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Development bringing on local resale housing boom By RICHARD VIVIAN The Champion With the current swell of residential development, Milton is experiencing a boom in traditional home resale, agree local realtors. Increased housing options creat- ed by new development nol only attract new home buyers Io0the area, but encourage esablished res- idents to inove within the commu- nity. This leads to an incrcase in the resale market, said Milton Remax broker manager Lamont Leone. -The townhouse people are mov- ing to semi-detached. The semi- detached people are going ho detached. The detached are going to larger detached. And some of the big ones are scaing down hecause their childrgn are grown and moved," he said. Though the number of estab- lished homes on the market bas grown, new developmenh bas yet to impact pricing. Homes are stili heing listed at normal market values (neither a "New development is always seen as a positive for the resale market." RICK KEDZIOR hoyers nor seller's market), said Milton Century 21 manager Joe Manchisi. "We havent seen any change in value yet, but ht might happen." According 10 Oakvilîe Milton and District Real Estate Board past president Rick Kedzior, this affect is essentiaîly par for the course. New developmenh traditionally hrings more people to seil their homes in order ho move within the communtty. -Mhis (new residential develop- ment) is going 10 be a positive to the real estate community in gener- aI hecause il opens up the homes in general," said Mr. Kedzior. "New development is aîways seen as a positive for the resale market." Partial credit for the increased in resale numbers helongs o the developers, Mr. Leone said. I's them who attract the most new huyers to the area through advertis- ing campaigns. -Because the huilders do so much advertising in the surround- ing communities like Mississauga and west-end Toronto its driving people out here to take a look. Then they start driving through town. They start picking up a lew sign phone numbers, caîl in- they don't only look at the new homes,' Mr. Leone said. 'Now that they've explored, hey're going 'Wow. I dtdn't know that was such a nice community s0 close (10 Toronto).-' But Ihere is a down side ho thei explosion of' resale homes on the market, warned Mr. Manchisi. Because there arc more homes available, some homes are siting on the market longer than wouîd otherwise have heen expected. he said. "There's so much 10 choose froM." THURS. Et FRI. 12PM-9PM, SAT. 1OAM-6PM, SUN. 1oAM-5PM Location: SOUTH COMMON MALL 2150 Burnhamthorpe Rd. W., Mississauga (S. on Erin Milis from the 403) .j The Canadian Champion, Friday, June 1, 2001--5 I., ô Mil Optimis lune $s 0 b lhmm UI FINAL MoNTH P POOL ais month long! iàffýrîTî-î] i liq ÏR P il 1 I BI E 1 &lI ) 1)I1N(, MILL'OUTLET Open Tuesday - Sunday for Dinner - Tuesday - Friday for Lunch Sunday Brunch (Closed Mondays) ASSORTED SOLIO Face. 0oth . .... 88 ta. Hand t ...... 1.88 Ca, 25" 'Výil iatj, . ....3.88 ta. COLOUR TOWELS 27" Width Bath .5.88oa (I' Widrh umbo ..6.88 ca. 3(,'Widtih Sheet ...9.88 Ca. FIRSI'QUAI ITY &ý #1 IMPFERI'l : 49- i ATHLETES WORLD GU ES S-7 rlczabo1i ýýSKECHERS-. STEV EVERY SHOE IS UP TO 80% OFF 15,000 PAIRS 0F SHOES AT $19.99 ALL KIDS SHOES AT $999 ALL ATHLETIC SHOES AT 50% OFF ALL ATHLETIC CLOTHING FROM 50% TO 70% OFF EVER POPULAR CANDIES BRAND SHOES AT $1 9.00 Hl BLOW-OUT SALE A3ROOKS i I liond It Centre 3MDM Midnight Buteq a lots of Pries! ibis , sud M&M Mouis 1 menu 'Wmwqzmamwu. 1