Scarborough Real Estate Market Snapshot December 2024
Today, we’re focusing on Scarborough with a fresh 30-day market snapshot. There’s a lot to unpack, so let’s get started!
First up, single-family homes: sales are on the rise, and homes are selling faster than before. The average sale price now stands at $876,000.
Now onto condos: sales are climbing here as well! Condos are moving quicker, averaging 47 days on the market, with a current price of $442,000.
Thinking of buying or selling in Scarborough? Whether you’re ready to make a move or just exploring your options, our expert team at https://lifestylevideos.com is here to help. Let’s connect and turn your dream lifestyle into reality!
Why Scarborough Real Estate?
Are you searching for a new place to live? Scarborough, Ontario, might be the town you are looking for. Situated in the eastern part of the Greater Toronto Area, Scarborough combines urban living with access to nature and community services.
Diverse Community
Scarborough is home to people from various cultural backgrounds. You will encounter different languages, foods, and traditions. This diversity creates a vibrant community where you experience multicultural events and festivals. For example, the annual Taste of Lawrence festival showcases local food and entertainment.
Access to Nature
If you enjoy outdoor activities, Scarborough offers parks and natural sites. The Scarborough Bluffs are a significant attraction, featuring cliffs along Lake Ontario’s shoreline. You hike along trails, relax on the beach, or have a picnic with family and friends. According to the City of Toronto, Scarborough has over 30 parks (source).
Transportation
Getting around Scarborough and commuting to other parts of Toronto is convenient. The TTC operates bus routes and the Line 2 subway extension into Scarborough. This connectivity makes it easier for you to access work, school, or entertainment in the city. Future transit projects, like the proposed Scarborough Subway Extension, aim to improve services further (source).
Education
For families with children, Scarborough offers educational institutions at all levels. The University of Toronto Scarborough Campus provides undergraduate and graduate programs to over 12,000 students annually. Public schools under the Toronto District School Board serve elementary and secondary students. There are also private schools and specialized programs to meet diverse educational needs.
For details on schools in Scarborough, visit the Toronto District School Board website.
Affordable Real Estate
Compared to central Toronto, Scarborough real estate tends to be more affordable. According to the Toronto Regional Real Estate Board, average home prices in Scarborough are lower than the city average. Whether you are looking for a detached house, a townhouse, or a condominium, Scarborough has options fitting different budgets. This affordability allows first-time homebuyers to enter the market. Real estate agents familiar with Scarborough help you find properties matching your preferences.
Economic Opportunities
Scarborough hosts various industries, providing employment opportunities. The healthcare sector, including the Scarborough Health Network, offers jobs in medical and support roles. Retail centers like Scarborough Town Centre create positions in sales and management. Manufacturing and technology companies also operate in the area, contributing to economic growth.
Amenities and Services
Living in Scarborough gives you access to shopping centers, restaurants, and entertainment venues. The Scarborough Town Centre is a hub for shopping and dining. Community centers offer programs for fitness, arts, and recreation. Libraries provide resources for learning and leisure. You find healthcare facilities, including clinics and hospitals, ensuring access to medical services.
Cultural and Recreational Activities
Scarborough supports cultural and recreational interests. The Toronto Zoo, located in Scarborough, is one of the largest zoos in Canada, attracting over 1 million visitors annually. It provides educational and entertainment opportunities for all ages. Cultural centers and art galleries promote local artists and host events. Sports facilities and leagues allow you to engage in physical activities and meet others with similar interests.
Safety and Community Programs
Community safety is important, and Scarborough has programs supporting residents. Neighborhood watch groups and community policing efforts aim to enhance security. Community centers often host meetings and workshops on safety and community development.
Explore Scarborough Real Estate Today
Are you interested in exploring Scarborough real estate options? Visit lifestylevideos.com to access resources helping you find your ideal home. Start your journey towards living in Scarborough today.
