16 Mile Creek by Primont in Milton
Does anyone have the price list for their townhouses? I'm looking specifically at the urban towns for investment purposes.
How good is this builder?
May 19th, 2021 1:48 am
May 19th, 2021 9:47 am
May 19th, 2021 10:39 am
fairly accurate to a point. may not be most recent. builders pay to be in buzz buzz.dc200 wrote: ↑ Found the pricing here: https://www.buzzbuzzhome.com/ca/16-mile-creek--phase-2
Starts at 889k for the urban towns.
How accurate is that site?
Hawthorne East by Mattamy seems way less expensive...
May 19th, 2021 12:45 pm
Phase 2 is the most recent with sales starting this spring, so I'm assuming these prices should be pretty recent...
May 19th, 2021 1:20 pm
May 19th, 2021 2:29 pm
Their urban towns are already priced too high as it is.
May 19th, 2021 4:36 pm
May 19th, 2021 5:47 pm
May 19th, 2021 5:50 pm
May 20th, 2021 7:49 am
May 20th, 2021 9:35 pm
May 21st, 2021 3:13 am
May 21st, 2021 9:56 am
dc200 wrote: ↑ I'm curious... how do builders price their homes?
Do they have appraisers working with them? Do they estimate how much it would be worth at closing time given whatever trajectory the market is currently following?
Side note... I'm not counting on being cash flow positive, but I am after capital gain through appreciation. I'd likely hold on to it for at least 7-8 years.
May 21st, 2021 11:09 am
Thanks for your input.vprime77 wrote: ↑ Depending on what you buy you might be cash flow neutral in Milton. I have experience with rentals in Oakville and Milton.....lots of demand, good tenant profile etc. Many immigrants moving to Halton so yeah you should see some good appreciation over your timeframe.
My high level understanding of how builders price:
- cost for the lot (either their own or paid developer)
- negotiated rates with subtrades to build
- soft costs (i.e. financing, carrying costs etc)
- profit margin (probably not as high as you think)
May 21st, 2021 7:10 pm
May 22nd, 2021 3:36 am