While the cost of owning a home continues to soar up, the Building Industry and Land Development Association (BILD) has raised concerns over the fast paced increase in the cost of low-rise homes such as townhouses, detached and semi-detached houses. The report indicates an average annual increase of over $50,000 over the last one decade.
With most homes in Toronto and elsewhere in Canada being aged, various developers have expressed concerns that home renovations Toronto services remain highly demanded. This has been necessitated by the need to convert various aged houses into modern residential homes in preparation for habitation by new home owners. In Toronto and the GTA area, the problem is worse as this leads to an average monthly increase of at least $8,000.
As the Canadian housing index has continued to increase over the last decade, there are some regions with tight housing supply challenges, while others are moderately affected, yet others show a slump in the growth in the demand for housing. In GTA and Vancouver regions for instance, the demand for housing is high, while Quebec and Winnipeg continue to face declining housing demand. Despite the emotional movement in the housing supply and demand equation, one fact has remained constant over the years: the need to facelift every house to modern standards. To achieve this, the services of home renovations Toronto building masters continue to be hot in the market. At the helm of offering the best on this is the Hammer construction Inc. which remains committed to delivering the promise.