Tag Archives: Hamilton

COVER STORY: EDITOR'S CHOICE: Losani Homes

Losani Homes one of Canada’s best-managed companies

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Losani Homes one of Canada’s best-managed companies

For more than 40 years, Losani Homes has been known for their recognizable style and unparalleled craftsmanship. Founded in 1976 by Giovanni Losani, along with eldest son Lino, Fred Losani joined his brother and father in 1985 following graduating from Brock University.

Losani carefully chooses locations that are close to parks, trails and wooded areas, and augments these natural settings with wide boulevards and pleasing streetscapes giving each community a spirit distinctly its own, while all standing the tests of time.

In addition to more than 100 home building awards that range from local markets to world-wide recognition, Losani Homes was also named one of Canada’s Best Managed Companies for 11 straight years, a distinction conferred by the Queen’s School of Business, CIBC, The National Post and Deloitte. In the process, Losani Homes has gained platinum status in what is Canada’s leading business awards program, a feat no other homebuilder in Canada can claim. In addition, the company has received the coveted Consumer’s Choice Awards for service, value and quality for the Hamilton/Niagara regions each of the past five years, in addition to the award for Philanthropic Company of the Year.

McKENZIE

Losani Homes’ latest community offering serves up some of the best value in southern Ontario when it comes to new communities. With four two-storey contemporary townhome designs available to compliment the rich diversity offered across the single detached options, the McKenzie strikes a unique balance between offering industry-leading value without any compromises. Two-storey townhomes range in square footage from 1,454 to 1,728 and start at $397,900. Single-family detached homes are available on 36-foot and 40-foot lots with your choice of 20 unique award-winning models. Many of which come in your choice of one of four timeless elevations starting at just $504,900.

VISTA RIDGE

Positioned on a former winery in Beamsville, Vista Ridge is a unique community that embodies all that Niagara has to offer, including rich soil and enchanting vistas. In addition, it has the envied location of being close to the Bruce Trail and the Niagara Escarpment. However, Vista Ridge’s popularity also has to do with its infrastructure. Built into the community are tennis courts, a splash pad and traditional park space.

Here, two-storey towns come in three distinct layouts, ranging in size from 1,454 to 1,708 square feet, and start at $429,900. Single-family detached homes are available on 36-foot and 40-foot lots, as well as custom lots, starting at $555,900. Models range in size from 1,348 to 3,198 square feet and are available in four elevations.

SIMPLY GRAND

This Paris might not have the Eiffel Tower, but it has been billed as one of the most charming towns in Ontario. Steeped in cobblestone character, the Grand River measures the pulse of everyday life in Paris.

Two-storey semis are available in three models ranging in size from 1,481 to 1,855 square feet, with prices starting at $447,900. A total of 24 detached single-family designs are available with a choice of one of four elevations. Homes are positioned on 43-, 46- or 50-foot lots, and range in size from 1,360 to 3,500 square feet.

CENTRAL PARK

One of the largest, and most innovative, master-planned communities in Hamilton is Central Park. This neighbourhood offers inspired designs and lot choices that are built around a wonderful park, all within walking distance to shopping. Also close by is the Eco-trail Promenade, which offers direct access to the 10-kilometre East Mountain Trail Loop.

Spacious, two-storey towns are priced from $529,900 for layouts that range between 1,470 to 1,554 square feet. Three-storey towns range in size from 1,252 to 1,633 square feet and start at $444,900.

LINCOLN ESTATES

Nestled amongst 48 wineries, Lincoln Estates is one of the most exclusive collections of single-family homes in Beamsville. The location is ideal for those who love the great outdoors with the Niagara Escarpment and Bruce Trail nearby.

Choose from 26 exclusive designs of detached homes that range in size from 1,533 to 3,632 square feet. Four exterior elevation packages include Tuscan, Chateau, Traditional and Modern on 40-, 46- or 50-foot lots. Custom lots are also available. Prices start at $689,900.

