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Saturday in Downsview Park

Mattamy Homes’ Saturday in Downsview Park

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Mattamy Homes’ Saturday in Downsview Park

Thoughtfully planned condominium amenities are second nature to Mattamy Homes, a company that has earned its reputation as a superior builder of quality homes and master-planned communities designed for the way people really live. Coming soon, Mattamy’s Saturday in Downsview Park condominium community will offer beautiful building amenities that are both restful and invigorating. The bright, two-storey lobby frames Downsview Park’s green open area that offers a place to become immersed in nature. This welcoming lobby features holistic forms and textures, study niches, a co-working spot, rock garden and communal bar – the perfect surroundings in which to access attentive 24/7 concierge service.

Saturday in Downsview Park’s designers have envisioned many opportunities within this condominium for neighbours of all ages and life stages to gather, only an elevator ride away! These include a colourful Kids’ Play Room where youngsters can visit arts and crafts stations, and draw with chalk on a standing platform area. This fun space will also encompass interactive tables and a geometric room design that will connect them to the ‘Park’. And great news for parents: the Play Room will include a private party room to reserve for birthdays and special events.

Also for entertaining is the Multi-Purpose Space that comes with a grand kitchen, bar, dining and lounge areas connecting to an outdoor patio with a barbecue station. From intimate cocktail parties to lively large get-togethers, this area will become an event hub. The Fitness Zone provides areas for cardio workouts, circuit training, free-weights, spinning, yoga and boxing, as well as functional training, TRX strength and toning. Residents will also appreciate the inclusion of a convenient dog wash area.

Local amenities will add to the lifestyle within the condominium, starting with the extensive outdoor and indoor activities at the adjoining Downsview Park. Just 20 minutes to downtown Toronto and well served by GO Transit and TTC, the park is home to numerous community events, league play in a variety of sports, picnic opportunities, plus a four-kilometre circuit path for jogging, bike-riding or walking the dog.

Mattamy’s first building at Saturday in Downsview Park will have about 240 suites priced from the low $400,000s. Choices will include one-bedroom, one-bedroom plus den, two-bedroom and two-bedroom plus den layouts, from 548 square feet. Many designs feature outdoor terraces and patios.

About Mattamy Homes

Mattamy Homes is the largest privately owned homebuilder in North America, with a 40-year history of operations across the United States and Canada. Every year, Mattamy helps 7,000 families realize their dream of homeownership. In the United States, the company is represented in 10 markets – Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its US head office is located), Tampa, Sarasota, Naples and Southeast Florida – and in Canada, its communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. Visit the website for more information.

Saturday in Downsview Park is Coming Soon. For more information or to register, visit MattamyHomes.com


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EDITOR'S CHOICE: Mattamy Homes

EDITOR’S CHOICE: Mattamy Homes

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EDITOR’S CHOICE: Mattamy Homes

A new release of condo townhomes at Hawthorne South Village Sixteen Mile Creek in Milton

Mattamy Homes is adding a new release of condo townhomes to their latest example of how to live well in Milton at Hawthorne South Village Sixteen Mile Creek.

The new release offers more opportunity to find the perfect family home with Sixteen Mile Creek as a scenic backdrop. A variety of architectural styles make each street distinctive.

This naturally beautiful community is a further exploration of Mattamy’s commitment to Milton, where more than 15,000 families already enjoy the well-crafted, finely designed homes in neighbourhoods surrounded by the best of the town.

Discover all this community has to offer with their village homes, rear lane townhomes and newly-released two-storey townhomes. This community can inspire your morning walk, jog, bike ride or dog walk.

As with all of Hawthorne Village, the delights of downtown Milton are close at hand. The main street offers that wonderful and unique look of historic, small-town Ontario. Enjoy a Saturday farmers’ market that offers the very best in local goods and produce. You can hike, bike or stroll along an interconnected system of parks and trails, all with the splendour of the Niagara Escarpment.

