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EDITOR'S CHOICE: Podium Developments

New home buying opportunities abound in Oshawa and Durham Region

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New home buying opportunities abound in Oshawa and Durham Region

EDITOR'S CHOICE: Podium Developments
Ironwood Towns in North Oshawa by Podium Developments and Urban Capital

Despite the bad news this week that General Motors Canada plans to close assembly operations in Oshawa, there are some good new home buying opportunities in the city and elsewhere in Durham Region.

As various levels of government and the Unifor trade union vow to somehow keep the plant open or otherwise deal with the fallout of the decision, the housing sector in Oshawa is expected to shift into a buyers’ market.

That could mean deals for buyers in a market where home prices have already been under pressure.

 

Also read: What the GM plant closure means for Oshawa economy and housing

Also read: Oshawa housing to move into buyers’ market thanks to GM closure

 

For those looking to buy a new home, know that there are still plenty of good opportunities in Oshawa and surrounding area.

First, let’s look at recent new home buying activity in the area, courtesy of statistics from Altus Group, theofficial source for market intelligence for the Building Industry and Land Development Association (BILD).

 

Total new home sales, units

Oshawa Durham Region
Annual
2013          682       2,376
2014       1,108       3,130
2015          971       3,433
2016       1,149       5,344
2017          490       2,385
Jan-Oct
2017          483       2,262
2018            83       1,065
Source:  Altus Group

 

Naturally, the GM news is a sensitive topic to an industry such as home building, where companies dedicate years to planning and construction development projects. So don’t expect a comment any time soon from BILD, the voice of home builders in the GTA, or individual companies.

Might developers at some point offer deals – be they discounts or upgrades – in order to move an unsold inventory in a market not feeling the strongest at the moment?

It never hurts to ask.

 

A selection of new home and condo inventory

Ironwood in North Oshawa, Building Capital and Podium Developments, contemporary freehold townhomes

Harmony Creek, Conservatory Group, townhomes and detached homes

Daniels FirstHome Oshawa, townhomes

Brook Phase 2, Delpark Homes, detached homes

Fields of Harmony Phase IV, Greycrest Homes, detached homes

Harmony Gate, Sundance Homes, townhomes

Kingsview Ridge, Treasure Hill, 30-, 36- and 40-ft. singles

Park Ridge, Tribute Communities, detached homes from the low $900’s

U.C. Towns 2, Tribute Communities, townhomes form the low $600’s

Top of Townline, Woodland Homes, detached homes

For more new home buying opportunities, visit MyHomePage.ca

With files from Natalie Sicilia, New Home Research Manager & Map Editor

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House web

Oshawa housing to move into buyers’ market thanks to GM closure

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Oshawa housing to move into buyers’ market thanks to GM closure

House web

In one fell swoop, General Motors Canada’s announcement on Nov. 25 that it plans to close all assembly operations in Oshawa, Ont. effectively has pushed housing there into a buyers’ market.

“The announced General Motors plant closure will certainly impact Oshawa, and the trickle-down effect will be felt across the province,” Christopher Alexander, executive vice-president and regional director, ReMax Integra of Ontario-Atlantic Region, told Homes Publishing.

“However, it’s important to remember that GM isn’t the economic driver that it used to be in Durham Region. The area boasts a growing education sector and a new casino is slated to open in 2019, which will boost new condo development and housing demand. With the rise of remote work and no relief expected for Toronto house prices in 2019, Oshawa will continue to be a popular choice with first-time and move-up buyers who have been priced out of the 416.”

There you have it, prospective home buyers.

Opportunity knocks

While such a major employment hit is hardly an occasion to celebrate, these developments could mean opportunity for those looking to buy a home.

“The fact is that more than 2,500 GM workers will be left in the lurch come 2020, and the looming loss of income will likely prompt a softening of the market at a local level, as existing residents and prospective homebuyers digest the news and what it might mean for them,” says Alexander. “This coming closure, coupled with further interest rate increases in 2019, is likely to trigger a market shift from the current balanced territory, as homebuyers delay purchases, scale down lower-priced properties or move away in search of employment.”

