nexthome.ca | myhomepage.ca
Greater Toronto Area Jan. 16–Feb. 13, 2021
Greater Toronto’s COMPLETE CONDO GUIDE
OUTLOOK
2021
Why this could be a
GREAT year
for real estate
INSIDE:
HOW TO CHOOSE THE RIGHT ARTWORK FOR YOUR NEW HOME
HOW TO PREPARE FOR A HOME PURCHASE IN 2021
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JAN. 16–FEB. 13, 2021
CONTENTS
54 DEPARTMENTS
8
Editor’s Note New year, new opportunity
10
Contributors & masthead
12
Condo Life Online
14
In the Spotlight GTA new home market performance continues; more news on pages 16, 18 and 19
22
Inside the GTA
34 Neighbourhood Watch Entertainment District
36 Destination Ontario Collingwood
58 Locator Maps & Amenity Charts 65 Advertisers Index Want more information? Just ask — and you could win a prize
COLUMNS
20 Stat Chat What to expect in the 2021 housing market
50
30 Home Realty On track for 2021 to be a great year in real estate
52 6 condolife magazine | Jan. 16–Feb. 13, 2021
31
Legally Speaking Will you receive an adjustment on your real estate taxes?
36 47
38 32
Real Insight Behind the numbers
35
Personal Finance How to prepare for a home purchase in 2021
38
Condo Pro COVID vaccine could usher in a strong 2021 for real estate
66 Industry Report Minister’s zoning orders can be necessary tools for getting homes built
FEATURES
24 Special Report Outlook 2021
39 King’s Landing in Oak Ridges Family finds perfect townhome at new StateView residence
48 40 Upper West Side Condos Rewarding lifestyle offered at Branthaven’s new award-winning community
42 The Ambrose Condos Elite’s affordable boutique condo launching this spring
44 Twenty Condominium Mountainview Building Group offers luxury living in coveted Fonthill
INTERIORS
47 Interiors cover 48 Decor New look – new year!
50 Trend Watch Hot colours for 2021
52
Home Finds Creme de la creme
54 Big Style, Small Space Choosing the right art
nexthome.ca | myhomepage.ca 7
EDITOR’S NOTE
NEW YEAR, NEW OPPORTUNITY
WAYNE KARL EDITOR-IN-CHIEF Condo Life Magazine
EMAIL: wayne.karl@nexthome.ca TWITTER: @WayneKarl
+ get social 8 condolife magazine | Jan. 16–Feb. 13, 2021
We all looked so forward to the end of what we can all agree was not a great year in 2020 – at least from a societal and public health point of view. From a real estate perspective, things were decidedly more positive. Now, here we are early in 2021, the former challenges remain, and the latter – the strong performance of the housing market in the GTA and elsewhere in Ontario – is also still the case. Surprising though it may be. Indeed, 2020 finished on a high note in the housing industry. In new homes and condos, November sales were up 68 per cent from November 2019, and 58 per cent above the 10-year average. The benchmark price for new condos in November was $1 million, up 17.9 per cent over the last 12 months, while new single-family homes sat at $1.27 million, a 15.8-per-cent jump over that period. In the GTA resale market, December 2020 saw the third-best result on record, with 95,000 home sales, according to the Toronto Regional Real Estate Board. The average selling price reached a new record of almost $930,000. All of this during a pandemic. Will 2021 continue these remarkable results? Our Outlook 2021 Special Report that begins on page 24 explores this question and other issues. Consider, for example, what Anson Kwok, vicepresident of sales and marketing at Pinnacle International, has to say: “I’m excited for 2021. Our construction team was busy in 2020, and we are excited to have three projects taking occupancy in 2021, located in Toronto, Etobicoke and Mississauga. “We have seen a greater demand for more family-size condominiums from new sales and existing purchasers upsizing their initial purchases. The main factors driving this new trend being working from home, competitive single-family housing market and low interest rates.” Other comments in the feature and from our columnists in this issue also speak to what might lie ahead in 2021. And while it might not be realistic to say the ongoing pandemic won’t further impact the economy and housing market, there are some very good reasons why it might turn out to be another great year for real estate. Indeed, a new year represents new opportunity.
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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
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
Wayne Karl wayne.karl@nexthome.ca ManaGinG editor
rise Levy contributors
Jesse Abrams, Debbie cosic, barbara Lawlor, Linda Mazur, ben Myers, Lisa rogers, Jayson schwarz, Dave Wilkes senior vice-President, sales nexthoMe
CONDO PRO | BARBARA LAWLOR Barbara Lawlor is president and CEO of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in Canada and overseas. baker-re.com
Hope McLarnon 416.708.7987, hope.mclarnon@nexthome.ca senior Media consultants
Jessica Wilson 416.873.1049, jessica.wilson@nexthome.ca natalie chin 416.881.4288, natalie.chin@nexthome.ca diGital sales ManaGer
Amanda bell DECOR | LINDA MAZUR Linda Mazur is an award-winning, nationally publicized designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multidisciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds within Toronto, the GTA and throughout Canada. She can be reached by visiting lindamazurdesign.com or @LindaMazurGroup
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
STAT CHAT | BEN MYERS Ben Myers is President of Bullpen Consulting. Ben provides pricing recommendation, product mix, and valuation studies on new residential housing developments for builders, lenders and property owners. bullpenconsutling.ca
Josh rosset distribution
distributionteam@nexthome.ca accountinG inquiries
accountingteam@nexthome.ca director of Print Media
Lauren reid–sachs vice-President Production – Gta
Lisa Kelly BIG STYLE SMALL SPACES | LISA ROGERS Lisa Rogers is Executive Vice-President of Design for Dunpar Homes (dunparhomes.com). Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and as a regular guest expert for fashion and image, health and wellness and design on CityTV’s Cityline. Follow Lisa’s blog at craftedbylisa.ca. LEGALLY SPEAKING | JAYSON SCHWARZ Jayson Schwarz LLM is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. He can be reached by visiting schwarzlaw.ca or by email at info@schwarzlaw.ca or phone at 416.486.2040.
BILD REPORT | DAVE WILKES Dave Wilkes is president and CEO of the Building Industry and Land Development Association (BILD), the voice of the home building, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter at @bildgta or visit bildgta.ca
10 condolife magazine | Jan. 16–Feb. 13, 2021
Production ManaGer – Gta
Yvonne Poon GraPhic desiGner & assistant ManaGer
Alicesa Pullan GraPhic desiGner & Pre-Press coordinator
Hannah Yarkony GraPhic desiGners
Johannah Lorenzo, Mike terentiev, Alice Wu
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Catch up between issues at
nexthome.ca & enjoy these popular stories
HOMEBUYER INTENTIONS
Homebuyer intentions still strong, though buyers remain cautious – and discerning Prospective homebuyers in and around the GTA may be somewhat cautious with their purchasing intentions for 2021, given all that continues to unfold with COVID-19. But as our NextHome Real Estate Survey reveals, buyers are becoming more discerning about what and where they want to buy, and what they’re willing to pay for it.
CONSTRUCTION TRADES
BOLT program provides boost to under-resourced youth Given the important role trades play in the housing industry – especially during the pandemic – any program that provides a boost is worthwhile. Even better if it affords an opportunity to under-resourced youth.
NEW CONDO COMMUNITY
Capital North Communities creating champion communities – from start to finish Recognizing that many elements go into designing and constructing a home, Capital North Communities doesn’t just build housing, it also curates desirable places to live – the latest being Rose Hill Condos in Woodbridge.
MORTGAGE RATES
Where mortgage rates are headed in 2021 Should you buy a home now while rates are still low… or wait? Our mortgage columnist, Jesse Abrams of Homewise, offers his expert insight – and why you might not want to delay.
DEVELOPMENT
Plazacorp setting the standard for excellence with projects across the GTA Over the last decade and a half, Plaza has established itself as one of the Toronto area’s premiere condominium developers, and has set the standard for excellence in customer service.
INSIGHT
Where is the next hot spot for housing in the GTA? Where’s the next hot spot for real estate in the Greater Toronto Area? Industry consultant Ben Myers has a few ideas...
NEIGHBOURHOOD PROFILE
Markham one of the hottest real estate markets in all of Ontario Visit or check us out on 12 condolife magazine | Jan. 16–Feb. 13, 2021
@condolifemag
nexthome.ca CondoLifeMagazine
@condolifemagazine
in the spotlight
GTA NEW HOME MARKET IN NOVEMBER CONTINUES RECENT PERFORMANCE The GTA new home market in November saw a continuation of recent trends, according to the Building Industry and Land Development Association (BILD). It was another strong month for sales of new single-family homes, including detached, linked and semidetached houses and townhouses (excluding stacked townhouses), with 1,914 units sold, according to Altus Group, BILD’s official source for new home market intelligence. This was up 68 per cent from last November and 58 per cent above the 10-year average. Condominium apartments, including units in low-, mediumand highrise buildings, stacked townhouses and loft units, accounted for 1,836 new home sales, down 49 per cent from November 2019 and 32
new home market in the GTA will demonstrate its strength as the region emerges from the pandemic.” The benchmark price for new condominium apartments in November was $1 million, which was up 17.9 per cent over the last 12 months. The benchmark price for new single-family homes was $1.27 million, up 15.8 per cent over that period.
per cent below the 10-year average. “It was a busy summer and fall in the GTA new home market, as the pent-up demand from our lockeddown spring worked its way through the system,” says David Wilkes, BILD president and CEO. “With the arrival of winter, we are entering what is typically a quiet time in the market. We are optimistic that the overall
november new home sales by municipality condominium units region Durham Halton Peel Toronto York GTA
2020 36 448 72 819 461 1,836
2019 290 117 390 2,192 622 3,611
2018 410 90 758 1,430 92 2,780
single-family homes 2020 737 275 191 32 679 1,914
2019 217 117 250 34 518 1,136
2018 51 92 64 8 144 359
total 2020 773 723 263 851 1,140 3,750
2019 507 234 640 2,226 1,140 4,747
2018 461 182 822 1,438 236 3,139
Source: AltuS Group
DECEMBER SEES RECORD RESALES AND 2020 AVERAGE SELLING PRICE Despite an unprecedented year due to COVID-19, the GTA resale market in December 2020 saw the thirdbest result on record, with 95,000 home sales, according to the Toronto Regional Real Estate Board (TRREB). The average selling price reached a new record of almost $930,000. “The Greater Toronto Area housing market followed an unfamiliar path
in 2020,” says TRREB President Lisa Patel. “Following the steep COVIDinduced drop-off in demand during the spring, home sales roared back to record levels throughout the summer and fall. A strong economic rebound in many sectors of the economy, ultra-low borrowing costs and the enhanced use of technology for virtual open houses and showings fuelled and sustained the housing market recovery.” “While the housing market as a whole recovered strongly in 2020, there was a dichotomy between
gta resale average prices, december 2020 (yr/yr % change)
The One Stop Shop for Builder Storytelling mcouatpartnership.com
the single-family market segments and the condominium apartment segment,” adds Jason Mercer, TRREB chief market analyst. “The supply of single-family homes remained constrained resulting in strong competition between buyers and double-digit price increases. In contrast, growth in condo listings faroutstripped growth in sales. Increased choice for condo buyers ultimately led to more bargaining power and a year-over-year dip in average condo selling prices during the last few months of the year.”
Detached Semi-detached Townhome Condo
416 $1.47M (8.1) $1.16M (15.3) $842,902 (17.6) $625,828 (-4.7)
905 $1.17M (22.7) $829,437 (17.4) $746,130 (13.3) $540,472 (6.3)
total $1.24M (17.7) $939,660 (16.6) $768,474 (14.1) $600,840 (-2.0) Source: trreB
14 condolife magazine | Jan. 16–Feb. 13, 2021
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In the spOtlIght
HEALTHY HOME pricE GrOWTH TO CONTINUE IN 2021: rEMAX ReMax Canada is anticipating healthy housing price growth in 2021, with move-up and moveover buyers continuing to drive activity in many regions. An ongoing housing supply shortage is likely to continue, presenting challenges for homebuyers and putting upward pressure on prices. Due to these factors, the 2021 ReMax Housing Market Outlook Report estimates average residential sales prices in Canada will increase between four and six per cent. “We’ve seen a lot of anecdotal evidence since the summer that households are considering significant lifestyle changes by relocating to less dense cities and neighbourhoods,” says Christopher Alexander, executive vice-president and regional director, ReMax of Ontario-Atlantic Canada. “This has sparked unprecedented sales this year in suburban and rural parts of Canada and we expect this trend to continue in 2021.” Despite the disruption of the virus, consumers are feeling optimistic, according to a Leger survey conducted on behalf of ReMax Canada, with 52 per cent of
Canadians eyeing real estate as one of the best investment options in 2021. An increase in housing market activity that came post-lockdown during the first wave of the pandemic last summer is a good indication of what may lie ahead. COVID-19 ImpaCt
While many economists predicted employment disruptions would negatively impact the Canadian housing market, the pandemic directly influenced only six per cent of Canadians to sell their home, according to the survey. Furthermore, 40 per cent of Canadians realized that their home needed renovations during the pandemic, and 29 per cent discovered that they need more space. When it comes to where Canadians would prefer to live – urban, suburban or rural – they are evenly split, with roughly three in 10 preferring to live in each area. In fact, many suburban markets across the country have been heavily impacted by out-of-town buyers, a segment that is expected to drive market activity in 2021. OntarIO market
According to the ReMax broker
network in Ontario, market activity across the province is estimated to remain very steady in 2021, with the potential for average sale price increases of between seven and 12 per cent in regions such as London (10 per cent), Kitchener-Waterloo (seven per cent), Hamilton-Burlington (seven per cent), Niagara (12 per cent), and Kingston (10 per cent), Cornwall (10 per cent) and Thunder Bay (10 per cent). This is being attributed to high demand and low supply, coupled with shifting home-buying trends toward local liveability factors such as more space, larger yards and closer proximity to amenities like parks. The urban-to-suburban buyer interest in Ontario has impacted Toronto’s downtown core, specifically for condos, which is currently a buyer’s market. Supply levels throughout Toronto are continuing to drop and are not expected to improve in 2021, which will impact average home prices. Immigrants are also expected to drive some market activity next year, which alludes to those coming to Toronto for education purposes, along with the expected influx of immigration from outside the country.
aVerage prICes, seleCt OntarIO markets market
2019
2020
2021 est.
