GreyBrook logotype
Investor Login Contact Us

Serviced Lot Values in Hamilton Increased Dramatically Since Our Acquisition

日期:
November 16, 2017
分享:

When Greybrook originally invested in our Hamilton site with Castlepoint Development Group and Andrin Homes, serviced lot values in the area were a fraction of their current value. Serviced lots are construction-ready parcels of land that have been rezoned, have all key approvals in place (prior to starting house construction) and are serviced with access to roads and utilities. According to MCAP, one of Canada’s largest independent mortgage financing companies, serviced lot values in the fall of 2015 averaged between $5,500-$5,700 for townhomes,  $5,200-$5,400 for 30’-36’ lots, and $5,100-$5,300 for 40’ lots.

As Greybrook, together with its development partners, continues the land approval process, while the City of Hamilton is advancing the Elfrida Growth Area Study and the Secondary Plan for the area, ongoing supply constraints, combined with strong demand for all forms of housing, have resulted in significant escalations in land values. As of spring 2017, townhome lots in Hamilton were valued between $10,000-$10,500, with 30’-36’ and 40’ lots averaging $8,000-$9,000. This is a significant increase of 92-94% for townhome lots, 54-66% for 30’-36’ lots and 57-70% for 40’ lots.

As active asset managers, Greybrook regularly monitors land values throughout the development process as an indicator of the continued value creation on the property. We are pleased to report such a meaningful increase in lot prices for the region and will continue to share relevant analysis as it becomes available.

溯源

最新洞察力

Delos’ School Air-Quality Study Sheds Light on How to Protect Other Industries

Company News
November 30, 2021

The Well Living Lab, in collaboration with the Mayo Clinic and the University of Minnesota, performed a study to find out if adding portable air purification units would help to keep the air clean from viruses and other harmful airborne…

Greybrook Team Takes Part in Movember

Multi-media
November 29, 2021

Since inception, Movember has proudly welcomed more than five million supporters and has funded more than 1,250 innovative men’s health projects across 20 countries, raising awareness and donations for testicular cancer, prostate cancer, mental health and suicide prevention. With the…

Toronto Life Masterclass on Real Estate Investing Hosted by CEO Peter Politis

Insights
November 28, 2021

The Masterclass offered insights into the world of investing in real estate development, the current Toronto market, and the future of housing in the GTA. Listen to the full Masterclass below. The Masterclass discussed a variety of topics including what…

The House of Assembly Breaks Ground in Toronto’s Junction Triangle

Portfolio Updates
November 26, 2021

Peter Politis, CEO and Sarah Mansour, Executive Director of Strategy and Corporate Development at Greybrook Realty Partners joined our developer partners at Marlin Spring to celebrate this major project milestone and speak about the area’s exciting evolution. This transformation of…

Greybrook’s Christopher Kozub Honoured as 2021 Lexpert Rising Star: Leading Lawyer Under 40

Company News
November 25, 2021

This year, Greybrook is pleased to announce that Christopher Kozub, Greybrook Securities Inc., General Counsel has been recognized as a Leading Lawyer Under 40 as winner of Lexpert’s 2021 Rising Stars Award. Finalists from law firms, in-house legal departments, government,…

Watch Canadian Business and Toronto Life Insider’s Fireside Chat with CEO Peter Politis

Insights
October 27, 2021

Watch the full virtual Fireside Chat below. During the discussion, Peter recounts the unique position Toronto is in for real estate investment opportunities, giving the city plenty of room for long-term sustainable growth. Ranking as one of the most livable…

Watch the Waldorf Astoria Residences Miami Project Film

Multi-media
October 22, 2021

Watch the short film below. Designed unlike anything built before in Miami, this luxury residential and hospitality tower will include a stack of nine offset glass cubes, replicating a freestanding sculpture in the sky. The design is led by concept…

Construction Progresses at Symphony Towns in Oshawa

Portfolio Updates
October 18, 2021

With phase I foundations and framing complete, the construction team has been hard at work beginning the drywall and interior finishing work. Alongside developer partner, Marlin Spring, the townhome project will bring over 200 beautifully designed homes to the heart…

Society Atlanta Makes Waves with Latest Announcement

Portfolio Updates
October 15, 2021

The exciting news was picked up by the Atlanta Business Chronicle, Atlanta Agent Magazine and REBusiness Online. Society Atlanta is the latest addition to our growing nation platform in partnership with PMG. With plans set for Atlanta our expanding portfolio…

Groundbreaking Held for Artistry Project in Downtown Toronto

Portfolio Updates
September 30, 2021

  Peter Politis, CEO of Greybrook Realty Partners and Jared Berlin, Executive Director of Greybrook’s Asset Management group joined our developer partners at Tribute Communities to celebrate this major project milestone and official construction kick off. Located in Downtown Toronto,…

所有出版物

Join our newsletter and keep up to date with our news & insights

Contact us