Quinte, On. real estate agent: Did Prince Edward County Make the Right Decision?

Did Prince Edward County Make the Right Decision?

Prince Edward CountyThe Prince Edward County council met last night and decided to reduce the development charges by 50% in both the rural and urban areas of the county. At present the development charges for a newly built three bedroom home are a little over $18,000, and this will be reduced to approximately $12,000.

Initially the plan was to only offer this reduction in the urban high service areas, but it was decided to extend the break to the entire county. There has always been a bit of a difference of opinion in the county as residents try to balance economic growth with the preservation of the county's more bucolic nature. It's a fine balance and sometimes issues can be a little contentious, as is the case with the development of wind turbines. One day I will pluck up the courage to write about that very interesting topic and I know I will risk alienating half the population by writing about it. Oh well.

Offering this development charge break in the rural part of the county might end up being pretty costly in the long run though, as increased development in more isolated places might put a strain on maintenance costs for the entire county. Most people moving to Prince Edward County do so because of the beautiful landscape and vistas though, so this might be a necessary short term solution to try to revive a rather stagnant market. I suppose it can always be changed at a later date. In the meantime developers might want to have another look at the county and see if this price break will make a difference.

Comment balloon 4 commentsMalcolm Johnston • March 13 2013 11:03AM

Comments

Interesting report from your area...and yes, those "outer limits" places do attract a different buyer profile.  

Posted by Li Read, Caring expertise...knowledge for you! (Sea to Sky Premier Properties (Salt Spring)) about 5 years ago

Malcolm~ "the County council" you either love them or hate them! 8~)

Posted by Jon Kolsky, Licensed California Real Estate Broker (Kolsky Realty & Management) about 5 years ago
It is not often that you see a decrease in fees and charges. An interesting way to help an area.
Posted by Ellie McIntire, Luxury service in Howard County & Catonsville (Ellicott City Clarksville Howard County Maryland Real Estate) about 5 years ago

You presented a welcome and well-balanced post here about the pros and cons facing Prince Edward County and its development charge changes, Malcolm Johnston.  Thanks for a very thoughtful post!

Posted by Ron Marshall, Birdhouse Builder Extraordinaire (Marshall Enterprises) about 5 years ago

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