Title
Related Posts
Andrew Mckay
Sales Representative
705 441 3179
Contact Me
Follow Me On:
Categories
- 365 Things to do in Wasaga Beach
- Neighbourhood Photos
- Videos
- Market Updates
- Listings
- Stonebridge Town Centre
- Open Houses
- New Build
- Financing
- The World Of Real Estate
- Investment Opportunities
- MLS® Photo Disasters
- I Feel Good
What's Going On At The Beach?
Wasaga Beach Guide
First Time Buyers
Working with a REALTOR®
- Understanding Agency Relationships
- Buying A Home
- Selling Your Home
- Ontario Real Estate Forms Explained
Calendar of Events
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| 29 | 30 | 31 | 1 | 2 February 2, 2012x | 3 February 3, 2012x | 4 February 4, 2012x |
| 5 February 5, 2012x | 6 February 6, 2012x | 7 February 7, 2012x | 8 February 8, 2012x | 9 February 9, 2012x | 10 February 10, 2012x | 11 |
| 12 | 13 February 13, 2012x | 14 February 14, 2012x | 15 February 15, 2012x | 16 February 16, 2012x | 17 February 17, 2012x | 18 February 18, 2012x |
| 19 February 19, 2012x | 20 February 20, 2012x | 21 February 21, 2012x | 22 February 22, 2012x | 23 | 24 February 24, 2012x | 25 February 25, 2012x |
| 26 February 26, 2012x | 27 February 27, 2012x | 28 February 28, 2012x | 29 February 29, 2012x | 1 | 2 | 3 |
Blogroll
Barrie Still One Of “Ontario’s Hottest Towns” For Real Estate Investors
“Barrie Has Shown No Signs Of Slowing Down As A Top Investment Choice” According To “Canadian Real Estate Magazine”
The cover of the August 2010 issue headlines “Ontario’s HOTTEST TOWNS” with a flag in Barrie marked “VERY HOT.”
I have posted before on the reasons Barrie is such a good place for property investors. Clients have purchased in the South End near the GO Station and the student area. All are very happy with little or no void periods and a positive cash flow; very positive with the student housing 
The new government regulations earlier this year have understandably made first time investors pause and maybe reconsider; 20% down instead of 10% can seem like a big jump.
If you are using a Line Of Credit for the down payment the reality is 20% of the LOC and 80% mortgage rather than 10% LOC and 90% mortgage. Both in effect cost the investor nothing and the rent pays both loans , taxes, insurance pus cash to spare.
Anyway the population in Barrie is expected to double over the next 15 years from roughly the present 120,000. “Supply and Demand.” Population growth is one of the main drivers to look for when investing. And as the magazine states:
“A hotbed for families with at least on Toronto commuter, Barrie has shown no signs of slowing down as a top investment choice.”
For the first 5 months of 2010 the average sale price for MLS® homes sold in Barrie was up 8% year on year. BUT the numbers still WORK! The average price is still nearly less than 40% of the Toronto average.
If you want to have a very informal discussion about property investment please do contact me.
