GTA Homes Magazine - July 17, 2021

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Greater Toronto Area July 17–Aug. 14, 2021

Greater Toronto’s Finest NEW HOME GUIDE

17 luxury homes on the shores of Lake Ontario

INSIDE:

HOW TO SOLVE THE HOUSING SUPPLY ISSUE IN ONTARIO

WHAT YOU NEED TO KNOW ABOUT FIRST-TIME BUYER INCENTIVES

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JULY 17–AUG. 14, 2021

CONTENTS COVER STORY

24 LAKESIDE LANDING WELLINGTON LUXURY HOMES BY ROYALCLIFF ON THE SHORES OF LAKE ONTARIO 8 HOMES Magazine | July 17-Aug. 14, 2021

37

32

DEPARTMENTS

12

Editor’s Note Pricey policy

16

HOMES Magazine Online

23

Inside The GTA

34 In Conversation With....

Mike Collins-Williams, West End Home Builders’ Association

46 Local Focus Collingwood

COLUMNS

22

66

Stat Chat Should you buy what foreign buyers purchase?

26 Western View Now is the time for Burlington to broaden housing options

30 Real Insight TRREB members donate more than $1 million to charities

31

36 Home Realty Generation gaps in real estate marketing

Legally Speaking How to avoid tax and disagreements with recreational property

32

18

GTA new home market strong in May

19

GTA resale market robust, but TRREB warns of tax hike

20

Baby Boomers preparing to expand real estate holdings

21

Adi launches sales of Realm in Burlington

Personal Finance What you need to know about the Home Buyers’ Plan

37

HOMES NEWS

The Marketing Edge Options and ideas for the housing supply crisis in Ontario

66 Industry Report Affordable homes in the city a responsibility we all share

IN EVERY ISSUE

10

Contributors/Masthead

45 North Region 49 Southwestern Region

Editors choice 38

FIELDGATE HOMES Announcing the grand opening of Dreamscape, Cityside, New Kleinburg and Emerald Crossing

40 BRANTHAVEN HOMES Celebrating 50 years of homebuilding excellence

54 Maps & Charts for new home communities

64 Index of Advertisers nexthome.ca | myhomepage.ca 9

CONTRIBUTORS PERSONAL FINANCE | JESSE ABRAMS Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com

CHIEF REVENUE OFFICER

Jacky Hill jacky.hill@nexthome.ca EXECUTIVE MEDIA CONSULTANT

Michael Rosset

EDITOR-IN-CHIEF – NATIONAL REAL ESTATE

Susan Legge susan.legge@nexthome.ca

EDITOR-IN-CHIEF – GREATER TORONTO AREA

WESTERN VIEW | MIKE COLLINS-WILLIAMS Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.

Wayne Karl wayne.karl@nexthome.ca MANAGING EDITOR

Rise Levy rise.levy@nexthome.ca CONTRIBUTORS

Jesse Abrams, Mike Collins-Williams, Debbie Cosic, Kevin Crigger, Christopher Markovic, Ben Myers, Jayson Schwarz, Dave Wilkes HOME REALTY | DEBBIE COSIC Debbie Cosic is CEO and Founder of In2ition Realty. She has overseen the sale of more than $15 billion worth of real estate.

With Debbie at its helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. in2ition.ca

SENIOR VICE-PRESIDENT, SALES NEXTHOME

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

Jessica Wilson 416.873.1049, jessica.wilson@nexthome.ca Natalie Chin 416.881.4288, natalie.chin@nexthome.ca DIGITAL SALES MANAGER

Amanda Bell

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

VICE-PRESIDENT MARKETING – GTA

Leanne Speers

SENIOR CLIENT RELATIONS SPECIALIST – GTA

Sonia Presotto

MANAGER CUSTOMER SALES/SERVICE

Marilyn Watling

SALES & MARKETING CO-ORDINATORS

Gary Chilvers, Vi Nguyen

HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA

Josh Rosset

THE MARKETING EDGE | CHRISTOPHER MARKOVIC

DISTRIBUTION

Christopher Markovic is CEO, PMA Brethour Realty Group, with 25 years of development, project sales and marketing experience with some of Canada’s leading organizations. pmabrethour.com

ACCOUNTING INQUIRIES

distributionteam@nexthome.ca accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs

VICE-PRESIDENT PRODUCTION – GTA

Lisa Kelly

PRODUCTION MANAGER – GTA

STAT CHAT | BEN MYERS Ben Myers is President of Bullpen Consulting. Ben provides pricing recommendation, product mix, and valuation studies on new residential housing developments for builders, lenders and property owners. bullpenconsutling.ca

Yvonne Poon

GRAPHIC DESIGNER & ASSISTANT MANAGER

Alicesa Pullan

GRAPHIC DESIGNER & PRE-PRESS COORDINATOR

Hannah Yarkony GRAPHIC DESIGNERS

Johannah Lorenzo, Mike Terentiev, Alice Wu Published by

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

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

Official Media Partners:

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10 HOMES Magazine | July 17-Aug. 14, 2021

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Copyright 2021 All rights reserved. All copyright and other intellectual property rights in the contents hereof are the property of NextHome, and not that of the individual client. The customer has purchased the right of reproduction in NextHome and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of NextHome.

Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time.

Editorial Submissions from interested parties will be considered. Please submit to the editor at editorial@nexthome.ca.

EDITOR’S NOTE

PRICEY POLICY

WAYNE KARL EDITOR-IN-CHIEF HOMES Magazine

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

+ get social 12 HOMES Magazine | July 17-Aug. 14, 2021

If you’re like many people, you may be paying more attention to politics these days – beginning specifically about 16 months ago when the pandemic began – than ever before. Be it federal, provincial or municipal, there’s been no shortage of occasions and moments to react, celebrate and criticize.

But we’re not here to discuss controversial politics, parties or leaders – except in the context of government policy when it comes to matters that affect housing.

And there’s plenty of discussion on this topic within the pages of this issue.

Among them is the Industry Report on page 66 that addresses Inclusionary Zoning (IZ). Normally, as a homeowner or prospective homebuyer, the nitty gritty of city planning would likely be a little outside your core area of research (though more and more people are taking an active interest in just that, especially in matters that affect their neighbourhood or property value).

Now, though, you may want to start paying attention to the hot-button IZ issue before the City of Toronto. In short, it could directly add significant cost to the already challenging prices facing new-home buyers.

The City’s proposal – a policy to encourage more development of affordable housing – is well intended. But, according to several industry sources, it is slightly off-target, since it could inadvertently increase new home costs and discourage more new affordable housing.

And those who ultimately would pay the price are prospective and future homebuyers, to the tune of about $65,000.

While this current round of IZ discussions is centred around Toronto, you can bet this is not just a localized issue. Other municipalities in the GTA are no doubt watching this play out before they propose their own policies.

It’s a policy idea that could have a pricey and far-reaching impact.

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Catch up between issues at nexthome.ca and enjoy these popular stories

INSIGHT

Government at all levels must commit to tackling housing shortage Building housing in the GTA takes too long and costs too much, due mostly to red tape and delays in approvals. It’s time all levels of government fix this.

COMMUNITY DEVELOPMENT

Set your new home sights on Barrie and Richmond Hill with StateView Homes Known for crafting distinctive new home communities, StateView Homes is applying its “Live Inspired” approach in three superb locations in the cities of Barrie and Richmond Hill.

LOCAL FOCUS

Barrie – gateway to cottage country a growing community in its own right Barrie may be best known as the “gateway to cottage country,” but the days of this city being little more than a popular getaway destination are long over.

NEW HOME DEVELOPMENT

National Homes puts buyers first with innovative programs and events It’s one thing to design and then find homebuyers for your homes. It’s quite another to begin the process by listening – and then designing exactly what they’re asking for.

HOMEOWNERSHIP

Population growth the proverbial elephant in the room With each passing year, homeownership, especially for younger generations, is becoming more unattainable. It is critical that our elected officials create opportunities for new housing in vibrant complete communities.

Visit or check us out on 16 HOMES Magazine | July 17-Aug. 14, 2021

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INSIGHT

Three areas poised for growth in the GTA’s booming new home market Where are the next hot spots for high-density real estate in the Greater Toronto Area? Industry analyst and regular columnist Ben Myers has a few ideas. Spoiler alert: Look outside downtown Toronto.

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163 Homes in Markham

in the spotlight

GTA NEW HOME MARKET

STRONG IN MAY THOUGH INVENTORY REMAINS AT HISTORIC LOWS The GTA new home market continued strong in May, with total sales and condominium unit sales above the 10-year average, the Building Industry and Land Development Association (BILD) reports.

Total new home sales in May, with 3,661 units sold, were five per cent above the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.

Condominium units, including those in low-, medium- and highrise buildings, stacked townhouses and loft units, accounted for 2,396 new home sales in May, 10 per cent above the 10-year average.

Sales of new single-family homes, including detached, linked and semidetached houses and townhouses (excluding stacked townhouses), with 1,265 units sold, were three per cent below the 10-year average.

“The low inventory levels reported in the May data underline the need for GTA municipalities to address chronic shortages of housing supply,” says Dave Wilkes, BILD president and CEO. “Municipalities need to speed up approvals of shovel-ready projects, and as we look ahead to continued population growth in the GTA, they need to evaluate all aspects of the

development approvals process to ensure that the new homes the region needs are being built in a timely manner.”

“While sales of new condominium apartments were lower in May than the frenzied pace of the previous two months, they were still above the 10-year average for May as demand remains buoyant and activity settles into more sustainable levels,” adds Ryan Wyse, Altus Group’s manager,

apRil new home sales by muniCipality Condominium units

single-family homes

total

Region

2021

2020

2019

2021

2020

2019

2021

2020

2019

Durham

144

53

38

352

131

231

496

184

269

halton

112

5

474

118

83

144

230

88

618

Peel

141

56

700

479

111

278

620

167

978

toronto

1,593

229

1,357

22

11

36

1,615

240

1,393

York

406

65

1,077

294

144

257

700

209

1,334

Gta

2,396

408

3,646

1,265

480

946

3,661

888

4,592

Source: altuS GrouP

18 HOMES Magazine | July 17-Aug. 14, 2021

analytics, Data Solutions. “Buyers continue to be attracted to new openings, with about half of the newly released units available for purchase before the last 10 days of May selling within the month.”

Total new home remaining inventory was 12,555 units in May. That number represents 3.3 months’ worth of inventory based on the current pace of sales, but a balanced market would have nine to 12 months of inventory.

Remaining inventory includes units in preconstruction projects, in projects currently under construction, and in completed buildings.

The benchmark price for new condominium apartments increased in May compared to the previous month, to $106 million, an increase of eight per cent over the last 12 months. New single-family homes decreased compared to the previous month, to $1.38 million, up 24.4 per cent over the last 12 months.

IN THE SPOTLIGHT

GTA RESALE

MARKET ROBUST BUT TRREB WARNS OF TAX HIKE Sales and prices in the GTA resale market continue at a robust pace, but the Toronto Regional Real Estate Board (TRREB) warns a proposed increase in Land Transfer Tax could hurt both buyers and sellers.

June home sales were up compared to last year, though they remained below the March 2021 peak and lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June also increased by double digits compared to last year, though the growth moderated compared to the previous three months.

GTA realtors reported 11,106 sales through TRREB’s MLS system in June 2021 – up by 28.5 per cent compared to June 2020. Year-overyear sales growth was strongest in the condominium segment, in both Toronto and some of the surrounding suburbs. On a month-over-month basis, both actual and seasonally adjusted sales continued to trend lower in June.

“We have seen market activity transition from a record pace to a robust pace over the last three months,” says TRREB President Kevin Crigger. “While this could provide some relief for homebuyers in the near term, a resumption of population growth based on immigration is only months away. While the primary focus of policymakers has been artificially curbing demand, the only long-term solution to affordability is increasing supply to accommodate perpetual housing needs in a growing region.”

In all major market segments, year-over-year growth in sales well outpaced growth in new listings over the same period, pointing to

the continuation of tight market conditions characterized by competition between buyers and strong price growth, TRREB says.

On a month-over-month basis, both actual and seasonally adjusted average prices edged lower in June.

The June 2021 MLS Home Price Index composite benchmark was up by 19.9 per cent year over year. The average selling price for all home types combined was up by 17 per cent to $1.09 million. While price growth continued to be driven by the homes, the average condominium unit price was up by more than eight per cent compared to June 2020.

FORECAST UPDATE

In its initial forecast for 2021 in February, TRREB expected the average selling price in the GTA to rise to $1.02 million, thanks to an improving regional economy and very low borrowing costs. While sales do appear to have peaked this year and TRREB is no longer reporting record months of home sales, first quarter activity was higher than expected. March home sales, at more than 15,000, represented an all-time monthly record.

