Home prices in Cornwall and area continue to be among the most affordable in Canada. Low asking prices and attractive interest rates provide buyers with home deals not readily found in other parts of the country. With its warmth and friendly small town atmosphere newcomers to the region quickly fit in.
Recent Activity
Home prices continue to rise slowly in spite of a so so economy largely because interest rates remain low, and there continues to be buyers looking to either enter the housing market for the first time, or trade up.
Baby boomers in particular have demonstrated a trend towards moving upscale to either larger houses with more amenities, or houses on preferred lots. Waterfront lots have been in particularly high demand.
New Home Construction
While building permit values have been increasing over the past few years, particularly in the residential sector, the new home market remains slower this year than in previous largely due to tighter money. Most new residential construction is custom work with little spec homes on the market.
Markell Construction continues to build the build their popular condominium complexes in the downtown core overlooking Lamoureux Park. the Cotton Mill Losts have been recently firmed up, demolition of adjacent older industrial building has been completed making room for the condo's secondary parking areas.
More Information
Whether its the peace and tranquility of the country or easy access to shopping, restaurants and local theatre found in the city, we're sure there is a home for you here. Our team of experienced brokers and salespeople are ready to help you in your search.