A Large Number Of Sales Are Boosting Wasaga Beach Real Estate

By
Real Estate Agent with Canadian Real Estate Online

Although the Town of Wasaga Beach did not get to be official until January of 1974, its stature as the longest fresh water beach in the world has continually brought in both permanent and seasonal residents, particularly from neighboring Toronto. As a result, the community has continually climbed -- from 12,419 permanent occupants in 2001 to 15,029 by the time the 2006 census was conducted.

 

As the numbers continue to rise, Wasaga Beach has earned a reputation as one of the quickest developing communities in the country. Since 2009, there has been a dramatic increase in both the number of sales and the volume of Wasaga Beach real estate sold, indicating a good mix of new residential property as well as seasonal and weekend properties springing up all along the popular beach front. 

 

Wasaga Beach's fourteen kilometers of safe, sandy public beaches, including the Wasaga Beach Provincial Park--which was awarded the highly regarded Blue Flag designation for its efforts to manage Wasaga's shoreline in compliance with international environmental standards‚ lures both permanent residents and visitors alike. During the summer, residents and vacationers alike enjoy sunbathing and sports such as volleyball and jogging along the sandy beaches that are numbered 1-6 -- with 1 and 2 being the most popular. The same stretch of beach becomes a wintertime gathering piont for sports buffs who arrive to snowmobile and cross country ski on the well-groomed trails.

 

The expansion that Wasaga Beach has experienced has not been put off by the massive fire that destroyed a large portion of the main street businesses and apartments to to mention the pedestrian mall on November 30, 2007. Instead, the area is undergoing a massive building boom with fabrication currently underway on a modern style beach front boardwalk with a plaza, eateries, and an indoor/outdoor theme park serviced by a monorail. currently, the Georgian Coach Lines -- that supplies local transportation services --has had to expand their routes twice since 2008 to meet the demand of the expanding area and provides an east-west loop through the town from 7AM to 7PM everyday.

 

The increasing accessibility of services and products in Wasaga Beach has aided in pushing real estate sales up 65 percent in the first part of 2010 when compared to the same time last year. The month of March 2010 experienced a substantial 50 percent increase which also had a measurable affect on the neighboring Collingwood real estate sector. A large number of the recent sales were in the 350K to 500K range, which represents a 172 percent hike for the Greater Toronto Area over the average price of residential property, which usually runs around 300K. This kind of price surge can, in part, be associated with recreational purchasers, but it also indicates that Wasaga Beach is becoming a popular retirement choice for wealthier residents who buy upscale estates. But no doubt the general appeal of the Georgian Triangle 'quality of life' will continue to attract the interest in a broad range of potential purchasers who are lured in by the rural beauty of Wasaga Beach, but enjoy the convenience of having the amenities of Toronto that is just a a short drive away. 

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