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New Condos Ajax

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Nestled on the shores of Lake Ontario, Ajax boasts a friendly atmosphere and a population exceeding 126,000. It's no wonder new homes in Ajax are attracting new residents – the town offers a dynamic lifestyle with a focus on growth and community. Ajax is a town on the rise, with a bold vision for the future. Whether you seek a convenient commute, easy access to amenities, or the chance to connect with a welcoming community, Ajax has something for everyone. Choose from a variety of new pre-construction condos in Ajax or pre-construction townhouses in Ajax to be among the first to own your dream home and experience the exciting growth of this vibrant lakeside town.

Ajax Pre-Construction Condo Market Trends 2024

A multitude of exciting opportunities awaits those who want to invest in new condos in Ajax and yearn for a rewarding waterfront lifestyle. The average price per square foot for new pre-construction condos in Ajax is currently at an enticing rate of $650. The resale price for all types of new homes in Ajax stands at an average of $1,024,570, making it an attractive option for both first-time homebuyers and seasoned investors. The rental market is also robust, with an average rental rate of $2,700 (2 Bed). There is a remarkably low vacancy rate of just 0.9%. Furthermore, the swiftness of real estate transactions is noteworthy, as it takes an average of only 24 days to sell new condos in Ajax. It takes 15 days to sell homes, highlighting the desirability and demand for properties in this thriving community.

Pre-Construction Condos & Homes in Ajax

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Reasons to Invest in New Condos Ajax

Welcoming Community and High Quality of Life

Ajax is celebrated for its diverse and inclusive population, creating a welcoming environment. Investing in Ajax homes offers a chance to experience a high standard of living with top-tier public healthcare facilities and schools, making it perfect for families, professionals, and retirees. Plus, with a growing population and development on the rise, there’s a good chance your new home will see huge value appreciation over time.

Access to Nature and Outdoor Activities

Ajax is a lakeside community with beautiful scenery and a relaxed atmosphere. Investing in this area means having access to over 6 kilometres of waterfront perfect for picnics, walks, and enjoying nature. New developments in Ajax let you enjoy beautiful parks and the stunning Lake Ontario waterfront, providing numerous opportunities for outdoor recreation and activities.

Economic Opportunities and Proximity to Major Cities

Ajax has a strong economy; choosing new builds in Ajax gives you the advantage of various job opportunities in sectors such as automotive, retail, healthcare, and tech. Its strategic location near Toronto combines the tranquillity of a smaller town with easy access to the amenities of a major city.

Ajax Rental and Seller Market 2024

Rental Market 

With a vacancy rate of only 0.9% in May 2024, the Ajax rental market presents an attractive option for investors seeking steady rental income. Average rent sits at $2,700 per month, offering the potential for strong returns.

Seller Market

Ajax’s real estate market shines in June 2024 with detached homes pricing $1,065,044. Condos offer a budget-friendly entry point at $555,036.

Average Renting and Selling Time in Ajax

-New Condos 

Renting Time for Condos: Similar to 2023, new Ajax condo rentals in 2024 found tenants fast, typically being leased within a few days to a few weeks.

Selling Time for Condos: The Ajax housing market continues to move quickly in 2024. In May, new condos for sale, on average sold in 24 days. 

-New Homes 

-Renting Time for Homes: Detached houses in Ajax are being rented out quickly in 2024, similar to the previous year. Tenants can expect to find new homes quickly, with most listings snapped up within 2-4 weeks.

-Selling Time for Homes: The market for detached homes is cooling down. In May 2024, they sit on the market for an average of 15 days before selling.

Neighbourhoods

Central Ajax

Central Ajax offers a vibrant downtown core brimming with shops, restaurants, and essential services. Family-friendly parks like Rotary Park and Duffins Bay Park add to the area’s appeal.

1. Downtown Ajax

  • Highlights: Bustling downtown core teeming with shops, restaurants, cafes, and professional services. Offers convenient access to major highways.
  • Perfect For: Young professionals, urbanites seeking a walkable lifestyle, and those who enjoy the energy of a city centre prefer new condos in Ajax located in this area.

