Issuu

Greater Toronto Area Jan. 15–Feb. 12, 2022

Greater Toronto’s Finest NEW HOME GUIDE

PRESENTS

TOWNS & SINGLES

Coming to Newcastle

INSIDE:

SPECIAL REPORT: OUTLOOK 2022

GTA HOME SALES, PRICES REACH RECORD HIGHS IN 2021

At National Homes, we rethink everything, every day. Someone has to be first. That’s why, here at National Homes, we’re committed to continuous innovation. We listen to buyers through programs like focus groups and our YOUprint surveys. We develop sustainable construction programs. We source and test Bright Ideas that make home owners’ lives better. And our holistic design perspective supports physical, mental and emotional wellbeing. We design homes from the inside out. Because, at National, You are the blueprint™ for everything we do.

REGISTER FOR OUR UPCOMING COMMUNITIES MISSISSAUGA - Whitehorn Woods - Townhomes on Britannia Rd. W. BURLINGTON - Midrise Condominium and Townhomes on Plains Road BRAMPTON - DUO Condos - Condominiums on Steeles Ave. W. Register at: DUOcondos.ca

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* Prices and specifications are correct at press time and are subject to change without notice. E.&O.E.

We Build Communities.

We keep community’s requirements closely in mind, explore all different opportunities with our stakeholders and find the best plan for each of our master-planned neighbourhoods. We listen to the communities needs and support non-profit organizations and public facilities. We create neighbourhoods and build homes to make homeowner’s lives better. We build communities.

R E S I D E N T I A L – R E N TA L – C O M M E R C I A L

5 FA B U LO U S C O M M U N I T I E S TO S E L E C T F R O M BEETON

BRAMPTON

FLATOGROUP.COM

CALEDON

DUNDALK

info@flatogroup.com

MARKHAM

See Sales Rep for details. Prices and specifications are subject to change without notice. Rendering is artist’s concept. E. & O.E.

building small town canada. We start with location. We let the land decide what our communities should look like. We create simple yet remarkable amenities to bring families together. That sense of place helps to determine the design and character of each community’s Master Plan. Ask yourself if what you’re looking for is a place to live – or a place to Live Remarkably.

BLUE MOUNTAIN

COLLINGWOOD

CRAIGHURST

HORSESHOE VALLEY

georgiancommunities.ca

PRESENTS

Coming soon to Newcastle A collection of Single Detached homes on 32’, 37’ and 40’ lots. These homes will feature 3 and 4 bedroom designs with single and double car garage options, just minutes to historic downtown Newcastle and Lake Ontario.

Building award-winning communities across the GTA. Richmond Hill, Clearview, Newcastle, Oakville, King City, Cambridge, Nobleton, Markham, Vaughan, Brampton, Bolton, Keswick, Oshawa, Toronto

To learn more about our communities, visit TreasureHill.com

JAN. 15–FEB. 12, 2022

CONTENTS COVER STORY

22 TREASURE HILL PRESENTS BELMONT TOWNS & SINGLES COMING TO NEWCASTLE 8 HOMES Magazine | Jan. 15–Feb. 12, 2022

32 DEPARTMENTS

12 13

HOMES Magazine Online

In The Spotlight GTA sales very strong in November; more news on pages 18 and 19

20 Inside The GTA

42 Legally Speaking What name should you put on the sales agreement?

Municipalities must do their part for housing affordability Municipal reserves should be spent on improving livability and affordability in the GTA

How to understand and separate buyer personas

IN EVERY ISSUE

Personal Finance

34 Real Insight Future realities for residential and commercial markets

Contributors

36 Braestone Estates Final chapter at Braestone Estates bares Georgian hallmarks of heart and soul

39 StateView Homes Looking forward to another year of giving

40 Edgewood Suites Flato’s master-planned project in Dundalk has a strong connection to the community

47 North Region 49 Southwestern Region 54 Maps & Charts for new home communities 64 Index of Advertisers

Branthaven Homes New townhome collections coming soon to Burlington and Brampton

66 Industry Report

The Marketing Edge

Four important steps if buying a home is your New Year’s resolution

Property profile

43 Real Estate Pro

COLUMNS

Western View Awards of Distinction celebrate homebuilding excellence

Special Report Outlook 2022

Home Realty Resources to help with your homebuying homework

Editor’s Note Defying the odds

Dunpar Homes Two luxury townhouse developments help meet “missing middle” demand

CONTRIBUTORS

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

CHIEF REVENUE OFFICER

Jacky Hill jacky.hill@nexthome.ca EXECUTIVE MEDIA CONSULTANT

Michael Rosset

EDITOR-IN-CHIEF – NATIONAL REAL ESTATE

Susan Legge susan.legge@nexthome.ca

EDITOR-IN-CHIEF – GREATER TORONTO AREA

WESTERN VIEW | MIKE COLLINS-WILLIAMS Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.

Wayne Karl wayne.karl@nexthome.ca MANAGING EDITOR

Rise Levy

CONTRIBUTORS

Jesse Abrams, Mike Collins-Williams, Debbie Cosic, Barbara Lawlor, Geoff McOuat, Jason Mercer, Jayson Schwarz, Dave Wilkes 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

SENIOR VICE-PRESIDENT, SALES, NEXTHOME

Hope McLarnon 416.708.7987, hope.mclarnon@nexthome.ca SENIOR MEDIA CONSULTANTS

Amanda Bell 416.830.2911, amanda.bell@nexthome.ca Natalie Chin 416.881.4288, natalie.chin@nexthome.ca VICE-PRESIDENT, MARKETING – GTA

Leanne Speers

SENIOR CLIENT RELATIONS SPECIALIST – GTA

Sonia Presotto

MANAGER CUSTOMER SALES/SERVICE

Marilyn Watling

SALES & MARKETING CO-ORDINATORS

Gary Chilvers, Vi Nguyen

HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA

THE MARKETING EDGE | GEOFF MCOUAT Geoff McOuat is Creative Director, Brand Identity Consultant and Principal at McOuat Partnership, Toronto. mcouatpartnership.com

Josh Rosset DISTRIBUTION

distributionteam@nexthome.ca ACCOUNTING INQUIRIES

accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs

VICE-PRESIDENT, PRODUCTION – GTA

REAL INSIGHT | JASON MERCER Jason Mercer is TRREB’s Chief Market Analyst. His sought-after market analysis helps realtors and their clients understand housing trends and underlying economic drivers in the GTA.

Lisa Kelly

PRODUCTION MANAGER – GTA

Yvonne Poon

GRAPHIC DESIGNER & ASSISTANT MANAGER

Alicesa Pullan

GRAPHIC DESIGNER & PRE-PRESS COORDINATOR

Hannah Yarkony GRAPHIC DESIGNERS

Johannah Lorenzo, Mike Terentiev LEGALLY SPEAKING | JAYSON SCHWARZ Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law Partners LLP. He can be reached by visiting schwarzlaw.ca or by email at info@schwarzlaw.ca or phone at 416.486.2040.

Published by

nexthome.ca

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

10 HOMES Magazine | Jan. 15–Feb. 12, 2022

Advertising Call 1.866.532.2588 ext. 1 for rates and information. Fax: 1.888.861.5038 Circulation Highly targeted, free distribution network aimed at real estate buyers using street level boxes, racking and Toronto Star in-home delivery. Canadian subscriptions 1 year = 13 issues – $70 (inc. HST). Canada Post – Canadian Publications Mail Sales Product Agreement 40065416. Copyright 2022 All rights reserved. All copyright and other intellectual property rights in the contents hereof are the property of NextHome, and not that of the individual client. The customer has purchased the right of reproduction in NextHome and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of NextHome. Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time. Editorial Submissions from interested parties will be considered. Please submit to the editor at editorial@nexthome.ca.

Crafting Distinctive Niche Communities StateView Homes is a different kind of builder fusing innovative design and meticulous craftsmanship with unprecedented customer service to create an exceptional experience for homeowners. But that’s just part of the story. StateView also seeks to inspire hope in people who need it most, whether it’s donating a percentage of every home sold to SickKids, MS4MS or supporting local organizations in the communities they build. Inspiration. It’s at the heart of every StateView home and every StateView community. Live Inspired in a StateView Home. The BOND

Elia Collection

Long Hill Estates Phase 2

Fully Reserved

Coming Soon 57 Modern Townhomes

1 Custom Detached Home Left!

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Now Under Construction

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Book An Appointment (905) 851-1849

Congratulations to our Newest Homeowners!

stateviewhomes.com Renderings are artist’s concepts only. Speciﬁcations are subject to change without notice. E.&O.E.

EDITOR’S NOTE

DEFYING THE ODDS

WAYNE KARL EDITOR-IN-CHIEF HOMES Magazine

EMAIL: wayne.karl@nexthome.ca TWITTER: @WayneKarl

+ get social 12 HOMES Magazine | Jan. 15–Feb. 12, 2022

There’s just no keeping the GTA housing market down. Year in, year out, and into a second year of a pandemic, the numbers – namely sales and price growth – continue to defy the odds and outperform all expectations. The GTA new home market saw continued strong sales in November, the highest for this month in more than two decades, according to the Building Industry and Land Development Association (BILD). Total November new home sales of 5,042 were 29 per cent above the 10-year average. The benchmark price for new single-family homes hit $1.67 million in November, up 33 per cent over the last 12 months. Condominium units, meanwhile, increased 7.8 per cent over this period to $1.08 million. On the resale side, the GTA achieved record highs for both sales and average price, according to the Toronto Regional Real Estate Board. Tight market conditions pushed the average selling price to an all-time high of $1.09 million – up 17.8 per cent compared to the previous record of $929,636 in 2020. These are especially pleasing results for those who already own a home, but they represent formidable challenges for those hoping to buy. “Housing affordability driven by lack of supply has become a critical issue in the GTA with broad societal implications,” says Justin Sherwood, senior vice-president of BILD. “Housing affordability will be a significant issue in the 2022 provincial and municipal elections.” So, how does the year ahead look, given the supply issue, the pandemic, the economy, interest rates and other influences? “My advice to prospective homebuyers is, if you have the means to purchase or invest in real estate, do it,” Lee Piccoli, CEO and founder of Fusion Homes, says in our Special Report: Outlook 2022 beginning on page 28. “In the current market, I recommend buyers take advantage of the low interest rates while they can.” Indeed, research, preparation and purchasing readiness have never been more important. Everything points to that, in a year from now, we’ll again be writing about another record year – though hopefully the pandemic part will be over.

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Q&A DEVELOPMENT

Gold Park sets the bar for luxury homes at Pine Valley Gold Park Homes sets a new standard for luxury with Pine Valley – winner of the 2021 BILD Award for Best Model Home!.

In Conversation With... Kelly Anderson, Sales and Marketing Manager, Silvergate Homes As prospective homebuyers seek out larger homes, more space and greater affordability, Silvergate Homes in the Niagara Region is poised to benefit. Sales and Marketing Manager Kelly Anderson shares her insights.

NEW COMMUNITY INSIGHT

2021 another strong year for new home and condo sales The pandemic, the economy, materials and labour shortages, rising prices… and still, 2021 will go down as a remarkable year for new home and condo sales.

Branthaven honoured with 15 industry awards for Homestead and Upper West Side Condos 2 Branthaven’s Homestead in Mount Hope, Hamilton won 13 awards at the recent 2021 WEHBA Awards of Distinction – and Upper West Side Condos 2 in Oakville won another two. Visit

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ADVICE

What do rising interest rates mean for homebuyers? What might rising interest rates mean for prospective homebuyers? Personal finance expert columnist Jesse Abrams walks you through the possibilities.

nexthome.ca @HOMESMagazine.Ontario

@homesmagazine nexthome.ca 13

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IN THE SPOTLIGHT

GTA NEW HOME SALES VERY STRONG IN NOVEMBER, INVENTORIES CONTINUE TO FALL The GTA new home market saw very strong sales in November, the highest for this month in more than two decades, the Building Industry and Land Development Association (BILD) reports. Total November new home sales of 5,042 were 29 per cent above the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence. Condominium apartments, including units in low-, mediumand highrise buildings, stacked townhouses and loft units, accounted for 4,274 units sold in November, 56 per cent above the 10-year average. It was the strongest performance of condo apartment sales for the month of November since Altus Group started tracking in 2000. Sales of new single-family homes, including detached, linked and semidetached houses and townhouses (excluding stacked townhouses), accounted for 768 units sold in November, which was 33 per cent below the 10-year average. “Housing affordability driven by lack of supply has become a critical issue in the GTA with broad societal implications,” says Justin

Sherwood, BILD’s senior vicepresident. “Housing affordability will be a significant issue in the 2022 provincial and municipal elections. The current supply challenge is a man-made problem, and BILD encourages candidates to bring forward meaningful supply side solutions in their platforms.” “New condominium apartment sales soared to their second strongest month ever,” adds Edward Jegg, analytics team leader at Altus Analytics, Altus Group. “Meanwhile, the new single-family market continues to be plagued by deteriorating affordability with persistent land/lot shortages leading to recurring record monthly prices.” As condominium unit sales outpaced openings in November, remaining inventory decreased compared to the previous month, to 10,200 units. (Remaining inventory includes units in pre-construction projects, in projects currently under construction, and in completed buildings.) This was still well below the 10-year average of 16,000 units and current inventory represents less than four months’ supply. The benchmark price for condominium apartments increased to $1.08

million in November compared to the previous month, up 7.8 per cent over the last 12 months. With new single-family home openings low, remaining inventory for single-family homes saw a very slight increase in November compared to the previous month, to 1,188 units. Inventory for singlefamily homes remains close to historic lows. The tight inventory contributed to another record in the benchmark price for new singlefamily homes, of $1.67 million in November, up 33 per cent over the last 12 months.

