Canada’s largest builder of new homes is planning a major U.S. expansion, as it bets that house prices have topped out in its main market of Ontario – and have bottomed out south of the border.
“I think Ontario’s had a good run in terms of house prices and I think we’re at a point in time where we’ve peaked in pricing,” Brian Johnston, the chief operating officer of Mattamy Homes, said during an interview at the company’s Oakville, Ont. headquarters. “We’ve had a good run as an industry and now things are flattening out.”……………………………………….Full Article: Source