GTA Homes Magazine - April 20, 2024

PERSONAL FINANCE | JESSE ABRAMS

Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com

WESTERN VIEW | MIKE COLLINS-WILLIAMS

Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.

HOME REALTY | DEBBIE COSIC

Debbie Cosic is CEO and founder of In2ition Realty. She has overseen the sale of more than $15 billion worth of real estate. With Debbie at its helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. in2ition.ca

DECOR | LINDA MAZUR

Linda Mazur is an award-winning designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds throughout the GTA and Canada. lindamazurdesign.com @LindaMazurGroup

TRREB REPORT | JENNIFER PEARCE

Jennifer Pearce, TRREB President, is a Broker and Owner with ReMax Rouge River Realty Ltd., a family owned and operated brokerage. She is a secondgeneration realtor and has been licensed since 2000. trreb.ca

BIG STYLE | LISA ROGERS

Lisa Rogers is Executive Vice-President of Design for Dunpar Homes. Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and The Shopping Channel. Lisa is also a regular guest expert on CityTV’s Cityline. dunparhomes.com.

LEGALLY SPEAKING | JAYSON SCHWARZ

Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. He can be reached by visiting schwarzlaw.ca or by email at info@schwarzlaw.ca or phone at 416.486.2040.

BILD REPORT | DAVE WILKES

Dave Wilkes is president and CEO of the Building Industry and Land Development Association (BILD), the voice of the home building, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter at @bildgta or visit bildgta.ca

SENIOR VICE-PRESIDENT, SALES, NEXTHOME

Hope McLarnon

416.708.7987

hope.mclarnon@nexthome.ca

DIRECTOR OF SALES, ONTARIO, NEXTHOME

Natalie Chin 416.881.4288

natalie.chin@nexthome.ca

SENIOR MEDIA CONSULTANTS

Amanda Bell 416.830.2911

amanda.bell@nexthome.ca

EDITORIAL DIRECTOR

Amanda Pereira

EDITOR-IN-CHIEF – GREATER TORONTO AREA

Wayne Karl wayne.karl@nexthome.ca

CONTRIBUTORS

Jesse Abrams, Mike Collins-Williams, Debbie Cosic, Sara Duck, Barbara Lawlor, Linda Mazur, Ben Myers, Jennifer Pearce, Lisa Rogers, Jayson Schwarz, Dave Wilkes

EXECUTIVE MEDIA CONSULTANTS

Jacky Hill, Michael Rosset

VICE-PRESIDENT, MARKETING – GTA

Leanne Speers

MANAGER CUSTOMER SALES/SERVICE

Marilyn Watling SALES & MARKETING CO-ORDINATOR

Gary Chilvers

BUSINESS DEVELOPMENT MANAGER

Josh Rosset

DISTRIBUTION distributionteam@nexthome.ca

ACCOUNTING INQUIRIES accountingteam@nexthome.ca

DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs

VICE-PRESIDENT, PRODUCTION – GTA

Lisa Kelly

PRODUCTION MANAGER – GTA

Yvonne Poon

Alicesa Pullan

WELLNESS-INSPIRED LIVING IN GEORGETOWN.

Remington Homes is thrilled to make their return to Georgetown, embodying the ethos of the community with their latest development, Juniper Gate. Nestled in the quaint town, this enclave of newly designed bungalows, bungalofts, and townhomes will seamlessly blend high-end style with

the idyllic, natural surroundings of the Niagara Escarpment. From new families looking for their perfect first home, to empty nesters looking for a quieter pace of living, Juniper Gate has something for everyone, at every stage of life.

MORE GOOD NEWS FOR HOUSING

EMAIL: wayne.karl@nexthome.ca

TWITTER: @WayneKarl

We hesitate to sound like a broken record, but once again, good news for the new home and housing industry overall bears repeating.

Last issue we highlighted the positive developments that were finally taking place in real estate. As early as February, we could see there was relief on the horizon for housing supply, interest rates, inflation, government policy and other issues that had been causes for concern.

In anticipation of spring, usually “busy season” in real estate, there was a growing number of reasons to feel optimistic. A pause in interest rate hikes from the Bank of Canada (BoC) – and anticipation of a drop as early as spring – and growing pent-up demand, signaled that homebuying conditions were becoming increasingly favourable.

Now, a number of sources are reporting very positive results. Royal LePage says the aggregate price of homes in the GTA rose 5.2 per cent year-over-year in the first quarter of 2024, and 4.8 per cent on a quarterly basis – including 1.4-per-cent growth in Toronto year-over-year. Even better, the realty firm forecasts GTA home prices to rise 10 per cent in the fourth quarter.

In terms of housing policy, both the provincial and federal government have announced major programs to address the housing supply shortage – including a highly anticipated Housing Plan that Ottawa was to include in Budget 2024, released at press time on April 16.

One caution, perhaps, came from the Bank of Canada’s latest interest rate announcement on April 10, when BoC again held its overnight rate at five per cent.

With no announcement scheduled for May, this sets the stage for June 5, for what many experts believe will be the Bank’s first rate cut since its last hike in July 2023.

By then, we could well be deep into a frothing housing market in the GTA, with new and resale home sales and prices returning to healthier levels.

NEW HOME INVENTORY EXPANDS IN FEBRUARY IN ANTICIPATION OF ACTIVITY THIS SPRING

GTA new home sales remained expectedly soft in February, with new home inventory edging up, the Building Industry and Land Development Association (BILD) reports.

There were 753 new home sales in February, which was down 20 per cent from February 2023 and 73 per cent below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.

“GTA new homes sales in February remained soft,” says Edward Jegg, research manager with Altus Group. “However, builders have been adding inventory in anticipation of the return of buyers into the market.”

Condominium apartments, including units in low-, mediumand highrise buildings, stacked townhouses and loft units, accounted for 379 units sold in February, down 50 per cent from February 2023

and 78 per cent below the 10-year average. This was the second lowest February for condominium apartment sales on record.

There were 374 single-family home sales in February, up 103 per cent from February 2023 and 66 per cent below the 10-year average. Single-family homes include detached, linked and semi-detached houses and townhouses (excluding stacked townhouses).

Total new home remaining inventory increased compared to the previous month, to 20,177 units. It included 16,747 condominium apartment units and 3,430 singlefamily dwellings. This represents a combined inventory level of 12 months, based on average sales for the last 12 months. This remains one of the highest inventory levels for new homes seen in the last decade and means there is plenty of choice for new-home buyers.

“With inventory growing, builders are clearly indicating they are ready to do their part to meet the provincial objective of building 1.5 million homes by 2031,” says Justin Sherwood, senior vice-president communications and stakeholder relations at BILD. “All we need now is for the signal that interest rates will begin to moderate. This will give buyers the confidence to re-enter the market, take advantage of the available inventory and pricing that has moderated since the previous market peak.”

Benchmark prices increased in February for single-family homes and decreased for condominium apartments compared to the previous month. The benchmark price for new condominium apartments was 1.04 million, down six per cent over the last 12 months, while the benchmark price for new single-family homes was $1.58 million, down 10 per cent.

Artist’s concept

INDUSTRY APPLAUDS FEDERAL HOUSING PLAN ANNOUNCEMENT

The Building Industry and Land Development Association (BILD) applauds the federal government for its recent housing supportive announcement and notes that the top-up of $400 million to the Housing Accelerate Fund and $6 billion for a new Housing Infrastructure Fund is exactly what is needed to support housing all Canadians.

“Challenges surrounding existing infrastructure and building new infrastructure, particularly water and waste-water, have created significant development bottlenecks in the Greater Toronto Area,” says Dave Wilkes, president and CEO of BILD. “This commitment by the federal government to invest in critical infrastructure is vital to unlocking housing supply to meet Canada’s rapidly growing population, enabling more homes to be built and will help address the housing affordability crisis.”

The conditions in the federal government’s announcement that municipalities must commit to implementing a three-year freeze on increasing development charges will also assist in further addressing affordability. For years, BILD had been signaling that increasing development charges are contributing significantly to affordability challenges for new owners. Added costs from fees, taxes and charges from all levels of government, add 25 per cent to the cost of an average single-family home in the GTA, and are therefore driving up housing costs. Freezing development charges will stop the upward trajectory of these costs and provide relief to new-home buyers.

BILD says it has urged all levels of government to prioritize investing the critical infrastructure that is needed to get shovels in the ground to build new homes to meet the ever-increasing demand. Coupled

with the provincial government’s housing infrastructure investment announcement in late March, BILD acknowledges the tremendous commitment from the federal and provincial governments to enhancing housing-supportive infrastructure, particularly water and wastewater. It is exactly this type of support and infrastructure that is needed to meet Ontario’s housing objective of building 1.5 million homes by 2031.

BILD says it looks forward to learning about additional measures to address housing supply and affordability, as further details of the federal government’s Housing Plan are released.

On the resale side, the Toronto Regional Real Estate Board (TRREB) calls Canada’s Housing Plan is a historic commitment to addressing the housing crisis that is projected to unlock 3.87 million new homes by 2031.

TRREB is among the industry voices calling for governments to step up and make it easier to build more homes people can afford in the Greater Golden Horseshoe. Canada’s Housing Plan delivers funding and support that will help provinces and local governments

end exclusionary zoning, freeze development charges, and build housing enabling infrastructure.

“TRREB is pleased to see that Canada’s Housing Plan commits to helping future homebuyers achieve their dreams through extending mortgage amortizations for firsttime home buyers and increasing the home buyers’ plan withdrawal limit to $60,000 for an individual or $120,000 for couples,” says Jennifer Pearce, TRREB president. “These are important changes that will help keep the dream of homeownership within reach for individuals and families.”

