GTA New Condo Guide - Jan 20, 2018

GREATER GOLDEN HORSESHOE EDITION

JAN 20 - FEB 3, 2018 | nexthome.ca

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

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THINGS YOU NEED TO KNOW

ABOUT CANADIAN REAL ESTATE IN 2018

JAN 20 - FEB 3, 2018

INSIDE:

HOSTESS HACKS WITH JANETTE EWEN

A NEW VOICE FOR THE BUILDING INDUSTRY

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2018-01-11 5:07 PM

BUY IN BEAMSVILLE Purchase before January 31, 2018 & receive $5,000 Décor Dollars Plus be entered to win $10,000 Bonus Décor Dollars!

Towns from the low $400’s Singles from the low $600’s

LosaniHomes.com Speak to a Sales Representative for details.

life illuminated.

Introducing Lumina at Emerald City.

A beacon of elegance in the Fairview Mall Community.

CONDOMI N IUMS FROM THE HIGH $300s REGISTER AT EMERALDCITYLIFE.CA 416.492.0001

Exclusive Listing: Baker Real Estate Incorporated Brokerage. BROKERS PROTECTED. The rendering is an artist’s impression only. Certain design elements are subject to change without notice. The rendering includes a commercial component which is not a part of the condominium.

MOV E IN NEXT YEAR

A REGA L V I E W FROM YOU R OWN ROOF TOP TERR ACE.

MODERN TOWNHOMES T H E Q U E E N S WAY & ROYA L YO R K R D.

Contemporary design and luxury comes to The Queensway in this signature collection of Modern Towns. Each home features smartly planned interiors, a private rooftop terrace, underground parking and access to a beautifully landscaped courtyard.

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Prices and specifications are subject to change without notice. Rendering is artist’s concept. E.&O.E.

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SKYSPA ON 68TH FLOOR

SKYLOUNGE ON 79TH FLOOR

ICONIC. TIMELESS. CANADIAN. SKYGYM ON 68TH FLOOR

SKYLOUNGE ON 79TH FLOOR

WINE LOCKERS

INDOOR SWIMMING POOL & LOUNGE

PREMIUM HEATED BALCONY IN EVERY SUITE

SKATING RINK IN WINTER, REFLECTIVE POND IN SUMMER

OOR

UNGE

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Illuminated maple leaf adorned towers, iconic features like a Rideau Canal inspired skating rink, the luxury of four-season outdoor living spaces and the highest residential amenity in Canada to take in the spectacular views whenever you wish – Concord Canada House is a magnificent celebration of Canada, and is destined to become an iconic and timeless landmark.

CONCORDCANADAHOUSE.CA

| 416.813.0999

The developer reserves the right to make modifications, substitutions, sizes, colours, materials, features, finishes and other specifications without prior notice. Illustrations and renderings are artist’s impressions.

This is not an offering for sale, and any of such can only be made with the applicable offer to purchase and agreement of sale. E&OE.

JAN 20 – FEB 3, 2018 | VOLUME 26 ISSUE 02

20 ON THE COVER:

5 things to know ABOUT CANADIAN REAL ESTATE IN 2018

10 NextHome.ca

PHOTO: RANDY BARBA

CONTENTS

44 INSPIRATION: DESIGNER TIFFANY PRATT TRANSFORMS CAFE CANCAN

PROPERTY PROFILES

ADVICE

INSPIRATION

22 Pemberton Group

16 BILD Report

46 Entertainment File

Making the Greater Toronto Area even greater

32 Mattamy Homes Welcome to Mattamy’s Just in Time Event

TRENDING

26 Menkes Breaking ground at 100 Queens Quay East

40 Market News GTA’s new-home market slows in November, prices remain high

54 Dundee Kilmer Receives Global Award of Excellence for Canary District

55 City Guide Best deals for Winterlicious 2018 in Toronto

64 Events Four budget-friendly restaurants for any celebration

68 News

A new voice for the home building industry

BY DAVE WILKES

18 Fundamentally Speaking

How do Development Charges affect you?

BY WAYNE KARL

24 Condo Pro What do you get when you buy a condo?

BY BARBARA LAWLOR

30 The Condo Board Airbnb: Tool of convenience or bone of contention?

BY JEANHY SHIM

Hostess hacks from Designer Janette Ewan

48 Colour File It’s all about colour: This season’s colour pallette

50 Shop Talk Addison’s Inc.: Antiques and more

THE LAST WORD

76 Q&A Randy Barba, Humber Bay Shores Ratepayers and Residents Association

IN EVERY ISSUE

12 Editor’s Note

34 Stat Chat New-home buyers are looking beyond Toronto

BY BEN MYERS

52 Legally Speaking What happens when your financing falls through?

BY JAYSON SCHWARZ

56 Hot Properties GTA 70 Hot Properties SWO 78 Advertiser Index 80 What’s Online

Prepping your home for winter’s chill; Canadian housing starts

NEIGHBOURHOOD PROFILES:

38 Mimico

60 Dickson Hill JAN 20 - FEB 3, 2018 11

EDITOR’S NOTE

CIVIC ENGAGEMENT YOU DETERMINE YOUR LEVEL OF INVOLVEMENT

WAYNE KARL MANAGING EDITOR NextHome

When buying a new home, you’re faced with exciting choices – from location, type and size of property, to colours and finishes, inside and out.

But you also have a unique opportunity, and one that could have just as much impact on the potential enjoyment of your new home – becoming active and involved in your community.

We’re not talking about heading up the local Lion’s Club or running for municipal office – admirable pursuits, to be sure. But rather, something much more direct. In the context of a condominium, you could join the condo board (see page 30), an important body charged with overseeing operations of your building. And in the context of a broader new home community, you could take part in any residents’ association there may be, or start one (page 76), if common interests and needs warrant.

Such civic engagement, while not for everyone, can do more than just give you a voice and some control as a homebuyer and homeowner. It promotes open dialogue and discussion among the various parties – and we would hope, better understanding, of any issues and opportunities.

And isn’t that where real community building begins?

It’s all about colour!

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

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The Q&A 76

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+ get social 12 NextHome.ca

Interact with us on social media: nexthome

y me Communit o h n w o T w e N test Selling ARTSUITES M Hamilton’s Fas S • n o ti a c o • Smart L Smart Value e LO W $ s th m o fr d e n ig s e D y Smartl

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NOW OPEN • 80% SOLD DON’T MISS OUT!

A NEW VISION ARISES FROM THE MYST OF LAKE ONTARIO This is life MY way. Smartly designed Terrace, Garden and Village Towns, just steps to the shores of Lake Ontario in Stoney Creek. Located at Lakeview Drive and Fruitland Road, close to all of the things that make MY life easy.

Myst. Urban Towns By The Lake.

Easy access to the Stoney Creek Confederation Station (at Centennial Parkway) slated for completion 2019.

LAKE ONTARIO SALES CENTRE 461 GREEN RD.

SERV

ICE R D

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QEW

NORTH

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SITE ICE R D.

FRUIT LAND RD.

SOUTH

QEW

PRESENTATION CENTRE 461 Green Rd., Stoney Creek Mon-Thu: 1pm-7pm Fri: By Appointment Only Sat-Sun: 12pm-5pm Phone: (905) 930-7446 Email: Myst@homesbydesantis.com

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 Myst. E.&O.E.

CONTRIBUTORS

BILD REPORT | DAVE WILKES

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

VICE-PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF CONTENT & EDITOR-IN-CHIEF

Jennifer Reynolds DIRECTOR, MULTIMEDIA SOLUTIONS

Nora Wallace ASSOCIATE PUBLISHER

STAT CHAT | BEN MYERS

Ben Myers is president of Bullpen Research & Consulting, a boutique real estate firm that advises land owners, developers and lenders on housing market conditions that can impact their development projects. Follow Bullpen on Twitter at @BullpenConsult or visit bullpenconsulting.ca

Anne-Marie Breen MANAGING EDITOR

Wayne Karl ART DIRECTOR

Daiana Garay CONTRIBUTING EDITORS

Sonia Bell Sara Duck Marlene Eisner

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.

SENIOR ACCOUNT EXECUTIVE

Nina Downs nina.downs@nexthome.ca MEDIA CONSULTANT

Maris Langer maris.langer@nexthome.ca MEDIA CONSULTANT

Rose Anne Bonanno roseanne.bonanno@nexthome.ca

THE CONDO BOARD | JEANHY SHIM

Jeanhy Shim is an independent real estate market strategist and analyst with more than 25 years of experience in city building, specializing in urban development. Jeanhy has also served on the board of directors of two condominium corporations.

SALES & MARKETING CO-ORDINATOR

Terry Bassett SENIOR MANAGER, DISTRIBUTION

Dwayne Rutherford NATIONAL CIRCULATION MANAGER

John Jenkins PRODUCTION MANAGER

Anthony Majetic

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.

PRODUCTION CO-ORDINATOR

Sandra Hanak-Vujnovic GRAPHIC DESIGNERS

Sandra Hanak-Vujnovic, Mike Terentiev, Miguel Cea Published by

A brand of Yellow Pages Homes Ltd.

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.

INSPIRATION | SARA DUCK

With more than a decade of experience in the magazine world, Sara Duck brings her passion for writing and expert eye for what’s on trend to our pages.

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 2018 All rights reserved by Yellow Pages Homes Ltd. 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: Please send to wayne.karl@nexthome.ca

Social / Toronto

We call it Pemberton.

GO.2 Condominiums / Maple

Social / Toronto

Era at Yonge / Richmond Hill

Mills Square / Mississauga

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

Current Communities

Coming Soon

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

80634_Pemberton-NextHome-GF-0120_FINAL.indd 2

2018-01-09 2:43 PM

the dawn of a new

ERA in richmond hil l

You call it a new year’s resolution.

COMING SOON TO YONGE AND SEVEN

COMING SOON TO YONGE AND SEVEN

A NEW ERA IN CONDOMINIUM LIVING REGISTER TODAY AT PEMBERTONGROUP.COM

Exclusive Listing Brokerage, Milborne Group. Brokers Protected. Prices and specifications are subject to change without notice. Illustration is artist’s concept. E.&O.E.

80634_Pemberton-NextHome-GF-0120_FINAL.indd 1

RHTC 53644 Condo Guide Ad Coming Soon Issue FA.indd 1

2018-01-09 2:43 PM 11/14/17 9:54 AM

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, Suite 1016, 416.551.9449

ADVICE | BILD REPORT

A NEW VOICE FOR THE BUILDING INDUSTRY

DAVE WILKES

As I sit in a cafe in downtown Toronto, I am in awe of the development and growth that makes the GTA one of the most vibrant and dynamic regions in North America. I am struck not only by the economic activity that is taking place, but the realization that our members are providing a place for people to call home.

