GreyBrook logotype
Investor Login Contact Us

Serviced Lot Values in Hamilton Increased Dramatically Since Our Acquisition

November 16, 2017

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.

Latest Insights

The Regional Municipality of Durham – A Region on the Rise

November 30, 2022

Greybrook has been investing in the growing region since 2017 and is continuing to actively evaluate both low-rise and high-rise investment opportunities to meet the needs of Durham Region’s growing population. Click here to view Greybrook’s portfolio in Durham Region…

An Inside Look at The Elser Hotel & Residences Miami

November 29, 2022

On November 17th the Development Team celebrated the official launch with a ribbon-cutting ceremony that also marked the launch of the hotel component at The Elser alongside our partner, PMG, and industry leading hospitality management company, Highgate. The hotel welcomed…

Construction Progress Continues at 181 East in Toronto

November 28, 2022

With excavation now complete and the first of two cranes erected, the construction team is now pouring the ground floor on the western portion of the site and expects to have the underground garage fully formed up to grade in…

Greybrook CEO Peter Politis Featured Guest on the CashFlow Pro Podcast

November 21, 2022

Watch the episode below. In the episode titled “Real Estate Investing in Development”, Peter discusses Greybrook’s Society Living platform to an engaged audience of hands-on real estate investors. He shares the unique selling proposition of this national platform – affordable…

Velo Blu Pedal for Blu Genes Charity Ride Raises Over $430,000

November 15, 2022

Watch the 2022 Velo Blu Highlight Video What started as a personal mission to find a cure for a rare and fatal genetic disorder called Tay-Sachs disease soon became a larger vision of raising funds and awareness to advance gene…

Greybrook and PMG Secure $182M in Construction Financing for Society Atlanta Mixed-Use Project

November 4, 2022

Greybrook and PMG have secured $182 million in construction financing for Society Atlanta, a 460-unit mixed-use project located at 811 Peachtree St NE. A major U.S. life insurance company and Related Fund Management provided the loan with the transaction brokered…

Avenue and Park Receives Registration and Retail Officially Opens

Portfolio Updates
November 2, 2022

Over the summer months, we welcomed our first residents to their new homes in the 7-storey condo development and in late September, the ground retail space become fully operational with the Beer Store’s official opening. The newly open Beer Store…

Greybrook Hosts Annual Inside Track Event

Company News
October 31, 2022

Watch highlights from Inside Track 2022 The evening began with Sasha Cucuz, CEO, Greybrook Securities Inc. introducing our keynote speaker, CIBC’s Deputy Chief Economist, Benjamin Tal, who shared his expert insights on the Canadian economy and a look at the…

Greybrook CEO Sasha Cucuz Featured Guest on The Canadian Real Estate Investor Podcast

October 26, 2022

Listen to the episode below. The episode titled “Invest Without Owning Real Estate”, featured Sasha sharing his perspective on what factors all investors should be considering when investing in real estate development and how to best mitigate risk in this…

Society Wynwood Continues to Take Shape in Miami

October 24, 2022

As concrete pours continue for the full structure, our construction team has started framing individual units on the lower levels since September. Masonry, window installation, and mechanical, electrical, and plumbing have also begun on the lower levels and will continue…

All Publications

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

Contact us