GTA Condo Life - December 18, 2021

Greater Toronto’s COMPLETE CONDO GUIDE

INSIDE:

NEW YEAR’S RESOLUTIONS FOR YOUR HOME

Greater Toronto Area Dec. 18, 2021–Jan. 29, 2022

2021 ANOTHER STRONG YEAR FOR NEW HOME AND CONDO SALES

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DEC. 18, 2021-JAN. 29, 2022

CONTENTS COVER STORY

26 LAWRENCE HILL LUXURY URBAN TOWNS ONE LOOK IS ALL IT TAKES TO FALL IN LOVE 6 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

53

43

Property profiles

48

26 Lawrence Hill Luxury townhomes from Kingdom Canada: It’s love at first sight

40 Builder Profile A look at the past and future of National Homes

35

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

DEPARTMENTS

8

65 Advertisers Index Want more information? Just ask — and you could win a prize

Editor’s Note Understanding growth

10

Contributors & Masthead

COLUMNS

12

Condo Life Online

20 Stat Chat

14

In the Spotlight

The evolution of the new condo market

GTA new home sales strong in October; more news on pages 16, 17, 18 and 19

24 The Marketing Edge

22

Inside The GTA

30 Home Realty

32

Neighbourhood Watch East GTA

36 In Conversation With...

Brian Sutherland, Argo Development Corp.

58 Maps & Amenity Charts

Buyer personas

31

39 Condo Pro What the homebuilding industry has learned in 2021

42 Real Insight Future realities for residential and commercial markets

66 Industry Report Municipal reserves should be spent on improving livability in the GTA

INTERIORS

2021 another strong year for new home and condo sales

43 Cover

Legally Speaking

44 Decor

Whose name should you put on the sales agreement?

46 Big Style

34 Western View Awards of Distinction celebrate homebuilding excellence

48 Style File 50 Gift Guide nexthome.ca 7

EDITOR’S NOTE

UNDERSTANDING GROWTH

WAYNE KARL EDITOR-IN-CHIEF Condo Life Magazine

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

+ get social

It’s a classic case of the old adage, “don’t shoot the messenger.”

Premier Doug Ford comes under fire for a lot of things (many deservedly, but let’s not digress), most recently for his announced plans to expand highway infrastructure in Ontario. While on the surface we can appreciate the apprehension about using valuable lands to build highways, it’s also important to understand that such initiatives are not just about reducing gridlock, commuting times or supply chain challenges, as the premier likes to say.

Indeed, the issues are a lot more complex than that, but in short, this is all about development – not just of highways, but of the communities, businesses and homes that surround such infrastructure.

Because we need them. Badly.

If you’re in the new-home buying market, you likely know how prices are trending these days. We won’t bore you with a series of detailed statistics, but know this: Population growth and immigration are stated objectives of the federal and provincial governments. It’s happening, in huge numbers.

And though COVID slowed the number of people making the GTA their new home, everything is trending back up.

By 2041, 13.5 million people will call the GTA home. If we’re already facing a housing supply shortage to the point where high double-digit price growth is routine and affordability is at a crisis level, what do we think is going to happen in the next three, five or 10 years, let alone 20?

During a recent virtual seminar hosted by prominent GTA brokerage PMA Brethour, a number of industry executives discussed these issues and potential solutions to the affordability and supply challenges. The comments were stark, to say the least.

“We need to declare war on this issue. We need to imagine it as though there are bombers flying overhead, and they are only 500 miles out, and they’re going to drop a bomb on society if we don’t fix this problem. We better get to it, and make things happen.”

This quote is from Peter Gilgan, founder and CEO of Mattamy Homes, one of the largest privately-owned builders in North America. If you know anything about Gilgan, you might know he’s one of the most philanthropic businessmen in Canada. So, these are not just words from someone who just wants to build more homes; the man cares about the world we live in.

Thankfully, governments are now aware of the real issues, and the urgent need to address them – even if some leaders are unable to articulate the full scale of the challenges.

For housing affordability now and for future generations, we all need to better understand growth, and how to manage it respectfully.

Interact with us on social media: nexthome

8 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

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 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

EDITOR-IN-CHIEF – GREATER TORONTO AREA

Wayne Karl wayne.karl@nexthome.ca MANAGING EDITOR

Rise Levy rise.levy@nexthome.ca CONTRIBUTORS

DECOR | LINDA MAZUR Linda Mazur is an award-winning 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 throughout the GTA and Canada. lindamazurdesign.com @LindaMazurGroup

REAL INSIGHT | KEVIN CRIGGER Kevin Crigger, TRREB President and realtor, is a long-standing and active member at the Toronto Regional Real Estate Board. He has served all levels of the real estate industry, as well as local charities and educational institutions

Jesse Abrams, Mike Collins-Williams, Kevin Crigger, Sara Duck, Barbara Lawlor, Linda Mazur, Geoff McOuat, Ben Myers, Lisa Rogers,Jayson Schwarz, Dave Wilkes SENIOR VICE-PRESIDENT, SALES, NEXTHOME

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

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

Leanne Speers

SENIOR CLIENT RELATIONS SPECIALIST – GTA

Sonia Presotto

MANAGER CUSTOMER SALES/SERVICE

Marilyn Watling

SALES & MARKETING CO-ORDINATORS

Gary Chilvers, Vi Nguyen 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. bullpenconsulting.ca

HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA

Josh Rosset DISTRIBUTION

distributionteam@nexthome.ca ACCOUNTING INQUIRIES

accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs BIG STYLE | LISA ROGERS Lisa Rogers is Executive Vice-President of Design for Dunpar Homes. Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and The Shopping Channel. Lisa is also a regular guest expert on CityTV’s Cityline. dunparhomes.com.

VICE-PRESIDENT, PRODUCTION – GTA

Lisa Kelly

PRODUCTION MANAGER – GTA

Yvonne Poon

GRAPHIC DESIGNER & ASSISTANT MANAGER

Alicesa Pullan

GRAPHIC DESIGNER & PRE-PRESS COORDINATOR

Hannah Yarkony LEGALLY SPEAKING | JAYSON SCHWARZ Jayson Schwarz LLM is a Toronto real estate lawyer and partner in the law firm Schwarz Law Partners LLP. He can be reached by visiting schwarzlaw.ca or by email at info@schwarzlaw.ca or phone at 416.486.2040.

GRAPHIC DESIGNERS

Johannah Lorenzo, Mike Terentiev

Published by

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

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NEW CONDO

DEVELOPMENT

Altree Developments’ Forest Hill Private Residences a timeless luxury boutique condominium Forest Hill Private Residences, Altree Developments’ latest project, will deliver a timeless luxury boutique condominium in the heart of Forest Hill, one of Toronto’s most coveted neighbourhoods.

National Homes and Brixen Developments launch DUO Condos – one of Brampton’s first highrise condos Amazing news for prospective homebuyers in Brampton! National Homes and Brixen Developments are launching Duo Condos – one of the city’s first highrise condos!

INSIGHT

HOMEBUILDING

Toronto advances Inclusionary Zoning policy despite cautions from industry City of Toronto moves ahead with “bad plan” to address housing affordability.

Housing rightly regains national prominence as unprecedented challenges build Elevating housing to national prominence is a major step toward addressing the affordable housing crisis across our country, and offers a welcoming ray of hope for Canadians who find themselves priced out of the real estate market.

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or check us out on 12 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

@condolifemag

ADVICE

What do rising interest rates mean for prospective homebuyers?

What might rising interest rates mean for those looking to buy a home?

Personal finance expert columnist Jesse Abrams walks you through the possibilities.

nexthome.ca CondoLifeMagazine

@condolifemagazine

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IN THE SPOTLIGHT

GTA NEW HOME SALES STRONG IN OCTOBER, SINGLE-FAMILY INVENTORY AT NEAR-HISTORIC LOW The GTA new home market saw strong sales in October, typical for this time of year, as singlefamily home inventory continued to slip, the Building Industry and Land Development Association (BILD) reports.

Total October new home sales of 4,280 were seven per cent above the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.

Condominium apartments, including units in low-, medium and highrise buildings, stacked townhouses and loft units, accounted for 3,168 units sold in October, 17 per cent above the 10-year average. It was the fourth highest level of condo apartment sales for the month of October since Altus Group started tracking in 2000.

Sales of new single-family homes, including detached, linked and semidetached houses and townhouses (excluding stacked townhouses), accounted for 1,112 units sold in October, which was 14 per cent below the 10-year average.

“Several factors are contributing to the shortage of new single-family home supply in the GTA, including a lack of serviced land, supply chain

issues and labour shortages,” says Justin Sherwood, BILD’s senior vice-president of communications and stakeholder relations. “As municipal and regional governments go through their municipal comprehensive reviews and Official Plan processes, they need to ensure they are planning for appropriate housing supply and choice for future residents.”

“New home markets are returning to more seasonal patterns after the pandemic-related disruptions over the past year-and-a-half,” adds Edward Jegg, analytics team leader at Altus Analytics, Altus Group. “The new condominium apartment sector remains reasonably well supplied to meet current demand levels, but near-historic low inventory of new single-family homes drove prices to record highs in October.”

As condominium unit openings outpaced sales in October, remaining inventory increased compared to the previous month, to 11,973 units.

(Remaining inventory includes units in pre-construction projects, in projects currently under construction, and in completed buildings.) This was still well below the 10-year average of 16,000 units. The benchmark price for

condominium apartments increased to $1.05 million in October, compared to the previous month, up 6.2 per cent over the last 12 months.

With single-family home openings significantly lagging sales, remaining inventory for single-family homes once again slipped in October, compared to the previous month, to 1,138 units. It was the second lowest level of remaining inventory for single-family homes ever, with the lowest being March 2017. The tight inventory contributed to another record in the benchmark price for new single-family homes, of $1.66 million, up 36.7 per cent over the last 12 months.

OCTOBER NEW HOME SALES BY MUNICIPALITY Condominium units

Single-family homes

Region

2021

2020

2019

2021

2020

2019

2021

2020

2019

Durham

496

45

40

318

496

249

814

541

289

Halton

262

98

346

112

238

291

374

336

637

Peel

519

413

496

251

393

423

770

806

919

1,464

1,142

1,746

25

32

20

1,489

1,174

1,766

York

427

796

679

406

723

345

833

1,519

1,024

GTA

3,168

2,494

3,307

1,112

1,882

4,376

4,635

Toronto

Total

1,328 4,280

SOURCE: ALTUS GROUP

14 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

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IN THE SPOTLIGHT

TRREB CALLS FOR ACTION ON SUPPLY CRUNCH AS AVERAGE PRICE HITS NEW ALL-TIME HIGH Home sales reached a new record for the month of November, and the average selling price reached a new all-time high, the Toronto Regional Real Estate Board reports.

New listings were down substantially compared to last year for all market segments – further highlighting the inherent supply issue across all home types in the Great Toronto Area.

GTA realtors reported 9,017 home sales through TRREB’s MLS system in November 2021 – 3.3 per cent above the November 2020 result, setting a new record. In contrast, new listings were down by 13.2 per cent year-over-year, with double-digit declines for lowrise home types and condominiums.

“Governments at all levels must take coordinated action to increase supply in the immediate term to begin addressing the supply challenges of today, and to work towards satisfying growing demand in the future,” says TRREB President Kevin Crigger. “The GTA remains the primary destination for new immigrants and is at the centre of the Canadian economy.

For far too long, governments have focused on short-term bandaid policies to artificially suppress demand. Current market activity highlights decisively that these policies do not work, and unless governments work together to cut red tape,

streamline the approval processes, and incentivize mid-density housing, ongoing housing affordability challenges will escalate. On this point, we commend the City of Toronto for moving forward with initiatives to facilitate the creation of more mid-density home types, including their current consultations on options to encourage more multiplex development across the city.”

The MLS Home Price Index composite benchmark was up by 28.3 per cent year-over-year in November 2021. The average selling price for all home types combined was $1.16 million – up by 21.7 per cent, compared to November 2020.

