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by Paul Golini: Chair, BILD

 

 

Time to jump into the market?

I read an article on the weekend that was written by a lawyer, who has worked in the real estate industry for 28 years, and in his first line he said he believes there has never been a better time to buy a home.

That sure got my attention.

And I agreed with all of his points: low mortgage rates have opened the door for many first-time and single homebuyers to take the plunge; in Canada, the banks have our backs, not lending homeowners more than they can handle; and evidently, the GTA condo boom has provided an affordable choice for homeownership.

This really is a great time to buy, and it's a great time to buy a new home, whether it's a condominium suite, a townhome or a single-detached house.

In addition to the above reasons, a new home also comes with the ability to personalize and choose the features in your space. My favourite is the natural light and comfort you get thanks to larger energy efficient windows, but with the design and construction of new homes today, you're bound to reap the benefits of a number of energy efficient features.

A new home also comes with consumer protection packaged in a comprehensive mandatory new home warranty, which covers everything from your deposit to delayed closings to workmanship and major structural defects. To find out more visit www.tarion.com.

Advocating for future home buyers is a huge part of what we do at BILD. We are not only the voice of the building and land development industry, but of our consumers as well. We have been at the table as changes to the Ontario Building Code, with respect to energy efficiency, were being hammered out, and we are at many different tables discussing affordable housing with our municipal and provincial partners, as well as with sister agencies and association. We want you to have confidence in our industry whenever you're ready to jump into the market.

Paul Golini Jr. is Chair of the Building Industry and Land Development Association (BILD). You can read more from Paul and BILD by visiting the Association's official blogTwitterFacebook and Youtube accounts.