New low-rise inventory continues to decline through the busy spring season

While new low-rise sales in the Total Market Area (TMA) have shown steady gains throughout 2016, there has been a moderate decline in inventory over the last three months, according to Trimart Research Corporation. So far, 26.8% of the annual Trimart forecast has been achieved, and that’s not including all of the busy spring season sales.

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

Springvalley by Royal Pine Homes

Placing first on this week’s Trimart Hot Spots list is Springvalley Village in Brampton, a successful community by Royal Pine Homes. Last month, there were 41 sales at the community, resulting in the semis and 38’ detached homes selling out. There is still a selection of 46’ detached homes, ranging from 3,180 to 3,610 square feet, priced from $949,990. There is also a new collection of 50’ detached homes that will be released soon!

Westfield by Great Gulf

Coming in second is another Brampton community that quickly sold out of its inventory. Westfield by Great Gulf saw 29 sales last month and the 20’ townhomes are now sold out. The 24’ townhomes are temporarily sold out, but there will be a new release coming soon. These townhomes ranged from 1,680 to 2,465 square feet, and townhomes in Brampton are one of the hottest items out there right now, so it’s not surprising that the community sold so well.

U.C. by Tribute Communities

Taking third with 17 sales last month is U.C., Tribute Communities’ very popular Oshawa community. The semis are now sold out, but there are 30’, 36’, and 40’ detached homes available, ranging from 1,409 to 3,099 square feet. Prices start from $554,990.

Westminster Highlands by Reid's Heritage Homes

Following closely with 16 sales last month is Westminster Highlands, a unique community in Fergus by Reid’s Heritage Homes. The community features a wide variety of home types, including two-storey townhomes, bungalow townhomes, and 38’, 42’, and 50’ detached homes. The homes range from 1,223 to 3,056 square feet and prices start from $291,900.

Queensville by Aspen Ridge Homes

The final position on this week’s Trimart Hot Spots list is taken by Queensville, an Aspen Ridge Homes community in East Gwillimbury that saw nine sales last month. Sized at 1,750 square feet, these high quality 23’ townhomes have been selling well. Prices are starting at $550,990.

All information courtesy Trimart Research Corporation.