4 Reasons Now is the Time To Buy in Waterdown

For first-time buyers in the Greater Toronto Area, sky-high prices may make it seem impossible to own a home. But that’s not the case everywhere. With significantly lower prices at Luma Urban Towns in Waterdown, you can save hundreds of thousands on a modern townhome, just 15 minutes from Burlington.

Here are four reasons why now is the time to buy at Luma.

1. You’ll Save up to $400,000

   Luma is priced up to $400,000 less than similar homes in Burlington and Oakville, including resale homes, which is very rare for a new construction community. As shown in the below chart, 3-bed and 2-bath townhomes can cost $1.06 million or more in Oakville, while townhomes at Luma are now being offered at just $669,990. That also means you’ll save hundreds of dollars a month on your mortgage.

   

   This chart compares Luma’s prices with comparable homes in Burlington and Oakville.

2. It’s Only 15 Minutes from More Expensive Comparables

   And since Waterdown is just a 15-minute drive from Burlington, and a 30-minute drive from Oakville, you’ll still be in close proximity to the two cities.

3. Owning Beats Renting

   Over the past 10 years, rental costs in Southern Ontario have increased significantly. As outlined in the above chart, monthly mortgage payments at Luma are hundreds of dollars lower than average rents for many similar homes in Burlington and Oakville. In the cases where the difference is marginal, remember that owning means you build equity.

4. Buying New vs. Resale

   Along with the great price, Luma Urban Towns is also completely new, allowing you to take advantage of amazing benefits:

   • Lower monthly energy costs due to energy efficient features
   • More modern designs, layouts, and fixtures
   • A selection of custom finishes
   • Purchase protection through your new home warranty

Modern Towns by a Builder You Can Trust

Luma is located at Mosaic Drive and North Waterdown Drive and is built by LIV Communities. This third phase of the Kaleidoscope community includes 84 urban townhomes with open-concept layouts, sun-drenched living areas, versatile kitchens, and spa-inspired ensuites.

If you’re ready to save, contact us today.