East TO Backyard Magic

EAST TO A publication brought to you by The Richards Group

Backyard Magic High-low design to create your outdoor oasis

Smooth Selling

How to survive selling, stress free!

Expert Advice

Navigating real estate in the metaverse 1

EastTO Magazine

Spring/Summer 2022

16 EastTO Magazine Backyard Magic Issue #5 Spring/Summer 2022 A publication by The Richards Group 1945 Queen St E Toronto, ON M4L 1H7 416.699.0303

Contents 4

Trust Me, Try This Kate Taylor Martin, founder of nutbar, gives us the scoop on her favourite wellness and holistic nutrition practices

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Smooth Selling Sabrina Cameron shares tips to help you plan for a smooth sale

12 EastTO: Design Refresh Transform your backyard on any budget with our lowmid-high outdoor decor

16 My Neighbourhood Cera Dann finds beauty all around in the East End’s farmers’ markets and flower shops

20 Welcome to Paradise Discover an oasis in your own backyard

24 Discovering a

Beautiful World Get inspired for your next trip!

The TRG team shares pics from their favourite vacations

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therichardsgroup.ca

28 Special Feature Explore waterfront properties in Kawartha Lakes and Peterborough County

30 Virtual Reality Get the lowdown on why buyers are flocking to the metaverse

32 East To Community A local food and drink festival raises funds for Michael Garron Hospital

Editor-In-Chief Selene Richards Advertising selene@therichardsgroup.ca Art direction and design Parcel Design Thank you to our contributors Kate Taylor Martin Sabrina Cameron Bianca Zorzi Cera Dann Lisa Clarke Cameron Levitt

34 Special Feature:

Discover Northumberland Exciting waterfront opportunities in Northumberland

36 What will rising rates mean for GTA housing?

Cameron Levitt shares his market outlook for 2022

Not intended to solicit buyers or sellers currently under contract with a brokerage. Not intended to solicit properties currently for sale.

Editor’s Letter

I

s it me? Or did winter really drag on this year?

I cannot wait for sunny days and warm summer nights spent under twinkling lights enjoying a great meal with good friends.

So we dedicated this edition of East TO to helping you can make the most of your home and get the most of the season ahead. From Cera’s recommended garden shops for bringing the outdoors in – to Bianca’s low-mid-high outdoor furniture and decor picks, this issue will get you summer-ready.

Once you’ve got your outdoor space spruced up, this is the perfect season to warm up those entertaining muscles again. (If they haven’t completely atrophied!) Small talk is a skill I seem to have lost, but that’s okay. If the pandemic has taught us anything, quality time, not quantity time, is the ideal approach to hosting family and friends.

And for those rainy days? We’re here to help you retreat to your very own virtual world. Lisa offers a primer on the metaverse and how to invest in your very own digital dream space.

Many clients ask, what is the selling process like these days? Should we buy first? Not everyone wants their home on the market and

yet others are open to the idea of hosting an open house. But the current market has given sellers a lot more options to sell their homes in the way that best suits their needs.

The great news is that whatever sales approach you choose will yield returns. We have worked with every scenario, from traditional listings to open houses and offer nights to helping clients match with a buyer with minimal intrusion in their day-to-day life. To learn more, check out our feature with Sabrina, who discusses the many ways to take the stress out of selling.

And if you’re curious whether now’s the right time to sell, Cameron shares his perspectives on everything you need to know about changing government regulations and the economic shifts that affect home value.

In the meantime, we hope you can enjoy this edition with your feet up and soaking up some warm sun on your porch!

Still pivoting,

Selene Richards

TheRichardsGroup.ca

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Well-being

Trust me, Try this Your EastTO Spring To-Do List

By Kate Taylor Martin

The founder of nutbar, Leslieville’s organic superfood cafe, Kate Taylor Martin, powers through her day as a small business owner and busy mom of three kids four and under. Finding time for self-care can be a challenge, but Taylor Martin’s daily routine works in plenty of wellness hacks and plant-powered holistic nutrition. We asked about her favourite ways to take herself from hot mess to cool bean.

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My polar bear wake-up routine I’m up at 6 a.m. before my kids wake up, and I’ll start my day with a shower that ends with cold water for two minutes.

It sounds weird, but I feel like I’ve been injected with twenty coffees—it does so much for my energy levels, focus, mood and vitality throughout the day and is a proven immune booster.

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Smooth move Next, I’ll create a beautiful elixir with nutbar’s housemade nut milk. It’s a delicious, creamy, organic mix of cashews, almonds, coconut, sea salt, and a dash of maple syrup, and it contains 30 percent nuts—most boxed nut milks only have about two percent. I’ll add coffee from Pilot Roastery or some Genuine Tea matcha, and nutbar’s cacao adaptogen drink blend called Chill Pill. → nutbar, 899 Queen St E

Well-being

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Brain boosters I also love Canadian-grown functional mushrooms from Rainbo, a company founded by my friend, holistic nutritionist Tonya Papanikolov, and headquartered in Toronto. I’ll add different varieties as tinctures to drinks: chaga for vitality, cordyceps for energy, reishi for stress relief, and lion’s mane for brainpower. → Rainbo, rainbo.com

Good vibes only

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Disconnect & reconnect I like to spend the next half hour screen-free and read a book until my kids wake up, and sometimes I’ll sit on my porch facing Withrow Park and watch the sunrise. On Saturdays from June to October, we’ll hit the farmers’ market and meet people who grow our food and pick up some fresh seasonal veggies, eggs, and maybe handcrafted vegan popsicles from Happy Pops.

