With the short supply of new low-rise homes in the Greater Toronto Area (GTA), more and more couples and families are exploring surrounding areas for a wider selection and more affordable options. Hamilton specifically is expected to have a hot market this year, which is why we’re excited about Rosehaven Homes and Homes By DeSantis launching On The Ridge 2 this spring.
During the first week of April, On The Ridge 2 will preview to registrants. The second phase of this successful Stoney Creek community features three- and four-bedroom freehold townhomes.
The townhomes will have brick, stone, and stucco exteriors and many of the lots will have extra deep backyards. With open concept layouts, eat-in kitchens with breakfast bars, spacious and bright great rooms, luxurious master ensuites, and convenient second floor laundry, On The Ridge 2 was designed for singles, couples, and growing families alike.
The first phase of On The Ridge is completed along Lormont Boulevard off Highland Road and Upper Centennial Parkway, near Saltfleet High School. We encourage you to drive around the area so you can get a feel for the neighbourly vibe and high quality craftsmanship the community has to offer.
According to the Building Industry and Land Development Association (BILD), the new low-rise market inventory in the GTA dropped to 1,878 homes at the end of last year. 742 of them were detached homes, which means the other 1,100 were semis and townhomes. With the strong demand in the GTA, this weak supply is not enough.
As you’re well aware, if supply doesn’t meet demand, prices tend to rise. The average price of a new low-rise home in the GTA as of the end of 2016 was $995,116, which is unaffordable for most couples and move-up buyers. At On The Ridge 2, prices are starting in the $400,000s, making it a great option for couples looking to upgrade from their condo unit in the city.
On The Ridge 2 in Stoney Creek
Located on the escarpment off Upper Centennial Parkway, just north of Highland Road West and south of Mud Street West, On The Ridge 2 offers stunning views of the Hamilton area and is surrounded by a wealth of amenities, including grocery stores, public and Catholic schools, banks, restaurants, and big box retailers.
On The Ridge 2 will also be within a five minute drive from the new Confederation GO Station at Centennial Parkway, which is scheduled to open in 2019. This makes the community a great option and a sound investment.
Two years after the Stoney Creek GO Station opens, a new station will open in Grimsby (Casablanca Station). There are also plans for future stations connecting to St. Catharines and Niagara Falls. Stoney Creek is already one of Hamilton’s most desirable neighbourhoods and now that it’s going to be connected by GO Transit, expect property values to go up!
Register for On The Ridge 2
Rosehaven and DeSantis will be releasing more information regarding the April registrants preview. In order to receive updates and priority invites, you have to register online!
Don’t miss this opportunity to own a new freehold townhome on the escarpment in Stoney Creek!