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GTA homebuilders upbeat, foresee post-COVID-19 recovery

GTA homebuilders upbeat about post-COVID-19
recovery

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GTA homebuilders upbeat about post-COVID-19
recovery

The beginning of 2020 was looking especially bright in the new and resale home markets in and around the GTA. The economy was sailing along, interest rates were low, homebuyer appetite looked insatiable and everything that was built or put up for sale seemingly was snapped up in an instant.

Then COVID-19 hit, and everything changed.

Here we are now, mid-year and a few months into the pandemic, and while some insecurity remains, there are growing reasons for optimism.

The Conference Board of Canada, for example, reports that while major metropolitan economies may contract in 2020, assuming the virus’ spread is contained and companies can return to normal operations over the summer months, a recovery should begin in the second half of the year. Sharp rebounds should follow, and in the case of Toronto, GDP growth of 3.2 per cent from 2021 to 2024 could lead the country.

Another source, Altus Group, points out that the unique nature of this economic slowdown means the impact on housing markets will likely be mild and short lasting.

Altus Group Vice-President and Chief Economist Peter Norman says a relaxing of containment measures through early summer should bring a sharp resumption in new home sales activity.

Later in the year, home prices will likely return to their upward path, and expectations are for a five- to 10-per-cent year-over-year gain, nationally, by year-end.

The pandemic has been a challenging time for the homebuilding industry, an important economic driver. Construction was halted for a period, and though now allowed to resume, there is still some uncertainty in the market. Builders, however, remain largely upbeat.

Here’s how GTA area homebuilders are feeling:

Altree Developments

Jordan Debrincat
Director of Operations

We are very excited that construction can now continue on our sites. For our Thirty Six Zorra project in Etobicoke, we were at the point in our construction where we were just about to begin shoring and excavation before the shutdown took place, and we have to make some adjustments to our daily operations for this site. Now that construction is back up and running, we are ready to begin – full steam ahead. We were already ahead of schedule, so the provincial shutdowns didn’t affect our timing at all.

Construction resuming has put a lot of people at ease. This has allowed a number of people to return to work, developers to continue their operations, and purchasers the comfort that their home is going to be delivered on time.

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Aoyuan International

Vince Santino
Senior Vice-President of Development

M2M in North York is actively under construction. We’ve learned some great lessons about best practices and how to interact with each other when it comes to social distancing and providing a safe, informative sales experience. Part of that is adopting virtual sales tools, and leaning a little more on digital technology. We’re optimistic, and have plans to release a collection of townhomes and upper tower suites at M2M as part of M2M Spaces. These will be larger, more livable units, with a variety of outdoor spaces depending on the suite. There is a real emphasis on wellness, and pairing more spacious suites with the urban setting at Yonge and Finch.

The 8.6-acre M2M development will be one of Aoyuan’s largest master-planned communities in Canada and really gives us the opportunity to bring our healthy lifestyle vision to life. Everything from our amenity package, which includes a yoga and fitness area, indoor and outdoor kids play area and infinity pool, to our urban location, is geared around promoting healthy, active lifestyles. This corporate-wide focus on health and wellness positions us well in our collective, new reality. We’re thinking about the people who will be living at M2M, offering a range of suites sizes to accommodate a diverse cross-section of residents. We’re even providing homes for multi-generational families. I think space is going to be a cherished amenity for a lot of buyers, and we’re proud to be bringing a range of options to market.

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Carriage Gate Homes

Nick Carnicelli
President

Construction continues at Gallery Condos + Lofts in Burlington, with occupancy scheduled for 2022.

We moved the launch date for the first phase of our new large masterplanned community in Hamilton – Roxboro – from spring to the fall. Like many builders, we are continuing to plan for our launch, and may begin to change the way we launch projects in future. More virtual technology, no large crowds, with all appropriate COVID-19 measures in place.

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Flato Developments

Shakir Rehmatullah
President

We are very optimistic, as we’re already witnessing renewed confidence from homebuyers. We’re increasing our use of technology, as meeting virtually will become the new norm. For us, it’s business as usual. Our sites are under construction as planned, and more sites are beginning construction as per the government’s direction. We have been active in marketing, even though we couldn’t do physical sales events, and we have been conducting online webinars with good results. For new launches, we’ll likely adopt new technologies such as virtual openings for certain projects, to make sure vulnerable groups such as seniors are safe.

We believe the demand for lowrise homes and small buildings will increase as people embrace social distancing. And since more people will be working from home, many will invest more in their homes. Home offices will be a must.

