John Tesh

7:00pm - 1:00am

519-537-1047

JADE LEMAC

RUNNING HOME

Download

Listen Live Listen Live HD2

Oxford County Real Estate Attracts GTA Buyers

Tuesday, 7 June 2016 07:14

As the cost of living continues to skyrocket in the GTA, Oxford County is attracting more commuters.

OXFORD COUNTY - Oxford County is the new hot spot for people from the GTA.

Nick Lalli, President of the Woodstock - Ingersoll and District real estate board says they do not have statistics for the migration to Woodstock but he has definitely witnessed an influx of people moving here.

Lalli says as house prices rise there we are the next affordable option.

"They are starting to looking for lower prices that are within easy reach, what we would call commuting distance, so they start seeking those options out - that's a natural thing that happens. We all hear what is happening in the GTA area, that spread to the Guelph, Milton, and Kitchener - Waterloo area."

Lalli says there is no statistical evidence for this claim but he has definitely witnessed an increase.

He says this is beneficial for the area.

"From a business perspective, it is an increase of workforce, an increase of commercial activity which is going to bring some benefits to the people that are already here and are working in businesses."

It is also a positive thing for people who are already in the market because it increases their equity and property value.

Lalli says it is a different story for people have not yet entered the market.

"The best advice you could get is get in the market as soon as possible with whatever you can afford to get into with. Then the increase in value that you are going to benefit from will allow you to move into the next property."

Lalli says we saw similar trends in 2003, when around 30 % of the people coming here were from the east.

More from Local News

Brant OPP Investigating Missing Person Case

It is coming up on 30 years, and the Brant OPP continue to investigate the disappearance of Robert Commu.
Woodstonian Charged in Child Exploitation Case

The charges include possessing, accessing and making child sexual abuse and exploitation material for the purpose of publishing.
Woodstock Home and Lifestyle Show Returns this Weekend

Admission is free but donations will be accepted for the Woodstock Agricultural Society.
Nominations Open for Tillsonburg Citizen of the Year

All nomination forms have to be submitted before Thursday, April 17th at 12:00 p.m.
PJHL Playoff Recap - March 17th

The Navy Vets won their semifinal series against the Merchants after celebrating a 10-5 victory in Game 6.
UPDATE: Video Footage Wanted for Death Investigation

Police say the circumstances around the death of a 24-year-old man appear to be suspicious.
MURC: Coming Soon to Ingersoll!

Ingersoll's new Multi-Use Recreation Centre is scheduled to open in 2028.
Candidate Information Session Coming Up

It's for those who are thinking about running in the municipal election later this year.
EZT Remembers Former Ward 3 Councillor

Donald "Don" Lazenby passed away at the age of 87.
SWPH Issues Cold Weather Alert

Environment Canada is forecasting wind chill values in the minus 20s this morning and tonight.
UPDATE: Strong Winds Continue this Morning

We could see wind gusts up between 70 and 80 kilometres per hour Tuesday morning.
Woodstock Resident Charged with Speeding

The Brant County OPP caught a speeding driver on the 403 westbound.
Interview with the Mayor - March 16th, 2026

Mayor Acchione talked about revenue budget, the Ship in Southside Park, and he's also celebrating his 52nd birthday today.
Woodstock Driver Charged in Brant County

A traffic stop in Brant County has led to charges for a Woodstock resident.
PJHL Playoff Recap - March 13th to March 15th

Thamesford has been eliminated and Woodstock leads its semifinal series with Norwich 3-2.
March Break Safety Tips from Oxford OPP

TVDSB. LDCSB, and CSC Providence students are off for March Break this week.
Oxford-Elgin Rainbow Research Project Underway

Members of the 2SLGBTQIA+ community over 16-years-old have until September to fill out the online survey.
OPP: Plan Ahead Before St. Paddy's Day Festivities

Oxford OPP officers want to make sure everyone has a safe and fun time over the next few days.
Another Friday the 13th in Port Dover Today

The Norfolk OPP will be on site for the Friday the 13th celebrations in Port Dover today.
Hansen Parents Visit Artemis II Explorers Club at IDCI

Nancy and Gary Hansen met with members of the Artemis Explorers Club at IDCI yesterday.

Comments

Add a comment

Log in to the club or enter your details below.

Display Name *

Location *

Email Address *

Comment *

Rating *

1

2

3

4

5

I have read and agreed to the privacy policy and terms & conditions *