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Thorold

Innisfil

Grimsby

Mississauga

Calgary

<span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">It's been heard that several new apartment buildings, a municipal plaza and other upgrades could come to <a href="https://homebaba.ca/brampton" style="text-decoration:none;"><span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#0000ff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Brampton’s</a><span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> Bramalea City Centre. <span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The Residential rental apartment is said to be brought up by The development company Morguard Corp. which intends to demolish part of the mall to make way for new apartment buildings, a parking garage and a whole host of new amenities. <span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The redevelopment project could include the demolition of the now-closed Sears department store in Bramalea town center to create space for four rental apartment buildings, a commercial building and an urban plaza for 1,000 new units and about 650 square meters of new commercial space, according to a proposal to the city.<img src="https://api.homebaba.ca/media/django-summernote/2022-09-19/6cd6414d-5636-42e4-b1de-d40d9db45ab7.webp" style="width: 698px;"><span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> <span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The proposal also includes a two-storey underground parking structure which would accommodate 360 parking spaces, and the development would also share the shopping mall’s existing parking garage for a total target parking rate of approximately 0.7 parking spaces per unit. <span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Architects ARK-Petroff are leading the redesign of Bramalea’s town center for co-owners Morguard Corporation and BCC Equities Inc. and could align with the city’s plans to relocate Peel Center Drive and improve infrastructure within the Dixie Tributary, which is the runs down the western part of Bramalea the grounds of the mall. <span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The proposal is currently under review by the city’s planning and development department and would occupy approximately 3 acres of the mall’s 80 acres. <span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">( Source: <a href="https://www.insauga.com/new-condo-towers-could-be-coming-to-brampton-shopping-mall/?fbclid=IwAR0FOw1H8SXa9R1oNMqxzk3emJ-WJinRj_Quzf1UVcOBhGCtF4A1grhVg78" style="text-decoration:none;"><span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">https://www.insauga.com/new-condo-towers-could-be-coming-to-brampton-shopping-mall/?fbclid=IwAR0FOw1H8SXa9R1oNMqxzk3emJ-WJinRj_Quzf1UVcOBhGCtF4A1grhVg78</a><span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> ) <span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The Bramalea City Centre is a large shopping mall located in the city of <a href="https://homebaba.ca/brampton" style="text-decoration:none;"><span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#0000ff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Brampton</a><span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">, Ontario, Canada. With over 1.5 million square feet of retail space and more than 300 outlets, it is one of Canada's largest shopping malls. Regarded as a super regional mall, the Bramalea City Centre has a market of more than 500,000 residents and attracts 16 million visitors annually. <img src="https://api.homebaba.ca/media/django-summernote/2022-09-19/41cfe9cd-84ad-4f17-b18e-d6168be157ba.webp" style="width: 698px;"> <span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">If these rental apartment projects go ahead as planned, the tenants and residents can benefit from all the amenities available in walking steps to transit and the convenience of commuting and the proximity to highway&nbsp; 410 within minutes.

The Residential rental apartment is said to be brought up by The development company Morguard Corp. which intends to demolish part of the mall to make way for new apartment buildings, a parking garage and a whole host of new amenities.

New Residential rental apartment towers could come to the Brampton shopping center

