New home releases and openings stimulating the new low-rise market
By Lucas on Sep 20, 2016
Trimart Research Corporation’s latest report states that new low-rise openings and releases in September are starting to stimulate the market. With over 20 new home releases and openings across the Total Market Area (TMA) scheduled for September, we can expect strong sales to push into next month. There have also been a few announcements about October openings.
The outskirts of the Greater Toronto Area (GTA) and surrounding areas are seeing a lot of action, while Brampton, Milton, and Oakville are still pushing strong with plenty of new low-rise sales. As low-rise prices continue to rise in the central area of the GTA, more buyers are turning to surrounding areas for more options and more affordable prices.
Listed below are a few notable low-rise sites of the last month:
Arbor Peaks by Great Gulf
Placing first on this week’s Trimart Hot Spots list is Arbor Peaks, a new home community in Milton by Great Gulf Homes. There is a selection of semis available ranging from 1,615 to 2,185 square feet, with prices starting from $637,990. There is also a new release of 21’ townhomes and 36’ detached homes coming soon.
The Preserve by Mattamy Homes
Placing second is The Preserve, a new home community in Oakville by Mattamy Homes that saw 12 sales last month. There are boutique condo units and townhomes, ranging from 925 to 3,057 square feet with prices starting at $408,990. There are also 34’, 38’, 45’, and 50’ detached homes. You need to go to the sales centre at 1388 Dundas Street West for detached home pricing.
Friday Harbour by Geranium Homes
Tying for second with 12 sales last month is Friday Harbour in Innisfil by Geranium Homes. This resort-style community features boardwalk condos, harbour flats, and marina towns, ranging from 525 to 1,618 square feet. The larger marina towns are now sold out. Prices range from the $300,000s to over $1 million.
Westminster Highlands by Reid's Heritage Homes
Placing third with eight sales last month is Westminster Highlands, the highly successful Fergus community by Reid’s Heritage Homes. Westminster Highlands features two-storey townhomes, bungalow townhomes, and 50’ detached homes, ranging from 1,223 to 3,056 square feet. The 38’ and 42’ detached homes are temporarily sold out, but there is a new release coming soon. Prices start from $291,900.
Grand River Woods by Fernbrook Homes
The final position on this week’s Trimart Hot Spots list is taken by Grand River Woods, Fernbrook Homes new home community in Cambridge, which also saw eight sales last month. Grand River Woods features 30’, 35’, and 40’ detached homes, ranging from 1,420 to 3,360 square feet. For prices, visit the sales centre at 10 Limerick Road, Cambridge.
All information courtesy Trimart Research Corporation.
