Make us your home page
Instagram

Canada's largest homebuilder Mattamy moves into Tampa

Canada's largest home builder is joining the snowbirds in flocking south, opening a new division in Tampa to compete for a growing demand in new homes, the company said Tuesday.

Mattamy Homes is looking to acquire land here for its newest development, calling Tampa's "diverse population and economic base ... the next great opportunity" for the Ontario-based builder.

The firm, which has divisions in Arizona, Minnesota and the Carolinas, has also built in 18 subdivisions across Jacksonville and Orlando.

With revenues of $1.5 billion in Canadian dollars (about $1.41 billion U.S.) in fiscal year 2013, Mattamy could pose a challenge to large homebuilders already established here, including D.R. Horton, PulteGroup and Lennar.

Mattamy's expansion into America underscores the changing housing markets of Canada and a resurgent United States. While home sales in Canada dove sharply last year, home builders in Tampa Bay beat local forecasts and started about 6,500 new homes this year, 35 percent higher than 2012, Metrostudy data show.

Canada's largest homebuilder Mattamy moves into Tampa 12/17/13 [Last modified: Friday, December 20, 2013 11:01pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Federal agencies demand records from SeaWorld theme park

    Tourism

    ORLANDO — Two federal agencies are reportedly demanding financial records from SeaWorld.

    Killer whales Ikaika and Corky participate in behaviors commonly done in the wild during SeaWorld's Killer Whale educational presentation in this photo from Jan. 9. SeaWorld has been subpoenaed by two federal agencies for comments that executives and the company made in August 2014 about the impact from the "Blackfish" documentary. 
[Nelvin C. Cepeda/San Diego Union-Tribune/TNS]
  2. Legalized medical marijuana signed into law by Rick Scott

    State Roundup

    TALLAHASSEE — Gov. Rick Scott on Friday signed into law a broader medical marijuana system for the state, following through on a promise he made earlier this month.

    Gov. Rick Scott signed legislation on Friday that legalizes medical marijuana in Florida.
  3. Line of moms welcome Once Upon A Child to Carrollwood

    Business

    CARROLLWOOD — Strollers of all shapes and sizes are lined up in front of the store, and inside, there are racks of children's clothing in every color of the rainbow.

    At Once Upon A Child, you often as many baby strollers outside as you find baby furniture and accessories. It recently opened this location in Carrollwood. Photo by Danielle Hauser
  4. Pastries N Chaat brings North India cuisine to North Tampa

    Business

    TAMPA — Pastries N Chaat, a new restaurant offering Indian street food, opened this week near the University of South Florida.

    The menu at Pastries N Chaat includes a large variety of Biriyani, an entree owners say is beloved by millions. Photo courtesy of Pastries N Chaat.
  5. 'Garbage juice' seen as threat to drinking water in Florida Panhandle county

    Water

    To Waste Management, the nation's largest handler of garbage, the liquid that winds up at the bottom of a landfill is called "leachate," and it can safely be disposed of in a well that's 4,200 feet deep.

    Three samples that were displayed by Jackson County NAACP President Ronstance Pittman at a public meeting on Waste Management's deep well injection proposal. The sample on the left is full of leachate from the Jackson County landfill, the stuff that would be injected into the well. The sample on the right shows leachate after it's been treated at a wastewater treatment plant. The one in the middle is tap water.