Hello,
How can I get information on a future school on Solarium Avenue and Chorus Drive in Riverside South. There will be a park adjacent to the school too. I am considering a lot that faces the future school but I don’t know if it will face green space or school building. The builder is unable to provide information. Thank you
Hello,
I am looking into buying a new home from a builder. The lot will be facing a 2 lane busy street but the house will be separated by a local road in front then a green strip and bike path separating the local road/house to the busy road. The backyard is facing another house, it’s quiet. Those with experience, would you suggest buying it? This is a detached house. The only other option I have is lot facing townhouses and backing to other house. Thanks
Hello,
I am looking into buying a new home from a builder. The lot will be facing a 2 lane busy street but the house will be separated by a local road in front then a green strip and bike path separating the local road/house to the busy road. The backyard is facing another house, it’s quiet. Those with experience, would you suggest buying it? This is a detached house. The only other option I have is lot facing townhouses and backing to other house. Thanks
Is it truly with it? Many buyers seem to be getting pre-cons to take advantage of the Ontario HST rebate. Is it worth it? One is basically buying a “shell” of a house but saving 130k in this economy sounds incredible. Does that mean if I buy a pre con today, when the rebate is done. I have gained 130k in equity? Economy is not good, hard to predict how Ontario housing market will be and interest rate. Wonder if it’s more beneficial for the builder than the buyers.
Experienced agents and market experts! based on your experience, research, insight market intelligence, do you foresee Ottawa low rise (towns, singles and semis) resale home prices to fall 2-4% remaining of the year? What about the pre-construction homes? Seems like they are selling like hot cakes. Due to the demand, do you think builders will increase the prices during fall as some will release more lots? Their singles are well over million… given the economic situation and job market, would there be an adjustment in both pre-con and resale markets?
Seems that seller are hesitant to put their homes on the market and buyers are either choosy or unable to find the right homes. Just want to have a discussion and learn. Thanks
Hi everyone, considering buying a home in RSS. The lot faces onto the Spratt Road but with a landscaped median/green strip between the homes and the road. Right now Spratt Road is only two lanes.
Does anyone knows the City’s long-term plans for the road? Builder doesn’t have it. Is it expected to remain two lanes or are there plans to widen it to four lanes in the future?
Trying to understand how much traffic the area might see over the years before making a decision. Any insight would be greatly appreciated. Pros and cons of living in such lot, it will back to a side of another home. Thanks!
I am in the market to buy a detached home, an upgrade from the current. A family of 5, including aging parents living with us full-time.
I have been monitoring the resale homes in Ottawa for several months now. Not seeing what we need for the family- a main floor bedroom and a full bath is a must. I am looking to buy either in barrhaven or riverside South, avoiding the half moon Bay Area). Most detached resale are between 2500-3000 sq ft and most don’t have a shower in the powder room or have space to install. Many have cosmetic upgrades but not the capital ones.
I am thinking of booking a pre-con, builders seem to have increased the price a bit, cost will be little over a million, it’s a stretch for the family but we will stay there long, will will just have to budget tight, cut out some vacation and other costs.
Is the rebate worth it? 130K saving sounds great in theory but in practicality, is it worth it? I know that pre- con has up front costs but after maintenance is lower than other homes, Tarion warrant, won’t have to worry about capital costs for at least 15-20 yrs.
Given the economic climate in Canada and the world, I am worried if I would make a mistake booking a pre-con. Is there any possibility for interest rates to spike over 4% (variable) next year? (I know it’s hard to predict but those who are knowledgeable would have better understanding than me).
Both pre-sale and pre-con have their +/-, I am thinking about long term investment, low on going maintenance, patents and
family needs. Once we get a home, we don’t plan to move for 10-20 yrs or until we must. Any advice is greatly appreciated it!
Hey all, I am looking to book a pre-con, price is $1.2M. I am having hard time understanding and figuring out how much my rebate would be. I am a first time buyer but my wife isn’t. I tried to research on CRA, didn’t find good info, builder just says “talk to your lawyer “ and the lawyer want to charge fee even to have a short call. Please help me calculate 🙏🏼
My understanding:
- this needs rebate applies to all buyers when bought as principal resident, which mine would be.
- max rebate is $130K up to 1M then tapers up to $1.5.
My situation:
- the builder’s advertised price is $1.2M
- upgrade will be about $40k (we plan to only do necessary ones)
Would my final price be: $1.2M+$40K-130k = 1.110m (with an understanding that I will pay tax for anything above $1m)
Thank you!
Hello mortgage experts,
I am thinking booking a pre-con home in Ontario Canada. The value of the home will be between $1.1-1.2M. Mortgage amount around 700-750k. Does the interest rate increase if the home value is more than a million?
Given the economic climate, do you predict Canadian interest rates will remain stable or declining a bit due to increased inflation, lack of jobs etc.? Thanks
I am a first time buyer, confused about which lot to choose. Please help a brother out with your advice. Location: Riverside South in Ottawa. Home type: detached
Two lots side by side. Fronting to Spratt road but there is a median with green strip. Trees will be planted and grass, so there is gap. There will be a side walk and bike path. Both lots are backing to sides of other homes. No direct rear to rear neighbours, just their sides. Both are facing east, but there is a green utility box with 2 “arms” (probably small telecom pole). No sidewalk directly on the lot. Faces east.
One lot facing rows of townhomes. Backing to other homes. Rear direct facing with the back neighbors. There is a street light and it’s 12k premium because one side of the lot is wider.