PRONTO: HOMES ON DEMAND

Losani Homes’ Pronto: Homes on Demand program allows homebuyers to get the house that they want, when they want it. Because the home was built before purchasing, significant savings are passed on to the homebuyer and quick closings are available.

Move-in-ready properties, with closings as soon as 30 days, are available at Augusta Encore, Astoria Grand, Fallingwaters and Ancaster Woodlands. A selection of styles and models are priced from $439,900 to $1.2 million.

With so much diversity in Losani Homes’ current community lineup and Pronto inventory, no matter what portion of the market you and your family occupy, there is something for you at Losani Homes.

LosaniHomes.com


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KiWi Condos – how cool is that?

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KiWi Condos – how cool is that?

An iconic 14 Storey Condo is coming to 212 King William in the heart of Hamilton’s Urban Art scene.

King William is where you want to be. KiWi is cool. And you get it. This is a place where people and ideas come together. New possibilities. New thinking. Urban style. KiWi is the essence of the King William district. How cool is that?

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Drive

Drive till you qualify? Sure, but it WILL cost you

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Drive till you qualify? Sure, but it WILL cost you

Drive

You may have heard the old real estate adage, “Drive till you qualify.” The idea being that buyers who can’t afford to buy a home in the city, should drive to surrounding areas to find more affordable and larger homes, with potentially more appealing lifestyle and environmental benefits.

At least that’s the idea.

In practice, however, such a plan may not be quite so simple. A new study from Canada Mortgage and Housing Corp. (CMHC) shows that increased commuting costs and time could offset any financial savings of buying a cheaper home in an outlying area.

“By assessing the combination of commuting costs and housing costs, one can gain a more comprehensive gauge of the total cost of location choices,” says Andrew Scott, senior analyst, economics, for CMHC.

Drive3
Source: CMHC

 

In 2016, there were approximately 2.6 million commuters in the GTA, with 1.3 million of them commuting to a place of work in the city of Toronto. This made it the most common destination for GTA commuters. Roughly two-thirds of these commuters lived within the cityitself, while the remaining commuted from the 905 areasof the GTA. Pickering had the highest share of people commuting into Toronto, at 52.6 per cent, followed by Ajax (48.4 per cent), Markham (46.9 per cent), Vaughan (40.8 per cent), Richmond Hill (39.1 per cent), Whitby (32.2 per cent) and Mississauga (26.7 per cent).

Most commuters to Toronto drove, at 49 per cent, while 40 per cent took public transit. Of 905 residents who commute into the city, 67 per cent drove a car, and 21 took public transport.

Areas with longest commutes

Average duration of commutes is clearly on the rise, CMHC says, particularly among those who commute 60 minutes or more, one way. Between 2011 and 2016, this was the fastest growing segment of the commuter population, growing by 16 per cent, followed by those who commuted 45 to 59 minutes (14 per cent). Areas with one-way commutes longer than 60 minutes include Aurora, Burlington, Milton, Newmarket, Oakville and Oshawa.

Lower home prices, increase commuting cost

The most likely home type to lure buyers to the suburbs is single-detached homes, CMHC says. However, when the estimated monthly mortgage carrying cost and monthly commuting cost are combined, relatively lower priced municipalities such as East Gwillimbury, Newmarket, Mississauga, Whitchurch-Stouffville and Caledon end up costing more than or nearly as much as the city of Toronto.

Drive1

Notably, some GTA municipalities did retain their cost advantage. Even with significant commuting costs in areas such as Georgina, Oshawa and Clarington, a large cost advantage remains due to the considerably lower cost of housing.

Drive2

Based on estimates of the cost of commuting to Toronto from municipalities in the GTA, areas with lower mortgage carrying costs for single-detached housing often had significantly higher commuting costs, CMHC says. In many cases, these increased commuting costs completely offset lower home ownership costs.

Bottom line

The bottom line? Do all the math, and make sure that if you’re considering buying outside the city, your decision is based on more than money. The savings might not be there.

