GTA New Home Guide - Sept 2, 2017

SEPT 2 – 16, 2017 | nexthome.ca

GREATER GOLDEN HORSESHOE EDITION

Connecting Canadians to new HOMES & CONDOS for more than 25 years

NOWING: ER COV ENTIRE H T E GOLDEN ER R G EAT SESHOE HOR

COMING THIS FALL! TO TORONTO’S DOWNTOWN EAST

REGISTER TODAY

416.955.0559

DUEASTTO.CA

INSIDE:

Q&A WITH REAL ESTATE EXPERT DON CAMPBELL

INSPIRATION: STYLE ME #BACKTOSCHOOL

NEW RELEASE

Welcome to the most sought-after, most innovative and the largest master-planned community Hamilton has ever seen. It’s all here: nature, transportation, shopping and a true sense of community.

BACK-TO-BACKS & 3-STOREY TOWNS from the $400’s 2-STOREY TOWNS from the $500’s

REGISTER NOW MyCentralPark.ca Pritcha

2 NextHome.ca

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Pricing and specifications subject to change without notice. Map not to scale .E.&OE.

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SEPTEMBER 2 - 16, 2017  3

COMING SOON TO U P TO W N G EO RG E TO W N

Get the best of all worlds at 42 Mill Street.

A luxurious new condominium surrounded by green space.

Just a short walk from historic, downtown Georgetown.

A wide array of spacious 1, 2 & 3 bedroom suites up to 1,800 sq. ft.

from the mid $400’s

REGISTER NOW AT:

42MillSt.com Exclusive Listing: Baker Real Estate Incorporated Prices and specifications are subject to change without notice. All renderings are artist’s concept only. E. & O. E.

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

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

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

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

Union Station

Pearson Airport

York University

Vaughan Mills

GO ANYWHERE FROM HERE Situated in Maple, GO.2 offers large family-friendly suites and townhomes and top quality features and fi nishes. GO.2 is directly adjacent to the Maple GO station - a mere 30 minutes from downtown. This prime location ensures you can get almost anywhere, anytime, in nearly no time.

From the mid $300,000’s Townhomes from the low $600,000’s Limited time offer, 20% deposit before occupancy

MAJOR MACKENZIE DR W

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

DUFFERIN ST

pembertongroup.com

EAGLE ROCK WAY

MCNAUGHTON RD E

905.553.1430

MCNAUGHTON RD

KEELE ST

Presentation Centre Now Open 1860 Major Mackenzie Dr., Unit 7 & 8

You call it a grand entrance.

We call it Pemberton.

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 Illustration is artist’s concept. E. & O.E.

SEPT 2 – 16, 2017 | VOLUME 25 ISSUE 16

CONTENTS

22

ON THE COVER:

The Daniels Corporation DUEAST CONDOMINIUMS: A NEW RESIDENTIAL OPPORTUNITY COMING SOON TO THE AWARD-WINNING REGENT PARK 10 NextHome.ca

Q&A: 100 IN CONVERSATION WITH DON R. CAMPBELL, REAL ESTATE INVESTOR, EDUCATOR AND AUTHOR

special feature:

34 GTA News

Great Gulf supports Sunnybrook; using debt to your advantage

38 GTA News

46 BIKE-FRIENDLY CONDOS HOW BIKE-FRIENDLY ARE TORONTO CONDOS?

Gupta Group’s COO among Top 40 Under 40; Vandyk acquires studio site

56 Fall Home Show

Setting the stage for the Toronto Fall Home Show

84 National News

Home sales in July; are you properly insuring your belongings?

PROPERTY PROFILES

26 Mattamy Homes

Now previewing: Vita Two on the Lake

88 Altus Group

Southwestern Ontario new home market

42 Pinnacle International Perla Towers coming soon to Pinnacle Uptown

66 Geranium Homes

72 Ballymore Homes

Killarney Beach Phase 2 an instant hit in Innisfil

ounaiOne20 Condominiums in beautiful Fonthill

Tackling housing unaffordability

BY LYDIA MCNUTT

28 BILD Report

Structural changes can make your new house your perfect home

BY BRYAN TUCKEY

32 Tarion Report

TRENDING

16 National News

Evidence of problematic conditions: CMHC Expanding GO service; recreation properties; BILD announces HomeFest

48 Mortgage Intel

The fastest ways to save for a home

BY ALYSSA FURTADO

62 Stat Chat

What is happening in the Toronto housing market?

BY BEN MYERS

78 Legally Speaking

What should I buy and how should I do it?

BY JAYSON SCHWARZ

INSPIRATION

54 Style File

58 King East Where to shop for decor

60 Design Secrets

Bath or shower? This is the divisive question!

BY JANE LOCKHART

IN EVERY ISSUE

12 Editor’s Note

Looking for a new home?

We have a new app for that

14 Contributors

BY HOWARD BOGACH

80 Hot Properties GTA

36 Fundamentally

18 GTA News

BY BARBARA LAWLOR

BY ELISA KROVBLIT

20 News & Views

94 Mountainview Homes

12 tips for new condo buyers

Back to school

ADVICE

Edgewood offers familyfriendly living in Pickering

40 Condo Pro

Speaking

96 Hot Properties SWO

The GGH may be poised for an autumn surge

102 Advertiser Index

BY WAYNE KARL

103 What’s Online

NEIGHBOURHOOD PROFILES:

33 Regent Park

92 St. Catharines SEPTEMBER 2 - 16, 2017 11

NEXTHOME

EDITOR’S NOTE HOME IS WHERE THE HEART IS FOR MOST OF US, A HOME IS THE BIGGEST PURCHASE

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

GET ED! PIR INS

we’ll make in our lifetime. It’s also arguably the one that will bring us the most joy.

In the long run, real estate is typically a sound investment, affording financial security with the potential to help fund a truly golden retirement some day.

In the shorter term, if you’re looking for immediate gratification, nothing beats the feeling of stepping through your front door and knowing you’ve arrived “home.”

The question is, what is “home?”

The answer starts with an open mind and a reality check. Sprawling estates and white picket fences are lovely and all, but if you’re on a limited budget, as most homebuyers are, know that compromises are part of the process.

Here’s where it helps to make a list of must-haves and nice-to-haves, and be clear on what you’re willing to compromise on when push comes to shove. If a big family and oodles of children are part of your plan, then a move to the suburbs could afford you the five bedrooms you may need to accommodate your big brood. On the flip side, downsizers, jet-setters and social butterflies may flock to a compact city condo, where entertainment is plentiful and maintenance is minimal.

As the saying goes, “home” is where the heart is.

Happy home hunting!

#backtoschool page 54

bath or shower page 60

+ get social 12 NextHome.ca

Interact with us on social media: nexthome

Coming Fall 2017 to Stoney Creek

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.

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.

REGISTER NOW

$300s

CONTRIBUTORS

BILD REPORT | BRYAN TUCKEY

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

VICE-PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford ASSOCIATE PUBLISHER

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

Jennifer Reynolds MANAGING EDITOR

Wayne Karl SENIOR EDITOR

Lydia McNutt ART DIRECTOR

LEGALLY SPEAKING | JAYSON SCHWARZ

Daiana Garay

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

CONTRIBUTING EDITORS

Sonia Bell Elisa Krovblit SENIOR ACCOUNT EXECUTIVE

Nina Downs nina.downs@ypnexthome.ca MEDIA CONSULTANT

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.

Maris Langer maris.langer@ypnexthome.ca MEDIA CONSULTANT

Rose Anne Bonanno roseanne.bonanno@ypnexthome.ca SALES & MARKETING CO-ORDINATOR

Terry Bassett SENIOR MANAGER, DISTRIBUTION

Dwayne Rutherford NATIONAL CIRCULATION MANAGER

John Jenkins

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

PRODUCTION MANAGER

Anthony Majetic PRODUCTION CO-ORDINATOR

Sandra Hanak-Vujnovic GRAPHIC DESIGNERS

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

A brand of Yellow Pages Homes Ltd.

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

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

14 NextHome.ca

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 nexthome.ca Advertising Call 416.626.4200 for advertising rates and information.

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

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

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

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

E. & O. E. Editorial Submissions from interested parties will be considered. Please submit to the editor at lydia.mcnutt@ypnexthome.ca MOS. X-MOS. X, 2017 2

o l l e h y y e l Sa s e W o t Mississauga’s tall, good-looking newcomer

Coming this August to Mississauga, Daniels will introduce the newest addition to their iconic master-planned community – Wesley Tower at Daniels City Centre.

Wesley Tower will offer an amazing location, innovative one bedroom to familyfriendly three bedroom suite designs and well-thought-out functional amenities.

Don’t miss out on Mississauga’s best new homeownership opportunity introduce yourself to Wesley today!

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SUITES FROM THE MID $200,000s

Presentation Centre

Exclusive Listing: City Life Realty Ltd., Brokerage. Brokers protected. Illustrations are artist’s concept. Prices and specifications are subject to change without notice. E. & O. E.

TRENDING

CMHC: STRONG EVIDENCE OF OVERALL PROBLEMATIC CONDITIONS CONTINUES Slow growth in the young adult population coupled with a decrease in disposable income and a pickup in home price growth has prompted Canada Mortgage and Housing Corp. (CMHC) to maintain its assessment of “strong evidence of problematic conditions” in Canada’s housing market.

“We continue to see moderate overvaluation and price acceleration,” warns Bob Dugan, chief economist at CMHC. “In the first quarter of this year, Canada saw a positive, yet slow growth in the young adult population and a drop in disposable income in all regions except British Columbia.

This gives less support to house prices, which picked up again in early 2017 after a period of decline in the back half of 2016.”

In Vancouver, “Townhomes and apartments, which typically sell for less than single-detached homes, were in high demand for first-time buyers and families. This

REPORT AT A GLANCE:

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led to multiple-offer situations, increasing prices and moderate evidence of overheating,” says Eric Bond, CMHC’s principal market analyst for the Vancouver region.

“The market continues to see moderate price acceleration and overvaluation due to low supply, despite record level construction.”

On a quarterly basis, CMHC issues its Housing Market Assessment (HMA) to provide Canadians with both expert and impartial insight and analysis, based on the best data available in Canada. This report acts as an early warning system for the country’s housing markets — an important tool supporting financial and housing market stability.

CMHC defines “problematic conditions” as imbalances in the housing market. Imbalances occur when overbuilding, overvaluation, overheating and price acceleration – or combinations thereof – depart significantly from historical averages.

CMHC’s HMA analytical framework is designed to evaluate the extent to which there is evidence of problematic conditions in Canadian housing markets. The framework assesses housing market conditions and considers the incidence, intensity and persistence of four main factors: • Overheating of demand in the housing market, wherein sales significantly outpace new listings.

• Acceleration in house prices, which could be partially reflective of speculative activity.

• Overvaluation in the level of house prices, which indicates that house price levels are not fully supported by fundamental drivers such as income, mortgage rates and population.

• Overbuilding of the housing market, when the rental market vacancy rate and/or the inventory of newly built housing units that are unsold is elevated.

Markets in the Prairies continue to show moderate to strong evidence of overbuilding.

The Vancouver market is now showing moderate evidence of overheating due to townhomes and apartments seeing high demand leading to multiple-offer situations and higher prices.

Overall rating continues to be “strong evidence of problematic conditions.”

Evidence of overvaluation at the national level remains moderate and strong evidence is seen in Toronto, Vancouver, Hamilton and Victoria.

Evidence of overbuilding has increased from six centers to seven as Quebec’s rating increases to moderate due to a high number of rental apartment starts outpacing demand.

Time and Space / Toronto

We call it Pemberton.

Mills Square / Mississauga

Time and Space / Toronto

GO.2 Condominiums / Maple

YongeParc2 / Richmond Hill

The Urban Townhome Collection / Toronto

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

Everything a home should be.

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

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

That’s the Pemberton difference.

Learn more at pembertongroup.com

You call it your personal VIP section. right space. right time.

New release of townhouses and condos at Front and Sherbourne.

Save up to $20,000 with a 15% deposit structure before occupancy.

Sales Centre Now Open

Mon – Thu: 12 – 6pm

183 Front St E, Toronto

Sat & Sun: 12 – 5pm

416-419-9553 timeandspace@pembertongroup.com P E M B E R TO N G R O U P.C O M

GTA

IN THIS SECTION

SHOWCASING NEW PROJECTS IN THE GTA

GREATER TORONTO AREA

NEIGHBOURHOOD TOUR: REGENT PARK

MAPS & LISTINGS OF NEW COMMUNITIES

SEPTEMBER 2 - 16, 2017  17

TRENDING COMPILED BY SONIA BELL

ONTARIO EXPANDING GO SERVICE Ontario is one step closer to delivering two-way, all-day GO train service between Toronto and Waterloo Region with the close of the Request for Proposals stage for the Hwy. 401 Rail Tunnel project, part of the GO Regional Express Rail (RER) program. Improved transit will ease the commute of homebuyers who live in one area and work in another.

