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GTA new home sales

GTA new home sales begin 2019 on a positive note

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GTA new home sales begin 2019 on a positive note

GTA new home sales

Sales of new homes in the GTA in January showed a moderate increase from last year, the Building Industry and Land Development Association (BILD) reports.

A total of 1,362 new homes were sold in January 2019, up 14 per cent from those sold in January of last year, according to Altus Group, BILD’s official source for new home market intelligence.

Encouraging start

“I wouldn’t necessarily call this a strong start to the year,” David Wilkes, BILD president and CEO, told HOMES Publishing. “Yes, January is historically a slow month for new home sales, and we are encouraged by the modest improvement from January 2019 over 2018. However, low new home sales numbers continue to indicate that more needs to be done to make homeownership easier for new homebuyers.”

January’s sales of new single-family homes, including detached, linked and semi-detached houses and townhouses (excluding stacked townhouses),with 420 single-family homes sold, were still low from a historical perspective, down 53 per cent from the 10-year average. Sales of new condominiums, including units in low-, medium- and highrise buildings, stacked townhouses and loft units,were only five per cent lower than the 10-year average, with 942 units sold.

Brighter outlook

“This year is starting off on a positive note,” says Patricia Arsenault, Altus Group’s executive vice-president, Data Solutions. “The improvement in new home sales over last January is consistent with our outlook for somewhat higher annual sales in the GTA this year, following the drop in 2018.”

Benchmark prices of new homes continued recent trends, with the benchmark price of single-family homes moderating slightly to $1.13 million in January from December 2018, down 8.1 per cent over the last 12 months. The condo benchmark price increased from last month to $803,638, up 12.5 per cent over the last 12 months.

With little new product coming into the housing market in January, remaining inventory decreased slightly from last month, to 15,530 units comprised of 10,364 condo units and 5,166 single-family homes. Remaining inventory includes units in preconstruction projects, in projects currently under construction and in completed buildings.

Government needs to act

“It looks like the market is starting to return to typical levels after a particularly difficult year,” adds Wilkes. “With the spring budget coming up, we are calling on the federal government to take steps to make it easier for first-time home buyers to get into the housing market.”

Wilkes says the federal government should look at reintroducing the 30-year amortization periods for first-time buyers and adjusting the stress test, now that interest rates have risen.

“We must also continue to look at ways to increase supply,” he told HOMES. “We continue to call on municipal and provincial governments to remove barriers to bringing new housing and employment lands to market to meet the demand for much needed places to live and work across the GTA.”

 

January new home sales by municipality

Region Condominium units Single-family Total
2019 2018 2017 2019 2018 2017 2019 2018 2017
Durham 30 13 28 46 82 190 76 95 218
Halton 29 38 112 231 172 154 260 210 266
Peel 105 86 203 77 30 211 182 116 414
Toronto 724 605 982 5 8 36 729 613 1018
York 54 83 319 61 81 170 115 164 489
GTA 942 825 1,644 420 373 761 1,362 1,198 2,405

Source: Altus Group

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AQUAZUL Waterfront Condos

AQUAZUL Waterfront Condos

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AQUAZUL Waterfront Condos

Homes By DeSantis announces final release

Gorgeous lakeside views was one of the main reasons that new home buyers flocked to the AQUAZUL waterfront condominium project. Spacious suites and deluxe finishes helped to seal the deal. Homes By DeSantis announces the final release of residences with their Elite Series at this popular Lake Ontario development.

A variety of popular floorplans were released in each of the two condo buildings. These intimate, six- and 10-storey structures include remaining suites that range from 609 to 1,335 square feet – many with lake views.

PURE LUXURY

Purchasers who are looking for a larger suite will be enamoured with the Surfside. This impressive, 1,335-square-foot, two-bedroom, two-bathroom suite, also includes an oversized 645-square-foot terrace, with stunning views of Lake Ontario. The gracious 1,127-square-foot Bayside suite features two bedrooms, plus a den, and two bathrooms. And the 982-square-foot Bayfront suite also includes two bedrooms and two baths.

Sumptuous finishes include a choice of quartz or granite counter tops in the kitchen, as well as extended-height upper cabinets, six appliances, wide-plank laminate flooring and soaring ceilings up to 10 feet.

The features and amenities at AQUAZUL are not only luxurious, but they heighten the resort-like feeling. The third floor club room includes a theatre, a gym and a billiards room, as well as a sprawling balcony perched atop a dramatic two-storey loggia. This elevated outdoor space provides views of the courtyard, pool, cabanas and outdoor grill areas, and, of course, Lake Ontario.

WELL POSITIONED

Situated in the town of Grimsby, this Niagara region location is experiencing incredible waterfront growth. The municipality is investing $5 million into a waterfront park that will include promenades and lakeside trails to newly constructed beaches and outdoor pavilions.

Grimsby serves up a full complement of shops and services. AQUAZUL is extremely close to the proposed GO Station that is scheduled to arrive in 2021 at Casablanca Boulevard and the QEW. “We’ve become very good at staying ahead of the curve. People want to live at the lake, they want luxury and easy access to major centres – all at an affordable price,” says Gabriel Desantis, president. “AQUAZUL will be an icon on the Grimsby waterfront, both from an architectural perspective and an amenity perspective.”

DeSantis is pleased to report that AQUAZUL was recently named the mid-rise condominium project of the year by the Hamilton-Halton Home Builders’ Association.

