Pickering is a city located in Southern Ontario, Canada, and it has been experiencing significant growth in recent years. The city has a population of over 90,000 and is part of the Greater Toronto Area, which is known for its strong and stable real estate market.

Pickering is home to several major employers, including Ontario Power Generation, Durham College, and the Pickering Nuclear Generating Station, which is expected to undergo significant renovations and upgrades in the coming years. The city is also located close to major transportation routes, such as Highway 401, and has a commuter train station that provides easy access to downtown Toronto.

Pickering offers a mix of residential properties, including single-family homes, townhouses, and condominiums. The city has several established neighbourhoods, as well as new developments that are currently under construction or in the planning stages.

Local Housing Market

According to the Toronto Regional Real Estate Board (TRREB), which covers the GTA, the average selling price of a home in the area was $1,077,996 in May 2023, which represents a 6.97% decrease compared to May 2022. The number of sales in the GTA increased by 24.7% over the same period.

While specific information about the local housing market in Pickering may vary depending on factors such as neighbourhood, property type, and other local factors, you may be able to find more detailed and up-to-date information through sources such as:

• The Toronto Regional Real Estate Board (TRREB), provides monthly updates on the local housing market, including average prices, sales volumes, and other metrics.

• Mary Roy & Team, who are familiar with the market and can provide tailored advice based on your specific needs and circumstances.

• Real estate websites such as www.maryroyteam.com, provide listing information, market trends, and other data about the local housing market.

Economic Conditions

The economy of Pickering is diverse, with several industries driving the local economy, including manufacturing, health care, education, and energy.

One of the major employers in Pickering is Ontario Power Generation (OPG), which operates the Pickering Nuclear Generating Station. The station employs over 3,000 people and generates a significant portion of Ontario's electricity. The station is currently undergoing a major refurbishment project, which is expected to create jobs and contribute to the local economy.

Durham College is also located in Pickering, and it offers a range of programs in areas such as business, engineering, and health sciences. The college employs several faculty and staff members and attracts students from across the Greater Toronto Area and beyond.

In addition, Pickering is home to several industrial parks and manufacturing facilities, which provide jobs and contribute to the local economy. The city also has a growing healthcare sector, with several hospitals and medical clinics serving the local population.

Overall, the economic conditions in Pickering are generally positive. However, like any economy, there may be challenges and fluctuations depending on a variety of factors, such as changes in government policies, global economic conditions, and other local events.

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Whether Pickering is a good investment opportunity will depend on a variety of factors, including your investment goals, budget, and risk tolerance, as well as the current and future state of the real estate market in the area. It may be helpful to consult with professionals. Mary Roy & Team have a combined 60 years of real estate experience. They know that buying a house is more than just finding the perfect layout and location, it’s about understanding the market and reading the fine print. They will walk you through the purchase or selling process and be with you every step of the way.