As per the Canadian Real Estate Magazine, great growth potential in Oshawa has investors looking to this area 60km east of Toronto. As General Motors has been at the forefront of the Oshawa economy, many wrote off the area in 2009 with the plant closing. But Oshawa not only survived, but thrived since. Oshawa has a diverse economy with affordable property values and a growing university.
For an investment, look to the downtown with the expanding UOIT and General Motors Centre with sold out concerts. Expect and average rent of $975. And look to the north for investment where there can only be benefits from the expanding 407. Where rents average $1655. Better than the City of Toronto average of $1300.