A new report from independent research think-tank Real Estate Investment Network (REIN) ranked Ontario’s largest metropolitan areas by real estate market performance and suitability for investment over the next 5 years.
In terms of growth, diversity, and fundamental strength, Ottawa came out on top of the wide-ranging survey, which looked at multiple factors including economic health, employment numbers, GDP and population growth, housing prices and overall affordability, rent and vacancy rates, and several others.
Read more: This hidden gem fetches one of the highest ROIs in the GTA
REIN ranked the following cities in order of their housing market strength and potential performance over the next half-decade:
- Ottawa
- Kitchener -Waterloo-Cambridge
- Hamilton
- Barrie
- Brampton
- Durham Region
- Toronto
- Kingston
- Orillia
- Grimsby and St. Catharines
REIN also cited the following cities as honourable mentions, in no particular order:
- Milton
- Niagara Region
- London
- Thunder Bay
- Vaughan
- Chatham
Related stories:
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