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It may come as a large surprise to many to learn Mattamy Homes, headquartered in Toronto, is North America’s largest, privately held home-building company.

A smaller surprise would be Mattamy has turned its attention to the United States as the focus of its expansion plans.

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With an economy that is firing on all cylinders and a housing market in full recovery mode, the time would seem ideal for Mattamy to expand its current U.S. operations (North Carolina, Florida, Minnesota, Arizona, plus expansion into California).

But the market-ripe conditions south of the border are not the only reason Mattamy is U.S.-bound.

It’s also due to a shortage of land in the Greater Toronto Area (GTA) to meet the demand for new single-family homes, which has sent prices soaring through the roof, plus government regulations that make building there a frustrating business, said company founder Peter Gilgan.