Here’s how much house prices have risen in 10 years in Oshawa and Durham
Published April 16, 2024 at 10:27 am
Oshawa and some other Durham Region municipalities are still more affordable than other GTA cities, but just 10 years ago, you could get a home for a lot less.
According to the most recent report by the Central Lakes Association of Realtors (CLAR), the average home price (all home types combined) hit $936,166 in March 2024–up just slightly from the average home price of $925,151 that was observed in March 2023.
March 2024 selling prices, as per CLAR
The price is up quite a bit more from March 2014, when the average selling price in the Durham region was $380,267–a whopping $555,899 difference.
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March 2014 selling prices, as per CLAR
Naturally, the difference in every Durham municipality is quite stark.
In 2014, the average home price in Oshawa was $300,358. Now, it’s $802,843. Ten years ago, a home in Ajax cost an average of $421,211. Last month, the average home price was $998,336. In Pickering, homes have climbed from an average of $458,288 to an average of $1,047,860. In Whitby, prices rose from $415,604 in 2014 to $1,040,893 in 2024.
Prices are also way up in Uxbridge, where the average price rose from $527,184 to $1,317,687–a difference of close to $800,000.
More rural parts of the region have also seen significant increases.
In Brock, the average selling price rose from $267,490 to $770,250 and in Clarington, it climbed from $325,112 to $880,831. In Scugog, prices increased from $371,831 to $967,812.
The increase in the average price of a detached property is stark, with the average price across the overall region rising from $421,050 in 2014 to $1,056,424 in 2024.
The average price of a semi-detached house in the region increased from $299,422 in 2014 to $787,737 in 2024. The price of an attached row house climbed from $320,307 to $834,979 and the price of a condo rose from $225,860 to $579,148.
While prices are up significantly, several Durham municipalities, such as Oshawa and Brock, remain more affordable than the GTA average. According to the Toronto Regional Real Estate Board, the average selling price in the overall GTA hit $1,121,615 last month, with the average selling price in Toronto hitting $1,087,017.
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