Drake's BlogMarch 26, 2012
It’s upon us. The Spring real estate market. A time when home activity begins to ramp up, both in listings and selling, and buyers are actively searching for a new home. At Drake, we’ve seen strong interest with a steady number of visitors and a healthy and balanced stream of buyers. In fact, we’ve witnessed a surge in interest lately with 10 new deals in the past couple of weeks which puts Drake at almost 70% sold! Affordability has been critical, with several purchasers stating low interest rates and 5% down, as important factors to getting them into the market.
Our efficient studios starting below $200k and our 1 bedroom homes starting in the $250s have been the most popular lately. With our best-in class finishes, prime 17th Ave location and reputable Grosvenor developer, we’re poised to continue to see a robust and promising Spring market. If you haven’t stopped by lately, take a spin by the site and you’ll see we’ve just begun pouring concrete with our crane scheduled to be installed in the next couple of days. It’s getting busy at Drake and Spring has definitely sprung!