TREBB says it also welcomes the plan’s commitment to provide funding to build affordable rental units that meet everyone’s needs, including students and seniors, as well as leveraging under-utilized public lands to increase housing supply across the country.

TRREB says it encourages all levels of government to take a “Team Canada” approach to solving our housing affordability crisis.

“Finding an affordable place to call home cannot be a partisan issue that divides us,” says Pearce. “We must unite to meet this historic housing challenge.”

GTA TO LEAD THE WAY IN 2024 HOME PRICE GROWTH: ROYAL LEPAGE

Royal LePage is forecasting that the aggregate price of a home in Canada will increase 9.0 per cent in the fourth quarter of 2024, compared to the same period last year – with the Greater Toronto Area among the leaders in growth.

According to the latest Royal LePage House Price Survey, the aggregate price of a home in Canada increased 4.3 per cent yearover-year to $812,100 in the first quarter of 2024.

On a quarter-over-quarter basis, the national aggregate home price increased 2.9 per cent, an indication that sidelined buyers are rebooting their real estate purchase plans ahead of expected interest rate cuts.

“Consistent with our previous forecast, the market did reach a critical tipping point in the first quarter of 2024, when home prices bottomed out and began to appreciate again,” says Phil Soper, president and CEO, Royal LePage. “Clearly, more and more buyers are motivated by the need to get ahead of rising home prices, rather than adopting the strategy of waiting for mortgage rates to fall.”

Within the first months of the new year, the Canadian housing market has already recorded solid price appreciation and higher sales activity. Starting in July of 2023, the Bank of Canada has held rates steady through six review periods. This has prompted many homebuyers to come off the sidelines in advance of what they expect will be a more competitive spring market that will drive home prices higher.

“Many consumers – particularly first-time buyers – who have the capacity to transact have accepted and adapted to the higher borrowing cost environment. Thus, the modestly-rising home prices we are experiencing today,” Soper says. “Once the central bank does

make a move, and that first highlyanticipated cut to rates is made, even if it is only by 25 basis points, I expect we will see the price appreciation curve steepen upwards when the highly rate-focused crowd jumps into the market.”

The Royal LePage National House Price Composite shows the national median price of a single-family detached home increased 4.5 per cent year-over-year to $845,300, while condominiums grew 3.5 per cent to $591,900. On a quarterover-quarter basis, the median price of a single-family detached home increased 3.6 per cent, while condominiums rose 1.4 per cent.

“Given the strong start to 2024, the cadence of the market for the balance of the year points to a normally busy spring market that will lead into an uncomfortably busy fall. It is clear we are rapidly transitioning away from a buyers’ market and back to an environment where the seller has the upper hand,” notes Soper.

The aggregate price of a home in the greater regions of Toronto and Montreal are forecast to increase 10 per cent and 8.5 per cent yearover-year, respectively, in the fourth quarter of 2024, outpacing price gains in the city of Calgary, which was previously expected to see the greatest increase in home values this year.

GTA HIGHLIGHTS

The aggregate price of a home in the GTA increased 5.2 per cent yearover-year to $1.17 million in the first quarter of 2024. On a quarterly basis, the aggregate price of a home in the GTA rose 4.8 per cent.

Broken out by housing type, the median price of a singlefamily detached home increased 3.9 per cent year-over-year to $1.45 million in the first quarter of 2024, while condominiums rose 3.7 per cent to $733,600.

“The first three months of the year were busier than expected in Toronto and the surrounding regions,” says Karen Yolevski, chief operating officer, Royal LePage Real Estate Services Ltd. “Warm winter weather and the anticipation of tight competition once the Bank of Canada reverses course on part of its steep interest rate hike campaign have prompted some buyers who had been sidelined last year to reenter the market with a renewed sense of purpose.”

In Toronto, the aggregate price of a home increased 1.4 per cent yearover-year to $1.16 million in the first quarter of 2024. During the same period, the median price of a singlefamily detached home increased 3.1 per cent to $1.70 million, while condominiums rose 1.3 per cent to $714,900.

The Toronto Regional Real Estate Board (TRREB) praises the new Ontario budget, saying it provides key supports to address housing affordability crisis in the province.

Lack of housing affordability in Ontario is leaving individuals and families on the sidelines of the Canadian dream of homeownership, TRREB says. To reverse this trend, governments must prioritize bold policy changes that will speed up the building of thousands of new homes.

“The release of the 2024 Ontario Budget provides critical support to the province’s effort to save the Canadian dream of homeownership,” says Jennifer

Pearce, TRREB president. “Ontario is moving ahead with critical funding to connect developable land to water, sewer and other housing enabling infrastructure. This infrastructure funding will unlock thousands of new homes across the Greater Toronto Area.”

Pearce says the province is also following TRREB’s advice to go all-in on modular housing. Modular homes are built quickly and are a cost-effective option that will help Ontario meet its housing supply targets. The budget signals the province’s strong commitment to using modular housing and more innovative technologies to help solve the housing affordability crisis.

TRREB has worked with the Ford government and the Ontario real estate industry to introduce five pieces of legislation, including More Homes, More Choice; More Homes Built Faster; Affordable Homes and Good Jobs; Helping Homebuyers Protecting Tenants ; and Strong Mayors Build Homes

Each of these Acts have cut red tape and streamlined approvals to ensure the Greater Golden Horseshoe can meet the housing supply targets.

“We will continue to take action and work with policymakers to ensure homeownership and rental properties are affordable in our region for future generations,” says Pearce.

TRREB PRAISES NEW ONTARIO BUDGET FOR ADDRESSING AFFORDABILITY LUXURY MARKET SET FOR SURGE IN SPRING

Homebuying activity in most luxury markets across the country is slowly shifting into high gear, as buyers reap the benefits of softer housing values, according to a new report from ReMax Canada.

The company’s 2024 Spotlight on Luxury Report examined luxury home-buying activity in 10 markets across the country in the first two months of the year and found that, despite a disconnect between buyers looking for deals and sellers’ price expectations, almost all regions reported a strong start to the year. Ninety per cent of markets experienced an increase in high-end sales, with more than two-thirds recording double-digit growth. Toronto and London reported increases of 14.4 per cent and 9.4 per cent respectively.

“While figures remain off peak levels reported during COVID, the upswing in luxury sales

signals a return to overall health in the country’s major centres,” says ReMax Canada President Christopher Alexander. “The ripple effect is already underway, with stronger homebuying activity at lower price points pushing sales into the upper end. In some cities where inventory levels are particularly challenging at the lower end, multiple offers have returned with a vengeance. While that isn’t the case at the top end, pent-up demand does exist, and activity is gaining momentum.”

Condominiums have been a popular option this year, despite single-detached homes comprising the lion’s share of luxury sales. Condo activity was strongest in Metro Vancouver, where sales climbed close to 70 per cent in the first two months of the year (27 versus 16). Solid condo activity at the high-end price points was

also reported in London, fuelled by empty nesters and retirees, and in Ottawa and Montreal.

GREATER TORONTO AREA

The GTA luxury market has sprung back to life in the first two months of the year, with home sales above the $5-million price point leading the way. Thirty-two freehold and condominium properties changed hands between Jan. 1 and Feb. 29, up 77 per cent from the 18 sales reported during the same period in 2023. Of the 32 properties sold for more than $5 million to date, 17 sales occurred in the 416, while 15 were in the 905.

Interest rates remain the greatest roadblock to homeownership at present, ReMax says. It’s anticipated that once rates start to fall, Toronto’s housing market will be exceptionally robust, with pent-up demand the driving force.

GERANIUM HOLDS BEHIND-THE-SCENES NEW HOME CONSTRUCTION TOUR IN AURORA

Award-winning developer and builder Geranium recently hosted hard hat tours for homeowners-in-waiting and prospective buyers at the company’s Allegro community in downtown Aurora, with more than 100 people attending. The tours provided an exclusive look at what the company does behind-the-wall to futureproof its new homes – aiming to educate and provide insight on the construction process.

Group tours at Aurora – a collection of 52- and 61-ft. homes nestled in an existing neighbourhood of mature-treed lots – were led by Geranium’s construction staff through a 4,000-sq.-ft. home at the framing stage. These events are unique and are above and beyond the standard practice in the industry, setting the company apart, Geranium says.

“We’ve hosted hard hat tours for many years and the feedback is always very positive,” says Stephanie Lane, vice-president, sales and marketing. “Homebuyers often focus on their finishes, such as countertops, flooring, tiles and more, but we feel it’s equally as important for them to know how a home is built and the mechanisms behind the walls.”

Some of the items covered in the tours included the benefits

of raised heel roof trusses, use of Tyvek home wrap as a drainage plane and air barrier, the different types of insulation used and their respective R-values, efforts made to reduce water leaks in bathrooms and laundry areas, and the inclusion of greywater rough-in lines, a standard in every executive home built by Geranium, for the future purchase and installation of a water recycling system.

“My tour experience was great,” says Eric A., attendee and prospective buyer at Allegro. “The construction lead, Andrew, was very knowledgeable. I appreciate the fact that Geranium is using building materials and standard features that exceed the building code. One feature that stood out to me, and I give Geranium credit for, is the use of two-stage HVAC systems, which is an awesome feature. I also love the loggia included in the home, and the big window designs won my heart. Overall, I had a very positive experience with the home construction and tour.”

