GTA Condo Life - August 28, 2021

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Greater Toronto Area Aug. 28–Sept. 25, 2021

Greater Toronto’s COMPLETE CONDO GUIDE D i s c ove r Ve rg e by

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UNDER CONSTRUCTION

OCCUPANCY SPRING 2022

SUITE K1 BED + DEN 676 sq.ft

RETHINK LIVING

BY THE LAKE AND PARK

Nestled within an area featuring beautiful public parks and pathways, Humber Bay, Shores Park, the Waterfront Trail and High Park to name a few, and facing the expanse of Lake Ontario, Mirabella combines urban living within one of the most natural settings in Toronto.

Our suites not only showcase our bespoke quality for enduring value but are also up to 20% larger than the average downtown urban condo, providing you with additional space to live, work and play. All suite owners have access to exclusive amenities including two shared outdoor terraces, a party room, indoor pool, yoga studio, fitness centre and more.

Located at 1926 Lake Shore Blvd W. residents can enjoy great neighbourhoods, an unprecedented natural environment and a convenient commute to the downtown Toronto core, Mississauga centre and the airport. Mirabella offers Toronto living away from the congestion of downtown and without altering the convenience of your lifestyle.

All dimensions , specifications, and drawings a

November 24, 2020

*Limited time offers for K-W deals signed on or before September 30, 2021. Prices, availability and specifications are subject to change without notice. Upgrades included may vary per suite, please ask a sales representative for more information. Illustrations are artist’s concept only. Views from other levels may vary. E. & O. E. URBAN CORPORATION

SUITE K-W

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FLOORS 12-26

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FLOORS 12-26

REGISTER NOW FOR MORE INFORMATION

FINAL RELEASE NOW SELLING

mirabellacondos.ca 416 961 8008 | info@mirabellacondos.ca

AUG. 28–SEPT. 25, 2021

CONTENTS COVER STORY

24 Verge Condominiums RIOCAN LIVING LAUNCHES SMART, MIXED-USE RESIDENTIAL PROJECT ON THE QUEENSWAY 6 condolife magazine | Aug. 28–Sept. 25, 2021

38

30 DEPARTMENTS

8

Editor’s Note Housing election

10

Contributors & Masthead

14

Condo Life Online

16

In the Spotlight New home sales up 25 per cent; more news on pages 18, 19 and 20

22

Inside The GTA

30 Neighbourhood Watch Vaughan

32

In Conversation With...

Justin Federbush, Vice-President, Marketing & Operations, Diamante Development Corp.

58 Maps & Amenity Charts 65 Advertisers Index Want more information? Just ask — and you coud win a prize

47 28

Home Realty

INTERIORS

Down in size, up in luxury and convenience

47 Interiors Cover

29 Personal Finance How to prepare for a hot fall market

34 Legally Speaking

21

Stat Chat We really need more housing in the GTA

50 Big Style, Small Spaces 52

Home Finds

Why you need a will to help your kids buy a home

36 The Marketing Edge Top drivers of success for family businesses

42 Condo Pro GTA sales momentum builds in 2021

44 Western View Growth means changes in housing

46 Real Insight Market turnaround for condos in the GTA

66 Industry Report COLUMNS

48 Decor

People’s Award celebrates excellence and innovation in GTA homebuilding industry

Property profile 36 Lusso Urban Towns Niagara’s newest hip community from Lucchetta Homes

38

Mirabella Diamante has created a pair of stunning towers on the Humber Bays Shores

40 Premier Collection White glove service and unparalleled personalization

7

EDITOR’S NOTE

HOUSING ELECTION

WAYNE KARL EDITOR-IN-CHIEF Condo Life Magazine

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

+ get social 8 condolife magazine | Aug. 28–Sept. 25, 2021

“We have a dire shortage of housing across the country which threatens to derail our economic recovery if the problem is not addressed immediately.”

Richard Lyall, president of the Residential Construction Council of Ontario, you took the words right out of my mouth.

Lyall made these comments on the morning of Aug. 24, moments after Liberal leader Justin Trudeau announced details of his plan to address housing, if he were re-elected Prime Minister on Sept. 20.

If you think, or ever thought, that this federal election isn’t about – or included – housing, think again.

If you need proof, see page 20. The ReMax 2021 GTA Hot Pocket Communities Report illustrates the “staggering growth” and soaring prices in the single-detached homes market in the GTA. Take a look at those numbers. They are downright scary and, many experts say, unsustainable.

Equally worrisome is that this category is showing no signs of slowing, so the value appreciations may be even greater by year’s end.

If you’re fortunate enough to already own a home, of course, this is fantastic news. But if you’re looking to move, upsize for a growing family, or assist your children in buying their first home, you may well now have a slightly different view.

For his part, Trudeau promises to introduce a rent-to-own program, double the Home Buyers Tax Credit, and create a tax-free First Home Savings Account. To increase the supply and ease competition in the housing market, he says the Liberals will build, preserve or repair 1.4 million homes in four years.

“And when you’re ready to buy, we’ll make sure the process is fair and transparent by creating a Home Buyers’ Bill of Rights to stop blind bidding, pause new foreign ownership, and more,” he says.

It’s worth noting that Trudeau introduced Canada’s first National Housing Strategy in 2017 – a 10-year, $40-billion plan “to give more Canadians a place to call home.”

If such serious housing problems persist, how do we assess the effectiveness of that plan?

Conservative leader Erin O’Toole, meanwhile, has pledged to build one million new homes in three years, and ban foreign investor purchases.

It’s also important to understand that real estate is local; performance is also influenced by public policy and economic fundamentals at the provincial and municipal levels.

While housing is currently being discussed at the federal level – and leaders appear to be listening – in June 2022, we’ll be going to the polls in a provincial election.

It’s up to voters to test these leaders on their policies, to see if they truly understand these issues.

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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 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

CONDO PRO | BARBARA LAWLOR Barbara Lawlor is President and CEO of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in Canada and overseas. baker-re.com

EDITOR-IN-CHIEF – GREATER TORONTO AREA

Wayne Karl wayne.karl@nexthome.ca MANAGING EDITOR

Rise Levy rise.levy@nexthome.ca CONTRIBUTORS

Jesse Abrams, Mike Collins-Williams, Debbie Cosic, Sara Duck, Barbara Lawlor, Linda Mazur, Allyson McOuat, Jason Mercer, Ben Myers, Lisa Rogers, Jayson Schwarz, Dave Wilkes SENIOR VICE-PRESIDENT, SALES NEXTHOME

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

DECOR | LINDA MAZUR Linda Mazur is an award-winning designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds throughout the GTA and Canada. lindamazurdesign.com @LindaMazurGroup

Jessica Wilson 416.873.1049, jessica.wilson@nexthome.ca Natalie Chin 416.881.4288, natalie.chin@nexthome.ca VICE-PRESIDENT, DIGITAL

Virginia Knott

DIGITAL SALES MANAGER

Amanda Bell

VICE-PRESIDENT MARKETING – GTA

Leanne Speers

SENIOR CLIENT RELATIONS SPECIALIST – GTA

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

Sonia Presotto

MANAGER CUSTOMER SALES/SERVICE

Marilyn Watling

SALES & MARKETING CO-ORDINATORS

Gary Chilvers, Vi Nguyen

HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA

Josh Rosset DISTRIBUTION

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

ACCOUNTING INQUIRIES

accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs

VICE-PRESIDENT PRODUCTION – GTA

Lisa Kelly

PRODUCTION MANAGER – GTA

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

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 LLM 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 condolife magazine | Aug. 28–Sept. 25, 2021

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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.

A NEW VISION OF LUXURY LIVING STUNNING NEW RELEASE OF SUITE DESIGNS FROM THE UPPER $500s New exciting release! Oro at Edge Towers has just released a limited collection of stunning new suite designs by renowned Architect Roy Varacalli. A new vision of ultra-lux living in One bedroom, One plus den, and Two bedroom suites, with grand interiors and luxury finishes, beginning in the upper $500s. Located in the heart of Mississauga’s City Centre, and just steps from Square One, Oro is the only new downtown condo community that is right on the new LRT line.

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

Catch up between issues at

nexthome.ca & enjoy these popular stories

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From bricks and beams to design and technology, DAZZ Group brings it all home When considering everything that goes into building your home, you want someone who brings expertise, experience and the reputation to back it all up. CEO Jack Da Silva breaks down the philosophy at DAZZ Group.

NEW CONDO

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In Conversation With...

Mike Collins-Williams, CEO, West End Home Builders’ Association As more GTA residents head west to Burlington, Hamilton and other locales in search of more affordable homes, these areas are now seeing rapid price growth. Mike CollinsWilliams, CEO of the WEHBA, explains why that’s a problem.

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IN THE SPOTLIGHT

YEAR-TO-DATE GTA

NEW HOME SALES UP 25 PER CENT OVER 10-YEAR AVERAGE

The GTA new home market saw another active month in June, bringing the number of new home sales in the first six months of the year to 25 per cent above the 10year average, the Building Industry and Land Development Association (BILD) reports.

The total of new home units sold through the first six months of 2021 was 24,060, according to Altus Group, BILD’s official source for new home market intelligence. Total June new home sales, with 3,860 units sold, were four per cent above the 10-year average.

Condominium units, including units in low-, medium- and highrise buildings, stacked townhouses and loft units, accounted for 2,775 new home sales in June, 13 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 1,085 units sold in June, were 14 per cent below the 10-year average.

“The new home market has been a key driver of economic activity through the pandemic, providing jobs and homes for the residents of the GTA,” says Dave Wilkes, BILD president and CEO. “As we look forward, we will be monitoring the continuing strength and speed of economic recovery, the return of typical immigration levels and the possible rise in interest rates and their impact on the new home

construction. Dipping inventory levels, particularly on the condo side, continue to remind us that the current affordability challenges facing the GTA housing market are driven by a lack of supply.

Governments at all levels need to take action on removing barriers to getting new housing built.”

“The demand for new homes remains impressive, in particular given the challenges homebuyers have faced in the past year,” adds Edward Jegg, analytics team leader, Data Solutions, Altus Group. “New product brought to the market has not kept pace with sales and, as a result, relatively low inventories of product available to purchase continue to exert pressure on prices.”

The benchmark price for new condominium units in June was $1.06 million, up 5.9 per cent over the last 12 months, while new singlefamily homes rose 23.1 per cent to $1.40 million.

Total remaining new home inventory was 11,451 units in June.

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

JUNE NEW HOME SALES BY MUNICIPALITY CONDOMINIUM UNITS

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SINGLE-FAMILY HOMES

TOTAL

REGION

2021

2020

2019

2021

2020

2019

2021

2020

2019

DURHAM

221

23

83

375

298

189

596

321

272

HALTON

704

66

164

149

278

156

853

344

320

PEEL

490

142

500

120

143

225

610

285

725

TORONTO

867

408

1,447

15

6

8

882

414

1,455

YORK

493

99

563

426

461

297

919

560

860

GTA

2,775

738

2,757

1,085

1,186

875

3,860

1,924

3,632

SOURCE: ALTUS GROUP

16 condolife magazine | Aug. 28–Sept. 25, 2021

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IN THE SPOTLIGHT

JULY NUMBERS SHOW

STRONG DEMAND CONTINUES FOR HOMEOWNERSHIP IN GTA With almost 9,400 sales reported in July 2021, demand for ownership housing remained well above average for the time of year, despite being below the record July result set a year earlier. Market conditions actually tightened relative to July 2020, with sales accounting for a greater share of new listings compared to last year. The sellers’ market conditions sustained a double-digit annual rate of price growth.

“Demand for ownership housing has remained strong, despite a pandemic-related lull in population growth,” says TRREB President Kevin Crigger. “Of specific note is the condominium apartment market, which has seen a marked turnaround in 2021, with sales up compared to last year. First-time buyers, many of whom were slower to benefit from the initial recovery phase, remain very active in the marketplace.”