NOVEMBER NEW HOME SALES BY MUNICIPALITY Condominium units

Single-family homes

Total

Region

2021

2020

2019

2021

2020

2019

2021

2020

2019

Durham

149

290

260

742

216

409

777

506

Halton

559

474

135

322

117

694

796

208

Peel

577

385

100

249

251

677

339

636

2,438

716

485

2,439

749

2,224

York

551

485

621

272

719

516

823

1,204

1,137

GTA

4,274

1,800

3,577

5,042

3,865

4,711

5,042

3,865

4,711

Toronto

SOURCE: ALTUS GROUP

16 HOMES Magazine | Jan. 15–Feb. 12, 2022

IN THE SPOTLIGHT

GTA HOME SALES AND AVERAGE PRICE REACH RECORD HIGHS IN 2021 The resale market in the GTA continued its torrid pace in 2021, achieving record highs for both sales and average price, according to the Toronto Regional Real Estate Board. A record 121,712 sales were reported through TRREB’s MLS system in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020. Record demand last year was up against a constrained supply of listings, with new listings up by 6.2 per cent – a lesser annual rate than sales. The result was extremely tight market conditions and an all-time high average selling price of $1.09 million – an increase of 17.8 per cent compared to the previous record of $929,636 in 2020. “Despite continuing waves of COVID-19, demand for ownership housing sustained a record pace in 2021,” says TRREB President Kevin Crigger. “Growth in many sectors of the economy supported job creation, especially in positions supporting above-average earnings. Added to this was the fact that borrowing costs remained extremely low. These factors supported not only a continuation in demand for ground-oriented homes, but also a resurgence in the condo segment as well.” One sales trend that stood out in 2021 compared to 2020 was the resurgence in demand for homes in

Toronto. Overall sales in the 416 area code were up by a substantially greater annual rate (36.8 per cent), compared to sales growth for the surrounding GTA suburbs combined (23.6 per cent). The marked recovery in the condominium apartment segment was a key driver of this trend. “Tight market conditions prevailed throughout the GTA and broader Greater Golden Horseshoe in 2021, with a lack of inventory noted across all home types,” says TRREB Chief Market Analyst Jason Mercer. “The result was intense competition between buyers, pushing selling prices up by double digits year-over-year. Looking forward, the only sustainable way to moderate price growth will be to bring on more supply. History has shown that demand-side policies, such as additional taxation on principal

GTA RESALE AVERAGE PRICES, DECEMBER 2021 (YR/YR % CHANGE) 416

905

Total

Detached

$1.69M (14.9)

$1.56M (33.3)

$1.59M (28.8)

Semi-detached

$1.34M (15.7)

$1.10M (33.7)

$1.18M (25.6)

Townhome

$997,208 (18.3)

$994,101 (33.2)

$994,690 (29.4)

Condo

$730,792 (16.8)

$667,269 (23.4)

$711,933 (18.5) SOURCE: TRREB

18 HOMES Magazine | Jan. 15–Feb. 12, 2022

residences, foreign buyers, and small-scale investors, have not been sustainable long-term solutions to housing affordability or supply constraints.” In December, GTA realtors reported 6,031 sales – a strong result historically, but still down by more than 1,000 transactions (-15.7 per cent) compared to the record of 7,154 set in December 2020. Over the same period, new listings were down by 11.9 per cent to 5,174. The MLS Home Price Index Composite benchmark was up by 31.1 per cent year-overyear in December. The average selling price was up by 24.2 per cent annually to $1.15 million. “On February 3, TRREB will release its latest Market Outlook and Year in Review report,” says TRREB CEO John DiMichele. “The report will include survey results and research that will help us navigate 2022 and beyond. The findings will highlight the latest consumer polling on home buying intentions; joint research with the Toronto Region Board of Trade on the future of employment and work; plus an outlook for home sales, listings and pricing over the next year. This will be a must-read report for Members, consumers, housing market watchers, researchers and policymakers.”

IN THE SPOTLIGHT

ENERQUALITY CONFERS 2020 EQ AWARDS After another year of growth and innovation, leaders in the Ontario building industry celebrated and recognized their collective successes, achievements of their peers, and special projects demonstrating the best of homebuilding. Last year was a record one for certifying energy efficient homes, with this year’s additions reaching a total of more than 100,000 homes certified to date as delivering the benefits of the Energy Star label – built more than 15 per cent better than code. Net Zero and Net Zero Ready homes are also contributing to steady growth in energy efficient buildings. In building energy efficient homes to established certifications – including Energy Star, EnerGuide and Net Zero – EnerQuality’s community of builders has helped Ontario homeowners save $258 million in lifetime energy costs, reduce more than one million tonnes of C02e, and shrink greenhouse gas emissions and overall environmental footprint. “Ontario builders are committed to building better and hiring job seekers with transferable skills who are eager to learn on the job is also part of building better,” says Monica Curtis, EnerQuality president and CEO. “By building more efficient homes and hiring a more representative workforce, the province’s construction industry is meeting the twin challenges of environmental sustainability and diversity and inclusion.” In its second year as a virtual event, more than 200 building professionals joined the event online, representing HBAs, municipalities, and more than 100 companies, including homebuilders, architects, engineers, energy advisors, building officials, tradespeople, manufacturers, and product and service providers. This year’s event featured the Innovation Gauntlet – an exciting

pitch session where manufacturers present their new solutions to optimize the high-performance new construction and renovation industry – and attendees voted on the most innovative new solution. “Increasingly, homeowners’ consciousness about their environmental footprint shapes their housing priorities,” says Curtis. “The EQ Awards showcase how the industry is building homes that use less energy, are more comfortable, with better indoor air quality and lower emissions overall. As the market shifts to focus on carbon, we expect to see even more builders certifying their homes and building better than code.” 2020 WINNERS INCLUDE:

• Champion Of the Year: Marc Huminilowycz, Sideroad Communications • Enbridge – Optimum Home: Mattamy Homes • Enbridge – Savings by Design (Affordable): Spotlight Developments Inc. • Enbridge – Savings by Design (Commercial): Drewlo Holdings

• Enbridge – Savings by Design (Residential): Dietrich Homes • Energy Advisor of The Year: Huso Ashimi, Building Knowledge Canada • EnerQuality’s Energy Star For New Homes – Large Volume Builder: Activa • EnerQuality’s Energy Star For New Homes – Mid Volume Builder: Huron Creek Developments • HBA of the Year: Durham Region Home Builders’ Association • Impact Award: Tamarack Homes • Leader of the Year: Susan Cudahy, Enbridge Gas Inc. • Licensed Professional of The Year: Wil Beardmore, Bluewater Energy • Net Zero Builder: Terra View Homes, Hart Village • Ontario Green Builder of The Year – Lowrise: Minto Communities • Ontario Green Builder of The Year – Mid/Highrise: Doug Tarry Ltd. • Product Innovation – Highrise (OBC Part 3): Sageglass, Sageglass Harmony • Rising Star Award: Austin Todd, Evergreen Building Science For a complete list of winners, visit enerquality.ca nexthome.ca 19

#InsidetheGTA by SUSAN LEGGE

GTA

IN2ITION AND FRIENDS

IN2ITION BRINGS JOY TO PEEL REGION In2ition Realty consistently gives back to its community – and 2021 was no different. Last year, the company was introduced to a small but dynamic organization – Peel Children’s Aid Foundation – which supports local children and families in need of life’s basic necessities. Only slightly dampened by the pandemic, In2ition was not permitted to collect physical items and focused on raising as much money as possible from staff, family, builders, broker partners and industry friends. With 100 per cent of the funds raised going toward items for the hundreds of families in need, In2ition CEO and Founder, Debbie Cosic and Orion Real Estate Corp. Broker of Record, Ralph Del Deca, generously committed to matching all donations, and more than $70,000 was collected. in2ition.ca

Mattamy Homes one of the GTA’s top employers for another year Mattamy Homes has once again been named one of Greater Toronto’s Top Employers. Now in its 16th year, the Greater Toronto’s Top Employers competition compares companies and organizations to determine which are the most progressive and forward-thinking in their field. “Being recognized as one of the Greater Toronto Area’s top employers for the fourth time is something really special for us, as the GTA is where it all began for Mattamy, 43 years ago,” says Brad Carr, CEO of Mattamy Homes Canada. The Greater Toronto’s Top Employers competition is an annual project that recognizes employers that have exceptional human resources programs and forward-thinking workplace policies. mattamyhomes.com

RAD Marketing nets big dollars for Habitat for Humanity RAD Marketing, a Toronto-based sales and marketing firm specializing in pre-construction real estate, was thrilled with the success of its year-end fundraiser. Setting a goal to raise $25,000 for Habitat for Humanity GTA, the company 20 HOMES Magazine | Jan. 15–Feb. 12, 2022

was able to collect $110,000. A collective effort between the RAD team, its clients, and RAD Elite Club members, the funds will help provide much-needed affordable housing for lower income families in the region. radmarketing.ca

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COVER STORY

PERFECTLY ORCHESTRATED COMMUNITIES IN DESIGNING NEW HOMES, TREASURE HILL HAS TAKEN CUES FROM A SYMPHONY What makes a Treasure Hill home special is a unique combination of things. Like a symphony, building a community requires the careful orchestration of multiple players and instruments. The creative minds at Treasure Hill are experts in this 22 HOMES Magazine | Jan. 15–Feb. 12, 2022

regard. This homebuilder has gone to great lengths to ensure a harmony of innovative design, fine craftsmanship, and desirable features and finishes. The result has been a solid track record of exceptionally built homes across the GTA and southern Ontario.

Treasure Hill has some exciting releases coming this year. Sutherland in the Township of Clearview is a collection of single homes about 15 minutes south of Collingwood. Known as the gateway to Georgian Bay, it’s just under 45 minutes from

Brampton and less than 30 minutes outside of Barrie. These homes offer residents a chance to enjoy some of the wonderful natural escapes of Ontario year-round, including seasonal activities such as skiing and snowboarding, and boating through the nearby waterways. This community can also appeal to those seeking peaceful beauty in the sweeping views from the lookouts of the trails winding through the region. Sutherland is located in one of the region’s most welcoming small communities known for its historic Edwardian architecture, cosy restaurants, shops and other establishments. Belmont, located in Newcastle, is just moments away from the Lake Ontario waterfront. This community is 30 minutes east of the GTA, with

spacious single-detached and freehold townhomes. It’s a fantastic rural setting where homeowners won’t have to give up modern conveniences – a combination of luxury living and country charm. Another addition to Treasure Hill’s expanding portfolio of communities is Camden Crossing, a collection of townhomes at Leslie and 19th Avenue in Richmond Hill. Located near prestigious schools, shopping and dining, this highly soughtafter location is also just minutes from Hwys. 7, 404 and 407 where residents will enjoy easy access to

the neighbouring communities of Markham, Aurora and Vaughan. Another one of the crown jewels of Treasure Hill’s 2022 releases is Eversley Estates in King City. Set amongst the rolling hills of the Oak Ridges Moraine, these elegant singledetached homes occupy some of the most prized real estate in the GTA. They’re moments away from verdant parks and trails, fine and casual dining, golf courses, small shops and much more. For urban offerings, there are a few remaining units at Charbonnel, an award-winning collection of nexthome.ca 23

luxury townhomes on Avenue Road in Toronto. These homes are crafted to fit the image of one of Toronto’s most posh neighbourhoods, with grand architecture and thoughtful, contemporary interiors. Rosedale, Summerhill, Davisville and Yorkville are all nearby, where homebuyers can enjoy the upscale cafes, artisan bakeries, museums, galleries and restaurants. Treasure Hill is coming back to North Oakville with a collection of contemporary townhomes with three- and four-bedroom designs. This offering is located on the north side of Dundas Street West just west of Neyagawa, minutes away from the new Oakville Hospital, parks, Sixteen Mile Creek and the 407. All these communities feature the hallmarks of Treasure Hill homes: Expansive layouts, spacious bedrooms, high-end appliances, spa-inspired master ensuites,

24 HOMES Magazine | Jan. 15–Feb. 12, 2022

rich material selection and refined craftsmanship. These homes will also come equipped with Treasure Hill’s Genius offering, a series of smart home features to manage security, appliances and utilities from some of the top brands in the market today. Designed to enhance connectivity, couture and conservation, Genius not only makes life in a Treasure Hill home more convenient, but more energy efficient, with purer air and water. With Genius, Treasure Hill has shifted the expectations around what should come standard in every new home. Treasure Hill’s world-class, 5,000-sq.-ft. design studio also offers a bespoke experience for each homeowner to customize their home. From flooring in a wide variety of hardwoods, ceramics and other upscale materials, to Caesarstone quartz countertops which offer a tremendous selection of colours

and patterns, and last through years of heavy use without staining or scratching, to all the finishing details, including cabinetry, plumbing and light fixtures, hardware, backsplashes, decorative accents and more. With Treasure Hill’s innovative designs and fine craftsmanship together with their caring sales and service teams, they have everything it takes to elevate your homebuying experience and garner your trust and confidence. Treasure Hill’s high standards and quality product are sought after by discerning buyers who appreciate this industry-leading builder’s carefully orchestrated new construction homes. Registration is now open for many of Treasure Hill’s communities, giving you access to new releases and information as it comes available. Visit treasurehill.com

ADVICE | THE MARKETING EDGE

BUYER PERSONAS AND HOW TO SEPARATE PRINCE CHARLES FROM OZZY OSBORNE

GEOFF McOUAT

Prince Charles

Ozzy Osborne

• Male

• Born in 1948

• Raised in the UK

• Married twice

• Lives in a castle • Lives in a castle • Wealthy and famous

• Wealthy and famous

customer for specific product. It’s a powerful way of understanding the needs of, and creating content for, a precise part of your market. For every community, there are likely different personas, simply because of range of product. Even within each product type, there will be different types of buyers, and they need their own message. A good buyer persona dives into what makes them tick, what problems they are solving, and what is driving their decision to buy. In most cases, the decision to buy is prompted by life changes. Think marriage, children, divorce, job changes, children leaving home, retirement and, of course, running through it all, investment. FIVE STEPS TO BUILDING

Same profile, very different people. Yes, understanding demographics is an important way to start building your marketing plan, but if that’s all you’re doing, then you’re not spending your resources properly, and you could end up saying the wrong thing to a large part of your audience. In marketing, you don’t reach anyone if you’re trying to reach everyone. Different groups with similar interests need different content on different platforms. That’s what buyer personas are all about. They help you create marketing that says the right thing to the right people, on a platform where they are actually engaged. Is a buyer persona the same as a target market? Yes and no. One is general, and the other is very specific. A target market is the particular group of buyers you are aiming your project at. A buyer persona is a fictional image of your ideal

BETTER BUYER PERSONAS

Step one: Do your research. Use Statistics Canada, Environics, focus groups, online questionnaires, and even talk to people in the local coffee shop. You need insights before you can develop your strategy. Get to know your neighbourhood and the people who live there if you want to understand who would be interested in joining them. If you’re selling castles, both Charles and Ozzy would be your demographic. Step two: Decide which life changes will be the ones driving people to this product. Not all neighbourhoods have a starter market. Not all condos are the answer for a growing family. Your project will have its own unique appeal, so use insights from your research to get a clear understanding of why buyers would choose you. Determine what your differences are and how you meet their needs.