Since 1977, Geranium has been creating master-planned communities and building quality new homes in the Greater Toronto Area and southern Ontario. These

include Friday Harbour Resort in Innisfil, Courts of Canterbury adult lifestyle bungalows in Port Perry, and estate homes in Claremont, Aurora and Pickering. A longtime advocate of transparency, the company has been inviting its homebuyers and potential purchasers to behind-the-scenes tours of homes in progress for nearly 20 years to demonstrate its approach to design and construction.

NEW COMMUNITY

The ethos of living – at Juniper Lake in Georgetown by Remington Homes Remington Homes is thrilled to make a return to Georgetown, embodying the ethos of the community with its latest development – Juniper Gate. From new families looking for their perfect first home, to empty nesters looking for a quieter pace of living, Juniper Gate has something for everyone, at every stage of life.

HOME SALES

Buyers re-enter the GTA housing market in February – TRREB

GTA home sales and new listings were up on an annual and monthly basis in February 2024, while selling prices also edged upward compared to a year earlier, according to the Toronto Regional Real Estate Board. Population growth and a resilient regional economy continued to support the overall demand for housing.

HOUSING MARKET

Canadian home prices stabilize in advance of spring market.

Canadian home prices as measured by the seasonally adjusted Aggregate Composite MLS Home Price Index were flat on a month-over-month basis in February 2024, ending a streak of five declines that began last fall, according to the latest data from the Canadian Real Estate Association.

NEW LOWRISE HOMES

Find your dream home in Fieldgate’s signature GTA communities

Fieldgate Homes is open for purchasing by virtual sales appointments across the GTA. Sales teams are waiting to help you find your perfect Fieldgate home in a number of featured communities.

PERSONAL FINANCE

4 tips for buying a home on a single income

In today’s market, with high interest rates and volatile inflation, making a home purchase on your own might seem out of reach. However, with home prices dropping, rates holding steady and fixed rates lowering, the path ahead is looking a lot brighter for homebuyers, especially those entering the market for the first time.

Visit nexthome.ca

2024 HOUSING SUMMIT

DISCUSSES GOVERNMENT-INDUSTRY CO-OPERATION

MIKE COLLINS-WILLIAMS

As the Greater Toronto and Hamilton Area continues to experience the effects of the ongoing housing crisis, the development industry, alongside municipal, provincial and federal government partners, continues to advocate for policy changes to create opportunities that increase housing supply and affordability.

On March 25, in the spirit of collaboration, the Ontario Home Builders’ Association (OHBA), the West End Home Builders’ Association (WEHBA) and the Building Industry and Land Development Association (BILD), in partnership with Enbridge Gas, hosted the inaugural 2024 Central Ontario Housing Summit, in Burlington. Featuring several panel discussions, presentations by elected officials, and opportunities for open dialogue, the Central Ontario Housing Summit provided an opportunity for industry and government to engage in collaborative discussions on how to address the current housing shortage.

Beginning with opening remarks from WEHBA President John-Anthony Losani, Susan Cudahy of Enbridge, OHBA President Dave Depencier and Minister of Municipal Affairs and Housing Paul Calandra, both the private and public sector expressed commitment to working together, with a focus on “innovation, collaboration and forward thinking,” says Depencier.

For the first session of the day, Conservative Shadow Minister of Housing MP Scott Aitchison, alongside WEHBA CEO Mike Collins-Williams, discussed the role of the federal government in housing policy, his

experience as a municipal councillor in Huntsville and how, if elected a Conservative federal government would move the needle on housing.

During the second session, Provincial Associate Minister of Housing Rob Flack, MPP highlighted the province’s effort to make the dream of homeownership a reality for Ontarians, through creating an environment for the private sector to deliver housing.

The first discussion panel, titled “Housing Supply in Action” featured several professionals from the residential construction Industry at large. The panel explored data, demographics and the causes of the housing crisis, as well as the next steps, including increasing support for infrastructure and innovation. Burlington Mayor Marianne Meed Ward hosted the lunch session and outlined the steps Burlington has taken to facilitate housing supply, including improvements to housing permitting processes and emphasizing the need to “shoot for the stars” on housing policy.

For the afternoon program, Parliamentary Secretary of Housing MP Chris Bittle took the stage and further explored the federal role in increasing housing supply. Following lunch, two discussion panels, “Finding the Missing

Middle” and “Building Capacity,” explored the barriers and successes in building new housing. The panels also discussed the need for cities to reduce barriers that prevent certain types of housing and innovations taking place in modular housing, automation, AI and education to facilitate building more homes during a labour shortage.

For the last session of the day, Parliamentary Assistant to the Minister of Municipal Affairs and Housing, MPP Matthew Rae emphasized the need to make the dream of homeownership a reality, and outlined what the provincial government is doing to facilitate that dream. Cudahy of Enbridge and WEHBA’s CollinsWilliams closed the event, reiterating that the private and public sectors need to take drastic action to break down barriers to housing supply, and work in collaboration to ensure affordability, attainability and quality housing for all.

Mike

Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.

A MILESTONE DEVELOPMENT

IN COURTICE

Nestled within the serene landscape of Courtice is a burgeoning community that embodies modern living amidst the tranquility of natural beauty. Courtice is a picturesque town located in Durham Region, just 10 minutes east of Oshawa – and has recently emerged as a waypoint for homeowners seeking convenient connectivity, a proud sense of community and an enriching lifestyle that nurtures the things they value most. With its unique blend of urban amenities and natural charm, Courtice has become an increasingly attractive destination for families and individuals drawn to the promise of a balanced lifestyle and vibrant community spirit.

Feb. 23, 2024, was a milestone day in Courtice, as award-winning homebuilder Tribute Communities held a ribbon-cutting ceremony for its newest home community

– Courtice Glen. This momentous occasion was attended by Clarington Mayor Adrian Foster, town councillors and staff, as well as Tribute Communities’ CEO Steven Libfeld and team members. The Courtice Glen ribbon-cutting marks the first Tribute community to come to Courtice, and with it, an incredible opportunity for homebuyers across southern Ontario.

INTRODUCING THE NEWEST FAMILY COMMUNITY IN COURTICE

Courtice Glen epitomizes the values of modern family living and stands as a testament to Tribute Communities’ commitment to crafting exceptional neighbourhoods designed for families. Boasting a diverse range of home designs tailored to meet the needs of today’s established and growing families, Courtice Glen offers a sanctuary where comfort,

convenience and community reach a pinnacle.

Spanning acres of lush greenery, Courtice Glen offers residents a retreat from the hustle and bustle of urban life without sacrificing connectivity or access to modern urban amenities. The residences of Courtice Glen are tailored to suit a range of family lifestyles and preferences, catering to prospective homebuyers looking for their ideal sanctuary. From cosy townhomes to spacious semis, 30-, 36- and 40-ft. detached designs and residences with unique secondary suites, each home is meticulously crafted to reflect the needs of modern living while prioritizing functionality and comfort. Whether homebuyers are part of a growing, established or multigenerational family, the residences now selling at Courtice Glen offer

an incredible new home opportunity from just $799,000.

As Courtice continues to evolve and flourish, Courtice Glen stands as a shining example of thoughtful community development, where modern living intertwines with the beauty of nature. With its idyllic setting, diverse housing options and unwavering commitment to quality, Courtice Glen offers a compelling opportunity for individuals and families to embrace a life of comfort, convenience and community. Plus, with future GO trains being added to the existing GO bus transit and regional transit already in service, Courtice will be more connected than ever before – all while maintaining a unique smalltown charm that’s celebrated by the families who live here. Guided by Tribute Communities’ vision and dedication, Courtice Glen is poised to become not just a place to live, but a vibrant landmark where dreams are realized – and memories are made for generations to come.

TRIBUTE COMMUNITIES: A LEGACY OF EXCELLENCE

Tribute Communities, the visionary behind Courtice Glen, boasts a

rich legacy spanning more than 40 years. Since its inception, Tribute Communities has earned acclaim for its unwavering dedication to quality craftsmanship, innovation and customer satisfaction. With a

diverse portfolio of award-winning communities across Durham Region, the Greater Toronto Area and Toronto proper, Tribute Communities has been integral to defining the landscape of southern Ontario.

Throughout its four-decade history, Tribute Communities has been building a vision. A tribute to everything that’s home, to everything that’s community, and to the families that live in them. With 40,000 new homes and condominiums built, the company’s mission is to create better neighbourhoods and communities for Ontario homebuyers. Tribute communities are expressions of a vibrant urban ethos, with iconic and traditional architecture, sophisticated designs and inspired lifestyle amenities everyone can enjoy. Tribute delivers exceptional communities for individuals and families because it believes they deserve nothing less. With a reputation for unsurpassed workmanship and unique features and finishes, their team of design and construction experts take

homebuilding to new heights – so that what’s innovative today is even more exceptional tomorrow.

Tribute’s commitment to quality and excellence in all facets of planning and development, sales and marketing, construction and customer care is best represented by the numerous awards the company has received, such as The Mayor’s Award from the Ajax-Pickering Board of Trade for Business Excellence; Desjardins Business Excellence Award; JD Power & Associates

Highest in Customer Satisfaction with New Home Buildings in the GTA; Tarion Homeowner’s Choice award; and many more of similar distinction.

At the core of Tribute Communities’ philosophy is a profound commitment to supporting both new and existing homeowners throughout

their new home journeys. From the initial design phase to the final inspection of homes and long after residents have moved in, Tribute Communities is truly dedicated to its homebuyers. By prioritizing transparency, integrity and customer care, Tribute Communities ensures that every homeowner’s need and aspiration is met with the utmost attention. As a decorated and award-winning homebuilder, Tribute remains actively engaged in the communities it creates by supporting local initiatives, fostering inclusivity and nurturing vibrant neighbourhoods where residents can thrive. This is the company’s commitment to you.