After a long day, I’ll head to Chi Junky yoga studio on McGee Street for an engergizing yet restorative class called Chi & Chill. It’s the type of place you can walk into and feel like you’re somewhere completely different like you’ve left the busy world behind. It’s a beautiful, community-focused space that’s very music-forward, and I love the live guitar music. → Chi Junky, 70 McGee St

→ Happy Pops, happypops.ca

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Well-being

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Sleep prep I try to prioritize sleep and get to bed early, but I need a solid wind-down routine at the end of the day. Once the kids go down, I’ll shut down my computer and make some adaptogenic tea from Lake & Oak called Ashwagandha & Chill—the blend of herbs reduces cortisol and inflammation. → Lake & Oak Tea Co., shoplakeandoak.com

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Breathe Easy Then I’ll open a breathwork app called Othership, a company co-founded by my brother Harry that also has a sauna and ice-bath physical space in the west end. Your breath is the quickest way to change your physiology, and you can use it to create a deliberate state shift, whether upwards or downwards. The app has more than 300 guided sessions that you can use at different times—sometimes, when I’m feeling overwhelmed during the day, I’ll do a five-minute reset and feel an instant calm come over me. At bedtime, I’ll do a longer 15-minute wind-down that really sets me up for a good night’s sleep. → Othership, othership.us

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EastTO Magazine

Smooth Selling

N

ancy and Frank Bowman had been in the situation before – a painful move that required an upheaval of their entire lives. So when it came time to sell their beloved Beaches home to relocate to Port Elgin, they knew they needed guidance to make the sales process smooth. Enter Sabrina Cameron from The Richards Group.

Of course, selling a house in any market is never a small task.

The process – more often than not – takes a village of professionals who know the real estate market inside and out.

In the months before listing their own home, located in the highly coveted Woodbine Park development, the Bowmans witnessed the sale of several properties on their street.

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“In each case, they were pushing the upper limits of prices we had seen for our area,” says Frank. “Not only is this a unique area, but our house was also situated on the best street on the far western side with an open view of downtown and the park across the street. We may be biased, but it doesn’t get much better than that!”

Even though the four-bedroom, four-bathroom home was in a great location – and had been recently upgraded with modern amenities, including an electric vehicle charger in the garage – the Bowmans knew firsthand that selling a home is never as easy as you think.

The Richards Group team stepped in to streamline the selling experience from start to finish. “First, we walked through the house from top to bottom with our Design Team,” says Sabrina Cameron, who listed their home.

“Frank and Nancy had done a wonderful job with renovations over the last few years, so the recommendations we made were mainly cosmetic updates that were easy to do, but they made a big impact on potential buyers.”

Once they had agreed on a plan of action, The Richards Group helped the Bowmans coordinate organizing and packing the contents of their home before they had to move.

“Packing is the one aspect of selling and moving that people often think they can do themselves,” says Sabrina.

“While it’s certainly possible to tackle this on your own, the scope of the task is too frequently underestimated.

The investment in packing and moving services is always well spent, and ensures a smooth and painless process for our clients.”

For Nancy and Frank, not having to go through the cumbersome and overwhelming process of packing made all the difference.

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EastTO Magazine

“The emotional connection that people make with a professionally staged house is significant.”

—Sabrina

“Having done a ‘move from hell’ in the past, we initially dreaded going through this process again,” says Nancy.

“But this was a very different experience. The packing and moving team were awesome, and we could split our time between Port Elgin and our other Toronto property while the house was prepared for the market.”

Getting the house ready to ‘wow’ the market resulted in some design enhancements. The light fixtures and paint colours were updated. A contemporary runner was added to the staircase. In the kitchen, the cabinets were sprayed and the backsplash updated to give the home a ‘newer’ look.

Then came staging and property styling.

“Staging is essential, and it’s not an easy process. It requires you to preemptively pack up all – or part of – your home, but it’s well worth it,” says Sabrina. “The emotional connection that people make with a professionally staged house is significant.”

“For the most part, people aren’t looking for a house that just has “good bones” anymore,” adds Sabrina. “They want to feel like they can move in and not have to do anything – and that is where you make the most money.”

As expected, the Bowman’s house made quite the splash when it hit the market and sold within three days. “Of the two main bidding parties, one was a retired couple from Vancouver, and one was a couple with two young children who already lived in the neighbourhood,” says Frank.

“Over the years, we had become quite friendly with the young family beside us, and when they found out we were selling, the kids next door were very concerned about who was going to buy the house. We told them we would try and find a nice family for them, so they would have other kids to play with.”

Nancy noted that the son of the couple who purchased the home is even in the same class as their neighbour’s little girl – making for a serendipitous sale!

“Everything went so smoothly, all because we were in great hands from day one,” says Frank. “Having access to the Richards Group’s network of vetted contractors, packers, stagers, designers, and movers gave us complete peace of mind. The Richards Group made our house even more attractive to buyers. And we didn’t have to do a thing.”

Want to learn more?

Connect with Sabrina today! insidewithsabrina.com

TheRichardsGroup.ca

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Insider Advice

EAST TO:

LowMidHigh

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EastTO Magazine

Our Design and Client Care team’s favourite ways to get the best value for your outdoor oasis.

Insider Advice

Outdoor Seating Low $1,299.99 CANVAS Bala Square Outdoor Patio Sectional Canadian Tire

Mid $8,297 Foss Woven Outdoor Loveseat CB2

High $13,480 Majorca L-Sectional, Restoration Hardware

Low

Planters

High $249 Tanta Indoor/Outdoor Cement Planter CB2

$28.99 Hofland Veranda Plant Stan Toronto Botanical Garden

Mid $165 Ro-Cement Stand Beech Nursery

TheRichardsGroup.ca

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Insider Advice

Pillows

Mid $99 Llano Indoor/Outdoor Pillow Pottery Barn Pottery Barn

High $240 Python Midnight Pillow Fresh Home & Garden

Low $75 Variegated Block Stripe Indoor/Outdoor Pillow West Elm

Fire Pit High $2,195 Element Fire Pit Jardin de Ville

Mid $869 Modeno Nantucket Concrete Firebowl Lowe’s

Low $600 Bond Stone Canyon Round gas fire pit Canadian Tire

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EastTO Magazine

Insider Advice

As with indoor decorating, splurge on high-traffic pieces and save when it comes to more trendbased items.

Lanterns

Low $16 BOZHEN Modern Transparent Glass Oil Lamp Amazon.ca

High Mid $115

$127 (large) Bola Oil Lamps CB2

Flamtastique XS Oil Lamp Finnish Design Shop

TheRichardsGroup.ca

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OUR FOCUS IS DESIGN Hatch Designs projects range from small to large, artisanal to ambitious, and from residential to small commercial, including additions, interior alterations, and green building design.

NEW CONSTRUCTION AND ADDITIONS

3D VISUALIZATION AND PRESENTATION

RENOVATIONS AND STRUCTURAL REDESIGN

CONSTRUCTION CONSULTATION

HatchDesigns.ca 416.333.0941 info@hatchdesigns.ca

PR GABRIEL

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RICHARDS GROUP AND EAST DESIGN HOUSE

MEET MEET THE THE ELMERS ELMERS

Aiden

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THEY'RE THE NEWEST ADDITION TO THE BEACH

The Elmers share a common bond but each have their own unique personalities.

