31 - Barrie Advance - Thursday JUNE 9, 2016 SIMCOE.COM

- , Page 33 , Page See LOW Areas such as Vaughan are be- Vaughan Areas such as prices, Bradford “Newmarket housing mar April, Barrie’s In - bedroom, two-and-a-half-bath room detached home and $600,000 to millions for an estate home on said. Faris the water, are people so many coming pricier, looking north, he said. prices are starting to get to a level that Barrie is seen as affordable,” a perspec- said. “There’s Faris people living change (among) tive south of here that Barrie is a cool place to be.” for having Toronto tied with ket the third-highest year-over-year price increase in Canada, accord- ing to a recent Re/Max survey research firm. a market by Leger, Housing prices jumped 14 per cent in the Barrie and District area during the first Toronto and in behind Fraser quarter this year, in Vancouver and Greater Valley B.C. JENNI DUNNING PHOTO In Barrie, the average price is In Barrie, the average “If you’re comparing homes to “If you’re For the past 10 years, Faris said, it the past 10 years, Faris For “The higher-end market is see- market “The higher-end now $275,000 to $350,000 for a now $425,000 for a three- townhouse, 2015, it’s not the same market. Even Even not the same market. 2015, it’s (compared to) January (2016).” took local agents an average of four took local agents an average worth months to sell four months’ that In the past year, of inventory. months to changed to less than two sell the same number of units. ing movement … and there’s a … and there’s ing movement whole lot more confidence in the where you That’s entry market. - he said. “Typi see bidding wars,” the list price is where cally now, from seen anywhere you start. I’ve $40,000 $20,000, $30,000, even list.” over in the Barrie area, for example, in the Barrie area, for example, to pay at least $5,000 to can expect the asking price and $10,000 over on bidding wars potentially face multiple homes before making a deal, he said.

RT OPINION EXPERT Anyone seeking to buy a house seeking to buy Anyone Contact Realty The Faris Team Team The Faris Contact Realty Brokerage. Mark Faris, CMO & broker Mark Faris, CMO & broker of Royal LePage First Contact Realty The Faris Team said homebuyers Brokerage, can expect to pay at least $5,000 to $10,000 above the asking price and potentially face a bidding war. seeking more affordable housing housing seeking more affordable CMO options, said Mark Faris, First LePage of Royal and broker Aleksandra and Marek Krupa moved to Barrie from Brampton, in large part, because prices are lower here. lower here. Brampton, in large part, because prices are moved to Barrie from Krupa Aleksandra and Marek

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Barrie’s real estate market Barrie’s

