GTA New Home Guide - Aug 5, 2017

AUG 5 – SEPT 2, 2017 | nexthome.ca

GREATER GOLDEN HORSESHOE EDITION

Connecting Canadians to new HOMES & CONDOS for more than 25 years NOWING: ER COV ENTIRE H T E GOLDEN ER R G EAT SESHOE O HR

Everything a home should be.

READ THE COVER STORY ON PAGE 22

INSIDE:

INSPIRATION, DECOR & MORE! FLIP TO PAGE 51

LANEWAY HOMES: COMING TO A NEIGHBOURHOOD NEAR YOU?

Take in the dramatic downtown skyline from your private terrace overlooking the Annex. Bianca delivers dynamic architecture and spacious, thoughtfully conceived suites that define the very best of modern urban living.

Contemporary. Sophisticated. Brilliant.

Starting from $1.2 million.

HOME BUILDER OF THE YEAR | GREEN BUILDER OF THE YEAR PRO J EC T O F T H E Y E A R | PEO PL E’ S CH O I CE AWA R D | B E S T CUS TO M ER C A R E Awarded by the Building Industry and Land Development Association. ©Tridel 2017. ®Tridel, “D” design, Tridel Built for Life, Tridel Built for Life Design, and Built Green. Built for Life are registered Trademarks of Tridel Corporation. Project names and logos are Trademarks of their respective owners. All rights reserved. Building and view not to scale. Illustrations are artist’s concept only. Prices and specifications subject to change without notice. E. &O.E. August 2017.

VISIT THE PRESENTATION CENTRE | 416.649.2328

tridel.com

COMING SEPTEMBER 2017

This master-planned community is located on the beautiful Beamsville Bench.

The community will consist of four distinct neighbourhoods with a community park.

TOWNS & SINGLES from the $400’s

MyVistaRidge.ca ONTARIO

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4008 Mountain Street, Beamsville

Make the most of every minute.

PINNACLE ETOBICOKE is located close to the Kipling Hub, GO station and major highways, this magnificent master-planned community offers an exciting collection of condominium homes designed just for you. With easy access to everything you love about the city – living, working and playing are possible in a location that has it all. Make the most of every minute at Pinnacle Etobicoke.

NOW OPEN! Condominiums from the $400s SALES CENTRE 5475 Dundas Street West

(Between Hwy 427 and Kipling)

PinnacleEtobicoke.ca 416.596.1600

PinnacleInternational.ca TORONTO . SAN DIEGO . VANCOUVER .

Brokers Protected. Rendering is artist's impression. Prices and specifications are subject to change without notice. E.&O.E.

THeory CONDOMINIUMS

Smart Investing.

Put Theory Into Practice.

U r b a n L i v i n g at t h e H e a r t o f U o f T COMING SOON Condominium Suites at College and St. George From the Low $500s

A smart investment comes to College Street and St. George beside the bustling University of Toronto Downtown Campus. Surrounded by Toronto’s dazzling amenities, with transportation, shopping, dining and entertainment just steps away, this trend-setting building has views that go on forever! Theory Condominiums.

A smarter investment.

Register Now. TheoryCondos.com All prices, are subject to change without notice. E.&O.E. All illustrations are artist’s concept only.

Final Release of Suites at Musée Move In Now – Your Final Opportunity At Our Cosmopolitan New Condominium.

Don’t miss your final opportunity to become a part of the vital new force in urban living at Bathurst & Adelaide. We’ve just released the final suites at Musée. Construction is complete, the building is registered, and all closing costs are included in the purchase price.

Find your place between the energy of King Street West and the vibrant Queen West street scene, also near the attractions of Kensington Market and Chinatown.

VISIT THE PRESENSATION CENTRE NOW 525 Adelaide Street West, Ground Floor • 416.551.9449

a vibrant address meets an extraordinary opportunity

new release of suites Urban condominiums in the heart of Richmond Hill. Steps to GO Transit, VIVA, YRT, parks, schools, theatres and shopping. Great location, designer suites and outstanding amenities. Condos at Yonge & Highway 7.

Sales Centre: Red Maple at Hwy 7 905. 709. 5700

pembertongroup.com Exclusive Listing Brokerage, Milborne Real Estate Inc. Brokers Protected.

Prices and specifi cations are subject to change without notice. Illustration is artist’s concept. E.&O.E.

it’s time.

Condominiums at Front and Sherbourne.

Sales Centre Now Open 183 Front St E, Toronto Sales Centre Hours: Monday – Thursday: 12pm – 6pm Friday: Closed Saturday & Sunday: 12pm – 5pm

P E M B E R TO N G R O U P.C O M

AUG 5 – SEPT 2, 2017 | VOLUME 25 ISSUE 15

CONTENTS

22

ON THE COVER:

PembertonGroup EXCITING COMMUNITIES ACROSS THE GTA AND NEW DEVELOPMENTS COMING SOON 10 NextHome.ca

NEXTHOME

exclusive: 92 IN CONVERSATION WITH CONDO KING BRAD LAMB

PROPERTY PROFILES

26 Mattamy Homes

Bringing more upscale living to Caledon and Brampton

42 ELAD Canada

The Point coming soon

46 Madison Group

Stay well-connected at Frenchman’s Bay in Pickering

62 Parallax Development Launching Royal Q Towns

82 Losani Homes

Modern Homes with a wine country address

TRENDING

16 National News

Home prices; Bank of Canada

18 GTA News

Home prices; BILD charity barbecue; Richlands sales; Southside groundbreaking

28 GTA News

Condo Act; Daniels Corp. and Habitat GTA

80 SWO News

Home prices; CMHC on household debt

ADVICE

32 Tarion Report

Warranty coverage extending to condo conversions in early 2018

BY HOWARD BOGACH

34 News & Views

Micro condos still trending

BY LYDIA MCNUTT

36 Stat Chat

Where should I go if I want a “family-sized” new home?

QUEEN WEST

BY BEN MYERS

38 Condo Pro

Buy early, it’s worth the wait

BY BARBARA LAWLOR

40 Industry Insider

Time to address supply and demand, not interest rate hikes

BY DEBBIE COSIC

48 Fundamentally Speaking

How heavy is your debt load?

BY WAYNE KARL

70 Legally Speaking Not every lawyer is a real estate lawyer

BY JAYSON SCHWARZ

76 HHHBA Report

Laneway homes: Innovation to increase housing supply

NIMBYs and YIMBYs: What can I do about this development in my neighbourhood?

BY BRYAN TUCKEY

BY SUZANNE MAMMEL

24 BILD Report

56:

MUST-HAVES FROM THE HOME OF THE HIP

INSPIRATION

52 Designer Advice

Cottage style in the city

BY YANIC SIMARD

54 Round Up

Small space survival tips

BY LYDIA MCNUTT

56 Shopping Guide

Queen West: A shopper’s haven

BY SONIA BELL

IN EVERY ISSUE

12 Editor’s Note 14 Contributors 72 Hot Properties GTA 88 Hot Properties SWO 94 Advertiser Index 95 What’s Online

NEIGHBOURHOOD PROFILES:

33 Maple

86 Niagara-on-the-Lake AUG 5 - SEPT 2, 2017 11

NEXTHOME

EDITOR’S NOTE WELL, IT’S FINALLY HAPPENED AS EXPECTED, THE BANK OF CANADA has raised its benchmark

LYDIA McNUTT SENIOR EDITOR NextHome EMAIL: Lydia.McNutt@ypnexthome.ca TWITTER: @LydiasTweets

interest rate for the first time in seven years, in anticipation of stronger economic growth this year.

Just hours after the central bank broke its news, Canada’s five big banks followed suit and in a mirror move, increased their prime lending rates by 25 basis points.

While not a huge hike, this increase could prove too much to handle for some. The prolonged, record-low interest rate environment prompted many Canadians to pile on record levels of debt, leaving little wiggle room when rates finally did rise. And here we are.

So, what does this mean? Homeowners with a variable-rate mortgage or a home equity line of credit can expect to pay more toward interest and less toward principal. Those with a fixed-rate mortgage don’t have to worry until it’s time to renew.

What should you do in the meantime? If you have a variablerate mortgage, consider switching to a fixed rate. There have been rumblings of another rate increase coming in October.

Pay down debts. These higher interest rates are still low, in the grand scheme of things. According to mortgage rate comparison site RateHub.ca, 30 years ago on Aug. 1, 1987, the prime rate was 10 per cent – a far cry from today’s 2.95.

Have an emergency fund. With some money stashed away in the bank, you won’t have to borrow with interest, should the need arise.

Last but not least, know where your money’s going.

ON TORONTO BIKE LANES

S ADER R RE ING...

U O E SAY AR THE LAST

WORD

T ESMAA

Q&A WITH

ER KE JENNIF NER, CITY

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L BIKE ADDITIONA S OR TRANSIT, JUST HOPE LIST. BETTER AREN’T O CONDOS, ABILITY HER TO-D MAAT, MORE VED WALK CROSSING OFF IFER KEES AND IMPRO FOR JENN LIVING ITEMS SHE’S AGENDA GREENER LANES, ACTUAL THEY’RE DREAMS. OME: years as ching five You’re approa How would you r. in the chief planne your time characterize chair?

NEXTH

KEESMAAT:

We’ve made furious!

Fast and previously in so many that it inroads planning areas in neglected t place. a differen feels like OME: something pment is How Midrise develo more about. in we’re hearing are you making ss much progre this area?

NEXTH

the of life with le quality . We a desirab ies for families future right amenit of our a key part for drivers?

KEESMAAT: know that to be vertical travel times was is going Significant or number as a city in towers sure the in our city whether I’m pretty design living – s. The goal unity gs. If we is three minute Greener they offer a ripe opport midrise buildin denser and nities right, largest This is such right of as we get one of the the road these commu of life where on using that in June indicated nt quality to focus move more in a long, in the city an excelle have to developers not trapped that we company are way kids new a my . g parents If people We it is creatin commute. midrise. and more – and expensive only on Toronto or to focus to stay in approved choose odds are A projects OME: the city. will – the have 68 NEXTH housing ction in a I hope they their families has a serious under constru team could make will raise a mom: Toronto is in an even staff that they issue. You’re space and dedicated of my goals affordability that your they were , and one in a smaller l are you in this nity than real impact forward How hopefu be able to denser commu is to ensure that a big leap tion will ? to make My goal in Toronto kids’ genera ! wners raised. typology. g homeo buildin first choice become this is their

KEESMAAT:

OME: mom lanes have KEESMAAT: e I am a Street bike ly becaus t from The Bloor It is precise ately about strong suppor so passion project was received g Up that I feel es, Growin but the pilot ant guidelin residents, to signific our new ve is to ensure to also lead drivers.

The objecti reported times for Vertical. nities offer in travel l” commu gs? increases that “vertica the key learnin What are

NEXTH

ONLINE +FULL Q&A keesmaat me.ca/ nextho

6/29/17

100 The

Q&A Jennifer

Keesmaat

indd 1

July 8_TL-WK.

2:49 PM

“[City of Toronto’s Chief Planner Jennifer Keesmaat’s] cohort on council, John Filion, is trying to turn Yonge Street into a bike lane haven. He claims a threeminute delay from the 401 to Finch if two [car] lanes are removed. He obviously borrowed that misinformation from Keesmaat.

“Cutting two lanes from Yonge and adding two bike lanes from the 401 to Finch will cost the City $2 million annually in street parking and add a half-hour, at least, for commuters heading back home up to Richmond Hill, Thornhill, Vaughan and Newmarket. Those are the people

+ get social

of the GTA who don’t have the perks of Keesmaat (editor’s note: Keesmaat lives in downtown Toronto) and have to drive to get back and forth to work. And wearing a suit, either man or woman, is not exactly conducive to riding a bike. Most of the people in the GTA and surrounding area are over 20, and don’t ride bikes to work.”

–Patricia Starr, NextHome reader, author, competitive bridge player and grandmother of seven Flip to page 92 to read our exclusive Q&A with developer and “Condo King” Brad Lamb.

Interact with us on social media: nexthome

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MID-RISE PROJECT OF THE YEAR 2017 AQUAZUL HAS PLANS FOR YOU!

Grimsby’s hottest residential development, on the shores of Lake Ontario is offering qualified first time buyers the opportunity to own with just 5% down payment! Enjoy 5-star resort amenities including a 2 storey loggia and lobbies, pool with cabanas and bbq areas, club rooms, fitness centre, billiards and theatre room. All just steps to the lake!

PERFECTLY PROPORTIONED ONE BEDROOM! The Majestic

IDEALLY PRICED TWO BEDROOM! The Mondrian

579 Total sq.ft. • 534 sq.ft. + 45 sq.ft. • Balcony Spacious 1 bedroom • Starting from the high $200s

945 Total sq.ft. • 835 sq.ft. + 110 sq.ft. • Balcony Smart 2 bedroom • Starting from the high $300s

HURRY! AQUAZUL IS 85% SOLD! VISIT THE PRESENTATION CENTER TODAY AquaZulcondo.ca LAKE ONTARIO

NO

10 WINDWARD DR. QUE EN ELIZ ABE SO TH UT WAY H

RT

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SE

D.

CASABLANCA BLVD.

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Prices and specifications subject to change without notice. E.&O.E.

Easy access to the Grimsby Casablanca Station slated for completion 2020.

PRESENTATION CENTRE 10 Windward Drive, Grimsby ON Mon-Thu: 1pm-7pm Fri: By Appointment Only Sat-Sun: 12pm-5pm Phone: (289) 235-8541 Email: aquazul@homesbydesantis.com

Rendering is artist’s concept. Prices and specifications subject to change without notice. Go Transit is a registered trademark of Metrolinx and is not affiliated with Homes by DeSantis or Aquazul. E.&O.E. *Homeowner must prove eligibility under CMHC First Home Program in order to be eligible for 5% deposit.

CONTRIBUTORS

BILD REPORT | BRYAN TUCKEY

Bryan Tuckey is President and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and BILD’s official online blog (bildblogs.ca)

VICE-PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford ASSOCIATE PUBLISHER

Anne-Marie Breen DIRECTOR OF CONTENT & EDITOR-IN-CHIEF

Jennifer Reynolds MANAGING EDITOR

HHHBA REPORT | SUZANNE MAMMEL Suzanne Mammel is Executive Officer of the HamiltonHalton Home Builders’ Association, the voice of the local construction industry for more than 70 years, with more than 230 members in all facets of new home construction.

Wayne Karl SENIOR EDITOR

Lydia McNutt ART DIRECTOR

Daiana Garay CONTRIBUTING EDITORS

Sonia Bell Elisa Krovblit

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

CONTRIBUTING ART DIRECTORS

Megan Pike Tammy Leung SENIOR ACCOUNT EXECUTIVE

Nina Downs nina.downs@ypnexthome.ca SALES & MARKETING CO-ORDINATOR

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.

Terry Basset SENIOR MANAGER, DISTRIBUTION

Dwayne Rutherford NATIONAL CIRCULATION MANAGER

John Jenkins

PRODUCTION MANAGER

Anthony Majetic

STAT CHAT | BEN MYERS

PRODUCTION CO-ORDINATOR

Ben Myers is senior vice-president of market research and analytics at Fortress Real Developments. Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments.com/news or follow him on Twitter at @BenMyers29.

Sandra Hanak-Vujnovic GRAPHIC DESIGNERS

Miguel Cea Sandra Hanak-Vujnovic Published by

A brand of Yellow Pages Homes Ltd.

DESIGNER SECRETS | JANE LOCKHART Jane lockhart is Founder and Principal Designer of Jane Lockhart Interior Design in Toronto. She can be reached at 416.762.2493 or visit janelockhart.com.

TARION REPORT | HOWARD BOGACH Howard Bogach is president and CEO of Tarion Warranty Corp. For more information about how Tarion helps new-home buyers, visit tarion.com.

