GTA New Condo Guide, Mar 1, 2014 by NextHome

March 1 - 15, 2014 Volume 18 Issue 05

INSIDE THIS ISSUE

10 TIPS FOR FINDING THE PERFECT HOME

DESIGNER ADVICE: LIGHTEN UP FOR SPRING

HOW TO BUY FOREIGN PROPERTY

Tridel. Everywhere you want to be.

THIS IS YORKVILLE AT ITS BEST.

COMING SOON A N E W S I G NATU R E R E S I D EN C E AT C U M B ER L AN D AN D AVEN U E ROAD

FROM $349,900

FOR THOSE IN THE KNOW. PRE VIEW REG ISTR ATION | TH ECU M B E R L AN D.CA PRICES AND SPECIFICATIONS SUBJECT TO CHANGE. E.&O.E. BROKERS PROTECTED. ILLUSTRATION IS ARTIST’S CONCEPT.

EDITOR’S NOTE

MOVING MADE EASY

SUSAN LEGGE EDITOR-IN-CHIEF

Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook Search: Condo Guide

Whether you’re relocating from one coast to the other or moving to your first place out of your parents’ home, moving can be hectic, exciting and certainly stressful. But, relax. You can eliminate all of the anxiety associated with moving by taking control of the situation with confidence. If you decide to move yourself, book a moving truck well in advance from a reliable company that can help with some tips on moving as well as advice regarding the size of vehicle you will need. If you decide to go with a pro, ask your friends and family to recommend a mover. Call at least three companies to ask about their services and then decide. Professional movers can do everything for you if you wish, from packing and unpacking, to disconnecting appliances and electronics, but of course there’s extra cost involved. Make sure you understand the terms of your agreement no matter what you decide, as well as any additional costs such as insurance and mileage fees, so you can budget accordingly. Happy moving!

THE HOW, WHERE AND WHAT OF HOME BUYING

LYDIA MCNUTT EDITOR

Wall2Wall Media Lydia.McNutt@wall2wallmedia.com Follow me on Twitter at Twitter.com/LydiasTweets

002 NEW CONDO GUIDE MARCH 1 - 15, 2014

If you’re planning to buy a home this spring, spend these last few weeks of winter doing some research to figure out the where, the what and the how of your purchase. Before you start shopping, visit your mortgage broker or bank to get your financing in order. This is the “how” part of the equation. Answer questions like: How much can I afford to spend on a home? How much do I have for a down payment? Will I be using my RRSPs toward my down payment? Will I be able to afford my lifestyle and still make my mortgage payments? Don’t forget to budget for closing costs and your other bills. A home works much better with electricity! With your budget defined, you can hit the streets. Location is the one thing about your home that you can’t change. It affects how much you’ll need to spend on your purchase and property taxes, your lifestyle while you live there, and the resale value when you sell the place. Drive, walk and surf the web to learn as much as you can. Map the amenities that matter most to you – schools and parks, shopping areas and banks, highways and public transit. How close do you want to be to your work, family and friends? Visit prospective locations at different times of the day and ask yourself, “Will I feel comfortable jogging early in the morning, or walking the dog alone after sunset?” Once you know how much you can spend, and have narrowed down your locations of choice, you can zero in on the “what” of your new condo. Create a list of “must-haves” and “nice-to-haves.” If you’re purchasing a condo with someone, you’ll have to take their wants and needs into consideration as well, which can make shopping a little more complicated. Getting your ducks in a row now will allow you to shop with confidence, and actually enjoy this exciting time.

P R I VAT E R E S I D E N C E S

AT AVENUE & ST. CLAIR

Take your express elevator home. Welcome to the Private Residences atop Imperial Plaza. An iconic building in a coveted Forest Hill location, clad in limestone with impeccable granite and marble detailing, rich in historical perspective and timeless in elegance. Majestic suites with up to 6000 sq. ft. of grand living space, ceiling heights that soar 10â&#x20AC;&#x2122; and higher, and with breathtaking views of the city. A dedicated express elevator, private elevator lounge, private fitness club and 24 hour concierge allow your everyday to unfold with grace. Move in this year!

The Private Residences from $1.35 million The Signature Residences from $985,900

Visit our Presentation Gallery at 1499 Yonge St. (just north of St. Clair)

IMPERIALCONDOS.CA 416-925-2501 Exclusive Listing Brokerage MILBORNE REAL ESTATE INC. Brokers Protected. Prices and specifications are subject to change without notice. Illustrations are artist concept. E.&O.E.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 003

NEW CONDO GUIDE

CONTRIBUTORS

VICE-PRESIDENT, WALL2WALL MEDIA

Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge DIRECTOR OF SALES, NATIONAL

Josh Heppner ASSOCIATE PUBLISHER SWO NEW HOMES & LIFESTYLE COMMUNITIES

Susan Maxwell ART DIRECTOR

Sarah Jang EDITOR

Lydia McNutt CONTRIBUTING EDITORS

BILD REPORT

LEGALLY SPEAKING

DESIGNER ADVICE

Bryan Tuckey

Jayson Schwarz

Yanic Simard

Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/ bildgta), Youtube (youtube.com/bildgta) and BILD’s official blog (bildblogs.ca).

Jayson Schwarz LL.M is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit the website at schwarzlaw.ca or email info@schwarzlaw.ca.

Yanic Simard is New Condo Guide’s design editor and the principal designer of the Toronto Interior Design Group, specializing in residential and commercial projects. Simard has created designs for clients in Toronto, Montreal and Miami, and appears as a regular guest expert on Citytv’s CityLine. Visit tidg.ca

Sara Duck Wayne Karl Elisa Krovblit DESIGN EDITOR

Yanic Simard

SALES MANAGER

Conni Robinson SENIOR ACCOUNT EXECUTIVE

Dionne Fraser dionne.fraser@wall2wallmedia.com SENIOR ACCOUNT EXECUTIVE

Nina Downs nina.downs@wall2wallmedia.com

SALES & MARKETING CO-ORDINATOR

Terry Bassett ADMINISTRATIVE ASSISTANT

Antoinette Jackson PRODUCTION MANAGER

Bala Gnanapandithan PRODUCTION CO-ORDINATOR

Sandra Hanak-Vujnovic CONDO PRO

TARION REPORT

Barbara Lawlor is president of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condominium developments in the GTA and overseas.

Howard Bogach is president and CEO of Tarion Warranty Corp. For more information about how Tarion helps new-home buyers, visit tarion.com or find them on Facebook at facebook.com/ TarionWarrantyCorp.

Barbara Lawlor

Howard Bogach

INVESTOR ADVICE

Andrew la Fleur Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto condo market. Visit TrueCondos.com/ NewCondoGuide for a free gift. Contact Andrew at 416.371.2333 or andrew@truecondos.com

GRAPHIC DESIGNERS

Caroline Wassef Sandra Hanak-Vujnovic

Published By

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867

Call 416.626.4200 for a dvertising rates and information. CIRCULATION Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices. COPYRIGHT 2014 All rights reserved by Wall2Wall Media. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and offenders will be prosecuted under the law. TERMS Advertisers, editorial content and new condo guide are not responsible for typographical errors, mistakes or m isprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL submissions from interested parties will be considered. Email to susan.legge@wall2wallmedia.com. The views and data expressed by columnists do not necessarily represent those of the publication. ADVERTISING

MORTGAGE TALK

MONEY MATTERS

Gail Vaz-Oxlade

Chuck Resnick

Alyssa Richard is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade

Chuck Resnick is vice-president of marketing and operations at Two Men And A Truck – Canada, a division of Heron Capital Corp. He can be reached by visiting online at twomen.ca and by calling 416.204.0007.

Alyssa Richard

004 NEW CONDO GUIDE MARCH 1 - 15, 2014

MAKE YOUR MOVE

Please recycle this magazine! Wall2Wall Media participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.

C O N DO M I N I U M R ES I DE N C ES AT YO R K V I L L E & YO N G E

COMING SOON

1YORKVILLE.CA

@BazisInc

RENDERING IS ARTIST’S CONCEPT ONLY

MARCH 1 - 15, 2014 NEW CONDO GUIDE 005

WHERE IN THE EMPIRE DO YOU WANT TO LIVE? EMPIRECOMMUNITIES.COM Celebrating 20 years in the building industry, Empire Communities continues to raise the bar in urban living with a range of iconic communities across the GTA. Markham Rd.

MARKHAM

9560 Markham Rd. 905.554.5015

Bur Oak Ave. 16th Ave.

REMARKABLE RESIDENCES. REMARKABLE MARKHAM.

Your floor. Your Suite. One Price.* Up to $15,000 cash back and 2 years free maintenance.* SUITES FROM THE MID $200’s** NOW OPEN themarkcondos.ca Subway St.

Allen Rd.

TORONTO

1603 Eglinton Ave. W. 416.784.3482 Eglinton Ave. W. Oakwood Ave.

Glenholme Ave.

Dufferin St.

LIVE LIFE ON TOMORROW’S FAST LANE. MAKE THE SWITCH. GET CONNECTED TO THE HUB.

Ask about Empire’s Easy Buy Program Just $1,000 with the offer + $1,000 per month for the next 17 months.*

SUITES FROM THE MID $200’s** NOW OPEN empirethehub.com

OAKVILLE 521 Kerr St. 905.845.7246

HWY 403/QEW Wyecroft Rd. Speers Rd.

SUITES FROM THE $200’s** NOW UNDER CONSTRUCTION raincondos.com 006 NEW CONDO GUIDE MARCH 1 - 15, 2014

Trafalgar Rd.

New Suite designs up to 1,400+ sq.ft., $10,000 cash back, special deposit program and other great incentives.*

Kerr St.

Dorval Dr.

OAKVILLE’S HOTTEST NEW RELEASE!

Lakeshore Rd. Lake Ontario

Cornwall Rd.

HERE’S HOW IT WORKS: PAY $2500 DOWN $500/MONTH FOR 47 MONTHS

PLUS GET 1 YEAR FREE TTC PASS† & A FREE TRIP FOR 2 TO THE CARIBBEAN† LIMITED TIME OFFER ON SELECTED SUITES†

ASK ABOUT OUR OPENING BONUS OF UP TO $80,000!* LUXURY WATERFRONT LIVING FROM THE LOW $300’s** EAUDUSOLEILCONDOS.COM | 416.503.3328 VISIT THE PRESENTATION GALLERY AT 2183 LAKE SHORE BLVD. WEST MON-FRI: 12PM-6PM SAT & SUN AND HOLIDAYS: 12PM-5PM †LIMITED TIME OFFER, PLEASE SEE SALES REPRESENTATIVE FOR DETAILS. SOME RESTRICTIONS APPLY TO $500 A MONTH HOME OWNERSHIP, 1 YEAR TTC PASS AND TRIP FOR TWO TO THE CARIBBEAN. OFFER ONLY AVAILABLE ON THE SUPERIOR, COBALT AND CYAN SUITES. RBC ON-SITE MORTGAGE APPROVAL IS REQUIRED. BALANCE OF 15% ON OCCUPANCY. *RESTRICTIONS APPLY TO THE CASH BACK INCENTIVE, NEW RELEASE SALES PROGRAM, SPECIAL DEPOSIT PROGRAM, EASY BUY PROGRAM, THE OPENING BONUS OF UP TO $80,0000 AND OTHER INCENTIVES AND SALES PROGRAMS WHICH ARE SITE SPECIFIC. **PRICES SIZES & SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. RENDERINGS ARE ARTIST’S CONCEPT. EXCLUSIVE LISTING BROKERAGE TFN REALTY INC. BROKERS PROTECTED. E.&O.E. FEBRUARY 2014.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 007

E1 PH A S

LD % SO

RN E T S I RE G

AS E H P W

RICHMOND HILL’S BEST VALUE

NEW SUITES NOW AVAILABLE FROM THE LOW $300’s BAYVIEW AVE.

RED MAPLE AVE.

PHASE 1 UNDER CONSTRUCTION REGISTER AT SKYCITYCONDOS.COM OR CALL 905.709.5700

HIGH TECH RD. YONGE ST.

A master planned urban community is taking shape at Yonge & Highway 7 in the heart of Richmond Hill. SkyCity Condos offers the best combination of location, value, lifestyle and amenities.

HWY 7 HWY 407 ETR

NON TRANSPARENT

MONDAY – THURSDAY 12 – 7PM, SATURDAY & SUNDAY 12 – 6PM, FRIDAY CLOSED Exclusive Listing Brokerage Circle M Realty Corporation. Prices and specifications are subject to change without notice. Illustration is artist’s concept E.&O.E.

008 NEW CONDO GUIDE MARCH 1 - 15, 2014

CONDO LIVING WITH A DOWNTOWN VIBE INTRODUCING MISSISSAUGA’S EXCITING NEW MASTER PLANNED URBAN COMMUNITY, JUST STEPS TO THE VIBRANT ERIN MILLS TOWN CENTRE WITH OVER 180 SHOPS, DINING AND SERVICES. LIVE NEAR EXISTING PARKS, TRAILS, PUBLIC TRANSIT AND SCHOOLS. DOWNTOWN ERIN MILLS OFFERS A FINE COLLECTION OF URBAN CONDOMINIUM DESIGNS AND INSPIRED AMENITIES. SUITES FROM THE LOW $300’s

Erin Centre Blvd.

Mississauga Rd.

Erin Mills Pkwy.

Metcalfe Ave.

Glen Erin Dr.

Winston Churchill Blvd.

Eglinton Ave. W.

905.603.6300 DOWNTOWNERINMILLS.COM

Credit Valley Rd.

Hwy. 403

SALES CENTRE: 4635 METCALFE AVE. HOURS: MON. - THURS. 12-7 PM, SAT. & SUN. 12-6 PM, FRI. CLOSED

EXCLUSIVE LISTING BROKERAGE CIRCLE M REALTY CORPORATION. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATION IS ARTIST’S CONCEPT E.&O.E.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 009

Model Suite Compliments of Lanterra Developments Ltd.

www.lanterradevelopments.com

BUILDING A BETTER WORLD

The Britt Residences at Bay & Wellesley. British Inspired Living - The Wimbledon, 1,111 sq. ft., three bedroom suite. 955 Bay St., Toronto.

MARCH2014 Lanterra Developments Ltd. has been featured as “MODEL SUITE OF THE MONTH” as seen in the New Condo Guide model suite calendar

See The Britt from a Different Point of View! new release: The Upper Suites, a limited number of upper floor residences, featuring impeccable services, lavish finishes and forever views.

• 24-hour executive concierge • professional butler Service • spa & wellness services • executive home maintenance service

70% SOLD

• 3 elegant lobby lounges

CONDOmINIUmS fROm The $270’S

CONSTRUCTION STaRT

ThebRITTCONDOS.COm 416.926.1669

Exclusive Listing Broker Milborne Real Estate Inc. Brokers Protected. Marketing Management by Anne Lambrou Living Visions Inc. Prices and specifications subject to change without notice. Illustrations are artist’s concept. E.&O.E.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 011

TABLE OF CONTENTS

March 1 – 15, 2014 VOLUME 18 ISSUE 05

87 PETER

puts residents in the heart of the city

COLUMNS, NEWS & FEATURES

24 002 EDITOR’S NOTE COLUMNISTS

016 BILD REPORT Affordability affects us all BY BRYAN TUCKEY

018 MORTGAGE TALK U.S. tapering and its effect on Canadian mortgage rates BY ALYSSA RICHARD

032 QUICK TIPS The seasonal switch-up BY HELLEN BUTTIGIEG

033 TAX MAN Ownership strategies for real estate investors BY GEORGE E. DUBE

038 CONDO PRO The search for the perfect home starts with location

058 LEGALLY SPEAKING Considerations for buying foreign property

044 TARION REPORT Inspect your new condo carefully before you move in

080 MAKE YOUR MOVE How to prepare for the unexpected when moving

048 FUNDAMENTALLY SPEAKING How to find a home? Pay attention to location, information and timing

090 DESIGNER ADVICE Lighten up with perfect pillows and throws

BY BARBARA LAWLOR

BY HOWARD BOGACH

BY WAYNE KARL

056 INVESTOR ADVICE The phantom mortgage BY ANDREW LA FLEUR

BY JAYSON SCHWARZ

BY CHUCK RESNICK

BY YANIC SIMARD

100 MONEY MATTERS How to get out of debt BY GAIL VAZ-OXLADE

IN THE NEWS

014 THE DANIELS CORP. Living the high life at Daniels’ HighPark doesn’t come with a high price 046 TRIDEL Demolition starts at Alexandra Park! 052 SPECTRUM REALTY Spectrum Realty creates new highrise division 070 BRANDY LANE Hundreds attend grand opening of Wyldewood Cove

DESIGNER PROFILE

096 LASH GROUP ME living launches grand opening

HOMEBUYERS’ HELP

Q&A with architect Rosario Varacalli

024 STYLE FILE Style report

BY SARA DUCK

042 DESIGNER PROFILE Q&A with architect Rosario Varacalli BY LYDIA MCNUTT

066 HOMEBUYERS’ HELP Finding the perfect home: Top 10 mistakes and how to avoid them BY MARNIE BENNETT

072 AROUND THE HOUSE Manly obsessions: The man cave 082 HOMEBUYERS’ HELP How to research your new home purchase 084 AROUND THE HOUSE Feng shui in your life, and condo BY DANUSIA STEELE

086 FINANCES Canada’s top 10 tax questions answered 088 CONDO HUNTER’S CHECKLIST 094 CONDO WATCH 416 Previews, new releases and grand openings in the 416 area 112 CONDO WATCH 905 Previews, new releases and grand openings in the 905 area 120 HOT DATES What’s happening in and around the GTA 121 CONDO BUYERS’ RESOURCE SECTION You love the home, see what you can afford 126 INDEX OF ADVERTISERS

64 76

CONDO PROFILES

CANDEREL

YC Condos Wowing residents with spectacular design, architecture and amenities

CITY CORE

Harmony Village Sheppard Revolutionizing condo living for today’s Boomer and Zoomer generations

IN THE NEWS

LIVING THE HIGH LIFE AT DANIELS HIGHPARK DOESN’T COME WITH A HIGH PRICE!

The Daniels Corporation offers outstanding residences ‘Where Modern Urban Meets Mother Nature’ The charming boutiques, markets, bakeries and restaurants of Bloor West Village are a brief stroll away

within one of Toronto’s most desirable neighbourhoods, directly across from nearly 400 acres of parkland at High Park and just steps from the ‘Village in the City’ - Bloor West Village. HighPark Condominiums has been an incredible success and now, The Daniels Corporation is making it even easier for you to make HighPark Condominiums and this neighbourhood your new home. For a limited time, if you purchase a north-facing suite at HighPark Condominiums, you can take advantage of incredible cash savings, free parking and locker on suites over 535 sq. ft., free suite maintenance for one full year, and you can live free with no interim occupancy fees! (Some conditions apply; see a sales representative for full details.) Already well under construction, the residence is home to some of the city’s best amenities including 24-hour concierge service, a dog spa, car-share and resident bike engagement programs, and access to residentonly amenities at The Parkside Club. Offering 18,000 sq. ft. of unique indoor and outdoor amenities on three floors, The Parkside Club includes a rock-climbing wall, weight studio, home theatre, party rooms, outdoor terraces, and second-floor gardening plots. In addition, this striking 14-storey residence is anchored by a pedestrian-friendly courtyard DANIELS HIGHPARK CONDOMINIUMS IS LOCATED

014 NEW CONDO GUIDE MARCH 1 - 15, 2014

entrance on Bloor Street and a glass pavilion featuring over 15,000 sq. ft. of retail space. All of this can be yours in a location “Where Modern Urban Meets Mother Nature.” There are two subway stops close by and beautiful High Park is just across the street. The charming boutiques, markets, bakeries and restaurants of Bloor West Village are also a brief stroll away. What a sweet opportunity – and it’s even sweeter now that these fantastic, limitedtime incentives are available. Suites range from studio to two-bedroomplus-den designs and are priced from the $300,000s. You can also register now to be among the first to find out about Daniels’ HighPark Condominiums Parkside Collection – just 12 two-storey walkouts offering street-side living steps to High Park and priced from only $699,900. To find out more, stop by the Daniels HighPark presentation centre at 2150 Bloor St. W., call 416.351.1844, or visit DanielsHighPark.com.

015

BILD REPORT

// BY BRYAN TUCKEY

AFFORDABILITY affects all of us

Bryan Tuckey is President and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and BILD’s official online blog (bildblogs.ca).

very year, the home building and land development industry is tasked with the challenge of building quality, complete communities for up to 100,000 people and 50,000 jobs that choose to come to the GTA each year. It’s no small feat, especially when the industry’s biggest challenge is to ensure that these people can afford to purchase these homes without sacrificing quality. But with constrained land supply, an outdated approvals process and rising government fees and charges, it is becoming increasingly difficult to do so. In fact, building homes and businesses that people can afford is an issue that poses a significant challenge for the industry, new-home buyers and every resident in the GTA. 016 NEW CONDO GUIDE MARCH 1 - 15, 2014

The building and development industry is one of the biggest economic engines in the region, creating more than 200,000 jobs each year. At the end of 2013, sales of new homes and condominiums in the GTA totaled just 28,406 – the second-lowest in the last 10 years. It’s time for the industry, government and new-home buyers to start watching this market very carefully because today’s sales are tomorrow’s jobs. Land supply has been an issue in the GTA for several years, with land prices more than doubling in the past decade. This diminishes the amount of new products our members can introduce into the market, and with less inventory come higher prices. According to RealNet Canada Inc., the price index for a new condominium suite in the GTA is $436,564 while ground-related homes average as high as $654,147. While pricing in the highrise sector has stabilized, new lowrise homes have more than doubled in price in the last decade and continue to grow. That puts home ownership out of reach for many prospective purchasers, especially first-time buyers and new Canadians who are already struggling to save up for a down payment. According to the Altus Group, government fees and charges make up a considerable portion of the cost of a new home and are paid by new home purchasers. For a new highrise condominium, these charges can add up to more than $64,000 – just below 20 per cent of the total cost. In the lowrise sector, that number jumps to 23 per cent and more than $116,000 on average. Many of these charges are unnecessary and a result of outdated zoning bylaws across multiple municipalities. Municipalities must ensure that local Official Plans and zoning by-laws are up to date in order to help our industry implement the intensification policies set out by Places to Grow and save new-home purchasers money. This was one of many solutions put forth to the Ontario government by BILD and OHBA as part of the province’s public consultation of the land use planning system, as well as the Development Charges Act and Land Use Planning & Appeals Systems. You can read all the recommendations by visiting our official blog at bildblogs.ca and typing “submissions to the provincial government” in the search box. We are all in this together – the industry, government and the consumer – and we must work collaboratively and with integrity to find solutions. Despite these challenges, the new homes market in the GTA remains optimistic as stabilized condo pricing, low interest rates and strong demographics have contributed to five straight months of positive year-overyear sales. If you’re in the market for a new home in the GTA, now is a great time to buy.

MORTGAGE TALK

U.S. tapering and its

// BY ALYSSA RICHARD

EFFECT ON CANADIAN MORTGAGE RATES

Alyssa Richard is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

hat are “quantitative easing” and “tapering”? Over the last couple of months, you’ve likely come across these words in any news story about the U.S. economy. What you may not have read about yet is the impact they have had on Canadian mortgage rates. Here’s a look at what’s been happening and what it could mean for mortgage rates in the future. In the midst of the financial crisis, the U.S. Federal Reserve lowered its short-term overnight interest rate all the way to zero. This effectively left them with little power to further stimulate the economy. So, the central bank essentially printed more money to buy bonds and other financial assets from banks, in a program known as “quantitative easing.”

018 NEW CONDO GUIDE MARCH 1 - 15, 2014

The banks, now flush with cash, were then able to loan more money to Americans, helping the economy grow. The bond-buying spree drove up bond prices and lowered yields (which have an inverse relation with prices). Lower yields then lowered borrowing costs, which stimulated the economy further. The central bank repeated this a few times, until it eventually took its balance sheet to slightly more than $4 trillion – from roughly $800 billion prefinancial crisis. In the first half of 2013, the U.S. Federal Reserve started talking about “tapering off” the quantitative easing program. The taper was officially announced in December, with a plan to purchase only $75 billion of debt securities in January and to reduce the purchases in future months. THE EFFECT ON CANADIAN MORTGAGE RATES Under quantitative easing, the 10-year Treasury yield jumped from 1.65 per cent before any talk about tapering to 2.80 per cent in late August 2013. In January, it was sitting at 2.86 per cent. U.S. markets often act as something of a “price setter” for the Canadian market, and Canadian bond yields tend to follow U.S. bond yields. Generally speaking, higher U.S. bond yields will result in higher Canadian bond yields. Furthermore, Canadian fixed mortgage rates follow Canadian bond yields with a strong correlation. Since last May, both the five-year Canadian bond yield and average five-year fixed mortgage rate have risen substantially (shown in chart). Overwhelmingly, economists expect U.S. bond yields to keep rising in 2014, as a result of an allegedly stronger U.S. economy and further (expected) tapering by the U.S. Federal Reserve; this would, in turn, push Canadian mortgage rates up even further.