Step three: If it looks like a dating profile, you’re not going deep enough – though if you have a waterfront project, liking “long walks on the beach” would be a plus. The goal is to understand the hopes, dreams and fears of your buyer’s persona. This is where Charles and Ozzy start to diverge. We have to assume that The Prince of Darkness and the Prince of Wales have different aspirations. Step four: Use your emotional intelligence. It’s not just a logical decision. If your project is in their wheelhouse, then imagine what will make them fall in love with your offering. Step five: Choose the right channel to speak to each buyer persona. Movedown buyers won’t likely be on TikTok. Gen Z stays far away from Facebook. You need to speak to them where they are, in a way that’s appropriate for the medium. And remember that certain types of messages have more impact in different media or on different sites, so use the right tone for the channel. To put it all in perspective, if you were meeting either Prince Charles or Ozzy, you would likely dress differently for the occasion, and the conversation would have a different tone. They’re both into metal, it’s just that for one, heavy metal means a crown. Geoff McOuat is Creative Director, Brand Identity Consultant and Principal at McOuat Partnership, Toronto. mcouatpartnership.com

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ADVICE | PERSONAL FINANCE

4 IMPORTANT STEPS IF BUYING A HOME IS YOUR NEW YEAR’S RESOLUTION

JESSE ABRAMS

get pre-approved to lock in low rates before they increase. UNDERSTAND ALL THE COSTS INVOLVED

Now that we’ve turned the calendar into 2022, you may have some resolutions you want to make for the new year ahead. If buying a new home happens to be on this list, there are many factors to consider, especially with rates expected to increase over the next two years. To ensure you’re prepared, here are four key steps to navigate the homebuying process with ease. GET PRE-APPROVED FOR A MORTGAGE

Mortgage pre-approval is a great first step for any homebuyer, as it helps you understand what you can afford right from the start. It gives you a clear budget to work with, as it gives you the best idea of your affordability and simplifies the home search by narrowing the neighbourhoods you’re able to buy in. Also, once you know how much you qualify for, you can begin planning out what your monthly payments will be, along with other household expenses. A pre-approval is essentially a commitment from your lender to hold a rate and mortgage for you, for up to four months. If you buy a home within that four-month period, this pre-approval can turn into a mortgage approval if you continue to meet the lender’s requirements. With rates expected to rise, getting pre-approved is a good way to lock in a lower rate while you can. Here at Homewise, we’ve been seeing many prospective buyers moving quickly to

Homebuyers often get so caught up with saving for their down payment that they forget about the other costs associated with their home purchase. Closing costs, such as home inspection, appraisal fees and land transfer tax can add up and may impact overall affordability. Not to mention, once you own the home, you’ll be responsible for paying carrying costs, including property taxes and home insurance. With all of this in mind, it’s important to consider these expenses ahead of time so you can create a realistic budget and step into homeownership without any financial stress. KEEP AN EYE ON YOUR CREDIT

The holidays can bring out the big spender in all of us, but if you’re planning to buy a home soon, it’s important to spend wisely – even after you’ve been pre-approved. Make an effort to limit your credit card usage to ensure your credit score isn’t negatively impacted until you’ve been given the full stamp of mortgage approval. Your credit score is a key factor that lenders use to measure risk on your mortgage application, so having high levels of debt can significantly impact your chances of locking in a mortgage.

common for most Canadians to run straight to their bank to secure a mortgage without considering any other avenues. Fortunately, there are other options beyond the bank, such as credit unions and monoline lenders that have grown in popularity because they offer competitive products, as well as lower rates and penalties. At the end of the day, you’ll want to find a mortgage that best suits your needs over the long term. That’s why having a good understanding of what’s available in the marketplace is essential to help you make the right decision. At Homewise, we are always surprised how many clients come to us with offers from their bank that we are not only able to beat, but we also provide a lot of transparency into what the mortgage options mean, both in the short- and long-term, based on key features. The start to a new year is always an exciting time – mix in a new home purchase and it’s one you’ll remember forever. To make the most of this experience, be diligent from the very beginning by educating yourself on the homebuying process and understanding what’s involved before you take the plunge. Your future self will thank you for it.

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

SHOP AROUND

When it comes to buying anything, it’s always a good idea to shop around to find the best option; that goes for your mortgage, too. It’s very

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SPECIAL REPORT | OUTLOOK 2022

POISED TO BE ANOTHER STRONG YEAR FOR GTA REAL ESTATE By WAyNE KARl

A year ago when we were preparing our Outlook 2021 coverage, we – and virtually all of the sources we quoted in our report – were beyond surprised at how well the previous year had finished, and how strong the market looked for 2021. RBC went as far as to call 2020 “easily the most surprising year in the history of Canada’s housing market.” During a pandemic. Well, here we are again, and the outlook for 2022 is for – if you can believe it – more of the same. “I continue to be shocked by how hot the new home and condo market has been over the past 18 months,” Ben Myers, president of Bullpen Research & Consulting Inc., told HOMES. Indeed, as our coverage elsewhere in this issue and within this Special Report: Outlook 2022 illustrates, the economy and housing markets in the GTA and surrounding areas continue to defy the odds and perform remarkably. 28 HOMES Magazine | Jan. 15–Feb. 12, 2022

Also hard to believe is that it’s all happening – unfortunately, still – during an ongoing pandemic. The new home and resale markets continue to perform at staggering numbers, the challenges of COVID notwithstanding. The market challenges, whether brought on by COVID, policy or supply chain issues, are not to be overlooked. They are serious, but that further speaks to the strength and resilience of the GTA. Here’s a number of considerations as to why 2022 is poised to be another strong year for GTA real estate – with expert commentary – and some of the challenges to be aware of. HOUSING AS AN ELECTION ISSUE

The federal election last September proved that housing has rightly become a major concern. All kinds of major bodies, from realty firms to builder associations to

economists, have long driven home the point that the issue – lack of supply and deteriorating affordability – needs serious attention. Prime Minister Justin Trudeau can no longer ignore the facts, and the Liberals put forth a number of programs to address the matter. Now comes the opportunity to make the point at the provincial level, on June 2, and in municipal elections, on Oct. 24. “In the GTA, with housing inventories at near-historic lows, high demand for homes and rapid price escalation, housing supply and affordability will rank alongside COVID-19 recovery as defining election issues,” Dave Wilkes, president and CEO of the Building Industry and Land Development Association (BILD) told HOMES Magazine. “Insufficient housing supply exacerbates inequality, places a drag on economic growth and threatens the collective quality of life in the economic heartland of Canada.” The broad consensus is that lack of housing supply is driving the GTA’s affordability challenge. The causes of the supply dilemma are multifactorial and complex, but are rooted in constrained land supply, lengthy building times driven by unnecessarily complicated and bureaucratic approval processes and a tight supply of skilled labour. Any long-term solution must be firmly rooted in supply, rather than the tax-and-restrict approaches of trying to cool demand for housing, Wilkes says. Past attempts to cool demand have had short-term, muted impacts at best and created more, not less, burdens for prospective newhome buyers. “Now that we’re in 2022, we should be wary of anyone who claims that adding taxes or other restrictions will increase affordability. Instead, we must be looking for solutions that will increase housing supply by addressing the root causes of land supply constraints and approval times.

CONTINUING MARKET DEMAND Toronto continues to be the most livable and opportunistic city in Canada, and a record-high federal target of immigrants are likely to make the city their home in 2022-23. The demand for housing will continue to outpace the supply side of the equation. While the general sentiment for interest rates will be hawkish, in order to combat inflation, we expect that any practical schedule of increases shall not derail the fragile economy, and the returning of employment level shall help to cope with logisticdriven inflation. Also, although the global outlook for COVID may be uncertain, the high vaccination rate in the city is important, and any necessary lockdowns in the province should be more short-lived than previous ones.

SUNNY BAO Lead Project Manager Aoyuan International (Eastern Canada)

EVER-INCREASING POPULATION Projecting the real estate market across the GTA in 2022, from the construction point of view, we foresee a continued strong market — especially for grade-related, single-family homes. One of the greatest challenges will be delivering completed homes under construction because of the shortages in the supply of building materials, as well as a real labour shortage. High schools need to encourage more qualified students to go into the trades, which provide a good career path for them and fill a desperate need for trades. With ever-increasing population growth across the GTA and the corresponding need for places to live, builders also continue to be challenged by the sclerotic and complex municipal review process, which can go on for years and prevent a builder from proceeding to construction and providing much-needed homes.

LUKE JOhNSTON Executive Vice-President of Development and General Counsel Dunpar Homes

PREPARE FOR RISING INTEREST RATES

A number of experts foresee multiple interest rate hikes in 2022, in part to tame rapid home price growth and inflation, and to quell any market instability in the market due to COVID. “Fixed rates have already increased by close to a percentage in the last six months,” says Jesse Abrams, cofounder and CEO of Homewise. “So, looking into 2022, we may see slight increases to fixed rates, and up to a oneper-cent increase to variable rates, if the prognosticators are correct. This is a good time to lock into a fixed rate if you are comfortable with it. “With home prices rising at uncontrollable levels, rate hikes are an immediate way to attempt to stabilize the market. So, if I were a betting man, I would expect three to four increases in 2022.” The next rate announcement from the Bank of Canada is Jan. 26. THE RESILIENCE OF THE GTA ECONOMY

A strong economy, and the underlying fundamentals, are everything when it comes to real estate and the demand

PRESSURE ON PRICES Flato continues to see high demand for the homes we are building in various communities in Ontario. We recently advertised a new phase of detached homes, and sold out in just one day. This shows a continued appetite for new homes, even as prices continue to rise. There is a high demand for more space and being part of a growing community. Demand for housing continues to outstrip supply, and we don’t see this ending soon. We expect immigration will rebound in 2022, further driving demand. Continuing supply chain issues in 2022, due mainly to COVID and the new variants, will increase pressure on both materials and labour. Flato, however, is well prepared, and we are still closing homes on schedule. Flato does see an increasing interest rate environment in 2022. However, we don’t think that there will be major increases.

ShAUN LEVY Vice President, Finance and Operations Flato Developments

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LONG-TERM VIEW In assessing the outlook for 2022, I think about the different scenarios that could unfold and filter our opportunities through them. Top of my list is how the central banks will choose to respond to the current inflation threat – whether they keep the status quo, or interest rates rise quicker than anticipated. My advice to prospective homebuyers is, if you have the means to purchase or invest in real estate, do it. In the current market, I recommend buyers take advantage of the low interest rates while they can. However, the decision to buy or invest in real estate should be a longterm one – never buy to make money in the short-term. I suggest always handling this decision with care, and being prepared if there were to be potential spikes in rates or unexpected changes in the economy.

LEE PICCOLI CEO & Founder Fusion Homes

RESEARCh AND PREPARATION One thing we’ve learned during the past two years is to be flexible, not only with many aspects of life, but including major purchases. With the introduction of hybrid work programs for many, and a shift of life priorities, some find themselves looking for a new home to suit lifestyle changes with a re-prioritization of amenities within and around the home. With extremely low new lowrise home inventory available, it’s become harder to realize the dream of new home ownership. With a continued shortage of new home inventory expected through 2022, buyers who are flexible with their homebuying choices may experience a more favourable outcome. To make sure you are well positioned to purchase, be prepared. Know what you want in a new home, and more importantly, what you’re willing to compromise on. Speak with your lender to confirm what you can afford prior to researching online, visiting sales offices or booking showings. Albeit mortgage rates are anticipated to rise next year, rates remain exceptionally low, and there will continue to be purchase opportunities available. With a well-researched plan, and some flexibility built in, when you find the right home, being prepared will allow you to act quickly and with confidence.

STEPhANIE LANE Director, Sales & Marketing Geranium

ONGOING APPETITE We have a very optimistic outlook for 2022, despite the ongoing and ever-changing measures related to COVID. Our community development and homebuilding focus remains in our own backyard – the Simcoe and Grey County regions. These areas continue to defy market expectations, as people from the GTA find the prospect of comparably more affordable real estate coupled with a more relaxed and enriched lifestyle. The imbalance of housing supply and the ongoing appetite for homeownership will likely continue to push home prices higher. Although indicators suggest mortgage interest rates will rise, other economic factors, such as a strong job market and wage growth, will likely offset any real market cooling.

