RussianBarrie – Number 1 in Ontario Rental Market
MEDIAN PRICE: $295,500
AVERAGE MONTHLY RENT: $1,037 / MONTH
VACANCY RATE: 2%
See current affordable detached houses available in Barrie cleck here
See current availbale condo appartments from $149,900 click here
Located in the heat of Simcoe County, the city of Barrie serves as the gateway to Ontario’s Northland. With numerous natural attractions such as Lake Simcoe and Kempenfelt Bay in close proximity, and easy access to the Muskoka region, Barrie has something to offer people of all tastes.
The city’s real estate marked is relatively stable, which makes it a great place for investors looking for new rental properties, and potential tenants looking for affordable housing. Barrie has all of the amenities of a larger city within a smaller space, so it really is no wonder that its vacancy rate is currently %2.
Although Barrie’s average rents are among the highest in Ontario- $1,037 per month, according to the CMHC’s 2012 fourth-quarter report- this has not been a deterrent for tenants. The market’s stability, along with the fact that it is among Canada’s fasted-growing cities, will ensure that Barrie maintains its status as an investment hotspot.
| See Detached | houses for sale $235,000 to Over $1 million |
See current affordable detached houses available in Barrie cleck here
See current availbale condo appartments from $149,900 click here
ECONOMIC SCORECARD
In addition to having a stable real estate market, Barrie also has a stable economy. Its top employers are quite varied, and they include Georgian College, the Royal Victoria Hospital, the Simcoe County District School Board, and TD Bank, just to name a few.
Barrie’s local infrastructure is highly reliable. Highway 400 provides a direct connection with the GTA to the south. Once it is fully completed, it will extend all the way to Greater Sudbury. The city is also served by a reliable local transit system, in addition to GO Transit bus and rail commuter services from two stations within the greater Barrie area (Barrie South and Allandale Waterfront)
See CMHC Housing Market Outlook
WHAT’S NEARBY?
- Lake Simcoe
- Kempenfelt Bay
- Georgian College
- Historic downtown Barrie
- Waterfront
- Royal Victoria Hospital
- Various winter recreation facilities (ski resorts, etc.)
- Two GO train stations, which provide service to downtown Toronto
- Four major highways- 11, 26, 93, and 400- which provide key links to other major cities and towns
VERDICT
Recent statistics have shown that Barrie’s population has been readily increasing over the past few years- a trend that is likely to have a good effect on vacancy rates and the city’s rental market in general. This, in turn, will help to attract many new tenants and property owners to Barrie.
See current affordable detached houses available in Barrie click here
See current availbale condo appartments from $149,900 click here
