Whitchurch-Stouffville, located 50 kilometres north of downtown Toronto, is a municipality in the Greater Toronto Area (GTA) of Ontario. Regarding population, it’s the second fastest growing municipality in the York region and third fastest growing community in Canada, with population jumping 21.8% during 2011 to 2016. According to the 2016 census, the population of Whitchurch-Stouffville is around 45,837. This number is projected to reach 60,600 by 2031, suggesting massive economic and infrastructural growth.
As far as the development of condos is concerned, many new condo projects are lined up to meet the needs of a rapidly rising population. With the population set to increase to a great extent, the demand for condos—especially in the younger generation—is set to increase. This will give a boost to the condo prices in the town.
From the investment point of view, the condo prices have started their upward journey. Compared to 2016, the average resale condo price in 2017 rose by 7 percent. So, if you’re thinking of buying a condo for investment purpose, you’re in for a treat.