The local community in Innisfil, which will be named Lakehaven, is anticipated to complete approximately 2,000 houses and be built out in 4 phases around 10 years. Around two-thirds of the households will be single-family members in the traditional ownership product and a single-third will be bungalow townhomes in the land-lease possession model. This local community is expected to charm to all demographics (age, income, family members dimensions, and so on.).
“At Mattamy we are deeply invested in carrying out our portion to handle housing choice and affordability and foster a sustainable housing marketplace for customers in Ontario,” suggests Brad Carr, CEO of Mattamy Properties Canada. “We feel in providing a variety of option and homes that attractiveness to each individual variety of home-owner who desires to have a home, some green place, are living in a community and construct fairness in their property. In Lakehaven they will have that enjoyable prospect of choice in a local community with various possibilities for possession. We are so energized to be entering a new industry for Mattamy and to be doing so with an awesome associate like Parkbridge.”
Land lease, as a model for household possession, is rapidly rising in Canada, however it is very well established in the US and Europe. “In a land-lease arrangement, the buyer owns the property outright and leases the land,” says Mark Gow, CEO of Parkbridge. “By eradicating the costly land portion from the ownership equation – a unique problem in central and southern Ontario – this product can increase affordability and supply an perfect housing choice for folks seeking to downsize, or for initial-time prospective buyers.”
The get started of gross sales for the group is expected in late 2022. The Lakehaven assets is positioned off Lockhart Street, just 9 minutes to the Barrie South GO Teach station and four minutes to Mapleview Park on the edge of Lake Simcoe.
About Mattamy Properties
Mattamy Houses is the greatest privately owned homebuilder in North The united states, with a lot more than 40 several years of operations heritage throughout the United States and Canada. Just about every 12 months, Mattamy aids 8,000 family members notice their aspiration of house ownership. In the United States, the organization is represented in 11 markets –Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (exactly where its US head business office is positioned), Tampa, Sarasota, Naples, Dallas and Southeast Florida – and in Canada, its communities extend across the Increased Toronto Space, as effectively as in Ottawa, Calgary and Edmonton. Take a look at www.mattamyhomes.com for more info.
About Parkbridge
Parkbridge is Canada’s leading planner, developer, and owner of more than 50 residential land lease communities and 30 leisure vacation resort communities throughout the state. Headquartered in Collingwood, Ontario, Parkbridge enriches the lives of Canadians by enabling families to invest in a residence, partners to downsize their dwelling, and vacationers to reside at exciting summertime RV resorts. Parkbridge manages and continually invests in the qualities it owns and operates, generating a romantic relationship with our shoppers and lively communities with high quality amenities. Take a look at www.parkbridge.com for a lot more information.
Resource Mattamy Houses Constrained
For more information and facts: Brent Carey, VP Communications, Mattamy Houses, [email protected] Dale Albers, Director, Company Communications, Parkbridge, [email protected]