2. Midtown Ajax

  • Highlights: The 3rd most livable neighbourhood in Ajax and the 81st most livable in Ontario, a mix of residential areas with single-family homes, townhouses, and low-rise apartments. Features green spaces like Greenwood Park, perfect for outdoor recreation.
  • Perfect For: Families with children, nature lovers, and those seeking a balance between urban convenience and suburban tranquillity love new homes in Ajax located in this neighbourhood.

3. Lake Vista

  • Highlights: Established neighbourhood with a mix of housing options, offering peaceful streets and stunning views of Lake Ontario. Close proximity to waterfront parks and trails.
  • Perfect For: Retirees, empty nesters, and those seeking a quieter pace of life with easy access to scenic beauty.

North Ajax

Northwest Ajax beckons families with its mix of nature and convenience. Spacious homes sit near serene parks like Hermitage Park. Top-rated schools like Notre Dame CSS and St. Mark’s CES ensure a great education. 

1. Audley North:

  • Highlights: Established residential neighbourhood, quiet community atmosphere, convenient access to green spaces and parks.
  • Perfect For: Families seeking a peaceful, established neighbourhood with close proximity to parks and amenities generally choose new condos for sale in this area.

2. Applecroft:

  • Highlights: Family-friendly neighbourhood, a mix of housing options (single-family homes, townhouses, and condos), close proximity to schools and recreational facilities.
  • Perfect For: Young families or those seeking a comfortable suburban environment with easy access to schools and amenities.

South Ajax

South Ajax offers a community vibe with convenient access to amenities. Known for its residential streets and family-friendly atmosphere, it’s a popular choice for those seeking quieter suburban settings.

1. Village (Pickering Village):

  • Highlights: Small, residential community, village-like feel, quiet environment.
  • Perfect For: Those seeking a close-knit community with a quieter, village atmosphere love new condos for sale in this neighbourhood.

2. South Pickering:

  • Highlights: A mix of housing options (single-family homes, townhouses, condos), and convenient access to amenities in Ajax and Pickering, offers a blend of urban convenience and suburban living.
  • Perfect For: Those seeking a variety of housing options, easy access to amenities in both Ajax and Pickering and a balance between urban convenience and suburban comfort.

3. Southwood:

  • Highlights: Primarily single-family homes with a quiet, suburban atmosphere. Close proximity to natural spaces like Duffins Creek and Greenwood Conservation Area.
  • Perfect For: Those seeking a peaceful, residential environment with easy access to outdoor recreation love new homes in Ajax located in this area.

Pros of Living in Ajax

  • Family-Friendly Focus: Ajax is a haven for families. Numerous neighbourhoods boast excellent schools, green spaces like parks and playgrounds, and a strong sense of community. Whether it’s spending quality time outdoors or enjoying family events, Ajax provides a nurturing environment for raising children.
  • Waterfront Wonderland: For those who crave a scenic lifestyle, Ajax offers waterfront communities. Breathtaking views of Lake Ontario, beautiful beaches, and easy access to parks and trails make it an ideal location for water enthusiasts and nature lovers alike.
  • Urban Convenience: Choosing new homes in Ajax means the best of both worlds: a vibrant downtown core and a convenient location. Bustling shops, diverse restaurants, and essential services are all within walking distance, while direct access to major highways allows for quick commutes to Toronto and beyond.
  • Active Lifestyle: From biking and hiking trails along the waterfront to sports facilities and community centers, new condos for sale in Ajax caters to those who enjoy an active lifestyle. There’s something for everyone, whether you’re a fitness fanatic or simply enjoy spending time in nature.
  • Diverse and Growing: Investing in new pre-construction condos in Ajax means living in a multicultural society, offering a blend of cultures and cuisines. The town is constantly evolving with new developments and amenities, ensuring a dynamic and exciting place to live.

Cons of Living in Ajax

  • Commuter crunch: Ajax relies heavily on car travel and the 401, a major highway, can get notoriously congested, especially during rush hour. This can add significant time to your commute if you work outside the area.
  • Higher housing costs: While detached homes in Ajax may be more affordable than in Toronto, Ajax still sees a higher cost of living compared to the national average.

What are the different types of condos available in Ajax?

What are the different types of condos available in Ajax?

Ajax offers a variety of new condos, including some ready to move-in and others at the pre-construction stage. You’ll find high-rise options with modern designs, along with townhomes suitable for families.

Are condos selling in Ajax?

Yes, condos are selling in Ajax. Platinum Condo Deals currently lists condos for sale in Ajax, with prices ranging from around $500,000 to over $1 million.

What amenities can I expect in new homes for sale in Ajax?

New builds in Ajax offer a range of amenities to suit various lifestyles. You can expect modern conveniences like fitness centers, party rooms, and co-working spaces inside the building, while the surrounding area often boasts proximity to essential amenities like schools, shopping centers, and parks. Some developments even cater to specific needs with features like pet wash stations or yoga studios.

How much down payment is needed for a new condo for sale in Ajax?

The minimum down payment for a new condo in Ajax depends on the purchase price. In Canada, a minimum 5% down payment is required if the condo costs less than $500,000. If it’s more expensive, you’ll need at least a 20% down payment, though some developers might offer staged deposit structures for pre-construction condos in Ajax where you pay a smaller amount upfront and the rest spread out over time.

Is it a good time to sell condos in Ajax?

According to the most recent data available as of June 2024, the condominium market in Ajax is currently demonstrating a balanced state, with a Sales-to-New-Listings Ratio (SNLR) of 49.6%. This indicates an equilibrium between the supply of available condominiums and the demand from prospective buyers. However, it is important to note that the real estate market is inherently dynamic and subject to change. Therefore, we highly recommend reaching out to our team of experienced professionals for the latest insights and personalized advice. 

Is it easy to commute with public transportation in Ajax?

Ajax is known for its good public transportation options, with both Durham Transit buses and GO Train stations serving the town. This translates to many pre-construction developments being conveniently located near public transport. While the exact distance can vary depending on the specific development, Ajax’s focus on transit-oriented growth suggests easy access for residents.

Why are condo prices so high in Ajax?

The price of townhouses for sale in Ajax has likely risen due to a combination of factors, including the overall Toronto real estate market surge, Ajax’s appeal as a more affordable alternative to Toronto with good amenities, and limited land availability for new construction, driving demand for existing condos.

What is the average price of new condos in Ajax?

The average price per square foot for pre-construction condos in Ajax is $650. This means you can expect to find condos starting at around $555,036, but the final price will depend on the size of the condo, location and amenities.

What are the top neighbourhoods to invest in pre-construction homes in Ajax?

While there’s no single “top” neighbourhood, areas around Ajax’s development zones are promising for pre-construction homes. Look into projects near Taunton Road for potentially subsidized housing and easy access to amenities, or explore options close to Highway 401 for a peaceful and commuter-friendly vibe.

Is it a good investment to buy a pre-construction condo in Ajax?

Buying a pre-construction home in Ajax can be a good investment for long-term gains. The potential advantage is securing a lower price than upon completion, and benefiting from future appreciation in the growing Ajax market.

What is the average condo appreciation rate in Ajax?

While Ajax’s housing market boasts a healthy 17.8% average annual appreciation, it’s important to remember this is a general trend. The value of your specific condo can be influenced by its type and location within Ajax.

What is the shopping and dining scene like near new builds in Ajax?

In Ajax, you’ll find a mix of big-name stores and local flavours. The massive Durham Centre offers a convenient one-stop shop, while downtown Ajax provides a charming experience with unique boutiques and restaurants.

What are the average prices for new homes in Ajax?

Ajax offers something for everyone in the housing market. While detached homes are on the rise, averaging over $1 million in June 2024, condominiums provide a more budget-friendly option at around $555,036, making Ajax attractive to both luxury seekers and first-time buyers.

What's the average condo rent in Ajax?

The average condo rent in Ajax is around $2,450, though it can vary depending on the size, amenities, and specific location of the condo. For a more precise estimate, consider searching rental listings or contacting us for more info.

Are there schools and colleges located near new developments in Ajax?

Ajax boasts excellent schools, with options like Carruthers Creek, Southwood Park, and Ajax High School. This, combined with the nearby University of Toronto, Ontario Tech University, and Durham College, makes new Ajax condos for sale highly attractive to families seeking a strong educational foundation. Keep in mind that school availability and catchment areas can vary by location, so be sure to research before you choose a condo.

What are the best resources to find out about upcoming new developments in Ajax?

To stay on top of upcoming condo and townhome developments in Ajax, contact us today. At Platinum Condo Deals, we list pre-construction projects in Ajax with details on pricing, occupancy, and sometimes even floor plans.

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