Downtown also has excellent restaurants, live theatre, art and music venues. There’s a world-class recreation facility and the Mattamy National Cycling Centre, used during the Pan-Am Games. And all of this is available with easy access to major highways and GO Transit.

The varied selection of homes in Hawthorne South Village Sixteen Mile Creek can be personalized to your family needs by incorporating many of Mattamy’s Architect’s Choice Options as the home is being built. And at the Design Studio, you can add all of the personal touches that complete your home to your personal taste.

Hawthorne South Village Sixteen Mile Creek is worthy of your consideration as a place to live and enjoy. Townhomes are priced from $557,990.

Mattamy Homes is the largest privately owned homebuilder in North America, with a 40-year history of operation across the United States and Canada. Every year, Mattamy helps 7,000 families realize their dream of homeownership. In the United States, the company is represented in 10 markets – Charlotte, Raleigh-Durham, Phoenix, Tucson, Jacksonville, Orlando (where its U.S. head office is located), Tampa, Sarasota, Naples and Southeast Florida. In Canada, communities stretch across the GTA, as well as Ottawa, Calgary and Edmonton.

Since 1978, Mattamy has built more than 90,000 homes across Canada and the United States. In the GTA, they have the distinction of having earned an unprecedented eight BILD Homebuilder of the Year Awards.

MATTAMY HOMES
Hawthorne South Village Sixteen Mile Creek

Located at 10180 Derry Road, Milton, the Sales Centre is open Monday to Thursday from 1 to 8 p.m., Friday from 1 to 6 p.m. and Saturday, Sunday and holidays from 11 a.m. to 6 p.m.

905.875.2692

MattamyHomes.com


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Saturday in Downsview Park by Mattamy Homes

Saturday in Downsview Park by Mattamy Homes

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Saturday in Downsview Park by Mattamy Homes

COMING SOON “Saturday in Downsview Park” is the only condominium bordering the park

Mattamy’s newest condominium is “Saturday in Downsview Park“, where there’s an endless array of events and activities at your door. North York’s Downsview Park offers 291 acres of outdoor living and nature at its finest. There are open-air concerts and a weekend Merchants Market with more than 500 vendors. Year-round sports leagues include basketball, soccer, and hockey, or try indoor rock climbing or go karts. The park’s lush greenspace will draw you outside, where steps away is the Meadow overlooking a sparkling Lake, and the four-kilometre Circuit path attracts cyclists and walkers alike.

Actual North View Photo
Actual North View Photo

Mattamy Homes‘ “Saturday in Downsview Park” is the only condominium bordering the park. The first building will be a boutique, 10-storey midrise that offers professionals, families, and first-time buyers an incredible lifestyle opportunity. Those new to the area, along with current residents who already love the convenience of their established neighbourhood, will find living just 20 minutes to downtown, fast access to major highways and a home in the park, simply irresistible.

Suite choices will include one-bedroom, one-bedroom plus den, two-bedroom and two-bedroom plus den layouts, starting from 548 square feet. Many designs have spectacular outdoor terraces and patios which extend the living space providing a seamless connection with the park next door.

Coming soon – Saturday in Downsview Park.
Coming soon – Saturday in Downsview Park.

The first building will have about 240 suites with beautiful appointments and amenities. The lobby features Study nooks, communal meeting areas, and 24/7 Concierge service, while beyond, residents and their guests will find many ways to enjoy the park-inspired lifestyle. Amenities will include a stunning party room complete with catering kitchen, dining room and a walkout to an outdoor terrace; a chic Gathering Gallery plus a landscaped courtyard. There is a modern fitness room and separate yoga studio, plus a children’s’ playroom/flex space adjoining the party room. A convenient dog wash area ensures nobody is forgotten in this condominium.

This great location is now served by Downsview Park GO and TTC station, making access to the entire city fast and easy. There’s also a link with the Barrie GO Transit line and it’s only three stops to Yorkdale, and York University.

Lush courtyard entry at "Saturday in Downsview Park".
Lush courtyard entry at “Saturday in Downsview Park”.

