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Toronto tour of laneway housing

Toronto tour of laneway housing

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Toronto tour of laneway housing

Photography: Craig Race Architecture Inc.

A few weeks ago, we took BILD’s RenoMark renovators and custom homebuilders, as well as a number of journalists, on a tour of laneway and infill homes in Toronto. We were delighted by the level of interest in this event and happy to add an extra bus to accommodate everyone. We were not surprised to see that people are enthusiastic about the possibilities of laneway housing and eager to learn about the technicalities of building them. With laneway dwellings allowed to be built “as of right” in Toronto and East York as of only last summer – and with city council expected to make a decision in the near future on expanding this to Scarborough, North York and Etobicoke – we are all entering exciting new territory.

The adjunct advantage

A laneway home is typically a second, smaller dwelling built at the back of a lot, facing onto a public lane that shares utilities with the main house. Laneway housing has many advantages, both for homeowners and for neighbourhoods. For the homeowner, a laneway home can be a source of rental income or provide extra living space for extended family. For neighbourhoods, having homes facing onto laneways can improve safety and inject beauty and vibrancy. Laneway housing increases density in a non-intrusive way, enabling a more efficient use of infrastructure such as: transit, schools and community centres. Finally, and perhaps most importantly, laneway homes will contribute some much-needed rental housing in the city of Toronto.

Style meets function in The Junction

The Junction

That will certainly be the case with the first project on our tour – a laneway home that just broke ground in The Junction. The homeowners, who graciously answered questions from our tour participants, are planning to rent out the two-storey, three-bedroom house when it’s completed later this year. With more than 1,400 sq. ft. of living space, this home will do away with notions that laneway homes are cramped sheds in backyards. The best part? The homeowners report that the neighbours are excited, and some are even interested in building on their own lots.

The second laneway home on the tour also offered a feeling of spaciousness, both in the open-concept living area on the ground floor and in the courtyard behind the house. This two-storey, two-bedroom Leslieville home, currently rented out to a young family, was converted from an existing garage.

Sustainable supplement

Leslieville

Next on the tour was an infill project in Leslieville. Infill construction means building and renovating homes in established neighbourhoods. Infill homes, like laneway homes, add gentle density in our communities. The infill home we visited was created after an architect severed an unusually shaped lot into two separate properties. The home is filled with light and its high-performance building envelope helps conserve energy. A basement apartment provides extra rental income.

Laneway building incentives

The City of Toronto is offering two programs to encourage homeowners to develop laneway suites. The first allows for a deferral of development charges for 20 years, while the second provides a forgivable loan for property owners who agree to rent out their laneway suites at an affordable rate for 15 years.

Are you thinking of adding a laneway home on your property, or building or renovating an infill home? Laneway and infill building projects come with their own unique challenges when it comes to zoning requirements, design considerations and construction techniques. Your best bet is to work with a professional RenoMark renovator or custom homebuilder who can guide you through the process. To find one in your area, visit renomark.ca.

Making sure we have enough housing for the 9.7 million people who will call the GTA home by 2041 is a generational challenge. We need innovative solutions — laneway and infill homes among them — to meet it.

David Wilkes is President and CEO of the Building Industry and Land Development Association (BILD), the voice of the home building, land development and professional renovation industry in the GTA.

For the latest industry news and new home data, follow BILD on Twitter, Facebook, BILD’s official blog.


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Plan Ahead: BILD president shares insider tips to ensure your renovation comes up roses

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Plan Ahead: BILD president shares insider tips to ensure your renovation comes up roses

Like thousands of people in the GTA every year, I just had a major renovation completed on my home. It was a great way to make sure that my home meets the changing needs of my family, and that it is updated with features and designs that match our current tastes. In doing so, I experienced first-hand the benefits of using a professional renovation contractor, and putting into practice what the Building and Land Development Association (BILD) and its RenoMark renovators recommend to all their clients.

By following our own recommendations, I didn’t experience any nightmare scenarios that unfortunately, are more common than anyone would like to think. The end result was fabulous, the project was finished on time and on budget, and while most renovations often have some bumps in the road, the process went relatively smoothly.

