The City is experiencing a period of unprecedented growth. Economic Development Services is tracking over $4.7 billion in current development and proposed investment in the city. This year, the Conference Board of Canada projects that Oshawa will have the fastest-growing economy among mid-sized Canadian cities. Oshawa’s unemployment rate has also reached its lowest point in a decade.
“We’ve reinvented ourselves as a community” said Oshawa Mayor, John Henry, adding “that strategic investments have been made in universities and colleges, boasting 20,000 full-time students at three post-secondary institutions, as well as the largest, multi-specialty medical group practice in Canada”.
“This Oshawa renaissance is in full bloom” says Kyle Benham, Director of Economic Development at the City of Oshawa. This is due in no small part to our on-going economic transformation grounded in diverse and growing sectors. Investments in new community assets like Lakeridge Health, including its leading-edge research and teaching facility LHEARN), recent and proposed expansions at Durham College, UOIT and Trent University Durham and new transportation infrastructure are fueling the transformation of Oshawa into a thriving hub of advanced manufacturing, education, innovation and health services.
With some of the best investment opportunities and business costs in the GTA – it’s no surprise that realtors and developers are looking to the east GTA for their next investment.