Results point to strong demand and market fundamentals
TORONTO, Jan. 29, 2019 /CNW/ - In a clear sign that the fundamentals of the Toronto area real estate market remain strong, Mattamy Homes is reporting robust January sales results from the release of new lots in its Hawthorne South Village Sixteen Mile Creek community in Milton, Ontario.
The Creekside Collection sold out all 180 lots released for sale on January 19 (113 sales) and January 26 (67 sales). Over the two days, Mattamy hosted 500 families hoping to secure a townhome or detached home featuring the company's thoughtfully created designs in its most awarded community ever. Buyer lineups began forming days before the Saturday openings, and by the end of both days all available inventory had been sold out.
"While there is no doubt that the real estate market in the Greater Toronto Area has undergone change in the last 18 months, our sales results in Milton the past two weekends are telling a very positive story," says Brad Carr, CEO of Mattamy Homes Canada. "What we're seeing is that in the midst of this soft landing there is definitely still strong demand driven by solid market fundamentals. We are pleased to see so many buyers recognizing the long-term value of home ownership and investing in their families' future."
The products available at the Creekside Collection were a variety of townhome and detached designs: freehold Village Homes, two-story townhomes, and detached homes on 30', 34', 36' and 43' lots.
Mattamy is also looking forward to seeing continued strong results with upcoming sales launches in Brampton (Feb. 2) and Oakville, as well as more releases to come in Milton.
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 more than 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 www.mattamyhomes.com for more information.
SOURCE Mattamy Homes Limited
For further information: Brent Carey, VP Communications, Mattamy Homes Limited, Brent.Carey@mattamycorp.com