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Archive for the New Home Financing Category

Why do construction companies charge more per hour than some people earn in a day?

Why do construction companies charge more per hour than some people earn in a day?

I get asked this question so often that I decided to write the whole article on that subject. So, we charge $60.00 per hour for every man on the construction site, be it a foreman, knowledgeable framer, or just a labourer. With 10% overhead, 15% profit, and […]

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Should You Consider Bridging Finance For Your Home Construction?

Should You Consider Bridging Finance For Your Home Construction?

  The average house price in Ontario is $578,000, a figure that has seen a negative 13% change over the last year, according to the Living In Canada website. While home prices across Canada have been steadily rising over the last decade, income levels have not increased at […]

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New Home HST Rebate Calculator – Ontario

New Home HST Rebate Calculator – Ontario

These rebates only apply to buyers who are purchasing a new house from a builder who has agreed to sell the house to the purchaser with the tax rebate included. If you bought a new home from a builder in Ontario, you might be entitled to claim […]

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12 Ways to Lower Your Home Insurance Costs:

12 Ways to Lower Your Home Insurance Costs:

home insurance The price you pay for your homeowners insurance can vary by hundreds of dollars, depending on the insurance company you buy your policy from. Here are some things to consider when buying homeowners insurance. 1. Shop Around It’ll take some time but could save you […]

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What You Need To Know About Construction Liens In Ontario

What You Need To Know About Construction Liens In Ontario

What is the Construction Lien Act The concept of a lien goes back to medieval times when it initially applied to ships. In North America, Thomas Jefferson and James Madison came up with the idea of applying claims to buildings. The idea was to encourage builders and […]

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6 Ways to Bring Down Your Mortgage Faster

6 Ways to Bring Down Your Mortgage Faster

6 Ways to Bring Down Your Mortgage Faster A mortgage is likely one of the biggest financial commitments you’ll make. With a quarter of a million dollars on the line and thousands of dollars in interest – it’s important you take the time to understand the optimal […]

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7 Ways to Get Cheap Financing for Your New Home

7 Ways to Get Cheap Financing for Your New Home

Financing For a New Home – Can we afford it? Purchasing a new home takes a major commitment; especially when you’re trying to finance the home as cheaply as possible. Banks and lenders seem to be all over the board when it comes to interest rates and […]

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Home Price Versus Lifetime Cost

Home Price Versus Lifetime Cost

You’re buying a new house. You’re thrilled and relieved. But if you’re like most new-home buyers, you’re also confused. What, precisely, do you need to know — and how hard is it to find out? Home Price Versus Lifetime Cost First on your need-to-know list is the […]

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How to Lower Home Insurance Costs When Building a New Home

How to Lower Home Insurance Costs When Building a New Home

There are several ways to reduce your homeowners insurance cost and premiums when in the process of building a new home. In fact, it is easier to do this when building a home rather than buying a completed home. Reduce my home insurance costs The text below […]

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Pricing New Homes Per Square Foot: What No One Is Talking About

Pricing New Homes Per Square Foot: What No One Is Talking About

Pricing New Homes Per Square Foot How Price Per Square Foot influences your decisions when building or buying a new home What is a price per square foot for new homes these days? In one form or another, this question is one of the most asked from […]

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15 Mistakes Homebuyers Make And How To Avoid Them

15 Mistakes Homebuyers Make And How To Avoid Them

Mistakes Home Buyers Make Buying a home? Avoid These Common Buyer Mistakes! For most of us, buying a home is the single biggest financial transaction we will make. It’s exciting and fulfilling, but it can also be overwhelming, even downright frightening. The pitfalls are many but fortunately […]

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The Ultimate Cheat Sheet on Home Construction Loans

The Ultimate Cheat Sheet on Home Construction Loans

Home Construction Loans How to get home construction loans to build your custom home: A down payment of at least 5-10% of the total value of your building project will be required. If your building project (land and house) is projected to be $300,000 you will need […]

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Home Building Costs Increase

Home Building Costs Increase

A new report from the National Association of Home Builders shows the costs of constructing a single-family home were much higher when compared to 2011, reaching $246,553 last year compared with just $184,125 in 2011. Home Building Costs Increase Much of this cost was due to an […]

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The Anatomy of a Great Construction Contract

The Anatomy of a Great Construction Contract

Construction Contract Warning! Failure to read a written agreement is not valid defense! A well-drafted construction contract clearly sets out the work to be done, the price to be paid for the work, and the terms and conditions of payment. The contract should also designate various foreseeable […]

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19 Things You Must Know When Choosing House Plans…

19 Things You Must Know When Choosing House Plans…

Things You Must Know When Choosing House Plans Finding the ideal house plan to meet your lifestyle and needs may seem time-consuming or overwhelming, but knowing what to look for can help lead you to success when building your new home. 19 Things You Must Know When […]

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All You Need To Know About Construction Lien Act In Ontario

All You Need To Know About Construction Lien Act In Ontario

Construction Lien Act In Ontario – Introduction  Those involved in the construction industry are continually faced with financial risks not encountered in other commercial contexts. These financial risks stem from the fact that most construction work is carried out by different construction trades people who have no […]

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Construction Insurance: It Is Not As Difficult As You Think

Construction Insurance: It Is Not As Difficult As You Think

Construction Insurance – Do You Need It? Insuring Your Home While Being Built – Construction Insurance Even though insuring a home while it is under construction or being built is not directed by any laws, it is a must, especially if you finance all or a part […]

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The Cost of Home Building – Dreaming of Building a New Home, but Worried About the Expense?

The Cost of Home Building – Dreaming of Building a New Home, but Worried About the Expense?

How much will my dream home cost – What you need to know about a cost of homebuilding: If you are considering having a custom home built, the following information will help you get an idea of the home building cost exclusive of land. The Cost of […]

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How To Calculate HST On New Homes In Ontario

How To Calculate HST On New Homes In Ontario

How To Calculate HST On New Homes In Ontario HST Rebate on New Homes Ontario Calculator Before you start calculating HST rebate on your new home, it is important to understand that the Provincial component of the HST rebate is fixed at 6% to a maximum of […]

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How much will my house in Southern Ontario cost per square foot?

How much will my house in Southern Ontario cost per square foot?

Most people think that the “cost per square foot” of a house is one of the best ways to determine whether it’s a good value. New home builders have to deal with this every day, and the truth is typically not what the client wants to hear. […]

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7 Best Ways To Get Home Improvement and Building Loan

7 Best Ways To Get Home Improvement and Building Loan

  Home Improvement and building projects are widely popular credited to the growth of TV series and designer shows. While smaller projects top the list of frequency, such as painting and decorating, all home improvement projects can add up quickly. 7 Best Ways To Get Home Improvement […]

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7 best ways to get Home Improvement Loan

7 best ways to get Home Improvement Loan

Home Improvement projects are widely popular credited to the growth of TV series and designer shows. While smaller projects top the list of frequency, such as painting and decorating, all home improvement projects can add up quickly. The savvy shopper will not only shop around for the […]

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HST on new homes in Ontario

HST on new homes in Ontario

HST on new homes in Ontario HST on new homes in Ontario By: Mark Weisleder Some investors who bought new homes or condos in the past few years planning to flip them in a hot Toronto market are facing HST bills of up to $30,000. That’s because they […]

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