To learn more about Tribute’s communities near you, visit mytribute.ca.

ARTIST’S CONCEPT

THE SOCIAL IMPACT OF HOUSING UNAFFORDABILITY

JENNIFER PEARCE

Households spending more than 50 per cent of their income on housing experienced a lower well-being score – comparable to some of the most significant health challenges faced by a society, including cancer.

TRREB’s must-read 2024 Market Outlook and Year in Review Report sheds light on the evolving landscape of the GTA housing market.

The pivotal research commissioned by TRREB, including the Canadian Centre for Economic Analysis (CANCEA)’s study Locked Out: The Social Value Cost of the GTA’s Housing Crisis, reveals profound insights into the implications of housing unaffordability.

CANCEA’s findings highlight residents who grapple with housing unaffordability challenges report lower overall satisfaction and heightened stress. A staggering negative social value cost for residents living beyond their means, amounting to $37 billion in 2023. According to the report, “The social value cost attributed to housing unaffordability in the GTA is approximately 1.75 times greater than that of cancer in the GTA.”

Most strikingly, the research reveals that the social value cost of housing unaffordability surpasses that of major chronic diseases such as cancer, diabetes and heart disease. This comparison underscores the severity of the housing unaffordability crisis and emphasizes its significant impact on individual well-being.

It’s clear that housing affordability is not only an economic issue, but also a societal one. By acknowledging the social value cost and its comparison

to major health challenges, we can advocate for meaningful solutions that prioritize the health and stability of our communities.

To read the full report and much more, explore TRREB’s 2024 Market Outlook and Year in Review. You can also check out our monthly Market Watch. We break down prices, sales, and new listings each month with an easy to glance report. Visit trreb.ca for the latest look into the housing market and to connect with a TRREB member realtor.

Jennifer Pearce, TRREB President, is a Broker and Owner with ReMax Rouge River Realty Ltd., a family owned and operated brokerage. She is a secondgeneration realtor and has been licensed since 2000. trreb.ca

3 UNEXPECTED EXPENSES

TO CONSIDER WHEN BUYING YOUR FIRST HOME JESSE

If you’re planning to purchase a home as a first-time buyer, it’s likely you’ve devoted your blood, sweat and tears

to building up your down payment.

Let’s say you’ve finally saved enough cash to buy your first home purchase. To ensure you get this process started on the right foot, it’s essential that you consider the other expenses that come with this investment beyond your down payment.

CLOSING COSTS

With most first-timers focused on their down payment, they sometimes forget about the expenses that come at the end of the homebuying process, also referred to as closing costs. These are the total fees and expenses homebuyers need to pay

to finalize their home purchase, and they can add up quickly. Closing costs typically range from 1.5 to 4.0 per cent of a home’s purchase price. For example, if you’re buying a property worth $720,000, you could pay anywhere between $10,800 to $28,800 in closing costs. Generally, closing costs are paid when the property title is officially transferred from the seller to the buyer; however, there are some cases when these costs are incurred before the closing date.

Closing costs include appraisal fees, which provide an estimate of the property’s value and typically range from $250 to $350; home insurance to protect against the threat of fire or natural disasters; land transfer tax, which is a provincial tax calculated based on the home purchase price; closing adjustments, which account for costs not included in your original home purchase price, such as a hot water tank rental; title insurance to protect against title fraud; and real estate lawyer fees.

HOME INSPECTION

When you’re on the brink of buying your first home, do not overlook the importance of a home inspection. Part of your total closing costs, the average cost of a home inspection ranges between $500 to $1,000. While it might appear like an additional expense in the grand scheme of your purchase, it has the potential to save you thousands of dollars down the line, along with peace of mind. The size and structure of your new home will generally dictate the cost of the inspection.

A home inspection is crucial as it can expose potential costly repairs or maintenance issues that you might have to deal with in the future. Not to mention, many lenders require a home inspection to assess the property’s condition before approving your mortgage. More than just ticking a box for your lender, a home

inspection helps to ensure you are making an informed decision.

PROPERTY TAXES

Another expense for new homeowners to consider is property taxes. These taxes are calculated based on a percentage of your home’s value, can vary based on the city you live in and need to be paid on an annual basis. If you’re buying a resale home, you may have to repay the previous homeowner at closing if they paid the property taxes in full for the year.

Before buying, it’s important to research the property tax rates in your area and understand how they might affect your annual expenses. In some cases, property taxes can be included in your monthly mortgage payment, but in other situations, you may be required to pay them all at once. Overlooking this expense is an unpleasant surprise, that’s why it’s

important to factor them into your budgeting from the start.

Understanding and preparing for these “other” expenses can significantly ease your transition into homeownership. It’s not just about having enough for your down payment but also being financially prepared for these additional expenses. Ensuring you have a comprehensive understanding of the total cost of buying a home will help you budget better and avoid any financial stress as you enter this new and exciting chapter of your life.

Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm. thinkhomewise.com

TRANSIT EVOLUTION:

IMPACTING PROPERTY VALUES ACROSS THE GTA

DEBBIE COSIC

The Greater Toronto Area (GTA) is in an ongoing state of transformation, and nowhere is this more evident than in areas surrounding key transit developments. Toronto, Pickering and Mississauga stand as a few prime examples of regions experiencing a dynamic relationship between transit expansion and pre-construction property values.

Yorkdale Mall, renowned for its upscale shopping experience, has undergone a remarkable evolution in recent years, driven in part by transit enhancements. The opening of the Yorkdale subway station in 2017 as part of the Toronto-York Spadina Subway Extension not only improved accessibility to the mall but also boosted development in its vicinity. Pre-construction properties such as The Wilde by Chestnut Hill Developments launching this spring near the station have experienced heightened demand, with investors and homebuyers recognizing the

“

The influence of transit developments on pre-construction property values extends beyond mere proximity to transit hubs.

”

appeal of seamless connectivity and urban conveniences.

Similarly, Pickering has emerged as a hub of transit-oriented growth, fueled by the development of the Pickering GO Station and plans for the Durham-Scarborough Bus Rapid Transit corridor. These transit initiatives have positioned Pickering as a strategic location for both residential and commercial development, with pre-construction properties such as the masterplanned community of Universal City by Chestnut Hill Developments benefitting from the promise of enhanced transit connectivity and future economic prospects.

In Mississauga, transit developments such as the Hurontario LRT project have reshaped the city and influenced property values. With plans for a new LRT line connecting Mississauga and Brampton, areas along the corridor have seen a

surge in interest from developers and prospective buyers. Preconstruction properties by Amacon and Branthaven in Mississauga’s growing neighbourhoods stand to benefit from improved transit access, fostering a vibrant urban environment and strengthening property values in the process.

The influence of transit developments on pre-construction property values extends beyond mere proximity to transit hubs. Transitoriented communities, characterized by mixed-use developments and pedestrian-friendly infrastructure, are becoming increasingly sought after. These neighbourhoods offer residents a blend of convenience, connectivity and amenities, driving up property values and fostering sustainable urban growth.

In conclusion, transit developments are exerting a profound influence on pre-construction property values

and as the GTA continues to evolve and expand its transit network, stakeholders must remain aware to emerging opportunities and trends in real estate markets. By leveraging the transformative power of transitoriented growth, investors and homebuyers can capitalize on the dynamic relationship between transit developments and property values, shaping the future of urban living in the GTA.

Debbie Cosic is CEO and founder of In2ition Realty. She has overseen the sale of more than $15 billion worth of real estate. With Debbie at its helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. in2ition.ca

FIND YOUR DREAM HOME IN

FIELDGATE’S SIGNATURE GTA COMMUNITIES

Fieldgate Homes has been shaping the southern Ontario landscape for more than 65 years, with awardwinning master-planned communities and residences families have cherished for generations. Superior construction, innovative designs, unmatched attention to detail and attentive customer service are all hallmarks of the excellence. Every home is designed to reflect the contemporary needs and wants of the homebuyer through consistent community engagement – and the assurance that when you own a Fieldgate home, you are family.

Fieldgate Homes is now open for purchasing by virtual sales appointments across the GTA. You can connect by phone, video chat or email for a secure and convenient homebuying experience. Sales teams are waiting to help you find your perfect Fieldgate home. Explore these featured communities and contact the company today.

NORTH OSHAWA: DREAMSCAPE

Preview Opening – 30-, 36- and 42ft. detached singles

Find affordable living in north Oshawa during the Preview Opening of Dreamscape. This Preview Opening showcases a superb mix of expertly designed and crafted 30-, 36- and 42-ft. detached residences moments from the best modern amenities Durham has to offer. Big box stores, bespoke boutiques, delicious dining, great schools, trails and conservation areas await those who make their home at Dreamscape. Learn more at fieldgatehomes.com.

WEST WHITBY: WHITBY MEADOWS

Model Home Sale Event of freehold townhomes, semis and singles is now open

The Model Home Sale Event at Whitby Meadows is on now, making this your best opportunity to tour and purchase a selection of brandnew townhomes, semis and singles

offering West Whitby’s best lifestyle – near shopping, dining, Iroquois Park Sports Centre, Whitby GO Station, Heber Down conservation area, excellent schools and more. Visit fieldgatehomes.com to own.

