Why buy real estate in Oshawa?
Through the years, the city of Oshawa has received a status as a blue collar that GM called home. The 'Shwa' they called it and never always affectionately, but this city of more than 140,000 inhabitants and home of the Oshawa Generals continues to be changing for several years now and potential home owners are starting to find out why real estate here is an excellent investment. Great home value and amazing growth is provided by Oshawa. In 2007 Oshawa even earned a gold medal from the International Awards for most Livable Communities placing Oshawa real estate in the spotlight at a global scale.
Growth, in residential, commercial and public real-estate may be seen in several areas of Oshawa from a burgeoning downtown that has numerous new restaurants, a new 450,000 square foot court room, the GM Centre, and numerous faculties of the University of Ontario Institute of Technology, to the 1000s of houses being constructed all around the city, especially in the north end or "New Oshawa" as some call real estate in that area. It's easy to see why people are starting to see the city and so are, more than ever, calling it home particularly due to the public works projects as well as the announced growth of the 407.
Value is even easier to see when you compare the prices of Oshawa real estate to Toronto houses or even other parts of the Durham Region with average sale prices under $250,000 with lots of homes in good areas available for less. Real estate is about location as always! This doesn't translate into run-down shacks, but real value for houses not much further from downtown Toronto than residential real estate in Brampton.
Oshawa is actually a city on the upswing. An expanding downtown, new job opportunities, room for real estate expansion, new schools being built, a higher standard of living and a commutable distance to Toronto have caught the attention of real estate investors in the area as well as first-time home buyers weighing the main difference in what they can afford in Toronto compared to Oshawa. In general Oshawa seems set to lead the location in growth for a while.