There is no doubt that our industry is an important economic engine of growth. More than 197,000 people are employed in the new home construction, renovation and repair industry in the GTA. The industry generates $11.4 billion in wages and brings $30 billion in investment value to the area.

However, the economic importance of our industry is only part of the story and part of the reason I am excited to join BILD. The societal contributions of the industry are also striking; ensuring that neighbourhoods and communities are places that people can live in and call home is a tremendous responsibility. The purchase of a new dwelling or engaging in a home renovation is a special time in one’s life. It is both a financial and an emotional investment.

I’m very proud to be leading the building, development and professional renovation industry.

It is made up of hard-working professionals. There is a culture 16 NextHome.ca

and a passion that runs deep throughout our industry and I look forward to contributing to it.

This will be a busy year. We are a few months away from a provincial election and then municipal elections in the fall.

During this time, BILD will share its ideas and thoughts with you and those seeking public office. We will discuss how we can work with our elected representatives to ensure that consumers have a wide range of choices when they invest in a new home and that decisions are made to ensure housing remains affordable across the GTA. Over the course of the year, we will continue to work closely with stakeholders and partner associations to demonstrate to provincial, regional and municipal governments the impact that new pieces of legislation and regulation have on customers. We will also share ideas and recommendations

on solutions that help achieve both government and industry goals on behalf of the people of the Greater Toronto region.

I look forward to continuing to share BILD’s view on the current and future state of our industry through this column. I am very proud to be representing this great industry and I plan to work with our members to deliver on our societal and economic responsibilities.

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

+MORE ADVICE ONLINE nexthome.ca/news/advice

GTA

IN THIS SECTION

SHOWCASING NEW PROJECTS IN THE GTA

GREATER TORONTO AREA

NEIGHBOURHOOD PROFILE: MIMICO

MAPS & LISTINGS OF NEW COMMUNITIES

JAN 20 - FEB 3, 2018  17

ADVICE | FUNDAMENTALLY SPEAKING

DEVELOPMENT CHARGES IT’S WORTH LOOKING INTO WHAT DCs ARE AND HOW THEY AFFECT YOU

WAYNE KARL

Most people wouldn’t know a Development Charge if it popped up on their credit card statement.

But these days, with countless discussion and billions of dollars being spent on transit and highway infrastructure, park land, bike lanes and just about everything in between, you can count on this: You are helping pay for it all, one way or another.

And when it comes to buying a newly built home, invariably, part of the price includes – but does not spell out – the costs for such essentials.

Welcome to the mysterious world of Development Charges.

If you’re totally unfamiliar with the term, it’s long been a contentious issue facing home builders – and therefore buyers – not just in the Greater Golden Horseshoe but across the country.

In short, Development Charges are the fees applied by various levels of government when new homes are built, to pay for new infrastructure such as roads, transit, water and sewers, community centres and fire and police facilities. DCs are collected from developers at the time a building permit is issued.

Simple enough, right? But what’s a little more complex is that 18 NextHome.ca | GTA

these fees are rising exponentially, have been for years, and they’re occupying an increasingly high portion of new-home costs.

And they’re passed right on to you, the homebuyer.

The City of Toronto is doing its part to help educate residents and businesses by inviting them to learn more about and provide input on the City’s DC bylaw review, including the proposed rates and related bylaw policies.

The City is hosting two public consultation sessions this month, as well as a statutory public meeting at Executive Committee on Jan. 24.

Most municipalities in Ontario use Development Charges to recover the cost of providing infrastructure to service new

development, rather than recovering the costs from existing residents and businesses in the form of higher property taxes.

Toronto is reviewing its Development Charges bylaw, and has released a background study and the proposed bylaw for consultation. The background study determines the maximum DC rates the City can levy under the provincial Development Charges Act. If, as a prospective new-home buyer or even just a concerned resident, you’re interested in better understanding this complex subject, now’s your chance.

You can visit toronto.ca/ devcharges or register to speak at Executive Committee at exc@toronto.ca Or, like your reaction when you see a mysterious line item appear on your credit card statement, you can wait until after the fact, when it might be too late.

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@nexthome.ca or follow him on Twitter at Twitter.com/ WayneKarl

+MORE ADVICE ONLINE nexthome.ca/news/advice

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Actual exteriors and views may be noticeably different than what is depicted in photographs and renderings. The developer reserves the right to make modifications, and other specifications without prior notification.

Renderings are initial concepts by rendering artists, details are governed by the applicable offer to purchase and agreement of sale, and disclosure statement. This is not an offering for sale.

Any such offering can only be made with the applicable offer to purchase and agreement of sale, and disclosure statement. Prices and terms are subject to change without notice. E. & O.E.

COVER STORY

2| THE STRESS TEST It will be more difficult to become a homeowner this year. As of Jan. 1, borrowers with uninsured mortgages (those putting a down payment of 20 per cent or more) need to undergo a stress test. They must qualify at a new minimum rate – the greater of the Bank of Canada’s five-year benchmark rate of 4.99 per cent, or 200 basis points higher than their mortgage rate.

These new rules could reduce your purchasing power substantially.

At the qualifying rate of 4.99 per cent, a 20-per-cent down payment and 25-year amortization, here are the ballpark numbers you’re looking at to buy a home in these major Canadian markets:

5 THINGS

YOU NEED TO KNOW ABOUT CANADIAN REAL ESTATE IN 2018

by WAYNE KARL

PHOTO BY RANDY BARBA

1| MORE LOCAL THAN EVER First, there’s no such thing as a Canadian real estate market. You buy one home on one street in one neighbourhood in one city. This is true now more than ever.

What happens in Canada’s largest and hottest housing markets, Toronto and Vancouver, respectively, is quite different from that in, say, recovering areas such as Calgary and Edmonton.

“Monthly momentum for national home sales activity gained strength late last year, and further expected economic and job growth will buoy sales activity this year despite slightly higher expected interest rates,” Canadian Real Estate Association President Andrew Peck said on Jan. 15 in releasing CREA’s stats for December 2017. “Even so, momentum for home sales differs depending on location and type.”

Indeed, it does.

“While activity remained below year-ago levels in the GTA, the decline there was more than offset by some sizeable year-over-year gains in the Lower Mainland of British Columbia, Vancouver Island, Calgary, Edmonton, Ottawa and Montreal.”

Then there’s prices. The national average price climbed just 0.04 per cent in December from the previous month, but it declined 1.42 per cent in Oakville-Milton.

Looking at a longer-term trend is also important. Using the same Oakville-Milton example, prices were up 58 per cent in December from five years ago, while in Ottawa they’re up just 12.54 per cent, and in Saskatoon, they’re down 3.18 per cent.

20 NextHome.ca | GTA

Vancouver Home price: $1.09 million Minimum household income: $172,030 Down payment: $218,536 Calgary Home price: $487,931 Minimum household income: $83,167 Down payment: $97,586 Edmonton Home price: $383,308 Minimum household income: $66,602 Down payment: $76,660 Toronto Home price: $833,767 Minimum household income: $146,333 Down payment: $166,753 Ottawa Home price: $407,580 Minimum household income: $77,460 Down payment: 81,516

3| RISING INTEREST RATES It will also be more expensive to borrow money in 2018.

At least one mortgage expert, Calum Ross of the Mortgage Management Group, Toronto, began calling for fixed mortgage rates to begin to rise in early January, based on higher than expected Canadian employment data and other factors.

Sure enough, as of Jan. 15, at least three of Canada’s big banks had raised their benchmark fiveyear mortgage rates. More lenders are likely to follow suit, and some experts expected the Bank of Canada to increase its overnight rate target in its latest interest rate announcement and Monetary Policy Report on Jan. 17.

Canada Mortgage and Housing Corp., for one, expects mortgage rates to rise modestly from now to 2019. The posted five-year mortgage rate is expected to lie between 4.9 and 5.7 per cent in 2018, and between 5.2 and 6.2 per cent in 2019, CMHC says.

Despite these increases, mortgage rates are expected to remain below levels observed prior to the Great Recession.

4| SUSTAINABLE GROWTH Even in formerly scorching markets such as Toronto and Vancouver, sales are softening and price growth is slowing. For prospective homebuyers sitting on the sidelines waiting for your opportunity, this may be it.

After routine, double-digit price growth in many markets in Ontario and BC over the last few years, appreciation is expected to return to more sustainable levels this year. In its 2018 housing market outlook, ReMax forecasts price growth to be flat in the GTA (compared to 14-per-cent growth from 2016-17), five per cent in the Fraser Valley (11 per cent in 2016-17), and a decline of five per

cent in Victoria (versus 11-per-cent growth in 2016-17).

In some markets, however, the slowdown may be short lived. In Mississauga, for example, ReMax is calling for a 2.5-per-cent drop in average prices this year, compared to 16-per-cent growth in 2017.

“Mississauga saw significant price growth in the first few months of 2017, in advance of the Fair Housing Plan,” says Christopher Alexander, executive vice-president and regional director, ReMax Integra OntarioAtlantic Canada region.

“This appreciation is not something that can be sustained, and we are seeing fewer affordable options for detached houses, which continues to drive buyers further west. We expect to see a wait-and-see response in the early part of the year. The price forecast for Mississauga is a 2.5-per-cent decline, but this will be temporary, with a return to current price levels by year-end or early in 2019.”

Is 2018 likely to be much different? Doubtful.

In its latest Housing Trends and Affordability Report, RBC Economics says overall Canadian housing affordability, for the third quarter of 2017, hit its worst level since the end of 1990.

This means condos could remain king. But, as we stress in the No. 1 thing you need to know about Canadian real estate in 2018, there may be affordable lowrise options in your local market.

5| YEAR OF THE CONDO 2.0 One of Canada’s other large realty authorities, Royal LePage, declared 2017 as the “year of the condo.”

Limited supply and worsening affordability challenges in lowrise homes, particularly in Toronto and Vancouver, have made condominiums an increasingly popular housing choice.

The price of a home in Canada increased 10.8 per cent year-overyear to $626,042 in the fourth quarter of 2017, according to Royal LePage’s National House Price Composite. The median price of two-storey homes rose 11.1 per cent year-over-year to $741,924, while bungalows climbed 7.1 per cent to $522,963.

Condos, meanwhile, appreciated in price faster than any other housing type, rising 14.3 per cent to $420,823 on a year-overyear basis.

JAN 20 - FEB 3, 2018 21

PROPERTY PROFILE

Family-friendly suites are a hallmark of GO.2

PEMBERTON GROUP MAKING THE GREATER TORONTO AREA EVEN GREATER When searching for the next place you want to call home, it’s important to choose a builder with a solid reputation for delivering everything your new home should be.