Get to know them at MeetTheElmers.com

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Designed by :

Neighbourhood Stories

My Neighbourhood:

Farmers’ Markets & Florists

T

here is something to be said about summer in Toronto – and it goes beyond the obvious appeal of hot days and long nights after an especially gruelling winter season. Our city comes alive in the summer with a full slate of events, activities, and seasonal businesses worth marking your calendar for as we look to make the most of each sun-soaked week.

Perhaps one of our favourite summer staples is the resurgence of local farmers’ markets and flower shops that are in full bloom this time of year (see what we did there?).

From carefully curated flower arrangements, delicious coffee and treats, artisanal goods and gifts, and fresh, locally-sourced produce and food – seasonal markets pop up in each Toronto neighbourhood every year with something unique to offer.

Whether you’re simply planning to stroll through a market with a coffee in hand on Sunday morning, or you’re after the perfect, aesthetically-pleasing bouquet to brighten up your condo, Toronto’s east-end markets and flower shops will never disappoint. With this in mind, The Richards Group’s Cera Dann has rounded up her favourite spots in East Toronto that are not to be missed this summer.

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Neighbourhood Stories Beauty all around (from top): Leslieville Farmers’ Market, Community fun at Cabbagetown Farmers’ Market, Superb selection at ecostems.

The Leslieville Farmers’ Market Leslieville’s best (not kept) secret, the Leslieville Farmers’ Market runs from May 15th to October every year and offers visitors the bliss of an open-air venue overflowing with farm-fresh goods provided by local vendors.

Located at 150 Greenwood Ave, the Leslieville Farmers’ Market is unique not only because it aims specifically to support small, start-up farms and businesses but because it turns into a party on Sundays with live music.

Residents also note that the market offers a wide range of unique, delicious food, including Jamaican pies, butter chicken wraps, jerk ribs, Mexican coffee, puffball mushroom slices, natural popsicles, wine, and so much more. Not to mention, there is green space surrounding the market, as well as a playground for kids, which makes for a great picnic spot at lunch.

ecostems If you’re into sustainable floral arrangements, look no further.

Toronto’s best eco-friendly florist, ecostems offers shoppers unique, eye-catching designs that use only local, organic, and fair-trade flowers.

Located at 364 King Street East, ecostem’s bespoke bouquets and arrangements are known for being fresh and beautifully wrapped (major aesthetic points). The local shop also offers an expansive selection of potted succulents, air plants and terrariums, which prove to be attractive options for anyone looking for easy-care plants.

With a focus on seasonality, the selection offered by ecostems changes week to week. The beloved east-end flower shop even offers custom-designed floral art pieces, quick delivery, and flower subscriptions for expertly-designed seasonal bouquets, arrangements or orchid plants delivered at regular intervals.

After a long winter, I think we all need to soak in some sunshine, fresh air and greenery! It’s a great way to recover from a winter spent largely inside.

Cera Dann

Cabbagetown Farmers’ Market A Riverdale specialty, the Cabbagetown Farmers’ Market is a beloved neighbourhood staple that runs from June to October on Tuesdays. The markets’ mission is simple but impactful: strengthen and revive the relationship between the vibrant Cabbagetown community and local, sustainable food initiatives.

Notably, the market was designed specifically to provide members of the neighbourhood with an opportunity to reconnect with their sources of food and shop for goods in a more sustainable, healthy manner. With this in mind, the market offers shoppers an impressive selection of organic, fresh produce, bread, baked goods, flowers, pet treats, and so much more.

Cabbagetown Farmers’ Market vendors are known to be especially friendly, knowledgeable and helpful, and the market sits right at the gates of Riverdale farm, which is both highly Instagrammable (if you’re into that sort of thing) and incredibly family-friendly for a summer outing. Some vendors do offer card-readers for purchasing, but we recommend you bring cash to ensure you don’t have to seek out an ATM while visiting.

TheRichardsGroup.ca

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Neighbourhood Stories

Evergreen Garden Market at the Brick Works

Cool, Green & Shady Located on Kingston Road, Cool, Green & Shady offers both a unique name and a unique range of products. The shop is known for its eye-catching, long-lasting floral arrangements – in fact, the team is frequently tapped to curate flowers for TV shows like Global Morning and Rich Bride – Poor Bride. The shop has also been regularly featured in wedding magazines and home decor magazines, as they offer shoppers a lovely curated collection of decor items in addition to flowers.

If you’re a newlywed-to-be, Cool, Green & Shady has everything you need from bouquets to table arrangements, corsages, and boutonnières, but they also provide stunning arrangements for birthdays, anniversaries, corporate functions, holidays, and so much more. Not to mention, their decorative doormats are arguably the best in the city.

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EastTO Magazine

It would be impossible to round up a list of the best markets in the east end of Toronto and not include Evergreen Garden Market at the Brick Works.

The local market and heritage space is bustling with activity and visitors every weekend, as residents make their way through the market and spill onto the surrounding walking paths and greenspace. The space is also a sought-after wedding and event venue which frequently transforms from Toronto’s largest, year-long market to a beautiful event space.

Evergreen Brick Works is an especially popular spot to bring dogs and the entire family, and the market has a little something for everyone with a mindfully curated selection of food, native flowers and plants, home décor, books, contemporary gifts, children’s games and toys, and more from local vendors. In fact, the Evergreen Garden Market is known for carrying Toronto’s widest selection of Ontario native flowers, plants and trees for gardens of all sizes. There is also a restaurant and cafe on-site, lots of (paid) parking, and the surrounding trails often provide glimpses of a wide variety of wildlife and, most importantly, some incredible views of the city.

HOME IS A BEAUTIFUL THING

EAST DESIGN HOUSE

EASTDESIGNHOUSE.COM TheRichardsGroup.ca

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Welcome to Paradise Feed your soul, your family and your friends with a backyard bursting with homegrown food and partyperfect ambiance

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EastTO Magazine

The drinks are on ice, the grill is lit, and you’ve just put your feet up on the chaise lounge. Summer has officially begun, and since the pandemic started, we’ve really got the hang of backyarding—a verb that sums up how we’ve been using our outdoor spaces for everything from WFH to working out, and during lockdowns, as the only venue for safe socializing.