About Mattamy Homes

Mattamy Homes is the largest privately owned homebuilder in North America, with a 40-year history of operations across the United States and Canada. Every year, Mattamy helps 7,000 families realize their dream of home ownership. In the United States, the company is represented in 10 markets – Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its US head office is located), Tampa, Sarasota, Naples and Southeast Florida – and in Canada, its communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. Visit the website for further information.

Make every day a Saturday! Suites priced from the $300,000s. Register now at MattamyHomes.com.


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GTA’s top builders and projects honoured at annual BILD Awards

GTA’s top builders and projects honoured at annual BILD Awards

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GTA’s top builders and projects honoured at annual BILD Awards

Mattamy and Great Gulf named as GTA Homebuilders of the Year, Hugh Heron wins Lifetime Achievement Award.

The GTA’s home building and land development industry recognized its top builders, projects and marketing initiatives at the 38th annual BILD Awards on Friday, May 4, 2018.

More than 1,300 industry professionals attended the event, which honoured achievements in planning, design, sales, marketing and city building in 51 categories. A group of 30 expert judges from across North America determined the winners from more than 900 submitted entries.

A highlight of the evening was the presentation of BILD’s Lifetime Achievement Award to Hugh Heron, principal and co-founder of Heron Homes. This recognition is the association’s highest honour and was presented to Heron for his 50 years of leadership in the building and land development industry.

HOMEBUILDERS OF THE YEAR

Taking home the night’s most prestigious awards for Homebuilders of the Year were Mattamy Homes for Lowrise and Great Gulf for Mid/Highrise.

The Homebuilder of the Year titles recognize the builders who set the standard for the rest of the industry through their professionalism and dedication to excellence.

The winners are leaders committed to quality, caring for their customers and contribution to their community. A key component of the judging process is a customer satisfaction survey completed by the builders’ purchasers.

The Great Gulf Group has been in business for over 40 years and includes Great Gulf, Ashton Woods, First Gulf, H+ME Technology, and Tucker HiRise. It has grown into one of North America’s premier real estate organizations. They have built their reputation by continually seeking to marry design, technology and experience in exciting new ways.

Mattamy Homes is the largest privately owned homebuilder in North America with a nearly 40-year history of operations across the United States and Canada. The company started in 1978, building one home in Burlington. Today they have over 90,000 homeowners in hundreds of master-planned communities. Mattamy is continually in touch with each homeowner from the first touchpoint at their sales centre, to when a purchaser moves in, to long after they have settled into their new home.

Hugh Heron
Hugh Heron

LIFETIME ACHIEVEMENT AWARD

For the past 50 years, Hugh Heron has been a “builder” in every sense of the word in the province of Ontario. Today, he is one of the most active and influential professionals in the new home industry, as well as an avid media spokesperson for the building and land development industry in the GTA.

In 1967, Heron came to Canada and got his first job with Costain, a company that he had worked for in Scotland. In 1979, Hugh went off on his own to co-found Heron Homes with a group that he is still in business with today. Heron’s building entities has gone on to build over 8,000 homes in 50 communities across Ontario and has built over 1,000,000 square feet of commercial and retail space.

“For 50 years Hugh has given back to the industry that gave so much to him and his family,” said Wilkes. “He has served in leadership positions at some of the industry’s most important institutions, including chair of the Ontario New Home Warranty Program, past president of both the Greater Toronto and Ontario Home Builders’ Associations, and former senior board member of Canada Mortgage & Housing Corporation (CMHC).”

Heron is also well known for his community and charity work, establishing the Mikey Network in memory of Michael Salem, a partner at Herity who died of cardiac arrest on a golf course in June 2002. The Mikey Network helps place Mikeys (public access defibrillators) in schools, workplaces and public access areas across Canada. These defibrillators have been used to save 39 lives to date and many more to come.

