Collingwood is one of the fastest growing communities in Canada. In 2017, the Province identified our area as a growth node and the Simcoe County official plan states that we must achieve a target population of 33,400 by 2031 and have a density of 50 people per hectare. In this Development Series I examine the numbers and development plans for future development.
More than 6,600 units are currently in some stage of planning in the area of Collingwood to Craigleith. Multi-unit dwellings such as townhomes and apartments out number single-family homes by more than 3 to 1.
A number of people have called lately wanting to “assign” their agreements of purchase and sale for properties they purchased through builders, pre-construction, during the real estate frenzy in 2015-2017. It seems these people bought with the expectation that the prices would keep on climbing and that they could sell their positions, never close the deal and make some fast money.
How many households do we have now in Collingwood? The 2016 census stated 10,500 private dwellings and if all new planned units came to fruition, that would mean we would have 62% more households.
In this post, we look at a development proposal in Collingwood that would allow short term rentals.