It’s no surprise that consumer spending on all things home and garden has surged over the past two years. Creating your own serene sanctuary has never been more popular, so why not take your outdoor space to the next level this year— by learning to grow your own food, attracting pollinators that boost biodiversity, and making your patio soirées the envy of the block.

Backyard Urban Farm Co. (BUFCO) DIY raised bed

Avling roof-top garden

Room to Grow If you’ve got sun exposure, soil, and a watering can, you can have your own thriving little food garden that supplies you with a steady supply of fresh veggies, fragrant herbs, and bragging rights.

To ensure success, start with the right setup— for beginners, raised beds are your best bet. These square or rectangular wooden frames that you can fill with bagged garden soil provide better drainage, more weed and pest control, and save your lower back from too much bending over.

Toronto’s Backyard Urban Farm Co. (BUFCO) sells easy-to-assemble DIY raised bed kits made from Eastern White Cedar, and offers installation services as well as workshops for budding growers.

If your yard space is tight, think upwards instead of outwards. “There are a lot creative ways to build your growing space vertically,” says Micheline Lalonde, head gardener for Avling brewery and gastropub on Queen St. E., where a 4,000 square foot rooftop farm supplies oats and hops for their beer as well as vegetables and herbs used in chef Eva Chin’s creations. But if you can’t grow on your roof, even a small balcony can work. “You can set up leaning towers of pots, or refurbish old pallets to use as planter boxes,” says Lalonde (for tutorials, check out YouTube).

As for plants, while heirloom tomatoes get more fanfare, the humble potato is a remarkably easy and underrated garden crop. Succulent little new potatoes taste far better freshly harvested than store-bought, and your return on investment is high. “For every potato you plant, you’ll get eight more,” Lalonde says.

Homegrown greens and herbs are another cook’s essential, as it’s far cheaper and easier to snip a few leaves from the yard than to buy them from the grocery store. Avling also uses herbs like sorrel, mint and basil to give their cocktails some intriguing flavours. “I love rosemary infused simple syrup with rose gin and lemon, it gives an earthiness to it without being overpowering,” says Lalonde.

Don’t forget to include some pollinator-friendly native plants among the crops in your minifarm. Plants like echinacea, milkweed, bee balm and sunflowers attract many of Toronto’s 112 species of butterflies and 360 species of native wild bees, which are under threat from habitat loss, pesticides and climate change. Providing them with food and nesting spots helps save them from extinction, and fosters the biodiversity that contributes to healthy ecosystems. With any luck, you’ll even spot Toronto’s official bee—the Bicoloured Agapostemon, a metallic green sweat bee that nests in condo-like communal holes in the ground.

TheRichardsGroup.ca

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HELLO NEIGHBOUR

There’s one set of guests you shouldn’t forget to invite to a garden party—your neighbours. “It’s a bit of a lost art,” says Cleveland.

Drop them a note that says that you’re going to be celebrating. “Even if they decline, it’s good to give them a heads up.”

To stay on your neighbours’ good sides, Cleveland advises to pick a playlist that can’t go wrong. “Motown is always great, along with some yacht rock and maybe some great jazz,” she says. Bring the music volume down by 10:30—and deputize a friend to be in charge of nudging everyone indoors.

Have an alfresco fete With all the pollinators partying in your garden, you might as well invite your friends over, too.

Backyard shindigs work best when they’re casual and cozy, a welcome mood now that we’ve had to downsize our guest lists. “The pandemic has really allowed us to strip away a lot of superfluous pressures,” says Karen Cleveland, Beaches resident and co-author of The New Wedding Book with Michelle Bilodeau. “We’ve re-evaluated what’s really important to have at a gathering, and it no longer needs to be a massive affair.”

A good host always thinks one step ahead of guests, says Cleveland, which means providing plenty of comfortable seating, shade from the sun, and places to set drinks down. If the party extends after dark, keep the ambiance going with simple white globe patio lights, all white candles, and plenty of blankets in case the night

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EastTO Magazine

gets chilly. “Don’t agonize over matchy-matchy tableware, or use anything precious that could get chipped,” she says. “Break out the flea market finds, or use acrylic or melamine dishes.”

Keeping the make-ahead menu super simple cuts down on pre-party stress, and setting up stations for food and drink lets guests serve themselves. “Everyone will want to mingle and catch up, so aim for things you can eat onehanded, like mini sliders or small squares of pizza,” says Cleveland. Set out a giant ice bucket full of beer, and a couple of pitchers of pre-mixed cocktails—why not a batch of Mojito muddled with your homegrown mint, or gin and tonic with lemon and basil. Don’t forget to toast yourselves and your guests for making it through a third pandemic summer—we all deserve to celebrate.

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WE ASKED OUR TEAM:

As the world opens back up, we can’t stop thinking about one thing: travel. For this month’s issue, we asked The Richards Group team to share photos of their most memorable vacation-spots.

Ehsan Majd: “I still can’t get over the bird’s eye view of the stunning famous Blue Lagoon in Ölüdeniz Beach, Turkey!”

DISCOVERING a beautiful world

Selene Richards: “My favourite place to travel is definitely Playa Hermosa, Costa Rica.”

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EastTO Magazine

Arthur Kershaw: “Strolling the beaches of Cayo Coco.”

Cameron Levitt: “I had the most beautiful honeymoon

Bianca Zorzi: “We had so much fun visiting

in Grande Anse Beach, Grenada.”

family in Peggy’s Cove, Nova Scotia!”

Mark Richards: “Playing a few rounds in Mayakoba, Mexico.”

Cera Dann: “Elora Gorge is my favourite recent vacation spot. Perfect way to spend a birthday!”

Bram Goldman: “I’ll never forget the wine tastings in Chile.”

Matt Olinski: “In Canmore, Alberta, I hiked to the summit of Ha Ling Peak.”

TheRichardsGroup.ca

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Jenny Simon: “Montreal is the perfect place to shop, dine, and walk our dog, Dolly.”

Zoe Cook: “When I hiked to see the perfect view of Koh Samui, Thailand!”

Lisa Clarke: “My trip to Hawaii last summer!”

Adrienne Scott: “I loved experiencing the magic of Disney with my children!”

Sabrina Cameron: “Sailing in the Bahamas!”