+

QUCIK FACTS

$13.5 billion Amount Ontario has commited to implement GO RER

$15 million Amount Ontario is investing to advance the environmental assessment work for the Toronto-Kitchener-Windsor corridor.

6,000 The number of weekly trips across the GO rail network in the next 10 years, up from 1,500 HWY. 401 RAIL TUNNEL

to be delivered under Infrastructure Ontario’s Alternative Financing and Procurement model

Infastructure Ontario and Metrolinx will evaluate the proposals from three shortlisted teams and the successful proponent will be announced

Fall 2017

RECREATION PROPERTIES MAKE A COMEBACK The Rosseau Group recently introduced its first residential project in Muskoka, Legacy Cottages, at the Argonaut Rowing Club in Toronto. The innovative waterfront resort village will bring the most beloved of Canadian traditions to a new generation of cottagers.

The master-planned community puts a modern twist on cottaging, providing luxe amenities such as an infinity pool, hot tub, central pavillion and parkette, as well as a membership to Clevelands House resort facilities, situated next door. Additionally, residents won’t have to worry about maintenance, as full property management will be supplied by Cleveland House.

The project is emblematic of a new trend towards recreation properties. A recent study by ReMax reveals that more than a quarter of Canadians with children under the age of 18 would consider selling their primary residence in the city in which they live to help finance the purchase of a cottage or cabin. Moreover, 62 per cent of Millennials would consider buying a recreation property in the next 10 years.

Legacy Cottges by Rousseau Group

LEGACY COTTAGES – 5 FAST FACTS

1. Location: Lake Rousseau in Muskoka 2. Number of cottages: 43 cottages 3. Price range: $659,000 to $1.3 million 4.Type: Bungalow or bungaloft 5. Sizes: 1,500 to 2,700 sq. ft.

For more information, visit legacycottages.ca

BILD LAUNCHES HOMEFEST • WHEN: Nov. 2 to 4, 2018 • WHERE: International Centre, Mississauga • CONTACT: thehomefest.ca

18 NextHome.ca NextHome.ca | GTA

Bild recently announced the launch of HomeFest, a festival designd to help consumers modify their home to suit their lifestyle. The event will be centred around the kitchen – the heart of the home. Attendees can get up close and personal with chefs and industry experts and learn the hottest trends and techniques for food and entertainment.

THE PENTHOUSE COLLECTION

EXPERIENCE THE NOBU LIFESTYLE AT T H E H I G H E S T L E V E L I N T O R O N T O ’ S E N T E R TA I N M E N T DIS T R I C T C OM I N G S O O N NOBURESIDENCES.CA

MADISON GROUP

IN PARTNERSHIP WITH Marketed by International Home Marketing Group. Brokers protected.

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

SEPTEMBER 2 - 16, 2017 19

ADVICE | NEWS & VIEWS

TACKLING HOUSING

UNAFFORDABILITY LYDIA MCNUTT SENIOR EDITOR

That’s a big word which has become synonymous with some of Canada’s housing markets. Despite interventions at the local and federal level to cool hot markets like Toronto and Vancouver, prices are still out of reach for many hopeful homebuyers desperate to get their foot in the door, so to speak.

Among the “High priced” headlines, there’s no shortage of advice out there on how to save up for a home. Hopeful homebuyers find themselves the target of a steady stream of advice bombs about how to save more and spend less, complete with suggestions of different housing types at lower price points, and “coming soon” communities in the nether regions that might be within your price range.

These are all potentially good and feasible options for maximizing your available funds.

But ultimately, if you can’t comfortably afford to buy that home, the choice should be clear.

To those finding it tough to buy in this hot housing market, “Don’t do it,” says Brian Brown, vice-president of Lifetime Developments. He admits it’s surprising advice, particularly coming from a real estate developer. “It’s the advice I give my kids when they want to buy a toy they can’t afford.”

Now, let’s be careful not to take 20 NextHome.ca NextHome.ca | GTA

Brown’s unhesitating words out of context. Real estate has historically been a good investment and, barring any major catastrophe, will probably continue to be one in the long-term – that is, if you can manage to get your foot in the door.

The term “priced out” has become commonplace in housing markets like Vancouver and Toronto. Each of these cities has experienced incredulous rates of price growth, and both display signs of “price sprawl” into suburban areas and even further, into neighbouring cities.

To that effect, CMHC released a report earlier this year, exploring how house prices in Toronto and Vancouver impact surrounding regions. There’s a definite ripple effect.

Guess it’s not so bad, being little brother to the big city – unless you’re a prospective homebuyer who now has to pay “urban” prices for a suburban property.

So, what to do about housing unaffordability?

There’s nothing you can do about the market and its supply and demand issues. All we can do it sit back and wait to see if the new foreign buyer taxes and the recent mortgage rate increase (with more expected!) have an effect on prices and activity.

In the meantime, “Be disciplined.

Be prudent. Be responsible,” he says. “The biggest threat to our strong real estate market, and local economy, is a generation of buyers who, in pursuit of the housing dream, throw caution to the wind, assume a crippling mortgage, and take on more debt than they can handle.”

+MORE ADVICE ONLINE nexthome.ca/news/advice

$200s Suites from the high

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

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

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

Don’t wait. Head DuEast today!

REGISTER TODAY

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Exclusive, early access to suites, floors & views

*

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

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

COVER STORY

DUEAST CONDOMINIUMS NEW RESIDENTIAL OPPORTUNITY FROM DANIELS COMING SOON TO THE AWARD-WINNING REGENT PARK! 22 NextHome.ca NextHome.ca | GTA

The Daniels Corporation’s legacy of creating landmark communities continues in the multi, award-winning Regent Park community, where the newest residence, DuEast Condominiums, will go on sale this fall. The Regent Park revitalization has become one of the most sought-after residential destinations in Toronto’s downtown east. DuEast will be the eighth condominium in this vibrant neighbourhood.

LOCATION, LOCATION, LOCATION

DuEast Condominiums will be situated on the northeast corner of Dundas Street East and Sumach Street, putting residents in the middle of this community’s internationally renowned cultural, recreational, educational, culinary and entertainment amenities.

First Home BOOST Program, qualifying first-time buyers can take advantage of an interest-free loan for the remaining 10 per cent of their required down payment, turning a five-per-cent deposit into 15 per cent*. This is one of the best homeownership opportunities in Toronto today!

BE AMONG THE FIRST

For the best chance to buy, registrants can join the DuEast Inner Circle. Perks include an invitation to Daniels’ preview event and first advance sale, where members can choose their suite, floor and view before the general public. Joining requires a $300 registration fee, which will then be applied toward the purchase of a DuEast suite, or fully refunded if the member chooses not to purchase. Inner Circle membership closes on Sept. 20, so register now.

AMENITIES – EXPLORE INSIDE AND OUT

THE CONFIDENCE BUILDER

DuEast Condominiums fronts onto Dundas Street East, steps to the brand new Regent Park Athletic Grounds, Regent Park Aquatic Centre, City of Toronto Community Centre, the neighbourhood’s six-acre park, and the award-winning Daniels Spectrum cultural hub.

Named the 2016 and 2017 Tarion High Rise Builder of the Year, The Daniels Corporation (danielshomes.ca) is one of Canada’s preeminent builders/developers, building more than 27,000 new homes across the Greater Toronto Area for over 34 years.

LIFESTYLE IS UP TO YOUR STYLE

To register for DuEast Condominiums, visit the presentation centre at 500 Dundas St. East, call 416.955.0559 or visit online at danielsdueast.com

LEARN MORE TODAY

Embodying a strong sense of community and inclusiveness, Regent Park is home to local amenities that satisfy the needs of its diverse population.

Residents of all ages can always find something interesting to do, from sports teams to arts-related groups and more.

LEAD BY INNOVATORS IN DESIGN

DuEast’s contemporary 29-storey exterior by Core Architects will encompass street-level retail along Dundas in its podium, and office/commercial space on the second level. The condominium will feature a “Living Lane,” with landscape features, bike parking and bistro string lighting.

Amenities by Mason Studio include the lobby with concierge service, and the third floor Compass Club with yoga/stretch, cardio, strength and cross-fit spaces. The third floor Kids Zone will feature an “active” room, padded kiddie corners, play structures and library/reading nook. On the fourth floor will be a gardening space, outdoor terraces and green roof, plus the party room, rec/media room, indoor and outdoor lounges, and co-working space with coffee bar.

PRICES AND INCENTIVES – YOUR CHANCE IS NOW

*Some restrictions apply – see a sales representative for details.

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LOCATION Dundas St. E. and Sumach St., Toronto DEVELOPER The Daniels Corporation DEVELOPMENT DuEast Condominiums HOME TYPE Condominium suites

SALES CENTRE

500 Dundas St. E. CONTACT Call 416.955.0559 or visit danielsdueast.com

Prices will begin from the high $200’s for studio to three-bedroom suites. Through Daniels’ exciting SEPTEMBER 2 - 16, 2017 23

24 NextHome.ca NextHome.ca | GTA

SEPTEMBER 2 - 16, 2017  25

PROPERTY PROFILE

NOW PREVIEWING: VITA TWO ON THE LAKE The opportunity to live on the beautiful Etobicoke waterfront has been so popular at Vita on the Lake, that Mattamy Homes and Biddington Homes recently introduced Vita Two! This second phase of the incredible Vita on the Lake project on Marine Parade Drive will be a boutique residence with only 160 suites. Imagine an intimate setting that is close to the lake, with spectacular water and city views as part of your everyday life. In fact, on a clear day, vistas stretch all the way to New York State.

The much-anticipated final condominium in this community is sure to sell quickly, as it is also conveniently close to local shops and services, public transportation, major highways, schools, restaurants and a hospital. Humber Bay Marina and Martin Goodman Trail are at its doorstep, and there are several parks in the area – some within walking distance. Residents will also be able to stroll to a Metro grocery store, and this burgeoning area will soon be home to even more retail and restaurants. Marathon shoppers will appreciate the fact that the amazing 26 NextHome.ca NextHome.ca | GTA

Sherway Gardens is but a few minutes west, and downtown Toronto is minutes to the east.

Location is only part of Vita Two’s sensational appeal. Mattamy and Biddington enlisted a stellar design team for these condominium residences.

Graziani + Corazza Architects Inc. has created an exterior to resemble symmetry in motion through the recessing of balconies and a light-coloured podium. Landscaping by gh3 completes the picture of contemporary elegance.

Exclusive indoor and outdoor amenities designed

by Graziani + Corazza + Biase Interior Architects Inc. are innovative and stylish. These include a gorgeous light-filled lobby featuring 24-hour concierge service and extend to an indoor pool, large fitness room and yoga studio, a guest room and a party room with an outdoor barbecue terrace/patio. The potential for exercising, socializing and entertaining is phenomenal.

Vita Two’s well-appointed suites are designed to satisfy today’s most savvy purchasers, with layouts that maximize space and include ergonomically designed kitchens and spa-inspired baths. Most suites are also graced with oversized balconies, and some include a terrace. These outdoor spaces and large windows invite natural light to brighten your existence and bring in those striking views.

At Vita Two, purchasers will be able to select from one- to three-bedroom suites in sizes from 481 to 2,073 sq. ft., and will be priced from the mid-$500,000s.

Vita on the Lake is being developed and built by two prestigious companies with long-standing reputations for excellence. Both are known for providing innovative design, top-quality construction and exemplary service, and are well versed in waterfront development. Mattamy is the largest privately owned home builder in North America, and has built and closed more than 70,000 homes in hundreds of communities across North America.

Since being founded in the 1960s, The Biddington Group of Companies has developed numerous highrise communities and luxurious single-family homes, and has partnered with some of Canada’s most respected developers. Mattamy and Biddington created Etobicoke’s Riva Del Lago on the Waterfront condo community, and Mattamy also completed Waterscapes in the area’s Waterview community.

Vita Two is the final building at Vita on the Lake, so this is your last chance to own a brand new condominium in this enviable locale. Register at MattamyHomes.com.

+

LOCATION Etobicoke DEVELOPER Mattamy Homes DEVELOPMENT Vita on the Lake HOME TYPE Condominium CONTACT mattamyhomes.com

SEPTEMBER 2 - 16, 2017 27

ADVICE | BILD REPORT

STRUCTURAL CHANGES CAN MAKE YOUR NEW HOUSE

YOUR PERFECT HOME BRYAN TUCKEY

You’re excited about your decision to buy a home that is not yet constructed. You get to choose the colours and upgrades that will make your new house your perfect home. While this is exciting, when the time comes to meet with your builder and make these decisions, you may find yourself both exhilarated and nervous.

Your home is probably the biggest single investment you will ever make, and you want to make sure it all goes according to plan.

So, it’s not surprising that some people feel anxious.

Proper preparation will help ease any nervousness. You’ll learn what standard features and finishes your builder is offering, and can then decide on where and what you want to upgrade.

You may have many options for both big and small structural changes with a single-family home, such as a detached, semi-detached or townhome.