Here are some of our top tips:

  • Spend the time upfront to have a very clear picture of what you want to achieve. Know your budget, and make a list of must-haves and nice-to-haves. Chances are, as you proceed with your renovation, you will likely have to make some trade-offs between what you want and what you can afford.
  • Choose your renovation contractor carefully. Interview at least three. If you don’t know where to start, you can find a list of RenoMark renovators on the RenoMark.ca website with renovators in your city from coast to coast. The benefit of using a RenoMark member is that they are professionals, they carry all the applicable licenses and insurance coverages (including WSIB). Also, they will always provide a written contract, provide a two-year warranty on their work and continually upgrade their skills with ongoing education provided by the local home builder’s associations (HBA).
  • When interviewing potential renovation contractors, make sure that they understand your vision for the renovation and are able to work with you to fine-tune your project. Ask for references from previous clients and check them! Don’t just be satisfied with pretty pictures and a snazzy brochure. If they are not a RenoMark renovator, ask them to provide evidence of insurance and workers compensation coverage, ask about their warranty coverage and ask if they are members of the local HBA. Insurance and WSIB coverage are important because if the renovator does not have coverage, you, as the homeowner, could be liable in the event of an accident on the job site.
  • Make sure you have a comprehensive written contract with the renovator. This will make sure you get the renovation you want, and protects you in the event something goes wrong. Check our website for tips that outline some of the most common terms and features you will want to make sure are included in your contract.
  • As the renovation progresses, make sure to stay in regular contact with your renovation contractor. Book regular progress meetings. Changes are bound to occur with the project as you are working with an existing, and sometimes older, structure or home. When you do make changes, make sure to document them with your contractor in a change order.

Fortunately, my overall experience was a very positive one. I worked with a professional and was very happy with the end results. Remember: you wouldn’t hire someone off the street to repair your car; you would go to a licensed mechanic, so why would you risk the biggest investment of your life, your home, to a nonprofessional just to save a few dollars?

David Wilkes is President and CEO of the Building Industry and Land Development Association (BILD), the voice of the home building, land development and professional renovation industry in the GTA.

For the latest industry news and new home data, follow BILD on Twitter, Facebook, BILD’s official blog.


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GTA new home sales continue stronger upward trend in April

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GTA new home sales continue stronger upward trend in April

The GTA new home market saw continued momentum in April, as prices remained relatively flat and condominium inventory increased, according to the Building Industry and Land Development Association (BILD).

Total new home sales, with 3,853 new homes sold, were up 123 per cent from last year, and about even with the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.

Single-family growth

There were 800 new single-family homes sold in April, including detached, linked and semi-detached houses and townhouses, up from last April’s low of 443, but still 50 per cent below the 10-year average. This is the sixth month in a row that new single-family home sales have increased year-over-year. Sales of new condominium apartments in low-, medium- and highrise buildings, stacked townhouses and loft units, with 3,053 units sold, were up 137 per cent from April 2018 and 37 per cent above the 10-year average.

“The last two months have seen stronger new home and condominium sales in the GTA after a sub-par April in 2018,” says David Wilkes, BILD president and CEO. “There seems to be a resiliency in the market as new-home buyers are coming off the sidelines.”

“Both builders and buyers stepped up their game in the new condominium apartment market in April,” adds Patricia Arsenault, Altus Group’s executive vice-president, Data Solutions. “The number of units in new projects launched, and the number of sales, were well above the April average of the past 10 years. While it is still too early to call the market as being on the upswing, the stronger showing in April is encouraging.”

Price growth

The benchmark prices of both single-family homes and condominium apartments moderated slightly compared to the previous month. The benchmark price of new single-family homes was $1.12 million, up slightly at 0.3 per cent over the last 12 months, while the benchmark price of new condominium apartments was $758,585, up 2.5 per cent over the last 12 months.

Remaining inventory in April included 13,707 condominium apartment units and 4,580 single-family homes. Remaining inventory includes units in preconstruction projects, in projects currently under construction and in completed buildings.

RELATED READING

GTA new home market shows encouraging signs in March

GTA new home sales begin 2019 on a positive note

 

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Planning a renovation?

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Planning a renovation?

