What real estate cycle is Oshawa, Ontario in?
Real estate works in cycles, it always has and always will. There is no way to beat the cycle but knowing which cycle you are in is crucial as it allows you to make sound investments decisions based on the real estate investing strategies you employ.
As a member of Durham REI I have access to information and statistics specific to the Durham Region. We recently discussed the real estate cycle and where Pickering, Ajax, Whitby and Oshawa currently are, along with projections for population growth in the Durham Region.
So what do the numbers say? The numbers say Durham Region is in the end of a recovery phase in the real estate cycle. This means we are approaching a boom! At the end of a recovery phase we see low vacancy rates, decreasing days on market, and a decrease in the number of listings among other things.