Matt Foster: “British Columbia was one of the most beautiful

Melissa Dowset-Hooper:

places I’ve ever seen. My family and I loved exploring!”

“My ideal vacation would be spent hiking along the shores of Byron Bay in Australia.”

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EastTO Magazine

C H A R I T Y F O U N D AT I O N

OUR VISION: Inspiring positive social change in our communities, both locally and globally.

OUR MISSION: To improve the lives of those who need it the most, by contributing time and resources towards charitable initiatives.

HALLMARKGIVING.CA Hallmark Giving is a registered non-pro it charity foundation of RE/MAX Hallmark Group of Companies.

Thanks to The Richard’s Group print partner, Proprint Services

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A Buyer’s Time to Shine: Waterfront Properties Your Peterborough County & Kawartha Lakes Specialists

Over the past 2 years the real estate market has continued on a steady incline, with no end in sight. Last year was really challenging for buyers, as we saw selling prices skyrocket and a demand for recreational properties, like we had never seen before. It wasn’t unheard of to see properties booked solid with showings & 20+ offers on offer night, with many waterfront properties selling 200, 500 and even 700 thousand dollars over the listing price!

This Spring we have seen an abundance of inventory for recreational properties, combined with a rise in interest rates and global economics resulting in better opportunities for buyers. So, what does this mean compared to last year?

Less demand for each property, more properties not selling on offer date and being relisted at market value and more properties taking longer to sell. Which in turn, is creating a much more balanced market.

So, if you’re looking to purchase a cottage or waterfront home... this could be the year for you!

Buyers right now are able to take their time, make a list of all their wants and needs for their waterfront property and take the time to find something that will check their boxes. Let’s get you those sunset views and clean shore lines!

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905-626-5538 Info@RealEstateRefreshed.Com EastTO Magazine

Average Sale Price Of Waterfront Homes in Kawartha Lakes & Peterborough County

Jan 2022

$1,385,915

Feb 2022

$1,311,257

March 2022

$1,206,169

April 2022

$1,153,180

$0

$500,000

$1,000,000

$1,500,000

Now Available on MLS:

Lower Buckhorn Island Property With Foot Access - 3 bed, 1bath - 2 hrs from downtown Toronto - 335 ft of shoreline - Excellent swimming, serene island views - Located on Trent Severn Waterway, fabulous boating

95 Acre Hobby Farm, Peterborough County - 4 bed, 2 bath - 2200 sq ft renovated bungalow - 65 Workable Acres - Sunrise & sunset views over the rolling hills

For more information or pricing on either of these properties please call us at 905-626-5538

If you, or someone you know is considering purchasing a cottage or waterfront home in the Kawartha Lakes or Peterborough County have them get in touch with The Real Estate Refreshed Team. As waterfront experts, we are always here to answer any questions, provide advice & make those waterfront dreams become a reality!

We may be biased but waterfront living is the best living!

Stay up to date with our DotLove real estate app:

905-626-5538 Info@RealEstateRefreshed.Com

TheRichardsGroup.ca

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Insider Advice

Virtual Realty Forget Toronto’s next hot neighbourhood. What if your next property investment took place in a virtual world?

With buyers flocking to the metaverse, it’s a close reality.

If all of that sounds like a feverish sci-fi fantasy, consider that one plot of such “land” recently sold for the equivalent of $4.3 million USD. Virtual real estate sales in the so-called metaverse are projected to top $1 billion in 2022, and the value of metaverse properties is expected to grow at a compound annual rate of 31 percent per year over the next six years—that’s three percent more than Toronto’s searing hot market, which saw average home prices soar 28 percent year-over-year for February 2022. magine donning a headset to scope out a parcel If the idea of shelling millions for property that of land for sale in a virtual city where buildings you can’t physically stand on sounds puzzling to —designed by real-life famous architects— you, you’re not alone. “The Jetsons seems more loom over the skyline. Luxury brands, art true to life than this,” says Lisa Clarke, agent with galleries and major investment banks have The Richards Group. “You’re not going to actually set up shop in your neighbourhood. And there’s a live in this virtual world and sit in your virtual 24/7 street party going on, with the avatars of hun- house, but this is going to take the way we interact dreds of thousands of global users milling around to a new level.” and decking themselves out with Nike, Gucci, Fans of the metaverse—meaning a fully realized Burberry and Louis Vuitton accessories bought digital world beyond the one we live in—say it’s via cryptocurrency-backed tokens. hard to underestimate the potential of a totally

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EastTO Magazine

Insider Advice

Going Virtual Interesting in buying a piece of e-real estate? Here’s how to do it.

Fill your crypto wallet

Select your parcel

To buy a plot of virtual land in Decentraland, the largest meta-world, you’ll need the cryptocurrency Ethereum, which you’ll exchange for MANA, the platform’s unique token system.

First, get a crypto wallet like Metamask, an app which allows you to purchase (via credit or debit card) and securely store Ethereum, as well as use it on a number of other blockchain-based platforms.

Right now, 1 ETH is worth about $4 CAD.

To see what plots of land are available and where they’re located, visit Decentraland’s Market (market. decentraland.org). You’ll need a desktop PC or Mac running Chrome, Firefox or Brave (mobile devices are not currently supported). You can buy a single parcel (about 16 metres by 16 metres, starting at the equivalent about $10,000 US) or multiple lots lumped together as an estate. In general, the greater the foot traffic— such as near the Fashion District or Vegas—the more the parcel is worth.

immersive experience of video games, movies, concerts, shopping and even day-to-day social and business interactions. Facebook CEO Mark Zuckerberg is so confident about it that he changed his company’s name to Meta last year, announcing they would be spending the next few years building a seamless, composite universe that will become the new social networking platform, along with developing the technology beyond those clunky headsets to make virtual and augmented reality seem, well, more real. “The metaverse is the next frontier in connecting people,” Zuckerberg said in a letter to shareholders.

Right now, the metaverse is a network of digital worlds with names like Decentraland, Somnium, Horizon, Sandbox and CryptoVoxels, each with a slightly different layout and visual style (mostly reminiscent of Lego-esque games like Minecraft and Roblox, although that may change as graphics capabilities evolve). What they share in common is a commitment to community-first governance— all major decisions are voted on by the user base—and a token economy driven by blockchain technology. Users can buy things like “wearables” for their avatars, pieces of digital art, or parcels of land on a grid system, all as NFTs (non-fungible tokens). Essentially, with each transaction, each item’s unique ownership is recorded right in the code, using the same blockchain that powers cryptocurrency. The most affordable land parcel— about 16 by 16 metres square—goes for the crypto equivalent of about $10,000 US.

