Condo Life – August 23, 2025 by Media Classified

SHOULD YOU BUY NOW OR WAIT FOR INTEREST RATES TO DROP?

Quay

THANK YOU

Thank you to our many trades, suppliers and consultants who supported the 18th Annual Kylemore Kares Charity Golf Tournament. Together, we continue our commitment to give back to many charitable organizations in the community. Our sincerest appreciation for making this annual event a huge success.

TIME TO ACT

WAYNE KARL EDITOR-IN-CHIEF Condo Life Magazine

EMAIL: wayne.karl@nexthome.ca

TWITTER: @WayneKarl

You have to wonder sometimes how well governments actually pay attention. When it comes to housing, and the need to build more new homes in the Greater Toronto Area and elsewhere in Ontario, the answer to that question seems to be… not very much, or at least not closely.

Countless housing industry groups and other experts and observers, and even economists, have been sounding the alarm bells on the need for governments to address the growing affordability and supply challenges for years.

Indeed, in 2022, the Ontario government’s own Housing Affordability Task Force, comprising industry leaders and experts, consulted with stakeholders including municipalities and advocacy groups to ultimately produce a report with numerous recommendations.

Unfortunately, most of the recommendations have yet to be acted on or are “in progress.” Since then, uncertainty caused by U.S. tariffs, and other issues, have only exacerbated the situation.

Now, yet another group is raising the issue in a serious way.

The Large Urban Centre Alliance, representing homebuilders and rental providers from cities that account for more than 50 per cent of Canada’s annual housing starts, provided the federal government with a suite of recommendations to address the housing crisis. The recommendations to the pre-budget consultations for the government’s fall budget focus on the unique requirements of Canada’s major urban centres, such as the GTA. They are designed to support the federal government in achieving its bold housing goals while also protecting Canada’s economy from the growing risks posed by today’s unsustainable market conditions.

“Canada needs to double housing starts to address the current shortage, yet housing starts and sales are falling in some of Canada’s largest cities, as the cost of building homes makes homebuilding unviable,” says Dr. Mike Moffatt, Founding Director of the Missing Middle Initiative, and co facilitator of the Large Urban Centre Alliance. “The economic consequences are substantial; in the GTA alone, 41,000 jobs are at risk, along with over $6 billion in tax revenue per year. The federal government can address this crisis by taking actions to lower the cost of construction and removing the barriers to attracting investment in new housing.”

There are encouraging signs that the market is ramping up for a busy fall season (see news coverage and columns in this issue). And There’s mounting pressure for the Bank of Canada to implement a rate reduction on its next announcement on Sept. 17.

We need to keep the ball rolling. Now is the time to act.

HOME DESIGN | MARIAM ABOUTAAM

An award-winning interior designer, Mariam Aboutaam is Director, Sales and Marketing, Interior Design at Kylemore, Markham, Ont., a builder known for master-planned communities and luxury homes. kylemoreliving.com.

PERSONAL FINANCE | JESSE ABRAMS

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

TRREB REPORT | ELECHIA BARRY-SPROULE

Elechia Barry-Sproule is President of the Toronto Regional Real Estate Board (TRREB) and Broker/Owner of Red Apple Real Estate Inc. She is committed to mentoring and supporting real estate professionals across the industry. trreb.ca.

WESTERN VIEW | MIKE COLLINS-WILLIAMS

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

HOME REALTY | DEBBIE COSIC

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

REAL ESTATE PRO | BARBARA LAWLOR

Barbara Lawlor is CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing and sales of new home and condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. baker-re.com

DECOR | LINDA MAZUR

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

STAT CHAT | BEN MYERS

Ben Myers is the President of Bullpen Consulting, a boutique residential real estate advisory firm specializing in condominium and rental apartment market studies, forecasts and valuations for developers, lenders and land owners. Contact him at bullpenconsulting.ca and @benmyers29 on Twitter.

BILD REPORT | DAVE WILKES

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

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Mariam Aboutaam, Jesse Abrams, Elechia Barry-Sproule, Mike Collins-Williams, Debbie Cosic, Barbara Lawlor, Linda Mazur, Ben Myers, Dave Wilkes

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GTA RECORDS STRONGEST JULY HOME SALES IN FOUR YEARS: TRREB

The Greater Toronto Area (GTA) experienced the best home sales result for the month of July since 2021, according to the latest statistics from the Toronto Regional Real Estate Board (TRREB). Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year.

“Improved affordability, brought about by lower home prices and borrowing costs, is starting to translate into increased home sales,” says TRREB President Elechia BarrySproule. “More relief is required, particularly where borrowing costs are concerned, but it’s clear that a growing number of households are finding affordable options for homeownership.”

GTA realtors reported 6,100 home sales through TRREB’s MLS System in July 2025 – up by 10.9 per cent compared to July 2024. New listings totalled 17,613 – up by 5.7 per cent year-over-year.

On a seasonally adjusted basis, July home sales increased month-overmonth compared to June 2025. New listings also rose compared to June, but by a much lesser rate. With sales increasing relative to listings, market conditions tightened.

The MLS Home Price Index Composite benchmark fell by 5.4 per cent year-over-year in July 2025. The average selling price, at $1.05 million, was down by 5.5 per cent compared to July 2024. On a month-over-month seasonally adjusted basis, the MLS HPI

Composite and average selling price remained flat compared to June.

“Recent data suggest that the Canadian economy is treading water in the face of trade uncertainty with the United States,” says TRREB Chief Information Officer Jason Mercer. “A key way to mitigate the impact of trade uncertainty is to promote growth in the domestic economy. The housing sector can be a catalyst for growth, with most spin-off expenditures accruing to regional economies. Further interest rate cuts would spur home sales and see more spin-off expenditures, positively impacting the economy and job growth.”

“Despite widespread belief that the federal foreign buyer ban prohibits all foreign nationals from purchasing residential properties in Canada, there are exemptions that allow nonresidents to buy property, resulting in spin-off benefits to the economy,” adds TRREB CEO John DiMichele. “Foreign buyers can purchase multiunit buildings with four or more units and vacant land or land for development. Non-residents can also buy other residential properties outside urban centres, including recreational properties.

