Universal City VIP Broker Presentation
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UNIVERSAL CITY I’M SO EXCITED FOR THE NEXT BIG THING CONDOS IN PICKERING FROM THE LOW $300’S CHESTNUT HILL DEVELOPMENTS PICKERING A WORLD CLASS CITY 6 Pickering is emerging as one of Ontario’s Economic powerhouses, and is expected to lead the nation in growth over the next 25 years. Pickering offers unrivalled investment opportunities. — Dave Ryan Mayor of Pickering The City of Pickering received the connectivity gives it access to major FCM-CH2M Sustainability markets and places it near some of Award in Planning for its the largest and most prestigious post-secondary institutions in the nation leading work in sustainability country. and the environment. Pickering is poised to become an energy-efficient and transit- Another bonus: business tax rates in Pickering are some of the supportive urban lowest of the larger municipalities community. east of Toronto. Its diverse and robust economy includes one of Ontario's strongest energy, environment and engineering clusters, and Durham Region's largest industrial base. The city's strategic location and Downtown Pickering is undergoing a dramatic transformation - highlighted by a $23-million landmark pedestrian bridge that links downtown to the Pickering GO station. In recent years, downtown Pickering has seen a new and exciting dynamic emerge with the advent of the LEED-Gold office tower, and the Durham College/Centennial College Joint Learning Centre. The city is undergoing a dramatic FUTURE PLANS transformation with the development of New Seaton (up to 70,000 residents and 35,000 jobs) 9 TOP TEN In 2016/2017 Pickering was ranked in the TOP TEN Microcities in North America in Business Friendliness and Connectivity Categories. -Financial Post, FDI Intelligence- TOP TEN TOP TEN Micro American Cities of the Future Connectivity Micro American Cities of the Future Business Friendliness Rank City State Country Rank City State Country 1 Wilmington Delaware USA 1 Brantford Ontario Canada 2 South Gate California USA 2 Langley British Columbia Canada 3 Santa Fe Springs California USA 3 Niagara Falls Ontario Canada 4 Pickering Ontario Canada 4 North Vancouver British Columbia Canada 5 Langley British Columbia Canada 5 Fredericton New Brunswick Canada 6 North Vancouver British Columbia Canada 6 Pickering Ontario Canada 7 Franklin Wisconsin USA 7 Chatham Ontario Canada 8 Ogden Utah USA 8 Sarnia Ontario Canada 9 Repentigny Québec Canada 9 Nanaimo British Columbia Canada 10 Gahanna Ohio USA 10 Sudbury Ontario Canada Up from 6th position in 2015/2016 Up from 10th position in 2015/2016 10 2MINS 28MINS 23MINS 31MINS 32MINS TO HIGHWAY TO DOWNTOWN TO YONGE & TO YONGE & TO UNION 401 TORONTO HIGHWAY 401 BLOOR STATION 16MINS 33MINS 35MINS 35MINS 36MINS TO HIGHWAY TO YONGE & TO PEARSON TO BILLY BISHOP TO SPADINA & 407 DUNDAS INTERNATIONAL INTERNATIONAL DUNDAS AIRPORT AIRPORT TIME & DISTANCE 0.4KM 1KM 1.5KM 2.1KM 2.2KM TO PICKERING GO TO DURHAM & TO PICKERING TO BEACHFRONT TO FRENCHMAN’S STATION CENTENNIAL TOWN CENTRE PARK BAY MARINA COLLEGE PUBLIC LIBRARY PICKERING CITY HALL 11 GOING GREEEN 4 CONSERVATION AREAS ALTONA FORREST GREENWOOD CONSERVATION AREA PETTICOAT CREEK CONSERVATION AREA CLAREMONT