Blue Mountain To Expand

I’m an admitted, hard core Cuba junky and so, I found it interesting yesterday to read a report saying that they attracted an estimated 2.9 million visitors in 2012.  Certainly when you go there for a visit, you can believe it as you trip over the suntan lotion, empty pina colada cups and jockey for a seat on the sightseeing bus.  But as it turns out, that’s not such a great number if you believe something else I read last night.

The Blue Mountain area claims to bring in some 1.4 million visitors year round including 700,000 skiers and boarders in the winter. Wasaga Beach claims to have closer to 1.8 million visitors annually bringing the total for the region to over 3 million.  Even if the numbers were HALF of this, there is no question that over a million visitors come to the area each year to enjoy our natural and man-made amenities in every season.

As the population matures, more people chose to buy real estate rather than rent temporary accommodations.  With so many visitors to the area, there is a particular interest in buying condos or chalets that can be rented out when not in use by the owners.  We are also seeing a trend toward former part-time residents making the choice to live here on a full-time basis as soon as opportunity permits.  Given these realities, it is not a huge surprise to learn that a deal announced yesterday will bring a surge of new growth to the Blue Mountain area over the next decade.

Skyline International will purchase 50% of the existing village retail space and ALL of the remaining development lands around the Village and with that, announced yesterday a plan to add 20,000 square feet of retail space to the existing 64,000 square feet now there as well as another 840 condos and, 360 single family and townhouse units over the next 10-15 years.

I need some time to digest this but my first reaction is positive as I’ve always believed you have to keep moving or become stagnant.  A new player with new ideas can bring new energy to the development.  On the flip side, I have to say they are brash risk-takers to enter an over-supplied market in a shaky economic climate.  Other planned developments nearby, such as Windfall, will offer additional competition.  One thing is for sure, it’s always interesting around here.

It’s also always a pleasure to meet new people and to assist them in meeting their real estate goals.  If you would like to schedule a buyer or seller consultation with me, please feel free to email me or call at 705-446-1762.

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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Friday, December 28th, 2012 at 8:38 am and is filed under Blue Mountains, Condominiums, Georgian Triangle - South Georgian Bay, Local News and Current Events, Market Conditions, Vacation Property. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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