Oshawa New Build Statistics
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Oshawa New Builds
With a population of about 180,000, Oshawa has been recognized as one of the fastest-growing communities in not just the Durham Region but the province, especially after 2020. This beautiful city is appealing for a multitude of different homebuyers who live a variety of different lifestyles, characterized by excellent amenities, a lakefront location, and charming neighbourhoods. New builds and planned developments have boomed throughout this region, although much of the expansion is limited to the north and east ends of the city.
As Oshawa is the largest Durham Region community, new builds encompass a wide range of styles, property types, and price points. In the downtown area, modern condos occasionally pop up on the real estate market. With central locations, these make a great option for younger buyers who need to live close to work. However, these buildings can sometimes be limited to rentals only, so those looking to buy might have some difficulty.
The neighbourhoods surrounding the downtown have a definite suburban feel. A popular choice for families, these neighborhoods are often quite quiet and safe, with school located nearby for the kids. New subdivisions and developments often appeal to the first-time buyer, or for families moving eastward out of Toronto, as they are often more affordable. That being said, the real estate market across the GTA is quite hot, and housing prices continue to rise. Many buyers see new construction homes as valuable investments.
Townhomes are also becoming more and more frequent. This is often because these properties have similar square footage (and the same great location), but typically are priced lower than a single-family home. New build townhomes in Oshawa are generally quite modern in their design, with a contemporary look both inside and out,
Oshawa New Build Lifestyle
As mentioned above, new construction homes in Oshawa offer the opportunity for an excellent investment. Whether searching for a condo, townhome, or single-family home, new builds provide sleek finishes, neighbourhoods with growing curb appeal, and the chance to see home value grow over time.
In the case of condos, new builds have often great amenities, such as in-building gyms, events rooms, and the like for resident use only. Plus, these spaces are quite modern in appearance, which most definitely appeals to the younger buyer a lot of the time. Townhomes and single-family homes are situated in new neighbourhoods, with schools, parks, and community services located close by. Because of this, many families choose a new build over a older property, but there's most definitely some security there, too. As the interiors and exteriors are brand new, this settles a lot of the anxieties about homeownership that many first-time (or even second and third-time) buyers might feel.
Searching for your dream new build home in Oshawa? The Dan Plowman team can help. Contact us online or call 905-668-1511 for more information about buying and selling a new build property in Oshawa.