What to Know about Buying a Condo in Blue Mountain

It’s difficult to believe that in a matter of 14 years, vacant land at the foot of Blue Mountain has become a vibrant village. Yes, the Village of Blue is now home to a multitude of restaurants and shops, as well as hundreds of condominiums, which attract more than a million visitors every year.

If you’re thinking about buying a condo here, you’ll never lose on your investment! The Village of Blue is one of Canada’s premiere 4-season resort destinations. Today, more than two million visitors come here throughout the year. As a result, real estate has become an economic mainstay.

It has been said that, without more internal competition of product availability, scarceness will increase resale values. Based on supply and demand, we believe this could be true. Nevertheless, other factors such as neighbouring competition, rental revenues, and economic conditions have an even bigger effect. We are, in fact, seeing sales pick up, and we expect prices to start climbing, so now would be the perfect time to consider buying a condo here.

Although it isn’t necessary, the assumption is that most people buying a condo will place their units in the rental program or pool. In this scheme, revenues are pooled every day and shared among all units not in use by the owners. Therefore, every day that you don’t use your condo, you collect revenue, whether yours is rented or not.

For many years, we’ve been helping people buy and sell real estate in the Georgian Triangle. If you’d like to know more about buying a home in this beautiful area, please feel free to get in touch with us at any time.