Brochure - FFM Capital Inc.
Transcription
Brochure - FFM Capital Inc.
Dedicated to building progressive neighbourhoods and connected communities, Tercot puts quality first with a goal to design modern, innovative, and superior residences and structures that add lasting value to the community. Fortress seeks out high quality projects with top developers and established builders; the best names in Canadian construction that are expert builders with decades of experience. We research and track market trends to find valuable development opportunities in prime locations with strong metrics and absorption. Whether it’s commercial builds with global big box brands, a soaring tower in an urban center, quality homes in a scenic suburb or a community to serve our nation’s rapidly growing seniors market, you can always expect to find For tress in the best markets with prime opportunities. NOBLETON SOUTH THE MARKET New single-detached pricing has been strong in Nobleton, growing from $725,000 to nearly $1 million since 2010, with prices increasing by approximately 11% in 2014. Absorption of product has been brisk, with top GTA developers like Rosehaven, Aspen Ridge, and Tribute selling the majority of units brought to market over the past couple years. THE PROJECT Cityzen Developments and Tercot Group Limited are planning a new low-rise housing community in Nobleton, Ontario. The 27-acre property at 92 Diana Drive is north of King Vaughan Road and west of Highway 27. The current plan calls for 100 single-detached homes with an average size of 3,400 square feet (sf) on lots with frontages ranging from 36’ to 56’. This is the second low-rise development project coming to Nobleton by the two developers in partnership with Fortress Real Developments. THE OUTLOOK The low-rise market in York Region has been very strong and price appreciation in the Township of King has been extraordinary in recent years as many new sites have opened due to the additional allocation and infrastructure spending by the municipality. Twitter: @FortressRDI | www.FortressRealDevelopments.com | Facebook: FortressRDI NOBLETON SOUTH Tercot Group is a multi-disciplined real estate development company with over 30 years of residential, commercial and industrial experience in the GTA. NOBLETON SOUTH NOBLETON Cityzen Development Group is a leader in the real estate development industry in the GTA. With deep knowledge and experience in construction and development management, Cityzen has managed to develop some very prestigious projects. These landmarks include: L Tower, Pier 27 and London on the Esplanade in downtown Toronto, Aria Condominiums in North York, Absolute Condominiums in Mississauga, The Essence in Etobicoke, The Hemingway at Edwards Gardens, The Shores in Oakville and many more. Dedicated to building progressive neighbourhoods and connected communities, Tercot puts quality first with a goal to design modern, innovative, and superior residences and structures that add lasting value to the community. Fortress seeks out high quality projects with top developers and established builders; the best names in Canadian construction that are expert builders with decades of experience. We research and track market trends to find valuable development opportunities in prime locations with strong metrics and absorption. Whether it’s commercial builds with global big box brands, a soaring tower in an urban center, quality homes in a scenic suburb or a community to serve our nation’s rapidly growing seniors market, you can always expect to find For tress in the best markets with prime opportunities. NOBLETON SOUTH THE MARKET New single-detached pricing has been strong in Nobleton, growing from $725,000 to nearly $1 million since 2010, with prices increasing by approximately 11% in 2014. Absorption of product has been brisk, with top GTA developers like Rosehaven, Aspen Ridge, and Tribute selling the majority of units brought to market over the past couple years. THE PROJECT Cityzen Developments and Tercot Group Limited are planning a new low-rise housing community in Nobleton, Ontario. The 27-acre property at 92 Diana Drive is north of King Vaughan Road and west of Highway 27. The current plan calls for 100 