“Moreover, temporary workers and international students can purchase residential property under defined circumstances under the ban extended until January 2027,” he says.

RESCON HOSTS FEDERAL HOUSING MINISTER TO DISCUSS INDUSTRY CHALLENGES

The Residential Construction Council of Ontario (RESCON) and several industry representatives recently hosted federal Housing and Infrastructure Minister Gregor Robertson and Canada’s Secretary of State for Labour John Zerucelli, to discuss challenges facing the industry.

The group toured the H+ME Technology Plant in Etobicoke, and later the minister and secretary of state met with the group to discuss the challenges facing Ontario’s residential construction sector and the potential effects on the economy. The group also had a wide-ranging conversation about initiatives that need to be put in place to spur new residential building.

Attendees discussed the need to accelerate both PropTech and ConTech, as well as the state of offsite construction and what can be done to accelerate growth and increase production and delivery of housing. RESCON says it appreciates that Robertson and Zerucelli took time out to meet and look forward to working with the federal government to spur construction of more housing.

“Immediate bold and concerted action is needed to get more shovels in the ground for housing projects,” says RESCON President Richard Lyall. “The residential construction industry is in dire

straits, and new housing starts and sales are grim. We need to lower development charges, reduce red tape which only adds to approval timelines, and speed up the approvals process. Without a healthy residential construction industry our economy will suffer.”

The association warns that a decline in residential construction has the potential to devastate Ontario’s economy. A 30-per-cent drop in industry activity, for example, could result in 121,500 total job losses; a

50-per-cent drop would result in 202,500, and an 80-per-cent dip would total 324,000.

“The entire economy of Ontario would feel the effects of such an industry employment decline,” says Lyall. “Industries that supply the new home market with everything from lumber to drywall and windows would also be affected. A decline in the construction workforce would result in hardship for many families. It is critical that we take swift action to boost homebuilding in Ontario.”

Left to right, federal Housing and Infrastructure Minister Gregor Robertson, executive chairman at Great Gulf Low Rise Tad Putyra, RESCON President Richard Lyall and Ernie Rinomato, co-founder of Rinomato Group of Companies

Left to right, RESCON President Richard Lyall with federal Housing and Infrastructure Minister Gregor Robertson

BUILDER PROFILE

From North Oakville to Innisfil, Caledon to Hamilton... Inspired living begins here Rosehaven Homes has built more than homes – it has built communities designed to elevate everyday living. With more than three decades of experience, every home the company delivers stands as a promise of enduring quality, thoughtful design and better living.

INSIGHT

What today’s unsold inventory really means for new-home buyers

Recent media reports have focused heavily on unsold inventory in the GTA new housing market, creating the impression that there’s too much product and not enough demand. But the reality is more nuanced – and for informed buyers, it might just be a window of opportunity.

ANALYSIS

The great reset: Why 2025 is the year of the strategic homebuyer

The real estate market in 2025 is not crashing, it’s recalibrating. After years of volatility, we’re seeing a shift toward balance, and that’s creating a rare window of opportunity for smart, strategic buyers.

PERSONAL FINANCE

5 mortgage traps first-time buyers should avoid in today’s market

Buying your first home is a huge milestone. In today’s market, where affordability is tight and rules are shifting, it’s crucial to understand the mortgage process clearly. Many first-time buyers unknowingly fall into avoidable traps that cost them time, money and peace of mind. Here are five of the most common mortgage pitfalls, and how to avoid them.

HOME DESIGN

Flooring choices that pull it all together When designing model home interiors, a top consideration is flooring. New homes will soon welcome real families, and it’s important to keep future residents in mind when selecting materials for each space.

Visit nexthome.ca

WHY TODAY’S CAUTION COULD LEAD TO TOMORROW’S

CONDO SHORTAGE

In the latest episode of Toronto Under Construction Podcast, I hosted three of the most candid voices in the development industry: Paul Golini of Cardea, Leith Moore of Assembly, and Julie DiLorenzo of Mirabella. Together, we dug into what’s slowing housing in the GTA, from planning delays to the real costs of high taxes

on new development. For new condo buyers, this conversation offered a crucial insight – the slower, more cautious market we see today may be laying the groundwork for a severe shortage of housing in just a few years.

Recent analysis from my firm, Bullpen Research & Consulting,

“

Many developers are moving away from massive highrise projects and toward smaller, more modestly scaled communities; these projects that can be built faster, with less financial risk, and that often fit better into established neighbourhoods.

”

BEN MYERS

which is based on data from Canada Mortgage and Housing Corp. (CMHC) and Altus, shows the GTA could see fewer than 10,000 new condo and rental apartments delivered in 2028, when the region will likely need closer to 25,000 units to meet demand. This gap could push both rents and resale prices sharply higher. Bullpen projects rent growth of seven per cent or more in 2028, with the possibility of double-digit gains in 2029 and 2030. While the current news cycle may focus on investor losses and softer resale values, buyers who secure a home before supply tightens could find themselves in a much stronger position when the shortage sets in. I know it is difficult for anyone to make a decision today based on a projection three to five years out, especially given the market correction currently occurring. However, trying to time the market is a fool’s game.

The current environment is in stark contrast from the frenzied years when developers routinely pushed towers to 70-, 80-, even 95-storeys, confident that investor demand would absorb whatever was launched. Today, high land prices, more cautious lenders and tighter investor appetites have shifted the industry’s focus. Many developers are moving away from massive highrise projects and toward smaller, more modestly scaled communities; these projects that can be built faster, with less financial risk, and that often fit better into established neighbourhoods.

Some of that shift is being powered by a growing interest in modular and prefab construction, a recurring topic in Toronto Under Construction Episode 89. Off-site building methods, whether panelized framing or fully modular units, can dramatically shorten construction timelines. Moore, for example, is launching a panel plant through his firm Assembly to streamline midrise and infill projects. Meanwhile, Peter Gilgan of Mattamy Homes is investing

in a large-scale prefab facility aimed at boosting housing output. For buyers, these innovations open up more variety in housing forms, which can offer an alternative to traditional highrise living, especially in midrise and townhouse-style developments.