Like thousands of people in the GTA every year, I just had a major renovation completed on my home. It was a great way to make sure that my home meets the changing needs of my family and also updating features and designs to meet our current tastes. In doing so, I experienced first hand the benefits of using a professional renovation contractor and of practising what the Building Industry and Land Development Association (BILD) and its RenoMark renovators recommend to all their clients.

By following our own recommendations, I didn’t experience any nightmare scenarios that unfortunately are more common than anyone would like. And the end result was fabulous, the project was finished on time and on budget, and while most renovations often have some bumps in the road the process went relatively smoothly.

HERE ARE SOME OF OUR TOP TIPS:

1. Spend the time upfront to have a very clear picture of what you want to achieve. Understand your budget and have a list of must-haves and nice-tohaves. Chances are as you proceed with your renovation you will likely have to make some trade-offs between what you want and what you can afford.

2. Choose your renovator contractor carefully. Interview at least three. If you don’t know where to start, you can find a list of RenoMark renovators on the RenoMark.ca website with renovators in your city from coast to coast. The benefit of using a RenoMark member is that they are professionals, they carry all the applicable licenses and insurance coverages (including WSIB), they will always provide a written contract, provide a two-year warranty on their work and continually upgrade their skills with ongoing education provided by the local home builder’s associations (HBA).

3. When interviewing your renovation contractor, make sure they understand your vision for the renovation and are able to work with you to fine-tune your project. Ask for references of previous clients and check them! Don’t just be satisfied with pretty pictures and a snazzy brochure. If they are not a RenoMark renovator, ask them to provide evidence of insurance and workers compensation coverage, ask about their warranty coverage and ask if they are members of the local HBA. Insurance and WSIB is important because if the renovator does not have coverage, you as the homeowner could be liable in the event of an accident on the job site.

4. Make sure you have a robust written contract with the renovator. This will make sure you get the renovation you want and protects you in the event something goes wrong. Check our website at renomark.ca for tips that outline some of the most common features you will want to make sure are included in a contract.

5. As the renovation progresses, make sure to stay in regular contact with your contractor. Book regular progress meetings. Changes are bound to occur with the project as you are working with an existing and sometimes older structure or home. When you do make changes, be sure to document them with your contractor in a change order.

My overall experience was a very positive one. I worked with a professional and was very happy with the end results. Remember, you wouldn’t hire someone off the street to repair your car; you would go to a licensed mechanic. Why would you risk the biggest investment of your life, your home, to a non-professional just to save a few dollars?

Dave Wilkes is president and CEO of BILD (Building Industry and Land Development Association), and can be found on:

Twitter.com/BILDGTA

Facebook.com/BILDGTA

YouTube.com/BILDGTA

and BILD’s official online blog: BILDBlogs.ca

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Savvy savings: Energy-efficient tips for your home that will ultimately save you money

Savvy savings: Energy-efficient tips for your home that will ultimately save you money

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Savvy savings: Energy-efficient tips for your home that will ultimately save you money

Your home may look the same as your neighbours’ home, but it may be costing you more money to maintain it. The assumption that all homes are created equal is not true. Within the GTA, there are homes that were built in the 1800s and have since been renovated 20 times or more. Let me help explain where you might be wasting money every month and provide you with some tips to help improve the energy efficiency of your home on your next home renovation.

Energy efficiency in your home is a combination of many different parts (electricity, heating, cooling, air leakage and insulation). Making your home more energy efficient in an integrated way can be very complicated and needs to consider all aspects of your home. You can start this process on your own with a few easy steps.

Electricity

Managing your electricity costs can be as simple as switching your light bulbs to LED. This alone can save you over 60 per cent of your lighting electricity use. You can go one step further and use newer light switches that have a dimming feature, occupancy sensor (it will turn the light off if you leave it on) and smart-home features. These light switches cost more upfront, but they will save you money in the long run – especially if you have a person in your home that always forgets to turn off the light when they leave the room!

Heating and cooling

Make sure that your thermostat is installed in a central location without anything blocking it. If you have a curtain or something else blocking the airflow around it, then it will not register the temperature in your home properly and lead to over-heating or over-cooling. Don’t forget to check the expiry date on your thermostat! Just like smoke detectors, there is a practical life expectancy for these devices. I suggest that after 10 years of use, you should consider replacing it.