Barrie
$492,779
$547,621
$569,525
Brampton
$727,035
$835,088
$876,830
Durham Region
$611,342
$696,351
$717,241
Hamilton-Burlington
$569,919
$651,418
$697,017
Kitchener-Waterloo
$530,376
$630,820
$674,977
Mississauga
$760,345
$880,374
$915,588
Niagara
$449,410
$533,198
$597,181
Oakville
$1.026M
$1.169M
$1.227M
Toronto
$819,832
$918,883
$974,015
Source: reMax 2021 canadian HouSing Market outlook
16 condolife magazine | Jan. 16–Feb. 13, 2021
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In the spotlIght
NYX Capital to build miXed-use midrise condo at YoNge & lawreNCe in toronto NYX Capital Corp has acquired several Toronto retail properties at 3180 to 3202 Yonge St., near the intersection of Yonge St. and Lawrence Ave., for a planned residential development. The project is to include a midrise building of nine to 12 storeys, with a retail podium at grade and 109 residential condominiums on upper floors. Centrally located and well connected, the site is steps from the Lawrence subway station and a 20-minute commute to downtown Toronto. Nestled between the affluent neighborhoods of Lawrence Park and Bedford Park, the site is near prestigious schools, York University’s
Glendon College Campus and amenities, including banks, shops and food service options along Yonge St. “I believe we have developed a great vision for this site, which will improve the urban landscape of the area and introduce a much-needed residential product that fits the neighbourhood,” says NYX Capital CEO Yashar Fatehi. “We look forward to working with our area councillors and city staff towards realization of our vision.” NYX Capital Corp. is a Torontobased private equity real estate investment firm, with investments in commercial, residential industrial and self-storage development projects
throughout Canada, currently managing $620 million in assets. nyxcapital.com
iN2itioN realtY, orioN realtY team up for peel ChildreN’s aid In2ition Realty and Orion Realty Corp. recently teamed up to provide some important seasonal support to Peel Children’s Aid Foundation. The foundation provides children and families with food, basic hygiene supplies, clothing and toys throughout the year, and even more so during the holidays. With giving back to the community a top priority at In2ition, the new home sales and marketing firm was determined not to be deterred by the challenge brought about by
18 condolife magazine | Jan. 16–Feb. 13, 2021
COVID-19. Due to health regulations, collecting items wasn’t permitted, nor was the company able to host a holiday event to encourage donations. “Our focus became to raise as much money as possible,” says In2ition CEO and Founder Debbie Cosic. Money raised would go towards Peel CAF’s ability to purchase items for the hundreds of families the organization supports. Cosic and Orion Real Estate Corp.’s Broker of Record, Ralph Del Deca, then committed to matching all donations. With only a few weeks until Christmas, the team began an outreach for donations, with a goal of $20,000. Contributions from staff, family, builders, broker partners and industry friends quickly poured in, and within days the funds collected hit $15,000. In2ition created a “socially distanced” Santa scene in the parking lot of its Mississauga office for all those who missed out on their usual seasonal Santa photos.
By Dec. 12, $21,352 was raised, and Cosic and Del Deca matched that amount – for a total of more than $40,000. “We couldn’t have done this without the support of more than 100 donors,” says Cosic. “It was an honour for us to be able to give back in such a large way, and we look forward to continuing to work with Peel CAF to bring even more happiness, smiles and joy to those who need it.” in2ition.ca
IN THE SPOTLIGHT
CAMROST FELCORP BREAKS GROUND AT TOWER EX2 AT THE EXCHANGE DISTRICT GTA developer Camrost Felcorp recently broke ground for Tower EX2 at The Exchange District, its master-planned condo community located at 151 City Centre Drive, between Hurontario and Duke of York, in Mississauga. The Exchange District is a new master-planned community destination coming to downtown Mississauga. Comprising four residential metal and glass towers constructed with rotating offset symmetrical blocks, Exchange District is positioned to evolve the Mississauga skyline and reinvigorate the area of the city centre. Created as a dynamic, multi-use destination with more than twomillion sq. ft. of retail, shopping, dining, office and commercial spaces, a boutique hotel, new lush parks and thoughtfully designed public spaces, Exchange District will provide convenience, community and a central hub for residents of Mississauga’s growing downtown.
Left to right: John Kovac, City of Mississauga Ward 4 Councillor; Joseph Feldman, vice-president, development, Camrost Felcorp; Bonnie Crombie, mayor of Mississauga; Marc Feldman, development and financial accounting, Camrost Felcorp; David Feldman, president and CEO, Camrost Felcorp; and Angela Feldman, executive vice-president, Camrost Felcorp.
Condo suites are available in onebedroom plus den, two-bedroom and two-bedroom plus den configurations, ranging in size from 620 to 1,053 sq. ft. from the $700,000s. Highlight amenities include the Sky Restaurant on 41st floor, extensive
at-grade retail along future Exchange Street, with proposed boutique hotel, cafes and restaurants; and a pedestrian piazza with retail, restaurants and an outdoor event space. theexchangedistrict.com
TACKLING DEBT REMAINS CANADIANS’ NUMBER ONE FINANCIAL PRIORITY As tax season approaches in what experts say is a pivotal year for Canadians’ personal finances, a study from CIBC highlights that paying down debt remains the top priority in 2021. “Says Carissa Lucreziano, vicepresident, CIBC Financial and Investment Advice: “If (last) year taught us anything, it’s that we don’t always know what’s coming next, and the best buffer for the unexpected is to be prepared with a plan and be open to adjusting it when circumstances change.” CIBC offers the following tips for financial management during uncertain times: • CASH-FLOW PLANNING: Keep
track of all your income, whether through paycheques, government benefits, rental properties, investments or others. Then, track your spending, to get a realistic picture of where your money is going and where you can cut back.
external environment may pose, focus on your financial goals and remain open to revising your plan to meet your ambitions.
• CONSIDER CONSOLIDATION AND CREDIT-PLANNING: An advisor
can assess your overall debt loads, interest rates and costs associated with each. Then you can determine best steps to repayment, including combining multiple debts into one loan to better manage payments and lower interest costs. • STAY FOCUSED AND FLEXIBLE:
No matter what challenges the nexthome.ca | myhomepage.ca 19
ADVICE | STAT CHAT
WHat to eXpect in tHe 2021
NEW HOUSING marKet ben mYerS Last year was certainly the strangest and most challenging of my life. Like most of you, I spent a lot more time at home. Because we were staring at the same space more frequently, my wife and I got the itch to make some changes. We purchased a new couch, and for the first time in more than 10 years, I bought a new TV. If the housing data is any indication, there were a lot of people in the GTA in late 2020 making much bigger investments in their living situation than their seating and entertainment options. New singlefamily home sales surged over the last six months, and the latest data from the Building Industry and Land Development Association (BILD) noted that detached, linked and semi-detached houses recorded 1,914 sales in November 2020 (according to Altus Group, BILD’s official source for new home market intelligence). These figures for the GTA were up 68 per cent from November 2019 and 58 per cent compared to the 10-year average. In the resale market, the GTA figures were very strong, too, with singledetached transactions rising 30 per cent annually, semi-detached sales up 34 per cent and townhouse sales 31 per cent, according to the Toronto Regional Real Estate Board (TRREB). Who could have possibly forecast this type of massive growth during a global pandemic? Along with my co-host Steve Cameron, I interviewed Canada Mortgage and Housing Corp.’s local market analyst on our Toronto Under Construction podcast early in the pandemic. Dana Senagama discussed CMHC’s forecast
20 condolife magazine | Jan. 16–Feb. 13, 2021
that called for a decline in house prices both nationally and in the GTA over the following 18 months. That period is not over yet, but I think that prediction is going to be very wrong. Pricing for single-family properties have skyrocketed, with the average price in the GTA up 16 per cent to $1.27 million, per Altus, with TRREB showing single-detached resale pricing increasing to $1.20 million – a 15-per-cent annual jump. It’s clear that many people with the financial ability to move were doing so in 2020. Some buyers wanted larger homes so they could stretch out, others wanted properties with ample outdoor space, while another popular feature was home offices. Cottages and rural properties became very popular as second home destinations for people looking to escape the density of the city. The one section of the market that wasn’t red hot was condominiums. New condo sales were respectable, but high-priced downtown properties experienced slower absorption, as rental rates have tumbled (down 20 per cent annually in Toronto, as per the latest report from rentals.ca and Bullpen Consulting). Resale condo transactions were up seven per cent annually in November 2020, but prices fell into negative territory, dropping two per cent year-over-year in the GTA. The reasons for the condo decline are well documented – less tourism caused many owners of short-term rentals to sell, immigration has plummeted, international student populations are way down, fewer recent graduates are starting work in the downtown towers, and many professional couples have accelerated their “move-up” timeline and purchased a single-family home outside Toronto. Another factor is people just don’t want to be in
elevators with others right now. However, at what point do young folks who felt they were priced out of Toronto forever take advantage of the lower prices and rock-bottom interest rates and buy in the core? How fast do the vaccinations occur and COVID numbers drop, prompting employers to bring their workers back to the office? How quickly do Ryerson, U of T, George Brown and other colleges and universities pack lecture halls again? When do investors decide pricing has hit bottom and try to swoop in to get the best deals before the market shoots up again? These are all tough questions to answer. My expectations are that the rapid growth in the single-family sector will tail off, the market will remain strong, but don’t expect another year of double-digit price growth in the new and resale markets. New and resale condos will likely be weak for the first three to four months of the year, but start to pick up steam in the late spring and summer. There will be a number of successful new condo launches in the fall of 2021, as consumer confidence returns and price growth is reported in the resale market. Before buying your next property, do a lot of research and surround yourself with a quality team, including an experienced real estate agent and mortgage broker. Good luck! Ben Myers is President of Bullpen Consulting, a boutique residential real estate advisory firm specializing in condominium and rental apartment market studies, forecasts and valuations for developers, lenders and land owners. bullpenconsulting.ca Twitter@benmyers29
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Join us in planting 2 million trees near the 401 Highway of Heroes in honour of the Canadian men and women who served during times of war, and the 117,000 who sacrificed their lives.
If you have a hectare or more of land, within 15km of the Highway of Heroes (401 from Trenton to Toronto), you may be eligible to plant trees for as little as 10 cents/tree. Trees add value to your property. They act as natural wind and snow breaks while mitigating the effects of climate change, cleaning and cooling the air, and maintaining water.
For more information contact April Stevenson - 1.844.277.HERO (4376) - april@hohtribute.ca & visit hohtribute.ca/plp
#InsidetheGTA GTA
by SuSan leGGe
ROYAL PORT UNDER CONSTRUCTION
THE LUXURY CONDOS of Royal Port are taking shape in historic Port Dalhousie, next to Lake Ontario, steps from Dalhousie Yacht Club and the Waterfront Walking Trail. Built by Rankin Construction Inc., a video of the project on the company’s website says the site is 80 per cent sold. Check out the remaining suites online. Occupancy is slated for 2021. royalport.ca
James Laird, co-founder of ratehub.ca and president of CanWise Financial mortgage brokerage, breaks down his 2021 mortgage and housing predictions.
1
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4
BoC rate will stay put
There will be no new mortgage regulation introduced in 2021
Condos will still be tops for first-time buyers
Bond yields will be higher, fixed rates will follow
With focus being on the pandemic recovery, no new measures will be put in place to make it any harder for homebuyers to qualify for a mortgage.
With home values surging, condominiums will likely be the first and possibly only option for priced-out first-time homebuyers.
canadians can expect bond yields to rise, which will cause mortgage providers to modestly increase fixed rates.
the Bank of canada will leave the overnight lending rate unchanged for the entire year. the Bank will be patient in raising rates until prepandemic economic indicators are achieved.
22 condolife magazine | Jan. 16–Feb. 13, 2021
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DID YOU KNOW?