As things stand, most of the buyers purchasing metaverse real estate on a large scale are major brands and tech companies seeking a way to reach out to new and younger audiences. With 400 million monthly users, if you include popular gaming platforms like Fortnite, advertising space in the metaverse will be at a premium, and U.S. bank J.P. Morgan has pegged the total metaverse market value at $1 trillion in the next few years.

No wonder Atari, Samsung, Adidas, and Pricewaterhouse Coopers have set up virtual storefronts and HQs along the metaverse’s streets.

“Every brand needs to have a presence in the metaverse,” says Eric Klein, founder and CEO of MetaSpace REIT (MREIT), a virtual real estate investment trust that acquires, mints and leases high-traffic properties in Decentraland and other meta-worlds. “It’s not only about increasing brand awareness—there’s an avenue for monetization through things like digital collectibles. Seventy percent of people in the metaverse are purchasing.”

MREIT hopes to expand their sales network to include over 1,000 realtors working in the virtual market, with even some crossover into traditional real estate. Especially as VR technology improves, there’s potential to revolutionize the way real-life real estate is bought and sold.

“Developers can build virtual prototypes of different units and link back to their website, or an agent can build an NFT replica of one of their listings as a virtual house,” says Klein. “There are so many possibilities beyond traditional marketing.”

Clarke says virtual reality and the metaverse can attract global buyers to Toronto real estate on a much larger scale than ever before. “When I started out, 90 percent of my clients came from open houses,” she says. “Now, almost all buyers scope out their homes online. As realtors, especially during the pandemic, we’ve had to adapt and put ourselves out there on social media instead of meeting potential clients in person.”

The metaverse and VR can not only increase the visibility of agents and listings, it opens up the possibility of doing business with anyone, anywhere in the world. “Within the next five years, the technology will probably reach a point that it could transcend the need to physically show a property,” Clarke says. “You could walk through a space virtually and maybe even touch a surface and see what that stone countertop feels like. It’s not out of the realm of possibility.”

Want to learn more? Connect with Lisa today! insidewithlisa.com

TheRichardsGroup.ca

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EAST TO

Community Michael Garron Hospital’s

East End Eats 32

EastTO Magazine

Musician Gareth Bush

W

hen you think about a community hospital, it’s challenging to find one as beloved as Michael Garron Hospital (MGH). Serving nearly 400,000 individuals in 22 distinct East Toronto neighbourhoods, MGH has devoted its programs to meet the community’s changing needs, making the hospital the heart of the east.

The devotion to MGH has resulted in a rather enviable problem for the hospital: many young East End professionals have sought to volunteer to give back to their neighbourhood hospital but without a clear place to put those donations to work.

So in 2019, George Tory, a member of the Board of Directors with Michael Garron Hospital, along with Shannon Moon, the hospital’s Vice President of Annual Programs, Events and Operations, came up with the unique idea to create the MGH Impact Council. Its mandate is to engage young professionals in fundraising activities supporting MGH. COVID-19 delayed the initial launch of the Impact Council, but the group reconvened in 2021 to develop its first event: East End Eats.

The event includes a tour through the Queen and Broadview area to sample local food and drink pairings with an after-party at the historic Broadview Hotel.

Proceeds from East End Eats support elevated patient care, equipment and programs that benefit all East Enders. From there, hospital staff, nurses, doctors, administration will be invited to submit project ideas, and the Impact Council will choose one to fund.

The Richards Group is proud to be a sponsor of East End Eats.

To join us and the Impact Council in making the East End a healthier, happier community, visit mghf.ca/eastendeats

TheRichardsGroup.ca

33

by Jacqueline Pennington

Discover

SPRING ADVENTURES AWAIT IN THE LAKESIDE COMMUNITIES OF NORTHUMBERLAND Spring is in full bloom and marks the opening of an exciting season filled with outdoor activities and events in the county.

Northumberland is made up of diverse small towns and communities, each with unique farmlands and orchards. We never have a shortage of incredible local produce to choose from.

Situated along the Apple Route on fourteen private acres, 430 Blyth Park Road is a stunning newly constructed home that is sure to impress. An open concept layout features spectacular views of the forest beyond and is the ideal country getaway for those with modern sensibilities.

430 Blyth Park Road, Cramahe

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EastTO Magazine

Spring is the beginning of the festival season. Once in full swing, there is always something going on in the community whether it is the waterfront festival at Cobourg beach, the highland festival in Victoria Square, or the Cultivate festival giving a taste of what Northumberland has to offer.

Perched atop 29 Acres, 5419 Sixth Line offers incredible views of the rolling hills of Northumberland from every vantage point. Step into the great room bathed in sunlight and showcasing a blend of modern design with elevated rustic charm and details.

5419 Sixth Line, Port Hope

There is plenty to explore away from the crowds within the county with an abundance of forest trails and beaches dotted along the shores of Lake Ontario. The hamlet of Grafton is home to the Nawautin Nature Sanctuary a natural wetland trail filled with wildlife.

9633 County Road 2, Cobourg

Just outside of downtown Cobourg this newer construction home offers a lower level in-law suite and the potential to build an additional guest house or granny flat on the property. Only moments from Cobourg Beach, downtown amenities, and the 401 this 3.2 acre property is ideally located for those looking to continue to commute to the city.

It’s time for your new adventure to begin, let’s find your home in Northumberland together. Team Pennington is here to guide you into the right area for your lifestyle and find the property of your dreams.

Visit JacquelinePennington.com for more information on working with Team Pennington and find out how Life’s Better In Northumberland.

JacquelinePennington.com CALL TODAY 905.375.0062

*Based on the number of transactions for Northumberland County TRREB 2020-2022.

TheRichardsGroup.ca

35

Market Review

What will rising rates mean for GTA housing?

The burning question on everyone’s mind is whether the real estate market in Toronto will stay as hot in 2022 as it was in 2021.

Cameron Levitt, agent with The Richards Group, shares his market outlook.

T

he Bank of Canada (BOC) has raised rates to combat high inflation; a 25 basis point hike in March, an additional 50 basis point hike in April and at least 100 bps more are expected within the year.