The change isn’t just about how projects are built, it’s also about what type of housing is delivered. With the condo pre-construction market at its weakest point since the mid-1990s, many developers are reworking planned condos into purpose-built rental buildings. Government incentives, such as the GST exemption on new rentals and CMHC financing support, have helped make this shift more viable. In many cases, purpose-built rentals can command a five- to 10-percent premium over comparable condos, especially for larger units that appeal to older tenants seeking long-term stability and professional management. However, the benefits are often greatest in smaller or boutique buildings – large, 700-unit rentals may struggle to achieve the same premium, as personal service and a sense of community can be harder to maintain at that scale.

Bullpen’s outlook also points to the bigger picture: The pause in major land transactions, the caution among mid-sized developers and the temporary cooling of preconstruction sales are all part of a

market cycle that will likely tighten dramatically in the early 2030s. For buyers today, that means the current lull may be an opportunity, especially if you’re purchasing for the long-term.

For prospective condo buyers, the message is straightforward. The combination of smaller-scale developments, emerging construction methods and a looming undersupply means that today’s slower market may be the calm before a storm of renewed price and rent growth. By understanding these trends – and hearing from industry leaders on Toronto Under Construction – you can make informed decisions now that position you for success when the market shifts again.

As I always say, surround yourself with a very experienced team, do a lot of research and buy what you can afford. Good luck.

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COLLINGWOOD QUAY

THE NEXT WAVE IN WATERFRONT CONDO LIVING

If you haven’t been to Collingwood lately, you’re missing out. Blessed with a beautiful natural location at the southern point of Georgian Bay, just 160 kms north of Toronto, it has long been a popular destination for winter skiing and summertime golf, cycling and festivals.

But an important transition is unfolding in this town of about 22,000, taking one of Ontario’s most prominent shipbuilding communities and vacation destinations into a four-seasons paradise, replete with elevated homeowning and lifestyle opportunities.

Chief among them is Collingwood Quay, a six-storey, 100-suite boutique condominium from FRAM + Slokker. Ideally located on Collingwood’s waterfront at the head of Hurontario Street, residents are within sandal steps of spectacular walking and biking trails, a ski-pole’s length from the ski hills at the Blue Mountains and a breeze to picturesque downtown.

If you’ve ever dreamed about waterfront living surrounded by nature, now’s your chance, at Collingwood Quay.

The final phase of FRAM + Slokker’s Collingwood Shipyards masterplanned community development in

downtown Collingwood, the project was recently released for sale after many months of research, including surveys and focus groups with potential buyers.

One of the most unique features of Collingwood Quay is that,

since it’s surrounded by water on three sides, every single suite has a view of Collingwood Harbour. It is also located at the end of Main Street, making retail, shopping and attractions all just steps away.

Buyers “appreciate that Collingwood is a four-seasons town with lots of things to do year around, and yet less than two hours from the GTA,” says Fred Serrafero, senior vicepresident at FRAM + Slokker. “Buyers love the intimate setting, overlooking the water and walking distance to everything they need.”

waterfront condo in town – luxury and proximity are central to Collingwood Quay. Suites range from 870 to more than 2,100 sq. ft.– with the ability to combine two suites, if buyers so desire. Eighty-five per cent of suites are either two-bedroom or two-bedroom plus den, with the remainder one-bedroom plus den.

Prices range from $790,000 to $3.1 million, and all suites include a parking space and locker. Larger suites come with two parking spaces.

To connect with – indeed immerse in – the natural surroundings, all balconies are designed as all-seasons spaces using a Lumon retractable glazing system, designed in Finland

and built in Vaughan. On warm, summer days, slide the glass open and feel the sun shimmer down while enjoying the sounds and ambience unique to your waterside address. During wind, rain and cooler temperatures, slide the glass shut to continue enjoying bright, unobstructed views of the harbour.

For further relaxation, most bathroom sare complemented with an oversized shower and standalone soaker tub.

Add to all this, a party room and private dining space, an exclusive terrace with lounge and barbecue area, a gym and yoga studio, pet spa and storage for bikes, skis and other outdoor toys… and you have all the retreats and spaces for personal enrichment you could want.

When it comes to transformational waterfront projects, FRAM + Slokker knows what of it speaks.

As the final phase in the company’s Shipyards master-planned community, Collingwood Quay will further help breathe new life into the town’s waterfront, augmenting the Shipyards’ collection of townhomes, plus a new waterfront park with seasonal boat docking, an open-air amphitheatre and multi-purpose trails connecting the community to the mountains and water.

“Our waterfront experience dates back to our Port Credit Village development starting in 1998,” Serrafero says. “It kind of put us ‘on the map,’ sort to speak, notwithstanding that we had been developing residential properties across the GTA since the early 1980s.”

Since then, in addition to the Collingwood Shipyards, FRAM + Slokker has built the East Village riverfront community in downtown Calgary, Brightwater in the Port Credit area of Mississauga, and more recently Orillia.

“Our projects are quite unique, as we take great pride in consulting with the community before we put pen to paper. We also do a lot of work understanding who our buyers are and what they want. Add to that a flair for great architecture and a passion for sustainability, and you’ve got our recipe.”

Bringing this approach to Collingwood feels like a natural progression. Luxurious boutique condo living… all-seasons activities literally at your doorstep… modern

amenities at your fingertips… that’s not just a recipe for the next wave of waterfront condo living, it’s an actual formula.

With construction set to begin some time next year and to be completed in

2028, now is the perfect time to begin the life you’ve always dreamed of.

For more information or to register, visit collingwoodquaycondos.com, or visit the presentation centre at 10 Side Launch Way in Collingwood.

SHOULD YOU WAIT FOR RATES

JESSE ABRAMS

In today’s market, many Canadian homebuyers are caught between two conflicting thoughts: Should I wait for

interest rates to drop, or is now the right time to buy?

The Bank of Canada has hinted that rate cuts could continue through the rest of 2025. That sounds promising, but the real question is whether waiting for a better rate is actually better for your financial future. The answer isn’t

always straightforward and depends on a few key factors.

THE RISKS OF WAITING

Yes, rates might go down, but home prices can go up. If you wait for rates to fall, more buyers may jump into the market again, pushing up prices and reviving bidding wars. A lower rate

doesn’t always lead to lower monthly payments if the price of the home you buy is significantly higher.

