Between the passage of the Growth Plan in 2006 and 2031, it is anticipated that approximately 17,000 additional dwelling units will be developed in the City of Barrie. This figure is based on the difference between the 2006 Census population (including the undercount) of 133,000 people and the 2031 target population of 180,000 people and assuming an average household size of 2.71 persons per unit.
I do a lot of business with investor clients and most reside in GTA areas and Toronto. When we meet for the first time we cover listings from my office and discuss areas and what is going on in the city etc. They are always surprised at how low home prices are in the city. Most of them own investment properties in GTA areas as you know appreciation is very strong in those areas which is great, but with property values going up so much it pushing investors out because of the limited cash flow these properties generate and of course the return on equity. That's why investing in Barrie real estate makes more sense because your initial outlaying of money is much lower, return on equity is much higher and Barrie has a very tight rental market. Landlords are seeing they can get higher rents and better cash flowing properties in Barrie.
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