The GTA Construction Report – January 2009 – PAGE B5
Overcoming economic challenges:
Award-winning Hayhoe Homes focuses
on quality and unprecedented value
STAFF WRITER – The GTA Construction Report
individual’s lifestyle.
Hayhoe has also noticed that customers
When the economy tightens up and the are becoming much more involved in the
housing market starts to decline, it takes a building process.
toll on all builders in residential home con- “They are much more knowledgeable
struction. For award-winning Hayhoe and know more what they want and ask re-
Homes, working in the St. Thomas-London ally good questions,” he said. “We work
area, the challenges are no different than for very hard to meet our customer’s expecta-
builders operating in more populated re- tions, whether it’s production time lines or
gions. It’s how they manage themselves making sure their interior features are ex-
through the down cycle that separates the actly what they want.”
successes from the failures. A design team is always available to ad-
For over 30 years, Hayhoe Homes has vise buyers on the best ways to personalize
flourished when market conditions have their homes.
been ideal and has also weathered the down In addition to custom-built and produc-
times; managing operation costs while tion homes, Hayhoe is also a land devel-
planning and preparing for the future. This oper, creating communities with its own
time is no different. While the company’s homes but also selling lots to other builders.
margins may be tighter than large market health sector and we’re positioned fairly clude Joe, his brother Will, owner and op- “Land development has its own unique
builders, given their location in a largely well on the 401. The commute is 20 min- erations manager, and Joe’s brother-in-law challenges,” Hayhoe explained. “Because
rural setting, they are holding their own and utes,” Hayhoe said. “A home here, com- Tom Looby, vice-president of finance, Hay- it’s a long process, it’s difficult to predict
researching opportunities to capitalize on in pared to London, can save buyers $30,000 hoe Homes has focused on quality crafts- market demands. For example, during good
the future. to $50,000.” manship, exceptional design and times, narrow lots may be okay but by the
Joe Hayhoe, son of founder Jim Hayhoe, The company has also met the current unprecedented value and service. It’s not time the land is ready, the market might be
who works in sales and marketing, expects challenge by lowering its prices making it a enough to build a house and sell it, staff at demanding larger lots.”
this current downturn to last another year great time to buy a house there. St. Thomas Hayhoe Homes makes sure that buyers are The builder’s inventory includes pro-
and anticipates that by the Spring of 2010, itself has expanded to include Big Box listened to and that each home reflects that duction homes from 1,100 sq.-ft. one-
all will be well again. In the meantime, the amenities such as Wal-Mart, Canadian Tire, storeys to 5,000 sq.-ft. custom-builds; from
company is busy planning new communi- and Silver City for example, altering its 1,300 sq.-ft. to 2,200 sq.-ft. two-storeys to
ties and new designs, anticipating growth “bedroom” community image. vacant land condos. Condo development
in Tillsonburg, a town attracting a fair share The Hayhoe story is a familiar one. has been popular, although slightly waning
of the boomer population, and in St. Founder Jim Hayhoe started his career as a because of the economy. Hayhoe Homes
Thomas, a developing city attracting buy- laborer in Toronto. In the late 70s, he was has built six condo communities in the past
ers who don’t mind the commute into Lon- asked to build a house, which he did. That 10 years. They are known for creating that
don. house led to a second house, then a third, “wow” factor inside its back splits and side
“The city of London has a booming etc. Today Hayhoe Homes, builds over 100 splits that include nine to 12-ft. high ceil-
houses a year and has been recognized with ings. Hayhoe Homes is also an Energy Star
a bevy of awards. From Tarion Awards of certified builder.
Excellence they have won in the Builder of To learn more about Hayhoe Homes
the Year, Medium Volume category in 2005 visit www.hayhoehomes.com
and have been nominated each year since.
In 2003 they won the Southwestern Ontario
Builder of the Year. In 2007, they were once
again a finalist for the Tarion Award, this
time in the Large Volume category
Congratulations to Hayhoe Homes.
.
Led by a team of professionals that in-
We are proud to be part of your success.
Congratulations to Hayhoe Homes.
We are proud to be part your team.
We offer many quality products such as:
-Standard mill run profiles
-Custom unique millwork
-Redi-Built pre-hung doors
Jake Zacharias
-Fireplace mantle materials
-Railing systems
-Builders’ hardware
EXCAVATION
-Closet storage solutions
-Interior/Exterior Columns and Posts
-And much more!
RR#1, Eden, Ontario N0J 1H0
1895 Blue Heron Drive, London, Ontario N6H 5L9
(519) 471-2880 Phone – (519) 471-2885 Fax
Tel: (519) 866-3515 Fax: (519) 866-3705
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