• Mitch Speigel – Mortgage Agent
    Your Mortgage Group Professional
    Kora Management
    License #M08003984, FSCO #10315

  • Tiny Homes Are In!

  •  

     

     

     

     

     

     

     

     

    It’s happening in many parts of the country; tiny homes are popping up in laneways, in backyards and on acreages, and demand for them is growing. There are even tiny house communities being built. Prices are also getting higher. One tiny home sold recently in Oshawa, Ontario for $200,000.

    Those buying tiny homes are first-time home buyers getting into the market, or people who are retiring and downsizing.

    While interest in tiny homes is high in Canada, especially in Alberta, British Columbia and Quebec, Canadian municipalities have been much slower than those in other parts of the world to accept them. Many set a minimum square footage requirement, while others have bylaws that go so far as to specify the colour and type of building materials.

    Sign of the future:

    However, tiny homes could be a sign of future times. Some of them are the same size as a small square-foot condo. I would not be surprised to see a few mortgage lenders jump on this bandwagon, especially for the tiny homes that are sitting on foundations.

    Tiny homes are trendy.

    With this in mind, there is a motion just introduced in Greater Sudbury, that could spur the development of smaller and tiny homes. The councillors are asking staff for a report outlining a “recommended policy framework” during the third quarter of 2020.

    “Tiny homes” referred to are typically between 100 to 400 square feet, and may or may not meet the minimum requirements of the building code. Furthermore, they may or may not be on foundations and they may or may not be on owned land.

    The mortgage industry will have some catching up to do.

    What do you do with leftover plums? Make jam of course. Cut up the plums into 1” pieces and discard pits and stems. Put them in a saucepan; add an inch of water and a splash of lemon juice and simmer after boiling, stirring often, until soft, about 40 minutes. Add sugar, or honey, or maple syrup, or all three, in a ratio of 1 sugar to two fruit, a little less if using honey. Stir to dissolve, then bring to a boil until the jam thickens and is ready to set Let cool and put in sterilized jars.