Rebecca Condos: Hamilton's Newest & Brightest

Introducing REBECCA Condos: a 30-storey, 477 unit condo in the heart of Hamilton, set to occupy in 2030. Built by Rosehaven homes, everything about this project is intentional - the location, suite layouts, finishes, and building amenities. The project checks boxes for both end-users and investors making it truly a versatile project unlike no other. With suites from one bedroom all the way to two plus den, the building offers a wide range of functional layouts. Rosehaven Homes spared no expense by including a large promenade outside the entrance of the condo for the entire community to enjoy.

THE BUILDING

Interior Rendering by Rosehaven Homes

The building is set to have over 16,000SQFT of amenity space for residents to appreciate including retail space, yoga and spin studios, fitness centre, pet spa, and co-working space. Additional amenity space on the 6th floor will include an outdoor terrace and games room. Residents can also look forward to a library , private dining space, and lounge on the 13th floor. 

Standard suites all come with floor to ceiling windows, smooth 9’ and 10’ foot ceilings, built in appliances, wide plank flooring, built in vanities in all bathrooms. More notable standard finishes include soft-close mechanisms for all kitchen drawers, Porcelain tiles in primary bathrooms, and electrical outlets on all terraces and balconies. 

With regards floor-plans, we only pick the best of the best. Baytree Real Estate prioritizes functional layouts: dens that can be used as bedrooms, lots of natural light, and minimized unusable space. Our mindful choices help maximize the rental and resale value of your investment.

THE BUILDER

Rosehaven Homes has a been building communities across the GTA for just over 30 years. With 4 completed communities in Stoney Creek, 4 in Watertown, and 6 in Oakville - Rosehaven is a veteran when it comes to developing thoughtful living spaces in the Western parts of the GTA.

Their portfolio includes over 9,000 homes and many more in th

e pipeline. Co-founder Marco Guglietti drives the company’s projects forward with passion, even in challenging markets. Built with the highest standards, Rosehaven Homes is known for delivering high quality products to purchasers. They are currently still bringing product to market, their newest release being Phase 3 of Ivy Rouge in Oakville. 

Rosehaven homes has carefully selected In2ition Realty to bring this project to market. Together, the experienced pair is destined to deliver a top notch product for both homeowners and investors.

THE LOCATION

When investors look for prime locations, they look for: post-secondary institutions, public transit, and other large employers. REBECCA condos has all of them. With some of the most renowned medical facilities in North America, Hamilton employs well over 15,000 healthcare workers alone. This is even before you consider the +50,000 student population from McMaster University and Mohawk College. The employment and student population is strong in Hamilton, and the rental data shows it. The average rent in central Hamilton rose 38% over the past 10 years. As the city grows, we expect the trend to continue upwards. 

With a $3.4Billion dollar LRT line underway, the city is proactively making room for more residents. This substantial government investment is a indicator that Hamilton’s population growth is on the rise - for the long run. Some estimating an increase in population of 236,000 between now and 2051.

Between easy highway access, GO Transit, Hamilton street railway, the anticipated LRT line, getting to and from Hamilton couldn’t be easier. As the city of Toronto continues to become more expensive, cities like Hamilton will reap the benefits as people flock to find affordability - ironically driving up the price. As the city grows, it attracts small businesses - unique dining and recreational experiences.

Dollar for dollar, Hamilton’s growth has been outpacing Toronto - by almost 80%. The average pre-construction unit in Hamilton is selling for $737K compared to $1.9M in Toronto. Hamilton’s affordability coupled with staggering growth has made investors 244% in ROI over the past 10 years. While absolute growth may be smaller in Hamilton, after considering the relative investment, Toronto is outmatched. 

Research shows people are looking for larger, livable spaces in affordable communities - REBECCA condos is exactly that. Be apart of Hamilton’s bright future by investing in REBECCA today. 

THE GTA HOUSING SUPPLY

When the market drops, the media wastes no time in labelling the condo market as a bad investment. The same reporters writing today are ones who thought the 2008 sub-mortgage crash was the end of condo development in the GTA. Markets in all investments fluctuate and the housing market here hasn’t seen a real correction in close to 20 years. It’s downturns like these that present opportunities of a lifetime for investors.

At a fundamental level, investors are looking for markets where supply is low and demand is high. Prior to the market slowing, Canada already had a housing shortage. High rise projects take an average of 3-5 years from start of construction. Between 2022 and 2023 alone, housing stock starts were down 100k units in Ontario. The lack of construction starts between 2023 and 2025 means there will be no supply to relive the pre-existing shortage in 2029 - creating one bigger shortage.

Nationally, the Canadian Mortgage and Housing Corporation (CMHC) predicts the country will be short 3.5M dwelling units by 2030. This accounts for family and roommate living patterns. Of that 3.5M dwelling units, just around half the units are here in Ontario. Statistics Canada concluded between 2018 and 2024, Ontario started building 29 dwelling units for every 100 new people after considering immigration and migration. The reality is, the province was struggling to meet demands prior to the market slowdown and now with stunted construction, supply is set to be at an all time low in 2029 to 2030. 

When it comes to the limited supply, the appetite for high rise will continue to grow, not necessarily by choice but necessity. Suburbs like Hamilton, Mississauga, Pickering - they’re all asking for higher density housing due to affordability. According to RBC, in 2023 44% of households in Ontario were constrained to condos strictly on the basis of affordability. With only 22% of households eligible to buy detached homes, it leaves a sizeable portion of households ineligible to buy - creating a large renter pool. As affordability continues to be an issue, we predict the share of households eligible to purchase single detached homes will continue to fall as more and more purchasers are constrained to condos. 

Make no mistake, Ontario’s housing shortage hasn’t disappeared because the market’s soft - in fact the shortage has been amplified and we’ll see the effects in 2030.

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