<h1 style="line-height: 1.4;">Ontario Premier Doug Ford will override municipal zoning to allow more housing across Ontario, confidential document reveals</h1><h1 style="line-height: 1.4;"><img src="https://api.homebaba.ca/media/django-summernote/2022-10-21/8f5010d4-738d-4c37-889e-6907c0a55be9.jpg" style="width: 698px;"></h1><h1 style="line-height: 1.4;">The Ford government is expected to unveil a new piece of its housing plan next week.</h1><h1 style="line-height: 1.4;">According to <a href="https://www.thestar.com/politics/provincial/2022/10/20/doug-ford-will-override-municipal-zoning-to-allow-more-housing-across-ontario-confidential-document-reveals.html" target="_blank">The Star News Article </a>&nbsp;" Ontario Premier Doug Ford’s government will override local municipal zoning to allow duplexes and triplexes across Ontario as part of sweeping new housing legislation. "</h1><h1 style="line-height: 1.4;">The Progressive Conservatives want to “remove rules that prevent missing middle” housing — multi-dwelling units curbed by local zoning laws favouring single-family homes.</h1><h1 style="line-height: 1.4;">In legislation to be tabled when the house resumes Tuesday, the Tories will “accelerate planning” in a number of potentially controversial ways.</h1><h1 style="line-height: 1.4;"> </h1><h1 style="line-height: 1.4;">They will limit the role of conservation authorities to “commenting agencies” focused on preventing floods and other natural hazards rather than panels that residents have used to stall development.</h1><h1 style="line-height: 1.4;"></h1><h1 style="line-height: 1.4;">The province is expected to amend the Building Code to allow two- and three-unit homes in existing houses provided the same square footage is retained — so no extensions or additional floors without municipal permission.</h1><h1 style="line-height: 1.4;"><p style="margin-bottom: 1.25rem; padding: 0px; font-family: &quot;Roboto Slab&quot;; font-size: 15.75px; line-height: 1.4; text-rendering: optimizelegibility; overflow-wrap: break-word; color: rgb(1, 2, 18);">The legislation is also expected to include changes to development charges, which municipalities set and developers pay, to encourage construction, the same two sources said. Changes to how local heritage and conservation protections are applied to give the province more authority over them are also expected,&nbsp;these sources added.<p style="margin-bottom: 1.25rem; padding: 0px; font-family: &quot;Roboto Slab&quot;; font-size: 15.75px; line-height: 1.4; text-rendering: optimizelegibility; overflow-wrap: break-word; color: rgb(1, 2, 18);"> <div style="line-height: 1.4;">Ford previously announced his government would aim to build 1.5 million more homes in the next 10 years, which was a goal recommended by a government-commissioned housing task force report earlier this year to address soaring house prices.</div><div style="line-height: 1.4;"> </div><div style="line-height: 1.4;">Click the link to learn about all the new pre construction homes in <a href="https://homebaba.ca/mississauga" target="_blank">Mississauga</a>, <a href="https://homebaba.ca/toronto" target="_blank">Toronto </a>or <a href="https://homebaba.ca/calgary" target="_blank">Calgary</a>.&nbsp;</div></h1><h3 style="box-sizing: inherit; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; line-height: 1.4; color: rgb(0, 0, 0); margin: 0.83em 0px; overflow-wrap: break-word; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; vertical-align: baseline;"><a href="https://homebaba.ca/contact-us" target="_blank">Contact us</a>&nbsp;anytime at 647 527 4970 or email us at&nbsp;info@homebaba.ca&nbsp;if you have questions or would like to get connected to one of the pre construction expert agent to help you in finding a pre-construction condo for you and your family.</h3><h1 style="line-height: 1.4;"><div style="line-height: 1.4;"> </div></h1><h1 style="line-height: 1.4;"> </h1>

Premier Doug Ford will override municipal zoning to allow more housing across Ontario. Expecting plans to “streamline approvals” by removing barriers to building homes, such as duplication by regional governments.

Premier Doug Ford will override municipal zoning to allow more housing across Ontario

