Though Oshawa doesn't exactly have a long-standing reputation as a university town, things are changing quickly in the city east of Toronto. Since its inception in 2002, the University of Ontario Institute of Technology (UOIT) has been one of the province's fastest growing universities, with enrolment now totalling over 10,000 students, a sharp increase from approximately 1,000 in 2003. Nearby Durham College has also experienced recent growth, helping transform Oshawa into a nascent education hub.
University Studios is a new investment opportunity in Oshawa, right beside UOIT and Durham College. Varsity Properties is offering a 3 year rental guarantee to all investors who purchase in this project. Varsity Properties has been achieving premium rents in the student rental markets of Kingston, Oshawa and Barrie for over a decade. We chatted with A.J. Keilty – President and CEO – to talk about how they do this and specifically we discuss the investment opportunity in Oshawa.
A convenient location usually comes at a big premium, but not at University Studios, a new condo development from Building Capital and Podium Developments in Oshawa.
When it comes to innovative condo developments, the Durham region isn’t exactly the first place you think of, but that is changing with an exciting announcement from Podium Developments and Building Capital.
Imagine the opportunity for condominium living anywhere in the Greater Toronto Area for under $150,000, unheard of residential value in one of the hottest condominium markets in the Western World.