Announcement>>Hive Modular Design launch event in Toronto set for mid-February 2012! Register Now!!
The event launch date has been set. I will be posting updates as me move closer to the date. If you would be interested to attend, please get in touch with us to be included on the guest list. We will be sending out invitations soon!

Hive Modular Homes are now available for interested homeowners in Toronto.For frequent updates on Hive Modular events and happenings in Toronto, bookmark the page here .
If you are interested in discussing your next infill project on building custom or modular home, feel free to email Anne Lok for more information at anne@annelok.com 416.922.5533. I would love to help!
Here are some typical questions/scenarios and repsonse by Toronto Mortgage Professionals Valerie and Robert Bizzoni on Modular Home financing. If you would like to chat about your next home building project, feel free to get in touch.
1. Buyer purchases infill lot [with house sitting on it, but will be demolished to set new foundation and new home.] ie. modular unit will be on owned land - no leased lots.
· If the unit is placed on a full foundation, does standard underwriting apply and the mortgage would be eligible for discounted rates?
Yes, standard underwriting would apply and the client would be eligible for discounted rates, subject to qualifications from application
2. Are financing draws similar to site built construction loans? I imagine this will be somewhat similar to construction loan, but upon completion, the loan will be transferred to a conventional mortgage.
· What is the advance schedule?
..... on completion of the foundation Yes, approximately 15% - 20% advance for the cost of the land – subject to an appraisal
..... on confirmation of delivery of the unit Yes, would require the Purchase Agreement for the unit to verify the price. This would proceed to 2nd advance of approximately 75% - 85%.
..... on completion Yes, the balance of funds (up to 95%) would be advanced, subject to at least one (1) further inspections and most times two (2) inspections.
Please note that the financing is not applicable to Builders/Contractors, only to the potential buyers. The financing is all insured from either CMHC/Genworth, regardless of loan-to-value.
If you are looking to source property for your next urban infill project, or looking for conventional real estate services, I'd love to help!
Hive Modular in Calgary-
Meet Hive Modular at Booth 737 between January 13-15 at the Calgary HomeExpo. If you have a home building project in mind, drop by for a chat. A Hive Modular home may just be the right fit for you.
Hive Modular Custom X-Line in Calgary
Hive Modular, now in Toronto-
Hive Modular will be hosting an introductory launch in Toronto early next year. Let us know if you would like to be added on the guest list and be informed of future event dates.
Note: For construction quality and cold weather durability, all of Hive Modular projects are built at a minimum to current residential energy codes, and if desired, can be super insulated with spray foam and other techniques. In addition, the modules can build to low VOC and green/energy efficient standards.
If you would like to chat about the potential of building a modern modular home by Hive Modular, or and have further questions about our Toronto services, we'd love to help!!
To find out more about current and past Hive Modular projects, visit www.hivemodular.com
Subscribe to Hive Modular YouTube Channel http://www.youtube.com/user/hiveMODULAR
Home owners can still take advantage of the Eco-Energy grants offered by the Federal and Provincial governments by March 31, 2012 if your pre-retrofit audit and upgrades are completed before that date.
The audits range in cost, but are generally $360 for hte pre-retrofit audit and $175 for the post-retrofit audit.
The initial audit takes about 1.5hours and during the process, the home will be depressurized using a blower door and readings will be taken to determine how much air the home may be loosing. The Energy Audit advisor will also review furnace, central air, insulation, windows and doors toilets, ventilation, air sealing and water heating. There are also Ontario Power Authority grant available when working with an authoized heating contractor.
The final audit takes about 45 minutes to review upgrades completed and to take a final pressure test.
The Provincial government will rebate $150 after the initial audit and the Federal government takes care of all other grants.
An example of a grant for going from conventional furnace to a 95% efficient furnace with an energy efficient motor is around $790 for Federal incentive, $250 OPA, amounts to a total of $1,040.
Not only will the grants make it a worthwhile process, it's incentive to pu a few upgrades together.
If you would like to be referred to a qualified home audit professional, feel free to get in touch. I would love to help!
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