New low-rise pricing remains high as sales drop
By Lucas on Jul 28, 2017
As new low-rise pricing remains high, demand strong, and supply low, monthly sales across the Total Market Area (TMA) have dropped again, according to Trimart Research Corporation.
But, as Trimart mentioned last week, there are many new home releases and openings in the pipeline, especially at the end of summer, leading into the typically busy fall season. There should be a little surge in new low-rise supply, which will likely cause a boost in sales. With more inventory, prices should stabilize healthily.
Listed below are a few notable low-rise sites of the last month:
The Brownstones at Westown in Toronto
The Brownstones at Westown by Lindvest
This successful Lindvest community in Toronto has attracted first-time buyers, empty-nesters, and families of all sizes! The attached condo townhomes range up to more than 1,200 square feet, with prices from $309,900.
Kingmeadow in Oshawa
Kingmeadow by Minto
Minto’s community in Oshawa is one of the most successful and highly sought after in the city. The community currently features freehold townhomes and 36’ detached homes ranging from 1,543 to 3,432 square feet with prices from $449,990. Oshawa housing starts hit a record high recently due to the increase in buyer activity; many are looking to the market as an affordable alternative to more central GTA locations.
The Condominiums of Cornell in Markham
The Condominiums of Cornell by Mattamy Homes
As the price of detached homes, semis, and townhomes remain high, more people are turning to the condo market, which is why The Condominiums of Cornell by Mattamy Homes has been on so many people’s radar. The units range from 725 to 1,212 square feet with prices from $429,990.
Trafalgar Landing in Oakville
Trafalgar Landing by Great Gulf
Great Gulf’s community in Oakville has been highly successful this year. Trafalgar Landing currently features condo townhomes and freehold townhomes ranging from 470 to 2,325 square feet with prices from $212,990. Oakville is usually one of the cities with the most new low-rise sales on an annual basis.
Explorers Walk in Kitchener
Explorers Walk by Fusion Homes
Kitchener’s new home market has been heating up this year and Explorers Walk by Fusion Homes has been a favourite community among homebuyers. The community features freehold townhomes and 30’ and 36’ detached homes ranging from 1,150 to 2,700 square feet with prices from $256,900.
All information courtesy Trimart Research Corporation.
