Realty Business in Aurora Ontario
February 6, 2024 | by ontarioaurora.com
People often call the Aurora real estate market a luxury market. So one can find a good Realty Business in Aurora. Most homes cost around $750,000, and in Aurora’s most expensive areas, they sell for millions of dollars.
Aurora, Ontario, is a quiet place that is close to elementary schools and daycares. The most popular way to get around is to drive.
Aurora is in the middle of the York Region, which is part of Canada’s Greater Toronto Area. It is in southern Ontario, in the Golden Horseshoe area. To the north of Richmond Hill, it’s partly on the Oak Ridges Moraine.
Aurora is home to about 2,200 companies and 65,000 people today. Aurora is one of the richest places in Canada, and it’s not just because its people are smart and successful.
It’s also because it has a lot of natural beauty. The many business leaders who live in Aurora today show their interest in the city clearly.
Monthly living cost in Aurora
Living in Aurora costs about $3,477 a month for a single person who rents. The cost of housing, transportation, groceries, and fun are just some of the things that go into this average.
Average salary in Aurora
The average salary in Aurora is $71,700, which is 31.7% more than the average pay in Canada, which is $54,450. Someone in Aurora who makes $0 a year makes 100% less than the average worker in Aurora and will take home about $0.
The Realty Business in Aurora
There are a lot of large, single-family homes made in the last 20 years that are for sale in Aurora. Significant community growth has made private real estate development possible.
People who want to buy a home in this community can get one built by one of Aurora’s best builders.
In Aurora, home prices have gone up by more than 41% in the last year, so people who want to buy a house should move quickly when they find one they love.
If you’re on a tight budget, though, there are still some areas in Aurora that you can look at. Many real estate experts say that people looking for a new home should find out about the best neighbourhoods or subdivisions in Aurora before they start looking.
This will help them focus on the best homes while looking.
Aurora Amenities for the Community
People who move to Aurora enjoy the many parks and outdoor trails the town offers. There are a lot of neighbourhood parks, nature areas, and wildlife parks in Aurora.
Some of them are even dog-friendly. The David Tomlinson Nature Reserve is the newest park in Aurora. It opened in November 2020 and has a number of trails for people to explore.
Business leaders and government officials in Aurora have recently started projects to bring life back to the city’s downtown area.
New projects like the Aurora Promenade and Liberty Square will bring in local businesses and get people to spend time with each other.
There are lots of gyms and leisure centres in the city, so even when it snows, you can always find a place to walk around. And people who live near skating rinks don’t have to go far to enjoy the ice in the winter.
Because Aurora is in a good spot, it’s easy to drive to Toronto and get around. The local public transportation system, Go Transit, makes it even easier.
Aurora also has the Sheppard’s Bush Conservation Area, the Aurora Arboretum, and the Hillary House National Historical Site for its people to enjoy.
A tree in the Aurora Arboretum is thought to be more than 200 years old. That’s a fun story about Aurora!
Aurora’s Best Local Deals
- During the summer, Aurora residents can go to the weekly neighbourhood farmer’s market to buy fresh fruits and vegetables, baked goods made from scratch, and plants grown in the area.
- Every winter, Aurora’s Arctic Adventure is a four-day event that people in the community look forward to.
- You can go to a lot of other fairs and events every year, like Rib Fest and Saturday Night Fever on Yonge Street.
- The Hillary House is a historic home that the Aurora Historical Society runs. Residents and tourists can look around and get a sense of the past.
- The Canadian Moments Mural is a famous feature in Aurora. It is a public art piece showing some of the most important events in Canadian history.
- People of all ages can enjoy kid-friendly things to do in Aurora, like going to the Toronto Zoo or the Ontario Science Centre.
Average house cost in Aurora, ON
The average price of a home for sale in Aurora, ON, right now, according to the Aurora Multiple Listing Service (MLS), is $2,007,000. The average home in Aurora stays on the market for 48 days and sells for 98.3% of its original price, according to the housing inventory.
Aurora detached house cost
The average price of a detached house in Aurora, ON, is $2,815,000, according to the Aurora MLS©. Detached homes in Aurora stay on the market for an average of 43 days.
Aurora condo cost
The current Aurora MLS data shows that the average price of a condo in Aurora, ON is $857,000. A two-bedroom condo in Aurora costs about $915,000 on average, while a one-bedroom condo costs about $661,000.
The most expensive homes in Aurora
Aurora Estates, Bayview Northeast, Aurora Highlands, and Rural Aurora are the most expensive places to buy a home in Aurora, ON. The average home price in Aurora Estates is $2,615,000, making it the most expensive area in Aurora.
Cheap houses in Aurora
Aurora Village, Bayview Wellington, Aurora Grove, and Aurora Heights are the areas where you can buy a home for the least amount of money. The average home price in Aurora Village is $2,507,000, making it the least expensive area of the city.
Places close to Aurora, ON
Newmarket, East Gwillimbury, Richmond Hill, and Bradford West Gwillimbury are the places that are closest to Aurora, ON. With an average home price of $1,931,000, Richmond Hill is the most expensive nearby city in Aurora. On the other hand, Newmarket has the most cheap average home price at $1,242,000.
Aurora townhouse cost
There is a 0.9% change in the price of townhouses in Aurora from last year to this year. The average townhouse listed price is $847,000. In Aurora, ON, there are 17 condos for sale right now.
The average person’s income in Aurora, ON
Statistics Canada’s Census shows that the average family income in Aurora is $101,923 per year, which is more than the average income in Canada, which is $67,000 per year.
Renting homes in Aurora
Only 14.2% of people in Aurora, ON, rent their homes, while 85.8% own their houses. The median rent price is $3,100 monthly, while the median mortgage payment is $5,600 monthly.
Frequently Asked Questions (FAQs) – Realty Business in Aurora, Ontario
What is the average cost of living in Aurora, Ontario?
The average monthly living cost for a single person who rents in Aurora is approximately $3,477, including housing, transportation, groceries, and entertainment.
What is the average salary in Aurora, Ontario?
The average salary in Aurora is $71,700, which is 31.7% higher than the national average in Canada.
What does the real estate market in Aurora look like?
Aurora’s real estate market is often considered a luxury market, with most homes priced around $750,000. Prices have significantly increased by more than 41% in the last year.
What are the popular areas to live in Aurora?
Aurora Estates, Bayview Northeast, Aurora Highlands, and Rural Aurora are known for their luxury homes. Aurora Village, Bayview Wellington, Aurora Grove, and Aurora Heights are more budget-friendly areas.
How long do homes stay on the market in Aurora?
On average, homes in Aurora stay on the market for 48 days, with detached houses averaging 43 days.
What are the most expensive and affordable types of homes in Aurora?
Detached houses have an average price of $2,815,000, while condos average $857,000. Aurora Estates is the most expensive area, and Aurora Village is the least expensive.
What amenities does Aurora offer for its residents?
Aurora boasts numerous parks, outdoor trails, gyms, and leisure centers. Recent projects like the Aurora Promenade and Liberty Square aim to revitalize the downtown area.
Are there any annual events or activities in Aurora?
Residents can enjoy the weekly farmer’s market, the Arctic Adventure in winter, and various events like Rib Fest and Saturday Night Fever on Yonge Street.
What is the average family income in Aurora?
According to Statistics Canada’s Census, the average family income in Aurora is $101,923 per year, higher than the national average in Canada.
What is the rental situation in Aurora?
Only 14.2% of people in Aurora rent their homes, with a median rent price of $3,100 per month, while the median mortgage payment is $5,600 per month for homeowners.