Barrie Waterfront - A Place to call Home
Investing in real estate or in a place to call home requires economic, personal, and financial criteria to be met before a final decision is made. The city of Barrie meets all these criteria for the young population who look for value, and a minimal risk investment. Barrie’s attractive location, and the city’s continuing growth, combined with affordable home prices, and the stable employment situation, with a variety of communities to choose from, ranging from the cozy historic downtown area to the fancy, upscale Waterfront neighborhoods make Barrie an ideal place for investment.
Barrie is a city located in Simcoe County, just 90 km north of Toronto, easily accessible via Highways 26, 400, 11, also the city’s improved GO train transportation service since 2012 has made these two cities even closer. The province of Ontario has designated Barrie as an Urban Growth Centre since 2009. Home sales in Barrie continue to increase, as stated by the Government of Canada “Housing starts almost doubled...during the first three months of 2013, foundations were laid for 167 dwellings.” Homes in Barrie are more affordable than in other cities within the GTA area, after all Barrie falls into the new home market category with lower mortgage rate levels, this is not to say that home values are declining in Barrie. In fact The Government of Canada has indicated that over the last quarter the prices of homes in Barrie rose about 2%.
Lake Simcoe - a 944 square kilometer lake, the centerpiece of Simcoe County, is what also makes Barrie stand out. A number of waterfront homes have sprung up in Barrie, offering the most breathtaking views of the lake and even exclusive access to the water. The homes vary form single-family homes to condos and luxury estates with their own water frontage and boat docks. There are also many mid and high-rise condos that are near the shoreline, overlooking Kempenfelt Bay, many condos also offer building amenities such as concierges and pools.
The lakefront homes are luxurious and stylish; most have balconies, hardwood flooring, granite counters and vanities, nine foot ceilings, high grade laminate throughout, pot lights, modern ceramics in bathroom(s) and kitchen. The asking price for a typical 2 bedroom, 2 bathroom lakefront condo in Barrie ranges from about $250,000 and up.
The peaceful yet booming city of Barrie makes it an ideal choice for a place to call home, especially for young people who are looking for more affordable homes, convenient location which will not impact their employment decisions, and who are looking for a safe investment.