I’m here to tell you that it’s not a secret anymore…. Investing in Oshawa real estate is going mainstream! Once only considered a blue collar town without anything other than a mall, a General Motors plant, and a few homes it is now one of the hottest investments in the Greater Toronto Area. Low property prices, lots of expansion, a new university, and room to grow are just some of the reasons buyers are flocking, not just from the immediate area, but from other provinces, the United States, and even other countries. The simple fact is that Oshawa is on the map in the eyes of the real estate investor.
From the standard “buy and hold” that investors have used for years, to flipping or student housing there are many opportunities. I know what you’re thinking “I can’t afford to invest in Oshawa real estate” while you might be surprised. From lowly $100,000 condos to large multiplexes there is something for everyone. If you don’t have the cash on hand to put towards your down payment, but you own your own home there is even a chance you can use the equity you have built up towards the down payment. Then you’re not out any cash and you have a property that is carrying itself and you do not have to put additional monies into every month.
Unlike many parts of the world Canada, with its resource richness and conservative banking system, has escaped the recent downturn nearly unharmed and investors have taken note. With the current problems in the U.S. and the looming debt problem in the E.U. isn’t everyone looking for a safe haven for their money? Look no further! You’ve found it!
Simply put Oshawa real estate is a sound investment with a great opportunity for returns as the market grows and your mortgage is paid down by your tenants. Whether it’s a hands off multiunit building with a property manager, a condo where the maintenance is taken care of for you by the monthly condo fees, or a do it yourself duplex there is no time like the present to start looking. Call a local realtor or just Google Oshawa real estate to start your home search off right.