draws GTA, international buyers draws GTA,

RED HOT MARKET HOT RED

But buying your dream home your dream home But buying “(Friends) say, ‘Barrie is so far.’ ‘Barrie is so far.’ say, “(Friends) They both work from home, so both work They And with their first child due in The Krupas have friends and The Krupas have “For $600,000, $700,000, they’d $700,000, they’d $600,000, “For “Some of them have bought con- bought “Some of them have The former Brampton couple of their The Krupas say many JENNI DUNNING [email protected] shack” Between a “rundown tion from buyers leaving the GTA the GTA leaving tion from buyers was, partly because of competi- was, County is not as easy as it once County is not as easy as it once wanted.” wanted.” in Barrie and parts of Simcoe house gave us everything we we us everything house gave Maple,” Marek said. “The new Marek said. “The new Maple,” see the price in Woodbridge and and Woodbridge see the price in you say houses are?’ once they once they you say houses are?’ accessible. much do ‘Oh, how say, Then they Hwy. 400 makes the GTA easily the GTA 400 makes Hwy. couple’s active lifestyle. active couple’s commuting is not a problem, but nature and outdoor living for the nature and outdoor living the GTA. the GTA. more also offers Barrie September, er than many of those available in of those available er than many - new bigger and are less expensive, moved to Barrie because the homes moved family members who also recently family won’t be so nice.” be so nice.” won’t kids, that little one-bedroom condo know why. Once they start having start having Once they why. know mental block about Barrie. I don’t mental block about Barrie. I don’t added Marek. “There’s still a added Marek. “There’s get basically a rundown shack,” shack,” get basically a rundown Toronto Area’s higher housing Area’s Toronto said Aleksandra. ers fleeing north from the Greater accounts are not bulging. dos that cost more than our house,” - of homebuy – part of a wave options can be limited if their bank Krupa. Krupa. to Barrie in December moved prices. friends in their 30s are getting mar houses, but to buy ried and want easy for Aleksandra and Marek Aleksandra and Marek easy for ings in Barrie, the choice was ings in Barrie, the choice was storey home with modern finish- storey for $700,000 in Toronto or a two- Toronto for $700,000 in 33 - Barrie Advance - Thursday JUNE 9, 2016 SIMCOE.COM $253,411 $459,132 $505,585 $494,397 $630,115 $593,436 TER TOWNSHIP BARRIE INNISFIL ESSA TOWNSHIP SPRINGWA ORO-MEDONTE TOWNSHIP Detached: Detached: Detached: Detached: Detached: Detached: Detached: Condominium: Condominium: Source: Barrie & District Association of Realtors Barrie & District Source: Townhouse, Link and Semi: $322,184 Link and Semi: Townhouse, MAY 2016 AVERAGE SELLING PRICES SELLING AVERAGE 2016 MAY - “The interest rates are quite low, which low, rates are quite “The interest should eventually Douglas said the market and from the GTA buyers Along with new This means greater competition for buyers for buyers This means greater competition a shot of the “Gone are the days you take seen that hasn’t “(Barrie has) been a market it.” “Barrie deserves means people can afford reasonable mort- reasonable can afford means people not “But there’s Douglas said. gages,” accommodate for sale to enough properties buyers.” that many that will sure when he isn’t balance out, but happen. and interest rates, the low inventory lower also attracting interna- Canadian dollar is more people from Europe with tional buyers, up Barrie-area proper and China snapping ties, said Faris. ties, said Faris. who are increas- and for real estate agents, and us- strategies marketing ingly expanding homes, he said. ing online tools to showcase just can’t You house and stick it up online. maxi- and expect stick a sign on your lawn as he said, adding tools such mum dollar,” real es- chats with 3D tours, videos and live tate agents are being used. the kind of increases our southern brothers starting to see in- it’s recorded. Now, have said. Faris creases,”

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According to the survey, the Barrie and According to the survey, He said sellers love the market right now, now, right the market He said sellers love “Sometimes buyers are having to bid on bid on to are having “Sometimes buyers The same thing is happening here, accord- The same thing is happening The markets in Vancouver and Toronto Toronto and Vancouver in The markets “The ripple effect on the housing markets on the housing markets effect “The ripple

Red, Low dollar attracts investors to Barrie to investors attracts dollar Low ●

$401,801 this year. $401,801 this year. erage home jump from $352,124 in 2015 to erage home jump from $352,124 in 2015 - the selling price of the av District area saw homes in their price range. but buyers are having a tough time finding are having buyers but tory and the number of buyers.” tory and the number of buyers.” - is, there an imbalance between the inven far as my recollection goes. The bottom line The bottom line goes. as my recollection far said. “It’s never been like this in Barrie, as this in Barrie, as been like never said. “It’s four or five homes before they get one,” he he get one,” homes before they four or five altors president Michael Douglas. numbers. Association of Re- ing to Barrie and District inventory, which may have impacted the impacted which may have inventory, their properties, he said. That led to a lower a lower That led to their properties, he said. tentially discouraged sellers from listing tentially discouraged tive vice-president. tive and po- among buyers created competition - execu regional Canada’s Western MAX of housing market overall,” said Elton Ash, RE/ said Elton overall,” housing market significant when you look at the Canadian when you look at significant outside of Toronto and Vancouver is quite is Vancouver and Toronto outside of