Joseph Bozzo of Spectrum Realty Service, a BILD member, describes simple changes as adding pot lights, electrical and cable outlets, decorative moulding, upgraded flooring and enlarging closets.

Bozzo adds that bigger changes can involve moving bathrooms, enlarging windows and finishing basements. These changes are more complicated, as they require creating new architectural drawings that will be priced based 28 NextHome.ca NextHome.ca | GTA

on the scope of the change.

You should think about structural changes that improve ease of lifestyle, says Bozzo. Such changes include upgrades like larger closets, semi-ensuites that can be shared by siblings, rooftop patios and backyards complete with amenities like gas hook-ups for your barbecue, wine rooms and large kitchens for entertaining.

Exterior changes including

“

Remember to budget for all of the changes you decide on, as the price of your home will go up as a result.

”

garage doors and entry doors are rarely allowed, as all elevations are based on the architectural design and cannot be altered.

It can be more difficult to apply upgrades to condos. Kitchens and bathrooms are locked into place because of the plumbing and ventilation stacks, and load-bearing walls cannot be repositioned.

Some condo upgrades that can easily be done include adding pot lights (depending on ceiling height) and extra electrical and cable outlets, says Barbara Lawlor of Baker Real Estate, another BILD member. As long as you don’t have to move the plumbing, you can redesign your kitchen. Making

closets bigger is a good option too, which will increase storage space – but be aware that you will lose floor space.

Remember to budget for all of the changes you decide on, as the price of your home will go up as a result. Usually you’ll find the increase to be about three to five per cent of the purchase price.

Make sure you understand what your payment options are. If you plan on paying for the upgrades separately from your mortgage, find out if the builder wants it all up front or if you can stagger the payments. If you plan on adding the upgrades to the final cost of the home, you will probably need permission from your mortgage holder.

Timing is important when deciding on and ordering structural changes. Once the frame of your house is up, it’s too late to change wall locations. And if the plumber and electrician have already done their work, it’s too late to move bathroom fixtures, add outlets or pot lights.

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

+MORE ADVICE ONLINE nexthome.ca/news/advice

COMING SOON TO HAMILTON FALL 2017

TELEVISION CITY MODERN HIGH RISE HOMES FROM THE LOW 200’s

REGISTER NOW FOR A CHANCE TO BUY! Visit online or email for more details, info@televisioncity.ca

TELEVISIONCITY.CA 905.512.4700

DEVELOPER

EXCLUSIVE BROKER

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

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

SEPTEMBER 2 - 16, 2017 29

AURORA

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

LAKEVIEWHOMESINC.COM

REGISTER NOW

COMING FALL 2017

A ONCE-IN-A

LIFETIME OPPORTUNITY 40’ • 45’ • 60’ LUXURY SINGLES BACKING ONTO THE MAGNA GOLF CLUB

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ADVICE | TARION REPORT

LOOKING FOR A NEW HOME? WE HAVE A NEW APP FOR THAT

HOWARD BOGACH

Are you looking to buy a newly constructed home somewhere in Ontario? There’s a new app for that!

The free app is called MyHome Planner, and it was created by Tarion. Tarion is the province’s consumer protection organization for new-home buyers and owners, which administers the warranty that comes with almost every new home and condominium. Tarion also registers builders in Ontario.

Tarion created this app to help homebuyers make more informed decisions when purchasing a new home. It shows you where builders have proposed developments across Ontario, and provides some valuable warranty information before you even get the keys to your new home.

With MyHome Planner, prospective new-home buyers can research builders by accessing the Ontario Builder Directory, right from the app. This directory lists all registered builders in the province.

If a builder is not listed in this directory, they are building illegally.

The directory also provides helpful information about where builders have built new homes, how many, and whether there is a history of warranty claims. It will also tell you if a builder has been recognized by their customers for service excellence.

And as you’re “shopping” for a new home or condo, the app has

a helpful feature that allows you to share any new home opportunity with friends and family by texting or emailing them directly from the app.

MyHome Planner will also help you organize the many deadlines and appointments that come with buying a new home. Users can enter important dates – such as your pre-delivery inspection appointment, decor centre meeting or the first closing date – and MyHome Planner will send reminders.

“

32 NextHome.ca NextHome.ca | GTA

The MyHome Planner app is available for Android devices in the Google Play Store and Apple devices in the App Store.

”

The app also has a series of helpful tips and information at each stage of your home buying journey.

For example, new purchasers touring a builder’s decor centre should always keep in mind that natural products, such as granite counters or hardwood flooring, may not match the samples you see when they are actually installed in the new home. There may be variations in colour or grain that are not obvious from the sample.

All of this helps eliminate unexpected or even disappointing surprises when you walk through the front door of your new home.

Before any new-home buyer actually takes possession of their home, they will be given a predelivery inspection by the builder.

This is an important first chance to walk through the home and take note of any missing, damaged or incomplete items, and find out how the major systems of the home work. The new app provides tips and guidance for this important first step to new homeownership.

Finally, the MyHome Planner will help you better understand the warranty that comes with your new home and how to get it registered with Tarion. Links to Tarion’s website will help you become familiar with your warranty rights and responsibilities.

After you take possession, the app lets you connect with MyHome – Tarion’s online portal for managing your new home warranty quickly and easily, The MyHome Planner app is available for Android devices in the Google Play Store and Apple devices in the App Store. So, if you are looking for a new home or condo, I would encourage you to download it today. It will make your new home buying experience easier and help you become a better-informed buyer.

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

+MORE ADVICE ONLINE nexthome.ca/news/advice

Fleur, a Menkes condominium, is breathtaking by design. Sleek edges and striking angles command attention, as natural materials echo its storied surroundings. With access to TTC, endless retail, dining, and entertainment, Fleur is your link to Toronto’s downtown core. And with amenities like a gourmet chef’s kitchen, collaborative working space, a world-class CrossFit gym and yoga studio, all right in the building, you truly are at the centre of it all.

PREVIEW THIS LIMITED OPPORTUNITY AT THE MENKES CONDO CENTRE AT 770 BAY ST, TORONTO OR CALL 416 591 7700 MONDAY - THURSDAY 12PM TO 6PM SATURDAY & SUNDAY 12PM TO 5PM

MENKES.COM

Illustrations are Artist’s concept only. E.&O.E.

365 CHURCH

CHURCH & CARLTON Move-In This Fall Now Previewing Townhomes from the mid $900’s

THE EGLINTON

YONGE & EGLINTON Under Construction From the low $300’s

HARBOUR PLAZA HARBOUR & YORK Move-In Early 2018 Now Previewing Penthouses from $2.1 million

87 PETER

PETER & KING Under Construction Penthouses from the low $800’s

FLEUR

CHURCH & SHUTER

Construction Starting Soon 1, 2 & 3 bedrooms from the low $500’s

LEARN MORE AT THE MENKES CONDO CENTRE AT 770 BAY ST, TORONTO 416.591.7700 @MENKESLIFE See sales representative for details. Prices and specifications are subject to change. Illustrations are artist’s concept only. E.&O.E. 2017

NEIGHBOURHOOD PROFILE

REGENT PARK A NEW AND IMPROVED NEIGHBOURHOOD HOT SPOTS

REGENT PARK Built around a park, Regent Park is being returned to its former glory with baseball diamonds, a swimming pool, children’s playgrounds and a wading pool.

MEET THE NEIGHBOURS

BY JOANNE KEENAN

Regent Park proves that you can reinvent the wheel with a citybacked redux that is raising this neighbourhood from ashes to a vibrant community of city streets, compact blocks, businesses, condos, rental apartments, community services and a blend of residents spanning the full spectrum.

VIBE

Nothing says new and improved more than Regent Park. Fresh, clean and vibrant with a phenomenal sense of community as redevelopment puts in place cross streets, amenities, housing and businesses for an engaging way of life. Still in the growing stages, former residents and families are eager to return, while newcomers long to ride the wave of growth that has begun.

Residents come from a wide variety of cultural backgrounds and nationalities, which inspire artistic, cultural and educational activities. More than 60 different first languages are spoken, making Regent Park one of Toronto’s most culturally diverse neighbourhoods.

PLANES, TRAINS & AUTOMOBILES

Streetcars provide easy access to the Yonge-University-Spadina subway line and Castle Frank station on the Bloor-Danforth subway line. The Don Valley Parkway is just to the east, linking to the Gardiner Expressway and Lake Shore Boulevard.

REAL ESTATE

Affordability is key for those starting out, new to the country or those of limited means, and that is the hallmark of the rebuilding of Regent Park. The focus has been on returning former residents to healthier homes geared to their incomes. Funding initiatives have made it possible for former renters to become owners.

OUTDOOR SKATING RINKS Two outdoor artificial ice rinks welcome pleasure skating, hockey, shinny hockey, learn to skate and hockey school programs as long as the snow flies.

REGENT PARK AQUATIC CENTRE This state-of-the-art facility features lap, leisure and warm water pools, Tarzan rope, diving board and water slide, with programs geared to all ages.

+DID YOU KNOW?

The area now known as Regent Park was originally called Cabbagetown for the vegetables grown on front lawns in the area.

SEPTEMBER 2 - 16, 2017 33

TRENDING

GREAT GULF RAISES MONEY FOR YOUTH WITH BIPOLAR DISORDER Great Gulf partnered with Sunnybrook to advance the work of the Centre for Youth Bipolar Disorder and raised $165,900 from its golf tournament, bringing total funds raised to $1.4 million.

This strategic partnership seeks a better future for youth with bipolar disorder through a dual mandate: to remove the stigma, prejudice and discrimination against those suffering with mental illness, and to increase awareness of this challenging disorder to encourage early treatment.

“

“Mental illness is one of the most pressing issues facing our teens today,” says Great Gulf President Christopher Wein. “Our partnership with the Centre will not only include funding but also working together to launch a strategic awareness campaign to heightened awareness of the symptoms and the need for early treatment to successfully manage this disorder. A special thank you to all of our staff and sponsors for making the golf tournament an outstanding success.”

USING DEBT TO YOUR ADVANTAGE Going into debt can be good for your retirement. Yes, you read that right.

For most Canadians, the goal is usually paying down debt – be it a mortgage, car loan or credit cards – not taking on more of it.

But, as Canadians grow increasingly concerned about saving for retirement, they can take note of a key message of a new book from Toronto-based wealth planner and mortgage broker Calum Ross: debt can be a key tool to help you achieve your financial goals.

Indeed, in the Real Estate Retirement Plan: An Investment and Lifestyle Solution for Canadians, by Ross with Simon Giannini, the message is clear – 34 NextHome.ca NextHome.ca | GTA

real estate, and the debt you take on to obtain it, can be central to a successful retirement plan.

Written in a clear, understandable and non-intimidating style, the Real Estate Retirement Plan makes a case for borrowing to purchase income-producing investment properties, and borrowing to invest in appreciating assets.

Leveraging equity in a principal residence and using it wisely to purchase rental property is the solution to a safe, secure retirement for millions of Canadians. With examples and a detailed discussion of the principles and mechanics, the book helps demystify and make a strong case for borrowing to invest.

“There is such a good thing as good debt,” says Ross.

”

The Real Estate Retirement Plan is available on amazon.ca

ADVICE | FUNDAMENTALLY SPEAKING

GET SET TO RISE IN THE FALL DESPITE SOFT SUMMER STATS, THE GGH MAY BE POISED FOR AN AUTUMN SURGE

WAYNE KARL In another classic case of a misleading headline – repeated by major media outlets across the country – “Canadian home sales fall further in July.”

So read the latest statistical release from The Canadian Real Estate Association (CREA), for July 2017.

Let’s just get this out of the way: CREA reports that the number of homes sold via Canadian MLS systems fell 2.1 per cent in July 2017, the fourth consecutive monthly decline. While the monthly decline was about onethird the magnitude of those in May and June, it leaves sales activity 15.3 per cent below the record set in March.

Yes, that’s the picture for Canada as a whole. Yikes. Sounds pretty bad.

But as we often point out in NextHome, when you buy a home, you don’t buy the “Canadian market,” or even a provincial or regional one. You buy one property, in one neighbourhood, in one city or town.

So, what should homeowners and prospective homebuyers in the Greater Golden Horseshoe really care about when it comes to such news?

“July marked the smallest monthly decline in Greater Golden Horseshoe home sales since Ontario’s Fair Housing Plan was announced in April,” says Gregory 36 NextHome.ca NextHome.ca | GTA

Klump, CREA’s chief economist.

“This suggests sales may be starting to bottom out amid stabilizing housing market sentiment.”

Boom. There it is.

“When mortgage lending rules were adjusted last fall, we saw sales initially slow, as buyers took a wait and see approach to determine where the market was headed,” Christopher Alexander, regional director, ReMax Integra, Ontario-Atlantic, told NextHome.

“Sales eventually leveled out and ultimately led into what was the strongest Q1 on record in the GTA in 2017.