single-detached homes with an average size of 3,400 square feet (sf) on lots with frontages ranging from 36’ to 56’. This is the second low-rise development project coming to Nobleton by the two developers in partnership with Fortress Real Developments. THE OUTLOOK The low-rise market in York Region has been very strong and price appreciation in the Township of King has been extraordinary in recent years as many new sites have opened due to the additional allocation and infrastructure spending by the municipality. Twitter: @FortressRDI | www.FortressRealDevelopments.com | Facebook: FortressRDI NOBLETON SOUTH Tercot Group is a multi-disciplined real estate development company with over 30 years of residential, commercial and industrial experience in the GTA. NOBLETON SOUTH NOBLETON Cityzen Development Group is a leader in the real estate development industry in the GTA. With deep knowledge and experience in construction and development management, Cityzen has managed to develop some very prestigious projects. These landmarks include: L Tower, Pier 27 and London on the Esplanade in downtown Toronto, Aria Condominiums in North York, Absolute Condominiums in Mississauga, The Essence in Etobicoke, The Hemingway at Edwards Gardens, The Shores in Oakville and many more. GETTING READY TO GROW Pricing of new single detached houses has been rising steadily for more than a decade. As the larger municipalities within York Region like Richmond Hill, Markham, Aurora and Newmarket continue to be built out and constrained by the Greenbelt, developers are seeking out opportunities in smaller municipalities like King, Whitchurch-Stoufville, East Gwillimbury and Georgina in York Region, in addition to areas like Caledon and Halton Hills. Average Price of Absorbed Single - Detached Houses Toronto CMA: 2000 to 2014 $900,000 Tercot is working with a landowners group that includes the developers that own the adjacent parcels to encourage the inclusion of these lands into the community plan. The lands are designated as “Towns and Villages” within the Provincial Growth Plan, Greenbelt Plan, and the Regional Official Plan, which allow for residential uses. The local municipality will utilize these planning policy documents to implement these land uses into their local official plan. Single-Detached New House Pricing $800,000 $700,000 The current official plan is being revised to reflect consistency with the community plan. This zoning and development work is expected to take 2-3 years, and will be followed by site servicing and then construction of homes. $600,000 $200,000 2000 2002 2004 2006 2008 Source: CMHC 2010 2012 $835,485 $756,537 $672,318 $658,063 $606,617 $582,123 $540,560 $300,000 $515,325 $418,938 $400,000 $466,230 $500,000 Provincial Growth Plan Greenbelt Plan York Region Official Plan King Township Official Plan Residential Uses Permitted Residential Uses Permitted Residential Uses Permitted Currently being updated to align with the provincial and regional plans 2014 INFRASTRUCTURE INVESTMENTS ARE SUPPORTING GROWTH King experienced an increase in activity over the last few years due to investments in new infrastructure. In 2010 there were 182 ground-oriented housing completions in King, the volume of completions rose 7% in 2011, a further 20% in 2012, 64% more in 2013. In 2014, completions declined to 335 as the largest new communities in the Township were nearly built-out. Unlike York Region overall, the majority of developers in King are concentrating on single-detached homes, with 80% of the completions over the past four years being fully detached houses. As of the end of December there were 13 different product lines being offered by five different developers in three projects. Units range from approximately 2,150 sf to 6,750 sf, offered from $640,000 to $1.8 million. The average product line is 2,950 sf to 4,950 sf for $925,000 to $1.2 million or $270 psf. Summary of Single-Detached Housing Offerings in Active Developments Nobleton | January 2015 Community Plan Boundary Existing Roads Nobleton Urban Area Boundary SCHEDULE 1 – LAND USE PLAN Oak Ridges Moraine Settlement Area and Amendment Boundary SUPPLY IS DOWN (Source: MMAH, February 2003) Agricultural Area