New Pre Construction Condos in Oshawa For Sale
Welcome to Oshawa, Canada’s Motor City. Real estate is exciting and full of opportunities. Oshawa is now a top spot for investors, homebuyers, and people seeking a lively community in the GTA.
The Oshawa Advantage
Oshawa’s growth story is impressive. From 2006 to 2016, Oshawa’s population grew by 13.5%, with 167,179 residents moving in. In addition, Oshawa has a low unemployment rate of 6.4%, which is below the national average. In fact, it was ranked the best place in Canada to find work by the Bank of Montreal.
Once predominantly known for its automotive industry, Oshawa has diversified its economic landscape. Today, it’s a top medical leader with advanced hospitals and centers. Additionally, Oshawa plays host to over 40,000 students annually who enroll in one of its esteemed post-secondary institutions, such as Durham College, Trent University, and the University of Ontario Institute of Technology. More students mean more housing demand.
Investing in Pre Construction Condos in Oshawa
The real estate market in Oshawa has been consistently growing. Home prices rose by 18% from 2016 to 2017. The average home price reached $525,490 during this period. This positive trajectory is encouraging for investors seeking both short-term and long-term gains.
The city’s condo market is hot for two and three-bedroom units for rent or sale. Investors from the Greater Toronto Area are quickly purchasing properties in Oshawa. Oshawa has a strong economy, good infrastructure, high average income. It’s a great place to invest in real estate.
Why New Condos in Oshawa Make Sense?
Oshawa is known for its abundant opportunities and possibilities. The city has a good job market with major companies, research centers, and schools.
Oshawa offers a wide range of attractions for visitors to enjoy. Oshawa has vibrant festivals, beautiful parks, and dining options for everyone. Oshawa has beautiful views of Lake Ontario. It’s a great place for leisurely walks or picnics. Downtown Oshawa has a variety of restaurants to suit everyone’s tastes. Additionally, art enthusiasts can appreciate performances.
How Does Summer Influence Canadian Real Estate? – Answer
Oshawa: A City on the Rise
Oshawa real estate prices rise, ideal for homebuyers and investors. The city’s convenient location near Toronto boosts its appeal.
Oshawa has a high quality of life with top-tier schools, colleges, and universities. The city grows due to green spaces, golf courses, and being near the water, making it desirable.
Oshawa Real Estate Market Trends
The real estate market in Oshawa is thriving, with rising home sales and prices. The city’s location, transit options, and green spaces attract people. New developments, such as the opening of a new casino, will increase demand.
Homebuyers priced out of Toronto are turning to Oshawa for affordable housing. The city has many housing options like condos and townhomes built by top builders.
Investing in Oshawa Real Estate Market
Oshawa is a city poised for growth. Population to grow 16% in 10 years, leading to job growth and new housing opportunities. Oshawa is a great place to start a business. It has key sectors like manufacturing, energy, health, IT, and logistics.
Investors can tap into Oshawa’s diverse job market. It includes health and biosciences, advanced manufacturing, and IT. Oshawa’s energy sector boosts its economy, providing 30% of Ontario’s power.
Average Prices for Condos in Oshawa
Oshawa condos average $338,921, appealing to those seeking affordable housing in GTA. Rental rates begin at $1,700, and both renting and buying condos are in high demand.
The city’s condo apartment price is $391,300, increasing each year. It’s a good time for investors to explore the market.
Transit and Accessibility in Oshawa
Oshawa offers a range of transit options for residents, ensuring seamless connectivity. DRT serves all Durham Region cities: Ajax, Pickering, Whitby, Scugog, and Uxbridge. GO Transit also offers train and bus services from Oshawa to the GTA and beyond. VIA Rail Canada provides train services to other parts of Canada, improving access.
Highways 401, 407, and 412 connect well, and streets like Dundas St E and King St E make city travel easy. Oshawa also has Oshawa Executive Airport for corporate and general aviation.
Neighbourhoods in Oshawa
Oshawa has 20 diverse neighborhoods, each with unique housing choices. Choose condos or townhomes in Oshawa to match your preferences.
Lakeview, by Lake Ontario, offers homes like bungalows, townhomes, and new builds. In Central Oshawa, the downtown area has old buildings turned into condos. Here, you’ll find a mix of detached houses, boutique condos, and high-rise condos. The neighborhood offers many dining, shopping, and entertainment options for residents. It’s an exciting place to live. Just north of Central lies the newly established neighborhood of Samac. Samac primarily features detached homes but also includes newer townhomes and condos. The community has easy access to shops and is near Durham College and Ontario Tech. Vanier is situated on the border between Oshawa and Whitby. It boasts affordable homes near schools, stores, and recreational areas. Vanier has one of Durham Region’s biggest shopping centers, the Oshawa Centre. It provides residents access to over 230 retailers and various shopping options.
Why Buy Pre-Construction Condos in Oshawa?
Buying a pre construction condo in Oshawa can be a smart investment strategy. Oshawa’s real estate market is booming, with affordable options in Durham and GTA. The city is a great choice for job seekers due to its growth and affordability.
The city plans to revitalize with more jobs, culture, social spaces, and new homes. The city has a vibrant culture and hosts events like the Peony Festival and film festivals. The events foster a sense of community and offer exciting local experiences.
Proximity to Education
Buying a pre construction condo in Oshawa has the advantage of being near universities. Durham College, Queen’s Univ., Trent Univ. Durham, and Ontario Tech are nearby. This provides convenient access to quality education for both students and renters.
Employment in Oshawa
Oshawa boasts a diverse and robust economy with key sectors driving employment growth. These sectors include advanced manufacturing, energy, health and biosciences, information technology, and logistics. Oshawa’s labor market and skilled workforce make it great for businesses to succeed. Some of the prominent companies in these sectors include General Motors Canada, Praxair, Orthodent, and Ontario Power Generation, among others.
The sector employs 20,041 people, incl. Lakeridge Health and Grandview Children’s Centre. Oshawa’s advanced manufacturing sector has over 15,000 employees. Companies include Fresh Del Monte Produce and EHC Global.
Transit and Accessibility
Oshawa offers a variety of transit options, making commuting convenient for residents. GO Transit connects Oshawa and Toronto. The Oshawa train and bus station also offers VIA Rail and LE services. GO Transit buses connect Oshawa to different areas of Toronto and York via highways 401 and 2.
Highway 401 goes through the city, and highways 407 and 412 provide fast travel in all directions. Major streets like Dundas St E and King St E facilitate easy travel to neighboring areas. The city’s transit is growing, with GO train to Bowmanville by 2023-24.
Conclusion
Oshawa is a great place to invest in real estate, especially pre construction condos. The city’s growth, jobs, housing, and education make it full of promise.
Keep two keywords in mind: pre construction condos in Oshawa and new condos Oshawa. They aren’t just buzzwords. They are important factors for smart and profitable investing in Oshawa.
Oshawa is a welcoming community for investors and homebuyers. You can grow your investments and establish roots here. Don’t miss out on the chance to be part of the growing success story of Oshawa’s real estate market.