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Menkes Highrise

Jared Menkes
Executive Vice-President

We are seeing signs of pent-up demand and positive sentiments among buyers, with the number of inquiries and people resuming their housing research growing every week. We expect that as the economy continues to reopen, buyers will regain confidence in their financial stability and capacity to buy.

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NATIONAL HOMES

Deena Pantalone
Principal

We have taken the COVID-19 situation very seriously, with offices open only via video or telephone. Now that the provincial government has opened up construction, we will continue to put the safety of our employees and our buyers first with strict protocols and social distancing.

Construction servicing is beginning at The Forest in Bradford, and in Brampton at Three Rivers Claireville. We are also beginning to book design studio appointments for this summer, with an even more personal, one-on-one approach to keep us all safe and healthy.

The demand is clearly still there for real estate. If anything positive can be said to have come from COVID-19, it’s that this virus has refocused our attention on the importance of our families, and the homes we live in.

Many people just need more from their residence; more space, different features, or even a different neighbourhood. That’s why we expect to see a strong market come back later this summer and fall. In fact, we have two new communities we are working towards launching, in Burlington and in Courtice, and we are incorporating unique features and technology that we believe people will want post-pandemic. So, homebuyers should look forward to not just new launches, but new innovations.

From recycling to renewable materials to energy-efficient features and Green products, to innovative new prefabricated wall systems, National is helping our buyers reduce their “Greenprint.

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Pinnacle International

Anson Kwok
Vice-President, Sales & Marketing

The market definitely took a quick pause to look both ways but people are now back to crossing the street, which is positive for the marketplace. Our construction teams were active and our projects continue to rise.

Pinnacle has a diverse offering of projects that can suit any prospective homebuyer. We have four active constructions sites and pre-construction developments, so there are opportunities to move in as early as this fall to the next five years. These master-planned communities are located in desirable neighbourhoods in Toronto, Etobicoke and Mississauga.

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Regal Crest Homes

Art Rubino
Contracts Manager/Marketing Manager

Construction has never stopped for us since the province declared residential construction as an essential service. New construction starts only follow up last year’s sales. The real story will be the coming weeks, as we slowly open up sales offices.

We are here to fulfill homebuyers’ dreams, and with interest rates still so low, it’s an excellent time to buy.

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Solmar Development Corp.

Angela Marotta
Director of Marketing and Sales

We are fortunate that our current projects are more than 80 per cent sold, as we launched well before COVID-19. The other projects we have coming up are still in preliminary stages, however they have been pushed back as consultants and city officials have yet to resume full-time scheduling. We are focusing on the planning process for Park Avenue Tower 3, and Bellaria Phase 2 in Vaughan, as they’ve been delayed.

We are continuing with the construction of Edge and Oro towers in Mississauga and Park Avenue towers 1 and 2. Our goal is to catch up and get our purchasers moved in. Many of them are renting, so this investment is giving them something to look forward to. It’s evident that as other markets show so many variables and uncertainties given the current climate, real estate remains a secure investment.

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Tridel

Samson Fung
Vice-President, Marketing

We were fortunate to be able to continue construction and delivering homes to our homeowners. We implemented strict enhancements to our health and safety protocols on our construction sites to help safeguard the well-being of our employees and the communities we’re building, and these will remain in place as things begin to open up. Generally, we remain optimistic and see the industry as a whole preparing to adopt new measures and stabilize within this new environment. We’re proud of our efforts over the last few months, and our resilience as we come back stronger as leaders in both real estate and construction, and we’re looking forward to a strong finish in 2020.

As we move into the second half of 2020, we’re eagerly preparing to bring new communities to the marketplace. In the meantime, our design appointments and pre-delivery inspections with homeowners have continued through the spring and we’re looking forward to welcoming our homeowners back when we can. This new era forced us to be innovative in a different way. We are putting new safety measures in place for all of our customer-facing environments and discovering new ways to connect with our audiences. Our new digital experience, called Tridel Live, brings more information directly to the consumer; from a live chat with our sales team and virtual tours of our model suites, to access to more digital assets for our sales team, and more. This is just the beginning of a new way of meeting our clients’ needs and finding new ways to meet them.

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Gallery Condos + Lofts

Carriage Gate introduces Gallery Condos + Lofts – an exciting new community

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Carriage Gate introduces Gallery Condos + Lofts – an exciting new community

Picture yourself living in the heart of Burlington’s downtown core right across from City Hall at Gallery Condos + Lofts by Carriage Gate Homes. This exciting and vibrant community introduces Burlington’s most anticipated lifestyle opportunity.