“We anticipate a similar patter to bear out following the introduction of the Fair Housing Plan. Monthly sales and prices declines are slowing, and the market appears to be leveling out as buyers adjust to new market conditions. It is likely that we see a more robust fall market, especially in periphery markets in the Greater Golden Horseshoe where buyers can still find relatively affordable options, compared to Toronto.”

As for home prices, the national average price for homes sold in

July 2017 was $478,696, down 0.3 per cent from where it stood a year earlier. This was the first yearover-year decline since February 2013, reflecting fewer sales in the GTA and Greater Vancouver.

But, there’s another proverbial but.

Benchmark price gains slowed on a year-over-year basis in the GTA, Oakville-Milton and Guelph, CREA says. But, they remain well above year-ago levels – GTA 8.1 per cent; Oakville-Milton 12.7 per cent; and Guelph 23 per cent.

So, when you look at real estate markets on a more local basis, things don’t look so bad, eh?

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

+MORE ADVICE ONLINE nexthome.ca/news/advice

REGISTER NOW FOR YOUR OPPORTUNITY TO BUY!

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

DEVELOPER

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

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

BAUHAUSTORONTO.COM 416.368.5262 SEPTEMBER 2 - 16, 2017 37

TRENDING COMPILED BY SONIA BELL

THE GUPTA GROUP’S REETU GUPTA AMONG CANADA’S TOP 40 UNDER 40 Reetu Gupta, chief operating officer at The Gupta Group and The Easton’s Group, was recently honoured by Canada’s Top 40 Under 40 as an outstanding young achiever in Canadian business.

Gupta has co-led the company to become a successful residential real estate developer. In 2017, the launch of Icona Condos in Vaughan’s Metropolitan Centre broke records when its three towers sold out in less than a month.

Reetu Gupta, COO, The Easton’s Group and The Gupta Group

For more information, visit guptagroup.ca

“

This is one Canada’s most prestigious awards for young business leaders and I am grateful and feel blessed to be in the company of so many dynamic current and past recipients.

”

– Reetu Gupta

VANDYK ACQUIRES FILM STUDIO SITE IN ETOBICOKE VANDYK group of companies recently acquired the two-acre, 70,000-sq.-ft. New Toronto Studios located at 23 Buckingham St. in South Etobicoke.

The New Toronto Studio site occupies a central location opposite the Mimico GO Train Station.

However, according to Sherman Chan, vice-president of Acquisitions and Development for Vandyk, New Toronto Studios is not only appealing due to its proximity to transit and SanRemo Bakery and Cafe, a local landmark on Royal York Road. “It’s an ideal-sized site and the whole area is actively undergoing planning discussions to create a new transit-oriented mixed-use community that links into the Mimico GO station, the 10-acre Grand Avenue Park, and the adjacent Mystic Point neighbourhood.”

Vandyk is no stranger to the South Etobicoke area.

The developer is currently building a new condo development, Backyard Neighbourhood Condos, at 150 Berry Rd. For more information, visit vandyk.com

38 NextHome.ca NextHome.ca | GTA

From left to right: Domenic Zita, Sherman Chan, John Vandyk, John Marquez, Paula Marquez, Ed Marquez, Lee-Ann Marquez, Ana Cristina Marquez and Christopher Marquez

OUR 25TH ANNIVERSARY COMMUNITIES: CURRENT COMMUNITIES AFFINITY CONDOMINIUMS ALDERSHOT / BURLINGTON Two Contemporary Mid-Rise Condominiums Starting from the upper $300’s NEIGHBOURHOODS OF

We have been innovating for...

MOUNT PLEASANT - BRAMPTON Freehold Traditional Towns and Contemporary Townhaus Collection Starting from the mid $700’s PLATINUM COLLECTION RANDALL RESIDENCES - OAKVILLE Suites from $2.2 million By appointment only RandallResidences.com

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

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

HOLLAND LANDING/ ANCHOR WOODS Singles & Towns

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

(1-888/416) 410-0175

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

SEPTEMBER 2 - 16, 2017 39

ADVICE | CONDO PRO

12 TIPS FOR NEW CONDO BUYERS

BARBARA LAWLOR

Shopping for a condo? Great news – your decision is a wise one. Today’s condos are more beautiful and more efficient than ever before. To help you with this exciting life step, here a few tips: Prepare: 1. Get pre-qualified for a mortgage before you shop. This way, you can avoid falling in love with something you cannot afford. Know your budget. And guess what? You may be able to afford more than you think!

2. First-time buyers, keep in mind that postponing your entry into home ownership may mean buying when mortgage interest rates have gone up, which they eventually will. Even a fraction of a percentage point now can mean a difference of many thousands of dollars over the course of your amortization. Look for first-time homebuyer seminars, which can be a big help in teaching you what you need to know to make an informed decision.

3. Consider location first. How long will your work commute be? Make the trek during rush hour before you buy. Can you walk to amenities and avoid using a vehicle for errands? Many of today’s condos earn a Walk Score of 100!

4. Look at suite designs carefully.

Are you buying with a roommate?

Do you need separate bedrooms? If 40 NextHome.ca NextHome.ca | GTA

so, check out designs in which the bedrooms are at opposite ends of the suite for added privacy.

“

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

”

Visit sales offices: 5. Don’t underestimate the power of seeing how a builder’s suites “live” by touring the models. In addition to helping you envision the real thing from floor plans, the models are full of wonderful design and décor ideas that can help you make choices at your colour selection appointment.

6. Developers and builders dedicate a lot of resources to creating sales offices and models that showcase the potential in the suites they are selling. You can pick up a lot of visual tips on decorating from prestigious designers whom you might not otherwise be able to hire as consultants.

7. Use your sales office visit to gather as much information as possible. The Internet is a wonderful tool, but there is nothing like being able to speak one-onone with a knowledgeable sales representative.

8. How do the sales office and models look when it comes

to quality? This is your first opportunity to see firsthand how well built you can expect your suite and building to be.

Lighten your load: 9. If you’re moving into a condo from a large home, pare down your stuff and avoid cluttering up your new space. A home organizer can help.

10. Consider holding a yard sale, passing down family heirlooms to the younger generation, donating furniture and other items to charities and consignment shops, selling things on the Internet, giving things away, and when all else fails, throwing items that are past their prime in the trash.

11. Use the floor plan of your new suite as a guideline. The room dimensions are on it. I have known people to cut out scale representations of their furnishings and place them on the floor plans to see whether they fit and how they might be arranged for optimum effect.

12. If you are selling your larger home, remember that it will sell more quickly if it is neat and tidy without a lot of items piled in corners and on surfaces.

Barbara Lawlor is president of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condominium developments.

+MORE ADVICE ONLINE nexthome.ca/news/advice

peter & adelaide made in toronto

Condos from the $300s Register now at peterandadelaide.com Exclusive listing brokerage: Baker Real Estate. Brokers Protected.

Prices and specifications are subject to change without notice. Illustration is artist’s concept. E. & O. E. SEPTEMBER 2 - 16, 2017  41

PROPERTY PROFILE

PERFECTLY YOU. UTTERLY PRECIOUS. PERLA TOWERS – COMING SOON TO PINNACLE UPTOWN’S GRAND COMMUNITY IN MISSISSAUGA PERLA, PINNACLE UPTOWN’S

lustrous new addition to the grand community, consists of two unique oval towers surrounded by all the advantages of an urban lifestyle in a beautifully landscaped community. Rising 15 42 NextHome.ca NextHome.ca | GTA

and 34 storeys tall, Perla offers condominium residences that are utterly precious and perfectly suited to you.

PERFECTLY DESIGNED

Pinnacle’s renowned suite

layouts and focus on exceptional appointments are clearly reflected in the suites at Perla. In addition to spacious and functional designs, the suites come complete with laminate flooring, quartz countertops, stainless

steel kitchen appliances, undercabinet lighting, nine-ft. ceilings and expansive floor-to-ceiling windows. Sensible layouts pair with luxurious finishes to create condominium homes that are as liveable as they are beautiful.

PERFECTLY SOCIAL

What distinguishes Perla is its extensive amenities. Perla offers a life infused with glamour, fitness and fun in a matchless urban setting. Residents will enjoy 24-hour concierge, an indoor swimming pool and hot tub, fully equipped exercise room, serene yoga room, party room with kitchenette, billiards room, outdoor terrace with barbecue areas, a library and a kids’ play area. Entertaining in style has never been easier!

THE PERFECT COMMUNITY

Located at the corner of Hurontario and Eglinton Avenue West, Pinnacle Uptown is a 36acre master-planned community

that has all of the advantages of a vibrant urban centre, as well as the tranquility of a suburban escape.

Set amidst 15 glorious acres of parkland, pedestrian pathways and a winding creek, and with the future LRT at its doorstep, Pinnacle Uptown is an urban-suburban enclave where residences can get the best of both worlds.

Pinnacle Uptown is redefining Mississauga as the new go-to community where residents will enjoy living, working, and playing in one of the city’s most desirable neighbourhoods.

CONVENIENT TO EVERYTHING

Mississauga – here’s a home so perfectly desirable. It’s precious.

Register now to be part of this amazing community. Suites range from 574-sq.-ft. one-bedroom layouts to 980-sq.-ft. twobedroom-plus-den plans. Prices start from the mid-$300’s. For more information, please register online at PinnacleInternational.ca or call 905.568.9000.

“

Perla offers a life infused with glamour, fitness and fun in a matchless urban setting.

”

ABOUT THE BUILDER

Pinnacle International is one of Canada’s leading builders of luxury condominium residences, hotels and commercial developments.

Based in Vancouver, Pinnacle has been involved in development, design, construction and management for more than four decades. Pinnacle’s portfolio includes landmark locations in Vancouver, Toronto, Mississauga and San Diego. A Pinnacle property is always place-perfect, with an élan of its own.

+

LOCATION Mississauga DEVELOPER Pinnacle International DEVELOPMENT Perla Towers at Pinnacle Uptown HOME TYPE Condo suites

SALES CENTRE

Hurontario & Eglinton CONTACT 905.568.9000 pinnacleInternational.ca

SEPTEMBER 2 - 16, 2017 43

G R AND OPE NING

Renderings are artist’s concept only.

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

PICKERING

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

Townhomes starting from the low $800’s

HIGHWAY 401

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BAYLY STREET

* PRESENTATION CENTRE GULL CROSSING

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PRESENTATION CENTRE: 1635 Bayly St., Pickering, ON

FBSales@MadisonGroup.ca | 905.839.0038

COMMERCE ST.

SANDY BEACH RD.

Detached homes starting from $1.5M

SPECIAL FEATURE

HOW

ARE TORONTO CONDOS?

BY WAYNE KARL

M

ore highrises, more bike lanes, more cyclists… the city is changing, but how bike-friendly are Toronto condos? Some wonder if we’re headed for a collision somewhere down the road.

Why? “There are so many more bikes on the road these days,” condo industry consultant Jeanhy Shim told NextHome. “In some parts of the city, there are tons of bikes, which is great.”

Areas with high cyclist traffic naturally include those with dedicated bike lanes, particularly along major thoroughfares such as Bloor Street and Adelaide Street. The City is planning more of them, and is investing in cycling infrastructure to encourage Greener living, a healthier lifestyle and other benefits of “growing up vertical.”

But there are challenges.

“I had no idea when I bought my condo, that I wouldn’t be allowed to take my bike upstairs,” says John Brown (not his real name). “They forced me to park it outside. The week I moved in, it was stolen.”

It’s an example of that highlights one of the challenges Toronto faces – in addition to emotionally charged issues such as cars parking in bike lanes and road safety. With all these condos going up around the city, and the cycling culture exploding here, how bikefriendly are these buildings?

46 NextHome.ca NextHome.ca | GTA

While developers may not be brining bike-friendly buildings to market as fast as cycling in the city is growing (some are calling it the #SummerOfTheBike), the good news is that more condo builders are coming up to speed in catering to this growing demand.

Some builders provide access to Bike Share, itself a growing program in Toronto. Others are making bike parking a higher priority amenity, while others still are going even further.

You’ve heard of car-free buildings? How about bikespecific condos?

It’s happening.

BIKE-SPECIFIC CONDOS

Fieldgate Urban has a proposal before the City to build a 16-storey mixed use building, so far referred to as 572 Church St., reflecting its address. The project comprises 98 condo units and parking spots for 117 bicycles – and zero for cars.

“The strategy for parking here is that it is a tight development with a boutique building very close to many modes of transit, including dedicated bike routes and mass public transit,” David A. Mandell, vice-president, development for Fieldgate Urban, told NextHome.

“This is a walking neighbourhood. We believe there

Fieldgate Urban has a proposal before the City to build a 16-storey building comprising 98 units and parking spots for 117 bicycles – and zero for cars.

is a strong market for residential without car parking at Church and Wellesley. We aren’t marketing it as a bike-specific condo per se, although we believe we will get attention simply due to that fact.”

If the project is approved, Fieldgate expects to begin selling 572 Church in late winter 2018.