MORTGAGE INTEL | ALYSSA FURTADO Alyssa Furtado is the Founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

14 NextHome.ca

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 nexthome.ca

Advertising Call 416.626.4200 for advertising rates and information.

Circulation Highly targeted, free distribution system aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments.

Call 1-855-826-4200 to discuss distribution opportunities.

Copyright 2017 All rights reserved by Yellow Pages Homes Ltd., Toronto, Ont. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.

Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice.

E. & O. E. Editorial Submissions from interested parties will be considered. Please submit to the editor at lydia.mcnutt@ypnexthome.ca

nership w o e m o H f o m a e r D Discover the Coming this August to Mississauga, Daniels will introduce the newest addition to their iconic master-planned community – Wesley Tower at Daniels City Centre. Not only will Wesley Tower offer an amazing location, innovative suite layouts and well-thought-out functional amenities, but Daniels is going one step further by introducing the most powerful FIRST-TIME BUYER homeownership program in Mississauga today!

it's as easy as 1...2...3:COMING 1. $5,000 upon signing your Agreement of Purchase and Sale 2. 30 days after signing your Agreement of Purchase and Sale, top up your deposit to 5% of the purchase price

3. 120 days after signing your Agreement of

Purchase and Sale, start payingEnjoy down the exclusi remaining 5% of your total deposit with Wesley Towe Daniels Gradual Deposit Payment Plan IT’S THAT EASY!

Learn more about our FirstHome 10% Deposit Program* – Register today and attend our upcoming Homeownership Seminar taking place August 12th. Call or email to find out more and to RSVP! TM

905.819.8889

To become an Inner membership fee of purchase of your ne refunded at any

DANIELSWESLEYTOWER.ORG

SUITES FROM THE MID $200,000s

**Daniels’ FirstHome™ 10% Deposit Program and Gradual Deposit Payment Plan are subject to availability and are only available for a limited number of suites within Daniels City Centre - Wesley Tower. Daniels’ FirstHome™ 10% Deposit Program and Gradual Deposit Payment Plan may end at any time, and are subject to change without notice. Qualifications and conditions apply. Listing: City Life Realty Ltd. Brokerage. Brokers protected. Illustrations are artist’s concept. Prices, specifications and programs are subject to change without notice. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. E. & O. E.

TRENDING

CANADIAN HOME PRICES BREAK RECORDS IN JUNE COMPILED BY SONIA BELL THE TERANET-NATIONAL BANK HOUSE PRICE INDEX

recently released its June report revealing recordbreaking increases in home prices. The house price index is a tool that measures the rate at which Canadian single-family home prices have changed over time. All indexes have a base value of 100 in June 2005, and thus an index of 130 means home prices have increased 30 per cent since June 2005.

The Teranet-National Bank House Price Index was up 2.6 per cent in June from May, the largest June increase in 19 years. Home prices rose in 10 of the 11 Canadian metropolitan markets surveyed. Hamilton

and Toronto led the pack with 4.1- and 3.7-per-cent increases, respectively – a month-over-month record for both markets.

Other regions also saw an uptick in price, notably Guelph and Oshawa, up 5.3 per cent.

Year-over-year increases were led by Toronto, which recorded a 29.3-per-cent rise, and Hamilton, up 25.6 per cent. In all seven of the Golden Horseshoe markets not included in the composite index, (Barrie, Brantford, Guelph, Kitchener-Waterloo, Oshawa, Peterborough and St. Catharines-Niagara), prices were up more than 20 per cent year-over-year.

Metropolitan Area

Index Level

% change MOM

% change YOY

From Peak

Peak Date

Composite

216.50

2.65

14.22

0.00

June 2017

Hamilton

231.19

4.13

25.56

0.00

June 2017

Toronto

249.66

3.72

29.26

0.00

June 2017

Quebec City

176.01

3.72

-0.64

-2.60

May 2015

Vancouver

258.52

2.47

8.07

0.00

June 2017

Victoria

189.98

2.17

17.42

0.00

June 2017

Edmonton

180.46

1.79

-0.13

-3.96

September 2007

Halifax

143.63

1.67

1.84

-0.19

June 2013

Montreal

156.84

1.59

2.22

0.00

June 2017

Ottawa-Gatineau

147.18

1.15

3.28

0.00

June 2017

Calgary

181.25

0.29

1.36

-3.77

October 2014

Winnipeg

202.23

-0.28

1.05

-0.88

October 2016

WELL, THAT DIDN’T TAKE LONG… THE BANK OF CANADA (BOC) raised the target for

its overnight lending rate for the first time in seven years on July 12. The same day BoC increased its rate 0.25 percentage points, Canada’s five major financial institutions quickly followed suit.

OVERNIGHT LENDING RATE

.50% to .75% 16 NextHome.ca

Bank of Canada

How will this affect Canadians? Consumers with loans based on the prime rate will have to pay more interest on money borrowed for such things as variable-rate mortgages, home equity lines of credit, student loans and lines of credit.

CANADIAN PRIME INTEREST RATE

2.70% to 2.95%

Scotiabank, TD, RBC, CIBC, BMO

Time and Space / Toronto

We call it Pemberton.

Mills Square / Mississauga

Time and Space / Toronto

GO.2 Condominiums / Maple

YongeParc2 / Richmond Hill

The Urban Townhome Collection / Toronto

Illustrations are artist’s concept. E. & O. E.

Everything a home should be.

The Pemberton difference. It begins with building in the GTA’s most coveted locations.

From there, we bring together design creativity, superb craftsmanship, quality features and outstanding amenities. It’s through this process we develop communities that go beyond the standard. Reinventing the way you live, one community at a time.

That’s the Pemberton difference.

Learn more at pembertongroup.com

Union Station

Pearson Airport

You call it serenity in the city.

York University

Vaughan Mills

GO ANYWHERE FROM HERE Choosing GO.2 in the historic Village of Maple means you’re close to premium shopping, dining, entertainment, schools and plenty of lush parkland. Perfect for young professionals, families or those looking to downsize, Pemberton’s master-planned condo community offers spacious designs and top quality features and fi nishes. At GO.2 you’re completely connected, directly adjacent to the Maple GO station - a mere 30 minutes from downtown, plus major highways. This prime location ensures you can get almost anywhere, anytime, in nearly no time.

When you’re here at GO.2, you really have arrived.

Presentation Centre Now Open

MAJOR MACKENZIE DR W

Exclusive Listing Brokerage, Royal LePage - Your Community Realty. Brokers Protected. Illustration is artist’s concept, E.&O.E.

DUFFERIN ST

pembertongroup.com

EAGLE ROCK WAY

MCNAUGHTON RD E

905.553.1430

KEELE ST

1860 Major Mackenzie Dr., Unit 7 & 8

MCNAUGHTON RD

GTA

IN THIS SECTION

SHOWCASING NEW PROJECTS IN THE GTA

GREATER TORONTO AREA

NEIGHBOURHOOD PROFILE: MAPLE

MAPS & LISTINGS OF NEW COMMUNITIES

AUG 5 - SEPT 2, 2017 17

TRENDING COMPILED BY SONIA BELL

GTA HOME PRICE GROWTH COOLS IN Q2 ROYAL LEPAGE’S RECENT HOUSE PRICE SURVEY and Market Survey Forecast revealed that prices in the Greater Toronto Area experienced double-digit growth in the second quarter of 2017, but have temporarily slowed on a month-to-month basis.

Q2 2017 Aggregate home price*: $837,232 Year-over-year increase: 24%

2017 FORECAST Condos Median Price: $450,474 +20.2% YOY

Aggregate home price*: $862,264 Year-over-year increase: 18.5%

Bungalow Median Price: $825,237 +22.7% YOY

Two-storey house Median Price: $987,938 +24.9% YOY

“While we didn’t see a direct impact to annualized home price appreciation in [Q2] as a result of the new policies, they have led to a psychological pause, with prospective homeowners adopting a ‘wait and see’ approach, sitting on the sidelines [hoping] that property values will decrease across the region,” says Dianne Usher, senior vice-president, Johnston and Daniel, a division of Royal LePage. “However, we believe that the hit to consumer confidence will only create a temporary lull in sales activity and anticipate that the region’s seller’s market will continue over the coming months.” * Aggregate prices are calculated via a weighted average of the median values of homes for reported property types in the regions surveyed

BILD CELEBRATES 25TH ANNUAL CHARITY BBQ

MORE THAN 300 BILD MEMBERS gathered on July 12 to celebrate

the Building Industry and Land Development Association (BILD) 25th annual Charity BBQ in support of Habitat for Humanity 18 NextHome.ca | GTA 18 NextHome.ca

GTA. This year’s theme – Super Heroes celebrating 25 years of good deeds – was fun and fitting.

Before the barbecue, the eighth annual Race for Humanity saw 19 teams gather at Woodbine Beach for an Amazing Racestyle scavenger hunt, which raised $8,000 for Habitat for Humanity GTA. Since 2003, BILD members have built 14 homes through various fundraising events such as Race for Humanity. To date, more than $1.1 million has been raise for Habitat for Humanity GTA.

MORE THAN 200 HOMES SOLD AT RICHLANDS IN JUST FIVE HOURS! FIELDGATE HOMES, ARISTA HOMES, OPUS HOMES AND DECO HOMES

BUILDERS: FIELDGATE HOMES, ARISTA HOMES, OPUS HOMES AND DECO HOMES LOCATION: ELGIN MILLS AND LESLIE AVENUE, RICHMOND HILL HOME TYPE: SINGLE-DETACHED, SEMI-DETACHED AND TOWNHOMES

$

PRICE RANGE: $1 MILLION TO $2.4 MILLION

recently celebrated the launch of the highly anticipated Richmond Hill development, Richlands. The 800-home development was met with overwhelming consumer support.

The line-up of prospective purchasers resulted in more than 200 homes being sold in just five hours of the launch event.

For more information, visit richlands.ca

A GROUND-BREAKING DAY AT SOUTHSIDE MALIBU INVESTMENTS recently celebrated the start

of construction at Southside Residences at Gramercy Park with a ground-breaking ceremony. Purchasers, special guests, company executives and dignitaries gathered to mark this significant milestone in the development process, and with it, move one step closer to welcoming residents to their new homes.

Celebrating the ground breaking, from left to right, are Terry Lustig, development manager at Malibu Investments; Shab Rajabzadeh, partner at Cornerstone Marketing Realty; James Pasternak, Ward 10 Toronto city councillor; Rony Hirsch, president of Malibu Investments; Ashok Kumar, purchaser at Southside Residences at Gramercy Park; and Brenda Hamilton, marketing manager at Malibu.

“

Southside offers so many wonderful options for entertainment, relaxation and social enjoyment. Residents will live in a great central location, close to Yorkdale Mall, the big box stores and just steps to the subway, Hwy. 401 and Allen Road.

”

–Rony Hirsch, president, Malibu Investments

BUILDER: MALIBU HOMES LOCATION: ALLEN ROAD AND WILSON AVENUE HOME TYPE: CONDOS TRANSIT SCORE: 95

For more information, visit southsidecondos.ca AUG 5 - SEPT 2, 2017 19

COVER STORY

PEMBERTON GROUP EXCITING COMMUNITIES ACROSS THE GTA AND NEW DEVELOPMENTS COMING SOON

Kick back with friends and family at YongeParc2 in the stylish party room

PEMBERTON GROUP has a long history of providing unique residential

priced from mid-$300’s. The two-

offerings people love to call “home.” Situated across the Greater Toronto

and three-bedroom two-storey

Area is a diverse collection in various stages from fully complete to under

townhomes are priced from the

construction, and coming soon.

low $600’s. Ask about the limited-

Residents enjoy an enviable lifestyle with on-site health and wellness facilities, recreational and entertainment amenities, and modern open-

time-only extended deposit program. 905.553.1430

concept designs. Pemberton’s renowned high-quality features and finishes, and impeccable craftsmanship are second to none. Owning a

YONGEPARC2 is in the vibrant

Pemberton-built suite or townhome also offers the added peace-of-

Yonge Street and Hwy. 7 area,

mind that comes with buying from a builder with a proven track record of

steps from GO Transit, VIVA, YRT,

delivering everything a home should be.

and a short drive to Hwys. 407

Choose your new home in any of these desirable neighbourhoods:

and the 404. Richmond Hill City Centre boasts existing schools,

GO.2 CONDOMINIUMS is situated in the historic Village of Maple and

parks, recreation centres, plus

provides unparalleled connectivity to anywhere you want to go! Offering

entertainment and shopping

midrise living with a distinctive flair and spacious townhomes in the

venues. All suites come with

growing Major Mackenzie Drive and Dufferin Street area, residents have

Pemberton’s renowned features

easy access to schools, parks and the many shops, dining and services

and finishes. Highlights include, all

nearby. From the Maple GO Station to Union Station it’s just a half-hour

as per plan, nine-ft. ceiling heights

ride. GO.2 will also be well served by the GO Transit Barrie rail line, GO

in principal areas, seven-and-half-

Transit buses, York Region Transit and the Toronto Transit Commission.

inch wide laminate flooring, and

Hwys. 400 and 407 are only minutes away. Available suites range from

smooth-finished ceilings. Kitchens

one-bedroom, to two-bedroom and two-bedroom-plus-den layouts

have contemporary cabinetry and

22 NextHome.ca | GTA 22 NextHome.ca

+

LOCATION Across the GTA DEVELOPER Pemberton Group

Host a private movie screening at Time and Space in the on-site theatre

DEVELOPMENT • GO.2 • YongeParc2 • Time and Space South Towers • The Urban Townhome Collection HOME TYPE Highrise condominiums, midrise suites and townhomes SALES CENTRE + CONTACT pembertongroup.com

two-bedroom layouts, plus threebedroom and three-bedroom plus dens with spacious terraces.

Available suites begin from the mid-$400’s. 416.419.9553 GO.2 offers spacious familyfriendly living adjacent to the Maple GO Station

THE URBAN TOWNHOME COLLECTION at U Condominiums

is an exclusive enclave of executive homes along Bay Street, steps from under upper-cabinet lighting, optional kitchen island – where applicable,

Bloor-Yorkville. The final few luxury

a selection of quartz countertops, and choice of glass tile or porcelain tile

townhomes are priced from $2.5

backsplash. The stainless steel finish appliance package includes a 17-cu.-

million, and offer 15-day closings.

ft. counter-depth refrigerator with bottom-mount freezer; 30-inch self-

By appointment only. 416.419.9553

cleaning range with glass top; 24-inch dishwasher; plus a combination microwave range hood. Choose from one-bedroom to three-bedroom

NEW COMMUNITIES TO

condos priced from the mid-$300’s. Prices include a parking space and

WATCH FOR

locker. Ask about the new release of two-bedroom-plus-den designs.

Plans for new Pemberton

905.709.5700

communities are in development.

Be sure to subscribe online in order

TIME AND SPACE SOUTH TOWERS now offers a new release of

to receive up-to-date information,

townhomes. This hugely successful community will transform an entire

as soon as it becomes available.

city block at Front and Sherbourne and boasts a Walk Score of 99/100,

Prices and specifications are

Transit Score of 100/100 and Bike Score of 95/100! Residents can stroll to

correct at press time. See a sales

an eclectic array of eateries, entertainment and cultural venues. It’s a short

representative for full details.

walk to the St. Lawrence Market (where the North Building is undergoing a $60 million redevelopment), The Distillery District, Sony Centre, Hockey

To register and subscribe

Hall of Fame, Sugar Beach and the Waterfront trail, and King Subway and

to learn more about all of

Union Station. The Don Valley Parkway and Gardiner Expressway are

Pemberton’s many fine

minutes away. Exterior design is by Wallman Architects, with the interiors

condominium communities,

and striking amenities by U31. Time and Space will eventually encompass

visit pembertongroup.com. You

four towers adjacent to the 1.6-hectare David Crombie Park. The new

can also follow the company on

release of two-storey townhomes with two or three bedrooms is priced

Facebook, Twitter, Instagram and

from $899,990. South Towers’ suite choices range from one-bedroom to

YouTube.

