About Ajax Real Estate
There are a lot of options in the Ajax real estate market currently, for those interested in purchasing a home. The real estate market in Canada is thriving, yet the general prices of homes in the Ontario area are surprisingly affordable. There are several kinds of properties as viewed from the perspective of basic investment differences, which can make a good home for a prospective home buyer.
Ontario is the second-largest province in total area in the nation accounting for nearly 40% of population thus making it the most populous by a large margin. Both visitors and residents can enjoy the best of city and country as Ontario is home to the nation’s most populous cities; Toronto and Ottawa. Here, all universal pleasures of a major metropolis are aplenty: top resorts and hotels with golf and spas, nightlife featuring music festivals and all kinds of entertainment, restaurants popular for fabulous cuisine from indigenous inspiration, and beautiful parks for outdoor refreshment. The Northwest Territories and Nunavut which are now part of Ontario puts fun of exploring the countryside. Hiking, riding horses and biking through scenic and rolling terrains awaits all Ajax real estate prospective buyers who yearns for beautiful landscapes and gorgeous weather.
The various types of properties for sale are mostly single family properties, apartment buildings, small multiple-unit properties, and traditional houses.
Single family houses are appealing to many investors as they provide the easiest way to venture into real estate arena, because of the possibility of a low down payment and financing options. The median sales for a single family house is $ 299,000 by the end of 2013, an increase of more than 29% compared to the prior year. The increases in job prospective in Ontario have reflected on the real estate market in the region as well. Ajax real estate builds equity fast during times of hiking prices regardless of the rental charges. Single family houses make the eventual sale easier as they can be sold to other home owners or investors.
Apartment buildings provide a real investing opportunity to investors with a large capital base as they provide a decent cash flow in return. The prices of Ajax real estate just like other apartment buildings are based on net income and locations, making the apartment market a land of extremes.
Small multiple-unit residential homes lie between apartment buildings and single family homes comprising of duplexes, triplexes and four-plexes. The units can be financed as a home and get the equity gains from the property altogether.
Of course, there are various types of homes for sale in Ontario, Canada ranging from affordable and meager to massive and thus more expensive. In the year 2012, the segment of homes that recorded most sales were those priced between $210,000 and $249,999, with 11% of all home sales occurring in this same category. The segment of affordable homes was second busiest with 9% of all sales for homes ranging from $120,000 to $140,000. Even though Ajax real estate is the most sought-after properties in Ontario, the prices are affordable and obtainable yet offering variety of options.