RELATED READING

Pent-up demand for townhomes building in the GTA

GTA new home market shows some improvement in September

5 affordable neighbourhoods for detached homes in 416 and 905

 

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LOWRISE FEATURE: Losani Homes

Losani Homes one of Canada’s Best Managed Companies

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Losani Homes one of Canada’s Best Managed Companies

For more than 40 years, Losani Homes has been known for their recognizable style and unparalleled craftsmanship. Started in 1976 by Lino Losani, Fred Losani took over the helm in 1985. Losani carefully chooses locations that are close to parks, trails and wooded areas, and augments these natural settings with wide boulevards and pleasing streetscapes.

In addition to more than 100 homebuilding awards that range from local markets to world-wide recognition, Losani Homes was also named one of Canada’s Best Managed Companies for 11 straight years – a distinction conferred by the Queen’s School of Business, CIBC, The National Post and Deloitte.

Losani Homes was also recognized with Platinum status – one of the only in Canada. In addition, the company has received Hamilton’s Consumer’s Choice Awards for service, value and quality for the past five years, in addition to the award for Philanthropic Company of the Year.

LINCOLN ESTATES

Nestled amongst 48 wineries, Lincoln Estates is one of the most exclusive collections of single-family homes in Beamsville. The location is ideal for those who love the great outdoors, with the Niagara Escarpment and Bruce Trail nearby.

Choose from 26 exclusive designs of detached homes that range in size from 1,533 to 3,632 square feet. Four exterior elevation packages include Tuscan, Chateau, Traditional and Modern on 40-, 46- or 50-foot lots. Custom lots are also available. Prices start at $689,900.

VISTA RIDGE

Positioned on a former winery in Beamsville, Vista Ridge is a unique community that embodies all that Niagara has to offer, including rich soil and enchanting vistas. It, too, has the envied location of being close to the Bruce Trail and the Niagara Escarpment. However, Vista Ridge’s popularity also has to do with its infrastructure. Built into the community are tennis courts, a splash pad and traditional park space.

Here, two-storey towns come in three distinct layouts, ranging in size from 1,454 to 1,708 square feet, and start at $429,900.

Single-family, detached homes are available on 36- and 40-foot lots, as well as custom lots, starting at $555,900. Models range in size from 1,348 to 3,198 square feet, and are available in four elevations.

SIMPLY GRAND

This Paris might not have the Eiffel Tower, but it has been billed as one of the most charming towns in Ontario. Steeped in cobblestone character, the Grand River measures the pulse of everyday life in Paris.

At Simply Grand two-storey semis are available in three models ranging in size from 1,481 to 1,855 square feet, with prices starting at $447,900.

A total of 24 detached, single-family designs are available with a choice of one of four elevations. Homes are positioned on 43-, 46- or 50-foot lots, and range in size from 1,360 to 3,500 square feet.

CENTRAL PARK

One of the largest, and most innovative, master-planned communities in Hamilton is Central Park. This neighbourhood offers inspired designs and lot choices that are built around a wonderful park, and it’s within walking distance to shopping. Also close by is the Eco-trail Promenade, which offers direct access to the 10-kilometre East Mountain Trail Loop.

Spacious, two-storey towns are priced from $529,900 for layouts that range between 1,470 to 1,554 square feet.

Three-storey towns range in size from 1,252 to 1,633 square feet, and start at $444,900.

PRONTO: HOMES ON DEMAND

Losani Homes’ Pronto: Homes on Demand program, allows homebuyers to get the house that they want, when they want it. Because the home was built before purchasing, significant savings are passed on to the homebuyer, and quick closings are available.

Move-in-ready properties are available at Augusta Encore, Astoria Grand, Fallingwaters and Ancaster Woodlands. A selection of styles and models are priced from $439,900 to $1,200,000.

