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GTA new home market understandably slow in April

GTA new home market understandably slow in April

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GTA new home market understandably slow in April

The GTA new home market saw record low new home sales numbers in April, according to the Building Industry and Land Development Association (BILD).

It was the lowest April for total new home sales, as well as single-family and condominium unit sales, since Altus Group, BILD’s official source for new home market intelligence, started tracking in 2000.

“As we expected, the April new home sales numbers reflect the impact of the COVID-19 pandemic on the GTA economy,” says David Wilkes, BILD president and CEO. “The good news is, the residential and commercial building and development industry, along with the professional renovations industry, is positioned to play a significant role in the recovery of our region and Ontario. In the coming weeks, we’ll be putting forward recommendations for all three levels of government that can accelerate the healing of our economy.”

A total of 771 new homes was sold in April, down 80 per cent from April 2019 and 78 per cent below the 10-year average. Single-family homes, including detached, linked and semi-detached houses and townhouses (excluding stacked townhouses), accounted for 301 new home sales, down 62 per cent from last April and 79 per cent below the 10-year average.

Sales of new condominium suites, including units in low-, medium- and highrise buildings, stacked townhouses and loft units, at 470 units sold, were down 85 per cent from April 2019 and 78 per cent below the 10-year average.

“The plunge in new home sales in April came as both builders and potential buyers stepped back from the heated activity of the first quarter, adjusting to the new reality ushered in by COVID-19,” says Patricia Arsenault, Altus Group’s executive vice-president, Data Solutions. “Most planned new project launches were put on hold, sales programs for existing projects moved to virtual or by-appointment-only models, and short-term homebuying plans were disrupted by employment uncertainty, as well as the challenges of stay-at-home routines.”

Benchmark prices for both new condominium apartments and new single-family homes increased slightly in April, compared to the previous month. The benchmark price for new condo units was $984,369, up 29.8 per cent over the last 12 months. The benchmark price for new single-family homes was $1.11 million, down 0.2 per cent over the last 12 months.


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MODO Modern Downtown Condo

Kaitlin’s MODO Condo combines small town charm with convenient GTA access

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Kaitlin’s MODO Condo combines small town charm with convenient GTA access

Kaitlin Corp.‘s MODO Modern Downtown Condo, 51 Clarington Blvd., is a new release of sophisticated and surprisingly affordable condos in the heart of Bowmanville’s vibrant downtown, just steps from shopping for everything from groceries to sporting goods to local restaurants. MODO Condo is a short walk to the existing GO Transit bus service, and the approved future train station and minutes from the Hwy. 407 extension.

“This is a rare opportunity for people to move into a new community and have all the benefits of an urban lifestyle without the downtown price,” says Bill Daniell, president of Kaitlin Corp. “Currently, it’s an easy commute for people working in the GTA and it will become even more so with the GO train and 407 extension.”

MODO Condo is a 12-storey building with contemporary architectural flair featuring crisp, purposeful lines, tall windows and glass doors that naturally draw light in, airy, earthy tones; and open, functional spaces for entertaining and everyday living. It boasts stunning vistas of parkland to the north and Lake Ontario to the south and has a seventh-floor outdoor rooftop terrace lounge and barbecue area with striking views of both. Other onsite exterior amenities include a fitness area, kids’ court, lounge and barbecue areas and professionally landscaped grounds. In addition, the building has a sleek lobby with executive concierge, parcel storage, lounge, two elevators, fitness, yoga and multi-purpose rooms, boardroom/library, kitchenette, bar area and lounge, and games room.

MODO Condo offers residents modern comfort and the convenience of a maintenance free lifestyle. These elegant, one-, two- and three-bedroom suites, many with dens and all with private balconies/patios with glass and aluminum railings for enhanced views and one surface parking spot range in size from 500 to more than 1,300 sq. ft., with prices starting at $289,000. Construction is scheduled to begin next year.

Buyers have a choice of four professionally designed complete colour and material coordinated packages covering all interior finishes for their suites. Highlights include nine-ft. ceilings in all living areas, EverWood plank flooring throughout, eight-by-10-in. wall tiles around tub enclosure and shower stall, quality cabinetry, granite or quartz counters, frameless glass showers and undermount sinks.