MIKE PARKER Vice-President, Sales & Marketing Georgian Communities 30 HOMES Magazine | Jan. 15–Feb. 12, 2022

for housing. Economic growth produces job opportunities, which leads to population growth, housing demand and new home development. And though it may surprise you, during the pandemic, the economy here has continued to roar along. In fact, according to the Fraser Institute, an independent, Canadian public policy think-tank, job growth in the GTA exceeds the national average. Other parts of Ontario are a little more challenged. “Given the sheer size of the Greater Toronto Area and surrounding communities, it is easy to miss the economic challenges faced by many other parts of Ontario when looking at province-wide economic statistics,” says Ben Eisen, senior fellow at the Fraser Institute. In the context of real estate, the GTA continues to be a high performer. “Investors continue to seek out opportunities in smaller municipalities, and developers are offering more Toronto-style developments in the 905 and even the 519 areas – very small units, lots of amenities and high-quality interiors,” says Myers. “Increases in construction materials and labour, government fees and new planning requirements continue to push up costs at an unprecedented level, leading new condo prices to rise faster than resale pricing. This will ultimately result in a reduction in purchases by investors that intend to hold shorter-term.” Smaller developers may push back their launches until there is more certainty and stability in terms of construction cost inflation, Myers says, and the Omicron variant may temper some of the 2021 enthusiasm by investors. Lastly, so much product came to market in 2021, that there is not as much in the pipeline for 2022, as many developers concentrate on finishing their existing projects and not stretching themselves too thin. Bullpen is forecasting a sales year closer to the 10-year average, but continued price growth in the range of four to seven per cent annually. THE STRENGTH OF ONTARIO REAL ESTATE

Home price growth in expected to continue in Canada this year, with Ontario leading the way. According to the 2022 Canadian Housing Market Outlook Report from ReMax Canada, average residential sales prices across the country will rise 9.2 per cent, thanks largely to the ongoing housing supply shortage, interprovincial migration and other factors.

“The inter-provincial relocation trend that we began to see in the summer of 2020 still remains very strong and is expected to continue into 2022,” says Christopher Alexander, president, ReMax Canada. “Less dense cities and neighbourhoods offer buyers the prospect of greater affordability, along with livability factors such as more space. In order for these regions to retain these appealing qualities and their relative market balance, housing supply needs to be added. Without more homes and in the face of rising demand, there’s potential for conditions in these regions to shift further.” Despite the global pandemic, many Canadians still feel confident in the real estate market. According to a Leger survey conducted on behalf of ReMax Canada, 49 per cent of Canadians believe real estate will remain one of their best investment options in 2022. Additionally, 49 per cent of Canadians are confident the market will remain steady next year.

Market activity across Ontario is expected to remain steady in 2022, with continued average price growth, although at widely varying degrees. ReMax anticipates average sale price increases in smaller markets such as Collingwood/Georgian Bay (10 per cent) and Muskoka (20 per cent) to be driven by the move-over trend. In larger markets, such as Durham (seven per cent), Brampton (eight per cent), Toronto (10 per cent) and Mississauga (14 per cent), the key driver is likely to be immigration.

HOTTEST MARKETS IN ONTARIO BY FORECAST 2022 AVERAGE PRICE GROWTH $624,464 $1.06M $784,054 $770,000 $1.01M $689,648 $1.27M $1.05M

2022 price estimate $749,356 $1.24M $909,502 $885,500 $1.150M $786,198 $1.40M $1.16M

% increase estimate 21/22 20 17 16 15 14 14 10 10

$685,298

$753,827

$633,700

$697,070

$859,224

$940,850

9.5

$1.08M $1.57M $914,548 $785,607

$1.17M $1.69M $978,566 $832,743

8 7.5 7 6

MARKET

2021 price

Muskoka Burlington Hamilton Barrie Mississauga Niagara York Region Toronto Peterborough/ Kawartha London Collingwood/ Georgian Bay Brampton Oakville Durham Region Kitchener-Waterloo

Source: reMax 2022 canadian HouSing Market outlook report

hOMEBUYER FOCUS

REMARKABLE ADAPTABILITY

National Homes has always focused on the wants and needs of our customers, above all else. Moving into 2022, listening to homebuyers is more important than ever. We intend to learn exactly what modern families look for in a new home, and a new community.

The new home market performed remarkably well in 2019, 2020 and 2021 despite all the challenges we faced, which is a tribute to the adaptability of this industry. This year promises to also be great, for several reasons. The fact that demand exceeds supply in the GTA is still a large factor in sales. With strong immigration expected on an ongoing basis, that scenario will continue for the foreseeable future. Even if interest rates rise, they will still be historically low — a fact that has enabled people to buy who might not otherwise be able.

For example, to address the affordability issues in the GTA, some of the townhome designs at National’s upcoming Whitehorn Woods community in Mississauga will include the potential for a future rental unit within the home. Not only does this offer an incredible investment opportunity, but also helps to offset mortgage payments. For many years now, the industry has run into issues with the supply chain and increasing demand. We believe that by implementing new technologies across the GTA, we can increase efficiency to help ease the pressure on the supply chain and streamline the homebuilding process. When it comes to demand, National Homes has embraced gentle density through existing and upcoming townhome communities. In partnership with Brixen Developments, DUO Condos coming to Brampton in early 2022 adds high density to National’s repertoire, while working to meet rising real estate demands.

All our StateView communities were fully reserved in 2021, including The Enclave in Kleinburg, which won two BIlD Awards, as well as two marketing awards at the Nationals. In 2022, we will go on sale with Elia Collection near the intersection of Muriel and Gorham Streets in Newmarket. This enclave of just 57 traditional and urban townhomes in three styles will be ideal for families and empty nesters. We have other communities coming as well, and we look forward to another exciting year.

JULIAN UCCELLO President of Sales StateView Homes

DEENA PANTALONE Managing Partner National Homes

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BUILDER PROFILE | BURLINGTON & BRAMPTON

Modern elegance in Millcroft

BRANTHAVEN’S NEW TOWNHOME COLLECTIONS COMING SOON: THE LOCATIONS, LUXURY AND LIFESTYLE YOU WANT What’s new and noteworthy for 2022? The opportunity to be a part of Branthaven’s exclusive new release of townhomes in Burlington and Brampton. “Early 2022, we will offer discerning new-home buyers not one, but two unparalleled luxury townhome collections in two unparalleled new community settings,” says Steve Stipsits, president of Branthaven. “Queens Lane, Brampton will feature our limited release of new traditional townhomes with a naturally stunning ravine backdrop. And in Burlington, we will debut our distinctive Millcroft Towns – modern luxury townhomes in Burlington’s coveted Millcroft community.” Both of Branthaven’s distinctive new townhome collections have been crafted to celebrate their unique natural surroundings and further showcase Branthaven’s awardwinning reputation for architectural integrity, design-forward interiors and attainable luxury living. 32 HOMES Magazine | Jan. 15–Feb. 12, 2022

QUEENS LANE – WHERE A RAVINE LOCATION REIGNS

Early in 2022 will be Branthaven’s first release at the highly sought-after Queens Lane, an intimate collection of three-storey townhomes nestled in the charming heritage hamlet of Huttonville, where southwest Brampton meets Mississauga. “Queens Lane is a one-of-akind opportunity,” says Stipsits. “Surrounded on three sides by oldgrowth forest, adjacent to Lionhead Golf Course and Huttonville Creek, this secluded ravine setting with its lushly landscaped entry features, distinctive stone pillars and private lane will culminate in a cul-de-sac parkette for the exclusive use of residents and their guests. It will be a very special place – a rare gem within a rich natural landscape yet close to all the nearby amenities of Mississauga and Brampton.” Queens Lane’s classic Englishinspired architecture offers two elevation types for a diverse

streetscape. The Crown and Kingsway collections will boast brick and stone elevations, authentic architectural details and curated colour palettes ensuring timeless character and enduring value. Townhomes will offer openconcept layouts ranging in size from 1,780 to 2,190 sq. ft. and feature expansive living spaces, gourmet kitchens, generous sized primary suites and family-friendly bedrooms and bathrooms. Elevated and spacious private decks are backing onto the forest, and ideal for entertaining and enjoying the views of the surrounding greenspaces. Ground level patio doors open to additional outdoor living space and easy access to the private rear yard and adjacent Queens Lane outdoor amenities. MILLCROFT – NEW MODERN LUXURY ARRIVING IN BURLINGTON

Also in early 2022, Branthaven will introduce a rare opportunity to live in one of Burlington’s most

beloved neighbourhoods – Millcroft. Branthaven is proud to introduce Millcroft Towns, a collection of twoand three-storey luxury homes with unparalleled design – inside and out. “We have been carefully crafting Millcroft Towns’ architecture to reflect the current move toward more modern lines and establish a landmark design for this gateway location to the Millcroft neighbourhood,” says Stipsits. “Millcroft Towns’ new architecture and community plan does just that – it showcases the clean lines of today’s high-end contemporary architecture and supports our commitment to design forward thinking and quality construction materials.” Branthaven selected bespoke brickwork to highlight the dramatic play of dark and light tonal ranges for a truly distinctive streetscape. Warm woods, impressive glass expanses, custom quality doors and enhanced landscaping design will define Millcroft Towns’ exceptional enclave.” Four distinctive townhome styles have been curated for the ultimate in carefree luxury living. Buyers can choose from two- or three-storey designs, single- or double-car garages, as well as a range of lifestyle

Refined townhome living at Queens Lane

layouts for formal or relaxed living. Why not consider a luxury double primary suite layout or a threebedroom design? Need to work from home? Flexible home offices and dens are ideal. Every townhome features generous outdoor space, perfect for quiet relaxing or an evening of entertaining friends and family. Ground floor patio doors make private backyard access a breeze. Look for luxury interior standard and optional features such as elevators, finished lower levels, gourmet kitchens, over-sized islands and pantries, custom millwork and more to personalize your new home. TOWNHOMES DESIGNED WITH YOUR LIFESTYLE IN MIND

Ultimate spa luxury

Whether Queens Lane’s new traditional plans or Millcroft’s modern luxe layouts reflects your style, rest assured that Branthaven’s plans are intentionally designed to inspire homeowner satisfaction with your lifestyle in mind. Plans are bright, airy flowing spaces, easy to furnish, a pleasure to live and entertain in and importantly, contribute to homeowners’ happiness and wellbeing every day. Queens Lane’s private terraces

Warmly inviting interiors

Branthaven continues to be at the forefront of new product innovation. “We constantly collaborate with industry experts and premium suppliers to source the latest home products – from flooring and fixtures, taps and tiles to technology,” says Stipsits. “Our ‘Fresh Thinking’ features and finishes are always up to date and included at no extra cost.” From ergonomic kitchen faucets and practical deep pot and pan drawers, to the double vanity ensuites and spa-inspired fittings, there are countless Fresh Thinking details included in your new townhome, whether you choose to “Live the Life” with Branthaven in Brampton or Burlington this coming year. Don’t miss out on these limited release enclave communities. Register now for VIP opening information. branthavenbrampton.com from the mid $1.1 millions branthavenburlington.com from the low $1.3 millions nexthome.ca 33

ADVICE | REAL INSIGHT

FUTURE REALITIES FOR RESIDENTIAL AND COMMERCIAL MARKETS

JASON MERCER

The restrictions of the COVID-19 pandemic have disrupted real estate in more ways than one. We experienced a shift in the residential market, as well as in the retail, office and industrial segments. Despite higher case counts recently, we all hope for a return to reopening as soon as possible in 2022. With this in mind, what does the future hold for the residential and commercial markets? RESIDENTIAL MARKET

During the initial phases of recovery from the pandemic, demand was very strong and market conditions tight for lowrise home types, namely detached and semi-detached houses and townhouses. Initially, inventory levels for condominium units were elevated, resulting in condo prices trending flat to down. However, as we moved through 2021, demand for condominiums picked up and excess inventory was absorbed. In the second half

of this year, we saw a consistent acceleration in condo prices, as first-time buyer activity improved. One thing that’s certain is demand isn’t going away. Immigration and non-permanent migration will pick up and will positively impact the demand for all types of residential real estate, in both ownership and rental. While we could see slightly softer demand due to higher borrowing costs over the next year, this impact will be mitigated, at least in part, by an increase in population growth. COMMERCIAL MARKET

In the commercial marketplace, the retail, office and industrial segments were affected in different ways. We saw an accelerated shift from bricks-and-mortar stores to an online shopping experience – ultimately resulting in more demand for industrial space to support logistics. While offices, cubicles, and meeting rooms quickly emptied, virtual tools such as Zoom and Microsoft Teams became the new reality. But, what’s next for office buildings? Will we see a return to the prepandemic normal or will businesses embrace some form of hybrid approach, allowing in-office and work-from-home flexibility? While

the return to the workplace remains a moving target, this obviously has ramifications for businesses that serve other workers, including restaurants and ancillary retail. How conditions in different commercial market segments unfold over the next year is somewhat unknown and will depend on the degree to which the recovery from the pandemic strengthens over time. If you’re interested in such topics, tune into TRREB’s Ready to Real Estate podcast “Back to Business” podcast episode on what a return to work might look like in a postpandemic world. You can also mark your calendars for the release of TRREB’s 2022 Market Outlook & 2021 Market Year in Review report. It’s coming out on Feb. 3, 2022, and will include joint research with the Toronto Region Board of Trade on the future of back to work and its effect on commercial and residential markets, as well as worker sentiment polling from Maru Blue. Don’t forget to stay up to date with the latest market trends, both in residential and commercial sectors. Visit trreb.ca to explore the latest market reports. Plus, connect with a TRREB member realtor and search listings in real time on any device. Jason Mercer is TRREB’s Chief Market Analyst. His sought-after market analysis helps realtors and their clients understand housing trends and underlying economic drivers in the GTA.

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ADVICE | HOME REALTY

RESOURCES TO HELP WITH YOUR

HOMEBUYING HOMEWORK Cobie by Marshall Homes

DEBBIE COSIC

If you are thinking of buying a new home or condominium in Ontario for the first time, congratulations. You’re about to embark on one of the best life steps you can take. You may even be a newcomer to Canada looking to purchase your first home or condo in this country. Either way, know that there are invaluable resources out there to help you make the best possible decision. Below are a few websites you can research to help answer your questions. The Government of Canada (canada. ca) offers a wealth of information. • Search “buying a home,” and a page from the Financial Consumer Agency of Canada includes topics such as figuring out how much you can afford for a home, saving toward the purchase, paying for your home, tax credits for homebuyers, homebuying costs, working with a real estate agent, buying a condo, buying to rent and what to consider if you are an immigrant. There is even a step-bystep guide you can use to decide whether homeownership is right for you. It’s well worth a visit. • Search “buying a home in Canada,” and a page by the Government of Canada has to do with newcomers who are looking to purchase a home here in our country. It links to the following resources from the Canada Mortgage and Housing Corp. (CMHC).

- Buying Your First Home in Canada: What Newcomers Need to Know • CMHC also links you to Canada’s homebuyer incentives and rebates. - The First-Time Home Buyer Incentive allows eligible first-time homebuyers with the minimum down payment for an insured mortgage to apply to finance a portion of purchase through a shared equity mortgage with the Government of Canada. - The Home Buyers’ Amount offers a $5,000 non-refundable income tax credit on a qualifying home acquired during the year (up to $750 in federal tax relief). - Home Buyers’ Plan (HBP) allows you to withdraw up to $35,000 in a calendar year from your RRSPs to buy or build a qualifying home. - GST/HST New Housing Rebate – Find out whether you qualify for a rebate of part of the GST or HST you paid on the purchase price of your new home. If you are considering a condominium, check out these sources: • CMHC’s Condominium Buyer’s Guide covers the basic information you need to know, from figuring out

whether a condo is right for you, to checklists, tips, FAQs and even a glossary of terms. • Condominium Law Changes on ontario.ca covers the amending of the first overhaul of Ontario’s condo law in more than 16 years, with enhanced consumer protection. These are just a few resources available to you. Choosing to buy new is a great decision on your part. The main thing is to use all the tools at hand to make sure you take advantage of every program you qualify for and make the right new housing choice for you.

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

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BUILDER PROFILE | SOUTHERN ONTARIO

BRAESTONE ESTATES FINAL CHAPTER AT BRAESTONE BARES THE HALLMARKS OF ALL GEORGIAN COMMUNITY PROJECTS – HEART AND SOUL Enter a world unlike any other at Braestone Estates. This unique community tells a tale of connection – with the land, with history and with each other. These are the hallmarks of Georgian Communities, which puts heart and soul into every new home. Builders of quality homes across southern Ontario, it’s not simply the attention to detail or superior craftsmanship that sets Georgian Communities apart. Driven by the desire to provide incredible neighbourhoods that embody the timeless values of community, the company strives to build homes in unique locations carefully selected 36 HOMES Magazine | Jan. 15–Feb. 12, 2022

for their proximity to nature and connection to an enriched lifestyle. Over the past two years, countless families have left the GTA in search of a community in touch with nature, and have found homes with Georgian Communities. Because these are places where families and friendships will grow, and where every resident can live remarkably. Inspired by the rolling hills and lush countryside of the Oro-Medonte region of Horseshoe Valley, Braestone was designed as a reimagining of the classic Country Estate. The keystone of this community is Braestone Farm, a fully-functional working

farm that sets the tone for the entire neighbourhood. Horses graze in green fields, crops grow year after year, and the beautiful landscape transports you to a simpler time. Every element of this neighbourhood touches on the inspiration of the farm, from architecture and interiors to amenities – even the street names reflect these values, each chosen for the horses that were so integral to the history of the land. More than 560 acres of tranquil countryside. Incredible estate lots averaging one acre for every family. Panoramic views of nature. Combined with the unique character of the

modern farmhouse architecture and unparalleled amenities, life at Braestone sounds too good to be true. Yet from planning to production and beyond, it continues to live up to every promise. Its nature has been praised by countless happy homeowners, but also recognized for various awards on an international level, including Best New Home Community from the prestigious CHBA Awards. The truest sense of community and connection is built here, where families live together around the berry patches, orchards and nature preserves. Residents of Braestone have access to the neighbouring Braestone Farm and its bounty, with fresh produce and honey available for purchase to make eating locally grown food easier than ever. Starfall Park brings you closer to the stars, a series of ponds can be enjoyed throughout the seasons, and an extensive trail system invites exploration. These are just a taste of Braestone’s Remarkables, born of the natural landscape to offer residents an enriching lifestyle leagues beyond the experiences that can be found in a big city. From a toboggan hill and a Christmas tree farm and beyond, the

The Ktchn Restaurant at Braestone Club

Remarkables are even bigger than your imagination. With so much available right at home, residents of Braestone have everything they need, and more. But not far from the farm are even more opportunities for an incredible lifestyle. Horseshoe Valley and Copeland Forest are just around the corner, with Braestone Club – where an extraordinary new clubhouse and The Ktchn restaurant offer yet another remarkable amenity – only minutes from home. Opportunities to ski, golf, explore and dine are as endless as the horizons, and between Barrie and Orillia, city conveniences are never far. Many exciting things are happening at Braestone in 2022. This February, perfectly timed for Family Day weekend, a fun family charity event will be held in support of the Simcoe Muskoka Regional Cancer Centre. A resident-based volunteer-run fundraiser, the Braestone Winter Classic is a pond hockey tournament to be held at Braestone Farm with support from Georgian International – parent company of Georgian Communities – and Braestone Farm itself, as well as The Ktchn restaurant. This will be the inaugural event of a planned annual fundraiser, which displays exactly how the values of community at Braestone have already grown strong in the first phases of the neighbourhood. As the community continues to grow, Georgian Communities will be releasing the very last phase of Braestone this year. Scheduled for early 2022, Phase 8 is a uniquely private enclave of just 16 homesteads

located on Friesian Court, where it will be separate but also inclusive to the rest of the neighbourhood. Residents will still have convenient access to all of Braestone’s Remarkables from a short path through the trail networks across the property, yet benefit from a quiet, secluded cul-de-sac. This will be the grand finale of this incredible community, but its story will live on in every family that calls Braestone home and every beloved memory made here. To learn more about Braestone’s Remarkables, its beautiful modern farmhouse architecture, and the upcoming release of Phase 8 of Braestone Estates, visit braestone.ca. nexthome.ca 37

ADVICE| |IPSUM WESTERN VIEW LOREM IF NEEDED

AWARDS OF DISTINCTION CELEBRATE HOMEBUILDING EXCELLENCE

MIKE COLLINS-WILLIAMS

The West End Home Builders’ Association recently conferred its annual Awards of Distinction – first introduced nearly 40 years ago and now among the most prestigious recognitions in the residential construction industry. The Awards recognize the highest levels of achievement in the homebuilding industry and provide a showcase for the latest ideas in building, design, promotion and marketing in the new home, renovation, marketing, sales and design in the Hamilton and Halton areas. Winners were selected from more than 200 nominees, judged by established professionals in the industry, who are members of the Ontario Home Builders’ Association. “Despite last year’s uncertainty, and the challenges caused by labour and supply shortages, the homebuilding industry continued to provide new homes and solutions for future and existing homeowners,” says WEHBA President Bianca Bruzzese. “We are in awe of the creativity, innovative designs, building concepts and level of craftmanship presented by our members, and we are extremely proud of this year’s winners and finalists.” Branthaven Homes was the winner of the Project of the Year Award for Mid- to Highrise development, for its project, Upper West Side Condos 2. Branthaven also took home multiple creative awards, including Best Signage, Best Social Media Campaign, Best Website as well as

38 HOMES Magazine | Jan. 15–Feb. 12, 2022

the Marketing Award of the Year, for Homestead. The Project of the Year Award for Lowrise Community was handed out to Losani Homes for its project, Waterworx, a new townhome development in East Hamilton. The WEHBA Project of the Year Awards are among the most distinguished recognitions in the industry, and are presented to the companies that demonstrate higher levels of site presentation, curb appeal, innovation and technology. The WEHBA Consumer Choice Awards, produced by the customer experience research company Customer Insight, recognize the best low- and high-volume builders, as rated by their customers. Zeina Homes was awarded the Consumer Choice Award for a low volume builder (less than 100 units), and Marz Homes won the Consumer Choice Award for a high-volume builder (more than 100 units).

Other significant winners include Carriage Gate Homes, for Best in Housing Affordability Award, for its Roxboro project, as well as Hummingbird Hill Homes, which won the Award for Best Custom Home $3 Million and Over. Heartwood Renovations was also one of the big winners of the night, taking home awards for Best Renovation for its projects across all levels, for overall appeal, use of building materials, use of space, function of floorplan and compatibility of the renovations with existing elements.

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

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BUILDER PROFILE

BEA in Barrie

STATEVIEW HOMES LOOKING FORWARD TO ANOTHER YEAR OF GIVING For StateView Homes, giving back to the greater community is as important as creating new home communities. In addition to looking forward to opening new home collections across the GTA in 2022, the company’s executives and employees are excited to continue the charitable work they do to help the families of those in need. One example is their ongoing support of Toronto’s Hospital for Sick Children (SickKids). StateView has been supporting fundraising efforts for the hospital since the firm was founded in 2009. Everyone at StateView feels passionate about helping families with children, who sometimes call SickKids a temporary “home” when they are seriously ill or injured. In 2021 alone, StateView donated more than $120,000. Part of that was being a sponsor and Matching Gift donor for SickKids GetLoud initiative. This annual event raises funds that go toward the

building of a new children’s hospital, continued breakthrough discoveries, and partnering with healthcare groups to deliver world-class care to more kids outside the hospital walls. Many builders, including StateView Homes, zero in on causes that mean something to them personally. The company’s President of Sales, Julian Uccello, is the inspiration for StateView’s most recent charitable cause: MS4MS (Mission Stadiums for Multiple Sclerosis). Julian was a pro soccer player in Italy until he was diagnosed with MS in 2011. Today, he is the Lead Soccer MS Warrior Ambassador for this non-profit organization dedicated to raising awareness of the disease. Fundraising efforts go toward helping the families of loved ones who have the disease, and to the advancement of research at Johns Hopkins Project Restore MS Research Centre, in the hopes of finding a cure. In 2021, Julian set up a Go Fund Me page to raise funds

in a special walk, during which he attempted to walk two km a day for 16 days straight. He raised $35,000, all of which went to MS4MS. With the company’s excellent reputation for creating superb new homes in outstanding settings, as well as putting homeowners’ needs first, their communities always sell out quickly. Cutting edge architecture and design, creativity, craftsmanship, superior customer service and philanthropy are hallmarks of the StateView brand. StateView’s customer service iCare program; Comfort+ smart tech program; and Harmony Package that saves water and energy are all important contributors to the success of the company’s communities. For more information on StateView Homes’ charitable efforts and its upcoming new home communities, register at stateviewhomes.com. nexthome.ca 39

BUILDER PROFILE | DUNDALK

EDGEWOOD SuitES FLAtO CREATES A MAStER-PLANNED COMMuNitY IN THE ViLLAGE OF DuNDALK Home is about more than just the bricks and mortar. It’s about the neighbourhood, local parks, convenient amenities and a sense of community. For Flato Developments, designing and building a master-planned community begins by creating a sense of place and a strong connection to the community. “We believe that building communities is more than just building homes,” says Shakir Rehmatullah, president of Flato Developments. “That is why we strive to create dynamic and vibrant neighbourhoods, for homeowners at all stages of their lives, while giving back to the communities we operate and build in.” From York Region to Simcoe County, and most recently in the Village of Dundalk, a burgeoning community in Grey County, Flato Developments has a proven record of keeping community needs in mind when creating complete communities with rich amenities and services. DIscOvERINg DUNDALK’s NEwEst cOmmUNIty

Flato is the biggest developer in the Village of Dundalk, with two premier lowrise residential projects underway, 40 HOMES Magazine | Jan. 15–Feb. 12, 2022

Edgewood Greens and Carriage House. Edgewood Greens is the perfect place to put down roots. With 1,200 new spacious homes up to 4,000 sq. ft., families looking for more space can find homes with elegant living and dining areas, plenty of room to create a home office or study area and large private backyards. Interested homebuyers are encouraged to register to learn more about new phases coming soon. Carriage House is an exquisite collection of well-crafted townhomes and detached homes that offer magnificent heritage exteriors and the kind of interior features and finishes families love. With designer kitchens, nine-ft. ceilings throughout, custom stonework and so much more, the homes have been meticulously designed to make a statement in a community that is truly like no other. “We listened to local residents’ needs when we worked on the plan for this new community,” says Rehmatullah. “We worked with our stakeholders and the municipality to find the best plan for the township and the community.” Flato learned there was an urgent need for an apartment for seniors, so instead of creating a plan that included only

lowrise residential homes, the company included an adult lifestyle apartment in the master plan. Residents at Edgewood Suites can choose from studio rentals, and one- or two-bedroom suites to discover safe, carefree and comfortable living at its finest. The building is nearing completion and will be a welcome addition to the community. Flato also looked at the healthcare facilities in the area and worked with the township and Grey Bruce Health Services to build a new full-service clinic right in heart of Dundalk, donating $1 million to make it happen. “In 2020, Flato donated $1 million to South East Grey Community Health Centre, a charity organization providing health care services and programs to the residents of Grey County. This gift will help build a full-service health clinic in Dundalk, expanding access to primary care, mental health, social and home care services to area residents,” says Rehmatullah. As the charming village continues to grow, there is a need for more retail, grocery and services. Realizing this, Flato converted the plan for townhomes to a commercial plaza, Edgewood Plaza, right off Hwy 10. Edgewood Plaza features 700- to 5,000-sq.-ft. units. With more diverse residential housing, an apartment for seniors, a new retail/commercial plaza, healthcare services, and enhanced parks and nature trails, Flato is building a complete community in Dundalk that is a result of unparalleled community engagement. cOmmIttED tO cOmmUNIty sERvIcE

Since its founding in 2005, Flato has been committed to supporting charities and causes in places where Flato operates and builds new communities. From giving to local hospitals and clinics to promoting arts and culture, Flato is dedicated to positive change in our communities. Flato has actively supported arts, healthcare, foodbanks and others in the community. For example, Flato is the Honourary Patron of the Flato Markham Theatre, and the company has committed a $1.37-million donation over the next 15 years to help the Academy Theatre in Lindsay plan for sustainable, longterm growth. This theatre is now called the Flato Academy Theatre Lindsay.

