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<a href="https://www.newinhomes.com/blog/housing-starts-in-the-gta-decrease-as-prices-hit-record-highs">This article is from Toronto Star's New In Homes.</a>Despite a dip in Canadian housing starts in July, new low-rise sales in the Greater Toronto Area (GTA) have been very strong, given the traditionally slow summer period, according to Trimart Research Corporation. The inventory of new low-rise homes has hit a record low, while prices have a reached a record high – the two factors are obviously connected. Due to low mortgage rates and attractive communities, homebuyers are flocking to new openings and releases, but due to a shortage of affordable, developable land, builders are having a hard time keeping up.Listed below are a few notable low-rise sites of the last month:Placing first on this week’s Trimart Hot Spots list is Kingmeadow, Minto’s highly successful Oshawa community that saw 33 sales last month. The community features townhomes ranging from 1,776 to 1,862 square feet, with prices starting at $372,990. The 36’ and 43’ detached homes are temporarily sold out, but there is a new release coming soon, so keep your eye out!With 29 sales last month, we have another Oshawa community topping the list: U.C. by Tribute Communities has had a great summer so far. The townhomes at U.C. range from 1,782 to 1,986 square feet with prices starting as low as $353,990. Oshawa isn’t one of the top selling cities for new low-rise homes, but it might be by the end of the year!Taking the third spot with 18 sales last month is Downsview Park by Mattamy Homes and Urbancorp. This popular Toronto community features stacked townhomes ranging from 555 to 1,093 square feet, with prices starting at $279,990. There are also rear lane townhomes, but they are sold out.Coming in fourth is Westfield, a Brampton community by Great Gulf Homes that had 11 sales last month. The community currently features 20’ townhomes, ranging from 1,599 to 1,860 square feet, with prices starting from $494,990. There are also collections of 24’ semis, and 34’ and 38’ detached homes ranging to over 3,000 square feet coming soon! As you’re probably aware, Brampton is the GTA’s top selling city for new low-rise homes, so we won’t be surprised if Great Gulf does very well with their new release.Snagging the final position on this week’s Hot Spots list is Reid’s Heritage Homes’ Westminster Highlands community in Fergus, which had 10 sales last month. Westminster Highlands features a wide variety of home types, including mid-rise condo units, bungalow townhomes, two-storey townhomes, and 38’, 42’, and 50’ detaches homes. And prices start very low at just $192,400! Reid’s Heritage Homes has also recently extended their current incentives until the end of August, so you should act now!All information courtesy Trimart Research&nbsp;Corporation.

Housing starts in the GTA decrease as prices hit record highs (Feature Image)

Brierfield

Acton

Beverley

Middleton

Heathfield

Eastwood

Newhaven

Andover

Dartmouth

PB34-2C

PB34-2D

Fleetwood

Ashford

Hastings

Mansfield

Dover

Coleshill

Glastonbury

Ashfield

Bristol

PB38-1C

PB38-1D

PB38-2C

Side Elevation

Side Elevation A

Side Elevation B

Queenwood

Sunningdale

Wentworth

Addington

Seacroft

Fairhaven

Newport

Prescot

Portland

Ramsey

Seaton

Somerton

PBTH4-E

Tiverton

Selby

Rochester

Thornbury

Stafford

Barton

Harling

PBRLT-1A

PBRLT-1B

PBRLT-1C

PBRLT-1D

PBRLT-1E

PBRLT-1F

PBRLT-2A

PBRLT-2B

PBRLT-2C

PBRLT-2D

PBRLT-2E

PBRLT-3A

PBRLT-3B

PBRLT-3C

PBRLT-3D

PBRLT-3E

PBRLT-3F

PBRLT-3G

PBRLT-3H

PBRLT-3J

PBRLT-3K

PBRLT-3K&3L

PBRLT-3P

PBRLT-4A

PBRLT-4B

PBRLT-4C&L

PBRLT-4C-4D

PBRLT-4E

PBRLT-4F&G

PBRLT-4H

PBRLT-4J

PBRLT-4K

PBRLT-4M

PBRLT-4N

PBRLT-5F (PDF Not Found)

PBRLT-5G

PBRLT-6A

PBRLT-6B

PBRLT-7A

PBRLT-7B

PBRLT-7D

PBRLT-7E

PBRLT-7G&T&U

PBRLT-7L&M

PBRLT-7N&P

PBRLT-7Q

PBRLT-7R&S

PBTH3-P1

PBTH3-P2

PBTH3-P3

PBTH4-P1 EL-F

PBTH4-P1 EL-G

PBTH4-P2 EL-F

PBTH4-P2 EL-G

Westfield

Elevation A

Elevation B

Enter a realm of modern luxury with The Sommerset. The Great Room, boasting a Gas Fireplace, seamlessly merges with the L-Shape Kitchen with Island and Breakfast Nook. Revel in the spaciousness of the Large open concept Dining and Living Space, complemented by a Den for versatility. Enjoy the convenience of Laundry and a Powder Room in the Foyer, alongside a 2 Car Garage for secure parking. Upstairs, the Primary Bedroom retreat awaits with an ensuite and large walk-in closets, accompanied by four additional bedrooms for ample living space. Customize your home with optional features like Cold Storage and Rough-in Plumbing for an additional bathroom, ensuring your haven reflects your unique lifestyle. Welcome to The Sommerset, where modern elegance meets unparalleled comfort.

The Sommerset

Floorplan Details

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The Sommerset

Floorplan Details

Interested? Let us know!

Interested?
Let us know!