As of Jan. 1, Ontario developers are required to provide purchasers of new or pre-construction residential condos with a copy of the new Residential Condominium Buyers’ Guide to help condo buyers make informed purchasing decisions. condoauthorityontario.ca
The debut of Debut in Barrie
Line 5 project breaks ground Reserve Properties and Westdale Properties marked the start of construction for Line 5 with a small ground breaking ceremony recently. Located at Yonge and Eglinton, a rapidly developing transit node in the city, Line 5 is the first of several projects slated for the area by this development team. “The impact of the new LRT will be transformational for Yonge and Eglinton. With rapid transit soon to be available in every direction, we see this area emerging as the
new centre of Toronto,” says Shane Fenton, chief operating officer, Reserve Properties. The two-tower project responds to how residents will live, work and connect, with the transformation of the Yonge-Eg area with LRT. With $5.3 billion in capital investment and 19 km of rapid transit intersecting Toronto’s main subway artery, Yonge and Eglinton is emerging as one of the most connected and important mobility hubs in the country. line5condos.com
Thrive in Smithville West coming soon Popped into Smithville in West Lincoln, Ont., where Marz Homes is building the community of Thrive in Smithville West. Comprised of modern towns and singles surrounded by walkable amenities such as schools and shopping, the location is situated between Niagara Falls and Hamilton, just 20 minutes from the QEW. Smithville has five schools, including four elementary and one secondary. Check out this unique family-friendly location at marzhomes.com.
A new condo community is coming to 55 Dunlop St. in Barrie. Priced from the high $400,000s, Debut Waterfront Residences is located in the heart of the city’s downtown and business sector, overlooking Lake Simcoe. The new community includes twin 33-storey towers joined by a podium with a pedestrian mews at street level, featuring curated retail shops. Debut’s amenities include an infinity plunge pool overlooking Lake Simcoe, indoor boardroom, entertaining and dining spaces, and a terrace with outdoor dining, fire pit and amphitheatre. Barrie is booming, and the provincial, federal and local governments are pouring significant infrastructure dollars into the city as they recognize it as one of the fastest growing cities in Canada. Debut is the first highrise project to launch in Barrie. The developer, Gary Silverberg of Barrie Waterfront Developments, changed the zoning to allow highrise in the area with the launch of this new community. debutcondos.com
I’m always looking for events and new happenings to explore. Send your tips to: susan.legge@nexthome.ca nexthome.ca | myhomepage.ca 23
OUTLOOK 2021 | SPECIAL REPORT
2021: WHY IT MIGHT TURN OUT TO BE A GREAT YEAR FOR REAL ESTATE By WAYNE KARL
Well, thank goodness that’s over. This was a common refrain, as we all looked forward to the end of what was not a great year in 2020 – at least from a societal and public health point of view. From a GTA real estate perspective, it was a different story, as 2020 was actually a strong year that finished on a high note. In new homes and condos, November sales were up 68 per cent from November 2019, and 58 per cent above the 10-year average. The benchmark price for new condos was $1 million, up 17.9 per cent over the last 12 months, while new single-family homes sat at $1.27 million, a 15.8-per-cent jump over that period. During a pandemic. On the resale side, December 2020 saw the third-best result on record, with 95,000 home sales, according to the Toronto Regional Real Estate Board, while the average selling price reached a new record of almost $930,000. All of this, during a pandemic. “The year just ended will easily go down as the most surprising in the history of Canada’s housing market,” RBC 24 condolife magazine | Jan. 16–Feb. 13, 2021
Economics summarized in its Jan. 6 Focus on Canadian Housing report. Now, here we are early in 2021, and the challenges of COVID-19 remain. Still, many experts – including those in this special report and in columns in this issue – believe housing markets in the GTA and elsewhere in Ontario are poised for another strong year. How? Why? Let’s explore some of the key reasons. INTEREST RATES TO REMAIN LOW
“It’s no secret that 2020 was a year of unexpected twists and turns, but let’s not forget the things that worked out in our favour,” says Jesse Abrams, co-founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. “For Canadian homebuyers, in particular, interest rates hit record lows and encouraged considerable activity and opportunity in the marketplace. As we head into a new year with high hopes and low rates, there are many homebuyers enthusiastic and ready to enter the housing market or buy their next home.”
COMFORTABLE AND LIVEABLE This year, we plan to continue to develop residential projects that include expansive suites to make condo living more comfortable and liveable for multi-generational families, working parents, young professionals and homebuyers that respond to all tiers of the market. Toronto and Vancouver remain Aoyuan’s focus for future development, and we anticipate moving forward with more projects in both cities this year. In Toronto, we continue to build our upcoming 8.6-acre M2M master-planned community at Yonge and Finch in the North York area, which includes five residential towers, approximately 180,000 sq. ft. of office and retail space, daycare facilities, community centre and a new public park.
FAN YANG General Manager (Canada) Aoyuan International aoyuaninternational.com
INCREDIBLE RESILIENCE Toronto’s condo segment has shown incredible resilience over the long term, and in particular in response to the unprecedented headwinds of 2020. We expect the market to improve in 2021 as a result of several key factors, including effective vaccines, continued low interest rates and greatly enhanced immigration. We anticipate the first six months of the year will be characterized by increasingly availabile immunization programs, and that thoughtfully designed and well-situated buildings will outperform in the first half of 2021. CentreCourt’s 8 Wellesley project will be one of the very first launches of 2021. We recently started sharing our vision for this launch and are excited by the incredible response and robust demand. The launch of 8 Wellesley will be a bellwether for the rest of the industry, demonstrating that purchasers continue to see immense value in luxury downtown projects that are thoughtfully designed and situated on the doorstep of higher order transit.
GAVIN CHEUNG In its most recent interest rate announcement, the Bank of Canada again maintained its target for the influential overnight rate at 0.25 per cent – and indicated it may do so until into 2023. Data for the third quarter of 2020 showed strong economic rebound following the sharp decline in Q2, and economic momentum heading into Q4 appeared stronger than what was expected in October, BoC says. COVID restrictions in some areas will weigh on growth in Q1 2021 and cause a “choppy” trajectory until a vaccine is widely available, and Canada’s economic recovery will continue to require monetary policy support. Translation? Interest rates aren’t going anywhere, anytime soon – quite likely remaining at their current low level for at least the entirety of 2021, as the economy needs time – and help – to recover. For its part, economic research organization CD Howe Institute recommends the target rate remain at 0.25 per cent until December 2021 at least.
Vice-President CentreCourt centrecourt.com
POSITIVE INDICATORS This year promises to be better than the one we have left behind. People are feeling that there is light at the end of the tunnel and are much more upbeat about the months ahead. We are seeing a lot of positive indicators for the market, with a number of new projects planning to launch. There’s pent-up demand for new home product, we have extremely low interest rates, and more and more people are building funds for purchasing. And as a result of COVID and working from home, many are seeking more space and are looking to purchase a larger property than they once thought they could afford.
MICHAEL DIPASQUALE Chief Operating Officer Dunpar Homes dunparhomes.com nexthome.ca | myhomepage.ca 25
VIBRANT AND BUSY Last year saw considerable speculation that the GTA real estate market would be severely affected by the pandemic, but surprisingly, this was not the case. The condo market outside of downtown Toronto, lowrise, resale and cottage properties all saw an increase in pricing. Key to this growth was the terms builders were offering to help the buyers achieve their purchases. This year promises to be a vibrant year. However, with affordability being a key element for buyers, we see many adjusting the way they live, and some are looking outside of Toronto to buy a home. Add to that the current low interest rates and people are now able to purchase a larger property than they initially imagined. The condo market in Toronto will bounce back once the pandemic is under control and workers and new Canadians look for housing in the city. All of these factors contribute to what we believe will be a busy selling year for 2021.
MARK COHEN Managing Partner The Condo Store Marketing Systems condostorecanada.com
OPTIMISTIC OUTLOOK We have an optimistic outlook for 2021, with COVID vaccines becoming more broadly available, historically low interest rates and increasing immigration targets. We believe buyers will be active but will place more significant focus on investments that will appreciate in value and make a real contribution to city building with master plans and transit infrastructure. Our upcoming master-planned development, Grand Central Mimico – the first official transit-oriented development in Ontario, done in partnership with Metrolinx – will cater to this demand. This transit-oriented community, anchored by the Mimico GO station, will include more than two million sq. ft. of mixed-use development, including welldesigned public spaces, retail and residential density.
JOHN VANDYK Founder, President & CEO Vandyk Properties vandyk.com
ACTIVE AND PROMISING We are forecasting a very active and promising 2021, with pricing holding strong along with market demand. Toronto has an esteemed reputation globally, and with low borrowing rates and strong immigration numbers, paired with a widespread distribution of the COVID-19 vaccine, we expect our incredible city (and its restaurants, sporting events and cultural programming!) to come back to life in the latter half of this year. From this citywide re-energization, we foresee an increase in buyer confidence to support the many great sites to be brought to market with much success, including our ninestorey boutique Annex residence project at 500 Dupont, and X02, our King West Development at King and Dufferin in downtown Toronto.
BRIAN BROWN Principal Lifetime Developments lifetimedevelopments.com
26
INDUSTRY RESPONSE TO COVID-19
The pandemic and associated restrictions are not just having an impact on the economy and housing markets, but also on how people physically look for new homes. Large scale public grand openings are on hold, with builders, marketers and consumers all having to rely more on innovation and technology. And it’s working. “Last year was a challenging one, with the pandemic forcing the closing of new home and condominium sales offices for months,” says Debbie Cosic, founder and CEO of In2ition Realty. “And yet we had the best year in the history of our company. “We spent time working with our management staff and developers via phone, email and online to strategize for our upcoming new home and condo launches. Once restrictions eased up, we had multiple sellouts as a result of pent-up demand. We devised innovative ways to complete online deals, which represented 50 per cent of our business. We are doing the same this year, as we plan for more than 20 launches in 2021.” Builders and developers have routinely adapted, devising creative ways to promote, launch and market their properties via expanded Internet presence and extensive use of social media. “The table is set for a strong entry into 2021,” says Barbara Lawlor, CEO of Baker Real Estate Inc. “We have learned to sell virtually, successfully, despite pandemic restrictions, and technology has definitely been our friend. Being able to complete sales, right down to signing agreements, has paved the way for people all over the globe to purchase. I am proud of how our industry has risen to the challenge.” If, as many experts believe, the COVID challenges are short term, and once the vaccine is fully rolled out and the recovery takes root, things could take off. And quickly. In the meantime, though some real estate markets are affected, opportunities do exist. One of them is in condominiums. (See The Appeal of Condominiums, further below.)
FLOURISHING YEAR LOCATION, LOCATION, LOCATION
What does this mean to you? Most prospective homebuyers understand the traditional golden rule of real estate is “location, location, location.” But everything is changing, and new trends are emerging. More and more people, for example, are looking for bigger homes, more space, larger lots – and some even for out-of-town properties that are conducive to those features. Or in the condo category, features that address their changing needs, such as working from home and technology. In our recent NextHome Real Estate Survey (story published in our Dec. 5, 2020 issue), for example, 53.29 per cent of prospective buyers said they were willing to look outside of the 416 and 905 areas. And in terms of what new home and condo features were most important to them, more than 51 per cent cited proximity to greenspace and other natural amenities, followed by work-from-home spaces at more than 30 per cent. And, as always, being close to highway access (28.71 per cent) and transit (28.39) is highly desired. And no matter where or what you buy, don’t forget this simple but critical fact that escapes many consumers: Real estate is local. There is no such thing as a Canadian housing market, just as there’s no Canadian traffic or Canadian weather. What’s most important to you is what’s happening in your market. When you buy a home, you don’t buy a national or provincial market. You buy one property, on one street, in one neighbourhood, in one city and region. So, forget the national headlines. Examine what’s happening in your market. The same applies to the economy. ONTARIO ECONOMY
All the uncertainty related to COVID aside (and you should always include an assessment of the local economy in your pre-buying research), the economy could rebound quicker than some initially thought. Why does this matter?
The market will remain positively robust for 2021 due to a few predominant factors. Demand for townhomes and single-detached homes has been accelerated by the pandemic, as homeowners are now working from home and the overall importance of a home has changed. Homeowners now want to take advantage of maximizing space and value for their home. There were record-breaking sales in lowrise in 2020. Southwestern Ontario recorded the largest volume of sales in 2020, as homebuyers relocated to secondary markets outside the GTA. Your average pre-construction price per sq. ft. in Southwestern Ontario is approximately $600 per sq. ft., compared to approximately $1,200 per sq. ft. in the GTA. For example, pricing on homes in Hamilton saw nearly a 10-per-cent increase in 2020, despite the pandemic, and this increase will continue in 2021. Affordability and availability have been driving factors of this new trend. Another new trend due to affordability, supporting the lowrise markets, has been multiple families purchasing together, sharing the costs and residing in one home. The luxury market will remain strong, with an influx of international buyers and empty nesters relocating. There has been a great demand from people wanting to relocate to Canada, as our country has officially become the most desirable place to live in the world based on Google search data, topping 30 other countries. It is the second-best country in the world to live, and number one for best quality of life, according to U.S. News & World Report, for the past five years. Affordable condominiums with flexible and stretched out deposit structures are now being designed with thoughtfully curated outdoor amenities, more spacious suites with workspaces, and large balconies and terraces. First-time homebuyers can get into the market now, taking advantage of historically low interest rates. These rates are here to stay for the foreseeable future, and will further assist economic growth. Getting all Canadians vaccinated will only boost homebuyers’ already high confidence, and the federal government’s plan to increase immigration will further propel the housing industry. Canada will welcome more than 1.2 million immigrants over the next three years, accepting 401,000 new permanent residents in 2021, 411,000 in 2022 and an additional 421,000 in 2023. These factors are all conducive to creating another flourishing year for real estate in 2021.