Flato built the Shakir Rehmatullah Cancer Clinic of Markham Stouffville Hospital. The company also actively supports Markdale Hospital in Grey County, as well as the South East Grey Community Health Centre, Headwaters Hospital in Dufferin County, Stevenson Memorial Hospital in New Tecumseth, and Ross Memorial Hospital in Kawartha Lakes. DEDIcAtED tO BUILDINg cOmPLEtE cOmmUNItIEs

Flato Developments has introduced a new and refreshing spirit to community building across southern Ontario. The homebuilder has established a reputation for paying meticulous attention to the finest details. Understanding the unique needs of each community is how Flato excels at seamlessly integrating a new neighbourhood into an existing one, how the builder offers distinctive homes with innovative designs, and how the company goes above and beyond to ensure customer and community satisfaction. “This is all part of our corporate mission, not just building homes but enhancing the complete communities we develop,” says Rehmatullah. To learn more about Flato Developments, and register for information about upcoming communities, visit flatogroup.com.

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ADVICE | LEGALLY SPEAKING

WHOSE – OR WHAT – NAME SHOULD YOU PUT ON THE SALES AGREEMENT?

JAYSON SCHWARZ, LLM & JACQUELINE MONETA, JD

When considering the purchase of property for investment or other purposes, but not your principal residence, you need to consider whether to purchase in your own name, or through another vehicle such as an incorporated company. It is important to take a holistic approach and understand the goals and reasons for investing in the property. Some of the most common considerations are set out below. SOLE PROPRIETORSHIPS

You can purchase the property in your own name and operate it as a sole proprietorship. This is an entity registered with the government and is, in effect, you the person carrying on a business under a different name. You still have all of the liability and personal responsibility. PARTNERSHIPS

More than one person goes into business with another, and together they buy property in their own names. They have the same responsibilities that they would in a sole proprietorship, and each partner has the authority to bind the other. Sometimes, complex partnership agreements are drafted, setting out each partner’s rights and responsibilities, and how the partnership will operate. A partnership can be registered pursuant to the Partnership Act of Ontario. CORPORATION

A corporation is an entity that is created pursuant to Statute (in 42 HOMES Magazine | Jan. 15–Feb. 12, 2022

Ontario the Ontario Business Corporations Act) and owned by its shareholders. It has directors who report to the shareholders, and officers who manage and run the company and answer to the directors. It is a common structure in which to do business in Canada. It is a separate legal entity from the shareholders, and thereby provides limited liability to the shareholders. A corporation is essentially like a person. Corporations file their own tax returns, have addresses and can sign contracts. Now, it gets more complex because we get into Limited Partnerships under the Limited Partnership Act and joint ventures. If the deal is big enough to merit this, then you need to seek proper legal and accounting advice to help with the setup and organization of your transaction and structure. What if you buy a house on your own? PRINCIPAL RESIDENCE

One of the main benefits of personally owning real estate in Ontario is the ability to claim an unlimited principal residence exemption on the appreciation of the property value.

The principal residence exemption is an income tax benefit that exempts you from tax on the capital gains when you sell a property that is your principal residence, and provided you can demonstrate that it truly was your principal residence. What many people don’t know is that there is a place in the Income Tax Act, and on your tax return, to designate your principal residence; you have an obligation to do this every year to avoid issues when you sell your home. Corporations may be very useful structures for holding real estate in some situations, but in others, the cost, tax efficiency and complexity could be detrimental. This is why it’s important to seek good tax and legal advice prior to any property purchases.

Jayson Schwarz, LLM and Jacqueline Moneta, JD, are with Schwarz Law Partners LLP. To suggest topics for future columns or ask questions, visit schwarzlaw.ca or email info@schwarzlaw.ca.

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ADVICE | REAL ESTATE PRO

MUNICIPALITIES MUST DO THEIR PART FOR HOUSING AFFORDABILITY

BaRBaRa lawlOR

We hear and read a lot about the housing affordability crisis in Toronto and the Greater Toronto Area. Developers and builders of new homes and condominiums get unfair negativity when the subject is covered. They want to sell homes, and raising prices hamper potential purchasers. It is important that people understand where these price increases come from. For example, did you know that municipalities, which continually require more for development charges, keep incredible amounts in cash reserves paid through taxes on new housing? BILD commissioned Altus Group to conduct a study of 16 municipalities across the GTA. The result was that these municipalities collectively had more than $5 billion in cash reserves on hand at the end of 2019. Toronto alone had $2.6 billion in reserves. These amounts of money come from a variety of development charge elements, including cash contributions and facilities that provide some compensation to communities for increased density and/or height. The City has collected far more than it has spent, yet continues to hike rates and, in turn, new home condo prices. How to spend these cash reserves is the choice of municipalities. At the very least, they could reduce or, as BILD President and CEO,

David Wilkes, says, “at least cap” development charges on new homes and condos to “make a dent in the housing affordability challenge the region is facing.” Municipal fees and charges are the biggest component of taxes on new homes and condos, making up 22 to 24 per cent of their costs. The potential for municipalities to help alleviate the current housing price challenges is enormous. The escalating cost of new homes and condos is not a case of developers and builders raising prices out of greed. Consider the fact that the costs of materials, labour, administration, architectural services and marketing services go up every year, as well. And to be fair, new home construction, along with the professional renovation industry, creates thousands of well-paying on- and off-site jobs and contributes billions of dollars to local, provincial and national economies. Now that housing has reached national prominence in Canada with a new housing minister, it is time for the other levels of government to do more to solve the supply and affordability dilemmas we find ourselves in.

Our current situation is also a testament to the resilience of the new home industry and new-home buyers in the face of rising costs, the pandemic and the challenges it has brought. With ongoing immigration, the demand for new homes and condominiums will continue to rise along with the prices. Developers and builders take a lot of heat in the media, but they are doing all they can to cope in these difficult times. We need more accountability and transparency on the part of our municipalities when it comes to how they collect and spend development charges. As the saying goes, the ball’s in their court.

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

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HOMES Magazine salutes the following companies for their dedication to customer service. After-Sales Service is an essential component of a healthy new home industry. These builders are proud of their commitment to the principles of excellent customer service.

DEDICATED TO

EXCELLENT

44 HOMES Magazine | Jan. 15–Feb. 12, 2022

CUSTOMER SERVICE

nexthome.ca 45

1st Place Compact Kitchen Martin DeSousa

1st Place Small Kitchen Linnea Lions

1st Place Medium Kitchen Beverly Binns

1st Place Large Kitchen Glen Peloso & Elizabeth Smith

Turn your DREAM into REALITY

Why Hire an NKBA Professional: • Skills to Design and Plan Safe and Functional Kitchens and Baths • Understand the Industry Environment, Future Trends & Consumer Lifestyles

• Operate and adhere to a strict code of ethics under the guidelines of the NKBA • Utilize Industry Information for Designing & Planning • Research Building Codes and Current Industry Practices

nkba.org/chapters/ontario-canada/

The National Kitchen & Bath Association (NKBA) is a non-profit trade association that promotes the professionalism of the kitchen and bath industry. Established in 1963 as a network of kitchen dealers, it has grown into the premier association of distributors, retailers, remodelers, manufacturers, fabricators, installers, designers and other professionals. The NKBA’s certification program emphasizes continuing education and career development and includes designers and professionals in all segments of the kitchen and bath industry. The NKBA has become a valuable resource for both professionals and consumers.

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HOMES MAGAZINE

NORTH REGION FEATURING PROFILES OF NORTH REGION ONTARIO BUILDERS AND COMMUNITIES

PICTURES ARE COURTESY OF GEORGIAN COMMUNITIES. FOR MORE INFORMATION SEE PAGES 4-5.

Alliston • Barrie • Collingwood • Innisfil • Orillia Meaford • Shanty Bay • Thornbury • Wasaga Beach nexthome.ca 47

HOMES MAGAZINE

SOUTHWESTERN ONTARIO FEATURING PROFILES OF SOUTHWESTERN ONTARIO BUILDERS AND COMMUNITIES

PICTURES ARE COURTESY OF DUNPAR HOMES. FOR MORE INFORMATION SEE PAGE 51.

Brantford • Burlington • Cambridge • Georgetown • Guelph Halton Hills • Hamilton • Kitchener-Waterloo • Milton Niagara • Oakville • Stoney Creek • And Surrounding Areas nexthome.ca 49

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BUILDER PROFILE

DUNPAR HOMES TWO LUXURY TOWNHOUSE PROJECTS HELP MEET ‘MISSING MIDDLE’ DEMAND Two exciting new projects from Dunpar Homes continue the company’s tradition of bringing upscale townhouse living to some of the Toronto area’s most desirable upand-coming neighbourhoods. Boutique Towns on Lake Shore in Etobicoke and the Lambton Towns in dynamic St. Clair Ave. West in Toronto, both launching soon, will help meet the demand for “missing middle” housing in Toronto while providing lifestyles of convenience and comfort. Boutique Towns at 80th Thirtieth St. is an intimate collection of 14 back-to-back, quality-built townhomes with spacious, flexible floorplans. They’ll appeal to buyers who enjoy proximity to the Lake Ontario waterfront and to shopping, 52 HOMES Magazine | Jan. 15–Feb. 12, 2022

salons and spas, restaurants, transit and recreation facilities. With access to nature and the outdoors so important now, Boutique Towns buyers will appreciate having parks, including Marie Curtis Park, Long Branch and Colonel Samuel Smith in the neighbourhood. Walking, biking, bird-watching, dog off-leash areas, playgrounds, picnic spots and beaches are among the features found in these parks. Families will appreciate having childcare facilities, elementary and secondary schools close to home. Post-secondary students can attend Humber College’s Lakeshore campus with its extensive post-secondary program offerings. Golfers can tee off at the private Toronto Golf Club, the third oldest golf club in North

America, or the public Lakeview Golf Course, with 18 holes. Sailors can dock at the Port Credit Yacht Club, a year-round private club, or enjoy competitive or recreational sailing with the non-profit Port Credit Sailing Club. Lake Shore Blvd. W. offers everything one could need close to home, including coffee shops, salon or spa treatments, a diverse range of dine-in or take-out meals, major chains such as Tim Hortons, Dollarama, No Frills and LCBO. The Toronto Public Library has a location at Long Branch, with loans of print or audio books, 11 computer workstations and Wi-Fi. The Long Branch GO Station, TTC stops and easy access to highways, including the Gardiner Expressway,

Queen Elizabeth Way and Hwy. 427, make it easy to get around the city or beyond. The four-storey Boutique Towns feature a direct connection from the garage on the ground floor, with multi-functional living on the main floor where you can cook, eat, relax and entertain in one large, open space. There are two bedrooms, laundry and bathroom on the second floor, the private master suite, bathroom and balcony on the third and a private rooftop deck on the fourth. Lambton Towns at 2650 Saint Clair Ave. W., Dunpar will bring a new lowrise option to St. Clair Ave. W., a neighbourhood undergoing a massive revitalization with many new condo projects underway. As a more affordable option to downtown, many millennials and families are choosing this midtown neighbourhood. Lambton Towns will offer 94 backto-back units with one-car parking, three bedrooms and two bathrooms, starting from $1.4 million. At 1,569 sq. ft. with rooftop decks, there’s plenty of space for family living or working from home. St. Clair West’s existing retail scene has been enhanced with new boutique shops, specialty grocery markets, salons, fitness studios and gyms, restaurants and cafes in this walkable neighbourhood. Lambtown Towns residents will also enjoy proximity to major amenities such as Loblaws, Shoppers Drug

Mart, LCBO and Walmart. There are elementary and secondary schools, as well as childcare centres and recreation facilities. Add to this an abundance of parks in the area and proximity to the Humber River Recreational Trail. Smythe Park is a 15.3-hectare park with bike and walking trails, three ball diamonds, outdoor pool, splash pad and children’s playground. Marie Baldwin Park offers community gardens, summer camps and learning events. The Humber River Recreational Trail is a favourite among locals for its walking and biking trail that follows the river and is dotted with benches, small waterfalls and fountains and provides connection to the Lake Ontario Waterfront Trail. Transit options including the Old Mill Subway Station, St. Clair West streetcar and TTC buses. The Gardiner Expressway is easily accessible and the Lambton Towns’ location is convenient to downtown Toronto, North York and Mississauga. Dunpar is as discriminating about its townhome design and quality as it is about the neighbourhoods it chooses to build in. Both projects’ attractive, functional design is a testament to the company’s expertise. Exteriors are modeled on English Georgian Manors, utilizing genuine Custom Natural Indiana Limestone features and planter boxes crafted with ledger rock Kingston Hue Stone. For more than 40 years, Dunpar Homes has been building thoughtfully

designed and architecturally unique homes and communities across the GTA. It has established a reputation as a premier builder, specializing in luxury townhomes. It has demonstrated its ability to adapt to the evolving industry by offering homebuyers comprehensive virtual tools to help them achieve their ownership goals. For more information on Boutique Towns on Lake Shore or Lambtown Towns, visit dunparhomes.com

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HOT PROPERTIES

FIND YOUR NEXT HOME

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

MAP LOCATION

SITE

ADDRESS

CONTACT

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

Aurora.............................................Queen’s Grove Collection..................................... Yonge St. & Bloomington Rd. ............................................... northstarhomes.com

Aurora.............................................Allegro Downtown Aurora .................................... 36 Klees Crescent .................................................................................geranium.com

Aurora.............................................Woodhaven ............................................................... 14222 Yonge St. ................................................................brookfieldresidential.com

Aurora.............................................Shining Hill ................................................................ Yonge St. & St. John’s Siderd. .............................................. regalcresthomes.com

Aurora.............................................Aurora Townhomes................................................. George St. & Wellington St. .........................................................andrinhomes.com

Aurora.............................................Paradise Aurora ........................................................ Mavrinac Blvd. & Wellington St. ...............................paradisedevelopments.com

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

10.

