Oakville Homes

March 2, 2012

Prices go up in GTA – down elsewhere and does quality suffer? Does it Mattamy?

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For those living in the GTA, you are probably immune to the price shock of what it costs to buy a house in the area or have just given up trying to figure out why we pay so much here.  For those building homes, it can be a great selling point – brand new house with no problems for the same or less money than some place needing a reno.

Wonder just how bad our prices are?  I recently read an article in the Toronto Star about FML Listings.  They are a couple who have suffered the trials and tribulations of buying in the GTA.  Urban vs Surburban.  They find it so ridiculous that they started this website and compare our prices with those about North America.  Want to know just how bad the prices are here, visit their website.

Here are two examples:

1:  http://www.realtor.ca/propertyDetails.aspx?propertyId=11608659&PidKey=-1125967177  (2 bedroom 2 bathroom in Willowdale east with a stove for $1.5million) compared to http://www.trulia.com/property/202240-23200-W-Paloma-Blanca-Dr-Malibu-CA-90265 ( 4 bedroom 3 bathroom with a pool and a mountain and ocean view for…….. over $3000 less)

2: http://www.realtor.ca/propertyDetails.aspx?propertyId=11560329&PidKey=1983095532  3 bedroom bungalow in North York for just $200K less than Whitney Houston’s palatial palace in New Jersey.

These are just two examples of how bad our GTA market is.  If you’re selling, a speculator or, a builder, life is good.  If you are a buyer, suck it up princess and fork out the money and if it is a new house, roll the dice on whether or not the builder put in what should have been put in.

For the resales, just watch Mike Holmes’ show to see what can happen if you don’t hire a responsible and professional house inspector.

With prices this high, I can see problems with speculators in that they have a lot of money tied up and hopefully for a short period of time.  Time not spent fixing up a property to what it should be.  Time is cash and cash spent on things not seen is money saved.

Some builders of new houses look for shortcut savings.  In my case, they got a sale on a house without electricity hooked up, an illegally wired furnace and a bay window without insulation.  I had to deal with all those and I can tell you, this house is up to snuff now, no thanks to Mr. Gilgan and Mattamy.  So, if you are buying a house from a speculator (some were the builder’s own sales people) make sure you hire a house inspector to look it over.  Where the builder did shortcuts, I doubt the speculator did a fix.  Most speculators probably feel a good coat of paint hides all ills.

I noticed an article in the Toronto Star about Mr. Gilgan and all his accomplishments – mostly donations to charity.  Nothing about his donations to Hudak or McGuinty.  Of the 27 who got the Order of Ontario, one four line paragraph listed their generic accomplishments.  Mr. “Donation Boy” Gilgan got 25 lines (over half the article) to list his accomplishments.  I guess the other 26 were just there for filler purposes.  I forgot, he got an additional 7 lines at the beginning to open up the article.  David Onley, Lt.Gov of Ontario got a whole 3 and a bit for himself.  Even the title and picture were all pure Gilgan.   Hey, Toronto Star, I think other people do good stuff – you didn’t even name the other 26 in this article.  Talk about chump change.

Maybe Gilgan is running for the Order of Canada.  You know, the one convicted felon Conrad Black is still holding onto while other felons lost theirs. Kind of shows the quality of some people getting these awards.

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* The above is intended to show the reader examples of how to obtain a house inspector, no matter which builder you buy from. Remember, awards and advertising are designed to make you buy, not ensure you quality. We’ve shown that awards are not the standard on which to base your decision on. My use of my experiences are not made to embarass Mattamy Homes or Peter Gilgan but, are used because they are based on fact and show the larger picture that a house inspector is a requirement when buying a house, new or old from any builder. My experience only shows that in fact it can happen and is a fact of life. Your experiences with Mattamy may have differed.

Hard to get a properly built home when the owner is focusing his time and efforts on getting press time.

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1 Comment »

  1. Hi,

    Thank you four your nice writing on Oakville Homes

    Thanks.

    Comment by sams — March 3, 2012 @ 10:23 am | Reply


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