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Dan Landry
Economic Development Enquiries
Economic Development Manager
50 Andrew Street South, Suite 300, Orillia, ON L3V 7T5

Phone: 705-325-4900
Fax: 705-325-1612

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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!

 

Picture of KFW workers

Orillia was named one of the top 10 cities in Canada to invest in real estate.

"I'm not surprised at all," Stewart McNeely, president of the Orillia and District Real Estate Board, said on Monday. "We've got the proximity to the big city and we're situated on two beautiful lakes."

Simcoe Shores, which includes Barrie and Orillia, was given the eighth slot by the Real Estate Investment Network (REIN), a Western-Canadian based research organization, in a report released Friday. In October 2009, REIN listed Simcoe Shores as the third most promising place in Ontario to invest in real estate.

"People who want that small-town feel with the amenities of a major city like Toronto less than an hour and a half away have seen the benefits of Orillia and moved to the city," the report states.

The expansion of post-secondary institutions, such as Lakehead University and Georgian College, were identified in the report as "tremendous opportunities" for investors wanting to provide student housing.

Dan Landry, economic development manager for the city, echoed this statement, saying he receives phone calls on a daily basis from people wanting to pursue student residence and rental opportunities.

"We're really growing as an education centre. There's a real demand for student housing and investors see that," Landry said.

The report also states that residential building will continue to rise to meet the growing demand of the city's expanding population. Condominiums were pinpointed as a new investment opportunity as traditional family units change and smaller homes are sought.

But lifestyle was the leading factor behind Orillia's ranking, with year-round outdoor recreational activities and the two lakes within the city limits available to residents.

Landry said a lot of cities boast that they're leaders in recreation, but Orillia is one of the few that can actually deliver on that promise.

"Everyone can talk about it, but we have it. We live it every day," he said.

McNeely also said Orillia is a great place to raise a family and its recreation is "second to none."

Calgary was named as the top Canadian investment city followed by Kitchener-Waterloo- Cambridge, Edmonton, Surrey, B.C., Maple Ridge, B.C., Hamilton, St. Albert, Alta., and then Simcoe Shores.

"Successful real estate investing is all about identifying a town or neighbourhood that has a future, not a past," said the report. "Sadly, many investors like to invest based on past performance; thus, they are constantly chasing the market."

Source: By JENNIFER BURDEN, THE PACKET AND TIMES JUNE 2010
Article ID# 2612793