Advantages of Real Estate Investment in Barrie
The town of Barrie, which is situated on the shores of Lake Simcoe, has recently grabbed attention of many investors due to its incredible annual growth rate of 4.9%. This had made Barrie one of the fastest growing cities of Canada. Due to this rapid growth Barrie is attracting more and more investment especially in the field of infrastructure and development. Despite its growth Barrie has been able to maintain its look as a small town with a peaceful and calm atmosphere.
One of the main benefits of investing in a home in Barrie is the cost competitiveness as compared to other cities in Ontario area. The city boasts a fully developed real estate market which makes it easy for any investor to locate and purchase profitable properties. The city is on the path of development with many large industries such as package manufacturing, metal and plastic processing, electrical equipment and electronics and even modern ventures such as industrial automation and geo-synthetic biosciences. This makes the city perfect for real estate investment as prices are low and growth is assured.
Barrie also has the advantage of being at a strategic location, being close of Pearson International Airport. In addition to global access, the city has easy reach to about 60% of the domestic markets in Canada. Barrie is also very close to the Industrial Research and Development institute which is famous for being one of the largest industrial engineering facilities. With the Royal Victoria Hospital and Cancer Centre, the city has excellent medical facilities too. Also, it has fiber optics based telecommunication infrastructure. The city also has about 1000 acres of industrial land and the tax system is favorable.
The residential properties for sale in Barrie include individual homes, condos, townhomes and water front residences. Being the urban growth centre of Simcoe County, Barrie is getting good attention from the authorities for implementing various projects which would assure its continued growth. Also, being at a scenic location, almost all residences and homes of the city have fantastic views.
Investors are attracted to the real estate market of Barrie, as they have found that the returns, on the long term, are better than other types of investment including stocks, mutual funds or RRSPSs. Since lots of houses are available for sale in Barrie, this would be the ideal time for investment there. Due to continuing industrial and developmental activities, it would not be difficult for you to rent out your home, which assures you a regular income.
Contact a good real estate agent in Barrie and you can locate a good property to invest in Barrie.