SmartCentres Pickering Condos

POPULATION INCREASE & ECONOMICAL OUTLOOK
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.

CONNECTIVITY & EDUCATION
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.

HOUSING NEEDS 
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 upward pressure on real estate values and rent prices.

REPUTABLE DEVELOPER
SmartCentres REIT, one of Canada’s largest and most respected real estate investment trusts, is known for its expertise in creating vibrant mixed-use communities and high-quality developments. With a portfolio spanning over 3,500 acres across 195 locations nationwide, SmartCentres is recognized for transforming shopping centres into thriving city centres, and their residential division, SmartLiving, brings a proven track record of innovation, reliability, and value in community building.