7 Areas in Ontario you should look to Invest in

-

When looking at vacancy and rental rates against wage and employment growth, the best places to invest in Ontario are noted as the following.

Milton is experiencing huge growth in terms of population and the economy. Its near major highways making it attractive to commuters and has affordable housing. With continuous improvements on transportation services, Milton will continue to be an attractive place for investors.

Next up on the list is Guelph. Guelph is seeing growth in all sectors and continues to be a place that offers affordable housing. "With Guelph's record unemployment rate and recent growth, our vacancy rate is one of the lowest in the country, making this city an attractive place to invest”.

Brampton should be obvious in terms of growth regarding housing prices. Not only is it experiencing growth in terms of housing prices, but it is seeing growth in all sectors including employment and population. Furthermore, the building of the campus (between Ryerson University and Sheridan College) will bring in more people, which will create more student renters in the area.

Surrounding the GTA, Oshawa and Barrie bode well for investors.  Both are experiencing a growth in terms of pricing but it’s not nearly as bad as Toronto. “Not only is Barrie attracting a student population, its proximity to the Greater Toronto Area, as well as improving access to GO Transit, has attracted more workers commuting to and from Toronto”.  With the population increasing for Barrie, “the area is experiencing the highest price appreciation in the province, up 17 per cent from 2015 to 2016”.


This was taken from an article written by Sonia Bell and Wayne Karl from the Huffington Post.


Comments

Post a Comment

ad 2

Popular posts from this blog

The Toronto Condo Market is only getting Stronger!

-
Image
This year is dubbed "the year of the condo" by real estate agents across Canada, because of the strong performance in the country's major housing markets. The condo phenomenon is something that is happening all over North America. The performance of the GTA's top-tier condominium market eclipsed that of other major Canadian markets in both sales volume and percentage gains in 2017. Sales of $1-million-plus condominiums were up 59 per cent year-over-year within the region, with luxury sales over $4 million up 91 per cent over the previous year. In the City of Toronto, condo sales volumes in the $4 million-plus range rose 82 per cent and those in the $1-million-plus category were up 35 per cent year over year. Certainly in Toronto, Vancouver and Montreal, condos are becoming a choice in terms of where people want to live. If you’re a professional and want to live close to where you work, living in the downtown region has become a lifestyle choice now ...
Read more

The New Square One

-
Image
If you've lived in Mississauga your entire life then you have certainly seen some major changes. Get ready for some more as Square one goes under more developments in time for 2015. The southwest expansion will see the addition of many stores with a Holt Renfrew department store opening its doors in 2016. Holt Renfrew along with many others will help serve the needs of an ever growing Mississauga population, particularly in the downtown core. The rise of condo's in the center of Mississauga, coupled with the new Sheridan college campus which sees an influx of students, will see down-town Mississauga as the place to be. The square one addition has recently completed construction of their food court, and with major cinemas, Go Transit hubs, and Playdium Mississauga makes it just another enticing addition for shopaholics. For more info on the construction and some great pictures check out the link below. Square One Southwest Expansion Underway
Read more

5 things to think about when buying your first place

-
Image
1.       The growth possibilities ·         Buy a place that meets your needs. ·         Think long term because having a 5 year plan might not work out. Remember changes  happen! 2.       What’s under the hood ·          All the basic features should be in good condition. ·          Inspect the property. 3.       Know that no home will be perfect ·         The first home you buy may not be the perfect one but make it the right one. ·         Make a list of “must haves,” along with “nice to haves” and “not necessary  to haves.” 4.       Consider ALL the costs of ownership ·          Look for ...
Read more