Cory Villas

Cory Villas townhouses in Saskatoon, Sask. The siding is red, grey and white.

Client

Innovative Residential

Partners

City of Saskatoon
National Affordable Housing Corporation
Mike Holmes Group

Features

  • Appealing floor plan
  • Attainable price points
  • Down payment assistance
  • Construction completed in 7 months
This prime plot of land in Saskatoon’s family-friendly Stonebridge neighbourhood offered a unique opportunity to partner with the City of Saskatoon, the National Affordable Housing Corporation, and the Mike Holmes Group to build quality homes for moderate-income families.

Location alone is not enough to stand out in a competitive first-time homebuyer market – Cory Villas required an appealing floor plan and attainable price points. A smart stacked townhome design provided 38 units divided into a selection of two and three-bedroom options to suit a wide array of budget-conscious home buyers in Saskatoon. In addition, nearly $500,000 in funding was secured for eligible buyers with annual household incomes below $90,000 to assistwith their down payment in the form of non-repayable grants worth 3-5% of the purchase price.

Despite a slow spring thaw, construction completed in just 7 months. The first possessions took place in July 2018 and Cory Villas sold out just 7 months later!

A view of the Cory Villas townhouses in Saskatoon, Sask., that shows the semi-private yard on the two-bedroom suites.Cory Villas townhouses in Saskatoon, Sask. Some of the siding is red, white and grey while the building next to it is blue, grey, and black.A view of the Cory Villas townhouses that shows the three-bedroom raised suites with a porch.

Fast-track construction with Big Block

Every journey starts with a single step. See how you can get from that first step to the finish line with our Kickstart Kit quis.
Take the quiz