Daily Newsletter

25 September 2023

Daily Newsletter

25 September 2023

Mattamy Homes breaks ground on new development in Oakville

A range of retail and dining options are set to be included as part of the development.

September 22 2023

North America-based developer Mattamy Homes has celebrated the ground-breaking of the Carding House development in Oakville, Canada.

Carding House is a five-storey mid-rise project that will feature boutique condominiums and large townhouses.

Located in The Preserve community area, the property includes 157 units comprising several amenities.

Parks, walking paths, schools, and a range of retail and dining options are some of these aforementioned features.

Mattamy senior vice-president for Development Shane Cooney said: “Carding House represents an exciting chapter in Oakville’s growth story.

“Our aim is to provide the Oakville community with the perfect blend of modern comfort and the timeless charm this city is known for. It’s an honour to break ground on this project and contribute to Oakville’s bright future.”

The project will have an indoor and outdoor lounge and offer convenient access to the Oakville GO transit station, as well as motorways 403, 407, and Queen Elizabeth Way.

Along with this development, Mattamy announced the launch of a new mid-rise community, BLVD Q on the Queensway, Toronto.

Located in the district Etobicoke, BLVD Q is an 11-storey mixed-use residential complex.

Mattamy Homes Canada CEO Brad Carr said: “Today, we are thrilled to introduce BLVD Q on the Queensway in Etobicoke and break ground on Carding House in Oakville. These projects exemplify our dedication to creating not just buildings but responsible and lasting neighbourhood enhancements.”

South-East Asia Construction Market Dynamics

Per GlobalData analysis, the South-East Asia construction industry in 2023 is dominated by Indonesia, though the country will see a slowdown compared to 2022 due to elevated building material prices, weak commercial property demand, high interest rates and a softening of external demand. The construction industry in the Philippines is estimated to register a AAGR of 7.2% between 2024 and 2027, supported by the government’s focus on the development of the country’s rail and road transport and energy infrastructure.

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