Builders are so greedy taking advantage of the housing market right? Well let’s go through the numbers to find out. Land Costs: 20-25% Soft Costs (planning, permits, marketing): 12-20% Construction Costs: 35-45% Development Fees: 22-27% Understanding these factors helps clarify why condo prices are what they are and why developers can't always offer substantial discounts. For more insights and opportunities in the Toronto real estate market, drop us a follow. #realestate #gtarealtor #torontorealestate #dreamhome #condo #house #lease #investment #preconstruction #assignment #resale
The Zadegan Group’s Post
More Relevant Posts
-
Follow us for all the latest Real Estate News & Analysis New construction is becoming even more important in today's housing market. Since the supply of homes available for sale is still lower than normal, newly built homes can be a game changer because they give you more options for your search. DM me so you have a local expert to help you explore all the options in our area. #inventory #newconstructionhomes
To view or add a comment, sign in
-
In a city like Sydney, where land prices have tripled since 2010, making the most of your property’s potential is key to maximising its value. One effective way to do this is through a duplex build. Constructing two homes on a single block gives you an opportunity to significantly boost the value of your land, whether you plan to rent, sell, or live in one side while leasing the other. Find out why building a duplex can be a smart financial move and why it’s increasingly popular in Sydney’s tightly held real estate market. #duplexbuilder #duplex #sydneyproperty #DixonHomesSydney https://lnkd.in/geZcgV4N
To view or add a comment, sign in
-
New construction is becoming even more important in today's housing market. Since the supply of homes available for sale is still lower than normal, newly built homes can be a game changer because they give you more options for your search. DM me so you have a local expert to help you explore all the options in our area. #inventory #newconstructionhomes Message me about buying or selling real estate!
To view or add a comment, sign in
-
Stay current with the news! New construction is becoming even more important in today's housing market. Since the supply of homes available for sale is still lower than normal, newly built homes can be a game changer because they give you more options for your search. DM me so you have a local expert to help you explore all the options in our area. #inventory #newconstructionhomes Let's talk real estate!
To view or add a comment, sign in
-
New construction is becoming even more important in today's housing market. Since the supply of homes available for sale is still lower than normal, newly built homes can be a game changer because they give you more options for your search. DM me so you have a local expert to help you explore all the options in our area. #inventory #newconstructionhomes Message me if you have questions about real estate
To view or add a comment, sign in
-
11 markets that are highly active for apartment construction today, BUT might not be for long which could be a clue for faster-than-average rebounds out of the current supply-driven slowdown. In these 11 markets, multifamily building permits are back BELOW pre-COVID norms seen between 2015-2019. There are some interesting surprises here. https://lnkd.in/gSFpezNf #multifamily #supply #demand
To view or add a comment, sign in
-
Buying a fixer-upper can be an exciting adventure, but it's essential to weigh the potential risks alongside the rewards. Here's what to consider: 🔨 Unexpected Costs – Renovations often come with hidden expenses. It's common to uncover issues that require additional budget, so planning for contingencies is key. ⏳ Time Commitment – Fixer-uppers can be time-intensive projects, requiring a commitment to managing contractors, timelines, and sometimes delays. 💡 Financing Challenges – Some homes in need of major work may not qualify for standard financing, requiring special loans or more cash up front. On the upside, a fixer-upper offers the chance to create a home tailored to your style and can be a smart investment if done right. Curious if a fixer-upper is a good fit for you? Let's talk through your options! 📞 Call me at (510) 502-2063 or email me at raynepalmer@comcast.net to get started. #FixerUpperRisks #HomeRenovationTips #RealEstateAdvice #BayAreaRealEstate #SmartInvestment #HomeBuyingJourney #ProjectHome #RealEstateDecisions #BayAreaLiving #RaynePalmer
To view or add a comment, sign in
-
Rents expected to rise as multifamily construction slows..... #HousingMarket #HomeSales #BuyersMarket #RealEstate #luxuryhomes #realestateinvesting #realestatelife #Realty #houseforsale #justlisted #kellerwilliams #SteveFordrealestate
To view or add a comment, sign in
-
🏢Investors own 65% of small Toronto condos! 🤏🏼Small condos being 600 sq ft or less. ⬇️Investors only owned 44% of units that were larger than 800 sqft. 💰This unequal ownership is due to the fact that investors are the main purchasers of pre-construction condos allowing developers to secure financing for the project. And projects need to be 70% sold before construction begins. 📉Since investors fund projects, their desires sway what’s built so the rent per square foot of living area tends to be higher for smaller units, which are the type of units investors look for. Because of this preference, condos have been shrinking over time. 📊Lately, investors haven’t been as interested in pre-construction condos as previous years because of the low demand and high interest rates. ❌This has lead to more projects being delayed or cancelled since investors are the number one consumer for pre-construction condos. 👎🏼Unfortunately, this will add to our supply crisis in the future. #simmiminhas #soldbysimmi #firsttimehomebuyer #firsttimebuyer #fthb #homes #condos #buyingahome #realestate #realtor #torontorealestate #greatertorontoarea #realestateagent #realtorsofinstagram #investor #investment #preconstruction #precon #developer #builder
To view or add a comment, sign in
-
🔍 𝗧𝗼𝗿𝗼𝗻𝘁𝗼 𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝗖𝗼𝘀𝘁𝘀 𝗦𝗸𝘆𝗿𝗼𝗰𝗸𝗲𝘁 𝗢𝘃𝗲𝗿 𝟳 𝗬𝗲𝗮𝗿𝘀 🔍 The cost of building in the Toronto area has seen a dramatic rise from Q2 2017 to Q2 2024. Here’s a snapshot of the percentage increases: - 𝗗𝗲𝗺𝗼𝗹𝗶𝘁𝗶𝗼𝗻: +9.61% - 𝗖𝗼𝗻𝗰𝗿𝗲𝘁𝗲: +127.24% - 𝗠𝗮𝘀𝗼𝗻𝗿𝘆: +130.84% - 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗮𝗹 𝗦𝘁𝗲𝗲𝗹 𝗙𝗿𝗮𝗺𝗶𝗻𝗴: +154.77% - 𝗣𝗹𝘂𝗺𝗯𝗶𝗻𝗴: +44.93% - 𝗛𝗩𝗔𝗖: +25.76% - 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗮𝗹: +11.23% - 𝗪𝗼𝗼𝗱, 𝗣𝗹𝗮𝘀𝘁𝗶𝗰𝘀, 𝗮𝗻𝗱 𝗖𝗼𝗺𝗽𝗼𝘀𝗶𝘁𝗲𝘀: +288.57% As construction costs continue to climb, real estate prices—especially in the condo market—are heading in the opposite direction. This mismatch is creating serious challenges for everyone involved in the industry. #ConstructionIndustry #RealEstate #Toronto #BuildingCosts #CondoCrisis
To view or add a comment, sign in
290 followers