OUT WITH THE OLD

Generally speaking, most (in fairness, older) condos don’t allow unit owners to bring bikes into common areas such as elevators, fearing damage, wear and tear and inconvenience to other residents. Nor do they want people storing them on their balconies, for safety and aesthetic reasons.

Some buildings require residents to lock their bikes outside, while others may choose to “look the other way” when residents bring their rides inside, says Shim. “‘What’s the minimum required?’” has been the historical response among developers when planning bike parking, she adds.

The answer is one bike space per unit, according to a City bylaw. But how that’s delivered is determined by the developer.

“Bikes are what you squeeze into any spare space,” says Shim. “They’re kind of the last thing on the list.”

This is especially true in parking garages, where space is at a premium, with not just space allotted for cars but also for mechanical and other operations.

Some projects install bike racks in car parking spots, leasing them back to the owners. More complicated security systems, such as those that involve cameras, are cost-prohibitive, so stronger locks are usually the next step.

Such matters are generally handled through the rules of a building’s condo corporation, according to Denise Lash of Lash Condo Law, Toronto. These are put in place by developers at the time the condominium is registered. The owner-elected board can make new rules, or amend or repeal existing ones. Owners themselves can also request an owners’ meeting to amend or repeal a rule.

The problem with this process is that any changes must be put to an owners’ vote. And since the condo board is supposed to uphold the condo documents written by developers, such amendments usually require 95 per cent approval.

“Not impossible, but very difficult,” says Shim.

MORE TO COME

Fieldgate Urban’s proposed project follows at least two others on the go in the city.

Scott Shields Architects is building 24 Mercer St., a 15-storey development near King Street West and Blue Jays Way that features 12 units – with no car parking, but 30 bicycle spots.

This project is slated for completion in 2020.

One of the largest bike-friendly condos is 159 SW

by Alterra Group, at the southwest corner of Wellelsey and Sherbourne. This 36-storey, 360-unit building, which recently began construction and is scheduled for completion in October 2019, will have parking for less than 80 cars – but an individual bike locker for each of its 360 units.

The building will also provide a bicycle repair area, complete with tools, and will allow owners to take their bike into their unit.

SEPTEMBER 2 - 16, 2017 47

ADVICE | MORTGAGE INTEL

THE FASTEST WAYS TO SAVE FOR A HOME 4 TIPS TO HELP YOU REALIZE YOUR DREAM

ALYSSA FURTADO Saving money to buy a home can seem like an impossible task, especially if you want to buy in an expensive neighbourhood.

But there are some steps you can take to make saving for a home easier. These four tips can help you get closer to realizing your dreams of becoming a homeowner.

1. RESEARCH AND SET A SAVINGS GOAL

Before you shop for a home, you need to have a goal in mind.

First, you should look around the neighbourhoods you want to live in and find out the cost of homes in those areas. You should be realistic and consider less expensive neighbourhoods at first and remember that you can always move up the property ladder in the future.

Once you have an idea of how much you want to spend, you’ll need to use a mortgage affordability calculator to figure out the amount you can afford. If you already know how much you can spend, you can determine your regular payments by using a mortgage calculator. Having these numbers ready will make it easier to set a goal for the amount you need to save for a home.

2. SAVE AUTOMATICALLY

The easiest way to save money is to set your savings on auto pilot.

You can do this by setting up 48 NextHome.ca NextHome.ca | GTA

Forcing yourself to save is great because you can’t spend what you don’t have. automatic transfers to a savings account from your chequing account. These transfers can be made monthly, biweekly or even weekly. It’s better to put money away on a regular basis instead of saving what’s left over after you’ve taken care of all of your expenses.

Forcing yourself to save is great because you can’t spend what you don’t have.

There are also a couple small ways to save even more money. If there’s a specific amount you want to save but you don’t think you’re able to, you can start small and gradually increase that amount.

And if you’re thinking about saving $500 a month, consider saving $125 a week instead. At the end of one year, you’ll have $6,000 if you save money every month. If you save money on a weekly basis, you’ll end up with $6,500 – an extra $500 in savings.

3. REINVEST YOUR TAX REFUND

When you contribute to your RRSP, you’ll often get a tax refund.

But by putting the refund into your RRSP, you’ll be able to save more.

When you contribute $6,500 and your marginal tax rate is 29.65 per cent, you’ll get a refund of $1,927.25. If you reinvest that amount next year along with your $6,500 contribution, you’ll get a refund of $2,498.68. And if you reinvest next year’s refund, you’ll have $17,425.93 in your RRSP after two years before interest. If you

don’t reinvest the refund, you’ll have just $13,000 in your RRSP before interest.

Under the Home Buyers’ Plan, you can withdraw up to $25,000 from your RRSP if you’re a firsttime homebuyer. And if you’re buying a home with a spouse or partner, you can each withdraw up to $25,000 for a total of $50,000.

Keep in mind that any funds you withdraw must be in your RRSP for at least 90 days. Also, you have to repay the amount withdrawn or it’s considered taxable income.

4. CUT UNNECESSARY EXPENSES

When you’re trying to save for a home, it doesn’t mean you have to live like a pauper. There are probably a few things you’re spending money on that you don’t need or use. Gym memberships and premium TV subscriptions are probably some of your highest expenses after rent and food. If you eat out a lot, consider cooking dinner at home or making lunch to save some extra money.

Alyssa Furtado is founder and CEO of RateHub.ca, a website that compares mortgage rates, credit cards, highinterest savings accounts, chequing accounts, and insurance with the goal to empower Canadians to search smarter and save money.

+MORE ADVICE ONLINE nexthome.ca/news/advice

Elegant New Suites Now Available The Point at Emerald City.

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SEPTEMBER 2 - 16, 2017  49

shape your space.

Whether you are looking to restructure, restyle or reorganize, the Toronto Fall Home Show is your source for everything you need to shape your space! Get insight from top notch designers, renovators and organizers through complimentary one-onone consultations and discover innovative solutions to your storage issues. Plus! Shop great deals from 300+ retailers and service providers!

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INSPIRATION

IN THIS SECTION

STYLE ME BACK TO SCHOOL

KING EAST DESIGN DISTRICT

JANE LOCKHART: BATH OR SHOWER?

SEPTEMBER 2 - 16, 2017  53

INSPIRATION | STYLE FILE

STYLE ME #BACKTOSCHOOL

BY ELISA KROVBLIT

The kids are headed back to school, the grown-ups are back to work, and the lazy days of summer are coming to a close. Whether you’re moving or just getting organized for the busy fall season, here are some super-cool finds to help you get back to business.

Expressions Pillow Covers 18 by 18 in. $40 each chapters.indigo.ca

No Prob Llama Duvet Set $17 twin/queen walmart.ca

54 NextHome.ca

Kinzey Glasses (set of 4) $29 Kinzey Serving Tray $30 crateandbarrel.ca

Braided Hemp Pouf $129 cb2.ca

Dry-Erase Bistro Style Notes Decal with Marker $30 bedbathandbeyond.ca

MacBook Pro $1,729 apple.ca

Fjällbo Desk $59 ikea.ca

Chevron Storage Basket $30 homesense.ca

SEPTEMBER 2 - 16, 2017 55

TRENDING

SAVE THE DATE THE 29TH ANNUAL TORONTO FALL HOME SHOW If you’re in need of some inspiration for decorating, renovating or organizing your space, visit the upcoming Toronto Fall Home Show. Discover the latest ideas, tips and tricks to overcome household challenges, find innovative products for your next project and shop great deals from more than 300 retailers.

WHEN: Friday, Sept. 15 to Sunday, Sept. 17 WHERE: Enercare Centre, Exhibition Place (100 Princes’ Blvd., Toronto) CONTACT: 416.644.5405 fallhomeshow.com

Design and renovation advice from the pros

Celebrity designers will take the main stage to offer their coveted advice on all things decor – from home interiors, renovation, DIY and small spaces. This year’s line-up includes:

Carson Arthur, International landscape designer and outdoor expert, Cityline, Critical Listing, Home to Win, will reveal the 10 biggest landscaping mistakes we make in our homes and how to correct them

Sharon Grech, Benjamin Moore paint expert, will show key looks in home interiors and share her tips to help you navigate through common colour myths to choose the perfect paint colour

Jo Alcorn, from HGTV’s Home To Win, will show how to make every inch count in your small space with clever solutions

Yvonne Tremblay, Food and Nutrition Specialist from Foodland, provides fall recipes using in-season, Ontario grown and raised ingredients.

Leigh-Ann Allaire Perrault, Cityline design and DIY expert, will give advice on upcycling without spending a dime

Kate Davidson and Linda Mazur, designers, offer tips on creating the perfect bathroom

56 NextHome.ca

SEPTEMBER 2 - 16, 2017  57

INSPIRATION

Utility Round Mirror Klaus klausn.com

Atwood Sofa UpCountry upcountry.com

King East istrict D n g i s e D

story by SONIA BELL design by DENNIS NG

Toronto’s Design District, located along King Street East between Church and River streets, has emerged as one of the city’s top destinations for design stores – they don’t call it the Design District for nothing! Esteemed brands such as Roche Bobois, Montauk Sofa and Calligaris have all set up shop in the area, along with a roster of new fashion-forward condos that are also starting to take shape here. It’s no wonder that the Design District is one of the hottest ‘hoods in town!

+MORE INSPIRATION ONLINE nexthome.ca/news/inspiration

58 NextHome.ca

Axle Floor Lamp EQ3 eq3.com

Shelter Chair Montauk Sofa montauksofa.com

Cupertino Desk BoConcept boconcept.com

Bloom Dining Chair Calligaris calligaris.com

Ottoman Kiosk kioskdesign.ca

Platner Dining Table Design Within Reach dwr.com

Button Cocktail Table Roche Bobois roche-bobois.com

SHOP DIRECTORY 1. Appliance Haus 2. BoConcept Toronto 3. Bulthaup Toronto 4. Calligaris 5. Design Within Reach

6. EQ3 7. Italinteriors 8. Kiosk 9. Klaus 10. Modern Weave

11. Montauk Sofa 12. Roche Bobois 13. Sub-Zero and Wolf 14. UpCountry 15. Urban Barn

Shuter St

Power St

11 6

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5

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1

13 3 8

Parliament St

Richmond St E

Sherbourne St

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10 4

15

12

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The St. Lawrence

by Fernbrook Homes Time and Space

by Pemberton Group Sherbourne & Front pembertongroup.com

King East & Parliament thekingeast.com

Home by Great Gulf Power & Adelaide homeonpower.ca

7

Harris Square

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Sherbourne & Front thestlawrence.ca

Queen St E

2

CONDO PROJECTS NEAR THE DESIGN DISTRICT

Distillery District

King East & River rivercitytoronto.com

SEPTEMBER 2 - 16, 2017  59

INSPIRATION | DESIGN SECRETS

INSPIRATION | DESIGN SECRETS

BATH OR SHOWER…?

That is the (divisive) question!

We recently posed the question, “If you could choose only one – a bath or a shower – which would you prefer? Like an old-fashioned switchboard, our social media channels lit up with opinions. I quickly learned that people can be very hard-lined and protective of their choice when it comes to coming clean. There are shower people and there are tub people. Only a few pushed back, insisting on both.

It’s a question I hear with every renovation. Clients want to know if they should replace their tub with one big shower. I usually turn it back around and ask, “Do you prefer a bath or a shower?” It’s a matter of personal taste, depending on what stage of life you’re in, how long you plan to live in the house and many other factors.

Most older homes in the GTA have a combination tub-shower in the bathroom. For most of us, this is our default option. Although it may not be the best choice stylistically, it’s a great convenience. It provides you with both options in the same amount of space. Had a long day? Take a nice, long soak. Need a quick wake up to get your day started? Hop in the shower. Having a bathtub for small children is usually on a family’s must-have list, even if the parents prefer a shower.

If your decision is based strictly on functionality, the shower-bath combo is the way to go.

Which tub works best? Again, it’s personal and it’s not always about function. For some it’s all about form. A free-standing tub, the ultimate spa treat, is a luxury choice – especially if you have the space. Even more decadent is the growing trend of free-standing bathtubs in master bedrooms.

Today’s modern tubs are more than acrylic or porcelain-coated cast iron. Companies such as Victoria + Albert are using highly insulated materials that combine natural materials like volcanic limestone and resin to create a warm-to-the-touch surface.

The condo market is different, as units are built almost exclusively with showers only. When space is at a premium and you’re paying for every square foot, a shower makes more sense. Modern glass doors and great-looking tile help you forget why you’d ever want a tub in the first place. Plus, condo dwellers tend to be urbanites who believe convenience and cost-savings far outweigh the benefits of relaxing in a tub.

BY JANE LOCKHART

If you have a choice of showers, a steam shower is an excellent option to recuperate after a long day at work or a strenuous physical activity. It can reduce stress and muscle aches, and help you to relax. With so many options today, such as body jets, multiple shower heads, high-tech chromotherapy lighting and sophisticated sound systems, showers can be as relaxing as a tub.

