Report highlights changing face of County real estate

A dozen sub-divisions and condos at various stages in the development pipeline in Prince Edward County have the potential to significantly impact the local economy and lifestyle.

Treat Hull

Treat Hull & Associates Ltd., Brokerage in its latest quarterly report called “The Changing Face of County Real Estate” highlights new housing developments proposed for Wellington and Picton.

Hull further noted that “these developments could also affect future prices for real estate in the County, including impacting the potential for appreciation,” said Hull, Broker of Record.

Hull states the catalyst for the report came from a recent experience with clients.

“The couple found a house they loved, but were unaware when I asked if they knew that a five-storey apartment building was under consideration across the street. I realized afterward that there is no practical way for home buyers or the general public to keep track of the new developments under consideration for the County.”

He notes the report focuses on Wellington and Picton where development on a transformational scale is being considered, but notes there are also two approved developments in Ross more and additional developments being considered, but as yet have no public record.

“Not all the homes described in the report will actually see the light of day,” said Hull. “As County experience shows, developers can and do change plans… this report presents a picture of what County real estate could look like – not a detailed promise of what the County will look like.”

“If even half the homes currently in the development pipeline are ultimately built, that would change the face of real estate in Prince Edward County,” said Hull.

The full report, which speaks to the current housing situation, scale of development, new dwelling types and the impact on the overall housing market, is available to the public online at https://treathull.ca

In addition, the brokerage will hold a free public workshop on “The Changing Face of County Real Estate” at The Armoury in Picton on Saturday, Nov. 2nd from 10 am until noon.