Brampton.......................................Spring Valley Estates ............................................... 1364 Queen St. ........................................................................ springvalleyestates.ca

11.

Brampton.......................................Mayfield Village ........................................................ Bramalea Rd. & Mayfield Rd. ................................................. royalpinehomes.com

12.

Brampton.......................................The Sandalwood ...................................................... 120 Sandalwood Parkway East ............................................. royalcliffhomes.com

13.

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

14.

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

15.

Brampton.......................................Cleave View Estate By The Credit ........................ Queen St. & Mississauga Rd. ................................................ regalcresthomes.com

16.

Brampton.......................................Westfield..................................................................... Mississauga Rd. & Steeles Ave. ...........................................................greatgulf.com

17.

Brampton.......................................The Estates of West River Valley........................... McVean Dr. & Countryside Dr............................................... royalpinehomes.com

18.

Brampton.......................................Mount Pleasant North & UNION Mount Pleasant .... Remembrance Rd. & Edenbrook Hill Dr. ............................mattamyhomes.com

19.

Brampton.......................................High Point .................................................................. Mississauga Rd. & Mayfield Rd. ................................paradisedevelopments.com

20.

Brampton.......................................Beechwood ............................................................... Chinguacousy Rd. & Mayfield Rd. ...........................paradisedevelopments.com

21.

Caledon .........................................Ellis Lane .................................................................... Mayfield Rd. & Chinguacousy Rd. ........................................mattamyhomes.com

22.

Caledon .........................................Palgrave Estates ....................................................... Mount Pleasant Rd. & Hunsden Rd. ...............................................flatogroup.com

23.

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

24.

Etobicoke.......................................Vita On The Lake 2 .................................................. 2167 Lake Shore Blvd. W. ........................................................mattamyhomes.com

25.

Etobicoke.......................................Lake Shore Village ................................................... 68 Daisy Ave. ................................................................................. dunparhomes.com

26.

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

27.

Etobicoke.......................................80 Thirtieth St. Towns ............................................. 80 Thirtieth St. .............................................................................. dunparhomes.com

28.

Etobicoke.......................................2650 St. Clair Ave W. ............................................... 2650 St. Clair Ave W .................................................................... dunparhomes.com

29.

Kleinburg .......................................New Kleinburg .......................................................... Hwy. 27 & Major McKenzie Dr. W. ........................................ fieldgatehomes.com

30.

Kleinburg .......................................The Enclave on Nashville ...................................... 99 Nashville Rd. .......................................................................stateviewhomes.com

31.

Kleinburg .......................................Pine Valley ................................................................ Pine Valley & Teston Rd ...........................................................goldparkhomes.com

32.

Markham and Unionville.............Cornell Markham ..................................................... Bur Oak Ave. & Hwy 7 .............................................................. ballantryhomes.com

33.

Marham and Unionville .............Union Glen ................................................................ Kennedy Rd. & Major McKenzie ............................................ fieldgatehomes.com

34.

Markham and Unionville ...........Riverwalk Meadows ................................................ Ninth Line & 14th Ave. .......................................................................flatogroup.com

35.

Markham and Unionville ...........Angus Glen South Village ...................................... 9980 Kennedy Rd., #200. .........................................kylemorecommunities.com

36.

Markham and Unionville ...........Kennedy Manors ...................................................... 4500 Major Mackenzie Dr East. ...............................kylemorecommunities.com

37.

Markham and Unionville ...........Nao Phase 2 .............................................................. 14th Ave. & McCowan Rd.......................................................stateviewhomes.com

38.

Markham and Unionville ...........On The Mark Phase 2.............................................. 16th Ave. & Woodbine Ave. ...................................................stateviewhomes.com

39.

Markham and Unionville ...........Minu Towns ............................................................... Donald Cousens Pkwy. & Ninth Line ..................................stateviewhomes.com

54 HOMES Magazine | Jan. 15–Feb. 12, 2022

MAPS

BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA

MAP LOCATION

SITE

Locate properties using the map on the following page

ADDRESS

CONTACT

40.

Newcastle ......................................Belmont ...................................................................... West Coast Forest ..............................................................................treasurehill.com

41.

Oshawa ..........................................Kingsview. Ridge ...................................................... Taunton Rd. & Townline Rd. N........................................................treasurehill.com

42.

Oshawa ..........................................Dreamscape .............................................................. Conlin Rd. & Harmony Rd. ..................................................... fieldgatehomes.com

43.

Oshawa .........................................Winchester Estates .................................................. Ritson Rd. & Winchester Rd................................................................... menkes.com

44.

Oshawa ..........................................Park Ridge .................................................................. Conlin & Townline Rds. ................................................... tributecommunities.com

45.

Pickering ........................................Geranium in Pickering............................................ Altona Rd. & Twyn Rivers Dr. .............................................................geranium.com

46.

Pickering ........................................Nutowns ..................................................................... Brock Rd. & Whitevale Rd. ............................................................ madisongroup.ca

47.

Pickering ........................................Edgewood Pickering............................................... Altona Rd. & Finch Ave. .......................................................................geranium.com

48.

Pickering ........................................Seaton ......................................................................... 1075 Taunton Rd. ...................................................................... fieldgatehomes.com

49.

Pickering ........................................Frenchman’s Bay...................................................... Liverpool Rd. & Bayly St. ...................................................................madisonfb.com

50.

Richmond Hill ..............................The Bond ................................................................... Yonge & King.............................................................................stateviewhomes.com

51.

Richmond Hill ..............................King’s Landing .......................................................... Oak Ridges ................................................................................stateviewhomes.com

52.

Richmond Hill .............................Ivylea ........................................................................... Leslie St. & 19th Ave. ......................................................................marlinspring.com

53.

Richmond Hill ..............................Richlands.................................................................... Leslie St. & Elgin Mills Rd. ...................................................... fieldgatehomes.com

54.

Richmond Hill .............................Millbrook Park........................................................... Elgin Mills & Leslie St..........................................................northstarhomesinc.com

55.

Richmond Hill .............................Park Lane Place ........................................................ Elgin Mills & Leslie St..........................................................northstarhomesinc.com

56.

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

57.

Richmond Hill ..............................Richlands.................................................................... 10961 Leslie St. ..................................................................................opushomes.com

58.

Richmond Hill ..............................Emerald Crossing..................................................... 8854 Yonge Street .................................................................... fieldgatehomes.com

59.

Richmond Hill ..............................King East Estates ...................................................... King Rd. & Toscanini Rd...................................................................... pureplaza.com

60.

Scarborough .................................670 Progress Ave. .................................................... Progress Ave. & Grangeway Ave. ......................................... fieldgatehomes.com

61.

Scarborough .................................Valleyview Garden................................................... 3012 Kennedy Rd. ...................................................................valleyviewgardens.ca

62.

Scarborough .................................Upper Summerside ................................................. 743 Warden Ave. ......................................................................mattamyhomes.com

63.

Scarborough .................................2787 Eglinton Ave. E................................................ 743 Warden Ave. ......................................................................mattamyhomes.com

64.

Stouffville ......................................City Side...................................................................... 10th Line & 19th Ave. .......................................................................opushomes.com

65.

Thornhill ........................................Citylux Towns at Thornhill Woods ...................... Dufferin St. & Rutherford Rd. ................................................ fieldgatehomes.com

66.

Vaughan .........................................Hotel Vie..................................................................... 8440 Hwy. 27............................................................................................hotelvie.com

67.

Vaughan .........................................Evoke ........................................................................... Dufferin St. & Rutherford Rd. ..........................................................treasurehill.com

68.

Whitby ............................................Queen’s Common ................................................... 1075 Taunton Rd.. .....................................................................mattamyhomes.com

69.

Whitby ...........................................Country Lane ............................................................ Taunton Rd. & Country Lane ........................................... countrylanewhitby.com

70.

Whitby ............................................Whitby Meadows ..................................................... Cochrane St. & Taunton Rd. ...........................................................opushomes.com

71.

Whitby ...........................................The Boatworks Towns in Whitby ......................... Brock St. S. & Victoria St. W. ........................................................andrinhomes.com

72.

Whitby ...........................................Park Vista/Whitby Meadows ................................. Cochrane St. & Taunton Rd ................................................... fieldgatehomes.com

73.

Whitby ............................................The Landing in Whitby Harbour........................... Brock St. South & Victoria St. ................................................................ carttera.com

74.

Whitechurch/Stouffville ............Blue Sky ...................................................................... 9th Line & Millard St. ................................................................ fieldgatehomes.com

75.

Whitechurch/Stouffville ...........Cityside Stouffville................................................... Tenth line & 19th Ave. ............................................................. fieldgatehomes.com

76.

Woodbridge ..................................Pine Valley.................................................................. Pine Valley Dr. & Major Mackenzie Dr. .....................................marlinspring.com

77.

Woodbridge ..................................The Enclave ............................................................... 410 Chrislea Rd. .......................................................................stateviewhomes.com nexthome.ca 55

HOT PROPERTIES | GREATER TORONTO AREA

7 4 5 3 59

58 50

52 51 57 53 54 24

56 37

31 30

65 67

29 17 66 11 10 13

12 20 25 18 19

28 9

14 15 16

25 27 26

56 HOMES Magazine | Jan. 15–Feb. 12, 2022

74 72

32 39

69 70

48 71

1 2 47

45 61

64 60

62 63

MAPS

CARTOGRAPHY: MARKETMAPS.COM

Match the map numbers with property listings on the previous Hot Properties page

nexthome.ca 57

HOT PROPERTIES | OUT OF TOWN EAST

FIND YOUR NEXT HOME L

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Cameron in the Out of Town East Area to keep your eye on The latest properties

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La k

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MAP wy W

1. 2. 3. 4. 5. 6. 7.

LOCATION

SITE

ADDRESS

CONTACT

Courtice .........................................The Vale ...................................................................... Prestonvale Rd. & Bloor St....................................................... nationalhomes.com East Region ...................................Newbrook .................................................................. North St. & Concession Rd. ......................................................brookfieldhomes.ca East Region ...................................Haven on the Trent .................................................. Forest Hill Rd. & Riverside Trail................................................................. sifton.com Peterborough ...............................Parklands & The Condo Arbour Villas ................ 1224 Chemong Rd. .......................................................................... masonhomes.ca Port Hope/Cobourg ...................Port Hope Lakeside Village ................................... 415 Lakeshore Rd. ............................................................................ masonhomes.ca Port Hope/Cobourg ...................Kingswood Cobourg............................................... 425 King St. E. .................................................................................... masonhomes.ca Port Perry.......................................Courts of Canterbury .............................................. Simcoe St. & Country Estates Dr. ......................................................geranium.com

Start your search Your trusted authority for the latest new home and condo developments. Visit nexthome.ca to get started.

58 HOMES Magazine | Jan. 15–Feb. 12, 2022

HOT PROPERTIES | OUT OF TOWN NORTH

FIND YOUR NEXT HOME

The latest properties in the Out of Town North Area to keep your eye on 5

2 15

6 11

CARTOGRAPHY: MARKETMAPS.COM

12 13 3 10

MAP 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16.

