Custom Home – Month 12: Frustrations

TWELVE MONTHS! A FULL YEAR!

We’ve come a long way in the last year but we are still nowhere near the finish line… And that, in part, is the source of our frustrations this month.

Since February, very little work has been done on the house and the work that has been done has taken twice as long than expected. For every day that there was someone working at the house, there would be another 3-4 days where the house sat empty. Despite being disappointed each time we went to the house to find that nothing had been done, we hung on to hope that we would somehow still close on schedule.

Then, April 7, 2021 marked our “120 days until closing” timeline. For those who are building or even just applying for a mortgage, you know that mortgage rates in Ontario can be locked in as of 120 days prior to closing. So I wrote to our builder to confirm that we were still on track for the August 4th closing. That’s when we first learned that we were likely looking at closing in mid-September…

I can’t say that I am surprised by the delay – we are in the middle of a world pandemic after all – but we were still naively holding on to hope that we had somehow escaped the labour and supply chain shortages that everyone is experiencing these days… Alas, we didn’t. So, we were frustrated by the news of the delay but we understood…

And then, by mid-April, our frustration turned into panic. When we told our landlord that the closing date had been pushed and that we would be renting for an extra month, he told us we could stay until September 30 at the latest because he is planning on selling the house in the Fall (we don’t blame him, it is an insane seller’s market at the moment)… So now we don’t have a closing date and we will need to be out of this home by the end of September.

We’ve let our builder know our current situation and are just holding on to hope that it will all come together. Taking possession of the house in August is off the table but there’s still a chance for a September closure. In the meantime, it’s going to be a stressful 4 months… In the end, we know that it will all be worth it; it is just hard right now to see the forest past the trees…