“A key difference this year compared to last year, is how the condo segment continues to tighten and experience an acceleration in price growth, particularly in suburban areas,” says TRREB Chief Market

Analyst Jason Mercer. “This speaks to the broadening of economic recovery, with first-time buyers moving back into the market in a big way this year. The condo and townhouse segments, with lower price points on average, will remain popular as population growth picks up over the next two years.”

“As population and housing demand continues to grow in the GTA, it will be important to support the fabric of our region’s neighbourhoods. This can be partially accomplished by bringing online a greater diversity of housing choices,” says TRREB CEO John DiMichele.

“However, in addition, local businesses also need support, and TRREB was encouraged to see the new small business property tax class approved by the City of Toronto. This will be an important tool for postpandemic recovery.”

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

905

Total

Detached

$1.80M (22.3)

$1.49M (32.7)

$1.56M (30.3)

Semi-detached

$1.43M (23.4)

$1.07M (31.1)

$1.20M (27.3)

Townhome

$981,759 (19.7)

$955,010 (31.0)

$962,044 (28.1)

Condo

$745,951 (16.5)

$646,211 (21.1)

$715,104 (18.0) SOURCE: TRREB

16 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

IN THE SPOTLIGHT

LAKEVIEW VILLAGE UNVEILS NEW BRAND, ANNOUNCES BUILDER PARTNERS

Lakeview Community Partners Ltd. (LCPL), the development group behind Lakeview Village, has announced its Phase 1 builder partners and the new Lakeview Village brand for this transformative waterfront community currently being built along the shores of Lake Ontario.

Phase 1 builder partners include Branthaven, Caivan, Greenpark Group, DECO, Opus Homes and Tridel.

Lakeview Village, an expansive mixed-use waterfront destination, is being designed as a walkable community that promotes connections to the surrounding environment. The plan offers a wide range of diverse housing, recreation, retail, employment, greenspace, arts and cultural features, and is said to be the most transformative waterfront community in Canada.

“This is the realization of the master plan vision and an embodiment of modern lakefront

living,” says Brian Sutherland, vice-president of development, Argo Development Corp. and development lead for Lakeview Village. “This is a brand that celebrates our move towards reconnecting people to the waterfront for the first time in decades. At the heart of it all, Lakeview Village is really about establishing a greater connection to the land and the lake, instilling a true sense of place and bringing a sustainable waterfront experience to Ontario for future generations to enjoy.”

LCPL says Lakeview Village will masterfully bridge the natural environment with the needs of future community members, as a model of sustainable community building.

With a diverse mix of residential, retail, arts and cultural spaces, eco-friendly mobility routes and public transportation, integrated public amenities and proximity to conservation areas, Lakeview Village will be an all-season destination while bringing the ultimate lakesideliving experience to residents.

Following development plan approvals on Nov. 10, LCPL is partnering with six of Canada’s most established and trusted residential builders: Branthaven,

Caivan, Greenpark, DECO, Opus Homes and Tridel.

Each builder brings extensive industry experience, best-inclass construction quality and innovative design capabilities to Lakeview Village. With distinct and highly individual housing typologies, the builders will provide a range of modern, sustainable housing options to southern Mississauga, while ensuring LCPL delivers on its mission to create Canada’s most transformative waterfront community.

“Our builder partners were intentionally selected for their unparalleled industry expertise and commitment to excellence, aligned with the mission, values and vision of Lakeview Village as a sustainable, future-proofed community,” says Sutherland. “We are thrilled to have partnered with the best in the business to provide much needed housing to the region, and with excellent transit connections to downtown Toronto, give a new generation of homeowners access to the waterfront. We look forward to working with this top-caliber group to bring our shared vision to life.”

To learn more about Lakeview Village, visit mylakeviewvillage.com.

FOREST HILL PRIVATE RESIDENCES OFFICIALLY BREAKS GROUND Altree Developments has officially broken ground at Forest Hill Private Residences, a landmark luxury boutique condominium at 2 Forest Hill Rd. The condominium comprises both suites and townhouses, and is well on the way to selling out its available 94 residences. altreedevelopments.com. nexthome.ca 17

IN THE SPOTLIGHT

WEST END HOME BUILDERS’ ASSOCIATION NAMES AWARDS OF DISTINCTION WINNERS The West-End Home Builders’ Association recently conferred its annual Awards of Distinction, recognizing the highest levels of achievement in building, design, promotion and marketing in the new home, renovation, marketing, sales and design in the Hamilton and Halton area.

The Awards of Distinction winners were selected from more than 200 nominees judged by Toronto, Guelph, Kitchener, Niagara and London area members of the Ontario Home Builders’ Association, which are directly involved with the related award categories.

Best Signage Branthaven Homes | Homestead Best Social Media Campaign Branthaven Homes | Homestead Best Website Branthaven Homes | Homestead Best On-Site Sales & Marketing Package Branthaven Homes | Homestead Best Ingenuity in Marketing Carriage Gate Homes | Roxboro Marketing Award of the Year Branthaven Homes | Homestead

Winners include: ACHIEVEMENT AWARDS CREATIVE AWARDS

Best Magazine Advertisement Branthaven Homes | Homestead

Consumer Choice Award Low Volume Zeina Homes Consumer Choice Award High Volume Marz Homes PRODUCT AWARDS

Best Sales Office Branthaven Homes | Homestead

The One Stop Shop for Builder Storytelling mcouatpartnership.com

18 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

Best Bathroom in a Home Under 2,000 Sq. Ft. Losani Homes | Brant West | MacIntosh Best Bathroom in a Home 2,000 Sq. Ft. & Over Branthaven Homes | Homestead | Kirkendall

Best Kitchen in a Home 2,000 Sq. Ft. & Over Branthaven Homes | Homestead Best Exterior Concept on a Highrise Branthaven Homes | Upper West Side Condos 2 Best in Housing Affordability Carriage Gate Homes | Roxboro Project of the Year | Mid to Highrise Branthaven Homes | Upper West Side Condos 2 Project of the Year | Lowrise Losani Homes | Waterworx DISTINGUISHED SERVICE AWARD - BUILDER MEMBER Mark Bales, Carriage Gate Homes THE KEVIN MCINTOSH MEMORIAL AWARD FOR THE UNDER 40 YOUNG PROFESSIONAL OF THE YEAR AWARD Fernando Puga, Homes by DeSantis 2021 CHBA Award of Honour Robert Molinaro, Bianca Bruzzese & Terri Johns 2019-2020 CHBA Membership Retention Award WEHBA For a complete list of winners, visit westendhba.ca.

IN THE SPOTLIGHT

ENERQUALITY CONFERS 2020 EQ AWARDS After another year of growth and innovation, leaders in the Ontario building industry celebrated and recognized their collective successes, achievements of their peers, and special projects demonstrating the best of homebuilding.

Last year was a record one for certifying energy efficient homes, with this year’s additions reaching a total of more than 100,000 homes certified to date as delivering the benefits of the Energy Star label – built more than 15 per cent better than code. Net Zero and Net Zero Ready homes are also contributing to steady growth in energy efficient buildings. In building energy efficient homes to established certifications – including Energy Star, EnerGuide and Net Zero – EnerQuality’s community of builders has helped Ontario homeowners save $258 million in lifetime energy costs, reduce more than one million tonnes of C02e, and shrink greenhouse gas emissions and overall environmental footprint.

“Ontario builders are committed to building better and hiring job seekers with transferable skills who are eager to learn on the job is also part of building better,” says Monica Curtis, EnerQuality president and CEO. “By building more efficient homes and hiring a more representative workforce, the province’s construction industry is meeting the twin challenges of environmental sustainability and diversity and inclusion.”

In its second year as a virtual event, more than 200 building professionals joined the event online, representing HBAs, municipalities, and more than 100 companies, including homebuilders, architects, engineers, energy advisors, building officials, tradespeople, manufacturers, and product and service providers.

This year’s event featured the Innovation Gauntlet – an exciting

pitch session where manufacturers present their new solutions to optimize the high-performance new construction and renovation industry – and attendees voted on the most innovative new solution.

“Increasingly, homeowners’ consciousness about their environmental footprint shapes their housing priorities,” says Curtis. “The EQ Awards showcase how the industry is building homes that use less energy, are more comfortable, with better indoor air quality and lower emissions overall. As the market shifts to focus on carbon, we expect to see even more builders certifying their homes and building better than code.”

2020 WINNERS INCLUDE:

• Champion Of the Year: Marc Huminilowycz, Sideroad Communications • Enbridge – Optimum Home: Mattamy Homes • Enbridge – Savings by Design (Affordable): Spotlight Developments Inc. • Enbridge – Savings by Design (Commercial): Drewlo Holdings • Enbridge – Savings by Design (Residential): Dietrich Homes • Energy Advisor of The Year: Huso Ashimi, Building Knowledge Canada • EnerQuality’s Energy Star For New Homes – Large Volume Builder: Activa

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

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nexthome.ca 19

ADVICE | STAT CHAT

THE EVOLUTION OF THE NEW CONDO MARKET IN THE GTA

BEN MYERS

When I first started following the new condominium apartment market in the GTA 15 years ago, sales were just starting to take off, there were long lines at project openings, and the word “Manhattanization” was just entering the Toronto vernacular.

Investors were just starting to take interest in the possibilities and opportunities of buying preconstruction condominiums. Many investors got burned in the late 1980s, buying new condos and trying to flip the contracts shortly after purchasing them. However, following the ‘80s debacle, lenders got a lot more conservative, requiring developers to sell at least 70 per cent of the units in a project prior to qualifying for construction financing. Many of these lenders also required down payments of at least 15 per cent of the end selling price, 35 per cent for buyers outside of Canada, no purchases in corporate names, and more “skin in the game” via higher equity requirements for developers.

As demand increased, the towers got bigger, the timelines longer, and the prices higher. End-user buyers declined due to the widening period from pre-construction to occupancy, increased down payment requirements, higher prices, and the negative media coverage of the new condo market. There were real estate articles that always mentioned the late 1980s housing issues in Ontario, that brought up the potential for oversupply, and when the U.S. housing crash hit, end-user buyers as

20 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

a share of total new condo buyers fell even more.

The market has continued to evolve since 2010 in the form of higher government fees and construction costs, and much larger buildings, which all drive up costs.

Declining single-family construction, worsening traffic and environmental protections have shifted demand from low-density suburban housing to the condo market. Despite all the cranes you see, demand continues to outpace supply in the GTA. The development industry built more homes in 2002 than it did in 2020, and the ones it did build last year are much smaller, on average, compared to 20 years ago.

Over the past two years in the midst of a pandemic, the new condo market has continued to thrive.

However, units are getting even smaller and investors that hold-andrent are facing new competition from the increasing number of purposebuilt rental apartment towers.

Pensions, insurance companies and other institutional capital are partnering with developers to build rental buildings as they see decreasing affordability, and young professionals being renters for life.

Where does that leave us? It is inevitable that the pace of new condo construction will begin to decline over the next few years as units get more expensive due to policy changes, such as inclusionary zoning, and investors continue to encounter negative cash flow and increased competition when renting their units.

Demand for new condo product will inevitably decline.

This will result in fewer new home completions in four to five years, and a rise in resale prices and rents in 2025 and 2026, which

will ultimately encourage investors to jump back into the new preconstruction condo market.

The new condo market operates in these very long cycles, as some super-tall towers are taking up to six years to build. I honestly don’t know what advice to give you; forecasting this market during the aftermath of a pandemic, new variants, low interest rates, high inflation, strong job growth, increasing immigration, restrictive zoning, and ever-changing political policies impacting the housing market (see rent control, vacant homes taxes, foreign-buyer taxes, affordable housing mandates) is nearly impossible.