KIM KOPYL Vice-President, Sales & Marketing Elite Developments elitemdgroup.com nexthome.ca | myhomepage.ca 27
EXCITED FOR 2021 We had a strong 2020, so I’m excited for 2021. Our construction team was busy in 2020, and we are excited to have three projects taking occupancy in Toronto, Etobicoke and Mississauga. We have seen a greater demand for more family-size condominiums from new sales and existing purchasers upsizing their initial purchases. The main factors driving this new trend is working from home, competitive single-family housing market and low interest rates. For the same reasons, investors are still seeing preconstruction condominiums as a solid investment vehicle. Once it is safe to do so, immigration and international students will play an instant role in a stronger rental market.
ANSON KWOK Vice-President, Sales & Marketing Pinnacle International pinnacleinternational.ca
GROWING DEMAND The residential market for lowrise homes and smaller apartment condominium blocks will remain strong in 2021, and in fact demand will grow because of a low interest rate environment and issues related to COVID-19. Many people want more space and are working from home, and they don’t mind driving further to smaller communities where cost of housing is lower. Even after COVID is gone, hopefully soon, working from home may become permanent for a lot of people. The community, nature, environment and good quality houses will become more important than the distance to GTA. Also, many are choosing to live away from the hustle and bustle of the GTA, which for some has become unaffordable. Although the market will be strong, we will need to be acutely aware of precautions for staff and trades due to COVID-19. In addition, we will need to monitor cost of materials and labour, as we have already seen increases in lumber pricing recently.
SHAUN LEVY Vice-President, Finance & Operations Flato Developments flatogroup.com
FAITH AND CONFIDENCE Despite the challenges COVID-19 posed in 2020, we had a surprisingly successful year in new home real estate, especially lowrise. In the fall, we saw the strongest September for lowrise sales since 2003. October and November sales were up 44 and 68 per cent, respectively, over those same months from the previous year. We now have a COVID vaccine, and remarkably low interest rates are expected to continue for the foreseeable future, fueling an even stronger year ahead. We’ll launch sales for the second phase at NAO Towns in Markham during the first quarter of the year, and I have so much faith in our housing market that we’ll bring several other communities to market after that.
JULIAN UCCELLO Vice-President of Operations StateView Homes stateviewhomes.com 28
Because a strong economy, and the underlying fundamentals, are everything when it comes to real estate, specifically, the demand for housing. Economic growth produces job opportunities, which leads to population growth, housing demand and new home development. And why is it especially important now? Because, as we have written before in Condo Life, Ontario has been a strong performer before, during and – while there are no guarantees – quite likely will be after the pandemic. THE APPEAL OF CONDOMINIUMS
In its latest Market Survey Forecast, Royal LePage is forecasting the GTA will see aggregate home prices increase 5.75 per cent year-over-year to $990,300 this year. The median price of a standard two-storey home is expected to rise 7.5 per cent to $1.18 million, while the median price of a condominium is forecast to increase 0.5 per cent to $600,800. The relatively flat median price projection for condos reflects a modest increase in median price for units in the 905 area, offsetting a slight dip in median price in Toronto. So, while in the short term, at least, condos experience a bit of a pause in terms of price growth, it actually represents an opportunity for would-be buyers. “Softer condo prices are now drawing more buyers in,” RBC Economics says. “Existing condo sales soared virtually everywhere in December. We expect condos’ growing affordability advantage over single-detached homes will boost demand in 2021.” As COVID concerns subside, it’s possible, if not quite likely, that buyers, or new immigrant buyers, will refocus on Toronto, specifically downtown and areas along subways and other major transit lines. So, looking a little more long-term (and experts advise you should, anyway, with real estate) the future of condos could quickly brighten.
ADVICE | HOME REALTY
ON TRACK FOR 2021 TO BE A GREAT YEAR IN REAL ESTATE
DEBBIE COSIC
Last year was a challenging one, with the pandemic forcing the closing of new home and condominium sales offices for months. And yet, at In2ition Realty, we had the best year in the history of our company. During the shutdown, we remained bullish and kept our team focused and working at home to prepare for the postpandemic return. We spent time working with our management staff and developers via phone, email and online to strategize for our upcoming new home and condo launches. Once restrictions eased up, we had multiple sellouts as a result of pentup demand. We devised innovative ways to complete online deals, which represented 50 per cent of our business. We are doing the same this year, as we plan for more than 20 launches in 2021. We are excited about this year. We have a vaccine now, so once most of our population receives that, we can return to at least some sort of “normal.” We also look forward to the government opening immigration again. Once that happens, we will have a flood of buyers from international pent-up demand, and we could then see a massive housing shortage. In a lot of countries, owning real estate is not possible for financial reasons, so owning in Canada is a dream. Another factor with immigrants is that many of them move here and rent before buying – typically five years. So, we have people who came from other countries a few years ago looking to buy, right here, right now.
30 condolife magazine | Jan. 16–Feb. 13, 2021
“
Mortgage rates, remember, are a huge driver of sales.
Mortgage rates, remember, are a huge driver of sales. I recently saw a posted rate of less than one per cent. Can you believe that? These rates are historically low, and we won’t see them go up for the foreseeable future. Another consideration is the array of people who need housing. We have an aging population, with many baby boomers wanting to sell their large properties and downsize. First-time buyers want to own to start building equity for their futures. Growing families need larger accommodations. The other change brought about by COVID is an increased demand for lowrise homes, especially in the 905 areas, as people transitioned to working from home. We now have a work-from-home flex culture, which although it will never replace the workplace 100 per cent, companies are more open to it now more than ever before. Employers can scale down their offices to accommodate the trend. This is not to say that highrises in the city will be any less desirable. The
”
strength in our enormous successes is the affordability factor. Where else can you buy a property for $500,000 to $700,000? For first-time buyers and investors, condominiums are still the real estate of choice. Everything points to a very strong market in 2021, and we are standing firm with our positive outlook. We’ll get through this phase of COVID, and we’ll get back to business full force in the second quarter.
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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ADVICE | LEGALLY SPEAKING
REAL ESTATE TAXES ON CLOSING… WILL YOU RECEIVE AN ADJUSTMENT?
PATRICK SQUIRE & JAYSON SCHWARZ, LLM
You have moved into your new home, your finances have stabilized… and months later, you get a surprising set of property tax bills. When closing on a new build condominium or freehold property, you should always be aware that at the time of closing, the taxing authority has not yet assessed your property, so there is no tax being billed or collected on your new home. Months will pass before roll numbers are created for each new property. When the roll numbers are issued to the local municipality, a tax bill will be issued. This includes property tax charges back to the creation date of the new property, so you will receive what are called omit or supplementary tax bills. These charges can often include 12 to 18 months worth of tax obligations. You will also receive a tax bill for the current cycle as well. Most lawyers will brace their clients for this day of tax reckoning. If you are aware that this is coming, you will recall having been advised that both yourself and the builder signed an “undertaking to readjust” on closing. This is an agreement to adjust any financial matters set out in the statement of adjustments that require correction or adjustment after closing. It is our experience that the property taxes are ripe for adjustment when the accounts are finally issued. At closing, the builder
will make an educated guess on the current and future tax situation and adjust accordingly. As a buyer, you are responsible for property taxes from the day of closing, and the prior owner (the builder) is responsible for property taxes up to the day before closing. When you receive these bills, you have to check your closing documents to make sure that the builder has paid for their portion of the assessed taxes. In some cases, the builder will have taken a credit for payments it has not made or simply adjusted on land value, with an expectation that an adjustment will be called for. The situation will vary, but the point is that you have to check your closing documents against the tax bills to make sure that the builder has paid their share. For those who do this every day, it is quite simple to determine the correct adjustment once the bills
are issued, so most lawyers will welcome calls from their clients to help navigate the situation. A call to the municipal tax department is often required. If it is determined that an adjustment is necessary, builders tend to deal with it very quickly and efficiently with either a payment direct to the tax authority or reimbursement to you, the owner. It is important to pay attention to tax bills on your new build purchases, and make sure that you are not leaving money on the table. Often, you are entitled to money back. Patrick Squire, LLB and Jayson Schwarz, LLM are the senior partners at Schwarz Law Partners LLP a real estate and business law firm.
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nexthome.ca | myhomepage.ca 31
ADVICE | REAL INSIGHT
GTA SINGLE-FAMILY RESALE MARKET
STRONG IN NOVEMBER NOVEMBER LISA PATEL
The story of single-family home sales in November is no different from what we’ve seen in the latter half of 2020. GTA realtors reported 8,766 residential sales to TRREB’s MLS System, which is an increase of 24.3 per cent when compared to November 2019. GTA realtors also listed 11,545 new properties, up by 33.5 per cent from last year. Generally speaking, year-overyear growth in sales was stronger for single-family homes in the GTA regions surrounding the city of Toronto, but annual single-family growth rates remained robust in the 416 area code as well. Homebuyers continue to take advantage of very low borrowing costs, especially those looking to buy some form of single-family home. The competition between buyers for ground-oriented homes is extremely strong in many neighbourhoods throughout the GTA. Market conditions tightened in many single-family market segments, resulting in double-digit year-over-year increases in average selling prices for detached, semidetached homes and townhomes. In November, the overall average selling price was $955,615, up by 13.3 per cent when compared to last year. CONDO MARKET MORE BALANCED
On the other side of the market, condominiums are certainly more balanced than in previous years, with some buyers benefitting from 32 condolife magazine | Jan. 16–Feb. 13, 2021
2020
by the Numbers
$955,615 8,766 Average Selling Price
Total Residential Transactions
11,545
FOR SALE
Total New Listings Seasonally Adjusted Figures
Seasonality refers to a monthly (or quarterly) pattern that occursin roughly the same manner from one year to the next, e.g., salesare highest in the spring and lowest in the winter each year.
76%
Sales
$14K
Seasonally Adjusted Sales
$12K $10K $8K $6K $4K $2K $0
‘10 ‘11
‘12 ‘13 ‘14
‘15
‘16
‘17 ‘18 ‘19 ‘20
Sales-to-New Listings Ratio
* Ratio between the number of homes sold and new listings entering the market. Sales-to-listings ratio is normally around 50% during a balanced market. A higher ratio implies a seller’s market, while a lower ratio implies a buyer’s market.
lower selling prices when compared to last year. In addition, the number of new condominium apartment listings was almost double that reported in November of last year. More options in the condo market translated into a small year-overyear decline in the average unit selling price in the 416 area. However, this may be somewhat of a short-term phenomenon. Once we move into the postCOVID period, we will start to see a resumption of population growth, both from immigration and a return of non-permanent residents. This will lead to an increase in demand
for condominium apartments in the ownership and rental markets.
Lisa Patel is President of the Toronto Regional Real Estate Board, a professional association that represents 54,500 professional realtor members in the Greater Toronto Area. You can contact her at trebpres@trebnet.com. For updates on the real estate market, visit trreb.ca.
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NEIGHBOURHOOD WATCH
TORONTO ENTERTAINMENT DISTRICT PRESTIGIOUS DESTINATION ON THE RISE by WAyNE KARl
If you haven’t visited Toronto’s Entertainment District lately, you might not recognize this booming neighbourhood. Long a Toronto hot spot filled with some of the city’s best theatres and restaurants, the Entertainment District is in full-on transition mode – now also into becoming one of the most prestigious condo destinations. A PLACE TO LIVE
The Entertainment District, a condo community? Yes, that same area punctuated by such landmarks as Roy Thompson Hall, the Princess of Wales Theatre, TIFF Bell Lightbox and Canada’s Walk of Fame and known as a place to play and eat, is now becoming known as a place to live. Numerous large and high-profile condo developments and population growth is now leading to further expansion. More businesses are moving offices into the area, and – at least before COVID interrupted all our plans – bars and restaurants continued to expand. Essentially born in 1990s as an entertainment and tourist hub, with a burgeoning nightclub scene elbowing its away among the existing theatres and
restaurants, the early 2000s brought the first wave of a condo boom. More recently, SoHo Metropolitan Hotel & Residences and Festival Tower are among some of the notable condo projects that are up and running. ABUzz WITH ExCITEMENT
One key cultural attraction is TIFF Bell Lightbox, which opened in 2010 on the northwest corner of King Street and John Street. The first five floors of this 42-storey tower serve as headquarters for the Toronto International Film Festival, while the Festival Tower residences sit atop. With TIFF Bell Lightbox serving as host to countless international stars and pre-screenings during the annual festival (again, during non-COVID times), the area is often abuzz with excitement. Add to this, more recent landmark developments such as Bisha Hotel and Residences, and Nobu Residences, and you have an expanding array of exciting residential opportunities. And all of it is a stone’s throw from the Rogers Centre, Ripley’s Aquarium, the CN Tower, Metro Toronto Convention Centre and Soctiabank Arena. All of it adds up to an area in transition indeed – to excitement and excellence.
