By Stefan Hyross
Wasaga Beach has forever been the chosen destination for neighboring Toronto residents owing to the fact that it lays claim to having longest fresh water beach in the world, but it did not officially become a town until January of 1974. But, the amount of permanent residents has risen steadily — from 12,419 in 2001 to 15,029 in 2006, when the most recent census was undertaken.
As the numbers continue to rise, Wasaga Beach has earned a standing as one of the quickest growing communities in the country. Since 2009, there has been a dramatic increase in both the amount of transactions and the amount of Wasaga Beach real estate sold, indicating a healthy combination of new residential property as well as cottages and weekend properties springing up all along the popular beach front.
Wasaga Beach’s fourteen kilometers of kid friendly, sandy public beaches, including the Wasaga Beach Provincial Park–which was awarded the coveted Blue Flag designation for its work to manage Wasaga’s shoreline in compliance with international environmental standards attracts both full time residents and tourists as well. In the summer, residents and vacationers alike take advantage of sunbathing and activities such as frisbee and jogging along the sandy beaches that are numbered 1-6 — with 1 and 2 being the most popular. During the winter, the same stretch of beach is a popular spot for winter sports devotees who come to snowmobile and hike along the well marked trails.
The growth that Wasaga Beach has witnessed has not been deterred by the major fire that levelled a large portion of the main street businesses and apartments to to mention the pedestrian mall on November 30, 2007. Instead, the region is undergoing a big development boom with fabrication currently taking place on a modern style beach front area with shopping, eateries, and an indoor/outdoor theme park attached to a monorail. currently, the Georgian Coach Lines — that supplies local transit services –has had to broaden their routes twice since 2008 to meet the demand of the expanding area and offers an east-west loop through the town from 7AM to 7PM daily.
Home sales rose in the first part of 2010 by 65 percent when matched against the same stretch last year. The month of March 2010 experienced a whopping 50 percent increase which also had a positive affect on the neighboring Collingwood real estate sector. Many of the recent sales were in the 350K to 500K area, which represents a 172 percent hike for the Greater Toronto Area over the average value of residential property, which usually runs around 300K.
This kind of price increase can, partly, be associated with recreational buyers, but it also is a sign that Wasaga Beach is becoming a desirable retirement choice for more affluent residents who buy upscale estates. The pastoral beauty of Wasaga Beach and the reputation of the Georgian Triangle way of life will always appeal to a diverse number of of home buyers who enjoy the country life as well as the convenience of being just a couple of hours from services Toronto can offer.
About the Author: Stefan Hyross is a real estate expert and content creator for the property sector. You can get more information regarding
Wasaga Beach real estate
or the
Collingwood real estate
market by visiting the website and searching through additional articles.
Source:
isnare.com
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