The STEHBA Mission

The STEHBA Mission


Comprised of builders, renovators, land developers, suppliers, sub-trades,
manufacturers, financial institutions & professionals - STEHBA members account
for more than 80% of the residential construction activity in St. Thomas & Area
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Become a Member

Become a Member


The members of STEHBA are industry professionals that you can depend
upon. Members not only benefit from being part of STEHBA, but also
benefit from membership in the Ontario Home Builders' Association,
and Canadian Home Builders' Association.
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2019 HOME SHOW

2019 HOME SHOW


Register for this years 2019 St. Thomas Home Show
March 29, 30th, 31st 2019 at the Joe Thornton Community Centre, 2 Third Ave
REGISTER
Renomark

Renomark


Your national sources for renovation advice and professional renovation
contractors. Helping you to make informed decisions about your home's
renovation project so you can renovate with confidence! RenoMark &trademark;
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Developments

Developments


Wondering where our home builders are currently building?
Explore the building developments in the St. Thomas & Elgin Region.
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Energy Star Certified

Energy Star Certified


Energy Star homes are more energy efficient than typical new homes.
They are designed and built to high standards, inspected, tested and verified.
Energy Star homes are built better from the ground up.
Find Out More

Want to become a STEHBA Member? Sign up to start benefiting today!

Canadian Home Affordability Sees Biggest Improvement In A Decade – Huffington Post


Canadian Home Affordability Sees Biggest Improvement In A Decade – Huffington Post

It’s a bit premature to say houses in Canada are affordable again ― in fact, it’s way too premature to say that ― but … the latest housing affordability monitor from National Bank of Canada shows the cost of owning a home, relative to income, saw its steepest drop in a decade in the second quarter of this year. The last time affordability improved this much, it was due to a sharp slowdown during the financial crisis of 2008-09. This time around, it’s falling mortgage rates, combined with rising wages. It took 45.1 per cent of an average household’s income to afford the mortgage on a median-priced home in the 11 major cities covered by the report, down from 48.7 per cent in the space of just three months. Still, it’s well above the 30-per-cent mark that is generally considered affordable.

 

Commentary: The critical line in this article (and unlike its misleading headline), is: “Most potential buyers excluded by (the mortgage stress test) still are,” [National Bank economists] wrote. CHBA will continue to call on the current government and opposition parties alike to adjust the stress test to better align it with current market conditions and the plight of first-time buyers. Learn more about CHBA’s recommendations to improve housing affordability by reading CHBA’s submission for the House of Commons Finance Committee’s consultation for Budget 2020

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