Mattamy recently launched its latest master-planned community, strategically located in Milton. This new development, The Laurels, comprises four buildings, each standing 14 storeys tall, with a total of 216 residential units. The anticipated occupancy date for The Laurels is set for 2027.
Various housing options are available, as the development includes different unit types, including one-bedroom units, one-bedroom plus den units, two-bedroom units, and two-bedroom plus den units. The sizes of these units range from 507 to 785 square feet, accommodating various lifestyles and preferences. Prices for these units start from the low $500,000s, with an average price per square foot at around $1,000.
Convenient, Popular Milton Location
Milton is one of the fastest-growing municipalities in Canada, with a projected population increase of 60% by 2031. This rapid growth is reflected in the local real estate market, where prices have appreciated by 47% over the past five years. Additionally, rental prices for one- and two-bedroom units have seen an impressive rise of 30% to 36% during the same period. The Halton region, where Milton is located, boasts a low vacancy rate of 0.2%, further underscoring the demand for housing in this area.
Future Outlook
Growth in the area is expected, particularly with the new Milton Education Village (MEV) project. This initiative aims to create a dynamic urban district designed to accommodate a population of at least 22,000 residents and generate jobs for nearly 2,900 individuals by 2051. The MEV will feature a mixed-use community with a focus on education and innovation, including a post-secondary campus capable of housing 3,000 students and 460 faculty/staff jobs by 2031. Ultimately, this campus is expected to expand to accommodate 15,000 students and 2,300 jobs, fostering a hub of learning and opportunity in the region.
The Milton Education Village will integrate cutting-edge academic institutions with outdoor recreational spaces and views of the Niagara Escarpment. A fully integrated transportation system will enhance connectivity between people, businesses, education, healthcare, and recreational opportunities, making the MEV a centre for innovative solutions and community engagement.
Master-planned communities like The Laurels tend to yield higher returns on investment, compared to standalone condominiums.
Deposits
Investing in The Laurels presents a unique opportunity for real estate investors. A 10% deposit is required to secure a unit. $5,000 due upon signing, followed by increments of 5% within 30 days, 2.5% at 120 days, and 2.5% at 240 days. Early investors can benefit from significant savings through incentives such as free parking, free assignment, and capped development levies.
About the Developer
As North America’s largest privately-owned homebuilder, Mattamy Homes has a reputation for delivering high-quality homes across the continent. With over 45 years of experience, the company has successfully closed approximately 9,000 homes by 2030. Recently, Mattamy has launched nine buildings for sale in the Greater Toronto Area, all currently under construction or approved for development. In Milton alone, over 2,600 new units are in the pipeline.
Ryan Coyle is a distinguished real estate investor and the founder of the https://www.connect.ca/. With over 20 years of real estate investment experience, Ryan has built a personal portfolio of over 40+ doors worth over $37 million and has facilitated the creation of over $2 billion in wealth for his clients. Buy your first home, and grow your portfolio and wealth with Toronto’s favourite real estate experts. Over 25 years of experience. Over 2475+ clients. Contact us today.
As part of its response to Canada’s ongoing housing challenges, the federal government has added another 12 new properties to the Canada Public Land Bank,...
As part of its response to Canada’s ongoing housing challenges, the federal government has added another 12 new properties to the Canada Public Land Bank,...