+ LOCATION, LOCATION, LOCATION Bordered by Spadina Avenue, King Street West, University Avenue and Front Street KEY LANDMARKS Canada’s Walk of Fame Ripley’s Aquarium of Canada Rogers Centre Roy Thompson Hall Scotiabank Arena Steam Whistle Brewing Toronto Railway Museum TIFF Bell Lightbox SELECT CONDO DEVELOPMENTS 400 King West Condos By Plaza pureplaza.com 543 Richmond By Pemberton Group pembertongroup.com Empire Maverick By Empire Communities empirecommunities.com King Blue Condos By Greenland Group kingbluecondos.com No55 Mercer By CentreCourt 55mercercondos.com Studio2 on Richmond By Aspen Ridge Homes aspenridgehomes.com Theatre District By Plaza pureplaza.com
34 condolife magazine | Jan. 16–Feb. 13, 2021
advice Lorem| |personaL ipsum if needed finance
HOW TO PREPARE FOR A HOME PURCHASE IN 2021 consider aLL costs and budget accordingLy
jEssE AbRAMs
It’s no secret that 2020 was a year of unexpected twists and turns, but let’s not forget the things that worked out in our favour. For Canadian homebuyers, in particular, interest rates hit record lows and encouraged considerable activity and opportunity in the marketplace. As we head into a new year with high hopes and low rates, there are many homebuyers enthusiastic and ready to enter the housing market or buy their next home. If you are interested in purchasing a home this year, here are the key things to consider so that you’re prepared for this investment: Know what you can afford by getting pre-approved
If you’re planning to purchase a home (either your first or next home), one of the first things to consider is getting pre-approved for a mortgage. This will help you determine your affordability, what kind of down payment you need and what you’re eligible to borrow based on your income and other key factors. Having this information will also guide your home search and give you clear insight into what cities and neighbourhoods you can afford to buy in. The early weeks of 2021 have been very busy for our team at Homewise, as pre-approvals have been continually growing over this time, especially amongst first-time homebuyers who set the goal to buy in 2021.
Once you know what you can afford, you can then figure out the size of your down payment and start budgeting for your mortgage and other associated costs. Homebuyers often forget that there are other expenses, such as closing costs, beyond their down payment. These can include home insurance, land transfer tax, lawyer fees, property taxes, home inspection and more. Factoring these other costs into your budget is essential as it can impact your overall home affordability and ensure there are no surprises. pay off your debt
Before purchasing a home, it’s a good idea to pay off any outstanding debts such as your credit card, auto loans, student loans or line of credit. When you apply for a mortgage, your lender will review what is called a “debt-toincome ratio” to determine your ability to manage your monthly expenses, while paying off your outstanding debts. You can calculate this figure by adding up your monthly debts, dividing it by your gross monthly income and multiplying it by 100. The lower your debt-to-income ratio is, the better. That’s why it’s essential to minimize as much debt as possible before you apply for a mortgage and make a home purchase. consuLt with experts
If you’re a first-time buyer or have purchased a home in the past, it’s always helpful to partner with experts. Whether it be an experienced real estate agent or a mortgage advisor, getting transparent and informed advice will help you make a better homebuying decision. At Homewise, our mortgage advisors partner with every client and provide unbiased advice throughout the mortgage
process. They shop different lenders and compare rates and mortgage options to find the best product that suits their unique needs. In the end, you want to ensure that you’re working with someone who you can trust when making this investment. understand your current mortgage
If you’re a current homeowner and looking to buy a new home, it’s essential to understand the privileges and penalties of your existing mortgage. For example, if you’re looking to break your mortgage, you may be subject to large fees, depending on the terms and conditions of your contract. When it comes to mortgage privileges and penalties, every lender is different – making it even more important to source a knowledgeable mortgage advisor. Having someone walk you through the process of comparing lenders and mortgage features, will give you a better understanding of what you’re getting into and how it can benefit you over the long term. Whether you’re a first-time buyer or not, making a home purchase is an exciting milestone – even more so when you’re fully prepared for it. Doing the right research and understanding even the little details will give you an advantage as you enter the market. It will help you avoid common mistakes that some buyers encounter and save you plenty of stress, time and money.
Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com
+MORE CONTENT ONlINE nexthome.ca
nexthome.ca | myhomepage.ca 35
Destinations ontario
COLLINGWOOD FOUR SEASONS PLAYGROUND MOre THan JUST a VACATION DESTINATION
Collingwood has long been a popular vacation destination, chiefly as a weekend winter getaway to tackle some of the best skiing in Ontario at The Blue Mountains. Summertime, too, has seen increasing activity, as residents from the GTA and elsewhere head to “Blue” for cycling, golf and many of the other activities and festivals in the area.
36 condolife magazine | Jan. 16–Feb. 13, 2021
During non-COVID times, of course. But there’s a lot more happening in this part of Simcoe County, situated on the Nottawasaga Bay at the southern Georgian Bay Region. A beautiful natural location will do that. transitioning for the future
Economically, it’s fair to say that Collingwood is an area in transition. The town’s traditional industrial base has been in decline for years, though the waterfront Collingwood Terminals grain elevators remain standing as a reminder of this heritage. Some view the massive grey structure, dormant for more than 25 years, as an eyesore for such an area blessed with natural surroundings. The Town is said to be considering selling, preserving or even dismantling the landmark silos. All of this underlines the growing importance of Collingwood to maximize its potential as a four-season recreation destination, blessed with
mountains on one side and Georgian Bay on the other, while developing new economic opportunities. And to do it all at a pace and size that doesn’t result in the loss of greenspace or the “small-town feeling” that residents and visitors alike have come to love. In a recent poll conducted by the Town, the overwhelming majority of respondents (63 per cent) believe the municipality should focus on growing the knowledge-based industry. There is already a strong and growing tech industry in town, including the only deuterium producer in Canada, the largest industrial glass manufacturer in North America, and a maker of advanced underwater communications. The survey also revealed that just 29 per cent of respondents said job growth in Collingwood should focus on tourism, highlighting a local concern that the town relies too heavily on that sector.
Photos: (toP) bigstockPhoto.com; (below) brucegrey simcoe
by Wayne Karl
Scandinave Spa, Blue Mountain
Photos: (toP left) JoAnn mchArdy; (right) AndreA hAmlin
Careful Development
The survey further revealed that residents prefer any new home development focus on the multi-family category, such as condominiums and other mixed-use buildings on smaller lots, as well as Green housing. Given the area’s popularity as a playground destination, real estate in Collingwood sometimes shows the fluctuations that typify the recreational property market. Peak season sales for Southern Georgian Bay were hot in 2020, jumping 57.6 per cent to 594 units in July, compared to last year, according to the Southern Georgian Bay Association of Realtors. This was a new sales record not just for the month of July, but for any month in history. Home sales in the Western Region, which includes Collingwood as well as Wasaga Beach, Clearview Township, The Blue Mountains, Meaford and Grey Highlands, jumped 70.8 per cent in July to 369 units from July 2019, again establishing new sales records. Average prices, on the other hand, are showing different results. Detached home prices are up 26 per cent to $857,000 from $680,000 a year ago. Townhome prices are down 22 per cent to $515,000 from $659,000, while condos are off 28 per cent to $391,000 from $545,000. Many recent buyers are residents from the GTA purchasing vacation properties, or cashing out their primary residences in the city and moving north for retirement, reflected in the older demographic in town.
Still, given the prized location and blessed natural abundance in Collingwood, it’s no surprise that new home development is taking place to cater to the growing demand. Streetcar Development Inc. is planning Harbour House, a collection of luxury lowrise condos, while Sherwood Homes has two communities planned: The Masters at Lora Bay, detached homes at The Blue Mountains; and Royal Windsor at Balmoral Village, featuring a pair of five-storey condo buildings. nature lover’s paraDise
At any time of year, Collingwood is a nature lover’s paradise. Of course, there’s expert skiing at Blue Mountain in winter, as well as countless snowshoeing, snowmobiling or crosscountry skiing options. In the warmer months, hit the links at any one of the handful of championship courses in the area, from the semi-private Cranberry Golf Resort, to Monterra at Blue Mountain Resort, to the Georgian Bay Club and more. Or book a breathtaking treetop canopy walk, or zipline adventure, or just hit the beach for a swim or canoe or kayak rental. And if you’ve never been, head over to Wasaga Beach, the world’s longest freshwater beach, a short distance away. Festivals? You want festivals? Collingwood’s got lots of them, from Collingwood Whiskylicious, the Peak to Shore Music Festival, Keys to Collingwood Street Piano Festival and the famous annual Elvis Festival. All, of course, COVID permitting.
+
loCation, loCation, loCation In Simcoe County, on the Nottawasaga Bay, at the southern point of Georgian Bay; population 21,793; 160 kms north of Toronto; 21 kms to Wasaga Beach. KeY lanDmarKs • Blue Mountain Resort • Collingwood Curling Club • Collingwood Museum • Cranberry Golf Course • Creative Simcoe Street • Eddie Bush Memorial Arena • The Blue Mountains • Tyrolean Village Resorts seleCt housing Developments Bridgewater on Georgian Bay By Consulate Development Group consulatedevelopment.com Collingwood Quay Condominiums By Fram + Slokker collingwoodquaycondos.com Harbour House Condos By Streetcar Development Inc. streetcar.ca Royal Windsor at Balmoral Village By Sherwood Homes royalwindsorcondos.com The Masters at Lora Bay By Sherwood Homes sherwoodhomesltd.com Waterstone Modern Townes By Nexus Developments waterstonetownes.com
nexthome.ca | myhomepage.ca 37
ADVICE | CONDO PRO
COVID VACCINE COULD USHER IN A STRONG 2021 FOR REAL ESTATE
BARBARA LAWLOR
Considering the stellar performance of our new home real estate industry in 2020, the table is set for a strong entry into 2021. We have learned to sell virtually, successfully, despite pandemic restrictions, and technology has definitely been our friend. Being able to complete sales right down to signing agreements has paved the way for people all over the globe to purchase. I am proud of how our industry has risen to the challenge, so much so that we continue to see demand exceeding supply. And how about our mortgage rates? It’s unbelievable, but they are set to continue at historic lows. Who would have thought that in 2021, we would be buying homes with the kind of mortgage interest rates our parents and grandparents enjoyed? Considering all of that, combined with the COVID vaccine on the ground, it’s beginning to look like a great year ahead. Yes, 2020 has been stressful, but surprisingly positive when it comes to new home real estate in the GTA and beyond. At the end of October, Altus Group’s statistics showed that overall sales were pretty much even with the 10-year average. During the fall, we saw numerous launches of new condominiums, and things are heating up for 2021. And with the COVID vaccine being implemented, we anticipate a renewed interest in buying new home real estate, including condominiums. It will take several months to roll out the vaccine to the full extent, but
38 condolife magazine | Jan. 16–Feb. 13, 2021
The United
its existence is affecting how people view purchasing real estate in the new year. The biggest issue is whether to buy in an urban or suburban area. With so many people working from home during the pandemic, the demand for lowrise in the 905 areas increased. If and when people have to commute to offices again, the appeal of condominiums in the city will likely return. Today’s hectic pace of life makes long commutes undesirable. Consider, too, the fact that once immigration opens up to the full extent, condominiums will retake centre stage. Most immigrants are used to, and expect, apartment-style living. Many will want to buy or rent condos in the city. We will likely see a reverse exodus from the 905 areas, as prices in Toronto have eased somewhat. It is all about affordability and convenience, and condominiums will always have those advantages. Snow shovelling, lawn maintenance and the like are handled for residents, freeing up precious time for family, friends and leisure. Time is truly a valuable commodity nowadays.
So, as we welcome in a new year, we look back on 2020 with gratitude for teaching us how important “home” is to all of us. Wherever you would like to live and whatever your lifestyle, I can guarantee you that there is a condominium out there with your name on it. Start your search now, before supply declines, prices rise and the market is once again flooded with buyers. Barbara Lawlor is CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing and sales of condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. Having received numerous awards and accolades, she is an in-demand columnist and speaker well respected for her impactful industry voice.