Greater Toronto Area realtors reported 9,390 sales through TRREB’s MLS System in July 2021 – down by 14.9 per cent from 11,033 in July 2020. On a seasonally adjusted basis, July sales were down by two per cent compared to June.

The MLS Home Price Index Composite Benchmark was up by 18.1 per cent compared to July 2020.

The average price for all home types combined was $1,062,256 – up 12.6 per cent compared to July 2020. The detached market segment led the way in terms of price growth, driven by sales in the suburban regions surrounding Toronto. On a seasonally adjusted basis, the average price was up by 0.9 per cent compared to June.

“The annual rate of price growth has moderated since the early spring, but has remained in the double digits,” says TRREB Chief Market Analyst Jason Mercer. “This means that many households are still competing very hard to reach a deal on a home. This

strong upward pressure on home prices will be sustained in the absence of more supply, especially as we see a resurgence in population growth moving into 2022.”

“There is a huge backlog of people seeking citizenship or permanent resident status in Canada,” adds TRREB CEO John DiMichele. “A large share of these newcomers will ultimately choose to call the GTA home. This means ownership and rental market conditions will remain tight with upward pressure on prices for the foreseeable future. Policy makers at all levels must pursue a coordinated effort to bring on a greater diversity of supply in major metropolitan areas.”

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

The One Stop Shop for Builder Storytelling mcouatpartnership.com

416

905

Total

Detached

$1.63M (5.7)

$1.35M (27.0)

$1.41M (21.7)

Semi-detached

$1.20 (2.10)

$944,062 (22.1)

$1.03M (12.2)

Townhome

$893,347 (5.1)

$837,906 (19.3)

$849,950 (15.9)

Condo

$715,977 (4.8)

$589,582 (11.7)

$674,490 (6.0) SOURCE: TRREB

18 condolife magazine | Aug. 28–Sept. 25, 2021

IN THE SPOTLIGHT

ONTARIO MARKETS LEAD THE WAY AS CANADIAN HOME PRICES RISE 25.3 PER CENT

Canadian home prices rose 25.3 per cent year-over-year to $727,000 in the second quarter of 2021, with markets in Ontario and the GTA again leading the growth, according to the Royal LePage House Price Survey.

Broken out by housing type, the Royal LePage National House Price Composite shows the median price of a single-family detached home rose 27.1 per cent year-over-year to $765,000, while condominiums increased 11.7 per cent to $525,000.

Price data includes both resale and new build.

“After a year of record growth in the Canadian housing market, we appear to have passed the peak of price appreciation,” says Phil Soper, president and CEO of Royal LePage.

“While current home price gains are expected to be sustained due to chronically low inventory and new demand from growing household formation, investors and newcomers, the torrid pace of home price appreciation has begun to moderate.”

With COVID-19 cases on the decline and rates of full immunization rapidly rising, a return to prepandemic life seems imminent. This will mean a boost in immigration, the return of jobs in the hospitality and tourism industries, and the return of foreign students.

“Household formation will undergo another major shift before the end of the year, with many young Canadians who chose to move in with parents during the lockdowns looking for

AGGREGATE HOME PRICES, SELECT ONTARIO MARKETS Q2 MARKET

Q2 2020

Q1 2021

Q2 2021

Q/Q % chg

Ajax

$715,000

Barrie

$568,250

Brampton

Y/Y % chg

$903,000

$937,500

3.8

31.1

$735,000

$762,500

3.7

34.2

$778,000

$915,000

$955,000

4.4

22.8

Burlington

$885,500

$990,500

$1.00M

1.0

13.0

Cambridge

$569,750

$726,250

$756,250

4.1

32.7

Guelph

$572,000

$745,000

$767,500

3.0

34.2

Hamilton

$613,750

$715,000

$760,000

6.3

23.8

Kitchener-Waterloo

$568,250

$720,000

$735,000

2.1

29.3

Markham

$940,000

$1.15M

$1.22M

6.6

29.8

Milton

$807,000

$1.00M

$1.05M

4.1

29.7

Mississauga

$860,000

$1.03M

$1.37M

5.4

29.1

Niagara-St. Catharines

$450,000

$595,100

$612,000

2.8

36.0

$1.06M

$1.3M

$1.37M

5.4

29.1

Oakville Oshawa

$579,450

$767,500

$787,750

2.8

36.1

Pickering

$786,000

$990,000

$998,500

0.9

27.0

Richmond Hill

$1.04M

$1.19M

$1.27M

6.2

22.4

Toronto

$1.03M

$1.08M

$1.11M

3.0

8.3

Vaughan

$982,500

$1.19M

$1.24M

3.8

26.3

Whitby

$735,000

$932,000

$987,500

6.0

34.4

their own places to live,” says Soper.

“As the hospitality industry reopens and employment opportunities abound, new sources of housing demand will emerge. Finally, we will welcome back hundreds of thousands of foreign students and a new wave of immigration. All of these people need to put a roof over their heads.”

The aggregate price of a home in the GTA increased 18.2 per cent year-over-year to $1.03 million in the second quarter of 2021. Broken out by housing type, the median price of a single-family detached home increased 28.2 per cent to $1.30 million, while condominiums rose 8.6 per cent to $630,000 during the same period.

In Toronto, the aggregate price of a home increased 8.3 per cent year-over-year to $1.11 million, in the second quarter of 2021. Singlefamily detached home increased 14.8 per cent to $1.55 million, while condominiums rose 5.8 per cent to $695,000.

Royal LePage is forecasting GTA aggregate home price growth of 14.5 per cent in the fourth quarter of 2021, compared to the same quarter last year.

SOURCE: ROYAL LEPAGE NATIONAL HOUSE PRICE COMPOSITE Q2 2021

nexthome.ca | myhomepage.ca 19

in the spotlight

‘STAGGERING GROWTH’ dOmINATES SINGLE-dETACHEd mARKET IN THE GTA Prospective homebuyers in the GTA might want to give the highrise market a close look, as sales and prices of single-detached homes are showing “staggering growth” and soaring prices, with no signs of slowing, according to the ReMax 2021 GTA Hot Pocket Communities Report.

A steady decline in the supply of single-detached housing in the GTA, coupled with low mortgage rates, hastened demand from first-time homebuyers and galvanized the city’s move-up market in the first half of 2021, ReMax says.

The report examined trends and developments in 60 Toronto Regional Real Estate Board (TRREB) districts, finding that inventory constraints propelled demand throughout the GTA and set the stage for unprecedented market performance.

With 11,297 active listings, this was the lowest level for June in at least a decade, and down 35 per cent from the 10-year average of 17,260, surpassing the previous low of 12,327 reported in June of 2016.

As a result, the average price for single-detached homes soared, with values in almost 97 per cent of TRREB communities well ahead of year-ago levels, with nearly half reporting an increase of 25 per cent or more over 2020.

“Halfway into 2021, and the GTA’s

travelling further afield to make it happen while working from home.”

New-home construction has intensified in outlying areas in recent years. This is especially so in the communities of Clarington, North Oshawa, East Gwillimbury, North Keswick (Georgina) and Caledon, where an abundance of new housing product has come to the market as resales and are quickly snapped up.

“The most daunting aspect of the current housing surge is that this period may actually be the calm before the storm,” says Alexander.

“With the worst of the pandemic hopefully in the rear-view mirror and recovery on its way, economic expansion is likely. The Bank of Canada is committed to holding interest rates at current historically low levels for at least another year.

Immigration is expected to bring another 1.2 million permanent residents to the country over the next three years.”

housing market continues to fire on all cylinders,” says Christopher Alexander, senior vice-president of ReMax Canada.

With interest rates at historic lows, first-time buyers are scrambling to get into the market before homeownership is beyond their financial reach. However, affordability challenges continue to be exacerbated by the supply crunch. Of the 60 TRREB communities examined in the report, only six offered single-detached homes at less than the $1-million price point. This is compared to 18 communities during the same period in 2020, and 28 in 2019. All six markets were located in the 905 area.

“More transit options and hybrid work schedules have made relocation to the city’s outlying areas even more attractive,” says Alexander. “Firsttime buyers are feeling the squeeze, but are still determined to become homeowners, with many happily

top 10 gta single-DetaCheD Markets BY priCe groWth Market

2021

2020

%

Uxbridge

$1.365M

$933,368

Scugog

$986,878

$685,828

43.9

$2.18

$1.55M

40.2

$1.26M

$903,186

39.9

King Pickering

46.4

Brock

$773,061

$552,711

39.9

Clarington

$930,520

$665,516

39.8

Oshawa

$855,067

$611,872

39.8

Caledon

$1.55M

$1.11M

39.2

E. Gwillimbury

$1.30M

$957,243

36.0

Whitby

$1.08M

$797,435

35.6

C13*

$2.25M

$1.67M

34.7

Milton Georgina Whitchurch-Stouffville

$1.31M

$979,646

34.2

$861,902

$643,112

34.0

$1.47M

$1.11M

32.0

*C13: BanBury-Don Mills, ViCtoria Village, ParkwooDs-DonalDa sourCe: 2021 reMax gta Hot PoCket CoMMunities rePort; January to June

20 condolife magazine | Aug. 28–Sept. 25, 2021

ADVICE | STAT CHAT

MORE HOUSING WE REALLY NEED IT IN THE GTA

BEN MYERS The pandemic has been a trying time for everyone, and certainly when the lockdowns started in 2020, I thought the real estate market was going to tank. Canada Mortgage and Housing Corp. (CMHC) did, too, calling for a drop in national resale pricing of up to 18 per cent.

Next was the dreaded deferral cliff, where unemployed and furloughed employees mortgage deferrals would expire, sending thousands of homes on the market.

Neither the double-digit price corrections nor the thousands of distressed listings occurred, and pricing actually increased quite substantially; low interest rates and changing preferences due to the work-from-home phenomenon sent people into a buying frenzy.

People left the rental market to buy, reducing rental demand, but juicing ownership demand.

Data from rentals.ca shows rental rates are now trending back up, too, especially in the downtown cores of Vancouver and Toronto.

We can continue to push these demand measures that are politically popular, such as vacant home taxes, foreign buyer taxes, speculation taxes, rent control, Airbnb bans and many others, but what we need is more houses.

Lots of houses. If people were hungry, the best solution would be to cook more food, instead of trying to split the existing food more fairly, or tax overeaters.

One of the biggest reasons we don’t have more houses is

municipal planning and the Not in My Backyard (NIMBY) people who oppose all development.

People scared of change and trying to protect their property values have done major damage to housing affordability in the GTA. On our podcast, Toronto Under Construction, we have talked to developer guests about some of the poorly done retail by some developers, and the fact that there would be much more support for new condominiums and rental apartments if more care was taken as it relates to how a building meets the street.

If developers created smaller retail and leased it out quickly to retailers other than big banks and international coffee shops, the blowback would not be as intense.

We talked to Toronto councillor Brad Bradford of Beaches East-York on the Toronto Under Construction podcast. Bradford is a member of the Planning and Housing Committee and a former planner.

To combat the problem of boarded up and empty stores, Bradford would like to see the City of Toronto implement a vacant retail/storefront tax: “We have a lot of investors and speculation on main streets, and properties that sit vacant for decades. And that is a blight on the neighbourhood. It’s not good for the residents, or the other businesses, so the idea of the vacant storefront tax is challenging and has its pros and cons, but San Francisco is moving forward with it, and has seen positive results in an increase in tenancy. We are certainly not trying to penalize ‘mom and pops,’ but really go after properties that are vacant and have absentee landlords.”

Bradford is also pushing for different zoning beyond traditional retail, to allow for live/work spaces for young entrepreneurs who typically can’t afford to rent both.

This also loops back to housing, as higher densities and more people can support these retail shops and keep the businesses financially viable.

My podcast co-host Steve Cameron says, “The only way to support proper retail that is going to succeed long term is to have more residents shopping, eating, dining, etc. It seems like the solution is so simple to me. We need more density.”

