Many believe building a new home is more expensive than buying one, but in Nova Scotia, that’s not necessarily true anymore. During the pandemic, construction costs soared due to high material prices and labor shortages, but the market has since shifted; material costs have dropped, and there’s now a better supply of builders, making constructing your dream home potentially just as affordable, if not more so, than purchasing an existing one

Building has become more popular, as according to Statistics Canada in December value of permits increased 12.8% to 283 million MoM, and number of residential units created was 975, an increase of 69.3%!

Why Build?

Buying a pre-existing home may seem cheaper at first, but most older homes need major repairs or upgrades within a decade. With a brand-new home, you’ll avoid the costly renovations and repairs that come with older houses. Additionally, modern homes are built to higher standards of efficiency and health consciousness, potentially lowering total ownership costs while also creating a safer living environment for your family.

Build Your Dream Home Today

Why settle for someone else’s vision when you can design your own? A local mortgage broker can offer advice tailored just for you, making building your dream home both a personal achievement and a smart financial move. Let’s start this journey together and create a home that’s as unique as you.