Bowmanville, the largest community in the Municipality of Clarington in the Durham Region is home to approximately 44,000 residents and combines small town charm with urban amenities. It has a thriving historic downtown, numerous independent businesses and franchise stores, services, cafes, restaurants, recreation complex, healthcare and schools. There is a strong sense of community and annual events such as the Maple Syrup Festival, Summerfest, and the BluesBerry Festival are popular with both residents and visitors. Nearby recreational opportunities include marinas, golf, horseback riding, soccer and skiing.

“MODO Condo offers residents a very civilized alternative to big city living,” concludes Daniell. “People can manage quite easily without or with minimal dependence on a vehicle in a smaller welcoming community with all the conveniences and amenities they need.”

Visit the Bowmanville New Home Centre, located at 1800 Bowmanville Ave. The sales centre hours are by appointment only. For further information call (647.302.2490), email or visit the website.


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TANU

TANU is a carefully shaped residence that speaks of quality and craftsmanship

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TANU is a carefully shaped residence that speaks of quality and craftsmanship

Living in Port Credit is like being part of a small town but with all the perks of the big city. Just a 22-minute GO Train ride to downtown Toronto, Port Credit Village is a lakeside oasis full of small shops, intimate restaurants and historic charm. With Toronto and Mississauga continuously booming, it’s rare to find a place so close by that still possesses a strong sense of community and belonging to its guests and inhabitants. Residents say Port Credit is their forever home, and many generations of families live within blocks of one another.

Local developer, Edenshaw, has created a new address in Port Credit for those looking to join the village on the water with their bespoke condos and townhouses at TANU, a 15-storey residence on Park Street designed by award-wining architecture and design firms, IBI Group and TACT Design. The friendly, small-town ambiance of Port Credit inspires this carefully shaped residence that speaks of quality and craftsmanship. TANU also offers proximity to both Lake Ontario and the Credit River, lush parks and trails, and is just a five-minute walk to the GO Train, MiWay and the planned Hurontario LRT at the adjacent Mobility Hub.

What makes Port Credit so special? The picturesque waterfront has marinas, parks and trails that invite residents to walk, bike, run or stroll year-round. And despite its small-town character, Port Credit certainly isn’t sleepy. There are more than 60 restaurants offering fare from gourmet pizza and burritos to seafood and raw food. Known and respected as home to one of Canada’s most successful main streets, Port Credit boasts over 400 unique retail shops, boutiques, and services. This “Village on the Lake” is hailed as Mississauga’s premier cultural, entertainment, and culinary district due to its array of eateries and award-winning festivals and events.

While residents of Port Credit – and soon-to-be homeowners at TANU – can look forward to summers at the harbourfront patios and holiday shopping down Lakeshore Road in the winter, perhaps the most attractive quality of the township is the abiding sense of community one experiences from shopowners who know their customers by name, friendly neighbours walking their dogs, or the familiar running clubs coming down the trails. David McComb, Edenshaw’s CEO, is a long-time resident of Port Credit himself, and is dedicated to ensuring this exceptional community continues to flourish.

Can’t-miss Port Credit events this summer 2019:

  • Farmer’s Market – Saturdays from June to October 8 a.m. to 1 p.m.;
  • Mississauga Waterfront Festival – a free event including concerts and vendors June 14 to 16;
  • Paint the Town Red – massive Canada Day celebration, parade and fireworks on July 1;
  • 2019 Amacon Mississauga Rotary Ribfest – Port Credit Memorial Park – July 12 to 15;
  • Port Credit Busker Fest – Port Credit’s 13th annual three – day international street performer festival taking place in August;
  • Southside Shuffle – a 21-year-old blues and jazz festival drawing in the crowds this Sept. 6 to 8.

Visit the new Edenshaw Experience Centre, located at 72 Lakeshore Rd. E. The Experience Centre is open from noon to 6 p.m. Monday to Saturday, and from noon to 5 p.m. Sundays.


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Chateau at Auberge on the Park

Chateau is the third and most luxurious phase of Tridel’s community at Auberge on the Park

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Chateau is the third and most luxurious phase of Tridel’s community at Auberge on the Park

Chateau, the third, final, and most luxurious phase in the prestigious Auberge community by Tridel and Rowntree, offers residents an unparalleled lifestyle, close to Toronto’s most exclusive neighbourhoods.

Rising above lush green parkland, proclaiming its distinction with dramatic, cascading levels of terraces, Chateau is a showcase of magnificent contemporary architecture. Now selling, Chateau is your opportunity to live in a spacious suite, immersed in elegant, French-inspired design.