Supply of new ground-oriented houses decreased in the early part of the decade, resulting in a major decline in new low-rise home sales. The lack of available product is expected to result in fewer ground-oriented sales in 2015. Annual New Ground - Oriented Home Sales Greater Toronto Area: 2000 to 2014, 2015f 40,000 35,000 30,000 25,000 17,460 17,543 13,824 17,745 12,600 16,454 18,369 12,245 21,216 21,517 24,213 27,176 30,775 2001 38,397 2000 2011 2012 2013 2014 2015f 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: RealNet (Actual), Will Dunning Inc (Forecast) Land Owners Group Nobleton South % Sold 2014 Sales Unsold Lot Frontage (feet) Unit Size Unit Price Avg PSF Min Min Max Min Max 4 50 2,664 3,507 $874,990 $974,990 Single-Detached Product in Active New Housing Communities Gates of Nobleton Tribute Communities Sep-13 36 32 89% King Country Estates King Country Estates 20 $299 CountryWide Homes Jan-10 29 29 100% 3 0 50 2,874 3,866 $803,990 $969,990 $274 Aspen Ridge Homes Jan-10 75 53 71% 17 22 50 2,261 4,573 $640,990 $1,220,990 $253 CountryWide Homes Jan-10 76 75 99% 9 1 56 2,165 4,042 $813,990 $1,002,990 $300 Aspen Ridge Homes Jan-10 99 94 95% 11 5 56 2,261 4,396 $655,990 $933,990 $258 Deferred Residential Gates of Nobleton Tribute Communities Sep-13 97 37 38% 33 60 60 3,020 4,673 $959,990 $1,134,990 $282 Highway Service Commercial Area King Country Estates CountryWide Homes Jan-10 92 84 91% 21 8 63 3,597 5,452 $883,990 $1,189,990 $257 Institutional King Country Estates Rosehaven Homes Jan-10 43 41 95% 0 2 63 2,371 5,259 $769,990 $1,799,900 $247 Natural Heritage King Country Estates Aspen Ridge Homes Jan-10 38 34 89% 5 4 63 3,073 4,545 $854,990 $1,029,990 $252 Park-Existing Nobleton Grand King Estates Fandor Homes Mar-11 31 28 90% 0 3 65 2,862 5,437 $978,990 $1,256,990 $264 Residential Gates of Nobleton Tribute Communities Sep-13 28 19 68% 6 9 70 2,950 5,414 $1,134,990 $1,339,990 $271 Rural Area Nobleton Grand King Estates Fandor Homes Mar-11 29 28 97% 2 1 75 3,500 6,203 $1,339,990 $1,595,990 $305 King Country Estates CountryWide Homes Jan-10 Park-Future 30,824 5,000 Total Total Units Sales* King Country Estates Medium Density Area 10,000 Opening Date King Country Estates Wetland 15,000 Developer Commercial Village Core 20,000 Project Business Area Park-Future 29,951 NOBLETON SOUTH PRICES ARE UP Total 27 25 93% 5 2 79 4,808 6,764 $1,289,990 $1,459,990 $246 700 579 83% 132 121 50 2,165 6,764 $640,990 $1,799,900 $269 Source: RealNet Canada Inc *Sales as of December 31, 2014 Approximately 83% of the 700 units have sold in these projects with 12 of the 13 product lines being 65% sold or greater. Approximately 132 homes sold in 2014 with 121 remaining units, so therefore there is less than one year’s supply in Nobleton. GETTING READY TO GROW Pricing of new single detached houses has been rising steadily for more than a decade. As the larger municipalities within York Region like Richmond Hill, Markham, Aurora and Newmarket continue to be built out and constrained by the Greenbelt, developers are seeking out opportunities in smaller municipalities like King, Whitchurch-Stoufville, East Gwillimbury and Georgina in York Region, in addition to areas like Caledon and Halton Hills. Average Price of Absorbed Single - Detached Houses Toronto CMA: 2000 to 2014 $900,000 Tercot is working with a landowners group that includes the developers that own the adjacent parcels to encourage the inclusion of these lands into the community plan. The lands are designated as “Towns and Villages” within the Provincial Growth Plan, Greenbelt Plan, and the Regional Official Plan, which allow for residential uses. The local municipality will utilize these planning policy documents to implement these land uses into their local official plan. Single-Detached New House Pricing $800,000 $700,000 The current official plan is being revised to reflect consistency with the community plan. This zoning and development work is expected to take 2-3 years, and will be followed by site servicing and then construction of homes. $600,000 $200,000 2000 2002 2004 2006 2008 Source: CMHC 2010 2012 $835,485 $756,537 $672,318 $658,063 $606,617 $582,123 $540,560 $300,000 $515,325 $418,938 $400,000 $466,230 $500,000 Provincial Growth Plan Greenbelt Plan York Region Official Plan King Township Official Plan Residential Uses Permitted Residential Uses Permitted Residential Uses Permitted Currently being updated to align with the provincial and regional plans 2014 INFRASTRUCTURE INVESTMENTS ARE SUPPORTING GROWTH King experienced an increase in activity over the last few years due to investments in new infrastructure. In 2010 there were 182 ground-oriented housing completions in King, the volume of completions rose 7% in 2011, a further 20% in 2012, 64% more in 2013. In 2014, completions declined to 335 as the largest new communities in the Township were nearly built-out. Unlike York Region overall, the majority of developers in King are concentrating on single-detached homes, with 80% of the completions over the past four years being fully detached houses. As of the end of December there were 13 different product lines being offered by five different developers in three projects. Units range from approximately 2,150 sf to 6,750 sf, offered from $640,000 to $1.8 million. The average product line is 2,950 sf to 4,950 sf for $925,000 to $1.2 million or $270 psf. Summary of Single-Detached Housing Offerings in Active Developments Nobleton | January 2015 Community Plan Boundary Existing Roads Nobleton Urban Area Boundary SCHEDULE 1 – LAND USE PLAN Oak Ridges Moraine Settlement Area and Amendment Boundary SUPPLY IS DOWN (Source: MMAH, February 2003) Agricultural Area Supply of new ground-oriented houses decreased in the early part of the decade, resulting in a major decline in new low-rise home sales. The lack of available product is expected to result in fewer ground-oriented sales in 2015. Annual New Ground - Oriented Home Sales Greater Toronto Area: 2000 to 2014, 2015f 40,000 35,000 30,000 25,000 17,460 17,543 13,824 17,745 12,600 16,454 18,369 12,245 21,216 21,517 24,213 27,176 30,775 2001 38,397 2000 2011 2012 2013 2014 2015f 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: RealNet (Actual), Will Dunning Inc (Forecast) Land Owners Group Nobleton South % Sold 2014 Sales Unsold Lot Frontage (feet) Unit Size Unit Price Avg PSF Min Min Max Min Max 4 50 2,664 3,507 $874,990 $974,990 Single-Detached Product in Active New Housing Communities Gates of Nobleton Tribute Communities Sep-13 36 32 89% King Country Estates King Country Estates 20 $299 CountryWide Homes Jan-10 29 29 100% 3 0 50 2,874 3,866 $803,990 $969,990 $274 Aspen Ridge Homes Jan-10 75 53 71% 17 22 50 2,261 4,573 $640,990 $1,220,990 $253 CountryWide Homes Jan-10 76 75 99% 9 1 56 2,165 4,042 $813,990 $1,002,990 $300 Aspen Ridge Homes Jan-10 99 94 95% 11 5 56 2,261 4,396 $655,990 $933,990 $258 Deferred Residential Gates of Nobleton Tribute Communities Sep-13 97 37 38% 33 60 60 3,020 4,673 $959,990 $1,134,990 $282 Highway Service Commercial Area King Country Estates CountryWide Homes Jan-10 92 84 91% 21 8 63 3,597 5,452 $883,990 $1,189,990 $257 Institutional King Country Estates Rosehaven Homes Jan-10 43 41 95% 0 2 63 2,371 5,259 $769,990 $1,799,900 $247 Natural Heritage King Country Estates Aspen Ridge Homes Jan-10 38 34 89% 5 4 63 3,073 4,545 $854,990 $1,029,990 $252 Park-Existing Nobleton Grand King Estates Fandor Homes Mar-11 31 28 90% 0 3 65 2,862 5,437 $978,990 $1,256,990 $264 Residential Gates of Nobleton Tribute Communities Sep-13 28 19 68% 6 9 70 2,950 5,414 $1,134,990 $1,339,990 $271 Rural Area Nobleton Grand King Estates Fandor Homes Mar-11 29 28 97% 2 1 75 3,500 6,203 $1,339,990 $1,595,990 $305 King Country Estates CountryWide Homes Jan-10 Park-Future 30,824 5,000 Total Total Units Sales* King Country Estates Medium Density Area 10,000 Opening Date King Country Estates Wetland 15,000 Developer Commercial Village Core 20,000 Project Business Area Park-Future 29,951 NOBLETON SOUTH PRICES ARE UP Total 27 25 93% 5 2 79 4,808 6,764 $1,289,990 $1,459,990 $246 700 579 83% 132 121 50 2,165 6,764 $640,990 $1,799,900 $269 Source: RealNet Canada Inc *Sales as of December 31, 2014 Approximately 83% of the 700 units have sold in these projects with 12 of the 13 product lines being 65% sold or greater. Approximately 132 homes sold in 2014 with 121 remaining units, so therefore there is less than one