Ask yourself these questions: Is the condominium community you’re considering situated in a desirable transit-friendly location with existing local amenities? Will the community’s onsite indoor and outdoor amenities meet your needs? Are the building and suites well-designed and include top-notch features and finishes 22 NextHome.ca | GTA

that translate to lasting value?

Is the builder well-known for its customer service?

Pemberton Group offers all this and more. In fact, Pemberton was named the 2017 Greater Toronto Area’s top-selling highrise builder

by Altus Group - a leading provider of independent advisory services.

ACT NOW

Take advantage of preconstruction prices at GO.2 Condominiums. Located in the historic Village of Maple, adjacent

to the Maple GO station, GO.2 is seconds from Eagles Nest Golf Course, and a half-hour train ride to Union Station. Residents can access the GO Transit Barrie rail line, GO Transit buses, York Region Transit and the Toronto Transit Commission. Hwys. 400 and 407 are also only minutes away.

On-site amenities include an indoor/outdoor fitness centre with men’s and women’s change rooms; yoga studio; indoor/ outdoor party room with catering kitchen and bar; rooftop terrace

+

LOCATION Across the GTA BUILDER Pemberton Group

The outdoor terrace at Era at Yonge

DEVELOPMENTS Social at Church + Dundas GO.2 Mills Square Era at Yonge 9th & Main HOME TYPE Highrise condominiums, midrise suites and townhomes CONTACT pembertongroup.com

The party room at Social at Church + Dundas

with lounge and barbecues; ground floor patio with barbecues; and a dog wash.

Available GO.2 suites are priced from mid-$300s. The single twostorey, three-bedroom plus den townhome available is priced at $903,900. Call 905.553.1430.

In Mississauga, the final 885-sq.ft. two-bedroom plus den suite available at Mills Square is priced at $536,990. Located at Erin Mills Parkway and Erin Centre Boulevard, across from Erin Mills Town Centre, residents will enjoy a two-storey onsite rec centre, totaling more than 17,000 sq. ft. By appointment only; call 905.326.4100.

Prices and specifications are correct at press time. See a sales representative for full details.

COMING SOON

Social at Church + Dundas boasts 100/100 transit and bike scores, along with a near-perfect walk score. The community is close to Yonge-Dundas Square, Ryerson University, Eaton Centre and the multitude of shopping, restaurants and cafes and entertainment venues in the surrounding area.

Social will be home to two storeys of onsite amenities, including the health and wellness facilities on the fifth floor, and the entertainment and mingling options found in The Social Club on the 52nd floor. Call 416.419.9553.

Era at Yonge will bring a new dimension in urban living to Yonge and Hwy. 7 in Richmond Hill’s amenity-rich and transportation-

friendly City Centre. Residents will live adjacent to the York Region Transit Hub, offering commuters easy GO train and GO bus service, and will be able to walk to local shopping, dining and entertainment venues.

Highlights of Era’s onsite indoor and outdoor amenities include a landscaped terrace with lounge-style seating, a fireplace, barbecues and dining areas; a well-equipped fitness centre and yoga studio; a party room; pool; and games room.

Register now for 9th & Main – luxury condos and towns coming to a ravine location in Stouffville.

And watch for more Pemberton communities coming this year to Erin Mills in Mississauga, downtown Toronto and Yonge and Eglinton.

To register and subscribe to learn more about all of Pemberton’s many fine condominium communities, visit pembertongroup.com. You can also follow the company on Facebook, Twitter, Instagram and YouTube.

JAN 20 - FEB 3, 2018 23

ADVICE | CONDO PRO

WHAT DO YOU GET WHEN YOU BUY A CONDO?

BARBARA LAWLOR

With the explosion of condominium interest in the Greater Toronto Area, there’s no shortage of news coverage about this unique form of ownership. A question we often hear in sales offices is, “What do I actually own when I buy a suite in a highrise building?”

The answer is that you own your suite and the exclusive use of the balcony or terrace, if the design includes one. Unit owners have the same rights as lowrise owners in the sense that you can mortgage your home, sell it or lease it.

In addition, you own a percentage interest of all the common elements in the building such as the amenity spaces and lobby. Your maintenance fee is calculated from the square footage of your suite. You share the exclusive use of the amenities and responsibility for their cleaning, upkeep and repair with the other residents of the building.

This is a major difference between condominium ownership and traditional lowrise ownership, for which you look after all these things yourself. A major reason for choosing condo living is to enjoy the carefree lifestyle of leaving maintenance to someone else.

That “someone else” is the condo board of directors, which hires a professional management company. The corporation sees 24 NextHome.ca | GTA

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that everything in the building is kept in tip-top shape and also administers the reserve fund, which covers any expenses incurred in the upkeep, repair, improvements and landscaping of the building as time goes on.

Of course, as a condo resident, you agree to abide by the rules and regulations set up and enforced by the condominium corporation. This helps to preserve a high quality of life for all residents and protect your investment. The set-up of the condominium corporation and condo documents is important to quality of life. This ensures consideration and co-operation in keeping the building as safe and well maintained as possible, as well as assuring that your rights as an owner are upheld.

If you have already bought a condo suite or are shopping for one, you already understand the draw of having niceties such as a party room, swimming pool, library and theatre room under your roof, without the hassle and worry

of having to take care of them.

Condominiums offer an exciting and convenient way of life. It is a glorious luxury to know that professionals are mowing your lawn, keeping the gardens watered and weeded, cleaning the lobby and amenity spaces, repairing faulty equipment and the like. The fact that these areas are being maintained for you means that you have more time to enjoy them. So, what do you get when you buy a condominium suite? A wonderful lifestyle and a solid investment!

Barbara Lawlor is president and CEO of Baker Real Estate Incorporated, winner of the pinnacle 2017 Riley Brethour Award from BILD, and an in-demand columnist and speaker. A member of the Baker team since 1993, she oversees the marketing and sales of condominium developments in the GTA and overseas. Keep current with The Baker Blog at blog.bakerrealestate.com

+MORE ADVICE ONLINE nexthome.ca/news/advice

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Limited Time Offer

10% Deposit *

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Developed by

Sales Gallery

10 Mercer Street, Toronto ON M5V 1H3 Phone: 647-350-1881 In Partnership With

Visit Us Online

NobuResidences.ca Sales Gallery *10% deposit payable within 1 year of offer date. 5% deposit due at occupancy closing. Applicable to select units.

See sales representative for details. Promotional offer is subject to change without notice. Rendering is artist’s concept.

Marketed by International Home Marketing Group. Brokers protected. E. & O.E. January 10, 2018.

TRENDING

MENKES BREAKS GROUND AT 100 QUEENS QUAY EAST There is a new office tower set to grace the city’s waterfront horizon.

A Menkes Developments Ltd. project called 100 Queens Quay East— in partnership with Greystone Managed Investments Inc. and Triovest Realty Advisors Inc. — broke ground on Jan. 11. The tower is the first phase of Sugar Wharf, a mixeduse community that will include employment, retail and residential uses, a new public elementary school and a new two-acre public park.

The Sugar Wharf community will be located on an 11.5-acre property at the northeast corner of Queens Quay East and Freeland Street, one block east of Yonge Street.

The site was purchased by the Menkes partnership group in 2016.

Currently, the Liquor Control Board of Ontario (LCBO) occupies three buildings on the property; a retail store, a four-storey office building and a warehouse facility.

The new office tower at 100 Queens Quay East will be a 25-storey building featuring approximately 690,000 sq. ft. of class AAA space. Designed by B+H Architects, the tower has been conceived with the objective of achieving the highest standards in environmental sustainability by striving for LEED Platinum certification.

“Job growth in the corporate office sector is driving healthy demand for new, high-quality office space in downtown Toronto,” says Peter Menkes, president of the commercial/industrial division of Menkes. “Over the past decade, 26 NextHome.ca | GTA

Left to right: Menkes President Low-Rise Residential Division, Steven Menkes; Ward 28 Councillor, Lucy Troisi; Menkes President High-Rise Residential Division, Alan Menkes; Toronto Mayor John Tory; Ontario MPP and Finance Minister, Charles Sousa; LCBO President and CEO, George Soleas; Menkes President, Commercial/Industrial Division, Peter Menkes; Greystone Managed Investments Managing Director and CIO, Ted Welter; Triovest CEO, Vince Brown.

we have seen companies move back into the core, where the combination of amenities and proximity to the Union Station transit hub allows them to attract and retain top talent.”

LCBO will be a major tenant in the office tower, occupying approximately 225,000 sq. ft. In addition to the new office tower, the residential component will include five condominium towers, varying in height from 64 to 90 storeys, and a midrise rental building.

A new public elementary school will also be incorporated into the community. “Our goal with Sugar Wharf is to create a multidimensional, self-sufficient, 24/7

community that meets the diverse needs of the future population who will work, live and play here,” says Alan Menkes, president, High-rise Residential Division of Menkes.

Sugar Wharf will be the largest mixed-use development on the Toronto waterfront, with between 4,000 and 4,500 people working in the community, plus a resident population ranging between 7,000 and 8,000 people upon completion. The community will be anchored by a two-acre park located on the north side of Queens Quay East, between Freeland and Cooper Streets.

Expected occupancy for the office tower is spring 2021.

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Actual photo of Frenchman’s Bay boat slips

Urban Living by the Lake Detached homes from $1.5M

Townhomes

from the low $800’s

REASONS TO LIVE AT FRENCHMAN’S BAY SHORT 37 MINUTE COMMUTE TO TORONTO VIA THE GO TRAIN Walk to the Pickering GO Station for an easy commute to Toronto.

4 MINUTE WALK TO THE MARINA

TOWNHOMES: UPGRADED STAINLESS STEEL APPLIANCES*

Fall in love with the restaurants, cafés and boutiques at Frenchman’s Bay.

Includes an oversized French door refrigerator.

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* Limited time offer, valid between November 1-30th, 2017. Prices subject to change without notice. Renderings are artist’s concept only.

Marketed By International Home Marketing Group. Brokers protected. E & O.E. November 2017.

ADVICE | THE CONDO BOARD

AIRBNB TOOL OF CONVENIENCE OR BONE OF CONTENTION?

JEANHY SHIM

For something that was originally intended to be a tool of convenience, Airbnbs – when it comes to condo operations – are more a bone of contention.

By Airbnbs, we mean units where the owner is not a full-time resident and that are operated like short-term-stay hotel rooms.

Indeed, they are a standing agenda item in some building’s monthly condo board meetings. In my own condo, monitoring for Airbnbs is a team effort that involves our property manager, front desk staff, residents and board. We check online listings regularly, and where unit numbers are not listed, view and interior photos usually provide enough clues to pinpoint the suspect units.

WHY DO WE CARE ABOUT AIRBNBS?