Ontario Preconstruction municipal zoning to allow more housing

<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Lots of small families and new immigrants are moving to Cities like Cambridge from big cities like Toronto.&nbsp;<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> <img src="https://api.homebaba.ca/media/django-summernote/2022-09-28/11d9e2a9-3693-4a47-8e1e-d8faf96b5515.jpg" style="width: 612px;"> <span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">A few reasons why people are moving to Cambridge <ol style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li dir="ltr" style="list-style-type:decimal;font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;" aria-level="1"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Close to nature, lots of Green and rivers and walking trails.</li></ol><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Cambridge is filled with natural beauty.&nbsp; There are rivers everywhere. One of the popular rivers, The Speed River joins the Grande River in Cambridge and the Grande goes right through the whole city. Because of this, there are plenty of trails and parks around which is awesome as I love the outdoors and being active. It's also just a great thing to go for a walk on a nice day as it is quite scenic. A good area is in downtown Galt known as Frank's (between the Cambridge - Paris trail and the Blair Road trail) where the bridges that Cambridge is well known for are. <ol style="margin-top:0;margin-bottom:0;padding-inline-start:48px;" start="2"><li dir="ltr" style="list-style-type:decimal;font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;" aria-level="1"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Cambridge is full of character, charm, liveliness&nbsp; and history.</li></ol><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Cambridge consists of&nbsp; 3 smaller towns known as Galt, Preston and Hespeler, and these cities date back all the way to the late 1700's /early 1800's! The townships came together in 1973 so it has 3 separate little downtowns full of history and lined with quaint little shops and cafes. Many of the houses are also over one hundred years old and full of character. <img src="https://api.homebaba.ca/media/django-summernote/2022-09-28/dcce4aa0-2487-44f2-ab13-cbcb192d5eb6.jpg" style="width: 698px;"> <ol style="margin-top:0;margin-bottom:0;padding-inline-start:48px;" start="3"><li dir="ltr" style="list-style-type:decimal;font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;" aria-level="1"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Cambridge is well connected to Highways</li></ol><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Cambridge is one of the cities that the 401 expressway runs through with 4 locations to merge on and 3 to merge off. Depending where in the city you live, the highway is likely nearby; anywhere from 2 to 10 minutes away. The farthest area from the highway would be South Galt which I believe would be 15-20 minutes from the highway. It's great for people who commute to Toronto that don't want to live in a big city, which leads me to my next point. <ol style="margin-top:0;margin-bottom:0;padding-inline-start:48px;" start="4"><li dir="ltr" style="list-style-type:decimal;font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;" aria-level="1"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Cambridge is affordable and transit is not as crazy as big cities.</li></ol><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">One of the reasons why lots of people move to Cambridge is the affordability. It is large enough a city to have all of the amenities you need in multiple locations for ease of accessibility, but not too large that it's annoying to drive and get around. Because it is smaller relative to other nearby cities, houses are priced relatively well even compared to our larger neighbor, Kitchener.&nbsp; <ol style="margin-top:0;margin-bottom:0;padding-inline-start:48px;" start="5"><li dir="ltr" style="list-style-type:decimal;font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;" aria-level="1"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Affordable homes compared to greater Toronto Area&nbsp;</li></ol><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Compared to the greater Toronto area, Cambridge is much more affordable if you compare apple to apple. If you are a first time home buyer looking to buy your first home, you may be priced out in Toronto because of the home prices. Cambridge is much more affordable if you are looking to purchase a home. There are plenty of detached, semi-detached, townhomes and condos available for sale in Cambridge.<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> <img src="https://api.homebaba.ca/media/django-summernote/2022-09-28/794451a4-fe2a-4555-af0f-3abb1667c23d.jpg" style="width: 698px;"> <span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">So if you are thinking of moving to <a href="https://homebaba.ca/cambridge" style="text-decoration:none;"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Cambridge</a><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> and want a calmer life, Cambridge Ontario is definitely a good place to consider moving to. <span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Are you looking to buy a New construction home ?<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Check out all the New Construction Detached homes, Townhomes and condos available in <a href="https://homebaba.ca/cambridge" style="text-decoration:none;"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#0000ff;background-color:transparent;font-weight:500;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Cambridge</a><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">.&nbsp;

Lots of small families and new immigrants are moving to Cities like Cambridge from big cities like Toronto.

Why are people moving out of Toronto to small cities like Cambridge, Ontario?

<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">These days you may have heard the term “Assignment Sale” a lot as it has become really popular amongst condo investors. Assignment Sales are defined as follows: The Assigning or Selling of your rights to purchase a property.&nbsp;<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">To clarify, you’re not actually selling the property. Since the Assignor (Seller) hasn’t taken possession yet (usually because it’s not built or has not registered yet), they are simply assigning the rights to the Assignee (Buyer).In layman's term, an assignment is when the original buyer of a pre-construction property (who signed a contract with the builder) sells their contract to someone else before the purchase closes. Essentially, the buyer takes over for the seller in the contract and pays the deposit plus appreciated value/profit.&nbsp;&nbsp;<span style="font-size:15pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:800;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">A few things to remember if you are Buying a contract :&nbsp;<ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li dir="ltr" style="list-style-type:disc;font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;" aria-level="1" role="checkbox" aria-checked="false"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">As a Assignee/Buyer you are not buying a property from Assignor, you are buying the “right” to acquire property from a 3rd party (usually a builder)</li><li dir="ltr" style="list-style-type:disc;font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;" aria-level="1" role="checkbox" aria-checked="false"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Assignor assigns its interest and rights in the Original Agreement with the Builder</li><li dir="ltr" style="list-style-type:disc;font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;" aria-level="1" role="checkbox" aria-checked="false"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">(or original seller)</li><li dir="ltr" style="list-style-type:disc;font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;" aria-level="1" role="checkbox" aria-checked="false"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Assignor assigns to the Assignee its interest in the original “deposit”</li><li dir="ltr" style="list-style-type:disc;font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;" aria-level="1" role="checkbox" aria-checked="false"><span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Assignee “assumes” and agrees to perform all of the Assignor’s obligations under the Original Agreement</li></ul>&nbsp;&nbsp;&nbsp;<span style="font-size:17pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:800;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">So Can I assign my contract any time ?&nbsp;<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Although you have the interest and rights on the property, you don't own it yet. the right to assign the APS is not automatic. At the very least it is contingent on the consent of the Builder. Keep in mind that some builders will allow the assignment at no cost while some will charge some assignment fee or at times no assignment is permitted. To ensure the right to assign is included in your pre-construction APS, it is very essential that you have the APS reviewed by a lawyer within the ‘cooling off’ period if the property is a condominium, or during a conditional period in the APS.

