Orillia: Slow and steady
Slow growth is better than no growth.
That's the message behind Orillia's latest housing numbers, the Orillia and District Real Estate Board says.
The sale price of the average home in the city increased 2% in 2011, earning the average Orillian $4,410 on their home, according to the board.
"Most of the small cities and small towns in Ontario are experiencing pretty much the same thing," Mike Stahls, vice-president of the board, said, referring to the relatively slow growth rate. "Since the economy went bad in 2008, we aren't going backwards. We are still going forward, just in smaller increments than we have seen in the past. A 2% increase on your home is better than nothing at the bank."
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