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The Scenic Blue Mountains

The Blue Mountains has the special feature of being the home of the Blue Mountain Resort, one of Southern Ontario’s and Canada’s most popular tourist attractions. While it is most known for its ski resorts, it also provides a plethora of other year-round activities to tourists and locals alike. Possessing a new condo in the Blue Mountains entails owning real estate in a stunning natural marvel of South Ontario that is just a two-hour drive from Toronto and provides a variety of seasonal activities. Each section of the community where new condos in the blue mountains are built will have quick and easy access to a variety of recreational opportunities, making it an idyllic spot for a seasonal or retirement home, or for residents to establish a work-from-home environment with some of the best scenery Canada has to offer just outside their window. Beyond the Blue Mountains’ prestige and qualities as a popular resort town, what are the benefits of having a new condo in the Blue Mountains? The community’s near neighbour is the bigger city of Collingwood, which is home to the majority of major merchants as well as the services and facilities associated with more metropolitan areas. The two primary differences between The Blue Mountains and its immediate neighbour Collingwood are that it has a substantially smaller population (7025 vs. 20,102), a median age about ten years older (57.6), a higher median household income, and a much higher median property price. Blue Mountain’s pre-construction condos are geared at elderly people who are either retired or have reached the end of their careers, since over 45 percent of its inhabitants are over the age of 60. It is not a region that is expected to witness significant population expansion, with an estimate of an increase from 7,660 to 8,600 between 2021 and 2031.

Why Invest in New Condos in The Blue Mountains?

Blue Mountain investment is not a novel concept, as many have staked their money, or their new condos, on its premise for years. The natural beauty of the region has attracted a lot of innovative and progressive companies and people looking for a summer home or a place to retire permanently. Additionally, advancements in communications infrastructure are enabling a third option: working from home. One of the reasons you should invest in preconstruction condos in Blue Mountain is because the community is making significant investments in its own future. The Town of the Blue Mountains has announced a comprehensive five-year economic strategy plan in response to the pandemic’s effects. Several significant takeaways from that strategy include a goal to diversify their economy, to aid in the facilitation of employment in the city, and to encourage the building and availability of new condos in Blue Mountain. Each year over the last nine years, The Blue Mountains has granted an increasing number of building licences to corporate, industrial, and real estate developers, with the largest increase being in 2020, with 649 permits issued. While residences are costly, with some of the most expensive in the area, The Blue Mountains also has a high rent cost of about $2,000 and a low vacancy rate. The town continues to witness steady expansion in permanent inhabitants due to the prestige of new Condos in The Blue Mountains and the year-round availability of a broad variety of outdoor activities and magnificent panoramas.

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Employment Landscape of The Blue Mountains

The Blue Mountains’ two principal sectors are tourism, which operates year-round, and agriculture. Its principal agricultural product is apples, with the comparatively tiny permanent population responsible for more than 15% of Ontario’s total apple crop acres. Closer to the town’s metropolitan centre, entrepreneurship and small company development provide the economic backbone of The Blue Mountains. The main industry in terms of employment is lodging and food services—tourism, followed by retail, arts and entertainment, and leisure. Construction and agriculture are ranked fourth and fifth, respectively, however between 2011 and 2020, construction had a 63 percent rise in employment, making it one of the region’s fastest expanding industries.

Average Price of New Condos in The Blue Mountains

Because of the pandemic, prices for homes in The Blue Mountains have been driven significantly higher. However, like their townhome counterparts, new condos in The Blue Mountains have experienced less of a rise in price, with the average cost being $468,000.

Getting Around in The Blue Mountains

The Blue Mountains are a popular tourist destination for city dwellers looking for a place to rent or purchase as a second home. As a consequence, The Blue Mountain has a robust transportation system linking it to other major metropolitan centres. It is precisely a two-hour trip from Toronto, and the earliest portions of the GTA can be reached in around 1hr40m. Barrie, the nearest large city, is about a one-hour drive away. Collingwood, as well as the remainder of the Wasaga Beach area, are all within a 30-minute drive of the town for the majority of facilities not supplied by the community. All of this trip is by automobile, beginning with Highway 26, which follows beside The Blue Mountain and Collingwood until it reaches Barrie, at which point Highway 400 is utilised to proceed southerly to Newmarket, then Vaughan, and finally the centre of Toronto. The Blue Mountains lack a robust public transportation system, since its lower and higher income residents generally rely on personal automobiles to meet their transit requirements. National parks, resorts, hiking trails, and countless more getaways and reserves are all crammed into this region, placing a new condo in The Blue Mountains within a 5- to 10-minute drive of one natural marvel to another.

Questions & Answers

How is a pre-construction condo beneficial?
What is a Development Charge?
What is Interim Occupancy?

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