Housing Prices and Developments

With the price of houses in Cobourg steady at about $100K more than in 2016, new housing developments in Cobourg are well under way.   There is the high end Cedar Shores project on King West (14 new detached homes), the West Park Village expansion (72 units) and the Harbour Breeze Condos on the Legion property (53 units) as well as rental units (e.g. on Munroe Street).  Although prices have leveled off, the recent price increases would motivate developers.  Prices for residential homes are steady at an average of around $425K – much like Toronto prices which are now level at around $775K.  That $350K difference means that a lot of GTA residents see Cobourg as a bargain. Averages hide the… Read complete articleHousing Prices and Developments