AUG 5 - SEPT 2, 2017 23

ADVICE | BILD REPORT

LANEWAY HOMES

INNOVATION TO INCREASE HOUSING SUPPLY

BRYAN TUCKEY

LANEWAY SUITES have the potential to help boost muchneeded housing supply in Toronto, including increasing the number of rental units.

City Councillors Ana Bailao and Mary-Margaret McMahon have taken the lead on bringing laneway housing to the city, and Toronto and East York Community Council recently gave staff the green light to proceed with the next steps for laneway homes.

A laneway home is just that – a house built in an existing laneway. It’s a small structure that is detached from the main house and is typically at the back of a residential lot that is along a laneway or alley. All of the suite’s services such as water, sewer, electricity and gas come from the main house, and its door faces the laneway or alley.

Laneway housing offers several benefits. Besides providing people with another home-ownership option and more affordable quality rental housing, it can be a great alternative for adult children, empty nesters and aging parents who want to be near their family and still maintain their privacy.

Laneway housing has been adopted by municipalities across Canada such as Vancouver, Ottawa and Regina.

With more than 2,400 publicly owned laneways covering more 24 NextHome.ca | GTA 24 NextHome.ca

than 250 kilometres of public space, Toronto has a lot of potential for developing laneway housing. This idle space within existing neighbourhoods could provide small dwellings that are also close to essential things like transit, parks and shops.

“

With more than 2,400 publicly owned laneways covering more than 250 kilometres of public space, Toronto has a lot of potential for developing laneway housing.

”

Adding more small-scale housing to these established neighbourhoods could also prevent communities from deteriorating. A study from 2015, Make Way for Laneway, shows that the population of some older GTA neighbourhoods is decreasing as residents age and their children move out. Introducing laneway suites could help older neighbourhoods thrive. by enabling more people to move in.

Residents are often worried about how development will affect their neighbourhoods and don’t want things to change. With

laneway housing, density increases slowly and the look and feel of lowrise residential neighbourhoods is maintained. Cities that allow laneway housing have found that adding this type of gentle density within established neighbourhoods can happen without changing the community’s original appeal and balance.

Under the current zoning bylaw, laneway suites are not allowed in Toronto, although some have been considered on a case-bycase basis. Such requests involve an arduous process plus excessive costs. As part of the plan to move forward with laneway homes, the report proposes that the City do away with these obstacles, and make changes to the by-law that will permit and help such suites to be built.

Allowing laneway homes would be a significant step in creating more innovative housing options and offering people housing choices that are more affordable.

Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and is a land-use planner who has worked for municipal, regional and provincial governments. He can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta) and BILD’s official online blog (bildblogs.ca).

+MORE ADVICE ONLINE nexthome.ca/news/advice

PROPERTY PROFILE

MATTAMY HOMES BRINGS MORE UPSCALE LIVING TO CALEDON AND BRAMPTON WHEN IT COMES TO UPSCALE LIVING AND STYLISH HOME DESIGNS,

Mattamy Homes is one of Canada’s premier builders. This is clearly demonstrated in the soon-to-be-available new collection of exquisite homes in two thriving communities: SouthFields in Caledon, and Mattamy’s newest neighbourhood of Brampton West. These new, grand detached homes will continue Mattamy’s tradition of quality and luxury, while preserving the natural calm of the surrounding landscapes.

SouthFields will see a new release of 38-, 40- and 50-ft. grand detached homes, bringing even more luxury and well-appointed designs to this established community. These will be the final homes available in this exclusive Caledon community, further increasing the exclusivity of this area. Here, residents will get to experience all the charm of Caledon, surrounded by luscious greenspace, while enjoying the bright, open layout of a Mattamy home.

Brampton West is an exclusive enclave surrounded by lush greenspace

26 NextHome.ca | GTA 26 NextHome.ca

within an already established and highly popular Mattamy community. With only 11 lots available, these extremely desirable, 45-ft. detached homes are your last chance to experience a bustling master-planned community with a prestigious Brampton address.

Mattamy has built more than 90,000 homes in hundreds of communities throughout Canada and the United States, earning the company the honour of being North America’s largest privately

owned home builder. Mattamy was recently named GTA Builder of the Year for an unprecedented seventh time at the 2017 BILD Awards. Mattamy has never lost sight of how it has achieved success. It is based on one objective – to create homes and communities people love to live in.

Mattamy’s extraordinary design studio offers a magnificent array of finishes and features that let homeowners create a home to better reflect their personal tastes.

Known for attention to superior customer service, Mattamy thoughtfully assigns everyone their own design studio consultant to provide expert guidance through the wealth of options in colours, textures and styles.

These new releases will be available this August. To be a part of these established, desirable neighbourhoods, register today at mattamyhomes.com

+

LOCATIONS Caledon, Brampton BUILDER Mattamy Homes DEVELOPMENTS SouthFields, Brampton West HOUSING TYPE Detached homes CONTACT mattamyhomes.com

AUG 5 - SEPT 2, 2017 27

TRENDING

NEW PROTECTIONS FOR CONDO DWELLERS COMING THIS FALL NEW PROTECTIONS FOR CONDO COMMUNITIES will

be taking effect this fall. Minister of Government and Consumer Services Tracy MacCharles recently announced the changes, which will include: • Regular mandatory updates about the condo corporation to help improve communication between boards and owners • Improving condo corporation governance and addressing conflicts of interest by introducing new disclosure requirements for directors, including whether they are owners or occupants of the condo, or have special interests in contracts involving the condo corporation • Mandatory training for condo directors to improve how condos are managed and operated • Clearer rules to facilitate access to condo corporation records • New notices, quorum and voting rules to make it easier for owners to participate in owners’ meetings • Mandatory education requirements for condo managers applying for a general licence.

The government will also designate two new administrative authorities. The Condominium Authority of Ontario (CAO), when designated on Sept. 1, will

provide education and promote awareness of condo owner rights and responsibilities, as well as provide important information for condo corporations. As of Nov. 1, it will also be responsible for managing the Condominium Authority Tribunal which will resolve disputes about access to condo records. Going forward, Ontario will consult with the public to identify other disputes the Tribunal could resolve.

Also as of Nov. 1, the Condominium Management Regulatory Authority of Ontario (CMRAO) will be responsible for regulating and licensing condo managers and providers.

CONDO FACTS:

1.6 MILLION The number of Ontarians living in condos

750,000 The number of condo units in Ontario

200

UP FROM 270,000 IN 2001

The number of recommendations for condo law reforms received by the government through its public consultation process

HABITAT GTA AND DANIELS CORP. CELEBRATE 20 YEARS OF AFFORDABLE OWNERSHIP THE DANIELS CORP. AND HABITAT FOR HUMANITY GTA

recently celebrated a 20-year partnership of providing affordable home ownership to families in the GTA. As part of the celebration, two Habitat GTA partner families were welcomed to the Daniels’ FirstHome Sunny Meadow and Olivia Marie Gardens communities in Brampton.

“Being a homeowner is a great change for my children and I,” says new homeowner Shamis Hassan.

“Due to my income, the dream of owning a home in a safe neighbourhood was very bleak, but Habitat for Humanity GTA made it possible.”

Daniels’ innovative approach to affordable home ownership has helped more than 35 working, lowincome Habitat families in Toronto, Brampton, Mississauga and Aurora realize their dream. “We encourage others in our industry to think outside 28 NextHome.ca | GTA 28 NextHome.ca

The Hassan family with The Daniels Corp.’s vice-president, Don Pugh and executive vice-president, Niall Haggart at a recent Habitat GTA Key Dedication ceremony in Brampton. Photo credit: Bill Hertha

the box to include affordable housing into their communities and help non-profit housing providers like Habitat enhance the quality of life for everyone,” says Don Pugh, vice-president of The Daniels Corp.

MADISON GROUP IN PA R T N E RS HIP W IT H

C OM I N G S O O N T O T O R O N T O ’ S E N T E R TA I N M E N T DIS T R I C T REGISTER NOW NOBURESIDENCES.CA Marketed by International Home Marketing Group. Brokers protected.

Renderings are artist’s concept only. E & O.E.

AWARD-WINNING BUILDER

*Information correct at price time. Illustration is artist’s concept. E. & O. E.

REGISTER AT TREASUREHILL.COM

COMING SOON

TREASURE HILL PRESENTS ANOTHER

urban town community IN AN ESTABLISHED NEIGHBOURHOOD AT 16TH AVENUE & McCOWAN ROAD

FEATURING 2 CAR GARAGE TOWNS

ADVICE | TARION REPORT

CONDO CONVERSIONS WARRANTY COVERAGE EXTENDING TO THESE PROJECTS IN EARLY 2018

HOWARD BOGACH

I RECENTLY DROVE PAST a

beautiful old church in my neighbourhood and noticed construction activity on site. A sign on the fence around the building said the church was being turned into a condominium and units would be for sale in the coming months.

By all appearances, the stone façade of the church was going to remain intact, including its stunning stained-glass windows over the front entrance.

In the home-building industry, this type of construction – turning an existing non-residential building into a residential condominium – is called a condominium conversion project.

Elements of the existing building, such as the façade and windows, are retained and incorporated into the new project.

Converting and using pre-existing elements of a church, office building or decommissioned factory can create unique and beautiful living spaces and provide greater choice for potential buyers in the condominium market.

In the past, condominium conversion projects have not been covered by Ontario’s statutory new-home warranty program, creating a gap in consumer protection.

The Ministry of Government and Consumer Services and Tarion plan to extend warranty protection 32 NextHome.ca | GTA 32 NextHome.ca

coverage to certain condominium conversion projects. We are working toward these changes coming into force in early 2018.

Once in force, our plan is to have these protections apply to projects where the first arm’slength agreement of purchase and

“

The one-year warranties for defects in workmanship or materials will not apply to the preexisting elements of the project.

”

sale is signed after the effective date of the new legislation.

It’s important to know that while some condominium conversion projects will be covered by the warranty, others will not.

Our warranty coverage plan would exclude conversions of buildings that were used primarily for residential purposes, such as rental apartment buildings, unless otherwise specifically permitted in the legislation.

This means that the stock of rental apartments will not be reduced, which is particularly important for urban centres experiencing a shortage in rental units.

There is one other important coverage exclusion to note. All of the warranties in the Ontario New Home Warranties Plan Act will apply to condominium conversion projects with one exception – the one-year warranties for defects in workmanship or materials will not apply to the pre-existing elements of the project.

All other one-year warranties will apply to the pre-existing elements, including compliance with the Ontario Building Code.

Other warranties for condo conversion projects, including the pre-existing elements, will include two-year warranties for water penetration and defects in electrical, plumbing and heating delivery and distribution systems, and the seven-year warranty for major structural defects.

One last note: Because certain condominium conversion projects will be covered under the Ontario New Home Warranties Plan Act, vendors and builders of these projects will now have to register with Tarion Warranty Corp. and enrol the projects in the warranty plan. This change will provide even greater protection for Ontario consumers who buy in a condominium conversion project.

Howard Bogach is president and CEO of Tarion Warranty Corp. For more information, visit tarion.com or find on Facebook at facebook.com/ TarionWarrantyCorp.

+MORE ADVICE ONLINE nexthome.ca/news/advice

NOW PREVIEWING. NOW PREVIEWING.

BE AT THE CENTRE OF IT ALL. Fleur, a Menkes condominium coming to Church X Shuter, is breathtaking by design. Sleek edges and striking angles command attention, as natural materials echo its storied surroundings. With elegant suites and a host of amenities, Fleur is your link to Toronto’s downtown core.

Just steps from TTC, endless retail, lush greenspace, PATH, universities, Eaton Centre and the financial district, Fleur places you at the centre of everything.

NOW PREVIEWING TO LEARN MORE VISIT THE MENKES CONDO CENTRE 770 BAY STREET | 416.591.7700

365 CHURCH

THE EGLINTON

87 PETER

HARBOUR PLAZA

CHURCH & CARLTON

YONGE & EGLINTON

PETER & KING

HARBOUR & YORK

From the mid $500’s 416.591.7700

From the low $300’s 416.591.7700

Penthouses from the low $800’s 416.591.7700

Coming soon Penthouses from $2.1 million 416.591.7700

LEARN MORE AT THE MENKES CONDO CENTRE AT 770 BAY STREET. See sales representative for details. Prices and specifications are subject to change. Illustrations are artist’s concept only. E.&O.E. 2017

@MENKESLIFE

NEIGHBOURHOOD PROFILE

MAPLE HOT SPOTS

CANADA’S WONDERLAND Not just a draw for tourists from across the country and around the world, locals flock daily to Canada’s largest theme park. With Season Passes starting at only $69.95, it’s a no-brainer for Maple residents with kids.

ANNE MARSHALL

IN THE SHADOW of “Wonder Mountain,” this section of Vaughan has become an appealing destination for those seeking the perks of small-town life, within easy driving distance of the big smoke.

THE VIBE

Maple is late 20th-century suburban paradise. The more established area near Rutherford boasts perfect cookie-cutter brick houses and townhomes with peaked dormers. Further north, housing continues to expand into former farmland – it’ll be a while before these trees mature. The houses get bigger, subdivision streets more Byzantine, and new developments are sold out and filled up as fast as they can be built.

MEET THE NEIGHBOURS

It doesn’t get more family-friendly than Maple, and for the most part, that’s who you’ll find living here. Few single professionals are

drawn to Vaughan for reasons other than work. Ethnically speaking, Maple is very diverse, with at least 45 per cent of its population consisting of immigrants to Canada, which is well above the provincial average.

PLANES, TRAINS & AUTOMOBILES

In an in-demand neighbourhood such as this one, nothing comes cheap. While some parts of Maple are more reasonably priced, the presence of so many people and corporate interests means this is the kind of place where it seems to cost $20 just to walk out your front door. Expect to pay above-average prices for just about everything except for fast food.

LEGOLAND DISCOVERY CENTRE With “over 3 million bricks under one roof,” this popular attraction is another reason your children will undoubtedly be dragging you to Vaughan Mills mall at some point in the not-too-distant future.

REAL ESTATE

It’s a hot market, whether you want to move to a new community, invest in a rental property, or rent a property, as commercial and residential developments expand.

Modern midrise rentals along Jane Street, Keele Street and other main thoroughfares are planned surrounding greenspaces. Duplexes, townhouses and detached units tend to rent quickly, particularly to families who are awaiting the completion of their recently purchased new homes and condos.

VAUGHAN MILLS The 15th-largest mall in Canada, this high-end retail Valhalla opened in 2004, anchored by specialty shop giants such as Bass Pro Shops and “the world’s leading fashion and lifestyle brands.”

AUG 5 - SEPT 2, 2017 33

ADVICE | NEWS & VIEWS

MICRO CONDOS STILL

TRENDING LYDIA MCNUTT SENIOR EDITOR

ARE MICRO CONDOS still a thing, or just a thing of the past? Well, if you’ve been keeping up on your real estate reading, then you already know why condos (and their smaller price tags) rule the GTA skyline.

Costs continue to soar in Canada’s hottest housing markets, in spite of government interventions at the provincial and federal levels aimed at slowing price growth.

Time will tell what effect these new policies will have in the longer term, but homebuyers are increasingly looking for ways to take control of affordability now.

For some, this means moving further away. For others, it means reducing their square footage.

This new way of thinking has trickled up, so to speak, to the design and development level.

