More new rental housing being built in the downtown core [off Queen Street] is great news for the region which currently has a high demand for those seeking to live in beautiful Tantramar! This is a great thing and opportunity .. not a crisis.. and big thanks Artie Kenny, Senior Project Manager. Our town should be welcoming more of this development with open arms and stimulating the growth with this kind of development in mind with incentives and support for the builder/developers. Play to your strengths Tantramar--people want to come and live here and why wouldn't they?!
"Council OK’d Artie Kenny’s application on behalf of Salem Properties Inc. for a rebate of $1.5 million. The company is planning to build a total of 87 residential units on its property at 112 Queens Road at an estimated value of $20 million." source:
Tantramar council approves $3.3m tax breaks for housing projects |
More at this link:
From the looks of it boosted "co-op housing" cannot compete when it comes to comparing costs:
"Council also approved Eric Tusz-King’s application on behalf of Freshwinds Eco-Village Housing Co-operative for a rebate of more than $1.8 million. The co-op plans to build 68 residential units on its property at 64 Fairfield Road with an estimated value of $24 million."
[co-op $353K approximately per unit versus rentals $230K approximately per unit]
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