May ‘13 Jun ‘13 Best 5-Year Fixed

Jul ‘13

Aug ‘13

Sept ‘13

Oct ‘13

5-Year Government Bond Yields (BoC)

Nov ‘13 Dec ‘13 Jan‘14 Mortgage rates by: ratehub.ca

MARCH 1 - 15, 2014 NEW CONDO GUIDE 019

COVER STORY

MENKES DEVELOPMENTS’ 87 PETER PUTS RESIDENTS IN THE HEART OF THE CITY Great location, stylish design, superb amenities – 87 Peter has it all

KNOWN FOR LAUNCHING SOME OF TORONTO’S GREATEST CONDOMINIUM RESIDENCES, Menkes

Developments recently came in as the top highrise builder of 2013, according to RealNet data, with nearly one out of every 10 new condominium suites sold across the Greater Toronto Area bring a Menkes condo. As the best-selling condo developer of 2013, Menkes recognizes that location matters most when determining a condominium’s value. Of course, the savviest condo insiders also understand that it takes more than just prime location to be great. It takes intriguing architecture, outstanding amenities, and chic interiors. 020 NEW CONDO GUIDE MARCH 1 - 15, 2014

Menkes has come to realize what it takes to be great and leads the industry by creating distinctive, design-focused, hip condominiums in iconic urban neighbourhoods like the Fashion District and the Entertainment District. Its latest Entertainment District condominium, called 87 Peter, is located between King and Adelaide in the heart of Toronto’s entertainment hub. Arguably one of the most desirable addresses, 87 Peter is designed to cater to the ultimate urbanite, offering the best in downtown living. “Located in the centre of it all, the area in itself can be considered 87 Peter’s most attractive amenity,” says Jared Menkes, director of development, Menkes Developments Ltd. “Just half a block north of world-class theatres and restaurants on King West, and only a couple blocks south of the chic boutique shopping, avant-garde galleries and trendy nightlife of

Designed by the celebrated firm of CORE Architects Inc., the 49-storey tower will boast a striking design that will stand out amongst the rest, with its eclectic glass exterior of dramatic black tones and distinct notes of white, anchored by a bold stone podium Queen West, the best of Toronto lies just outside our front door.” Designed by the celebrated firm of CORE Architects Inc., the 49-storey tower will boast a striking design that will stand out amongst the rest, with its eclectic glass exterior of dramatic black tones and distinct notes of white, anchored by a bold stone podium. 87 Peter offers a wide variety of suite layouts, ranging from a functional 318-sq.-ft. studio to a spacious, 782-sq.-ft. three-bedroom design. Working in collaboration with CORE, celebrated designer Mike Niven, of Mike Niven Interior Design Inc., will bring his signature flair for elegant, contemporary style to the design of 87 Peter’s suites and amenity spaces. Suites will boast the ultimate in efficient, modern urban design, with nine-ft. ceilings and full-height thermally insulated energy-efficient windows, with laminate flooring in the foyer, living and dining rooms, kitchen, den and bedrooms. Units will have individually controlled central heating and cooling comfort systems, as well as ensuite laundry with stacked Energy Star washer and dryer. The contemporary kitchens – with customdesigned cabinetry and quartz countertops with a choice of ceramic, porcelain or glass tile backsplash – will be fashioned to inspire food lovers to eat in, despite the amazing culinary offerings nearby. Every kitchen will feature a European-style appliance package and will include a built-in Energy Star fridge and dishwasher with custom panel fronts to match cabinetry.

Graciously appointed bathrooms will feature porcelain tile flooring and a custom-designed vanity with cultured marble top, integrated sink basin and full-width vanity mirror. In addition to the area’s endless entertainment options, 87 Peter residents will enjoy exclusive access to an abundance of amenities. The luxurious Water Spa with individual treatment tubs, water massage beds, water walls and coed steam room will offer residents a calming retreat after a long day, while the billiards lounge, dining room, and party room with bar will provide a perfect place to entertain guests. Other amenities will include the gym and yoga centre, theatre lounge with pod seating, and manicure and pedicure room. For your own 87 Peter experience, register at menkes.com.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 021

Great Gulf. Choose greatly.

ACROSS FROM SHERWAY GARDENS. MOVE IN TODAY WITH UP TO $20,000 CASH BACK.

Suites from

$225,990

Sales Centre

225 Sherway Gardens Rd. 416.695.3535 onesherway.com

LIVE ON TORONTO’S NEW BLUE EDGE, THE CIT Y’S NEXT GREAT WATERFRONT COMMUNIT Y. Sales Centre

291 Lakeshore Blvd E 416.466.8885 mondecondominiums.com

Suites from

$336,000

A NEW L ANDMARK IS UNDER CONSTRUCTION. CANADA’S MOST CONNECTED CORNER.

Suites from

$549,990

Sales Centre

33 Bloor St. E 416.922.0081 onebloor.com

Coming soon. 022 NEW CONDO GUIDE MARCH 1 - 15, 2014

Condos at King & Parliament. Coming Spring 2014. Urban Towns in Queen West. Coming Spring 2014.

LIVE AT YONGE AND RICHMOND. CIT Y, TOWER AND LOMBARD SUITES AVAIL ABLE. Sales Centre

26 Lombard St. 416.499.8883 yongeandrich.com

Suites from

$280,990

UP TO $10,000 OFF SELECT SUITES. MOVE IN THIS YEAR! THE CORNER OF JARVIS AND CHARLES.

Suites from

$479,990

Sales Centre

33 Bloor St. E 416.927.0080 x2condos.com

FABULOUSLY ST YLISH CONDOMINIUMS AT KING & CHARLOTTE. MOVE IN THIS YEAR! By Appointment

416.927.9772 charliecondos.com

Suites from

$946,990

PHASE 3 FINAL RELEASE ON SALE NOW. BOUTIQUE CONDO LIVING AT WINSTON CHURCHILL AND EGLINTON.

Suites from

$224,990

Sales Centre

4635 Metcalfe Avenue 905.828.4257 hotcondominiums.com

For more information, register at greatgulf.com/comingsoon

MARCH 1 - 15, 2014 NEW CONDO GUIDE 023

STYLE FILE

#stylereport What’s trending in decor for 2014? We’ve put together some inspiration boards to get your decorating juices flowing! // BY SARA DUCK

PANTON E RADIAN 19-3224 T ORCH ID

Pantone

Maxwell Dickson Purple Orchid Throw Pillow. $67. Visit overstock.com

LE PURPIGN RE

— the leading authority on colour — released its 2014 Colour of the Year: Radiant Orchid. This beautiful purple hue with rosy pink undertones is a great colour to play with in your home, and pairs well with teal, yellow and neutrals. “Radiant Orchid reaches across the colour wheel to intrigue the eye and spark the imagination,” says Leatrice Eiseman, executive director of the Pantone Color Institute.

Brockhampton Star Wallpaper. $225 per roll. Visit farrow-ball.com

MIX DIFFERENT SHADES OF PURPLE TOGETHER FOR A RICH LOOK.

Purple and Gold Agate Coasters. $125. Visit jonathanadler.com

Astrid Settee in Plum. $2,098. Visit anthropologie.com

Second Life Rug. $2,695. Visit elte.com CONTINUED ON PAGE 26…

024

STYLE FILE

CONTINUED…

FLORAL & FOLIAGE PRINTS FROM THE RUNWAY TO YOUR HOME, DRAMATIC FLORAL & FOLIAGE PRINTS ARE A BIG STATEMENT IN FASHION AND DECOR FOR 2014.

Hörja Lamp Shade. $20. Visit ikea.ca

Rupin Opulent Bloom Print Dress. $440. Visit tedbaker-london.com

3 Botanical + Birch Wall Art – Stencil Leaf. $123. Visit westelm.com

NATURAL WOOD ACCENTS

Adrift Table Lamp. $149. Visit urbanbarn.com

NATURAL WOOD ACCENTS ARE ONE OF THE HOTTEST TRENDS IN HOME DECOR. INCORPORATING WOOD WILL BRING WARMTH AND TEXTURE TO YOUR SPACE.

Irish Coast Extension Table. $1,199. Visit urbanbarn.com 026

Scroll Headboard in Black. $280 for Queen. Visit pier1.ca

SSIC CLAIRON S ARD O B EAD

WE LOVE IRON HEADBOARDS, A NICE CHANGE FROM THE POPULAR FABRIC DESIGNS OF LATE.

Rings Headboard in Black. $280 for Queen. Visit pier1.ca CONTINUED ON PAGE 28…

MARCH 1 - 15, 2014 NEW CONDO GUIDE 027

STYLE FILE

CONTINUED…

CURY MER LASS G

THIS CLASSIC ELEMENT FEELS MODERN AGAIN, ESPECIALLY WHEN PAIRED IN A SPACE WITH NATURAL ELEMENTS SUCH AS WOOD.

PAINTED PERFECTION Photo by Jan Baldwin courtesy of the Farrow & Ball Decorating with Colour book. By Ros Bryan Shaw, published by Ryland Peters & Small.

PAINT ISN’T JUST FOR THE WALLS! SHAKE UP YOUR WOOD FLOORING BY PAINTING IT A STRIKING HUE. Mini Abacus Table Lamp – Mercury. $69. Visit westelm.com

H POS S E CH POO

Sweater Pup Cookie Jar. $68. Visit anthropologie.com

MAN’S BEST FRIEND IS APPEARING EVERYWHERE IN 2014, FROM FRAMED PICTURES TO COOKIE JARS TO PILLOWS – IT’S FIDO’S TIME TO SHINE.

MIDCENTURY DESIGN

WE ARE SO INSPIRED BY THIS DESIGN DECADE. Photo by Jan Baldwin courtesy of the Farrow & Ball Decorating with Colour book. By Ros Bryan Shaw, published by Ryland Peters & Small.

CONTINUED ON PAGE 30… 028

STYLE FILE

CONTINUED…

Napkins in Various Colours. $13 for four. Visit sears.ca

WATCH FOR COPPER

TIC ECLECNTS PRI

THIS IS THE PRECIOUS METAL IN 2014.

PRINTS ARE BACK FOR 2014. THE KEY WITH THESE PRINTS IS TO HAVE FUN MIXING AND MATCHING, FOR A TRULY UNIQUE LOOK.

Kubus 4 Candleholder. $225. Visit dwr.com

STONEWARE & HANDMADE POTTERY Drew Chair. $999. Visit crateandbarrel.ca

Comforter Set. $180 for Queen. Duvet Cover Set. $160 for Queen. Four Piece Sheet Set. $100 for Queen. Euro Sham. $40 each. Medallion Cushion. $40. Crewel Embroidered Cushion. $40. Visit sears.ca 030

Organics Stone Dinnerware by Lenox. $60 for four piece set. Visit bedbathandbeyond.ca

YORKVILLE LIVING OWN THE SKY WITH 10 -FT HIGH CEILINGS

NEW RELEASE! FLOORS 51 & 52 THE SKY RESIDENCES PLUS WITH 10’ CEILINGS The Sky Residences Plus of Chaz Yorkville overlook some of downtown’s most spectacular views. Live steps from the subway and the best designer shopping, dining and culture. For prestigious Yorkville living, The Sky is the limit. Starting from the low $300’s.

OWN YORKVILLE FOR ONLY 5% DOWN

45 Charles St. E.

U of T

Wellesley St.

Isabella St.

Church St.

WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST CONCEPT. E&O.E.

Dupont St.

Bloor St.

Yonge St.

EXCLUSIVE BROKER BAKER REAL ESTATE INC. BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE

Sales Centre

Bay St.

SALES CENTRE LOCATED AT 101 YORKVILLE AVE. SITE LOCATED AT 45 CHARLES ST. EAST MON. – THURS.: 12PM – 6PM, FRI.: 2PM – 6PM, SAT.: 12PM – 8PM, SUN.: 12PM – 6PM, STATUTORY HOLIDAYS: OPEN

Avenue Rd.

Yorkville Ave.

QUICK TIPS

The seasonal switch-up:

// BY HELLEN BUTTIGIEG

MAKE WAY FOR SPRING! It’s time for the seasonal switch-up. Make some space for your spring and summer, and don’t give Jack Frost another thought.

Hellen Buttigieg is a certified professional organizer, life coach, TV host, owner of We Organize U and author of the best-seller, Organizing Outside The Box. For tips on getting organized, visit WeOrganizeU.com and sign up for the free newsletter.

t first, you’re afraid to put away winter gear because it is hard to believe that unrelenting, snow-filled season is coming to an end. But as spring slowly slides into place, and you’re finding spring jackets and raincoats being layered on hangers atop winter jackets. The hall closet is bursting at the seams trying to contain the collection of everything from mitts and snow boots to umbrellas and Wellies.

Make some space for your spring and summer, and don’t give Jack Frost another thought 032 NEW CONDO GUIDE MARCH 1 - 15, 2014

MAKE ROOM FOR SPRING. It’s that wonderful time of year again when we can put away the winter gear and lighten the load. Although there’s never enough storage, there are creative ways to better utilize existing spaces when storing out-of-season items. Here are some ideas to consider: add another shelf above the existing one in all the closets, and purchase under-the-bed organizers. If your bed is not high enough, you can get a bed riser to lift it. Consider creating a document on your computer that serves as an index to outline where you’ve stored what. When winter arrives, you won’t have to rely on your memory to find what you need. HOW LONG HAVE YOU BEEN PUTTING OFF THAT RUMMAGE SALE? Have you

been saving items for years with the intention of selling them, but never seem to get around to it? Pull out your calendar today and book a definite date to have your sale this spring. Blocking the time now increases the likelihood of following through with it later. Another option is to forgo the big sell-off entirely and donate these items instead. It takes several days to orchestrate a successful sale, so determine whether the money you’ll make is worth the time and energy it will take. After all, you can always get more money but you can never replace lost time.

JUMP-START YOUR SPRING CLEANING WITH BABY STEPS. If you don’t know where to begin when it comes to spring-cleaning your home, start small. Pick just one room. Moving clockwise, remove anything that doesn’t belong in that room and place it in a “move elsewhere” box to deliver to the room it should live in. Pull out anything that doesn’t give you joy or value and place it in a “give away” box. Toss or recycle any papers and garbage that are left over. Designate this room as a “no-clutter zone” so you will always have a sanctuary to escape to, regardless of what your other rooms look like. HAVE YOU STORED YOUR WINTER COATS YET? If you’ve been putting off the

task of storing your winter coats because you don’t have an extra closet, there’s a solution. A sturdy, rolling garment rack makes an ideal spot to store winter coats during the summer. Be sure to dry-clean all items before storing, even if they look clean. Body oils and not-yet-visible food stains attract moths – especially on wool coats. Cover the clothes with a clean, cotton bed sheet or use a zippered canvas wardrobe cover specifically designed for this purpose to keep your clothes dust-free. If you don’t have room for a garment rack, store seasonal items in large garment bags, suitcases or under-bed storage bins.

c ming s on Introducing the cityâ&#x20AC;&#x2122;s most connected address. A downtown condominium overlooking the bustle of the city and the beauty of the lake. Walking distance from Torontoâ&#x20AC;&#x2122;s most savoury restaurants, bars and cafes, and a stoneâ&#x20AC;&#x2122;s throw from incredible shopping, cultural attractions, Air Canada Centre and the Rogers Centre. Rich with amenities. Enriched with possibility.

Introducing 87 Peter.

COMING SOON

Peter & King Toronto Register now at menkes.com

York & Harbour Toronto Register now at menkes.com

NOW OPEN

Church & Carlton Toronto Starting from $237,990 416.591.7700

Richmond & Spadina Toronto Starting from $287,990 416.591.7700

MOVE IN THIS YEAR

UNDER CONSTRUCTION

Yonge & Park Home North York Starting from $443,990 416.730.9722

Avenue & Davenport Toronto Starting from $396,000 416.323.0100

MOVE IN NOW

Bay & Yorkville,Toronto Starting from $1.9 million yorkvilleresidences.com 416.775.7500

Evans & QEW, Etobicoke Starting from $225,990 onesherway.com 416.695.3535

Your life storey starts here. facebook.com/MenkesLife

@MenkesLife

Prices and specifications are subject to change. E.&O.E. March 2014.

THE TAX MAN

To incorporate or not to incorporate:

OWNERSHIP STRATEGIES FOR REAL ESTATE INVESTORS // BY GEORGE E. DUBE

WHEN BUYING REAL ESTATE TODAY, THINK about what your situation will be in 10, 20 and more years. Will you have adequate resources available after taxes are paid? If all goes according to plan, you will age along with your investments. Discussing the appropriate ownership structure for your family, and how it will change over time, can save untold grief and taxes. In the early stages, having the higher income spouse own properties and receive the deductions common to the early years of investment property ownership provides some tax advantages. As you earn additional income and sell properties, splitting properties between spouses may lower rates of tax within the family. But, changing property ownership can produce expensive tax consequences. Considering alternative forms of ownership now, such as corporations and family trusts, is prudent. While alternative ownership may be completely inappropriate now, from a tax perspective it may be far more effective to allow for the benefits of a structure to accrue over time. For example, creating a family trust for real estate ownership while your children are five years old may provide an excellent vehicle to pay for post-secondary education while potentially protecting assets. The more time you have to plan and implement, the more benefits are available. You just don’t want to go overboard in setting up an elaborate structure that generates additional costs and complexity to operate.

However, this is not a do-it-yourself project. While splitting income between family members is generally a good thing from a tax perspective, Canada Revenue Agency restrains certain activities with, for example, the “attribution” rules. In essence, in some situations the CRA believes that income earned by a family member truly belongs to another who contributed the funds for the investment or previously owned the investment. We like to discuss structuring real estate investments within a framework of five major categories. Your priorities within the framework mean you can make the best decision for today, and tomorrow. Often, we provide completely different recommendations for very similar situations. Ultimately, you must decide what is best for you and your family, but you need the input from your advisers to appreciate the choices and ramifications. Unfortunately, your advisers may have differences of opinion and so get them to explain why they believe in one course of action over another. Armed with this information, you can make more knowledgeable decisions. Ideally, your advisers can have a brief discussion with each other and with you to highlight areas of agreement and disagreement. Then you can weigh the choices. Generally, we consider our recommendations in the following order, allowing that priorities may differ. A quick overview of these priorities is provided. 1 Flexibility Personally, we like having as many choices as possible. Choices of how to remunerate owners, how to structure investments with co-investors without negatively affecting the co-investors, when to remunerate owners, who amongst the owners can be remunerated, how much owners should be remunerated, how properties within the portfolio may be disposed and changing the specific investors in a particular property. Corporations with joint ventures tend to provide more choices as compared to personal ownership or partnerships, for example. MARCH 1 - 15, 2014 NEW CONDO GUIDE 033

2 Legal issues While this is the domain of lawyers and their advice is paramount, liability concerns are often critical for many investors, so we offer some general comments. From our perspective, we don’t believe that anything approaching a universal opinion exists amongst the legal profession with well respected lawyers on both sides of the “should I incorporate?” question. While not generally an initial concern for investors, discussions of using family trusts in the legal context often takes place for some purchases once you own a base level of real estate. Advisers often talk about limited partnerships in the context of attracting multiple investors.

Considering alternative forms of ownership now, such as corporations and family trusts, is prudent 3 Taxation impact From a tax perspective, no one answer exists concerning forms of ownership with accountants in a similar position to lawyers regarding universality. This is further exasperated by the fact that a structure may be better or worse for you in different cases. For example, your time line for investment, objectives of your investments, nature of your investments, other business and financial activities currently and in the future, plus family situation, all play a role. For someone unconcerned with flexibility and legal issues, who earns reasonable employment income and who is interested in a “buy and hold” strategy there is little tax incentive 034 NEW CONDO GUIDE MARCH 1 - 15, 2014

to incorporate. Alternatively, someone who wants to flip or develop properties, has more family members interested in owning real estate, or currently earns business income through a corporation may be more inclined to incorporate. Further, someone wanting to attract multiple investors may prefer to remain more neutral from a tax perspective. This can be accomplished using the “flow-through” capabilities of a limited partnership because the investors can themselves decide how they prefer to own their partnership units (for example, personally or through a corporation). 4 Financing considerations With the guidance of your mortgage broker or financial institution representative, consider the impact of the potential structure on receiving financing for current and future properties. Various financing programs are often restricted to personal ownership, for example. Again, we’ve encountered a wide range of opinions from financing professionals but wish to emphasize that many legal and ethical ways exist to attract financing. 5 Professionalism and organizational issues Generally speaking, we think a corporation provides a more professional image and an ability to segregate personal from corporate activities. This level of professionalism may, however, scare off potential vendors or co-investors. Similarly some people find it much easier to understand and track their real estate portfolio when everything is basically in the same pot, or owned personally as compared to having separate little “shelves” with one or more entities. This brief synopsis shows that many choices exist, and in fact many more considerations and combinations are available, for ownership. But don’t get taken in by the sexiness of a fancy structure that you don’t understand and fails to meet your needs. You can grow into a structure when you’re ready. Changing your structure in the future may cost a little more, but you will have additional assets and cash flow to address these costs.

GEORGE E. DUBE is a veteran real estate investor and chartered accountant with the practice Dube & Cuttini Chartered Accountants LLP. George is a frequent guest speaker, has written articles, and co-authored two books: 81 Financial and Tax Tips for the Canadian Real Estate Investor: Expert MoneySaving Advice on Accounting and Tax Planning and Legal, Tax & Accounting Strategies for the Canadian Real Estate Investor. George is a member of the Real Estate Investment Network Faculty. Visit dubecuttini.com. Email georgedube@ dubecuttini.com, call 1.877.475.3823 and follow George on Twitter @dubecuttini.com

MARCH 1 - 15, 2014 NEW CONDO GUIDE 035

036 NEW CONDO GUIDE MARCH 1 - 15, 2014

MARCH 1 - 15, 2014 NEW CONDO GUIDE 037

CONDO PRO

// BY BARBARA LAWLOR

The search for the perfect home

hen shopping for that perfect home, there is so much to think about, but location always tops the list in importance. I encourage new condo buyers to consider this key factor from many ways. For example, it’s important to take your work commute into consideration in a realistic way. Too often, people look at a map, draw lines on it and measure distances as the crow flies. This is not a good idea, because crows fly over the road twists and turns, through traffic lights and

For first-timers who do not own a car, a suite in a condominium on a subway line in the hub of the city is great 038 NEW CONDO GUIDE MARCH 1 - 15, 2014

STARTS WITH LOCATION

other things you have to contend with. When you are considering specific buildings, be logical and do a little homework before you sign on the dotted line. The best way to find out whether your commute is reasonable from a particular building is to start out from that location during rush hour and actually do the drive. Then drive back to that condo after work. You may be surprised at how long – or how short – the trip is. A condominium that is farther from your workplace may, in fact, be a quicker drive, depending on its proximity to major highways, GO stations, etc. You may, for instance, find condominiums in areas such as Richmond Hill, Mississauga or Pickering that are an easier commute to Toronto than some located right in the city. Those who commute from the 905 areas may also find car-pooling an attractive solution, as they can then use the high-occupancy lanes on major highways. Shift workers who commute outside of rush hour may have a completely different outlook on location. Again, do the commute during the times when you usually drive and see just how it is. There is always the viable alternative of taking public transit. For trips in and around Toronto, whether for work or pleasure, it may make a lot more sense for you to hop onto a bus or the subway. It’s a great idea to look at the location of the condominium you’re considering in other ways as well. Start from the building and walk around. And what can you do without driving or even taking public transportation? Shop? Bank? Drop off dry cleaning? Think about the places you visit often, including the homes of family members and friends. Will those trips be a breeze? Are you taking night courses? How convenient will it be to travel to your school? There are so many things in life affected by a condominium’s location. For empty-nesters who are approaching retirement years and downsizing, a condo that enables them to stay in the residential area they know and love can be a wonderful solution. For first-timers who do not own a car, a suite in a condominium on a subway line in the hub of the city is great. And living downtown is becoming increasingly popular for families who feel that the shorter commute means more time to spend with their kids. Then again, with entrepreneurship such a popular lifestyle today, there are many condo owners who work out of their homes – and let’s face it, no commute is the best commute of all! Today’s advanced technology has even sparked some employers to have employees work from home part of the week. This means that from a work/commute perspective, they have phenomenal choice when it comes to location. Whatever your circumstances and preferences, a great condominium location is rightly at the top of your must-have list. Be optimistic and realistic, and you will make the right choices!