During the podcast with Bradford and others, there are always discussions around the need for more midrise building, and the expansion of “Missing Middle” initiatives to allow for small apartments, duplexes, laneway suites and garden homes in Toronto’s single-family neighbourhoods. More homes of all types are needed, and adding houses leads to more vibrant streets and a better city for everyone.

Don’t buy into the “we have enough housing already” narrative on social media. Proponents of that belief don’t have the data or the understanding of the issues facing the development industry.

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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nexthome.ca | myhomepage.ca 21

#InsidetheGTA GTA

VERGE CONDOS

RENDERING: NORM LI

by SUSAN LEGGE

‘untitled Toronto’ begins construction at Yonge and Eglinton

22 condolife magazine | Aug. 28–Sept. 25, 2021

Reserve Properties and Westdale Properties just celebrated the start of construction at “untitled Toronto” at Yonge Street and Eglinton Avenue East – a muchanticipated collaboration with Pharrell Williams. untitled will feature 751 units split between a two-tower residential development, with a shared podium.

Williams is a Grammy Award-winning singer/songwriter and entrepreneur who launched ventures such as The Goodtime Hotel, which recently opened in Miami.

The collaboration with Reserve and Westdale marks his first experience with a multi-residential project, something the development team purposefully sought out when they first approached the artist.

Suite sizes range from studios to three-bedrooms.

Check out the website for availability. untitledtoronto.com

PHOTO: GEOFF FITZGERALD

Located at the southwest corner of Islington Avenue and The Queensway, RioCan Living’s mixed-use Verge Condos reimagines parts of what was a sprawling parking lot into 545 new residences split between two buildings – 11 and 17 storeys, respectively– and will include more than 30,000 sq. ft. of retail space, a new public park and a new service road on the south side of the property. See page 24 for full story. vergecondos.com

Eye-catching townhomes in Regent Park are eco-friendly Spotted these stylish townhomes in Regent Park in downtown Toronto earlier this month.

The townhomes are built by The Daniels Corporation, and according to the company’s Instagram account,

there’s a fully furnished model home to tour by appointment only.

Field House offers features such as rooftop solar panels, high-efficiency heat pumps and triple-glazed windows. fieldhousetowns.com

Concord’s new garden pop-up is an Hermès-inspired oasis

Concord just announced details regarding its Secret Garden, an urban oasis located in the heart of Toronto and in celebration of Concord Canada House, a two-tower, 79-storey residential condominium, and the newest addition to Toronto’s skyline.

A nod to the Hermès rooftop garden “Un Jardin sur le Toit” in Paris, the Secret Garden pop-up is located at the downtown Toronto Concord presentation centre and is an illustration of Concord Canada

House’s signature indoor/outdoor living space. Showcasing certain fittings specific to the new build, the pop-up is designed to serve as an inspiration to purchasers and an example of what they might achieve in their space, with the cosmopolitan city of Toronto at their fingertips.

Guests of the appointment-only Secret Garden will enjoy immersive design and culinary offerings from the best in the city, and lush floral accents, which add an oasis effect. concordcanadahouse.ca

Jeanhy Shim and PMA Brethour Group launch new division Jeanhy Shim and PMA Brethour Realty Group, one of Canada’s leading new home and condominium sales, marketing and research firms, announced the launch of PMA360 earlier this month.

Shim has been working in the real estate development industry in the GTA and southern Ontario since 1992, providing a wide range of services to developers and financial institutions, including land due diligence, strategic master-planning and placemaking, market research and feasibility analysis, product design and development, community engagement, and project launch, marketing and sales.

The new consulting firm is focused on addressing the unique challenges and opportunities for developers building smaller, midrise condominiums in established neighbourhoods, catering primarily to a broader range of end-user consumers from a diverse demographic. pma360.ca nexthome.ca | myhomepage.ca 23

COVER STORY

VERGE CONDOMINIUMS RIOCAN LIVING LAUNCHES SMART, MIXED-USE RESIDENTIAL PROJECT ON THE QUEENSWAY Verge Condominiums leverages market-leading data to identify postpandemic needs, including a videoready Content Studio and creative work from home spaces.

RioCan Living continues to expand its residential portfolio, with the launch of Verge in Etobicoke. Conveniently located at the southwest corner of Islington Avenue and The Queensway, the new mixed-use residential condominium community reimagines parts of a sprawling parking lot into 545 new residences split between two buildings. The two mixed-use buildings will be 11 and 17 storeys, respectively, and will include more 24 condolife magazine | Aug. 28–Sept. 25, 2021

than 30,000 sq. ft. of retail space, a new public park, and a new service road on the south side of the property.

“With Verge, the RioCan Living team continues to deliver on the principals that inform each of our residential developments, including contextual design in connected locations, best in class communal amenities that cater to future residents, and easy access to major commuter routes,” says RioCan Living’s assistant vice-president, Kalliopi Karkas.

“Verge is nearly equal distance to downtown Toronto and downtown Mississauga, offering incredible access to two of Canada’s largest

cities. It’s also a 15-minute drive to Pearson Airport and offers a range of amenity spaces that were informed by our extensive market research.”

In an effort to optimize future amenity uses, RioCan Living leveraged extensive portfolio data, as well as additional research to tailor and optimize interior spaces for future residents. This research led to a focus on smart living, wellness and creative work from home spaces, including home offices, meeting rooms, soundproof phone booths and a fully-equipped, video-ready content studio with pull-down backdrops and green screens, as well as an audio-

recording studio for podcasts and other presentations.

RioCan Living tapped awardwinning international design studio DesignAgency to craft the interiors based on the research provided.

With extensive experience in local and international hospitality spaces, including The St. Regis Toronto, Momofuku Toronto and The Dalmar Fort Lauderdale, DesignAgency sought to draw inspiration from the design strategies cultivated for boutique hotels and notable restaurants into the interiors of Verge.

“As creators and designers, our surroundings are a key source of inspiration,” says Anwar Mekhayech, founding partner, DesignAgency.

“We wanted to acknowledge how important our homes have become over the last year by bringing unique moments and distinct character to each area of Verge.”

“Wellness remains incredibly important in providing moments of respite, but we also need to support and design to how our work-life

nexthome.ca | myhomepage.ca 25

habits are evolving,” Mekhayech adds.

“The Co-Working Space and Content Studio at Verge are a practical response to the increased importance of capturing video and audio, and a reflection of new, hybrid work models. And they can easily double as a space for creating fun, social content or having fun with friends. It’s about flexibility and inspiration.”

The materials, textures and patterns used throughout the development are a play on being “On The Verge,” with DesignAgency constantly playing with the relationship between two elements: Light and shadow, dynamic yet refined, calming yet energizing, bold yet welcoming. Warm wood tones and a modern colour palette are used throughout the amenities and suites. The comprehensive amenity offering also includes a fitness centre, yoga/meditation studio, pet spa, party room, cocktail lounge and an expansive outdoor terrace with barbecues, chess and shuffleboard games, and an outdoor lounge offering south-facing views.

During the design of the project, 26 condolife magazine | Aug. 28–Sept. 25, 2021

local award-winning architecture firm Turner Fleischer was inspired by the eclectic and existing nature of The Queensway, where residential and commercial activities seamlessly mix into polyhedric architectural expressions.

Verge aims to create a balance between exquisitely crafted volumes and the duplicity of the façade design.

Dynamic as the nature of the street and its mixed-use destinations, the building mass and their architectural expression are organized as a series of stacked individual volumes with façades that dynamically respond to their immediate surroundings.

“Verge aims to transform The Queensway-Islington corner through strong design principles,” says Raza Mehdi, associate at Turner Fleischer.

“While two separate buildings, our goal was to establish a rhythm and create a dialogue between the developments to add a striking visual dimension for residents and users to enjoy. With a new park separating the two buildings and retail uses at grade, the focus was to inject an animated

streetscape along this segment of The Queensway.”

RioCan REIT launched RioCan Living in 2018 as the company’s official entry into the residential market. The RioCan Living portfolio has grown to more than 2,000 units in seven completed rental residential and condominium developments, including marquee Toronto-based condominium projects Kingly Condos and eCondos. Other notable condominium developments either on sale or under construction include Queen & Ashbridge, U.C. Towers and 11YV. The latter received the Gold Award for Best Multi-Family Community of the Year by the National Association of Home Builders in 2020. Verge marks the latest RioCan Living launch and the first independent condo launch under the RioCan Living banner.

The two-phased community launched this summer, and features 545 residential suites ranging from 430 to 1,060 sq. ft. To register and for further information, visit the website. vergecondos.com

A TREE FOR EVERY HERO.

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

Get involved today:

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

ADVICE | HOME REALTY

DOWN IN SIZE UP IN LUXURY AND CONVENIENCE

DEBBIE COSIC

There’s nothing like getting older to make you realize what you value in life. And one thing the pandemic has taught all of us is how critical “home” is to our quality of life. Many empty-nesters and seniors talk about “moving down,” when in fact they simply mean moving into a more compact residence. I don’t think of it as “down,” because in many ways, these homebuyers move “up” in luxury – and more importantly, in convenience and quality of life.

The benefits of moving to a smaller home or condominium suite are many and varied. Let’s start with what happens beforehand – namely, decluttering. Buyers talk about how freeing it is to give away, throw away or pass down possessions they no longer need or necessarily even want.

They know what will fit into their new spaces, and they appreciate how large an uncluttered room looks compared to one that’s full of stuff.

They have reached a point in life at which they want to make the most of their surroundings without continually adding items to them.

Then there’s the benefit of less maintenance than it takes to keep up a large lowrise home. A lot of seniors opt for small one-storey bungalows with just enough yard to have a garden. Sometimes, these homes include a condominium component for exterior maintenance and snowplowing. It’s nice to hand over those duties to someone else.

Of course, the epitome of convenience is the condominium

28 condolife magazine | Aug. 28–Sept. 25, 2021

Voya

suite. Purchasers coming from large lowrise homes understand the value they get for the maintenance fees they pay – namely, outsourced tasks such as mowing the lawn and plowing snow. Others are anxious to enjoy life more without having to sweat those outdoor chores.

Avid travelers also appreciate the luxury of being able to lock the door and leave, knowing their home will be looked after and protected by security features including the eyeson-the-street of the concierge.

These buyers are typically in two distinct groups. First, there are those moving from a more than 3,000-sq.-ft. home to something like a 1,000-sq.-ft. condo, and then using remaining equity from their large home sale to buy a time-share in Florida or a cottage in Muskoka. The second group is more interested in moving up to more luxury. They tend to stay where they are and purchase a pied-à-terre as their retirement home someday. It may be smaller

than what they have now, but you can bet it will be gorgeous.

Whatever your decision, if you buy new, you get the most advanced construction materials and techniques, energy-efficient features and warranty protection. Today’s suite designs are so well planned that they “live” a lot larger than their square footage numbers.

Life is short. When it comes to real estate, buy the best you can at any time. If you are thinking of moving to a more compact residential option, go for it. Spend the rest of your life in comfort and beauty.

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

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Advice | personAl finAnce

HOW TO PREPARE FOr a HOT FALL MARKET

jesse abrams

It’s safe to say that the housing market has experienced a lot this year. From record low mortgage rates and a limited supply of homes for sale, to material shortages and construction delays, you’re probably wondering whether now is the right time to buy a home.

Many pre-construction developments made the decision to hold off on launching until this fall season, due to lockdowns and COVID-19 restrictions. As a result, the housing market is likely to experience a demand for both resale and new builds in the coming months, as restrictions have eased and buyers are eager to purchase – especially with kids going back to school in September. If you’re planning to make a move this fall, here are some ways you can better prepare for this purchase and feel confident in your homebuying decision. determine your AffordAbility by getting pre-Approved for A mortgAge

A mortgage pre-approval is one of the best ways to fully understand your home affordability. It can also save you plenty of time and stress during your home search. By knowing what you can afford, it allows you to shop for homes that are specifically within your budget and meet all of your needs. Mortgage pre-approval can also give you more negotiating power during a resale bidding war, where multiple offers are made on the same

property – something that’s very common in a hot market. It highlights your financial stability and credibility as a buyer, and shows that you have real interest in making a deal. Whether you’re buying your first home or moving up, pre-approval is a must.