“Hugh Heron’s goal has always been to make the new homebuyer feel comfortable during the building process,” said Wilkes. “Hugh has always made the journey of new homeownership a positive experience. When someone buys a home from Hugh and moves in, he makes sure they feel ‘Home at Last,’ ”’ said Wilkes with a smile.

TOP AWARDS

The People’s Choice Award, determined by members of the public through online voting, was awarded to CentreCourt Developments and SmartCentres for their Transit City development in Vaughan.

“People’s Choice is a unique award because it is the public that decide the winner,” said BILD president and CEO Dave Wilkes. “Nearly 6,000 people voted for projects that competed for the best in city building that demonstrated how the industry is providing a wide range of housing options for GTA homebuyers.”

For community building, BILD has two categories for outstanding projects that embody the province’s smart growth principles: Best New Community (Planned/Under Development) for a project currently planned or under construction; and Best New Community (Built) which recognizes a completed project.

The Daniels Corporation won Best New Community (Planned/Under Development) for Lighthouse Tower East, located at Lower Jarvis Street and Queens Quay East. For its work on Harbour Plaza and One York, Menkes Development won the award for Best New Community (Built).

The Berkley by Arista Homes took home the award for Best Innovative Home Design, which recognizes cutting-edge design in lowrise homes that increase buying choices for entry-level consumers.

Best Innovative Suite Design went to Collecdev’s Unit E8, a two-bedroom, two-bathroom unit that maximizes living space.

Curated Properties and Windmill Developments won the award for the Best Midrise Building Design for The Plant, which seeks to bring new standards of sustainability and urban agriculture to Queen West.

For their outstanding leadership in the implementation of green building practices, Dunshire Developments was named Green Builder of the Year, Lowise, and Tridel was named Green Builder of Year, Mid/Highrise.

The Project of the Year, Lowrise title went to TACC Developments, Arista Homes Limited, DECO Homes, Fieldgate Homes and OPUS Homes for their Richlands development in Richmond Hill, while Curated Properties and Windmill Developments’ The Plant was selected as the Mid/Highrise Project of the Year.

The award for Best Overall Marketing Campaign went to the team of Graywood Developments and Community for their campaign for Peter & Adelaide.

The Stephen Dupuis Humanitarian Award was given to The Daniels Corporation and the Riley Brethour Leadership Award was given to Andrea DeGasperis-Ronco of OPUS Homes.

For a full list of winners, go to bildawards.ca.


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EDITOR'S CHOICE: Cover Story: Mattamy Homes

EDITOR’S CHOICE: Cover Story: Mattamy Homes

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EDITOR’S CHOICE: Cover Story: Mattamy Homes

For variety and location, Mattamy is right in your neighbourhood

Spring is a time of renewal. Nature is blooming. The sun is shining more often. The days are longer and warmer so it’s a perfect time to go searching for a new home. Where to begin?

Mattamy Homes is a great place to start. Whether you are searching for your very first home, or you need a larger home for a growing family, Mattamy can make the search very rewarding.

Since Mattamy built their first home in 1978, they have continuously brought innovation and architectural excellence to every home they build. Many of their communities are master-planned so families always have places to gather, playgrounds to visit and schools to attend within walking distance. Some communities also feature community centres, retail stores, ponds in the summer and skating rinks in the winter. Mattamy believes the community and your home should all be connected to create an enjoyable living experience.

A Mattamy community looks and feels different than other places. There are fewer homes per street so you don’t feel like you’re living in a cookie cutter environment. And the homes are offered in a variety of styles so each street has distinct character. Mattamy has always been an innovator in home design creating environments that simply make you feel right at home the instant you move in. They understand that open space allows for more fluid, free-flowing interaction.

Mattamy offers more choice in both exterior and interior finishes, so you can ensure the home you are buying is the home you always dreamed of. To personalize your home, Mattamy offers Architect’s Choice Options, which give homeowners an opportunity to make pre-approved structural changes before construction begins. These options are fully integrated into the home while under construction so you have the satisfaction of knowing that the home will be completely finished the way you want before you move in.

