Pipeline News - October 2011

Page 56

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PIPELINE NEWS October 2011

PIPELINE NEWS October 2011

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New developments in Stoughton and Lampman

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Rents for new apartments range from $1,500 “We’re getting a fairly nice mix of to $1,700 a month, Pylychaty noted. both new and exist“There is overcrowding. There has to be, but ing residents. There I haven’t seen it ďŹ rst hand,â€? she added. As for speciďŹ cs on what’s needed, Pylychaty are deďŹ nitely a lot said, “I think we need townhouses with a bit of a of new families.â€? While Realtors yard. Aordable housing right now is $190,000 are primarily in the to $250,000. Ten years ago, $190,000 was conbusiness of selling sidered the max [for aordable housing]. Regarding camps, she said, “Camps are a housing, she noted, “We get a number touchy subject. “We’ve been working with some companies of phone calls every week looking for as well, looking for a location. They have to work rentals. We point with the City and RM. Can the infrastructure them to landlords handle it?â€? Modular apartments could be an option for and revenue propthe community. erty owners.â€? Estevan – “We deďŹ nitely need more lots,â€? Pylychaty is involved with marketing severThose landlords are very busy, Pylychaty noted Lorna Pylychaty, owner and broker of al lot developments in southeast Saskatchewan pointed out, with phones ringing “like crazy.â€? Estevan’s Re/Max Progressive Realty. “The new “Some apartment buildings I know have a communities. “I’m working with a developer in city lots that opened yesterday, they sold 18 on Stoughton,â€? she said. waiting list.â€? the ďŹ rst day.â€? That project has gone through StoughPylychaty said it is very common to have a Two weeks later, there were only ďŹ ve lots number of people sharing accommodaleft. tions while working on rotations. “It’s staying very busy. Prices seem to be stay“We need new housing. We need ing strong, but level,â€? she said of house sales. the high end, $5-$6-$7-$800,000, to “It’s a mixed market, not favouring buyers or attract executives. But we also need the sellers right now. Some see it as a good time to middle of the road, blue-collar workers get out, but where will they go? in the $350,000 to $400,0000 range,â€? “There’s not a whole lot on the market availshe said, referring to new construction. able for condos except a new development not One local contractor has built apartavailable for possession yet,â€? she said. ments that will be available soon, she Asked who comes in her door, looking for noted. Another company built an adjahousing, Pylychaty said, “Mostly young families cent apartment building, both of which coming in, looking of the $250,000 to $325,000 are on an old school site. “Those are go• New & Remanufactured range.â€? ing to ďŹ ll up fast,â€? she said. “If we’re goWellhead Equipment & Valves The majority are people who are working ing to get as busy as the forecast is, we in the oilďŹ eld or with oil-related service comneed more rental accommodations.â€? panies.

We need new housing. We need the high end, $5-$6-$7-$800,000, to attract executives. But we also need the middle of the road, blue-collar workers in the $350,000 to $400,0000 range. -Lorna Pylychaty

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ton town council, and is now at the Municipal Board. It involves 44 lots for duplexes and smaller homes, and a further 14 larger lots. An additional two multi-family lots at two acres each are also in the mix. The plan is for 2012 availability. Pylychaty is the sales agent for the private developers – people originally from the Stoughton area, but now in Edmonton. If the demand warrants, the plans call for four times as much development as followon phases. There is also additional land to the south. A few miles down the road in Lampman, Pylychaty is working with another developer. “We’ve got lots available now. We’ve got a lot of room to grow as well.� This developer, Icon Investments Ltd., is Estevan-based. There are about 70 lots in the project. Three of of the 10 currently available lots has been sold as of early September. “A lot of these small communities are growing,� Pylychaty said.

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