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BUILDER PROFILE | OAK RIDGES
FAMILY FINDS THE
PERFECT TOWNHOME AT STATEVIEW’S KING’S LANDING For Mark Berardo and Jenny Young, relocating from a 3,300-sq.-ft. home in Kleinburg to something smaller yet still spacious led them to StateView Homes’ King’s Landing in Oak Ridges. They recently moved into a townhome in this sold-out community at King Road and Yonge Street. StateView always seeks out new home locations that accommodate the needs of today’s families, and Oak Ridges is an example. “We had heard about this being an up-and-coming area,” Berardo says. “We have family in the east end of Toronto, the west end and in Bradford, so this location is convenient.” King’s Landing is also the ideal locale for their professional lives. Young works for the corporate office of TD Bank, and Berardo is an ad executive with Innocean Worldwide Canada. Although they are working from home during the pandemic, Berardo says, “For commuting, this location offers quick access to Hwys. 404 and 400. It’s only 20 minutes to my main client in Markham and 45 minutes to downtown. I’ve cut 15 minutes out of my drive.” They also appreciate living near amenities, including restaurants and shopping. “Being this close to Yonge is amazing,” Berardo says. “Everything you could want is minutes away. We found a fabulous takeout barbecue restaurant, and we’re exploring Greco’s Fresh Markets, because we’ve heard a lot about it.” He says the King’s Landing community design is especially appealing. “I have two sons: Michael is 12, and Gabriel is 17. When Gabriel first arrived here, he said it feels like The Village at Blue Mountain in Collingwood because of the street
patterns and the three-storey homes with balconies. It really is very cool.” They purchased a 2,200-sq.-ft. townhome with three bedrooms, a finished basement and five baths. “We love the design with the open concept kitchen/living/dining room on the second floor and a family room on the main level. In the basement, we have gaming and workout equipment. Plus, we have two balconies – one off the kitchen and another off the master bedroom on the third floor.” StateView is known for including sophisticated features. One example is the driveway with self-absorbing material between the stones. “It looks beautiful, and it’s smart,” Berardo says. “Water drains into the ground rather than running into the street.” The couple is also impressed by StateView’s ICare (Integrity, Commitment, Accountability, Responsibility and Experience) customer service program. “When I
send an email, I get a response the same day,” Berardo says, “and I know that within a few days, someone will be at the door to address my concern. Their responsiveness makes all the difference. It makes things smoother for new homeowners and sets StateView apart from the rest.” StateView Homes’ tagline “Live Inspired” is realized in every one of its neighbourhoods. For more than 10 years, StateView has provided oldworld craftsmanship, forward-thinking architecture and design, open-minded innovation, superior customer service and philanthropy. The company donates a percentage from each home sale to SickKids Hospital and participates in SickKids fundraising initiatives throughout the year. StateView Homes’ second phase at NAO Towns in Markham is coming to 14th Avenue and McCowan Road in early 2021. Register now at stateviewhomes.com. nexthome.ca | myhomepage.ca 39
Builder profile | oAKVille
UPPER WEST SIDE CONDOS REWARDING LIFESTYLE OFFERED AT BRANTHAVEN’S NEW AWARD-WINNING COMMUNITY
Project of the Year 40 condolife magazine | Jan. 16–Feb. 13, 2021
Award-winning lobby
There’s never been a better time to make the move to carefree condo living in Oakville. At Branthaven’s Upper West Side Condos 2, your opportunity for award-winning style and attainable luxury has never been easier. For a limited time, new-home buyers can take advantage of Upper West Side Condos’ Easy Deposit Promo – buy now with just 10 per cent deposit required within the first year, while also reaping the rewards of high-quality homeownership in a coveted condo community. Located on Trafalgar Road, just north of Dundas Street East, in Oakville, “Upper West Side Condos offers it all,” says Tina Amato, Branthaven’s sales manager. “Awardwinning status, stylish suites with private balconies and terraces, stunning amenities, Branthaven’s signature Fresh Thinking designer finishes and a prime Oakville location with parks, trails and outdoor spaces right at your doorstep.” Recently awarded the WEHBA 2020 Condo Project of the Year, the Upper West Side Condo Community also received 10 regional and provincial design awards for its outstanding architecture, amenity spaces and suite design. Branthaven’s design-forward leadership is evident in Upper West Side’s amenity areas. “Everything has been considered,” says Amato. “The lobby is big, bright and seamlessly flows to the smart co-working space, airy fitness centre, spacious entertainment lounge and ground level outdoor terrace.” For an elevated outdoor experience, UWSC2’s rooftop terrace is also designed for extended seasonal use – residents can enjoy outdoor private dining and barbecue areas, sheltered lounging zones, and there’s even a warming fire pit. UWSC2’s suite designs are well considered, with a range of onebedroom, one-bedroom plus den and upper floor suites with even more living spaces inside and out. All suites are open concept and boast nine-ft. ceilings and expansive windows to welcome light, airy and
stunning views. “Every suite comes with a furniture-sized glass balcony and some of our upper level plans feature both an extensive terrace and additional balcony,” adds Amato. Included in each UWSC suite are Branthaven’s signature Fresh Thinking kitchens and baths – feature-filled built-ins at no extra cost. Kitchens offer upgraded cabinetry choices, quartz countertops, textured backsplash, extended uppers, deep pot and pan drawers, charging ports and more thoughtful details that improve the way you live. Bathrooms are boutique hotel chic with modern vanities, storage drawers and integrated cube sink. Restful palettes and design details add a spa-like ambience. UWSC2 also boasts Branthaven’s Smart Connect – home technology that allows you to access your suites’ tech hub from anywhere. Suite security, digital smart lock, parcel delivery notifications, energy saving modes – everything’s at your fingertips! While Upper West Side Condo residents will enjoy a carefree urban condo lifestyle, there’s no need to sacrifice access to the great outdoors. UWSC is next door to Oakvillage’s community park, pond and paths that link into Oakville’s extensive trails and bike path system. Everything is close by and ready for you to explore. Don’t miss this opportunity. Attainable luxury has never been easier.
Co-working space – more options to work from home
Living room – more space inside and out
Kitchen with more designer features included
From the upper $400,000s. Book your private appointment today. upperwestsidecondos2.ca nexthome.ca | myhomepage.ca 41
Builder PrOFile | BrANTFOrd
THE AMBROSE CONDOS ELITE’S AFFORDABLE BOUTIQUE CONDO LAUNCHING THIS SPRING The Ambrose Condos is an 11-storey boutique condominium launching in spring 2021 in Brantford. Developed by Elite Developments, the 198unit residence features suites with spacious floorplans and expansive balconies and terraces. The Ambrose is conveniently located within proximity to transportation, universities, parks, trails, beaches, shops and restaurants. “With affordable pricing starting from the $300,000s, in Canada’s sixth best city to live in, this development offers an incredible opportunity to have a higher quality of life, for a fraction of the cost in the GTA,” says Kim Kopyl, vice-president of sales and marketing at Elite Developments. “Southwestern Ontario recently experienced the largest increase in sales in 2020, as people began working from home and relocating. The overall importance of a home has changed. Having more interior 42 condolife magazine | Jan. 16–Feb. 13, 2021
and exterior space with thoughtful amenities is no longer a need of homebuyers but a requirement. The Ambrose delivers on this.” Located at 401 Shellard Lane, residents of The Ambrose Condos will benefit from being minutes to the Colborne Common Shopping Center, which has a Sobeys, Shoppers Drug Mart, Starbucks and banks. Also close by are medical centres, restaurants and the Wayne Gretzky Sports Centre – the largest sports centre in Canada – to help keep you healthy and fit. Brantford is a historical city ignited by innovation, filled with art galleries and museums. Natural greenspaces are right at your fingertips. Enjoy weekends at the Brant Conservation Area and canoeing down the Grand River. With the Brantford-Cambridge Trails running along the Grand River, you will have 77 kms of the best hiking and biking trails in Ontario. Within the development,
thoughtfully curated amenities await. Featuring a contemporary lobby enveloping natural surroundings of stone, water and fire, welcoming you home with a living green wall. Green features complement the surrounding property, featuring a community garden with garden plots, a seasonal sports field to be used for soccer and as a rink during the winter months for family skating and hockey. A state-of-the-art indoor and outdoor fitness centre, featuring an outdoor running-track, yoga area and outdoor calisthenics is located on the sixthfloor terrace. A spectacular rooftop party room boasts a chef’s kitchen, games area and an outdoor oasis with breathtaking views, featuring barbecue niches, cabanas, water feature, and outdoor dining. The development also respects fourlegged family members, and provides a convenient off-leash dog park and wash area.
The Connectivity Lounge provides a safe space for students, entrepreneurs, and empty nesters to work and connect in. This amenity space is filled with the latest technology so residents can study together, host Zoom meetings, and Skype with family members while enjoying a latte. Feel free to enjoy the fresh air while surfing the net on the lounge’s outdoor terrace. Other features include a socially distanced theatre, expansive expanded parcel room, bicycle and locker storage areas and electric vehicle charging stations. Suites at The Ambrose range in size from 590 to 1,050 sq. ft. Available floorplans include a collection of spacious one- and two-bedroom units with open-concept layouts, functional living spaces, impressive finishes and stunning standard colour palettes designed by Raphael Gomes Interiors. Elite Developments has built its foundation with 50 years of combined building experience. The company has built a reputation for delivering premier residential and commercial properties throughout Ontario, acquiring locations for communities to improve quality of life. It focuses on providing homes with thoughtful amenities, spacious layouts, health and wellness, and leading innovative features throughout. This strategy is executed by a dream team of experienced professionals specializing in real estate, who deliver homes that are affordable and enjoyable, while maximizing investment value. “We respect the surrounding landscapes and build homes that complement existing environments, while our team choreographs a premier lifestyle for our
homeowners,” says Kopyl. “All our homes are focused on health, wellness, and have leading innovative features throughout. We build every home as if we would live in it ourselves.” “There is a lot of time given to ensure we deliver a sustainable product for the future, anticipating the needs of our homebuyers,” adds Sam Sakhi, president of Elite Developments. “We understand the importance of a home and look forward to building communities of excellence, with convenient amenities, surrounded by nature.” Stay tuned for Elite’s upcoming launches: Woodland Country Estates in Hagersville; Electric Avenue and Steeltown in Hamilton; 86 James in St. Catharines; Victory Tower in Vaughan; Station Sixty Lofts in Brantford; and The Fonthill, in Fonthill. Register now at elitedevelopments.com. “Our passion in real estate is evident by delivering superior quality, leading-edge designs and wellnessderived homes,” says Hamid Hakimi, CEO of Elite Developments. “We build homes inspired by you, with innovative living for life.” To learn more about The Ambrose Condos, register at theambrosecondos.com. nexthome.ca | myhomepage.ca 43
BUILDER PROFILE | THOROLD
ONE TWENTY CONDOMINIUM OFFERS LUXURY LIVING IN COVETED FONTHILL DISCOVER FOUR STOREYS OF SOPHISTICATION AT ONE TWENTY CONDOMINIUM, PART OF THE ONE FONTHILL CONDOMINIUM COLLECTION BY MOUNTAINVIEW BUILDING GROUP Welcome to sophisticated condominium living in beautiful Fonthill. One Twenty is where luxury and carefree living meet. Where country charm and big city amenities are blended. Where your suite is a perfect reflection of you. Welcome home to One Twenty by Mountainview Building Group, where you’ll discover your dream lifestyle. 44 condolife magazine | Jan. 16–Feb. 13, 2021
One Twenty, the first phase in the coveted One Fonthill Condominium Collection, offers 50 residences and nine thoughtfully designed floorplans – each crafted with easy, sophisticated living in mind. Suites at One Twenty start from the low $500,000s, and closings are expected in April 2022. Limited units remain, so don’t wait to discover
Niagara’s wineries, Peninsula Lakes Golf Course and other incredible amenities. Nature lovers will appreciate the fruit orchards and nature trails, such as Lathrop Nature Pre-serve. Downtown Fonthill is a charming historic place where foodies will revel in restaurants, as well as boutiques and more. Golf lovers will appre-ciate the proximity to golf courses only minutes away. Fonthill is a place you’ll be proud to call home. PROUD TO BE HONOURED WITH THE HIGHLY COVETED DIAMOND AVID AWARD
Mountainview has had strong roots in the Niagara region for more than 40 years and takes great pride in creating communities that complement the area’s unique features and culture. Over the years, Mountainview has been the recipient of many industry awards, and most recently it was named the Diamond Award winner at the 17th Annual Avid Awards. The best industry leaders are picked every year, honouring their hard work and dedication for scoring highest with customers on homebuying experience surveys. The highly regarded awards are a trusted benchmark of customer service performance in the homebuilding industry, based on recent customer evaluations. With impeccable attention to detail and quality standards combined with award-winning customer service, it’s no wonder residents from Niagara and beyond have chosen a Mountainview community to call home. With beautiful homes built for living your best life, Mountainview knows how to combine the perfect home with large open spaces and luxurious standards with the best location Niagara can offer. Don’t wait, these are selling fast! Contact Mountainview Building Group today to set up a virtual tour or to schedule your private appointment, where all safety guidelines put out by the government during the COVID-19 pandemic are followed. open-concept living, luxury finishes, open-air balconies, chef kitchens and modern suites ranging from onebedroom with den, two-bedroom and two-bedroom with den. The masterfully designed exterior of clean lines, modern wood panel siding, and sleek shades of grey, combined with impressive amenities, including a private party room, elegant lobby and underground parking garage, make this community highly sought after. Residents will enjoy maintenance-free, sophisticated living at its best. At One Twenty, residents are part of a neighbourhood where they can walk out their door and be surrounded by shops, restaurants, trails, Fonthill’s newest community centre, and more. Fonthill is one of Niagara Region’s most coveted communities. Offering truly remarkable living, it’s where small-town charm meets an elegant lifestyle. Where fruit trees, vineyards and modern-day conveniences all live in harmony. It’s no wonder One Twenty has received such high accolades. Fonthill is a community ideally situated just a short drive from Toronto and Buffalo, and minutes to Niagara Falls,
Visit onetwentycondos.ca to learn more or call Mountainview at 289.897.8548.
nexthome.ca | myhomepage.ca 45
nexthome.ca | myhomepage.ca
HOMES, Condo Life + Active Life
Toronto’s Finest NEW HOME GUIDE
Fabulous LIVING IN THOROLD!
Canada’s trusted authority for the latest new home and condo developments, industry news and expert homebuying advice.
WEST COMMUNITY NEW PHASE COMING SOON! DISCOVER SINGLE FAMILY HOMES AND SPACIOUS TOWNS!
