All Forum Posts by: Jeff Gilbert

Hi there. I'm an investor, property manager and Realtor in Barrie. I can tell you the Barrie market has seen very low inventory levels over the past two years much like most of the province. To put this in perspective, an equal market will see around 4 to 5 months of inventory. Anything less is a Sellers market, anything more, Buyers. Barrie has averaged under 2 months for most of the past two years which is very, very low. This is why we are seeing appreciation upwards of 10%/ year with multiple offers on most properties priced in the avg price area of $300k to $400k. This is likely to continue with the proposed BOC rate cut in the coming weeks as the new CMHC rules coming into affect on Feb. 1st will not calm the market in my opinion and won't even have an effect on properties priced under $500k. With all this being said, I agree with the last post who has a great last name by the way, it's very important to know what your looking for and not deviate from your plan. Fix and flip is always possible but much harder in a low inventory market. If you have any other specific questions happy to help.

Thanks for the additional resource. I was aware of and frequently use CMHC but have not heard of or used PadMapper. Will definitely check it out.

Sorry everyone, wrong link. That link is also very interesting tho. It's another info graphic showing the avg cost of a home in cities across Canada and the salary needed to buy, check it out.

As for the link I mentioned above, this link will work much better.

http://www.rentseeker.ca/blog/wp-content/uploads/2015/07/Average-Rent-Prices-of-Apartment-Rentals-across-Canada-RentSeeker.ca_.jpg

Found this great info graphic on rentseeker.ca and thought the BP community would find it interesting much like I did.

http://www.rentseeker.ca/blog/index.php/rentseeker-ca-publishes-new-report-showing-housing-prices-across-canada-with-year-over-year-data/2394

It will show you the avg rents for cities across Canada for bachelor apartments, 1 bedrooms, 2 bedrooms and 3 bedrooms as of spring 2015.

Enjoy!

Originally posted by @John Turner:

Originally posted by @Jeff Gilbert:

Great to see so many ppl from the Ontario area on BP.
I am a realtor and property manager in Barrie. My company manages around 180 doors right now which are a mix of SFR, multi and commercial. If anyone has any interest learning more about the Barrie market let me know, would love to discuss further. Keep the posts going, it's great to learn more about other Ontario market?

Hi Jeff

Do you get many multis for sale in your area? We are presently looking in the states but are still looking for something that cash flows nicely. I am analyzing some 4 plexes here to see if they compare to the US. I don't know much about your market.

Hi John,

They do come on the market from time to time, when they do, they sell quickly.

Send me a message with contact info and I would be happy to send you some current opportunities.

I can tell you in Barrie we don't have many 4 unit buildings. Majority of our smaller multi unit buildings are 6 unit and 3 units. 

Being a property manager, I do come across opportunities from time to time so let me know what your after and I can keep you in mind. 

Nick Ovington Tried to send you a direct msg but for whatever reason the app crashed every time I went to send. Let me know what kind of property you want to know more about. If your unsure we can discuss all options. I'll look for your email.

Great to see so many ppl from the Ontario area on BP. I am a realtor and property manager in Barrie. My company manages around 180 doors right now which are a mix of SFR, multi and commercial. If anyone has any interest learning more about the Barrie market let me know, would love to discuss further. Keep the posts going, it's great to learn more about other Ontario markets.

Hi Hector. I two am in Barrie. If you want to grab a coffee let me know. Working on some exciting things in the multi family area and always good to connect with a local investor.

Thank you.

This is surprisingly a very good tool considering its free.

Much appreciated.

Looking to make life easier by using a real estate deal analysis software.

Mainly interested in using this for small to large multi family properties. 

Have used the bigger pockets tool which works fine but curious of other options both paid or free.

Even better if it's Canadian based but interested in all options.

Thanks in advance.