Losani Homes currently has four communities under development, and a fifth was recently opened. The McKenzie, in Caledonia, includes singles and two-storey towns.

losanihomes.com


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CMHC CMA

Toronto and Hamilton highlight evidence of overvaluation, CMHC says

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Toronto and Hamilton highlight evidence of overvaluation, CMHC says

CMHC CMA

One day after the Bank of Canada raised its overnight lending rate – and hinted at further increases in the near term – the Canadian housing market got another sobering reminder this week: the latest Housing Market Assessment (HMA) from Canada Mortgage and Housing Corp. (CMHC).

CMHA warns that Canada’s overall housing market remains highly vulnerable, though conditions of overvaluation are easing as a whole.

The quarterly report acts as an “early warning system” for the country’s housing markets – an important tool supporting financial and housing market stability.

In Ontario, Toronto and Hamilton home prices are moving closer to levels supported by housing market fundamentals such as income, mortgage rates and population. Still, these markets continue to exhibit a high degree of overall vulnerability.

Source: CMHC Housing Market Assessment
Source: CMHC Housing Market Assessment

Toronto continues to show moderate evidence of overheating and price acceleration, and strong evidence of overvaluation, CMHC says. On the plus side, there is weak evidence of overbuilding, as the number of completed and unsold units is at a historic low.

Hamilton CMHC
Source: CMHC Housing Market Assessment

In Hamilton, moderate evidence of overheating exists, due to a high sales-to-new listings ratio in eight of the last 12 quarters. Price growth has persisted over the last 12 quarters, contributing to moderate evidence of price acceleration. Overvaluation in Hamilton has decreased on average, but moderate evidence remains since house prices are considerably higher than levels supported by economic fundamentals, CMHC says.

OTHER MARKET HIGHLIGHTS

  • Evidence of overbuilding remains high in Edmonton, Calgary, Saskatoon and Regina, so those markets continue to receive a moderate degree of vulnerability in the overall assessment.
  • A low degree of overall vulnerability is sustained for Ottawa, Quebec City, Moncton, Halifax and St. John’s where house prices continue to follow the path of fundamentals.
  • Montreal’s resale market is close to overheating, creating significant upward pressure on prices as a result of a sharp tightening between supply and demand.
  • In Winnipeg, evidence of overbuilding as well as the degree of overall vulnerability changed from low to moderate, reflecting increases in the inventory of newly completed but unsold units.

 

RELATED READING

7 factors that will affect GTA housing in 2019 – and 5 reasons to consider buying NOW

GTA housing market correction coming to an end, ReMax says

GTA new home market shows some improvement in September

 

 

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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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NEIGHBOURHOOD WATCH: Hamilton

NEIGHBOURHOOD WATCH: Hamilton

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NEIGHBOURHOOD WATCH: Hamilton

by Gale Beeby

Housing Options

Hamilton is no stranger to historic housing or large estates, but also has a large selection of housing at any price, including an influx of new condominiums. Click here to see a full list of new homes/condos for sale.

Leisure Pursuits

The award-winning Royal Botanical Gardens is a 2,422-acre nature sanctuary considered the plant biodiversity hotspot of Canada. It is also a part of the Niagara Escarpment World Biosphere Reserve. The Canadian Warplane Heritage Museum houses over 40 historical aircraft and an extensive aviation gift shop and gallery.

Also located in Hamilton is the Canadian Football Hall of Fame, the Hamilton Military Museum, the Museum of Steam and Technology, and the Whitehern Historic House and Gardens. Dundurn Castle is an 18,000-square-foot neoclassical mansion that was completed in 1835 by architect Robert Charles Wetherell.

Hamilton is also home to the Tiger-Cats of the Canadian Football League and the Bulldogs of the Ontario Hockey League; their main rivals are the Toronto Marlies.

Parks & Rec

If you are an active hiker, this is the area for you. The Bruce Trail, Canada’s oldest and longest marked footpath and a UNESCO World Biosphere Reserve, runs 890 kilometres along the Escarpment from Tobermory in the north to Niagara in the south. The section of the trail from Milton to Grimsby runs along the ancient shoreline of Lake Iroquois.