Assess your expenses And creAte A heAlthy budget

When buyers see that there is a lot of competition for a particular home, it’s common for them to want to put in a higher offer in hopes that they will get it. However, this offer may end up being higher than you initially budgeted for. Before making this mistake, we recommend fully understanding your financial situation and considering whether making a higher bid is something you can afford to do. Start by breaking down your monthly expenses to determine if you can afford your mortgage payments, along with your closing costs and monthly carrying costs.

These expenses are often overlooked by some homebuyers; however, they make a huge difference in your budget in the short and long run. consider down pAyment options And how you cAn get help

It isn’t always easy to come up with a down payment, especially when prices are rising like they are now.

Fortunately for first-time buyers, there are many programs available that can help you gather the funds to make a down payment and counter some of the costs associated with buying a home. These include the First-Time Home Buyers Incentive Program, Home Buyers’ Plan and Land Transfer Tax Rebate. Buyers can also consider having a parent or

“

A mortgage preapproval is one of the best ways to fully understand your home affordability.

”

family member act as a co-signer on their mortgage to help with their application. A co-signer is someone who applies for a mortgage loan with you and legally agrees to take liability on the mortgage and pay off the debt if you can no longer make payments. Essentially, they fill in the gaps on your mortgage application by providing a strong credit score and a stable source of income to qualify.

With the fall season approaching and a hot housing market expected to continue, it’s important for homebuyers to take the necessary steps to properly prepare and enter the market. Despite rising prices and competition, there are still plenty of opportunities for buyers to enter the market and find a home that they can afford. A great first step would be to connect with an expert mortgage advisor such as those on our team at Homewise, who can walk you through the process of finding a mortgage that checks all of your boxes.

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 29

NEIghbOuRhOOD WATCh

VAUGHAN ON THE MOVE – IN MORE WAYS THAN ONE

by WAYNE KARL

If you understand that proximity to highway and transit infrastructure is one of the most important influences on real estate, then you know why Vaughan is enjoying a resurgence.

Indeed, Vaughan is a city on the move – quite literally, and in more ways than one. Located north of Toronto in York Region, Vaughan has long been one of the fastest growing municipalities in Canada, with a population now exceeding 306,000.

Comprising the communities of Woodbridge, Maple, Thornhill, Concord and Kleinburg, each with their own 30 condolife magazine | Aug. 28–Sept. 25, 2021

characteristics and enjoying their own growth, Vaughan is a hub of development and activity. Once known as the city above Toronto, it’s now “the place to be.” And with good reason.

VAughAN METROPOLITAN CENTRE

With Hwys. 400 and 407 right there, and Hwy. 7 also running through town, transportation and transit have long been essential features in Vaughan. Now they’re central to its future, with the new Vaughan Metropolitan Centre rapid transit station, the north terminus of the

western section of the Toronto subway’s Line 1. It is also a major transit hub for York Region Transit and the Viva and Zum bus rapid transit services.

Economic growth is occurring in lockstep. Vaughan is now the third largest employment centre in the GTA after Toronto and Mississauga, and the largest contributor to York Region’s economy.

Manufacturing is the star economic performer here, accounting for 22 per cent of total employment, followed by construction, retail and wholesale trade, and transportation and warehousing. United Parcel Service, in fact, operates a signature shipping warehouse near Jane and Steeles.

In the near future, you can add healthcare to the mix of economic and lifestyle benefits, as the City has entered into a first-of-its-kind partnership with Mackenzie Health, York University and ventureLAB. The City is leading the collaboration to transform an 82acre parcel of land at Jane Street and Major Mackenzie Drive into the Vaughan Healthcare Centre Precinct.

Vaughan, York University, Mackenzie Health and ventureLAB are to study the best use of lands surrounding the site of the Cortellucci Vaughan Hospital. The hospital opened in February 2021.

The goal of the collaboration is for the Vaughan Healthcare Centre Precinct to leverage resources to bring healthcare, innovation and jobs to this growing community. hIghRISE LIVINg

Though Vaughan is noteworthy for expansive single-detached homes and large lots in communities such as Concord, Kleinburg, Maple, Thornhill and Woodbridge, recent condo development around new transit infrastructure has really put the city on the highrise map.

The centrepiece of it all is Vaughan Metropolitan Centre. Several condo projects have sprouted up around the major intersection of Jane and Hwy. 7. Solmar Development, for example, has Park Avenue Place 1 and 2 at Jane and Rutherford Road. And a partnership between Townwood Homes, Guglietti Brothers Investments Ltd. and Rosehaven Homes recently announced Vincent Condominiums, opening later this summer at Jane and Hwy. 7.

Once you’ve bought a home in Vaughan, Improve Canada will help you furnish and operate it. Located in Concord and more commonly known as the Vaughan Home Improvement Centre, the complex is a unique offering of about 400 home improvement stores.

+

LOCATION, LOCATION, LOCATION Located in the Regional Municipality of York; bounded

by Brampton to the west, King to the north, Markham and Richmond Hill to the east and Toronto to the south; more than 273 sq. kms; population 306,233; includes the communities of Concord, Kleinburg, Maple, Thornhill and Woodbridge.

KEY LANDMARKS • Canada’s Wonderland • Kortright Centre for Conservation • McMichael Canadian Art Collection • Reptilia Zoo • Vaughan Home Improvement Centre • Vaughan Metropolitan Centre • Vaughan Mills SELECT CONDO DEVELOPMENTS Festival

By Menkes menkes.com Park Avenue Place

By Solmar Development Corp. solmar.ca Rose Hill Condos

By Capital North Communities therosehillcondos.com SXSW Condos

By Primont Homes primonthomes.com The Vincent

By Townwood Homes, Guglietti Brothers Investments Ltd. and Rosehaven Homes thevincent.ca

Retail frontage at Festival Condominiums, by Menkes

nexthome.ca | myhomepage.ca 31

IN CONVERSATION WITH...

JUSTIN FEDERBUSH VICE-PRESIDENT, MARKETING & OPERATIONS DIAMANTE DEVELOPMENT CORP.

BY WAYNE KARL For new home development projects – particularly condominiums – location is everything. It is, after all, at the root of the number one rule of thumb in real estate – doubly so in these pandemic days when buyers are ever-more demanding.

For Diamante Development Corp., things don’t get much better than the location of its two most recent project: Mirabella, in a prized lakeside locale in the west end; and The Diamond, in North York’s city centre.

We caught up with Justin Federbush, vice-president of marketing and operations, to learn more about these signature projects and other topics.

Let’s start with an easy one…

How’s business these days? For many developers, 2020 turned out to be a strong year, despite the challenges of COVID, and 2021 looks like more of the same.

Despite the challenges of COVID-19, business has been strong. For our 32 condolife magazine | Aug. 28–Sept. 25, 2021

Diamond project, we are nearing the final stages of construction and are looking forward to welcoming residents to the building when we begin occupancies in September.

For our Mirabella project, we have seen an increase in sales activity since the end of 2020, and that has been consistent throughout 2021. We are also delighted to watch construction unfold, as we move towards our targeted occupancy next spring.

What is Diamante doing differently these days, as a result of COVID? There is no question that COVID-19 has caused everyone in the development industry to reconsider the design of buildings and how we can improve health, wellness and enjoyment through it. Mirabella is targeting LEED Gold certification, and we have achieved the Tier 2 level of the Toronto Green Standards Version 2. Through these initiatives, we implemented ERVs in all suites

for better indoor air quality, and increased indoor and outdoor amenity space to provide amenities for the whole family to work and play.

This includes a designated children’s play area, a quiet library, business centre and two large outdoor terraces. In response to COVID-19 directly, we implemented touch-free door sensors.

What did you learn about prospective buyers? How have their needs and wants changed through the pandemic…?

The challenges of COVID-19 have resulted in many businesses requiring or allowing their employees to work from home so, now more than ever, people are spending more time within their home. Buyers are less needing to choose a home that is close to their workplace and look more for homes that are larger and more comfortable to live in and located in neighbourhoods that are more desirable to them.

We have always designed our suites with the end-user in mind, so at Mirabella, all of our suites have larger proportions, with layouts that have been designed for livability.

For example, we are proud of our WMSS-W/EMSS-W layouts, at 764 sq. ft., which provide homeowners with two well-sized bedrooms, two threepiece bathrooms, a den, full-sized living and dining areas, more than 17 linear ft. of closet space, and a large balcony with views of Lake Ontario.

We have always sought out extraordinary locations before others see the value, and Mirabella is a prime example of that. Homeowners at Mirabella will be beside some of the most beautiful natural environments in Toronto, while also being a short drive away from Downtown Toronto, Etobicoke and Mississauga.

What can you tell us about Mirabella?

Mirabella is a 38-storey building, comprising two stunning towers on an elegant podium. Located at the corner of Windermere and Lake Shore Blvd. W., Mirabella is nestled right in between High Park and Lake Ontario in one of the most natural settings in Toronto.

Mirabella is well under construction, with occupancy slated for spring 2022, and we are excited to now be selling our final release of

suites. Within our final release, we have an amazing selection of onebedroom plus den, two-bedroom and two-bedroom plus den suites from 550 to 1,539 sq. ft, with prices starting in the low $700,000s.

What distinguishes this project from other new condos in the area?

While there are other new condo projects that provide residents with waterfront views, Mirabella stands out from the competition by not only providing its suites and amenities with luxurious irreplaceable views of both Lake Ontario, but also equally gorgeous views of High Park.

Mirabella also features a timeless and classic architectural design, with its precast concrete cladding which allows it to stand apart from the glass towers in the area.

We are providing suites that are spacious and designed for end-users to enjoy living in them, and we are providing more than 10,000 sq. ft. of indoor amenities spaces (exclusive to each tower), and more than 20,000 sq. ft. of outdoor amenity spaces, which is well beyond what is required by the City of Toronto.

What distinguishes Diamante from other condo developers in the market?

Diamante provides unparalleled value to clients, and Mirabella is no

exception. Constant research and review have been conducted on every aspect of our projects to ensure the best homeowner experience. The Diamante hallmark has always been superior building quality, unique living spaces and extraordinary value.

We always look for prime city locations that are rare and valuable.

One Balmoral brought elegance and substance to a section of Yonge that was underestimated, and subsequently helped increase the values on Farnham and Balmoral west of Yonge. The Florian in Yorkville was our latest constructed project, and is one of Toronto’s most soughtafter luxury buildings. Diamante also focuses on respecting the neighbourhoods that we develop in and their history. Phoebe on Queen includes architectural elements from the historical brick styles of the neighbourhood, while also paying homage to the area, such as through the rare half-acre internal private park at Beverley and Queen.

Beyond these projects, what’s next for Diamante?

We are developing a project at 5300 Yonge St., just south of Yonge and Finch, that we hope to launch next year. We are excited to share details of this new project within the coming months. diamantedevelopment.com

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

While the pandemic has been challenging, it has been an opportunity to appreciate the positive things in life and the things we sometimes take for granted. Being away from family and friends for such long periods of time was difficult, so I am happy to see the province slowly open up and afford the opportunity to see them more often. It has also been a pleasure to have more time in the kitchen to develop my cooking skills. I think I’ve perfected my carbonara recipe!

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

My mother passed away when I was young, and she has always been my greatest inspiration. She was the one to shape who I am today. Everything I do has been in her memory to make her proud.

What’s on your watch lists these days?

