No Vacancy in Carleton Place
Vacant homes and apartments have now become scarce in Carleton Place to the point where most people who are looking for them have dubbed the task “impossible” and “highly stressful.” Relative to most communities who have a rental population of approximately 40 percent of the residences, in Carleton Place, the rental population is now only 21 percent. This is according to Joanne Beaton, representative of ARCA Property Mgt.
She claims that in Carleton Place, there is just not enough rental spaces. Moreover, she said that this status is not likely to change soon because of the high costs in constructing new spaces for rental. She estimated that a unit’s cost could reach up to $150,000, and with that amount, there is just no way that investors could recover their money.
Lisa Young, Carleton Place’s director for planning and development, is aware of this problem. However, she suggests that this scarcity could instead be an opportunity for the community. She said that developers could look into other forms of housing for this community need. According to her, there are still parcels of undeveloped land in Carleton Place which, if utilized, can significantly reduce the time spent by those who are looking for places to stay.
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