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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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 the […]
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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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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 a good […]
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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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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 way to bring it down faster, saving you […]
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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 amortization periods – making your decision a tough one. Fortunately, […]
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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? First on your need-to-know list is the price. That is easy enough […]
Read more →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. The text below is taken from “New Built Home […]
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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 our visitors. Unfortunately, it is also […]
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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 most are commonplace and […]
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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 a minimum down […]
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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. Much of this cost was due to an increase in the price […]
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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 risks between […]
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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 Choosing House Plans 1. Aesthetics: Do you like […]
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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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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 of construction costs. So, what type of […]
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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. There are many […]
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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 $24,000, the federal portion of the HST rebate is […]
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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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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. The savvy shopper will not only […]
Read more →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 […]
Read more →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 didn’t read the fine print on […]
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