O T N W O D T N U O C R U O Y T R A ST

P I H S R E N W O HOME TOUR THREE MODEL SUITES RENT2OWN

ONE YEAR FREE

METROPASS

BUY WITH 5% DOWN iNG! & mOVE iN ThiS SPR

Su ites and r 3 lux urio us Mo del Vis it NY 2 tod ay to tou nie ls’ inc red ible Da of age tak e adv ant to lea rn how you can am eni ties ible red NY 2 off ers inc RE NT 2OWN pro gra m. plo ts, ing den gar and e rac ter inc lud ing a roo f top jus t mo me nts to plu s res ide nts wil l be , the atres and mo re! ing din ng, gre at sho ppi

m id $2 00 ,0 00 s Su iT ES fR Om Th E NY2 Sales Office 27 Rean Drive, Unit 10.

HOURS: Mon., Tues. & Thurs: 12pm - 6pm, Wednesday: 12pm - 8pm Saturday & Sunday: 12pm - 5pm Friday: Closed

oK call todayODtELoSUbITo E TOUR YOUR PERSONAL M

416.221.3939

NY2CONDOS.COM Model photography may vary from actual Model Suites Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers Protected. *Daniels’ Rent-To-Own Program is only available on a select number of suites. **Metropass is only available on select suites. See Sales representative for full details. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept. E. & O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without written permission of The Daniels Corporation, is strictly prohibited. See Sales Representative for full details.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 039

040

041

DESIGNER PROFILE

Q&A with

ROSARIO VARACALLI // BY LYDIA MCNUTT

“ROSARIO VARACALLI” IS A NAME SYNONYMOUS WITH innovative, transformative, soaring structures – words that aptly describe both his architectural style and the highrises themselves. You’ve heard his name if you’ve been paying attention to Toronto’s architectural landscape, but if the name escapes you then his architecture has certainly made a lasting impression over the past 25 years. Among his creations, a rising star currently in the works is 1 Yorkville, developed by Bazis and Plaza – a slender, singular tower wrapped in undulating metallic ribbons running from top to bottom, playing shadow and light against each other for an ever changing, always eye-catching exterior. We chatted with the award-winning architect to get his perspective on this design, and the city around it: LYDIA MCNUTT Yorkville’s multi-faceted façade is its claim to fame. What influenced your idea for this ever-changing exterior? ROSARIO VARACALLI I am fascinated in creating patterns on buildings that are graphical and memorable. LM What public reaction are you hoping to achieve? RV I hope that people will come to realize that architecture can have an influence on the neighbourhood in which it is created. LM What was your approach to combining this ultra-modern structure with the historic Yorkville Village buildings below it – opposites in both their scale and style? RV We wanted to create a juxtaposition between the old and new that brings the historic value of the older buildings seamlessly into the elegant modern design of the new structure.

042 NEW CONDO GUIDE MARCH 1 - 15, 2014

…a slender, singular tower wrapped in undulating metallic ribbons running from top to bottom, playing shadow and light against each other for an ever changing, always eye-catching exterior LM What do you consider about the surrounding environment when designing buildings in urban areas? RV I look at the public realm, the culture of the neighbourhood, its uses, the skyline; essentially the context in which the building will find itself. LM What do your architectural designs say about you and your personality? RV Innovative – I am always looking for innovative solutions to the location, innovative ways in using materials, innovative shapes, etc. LM How

do you envision the future of highrise in Toronto?

RV Highrise living is becoming more and more a source of a principle residence for people living in Metro Toronto. As immigration increases and space in the city lessens, and those living in the suburbs become impatient with the commute into downtown, we are seeing an increase in the desire to live in less space in a more convenient location closer to one’s workplace and to the amenities of the city. The result is that the only direction for the city is to go up. This clearly aligns with the City of Toronto’s mandate for intensification in the downtown areas and a continued interest for builders to address that requirement.

For more information, visit bazis.ca/1-yorkville. 043

TARION REPORT

// BY HOWARD BOGACH

INSPECT YOUR NEW before you CONDO CAREFULLY move in

Howard Bogach is president and CEO of Tarion Warranty Corp. For more information about how Tarion helps new-home buyers, visit tarion.com or find them on Facebook at facebook.com/ TarionWarrantyCorp.

ne distinction between buying a new home in Ontario, versus an older resale, is the mandatory warranty supplied by your builder and guaranteed by Tarion. The warranty ensures that homeowners receive a

new home that is constructed in a workmanlike manner, is free from defects in material, is fit for habitation and is constructed in accordance with the Ontario Building Code. The first chance homebuyers get to inspect their new home is during the Pre-Delivery Inspection, also known as the PDI, which takes place before you move in. Your builder is required by Tarion to conduct a PDI with you on or before the day you take possession. This is your opportunity to view your home in its entirety, learn about how to maintain it and take stock of anything that may be damaged, incomplete, missing, or not working properly. You may be excited to show it off to your friends and family, but this is not the time. The PDI is an important part of taking possession of your new home and deserves your full attention. If you are not able to attend yourself, you can ask someone you trust to be there on your behalf. During the PDI, you should carefully examine your home both inside and out. Look for things such as chips in bathtubs and sinks, scratches on countertops, damage to floors, walls, cabinetry or other finishings, and doors and windows that are not secure or do not open and close easily. Your builder’s representative will note everything down on a PDI form. Review the form carefully to make sure it’s complete. This will become the official record of the condition of your home before you moved in. In case of a disagreement between you and your builder over whether any damage occurred before or after you took possession, we will refer to the notes on your PDI form. If for any reason, the condition of the home makes it impossible to accurately assess it, for example, if there is still too much construction dust or debris covering the surfaces, you should ask the builder’s representative to reschedule the inspection until the home is cleaned. If you are unable to assess something during the PDI, simply make note of it on the PDI form. Use the PDI as an opportunity to ask questions and learn about how your home functions. Your builder will show you how to operate your home’s systems, such as heating, electrical, air conditioning and plumbing, and provide you with operating manuals. The New Home Buyer section on tarion.com has a number of resources to help you prepare for your PDI such as the PDI checklist and a guide to Getting Ready for the PDI. You’ll also find the Homeowner Information Package, or HIP, which your builder will provide on or before your inspection date. I always recommend buyers read the HIP before their inspection. Being informed and well prepared is the best way to start your home-ownership experience! If you have questions about your warranty, visit tarion.com or find us on Facebook at facebook.com/tarionwarrantycorp.

044 NEW CONDO GUIDE MARCH 1 - 15, 2014

the park.

ACTUAL VIEW OF CORKTOWN COMMON PARK FROM THE 11TH FLOOR OF CANARY PARK CONDOMINIUMS.

and everything in between. COMING SOON TO CANARY DISTRICT URBAN CONDOMINIUMS IN TORONTO’S NEW DOWNTOWN EAST. HOME TO THE ATHLETES OF THE 2015 PAN/PARAPAN AM GAMES AND WINNER OF COMMUNITY OF THE YEAR. SUITES FROM THE MID $200’s.

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the city.

ACTUAL VIEW OF THE CITY FROM THE 11TH FLOOR OF CANARY PARK CONDOMINIUMS.

Exclusive Listing: Baker Real Estate Incorporated, Brokerage. Brokers Protected. Prices and specifications are subject to change without notice. E. & O.E.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 045

IN THE NEWS

Demolition starts at

ALEXANDRA PARK! THE DREAM OF A REVITALIZED ALEXANDRA PARK moved closer to becoming a reality recently, with a ceremonial demolition event that occurred on the community’s site. The sub-zero temperatures of the frosty February day did not deter the 80 or so attendees comprised of residents, special guests and project partners, who came to see the official kick-start of the 18-acre revitalization. Local City Councillor Adam Vaughan joined executives from Toronto Community Housing Corp., Atkinson Housing Co-operative, community residents, project partners and consultants and Tridel’s vice-president of planning and development, Stephen Upton, for the momentous day. Residents gathered and spoke about their connection to the community and how thrilled they were for the transformation to begin. Toronto Community Housing Corp. presented the long-standing residents with a ceremonial brick from the pre-existing townhouses as a gift, recognizing their contribution to the planning and building process of Alexandra Park. Speaking on the neighbourhood’s revitalization and Tridel’s role as the Phase One residential partner in the public-private partnership, Upton commented, “One of the most important things is that this community will create opportunity for ownership. “As a residential development, it has the power to not only change the urban landscape, but also to change lives for the people who live and who will live here; people who are proud of their community and what it means to see the start of a new community begin to grow.” The demolition officially marks the start of the first phase of the Alexandra Park revitalization. Phase One will consist of two market condominiums, including Tridel’s recently launched SQ, as well as over 60 rental townhomes which will be rebuilt. The phase will also include the construction of a new street and extension of a second street, to improve the pedestrian connection to the rest of the community and its surroundings. SQ at Alexandra Park has had an overwhelming response, selling over 50 per cent of the development at launch in less than a month. Designed by Teeple Architects, SQ will stand 14-storeys tall and will boast a contemporary façade of staggered squares on the building’s exterior. Starting

from the mid-$300,000s, suites will feature array of desirable finishes with up to 10-ft. ceiling heights. As dignitaries called for demolition to start, the crowd cheered and applause rang, marking the true beginning of a new and revitalized Alexandra Park. ALEXANDRA PARK When completed, Alexandra Park will be an 18-acre master-planned community, consisting of two new market condominiums, including SQ at Alexandra Park. The community will also consist of new and revitalized tAtkinson Co-op residences and townhomes, as well as revitalized Toronto Community Housing residences, including senior residences. The community will also improve pedestrian access, provide new public and private open space, a new public park, retail space, and expand the existing Alexandra Park Community Centre. For more information on SQ at Alexandra Park, visit tridel.com or call 416.661.1949. For your own personal SQ experience, visit the presentation centre located at 519 Queen St. W. from Monday to Thursday 11 a.m. to 7 p.m.; and Saturday, Sunday and holidays from noon to 6 p.m.

046

FUNDAMENTALLY SPEAKING

// BY WAYNE KARL

HOW TO FIND A HOME?

Pay attention to location information and timing

espite what you often hear, buying a home isn’t only about location, location, location. True, this is the time-tested first rule of real estate, but there are other determining factors you must consider as part of your selection process. Indeed, there’s a new rule of thumb for buying real estate. LOCATION

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. He can be reached at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

First, what does that old adage really mean? Of course, we’d all love a high-end home in the best neighbourhood. But that’s not always possible. For your own enjoyment while you live in your home as well as for future resale potential, proximity to transportation, shopping, schools and other amenities is among the key determinants that affect your property’s appeal and ultimately its value. After all, those are the qualities potential buyers look for when searching for a home; the more of them your home has when you go to sell, the more desirable it will be to a greater number of people. This equates to demand – multiple offers and a higher price. INFORMATION

Whether you’re a first-time homeowner, “buying up” to accommodate a growing family or “right-sizing” as an empty nester, education is critical. And these days, with digital media and mobile technology, all the information you need is at your fingertips. From the content here in this magazine, to the resources available to you at Canada Mortgage and Housing Corp. (CMHC), to the local market expertise of new-home sales staff and realtors, the more knowledge you have, the better equipped you are to make informed decisions about buying, maintaining and eventually selling your home. TIMING

Like any financial instrument, real estate can fluctuate in value and your timing can determine how good of an investment it is 048 NEW CONDO GUIDE MARCH 1 - 15, 2014

Though your home is your primary residence, it is also an investment. Where you buy is usually determined largely by where you want to live, work and play. But when you buy and sell is also important. Like any financial instrument, real estate can fluctuate in value and your timing can determine how good of an investment it is. Given today’s challenging economic climate, there’s no shortage of media reports on the ups, downs, crashes and surges of the housing market. But if you’ve done your research, you won’t be spooked – or excited – by big-picture reports on short-term market performance. You know that real estate is not national or even regional – it’s very specific. You don’t buy the Canadian market and you don’t buy a provincial or even regional market. You buy a specific home, on a specific street in a specific neighbourhood. So, it’s not just about “location, location, location.” The new adage is “location, information and timing.” Do well with all three, and over the long haul your home is going to be one of the best lifestyle and investment decisions you ever made.

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MARCH 1 - 15, 2014 NEW CONDO GUIDE 051

IN THE NEWS

SPECTRUM REALTY CREATES NEW HIGHRISE DIVISION, announces Mira Tomljenovic as vice-president // PHOTO CREDIT: VITO AMATI ABOUT SPECTRUM REALTY

SPECTRUM REALTY IS PLEASED TO ANNOUNCE the creation of its very own highrise division involving the same team that helped shape the lowrise industry for the past 22 years. The partners at Spectrum Realty Services Inc. are pleased to announce the appointment of Mira Tomljenovic as vice-president of High Rise and partner at the new Spectrum Sky Inc. This official announcement has made on Feb. 19 at Touro Steakhouse & Wine Bar in Richmond Hill, among a selected group of esteemed industry professionals and highrise developers. Mira was the co-founder and past president of ln2ition lnc., a new home and condo sales and marketing company. She has over 25 years of experience in real estate, planning and project management fields and has won multiple industry awards, including the coveted Riley Brethour Award for Achievement in Residential Sales and Marketing. Along with her contributions to the industry, Mira has also co-founded the Race for Humanity, an annual fundraising event for Habitat for Humanity which has gained international recognition for community spirit in the building industry. She is actively involved in the Building Industry and Land Development Association (BILD), frequently spoke on panels, and has been instrumental in organizing the annual housing tours throughout North America since 2004. “We are redefining our reality, and while it makes perfect sense to use our past successes as a foundation, we are creating something totally new,” says Mira. She will work in unison with Silvio Deluca and Joseph Bozzo, creating one of the GTA’s most dynamic and innovative High Rise Marketing teams. 052 NEW CONDO GUIDE MARCH 1 - 15, 2014

Since its inception in 1992, the partners at Spectrum Realty have endeavored not only to create a niche in the marketplace, but a foothold. Today, some 22 years later, Spectrum Realty is one of the largest independent brokerages in Canada, and the leader in lowrise sales within the GTA. The four partners set out to deliver unparalleled service to its builder clients. Their goal was to be instrumental in every facet of the process, from acquiring land parcels, to the creation of draft plans, architectural and marketing advice, and providing professional and qualified sales staff to their clients. Spectrum Realty has close to 200 agents with many exclusive builder clients with sites that stretch from Newcastle in the east, Fort Erie in the West, right up to Muskoka in the north. Spectrum has been responsible for the sale of more than 30,000 new homes since its inception, and has been directly involved in creating some of the region’s most iconic neighbourhoods.

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程迎接馬年慶祝活動 • 馬年運年青人仕置業攻略 • 大多市 1/15/14 10:12:33 AM 1/14/14 2:55:40 PM 14.indd 1 GTA Chinse Front Cover_0125

newhomeguide.ca 054 NEW CONDO GUIDE MARCH 1 - 15, 2014

ARE YOU READY?

EXTREME ARCHITECTURE.CA 416.862.0505

INVESTOR ADVICE

// BY ANDREW LA FLEUR

THE PHANTOM MORTGAGE:

5 things every investor should know

1. Occupancy fees are unavoidable (with one exception...)

Occupancy fees will have to be paid to the developer every time you purchase a new condo. There is no way around it, except if you pay the full balance owing to the developer on your occupancy date. Since you can’t get a mortgage on an unregistered building, the only way to do this is with cash or other non-registered loan. If you want to do this, make sure you get a clause in your agreement to allow for full payment of balance owning on occupancy. Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto Condo Market. Visit TrueCondos.com/NewCondoGuide for a free gift. Contact Andrew at 416.371.2333 or andrew@truecondos.com

re you afraid of the dreaded “phantom mortgage”? Phantom mortgage is another name for occupancy fees which are payable from the date that you take occupancy of your condo unit until final registration of the building when your mortgage kicks in. You pay for the right to occupy your unit but you don’t have a mortgage yet. There is a lot of misinformation out there about occupancy fees. Before you decide that occupancy fees are something to fear as a condo investor, here are five things to know:

Buying from a developer with a bad reputation or little experience can sometimes result in an extended occupancy period 056 NEW CONDO GUIDE MARCH 1 - 15, 2014

2. Occupancy fees are lower if you are higher

What I mean by this is, the higher up your unit is in the building, the shorter the occupancy period will be because buildings are constructed and finished from the ground up. So, if you buy a unit on the second floor, you can expect a long occupancy period compared to someone who bought the penthouse. Consider that when choosing a floor to buy into pre-construction. Occupancy periods are typically three to six months. 3. Better developers = shorter occupancy periods

Often but not always, there is a relationship between the length of the occupancy period and the experience level of the developer. The more experienced the developer, the shorter the occupancy period. Buying from a developer with a bad reputation or little experience can sometimes result in an extended occupancy period. 4. Short occupancy period is best for you and the developer

This is the most important thing to remember. Developers want to register the building as quickly as possible and to have the occupancy period as short as possible because they don’t get their money from the banks until the building is registered and all the unit owners have their mortgages commence. 5. Occupancy fees are prescribed

Rest assured that developers can’t simply pull an amount out of the air to charge you for occupancy fees. In fact, they are simply this: interest payable on the remaining balance owing on your unit (interest rate is prescribed and based on Bank of Canada rates), plus property taxes, plus maintenance fees. Ultimately, if you are an investor and you intend to rent out your property, your occupancy fees will be paid for by your tenant – just be sure you have the developer’s permission to lease your unit during the occupancy period. Until next time, happy investing!

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VISIT OUR NEW SALES OFFICE TODAY! 21 Widmer Street, Suite 1306 HOURS: Mon and Tues: 12-6pm Wed: 12-8pm Thurs and Fri: Closed Sat and Sun 12-5pm *Limited time offer conditions apply. See Sales Representative for full details. **Some exceptions apply. Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers Protected. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept. E. & O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without written permission of The Daniels Corporation, is strictly prohibited.

PEEL THE REEL TO REVEAL YOUR DEAL! The opportunity opportunity to to own a gorgeous gorgeous new condominium condominium in Toronto’s dazzling dazzling Entertainment Entertainment District is more more exciting than ever ever before, now that that The The Daniels Corporation Corporation has introduced introduced their their limited-time “Peel “Peel the Reel to Reveal Reveal your Deal” your Deal” program. program. This means This means that that anyone anyone who who purchases at Cinema purchases at Cinema Tower Towerover over the next next little the little while while will will be be able able to receive receive $35,000 to $35,000 Cash Cash Back Backor or more! In addition, homeowners more! In addition, homeownerscan can buy with only 5 per cent down and buy with only 5 per cent down and $0 closing costs. But, that’s not all $0 closing costs. But, that’s not all – Daniels has three beautiful model – Daniels has three beautiful model suites including one fully furnished suites including one fully furnished model, so you can see for yourself model, so you can see for yourself Daniels’ outstanding quality Daniels’ outstanding quality construction and innovative design. construction and innovative design. *Conditions apply. See Sales Representative for details. *Conditions apply. See Sales Representative for details.

THE SAVINGS ARE INCREDIBLE AT THIS HIGHLY SUCCESSFUL FILM-INSPIRED RESIDENCE. Nowhere else does your suite purchase come with an authentic connection to the neighbouring TIFF Bell Lightbox, featuring a 3-year membership offering exclusive perks and privileges. Imagine being invited to attend events held in Cinema Tower’s technologically advanced screening room and getting early access to tickets for TIFF Bell Lightbox events, including the Toronto International Film Festival, before they go on sale to the public! Plus, when you’re not taking in the TIFF scene this downtown location offers world-class theatre, superb restaurants and great shopping. Cinema Tower is a shining star in this coveted downtown location. The residences’ Lobby features a 24 hour Concierge and the entrance is framed by STRATA, a stunning artistic element by Canadian Artist Peter Powning. Those who have already moved in are excited to enjoy the amenities in the 12,000 square-foot CLUB CINÉMATHÈQUE. This social space includes the Party Room with a catering

kitchen, bar and walkout to the Urban Outdoor Terrace. Residents can cook in the alfresco kitchen, barbecue and lounge beside a soothing rock fountain within this outdoor space. The club also features a Screening Room, Full-Court Gymnasium, outdoor Sun Deck, Fitness Studio, Yoga and Pilates Zone, indoor Steam Room and Hot Tub.

Full Court Gymnasium

SUITES FROM THE MID 400,000s With sustainability in mind, Cinema Tower is built to the LEED® Certification Standard, with unique features such as an all-off master light switch and double-paned Low-E glass windows. Suites also include 9-foot ceiling heights, engineered wood flooring, and kitchens with Miele appliances, quartz countertops and handcrafted Irpinia cabinets. Cinema Tower suites begin from the mid-$400,000s, and immediate occupancies are available. If you’d like to own but are still saving for a down payment, ask about Daniels’ Rent2Own Program. Choose a suite, sign an Agreement of Purchase and Sale and begin accumulating your down payment when you move in. A portion of your monthly rent, plus, your initial deposit, will be credited toward your 5 per cent down payment. After one year, top off your down payment for your closing. It’s that easy!

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The Daniels Corporation is one of Canada’s pre-eminent builder/ developers, building more than 24,000 new homes across the Greater Toronto Area for 32 years. Daniels was named the Tarion Warranty Corporation’s 2012 Ontario High Rise Builder of the Year and the recipient of the 2012 Toronto Arts and Business Award presented by the Toronto Arts Foundation. Among its many initiatives, Daniels was chosen to partner with Toronto Community Housing to revitalize Regent Park

– 69 acres in the heart of Toronto’s Downtown East. Committed to community, Daniels offers innovative programs that help people achieve homeownership, champions neighbourhood initiatives that enhance residents quality of life, and supports numerous charities and non-profit organizations.

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Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers Protected. *Limited time offer. See Sales Representative for full details. Specifications and programs are subject to change without notice. Illustrations are artist concept. E. & O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without written permission of The Daniels Corporation, is strictly prohibited.

057

LEGALLY SPEAKING

Considerations for buying

Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit schwarzlaw.ca or email info@schwarzlaw.ca and give us your questions, concerns, critiques and quandaries.

anadians have never been more interested in owning foreign property than now. Whether it’s to plan for retirement, generate additional income or have a vacation place of your own, we are often drawn to home ownership at our favourite destination. Thanks to low interest rates and a stable economy, Canadians have the upper hand and the world knows it. However, home ownership in another jurisdiction means a slew of considerations that are complex and at times, overwhelming. In the U.S., for example, there are estate tax issues that come up, and you may require a specially designed Trust to avoid Uncle

The home you purchase can bring years and years of happy memories and a great return 058 NEW CONDO GUIDE MARCH 1 - 15, 2014

// BY JAYSON SCHWARZ

FOREIGN PROPERTY Sam hitching his horse to your wagon in the event of the property owner’s death. There are issues of law if the country does not have a British system and if it’s run on civil or Napoleonic law – Martinique and St. Martin are examples. There may be other issues of property ownership such that foreign nationals may only be able to lease, not own. The next issues relate to the vendor. Are you purchasing from a reputable organization? If it is a brand new condo, how are you sure the developer will be around if things go wrong? What guarantees are there on your deposits if the company goes broke and does not finish the project? It sounds like a lot to think about… but it was so easy to sign up during the tour. So, really, what are you buying? Are you buying a timeshare, outright ownership or a long-term lease? More and more questions. HERE IS A LIST OF A FEW QUESTIONS THAT NEED TO BE ANSWERED ON A PRELIMINARY BASIS ON A FOREIGN RESORT OR NEW CONDO PURCHASE BEFORE YOU MAKE ANY OFFER:

1. Location – why are you choosing this location for a second home? 2. How much time will you spend in a typical year in your second home? 3. Will you typically bring friends and family? 4. What are the common fees and how are they set and controlled? 5. What are resales like for the development? 6. What is the legal structure and laws that apply in the country you are looking at purchasing in? 7. Would you rent the property out, and if yes, what are your expectations and needs on rental income? 8. What security is there for deposits and payments? HERE IS THE LITMUS TEST TO GO FORWARD:

A. How did the resort or sales centre answer those eight questions? B. Did they satisfy you with their knowledge and professionalism? C. Did they try to push you into signing something without the opportunity to consult with a lawyer? If those questions are answered to your satisfaction, then you know you are in the right place. If you have an intention to buy, make inquiries and find a lawyer, possibly a referral from your lawyer or friends at home. You need to understand the tax implications of a purchase, and more importantly, the tax impact if you sell for a profit or earn income. As an example, Barbados is a Canadian tax treaty partner and you may get favourable consideration on a capital gain or on rental income. Each country is unique and you need a lawyer or accountant to help you figure it all out. Buying a second home in a warm locale is a dream many Canadians share. If the deal is properly structured, the home you purchase can bring years and years of happy memories and quite possibly a great return down the road. Good luck.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 059

SWIM AMONG THE CLOUDS At YC Condominiums, the top floor isn’t reserved for penthouse suites, it’s reserved for you. AQUA66 is one of the highest infinity pools in the Western Hemisphere. Sixty-six stories above the city, surrounded by endless views, this is your oasis in the sky. Spectacular resort-like amenities and luxurious suites are all a part of life at YC Condominiums.

