Housing in Cobourg

There is a shortage of Rental accommodation in Cobourg as shown by the apartment vacancy rate of 1.3%.   But the alternative of owning is not cheap –  house prices are starting to increase again after a peak last May.  There’s action for renters; because of the tight rental market, Cobourg will be eligible for a Provincial program which pays for a rebate of development charges to builders of rental units.  Port Hope is also eligible so they are joining with Cobourg to ask the County to administer the program for them since the County has the regional mandate for social services including housing. More details on Cobourg’s rental vacancy rates and costs were given in this post last December. As… Read complete articleHousing in Cobourg