If you are in the market to buy, think long-term, do your research and surround yourself with an experienced team. Don’t be afraid to ask a lot of questions. 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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#InsidetheGTA

by SUSAN LEGGE

GTA

IN2ITION AND FRIENDS

IN2ITION BRINGS JOY TO PEEL REGION In2ition Realty consistently gives back to its community – and 2021 was no different. Last year, the company was introduced to a small but dynamic organization – Peel Children’s Aid Foundation – which supports local children and families in need of life’s basic necessities.

Only slightly dampened by the pandemic, In2ition was not permitted to collect physical items and focused on raising as much money as possible from staff, family, builders, broker partners and industry friends. With 100 per cent of the funds raised going toward items for the hundreds of families in need, In2ition CEO and Founder, Debbie Cosic and Orion Real Estate Corp. Broker of Record, Ralph Del Deca, generously committed to matching all donations, and more than $70,000 was collected. in2ition.ca 22 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

Bringing IKEA Design closer to home

IKEA Design Studios are popping up all over the GTA. Having just opened its doors in the Scarborough Town Centre, three more studios are opening soon in Brampton, London and St. Catharines, and there are three more operating in Oshawa, Mississauga’s Square One and in Toronto’s stackt market.

Open for 12 to 18 months, the spaces are a short-term concept, connecting customers with IKEA’s planning and design experts in local spaces.

Purchases made at an IKEA Design Studio can be delivered directly to customers’ homes or picked up at local IKEA locations. IKEA.com

Online service helps you redesign and de-clutter your home virtually Simcoe County realtor Nina Downs has started a high-tech design service that provides advice – right down to where your dog bed or cat condo will go.

The process uses either empty room photos or spaces that have been recreated using dimensions for those who have rooms full of furniture they don’t want to remove.

“The intent is to stage an empty condo or home without renting costly furniture, or to help you plan for a renovation or redesign,” says Downs. The company also provides in-person de-cluttering and organizational services throughout the Simcoe region. upstagers.ca BEFORE

AFTER

RAD Marketing nets big dollars for Habitat for Humanity RAD Marketing, a Toronto-based sales and marketing firm specializing in pre-construction real estate, was thrilled with the success of its yearend fundraiser. Setting a goal to raise $25,000 for Habitat for Humanity GTA, the company was able to collect $110,000. A collective effort between the RAD team, its clients, and RAD Elite Club members, the funds will help provide much-needed affordable housing for lower income families in the region. radmarketing.ca

Mattamy Homes one of the GTA’s top employers for another year Mattamy Homes has once again been named one of Greater Toronto’s Top Employers.

Now in its 16th year, the Greater Toronto’s Top Employers competition compares companies and organizations to determine which are the most progressive and forward-thinking in their field.

“Being recognized as one of the Greater Toronto Area’s top employers for the fourth time is something really special for us, as the GTA is where it all began for Mattamy, 43 years ago,” says Brad Carr, CEO of Mattamy Homes Canada.

The Greater Toronto’s Top Employers competition is an annual project that recognizes employers that have exceptional human resources programs and forward-thinking workplace policies. nexthome.ca 23

ADVICE | THE MARKETING EDGE

BUYER PERSONAS AND HOW TO SEPARATE PRINCE CHARLES FROM OZZY OSBORNE

GEOFF McOUAT

Prince Charles

Ozzy Osborne

• Male

• Male

• Born in 1948

• Born in 1948

• Raised in the UK

• Raised in the UK

• Married twice

• Married twice

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

• Wealthy and famous

customer for specific product. It’s a powerful way of understanding the needs of, and creating content for, a precise part of your market.

For every community, there are likely different personas, simply because of range of product. Even within each product type, there will be different types of buyers, and they need their own message.

A good buyer persona dives into what makes them tick, what problems they are solving, and what is driving their decision to buy. In most cases, the decision to buy is prompted by life changes. Think marriage, children, divorce, job changes, children leaving home, retirement and, of course, running through it all, investment.

FIVE STEPS TO BUILDING

Same profile, very different people.

Yes, understanding demographics is an important way to start building your marketing plan, but if that’s all you’re doing, then you’re not spending your resources properly, and you could end up saying the wrong thing to a large part of your audience.

In marketing, you don’t reach anyone if you’re trying to reach everyone. Different groups with similar interests need different content on different platforms.

That’s what buyer personas are all about. They help you create marketing that says the right thing to the right people, on a platform where they are actually engaged.

Is a buyer persona the same as a target market? Yes and no. One is general, and the other is very specific.

A target market is the particular group of buyers you are aiming your project at. A buyer persona is a fictional image of your ideal 24 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

BETTER BUYER PERSONAS

Step one: Do your research. Use Statistics Canada, Environics, focus groups, online questionnaires, and even talk to people in the local coffee shop. You need insights before you can develop your strategy. Get to know your neighbourhood and the people who live there if you want to understand who would be interested in joining them. If you’re selling castles, both Charles and Ozzy would be your demographic.

Step two: Decide which life changes will be the ones driving people to this product. Not all neighbourhoods have a starter market. Not all condos are the answer for a growing family.

Your project will have its own unique appeal, so use insights from your research to get a clear understanding of why buyers would choose you.

Determine what your differences are and how you meet their needs.

Step three: If it looks like a dating profile, you’re not going deep enough – though if you have a waterfront project, liking “long walks on the beach” would be a plus. The goal is to understand the hopes, dreams and fears of your buyer’s persona. This is where Charles and Ozzy start to diverge. We have to assume that The Prince of Darkness and the Prince of Wales have different aspirations.

Step four: Use your emotional intelligence. It’s not just a logical decision. If your project is in their wheelhouse, then imagine what will make them fall in love with your offering.

Step five: Choose the right channel to speak to each buyer persona. Movedown buyers won’t likely be on TikTok. Gen Z stays far away from Facebook.

You need to speak to them where they are, in a way that’s appropriate for the medium. And remember that certain types of messages have more impact in different media or on different sites, so use the right tone for the channel.

To put it all in perspective, if you were meeting either Prince Charles or Ozzy, you would likely dress differently for the occasion, and the conversation would have a different tone. They’re both into metal, it’s just that for one, heavy metal means a crown.

Geoff McOuat is Creative Director, Brand Identity Consultant and Principal at McOuat Partnership, Toronto. mcouatpartnership.com

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COVER STORY

LAWRENCE HILL LUXURY URBAN TOWNS OF SUPERIOR DESIGN Reach higher. Be better. Think deeper.

Build a better world. These are the four pillars of Kingdom Canada, the foundation that has helped the company establish a reputation as one of the top builders in the Canadian real estate development industry, and the same pillars driving the design and development of their latest community, Lawrence Hill.

With 222 luxury urban towns nestled in a lushly landscaped enclave, close to Edwards Gardens, the Shops at Don Mills, and the Crosstown LRT, Lawrence Hill is a new jewel in the centre of the GTA. But there’s more to this exciting project than just a sophisticated exterior – Lawrence Hill is one of the first concrete-built townhome communities in the city, an insightful choice from Kingdom and a testament to the company’s unwavering commitment to the 26 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

comfort, safety and satisfaction of their homeowners.

STRUCTURALLY SUPERIOR CONCRETE CONSTRUCTION

While typical condo towns are stickbuilt – meaning they use a wooden frame constructed piece by piece (or stick by stick) – the luxury towns at Lawrence Hill use a solid reinforced concrete structure, offering superior comfort and quality. The benefits to residents are numerous: Cleaner indoor air

Since concrete structures limit the infiltration of allergens and any crossover circulation between units, residents at Lawrence Hill will breathe easy in homes with superior indoor air quality. Concrete is also mold-, moisture- and mildew-resistant, eliminating odours and other smells from the building.

Twice the soundproofing

Where the typical wood structure home has an average sound transmission class (STC) of approximately 27, concrete provides an STC of 60, so homeowners will enjoy peace and quiet with more than two times the soundproofing of wood-frame construction.

Zero vibrations

The concrete floor structure at Lawrence Hill eliminates any unwanted vibrations. Whether there’s a truck rumbling by, or play time is getting rowdy at the neighbour’s, you’ll feel calm and comfortable.

A safer home

As one of the most fire-resistant materials, concrete provides an additional level of protection, reducing fire-related damage to the building by up to seven times

compared to wooden structures. It’s additional peace of mind, keeping you and your loved ones safe.

Lower insurance premiums

With increased protection from fire, severe weather and other undesirable events, insurance premiums on concrete homes are generally lower than stick-built structures.

Better value

Concrete construction generally results in lower maintenance costs and higher long-term value, meaning that an investment in Lawrence Hill today will provide strong returns for years to come.

SURROUNDED BY SOPHISTICATION

With function fully optimized by the superior concrete foundation, form steps up to steal the show.

Lawrence Hill cuts a striking figure with a contemporary exterior that combines architecturally-superior dark brick veneer and durable woodlook aluminum siding in beautiful contrast. The design, by Torontobased TAES Architects Inc., is an example of the studio’s international aesthetic (the team has studied and worked on four continents, from Australia to Asia, North America to Europe), combining a minimal northern European sensibility with an emphasis on the outdoors found in an intimate community, and a hint of sleek NYC style.

Expansive windows and glazed balcony railings offer clear sightlines onto exquisite landscape design.

Green lawns, colourful plants and tree canopies surround the community and create a setting where friends can picnic, children can play and families can create lasting memories outdoors. Whether walking through the courtyard, perched on a private urban patio, sitting on a balcony or lounging on an all-season rooftop terrace, residents at Lawrence Hill are connected to nature and a healthier way to live.

Residents will have their pick of outdoor living spaces: Private garden nexthome.ca 27

patios, wraparound balconies or enormous rooftop terraces with builtin gas barbecues, water and electrical connections, and sweeping treetop views, offering an urban backyard and a private sanctuary from city life.

The interiors by Tomas Pearce are just as breathtaking. Discover spacious, light-filled, two and threebedroom plans with elegant features, bespoke finishes, and sophisticated details such as nine-ft. ceilings, wide plank flooring, spa-inspired bathrooms, and gourmet kitchens complete with quartz countertops and integrated appliances.

SO MUCH TO LOVE

Beyond the contemporary architecture and sophisticated interiors, there’s even more to love at Lawrence Hill.

Residents will have access to an upscale amenity space that transforms from a sleek dining room and lounge, to a flexible work/study space for today’s modern lifestyle, They will enjoy the sound of laughter and the warmth of sunlight in an adjacent parkette that Kingdom Canada is integrating into the site to encourage a deeper connection to the outdoors. And of course, they’ll reap the remarkable benefits of a prime location in the centre of the GTA. Just minutes from Hwy. 401 and the DVP; the “Lawrence 54” and 28 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

“Victoria Park 24” buses, offering easy connections to the YongeUniversity and Bloor-Danforth subway lines; and the Eglinton LRT, with two stations planned just south of Lawrence Hill; this is truly a community with transit at its heart.

Close to shopping, dining, arts, culture, education, parks and community services, Lawrence Hill offers everything that makes urban living so attractive, but tucked away, in a peaceful enclave, surrounded by nature.

Walk to The Shops at Don Mills for an afternoon strolling through the open-air mall, or head to Bayview Village, Fairview Mall, Eglinton Square or Yorkdale, all just a short drive

from home. Spend an afternoon soaking up science and culture at the Ontario Science Centre or the Aga Khan Museum. Stop and smell the roses at Edwards Gardens, or explore the trails of the Charles Sauriol Conservation Area, ET Seton Park, Sunnybrook Park and Moccasin Trail Park.

From top to bottom, inside and out, every luxurious detail at Lawrence Hill is a testament to Kingdom’s unwavering commitment to strong community, superior construction and exceptional design. One look is all it takes to fall in love.

Register today at lawrencehillurbantowns.com.

A TREE FOR EVERY HERO.

Join us in planting 2 million trees along the 401 Highway of Heroes, a tribute to the men and women who fought for Canada in our wars, and a living memorial to the 117,000 who died for freedom.