Ted Lasso has become a household favourite of mine, as it is the most wholesome and comforting show I have ever seen. It honestly could not have come at a better time. I highly recommend it for anyone looking for a smile and a laugh.

nexthome.ca | myhomepage.ca 33

ADVICE | LEGALLY SPEAKING

DEATHLY DOWN PAYMENT WHY YOU NEED A WILL TO HELP YOUR KIDS BUY THEIR FIRST HOME

JAYSON SCHWARZ, LLM & JACQUELINE MONETA, JD

With GTA real estate holding steady at sky high prices, Millennials are left scratching their heads trying to find a way into the housing market. With the average resale price in Toronto more than $1 million, more young adults are turning to their families for help. But what does this mean for the Baby Boomers willing to shell out for their kids?

GIFTING YOUR CHILD A DOWN PAYMENT

When you gift your child a down payment, it can commonly be either an outright gift, or you may have to go on title to the property to secure the mortgage.

If the funds are an outright gift and you have other beneficiaries to consider, you need a Will. A down payment is a large gift, and you want to ensure that the other beneficiaries of your estate, your other children, as an example, are not disadvantaged.

Your Will can be a powerful tool to equalize payments made to children during your life. Planning ahead is essential to anticipating and mitigating issues that may arise down the road. There is nothing worse than a family splitting up and fighting over money after a death.

Alternatively, the bank might request that you take a percentage of the ownership of the property.

34 condolife magazine | Aug. 28–Sept. 25, 2021

Typically, this would be as tenants in common with your child, to secure the mortgage. You would minimize the size of your share, even though you are on the hook for the whole mortgage, and in your Will, you would leave your share to your child.

This way, you would use your Will as a means of assisting this child, while at the same time taking care of your other children or chosen beneficiaries, in a fashion to properly reflect an equitable outcome, or as you may otherwise require.

It is critical to plan for, and be clear on, what happens to the property if you or your child die. Whether it’s an investment or principal residence, property almost always forms the largest part of an estate.

If you don’t have a Will, upon death, that percentage of ownership will pass in accordance with law and either your spouse, children, parents or siblings could end up as the child’s partner in the child’s home; generally not a good result.

You also need to consider what would happen if your child dies first. If the child has a Will, he or she can designate what happens to the property – how it passes, who is responsible for maintenance, the mortgage payments, hydro, water and gas. Without a Will, it can all be a huge mess, as the matter trundles through the administration process, pending the appointment of an Administrator of their Estate. Real life can get complicated quickly.

While the housing market is steady, and your kids may be calling for help, don’t let this stress you out. Setting

up a Will is a simple and effective way to plan for the future, and account for the past. We can ensure that you know exactly what is going to happen to your property no matter what life throws at you.

Remember, it is critically important that you have your Will completed with Powers of Attorney – before closing. Please, don’t leave your family with a problem.

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

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BUILDER PROFILE | NIAGARA

LUSSO URBAN TOWNS NIAGARA’S NEWEST HIP COMMUNITY FROM LUCCHETTA HOMES Lucchetta Homes has designed a chic, contemporary collection of urban townhomes conveniently located within the city of St. Catharines.

Welcome to Lusso Urban Towns, a distinctive enclave destined to become a one-of-kind “signature community” found in the heart of Niagara.

The Lucchetta family continues its tradition of building finely crafted homes and award-winning communities throughout the Niagara Region since 1960. Lucchetta Homes is relentless in its pursuit of “legendary luxury,” a standard the company insists upon for each and every home it builds. Lusso will continue that tradition.

“Our passion is evident in each beautifully designed home with stunning quality features, in awardwinning developments,” say Robert and Ed Lucchetta. “At Lucchetta, we not only build exceptional homes, but foundations to ‘Live Your Best Life.’”

Living at Lusso means you have everything right at your doorstep.

Conveniently located with easy access to the QEW and Hwy. 406, these beautiful homes are near all amenities, including schools, Brock University, Niagara College, churches and sports facilities. Within 36 condolife magazine | Aug. 28–Sept. 25, 2021

minutes of your front door, you will find a complete array of shops, entertainment, services, restaurants, the regional hospital, scenic parks, world-class wineries, spectacular golf courses, and our very own wonder of the world, Niagara Falls, is a just short drive away.

Lusso is one hour from Toronto and the Buffalo International Airport is just 50 minutes away. Scenic areas such as the shores of Lake Erie in the south and historic Niagaraon-the-Lake to the north are also close by.

This outstanding collection of exceptional two-storey, threebedroom homes range in size from 1,817 to 2,252 sq. ft. Lusso’s inspiring exteriors include luxurious

stone, modern brick and stucco.

Finely finished open-concept interiors are spacious, well-designed and bright. Prices start at $899,900 up to $1.03 million.

Construction is well underway, and homes will sell fast, so don’t be disappointed. Visit the sales centre, located on-site at 24 Grapeview Dr. in St. Catharines. Open every Saturday and Sunday afternoon, prospective buyers are asked to visit by appointment only at this time. For further information or to make your personal appointment, phone, text or email Paul Snack. 416.605.3885.

Details can be found on the website. lussosales@lucchettahomes.com lucchettahomes.com/lusso

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BUILDER PROFILE | HUMBER BAY SHORES

MIRABELLA DIAMANTE HAS CREATED A STUNNING PAIR OF TOWERS BROUGHT TOGETHER BY AN ELEGANT PODIUM Nestled within an area featuring beautiful public parks and pathways, Humber Bay Shores Park, the Waterfront Trail and High Park, to name a few, and facing the expanse of Lake Ontario, Mirabella Luxury Condominiums combines urban living within one of the most natural settings in Toronto.

Standing at 38 storeys, Mirabella – comprising a pair of stunning towers brought together by an elegant classically inspired podium – offers luxury living on the lakeshore, with awe-inspiring views of Lake Ontario and High Park.

Clad in high-quality precast concrete panels and glazing, the architecture is reminiscent of grand classical buildings near Central Park in New York and takes cues from the legacy of Toronto’s waterfront exhibition architecture.

38 condolife magazine | Aug. 28–Sept. 25, 2021

“For Mirabella, we brought together a remarkable team to design a building that was timeless and enduring, rich in texture and environmentally conscious,” says Justin Federbush, vice-president of marketing and operations at Diamante Urban Corp.

The 38-storey building is well under construction and has already become a beautiful addition to the Humber Bay Shores skyline. To the North, Mirabella will soon showcase a large Public Art installation, which will be seen by more than 100,000 people a day. Motion in Air (Ma) is a stunning piece of public art by Canadian Artist Jennifer Macklem, and provides a striking depiction of Toronto’s ecology. It is a gateway project aimed at sparking curiosity about specific details of the natural world, and is inspired by the concept

of Environmental Optimism. The artwork images will be printed directly on high-quality and recyclable aluminum panels that also act as an exterior material to the North facade of Mirabella’s podium.

Mirabella further demonstrates Diamante’s commitment to the environment by being registered under the LEED Green building rating system, with a goal of LEED Gold certification. In addition, Mirabella has achieved the voluntary Tier 2 level of the Toronto Green Standards V2, which is well beyond what is required by the City.

“Our focus on sustainable features is important to us and the environment,” says Federbush. “Our initiatives not only reduce our overall footprint but also help promote health and wellness for residents.

Homeowners can enjoy expansive

outdoor spaces with beautiful trees and greenery, improved indoor air quality, touchless door openers, electric car charging stations, on-site bike share and more.”

Mirabella is a parkland sanctuary that is minutes from everywhere, providing a lifestyle for those looking for urban living away from the congestion of downtown Toronto.

Residents are a short walk away from the verdant High Park as well as the Sunnyside Boardwalk, which offer a multitude of different activities.

With many local neighbourhoods nearby, including Bloor West Village, Roncesvalles Village, and High ParkSwansea, homeowners have close access to an exceptional variety of shops, food stores and restaurants.

Currently selling its final release of suites, Mirabella is offering a number of suite types, including onebedroom plus den, two-bedrooms and two-bedrooms plus den suites, ranging in size from 550 to more than 1,500 sq. ft. All suites include high-quality features and finishes with layouts that have been meticulously and intelligently designed for spacious, comfortable living. Dining areas flow seamlessly with living spaces, and the suites are equipped

with sleek and efficient kitchens layouts with premium countertops and stainless-steel appliances. All suites have nine-ft. ceilings, except for the penthouses, which have 10-ft. ceilings, and most suites have six-ft.wide balconies with expansive views of either the Lake or the Park.

The suites not only showcase Diamante’s attention to detail and quality but are also up to 20 per cent larger than the average downtown urban condo, providing residents with additional space to live, work and play.

“Being right on the Lake Shore between High Park and Lake Ontario, we are fortunate to have a site that is surrounded by such a beautiful natural landscape,” adds Federbush.

“With Sunnyside Pavilion right at our doorstep, there is nothing that can block our south waterfront views, and most views to the north are also clear. In addition, suites do not start until the twelfth floor, so almost every suite available provides residents with awe-inspiring views of Lake Ontario or High Park.”

With 20,000 sq. ft. of indoor amenities (10,000 sq. ft. exclusive to each tower), and almost 18,000 sq. ft. of shared outdoor amenities, Mirabella delivers beyond what is

required for indoor and outdoor amenity spaces by the City of Toronto. Each tower has its own exclusive array of social, wellness and recreational indoor amenities, including an indoor pool, saunas, a fully-furnished party room with a full kitchen and dining room, a fitness centre, library, yoga studio, business centre and a children’s play area. Most of these amenities either have a clear view of the lake or the park. There are also two fully-furnished guest suites per building, 24-hour concierge service, and a dog wash room at ground level.

Additionally, residents can relax and experience a serene oasis overlooking the lake and park through Mirabella’s two outdoor terraces, which are framed by lush greenery and feature comfortable lounge seating, outdoor dining areas, barbecues and a water feature.

Suites are currently priced from the low $700,000s, with occupancy slated for spring 2022.

For further information or to register, call or visit the website. mirabellacondos.ca 416.961.8008 info@mirabellacondos.ca

nexthome.ca | myhomepage.ca 39

BUILDER PROFILE | GTA

THE PREMIER COLLECTION LIFESTYLE EXPERIENCE WHITE GLOVE SERVICE AND UNPARALLELED PERSONALIZATION OPPORTUNITIES AT TRIDEL’S PREMIER COLLECTION Your journey begins when you meet your Personal Brand Ambassador. You have a comprehensive consultation as they learn all they can about your one-of-a-kind style and how you envision your dream home.

The next stop on your journey is a meeting with a highly specialized team of design consultants. They assure you that every facet of your future home will be uniquely tailored to your vision.

This is just a taste of the white glove, highly personalized customer service that awaits Tridel Premier Collection purchasers. An immaculately curated selection of three of Tridel’s most sought-after communities, the Premier Collection has been described as the developer’s “finishing touch” at these already extraordinary communities.

40 condolife magazine | Aug. 28–Sept. 25, 2021

Available only at Royal Bayview in Thornhill, Aqualuna on the Toronto waterfront, and Tridel at The Well in downtown Toronto, the Premier Collection suites represent an unparalleled new homebuying experience from the industry leader in customer service.

“Purchasers will notice the difference as soon as they are introduced to the Premier Collection’s team of experts, beginning a process characterized by craftsmanship and white glove service that reaches a high level of personalized customer service for the industry,” says Samson Fung, vice-president of marketing at Tridel.

Because the home is meant to be an extension of the self, those who buy a Premier Collection suite are paired with a Personal Brand Ambassador who will assist them in navigating suite design, technology and upgrades. The design flourishes and accents found in a home often offer the best opportunities to showcase the distinctive style of the owner. That’s why the Personal Brand Ambassadors will help buyers make smart decisions about their luxurious suite, right down to the finest details.

To further elevate the meticulous approach, the expertise of a dedicated Design Consultant will be leveraged at every step of the way to ensure the future owner is well informed about functionality and aesthetic considerations.

This is just another chance for the buyer to express themselves through the suite design, highlighting their one-of-a-kind personality in every facet of their future home.

From drapery and tiles to plumbing fixtures and countertops, a high level of personalization is available from this award-winning team. If it can be imagined by the buyer, a design consultant will do everything in their power to bring that dream to life.

