Best Places to Invest In Real Estate InGTA Ontario 2020
Tuesday Jun 02nd, 2020Share
Investment in real estate can ensure higher profits and only if you do it right. For some, the budget makes a huge difference, but most importantly, numbers have to work for you as well. While others prefer to consider proximity – Is the property close to them? Because it becomes easier to keep an eye on things and making the rental easier.
A new decade is upon us, and if you have been planning to invest in real estate – what could be the better time than now? So, stop talking about investing and actually start doing it. Every year, there are different factors to look for when investing in real estate. Is a town seeing higher employment rates? Where are new businesses moving in? Is a town’s population growing? And so on.
For 2020, here is a list of the best places to invest in real estate in Ontario. Let’s have a look together!
01 - Toronto
Toronto, the capital city of Ontario, is on the radar even this year as well. Although the metropolis city is the priciest place to invest, it can still be a profitable long-term investment. Toronto continues to grab the attention of students, businesses, and immigrants. Having the best universities in the world, there is a drastic increase in international students, increasing 18% from last year.
The city is home to several best universities, including Ryerson University, George Brown College, York University, Seneca College, and many more. Both domestic and international students choose to work and live in the GTA. Hence, there is a remarkable improvement in real estate growth in GTA. It is highly beneficial to invest in this region of Ontario.
Average HousePrice 2020
Single Detached: $1,144,800
02 - Halton Hills
Halton Hills is located in the northwestern end of the GTA. This suburb has been continually growing since its establishment in 1974. It has become a popular region among people due to its proximity to Toronto (with regular GO Train access) and small-town charm. As of 2016, it has a population of 61,000 and increasing. Although it is a small town compared to its neighbouring cities, Halton Hills is ready to welcome more and more people to call the city their home.
In recent years, active development and infrastructure projects have taken place, making it an ideal place for rent. There’s a demand for rentals because ofonly a few options available there for renters right now.
Halton Hills has become a desirable community with office buildings, subdivisions, condominiums, improved water services, and repaired schools which boosts real estate growth in GTA region.
Average House Price 2020: $772,454
03 - Durham Region
The Durham region is home to Oshawa, Pickering, Ajax, and Whitby. It is located in the eastern part of the Greater Toronto Area. People who want to lead a suburban lifestyle are moving here in this region.
Lakeshore East line of the GO continues to develop with improved services for individuals heading into the city. As Toronto continues to build up - these towns are seeing positive growth from migrants and new businesses who are looking for more affordable real estate near the city.
Average House Price 2020
04 - Guelph and Kitchener-Waterloo
Guelph was ranked #1 on The Bank of Montreal’s list of best cities in Canada for new work opportunities. There is a low rate of unemployment and has several job opportunities in this former farm town.
The University of Guelph is finishing up an expansion of its Health and Veterinary Science department. Not only that, several schools are under renovation. Stormwater systems are being fixed; improvements are being made to the snow disposal facilities. These improvements may seem small or unnoticeable, but they are essential to keeping Guelph a top city to live and work.
On the other hand, Kitchener-Waterloo, located in southeastern Ontario, is ranked #4 on the BMO’s list. The city has a growing tech industry, universities, and health care all flourishing in the region. With the Kitchener GO expansion, more people will bound to be moving into the area.
Average House Price 2020: $540,900
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