With construction well underway, the first residents are scheduled to settle into their new homes in 2019. Only nine residences remain in the final phase of the Elite Series at AQUAZUL.

CONTACT INFORMATION

The Sales Office is located at 10 Concord Place in Grimsby

289.235.8541

aquazul@homesbydesantis.com


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42 Mill Street

42 Mill Street

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42 Mill Street

Georgetown’s most sought-after address

Luxury living has come to Georgetown with the landmark address of 42 Mill Street. Located at Mill Street and Highway 7, this boutique-style condominium community, by Amico, offers an intimate, carefree living environment.

New home buyers can choose from an incredible array of spacious floorplans up to 1,900 square feet. One-, two- and three-bedroom designs are priced from the mid $400,000s. Well-appointed, open-concept suites include custom-built, European-style kitchens with integrated appliances, in addition to engineered hardwood flooring. Thoughtful consideration, as it relates to the environment and to the residents, includes a water softening system for the entire building, as well as underground electric car stations.

IT’S ALL WITHIN REACH

Located adjacent to the Lions Club Park, garden suites at 42 Mill Street will include a private outdoor space, while tower suites and penthouse suites boast large balconies and terraces – some with panoramic views of Georgetown. An elegant entrance, and lushly landscaped grounds, set the tone for the rest of the community. Building amenities include a state-of-the-art gym, an outdoor patio with a barbecue, an indoor party room and a business lounge – all available for exclusive use of the residents of 42 Mill Street and their guests.

Steps from historic downtown Georgetown, 42 Mill Street is close to other recreational activities, excellent schools, the Halton Hills Public Library and The Club at North Halton. The renowned Georgetown Farmers’ Market is a popular destination. Nearby is Georgetown’s Silver Creek Trail and the Terra Cotta Conservation Area. With convenient access to the Georgetown GO station, residents can be at Union Station in less than one hour.

WHEN ONLY THE BEST WILL DO

Amico is a family-owned construction and development company that has been in operation for more than 30 years. With three decades of professional expertise under their collective tool belts, this award-winning company has built a wide range of sophisticated communities across southern Ontario. Amico incorporates sustainability concepts and conscientious building practices in every project that they undertake. In each community in which they operate, Amico also uses locally supplied resources wherever possible. In addition to a heightened level of execution, Amico’s continued success is due in part to their integrity and an unwavering commitment to providing first-rate customer service.

To complement Amico’s dynamic construction team, the renowned Chicago-based Holabird & Root Architects (founded in 1880), as well as the talented, Toronto-based interior design firm of Tomas Pearce, are collaborative partners in the creation of your new home address – 42 Mill Street.

CONTACT INFORMATION

The Sales Office and Tomas Pearce-decorated Model Home are now open.

42millst.com



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VELUX celebrates 75 years by giving the gift of ‘light’ to Habitat Halton-Mississauga families

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VELUX celebrates 75 years by giving the gift of ‘light’ to Habitat Halton-Mississauga families

In 1941, Danish entrepreneur and inventor, Villum Kann Rasmussen, came up with an idea that would transform dark attics into livable spaces. His first roof window was patented in 1942. The company name, VELUX, was created to highlight the key benefits of his invention: ‘VE’, short for ventilation and ‘LUX’, Latin for the word light.

In 2016 VELUX celebrated 75 years of daylight and fresh air by sending a challenge out to over 9900 employees in 40 countries worldwide to engage in an event or team building activity using the number “75”. What resulted when VELUX Canada Managers sat down brainstorming ideas to make the challenge a reality? Arethea Harris, National Marketing & Communications Manager, explains, “We thought ‘why not 75 days of building?’ We are a supply manufacturer, this is our industry, we are a leader in our industry and that’s essentially how we connected our challenge with Habitat for Humanity Halton-Mississauga (HFHHM).”

Arethea Harris (left) & Nels Moxness (right) celebrate VELUX Canada’s 75 Days of building.

Nels Moxness, President & CEO, adds, “The fit’s really good. We are about creating better living space for the homeowner. Of course, that’s exactly what Habitat is doing, improving lives and building a better living space.” And their support didn’t end with the 75 days of building. VELUX Canada saw that there was a need for natural light in the units of the 13 townhome build they were working on and thought ‘wouldn’t it be amazing to bring ‘light’ into the new homeowners lives?’ They put a call out to one of their VIP Elite Installers, Snow’s Construction, and when company owner Patrick Snow heard the project was for Habitat, he committed immediately. Subsequently, 13 VELUX Sun Tunnels were installed in just 2 ½ days, providing Habitat families with the gift of ‘light’.

VELUX is no stranger to working with charities. Since 1971 and the formation of the VILLUM FONDEN foundation, a greater part of all company profits are donated back to society, having given away an equivalent of 1.4 billion Canadian dollars worldwide over the last 10 years.

When asked about their Habitat experience and what they learned over the 75 days, Arethea comments, “Giving back to the community was really wonderful. Words cannot describe the feeling knowing that you helped a family who is now able to live in a well-built, well-lit space. Overall, it was a special experience. The team building was something that we got out of the process that we weren’t expecting. We created lasting memories our employees will never forget.”

Want to learn more about HFHHM’s Corporate Team Building opportunities? Visit workingforachange.ca or contact Melissa Foley at mfoley@habitathm.ca.

VELUX Canada staff and professional installers from Snow’s Construction spent 2 ½ days  on Habitat’s Burlington build site, providing families with the gift of ‘light’.

 

 

 

The final result – let there be ‘light’.

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