YC CO N D OS .CO M 062 NEW CONDO GUIDE MARCH 1 - 15, 2014

CO N DOMINIU M RESIDENC E S COM IN G SOON TO YO N GE AT COLLE GE MOST SUITES UNDER $600’S PENTHOUSE S FROM $1 MILLION+ Renderings are artist’s concepts. Prices and specifications are subject to change without notice. E. & O.E. MARCH 1 - 15, 2014 NEW CONDO GUIDE 063

CONDO PROFILE

CANDEREL RAISES THE BAR ONCE AGAIN

YC Condos will wow residents with spectacular design, architecture and amenities

s one of Toronto’s leading condominium developers, Canderel Residential has always strived to raise the bar! Reaching above the competition, the developer tries to go higher and farther than any other condominium, always looking for unique ways to set them apart from the competition. Now, Canderel is poised to bring the ultimate in style and sophistication to Toronto’s inner core with the launch of their newest development in the historic College Park neighbourhood – YC Condos. “In designing YC Condos, we truly wanted to go above and beyond the ordinary,” says YC Condos’ designer Diego Burdi, creative partner at Burdifilek. “We combined a classic and timeless design with a clean, modern aesthetic to create a unique

064 NEW CONDO GUIDE MARCH 1 - 15, 2014

building that will stand as a Toronto landmark for generations to come.” Indeed, YC Condos’ prime location at Yonge and College will bring fabulous style to Toronto’s core. Designed by the architects at Graziani & Corraza, the building’s exterior will boast a dramatic façade of contrasting colour and varying depth, with glassenclosed balconies wrapping the building. Standing at 66 storeys, Tower Suites will range from studios to three bedrooms and start in the high $200,000s, while the Penthouse Suites will range from 1,000 to 1,500 sq. ft. and start from just over $1 million to over $1.5 million. Penthouse suites on floors 59 through 63 at YC Condos will include approximately 10-ft. smooth ceilings, engineered glued-down wood flooring, eight-ft. high solid core contemporary-style swing interior doors or sliding doors, gas fireplace with a natural stone surround, separate laundry room with ceramic tile flooring and front-loading stacked washer/dryer, and generous wrap balconies that offer exceptional panoramic and unobstructed views of downtown Toronto and beyond. Gourmet kitchens will boast custom-designed

built-in extended cabinetry with contemporary panel doors, five built-in appliances, stainless steel undermount sink, doubleedged quartz countertops, quartz backsplash, under-cabinet lighting and a spacious kitchen island for entertaining. Master ensuites will feature a contemporary vanity with mirror and two undermount sinks with chrome single-lever faucets, freestanding deep soaker tub, separate shower stall with frameless glass door (as per plan), full-height glass mosaic tiles in shower enclosure and natural stone tile flooring. Welcoming residents home after a long day is the stunning exposed concrete and marble lobby, providing a modern, chic gateway into the lifestyle at YC Condos. “While the architecture and design at YC Condos is like no other, we are very proud to be offering residents an immense array of amenities, some of which have yet to be included in any condominium in Canada,” says Riz Dhanji, vice-president of sales and marketing at Canderel.

INDEED, YC CONDOS’ PRIME LOCATION AT YONGE AND COLLEGE WILL BRING FABULOUS STYLE TO TORONTO’S CORE. DESIGNED BY THE ARCHITECTS AT GRAZIANI & CORRAZA, THE BUILDING’S EXTERIOR WILL BOAST A DRAMATIC FAÇADE OF CONTRASTING COLOUR AND VARYING DEPTH, WITH GLASSENCLOSED BALCONIES WRAPPING THE BUILDING.

Taking things to a new level, YC Condos will boast 17,400 sq. ft. of world-class amenities on three floors – the seventh, 64th and 66th floors, and the impressive 9,310-sq.ft. amenity space on the seventh floor includes an outdoor terrace. “But nothing we’ve ever done before will match the 60-ft. wide infinity pool at YC Condos,” says Dhanji. “It is a first for the North American market.” Set high in the sky on the 66th floor, Aqua66 is one of the only infinity pools of its kind in the western hemisphere. Residents will be able to escape the hustle and bustle of the city in glamorous style in the pool’s 4,415-sq.-ft. facility, offering plenty of space to relax and indulge in the sky-high pristine setting. Other spectacular amenities will include Lounge64, a 3,715-sq.ft. social lounge area complete with bar, transparent fireplace, billiards table, and a beautifully appointed dining room and catering kitchen, all with unobstructed south views of the lake and the Toronto skyline. Residents will be able to get an invigorating workout in the seventh-floor state-of-the-art gym with dedicated yoga and stretch studio that opens to the fresh air. Also on the seventh floor is an impeccably designed social space, which includes a 3,390-sq.-ft. outdoor terrace, two private dining rooms each with an outdoor terrace and built-in barbecue areas for dining al fresco. Standing tall is what Canderel is all about and YC Condos will be no exception. For more information, and to register for your priority preview, visit yccondos.com. MARCH 1 - 15, 2014 NEW CONDO GUIDE 065

HOMEBUYERS’ HELP

// BY MARNIE BENNETT

10 mistakes FINDING THE Top and how to PERFECT HOME: avoid them

uying a new home is one of the most significant decisions of your life. Be properly educated and make all the right moves to ensure your home is both a comfortable place to live and a great investment for the future. Here is a list of the 10 most common mistakes to avoid:

1. FAILING TO USE A TRUSTED ADVISER A home is the greatest asset

Marnie Bennett is the number one Realtor worldwide for Keller Williams Realty Inc., and is in the top one per cent of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals. Contact mbennett@bennettpros.com for a free copy of 10 Deadly Mistakes Buyers Make When Purchasing a Home. bennettpros.com

Be properly educated and make all the right moves to ensure your home is both a comfortable place to live and a great investment for the future

of your life, so you need to ensure you have done the proper homework. It is critical that you work with a professional such as a trusted real estate representative and lawyer. Make sure your real estate professional is dedicated to the job full time, and that they know exactly what you’re looking for in your top neighbourhood – not their’s. Work with someone who gets you the best price and a hassle-free experience.

2. WASTING TIME BY LOOKING AT HOMES YOU CAN’T AFFORD Most buyers don’t know what they can afford. It is critical that you know both your credit rating and how much of a mortgage you qualify for before you begin shopping for a home. Get a full mortgage pre-approval from your bank or broker, which is a commitment from the lender that states the purchase price and your interest rate – guaranteed for a specific amount of time, usually 90 to 120 days. When buying a brand new build, you will need a capped rate up to 18 months to accommodate the construction period. With this approval in hand, you can then concentrate on looking at condos you know you qualify for. 3. BUYING THE WRONG HOME The first thing prospective buyers should do is make a list of priorities and outline the “must-haves” and your “wish list.” Determine the desired housing style, number of bedrooms, bathrooms, neighbourhood, parking and proximity to work or public transportation. There are so many choices, so be clear and concise, and stick to your budget. 4. TRYING TO SAVE MONEY BY NOT HIRING A PROFESSIONAL HOME INSPECTOR A home inspection can help distinguish a home that is a

money pit from one that is a gem. Even brand new home buyers can benefit from a home inspection.

CONTINUED ON PAGE 68… 066 NEW CONDO GUIDE MARCH 1 - 15, 2014

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HOMEBUYERS’ HELP

CONTINUED…

5. NOT REVISITING YOUR TARGET NEIGHBOURHOOD A FEW TIMES

It is critical that you view the home at different times of the day and at night. You want to ensure you made the right decision on your neighbourhood of choice – and potentially your new neighbours. 6. GIVING IN TO FEAR Yes, buying a home is a scary thing and you may not feel certain you’ve found the right place. Should you buy now? Will prices fall? Will you receive any incentives? Should you keep looking? Remember, when you’re renting you are making someone else rich and not building equity in your own home. When you become a homeowner, you have a fixed asset and you’re on your way to financial freedom. Do your homework and be ready to make the decision when you find the perfect home for you. Have confidence. 7. NOT BEING PREPARED FOR CLOSING COSTS The down payment is one thing, but there are other closing costs such as lawyer fees, land transfer taxes, utilities, insurance and others, so be prepared. You may also be eligible for government programs such as the Home Buyers’ Tax Credit and Home Buyers’ Plan, so do your research and know what your total costs will be. 8. NOT UNDERSTANDING YOUR MORTGAGE This is a complex

and often-intimidating topic, but what you learn (or don’t learn) about mortgages could save or cost you thousands of dollars. Key factors are your interest rate and amortization, but also find out what your payment privileges are, whether the mortgage is portable, your down payment requirement, insurance needs, if the mortgage is open, closed, variable or fixed. Understand the terms and what they mean for you.

068 NEW CONDO GUIDE MARCH 1 - 15, 2014

9. FAILING TO UNDERSTAND THE DIFFERENCES BETWEEN BUYING A NEW AND RESALE HOME Resale

and new homes each have their own advantages and disadvantages. Make a list and compare them. For example, with a new home you have choices such as style, finishes and the suite’s location in the building – and everything is new. But you also may face construction delays, which could impact your finances or current living arrangements. With resale, what you see is what you get. Figure out which scenario is best for you. 10. BEING ILL-PREPARED FOR MOVING DAY It is important to

establish a list of priorities and ensure you have contacted the utility companies, secured proper insurance, booked movers, rerouted your mail and finalized all financing. If you do all your homework and you’re well prepared, moving day can be the start of one of the greatest experiences of your life.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 069

IN THE NEWS

HUNDREDS ATTEND GRAND OPENING OF WYLDEWOOD COVE Now over 50 per cent sold!

PICTURED

Response to this unique community and its spectacular four-season lifestyle is phenomenal

BRANDY LANE HOMES’ NEWEST COLLINGWOOD CONDOMINIUM COMMUNITY,

Wyldewood Cove, is another resounding success. Wyldewood Cove has proven a hit with Toronto-area residents who enjoy the great outdoors. Now over 50 per cent sold, an excellent selection of condos is still available across the community’s seven Manor-style buildings, all of which offer amazing views. Priced from just $169,990 with the vast majority under $250,000, these beautiful homes offer the best of four-season living in an area renowned as Ontario’s “Ski and Golf Country.” “There will never be another opportunity like Wyldewood Cove, and we’ve been overwhelmed by the response to this unique community,” says David Hirsh, president of Brandy Lane Homes. “These condos offer unprecedented value given their location right on Georgian Bay, the year-round Collingwoodarea activities, and spectacular deep water channel

070 NEW CONDO GUIDE MARCH 1 - 15, 2014

that was built exclusively for Wyldewood Cove.” Located off Hwy. 26, the community is cradled by a 15-acre nature preserve along the west, and Georgian Bay on the north. Wyldewood Cove will have its own shore-side trail featuring a Lighthouse Lookout pergola. The on-site trail links to the central promenade that includes a skating rink, which transforms into a landscape feature in summer. The trail then connects to the yearround pool, where residents can take a dip during any season they please. The deep water channel will be enhanced with floating docks, swim platforms and adjacent kayak storage. Wyldewood Cove’s intimate lowrise buildings have inviting portico entrances, and the onebedroom, one-bedroom-plus-den, two-bedroom and three-bedroom open-concept layouts are ideal for entertaining. The spectacular loftstyle designs have a dramatic twostorey vaulted ceiling, and an additional full bathroom on the upper level. The sales office is at 11352 Hwy. 26 at Cranberry Trail East, just west of downtown. Hours are Friday to Tuesday noon to 5 p.m.; closed Wednesday and Thursday. Visit WyldewoodCondos.ca or call toll free 1.888.445.9608.

IT’S BACK. DON’T MISS OUT.

E-A-S-Y

THE OWNERSHIP PROGRAM:

CAN YOU AFFORD TO BUY AT THE STATION? YES YOU CAN!

These days, with rent on a 2-bedroom apartment in Toronto reaching $2,000/month and beyond**, saving for a down payment can feel next to impossible. But at The Station, our new deposit structure* makes saving a snap. So not only can you afford to buy your own place, but the place you call home can be at North York’s award winning record-breaking development. Here’s how it works.

LET’S SAY YOU’RE LOOKING AT ONE OF OUR EXCEPTIONAL 2 BED + 2 BATH SUITES. YOU GET:

• • • • • •

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Just like that, in 13 months, your down payment will be done and you’ll be the proud owner of an amazing new condo with expansive Terrence Lukas-designed interiors, spacious balconies, and amenities like The Studio Club, fitness centre and the city’s first indoor/outdoor heated party rooms.

ONLY $25,000 TO GO.

FOR THE NEXT 13 MONTHS, YOU PAY JUST $962/MONTH TOWARD THE DOWN PAYMENT AND WE’LL MATCH IT WITH AN EQUAL $962 DISCOUNT OFF THE PRICE OF YOUR CONDO.

SAFE – The Station is already under construction. SMART – Easy subway access and a 20-minute ride to downtown, mean condos at The Station will always be in demand. GREAT DEAL – With this innovative down payment plan you can finally afford to own your own place.

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On Tippett Road, south of Wilson Avenue / Mon to Wed 12–6pm Sat + Sun 12–5pm *Conditions apply. On select suites only. See sales rep for details. Prices, specifications and deposit structures are subject to change without notice. E. & O.E. Exclusive Listing Brokerage: The Condo Store Realty Inc., Brokerage. Brokers protected. Illustration is artist’s impression. **Source: theglobeandmail.com

MARCH 1 - 15, 2014 NEW CONDO GUIDE 071

AROUND THE HOUSE

MANLY OBSESSIONS

“MOST IMPROVEMENTS THAT HOMEOWNERS MAKE TO

their property will increase its value, if done right,” says Lou Grossi, managing broker at Intercity Realty Inc., Brokerage based in Vaughan, Ont. “There are many ways to boost your own enjoyment of your property while creating features both you and a future purchaser appreciate,” he adds. “One that especially appeals to me is the man cave, or ‘manctuary,’ which I plan to include in the new house I’m currently building for my own family. You can spend a few hundred dollars, or into the thousands.” Man caves have grown in popularity in recent years as the men in the house look for a place to call their own – a place to display their trophies, favourite collectibles and prized possessions. The man cave can be a spare room in your condo, it can occupy the whole basement or garage, and some guys are even building cabanas to house their get-away. Lou discusses his proposed man cave with Flora DiMenna of Flora DiMenna Designs, who has conceptualized many manctuaries. “When it’s in a basement, that sort of improvement can increase the value of a home because it adds a new dimension to the entire living space,” says Flora. “It transforms the basement area from storage or workshop to home

entertainment and much more.” “I know you’re a sports fan, so you’ll surely be among the 75 per cent of guys who have a big-screen TV in their man cave,” says Flora. That figure comes from a recent survey by Servicemagic.com. “But there can be a lot more to the man cave feature than just an entertainment centre,” she adds. Some man caves will be a cabana at pool-side and have a large 80-in. screen TV, fireplace, bar, pizza oven, indoor grill and barbecue for “man” events. This type of so-called man cave is actually a great complex for family, relatives and friends to enjoy. These cabanas are normally pool side with a great overhang for tables, a fully equipped washroom, shower and change room. Depending on the size, they can also accommodate holiday parties and special events. Garages are still wonderful man cave options where the cost may be less than totally finishing the

The “man cave” can be a spare room in your condo, it can occupy the whole basement or garage, and some guys are even building cabanas for their get-away CONTINUED ON PAGE 74…

072 NEW CONDO GUIDE MARCH 1 - 15, 2014

Real Estate Incor porated



DUNDAS SQUARE GARDENS! O’S T N O R O NT

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OW DOWNT

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SF CONDO

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Real Estate Incor porated

MARCH 1 - 15, 2014 NEW CONDO GUIDE 073

AROUND THE HOUSE

CONTINUED…

The survey reports that other popular man cave features include a bar, fridge and one or more recliners basement or building a cabana. These garages are now being heated with good insulated metal roll-up garage doors with tiled or epoxy painted floors. They are also adding beautiful wood drop type ceilings with jazzy looking pot lights, great seating and lounging areas, and all this to showcase their favourite car! Be it an old Chevy, Corvette or a sleek Ferrari, it’s their baby and they love to hang out in their man cave with friends, enjoying their prized possessions. The survey reports that other popular man cave features include a bar, fridge and one or more recliners. Flora notes that a finished basement enhances value when it is completed at the same level as the rest of the home and uses similar finishes such as trim, molding, doors and hardware. “As you well know, in the real estate business Lou, the special features that have been added to a property are so often the very ones that make the sale happen. Start by doing research on the types of surface finishes, lighting, and the various features you want in your man cave,” says Flora. Lou agrees and adds, “When it comes time to sell, homeowners can recoup 73 per cent of their investment with a higher list price. It’s always a good plan to keep an eye on the future value of any real estate.” And who says that a man cave must be stationary? Flora designed a private coach bus (pictured) with a washroom, private lounge area, TVs, sports gaming equipment, a 074 NEW CONDO GUIDE MARCH 1 - 15, 2014

great sound system, and lighting tied in to the music which changes LED lights along with the beat. That is certainly one of the most unique man caves. There’s no question that, when done right, thoughtful improvements and additions enrich the value of most people’s greatest asset and investment: their home. Intercity Realty Inc., Brokerage, is an independent real estate brokerage firm with the experience, connections and youthful energy which clients are seeking. Visit intercityrealty.com and follow Intercity Realty on Facebook and Twitter @InterCityRealty. FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 074

CONDO PROFILE

HARMONY VILLAGE SHEPPARD: Revolutionizing condo living for today’s Boomer and Zoomer generations

he wait is almost over for Baby Boomers and Zoomers eager to downsize their real estate and upgrade their lifestyle. The first Harmony Village will open its doors and welcome the community with the launch of Harmony Village Sheppard in early spring. Located on Sheppard Avenue, just west of Warden Avenue, Harmony Village Sheppard is setting the new standard in amenities and services. The development will feature

076 NEW CONDO GUIDE MARCH 1 - 15, 2014

beautiful, well-crafted homes that are part of an integrated community. Forget having to jump into the car to run errand; on-site shops and restaurants will cater directly to residents’ everyday needs. And anyone who was stuck without power during the December ice storm can take heart – Harmony Village will be energy independent. The developers are incorporating the latest in co-generation and geothermal technologies to keep residents safe and comfortable year-round. The entire development will be powered through Combined Heat and Power (CHP) Generators – also known as “cogeneration” – that simultaneously generates electricity and heat. Both towers will have generators on their rooftops to

protect against power failures while lowering electricity costs. In the event that city power lines are damaged, Harmony Village residents will continue to have heat, lighting and power. This revolutionary technology is already incorporated into buildings in Europe and the United States. The team at Harmony Village is bringing sustainability to a new

LOCATED ON SHEPPARD AVENUE, JUST WEST OF WARDEN AVENUE, HARMONY VILLAGE SHEPPARD IS SETTING THE NEW STANDARD IN AMENITIES AND SERVICES.

level by providing lower utility costs and no blackouts – a win-win for everyone. Harmony Village Sheppard will revolutionize the condo market and offer an array of unit sizes and features, including:

›› 291 units with prices starting at $175,500; ›› LEED Gold designed residential condominium community; ›› geothermal/solar heating and cooling technologies with three times the normal insulation throughout the residential and community buildings; ›› the entire facility will generate its own electricity providing residents’ total peace of mind; ›› approximately 35,000-sq.-ft. community centre, featuring a teaching kitchen for culinary classes and a wine cellar for tasting events; ›› concierge services; ›› health and wellness, and home care services and facilities within the development for delivering the highest level of full-service retirement living; ›› more than 100 programs and services to be offered on site through Harmony Village’s partnership with St. Paul’s Lamoureux Centre (SPLC), an award-winning agency that specializes in services to promote healthy aging. Harmony Village is more than just a condo development – it is a vibrant and robust community that will bring together like-minded individuals to enjoy a mix of activities and services right at their fingertips. Visit the Harmony Village Sheppard sales centre located at 3260 Sheppard Ave. E. or online at harmonyvillage.ca. MARCH 1 - 15, 2014 NEW CONDO GUIDE 077

“Perfect for the Spring Wedding”

Wedding rings $1100 to $2700 by Christian Hasler & Helen Kim-Hasler Bowtie with wood button $68 by Erik Fürer Greeting cards $5 each by Malika Pannek & Tomas Urbina

MARCH 1 - 15, 2014 NEW CONDO GUIDE 079

MAKE YOUR MOVE

How to prepare for the

Chuck Resnick is vice-president of marketing and operations, Two Men and a Truck Canada. twomenandatruck.ca

oving your worldly possessions involves a lot of organization, and if there’s one thing professional movers understand, it’s to expect the unexpected. In fact, that’s a major reason why many people choose to hand over the task of moving to companies that do this every day. Some do-it-yourself moves go well; others end up unnecessarily stressful because those completing the work don’t anticipate potential glitches. Checklists are great, but every

080 NEW CONDO GUIDE MARCH 1 - 15, 2014

// BY CHUCK RESNICK

UNEXPECTED WHEN MOVING single move is different – and nothing beats experience for transferring household and other goods quickly, safely and efficiently. For example, if you move in the winter and it’s a snowy, slushy day, how do you protect the floors from water/salt damage at both ends? What about getting large items around hard-to-manoeuvre corners without marking walls? What if someone gets hurt? Do you know how to pack delicate items such as lamp shades and glassware to eliminate shifting and potential breakage during a long haul? What if the truck breaks down or gets into an accident halfway to your new home? Professional movers have resources to draw upon to anticipate and handle any number of unexpected happenings. Training is a great preventative measure – when you shop for a mover, find out if and how the drivers and moving people are trained. Ask whether they have a “Plan B” in case of vehicle problems, and what you can do to be as prepared as possible when the packing/moving begins. As tempting as a DIY move may be, think through the consequences. Are you prepared to deal with the possibility of friends or family members not showing up on moving day due to illness or hurting themselves trying to move heavy items? Do you have a back-up plan for extra items in case you misjudge the size of moving vehicle you need? What about plants? Hazardous liquids? Of course, there are specialty items that require an unusual level of care – pianos, pool tables, grandfather clocks, artwork, antiques and the like. The money you think you’ll save by not hiring a professional mover may end up being spent on repairs if these large and valuable pieces are not handled correctly. Worse yet, irreplaceable items may be lost forever. And have you thought through unpacking at the other end? On your first night there, you will need bedding, toiletries, towels and some kitchen items. Do you have a plan that includes being able to find those things easily and quickly? All of these considerations and more are covered in the training that Two Men and a Truck franchisees take part in at what we call Stick Men University in honour of the company logo. Among the many things they learn is how to manoeuvre, wrap, pack and load items from big-screen televisions to china cabinets filled with breakables. If you do decide to move yourself, on the Two Men and a Truck website we provide moving tips, a moving checklist and even special things to consider for extremely large items. Give some thought to what might happen along the way and make contingency plans. And be realistic – hiring a professional mover can offer tremendous peace of mind and is money well spent.

HOMEBUYERS’ HELP

HOW TO RESEARCH your new home purchase

BUYING A NEWLY BUILT HOME FROM A BUILDER is different than purchasing a resale home. Your attention should be placed not only on the home itself, but also on the reputation of the builder. All builders in Ontario must be registered with Tarion Warranty Corp. and all new homes in Ontario come with a warranty that lasts seven years from the date of the first possession. That warranty is guaranteed by Tarion. The warranty ensures homeowners receive homes that are constructed in a workmanlike manner, free from defects and constructed in accordance with the Ontario Building Code. There are many reputable builders in Ontario that will freely offer this information to any potential purchaser. A buyer should be suspicious of a builder who does not want to discuss the mandatory new home warranty.