Mattamy’s state-of-the art Design Studios give their homeowners the choice to select every interior finish in your home. From granite countertops, backsplashes to trend-setting light fixtures, you will not be disappointed.

Mattamy Homes is the largest privately-owned homebuilder in North America with a 40-year history of operations across the United States and Canada. Every year, Mattamy helps 7,000 families realize their dream of homeownership. In the United States, the company is represented in 10 markets – Charlotte, Raleigh- Durham, Phoenix, Tucson, Jacksonville, Orlando (where its U.S. head office is located), Tampa, Sarasota, Naples and Southeast Florida. And in Canada, those communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton.

Mattamy has won numerous awards for community planning and home design including an unprecedented seven-time winner of the Homebuilder of the Year Award in the GTA.

No matter what you want from a new home, Mattamy has what you’re looking for from a stylish condo or townhome to a luxury detached home. A Mattamy home is a home you’ll value for a lifetime.

You’ll find a Mattamy community anywhere you want to live throughout the GTA.

Have a great spring and happy home hunting.

MATTAMY HOMES

Open

Coming Soon

MattamyHomes.com


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Editor's Choice: Mattamy Homes

Editor’s Choice: Mattamy Homes

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Editor’s Choice: Mattamy Homes

At Kleinburg Summit, the Gallery on the Park executive townhomes are perfectly planned

Kleinburg is a town well known across Canada for its eclectic art galleries, including the McMichael Canadian Art Collection, which features the largest selection of Canada’s famed Group of Seven. It seemed only fitting that in Mattamy’s community of Kleinburg Summit they would feature executive townhomes known as the Gallery on the Park Collection.

Over the years, Mattamy has learned a great deal about the art of architecture and the importance of nature in creating a wonderful environment in which to live, thrive and enjoy. In Kleinburg Summit‘s Gallery on the Park Collection, nature is bountiful.

These townhomes embody the best of modern living surrounded by an environment that is perfect for active people who like to run, hike and cycle. It’s equally as appealing to those who prefer to find a spot under a tree to read a book, or spread out a blanket and enjoy a family picnic. The streams, fields and forests are virtually right outside your front window. The idea is that you should be able to enjoy a stress-free zone right outside your front door.

In the Gallery on the Park Collection of executive townhomes, the art of architecture supports the need for functionality of space. The notion of “a place for everything and everything in its place” is more than a notion in these townhomes. They are, by design, perfectly planned to serve the needs of the people living in them.

There is a sense of openness in these executive townhomes, an organic flow of space that is both inspiring and comforting. And to ensure that you can make the interior your own, Mattamy offers a state-of-the-art Design Studio, staffed by professional design consultants who will assist in finding the countertops, cabinets, flooring, mouldings and tiles that make your home a complete reflection of your style.

You’ll also quickly discover that executive townhomes in Kleinburg Summit’s Gallery on the Park are never just another row of townhomes. They offer individual exterior designs so your home has individual character and the streets take on the character of a quaint village. These townhomes also offer enough space to park four cars.

Kleinburg Summit is right in the heart of the town so you can readily enjoy the local shops, fine restaurants and scenery, including the highly regarded Kortright Centre for Conservation. As you stroll the streets you will find a cordiality that is common in a small village. You’ll also find all of this while maintaining a connection to the city.

And, coming soon, there will be three detached Model Homes so you can examine the design thinking and superb craftsmanship in Kleinburg Summit’s homes.

Mattamy built their very first home in 1978. Since then, they have built more than 90,000 homes across Canada and the United States. In the GTA, they have the distinction of having earned an unprecedented seven BILD Homebuilder of the Year Awards, including last year.

The executive townhomes of Kleinburg Summit’s Gallery on the Park Collection offers your family the best of everything, inside and outside.

Gallery on the Park executive townhomes are priced from $799,990 and detached homes from $889,990.