As for the temperature setting, this is a personal preference. Some people like a warmer or cooler house, and control of that is completely up to you. But consider your temperature settings for when you are not at home, and adjust your temperature setting by 10 degrees Celsius. Your system won’t turn on when you don’t need it to, so this will save you money in operational costs and also increase the lifespan of your heating and cooling system. A Smart thermostat allows you to return your home to a comfortable temperature, firing the system 30 minutes before you arrive.

Your passive choices

After addressing the more proactive things, like your thermostat settings and lighting systems, you should look at the passive parts of your home that are costing you money. Let’s look at air leaks. If the seals around windows and doors are leaking, then you are losing valuable heated or cooled air all the time. This can be fixed simply by replacing the gaskets or applying caulking. You can also eliminate air leakage and create a much better building envelope by rebuilding old exterior walls – integrating a well-detailed air and vapour retarder and adding insulation to create a more comfortable living space.

Using a professional renovator to help guide you through the process of making your home more energy efficient will help save you money. Always remember to obtain a detailed contract and get building and electrical permits when they are required, this will protect you and ensure that the work is completed according to code.

David Wilkes is President and CEO of the Building Industry and Land Development Association (BILD), the voice of the home building, land development and professional renovation industry in the GTA.

For the latest industry news and new home data, follow BILD on Twitter, Facebook, BILD’s official blog.


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Top Honours for BILD Renovation and Custom Home Awards

Top Honours for BILD Renovation and Custom Home Awards

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Top Honours for BILD Renovation and Custom Home Awards

by Dave Wilkes

On the opening day of the National Home Show, the GTA’s top renovators and custom-home builders were recognized by the Building Industry and Land Development Association (BILD) at its annual Renovation and Custom Home Awards, which took place on March 8th at the AllStream Centre.

Created by BILD in 1999, the awards program recognizes renovation general contractors for professionalism, quality of work and industry leadership. Nominees are evaluated by a team of industry professionals. The Renovator of the Year award, which recognizes the renovator who sets the standard for the rest of the sector in leadership and commitment to customer service and contribution to the overall image of the renovation industry, is also decided based on survey results from clients.

This year, the Renovator of the Year award was presented to Golden Bee Homes.

“Golden Bee Homes’ clients speak highly of the excellence of the company’s work as well as their professionalism, customer service and courtesy,” says Justin Sherwood, BILD’s vice-president of communications and stakeholder relations and RenoMark program manager. “Owner Jack Torossian gives back generously to the industry as the Chair of BILD’s Renovator and Custom Builder Council and volunteers as a presenter for our renovation seminars for consumers.”

Best Bathroom Renovation was awarded to All Angles Renovation Ltd. for truly customizing their client’s space by using the space efficiently. There is plenty of natural light in the washroom with a window next to the tub and a skylight in the shower.

The Best Kitchen Renovation went to Binns Kitchen + Bath Design. The kitchen has a unique style application and incorporates an avant-garde range hood. The use of the space and the creativity tie all the elements together. Another unique aspect of this kitchen is a stove wall that includes upper cabinets unconnected to the ceiling.

Best Renovation (no addition) under $150,000 went to Alair Homes – Aurora/Newmarket for a major home transformation and upgrade on a modest budget. The kitchen was relocated to achieve a very functional cooking environment, while opening up the remaining spaces, significantly increasing natural light.

The Best Renovation (no addition) over $250,000 went to Bachly Construction for a stunning wine cellar. Extensive thought and creativity are evident in this design and the renovation, from the logistics of excavation to the creativity of using a drawbridge which provides access to portions of the wine wall.

The newly created Best Innovative Renovation award went to Kinswater Construction for creating a simple and timeless space, while incorporating the client’s ancestral heritage into the project. The renovator overcame structural and layout obstacles to create a functional layout that is truly original.

SevernWoods Construction was presented with the Best Custom Home award for creating a modern, but warm and inviting home. The materials chosen, like the use of local stone on the exterior and interior, help to achieve a good balance within the neighbourhood.

“This year’s winners exemplify the quality, innovation, creativity and integrity that homeowners can expect when working with professional RenoMark renovators and custom builders,” says Sherwood.

