Entries by Novacon Construction

New Mortgage Rules in 2025: Unlock Opportunities with Secondary Suites

The Canadian government’s upcoming changes to mortgage insurance rules in January 2025 will bring exciting opportunities for real estate investors and homeowners in Toronto and the GTA.  Whether you’re planning to add a laneway suite, garden suite, major renovation, or a new basement apartment, these new rules will allow you to refinance up to 90% […]

Home Additions: Additional Costs To Be Aware Of  

Nobody likes to be given a quote for the cost of something only to find out later that the actual price is quite a bit higher than originally thought. This scenario is common in various situations, from auto repairs to maintenance contracts, and it’s usually no different when it comes to the cost of a […]

Converting a Single-Family Home to a Multi-Family Property in Toronto

As the cost of living continues to skyrocket in Toronto, homeowners are increasingly seeking innovative ways to maximize their property’s potential and generate additional income. One compelling solution is converting a single-family home into a multi-family property. This approach not only provides financial benefits but also addresses the pressing housing shortage in the city. By […]

5 Above The Garage Home Addition Ideas You’ll Love

Are you considering a home addition but worried about losing precious yard space? In Toronto, where real estate is at a premium and lot sizes are small, homeowners are always on the lookout for innovative ways to expand their living spaces. One of the most effective solutions is building an addition above your garage. Whether […]

10 Second Story Addition Ideas For Bungalow Homes

Are you a Toronto homeowner looking to expand your living space? Bungalow additions in Toronto have become increasingly popular, offering a practical solution for growing families and those seeking to enhance their homes. Adding a second story to your bungalow can significantly increase your living area, improve your property value, and provide modern amenities. The […]

How Much Does It Cost To Build a Laneway House in Toronto?

The average house price in Toronto recently reached the million-dollar mark in 2021. If you’re looking to increase your property value even more, you may want to consider adding a laneway home. The benefits of laneway houses are numerous; they typically face onto an alley and can provide an ideal way to earn additional income […]