Expert Panel
Frank Spaziani
PRESIDENT, KYLEMORE Governments of all levels are pulling out all the stops to facilitate more new housing. What more could any of them do to help the cause?
Government support has been tremendous in initiating the desired reduction in red tape. However, municipalities and regions must quickly adjust their processes to reduce approval times. Government needs to assist the homebuilding industry by supporting training and attracting labour from elsewhere; provide financial support for Ontario-based building material manufacturers; and invest in new technology aimed at creating more efficient building processes and reducing labour requirements. What is it about your company that you would like prospective buyers to understand as they go through the homebuying process?
Ensure you are making accurate comparisons when looking at your location, home style, size and included finishes.
Given the various characteristics of today’s housing market, what is your outlook for 2024?
We believe in the continued demand for new homes in the GTA. Today, demand outpaces supply, and we expect that may continue for many years, putting pressure on prices. There is still a shortage of skilled labour in our industry, which affects the time it takes to complete a new home. And we’re dealing with building material shortages. There is no quick fix to this issue. Central bank rate hikes have created uncertainty for homeowners. We believe that with inflation stabilizing, interest rate relief and added predictability in the future, these elements will bring comfort to buyers and will encourage new home sales. 58
Builders’ Annual 2023
What advice would you offer to buyers?
Ensure you are making accurate comparisons when looking at your location, home style, size and included finishes. It is especially important to review the building practices and materials used in construction, as well as items you can see, such as flooring material, cabinetry and countertops. As a builder of luxury homes, we include so many items that are either not offered or are considered upgrade options in other communities. We do this because we are committed to providing value, convenience, and a quality-built home with custom features including high ceilings and expansive windows, all in an architecturally controlled community.
Kylemore designs complete masterplanned communities with primary lifestyle amenities, including parks, shops and services. And we build luxury homes with a view toward long-term value. A Kylemore community offers a broad range of home styles providing options for residents to move up, move down, or when the time is right to enjoy a condominium lifestyle, all without ever having to leave the community where they have established their roots. We design our homes with modern living in mind. Incorporating innovative and functional elements that enhance residents’ comfort, while also reducing maintenance costs. Kylemore builds between 200 and 250 homes annually. This boutique approach means that we can offer a range of customization options, allowing our purchasers to personalize many aspects of their new home, including layouts with elevators or double primary suites, as well as finishes and features. kylemoreliving.com