Caledonia Avalon Empire Radio Interview

• published: 02 Oct 2015
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Why Caledonia: 1. Location: Caledonia is a small riverside community located about 45 Minutes from Mississauga near Hamilton; I have heard that there is an undertaking to double the size of the communities population from the current 10,000 residents to about 20,000 over the next few years. There is a need of about 3000 new homes and hence empire communities has offered to meet this demand. 2. GTA (Greater Toronto Area ) to the GHS (Golden Horse Shoe): Price and Congestion I come across a lot of people who want to move away from their homes in the GTA and use their equity to live mortgage free in the golden Horse Shoe. The Avg Detached Home in: Toronto: 1.15M GTA (Not Including Toronto): 750 K Aprox GHS: 350 K 3. First Time home Buyers not qualifying to by a home in the GTA My Mortgage agents tell me $500,000 is the magic number; most of the well to do 1st time home buyers would qualify for a mortgage for upto 500 K ; as you see the GTA prices avg well above 500 K; and the only affordable place for them to buy a detached property is the Golden Horse Shoe. 4. Avg Price/Rental Yield in Caledonia: As per my findings on the local board of Caledonia, the larger detached properties are listed for $500k and average is at $350k, the house leases are between $1500-$1600 per month which represents 4.5-5.5% yield per year. Why Avalon with Empires? Avalon combines small town charm with all the conveniences of an urban centre. Everything about Avalon is grand and magical. This exciting new 530-acre master-planned community will become home to 3000 new families and will include the following amenities: Grand Entrance Feature Unique Central Park School Park with Fitness Facilities Tennis Courts Basketball Courts Multi-Purpose Sports Field Distinct Trail Markers