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 Q2 2025 Market Beat Report; $CAD; |
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Market |
Overall WTD Average Asking Sale Price |
Overall Weighted Average Taxes, Maintenance, Insurance |
GTA Central |
$386.65 |
$4.42 |
GTA West |
$463.99 |
$3.95 |
GTA North |
$524.78 |
$4.17 |
GTA East |
$404.37 |
$3.46 |
Average Residential Real Estate Prices in the Toronto Region Source: Toronto Real Estate Board MLS Home Price Index Q2 2025 |
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Region |
Single Family Detached |
Single Family Attached |
Townhouse |
Apartment |
Composite |
Year Over Year % Change |
Halton Region |
$1,388,600 |
$949,700 |
$736,800 |
$583,600 |
$1,029,200 |
-6.10% |
Peel Region |
$1,222,700 |
$876,800 |
$729,300 |
$540,200 |
$944,200 |
-7.09% |
City of Toronto |
$1,541,900 |
$1,213,700 |
$778,200 |
$599,700 |
$975,400 |
-5.75% |
York Region |
$1,461,000 |
$1,054,900 |
$822,800 |
$575,900 |
$1,188,800 |
-7.95% |
Durham |
$949,400 |
$750,600 |
$623,700 |
$515,400 |
$871,800 |
-4.75% |