Investing In Collingwood Real Estate
Collingwood is a town in a beautiful part of Ontario, surrounded by landscapes that make for perfect tourist destinations and getaway house plots. It’s close to Blue Mountain and has plenty of hiking trails, skiing, and beaches, plus it’s only a two-hour trip from Toronto. Collingwood has also been seeing rapid expansion in recent years, with significant increases in both median income and population over the last decade. Between 2016 and 2020, the population is expected to have increased by about 15%, from 17,503 to 25,000 persons. Between 2006 and 2020, the median age climbed from 44 to 48, with the majority of population being English-speaking European heritage with a median household income of $69,116. This rise is due to the town’s transformation into a significant tourism destination for inhabitants of the Greater Toronto Area (GTA). Collingwood’s proximity to the Niagara Escarpment, different resorts, and location along Georgian Bay’s beach make it an ideal tourism hub, whether as a launching point to other attractions or as a destination in and of itself.
New Condos In Collingwood And Reasons To Buy
The area including and around Collingwood is a lovely spot all year, with each season bringing out different aspects of the natural splendour. It takes roughly two hours to go to Toronto, which is an acceptable distance for a tourist destination. It also has a thriving rental and airbnb industry, which helps to protect invested property from becoming vacant, while some areas of Collingwood prohibit renting out property. Collingwood has developed the Business Development Centre, or BDC, which is dedicated to the area’s economic growth by assisting businesses with land development and extensively marketing the region’s strengths as a tourism destination. They help firms of all sizes establish up shop, from small start-ups to major enterprises, by assisting with funding, management, and other aspects of alliance building in order to bring commerce and industry to its 220 acres of industrial zoning property. Its tourism campaign promotes seasonal attractions through various separate marketing efforts that operate in tandem to promote the land’s feasibility for tourism across all four seasons. These measures, when combined, will strengthen the town’s potential to provide permanent commercial and industrial jobs to its citizens, attract new residents looking to live in or have a second home in the town, and boost tourism. Collingwood’s real estate value will skyrocket if it achieves its objective of being a regionally and internationally recognised tourism destination.
Employment In Collingwood
Many jobs outside of retail and service require commuting, and the largest metropolitan centre that can be reached for a reasonable commute to work is Barrie, a significant urban centre that offers a variety of employment options to those who live there or have the capacity to travel there. Collingwood, on the other hand, offers a wide range of career opportunities to individuals who live inside its borders. It has a thriving tourism sector all year, in both warm and cool seasons, that caters to beachgoers when it’s sunny, skiers when it snows, and hikers all year. Collingwood is also welcoming industrial and commercial business, with 220+ acres of property available to developers looking to establish a company. Collingwood residents with a university education outnumber the provincial average by about 10%, and they have a substantially lower unemployment rate. The labour force is divided in half, with one half working in sales and service or retail, business and finance, or government and education, and the other half working in management, health, trades, and other occupations. Its accommodation and food service business, in particular, is more than double the provincial average, providing a strong base of retail and tourism-related jobs for its citizens.
Transit and Accessibility
Collingwood is linked to Barrie and Owen Sound through Highway 26, with a journey to Barrie taking less than an hour. Once in Barrie, travellers may connect to Highway 400 and drive the rest of the way to Toronto in under two hours. For anyone looking to commute or simply travel in and out of town, Collingwood relies heavily on vehicle ownership. Collingwood’s public transportation system, Colltrans, provides convenient busing about town, with pickups from its main terminus every 30 minutes. Residents must drive to the GO station in Barrie to catch the train. Finally, because it is located on the coast, it has easy access to the Georgian Bay for maritime travel.
The Communities of Collingwood
Collingwood, despite its modest size, has various sub-communities. On the western end of town, Dockside Village is mostly townhomes, while Mariners Haven is luxury villas with their own personal piers, built along two long berths that extend into Georgian Bay. The central and east end freeholds, still near to the waterfront, are largely detached residences and townhomes with a few apartment complexes scattered. Collingwood’s neighbourhoods offer a variety of recreational opportunities, community events, and programmes, and are home to both permanent residents and seasonal inhabitants. Finally, Collingwood’s downtown is centred around Hurontario Street. It houses most of the town’s retail and dining services, catering to both locals and visitors. Downtown is home to restaurants, boutiques, spas, live music, farmer’s markets, and other public activities.