A buyer should be suspicious of a builder who does not want to discuss the mandatory new home warranty The first step in your research should be to find out whether your builder is registered. This can be done by visiting tarion.com and clicking on “Ontario Builder Directory.” Every registered builder in Ontario is listed in this database. It shows a 10-year history that includes chargeable conciliations and the number and amounts of certain claims paid by Tarion. A chargeable conciliation occurs if a builder and a homeowner disagree about whether an item is covered under the Ontario new home warranty program and, after an inspection by Tarion, the item is found to have been covered under the warranty. Claims refer to situations where the builder did not resolve a homeowner claim and Tarion stepped in to work directly with the homeowner, either by making repairs or providing a cash settlement. You may want to consider these numbers in comparison to the number of homes the builder has built over the years. This number is listed in the database as “number of possessions.” 082 NEW CONDO GUIDE MARCH 1 - 15, 2014

The directory also shows: if a builder has been a Tarion Award of Excellence finalist or winner in the past three years; a breakdown of the types of homes built over a 10-year span into freehold homes and condominium units; and lists the names of officers and directors for each company, providing links to companies that share the same officers and directors. You will also find a list of builders who are no longer registered with Tarion. The directory will confirm whether a builder’s registration has expired or whether Tarion has revoked their registration or refused to renew it. Once you’ve confirmed that your builder is registered and checked out their listing on the directly, the next step is to ask around. You may want to go to neighbourhoods where this builder has built homes and inquire about homeowners’ experiences. You can also ask for references. Speaking to other homeowners will give you a good indication of whether the builder stands behind his/her construction and is attentive to customers. Finally, if you don’t find your builder listed in Tarion’s database, or if he or she gives you any reason not to offer the mandatory new home warranty, call Tarion at 1.877.9.TARION. NC

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fusecondos.com 416.534.4444 Neudorfer Corporation All renderings are artist’s impression. Prices, sizes and specifications are subject to change without notice. E. & O.E. 2014. *As per plan. See sales representative for details.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 083

AROUND THE HOUSE

// BY DANUSIA STEELE

FENG SHUI

Danusia Steele is a licensed real estate agent who has been selling and marketing new homes and condos for 33 years, and a sales representative with Condo Store Canada. Real estate introduced her to Feng Shui many years ago and in pursuit of that interest, she has taken many courses and is a feng shui practitioner. Email her at danusia.steele@gmail.com

eng shui (or “wind and water”) is an ancient Chinese art and science developed over 4,000 years ago. Simply put, it is the practice of arranging your environment so that energy flows gently and smoothly through your home.

If your condo suite is located next to an elevator, stairway or fire escape (a source of serious energy!), place a plant inside the front door to counteract that flow 084 NEW CONDO GUIDE MARCH 1 - 15, 2014

in your life, and condo

Initially, people wanted to come up with principles that ensured their homes (and more importantly, their tombs!) were placed in a location that offered shelter from winter storms, floods and blazing heat. The practice is based on the concept that everything in your environment has a life force or energy, called “chi.” By balancing your chi, your space just feels good, and supports what you want out of life, whether it’s a better career, better personal relationships or new romance, improved health, more income, fame and reputation, desire for more travel, or to increase your knowledge and education. Just as chi flows through your body, it also flows through your living environment. When the energy flow is slow, moves too quickly, or is obstructed and unbalanced, it is believed that chi may lead to ill health, domestic strife or financial woes. Grand Master Lin Yun introduced a Western form of feng shui to the United States in the 1970s. These days, most Westerners have at least heard of feng shui, and many are using the practice to arrange their homes for good luck and prosperity. Businesses, from Citicorp and TD Bank to Donald Trump’s companies, are integrating feng shui principles into their practices. Oprah Winfrey also practices feng shui in her homes and offices. Even the British Royal family is rumored to apply feng shui principles. FENG SHUI AND YOUR NEW CONDO

For followers of feng shui, some key principles will determine which suite and building design they choose to call “home.” But where there is a problem, there’s also a solution – and a lot of it has to do with bringing balance through nature: ›› If your condo suite is positioned at the end of a long corridor, this causes a lot of energy to rush at your front door – a feng shui no-no. To slow it down, hang a small mirror on your door facing the outside of the unit. (First, check your condo’s bylaws to make sure this is allowed!) On the other side of the door facing into the unit, hang a picture of flowers or forest – something that depicts nature. ›› If your condo suite is located next to an elevator, stairway or fire escape (another source of serious energy!), place a plant inside the front door to counteract that flow. ›› If your condo suite has a lot of sharp angles and corners, place a plant at the offending corner. Another solution is to hang a round crystal from the ceiling, which can also disperse the sharp energy. Round tables can also stop fast-moving energy, directing the energy to flow around the table to slow it down.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 085

FINANCES

TAX TIPS:

Canada’s top 10 tax questions answered H&R BLOCK CANADA ANSWERED more than 3,000 tax questions online in 2013. Here are the most popular questions from the past year:

HOW MUCH CAN I EARN BEFORE I START PAYING TAX? In 2013, you can earn at least $11,038 federally before you begin paying income tax.

I AM A HOMEOWNER. WHAT CAN I CLAIM ON MY TAXES? Unlike the U.S., the tax benefit from owning your own home comes when you sell. Every Canadian is allowed a capital gains exemption on their principal residence. But if you bought your first home in 2013, you can claim the $5,000 Home Buyers’ Amount that brings about $750 in tax savings.

I STARTED UNIVERSITY IN THE FALL. HOW MUCH WILL MY REFUND BE? In order to receive a tax refund, you have to have paid income tax during the year. If you didn’t work during the year, your tuition credits cannot create a refund on their own. However, you can carry the credits forward to use in future years when you are earning more income.

WHEN CAN I FILE MY 2013 RETURN? The Canada Revenue Agency begins accepting returns electronically starting Feb. 10, 2014 when the Netfile system opens. We always recommend that you wait until all your slips and receipts arrive before you file your return.

If you bought your first home in 2013, you can claim the $5,000 Home Buyers’ Amount that brings about $750 in tax savings

086 NEW CONDO GUIDE MARCH 1 - 15, 2014

If you are a U.S. citizen, the IRS expects you to file a Form 1040 and FBAR every year if you meet the requirements

MY FATHER GAVE ME $6,000 TO HELP WITH BILLS. DO I NEED TO REPORT IT ON MY TAX RETURN? Gifts are not taxable and do not need to be reported on your tax return. However, if you deposit the gift into a savings account or investment, the income earned by the money would be reported on your tax return.

IF I MOVED FROM B.C. TO SASKATCHEWAN IN DECEMBER, CAN I STILL FILE A B.C. RETURN? Your province of residence is determined on December 31 of the tax year. So if you are living in Saskatchewan at the end of the year, you need to file a SK return.

I WORKED ON CONTRACT THIS SUMMER. HOW DO I REPORT THE INCOME? You are considered self-employed for tax purposes so you will need to complete a T2125 Form as part of your personal tax return. You will be able to report your business income as well as reasonable expenses you incurred to earn your income. Remember, you have to pay both the employer and employee portions of the Canada Pension Plan (CPP). However, you can claim a non-refundable tax credit for the employee portion and a deduction for the employer portion.

DO I HAVE TO CLAIM COMMON-LAW IF WE KEEP OUR FINANCES SEPARATE? Once you live together for 12 continuous months, you are considered common-law for tax purposes and you need to report it correctly on your tax return. It does not matter how you structure your finances.

HOW DO I CLAIM STOCK THAT HAS LOST ITS VALUE? Unless you have sold the stock and realized the loss or the stock is no longer listed, you cannot claim a stock value drop. If you have sold your stock, you need to

report your capital loss on a Schedule 3. Capital losses can only be used to reduce capital gains.

I WAS BORN IN THE U.S. BUT I BECAME A CANADIAN CITIZEN 20 YEARS AGO. DO I NEED TO FILE A U.S. TAX RETURN? Unless you went to a U.S. embassy and officially renounced your citizenship, you are considered a dual citizen no matter how long you have lived outside of the U.S. If you are a U.S. citizen, the IRS expects you to file a Form 1040 and FBAR every year if you meet the requirements.

Gifts are not taxable and do not need to be reported on your tax return. However, if you deposit the gift into a savings account or investment, the income earned by the money would be reported on your tax return.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 087

HOMEBUYERSâ&#x20AC;&#x2122; HELP

CONDO HUNTERâ&#x20AC;&#x2122;S CHECKLIST

When shopping for your dream condo, carry this list with you and take notes to help you remember what you saw, and where! CONDO #1

CONDO #2

CONDO #3

CONDO #4

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

SQ. Footage:

# of bedrooms:

# of bathrooms:

Interior appliances:

Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:

Financing available:

Other comments:

088 NEW CONDO GUIDE MARCH 1 - 15, 2014

DESIGNER ADVICE

LIGHTEN UP with perfect pillows & throws

WHEN THE SEASONS START TO CHANGE, you

may find yourself craving a new look indoors as well. Rather than undertaking a complete overhaul, you can refresh your family room or living area the easy way: with a suite of sofa accessories. Whether you’re the type to pick one design style and stick to it or change your mind all the time, you can find a perfect pillow-and-throw combination for your personality from my guide here:

// BY YANIC SIMARD

1. The Chameleon If you love to change your

Urb

West Elm

090 NEW CONDO GUIDE MARCH 1 - 15, 2014

Bar

look every season, take the opportunity to warm up your home environment early with a cable knit blanket, and printed pillows that make you think of the outdoors without having to go outside. Also grab a storage ottoman, and you’ll have ample space to keep these items stashed in the sunnier months (and store your summer look until warm weather returns). GET THE LOOK Tallulah Throw in Grey, Weathered Wood Toss Cushion, Bird Forest Toss Cushion, Owl on Branch Toss Cushion, Prima Leather Ottoman in white (Urban Barn).

2. The Indecisive If you can’t settle on just one or two colours (even per season), you don’t have to. Choose items that feature blocks of multiple colours in coordinating tones, and they will still feel related even if you choose every hue in the rainbow. For example, choose all pastels, or all mid-tones. Make sure to still break up the scheme with some neutrals to avoid total overload. GET THE LOOK Steven Alan Abstract Crewel Pillow Covers, Hand-Loomed Silk Throw (West Elm).

IKEA

Indigo

3. The Glamorous Creating a look that

says luxe is all about texture – adding a rich feel to the touch will add a rich look the eye. Try layering a sheepskin like a throw on a corner of the sofa, and contrast it with sequined pillows, mixing rugged and delicate fabrics with some sparkle for a Hollywood glam appeal. GET THE LOOK Rens Sheepskin (IKEA), Luxe Sequin Pillow (Indigo).

U rb a n

B a rn

4. The Classic The high contrast look of

black and white is a striking classic. To keep it sophisticated, mix different patterns featuring both tones to soften the scheme (such as stripes, chevrons, and other geometrics), and have some favourite photos printed in grayscale and hung in simple frames for timeless elegance. GET THE LOOK Lappljung Ruta Cushion Cover, Stockholm Cushion Cover in Black/White, Eivor Throw (IKEA).

5. The Natural If you love nature but are scared away by the term “animal prints,” skip the cheetah spots and look to richly coloured butterflies, bugs, and peacock feathers for your inspiration. Magnified prints will read as a more subtle nod to the environment while adding jewel toned decadence. Use a faux fur throw as a neutral backdrop with depth that you can really sink your claws into! GET THE LOOK Peacock Silk Pillow Cover, Butterfly Dream Silk Pillow Cover, Shadow Butterfly Silk Pillow Cover (West Elm), Llama Faux Fur Throw (Urban Barn).

MARCH 1 - 15, 2014 NEW CONDO GUIDE 091

Hu ds on ’s Ba o yC mp an y Wes t El m

6. The Bold The primary-colour stripes of an iconic Hudson’s Bay blanket feel classic yet modern, and utterly sophisticated; spread it out unfolded for maximum effect (over the full seat or even the entire sofa) and add an equally legendary Union Jack pillow for unapologetic personality. GET THE LOOK Multi-stripe Point Blanket and Union Jack Pillow (Hudson’s Bay Company).

8. The Meditator Reduce your stress by choosing one soothing colour to stick with, like a pastel aqua shade, and mix different textures and subtle patterns for a feeling of restfulness. Choosing multiple pillows in the same size and shape also makes for easy mixing and matching – 18- to 20-in. squares are fairly common and can be combined over time from different stores. GET THE LOOK Chevron Crewel Pillow Cover, Embroidered Starburst Pillow Cover, Favourite Throw in Sky, Jacquard Leaf Silk Pillow Cover.

7. The Demure For a subdued appeal,

combine a throw in soft pink tones (IKEA) and textural faux shearing pillows (Urban Barn) for a look that reads as sweet without overloading your taste buds. The taupe shade of this shearing especially makes a perfect counterpoint for the pink, creating a more demure pairing than a stark white. GET THE LOOK: Hermine Blanket (IKEA), Mongolian Toss Cushion in Beige (Urban Barn).

YANIC SIMARD is the design editor of New Condo Guide and principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Yanic often applies his signature high/low and old/new combination design techniques in developing unique interiors. Yanic has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca. 092 NEW CONDO GUIDE MARCH 1 - 15, 2014

GTA Edition March 1 - 15, 2014

Your complete source for condos, lofts and townhomes in Toronto

IN THIS SECTION Maps and listings for new condo communities in the 416 region Builder news and the latest in condos in the 416

CONDO WATCH

Brownstones at Westown by Lindvest

Discover tremendous value at Weston Road and Sheppard Avenue West. Visit online and register for community updates. Web: Lindvest.com

416

Builders: If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@wall2wallmedia.com

previews & registrations 87 Peter by Menkes

Coming soon: great location, stylish design, superb amenities in the heart of the city. Register now. Web: Menkes.com

The Cumberland by Camrost Felcorp

1 Yorkville by Bazis/Plaza

Coming soon to Toronto’s lap of luxury. Register online to stay informed. Web: 1Yorkville.ca

Casa III by Cresford

A new fashion icon is rising in the heart of Yorkville. Lobby to be furnished with Hermés. Register now. Web: CasaCondominium.com

Riva del Lago by Monarch

new releases & grand openings

Twenty Lombard by Great Gulf

SQ at Alexandra Park by Tridel

Intriguing, innovative, smart condos at Queen and University. Register for info. Web: SmartHouseToronto.com

Boutique living starts on the 34th floor at Yonge + Rich, with 150 private residences coming soon. Register now. Web: YongeAndRich.com

Now open: a dramatic new condo in this master-planned community at Spadina and Queen. Web: Tridel.com

HighPark Condominiums by The Daniels Corp.

The Britt Condos by Lanterra

Condos now on sale, where modern urban meets Mother Nature. Register today. Web: DanielsHighPark.com

New release of The Upper Suites. See The Britt from a different point of view! Web: TheBrittCondos.com

Ten93 by Pemberton Group

Chaz.Yorkville by 45 Charles Ltd. & Edenshaw Homes

An eclectic fusion of fashion, art, culture, creativity and style is coming soon to Queen West and Dovercourt. Register for information. Web: Ten93QueenWest.com

New release of spectacular penthouses is coming soon to this premier Yorkville neighbourhood. Register now. Web: ChazYorkville.com

One Park Place, South Tower by The Daniels Corp.

The HUB by Empire Communities

Now on sale, the “one” place to be in downtown east. Coming soon on Sumach south of Dundas. Register for information. Web: DanielsOneParkPlace.com

Palazzo at Treviso III by Lanterra Developments

Coming this fall to Dufferin and Lawrence. Register now to stay informed. Web: TrevisoCondos.com

Minto Longbranch by MintoUrban Communities Inc.

Urban towns coming soon to the Long Branch neighbourhood. Register today. Web: MintoLongbranch.com

The Nest by Rockport

Landing soon in Hillcrest Village. Register today to stay informed. Web: TheNestCondos.com

Harmony Village by City Core Developments

Live in perfect harmony with comfort, convenience and culture, at Sheppard and Warden. Register today. Web: HarmonyVillage.ca

Biyu at Emerald City by ELAD Canada

New condo set to make some waves on the waterfront. Register to stay informed. Web: LanterraDevelopments.com

Coming soon, new condominiums at Emerald City, at Sheppard and Don Mills. Register now to stay informed. Web: BiyuCondos.com

Core Condos by CentreCourt Developments

Westinghouse Lofts by Easton’s Group/Remington

Coming soon in 2014 to the core of the city, near Church and Dundas. Register now. Web: CoreCondos.com 094

Smart House by Urban Capital/Malibu

Coming soon to King and Blue Jays Way. Register to stay up to date. Web: KingBlueCondos.com

Now open in this key Eg-West location. Get connected, live life on tomorrow’s fast lane. Web: EmpireTheHub.com

Dwell City Towns by Menkes

New townhome community now open in Etobicoke. Visit the presentation centre. Web: Menkes.com

101 Erskine by Tridel

The grand opening is now on! An urban oasis at Yonge and Eglinton. Web: Tridel.com/101erskine

The Epicurean by Monarch

Experience a slice of the finer things in life, now open in The Kingsway. Web: MonarchGroup.net

Water Tower by Empire Communities

Now open, a new urban waterscape offering inspired condo living in the award-winning Eau Du Soleil community. Web: EmpireWaterTower.com

Love Condominiums by Gemterra

Now open! Visit the new sales centre and designer-decorated model suite at Sheppard and Birchmount. Web: LoveCondominiums.com

88 Scott by Concert Real Estate Corp.

The Award Series has arrived! Limited collection of one-bedroom, one-bedroomplus-den and two-bedroom view homes. Web: 88Scott.com

MARCH 1 - 15, 2014 NEW CONDO GUIDE 095

IN THE NEWS

ME LIVING LAUNCHES GRAND OPENING

Scarborough celebrates Markham and Ellesmere’s exciting master-planned community

EXCITED FUTURE RESIDENTS, Howard NEIGHBOURS and media joined Rudolph, COO of the Lash Group team and Ward 38 Lash Group of Companies; Ward Councillor Glenn De Baeremaeker 38 Councillor recently for the Grand Opening Glenn De of ME Living Condominiums Baeremaeker; Larry Blankenstein, (Markham & Ellesmere), a highly president and anticipated master-planned Heather Hamilton, community to take shape marketing in Scarborough. manager, Lash Group of The well-established location is Companies

PICTURED FROM LEFT TO RIGHT:

incredibly convenient with highways 401 and DVP/404 close by. The Scarborough Town Centre with firstclass shopping and transit is just down the street. Lucky residents will have all manner of facilities and services at their doorstep. This meticulously designed new community encompasses condos, townhomes, shops and lots of wide-

096 NEW CONDO GUIDE MARCH 1 - 15, 2014

open greenspaces, all with a chic, contemporary vibe featuring the work of architects Turner Fleischer Architects and interior designers Tanner Hill & Associates. Residents will also enjoy a $1 million park that will include a splash pad for children. The first building is ME Living Condominiums, and it is clear from the reactions of the guests at the presentation centre that everyone appreciates ME. The incredible value of these new residences is simply amazing. Super-easy access to the LRT and subway means the whole city of Toronto is within easy travel distance. U of T and Centennial College campuses are also close by. Lifestyle-enhancing amenities include a billiard table-equipped sports lounge with bar and multiple plasma screens, Hollywood-style theatre, fitness centre complete with yoga studio, a spacious party room, guest suites, and a captivating oasis on the podium rooftop with an outdoor fireplace, comfortable seating areas perfect for lounging or tanning, and a sparkling swimming pool. An outdoor pond will turn into a skating area in cold, winter months. The grand opening celebrations offered guests an exceptional purchasing opportunity: special pricing starting at just $149,990 for a one-bedroom suite with a great balcony, with carrying costs totalling less than $893 – it’s nearly impossible to even rent a studio apartment in Toronto for that! Ask about limited-time grand opening pricing offered on a variety of exceptional suites. ME Living Condominiums by the Lash Group of Companies is at the forefront of a 21st-century renaissance, bringing new life to Toronto’s east end. To “meet” ME, visit the presentation centre at 1151 Markham Rd., open Monday to Thursday from noon to 6 p.m. or weekends from noon to 5 p.m. Visit online at meliving.ca, or call 416.430.0003. Two professionally decorated model suites are also on display.

Boutique Boutique condo condo

Party lounge

097

Winter 2014 edition free

home&condo tHe Guide to BuyinG and ManaGinG your first HoMe

Highrise or lowrise? Which option is best for you? your first MortGaGe

Demystifying this often intimiDating topic

THE GUIDE TO BUYING AND MANAGING YOUR FIRST HOME

spend vs. save tips to furnish every room in your first home

special edition

416.626.4889 098 NEW CONDO GUIDE MARCH 1 - 15, 2014

YFH Cover WINTER2014_FINAL.indd 1

15/01/14 15:34:32

099

MONEY MATTERS

// BY GAIL VAZ-OXLADE

HOW TO GET OUT OF DEBT Really? You don’t know how much you owe? You’re just lucky that you’re not in the room with me, ‘cos I’d give you a good smack! I assume, because you’re reading this, you’re interested in getting the monkey off your back. To do that, you have to do exactly as I say… 1 START BY GATHERING every last statement you have for your debt. You’ll

need your most recent statements to get a clear picture of what’s going on. If you’ve dumped them all, just wait ‘til your next statements arrive and collect them all in one place.

Gail Vaz-Oxlade is the host of Til Debt Do Us Part and author of Debt Free Forever, and she blogs daily at gailvazoxlade.com. Follow Gail on Twitter at Twitter.com/GailVazOxlade

2 LIST ALL the debt you have including: » credit cards » lines of credit » loans (for your wedding, furniture, whatever) » auto financing » student loans » buy-now-pay-later loans (even if » pay advances from your employer

they haven’t come due yet) »o utstanding bills (utilities, phone bills, cell phone,) » the tax man » spousal / child support in arrears » family loans » loans from friends » pay advance loans (from stores)

3 IDENTIFY WHAT you used the money for since you want to be able to

here are a lot of people walking around with the debt monkey on their backs. A lot of people. And some of them can’t understand how they got roped into carrying the little beastie around with them. All of them wish they could shake the bugger off. So, why don’t they? Answer seems easy enough, doesn’t it? Just pay off the debt. But wait. To do that, one would have to admit to having debt and there are people who haven’t yet ‘fessed up to how much they owe. Some even pull out the wide eyes and Betty-Boop lips as they announce, “I don’t know how much I owe.”

remember what you’re paying all that interest on. Hmmm, all those restaurant meals don’t look like such a good investment now, do they?

4 NOTE your current balance from your last statement. 5 NOTE the interest rate charged. 6 THE WORKSHEET available on my website will calculate approximately what

your payment will be if you decide to pay off your debt over one, two or three years and give you a monthly total. 7 DO NOT PLAN to take longer than three years to pay off your debt. There’s a

phenomenon called “debt fatigue” that sets in if you live with your debt for too long. Thirty-six months should be your maximum repayment time frame.

I assume, because you’re reading this, you’re interested in getting the monkey off your back. To do that, you have to do exactly as I say… CONTINUED ON PAGE 102…

100 NEW CONDO GUIDE MARCH 1 - 15, 2014

L I M I T E D T I M E O N LY

UP TO $5,000 CASH BACK • FREE PARKING AND LOCKER STORAGE 5% DEPOSIT • GRANITE COUNTERTOPS + LAMINATE FLOORING Ontario Home Builders’ Association Award Winner

THE MOST OUTSTANDING MID-RISE BUILDING IN 2012 Designed to be a hallmark building featuring timeless elements of traditional architecture combined with modern sensibilities of design and function, this exclusive community will be located just steps from Lake Ontario’s waterfront in the vibrant community of Long Branch. With easy access to public transit and several major highways, Watermark promises to be the perfect place to call home. N

Long Branch

Thirty Fifth St.

S TA R T I N G F R O M Lake Shore Blvd. W.

Kipling Ave.

Brown’s Line

1 Bedroom • 1 Bedroom + Den • 2 Bedroom • 2 Bedroom + Den – from 649 sq.ft. to 1,225 sq.ft.

$306,900

MOVE IN SPRING 2014

P R E S E N TAT I O N C E N T R E 3609 Lake Shore Blvd. W., Suite 104, Toronto, ON Monday to Thursday 1:00pm to 7:00pm Saturday, Sunday and Holidays 12:00pm to 5:00pm queenscorp.com

416.354.2221

Long Branch

Thirty Fifth St.

Kipling Ave.

Brown’s Line

Lake Shore Blvd. W.

All prices & specifications are subject to change without notice. E.&O.E. All Illustrations are artist’s concept only. Brokers Protected - some conditions apply.

101

MONEY MATTERS

CONTINUED…

8. IF RE-PAYMENT looks impossible, here are some steps to take: a. Get your interest rate down. With $5,000 on a credit card charging 25 per cent, it will cost you $521 a month to repay in one year. Get your interest down to 12 per cent using a consolidation loan and you’ll pay only $467 a month on that balance. Transfer your balance to your personal line of credit and pay just 6.5 per cent and it’ll only cost you $444 a month to pay off that $5,000 in one year. Better yet, transfer your balance to a credit card with an introductory interest rate of just 2.5 per cent and it’ll cost you $427 a month. There, you just saved $100 a month. b. Find a way to trim your budget so you can put more money towards your debt repayment. Use Gail’s Interactive Budget Worksheet to create a budget that will let you increase your debt repayment amount. Com’on now, you can trim another 10 per cent. You can do it! I know you can. c. Make more money. Yes, you may have to find a second job until you’ve made a dent in your debt. It’ll be worth it to get the monkey off your back, I promise. 9 THIS IS THE HARDEST PART: Tell someone what your

plan is. Better still tell two, five, 11 people. If you go public, the pressure will be on to stick with the plan.

102 NEW CONDO GUIDE MARCH 1 - 15, 2014

Find a way to trim your budget so you can put more money towards your debt repayment. Use Gail’s Interactive Budget Worksheet to create a budget that will let you increase your debt repayment amount. 10 FOR REINFORCEMENT, find (or

borrow, but don’t buy!) a backpack and fill it with the stuff you have charged but have not yet paid for: CDs, books, those snappy shoes, that new cell phone. The idea is to make the backpack heavy. For the first week, and every time you’re feeling weak and want to go shopping, hoist that sucker onto your back and take it with you. Sound hokey? Carry that monkey around for a few weeks and you’ll see how motivated you are to get that debt off your back. Congratulations! You’re making progress. I’m proud of you. Stick with it and before you know it, you’ll be debt free and light of step.

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the spirit of living

Prices, sizes and specifications are subject to change without notice. Map not to scale. Illustrations are artist’s concept. E.&O.E.

MARCH 1 - 15, 2014 NEW CONDO GUIDE 103

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torontoregionalmaps: Toronto, East York, York

104

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

# Builder 3 PINNACLE INTERNATIONAL 6 CRESFORD DEVELOPMENT CORP. 7 THE DANIELS CORPORATION 8 CRESFORD DEVELOPMENT CORP. 10 EMPIRE COMMUNITIES 15 TRIDEL CORPORATION 17 ROCKPORT GROUP 18 URBAN CAPITAL 23 TRIBUTE COMMUNITIES 25 TRIDEL CORPORATION 26 BAZIS INC. 28 EMPIRE COMMUNITIES 29 PINNACLE INTERNATIONAL 31 WORSLEY URBAN PARTNERS 35 MENKES DEVELOPMENTS INC. 36 NEUDORFER CORPORATION 37 CRESFORD DEVELOPMENT CORP. 38 EASTON’S GROUP 52 CRESFORD DEVELOPMENT CORP. 52 CRESFORD DEVELOPMENT CORP. 59 LINDVEST 120 THE DANIELS CORPORATION 124 PINNACLE INTERNATIONAL 140 EDEN SHAW 140 45 CHARLES LTD. 149 CAMROST - FELCORP 150 ASPEN RIDGE HOMES 155 LIFETIME DEVELOPMENTS 189 THE DANIELS CORPORATION 190 CRESFORD DEVELOPMENT CORP. 192 MINTOURBAN COMMUNITIES INC. 199 FIELDGATE HOMES 202 BAZIS INC. 202 RIO CAN 202 METROPIA 215 DUNDEE KILMER DEVELOPMENTS 218 MALIBU INVESTMENTS INC. 218 URBAN CAPITAL 222 LAMB DEVELOPMENT CORP. 1 GOLDMAN GROUP & LASH DEV. CORP. 1 GOLDMAN GROUP & LASH DEV. CORP. 2 GREAT GULF HOMES 3 CONCORD ADEX 3 CONCORD ADEX 3 CONCORD ADEX 3 CONCORD ADEX 3 CONCORD ADEX 4 GAIRLOCH INVESTMENTS 4 TRIDEL CORPORATION 5 ONNI GROUP OF COMPANIES 5 ONNI GROUP OF COMPANIES 7 THE DANIELS CORPORATION 8 CRESFORD DEVELOPMENT CORP. 8 CRESFORD DEVELOPMENT CORP. 9 ASPEN RIDGE HOMES 11 MENKES DEVELOPMENTS INC. 11 MENKES DEVELOPMENTS INC. 12 NORTH DRIVE INVESTMENT 13 STREETCAR DEVELOPMENT 14 CANALFA GROUP 16 FREED 18 URBAN CAPITAL 18 URBAN CAPITAL *TH: Townhomes, C: Condo

Site Telephone TH* C* Price Range Page Finder The Marquee Townhomes on thePark pinnacleuptown.com • from $720,000 61 20K Merton Yonge Condominiums 416-484-1900 • from $350,000 128 & IBC 14E The Parkside Collection 416-351-1844 • from $700,000 15 8L NXT 416-977-5300 • • from $350,000 IBC 8N The HUB 416-784-3482 • from $250,000 6 9F 101 Erskine 416-480-0700 • from $286,000 IFC 14D The Nest 416-223-0003 • from $250,000 67 11H RC 3 416-862-0505 • • from $250,000 55 18L The College 416-363-4800 • from $320,000 47 M14 Spadina Queen 416-661-1949 • from $350,000 IFC 15D One Yorkville 1yorkville.ca • 5 15I Water Tower at Eau Du Soleil 416-503-3328 • from $320,000 7 25B 33 Bay Residences at Pinnacle Centre 416-925-3325 • from $375,000 60 17M Totem Condominium 416-792-1877 • from $250,000 59 15H 87 Peter menkes.com • Insert 15M Fuse Condos 416-534-4444 from $220,000 83 9K Lofts 399 416-867-3999 • from $590,000 IBC 14L Dundas Square Gardens 416-645-8575 • from $200,000 73 17K CASA 2 416-977-1100 • from $290,000 IBC 15L CASA III 416-486-2272 • from $250,000 IBC 15L B Streets 416-532-6636 from $369,000 101 13J One Park Place Condominiums 416-955-0559 • from $200,000 29 18J The Pinnacle on Adelaide 416-596-1600 • from $350,000 61 15M Chaz Yorkville Condos 416-922-0045 • from $320,000 31 16J Chaz Yorkville Condos 416-922-0045 • from $320,000 31 16J Imperial Plaza 416-925-2501 • from $986,000 3 15I Studio on Richmond 647-352-7736 • from $300,000 49 15M The Bond Condominiums 416-546-7525 • • 27 15G Cinema Tower Condominiums 416-203-2020 • from $450,000 Insert 14M 1000 Bay 416-485-3000 • from $390,000 IBC 15J 30 Roe 416-915-3812 • from $350,000 81 14D 90 Niagara 90niagara.com from $350,000 53 14O E Condos 416-243-8688 • from $300,000 19 14E E Condos 416-243-8688 • from $300,000 19 14E E Condos 416-243-8688 • from $300,000 19 14E Canary District Condominiums 416-603-7576 • from $250,000 45 18L Smart House 416-292-0219 • from $230,000 51 15L Smart House 416-292-0219 • from $230,000 51 15L The Harlowe 416-363-1771 • from $260,000 79 15M 530 St. Clair Ave. West 416-868-0500 • from $344,000 12H the rushton rushtonliving.com • from $344,000 12H Yonge+Richmond 416-499-8883 • from $278,000 16K Grand Parade 2 at Concord CityPlace 416-813-2999 • 15M ParadeTWO Park Collection at Concord CityPlace 416-813-2999 • from $308,000 15M Quartz 416-813-2999 • • 15M Spectra 2 416-813-2999 • • 15N Grand Parade 2 at Concord CityPlace 416-813-2999 • 15M 383 Sorauren 383sorauren.com 9L Aqualina at Bayside 416-514-2710 • from $350,000 16E Garrison at the Yards 416-260-2600 • from $190,000 14N West Lake 416-260-2600 • from $240,000 14N High Park Condominiums 416-351-1844 • from $300,000 8L NXT 2 416-977-5300 • • from $300,000 8N NXT2/Phase Two 416-977-5300 • • from $210,000 8N VU 416-970-9500 • • from $370,000 16L Pears on the Avenue 416-323-0100 • from $382,000 14I 365 Church 416-591-7700 • from $250,000 14I The High Park 416-670-3699 • from $300,000 8L Trinity Lofts 416-690-2988 • from $330,000 19L Liberty Place 416-537-0047 • • from $170,000 12N 155 REDPATH 416-996-5428 • from $210,000 14D River City 416-862-0505 • • from $250,000 18L River City 2 416-862-0505 • • from $250,000 18L

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554

Builder

*TH: Townhomes, C: Condo

Site

Telephone

TH* C*

Price Range

Page

Finder

The Glen 416-694-3333 • from $255,000 23H Fabrik 416-591-7700 • from $250,000 14M 2221 Yonge 647-350-2221 • from $200,000 14E King Blue Condominiums 416-599-1355 • from $200,000 12N King Blue Condominiums 416-599-1355 • from $200,000 12N Westinghouse Lofts 416-599-1355 • from $200,000 12N Westinghouse Lofts 416-599-1355 • from $200,000 12N Picasso on Richmond 416-495-3549 • 14M Ten York 416-596-9888 • from $1020,000 12F Axiom Condominiums 647-352-4077 • from $225,000 17L No1 Yorkville 1yorkville.ca • 15I One Park Place South Tower 416-955-0559 • from $200,000 18K Success Tower at Pinnacle Centre 416-360-0673 • from $750,000 17M Churchill Park Condominiums 416-966-9080 • from $900,000 13H The Madison 416-482-8090 • from $420,000 14E Riverside Towns 416-368-5262 • from $460,000 19L Core Condos 416-598-2673 • from $220,000 16L Infinity The Final Phase 416-214-1988 • from $300,000 16M Milan 416-928-7409 • from $520,000 15I The 500 Condos + Lofts 416-960-0606 • from $400,000 17I King West 416-367-5464 • from $210,000 14M 775 King West 416-367-5464 • from $330,000 14M 3018 Yonge In Lawrence Park 416-787-8882 • from $390,000 14B Monde 416-466-8885 • from $340,000 17M Liberty Central by the Lake 416-537-0047 • • 12N The Uptown Residences 416-987-3500 • from $950,000 16J The Brant Park 416-368-5262 • from $262,000 14M Foundry Lofts 416-531-7760 from $399,000 9I The Brownstones 5 416-531-7760 • from $350,000 9I Brownstones 416-531-7760 • from $305,000 9I The Upper Canada Condominium 416-489-5194 • from $1800,000 14G The Upper Canada Condominiums 416-489-5194 • from $1.8,000 14G Schoolhouse 416-979-1333 • from $595,000 13I Flatiron Lofts 416-368-5262 from $243,000 20J 300 Front Street West 416-217-0300 • from $324,000 15M One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 13M One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 13M Pier 27 Waterlink 416-367-3456 • from $800,000 17N Condos at The Distillery 416-361-1322 • from $400,000 18L One Bloor Residences 416-922-0081 • from $550,000 15I The King East 416-368-5262 • from $435,000 18L East Condos & Lofts 416-368-5262 • from $310,000 18L King West 647-341-1731 • from $346,000 13N Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 15I Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 15I Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 14J Market Wharf 416-861-8181 • from $260,000 17M Library District Condominiums 416-861-8181 • from $222,000 17M Brownstones in Davenport Village 416-531-7760 from $245,000 9J Brownstones on the Park 416-531-7760 • from $260,000 9J Charlie 416-927-9772 • from $251,000 14M Ivory On Adelaide 647-341-1731 • from $279,000 17L Exhibit 416-967-7778 • 14I Exhibit 416-967-7778 • 14I Exhibit 416-967-7778 • 14I U Condominiums 416-546-6605 • from $2500,000 15K One Park West 416-955-0559 • from $406,000 18J Festival Tower 416-203-2020 • from $350,000 M14 X2 416-927-0080 • from $303,000 16J X2 416-927-0080 • from $303,000 16J Bisha Hotel & Residences 416-637-2211 • from $274,000 16M 88 Scott 416-216-8588 • 17M Art Condos 416-535-7775 • from $530,000 12N Riverhouse at the Old Mill 416-766-7343 • from $520,000 5L Two Old Mill 416-645-7022 • from $356,000 5L Old Mill 416-645-7022 • from $450,000 5L RCM I on University 647-351-9247 • from $393,000 14M Queen & Portland 416-363-4800 • from $315,000 15I 5 St. Joseph 416-928-0555 • • from $250,000 16J 5 St. Joseph 416-928-0555 • • from $250,000 16J DNA 3 416-929-1030 • from $220,000 12N Post House Condominium 416-964-2777 • from $350,000 16L 12 Degrees 416-408-1200 • from $350,000 15L The Berwick 416-922-9425 from $280,000 14D The Mercer 416-597-6940 • from $350,000 15M Backstage on the Esplanade 416-777-2533 17M Backstage on the Esplanade 416-777-2533 17M Vero 416-798-7070 from $250,000 17M Tableau Condominiums 416-591-8887 • • from $450,000 15L Tableau Condominiums 416-591-8887 • • from $350,000 15L Tableau Condominiums 416-591-8887 • • from $350,000 15L Carmelina 416-423-8500 • from $325,000 23J The Yorkville Condominiums 416-987-3344 • • from $550,000 15G L Tower 416-777-2533 • from $410,000 17L Perspective Condos 416-242-3500 from $280,000 4H thirtytwo Camden 416-860-0060 • from $240,000 14L 8 Gladstone 416-690-9009 • from $335,000 M12 Yorkville Plaza 416-966-3003 • • from $350,000 14H 133 Hazelton Residence 416-926-9900 • 14I 210 Simcoe 416-217-0210 • from $200,000 15M Five Condos 416-928-0555 • • from $375,000 15J Five Condos 416-928-0555 • • from $375,000 15J Rise 416-546-7399 • • from $290,000 12H Model Suite of the Month • 12H Neon 416-987-7878 • from $470,000 14D The Carlaw 416-690-8588 • from $200,000 19K Allure Condominiums 416-487-7600 • from $350,000 14F FAD Condos 416-815-1818 • from $250,000 14M South Hill on Madison southhillonmadison.com • from $200,000 13I INDX 416-987-4639 • 16M INDX 416-987-4639 • 16M The Carnaby 416-690-9009 • from $250,000 12M Noir 416-977-8780 • from $250,000 15M SIXTY Colborne 416-601-0060 • from $300,000 16L SIXTY Colborne 416-598-7775 • from $300,000 16L Upper Beach Townes • 24G The Massey Tower 416-966-0197 • • from $320,000 16L 109OZ 416-531-4844 • from $300,000 12M The Sterling 416-777-2533 • • from $230,000 9L Wallace Walk 416-531-1818 • from $210,000 9L TEN93 Queen West 905-326-4100 • from $280,000 12F TEN93 Queen West 905-326-4100 • from $280,000 12F Duke Condos junctionlife.ca 8K King Charlotte 416-368-5262 • from $416,000 15M Theatre Park 416-368-5262 • from $537,000 16M Thompson Residences 416-360-0600 • from $280,000 The Perry 416-926-7555 • from $390,000 Harbour Plaza menkes.com •

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

torontoregionalmaps: Toronto, East York, York

19 KINGSTONE ROAD DEVELOPMENT 20 MENKES DEVELOPMENTS INC. 20 TOWER HILL DEVELOPMENT CORPORATION 21 EASTON’S GROUP 21 REMINGTON GROUP 21 EASTON’S GROUP 21 REMINGTON GROUP 22 MONARCH CORPORATION 22 TRIDEL CORPORATION 24 GREENPARK HOMES 26 BAZIS INC. 27 THE DANIELS CORPORATION 29 PINNACLE INTERNATIONAL 30 TOWER HILL DEVELOPMENT CORPORATION 32 MADISON HOMES 33 LAMB DEVELOPMENT CORP. 34 CENTRE COURT DEVELOPMENT 41 CONCORD ADEX 46 CONSERVATORY GROUP 54 TIMES DEVELOPMENTS INC. 55 MINTOURBAN COMMUNITIES INC. 55 MINTOURBAN COMMUNITIES INC. 57 LANTERRA DEVELOPMENTS 58 GREAT GULF HOMES 60 CANALFA GROUP 62 PEMBERTON GROUP 64 LAMB DEVELOPMENT CORP. 66 E-PARK DEVELOPMENT 66 EMSATEC CANADA INC 66 NEUDORFER CORPORATION 70 MADISON HOMES 70 STATE BUILDING GROUP 78 EMPIRE COMMUNITIES 81 LAMB DEVELOPMENT CORP. 83 TRIDEL CORPORATION 85 HARHAY DEVELOPMENTS 85 CARTTERA 88 FERNBROOK HOMES/CITYZEN DEV. 94 DHD DEVELOPMENTS 99 GREAT GULF HOMES 101 LAMB DEVELOPMENT CORP. 101 HARHAY DEVELOPMENTS 102 PLAZA 103 MENKES DEVELOPMENTS INC. 103 LIFETIME DEVELOPMENTS 104 ASPEN RIDGE HOMES 106 CONTEXT DEVELOPMENT INC. 106 CONTEXT DEVELOPMENT INC. 109 THE BROWNSTONE GROUP OF COMPANIES 109 THE BROWNSTONE GROUP OF COMPANIES 110 GREAT GULF HOMES 114 PLAZA 117 BAZIS INC. 117 METROPIA 117 PLAZA 118 PEMBERTON GROUP 120 THE DANIELS CORPORATION 122 THE DANIELS CORPORATION 126 GREAT GULF HOMES 126 LIFETIME DEVELOPMENTS 128 LIFETIME DEVELOPMENTS 129 CONCERT PROPERTIES 130 TRIANGLE WEST DEVELOPMENT 131 LANTERRA DEVELOPMENTS 131 TRIDEL CORPORATION 131 TRIDEL CORPORATION 133 TRIBUTE COMMUNITIES 134 TRIBUTE COMMUNITIES 135 GRAYWOOD DEVELOPMENTS 135 MOD DEVELOPMENTS INC. 136 CANDEREL/STONERIDGE 137 ALTERRA HOMES/FINER SPACE 141 BSAR LTD 142 ANDRIN HOMES 148 GRAYWOOD/BEAVERHALL DEVELOPMENT 151 CITYZEN 151 FERNBROOK HOMES 151 FERNBROOK HOMES 153 URBAN CAPITAL 153 MALIBU INVESTMENTS INC. 153 ALIT DEVELOPMENTS 154 TRE MEMOVIA DEVELOPMENTS 155 LIFETIME DEVELOPMENTS 157 CASTLEPOINT/CITYZEN/FERNBROOK 162 PIANOSI DEVELOPMENTS 165 SORBARA GROUP 170 STREETCAR DEVELOPMENT 171 CAMROST - FELCORP 173 MIZRAHI | KHALILI DEVELOPMENTS 175 SORBARA GROUP 179 GRAYWOOD DEVELOPMENTS 179 MOD DEVELOPMENTS INC. 184 RESERVE PROPERTIES 184 RESERVE PROPERTIES 185 PEMBERTON GROUP 186 STREETCAR DEVELOPMENT 188 GREENPARK HOMES 191 TRI-WIN DEVELOPMENTS INC 193 BURNAC CORPORATION 195 LIFETIME DEVELOPMENTS 195 CENTRE COURT DEVELOPMENT 197 STREETCAR DEVELOPMENT 198 MENKES DEVELOPMENTS INC. 200 FREED 200 CARTTERA 201 SOLOTEX 206 MOD DEVELOPMENTS INC. 207 RESERVE PROPERTIES 210 CASTLEPOINT/NUMA 217 TORBEL GROUP 217 PEMBERTON GROUP 217 BAYWOOD HOMES 219 TAS DESIGNBUILD 220 LAMB DEVELOPMENT CORP. 221 LAMB DEVELOPMENT CORP. FREED MANSOURI LIVING MENKES DEVELOPMENTS INC.

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554

105

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

101

Steeles Ave

121

21 22 23 24 25 26

North York C 5

400

124

40 8 2 50

135

128

7 5

401

124

96 28

123 21

401

E 3

122

130

125

132 25

torontoregionalmaps: North York

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

106

Builder

1 5

CONCORD ADEX LINDVEST

Opus Grand Cornell Brownstones in Markham

7 96 121 123 124 128 2 3 4 4 6 6 6 6 8 14 15 21 28 33 37 40 50 50 86 94 95 96 96 99 101 122 122 122 125 128 130 132

FARM BUILDING GROUP ELAD CANADA LIBERTY DEVELOPMENT CORP. BRANDY LANE HOMES TRIDEL CORPORATION THE DANIELS CORPORATION TORBEL GROUP YYZED PROJECT MANAGEMENT TRIDEL CORPORATION TRIDEL CORPORATION LINDVEST CONCORD ADEX CONCORD ADEX CONCORD ADEX CONCORD ADEX CONSERVATORY GROUP TORBEL GROUP EMERY CONDOMINIUMS TRIDEL CORPORATION TRIDEL CORPORATION CASTLE ROYALE DEVELOPMENT NORSTAR GROUP OF COMPANIES MENKES DEVELOPMENTS INC. MINTOURBAN COMMUNITIES INC. DEVRON DEVELOPMENTS CANDEREL/STONERIDGE DHD DEVELOPMENTS ASPEN RIDGE HOMES ELAD CANADA ELAD CANADA THE BROWN GROUP OF COMPANIES KANTIUM DEVELOPMENT LANTERRA DEVELOPMENTS LANTERRA DEVELOPMENTS LANTERRA DEVELOPMENTS FRAM BUILDING GROUP THE DANIELS CORPORATION TRIBUTE COMMUNITIES FRAM BUILDING GROUP/CADILLAC FAIRVIEW

Soul mysoulcondos.ca 103 25C Emerald City Condominiums 416-492-0001 • from $256,000 85 24C World on Yonge 905-771-7010 • from $284,000 35 A18 The Station 416-398-9777 • from $420,000 71 12D Trio at Atria 416-645-8866 from $255,000 IFC 24C NY2 416-221-3939 from $250,000 39 19C The Avanti Condominiums 416-636-0400 from $390,000 17C VISTO vistocondos.ca from $220,000 8E Hullmark Centre 416-733-2883 • from $524,000 18D Aristo at Avonshire 416-730-0300 • from $383,000 18D The Brownstones at Westown lindvest.com from $330,000 4C Tango at Concord Park Place 416-813-2999 • • from $236,000 22C Discovery at Concord Park Place 416-813-2999 • 22C Discovery II at Concord Park Place 416-813-2999 • • from $210,000 22C Tango2 at Concord Park Place 416-813-2999 • from $265,000 22C Pearl 2 Condominiums 416-512-1818 • 17C Diva DivaCondo.com from $250,000 11C The Essential 905-887-4888 • from $250,000 20E Argento 416-663-1818 • from $562,000 22E Alto at Atria 416-645-8866 • from $288,000 25D The Palm Condominium Residences 416-306-1000 • from $400,000 17B Portrait Condominiums 416-282-9600 • from $300,000 13C Gibson Square 416-730-9722 • from $385,000 17C 88 416-915-3805 • from $325,000 18C Flo Condominiums 647-799-0356 • from $250,000 18C Aura At College Park 416-962-8688 • from $995,000 16K Gooderham 416-361-1322 • from $410,000 18L Scenic on Eglinton 416-805-1781 • 23G Dreamtower At Emerald City 416-492-0001 • from $248,000 24C Biyu Emerald City biyucondos.com • from $250,000 24C Willow Park at Bayview 416-221-6767 • from $400,000 21 Posh Condominiums 905-771-0134 • from $544,000 16A Treviso Condominiums 416-787-8882 • from $250,000 12F Treviso II 416-787-8882 • from $250,000 12F Treviso III 416-787-8882 • from $250,000 12F LIV Lofts 416-445-5638 • from $250,000 22F NY Place 416-221-3939 • from $250,000 19C Canterbury 647-352-2130 • • from $700,000 19F Flaire Condos 416-445-8868 • from $320,000 22F

