Oshawa is the largest city in the Durham region, located on the shores of Lake Ontario, about 60 kilometers east of Toronto. It's popularity is the reason behind a high demand for condos for sale in Oshawa. The city is better known as "the automobile city of Canada" as General Motors Canada established its headquarters in the city back in 1876. Today, Oshawa has more than 160,000 homes along with a large combination of several local businesses and entertainment attractions. There's a clear indication of records that state that the entire Oshawa area is largely people-centric and is hence in high demand.
The city is renowned for the intrinsic entertainment attractions; from live performances and movies at the historic Regency Theater to sporting events like hockey and lacrosse at the General Motors Center. Oshawa is connected to Golden Horseshoe City by the GO Transit railway from Toronto to Niagara. It is the fastest growing region in Ontario, and Oshawa is one of the leading cities, making it a place to focus on future values and trends.
Oshawa is generally considered to be the eastern anchor of GTA and Golden Horseshoes. It is the largest community and economy in the Durham region, making Oshawa condos for sale a top priority. In 2016, there were around 167,179 people, registering an increase of 13.5% in ten years. There is no reason to expect growth to slow down, because GTA is one of the most attractive places in the world and Oshawa being an important part of it is witnessing a boom in its economy.
For investors, one of the best things about Oshawa is that its median household income is very high, making the housing market a lucrative alternative. This makes the city not only a good place to invest in high-income apartments, but also creates an excellent opportunity to resell homes. The city's economy was once dominated by the auto industry, but new opportunities in the region are becoming more common. This is due to the existence of Lakeridge Health Oshawa, Lakeridge Health and Educational Research Network (LHEARN Center), and Oshawa Clinic, the largest multi-specialty medical group in Canada.
Another factor that has doubled the scope of condos for sale in Oshawa is its institutions of higher education. Durham College, Trent University Durham, and the University of Ontario Institute of Technology are the city's three campuses incorporating more than 40,000 students each year, who look upto cheap housing opportunities. All of these students need to live somewhere and their best search result is generally a bedroom house in Oshawa.
Recently, there has been a growing demand for condos for sale in Oshawa, which has enhanced the overall value of the housing market of the city and has made it look like a freehold. If you are sure of buying your home in Oshawa, then consider buying a 2- 3-bedroom condo, as this type of home is the most ideal form of housing and can be found anywhere in the city. You can read more about condos for sale in Oakville here.
As the city is growing with time and age, so is the demand for condos for sale in Oshawa. With time, the city has registered tremendous scope for growth and development, leading to the advent of more and more properties under MLS listings. Oshawa incorporates a variety of appealing neighborhoods, out of which the most popular ones include Donevan, Eastdale, Lakeview Park, North Oshawa, Central Oshawa, Pinecrest etc.