All award winners are members of the national RenoMark program, which connects homeowners with professional renovators who have agreed to abide by a renovation-specific Code of Conduct.

BILD would like to congratulate all the winners and finalists.

Contact information for all RenoMark renovators as well as a complete list of the winners can be found on their website.


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Great Gulf, Homebuilder of the Year, Lowrise

GTA’s top homebuilders and projects honoured at 39th Annual BILD Awards

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GTA’s top homebuilders and projects honoured at 39th Annual BILD Awards

Great Gulf, BILD Awards Homebuilder of the Year, Lowrise
Great Gulf, BILD Awards Homebuilder of the Year, Lowrise

Great Gulf and Tridel were among the big winners at the recent 39th Annual BILD Awards, as the Building Industry and Land Development Association (BILD) recognized the top builders and developers, projects and marketing initiatives in the industry.

Builders of the Year

Great Gulf earned the distinction of Lowrise Builder of the Year, while Tridel won for Mid/Highrise Builder of the Year.

Tridel, BILD Awards Homebuilder of the Year, Highrise
Tridel, BILD Awards Homebuilder of the Year, Highrise

The awards honour achievements in planning, design, sales, marketing and city building in 40 categories. A group of 41 expert judges from across North America determined the winners from 850 submitted entries.

Lifetime Achievement Award

Edward Sorbara, principal with the Sorbara Group of Companies, was presented with BILD’s Lifetime Achievement Award, recognizing his 52 years of leadership in the building and land development industry.

Edward Sorbara, right, principal with the Sorbara Group of Companies, is presented with BILD’s Lifetime Achievement Award by BILD President David Wilkes
Edward Sorbara, right, principal with the Sorbara Group of Companies, is presented with BILD’s Lifetime Achievement Award by BILD President David Wilkes

Stephen Dupuis Humanitarian Award

Tridel also took home the Stephen Dupuis Humanitarian Award for the company’s unique approach to corporate social responsibility. The founding families and every Tridel employee takes pride in the fact that the Tridel brand is synonymous with integrity, quality, customer service, innovation and sustainability.

People’s Choice Award

The coveted People’s Choice Award, determined by members of the public through online voting, was awarded to Aoyuan International for its M2M development. Aoyuan’s vision for M2M is a condominium community that supports and encourages a healthy urban lifestyle, while providing living options that make it easy for families to raise children in the city. The master plan includes more than 1,500 new residences, a community centre and a daycare.

“The People’s Choice Award is a unique honour because it is the public that decides the winner,” says BILD President and CEO Dave Wilkes. “Over 5,200 people cast votes for projects that competed for the best in city building. These projects demonstrate how the industry is providing a wide range of housing options for home buyers in GTA.”

Best New Planned Community

Lakeview Community Partners Ltd. won Best New Planned Community for Lakeview Village. Lakeview Village reconnects the community through a diverse mix of build forms for different uses, including residential, cultural, institutional, commercial and retail. Lakeview will repurpose brownfield land that was once home to the Ontario Power Generation Station in Mississauga.

Lowrise Project of the Year

The Lowrise Project of the Year went to Treasure Hill Home Corp. for its Charbonnel development near De La Salle College in Toronto, while Urban Capital Property Group, M3 Condos, in Mississauga was selected as the Mid/Highrise Project of the Year.

Best Highrise Building Design

Best Highrise Building Design went to Lanterra Developments for 50 Scollard. The project boasts contemporary architecture from Norman Foster and interiors by Toronto-based Italian designer, Alessandro Munge, and an incomparable location in the heart of Yorkville.

Best Midrise Building Design

Alterra Group of Companies and Graywood Developments Ltd. won the award for Best Midrise Building Design for Wonder Condos. Wonder is one of the last of its kind in Toronto, a landmark address that will house heritage lofts, condos and townhouses. Wonder is built on the site of the former Weston Bakery on Eastern Avenue.

Best Overall Marketing Campaign

The award for Best Overall Marketing Campaign went to the team of Empire Communities and Pureblink for their campaign for Empire Phoenix.

For a complete list of award recipients, visit bildawards.com.

