Market Conditions and Pricing Create Opportunity for First-Time Buyers at Brookfield Homes in Ontario

ONTARIO, CA--(Marketwire - Jul 10, 2012) - All 139 garden court townhomes and condominiums in the stylish neighborhood of Belcourt at Edenglen in Ontario are now home to residents like first-time home buyer Claire Peng, who felt the time was right for her, and Brookfield Homes presented her with the right place to live for style, warmth and value.

Peng is not alone. The Commerce Department recently stated that sales of new homes increased 7.6 percent in May from April, the best pace since April 2010, which was the last month that buyers could qualify for a federal home-buying tax credit. This increase follows other signs that show the housing market is improving with mortgage interest rates that are the lowest on record.

"Now that I am living on my own, this is a big change for me," Claire explained, "and Brookfield Homes has made it both affordable and exciting."

Brookfield made it easy for Claire to make new friends by designing a neighborhood with a pedestrian-friendly environment, where wide parkways and sidewalks connect, and the community Clubhouse offers a host of recreational opportunities.

Claire loves the features of her new home, including beautiful wood flooring, a spare bedroom for guests and a spacious master bedroom that includes a large walk-in closet, dual sinks and a separate tub and shower.

Even though Belcourt is sold out, there are still opportunities to share the joys of Edenglen at the community's newest neighborhood, GreenDoor, which offers new single-family detached homes from the low $300,000s.

GreenDoor reconnects residents with everything that matters: peace and quiet, family and friends, home. Plus, technologically advanced and energy-efficient features, including solar panels, extra garage space and up to three-car flex parking, and comfortable yards for entertaining and outdoor living year-round.

All of those advantages distinguish four single-family home designs with large, open floor plans that create the perfect setting for family activities and festive entertaining. Ranging from approximately 1,710 to 2,054 square feet, the homes encompass three to four bedrooms and up to three baths.

For more information about GreenDoor at Edenglen, visit the sales office at 3228 S. Edenglen Avenue in Ontario or call 800-599-3906, or visit www.LiveGreenDoor.com.

Brookfield Homes, a member of Brookfield Residential, is committed to being more than a homebuilder. We are a premier lifestyle provider comprised of a dedicated and knowledgeable team of professionals with the passion and in-depth experience to craft new homes and neighborhoods that speak to the aspirations of homebuyers in every stage of life. Over the years, Brookfield Homes has been consistently acknowledged as a leader in our industry with an exceptional reputation for quality, design, and customer service. Brookfield Residential, publicly traded on the New York Stock Exchange, is dedicated to creating great places to live and is a leading North American land and housing company. Active in ten major markets across the United States and Canada, Brookfield draws strength from geographic diversity and affiliation with community development and homebuilding operations across the globe. Brookfield Homes Los Angeles is independently and locally operated in the Greater Los Angeles, Orange and San Bernardino Counties. Visit our corporate web site at www.BrookfieldLA.com.