While no one can see into the future, we can try to predict trends for Barrie real estate agents and their clients.
When purchasing a house, always take the time to look at its current price, the price of similar houses in the same neighborhood, and the general condition of the real estate market of the city you are looking in. If you have a specific housing budget in mind and a house is available that meets your housing needs, consider purchasing it.
There is no way to predict the housing market anywhere, not even in Barrie. That being stated, the housing market in Barrie is fairly healthy at the moment. If you are interested in learning more about the Barrie real estate market, make sure to get in touch with one of our knowledgeable Barrie real estate agents today.
Housing Prices are Rising
It is no secret that housing prices have been expected to rise. The Barrie real estate market is performing well, and its housing market is an extension of that. There was an average of 4.5% growth in housing prices from January 20 to February 17, 2018 alone. This is the perfect time to buy, or to consider buying a home if you want an affordably-priced home in this city.
As always in real estate, waiting can be dangerous. If you wait, housing prices will rise and by the time you are finally ready to purchase a home, the market prices may be unaffordable to you. Housing, like most appreciating assets, tends to rise in price if market conditions are favorable. If you want to purchase a home in Barrie (or in other nearby areas) you should contact one of our Barrie real estate agents.
Barrie Demographics are Growing
Barrie is one of the fastest-growing cities in Canada based on its average population growth. You may not know it yet, but population growth can be a perfectly-reasonable reason to purchase a home. City limits are well-defined and Barrie is surrounded by similar communities, each with their own town and city limits like Innisfil and Springwater, Ontario.
Once cities can no longer build across, they will build up. Given how popular Barrie is, and how affordable it is right now, it is likely that skyscrapers and apartment buildings are in Barrie’s future. If you want to purchase a house in Barrie, you should do as soon as possible.
The city is hot right now and it seems, based on recent housing market data linked to above, that this trend will go on for a while. But as always, this is only a prediction as Barrie real estate agents can’t predict the future.
A City is Defined By its People
This is more of a subjective reason why Barrie is so popular. Still, it shouldn’t be ignored. As the city grows, so too are the communities within it and the job market.
There is no question that Barrie is a great place for families. If you have a family, or are looking to grow one, Barrie should be at the top of your list due to its abundance of great schools, public events, shopping centers, and the city’s sense of community.
All of the allure and awe of Toronto is not that far away, as the GO train connects the two cities. You and your family can enjoy the quiet and peaceful family community of Barrie while being only a quick train ride away from the hustle and bustle of Toronto.
What Are You Waiting For?
If this sounds exciting to you, contact one of the many Barrie real estate agents working with the Mark Leader team. We have been helping families buy their dream home for many years and we are extremely knowledgeable when it comes to the Barrie real estate market.