In the universe of real estate investment in Canada, millions in fresh capital are being injected into the markets of the nation’s biggest cities: Toronto, Montreal and Vancouver. While those markets continue to flourish, many investors are quickly learning that increasing competition and overhead in these popular markets makes it difficult to achieve notable success.
Luckily, Canada is loaded with smaller markets which are growing exponentially, just like the City of Barrie in Ontario. The city may not have the same population range as Ontario’s mega-city, Toronto, but at 150,000 residents and a healthy tourism market, there are lots of opportunities for profitable investment with Barrie real estate.
Get in on the Golden Horseshoe …
For those prospective investors who might not be aware, Barrie is located at the northernmost point of the Golden Horseshoe in Ontario. This dynamic area, which encircles Lake Ontario's western edge, is home to a number of sizable cities, Toronto being the largest. The Golden Horseshoe is now Canada's most industrialized and heavily inhabited region. In fact, the Golden Horseshoe is home to one in five Canadians, and that percentage is rising quickly.
To put it briefly, investing in real estate in Barrie entails tapping into one of the world's most active real estate markets.
… but get out of Toronto
Traditionally, the Greater Toronto Area comes to mind when Canadians think of the Golden Horseshoe. But as of 2005, the Golden Horseshoe includes more than just the GTA. Homes for sale in Barrie are one of the developing hotspots in the area that has expanded.
Better still for would-be local real estate investors, property in and around Barrie is getting harder to come by. The city is located exactly halfway between Canada's Green Belt, an area of more than two million kilometres of protected land, and the western shore of Lake Simcoe in Ontario. This is one of the most sought-after areas of outstanding real estate in the country. Moreover, it is limited. Space for the new building is rapidly running out, therefore this is an excellent moment to make capital investments.
The Barrie Real Estate Market has up-and-coming population
For those real estate investors who have kept an eye on upscale investment, homes for sale in Barrie could quickly turn into the market that you dream of. The population has increased by more than 560 percent in the past 40 years, with the majority of those newcomers being younger. Barrie residents are lured to the area to try their hand at business success, with a median age of barely 37. These driven, highly educated individuals are lured to opulent environments, particularly when they advance in their careers or expand their families beyond a modest two-bedroom townhouse.
As a result, the property market in Barrie is anticipated to grow over the next years, with a noticeable increase in activity in the more costly houses and flats. Investing in Barrie real estate is a terrific idea right now.
Keep an eye on tourism With Barrie Real Estate
Barrie is a great option for anyone considering short-term rentals. There is breathtaking natural beauty in the area. Barrie is the perfect getaway for fans of the great outdoors, with km of immaculate shoreline and hiking trails. The city is a cherished place to go skiing in the winter. Barrie has a number of exciting attractions for visitors, including malls, breweries, and art galleries, catering to those who want a less natural holiday experience. Barrie is one of the few travel locations that has a couple of off-seasons.
Even better than that, the town has a tourism agency named Tourism Barrie. This organization is made with the aim of drawing more people to the city. In the month of January and February of 2020, Tourism Barrie spent about $50,000 for marketing. And, of course, it’s huge amount of money anyone could harness for their investment ends.
GO Transit
Barrie's proximity to the Greater Toronto Area is just another reason why you should make an investment there. Barrie is connected to the whole Greater Golden Horseshoe region by the more than 11,000 square kilometres regional transit system, GO Transit. Over 70 million people use this amazing public transportation system annually.
Those who invest in real estate in Barrie will soon find that, whether you're seeking to flip a property or entice tourists, close-by GO Transit stops may be a very helpful selling element.
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In conclusion, Barrie's real estate market is a hidden gem, offering a lucrative investment opportunity away from the intense competition of larger cities like Toronto, Montreal, and Vancouver. Its strategic location in the Golden Horseshoe, coupled with its rapid population growth and limited space for new development, makes it a prime destination for real estate investors looking to capitalize on a thriving market. With a young, educated population drawn to its quality of life and recreational offerings, Barrie presents an ideal landscape for long-term investment success.
Furthermore, Barrie's strong tourism appeal, supported by its stunning natural beauty and robust marketing efforts, adds another layer of attractiveness for investors. The city's connectivity to the Greater Toronto Area via GO Transit enhances its accessibility and desirability, making it a promising destination for both long-term residents and short-term renters. As the real estate market in Barrie continues to flourish, now is the perfect time for investors to seize the opportunity and make their mark in this vibrant and growing community.
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