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Oshawa Condos Rise in Value by Nearly 50%; Officially Becomes GTA’s Hottest Market
Author:
Robert Van Rhijn
Publication date:
June 4, 2022
Article Summary:
Oshawa Condos Rise In Value By Nearly 50%; Officially Becomes GTA's Hottest Market
Oshawa is the hottest market to emerge from the COVID-19 pandemic.
Oshawa's condominiums have surged in value since the pandemic began.
Oshawa condos tend to have more spacious layouts, compared to those in Toronto.
Oshawa has one of Canada's fastest-growing populations.
"Given today's migrational trends, it's not surprising to see Oshawa, and Durham Region as a whole, outpace the rest of the GTA. Whitby, for example, may not be as hot as Oshawa. But it, too, is seeing an increase of 20% in property values over the past year," says Robert Van Rhijn, Broker of Record at Strata.
She says Oshawa has become the big beneficiary of Toronto's red-hot market.
"The average selling price for a condo in Toronto is well over $700,000. That's why Oshawa has become an attractive option. Not only can you buy property here for much cheaper, but you're also getting in on a market with long-term possibilities for profit," says Pereira.
Keywords:
Oshawa real estate, Oshawa condos, Oshawa townhomes, Oshawa homes for sale, Oshawa investment properties, Oshawa real estate agents, Durham Region real estate, condo buildings in Oshawa, cheap condo buildings in Oshawa
Source Citation:
Robert Van Rhijn
Oshawa Condos Rise in Value by Nearly 50%; Officially Becomes GTA’s Hottest Market
June 4, 2022
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