Owners Of Wasaga Beach Real Estate Are Laughing All The Way To The Bank
Even though the Town of Wasaga Beach did not get to be official until January of 1974, its reputation as the longest fresh water beach in the world has continually attracted both permanent and seasonal residents, especially from neighboring Toronto. Consequently, the population has steadily increased — from 12,419 permanent occupants in 2001 to 15,029 when the 2006 census was taken.
present population stats continue to increase, making Wasaga Beach one of the most rapidly maturing places in Canada. Ever since 2009, there has been a marked escalation in both the amount of sales and the amount of Wasaga Beach real estate sold, indicating a healthy combination of new residential construction as well as cottages and weekend properties springing up all along the desirable beach front.
Wasaga Beach’s fourteen kilometers of safe, sandy public beaches, including the Wasaga Beach Provincial Park–which was appointed the coveted Blue Flag designation for its work to manage Wasaga’s shoreline according to international environmental standards—attracts both permanent residents and tourists as well. In the summer, residents and vacationers alike enjoy sunbathing and sports such as frisbee and jogging along the sandy beaches which are numbered 1-6 — with 1 and 2 being the most popular. During the winter, the same stretch of beach is a mecca for winter sports devotees who come to snowmobile and cross country ski along the well marked trails.
The growth that Wasaga Beach has witnessed has not been put off by the major fire that destroyed seventy percent of the main street retail section and apartments as well as the pedestrian mall on November 30, 2007. The community has responded with a large building boom that will include a monorail system along a updated style beach front with shopping, dining, and an indoor/outdoor theme area. At present, the Georgian Coach Lines — that provides 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 everyday.
Property sales rose in the first part of 2010 by 65 percent when matched against the same stretch last year. In March 2010, the sector experienced a huge 50 percent increase, probably because of the increased number of services and products in and around Wasaga Beach and as well the Collingwood real estate market which is nearby. Many of the recent sales were in the 350K to 500K range, which signifies a 172 percent hike for the Greater Toronto Area over the average value of residential real estate, which usually runs around 300K. Although almost certainly seasonal purchasers account for much of the increase, it also appears to be because the upscale estates in Wasaga Beach are increasingly a popular retirement choice for wealthier residents. But undoubtedly the general appeal of the Georgian Triangle ‘quality of life’ will keep attracting the interest in a broad range of potential purchasers who are drawn by the natural beauty of Wasaga Beach, but take pleasure in the convenience of having the services of Toronto within a a short drive away.
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