Brantford ON Pre-Construction and New Homes for Sale

Unlocking Your Dream Home: Pre-Construction and New Homes for Sale in Brantford ON  In the ever-evolving world of real estate, the quest for the perfect home often leads potential buyers to explore innovative options. One such avenue gaining prominence is the realm of pre-construction and new homes for sale. These offerings provide a unique opportunity for homebuyers to shape their dream living spaces from the ground up. In this blog post, we will delve into the exciting world of pre-construction homes, exploring the advantages, considerations, and the journey of turning a blueprint into a personalized haven. Understanding Pre-Construction Homes: Pre-construction homes are properties that are available for purchase before they are built or completed. This approach allows buyers to secure a property at a pre-determined price, often benefiting from more favorable rates compared to purchasing a fully constructed home in a competitive market. By investing in a pre-construction property, buyers can also enjoy the advantage of customization, tailoring their homes to suit specific preferences and needs. The Benefits of Pre-Construction Homes: a. Financial Advantages: Pre-construction homes typically come with lower initial costs compared to existing properties in the market. This financial advantage is coupled with the potential for property appreciation, offering a lucrative investment opportunity. b. Customization Opportunities: One of the most exciting aspects of pre-construction homes is the ability to customize the living space. From choosing floor plans to selecting finishes, fixtures, and color schemes, buyers can actively participate in the creation of their dream home. c. Modern Design and Technology: Pre-construction homes often feature the latest in architectural design and technological advancements. This ensures that buyers not only invest in a property tailored to their tastes but also enjoy the benefits of contemporary living. Navigating the Process: a. Research and Due Diligence: Prospective buyers should conduct thorough research on reputable builders and developers. Examining their track record, completed projects, and customer reviews can provide valuable insights into the reliability and quality of their work. b. Understanding Contracts and Timelines: It's crucial for buyers to carefully review and understand the terms of the purchase agreement, payment schedule, and construction timeline. A clear understanding of these aspects helps manage expectations and avoid potential pitfalls. c. Working with a Real Estate Professional: Enlisting the services of a knowledgeable real estate agent specializing in pre-construction homes can streamline the process. These professionals can guide buyers through the intricacies of the transaction, ensuring a smooth experience. New Homes for Sale: Beyond Pre-Construction: In addition to pre-construction homes, buyers can also explore newly constructed homes for sale. These properties, though already built, offer the advantage of being brand new, often featuring modern amenities and energy-efficient technologies. Exploring the new homes market widens the array of options available to buyers seeking a turnkey solution without the wait associated with pre-construction. Investing in a pre-construction or new home for sale is a thrilling journey that combines the excitement of personalization with the promise of a fresh start. As the real estate landscape continues to evolve, these options empower buyers to not only find a house but to actively participate in the creation of a home that reflects their unique vision and lifestyle. Whether opting for the customization potential of pre-construction or the immediate gratification of a new home, the key lies in thorough research, careful consideration, and the guidance of experienced professionals. So, embark on your journey to homeownership with confidence, and let the blueprint of your dream home come to life. Pre-Construction and New Homes for Sale in Brantford ON    Search MLS for New Homes for Sale in Brantford ON

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10 Day Cooling Offer Period | CREA Housing Snapshot | Dr. Sherry Cooper: Odds of a Rate Cut Next Week & Real Estate News Brantford ON