PICKERING: SEATON

Now open – freehold townhomes, semis, 30- and 36-ft. singles

After much anticipation, Pickering’s master-planned Seaton community is now open. Live at the intersection of classic and contemporary with a remarkable collection of freehold townhomes, semis, 30- and 36-ft. singles in an expertly designed community amidst a serene natural landscape. Seaton has something for families and individuals alike, with Pickering Town Centre, beautiful Lake Ontario, shopping, dining, greenspaces and Toronto’s eastern border just minutes away. Own now by registering at fieldgatehomes.com.

PICKERING: SEATONVILLE

Now open – freehold townhomes 30-, 35-, 36- and 43-ft. singles

Pickering’s landmark new masterplanned community is now open, offering a spectacular array of distinctive freehold townhomes, 30-, 35-, 36- and 43-ft. singles, mere moments from downtown Pickering’s finest modern amenities and protected greenspaces. Quick and easy access to crucial transit options, Hwys. 407, 412 and 401 connect you to the whole of Durham and Toronto. Register now at fieldgatehomes.com.

MILTON: VALLEYLANDS OF SIXTEEN MILE CREEK

Now open – executive 30-, 36- and 43-ft. detached singles

Milton’s anticipated riverside community is now open. Take advantage of your rare opportunity to own 30-, 36- and 43-ft. detached riverside residences at Valleylands of Sixteen Mile Creek, with lots backing onto the creek itself. Moments to southern Ontario’s acclaimed golf courses and protected greenspaces, retail and restaurants, schools, services and access to the most convenient transit options, this is your chance to embrace a lifestyle unlike any other in Milton. Visit fieldgatehomes.com or contact us today to purchase at Valleylands of Sixteen Mile Creek.

STOUFFVILLE: CITYSIDE

Now open – Grand Opening of 36and 40-ft. singles

Make your dream home come true in an incredible community setting just moments from Stouffville’s best amenities with the Grand Opening of Cityside. Featuring a new release of 36- and 40-ft. singles, embrace city sophistication and country charm from an ideal neighbourhood close to Markham, Hwys. 404 and 407, and the Stouffville GO Station. Own now at fieldgatehomes.com.

AJAX: ATOWNS

Model Home Sale of urban townhomes is now open

Take advantage of your chance to own a pristine urban townhome

with the Model Home Sale – on now at aTowns in Ajax. Enjoy an elevated family lifestyle with superb townhomes backing onto open greenspace within a master-planned community complete with winding walking trails, beautiful parkettes, a sports court and more at Bayly Street and Salem Road. Better still, live surrounded by modern amenities and make the most of Lake Ontario moments away. Explore tasteful dining and great shopping in downtown Ajax, convenient GO Transit, easy access to Hwy. 401, and much more so close to home at aTowns. Register now at fieldgatehomes.com.

SHELBURNE: EMERALD CROSSING

Model Home Sale of 36- and 40-ft. singles is now open

Don’t miss your chance to own in Shelburne’s beloved Emerald Crossing community with a new Model Home Sale on now. Enjoy new 36- and 40-ft. singles in a beautiful country landscape surrounded by every modern convenience imaginable in Shelburne – Canada’s second-fastest growing municipality. Live minutes from big brand outlets, remarkable restaurants, breathtaking greenspaces, ski hills, golf courses and so much more. There’s no better time to get in on Shelburne’s best new home opportunity. Register now at fieldgatehomes.com.

UNIONVLLE: UNIONVILLE’S UPPER EAST SIDE

New community coming soon –freehold townhomes, 26- and 31-ft. city singles with double-car garages, 38- and 45-ft. singles

Reach the height of elegance in one of Unionville’s most desired neighbourhoods with the masterplanned community of Unionville’s Upper East Side. A collection of freehold townhomes, 26- and 31-ft. city singles with double-car garages, and 38- and 45-ft. singles backing onto Berczy Creek and open greenspaces, while connected to Unionville’s finest amenities and renowned schools. Register now at fieldgatehomes.com.

BRAMPTON: THE CRESCENTS

Coming soon – freehold townhomes and singles

Experience a master-planned community that surrounds you with Brampton’s finest at The Crescents. A collection of 30-, 38- and 45-ft. singles and freehold townhomes – on mostly crescent streets – just steps from Conservation Drive Park and Heart Lake Conservation Park. Immerse yourself in the city’s unmatched urban amenities, schools and services. Forge new connections with the convenience of Ontario’s fastest transit network, or stroll through the incredible greenspace with woodlands, parks and trails. Find the perfect place for your growing family in the city, against a vibrant backdrop of culture and energy. Register now at fieldgatehomes.com.

KLEINBURG: NEW KLEINBURG

Phase 1 has sold out. Register now for Phase 2 – one- and two-car garage freehold townhomes, semis and 30ft. singles

New Kleinburg is a community of inspired family residences in a beautiful setting just moments from the heart of historic Kleinburg. With the Hwy. 427 extension just minutes away, a new community school and excellent urban amenities close at hand, life in Kleinburg has never been more convenient. Discover a remarkable collection of expansive one- and two-car freehold townhomes in this beautiful masterplanned community. Register now at fieldgatehomes.com.

TRESA A WIN-WIN FOR REAL ESTATE INDUSTRY

BARBARA LAWLOR

The Trust in Real Estate Services Act (TRESA) is an appropriate name for the legislation that now governs how real estate agents and brokerages can operate in Ontario. This consumer protection legislation governs our conduct, which is a positive thing. Our business is based on engendering

trust when it comes to representing clients, whether they are purchasing resale or new construction. TRESA has replaced the Real Estate and Business Brokers Act (REBBA) to build on our already established trust. Phase 2 of TRESA took effect on Dec. 1, 2023. The amended Code of

Ethics now covers only the ethical requirements rather than technical and procedural requirements. The new Code is smaller in size, but truly outlines what is expected in the areas of integrity, quality of service and conflicts of interest. Plus, realtors must provide consumers with a new information guide, which is available at reco.on.ca – the same guide used by every realtor across Ontario. This new guide explains the benefits of working with a realtor for a real estate purchase, the risks of buying without representation, plus what obligations realtors owe to buyers and vice versa.

“

” I consider what real estate professionals do a noble profession. After all, “home” has a special place in our hearts.

Among the many changes for agents and brokers is also a clarification of disclosure statements, as well as a definition of a transparent offer process. Increased communication with buyers and sellers is promoted, and of course, better communication in any scenario is best for everyone involved. For example, sellers can direct the brokerage to share details of competing offers with other buyers, as long as no personal information is disclosed to identify who is making the offer.

The Real Estate Council of Ontario (RECO) provides a new Continuing Education course regarding the Phase 2 legislative reforms. The course covers items such as competing offers, professional conduct, representation and resulting agreements, disclosures, and in general, relationships when trading in real estate. And a purchaser and agent do develop a relationship, so when the parties involved know where they stand from the beginning, there is more chance for a favourable outcome.

Like Ontario Building Code, which is reviewed regularly and amended to protect new-home buyers even more, REBBA, and now TRESA, have

made Ontario a leader in North America in professional standards for real estate professionals. In the long run, these higher standards for agents and brokers are bound to improve the market, with potential purchasers having more confidence in us. The last few years have shaken the markets, but historically, we bounce back from challenges even stronger than before.

I consider what real estate professionals do a noble profession. After all, “home” has a special place in our hearts. And real estate is still a solid, tangible and potentially lucrative life and financial investment. The markets are picking up, so this new professionalism standard has come at an ideal time. There will be a third phase of TRESA in the future. For more information, visit orea.com/tresa.

and sales

new

Barbara Lawlor is CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing

of

home and condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. baker-re.com

WHAT IS A POWER OF ATTORNEY AND WHAT SHOULD IT INCLUDE?

JAYSON SCHWARZ, LLM

Whether you are a young or an older person, preparing Powers of Attorney and Wills is a necessary evil that everyone not only should do but must do. I stress this because I have seen so many times the mess that is left behind when an individual doesn’t take care of their affairs and a family is left trying to pull the pieces together.

This article is not about your Will, it is about preparing Powers of Attorney and not just using printed forms. This became glaringly obvious to me recently when a man suffered a brain aneurism, and his wife was put in the horrible position of having to decide whether to end all life support, effectively leading to the death of her husband.

The husband should have made that decision himself earlier, and spared his wife the horror and guilt. How do we do that?

There are two kinds of Powers of Attorney (POA) that each of us

should sign. The first is for financial matters. This POA allows the designated attorney to conduct all financial affairs, as if he or she were that person. This would help, for example, in a case where a person had two broken arms and couldn’t sign cheques. Even with this POA, if you want restrictions and specifics, you need to have the lawyer you retain include these details in the legal document.

The POA for personal care gets even more tricky. This is where you need to think about all of the potential problems that could occur,

and how you want to make decisions on what happens in advance. As an example, here is one kind of clause: I do not wish to be kept alive for any significant period of time if I am in a vegetative state or I am being kept alive by artificial means, unless there is a reasonable chance of my recovery such that I will no longer be in a vegetative state or kept alive by artificial means. Where there is no reasonable chance of

“ ” Whether you are a young or an older person, preparing Powers of Attorney and Wills is a necessary evil that everyone not only should do but must do.

recovery, I direct that I be allowed to die and not be kept alive by medications, artificial means or “heroic measures,” and I direct that any such medications, means or measures that would keep me alive in those circumstances be withheld or withdrawn. I do, however, ask that medication, means and measures be mercifully administered to me or medical or surgical procedures be taken to alleviate suffering even though this may shorten my remaining life. Or, as an example, here is a list to consider: Health care, nutrition, shelter, clothing and hygiene. At our firm, we typically arrange for either a GP or surgeon to be available to review these issues, and be able to discuss them with our clients as part of the process in order that we might incorporate their desires into their POA.

