Why Should You Invest In Oshawa Real Estate?
Real estate prices in Oshawa are on the rise and the market is seeing a boost in sales. The city is expected to see continued growth in real estate in the coming months. Oshawa is a top city to live in with its many attractions, amenities and proximity to Toronto. It is the largest municipality in the Durham Region and has many top schools, colleges and universities. The many amenities of Oshawa and abundance of natural beauty are contributing factors in making it a highly desirable city to live in. Potential homebuyers are finding a variety of affordable housing options in Oshawa, whether it be condominiums, townhomes, semi-detached or detached homes.
The average house price in Oshawa stood at $511,308 as of December 2018 with a yearly increase of 6.4%. Increased housing demand in Oshawa is also attracting more builders to the city. New condo developments, the opening of a new casino, excellent transit, and the presence of various top universities and colleges are slated to make Oshawa one of the most attractive cities to invest in.
Oshawa is a popular choice for first-time homebuyers and repeat homebuyers, the trend that is likely to continue with more real estate and city developments taking place in the near future. With real estate prices growing in the area, it is the right time to consider buying a property in this amenity-rich city.
Having a population of 159,458 as of 2016, Oshawa is seen as the eastern anchor of the Greater Toronto Area and the Golden Horseshoe. The city has an industrial past and is home to many large companies and businesses. Oshawa’s downtown core has more than 5,000 people working there and more than 2,400 university students studying. It is also a centre for entertainment and sporting events, and has numerous eateries. A green city, Oshawa has a number of golf courses and greenspaces. Lakeside parks, creeks and lush greens along Oshawa Creek are perfect places to relax. The city has shopping malls, supermarkets, stores, recreation centers, movie theatres and every amenity for a modern lifestyle.
Steadily rising demand for real estate in Oshawa is mirroring in the number of sales. Durham Region remains one of the most balanced markets.
Oshawa Real Estate Market Trends
There is an upward trend in the real estate market in Oshawa with sales of homes rising up. The market is stable with consistent rising demand in real estate. Oshawa has many advantages such as a growing education sector, modern amenities, excellent transit, and an abundance of greenspaces. Its proximity to Toronto is another major contributor to rising real estate prices and sales. More developments, including the opening of a new casino, is expected to further boost demand.
More and more homebuyers are finding it difficult to afford a condo in Toronto and are looking at amenity-rich cities such as Oshawa for buying a home. Oshawa offers affordable housing with a variety of choices, including condominium units and townhomes by some of the top developers. Over the last five years, the Oshawa market is attracting a steady number of homebuyers who are looking to move to Oshawa. Offering its residents all amenities, proximity to vast green spaces and the waterfront, top educational centers and convenient transit, Oshawa is one of the best cities to live, work and play.
Oshawa Transit Options
A variety of transit options make commute most convenient for the residents of Oshawa. GO transit offers connectivity between Toronto and Oshawa. Oshawa train and bus station located at Bloor St W offers VIA rail and LE services, and bus service. GO transit buses run along Hwy 401 and Hwy 2, connecting to areas of Toronto and York. An extension of GO train service from Oshawa to Bowmanville is planned, which includes extending the train network by approximately 20 km and building of four new stations by the year 2023-24.
Hwy 401 runs through the city, and Hwy 407 and Hwy 412 offer fast commute in any direction. Major streets such as Dundas St E and King St E allow speedy travelling to neighbouring areas. An extension to Hwy 407 will push the highway further east by 2020, with a second link to Highway 401 known as Highway 418.
New development projects in the nearby area are Scarborough Condos, Pickering Condos and Ajax Condos.
Price:From the mid $500,000's CADCompletion:2020No. of units:134Developer:Podium Developments, Building CapitalAddress:1569 Simcoe Street North, Oshawa ON L1G 4X8Added to Compare ListCompare