When it comes to selecting an option that will give you a better return on your investment, it all depends on the market. With our fast-paced lifestyle, showers tend to be the preferred option, but a family with young kids may opt for a bathtub.

The bathtub versus shower question is a personal one. Which would you choose?

Jane Lockhart is founder and principal designer of Jane Lockhart Interior Design. She was creative director and host of W Network’s top-ranked show, Colour Confidential, and has a Canadian-built furniture collection, Jane by Jane Lockhart, by Statum Designs. Visit janelockhart.com

MORE INSPIRATION ONLINE nexthome.ca/inspiration

SEPTEMBER 2 - 16, 2017 61

ADVICE | STAT CHAT

WHAT IS HAPPENING IN THE TORONTO HOUSING MARKET?

BEN MYERS

Every day there seems to be six or seven new articles written about Canada’s or Toronto’s housing market. We’re in a bubble, we’re not in a bubble. Household debt is too high, but average wealth is increasing. House prices are down, yet condo prices are up.

Transactions are plummeting on Toronto resale homes, but sales continue to set records for new housing. The foreign buyers tax heavily impacted Toronto, yet Vancouver house prices are surging. How does one make heads or tails of this daily dump of contradictory information?

The first piece of advice I’ll offer is to avoid trying to time the market. People were certain that Canadian residential housing was in a bubble in 2011 and the entire country was headed for a painful housing crash. Well, you saw what happened next. Resale prices for single-detached and semi-detached homes declined pretty significantly in June and July in the Greater Toronto Area, so some people are going to wait to see if they fall further. Well, homes are still selling, and you just might miss out on that dream home of yours by waiting it out. Despite the recent drop, average resale prices in the GTA were higher in July 2017 compared to Dec. 2016.

62 NextHome.ca NextHome.ca | GTA

If you’ve really got your heart set on a new home, you don’t have the luxury of waiting. In the new highrise condominium market, there are just over 7,000 units remaining for sale, but that figure was almost 16,000 a year ago. As supply has dwindled, average new condo prices have spiked from $470,000 in June 2016 to $627,000 in June 2017, according to Altus Group figures.

“

Developers are more likely to pull pre-construction homes from the market and wait for conditions to improve, as opposed to discounting their product.

”

If you’re in the market for a new single-detached, semi-detached or row home, there’s some good news – supply has risen over the last couple of months.

Unfortunately, there are still only 1,600 new homes up for grabs across builders’ sales offices in the GTA, a 25-per-cent decline year over year. The average price for new lowrise homes is a whopping $1.25 million, up from $887,000 in June of 2016.

Some of you may not be comfortable buying preconstruction and want to purchase

a completed, new single-detached home. Canada Mortgage and Housing Corp. reports that there are 295 completed and unsold new singles in the GTA, but the average asking price is $1.7 million. Perhaps you want one of the 12 properties in the north part of Toronto. Well, the average price for those singledetached houses is $3.5 million.

Despite uncertainty in the resale market, new housing is still very expensive, and it probably won’t get cheaper. Developers are more likely to pull pre-construction homes from the market and wait for conditions to improve, as opposed to discounting their product. When it comes to completed and unsold homes, there’s a high likelihood that they would rent them instead of reducing the price.

There is a lot of conflicting information out there, and no one wants to buy a property and immediately see its value decline.

But if you’re in a place financially to buy, and intend to live in the home for several years, fluctuations in average values shouldn’t concern you. Good luck!

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

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

+MORE ADVICE ONLINE nexthome.ca/news/advice

SEPTEMBER 2 - 16, 2017  63

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

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PROPERTY PROFILE

COMING SOON FROM GERANIUM HOMES FAMILY-FRIENDLY LIVING IN PICKERING This fall, Geranium invites you to discover a new collection of spectacular detached homes in a mature, family-friendly neighbourhood adjacent to preserved woods and close to everything in Pickering. Edgewood will offer just 22 residences, set on 43-ft. wide lots in a private enclave setting on Woodview Avenue, west of Altona Road and north of Twyn Rivers Drive.

Each of the seven model types will offer three levels of finished living areas. Main floors have 66 NextHome.ca NextHome.ca | GTA

modern, open concept layouts with kitchen and breakfast areas flowing into Great Rooms and a walkout to a rear deck. Living and dining areas are separated or combined depending on the layout selected and many designs have a separate den, which makes an ideal home office.

Upper floors have wonderful master bedroom retreats with spacious sleeping area, walkin closet and spa-style ensuite.

Three additional bedrooms are generously proportioned and

have ensuite or shared ensuite access. The laundry room is also conveniently located on the upper floor.

Homes have garage parking for up to three cars and an interior door entry into a practical mudroom on the ground floor.

A powder room and finished recreation room with a walkout to the back garden are also positioned on this level.

Geranium is an award-winning home builder with a reputation for quality construction. Edgewood

Close to nature and far from ordinary.

Discover a neighbourhood just steps from the pristine woodlands of Rouge Park.

Backing onto acres of natural woodland, just minutes from the year round splendour of Rouge Park and Altona Forest, this is Edgewood.

Here, enveloped in this peaceful setting, an all new portfolio of four bedroom detached home designs will be showcased in a private enclave neighbourhood.

A short drive to the Pickering Town Centre, and even quicker to Highway 401, Edgewood is extremely well connected to the many life-enriching amenities that Pickering and its surrounding area has to offer.

COMING THIS SUMMER. 43' detached homes from $1.3 million.

Register now. edgewoodpickering.com geranium.com Prices and specifications are subject to change without notice. Brokers protected. E.&O.E. September 2017.

homes will be built with the company’s stringent Geranium Green Plus building materials and methods, resulting in a home built better than Ontario’s Building Code for lasting value. Exteriors in combinations of architectural stone, and brick, with attractive embellishments will create an elegant streetscape of stately homes.

Gracious interiors will offer today’s most desirable features and finishes, including gas fireplace, decorative coffered and tray ceilings, kitchens have pantries and separate serverys connecting to the dining room, in some layouts.

Edgewood offers a peaceful, residential setting yet is less than 15 minutes to Pickering Town Centre and the bustling Frenchman’s Bay waterfront.

Commuting into Toronto is a breeze, with Rouge Hill and Pickering GO Stations a 12-minute car ride and Hwy. 401 and 407 just minutes away. Also nearby are University of Toronto’s 68 NextHome.ca NextHome.ca | GTA

Scarborough Campus and Centennial College Morningside Campus.

Close by are an abundance of shopping options, from brand name stores to small boutiques, so whether you’re shopping for back to school, home office requirements, weekly groceries or a celebratory gift, you’ll find what you need nearby. Families will also appreciate being a few minutes from Altona Forest, Pickering’s 102-acre urban forest with a fourkm trail system winding through cedar and hardwood forests, wetlands and meadows, home to a multitude of flora and fauna.

Celebrating 40 years in business, Geranium has envisioned many master-planned communities, including more than 8,000 homes in Ontario. Geranium has a reputation as a company dedicated to providing topquality construction and high calibre finishes, installed with meticulous attention to detail.

For more insight on Geranium’s approach to home building, view

the Construction & Craftsmanship video at geranium.com Edgewood plans range in size from 3,200 to 4,000 sq. ft., with prices starting from $1.3 million. Register today at edgewoodpickering.com

+

LOCATION Pickering DEVELOPER Geranium Homes DEVELOPMENT Edgewood HOME TYPE Detached homes from 3,200 to 4,000 sq. ft. from $1.3 million CONTACT edgewoodpickering.com

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

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

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PROPERTY PROFILE

KILLARNEY BEACH PHASE 2 AN INSTANT HIT IN INNISFIL!

After launching sales at Phase 2 in The Villages of Killarney Beach Innisfil, Ballymore Homes is delighted at how well the new release of 40-, 50and 60-ft. lots is being received. Among the purchasers who appreciate value in an exceptional setting are young families who want to raise their children in an environment with small-town values. The homes are situated near the corner of 20th Side Road and Killarney Beach Road, a scenic stroll to Lake Simcoe. Ballymore has nestled the 50- and 60-ft. lots on a cul-de-sac backing onto greenspace. Prices for Phase 2 start from the low $700,000s.

Family-friendly, open-concept designs offer the spectrum of purchasers luxurious features and finishes. Spacious gourmet kitchens are graced with copious amounts of cabinets and counter space – a hit with the cook in the family. Among these kitchens’ many highlights, you will also find (all as per plan) pantries, breakfast bars and window

72 NextHome.ca NextHome.ca | GTA

seats. Ballymore’s Great Rooms redefine the concept of togetherness in beautiful surroundings, and the master bedrooms are magnificently restful. Outdoors, these homes’ big backyards invite family fun.

And all of this can be yours, only 15 minutes north of Newmarket, where equivalent homes cost thousands more.

Of course, proximity to Lake Simcoe is a huge draw to The Villages of Killarney Beach. This picturesque body of water is one of Ontario’s most popular fishing spots year round, and boaters can access several sailing yacht clubs that host regattas.

Families love the beaches that dot the shoreline, and Kempenfelt Bay is also known for excellent scuba diving.

In the Town of Innisfil, you will find 43 kilometres of shoreline, a nine-kilometre stretch of the TransCanada Trail and community parks. Commuters appreciate convenient access to Hwy. 400, which makes Toronto and the GTA a quick trip. In addition, the GO Transit stop at Hwy. 11 links commuters to the Bradford Train Station.

Amenities are never far away, as Innisfil is home to a recreation centre with programs for all ages, plus

numerous restaurants and stores. Just a few minutes away, the Cookstown Outlet Mall is a local favourite.

You can purchase with peace of mind from Ballymore Homes, a company led by principals who have had a hand in building fine new home communities in Toronto, across the Greater Toronto Area and beyond since 1994. This 20-plus year track record of excellence includes homes in Ajax, Aurora, Ballantrae, Brampton, Markham, Pickering, Richmond Hill, Scarborough, Stouffville, Sutton and Tottenham.

The culmination of this expertise shines through at Killarney Beach. Homeowners enjoy the benefits of Ballymore’s commitment to offering enviable selection, quality, value and award-winning trademark craftsmanship. Meticulous attention to detail in design and construction combine with impeccable customer service to create a whole that is much greater than the sum of its parts!

The homes at The Villages of Killarney Beach Phase 2 are selling quickly. To find out more, stop by the sales office at 1490 Killarney Beach Rd., visit ballymorehomes.com; follow Ballymore on Facebook, Twitter and Instagram; or call 1.844.785.0181.

+

LOCATION Innisfil DEVELOPER Ballymore Homes DEVELOPMENT Killarney Beach HOME TYPE Detached Homes

SALES CENTRE

1490 Killarney Beach Rd. Innisfil CONTACT 705.290.0181 ballymorehomes.com

SEPTEMBER 2 - 16, 2017 73

Markham tour o ur

New Release! New Designs!

8

deco mod rated el hom es

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

new cornell community centre & library markham stouffville hospital new shopping centres & retail shops excellent public & private schools parks, playgrounds & woodlots easy access to 401, 404, 407 & GO transit

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

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

Open Monday to Thursday from 1 to 8 p.m.

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

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

MARKHAM

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

Up to 5 bedroom townhomes

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76 NextHome.ca NextHome.ca | GTA

JOIN THE CONVERSATION

SEPTEMBER 2 - 16, 2017  77

ADVICE | LEGALLY SPEAKING

WHAT SHOULD I BUY AND HOW DO I DO IT?

JAYSON SCHWARZ

You’re getting ready to buy a home and to make what may be your single largest purchase ever.

When confronted by daily doses of doom and gloom, you may ask yourself, “What do I do?”

Don’t be afraid – take your time, do the necessary research to identify the area you like, the services available to you and to ensure there are no hidden matters that could affect your purchasing decision.

What do I mean?

You don’t want old dumps or train tracks close by, commercial malls to be built next door or unknown amenities for the home you’re considering. Go to the local municipal offices and check with the planning and zoning department to ensure you know exactly what your neighbours and neighbourhood will be.

Next, take an honest look at your job, speak with your supervisor, research how the company is doing and make sure you (and, if appropriate, your significant other), feel secure about your employment. Then speak to the mortgage specialists at your bank and consult a reputable mortgage broker. They have the experience, expertise and integrity to get you the best rate and terms.

78 NextHome.ca NextHome.ca | GTA

Find out how much money you’re able to borrow and how much of a deposit you’ll need to put down. This will allow you to focus on homes you can actually afford. Get a pre-approval in writing so you have something to rely on. It is critical you don’t get caught up in the rush of buying a house beyond your budget.

Nothing is worse than living for the house, not living in your home.

“

Go to the local municipal offices and check with the planning and zoning department to ensure you know exactly what your neighbours and neighbourhood will be.

”

Once you identify how much you can spend, determine if you want a condo or house.

Condo living provides a carefree lifestyle – someone else cuts the grass – but you pay common expenses and sometimes others determine how the amenities, if not your unit itself, can be used.

