A new report from independent research think-tank Real Estate Investment Network (REIN) ranked Ontario’s largest metropolitan areas in terms of 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:
- Kitchener -Waterloo-Cambridge
- Durham Region
- Grimsby and St. Catharines
REIN also cited the following cities as honourable mentions, in no particular order:
- Niagara Region
- Thunder Bay