GTA’s Low-Rise Scene Showing Strong October Sales

As the figures for new low-rise homes for October continue to pour in, Trimart Research Corporation is predicting another significant increase in sales. In October alone, there were 24 new openings and releases throughout the Greater Toronto Area (GTA). Including September, there have been nearly 80 new openings and releases in the last two months! Inventory is up, sales are up, and the GTA’s low-rise market is continuing strong into the holiday season.

Listed below are a few notable sites of the last month:

U.C. - via Tribute

Taking the top spot on this week’s Trimart report is U.C. by Tribute Communities. Located in Oshawa, the community saw 59 sales last month. With an extensive array of semis and 30’, 36’, and 40’ detached homes, ranging from 1,444 to 5,578 square feet, U.C. is probably one of the largest selections of new homes you will find in Oshawa. Prices are starting as low as $334,990.

Springvalley - via Royal Pine Homes

Coming in second with 36 sales last month is Springvalley by Royal Pine Homes. Located in Brampton, it’s no surprise that this high quality community is selling so well. Springvalley features semis and 38’, 40’, and 50’ detached homes, ranging from 1,615 to 4,560 square feet. Prices are starting at $413,900. As you’re probably aware, Brampton is the top selling city for new low-rise homes, with nearly 4,000 sales this year.

Vales of Humber - via Greenpark

So, it makes perfect sense that Vales of Humber, another Brampton community by Greenpark is taking the third position with 35 sales last month. This community features some of the largest lots you will find in Brampton, with a large selection of 50’, 55’, 86’, and 100’ detached home designs. The homes range from 1,926 to 7,683 square feet, so they are perfect for medium and large sized families. Prices start at $673,990 and reach to just more than $1.5 million.

Southfields - via Monarch

Following closely behind in the fourth spot is Village of Southfields, a Caledon community by Monarch. Village of Southfields features townhomes and 43’ detached homes, ranging from 1,630 to 3,971 square feet, with prices starting at $397,990. Throughout the fall, townhomes have been one of the best selling home types as they have become an affordable option for first-time homebuyers.

Urbantowns - via Treasure Hill Homes

Placing fifth with 15 sales is Urbantowns on Bayview, a new community by Treasure Hill Homes in Richmond Hill. This popular townhome community has been selling well since it opened. The remaining townhomes range from 1,904 to 2,460 square feet and prices are starting at $729,900.

Greenbrook - via Lakeview Homes

Coming in the final position on the Trimart report is another townhome community called Greenbrook Village, a Shelburne community by Lakeview Homes. These townhomes range from 860 to 3,240 square feet and prices start as low as $279,990. It’s rare to find townhomes that are over 3,000 square feet, so it’s definitely worth looking into Greenbrook Village.

All information courtesy Trimart Research Corporation.