Get involved today:

As part of Trees for Life’s Tree Coalition, we are proud to work collaboratively with GrandTrees Climate Solutions.

ADVICE | HomE REAlty

2021 ANOTHER STRONG YEAR FOR NEW HOME AND CONDO SALES

DEbbiE COsiC

The pandemic, the economy, materials and labour shortages, rising prices… the year 2021 will go down as a remarkable one. We started out with the news that the Greater Toronto Area new home market sales outperformed those in 2020, and at the end of the year, benchmark prices were the highest ever. Talk about market resilience.

According to Altus Group statistics reported by the Building Industry and Land Development Association (BILD), January 2021 brought continuing low supply, as it is common for few product launches during that month.

Not surprisingly, benchmark prices continued to rise. March was an extremely busy month for sales for both low- and highrise in the GTA. In fact, for condo sales, it was the second-highest March since 2000, when Altus Group began tracking sales. Benchmark prices were up again. Then in April, we saw record high sales for condos again – the highest for that month since April 2000. By then, we had several condo launches, which helped a lot with supply. BILD President and CEO David Wilkes called it “unprecedented activity in the GTA market.”

The market continued strong in May, but inventory levels were still low. By the end of June, the total number of sales for the first six months was 25 per cent above the 10-year average. Total sales in June were four per cent above that average, with condo sales at

30 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

13 per cent above that month’s average. Lowrise figures lagged, but so did supply.

Prices continued to rise as we entered July, which was a typically slow month for sales, yet prices reached record highs. Low inventory levels across the board exerted – and continue to exert – upward pressure on prices. In August, condominium sales reached an all-time sales record for that month, largely because of new product launches offering badly needed supply.

Again, new lowrise homes were in tremendously short supply.

In September, we saw strong GTA sales again and continuing low inventory. Condo sales were the third highest for that month since 2000. This is remarkable considering the challenges I mentioned at the beginning of this column. I am proud to be part of an industry that has provided homes, jobs and economic strength throughout a unique time in history.

It is well documented that our new housing market in Toronto and the GTA is in desperate need of supply, especially in lowrise homes.

For years, builders and developers have been urging governments at all levels to streamline the approvals process so more new home choices can be brought to market without unnecessary delays. By 2051, the GTA will be home to four million more residents. It’s mind-boggling to think about where people will live. Remember that condos provide both ownership for buyers and rental options for tenants.

So, what will 2022 bring? I can tell you that at In2ition Realty, we are prepared to sell even more homes and condos throughout the coming year, and we are excited to venture into new markets providing unique homeownership opportunities.

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

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

JAYSON SCHWARZ, LLM & JACQUELINE MONETA, JD

When considering the purchase of property for investment or other purposes, but not your principal residence, you need to consider whether to purchase in your own name, or through another vehicle such as an incorporated company.

It is important to take a holistic approach and understand the goals and reasons for investing in the property. Some of the most common considerations are set out below.

SOLE PROPRIETORSHIPS

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

You still have all of the liability and personal responsibility.

PARTNERSHIPS

More than one person goes into business with another, and together they buy property in their own names.

They have the same responsibilities that they would in a sole proprietorship, and each partner has the authority to bind the other. Sometimes, complex partnership agreements are drafted, setting out each partner’s rights and responsibilities, and how the partnership will operate. A partnership can be registered pursuant to the Partnership Act of Ontario.

CORPORATION

A corporation is an entity that is created pursuant to Statute (in

Ontario the Ontario Business Corporations Act) and owned by its shareholders. It has directors who report to the shareholders, and officers who manage and run the company and answer to the directors.

It is a common structure in which to do business in Canada. It is a separate legal entity from the shareholders, and thereby provides limited liability to the shareholders. A corporation is essentially like a person. Corporations file their own tax returns, have addresses and can sign contracts.

Now, it gets more complex because we get into Limited Partnerships under the Limited Partnership Act and joint ventures. If the deal is big enough to merit this, then you need to seek proper legal and accounting advice to help with the setup and organization of your transaction and structure.

What if you buy a house on your own?

PRINCIPAL RESIDENCE

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

The principal residence exemption is an income tax benefit that exempts you from tax on the capital gains when you sell a property that is your principal residence, and provided you can demonstrate that it truly was your principal residence.

What many people don’t know is that there is a place in the Income Tax Act, and on your tax return, to designate your principal residence; you have an obligation to do this every year to avoid issues when you sell your home.

Corporations may be very useful structures for holding real estate in some situations, but in others, the cost, tax efficiency and complexity could be detrimental. This is why it’s important to seek good tax and legal advice prior to any property purchases.

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

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nexthome.ca 31

NEIGHBOURHOOD WATCH

EAST GTA A GROWING HOMEBUYER DESTINATION

by WAYNE KARL If recent predictions about more homebuyers looking outside the downtown core in a post-pandemic world prove accurate, east GTA might just be one of the chief beneficiaries.

Communities such as Ajax, Oshawa, Pickering and Whitby have plenty going for them in their own right – close enough to Toronto to be benefit from easy transit and highway access, but also sufficiently distant to boast their own small-town feel.

Indeed, in its 2022 Housing Market Outlook, ReMax cites Durham Region as one of the strongest areas in the entire province in terms of price growth.

Average prices in Durham rose 29 per cent in 2021 (as of Oct. 31) to $914,548, from $706,810 in 2020. The company forecasts another seven-per-cent increase in 2022 to $978,566.

Another realty firm, Royal LePage, shows strong home price growth in these communities in east GTA: As for the new home market, the Building Industry and Land Development Association reports new condo sales in Durham are also on the rise – to 496 units in October 2021, compared to 45 in October 2020 and 40 in 2019.

What’s the appeal in the east?

Convenient natural location just east of Toronto along Hwy. 401 is among the reasons, with Pickering just 40 km from downtown, Ajax 46, Whitby 59 and

Oshawa 62. Living in these areas and commuting into the city is a real option – particularly with recent GO Transit improvements and the expansion of Hwy. 407.

EXPANDING ATTRACTIONS

As with any growing municipalities, these areas also offer expanding amenity and retail options. The Oshawa Centre, for example, is the largest shopping complex in Durham and is home to more than 230 outlets. And in downtown Oshawa, of course, there’s a variety of unique shops and restaurants.

Nature is also front and centre, as Oshawa is home to wildlife preserves such as the Pumphouse Marsh, Second Marsh and McLaughlin Bay Wildlife Reserve. Oshawa Botanical Gardens boasts North America’s largest contemporary peony collection, and on Oshawa’s Lake Ontario shoreline, Lakeview Park offers many picnic areas, playgrounds, sports fields, a waterfront pier and sandy beaches.

In Whitby, more than 100 parks with more than 60 kilometres of trails, including the Bio-Diversity Trail, the Cullen Central Park Trails, Otter Creek Trail and the Whitby Shores Waterfront Trail, await residents. The 670-acre Lynde Shores Conservation area is known for its wildlife and provides habitat for nesting birds.

AGGREGATE HOME PRICE GROWTH, Q3, EAST GTA MARKETS Market

Q3 ‘20

Q2 ‘21

Q3 ’21

Q/Q % chg

Yr/Yr % chg

Ajax

$783,800

$937,500

$991,300

5.7

26.6

Oshawa

$620,000

$788,750

$807,000

2.3

30.2

Pickering

$830,500

$998,500

$1.01M

1.2

21.7

Whitby

$785,300

$987,500

$1.00M

1.3

27.4

SOURCE: ROYAL LEPAGE HOUSE PRICE SURVEY AND MARKET SURVEY FORECAST

32 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

+ LOCATION, LOCATION, LOCATION Located east of Toronto, east GTA comprises Pickering, 40 km from Toronto, population 91,771; Ajax 46 km, population 121,780; Whitby 59 km, population 128,377; Oshawa 62 km, population 159,458.

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ADVICE| |IPSUM WESTERN VIEW LOREM IF NEEDED

AWARDS OF DISTINCTION CELEBRATE HOMEBUILDING EXCELLENCE

MIKE COLLINS-WILLIAMS

The West End Home Builders’ Association recently conferred its annual Awards of Distinction – first introduced nearly 40 years ago and now among the most prestigious recognitions in the residential construction industry. The Awards recognize the highest levels of achievement in the homebuilding industry and provide a showcase for the latest ideas in building, design, promotion and marketing in the new home, renovation, marketing, sales and design in the Hamilton and Halton areas. Winners were selected from more than 200 nominees, judged by established professionals in the industry, who are members of the Ontario Home Builders’ Association.

“Despite last year’s uncertainty, and the challenges caused by labour and supply shortages, the homebuilding industry continued to provide new homes and solutions for future and existing homeowners,” says WEHBA President Bianca Bruzzese. “We are in awe of the creativity, innovative designs, building concepts and level of craftmanship presented by our members, and we are extremely proud of this year’s winners and finalists.”

Branthaven Homes was the winner of the Project of the Year Award for Mid- to Highrise development, for its project, Upper West Side Condos 2. Branthaven also took home multiple creative awards, including Best Signage, Best Social Media Campaign, Best Website as well as

34 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

the Marketing Award of the Year, for Homestead. The Project of the Year Award for Lowrise Community was handed out to Losani Homes for its project, Waterworx, a new townhome development in East Hamilton. The WEHBA Project of the Year Awards are among the most distinguished recognitions in the industry, and are presented to the companies that demonstrate higher levels of site presentation, curb appeal, innovation and technology.

The WEHBA Consumer Choice Awards, produced by the customer experience research company Customer Insight, recognize the best low- and high-volume builders, as rated by their customers. Zeina Homes was awarded the Consumer Choice Award for a low volume builder (less than 100 units), and Marz Homes won the Consumer Choice Award for a high-volume builder (more than 100 units).

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

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

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ADVICE | PERSONAL FINANCE

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

JESSE ABRAMS

get pre-approved to lock in low rates before they increase.

UNDERSTAND ALL THE COSTS INVOLVED

With 2022 just around the corner, you’re probably listing all of the resolutions you want to make for the new year ahead. If buying a new home happens to be on this list, there are many factors to consider, especially with rates expected to increase over the next two years. To ensure you’re prepared, here are four key steps to navigate the homebuying process with ease.

GET PRE-APPROVED FOR A MORTGAGE

Mortgage pre-approval is a great first step for any homebuyer, as it helps you understand what you can afford right from the start. It gives you a clear budget to work with, as it gives you the best idea of your affordability and simplifies the home search by narrowing the neighbourhoods you’re able to buy in. Also, once you know how much you qualify for, you can begin planning out what your monthly payments will be, along with other household expenses.

A pre-approval is essentially a commitment from your lender to hold a rate and mortgage for you, for up to four months. If you buy a home within that four-month period, this pre-approval can turn into a mortgage approval if you continue to meet the lender’s requirements.

With rates expected to rise, getting pre-approved is a good way to lock in a lower rate while you can. Here at Homewise, we’ve been seeing many prospective buyers moving quickly to

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

KEEP AN EYE ON YOUR CREDIT

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

common for most Canadians to run straight to their bank to secure a mortgage without considering any other avenues. Fortunately, there are other options beyond the bank, such as credit unions and monoline lenders that have grown in popularity because they offer competitive products, as well as lower rates and penalties. At the end of the day, you’ll want to find a mortgage that best suits your needs over the long term.

That’s why having a good understanding of what’s available in the marketplace is essential to help you make the right decision. At Homewise, we are always surprised how many clients come to us with offers from their bank that we are not only able to beat, but we also provide a lot of transparency into what the mortgage options mean, both in the short- and long-term, based on key features.

The start to a new year is always an exciting time – mix in a new home purchase and it’s one you’ll remember forever. To make the most of this experience, be diligent from the very beginning by educating yourself on the homebuying process and understanding what’s involved before you take the plunge. Your future self will thank you for it.

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

SHOP AROUND

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

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nexthome.ca 35

IN CONVERSATION WITH...

