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.
Cost of living:
- Durham Region offers, on average, housing that is 18% lower in price than the rest of the GTA.
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Average Industrial Real Estate Costs in Greater Toronto Area Source: Cushman Wakefield, Industrial Q1 2025 Market Beat Report; $CAD; |
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Market |
Overall WTD Average Asking Sale Price |
Overall Weighted Average Taxes, Maintenance, Insurance |
GTA Central |
$382.86 |
$4.35 |
GTA West |
$441.50 |
$3.96 |
GTA North |
$548.83 |
$4.24 |
GTA East |
$396.75 |
$3.49 |
Average Residential Real Estate Prices in the Toronto Region Source: Toronto Real Estate Board MLS Home Price Index Q1 2025 |
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Region |
Single Family Detached |
Single Family Attached |
Townhouse |
Apartment |
Composite |
Year Over Year % Change |
Halton Region |
$1,420,300 |
$977,700 |
$805,500 |
$605,100 |
$1,088,300 |
-4.65% |
Peel Region |
$1,310,000 |
$942,300 |
$779,400 |
$556,800 |
$1,015,700 |
-4.15% |
City of Toronto |
$1,642,700 |
$1,288,200 |
$856,200 |
$672,100 |
$1,059,500 |
-3.14% |
York Region |
$1,577,000 |
$1,146,100 |
$914,500 |
$649,900 |
$1,287,200 |
-4.83% |
Durham |
$1,007,000 |
$806,800 |
$641,400 |
$538,600 |
$922,500 |
-2.88% |