RELATED READING

BILD names finalists for 39th annual BILD Awards

GTA’s top builders and projects honoured at annual BILD Awards

 

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GTA new home market shows encouraging signs in March

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GTA new home market shows encouraging signs in March

CL June 19 News BILD

The GTA new home market continued to show some encouraging signs in March, according to the Building Industry and Land Development Association (BILD).

Total new home sales, with 2,314 new homes sold, were up 20 per cent from last year, though still 36 per cent below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence. There were 886 new single-family homes sold in March, including detached, linked and semi-detached houses and townhouses, up from last March’s low of 295, but still 38 per cent below the 10-year average. This is the fifth month in a row that new single-family home sales have increased year-over-year.Sales of new condominium units in low-, medium- and highrise buildings, stacked townhouses and loft units, with 1,428 units sold, were down 13 per cent from March 2018 and 34 per cent below the 10-year average.

Broader availability

“The desire to own a new single-family home never went away, but many would-be buyers have been taking a wait-and-see approach in the past two years,” says Patricia Arsenault, Altus Group’s executive vice-president, Data Solutions. “While the affordability of single-family homes in general remains a challenge, the broader range of product at more favourable price points that is starting to emerge has attracted some of these buyers into the market.”

The benchmark prices of both single-family homes and condominium apartments moderated slightly compared to the previous month. The benchmark price of new single-family homes was $1.12 million, down 7.6 per cent over the last 12 months, while the benchmark price of new condominium units was $780,839, up 5.1 per cent over the last 12 months.

Affordability still an issue

“Despite the recent slight moderation in new home prices, affordability is an issue for many people in the GTA, as we have learned from our Building Answers campaign, which encourages residents to ask questions about development,” says David Wilkes, BILD president and CEO. “Affordability will continue to be a challenge until structural remedies are introduced to fix the GTA’s housing supply shortage. It is clear that we all – industry, government and public – need to look for ways to build more housing faster and to mitigate unnecessary delays and costs on new housing.”

Remaining inventory in March included 11,744 condominium units and 5,054 single-family homes. Remaining inventory includes units in preconstruction projects, in projects currently under construction and in completed buildings.

 

March new home sales by municipality

Condominium units Single-family homes Total
Region 2019 2018 2017 2019 2018 2017 2019 2018 2017
Durham 35 14 188 173 66 209 208 80 397
Halton 70 64 110 107 59 296 177 123 406
Peel 84 99 197 307 126 366 391 225 563
Toronto 953 1,081 3,628 88 5 93 1,041 1,086 3,721
York 286 382 442 211 39 372 497 421 814
GTA 1,428 1,640 4,565 886 295 1,336 2,314 1,935 5,901

Source: Altus Group

RELATED READING

GTA builders launch public awareness campaign

New single-family home sales in the GTA jump in February

Development in the GTA

 

 

 

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Should I renovate or rebuild?

Should you renovate or rebuild?

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Should you renovate or rebuild?

The beginning of spring offers a sense of renewal; I know it does for me. The warmer weather often has many of us thinking of spring cleaning, home improvement or a home renovation. If you are thinking of a renovation, you can choose to renovate your kitchen or bathroom, or be bold and add an addition to your home. Adding square footage not only enhances the enjoyment of your home, but can increase the value of your property.

When you embark on a large renovation project to add more space, you should ask yourself if you require an addition or a complete re-build. There are many things that need to be considered when making this decision, such as your budget, the state of your existing home and regulatory approval processes.

Reasons to do an addition to your existing home

  • If you are only looking to add a little more floor area, you may want to extend the rear of the house to help make your ground floor living area larger. A small and simple addition is a practical way of creating more space.
  • If you want to add a second storey to your bungalow, and the structure can handle the additional load, building a simple vertical addition can avoid costly work like a new foundation.
  • Heritage, conservation or site density regulatory restrictions may mean that it is impossible to tear down your home and build a new one, so therefore your only choice is to renovate the existing structure.