Three of Tridel’s most coveted communities, offer suites that are part of the Premier Collection, meaning the highly personalized lifestyle that the collection affords can be enjoyed within three wholly unique settings.

Those who crave the pace of big city life will want to turn their attention to Tridel at The Well, where they’ll have the best of the trendy King West neighbourhood at their doorstep. But even in the heart of

the city, Premier Collection suites afford an exceptional degree of privacy, allowing residents to seamlessly slide into the luxury and solitude of their suites while still experiencing the finest Toronto has to offer.

Perhaps you love the city, but a view of Lake Ontario’s tranquil waters just beyond your door is an enchanting thought. Perched on the Toronto waterfront, Aqualuna, presented by Hines Tridel may be a short walk to the downtown core, but its serene lake views and the vibrant public spaces, hidden beaches and revitalized parkland nearby imbue it with a different character entirely. This isn’t simply lakeside living. Here, suites in the Premier Collection deliver luxury by the water’s edge, with myriad entertainment options to satisfy your every desire, from shopping to theatre to fine dining.

North of the city, buyers who prefer the great outdoors and all the recreational options that it affords will find themselves drawn to Royal Bayview in Thornhill. Situated beside the prestigious and historic Ladies’ Golf Club of Toronto, Royal Bayview is the epitome of modern, luxurious design within an idyllic, natural setting.

Countless urban amenities are always close at hand, even as residents’ days will be happily spent wandering the community’s lush forests full of mature trees or following its pristine, meandering rivers.

In this stunning setting, residents will greatly appreciate the harmonious design approach that emphasizes the qualities of nostalgia, tranquility, elegance and timelessness.

“Each community is remarkable in its own way, so an expert from our Premier Collection sales team will be there from the beginning to guide buyers to the residence that best matches their desires,” says Fung.

The Premier Collection journey doesn’t end after the personalized design process and personal brand consultation.

“Once they have their keys in hand, owners will sleep comfortably in their new home knowing it’s been through Tridel’s award-winning inspection process. If a problem arises, our industry-leading warranty team is tasked with ensuring all issues are resolved with minimal disruption to the owner’s new life in a Premier Collection suite,” says Fung.

With more than eight decades of experience in homebuilding, Tridel perfectly captures its “Built for Life” philosophy with the Premier Collection. As the most-awarded developer when it comes to delivering exceptional customer care, Tridel’s decades-spanning tradition of excellence is on full display at the Premier Collection in its communities in downtown Toronto on the city’s majestic waterfront, and in historic Thornhill.

There’s no better time to begin your journey home.

Visit premiercollection.tridel.com to request a private consultation with a member of the Tridel Premier Collection team.

For further information visit tridel.com.

nexthome.ca | myhomepage.ca 41

ADVICE | ConDo pro

GTA SALES MOMENTUM BUILDING THROUGHOUT 2021

BARBARA lAwlOR

I was looking back on Altus Group statistics for the year so far, and Greater Toronto Area new home and condo sales are doing very well. It is remarkable how well the industry adapted to the “new normal” after COVID-19 entered our lives. There were naysayers (there always are) predicting the worst, but once again, we are proving them wrong.

January started out with lowrise home sales out-performing highrise.

Interestingly, the benchmark prices of both were up substantially. In February, total sales were strong again, nine per cent above the 10-year average, and benchmark prices for low- and highrise were up. Benchmark prices refer to those of typical homes in a specific area.

It is an estimate based on the type of home; hence, we have different benchmarks for low- and highrise.

Unlike an average price based on existing sales, benchmark is a prediction for an area.

Once March hit and new highrise condominiums were being launched, those sales skyrocketed, up 11 per cent over March 2020, and 42 per cent over the 10-year average. Sales of lowrise homes were up 75 per cent over March 2020, and 27 per cent above the 10-year average.

Benchmark prices for both were up once again.

In April, we saw the highest number of new condominiums sold since April 2000, up 69 per cent over the 10-year average. Benchmark prices across the board were up over the previous 12 months. Attainable

42 condolife magazine | Aug. 28–Sept. 25, 2021

Nahid on Kennedy Road

prices and enhanced convenience over lowrise homes continued to drive the desire for people to own condos. When May rolled around, there was a real momentum building for condominiums, with sales 10 per cent above the 10-year average.

Benchmark prices for both low- and highrise were above the previous 12 months – an ongoing trend.

June marked the halfway point for 2021. Total sales were 25 per cent above the 10-year average, with condominiums being 13 per cent above the 10-year average. As fast as new product was brought to the market, it was selling, so supply continued to be lacking in comparison to demand. And again, benchmark prices for low- and highrise were up over the previous 12 months.

So, you can see that we are on a roll here. You can also see that despite sales, prices for new homes and condos continue to rise. Toronto and the GTA remain extremely popular places for newcomers to settle in, so demand increases continually. The reintroduction of

immigrants is making that demand even more dramatic. Homeownership is the dream of most Canadians and would-be Canadians.

Economically, the new-home building industry contributes greatly, and home sales reflect the health of the region, province and country.

Every single year, the industry creates thousands of onsite and off-site jobs and contributes billions of dollars to the economy. I am proud of the professionals in our industry who found ways to keep things moving in the face of COVID-19. And as I often say when people ask for real estate advice, buy new and buy now.

Barbara Lawlor is CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing and sales of condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. baker-re.com

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ADVICE | WESTERN VIEW

UP, IN AND OUT GROWTH MEANS CHANGES IN HOUSING

MIKE COLLINS-WILLIAMS

The housing landscape across the Greater Golden Horseshoe is changing. This is due to incredible increases in population, which is expected to continue in the coming decades – from slightly more than 10 million residents today, to nearly 15 million by 2051. That is literally the equivalent of the entire population of Greater Montreal moving here over the next 30 years.

To provide sufficient housing for the sheer number of people we’re expecting, the cities and towns throughout this area need to grow up, in and out: • UP – with taller buildings around transit stations and on main streets • IN – with denser infill projects in existing neighbourhoods; and • OUT – with new suburban communities in Hamilton, Halton and York To be clear, our cities and towns need to increase housing supply through all three methods for growth to provide enough homes for our increasing population. The challenge will be to do all this and keep housing affordability as a top priority.

The forces that direct where housing is built and how dense it will be are a mix of market-demand and longterm growth planning.

UP

Cities and towns throughout the region are going to get taller, 44 condolife magazine | Aug. 28–Sept. 25, 2021

especially around major transit stations for both GO Transit and new LRT lines being built in Toronto, Mississauga, Hamilton and the recently completed LRT in Waterloo Region. These higher heights and densities are expected to support a move to living car-free, with more neighbourhoods featuring amenities within walking distance.

Main streets are also expected to see higher residential buildings, as planners encourage redevelopment, and some neighbourhoods evolve into 15-minute communities. These communities are intended to have a full range of amenities within a 15-minute walking distance.

IN

To accommodate our population growth, planners are expecting more residents to live a more urban lifestyle, which is reflected not only in taller buildings and more apartments, but also in smaller, more densely packed homes in existing neighbourhoods. The redevelopment of lots that currently have singlefamily homes to ones with multifamily homes can be done by rezoning some areas to allow for more “missing middle” housing.

This will range from singles that get renovated with added accessory suites, to semi-detached homes to townhouses. It’s this type of intensification that is going to require the biggest culture change within many communities.

OUT

The suburbs are not immune to market pressures. As anyone who has ventured to the edges of our urbanized area can tell you, suburban housing is increasingly compact,

and more and more predominately features a variety of housing types – singles, yes, but rowhomes, stacked and back-to-back townhomes are providing similar density in housing you would find in older communities built before the automobile.

Areas around new transit stations and along main streets are also going to see taller buildings. New suburban communities are still going to be critical to providing housing affordability, and providing many of the homes needed for our rapidly growing population.

PUTTING IT ALL TOGETHER

More people means more homes.

Moving forward, a growing proportion of the population will live in an urban setting, where the size of the average home is smaller and there are more multi-family buildings. The one thing that seems a certainty is that the absolute number of single-family homes may actually go down, and the price for such homes (or the land they sit on) is going to continue to go up.

In the end, people are going to continue to do what they have always done – balance their housing needs with their wants and budgets, and the lifestyle associated with different types of homes in different areas of the region.

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

+MORE CONTENT ONLINE nexthome.ca

ADVICE | THE MARKETING EDGE

TOP 5 DRIVERS OF SUCCESS FOR FAMILY BUSINESSES TOP FIVE FUNDAMENTAL DRIVERS OF SUCCESS FOR FAMILY BUSINESSES

ALLYSON MCOUAT

You can’t miss them, they are everywhere. There has been a run of Vin Diesel memes riffing on the fact that his character in the Fast and Furious movie franchise is obsessively centred on the idea of family. In the Fast and Furious universe, family is the all-powerful love that overcomes any hardship, and the one thing worth fighting for. People find it funny because a strong commitment to family seems rare today.

In the real estate industry, family business is business as usual.

Many of our developer clients are family-led businesses, passed down from generation-to-generation.

At McOuat Partnership, we have some perspective on these unique dynamics because we’re a family business, too.

Our agency was formed 48 years ago by our now-retired founder Chuck McOuat, and is currently run by his five offspring: Geoff, David, Craig, Lianne and Allyson. But this isn’t just a father-son-son-sondaughter-daughter company, as we have a team of 40-plus employees, including some second-generation team members, as well.

Today, two-thirds of all companies in the world are family-controlled.

From massive conglomerates such as Walmart, down to the “mom and pop” corner store, families are often successfully combining business with the pleasure of each other’s company. Having some experience in running a family business, we’ve identified a few key issues that every family business will encounter:

1. Future planning: Many companies think short-term and are driven only by year-to-year results.

Family businesses are often more committed to long-term planning and investing. They tend to build deeper and more loyal relationships with customers, suppliers and their own employees. The stakes are higher when your family’s future is on the line, so you plan and prepare asset-growth differently.

2. Quality control: You’ll often find that family-run businesses take a stronger look at quality because it’s their name behind it. No one wants their name synonymous with shoddy workmanship, especially when you are building for the long term. A family business can be more invested in making things shine every time, and ensuring your talent-base grows and develops to keep your product perfect.

3. Corporate values: Family unity equals corporate unity. When the top brass are aligned behind their corporate values, the organization has a stronger unified culture. Families typically share the values they were raised with, so, ultimately, there are fewer disagreements around policy, procedure, organizational practices and management systems.

Intuitively you know what to do.

4. Problem solving: Often in family businesses, different members have responsibility for specific areas of the company. When one person’s department is struggling, that stress impacts the whole operation and potentially the

whole family. This is where family dynamics come into play. You know each other’s strengths and weaknesses, so you’re ready to counterbalance and problemsolve. In fact, you’ve probably been helping to solve each other’s problems since you were kids.

5. Institutional knowledge: The corporate memory banks are long when they are intergenerational.

This doesn’t mean that there aren’t issues, too. Sometimes, change is slow because when it comes to making large company shifts, it’s essential to ensure that the top is aligned on decisions before any forward movement is made.

And nurturing managers can be a challenge for many companies when top spots are already taken by the family. So, all family businesses need to consider at what point your highest and best use is as visionaryowners and passing some of the responsibility on. They also need to consider building future generations to continue.

And, of course, when there is discord in the family, the dynamics can cause a block across the business, so it’s particularly important to ensure you have time to connect and remember that you are more than just a firm, you’re family.

And as they say in the Fast and Furious films – family is forever.

Allyson McOuat is a copywriter, storyteller and social media manager at McOuat Partnership, Toronto. mcouatpartnership.com

+MORE CONTENT ONLINE nexthome.ca

nexthome.ca | myhomepage.ca 45

ADVICE | REAL INSIGHT

MARKET TURNAROUND FOR CONDOS IN THE GTA

JASON MERCER

Condo buyers are back, and competition between these buyers relative to available listings has been pushing up the average selling price.

In the second quarter, the average price of a condo increased by 10 per cent compared to the same time last year. Above-inflation price growth continued in June and is expected to be sustained through the remainder of this year.

