Popularly known as the eastern anchor of the Golden Horseshoe and the GTA, Oshawa attracts investors and homebuyers with its extensive range of high-rise and luxurious condos and other high-value offerings from its thriving real estate market.
Oshawa is a major engine of economic prosperity and infrastructural development in Southern Ontario, and it attracts millennials, homeowners, students, families, and investors with its state-of-the-art industrial and research facilities, leading healthcare and medical centers, and a robust housing market.
The community is brimming with attractive condominium, townhome, and other housing properties that attract investors and buyers from all walks of life. From an investment point of view, Oshawa’s high average household income, which ranked as the fight highest household income in Canada in 2016, and robust business infrastructure make it an immensely lucrative real estate market.
In recent years, condo developments have become increasingly popular, allowing families to carve out luxury and affordability in the prosperous real estate fabric of Oshawa. The city is a great place to invest in condos, whether you seek to live yourself, generate a rental income, or explore fabulous opportunities for resales.
Two and three-bedroom condos are high-in-demand for rentals and buying, and investors from all over the GTA region are lining up to cut a sizable slice of the cake. Oshawa is a city brimming with life, entertainment, natural beauty, and a robust economy, and condos offer its residents a contemporary lifestyle supported by state-of-the-art infrastructure and modern amenities.
Oshawa has been ranked as the best place to find employment in Canada by the Labour Market Report Card, published by the Bank of Montreal. The city’s dynamic employment market and the presence of leading corporations and employers, coupled with prestigious research centers and institutes, attract students and young professionals.
Oshawa hosts various postsecondary education institutions, including Trent University Durham, Durham College, and the University of Ontario Institute of Technology. Presently, Oshawa hosts more than 40,000 students a year who seek out rental accommodations, which benefit investors who invest in condominiums.
As more students, professionals, and families continue to relocate to Oshawa, the housing market is growing at a rapid pace. Condominium developments are presently at the center-stage of Oshawa’s real estate market, and the prices continue to rise rapidly. In 2019, the selling price for pre-constructed condos was listed at $341,400, and this year, the prices are maintained at $569 per square foot. Each year, the price increments have been observed at 1.6% and rising.
Oshawa is one of the most vibrant community in the Durham Region, and in recent years, its condominium market has gained immense popularity for high-value investments and quality housing. In Oshawa, the average household income is considerably higher than in nearby communities, which makes homeownership easier and simpler.
Unemployment rates are significantly low as compared to Toronto city and the rest of Canada, and residents enjoy superior life quality. Many families, young professionals, and even retirees relocate to Oshawa to invest in luxury condos and start their lives in this thriving and dynamic city.