Expert homebuying advice from Frank Spaziani, President, and Mariam Aboutaam, Director of Sales, Marketing and Interior Design, Kylemore
November 20, 2024
There’s been no shortage of reasons for pause for some would-be homebuyers: Uncertainty over housing supply, interest rates, inflation, politics and the economy in general. But the pendulum looks to be swinging back the other way.
To help you understand all the factors to make a better, more informed homebuying decision, our 2024 Builders' Annual sat down with some of the industry’s top builders and developers for expert advice.
What’s your outlook for the GTA housing market for 2025?
Frank Spaziani
The outlook for the GTA housing market in 2025 is promising. With inflation around the two-per-cent target and easing price pressures, the environment for buyers and builders is improving. We’ve experienced decent sales in the luxury market throughout 2024 and expect to continue gaining momentum. As the economy stabilizes, consumer confidence will rise, encouraging more homebuying. On the construction side, supply chain challenges have been resolved, trades are more available, and at Kylemore, we’ve adopted innovative methods to accelerate building timelines. Overall, we expect a positive year ahead for the housing market.
And for Kylemore? Any signature or milestone moments coming?
Spaziani
In mid-2024, we celebrated the start of home construction at Angus Glen South Village (AGSV) in Unionville, a key milestone for this master-planned community. We’re on track to deliver the first closings by the end of 2025.
To showcase the livability of our floorplans and exquisite features, we’re investing in new model homes. The first of these will open in fall and a second in 2025.
We’ve been designing townhomes for a new phase of AGSV, with plans to launch sales this fall. At the same time, we’re ensuring these homes meet the community’s established high standards. Looking ahead, we’re advancing plans for the AGSV neighbourhood retail and a significant community park.
Inflation is down and we’ve seen consecutive interest rate reductions. As activity picks up, what are some of the reasons buyers should consider Kylemore?
Mariam Aboutaam
At Kylemore, we are committed to building homes that offer lasting value through beautiful architecture, flexible layouts and superior finishes designed for comfort and wellness. As a premier luxury builder, we create thoughtfully designed communities for all types of families, from multi-generational households to young professionals and empty nesters. What sets us apart is our attention to detail, with high-end upgrades such as custom cabinetry, granite countertops, and top-tier appliances. We also prioritize comfort and durability with features such as advanced insulation and energy-efficient systems, ensuring long-term value. Kylemore homes are more than properties – they are lasting investments in quality and community.
What else about your company or communities would you like prospective buyers to know?
Aboutaam
Kylemore has been building award-winning communities in Markham since 1997, delivering thoughtfully designed homes for 27 years. Committed to the city’s growth and character, we aim to continue this legacy for decades. Our small, dedicated team embraces innovation and the latest building science while honoring our rich history. We are involved in every stage of the process, from personalized sales experiences to hands-on interior selections, ensuring purchasers feel confident and supported. Our construction and customer service programs meet the highest standards, reflecting our commitment to craftsmanship and care that guarantee lasting quality for every homeowner.
About Wayne Karl
Wayne Karl is an award-winning writer and editor with experience in real estate and business. Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. wayne.karl@nexthome.ca