These are the following areas considered as the key fundamentals while realty experts prepare reports. Here are the 6 great places for investing in real estate markets in Ontario.
Usually, people love moving to Toronto to work and reside in. It is the number one city in Canada, which is famous for condo construction. Toronto has also earned utmost reputation as there is more number of projects under construction. You can confidently invest in Toronto marketsas it will always be a smart decision. Toronto is a heaven for the investors with deep pockets, because they invest peacefully invest their money in a place with strong economic growth, and low interest rates. However, you need to keep in mind that the prices for condos are very high, though the rate of returns is also equally high too.
Kitchener Waterloo is one of the most dynamic economies present in Canada. The average price of a home in Waterloo has increased by 6.1% during the year 2011. Presence of large scale employees, universities, and community colleges has great impact on the migration. New infrastructure connecting Kitchener-Waterloo with other parts of Ontario makes it easy for all commuters, and a popular choice to reside in.
Mississauga is also one of the best as well as fastest growing cities. The city has got several companies, ranging from small to corporate head offices. This particular city stands as the economic leader when you speak about the Ontario province. Houses for rent in Mississauga has got very good demand in the recent past.
With population more than seven hundred thousands, it is the 3rd largest in Ontario and 6th largest in Canada. The city boasts of well educated population with impressive percentage.
The cost of a suburban home in Kingston is approximately around USD 251,624 with an increase of approx. 3.6 percent since Sep 2010. You can see strong demand for rental houses and the average rental value is the range of USD 450.
Brampton is the eleventh largest city and it is the largest city in GTA; it is in the list of top ten construction markets in the country. This particular city is located in Greater Toronto area.
With great modern infrastructure, immediate access to major areas, and vibrant workforce, Brampton is connected to the global markets and they are ready for all kinds of business challenges of any size. Downtown development activities will certainly boost Brampton’s cultural and economic vitality in the coming years.
Burlington is aquickly growing community in Canada. The city’s economy is not dominated by a sector or a single multinational company. The economic strength in Burlington city is the diversity of the economic base, and that is because of the geography, and its relationship with Greater Toronto. So, it certainly makes a great pick for realty investments.
Barrie is a prime destination to live in Ontario. The average home price has been increasing rapidly over the last 10 years. But, still it isn’t as costly as the other prime areas like Toronto. So, even an average Joe who doesn’t have deep pockets can afford to invest in a property in Barrie today.
Author Bio – Anthony Ruben is an experienced realtor who has been operating in the Canadian realty markets since 2001.He advises new investors to put their money on rental properties in areas like Mississauga, which have high growth prospects.