Taking these steps and clarifying these matters now is the best gift you can give your loved ones. Don’t wait.

Jayson Schwarz LLM is the founding senior partner of Schwarz Law Partners LLP. schwarzlaw.ca.

FABRIC LOVE

HOW TO MIX PATTERNS AND COLOURS LIKE A PRO

by LINDA MAZUR

Spring is here, and with it comes the traditional release of all new and wonderful fabrics bursting with vibrant colours, patterns and textures. As a designer, I look forward to the start of a new project. I enjoy pouring over fabric books gathering ideas and direction and have been known to design an entire space just from the inspiration of one fabric.

Fabric is tactile, and the feel of lush soft velvets, the beauty of some richly woven silks and the simplicity and texture of coarsely woven linen accompanied by rich, saturated colours is enough to inspire anyone to decorate. The question, however, is with all of these fabrics and patterns to select from how do you know what works together to achieve that “designer look” in your home.

PHOTOS BY JF FABRICS

Blending all different fabrics together is not as difficult as you may think, but there are a few key points to remember. To successfully mix fabric patterns like a pro a good place to start would be with something simple like blending a minimum of three fabric patterns. The first pattern selection should be your most impactful one therefore, choose carefully and select a pattern you love that is larger scale.

The second pattern should be completely different, probably about half the scale of the first one and have some of the same colours incorporated throughout.

For the third selection, it can be smaller scale and similar in pattern to either of the first two, with at least two to three of the colours found in the other patterns. So, for example, if you have selected a large-scale

floral as your first pattern, the second could perhaps be a bold stripe or a geometric fretwork pattern, and then blend in another small-scale alternate geometric.

Consider adding another pattern or two, or three, if you wish; maybe a small check, a dot pattern is always favourable, or perhaps repeat with another stripe or floral. If you’re more adventurous, consider throwing an animal print into the mix for a bit of fun.

Balancing textures and fabric weight is also important to achieve a well-blended mix of fabrics, as is maintaining the same depth or magnitude of colour. By that, I mean if you’re working with primary colours, then try not to incorporate fabrics that are pastels, as you will inevitably create an imbalance.

When combining and layering patterns, it is important to balance the patterns throughout your space, the last thing you’ll want to do is create a situation where the heavier weight of patterns and colours are all at one end of the room. They should be well proportioned

with solids and any other visible patterns in your room, such as area rugs, wall coverings, fireplace surrounds to provide equilibrium and an aesthetically pleasing look. In addition, it’s important when pairing up your choices to consider the “feel” of the fabrics you’re selecting – for example, whether they are formal or more casual – and then maintain consistency.

Pattern blending can be fun, and these fabrics can create a bold statement in your home. Mixing fabrics like a pro is all about balance, layering and blending. When it’s done well, contrasting but complementary patterns and textures can elevate your space beyond the typical to a fresh, innovative and welcoming home. Toiles, stripes, florals, ikats and check are just some of the many different patterns we see, blend them with rich velvets, textural boucle, linens or silks to give your home that designer touch.

Just remember to keep a common element, and work with your scales and colours to see your home come alive.

Linda Mazur is an award-winning, nationally publicized designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds within Toronto, the GTA and throughout Canada. lindamazurdesign.com @LindaMazurGroup

WHY LIVE IN A OR TOWNHOME CONDO?

by LISA ROGERS

The opportunity to live in a townhome or condo has a lot of great benefits. It’s an ideal choice for a family who wants the feel of a single-family home without all of the many maintenance responsibilities that go along with it. Living in a

townhome or condo is also ideal for a single person or working couple that has little time for maintenance or just wants to enjoy their free time instead of mowing the lawn.

With Toronto new home prices soaring over the past several years,

many people can’t afford the deposit on a new home, while the idea of moving into a condo or an older, renovated home is equally as unattractive. What appears to be the best solution is a townhome with its own front door, parking spot, and in most cases private outdoor space.

If you’re thinking of buying a townhouse or condo, here are a few of the main reasons you may want to strongly consider it:

A CLASSIC THAT NEVER GOES OUT OF STYLE

There’s a certain historic and timeless quality of many townhomes or condos being built today. They’re found in virtually all great cities of the world – Paris, London, Boston, New York and now Toronto. They stand the test of time; they’re never victim to the trends of home builds and because of that, they just grow in value as time goes by. It’s a great investment.

ALL THAT GREENSPACE

Townhomes and the land they are on is owned entirely by the homeowner, so there is a certain joy in knowing this small plot of land is yours to do with as you please. Whether you’re hosting a backyard barbecue or creating your own little garden, your outdoor space is your small oasis. Plus, some townhome associations include snow shovelling, lawn maintenance and landscaping for a monthly fee – an amazing convenience for those who would prefer someone else do their yard work.

LOWER MAINTENANCE

The maintenance of a townhouse is far less than a single-family home. Typically, in a townhouse community, the homeowners’ association handles all the external maintenance to ensure a uniform appearance across all townhomes in the community and the owner is responsible for basic maintenance of the interior.

PART OF THE COMMUNITY

Because townhome residents tend to live in proximity to each other, you

have the opportunity to really get to know your neighbours and build that sense of community amongst yourselves. This can also give you peace of mind knowing you’re all looking out for each other.

MULTI-LEVEL IS A MAJOR PLUS

Unlike condo-style living, generally on one level, one of the nice benefits of living in a townhome is the multi-level floorplans. You will have plenty of space (and privacy) for you and your family with bedrooms upstairs, spacious kitchens and even the option of fully finished basements. In addition, with many of us spending some or all of our time working from home, having the

multi-floors makes it easy for two to work remotely without the risk of disturbing one another.

URBAN LIVING

Townhomes are designed for a convenient lifestyle. They’re located in urban centres with lots of amenities, shopping, restaurants, attractions and entertainment right close by. Good developers will often build in areas in proximity to public transit and easy driving access to the city, so homeowners are close to the necessities of everyday living. It really is the best of many worlds –convenience, community, space and no maintenance.

Lisa Rogers is Executive Vice-President of Design for Dunpar Homes (dunparhomes.com). Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and as a regular guest expert for fashion and image, health and wellness and design on CityTV’s Cityline. Follow Lisa’s blog at craftedbylisa.ca

The authentic home

We dive into the art of creating a home that reflects your unique style

by SARA DUCK • photos NIKI MCKEAN

Did you know that “authentic” was declared the word of the year for 2023 by the Merriam-Webster dictionary? As we embrace 2024, the resonance and significance of this simple word will persist with continued influence. Here at RENO+DECOR, we’re all

about delivering real content that ignites your creativity to achieve an authentic home vibe. After all, decorating your space is more than just arranging furniture and choosing colour palettes; it’s about infusing what you love into every corner.

“Living authentically means living how you want to live by building a space that makes you feel good in

your heart. That’s a true home,” says Tiffany Pratt, a Toronto-based multidisciplinary designer and artist with an unmistakably authentic style.

●●● To begin

To truly decorate with the authentic you in mind, the journey begins with a thoughtful exploration of your tastes,

●●● The process

It’s the details that fuel authenticity. Custom-made throw pillows with fabrics that reflect your cultural background or a gallery wall of your own photography, can transform a generic space into a personalized haven. Or, embrace imperfections and quirks, whether it’s a well-worn bookshelf that tells tales of countless reads or a hand-crafted pottery collection showcasing the unique irregularities of each piece.

Colour is also a powerful tool to express your authentic self. Don’t shy away from bold hues if they reflect your personality. “Adding colours that make your heart happy is a great way to feel joyful and express who you are,” says Pratt. “The colours you choose become an expression of you at home.”

and adhere to your lifestyle. If you love hosting game nights, invest in a spacious dining table or a comfortable sectional. For avid readers, a cosy nook with a well-stocked bookshelf could become the heart of your home. Align your furniture with your daily rituals and activities, so your space is beautiful and purposeful.

When it comes to artwork, choose pieces that speak to your emotions, personal style and taste. It doesn’t have to be from a high-priced gallery; it can be your own creations, canvases from local artists, or even a tapestry collected during your travels.

experiences, and the unique elements that define you.

Start by taking a trip down memory lane. Unearth artifacts from your past – travel souvenirs, inherited heirlooms, or mementoes from significant life events. These pieces carry stories. Integrating them into your decor is like creating a visual autobiography. The vintage postcard collection from your backpacking days or the quirky teapot handed down from a grandparent can be focal points for their aesthetic appeal and the memories they evoke.

Let colour play a role in conveying your energy and passion, whether it’s an accent wall in your favourite shade or an array of vibrant throws. If you’re drawn to soothing neutrals, layer textures and materials to add depth and interest. The key is to create a colour palette that feels inherently you.

Furniture choices should be aesthetically pleasing, functional

Plants bring life and vitality to any space and choosing them based on your lifestyle is key. If you have a green thumb and the time to care for them, a variety of indoor plants can flourish. If you’re a bit more hands-off, opt for low-maintenance succulents or faux greenery that still adds a touch of nature without the commitment.

As you grow, travel and experience life, let your home’s interior grow with you. Embrace change, add new layers, and don’t be afraid to let go of items that no longer resonate with the person you are becoming.