Also read: What the GM plant closure means for Oshawa economy and housing

Also read: Focus on Whitby and Oshawa

Also read: 5 affordable neighbourhoods for detached homes in 416 and 905

Another real estate expert, Don R. Campbell, says the impact of the closure could take 18 to 24 months to play out fully in the region.

Diversified economy

Thankfully, there is more going for Oshawa and the Durham Region than just General Motors. Though it was once described as the “Automotive Capital of Canada,” in recent years the economy has diversified into education and health sciences. The University of Ontario Institute of Technology, Durham College and Trent University Durham and all have campuses in the city, among other economy-boosting facilities.

Indeed, in its latest Metropolitan Outlook, the Conference Board of Canada pegged Oshawa to be one of the strongest economies in the province for 2018. The Board forecast real GDP growth of 2.6 per cent this year, following 3.2 per cent in the last two years, citing strength in the non-residential construction, education, health care, finance and insurance sectors.

In addition, Statistics Canada figures show that Oshawa was one of the fastest growing cities in Ontario from 2011 to 2016, with 6.6 per cent population growth, second only to Guelph at 7.7 per cent. This, after growing 7.7 per cent from 2006 to 2011.

Importantly, for prospective home buyers, transportation improvements such as expanded GO Transit and the Hwy. 407 extension make it easier for people to live in Oshawa – at cheaper home prices – and commute to work in other areas such as Toronto. Another extension of the 407 eastward to neighbouring Clarington is due for 2020, further easing transportation options.

New home opportunities

Tomorrow, we’ll explore some of the opportunities to buy new homes in the Durham Region.

 

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Toronto fall web

Higher Toronto Development Charges kick in Nov. 1

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Higher Toronto Development Charges kick in Nov. 1

Toronto fall web

By Wayne Karl

It’s Nov. 1, prospective homebuyers in Toronto, and if you’re looking to buy a new home, the price of your property just went up – thanks to the City’s new Development Charges.

And trust us, homeowners and buyers, the numbers are frightening. Increasingly so.

Just what are Development Charges (DCs)? Those are the fees, levies and other costs municipalities add to development projects. Amounting to tens of thousands of dollars per condo unit or lowrise home, these fees go towards paying for transit and road infrastructure, community services such as parks and recreation and police and fire services, and other items.

And most of those costs, dear homebuyer, are passed on to you. Meaning, they impact the amount of income you have available to pay your mortgage.

Not just that, many believe that new-home buyers end up paying a disproportionate amount for new amenities and services that are enjoyed by the wider community.

Just how much are we talking about here?

(The explanation is kind of complicated and even a bit of an eye-glazer, but stay with us – it’s worth it.)

DCs comprise from 23 to 45 per cent (the largest component) of the government charges on new homes, according to a recent study by Altus Group, commissioned by the Building Industry and Land Development Association (BILD). Since 2004, development charges have increased between 236 and 878 per cent.

  • The average government charges for each new single‐detached home are roughly $186,300, or roughly 21.7 per cent of the average price for a new home. Charges per home range from $120,000 in the Town of Bradford West Gwillimbury to $232,500 in the Town of Oakville.
  • For a new condominium, the average government charges per apartment are approximately $122,800, or roughly 23.9 per cent of the average price for a new condominium apartment. Charges per condominium range from $68,800 in the Town of Bradford West Gwillimbury to $164,500 in the City of Toronto.

RISING HOME PRICES

Further impacting costs for homebuyers is rising home prices, driven by economic and market factors. Over the 2009‐17 period, the average price of lowrise homes in the GTA increased 167 per cent, while for highrise units the figure grew by 80 per cent, according to Altus Group.

