Tag Archives: Guelph

Terra View Homes set to launch energy efficient community in Guelph

Terra View Homes set to launch energy efficient community in Guelph

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Terra View Homes set to launch energy efficient community in Guelph

Terra View Homes is gearing up for the fall launch of residential home sales in its highly anticipated NiMa Trails project in Guelph.

NiMa Trails will include 360 units of multi-block and single-detached homes all built to the Net Zero Ready standard and offered in a variety of layouts, ranging from 1,700 to 3,600 sq. ft. The multi-phase community infrastructure for Phase 1A and 1B is nearing completion.

With upwards of 180 multi units planned for the development, residential space will make up the majority of the 34 acres that the project spans in the city’s north end. NiMa Trails will also include proposed commercial and office space, a community trail, three wetland areas, and a large community park.

“It is incredibly exciting to finally be launching this project and all it has to offer to those looking to purchase a new home in this vibrant community,” says David Brix, president of Terra View Homes. “We’re looking forward to bringing this unique addition to the Guelph residential market.”

Set to be Guelph’s most energy efficient community, NiMa Trails will include the notable Terra Condos project, which is scheduled to break ground in the coming months. Selected as one of the 16 projects chosen to be a part of the Canada Green Building Council’s (CaGBC) Zero Carbon Building Standard pilot program in 2017, the construction of Terra will help create and inform the CaGBC’s Zero Carbon Building Standard for energy efficient buildings and future building stock across the country.

Terra Condos is set to be one of the first of its kind in Canada – a modern, socially responsible boutique condo building that leaves zero carbon footprint by drawing on green power from solar and geothermal energy sources.

terra-view.com


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Things are turning green in Guelph

Things are turning Green in Guelph

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Things are turning Green in Guelph

If buying and living Green is important to you, you may want to head to Guelph, Ont., where Terra View Homes recently won the 2020 Energy Star Canada Builder of the Year Award, in the small builder category, for new home construction.

The Energy Star Canada Builder of the Year Awards recognize Canadian new-home builders that demonstrate excellence and best practices in the Energy Star for New Homes (ESNH) program. Winners are selected based upon activities that advance market transformation towards improved energy efficiency in Canada.

“This award demonstrates not only our commitment as a builder to the Energy Star New Homes program, but also to helping our homeowners use less energy, diminish their carbon footprints and contribute directly to the fight against climate change,” says Terra View President David Brix. “It is an absolute honour to be recognized for our commitment to environmentally conscious and energy efficient building across the country.”

terra-view.com

 


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Hamilton

First-time homebuyers may catch a break in certain Ontario markets

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First-time homebuyers may catch a break in certain Ontario markets

Hamilton

Attention would-be homebuyers in the Greater Golden Horseshoe: Recent home price trends indicate the recovery is on, but there are still some opportunities for first-time buyers in certain areas.

According to the latest Royal LePage House Price Survey and Market Survey Forecast, year-over-year home prices made modest gains in many regions across Canada in the third quarter of 2018. The national trend was largely influenced by price appreciation in Greater Vancouver, while property in the Greater Toronto Area experienced continued year-over-year price declines, with modest gains in value when compared to the previous quarter.

The Royal LePage National House Price Composite shows that the price of a home in Canada increased 2.2 per cent year-over-year to $625,499 in the third quarter of 2018. When broken out by housing type, the median price of a two-storey home rose 1.4 per cent year-over-year to $736,337, while the median price of a bungalow climbed 1.5 per cent to $519,886. Condominiums continued to see the highest rate of appreciation nationally when compared to the detached segment, rising 6.7 per cent year-over-year to $441,240.

Looking ahead, Royal LePage projects a further uptick in home price appreciation in the fourth quarter, forecasting a 1.5-per-cent increase in the aggregate price of a home in Canada over the next three months.

ECONOMIC FUNDAMENTALS

“Positive economic fundamentals, supported by a new agreement on trade, should bolster consumer confidence across Canada and stoke demand in the nation’s real estate market,” says Phil Soper, president and CEO, Royal LePage. “Dangerously overheated regions have cooled considerably this year, while home prices have remained remarkably resilient. This is the soft landing that policy makers were hoping for.”

