From the beginning of the 20th century, Oshawa served as the car manufacturing hub of Ontario, and the city continues to earn that reputation today. Low real estate prices in the area attract homeowners and renters alike, and Oshawa's quaint architecture and intimate neighbourhoods remain strong draws for locals and tourists. An extension of Highway 407 is underway as of September 2015 and should attract even more Toronto commuters who want to keep their jobs, but who prefer a more reasonable cost of living.
Oshawa, Ontario Job Opportunities
Oshawa serves as the home base for General Motors Canada headquarters, which contributes to job opportunities in engineering and related fields, though the company has resorted to layoffs in the past thanks to declining profits. The government provides numerous jobs for Oshawa residents because the city is home to a revenue collections branch of the Ontario Ministry of Finance.
The retail trade flourishes in Oshawa, offering employment options for entry-level sales representatives as well as for management positions. Other areas of economic interest include manufacturing, skilled labour, and construction. The favourable real estate market ensures plenty of opportunities for realtors, brokers, and other professionals in this industry.
Oshawa, Ontario Employment Trends
The recession resulted in significant job losses for Oshawa, Ontario residents, but unemployment has fallen to 8.1 percent as of August 2015, up 0.5 points from the previous month, according to Statistics Canada. Forecasts show increasing rates of employment in part-time, temporary, and contract positions as of February 2015, but full-time prospects also abound.
Entrepreneurship has grown steadily in Oshawa over recent decades, increasing the number of small employers with fewer than 100 workers on their payroll. Self-employment is also on the rise in this Ontario city because workers who lost their jobs during the recession were forced to seek alternative methods of generating income.