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 Q3 2026 Market Beat Report; $CAD; |
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Market |
Overall WTD Average Asking Sale Price |
Overall Weighted Average Taxes, Maintenance, Insurance |
|
GTA Central |
$368.98 |
$4.59 |
|
GTA West |
$387.16 |
$4.41 |
|
GTA North |
$492.07 |
$4.57 |
|
GTA East |
$385.43 |
$3.93 |
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Average Residential Real Estate Prices in the Toronto Region Source: Toronto Real Estate Board MLS Home Price Index Q3 2026 |
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|
Region |
Single Family Detached |
Single Family Attached |
Townhouse |
Apartment |
Composite |
Year Over Year % Change |
|
Halton Region |
$1,298,500 |
$870,500 |
$661,300 |
$522,200 |
$953,100 |
-4.91% |
|
Peel Region |
$1,108,800 |
$801,600 |
$656,800 |
$477,000 |
$864,300 |
-6.05% |
|
City of Toronto |
$1,417,600 |
$1,111,200 |
$714,700 |
$543,800 |
$908,200 |
-4.93% |
|
York Region |
$1,329,800 |
$974,500 |
$733,800 |
$512,900 |
$1,080,400 |
-6.86% |
|
Durham |
$883,700 |
$698,000 |
$555,900 |
$456,900 |
$805,600 |
-6.05% |