Teagan has covered Toronto, GTA, and Ontario cottage country real estate. Before coming to STOREYS as a staff writer, she was a freelance writer for Toronto Life and Cottage Life.
President and CEO of National Homes Jason Pantalone says their recent success indicates a positive turn for the market: "We haven't seen line-ups like this in years."Amid an unforgiving market and high home prices, a GTA developer recently reported a successful launch day in which they sold 70% of the pre-construction townhomes in one of their Burlington developments.
At the same time, Pantalone says National Homes was able to leverage its decades of experience developing and selling homes in the GTA to garner the sales number it did. "Over the 30 years, we’ve seen the down markets many times, and we had to utilize some of our old strategies in our toolbox to get through current times," he says.
The other major pull with this development is location. "We’re in an urban location. When people think Burlington they think suburbia right? But we're five minutes from the water and right near the GO station and a lot of amenities like restaurants, shopping centres, and retailers," says Pantalone. "So it's really more of an urban setting, and I think that’s what drew attention to the project.
Pantalone says the buyer demographics included a lot of of younger families and down-sizers, due to the relative affordability of the units. “It was a good mix," he says. "We’re fortunate and we’re happy, so hopefully we can continue with the momentum."Average GTA Condo Prices Dropped By Over 23K Annually In Q3
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