The ever-growing population in the Greater Toronto Area (GTA) and the resulting demand for a limited supply of housing has been a persistent challenge in recent years. As the region grows it’s getting harder to find affordable housing.
Master-planned communities (MPCs) are a potential solution to overcrowding and housing affordability. These are live-work-play communities that feature a wide array of amenities and a variety of housing options. They are intentionally designed to support growth while providing people with an excellent quality of life.
In Canada, MPCs were first seen in Ontario more than 40 years ago. Now, it is evident that they have become a more popular form of a planned community, and for a good reason.
Instead of gradually building infrastructure as the population grows, developers plan everything from the get-go and provide area amenities that meet residents’ needs during every stage of development.
MPCs are designed in such a way that they can support growth. Since it is built with future generations in mind, it comes with features that make the transition from a small community to a big city painless.
Through master-planning, essential services such as water, electricity and transportation are available for residents. Transportation is provided by building interchanges and highway systems in and around the development to conveniently commute anywhere in the city or reach a neighbouring MPC.
One way to guarantee that a master-planned community will succeed is to build it at the right location. It should be sizeable enough so that it does not get overcrowded once people start moving in. Finally, master-planned communities must be close to an established city because of the convenience it provides.
As an investor, there are many reasons why investing in master-planned communities would be a brilliant idea. Such reasons include:
Planning everything from the get-go allows developers to build mixed-use communities that feature a variety of housing options. The result is an environment where people can work and play while enjoying diverse amenities without leaving the area. Because it is built with future generations in mind, these features make things easier for residents looking for affordable living options with easy connectivity to other areas.
MPCs are planned communities built with the future in mind, ensuring that it has enough infrastructure to support growth without compromising residents’ quality of life. Because infrastructure is built into the development, they feature an extensive list of amenities, including open spaces, parks, and recreation. Landscaped pathways add to the natural beauty of these communities, making them ideal for walking and jogging. Those looking for a place to hold outdoor activities can enjoy amenities such as ball fields and sports courts.
A distinguishing feature of MPCs is their connectivity with other parts of the city. To support growth, they feature a variety of transportation options that include highways and interchanges and public transit links to other areas.
Some of the most popular master-planned communities being developed across Canada include Bayview Place in Toronto and Waterfront Communities in Calgary. With top-notch amenities such as cinemas, shopping malls and professional sporting facilities, these master-planned communities offer convenience for residents. To make things even better, there are wide ranges of housing options available on site so people can enjoy urban living while still having quality time for themselves at home.
In most cities across Canada, land costs are skyrocketing, making it difficult for developers to build affordable housing on a larger scale. To make up for this deficit, mixed-use communities were created.
MPCs offer residents the chance to work and play at the same place. Although more expensive than individual homes on large plots of land, these communities mitigate the costs of commuting from home to work and vice versa.
With a community infrastructure that features convenient amenities such as open spaces and parks within walking distance, less time is spent inside vehicles.
These communities are designed with the environment in mind, allowing residents to enjoy green spaces perfect for picnics or getting away from the daily grind. Furthermore, MPCs are equipped with amenities such as trails and playgrounds so that people can enjoy outdoor activities without having to travel far away.
Master-planned communities offer an ideal alternative for those who want to live and work in the same place. Because of this, MPCs make it easy for people to save money on their daily commute. These thriving communities also feature a wide range of amenities such as parks and open spaces, making them ideal for outdoor activities such as hiking or jogging.
With plans designed with future generations in mind, MPCs are built with sustainability in mind. This ensures that residents’ quality of life will not be affected by overcrowding and environmental factors down the road. For investors looking for lucrative opportunities to invest in real estate, consider buying units within master-planned communities because they combine high-income potential and high return value-based.
As with any investment, it is important to consider the value of your initial outlay. MPCs offer good ROI because they have higher sales volumes than standalone homes in areas where land costs are skyrocketing. Furthermore, buying into these communities means enjoying a variety of amenities at home.
Master-planned communities offer a compelling alternative to living in standalone homes. They feature amenities such as parks and open spaces within walking distance of residential units. Less time is spent inside vehicles, reducing greenhouse gas emissions that would be released into the atmosphere if people travelled farther away from home or worked on foot.
MPCs also make it easy for people to save money on their daily commute. By providing residents with proximity to both workplaces and recreational facilities, no matter what activity you’re looking for – food shopping, jogging or hiking – there is an option close by without having to go too far out your front door. All of these reasons make it a compelling investment opportunity for those who want to live and work in the same place without sacrificing their quality of life.