“I am concerned that the slower market will cause housing supply issues to be shuffled aside for other priorities,” Soper adds. “The return of runaway home prices in the country’s largest markets remains a real threat. Not this year, but in the near future. Job growth is strong, Canada is attracting more of the best and brightest from around the world and the large millennial cohort is putting increasing pressure on our limited new housing stock. It is imperative that all levels of government address looming supply shortages, particularly in affordable housing.”

After a number of years where Canada’s major real estate markets were tilted decidedly in favour of home sellers, 2018 has provided relief for many purchasers, particularly first-time buyers. “The desire to own a home remains strong with younger families,” says Soper. “Single-digit price appreciation makes pursuing the dream of home ownership a realistic proposition for many.”

FIRST-TIME OPPORTUNITIES

During the third quarter, Ontario continued to see noticeable differences between appreciation rates in the GTA and surrounding Golden Horseshoe cities and beyond. Despite some price relief in the GTA, buyers – particularly young families – from the region are venturing out to other Southern Ontario cities in search of more affordable homes, where price points are still significantly lower.

In contrast, over the same period, the aggregate price of a home in the GTA remained relatively flat year-over-year, depreciating 0.4 per cent to $836,402. The City of Toronto maintained solid ground, increasing by a healthy 5.2 per cent, while nearly every suburban region studied, except for Mississauga, posted year-over-year price declines. However, quarter-over-quarter, the aggregate price of a home in the GTA rose 1.3 per cent. By the end of the fourth quarter, Royal LePage expects the aggregate price of a home in the GTA to rise to $853,097, a further 2.0 per cent over the third quarter of 2018.

“The GTA is emerging from a housing correction that was triggered by a combination of eroding affordability and government intervention,” says Soper. “The introduction of the mortgage stress test in particular slowed activity in Toronto’s ‘905,’ bringing lower prices to the over-heated suburban region. Quarter-over-quarter trends are pointing to the end of this correctional cycle and the beginning of a modest recovery in the region.”

HOTTEST 5 GGH MARKETS BY PROPERTY TYPE

Median price growth, year-over-year, third quarter 2017-18, Royal LePage

DETACHED TWO-STOREY

Niagara-St. Catharines
9.4%
$434,946

Kitchener-Waterloo Cambridge
6.5%
$541,134

Guelph
6.2%
$589,682

Hamilton
5.1%
$606,671

Toronto
4.7%
$1.268M

 

DETACHED BUNGALOW

Niagara-St. Catharines
7.2%
$394,337

Hamilton
5.1%
$509,384

Guelph
4.9%
$501,329

Kitchener-Waterloo Cambridge
3.5%
$458,370

Vaughan
2.3%
$1.279M

 

CONDOMINIUM

Toronto
9.3%
$561,733

Mississauga
9.1%
$415,733

Hamilton
8.9%
$344,422

Kitchener-Waterloo Cambridge
7.8%
$302,184

Scarborough
6.8%
$387,149

 

RELATED READING

5 affordable neighbourhoods for detached homes in 416 and 905

GTA housing market correction coming to an end, ReMax says

6 Ontario municipal elections to watch regarding housing

 

 

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Editor's Choice: Granite Homes

Editor’s Choice: Granite Homes

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Editor’s Choice: Granite Homes

New release of the award-winning Gallery Towns in Guelph

Gallery Towns by Granite Homes are not only making waves for their unique contemporary exteriors, but also have homebuyers and investors buzzing about their prime location. Located in south Guelph, the Gallery Towns are close to the university and many desirable amenities.

The appeal of their remarkable design begins with the striking modern exteriors. Details such as Maibec siding, stucco, aluminum panel accents, along with flat roofs, black windows and glass garage doors, work together to provide a rare and attractive design.

Inside, there’s over 2,000 square feet of bright three-level living with optional floorplans including a guest suite and dual master bedroom. Prices start at $619,990.

These townhomes boast a well-designed open-concept floorplan with large windows, luxurious finishes and three exceptional outdoor living spaces — private yard, main floor deck and a balcony off the master bedroom.

