Five hundred families visited a Milton development by Mattamy Homes in two days this month.
Buyer line-ups began forming days before the Saturday openings, and by the end of both days all 180 available lots had been sold out.
The builder says that the fast sale of its Hawthorne South Village Sixteen Mile Creek community shows that the Toronto housing market continues to have strong fundamentals.
"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."
Image credit: CNW Group/Mattamy Homes Limited
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.
“We are pleased to see so many buyers recognizing the long-term value of home ownership and investing in their families' future," added Carr.
More market update: