The show will highlight the various neighbourhoods in the City of Toronto and surrounding area along with the architectural and interior design elements each of the home owners have created.
Casting is underway, but we do know that there are many home owners with a great sense of interior style and even more – they are waiting for the world to see the home that makes them proud.
Come join the Hive Modular Toronto team, as we mingle and talk about our homes! If you are thinking about building your own home, or interested to find out more about the designs, Hive Modular architects, Hive's Toronto Representative Anne Lok and Equinox Development will all be in attendance to answer any questions you may have.
This event is sponsored by Caplan's Appliances, who will have local chefs working the Miele test kitchen for this event.
Space is limited, so please RSVP via http://www.hivemodular.com/toronto if you would like to attend.
Check out Hive Modular's built homes at www.hivemodular.com
Announcement>>Hive Modular Design launch event in Toronto set for mid-February 2012! Register Now!!
The event launch date has been set. I will be posting updates as me move closer to the date. If you would be interested to attend, please get in touch with us to be included on the guest list. We will be sending out invitations soon!
Hive Modular Homes are now available for interested homeowners in Toronto.For frequent updates on Hive Modular events and happenings in Toronto, bookmark the page here .
If you are interested in discussing your next infill project on building custom or modular home, feel free to email Anne Lok for more information at anne@annelok.com 416.922.5533. I would love to help!
Here are some typical questions/scenarios and repsonse by Toronto Mortgage Professionals Valerie and Robert Bizzoni on Modular Home financing. If you would like to chat about your next home building project, feel free to get in touch.
1. Buyer purchases infill lot [with house sitting on it, but will be demolished to set new foundation and new home.] ie. modular unit will be on owned land - no leased lots.
·If the unit is placed on a full foundation, does standard underwriting apply and the mortgage would be eligible for discounted rates?
Yes, standard underwriting would apply and the client would be eligible for discounted rates, subject to qualifications from application
2. Are financing draws similar to site built construction loans? I imagine this will be somewhat similar to construction loan, but upon completion, the loan will be transferred to a conventional mortgage.
·What is the advance schedule?
..... on completion of the foundationYes, approximately 15% - 20% advance for the cost of the land – subject to an appraisal
..... on confirmation of delivery of the unitYes, would require the Purchase Agreement for the unit to verify the price. This would proceed to 2nd advance of approximately 75% - 85%.
..... on completionYes, the balance of funds (up to 95%) would be advanced, subject to at least one (1) further inspections and most times two (2) inspections.
Please note that the financing is not applicable to Builders/Contractors, only to the potential buyers. The financing is all insured from either CMHC/Genworth, regardless of loan-to-value.
If you are looking to source property for your next urban infill project, or looking for conventional real estate services, I'd love to help!
Meet Hive Modular at Booth 737 between January 13-15 at the Calgary HomeExpo. If you have a home building project in mind, drop by for a chat. A Hive Modular home may just be the right fit for you.
Hive Modular Custom X-Line in Calgary
Hive Modular, now in Toronto-
Hive Modular will be hosting an introductory launch in Toronto early next year. Let us know if you would like to be added on the guest list and be informed of future event dates.
Note: For construction quality and cold weather durability, all of Hive Modular projects are built at a minimum to current residential energy codes, and if desired, can be super insulated with spray foam and other techniques. In addition, the modules can build to low VOC and green/energy efficient standards.
If you would like to chat about the potential of building a modern modular home by Hive Modular, or and have further questions about our Toronto services, we'd love to help!!
To find out more about current and past Hive Modular projects, visit www.hivemodular.com
Subscribe to Hive Modular YouTube Channel http://www.youtube.com/user/hiveMODULAR
Home owners can still take advantage of the Eco-Energy grants offered by the Federal and Provincial governments by March 31, 2012 if your pre-retrofit audit and upgrades are completed before that date.
The audits range in cost, but are generally $360 for hte pre-retrofit audit and $175 for the post-retrofit audit.
The initial audit takes about 1.5hours and during the process, the home will be depressurized using a blower door and readings will be taken to determine how much air the home may be loosing. The Energy Audit advisor will also review furnace, central air, insulation, windows and doors toilets, ventilation, air sealing and water heating. There are also Ontario Power Authority grant available when working with an authoized heating contractor.
