Pickering is home to over 99,000 people and is forecasted to grow to over 168,000 people by the year 2041. At the same time, the number of residential units is projected to nearly double from over 33,000 to approximately 65,000 units. It is also estimated that Pickering will increase employment by adding over 35,000 jobs in the same time period. The rise in population along with more employment opportunities in the upcoming years will make Pickering an even more desirable city to reside in all while increasing the demand for housing.
The city is serviced by Highways 401, 407, GO Transit, the CN Rail, CP Rail and Durham Rapid Transit – connecting you to everywhere you need to go with ease. You are also about 30 minutes from Pearson International Airport which is Canada’s largest international airport. Pickering is also close to 5 Universities and 6 Colleges including the University of Toronto, the University of Ontario Institute of Technology, Durham College and more.
Pickering is a part of Durham Region which has been experiencing tremendous growth. It is estimated that the region will need over 89,000 new homes by 2031, but will only be able to deliver an estimated 65,000 leaving a shortage of over 24,000 homes. This will lead to increased demand which will put upwards pressure on real estate values and rent prices.
Centrecourt is a highly reputable developer who possesses over 10 years of building experience (since 2010) with a focus on the development of high-rise residential communities and are one of the most active high-rise developers in the GTA with 19 high-rise residential projects, collectively representing over 10,000 homes and over $5.6 billion dollars of development value.