East Gwillimbury Homes For Sale

Located on the East Holland River and within the regional municipality of York, East Gwillimbury, population 22,473, is a peaceful town known for its rural elegance and enchanting landscapes. The town’s real estatemarket is divided into five main areas – Holland Landing, Queensville, Sharon, Rural East Gwillmbury and Mt. Albert. The average price for a property over these five main areas is currently $520,659, as of May 2013. Read More...

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Toronto Real Estate Board statistics show that the price of re-sale homes in the town of East Gwillimbury rose 8.5% between March 2012 and April 2013. While prices are rising quickly, affordable options are still available through the town. And East Gwillimbury’s home values remain well below the average for the GTA area as a whole. The average for the GTA currently stands at $531,943, making East Gwillimbury real estate 10th in the most expensive re-sale markets in the GTA. And with over 1,000 new homes built in this small town since January 2006, the pace of construction continues to rise in line with demand. So homebuyers in the area are sure to find that idyllic property that meets their buying criteria.

Commercial growth has been steady in East Gwillimbury. There are currently 2,100 businesses registered in the town, where major private industries include manufacturing as well as scientific and technical services.  While its growth has been strong, one of the main impediments to East Gwillimbury’s growth, in comparison with other towns across the GTA, has been the infrastructure constraints placed upon it due to its location. However, East Gwillimbury’s economic forecast for the coming years is now exceptionally positive. The forthcoming completion of the updated York Durham Sewer System will remove infrastructure impediments to East Gwillimbury’s growth and the extension of the 404 Highway will improve transit to key hubs across the area. These upgrades form the foundation for a strong economic picture in the future for the town.

The East Gwillimbury population is set to quadruple in the next 25 years to 88,000, with the local economy expected to add thousands of new jobs as a result of this growth. The 12,000 people that comprised the entire East Gwillimbury workforce as of the last Canadian Census is set to increase to almost 32,000 by 2031.

With a positive economic future and a steady housing market tied to the ever-strong GTA, East Gwillmbury offers a high value opportunity to buyers in today’s market. All the fundamentals point to clear growth in the town’s future.

 

 

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data is deemed reliable but is not guaranteed accurate by TREB.