Will Strong Economic Activity Drive New Home Sales in the GTA?
By Lucas on Apr 29, 2015
As expected, the Bank of Canada maintained its overnight rate at 0.75%, announced Trimart Research Corporation in their latest report. The Bank of Canada is calling for strong growth throughout the remaining months of 2015. Lower oil prices are having a positive effect in US growth, and there is a strengthening demand for Canadian exports. Economic activity will be accelerated and stay strong well into 2016 thanks to boosted net exports and easier financial conditions. This means that new home sales will likely remain steady and possibly even increase above 2014 levels.
Listed below are a few notable low-rise sites of the last month:
The Preserve - via Mattamy Homes
Placing first on this week’s Trimart Hot Spots list is The Preserve by Mattamy Homes, which was presented with the Project of the Year - Low-Rise Award at this year’s BILD Awards. There were 73 sales at the Oakville community last month. The Preserve features a wide range of home types, including rear-lane townhomes, two-storey townhomes, and 34’, 38’, 45’, and 50’ detached homes, ranging from 1,583 to 4,242 square feet. Prices start as low as $578,990 and reach up to just over $1 million.
Mount Pleasant North - via Mattamy Homes
A Mattamy Homes community is also in the second position, which shouldn’t be a surprise considering they were also awarded the Home Builder of the Year Award at the BILD Awards last week. The Mount Pleasant North/Village community in Brampton saw 61 sales last month. This community features rear-lane townhomes, and two- and three-storey townhomes, ranging from 1,362 to 1,975 square feet, with prices starting at $354,990.
Mulberry Meadows - via Sundial Homes
Coming in third is Mulberry Meadows, an Ajax community by Sundial Homes. Mulberry Meadows offers some beautiful detached home designs on 30’, 36’, and 40’ lots, ranging from 1,195 to 2,822 square feet. The prices at this popular Ajax community start from just $499,990, which is a good price point considering the average price for a new detached home in the GTA has been rising dramatically over the last year.
The Arbors - via Brookfield Homes
The fourth position is occupied by Brookfield Homes’ The Arbors, one of the latest communities to pop up in Aurora. The community features 20’ townhomes ranging from 1,560 to 2,340 square feet, and prices start from $639,990. There is a lot of development in the works in Aurora, and Brookfield is just one of the big names that are bringing some high quality communities to the town’s streetscape.
Friday Harbour - via Geranium and Pemberton
The final spot on this week’s Trimart Hot Spots report is snagged by Friday Harbour by Geranium Homes and Pemberton Group. The master-planned Innisfil community had 10 sales last month, and was also the recipient of two BILD Awards for Best Video and Best Website. The community features a number of stunning urban townhomes, ranging from 433 to 1,766 square feet, and prices start at just $239,900.
All information courtesy Trimart Research Corporation.