DCs by municipality, per single-detached home

  • Town of Ajax/Durham Region: $44,447
  • Town of Oakville/Halton Region: $73,965
  • City of Brampton/Peel Region: $81,825
  • City of Markham/York Region: $82,017
  • Town of Bradford West Gwillimbury/Simcoe County: $34,08
  • City of Toronto: Currently $41,251

For Toronto, the City is in the midst of a DC increase to $80,227 per unit, to take full effect in November 2020. Fifty per cent of the increase takes place in November 2018, and by November 2019 80 per cent of the increase is to be implemented.

Here’s what’s happening for Toronto, select property types, per unit

Property Type                            As of May 1, 2018           Effective Nov. 1, 2018
Singles and semis                              $41,251                                    $60,73
Multiples, 2-plus bedrooms              $34,742                                    $50,528
Condos, 2-plus bedrooms                 $25,366.                                   $36,165
Condos, 1-bedroom & bachelors     $17,644                                    $24,150

So, Torontonians, get used to Nov. 1 being a day not exactly worth celebrating.

RELATED READING

Government should develop a better plan for Development Charges

Understanding Development Charges

Seven steps to housing affordability in Ontario

New residential development brings new amenities to GTA communities

 

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GTA New home market

GTA new home market quiet in August

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GTA new home market quiet in August

GTA New home market

August was a quiet month for the GTA new home market, as buyers waited on the sidelines, according to the Building Industry and Land Development Association (BILD).

There were 974 total new home sales in August, according to Altus Group, BILD’s official source for new home market intelligence. Single-family home sales, with 171 detached, linked and semi-detached houses and townhouses (excluding stacked townhouses) sold, were up 50 per cent from last August but down 80 per cent from the 10-year average. Condominiums in low, medium and highrise buildings, stacked townhouses and loft units accounted for 803 new home sales, down one per cent from August 2017 and down 28 per cent from the 10-year average.

August’s sales numbers should not be interpreted as a sign that there is a shortage of interested buyers in the GTA, according to Patricia Arsenault, Altus Group’s executive vice-president, Data Solutions. “Pent-up demand is forming, which suggests we should see sales start to firm up this fall.”

WAIT AND SEE

Many potential new-home buyers are taking a wait-and-see approach due to the effects of government interventions to cool the housing market and concerns about the future direction of the economy, says David Wilkes, BILD president and CEO. “Once the market adjusts and more people start looking for homes, our region’s short supply of housing will mean that affordability will continue to be a challenge for many new-home buyers.”

In August, the benchmark price of new condominiums rose to $784,512, up 21.8 per cent over the last 12 months. The benchmark price of new single-family homes was $1.12 million, down 12.4 per cent over the last year.

With only two projects opening in August, the remaining new home inventory decreased to 13,619 units, comprising 8,842 condo units and 4,777 single-family units. Remaining inventory includes units in preconstruction projects, in projects currently under construction, and in completed buildings.

SUPPLY ISSUE

To truly solve the challenges facing the GTA housing market, Wilkes says, governments need to address the supply side of the equation. “Municipal governments, in particular, can make a big difference. Ahead of the municipal elections in the GTA, BILD has been talking to municipal leaders and residents about straightforward steps that municipalities can take to increase housing supply, including making sure that government charges on new homes are fair, funding and building critical infrastructure, cutting red tape and speeding up building permits and inspections.

“Voters can find out more and send an email to their local candidates at buildforgrowth.ca.”

RELATED STORIES

GTA housing market correction coming to an end, ReMax says

GTA luxury market set for a strong fall season

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Love new home development Web

One reason to LOVE new home development

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One reason to LOVE new home development

Love new home development Web

by Wayne Karl

Sure, everyone understands the need for new home development – homes, condos, infrastructure and other neighbourhood amenities.

They just don’t want it too close to them – the so-called “not in my backyard” (NIMBY) syndrome.

The latest indication comes from a joint poll from The Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB). Last week, the bodies issued the results of a poll – as the Oct. 22 municipal election nears – to shed some light on voters’ priorities.