From the moment you enter the exquisitely decorated, two-storey grand lobby, you’re enchanted by the aura of exclusivity that infuses every part of Chateau. With its majestic white stone floors, intricate woodwork, and soft accents of gold, white, and blush, this entryway enfolds you in a welcoming aura and a subtle “je ne sais quoi.”

Stunning interiors

Modern and elegantly chic, every suite at Chateau is brilliantly designed for comfort and convenience, with top-of-the-line appliances, spa-style bathrooms, expansive windows offering incredible views, and generous private balconies and terraces for entertaining and relaxing.

Elevated entertaining

However you choose to entertain or relax, Chateau accommodates with a lavishly decorated, large party room, private dining room, and two outdoor terraces. The North Terrace, with its vines and French-style plantings, is a gracious venue for barbecues and alfresco dinner parties. The South Terrace makes for a most amenable outdoor gathering place, with unobstructed city and park views, gas fire tables, and textured planters with a profusion of greenery.

Invigorating amenities

Chateau’s fitness facilities encourage healthy activities. A fully outfitted gym with state-of-the art cardio and weightlifting equipment, a dedicated yoga studio, and an indoor swimming pool make it easy to feel renewed or find respite. Tastefully decorated spaces replete with natural wood paneling, curved ceilings, and art mirrors create a perfect ambience for refreshment.

Superbly situated

Perfectly positioned at Leslie and Eglinton, Chateau is surrounded by a vast network of interconnected parks, including the lovely 150-acre Sunnybrook Park across the street where you can wander along forested hiking trails for hours.

Chateau is steps from the new Sunnybrook Park LRT station on the upcoming Eglinton Crosstown line, and for drivers, the Don Valley Parkway is just minutes away.

For your chance to live in the beautifully master-planned Auberge on the Park community, visit the Presentation Centre. For further information call (416.649.2323) or visit the website.


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Stone & South Condominiums

Construction begins at Stone & South Condominiums in Gananoque

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Construction begins at Stone & South Condominiums in Gananoque

You could be living a riverside dream by spring 2020. Stone & South Condominiums — the only new waterfront condominium on the St. Lawrence River in the breathtaking Thousand Islands — is now under construction.

Located in picturesque and historic Gananoque, Stone & South offers all the peace and tranquility of the cottage and the carefree refinement of city living. Imagine jumping off a private dock into clear, blue water on a summer’s afternoon, or standing on a balcony and watching the boats sailing off into the distant horizon. That’s the sort of paradise that can be found at Stone & South, where a water view is the focal point of every suite and a private marina offers 30-, 35- and 40-ft. boat slips.

The project’s location is beyond ideal, with no amenity out of reach. This waterfront paradise is right next to the nationally renowned Thousand Islands Playhouse and within walking distance of local live music venues such as Stonewater Pub or Muskie Jake’s, local art galleries, boutique shopping, and fine restaurants. With so many unique points of interest nearby, it’s just a matter of stepping outside your front door and into the vibrant neighbourhood.

The location is particularly appealing. Situated within a three-hour drive of Toronto and Montreal, within 90 minutes of Ottawa and 15 minutes of historic Kingston or the USA, Stone & South is well connected by highway, train, and the majestic St. Lawrence River.

For those who are thinking of downsizing, retiring, or redefining their lifestyle, this is the place to be. With expansive floor-to-ceiling windows, ceilings up to a soaring 10 ft., and eight-ft. deep balconies that overlook the Thousand Islands with completely unobstructed views, it doesn’t get any more luxurious. Keeping diverse lifestyles in mind, Stone & South includes flex space in every floorplan, allowing you to customize your suite to your unique needs. The convenience of storage lockers on the same floor as your suite is included in the price, along with one underground parking space.

Construction is now underway on Phase One of these beautiful open-concept condos, and there is still a fantastic selection of south-facing suites with Stone & South’s signature water views. Comfortable two-bedrooms with flex space and three-bedrooms with flex space are both still available, with prices starting from the $500,000s.

“This condo building will be appealing on the shoreline, like a jewel on the river,” Paul Bender, a purchaser, remarked. There is still time to own an exclusive waterview condominium in the Thousand Islands.

There are just 30 remaining suites, so this summer may be your last opportunity to own one of these homes on the river. Sign up for the Spring Sales Event and be first on the list for the release of Phase Two, with the best suite selection and the best pricing. Register today on the website.

stoneandsouthcondos.ca


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