Condo sales were seriously impacted in the early months of the pandemic and were slower to recover compared to lowrise market segments (detached and semidetached houses and townhouses).

However, as we moved into 2021, condo sales started to turn around, following the broader recovery in homeownership demand.

Consumer polling conducted by Ipsos for TRREB found about 40 per cent of buyers in 2021 are new to the homeownership journey. The entry point into homeownership for many first-time buyers often begins with a condo. So, given these recent consumer polling results, it’s not surprising that condo buying increased over the last six months.

RENTING A CONDO IN THE GTA

COVID-19 initially had a marked impact on the condo rental market as well, resulting in much softer rental market conditions and a decline in average rents. However, similar to the ownership market, the number 46 condolife magazine | Aug. 28–Sept. 25, 2021

of condos rented during the spring more than doubled over last year.

The increase in rental transactions outstripped growth in the number of units listed, both on a year-overyear and quarter-over-quarter basis.

If this trend continues, and it more than likely will with a resumption in population growth, we will see average rents for one-bedroom and two-bedroom units start to trend upwards in the coming months.

CONDO MARKET CONTINUES TO STRENGTHEN

Looking ahead to 2022, whether you are looking to buy or rent a condo, demand will continue to strengthen.

Immigration and non-permanent migration (including students) will pick up. This will positively impact the demand for all types of residential real estate, including condos. Over the next few years, the key question is not whether we will see demand for housing in the GTA, but whether we

will have enough supply to keep up with demand. In recent years, housing supply, or lack thereof, has been a persistent issue. Policymakers at all levels of government must continue to work toward solutions that will see a greater diversity of housing supply coming online.

Delve deeper into the condo resale and rental markets by visiting trreb. ca and explore the latest reports.

You can also connect with a TRREB member realtor and search listings in real time on any device.

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

+MORE CONTENT ONLINE nexthome.ca

Photo: Jason Hartog. Project: lindamazurdesign.com

INTERIORS

IN THIS SECTION:

DECOR | HOME FINDS | BIG STYLE 47

INSPIRATION |

decor

HAVING YOUR OWN

SPA-LIKE BATHROOM

by Linda MazUR

Let’s face it – we all would love a big, spa-like bathroom to start and end our days, but not all of us are afforded the luxury of square footage for a large soaker tub and walk-in shower in our bathrooms. If you live in a small home and need to keep the traditional tub-shower combination due to space constraints, don’t feel like a great looking bathroom is out of reach.

Small bathrooms can definitely be a challenge. Try as you may, there is only so much space to fit in all the necessities, attempt to provide adequate storage solutions and still create the Instagram-worthy bathroom everyone 48 condolife magazine | Aug. 28–Sept. 25, 2021

wants. Smaller homes and condos are often outfitted with only a single full bathroom, so a tub-shower is a great two-in-one space-saving solution. This combination makes the most of limited space by providing all the benefits, just in a compact footprint. They can be very cost-effective compared to a separate tub and shower option when renovating, and open extra space for a large vanity and more enhanced storage.

So, we know all the practicalities of a tub-shower combination for your small bathroom, but there is still the lingering desire for a luxe looking spa-like space. Modern

tub-shower combinations come in a wide variety of attractive designs and styles to suit your particular design and needs. You do not need to limit yourself to pre-fabricated, all-in-one units. Tub-showers can be completely customized from the size, style and colour of tub you choose, to your preferred choice of faucets and fittings. Detachable or rain shower head? Gold, nickel or black? Traditional or modern? It’s entirely up to you. When it comes to selecting a glass door to make your space feel bigger or for a private enclosure, your choice depends on your budget and comfort level.

Another way to customize is through tile, and with countless selections available, it’s easy to get inspired and create a wonderful looking bathroom. From monochromatic elegance to bold colours, rustic wood-grained tile to 3D tiles, to textured tiles and fun patterns, there is an endless array of possibilities that can elevate the simple tub-shower combination.

If you’re on the hunt for a more upscale approach, why not try a large format tile with a beautiful natural marble vein; not only will it make your space look and feel more luxurious, it also limits the grout lines.

If you feel like you have been compromised by being dealt a small bathroom with a tub-shower in your home, think again! With all the possibilities available today, that high-end spa-like bathroom is definitely within reach. Homes without bathtubs can be challenging on resale, so embrace your tub-shower complement and get inspired to create an amazing space for your home.

Linda Mazur is an award-winning, nationally publicized designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds within Toronto, the GTA and throughout Canada. lindamazurdesign.com @LindaMazurGroup nexthome.ca | myhomepage.ca 49

INSPIRATION |

big style, small spaces

Little touches

that make a huge difference

by LISA ROGERS

Decorating a small space isn’t actually that different than decorating a large one: It just requires a bit of ingenuity and understanding what works in the space and what doesn’t. While your focus will be different when you’re working with less square footage, the basic rules of design are very much the same.

I recently took this challenge to task with a property development I worked on in conjunction with Dunpar Homes – the Kingsway Village Square. This luxury building offers upscale condominium living in a carefully-crafted boutique rental residence, and as creative designer, it’s my job to decorate our first two model suites – with all the right interiors and finishes. It’s proven to be a really fun project to manage because it’s made me look at design differently. Naturally, I have less room 50 condolife magazine | Aug. 28–Sept. 25, 2021

to work with so it means I have to think about furniture, finishes and lighting in a way that works for a smaller space.

Whether you’re looking to update a condominium, studio apartment or small home, check out these tips on ways to optimize your space.

FIND THE RIGHT LIGHT

First, if you have plenty of natural light, let it shine through! Keep window treatments airy with sheer fabrics so light can come through easily, and you’re not weighing down your space with heavy curtains or blinds. Add additional lighting throughout your space but avoid any big floor or table lamps – they just add “bulk” – and opt for wall sconces, pendant lights or string lights that don’t take up too much real estate.

MIRROR, MIRROR ON THE WALL

If you aren’t blessed with a lot of natural light in a room, mirrors can add additional light and the feeling of additional space by reflecting back any natural and non-natural lighting you do have. It will give the illusion of more square footage, so think about using one large mirror in your room or arrange a few smaller ones throughout.

TRY ‘FLOATING’ PIECES

Shelves and nightstands that are built into the walls can keep your floor clear of any cluttering obstacles and free up some extra space as well.

THE BIGGER THE RUG, THE BETTER

Believe it or not, you don’t want to skimp on size with your rug. A tiny rug just makes the room feel equally as small, so pick a floor covering that’s

large enough so most of the furniture will sit on it, or go wall-to-wall.

AVOID HEAVY FURNITURE

When dressing a small space, your furniture has to look light. For example, instead of investing in a sturdy block of a coffee table, opt for a piece that has legs on it. Why? It helps carry the eye in and around your space, which gives the impression of a larger room.

USE FURNITURE THAT IS MULTI-PURPOSE

For the Kingsway Village Square, I also picked pieces that are multi-purpose, such as a high-top table that I put in the kitchen area. It acts as a work station as well as an eating area. You can get creative with storage options, too: Ottomans that can store your linens, or built-in cabinetry under your bed. Nowadays, there are so many chic storage options that work double-duty as a piece of decor.

ADD SOME COLOUR

KEEP COLOURS NEUTRAL

This feels fairly obvious, but lighter walls give the illusion of a bigger space, where darker walls do the opposite.

My favourite hues are from Benjamin Moore: CC40 or Chantilly Lace. I often use both of them in design.

Yes, you can! Use colour for your pillows, bedding, artwork or carpets, but I always caution about going too overboard with really bold patterns of palettes. You want to minimize the “noise,” as it were, so my advice is to add your colour, but keep it fresh, light and harmonious.

Lisa Rogers is Executive Vice-President of Design for Dunpar Homes (dunparhomes.com). Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and as a regular guest expert for fashion and image, health and wellness and design on CityTV’s Cityline.

Follow Lisa’s blog at craftedbylisa.ca

nexthome.ca | myhomepage.ca 51

INSPIRATION |

home finds

HOME etc.

by SARA DUCK

Whether you are planning a full-scale bathroom

renovation or looking to freshen up the space, Condo Life shares our top picks for making your bathroom a personalized place to relax and unwind

SOURCE: DESIGN West of Main FURNITURE AND ACCESSORIES West of Main Shoppe BUILDER eqhomes.ca FINISHES: FLOOR TILE in Stark Carbon: Euro Tile WALL TILE by Uptown Series in Sugar Hill: Olympia Tile SHOWER FLOOR TILE in Stark Carbon: Euro Tile COUNTERTOP in Montauk: HanStone MILLWORK in Textured Melamine in Sand Orleans Oak: Deslaurier Custom Cabinets

Classic combo

+ bold pattern While black and white is a classic colour combination, when used in a bold pattern, it can be refreshingly modern.

Step

ON IT!

Bathmats go beyond just functionality; they can dial up the “cool factor” in your space as well.

LINESMAN return square cement tile. $8 per tile. geontile.com ARTIC BAY terrazzo cement tile. $100 per tile. geontile.com ICICLE square cement tile. $10 per tile. geontile.com

THICK PILE bathmat. $20. hm.com STRIPED BATHMAT. $109. zarahome.ca ORGANIC HALF-MOONS bathmat. $60. westelm.ca

Twist & Kliin is a new line of eco-friendly, biodegradable cleaning products that uses concentrated cleaning bio-pods. Each recyclable pod is slightly larger than a wine cork in size, and simply screws onto the top of an empty cleaning spray bottle re-filled with 750ml of water. With a quick shake, the pod’s contents dissolve instantly, and the renewed bottle of cleanser is ready to use. $3 per pod. Kliin.co

PLANETFRIENDLY CLEANING

This faucet is part of the new Frank Lloyd Wright bath collection by Brizo, available in October.

TERRIFIC TOWELS

These lightweight organic quick-dry textured towels are made of twoply organic cotton yarns and are verified safe from over 300 harmful substances. $6-$30. westelm.ca

Texturized

Elevate your everyday faucet with interesting textured designs.

VENEZIA textured handle in polished chrome by Fantini. Price upon request. elte.com 316 INTRECCIO FAUCET single hole in brushed steel. $919. elte.com WIDESPREAD LAVATORY FAUCET and handle kit in polished nickel/wood by Frank Lloyd Wright for Brizo. Faucet: $923. Handles: $215. Brizo.com nexthome.ca | myhomepage.ca 53

1 Enhanced technology to provide the feeling of more water.

1

Knock on wood Bring in a natural look to your bathroom with wood accents.

2

2

BLUETOOTH technology delivers highquality audio to your shower.

5

INNOVATIVE SHOWER HEADS

3 4

These shower heads not only look amazing, they provide a better shower experience, too.

1. H20kinetic PENDANT RAIN SHOWER HEAD in matte black

by Delta. $1,153. wayfair.ca | 2. KOHLER 2.0 gpm rainhead with wireless speaker in Oil-Rubbed Bronze by Kohler. $512. homedepot.ca

Exclusive collaboration

Renowned interior designer Brian Gluckstein has teamed up with The Home Depot to launch GlucksteinElements, which includes an assortment of lighting, ceiling fans, bathroom vanities and mirrors in his signature timeless design.

2

3 54 condolife magazine | Aug. 28–Sept. 25, 2021

2

1

1. Frameless ROUND MIRROR with matte black metal hanging hook. $115. | 2. Lowell one-light WALL SCONCE with rich black finish. $80. | 3. Larson free-standing BATH VANITY in white with engineered marble top in white with white sink, $600. All available at thehomedepot.ca

1

1. Wood TOWEL RACK, $80. bouclair.com | 2. Icon five-piece BATHROOM ACCESSORY SET by Paradigm Trends. $137. wayfair.ca | 3. Asia teakwood STOOL by haven. $172. bedbathandbeyond.ca | 4. Reclaimed teak MIRROR. $400. eq3.com | 5. SD Naturals bamboo TOOTHBRUSH. $16 for three. well.ca

3

p u e s i R

Wall-mounted vanities make a space feel spacious and airy with the added bonus of easy cleaning underneath.