Residents will be able to enjoy music, dance and theatre performances at the Burlington Performing Arts Centre and take in the exhibits at the Art Gallery of Burlington. They can walk to fine eateries and bistros, and stroll to Spencer Smith Park, with its scenic waterfront promenade. The park is the site of numerous events throughout the year – the Sound of Music Festival and Ribfest are just two of the many festivals that take place in beautiful downtown Burlington. The Brant St. Pier, extending 132 metres into Lake Ontario, provides breathtaking views of the lake and the city’s shoreline.

At Gallery Condos + Lofts, it’s the details that make the difference. The suites are modern with luxury finishes, open-concept layouts and chef style kitchens to bring together family and friends over the art of food. The custom cabinets, vanities, and quartz countertops add a sophisticated touch to the suites. The oversized terraces with barbecue connections in the tower suites maximize usable space, making them a pleasure to live in. Suites range in size from 500 to more than 1,600 sq. ft., with most of the tower units averaging a little less than 1,000 sq. ft.

“The soft lofts on the gallery level are a first for Burlington,” says Nick Carnicelli, president of Carriage Gate. They will feature soaring ceilings, barn style doors, and concrete accent walls. The master ensuites offer a one-of-a-kind four-piece spa experience. The signature feature places the tub in a five-by-five-ft. rain room which has been meticulously curated by award-winning Tomas Pearce Interior Design. There are units that will appeal to everyone from young buyers looking to buy their first home, to mature adults seeking to downsize, but who still want space for entertaining family and friends.

When it comes to a great lifestyle, you don’t have to venture far from your home at Gallery Condos + Lofts, thanks to an impressive list of onsite amenities, including a magnificent indoor pool, a private yoga room, fully-equipped fitness facilities, pet spa, party room with private dining area, and billiards lounge. From the top of the 22nd floor, residents and their guests will enjoy spectacular lake views in every direction from the rooftop oasis, with a fire feature, lounge areas, and barbecues for alfresco dining.

Burlington offers excellent value for buyers looking for urban amenities and a great location. Gallery Condos + Lofts has 159 units, with prices starting from the $400,000s to more than $1 million. Perfectly positioned at Brant and James St., the building is adding to the colourful palette of the downtown core with its pedestrian-friendly urban location. The wide streetscapes on three sides of the building offer the perfect place for plenty of new trees, street furniture and outdoor patio space. As the city of Burlington undergoes a revitalization, these streetscapes will go a long way to improve the downtown core, while still offering a quaint yet hip feel that residents will revel in.

Demolition is scheduled to start this summer, with an official groundbreaking for Gallery Condos + Lofts anticipated in the early fall, and move-ins projected for spring of 2021.

There is no doubt that the city exudes an electric vibe, a place full of life and energy, which Gallery Condos + Lofts is pleased to be right in the centre of.

About Carriage Gate

Carriage Gate has been building in Southwestern Ontario areas for more than 30 years. It has created award-winning communities in Hamilton, Ancaster, Stoney Creek and Oakville. As a visionary company specializing in the construction of high-quality homes, modern condominiums, commercial developments and urban highrise communities, Carriage Gate celebrates the past and ensures its commitment to being “Home to New Living.”

For further information, including preconstruction sales opportunities, visit the sales office, located at 2107 Old Lakeshore Rd. The sales office is open from 1 p.m. to 7 p.m. Monday to Thursday, and from noon to 5 p.m. weekends; closed Fridays.

905.637.3885
carriagegatehomes.com
info@gallerycondominiums.ca


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Gallery Condos + Lofts

Gallery Condos + Lofts offers urban-inspired living in Burlington

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Gallery Condos + Lofts offers urban-inspired living in Burlington

Situated in the heart of downtown Burlington, just west of Toronto and directly across from city hall, Carriage Gate’s Gallery Condos + Lofts will offer homeowners modern luxury and all the creature comforts of home.

The 159 suites have been meticulously curated by award-winning Tomas Pearce Interior Design. The art-inspired lobby features two-storey ceilings, an integrated fireplace, and luxurious lounge seating beneath a cascading designer chandelier. An understated elegance is enhanced with original artwork and sculptures throughout the building.

For creative souls

Priced from the $400s, suites at Gallery Condos + Lofts will range in size from 514, to more than 1,600 square feet. Pre-construction pricing is still available for a limited time. The tower suites feature expansive windows, oversized balconies/terraces with gas barbecue connections, as well as spacious open-concept floorplans, chef-style kitchens and nine-foot ceiling heights. “Interiors have been designed for the way that you live, with most of the tower units averaging close to 1,000 square feet,” says Nick Carnicelli, president of Carriage Gate Homes. “The attention to detail that we’ve put into these extraordinary kitchens, is sure to bring out the culinary artist in you.”

