City proposing drastic price reductions for vacant subdivisions
MEDICINE HAT, AB – A shot in the arm could be on the way to the Medicine Hat housing market.
The City’s Land and Business Support Department is looking at lowering prices on a number of subdivisions that have sat empty for a decade.
A focus is being put on building townhomes and condos, with only around 30 units being sold in Medicine Hat last year.
The City is looking at major decreases in three neighbourhoods, slashing land prices of up to 40 percent in some cases.