CORNER BROOK — A real estate broker with KSAB Group of Companies says the industry outside of Corner Brook is not as slow as within.
Herb Johnson said his company continues to see booms in places like Massey Drive, with a lot of interest in the Stratton’s Pond subdivision, and Deer Lake with Humber View Estates.
He said there are some rational explanations for reports that housing sales in Corner Brook were down about 28 per cent in the first quarter of 2013. The two most significant ones are affordability and availability, he said.
Johnson believes people see Corner Brook as an attractive place to live, but are unable to find land to build. The Bell’s Brook subdivision is an example of that, he said, with eight of the remaining nine lots sold this year.
“All of that could be the availability of land in Corner Brook,” he said. “It doesn’t seem to be what it is outside of Corner Brook.”
Johnson said he agreed with Corner Brook’s deputy mayor Donna Luther that people are changing how they live. He said interest in condominiums and rentals has grown in recent years.
“We still get calls about our building downtown, Townsite Condominiums,” he said. “We sold the last units two or three years ago. We sold two condominiums the past two months in Steady Brook.”
As an answer to affordability, he said there is a growing interest province-wide for mini homes or “affordable home ownership.”
While the interest in building has increased, he said, there appears to be a lack of contractors locally. He said the wait list is growing.