 

“(The) poll data clearly showed that housing affordability and supply are key issues for GTA residents,” says Garry Bhaura, TREB president. “Residents expect municipal politicians to tackle these issues in the upcoming election.”

Poll results show that building more new homes is seen, overwhelmingly, as a critical part of the solution to housing affordability in the GTA. However, overcoming resistance to change and “not in my backyard” sentiment in existing neighbourhoods is a huge barrier that municipal leaders can help overcome by taking a leadership role.

KEY POLL RESULTS:

  • 87 per cent of respondents indicated that it is important to build new homes in the GTA as a means toward addressing the issue of housing affordability
  • GTA residents across all areas expressed this importance, including those living in York Region (87 per cent), Toronto (88 per cent), Peel Region (87 per cent), Durham Region (88 per cent) and Halton Region (81 per cent)
  • Those living in the 416 (88 per cent) feel slightly more strongly about the importance of new builds versus those in the 905 (86 per cent)

Opposition to new home construction is show to increase with proximity and density.

  • 30 per cent say they oppose the building of a new single family detached home within a half kilometre of their home
  • 37 per cent say they oppose the building of a new townhouse development within a half kilometre of their home
  • 44 per cent say they oppose the building of a stacked townhouse development (defined as middle-density housing) within a half kilometre of their home
  • 49 per cent say they oppose the building of a small condo apartment building (defined as middle-density housing) within a half kilometre of their home
  • 52 per cent say they oppose the building of a mid-rise condo apartment building (defined as middle-density housing) within a half kilometre of their home
  • 59 per cent say they oppose the building of a highrise condo apartment within a half kilometre of their home

 

This is not exactly a new sentiment. BILD and others in the industry have been speaking out on this issue, literally for years.

POTENTIAL POSITIVE IMPACT

One factor homeowners might overlook, however, is the potential positive impact such developments can have, particularly on the value of their homes.

“The construction of new homes can have several impacts on the average home price,” says Ben Myers, president of Bullpen Research & Consulting Inc., Toronto. “It often replaces older retail, commercial space or single-family residential units, which can improve the quality and perception of a neighbourhood, driving up values.

Studies also show that development of new transit and highway infrastructure – often accomplished in concert with new home development – can also boost property values.

The more attractive an area becomes in terms of location, the higher the value of nearby homes. As the demand for homes in that area expands, value appreciation is often a natural result.

Research shows that properties located within 500 to 800 metres of stations of new transportation lines can experience a 10- to 20-per-cent enhancement of real estate values.

Wayne Karl is Senior Digital Editor at Homes Publishing Group. wayne.karl@homesmag.com

RELATED STORIES

THE LAWYER: NIMBYism and politics: a bad combination

Industry Report : The GTA Grows Up, Not Out, And Our Neighbourhoods Are Changing

Home Builder: Our Neighbourhoods Are Intensifying As The GTA Grows Up and Not Out

 

 

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New home market sees prices holding steady

New home market sees prices holding steady

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New home market sees prices holding steady

Sales of new homes in the GTA slowed down in July while prices held steady, the Building Industry and Land Development Association (BILD) announced last week.

Total July new home sales of 1,071 units were down 44 per cent from last July and down 55 per cent from the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence. Sales of new condominium apartments in low, medium and highrise buildings, stacked townhouses and loft units, at 855 units sold, were down 52 per cent from July 2017 and down 40 per cent from the 10-year average.

Sales of new single-family homes, including detached, linked and semi-detached houses and townhouses (excluding stacked townhouses), at 216 units sold, were up 85 per cent from last July — a month that saw the lowest single-family home sales in decades, with 117 units sold — but still 77 per cent below the 10-year average.

The benchmark price of new condominium apartments was $774,759, up 16.5 per cent from last July, but virtually unchanged from last month. The benchmark price of new single-family homes was $1,142,574, down 13.2 per cent from last July and just 0.85 per cent above last month.

