As we began this quest to create Tiny Homes for the public a few years ago, a lot has since happened and the need for affordable housing has never been greater then now. Before the need was great, however now, we are in such a true dire need across North America and the world for that matter.
There was and still is a lot of people in the world struggling to find affordable housing. The cost in Canada for housing has become much more then what a typical family can sometimes afford. With more guidelines to qualify for a mortgage, most would have to save for the down payments which could range anywhere from 5% to 20%
it has made it very difficult for a typical family to be able to achieve that dream and that was just to apply. Think about that what is 5% of a 500,000 dollar house? That works out to $25,000 plus closing cost, lawyer, inspection, lets just round up to 30 thousand to just be able to qualify. And that was at the low end of the down payment. What if you had to do 20%? that down payment would be a whopping$100,000 cash down. That is darn near impossible for a normal family.
How can a family save 25 to 100 thousand while still renting, paying for your car or other transport, heat, and don’t forget somewhere you have to buy food to eat. And if you have kids, well you may as well forget about qualifying for a house.
And this is where Paraiso Tiny Homes became a thought for us. We saw our extended family, nieces and nephews. Having a hard time getting a house. We met ladies, and men struggling to find some to rent that they could afford. As the houses or even rooms they had been renting were no longer an option due to the owners selling the house they lived in to cash in on the insane housing prices they blew up.
However, since all of that, which helped us create the idea and understand the true need of a Tiny Home and helping create some sort of, a lot has since happened. And I can sum it up with one word. “Covid”. With the Government mandated lockdowns to help stop or at very least control the spread of this virus. The side effect of that action has been wide spread job loss as well as full on businesses that just could no longer stay open. After all there was no sales, customers, or revenue. Just this last month we have seen the highest ever job loss recorded in Canadian history here you can read that news article here https://www.blogto.com/city/2021/02/ontario-largest-number-job-losses-recorded-history
With so many people having a hard time before just to save or qualify for a home. And now with mass unemployment as well as expensive rent costs. There has never been a greater need then now for Tiny Homes.
Paraiso Tiny Homes has a solutions that can help in two ways:
affordable homes for those who wants the comfort, same facilities as home without the high costs of utilities, hydro, maintenance & land taxes.
As well, Paraiso Tiny Homes can help existing home owners create an additional stream of income by having a Paraiso Tiny homes on their property without compromising their own personal main house space.
Paraiso Tiny homes is available to answer any questions you may have. Feel free to message us & follow us on Facebook & Youtube to learn more on How we can help you today.