Outlook 2020 – Nick Carnicelli, President, Carriage Gate Homes
Part of our series of Outlook 2020 Q&As with building industry executives
Condo Life: How do you see the outlook for the new home industry in 2020?
Carnicelli: We are going to see a very positive market. Spring will be very strong, with a number of very exciting projects coming forward. A diverse selection of housing will be available that will meet the many needs of new-home buyers. With interest rates remaining relatively low, and a strong influx of immigration, the economy will remain strong.
CL: And for your company?
Carnicelli: We think 2020 will be Carriage Gate‘s biggest year, following a very exciting 2019, with the launch of our Roxborough Park development. This is the largest development we have ever been involved in. The project will feature a dynamic and affordable mix of housing types in Hamilton’s east end – three-storey towns, back-to-back towns, affordable and market rental apartments.
CL: What is your company doing to address the issues facing the homebuilding industry – namely, affordability and new home supply?
Carnicelli: Carriage Gate continues to innovate and bring new products to market to address housing supply and affordability. We work with a talented team of individuals and many of the industry leaders to meet homeowners’ needs. Our newly expanded construction team will lead, our renowned architects and creative consultants will innovate, and our customer-centric team at Carriage Gate will push the envelope to find new creative approaches to homeownership. The Roxborough Park master-planned community coming in spring 2020 will introduce a wide variety of home styles and address more affordable housing options.
CL: What more could the industry do to address these issues?
Carnicelli: The building industry must not be complacent. We must continue to work with all levels of government to spearhead many of the changes needed to support our ability to provide affordable, high-quality housing to meet the needs of a diverse range of homebuyers. Our industry does more than just build housing. We must work together with our municipal partners to create “whole” communities with a full complement of services and amenities to improve the quality of life, not only for the existing residents but for future generations.
Now more than ever, municipalities must work together to bring forward the changes needed. In many instances, the municipalities may not have a staff complement that is familiar with the types of development and redevelopment proposals that will be bringing forward. These municipalities need our continued support. At Carriage Gate, we work closely with our municipal colleagues to promote the efficient review and consideration of new applications and many of the new and emerging municipal initiatives that fundamentally impact our business. We encourage the building industry to do the same.
CL: What should prospective new-home buyers know about your company for 2020?
Carnicelli: We are committed to continuing to bring innovative and high-quality projects to market. Construction will move into high gear at Gallery Lofts + Condos in downtown Burlington, with occupancy planned for 2022. Roxborough’s new master-planned community will come to market, in which Carriage Gate will play an integral role in the revitalization of downtown Hamilton, with the launch of one of the city’s biggest inner-city developments. We will forge ahead with the planning of a number of new condo projects through public engagement and consultation with our key stakeholders, and are looking forward being a part of downtown Burlington’s exciting evolution.
CL: Why should prospective new-home buyers consider buying from Carriage Gate in 2020?
Carnicelli: Burlington may just be the best place to live in Canada. It offers residents a safe and friendly environment as well as fabulous restaurants, shopping, festivals, events, a culturally rich arts community, and access to the Niagara escarpment.
Carriage Gate’s first downtown condominium, The Berkeley, geared to transitional buyers who appreciate a luxurious hotel-style environment, occupied earlier in 2019. Our next project, Gallery Condos + Lofts at 421 Brant Street, is now under construction, with occupancy to begin in 2022. Located directly across from City Hall in the heart of downtown, Gallery Condos + Lofts is within walking distance of everything you could imagine.
Available suites range from 500 to more than 1,600 sq. ft., with layouts that will appeal to everyone from young buyers looking for their first home, to mature adults seeking to downsize, but who still want space for entertaining family and friends. Carriage Gate continues to be an integral part of downtown Burlington’s exciting evolution, with a number of projects in the planning stages.
Specializing in the construction of high-quality homes, modern condominiums, commercial developments and urban highrise communities, we embrace the future, appreciate the past and celebration the dedication that has brought us to this point, where we can ensure our commitment of being “Home to New Living.”
Special Report: Outlook 2020