MASONRY AFFORDABLE FAMILY-ORIENTED COMMUNITY CLOSE TO ALL AMENITIES IDEALLY POSITIONED FOR COMMUTING
MASONRY Affordable Living Within a Mobility Hub STACKED TOWNS Starting from mid $200,000 s BACK TO BACK TOWNS Starting from $300,000 FREEHOLD TOWNS Starting from $400,000 N Wat e rdown Rd Burlington Christian Academy Highway 403 IKEA Burlington QEW Burlington Public Library - Aldershot Fairview St Mapleview Shopping Centre Maple Ave Lakeshore Rd Aldershot GO Station Plains Rd E King Rd Burlington Golf & Country Club Lake Ontario Burlington Sailing & Boating Club Burlington, just like many other municipalities, is facing a rapid decline in developable land. As the city works to align itself with Ontario s Growth Plan, they have targeted the land in and around Masonry Street for hyper-intensification. In fact the City of Burlington has a plan to create a mobility hub in and around each of its train stations, including the Aldershot Go Station. According to RealNet Canada Inc., there is only one future low-rise development coming soon (2014 & 2015 launch) to Burlington. Currently there are only three active low-rise developments and only one is offering townhouses (as of May 2014). There have only been six low-density land sales in Burlington over $1 million dollars over the past five years, and only two of them were larger than the Masonry site, which is approximately 13 acres.
Anatomy of Masonry is a low-rise development in Burlington with all zoning approvals in place. ADI Development Group will bring its fresh, urban design approach to this project, which will appeal to young families looking for stylish and affordable housing that offers a variety of options and routes for commuting to work. WHAT S TO LOVE ABOUT BURLINGTON In its best places to live study, Money Sense magazine ranked Burlington the #1 place to live in Canada among mid-sized Cities and number 5 overall saying: Burlington offers the convenience of being in close proximity to a major centre in this case, Toronto but has the bonus of offering a higher quality of life. MoneySense magazine
f the Deal WHY THIS DEVELOPMENT MAKES SENSE The shrinking supply of land in the GTA is putting upward pressure on home prices. In fact sales have fallen 63% since the year 2000, not because of lack of demand, but because of supply constraints. Burlington is no exception to the constraint in housing supply across the GTA. Every year there are significantly less new ground-oriented homes to buy in Burlington. The average price of a new single detached home in Burlington has doubled since 2010 The average selling price of a ground-oriented home (single-detached, semidetached and townhouse) in the GTA has doubled in the last 10 years In 2014 that selling price is $660,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 FIGURE 1 Annual New Ground-Oriented Home Sales Greater Toronto Area: 2000 to 2014f In Burlington the median home price is $725,000 5,000 0 29,951 30,824 38,397 30,775 27,176 24,213 21,517 21,216 12,245 18,369 16,454 17,460 17,543 13,824 11,740 2000 2002 2004 2006 2008 2010 2012 2014f Source: RealNet (Actual), Will Dunning Inc (Forecast) In Burlington the median home price is up 12% year over year DECLINING SUPPLY OF NEW GROUND-ORIENTED HOUSING IN BURLINGTON YEAR 2011 2012 2013 2014 DECLINE -20% -7% -40% -35%
WHAT S IN REACH Burlington Mall 10 mins Aldershot Park 5 mins Art Gallery of Burlington 9 mins Mapleview Shopping Centre 6 mins Grove Park 5 mins Theatre Aquarius 12 mins The Burlington Performing Arts Centre 9 mins COMMUTING FROM MASONRY The Masonry development is in close proximity to highways 407 and the QEW and literally next door to the GO train station, allowing quick and convenient travel to neighbouring cities. TRAVEL FROM MASONRY BY AUTOMOBILE OR GO TRANSIT: TORONTO OAKVILLE MISSISSAUGA HAMILTON 60 mins 19 mins 25 mins 13 mins 1 hour Union Station 25 mins Oakville GO (EVERY 30 MINS) 40 mins Port Credit GO Station (LIMITED) 15 mins McMaster U Bus Terminal (EVERY 30 MINS) Travel times are approximate BURLINGTON IS A GROWING CITY From 1996 to 2006 Burlington s population grew by more than 16% 1 The city of Burlington projects its population will increase by 17,500 people by 2021, to 192,500 2 1 Source: http://en.wikipedia.org/wiki/burlington,ontario#demographics 2 Source: Summary: A Social Profile of Burlington
REAL DEVELOPMENTS www.facebook.com/fortressrdi www.fortressrealdevelopments.com www.twitter.com/fortressrdi Issued September 25, 2014