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What is the Parry Sound real estate market doing currently? Although the overall Canadian market is more stable than other North American locations, you will find some problems in almost any area. Yet, what this location in particular has to offer is something invigorating: a breathtaking way to escape hectic life today. What you will find here is cottage country and wildlife that spreads from horizon to horizon with amazing rolling water all around the area. For those planning to buy property here, there is much to consider. Take a look around Parry Sound real estate and you will find a large market, and one that continues to grow. The location is remote in most cases, but many areas are being developed. You will find much of the property available is in use for hunting and remains more wilderness than upscale living. Yet, there is inventory throughout the region in a number of different varieties including: Cottage homes in a variety of fashions Hunting cottages and small buildings on large, expansive pieces of land Undeveloped property Homes of various sizes Retail locations Waterfront properties with prime real estate values
You may also notice that the Parry Sound real estate market is picking up. For example, throughout Canada, the number of building permits issued has declined significantly. Yet, in Parry Sound, there have been a large number of new permits requested, up 5.3 percent over May of 2007. The value of permits has also increased. In fact, in commercial permits through 2008, the value of permits skyrocketed from $3.3 million to $24 million. There are some major developments adding to this phenomenon including the growth of the retail industry in the area where Wal-Mart and Home Depot are both opening their doors. Yet, much of the increase is in fact residential. For those looking to buy into the Parry Sound real estate market, there may not be a better chance to do so. The local economy is picking up with tax breaks and encouragement from these retailers helping to pave the way. The key here will be to maintain this growth over the next years. Yet, those who come to visit do so because they love just how remote and beautiful the area is. It has continued to remain a strong tourist destination for both Canadians and Americans. This has allowed the real estate market to do very well at the present time.
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