Real Estate Investment Network (REIN) released a report in March ranking Ontario’s largest metropolitan area regarding its stability and performance for the investment in the coming five years.
REIN has been providing independent research on the housing market for the last 26 years and has earned a reputation of a dependable source. The report looked at multiple factors, including rent and vacancy rates, housing prices and affordability, GDP and population growth, economic health and several others.
REIN ranks Ontario’s top cities
REIN ranked the following cities in order of potential for housing market over the coming five-years:
2) Kitchener -Waterloo-Cambridge
6) Durham Region
10) Grimsby and St. Catharines.
REIN also cited the following cities as honorable mentions, in no particular order:
REIN’s report – source of information for investors and buyers
The report provides useful information both for investors and buyers. It shares information which investment strategies and tactics will be the most, or least, adequate.
The report also provides answers to home buyers about the question of whether or not it is a good time to sell and buy.
Don. R Campbell, senior analyst at the Real Estate Investment Network says with several unusual circumstances affecting the economy and housing market, it’s more important than ever to have plenty of data when making home investment decisions.
“This is the first time in the over 26 years of producing these reports that there are so many wild-cards in play each of which can have a direct impact on the housing markets across the province,” he said, “that is why now, more than ever, it is important for home-buyers, investors and developers to dig deeper into their research before making a decision. That is why we have factored in 36 different components for each city as we uncover the least risky markets in the province”.