*TH: Townhomes, C: Condo

Site

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

Telephone

TH* C*

Price Range

Page

416-813-2999 • • 40-41 lindvest.com from $350,000 99

Finder 22C 4C

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Av e

Rathburn Rd

Bloor St W

Q ueensw ay

Park Law n

50 14 51 34 3 35

RoyalYork Rd

D undas St W

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

Rd lett Scar

Da nf or th

Islington Ave

Scarborough

*TH: Townhomes, C: Condo

Kipling Ave

11 53 3 56 39 4 37 6 33

G ardiner Expressw ay Evans Ave

H orner Ave

Lakeshore Blvd W

Site Telephone TH* C* Price Range Page Finder Westhaven 416-792-6655 • from $633,000 89 23G The Epicurean 416-495-3530 • from $250,000 17 23F Riva del Lago 416-495-3544 • from $350,000 Insert 24C Watermark 416-354-2221 • from $307,000 95 19D Terrace on Danforth 416-987-7575 • from $235,000 35 2F Harmony Village Sheppard 416-493-0123 from $176,000 75 2C West Village 416-620-1887 • from $290,000 IFC & BC 21F Three Seven Condos & Lofts esquirehomes.ca • from $210,000 11D Atwater Condos 905-271-5038 • from $280,000 12B Centro 416-296-1898 • from $185,000 6D On The Go Mimico 647-692-8417 • from $250,000 23C On The Go 647-692-8417 • from $250,000 23C Nautilus at Waterview 416-203-6636 • from $400,000 25H Altitude 416-321-1659 • from $230,000 25H One Sherway Condominiums 416-695-3535 • 16G One Sherway Condominiums 416-695-3535 • 16G Palais at Port Royal Place 416-239-8200 • from $260,000 23F Cloud 9 Condominiums 416-747-0199 • from $220,000 22B Cloud 9 Condominiums 416-800-0812 • from $240,000 22B ilofts at Mystic Pointe 416-251-8888 • from $310,000 25G California Condos 416-251-8888 • from $242,000 25G Ocean Club 416-255-4663 • from $250,000 24C Lago 416-495-3544 • from $200,000 24C Eleven Superior 416-259-8882 • from $220,000 23C Encore 416-495-3544 • 5D Beyond The Sea Star Tower Condominiums 416-979-1333 • • from $400,000 24H Evolution 416-747-9691 • from $250,000 22G Parc Nuvo at Essex 416-231-0999 • from $456,000 22G South Beach 416-252-3000 from $209,000 25H Waterscapes 416-495-3544 • 26H Ventus at Metro Gate 416-293-5535 • from $314,000 4C One Valhalla 416-233-5554 • from $239,000 21F Park Towers at IQ 416-253-5838 • from $220,000 22G Vivid Condos 416-239-8200 • from $250,000 23F Westwood Condominiums 416-239-9888 • from $250,000 23F Avani At Metrogate 416-293-5535 • from $240,000 4C Jade Condominiums 416-762-8818 • from $293,000 24G Nature’s Path 416-745-6686 • • from $270,000 11E 2150 Condos 416-750-2150 • 3E Haven On The Bluffs 416-2611-9555 • from $160,000 3E Lexington 416-638-8444 • from $240,000 21C South Shore 416-913-2136 • from $350,000 22H Qube Condos 647-351-7823 • from $200,000 24G Me Condos 416-430-0003 • from $150,000 8D

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

torontoregionalmaps: Scarborough, Etobicoke

Builder TIFFANY PARK HOMES MONARCH CORPORATION MONARCH CORPORATION QUEENSCORP RESIDENCES LIBERTY DEVELOPMENT CORP. CITY CORE TRIDEL CORPORATION ESQUIRE HOMES WINDCATCHER DEVELOPMENT CORPORATION HENDERSON DEVELOPMENT LIMITED STANTON RENAISSANCE STANTON RENAISSANCE MONARCH CORPORATION CONSERVATORY GROUP GREAT GULF HOMES MENKES DEVELOPMENTS INC. PEMBERTON GROUP LASH GROUP OF COMPANIES CARTTERA CAMROST - FELCORP CAMROST - FELCORP GRAYWOOD/BEAVERHALL DEVELOPMENT MONARCH CORPORATION DAVIES SMITH MONARCH CORPORATION EMPIRE COMMUNITIES AVERTON HOMES TRIDEL CORPORATION AMEXON DEVELOPMENT CORPORATION MONARCH CORPORATION TRIDEL CORPORATION EDILCAN DEVELOPMENT CORP. REMINGTON GROUP PEMBERTON GROUP ALTERRA HOMES/FINER SPACE TRIDEL CORPORATION PHANTOM DEVELOPMENTS YOUR HOME DEVELOPMENTS VHL DEVELOPMENTS LTD. VHL DEVELOPMENTS LTD. ROYALE GRAND WOODBINE DEVELOPMENTS MINTOURBAN COMMUNITIES INC. FIRST AVENUE PROPERTIES LASH GROUP OF COMPANIES

Etobicoke

Q EW

# 3 5 18 25 28 38 44 1 1 2 2 2 4 6 7 7 8 10 10 11 11 15 18 20 29 33 34 35 37 39 42 45 46 50 51 55 56 60 61 61 62 65 70 71

M artin G rove Rd

409

d llR Mi

lva

1 40 D ixon Rd

W estw ay

Ranforth D r

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Bl vd

Re xd al e

401

Centennial

Manse Rd

n sto 1

427

Galloway Rd

St. Clair Ave 1

Orton Park Rd

Markham Rd

McCowan Rd

Bellamy Rd

Lawrence Ave E

Scarborough Golf Rd

n Dr

orto

East Ave Port Union Rd

* Due to scale restrictions, locators are d approximate. Please see builder’s ads n R for sto exact locations. ng

Victoria Park

Progress Ave

Brim

Eglinton Ave E

Finch Ave W

Sheppard Ave E

Morrish Rd

Brimley Rd

Warden Ave

Pharmacy Rd

Birchmount Rd

Kennedy Rd

Ellesmere Rd

401 Midland Ave

55 401 31

Milner Ave

Al bio

H um berline D r

Beare Rd

Sheppard Ave E

Conlins Rd

Ave

Morningside Ave

evin

McL

Passmore Ave

Meadowvale Rd

Huntingwood Dr

Reesor Rd

Finch Ave E

Sewells Rd

Neilson Rd

McNicoll Ave

Tapscott Rd

McCowan Rd

21 22 23 24 25 26

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554

107

d Dr Lair

21 22 23 24 25 26

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Ave

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QEW

16 17 shore Lake W Blvd

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

21 4 12 18ay 9 29 ssw xpre er E

din

Gar

Toronto Waterfront

waterfrontmaps: TORONTO

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

108

Builder

PEMBERTON GROUP

Park Lake Residences

Site

416-769-4343

Telephone

TH* C*

Price Range

Page

CONCORD ADEX

Grand Parade 2 at Concord CityPlace

416-813-0999 • 15M

CONCORD ADEX

Quartz

416-813-0999

• • from $250,000

Finder 3F

• • 15M

CONCORD ADEX

ParadeTWO Park Collection at Concord CityPlace

416-813-0999

• from $308,000

15M

MONARCH CORPORATION

Nautilus at Waterview -

416-203-6636

• from $400,000

25H

TRIDEL CORPORATION

Aqualina at Bayside Toronto

416-514-2710

•

16E

PLAZACORP/BERKLEY COMMUNITY

West Harbour City

westharbourcity.com

• from $327,000

13E

LIFETIME HOMES

Waterparkcity – Neptune

416-203-3700

•

13f

CONCORD ADEX

ParadeTWO Tower Residences

416-813-0999

• from $287,000

14F

CONCORD ADEX

Grand Parade at Concord CityPlace

416-813-0999

• from 293,000 14F

CONCORD ADEX

Panorama at Concord CityPlace

416-813-0999

• from $389,000

14F

CONCORD ADEX

Panorama Elite Suites at Concord CityPlace

416-813-0999

• from $1,135,000 14F

CONCORD ADEX

Luna Vista at Concord CityPlace

416-813-0999

• from $2,213,000 14F

CONCORD ADEX

Spectra

416-813-0999

• • 14F

CRESFORD DEVELOPMENT CORP.

NXT at Windermere By The Lake

416-977-5300

• • from $300,000

11F

CRESFORD DEVELOPMENT CORP.

NXT2/Phase Two

416-977-5300

• • from $210,000

CONSERVATORY GROUP

Infinity Condominiums

416-214-1988

• from $250,000

14F

11 CAMROST FELDCORP

California Condominiums

sunsetcondos.ca

• from $242,000

25G

14 CANALFA GROUP

Liberty on the Park Condominiums

416-537-0047 • from $363,000

10F

15 MALIBU INVESTMENTS INC.

LTD

416-601-2223

12F

• from $200,000

18 FERNBROOK HOMES/CITYZEN DEV.

Pier 27 Residences On The Lake

416-367-3456

• from $300,000 11F

18 URBAN CPITAL

River City 2

416-862-0505

• from $250,000

29 PINNACLE INTERNATIONAL

33 Bay Residence at Pinnacle Centre

416-925-3325 • • from $375,000 17M

58 GREAT GULF

Monde

416-466-8885

60 CANALFA GROUP

Liberty Central by the Lake

416-537-0047

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

• • from $304,000

18L

insert

17M

•

12N

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to 416-789-9554

Price Range

Scug

Phillip M

Manvers

Page

Finder

Scugog

416-354-2221 48

• from $307,000

416-503-3328

• from $320,000

19D 25B

Newcastle

905-271-5038 • from $280,000 12B

Oshawa

Eg Bu lin to rn Ra n ha th b m th urn or Rd pe E Du Rd nd Th W as eQ St ue E en sw ay

Av eW

on ial Dr

Br ita nn ia Rd W

Ce rem Ra th bu rn Rd W

Br id ge Rd

Sp ee rs Rd La ke Ma sh cD or Co eR o d E nald rnw Rd all Rd

Ro ya lW

Qu ee nS tE

ind so Q rD ue r en St W

Sh Sp erid ea an km P an ark Tr Dr Dr us co tt Dr

Th eC oll eg ew ay

Bu rn ha mt ho rp eR dE

La ke sh or eR dW

St ee les

De rry Rd W

STANTON RENAISSANCE

On The Go

401 647-692-8417 • from $250,000 23C

UNITED LANDS

Stonebrook Condominiums

905-822-8858 • from $270,000

CHESTNUT HILL DEVELOPMENT

San Francisco By The Bay

905-831-3631

10 PEMBERTON GROUP

Bluwater Condominiums

416-987-8800

• from $350,000

11 MONARCH CORP.

Waterscapes

416-495-3544

• from $390,000

25C

13 GREEN HILL HOMES

Princeton Manor

905-849-1818 • from $210,000

14 PHANTOM DEVELOPMENTS

Jade Waterfront Condos

416-251-0707

• from $250,000

24G

15 GRAYWOOD DEVELOPMENTS

Ocean Club

416-255-4663

• from $250,000

24C

23J

416-495-3544 • 24C

20 DAVIES SMITH

416-259-8882

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

• from $220,000

23C

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to 416-789-9554

waterfrontmaps: GTA

• • from $180,000

18 MONARCH CORP. Lago Eleven Superior

Park Rd S

TH* C*

Lake

Bloor St

Whitby 7 Waterfront

Park Rd S

W entworth St

Lindsay

Uxbridge

Gibb St

Centre St.

Bay

King St WBond St

Stevenson Rd

Atwater Condos

Telephone

401

AdelaideAve

Thornton Rd

Garrard Rd Kendalwood R

La ke sh or eR d

Anderson St

Cannington

Blair St

Schomberg

Rossland Rd

Manning Rd

Hopkins St

King Water Tower at9Eau Du Soleil

Garden StBlair St

Bradford Tecumseth and Watermark Tottenham

Brock St S Henry St Gordon St

Keswick

Ajax-Whitby

Shoal Point Rd

Georgina

Cochrane St

St W

Taunton Rd W

Dryden Bv

Bayly St E Georgina Island 33 caygeo Bob

Whitby

*TH: Townhomes, C: Condo

oe mc Si

Stevenson Rd

Garden St

Baldwin St S

Brock St N

Sim

East Gwillimbury Further North Waterfront 400

idd le Rd

Conlin Rd

Town of Whitby

Dundas St E

e 401

Pickering Beach Rd

Harwood Ave

McQuay

Up pe rM

To Os

Thornton Rd

Rossland Rd

Townline Rd

Audley Rd

Du nd as

Church St E

Thickson Rd

Lakeshore Blvd E

Country Lane

th or pe Rd W

Garrard Rd

Baldwin St N

Coronation R

Lakeridge Rd

Audley Rd

Salem Rd

Bu rn ha m

Stevenson Rd

Du ffs Rd

Park Law n Cedarbrook T

RoyalYork Rd

Cochrane

Country Lane

Halls Rd N

16 28

1518 20

H orner Ave Rossland/Winchester R

Alliston,

Adjala 9

4 Sideline R

Salem Rd

W estney Rd N

Finley A ve

WINDCATCHER DEVELOPMENT CORP.

Mono

Greenwood Rd

0 28 EMPIRE COMMUNITIES 1

Evans Ave

W estney Rd S

Shelburne

Kingston Rd

Oro

25 QUEENSCORP RESIDENCES

Mara

Barrie

Village of G ardiner Expressw ay in 1411 Brookl 2

Q ueensw ay

W Taunton Rd Waterfront Etobicoke

Town of Ajax

Magill Dr

400

8 Con

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

400

Beeton, Site

Fifth Conces 12 11 9

Ravenscroft

Builder

Q EW

6 Concession

Delaney Dr Church St S

Hwy 5

Essa

Columbus Rd

Mississauga Taunton Rd E Waterfront Orillia

Montgomery F

Tosorontio Everett

Squires Beach Rd

Angus

Brock Rd

Sandy Beach

Sunnidale Oakville Granite Court 90 Waterfront Lisle Liverpool Rd

Church St N

Vespra 401

21 22 23 24 25 26

Brawley Rd Bloor St W

D undas St W

Bracebridge

Notion Rd Riverside Dr

Stroud's

Whites Rd

Rd ak rlo Bu

u1g0 em o

16 Sideline

Glenanna Rd

SheppardAve Rd on 24 ingst K

Brock Rd

Brock Rd s R Oak or Maj Valley Farm

Highview Rd

Rossland Rd

Liverpool Rd

Dixie Rd

No ttin gh llG FinchiAve ate

4 Sideline

3 Concession

Ke rr St

7 Concession

W QE

th ra Rd

Tay

nR D evo

Wasaga Beach

Brock Rd

Rd is av

n io at St

Midland d

QEW

400

4 dConcession Dr For

Appleview Rd Fairport Rd Spruce Hill Rd e Lin

Rd ian Ind

5 Concession

Rd e Lin Whites Rd

e Lin

Rd Thornbury

ai Hne R d

Georgian Bay

3 40

Br Gont e

4 Concession Tr af alg ar Rd

W Q ECa

16 Sideline

ol fe da le

le da in Er

y North w Rd RdRosebank Rd Nor lvd th Rd e Pk llB Lin hi 8 ills c ur Altona Rd 32n M Sideline Altona Rd 32 Sideline i d Ch Er eR on st Lin in 6 Rd

e Lin

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City of a Pickerinag

Co l Rid onia ge lD w a Rd Whitevale y Dr r

D r M is 7 sisConncession sa ug aR d

8 Concession

6 Sideline

d oo

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w Pk ills w en Ed

Mi llcr ee k

te D

Lake Ridge R

d llR Mi

in Er

1 40

ld 40 Blv 1 2 3 4 5 6 7 8 9 10 11 13 14 15 16 17 18 19 20 ga 12 on es ath

Myrtle Rd W Rathburn Rd

Ashburn Rd

Fie

orth D r

4 Sideline R

n ke

20 Sideline

m To

24 Sideline

9 Concession

eline d

d yR

Rd 30 Sideline w ie itv ed Cr

28St Sideline rio ta on

9 Concession

109

I BUILD CONFIDENCE. â&#x20AC;&#x153;As a proud member of BILD, we network with peers and share a unified commitment to continuously raising industry standards, inspiring innovation and elevating the business of building. The association offers us resources that help us stay current on the broader issues affecting our industry. This unwavering support is what helps us continue to be a leader in the dynamic Toronto real estate market.â&#x20AC;?

Alan Vihant Senior Vice President for High Rise

Great Gulf Homes Builder / Developer Member Since 1975

I AM

Get Involved: bildgta.ca

GTA Edition March 1 - 15, 2014

Your complete source for condos, lofts and townhomes in the 905 region

IN THIS SECTION Maps and listings for new condo communities in the 905 region Builder news and the latest in condos in the 905

CONDO WATCH

previews & registrations Grand Palace Condominiums by Guizzetti Corp.

Luxury living at affordable prices is coming to Richmond Hill. Register now for Tower C. Web: GrandPalace.ca

SkyCity2 by Pemberton Group

Phase 1 is under construction at Yonge and Hwy. 7. Register now for Phase 2. Web: SkyCityCondos.com

905 Builders: If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@wall2wallmedia.com

Legacy Park by Liberty Development

Register now for the grand finale at Thornhill City Centre â&#x20AC;&#x201C; iconic architecture, urban suite designs and fabulous park views. Web: LegacyParkCondos.com

Daniels Erin Mills by The Daniels Corp.

New landmark community coming soon to Erin Mills and Eglinton. Register to stay informed. Web: DanielsErinMills.com

HOT Condominiums by Great Gulf

Phase 3, final release, offering boutiquestyle living in Erin Mills. Register to stay up to date. Web: HotCondominiums.com

Centro Square by Liberty Development

A master-planned community in the heart of Woodbridge, Phase 2 is now previewing. Web: CentroSquare.ca

The Clairington by Castleridge Homes

Active adult living in a park-side condo in Brampton. Register now for insider access. Web: TheClairington.com

Park City Condominiums By Tobyn Park Homes

Currently in pre-construction at Walkers Line and Upper Middle Road in Burlington. Register now. Web: ParkCityLiving.ca

Rain Condominiums by Empire Communities

New suite release at Rain Condominiums in Oakville. Register now. Web: RainCondos.com

112 NEW CONDO GUIDE MARCH 1 - 15, 2014

new releases & grand openings The Mark by Empire Communities

Now open at Markham Road and Bur Oak. Remarkable residences. Remarkable Markham. Web: TheMarkCondos.ca

Fairground Lofts by Wycliffe Homes

Model suite and showroom now open! Urban lofts are coming to Woodbridge Village. Web: FairgroundLofts.ca

Allegra by Nova Trimax

New release of Terrace Loft Suites, steps from the Village of Woodbridge. Construction now underway on Phase 1. Web: AllegraCondos.com

Garden Court Condos by Monarch

Over 90 per cent sold, in the heart of Cathedraltown, one of Markhamâ&#x20AC;&#x2122;s most sought-after neighbourhoods. Web: MonarchGroup.net

RICHMOND HILL’S MOST ANTICIPATED LUXURY CONDOMINIUMS

STARTING FROM

$295,000* Register for Tower C Today

Luxury Living AT AFFORDABLE PRICES

VISIT OUR PRESENTATION CENTRE 9612 Yonge St., Richmond Hill 905.907.4370 www.grandpalace.ca

Exclusive listing: Royal LePage —Your Community Realty Brokerage Broker Protected E&EO. Prices and Specifications are subject to change without notice. Illustration is artist concept. MARCH 1 - 15, 2014 NEW CONDO GUIDE 113

INCREDIBLE 1 PRICE EVENT

$299,900

FURNITURE PACKAGE + PARKING + LOCKER INCLUDED CHOOSE THE FLOOR | CHOOSE THE VIEW | PAY 1 PRICE

A FANTASTIC OPPORTUNIT Y IN THE HE ART OF DOWNTOWN MARKHAM .

STEPS TO VIVA , SHOPPING , DINING, PARKS AND MORE !

E XC LU S I V E LIMITED TIME OFFER

F U R N I T U R E PAC K AG E BY :

SIGNATURECONDOMINIUMS.COM

FROM THE MID $200s 905.948.9900 162 ENTERPRISE BOULEVARD

Mon-Thurs: 12 noon - 6pm Fri: Closed Sat, Sun & Hol: 12 noon - 5pm EXCLUSIVE LISTING BROKERAGE: BAKER REAL ESTATE INCORPORATED. BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATION IS ARTIST’S CONCEPT. E.&O.E. * SEE SALES REPRESENTATIVE FOR FULL DETAILS.

115

Sid er oa d

Si xt h

Li ne

Ki ng

al ke rR

d W

Bolton h 5t

4t h

Li ne

d 3r

10 th

Dr .

va ird

r St ar D

St W

Ea st D

Rd De rry R

Dr ew

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Br ita nn

on Ce re m

W Rd

Sp ee rs Rd La ke M sh ac or Do C e na orn Rd w ld E Rd allR d

as St W

Rd le id d pe rM

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Sh Sp eri ea da km n P Tr an ark us co Dr D r tt Dr Rd n w o d th La Sou ke sh or e Qu Rd ee W n

E Rd rp e th o

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rp e

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n Rd

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Scug

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Lake

Hwy 5

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Ind

ne Li

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ak rlo

400

Cannington

East Gwillimbury

Beeton,

tti ng

Ce nt ra 34 lP kw 4 y H E ur 46 10 on ta rio W o St 30 lfed al e Rd

3 40

er rS t

eon

Essa Alliston,

Keswick

ai ne

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Georgina 400

Angus

m To

St Rd

Tosorontio Everett

ne Li

Lisle

Barrie

Sunnidale

S ke

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y ed

on ur y vd Bl ill ch ur

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Tr em

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Wasaga Beach

kw sP ill

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Fort Erie

Fi el dg

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Port Dover

ne Li

Tr af al ga rR

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Key Maps Port Colborne

Dunnville Tay

Chippawa

Welland

North

New Credit

Rid lon ge ial w a Dr yD r

NIAGARA FALLS

Fonthill 11

QEW

Thorold

Bracebridge West Lincoln

Haldimand 69

Vineland Lincoln

ST. CATHARINES

400

17 5

Beamsville

Scotland

Virgil

Port Dalhousie

Glanbrook

Midland

on st in

Grimsby

Niagara-on-the-Lake

1 40

dE 3 Blv 40

BRANTFORD

Thornbury

in Er r

Stoney Creek

QEW

Nanticoke Q

403

To LONDON

LAKE ONTARIO

HAMILTON

Ancaster

kw sP ill

Dundas

Paris

illc re ek M D r iss iss au g

ne Li

Carlisle Burlington

Flamborough

St. GeorgeN

CAMBRIDGE

Key Maps

Oakville

401

w en Ed

Puslinch

n so he at

w ie itv ed Cr

QEW

Further West

nn Ke

0 41

1 40

in Er

403

Milton

10 S y ve w A H y ch ur

vd Bl ill ch ur

Halton Hills

Guelph

R rt

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905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North

R rt

o irp

Ayr

116

kw ar Cl

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Rd Rd

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* Due to scale restrictions, locators are approximate. Please see builderâ&#x20AC;&#x2122;s ads for exact locations.

Br ita nn

21 22 23 24 25 26

St E

20 th

25 th

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Builder

Site

GREAT GULF HOMES

Telephone

TH* C*

Price Range

Page

Finder

greatgulf.com • 22-23

16K

Clairington

905-793-0002 •

from $200,000

114

16E

30 PINNACLE INTERNATIONAL

Pinnacle Grand Park 2

905-276-3981 •

from $350,000

20L

34 PINNACLE INTERNATIONAL

Pinnacle Uptown, Crystal 2

905-568-9000 •

from $255,000

19K

45 EMPIRE COMMUNITIES

Rain Condominiums

905-845-7246 •

from $200,000

17Q

GREAT GULF HOMES

Twenty Lombard

416-499-8883 •

from $492,000 16K

CONSERVATORY GROUP

Mirage

905-232-2400 •

from $270,000 20K

AMACON

PSV2

905-273-9333 • 18M

GREAT GULF HOMES

HOT

905-828-4257 •

from $274,000 16M

FERNBROOK HOMES

Absolute World

416-869-6057

from $188,000 21K

CITYZEN

Absolute World

416-869-6057 from $188,000 21K

10 AMACON

The Residences at Parkside Village

905-273-9333 •

from $250,000 21K

12 ALTERRA HOMES

Renaissance in Olde Brampton

416-710-1010 •

from $295,000 13D

14 PEMBERTON GROUP

Rosedale Village Golf & Country Club

905-799-5000

16 VANDYK COMMUNITIES

Windows on the Green

905-822-3333 from $300,000 17M

17 PEMBERTON GROUP

Downtown Erin Mills Condominiums

905-630-6300 •

from $320,000 6C

18 RETIREMENT LIFESTYLE COMMUNITIES

Palisades on the Glen

905-820-8210 •

from $290,000 17M

19 UNITED LANDS

Stonebrook II

905-822-8858 • 22N

21 CASINO BAY DEV. CORP./TODDGLEN

Panoramic Point at Brewery Bay

27 INZOLA GROUP

3 CASTLERIDGE HOMES

•

905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North

Corporate

from $346,000 12E

1-866-611-5525 •

from $264,000 7Q

Park Place

905-451-7001 •

from $310,000 14G

32 ARMOUR HEIGHTS DEVELOPMENTS

River’s Edge

905-533-2400 •

from $285,000 14A

35 ASHLEY OAKS GROUP

Emporium at Joshua Creek

905-618-0660

•

from $200,000 17P

38 TRIDEL CORPORATION

Metrogate - Ventus 2

416-293-5535

•

from $302,000 19J

38 TRIDEL CORPORATION

Ventus at Metrogate

416-293-5535

•

from $344,000 19J

46 MATTAMY HOMES

The Mount Pleasant Village

mattamyhomes.com •

from $200,000 20M

47 THE DANIELS CORPORATION

Daniels Erin Mills

905-306-6996 •

from $200,000 17M

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554

117

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

East

Site

Telephone

TH* C*

Town of Markham 7 407

11 Concess ion R

10 Concess ion R

9 Line

n de Al

Bullock D r Hw y 7

407

14 Ave

M ain St S H w y.48 Raym ervi lle D r

7 14

H w y.27

M cCow an Rd

404

16 Ave Carlton Rd

M ajor M ackenzie

A ldergrove D r

Kennedy Rd

Cachet Pkw y

404

John

18 Ave

W arden Av e

Ave

Elgin M ills Rd

W oodbine

905regionalmaps: Maple, Thornhill, Richmond Hill, Vaughan, Markham, Ajax, Whitby, Oshawa

Leslie St

A ve

16th Ave.

Steeles Ave E

Builder

Leslie St

rn Strathea

118

Bayview Ave

Clark Ave W

H enderson Av e

Centre St

24 1 13

Thornhill

Yonge St

407

Steeles Ave W

N ealD r

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n to

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D enham D r

ng Isli t nce S Clare Kipling Av e

41 26

43 10

Langstaff Rd

404

M ajor M acKenzie

W eldrick Rd W

401

19 Ave

Elgin M ills Rd

Richmond Hill

Rutherford Rd

400

19th Ave.

Yorklan

Regent St M illSt

Maple

401

G am ble Rd

Bathurst St

D ufferin

Ff Rd Langstaf

Keele St

H untington

M ajor M ackenzie

To wn of O sh awa

401

Jefferson Sideroad

Teston Rd

400

Jane St

Kirby Rd

N ashville Rd

W eston Rd

Pine Valley

Cold Cree k Rd

12 Line Rd

King-Vaughan Rd

To wn of Ajax

City of Pickerin g

Yonge St

King Rd

Key Maps

To wn of W hitby

Bloom ington Sideroad

21 22 23 24 25 26

Markham

D enison St

Price Range

Page

Finder

13 LIBERTY DEVELOPMENT CORP.

Legacy Park

905-731-8302 •

from $303,000

10G

14 REMINGTON GROUP

The Signature Condominium

905-948-9900 •

from $300,000

115

18F

Sky City

905-709-5700 •

from $320,000

12F

32 LIBERTY DEVELOPMENT CORP.

Royal Gardens

905-889-9997 •

from $240,000

14F

43 GUIZZETTI DEVELOPMENTS

Grand Palace

905-907-4370 •

from $295,000

113

12E

44 LIBERTY DEVELOPMENT CORP.

Centro Square Condos 2

905-851-8877 • 36

46 EMPIRE COMMUNITIES

The Mark

905-554-5015 •

21E

31 PEMBERTON GROUP

from $250,000

MONARCH CORPORATION

Garden Court

416-495-3595 • 16D

FLATO DEVELOPMENT

Arthouse

905-554-8722 from $200,000 22E

TRIDEL CORPORATION

Renaissance of Richmond Hill

416-736-9500 •

from $740,000 12G

MINTOURBAN COMMUNITIES INC.

WaterGarden

416-915-3800 •

from $254,000 11G

10 GREAT LANDS CORP.

The Beverly Hills Resort Residences

905-882-6636

11 TRIAXIS DEVELOPMENT INC/MARINO DEVELOPMENTS

Courtyards of Maple

416-798-7070 •

from $390,000 8E

12 GREENPARK HOMES

UV2

905-554-6501 •

from $253,000 22F

13 LIBERTY DEVELOPMENT CORP.

Legacy Park

905-731-8302 •

from $280,000 10G

20 SOLMAR DEVELOPMENT CORP

Bellaria Residences

905-417-8482 •

from $240,000 7E

22 QUADRA MGT. & SCEPTRE DEVS.

Renaissance Court at Woodbridge Gates

905-851-4220 •

from $505,000 3G

22 WYCLIFFE HOMES

Fairground Lofts

905-605-5900 •

from $340,000 3G

24 LIBERTY DEVELOPMENT CORP.

The Fountains

905-731-8302 •

from $272,000 10F

26 RICE DEVELOPMENT

Ambria

905-796-3630 •

from $340,000 3F

28 CHESTNUT HILL HOMES

San Francisco by the Bay

905-831-3631

•

from $200,000 22C

31 PEMBERTON GROUP

Miracle at Yonge

905-709-5700 •

from $280,000 12F

31 PEMBERTON GROUP

Sky City 2

905-709-5700 •

from $320,000 12F

32 SIGNATURE COMMUNITIES

TAO Boutique Condos

905-597-2535 •

from $200,000 14F

34 SIERRA HOMES

68 Main Street

905-305-0822 •

from $250,000 22F

40 NOVA TRIMAX

Allegra

905-850-6866 •

from $250,000 1F

41 QUADCAM DEVELOPMENT GROUP INC

Vista Parc Condominiums

905-850-8883 •

from $260,000 3F

45 KYLEMORE COMMUNITIES

The 6th Angus Glen

905-887-9950 • 19E

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

•

from $250,000 13F

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554

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HOT DATES

MARCH 2014

Calendar of events taking place from March 1 – 15

HIGHLIGHTS

UNTIL MAR 2

Golf & Travel Show MAR 6 – 9

International Home & Garden Show

Until Mar. 2

Mar. 6 – 9

Golf & Travel Show

International Home & Garden Show

METRO TORONTO CONVENTION CENTRE 255 FRONT ST. W. The Golf & Travel Show tees off its 25th year! Welcoming retail partner and golf industry expert, Clublink, along with a number of exhibitors featuring golf equipment, golf courses, travel options, demonstrations and on-site lessons, the Golf & Travel Show is the pre-season destination for lovers of the game. Visit online for additional information and to purchase tickets. torontogolfshow.com

METRO TORONTO CONVENTION CENTRE 255 FRONT ST. W. The International Home & Garden Show is your one-stop shop for renovation, decoration and inspiration! Stroll more than three acres of exhibitors and inspiration for your home, inside and out, and check out free celebrity and expert seminars from Kimberley Seldon, Karl Lohnes, Lynn Spence and Frank Ferragine, among others! nationalhomeshow.com

UNTIL MAR 14

Ice Skating at Natrel Rink

MAR 14 – 23

National Home Show & Canada Blooms

Until Mar. 14

Mar. 14 – 23

Ice Skating

National Home Show & Canada Blooms

NATREL RINK 235 QUEENS QUAY WEST Enjoy a fun and free skate at the city’s most scenic skating rink, tucked behind York Quay Centre and set against the Lake Ontario shoreline – a winter-time tradition for 30 years! Strap on your helmet and skates (if you don’t own, there are rentals on site) and enjoy the crisp air and the beautiful scenery. Call 416.973.4866 or visit online for details. harbourfrontcentre.com

120 NEW CONDO GUIDE MARCH 1 - 15, 2014

DIRECT ENERGY CENTRE EXHIBITION PLACE This highly anticipated annual event heralds the imminent arrival of spring! Enjoy 2-for-1 admission to the National Home Show and Canada Blooms, where more than 750 exhibitors showcase the latest and greatest for your home and garden. Celebrity guests include reno pro Bryan Baeumler and style aficionado Sarah Richardson. nationalhomeshow.com

HOMEBUYERS’ HELP

condo buyers’

resource section

YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD! Compare mortgage rates for your best deal Calculate your mortgage payments using the mortgage payment calculation chart

MARCH 1 - 15, 2014 NEW CONDO GUIDE 121

HOMEBUYERS’ HELP

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

EXAMPLE: 5%

25 YEARS

5.82

125 (mortgage amount $125,000)

Follow these steps to see if you’ll qualify for a mortgage on your dream condo 01 Calculate the combined monthly before-tax income of you and your spouse. 02 Divide by three. This figure is the monthly payment you can afford to make on your condo. 03 Take the total price of the condo and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.

122 NEW CONDO GUIDE MARCH 1 - 15, 2014

04 Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.) 05 Multiply this figure by the amount you need to borrow. Divide by 1,000.

06 Add to this your estimated monthly heating costs and monthly property taxes. 07 If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream condo.

Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.

Mortgage payment calculation chart

Amortization Periods

INTEREST RATES

10 YEARS

15 YEARS

20 YEARS

25 YEARS

30 YEARS

3.00%

9.65

6.90

5.54

4.73

4.21

3.25%

9.76

7.02

5.66

4.86

4.34

3.50%

9.88

7.14

5.79

4.99

4.48

3.75%

9.99

7.26

5.91

5.13

4.61

4.00%

10.11

7.38

6.04

5.26

4.76

4.25%

10.23

7.50

6.17

5.40

4.90

4.50%

10.34

7.63

6.30

5.53

5.04

4.75%

10.46

7.75

6.44

5.67

5.19

5.00%

10.58

7.88

6.57

5.82

5.34 5.49

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.64

5.75%

10.94

8.27

6.98

6.25

5.79

6.00%

11.07

8.40

7.12

6.40

5.95

6.25%

11.19

8.53

7.26

6.55

6.11

6.50%

11.31

8.66

7.41

6.70

6.26

6.75%

11.43

8.80

7.55

6.85

6.42

7.00%

11.56

8.93

7.69

7.00

6.59

7.25%

11.68

9.07

7.84

7.16

6.75

7.50%

11.81

9.21

7.99

7.32

6.91

7.75%

11.94

9.34

8.14

7.47

7.08

8.00%

12.06

9.48

8.28

7.63

7.25

8.25%

12.19

9.62

8.44

7.79

7.42

8.50%

12.32

9.76

8.59

7.95

7.59

8.75%

12.45

9.90

8.74

8.12

7.76

9.00%

12.58

10.05

8.86

8.28

7.93

9.25%

12.71

10.19

9.05

8.45

8.10

9.50%

12.84

10.33

9.20

8.62

8.28

9.75%

12.97

10.48

9.36

8.78

8.45

10.00%

13.10

10.63

9.52

8.95

8.63

10.25%

13.24

10.77

9.68

9.12

8.80

10.50%

13.37

10.92

9.84

9.29

8.98

10.75%

13.50

11.06

10.00

9.46

9.16

11.00%

13.64

11.22

10.16

9.63

9.34

11.25%

13.77

11.36

10.32

9.80

9.52

11.50%

13.91

11.52

10.49

9.97

9.70

11.75%

14.04

11.66

10.65

10.15

9.88

12.00%

14.18

11.82

10.81

10.32

10.06

12.25%

14.32

11.97

10.98

10.49

10.25

12.50%

14.46

12.13

11.15

10.67

10.43

12.75%

14.59

12.28

11.31

10.85

10.61

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 MARCH 1 - 15, 2014 NEW CONDO GUIDE 123

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HOMEBUYERS’ HELP

Compare mortgage rates for your best deal CHARTERED BANKS

Variable

6 Months

1 Year

2 years

3 years

4 years

5 years

ATB Financial 2.7 6.30op

2.94 6.30op

2.89 2.99 3.39 6.50op

3.69

Alterna Svgs/Alterna Bk 3

4 6.30op

3.09 3.14 3.19 3.35 6.30op

3.45

Bank of Montreal 3

4 6.30op

3.14 3.04 3.85 4.64 6.30op

3.69

Bank of Nova Scotia 2.6

4.55 6.45op

3.75 2.79 3.99 4.39 6.50op

3.49

Canadian Western Bank

4 6.45op

3.14 3.14 3.85 4.64 6.30op

5.24

CFF Bank

3.69

3.79

3.39

CIBC 3 6.70op

3.09 2.79 2.99 3.39 6.35op

3.69

HSBC Bank Canada 2.65

2.7 3.95 2.93 4.99 6.35op

3.49

3.05

3.15

3.65

3.64

3.69

3.89

3.19

3.24

3.49

3.69

3.99

ICICI Bank Canada ING Direct

4.45 6.20op

3.75

3.79

Manulife Bank 2.7 4.45

3 3.05 3.1 3.4 4.00op

3.59

National Bank n/a

3.14 3.14 3.75 4.64 6.70op

3.59

President’s Choice Financial

4.4 6.70op

3.69

4.09

Royal Bank 3 6.30op

3.14 3.04 3.75 3.39 6.30op

3.24

3.59

3.69

TD Canada Trust 3

3.09 2.89 3.75 4.64 6.30op

3.69

Airline Financial C.U. 4

3.01 3.1 3.33 3.65 6.25op

3.99

Luminus Financial 2.55

3.2 6.3

2.8

2.95

3.35

3.6

3.25

3.95

4.74

TRUST COMPANIES 6.5

3.14

Effort Trust n/a

Community Trust

n/a

4.45 6.30op

3.25 3.6 3.7 4.6 6.30op

4.95

Home Trust Company

2.5

2.89

3.95

2.89

3.39

3.29

Investors Group Trust n/a

4.2 6.50op

3.14 3.14 3.9 4.64 6.30op

5.24

MTCC 2.6

4.55 6.45op

3.75 6.50op

4.39

3.49

Comtech Credit Union 2.95

6.2 6.40op

2.99 3.25 3.29 3.24 6.30op

3.59

First National Fin. LP

3.95

2.99

2.79

3.09

5.34

3.99

OTHER FINANCIAL INSTITUTIONS

3.39

FirstOntario C.U. 2.7 6.34op

3.09 3.14 3.29 3.34 6.34op

3.49

London Life n/a

3.14 3.14 3.95 4.74 6.30op

5.34

MCAP 2.6

3.6 3.95 4.35 4.89 7.00op

5.14

Meridian Credit Union 2.6 4

3.09 3.14 3.65 4.39 6.30op

2.99

Parama Credit Union

2.85

3.05

3.1

3.25

3.4

3.6

Steinbach Credit Union

2.5

2.7

3.1

3.25

3.45

4.2 6.50op

2.69

2.99

Notes **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice. R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE Feb. 24, 2014. Prepared By Fiscal Agents Financial Information Services 905.844.7700

MARCH 1 - 15, 2014 NEW CONDO GUIDE 125

INDEX OF ADVERTISERS 45 Charles Ltd. - Chaz Yorkville Condos

Liberty Development Corp. - World on Yonge

Aspen Ridge Homes - Studio on Richmond

Lifetime Developments - The Bond Condominiums

Bazis Inc. - E Condos

Lifetime Developments - The Code

Bazis Inc. - One Yorkville BILD - Promo

5 110

Brandy Lane Homes - The Station

Camrost - Felcorp - Imperial Plaza

Camrost - Felcorp - The Cumberland

Canderel - YC Condos

62-63

Canpages - Promo

127

Castleridge Homes - The Clairington

114

Chinese Home & Condo Guide - Promo

City Core - Harmony Village Sheppard

Concord Adex - Opus

40-41

Cresford Development Corp. - 1000 Bay

IBC

Cresford Development Corp. - CASA 2

IBC

Cresford Development Corp. - CASA III

IBC

Cresford Development Corp. - Lofts 399

IBC

Lindvest - B Streets

101

Lindvest - Grand Cornell Brownstones in Markham

Luxury Condos - Promo

Malibu Investments Inc. - Smart House

Menkes Developments Inc. - 87 Peter

Insert

Menkes Developments Inc. - Corporate

Insert

Metropia - E Condos

MintoUrban Communities Inc. - 30 Roe

Monarch Corporation - Corporate

Insert

Monarch Corporation - Riva del Lago

Insert

Monarch Corporation - The Epicurean

Neudorfer Corporation - Fuse Condos

One of a Kind Spring Show - Mar. 26-30

Pemberton Group - Downtown Erin Mills Condominiums

Cresford Development Corp. - Merton Yonge Condominiums 128 & IBC

Pemberton Group - Sky City

Cresford Development Corp. - NXT

IBC

Pinnacle International - 33 Bay Residences at Pinnacle Centre

Digital Device - Promo

119

Pinnacle International - Pinnacle Grand Park 2

Dundee Kilmer Developments - Canary District Condominiums

Pinnacle International - Pinnacle Uptown, Crystal 2

Eastonâ&#x20AC;&#x2122;s Group - Dundas Square Gardens

Pinnacle International - The Marquee Townhomes on thePark

Eden Shaw - Chaz Yorkville Condos

Pinnacle International - The Pinnacle on Adelaide

ELAD Canada - Emerald City Condominiums

Queenscorp Residences - Watermark

Empire Communities - Rain Condominiums

Remington Group - The Signature Condominium

Empire Communities - The HUB

Rio Can - E Condos

Empire Communities - The Mark

Rockport Group - The Nest

Empire Communities - Water Tower at Eau Du Soleil

Family of magazines - Promo

124

Farm Building Group - Soul

103

Fernbrook Homes/Cityzen Dev. - Garrison Point

Fieldgate Homes - 90 Niagara

Fram Building Group - SOUL

103

Great Gulf Homes - Corporate

22-23

The Daniels Corporation - Cinema Tower Condominiums

115

Insert

The Daniels Corporation - NY2

The Daniels Corporation - One Park Place Condominiums

The Daniels Corporation - The Parkside Collection

Tiffany Park Homes - Westhaven

Tribute Communities - The College

Tridel Corporation - 101 Erskine

IFC

Tridel Corporation - Corporate

IFC

Tridel Corporation - Spadina Queen

IFC

Tridel Corporation - Trio at Atria

IFC

Guizzetti Developments - Grand Palace

113

Insoho Developments - Imagine Condos

Lamb Development Corp. - The Harlowe

Lanterra Developments - Model Suite of the Month

Lanterra Developments - The Britt

Tridel Corporation - West Village

Liberty Development Corp. - Centro Square Condos 2

Urban Capital - RC3

Liberty Development Corp. - Legacy Park

Urban Capital - Smart House

Liberty Development Corp. - Royal Gardens

Worsley Urban Partners - Totem Condominium

Liberty Development Corp. - Terrace on Danforth

Your First Home & Condo - Promo

126 NEW CONDO GUIDE MARCH 1 - 15, 2014

IFC & BC

MARCH 1 - 15, 2014 NEW CONDO GUIDE 127

view

M ERTO N YO NGE TOWNHOM E S

ACTUAL SOUTH VIEW

LIVE. HERE. NOW.

STYLISH CONDOMINIUMS & TOWNHOMES AT 1815 YONGE STREET. FINISHED WITH EXCEPTIONAL UPGRADES.

CALL FOR YOUR PRIVATE APPOINTMENT TODAY. PRESENTATION CENTRE LOCATED AT 170 MERTON STREET.

Penthouses from the $800’s - New Release Townhomes from the mid $500’s Tower Suites from the mid $300’s 416.484.1900 myccondo.com

YONGE

➤

Midtown living at its very best! MYC is located at Yonge & Merton, just steps to the subway, parks, trails and trendy Yonge Street boutiques and cafes. It’s your life, your style, your way.

EGLINTON

DAVISVILLE TTC SUBWAY

PRESENTATION CENTRE MERTON

SITE ST. CLAIR

ROSEDALE BLOOR

EXPLORE

IN 4D

BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST CONCEPT. E.&O.E.

CRESFORD. LOCATION. DESIGN. DETAIL. INSPIRATION. FASHION. STYLE. TRUST. FroM CoveTed LoCATionS To FAShion-ForWArd deSign To SophiSTiCATed AMeniTieS, CreSFord deveLopMenTS deFineS The eSSenCe oF LUxUrY CondoMiniUM Living. The FirST reSidenTiAL deveLoper in CAnAdA To dreSS Up

Coming Soon Yorkville From the mid $200’s 416.486.CASA (2272)

Under Construction Yorkville From the high $200’s Penthouses Coming Soon 416.486.CASA (2272)

1THOUSAND BAY CONDOMINIUMS ON THE PARK

Under Construction Bay & Bloor From the high $300’s 416.485.3000

Move in Now Yonge & Merton Urban Townhomes From the mid $500’s Tower Suites From the mid $300’s 416.484.1900

Their CondoMiniUMS WiTh inTernATionAL FAShion LABeLS, CreSFord iS KnoWn For SUperB qUALiTY And ATTenTion To deTAiL. A TrUSTed nAMe in The MArKeT For over 30 YeArS, A CreSFord Condo inSpireS ConFidenCe And SeCUriTY.

VISIT OUR PRESENTATION CENTRE AT 170 MERTON ST.

Move in Now Windermere by the Lake From the mid $300’s 416.977.5300

cresford.com

EXPLORE

IN 4D

Live-AdZ

BroKerS proTeCTed. priCeS And SpeCiFiCATionS Are SUBjeCT To ChAnge WiThoUT noTiCe. iLLUSTrATionS Are ArTiST ConCepT. e.&o.e.

Move in Now King West From the high $500’s 416.867.3999

ONE OF DOWNTOWN TORONTO’S MOST DRAMATIC NEW CONDOS.

ETOBICOKE’S NEW VILLAGE. MOVE IN NOW.

Discover a modern, geometric design that steps away from the typical condo aesthetic in the epicentre of downtown Toronto. SQ is where people in the know want to live. Inventive, imaginative and inspiring.

West Village is ready to welcome you. A vibrant urban community close to great shopping, dining and entertainment, plus nature trails. From West Village you can get anywhere with ease: near major highways, TTC and the airport.

GRAND OPENING

MOVE IN NOW

Suites from the mid $300,000’s*

Suites from $290,000*

PRESENTATION CENTRE: 519 Queen Street West, Toronto (Queen Street W. & Spadina Ave.)

PRESENTATION CENTRE: 6 Eva Road, Etobicoke (north of Bloor Street W., off The West Mall)

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SHOWCASE

C O L L E C T I O N

AN URBAN OASIS AT YONGE & EGLINTON.

THE NEXT GREAT PHASE OF ATRIA IN NORTH YORK.

Maximize your living space with a smartly designed suite. Open-concept living and dining rooms with modern styling flow into designer kitchens featuring built-in appliances. 101 Erskine is conveniently located mere steps from prestigious shopping, dining and entertainment.

Located within the master planned Atria community, TRIO is the most desirable new place to live in North York. Close to Fairview Mall and the proposed Sheppard Avenue East LRT**. An exquisite residence adjoining a lush park.

GRAND OPENING

Suites from $286,000*

Suites from $255,000*

Signature and Penthouse Collection Suites also available from $854,000* Nine Signature Townhomes available from $895,000* PRESENTATION CENTRE: 2611 Yonge Street, Toronto (at Sheldrake Blvd.)

PRESENTATION CENTRE: 2255 Sheppard Ave. E., Unit 120, North York (at Settlers Rd.)

A Tridel Built Green. Built for Life.® community. *Price and specifications are subject to change without notice. Illustrations are artist’s concept only. **Source: The City of Toronto Official Plan and the Agincourt Secondary Plan, a future bus and subway terminal or other transit related uses are proposed for this location. Building and view not to scale. Tridel ®, Tridel Built for Life ®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2014. All rights reserved. E.&O.E. March 2014.

MOVE IN NOW

Model Suite West Village is ready to welcome you. With luxurious

PRICES

touches throughout, this vibrant condominium community

SUITES FROM $290,000*

is close to shopping, dining and entertainment along with nature trails and parks. From West Village, you can go anywhere with the ease of major highways, the airport and

Parking Included

TTC just minutes away.

PRESENTATION CENTRE

Tour new designer decorated model suites, lobby and recreational amenities.

6 EVA ROAD ETOBICOKE North of Bloor St. W., off The West Mall CONTACT US

PHONE 416.620.1887 WEB TRIDEL.COM westvillage@tridel.com

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Occupancy in 2014. PRESENTATION CENTRE HOURS: Monday to Thursday 11 am – 7 pm Friday Closed Saturday & Sunday 12 pm – 6 pm

A Tridel Built Green. Built for Life.® community. *Prices and specifications are subject to change without notice. Illustrations are artist’s concept only. Tridel®, Tridel Built for Life®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2014. All rights reserved. E.&O.E. March 2014.

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