Page 5 - Highmark_Investors_Brochure_WEB2

PICKERING HOUSING PRICES
Selling to listing price ratio 118% Avg. DOM - 10 days - 2nd fastest in GTA
GROWTH & DEVELOPMENT
Pickering is growing rapidly, with 42 approved residential projects set to bring over 13,000 suites to the city.
Seaton Development
Planned to accommodate 70,000 new residents and 35,000 new jobs
SmartCentres Phase 1 2
Redeveloping the 48-acre property for approx. 725 residential units and 14,500 SF of retail
Pickering Town Centre Redevelopment 3
36,791 SF of commercial & retail with approx. 5,100 new residential units
IMMIGRATION
• Over 1.2 million new residents are expected over the next three years, an increase of approx. 150,000 people per year since 2001.
• Canada welcomed a record-breaking 431,645 people as permanent residents in 2022. Surpassing the previous record from 1913, this is the most newcomers in a year in Canadian history. 4
• 70% of the population growth in Durham Region has been driven by immigration (2011-2016)
• In 2021, Ontario received about half of all new Canadian permanent residents.
THE PICKERING APPEAL
• Area expected to welcome approximately 215,000 new residents & 66,000 new jobs by 2041. 1
• Durham Live, a new casino and entertainment district, is estimated to create 12,000 new jobs just 5 minutes from The Highmark 5
• Pickering’s Town Centre was named the top neighbourhood in Durham – right next to The Highmark.
Source:
1. https://www.insauga.com/pickerings-seaton-community-back-in-the-spotlight-with-thompsons-corner-proposal/
2. https://urbantoronto.ca/database/projects/smartcentres-pickering.42302
3. https://canada.constructconnect.com/dcn/news/infrastructure/2023/02/portion-of-pickering-town-centre-lands-to-be-integrated-into-massive-nine-block-development 4. https://www.moneysense.ca/spend/real-estate/where-to-buy-real-estate-in-canada-durham-region/
5. https://www.narcity.com/toronto/a-massive-adult-playground-is-coming-to-ontario-and-its-just-like-a-mini-las-vegas)