1. Legal responsibility Condominium boards are elected by owners to manage the “affairs of the condominium corporation” as legally defined and enshrined in the Declaration. The Declaration represents the founding documents of the corporation, detailing governance structures and procedures, by-laws, rules and regulations. This means that condominium boards are legally responsible to uphold and enforce the Declaration – always.

When it comes to leasing

condo units, most Declarations have clearly defined “minimum lease terms” - typically, six or 12 months. This means that hotelstyle Airbnbs are not permitted, and boards are therefore legally compelled to enforce this rule.

Condominium boards cannot unilaterally decide to ignore or not enforce the Declaration.

2. Increased demands on building operations and maintenance Maintenance fees are the biggest concern of condominium owners.

Budgets are established assuming operations, maintenance, repair and capital costs typical of residential building – not hotels.

This means that condominium buildings with Airbnb units would likely experience increased costs associated with higher demands on their operations (such as front desk staff time) and maintenance (cleaning and repair of common elements).

3. Some owners don’t even know Some Airbnbs are not even operated by the legally registered owners or even with their knowledge. Instead, their tenants (who sign six or 12-month leases) are actually operating their leased premises as Airbnbs for their own profit. In some cases, these “tenants” are renting several condominium units across the city and operating them all as Airbnbs.

4. Building reputation Even condominium buildings have a reputation in the marketplace, and as in most things in life, reputation matters.

SO WHAT CAN CONDOMINIUM BOARDS DO?

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• Establish clear protocols and procedures (reviewed by your condominium solicitor) to monitor, identify and deal with owners who may be operating their units as Airbnbs. This gives your team very clear directions on how to handle these situations.

• Educate your residents that Airbnbs are not permitted in your building and remind owners of their legal obligation to comply with your Declaration, including minimum lease terms.

• Involve all your residents in the security, cleanliness and smooth operations of your building by inviting participation in committees, building-wide social events and charity activities. Getting your residents to get to know each other is the key to developing an engaged community.

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SU • • •

A Jeanhy Shim is an independent real estate market strategist and analyst with more than 25 years of experience in city building in the GTA, specializing in urban development. She is President of Housing Lab Toronto, as well as the Founder of the Children’s Discovery Centre. For more than a decade, Jeanhy has also served on the board of directors of two condominium corporations, including her current building where she has been President for the past six years.

• • • • • •

+MORE ADVICE ONLINE nexthome.ca/news/advice

30 NextHome.ca | GTA

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MADI-COR-A-AD-NHC-AUG31-1.indd 1

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PROPERTY PROFILE

WELCOME TO MATTAMY’S

JUST IN TIME EVENT There are special moments in our lives that arrive just in time to create wonderful memories: A baby’s first steps and words, a new job, a family vacation that was perfect in every way, and of course, a first home or

32 NextHome.ca | GTA

the new home of your dreams.

Mattamy Homes across the GTA can help fulfill your dream with its Just in Time Event, making January a perfect time to invest in your family and enjoy

exclusive reveals.

Mattamy builds homes around the way families live, with spaces that are thoughtfully designed and communities that are planned to be well enjoyed by all who live there. And as North America’s largest privately-owned builder, the company’s vast amount of experience ensures your home is built to the highest construction standards.

Here’s where you’ll find the January Just in Time Event, making right now the perfect time to invest in your family: OPEN JAN. 13, 2018 CORNELL – MARKHAM

Only a few opportunities remain to enjoy the many advantages of life in this distinctive, stylish and highly sought after community. Cornell Condos are contemporary and well-crafted. Condo suites from just $409,990.

QUEEN’S COMMON – WHITBY

Mattamy’s highly successful Queen’s Common re-opens with a completely new selection of Townhomes and well-appointed detached homes.

There are three detached model homes to tour to clearly see why Queen’s Common is the perfect home for your family. Townhomes from $529,990, and detached homes from $629,990.

VITA & VITA TWO – ETOBICOKE

Catch the beauty of lakeshore living with stunning lake and city views. The layouts are spacious and offer continuous wrap-around balconies in either VITA or VITA TWO On The Lake. VITA condo suites are priced from $572,990; VITA TWO suites from $521,990.

OPEN JAN. 20, 2018 KLEINBURG SUMMIT – KLEINBURG

Kleinburg is a special village filled with wonderful shops and art galleries. Mattamy’s upscale Kleinburg Summit puts you right in the centre of life and is re-opening this month with a desirable selection of townhomes and detached designs. Townhomes are priced from $799,990, and detached homes from $869,990.

OPEN JAN. 27, 2018 HAWTHORNE SOUTH VILLAGE ON SIXTEEN MILE CREEK – MILTON

This is Mattamy’s most successful community and a new release of affordable townhomes and detached designs will soon be available. Many of these distinctive homes allow the opportunity to have the scenic Sixteen Mile Creek right next door.

For more information, visit mattamyhomes.com

JAN 20 - FEB 3, 2018 33

ADVICE | STAT CHAT

GO WEST, GO WEST PROSPECTIVE NEW-HOME BUYERS ARE INCREASINGLY LOOKING BEYOND TORONTO

BEN MYERS

The level of new home price inflation in the Greater Toronto Area (GTA) in 2017 was astronomical, topping 40 per cent year over year. Singlefamily housing remains the most desirable property type among young families, and many are willing to extend their commute to find the type of low-density development they want, as the communities in which they currently reside don’t have housing that fits their budget.

New housing data indicates that prospective buyers are looking west, especially in ex-urban communities such as Kitchener, Waterloo, Cambridge and Guelph.

Future new-home buyers want to live in communities with young families, new schools and plenty of young children for their kids to play with. However, you’re not seeing as much of this demographic in new-home projects in the GTA, as the average price of a new single-detached house that was completed and sold in 2017 was $1.02 million, according to CMHC. Affordability has become a big factor for first-time homebuyers.

If you’re looking in the west, the average new single-detached home completed in Oakville last year was $1.75 million and $2.26 million in Burlington! These homes are selling to first or second moveup buyers with teenaged kids.

So, young professionals looking for a single-family home have been looking in Hamilton, Dundas, Ancaster, Stoney Creek and Grimsby. CMHC data shows that the average single-detached home that was completed in 2017 in Stoney Creek and Grimsby sold for approximately $500,000, while the average priced single in Ancaster, Dundas, Flamborough and Glanbrook was slightly more than $470,000. With homes selling for $1.75 million less in Stoney Creek than in Burlington, it only makes sense that buyers are looking that way.

Keep in mind that the homes are different sizes and are situated on different lot sizes, but it’s all about the end-selling price. Developers in these communities are catering to these price-sensitive buyers, offering smaller homes on smaller lots.

How far are you willing to go to

find a new home for your family?

Unfortunately, it doesn’t get that much cheaper the further west you go – the average price of a new single-detached home that completed in 2017 in the Windsor CMA was $465,000.

Which way are you going to go in 2018 – east or west?

Ben Myers is President of Bullpen Research & Consulting, a boutique real estate advisory firm, that works with land owners, developers and lenders to better inform them of the current and future macroeconomic and site-specific housing market conditions that can impact their active or proposed development projects. Follow Bullpen on Twitter at @BullpenConsult or visit bullpenconsulting.ca

+MORE ADVICE ONLINE nexthome.ca/news/advice

34 NextHome.ca | GTA

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FEATURE | INVESTMENT

COSTA RICA Tourism mecca – and growing investment destination

by TIM MISCHUK

When most people think of Costa Rica, they envision beautiful coastlines, picturesque beaches, perfect climate and heavenly lifestyle.

What they don’t often think of, however, is a strong economy and burgeoning export market – and a growing destination for investment real estate.

Indeed, Costa Rica is becoming increasingly popular among Canadians as a place to buy recreation and investment property.

WHY? Costa Rica is accessible with about 10 daily flights from major centres across Canada. It boasts two major airports, with a third scheduled to begin development in 2021. It’s safe, and has few serious crimes compared to other southern tourist destinations. Canadians can enjoy one of the world’s best climate zones with relatively low humidity, and yearround temperatures ranging from 21 to 30 degrees Celsius. Costa Rica is not an urban jungle – it’s a real jungle with abundant bio-diversity, exotic animals, protected zones and likely the first country in the world to become carbon neutral.

The country’s mountainous terrain means it never developed large farms as did other parts of South America, so it was never dominated by a landholding class. Elected governments have instead prioritized education, clean water, social security and free health clinics in most small villages.

Costa Rica boasts a strong economy with a growing export market for technology, food products and healthcare. Many major corporations have set up manufacturing in San Jose and other parts of the country because of a well-educated population, access to world markets, free trade with Canada, the US and China and reasonable labour rates.

THE SOUTHERN NICOYA PENINSULA Costa Rica and specifically the Southern Nicoya Peninsula is one of five “blue zones” in the world, where

many people live beyond 100 years of age. The social fabric and family focus, organic foods, limited stress and debt all contribute to longevity. A recent Gallup survey on happiness conducted for National Geographic says Costa Ricans are consistent leaders when it comes to social relationships, a sense of purpose and physical health.

Since 1970, the country has seen life expectancy increase from 66 to 80 years. The death rate from heart disease for men is a third of what it is in Canada.

The Southern Nicoya Peninsula is on the western flank of Costa Rica on the Pacific coast. It boasts a strong social community, development centred around small villages with farmers’ markets, small micro-breweries and local organic foods grown within 20 km of most restaurants and homes.

The area also has strict limits on development and urbanization to protect the local culture and the environment. Beautiful, lush forests, waterfalls and pristine beaches surround the Peninsula and are protected by law. Trails and a network of roads make it all accessible for the locals and tourists.

LOS DELFINES Guillermo Barcelo of Barcelo Resorts found this paradise 20 years ago and purchased 5,000 acres to protect the land and maintain the nature reserve.

He has since taken a small number of acres and helped develop the region on land along the Southern Coast of the Nicoya Peninsula.

Los Delfines, an exclusive community tucked in alongside Whale Bay, is located on the southern tip of the Nicoya Peninsula. More than 250 homes have already been built in this gated community, and many are owned by Canadians.

In many ways, Los Delfines follows the same buying process as a Canadian development. Buyers purchase a fully titled property via initial deposit, then make incremental payments as your home is developed, with a hold-back at the end which is not payable until the home is

completed. Prospective purchasers who have made their initial deposit are welcome to a three-day real estate tour of the area and Los Delfines before they make their final decision.

The current development phase, named Brisas del Mar, comprises 97 homes just 500 ft. from the beach.

