54036 NAT COR Digital Magazine Final - Flipbook - Page 17
Understanding the Price Tag:
decoding
construction
costs
For homebuyers in Ontario, ‘sticker shock’ at the price of a new home is common. One of the
most important steps you can take in your new home search is to understand the factors that
determine its price. This knowledge could be the key to opening the door to your new dream
home —at the price that’s right for you.
A detached house, a townhouse, or a condo – each home has unique costs associated with
its sale price. But the price of a new home is not merely the sum of its architectural features;
it’s a combination of various factors, including construction costs, development charges, and
infrastructure expenses. And built into each of these elements is a secret benefit: a huge boost
in value that comes from superior quality, following modern construction codes, and innovative
systems and homebuilding techniques.
At National, we’re committed to changing the way people think about their homes. Transparency
and education about the costs involved in building your home and determining its price are part
of that mission.
Let’s take a look at what goes into the cost of constructing your home.
LAND
PURCHASE
CONSTRUCTION
COSTS
GOVERNMENT
FEES
17%
60%
23%
17
NATIONAL HOMES DIGITAL MAGAZINE