Influencing housing is not the BOC’s primary motivation when making interest rate decisions — they are more concerned with macroeconomic factors in the Canadian economy like growth, inflation, and employment. That being said, affordability in housing, along with high inflation, is an important narrative in public discourse right now, so it’s naïve to think the BOC is beyond the reach of political pressure to tackle this issue.

They are not raising rates to kill housing, but because they think the economy is running too hot and inflation is too high.

On a basic level, inflation is too high because of a large imbalance between supply and demand for goods and services. In the past 24 months, there has been a massive shift in consumer behavior due to working from home, substantial financial stimulus, a breakdown in global supply chains, bottlenecks in commodity supply, and an active war in Ukraine.

On the economic front here in Canada, however, GDP growth is well above trend, unemployment

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EastTO Magazine

is at record lows, and lockdowns from Covid are a thing of the past. Too much demand is chasing too little supply.

This leads us right to housing. For the past decade in the GTA, fundamental drivers like economic health, population growth, immigration, low rates and demographic shifts have caused an imbalance in supply and demand. While rising rates will curb activity by making borrowing more expensive, we still have a strong economy, huge immigration targets, deeply negative real rates and not enough houses.

That said, rising interest rates are taking effect and inflation is making Canadians tighten their belt. The blistering pace we saw in January and February — when every home sold on offer night with 20 offers for a new record price — was not sustainable nor healthy. In a more normalized environment, key considerations like location and level of renovation become much more important.

Instead of the FOMO-driven “buy anything anywhere” mentality, we witnessed only a few months ago, the thought of potentially lower prices prompts more hesitation and keeps some buyers on the sidelines. The rate of change in interest rates adds to increasing volatility and uncertainty in the buyer’s decision-making process.

Market Review

After substantial price gains in the first quarter, rising rates are flattening growth across the GTA housing market. It’s important to note that this will affect different participants, properties, and neighbourhoods in different ways, depending on the price points, use case and demographics. Some areas like York and Vaughn, which experienced exponential growth in the past years, have already seen stark shifts in activity with more listings, noticeable buyer hesitation and lower sale prices.

In East Toronto, areas like the Beaches and Leslieville will act more like a store of value and will be more insulated from market cooling.

These neighbourhoods have both low turnover and high demand due to location, safety, and community. Homeowners in these areas tend to have high incomes or have lived here for decades, are mortgage-free and unaffected by rising rates.

In addition, the high price point in these areas makes them less accessible for speculators. In 2017, when the mortgage stress test and foreign buyers’ tax regulations were invoked, prices in East Toronto rebounded within the year. In contrast, Suburban areas like Vaughn, York, and Durham took up to three years to return to peak 2017 values.

It’s important to not get too caught up in bearish narratives which are designed to get headlines but instead rely on data driven knowledge about the current market. Families will need to reduce spending as inflation impacts spending, but housing will be one of the last areas for homeowners to cut. Buyers are adjusting budgets to account for higher carrying costs, but that’s not the only factor driving the market. Home price growth has and will continue to subside from the unsustainable pace of January and February, and in some areas values will diminish as rates rise and inventory builds. Market balance is what everyone has been looking for, and the market will inevitably reach equilibrium.

The most important thing to understand is how rising rates will affect your own household.

If you have a mortgage coming for renewal, speak to a mortgage broker now to plan for the future.

If you’re planning a move in 2022, speak to an experienced agent to plan how to best mitigate your risk exposure in a rising interest rate environment.

I am always happy to discuss market trends and what we are seeing on the front lines.

If you have any questions or comments, please feel free to reach out directly at cameron@therichardsgroup.ca.

Want to learn more? Connect with Cam today. insidewithcameron.com

TheRichardsGroup.ca

37

The Richards Group Effect Even in a hot market, The Richards Group earns 10% more for your home in half the time compared to the average TREB agent.

Given that the average price of a home in Toronto’s East End is $1,177,295, choosing The Richards Group could mean an additional $117,729* or more for your home. *Based on TREB 2021 stats E01/E02 combined

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EastTO Magazine

The team that makes it all happen When you work with The Richards Group, you’re backed by an integrated team of realtors, market analysts, design managers, and project planners.

Realtors

Jenny Simon

Sabrina Cameron

Matt Olinski

Cera Dann

Sales Representative

Sales Representative

Sales Representative

Sales Representative

Cameron Levitt

Bram Goldman

Shane Little

Matt Foster

Sales Representative

Sales Representative

Sales Representative

Lisa Clarke

Adrienne Scott

Zoe Cook

Broker

Sales Representative

Sales Assistant

Samantha Davies

Alexandra Orasanu

Bianca Zorzi

Julia Costa

Jacqueline Galang

Design and Client Care Manager

Design and Client Care Manager

Staging and Styling Manager

Design and Client CareAssistant

Design and Client Care Assistant

Sales Representative

Design and Client Care

Management and Marketing

Mark Richards

Selene Richards

Arthur Kershaw

Ehsan Majd

Melissa Dowsett-Cooper

Founder and Team Leader

Business Development and Marketing

Broker of Record

Media Manager

Team Administrator

TheRichardsGroup.ca

39

East Design House Case Study: 225 Kingswood Road

What’s For Sale, Coming Soon and Sold To see all the latest listings, visit TheRichardsGroup.ca and follow us on Instagram @RichardsGroupRemax!

See what’s recently sold, view past listings, and listing data.