Freehold ownership provides the

freedom to do what you want but maintenance and upkeep fall on your shoulders. The choices are boundless.

Lawyers are next. Begin your search by reviewing various media outlets, such as NextHome and newspapers, radio and TV. Go online and check out the websites of different real estate lawyers.

Look to see whether they give good, informative advice, whether they provide pricing up front and whether they make you feel comfortable. Call the Law Society of Upper Canada Lawyer Referral Service, which maintains lists of lawyers and refers members of the public to lawyers who practice in the area requested.

However, this just helps you locate someone in your area; you need to really check them out further. Speak to friends who have used a lawyer for the type of service you require and ensure they did the job professionally, courteously and for the price quoted.

Once you’ve found the right area, type of home and lawyer, it’s time to find the right builder. Be careful – you want someone who will work within your budget and area, with local expertise. Drive around, check out signs, read the papers and speak to your lawyer.

+MORE ADVICE ONLINE nexthome.ca/news/advice

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HOT PROPERTIES

FIND YOUR NEXT HOME This page features a few of the latest properties to keep your eye on in the Toronto area

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

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

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

Housing type: Townhomes staffordhomes.ca

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

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

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

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

13. KINGSWAY BY THE RIVER By: Urban Capital City: Toronto Housing type: Condo lofts kingswaybytheriver.ca

14. LOGGIAS IN RICHDALE By: Senator Homes City: Richmond Hill Housing type: Luxury detached homes senatorhomes.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 80 NextHome.ca NextHome.ca | GTA

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

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

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

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

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

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

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

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

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

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

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

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

Tridel.com

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

28. CONDOMINIUMS OF CORNELL

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

36. ORCHARD WEST

MAPS Locate properties using the map on the following page

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

37. PACE ON MAIN By: Geranium City: Stouffville Housing type: Condo towns paceonmain.com

38. QUEENSWAY PARK

OTHERS (NOT FEATURED ON MAP) ALCONA SHORES

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

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

By: Bayview-Wellington Homes City: Innisfil Housing type: Luxury singles on 32-, 45- and 48-ft. lots myalcona.com

29. CORNELL ROUGE

39. RICHLANDS

GEORGIAN SANDS

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

+

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

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

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

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

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

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

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

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

43. VALLEYLANDS By: Fieldgate Homes City: Brampton Housing type: Single-detached fieldgatehomes.com

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

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

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

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

SEPTEMBER 2 - 16, 2017 81

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MAP LE GE N D NEW HOMES NEW CONDOS

START YOUR SEARCH

DOWNLOAD THE APP SEPTEMBER 2 - 16, 2017  83

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TRENDING COMPILED BY SONIA BELL

HOMES SALES CONTINUE TO DECLINE IN JULY According to recent statistics from The Canadian Real Estate Association (CREA), national home sales fell 2.1 per cent in July from June. Two-thirds of Canadian markets witnessed a decline, led Greater Toronto Area (GTA), Calgary, Halifax-Dartmouth and Ottawa.

While the interest rate hike may have motivated buyers with preapproved mortgages to make an offer, sales activity still softened in the GGH. “July marked the smallest monthly decline in Greater Golden Horseshoe home sales since Ontario’s Fair Housing Plan

NATIONAL HOME SALES YOY

11.9%

SALES-TO-NEW LISTINGS

was announced in April,” says Gregory Klump, CREA’s Chief Economist. “This suggests sales may be starting to bottom out amid stabilizing housing market sentiment. Time will tell whether that’s indeed the case once the transitory boost by buyers with pre-approved mortgages fades.”

MONTHS OF INVENTORY

PRICE GAINS YOY

Balanced market has sales-to-new listings ratio of 40% to 60%

60%

53.5%

Sales are down in of all markets, led by the GTA and nearby markets

The national sales-tonew listings ratio

23% Guelph

5.2% 2.6% National

GGH

18.1%

0.08%

Greater Toronto

GGH Feb. / Mar.

12.7% Oakville-Milton

ARE YOU PROPERLY INSURING YOUR BELONGINGS WHILE MOVING? Summer is a popular time for moving – the kids are out of school, weather is favourable and work hours tend to be more flexible. The real estate market is at its busiest during these months, but many people who are moving – sometimes between provinces – don’t know that their home insurance policies could cover their belongings while in transit.

According to a new study by Square One Insurance Services, 80 per cent of Canadians are not properly insuring their belongings while moving to a new home. Most home insurance providers will allow you to transfer your current policy to your new home.

When you transfer your current policy, your personal

1,000,000 + Canadians move to new homes within the same province each year

27% 84 NextHome.ca NextHome.ca | GTA

belongings will be insured while in transit.

Homebuyers can purchase a separate policy to cover their personal property, but it is usually more expensive than amending your home insurance policy.

“If you’re moving to a new home and aren’t transferring your current home insurance policy, then you need to ask your new provider if their policy will cover your personal property during the transition,” says Daniel Mirkovic, president of Square One. “Don’t just assume that’s the case; otherwise, you risk losing your property during the move. Some providers cover the transition, but others don’t.”

300,000 Canadians move to new homes in different provinces each year

MOST COMMON MOVES New residents moved to Ontario in 2016, the largest portion of new residents

10% Alta. to B.C.

7%

Que. to Ont.

6%

Ont. to Alta.

SWO

SOUTHWESTERN ONTARIO

IN THIS SECTION

SHOWCASING NEW PROJECTS IN SWO

NEIGHBOURHOOD PROFILE: ST. CATHARINES

MAPS & LISTINGS OF NEW COMMUNITIES

SEPTEMBER 2 - 16, 2017  85

86 NextHome.ca NextHome.ca | SWO

branthaven.com

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

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

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

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

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

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

TM

FIND MORE INSPIRATION

BRANTHAVEN.COM

SEPTEMBER 2 - 16, 2017 87

TRENDING

SOUTHWESTERN ONTARIO NEW HOME MARKET As of the second quarter of 2017, the average price of new and unsold detached homes in some of Southwestern Ontario’s key markets ranged from $582,400 (30- to 39-ft. lots) in Brant & Brantford, to more than $1.6 million (60 to 69-ft. lots) in Hamilton. New and unsold condo prices averaged $346,532 in Kitchener and $948,885 in Niagara Falls. Townhouse prices, which have increased about 19 per cent over the same period last year averaged $421,900 in Kitchener and $597,900 in Welland.

Hamilton

Guelph

Average New Home Prices

Grimsby

Average New Home Prices

1M+

$

Detached Townhouse Apartment 1,167 1,951 40-49 ft.

2,668 sq. ft. sq. ft. sq. ft.

Detached 40-49 ft.

2,165 sq. ft.

Cambridge

1M+

$596,900

$200's

Detached Detached 30-39 ft. 40-49 ft.

1,921 2,782 sq. ft. sq. ft.

Detached 50-59 ft.

3,778 sq. ft.

$346,532

$421,900

$543,233

$1,144,523

$500's

$920,396

$200's

$550,631

$402,218 1M+

$662,991

$425,900

$573,451

$571,933

Welland

Average New Home Prices $

$500's

$542,972

Detached Townhouse 1,470 30-39 ft.

2,183 sq. ft. sq. ft.

Average New Home Prices

1M+

Townhouse Apartment 895 1,584 sq. ft. sq. ft.

$200's

Detached Detached Apartment 1,448 40-49 ft. 50-59 ft. sq. ft.

2,278 2,363 sq. ft. sq. ft.

Detached 50-59 ft.

2,163 sq. ft.

$

$500's

1M+

$500's

Kitchener

Average New Home Prices $

Average New Home Prices

1M+

$500's

$748,657

$526,050

$560,150

$779,900

$699,560

$200's

Brant & Brantford $

$432,400

$

$500's

Apartment 904 sq. ft.

Niagara Falls

1M+

$500's

Semi Townhouse Apartment 893 Detached 1,651 1,657 sq. ft. sq. ft. sq. ft.

Townhouse Apartment Semi 809 1,466 Detached 1,588 sq. ft. sq. ft. sq. ft.

$200's

$597,900

1M+

Detached 50-59 ft.

2,915 sq. ft.

Average New Home Prices

Average New Home Prices

$

Detached 30-39 ft.

2,326 sq. ft.

$1,169,673

$825,400

Centre Wellington

$

$200's

Detached 30-39 ft.

2,313 sq. ft.

$200's

$683,900

Waterloo

Average New Home Prices

$200's

$456,415

$520,200

$726,990

Townhouse Apartment Semi 776 1,580 Detached 1,800 sq. ft. sq. ft. sq. ft.

$948,885

Detached 60-69 ft.

3,760 sq. ft.

$200's

$709,990

Detached Detached 40-49 ft. 50-59 ft.

3,091 2,579 sq. ft. sq. ft.

1M+

Average New Home Prices

$500's

$687,490

Detached 30-39 ft.

2,108 sq. ft.

$1,624,990

$657,665

$200's

$1,200,000

$500's

$1,109,900

$500's

$

$582,400

1M+

$

Detached Townhouse 1,405 40-49 ft. sq. ft.

1,528 sq. ft.

$371,779

PHONG NGO

Apartment 1,009 sq. ft.

Source: Altus Group

Phong Ngo is the New Homes Research Director at Altus Group, the official source of new home information for the Building Industry and Land Development Association, and a member of Waterloo Region Home Builders’ Association, Hamilton Halton Home Builders’ Association and Guelph & District Home Builders’ Association. altusgroup.com/datasolutions 88 NextHome.ca NextHome.ca | SWO

NEW RELEASE

Welcome to the most sought-after, most innovative and the largest master-planned community Hamilton has ever seen. It’s all here: nature, transportation, shopping and a true sense of community.

BACK-TO-BACKS & 3-STOREY TOWNS from the $400’s 2-STOREY TOWNS from the $500’s

REGISTER NOW MyCentralPark.ca SITE Trinity Ch urch Rd

ok Rd

Pricing and specifications subject to change without notice. Map not to scale .E.&OE.

RHVP

Mud St

Highla nd Rd . W.

Up Mt Al per bion Rd

Binbro

.

Rd E

rd Rd

Pritcha

Rymal

Upper Centen nial Pk wy

Lincol n M. Al exande r Pkw y

W

Mud

St E

1809 Rymal Road East, Stoney Creek

SEPTEMBER 2 - 16, 2017 89

90 NextHome.ca NextHome.ca | SWO

SEPTEMBER 2 - 16, 2017  91

NEIGHBOURHOOD PROFILE

ST. CATHARINES A VIBRANT CITY WITH FLOURISHING SURROUNDINGS HOT SPOTS

The floral and fragrant gateway to Niagara is St. Catharines, the Garden City. While it may seem to take its nickname from thousands of acres of blossoming gardens, parkland, orchards, vineyards and farmland which surround it, it could easily derive from the substantial greenhouse industry which thrives within the protective shelter of the Niagara Escarpment.

IN THE AREA

VIBE

REAL ESTATE

St. Catharines is a vibrant city, where lifestyle is prioritized.

The extensive waterways, trail systems and parklands create a natural network of recreational opportunities that include fishing, sailing, boating, hiking, cycling and golfing. The city celebrates its culture and agriculture through various festivals including the Niagara Wine Festival, celebrating the grape harvest with dozens of wine and cheese parties, dances, winery tours and one of the largest parades in North America.

It’s no surprise that home building is big business, especially when Niagara has become a retirement destination due to attractive resale and new home pricing that appeals to Toronto buyers. Single-detached homes are the most common housing type, and buyers can get their hands on one at a reasonable price. The average resale price of a house was in the low-$300s in 2016.

MEET THE NEIGHBOURS

With a population of 133,113, the city is home to almost a third of the residents of the Niagara region.

A popular choice for retirees, the median age skews slightly higher than the rest of Canada, at 44.4.

92 NextHome.ca NextHome.ca | SWO

St. Catharines is Canada’s most celebrated and prolific wineproducing region. On the outskirts of the city is the Wine Route, a scenic trail that winds through Niagara to each of the local wineries. St. Catharines is also a shopping mecca and features the region’s largest mall, the Niagara Outlet Mall.

+

To rent a two-bedroom:

$9K — $1.6K To buy a two-bedroom:

$145K — $925K *based on current listings

ROZIE’S BREAKFAST CAFÉ Rozie’s has been a huge hit with locals and visitors alike. Rozie’s menu features breakfast classics and daily specials including Breakfast Burritos to chocolate crêpes. roziescafe.ca

MALCOLMSON ECO-PARK This 14.4-hectare greenspace hosts annual native plant sales and Earth Day celebrations. fomep.com

PIER 61 With a Mediterraneantinged, upscale-casual dining menu and beautifully situated patio, Pier 61 is a marvelous place for a summer night out. pier61.ca

COMINGSOON!

SOPHISTICATED CONDOLIVING in the coveted village of Fonthill NIAGARA FALLS

TORONTO

06

RICE R

RD

20

HWY 4

STATION

HWY

D PORT ROBINSON RD

REGISTERNOW! www.onetwentycondos.ca

PROPERTY PROFILE

YOUR NEW LIFESTYLE IS CALLING YOU TO...

