Benefits for The Peterborough Real Estate Market.

One of my last blogs was about the expansion at the Peterborough Airport. At the Land Planning meeting on Friday Feb. 7th it was mentioned about the economic effect of the addition of the Sheridan Flight school.
 Since early December 150 students have found an apartment, or a student rental in the City of Peterborough and are currently studying at the new fascilities. Also the lecturers and trainers have found accomodation in new homes or condos or apartments. This is a continuous semester for these courses, so there will be a 150 students plus year round.
 With last week's announcement of the expansion at Flying Colours and the addition of up to 100 more high skilled jobs this means an increase in the residentional Real Estate Market. There is also the multiplyer of adding a manufacturing job and the subsequent increase in the jobs of the various suppliers to Flying Colours.
 These new jobs will help increase the demand for housing and increase the demand for commercial real estate.

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Harry Huffman

Harry Huffman

Sales Representative
CENTURY 21 United Realty Inc., Brokerage*
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