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Lindvest's diversified housing hedges against uncertain economy

Ontario developers' projects emphasize mix of housing types to meet needs of broad buyer base

Homes in Klein Estates, Lindvest's current project in Vaughan. (Courtesy Lindvest)

When you are developing as many homes as Toronto-based Lindvest, offering a diverse range of housing types tailored to individual markets is an essential element to success, says the company's director of housing operations Alessio Anile.

That is exactly what Lindvest is doing across its Southern Ontario developments, which range from single family dwellings to multi-tower projects.

Economic shifts such, interest rate fluctuations and rapidly changing political developments in Canada and the U.S. require Lindvest to adapt to diverse demographics and a housing marketplace that is very much in flux, Anile told RENX Homes.

“We’re really trying to ensure that all of our process and our timelines, the product that is representing Lindvest currently on the market, and more importantly the product to come as well, is a sign of that level of flexibility and diversity.”

Now selling four Ontario projects stretching from Newcastle to Brantford, Lindvest is offering three- and four-bedroom single-family, town and freehold homes, and is progressing on a master-planned community of three condo towers in Milton.

Lindvest's current corporate structure was created in 2013.

Formerly part of the H&R family of companies along with H&R Developments, those brands were combined under the Lindvest name. The firms have delivered thousands of housing units, Alberga said, in projects such as Aurora Glen, North Oakville and the B.Streets condo in Toronto.

Lindvest’s active projects

It remains one of the most active companies in Southern Ontario.

The third-and-final phase of Gracefields, dubbed Redux 3, is under way in Newcastle. Phase 3 consists of 88 lots ranging from 37 to 39 feet, with the smallest home being under 2,000 square feet and the largest over 2,700. Closings are to begin this spring. The previous two phases of Gracefields delivered 105 homes, for a total of 193 residences at full build-out.

Phase 2 of Lindvest’s South Cornell project in Markham is made up of 96 rear-lane townhomes and 60 stacked condos, Joseph Alberga, Lindvest’s director of sales and marketing, said. The first phased comprised 39 detached laneway homes.

The Phase 2 rear-lane townhomes in South Cornell will range from just under 1,900 square feet to over 2,600. Ground will break in March, with first closings expected in Q1 2026. A price list puts the Phase 2 homes in the $1.2 million range.

At Klein Estates in Vaughan, made up of townhomes and detached residences, Lindvest plans to construct 101 townhomes varying from 1,700 square feet to as much as over 3,000. Lindvest has already finished 288 detached homes in the community, with 94 left to be completed.

Construction on Phase 1 of West Brant Heights in Brantford is nearing completion, with 119 detached and street townhomes done and eight detached homes remaining, Anile said. Construction of 64 rear-lane townhomes is also underway. Plans for the rear-lane townhomes range in size from over 1,800 square feet to almost 2,600.

Plans for Phase 2 of West Brant Heights consist of 43 detached homes and 29 street towns.

Diversification also extends beyond just Lindvest's products and locations; Alberga said newcomers to Canada have been driving Lindvest’s sales.

How Lindvest aims to maintain its versatility

“Pricing and size are all indicative of the relevant markets that we’re in,” Anile said of Lindvest’s strategy. “The focus is always meeting our demands and demographics within each market, and those markets are very different across all of our projects.”

Increasing interest in green buildings, for example, led to Lindvest building its first net-zero-energy-ready home in Klein Estates.

Municipal demand for densification via highrise housing is an opportunity Lindvest is meeting with Connectt, its three-tower condo development in Milton, just west of Toronto.

“We’re equally comfortable in dealing with a highrise project as we would a lowrise community,” Alberga said.

The first 20-storey tower is completed and its 168 condos are occupied. The second tower, 25 storeys and containing 262 units, remains under construction with occupancy to begin in Q4. The final plan for the third tower has yet to be determined.

Lindvest has seven projects that are early in development — six in Ontario and one in Sarasota, Fla. Brantford, Markham, Kitchener, Nobleton, Toronto and Bond Head will be the sites for the projects in Ontario.

The Kitchener and Toronto projects are planned as condos, with the rest as single-family, townhome and semi-detached communities.

The developer is scheduling the launch of its Nobleton and Bond Head projects for the fall or end of 2025.

Nobleton is to be a community of 170 lots for detached homes. Bond Head is to consist of 389 lots, with Lindvest aiming for a variety of housing types including townhomes and single- and semi-detached homes with a mix of lot widths from 36 to 78 feet.

“Our goal is to have a product line-up that represents a lot of different, not only square footages and pricing levels, but a lot of different features and aspects of homes that appeal to a wide variety of respective homeowners,” Anile said of the Bond Head development.



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