'Renaissance' of Elora, Ont., puts housing pressure on longtime locals

The pretty andquaint town of Elora, Ont. is changing.

Long known as a destination for campers, water tubers and day touristscurious to strollriver walks showcasing the Grand River's22-metre high gorge cliffs, the town is reinventing itself as more than just the gateway to a spectacular nature walk.

Tourism is booming. With quirky shops,a craft brewery now located in the core, the Riverfest music festival running for the tenth year in a row and beautiful photos of the village spreading on social media, the town is experiencing a transformation.

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At the centre of it all is the new Elora Mill Hotel and Spa, which reopened on July 6. The company also owns the Cambridge Mill and five other property ventures across Canada.

The mill is a historic landmark in the town, butwas closedalmost ten years ago. Now, refurbished into a resort, it "offers 27 luxurious guest rooms and six room types that showcase the finest in retreat indulgence," reads the website.

A room with a king bed, booked for a single person, starts at $450per night.

"To bring a true luxury boutique hotel to Ontario we're really excited," said AaronCiancone, president ofPearleHospitality.

"This is what a lot of people want. They don't want to leave the country or leave the province it's right here in their own backyard and we can offer that little mini getaway," he said.

Cianconesaid he had his eye on the EloraMill in2001, when it first came up for sale, but he wasn't financially ready in his career to purchase it.

"I've always had a love and admiredit," Ciancone said, adding he grew up in his family's restaurant, the Ancaster Mill anddeveloped a "love for historic sites and settings such as this."

"It wasn't until 2010 when the EloraMill went bankrupt that I put a bid in, for half the amount that it sold for in 2008 and that was successful," he said."I was just being patient."

Top clientele means wealth will 'trickle' down

Cianconesaid the new establishment will create "a spillover effect" forEloraand contribute tothe town's growth.

"By bringing tourism through the hotel to the town, there's the trickle effect," he said."They're going to visit the shops, the local restaurants, they're going to spend money in the area. It has already started."

Cianconesaid the new hotel will also act as a "catalyst" to have the town undergo a "transformation," with infrastructure being built by the township.

When you see the quality, the attention to detail we did, you can see it's changing in a positive way, you'll see that the value is here.- AaroneCiancone,president ofPearleHospitality

"Seeing the construction, seeing this come to life, it has created a lot of energy to the area, that led to a lot of people taking action, whether that's fixing storefronts or bringing in new businesses," he said.

Town in 'renaissance'

Fred Gordonis a member of the EloraBusiness Improvement Area, and owns the shop Pariscope with his partner Paul. Gordon established his business in 2001 and has been living in Elora for 20 years.

"Elorais sort of experiencing a renaissance since the late 80s" said Gordon as he stands in middle of his gift shop.

He said, recentlythe redevelopment of the EloraMill"sparked" and "inspired" the township to renovate the downtown core and take on new public works.

"Over a hundred million dollars worth of work is going into the property right here on the edge of our town," Gordon said,referring to the new Mill.

"We're getting a bridge replaced this year and in 2020,we're having another bridge replaced," he said. "We're also just waiting to get this street-scaped so that's causing a lot of excitement in town."

"Elorawas so popular as a day trip destination, you can hardly get up and down the sidewalks," said Gordon, referring the town during the eighties.

"Those people have gone away," he said."They've discovered other places and have done other thingsbut what's happened is they've rediscoveredEloraand now have families orgrandchildren coming back."

Gordon said the town is seeing a "younger generation of people" rediscover Eloradue to social media,especially Instagram.

"Those things spread like wildfire," he said.

People are saying 'I've never heard ofElora,' but just the images themselves are so alluringthat they find out who we are and how to get here.- Fred Gordon, EloraBIA

"People are saying 'I've never heard ofElora, but just the images themselves are so alluringthat they find out who we are and how to get here," Gordon said.

People come for beer

Matt Lawson, general manager and co-owner of the EloraBrewery, said he has noticed moretourists coming since his business was set up in 2015.

"A lot of people will come here, hike, swim and play in the Gorge, and then finish it with some shopping and then come to the Brewery for a pint," he said.

"What we're experiencing is a lot of craft beer tourism at elevated numbers, where people just come to see us," Lawson said, stating that "beer fans will travel."

We're experiencing a lot of craft beer tourism at elevated numbers, where people just come and see us.- Matt Lawson, co-owner of the Elora Brewery

Lawson said the landscape of Elora's "uptown" where the brewery is located is also changing, as tourists are now drawn to the area as a whole instead of just the "popular Mill Street and those classic shops along the river."

