Businesses based in Ontario benefit from some of the lowest overall business costs in the G7. Within Ontario, Durham Region offers a cost-competitive landscape for businesses compared to other Greater Toronto Area (GTA) communities.
From a cost perspective, Durham Region offers potential investors a strong cost advantage based on:
Human resource costs:
- A world-class talent pool, often available for salaries that are lower than other major North American business centres.
- The opportunity to hire local talent, preventing long commutes and improving the quality of life for your staff.
Land, facility, and development costs:
- Durham Region offers industrial development charges that are below the average of other regions in the GTA.
- Lower than average price for serviced employment lands compared to other GTA regions.
- Office, industrial, warehouse and retail spaces are available and supported by stable and competitively priced utilities.
Cost of living:
- Durham Region offers, on average, housing that is 18% lower in price than the rest of the GTA.
____________________________________________________
Average Industrial Real Estate Costs in Greater Toronto Area Source: Cushman Wakefield, Industrial Q3 2024 Market Beat Report; $CAD; |
||
Market |
Overall WTD Average Asking Sale Price |
Overall Weighted Average Taxes, Maintenance, Insurance |
GTA Central |
$407.12 |
$4.26 |
GTA West |
$534.26 |
$4.04 |
GTA North |
$523.98 |
$4.25 |
GTA East |
$444.27 |
$4.04 |
Average Residential Real Estate Prices in the Toronto Region Source: Toronto Real Estate Board MLS Home Price Index Q3 2024 |
||||||
Region |
Single Family Detached |
Single Family Attached |
Townhouse |
Apartment |
Composite |
Year Over Year % Change |
Halton Region |
$1,447,900 |
$996,500 |
$797,100 |
$612,300 |
$1,104,600 |
-4.22% |
Peel Region |
$1,308,200 |
$949,900 |
$781,600 |
$579,900 |
$1,015,500 |
-5.34% |
City of Toronto |
$1,641,800 |
$1,277,500 |
$865,900 |
$677,400 |
$1,051,400 |
-4.08% |
York Region |
$1,598,500 |
$1,153,000 |
$912,500 |
$667,700 |
$1,303,200 |
-4.50% |
Durham |
$990,900 |
$797,200 |
$637,600 |
$538,100 |
$907,700 |
-4.50% |