Everyone needs a place to live, but not everyone can afford to buy a home. Even though some can purchase property, many, particularly among millennials, prefer not to bind their investments long-term through homeownership.
This trend is directly reflected in the current rising home sale prices and escalating mortgage rates today, and is likely to keep demand for rentals high in the Greater Toronto Hamilton Area.
This makes many professional property management organizations, including CLV Group and InterRent REIT, forward thinking. As a well-respected property management company and REIT, the company manages rental communities that offer elevated but cost appropriate housing while meeting increasing market demand.
Stoney Creek Towers is an example.
Located in the Stoney Creek community of Hamilton, Ontario, Stoney Creek Towers is a sizeable property with four buildings comprised of studio, one, two, and three bedroom apartments. The property is situated on the point of Hamilton’s Stoney Creek Community, with a panoramic view of Lake Ontario.
The range of apartment sizes and amenities, including laundry facilities, in-ground outdoor swimming pools, 24-hour emergency services, secure entry, and on-site staff attract a diverse range of residents to the community. Singles, families of all ages and all life stages and pets foster a sense of community, which has been an important goal of the property from the beginning.
CLV Group also has been proud to support resident events to bring people together in a positive way, such as coffee and muffin mornings, resident barbecues, and resident contests.
In continuing with the company’s beliefs, CLV Group also supports the community working closely with the Boys and Girls Club of Hamilton among other charitable organizations.
Stoney Creek Towers’ location is an added factor reinforcing its position as an important pillar in the community. The development is in close proximity to the rest of the action in Hamilton and is well integrated within the community. The property is also a short walk to parks, shopping, and community centers, and minutes to major highways and bus routes for an easy commute to work and downtown.