year’s supply in Nobleton. GETTING READY TO GROW Pricing of new single detached houses has been rising steadily for more than a decade. As the larger municipalities within York Region like Richmond Hill, Markham, Aurora and Newmarket continue to be built out and constrained by the Greenbelt, developers are seeking out opportunities in smaller municipalities like King, Whitchurch-Stoufville, East Gwillimbury and Georgina in York Region, in addition to areas like Caledon and Halton Hills. Average Price of Absorbed Single - Detached Houses Toronto CMA: 2000 to 2014 $900,000 Tercot is working with a landowners group that includes the developers that own the adjacent parcels to encourage the inclusion of these lands into the community plan. The lands are designated as “Towns and Villages” within the Provincial Growth Plan, Greenbelt Plan, and the Regional Official Plan, which allow for residential uses. The local municipality will utilize these planning policy documents to implement these land uses into their local official plan. Single-Detached New House Pricing $800,000 $700,000 The current official plan is being revised to reflect consistency with the community plan. This zoning and development work is expected to take 2-3 years, and will be followed by site servicing and then construction of homes. $600,000 $200,000 2000 2002 2004 2006 2008 Source: CMHC 2010 2012 $835,485 $756,537 $672,318 $658,063 $606,617 $582,123 $540,560 $300,000 $515,325 $418,938 $400,000 $466,230 $500,000 Provincial Growth Plan Greenbelt Plan York Region Official Plan King Township Official Plan Residential Uses Permitted Residential Uses Permitted Residential Uses Permitted Currently being updated to align with the provincial and regional plans 2014 INFRASTRUCTURE INVESTMENTS ARE SUPPORTING GROWTH King experienced an increase in activity over the last few years due to investments in new infrastructure. In 2010 there were 182 ground-oriented housing completions in King, the volume of completions rose 7% in 2011, a further 20% in 2012, 64% more in 2013. In 2014, completions declined to 335 as the largest new communities in the Township were nearly built-out. Unlike York Region overall, the majority of developers in King are concentrating on single-detached homes, with 80% of the completions over the past four years being fully detached houses. As of the end of December there were 13 different product lines being offered by five different developers in three projects. Units range from approximately 2,150 sf to 6,750 sf, offered from $640,000 to $1.8 million. The average product line is 2,950 sf to 4,950 sf for $925,000 to $1.2 million or $270 psf. Summary of Single-Detached Housing Offerings in Active Developments Nobleton | January 2015 Community Plan Boundary Existing Roads Nobleton Urban Area Boundary SCHEDULE 1 – LAND USE PLAN Oak Ridges Moraine Settlement Area and Amendment Boundary SUPPLY IS DOWN (Source: MMAH, February 2003) Agricultural Area Supply of new ground-oriented houses decreased in the early part of the decade, resulting in a major decline in new low-rise home sales. The lack of available product is expected to result in fewer ground-oriented sales in 2015. Annual New Ground - Oriented Home Sales Greater Toronto Area: 2000 to 2014, 2015f 40,000 35,000 30,000 25,000 17,460 17,543 13,824 17,745 12,600 16,454 18,369 12,245 21,216 21,517 24,213 27,176 30,775 2001 38,397 2000 2011 2012 2013 2014 2015f 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: RealNet (Actual), Will Dunning Inc (Forecast) Land Owners Group Nobleton South % Sold 2014 Sales Unsold Lot Frontage (feet) Unit Size Unit Price Avg PSF Min Min Max Min Max 4 50 2,664 3,507 $874,990 $974,990 Single-Detached Product in Active New Housing Communities Gates of Nobleton Tribute Communities Sep-13 36 32 89% King Country Estates King Country Estates 20 $299 CountryWide Homes Jan-10 29 29 100% 3 0 50 2,874 3,866 $803,990 $969,990 $274 Aspen Ridge Homes Jan-10 75 53 71% 17 22 50 2,261 4,573 $640,990 $1,220,990 $253 CountryWide Homes Jan-10 76 75 99% 9 1 56 2,165 4,042 $813,990 $1,002,990 $300 Aspen Ridge Homes Jan-10 99 94 95% 11 5 56 2,261 4,396 $655,990 $933,990 $258 Deferred Residential Gates of Nobleton Tribute