When preparing this report, these areas were considered as crucial principles. These areas include, but are not Limited to:
1. Employment rate
2. Population growth
3. Industries / Employers
5. Transportation / infrastructure
6. People perception
7. Geographical location
8. Household income
Here are places to invest in Ontario at this time!
Kitchener Waterloo is one of Canada’s most dynamic markets. The average cost of a house in Kitchener increased by 6.1% during the first half of 2010 within the same period during 2009. The presence of large-scale companies, such as Research in Motion, Manulife, Sunlife, and Toyota, as well as two universities and a community school has had a direct effect on positive migration. The biggest, the Huron Business Park is home to several businesses from seat makers to furniture parts. Buying near a profitable big employer usually means good and security wages for workers, meaning the employees are usually good tenants. There are plans for new infrastructure, linking Kitchener-Waterloo & Cambridge, which makes it easier for commuters. The average vacancy rate in Kitchener moved lower to 2.6 percent in the Fall of 2010. It’s estimated that the vacancy rate in Kitchener will move lower to 2.4 percent in 2011.
Folks move in the Toronto downtown core to work and live. Toronto is the number one city in North America for new condominium building and accessibility. Toronto has really earned its reputation as the top market for condos in North America with more than 260 projects planned or under construction. You can have confidence that investing in the Toronto marketplace is going to be an intelligent investment decision.
Toronto provides safe haven to investor buyers that seek to get their money in a secure environment, lower interest rates and strong economic growth. But when investing, bear in mind the brand new condo costs are extremely high and might be costing you approximately $500-$600 per sq.ft.
On the other hand, a current condominium or townhome may cost you $200 less per sq.ft. than a brand new condo. Being an investor, you should be looking for a below market value with positive cash flow properties. Together with the University of Toronto, Ryerson University and York University being the 3 major campuses in Toronto, rentals are in high demand.
Young people looking for a downtown lifestyle, empty nesters downsizing and people tired of commuting all make Toronto extremely popular and a perfect spot for investing. The important thing is to invest in below market value properties, which would provide equity and appreciation over a time period.
Mississauga is one of the fastest growing cities in Ontario, Mississauga has tens of thousands of organizations, which range from corporate head offices to small retail businesses. The town stands as an economic leader in the Province of Ontario and the nation as a whole.
With population of over 700,000 and over $30 billion GDP, Mississauga is the third biggest economy in Ontario and sixth largest in Canada. The city also boasts one of the very well educated populations in Canada with an impressive 59% holding a post-secondary degree or diploma.
Growing population base, community diversity, talented labour force, higher average incomes, technology-driven market, regional employment center, post-secondary education and research programs, multi-modal logistics infrastructure, extensive cultural resources, small business and entrepreneurs, evolving health and life sciences industry and diverse finance and insurance industry makes Mississauga among the greatest cities to put money into.
The expense of a typical suburban house in Kingston averages at approximately $251,624, an increase of roughly 3.6% since September 2009. If you can get enough bedrooms from these, they may rent for about $450 each. There’s a strong demand for rental units in this field because of Queen’s University and St. Lawrence College, because of little or no construction of new rental units lately.
Brampton is the 11th largest city in Canada and 3rd biggest city in the GTA and is one of the top 10 most active building markets in the nation. Brampton is situated within the Greater Toronto region – Canada’s economic engine.
Having a modern infrastructure, a vibrant workforce, and instant access to a broad network of trans-continental highways, seaways and Canada’s Pearson International airport, Brampton is connected to international markets and prepared for company challenges of any size. Downtown development activities are fostering Brampton’s cultural and economic vitality.
Burlington is one of Canada’s fastest growing communities. Burlington’s economy isn’t dominated by any single company or business. Burlington’s financial strength is the diversity of its economic base, largely achieved due to its geography, proximity to large businesses in Southern Ontario (Canada’s largest consumer market), its relationship with the Greater Toronto area market and Hamilton and its transport infrastructure. The town has a strong economy with potential for future expansion.
GREATER TORONTO AREA
Greater Toronto is growing and so does the demand for leases. The growing size and degree of employment of the 25 to 44 inhabitants was a significant contributor to the growth in demand for leases. Population trends available at the Provincial level for the first half of 2010 imply that immigration is up 20 percent in comparison with the first half of 2009.
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