Barrie Homes: Barrie Real Estate Outlook – Third Quarter of 2012
By Peggy Hill, Broker - Barrie Real Estate
(Keller Williams Experience Realty, Brokerage)
The Canadian Mortgage and Housing Corporation, CMHC, just released their third quarter outlook for the Barrie real estate market. So far this year total starts in the New Home market are down and Resale Home sales have decreased slightly but still remain above the quarterly average. Looking to buy from the builder? Compared to last year, total starts (new homes being built) are down quite a bit. This is due mainly to the decrease in apartment starts. Apartments have become more common in Barrie over the last few years mainly because of the declining household sizes of an aging population and space constraints due to population growth. Though apartments are in demand, they take longer to construct. Some apartments which started being built in the second quarter of 2011 are still in cons...
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