The Hamilton Conservation Authority operates several parks, including Westfield Heritage Village, Dundas Valley (home to the Hermitage Ruins), Fifty Point on Lake Ontario, Spencer Gorge/ Webster’s Falls, Christie Lake, Confederation Park, Eramosa Karst (filled with underground caves and streams) and Valens Lake campground.

Retail Therapy

Hamilton has a lively downtown with a large selection of boutiques, restaurants, cafés and salons. Jackson Square is Hamilton’s largest downtown shopping mall, which is also connected to FirstOntario Centre (formerly Copps Coliseum). The City Centre Mall and Lime Ridge Mall, Hamilton’s largest shopping destination with over 200 shops and services, round out the large shopping districts. And, of course, big box outlets are handily located.

Easy Access

Transit is a viable option in Hamilton. The HSR (Hamilton Street Railway) runs throughout the city and connects with Burlington. Its name is a legacy of the days when most of public transit vehicles were streetcars. The area is served well by highways, including the QEW and Highways 403, 6, 8 and 20, the Lincoln M. Alexander Parkway and the Red Hill Valley Parkway, making commutes into the Niagara Region or the GTA simple. GO Transit also goes in and out of Hamilton daily.

BY THE NUMBERS

Population: 537,000

Known as: The Waterfall Capital of the World

WALK SCORES

Westdale Hamilton: 90

West Hamilton: 88

Dundas: 83

Hamilton Mountain: 82

Ancaster: 75

Upper Wentworth: 73

Stoney Creek Downtown: 75

Hamilton.ca


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BUILDER PROFILE: Marz Homes

BUILDER PROFILE: Marz Homes

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BUILDER PROFILE: Marz Homes

by Catherine Daley
Photography, courtesy of Marz Homes

Four decades of homebuilding excellence

Historically, the cornerstone (foundation stone) was the first stone set in the construction of a masonry foundation. The entire structure was determined by this stone, as all the other stones would be set in reference to it. Over time, it became a ceremonial stone that was set in a prominent position, and was often inscribed with the construction date, architect or builder. As with any work of art, the creator should be recognized. Marz Homes has made a tradition of signing the completion of each home that they build with a brick bearing their name.

Some 60 years ago, Mike (Marzio) Pompeani started his career as a masonry contractor. In 1968 he built his first single family home in Hamilton – the original residents still reside there today. In 1978 he founded Marz Homes. In keeping with Pompeani’s original vision, little has changed when it comes to an unwavering commitment to build the best, possible, homes.

South Coast Village
South Coast Village

A GUIDING PHILOSOPHY

A generation later, the family has maintained Pompeani’s core philosophy, which is to build every home as if they were building it for themselves. This benchmark has left them in good standing with their customers. The recipients of many local, provincial and and national awards that recognize their designs, communities and community service, the one that stands out is the Homeowner Mark of Excellence, which is a national honour bestowed upon the builder that maintains a high level of customer service in a Canada-wide satisfaction survey. In addition, Marz Homes has been awarded the Hamilton-Halton Homebuilders’ Association Consumer Choice Award for two years in a row. “This is the type of recognition that matters,” says Dan Gabriele, president. “Our customers are the ones that we have to impress.”

You’re only as good as the people that you have working for you, and it’s here that Marz shines. As a builder and developer, Marz is able to maintain a hands-on approach to ensure that every component fits perfectly into the final vision.

A company can say that they are committed to customer service, but how they treat their own employees and contractors speaks volumes. Many trade contractors have been loyal to Marz Homes for as long as the company has been in business. This allows Marz to guide them through the best construction practices, in order to meet their customers’ expectations.

SPECIALIZED NICHE

Marz Homes has witnessed incredible changes over the last four decades, especially as it relates to Hamilton. “Hamilton is great,” says Gabriele. “It offers a bevy of amenities. You have the urban aspect, as well as gorgeous, mature communities on the perimeter, in addition to wonderful natural features, like the escarpment, the lake and farmland. Whatever you want, Hamilton has it – and it’s affordable.”

