Building vs. Buying

We strive to make construction as risk free as possible for you

Building a house with Triple Diamond Homes may bring substantial savings for your budget. Let us consider the following scenarios.

Scenario 1. Buying a new home

John lives in Toronto in a pre-war bungalow market value of $800,000. He wants to sell his house and buy a newer better home. He hires a real estate agent and upon successful sale pays 5% commission, which accounts to $40,000. He gets a mortgage at 3% rate. Then he buys a new 4,000 sq. ft. house for $1,730,000 and pays land transfer taxes, which accounts roughly to $61,000. The total cost of this transaction adds up to $1,831,000. John gets a home that might not meet everything on his wishlist. During the transaction he does not bear any construction risks.

Custom Homes Builder

Scenario 2. Building a new home with Triple Diamond Homes

John lives in Toronto in a pre-war bungalow market value of $800,000. He decides to build a new 4,000 sq. ft. house on the existing parcel of land. He hires Triple Diamond Homes. Triple Diamond Homes starts construction and in 12 months the house is done. John gets a conventional mortgage at 3% rate and makes a payment to Triple Diamond Homes in the amount of $820,000, including HST. The total cost of this transaction is $1,620,000. John gets his dream custom home. During the transaction he does not bear any construction risks.

Based on the above scenarios, the savings between buying a new home and having Triple Diamond Homes build a new one account to astonishing $211,000

.

Hassle Free Package

Free services for our clients

    To all our clients we offer the following free services:

  • Hassle Free Package. This package includes moving services, packing, disassembling and reassembling the furniture*
  • 7 hours of landscape or interior design*
  • Providing a storage unit*
  • Help in gathering documentation required for mortgage approval
  • Help in renting a temporary place to live in
  • Help in getting building permits

* For contracts over $100,000

what people say about us

Janet

"I was very pleased to deal with Triple Diamond Homes. First, the Hassle Free Package caught my attention, even though ..."

Mark and Susan

"After my accident, we were afraid that we would have to sell our lovely home. I could no longer.."

Robert and Karen

My wife and I were very happy to find out that we were expecting twins. We ...

Read more

Giving back to community

We make our community better

As a construction company, we make our living from building structures. However, we fully recognize that no structure exists for its own purposes. Every building is part of a community; every structure is brought to life by the people who inhabit it. Therefore, we fully dedicate ourselves not just to building sound structures but to building a thriving community.

Currently, we are involved with several key organizations to accomplish this. We support the Basketeers and Canadian Indoor Rowing Championships.

Read more

Building vs. Buying

Building a house with Triple Diamond Homes may bring substantial savings for your budget. Let us consider the following scenarios.

Scenario 1. Buying a new home

John lives in Toronto in a pre-war bungalow market value of $800,000. He wants to sell him house and buy a newer better home. He hires a real estate agent and upon successful sale pays 5% commission, which accounts to $40,000. He gets a mortgage at 3% rate. Then he buys a new 4,000 sq. ft. house for $1,400,000 and pays land transfer taxes, which accounts roughly to $48,000. The total cost of this transaction adds up to $1,488,000. John gets a home not tailored to his needs. During the transaction he does not bear any construction risks.

Read more