Making the move from renting to buying a home can be a difficult one.
In a perfect situation, mortgage payments would be the same as monthly rent, and you could feel as if you’re working towards making that home your own.
With interest rates lower than they’ve been in years, buyers are finally able to purchase their very own home for a similar cost to renting with Brookfield Residential.
For those tired of renting, the townhomes at Grove on 25th in The Orchards and Vista Pointe in Chappelle Gardens offer the opportunity first-time homebuyers have been waiting for, without any compromise required.
These townhomes, with two- and three-bedroom units up to 1,435 sq ft, are starting from the low $200,000s or just $444 bi-weekly — with options that fit a variety of price points depending on your budget.
Two people who decided to take advantage of the low interest rates and mortgage payments are Brookfield employees — Daniella T. and Ilana Staniscia. Both were blown away by the product their company sold, so much that they decided to buy it themselves.
“I didn’t want my employment at Brookfield Residential to bias me into buying the wrong home for me, so I viewed tons of homes in the city from other builders,” said Daniella T. “In the end, nothing compared to Brookfield,” she added.
Staniscia purchased her home for the price, but the style as well. “I fell in love with the layout, it checked all my boxes! The price was within my budget, and I was able to imagine myself living and making the space my own,” she said.
The townhomes and surrounding community are the ideal chance to make your home your own. With thoughtful details and features, every homebuyer can personalize their space to best express themself.
The low-maintenance lifestyle of Brookfield Residential communities means you’ll never have to worry about cutting grass or shovelling snow again — those things are taken care of for you.
Meanwhile, inside each home, curated interior design selections allow you to elevate your space. All new townhomes include quartz countertops, luxury vinyl plank flooring, and a smart home package — at no extra cost.
“I selected the unit based on my needs and ended on a corner unit,” said Staniscia. “I loved picking my own colours and interior selections. I loved having that flexibility, and three years later, I am still happy with the selections I made!” she added.
The open-concept interiors evoke a comfortable living space for relaxing, working, and entertaining — but so does the community around the townhomes. Both communities are near shops, parks, and paths to explore.
“I think The Orchards is the perfect community for every stage of life. At my stage, I am excited about the expanding commercial options, proximity to South Common, proximity to the Anthony Henday, and walking trails/scenic ponds. For young families, there are schools, playgrounds, and tons of other families,” said Daniella T.
There’s also an abundance of amenities to enjoy.
Both Chappelle Gardens and The Orchards offer exclusive access to the Residents’ Association with different events and programming. This gives you the option to partake in yoga classes, join cooking classes, watch movies in the park, enjoy musical entertainment, game nights, and catch up with neighbours by the fireside gathering space. If you’re a resident at Chappelle Gardens, you can grow veggies in the community garden, too.
There’s also an NHL-sized hockey rink, tennis courts, and more, fostering a fun and active lifestyle all year round.
For both Daniella T. and Ilana Staniscia, the gorgeous townhomes and community living are what made them choose Brookfield Residential — but it’s the fantastic opportunity of low costs that allowed them to go through with it.
“Renting just doesn’t make sense right now with mortgage rates so low,” said Daniella T. “To put it in perspective, I was paying over $1,500 all-in to rent a 500 sq ft condo. I loved my condo, but I decided that it simply didn’t make financial sense to spend that much monthly and build up zero equity. I wanted to lock in a mortgage with the rates as low as they are right now. I am now paying hundreds less per month all-in to own my own place rather than rent, and I get to build equity while I do it,” she added.
Staniscia also felt the decision to buy a townhome with Brookfield Residential was a no-brainer. “The feeling of owning your own home in a premium community is like no other. The best part about The Orchards is that no matter what your budget is you can find a home there. There is an exclusivity that comes with buying a home in an area that has amenities which are only accessible to The Orchards residents, this gives you pride in your home and makes you feel welcomed,” she said.
Daniella T. appreciated how cost-effective and enjoyable the overall process was.
“It was as easy as finding a few floor plans I liked, touring them with the help of the sales team, and making a decision,” she said.
“Aside from the mortgage application side, Brookfield Residential handled everything. They worked with my lender for everything — all I had to do was sign the offer, and it was all taken care of. I also was relieved to save on lawyer’s fees. When you buy a home with Brookfield Residential, they allow homebuyers access to their in-house lawyer, and that’s a huge expense to save — between $1,000 to $2,000 — that you can’t include in your mortgage,” she added.
With renting vs. buying being more comparable than ever, right now is the perfect time to explore opportunities for homeownership in Edmonton.
To learn more about the townhomes at Grove on 25th in The Orchards and Vista Pointe in Chappelle Gardens, visit the Brookfield Residential website.