BRIAN SUTHERLAND VICE-PRESIDENT OF DEVELOPMENT ARGO DEVELOPMENT CORP.

BY WAYNE KARL

36 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

How is the progress at Lakeview Village coming along?

It’s certainly been busy on-site, particularly over the last several months. Last month, we received Official Plan Amendment approvals, zoning bylaw approval and Draft Plan Approval (DPA) for Lakeview Village, from Mississauga City Council. We also unveiled Lakeview Village’s official branding and announced our Phase 1 builder partners.

We’re also nearing completion on the Lakeview Village Discovery Centre, a central gathering place for residents and visitors, which will be used to host and welcome various events and activations, including art and educational exhibitions. It is expected to open to the public in early 2022.

Other major progress includes our work on the Phase 1 restoration of Serson Creek, and we’re also winding up the recycling of materials and debris from the former coal-fired powerplant and transitioning them for use at the adjacent Jim Tovey Lakeview Conservation Area.

How did the development plans change from the beginning of the process to final approval, either from community input or the municipality?

During the initial planning stage, we did a significant amount of due diligence – working closely with City staff, engaging with the community, consulting various stakeholders, and we’re really happy that the approvals received from City Council this fall were aligned and stayed true to the council-endorsed master plan, which received unanimous approval in the fall of 2019.

What are the most notable changes to the plan since inception of Lakeview Village?

What are you really excited about now that perhaps wasn’t so evident at the outset?

We are really excited to be advancing work on sustainable measures for Lakeview Village, such as a District Energy system, which truly makes this a sustainable waterfront community.

RENDERINGS: CICADA DESIGN INC.

If you’re familiar with the Lakeview area of Port Credit, or you’ve driven along this stretch of Lakeshore Road in Mississauga, you’ve likely noticed something different. Most notable is a striking, 1,600-linear-ft. hoarding featuring the works of local artists, other art installations and one of the first structures that will soon become part of the expansive, multi-year, master-planned development – Lakeview Village.

Until the last couple of years, this former site of the Lakeview Generating Station, demolished in 2007, sat dormant awaiting redevelopment. Now, finally, things are happening – early signs of a major rejuvenation that will eventually give rise to a new community comprising 8,000 new homes and 20,000 residents.

We spoke to Brian Sutherland, vice-president of development for Argo Development Corp., development lead for Lakeview Village, to get the latest update on this transformative project.

A District Energy system implemented at Lakeview Village would be the first of its scale in Canada, and is crucial to developing a future-ready community.

Advancements in things such as parks, open-space, the pier – the characteristics that make Lakeview Village a destination and establish a true sense of place – are also incredibly exciting elements to witness. We’re bringing 50-plus acres of parks to the community, and enhancing the natural heritage corridor through the restoration of Serson Creek. While the master plan captured these elements from the start, it’s an honour to see the acceleration of this work as these aspects begin to take shape.

You recently announced the builder partners for Phase 1 –

Branthaven, Caivan, Greenpark Group, DECO, Opus Homes and Tridel. What was involved in the selection process?

Ensuring that the builders involved with Lakeview Village were in alignment with our vision for the community was crucial. We want to deliver on our commitment to environmental stewardship and the provision of diverse and designforward housing options to build a place that fosters connections between people and place. Our builder partners are the best in the business, and we’re very excited to be working together to bring Lakeview Village to life.

Servicing of the site is anticipated to begin in 2022 for completion in 2023, and we expect all of our builders to have begun work on their individual projects by 2023.

Future phases of the project buildout, beyond residential, will include areas such as the Innovation District – 20-plus acres of land that will bring 1.8 million sq. ft. of office space and 9,000 jobs to the region – a hotel, school, an arts and cultural hub, as well as other residential blocks, over the next 10 to 15 years.

When can prospective homebuyers actually begin to purchase homes at Lakeview Village?

We’re anticipating having our builder partners go to sale at various points throughout 2022 and into 2023.

The site is really taking shape, with site preparation, the sunflowers, the Discovery Centre… what are the next visual signposts that will be noticeable next spring or summer?

Later this year and into early next year, servicing will begin for completion in 2023, the first phase of the Serson Creek restoration is to be completed, and the earthwork’s are to be completed in the fall.

Placemaking has been a key component of this project throughout the entire process, and it will continue to be during the build-out. Engaging the community, encouraging them to visit the site and reconnect with the waterfront and the outdoors is the driving force behind our activations, such as the sunflower

nexthome.ca 37

field, the Discovery Centre, public art installations, and our live summer music series, Sunsets, Sunflowers and Sounds. Throughout 2022, bringing people out to experience the site will continue to be a priority, and we look forward to unveiling some exiting new installations over the course of the year.

The renderings of the pier, among others, look very impressive.

How exciting is it to not just be building such an expansive community, but also one with such landmark features?

It’s really exciting to be able to develop this site, which was formerly home to the Lakeview Generating Station known as the Four Sisters smokestacks. Having the opportunity to transform it from its industrial, polluting past into a Green, sustainable future community is an honour. The spectacular 600-metre pier that juts out into Lake Ontario was historically inaccessible to the public, used only to carry coal from cargo ships to the station.

Since we purchased the lands in 2018, we’ve made it our mission to transform the site into a community

that is built for the future, one that meets the needs of environmentally focused society, while reconnecting residents to the waterfront for the first time in decades.

Through revitalizing the pier, excavating and donating the debris from the demolished station to the Jim Tovey Lakeview Conservation Area, building a sustainable community from the ground up, and bringing the natural ecosystem back to this area through diligent restoration efforts, we’re collectively

reclaiming this history and turning it into something positive. mylakeviewvillage.com

on a personal note How have you managed during the pandemic? Taken on any new hobbies or acquired new skills?

It’s certainly been a difficult adjustment, especially with my partner and I both working primarily from home while caring for two young children, and managing the intricacies of virtual education.

Like so many others, I’ve made it a priority to get outdoors, exercise and connect with nature, which has simultaneously made me realize how essential it is to live in a community that makes it easy and safe to enjoy runs, bike rides or walks with the family. Tapping into those core values and priorities has made working on Lakeview so much more rewarding, because it will deliver opportunities for being active outdoors, connecting to nature, and having fun with the people who matter most.

What, or who, is your greatest inspiration for what you do?

It may sound cliche, but honestly, my kids. They’re so young, yet so passionate, and I want to play a part in safeguarding their future. In so many ways, my kids – the future generation homeowners and changemakers – are the inspiration behind what I do.

Ensuring that the mark we leave, and the places we create, are forward-thinking, sustainable and promote genuine connections to the surrounding environment, is absolutely critical.

What’s on your reading lists these days?

Ha… well, outside of the children’s books, I’ve been mostly consumed by technical reports, development plans and other materials related to Lakeview Village. But come back to me in 15 years, and I may have a recommendation for you.

38 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

ADVICE | CONDO PRO

WHAT THE HOMEBUILDING INDUSTRY

HAS LEARNED IN 2021 BARBARA LAWLOR

As we come to the end of 2021 and look back on the year, we can be proud of what we have achieved in the new home and condominium industry.

The biggest lesson is that, apparently, nothing can keep us down.

New condo sales, in particular, were phenomenal in 2020, when the pandemic reared its ugly head, and they have continued to impress throughout this year. Condo sales reflect the extreme shortage of available new lowrise homes, which are equally in demand. For many years, condos have provided more available and financially attainable choices, although those very prices continue to rise. As I continually remind readers, whichever type of new home you want, buy sooner rather than later.

If you consider immigration and the plethora of red tape involved in transforming land into residential communities, the challenge with lack of supply is bound to be around for a while. The statistics are staggering.

In October 2020, the government of Canada tabled the 2021-23 Immigration Levels Plan, which welcomes 401,000 new permanent residents in 2021; 411,000 in 2022; and 421,000 in 2023. The plan was designed to support our country’s economic recovery from COVID-19, fuel future growth, create jobs for middle-class Canadians and help fill critical labour market gaps. As a result, we are experiencing an increased demand for accommodations across

The United Building

the country, especially in Toronto and the GTA, where about 25 per cent of Canada’s newcomers choose to live. We can expect four million more residents in the GTA by 2051.

This is great news in many ways, as throughout history, we have relied on immigrants to enrich the cultural tapestry that makes up our country. Since the pandemic began and new immigration was put on hold, those immigrants who were here already have helped our economy recovery. We need all the skilled and talented workers we can get, especially in our construction industry and health-care system.

What’s the solution? We need governments to step in and do something about this situation, because they can. They can keep an open mind to what land can be developed and ease approval processes to make that happen. This year showed us that the new home industry has finally risen to the top of political priorities at the federal level, as it was part of the political platforms for the parties. This bodes well for the future of the new home industry. Yes,

change takes time, but it must start somewhere. I like to think we have a good start on positive change.

Despite the naysayers in the past who predicted that our interest rates would remain in the double digits forever, that we wouldn’t survive the recession of 2008, that the housing market would go bust from effects of the pandemic and rising prices… and so on, we are doing great, thank you very much. As an industry, we are resilient, resourceful, innovative and optimistic. The pandemic is on the wane; the government has taken notice; and we look forward to another successful year in 2022.

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. baker-re.com

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BUILDER PROFILE

REVIEWING THE BLUEPRINTS A LOOK AT THE PAST AND FUTURE OF NATIONAL HOMES As a developer dedicated to meeting and exceeding the needs of future communities, the strongest mark of success is in homeowner satisfaction.

In the past year, National Homes has enjoyed notable success across a multitude of elements, including communities, initiatives and philanthropic causes.

Its most recent community, The Vale, launched in Courtice this summer to resounding enthusiasm and rapid sales. According to the Trimart Monthly Housing Report for August 2021, The Vale was not only rated within the top three sites for sales volume, but took the top spot as the best selling community in the east. From the most reliable report on the market, this achievement 40 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

makes a strong statement for the success of The Vale, which has since completely sold out.

Having always been in close contact with its communities to continue to learn and adapt to the needs of families, National Homes is a long-time proponent of workshops, focus groups and bright new ideas for modern living. But this year, the company did something different.

Since we can’t all get together to brainstorm innovative ideas, National created a new YOUprint survey – building off its iconic “Blueprint” branding – to engage with its communities and learn exactly what homeowners really want.

With the participation of more than 400 homeowners, National shone

the light on the priorities of our communities. The highest choice, at 79 per cent of participants agreeing, is a desire for a home with full Smart Security options.

Unsurprisingly, a separate office space was also near the top of the list, for those working from home during the past two years and who will continue to do so in the future.

This trend of remote work has also created another visible change – many families are considering moving farther out of urban centres in the next few years, seeking more space, more opportunities and a healthier lifestyle.

This is a priority seen more and more, as people seek connection with the things that truly matter.

Access to greenspace, walking/biking

trails and outdoor space were all highlighted as things homeowners are seeking in their next home. These are all elements National Homes has thoughtfully built into many of its communities, selecting beautiful locations near protected greenspace, where residents can get out, enjoy the fresh air and interact with their environment. And with the strong emphasis on these priorities, this is a factor National will be taking into consideration long into the future as a key part of their iconic Greenprint Initiative, which focuses on sustainable practices, natural connection and energy efficiency.

In the past year, National has seen incredible growth that led to brand new opportunities. Though known for its inspiring work on family-oriented lowrise communities, National is spreading its wings and launching into an exciting new venture – National Developments, a brand new subsidiary of National Homes, designed to enter the realm of condominiums.

This new company will give National Homes the freedom to branch out into a whole new market, providing beautiful homes for even more people across the GTA. To kick off this exciting endeavour, National recently announced its first upcoming condo community.

Scheduled to come to Brampton in 2022 is Duo Condos, a vibrant new highrise located by Hurontario Street and Steeles Avenue West, bringing the best of modern living to this up-and-

coming area, from the combined efforts of National Developments and Brixen Developments. This exciting new project is designed to meet the needs of homeowners by providing high-quality homes in a highly commutable, livable neighbourhood surrounded by shopping, dining, prime highway access, parks, schools and more.

Most remarkably, Duo Condos will be located just steps from Brampton Gateway Transit Terminal, providing unparalleled access to a wide range of transit options. From the future Hurontario LRT to GO, Brampton, MiWay, and Züm, this is a buzzing hub of opportunities, ready to take you anywhere you need to go. Whether it’s a commute to work in downtown Toronto, a trip to Pearson Airport, or a stop at one of the GTA’s prestigious post-secondary institutions, Brampton Gateway is your starting point.

National Developments continues the motto of its parent company – You Are the Blueprint. This guarantees future homeowners that Duo Condos

will be just as personal, intuitive and beautiful as each one of National Homes’ premier communities.

Packed with innovative features, sustainable options, and high-quality features, Duo is set to deliver the best of National Homes, augmented

by Brixen’s expertise in condo development. Coming early in 2022, Duo is set to shake things up at National in the best way possible.

With another new community coming to Mississauga in early 2022, the much-anticipated release of Whitehorn Woods, a collection of elegant townhomes nestled next to nature, exciting things are on the horizon for National Homes.

The company’s remarkable success across 2021 has set it on the path towards a strong start in 2022, with the promise of an amazing series of opportunities across the GTA keeping the interest of the Real Estate world.

For more information, visit nationalhomes.com.

nexthome.ca 41

ADVICE | REAL INSIGHT

FUTURE REALITIES FOR RESIDENTIAL AND COMMERCIAL MARKETS

JASON MERCER

The necessary lockdowns of the COVID-19 pandemic disrupted real estate in more ways than one. We experienced a shift in the residential market, as well as in the retail, office and industrial segments.

Despite higher case counts recently, the anticipation is for a broader reopening to continue in 2022. With this in mind, what does the future hold for the residential and commercial markets?

RESIDENTIAL MARKET

During the initial phases of recovery from the pandemic, demand was very strong and market conditions tight for lowrise home types, namely detached and semi-detached houses and townhouses. Initially, inventory levels for condominium units were elevated, resulting in condo prices trending flat to down.

However, as we moved through 2021, demand for condominiums picked up and excess inventory was absorbed. In the second half

of this year, we saw a consistent acceleration in condo prices, as first-time buyer activity improved.

One thing that’s certain is demand isn’t going away. Immigration and non-permanent migration will pick up and will positively impact the demand for all types of residential real estate, in both ownership and rental.

While we could see slightly softer demand due to higher borrowing costs over the next year, this impact will be mitigated, at least in part, by an increase in population growth.

COMMERCIAL MARKET

In the commercial marketplace, the retail, office and industrial segments were affected in different ways.

We saw an accelerated shift from bricks-and-mortar stores to an online shopping experience – ultimately resulting in more demand for industrial space to support logistics.

While offices, cubicles, and meeting rooms quickly emptied, virtual tools such as Zoom and Microsoft Teams became the new reality.

But, what’s next for office buildings?

Will we see a return to the prepandemic normal or will businesses embrace some form of hybrid approach, allowing in-office and work-from-home flexibility? While

the return to the workplace remains a moving target, this obviously has ramifications for businesses that serve other workers, including restaurants and ancillary retail.

How conditions in different commercial market segments unfold over the next year is somewhat unknown and will depend on the degree to which the recovery from the pandemic strengthens over time.

If you’re interested in such topics, tune into TRREB’s Ready to Real Estate podcast “Back to Business” podcast episode on what a return to work might look like in a postpandemic world.

You can also mark your calendars for the release of TRREB’s 2022 Market Outlook & 2021 Market Year in Review report. It’s coming out on Feb. 3, 2022, and will include joint research with the Toronto Region Board of Trade on the future of back to work and its effect on commercial and residential markets, as well as worker sentiment polling from Maru Blue.

Don’t forget to stay up to date with the latest market trends, both in residential and commercial sectors.

Visit trreb.ca to explore the latest market reports. Plus, connect with a TRREB member realtor and search listings in real time on any device.

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

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42 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

INTERIORS

The Forest Hill Private Residences, Altree Dev. altreedevelopments.com

IN THIS SECTION:

DECOR | STYLE | GIFT GUIDE | HOME FINDS

INSPIRATION |

decor

FOUR TIPS TO PERFECT THIS COMBINATION IN YOUR SPACE

by LINDA MAZUR

While colour trends for interiors fade in and out of style, there is nothing more classic and timeless than a black and white interior. This high-contrast combination can be effortlessly elegant, yet equally comfortable and casual.

44 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

Endlessly versatile, this duo can dominate or punctuate a space, or take a back seat and become complementary to almost every other colour you could dream of decorating your home with.

PHOTOS: MARBLE TREND. MARBLETREND.COM

CLASSIC BLACK AND WHITE

Balance is key when working with these two hues, and a good rule of thumb is to use an approximate 70/30 ratio; meaning one is your primary hue, and one your secondary, offering you a comfortable blending of the two. You can layer in other shades of black and whites, or introduce other accent colours, wood tones and metallics to create a well-balanced room.

One thing to remember when decorating with black and white is how lighting will affect the colours, especially cooler LED lights. Blacks and whites can vary greatly in both natural and artificial light; make sure you are not selecting a black and white that will appear harsh or cold. Sometimes, working with softer blacks and warmer whites will help to create a more welcoming and cosy space in all types of lighting.

From timeless black and white checkerboard tiles to classic marble, bold black and white wallpapers, to stunning high-gloss millwork, there are endless ways to make a statement in your home with a black and white combo. However, to create a well curated, well-designed space that feels welcoming, stylish and effortlessly chic, you need to create visual interest by introducing pattern and texture to help add character, while keeping your space from appearing flat, stark or unimaginative.

Whether you are looking for a bold new look, or a simple update to your space, this duo is sure to provide endless design inspiration that will never fall out of favour. They are classic, luxurious and glamourous, while still being relaxed, fun and comfortable. Whatever your style, you simply cannot go wrong with this perfect combination.

Try these four tips for working with black and white: 1. Create some drama in your home by using a great shade of warm black on your walls. A powder room is a fantastic place to have fun with black as a wall colour, and make it even

more exciting by adding a pattern to your walls with mouldings.

2. Matte black faucets and hardware have been on trend for a few years, and are always a great way to punctuate your bathroom or kitchen.

However, a glossy white faucet on a black counter can be an exciting new way to play with these contrasting hues.

3. Recycle vintage pieces by painting them a great shade of black or white. Not only will these pieces have new life, they will also add visual interest to your space.

4. When playing with pattern in your black and white space, remember to vary the scale of your patterns, as well as types of patterns such as geometric, stripe and floral. But be careful not to overdo it, as your room can appear chaotic.

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 45

INSPIRATION |

big style

NEW YEAR’S RESOLUTIONS FOR YOUR HOME

by LISA ROGERS

Every January, we set new intentions or resolutions we wish to make for ourselves in the new year. But what about setting goals for our home?

Here are some simple suggestions on making our most crucial sanctuary more efficient, eco-friendly and beautiful for 2022.

GET RID OF THE CLUTTER

This is my fail-safe when I’m feeling unsettled in my home: I streamline and clear my spaces of clutter. By the end of the year, and with the holidays behind us, we acquire an inordinate 46 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

amount of “stuff,” and much of it will get shoved into storage closets, under beds, and in so many boxes we don’t know what to do with it. All of that clutter can make your home feel claustrophobic and disorganized (not the way we want to kick off 2022).

So, this year, commit to going room by room and get rid of anything you don’t use, wear or want. If clothing is still in excellent condition, consider donating to a local charity of your choice. Facebook Marketplace is also a worthwhile platform to sell (or give away) any furniture, decor and home

items you no longer have use for. You would be surprised how many people would love the things you don’t want.

REDUCE YOUR CARBON FOOTPRINT

Is there anything we need to commit to more fully in the new year? It’s helping save our planet. Reducing your carbon footprint in your home doesn’t require you to invest in solar panels or triple-paned windows – you can make small changes that yield a big impact without such extreme measures. Cut your energy usage by always making sure to turn off

lights when you leave a room, opt to air dry your clothes instead of using the dryer, install LED light bulbs, use your food waste to create your own compost, and wash your dishes in the dishwasher, as opposed to handwashing. You may think you’re more virtuous washing your dishes by hand, but it’s much more wasteful. You use up to 27 gallons of water per load by hand, versus three gallons with an Energy Star-rated dishwasher.

Speaking of appliances, there are some terrific energy-efficient ones on the market now, so if you’re looking for something new, they’re worth checking out. All of these tactics will significantly improve your energy usage in your home, and the planet will thank you for it.

CREATE A COSIER BEDROOM

‘Tis the season for staying in and keeping cosy, and our bedrooms are

the place to unwind and recharge during the cold and dark winter months. To truly make your bedroom a calming retreat, consider bringing in more winter-friendly (such as low-light) greenery and plants, invest in soft and luxurious bedding (I love flannel this time of year), and switch out the lighting for vintage bulbs that will give your room a warm, inviting glow. Also try adding a cosy eiderdown or comforter in a warm colour to enwrap you when you crawl into bed.

TURN YOUR BATHROOM INTO A SPA

A big trend coming out of bathroom decor last year was hanging fresh eucalyptus branches in your shower, and it is still going strong into the new year. Find a bunch from your local flower shop and gather them with twine to hang off your shower head. Once your bathroom fills with steam, it will activate the oils in the eucalyptus, which give off a wonderfully fresh fragrance. I also love lighting candles and buying new, fluffy towels – it feels so luxurious, as if you were indulging in an authentic spa experience at home.

MAXIMIZE NATURAL LIGHT

We crave natural light this time of year, and we don’t get much of it, so with those sacred hours of sunlight, make sure your rooms are positioned to soak it all in. Position your living room seating near the window and choose window treatments that still allow light to pour into your space quickly.

SPEND FIVE MINUTES EVERY NIGHT TIDYING UP YOUR SPACE

How many times do you throw your clothes on your chair before you go to bed only to realize, days later, they’re still there? Keeping our homes tidy can be done as quickly as five minutes. Hang up your clothes before bed, do the last of the dishes, fold your towels or wipe down messy surfaces. When you wake up the following day, your home will be clean, and it will feel restful.

BRING IN FRESH FLOWERS

Such a simple thing, but it is an instant mood-booster. Fresh flowers in your home remind us of the warmer days ahead, but they also bring colour, brightening our space and spirits. I love the scent of fresh flowers – it’s like having built-in aromatherapy.

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 nexthome.ca 47

7

INSPIRATION |

style file

Cosy living ideas

by SARA DUCK

The cold weather is upon us and it’s time to hunker down and make our home a cocoon of

comfort

Candles

High Park, white tea, mandarin and thyme scented CANDLE. $24. vancouvercandle.co.com | SCENTED CANDLE in glass holder. $20. hm.com | BEHJÄRTAD scented CANDLE in pot. From $7. Ikea.ca

Dark coloured accent wall

“We chose Benjamin Moore’s Deep Royal 2061-10 for a bold accent in this otherwise light and airy living room. The deep blue wall provides a perfect cosy and contemporary backdrop for our client.”

– Designers Renée Frostick and Andi Wheelband, Two Birds Design PHOTO: Stephani Buchman

48 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

Wood elements

“It was important for my clients to have a cosy, inviting space to come home to every day. I wanted them to feel as though they escaped to a weekend cottage. Throughout the home, I introduced wood, to give the spaces that extra layer of warmth.”

– Designer Jessica Cinnamon, Jessica Cinnamon Design PHOTO: Stephani Buchman Two-tone hazelnut hanging LAMP by Atelier Cocotte. $210. simons.ca. Teak and rattan ARMCHAIR. $500. zarahome.ca

1

“Just like you can bring in a cosy feeling with a hint of natural wood or greenery, candlelight is the most organic element in the lighting world.”

– Designer Louis Duncan-He

2

7

3

Electric fireplace “Electric fireplaces now offer tons of benefits, such as low maintenance and lower cost, yet provide the same level of comfort as other styles. Most electric fireplaces come with a vent that faces the front, so it does provide heat.” – Designer Diana Rose, Diana Rose Design PHOTO: Mike Chajecki

Rich textiles “I love using velvet fabric to elevate a space and set the mood. It’s so tactile and soft, it helps create a welcoming, cosy atmosphere. It can be used on anything from seating to pillows.”

– Designer Stephanie Brown, Stephanie Brown Inc.

4

PHOTO: Janis Nicolay Cotton velvet CUSHION COVERS in grey and beige. $30. hm.com

5

Luxe curtains TIP! Choosing thick curtains in heavyweight, tightly woven fabric (or material) can provide a good barrier against the chilly outdoors.

Luxurious velvet CURTAIN in dark grey, 52-in by 86-in. $45. simons.ca

Neutral hues “Create a cosy living space with calm and subdued earth tones and inject hints of natural, organic textures such as wood and stone. Layered rugs are a simple and effective way to amp up the cosiness factor in your living room.” – Designer Sascha Lafleur, West of Main

6 nexthome.ca 49

INSPIRATION |

gift guide

gifts r! holle

GEM JEWELRY BOX. $70. eq3.com

THAT

Symfonisk PICTURE FRAME WIF-FI SPEAKER in black. $249. ikea.ca

1

2 3 6

WAFFLE WEAVE RESORT ROBE. $183. potterybarn.ca

LUXE LOVER

4 5

Eco-warrior

1. Agave + intensive VEGAN LIP MASK in rose gold pearl. $34. sephora.ca | 2. INDOOR HERB GARDEN KIT with LED grow light by iDoo. $126. amazon.ca | 3. Avocado + glacial CLAY SOAP. $22. obakki.com | 4. Floral cotton DUVET COVER set in light beige. $40. hm.com | 5. Simply Sustainable BOOK by Lily Cameron. $30. amazon.ca | 6. Duck REUSABLE BAG in natural grid by Baggu. $44. indigo.ca 50 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

WOVEN CASHMERE THROW blanket with fringes in light grey. $337. maisoncashmere.com

Celestial nights SILK SLEEP MASK AND SCRUNCHIE SET. $105. slipsilkpillowcase.ca

THE MINIMALIST Aroma mosaic DIFFUSER

by The Little Market. $98. saje.com

1

PURIFIER hot+cold. $899. dysoncanada.ca

3

2

Arch handle MUG in black. $12. indigo.ca

Cotton woven TOWEL. $52. obakki.com

The

wayfarer

Barista touch ESPRESSO MACHINE in black truffle by Breville. $1,499. breville.ca

Black fringe HANDBAG. $150. winners.ca

4

5

6

Kanji BRACELET by Anne-Marie Chagnon. $108. simons.ca

1. CARRY-ON in terrazzo. $379. monos.com | 2. Colombia Madre Laura BREW by Java Roasters. $22. javaroasters.ca | 3. Navy NOTEBOOK. $10. marshalls.ca | 4. The Bucket List BOOK by Kath Stathers. $40. amazon.ca | 5. Fuji Instamax Mini. 90 new classic INSTANT FILM CAMERA. $190. amazon.ca | 6. TATA’S DAILY ESSENTIALS KIT by Tata Harper. $94. thedetoxmarket.ca

nexthome.ca 51

HOUSEWARMING CONTEST! YOU COULD WIN A

100

$

GIFT CARD!

Did our homebuyer guides help you find home?

If your new home or condo was purchased within the past 12 months, tell us about your experience and you could WIN!

Ontario Edition Nov. 7, 2020–Feb. 27, 2021

nexthome.ca | myhomepage.ca

travel & leisure | home & garden | technology & finance | beauty & wellness

THE BEST COLLECTION OF NEW 4 SEASON HOMES condolife

in the Georgian Bay area

nexthome.ca | myhomepage.ca

Greater Toronto Area Dec. 5, 2020–Jan. 16, 2021

Greater Toronto’s COMPLETE CONDO GUIDE

nexthome.ca | myhomepage.ca

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

2020-10-28 1:10 PM

Fabulous LIVING IN THOROLD! The Rose Hill Condos

New Capital North Communities condo in Vaughan launching soon

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HOW TO ENTER:

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2020-11-27 2:30 PM

HOMEBUYER INTENTIONS STILL STRONG: SURVEY

WEST COMMUNITY NEW PHASE COMING SOON! DISCOVER SINGLE FAMILY HOMES AND SPACIOUS TOWNS!

INSIDE:

Scan the QR or visit nexthome.ca/corporate/contests for full contest details & rules

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HOMEBUYER INTENTIONS STILL STRONG: SURVEY

WHERE MORTGAGE RATES ARE HEADED IN 2021

WHERE MORTGAGE RATES ARE HEADED IN 2021

2020-11-27 3:06 2:30 PM

INSPIRATION |

home finds

HOME etc.

Bespoke Fridge

The new collection by Samsung is all about celebrating your personal kitchen style. And the best part? Everything is customizable. Choose from a two- or fourdoor configuration and get ready to select colours, with eight shades and two finishes to choose from. Looking for a bigger fridge? No problem! Just add another column to your Bespoke Fridge to suit all your needs.

Seamlessly blends into the kitchen design! canadianappliance source.ca

nexthome.ca 53

home finds HOW TO PICK WINE LIKE A PRO with Super Wine Girl, Angela Aiello

1 2 3 4

NEW WORLD IS ALL ABOUT GRAPES AND EUROPE IS ALL ABOUT THE PLACE IT’S FROM The first thing to understand is that in places such as Canada, the U.S., Australia, New Zealand, South Africa, Chile and Argentina, wines are labelled by the grapes inside the bottle. You’ll see grape names such as Riesling, Chardonnay, Cabernet, Shiraz and Grenache, etc.

In many places in Europe, wines are labelled by the place they are from. You’ll see names of places such as, Burgundy, Bordeaux, Champagne, Chianti, Barolo, Cahors, Priorat, Rioja and Sherry.

There are many varieties of grapes in the world and many regions that grow them. Each grape varietal and each region has a unique flavour profile – so there is always something to discover. Getting to know your favourite grapes and varietals is crucial in better understanding which wines you’ll prefer.

UNDERSTAND WINE STYLES AND HAVE AN IDEA OF WHICH STYLE YOU’RE CRAVING Do you drink according to your mood, the weather or what food you’re pairing with the wine? Your wine preferences may change based on your mood, the occasion, the time of year or what you’re preparing for the next meal. Give your style words and feelings so that you can pinpoint exactly what wine you want to try.

DON’T JUDGE A WINE BY THE LABEL OR PRICE Flashy art or a higher price tag can lead you to believe you are purchasing quality wine. Be mindful this is not always the case.

Read the labels (both front and back). You can even research the producer for added information as you can learn more about the product and the producer’s work. A nice wine label or bottle on sale will get you once but it might not get you again. There are great wines at great prices and also great wines with great labels, but judging just on looks or price is not the way to buy wine.

BE OPEN TO TAKING A WINE ADVENTURE Did you know the Canary Islands makes wine? Did you know Washington State makes killer Cabernet and that Argentina grows vineyards at high elevation, creating exceptional mountain wines?

There is so much cool stuff to learn about wine that you can literally have an adventure in every single bottle you open! You can learn about the world in every sip, and that’s really exciting, especially now when it’s hard to travel. You can taste the world from the comfort of your home with a glass of wine in your hand and Google by your side.

To learn more and subscribe to Angela’s Super Taster Collective visit superwinegirl.com or follow her on Instagram and/or TikTok @SuperWineGirl

54 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

1. Suspend TALL BAR CABINET in white marble and walnut. $1,599. cb2.ca | 2. MID-CENTURY BAR CABINET. $1,349. westelm. ca | 3. V BAR. $1,399. article. com | 4. West charcoal CANE BAR CABINET by Leanne Ford. $3,099. crateandbarrel.ca

1

4

3

Cool and concealed

2

Cellarettes or bar cabinets as they are called today, have been around for centuries. They appeared in Europe as early as the 15th century, designed to carry, transport and store a small number of bottled alcoholic beverages. Today, bar cabinets are multi-functional, housing your bar accessories, bottles and also acting as a great small furniture piece.

TABLE service

1

Selecting the right plates and glasses can set the tone for a gorgeous tablescape. This year, go bold with patterned plates and colourful drinkware.

2

1. Fluted LOWBALL in cranberry by Oui. $19. (set of four). | 2. SIIRTOLAPUUTARHA PLATE by Marimekko. $41. eq3.com/indigo.ca | 3. Franklin double old-fashioned GLASS. $16. cb2.ca | 4. Brushed gold dinner PLATE. $189. (set of four). williamssonoma.ca | 5. Raised floral design glass TUMBLER. $10. zarahome.ca | 6. Chelsea DINNER PLATE. $30. cb2.ca | 7. VERONA TUMBLER glass. $7. eq3.com | 8. Large stoneware PLATE in gray-brown. $18. hm.com

3

4 5

Terrific

table runner

6

A table runner is an easy way to add a wow-factor to your table. With so many styles and colours available today, you are guaranteed to find one that suits your design style.

7

Hunter check TABLE RUNNER. From $14. simons.ca

pink

Think

8

Prosecco Rosé is finally available at the LCBO, and we are tickled pink about it. In order for it to be labelled Prosecco Rosé, the grapes used must come from a specific geographic area that has passed the Italian government’s quality requirements, and be fermented for at least 60 days in stainless steel tanks. We predict the pink bubbly will be popular this season.

PROSECCO ROSÉ DOC by Ruffino. $17. lcbo.com nexthome.ca 55

home finds

BAKE MASTER

HIGH

MEDIUM

Canadian baking super star Anna Olson shares some of her baking must-haves for the busy entertaining season.

1. Medium stainless-steel WHISK. $17.

2. French tapered ROLLING PIN. $20.

3. Stainless steel oval MEASURING SPOONS. $25.

4. Glass MEASURING CARAFE. $17.

5. Five-piece French PATISSERIE SET. $100.

6. Glass top CAKE TURNTABLE. $60.

All by Anna Olson Kitchen. thebay.com

1

Mixed up

LOW

2

A stand mixer is a hard-working small kitchen appliance that allows hands-free baking and prepping, easily and quickly.

Here are our top three picks for anyone’s budget

6 3

HIGH Pro line stand mixer seven-qt., by KitchenAid in candy apple red. $945. williams-sonoma.ca MEDIUM The bakery chef mixer in royal champagne. $600. breville.com LOW Precision master 5.5-qt. stand mixer in graphite. $399. cuisinart.ca

1

5 2 4

Go for

gold

Make your serveware stand out with pops of gold accents

3

1. NAPKINS with scalloped edge. $20 (set of two). zarahome.ca | 2. Gold FLATWARE eightpiece cutlery set. $42. walmart.ca | 3. Metal and wood CAKE SERVER. $15. hm.com | 4. SERVEWARE set by natural living. $30. linenchest.com 56 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

4

CONDO PROFILES

Pinnacle Toronto Cypress

developer: style: size: prices from: features:

contact: location:

Toronto

pinnacle international Highrise Up to 1,145 sq. ft.

The mid $700,000s • 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 416.596.1600 • info@PinnacleEtobicoke.ca 5475 Dundas St. West (west of Kipling)

LivGreen 2

MRKT Alexandra Park

developer: style: size: prices from: features:

contact: location:

Toronto

TRIDEL Highrise from 755 -1235 Sq. Ft. $1M for 2 bedroom suites • New Release of 2 and 3 Bedroom Suites • Steps from Toronto’s Kensington Market, Queen West and Chinatown.

• Lifestyle 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 Tridel.com Dundas St. W. + Denison Ave.

Stouffville

nexthome.ca | myhomepage.ca

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

Toronto’s Finest NEW HOME GUIDE

Fabulous LIVING IN THOROLD!

HOMES, Condo Life, Active Life Reno + Decor

WEST COMMUNITY NEW PHASE COMING SOON! DISCOVER SINGLE FAMILY HOMES AND SPACIOUS TOWNS!

INSIDE:

condolife

The ‘best of the best’ coverage in the categories of new home; new condo; adult lifestyle; design, decor and renovation.

Midrise Condominium 670 - 1,060 sq.ft $469,900 • Located in the heart of Stouffville • 1 Bed + Den & 2 Bed + Den open-concept layout designs • Modern finishes including 9 & 10 foot ceilings • Eco-friendly, net-zero condominium with state-ofthe-art sustainable technologies • Low Condo Fees & Low Utility Costs • Building amenities include luxuriously appointed games room, a generously equipped party room, and a fully equipped fitness centre. contact: livgreen2.ca | 905-479-6446 location: Main Street, Stouffville

Order in!

Greater Toronto Area Dec. 5, 2020–Jan. 16, 2021

Greater Toronto’s COMPLETE CONDO GUIDE

The Rose Hill Condos New Capital North Communities condo in Vaughan launching soon nexthome.ca | myhomepage.ca

LEDGEMARK HOMES

WHERE MORTGAGE RATES ARE HEADED IN 2021

DEC. 5, 2020–JAN. 16, 2021

developer: style: size: prices from: features:

120520_CondoLife_GTACentral_Edit_49.indd 681 120520_CondoLife_GTACentral_Cover_49.indd

HOMEBUYER INTENTIONS STILL STRONG: SURVEY

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2020-11-27 2:30 PM

INSIDE:

HOMEBUYER INTENTIONS STILL STRONG: SURVEY

WHERE MORTGAGE RATES ARE HEADED IN 2021

120520_CondoLife_GTACentral_Edit_49.indd 1

2020-11-27 3:06 2:30 PM

Ontario Edition Nov. 7, 2020–Feb. 27, 2021

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travel & leisure | home & garden | technology & finance | beauty & wellness

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THE BEST COLLECTION OF NEW 4 SEASON HOMES

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THE RIGHT MORTGAGE AND A LOW RATE

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HOT PROPERTIES | GREATER TORONTO AREA

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MAPS

CARTOGRAPHY: MARKETMAPS.COM

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

nexthome.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.

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TYPE ADDRESS

CONTACT

Etobicoke..............................Mirabella ........................................................... HR ......................... 1926 Lake Shore Blvd. W. ..............................................mirabellacondos.ca Etobicoke..............................Westerly ............................................................ HR ......................... Islington & Dundas............................................................................tridel.com Etobicoke..............................Reina .................................................................. HR ......................... Royal York & The Queensway ..........................................reinacondos.com Etobicoke..............................Humberwood Heights ........................... CTH/FTH ................... 50 Humberwood Blvd. .......................................tributecommunities.com Etobicoke..............................Cypress at Pinnacle Etobicoke ................... HR ......................... 5475 Dundas St. W. ................................................pinnacleinternational.ca Etobicoke..............................Verge ................................................................. MR ......................... Islington & The Queensway ........................................... vergecondos.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 Markham...............................Canvas on the Rouge.................................... MR ......................... Donald Cousens Pkwy & Ninth Line ................................. flatogroup.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 ..........................Oro, at Edge Towers ..................................... HR ......................... 24 Elm Dr.W..........................................................................................solmar.ca Mississauga ..........................Brightwater Condos .....................................CTH........................ 70 Mississauga Rd. S. .......................................mybrightwatercondos.com Mississauga ..........................Artform Condos.............................................. MR ......................... 86 Dundas St. E. ............................ artformbyemblemdevelopments.com Mississauga ..........................Gemma at Pinnacle Uptown....................... HR ......................... 5044 Hurontario St. .................................................... pinnacleuptown.com North York ............................M2M ................................................................... MR ......................... Yonge & Finch ..................................................................... m2mcondos.com North York ............................The DIamond .................................................. HR ......................... 5336 Yonge St.................................diamond.diamantedevelopment.com Oshawa .................................U.C. Condos..................................................... HR ......................... Simcoe St. N. & Winchester Rd. W. ....................tributecommunities.com Scarborough ........................Pinnnacle Toronto East ............................... HR ......................... 3260 Sheppard Ave. E. .........................................pinnacleinternational.ca Scarborough ........................FourMe .............................................................. HR ........................ Markham Rd. & Ellesmere ............................................fourmecondos.com Scarborough ........................Highland Commons ...................................... MR ......................... 1625 Military Trail..............................................thehighlandcommons.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 .................................Lawrence Hill Urban Towns .......................CTH........................ Don Mills & Lawrence ................................. lawrencehillurbantowns.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 .................................The PJ Condos ............................................... HR ......................... 283 Adelaide St. W..................................................pinnacleinternational.ca 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 ..................................................... burkebyconcert.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. ...................................................... foresthillresidences.com Toronto .................................Oscar Residences ........................................... MR ......................... 500 Dupont St. W. at Bathurst...................................oscarresidences.com Toronto .................................Whitehaus ........................................................ HR ......................... Yonge & Eglinton ...............................................lifetimedevelopments.com Toronto .................................Liberty Market Tower..................................... HR ......................... 171 East Liberty St. .............................................lifetimedevelopments.com Toronto .................................XO Condos....................................................... MR ......................... King & Dufferin...................................................lifetimedevelopments.com Toronto .................................234 King East ................................................... HR ......................... 234 King St. E. ...............................................................emblemdevcorp.com Toronto .................................The Dupont ..................................................... MR ......................... Dupont & Ossington.........................................................................tridel.com Toronto .................................Bianca Condos................................................ MR ......................... 420 Dupont St ....................................................................................tridel.com Thornhill ...............................Royal Bayview ................................................ MR ......................... Bayview Ave. & Royal Orchard Blvd. ............................................tridel.com Toronto .................................LeftBank ............................................................ HR ......................... River St. & Dundas St. East..................................................... broccolini.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 Vaughan ................................SXSW Condos .................................................. HR ......................... Islington & Steeles..........................................................primonthomes.com Whitby ...................................The Landing Whitby Harbour ................. HR/MR ..................... 1604-1616 Charles St. .................................................................carttera.com

MAPS

Locate properties using the map on the previous page

60 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

+

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 61

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

KITCHENER–WATERLOO

Guelph

Waterloo

Milton

Kitchener

Cambridge

5

Brantford

Hamilto n 11

4

13

14 1 12

LONDON

15

London

62 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

2 3

Mississauga

20

17 18

Oakville 19

6

MAPS Match the map numbers with property listings on the following Hot Properties page

7

Burlington

23 10

16

21

St Catharines22

Niagara Falls

8

24

Welland

CARTOGRAPHY: MARKETMAPS.COM

9

nexthome.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

SITE

TYPE ADDRESS

CONTACT

1.

Ancaster ................................Meadowlands ............................................MR/CTH .................... 559 Garner Rd E ................................................................ elitemdgroup.com

2.

Brampton..............................DUO Condos ................................................... HR ......................... Malta Ave. & Steeles Ave. .........................................................duocondos.ca

3.

Brampton..............................Duo Condos at the Gateway....................... HR ......................... Steeles Ave. West & McMurchy Ave. South ..........duocondominiums.ca

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.

Burlington ............................Gallery Condos & Lofts ................................ HR ......................... Brant St. & James St. .............................................gallerycondominiums.ca

8.

Fonthill ..................................One Twenty Condos .....................................LR.......................... Rice Rd. & Highway 20 ................................................... mountainview.com

9.

Fonthill ..................................One Fonthill Condominium Collection .. MR ......................... Rice Rd .......................................................................onefonthillcondos.com

10.

Grimsby.................................Odyssey Condos & Towns ..................... HR/CTH .................... Windward Dr. & N Service Rd. ................................ rosehvaenhomes.com

11.

Hamilton ...............................1 Jarvis .............................................................. HR ......................... 1 Jarvis................................................................................................1jarvis.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.

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

17.

Oakville .................................5 North .............................................................. MR ......................... 1388 Dundas St. W. ...................................................... mattamyhomes.com

18.

Oakville .................................Synergy ............................................................ MR ......................... McCraney St. E. & Sixth Line ..............................................branthaven.com

19.

Oakville .................................The Randall Residences ............................... MR ......................... Randall St. & Lakeshore Rd. E. .............................. randallresidences.com

20.

Oakville .................................Upper West Side at Oakvillage .................. MR ......................... 351 Dundas St. E. ................................................. upperwestsidecondos.ca

21.

St. Catharines.......................88 James .......................................................... HR ......................... 88 James ............................................................................ elitemdgroup.com

22.

St. Catharines.......................St. Kitt Urban Towns .....................................CTH........................ Oakdale Avenue & Merritt Street ...............................stkittsurbantowns.ca

23.

Stoney Creek ......................Casa Di Torre .................................................. MR ......................... 980 Queenston Rd................................................................branthaven.com

24.

Welland .................................L’eau ...................................................................LR.......................... 1 Albert St................................................................. info@elitemdgroup.com

MAPS

Locate properties using the map on the previous page

64 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

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@blackanddeckerca nexthome.ca 65

ADVICE | INDUSTRY REPORT

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

DAVE WILKES

I recently wrote about the impact of the substantial reserves numerous GTA municipalities are accumulating from the revenues they collect on new housing. These funds are meant to pay for infrastructure and services to support growth. When they are not spent in a timely manner, their effectiveness is diminished by inflation, while residents are deprived of the infrastructure and services that have been paid for by new development. Not spending these funds can also hinder the building of new housing as communities must wait for much-needed infrastructure.

Thanks to a new study conducted

by Altus Group for the Building Industry and Land Development Association (BILD), New Homeowner Money in the Governments Bank: How Unspent Municipal Reserves Are Impacting Building Livable, Affordable Communities in the GTA, we can now quantify the size of municipal reserves for development charges, parkland charges and section 37 charges in the GTA. Altus Group examined 16 GTA municipalities and found they have accumulated more than $5 billion in reserves over the last decade.

The funds collected through development charges levied on new homes and commercial spaces help municipalities pay for growthrelated infrastructure and services.

Between 2013 and 2019, the studied 66 condolife magazine | Dec. 18, 2021–Jan. 29, 2022

municipalities saw their combined development charge (DC) reserve fund balances increase by $1.35 billion, to $3.25 billion. The City of Toronto was responsible for the majority of the increase in DC reserves, as the City’s DC reserve fund balance rose by $839 million over that time period. Durham Region amassed $695 million and the City of Vaughan $482 million over the same period.

Municipalities impose parkland cash-in-lieu (CIL) payments on new developments so they can acquire parkland and other forms of open space. CIL revenues and expenditures have caused parkland CIL reserve fund balances to increase by nearly 300 per cent over the 2009 to 2019 period, from $375 million in 2009 to $1.48 billion in 2019. The City of Toronto saw the largest increase at $1.03 billion as of 2019, up 372 per cent or $815 million from 2009. The other major high-density-oriented municipalities have also amassed significant parkland CIL reserves – Mississauga $133 million, Brampton $98 million, Vaughan $72 million and Markham $59 million.

The purpose of section 37 contributions is to help municipalities provide community infrastructure in areas that are denser than normally allowed. At the end of 2019, the City of Toronto had a surplus of approximately $303 million in its Section 37 reserve fund, with more than 70 per cent of this balance attributed to four wards within downtown Toronto.

As many GTA municipalities update their development charge bylaws and parks policies, and

create a community benefits charge, the costs added on new development are expected to rise next year. These increases will not only affect the prices of new homes, but will also contribute to the already large reserves that municipalities have amassed.

While there is much to be said for prudent financial management, development charges, parkland charges and section 37 charges are calculated and collected to meet anticipated need. Not investing these funds in a timely manner in growthrelated infrastructure and services hinders new housing and undermines residents’ quality of life.

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

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