CONSERVATION AREA 85 PARKS & TRAILS 220 220 HECTARES OF GREENSPACE 12.4KMOF WATERFRONT TRAILS 2.7KM OF SANDY BEACHES 13 PICKERING CURRENTLY PICKERING CURRENTLY ANOTHER HAS HAS THE LOWEST RESIDENTIAL ACRES OF VACANT ACRES PROJECTED TO BECOME TAX RATE AND ONE OF THE EMPLOYMENT LAND AVAILABLE ALLOWING FOR UP LOWEST BUSINESS TAX AVAILABLE FOR TO 30,000 NEW JOBS RATES IN DURHAM DEVELOPMENT - SOURCE- PICKERING TO OPEN CASINO AND ENTERTAINMENT COMPLEX IN LATE 2019 More than 10,000 jobs are expected to be created in Pickering POPULATION GROWTH Expected to more than double by 2031 -Statistics Canada Census- 96,089 190,000 2017 BY 2031 POPULATION DEMOGRAPHICS - Statistics Canada Census- 10% 10% 13% ARE OVER 65 YEARS OLD BETWEEN AGES 0-10 BETWEEN AGES 10-19 RETIRED, ENJOYING YEARS OLD YEARS OLD RETIREMENT DEPENDENT CHILDREN TEENAGER BETWEEN 20-65 YEARS OLD WORKING AGE PROFESSIONALS 17 EDUCATION 66% BY THE NUMBERS PICKERING RESIDENTS AGED 24-64 YEARS HAVE A - Statistics Canada Census- POST-SECONDARY CERTIFICATE, DEGREE OR DIPLOMA 7 15 2 RESIDENTIAL PUBLIC SECONDARY PRIVATE8 SCHOOLS NEIGHBORHOODS SCHOOLS SCHOOLS DURHAM COLLEGE CENTENNIAL COLLEGE UNIVERSITY OF ONTARIO INSTITUTE OF TECHNOLOGY UNIVERSITY OF TORONTO RYERSON & YORK UNIVERSITY 18 ANNUAL HOUSEHOLD INCOME PICKERING’S ANNUAL HOUSEHOLD INCOME IS 1.6X THE TORONTO AVERAGE, 1.5X THE ONTARIO AVERAGE $72,830 $76,510 $82,613 $118,377 TORONTO ONTARIO AJAX PICKERING (source; Statistic Canada & City of Pickering website as of 2014) EMPLOYMENT PICKERING IS HOME TO NATIONAL AND INTERNATIONAL COMPANIES IN KEY INDUSTRY SECTORS; INCLUDING ENERGY, ADVANCED MANUFACTURING AND PHARMACEUTICAL. Central Pickering • 60,000 New Residents • 35,000 Jobs 2017 • 68,000 Jobs by 2031 MAJOR EMPLOYERS EMPLOYER EMPLOYEES ONTARIO POWER GENERATION 4,500 ROGERS COMMUNICATIONS 750 ASPECT RETAIL LOGISTICS 359 PURDUE PHARMA CANADA 390 MUNICIPAL PROPERTY ASSESSMENT 350 YORKVILLE SOUND 250 ECO-TEC INC. 150 HUBBELL CANADA LP 150 NELSON INDUSTRIAL 140 LENBROOK INDUSTRIES 100 21 ONE OF THE FASTEST MOVING REAL ESTATE HOME MARKETS IN THE GTA: AVERAGE DAYS ON THE MARKET 21.7% (SOURCE: AVG DOM: TREB MLS 2018) PICKERING HISTORICALLY HAS HAD A HIGHER PROPERTY APPRECIATION THAN THE CITY PICKERING 14 OF TORONTO AJAX 22 TORONTO 21 MISSISSAUGA 24 BRAMPTON 23 BURLINGTON 28 OAKVILLE 28 RICHMOND HILL 31 MARKHAM 28 GTA AVERAGE 24 Toronto GTA 33% 46% THE AVERAGE PRICE OF A 35% CONDO IN PICKERING IS ONLY 67% OF THE AVERAGE PRICE OF A CONDO IN THE GTA AND 54% OF THE SF3 has seen an average 35% price AVERAGE PRICE OF A CONDO appreciation since launching in the summer IN DOWNTOWN TORONTO of 2016 BUILDING AMENITIES • STUNNING LOBBY BUILDING AMENITIES • OUTDOOR POOL • OUTDOOR TERRACE BUILDING AMENITIES • FITNESS CENTRE & YOGA STUDIO • PARTY ROOM W/ FULL SIZE KITCHEN & DINNING AREA, LOUNGE, BILLIARDS TABLE, SERVERY • PET SPA BUILDING DETAILS • 17 STOREYS • 275 SUITES W/ BALCONIES, TERRACES & PATIOS • SUITE TYPES: 1 BED, 1 BED+DEN, 2 BED, 2 BED+DEN, 3 BED • SUITE SIZES: 516 SF – 1,033 SF • PROJECTED OCCUPANCY: MARCH 2021 AWARD WINNING TEAM • ARCHITECT: KIRKOR ARCHITECTS • INTERIOR DESIGN: FIGURE 3 • LANDSCAPE ARCHITECT: TERRAPLAN LANDSCAPE ARCHITECTS • SALES: IN2ITION REALTY BROKERAGE • ADVERTISING: MONTANA STEELE UNIVERSALCITYCONDOS.CA.