Will the new low-rise inventory satisfy demand until the spring?

According to Trimart Research Corporation, the Total Market Area’s (TMA) year-end sales for new low-rise homes in 2015 was the highest it’s been in the last 10 years! With nearly 25,000 new low-rise sales last year, prices were up due to low inventory levels. But, Trimart is reporting that December 2015 actually saw a 6% jump in inventory, so hopefully the new low-rise inventory is well stocked enough to satisfy demand until the industry hits the market hard with exciting spring releases.

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

Mount Pleasant North by Mattamy Homes

Coming in first on this week’s Trimart Hot Spots list with 15 sales last month is Mount Pleasant North/Village, a very popular Brampton community by Mattamy Homes. The community features two-storey townhomes, as well as 30’, 38’, and 45’ detached homes, ranging from 1,434 to 3,411 square feet. Prices at Mount Pleasant are starting at $428,990.

Fieldstone by Brookfield

The second spot is taken by Fieldstone, a luxury community in Mono by Brookfield Homes. With 10 sales last month, Fieldstone is the community to turn to if you’re in search of a large lot. The detached homes are available on 60’, 70’, and 100’ lots, and range from 2,240 to 3,690 square feet. The amazing thing about Fieldstone is that you’re getting a spacious home on a large lot for a relatively affordable price, with prices starting at $684,990.

Seven Oaks by Fernbrook

Placing third with seven sales recently is Seven Oaks, Fernbrook Homes’ highly successful, luxury Oakville community. The townhomes are sold out, but there are 38’ and 43’ detached homes available, ranging from 2,469 to 3,791 square feet. Prices start at $969,990 and range to more than $1.1 million.  

Huron Woods by Freure Homes

Following closely behind with six sales is Huron Woods by Freure Homes. This Kitchener community features 30’ and 38’ detached homes, ranging from 1,496 to 3,484 square feet, with prices starting at $399,490. There is an interesting array of home types planned for Kitchener, so it will be a very interesting region to keep your eye on this year.

Mayfield Village by Aspen Ridge Homes

Tying for the final position on this week’s Trimart Hot Spots list is Mayfield Village by Aspen Ridge Homes. This master-planned Brampton community features a large selection of home types, including 20’ rear lane townhomes, 25’ townhomes, 30’ and 32’ semis, as well as 38’ detached homes. The homes range from 1,484 to 2,564 square feet and prices start from just $443,990.

All information courtesy Trimart Research Corporation.