Evertrust Developments Looks Forward to the Future in 2024
The entire team at Evertrust Developments is looking forward to a promising future in 2024 of bringing high quality homes to Canada that provide an excellent investment.
This has been a year where we continue to expand our brand into different markets and one of the most exciting stories of progress that continues to take shape is sold out Phase III of Upper Vista Muskoka located in Bracebridge, Ontario.
Upper Vista Muskoka: A Magnificent Project
Nestled away where the Muskoka River meets Lake Muskoka, this development will fuse cottage country living with modern living, meeting a high demand in the market for homes that create active and engaged lifestyles. For generations, Muskoka has been a highly sought after location for its glorious landscapes, proximity to water and easy access to modern conveniences.
Upper Vista Muskoka Progress
Our team last documented progress in August of last year, and now in January of 2024, the Onsite Construction Manager reports that progress is significant. The Phase III (14 semi-detached residences) of the project are now 75% completed.
Construction crews are hard at work with finalizing various tasks that include, siding the buildings, adding decks, electrical, plumbing, drywalling and pouring floors.
Below, the construction team works diligently amidst the snowy weather and cold temperatures to complete the tasks at hand at Gainsborough and Santa’s Village Road. These homes will offer spacious, open-concept layouts, plenty of green space, and a wonderful place to live.
This is going to be an incredible place to call home for residents soon. The properties, when completed, will feature luxury living for residents within one of the best locations in Northern Ontario.
Below, a view by a deck that will create a perfect space to enjoy the beautiful scenery in nature’s 4 season playground. Many residences also feature palatial terraces and floor-to-ceiling windows, linking the magnificent interiors to the exterior views.
A Unique Vision Finds Success In Changing Housing Climate
Evertrust Developments’ lifestyle focused real estate model continues to find success in a changing market. The past years have seen a shift in sentiment towards traditional housing models and with a unique wellness aspect built into our projects, along with our quest to find highly desirable yet untapped locations, our luxury homes, townhomes and condominiums infused with customer centric amenities continue to be in high demand with an excellent return on investment.
Good News as Economists See Turning Point In Housing Market
After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe the Canadian housing market could be in for a rebound in 2024 according to a recent article in the Globe and Mail.
That’s largely dependent on forecasts that the Bank of Canada could begin cutting its key interest rate from the current level of five per cent as early as the second quarter of this year, however TD Bank economist Rishi Sondhi also indicates more positive news in the article saying: ” We’re getting some indications that the market, at least from a demand perspective, is starting to turn around.”
Alberta Continues to See High Demand in Canada
While market shifts in real estate have mainly been an Ontario phenomenon as of late, home prices continue to hold firm or are continuing to climb in provinces such as Alberta.
This is wonderful news for our team and purchasers as our diligent research into up and coming markets made it clear that exceptional opportunities were in the area. To that, Evertrust announced this year our newest development in Innisfail Alberta called Upper Vista Innisfail was underway.
Encompassing 128 acres of land along beautiful Dodd’s Lake, high quality residences with resort style amenities will fuse high end living with the magnificence of natural surroundings. This master-planned community will harmoniously blend waterfront living with the thrill of outdoor adventures at an affordable price point.
The demand for housing in Alberta is outpacing supply, leading to a spike in investment properties. Innisfail, in particular, offers a great opportunity for investment due to its location and lifestyle.
Home sales activity is also seeing strong growth, up 15% year-over-year during the month of November 2023, meanwhile, the province experienced a decrease in overall housing inventory creating high demand according to data.
Adding to the desirability of the new development is its pristine location in close proximity to natural wonders such as the rugged mountains of Banff, Jasper’s sparkling glaciers, and Lake Louise.
The location is also minutes to the future High-Speed Hyperloop Train which connects Calgary to Edmonton in just 45 minutes.
For more information about this exciting opportunity visit our website here: https://www.myuppervistainnisfail.com/
Evertrust Receives Milestone Construction Permit to Complete Upper Vista Welland
Evertrust Developments is excited to announce to the public that the official Building Permit from the City of Welland was received on December 13, 2023 that puts a 3 phase action plan into high gear which includes: deconstruction, replacement and final construction of Upper Vista Welland.
On site Project Manager for Construction Management who is spearheading the development called this a “momentous breakthrough for the building’s progress that puts the project back on track and will produce the highest quality building for all purchasers.”
With this significant indicator of progress, Evertrust Developments looks forward to continuing their legacy of developing quality lifestyle living and becoming a valued part of the community of Welland, Ontario soon.
Conclusion
Evertrust Developments looks forward to the future in 2024. With the Upper Vista Muskoka Phase III nearing completion, our expansion into the highly desirable Alberta region and the significant milestones achieved towards the completion of Upper Vista Welland, we are excited to continue our legacy of creating high-quality and affordable homes that are designed to meet the needs of modern families and savvy investors.