They are 1,270-sq.-ft. three-bedroom detached bungalows with a modern European design. Each includes a car port, solar panels, air, laundry and optional pool. Priced from US$279,000 to US$309,000, more than 60 per cent of the homes are sold. Maintenance fees ($160 per month), taxes ($480 per year) and utilities such as cable, Internet and hydro cost approximately US$4,000 annually, Barcelo says.

Homes are rentable at US$1,000 per week, and US$1,500 per week with a chef and housekeeper. Owners who are renting their property for three or four weeks a year can cover all their taxes, utilities and fees, he says. The homes are rentable primarily during the winter season for 18 to 20 weeks a year. Los Delfines has its own rental program, or owners can opt to rent their properties on their own.

Scarcity of land in the protected zone, walking access to the beach and the growing demand for property in Costa Rica has caused the prices of real estate to increase steadily over the past 10 years, according to Barcelo. Land prices could increase at least five per cent per year as demand grows from the Millennial demographic.

Securing financing is not difficult, with Canadian banks in Costa Rica and the benefit of the Free Trade agreement between Canada and Costa Rica. Legal and accounting professionals are also available through Costa Rica to assist such international transactions.

As for the growth potential of their investment, the development owners say they wouldn’t be surprised if Canadian buyers see the value of their properties double within three to six years, depending on market conditions.

For more information, visit nexthome.losdelfines.info JAN 20 - FEB 3, 2018 37

NEIGHBOURHOOD PROFILE

MIMICO A NEIGHBOURHOOD IN TRANSITION HOT SPOTS

BOMBAY ON THE LAKE A relative newcomer to the neighbourhood, since 2007 Bombay on the Lake offers Indian cuisine in a contemporary setting, for groups of up to 48.

Catering and takeout services also available.

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MEET THE NEIGHBOURS

WAYNE KARL Mimico, an historic little community along Toronto’s west end waterfront, has long been known as “blue collar.” It’s been an “area in transition” for decades, but is now showing real progress, with lots of new residential and commercial development.

THE VIBE

38 NextHome.ca | GTA

SANREMO BAKERY & CAFE Family-operated since 1969 and now passed down to the second generation, SanRemo Bakery & Cafe offers traditional homemade Italian fare. Fresh breads, baked goods, gourmet pizzas and sandwiches and, of course desserts and gelato. Mangia, mangia!

IN THE AREA

The Lakeshore strip is still hit and miss, with more dollar stores, money marts and shops that don’t create the greatest first impression.

But look closely, it’s worth it – there are plenty of restaurants, coffee shops and cafes that deserve your attention.

SWEET OLENKA’S Oh my… If you have any sort of a sweet tooth, you’ll love the handcrafted chocolate, ice cream and confections at Sweet Olenka’s.

m WINSTON CHURCHILL BLVD

The area shows its age in spots, particularly along Lakeshore, where there are weathered lowrise rentals mixed with small retailers. But residential development – condos and townhomes on the former Goodyear site and several new highrises on the east — is breathing new life into the area.

The majority of residents are working age (25 to 64), with a sizeable seniors population.

Condos and townhomes are the most prevalent housing type, including the cluster of new highrises around Lakeshore and Park Lawn Road, as well as lowrise apartments built in the 1950s and ‘60s. Head north off Lakeshore into neighbourhood streets around Royal York, however, and you’ll find plenty of character homes, 1940s-era bungalows and some larger all-brick homes.

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TRENDING

GTA’S NEW HOME MARKET SLOWS IN NOVEMBER,

PRICES REMAIN HIGH New home sales in the GTA slowed slightly in November 2017 with condo apartments continuing to drive the bulk of the sales, and a record low number of new singlefamily home sales, according to the latest data from The Building Industry and Land Development Association (BILD).

There were 3,473 new homes sold last November, according to Altus Group, BILD’s official source for new home market intelligence. About 91 per cent of these (3,161 units) were condominium apartments in low-, medium- and highrise buildings, stacked townhouses and loft units.

While condo apartment sales for November were down eight per cent from November 2016, they were still 28 per cent above the 10-year average of 2,465.

Sales of new single-family homes, including detached, link and semi-detached houses and townhouses (excluding stacked townhouses) contributed only nine per cent (312 units) to total new home sales in November, down 82 per cent from November

2016, 76 per cent below the 10-year average of 1,319 for November, and a record low for any November for single-family sales since Altus started tracking in 2000.

With 7,455 units sold, singlefamily homes represented only 17.3 per cent of the 42,992 new homes sold in the GTA up to the end of November 2017.

“The November data should not be interpreted as a sign of diminished demand for singlefamily housing in the GTA, in fact, quite the opposite,” says former BILD President and CEO Bryan Tuckey. “Single-family housing is still the first choice for many people, especially for those with families. A big reason single-family homes represent a decreasing proportion of new home sales is that people simply cannot afford them.”

In November, the benchmark price for available new singlefamily homes was slightly more than $1.2 million, which was 25.1 per cent above the November 2016 benchmark

price of $977,890. Meanwhile the benchmark price for available new condo apartments was $702,992 in November 2017, 42.6 per cent above the November 2016 benchmark price of $493,137.

“The decline in new singlefamily home sales in the GTA relative to last year in large part reflects low inventories of new homes available to purchase – and in particular, the lack of more affordable product,” says Patricia Arsenault, Altus Group’s executive vice-president of Research Consulting Services.

The supply of single-family housing increased slightly in November 2017 to 3,438 single family lots from 3,192 lots at the end of October 2017. However, overall supply of new housing decreased in November.

Supply of new housing is typically measured by the number of new homes for sale in builders’ inventories. A healthy new home market should have nine to 12 months’ worth of inventory; inventory is now at about three to four months.

NOVEMBER NEW-HOME SALES BY MUNICIPALITY: Nov ‘17

Highrise

Lowrise

Total

REGION

2017

2016

2015

2017

2016

2015

2017

2016

2015

Durham

18

60

307

58

171

302

76

231

609

Halton

221

115

147

111

416

513

332

531

660

Peel

176

231

90

71

132

512

247

363

602

2,326

2,715

2,010

7

120

45

2,333

2,835

2,055

York

420

320

229

65

864

475

485

1,184

704

GTA

3,161

3,441

2,783

312

1,703

1,847

3,473

5,144

4,630

Toronto

SOURCE: ALTUS GROUP

40 NextHome.ca | GTA

Wake up to your NextHome!

Whether you’re renting or buying, finding your next home has never been so easy.

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INSPIRATION

IN THIS SECTION

FRESH RESTAURANT TRANSFORMATION

2018 COLOUR AND DESIGN INSPIRATION

JANETTE EWEN’S ENTERTAINING TIPS

JAN 20 - FEB 3, 2018 43

INSPIRATION | DESIGN FILE

RESTAURANT WITH HELP FROM DESIGNER AND COLOUR VISIONARY

REDUX

TIFFANY PRATT, Toronto French bistro Café Cancan (formerly The Harbord Room) underwent a fresh transformation – and we can’t get enough of the pretty space!

by SARA DUCK Photo by NIKKI LEIGH MCKEAN

“I wanted the space to feel like you were walking into a decadent French macaron.” –Tiffany

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Q.

WHAT WAS YOUR INSPIRATION BEHIND THE DESIGN?

“Knowing that Café Cancan was going to be a fresh new take on a French dining experience, I wanted the interior to follow suit. Incorporating colours and textures that might not have been considered together or within a fine dining space was my inspiration. I wanted it to be luminescent even at night, to give the guests a feeling of lightness. I wanted the textures to keep your eyes dancing around the room looking for treasures. But, most of all, I wanted to create the kind of room that you feel cosy in, one that inspires you and completes the feeling of thrill after the first bite of Chef Barry’s genius cuisine.” –Tiffany Pratt For more information visit cafecancan.com

CAN-CAN / The cancan is a high-energy, physically demanding dance which became a popular music hall dance in the 1840s, continuing in popularity in French cabaret to this day.

6

1| Makenna solid wood dining chair by AC Pacific. $255. wayfair.ca 2 | Paint chip in Tawny Mushroom by Dulux. dulux.ca 3 | Diamond point double old-fashioned glass. $90. tiffany.com 4 | Heirloom 1-light bronze pendant light fixture. $205. homedepot.ca 5 | Höstanemon cushion cover in multicolour. $13. ikea.ca 6 | 3-piece trio vase set. $19. cb2.com 7 | Julian sofa in teal. $600. leons.ca 8 | Laney accent table in yellow by Southern Enterprises. $120 bedbathandbeyond.ca JAN 20 - FEB 3, 2018 45

INSPIRATION | ENTERTAINMENT FILE Janette Ewen the ultimate hostess

hostess

HACKS

by SARA DUCK

SO, YOU BARELY SURVIVED THE BUSY ENTERTAINING SEASON. We get it! We asked the ultimate hostess, designer and lifestyle

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expert, Janette Ewen, for tips on making next year’s festivities seamless. No stranger to throwing great parties, Janette hosted two this past season; a traditional soiree for her family here in Toronto and a vintage-themed fete in

tip.

Palm Springs, Calif. for friends. “I even rented a mid-century modern home to set the tone for my retro-themed party in Palm Springs,” Ewen says. Now, that is someone who is serious about throwing a great party! Get inspired by

4}

her fail-safe entertaining tips.

1} tip.

2} tip.

46 NextHome.ca

ALWAYS START WITH A THEME. Pick a fun theme that everyone will enjoy (I chose a 1950s-inspired holiday party this year).

A strong theme helps shape the decor, cocktail menu, food, invites, gifts, music, dress and even the scent of your home.

For 2018, the top holiday themes all have a glamorous twist: Think gold, silver and plenty of sparkle.

LET EVERYONE HELP. Entertaining shouldn’t be laborious for the host. Instead, use your friends as resources. Do you have a friend who can mix a mean cocktail? A friend who likes to play DJ? Tap into your friends’ talents for a stress-free night of fun.

Assign one small task to each friend.

You will free yourself up for your most important role — as host!

tip.

5} tip.

DECOR GOALS. There are many ways to have fun with your tabletop decor, but most important is a low centrepiece. You don’t want your guests dodging their heads around a large item to have a conversation.

Think about using a floral garland or a macramé table runner with a grouping of low candles.

STAGE YOUR SPACE. If you are having a cocktail party, make sure you leave clear pathways to key areas of the kitchen, bar area and washroom. I like to edit my furniture and remove any trip hazards like low stools or tables.

Create seating clusters (three-four seats and one-two cocktail tables) in areas that are low traffic. These will invite conversation and give a party a relaxed vibe.

FOOD FOR THOUGHT. I love to prepare unique appetizers, and President’s Choice has a huge selection. These can be real conversation starters and are easy to prepare. Another big trend is anything retro (recipes from the 1950s and 60s). Consider picking up a vintage cookbook and making a few recipes from a different era.