View this email in your browser OREA - Yesterday, the Government of Ontario announced the Homeowner Protection Act, 2024 – with several major wins for Ontario REALTORS® and hardworking families across the province, which OREA has advocated for in recent months and years.The Act includes several REALTOR®-led advocacy priorities, most notably a 10-day cooling-off period for buyers of newly built freehold homes. This will allow purchasers 10 days to review and cancel an agreement without penalty, a protection that is already in place for pre-construction condo sales in Ontario. Extending this protection to newly constructed homes will enhance consumer protection and level the playing field between hardworking families and corporate developers.And thanks to the lobbying efforts of OREA and our nearly 100,000 REALTORS® across the province, the Government will not be extending this protection to resale homes, which would have negatively impact both buyers and sellers.The new legislation also bans the registration of Notices of Security Interest (NOSIs), reducing unnecessary fees from being tacked onto the price tag of a home. Too many Ontarians, when selling their home, have been surprised by one or more NOSIs – fine print in contracts for water coolers, furnaces, or security systems that include exorbitant buyout charges to be paid before the home can be sold.Additionally, the Act will modernize zoning rules to allow for more homes to be built near public transit, making it easier and faster to increase Ontario’s housing supply in urban areas – a change that OREA has long-advocated for, including in our recent report, Analysis of Ontario’s Efforts to Boost Housing Supply.The Homeowner Protection Act, 2024 is a significant step toward enhancing consumer protection for Ontarians making one of the largest transactions in their lives, all while building much-needed housing supply across the province.Read our full statement here. Storeys – Ontario moves forward with 10-day ‘cooling-off’ period on new freehold purchases Globe and Mail – Ontario extends cooling off period, bans some liens on homes by vendors Toronto Sun – Half of GTA residents would move to one of Canada's more affordable cities: Survey London Free Press – London condos record Canada's biggest year-over-year 'benchmark' price hike CBC Kitchener Waterloo – Waterloo region preparing for 1 million residents by 2050 — Redman CMP Magazine – High housing costs drive urban Canadians to cheaper markets Ontario cottage country sees soaring prices amid new capital gains tax increase (Real Estate Magazine) Burlington offers best work-life balance in Ontario, according to new report (Insauga) The Standard $1.56-billion EV battery plant a ‘game-changer for Niagara’ Dr Sherry Cooper: Odds of a Rate Cut Next Week Rise with Disappointed Canadian GDP Growth 👀  Are we witnessing a stronger spring market compared to last year? Because Canadian real estate prices have rebounded after a seven-month slump, with April seeing a 4% rise from the start of the year.    Learn more >> 🧑🏽‍🍳  Considering a fresh kitchen design but worried about the mess of a demo? Discover 6 creative, budget-friendly upgrades to achieve your dream kitchen without the demo hassle.   Learn more >>   Wealth Professional – Are Canada's major cities facing an exodus to more affordable alternatives? Globe and Mail – Making homeowners into home builders Toronto Star – What do I need to know about the outside of my house? Here’s a checklist of essential tasks BMO reports increased delinquencies, predicts prolonged high interest rates (Canadian Mortgage Trends) Immigration provides important buffer for Canadian economy as population greys: RBC (Canadian Mortgage Trends) Posthaste: Why the Bank of Canada just might hold interest rates again (Financial Post) Mortgage discounts fail to lure borrowers away from shorter-terms as rate cuts near (Financial Post) Fix or float is the big mortgage question as Bank of Canada rate cuts approach (Financial Post) Canada must more than double the average number of homes built annually to meet the federal housing plan (The Hub) Homeowners turn to savings as financial pressure mounts (CMHC) Storeys – ‘Calm is good’ in Canada’s housing market: BMO Global News – Are home inspection conditions back in the cards? What buyers should know Wealth Professional – Spring should be a boom time for the housing market, it's not Financial Post – Waiting for warmth: Housing sales slump as spring blooms Financial Post – Would-be homebuyers are in limbo and only the Bank of Canada can free them Globe and Mail – CESTNICK: How the personal-residence exemption can help minimize taxes on capital gains Zoocasa - How the new capital gains tax is impacting cottage country this year Zoocasa - Do this first before you hire a moving company! Inflation is down - enough to bring the bank rate down and lower mortgage costs? June 5th is the next critical date (Burlington Gazette) What to consider before co-owning a home (The Globe and Mail) Regulations, ‘fragmented’ construction sector holding back housing starts: CMHC (Canadian Mortgage Trends) CREA: Rising inventory signals prime buying opportunities   Diana Winger, REALTOR® CNE, SRS, SRES, ABR Mortgage Agent, Level 1 Valko Financial LTD #13047 eXp Realty | Dominion Lending Centres |  226-705-3369 | 250-588-8839 ON YOUR TEAM! WingerRealEstate.com  |  SearchBestMortgages.com  

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Interest Rates Got You Down? Key insights on new-build purchases. Income needed to buy a home falls nationwide in Jan. & Good News on Inflation.

