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Toronto metro Barrie, Orillia ranked best places to invest April 16, 2004 Toronto Metro Barrie and Orillia are the best Ontario communities to invest in, a report has found. The Real Estate Investment Network, an organization that teaches Canadians how to invest in real estate, identifies the 10 best Ontario communities most likely to generate strong returns on investment. Kitchener, Waterloo and Cambridge were second; Brampton and Orangeville tied for third; Hamilton was fourth; Markham and Whitchurch-Stouffville tied for fifth; the Durham region was sixth; Aurora and Newmarket tied for seventh; Oshawa was eighth; Ottawa ninth; and Toronto tenth. The search for the top 10 included 59 cities and towns. Barrie and Orillia achieved top ranking because they have transformed themselves from vacation get-away destinations to "economically viable area(s) of the province," the report says. Kitchener, Waterloo and Cambridge placed second because their combined population is growing at twice the national average. Also, their economies are undergoing expansion, and housing in the area remains affordable. The report also features a list of communities that have potential: London, Mississauga, St. Catharines, Niagara Falls and Windsor. For more information, visit www.ontariorein.com |
