Canadian Press Releases
Minto Communities has broken ground on its Annex condo project located in Calgary’s northwest inner-city community of Kensington. The nine-storey building will sit on 9A St., just a block off trendy 10 St. with its cafes, boutiques, Safeway and CTrain line.
Palm Beach County's youngest city, known as Westlake, is now booming as a destination for families moving into hundreds of new homes. Since it became a city in 2016 it has grown, absorbing another 200 acres to become a 4,000-acre city. The land that was once 3,800 acres of orange groves in unincorporated Palm Beach County was purchased in 2013 by Minto Communities USA, which started creating the city from scratch.
Minto Communities Canada launched Era in April, its second multi-family development in Calgary, a 166-suite condo project with adjacent townhomes at 123 4th St. N.E. Prices start at $199,900.
The Rockhill complex of 1004 apartments, spread over six high-rise buildings on Côte-des-Neiges Road, was sold Tuesday for $268 million, or approximately $267,000 per unit, to Minto Apartment REIT and IG Investment Management Company that will share its ownership in equal parts (50% each).
Minto Apartment REIT’s growing portfolio and new leases drove earnings past the forecast it set for this past quarter before going public last summer. Total revenue from the company’s property portfolio was $22.1 million in the quarter, compared with a forecast of $20.4 million.
The Durham Region Home Builders’ Association (DRHBA) has announced the winners of its 2019 Awards of Excellence. Minto Communities Canada's Ivy Ridge community, located in Whitby, was recognized as Community of the Year. Minto Communities Canada was also honoured with the Excellence in Production Built Homes and Corporate Citizenship awards.
Minto Apartment REIT has seen the value of its equity outpace all but marijuana stocks since it began trading, last July, on the Toronto Stock Exchange. It’s been one of the biggest surprises of the capital region’s investment universe.
Minto Communities USA has opened sales for its next neighborhood, called the Meadows, due to the success of Westlake's inaugural neighborhood. The Meadows will offer 388 single-family home sites, most of them with water views. Minto Communities USA is selling one-story and two-story homes from its Cypress Collection on 50-foot lot sizes and is getting ready to introduce 65-foot lot sizes with homes from its Indigo Collection.
Minto Communities Canada returns to Kanata with the launch of not one but two projects: Morgan’s Creek in Kanata North and the re-opening of Arcadia across from the Canadian Tire Centre. Arcadia is an established community of family-friendly towns and singles in the heart of Kanata’s shopping and entertainment district, with 500 homes already built. Morgan’s Creek brings stacked towns and executive towns to Kanata’s high-tech corridor, perfect for first-timers, investors and those seeking maintenance-free living.
Minto Communities USA has unveiled its first fully furnished Sky Villa model at Artesia, an amenity-rich, resort-style community in Sunrise. The four-story Cambria model home showcases the collection’s bright modern interiors and elegant design. It is 3,089 square feet under air with 4 bedrooms, 3.5 baths and a 2-car garage, and complete with a sky loft and terrace offering panoramic views of the community and surrounding area.