Taking into account the record Q1 2021 sales result, but still accounting

for sales trending below record levels for the remainder of this year, TRREB is now forecasting year-over-year price growth to $1.07 million.

“A persistent lack of inventory across most segments of the market will keep competition between buyers strong, resulting in an average selling price well above $1 million through the end of 2021,” says TRREB Chief Market Analyst Jason Mercer.

MUNICIPAL LAND TRANSFER TAX

TRREB’s market update comes as new public opinion polling, conducted by Ipsos Public Affairs for TRREB, found public opposition to a potential increase in Toronto’s Municipal Land Transfer Tax. Last winter, Toronto directed City staff to report back in July regarding a possible increase to the Land Transfer Tax for properties priced at more than $2 million.

“Any MLTT increase has a ripple effect on all market segments, and would further constrain inventory, making it an even more challenging environment for buyers,” says TRREB CEO John DiMichele. “Housing affordability is one of Toronto’s most serious challenges, and City Council should be doing everything it can to make it more affordable, not less.”

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

905

Total

$1.70M (11.5)

$1.33M (29.4)

$1.41M (24.8)

$1.27 (-1.9)

$914,926 (21.5)

$1.05M (13.4)

Townhome

$941,474 (9.9)

$836,851 (21.0)

$859,411 (17.8)

Condo

$717,466 (6.7)

$611,610 (15.9)

$683,479 (8.3)

Detached Semi-detached

SOURCE: TRREB

nexthome.ca | myhomepage.ca 19

IN THE SPOTLIGHT

BABY BOOMERS PREPARING TO EXPAND

THEIR REAL ESTATE HOLDINGS As more Canadian Baby Boomers approach retirement, millions of them are preparing to take advantage of real estate as a strong investment option, according to a survey from Royal LePage Defined by StatsCan as having been born between 1946 and 1965, Boomers – about 3.2 million of them – say they are considering a home purchase within the next five years.

“The Boomer generation appears to have no intention of slowing down,” says Phil Soper, president and CEO, Royal LePage. “Fully vaccinated, and turning a cold shoulder to retirement, the typical member of this huge demographic is enjoying an empty nest and believes real estate is a good investment. Millions of Boomers are expected to wade into the market over the next five years.”

BOOMER HOUSING DEMAND

There is no one-size-fits-all outcome as Canadian Boomers age into retirement, especially when it comes to their decision about where to live. More than half (57 per cent) of respondents said they would purchase a detached house if they were to buy, while 19 per cent said they would prefer an apartment/ condominium.

Of the 35 per cent of Boomers who say they are considering purchasing a primary residence in the next five years, 56 per cent say they would consider moving to a rural or recreational region. Twentyeight per cent say they would consider purchasing a larger home than their current residence, 56 per cent would consider a similarly-sized property, and 63 per cent would consider downsizing.

“Turning full circle to those carefree, pre-children years, most 20 HOMES Magazine | July 17-Aug. 14, 2021

Boomers are looking for a home that requires less maintenance,” says Soper. “Paradoxically, they also yearn for country living and don’t want to sacrifice living space. Look for the continued growth of managed communities in exurban and recreational regions.”

Working Boomers largely did not consider their region affordable (65 per cent) and 42 per cent said they would consider a move to a different city, near or during retirement.

HOMEOWNERSHIP AND PERSONAL WEALTH

Seventy-five per cent of Boomers own their own home, the majority of whom do not currently have a mortgage (64 per cent). Seventeen per cent of Boomer homeowners own more than one property, and 40 per cent have at least 50 per cent of their net wealth in real estate.

“The Boomer generation strongly values homeownership, for good reason. Real estate has been very, very good to them,” says Soper. “Most are still working and their home equity has become the bedrock of retirement security. Financially confident, their next move is a matter of lifestyle choice.”

BOOMERS KEEP ‘BANK OF MOM AND DAD’ OPEN

As home prices continue to rise across the country, many young adults are turning to their Boomer parents for help with a down payment on a property. Twenty-five per cent of Boomers say they have or would consider gifting or loaning money to a child to help with the purchase of a home.

By the end of this decade, all Boomers will be 65 or older, which typically coincides with retirement in

Canada. Twenty-seven per cent of Boomers who are currently working said they would consider delaying retirement to help their children with a down payment on a home.

ONTARIO HIGHLIGHTS

Slightly higher than the national average, 37 per cent of Boomers in Ontario are considering purchasing a home within the next five years (41 per cent in Toronto). Seventy-six per cent of Boomers in the province own their own home, the majority of whom do not currently have a mortgage (64 per cent and 60 per cent in Toronto). Sixteen per cent of Boomer homeowners in the province own more than one property, and 46 per cent have at least 50 per cent of their net wealth in real estate. In Toronto that number reaches 54 per cent, the highest of all census metropolitan areas surveyed.

More than half (59 per cent) of Ontario Boomers said they would purchase a detached house if they were to buy, while 19 per cent said they would prefer an apartment/ condominium.

Twenty-four per cent of respondents in Ontario are likely to assist a child financially with the purchase of a home (29 per cent in Toronto).

IN THE SPOTLIGHT

ADI LAUNCHES SALES AT REALM IN BURLINGTON Adi Development Group has launched sales for Realm, a modern, vibrant community of condos and townhomes in Burlington’s popular Alton Village neighbourhood.

This enclave of youthful homes and shared spaces comes from a developer that has brought modern condominium living to the area over the last decade, appealing to a younger urban client. This latest launch directly supports a spike in youth leaving the downtown core for suburbs – nearly a third of the increase in outflows were between the ages of 15 to 29, and 82 per cent were people younger than 45, according to Statistics Canada.

From new families to young couples and beyond, Realm is suited for younger homebuyers branching out to settle down for their futures. While single-family homes are out of reach in terms of affordability for many younger buyers in the GTA, Realm provides cosy practical living alongside playful amenities and expansive outdoor spaces. With clean lines and a crisp aesthetic, its modernist architecture is an example of sophisticated and thoughtful residential design. Centered around a meticulously landscaped park, with refined amenities and open-concept suites, Realm makes an inviting statement. Balancing form with function, light with space, design with nature, this community offers the best of contemporary urban living.

FEATURES AND AMENITIES INCLUDE:

• Two 16-storey highrise condo towers and 20 townhomes for a total of more than 400 suites starting at $400,000 • Suites range from 446 to 1,163 sq. ft., with options of one, two and two bedrooms plus den with openconcept layouts • Amenities include fully-equipped fitness centre with a movement studio; social and youth spaces; kids’

zone; work-from-home lounge with office pods and breakout rooms; lobby with calming indoor garden; and an outdoor basketball court and lounge on the sixth-floor terrace • Proximity to popular area attractions such as Millcroft Golf Club, Mt. Nemo Conservation Area, Fourteen Mile Creek Lands, Tyandaga Golf Course, Hidden Lake Golf Club, Burloak Waterfront Park and more • Convenient location close to the Burlington GO Station, Hwy. 407 and the QEW This sales launch is for Phase 1, with the 400 condo units.

The timing of Phase 2 is still to be determined, and will comprise another 200 suites, including some townhomes. adidevelopments.com

GTA LOWRISE HOMES SHOW STRONG DOUBLE-DIGIT PRICE GROWTH SINCE 2017 Following 2021’s record-setting spring housing market in the GTA, Properly, a tech-enabled real estate brokerage, reveals how much home prices have appreciated since the last housing peak in 2017. By comparing the sale prices of GTA homes during the housing peak of January to April 2017 to the current levels, Properly found significant increases in value across all housing types: Condos showed the greatest appreciation at

44 per cent, followed by townhouses with condo fees (33 per cent), semi-detached homes (27 per cent), freehold townhouses (26 per cent), and detached homes (21 per cent).

“This past year, condo sales were hit the hardest by the pandemic,” says Anshul Ruparell, co-founder and CEO of Properly. “While sales are now back up to pre-pandemic levels, it’s relieving for condo owners to know that their investments have appreciated

significantly over time. Moving forward, it’s forecasted that solid growth in condo sales will continue as pandemic restrictions ease. I anticipate we’ll see people coming back to the city centre and back to our incredible city that offers world class dining, entertainment, and livability.”

Following the pandemic-induced spring market frenzy, it’s expected that GTA homes will continue to rise in value in the coming months and years. nexthome.ca | myhomepage.ca 21

ADVICE | STAT CHAT

SHOULD YOU BUY WHAT FOREIGN BUYERS PURCHASE?

BEN MYERS

Despite the introduction of a nonresident speculators tax in Ontario in 2017, people still talk about foreign investors “buying up all the condos” – which just isn’t true. According to the latest data release from Canada Mortgage and Housing Corp., nonresidents of Canada owned just 2.6 per cent of condominium units in the Toronto Census Metropolitan Area in 2020, down from 2.9 per cent in 2019.

When looking at Toronto described as the “centre” by CMHC, the rate is 4.1 per cent, less than downtown Montreal.

I had long contended that offshore buyers made up five to 10 per cent of new pre-construction condominium sales, and CMHC data showed that condo buildings built since 2010 in the CMA have a non-resident ownership rate of 4.7 per cent. Most people don’t realize that investors, either domestic or foreign, have been very positive for the new Toronto highrise market, as they bridge the long gap between launch and occupancy in the market, and help bring on new rental supply.

In a recent episode of the Toronto Under Construction podcast, Gavin Cheung, the president of developer CentreCourt, indicated that the company doesn’t need to go overseas to covet buyers; there is plenty of domestic demand for its projects, which tend to sell out in less than a month.

A couple years back, I took a course on Global Real Estate Trends at MIT’s Centre for Real Estate in Boston.

22 HOMES Magazine | July 17-Aug. 14, 2021

One of the lectures by my professor (who has a PhD in economics from Harvard), mentioned tips for understanding real estate markets.

Two that stuck out were: Markets tend to misprice assets in marginal locations (leading to overpricing and over-construction); and the best bet are core assets with high locational premiums. This is how many foreign investors perceive the Toronto condominium market, and perhaps it’s a good way for you to look at the market, too. Forget cheaper marginal locations – buy core assets (which of course, may be easier said than done, given recent price growth).

Great locations remain great locations, and there is no guarantee that a good location will become a great location, so many foreign investors stick with great locations, because they know they’ll retain their values. These areas are also often the quickest to recover when a market experiences a correction (see the New York and San Francisco downtown condo markets, post-global financing crisis). Anecdotal evidence from rental apartment developers in Chicago showed that their leasing has exploded recently, as tenants really want to be back downtown in the post-COVID environment.

People have long been saying that too many condos are being built, young folks don’t really want to live in highrise buildings, and that investors would run for the hills as soon as the market showed even the smallest sign of a price correction. None of these dire predictions have even come close to occurring. In fact, investors remain bullish on the Toronto condominium market despite the 2017 correction in resale housing values. Data from

rentals.ca showed a massive decline in downtown Toronto rental rates for condo investors, but most stuck it out. Pricing began to resurge in December 2020, as people were enticed to “buy the dip,” as they say.

As construction costs skyrocket, government fees are loaded on and land availability shrinks, there will be fewer downtown Toronto condos for sale over the next 10 years. We all know what happens when there is less supply. When the borders reopen, expect a flood of immigration again, further boosting demand.

Many foreign and domestic investors have made a fortune betting on the urbanization of Toronto, and the desire for people to live in dense communities with ample amenities.

Buying real estate in great locations is a very long-standing investment strategy for many wealthy individuals and corporations across the globe.

Foreign buyers love downtown mixed-use highrise projects within walking distance of transit and employment. They know that these communities will continue to be the most desirable places to live and, as crazy as it sounds, a $1,400 per-sq.ft. condo will seem like a ridiculously low price 15 years from now.

Ben Myers is President of Bullpen Consulting, a boutique residential real estate advisory firm specializing in condominium and rental apartment market studies, forecasts and valuations for developers, lenders and land owners. bullpenconsulting.ca Twitter@benmyers29

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#InsidetheGTA GTA

Photo: Red Works Photography

by SUSAN LEGGE

ANISHNAWBE HEALTH TORONTO

ONTARIO’S FIRST INDIGENOUS HUB BREAKS GROUND On National Indigenous Peoples Day and the Summer Solstice on June 21, the Indigenous community in Toronto, with its allies and partners, celebrated the groundbreaking on Ontario’s first mixed-used Indigenous Hub, in the West Don Lands.

As one of the first mixed-use, purpose-built Indigenous Hubs in the country, the 2.4-acre Hub spans an entire city block at Front and Cherry Streets. It will include the new home of Anishnawbe Health Toronto (AHT), the Miziwe Biik Training Institute, a childcare and family centre operated by the City of Toronto, the Canary House mixed-use condo and restored Canary heritage building by Dream Unlimited and Kilmer Group, along with a purpose-built rental, developed by Dream, Kilmer and Tricon Residential.