I also love saving a little money on food during the holidays. I use my PC Financial World Elite MasterCard to maximize my holiday spending and redeem my PC points on groceries and other hosting requirements to offset the costs.

Essentially, I’m getting more for less every time I use my card. Visit pcfinancial.ca

ANTIPASTO MISTO SNACK BOARD

Antipasto Misto Snack Board

A cheese and charcuterie board is one of the easiest ways to feed your guests – the key is to offer a variety of flavours, textures and colours. PC Splendido Antipasto Misto gives you three types of cured meats for this board – prosciutto, Coppa di Parma and mild Genoa salami – so you can cover all your bases with just one package.

Feel free to add sliced pears and grapes to the board for an extra pop of colour. For more inspiring recipes, visit presidentschoice.ca Makes: 10 servings • Prep time: 5 minutes Ready in: 5 minutes • Difficulty Level: Easy

INGREDIENTS 1 pkg (200 g) PC Cocktail Bocconcini Soft Fresh Cheese, drained 1 tbsp (15 mL) chopped fresh basil

DIRECTIONS

1 tbsp (15 mL) PC New World EVOO Extra Virgin Olive Oil

1. Stir together bocconcini, basil, oil, peperoncini and salt in large bowl. Transfer to serving bowl.

Place on large serving board.

2. Halve prosciutto from Antipasto Misto crosswise. Arrange prosciutto and remaining contents of Antipasto Misto package on same board.

3. Arrange brie cheese, blue cheese, crackers, gherkins, red peppers and olives on same board. Smear mustard directly onto board, or transfer to small serving dish and place on board. * Chef’s Tip: For the best flavour, bring the brie cheese and blue cheese to room temperature before serving – just be sure to keep the meats chilled until you’re ready to serve.

1 tbsp (15 mL) drained PC Black Label Peperoncini Piccanti Chopped Hot Chili Peppers In Oil 1 pkg (100 g) PC Splendido Antipasto Misto Half pkg (200 g pkg) PC Double Cream Brie Soft Ripened Cheese Half pkg (125 g pkg) PC Blue Cheese Half pkg (142 g pkg) PC Roasted Onion, Garlic & Herb Pita Crackers 12 gherkins ¾ cup (175 mL) drained PC Whole Sweet Red Peppers (about 6 pieces), halved 2/3 cup (150 mL) marinated olives 3 tbsp (45 mL) PC Whole Grain Dijon Prepared Mustard

JAN 20 - FEB 3, 2018 47

colour INSPIRATION | COLOUR FILE

Drapery: Alendel Fabrics

by Linda Mazur

48  NextHome.ca

Colour is inspirational, sometimes creating and influencing the design of a space, or sometimes simply, quietly, enhancing a relaxed monochromatic look. As we embrace a new year, we can’t help but feel excited at the prospect of an inviting new colour scheme for our home. We are seeing such a wonderful strong, classic palette this year, combined with a few surprises that have emerged in design and it is definitely cause for excitement. When paired with richly textured fabrics, woods and accessories, this season’s palette will create for you a warm, cosy, yet sophisticated aesthetic in your home.

Deep and dark port, rich navy, burnt orange, pretty pinks, smoky spruce and a great earthy maple are just a taste of what you’ll be seeing this season. These hues blend beautifully with some of the slightly more obscure, yet popular accent colours such as a curry-toned yellow and a goldtoned lime green. Seeing these tones reflected in soft, plush velvets or chenilles, or coarsely textured linen-blends will definitely set you in the mood to redecorate.

Alendel Fabrics (alendelfabrics.com) is one company that offers a great selection of textures and patterns this season. Its newly released collections deliver large on inspiration, durability and adaptability. The company has also delved into a world of colourful wallcoverings, offering the possibility of including wallpaper into your next decor or design project.

Colour is always a great element to introduce into any space, so why should your bathroom be any different? This is not just about adding colour to your room by way of your wall surfaces, tile selections and fixtures.

Luxury British bathing brand, Victoria + Albert (vandabaths.com) now offers a great selection of external colour tones for tubs. The brand is offering six distinctive new external finishes including: Gloss black, anthracite, stone grey, light grey, matte black.

These classic shades of grey and warm dark colours are found not only on tubs, but basins and vanity furniture, as well as providing us with abundant inspiration to create unique and dramatic bathroom spaces. All these options are a stylish complement to any bath or living space.

Designing with colour can be simpler than you may think, and nothing to fear. It’s all about colour this year, so instead of fighting it, embrace it and elevate the look of those tired “beige tones” in your home. lindamazurdesign.com

FIND YOUR COLOUR INSPIRATION TO GIVE YOUR HOME THAT DESIGNER TOUCH. Develop a sophisticated palette that not only incorporates great new colours, but patterns and textures as well. Here are some simple tips to start you on your way: 1. A gallon of paint goes a long way in enriching any space. With a little work, you can quickly transform the feel of any room.

Black elegance and golden goose paint samples by Dulux. dulux.ca 2. With an abundant selection of not only colours but patterns, wallpaper can translate into an inspirational resource for elevating any room. Grey and yellow suzani peel and stick wallpaper. $58 each roll. homedepot.ca 3. Invest in a bold, colourful piece of artwork.

It’s an easy way to immediately change the look of any space. Palette knife embellished abstract canvas. $140. bouclair.com

Product sources by Sara Duck 49

SHOP TALK

ANTIQUE & REPRODUCTION

ADDISON’S INC. ANTIQUES & MORE

50 NextHome.ca

“This beautiful store just grew,” says Becky Addison, Jim’s daughter and one of the current owners. “[My father] started branching out from the antique plumbing fixtures. He started to make it more like a museum.

People will walk in and wonder if things are for sale or if it’s a museum.”

THE SALVAGER

Addison’s is a family run business, so over the years, Jim Addison’s daughters have taken part in

PHOTOS: YP

Jim Addison didn’t come to Canada to open a store selling antique plumbing fixtures. When he arrived from Scotland in 1965, it was to work as a master plumber, but he found an allure in the history of Toronto, particularly in collecting the fixtures he found while working as a plumber.

Three short years later, Addison opened the antique plumbing store Addison’s Inc. to showcase the many fixtures he had discovered around the city. The collection grew so large that he moved it to a warehouse on Wabash Street, where it still stands today, more than 50 years after Addison opened his first shop.

The Wabash location has a massive main floor with three rooms featuring thousands of items such as clawfoot tubs, sinks and other beautifully kept antique fixtures. Stroll upstairs and you’ll find furniture from bygone eras. Downstairs, you’ll discover an array of antique doors and highly sought-after antique radiators.

helping to manage the shop. Jim passed away in 2017, and now his four daughters, Becky, Cora, Teresa and Pamela, are keeping the legacy alive.

“He just loved anything old or historic because he valued history in general,” says Becky. “He had a great appreciation for anything intricate and unique. He was a salvager.”

The store is a treasure trove of items from Toronto’s past. You can find big signs from well-known restaurants of the past and there are even doors from the old Don Jail. Jim felt it was important to preserve the landmarks of Toronto, and many of Addison’s Inc.’s customers share his appreciation for the city’s history.

PHOTOS: YP

ON THE BIG SCREEN

With that much stock, Addison’s became well known in the film industry as the go-to place for prop rentals. One of its sinks was featured in the movie IT. The store also supplied props for the Saw movies, Million Dollar Baby and numerous TV shows.

Contractors and interior designers also love Addison’s Inc. for its eclectic furnishings and special pieces. “We have a lot of beautiful vintage and antique lighting,” says Becky. “We have it all. If you’re looking for something, you’ll find it here.”

SPONSORED CONTENT

For more information, visit addisonsinc.com JAN 20 - FEB 3, 2018 51

ADVICE | LEGALLY SPEAKING

WHAT HAPPENS WHEN YOUR

FINANCING FALLS THROUGH? JAYSON SCHWARZ

Before you go new-condo shopping, visit your bank, trust company or other financial institution to see what amount of mortgage you qualify for.

Take your significant other, if you have one, because everyone’s income and assets help. Once you know how much you can borrow, secure the best rate you can and lock it in for as long a period as possible. Don’t be afraid to negotiate – the banks want and need your business. Shop around for the best rates, terms and lockin periods.

You should also visit the condo sales centre armed with your knowledge and check what mortgage rate and term the builder is offering. Take note that the builder may have brought the rate down to make his package more attractive or forced his bank as part of his deal with them to offer special rates. Remember, if your bank’s offered rate and terms are close, you may be able to negotiate a better deal with the builder. If you do not take the builder’s mortgage, you may be able to get some leverage in your overall negotiations as the builder may save money by not having to pay his bank for the better rate.

Question this and make sure you understand all of the financing details. Regardless of where you 52 NextHome.ca | GTA

go to get financing, get your commitment in writing!

When you walk into that sales centre, all ready to buy that beautiful new condo, perhaps the most important piece of the puzzle you need to have is security in your financial arrangements. A tragedy waiting to happen occurs when you sign an unconditional offer, give your hard-earned, harder-saved deposit to the builder and later find out you do not qualify for the mortgage. In other words, don’t buy the home unless you have a mortgage commitment or a conditional deal. This leads us into the next part of the discussion – what happens if your financing falls through?

An Agreement of Purchase and Sale for the purchase of land is a legal contract, and once it is signed, it binds both parties to certain obligations. If either party does not hold up to their end of the arrangement, they can be held liable to the other party for either specific performance or damages.

Firstly, if the purchaser defaults, he will likely lose his deposit. The builder will then have the option of suing to force him to close the deal and pay all legal fees related thereto, or sue for any damages the builder might suffer before he resells the condo (for items such as interest, changes and price differential) and legal fees.

Sometimes, in a booming market, kindhearted builders will release purchasers who have made a mistake or encountered personal tragedies. But don’t count on it!

The moral of the story is to make sure you have financing, or that the offer is conditional for a few days on both financing and review by a lawyer. It is critical you get the right advice, and only a lawyer can provide legal advice.

That is the law.

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

BW-NHC_GTA-1217.pdf

1

2017-11-28

11:44 AM

TRENDING

DUNDEE KILMER RECEIVES AWARD

FOR CANARY DISTRICT

The Urban Land Institute recently presented Dundee Kilmer with the 2017-18 Global Award of Excellence for its role in the development of West Don Lands. Among 13 international honourees, the West Don Lands is one of only two Canadian projects recognized, and the only one in Ontario.

The West Don Lands project, under lead developer Waterfront Toronto, transformed 79 acres of provincially owned brownfield lands in Toronto’s downtown east end into a pedestrian-focused, mixed-use community for residents of all income levels, ages and abilities; stringent sustainability requirements and high-quality greenspaces are among the hallmarks of the neighbourhood.

