BUILDING ONTARIO’S REAL ESTATE FUTURE

It’s no secret that Canada has been growing at a rapid rate, and Ontario most of all. With over 463,000 new residents between 2022 and 2023, the biggest question is pretty obvious: how are we going to build enough homes for everyone to live in? Thankfully, the answer is pretty clear too.

Experts have been pushing for increased housing density for decades, and the need for multi-family housing has only continued to grow. More and more condo projects are being approved across the province, making the most of a building’s footprint with thousands of residents in one place. But a highrise doesn’t have to be the end goal of every multi-family dwelling! Any structure that houses more than one independent unit can be defined as multi-family, which opens the door to dozens of alternative housing styles including duplexes, triplexes, and even townhomes.

WHAT’S TRENDING?

While many homeowners are worrying about the state of the market, it might surprise you that multi-family housing is considered by many to be a more attractive investment than a traditional single-family home. According to RENX, “The multi-family real estate asset class has shown remarkable resilience, even in the continued current high-interest-rate environment.”

“Overall, the multi-family investment market continues to be more attractive in Ontario as these properties are easier to finance, allow investors to compound returns faster, and offer more significant economies of scale.”
(Remax Canada, 2023)

In other words, in Ontario’s low-supply, high-demand markets, housing density allows more homeowners (and builders!) to access more capital faster, either by offering more opportunities to own a new home (for purchasers) or by selling multiple units at once (for builders). As a result, multi-family housing is growing in popularity from both sides of the equation.

UNLOCKING INVESTMENT POTENTIAL

By creating more homes in one location, density not only helps balance the ratio of population to housing, but also opens the door to increased opportunities to invest in real estate. When addressing the current housing landscape, RENX says that “Canada’s record-breaking population growth, combined with the challenges of unaffordability, has fueled demand for rental units, even amidst rising interest rates.” Which means that as the cost of housing rises, so too does the demand for rentals of all shapes and sizes.

But if prices are rising, how does that make multi-family housing more affordable for you? Well, in an effort to increase affordability and buying power, the Ontario government has designed unique programs and legislation to help alleviate the financial burdens of purchasing a home.

As Forbes explains, “Investors can capitalize on deductions related to mortgage interest, property taxes and depreciation, among others. These tax advantages contribute to optimizing an investor’s overall financial picture.” And on top of that, of course, high demand for rentals guarantees high tenancy, meaning that once your investment is secured, rental income will carry the mortgage of the property.

“Despite broader market challenges, cap rates for multi-family properties remain low in Canada due to rent growth expectations and strong investor demand.”
(RENX 2023)

A QUALITY SOLUTION

Renowned for our modular homes and cottages, you might be wondering what multi-family housing has to do with Quality Homes. But don’t forget—we’ve been pioneers in the homebuilding industry for over 37 years. Last year, we unveiled the Suite Collection, offering alternative housing solutions through a variety of new ADUs (also known as Accessory Dwelling Units). Our suites are perfect for multi-generational living for either your retired parents or adult children, and even to generate income as a rental suite. And as the demand for multi-family housing increases, Quality Homes has the opportunity to play a big role in this exciting new stage of Canadian real estate.

With a unique new offering, we’re unlocking investment potential for your property like never before.
Now, we can help you build multi-family housing on your property.

We can help develop your property and create your community by supplying you with the homes. Offering a wide variety of duplex, bungalow townhomes or two-storey townhomes, as well as detached single family homes – all constructed with our factory-built precision, speed and quality, delivered right to your site. Our modular designs are modular in nature and can be customized to suit your lot.

Here are a few sample plans:

THE HARRISTON

The Harriston is a charming 1,006 sq.ft. bungalow design with 2 bedrooms and 1 bathroom. It’s a great starter home for a young family, a perfect place for tenants to retire without concern for stairs, and even offers the potential for young adults to share with a roommate.

THE NEWCASTLE

Designed like a traditional 2-storey home, The Newcastle is 1,816 sq.ft. per unit with 3 bedrooms and 2.5 bathrooms. With plenty of space for a growing family, these units are a great solution for tenants seeking a great home for their children to grow up in.

Each of these beautiful new designs are available in a 2, 3, or 4-unit block, but can also be purchased as an independent detached home. This offers you ample flexibility in developing on your property, with the ability to choose the number of units depending on your acreage.

WHY QUALITY?

There are dozens of reasons why homeowners choose Quality Homes, but partnering with us to develop land is a unique situation with its own incredible benefits. Unlike investing in traditional townhome units to lease, you already own the land, reducing costs for the same project.

Not only that, but with our innovative modular construction process, we have homebuilding down to an art—and a science. That means less wasted materials, more efficient labour, and a much faster timeline. Instead of waiting years for your investment to come to fruition, our modular units can be completed within just months of entering our facility.

HOW DOES IT WORK?

The exceptional Team at Quality Homes has your back. Our experience extends from permitting and site servicing to construction and beyond, so that you can sit back and rest assured that the job will get done—on time, on budget, and with Quality. All you have to do is reach out to us, and we’ll help your project come to life.

Partner with Quality Homes today, and unlock the potential of your property.

CONTACT US:

Send us a message online: click here
Give us a call: 1-800-265-2648
Send us an email: info@qualityhomes.ca