You also need to consider that waiting too long might mean missing out on properties that suit your needs and budget. The perfect home could come and go while you’re holding out.

“ ” If you’re financially ready and have found a home that suits your needs, now could be a strategic time to buy.

WHY BUYING NOW MIGHT MAKE SENSE

We’re in a rare moment with higher inventory and more motivated sellers. That means more negotiating power, price flexibility and time to make the right decision. Buyers are in a stronger position to avoid overpaying or rushing into a bidding war.

Plus, if rates do drop significantly in the future, you can consider refinancing. You aren’t locked into the rate you get today forever. In fact, many Homewise clients are able to refinance to a lower rate when the time is right, thanks to lender features like early renewal windows or refinancing options without large penalties.

LOCKING IN STABILITY

If you’re financially ready and have found a home that suits your needs, now could be a strategic time to buy. With a mortgage pre-approval, you can lock in today’s rate for up to 120 days while you shop. That gives you peace of mind and flexibility.

You also reduce the stress of rising prices or surprise interest rate changes during your home search. And with Homewise, we help clients find the best rate and features across more than 30 lenders in Canada, which makes the process simpler and more rewarding.

THE BOTTOM LINE

Trying to time the market perfectly is nearly impossible. If you’re financially ready, have a long-term outlook, and find a property that checks your boxes, it’s worth taking the next step. Talk to an expert, get pre-approved and approach the market with clarity and confidence.

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

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If you’re in the market for a new condo – but not necessarily in the Greater Toronto Area – you might want to give FRAM + Slokker some consideration.

With a number of high-profile projects in Mississauga, Orillia and a new signature development in Collingwood, the company excels at transformations – often at waterfront locations.

But before it puts any shovels in the ground, or even pen to paper, FRAM + Slokker consults with its communities to understand who its buyers are and what they want.

We spoke with senior vicepresident Fred Serrafero for insights on the company’s strategy, and what might come next.

How are things coming along at Collingwood Quay?

Collingwood Quay is the final phase of our Collingwood Shipyards development in downtown Collingwood. After a couple years of research, including surveys and focus groups with potential buyers, we released the condominium for sale in the fall of 2024. We currently have 22 per cent of the suites sold, with most of the sales in the upper floors. Sales pace is a bit slower lately despite having lots of general interest and great traffic. At this pace, we expect to start construction some time next year and be completed in 2028.

FRED SERRAFERO

SENIOR VICE-PRESIDENT FRAM + SLOKKER

by WAYNE KARL

What are the unit types, sizes, approximate pricing…?

At Collingwood Quay, we have exactly 100 suites and all face the water, unique for any waterfront developments. The condominium is six storeys in height plus a mezzanine pop up at the north end of the building and one level of underground parking. Two retail spaces are part of the development, a single-use pod of approximately 3,000 sq. ft. and a CRU at the base of the building, approximately 1,700 sq. ft. Both spaces flank a future public square on the water. The project will be surrounded by a public promenade along the water.

Suites range in size from 870 to more than 2,100 sq. ft., with the ability to combine two suites. Eightyfive per cent of all suites are either two-bedroom or two-bedroom plus den, with only 15 per cent as onebedroom plus den.

Sale prices start at $790,000 and up to $3.1 million. All suite prices include a parking space and locker. Larger suites receive two parking spaces. Second floor prices start at $1,100 per sq. ft., including parking and locker.

What is it about this project that differentiates itself from other properties potentially available in the area?

The location of Collingwood Quay is unique. Surrounded by water on three out of four sides, allowing all suites to have wonderful views of Collingwood Harbour. It is also sited

at the terminus of Main Street with retail, shopping and attractions all within a few steps. It is a boutique sized condo, given its limited number of suites, that has found great interest from end users both locals and from the GTA.

We have designed all balconies to be used as an all-seasons space with the integration of a Lumon retractable glazing system, designed in Finland and built in Vaughan.

Collingwood Quay is designed by award-winning architect Giannone Petricone Architects.

What are among the signature amenities?

Collingwood Quay has a number of signature amenities, starting with its party room/lounge/dining area that expands outdoor onto a waterfront patio terrace overlooking Collingwood Harbour.

It also features an inviting lobby with a co-work lounge, an intimate gym/yoga room, two guest suites, a pet spa and a large easily accessible storge room for skis, bikes, kayaks and other items.

Who is the targeted buyer profile for this community?

Collingwood Quay is attracting buyers both locally and from every corner of the GTA. Most buyers are “Zoomers,” that is Baby Boomers with a zoom, still active in both recreational and cultural interests. All appreciate that Collingwood is a four-seasons town with lots of things

to do year around, and yet less than two hours from the GTA. Buyers love the intimate setting, overlooking the water and walking distance to everything they need.

How are things coming along at Brightwater in the Port Credit area of Mississauga? The community really seems to be taking shape there…

The Port Credit West Village Partnership, which we are part of, just welcomed more residents in two separate condominiums recently.

The Mason Condominium and the Brightwater Townhomes were just completed this spring. The retail scene has also expanded greatly this year, with Farm Boy, Rexall and a number of other unique retail offerings opening their doors.

Mercatto’s flagship restaurant is in the works in our “wave” building.

Our Brightwater all-electric shuttle continues to connect residents to the Port Credit GO Station. Our engineered urban bioswale is being planted and will be in service soon.

Early next year, construction start is anticipated on our next condominium phase.

What can you tell us about other projects, such as Jamesville in Hamilton?

Jamesville in Hamilton is still a work in progress, with ongoing discussion among a number of stakeholders. Once the dust settles, it will be a signature mixed-use development with a blend of market and affordable housing choices.

FRAM + Slokker is quite active in our award-winning project Sunshine Harbour in Orillia, with the first phase of waterfront townhomes being completed. The next phase is expected to start next year, followed by an eight-storey condominium. Sunshine Harbour was voted Best Lowrise Community buy the Ontario Home Builders’ Association last fall, as well as winning Best Townhome Design.

There seems to be a theme here… signature and transformative projects, many of them with waterfront locations… Where does this strategy come from?