Toronto developer Urban Capital launched the city’s first micro condo, Smart House, a few years back, with great success.

“It’s basically about redesigning the elements in our condos to make sure they are highly efficiently designed, in order to make small spaces work as best they can; allowing them to feel and function like larger spaces,” says Urban Capital’s co-founder David Wex. “The goal is to deliver super-efficient spaces at an affordable price.”

34 NextHome.ca | GTA 34 NextHome.ca

4 page 5 Flip to ake s to m ip t 7 for your ost of the m ! space small

According to Barbara Lawlor, president and CEO of Baker Real Estate Inc., condos will always be a hot item in housing markets like Toronto and Vancouver – all sizes and configurations, but particularly micro condos, thanks to the affordability they offer.

Lawlor points out that Canada is fairly new to micro condos.

“In places like China, Japan and Europe, developers have been offering micro condos for many years. In addition, some cities in the U.S. including San Francisco, Boston, Washington and Austin are home to numerous micro suites. I saw online that in Seattle, there is a 90-sq.-ft. micro condo, which makes 300 sq. ft. sound pretty spacious.”

Wex adds, “you can see all elements around us changing to suit this new reality.”

Whether it’s by choice or by force, many Millennials have adopted this “less-is-more” lifestyle. “Today’s young people

are used to a more minimal existence than their parents and grandparents,” Lawlor notes. The result is smaller vehicles parked in the smaller parking spaces of smaller homes filled with smaller furnishings.

Jane Lockhart, principal of Jane Lockhart Interior Design, has branched off in this micro direction as well, with her own line of condo-sized furnishings.

Lockhart says it’s all about multifunction. Like the homes themselves, “furniture in small spaces can serve more than one purpose. Benches, ottomans, even chaises can be adapted to hold storage; chairs can become single beds,” she says. “Reconfiguring and readapting to serve more than one function is the way of the future.”

+MORE ADVICE ONLINE nexthome.ca/news/advice

LAUNCHING OCTOBER 2017

MODERN HIGH RISE HOMES COMING SOON TO KING EAST AND SHERBOURNE STARTING FROM THE MID 400’S EXCLUSIVE BROKER

DEVELOPER

Exclusive Listing: Brad J. Lamb Realty Inc., Real Estate Brokerage. Brokers Protected.

Renderings are an artist’s impression. All prices, sizes and specifications are subject to change without notice. E.&O.E.

BAUHAUSTORONTO.COM 416.368.5262

ADVICE | STAT CHAT

WHERE SHOULD I GO IF I WANT A ‘FAMILY-SIZED’ NEW HOME?

BEN MYERS

SO, YOU’RE IN THE MARKET for

a more generously sized new home and are willing to travel to get what you want. Where should you look? If you’re shopping for a single-family home – either a single-detached, semi-detached or townhouse – you could choose from 1,414 unsold units in the Greater Toronto Area (per Altus Group’s May data). By comparison, this figure was over 17,000 a decade ago.

Needless to say, there is not much to choose from. However, the municipality with the highest level of supply is Brampton, with 302 available homes – 100 of which are single-detached units.

In May, Canada Mortgage and Housing Corp. reported that the average single-detached home completed in Brampton sold for approximately $680,000.

Expensive, but not crazy expensive. Looking at data from Altus, the average asking price for unsold new units in Brampton is $1.3 million!

Well, if that’s too rich for your blood, perhaps Oshawa will work for your budget. There are 132 lowrise housing units available from builders and developers, 66 of which are single-detached. In May, the average unit completed went for a mere $480,000.

36 NextHome.ca | GTA 36 NextHome.ca

However, like Brampton, the remaining inventory in builder sales offices in Oshawa is being offered at a significantly higher price: $972,000 as of the end of May. You may have to look outside of the GTA to find something in your price range. How about Waterloo Region? Altus’ data shows 113 new lowrise homes available, including 65 single-detached units. The average price of a completed single in May was $518,000.

However, the available inventory is not as high as it is in Oshawa, but will still cost you about $770,000.

There don’t appear to be any affordable, new, single-detached housing options within a oneto one-and-half-hour drive of Toronto. However, you might want to consider a larger condominium.

In Q1-2017, Urbanation Inc. reported that nine per cent of units in new projects that launched in the GTA earlier this year were three-bedroom units ranging from 785 to 1,532 sq. ft. Prices here range from $523,000 to $1.38 million.

In conclusion, if you’re looking for a “family-sized” new home, you’re going to have to adjust your expectations, either by location or product type. Not in the market for a highrise condominium, but can’t afford the single-detached home you really want? Perhaps a stacked townhouse is a better fit. We’re launching the Vic Towns with our partner Solotex Corp. in North York, and we’ve seen the popularity of two- and threestorey stacked townhouses with rooftop terraces. Who needs a backyard when you have a great view?

Fortress Real Developments partners with builders across Canada, and Ben assists in evaluating the market and projects that Fortress engages in.

Follow his blog posts and commentary on the Canadian Housing Market at fortressrealdevelopments.com or follow him on twitter at @BenMyers29

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COMING TO HAMILTON THIS SEPTEMBER

MODERN HIGH RISE HOMES FROM THE 200’S EXCLUSIVE BROKER

TELEVISIONCITY.CA 416.368.5262 Exclusive Listing: Brad J. Lamb Realty Inc., Real Estate Brokerage. Brokers Protected.

Renderings are an artist’s impression. All prices, sizes and specifications are subject to change without notice. E.&O.E.

DEVELOPER

ADVICE | CONDO PRO

BUY EARLY, IT’S WORTH THE WAIT!

BARBARA LAWLOR

DEPENDING ON WHEN in a new community’s development process you purchase, you will have to wait some period of time for your move-in date. If you purchase early from plans, you benefit from optimum selection and the lowest prices. But the biggest advantage to buying early is the equity you earn over the time span of construction, which can vary if weather does not cooperate, or unexpected labour or materials shortages occur.

Look on the bright side – your equity during this time can average as much as five per cent per year, which is quite attractive.

Another benefit of buying early in the process, especially for first-time buyers, is having time to save additional money toward your down payment. I have known young professionals who have taken the equivalent of their maintenance fee and banked it each month to use toward the deposit. This provides extra funds to boost the down payment, and gets you used to budgeting for your eventual carrying costs.

In addition to saving money during your waiting period, you can put some thought into the design of your home and decor.

You will have received floor plans with room dimensions, so plan accordingly. Then, when you have your colour selection appointment, 38 NextHome.ca | GTA 38 NextHome.ca

you will have a good idea of what will complement your existing furnishings.

Look critically at your furnishings and accessories, and decide what to bring to your new home and what to give away or sell. This is particularly important if you’re downsizing to a smaller space.

“

The biggest advantage to buying early in the process is the equity you earn over the time span of construction

”

I have met several emptynesters who spent years making the decision to sell their longtime single-family home and buy a condo suite. When they were finally sure they wanted to make the move, they were happy to have time to make the transition – psychologically and physically. They also appreciated the opportunity to pare down possessions gradually in preparation for occupancy. This may involve passing along family heirlooms to younger generations and figuring out which items will fit into your new living space.

Remember, too, that if you are among the first to move into your condo building, you may have to wait a while before construction is totally complete. The upper floors

are finished after the lower ones, and some of the amenities may not be ready for use. A highrise condominium is built from the ground up, so keep that in mind if you see tradespeople going up and down on the elevators.

Condo residents do receive things like snow removal, lawn mowing, concierge service and the like right away, which is a big part of what maintenance fees cover.

It’s a similar scenario when moving into a new house in a lowrise community, where homeowners often experience dust and dirt before all the driveways and landscaping are done.

Be realistic with your move, and be patient before and after you move in. As you wait for your new home to be ready, use the time wisely by getting better prepared for a wonderful move-in day.

Enjoy the wait, and remember that your investment will most likely increase in value by the time you move in. Whether you buy from plans when the sales office opens, an inventory suite when the community is complete, or any time in between, the main thing is that the timing is right for you.

Barbara Lawlor is president 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 condominium developments.

+MORE ADVICE ONLINE nexthome.ca/news/advice

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COMMUNITIES COMING 2017 GRIMSBY High-Rise Condominiums NORTH OAKVILLE Singles & Towns BRAMPTON/MT. PLEASANT Mid-Rise Condominiums BRADFORD/DREAMFIELDS Singles & Towns

Twenty five is a great age to be. We’re fresh, we’re innovative and we’re just hitting our stride. Visit our awesome new website and you’ll find strikingly beautiful designs that will be just as desirable to future generations as they are today. Unique homes with innovative features that push the boundaries... it’s just what you’d expect from a 25 year old!

Visit RosehavenHomes.com For directions, maps, hours and community information call our hotline

(1-888/416) 410-0175

Calculations are approximate and may vary slighlty. Prices and specifications correct at press time. Prices quoted are in thousands except for Randall pricing. E. & O.E.

HOLLAND LANDING/ ANCHOR WOODS Singles & Towns

ADVICE | INSIDER INSIGHT

TIME TO ADDRESS THE FUNDAMENTALS OF SUPPLY AND DEMAND

NOT INTEREST RATE HIKES

DEBBIE COSIC

IT’S BEEN SEVEN YEARS since we’ve seen an interest rate increase. Not exactly a lifetime, but enough time to forget that rates do change, and the cost of borrowing can be more than you originally envisioned.

What impact will a rise in rates have on the Canadian housing market? I don’t know for certain, but I have some opinions about this subject.

If you’re a consumer in the housing market, be smart. Don’t buy at the top end of what you’ve been pre-qualified for unless you know you will have the money to cover higher monthly payments.

If you’ve already been prequalified for a mortgage, an increase from 0.5 to 0.75 per cent in your rate should not price you out of the market.

It’s impossible to predict how such a small rate change will impact the market in the short term. Some analysts think housing prices will fall. If they do, I predict it will be temporary and what you’ll end up paying in increased mortgage interest will likely make up for any difference in price.

Don’t delay if you find something you love. Sales may slow slightly for a few months, as we’ve seen in the resale market recently, but I predict there will still be an incredible demand for housing 40 NextHome.ca | GTA 40 NextHome.ca

It’s time to focus on creating smarter housing opportunities, not obstacles.

in Canada this year and beyond.

Interestingly, due to tight market conditions, this slowdown has not affected condo prices. In fact, condo prices in Greater Toronto are still on the rise. According to recent data from the Toronto Real Estate Board, the average cost of a condo has now surpassed $500,000 – up 28 per cent in the second quarter of this year, and a 23-per-cent hike year over year.

I hope that this slight slowdown in the resale market will spur all levels of government to focus on the issue of supply in key markets.

I believe government focus should not be on market-cooling tactics, but instead understanding the need for housing, which is still at record-high levels, particularly in Toronto and Vancouver.

In the new construction market, we still see strong activity in and around these cities, due to pent-up demand for housing in areas within commuting distance of major cities. Supply is still a major problem, and rising interest rates won’t change that. It will simply stall the enviable, meaning you’ll end up paying more for a mortgage and property, thanks to lack of inventory.

It’s time to focus on creating smarter housing opportunities, not obstacles, with strong infrastructure where people can live, work and play, and where education and healthcare is available to them via a decent transit system.

Over the last few years, all levels of government have put forth different strategies to cool the housing market. Bumping up rates is the latest. New taxation rules for foreign investors in Toronto and Vancouver, tougher mortgage regulations federally, and increased development charges and Land Transfer Taxes at the municipal level in some regions have all temporarily put off buyers and created obstacles that drive up home-buying costs. We are not addressing the supply issue.

Demand is still there. No one can afford to wait a lifetime for a home.

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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PROPERTY PROFILE

THE POINT COMING SOON BRAND NEW RESIDENTIAL CONDOMINIUM WILL MAKE A STATEMENT IN EMERALD CITY THE HIGHLY SUCCESSFUL masterplanned Emerald City community at North York’s Don Mills Road and Sheppard Avenue East intersection continues to breathe new life into the area. ELAD Canada has announced that its newest condominium, The Point – the eighth tower in the Emerald City community – will become available for sale this summer.

The Point follows hot on the heels of incredibly successful Blocks A (three completed, occupied residences), B (three towers under construction) and The Peak, the first and tallest condominium in Block C. Like its predecessors, The Point will place residents steps to Emerald City’s completed Parkway Forest Community Centre. Among the Community Centre’s highlights are a green roof, teaching garden, full-sized gymnasium, running track, commercial teaching kitchen, youth lounge, YMCA-run daycare, plus the newly opened, 5,000-sq.-ft. aquatic centre with a pool and incredible change rooms.

In the midst of it all, The Point will add another landmark tower to the mix, with an elegant exterior by WZMH Architects, which has been involved in the community design from the beginning. The Point’s proposed 279 suites will range from onebedroom to three-bedroom layouts – perfect for everyone from single professionals to families with children and emptynesters.

Prices at The Point will start from the $300’s, which is remarkable considering its location in this established community across from popular Fairview Mall, close to the Don Mills subway station, and moments to Hwys. 401 and 404/DVP. Distinguished by its colourful public art cones by Canadian artist Douglas Coupland, Emerald City continues to grow as new home shoppers of all ages discover its numerous lifestyle benefits.

Interior design by Tanner Hill Associates will enhance the residence with beautiful amenities (some to be shared with proposed condominiums on the Block) such as a chic lobby featuring concierge service; a party room; theatre room with seating; guest suite; yoga studio and fitness room; landscaped outdoor barbecue terrace; multipurpose room with lounge and billiard table; private dining room with warming kitchen; and secured onsite bike storage.

Eventually, North York’s much-desired masterplanned community will be home to approximately 3,000 condo suites, townhomes, a purpose-built rental tower and four rental replacement buildings, as well as retail venues.

The value of real estate in the Sheppard-Don Mills area has increased significantly over the past several years, so the opportunity to get into the Emerald City community now, for prices from the $300’s, is phenomenal.

Emerald City is being developed by ELAD Canada, an experienced developer specializing in mid- and highrise condominium development and master-planned communities in Toronto and Montréal.

ELAD Canada is leading the way with innovative new home neighbourhoods.

A great location, superb community and condominium amenities, fabulous features and finishes, all brought to you by a well-respected developer combine to offer a uniquely rewarding lifestyle opportunity – and isn’t that “the point”?

Register for The Point at EmeraldCityLife.ca, or visit the presentation centre on Sheppard Avenue, just east of Don Mills, across from Fairview Mall. Hours are Monday to Thursday 11 a.m. to 6 p.m.; Friday closed; Saturday and Sunday noon to 5 p.m. For more information, call 416.492.0001.

+ LOCATION North York DEVELOPER ELAD Canada DEVELOPMENT The Point HOME TYPE Condominium

SALES CENTRE Located on Sheppard Avenue, just east of Don Mills CONTACT 416.492.0001 emeraldcitylife.ca

PICKERING

TOWNHOMES AND SINGLES Located steps from the shores of Lake Ontario by quaint Frenchman’s Bay. Launch into a new lifestyle in a family-friendly village surrounded by beaches, trails, parklands, marina and boardwalk. With both the GO station and the 401 just minutes away for a quick commute to Toronto.

REGISTER NOW

MadisonGroup.ca Renderings are artist’s concept only.

Marketed By International Home Marketing Group. E & O.E. April 2017.

PROPERTY PROFILE

STAY WELL-CONNECTED AT FRENCHMAN’S BAY IN PICKERING

MADISON GROUP HAS CREATED RESIDENTIAL COMMUNITIES in highly

desirable locations across the GTA, building thousands of quality homes of lasting design and value. Madison Group continues this tradition in its newest community in Pickering, at Frenchman’s Bay. Located on the southern end of Liverpool Road, steps from the waterfront, will be a collection of sophisticated, contemporary townhomes and single-detached homes nestled in a well-established, family friendly neighbourhood.

