The top 5 builders with the most new low-rise sales
By Lucas on Oct 12, 2016
The latest report from Trimart Research Corporation announces that new low-rise sales surged in September across the Total Market Area (TMA). The numbers are still coming in, but thanks to the numerous openings and releases, you should expect a high total. Trimart says that urban townhomes and detached homes were selling the most.
Trimart also unveiled the top five builders with the most year-to-date new low-rise sales. Mattamy Homes is in first place with 2,724 sales. Great Gulf is in second with 596 sales and Brookfield is following with 457. Tribute Communities has made 386 sales this year, and CountryWide Homes is trailing closely with 383.
Listed below are a few notable low-rise sites of the last month:
Placing first with 105 sales during opening weekends on this week’s Trimart Hot Spots list is Hometown, a joint project by Fernbrook Homes and Menkes. This new East Gwillimbury community featured 25’, 30’, and 35’ detached homes ranging from 1,713 to 3,071 square feet. Prices reached to just over $1 million, and the home designs are now sold out!
Hometown by Acorn Homes
Acorn Homes also has a selection of detached homes available at Hometown in East Gwillimbury. During the opening weekends, Acorn Homes saw 72 sales. Their collection features 28’, 36’, 40’, and 45’ detached homes ranging from 2,098 to 3,694 square feet, with prices starting at $859,990 and reaching just above $1.2 million.
Minto Longbranch 2
Taking the third position with 52 sales during its opening weekends is Minto Longbranch 2 in Toronto. The first phase of Minto’s Longbranch project was very successful, so it’s not surprising at all to see that Phase 2 was received well. Minto Longbranch 2 features urban townhomes ranging from 547 to 1,357 square feet with prices starting at $379,990.
Cleave View by Regal Crest Homes
The final spot on this week’s Trimart Hot Spots list is taken by Cleave View Estates, a highly successful new home community in Brampton by Regal Crest Homes. There were 15 sales last month. Cleave View Estates features 38’, 47’, 52’, and 60’ detached homes, ranging from 2,608 to 5,464 square feet. Prices range from $997,990 to over $1.6 million.
Everyone’s talking about the new housing market rules that will soon be put in effect. With detached prices averaging over $1 million, the new mortgage rule probably won’t affect the new low-rise market. And it will be interesting to see if foreign investment stays strong despite the lack of potential capital gains exemption.
All information courtesy Trimart Research Corporation.