“New home sales in the GTA typically take a breather in the summer months compared to the spring,” explained Patricia Arsenault, Altus Group’s executive vice president. “This July was no exception, although minimal new project launches in July, along with declining affordability of new condominium apartments due to recent price escalation, amplified the June-to-July decline in sales somewhat this year.”

With only two projects opening in July, the total remaining new home inventory decreased to 14,784 units, comprised of 9,931 condo apartment units and 4,853 single-family units. Remaining inventory includes units in preconstruction projects, in projects currently under construction and in completed buildings.

“We are still seeing a shortfall in condo apartment inventory,” said Dave Wilkes, BILD president and CEO. “Given the current pace of sales, we should have nine to 12 months worth of inventory, but we only have five. We expect that more condo apartment product will become available in the fall.”

Wilkes added that affordability remains an issue for many buyers.

“The prices of new homes are affected by, among other factors, the fees, taxes and charges added by all levels of government,” he said. “Municipalities have the most direct influence over affordability and supply of new housing, so leading up to the October 22 municipal elections, we are inviting people to send an email to their local candidates, asking them to make housing a priority. Start by visiting buildforgrowth.ca.”

July New Home Sales by Municipality**:

July 2018 Condominium Apartments Single-family Total
Region 2018 2017 2016 2018 2017 2016 2018 2017 2016
Durham 9 27 162 44 60 376 53 87 538
Halton 40 18 76 21 13 45 61 31 121
Peel 147 148 180 88 0 101 235 148 281
Toronto 568 1,134 1,645 1 9 114 569 1,143 1,759
York 91 471 187 62 35 286 153 506 473
GTA 855 1,798 2,250 216 117 922 1,071 1,915 3,172

Source: Altus Group


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Market Report: The Dirt

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Market Report: The Dirt

Deets & Trends about the GTA New Homes and Resale Housing Market

WE ARE:

  • New Home Sales & Marketing Gurus 
  • Licensed Realtors 
  • Market Nerds

SpectrumSky.com

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Come Home to Something New

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Come Home to Something New

And it’s no surprise. Because home buyers across the country are expecting more these days. More space. More windows. More closets. More conveniences. And more dazzle. The kind of “mores” you just don’t find in older homes, no matter how cozy they are. While many home buyers are attracted by the “mores” new homes have to offer, they also say they find the “lesses” very appealing. Less maintenance. Less repair work. And less costly heating and cooling bills. Builders are listening closely to the “mores” and “lesses” that their buyers are demanding. And they’re responding with dramatic new home designs that offer a whole new world of attractive style options and amenities at an affordable price. Sure, older homes can be quaint. But when it comes to design, comfort, convenience and value, nothing compares to a brand new home. When asked what factors motivated them most to “buy new,” home shoppers across the country cited the following reasons:

“…livable floor plans”

come_home_image_2

New homes these days feature maximum light and spaciousness. Whether modest or grand, new home layouts combine informal areas for family activities, workable kitchens for comfort and ease, gracious formal rooms for elegant entertaining and cozy areas for privacy.

“…imaginative design” Open and airy design appeals to a majority today’s new home buyers. To accommodate this trend even small, compact homes are being built with soaring ceilings, dramatic entry ways, deluxe master baths and innovative windows for a feeling of spaciousness.

“…lots of light”

A house filled with natural light bestows warmth, charm and uplifting feelings on those inside. To capture as much sunlight as possible, builders are making use of innovative strategically planned windows, sky lights and variety of sun spaces that make new homes look and feel more open, inviting and spacious.

“…durable, low maintenance materials”

come_home_image_3

New home builders are wise to affordable, earth friendly, low maintenance building materials that make it possible to conserve natural resources without sacrificing comfort. For example, “engineered wood” – a man-made composite lumber – uses half of the wood fiber of sawn lumber, but is considered stronger and much cheaper than the conventional product. A wide variety of other innovative materials – many of which are recycled – are also finding valuable uses in new home construction.