These days you may have heard the term “Assignment Sale” a lot as it has become really popular amongst condo investors. Assignment Sales are defined as follows: The Assigning or Selling of your rights to purchase a property.

Can I sell my pre construction condo unit or my new Detach house before closing

What is an Assignment Sale ? Can I sell my pre construction condo unit or my new Detach house before closing?

<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">As a buyer when you buy a pre-construction condominium you’ll be given two different dates: the interim occupancy date and the closing date. Interim occupancy is unique to pre-construction condos, and the process may be confusing to some, especially first-time homebuyers. Here’s your comprehensive guide on what to expect.&nbsp;<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">In pre-construction condos there are two types of closing:&nbsp;<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">1) Interim Occupancy<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">2) Final Closing.&nbsp;&nbsp;<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">However, once the PCOP has expired, you're no longer able to purchase a unit and will have to wait for the next phase of construction.&nbsp;<span style="font-size:16pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:800;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">What is Interim Occupancy?<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Interim occupancy is the period of time between the day you occupy your unit (move in) and the day you take ownership (close). One of the reasons for interim occupancy is to allow the builder to focus on the sold suites and some of the common elements before the building is registered.&nbsp;<span style="font-size:16pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:800;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Final Closing<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Final closing occurs once construction is complete and the developer is ready to register the condominium. Ownership is now transferred to the individual unit purchasers, and interim occupancy now ends. Homeowners are now able to secure a mortgage, rent or sell their suite; property management will also take over at this time.<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">A pre construction occupancy period is the time frame that a builder or their sales representative will give you when asking about purchasing a pre construction condo. It's important to know this information because it will help you figure out when you can move into your new pre construction home and what to expect during the construction process.&nbsp;<span style="font-size:16pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:800;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">What Are My Occupancy Fees Paying For?<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The monthly fees charged by the builder during interim occupancy include interest on the unpaid balance of your unit, contribution fees for common elements (not unlike maintenance fees) and estimated property taxes. For more details, refer to Section 80(4) of the Condo Act.&nbsp;<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:700;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">So, what happens to the occupancy fee I paid? Does it go towards paying my mortgage?<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Unfortunately Occupancy fees do not contribute towards your Mortgage. The money goes directly to the builder. Builders use the occupancy fees funds collected to recover the costs of trying to continue to sell unsold units and get the building running.&nbsp;<span style="font-size:13pt;font-family:Montserrat,sans-serif;color:#1a1a1a;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Also, one thing to keep in mind is that the builder doesn’t get any of your down payment until the building closes, so they have the incentive to have as quick of an occupancy period as possible. It's in their best interest to get their units sold and they can use the funds and move onto future projects.

As a buyer when you buy a pre-construction condominium you’ll be given two different dates: the interim occupancy date and the closing date.

Pre Construction Occupancy Period and Its Importance

What is a pre construction occupancy Period ? Why is it important for me ?

<span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">As we know the higher interest rates can affect the cost of borrowing, investment performance and savings rates. To help you understand the effect&nbsp; of Canada’s rising rates, please read below<span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> <img src="https://api.homebaba.ca/media/django-summernote/2022-08-25/92a121b8-d9cf-4d39-a83c-5d4bb3d35d2f.webp" style="width: 698px;"><span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> <span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">As of this writing ( August, 2022) Canada is now moving through a phase of increasing interest rates as the Bank of Canada (BoC) manages higher inflation and other factors in the economy. Since the interest rate rose at the beginning of March 2022 — the first time in four years — the changes have begun to impact Canadian households in a variety of ways. Some of them may surprise you. <span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">See below how the increasing interest rate affects your finances. <span style="font-size:19.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Mortgage Rates<span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Mortgage rates are often the first thing people think about once a rate hike has been announced. For both prospective buyers and existing homeowners, even a slight increase can have a significant impact over time. If you currently have a fixed-rate mortgage, you won’t feel the change right away. You’re still locked into the interest rate you negotiated at the beginning of your mortgage term and that rate won’t change until the term ends and it’s time to renew. <span style="font-size:19.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Inflation<span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Inflation measures how much the price for goods and services is rising, and it can be affected by a number of variables — including interest rates. When interest rates are very low, people tend to borrow and spend more which can disrupt the balance between supply and demand. When interest rates are higher, people tend to save more and spend less. Increasing the interest rate can therefore work to rebalance the economy, although it may also slow business activity for a period of time as both business and personal loans are impacted when rates rise. <span style="font-size:19.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Line of credit<span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">As the interest rate increases, the interest on your line of credit might also go up. As the cost of borrowing goes up it might have a ripple effect on your interest on Line of credit. Talk to your bank and see how the increase in interest rate will affect your interest on your line of credit. <span style="font-size:13.5pt;font-family:Montserrat,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Canadians are dealing with a lot right now. In the last two years, we’ve had to manage a worldwide pandemic, inflation and ongoing geopolitical uncertainty. Higher interest rates may feel like an additional burden. If you need help building a plan that addresses your financial concerns, a wealthy professional may be able to help.