The final audit takes about 45 minutes to review upgrades completed and to take a final pressure test.
The Provincial government will rebate $150 after the initial audit and the Federal government takes care of all other grants.
An example of a grant for going from conventional furnace to a 95% efficient furnace with an energy efficient motor is around $790 for Federal incentive, $250 OPA, amounts to a total of $1,040.
Not only will the grants make it a worthwhile process, it's incentive to pu a few upgrades together.
If you would like to be referred to a qualified home audit professional, feel free to get in touch. I would love to help!
Toronto is still going strong with the condo boom, despite the doom and gloom in the global financial markets.Every three block radius, we can see cranes popping up and many more along lakeshore. The shiny condo skyline has become a destination for international investors.
“The Canadian housing market remains a bright spot against a backdrop of mixed headline news about the global economy,” said CREA president Gary Morse in a recent statement.
With the erratic global markets, how is Toronto's condo market doing? Take a look at TREB's latest report.
To complement the existing car sharing program at the revitalized Regent Park, Toronto Community Housing and Daniels have entered into an agreement to extend BIXI Toronto's modular bicycle sharing system in the downtown core to the neighbourhood. Two bike docking stations should be installed within the next week. One is on Dundas, just in front of FreshCo. The other will be on Parliament St, just south of Gerrard. Regent Park residents can drop off and pick up bicycles from location to location 24 hours a day.
TIP…..most mortgages have prepayment options and with a little planning a homeowner can use the prepayment to reduce their mortgage penalty when selling..
·An early payout penalty can be very costly (it’s the greater of a 3 month interest penalty or the Interest Rate Differential IRD); but there is a way to help our clients save money on this penalty.
·If porting or assumption aren’t options, the homeowner can save by ensuring they have a principal prepayment applied on closing day.
·Policies vary by lender but in most cases, the payout date and regular mortgage payment date must match.
·The lender won’t automatically apply this prepayment unless it is specifically requested by the lawyer.
·Lawyer’s discharge request will state client wants to exercise prepayment privilege and that the penalty be calculated after taking into account prepayment.
·No extra cash is needed for this prepayment as it happens on the payout/closing date.
Call me for more details!
Mortgage rates: variable rates have increased….some lenders are at Prime, the best pricing today is Prime less .40%. This is a significant change from pricing available in August. With the shrinking savings on a variable rate mortgage, the 4 & 5 yr fixed rate terms are very good choices.
Premiere Mortgage Centre
Best rates as of October 7th 2011*
Prime: 3%
5 yr variable rate: Prime less .40%
3 yr fixed rate: 2.89%
4 yr fixed rate: 2.99%
5 yr fixed rate: 3.29%
*rates subject to change without notice; other terms available
Established in 2004, Hive Modular, a US based architectural design firn, has been a leader in North American prefab modern design. Hive created and changed the face of the modern prefab segment in North America. They uniquely blend high design with "real world" experience n factories, hands-on site construction and remote client service. Their built portfolio has a demonstrated track record of several successful modular models that have been built and widely published by design magazines and broadcast media.
Their goal: To make modern architecture more affordable, more accessible for clients seeking a smaller, better, greener home
How: Partners with progressive modular factories and build their capabilities to deliver our homes to upper mid-market clients.
Where Hive has built in Canada: Calgary, Regina, Vancouver
Broad and deep knowledge in prefab modern:
Worked with 15 prefab factories to build modern designs
Factory partners include the top quality factories in US and Canada
Experience in modular, panelized, SIP, metal buildings and pre-cast concrete methods
Real world experience
they are not just architects
10+ years of field work building houses
Built and successfully managed remote building processes for hundreds of home buyers
10+ years creating and installing large scale public art
Simple, efficient, well developed customer process
Hive Modular now has a team in place to launch their homes in urban Toronto. As part of their team, we place the clients' needs first with standard or custom homes. Hive has systematically identified best practices and integrated those into their design and delivery process, detailed customer planning documents and long distance working process. The collaborative team in Toronto will assist you through a seamless process.
We are familiar with and focus on modern home clients
Comfortable with helping cleints find teardowns or land
If you are interested to own a Hive home, I'd love to help you source a site and introduce you to the Hive Toronto team.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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