The new home for the Health Centre is scheduled to open by the end of 2022, while the rest of the Indigenous Hub is slated for completion in 2024.

History in the making Last month, Canadian rapper/ songwriter Drake and Live Nation unveiled their plans for a new concert and event facility in east Toronto.

History, the name of the venue, is currently under construction on the south side of Queen Street East, just east of Coxwell Avenue in The Beach neighbourhood.

Expected to feature 200-plus events annually, History has the capacity to hold 2,500 people.

Work on the TTC-friendly venue is scheduled for completion this summer, and an opening date is anticipated before the end of the year.

Visit the @HistoryToronto Instagram page and ticketmaster.ca for concert and event info. nexthome.ca | myhomepage.ca 23

Cover Story

LAKESIDE LANDING WELLINGTON LUXURY HOMES BY ROYALCLIFF ON THE SHORES OF LAKE ONTARIO Welcome to Lakeside Landing Wellington, a fusion of classic and contemporary luxury waterfront residences with breathtaking views on the shores of Lake Ontario.

Perfectly situated in the heart of Prince Edward County, Lakeside Landing Wellington is an exciting addition to one of Ontario’s most sought-after neighbourhoods.

Wellington is a community rich in character and history that perfectly embodies small town charm, and lies at 24 HOMES Magazine | July 17-Aug. 14, 2021

the centre of Prince Edward County, less than two hours east of the GTA. Immerse yourself in a diversity of culinary experiences, estate wineries, boundless art galleries, shops, theatre, farm markets and renowned beaches.

Now selling, Lakeside Landing Wellington is a limited collection of 17 freehold, luxury, Lake Ontario residences in a savvy selection of two-storey and bungaloft designs, integrating open, lofty living spaces, soaring ceilings, sleek

kitchen designs, three or four bedrooms, luxe baths and space to personalize a home office. Lakeside Landing is fully serviced on town water and sewer, with cable and highspeed Internet options.

Eight stylish two-storey, semi-detached homes and four detached two-storey or bungalofts will be nestled on the tree-lined cul-de-sac, framing a waterfront parkette to be enjoyed by all residents. The piece de resistance is a premium collection of five exclusive, waterfront, two-storey or bungaloft homes on Lake Ontario.

Royalcliff Homes is a three-generation family business that has earned an exemplary reputation for classic design and custom-style luxury. Built on a solid, trustworthy foundation, Royalcliff Homes’ dedication to design, premium craftsmanship and stellar service has led to its tremendous success.

For further information visit the website: royalcliffhomes.com Come home to Lakeside Landing WeLLington!

nexthome.ca | myhomepage.ca 25

ADVICE | WESTERN VIEW

THE MISSING MIDDLE NOW IS THE TIME FOR BURLINGTON TO BROADEN HOUSING OPTIONS

MIKE COLLINS-WILLIAMS

The Greater Toronto and Hamilton Area, which includes Burlington, has evolved into North America’s fastest growing region. A key challenge arising from this growth is delivering appropriate housing supply that is affordable for a range of households, sizes and budgets. Unfortunately, new housing supply has not kept pace with population growth and its changing demographics. In particular, there is a lack of suitable supply for young Millennial families looking to upsize, and seniors looking to downsize.

For households with young children that want to avoid long commutes from the few communities where it is still somewhat affordable, yet still want to live in an established neighbourhood with good access to services, schools and jobs, there are fewer and fewer options. Neither lower-density housing with a backyard that is affordable in smaller communities well beyond Burlington, nor condo units being built downtown or along the GO Transit corridor, meet this particular and growing demand for family-oriented housing.

In simpler terms, new homes with enough bedrooms suitable for families are not being built in central locations. Furthermore, the small proportion of mostly singledetached, family-friendly homes in our existing neighbourhoods, typically carry a price tag that is out of reach for most people.

This is where “missing middle” housing fits into the picture, as an opportunity to provide more family-

26 HOMES Magazine | July 17-Aug. 14, 2021

friendly housing within existing communities. And the timing for introducing more of these options is perfect, as the City of Burlington is about to launch a new Housing Strategy to look at our housing policies and see what needs to change so we can better align planning policies with what kinds of housing Burlington needs to build over the coming decade.

So, what exactly is “missing middle” housing? And why is it missing? Missing middle refers to the emerging gap in housing typology that exists between single-family homes and highrise condo towers. This gap includes “middle density” housing forms such as rowhouses, townhouses, walkup condos and small scale, lowrise apartment buildings. Missing middle housing offers opportunities to provide more homes in established neighbourhoods – and without changing the look, feel and character of these lowrise residential streets.

Laneway houses, garden suites and townhouses are examples of smallscale housing options that can help address the affordability gap in the existing residential communities near downtown Burlington and communities near GO stations.

Any time new homes are built, some people are concerned about change.

This is particularly true in established neighbourhoods that are considered stable, mature and historic. Yet, the reality is that many of our established neighbourhoods are not stable. Rather, they change along with demographic shifts and they are generally getting older, as fewer families or young people can afford them.

Some older neighbourhoods are actually losing population, as families age and household sizes shrink.

New housing options in established communities serve a dual purpose of

slightly increasing density with more affordable housing units, while also halting population decline.

While downtown Burlington and the areas immediately surrounding GO stations are appropriate locations for higher density apartment and condo building, as well as mixing uses with restaurants and retail options, we need to do a better job of integrating new, smaller-scale housing options in our existing and established neighbourhoods.

We should be broadening housing choices, creating walkable communities and fostering the construction of smaller scale, more affordable housing options that are compatible with our mostly singledetached neighbourhoods. These housing types include duplexes, triplexes, rowhouses, laneway homes, secondary suites and, in some cases, stacked townhouses.

It is important not only for Burlington to remain a destination of choice for young Canadians and families, but it’s also just as critical that we don’t price out the younger generation and force them to move elsewhere, once they begin their careers and want to start families.

Burlington needs to provide a wide range of housing options. Now is as good a time as any to discover the missing middle and make adjustments to our zoning framework to permit a great diversity of housing options throughout the entire city.

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

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ADVICE | REAL INSIGHT

TRREB MEMBERS DONATE

MORE THAN $1 MILLION TO SUPPORT LOCAL AND GLOBAL COMMUNITIES

KEviN CRiggER

Members of the Toronto Regional Real Estate Board wear many hats.

Not only are they trusted realtors and experienced business leaders, they’re also dedicated volunteers and ambassadors who give back.

This year, we’ve gone beyond GTA communities, and TRREB members are proud to extend their reach globally. We donated $100,000 to provide urgent COVID-19 aid for India. Locally, last month we donated more than $300,000 in concert with the Ontario Realtors Care Foundation (ORCF), that is helping 40 charities and the most vulnerable communities. This is in addition to the $744,116 donated at the end of 2020, marking a total of more than $1 million.

We saw the positive impact our donation for COVID-19 relief efforts made last year. The “thank yous” poured in from shelter-based charities and food banks across the GTA, showing how our support goes beyond a bed for the night.

“Because of the incredible support of organizations like TRREB, Sherbourne Health is able to provide medical and mental health care support for the marginalized and racialized populations we serve.”

Our members also recognized that women and children faced with domestic abuse have been greatly affected during the pandemic.

With the stay-at-home order and province-wide lockdowns amplifying

30 HOMES Magazine | July 17-Aug. 14, 2021

these situations, the increased number of calls to helplines and the use of shelters has been staggering.

“You’ve been a fantastic community partner, and thanks to your generous support, we have been able to start new initiatives such as Ernestine’s Women’s Shelter settlement program, which provides additional support to women and children in our shelter.”

Our commitment to helping communities is long in the making.

Since 2008, members have supported the $1 Per Member Per Month Every Realtor campaign, with more than $6 million raised so far. That’s 14 years of shelter-based charities getting the funds they need so they can continue to help those most vulnerable.

Together, we’re thrilled to step up to the plate and give a hand locally, and now globally. It’s not only about helping individuals and families

achieve their homeownership dreams, but the difference TRREB members make happen across our towns, cities and regions.

Visit trreb.ca to connect with a TRREB member and to learn more about our members’ ongoing commitment to the Ontario Realtors Care Foundation.

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

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ADVICE | PERSONAL FINANCE

WHAT YOU NEED TO KNOW ABOUT THE

HOME BUYERS’ PLAN JESSE ABRAMS

For many first-time homebuyers, coming up with a down payment isn’t always easy, and can delay the process of owning a home.

The good news is that the Canadian government offers many financial incentives to first-time buyers to help them enter the market. One in particular is the Home Buyers’ Plan (HBP).

The HBP is a program that allows you to withdraw money from your Registered Retirement Savings Plan (RRSP) to buy or build a qualifying home for either yourself or a relative with a disability. Participating in this program gives you the opportunity to tap into additional funds to put toward your down payment, and then later re-contribute into your RRSP within a 15-year period. Not only does the HBP help you come up with more funds for your down payment, but it also lowers your mortgage amount and monthly expenses.

ELIGIBILITY

It’s important to note that the Home Buyers’ Plan isn’t for everyone. There are specific criteria that you must meet to qualify for the program, including: • You must be considered a first-time homebuyer • You require a written agreement to buy or build a qualifying home, either for yourself or for a family member with a disability • You need to be a resident of Canada when you withdraw funds from your RRSP under the HBP and

up to the time a qualifying home is bought or built • You must intend to occupy the qualifying home as your principal residence within one year after buying or building it

If you don’t meet all of the qualifying conditions of the HBP, don’t worry. There are other helpful programs available to first-time homebuyers:

MAXIMUM WITHDRAWAL

FIRST-TIME HOME BUYERS INCENTIVE

The Home Buyers’ Plan allows you to withdraw up to $35,000 from your RRSP, tax-free. If you’re buying your first home with your partner or another first-time home buyer, then you can both access $35,000 from your RRSP for a combined total of $70,000 toward your down payment. However, one thing to keep in mind is that the HBP is considered a loan, and it must be repaid within 15 years.

This is a shared equity program that helps Canadian homebuyers purchase their first home. It offers five per cent on the purchase price of resale properties, and 10 per cent for new builds, to put toward a down payment. Those participating in this program must then pay this money back interest-free to the Canadian Mortgage and Housing Corp. within 25 years of their purchase, or once the property is sold.

WITHDRAWAL RULE

LAND TRANSFER TAX REBATE

This rule indicates that any amount of money you withdraw must have been in your RRSP for at least 90 days. If the money doesn’t sit in your RRSP for at least 90 days before being withdrawn, it may not be taxdeductible for that fiscal year.

When buying a home, there are land transfer taxes that need to be paid.

What many don’t know is that firsttime homebuyers can actually receive a rebate for this. However, how much you can qualify for depends on where you live. In Ontario, eligible buyers can receive a rebate equal to the full amount of their land transfer tax, up to a maximum of $4,000.

Torontonians are even eligible for greater savings, as there is an additional municipal land transfer tax that you can receive a rebate for.

REPAYMENT SCHEDULE

Your first repayment is due two years after you make your withdrawal, and the full amount must be repaid within 15 years.

Although there are minimum repayment requirements, you can begin making payments any time, or repay it in full, with no penalties. If you do pay more than the minimum, your remaining balance for future years will then be reduced. In the event that you don’t repay the expected amount, the government will treat the amount as income for that year and tax you on it.

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

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nexthome.ca | myhomepage.ca 31

ADVICE | THE MARKETING EDGE

OPTIONS AND IDEAS FOR THE HOUSING SUPPLY CRISIS IN ONTARIO

CHRISTOPHER MARKOVIC

The issue of housing supply has been discussed by many, but this topic is truly not getting enough attention – and even more importantly, the action that is required to resolve it. I cannot recall a time since 1980, when our firm began keeping records, that the supply of new housing in the GTA has been so critically low.

At last report, according to Altus Group, just 1,856 lowrise units were available for sale (with the majority located in the 905 area). That’s less than one month’s supply. At the same time, we reported 10,715 highrise units (with the majority located in the 416) – equal to just a threemonth supply. The highrise market has recovered dramatically from last fall, after experiencing a minor 32 HOMES Magazine | July 17-Aug. 14, 2021

correction due to the impacts of COVID. The surge in lowrise prices quickly gave support to the more affordable alternative available in highrise product. By the spring of 2021, new highrise launches were setting sales records once again.

Here are some quick facts which outline the current situation: • The Greater Toronto Area has the dubious distinction of being the fifth least affordable city in the world. That’s right, not just in North America, but globally.

• Today, the current GTA average aggregate resale price is now nearly $1.1 million, and reflects an approximate 28-per-cent increase from the same period last year. Half of the growth occurred in the first quarter of 2021. As housing demand soared during COVID, supply continued to diminish, hence the price escalation was quite predictable.