MATTAMY HOMES
Kleinburg Summit
Gallery on the Park

Located at 10340 Highway 27, Vaughan, the Sales Centre is open Monday to Thursday from 1 to 8 p.m., Friday from 1 to 6 p.m., and Saturday, Sunday a holidays from 11 a.m. to 6 p.m. Coming soon: Three detached Model Homes.

905.552.1184
MattamyHomes.com


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Guest Column: Housing Recession Almost Over

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Guest Column: Housing Recession Almost Over

This past year saw the lowest absorption of low-density homes since 1980

“The housing recession is almost over,” were the opening remarks from Peter Gilgan, the founder and CEO of Mattamy Homes at a recent Urban Land Institute “fireside chat” at the Board of Trade. I have had the distinct privilege of following Peter’s remarkable career since its inception in 1978. He explained the secrets to his amazing success as these:

  • An insatiable curiosity;
  • A fearless determination;
  • A commitment to a strong team and a 60 to 80 hour work week;
  • Be smart and always take action;
  • And throw in a little luck.

Gilgan’s address was insightful, penetrating and grounded. For an individual of such unrivalled success, incredible wealth and powerful philanthropy, his character was without bravado, full of humility, good humour and he gave credit to this team ahead of himself.

The one quote, among many that struck a cord, was that the “housing recession in the GTA is nearly over.”

A housing recession is an expression more broadly associated with a general economic recession and this, of course, has not been the case. In fact, this “recession” has been confined to low to medium-density housing product throughout the GTA. In contrast the high-density housing scene continues to flourish, although the rapid price escalation that predicated a low-density correction is clearly underway in the highrise condo market.

This past year saw the lowest absorption of low-density homes since 1980 when PMA began keeping records. At 7,700 units, only the deep general recession of 1989 to 1994 comes close. In the year-end to January 2018, resale low-density prices have declined 9.1 per cent and since the peak in April 2017, have declined by 19 per cent — a very real and dramatic correction. The reset button in new low-density housing has not been pushed yet, except by Mattamy.

These past few weeks have seen Mattamy in Whitby, Klienburg and Milton offering product and prices not seen since the fall of 2016, thereby eliminating the artificial and speculative gains form the spring of 2017. The consumer responded with line-ups and very brisk sales. Mattamy got ahead of the market bottom and may in fact have set the new base. In the short term, there will be consumers negatively effected by this correction. But in the long term, as experienced by previous corrections in 1976, 1981, 1989, 2001 and 2008, the market will recover.

It is very important for the longterm health of the GTA’s economy and housing affordability that prices returned to some semblance of balance with household formations and income. Over the next several months, prices will stabilize. The underlying demand quotient is still very strong. The real issue is with housing land supply.

Government policy at the provincial and federal levels attacked the demand side — higher interest rates, tougher approval rules and punishing investment taxes. It worked! At the municipal level the supply side ground to a halt. Smart growth became no growth. It also worked!

Now we have to encourage government policy at all levels to quickly and dramatically improve low-density supply. This market must be brought back into balance with swifter approvals, release of alternative development lands, innovative deregulations and the creation of a development ombudsman to assist in dispute resolution. Failure to take fast and effective action on supply will lead to a longer and more a devastating correction.

The “housing recession” is nearly over for Mattamy. The rest of the industry will slowly but surely adapt through the balance of 2018.

For the consumer: in crisis there is opportunity. In the next several months this will be an exceptional time to reenter the market.

Andrew Brethour is chairman and CEO of PMA Brethour Realty Group. PMABrethour.com

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Vita on the Lake & Vita Two

Vita on the Lake & Vita Two

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Vita on the Lake & Vita Two

Mattamy and Biddington Homes offering up twice the lifestyle at fabulous new condominium

A one-of-a-kind waterfront lifestyle is yours to discover at Vita on the Lake and Vita Two in Etobicoke. This extremely desirable condominium community by Mattamy Homes and Biddington Homes offers distinctly stylish living in a contemporary environment adjacent to Lake Ontario. Vita on the Lake residents will also appreciate the nearby 43-hectare Humber Bay Park and the Martin Goodman Trail, which extends almost 56 kilometres from Humber Bridge.

