Common Council would like to see some development taking place on the city owned vacant lots but first things first……..Ward 4 Councillor David Merrithew wants to know how many city owned lots are we talking about.
Realtor Gary Vincent tells CHSJ News to development in the urban core and priority neighbourhoods, the city will have to offer up some incentives. Vincent says the local real estate market is flooded right now with 3 units, 4 units and 6 units that are selling for 120 thousand dollars.
Vincent also says developers might be put off investing alot of money to build something new in certain neighbourhoods when you look at what’s going on around there.
