RESIDENTIAL DEVELOPMENT

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The City of Toronto – ranking as one of the top 10 most livable cities on Earth, according to The Economist's Intelligence Unit's 2018 Global Liveability Report.

 

Being a top-tier world class city, the Greater Toronto Area (the “GTA”) is attractive to inflow of immigration.  Recent statistic is showing a net immigration into the GTA hitting a 15-year high and forecasted to have 400,000+ of net interprovincial and international migration into the GTA between 2018 and 2022.  With the strong population growth, the real estate Platform is set for positive outlook.

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Aside from strong population growth from immigration, a May 2018 report backed by the Ontario Real Estate Association estimated that there could be 700,000 millennial first-time home buyers targeting the GTA or Hamilton housing markets over the next decade.  With these strong housing demand drivers and while the supply side remains soft, the outlook of the Greater Toronto Area housing market remains positive in the near future.

 

Within one of the fast growing towns, Markham, a permitted development site is open for acquisition.  The planned site allows development of a 52 town homes community development.

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Initial Capital:                      CAD 12m

Homes planned:                 52 town homes

Net floor space:                  108,000 sqft

Estimated Revenue:            CAD 46,000,000   

 

 

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Information provided here is for reference only, all final data will be supplied by the owner

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