Brampton, Milton, and Oakville see the most new low-rise sales
By Lucas on Jan 11, 2016
In 2015, the Trimart Research Corporation forecasted that the Total Market Area would see 21,500 new low-rise sales for the year. Well, with the Toronto Real Estate Board (TREB) recently announcing a record number of home sales reported in the Greater Toronto Area, we’re not surprised that Trimart’s forecast was easily surpassed.
Brampton, Milton, Oakville, Barrie, East Gwillimbury, and Oshawa saw the most sales last year. Though the new low-rise inventory is currently pretty low, Trimart seems confident that openings from November 2015 will keep sales steady through the first couple months of 2016, thanks to excess demand.
Listed below are a few notable sites that closed out 2015 with a bang:
Seaton Taunton - Via Mattamy Homes
Taking the top position on our first Hot Spots list of 2016 is Seaton Taunton, a new Pickering community by Mattamy Homes. The community had 65 sales at the end of the year and the current phase is sold out! Seaton Taunton features village homes, rear lane townhomes, two-storey townhomes, and 30’ and 36’ detached homes. Stay tuned, Mattamy will be announcing a new release soon!
Wildflowers - Via Mattamy Homes
Mattamy dominates this Hot Spots list by taking the second position as well with their Kitchener community, Wildflowers. There were 44 sales recently at Wildflowers, and homebuyers have a wide selection of home types at this community. There are village homes, garden suites, village suites, rear lane townhomes, two-storey townhomes, as well as 30’, 36’, and 43’ detached homes. The homes range from 1,001 to 3,164 square feet and prices start from as low as $199,990.
Coming in third is Grand Central by Westin Homes, which had 30 sales at the end of 2015. This Bradford community features 36’, 38’, and 40’ detached homes, ranging from 1,811 to 2,976 square feet. Prices start from $664,990.
Sharon Village - Via Great Gulf Homes
The fourth position is taken by Sharon Village by Great Gulf Homes. This Sharon community saw 28 sales at the end of last year. The community features 22’ semis, as well as 36’ and 40’ detached homes, with prices starting as low as $540,990. With average prices on the rise, we expect to see smaller lots further out from the core continue to grow in popularity this year. Townhomes and 30’ and 36’ detached lots have been very popular, especially among condo owners who are looking to move up and out of the busy city.
Kingmeadow - via Minto
Placing fifth with 22 sales is Kingmeadow by Minto, which is one of the communities that’s responsible for many of the new home purchases in Oshawa. At the moment, the townhomes and 36’ detached homes are sold out, but there is a new release coming soon. There are a few 43’ detached lots available, with homes ranging from 2,514 to 2,968 square feet and prices starting at $677,990.
U.C. - via Tribute
The final position on Trimart’s Hot Spots list is snagged by another very popular Oshawa community, U.C. by Tribute Communities, which saw 18 sales around the end of last year. The townhomes at U.C. range from 1,782 to 1,986 square feet, and prices start from as little as $363,990.
All information courtesy Trimart Research Corporation.
