3rd quarter Housing starts for Barrie and surrounding area.
According to data released today by CMHC housing starts in the Barrie area declined by 24.9% from the same quarter last year. This continunes a weak trend in new home starts and is evident across all sectors. Barrie city was even worse with a decline of 47.5%. There are several reasons for this, one being the lack of good building space within the city of Barrie. However, others factors are contributing; Innisfil saw a rapid increase in building starts and in Bradford the number was almost tripple from the first 3 quarters a year ago. So Barrie seems to be losing out through a lack of space and competition from neighbouring communities. Overall the market is balanced and as yet doesn't seem to be suffering any particular fall out like our neighbours to the far south.
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