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Looking to Buy, Build or Develop

Two Year Freeze on Industrial Development Charges

If you are looking to buy, build, or develop, look no further. In Orillia, your business and your way of life will thrive. Our new West Orillia Employment Park boasts 150 fully serviced acres awaiting your business vision, and Lakehead University's new $45-million regional campus gives the City a youthful vibrancy plus a steady stream of employment candidates. In addition, the City of Orillia has placed a two-year freeze on Industrial Development Charges to entice existing manufacturers to expand and to attract new industry to the area. Buy, build, or develop here and find out why Orillia is North of Ordinary!

 

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The City of Orillia continues to be ranked as one of Ontario’s Top 10 Cities for Real Estate Investment. In a report developed by the Real Estate Investment Network (REIN), latest findings show Orillia is one of ten cities set to outperform the province’s housing and rental markets.

Recent investments made by the City, including the downtown waterfront development project, a new “state of the art” recreation facility, and the Downtown Tomorrow Community Improvement Program (DTCIP) grants, have been cited as factors contributing to the Orillia’s investment appeal. The report notes Orillia’s housing starts grew 110% from 2016 to 2017 and prices have consistently increased since 2015.

“It’s an exciting time to invest in Orillia,” said Mayor Steve Clarke. “This Council is focusing on new and innovative programs to help the City flourish and seeing these initiatives recognized in the REIN report demonstrates we are moving in the right direction.”

Orillia is one of the smallest cities included in the report and REIN lists the city’s small-town charm, recent growth, and proximity to the GTA as reasons to invest. Developers are taking advantage of the city’s affordability and the Matchedash Lofts condominiums, Lakeview Retirement Residence, and Costco opening reflect this trend.

“This is the first time in the over 26 years of producing these reports that there are so many wild-cards in play each of which can have a direct impact on the housing markets across the province,” said Don R. Campbell, REIN’s Senior Analyst. “That is why now, more than ever, it is important for home-buyers, investors and developers to dig deeper in their research before making a decision. That is why we have factored in 36 different components for each city as we uncover the least risky markets in the province.”

Ranked in order of potential for housing market strength over the coming five-year period:

1)    Ottawa

2)    Kitchener -Waterloo-Cambridge

3)    Hamilton

4)    Barrie

5)    Brampton

6)    Durham Region

7)    Toronto

8)    Kingston

9)    Orillia

10)   Grimsby and St. Catharines

About REIN: The Real Estate Investment Network (REIN) conducts independent research and issues performance analysis reports on Canada’s real estate market. Studying 36 economic and market factors, REIN identifies Ontario real estate markets that are poised to outperform over the rest of the province. The detailed report provides additional analysis that concludes where each market is in the real estate cycle and what to expect as the cycle continues.

 

© City of Orillia, 50 Andrew Street South, Suite 300, Orillia, Ontario, L3V 7T5, Tel: (705) 325-1311, Fax: (705) 325-5178, Email: help@orillia.ca

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