With all the recent government action on spurring new home construction and making it more affordable to buy, as well as incredible deals to be had, I have written that right now we are experiencing a buyer’s market. The HST rebate is definitely breathing new energy into new construction, and at Baker we have noticed an increase in traffic and sales. Savvy buyers are finding great opportunities to buy into desirable locations with an HST rebate for up to $130,000 on closing. The governments’ efforts to streamline approvals processes are also critical to affordability. The Canada-Ontario Partnership to Build makes it possible for municipal development charges to be reduced by up to 50 per cent for three years.

Sustainability and energy efficiency

There is more good news, as our builders and developers embody trends toward sustainability and energy efficiency. These trends help to keep utility costs down, increase resale value and make new homes more resistant to climate changes, and – and with the way our weather patterns are changing, this is important.

One example of this trend is modular construction. Although people tend to think of this type of construction for low-rise homes, it is also being adapted to mid- and high-rise residential buildings. When designed to be constructed in modules either on site or elsewhere, construction on these dwellings can progress all year round, even when the weather is inclement. It is also easier to keep the quality control standard high across the product, as construction is done in an indoor, temperature-controlled factory environment. Labour costs are fewer, and by constructing off site in that controlled environment, the process is safer for workers. In addition, automation helps to address the shortage of skilled labour in Ontario today. Plus, modular building is quicker and less prone to cost overruns. Obviously, this translates to lower selling prices.

Modular construction

Compared to onsite construction, which generates tremendous waste and carbon emissions, modular building off site minimizes these environmental effects. The modules can be constructed simultaneously while the building’s excavation and foundation are being completed, saving time. Models can be preconfigured for specific placement in their surroundings with energy efficiency a key consideration.

Flexibility is another aspect of modular construction. Some modular rooms can be decorated or even furnished before they are put into place in their buildings. If upgrades are added, elements can be changed while still in the factory. Higher-performance homes are also being designed to accommodate future technologies such as EV charging for vehicles. The demand for vertical living will never go away, so working toward more cost-effective construction practices in mid- and high-rise dwellings is key to increasing affordability for these buyers. What a great opportunity for first-time buyers and beyond.

Of course, as time goes on, builders and developers find more ways to accommodate changing consumer needs and trends. After decades of open-concept designs, the trend toward more cozy and flexible spaces, especially in condominiums, is rising. For example, a room can go from being closed off to open and party worthy with a movable wall. With condo suite sizes being compact, incorporating more storage space such as floor-to-ceiling cabinets is also popular.

Smart home technology is advancing in leaps and bounds as well, with climate controls and even lighting contributing to comfort. Human-centric lighting, for example, changes colour and brightness to mimic natural sunlight, accommodating the body’s internal clock. This can improve the quality of sleep and even spur productivity, depending on the time of day.

Builder incentives

When it comes to features and finishes in new houses and condos, an interesting return to colour is seeing warmth emphasized, with shades of terracotta and olive replacing greys and whites. Stone, wood and other tactile textures help to keep residential spaces feeling grounded in nature.

Whatever your needs and wants in a new home, now is a great time to shop around. Find out what incentives builders are offering. Think about the future and whether the new houses or condominiums you’re considering are poised to handle changes effectively. Ask about modular construction and what sustainability efforts the builders are embracing. Keep in mind the entire time the benefits of buying new, including a substantial warranty. I have recommended many times to buy new and buy now.