The soft lofts on the gallery level of the 22-storey building, boast unique urban finishes, barn-style doors, concrete accent walls and 10-foot ceiling heights. The signature, master ensuite, includes a one-of-a-kind, four-piece wet room, elevating it to a spa-like experience.

Building amenities will include an elaborate party room with separate dining and billiard spaces on the second floor, as well as a gym and a yoga room that open to the outdoors, and a spectacular indoor pool. From the top of the 22nd floor, a rooftop oasis provides breathtaking views. Lounge in luxury, or dine alfresco, while overlooking downtown Burlington and Lake Ontario. A 24-hour concierge service, and pet spa, round out this fine living experience.

The extended community

Energetic, vivid, dynamic and full of life, Burlington is undergoing a revitalization. As a further expression of the artistic vibe of this city, Gallery Condos + Lofts is adding to the colourful palette. The building will be situated at the corner of Brant and James Streets, with wide streetscapes on all three sides of the building. A lushly landscaped piazza-style environment will feature patios, dining and street-level retail – the perfect gathering place.

Gallery Condos + Lofts positions residents in the centre of all that Burlington has to offer, including cultural events, festivals and year-round activities. Walk or bike along the 32-kilometre Brant Street Pier, and take advantage of an abundance of shops and restaurants in downtown Burlington.

Carriage Gate Homes has been building award-winning communities in southwestern Ontario for more than 30 years. Gallery Condos + Lofts is one of their finest developments.

CONTACT INFORMATION

carriagegatehomes.com


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Burlington Gallery Condos + Lofts

Burlington Gallery Condos + Lofts are art-inspired with modern design

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Burlington Gallery Condos + Lofts are art-inspired with modern design

Coming soon to downtown Burlington, Gallery Condos + Lofts will feature 159 art-inspired tower suites and soft loft units with urban finishes, higher ceilings barn style doors, concrete accent walls, and track style lighting. The modern design curated by renowned Tomas Pierce Interior Design boasts open concept layouts, as well as large balconies and terraces, that are perfectly positioned for breathtaking views in every direction. Aside from the 10-ft.-high ceilings, the lofts’ master ensuite offers a one-of-kind, four-piece spa bath. This signature feature places the tub in a five-by-five-ft. rain room which will add a unique touch to the spa like experience. The soft loft concept, will make up about 20 per cent of the residential units and is new to the market. The building is designed for living, as most of the tower units average slightly less than 1,000 sq. ft., with large chef style kitchens, stainless steel appliances, quartz countertops and large outdoor spaces with gas barbecue connections.

Located on Lake Ontario, the city of Burlington offers residents a safe and friendly environment as well as fabulous restaurants, shopping, festivals, events and a culturally rich arts community. Gallery Condos+ Lofts will place residents in the centre of it all. The 22-storey building will feature a four-storey podium with a unique cutaway corner and wide streetscape for the public to enjoy.

Building amenities will include an elaborate party room with separate dining and billiards spaces on the second floor, as well as a gym and yoga room that opens to the outdoors for indoor or outdoor practice and a spectacular second floor indoor pool. There will also be an extensive rooftop feature including separate dining, lounge and barbecue areas in addition to fire features. All of these spaces will showcase the spectacular views the building offers.

From the top of the 22nd floor, residents and their guests will enjoy the lake, harbour into Hamilton and the Toronto skyline. Nick Carnicelli, president of Carriage Gate Homes, credits the unique positioning of the building, along with its design, for the fact that many of residents will enjoy these views from their suites as well. Carnicelli explains that the wide streetscapes on three sides of the building of Brant, James and John Streets offers the perfect space for plenty of new trees, street furniture and even outdoor patio space. As the city undergoes a revitalization, these streetscapes will go a long way to improve the downtown core while still offering a quaint yet hip feel that residents will revel in. The close proximity to City Hall and Civic Square make it an ideal location for those who work in the city or want to enjoy all it has to offer on their time off.

The builder goes on to explain that the location is full of vitality and he’s excited to tap into that. “This is an art-inspired project,” Carnicelli says of his desire to make a contribution to public art as part of the development. The plan is to engage local artists in the project with the intent of featuring local art in the building’s lobbies and common areas.

About Carriage Gate Homes

The company has been building in the Southwestern Ontario area since 1988, including infill and custom homes, and commercial developments. It has created award-winning communities in Hamilton, Ancaster, Stoney Creek and Oakville. The Berkeley Hotel inspired condominium is now under construction in downtown Burlington with registration planned for spring/summer this year.

Prices start from $400,000 with suites ranging in size from 500 to more than 1,500 sq. ft..


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