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2020-10-28 1:10 PM
Bijou on Bloor, Plazacorp Urban Residential pureplaza.com
INTERIORS
IN THIS SECTION:
DECOR | HOME FINDS
INSPIRATION |
NEW YEAR…
decor
NEW LOOK! by LiNdA MAzuR
The start of a new year always brings us new trends to excite and inspire. So, what’s new for 2021 that we just can’t live without? Everything from timeless trends to boldly saturated colours, clean lines and geometric shapes, to soft refined curves. And, unfortunately, due to the challenges of 2020, personal workspaces. Deep and richly saturated hues are high on the “love” list this year, and not just for your walls or accessories. We are seeing so many wonderfully exciting colours for cabinetry – deep blues, soft blacks and dark earthy greens – which are rivaling the traditional whites when it comes to our kitchens and bathrooms. This may be a bit of a leap for some, but even introduced in smaller doses, it will have a large impact in your space. However, these colours are not just for cabinetry. These bolder, moody hues are on par for creating rooms that, 48 condolife magazine | Jan. 16–Feb. 13, 2021
though darker, are very relaxing and welcoming, whether found in paint, fabrics, or wallpapers… on your walls, ceilings, furniture or accessories. What I really love about this colour trend is the fact that these are still very classic tones that lend themselves to a timeless look for a space. When designing, I lean towards a more timeless approach, as it offers not only longevity versus short-lived trends, but it also provides a classic canvas that allows you to easily incorporate trends to remain current. Another favourite is blending a bit of a vintage vibe with the more contemporary. Whether mixing more traditional furniture pieces with contemporary accessories, or adding well-curated vintage finds that are juxtaposed in a more modern space, the results can give your home a personality all its own. We are seeing vintage inspirations in everything
from artwork to fabric and wallpaper patterns, lighting and furniture. We’re also seeing more of an artisanal touch when it comes to many of the finishes for our homes. From tile that boasts a hand-crafted look, to beautiful brass finishes for cabinet hardware, faucets and lighting, they all give us the feeling of artistry and history. Texture, in finishes, remains strong. It creates dimension and interest in a space, and we are seeing everything from wood to caning, to highly polished surfaces to beautifully aged marble. And when it comes to wood, light and warm tones rule. Our furniture continues to see soft curves that invite you to curl up and relax. Chairs that swivel are a great accent to a room, but above all, selecting key pieces that have a timeless appeal and are properly proportioned to the room are most important.
Finally, this past year has seen huge changes for all of us. Due to COVID-19, many of us have had to turn our homes into our offices, classrooms and workout spaces, as well as our living spaces. And it’s not always conducive to the integrated, open-concept living that we have desired over the years. We are seeing a need to carve out separate spaces in our homes once again. Home offices – meaning, privacy – has become a huge trend. Obviously, this is not always possible for everyone, but at least creating a small home office space that can be concealed at the end of the workday helps to separate work from home life, as we continue trekking through this pandemic and beyond. Above all, the trends of this year and moving forward are about creating a home environment that is relaxed, warm and multi-functional – with tons of character and personality!
Linda Mazur is an award-winning, nationally publicized designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds within Toronto, the GTA and throughout Canada. lindamazurdesign.com @LindaMazurGroup nexthome.ca | myhomepage.ca 49
INSPIRATION |
trend watch
attract
OPPOSITES
by SARA DUCK
9
8
Every year, the design world and decoristas everywhere await the announcement from Pantone declaring the colour of the year. Pantone’s astute colour selection influences product development and design decisions from fashion to home furnishings. For 2021, Pantone has chosen not one but two colours to encapsulate the new year: The calming shade of Ultimate Gray 17-5104 and the vibrant yellow colour Illuminating 13-064. These two colours could not be more opposite, and that is precisely the point. “The union of an enduring Ultimate Gray with vibrant yellow illuminating expresses a message of positivity supported by fortitude,” says Leatrice Eiseman, executive director of the Pantone Color Institute. “Practical and rocksolid but at the same time warming and optimistic, this is a colour combination that gives us resilience and hope. We need to feel encouraged and uplifted; this is essential to the human spirit.” Whether you plan to incorporate both colours or just one, here are some simple ways to infuse the hues into your lifestyle.
7
50 condolife magazine | Jan. 16–Feb. 13, 2021
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1. Goopglow microderm instant glow EXFOLIATOR by Goopbeauty. $58. sephora.ca | 2. Original moustache BOBBLE HAT in lightening yellow/grey. $35. hunterboots.com | 3. Yellow GEO ROUND GICLEE on canvas. $399. thebay.com | 4. Portofino four-burner DUAL FUEL RANGE in yellow by Smeg. $9,499. cookstore.ca | 5. AJ FLOOR LAMP, dark grey by Arne Jacobsen. $1,666. finnishdesignshop.com | 7. Lithic BOWL. $99.99. eq3.com | 6. Sven briar gray SOFA. $1,449. article.com | 8. Nolita yellow KETTLE by Kate Spade New York. $100. thebay.com | 9. Sunnuntai MUG by Birger Kaipiainen. $24.05. finnishdesignshop.com | 10. Ormhassel THROW in yellow. $19.99. ikea.ca nexthome.ca | myhomepage.ca  51
INSPIRATION |
home finds
Creme de la creme
CREAM, ALMOND BUTTER, BEIGE… WHATEVER YOU FANCY, THERE’S A VARIETY OF WAYS TO ENJOY THIS COMFORTING HUE IN YOUR HOME
FAUX FUR THROW $99. hm.com
52 condolife magazine | Jan. 16–Feb. 13, 2021
Ridged CERAMIC SERVING BOWL in ivory by Oui. $29.50. indigo.ca Vista HEXAGON MIRROR by Sarah Richardson for Palliser. $399. sarahrichardson.palliser.com ALMOND BUTTER paint colour. behr.ca
DISARONNO velvet cream liquor. $32.95. disaronno.com
SVELTI CHAIR in fawn beige. $119. article.com
nexthome.ca | myhomepage.ca  53
INSPIRATION |
big style, small spaces
RIGHT ARTWORK HOW TO CHOOSE
THE
FOR YOUR HOME by LISA ROGERS
You may be worried about choosing the right size or the right colours to fit your space, but choosing art for the home is more intuitive than you might think when following a few simple rules. Artwork is very personal, and it is one of the more comprehensive statements you can make in your home, which defines your personality and who you are. It adds 54 condolife magazine | Jan. 16–Feb. 13, 2021
character, visual interest, and it’s also an investment you can take with you should you move. The best part of artwork is that you don’t have to spend exorbitant prices for a piece you love. There are so many artists, prints and pieces available that can fit any budget or style. The challenging part is in deciding where (and how) you hang your artwork. Here are some of my fail-proof suggestions.
TRUST YOUR INSTINCTS
Though you can certainly follow some “rules” when it comes to your home decor, your walls don’t necessarily have to follow the same dogma. Consider viewing your walls as a blank canvas. Your walls can be the place for your more eclectic or emotional choices. Remember, art is a platform for self-expression, for colour, texture and storytelling. Trust
your instincts on what art speaks to you personally, and consider it your artistic expression. ATTEND ART EVENTS AND HEAD TO THE GALLERIES
However big or small, every city has its vibrant art scene, and the best way to learn about art is to study it. Expose yourself to emerging artists, whether at an art event or through a gallery tour. How many times have you heard a story of someone purchasing an unknown piece of art only to find out years later it was made by a now-famous artist? Paperworks are also a great tip: Much less expensive than oil on canvas, you can still have the sentiment of a great piece of art at half the price.
COMPLEMENT THE ROOM’S SIZE, COLOUR AND AESTHETIC
From the kitchen to the living room, the artwork will be very different for each room. Your bedroom is meant to be a retreat: A place for relaxation and contemplation, so the artwork should reflect that. Whether you place your art directly above your bed or opposite,
typically large scale pieces work well and should hang at eye level. Look for abstract details in soothing colours that help you to relax. When it comes to the living room, for example, this is where you can play with louder prints, designs and tones. Just remember you don’t want the artwork to overwhelm the space, but complement it.
CONSIDER YOUR AVAILABLE WALL SPACE
This is important: You have to determine what kind of real estate you have. If you have a large wall to fill or want one statement piece to anchor your space, look for largescale art. These pieces can make a tremendous impact. If you have a smaller wall, creating a gallery wall is equally as impactful. Pair complementary styles and colours together, assessing what’s currently in your space, so every aspect complements each other. USE LARGE FRAMES
If you don’t have the budget for a large piece of art, try exaggerating the size of your wall by incorporating a few smaller elements – small photographs or prints – by placing them in thin frames with large borders. It emphasizes the artwork and prevents the wall art from looking cluttered (especially in a small setting). STACK ART VERTICALLY
Stacking artwork in a vertical pattern can lengthen the height of a wall visually. Start from top to bottom to create a narrative of how the artwork can harmoniously work together on the wall as a collage.
Lisa Rogers is Executive VicePresident of Design for Dunpar Homes (dunparhomes.com). Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and as a regular guest expert for fashion and image, health and wellness and design on CityTV’s Cityline. Follow Lisa’s blog at craftedbylisa.ca nexthome.ca | myhomepage.ca 55
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THE BEST COLLECTION OF NEW 4 SEASON HOMES condolife
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Greater Toronto Area Dec. 5, 2020–Jan. 16, 2021
Greater Toronto’s COMPLETE CONDO GUIDE
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THE RIGHT MORTGAGE AND A LOW RATE
DEC. 5, 2020–JAN. 16, 2021
SHERWOOD HOMES
Greater Toronto Area Dec. 19, 2020–Jan. 30, 2021
EXCLUSIVE MAP GUIDES TO 300+ ONTARIO ADULT LIFESTYLE COMMUNITIES
Toronto’s Finest NEW HOME GUIDE 110720_ActiveLife_Ontario_Cover_45.indd 1
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Fabulous LIVING IN THOROLD! The Rose Hill Condos
New Capital North Communities condo in Vaughan launching soon
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HOMEBUYER INTENTIONS STILL STRONG: SURVEY
WHERE MORTGAGE RATES ARE HEADED IN 2021
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WEST COMMUNITY NEW PHASE COMING SOON! DISCOVER SINGLE FAMILY HOMES AND SPACIOUS TOWNS!
HOW TO ENTER: Go to myhomepage.ca/contests Select this contest within the listing and click Enter to Win! Good Luck!
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WHERE MORTGAGE RATES ARE HEADED IN 2021
Visit myhomepage.ca/contests For full contest details & rules
2020-11-27 3:06 2:30 PM
CONDO PROFILES
Pinnacle Toronto Cypress
developer: style: size: prices from: features:
Toronto
PINNACLE INTERNATIONAL
Highrise Up to 1,145 sq. ft. The mid $600,000s • Suites include 9’ ceilings, laminate flooring, quartz countertops • Suites with full size appliances • Amenities include: gym, yoga room, party room, kids play area and outdoor terrace contact: 416.596.1600 • info@PinnacleEtobicoke.ca location: 5475 Dundas St. West (west of Kipling)
MRKT Alexandra Park
developer: style: size: prices from: features:
Toronto
TRIDEL
Highrise 526 to 1,270 sq. ft. The mid $600,000s • Steps from Toronto’s Kensington Market, Queen West and Chinatown. • Amenities designed to connect spaces and people. A Two-Storey Gym, Swimming Pool & Rooftop Terrace, Private, Landscaped Courtyard, Outdoor Terrace & Garden, Kids’ Zone and Youth Zone contact: Tridel.com location: Dundas St W. + Denison Ave.
YOU COULD WIN A
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HOT PROPERTIES | GREATER TORONTO AREA
9 8 48 47 49 50 14 37
38 45 34
4
32
46 35
1
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2 42 3
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58 condolife magazine | Jan. 16–Feb. 13, 2021
18 39 30 45 19 46 41 22 24 31 29 27 28 20
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MAPS
cartograPHY: MarketMaPS.coM
Match the map numbers with property listings on the following Hot Properties page
nexthome.ca | myhomepage.ca  59
HOT PROPERTIES
FIND YOUR NEXT HOME
The latest properties in the Greater Toronto Area to keep your eye on
Legend: HR = High Rise CTH = City Home MR = Mid Rise LO = Loft LR = Low Rise LW= Live Work PH = Penthouse RH = Row Home TH = Townhouse
MAP LOCATION 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50.
