Will the New Home Market Heat Up with the Beautiful Weather?
By Lucas on Apr 06, 2015
Canada’s new home market has kind of been up and down over the past few months, according to Trimart Research Corporation. Last February, national housing starts decreased 16.4% to 156,300, much lower than expected for the time of the year. Trimart attributes this dip in starts to the harsh winter across the country. The cold weather didn’t affect Canadian household net worth though, which went up 0.9% in the last quarter of 2014 to a record high of $8.3 trillion. Now that we’re in the second quarter, the spring openings and releases will definitely give the new home market a kickstart.
Listed below are a few notable low-rise sites of the first quarter of 2015:
Aurora Blooms - via Greenpark
Placing first on this week’s Trimart Hot Spots list is Aurora Blooms, a Greenpark community that sold out very quickly in the first quarter of 2015. Aurora Blooms featured a number of beautiful detached homes, but we think it might have been the location that really sold this community, combined with Greenpark’s great reputation for quality building. Aurora is one of the areas that you should definitely keep an eye on this year. There are many builders bringing a wide variety of homes to the town and York region.
The Preserve - via Mattamy Homes
The second spot is taken by The Preserve by Mattamy Homes in Oakville. Late last year, Mattamy sold a bunch of homes at The Preserve, launching Oakville into the top three selling low-rise cities. Last February, they had 19 sales, and there is still a great selection of home types, including rear lane townhomes, two-storey townhomes, and 34’, 38’, 45’, and 50’ detached homes. Prices start at $503,990 and range up to just over $1 million.
Island Towns - via fridayharbourresort.com
Coming in third with 14 sales recently is Friday Harbour, a master-planned community in Innisfil by Geranium Homes. Friday Harbour is comprised of condo units and urban townhomes, and there are a few remaining, ranging from 433 to 1,766 square feet. Prices start at $239,900. This community is ideal for empty nesters, families, and even those looking for a weekend getaway home.
Opportunity - via Touchstone Homes
Placing fourth is Opportunity, a community where Touchstone Homes recently had 12 sales. Located in Richmond Hill, the community features a collection of townhomes ranging from 1,457 to 2,203 square feet, with prices starting at $554,900. Opportunity is an appropriate name for this community because it is a huge opportunity for someone in search of low-rise living in Richmond Hill to enter the market and fulfill their dream of homeownership. Many of the detached homes in Richmond Hill are priced very high at the moment.
Meadowgreen - via Heathwood Homes
It wouldn’t be a Trimart Hot Spots report without mentioning a Brampton community. Heathwood Homes’ Meadowgreen community recently had 10 sales. Their 22’ townhomes range from 1,863 to 2,622 square feet, with prices starting at $541,900. Heathwood is currently offering a great incentive with a purchase at Meadowgreen, giving homebuyers $1,500 worth of moving services. It’d be great to not have to worry about the extra cost of moving all your stuff after buying your brand new home!
All information courtesy Trimart Research Corporation.