Yes. Our waterfront experience dates back to our Port Credit Village development starting in 1998. It really transformed this portion of Mississauga’s waterfront. It kind of

on a personal note

put us ”on the map,” so to speak, notwithstanding that we had been developing residential properties across the GTA since the early 1980s. We have since redeveloped the Collingwood Shipyards, built in East Village, a riverfront community in downtown Calgary, followed by Brightwater and now Orillia.

Our projects are quite unique as we take great pride in consulting with the community before we put pen to paper. We also do a lot of work understanding who our buyers are and what they want. Add to that a flair for great architecture and a passion for sustainability, and you’ve got our recipe.

What’s next for FRAM + Slokker?

As we have developed a number of our projects with higher end homes, we are now getting a lot more involved in doing our part in this housing crisis and building affordable projects. We have a few projects that are in the works together with various social housing providers. In fact, we have just completed a 150 units affordable housing building for Peel Region here in Mississauga.

framslokker.com

What would you consider your greatest accomplishment in what you do?

I started my career in the field building R-2000, energy-efficient homes in the mid-1980s, and that Green sensitivity has stuck with me over the years. Now I am more and more focused in mentoring our team of young professionals here at FRAM in development, construction and marketing.

And your greatest inspiration?

I have been fortunate to deal with and learn from a number of different people over the years, but my father-inlaw stands out – at age 95, he still drives around a few projects to share his insight.

What’s on your reading, TV binge watch or podcast list these days?

I read quite a bit, generally focused on three themes:

• Historical non-fictional novels – recently Lawrence in Arabia by Scott Anderson

• Planning and development books – recently Soft City by David Sim

• Nordic mystery novels: The Shadow Killer by Arnaldur Indridason

I cannot wait for next season of Slow Horses on TV coming soon. Podcasts are my wife’s realm. I usually listen with her on long car rides. We enjoy a Quebec fall holiday every year… we bring a cooler along and always return with it full of unique local cheeses.

BILL 17 A STEP IN THE RIGHT DIRECTION

Let’s face it: Today’s new-home buyers are looking for enhanced affordability and a quicker turnaround to take possession of their new digs. After years of new-home builders and developers asking government to intervene in the bureaucracy that has held up new home building unnecessarily, the Province of Ontario has introduced Bill 17 (Protect Ontario by Building Faster and Smarter Act, 2025). The aim of this Bill is to standardize, simplify and streamline development processes to fast-track infrastructure (such as transit, roads and water systems) and new home and condominium communities. It is also designed to cut down on the exorbitant development charges that can add up to 35 per cent onto the price of new homes.

We need to add more than two million homes over the next decade to accommodate increasing demand, so this government action is welcome by both consumers and the industry. Cutting down on the time it takes to get municipal approvals means builders can deliver homes more quickly and at more affordable prices.

Contrary to what you might think, the Bill does not require the province to build homes, but rather to partner with municipalities to create conditions that will help builders and developers construct the needed infrastructure and homes more efficiently. Currently, most bottlenecks preventing the best outcome for efficiency happen at the municipal level.

With that in mind, among the Bill’s measures are:

• Standardization of Ontario Building Code across the province to work toward eliminating much red tape, thus bringing homes and condos to market faster

• Working with municipalities to streamline permits and approvals to reduce costs and expedite projects, particularly around transit corridors

• Enabling fewer studies by municipalities, again eliminating red tape

• Standardizing Official Plans across the province so approvals can be achieved more efficiently. (In most cases, these timelines involve the builder/developer submitting detailed plans to the appropriate municipalities, as well as city staff reviews, public consultation meetings, and a council vote – all of which can take up to two years and more, which results in home prices rising yet again)

• Accelerating the building of infrastructure such as roads, transit and water systems

The Bill has a lot of support from homebuilder associations at all levels, and the municipalities of Mississauga and Vaughan have already taken steps

to drastically reduce development charges on new houses and condominiums.

On the federal level, we would like to see the recent GST reduction for first-time buyers expanded to include everyone purchasing a new home or condominium. In addition, we prefer that the ban on foreign investment in real estate be lifted. We need investment here in Canada, as most major cities in the world are built on investor money.

The bottom line is that we need change now to prevent more people leaving Ontario because of the lack of affordability and supply when it comes to housing. Bill 17 may not be a magic bullet, but it is a definite step in the right direction that will benefit us all.

BARBARA LAWLOR

The Mason Towns at Brightwater, by Kilmer Group, Diamond Corp, Dream, FRAM + Slokker

SMART, PATIENT AND READY:

THE NEW PRE-CONSTRUCTION BUYER IS HERE

DEBBIE COSIC

The past few years have brought more change to the pre-construction real estate market than most of us have seen in decades. For many buyers, the market we once knew –fast-moving, equity-rich and full of short-term wins – feels like a distant memory. But in reality, we’re not in a “dead market.” We’re in a transformed one. And that transformation demands a new kind of buyer.

At In2ition, we’re calling this moment the re-education of the preconstruction buyer.

Gone are the days when buying was driven by fear of missing out and hype. Today’s environment demands clarity, data and patience. The buyers who will thrive going forward are the ones who understand that real estate, especially pre-construction, is a long game.

Yes, interest rates remain high. Yes, launches have slowed. But the fundamentals of our market haven’t disappeared, they’ve just quieted down. Population growth hasn’t stopped. And housing demand hasn’t disappeared.

What’s changed is how buyers need to approach the game.

We’re seeing more investors and end-users alike asking better questions: What’s the builder’s track record? How solid is their financing? What’s the realistic timeline here? That’s a good thing. Cautious, wellinformed buyers create a more stable and sustainable market for everyone.

At In2ition, we’re spending more time than ever guiding our builder clients through these conversations, not just selling product. Education, transparency and smart decisionmaking are our priorities right now, because those are the qualities that build long-term wealth.

If you’re a buyer waiting on the sidelines, that’s okay, but don’t wait

passively. Use this time to educate yourself. Know what kind of investor you want to be. Get pre-approved. Understand the numbers. Watch the builders that are still moving forward – because those are often the ones that know exactly what they’re doing.

This market won’t stay frozen forever. When it shifts, and it will, the buyers who took the time to sharpen their tools today will be the first to act and the first to benefit.