As we know the higher interest rates can affect the cost of borrowing, investment performance and savings rates. To help you understand the effect  of Canada’s rising rates, please read below

Interest Rates are rising: How is it hurting your wallet?

There are many reasons why Real Estate activity in niagara seems to be growing and thriving more than ever. The&nbsp; improved GO Train and Via Rail service in the Niagara region is in the midst of several important infrastructural developments. For instance, the planned $10-million reconstruction of Drummond Road, slated for 2026. <img src="https://api.homebaba.ca/media/django-summernote/2022-08-05/0b8fe54b-6475-4934-96e6-20c7d8bbdbab.jpg" style="width: 698px;" class="img-fluid"> To add, <a href="https://homebaba.ca/niagara" target="_blank">Niagara</a> Region Public Health opened a new 21,500-square-foot facility last year. The new hospital replaced an existing facility that was only a third of the size. The center offers improved health services as well as job, residency, and volunteer opportunities to residents of the region. Planning for a brand new state-of-the-art hospital has also commenced and construction is slated for as soon as the fall of 2022. Lastly, and perhaps the most important, is the upcoming Niagara Falls Renewable Natural Gas plant, which is expected to be completed by the end of 2021. The $42 million facility will create jobs, stimulate regional economic development, and reduce greenhouse gas emissions in Canada. The Niagara Falls Renewable Natural Gas plant will be the largest of its kind in Ontario. <img src="https://api.homebaba.ca/media/django-summernote/2022-08-05/ee515141-b74d-40ac-9a6f-c8542e37b52d.jpg" style="width: 698px;" class="img-fluid" > <a href="https://homebaba.ca/niagara" target="_blank">Niagara</a> remains one of the most attractive destinations for real estate investors or someone who likes to live near the green and nature.&nbsp; If you are looking to purchase new construction homes near Niagara, <a href="https://homebaba.ca/contact-us" style="margin: 0px; padding: 0px; color: inherit;"><span style="margin: 0px; padding: 0px; font-size: 13pt; color: rgb(17, 85, 204); font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline;">Contact us today</a>.&nbsp; Niagara’s Housing scenario - Is it a good idea to invest in Real estate in the Niagara region? If you have paid attention in the past couple of years, Niagara real estate has been seeing increasing activities. The market is seeing the increase in upcoming reconstruction home projects across the Niagara area. Niagara’s housing prices are rising faster than ever due to increasing tourism, work from home for employees and more people getting fed up living in urban areas.&nbsp; Given the steepening state of demand for housing, meaningful supply is underway in the region, including a recently-opened affordable housing building for seniors in Welland, a high-rise on Carleton Street in St. Catharines, and an upcoming 73-unit project on Hawkins Street in Niagara Falls. Several upscale condo developments are also underway in the region.Further, according to a report via Statistics Canada, construction spending rebounded in the region in May. The same source cites that investments in non-residential buildings, such as offices and warehouses, increased by 65.6 percent in May compared to April 2020, and residential investments increased 57 percent during the same period. <span style="margin: 0px; padding: 0px; font-family: Montserrat, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; white-space: pre-wrap; font-size: 13pt; vertical-align: baseline;">When it comes to investing in real estate, in <a href="https://homebaba.ca/niagara" target="_blank">Niagara</a> or anywhere else, it’s important to critically know and feel the market. That’s why it’s important to consider the economies (past, present, and future), of the markets you’re considering well before you invest. Historical and current data shows that Niagara boasts a resilient and growing economy. That, coupled with growing demand for housing, makes the region a promising place to invest your hard-earned-funds. Our recommendation from the past, present and future reconstruction projects and infrastructure proposed, Niagara is one of the most attractive regions to invest in new homes.<span style="margin: 0px; padding: 0px; font-family: Montserrat, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; white-space: pre-wrap; font-size: 20pt; vertical-align: baseline;">

There are many reasons why Real Estate activity in niagara seems to be growing and thriving more than ever. The  improved GO Train and Via Rail service in the Niagara region is in the midst of several important infrastructural developments.

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