Researching construction loan tips and information about Barrie as a location for your new-build plan is a great way to start the planning process. About a year prior to the start of the COVID-19 Pandemic, Barrie, a city in Ontario about forty minutes north of Toronto was receiving a lot of attention. More specifically the Barrie Real estate market. As the house prices started to climb to unprecedented levels, the demand was answered with people making offers that would be considered beyond unwise during regular times. Bidding wars included thousands of dollars over asking for a house sight unseen, and with no conditions like home inspections. As the dust settles on that crazy time, the housing prices have leveled off, although it is unexpected that the prices will ever return to the reasonable rates that used to be one of city’s biggest selling features. That being said, Barrie is still a very desirable place to purchase property on which to build a home.

Barrie as a location offers many desirable attributes, especially for those planning to build, but there are drawbacks too. Some important information about Barrie:

• Close proximity to Toronto – as mentioned it’s only about 40 minutes north of Toronto and is accessible by car, bus or GO Train.
• Lower paying jobs – Barrie has always has a reputation for its lack of jobs that pay above minimum wage. However, with the increased popularity of working remotely, this becomes less of a concern for homebuyers than it may have been in previous years.
• Lower cost of living – although the housing prices, especially where rent is concerned is now comparable to many places in the GTA, it is still far lower than Toronto proper. That being said Barrie does still enjoy lower cost of living prices for just about everything else including gas.
• Close proximate to Cottage country – Many find this feature to be the most desirable; Barrie is the gateway to cottage country. Within minutes of passing the northern city limits the concrete gives way to nature and the farther north you go, the more picturesque it gets until finally you’re at the end of the dock with your pant legs rolled up, your feet in the water and your favourite beverage in hand.

With the sense of urgency removed from the real estate market, buyers now have the opportunity to make more sound financial decisions, and more importantly the time to secure mortgages and construction loans at a more relaxed pace. Considering how important the pre-planning stages of creating a build plan is, it has never been a better time to dream about your perfect home AND getting the best deal.

The best construction loan tips will suggest ways for you to create a team you can trust for professional help and advice, as well as ways to stay under budget:

• Find a real estate professional – Every build team should speak with an experienced realtor. You give them your vision for your perfect location, describe the build design on and share your budget and they will be able to keep their ear to the ground for your ideal property.
• Find a mortgage and financing company – With respect to specific construction loan tips in Barrie, the best mortgage companies will be able to discuss your plans and budget with you and make suggestions for the best financial product with the best possible terms and rates for you and your situation. Look for a company that has access to a wide variety of lenders, and a history of working with clients to secure construction loans and commercial financing.
• Find an online savings and rewards program – Shop2Save, a revolutionary online savings and rewards program can help you through the entirely of your build project, from planning to completion. First, the platform offers massive discount deals to members that are sourced in the same way that big retail chains find theirs – though volume buying. The Shop2Save vast member base, which is growing daily, perpetuates these deals. The bigger the crowd gets, the better the deals. Additionally, Shop2Save collaborates with the biggest names in real estate and financing. When it’s time for you to find a real estate, you can connect through Shop2Save to work with Remax. When it’s time to find the right construction loan you can connect with Dominion Lending Centers, the leading mortgage company in Canada.

Further, both purchasing and connecting with professionals though Shop2Save means earning real cashback reward dollars that you can reinvest in your budget. These rewards can be spent anywhere that MasterCard is accepted

Discover how Shop2Save can facilitate rewards for you while you research construction loan tips and information about Barrie as a location for your new-build property. Visit the site today and see all the benefits of free membership for yourself.