This Unexpected City Is Putting Toronto To Shame With Its Exploding Condo Market

Condo sales have gone up nearly 50% in just the past year! 🚀
Oshawa's Condo Market Is Exploding & Putting Toronto To Shame
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Staff Writer

Ontario is home to some of Canada's most affordable neighbourhoods, but that's beginning to change for one city in particular.

According to a new report from Strata.ca, Oshawa's condo market is blowing up more than anywhere else in the GTA — even more than Toronto!

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The report says that Oshawa's condo sales went up by nearly 50% since last February, miles above the average property value growth in Mississauga (6%), Brampton (11%), Vaughan (5%), and Toronto (3%) combined.

The average condo in Oshawa costs $483,000 according to the report — which, compared to Toronto's average of $722,00, is a great deal.

"Oshawa is no longer that sleepy bedroom community you once knew," said Strata's Broker of Record Robert Van Rhijn.

"I used to hear a lot of Toronto homebuyers swear they’d never go past Pickering. But with today’s remote working options, I’m seeing more clients push their geographic boundaries and wonder what’s further east."

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  • Cormac O'Brien
    Cormac O'Brien was an Associate Editor at Narcity Canada, covering all things exciting and trending about Canada. He has a Bachelor of Fine Arts in Creative Writing and Journalism from the University of Victoria, where he served as the Editor-in-Chief of the campus newspaper and was awarded the BCYNA Community News Scholarship for his writing. He was also the producer and co-host of Now On Narcity, Narcity's flagship podcast.

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