March 24, 2015 – The latest edition of MoneySense magazine has included Oshawa as one of the best places for real estate deals in Canada. MoneySense compared the top 35 cities in Canada based on housing value, price momentum, economic strength and rental income potential. Durham/Oshawa ranked 10th overall.
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.”
For more information, visit: www.moneysense.ca/property/best-deals-in-real-estate-2015-canadas-best-cities-to-buy-in.
For updates on the City of Oshawa, visit www.oshawa.ca or follow “OshawaCity” on: Twitter and Facebook.