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portage bay cottage
While the mayor and city council debate ways to lower housing costs homeowners building backyard cottages are benefiting from the tight housing market. Higher property values make financing easier to obtain. For the owners of rental properties, rising short term and long term rental rates offset increasing construction costs. The real estate axiom, location, location, location, does apply to backyard cottages. Those in close in neighborhoods command the highest rent while construction costs are more or less consistent across the city.