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Pickering (2016 population 91,771) is a city located in Southern Ontario, Canada, immediately east of Toronto in Durham Region. It was occupied for centuries by the Iroquoian-speaking Huron (now known as the Wyandot).
Beginning in the 1770s, the area was settled by primarily ethnic British colonists. An increase in population occurred after the American Revolutionary War, when the Crown resettled Loyalists and encouraged new immigration. Many of the smaller rural communities have been preserved and function as provincially significant historic sites and museums.
Canadians purchase homes for a variety of reasons. Some want the stability of owning their own home, while others also look at home ownership as an investment vehicle. No matter what the reason, the truth is that home ownership has proven itself to be a good stable investment over time, and one which many Canadians are profiting from.
While many people have chosen to purchase their first home during these times of lower interest rates, there has also been a large movement to refinance home loans and pull out equity for home improvements, investments, college expenses, and even high-interest debt consolidation. Canadians have been borrowing against their home’s equity in record numbers, taking out billions of dollars in cash each year.
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