Nine-foot ceilings grace the main floor, which includes a stylish kitchen that includes an expansive island, granite countertops, Moen pull-out faucets and custom cabinetry with soft-close doors and drawers.

A spacious ground floor family room provides a quiet retreat from the main level with access to the backyard. Scenic views can be enjoyed from the large deck off the great room, which features a six-foot-high privacy fence.

Upstairs a lavish master suite awaits, featuring a private balcony, a large walk-in closet and a spa-like ensuite boasting granite countertops and a walk-in tiled shower with frameless glass door. Two additional generous-sized bedrooms are located at the front of the house, along with a spacious main bathroom and conveniently located laundry room.

These homes also offer several luxury options to suit the unique needs of the buyer. From walkout lots to private elevators, homeowners can personalize their Gallery Town. The ground level, which features an extra-deep garage for added storage, can also be converted to a guest suite with a private three-piece bathroom. For a homeowner desiring two bedrooms instead of three, the option to convert the top level to a dual-master is available. Finally, an optional finished basement provides yet another entertaining space with endless possibilities.

A large forest borders the community, allowing convenient access to a vast trails network and within the community there is a private park. The community’s ideal midtown location puts residents in the hub of great shopping, restaurants, schools and professional services, and it’s just 10 minutes to Guelph’s downtown core. Local transit service runs right by the neighbourhood and, for those who commute, Highway 401 is just 10 minutes away and Highway 7 is a 15-minute drive.

GRANITE HOMES
Gallery Towns

Located at 60 Arkell Road, Guelph, the Model Home is open Monday and Tuesday from 2 to 7 p.m., Wednesday, Saturday, Sunday and holidays from noon to 5 p.m.; closed Thursday and Friday.

1.519.362.4678


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The Consultant: Time to get building in Brantford, Kitchener and Collingwood.

The Consultant: Time to get building in Brantford, Kitchener and Collingwood.

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The Consultant: Time to get building in Brantford, Kitchener and Collingwood.

by Ben Myers

The next hot areas

Demand for new housing in the GTA has never been higher. According to Altus Group data, the benchmark price for available new single-family homes was $1,225,774 in December, a 23.2 per cent annual increase. The benchmark price for available new condominium apartments was $716,772 at the end of 2017, 41.3 per cent above the average value from December 2016. And for the second consecutive year, new condo sales set a record high. So the industry must be building more homes than ever, right?

Actually, no. Housing starts in the Toronto Census Metropolitan Area (TCMA) reached 38,700 in 2017 according to CMHC, only slightly above the 10-year average of 36,800, but down 1 per cent from last year. There is a massive backlog of projects that have experienced strong absorption, but have yet to break ground due to a shortage of construction companies. The average single-detached home took 11 months to complete in 2017, the highest total ever tracked by CMHC, and it took 13.5 months to complete a semi and 14 months to complete a townhouse, both record highs. It took over two and a half years to finish construction on the average apartment (condo and rental) in the Toronto CMA last year, the second highest annual result to date.

Some buyers tired of waiting for new home deliveries are looking outside the region. According to Bullpen’s Residential Real Estate Round Up Report, the most popular destinations in December for prospective new homebuyers outside the GTA were Hamilton and Guelph. New homes are delivered much quicker in both of those markets. In fact, CMHC reports that it took just six months on average to build a single-detached home in Guelph last year. However, the prices are not as inexpensive as they used to be. Our report shows that the average new project in Hamilton has new single-family units starting from about $1,600 a square foot for about $570,000, while Guelph projects have lowrise product starting from $1,700/sf for $625,000.

GTA buyers are taking notice of these more affordable markets. Ryan Waller of Home Group Realty Group in Guelph estimates that a quarter of all resale transactions in Guelph were to GTA buyers based on the fact that 25.5 per cent of buyers were represented by GTA real estate agents in 2017.

With the new mortgage stress test in place, and GTA new home price growth through the roof, the next hot area for new homes will probably be outside the region. Based on our numbers, look for strength in the Brantford, Kitchener and Collingwood new home markets in 2018.

Ben Myers is President of Bullpen Research & Consulting.

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