Existing projects flourishing, new projects on the horizon for Remington Homes

With interest in the real estate market on the rise, Remington Homes tested the waters with a pre-spring launch of its first new project in recent years, Thornhill Trails – an exclusive enclave of luxuriously appointed freehold townhomes near Dufferin Street and Rutherford Road in Vaughan.

The response was positive as the first release of blocks quickly sold out. Priced from the low $1 millions with roughly 2,000 square feet of living space, double-car garages and large terraces on two levels, the project hit the mark with those looking to downsize or seeking to enter the market in the much sought-after neighbourhood. Featuring a mix of established retail, parks and trails, an abundance of golf courses and some of the best schools in the area, not to mention easy access to highways and the Rutherford GO Station, Thornhill Trails’ amenities abound.

“The key to Remington Homes’ success has always been in thoughtful planning,” says Christina Butterfield, Director of Marketing and Communications for The Remington Group. “From product designs unique to each market, to the very locations in which we build, our intent is to develop communities where people truly want to live.”

The final two blocks of the 44-unit project, with south-facing homes that open onto a manicured park, are set to come to market later this spring.

The year 2019 marked Remington Homes’ 30th anniversary, but celebrations were tempered as the real estate market struggled to find its footing amid changing regulations and mortgage rules.

Despite the situation, The Preserve in Oakville remained a bright spot, with smaller product like townhomes and smaller single-family homes finding a market.

“We were fortunate that interest remained strong in North Oakville and that we had available product to meet the shifting demand,” says Butterfield.

The Preserve, in its fourth phase in popular North Oakville near Dundas Street West and Sixth Line, features a mix of townhomes and singles on 34-, 38-, 45- and 50-foot lots, all nestled amid lush woodlands. Like Thornhill Trails, The Preserve features easy access to highways and convenient retail, in addition to an extensive trail system and integrated greenspace. In response to demand, larger lots were released for sale last month, including a private court of 50-foot lots which back onto green space.

With low inventory across the GTA and no shortage of demand, The Preserve in Oakville and Remington’s Hello Georgetown development in nearby Halton Hills experienced a surge in sales activity.

Like The Preserve, Hello Georgetown offers a variety of product, including towns, semis and singles on 30-, 36- and 40-foot lots. The family-friendly community, conveniently located near Highways 401 and 407 just north of Mississauga, has come into its own, with charming homes on winding streets near an established town centre, close to major employers and nicely buffered by an expanse of working farms.

The market resurgence seemed to bode well for planned releases of two new Remington projects in the fall of 2020, Victory Green in Markham and The Bright Side at Mayfield Village in Brampton. Although, as the industry has come to expect, things can change.

“Naturally, we are watchful in light of the Covid-19 pandemic,” says Butterfield. “As with other homebuilders, we took necessary precautions to protect our family of employees and the public at large by closing our offices to the public.”

Remington Homes will continue to plan for a fall 2020 launch for both of these projects.

The Bright Side features a mix of family-friendly townhomes and singles that will integrate nicely into this newly established residential neighbourhood.

In Markham, interest is strong for Victory Green, a joint project with Fulton Homes, which features towns and singles at 14th Avenue and Middlefield Road. Working with the City of Markham, the entire development was designed to incorporate a number of environmental measures, with the goal of building the region’s most sustainable community.