The comments came in the wake of the completion of RGF Real Estate Fund’s purchase of the 290-acre parcel in Humber River. Roughly one-third of the prime real estate will be developed into housing space.
“Low-rise housing inventory is down 65% year over year in the GTA. With this shortage and an 8% population increase in Woodbridge alone in the last five years, this rare land opportunity can help fulfill the growing need for desirable housing in Ontario,” RGF president John A. D’Angelo said.
“Future residents can look forward to life in the thriving community of Woodbridge, with excellent schools, business and employment opportunities; exceptional shopping, restaurants and entertainment; and easy access to the great outdoors in parks and conservation areas,” RGF stated.
No development timetable has been supplied at the moment..
Sales fall, listings up in Toronto
Ontario’s budget and housing
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Clubhouse Developments Inc. has announced its intention to turn part of The Country Club Golf Course in Woodbridge into a residential area “with a blend of family homes and a significant amount of green space accessible to the community.”