Evertrust Developments Continues to Build Amidst Downturn of New Projects in Canada

Evertrust Developments is proud to be part of a winning team that continues to build new homes amidst a significant downturn of new projects in Canada.

The Canadian Home Builders’ Association said 64% of builders expect to have fewer starts this year than last, while investment in residential building construction, after adjusting for inflation, fell to its lowest level since June 2020.  As fewer developments go under construction and more people enter the country, the gap between supply and demand is getting increasing wider.

A slowdown in residential construction “is absolutely at odds with plans for the supply of housing to increase to keep step with immigration”, said Randall Bartlett, senior director of Canadian economics at Desjardins.

“When combined with the surge in demand as a result of immigration, this lackluster supply will put further upward pressure on (home) prices,” Bartlett said.

Evertrust’s Unique Development Model Sets Us Apart

Evertrust Development’s ability to expand successfully in the current real estate market  can be attributed to our extensive research and foresight to meet consumer desires and our focus on 5 pillars of success since our inception in 2013 which are expanded below:

1. Understanding it is Always About Location

Location is the most critical success component for any real estate development. Locations with sufficient social infrastructure,  good multi-nodal transport connectivity and future plans for proposed infrastructure upgrades in the area are integral to high demand real estate.

Under the guidance of our founder Dr. Ted Zhou, Evertrust has been a leader in finding locations that are not only in high demand, but completely overlooked by the competition to date.

Recent developments in Niagara Falls, Welland and now Bracebridge Ontario exemplify these types of locations. They also offer unmatched natural landscapes and because of their unique locations, affordable price points for exceptional homes.

Future projects in Bradford, Thorold, Innisfil, Timmins and even Toronto have also been meticulously studied to ensure they offer the highest quality locales for residents.

 

2. Accurate Market Assessment

In addition to assessing the location in terms of connectivity and social infrastructure, Evertrust has always studied the exact demand profile, the competition’s projects and the development pattern in and around locations before beginning a project. What works in one city/region may not work in another.

Our unique product that delivers “happy and healthy” lifestyle amenities built into our homes, separates us from the competition and aligns with consumer desires of all age brackets both now and into the future.

Our accurate market assessments have been supported by a great deal of data.  For example: according to John Burns Research & Consulting’s January 2023 Healthy Homes survey, the most important non-financial health and wellness factors for households earning $50,000 or more are mental wellbeing (60%).  Nearly all (95%) respondents said they now believe that a home impacts its occupants’ health, and close to three quarters (73%) will be considering health when choosing their next home.

3. Avoiding Replication

One of the worst mistakes a developer can commit is to merely replicate other projects that every one else offers. One particular project’s success does not necessarily equal success for similar projects which offer nothing new.

Within the Canadian market, our team analyzed correctly that data supporting customer’s desires to incorporate lifestyle elements into their homes was overlooked in upcoming real estate development.  We saw that there was an opportunity to create unique opportunities within geographic locations that looked beyond the GTA to meet client’s demand.

Below, one of our latest projects: Upper Vista Muskoka, where amenities abound for a happy, healthy and high end lifestyle.

Overview – Upper Vista Muskoka is a new residential community nestled away where the Muskoka River meets Lake Muskoka in the town of Bracebridge. Upper Vista Muskoka consists of four phases which include bungalows, 2 storey single-family detached homes, townhomes & condos. This new development will ultimately span 430 acres of beautiful cottage country real estate. These homes will offer spacious, open-concept layouts, plenty of private green space, and options for lofts and pools.

4. Ensuring Brand Consistency

Any real estate development must resonate with its potential buyers as per the company’s brand created over a period of time. There needs to be consistency for success.

Evertrust Development owns, develops and manages residential projects that represent our value and brand. With our mission to create true value at every opportunity, each development is built with state-of-the-art design, innovation and sustainability.

The techniques, engineering, design, materials and requisite market understanding for luxury housing are very different from those of mass housing as are the criteria for selecting locations.  With our laser focus on a specific type of real estate creation, we have been able to transcend the elements that make an Evertrust home one of the most desirable on the market and an excellent return on investment.

5. Transparency

A transparent business operation is at the heart of all we do at Evertrust and is the cornerstone of our successes.

Quality and dedication to working with top notch personnel ensures the highest quality and clarity in the entire development process for our customers.

Working closely with cities and municipalities and forging relationships is also key to our ability to communicate with transparency and add value to communities.

 

Investing in Real Estate Now

In conclusion, it is evident that the combination of low stock and ever-increasing demand means that Canadian housing will continue to be a hot commodity for decades to come.

Buying Canadian real estate is a wise investment and unlike the stock market, there is confidence this sought-after and essential product will increase in value over the coming decades. However, time is of the essence; as is selecting the right type of property. The low housing start statistics suggest that the market will only get hotter.

Evertrust is pleased to be part of a development model that continues to thrive now and has shown to be in demand for the future as home owners and investors alike seek out real estate that will not only provide shelter, but also a satisfying way of life and provide an excellent return on investment.

Our team welcomes any inquiries about our projects now or forthcoming.

LOOKING TO THE FUTURE

With the proven success of providing happy, healthy, high-end and affordable lifestyles to Canadians, Evertrust Developments is looking to the future with great anticipation as we expand to more markets that our customers desire to live in.

If you are interested in becoming a part of this transformative lifestyle living experience, we encourage you to contact us for more information HERE.

Upcoming projects include Muskoka,  Bradford, Thorold, Innisfil, Timmins and Toronto. We are also excited to introduce our latest release within central Alberta with new floor plan models starting at $299,900 for a freehold townhome in a master planned waterfront community.  More details to follow, website is here:  www.UpperVistaInnisfail.com

 

 

About Evertrust Development Groups Canada Inc.

At the forefront of innovation and luxury, Evertrust Developments, create communities that are “happy, healthy, high-end and affordable” with a unique lifestyle oriented approach to building.

Led by Founder and President Dr. Jiancheng Zhou (Ted), Evertrust Development Group is currently building communities in over 10 cities across two provinces with extensive, high-quality amenities, breathtaking views and customer centric values that deliver happy lifestyles in all of their projects.