With more than 15 years’ experience as a magazine editor, writer and content creator, Sara brings her passion for design and decor to our pages each issue. Instagram: @bysaraduck

The latest design movements advocate for a balance between contemporary allure and mindful choices

A LOOK AHEAD

by SARA DUCK

With many Canadians tightening their proverbial money belts this year, design trends are becoming less about actual purchases and more about inspiration. This year, there is an emphasis on sustainability, with repurposing gaining prominence, challenging the conventional notion of trend-driven consumption. This shift reflects a conscientious move toward enduring style, urging us to balance contemporary inspiration with making mindful choices that align with our tastes and values. “The key lies in finding that delicate balance between the allure of the latest trends and the enduring wisdom of timeless design principles,” says Diana Bastone, owner and principal designer of Diana Bastone Designs.

Here are five design movements to keep you inspired all year long.

Maximalist resurgence

After a period that saw the dominance of minimalist design, maximalism is making a comeback. Expect bold colours, eclectic patterns and a mix of textures, allowing for more expressive and personalized interiors. “This trend is not for everyone, as this look can feel cluttered to some. If you want to be part of this movement, try it in an enclosed space in your home,” says Bastone.

Velvet CUSHION COVER. $23. hm.com

Sustainable sophistication

The future of design is conscientious and sustainable. This isn’t merely a trend; it’s a movement. From recycled materials (think thrift store finds and vintage shops) and energyefficient lighting to furniture crafted with environmental mindfulness, sustainable chic is gaining momentum. Adorn your space with a clear conscience, knowing each element contributes to a greener, more sustainable future.

Mid-century MINI-DESK made from sustainably sourced, kiln-dried wood. $749. westelm.ca

Global fusion

“Global fusion decor is the appreciation of different cultures from all over the world and what they create,” says Bastone. In our increasingly interconnected world, globally inspired decor takes centre stage. Drawing inspiration from diverse societies worldwide, this design trend will likely continue making waves, as it celebrates diversity through a mix of textures, patterns and colours from various cultural influences.

Sicily ceramic PASTA BOWLS in blue. From $29. williams-sonoma.ca

Tech-integrated living

Biophilic oasis

Smart homes redefine themselves beyond mere functionality in 2024. Witness the seamless integration of technology into your decor. Imagine smart furniture adapting to your needs, and augmented reality design tools shaping your space. Welcome to a future where technology and design are in perfect harmony.

THE FRAME turns into an art screen when you are not watching TV! The Frame 75-in 4K smart TV by Samsung. $2,298. walamrt.ca

Amidst the hum of the digital age, the pull of natural elements grows stronger. The biophilic design trend invites us to infuse our spaces with nature’s essence. Envision indoor greenery breathing life into your living room, natural textures creating a tactile haven, and sustainable materials grounding your space. “It’s not only the purchase of the plants, but it’s also the act of caring for living plant life that can enrich your mental state,” says Bastone. Beyond aesthetics, this design philosophy fosters an environment where the indoors melds easily with the outdoors, creating an oasis of tranquillity.

Large glass VASE. $55. hm.com

Up the ante

by MARY BURGERS

Six dynamic trends to enhance your interior landscape

A NOD TO THE PAST, AUTHENTIC FAMILY HEIRLOOMS

This year, there’s a growing rejection of cookie-cutter interior design. Personalization is key, with vintage, artisanal, and heirloom pieces favoured over mass-produced items. This trend encourages homeowners to infuse their spaces with character and individuality. Sourcing from your history makes it even better, whether it’s an heirloom from a family member, or started by you with a piece curated from a memorable trip that your children will fight over one day. Authentic pieces are not only on trend, they are meant to last.

UNIQUE AND ORGANIC-SHAPED OBJECTS

Unconventional shapes will take centre stage in 2024. Gone are the days of a perfect white porcelain dinner set or a perfectly symmetrical vase. Shapes are fluid, imperfect and natural for 2024. For example, this great organic-shaped mirror.

A COLLECTOR’S MENTALITY TO ART

It has become evident that the recent hype around NFTs (non-fungible token) and digital art has not significantly affected the market for contemporary art. Whether it is a large or small piece, owning meaningful artwork can add a splash of colour and texture to any wall and allow you to engage with it as a collector. Taking the time to visit local art galleries and art crawls is an excellent way to explore the arts, bring perspective, and connect with the creative community. Collecting art is not just for the rich and famous; anyone can start with a willingness and some initiative, whether in the form of canvas or print. Even the smallest of pieces, when specially curated, can have a significant impact on any space.

Photo: Martin Tessler

Photo: Martin Tessler

Photo: Mary Burgers

Burgers’ residence. MIRROR Os & Oos

Fulton residence.

Fulton residence. VINTAGE ARMOIRE, France.

FOR BOOKLOVERS A HOME LIBRARY

Bookshelves are making a natural comeback in 2024, and when they are built-in, it provides a simple, beautiful and authentic design element to any room in your home. Bookshelves maximize the functionality of your home’s square footage and are often a solution to unused spaces such as under the stairs, wide hallways, or closets.

ICONS OF THE DESIGN WORLD

The best way to predict the future is by interpreting what’s happened before and worked. Classics like the Eames lounger, the Carl Hansen wishbone chair, the silhouette of a Noguchi lamp, the playful lights by Ingo Maurer or streamlined ones by Achille Castiglioni, have elevated spaces for decades, and the idea of buying once and buying well is always ahead of the curve. In Canada, there are great resources for sourcing classic icons through vintage shops as well as online sites.

STRIPES

Authentic pieces are not only on trend, they are meant to last.

Patterns tend to come and go quickly in interiors and fashion, but stripes have always been a reliable and classic choice. The iconic look has a timeless and luxurious quality that will never go out of style — think of French sailor’s stripes or the umbrellas on a beach in Positano. They can add a subtle touch to a table setting or make a bold statement as wallpaper. Stripes evoke a sense of nostalgia while remaining future-proof, making them a versatile pattern that will always look good, whether it’s today, five years from now, or 15 years into the future.

Mary Burgers is the communications & creative director for West-Vancouver-based Burgers Architecture, an award-winning multi-generational architecture firm specializing in passive house design. She has been a contributing editor and panel participant on talks on sustainable design. burgersarchitecture.com IG: @burgersarchitecture

Photo: Martin Tessler

Photo: Martin Tessler

Photo: Martin Tessler

EAMES LOUNGER, Fulton residence.

