Does this scenario seem familiar to you?
You are a prospective condo owner. You want to live in downtown Barrie.
Barrie is expanding and you want to be at the center of it. However, it seems like new condos on the market are either unavailable or too expensive due to demand. You wish that more condos and rental buildings are being built so you too can own a piece of Barrie real estate.
This scenario is all too familiar for most millennials across Canada, especially in Barrie. Luckily, the residents and politicians of Barrie have taken notice, and are taking steps to help provide these needs.
Barrie is re-developing itself to appeal to more real estate owners. More buildings are being built, and soon, more interested home owners, apartment dwellers, and condo owners, will be able to rent in the downtown core.
Barrie real estate does not have to be exclusive. City leaders know this, and thus are fighting to be able to bring development to Barrie. This is why, for instance, there are plans to bring more rental buildings to Barrie. Historic buildings are even being moved and will be replaced with condos.
This is great news for prospective condo owners. Living in Barrie is becoming a reality for more and more people. You can finally purchase that condo you want and become one of many who have finally purchased their slice of Barrie real estate.
Purchasing a condo in downtown Barrie does not have to be a herculean task. Below are the top two ways to keep yourself updated on the latest changes regarding the downtown development. These methods are both simple and easy to execute, requiring very little work on your part.
1. Keep an eye on MLS offered by real estate agents. They are usually the first to know about new condo projects and developments. Even if a condo is not completely built yet, you can still purchase a unit. Pre-construction condos are often cheaper to purchase than purchasing finished units.
2. Keep an eye on the news media. The news sometimes reports upcoming developments in your area, or business deals between developers and the city. By keeping yourself updated on these stories, you can learn whether a new building project will be started or not, and when. Condos are a very profitable development for many builders, so they are really interested in building them for people like you.
Cities are constantly in flux. The downtown re-development may have started recently, but it will never be finished. There will always be new buildings constructed, and new condo units for sale. That is the great thing about Barrie real estate. It is never too late to make an offer to buy a condo unit.
Stay tuned over the next few months for more updates regarding the downtown re-development with your favorite real estate agents and new media stations. You may just find your dream condo.