Dundee Kilmer was cited for its development of Canary District, a master-planned community within West Don Lands. The six initial buildings of the 35-acre Canary District served as the 2015 Pan 54 NextHome.ca | GTA

Am/Parapan Am Games Athletes’ Village before being converted to a mixed-use community with an emphasis on creating a dynamic Front Street promenade with animated street level retail. The previously underutilized area has been transformed into a pedestrian and transit-focused downtown east destination with carefully selected retail and restaurants that emphasize health and wellness.

Canary District is home to the 82,000-sq.-ft. Cooper Koo Family YMCA, George Brown College’s first student residence, and five Dundee Kilmer-developed condominium residences. With outstanding scores for walking, transit access and bike riding, this LEED Gold urban village was developed on the principles of healthy living, with vast public spaces, next-generation Beanfield MetroConnect Wifi connectivity, and a collection of curated public art.

The Urban Land Institute is dedicated to fostering the

planning and development of vibrant metropolitan communities and responsible land use, with an international presence in the Americas, Asia and Europe. The Global Awards for Excellence are widely respected as one of the land-use industry’s most prestigious awards programs.

The awards are decided by a multidisciplinary, international jury. “Each of these winners demonstrates a thoughtful, innovative approach to urban development that is adding to the sustainability and livability of the communities in which they are located,” says jury Chairperson Wendy Rowden, president of 42nd Street Development Corp. in New York City. “The attention paid to project detail, flexible design and neighbourhood context were among the factors making these entries stand out. They represent the type of development that will withstand the tests of time and change.”

EVENTS

BEST DEALS FOR

WINTERLICIOUS 2018 JENNIFER byby FIRST LAST D’AGOSTINO

Luckee (lunch: $28, dinner: $43) Susur Lee’s Luckee has perfected refined Chinese cuisine, offering dumplings and traditional eats.

The prix-fixe menu will include fan favourites and Susur Lee’s unique take on classic Asian cuisine.

Wildfire Steakhouse (lunch: $28, dinner: $43)

Michael’s on Simcoe (dinner: $53)

Vaticano (lunch: $33, dinner: $53)

Winterlicious is the perfect time to check out Michael’s on Simcoe.

The fine dining experience is more accessible to frugal foodies during the prix-fixe event. The menu features dry-aged steaks and decadent desserts.

Quinn’s Steakhouse (lunch: $23, dinner: $33)

Located in Yorkville, Vaticano has some of the best Italian cuisine in the city. Winterlicious provides an excellent opportunity for checking out this elegant restaurant on the cheap. They’re serving up signature Italian cuisine again this season – and what’s better than amazing Italian food for a low price?

Located in the heart of the downtown core, Quinn’s Steakhouse is the ultimate spot to check out if you’re stretching your budget. Dine on a signature surf and turf menu accompanied by one of the 200 whiskies behind the bar (alcohol is not included in the Winterlicious promotion).

Miku (lunch: $33, dinner: $53) An import from the West coast, Miku is known for its fresh, premium sushi and Japanese food. You can expect authentic Japanese cuisine and some unique sushi offerings at this year’s Winterlicious.

Tutti Matti (dinner: $43) Offering Tuscan cuisine as its finest, Tutti Matti is one of the best deals on the long list of Winterlicious participants. Tutti Matti has perfected handmade pasta and Italian antipasti, all at an amazing price for Winterlicious – you won’t want to miss out!

Loka (dinner: $43) The dining experience at Loka is a unique one; they use only seasonal ingredients from small producers, so the menu is always changing.

The Winterlicious menu is a fantastic representation of what’s on offer year round.

From YP.ca. For more tips and city guides, visit yp.ca/tips

PHOTO: BY JENNIFER D’AGOSTINO

Every year, Winterlicious makes Toronto’s best restaurants more affordable! Here are the hot spots that will get you the most bang for your buck during Winterlicious 2018.

There are two reasons to include Wildfire on your Winterlicious hit list: Superb service and the quality selection of steak. These two reasons, combined with the budget friendly prix-fixe menu, make visiting Wildfire Steakhouse a must this year.

JAN 20 - FEB 3, 2018 55

HOT PROPERTIES

FIND YOUR NEXT HOME The latest properties in the Toronto area to keep your eye on

GTA PREVIEW REGISTRATION 1. ALLEGRO By: Geranium Homes City: Aurora Housing type: 52- and 61-ft. cul-de-sac homes from more than $2 million allegroaurora.com

2. BIANCA

9. GLENWAY

18. THEORY CONDOMINIUMS

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

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

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

11. KINGSWAY BY THE RIVER

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

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

3. BOXGROVE VILLAGE

12. LOGGIAS IN RICHDALE

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

13. M CITY CONDOS

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

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

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

56 NextHome.ca | GTA

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

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

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

15. QUEEN’S COMMON By: Mattamy Homes City: Whitby Housing type: Detached and townhomes mattamyhomes.com

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

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

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

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

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

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

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

24. VITA ON THE LAKE, VITA TWO By: Mattamy Homes & Biddington Homes City: Etobicoke Housing type: Condominiums mattamyhomes.com

25. VALHALLA TOWN SQUARE By: Edilcan City: Etobicoke Housing type: Condominiums valhallatownsquare.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

36. ORCHARD WEST

By: Aspen Ridge Homes City: Vaughan Housing type: Townhomes aspenridgehomes.com

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

28. CONDOMINIUMS OF CORNELL

37. PACE ON MAIN

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

29. CORNELL ROUGE 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

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

+

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

38. QUEENSWAY PARK 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

MAPS Locate properties using the map on the following page

46. NOBU RESIDENCES By: Madison Group City: Toronto Housing type: Condominium suites noburesidences.ca

47. FOREST GATE By: Kaneff City: Mississauga Housing type: Luxury town manors across from Lionhead Golf Club kaneff.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

45. FRENCHMAN’S BAY By: Madison Group City: Pickering Housing type: Townhomes and singles madisongroup.ca

OTHERS (NOT FEATURED 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

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

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

JAN 20 - FEB 3, 2018 57

HOT PROPERTIES / GREATER TORONTO AREA

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Search online or download our app to view all builder listings

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MAP LE GE N D NEW HOMES CONDOS

START YOUR SEARCH

DOWNLOAD THE APP JAN 20 - FEB 3, 2018  59

NEIGHBOURHOOD PROFILE

DICKSON HILL A POSH, NOT PRETENTIOUS NEIGHBOURHOOD HOT SPOTS

CAMBRIDGE ROWING CLUB No sport appeals more to those with British gentry aspirations than rowing.

Pursued in this gorgeous setting along the Grand, it does call to mind hazy afternoons with old school chums in matching jackets.

The club offers everything from beginner lessons to competitive racing.

ANNE MARSHALL

Dickson Hill rises across the Grand River from downtown Galt, offering a spectacular view of the city to those lucky enough to call this beautiful Victorian neighbourhood home. Extending from Churchill Road to Grant Street, the stretch of stately homes and magnificent maple trees continues west as far Victoria Park down to the river.

THE VIBE

Dickson Hill is distinctly not typical Cambridge. Posh without being pretentious, the neighbourhood feels refreshingly modern despite its age. The houses are large without being imposing. People take obvious 60 NextHome.ca | SWO

pride in their gardens, and you’ll note that most are professionally maintained; the same is true of their beautifully restored mansions. Just to remind you that it’s a terribly proper place to live, every street has been named after an English city or palace.

MEET THE NEIGHBOURS

The subdivision was created to house the city’s wealthiest residents. Lawyers, architects and other big-money professionals populate the area. There aren’t a lot of young families in Dickson Hill. The basketball nets lining the alleys behind houses and between streets suggest more established parents raising teens. Middle-aged adults run with their dogs or enjoy a tennis or cricket match, so it’s likely that a lot of empty nesters headed towards retirement also call the neighbourhood home.

CLOUD NINE SPA/ESCAPE Offering a range of services from mani/pedis and waxing to aromatherapy massage. It’s the perfect place for ladies who lunch (and gents) to unwind.

THE CAMBRIDGE MILL “Experiential dining at its best.” In keeping with the local farm-to-table philosophy, the menu changes seasonally.

S

SWO

SOUTHWESTERN ONTARIO

IN THIS SECTION

SHOWCASING NEW PROJECTS IN SWO

NEIGHBOURHOOD PROFILE: DICKSON HILL

MAPS & LISTINGS OF NEW COMMUNITIES

JAN 20 - FEB 3, 2018  61

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EVENTS

BUY NOW AND RECEIVE $5,000 Décor Dollars Plus be entered to win

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LosaniHomes.com

4 BUDGETFRIENDLY RESTAURANTS IN TORONTO

by JENNIFER D’AGOSTINO

It’s always a good time to celebrate with friends and family, even if you’re on a budget. Luckily there are many restaurants in Toronto that offer superb venues and menus at a great price.

The 3 brewers 275 Yonge St. For a casual get together, you’ll want to make reservations at The 3 Brewers. The group menu is not only a decent price, it’s packed with pub favourites such as the bacon cheeseburger, steak frites and beer-braised pork shank. There’s also a cocktail menu and a beer-pairing menu.

Vesuvio Pizzeria and Spaghetti House 3010 Dundas St. W. At Vesuvio’s, you can count on some of the best Italian food in the city, and if you’re looking for a spot within a modest budget, then this is the place. The group menu includes Italian dishes such as chicken parmesan, veal chop, risotto and more.

Queen Margherita Pizza 772 Dundas St. W. If you’re headed to Queen Margherita for your party, that means you’ll be feasting on authentic pizza or pasta. A perfect option for people on a moderate budget, the three-course prix-fixe menu is $30 a person. Plus, Queen Margherita has a couple of locations, so you can arrange the best venue for everyone in your party.

Momofuku Daisho 190 University Ave. If you’re looking to celebrate family or friends over brunch, look no further than Momofuku Daisho. The Bagel Feast is served with an assortment of spreads, as well as toppings such as capers, cucumbers, radishes and more. Also on the menu – scrambled eggs, smoked fish mousses, sausage and more. Available on Sundays, it’s priced at $27 per person.

From YP.ca. For more tips and city guides, visit yp.ca/tips

64 NextHome.ca | SWO

More Style More Life IN THE HEART OF HAMILTON

You’re ready for upscale style! You want an elegant home with contemporary character and a setting that’s close to everything you need. In Hamilton’s exclusive Ancaster neighbourhood, just up the Mountain from the green forests and waterfalls of the Dundas Valley. A place where you’ll feel connected to a history that goes back to 1793. You’re ready to make memories in the GTA’s hottest new market. You’re ready for Monterey!

$

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FIND US ON FACEBOOK & LEARN MORE

NEXUS

B U I L D I N G C O M M U N I T I E S TO G E T H E R

Garner Rd. W. & Shaver Rd. ANCASTER

Prices and specifications are subject to change without notice.