Burgers residence. Millwork by LAUTEN WOODWORKING

FIND YOUR NEXT HOME

The latest properties in the Greater Toronto Area to keep your eye on

AJAX

1. A Towns Bayly St. E. & Salem Rd. S. fieldgatehomes.com

AURORA

2. Queen’s Grove Collection

Yonge St. & Bloomington Rd. northstarhomes.com

3. Allegro 36 Klees Cres. geranium.com

BRAMPTON

4. DUO Condos 245 Steeles Ave. W. duocondos.ca

5. Spring Valley Village Bovaird Drive W. & Elbern Markell Drive ballantryspringvalley.com

6. Three Rivers Claireville Goreway Dr. & Humberwest Pkwy nationalhomes.com

7. Queens Lane Townhomes Mississauga Rd. & Queen St. branthavenbrampton.com

BRANTFORD

8. Brant West 501 Shellard Lane losanihomes.com

CALEDON

9. Palgrave Estates

Mount Pleasant Rd. & Hunsden Rd. flatogroup.com

10. Pathways

Caledon East Old Church Rd. & Innis Lake Rd. flatogroup.com

11. Highlands Caledon East 22 McKee Drive, Caledon dunsire.com

CLAIREMONT

12. Cresthaven Estates Brock Rd & Central Street

COURTICE

13. Courtice Glen Bloor & Trulls Rd. mytribute.ca

ETOBICOKE

14. Lake & Town Islington Ave. & Lake Shore Blvd menkes.com

15. The 900 Condo Signature Residences

900 The East Mall 9hundredcondo.ca

KLEINBURG

16. New Impressions Hwy. 27 & Major McKenzie Dr. W. fieldgatehomes.com

MARKHAM/ UNIONVILLE

17. Cornell Markham

Bur Oak Ave. & Hwy 7 ballantryhomes.com

18. Upper East Side Unionvillle

Major Mackenzie & Woodbine fieldgatehomes.com

19. Riverwalk Meadows

Ninth Line & 14th Ave. flatogroup.com

20. Angus Glen South Village 9980 Kennedy Rd., #200. kylemorecommunities.com

21. Kennedy Manors 4500 Major Mackenzie Dr East. kylemorecommunities.com

OSHAWA

22. Dreamscape

Conlin Rd. & Harmony Rd. fieldgatehomes.com

23. Park Ridge

Conlin & Townline Rds. tributecommunities.com

PICKERING

24. Seaton 1075 Taunton Rd. fieldgatehomes.com

RICHMOND HILL

25. Richlands

Leslie St. & Elgin Mills Rd. fieldgatehomes.com

26. Millbrook Park

Elgin Mills & Leslie St. northstarhomesinc.com

27. Park Lane Place

Elgin Mills & Leslie St. northstarhomesinc.com

28. Observatory Hill Bayview Ave. & 16th Ave. myobservatoryhill.ca

29. King East Estates

King Rd. & Toscanini Rd. pureplaza.com

SCARBOROUGH

30. 670 Progress Ave. Progress Ave. & Grangeway Ave. fieldgateurban.com

FIND YOUR NEXT HOME

The latest properties in the Southwestern Ontario Area to keep your eye on

BURLINGTON/ WATERDOWN

1. Northshore Condo 484-490 Plains Rd. E. nationalhomes.com

2. Tyandaga Heights Burlington nationalhomes.com

GEORGETOWN

3. Juniper Gate 10130 10 Line, Norval remingtonhomes.com

GRIMSBY

4. Grimsby Waterfront 398 N Service Rd. losanihomes.com

HAMILTONWENTWORTH

5. Soho Homes at Barton & Glover Barton St. & Glover Rd. losanihomes.com

6. Highland Park &Central Park: Midtown & Soho Upper Red Hill Valley Pkwy & Rymal Rd. losanihomes.com

KITCHENER/ WATERLOO

7. Wallaceton Huron Rd. & Fischer-Hallman heathwood.com

LONDON

8. Victoria On The River Sheffield Blvd. & Commissioners Rd. E. sifton.com

9. Caverhill Clarke Rd. & Kilallay Rd. sifton.com

10. Hudson Park Colonel Talbot Rd. & Pack Rd. sifton.com

11. Liberty Crossing Wonderland Rd. S. & Hamlyn St. sifton.com

12. Middleton Wharncliffe Rd. & Exeter Rd. sifton.com

13. RiverBend Golf Community 2200 Jack Nash Dr. sifton.com

14. Rosewood Nissouri Rd. & Thorndale Rd. sifton.com

MILTON

15. The Valleylands Mayfield Rd. & Chinguacousy fieldgatehomes.com

16. Hawthorne Park Oakwood Dr. & Byron Ave. sifton.com

17. Thompson Towers Thompson Rd. S & Drew Centre thompsontowers.ca

MISSISSAUGA

18. Whitehorn Woods 1240 Britannia Rd. W. nationalhomes.com

19. Streetsville Centre Mill St. & Queen St. S. dunparhomes.com

NIAGARA REGION

20. Portview Estates Simcoe St. & Canal St. silvergatehomes.com

21. Luna Hwy. 406 & 56, Thorold silvergatehomes.com

22. Harbourtown Village Fort Erie silvergatehomes.com

23. Hazelwood on the Grand Hardy Rd. sifton.com

24. Joy Towns Niagra branthaven.com

25. Bench Mark Ontario St. & Drake Losanihomes.com

OAKVILLE

26. The Greenwich at Oakvillage Trafalgar Rd. & Dundas St. East branthaven.com

27. Bronte Meadows Bridge Rd & Warminster Dr. flatogroup.com

28. Upper West Side Condos 2

351 Dundas St. East branthaven.com

29. Trafalgar Ridge River Oaks Blvd. & Namron Gate dunparhomes.com

30. The Villages of Oak Park

Trafalgar Rd. & Dundas st. E. ballantryhomes.com

31. West & Post 2714 Westoak Trails Blvd. branthavenoakville.com

PARIS

32. Riverbank Estates Nirh River losanihomes.com

ST. CATHARINES

33. Lincoln Estates Lincoln Ave. & King St. losanihomes.com

34. Lusso Urban Towns Martindale Rd. & Grapeview Dr, St. Catharines lucchettahomes.com

35. Merritton Mills

St. Catharines silvergatehomes.com

36. Benchmark at Vista Ridge 4008 Mountain St., Beamsville losanihomes.com

37. Bromley Gardens 20 Bromley Drive, St. Catharines Dunsire.com

ST. THOMAS

38. Harvest Run Centennial Parkway & Elm Street dougtarryhomes.com

STONEY CREEK

39. Maplewood Park Upper Creswood maplewoodstoneycreek. com

40. Sweetberry Barton & Glover sweetberrytowns.ca

WELLAND

41. Davis Heights 1535 Haist St, Pelham lucchettahomes.com

42. The Residences at Hunters Pointe 71 Kyntre Trail lucchettahomes.com

43. Edgewater Trails Daimler Pkwy & Magnolia Ln, ballantryhomes.com

44. Village on the Twelve 21 Willow Bank Common St. silvergatehomes.com

45. Riverside at Hunter’s Point 300 Daimler Pkwy., Welland lucchettahomes.com

46.Shelter Cove 15 Cricklewood Cres., Nanticoke sheltercove.ca

WEST REGION

47. St. George Village Concession 2 & Woodhill Rd. losanihomes.com

48. Brant West 562 Shellard Ln losanihomes.com

49. Magnolia Trails Modeland Rd. & Michigan Lane sifton.com

50. Soleil St. Clair Corunna sifton.com

51. Expressions & Riverbank Estates 1021 Rest Acres Rd., Paris losanihomes.com

52. Knightsbridge Graff Ave. & Mornington St. sifton.com

53. Cottonwood Dingle St. sifton.com

54. Edgewood Suites 270 Hagan Street East, Dundalk flato.com

55. Discoverie Condos 7 Central Ave Fort Erie DiscoverieCondos.ca

BARRIE

1. FOUR10 Yonge 410 Yonge Street masonhomes.ca

2. Midhurst Valley 1296 Carson Rd. geranium.com

3. Heartland Hwy 89 & Yonge St., Baxter brookfieldhomes.ca

4. Midhurst Hwy 26 & Bayfield Rd. Brookfieldhomes.ca

BEETON

5. GreenRidge & Beeton Village 41 Main St. W. flatogroup.com

BETHANY

6. Bethany Village Ski Hill Road, North of HWY 7A BethanyVillage.ca

CAMBELLFORD

7. Haven on the Trent Forest Hill Rd. & Riverside Trail sifton.com

COLLINGWOOD

8. Mountain House at Windfall Mountain Rd. & Crosswinds Blvd. georgianinternational.com

9. Collingwood Maple & Sixth Street georgianinternational.ca

COURTICE

10. The Vale Prestonvale Rd. & Bloor St. nationalhomes.com

DUNDALK

11. Edgewood Greens Hwy. 10 & Main St. East flatogroup.com

12. Edgewood Suites 270 Hagan St. E., Dundalk edgewoodsuites.ca

13. Craighurst Horseshoe Valley Rd. & Hwy. 93 georgianinternational.com

14. Braestone Horseshoe Valley 3246 Line 9 North georgianinternational.com

LINDSAY

15. Grace & Grand flatogroup.com NEWCASTLE

16. Belmont treasurehill.com

17. Greystone Village 1800 2nd Ave. E. flatogroup.com

PETERBOROUGH

18. Parklands & The Condo Arbour Villas 1224 Chemong Rd. masonhomes.ca

19. Port Hope Lakeside Village 415 Lakeshore Rd. masonhomes.ca

20. Kingswood Cobourg 425 King St. E. masonhomes.ca

21. Meadow Heights 82 Hillcrest Road, Port Colborne dunsire.com

SHELBURNE

22. Emerald Crossing Hwy. 89 & Hurontario St. fieldgatehomes.com

DEDICATED TO EXCELLENCE

THESE BUILDERS ARE PROUD OF THEIR COMMITMENT TO EXCELLENT CUSTOMER SERVICE AND CREATING GREAT COMMUNITIES.

NOW IS THE TIME TO START PLANNING YOUR RENOVATION

You meant to have your kitchen redone or your bathroom finished this winter, but spring is here and your renovation project is still only an idea. Not to worry, because now is the perfect time to start planning to make your renovation a reality.

With a generous lead time, you can afford to be thorough with every step in the renovation process, increasing your chances of success. The first step is to articulate what goals you want to achieve with your renovation and develop a clear description of what you want to change. Write down your priorities and items that would be nice to have if your budget allows. Make sure everyone in your home participates in the discussion so you have a complete picture of what is needed.

Next, find a professional renovator who will guide you through the process. The good ones get booked up months in advance. You will be putting a lot of trust in this person, so look for a renovator who is a member of BILD’s RenoMark program, which means that they have committed to the RenoMark code of conduct and BILD’s code of ethics. To find a RenoMark renovator, visit renomark.ca.

Price is an important consideration when choosing a renovator, but experience, construction schedule and references are just as crucial. Take the time to check three references to get a good understanding of how the company operates.

Once you have selected your professional renovator, he or she may bring in a designer or architect and together you will work through your project outline and create plans and specifications. These will help determine the budget estimate and any building permits and approvals you will need. In some municipalities, obtaining building permits and approvals can take many weeks and even months – another reason it’s good to start the process early.

When you are comfortable with the preliminary design, budget, and timetable, you’re ready to draw up a written contract with your renovator. The contract sets out the precise scope of the work, the price, a schedule of payments, a reasonable timetable for completing the work, product-specific details and a warranty clause. The contract should be reviewed by a lawyer.

A RenoMark renovator will provide a contract for all projects. Avoid renovators who offer to work without

a contract, even if they promise to skip the HST or offer another incentive. They may not be paying workers’ compensation or carry adequate insurance, leaving you at financial risk.

My final piece of advice is to spend some time on renomark.ca and read the articles – they cover various aspects of renovation in more detail. Renovating your home is exciting and rewarding. And as you can see, there’s plenty you can do to make sure you’re prepared.

Dave

Wilkes is President and CEO of the Building Industry and Land Development Association (BILD), the voice of the homebuilding, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter, @bildgta or visit bildgta.ca.

DAVE WILKES

DIS CO VE R

• A world-renowned building standard: Passive House-certified townhomes offer unparalleled energy efficiency, quality construction and comfort

• Three bedrooms and three full baths in more than 2,250 square feet

• Complete main-floor living with loft

• Tilt-and-turn European windows, custom cabinetry, prestige standing-seam steel roof and other luxury finishes

• Surrounded by rich organic farmland, small-town charm and natural beauty

• Pickleball, golf, trails and conservation areas just minutes away

• Prime southwestern Ontario location: 10 minutes to the 401 and 20 minutes to Stratford

• So much more to come in Phase II — launching in spring 2025

Only three quick closings available! Book your private appointment today.

Nick Pope

Sales Representative

REVEL Realty Inc., Brokerage

nickpope@revelrealty.ca

m 519-807-1757 | o 519-206-9555