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Barrie Landlords: We Are the #3 City To Invest In Rental Property

April 12th, 2014 · No Comments · Rental Property, Tenant screening

There’s some good news for Barrie landlords and rental property investors in our city today.

The Real Estate Investment Network (REIN) has chosen Barrie as the #3 best place to invest for income properties in Ontario.

This is up from the #4 ranking for Barrie in 2013.

The report included Innisfil with Barrie.

Orillia was also a top performer as it was rated the 11th best Ontario city for landlords.

Investing In Barrie Rental Properties

According to Don Campbell of REIN, one of the major pluses for Barrie is the expansion and improvement of Highway 400.

As a story from Simcoe.com explains, the Ontari Ministry of Transportation (MTO) is planning to widen Highway 400

We will be getting 8 lanes from Higway 89 up to Essa Road.

Highway 400 will go up to 10 lanes (!) to Bayfield St.

These infrastructure improvements are coming because under the Places to Grow plan, Barrie is going to be a centre of north GTA economic activity along with Bradford and Alliston.

The Ontario provincial government predicts the Barrie population to reach 210,000 by the year 2031.

Barrie Rentals Are Attractive to Investors

This ranking by REIN comes alongside other positive news for our area.

The Globe and Mail interviewed income property investor.

She says finding cash-flowing properties in the GTA is difficult, which is why she recommends investing in Barrie and also recommend becoming a Hamilton landlord or an Oshawa landlord.

Challenges and Opportunities

Of course, experience landlords know there are challenges to being a landlord in Barrie.

Yes, there are bad tenants out there.

And in Ontario we don’t have the same fair laws that Alberta landlords have.

There are also a lot of good tenants and this side of the tenant pool is growing as Barrie grows.

Make sure tenant credit checks are part of your screening system.

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