A few builders have their eyesight set on development in Georgetown, primarily along the lake front. Georgetown’s city council and many of its residences are concerned with the development proposal potential and the fear of fast growth in the community and the negative aspects it can bring. The fear poses that when such fast growth takes place is a community like Georgetown it will lose its small town community feel. With rapid construction and a big population boost the integrity of the community can be forgotten. Two of the proposals include a population increase of roughly twenty thousand while another two include growths of nearly forty thousand people. Many city officials from Georgetown want to see some growth take shape in their town but they want the growth to happen at a slower controlled pace.

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The city of Toronto takes the lead for condo development in all of North America. A recent poll just completed reports that more condos are under development right now in Toronto than in Manhattan, Chicago and Los Angeles. Despite the fact that research is now reporting that the super hot real estate market from last year is slowing down, the condo market downtown is still in super high demand. One developer of the many Toronto condos stated that a reported 75 000 people are expected to move per year over the next twenty years in to the downtown core.

Try reading the National Post to find more on Condo Real Estate in Toronto

Resale homes and apartments are still in demand in the city of London Ontario and the latest polls show that there is no decrease in sales for the area. During the month of May just over one thousand homes sold within the city and that is the third highest record since record keeping began in 1978. The overall average price for a London home is slightly up and more and more homes are going on the market. Another trend also shows that more people are making the move to a condo in the city’s downtown core. With more people making this move the apartment/condo vacancy rate is decreasing.

To find more details on London Ontario Real Estate try reading the London Free Press