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Barrie Real Estate News W/of Mar. 15

March 16, 2018 | By Scott Cooper



DOWNTOWN DEMOLITION COMING

A cluster of older buildings at the corner of Bayfield and Sophia will be razed in the coming days or weeks.                                                   


Demolition permits have been issued for 113 and 115-117 Bayfield St., and 6, 8 and 12 Sophia St. E., where the Bayfield-Sophia street sign indicates ‘Historic Downtown’.


The buildings, mostly former homes which had been converted into offices, will possibly make way for affordable housing, if the city approves the property owner’s application, which has yet to be submitted. 





BARRIE RANKS HIGH ON INVESTMENT HUBS



A new report from independent research think-tank Real Estate Investment Network (REIN) ranked Ontario’s largest metropolitan areas by real estate market performance and suitability for investment over the next 5 years.


In terms of growth, diversity, and fundamental strength, Ottawa came out on top of the wide-ranging survey, which looked at multiple factors including economic health, employment numbers, GDP and population growth, housing prices and overall affordability, rent and vacancy rates, and several others.


Ottawa

Kitchener -Waterloo-Cambridge

Hamilton

Barrie

Brampton

Durham Region

Toronto

Kingston

Orillia

Grimsby and St. Catharines



You can see the entire list here




HOUSING COULD BE THE BIGGEST ISSUE IN ONTARIO’S ELECTION


As the Province prepares for a late spring election, research from OREA indicates Ontario homeowners and aspiring homeowners could well make housing a huge election issue. 


In a recent survey, a majority of them said if a provincial party promised to help homeowners improve their home's energy efficiency and make homeownership more affordable for young people, it would have the biggest positive impact on voting for that party.


You can read the report here.