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Oshawa Condos Rise in Value by Nearly 50%; Officially Becomes GTA’s Hottest Market

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.


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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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