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What’s New In Wasaga Beach Real Estate?

Wasaga Beach is holding its own in new home starts despite the economic slowdown.

Last year saw 250 building starts which is in line with the town’s average long term growth over the last twenty years. With 79 projects currently on the books the outlook is optimistic. This equates to 1000 new homes and a number are nearing first phase approval.

Ray Kelso, Wasaga Beach’s director of planning and development stated “I think we’re going to have quite a busy year.The only thing that’s slowing us down is that people who want to retire here can’t sell their homes in the city.”

Retirees and the semi-retired are not the only demographic group moving to Wasaga Beach.Young couples are attracted by the   property prices especially compared to the GTA and the four season lifestyle. With this demand the average price a resale home in Wasaga Beach increased by 1.8% in 2008. Kelso believes demand for homes in Wasaga will continue to be strong as a bedroom community for young people, who commute to Barrie for work.

Four season living includes hiking, biking, snowshoeing and cross-country skiing on a huge network of trails. In winter, downhill skiing is about a 30 minute-drive away at Blue Mountain or Horseshoe Valley and in summer there’s the longest fresh water beach in the world.

This entry was posted on Saturday, May 16th, 2009 at 9:26 pm and is filed under I Feel Good, The World Of Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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