Barrie and Orillia are among a list of 10 Ontario cities expected to outperform the province’s housing and rental markets over the next five years, even in the face of dramatic increases in property value.
The report, Real Estate Investment Network’s (REIN) Top 10 Ontario Cities, is designed to help homebuyers, sellers, developers and investors decide whether now is a good time to buy or sell a property in their target city. The detailed report provides additional analysis that concludes where each market is in the real estate cycle and what to expect as the cycle continues.
Ranked in order of potential for housing market strength:
6. Durham Region
10. Grimsby and St. Catharines
Receiving honorable mentions, in no particular order, are Milton, Niagara Region, London, Thunder Bay, Vaughan and Chatham.
“This is the first time in the over 26 years of producing these reports that there are so many wildcards in play, each of which can have a direct impact on the housing markets across the province,” says Don R. Campbell, REIN senior analyst. “That is why now, more than ever, it is important for homebuyers, investors and developers to dig deeper in their research before making a decision. That is why we have factored in 36 different components for each city as we uncover the least risky markets in the province.”
Visit reincanada.com to learn more.