Communities Sep-13 97 37 38% 33 60 60 3,020 4,673 $959,990 $1,134,990 $282 Highway Service Commercial Area King Country Estates CountryWide Homes Jan-10 92 84 91% 21 8 63 3,597 5,452 $883,990 $1,189,990 $257 Institutional King Country Estates Rosehaven Homes Jan-10 43 41 95% 0 2 63 2,371 5,259 $769,990 $1,799,900 $247 Natural Heritage King Country Estates Aspen Ridge Homes Jan-10 38 34 89% 5 4 63 3,073 4,545 $854,990 $1,029,990 $252 Park-Existing Nobleton Grand King Estates Fandor Homes Mar-11 31 28 90% 0 3 65 2,862 5,437 $978,990 $1,256,990 $264 Residential Gates of Nobleton Tribute Communities Sep-13 28 19 68% 6 9 70 2,950 5,414 $1,134,990 $1,339,990 $271 Rural Area Nobleton Grand King Estates Fandor Homes Mar-11 29 28 97% 2 1 75 3,500 6,203 $1,339,990 $1,595,990 $305 King Country Estates CountryWide Homes Jan-10 Park-Future 30,824 5,000 Total Total Units Sales* King Country Estates Medium Density Area 10,000 Opening Date King Country Estates Wetland 15,000 Developer Commercial Village Core 20,000 Project Business Area Park-Future 29,951 NOBLETON SOUTH PRICES ARE UP Total 27 25 93% 5 2 79 4,808 6,764 $1,289,990 $1,459,990 $246 700 579 83% 132 121 50 2,165 6,764 $640,990 $1,799,900 $269 Source: RealNet Canada Inc *Sales as of December 31, 2014 Approximately 83% of the 700 units have sold in these projects with 12 of the 13 product lines being 65% sold or greater. Approximately 132 homes sold in 2014 with 121 remaining units, so therefore there is less than one year’s supply in Nobleton. Dedicated to building progressive neighbourhoods and connected communities, Tercot puts quality first with a goal to design modern, innovative, and superior residences and structures that add lasting value to the community. Fortress seeks out high quality projects with top developers and established builders; the best names in Canadian construction that are expert builders with decades of experience. We research and track market trends to find valuable development opportunities in prime locations with strong metrics and absorption. Whether it’s commercial builds with global big box brands, a soaring tower in an urban center, quality homes in a scenic suburb or a community to serve our nation’s rapidly growing seniors market, you can always expect to find For tress in the best markets with prime opportunities. NOBLETON SOUTH THE MARKET New single-detached pricing has been strong in Nobleton, growing from $725,000 to nearly $1 million since 2010, with prices increasing by approximately 11% in 2014. Absorption of product has been brisk, with top GTA developers like Rosehaven, Aspen Ridge, and Tribute selling the majority of units brought to market over the past couple years. THE PROJECT Cityzen Developments and Tercot Group Limited are planning a new low-rise housing community in Nobleton, Ontario. The 27-acre property at 92 Diana Drive is north of King Vaughan Road and west of Highway 27. The current plan calls for 100 single-detached homes with an average size of 3,400 square feet (sf) on lots with frontages ranging from 36’ to 56’. This is the second low-rise development project coming to Nobleton by the two developers in partnership with Fortress Real Developments. THE OUTLOOK The low-rise market in York Region has been very strong and price appreciation in the Township of King has been extraordinary in recent years as many new sites have opened due to the additional allocation and infrastructure spending by the municipality. Twitter: @FortressRDI | www.FortressRealDevelopments.com | Facebook: FortressRDI NOBLETON SOUTH Tercot Group is a multi-disciplined real estate development company with over 30 years of residential, commercial and industrial experience in the GTA. NOBLETON SOUTH NOBLETON Cityzen Development Group is a leader in the real estate development industry in the GTA. With deep knowledge and experience in construction and development management, Cityzen has managed to develop some very prestigious projects. These landmarks include: L Tower, Pier 27 and London on the Esplanade in downtown Toronto, Aria Condominiums in North York, Absolute Condominiums in Mississauga, The Essence in Etobicoke, The Hemingway at Edwards Gardens, The Shores in Oakville and many more.