• Long-term structural issues of supply and demand remain,

driven largely by immigration and low interest rates. In fact, the federal government is calling for 1.2 million new immigrants to enter Canada over the next three years – a record which will only exacerbate the demand.

• Today, for the first time in our region’s history, the outer suburban rings of Peel, Halton, and York all have higher average prices than the 416, and Durham Region is close behind.

Scotiabank economist JeanFrancois Perrault recently pointed out that Canada is continuing to fall behind the G7 countries in housing supply. In fact, we are the lowest in the G7, in number of housing units per 1,000 population, and have been steadily underperforming since 2016.

The story of supply and affordability is actually less about the provision of high-density in 416, and more about providing a broad range of product options in the 905. The story

of affordability is at the heart of the issues in suburban 905. Well before the first lockdown, we started to hear the expression “drive till you qualify,” which rings true, and COVID only accelerated it. The psychology of real estate, or as the governor of the Bank of Canada so aptly described as “extrapolative expectations,” pushed the consumer to review the state of their current living environment, which for many prompted a move to a different location. With significant savings and a sense of self-preservation, that said, “I want bigger, smaller, different housing options targeted more to my lifestyle choices.” Demand only surged.

If new suburban land supply was increased dramatically and quickly, it would take the pressure off the traditional resale market, thus stabilizing the surge in price and eventually increase the overall housing stock. Interestingly, as we came out of the first lockdown, supply of resale product surged upward, topping 18,000 units by September 2020. This was in part driven by highrise product, occupied by renters and owned by investors.

A resale market in balance must have a supply of about 25,000 to 28,000 listed units or a three- to four-month supply. By the second lockdown initiated in December 2020/January 2021, the available listings had declined to only 7,400 units, less than a one-month supply.

Now, resale of existing product is 95 per cent of the housing stock at any moment in time. More resale homes are sold annually than new homes

at a ratio of about 3:1, but if there is no new housing supply, a demand surge will distort the resale market.

In the short-term here are suggestions of four key areas (in no particular order), which can be addressed immediately, that can help alleviate demand by adding much needed housing supply in Ontario.

1. Allow access to government surplus lands: Down the street from my home is a school that was closed in 1993, and one street over is another school building that was closed more than 10 years ago. They remain empty, boarded up and an eyesore to the community and a threat to public safety.

By conducting a review to release to the market surplus lands held by different levels of government, we would open up opportunities across the province and the GTA. This would involve stakeholders from all levels of government, the private and non-profit sectors to come together as partners to find ways to repurpose these properties and provide supply solutions.

2. Adjust employment lands: Similar to accessing surplus government lands, a review of lands designated by official plans as Employment Areas on the edge of residential areas can be identified for rezoning to residential usage.

3. Institute a Minister’s Zoning Order (MZO) for shopping centres. Across the city, there

are hectares of land in prime areas (where people would like to live) located in parking lots connected to shopping centres, where infrastructure is already in place. These parking lots should be allowed to be converted to multi-use development, with an emphasis on residential development.

4. Investigate revisions to the Planning Act: Back in 2005, the province removed from the Planning Act the provision to allow a developer to apply to bring their lands into an Official Plan if they paid for all the upfront infrastructure costs.

What this did was halt supply and slow development. If reinstated, it would allow the private sector to move forward and bring greater supply immediately.

The housing issue is truly not complex – at its core, it’s an issue of supply. Working with all levels of government, the real estate industry must develop innovative solutions to increase the supply and delivery of new housing options for all Ontarians. We must revaluate our current planning and development processes to be optimised for both current and future growth in demand. Based on all estimates, the demand is not going to subside.

Time is of the essence.

The time to act is now.

Christopher Markovic is CEO, PMA Brethour Realty Group, with 25 years of development project sales and marketing experience with some of Canada’s leading organizations.

He is directly involved with the positioning, marketing and sales of PMA pre-construction projects, consulting with clients from concept and planning stage to managing the sales and customer experience. pmabrethour.com

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nexthome.ca | myhomepage.ca 33

IN CONVERSATION WITH...

MIKE COLLINS-WILLIAMS CHIEF EXECUTIVE OFFICER WEST END HOME BUILDERS’ ASSOCIATION

BY WAYNE KARL

As more residents of Toronto and surrounding areas head further out of the core in search of more affordable lowrise homes, one favourite destination has been west – to Burlington, Hamilton and other locales.

But these areas, too, are now experiencing challenges with the housing market, chiefly supply, and rapid – and sometimes prohibitive – price growth.

Mike Collins-Williams, chief executive officer of the West End Home Builders’ Association (formerly Hamilton Halton Home Builders’ Association), discusses these important issues and possible solutions.

Let’s start with an easy one…

How did you come from moving from the Ontario Home Builders’ Association (OHBA) to the West End Home Builders’ Association (WEHBA)?

I spent the last decade of my career with the OHBA, working on a wide 34 HOMES Magazine | July 17-Aug. 14, 2021

range of urban planning and housing policies. During my time at OHBA I always loved working with members in Hamilton and the Halton Region.

I am particularly excited about the future of Hamilton, which has tremendous potential to emerge from the pandemic as a powerhouse mid-sized city. When the opportunity came up to shift gears from provincial issues into this role, I jumped on it.

How do the issues facing builders in the WEHBA differ from what those in Toronto face?

While it does not have the same dense financial core and sky-scraping condos as Toronto, Hamilton is rapidly evolving. With the Hamilton LRT now fully funded, the downtown will soon be a destination for investment in transit-oriented communities. That investment, combined with accelerating population growth, provides a larger customer base for restaurants, bars, retail stores and other local

businesses that shape vibrant city centres. I am very bullish on the future of Hamilton.

Toronto city council is proposing an Inclusionary Zoning policy that could add significant costs to the price of new homes. What are municipalities in your area doing about this issue? Some might be watching the Toronto example to base their policies around that…

Housing affordability is a challenge across Ontario. Although many municipalities are monitoring Inclusionary Zoning in Toronto, let’s not forget that Toronto hasn’t always been a great example of implementing effective policies that maintain housing affordability.

Inclusionary Zoning has worked in some American cities where a true partnership model has emerged, with governments providing cost offsets to create affordable housing. The problem in Toronto is that partnering to offset costs is not on the table,

meaning that any affordable units would be subsidized by increasing the price on all other units, making housing even less affordable overall.

The Smart Prosperity Institute recently released a report that provides a detailed picture of Hamilton’s demographic development over the past 10 years, indicating an exodus of young families out of the region due to lack of affordability and housing options. How serious a problem is this, and what is the answer? In the last few years, a lot of Toronto residents have headed that way, due to the same issues here…

The housing affordability crisis is not confined to one city; it is a regional issue, and it is getting worse. It has created a musical chairs effect where families and young people are leaving Toronto to find more affordable housing in adjacent municipalities, displacing locals who can no longer afford to live in their own community.

In Hamilton’s case, there is more demand for housing from people leaving Toronto than actual housing supply. This lack of housing has driven prices so high that Hamilton is now

the third least affordable city in North America. Young people and families who call Hamilton home are now forced to leave and look for more affordable options elsewhere. To put it bluntly, we need to build more housing to put a lid on rapid price growth and find a better equilibrium between supply and demand.

The City of Burlington recently acted to remove the Downtown Burlington Urban Growth Centre and relocate it to overlap with the existing Burlington GO Major Transit Station Area. What does this mean in terms of housing development, and what are the potential implications for prospective homebuyers?

The City of Burlington should be planning for more housing options, not less. While GO stations are absolutely where growth should be occurring, both downtown Burlington and the Burlington GO Station should offer residents a wider variety of housing choice. I’m worried that, going forward, there will be fewer and fewer new housing options in downtown Burlington. This could make the waterfront inaccessible to first-time buyers, as smaller boutique buildings will most likely be high-end luxury condos.

What are some of the other challenges the industry is facing in the WEHBA? The lack of skilled trades continues to be an issue. We need to encourage more young people to consider careers in construction.

The skilled trades can be a very rewarding career in terms of reliable work and solid income, and offer the opportunity to contribute to the creation of new communities within our cities and towns.

All of the above challenges aside, where and what are some of the most promising homebuying opportunities in the West End? Downtown Hamilton already has all the puzzle pieces with great restaurants, shops and night life, as well as beautiful heritage buildings that rival any city in Canada.

Downtown Hamilton really is the next big thing in the space of mid-sized cities in North America. We have two leading educational institutions, a burgeoning tech sector, major clean-ups of old brownfield industrial sites on the waterfront and the new $3.4-billion LRT, which is an absolute game changer for the city. The best is definitely yet to come for Hamilton.

on a personal note How have you been managing during the pandemic? Picked up any new hobbies or acquired any new skills?

At the beginning of the pandemic, I thought I would have a lot of extra time on my hands and had hoped to pick up a new language (German in preparation for an OHBA Housing Tour to Vienna), but starting a new job has certainly taken up a lot of my time. I’ve dedicated a lot of time to getting more acquainted with housing and planning issues in Hamilton and Burlington. Still, I have spent more time outdoors, paddling, cycling and backcountry camping, which have been bright spots in this rather challenging year-and-a-half.

What do you look forward to doing most when things fully reopen and we return to “normal”?

I am a huge “metal head,” and can’t wait to get back to enjoying live music!

What’s on your reading list these days?

I just finished reading Reclaiming Hamilton, which provided great insights into urban issues and the history of Hamilton. I just started reading Memoirs by Mikhail Gorbachev, an inside look into the politics of the Soviet Union during his life through perestroika until the collapse of the USSR.

nexthome.ca | myhomepage.ca 35

aDVICe | Home realty

generation gaps in real estate marketing

Debbie CosiC

As a real estate professional, I deal with people from all age groups and walks of life. When it comes to selling new homes and condos, I have found there’s a “generation gap” of sorts, as buyers of various ages want different things.

BaBy Boomers

Take Baby Boomers, who are now between the approximate ages of 57 and 75. These empty-nesters and retirees have paid off, or are paying off, their mortgages, so they’re not as concerned about price and value as younger buyers. Mature purchasers want to downsize for a more compact and convenient lifestyle with less outdoor maintenance.

They’re looking for locations close to amenities, especially a hospital.

They want resort-style living, whether it’s a small bungalow up north or a pied-a-terre in Yorkville, or both.

These finicky, well-researched buyers know what they want, are willing to pay for it, and will wait for just the right property to come along.

Gen X

With ages spanning approximately 41 to 56, Gen X buyers are an interesting lot. Some may have lost their homes in the market crash of 2008. As they round the corner to 50, they ask, “What am I doing for me?” Regardless of past circumstances, Gen Xers want to live close to the amenities they and their families need, such as schools. They can’t afford to buy back into the 416 area, so they’re looking 36 HOMES Magazine | July 17-Aug. 14, 2021

outward. These “pseudo-resortbuyers” may choose to live in the Niagara Region close to wineries, or in Picton near the bay, or in another location with specific attractions.

Those who opt for lowrise living want backyards big enough for a pool. mIllennIals (Gen y)

Then we have the Millennials, or Gen Y. These buyers range from about 27 to 40 years of age. The elder members of this group may own homes and have families and be looking to move up. Many prefer to live in the city, but outdoor space is important to them. We see many coming from 600-sq.-ft. condos wanting to buy a larger suite with a terrace, or a townhome or semi in the suburbs with a rooftop terrace and/or backyard. Price and value are key considerations. The younger Millennials usually ask us for advice on what is the best investment for them. They may be able to afford the mortgage or take in roommates to help.

GeneratIon Z

The young Generation Z population are younger than 27 years. Like the

other generations, these buyers are good researchers. They simply need more help to get to homeownership.

Value is key, as is proximity to public transportation. They’re attracted to great 15-minute neighbourhoods, such as Liberty Village. Generation Zs are better with money than their predecessors and will pay to be there. Interestingly, they are also more willing to live in the suburbs to get attainable prices. They look at possibilities with an open mind.

Of course, buyers don’t always fit neatly into categories, so as a real estate professional, the first rule of serving clients well is to listen. Today’s buyers are educated and smart, and it’s our job to make the best match for their individual needs and wants.

Debbie Cosic is CEO and founder of In2ition Realty. She has overseen the sale of more than $15 billion worth of real estate. With Debbie at its helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. in2ition.ca

+more COntent online nexthome.ca

ADVICE | LEGALLY SPEAKING

COTTAGE LIVING HOW TO AVOID TAX AND DISAGREEMENTS WITH RECREATIONAL PROPERTY

JAYSON SCHWARZ, LLM

Summer has come, and many people head for the lake, greenery and beauty of nature. We’re either buying a cottage, opening a cottage we already own or just enjoying our time there. As you sit on the dock and watch the children and grandchildren play, with the sounds of summer cascading around you, your mind drifts and you begin to consider the fact there are separate families within your family unit.