EastTOsold.ca

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EastTO Magazine EastTO Magazine

FOR SALE EastTo Magazine Unplugged

1400 Kingston Road #103

1400Kingston103.com

Cera Dann & Sabrina Cameron C 416.569.2372, C 416.879.3116

$929,990

Sales Representatives

cera@therichardsgroup.ca sabrina@therichardsgroup.ca TheRichardsGroup.ca

See more listings at TheRichardsGroup.ca and

@richardsgroupremax

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FOR SALE

41

FOR SALE

1400 Kingston Road #209

42

FOR SALE

1400Kingston209.com

Cera Dann & Sabrina Cameron C 416.569.2372, C 416.879.3116

$949,990

Sales Representatives

cera@therichardsgroup.ca sabrina@therichardsgroup.ca

FOR SALE

1400 Kingston Road #506

1400Kingston506.com

Cera Dann & Sabrina Cameron C 416.569.2372, C 416.879.3116

$749,990

Sales Representatives

See more listings at TheRichardsGroup.ca and

@richardsgroupremax

cera@therichardsgroup.ca sabrina@therichardsgroup.ca FOR SALE

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FOR SALE

15 Lower Jarvis #4002

00 44

COMING FOR SALESOON

15Lowerjarvis4002.com

Lisa Clarke

C 416.526.9772

$2,379,000

Broker

lisa@therichardsgroup.ca

FOR SALE

1 Battenberg Ave

1Battenberg.com

Shane Little

C 416.471.9824

$1,399,000

Sales Representative

shane@therichardsgroup.ca

See more listings at TheRichardsGroup.ca and

@richardsgroupremax

FOR SALE

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FOR SALE

201 Waverley Rd

00 46

COMING FOR SALESOON

201Waverley.com

Matt Olinski

C 416.937. 6293

$1,629,000

Sales Representative

matt@therichardsgroup.ca

FOR SALE

379 Glengarry Ave

379Glengarry.com

Sabrina Cameron

C 416.879.3118

$2,150,000

Sales Representative

sabrina@therichardsgroup.ca TheRichardsGroup.ca

See more listings at TheRichardsGroup.ca and

@richardsgroupremax

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FOR SALE

47

FOR SALE

169 Jones Ave TH3

00 48

COMING FOR SALESOON

169Jonesth3.com

Cera Dann

C 416.569.2372

$899,000

Sales Representative

cera@therichardsgroup.ca

FOR SALE

245 Ferris Rd

245Ferris.com

$799,000

Sabrina Cameron

C 416.879.3118

247 Ferris Rd

247Ferris.com

$799,000

Sales Representative

sabrina@therichardsgroup.ca TheRichardsGroup.ca

See more listings at TheRichardsGroup.ca and

@richardsgroupremax

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FOR SALE

49

FOR SALE

14 Costain Ave

00 50

COMING FOR SALESOON

www.14Costain.com

Matt Olinski

C 416.937.6293

$1,140,000

Sales Representative

matt@therichardsgroup.ca

FOR SALE

1755 Rathburn Rd #30

1755Rathburn30.com

Jenny Simon

C 416.728.2495

$999,900

Sales Representative

jenny@therichardsgroup.ca TheRichardsGroup.ca

See more listings at TheRichardsGroup.ca and

@richardsgroupremax

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FOR SALE

51

FOR SALE

313 Lee Ave

00 52

COMING FOR SALESOON

313Lee.com

Cera Dann

C 416.569.2372

$2,179,000

Sales Representative

cera@therichardsgroup.ca

FOR SALE

447 Logan Ave

447Logan.com

Cera Dann

C 416.569.2372

$1,599,900

Sales Representative

cera@therichardsgroup.ca TheRichardsGroup.ca

See more listings at TheRichardsGroup.ca and

@richardsgroupremax

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FOR SALE

53

COMING SOON

80John2009.com

Bram Golman

197Audrey.com

Cera Dann

C 416.688.2468

Sales Representative

C 416.569.2372

Sales Representative

Cera Dann

50 54

4WheelerAve.com

Lisa Clarke

416.526.9772

Broker

C 416.569.2372

Sales Representative

22Bellefair.com

Mark Richards

116Georgenph103.com

Matt Foster

C 416.981.3212

Sales Representative

C 416.720.0024

Sales Representative

COMING SOON

COMING SOON

116Kingston.com

Shane Little

88Colgate323.com

Shane Little

C 416.471.9824

Sales Representative

C 416.471.9824

Sales Representative

19Woodglen.com

Jenny Simon

C 416.728.2495

Sales Representative

See what’s recently sold, view past listings, and listing data.

EastTOsold.ca TheRichardsGroup.ca

See more listings at TheRichardsGroup.ca and

@richardsgroupremax

55

COMING SOON

55

SOLD

187Brookside.com

52Corley.com

56

SOLD

$1,570,000

Matt Olinski

C 416.937.6293

18% over asking

Sales Representative

matt@therichardsgroup.ca

$1,211,000

Matt Foster

C 416.720.0024

38% over asking

Sales Representative

mattfoster@therichardsgroup.ca

SOLD

48aCrawford.com

50Kingston.com

$983,000

Cera Dann

C 416.569.2372

23% over asking

Sales Representative

cera@therichardsgroup.ca

$1,502,000

Cera Dann

C 416.569.2372

50% over asking

See more listings at TheRichardsGroup.ca and

Sales Representative cera@therichardsgroup.ca

@richardsgroupremax

SOLD

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SOLD

290Berkely.com

73VictoriaPark.com

58

SOLD

$1,750,000

Cameron Levitt

C 416.699.9988

14% over asking

Sales Representative

cameron@therichardsgroup.ca

$2,400,000

Matt Foster

C 416.720.0024

30% over asking

Sales Representative

mattfoster@therichardsgroup.ca

SOLD

445Logan.com

44Queensbury.com

$1,680,012

Cera Dann

C 416.569.2372

5% over asking

Sales Representative

cera@therichardsgroup.ca

$1,475,000

Cera Dann

C 416.569.2372

23% over asking

Sales Representative

cera@therichardsgroup.ca

See more listings at TheRichardsGroup.ca and

@richardsgroupremax

SOLD

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SOLD

28Minto.com

7Hodgelane.com

60

SOLD

$1,210,000

Bram Goldman

C 416.688.2468

34% over asking

Sales Representative

bram@therichardsgroup.ca

$1,310,000

Lisa Clarke

C 416.526.9772

31% over asking

Broker

lisa@therichardsgroup.ca

SOLD

146Eastwood.com

9Valhallablvd.com

Bram Goldman

C 416.688.2468

29% over asking

Sales Representative

bram@therichardsgroup.ca

$1,460,000

Lisa Clarke

C 416.526.9772

Broker

lisa@therichardsgroup.ca

$1,679,000

46% over asking

See more listings at TheRichardsGroup.ca and

@richardsgroupremax

SOLD

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SOLD

1441Queen.com

$1,380,000

Bram Goldman

C 416.688.2468

38% over asking

Sales Representative

bram@therichardsgroup.ca

Search listings like an agent!

SOLD DATA, JUST LISTED AND MORE...

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SOLD

TheRichardsGroup.ca

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