Map is not to scale and is Artist Concept. E&O.E.

BW-NHC_SWO-0417.pdf

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TRENDING

PREP YOUR HOME FOR WINTER’S CHILL • Monitor temperature: Prevent temperatures inside the home (especially near pipes and water lines) from dropping below freezing. Direct warm air to areas of the house that are colder or located near exterior walls.

The holidays may be over, but winter is here to stay – at least for a while – and our homes need some TLC to power through the winter weather. Paul Gyarmati, regional general manger at Reliance Home Comfort, offers up the following tips:

3. BOOK A PROFESSIONAL FURNACE

1. TRIM TREES AND CLEAR DEBRIS:

To avoid the risk of injury and potential damage, consider trimming tree branches that hang close to your home.

2. AVOID THE FREEZE: Water molecules expand when they freeze, putting tremendous pressure on pipes and other water lines, which often cause them to freeze or burst.

Follow these tips to avoid this costly inconvenience:

• Drip your faucets: Running the water on low during the coldest days of the year can help prevent water from freezing.

• Seal it: Seal leaks located near plumbing lines to prevent cold air and condensation from creeping in.

INSPECTION: Schedule a furnace check-up before temperatures really drop to ensure your furnace is working properly and avoid long-wait times during the coldest months of the year.

• Prevent costly emergency repairs: Avoiding regular furnace maintenance can cost you in the long run with expensive emergency repairs. Booking an appointment can help prevent untimely breakdowns during the cold snap.

CANADIAN HOUSING STARTS STABLE IN DECEMBER 2017

68 NextHome.ca | SWO

in 2017 were up 6.2 per cent compared to 2016 due to the rise in apartment construction.”

Overall, the pace of new-home construction in the Toronto Census Metropolitan Area (CMA) remained virtually unchanged in 2017. Close to 39,000 homes broke ground, down 0.7 per cent from 2016.

Strong demand for new homes continued to be supported by improved employment conditions and strong migration. However, affordability challenges, tighter mortgage rules, the increasing price gap with resale market alternatives, and a better-supplied

resale market weighed on singledetached starts, which were down by 14 per cent compared to 2016.

Given escalating house prices, more homebuyers continued to shift their demand toward relatively more affordable housing options such as townhouses, and more affordable areas such as Brampton. Condominium apartment starts were down by five per cent compared to 2016, nevertheless they continued to dominate new-home construction thanks to strong demand from price-sensitive homebuyers and investors.

T

D

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50

The trend in Canadian housing starts remained stable in December 2017, with 226,777 units compared to 226,178 units in November 2017, according to Canada Mortgage and Housing Corp. (CMHC).

This trend measure is a sixmonth moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

“Despite the variation in activity across the country, the national trend in housing starts held steady at its highest level since 2008,” says Bob Dugan, CMHC’s chief economist.

“Total urban housing starts

D

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SWO PREVIEW REGISTRATION 1. 140 CALEDONIA 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

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

4. BRANT WEST

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

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

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

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

13. SAPPHIRE

5. CLAIR MEADOWS

14. STEPPING STONES

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

6. FOCUS TOWNS

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

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

15. SUMMERLEA WOODS

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

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

7. FOOTHILLS OF WINONA

16. TELEVISION CITY

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

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

8. GRANGE HILL POINT By: Reid’s Heritage Homes City: Guelph Housing type: 1- and 2-bedroom condos reidsheritagehomes.com 70 NextHome.ca | SWO

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

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

18. THE MCKENZIE

26. WILDFLOWERS

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

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

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

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

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

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

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

25. EXPLORE By: Ballantry Homes & Branthaven Homes City: Hamilton Housing type: Townhomes exploretowns.com

Locate properties using the map on the following page

27. MYST URBAN TOWNS

BY THE LAKE By: Homes by DeSantis City: Stoney Creek Housing type: Urban townhomes mysttowns.com

NEW OPENINGS 28. LINCOLN ESTATES By: Losani Homes City: Lincoln Housing type: Single-detached homes losanihomes.com

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

MAPS

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

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

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

32. CLAIRITY By: Reid’s Heritage Homes City: Guelph

Housing type: One- and two-bedroom condominiums reidsheritagehomes.com

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

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

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

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

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

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

39. THE WEST

EXPLORE

+

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, JUST EMAIL THE DETAILS TO WAYNE.KARL@NEXTHOME.CA

JAN 20 - FEB 3, 2018 71

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THE LAST WORD

Q+A WITH RANDY BARBA, RESIDENT OF THE HUMBER BAY COMMUNITY IN THE ETOBICOKE WATERFRONT AREA, AND CHAIR OF THE HUMBER BAY SHORES RATEPAYERS AND RESIDENTS ASSOCIATION

by WAYNE KARL have responded positively to inquiries and concerns. We will continue to push for the utmost community involvement in the planning of those lands as things progress, and they indicate a desire to do exactly that. We will most certainly attempt to reach out to Seylynn regarding the 2256 Lake Shore parcel in 2018, and we hope to establish a similar relationship.

With master-planned condo communities becoming a more prevalent way of life in the Greater Golden Horseshoe, residents’ groups provide buyers not only a voice for their hopes, wishes and dreams for their communities, but also a vehicle to become engaged and involved in future development and planning. We spoke to the founder of one such organization in the fast-growing Etobicoke Waterfront area – Randy Barba, of the Humber Bay Shores Ratepayers and Residents Association NextHome: What led you to start the residents’ group?

Randy Barba: Our initial goal in going public with the Humber Bay Shores Ratepayers and Residents Association was to comprehensively and regularly inform the community on any number of important topics – from planning issues to community updates and social 76 NextHome.ca

events. We hoped to catalyze discussion and greater civic engagement from residents and ratepayers throughout the area.

We also wanted to establish a democratic and open association that would allow for formal representation of members and their interests. We research and stay on top of important local issues and concerns.

NH: What communication or voice do you have among builders and developers in the area?

RB: Putting aside the Christie’s lands and the recently purchased (by Seylynn) 2256 Lake Shore Blvd. W. parcel (on the north side of Lake Shore, west of Park Lawn), Humber Bay Shores was planned and approved before we got started. We have established an open and ongoing relationship with First Capital, one of the new co-owners and managing partner of the Christie’s lands, and they

Christie’s site at Park Lawn and Lake Shore is a subject of much discussion. What would you like to see happen with the site?

RB: A complete transit hub, including a Park Lawn-Humber Bay Shores GO station, relocation of the TTC-Humber Loop onto the site, and bus and streetcar connections. Such a hub would serve much of the Etobicoke Lakeshore, including Wards 5 and 6, and it has the potential to remove a significant number of cars from our roadways. A well-planned and designed public realm is also extremely important, as is a functional roadway system with an additional arterial roadway between the Gardiner exit and Park Lawn.

Local employment is extremely important, and the more quality jobs we can put on-site, the better.

While I do not equate retail and service industry jobs with the fulltime union jobs that were lost in the closing of the Christie’s plant, office space would provide quality opportunities for the people living in our community. I would

PHOTOS: RANDY BARBA

NH: The future of the 27-acre

PHOTOS: RANDY BARBA

also like to see space that would allow for family- and childrenfocused facilities – such as an indoor playground, daycare and a community centre or school.

Cultural elements such as a theatre would also be fantastic, as we don’t have much in the area. Finally, I would like to see real parkland provisions instead of cash-in-lieu.

I hope they prioritize employment; the less density the better. If they are successful in rezoning lands for residential, I hope there will be a serious focus on the “missing middle.” If there are to be towers, I hope they prioritize the public realm with multi-use podiums, set-back buildings and quality architecture that is executed as designed. I would also like to see larger units and family-focused amenities – as well as improved consideration of shadow and wind impacts – versus what we have seen throughout much of the Humber Bay Shores block.

NH: A recent article in the Globe and Mail in which you were quoted, ended with you saying: “I really, really hope we can all come together and make the community, instead of breaking it.” What would that take, and what would that look like?

RB: Our community already faces some challenges and deficiencies when it comes to issues such as transit, congestion and soft infrastructure. At the same time, we don’t have a lot of land left to build some of the public amenities we require.

We ran some numbers using 2016 census data from our tract against building and unit counts throughout the area, and we estimate that there are roughly 14,000 people currently living here. At full occupancy, not including potential residential additions on the Christie’s site nor

the 2256 Lake Shore parcel, the Humber Bay Shores and Mystic Pointe communities would house more than 26,000 people combined. Given the current stresses on public transit, roadways and congestion, local schools and parkland, can the area truly accommodate so many people?

How many more can it handle? What is the breaking point?

Therefore, the encompassing issue is whether we want to create a true, complete community here, or are we happy with the area serving strictly as a highly-intensified residential space with minimal public amenities?

Complete communities allow people to live, work, play and raise families in their neighbourhoods to the greatest degree possible, versus having to commute or move out in search of those opportunities. When those needs cannot be met locally, an efficient and rapid transit system should be available to those commuting.

With 27 acres on the table, there is an opportunity to do something special here. I continue to hope that First Capital, the City and Humber Bay Shores & Mystic Pointe residents can come together and complete the community, instead of breaking it.

JAN 20 - FEB 3, 2018 77

INDEX OF ADVERTISERS

Andrin Homes - Corporate

35

Losani Homes - Lincoln Estates

2

Bayview Wellington Homes - Alcona Shores

55

Losani Homes - Vista Ridge

2

Bayview Wellington Homes - Passages

Branthaven Homes - Explore

66-67

Madison Group - Cornell Rouge

62 Madison Group - Frenchman’s Bay

Branthaven Homes - Life

Concord Adex - Corporate

Concord Adex - Saisons

DiCenzo Homes - Monterey Heights

Dunpar Homes - Streetsville Centre

Madison Group - Nobu Toronto

25

Malibu Investments Inc. - Express Condos

27

Mattamy Homes - Hawthorne South Village

BC

Mattamy Homes - Klienburg Summit

BC

8-9

19

65

39

69

31

Parallax Development Corporation - Royal Q Towns Great Gulf - 357 King West

5

Great Gulf - Corporate

4

6

Pemberton Group - Corporate

Insert

Insert

Homes By Desantis - Myst

13

Pemberton Group - Era

Losani Homes - Corporate

64

Plaza - Musee

78  NextHome.ca

IFC

7

Mountainview Homes - Lyons Creek Forest Hill Homes - Cornell Rouge

1

3

Menkes Developments Inc. - In.de Fieldgate Homes - Corporate

28-29

63

Menkes Developments Inc. - Corporate ELAD Canada - Lumina

31

15

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2018-01-11 5:07 PM

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