“…cost-saving”

Here’s a fact that hooks many a new home buyer. New homes consume half as much energy as homes built prior to 1980. Thanks to more efficient heating and cooling systems, better windows, controlled air filtration and improved insulation, new homes can save owners substantial sums every month. Besides the economical advantages, HVAC systems in new homes also provide more comfort and convenience year round.

“…fire-protection & other safety measures”

Occupants of new homes are almost six times less likely to die in fires than occupants of older homes. A growing number of new home buyers are aware of this statistic and factor it into their purchasing decision. Throughout the country more and more builders are offering the latest smoke detection systems, circuit breakers and ground fault interrupters making new homes a safer choice for concerned families.

“…healthy living environment”

come_home_image_4

When it comes to health risks, new homes offer clear advantages. Asbestos– which can cause serious respiratory disease – has been removed from shingles, piping, cement board, roof tar, floor tiles, ceiling tiles and insulation. Lead is no longer used in paint or as solder for plumbing. Formaldehyde emissions from particle board and hardwood plywood also have been eliminated. What’s more, in certain regions of the country, new radon prevention techniques are being built into new homes to prevent potential health problems.

“…stronger, quieter construction”

Extra bracing and framing anchors help new homes with stand high winds, storms and even earthquakes. In addition, new building materials make roofs and floors stronger and quieter than those older homes where board sheathing was used. New kinds of trusses for roofs and floors increase strength and also allow builders to offer a much wider range of design possibilities by eliminating most bearing walls.

“…abundant storage space”

come_home_image_5

Closets, closets and more closets. It seems new home buyers just can’t have enough of them. Home builders realize that storage space is something their purchasers crave. They’re responding with walk-in closets, built-in shelving and innovative storage areas to meet their buyer’s growing demands.

“…less upkeep, less hassle”

With siding, windows and trim that never require painting, new homes are not only easy to maintain, they also keep their fresh attractive appearance year after year. Also worth noting, decks that embellish new homes these days are typically made of pressure treated lumber designed to resist rot and insects and retain their beauty from season to season.

“…more luxury and convenience”

come_home_image_6

Enter a new home and you’ll immediately notice amenities designed to add ease to your lifestyle. You’ll find state-of-the-art kitchens with beautiful and functional built-in appliances, high-efficiency central heating and air conditioning, numerous electrical outlets, plus luxurious bathrooms with large vanities, mirrors, medicine cabinets, enclosed showers and often whirlpool tubs. Look around. You’ll see that new home communities tend to look even better with age! As owners add personal decorative touches and landscaping, the homes in a new community acquire added charm… and added value.

“…a home that will age well and appreciate”

Research shows that in many cases new homes appreciate more, at a percentage of their original cost, than older homes.

“…new homes are better homes”

If you’re hunting for a new home that satisfies all of the items on your wish list, “new” is definitely the way to go. So why deprive yourself any longer? Once you’ve made your move to your new dream home, you’ll wonder how you survived so long without it.

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Lakepoint Village

Lakepoint Village

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Lakepoint Village

Affordable adult-lifestyle community

You get the whole package at Lakepoint Village in Orillia. If you’re an empty nester, are pre-retirement or are retired, and are looking for carefree, adult-lifestyle environment, Alliance Homes‘ highly successful community is perfect. With prices starting from only $227,900, those retirement savings will go a long way in making the rest of your life the best of your life.

A natural, rural setting paints a beautiful backdrop for this collection of bungalows on spacious 60-foot-wide lots. Choose from six modular designs that are thoughtfully laid out with both open-concept and private spaces. Plus, Alliance is open to making modifications when possible. All homes come with an attached garage and a covered front porch (as per plan). The architecture is clean and contemporary, with large windows. Some designs feature trimmed peaked gables.