The Lakewood model at Smithville Station
The Lakewood model at Smithville Station

Focusing on the areas that they’ve come know, Marz Homes recognizes the heightened potential, and popularity, of southwestern Ontario. Their demographic includes those who are starting out, and those who are now looking to downsize, and want less hustle and bustle. Towns, like Grimsby, Stoney Creek, Hamilton, Crystal Beach and Cambridge fit the bill.

Dan Gabriele, president (left), presents the Arts Education & Community Arts Award at the Hamilton Arts Awards.
Dan Gabriele, president (left), presents the Arts Education & Community Arts Award at the Hamilton Arts Awards.

COMMUNITY AWARENESS

A sense of loyalty is reinvested back into the communities in which they build, and they feel a strong sense of obligation to give back. As a local employer in Hamilton, Marz supports the Canadian Cancer Society, Mac Kids, An Instrument for Every Child, Hamilton Philharmonic Orchestra and arts-related initiatives. Of particular significance, Marz has helped to raise more than $700,000 for the Canadian Cancer Society, and was awarded Corporate Citizen of the year for their continued efforts.

In support of McMaster Children's Hospital
In support of McMaster Children’s Hospital

Along with their long-standing trade and supply partnerships, Marz Homes strives to build the best quality homes. “We develop and build communities,” says Gabriele. “We offer complete neighbourhoods.”

marzhomes.com


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Editor's Choice: Explore

Editor’s Choice: Explore

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Editor’s Choice: Explore

Discover living a life well lived in Hamilton

Ballantry Homes and Branthaven Homes offer an adventurous lifestyle to Explore, with a new release of luxurious townhomes and semis nested at the base of Hamilton Mountain.

New homebuyers looking for a higher standard of living in Hamilton’s surging real estate market will enjoy a naturally better neighbourhood for every stage of life.

Located directly beside the Sir Wilfred Laurier Recreation Centre, just off the King Street exit of the Red Hill Valley Parkway, this new home community is unlike any other, offering pathways to everything an active family is looking for. The plentiful natural attributes of the community are perfect for homebuyers looking to “Discover Living” within steps of their front door.

From the existing Red Hill Valley Trails with links to the Bruce Trail and Conservation Lands, to breathtaking scenic vistas, renowned waterfalls, nearby golf courses and large-scale destination sports complexes, this community truly has something for everyone.

“The Explore community is perfect for anyone aspiring to live a quality, outdoor active lifestyle in a highly sought-after, but still affordable location,” says Mark Lawrence, sales and marketing manager for Ballantry Homes. “Explore is unlike any other new home community in the region. It offers attainable new home living in an established community designed around a rare escarpment setting.”

So, if it’s exceptional affordability you are looking for, both Ballantry Homes and Branthaven Homes offer a range of townhome and semi-detached options to suit your lifestyle and budget — Explore has plenty to choose from.

Branthaven Homes offers an award-winning lineup of new home designs, with classic-contemporary style on the outside and plenty of upgraded features at no extra cost on the inside. A Branthaven home is a perennial favourite across the Hamilton and Stoney Creek regions.

“With prices starting from the mid $400,000s, these are a great choice for first-time and move-up buyers alike,” says Kristen Bellamy, marketing manager at Branthaven Homes. “We are seeing a lot of people moving west from the GTA to communities like Explore for its extraordinary value.”

At Ballantry Homes, their all-new collection of homes have plenty of naturally-better benefits, too.

“We are finding many single and newly married young professionals are attracted to and investing in Hamilton. These well-designed homes are an attractive and affordable way to get into the housing market,” adds Lawrence.

“They value the convenient location off the Red Hill Valley Parkway and Linc’ Expressway, and the abundance of surrounding trails, parks, schools and shopping are a real bonus,” says Bellamy.

EXPLORE
Ballantry Homes

Located at 50 Albright Road, Hamilton, the Sales Centre is open Monday to Thursday from 1 to 7 p.m., Saturday, Sunday and holidays from noon to 5 p.m.; closed Friday.

905.578.9634
explore@ballantryhomes.com
BallantryHomes.com


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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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