Young families from GTA move in

Gordon said he has alsoseena new wave of businesses come into town "that aren't always geared toward satisfying needs of a tourist," but for people who have just moved into the community.

Health companies, personal trainers, yoga studios and "things that people use in their day-to-day lives in order to generate their wellbeing," are just a few of these, he said.

"We actually had people moving into our community who didn't necessarily know that much [about it] when they moved here," Gordon said.

"They saw real estate that they could afford so they decided to move here and now they're discovering the community for the first time."

Emily Boden,25, movedto Elorafrom North York, Ont. last October.She and her husband bought a home for under $600,000.

Bodensaid after graduating from university, she was saving for a down payment with her husband for two years, but they couldn't find anything affordable in the Greater Toronto Area, so she started looking in smaller towns that were accessible to Guelph and Kitchener-Waterloo.

"We were all kind of over it, theGTAdoesn'tfeel like a particularly unique or special place to be," saidBoden. "It's hard to buy a home, it's hard to start a family. Everyone's commuting to Toronto. Everything is cutthroat."

We were all kind of over it, theGTAdoesn'tfeel like a particularly unique or special place to be...Everything is cutthroat.-EmilyBoden, new homeowner in Elora

"Most other places inCanada, by then we had enough for a down payment, but not in Toronto," said Boden.

Bodensaid she didn't know anyone in the area, but Eloraappealed to her because of how "self-contained" it is.

"It's got the cutest coffee shops that you can walk to, some great breweries, restaurants," she said.

"It's so beautiful. We're kind of close to the city, but it's like a little oasis," said Boden, sharing how she gets excited when her family and friends come into town.

"It's a slower pace of life, it's way more friendly," Boden said."It appeals to more outdoorsy people because of the [Elora] Gorge."

"I'd like to say that we'd be inElorafor a really long time," she said.

Rising property values,Airbnbs

But some local residents are concerned about this influx of displaced Torontonians.

Property values have been going up and some are afraid they'll be unable to afford to stay in the place they've always called home.

ResaLent isthe owner of the Desert Rose, avegetarian cafe with a light pink exterior that hasbecome an iconin the town. She haslived inElorasince 1977 and she said property values are"going through the roof."

"I couldn't afford to buy a house in town anymore and that makes me sad because where else would I go," she said.

Lent plansto close the Desert Rose this summer because "it's about time" after 41 years.After that, she said she will be moving into a friend's apartment.

"When I shut down the Rose, I know that I can always find a job," she said.

"I've been here for agesand I have an incredible life here. I can always make a pot of soupand sell it," she laughed.

MaddySmith, 28, is a renter in Eloraand has been interviewing people from Centre Wellington about the challenges of affording a homein the area, for a personal project.

"The people I'm talking to now are working good jobs, they're educated, they've gone to college or university, but they can't afford to purchase a home in the community they've grown up in," Smith said.

Smith grew up in Fergus, Ont. and has been living in Elora for 10years. She's been able to secure her own apartment in the town for $910 per month, a price she said is now unheard of.

Smith said she's been hearing stories of life-long residents who are being displaced and evicted andbelieves that's happening because Toronto's housing crisis is spilling over.

"The aftermath of that ispeople arefinding places in a commutable distance that's inexpensive, andwhen people are moving in from outside the community, that's increasing rental prices," said Smith.

Smith also said with increased tourism,she's seen moreAirbnbs popping up in Elora.

"Where are they coming from?" she said. "My guess is that those are now displaced apartments that used to be on the market."

Smith said every day, she sees people being worried about keeping up with costs to maintain their home.

They're not just giving up a community that's pretty to look at, they're giving up all their resources and their connection, their sense of belonging.- Maddy Smith, Elora resident

"It's a huge worry for people that they have to leave," said Smith. "They're not just giving up a community that's pretty to look at, they're giving up all their resources and their connection, their sense of belonging."

Gordon from the BIAsaid he hadheard similar stories.

"Quite frankly I feel for them when it comes to property values," he said.

"Some of them are family people who have raised their family here and their children can no longer afford to buy real estate in this community, they can't live close to their family and they have to look elsewhere."

But Gordon said the town is poised to grow.

"We've grown froma town that was almost going nowhere to a town that's pointed directlytowardthefuture," he said.

"Thereare people who areafraidthatEloramight becomesomethingof a Disneyland, that it will be plastic. I have firm faith that will not happen to our village, mostly because of the pride and entrepreneurial spirit that exists inElora."

"As trends change, we can't always just appeal to the same people. We have to work hard to get new people to come in and enjoy our town."