PROTECTING YOUR INVESTMENT

The community is designed for like-minded people who will make Lakepoint Village their home, so renting out residences is not an option. Rules and regulations are in place to protect your privacy, enjoyment and investment. The future clubhouse will be the hub of social activities, and will be a handy venue that homeowners can rent for family reunions or other celebratory events.

As a land lease community, homeowners are protected under the Landlord Tenant Act. Your total monthly fees cannot exceed that year’s maximum increase allowed. You will always be notified well in advance of any increases, along with an explanation.

Sizes range from 1,024 to 1,428 square feet. Your total monthly payment includes the lot lease, land and house tax, a reserve fund, water, sewage, driveway snow removal, garbage collection and the use of the club house, as well as road and communal property upkeep and maintenance. Heat and hydro are extra. It would be difficult to find an equivalent home in the Greater Toronto Area for that price.

ADDED VALUE

Alliance Homes focuses on building solid homes in excellent locations that have lasting appeal and attractive prices. The company has completed highly successful communities across the Greater Toronto Area and beyond, and has earned a reputation for providing superior quality and timeless designs.

The icing on the cake at Lakepoint Village is the location. The community is situated only minutes away to a wealth of amenities, medical services, major highways and fabulous year-round recreational facilities.

CONTACT INFORMATION

The Sales Office/Model Home is located on Concession Road 10 in Ramara.

705.323.9768

lakepointvillage.ca


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Streetsville Centre

Streetsville Centre

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Streetsville Centre

It’s All About the Location

Location, location, location is still the real estate mantra when buying, but these days that desired location could actually be somewhere quite different. For the modern down-sizer, a good location is anywhere that offers a better quality of life, so that more time can be spent doing the things that they want to do.

In the northwest corner of Mississauga is the quaint, historic community of Streetsville. It’s here that Dunpar Homes introduced Streetsville Centre – a new development right in the middle of it, at 80 Thomas Street.

This 200-unit enclave of luxury custom towns and semis is within walking distance to everything you could possibly need, and only a quick, 30-second jaunt to the GO Station across the road. A two-minute stroll puts you on the main street, where you’ll find charming shops and restaurants. Another five minutes and you’re at Streetsville Memorial Park, with its soccer field, baseball diamond, community centre, outdoor pool, hiking trail and 100-seat picnic grounds. Highways 401, 403 and the QEW are close by, and Toronto Pearson International Airport is a 10-minute drive.

When Jane Jacobs penned her now famous The Rise and Fall of American Cities, she noted how urban renewal usually led to the loss of neighbourhoods and an elimination of local experiences. As a result, Jacobs lobbied to save old buildings – those familiar landmarks that create a sense of place.

The sleepy village of Streetsville escaped the demolition policies of the 70s and 80s, leaving many of the old buildings intact. The relatively small population keeps the town centre accessible.

Dunpar Homes follows similar planning principles and looks for desirable infill properties that are close to existing amenities, like services, retail and transportation routes. Such locations are coveted for their organic growth, while creating that solid sense of place that Jacobs found to be so important.

Originally founded in 1818 on a 648,000-acre tract of land (the last on the Credit River), Streetsville was named after a Niagara surveyor – Timothy Street. In exchange for his services he was granted 1,000 acres on the fast flowing river, where he built his own home in 1825.

Off the beaten track, Streetsville’s architecture and cultural diversity grew at a slow pace over two centuries. Jacobs believed that adding a few buildings every year created a healthy urban fabric, with structures of all ages, and styles, represented.

The spacious homes at Streetsville Centre range in size from 1,500 to 2,600 square feet, with roof-top decks and balconies off the kitchen. Prices start in the mid $800,000s for three-bedroom designs that have well-proportioned principal rooms and two-car garages. Interior features include, granite countertops in the kitchen and bathrooms, an under-mount kitchen sink and a frameless glass ensuite shower, as well as smooth ceilings and stainless appliances.

CONTACT INFORMATION

The Information Centre is located at 80 Thomas Street in Mississauga.

416.236.9800

dunparhomes.com


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