Vita purchasers longing to take full advantage of their waterfront location will find the Humber Bay Sailing Centre offers lessons from May to September and, when you are ready, the boat sharing club is a great way to hone your skills — all just minutes away!

A fine selection of spectacular suites are available in both buildings, with breathtaking water or city views. The first building is Vita on the Lake, a grand 53-storey tower with over 90 per cent of suites sold. Available luxury penthouses ranging from a 1,060-square-foot two-bedroom layout to a 1,746-square-foot three-bedroom plus den are priced from $1,112,990. Penthouse suites have deluxe finishes, including smooth-finish 10-foot ceiling heights (excluding bulkheads) with 8-foot suite entry and interior doors, marble tile in foyer, engineered flooring in living, dining, bedrooms and den, side by side washer & dryer with laundry tub (as per plan), complete Miele stainless steel kitchen appliance package, two parking spaces and so much more.

In addition to the penthouses, Vita on the Lake suite choices, priced from $953,990, include spacious two-bedroom and two-bedroom-plus-den layouts. Construction on Vita on the Lake is slated to start soon!

Vita Two, sister building to Vita on the Lake, is an intimate 16-storey boutique building right on the water. Suites have priceless unobstructed lake views. An excellent selection of suites remains with designs from 657 to 2,073 square feet, priced from $648,990 to $1 million-plus. Parking, locker and one-year FREE maintenance fees are included.

It is not design alone that is attracting condo buyers to the two buildings at Vita on the Lake. The location offers quick access to the Gardiner Expressway and the QEW and is only an eight-minute drive to Mimico GO station. It’s also just a short walk to streetcar stops. This wonderful condo community is also handy to shops, restaurants, cafés and grocery stores.

Indoor and outdoor building amenities include a light-filled lobby featuring 24-hour Concierge, an indoor saltwater pool, fullsize fitness room, yoga studio, and an indoor/outdoor party room with barbecue terrace, plus a private dining room and outdoor terrace lounge.

Vita and Vita Two on the Lake are being developed and built by two prestigious companies with longstanding reputations for excellence and experience in waterfront development. Mattamy is the largest privately owned homebuilder in North America, having built more than 70,000 homes in hundreds of communities. Founded in the 1960s, The Biddington Group of Companies has developed numerous highrise communities, luxurious single family homes, and has partnered with some of Canada’s most respected developers.

Choose a suite in either building. Visit the Sales Centre, located at 2167 Lakeshore Blvd. West, Etobicoke. The Sales Centre is open from noon to 8 p.m. Monday to Thursday, from 1 p.m. to 6 p.m. Friday, and from 11 a.m. to 6 p.m. weekends.

647.347.5930

Register at MattamyHomes.com


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The Analyst: Housing recession almost over

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The Analyst: Housing recession almost over

By Andrew Brethour

“The housing recession is almost over,” were the opening remarks from Peter Gilgan, the founder and CEO of Mattamy Homes at a recent Urban Land Institute “fireside chat” at the Board of Trade. I have had the distinct privilege to follow Peter’s remarkable career since its inception in 1978. He explained the secrets to his amazing success as these:

  • An insatiable curiosity;
  • A fearless determination;
  • A commitment to a strong team and a 60 to 80 hour work week;
  • Be smart and always take action;
  • And throw in a little luck.

Gilgan’s address was insightful, penetrating and grounded. For an individual of such unrivalled success, incredible wealth and powerful philanthropy, his character was without bravado, full of humility, good humour and he gave credit to this team ahead of himself.

The one quote, among many that struck a cord, was that the “housing recession in the GTA is nearly over.”

A housing recession is an expression more broadly associated with a general economic recession and this, of course, has not been the case. In fact this “recession” has been confined to low- to medium-density housing product throughout the GTA. In contrast, the high-density housing scene continues to flourish, although the rapid price escalation that predicated a low-density correction is clearly underway in the highrise condo market.

