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Milton housing market a long way from reaching its peak: real estate executive

Milton Canadian Champion

The Milton real estate market shows no sign of slowing down as “lifestyle” and housing prices continue to motivate people to move to town, says a senior executive at Century 21.

“Milton creates a lifestyle that attracts people,” said John S. Geha, the real estate firm’s senior vice-president of strategic growth. “You’re close to the airport here, you’re close to the lake and you still have downtown Toronto accessible to you.”

Geha was in Milton on Thursday speaking to a room full of real estate professionals at the Teatro Conference and Event Centre about industry trends, and growing their business.

The former president of Coldwell Banker Canada offered up his advice to brokers, telling them it was important to have “knowledge of what’s going on around you,” not only in the province, but across Canada.

“Every airport in this country has gone through, or is going through, major renovation or expansion. What does that say to you? It means there’s growth,” Geha said. “They’re preparing for growth. We don’t see this type of development in the United States that you see in Canada.”

Current projections by the Town show the current population of just over 100,000 people more than doubling to 228,000 by 2031.

Century 21 Futures broker Seth Ferguson said the record-breaking growth that the town has experience over the last two censuses-takings shows good signs for buyers.

“In terms of the market outlook for people buying in Milton right now, Milton’s a very strong market, it outperforms almost every statistic that gets published for real estate,” Ferguson said. “You’re not really going to go wrong purchasing in Milton because the prices are going to be supported by the influx of people moving in.”

According to the Town, in 2013 residential and commercial construction values topped $250-million.

Owner of Century 21 Futures Tom Ferguson said that even given the record-breaking growth that’s already occurred there are no indicators to suggest it could plateau anytime soon.

“No matter what the housing market does, Milton will grow, that won’t change – that’s mandated by the Province,” Ferguson said. “It could slow down but it will continue…it bodes will for investment and for living.”

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About Norm & Teri Lynn Hilson Broker Sales Rep

Born and raised in Milton, with complete knowledge of the surrounding areas. Our success is because of our commitment to service. We look forward to helping all our present, and future clients.