ORILLIA - Orillia has slipped from first to 11th place in the province for development interest, but will rebound in the coming years, said the author of the Top Ontario Investment Towns report.
Don Campbell, senior analyst of the Real Estate Investment Network (REIN), which studies 118 towns in Ontario, said the slip is not bad news; it's just Orillia has lagged behind Barrie, a development hotspot ,the past few years.
"Orillia is still in a tremendous spot. If you are No. 11 out of 118, it's pretty sweet," said Campbell.
In past rankings, Orillia had been linked with Barrie and the two shared the top spot six years ago, he said.
"Barrie got lucky in that it got the Go Train. As soon as that occurs, people can live there and commute. When you have a major transportation change, people (say), 'It's affordable, it's an awesome lifestyle. It's not just cottage country anymore,'" he said.
Campbell, who has been studying cities for 22 years, said Orillia is on its way up.
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Posted by: Littlewood Properties