Where's the top place to invest in Ontario?

Kitchener and Cambridge are sharing the leading spot on the Real Estate Investment Network’s 2014 list of the top 10 Ontario cities in which to invest over the next five years.

“The [Kitchener and Cambridge] region is morphing into a high-tech and life sciences mecca,” REIN president Don R. Campbell wrote in the report. “The presence of world-leading companies such as Microsoft and Google attest to the R&D capabilities and significant competitive advantage the region has to offer. Major transportation improvements over the next five years will entice even more businesses to locate within the region as commute times and inner-city congestion are reduced."

 

In-migration is also strong, notes the report, with average incomes strong, the available older housing stock good and overall job growth impressive.

 

The two communities will remain part of the economic expansion of Ontario for the foreseeable future, concludes REIN.

 

The network's findings are based on such factors as the area’s population growth, new infrastructures, job creation, political leadership and transportation improvements.

Hamilton, Barrie, Waterloo and Brampton rounded out the top five, with Ottawa picking up sixth place, followed by Vaughan, Durham Region (which includes Whitby, Pickering and Ajax), Toronto in ninth place, and Milton closing the top 10.

 

Orillia just barely missed the cut in eleventh.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Investment Hot Spots:
Richibucto, Tugaske, Shippagan, Summerford, Sydenham

COMMENTS

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?