The architecture will feature contemporary facades of brick, stone and stucco, with details that create a distinctively modern look.

Contemporary doors and large windows will add the finishing touches to the streetscape.

Detached two-storey homes of approximately 2,700 sq. ft. with double-car garages feature four bedrooms, three and a half bathrooms, and ample room for families to cook, live and relax in style. Singledetached prices start from $1.5 million.

The townhomes offer private, single-car garages at grade, generous three- or four-bedroom floor plans on three levels, plus a basement, 46 NextHome.ca | GTA 46 NextHome.ca

ranging from 1,910 to 2,215 sq. ft. Step out your front door to the revitalized public park with a playground, basketball court, seating area and a walking trail.

Townhomes prices start from the low 800’s.

Pickering’s City Hall, Main Central Library and Recreation Complex are just a short drive away, offering amenities and enriching programs for the whole family. Located near Hwy. 401 is Pickering Town Centre, an approximately one-millionsq.-ft. regional shopping centre with more than 200 retailers, restaurants and services. An

The architecture will feature contemporary facades of brick, stone and stucco, with details that create a distinctively modern look.

enclosed, convenient pedestrian bridge connects Pickering Town Centre to the Pickering GO station, a major transit hub with all-day train service on the Lakeshore East line, making commuting a breeze.

Frenchman’s Bay offers a superb range of natural, recreational, heritage, arts and cultural attractions for residents and visitors. It is the spectacular natural landscape and abounding recreational opportunities that make Frenchman’s Bay a coastal haven for outdoor enthusiasts.

At the southern tip of Liverpool Road, past the cafes, speciality shops and fine restaurants of The

Nautical Village is Millennium Square, is a public square where open-air concerts are often staged in the summer. You can’t miss Frenchman’s Bay Marina and the significant presence of boaters and sailing activity in the surrounding waters during the summer months.

To the southeast is Beachfront Park with its elevated boardwalk and beautiful views across Lake Ontario. Here, you can settle in for a picnic on the beach while the children enjoy the splash pad or playground. If you’re in the mood to exercise or explore, head into the Waterfront Trail system that encircles Frenchman’s Bay and runs east and west alongside the Lake’s shoreline. Three major trails – perfect for cycling, running or walking – traverse protected wetlands and woodlots, bluffs, beaches and expansive conservation areas.

Don’t miss the opportunity to own and live in a naturally beautiful, inspired village by the Bay, in a well-constructed and attractive home with nearby conveniences to meet the lifestyle demands of modern families. Please visit the presentation centre at 1635 Bayly St. in Pickering or call 905.839.0038. Visit MadisonGroup.ca.

AUG 5 - SEPT 2, 2017 47

ADVICE | FUNDAMENTALLY SPEAKING

HOW HEAVY IS YOUR DEBT LOAD? RISING INTEREST RATES A CAUSE FOR BELT TIGHTENING – AND NOT JUST FOR CANADIANS

WAYNE KARL

WAY TO GO, Bank of Canada, you’ve freaked people out. Your first rate hike in seven years – on July 12, raising the target for your influential overnight rate to 0.75 per cent from 0.50 – is cause for concern, for some.

But it’s not all you. That same day, Canada’s big five banks all raised their prime lending rate by 25 basis points.

Canadians, naturally, worry how these rising rates might hurt them, particularly when experts suggest this may be the first in a series of hikes over the next year or 18 months. And no shortage of reports suggest, with high debt loads and rising rates, it’s time to batten down the hatches.

Even Canada Mortgage and Housing Corp. warns that, “While the credit situation of mortgage holders in Canada remains stable, record-high levels of household debt underscores the need to keep a close eye on trends and developments.”

Such concerns, however, may be overblown.

In fact, the ones doing the belt tightening should be the government, itself.

“Canadian households have taken on more debt over time, but they have used this debt to 48 NextHome.ca | GTA 48 NextHome.ca

finance assets – real estate, for example – that are appreciating over time, causing their net worth to grow, also to unprecedented levels. The same cannot be said for government debt.”

Ouch.

This analysis comes from the Fraser Institute.

Concerns about household indebtedness focus on measures such as total household debt

“Rising rates is a sign for economic optimism,” he told NextHome. “Our economy is creating jobs, and if Bank of Canada GDP growth for 2017 does indeed reach 2.8, that’s great news.

“I am still very skeptical about the long-term strength of any of the western world economies until we get government spending under control. Factually, it is the single biggest threat to the

By the end of last year, household debt reached more than $2 trillion, up from $357 billion in 1990. accumulated, or the ratio of household debt to income, the independent research and educational organization says.

Based on these metrics, Canadian household debt levels are indeed near historic highs. By the end of last year, household debt reached more than $2 trillion, up from $357 billion in 1990. The lion’s share of this debt – two thirds, in fact – is for mortgages, while the remaining third is split between consumer credit (29 per cent) and other loans (five per cent). Over the same period, the total financial liabilities of the government sector grew from approximately $700 billion to $2.5 trillion, while its net debt grew from more than $400 billion in 1990 to nearly $970 billion in 2016.

Toronto wealth planner and mortgage expert Calum Ross is even more direct.

standard of living in the western world and it must be addressed aggressively in the years to come.

“In Canada our federal and most of our provincial governments are spending more than they make. You don’t need an accounting or finance degree from a fancy school to know that incredibly problematic.”

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at Twitter.com/ WayneKarl

+MORE ADVICE ONLINE nexthome.ca/news/advice

PRICES AT DUEAST WILL BEGIN FROM THE HIGH $200s; SUITE CHOICES WILL RANGE FROM STUDIO TO THREE BEDROOM LAYOUTS, MAKING DUEAST IDEAL FOR SINGLE PROFESSIONALS, GROWING FAMILIES AND EVEN EMPTY-NESTERS, WHO WANT TO LIVE IN A VIBRANT, URBAN NEIGHBOURHOOD CLOSE TO AMENITIES.

Join the

FOR THE BEST CHANCE TO BUY, REGISTER NOW AND JOIN THE DUEAST INNER CIRCLE™ PROGRAM. For a one-time $300 membership, you’ll receive: • an invitation to Daniels’ Preview Event, including the first Advance Sale before the general public • the first choice of suites, floors and views • invitations to Daniels’ members-only events • access to insider information Should you decide not to purchase at DuEast Condominiums, your $300 will be fully refunded.

REGISTER TODAY

416.955.0559 D U E A S T T O . C A

BOOST your chances of owning a home in Toronto’s Downtown East by BOOSTING your down payment from 5% to 15%...interest and payment free!

The Daniels Corporation (danielshomes.ca) is one of Canada’s preeminent builders/developers, building more than 27,000 new homes across the Greater Toronto Area, for over 34 years. Among its many initiatives, Daniels was chosen to partner with Toronto Community Housing to revitalize Regent Park. Committed to community, Daniels offers innovative programs that help people achieve homeownership, champions neighbourhood initiatives that enhance quality of life, and supports numerous charities and non-profit organizations.

SURE TO BE ANOTHER SUCCESSFUL SELLOUT IN REGENT PARK, DUEAST IS ALREADY ATTRACTING A GREAT DEAL OF INTEREST. NOW IS THE TIME TO REGISTER FOR THIS EXCITING CONDOMINIUM.

THE TARION 2017 HIGH-RISE BUILDER OF THE YEAR AWARD

REGENT PARK PRESENTATION CENTRE, 500 DUNDAS ST. EAST Exclusive Listing: City Life Realty Ltd. Brokerage. Brokers Protected. Illustration of DuEast Condominiums, along with the surrounding buildings and landscape, are artist’s concept, subject to change without notice, and may not be representative of the final product. Please speak to a Sales Representative regarding future developments. Pricing and specifications are subject to change without notice. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited. *Deposit and First Home BOOST programs are subject to availability, may end at any time and are subject to change without notice. Conditions apply. See Sales Representative for details. E. & O. E.

THE DANIELS CORPORATION INTRODUCES DUEAST CONDOMINIUMS IN REGENT PARK THIS FALL The award-winning Regent Park revitalization is now in its 11th year, and the demand for new homes in this community is strong. This fall, The Daniels Corporation will introduce DuEast Condominiums, at the northeast corner of Dundas and Sumach Streets. This comes after an overwhelming success at The Wyatt Condominiums, which was no surprise, as Regent Park has become one of the most sought-after residential destinations in Toronto’s Downtown East.

REGENT PARK AQUATIC CENTRE

6-ACRE COMMUNITY PARK

$200s Suites from the high

Coming this Fall, we invite you to Make Your Way Home by heading EAST to DuEast Condominiums.

As the sun rises in the east, so does a brand new condominium in one of Toronto’s most desirable and fastest growing neighbourhoods.

Situated at the corner of Sumach and Dundas Streets, in the heart of the award-winning Regent Park revitalization, this new, landmark residence will feature studio to three bedroom suite designs, outstanding resident amenities and a location that’s surrounded by a 6-acre park, aquatic centre, 2.8-acre athletic grounds, schools, shopping, dining, and easy transit options.

Don’t wait. Head DuEast today!

REGISTER TODAY

416.955.0559 D

U

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Join the

S

T

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Exclusive, early access to suites, floors & views

*

BOOST your chances of owning a home in Toronto’s Downtown East by BOOSTING your down payment from 5% to 15%… interest and payment free!

Exclusive Listing: City Life Realty Ltd. Brokerage. Brokers Protected. Illustration of DuEast Condominiums, along with the surrounding buildings and landscape, are artist’s concept, subject to change without notice, and may not be representative of the final product. Please speak to a Sales Representative regarding future developments. Pricing and specifications are subject to change without notice. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited. *Deposit and FirstHome BOOST programs are subject to availability, may end at any time, and are subject to change without notice. Conditions apply. See Sales Representative for details. E. & O. E.

love where you live

Local amenities are literally within steps of this new residence, ready to satisfy the recreational, educational, cultural and entertainment needs of Toronto’s diverse population. There’s always something to do for residents of all ages in this incredible neighbourhood.

And incredible, it is. Take multi award-winning Daniels Spectrum, widely known as Regent Park’s cultural hub. This fully accessible facility features indoor and outdoor performance spaces and offices where local artists, musicians and arts-based/communityfocused organizations thrive. Each year, hundreds of events that are held at this striking venue attract thousands of visitors.

Residents who like to keep active will find an amazing variety of possibilities for exercising and having fun in Regent Park - home to a 6-acre community park on Dundas Street. This area offers a playground, splash pad, dog off-leash area, multi-purpose green space, greenhouse, bake oven, plaza for community events, walkways and beautiful landscaping. Water lovers flock to the local Aquatic Centre with its 6-lane lap pool, waterslide, bubble benches, children’s play pool and much more.

Making another splash on the scene is the 2.8-acre Regent Park Athletic Grounds that opened last year. Here, residents can take advantage of an ice rink, a running track, basketball court, field house and artificial turf soccer/cricket pitch. There is also a new community centre in Regent Park, adjacent to Nelson Mandela Park Public School. It features recreational facilities, as well as an employment centre, child care centre, and direct connections to the school.

DANIELS SPECTRUM

REGENT PARK COMMUNITY CENTRE

REGENT PARK ATHLETIC GROUNDS GREEN COMMUNITY SPACE AT THE 6-ACRE PARK

live

community spirit in the midst of it all Regent Park residents can walk to all of this, plus numerous shops, restaurants and services, including Paintbox Bistro, FreshCo. by Sobeys, Tim Hortons, Subway/Yogen Früz, Wendy’s, Shoppers Drug Mart and RBC. Or, if you feel like exploring the city, hop on the streetcar outside your front door and check out Leslieville, The Distillery District, Cabbagetown, Dundas Square and the Toronto Eaton Centre - all within a 10 minute TTC ride. Gone are the days where you have to choose between the hustle and bustle of the downtown core, and the solace and serenity of the suburban neighbourhood. At DuEast, you can have it all.

FITNESS CENTRE

CONTEMPORARY 29-STOREY

THE PODIUM WILL BE HOME TO STREET-LEVEL RETAIL ALONG DUNDAS AND OFFICE/COMMERCIAL SPACE ON THE SECOND LEVEL, OFFERING EVEN MORE CONVENIENCE FOR RESIDENTS.

NATIONAL BRAND RETAIL

FAMILY FUN EVENTS

striking design

CONDOMINIUM WITH A STRIKING EXTERIOR BY CORE ARCHITECTS.

DuEast Condominiums will offer an enviable array of resident-only amenities. Beauty and functionality will characterize the lobby, from which a 24-hour concierge will provide security and convenience. On the third floor, the Compass Club will be the destination for those who want to stretch, do yoga, work their cardio, or engage in strength training and crossfit. To ensure the best scenario for active residents, Daniels enlisted the help of a fitness consultant in designing the various areas, which will include the latest and greatest in equipment and furnishings. There will also be a recreation coordinator, offering a variety of fitness classes and programming for children and adults.

play

DUEAST WILL BE A

KIDS’ ZONE

CO-WORKING SPACE

work

Children will also enjoy what the third floor has to offer, especially the Kids’ Zone. In this innovative centre, young ones can work off energy in the “active” room and on the high/low play structures. For more restful times, they can nestle into padded kiddie corners or the library/reading nook for learning-oriented activities. Again, to maximize the use of this amenity area, Daniels went to the experts – parents – to ask what kids need and want the most. The Kids’ Zone is sure to be a favourite spot for families during rainy days and winter months.

Then it’s up to the fourth floor, where residents can host get-togethers in the party room or relax in the indoor and outdoor lounges. They can also exercise their green thumbs in the large potting shed, where plants can be started for future balcony gardening.

The condominium will even have outdoor terraces and a green roof.

Taking the concept of condominium amenities to a whole new level, DuEast will be home to a unique co-working space, complete with convenient coffee bar. This area will be ideal for those who have the flexibility to work from home, but find they are more productive in a communal setting. It’s like having the best of both workday worlds.

PAINTBOX BISTRO

The innovation does not stop there. DuEast will be bordered by an inviting “Living Lane.” This thoughtfully designed, landscaped laneway will be dotted with trees, benches, bike parking and bistro string lighting extending from each side. Also along the Living Lane will be live-work units and a shared bike repair area for DuEast residents.

INSPIRATION

IN THIS SECTION

COTTAGE STYLE IN THE CITY

MAKING THE MOST OF YOUR SMALL SPACE

SHOPPING GUIDE: QUEEN WEST Photo by Ted Yarwood AUG 5 - SEPT 2, 2017 51

INSPIRATION | DESIGNER ADVICE

COTTAGE

style

WHETHER OR NOT you can find the time for

a true cottage getaway this summer, you can infuse some R&R into any home. To get the best of lake-side living, even in your urban abode, here are some tips for getting that cottage-inspired look.

COTTAGE COLOURS

story by YANIC SIMARD photos by TED YARWOOD

>> Whether or not you find yourself regularly tracking sand inside, slip-covered furniture is practical for its ease of washing and for the ability to swap out looks between seasons. Plus, a skirted front on a sofa or chair communicates the relaxed cottage vibe, especially in a heavy natural fabric, such as a linen blend.

COTTAGE COLOURS It’s hard to imagine a

EVERYDAY BEAUTY Cottage style

cottage-inspired colour scheme without the calming essence of a clean, fresh white. >> For an earthy, Zen atmosphere, pair white with off-white neutrals (greys, beiges or both) and let texture and materials become the focus, recalling the simple beauty of sandy shores and pebbled paths. >> For a livelier nautical vibe, blue is a cottageinspired favourite. In general, a cottage interior tends to feature a simple palette, so pick one hue to repeat in smaller or larger doses from room to room.

comes down to celebrating simplicity. Showcase beautiful plates, vintage serving ware, and favourite pots and pans. >> Open shelving is a popular trend which suits the most rustic spaces (think simple wood-plank shelves) or even more modern schemes (try vanishing floating glass). However, if you prefer to keep your storage behind closed doors, consider varying the heights of your cabinets – this creates neatly framed niches at the ceiling where you can display party serving ware you use occasionally, such as elegant porcelain pitchers. >> If you have precious plates you won’t use often (or even favourite ones that you do!) an artful arrangement over your dining table makes a classic cottage-inspired display. Choose all white pieces if you want to keep the look modern. Similarly, cool copper pots hanging on an open rack make a trendy, metallic statement between recipes.

