Ontario Towns Named for 2014 and Beyond: Kitchener & Cambridge Tie as #1June 02, 2014
June 3rd, Langley, BC -- The Real Estate Investment Network™ (REIN™), Canada's leading real estate research organization has just released its latest report on the top Ontario cities and towns for real estate investment. Out of the hundreds of cities and towns in Ontario, Kitchener and Cambridge tied for the number one investment communities in the province.
The report, entitled Top Ontario Investment Towns 2014 analyzes the current and future prospects for real estate investment opportunities in Ontario, and identifies the top regions that will outperform others in the province over the next five years.
REIN's findings are based on in-depth research, analysis of the latest statistics, economic and social trends, and on-the-ground reports from REIN™'s research staff and members, along with reports and statistics from organizations such as Canadian Mortgage and Housing Corporation (CMHC), Statistics Canada, Multiple Listing Service (MLS), Canadian Home Builders Association, city and regional real estate boards, and local economic development offices.
The 140-page report looks at such factors as:
A. Is the area's population growing faster than the provincial average?
B. Are new infrastructures being built to handle that growth?
C. Is the area creating new jobs and taking steps to maintain current employment levels?
D. Will Toronto benefit from an economic or real estate ripple effect?
E. Has political leadership created an economic growth atmosphere?
F. Are there major transportation improvements in the works?
Don R. Campbell, president of REIN™ states in the report, " Kitchener and Cambridge have once again topped our Top Ontario Investment Towns report. The presence of world-leading companies such as Microsoft and Google attest to the R&D capabilities and significant competitive advantage the region has to offer. Major transportation improvements over the next 5 years will entice even more businesses to locate within the region as commute times and inner-city congestion are reduced. In-migration is strong, average incomes are strong, the available older housing stock is there and overall job growth continues. The two communities will remain part of the “Economic Alberta of Ontario” in the foreseeable future.”
The top Ontario communities in REIN’s 2014 rankings are:
1) Kitchener & Cambridge
8) Durham Region (Whitby, Pickering, and Ajax)
About the Top Ontario Investment Towns report
The Top Ontario Investment Towns report was first published in 2004 in response to growing demand from investors to know the province’s best locations for cash flowing properties. The report is released every second year and provides investors with comprehensive information on which areas of the province will outperform over the next decade. The communities listed in REIN’s report have been ranked according to their long-term investment potential, not short-term speculative market runs. Many sources are consulted in order to provide real estate investors with the most comprehensive information, including Canadian Mortgage and Housing Corporation, Multiple Listing Service (MLS), Statistics Canada, Regional Real Estate Boards, and local economic development offices. Additionally, real estate investors and REALTORS© who were well acquainted with particular cities and towns were consulted to provide ‘real time’ and ‘on the street’ experiences. The entire report is available for download free of charge on the company’s website at www.topontariotowns.com.
About The Real Estate Investment Network Ltd.
Founded in 1993, The Real Estate Investment Network Ltd. (REIN) has grown over the years to become Canada’s leading real estate research and education organization for investors and homeowners across North America. REIN does not sell or market real estate to its members or the general public, but instead conducts objective and unbiased research, analysis and investor education. For further information on REIN, visit www.reincanada.com.
For an interview with REIN’s senior analyst, Don R. Campbell, please contact: