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Bradford Bond Head

- by Sunrise Homes

Sunrise Homes and Fortress Real Developments have partnered on a 119 unit single-detached housing development located in the Bond Head community within the Town of Bradford West Gwillimbury. The proposed subdivision is situated on the east side of Simcoe County Road 27, south of Simcoe Country Road 88, about five minutes from Highway 400. The single-family residences will be built on lots with approximately 40’ of frontage, and the houses envisioned will average approximately 2,900 sf. The currently proposed budget calls for the homes to be offered at $700,000 on average.

 

The Bradford West Gwillimbury market was one of the hottest municipalities for ground oriented new home sales in 2015, and has limited future supply on the immediate horizon. Prices for singles and semis in the combined towns jumped 25% over the 2015 annual total in February (2016), representative of the strong sales made last year.

 

With supply of new low-rise homes down to lows not seen since the 1990s, any municipality with any supply will see a rush of activity. The subject sites’ $700,000 average price may seem high in a historical perspective, but in comparison to prices being achieved in areas of Woodbridge, Maple and Thornhill, this price is very affordable and attractive for young buyers. Several new home communities sold over 60 homes in 2015, with the fastest developments selling over 150 homes. Over 600 new home buyers felt the area was appropriate for their families last year (2015).

Demand in the municipality is sky high, as new low-rise home sales increased 35% in West Gwillimbury in 2015, and the average price of a new single-detached house in the area in Q1-2016 increased 24% over the first quarter of 2015.

Ben Myers, SVP Market Research & Analytics, Fortress Real Developments

Project Developer

The owners of Sunrise Homes have been in the real estate and new home construction business for over 12 years and have a combined experience of over 20 years of land development, infill sites and residential subdivisions. Sunrise’s main focus is developing and constructing value projects across the GTA. With their combined efforts, the principles of Sunrise Homes prefer to focus on building smaller projects in which they can focus on that attention to detail and quality control every home owner wants.

 

Sunrise Homes is focused on making sure that quality and construction are the prime focus, providing their clients with prime locations to run their businesses. It is the attention to detail and quality service that stands above the competition and proves to be the choice Today, Tomorrow and Forever.