Buying Barrie Real Estate Barrie Ontario Tops The List For Real Estate Investors

April 21, 2012 - PRLog -- Barrie and Orillia are once again near the top of the list of the best places in Ontario for real estate investment.

Simcoe Shores follows Hamilton and the Kitchener/Cambridge areas as the third best place for residential real estate investment, in an analysis of top Ontario investment towns.

And even though it's expected to outperform other markets over the next three to five years a local realtor who specializes in real estate investment said the third-place ranking for the second consecutive year shouldn't be taken for granted. Barrie has to ensure all aspects of the city remain desirable to investors.

Every year the Real Estate Investment Network (REIN) releases its top-10 list of Ontario cities and towns and Barrie, along with Orillia as Simcoe Shores, once again made the list.

"Real estate investing is driven by the economy, job growth, in-migration, infrastructure," said Melanie Reuter, a co-author of the report.

She points to the many projects currently on the go that make Barrie desirable for people looking to invest in residential real estate: the expansion and new cancer care centre at Royal Victoria Hospital, infrastructure upgrades, attention to downtown, the GO train and Barrie's second GO station in development and Georgian College with its expansion and university partnerships.

"In times of recession people go to school and in good times people go to school," said Reuter. "And we love transportation. You can afford to live in Barrie and commute elsewhere."

The city's designation as a growth centre will also help attract jobs and its economy overall, according to the report. And it's considered to have one of the lowest business cost environments in the country.

Shannon Murree works exclusively with residential real estate investors in Barrie through Remax Chay Realty Inc., offers property management is also a member of REIN and occasional speaker. REIN's ranking, she said, reflects the appeal of the city on many levels.

"Definitely, with whats going on in the development in Barrie... you can see the cranes, the construction," she said. "People want to come live and play here.

"If Barrie wants to stay on the radar of the top-10 places to invest in, they need to make sure they make it investment friendly."

Restrictions in residential areas could restrict investors, she warns, pointing to crackdowns in east-end neighbourhoods known to be occupied by college students.

REIN is a real estate research organization. Its report analyzes the current and future prospects for real estate investment opportunities in Ontario, picking the top regions.



REIN's top investment towns:

#1 Hamilton

#2 Kitchener & Cambridge

#3 Simcoe Shores -- Orillia & Barrie

#4 Waterloo

#5 Brampton

#6 Ottawa

#7 Durham Region (Whitby, Pickering, and Ajax)

#8 Toronto

#9 Brantford

#10 Vaughan

Mark Turcotte
Sales Representative
Sutton Group Incentive Realty
Phone: 705-739-1300
Direct: 705-309-5300
Email:  turcottem@sutton.com
Website: http://www.newbarrierealestatelistings.com