Posts Tagged ‘home value’

Why buy a new home? A video tutorial.

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All About Buying & Selling: A Video Tutorial

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Monarch named 2010 Home Builder of the Year

Monarchwin Monarch named 2010 Home Builder of the Year

The Monarch Group has been named 2010 Home Builder of the Year by the Building Industry and Land Development Association (BILD) at the 30th Annual BILD Awards, which were held on April 30, 2010.

The Home Builder of the Year award was established by BILD in 1998 to recognize the builder who sets the standard for the rest of the industry by their leadership in improving the overall image of the industry. The award is based on quality, service and customer commitment from the moment the agreement of purchase and sale is signed right through to post-closing service period. The winner is determined based on the Association’s survey of the builder’s recent occupants in various communities.

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Builders working to reduce impact of HST on new home buyers

The controversial new HST rules have been causing quite a stir as their July 1, 2010 implementation date approaches, and nowhere is this more evident than in the realm of the biggest of big purchases, new home sales.

The good news for most Ontario homebuyers is that because of the way the tax is structured, there will be no significant increase in cost for new homes that are priced below $400,000.

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Canada home prices may rise 10 per cent in 2010: report

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Canadian home-resale prices are likely rise in 2010 at an even faster pace than this year but a dangerous bubble probably won’t develop, TD Economics said in study published on Tuesday.

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Homebuilders lining up to become licensed for energy efficiency

60441H Homebuilders lining up to become licensed for energy efficiency

(NC)—It’s easy being green, at least for builders of new homes in Canada. The trend towards building energy-efficient homes has never been hotter as more and more builders across Canada are calling Natural Resources Canada (NRCan) to become licensed builders under their energy-efficient new homes initiatives.

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New home sales up 113 per cent in September

New home sales surged 113 per cent in the Greater Toronto Area in September, with the high-rise condo market finally coming to life to join the rally in low-rise new home sales that began earlier this year, the Building Industry & Land Development Association announced today.

There were 3,883 new homes and condos sold in the GTA in September, according to RealNet Canada Inc., BILD’s official, independent source of new home market intelligence.

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Canadians remain passionate about homeownership, Genworth

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The desire for homeownership is alive and well in Canada, with many Canadians willing to go to great lengths for it. According to the Genworth Mortgage Insurance Company Canada (”Genworth Financial Canada”) First-Time Homebuyer’s Monitor released today, 68 per cent of renters said they would be willing to delay major purchases and more than half would give up vacations in order to own their own home.

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AFFORDABILITY AND JOB SECURITY MOST IMPORTANT FACTORS FOR FIRST-TIME HOMEBUYERS

Canadians who are considering purchasing their first home are primarily motivated by lower home prices and very low interest rates, but some require confidence in the economy and their employment prospects before they will enter the market, according to a report released by Royal LePage Real Estate Services.

Eighty-six per cent of potential first-time buyers say low interest rates make them more likely to purchase a home; 81 per cent cite lower housing prices as a motivating factor; while 76 per cent cite job security and 64 per cent say a stable economy is an important factor in their decision to buy.

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August new home sales up 62 per cent

CNW-Sales of new high-rise condominium suites stabilized in August while sales of new low-rise (single-detached, semi-detached and town-homes) homes spiked by a dramatic 163 per cent, resulting in a 62 per cent increase in total new home sales, August over August, the Building Industry & Land Development Association (BILD) revealed today.

According to RealNet Canada Inc., there were 3,074 new homes and condos sold in the Greater Toronto Area in August, 2009. Monthly high-rise sales were up for the first time this year, albeit very modestly, while low-rise unit sales continued on the exceedingly hot pace of the last several months.

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