There are different needs and wants, in-laws to consider, and so on. How best to plan for the future and avoid any disagreements down the line?

A few options are available.

You could do an estate freeze and lock the cottage capital gain in place at this time, by rolling the cottage into a corporation and working out a way to reduce the tax payable through share redemption over time, and have the kids subscribe for the common shares. This approach would, first, protect against tax payable on death, and second, pass future increases in value onto the children. A shareholders’ agreement will operate to ensure peaceful operation as best you can.

Next, a family trust with specific terms could set out what is required to be done. Such an agreement should be considered where a person is purchasing a cottage later in life.

The trust could buy the property, and Mom, Dad, the kids and grandchildren could use it. Just before the expiry

of 21 years, the cottage could be transferred to the kids or the grandchildren. From the time Mom and Dad acquired it, until it is sold, tax would be payable on the increase of the value of the property.

Lastly, but by no means least, you could establish a limited partnership.

This will work where the cottage is either big enough for a number of bunkies, or more than one building, or where everyone is allocated time to use the property or portions thereof. This operates sort of like a timeshare or condo, as there is a company you own, which is the operator of the property, and limited partners own units in the partnership.

Each limited partner would be given exclusive use of buildings or weeks on the property. The General Partner Corporation would operate the property, effecting repairs and

maintenance and so on. Rules could be put in place to deal with rotational use and annual costs.

Each of these methods needs a lawyer who can think outside the box, understands real estate, tax and succession planning, and is able to apply their skills to formulate the perfect solution for your family.

One of the big issues, of course, is exit strategies, which we will discuss in the next issue. In the meantime, sit back and enjoy that fabulous Canadian summer.

Jayson Schwarz, LLM, is senior partner, at Schwarz Law Partners LLP, a real estate and business law firm. schwarzlaw.ca, info@schwarzlaw.ca

+MORE CONTENT ONLINE nexthome.ca

nexthome.ca | myhomepage.ca 37

BUILDER PROFILE | NORTH & EAST GTA

FIELDGATE HOMES ANNOUNCING THE GRAND OPENINGS OF DREAMSCAPE, CITYSIDE, NEW KLEINBURG AND EMERALD CROSSING Fieldgate Homes is now open for purchasing by virtual sales appointments across the GTA. You can connect by phone, video chat or email for a secure and convenient homebuying experience. The sales teams are waiting to help you find your perfect Fieldgate home. Explore the featured communities: OSHAWA: DREAMSCAPE

Now open by virtual appointment only – 30-, 36- and 42-ft. detached singles from the $900,000s Enjoy affordable living in revitalized Oshawa with the incredible residences of Dreamscape, now open. This highly anticipated new home community offers a superb mix of expertly designed and crafted 30-, 36-, and 42-ft. singles, moments 38 HOMES Magazine | July 17-Aug. 14, 2021

from the best modern amenities Durham has to offer. Big box stores, bespoke boutiques, delicious dining, great schools, trails, and conservation areas await those who call Dreamscape “home.”

Register now at fieldgatehomes.com

available now and located just minutes from big brand outlets, remarkable restaurants, breathtaking greenspaces, and so much more. Value is soaring in Shelburne, as Canada’s second-fastest growing municipality, so there’s no better time to get in on its best new home opportunity.

SHELBURNE: EMERALD CROSSING

Register now at fieldgatehomes.com

Now open by virtual appointment only – 36- and 40-ft. singles from the $900,000s Emerald Crossing is now open, meaning now’s the time to discover a country landscape, surrounded by every modern convenience imaginable in one of Shelburne’s most anticipated new home communities. Enjoy an incredible collection of freehold townhomes and 36- and 40-ft. singles,

AJAX: ATOWNS

Now open by virtual appointment only – family-sized townhomes in Ajax from the $700,000s At Bayly Street and Salem Road in Ajax, find an inspired collection of family-sized townhome residences, surrounded by modern amenities, just moments from the shores of Lake Ontario. Get the most out of

Ajax’s bustling downtown area and live minutes to great shopping, tasteful dining, convenient GO transit, easy access to Hwy. 401, and so much more.

Register now at fieldgatehomes.com for your chance to attend a Preview Purchase Event.

close at hand, life in Kleinburg has never been more convenient.

Now open, discover a remarkable collection of expansive home designs, including 38-, 44- and 50ft. singles in exclusive cul-de-sac locations.

Register now at fieldgatehomes.com

WHITBY: WHITBY MEADOWS

STOUFFVILLE: CITYSIDE

Now open by virtual appointment only – new release of freehold towns, semis and singles from the $800,000s After much anticipation, the Whitby Meadows community is now open.

Now, find stunning towns and singles in one of the eastern GTA’s most popular communities. Take advantage of a master-planned community offering west Whitby’s best lifestyle near shopping, restaurants, Iroquois Park Sports Centre, Whitby GO Station, excellent schools and more. And with an all-new Phase 2 release, discover an exceptional collection of 21-ft. two-car garage rear lane towns, 22ft. towns, semis and 36- and 42-ft. detached designs in west Whitby’s finest natural setting.

Now open by virtual appointment only – 36- and 40-ft. singles from $1.2M Discover an incredible community of 36- and 40-ft. single-detached homes at an ideal Stouffville location with Cityside, now open. This is your chance to make your dream home come true in an incredible community setting, just minutes from all amenities.

Cityside is located just minutes from Markham, Hwys. 404 and 407, and the Stouffville GO Station.

Register now at fieldgatehomes.com KLEINBURG: NEW KLEINBURG

Now open by virtual appointment only – 38-, 44- and 50-ft. singles from $1.6M New Kleinburg is a community of inspired family residences in a beautiful setting, just moments from the heart of historic Kleinburg. With the future Hwy. 427 extension just minutes away, a new community school and excellent urban amenities

easy access to Hwys. 404, 407 and the Stouffville GO Station.

Register now at fieldgatehomes.com PICKERING: SEATON

Temporarily sold out – register for future release Discover a serene natural landscape and the convenience of incredible big city amenities at Seaton by Fieldgate Homes. Contemporary modern living arrives at the crossroads between old and new, offering a remarkable collection of freehold two-car garage towns in a beloved community setting. This new community truly has something for everyone, with Pickering Town Centre, sparkling Lake Ontario, shopping, greenspaces, restaurants, Toronto’s eastern boundary, and so much more, just minutes away.

Register for the next release now at fieldgatehomes.com

Seaton by Fieldgate Homes is temporarily sold out, so register at fieldgatehomes.com to be notified of future release.

STOUFFVILLE: BLUE SKY

VAUGHAN: VTOWNS

A collection of remarkable singles backing onto a protected greenbelt Now open by virtual appointment only – final release of 36-, 40- and 47-ft. singles from the $1.4Ms Now, enjoy an in incredible collection of stunning 36-, 40and 47-ft. singles with two-car garages, with some backing onto a lush protected greenbelt, at Blue Sky. Offering a diverse selection of inspired home designs just moments to crucial modern amenities in an established community setting, explore charming country comforts, great local shopping and dining, and

Coming soon – register now Get ready for a remarkable new townhome community coming soon to the heart of central Vaughan – VTowns! Enjoy the utmost of a contemporary lifestyle with a wide selection of stunning townhome designs within a master-planned community, just moments to the finest modern amenities offered in central Vaughan.

Register now at fieldgathomes.ca and be first to receive exclusive updates on Vaughan’s anticipated new townhome community!

nexthome.ca | myhomepage.ca 39

BUILDER PROFILE

BRANTHAVEN CELEBRATING 50 YEARS OF HOMEBUILDING EXCELLENCE

For five decades, Branthaven has crafted communities with intention and integrity, bringing new-home buyers the attainable luxury they desire, and earning its stellar reputation along the way.

This year marks the 50th anniversary for Branthaven.

Legacy builders are renowned for their inherent style and innate craftsmanship. The instinct for good design and passion for building excellence is in their DNA. Branthaven is in this esteemed category. For 50 years, the company has embodied quality architecture and good design in every home it builds.

BEAUTIFUL, LIVABLE, ATTAINABLE

From its inception as a coveted custom homebuilder in 1971 to today’s industry-leading reputation, Branthaven has never wavered from its commitment to build beautiful, livable, attainable luxury homes that bring joy and enrich the lives of its homeowners.

Whether crafting townhome collections, designing innovative detached homes or masterfully planning mid- and 40 HOMES Magazine | July 17-Aug. 14, 2021

highrise condo communities, Branthaven’s mandate is to deliver excellent design regardless of house type or suite size.

BEST-IN-CLASS PLANS

Expertly crafted plans are a hallmark of Branthaven.

Consistently awarded best-in-class status by industry peers, Branthaven’s interior plans are recognized for their smart, livable layouts. These “life-centric” spaces are easy to furnish, flow effortlessly and function perfectly for everyday and entertaining. Every home is designed with buyers’ improved lifestyle in mind. This was always essential to Branthaven, but especially important for today’s new-home buyers’ criteria. Home is a hardworking multi-use live, work, play, entertainment entity.

With Branthaven, buyers can be confident that everything has been considered.

INVITING SPACES

When it comes to designing world class amenity spaces, Branthaven looks to leading global design hotels for

inspiration. Never compromising on scope, design or materials, Branthaven partners with leading edge interior designers for truly immersive and memorable one-of-akind spaces. Award-winning projects such as the recent Upper West Side Condos, in Oakville, have received multiple industry accolades for their distinctive design and high-quality lifestyle experience.

practices. From future-proofing operating systems with geothermal heating and cooling, recycling programs, energy saving smart lighting systems and electric vehicle charging stations, to outfitting every home with its advanced Home Technology, Branthaven is committed to making homeowners lives easier, smarter and more connected.

GREEN CONNECTIONS

A FRESH PERSPECTIVE

With a foundation in custom homebuilding and bespoke finishing expectations, Branthaven doesn’t settle for typical features and finishes. Branthaven continues to draw inspiration from the dynamic world of global interior design, seeking out new trends, product innovations and adapting technologies that will continually evolve Branthaven’s unique offering in the new home market. Known as “Fresh Thinking,” Branthaven’s upgraded standard designer finishes are anything but standard, included at no extra cost, and uniquely curated to each new community.

FORWARD THINKING

Branthaven is always innovating and adapting to the latest construction technologies and sustainable

Branthaven’s design and development mandate ensures that every community has Green living built in.

Whether it’s a masterfully planned lowrise community of tree-lined streets, parks and playgrounds or family-friendly backyards, there’s plenty of quality outdoor living to enjoy. For a naturally better condo lifestyle, every Branthaven highrise community offers private furnituresized balconies and thoughtfully planned amenities, such as outdoor patios, fitness facilities, rooftop terraces or even shared gardening plots.

are clearly evident from their great curb appeal. With decidedly upgraded exteriors, nuanced colour palettes, and rich materials and finishes, Branthaven’s homes make a great first impression and have timeless appeal.

“As we have grown and evolved through the years, our unwavering vision remains the same – to deliver “The Best Built Home at Any Price,” says Branthaven President Steve Stipsits.

NEW DIRECTIONS

Branthaven has successfully mastered the harmony of old and the new with exciting traditional home designs reimagined for modern living. Whether it’s a New Traditional, Modern Farmhouse, Contemporary Craftsman, or a Scandi Modern boutique condo, Branthaven continually innovates and designs site-specific product that genuinely resonates with buyers’ desire for old world building craftsmanship with modern living for a truly unique place to call home.

AUTHENTIC ARCHITECTURE

Authentic architecture and a genuine sense of place guides every Branthaven development. With a keen eye for architectural styles, appropriate scale, authentic colour and materiality, Branthaven homes

Want to keep up to date on upcoming developments, VIP Exclusive Opportunities and more 50th Anniversary news? Check out the website and register to learn more. branthaven.com

WHAT’S COMING IN 2021 Brampton’s Queens Lane will boast three-storey new traditional townhomes in a rare ravine setting in west Brampton.

West & Post will offer twoand three-storey luxury towns designed specifically for its Oakville location.

Millcroft Towns is a bespoke enclave of Modern Luxe twoand three-storey townhome residences in a coveted Burlington setting.

In Lakeview Village, Branthaven will launch a spectacular new midrise waterside condo and contemporary townhome collection on the shores of Lake Ontario in Mississauga late 2021.

nexthome.ca | myhomepage.ca 41

HOMES Magazine salutes the following companies for their dedication to customer service.

After-Sales Service is an essential component of a healthy new home industry.

These builders are proud of their commitment to the principles of excellent customer service.

DEDICATED TO

EXCELLENT

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CUSTOMER SERVICE

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NORTH REGION FEATURING PROFILES OF NORTH REGION ONTARIO BUILDERS AND COMMUNITIES

PICTURES ARE COURTESY OF DEMOCRAT HOMES. FOR MORE INFORMATION SEE PAGES 48.

