[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”55px||||false|false” global_colors_info=”{}” custom_margin__hover_enabled=”off|desktop” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”95%” max_width=”100%” custom_margin=”||-24px||false|false” custom_padding=”55px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb-link title=”Real Estate 101″ _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjcyMiJ9fQ==@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”Invest” _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjI5NDcifX0=@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@” _builder_version=”4.18.0″ _dynamic_attributes=”title” _module_preset=”default” module_text_color=”#686E6E” global_colors_info=”{}”][\/wahi_breadcrumb-link][\/wahi_breadcrumb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”12px||12px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _dynamic_attributes=”content” _module_preset=”default” header_font_size=”3.5rem” header_line_height=”4.5rem” header_font_size_tablet=”42px” header_font_size_phone=”3rem” header_font_size_last_edited=”on|phone” header_line_height_tablet=”4.5rem” header_line_height_phone=”3.2rem” header_line_height_last_edited=”on|desktop” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMT4iLCJhZnRlciI6IjwvaDE+In19@[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”4px||9px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_socialsharing _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/wahi_socialsharing][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”6px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”24px” text_line_height=”1.5em” custom_margin=”||15px|||” global_colors_info=”{}”]<\/p>\n
Check out the hottest places to invest in the province right now.<\/span><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” text_font_size=”1.13rem” text_line_height=”1.18rem” custom_margin=”||5px|||” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]By Emily Southey<\/a> | 11 minute read[\/et_pb_text][et_pb_post_title title=”off” author=”off” date_format=”M j” categories=”off” comments=”off” featured_image=”off” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width_tablet=”” width_phone=”100%” width_last_edited=”on|phone” max_width_tablet=”” max_width_phone=”100%” max_width_last_edited=”on|phone” custom_padding=”21px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@” align=”center” force_fullwidth=”on” _builder_version=”4.18.0″ _dynamic_attributes=”src” _module_preset=”default” custom_padding=”2px|||||” border_radii=”on|32px|32px|32px|32px” border_radii_tablet=”on|32px|32px|32px|32px” border_radii_phone=”on|0px|0px|0px|0px” border_radii_last_edited=”on|phone” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||40px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]<\/p>\n If you are looking for the top places to buy investment properties in Ontario<\/a>, then this article is for you. We delve into what makes a good investment property and where the best opportunities exist.<\/p>\n –<\/span><\/p>\n Before we dive into the top places to buy investment properties in Ontario, it\u2019s important to understand what makes a good investment property. We break down some of the key factors to consider below.\u00a0<\/p>\n \u00a0–<\/span><\/p>\n –<\/span><\/p>\n Wondering where to buy an investment property in Ontario? Check out this list of the hottest places to buy in 2022.\u00a0<\/p>\n –<\/span><\/p>\n It shouldn\u2019t come as a surprise that the number one place to buy an investment property in Ontario is the province’s (and country\u2019s) largest city: Toronto. Toronto, including the Greater Toronto Area (GTA<\/a>), continues to experience significant growth. Demand in the area isn\u2019t going down any time soon, which makes this a lucrative place to invest in real estate<\/a>. Currently, the average house price is $1,190,300 in Toronto and $1,172,900 in the GTA.\u00a0<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” background_color=”#edf7f3″ custom_padding=”32px||32px||true|false” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_2_text_align=”center” header_2_text_color=”#38505b” header_2_font_size=”2.63rem” header_2_line_height=”3.75rem” max_width=”800px” module_alignment=”center” header_2_font_size_tablet=”32px” header_2_font_size_phone=”27px” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”3.75rem” header_2_line_height_phone=”32px” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||24px||false|false” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]<\/p>\n Durham<\/a> Region is another ideal place to invest in Ontario in 2022. East of Toronto, Durham encompasses the cities of Whitby, Oshawa, Ajax, Pickering<\/a>, and more, and has a total projected growth of 80% in the next 30 years. Housing prices might be higher than in other parts of the Greater Toronto Area, but there is major potential for long-term profit if an investor is willing to buy and hold for five, 10, or 15 years. The average house price in Durham currently stands at $968,500.<\/p>\n \u00a0–<\/span><\/p>\n Hamilton<\/a> is another fantastic spot to invest in real estate in 2022. The city has undergone a drastic change in the last two decades and is now a hub of growth and economic opportunity. Home prices may be higher than in other regions on this list but rents are also generally higher, thanks in part to the student populations at McMaster University and Mohawk College. Average housing prices in Hamilton vary by region but typically hover between $625,000 and $789,000.<\/p>\n \u00a0–<\/span><\/p>\n Niagara<\/a> is the next area on our list of the best places to buy investment properties in Ontario. Demand is high in Niagara owing to its proximity to the US border, easy highway access to Toronto, and the continued expansion of GO train transit. This region encompasses Niagara Falls, Port Colborne, Welland, and St. Catharines<\/a>. Vacancy rates are low throughout and tourism is booming, making this a great spot for long- and short-term rentals. The average housing price in the Niagara Region is $701,700, with lower prices in Welland and Port Colborne and higher prices in St. Catharines<\/a> and Niagara Falls.