Reasons to demolish and build a new home

  • The structure isn’t strong enough to handle a second floor addition. A lot of older bungalows are built with very little structure on the ground floor. This would include exterior walls that don’t meet today’s building standards. In this case, you would have no choice but to undergo a costly and invasive structural upgrade, or build new.
  • The quality of your existing home may become too costly to repair. When a home has undergone a series of renovations, there may be a number of construction challenges to be dealt with before creating the new envelope. There is the possibility of illegal or non-conforming work that will need to be brought up to current building code requirements. Other considerations are a damp basement, the state of services (water, sanitary, and hydro) to the home, or general quality of existing finishes.
  • The layout of the house you want is dramatically different from the one you currently have. There is a tipping point where the amount of work to create new or different layouts overwhelms the savings of working with an existing one. Working with an existing structure generally means losing the opportunity for higher ceilings or a fresh start on floorplans. It can quickly become more favourable to build a new home.
  • A strong factor in the matrix of evaluators for decision making is location. Aside from the amount of work or time commitment, staying in the same place may feel right for you.

I encourage you to visit renomark.ca and educate yourself on the RenoMark Code of Conduct that gives homeowners peace of mind. RenoMark renovators must abide by the RenoMark Code of Conduct. It requires renovators to offer a minimum two-year warranty on all work, carry a minimum of $2 million in liability insurance and provide a detailed written contract.

David Wilkes is president and CEO of the Building Industry and Land Development Association (BILD), the voice of the home building, land development and professional renovation industry in the GTA.

For the latest industry news and new home data, follow BILD on Twitter, Facebook, BILD’s official blog.


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GTA new home sales

GTA new home sales begin 2019 on a positive note

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GTA new home sales begin 2019 on a positive note

GTA new home sales

Sales of new homes in the GTA in January showed a moderate increase from last year, the Building Industry and Land Development Association (BILD) reports.

A total of 1,362 new homes were sold in January 2019, up 14 per cent from those sold in January of last year, according to Altus Group, BILD’s official source for new home market intelligence.

Encouraging start

“I wouldn’t necessarily call this a strong start to the year,” David Wilkes, BILD president and CEO, told HOMES Publishing. “Yes, January is historically a slow month for new home sales, and we are encouraged by the modest improvement from January 2019 over 2018. However, low new home sales numbers continue to indicate that more needs to be done to make homeownership easier for new homebuyers.”

January’s sales of new single-family homes, including detached, linked and semi-detached houses and townhouses (excluding stacked townhouses),with 420 single-family homes sold, were still low from a historical perspective, down 53 per cent from the 10-year average. Sales of new condominiums, including units in low-, medium- and highrise buildings, stacked townhouses and loft units,were only five per cent lower than the 10-year average, with 942 units sold.

Brighter outlook

“This year is starting off on a positive note,” says Patricia Arsenault, Altus Group’s executive vice-president, Data Solutions. “The improvement in new home sales over last January is consistent with our outlook for somewhat higher annual sales in the GTA this year, following the drop in 2018.”

Benchmark prices of new homes continued recent trends, with the benchmark price of single-family homes moderating slightly to $1.13 million in January from December 2018, down 8.1 per cent over the last 12 months. The condo benchmark price increased from last month to $803,638, up 12.5 per cent over the last 12 months.

With little new product coming into the housing market in January, remaining inventory decreased slightly from last month, to 15,530 units comprised of 10,364 condo units and 5,166 single-family homes. Remaining inventory includes units in preconstruction projects, in projects currently under construction and in completed buildings.

Government needs to act

“It looks like the market is starting to return to typical levels after a particularly difficult year,” adds Wilkes. “With the spring budget coming up, we are calling on the federal government to take steps to make it easier for first-time home buyers to get into the housing market.”

Wilkes says the federal government should look at reintroducing the 30-year amortization periods for first-time buyers and adjusting the stress test, now that interest rates have risen.

“We must also continue to look at ways to increase supply,” he told HOMES. “We continue to call on municipal and provincial governments to remove barriers to bringing new housing and employment lands to market to meet the demand for much needed places to live and work across the GTA.”

 

January new home sales by municipality

Region Condominium units Single-family Total
2019 2018 2017 2019 2018 2017 2019 2018 2017
Durham 30 13 28 46 82 190 76 95 218
Halton 29 38 112 231 172 154 260 210 266
Peel 105 86 203 77 30 211 182 116 414
Toronto 724 605 982 5 8 36 729 613 1018
York 54 83 319 61 81 170 115 164 489
GTA 942 825 1,644 420 373 761 1,362 1,198 2,405

Source: Altus Group

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