DEEP WOODS Wood is the first material I think of when it comes to “cottage” style – but you must know how to use it right. >> To create a feeling of consistency, run wood floors as far as possible – even into the kitchen.

When treated property, wood can survive the occasional spill. Opt for wood with visible graining and rustic character. >> Plank walls have a cabin look, but unless you live directly on the water, you may find it a bit overwhelming. Paint it white or a pale colour to maintain an airy, relaxed vibe, or go for a deep espresso stain and break up the wood with white accents, such as art and drapery.

SOFT AND STRONG Seating in a cottageinspired home tends toward two timelessly practical (and beautiful) categories: wood and slip-covered. >> Sturdy wood bars tools, dining chairs and benches make perfect options for bringing in a sense of natural strength, as their open frames still allow for an airy and relaxed look, and they contrast soft upholstery beautifully.

Yanic Simard is principal designer of award-winning, boutique design firm Toronto Interior Design Group and regular design expert on City’s Cityline. Visit tidg.ca, and follow him on Twitter at @yanicsimard

HC-128 Clearspring Green

CC-10 Ultrawhite

HC-168 Chelsea Gray

2064-50 Costa Rica Blue

CC-640 Blue Grass

CC-636 Mountain Air

TIP: IF YOU WANT A LITTLE EXTRA PUNCH IN A KEY AREA, TRY SMALL HITS OF RED. AUG 5 - SEPT 2, 2017 53

ROUND UP

SMALL SPACE

SURVIVAL TIPS

BY LYDIA MCNUTT

With 25 years in the real estate biz, we’ve picked up a thing or two about how to maximize your small space. Here’s some timeless advice from the experts over the years.

1 “Furniture in small spaces can serve more than one purpose... Reconfiguring and readapting to serve multiple functions is the way of the future.”

3

2 “Position a mirror directly on the wall opposite to the source of natural light. This will bounce the light back and forth while increasing the visual depth of your room at the same time.”

“When you’ve run out of storage space, lie on the floor and look up... Vertical space is abundant and often overlooked. Consider putting shelves above door frames or around the perimeter of the room. Hang things from the ceiling in the kitchen.

When purchasing armoires, bookcases or shelving units, choose the tallest you can find, and put baskets on top of them.”

JANE LOCKHART, PRINCIPAL

YANIC SIMARD, PRINCIPAL

HELLEN BUTTIGIEG, CERTIFIED

DESIGNER, JANE LOCKHART

DESIGNER, TORONTO INTERIOR

PROFESSIONAL ORGANIZER,

INTERIOR DESIGN

DESIGN GROUP

WE ORGANIZE U

4

“Where the goal is to create the illusion of more space, paint walls and trim in pale, cool colours… Cool colours recede from view, making walls feel farther away than they really are.”

KIMBERLEY SELDON, INTERIOR DESIGNER, KIMBERLEY SELDON DESIGN GROUP

5

“A layered lighting plan is something I always recommend to clients, but in a small space this approach is especially advantageous. Rather than opting for a floor lamp with mass and weight, that takes up floor area, sconces give you ambient lighting while saving space. I love the architectural detail sconces provide and often use them on either end of a gallery wall or sofa.”

LISA CANNING, DESIGNER, LISA CANNING INTERIORS

“If you’re fortunate enough to have a breathtaking skyline view or a picturesque landscape right outside your window, why not treat it like a stunning piece of artwork? Frame it with colour. Painting trim with a deep, rich hue such as black or charcoal gray continues to be a growing trend, and if your small space is rather “box like” and lacking a natural interior focal point, the addition of a bold colour on the trim work will add depth, command attention, and draw the eye to one of your best and most beautiful features.”

6

LEIGH-ANN ALLAIRE PERRAULT, SELF-PROCLAIMED DIY NINJA AND DESIGNER, HUE LA LA

7

“Train yourself to be a minimalist. I know you want to keep the old photo albums and book collections. However, with today’s digital technology, you can store all your photos and books on your computer. You get better quality imaging and it can free up a lot of space.”

+MORE ADVICE ONLINE

JONATHAN AND DREW SCOTT, THE PROPERTY BROTHERS nexthome.ca/news/advice

INSPIRATION

QUEEN WEST A SHOPPER’S HAVEN WRITTEN BY SONIA BELL | DESIGNED BY DENNIS NG

QUEEN WEST, HOME OF THE HIP, has emerged as the go-to spot for tastemakers and trendsetters. Located along Queen Street West between Dufferin and Bathurst streets, the area is dotted with galleries and boutique shops boasting one-of-a-kind art, fashion and decor. In 2014, Queen West was ranked the world’s second-coolest neighbourhood when it comes to street style, by Vogue Magazine. Beating out fashion-forward hot spots such as Paris, London and New York City, Toronto’s own Queen West has earned its place among the elite when it comes to style. If you’re hoping to add some panache to your home, Queen West’s roster of trendy decor stores makes it the ideal spot for unique items.

Flapper Coat Rack Espresso Umbra

Ours Veston Cushion VdeV

Carmichael Loft Sofa Style Garage

Nemo Crown Major Suspension Lamp Quasi Modo

CHECK IT OUT: VdeV: A twist of fate

Alphabet of Typography Telegramme

Geneva Aerosphere Wireless Speaker Planet of Sound

Amped Reglar Cinema Lightbox Drake General Store

When Fanny Vergnolle de Villers, owner of Queen West hot spot VdeV, rented her first commercial space in Montreal, she had a gut feeling about the type of store that would flourish. “There was something missing in the home decor market. There’s no one place where you can get furniture and home accessories at all different price points,” she says. So she opened a store filled with home treasures.

What makes VdeV unique is the variety of lifestyle items it carries, from big pieces such as furniture and lights, to accessories that give a home personality — vases, pillows, kitchen accents, even fashion accessories such as jewelry and handbags.

5 Fast Facts about VDeV: • VdeV is a play on Fanny’s last name, Vergnolle de Villers • In 2012, the bike shop on the main floor of Fanny’s building closed, so she jumped in to rent the space for her store • Fanny’s creative flair was passed down from her mother, who also owns home decor stores • The second location in Toronto opened in April 2016 at 120 Ossington Avenue • Most of the merchandise is in the medium-low price range vdevmaison.com

KEEP SHOPPING...

CB2

651 Queen St W. cb2.com

Drake General Store 1151 Queen St. W. drakegeneralstore.ca

Planet of Sound 1020 Queen St. W. planetofsoundonline.com

Quasi Modo Avalon Hi-Gloss Black Desk CB2

1079 Queen St. W. quasimodomodern.com

Style Garage 78 Ossington Ave. stylegarage.com

Telegramme Kalliope Rug VdeV

194 Ossington Ave. telegramme.ca

Umbra

165 John St. umbra.com

ANDRIN HOMES Building Communities, One Exceptional Home at a Time.

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Information correct at press time. Illustration is artist’s concept. E. & O. E.

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PROPERTY PROFILE

Rendering is artist’s concept

PARALLAX DEVELOPMENT CORP. LAUNCHING ROYAL Q TOWNS CONTEMPORARY TOWNHOMES OFFER VALUE, DESIGN AND A GREAT URBAN LOCATION ALONG A SOUTHSIDE BLOCK of The Queensway, at Royal York Road, the muffled cries of “take it off” have been replaced by the clarion call to “take it down.”

It has come from area retailers, residents of the neighbourhood, and the local councillor, each hoping to spur the further gentrification of this great Queensway neighbourhood by demolishing one of the avenue’s most infamous establishments, called House of Lancaster, and replacing it with something far greater, called Royal Q Towns.

Launching later this summer, this collection of modern townhomes from Parallax Development Corp. is poised to redefine the Queensway, and offer luxurious living, priced starting from under $900,000.

SEEING THE FUTURE “Like our purchasers, what sets us apart is our vision,” says Parallax’s Stafford Lawson. “The ability, when looking at a piece of land for residential redevelopment, to not be dissuaded by what others see, but instead, to be emboldened by what others don’t.

“That vision provides the opportunity to acquire a property where its redevelopment can have such a transformative impact on an entire neighbourhood. We see this as one of those opportunities, and we believe our purchasers will see the same thing.”

Located near Royal York Road, along The Queensway, Royal Q Towns will help further define what is already perceived as one of Toronto’s grandest avenues.

Currently home to a mix of retailers, restaurants and lifestyle options, The Queensway is surrounded by a neighbourhood …continued on page 64

62 NextHome.ca | GTA 62 NextHome.ca

…continued from page 62

Rendering is artist’s concept

of well-established single-family homes, park spaces and schools. It benefits from unparalleled transit options, a network of local streets and major highways, and is located just minutes from the lake, while being close to downtown.

“While many of these community assets were wellknown to real estate insiders, few saw the true potential of this site, as they were likely blinded by the neon lights and sequined dresses of the site’s former business. But we look beyond that, recognizing that the property offered the perfect location to develop a thriving, modern townhome community.”

MODERN ELEGANCE After acquiring the property, Parallax turned to two of Toronto’s leading architecture and design firms to create the new future for 689 The Queensway. Led by the award-winning architectural 64 NextHome.ca | GTA 64 NextHome.ca

team at the IBI Group, with interior designs by Mike Niven of Mike Niven Interior Design, the team has created a collection of 54 elegant townhomes, designed around a modern courtyard.

Boasting expansive rooftop terraces, private backyard spaces (in select homes) and underground parking, Royal Q Towns offers a range of layouts available in two-bedroom-plus-den or spacious three-bedroom designs, priced from less than $900,000 inclusive of parking.

These contemporary, yet luxurious, homes offer handsome brick-clad exteriors complemented by large, light-filled open interiors, in the heart of the city.

A RARE OPPORTUNITY “You just have to read the papers these days to understand the frustration of buyers in the current market,” says Lawson. “So many people are looking for affordable, modern homes in the city, only to be frustrated by a lack of product and outrageous prices. We believe that young professionals, families and even empty nesters shouldn’t have to look into the 905 to find the home of their dreams.

“We believe that elegant homes around $1 million, close to the downtown core and in an area with ample lifestyle options, should be both available and accessible to today’s purchaser.”

With the upcoming launch of Royal Q Towns, Toronto-area homebuyers are finally able to get what they want.

For more information on Royal Q Towns, or to register for your chance to get what you want, visit the website at royalqtowns.com.

COMING SOON TO HOLLAND LANDING A unique collection of detached homes on 38’, 40’ and 45’ lots Register today andrinhomes.com

Go shopping at Upper Canada Mall and big box stores. Plus, easy access to the new highway 404 extension and the East Gwillimbury GO Station with direct connections to downtown Toronto.

Register today andrinhomes.com

Stay Connected

Brighten your future

Modern Living In Innisfil Family and friends will see it shining in your eyes. You’ve discovered Radiance. An inspired community of contemporary townhomes minutes from Lake Simcoe in Innisfil. Where the delight of owning a brand new modern- styled home in Innisfil is here for all to see. And the happiness you feel inside is reflected in the joy you express in your life. You will delight in living just minutes from the lake, a block from the new public school with daycare, near shops and a recreation centre, and just down the road from convenient amenities in Barrie.

Access to the GTA is easy via Hwy 400 and the new Innisfil GO Train station. Radiance captures your modern lifestyle like no other.

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RadianceInnisfil.ca Rendering is Artist’s concept. Prices & specifications subject to change without notice. E.&O.E.

JOIN THE CONVERSATION

Markham tour o ur

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FREEHOLD TOWNHOMES AND SINGLE FAMILY HOMES WITH COACH HOME DESIGNS AMAZING AMENITIES AT YOUR DOORSTEP • • • • • •

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HOME FEATURES: • bonus bathrooms • convenient side door entries • laundry chutes and much, much more…

cornellrouge.com 905.472.9556 SALES OFFICE LOCATED AT 655 Cornell Centre Boulevard (at 16th Avenue)

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Friday by appointment only Weekends & Holidays from 11 a.m. to 6 p.m.

Renderings are artist’s concept. Prices and specifications are subject to change without notice. See sales representatives for details. E & O.E.

MARKHAM

ADVICE | LEGALLY SPEAKING

NOT EVERY LAWYER IS A

REAL ESTATE LAWYER JAYSON SCHWARZ

NOT ALL LAWYERS ARE CREATED EQUAL. If you needed a heart

surgeon, you certainly would not go to see a podiatrist. By the same token, lawyers generally have expertise in one area greater than another. Do not believe that the granting of a law degree instantly bestows knowledge of all laws on the head of a lawyer.

The first thing you need to do to find a lawyer is the same thing you ought to be doing to find a home – research! Where do you look? Start with media and look in magazines (editor’s note – you already have your copy of NextHome, so you’re off to a good start!), newspapers, listen to radio and watch real estate television. Go to seminars and listen to the speakers. Generally speaking, if a lawyer is taking the time to participate in a seminar, he or she is thought to be an expert of the subject, and is happy to take on new clients that result from those seminars.

Next, go online and check out the websites of different real estate lawyers. Look to see whether they give good, informative advice; whether they give you pricing; and whether they make you feel comfortable.

Call the Law Society of Upper Canada’s Lawyer Referral Service.

This service keeps lists of lawyers 70 NextHome.ca | GTA 70 NextHome.ca

and refers requesting members of the public to lawyers who practice in the area requested.

This just gets you someone in the area. You really need to check them out when referred.

Speak to friends who have used a lawyer for the type of service you require and ensure they did the job professionally, courteously and for the price quoted.

“

...ensure that your lawyer is independent and will represent your interests even if it puts him in an adversarial position

”

Who is making the referral? Is the referral coming from a real estate agent, a mortgage broker or a bank? One is not necessarily better than the other, but you have to be careful. Quite often, lawyers develop relationships with various groups over the years and receive referrals because they do a great job. On the other hand, ensure that your lawyer is independent and will represent your interests, even if it puts him in an adversarial position with one of those parties. This is quite important, so make sure you get comfortable with this issue before you hire someone.

Now to bring this back to the original idea, what you need to understand is that there are general law practitioners just like there are general family doctors.

What this means is that a lawyer may have a wide-ranging practice composed of many areas. The smart lawyer who falls into this category knows that if there is a serious issue that arises outside of their expertise, they should bring in a specialist – just like your family doctor would. The bad lawyers try to do it all themselves.

The general practitioner can probably handle your real estate deal just fine, but make sure he or she understands any complicated offers and that he or she reviews them carefully, pointing out any problems. Ensure that your lawyer knows what can be negotiated and what cannot, or you may lose your deal.

Remember, your lawyer is a very important part of the process, so take your time and find the right one.

Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit online at schwarzlaw.ca or email info@schwarzlaw.ca with your questions, concerns, critiques and quandaries.

+MORE ADVICE ONLINE nexthome.ca/news/advice

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HOT PROPERTIES

Find your next home! This page features a few of the latest properties to keep your eye on in the Toronto area. Find more properties at nexthome.ca

LATEST LISTINGS

9. FRENCHMAN’S BAY

18. SUMMIT CITY CENTRE

By: Madison Group City: Pickering Housing type: Townhomes and singles madisongroup.ca

By: Summitview Homes City: Mississauga Housing type: Two-storey urban towns summitviewhomes.com

1. ALLEGRO

10. GLENWAY

By: Geranium Homes City: Aurora Housing type: 52- and 61-ft. cul-de-sac homes from more than $2 million allegroaurora.com

19. SUPERSONIC

By: Andrin Homes & Lakview Homes City: Newmarket Housing type: Townhomes and detached bungalows glenwayliving.com

By: Lindvest City: North York Housing type: Condominium suites lindvest.com/supersonic

GTA PREVIEW REGISTRATION

2. BIANCA By: Tridel City: Toronto Housing type: Luxury condominiums Tridel.com

3. BOXGROVE VILLAGE

11. HILLSBOROUGH By: Great Gulf & Andrin Homes City: Holland Landing Housing type: Detached homes andrinhomes.com • greatgulf.com

12. JACKSON SQUARE

By: Arista Homes City: Markham Housing type: Family sized freehold townhomes and live/work towns boxgrovevillage.com

By: Gold Park Homes City: Maple Housing type: Townhomes goldparkhomes.com

4. CITYLUX TOWNS

13. KINGSWAY BY THE RIVER

By: Fieldgate Homes City: Thornhill Housing type: Urban townhomes in Thornhill Woods fieldgatehomes.com

By: Urban Capital City: Toronto Housing type: Condo lofts kingswaybytheriver.ca

5. COBBLESTONES SOUTH By: Fieldgate Homes City: Brampton Housing type: 36-ft. singles up to 3,481 sq. ft. fieldgatehomes.com

6. CONCORD CANADA HOUSE By: Concord Adex City: Toronto Housing type: Condominium suites ConcordCanadaHouse.ca

7. CYPRESS

14. LOGGIAS IN RICHDALE

By: Parallax Development Corporation City: Toronto Housing type: Condominium suites theorycondos.com

21. TIME AND SPACE By: Pemberton Group City: Toronto Housing type: Condominium suites PembertonGroup.com

22. UPPER VALLEYLANDS By: Fieldgate Homes City: Brampton Housing type: Singles, semis and towns fieldgatehomes.com

23. VICTORY HEIGHTS

By: Senator Homes City: Richmond Hill Housing type: Luxury detached homes senatorhomes.com

By: Treasure Hill Homes City: Vaughan Housing type: 40- and 42-ft. luxury singles treasurehill.com

15. M CITY CONDOS

24. WESLEY TOWER

By: Rogers Real Estate Development & Urban Capital City: Mississauga Housing type: Condominium suites mcitycondos.com

By: The Daniels Corporation City: Mississauga Housing type: Condominium suites DanielsCityCentre.com

25. WHITBY MEADOWS 16. MISSISSAUGA SQUARE

By: Pinnacle International City: Etobicoke Housing type: Condominium suites PinnacleEtobicoke.ca

By: Plaza City: Mississauga Housing type: Condominium suites pureplaza.com

8. DOWNSVIEW PARK

17. QUEEN’S COMMON

By: Stafford Homes City: Toronto Housing type: Townhomes staffordhomes.ca

By: Mattamy Homes City: Whitby Housing type: Detached and townhomes mattamyhomes.com

72 NextHome.ca | GTA 72 NextHome.ca

20. THEORY CONDOMINIUMS

By: Fieldgate Homes City: Whitby Housing type: Towns and singles fieldgatehomes.com

NEW OPENINGS 26. AQUABELLA By: Tridel & Hines City: Toronto Housing type: Condominium suites from 1,767 to over 4,000 sq. ft.

Tridel.com

27. CHELSEA MAPLE STATION By: Aspen Ridge Homes City: Vaughan Housing type: Townhomes aspenridgehomes.com

28. CONDOMINIUMS OF CORNELL

34. NEIGHBOURHOODS OF MOUNT PLEASANT By: Rosehaven Homes City: Brampton Housing type: Freehold townhomes rosehavenhomes.com

35. NEWTOWNS AT MOUNT PLEASANT By: Primont Homes City: Brampton Housing type: Townhomes primonthomes.com

36. ORCHARD WEST By: Treasure Hill City: Bowmanville Housing type: 37-, 40- and 45-ft. singles treasurehill.com

By: Mattamy Homes City: Markham Housing type: Condominium suites from 725 to 1,302 sq. ft. mattamyhomes.com

37. PACE ON MAIN

29. CORNELL ROUGE

38. QUEENSWAY PARK

By: Madison Group and Forest Hill Homes City: Markham Housing type: Freehold towns and singlefamily homes cornellrouge.com

30. FOXBAR COLLECTION AT BLUE DIAMOND By: Camrost Felcorp City: Toronto Housing type: two- and three-bedroom luxury suites and townhomes thefoxbar.ca

31. IMPRESSIONS By: Fieldgate Homes City: The Village of Kleinburg Housing type: Towns, semis and singles fieldgatehomes.com

32. KLEINBURG SUMMIT By: Mattamy Homes City: Vaughan Housing type: Detached and townhomes mattamyhomes.com

33. MADISON LANE By: Reid’s Heritage Homes City: Bowmanville Housing type: Luxury condos madisonlanecondos.com

By: Geranium City: Stouffville Housing type: Condo towns paceonmain.com

By: Urban Capital & Rosewater City: Etobicoke Housing type: Condominium suites queenswayparkcondos.ca

39. RICHLANDS By: Fieldgate Homes City: Richmond Hill Housing type: Towns and singles fieldgatehomes.com

40. TIME By: Treasure Hill Homes City: Aurora Housing type: Urban townhomes treasurehill.com

41. THE MET By: Plaza City: Vaughan Housing type: Townhomes pureplaza.com

42. TOWNS AT ROUGE VALLEY By: Tribute Communities City: Scarborough Housing type: Urban townhomes mytribute.ca

43. VALLEYLANDS By: Fieldgate Homes

+

City: Brampton Housing type: Single-detached fieldgatehomes.com

44. VISTA By: Geranium Homes City: Stouffville Housing type: Condominium one-storey flats and two-storey towns vistaflatsandtowns.com

NOT ON MAP ALCONA SHORES By: Bayview-Wellington Homes City: Innisfil Housing type: Luxury singles on 32-, 45- and 48-ft. lots myalcona.com

GEORGIAN SANDS By: Elm developments City: Wasaga Beach Housing type: Towns and singles georgiansands.com

LEGACY COTTAGES By: The Rosseau Group City: Muskoka Housing type: Cottage homes legacycottages.ca

RADIANCE By: DIAM Developments City: Innisfil Housing type: Townhomes radianceinnisfil.ca

VILLAGES OF KILLARNEY BEACH By: Ballymore Homes City: Innisfil Housing type: Detached homes ballymorehomes.com

WHITE PINES By: Mattamy Homes City: Bracebridge Housing type: Detached homes mattamyhomes.com

YOUNG’S COVE By: Briarwood Homes City: Carrying Place Housing type: Detached homes youngscove.ca

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

AUG 5 - SEPT 2, 2017 73

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ADVICE | HHHBA REPORT

NIMBYs AND YIMBYs WHAT CAN I DO ABOUT THIS DEVELOPMENT HAPPENING IN MY NEIGHBOURHOOD?

SUZANNE MAMMEL

ENGAGEMENT. INVOLVEMENT.

These are things that the public doesn’t often think about when it comes to development and redevelopment issues in their cities and neighbourhoods. Often, it is an afterthought when the construction equipment rolls onto a site. And people ask, “Why didn’t I know about this? Why is this happening here?”

Many complain. It isn’t what they want. They understand that their city or town is growing, but they don’t want it here. “Not in my backyard (NIMBY),” they say.

More people, however, are genuinely interested in what redevelopment can do for their neighbourhood. They’re known to say, “Yes, in my backyard (YIMBY).”

Let’s look at the numerous and often complex reasons this is happening.

Provincial rules The Growth Plan currently mandates that each year, 40 per cent of newcomers to our cities are accommodated within the “built boundary” – that is the limit of where housing was in 2006.

This may occur at a former school site that sold for redevelopment, or through the construction of a mid- or highrise building where there used to be a two-storey structure. Meaning, for every 100 people who move here, 40 are 76 NextHome.ca | GTA 76 NextHome.ca

Our cities mandate public consultation for development applications, including open houses and information sessions. to be accommodated in existing neighbourhoods. And as time goes on, the provincial government has indicated that intensification number will increase to 50 per cent by the next municipal review for each town/city/region, and 60 per cent by the year 2031.

Finances It makes sense to house people close to existing infrastructure, and make the best use of these investments. Whether public or private, investments in transit, parks, businesses, services and roads must be well utilized.

Investment in LRT or GO stations warrants a significant number of riders, for whom it makes sense to provide living opportunities in proximity. The City of Burlington, for example, is working on its mobility hubs study, looking at ways to develop areas in proximity to its GO stations and downtown transit hub. The two GO stations in Hamilton are drivers for redevelopment activity there.

Immigration policy Our cities are expected to grow significantly between now and 2041. Hamilton’s population will hit 780,000, and one million people in Halton Region.

So, redevelopment is going to occur. Our cities are not allowed to say “no, we won’t.” And we

all know is that change is often difficult to accept.

What can you do about it? Be informed and educated on the why and how. It can be a good thing – gentle density (such as secondary suites in larger homes, a lot severance, laneway housing) can bring new life and vibrancy to a community whose population has been declining. It can take an under-utilized commercial building and transform it into a mixed-use community. Variety in supply helps housing prices stay more reasonable, and affords choice in type and location.

You do have a say. Our cities mandate public consultation for development applications, including open houses and information sessions. Go. Ask questions. But understand that saying, “I don’t want development to occur here,” likely isn’t going to be successful. There are areas where development will be limited, and others where it will be significant. Learn why.

Ask what’s in store for your neighbourhood.

When the excavator is pulling up next door, it’s too late.

+MORE ADVICE ONLINE nexthome.ca/news/advice

SWO

SOUTHWESTERN ONTARIO

IN THIS SECTION

SHOWCASING NEW PROJECTS IN SWO

ON TOUR: NIAGARA-ON-THE-LAKE

MAPS & LISTINGS OF NEW COMMUNITIES

AUG 5 - SEPT 2, 2017 77

branthaven.com

What we know is that today’s home buyers are even more sophisticated than previous generations. They’re more knowledgeable of their needs and expectations. Blurring the lines between urban and suburban, and replicating the best of modern life with more space and more value. Possibly the most interesting thing we’ve experienced is that many of their decisions are often comprised of a distinct sense of personal style and practicality, looking for a home built with quality construction and offering lower maintenance costs. They want authenticity in the design, and that’s no surprise to us.

It’s these buyer values that have helped Branthaven make responsive decisions in homebuilding. Pushing toward life-centric designs and purpose driven living spaces. Plans that promote a much more contemporary way of living, much more simplified, and designed with a purpose. It’s Branthaven’s dedication to be innovative that also speaks to the quality people are looking for and expect.

In the past 45 years, nothing has changed. We’re always re-thinking and re-imagining every aspect of home building to improve how you live life.

The more we know about our customer, the better home builder we become.

The last 45 years have helped us understand what it takes to provide authentic communities with purpose-built homes, making life easier and more rewarding.

Visit us online and experience what it means to Live The Life

TM

FIND MORE INSPIRATION

BRANTHAVEN.COM

TRENDING COMPILED BY SONIA BELL

HAMILTON & KITCHENER-WATERLOO-CAMBRIDGE SEE DOUBLE-DIGIT HOME PRICE GROWTH IN Q2 2017 ACCORDING TO ROYAL LEPAGE’S recent House Price Survey and Market Survey Forecast, home prices in Hamilton and Kitchener-Waterloo-Cambridge (KWC) have experienced double-digit price growth.

HAMILTON Aggregate home price: $483,719 Year-over-year increase: 20.1%

Housing Type Condos Median Price: $364,305 +26.1% YOY

Bungalows

KWC Aggregate home price: $435,367 Year-over-year increase: 20.7%

Housing Type Condos Median Price: $269,646 +15.3% YOY

Bungalows

Median Price: $432,048 +16.5% YOY

Median Price: $401,631 +21.1% YOY

Two-storey house

Two-storey house Median Price: $459,562

Median Price: $508,450 +21% YOY “Hamilton continues to see a lot of interest from buyers within the GTA, who are seeking high-quality homes at more affordable price points,” says Joe Ferrante, broker of record, Royal LePage State Realty.

“This is contributing to the city’s extremely high yearover-year home price increases.”

+20.9% YOY “The region’s increasing popularity has enticed many Torontonians into the market in search of more affordable inventory, leading the Tri-Cities to experiences unprecedented price growth in recent months,” says Keith Church, broker of record, Royal LePage Grand Valley Realty. * Aggregate prices are calculated via a weighted average of the median values of homes for reported property types in the regions surveyed

CANADIAN HOUSEHOLD DEBT AT AN ALL-TIME HIGH: CMHC WHILE THE CREDIT SITUATION of Canadian mortgage

holders remains stable, there are record-high levels of household debt, according to a new report from Canada Mortgage and Housing Corp. (CMHC).

Using data from credit reporting agency Equifax, CMHC assessed the trends in the mortgage market in 2016. Here are some of the findings:

$200,000

The number of new mortgage loans in 2016 80 NextHome.ca | SWO 80 NextHome.ca

Total household CREDIT MARKET DEBT in Canada

65+

THE AGE GROUP that is experiencing the highest mortgage delinquencies

Loans worth less than recorded the best delinquency rates in a year

1.03 MILLION

$2 TRILLION

$269 BILLION

The total of new mortgage loans in 2016, UP 9%

167.2% The ratio of debt to disposable income, up 3% YEAR-OVER-YEAR

• Overall TREND FOR MORTGAGE DELINQUENCY RATES is improving • CANADIANS’ CREDIT SITUATION IS IMPROVING, but those with mortgages performed better

COMING SEPTEMBER 2017

This master-planned community is located on the beautiful Beamsville Bench.

The community will consist of four distinct neighbourhoods with a community park.

TOWNS & SINGLES from the $400’s

MyVistaRidge.ca ONTARIO

LN

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PROPERTY PROFILE

MODERN HOMES WITH A WINE COUNTRY ADDRESS LIVE IN THE HEART OF WINE COUNTRY at Vista Ridge, the master-planned community by Losani Homes in beautiful Beamsville. Nestled among 48 local wineries and the Niagara Escarpment, Vista Ridge will comprise four desirable neighbourhoods with a community park at its heart.

Access to the Bruce Trail is moments away, as well as numerous parks and conservation areas. Premium schools and recreation are nearby, and charming cafes and restaurants are a short stroll away. Like an aged bottle of Pinot Noir, life at Vista Ridge is best well-savoured.

The first neighbourhood at Vista Ridge will offer desirable detached homes ranging from 1,503 to 3,198 sq. ft. on 33-, 36-, and 40-ft. lots, as well as two-storey townhomes ranging from 1,470 to 1,574 sq. ft. on 18- to 23-ft. lots. Chateau, Tuscan, Traditional and Modern elevations will be offered for detached homes, while the townhomes will all boast sleek, modern elevations. The Modern Collection is the perfect blend of contemporary and classic, with a rich, dramatic colour palette, dark trim, 82 NextHome.ca | SWO 82 NextHome.ca

modern windows and the natural appeal of stone and brick. Prices start from the $400’s.

“At Vista Ridge, we are committed to working one on one with each home purchaser with special mobility needs to ensure that the home meets all their accessibility requirements while also providing the ability for families to remain in their homes throughout their lifetime,” says Fred Losani, CEO of Losani Homes. “In fact, we have completed 20 customized

accessible homes for customers with special needs.�

Future communities will also offer accessibility options for barrier-free living.

Losani Homes offers a sophisticated reveal program and boutique buying process. Those interested can register online to receive emails with important community information including the aerial site plan, amenities brochure, site plan, floor plans and the premium features and finishes.