\u00a0<\/p>\n –<\/span><\/p>\n In recent years, Kitchener-Waterloo has consistently ranked as one of the best places to invest in Ontario. It has undergone a tech boom that has brought in new people and more money. Plus, it is home to multiple universities and has the largest population outside the GTA. It\u2019s also worth noting that the municipality of Kitchener<\/a> allows for accessory dwelling units, which is ideal for investors looking to rent out part of their homes. However, the City of Waterloo<\/a> has rental licensing, meaning investors wishing to rent out their properties would need to obtain a licence from the city.\u00a0 The average house price currently stands at $825,000.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.24.2″ _module_preset=”default” min_height=”35px” custom_padding=”0px||0px||true|false” da_disable_devices=”off|off|off” global_module=”1002″ saved_tabs=”all” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”54px||48px|||” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]<\/p>\n Barrie<\/a> continues to be a popular spot in Ontario thanks to its proximity to Toronto coupled with its access to \u201cnorthern\u201d living. The city is on the cusp of exploding, with a projected growth of 20% in the next five years. Therefore, buying in Barrie<\/a> now could be a great investment as demand is likely to skyrocket in the near future. Like Kitchener-Waterloo, Barrie<\/a> is also on board with accessory dwelling units. It is located next to Orillia, which has experienced the spillover effect of Barrie\u2019s growth and is another worthwhile investment opportunity. Average housing prices are currently lower in Orillia than they are in Barrie<\/a>, at $691,427 and $836,147 respectively.\u00a0<\/p>\n \u00a0–<\/span><\/p>\n Next up is Brantford<\/a>. The city has become a popular option for investors looking for larger houses and yards. Property prices have experienced huge gains in recent years, likely owing to Brantford\u2019s proximity to Hamilton. The city is expected to grow even more in the next 10 to 20 years. Branford\u2019s city boundaries were expanded in 2017 and an intensification plan is already underway. The average cost of a home in Brantford<\/a> is currently $806,215.\u00a0<\/p>\n \u00a0–<\/span><\/p>\n Finally, London<\/a> is another prime location to invest in real estate in Ontario. Located in Middlesex<\/a> County, halfway between Toronto and Detroit, the city is expected to grow by as much as 40% in the next 25 years. The region is home to multiple high-ranking post-secondary institutions and several major hospitals (including London<\/a> Health Science Centre and St. Joseph\u2019s Health Care Centre), which makes it an attractive option for people of all ages. Western University and Fanshawe College, both of which are located in London<\/a>, are also recruiting international students, which has a positive impact on the economy. A growing student population drives up the demand for rental units, which keeps vacancy rates low. Plus, many international students in London<\/a> apply for permanent residency after completing their studies, further driving the demand for London<\/a> real estate. Overall, the constant student population and booming health-care sector make it a worthwhile option for investors. The average house price in London<\/a> is $673,995.\u00a0<\/p>\n \u00a0–<\/span><\/p>\n Ready to purchase an investment property in Ontario? Now that you have an idea of the best places to buy, we have put together a list of tips to ensure the investment property-buying process is as smooth as possible.\u00a0<\/p>\n \u00a0–<\/span><\/p>\n When buying an investment property, the focus should be on logic rather than emotions. Since you won\u2019t be living in the property yourself, make sure that any decisions you make are based on the math adding up rather than your emotional attachment to the property. Ultimately, real estate investing comes down to the numbers. Consider the purchase price, along with any applicable property taxes, condo association fees, maintenance fees, and rental income you hope to generate. Working with a REALTOR\u00ae who has experience with investment properties can help you identify the properties that offer the best returns.\u00a0<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” background_color=”#f0faf4″ min_height=”334.8px” custom_padding=”3px||0px|||” da_disable_devices=”off|off|off” global_module=”849″ saved_tabs=”all” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.20.2″ _module_preset=”default” height=”1px” custom_padding=”0px||0px||false|false” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ admin_label=”Column” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_text=”post popup button” button_alignment=”right” module_id=”dipi_popup_id_295151″ _builder_version=”4.20.2″ _module_preset=”default” positioning=”absolute” horizontal_offset=”-10000000px” z_index=”-1000000″ global_colors_info=”{}”][\/et_pb_button][et_pb_code _builder_version=”4.24.2″ _module_preset=”default” global_colors_info=”{}”]What Makes a Good Investment Property<\/h2>\n
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\u00a0–<\/span><\/li>\nThe Best Places to Buy Investment Properties in Ontario<\/h2>\n
1. Toronto (Greater Toronto Area)<\/b><\/h3>\n
“The location where you buy your investment property is perhaps the most important criterion. It can affect not only the value of the property but the vacancy rate and the types of tenants you get.”<\/h2>\n
2. Durham Region<\/b><\/h3>\n
3. Hamilton<\/b><\/h3>\n
4. Niagara Region<\/b><\/h3>\n
5. Kitchener-Waterloo<\/b><\/h3>\n
6. Barrie<\/b><\/h3>\n
7. Brantford<\/b><\/h3>\n
8. London<\/b><\/h3>\n
Tips for Buying Investment Properties in Ontario<\/h2>\n
1. Avoid emotion-based decision-making<\/b><\/h3>\n