SITE
TYPE ADDRESS
CONTACT
Brampton..............................Urban Towndominiums .............................CTH........................ Mississauga Rd. & Wanless Dr. .............................. rosehavenhomes.com Etobicoke..............................Edenbridge Kingsway ..............................MR/CTH .................... The Kingsway & Lambeth Rd. .......................................................tridel.com Etobicoke..............................Evermore at West Village ............................ HR ......................... Eva Rd. & The West Mall ...................................................................tridel.com Etobicoke..............................Humberwood Heights ........................... CTH/FTH ................... 50 Humberwood Blvd. .......................................tributecommunities.com Etobicoke..............................The Kip District 2 ........................................... HR ......................... Kipling & Dundas St. W. .......................................... concertproperties.com Etobicoke..............................42B Queensway III ........................................ HR ......................... 1325 The Queensway...........................................tributecommunities.com Etobicoke..............................36 Zorra Condominiums.............................. MR ......................... 36 Zorra................................................................... altreedevelopments.com Markham/Unionville..........Panda Markham ............................................. HR ......................... 8200 Warden Ave. ............................................lifetimedevelopments.com Markham/Unionville..........Varley Condo Residences .............................LR.......................... 20 Fred Varley.........................................................tributecommunities.com Mississauga ..........................Amber at Pinnacle uptown ......................... HR ......................... 5044 Hurontario St. ..............................................pinnacleinternational.ca Mississauga ..........................Perla Towers at Pinnacle Uptown.............. HR ......................... 5044 Hurontario St. ..............................................pinnacleinternational.ca Mississauga ..........................Edge Towers ................................................... HR ......................... Hurontario St. & Elm Dr. ...................................................................solmar.ca Mississauga ..........................Brightwater Condos .....................................CTH........................ 70 Mississauga Rd. S. .......................................mybrightwatercondos.com North York ............................680 Sheppard Ave. E. ................................... MR ......................... 680 Sheppard Ave. E.............................................tributecommunities.com Oshawa .................................U.C. Tower ....................................................... HR ......................... Simcoe St. & Winchester Rd................................tributecommunities.com Scarborough ........................Pinnnacle Toronto East ............................... HR ......................... 3260 Sheppard Ave. E. .........................................pinnacleinternational.ca Scarborough ........................Towns at Rouge Valley ................................CTH........................ Sheppard Ave. E. ....................................................tributecommunities.com Toronto .................................10 St. Mary Street ........................................... HR ......................... 10 St. Mary St. ....................................................lifetimedevelopments.com Toronto .................................111 River St. Condos ...................................... HR ......................... 111 River St. .........................................................lifetimedevelopments.com Toronto .................................200 Queens Quay W. .................................... HR ......................... 200 Queens Quay W. ......................................lifetimedevelopments.com Toronto .................................40 210 Bloor St. W. ........................................ HR ......................... 210 Bloor St. W. .....................................................tributecommunities.com Toronto .................................489 Wellington St. W. ................................... HR ......................... 489 Wellington St. W. .......................................lifetimedevelopments.com Toronto .................................500 Dupont St. ............................................... MR ......................... 500 Dupont St. ...................................................lifetimedevelopments.com Toronto .................................Aqualuna at Bayside ..................................... HR ......................... 200 Queens Quay East ...................................................................tridel.com Toronto .................................Artistry Condos ............................................... HR ......................... 292 Dundas St. W. ..................................................tributeartistrycondos.ca Toronto .................................Panda Condos................................................. HR ......................... Yonge & Dundas. ...............................................lifetimedevelopments.com Toronto .................................Skytower at Pinnacle One Yonge .............. HR ......................... 1 Yonge St. ...............................................................pinnacleinternational.ca Toronto .................................The Prestige at Pinnacle One Yonge ....... HR ......................... 1 Yonge St. ...............................................................pinnacleinternational.ca Toronto .................................Tridel at the Well ........................................ MR/HR ..................... Spadina Ave. & Wellington St. .....................................thewelltoronto.com Toronto .................................Via Bloor ........................................................... HR ......................... Bloor & Parliament. ...........................................................................tridel.com Toronto .................................XP Condos ....................................................... HR ......................... 1182 King St. W. .................................................lifetimedevelopments.com Toronto .................................36 Eglinton Ave. W. ....................................... HR ......................... 36 Eglinton Ave. W. ..........................................lifetimedevelopments.com Toronto .................................Linx Condominiums ...................................... HR ......................... Danforth & Main ................................................ tributecommunicties.com Toronto .................................Y&S Condos .................................................... HR ......................... 2161 Yonge St. .......................................................tributecommunities.com Toronto .................................Burke Condos ................................................. HR ......................... Bloor & Sherbourne ................................................. concertproperties.com Toronto .................................MRKT Alexandra Park .................................MR HR...................... Dundas & Spadina .............................................................................tridel.com Toronto .................................181 East ............................................................. HR ......................... 181 Sheppard Ave. East ...................................................................stafford.ca Toronto .................................Avenue & Park ................................................. MR ......................... Avenue Rd. & Bedford .....................................................................stafford.ca Toronto .................................50 at Wellesley Station.................................. HR ......................... 50 Wellesley St. East ................................................................pureplaza.com Toronto .................................No. 1 Yorkville.................................................. HR ......................... 1 Yorkville Ave............................................................................pureplaza.com Toronto .................................Theatre District Residences......................... HR ......................... Adelaide & Widmer ..................................................................pureplaza.com Toronto .................................Bijou on Bloor ................................................. MR ......................... 2450 Bloor St. West..................................................................pureplaza.com Toronto .................................The Briar on Avenue .....................................CTH........................ 368 Briar Hill Ave. .....................................................................pureplaza.com Toronto .................................One Seventy .................................................... HR ......................... Spadina & Queen St. West ......................................................pureplaza.com Toronto .................................King West & Charlotte ................................... HR ......................... King St. West & Charlotte........................................................pureplaza.com Toronto .................................Forest Hill Private Residences..................... MR ........................ 2 Forest Hill Rd. ..................................................... altreedevelopments.com Thornhill ...............................Royal Bayview ................................................ MR ......................... Bayview Ave. & Royal Orchard Blvd. ............................................tridel.com Vaughan ................................Park Avenue Place 1 & 2 ............................... HR ......................... Jane St. & Rutherford Rd. ................................................................solmar.ca Vaughan ................................The Vincent...................................................... MR ......................... Jane St. & Hwy. 7 ........................................................................ thevincent.ca Vaughan ................................The Rose Hill Condos ................................... MR ......................... 177 Woodbridge Ave..... truecondos.com/capital-north-communities/
MAPS
Locate properties using the map on the previous page
60 condolife magazine | Jan. 16–Feb. 13, 2021
+
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
HOT PROPERTIES | OUT OF TOWN
FIND YOUR NEXT HOME
The latest properties in the Out of Town Area to keep your eye on
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nexthome.ca | myhomepage.ca  61
HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA
KITCHENER–WATERLOO
Guelph
Waterloo
Milton
Kitchener
Cambridge
5
Brantford
Hamilton
7
13
4
3 1
14
2 12
LONDON
15
London
11
62 condolife magazine | Jan. 16–Feb. 13, 2021
Mississauga
19
16 17
Oakville 18
6
MAPS Match the map numbers with property listings on the following Hot Properties page
Burlington
20 10
St Catharines
Niagara Falls
8
21
Welland
CARTOGRAPHY: MARKETMAPS.COM
9
nexthome.ca | myhomepage.ca  63
HOT PROPERTIES
FIND YOUR NEXT HOME
The latest properties in the Southwestern Ontario Area to keep your eye on
Legend: HR = High Rise CTH = City Home MR = Mid Rise LO = Loft LR = Low Rise LW= Live Work PH = Penthouse RH = Row Home TH = Townhouse
MAP LOCATION 1.
SITE
TYPE ADDRESS
CONTACT
Ancaster ................................Meadowlands ............................................MR/CTH .................... 559 Garner Rd E ................................................................ elitemdgroup.com
2.
Ancaster ................................Tiffany Hill ......................................................CTH........................ Raymond Rd. & Rymal Rd. ...................................... rosehavenhomes.com
3.
Brantford...............................The Ambrose Condos .................................. MR ......................... 401 Shellard Ln ...................................................... theambrosecondos.com
4.
Brantford...............................Station Sixty Lofts .......................................... MR ......................... 60 Market St. S................................................................... elitemdgroup.com
5.
Burlington ............................Affinity Condos ............................................... MR ......................... Plains Rd. E. & Filmandale Rd. ............................... rosehavenhomes.com
6.
Burlington ............................Millcroft Towns .............................................CTH........................ Appleby Line & Taywood Dr. .............................branthavenmillcroft.com
7.
Dundas ..................................Sage ..................................................................CTH........................ Governor & Craton .......................................................... elitemdgroup.com
8.
Fonthill ..................................One Twenty Condos .....................................LR.......................... Rice Rd. & Highway 20 ................................................... mountainview.com
9.
Fonthill ..................................The fonthill ..................................................... MR ......................... Rice Rd ................................................................................ elitemdgroup.com
10.
Grimsby.................................Odyssey Condos & Towns ..................... HR/CTH .................... Windward Dr. & N Service Rd. ................................ rosehvaenhomes.com
11.
Haggersville ........................Woodland Country Estates .....................LR/CTH .................... O Hewitt St ....................................................woodlandcountryestates.com
12.
Hamilton ...............................Electric Avenue ......................................... HR/CTH .................... Upper James & Rymal Rd............................................... elitemdgroup.com
13.
Hamilton ...............................KiWi Condos ................................................... HR ......................... 212 King William St................................................................kiwicondos.com
14.
Hamilton ...............................Steeltown City Co. ...................................MR/CTH .................... Fennell Ave. E. & Upper Ottawa St. .............................. elitemdgroup.com
15.
London ..................................White Oaks Urban Towns ...........................CTH........................ London ................................................................................ elitemdgroup.com
16.
Oakville .................................5 North .............................................................. MR ......................... 1388 Dundas St. W. ...................................................... mattamyhomes.com
17.
Oakville .................................Synergy ............................................................ MR ......................... McCraney St. E. & Sixth Line ..............................................branthaven.com
18.
Oakville .................................The Randall Residences ............................... MR ......................... Randall St. & Lakeshore Rd. E. .............................. randallresidences.com
19.
Oakville .................................Upper West Side at Oakvillage .................. MR ......................... 351 Dundas St. E. ................................................. upperwestsidecondos.ca
20.
Stoney Creek ......................Casa Di Torre .................................................. MR ......................... 980 Queenston Rd................................................................branthaven.com
21.
Welland .................................L’eau ...................................................................LR.......................... 1 Albert St................................................................. info@elitemdgroup.com
MAPS
Locate properties using the map on the previous page
64 condolife magazine | Jan. 16–Feb. 13, 2021
+
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
ADVERTISER INDEX — Find ads easily inside this edition 55C – MOD Developments .........................................................51 Access Storage ...........................................................................1 7 Ambrose Condo, The – Elite Developments .................... 2,3 Bermex .........................................................................................1 7 Black & Decker ................................................................... 56, 65
Enter our Sign-Up to Win Contest! BLACK+DECKER™ Prize Value: $149.99
Condo Store, The...................................................................... 1 6 Epoch........................................................................................... 3 3 Focal Point...................................................................................1 7 Gladstone Media ....................................................................... 1 9 Graydon Logistics ......................................................................1 7 Great Blue Resorts .................................................................... 6 5 Highway of Heroes ................................................................... 2 1 Hotel Vie .....................................................................................2 9 IDRC ..............................................................................................1 7 Indigo............................................................................................1 7 Jaymar ..........................................................................................1 7 McOuat........................................................................................ 1 4 MOD Developments ................................................................ 1 3 MRKT Alexandra Park – Tridel ............................................... 5 7 NextHome ...................................................................................1 7
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Skytower – Pinnacle International .......................................68
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Upper West Side 2 – Branthaven .........................................4,5
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Westerly – Tridel ......................................................................... 9
For full contest details & rules visit the link above.
BUILDERS
Branthaven ................................................................................4,5 MOD Developments .......................................................... 13, 15
Two Prizes Awarded Each Edition of Active Life, Condo life, HOMES and Reno + Decor
Mountainview Building Group ................................................1 1 Pinnacle International ........................................................57, 68 Elite Developments ................................................................ 2, 3 Solmar ......................................................................................... 6 7 Tridel ........................................................................................9, 57
www.blackanddecker.ca |
@blackanddeckerca
ADVICE | INDUSTRY REPORT
MINISTER’S ZONING ORDERS CAN BE NECESSARY TOOLS FOR
BUILDING HOMES DAvE WIlkES
What would you do if you paid for a service that was vital for your business and available from only one provider in your town, who promised to complete the service in a month and ended up taking 10 to 12 times longer? I suspect you would speak with the manager, lodge a complaint and try to get the service within the promised timeframe, or at least as quickly as possible. Builders and developers feel the same way about municipal services that are crucial to the building process, and when they can’t get them, a provincially legislated tool called a minister’s zoning order is used in some circumstances to remedy the situation. In order to build a house, a condominium or an office building in Ontario, you need to get permission from the municipality in the form of permits and approvals. Municipalities are granted certain powers under provincial legislation and regulations pertaining to planning, zoning and building. They are also authorized to charge fees for their services so they can recover their costs without passing them onto the taxpayer. Regulations spell out the terms and conditions that apply to this municipal authority, including the timeframes in which cities and towns must process permits and approvals. Unfortunately, municipalities frequently fail to meet these legislated timeframes. A recent municipal benchmarking report compiled for BILD by Altus Group found that of the 18 GTA municipalities examined, not
66 condolife magazine | Jan. 16–Feb. 13, 2021
one met the legislated timeframes, and in the most egregious case, a municipality took, on average (not just for a single case), 29 times longer than the maximum legislated timeframe. Remember that municipalities are empowered to charge a fee for these services, which means they can hire more staff if they need to and cover the cost through fees. Importantly, these delays carry implications for new-home buyers: Slow municipal approvals add between $58,000 and $87,000 to the cost of a typical 2,000-sq.-ft. singlefamily home in the GTA, and between $44,000 and $66,000 to the cost of a highrise condo. To provide some balance, the province uses a tool called a minister’s zoning order. The Minister of Municipal Affairs and Housing can, in certain cases, issue an order that provides the necessary approvals and speeds up the building of new homes.
Critics say that minister’s zoning orders are an example of the province trampling over municipal planning authority and processes. We disagree. Minister’s zoning orders are legislated and just tools – and, in an undersupplied region such as the GTA, necessary tools – to get the job done when municipalities are unable to do so in a timely manner. 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.
+MORE CONTENT ONlINE nexthome.ca
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