With skyrocketing home prices seemingly the norm in Toronto’s real estate market, many new homebuyers are concerned about being priced out of homeownership. First-time homebuyers are particularly feeling the pressure as they scramble to save enough money for their down payments. And with average house prices rising throughout the Greater Toronto Area, it’s not just Toronto’s hot housing market that’s experiencing the trend. However, there’s one homebuilder that has made it its goal to make the dream of homeownership more achievable for a broader range of people.
Founded in 1994, Toronto-based Options for Homes is a non-profit developer that has helped over 2,500 individuals and families get into home ownership over the past 21 years.
“Since building the first condos two decades ago, in what is now Toronto’s much sought-after Distillery District, Options has been a catalyst for change in emerging neighbourhoods,” said Mary Pattison, Director of Sales and Marketing. “We are known as urban visionaries who offer tremendous value and opportunities to those who are fortunate enough to learn of our developments before they sell out.”
To keep costs low, Options for Homes has implemented a unique strategy that eliminates several factors that drive prices up. First of all, you won’t see pools, gyms and saunas that cost thousands of dollars per suite to provide and high monthly fees to maintain. Their unorthodox approach to marketing and development also provides significant savings from advertising costs that often add over $15,000 to the price of a unit. Finally, the developer doesn’t build pricey model suites and often rent venues such as church basements where they invite their own purchasers to work as their sales force.
Their latest project brings them approximately 40 kilometres west of Toronto to the charming town of Milton. Located at 716 Main Street East, Jasper Condos is a brand new 11-storey condominium designed by Toronto’s Kirkor Architect + Planners. The project’s ideal location places it within walking distance of a variety of local amenities and attractions including grocery stores, restaurants, public transportation, the Milton Memorial Arena and the MIlton Centre for the Arts. Other local amenities include several parks and green spaces such as Baldwin Park, Kelso Conservation Area, and the renowned 885-kilometre Bruce Trail.
“The two main things that people are concerned about when looking for a new home are the proverbial location, location, location (ideally next to public transit) and affordability,” said Pattison. “Jasper Condos is the answer to both of these considerations because it will be located in Milton, one of Canada’s fastest growing communities located in the beautiful Niagara Escarpment, while conveniently located next to the Milton GO.”
The contemporary residence will house a total of 116 suites ranging in size from 533 square feet to 1,005 square feet and features a common room and rooftop terrace with barbecues.
Priced from $215,330 the homes at Jasper offer exceptional value for all budgets and incomes.
“Most cities are home to all levels of income earners,” explains Heather Tremain, CEO at Options for Homes. “So it goes without saying that everyone who works to make a great city should also be able to live here as well. With the majority of units bought by families whose average income is $53,000, we are able to help people realize the dream of homeownership in a vibrant community.”
Prospective buyers at Jasper Condos can also take advantage of the developer’s down payment support program or “Options Contribution loan.” The program assists homebuyers by boosting their minimum five per cent down payment by ten per cent through a payment free loan as long as you live in the suite. The loan — which appreciates with the resale value of your home — is only paid back when the unit is sold or rented.
Occupancy at Jasper Condos is slated for fall 2018. To learn more about the development, visit the sales office at 1234 Main Street East in Milton, open Wednesday from 11am to 6pm, Thursday from 12pm to 6pm, Friday from 9am to 4pm and Saturday from 12pm to 5pm.
For more information call 905 699 4592 or email firstname.lastname@example.org.