MoneySense magazine has ranked Durham/Oshawa as one of the Top 10 cities in Canada for the best deals in real estate for 2015. The ranking refers to the Oshawa census area, which includes Whitby and Clarington.
Click on the picture below to view the full ranking! Source: MoneySense
The rankings of the country’s largest cities are based on housing value, price momentum, economic strength and rental income potential, with Durham/Oshawa placing 10th on the list of Top 35 cities in the county to buy and own real estate in now.
According to the study, the average price for a home in Durham/Oshawa is approximately $387,000, with an impressive 10-year price appreciation of 6.9 per cent. MoneySense measured real estate value using Canada Housing & Mortgage Corporation data on average home and rental prices for each of the 35 cities.
“Oshawa is one of the best places to live and invest,” said Mayor John Henry. “Residents and investors enjoy an exceptional quality of life with top-notch post-secondary options; job opportunities in growth sectors; and a wide variety of leisure and recreational opportunities. All these assets are underscored by an integrated transit network that includes Highways 401 and 407, Durham Transit, GO Transit, VIA Rail, airport and harbor. We have it all.”
“Oshawa has a robust housing market with both existing home sales and sales in new subdivisions,” added Councillor John Aker, Chair of the Development Services Committee. “There is excellent choice and value for home buyers who want to live in a healthy, safe and progressive community.”
If you are looking for a house in Durham Region or are already a homeowner and wish to move to a new house in Pickering, Ajax, Whitby, Brooklin, Oshawa, Courtice or Bowmanville, please contact me for more information. Having sold real estate in Whitby and the Durham Region for over 20 years, I have excellent market knowledge and can help you with both - the buying and selling process.
Broker of Record
Royal Heritage Realty Ltd.
Offices in Pickering and in Whitby