Ajax’s Housing Market
Ajax is located in Durham Region, one of the fastest-growing economic areas in Ontario. The town of Ajax is situated on Lake Ontario, just east of Toronto, the provincial capital. Unlike Toronto, which has a population of 2.8 million, Ajax has a population of just 109,600.
The town has a vibrant business community and residents can enjoy a full range of services and events and natural heritage, including Ajax’s six kilometres of waterfront, which remain largely undeveloped, and acres of parkland.
While Ajax’s population is small when compared to other cities in close proximity to Toronto, the population is growing with hundreds of new homes being built each year. Because Ajax is just 45 minutes from downtown Toronto, it also benefits from the strong housing market in the Greater Toronto Area.
The average selling price in Durham reached $569,748 in the summer of 2017, a four per cent increase over the average of $547,496 during the same period in 2016. In Ajax, the average price of a residential property was around $620,200; for a detached home, the average selling price remained strong at nearly $680,000. That’s much more reasonable when you consider that the price of a detached home in Toronto, which is just a short transit ride away, is $1.3 million.
Meanwhile, the average price of a semi-detached home in Ajax was $560,833, which is reasonable for first-time home buyers. The average price of a condo/townhouse was almost $487,200.
The fact of the matter is, Ajax still offers some of the best real estate value in the Greater Toronto Area.
Finding the Best Mortgage Rates in Ajax
If you’re thinking of buying a property in Ajax and are looking for the best mortgage rates and terms, the only place to turn to is a mortgage broker who can give you access to private mortgage lenders. Why use a mortgage broker to find a private lender and not one of Canada’s big banks? Mortgage brokers like
Canadalend.com are licensed and independent; they’ll help you find the private lenders offering the mortgage and financial products that best suit your needs. The big banks can’t say that; they only push their own financial products, whether it’s in your best interests or not.
Because the mortgage experts at Canadalend.com are independent, they have access to hundreds of different lenders. That means they can find you a mortgage that meets both your financial and lifestyle needs.
That’s important. Finding a mortgage with the best rates can help you save tens of thousands of dollars in interest charges. Understanding the fine print, like the terms and conditions, can also save you money and make your day-to-day life easier.
The oft-overlooked fine print can contain penalties and hidden costs you perhaps weren’t aware of. You also need to think about amortization periods, open vs. closed mortgages, fixed vs. variable mortgages, and an accelerated repayment program.
Here’s What Canadalend.com Offers
Not too long ago, house hunters in Ajax could have bought a house or condominium with no money down and a mortgage with a 40-year amortization period. Not anymore. Over the last number of years, the Canadian government has introduced tougher lending rules.
Unfortunately, those stricter lending rules have made it very difficult for many first-time home buyers in Ajax to qualify for a mortgage.
For example, the amortization period has been cut to 25 years and the minimum down payment for new government-backed mortgages is now five percent.
Tougher lending rules have also made it difficult for Canadians from all walks of life to secure a mortgage. If you’re self-employed, have declared bankruptcy, have bad credit or even no credit, have unreliable income, or are a non-resident, it’s a lot more difficult to secure a mortgage.
That’s where mortgage brokers like Canadalend.com come in. We are not bound by the same lending rules as Canada’s big banks and trust companies. Because of this flexibility, Canadalend.com has a lot more freedom to find you the private lender with the financial product you’re looking for.
Canadalend.com’s Financial Services
- First mortgages for first-time home buyers
- Second mortgages in Ajax
- Residential mortgages in Ajax
- Mortgage refinancing in Ajax
- Commercial mortgage for businesses in Ajax
- Home equity line of credit (HELOC)
- Mortgages and tax arrears in Ajax
- Debt consolidation for bad credit in Ajax
- Home equity loans in Ajax
- Mortgages for those in Ajax with bad credit
This Is Why You Should Choose Canadalend.com!
If you’re interested in buying a property and settling down in Ajax or if you already own a home and want to consolidate debt, want to refinance, or have been turned down by the big lenders for any reason, a licensed agent at Canadalend.com can help.
The licensed, independent agents at Canadalend.com have access to hundreds of different lenders. We can find a lender that specializes in helping first-time home buyers or those with no credit secure a residential mortgage or other financial products and services, like a home equity line of credit, a second mortgage, or debt consolidation.
On top of that, the mortgage brokers at Canadalend.com can also get you pre-approved for a mortgage or loan in 24 hours or less.
To see what kind of mortgage or loan you qualify for, contact Canadalend.com today or apply online and a Canadalend.com mortgage specialist will set up an appointment for a free personal consultation at your earliest convenience.