We’ve had the market reset. Now it’s time for the mindset reset.

WEATHERING THE STORM:

WHY REAL ESTATE DOWNTURNS ARE ONLY TEMPORARY

MIKE COLLINS-WILLIAMS

If you’re feeling uneasy about having or taking on a mortgage right now, you’re not alone. We haven’t seen a market dip like this since the early 1990s. But here’s the good news: Downturns don’t last forever, and the rebound always comes.

The real estate market, like all markets, moves in cycles. What rises must eventually fall. But it is important to remember that what falls will rise again. For homeowners, investors and industry professionals navigating the current downturn, this truth can offer reassurance and perspective. Downturns are temporary and recovery is part of the cycle.

It’s understandable to feel uneasy during a market slowdown. Your property value may have dipped. According to Urbanation, “The Greater Toronto Hamilton Area (GTHA) new condominium apartment market produced 502 sales in Q2-2025… activity this year was 91 percent below the 10-year average.” These numbers are striking, but they’re not unprecedented. Real estate has always rebounded, and often with renewed strength. Whether driven by interest rate shifts, inflation or economic tightening, every downturn in recent history has eventually given way to renewed growth.

Look back to 2008, one of the most dramatic real estate downturns in modern memory. Confidence was

shaken. In Canada, home purchases declined about 40 per cent and housing starts fell. Yet within two years, the market began a strong and sustained recovery. By the mid-2010s, markets picked up and, in many cases, soared to record highs. Those who held on or invested wisely during the low were often those who saw the greatest rewards in the rebound.

Real estate is fundamentally tied to the human need for shelter, community and stability. While markets may cool, the underlying value of real estate as a long-term asset remains resilient. For many, downturns offer unique opportunities. For buyers, it may be a chance to enter the market at lower prices and expanded choice. For homeowners, it’s a time to focus on the long-term benefits of ownership – stability,

equity growth and a place to call your own. And for investors, the current market may be the fertile ground from which future gains are made.

Patience is key. Purchasing a home is not about quick wins. It’s a marathon, rather than a sprint. Trust in the history of cycles, in the strength of the market to recover, the value of what you own and the advantages of purchasing in a downturn.

Hold steady. The market will rise again. It always does.

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

THE NEW REALITY OF RENTING:

A MARKET IN MOTION

ELECHIA BARRY-SPROULE

Whether you’re searching for your next home or managing an investment property, understanding rental trends can help you make informed decisions. This quarter’s numbers offer important insights for both renters and landlords.

RENTS ARE TRENDING DOWN

According to TRREB’s Q2 2025 Rental Market Report, average condominium apartment rents in the Greater Toronto Area (GTA) decreased year-over-year for the second consecutive quarter. The average rent for a one-bedroom unit was $2,326, down 5.1 per cent. Two-bedroom units averaged $3,066, representing a 3.5 per cent drop. This shift has created more room for negotiation and improved affordability for many renters.

MORE LISTINGS, MORE LEASES

Rental listings rose to more than 27,000 in Q2 2025, a 16-per-cent increase from the previous year. Leasing activity also grew, with more than 20,000 units rented, a 16.6-percent year-over-year increase. With more inventory on the market, both renters and landlords are seeing greater choice and flexibility.

POPULATION GROWTH MEETS NEW SUPPLY

The GTA continues to experience rapid population growth, especially from newcomers. Many people new to the region choose to rent

before exploring homeownership, which sustains rental demand. At the same time, a wave of condominium completions is adding more investorowned units to the market. These two forces are working together to shape a more balanced landscape.

STEADY TRENDS FOR THE REST OF 2025

TRREB expects these conditions to continue throughout the year. As more investor-held units become available and demand remains strong, renters will continue to benefit from a wider selection of options, while landlords may need to offer more competitive incentives to attract long-term tenants.

USE THE DATA TO YOUR ADVANTAGE

At TRREB, we remain focused on delivering up-to-date market data

that supports smart housing choices. Whether you are considering a move or managing a rental property, keeping an eye on the numbers helps you stay one step ahead.

To read the full Q2 2025 Rental Market Report and explore additional market insights, housing data, and resources, visit trreb.ca.

countertops KITCHEN

THE CENTREPIECE FOR NEW HOMES

by LINDA MAZUR

Kitchens today have moved beyond simple utilitarian spaces to highly stylized, functional and yet comfortable spaces designed not only for entertaining but day-today living. Faced with an abundant selection of colour and finish options, planning for your new kitchen can not only be confusing but stressful as well. Today’s countertops are emerging as the new showpieces for homes everywhere. Kitchen cabinetry, tiles and hardware are taking a more minimalist approach to let these spectacular surfaces take the spotlight. However, this doesn’t mean that your countertop needs to be overly dramatic; perhaps you are looking to have it simply be complementary as opposed to a standout focal point.

We have a wide selection of durable natural and man-made

products from granite, marble and quartz to porcelain, soapstone, concrete and wood, to name a few. Deciding which countertop material to select is entirely dependent on what look you are trying to achieve, how you personally use your space every day, the volume of maintenance you are willing to invest and, naturally, your budget. With advanced technology and new designs regularly hitting the market, there are plenty of options which will not only look gorgeous but add ease and functionality to our lives.

A trend we are loving is large stone slabs with plenty of movement such as variegated patterns with colour and prominent veining, creating an organic, dramatic and customized look for your space. These slabs work well with thin depths and a seamless appearance to create and, while it will

require more time and materials to achieve that seamless look, the result is an absolute showstopper.

Natural granite continues to be a popular countertop choice for homeowners. They are lowmaintenance, durable, long-lasting and mostly budget-friendly, with a wide range of prices varying from mid- to high-end for the premium selections. The same can be said for quartz, which offers a wide range of selections from simple budget-friendly to premium grade options. Marble, one of my personal favourites, is a wonderful and luxurious natural stone. Unfortunately, it tends to not be a front runner in countertop choices as it is a porous stone that requires regular sealing, and can easily stain, scratch and chip. However, if you are prepared for the upkeep, the beautiful natural patina

that develops with usage and age is worth it. There are many lovely quartz choices that can still offer the upscale look of marble but eliminate some of its negatives.