Alliston • Barrie • Collingwood • Innisfil • Orillia Meaford • Shanty Bay • Thornbury • Wasaga Beach nexthome.ca | myhomepage.ca 45

LOCAL FOCUS

COLLINGWOOD FOUR SEASONS PLAYGROUND MORE THAN JUST A VACATION DESTINATION

by WAYNE KARL Collingwood has long been a popular vacation destination, mostly as a weekend winter getaway to tackle some of the best skiing in Ontario at The Blue Mountains. Summertime, too, has seen increasing activity, as residents from the GTA and elsewhere head to “Blue” for cycling, golf and many of the other activities and festivals in the area.

COVID restrictions permitting, of course.

But there’s a lot more happening in this part of Simcoe County, situated on the Nottawasaga Bay at the southern Georgian Bay Region. A beautiful natural location will do that.

TRANSITIONING FOR THE FUTURE

Economically, it’s fair to say that Collingwood is an area in transition.

The town’s traditional industrial base 46 HOMES Magazine | July 17-Aug. 14, 2021

has been in decline for years, though the waterfront Collingwood Terminals grain elevators remain standing as a reminder of this heritage. Some view the massive grey structure, dormant for more than 25 years, as an eyesore for an area blessed with such natural surroundings. The Town is said to be considering selling, preserving or even dismantling the landmark silos.

All of this underlines the growing importance of Collingwood to maximize its potential as a fourseason recreation destination, blessed with mountains on one side and Georgian Bay on the other, while developing new economic opportunities. And to do it all at a pace and size that doesn’t result in the loss of greenspace or the “small-town feeling” that residents and visitors alike have come to love.

In a recent poll conducted by the Town, the overwhelming majority of respondents (63 per cent) believe the municipality should focus on growing the knowledge-based industry. There is already a strong and growing tech industry in town, including the only deuterium producer in Canada, the largest industrial glass manufacturer in North America, and a maker of advanced underwater communications.

The survey also revealed that just 29 per cent of respondents said job growth in Collingwood should focus on tourism, highlighting a local concern that the town relies too heavily on that sector.

CAREFUL DEVELOPMENT

The survey further revealed that residents prefer any new home

LOCATION, LOCATION, LOCATION

In Simcoe County, on the Nottawasaga Bay, at the southern point of Georgian Bay; population 21,793; 160 kms north of Toronto; 21 kms to Wasaga Beach.

KEY LANDMARKS

development focus on the multi-family category, such as condominiums and other mixed-use buildings on smaller lots, as well as Green housing.

Given the area’s popularity as a playground destination, real estate in Collingwood sometimes shows the fluctuations that typify the recreational property market.

locales, which are also growing into popular new-home destinations. If you’ve visited the area recently, recall the drive up, and passing through surrounding towns such as Barrie, Wasaga, Shelburne, Horseshoe Valley, Innisfil, Holland Landing, Oro Medonte, Beeton, Dundalk… all of these areas have new lowrise home developments from prominent

Collingwood average residential prices

2019

2020

’19-20% chg

2021 forecast

$538,172

$643,444

19.5%

$694,919

Source: ReMax 2021 Housing Market Outlook Many recent buyers are residents from the GTA purchasing vacation properties, or cashing out their primary residences in the city and moving north for retirement, reflected in the older demographic in town.

And in terms of recreational property, this is where Collingwood proves its mettle.

GTA builders such as Fieldgate Homes, Flato Developments, Georgian, Democrat Homes, Rosehaven Homes, and Geranium.

NATURE LOVER’S PARADISE

At any time of year, Collingwood is a nature lover’s paradise. Of course, there’s expert skiing at Blue Mountain

Collingwood waterfront recreational property prices

2019

2020

2021

’19-20% chg

2021 forecast

$1.13M

$1.07M

$1.20M

7

$1.26M

Source: ReMax Recreational Property Report Still, given the prized location and blessed natural abundance in Collingwood, it’s no surprise that new home development is taking place to cater to the growing demand.

Georgian Communities has a number of prominent new developments in the area, including Mountain House at Windfall, right in Collingwood.

The beauty of this area is also its proximity to other sought-after

in winter, as well as countless snowshoeing, snowmobiling or crosscountry skiing options.

In the warmer months, hit the links at any one of the handful of championship courses in the area, from the semi-private Cranberry Golf Resort, to Monterra at Blue Mountain Resort, to the Georgian Bay Club and more.

Or book a breathtaking treetop

• Blue Mountain Resort • Collingwood Curling Club • Collingwood Museum • Cranberry Golf Course • Creative Simcoe Street • Eddie Bush Memorial Arena • The Blue Mountains • Tyrolean Village Resorts SELECT HOUSING DEVELOPMENTS COLLINGWOOD AND AREA

BEA Townhomes

By StateView Homes stateviewhomes.com Beeton Village

By Flato Developments flatogroup.com Braestone Estates

By Georgian Communities georgiancommunities.ca Edgewood Greens

By Flato Developments flatogroup.com Emerald Crossing

By Fieldgate Homes fieldgatehomes.com Forest Heights Estates

By Democrat Homes democrathomes.com Holland Landing

By Rosehaven Homes rosehavenhomes.com Mountain House at Windfall

By Georgian Communities georgiancommunities.ca canopy walk, or zipline adventure, or just hit the beach for a swim or canoe or kayak rental. And if you’ve never been, head over to Wasaga Beach, the world’s longest freshwater beach, a short distance away.

Festivals? You want festivals?

Collingwood’s got lots of them, from Collingwood Whiskylicious, the Peak to Shore Music Festival, Keys to Collingwood Street Piano Festival and the famous annual Elvis Festival.

All, of course, COVID permitting. nexthome.ca | myhomepage.ca 47

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HOMES MAGAZINE

HOMES MAGAZINE SOUTHWESTERN

SOUTHWESTERN ONTARIO ONTARIO FEATURING AND COMMUNITIES COMMUNITIES FEATURINGPROFILES PROFILESOF OFSOUTHWESTERN SOUTHWESTERN ONTARIO ONTARIO BUILDERS AND

PICTURES ARE COURTESY OF DUNPAR HOMES. FOR MORE INFORMATION SEE PAGE 51.

PICTURES ARE COURTESY OF DUNPAR HOMES. FOR MORE INFORMATION SEE PAGE 37.

Brantford • Burlington • Cambridge • Georgetown • Guelph Halton •Hills • Hamilton • Kitchener-Waterloo Brantford Burlington • Cambridge • Georgetown• Milton • Guelph Niagara • Oakville • Stoney Creek • And Surrounding Areas

Halton Hills • Hamilton • Kitchener-Waterloo • Milton Niagara • Oakville • Stoney Creek • And Surrounding Areas

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A TREE FOR EVERY HERO.

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

Get involved today:

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

HOT PROPERTIES

FIND YOUR NEXT HOME

The latest properties in the Greater Toronto Area to keep your eye on

MAP LOCATION 1.

SITE

ADDRESS

CONTACT

Ajax..................................................A Towns ...................................................................... Bayly St. E. & Salem Rd. S. ....................................................... fieldgatehomes.com

2.

Ajax..................................................A Towns ...................................................................... Bayly St. E. & Salem Rd. S. ..........................................paradisedevelopments.com

3.

Aurora.............................................Queen’s Grove Collection..................................... Yonge St. & Bloomington Rd. ............................................... northstarhomes.com

4.

Aurora.............................................Allegro Downtown Aurora .................................... 36 Klees Crescent .................................................................................geranium.com

5.

Aurora.............................................Woodhaven ............................................................... 14222 Yonge St. ................................................................brookfieldresidential.com

6.

Aurora.............................................Shining Hill ................................................................ Yonge St. & St. John’s Siderd. .............................................. regalcresthomes.com

7.

Aurora.............................................Aurora Townhomes................................................. George St. & Wellington St. .........................................................andrinhomes.com

8.

Aurora.............................................Paradise Aurora ........................................................ Mavrinac Blvd. & Wellington St. ...............................paradisedevelopments.com

9.

Brampton.......................................Vales of the Humber Estates ................................. McVean Dr. & Countryside Dr.............................................. regalcresthomes.com

10.

Brampton.......................................Spring Valley Estates ............................................... 1364 Queen St. ........................................................................ springvalleyestates.ca

11.

Brampton.......................................Mayfield Village ........................................................ Bramalea Rd. & Mayfield Rd. ................................................. royalpinehomes.com

12.

Brampton.......................................The Sandalwood ...................................................... 120 Sandalwood Parkway East ............................................. royalcliffhomes.com

13.

Brampton.......................................Upper Valleylands of the Credit River ................ Mayfield St. & Chinguacousy Rd. .......................................... fieldgatehomes.com

14.

Brampton.......................................Three Rivers Claireville........................................... Goreway Dr. & Humberwest Pkwy ....................................... nationalhomes.com

15.

Brampton.......................................Queens Lane ............................................................. Mississauga Rd. & Queen St. ....................................... branthavenbrampton.com

16.

Brampton.......................................Cleave View Estate By The Credit ........................ Queen St. & Mississauga Rd. ................................................ regalcresthomes.com

17.

Brampton.......................................Westfield..................................................................... Mississauga Rd. & Steeles Ave. ...........................................................greatgulf.com

18.

Brampton.......................................The Estates of West River Valley........................... McVean Dr. & Countryside Dr............................................... royalpinehomes.com

19.

Brampton.......................................Mount Pleasant North & UNION Mount Pleasant .... Remembrance Rd. & Edenbrook Hill Dr. ............................mattamyhomes.com

20.

Brampton.......................................High Point .................................................................. Mississauga Rd. & Mayfield Rd. ................................paradisedevelopments.com

21.

Brampton.......................................Beechwood ............................................................... Chinguacousy Rd. & Mayfield Rd. ...........................paradisedevelopments.com

22.

Caledon .........................................Ellis Lane .................................................................... Mayfield Rd. & Chinguacousy Rd. ........................................mattamyhomes.com

23.

Caledon .........................................Palgrave Estates ....................................................... Mount Pleasant Rd. & Hunsden Rd. ...............................................flatogroup.com

24.

Caledon .........................................Pathways Caledon East .......................................... Old Church Rd. & Innis Lake Rd. .....................................................flatogroup.com

25.

Etobicoke.......................................Vita On The Lake 2 .................................................. 2167 Lake Shore Blvd. W. ........................................................mattamyhomes.com

26.

Etobicoke.......................................Lake Shore Village ................................................... 68 Daisy Ave. ................................................................................. dunparhomes.com

27.

Etobicoke.......................................Lake & Town .............................................................. Islington Ave. & Lake Shore Blvd ......................................................... menkes.com

28.

Etobicoke.......................................80 Thirtieth St. Towns ............................................. 80 Thirtieth St. .............................................................................. dunparhomes.com

29.

Former City of York .....................2650 St. Clair Ave W. ............................................... 2650 St. Clair Ave W .................................................................... dunparhomes.com

30.

Former City of York .....................2650 St. Clair Ave W. ............................................... 2650 St. Clair Ave W ....................................................................... madisongroup.ca

31.

North York .....................................Saturday in Downsview Park 2 & Parkside Towns at Saturday......... 2995 Keele St. ............................................................................mattamyhomes.com

32.

North York .....................................670 Progress Ave. .................................................... Progress Ave. & Grangeway Ave. ......................................... fieldgatehomes.com

33.

North York .....................................Origins of Don Mills ................................................ Don Mills Rd. & Lawrence Ave. .............................................mattamyhomes.com

34.

North York .....................................Hounslow Station .................................................... Yonge St. & Hounslow Ave. ...................................................mattamyhomes.com

35.

North York .....................................Park Place on Patricia ............................................. Bathurst St. & Patricia Ave ......................................................mattamyhomes.com

36.

North York .....................................Linbury Hill ................................................................ Linelle St. & Franklin Ave. .......................................................mattamyhomes.com

37.

Kleinburg .......................................Kleinburg Summit Gallery On The Park............. Kipling Ave. & Teston Rd. ........................................................mattamyhomes.com

38.

Kleinburg .......................................New Kleinburg .......................................................... Hwy. 27 & Major McKenzie Dr. W. ........................................ fieldgatehomes.com

39.

Kleinburg .......................................The Enclave on Nashville ...................................... 99 Nashville Rd. .......................................................................stateviewhomes.com

40.

Markham and Unionville ...........Canvas on the Rouge ............................................. 9700 Ninth Line ...........................................................................canvasmarkham.ca

41.

Markham and Unionville.............Cornell Markham ..................................................... Bur Oak Ave. & Hwy 7 .............................................................. ballantryhomes.com

42.