ONE20 CONDOMINIUMS IN BEAUTIFUL FONTHILL It’s what we are all looking for when choosing a new home – the perfect balance of location, quality craftsmanship and lifestyle. So it’s no wonder there is so much excitement around Mountainview Homes’ newest project – One20 Condominiums in the coveted village of Fonthill – where a sought-after location, exciting amenities, and sophisticated living are perfectly blended.

Phase one at One20 Condominiums will be a stunning four-storey condominium residence that will feature spacious and thoughtfully planned one-, two- and three-bedroom suites, luxury features (all standard, of course), and impressive amenities, including a private party room and covered parking garage. Residents will enjoy maintenance94 NextHome.ca NextHome.ca | SWO

+

LOCATION Fonthill DEVELOPER Mountainview Homes DEVELOPMENT One20 Condominiums HOME TYPE Sophisticated condominium suites CONTACT onetwentycondos.ca

free, sophisticated living at its best at One20 Condominiums.

Mountainview Homes knows its condominium owners expect luxury finishes and fabulous amenities, however, they also want an upgraded lifestyle in a vibrant community. At One20, residents get just that – the lifestyle they’ve always wanted, and a neighbourhood where they can walk out their door and be surrounded by shops, restaurants, trails, Fonthill’s newest community centre and more. With major plans by The Town of Pelham to continue to make Fonthill’s community along Hwy. 20 pedestrian and cyclist friendly, the community is a true marriage of

convenient amenities, walkability and historic charm, and that is just the beginning!

Fonthill is idyllically situated within an hour to Toronto, Buffalo and minutes to Niagara’s vineyards, Niagara Falls, Peninsula Lakes Golf Course and more.

Nature lovers will appreciate the fruit orchards and nature trails, such as the Lathrop Nature Preserve. Here, the forest helps protect the headwaters of Twelve Mile Creek, vital for the area’s remaining brook trout population, and also supports many rare tree species including butternut and American chestnut.

Downtown Fonthill is a charming historic place where

foodies will revel in restaurants, as well as boutiques and more!

Golf lovers will appreciate the proximity to the Lookout Point Golf Club, only minutes away. It’s here, in Fonthill, at One20 Luxury Condominiums, that your dream lifestyle awaits you.

The award-winning, Mountainview Homes is the Niagara Region’s largest homebuilder with more than 36 years of experience crafting communities from Fort Erie to Grimsby and nearby neighbourhoods, including Thorold, St. Catharines, Niagara Falls, Welland, Chippawa, and Ridgeway. Each home is built to the builder’s exacting standards of homes with “good bones,” award-winning design, long-term value and, equally as important, excellent customer service.

Sophisticated living in a soughtafter location can be yours at One20 Condominiums. Register now to be placed on the VIP list by visiting onetwentycondos.ca SEPTEMBER 2 - 16, 2017 95

HOT PROPERTIES

FIND YOUR NEXT HOME This page features a few of the latest properties to keep your eye on in the Southwestern Ontario 9. LIFE

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

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

5. CLAIR MEADOWS

96 NextHome.ca NextHome.ca | SWO

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

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

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

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

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

14. SAPPHIRE

6. FOCUS TOWNS

15. STEPPING STONES

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

TELEVISION CITY BY LAMB DEV. CORP.

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

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

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

7. FOOTHILLS OF WINONA

16. SUMMERLEA WOODS

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

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

8. GRANGE HILL POINT

17. TELEVISION CITY

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

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

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

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

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

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

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

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

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

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

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

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

+

WILDFLOWERS

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

MAPS Locate properties using the map on the following page

29. BALDWIN PLACE

34. HAVELOCK CORNERS

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

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

30. CASTLE ROCK PLACE

35. STATIONWEST

By: Rembrandt Homes City: London Housing type: Condo townhomes rembrandt-homes.ca

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

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

32. ELEMENTS

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

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

37. THE PRESERVE

33. FOX FIELD

38. THE WEST

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

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

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 LYDIA.MCNUTT@YPNEXTHOME.CA

SEPTEMBER 2 - 16, 2017 97

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Sherkston

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Port Colborne

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Stevensville

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Niece Rd

Ontario Rd

Townline

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Welland

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Merrittville Hwy Cataract Rd

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Vaughan Rd

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DOWNLOAD THE APP SEPTEMBER 2 - 16, 2017  99

THE LAST WORD

Q&A WITH

DON R. CAMPBELL REAL ESTATE INVESTOR, EDUCATOR AND AUTHOR

BY WAYNE KARL

WHEN IT COMES TO REAL ESTATE INFORMATION AND RESEARCH, FEW PEOPLE ARE AS WELL READ AND OBJECTIVE AS DON CAMPBELL. NEXTHOME GETS HIS TAKE ON WHAT’S HAPPENING IN VARIOUS MARKETS ACROSS CANADA NEXTHOME: You recently said that Ontario’s Fair Housing Plan would cause five consequences: higher tenant turnover and rents; market fear and overreaction, due to the Foreign Buyers’ Tax; more longterm investors exiting the market; more speculators exiting the market; and purpose-built rentals put on hold. What’s your batting average so far?

DON CAMPBELL: Although

people like to hear forecasts of what’s going to happen next week or month, our focus has always been to analyze the long-term impact of policies, economies and demographics on real estate markets. Real estate and property markets always ebb and flow, which means if an investor or homeowner is making a “buy/ sell” decision based on one report, they don’t understand how markets work. However, there are “policies” that can throw a market off of its cycle trend, despite all the background economic and demographic drivers lining up. These policies are defined as “market influencers,” and because they are random and often politically based, they can have dramatic and sometimes irreversible negative unintended consequences on the health of a market. Ontario’s Fair Housing Plan is one of those. Purporting to 100 NextHome.ca

help renters, many of the policies within the bill will eventually have a negative impact on renters and will not make housing more affordable in the target regions.

NH: No one seems to win in the above scenarios, so what’s the point of the Fair Housing Plan?

DC: Although the name of the

bill is “Fair Housing Plan,” the unintended consequences won’t be pretty for anyone except one small group, the politicians who are “appearing” to be doing something. Given the fact that most people won’t read the full bill, nor even dive beyond the headlines, this will probably work for that group, while the rest have to live with the long-term

consequences. Possible scenarios that are very likely over the coming years – none of them positive – include: 1. The adoption of this plan leads to current landlords quickly raising their rents to at or above-market, so they do not find themselves locked-in at a below-market rent for years (many landlords keep their rents below market because they have a strong relationship with, and appreciation for, their long-term tenants), but given the new rules and continuing increase in interest rates, this may become an untenable situation, sadly.

2. According to the Ontario government’s own numbers, there are now more than 120,000 people in the Greater Toronto and Hamilton Area who own

NUMBER OF OWNERS with more than one residential property in the GTHA: 200-16

(x1,000)

120 NUMBER OF OWNERS

more than more residential property.

This means that even if only 75 per cent of those properties are rentals, independent citizens are providing 90,000 needed rentals in the area.

That’s much more than any REIT or developer has been providing with rental specific buildings. Under the new rules, many of these independent owners will end up choosing to exit the market, selling their units and thus lowering the number of available rentals.

3. A lower supply of rentals will also occur, because with the new caps on market rental increases, many major developers have taken rental specific buildings off their immediate plans due to the economics.

4. The dramatic increase in costs associated with operating a quality, clean and safe rental will also reduce the number of people willing to own and operate such properties. This will lead to poorer rentals and more landlord-tenant disputes.

5. As interest rates rise and the federal government mandates tighter controls on mortgage qualification, there will be fewer opportunities for Canadians to buy a home, especially the large cohort of Millennials who are entering this phase of their lives.

This is true no matter if the average price in the market slips or not. This, of course, then leads to more renters, right as the Ontario government puts in policies that will reduce the number of rentals available.

90

60

30

0 ‘00

‘01

‘02 ‘03

‘04 ‘05

‘06 ‘07 ‘08

‘11

‘12

‘13

‘14

‘15 ‘16

Source: MPAC Property Assessment Records (2000-16).

Note: Decrease from 2006 to 2007 likely caused by change in data recording method

– Ottawa being one of the more obvious ones, especially along the new LRT lines. Also look in areas of Ontario where there is committed GO Train and post-secondary expansion.

NH: We’re supposed to see a National

Housing Strategy at some point this year. What do you expect from it?

DC: Given the “optically driven” policy

decisions we are witnessing across the country, it is really anyone’s guess what the announcements will be. But when the policies are announced and details released, we will be analyzing it in great detail.

NH: Where are the opportunities for

investors – and primary homebuyers – in Ontario now, given all this change and uncertainty. Ottawa, for example, has long been a slow and steady performer…

NH: It’s been a year since Vancouver

DC: As with all market shifts and

DC: There was the expected lull in activity, especially in the $2 millionplus value category, but that capital has started to flow back in. And given the change in government and the stated goal of reviewing the

changes, opportunities will arise (unless further political action is deemed necessary). The hunt for yield will continue for investors, and capital has a way of finding places to deploy

‘09 ‘10

YEAR

introduced a Foreign Buyers’ Tax (and Ontario implemented one recently).

What has been the real, overall impact on the market there?

current tax, we will see a swarm of capital entering the market again to get ahead of any further changes or tightening.

NH: What other issues are emerging that may impact markets in BC? DC: Affordability of ground oriented units for families will be a growing problem. This will push people further out from the core regions and put a big demand on infrastructure spending (whether it be for light rail or road expansion. This is inevitable.

However, we must factor in the government change as a market dynamic to watch. Policies matter, as Ontario is discovering and BC’s new government needs to ensure that it is designing and implementing policies that have a long-term positive impact on renters and homeowners, and to not just make expedient announcements for optical reasons.

The fact is, we live in interesting times, and, frankly, after analyzing markets for more than 25 years, Canada always seems to be living in interesting times.

SEPTEMBER 2 - 16, 2017 101

INDEX OF ADVERTISERS Amica Developments/Daniels - 42 Mill Street

Andrin Homes - Corporate

6

64-65

Lamb Development Corp. - Bauhaus

37

Lamb Development Corp. - Televison City

29

Andrin Homes - Hillsborough

69

Losani Homes - Madison Central Park Phase II

Bayview Wellington Homes - Alcona Shores

74

Madison Group - Cornell Rouge

Bayview Wellington Homes - Passages

90-91

Madison Group - Frenchman’s Bay

2

75

44-45

Camrost - Felcorp - Blue Diamond at Imperial Plaza

1

Madison Group - Nobu Toronto

19

Camrost - Felcorp - One o One

1

Malibu Investments Inc. - Express Condos

63

Camrost - Felcorp - The Foxbar Collection at Blue Diamond

1

Mattamy Homes - Hawthorne South Village

BC

Concert Properties - The KIP 2

35

Menkes Developments Inc. - 365 Church

Insert

Menkes Developments Inc. - 87 Peter

Insert

Concord Adex - Canada House Condos

24-25

Cresford Development Corp. - CASA II

IBC

Menkes Developments Inc. - Fleur

Insert

Cresford Development Corp. - CASA III

IBC

Menkes Developments Inc. - Harbour Plaza

Insert

Cresford Development Corp. - Corporate

104

Menkes Developments Inc. - The Eglinton Yonge at Heart

Insert

Cresford Development Corp. - Halo Residences on Yonge

IBC

Mountainview Homes - One Twenty Condominiums

93

Cresford Development Corp. - The Clover on Yonge

IBC

Parallax Development Corporation - Royal Q

51

Cresford Development Corp. - VOX

IBC

Pemberton Group - Corporate

Insert

Diam Developments - Radiance Towns

76

Pemberton Group - GO.2

ELAD Canada - The Point

49

Pinnacle International - Perla at Pinnacle Uptown

3

ELM Developments - Georgian Sands

77

Plaza - Musee

7

Forest Hill Homes - Cornell Rouge

75

Rosehaven Homes - Corporate

39

Geranium Homes - Edgewood

67

The Daniels Corporation - DuEast

21

Graywood Developments - Peter & Adelaide

41

The Daniels Corporation - Wesley Tower

15

Great Gulf - Trafalgar Landing

Homes By Desantis - Myst

Lakeview Homes - Adena Views 102  NextHome.ca

4-5

13

30-31

8-9

Treasure Hill Homes - Adena Views

30-31

Treasure Hill Homes - Trendi Towns in Markham

70-71

Tridel Corporation - Bianca

IFC

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CRESFORD. ALWAYS IN FASHION. Over the last four decades, Cresford has defined the Toronto skyline with iconic landmarks in the city’s most sought-after locations. Cresford’s legendary designs, attention to detail and affinity for high-fashion labels have produced one successful condominium after another. As one of Toronto’s biggest and most trusted developers, Cresford provides superior service, quality assurance, a sense of security and the finest product on the market. Visit our Condominium Gallery at 170 Merton Street or call 416.485.3000 to arrange your private appointment.

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