The Durham Advantage
Location, Location, Location. Lucky Oshawa/Durham Region offers prime access to Canada’s largest market of more than five million people in the rest of the GTA. The record setting high prices in Toronto are out pricing many homebuyers and they are having no choice but to search further out ...and Oshawa is accepting them with open arms. Even with recent 30% increases, it is still amoung the most affordable areas in the region.
A by product of all the migration out of Toronto is the positive pressure on prices in Durham Region. While this commuting community is still nicely behind the price hikes seen in some of the GTA, many families are settling in this safe, lower priced, neighboring community.
Durham’s land, location, people, infrastructure and balanced living offers a highly skilled labour force, diverse economic base and a high quality of life.
Durham Region is a perfect blend of location, attributes, resources, a skilled and educated workforce, affordable real estate and excellent quality of life.
Why should I invest in Oshawa?
Durham Region has one of the fastest growing populations in Canada with approximately 660,765 residents in 2015 and a forecasted population of around one million people by 2031. Between 2013 and 2031, the housing supply in Durham is expected to increase 62 per cent. In response to this escalating demand for housing, the Regional Official Plan (ROP) is tailored to provide a wide diversity of residential dwellings to fulfill the needs of both the present and future residents of the region.
Durham Region Market Facts (Spring 2017)
- 2016 Vacancy Rate: 2.0%
- Average MLS Residential Sale Price: $664,764
- Average MLS Days On Market (DOM): 7
- Total Market Listings (MLS): 6578
- Average Weekly Earnings (ON): $854
- Average 2 Bedroom Rent: $1519
- Unemployment Rate: 5.4%