The GTA housing market continues to defy gravity, with prices going up and no sign of them coming down. Housing affordability has long been a challenge in this red-hot market, and the effect of the pandemic plus the rising cost of living have only made the issue more pronounced.

For new-home builders, the cost of materials is also at an all-time high. However, these won’t stop Flato from developing ways to assist its customers in buying a new home, with greater affordability and flexible payment plans.

While today’s market might be accessible to those who already have built up equity in an existing home, saving for a down payment is a difficult task for first-time buyers. It’s a concern at Flato Developments, which is why the company has come up with an innovative first-time homebuyer’s program at its Edgewood Greens community in Dundalk to specifically address this issue.

Homebuyer incentives

The overall framework of the first-time homebuyer’s incentive involves you needing to invest less money upfront and making gradual, bite-sized payments up till the time of possession, to keep that hard-earned money in your savings account longer. Flato will also be offering cash back at multiple junctures in the process, providing buyers extra cash infusions that can be used toward some of your future down payments.

The bottom line is that Flato wants to see happy and comfortable homebuyers living easily in its master-planned Edgewood Greens community. Located just a short drive north of Brampton, the Village of Dundalk is a quaint and quiet community filled with worlds of possibility. It’s a place that brings back that family-friendly vibe experienced generations ago, when children could ride their bikes to a friend’s house and knock on the front door for them to come out and play; and where neighbours greet one another by their first names and stop for a chat because you can always make time for a good friend.

At Edgewood Greens, families are treated to big homes on larger lots, so there’s always room to kick a ball around or throw a frisbee in the backyard. A unique hidden gem, here you can enjoy greater value for a smaller price – with spacious homes up to 4,000 sq. ft. Many first-time visitors to Dundalk are pleased to see how much the village has to offer. Groceries and hardware stores, charming cafes and restaurants, and the obligatory Tim Hortons are all within easy distance from Edgewood Greens. The village also boasts an energizing array of lifestyle amenities, including soccer fields and baseball diamonds, a community arena and swimming pool, lush parklands and forests, and walking and biking trails.

Distinguished history

Flato has a long and distinguished history of building within Dundalk, and has been instrumental in the village’s successful family-friendly atmosphere. In addition to Edgewood Greens, the company has introduced Carriage House, a master-planned community of townhomes and detached homes; and Edgewood Suites, an innovative adult lifestyle community. Conveniently close to Edgewood Greens, Flato is also developing Edgewood Plaza, which will further support Dundalk’s retail tapestry.

Proof that Flato is deeply invested in the communities in which it builds, the company recently donated $1 million to Dundalk to build the South East Grey Community Health Centre, a state-of-the-art interdisciplinary health clinic that will provide primary care, mental health, social and home care services to residents of Grey and Bruce Counties.

Complete communities

“Building communities is more than just building homes,” says Shakir Rehmatullah, president and founder of Flato Developments. “We see this (donation) as an extension of building complete communities and are proud to help found the new health clinic that will deliver expanded services to the residents of Dundalk and nearby communities.”

To learn more about the first-time homebuyer incentive in Edgewood Greens, contact Christine Brayford (christineb@ronanrealty.com, 705.435.8698), or Sabina Morell (sabina@therealedge.com, 416.433.2141) to book an appointment at the sales office in Beeton.