In December, city council voted to ask the province to withdraw Bill 7, which gives municipalities the power to require developers to include low income housing in new residential developments.With the Bank of Canada overnight interest rates remaining steady at one per cent due to lowered national growth forecasts, borrowing is still cheap for homeowners.And Brandon insulation from the country relative stormy economy is stoking the embers of Wheat City housing market.Ryan Lamont, 27, started his business, Rylam Developments, in his late teens, beginning by renting out apartments, right when the market began its upswing.Success led his company to build apartments, condos and detached homes. But it wasn until this past December that he began tapping into the city rabid appetite for entry level homes.And like other developers, Lamont can keep up.In just two months, Lamont pre sold five bi level, 1,200 square foot homes in the $300,000 range.”For that market, I could have sold 15 houses,” he said.In an aggressive bid to take advantage of the demand, he trying to slice the condo market in two, and believes new homebuyers with eyes for a condo can settle into a classic bi level home with three bedrooms and two bathrooms, and a yard priced in the same range as a condo.”It gives you your own single family, you not side by side or behind anyone else, you own your land, you not sharing your land, which is the best part,” he said. “We really tried to captivate that audience, and it been really good and the demand has been astronomical.”.
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