Despite the mixed forecast for Canadian economic growth in 2017, the housing market looks like it will remain stable this year, says Trimart Research Corporation. Ontario will be the country’s powerhouse as far as housing markets go, especially the Total Market Area (GTA and surrounding areas). The low unemployment rate, high home values, and balanced gas prices help support confidence in the market.
Listed below are a few notable new low-rise sites of the last month:
Placing first on this week’s Trimart Hot Spots list is Saddle Ridge, a new home community in Milton by Starlane Homes. During opening month, there were 134 sales at Saddle Ridge. The community features townhomes, semis, and 40’ detached homes, ranging from 1,701 to 3,123 square feet, with prices starting at $654,900.
Coming in second is Glenway, a new home community in Newmarket by Andrin Homes. During opening month, there were 55 sales and Phase 1 is now sold out! The community featured townhomes ranging from 1,686 to 1,948 square feet, with prices starting at $670,000. Stay tuned for Phase 2 information!
The third spot is taken by Kleinburg Summit by Mattamy Homes. This Keinburg community saw 13 sales last month. The 30’, 40’, 50’, and 60’ detached homes range from 1,765 to 5,490 square feet, with prices ranging from more than $1 million to $2 million. Kleinburg has become known for its new luxury homes and is now a high-end family neighbourhood.
The fourth position is taken by Kingmeadow, a successful new home community in Oshawa by Minto. There were six sales at Kingmeadow last month, and now the townhomes, 36’ and 43’ detached homes are sold out. There is a new release of urban townhomes, ranging from 647 to 1,404 square feet, that you should definitely check out!
Following closely behind with five sales last month is Pinehurst, a new home community in Paris by Brookfield Homes. Pinehurst features 20’ townhomes, 36’ and 43’ detached homes ranging from 1,340 to 3,160 square feet, with prices starting from $344,990.
All information courtesy Trimart Research Corporation.