Porcelain is another great option with selections that emulate the beauty of natural stone, wood and concrete. Requiring no maintenance, they are a durable material that is stain and scratch resistant, as well as having high heat-resistant properties. Unfortunately, however, they can also be prone to chips and cracks under intense pressure primarily on the edges.

Soapstone is a lesser-known natural stone which is comparable to marble in style yet superior in durability; wear and tear on the surface lends to the patina and character.

A great option with a bit of a relaxed vibe is wood. Whether it is butcher block or a great piece of reclaimed wood, it adds a warmth and informality to your space. Wood is practical and durable as a work surface and can create a beautiful patina with age. It is a long-lasting material and easy to DIY if you chose to refinish it.

Finally, a unique surface option for modern, industrial to farmhouseinspired kitchens is concrete. Its

customizable in terms of colour and texture, is heat and scratch resistant and is sure to turn heads in your space.

Ultimately, if you are looking to renovate your space, do your research and contemplate what will work best for you in terms of functionality, aesthetics and maintenance. A successful kitchen requires a good balance when it comes to finishes, but it should also make a statement. With careful consideration, your new countertops can become the star of your home.

Tips for selecting your new kitchen countertop:

• Review information about the product you are considering understanding its maintenance needs and durability.

• Work with a professional when considering the edge profile as some may not be as durable as other profiles and some patterns may not be as flattering with certain profiles

• Continuing your countertop for the backsplash can be a nice touch

• When selecting your countertop remember you will be living with it for a long time so make certain you love it.

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

Lighting

by MARIAM ABOUTAAM

AS A DESIGN FOUNDATION, NOT JUST A FINISHING TOUCH

A sculptural glass chandelier for the living room became the centrepiece of our vision

At Kylemore, lighting is never an afterthought, it’s among the first things we plan when designing our model homes. Before drywall is installed or any millwork is produced, we create an electrical plan that addresses both practical and decorative needs for every room. While decorative lighting elements are introduced later in the design process, their placement and purpose are accounted for from the beginning.

We review each room, considering how lighting will function, enhance atmosphere and contribute to the overall aesthetic. In pre-construction, homebuyers are typically offered a standard electrical package, but many Kylemore buyers opt to upgrade, adding more pot lights, dimmers or electrical rough-ins for future chandeliers, wall sconces and pendant fixtures. These upgrades allow for personal expression and future flexibility.

Tip: If you’ve already purchased or selected a light fixture for a specific room in your home, be sure to discuss it with your builder’s design

consultant. They can determine whether the fixture requires additional structural support; something that should be installed before the drywall goes up.

Lighting becomes integral to our design mood boards, where materials such as metal, fabric, glass and even stone are selected to complement cabinetry, furnishings and wall finishes. In one recent model home, a sculptural glass chandelier for the living room became the centrepiece of our vision. Despite a delayed delivery, we waited for the light we chose to arrive as we believed it was irreplaceable and vital to the design.

MAKING EVERY ROOM FEEL JUST RIGHT

Each room presents an opportunity to elevate the experience through lighting. In open concept living and dining areas, a dramatic fixture can unify the space. Dining rooms invite bold statements, for example, long fixtures that span the entire table and command attention. Powder rooms, too, offer a chance to play with finishes, introducing luxurious touches through striking sconces or unique materials like marble. Artwork, when lit from above, can transform the mood of the room it’s featured in.

Bedrooms call for a softer approach. We lean toward dimmable

fixtures that promote rest and relaxation. In bathrooms, we often light vanities with fixtures that provide both function and flair.

LIGHTING THAT TELLS A STORY

Sometimes, a light fixture becomes the final piece that completes a room. When designing a model home, I carry a snapshot of the entire space around in my head, so when I’m shopping for finishing touches, I’m always on the lookout for that perfect item. Whether it’s a floral-inspired pendant over the kitchen island or nature-influenced sconces in the powder room, these details communicate craftsmanship and creativity. Often, they’re happy accidental finds discovered during sourcing, that instantly feel like they were meant to be part of the design, bringing the room to life.

Lighting does more than illuminate; it shapes how a home feels and functions. At Kylemore, we treat it as an essential element that ties every design detail together while allowing homeowners to express their personal style.

COMING UP NEXT… PLANNING YOUR SPACE

In my next column, I’ll be sharing how we approach space planning in model home design.

An award-winning in-house designer, Mariam Aboutaam is Director, Sales and Marketing, Interior Design at Kylemore, Markham, Ont., a builder known for masterplanned communities and luxury homes. kylemoreliving.com.

