Comment 113957

By mike (registered) | Posted September 24, 2015 at 13:17:27

A lot has changed in Oshawa since this article was written. It is not "hollowed out". I witnessed the transformation when I moved here in 2007. Downtown was revitalized by building the new Courthouse and several buildings were bought and redeveloped by the universities (UOIT, Trent, Durham College). The 407 is currently under construction. The Oshawa waterfront has been handed off to the city. The Gen's won the memorial cup. GM's economic influence has subsided to be replaced by more residents who work outside the city. It is the only city in the GTA with the lowest average home price. Even though it has the highest property tax rate in the GTA, the lower property value offsets this when compared to a same sized home in Toronto which often costs double. In the past 12 months, Oshawa had the highest rise in house value, mainly driven by new construction north of Taunton Road in anticipation of the 407 extension. There are still many good pockets in the city that offer a lot of value.

Comment edited by mike on 2015-09-24 13:19:06

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