Prospective purchasers are invited to attend a VIP Preview where they will get a brochure package and an informative presentation. Following the event, those who attended can book

their purchasing appointment conveniently online and then attend the purchase appointment on the weekend in a relaxing atmosphere with their own Losani sales representative.

Most builders use the line-up method, which creates chaos and is quite demanding on prospective homeowners. With Losani’s boutique, online method, interested buyers can book their appointment from the comfort of their own home.

Vista Ridge is set to open in September. To receive the Vista Ridge story and an invitation to the VIP Preview, register online at myvistaridge.ca

+

LOCATION Beamsville BUILDER Losani Homes DEVELOPMENT Vista Ridge HOUSING TYPE Detached homes and two-storey townhomes CONTACT myvistaridge.ca

NEIGHBOURHOOD PROFILE

Niagara-on-the-Lake CANADA’S OLDEST SMALL TOWN

HOT SPOTS

MORE PHOTOS ONLINE

nexthome.ca/niagara-on-the-lake

ANNE MARSHALL

LEISURELY LAKE-SIDE STROLLS, nights at the theatre and wine tasting are all a big part of the Niagara lifestyle. The heritage district is busy year-round, due to its proximity to the Falls.

Despite the tourist presence, there’s still a vibrant local scene.

THE VIBE Residents take particular pride in their history of fending off advances from their US neighbours. For more than 200 years, Niagara-on-the-Lake has held the fort – literally, that’s Fort George – on the Canadian side of the Niagara River. Owners have lovingly maintained these homes so well that even the brand-new subdivisions are using these designs as templates.

PLANES, TRAINS & AUTOMOBILES Within the core, it’s easy – and delightful – to travel by foot. While cyclists will find it a dream to get around when the weather permits, it’s no place for the carless.

86 NextHome.ca | SWO 86 NextHome.ca

REAL ESTATE While it’s the most upscale neighbourhood in the region, Niagara-on-the-Lake is still reasonably priced when you look at what $500,000 can buy. These are beautiful homes, new and old, but the accompanying lifestyle can get expensive if you’re a wine connoisseur.

MEET THE NEIGHBOURS Popular with retirees, Niagara-onthe-Lake is home to fewer than the average number of households with children – however but this is changing as the town expands along Hwy. 55 in particular. Young professionals and families are drawn to the new houses and townhomes that, while upscale for this region, are still relative bargains compared to GTA prices.

• Median age: • Households with Children: • Household income: Source: realtor.ca

52.10 47% $120,856

CHEESE SECRETS This quaint little fromagerie stocks only the finest Canadian artisan cheeses and a selection of imports – a must-stop for foodies.

THE GARRISON HOUSE The Garrison House has received rave reviews as a great spot to enjoy a casual atmosphere with some great food and drinks.

THE ANGEL INN The Angel Inn offers an English-style pub, quaint dining room and historic accommodations. Fun fact: The Inn is said to be haunted.

+DID YOU KNOW? During the War of 1812, the capitol was moved to York (later renamed to Toronto) so that it would be farther from the areas of combat.

NEWPHASE COMINGSOON!

HISTORICAL CHARM. MODERN LIVING. The charming and highly coveted village of Chippawa, Niagara Falls offers the ultimate Niagara lifestyle — blending old world charm with modern day amenities. Create your dream family home with Mountainview’s award-winning craftsmanship and stunning home design at Lyon’s Creek!

REGISTERNOW! LICK

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HOT PROPERTIES

Find your next home! This page features a few of the latest properties to keep your eye on in Southwestern Ontario. Find more properties at nexthome.ca

LATEST LISTINGS

SWO PREVIEW REGISTRATION

9. LIFE

1. 140 CALEDONIA

10. LINCOLN ESTATES

By: The Tricar Group City: Stratford Housing type: Four-storey boutique style condominiums tricar.com

2. AQUAZUL By: Homes by DeSantis City: Grimsby Housing type: Condominium suites aquazulcondo.ca

3. AVALON By: Empire Communities City: Caledonia Housing type: Townhomes and detached homes empireavalon.com

4. BRANT WEST By: Losani Homes City: Brantford Housing type: Towns and singles brantwest.com

By: Branthaven Homes City: Winona Housing type: Luxury townhomes branthaven.com

By: Losani Homes City: Paris Housing type: Townhomes and singles losanihomes.com

11. ON THE RIDGE By: Rosehaven Homes & Homes by DeSantis Location: Stoney Creek Housing type: Freehold townhomes liveontheridge.ca

12. ONE TWENTY CONDOMINIUMS By: Mountainview Homes City: Fonthill Housing type: Condominiums mountainview.com

13. PASSAGES ON THE CANAL By: Bayview-Wellington Homes City: Welland Housing type: Luxury freehold townhomes on the Canal mypassages.ca

5. CLAIR MEADOWS By: Gatto Homes City: Guelph Housing type: Towns and singles gattohomesinc.com

14. SAPPHIRE

6. FOCUS TOWNS

15. STEPPING STONES

By: New Horizon City: Brantford Housing type: Townhomes focustowns.ca

TELEVISION CITY BY LAMB DEV. CORP. 88 NextHome.ca | SWO 88 NextHome.ca

By: New Horizon City: Stoney Creek Housing type: Waterfront condominiums sapphirecondos.ca

By: Phelps Homes City: Smithville Housing type: Two-storey townhomes phelpshomes.com

7. FOOTHILLS OF WINONA

16. SUMMERLEA WOODS

By: DiCenzo Homes City: Winona Housing type: Townhomes, semis and singles dicenzohomes.ca

By: Empire Communities City: Binbrook Housing type: Townhomes and detached homes summerleawoods.com

8. GRANGE HILL POINT

17. TELEVISION CITY

By: Reid’s Heritage Homes City: Guelph Housing type: 1- and 2-bedroom condos reidsheritagehomes.com

By: Lamb Development Corporation City: Hamilton Housing type: Condominium suites televisioncity.ca

18. THE GATSBY By: New Horizon City: Hamilton Housing type: Condominium suites gatsbycondos.ca

19. THE MCKENZIE By: Losani Homes City: Caledonia Housing type: Towns and singles mckenziecaledonia.ca

20. THE PENINSULA By: Losani Homes City: Paris Housing type: Towns, semis and singles parispeninsula.com

21. TREND LIVING By: New Horizon City: Waterdown Housing type: Modern condo suites trendliving.ca

22. TIFFANY HILL By: Rosehaven Homes & Chiaravalle Developments Location: Ancaster Housing type: Freehold towns, semis and detached homes tiffanyhill.ca

23. VICTORIA ON THE RIVER By: Stonecrest Homes City: London Housing type: Single-family homes stonecresthomes.ca

24. VISTA CONDOS By: VanKleef Development Group City: Hamilton Housing type: Condominium suites vistaoncharlton.ca

WILDFLOWERS

27. WILDFLOWERS

33. FOX FIELD

By: Mattamy Homes City: Kitchener Housing type: Townhomes and 30and 36-ft. detached homes. mattamyhomes.com

By: Fusion Homes City: London Housing type: Single-family homes from $482,900 fusionhomes.com

NEW OPENINGS

& RELEASES 28. AFFINITY CONDOMINIUMS By: Rosehaven Homes Location: Aldershot, Burlington Housing type: Condominium suites affinitycondo.com

29. BALDWIN PLACE By: Tillsonburg Developments City: Tillsonburg Housing type: Detached freehold bungalows baldwinplace.ca

30. CASTLE ROCK PLACE By: Rembrandt Homes City: London Housing type: Condo townhomes rembrandt-homes.ca

By: Losani Homes City: Beamsville Housing type: Towns and singles myvistaridge.ca

26. WESTWOOD MEWS

32. ELEMENTS

By: CountryGreen Homes City: Kitchener Housing type: Urban townhomes countrygreenhomes.com

By: Mountainview Homes City: St. Catharines Housing type: Luxury one- and two-bedroom luxury condos elementscondo.com

+

By: Senator Homes City: Woodstock Housing type: New release of 42and 50-ft. singles senatorhomes.com

35. STATIONWEST By: Adi Developments Location: Burlington Housing type: Three-storey townhomes adidevelopments.com

36. THE ENCLAVES OF UPPER CANADA By: Menkes City: Georgetown Housing type: New release of sngle-detached homes on 40-ft. lots menkes.ca

37. THE PRESERVE By: Mattamy Homes City: Oakville Housing type: Townhomes mattamyhomes.com

31. CLAIRITY By: Reid’s Heritage Homes City: Guelph Housing type: One- and two-bedroom condominiums reidsheritagehomes.com

25. VISTA RIDGE

34. HAVELOCK CORNERS

38. THE WEST By: Adi Developments Location: Burlington Housing type: Luxury boutique condos adidevelopments.com

BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, PLEASE EMAIL LYDIA.MCNUTT@YPNEXTHOME.CA

AUG 5 - SEPT 2, 2017 89

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DOWNLOAD THE APP AUG 5 - SEPT 2, 2017 91

THE LAST WORD

Q&A WITH

BRAD LAMB DEVELOPER, LAMB DEVELOPMENT CORP.

BY LYDIA MCNUTT

NEXTHOME chats with “Condo King” Brad Lamb about the GTA’s hot housing market, the province’s plans to cool it down, and the next “it” area in the Greater Golden Horseshoe.

NEXTHOME: Do you agree that Toronto home prices have gotten out

of control?

NH: Ontario’s Fair Housing Plan: good or bad news, and why?

BRAD LAMB: I don’t believe that Toronto home prices have gotten

BL: Ontario’s Fair Housing plan is

out of control. We had a blip during October 2016 to April 2017 where prices rose 30 per cent. I think Toronto prices are lower than the value that they offer vis-à-vis other cities across the globe. Toronto is a top three “best city to live” in the world. We won’t likely see that same jump for a significant time, but on the whole, prices will continue to rise.

very bad news for the province.

First, the rent control legislation is going to discourage investors from buying condominiums to rent, because the new rules are

92 NextHome.ca

The 15-per-cent investor tax is a wrong-headed tax...

The overall marketplace sub-$2 million is probably less than 3.5 per cent foreign buyer, which is nothing.

It’s ludicrous to create a tax policy to attack 3.5 per cent of transactions.

significantly more onerous. It will also greatly discourage purpose-built apartment investors from committing the huge amounts of money and risk required to build an empty building and then wait for it to fill up over time. Condominium rents in Toronto will likely rise 20 per cent over the next two years as a direct result of this legislation. So in the end, with significantly higher rents, perhaps new apartment construction will start again, but not for the reasons that Queen’s Park wanted.

The 15-per-cent investor tax is a wrong-headed tax. It has been shown that 4.7 per cent of transactions measured over a reasonable test period were foreign-buyer related.

This is an insignificant percentage.

The highest concentration is in Richmond Hill and Markham, where there are significant Chinese populations. Foreign investors would also be more highly concentrated above the $2-million mark. The overall marketplace sub-$2 million is probably less than 3.5 per cent foreign buyer, which is nothing. It’s ludicrous to create a tax policy to attack 3.5 per cent of transactions.

More importantly, I think that this tax will do little in the mediumand long-term to slow down price growth in the resale market.

Foreign investors are more active in the buying of [pre-construction] new condo development. This marketplace is more risky for buyers, as it is a five- to six-year wait for a completed unit and a substantial down payment of 15 to 35 per cent is

required. There is risk that the project won’t proceed, as developers need to sell 70 per cent of the inventory before they can get financing to start construction. Without foreign investors, the industry is at risk.

This industry is a huge contributor to this city in terms of economic development and a 13.2-per-cent contribution to Ontario gross domestic product. This industry provides the bodies on the street to fill the cafes, restaurants, bars and retail stores, in addition to providing employees for the five million plus sq. ft. of new office space that has been created downtown over the last few years. New condominiums provide rental housing for people who can’t afford to buy, and for those who can’t find suitable accommodations in the dated, purpose-built apartment market. A vacancy tax is just silly – there aren’t many vacant apartments or houses in Toronto; it is purely political posturing for the sake of garnering votes in the next election.

NH: Hamilton’s reputation has

changed dramatically in the last couple of years. When did you predict it as the next hot bed for real estate?

BL: I’ve been visiting Hamilton on

and off for the last 15 or 20 years to monitor its development. Less and less of Hamilton’s economy is based in the industrial sector, and more is in education, medicine, services and technology. Downtown is flourishing,

renovations are everywhere, [and] I am seeing new housing, new condominium projects, new retail and a complete change in the look of streets. This is the kind of thing [developers] look for when we go into a new city.

NH: What else do you look for when

choosing the next “it” area for new development?

BL: To date, I’ve worked in Montreal, Ottawa, Hamilton, Edmonton, Calgary and Toronto. One of the most important things is that the population of the city is [large] enough to support a highrise condominium marketplace, and that equates to prices in the $600-persq.-ft. range. The cities that we’re active in are cities that can support that number. I also look for an active nightlife, vibrant bar/restaurant scene, an exciting retail scene. I like to see people going out and spending money.

NH: You have a new condo project coming to Edmonton, which is starting to see signs of recovery.

What are the challenges of developing in a “down” market?

BL: Development is always a challenging industry in any city.

All cities suffer demand setbacks, regardless of national recessions, so slowdowns are a reality.

The key to survival is patience, hard work and a super positive outlook on life.

AUG 5 - SEPT 2, 2017 93

INDEX OF ADVERTISERS Andrin Homes - Corporate

58-59

Andrin Homes - Hillsborough

65

Bayview Wellington Homes - Alcona Shores

68

Bayview Wellington Homes - Passages

Biddington Homes - Vita On The Lake

Branthaven Homes - Corporate

Concord Adex - Canada House Condos

Cresford Development Corp. - Corporate

84-85

BC

Madison Group - Frenchman’s Bay

44-45

Madison Group - Nobu Toronto

29

Mattamy Homes - Vita On The Lake

BC

Menkes Developments Inc. - Corporate

Insert

Menkes Developments Inc. - Fleur

Insert

78-79 Mountainview Homes - Lyons Creek

87

Parallax Development Corporation - Royal Q

63

20-21

96 & IBC Parallax Development Corporation - Theory Condominium

Diam Developments - Radiance Towns

ELAD Canada - The Point

ELM Developments - Georgian Sands

Fieldgate Homes - Corporate

66

5

Homes By Desantis - Aquazul

13

60-61

Lamb Development Corp. - Bauhaus

35

Lamb Development Corp. - Televison City

37

94 NextHome.ca

Pemberton Group - GO.2

Insert

Pemberton Group - Time and Space Condominiums

9

Pemberton Group - Yonge Parc 2

8

Pinnacle International - Cypress

3

Plaza - Musee

7

25

Great Gulf - Trafalgar Landing

Madison Group - Cornell Rouge

Insert

69

4

Losani Homes - Vista Ridge

Pemberton Group - Corporate 41

Great Gulf - Corporate

Lakeview Homes - Adena Views

6

2 & 81

67

Rosehaven Homes - Corporate

The Daniels Corporation - DuEast

The Daniels Corporation - Wesley Tower

Treasure Hill Homes - Trendi Towns in Markham

Tridel Corporation - Bianca

39

Insert & 49

15

30-31

IFC

WHAT’S ONLINE

TRENDING NOW THE LATEST REAL ESTATE NEWS FROM ACROSS CANADA

MAKING SENSE OF RISING INTEREST RATES HOW WILL THEY AFFECT YOU?

RISKS AND REWARDS OF A PRE-CONSTRUCTION PURCHASE

nexthome.ca/rising-interest-rates

nexthome.ca/buying-pre-construction

QUESTIONS TO ASK YOURSELF ABOUT BUYING BRAND NEW

THESE ARE THE TOP PLACES TO INVEST IN ONTARIO

nexthome.ca/buying-brand-new

nexthome.ca/where-to-invest

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