LOCATION

SITE

ADDRESS

CONTACT

Barrie ..............................................Hampton Heights .................................................... Essa Rd. & Ardagh Rd. .............................................................stateviewhomes.com Bracebridge ..................................White Pines ................................................................ 39 Clearbrook Trail ...................................................................mattamyhomes.com Horseshoe Valley.........................Forest Heights Estates ............................................ 2 Diamond Valley Dr., Oro Medonte ................................. democrathomes.com Horseshoe Valley.........................One Twenty Fonthill Condominium Residences .... North Pelham atHwy. 20 ...........................................................mountainview.com Muskoka .........................................Highcrest in Muskoka ............................................. 46 Hanes Rd. ...................................................................... edgewoodmuskoka.com North Region ................................Craighurst .................................................................. Horseshoe Valley Rd. & Hwy. 93................................georgianinternational.com North Region ................................Mountain House at Windfall ................................. Mountain Rd. & Crosswinds Blvd, Collingwood ...georgianinternational.com North Region ................................Emerald Crossing..................................................... Hwy. 89 & Hurontario St., Shelburne .................................. fieldgatehomes.com North Region ................................Braestone Horseshoe Valley ................................. 3246 Line 9 North, Oro Medonte..............................georgianinternational.com North Region ................................GreenRidge & Beeton Village ............................... 41 Main St. W., Beeton .......................................................................flatogroup.com North Region ................................Midhurst Heights...................................................... Russel Rd. & Craig Rd...........................................................................geranium.com North Region ................................Edgewood Greens ................................................... Hwy. 10 & Main St. East, Dundalk ...................................................flatogroup.com North Region ................................Edgewood Suites ..................................................... 270 Hagan St. E., Dundalk .........................................................edgewoodsuites.ca North Region ................................Collingwood ............................................................. Maple & Sixth Street ..........................................................georgianinternational.ca Orillia ..............................................Professor’s Walk ....................................................... Diana Dr. & University Ave. ................................................... democrathomes.com Owen Sound.................................Greystone Village..................................................... 1800 2nd Ave. E...................................................................................flatogroup.com

Get the inside scoop Subscribe to our newsletter Visit https://nexthome.ca/newsletter

nexthome.ca 59

HOT PROPERTIES

FIND YOUR NEXT HOME

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

MAP LOCATION

SITE

ADDRESS

CONTACT

Burlington/Waterdown..............The Towns at Valera ................................................ 4858 Thomas Alton Blvd. ...................................................adidevelopments.com

Burlington/Waterdown..............Nautique Lakefront Residences ........................... 375 Brant St. ............................................................................adidevelopments.com

Burlington/Waterdown..............National Homes in Burlington, ............................ 484-490 Plains Rd. E. ............................................................... nationalhomes.com

Burlington/Waterdown..............Affinity Condominiums .......................................... Plains Rd. E. & Filmandale Rd. ............................................ rosehavenhomes.com

Burlington/Waterdown..............Millcroft Towns ......................................................... Appleby Line & Taywood Dr........................................... branthavenmillcroft.com

Hamilton-Wentworth .................Losani Homes at Barton & Glover ....................... Barton St. & Glover Rd. ..................................................................losanihomes.com

Hamilton-Wentworth .................On The Ridge ............................................................ Mud St. & First Ave. ......................................................................... liveontheridge.ca

Hamilton-Wentworth .................Central Park: Midtown & Soho ............................. Upper Red Hill Valley Pkwy & Rymal Rd. .................................. MyCentralPark.ca

Hamilton-Wentworth .................Tiffany Hill Phase 3.................................................. 288 Raymond Rd. ............................................................................... rosehaven.com

10.

Hamilton-Wentworth .................Monterey Heights .................................................... Shaver Rd. & Garner Rd. W. ..........................................................dicenzohomes.ca

11.

Hamilton-Wentworth .................Stonegate Park ......................................................... Upper Wellington St. & Stone Church Rd. E. ...........................dicenzohomes.ca

12.

Kitchener/Waterloo ....................Wallaceton ................................................................. Huron Rd. & Fischer-Hallman........................................................ heathwood.com

13.

Kitchener/Waterloo ....................River Ridge................................................................. 90 Deer Creek St. ............................................................................................. activa.ca

14.

Kitchener/Waterloo ....................Vista Hills.................................................................... 259 Sweet Gale St............................................................................................ activa.ca

15.

Kitchener/Waterloo ....................Avenue M ................................................................... 40 Margaret Ave. .................................................................................. avenuemkw.ca

16.

Kitchener/Waterloo ....................Young Condos at City Centre ............................... King West & Young St. ...................................................................andrinhomes.com

17.

Kitchener/Waterloo ....................Trailside at Grey Silo Gate...................................... 243 Grey Silo Rd............................................................................................... activa.ca

18.

Kitchener/Waterloo ....................Riverwood ................................................................. 90 Deer Creek St. ............................................................................................. activa.ca

19.

Kitchener/Waterloo ....................Doon South & Ormston at Doon South ............ 653 Thomas Slee Dr. ....................................................................................... activa.ca

20.

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

21.

London ...........................................Victoria Flats.............................................................. Commissioners Rd. E. & Hamilton Rd. ................................................... sifton.com

22.

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

23.

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

24.

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

25.

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

26.

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

27.

Milton .............................................West Country Milton ............................................... Regional Rd. 25 & Brittania Rd. ................................................... countryhomes.ca

28.

Milton .............................................Milton Village ............................................................ Tremaine Rd. & Britannia Rd. ..............................................................greatgulf.com

29.

Milton .............................................Soleil............................................................................ Louis St. Laurent Ave. & Bronte St. S. ...................................mattamyhomes.com

30.

Mississauga ...................................5150 Ninth Line ........................................................ 5150 Ninth Line .........................................................................mattamyhomes.com

31.

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

32.

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

33.

Niagara Region ............................Millennium................................................................. Portage Rd., Niagara Falls ..........................................................mountainview.com

34.

Niagara Region ............................Lusso Urban Towns ................................................. Martindale Rd. & Grapeview Dr. ........................................... lucchettahomes.com

35.

Niagara Region ............................Lyon’s Creek .............................................................. 4382 Mann St ................................................................................mountainview.com

36.

Niagara Region ............................Portview Estates ....................................................... Simcoe St. & Canal St..............................................................silvergatehomes.com

37.

Niagara Region ............................Vista Ridge & Vibrant at Vista Ridge .................... 4008 Mountain St. ..........................................................................losanihomes.com

38.

Niagara Region ............................Davis Heights ............................................................ 1535 Haist St, Pelham. ............................................................ lucchettahomes.com

39.

Niagara Region ............................Grimsby Waterfront ................................................. 398 N Service Rd. ...........................................................................losanihomes.com

40.

Niagara Region ............................Saffron Estates .......................................................... Port Robinson Rd. & Rice Rd., Fonthill ...................................mountainview.com

41.

Niagara Region ............................Lincoln Estates.......................................................... Lincoln Ave. & King St. ...................................................................losanihomes.com

42.

Niagara Region ............................The Residences at Hunters Pointe ...................... 71 Kyntre Trail............................................................................ lucchettahomes.com

43.

Niagara Region ............................Edgewater Trails ....................................................... Daimler Pkwy & Magnolia Ln, Welland. .............................. ballantryhomes.com

44.

Niagara Region ............................One Twenty Condos ............................................... Canboro Rd. & Rice Rd., Fonthill .............................................mountainview.com

60 HOMES Magazine | Jan. 15–Feb. 12, 2022

MAPS

BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA

MAP LOCATION

SITE

Locate properties using the map on the following page

ADDRESS

CONTACT

45.

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

46.

Niagara Region ............................River Estates .............................................................. Lametti Dr., Pelham.....................................................................mountainview.com

47.

Niagara Region ............................Timberwood Estates ............................................... Merritt Rd. & Grisdale Rd., Thorold .........................................mountainview.com

48.

Niagara Region ............................Ryan’s Grove ............................................................. 13 Tanner Dr. ............................................................................. lucchettahomes.com

49.

Niagara Region ............................Legends On The Green .......................................... Niagara Pkwy & Legends Way ............................................... silvegatehomes.com

50.

Niagara Region ............................Great Blue Resorts ................................................... 612A Welland Ave., St. Catharines .......................................greatblueresorts.com

51.

Niagara Region ............................West Community ..................................................... 44 Elderberry Rd., Thorold........................................................mountainview.com

52.

Oakville ..........................................Oakville Ravine Townhomes ................................ Sixth Line & Germorda Dr.......................................................... dunparhomes.com

53.

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

54.

Oakville ..........................................Randall Residences ................................................. Trafalgar Rd. & Randall St..................................................... rosehavenhomes.com

55.

Oakville ..........................................Upper West Side Condos 2.................................... 351 Dundas St. East .......................................................................... branthaven.com

56.

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

57.

Oakville ..........................................White Oaks Ravine................................................... 1429 Dundas St. ........................................................................... dunparhomes.com

58.

Oakville ..........................................The Preserve & East Preserve .............................. Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com

59.

Oakville ..........................................The Preserve Woodland Estates .......................... Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com

60.

Oakville ..........................................5North The Preserve,.............................................. Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com

61.

Oakville ..........................................The Villages of Oak Park ........................................ Trafalgar Rd. & Dundas st. E. ................................................. ballantryhomes.com

62.

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

63.

Oakville ..........................................Upper Joshua Creek ............................................... 9th Line & Dundas St. ..............................................................mattamyhomes.com

64.

Oakville ..........................................La Réserve.................................................................. 153 Reynolds St. ..................................................................... rosehavenhomes.com

65.

Welland ..........................................Sparrow Meadows ................................................... 335 Hillsdale Rd.. ................................................................... rosehavenhomes.com

66.

West Region ..................................The McKenzie Towns .............................................. 1535 McKenzie Rd. ......................................................................mountainview.com

67.

West Region ..................................Sifton Homes ............................................................ Hyde Park Rd. & Ilderton Rd. .................................................................... sifton.com

68.

West Region ..................................Boulder Creek ........................................................... Cleaver Rd. & King Edward St. .................................................................. sifton.com

69.

West Region ..................................St. George Village .................................................... Concession 2 & Woodhill Rd. ......................................................losanihomes.com

70.

West Region ..................................HarrisView.................................................................. 34 Hollingshead Rd..................................................................................... sifton.com

71.

West Region ..................................Brant West .................................................................. 562 Shellard Ln ....................................................................................brantwest.com

72.

West Region ..................................Magnolia Trails .......................................................... Modeland Rd. & Michigan Lane ............................................................... sifton.com

73.

West Region ..................................Rosewood.................................................................. Nissouri Rd. & Thorndale Rd..................................................................... sifton.com

74.

West Region ..................................Soleil St. Clair ............................................................ Corunna ......................................................................................................... sifton.com

75.

West Region ..................................Seasons & Watercolours at Simply Grand ......... 1039 Rest Acres Rd. ........................................................................losanihomes.com

76.

West Region ..................................Knightsbridge ........................................................... Graff Ave. & Mornington St. ...................................................................... sifton.com

77.

West Region ..................................Hazelwood on the Grand ...................................... Hardy Rd......................................................................................................... sifton.com

78.

West Region ..................................Cottonwood.............................................................. Dingle St. ........................................................................................................ sifton.com

79.

West Region ..................................Hawthorne Park ....................................................... Oakwood Dr. & Byron Ave. ....................................................................... sifton.com

80.

West Region ..................................Reflections Caledonia ............................................ 1437 McKenzie Rd .................................................................... ballantryhomes.com

81.

West Region ..................................Lakeside Landing Wellington................................ 411 Main St., Wellington.......................................................... royalcliffhomes.com nexthome.ca 61

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

KITCHENER–WATERLOO

Guelph 17

Waterloo 12 Kitc

16 15

hener

Milton

13 18

32 34

33 19

Cambridge 1 5

3 70 67

75 77

Brantford

Hamilton

71 9 10

LONDON

23 69 20

66 85

London 22 21

26 72

25 24

62 HOMES Magazine | Jan. 15–Feb. 12, 2022

81 31

Mississauga

55 66

63 57 65 56

64 Oakville 54

58 64

MAPS Burlington

6 7

39 46

41 37

45 34

St Catharines

51 33

Niagara Falls 79 44 40

38 48

47 42 43

36 35

Welland

CARTOGRAPHY: MARKETMAPS.COM

Match the map numbers with property listings on the previous Hot Properties page

nexthome.ca 63

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64 HOMES Magazine | Jan. 15–Feb. 12, 2022

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Greater Toronto Area Dec. 19, 2020–Jan. 30, 2021

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ADVICE | INDUSTRY REPORT

MUNICIPAL RESERVES SHOULD BE SPENT ON IMPROVING LIVABILITY, AFFORDABILITY IN THE GTA

DAVE WILKES

I recently wrote about the impact of the substantial reserves numerous GTA municipalities are accumulating from the revenues they collect on new housing. These funds are meant to pay for infrastructure and services to support growth. When they are not spent in a timely manner, their effectiveness is diminished by inflation, while residents are deprived of the infrastructure and services that have been paid for by new development. Not spending these funds can also hinder the building of new housing as communities must wait for much-needed infrastructure. Thanks to a new study conducted by Altus Group for the Building Industry and Land Development Association (BILD), New Homeowner Money in the Governments Bank: How Unspent Municipal Reserves Are Impacting Building Livable, Affordable Communities in the GTA, we can now quantify the size of municipal reserves for development charges, parkland charges and section 37 charges in the GTA. Altus Group examined 16 GTA municipalities and found they have accumulated more than $5 billion in reserves over the last decade. The funds collected through development charges levied on new homes and commercial spaces help municipalities pay for growthrelated infrastructure and services. Between 2013 and 2019, the studied 66 HOMES Magazine | Jan. 15–Feb. 12, 2022

municipalities saw their combined development charge (DC) reserve fund balances increase by $1.35 billion, to $3.25 billion. The City of Toronto was responsible for the majority of the increase in DC reserves, as the City’s DC reserve fund balance rose by $839 million over that time period. Durham Region amassed $695 million and the City of Vaughan $482 million over the same period. Municipalities impose parkland cash-in-lieu (CIL) payments on new developments so they can acquire parkland and other forms of open space. CIL revenues and expenditures have caused parkland CIL reserve fund balances to increase by nearly 300 per cent over the 2009 to 2019 period, from $375 million in 2009 to $1.48 billion in 2019. The City of Toronto saw the largest increase at $1.03 billion as of 2019, up 372 per cent or $815 million from 2009. The other major high-density-oriented municipalities have also amassed significant parkland CIL reserves – Mississauga $133 million, Brampton $98 million, Vaughan $72 million and Markham $59 million. The purpose of section 37 contributions is to help municipalities provide community infrastructure in areas that are denser than normally allowed. At the end of 2019, the City of Toronto had a surplus of approximately $303 million in its Section 37 reserve fund, with more than 70 per cent of this balance attributed to four wards within downtown Toronto. As many GTA municipalities update their development charge bylaws and parks policies, and

create a community benefits charge, the costs added on new development are expected to rise next year. These increases will not only affect the prices of new homes, but will also contribute to the already large reserves that municipalities have amassed. While there is much to be said for prudent financial management, development charges, parkland charges and section 37 charges are calculated and collected to meet anticipated need. Not investing these funds in a timely manner in growthrelated infrastructure and services hinders new housing and undermines residents’ quality of life. 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.

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