This powder room features striking light fixtures

Lighting does more than illuminate; it shapes how a home feels and functions

FIND YOUR NEXT HOME

The

BRAMPTON

1. Bristol place 199 Main St, North, Brampton

2. Duo condos Malta ave & Steeles Ave

CALEDON

3. Mayfield Collection 2256 Mayfield Road. Mayfieldcollection.ca

ETOBICOKE

4. Curio Condos 801 The Queensway marlinspring.com

5. Humberwood Heights 50 Humberwood Blvd. tributecommunities.com

6. Arcadia District Bloor & Kipling arcadiadistrict.com

7. Kül Condos 875 The Queensway kulcondos.com

MARKHAM/ UNIONVILLE

8. Panda Markham 8200 Warden Ave. lifetimedevelopments.com

9. Gallery Towers at Downtown Markahm 162 Enterprise Blvd. downtownmarkham.ca

10. Highmount 4077 Hwy. 7 highmountbykingdom.com

MISSISSAUGA

11. Birch at Lakeview Village Lakeshore & Dixie Rd. branthaven.com

12. Artform Condos 86 Dundas St. E. emblemdevcorp.com

13. Exhale Condominiums Lakeshore Rd. East & Dixie Rd. exhalelakeshore.ca

14. Westport 28 Ann Street westportcondos.ca

NORTH YORK

15. Central Park Sheppard Ave. East & Leslie St. amexon.com

16. Yonge City Square 4050 Yonge St. yongecitysquare.com

PICKERING

17. Vupoint Kingston Rd. & Liverpool Rd. tributecommunities.com

OSHAWA

18. U.C. Tower 2425 Simcoe St N,Oshawa tributecommunities.com

TORONTO

19. Lawrence Hill Urban Towns Don Mills & Lawrence lawrencehillurbantowns. com

20. 489 Wellington St. W. 489 Wellington St. W. lifetimedevelopments.com

21. 500 Dupont St. 500 Dupont St. lifetimedevelopments.com

22. Artistry Condos 292 Dundas St. W. tributeartistrycondos.ca

23. Panda Condos Yonge & Dundas. lifetimedevelopments.com

24. 36 Eglinton Ave. W. 36 Eglinton Ave. W. lifetimedevelopments.com

25. Linx Condominiums Danforth & Main tributecommunicties.com

26. Y&S Condos 2161 Yonge St. tributecommunities.com

27. 50 at Wellesley Station

50 Wellesley St. East pureplaza.com

28. No. 1 Yorkville 1 Yorkville Ave. pureplaza.com

29. Theatre District Residences Adelaide & Widmer pureplaza.com

30. Bijou on Bloor 2450 Bloor St. West pureplaza.com

31. The Briar on Avenue 368 Briar Hill Ave. pureplaza.com

32. One Seventy Spadina & Queen St. West pureplaza.com

33. King West & Charlotte King St. West & Charlotte pureplaza.com

34. Forest Hill Private Residences

2 Forest Hill Rd. foresthillresidences.com

35. Oscar Residences 500 Dupont St. W. at Bathurst oscarresidences.com

36. Kingside Residences Kingston Rd. & Danforth altreedevelopments.com

37. Allure Condominiums 250 King St. East emblemdevcorp.com

38. XO Condos King & Dufferin lifetimedevelopments.com

39. 225 Jarvis Street Condos Dundas St. East & Jarvis amexon.com

40. 101 Spadina Spadina & Adelaide 101spadina.com

41. The Residences of Central Park Sheppard Ave. East & Leslie centralparktoronto.com

42. The Dawes at Main Street Danforth & Main St. thedawes.com

43. Birchaus Birchcliffe Village on Kingston Road birchausresidences.com

44. Knotting Hill 4000 Eglington Ave. W knottinghillcondominiums. com

45. Park Avenue Place 1 & 2

Jane St. & Rutherford Rd. solmar.ca

VAUGHAN

FIND YOUR NEXT HOME

The latest properties in the Southwestern Ontario Area to keep your

BURLINGTON

1. Affinity Condos Plains Rd. E. & Filmandale Rd. rosehavenhomes.com

2. Millcroft Towns Appleby Line & Taywood Dr. branthavenmillcroft.com

3. North Shore North Shore Blvd. & Plains Rd. nationalhomes.com

FORT ERIE

4. Discoverie Condos Signature Communities discoveriecondos.ca

HAMILTON

5. 1 Jarvis 1 Jarvis 1jarvis.com

6. The Design District 41 Wilson Street emblemdevcorp.com

7. Corktown 225 John Street South corktown.condos

NIAGARA

REGION

8. Lusso Urban Towns Martindale Rd. & Grapeview Dr. lucchettahomes.com

OAKVILLE

9. The Greenwich Condos at Oakvillage Trafalgar Rd. & Dundas branthaven.com

10. Synergy McCraney St. E. & Sixth Line branthaven.com

11. Upper West Side at Oakvillage 351 Dundas St. E. upperwestsidecondos2.ca

12. Greenwich Condos at Oakvilage Trafalgar Rd. & Dundas St. branthaven.com

13. Villages of Oakpark Dundas & Trafalgar ballantryhomes.com

STONEY CREEK

14. Casa Di Torre 980 Queenston Rd. branthaven.com

15. On The Ridge Lormont Blvd. & Chaumont Drive liveontheridge.ca

START PLANNING NOW FOR YOUR

FALL RENOVATION TO AVOID DELAYS LATER

If you’re thinking about renovating your home this fall, the time to start planning is now. Renovations aren’t something you can rush – from design ideas and budgeting to permits and contractor selection, each stage requires thoughtful preparation to be done right. Starting early allows you to explore your options, develop your vision avoid delays down the road and create a realistic timeline that supports your desired outcome. Whether you are thinking about a more functional kitchen, updating outdated bathrooms or finally tackling that underused basement, a wellplanned approach will help ensure a smoother renovation experience. Begin by determining what your goals are for the renovation and create a description of what you would like to change. Decide what aspects on your wish list are realistic in terms of your budget and timeline and doable in terms of building and space available. Create a complete picture of what is needed by involving everyone in your household. Keep in mind, there are a variety of apps designed to create checklists, develop images and basic floorplans. These are in no way a replacement for professional drawing and designs, but they will help to articulate your ideas to your contractor.

The next step is to hire a professional renovator capable of

guiding you through the renovation process and managing the entire project. This involves finding one who suits your needs, checking references and arranging quotes. While cost is always a key consideration when choosing a renovator, even more important is experience, qualifications, licensing and business practices. Seek a renovator who is a member of the RenoMark program, which is administered nationally by the Canadian Home Builders’ Association and locally in the GTA by BILD. RenoMark renovators are professionals who adhere to a strict code of conduct, always provide written contracts, carry at least $2 million in liability insurance and provide two-year warranties on their work.

Working with a RenoMark renovator assures that you are collaborating with someone who understands the ins and outs of the permit and approvals process, someone who can assess your project to determine what – if any – building permit is necessary and can navigate the application process. They also know when additional professionals, such as architects or structural engineers, are required. Invite RenoMark contractors to your home to review its existing conditions and to discuss your goals.

Once you are comfortable with the design, budget and timeline, your renovator should prepare a detailed written contract that clearly lays out what’s been agreed upon. Don’t skip this step – having a solid contract in place is not just smart, it’s essential. A well-defined and documented scope

of work helps protect both you and your renovator and minimizes the risk of disputes down the line. RenoMark renovators will not start a project without one, and neither should you. The contract should include the full scope of work, total cost, payment schedule, expected completion timeline, product specifications and warranty details.

Now is the time to get the ball rolling on a fall renovation to enhance your home’s livability. Do so with confidence by working with a professional RenoMark renovator. For further details about the program and to find a RenoMark renovator in your area, visit bildgta.com.

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

DAVE WILKES