Marham and Unionville .............Union Glen ................................................................ Kennedy Rd. & Major McKenzie ............................................ fieldgatehomes.com

43.

Markham and Unionville ...........Riverwalk Meadows ................................................ Ninth Line & 14th Ave. .......................................................................flatogroup.com

44.

Markham and Unionville ...........Angus Glen South Village ...................................... 9980 Kennedy Rd., #200. .........................................kylemorecommunities.com

54 HOMES Magazine | July 17-Aug. 14, 2021

+

MAPS

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

MAP LOCATION

SITE

Locate properties using the map on the following page

ADDRESS

CONTACT

45.

Markham and Unionville ...........Kennedy Manors ...................................................... 4500 Major Mackenzie Dr East. ...............................kylemorecommunities.com

46.

Markham and Unionville ...........Nao Phase 2 .............................................................. 14th Ave. & McCowan Rd.......................................................stateviewhomes.com

47.

Markham and Unionville ...........On The Mark Phase 2.............................................. 16th Ave. & Woodbine Ave. ...................................................stateviewhomes.com

48.

Newmarket....................................Glenway Urban Towns ........................................... Bathurst St. & Highway 9 .............................................................andrinhomes.com

49.

Oshawa ..........................................Kingsview. Ridge ...................................................... Taunton Rd. & Townline Rd. N........................................................treasurehill.com

50.

Oshawa ..........................................Dreamscape .............................................................. Conlin Rd. & Harmony Rd. ..................................................... fieldgatehomes.com

51.

Oshawa .........................................Winchester Estates .................................................. Ritson Rd. & Winchester Rd................................................................... menkes.com

52.

Oshawa ..........................................Park Ridge .................................................................. Conlin & Townline Rds. ................................................... tributecommunities.com

53.

Pickering ........................................Geranium in Pickering............................................ Altona Rd. & Twyn Rivers Dr. .............................................................geranium.com

54.

Pickering ........................................Nutowns ..................................................................... Brock Rd. & Whitevale Rd. ............................................................ madisongroup.ca

55.

Pickering ........................................Edgewood Pickering............................................... Altona Rd. & Finch Ave. .......................................................................geranium.com

56.

Pickering ........................................Seaton ......................................................................... 1075 Taunton Rd. ...................................................................... fieldgatehomes.com

57.

Pickering ........................................Frenchman’s Bay...................................................... Liverpool Rd. & Bayly St. ...................................................................madisonfb.com

58.

Pickering ........................................Seatonville ................................................................. Brock Rd. & Taunton Rd. ............................................paradisedevelopments.com

59.

Richmond Hill ..............................The Bond ................................................................... Yonge & King.............................................................................stateviewhomes.com

60.

Richmond Hill ..............................King’s Landing .......................................................... Oak Ridges ................................................................................stateviewhomes.com

61.

Richmond Hill .............................Ivylea ........................................................................... Leslie St. & 19th Ave. ......................................................................marlinspring.com

62.

Richmond Hill ..............................Richlands.................................................................... Leslie St. & Elgin Mills Rd. ...................................................... fieldgatehomes.com

63.

Richmond Hill .............................Millbrook Park........................................................... Elgin Mills & Leslie St..........................................................northstarhomesinc.com

64.

Richmond Hill .............................Park Lane Place ........................................................ Elgin Mills & Leslie St..........................................................northstarhomesinc.com

65.

Richmond Hill .............................Observatory Hill ....................................................... Bayview Ave. & 16th Ave. ........................................................myobservatoryhill.ca

66.

Richmond Hill .............................Rosedale Greens ...................................................... Leslie St. & 19th Ave. .........................................................northstarhomesinc.com

67.

Richmond Hill .............................Bayview Gates .......................................................... Bayview Ave. & Bloomington Rd. ...................................... regalcresthomes.com

68.

Richmond Hill ..............................King East Estates ...................................................... King Rd. & Toscanini Rd...................................................................... pureplaza.com

69.

Scarborough .................................670 Progress Ave. .................................................... Progress Ave. & Grangeway Ave. ......................................... fieldgatehomes.com

70.

Scarborough .................................Valleyview Garden................................................... 3012 Kennedy Rd. ...................................................................valleyviewgardens.ca

71.

Scarborough .................................Upper Summerside ................................................. 743 Warden Ave. ......................................................................mattamyhomes.com

72.

Scarborough .................................2787 Eglinton Ave. E................................................ 743 Warden Ave. ......................................................................mattamyhomes.com

73.

Scarborough .................................Twelve on The Ravine ............................................ 1379 Military Trail ....................................................................................905-477-1177

74.

Scarborough .................................670 Progress Ave. .................................................... Progress Ave. & Grangeway Ave. .......................................... fieldgatehomes.com

75.

Thornhill ........................................Citylux Towns at Thornhill Woods ...................... Dufferin St. & Rutherford Rd. ................................................ fieldgatehomes.com

76.

Vaughan .........................................Hotel Vie..................................................................... 8440 Hwy. 27............................................................................................hotelvie.com

77.

Vaughan .........................................Evoke ........................................................................... Dufferin St. & Rutherford Rd. ..........................................................treasurehill.com

78.

Whitby ............................................Queen’s Common ................................................... 1075 Taunton Rd.. .....................................................................mattamyhomes.com

79.

Whitby ...........................................Country Lane ............................................................ Taunton Rd. & Country Lane ........................................... countrylanewhitby.com

80.

Whitby ...........................................The Hamptons at Country Lane .......................... Taunton Rd. & Country Lane ......................................................... heathwood.com

81.

Whitby ...........................................The Boatworks Towns in Whitby ......................... Brock St. S. & Victoria St. W. ........................................................andrinhomes.com

82.

Whitby ...........................................Park Vista/Whitby Meadows ................................. Cochrane St. & Taunton Rd ................................................... fieldgatehomes.com

83.

Whitby ...........................................Waterside Villas ........................................................ Gordon St. & Scadding Ave. .................................................. fieldgatehomes.com

84.

Whitby ............................................The Landing in Whitby Harbour........................... Brock St. South & Victoria St. ................................................................ carttera.com

85.

Whitechurch/Stouffville ............Blue Sky ...................................................................... 9th Line & Millard St. ................................................................ fieldgatehomes.com

86.

Whitechurch/Stouffville ...........Cityside Stouffville................................................... Tenth line & 19th Ave. ............................................................. fieldgatehomes.com

87.

Woodbridge ..................................Pine Valley.................................................................. Pine Valley Dr. & Major Mackenzie Dr. .....................................marlinspring.com nexthome.ca | myhomepage.ca 55

HOT PROPERTIES | GREATER TORONTO AREA

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6

8

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67 59

60 66

61

62 63 24

64

65 46 39

87

75 77

38 40 18 9

76 36 32

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MAPS

CARTOGRAPHY: MARKETMAPS.COM

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

nexthome.ca | myhomepage.ca 57

HOT PROPERTIES | OUT OF TOWN EAST

FIND YOUR NEXT HOME L

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Cameron in the Out of Town East Area to keep your eye on The latest properties

h

erso n

La k

e Dr

MAP wy W

1.

2.

3.

4.

5.

6.

7.

LOCATION

SITE

ADDRESS

CONTACT

Courtice .........................................The Vale ...................................................................... Prestonvale Rd. & Bloor St....................................................... nationalhomes.com East Region ...................................Newbrook .................................................................. North St. & Concession Rd. ......................................................brookfieldhomes.ca East Region ...................................Haven on the Trent .................................................. Forest Hill Rd. & Riverside Trail................................................................. sifton.com Peterborough ...............................Parklands & The Condo Arbour Villas ................ 1224 Chemong Rd. .......................................................................... masonhomes.ca Port Hope/Cobourg ...................Port Hope Lakeside Village ................................... 415 Lakeshore Rd. ............................................................................ masonhomes.ca Port Hope/Cobourg ...................Kingswood Cobourg............................................... 425 King St. E. .................................................................................... masonhomes.ca Port Perry.......................................Courts of Canterbury .............................................. Simcoe St. & Country Estates Dr. ......................................................geranium.com

Start your search Your trusted authority for the latest new home and condo developments. Visit nexthome.ca to get started.

58 HOMES Magazine | July 17-Aug. 14, 2021

HOT PROPERTIES | OUT OF TOWN NORTH

FIND YOUR NEXT HOME

The latest properties in the Out of Town North Area to keep your eye on

2 18

17

11

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12

8

CARTOGRAPHY: MARKETMAPS.COM

9 14

10

15 16 3 4 13

MAP 1.

2.

3.

4.

5.

6.

7.

8.

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11.

12.

13.

14.

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18.

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SITE

6 7 5

ADDRESS

CONTACT

Barrie ..............................................Bea Townhomes ...................................................... Essa Rd. & Ardagh Rd. .............................................................stateviewhomes.com Bracebridge ..................................White Pines ................................................................ 39 Clearbrook Trail ...................................................................mattamyhomes.com Bradford .........................................Summerlyn Village .................................................. Downey Emerald Dr. & Summerlyn Trail .........................................greatgulf.com Bradford .........................................DreamFields .............................................................. McCann Cres. & Vipond Way ........................................................... rosehaven.com East Gwillimbury..........................Hillsborough ............................................................. Old Yonge St. & Yonge St. ....................................................................greatgulf.com Horseshoe Valley.........................Forest Heights Estates ............................................ 2 Diamond Valley Dr., Oro Medonte ................................. democrathomes.com Holland Landing ..........................AnchorWoods ........................................................... Leslie St. & Mount Albert Rd................................................ rosehavenhomes.com Innisfil .............................................Friday Harbour Resort ............................................ Big Bay Point Rd. & 13th Line.............................................................geranium.com North Region ................................Craighurst .................................................................. Horseshoe Valley Rd. & Hwy. 93................................georgianinternational.com North Region ................................Mountain House at Windfall ................................. Mountain Rd. & Crosswinds Blvd, Collingwood ...georgianinternational.com North Region ................................Emerald Crossing..................................................... Hwy. 89 & Hurontario St., Shelburne .................................. fieldgatehomes.com North Region ................................Braestone Horseshoe Valley ................................. 3246 Line 9 North, Oro Medonte..............................georgianinternational.com North Region ................................GreenRidge & Beeton Village ............................... 41 Main St. W., Beeton .......................................................................flatogroup.com North Region ................................Midhurst Heights...................................................... Russel Rd. & Craig Rd...........................................................................geranium.com North Region ................................Edgewood Greens ................................................... Hwy. 10 & Main St. East, Dundalk ...................................................flatogroup.com North Region ................................Edgewood Suites ..................................................... 270 Hagan St. E., Dundalk .........................................................edgewoodsuites.ca North Region ................................Collingwood ............................................................. Maple & Sixth Street ..........................................................georgianinternational.ca Orillia ..............................................Professor’s Walk ....................................................... Diana Dr. & University Ave. ................................................... democrathomes.com

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nexthome.ca | myhomepage.ca 59

HOT PROPERTIES

FIND YOUR NEXT HOME

The latest properties in the Southwestern Ontario Area to keep your eye on

MAP LOCATION

SITE

ADDRESS

CONTACT

1.

Burlington/Waterdown..............The Towns at Valera ................................................ 4858 Thomas Alton Blvd. ...................................................adidevelopments.com

2.

Burlington/Waterdown..............Nautique Lakefront Residences ........................... 375 Brant St. ............................................................................adidevelopments.com

3.

Burlington/Waterdown..............National Homes in Burlington, ............................ 484-490 Plains Rd. E. ............................................................... nationalhomes.com

4.

Burlington/Waterdown..............Affinity Condominiums .......................................... Plains Rd. E. & Filmandale Rd. ............................................ rosehavenhomes.com

5.

Burlington/Waterdown..............Millcroft Towns ......................................................... Appleby Line & Taywood Dr........................................... branthavenmillcroft.com

6.

Hamilton-Wentworth .................Losani Homes at Barton & Glover ....................... Barton St. & Glover Rd. ..................................................................losanihomes.com

7.

Hamilton-Wentworth .................On The Ridge ............................................................ Mud St. & First Ave. ......................................................................... liveontheridge.ca

8.

Hamilton-Wentworth .................Central Park: Midtown & Soho ............................. Upper Red Hill Valley Pkwy & Rymal Rd. .................................. MyCentralPark.ca

9.

Hamilton-Wentworth .................Tiffany Hill Phase 3.................................................. 288 Raymond Rd. ............................................................................... rosehaven.com

10.

Hamilton-Wentworth .................Monterey Heights .................................................... Shaver Rd. & Garner Rd. W. ..........................................................dicenzohomes.ca

11.

Hamilton-Wentworth .................Stonegate Park ......................................................... Upper Wellington St. & Stone Church Rd. E. ...........................dicenzohomes.ca

12.