CURRENT INTEREST RATES Double Chocolate Peanut Butter Pie! You may be eligible for the New to Canada program that can assist with the purchase of a home with just 5% down on homes under $500,000. IN CASE YOU MISSED IT...MORE REAL ESTATE NEWS Real Estate Magazine – Ontario making strides in housing supply, urgent action needed to address affordability crisis: OREA Mortgage payments nearly twice cost of average rent in Brampton: report (Insauga) Ontario developers deny they're feeding housing crisis by sitting on land (CBC News) A new report has identified the Ontario cities where house prices have fallen the most (CP24) Navigating Ontario’s real estate market: Key insights on new-build house and condo purchases (Guelph Today) CBC Hamilton – Buying a house in Hamilton costs $300K more than it did 6 years ago, data shows Financial Post - Housing minister says interest rate cuts will spur building boom Canada’s housing minister says he believes lower interest rates will encourage builders to ramp up their activity, alleviating the country’s crunched supply of homes. CBC News - January home sales jump 22 per cent from last year's weak start January home sales jumped 22 per cent compared with a year ago, the largest year-over-year increase since May 2021, according to The Canadian Real Estate Association. The association says the increase reflected weakness last year, which saw the worst start to almost any year in the past two decades. Global News – Canada’s housing market is ‘starting to turn a corner.’ Are prices rising? Financial Post – Condo market faces 'significant slowdown' Globe and Mail – Forget downsizing: Canadian seniors staying in large houses well into their 80s, due in part to lack of options Globe and Mail – What does restoring affordable home ownership actually mean? One economist crunches the numbers Globe and Mail – January home sales in Canada rise as markets tighten but prices still softening: CREA CBC News - Home builders group calls for action on mortgage rules, labour shortage Canada is on the right track but won't reach its target of building 5.8 million new homes in the coming decade unless it loosens mortgage rules, addresses the labour shortage and helps to boost production of factory-built homes, says the Canadian Home Builders' Association (CHBA). Bank of Canada says housing affordability is about boosting supply, not lowering interest rates (CBC News) Housing affordability won’t return to pre-pandemic levels in the next two years: Desjardins (Yahoo! Finance) Real estate commission lawsuit expands across Canada (BNN Bloomberg) What to know if you're considering buying a house with friends (CTV News) High cost of living forces majority of Ontarians to put necessities before retirement savings (Toronto Star) Canada’s largest cities saw home sales surge in January (Canadian Mortgage Trends) Too soon to say when interest rates can come down: Bank of Canada (Canadian Mortgage Trends) Is it cheaper to rent or buy a house with a monthly mortgage in Canada? Prices analyzed in 26 markets (CTV News) Canada’s rental market faces historic challenges of record-low vacancy rates and soaring prices: CMHC (Real Estate Magazine) What history can tell us about soft landings and the pace of rate cuts that usually follow (Canadian Mortgage Trends) Canadians eager for homeownership, but down payments present another hurdle: report (BNN Bloomberg) How we measure housing costs helps explain inflation's stubbornness (Yahoo! Finance) Canada real estate: Income needed to buy a home falls nationwide in January (Yahoo! Finance) Economists say mortgage costs keep inflation high. So why is the Bank of Canada not cutting interest rates? (Toronto Star) What kind of home will $1 million buy in Toronto? More than you’ll get in Vancouver, new report finds (Toronto Star) Unexpected inflation drop won’t hasten Bank of Canada’s rate cut plans, economists say (Canadian Mortgage Trends) What the latest inflation data suggests about Canada's housing market (CTV News) Renting? You probably report lower quality of life than homeowners (CBC News) Great News On The Inflation Front Cause Big Bond Rally @DLCCanadaInc Chief Economist @DrSherryCooper  Vancouver and Toronto renters lament quality of life more than homeowners: StatCan (Canadian Mortgage Trends) CMHC reports annual pace of housing starts in January down 10% from December (Canadian Mortgage Trends) Rent-to-own, tax cuts take centre stage in BC United housing plan (Global News) Canada’s housing rebound continued in January. What should buyers expect this spring? (Canadian Mortgage Trends) Canada’s average rent price hit a new record of nearly $2,200 in January (Canadian Mortgage Trends) Can first-time buyers save Canada’s real estate market? (Real Estate Magazine) Latest in mortgage news: 50% of Canadians say high interest rates are negatively impacting their love life (Canadian Mortgage Trends) National Post – Federal government extends foreign buyer ban on Canadian homes to 2027 CBC News – Government extends ban on foreign buying of Canadian housing CBC News – Bank of Canada says housing affordability is about boosting supply, not lowering interest rates Financial Post – Canada is underestimating the number of new homes needed — by a lot, says CIBC Financial Post – Buyer's remorse? Homeowners in these cities are counting their losses     Diana Winger, REALTOR® CNE, SRS, SRES, ABR Mortgage Agent, Level 1 Valko Financial LTD #13047 eXp Realty | Dominion Lending Centres |  226-705-3369 | 250-588-8839 ON YOUR TEAM! WingerRealEstate.com Housesforsale365.com   |   SearchBestMortgages.com

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