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.
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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:
Ephraim is currently a journalist at Mortgage Broker News, Real Estate Professional and Canadian Real Estate Wealth.
Ephraim is a highly accomplished news reporter whose work has been published across North America and the Asia Pacific region. Before joining Key Media, Ephraim spent eight years working as a journalist with Reuters TV. His areas of expertise include real estate, mortgage, and finance.
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