Kitchener/Waterloo ....................Wallaceton ................................................................. Huron Rd. & Fischer-Hallman........................................................ heathwood.com

13.

Kitchener/Waterloo ....................River Ridge................................................................. 90 Deer Creek St. ............................................................................................. activa.ca

14.

Kitchener/Waterloo ....................Vista Hills.................................................................... 259 Sweet Gale St............................................................................................ activa.ca

15.

Kitchener/Waterloo ....................Avenue M ................................................................... 40 Margaret Ave. .................................................................................. avenuemkw.ca

16.

Kitchener/Waterloo ....................Young Condos at City Centre ............................... King West & Young St. ...................................................................andrinhomes.com

17.

Kitchener/Waterloo ....................Trailside at Grey Silo Gate...................................... 243 Grey Silo Rd............................................................................................... activa.ca

18.

Kitchener/Waterloo ....................Riverwood ................................................................. 90 Deer Creek St. ............................................................................................. activa.ca

19.

Kitchener/Waterloo ....................Doon South & Ormston at Doon South ............ 653 Thomas Slee Dr. ....................................................................................... activa.ca

20.

London ...........................................RiverBend Golf Community.................................. 2200 Jack Nash Dr. ..................................................................................... sifton.com

21.

London ...........................................Victoria Flats.............................................................. Commissioners Rd. E. & Hamilton Rd. ................................................... sifton.com

22.

London ...........................................Victoria On The River.............................................. Sheffield Blvd. & Commissioners Rd. E. ................................................. sifton.com

23.

London ...........................................Caverhill ..................................................................... Clarke Rd. & Kilallay Rd. ............................................................................. sifton.com

24.

London ...........................................Hudson Park.............................................................. Colonel Talbot Rd. & Pack Rd. .................................................................. sifton.com

25.

London ...........................................Liberty Crossing ....................................................... Wonderland Rd. S. & Hamlyn St............................................................... sifton.com

26.

London ...........................................Middleton................................................................... Wharncliffe Rd. & Exeter Rd. ..................................................................... sifton.com

27.

Milton .............................................West Country Milton ............................................... Regional Rd. 25 & Brittania Rd. ................................................... countryhomes.ca

28.

Milton .............................................Milton Village ............................................................ Tremaine Rd. & Britannia Rd. ..............................................................greatgulf.com

29.

Milton .............................................Soleil............................................................................ Louis St. Laurent Ave. & Bronte St. S. ...................................mattamyhomes.com

30.

Mississauga ...................................5150 Ninth Line ........................................................ 5150 Ninth Line .........................................................................mattamyhomes.com

31.

Mississauga ..................................National Homes Mississauga ................................ 1240 Britannia Rd. W. ................................................................ nationalhomes.com

32.

Mississauga ..................................Streetsville Centre ................................................... Mill St. & Queen St. S................................................................... dunparhomes.com

33.

Niagara Region ............................Millennium................................................................. Portage Rd., Niagara Falls ..........................................................mountainview.com

34.

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

35.

Niagara Region ............................Lyon’s Creek .............................................................. 4382 Mann St ................................................................................mountainview.com

36.

Niagara Region ............................Portview Estates ....................................................... Simcoe St. & Canal St..............................................................silvergatehomes.com

37.

Niagara Region ............................Vista Ridge & Vibrant at Vista Ridge .................... 4008 Mountain St. ..........................................................................losanihomes.com

38.

Niagara Region ............................Davis Heights ............................................................ 1535 Haist St, Pelham. ............................................................ lucchettahomes.com

39.

Niagara Region ............................Grimsby Waterfront ................................................. 398 N Service Rd. ...........................................................................losanihomes.com

40.

Niagara Region ............................Saffron Estates .......................................................... Port Robinson Rd. & Rice Rd., Fonthill ...................................mountainview.com

41.

Niagara Region ............................Lincoln Estates.......................................................... Lincoln Ave. & King St. ...................................................................losanihomes.com

42.

Niagara Region ............................Riverside at Hunters Pointe................................... 71 Kyntre Trail............................................................................ lucchettahomes.com

43.

Niagara Region ............................Edgewater Trails ....................................................... Daimler Pkwy & Magnolia Ln, Welland. .............................. ballantryhomes.com

44.

Niagara Region ............................One Twenty Condos ............................................... Canboro Rd. & Rice Rd., Fonthill .............................................mountainview.com

60 HOMES Magazine | July 17-Aug. 14, 2021

+

MAPS

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

MAP LOCATION

SITE

Locate properties using the map on the following page

ADDRESS

CONTACT

45.

Niagara Region ............................Village on the Twelve ............................................. 21 Willow Bank Common St. ................................................silvergatehomes.com

46.

Niagara Region ............................River Estates .............................................................. Lametti Dr., Pelham.....................................................................mountainview.com

47.

Niagara Region ............................Timberwood Estates ............................................... Merritt Rd. & Grisdale Rd., Thorold .........................................mountainview.com

48.

Niagara Region ............................Ryan’s Grove ............................................................. 13 Tanner Dr. ............................................................................. lucchettahomes.com

49.

Niagara Region ............................Legends On The Green .......................................... Niagara Pkwy & Legends Way ............................................... silvegatehomes.com

50.

Niagara Region ............................Great Blue Resorts ................................................... 612A Welland Ave., St. Catharines .......................................greatblueresorts.com

51.

Niagara Region ............................West Community ..................................................... 44 Elderberry Rd., Thorold........................................................mountainview.com

52.

Oakville ..........................................Oakville Ravine Townhomes ................................ Sixth Line & Germorda Dr.......................................................... dunparhomes.com

53.

Oakville ..........................................Bronte Meadows ...................................................... Bridge Rd & Warminster Dr. .............................................................flatogroup.com

54.

Oakville ..........................................Randall Residences ................................................. Trafalgar Rd. & Randall St..................................................... rosehavenhomes.com

55.

Oakville ..........................................Glen Ashton Estates in Joshua Creek................. Dundas St. & Trafalgar Rd. ..................................................................... menkes.com

56.

Oakville ..........................................Trafalgar Ridge.......................................................... River Oaks Blvd. & Namron Gate ............................................. dunparhomes.com

57.

Oakville ..........................................White Oaks Ravine................................................... 1429 Dundas St. ........................................................................... dunparhomes.com

58.

Oakville ..........................................The Preserve & East Preserve .............................. Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com

59.

Oakville ..........................................The Preserve Woodland Estates .......................... Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com

60.

Oakville ..........................................5North The Preserve,.............................................. Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com

61.

Oakville ..........................................The Villages of Oak Park ........................................ Trafalgar Rd. & Dundas st. E. ................................................. ballantryhomes.com

62.

Oakville ..........................................West & Post................................................................ 2714 Westoak Trails Blvd. ..................................................branthavenoakville.com

63.

Oakville ..........................................Upper Joshua Creek ............................................... 9th Line & Dundas St. ..............................................................mattamyhomes.com

64.

Oakville ..........................................La Réserve.................................................................. 153 Reynolds St. ..................................................................... rosehavenhomes.com

65.

Welland ..........................................Sparrow Meadows ................................................... 335 Hillsdale Rd.. ................................................................... rosehavenhomes.com

66.

West Region ..................................The McKenzie Towns .............................................. 1535 McKenzie Rd. ......................................................................mountainview.com

67.

West Region ..................................Sifton Homes ............................................................ Hyde Park Rd. & Ilderton Rd. .................................................................... sifton.com

68.

West Region ..................................Boulder Creek ........................................................... Cleaver Rd. & King Edward St. .................................................................. sifton.com

69.

West Region ..................................St. George Village .................................................... Concession 2 & Woodhill Rd. ......................................................losanihomes.com

70.

West Region ..................................HarrisView.................................................................. 34 Hollingshead Rd..................................................................................... sifton.com

71.

West Region ..................................Brant West .................................................................. 562 Shellard Ln ....................................................................................brantwest.com

72.

West Region ..................................Magnolia Trails .......................................................... Modeland Rd. & Michigan Lane ............................................................... sifton.com

73.

West Region ..................................Rosewood.................................................................. Nissouri Rd. & Thorndale Rd..................................................................... sifton.com

74.

West Region ..................................Soleil St. Clair ............................................................ Corunna ......................................................................................................... sifton.com

75.

West Region ..................................Seasons & Watercolours at Simply Grand ......... 1039 Rest Acres Rd. ........................................................................losanihomes.com

76.

West Region ..................................Knightsbridge ........................................................... Graff Ave. & Mornington St. ...................................................................... sifton.com

77.

West Region ..................................Hazelwood on the Grand ...................................... Hardy Rd......................................................................................................... sifton.com

78.

West Region ..................................Cottonwood.............................................................. Dingle St. ........................................................................................................ sifton.com

79.

West Region ..................................Hawthorne Park ....................................................... Oakwood Dr. & Byron Ave. ....................................................................... sifton.com

80.

West Region ..................................Reflections Caledonia ............................................ 1437 McKenzie Rd .................................................................... ballantryhomes.com

81.

West Region ..................................Lakeside Landing Wellington................................ 411 Main St., Wellington.......................................................... royalcliffhomes.com nexthome.ca | myhomepage.ca 61

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

KITCHENER–WATERLOO

Guelph 17

14

Waterloo 12 Kitc

16 15

hener

Milton

13 18

32 34

76

33 19

Cambridge 1 5

68

3 70 67

4

75 77

Brantford

Hamilton

71 9 10

LONDON

8

73

23 69 20

11

66 85

London 22 21

80

26 72

25 24

74

78

62 HOMES Magazine | July 17-Aug. 14, 2021

81 31

Mississauga

32

30

55 66

63 57 65 56

52

64 Oakville 54

58 64

53

MAPS Burlington

6 7

39 46

41 37

50

45 34

St Catharines

51 33

Niagara Falls 79 44 40

38 48

65

47 42 43

36 35

49

Welland

CARTOGRAPHY: MARKETMAPS.COM

2

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

nexthome.ca | myhomepage.ca 63

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64 HOMES Magazine | July 17-Aug. 14, 2021

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ADVICE | INDUSTRY REPORT

AFFORDABLE HOMES IN THE CITY A RESPONSIBILITY WE ALL SHARE

DAVE WILKES Imagine you’re buying a new condominium unit in Toronto.

You can see yourself living in an urban environment, close to transit, interesting neighbourhoods, trendy boutiques and restaurants. Next, imagine finding out that the suite you’re looking at will cost more than $65,000 more than you originally thought because the City of Toronto is requiring you to pay more to subsidize the cost of building “affordable” below-market units in the same building.

This scenario would be the likely consequence of the City’s proposed new Inclusionary Zoning (IZ) policy.

It doesn’t sound right, does it? Our industry considers IZ part of the social responsibility that it shares with others in our society, but in the interest of fairness to all new-home buyers, we are asking that it be implemented using a partnership model.

Inclusionary Zoning is a planning practice in place in a number of North American jurisdictions that allows municipalities to require that a certain percentage of new residential units within a given project be set aside as affordable. When an Inclusionary Zoning policy is structured properly – providing for a partnership between developers, builders and municipalities, with incentives or concessions that help offset the costs of building units to sell or rent for below-market rates – it helps create complete and inclusive communities and is supported by our industry.

Unfortunately, the City of Toronto’s current proposal has a number of flaws that will ultimately reduce supply, increase costs to new-home

66 HOMES Magazine | July 17-Aug. 14, 2021

buyers, or both. We outline these in our recent report, Affordable Housing in the City of Toronto – A Responsibility We All Share.

First, unlike IZ policies in other North American jurisdictions, Toronto’s proposed policy does not provide for offsets or density bonuses to compensate the industry for the cost of building the affordable units. It rushes to mandatory implementation, something that most jurisdictions phase in gradually to allow the market to adjust, and it does not provide a cash-in-lieu option.

The City already collects money for affordable housing from new development in the form of Development Charges, and soon also with the new community benefit charge. Its Inclusionary Zoning proposal does not compensate for the $6,000 per unit that would be collected through these combined fees, and adds an incremental (on average) $65,000 to a purchase unit and $116,000 to a rental unit over its lifespan.

Finally, the proposal will introduce market distortions that will cause many projects to become financially unviable. This will limit the supply and choice of homes available for new-home buyers and further affect affordability.

Government fees, taxes and charges already account for almost a quarter of the cost of a new home in the GTA. It’s time for municipalities to realize that layering added costs onto new homes is one of the root causes of our current housing crisis.

It is the responsibility of our industry to build complete communities, and it is the responsibility of municipal government to provide the conditions and policies to enable this to happen.

The Building industry and Land Development Association (BILD) supports the use of Inclusionary Zoning as a planning tool to enable municipalities to secure affordable housing in new developments, as long as it provides for a partnership between builders, developers and municipalities that shares the risks and costs of building below-market units.

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

o will call the GTA home by 2051.

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