Cost Advantage
Businesses based in Ontario benefit from some of the lowest overall business costs in the G7. Within Ontario, Durham Region offers a cost-competitive landscape for businesses compared to other Greater Toronto Area (GTA) communities.
From a cost perspective, Durham Region offers potential investors a strong cost advantage based on:
Human resource costs:
- A world-class talent pool, often available for salaries that are lower than other major North American business centres.
- The opportunity to hire local talent, preventing long commutes and improving the quality of life for your staff.
Land, facility, and development costs:
- Durham Region offers industrial development charges that are below the average of other regions in the GTA.
- Lower than average price for serviced employment lands compared to other GTA regions.
- Office, industrial, warehouse and retail spaces are available and supported by stable and competitively priced utilities.
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Average Industrial Real Estate Costs in Greater Toronto Area Source: Cushman Wakefield, Industrial Q1 2026 Market Beat Report; $CAD; |
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Market |
Overall WTD Average Asking Sale Price |
Overall Weighted Average Taxes, Maintenance, Insurance |
|
GTA Central |
$375.92 |
$4.34 |
|
GTA West |
$412.43 |
$3.96 |
|
GTA North |
$522.61 |
$4.11 |
|
GTA East |
$292.04 |
$3.72 |
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Average Residential Real Estate Prices in the Toronto Region Source: Toronto Real Estate Board MLS Home Price Index Q1 2026 |
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|
Region |
Single Family Detached |
Single Family Attached |
Townhouse |
Apartment |
Composite |
Year Over Year % Change |
|
Halton Region |
$1,344,400 |
$901,400 |
$678,200 |
$531,700 |
$982,400 |
-5.63% |
|
Peel Region |
$1,142,600 |
$822,000 |
$671,600 |
$488,200 |
$884,100 |
-5.92% |
|
City of Toronto |
$1,469,200 |
$1,163,700 |
$724,200 |
$553,900 |
$934,000 |
-5.53% |
|
York Region |
$1,357,800 |
$986,700 |
$721,900 |
$523,600 |
$1,101,200 |
-8.43% |
|
Durham |
$902,400 |
$711,300 |
$570,400 |
$467,700 |
$823,700 |
-6.76% |