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5 Reasons Its Smart to Buy Real Estate in Barrie Ontario Today
1) CONTINUING INVESTMENT. “From a business development perspective, when you see cranes, you see hundreds of millions of dollars being injected into the city.” Hany Kiroles, Barrie’s economic development director. He further explained that with Nautica’s second tower going up, work beginning at the Royal Victoria Hospital and plans being developed for Geogian College’s $65 million expansion, Barrie is well positioned to weather the recession and emerge stronger.Expect further activity this year at Park Place, the old race track and Home depot North.
2) LARGE BUSINESS PRESENCE. Although a regional retail center, the city is home to 4000 businesses.Half of these provide business services and that’s twice as large as the retail sector.
3) LOW UNEMPLOYMENT. The provincial unemployment rate is 8% compared to Barrie’s 6.9%. Seen another way 93.1% of people are employed.
4) HOUSE PRICES UP. The number of house sales was down in 2008 but the average price increased 2.5% year on year.
5) INVESTMENT IN INFRASTRUCTURE. In the road network, the water and waste water treatment plants; a new fire station is being planned and a new police headquarters is being discussed. 2 weeks ago the building of a second GO station was announced.
[...] region.It is no wonder that the ROI (return on investment) makes the city such a favourite for property investors.The ripple effect was felt in Wasaga Beach as well as the train service made it possible to live in [...]
[...] is like a bad haircut; it will grow eventually. With some research it is possible to find areas where appreciation should be higher than the national average. High employment growth is one [...]
[...] immigration from other countries. In Wasaga Beach, on of Ontario’s fastest growing towns, or Barrie people are moving from other areas of Canada. This demand will drive real estate prices up. New [...]
[...] Is the area creating jobs faster than the provincial average? Barrie. [...]
[...] that the correct property is purchased in the right area and it will rent out;I cannot recommend Barrie [...]
[...] I have posted how Barrie is one of the top areas to invest in a income generating [...]
[...] ticks all the boxes on the list of 7 sets of statistics and is a city any property investor should [...]
[...] have posted before on the reasons Barrie is such a good place for property investors. Clients have purchased in the [...]