4th lot, backing to direct rear to rear neighbor and in the front, shares utility box with adjacent neighbor. It faces north
My family speaks a lot of time in the backyard. We are renting now and our homes is backing to no neighbors, which we lot. Which lot would you choose? Thanks for your input
I am looking to book a detached pre-con but the only available lots either have a fire hydrant right in front of the property or a transformer box in between 2 lots. Based on your experience, what are the pros and cons of having one or the other? I am conflicted and confused as what to choose. The builder will release more lots in fall but unknown of the timing and I suspect the price will increase. Please help me decide.
Hello, I am on the market to buy a property. The rates seem steady these days and BOC not really increasing, heard there is a possibly of even a decrease in the future. What rates (both fixed and variable) are people getting? Should I go for 5 yr variable? A broker offered 3.55, 5 yr variable.
Hello everyone,
I am considering a detached pre-con home. Before I book a lot, I want to get a sense of how much I need to out a side/save for closing and some post closing costs. The detached home prices are high, around a million +, it is a big investment so I want to be diligent. Based on the cost, I may delay or look for other options. I appreciate your valuable input.
Closing cost approx $20-25k (including legal, title, land transfer etc)
Post closing:
- window treatments like vertical blinds ~$ 8k for 14 windows
- Eavestrough about $4k
- 5 Appliances $10k. Installation about $1k
- PVC fence about $8k
Am I off with any prices? Is there any other item missing? Thanks
Hi everyone,
I am on the market for a detached homes. Recently looked into Phoenix homes and found out they are building in Greely, these are 66 feet lots by 130 feet. Quite large compared to lots in Barrhaven, Riverside, Kanata etc. price wise, not big difference between those in Barrhaven Riverside etc. I understand Greely has more rural vibe. Homes are much bigger and the lot size attached me. We don’t have kids but have aging parents living with us. We are now conflicted where to invest our money in, wherever we buy, plan to live there next 15-20 years. My partner and I work in Gatineau. Currently living in Barrhaven, we will be upgrading from our condo townhome to detached. We are newly in the market, and within min experience, so appreciate your advice.
Those who live in Greely, what do you like/don’t like about the area? Is Phoenix a good builder? Please help us decide where to spend a million? Initially, we were looking into staying in Barrhaven or moving to Riverside, but now looking into Greely only because of the large lot and home size within the same price range. Thank you!!!
(Posting on behalf of a friend who doesn’t use Reddit)
I am on the market to buy a home, thinking new builds due to the rebate. Torn between Tamarack homes building in Barrhaven half moon Bay Area near the new food basic on Cambrian vs going over the bridge to RiverSide South (Claridge homes). Any recommendations?
Hello mortgage experts! What is the best 5 yr variable rate I can get now? What about for refinance? I spoke to a mortgage agent, he told me the best he can do is 3.75%. What are you seeing this these? I am in Ontario. I would appreciate any tips you can provide or what I should look out for. Thanks!
Calling all real estate lawyers! Please help me understand the new HST rebate for all buyers. I am deciding to purchase a pre con primary resident (not a first time buyer), buying it with a family member who is a first time buyer. The builder listing price is $1.3M HST not excluded, but I assume the previous $24k is included.
I am trying to get a rough estimate for budgeting purposes. Spoke to a lawyer who was confused himself. WIU the calculation be the following?
1.3M + 24k %1.13 = 171,681 - 130,000 = 41,681
Total property price with rebate = 1.3m + 41,681 =1,341,681
I am a non-first time buyers, looking to purchase a pre-con that is around $1.1M. I am confused about the rebate, it says that rebate is $130k max for properties valuing up to 1M, then between 1.1-1.5M, they is a scale.
I was told by the builder’s assistant that the initial $24K tax rebate applied to first time homes would be added back and then the 13% would be applied. I am trying to budget and understand my financial obligations before I sign up, but I am getting confused.
Would my rebate calculation be:
Base home price $1.1M
Rebate calculation: 1.1M+$24K%1.13%? That’s $98,345 not $130K
What am I doing wrong? Thank you for helping me understand
I am a non-first time buyers, looking to purchase a pre-con that is around $1.1M. I am confused about the rebate, it says that rebate is $130k max for properties valuing up to 1M, then between 1.1-1.5M, they is a scale.
I was told by the builder’s assistant that the initial $24K tax rebate applied to first time homes would be added back and then the 13% would be applied. I am trying to budget and understand my financial obligations before I sign up, but I am getting confused.
Would my rebate calculation be:
Base home price $1.1M
Rebate calculation: 1.1M+$24K%1.13%? That’s $98,345 not $130K
What am I doing wrong? Thank you for helping me understand
I am currently deciding between a pre-con detached from either Richcraft or Claridge Riverside or Findlay creek (44/45 ft lots) and would love to hear from homeowners who have firsthand experience with either builder.
Richcraft doesn’t show HST rebate credit amount for non-first time buyers but Claridge does.
Your experience on:
- Build quality and workmanship
- Upgrade pricing and value (ROI)
- Floor plan functionality and design
- Customer service after closing
If you have owned or currently own a Richcraft or Claridge home, would you buy from the same builder again? Why or why not?
For those who compared both builders before buying, what ultimately made your decision? Any insights, lessons learned, regrets or recommendations would be greatly appreciated.
This is a major purchase and your experiences will help me make a more informed decision. Thank you!