This past year saw the lowest absorption of low-density homes since 1980 when PMA began keeping records. At 7,700 units, only the deep general recession of 1989 to 1994 comes close. In the year-end to January 2018, resale low-density prices have declined 9.1 per cent and since the peak in April 2017, have declined by 19 per cent — a very real and dramatic correction. The reset button in new low-density housing has not been pushed yet, except by Mattamy.

These past few weeks have seen Mattamy in Whitby, Kleinburg and Milton offering product and prices not seen since the fall of 2016, thereby eliminating the artificial and speculative gains form the spring of 2017. The consumer responded with lineups and very brisk sales. Mattamy got ahead of the market bottom and may, in fact, have set the new base. In the short term, there will be consumers negatively effected by this correction. But in the long term, as experienced by previous corrections in 1976, 1981, 1989, 2001 and 2008, the market will recover.

It is very important for the long-term health of the GTA’s economy and housing affordability that prices return to some semblance of balance with household formations and income. Over the next several months, prices will stabilize. The underlying demand quotient is still very strong. The real issue is with housing land supply.

Government policy at the provincial and federal levels attacked the demand side — higher interest rates, tougher approval rules and punishing investment taxes. It worked! At the municipal level the supply side ground to a halt. Smart growth became no growth. It also worked!

Now we have to encourage government policy at all levels to quickly and dramatically improve low-density supply. This market must be brought back into balance with swifter approvals, release of alternative development lands, innovative deregulations and the creation of a development ombudsman to assist in dispute resolution. Failure to take fast and effective action on supply will lead to a longer and a more devastating correction.

The “Housing Recession” is nearly over for Mattamy. The rest of the industry will slowly but surely adapt through the balance of 2018. For the consumer: in crisis there is opportunity. In the next several months this will be an exceptional time to re-enter the market.

Andrew Brethour is chairman and CEO of PMA Brethour Realty Group. http://www.pmabrethour.com/

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Mattamy Homes

Editor’s Choice: Mattamy Homes

Latest News


Editor’s Choice: Mattamy Homes

Just in time to invest in your family by investing in Kleinburg

Kleinburg is well known for its wonderful village feel and natural surroundings. It is a town of unique shops, fine dining and world-renowned art galleries featuring the McMichael Canadian Art Collection, featuring Canada’s famed Group of Seven. It is a wonderful place to live in privacy while still being part of the vibrant city scene.

Kleinburg has been described as the “hidden jewel of Vaughan, admired for it’s serene rivers, fields and forests that are enjoyed by families during all seasons. It is also home to the Kortright Centre for Conservation and the well-used Vellore Village Community Centre.

And if your idea of fine art includes superb architecture, then at Mattamy’s Kleinburg Summit you will find a collection of towns and detached designs that will appeal to your aesthetics.

Kleinburg Summit is right in the heart of the village and the upscale architecture and community planning make this an ideal location for new families and those who expect a home to exhibit taste and thoughtful design.

Your new home in Kleinburg Summit will make you feel right at home the first time you walk in. It’s the kind of home that will fulfill all your expectations time and time again. You’ll find comfort in the wide, bright rooms and sense of openness throughout. And through Mattamy’s Architect’s Choice Options and extensive Design Studio offerings you have an endless source of ideas to make your home a unique family space.

Mattamy has built 90,000 homes across North America and in homebuilding, experience counts.

A home is your most important investment because it’s a family investment, a place where you can watch your children grow, where memories are created and where happiness happens every day.

Kleinburg is an inspired place for family living and during Mattamy’s Just In Time Event, you can find your family castle in Kleinburg Summit. Townhomes are priced from $799,990 and detached homes from $869,990.

MATTAMY HOMES
Kleinburg Summit

Located at 10340 Highway 27, Vaughan, the Sales Centre is open Monday to Thursday from 1 to 8 p.m., Friday from 1 to 6 p.m., and Saturday, Sunday and holidays from 11 a.m. to 6 p.m.

(905) 552-1184
MattamyHomes.com


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