Overview of Whitehorse, the Capital City of Yukon Territory, Canada

Real Estate in Toronto

January 8, 2023

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Whitehorse is the capital city of the Canadian territory of Yukon. Located in the southern part of the territory, it is the largest city in Yukon and the only city in the territory with a population over 20,000.

Whitehorse is known for its beautiful natural surroundings, with the majestic mountains of the Coast Range and the winding Yukon River running through the city. It is a popular destination for outdoor enthusiasts, with numerous trails for hiking, biking, and skiing in the nearby mountains, as well as opportunities for fishing, boating, and camping along the river.

There are several must-see attractions in Whitehorse, including the S.S. Klondike National Historic Site, which showcases the history of the gold rush era in Yukon. The Yukon Wildlife Preserve is another popular attraction, with a wide variety of Arctic and sub-Arctic animals, such as caribou, lynx, and wolves, on display in their natural habitats. The MacBride Museum of Yukon History is also worth a visit, with exhibits on the history and culture of the territory.

One of the best places to visit in Whitehorse is the Takhini Hot Springs, a natural hot spring located just outside of the city. The hot springs are a popular spot for soaking in the warm, mineral-rich waters and relaxing in the peaceful surroundings. Another great place to visit is Miles Canyon, a beautiful canyon with hiking trails and stunning views of the river.

For those interested in shopping, Whitehorse has a number of local boutiques and artisan shops, as well as larger chain stores. The Whitehorse Farmers’ Market is also a popular destination, with vendors selling a variety of locally grown produce, crafts, and other goods.

The real estate market in Whitehorse has been stable in recent years, with a moderate demand for housing and relatively low housing prices compared to other major cities in Canada. The average price for a single family home in Whitehorse is around $640,000, although prices can vary depending on the location and size of the property.

In the third quarter of 2022, the total value of real estate transactions in Yukon was $142.1 million, with $115.1 million in Whitehorse and $27.0 million for the rest of the territory. During this time period, the average sale price for a single detached house in Whitehorse was $701,200, a 6.8% increase from the same period in the previous year. The average condo sale price in Whitehorse also saw a 6.8% increase, reaching $487,200, and a duplex had an average sale price of $562,200.

Overall, Whitehorse is a vibrant and welcoming city with a rich history and a strong sense of community. With its beautiful natural surroundings and numerous outdoor activities, it is a great place to live or visit for those who love the great outdoors.

In April 2022, the median rent for units in multi-unit buildings in Whitehorse was $1,150 and the vacancy rate was 0.8%. This represents a $50 increase in median rent and a 1.1 percentage point decrease in the vacancy rate compared to October 2021. For all types of rental units in Whitehorse, the median rent was $1,300 and the vacancy rate was 1.4%.

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Arsh Syed, a real estate agent in Toronto, offers services to help property owners buy, sell, or rent their homes and manage the transaction.

He aims to establish relationships and provide exceptional service to improve the housing crisis in Toronto. By hiring him, property owners can reduce risks, save time, and save money.

For more information about his services, you can visit https://www.real-estate-in-toronto.com or contact (416) 844-2217.

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Overview of Whitehorse, the Capital City of Yukon Territory, Canada

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