1. Carlington WALNUT BATHROOM VANITY with sink by Foremost. $479. rona.ca | 2. GODMORGON/TOLKEN/TORNVIKEN BATHROOM VANITY in white and bamboo. $400. ikea.ca | 3. Gray WALL HUNG SINGLE UNDERMOUNT SINK MODERN VANITY by Fresca $2,143. homedepot.ca

Bathroom

“There is nothing like a rich grey to add sophistication to your dream bathroom!

Paint it on all four walls for a more dramatic effect or experiment with pale walls and a dark ceiling or accent wall.”

colour trends

Benjamin Moore colour and design expert, Sharon Grech shares the hottest colours in bathrooms for 2021.

(WALLS) CHARCOAL SLATE HC-178, Aura Bath & Spa, Matte

(CEILING/ TRIM)) ATRIUM WHITE OC-145 Aura Bath & Spa, Matte/Semi-Gloss

“White is always a popular option for the bathroom, but warmer “offwhites” have increased in popularity for walls to off-set crisp white fixtures and sleek, modern finishes.”

“Yellow is definitely trending for interiors this year. It is the perfect hue to enliven the senses and bring the warmth of sunshine all year round! Try adding some pretty yellow tones in towels, artwork or even cabinetry and walls for an interior dose of Vitamin-D.” (TRIM) SIMPLY WHITE OC-117, ADVANCE, Satin

(WALL) YELLOW RAINCOAT 2020-40, AURA Bath & Spa, Matte

BALLET WHITE

SIMPLY WHITE

(WALLS) BALLET WHITE OC-9, AURA Bath & Spa, Matte (TRIM/ CEILING) SIMPLY WHITE OC-117, ADVANCE, Satin/Ultra Flat nexthome.ca | myhomepage.ca 55

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CONDO PROFILES

Pinnacle Toronto Cypress

developer: style: size: prices from: features:

Toronto

PINNACLE INTERNATIONAL

Highrise Up to 1,145 sq. ft.

The mid $600,000s • Suites include 9’ ceilings, laminate flooring, quartz countertops • Suites with full size appliances • Amenities include: gym, yoga room, party room, kids play area and outdoor terrace contact: 416.596.1600 • info@PinnacleEtobicoke.ca location: 5475 Dundas St. West (west of Kipling)

Oro at Edge Towers

Mississauga

MRKT Alexandra Park

developer: style: size: prices from: features:

contact: location:

SOLMAR DEVELOPMENT CORP

Highrise 500-883 sq. ft.

• 1 bed, 1 plus den, 2 bed, and PH 3 plus den.

• 24 hour concierge service.

• 9 ’ ceiling heights on floors 2-49; 10’ in penthouse units on 50th floor.

• Two party rooms with outdoor terraces, a state-ofthe-art gym, yoga studio, private movie theatre, games room, sports lounge, wifi lounge, and more.

• We are the only downtown Mississauga new condo community located directly on the new LRT. contact: (905) 804-0592 location: 24 Elm Drive West, Mississauga, Ontario, L5B 1P9

TRIDEL Highrise from 630 -1235 Sq. Ft. $900,000s • New Release of 2 and 3 Bedroom Suites • Steps from Toronto’s Kensington Market, Queen West and Chinatown.

• Lifestyle amenities designed to connect spaces and people. A Two-Storey Gym, Swimming Pool & Rooftop Terrace, Private, Landscaped Courtyard, Outdoor Terrace, & Garden, Kids’ Zone and Youth Zone Tridel.com Dundas St. W. + Denison Ave.

Mirabella Condos

developer: style: size: Prices from: features: developer: style: size: features:

Toronto

Toronto

DIAMANTE URBAN CORPORATION

Highrise 550 sq.ft. to 1539 sq.ft. the low $700,000s • 1B+D, 2B, and 2B+D suites with spacious layouts, 9’ ceilings (10’ for penthouses), and premium features and finishes • Awe-inspiring views of Lake Ontario or High Park from all suites and amenities • Indoor Amenities (exclusive to each tower) include an indoor pool, party room with catering kitchen, library, yoga studio, fitness centre, business centre, children’s play room, dog wash room, two guest suites and 24-hour concierge • Outdoor Amenities include two shared outdoor terraces with bbqs, lounge furniture, dining areas, and lush greenery • Nestled within an area featuring beautiful public parks and pathways, Humber Bay, Shores Park, the Waterfront Trail, High Park, and Lake Ontario contact: mirabellacondos.ca | 416-961-8008 location: 1926 Lake Shore Blvd W., Toronto, ON M6S 1A1 nexthome.ca | myhomepage.ca 57

HOT PROPERTIES | GREATER TORONTO AREA

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MAPS

CARTOGRAPHY: MARKETMAPS.COM

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

nexthome.ca | myhomepage.ca 59

HOT PROPERTIES

FIND YOUR NEXT HOME

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

Legend: HR = High Rise CTH = City Home MR = Mid Rise LO = Loft LR = Low Rise LW= Live Work PH = Penthouse RH = Row Home TH = Townhouse

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Etobicoke..............................Mirabella ........................................................... HR ......................... 1926 Lake Shore Blvd. W. ..............................................mirabellacondos.ca Etobicoke..............................Westerly ............................................................ HR ......................... Islington & Dundas............................................................................tridel.com Etobicoke..............................Evermore at West Village ............................ HR ......................... Eva Rd. & The West Mall ...................................................................tridel.com Etobicoke..............................Humberwood Heights ........................... CTH/FTH ................... 50 Humberwood Blvd. .......................................tributecommunities.com Etobicoke..............................Cypress at Pinnacle Etobicoke ................... HR ......................... 5475 Dundas St. W. ................................................pinnacleinternational.ca Etobicoke..............................Verge ................................................................. MR ......................... Islington & The Queensway ........................................... vergecondos.com Etobicoke..............................36 Zorra Condominiums.............................. MR ......................... 36 Zorra................................................................... altreedevelopments.com Markham/Unionville..........Panda Markham ............................................. HR ......................... 8200 Warden Ave. ............................................lifetimedevelopments.com Markham/Unionville..........Varley Condo Residences .............................LR.......................... 20 Fred Varley.........................................................tributecommunities.com Markham...............................Canvas on the Rouge.................................... MR ......................... Donald Cousens Pkwy & Ninth Line ................................. flatogroup.com Mississauga ..........................Amber at Pinnacle uptown ......................... HR ......................... 5044 Hurontario St. ..............................................pinnacleinternational.ca Mississauga ..........................Perla Towers at Pinnacle Uptown.............. HR ......................... 5044 Hurontario St. ..............................................pinnacleinternational.ca Mississauga ..........................Oro at Edge Towers ...................................... HR ......................... 24 Elm Dr.W..........................................................................................solmar.ca Mississauga ..........................Brightwater Condos .....................................CTH........................ 70 Mississauga Rd. S. .......................................mybrightwatercondos.com Mississauga ..........................Artform Condos.............................................. MR ......................... 86 Dundas St. E. ............................ artformbyemblemdevelopments.com Mississauga ..........................M4 at M City..................................................... HR ......................... 3891 Redmond Rd. at Burnhamthorpe .............................urbancapital.ca North York ............................M2M ................................................................... MR ......................... Yonge & Finch ..................................................................... m2mcondos.com North York ............................The DIamond .................................................. HR ......................... 5336 Yonge St.................................diamond.diamantedevelopment.com Oshawa .................................U.C. Condos..................................................... HR ......................... Simcoe St. N. & Winchester Rd. W. ....................tributecommunities.com Scarborough ........................Pinnnacle Toronto East ............................... HR ......................... 3260 Sheppard Ave. E. .........................................pinnacleinternational.ca Scarborough ........................Perch Condos ................................................. MR ......................... 4694 Kingston Rd....................................................................... firmland.com Toronto .................................10 St. Mary Street ........................................... HR ......................... 10 St. Mary St. ....................................................lifetimedevelopments.com Toronto .................................111 River St. Condos ...................................... HR ......................... 111 River St. .........................................................lifetimedevelopments.com Toronto .................................200 Queens Quay W. .................................... HR ......................... 200 Queens Quay W. ......................................lifetimedevelopments.com Toronto .................................40 210 Bloor St. W. ........................................ HR ......................... 210 Bloor St. W. .....................................................tributecommunities.com Toronto .................................489 Wellington St. W. ................................... HR ......................... 489 Wellington St. W. .......................................lifetimedevelopments.com Toronto .................................500 Dupont St. ............................................... MR ......................... 500 Dupont St. ...................................................lifetimedevelopments.com Toronto .................................Aqualuna at Bayside ..................................... HR ......................... 200 Queens Quay East ...................................................................tridel.com Toronto .................................Artistry Condos ............................................... HR ......................... 292 Dundas St. W. ..................................................tributeartistrycondos.ca Toronto .................................Panda Condos................................................. HR ......................... Yonge & Dundas. ...............................................lifetimedevelopments.com Toronto .................................Skytower at Pinnacle One Yonge .............. HR ......................... 1 Yonge St. ...............................................................pinnacleinternational.ca Toronto .................................The Prestige at Pinnacle One Yonge ....... HR ......................... 1 Yonge St. ...............................................................pinnacleinternational.ca Toronto .................................Tridel at the Well ........................................ MR/HR ..................... Spadina Ave. & Wellington St. .....................................thewelltoronto.com Toronto .................................Via Bloor ........................................................... HR ......................... Bloor & Parliament. ...........................................................................tridel.com Toronto .................................The PJ Condos ............................................... HR ......................... 283 Adelaide St. W..................................................pinnacleinternational.ca Toronto .................................36 Eglinton Ave. W. ....................................... HR ......................... 36 Eglinton Ave. W. ..........................................lifetimedevelopments.com Toronto .................................Linx Condominiums ...................................... HR ......................... Danforth & Main ................................................ tributecommunicties.com Toronto .................................Y&S Condos .................................................... HR ......................... 2161 Yonge St. .......................................................tributecommunities.com Toronto .................................Burke Condos ................................................. HR ......................... Bloor & Sherbourne ................................................. concertproperties.com Toronto .................................MRKT Alexandra Park .................................MR HR...................... Dundas & Spadina .............................................................................tridel.com Toronto .................................181 East ............................................................. HR ......................... 181 Sheppard Ave. East ...................................................................stafford.ca Toronto .................................Avenue & Park ................................................. MR ......................... Avenue Rd. & Bedford .....................................................................stafford.ca Toronto .................................50 at Wellesley Station.................................. HR ......................... 50 Wellesley St. East ................................................................pureplaza.com Toronto .................................No. 1 Yorkville.................................................. HR ......................... 1 Yorkville Ave............................................................................pureplaza.com Toronto .................................Theatre District Residences......................... HR ......................... Adelaide & Widmer ..................................................................pureplaza.com Toronto .................................Bijou on Bloor ................................................. MR ......................... 2450 Bloor St. West..................................................................pureplaza.com Toronto .................................The Briar on Avenue .....................................CTH........................ 368 Briar Hill Ave. .....................................................................pureplaza.com Toronto .................................One Seventy .................................................... HR ......................... Spadina & Queen St. West ......................................................pureplaza.com Toronto .................................King West & Charlotte ................................... HR ......................... King St. West & Charlotte........................................................pureplaza.com Toronto .................................Forest Hill Private Residences..................... MR ........................ 2 Forest Hill Rd. ..................................................... altreedevelopments.com Toronto .................................Oscar Residences ........................................... MR ......................... 500 Dupont St. W. at Bathurst...................................oscarresidences.com Toronto .................................Whitehaus ........................................................ HR ......................... Yonge & Eglinton ...............................................lifetimedevelopments.com Toronto .................................Liberty Market Tower..................................... HR ......................... 171 East Liberty St. .............................................lifetimedevelopments.com Toronto .................................XO Condos....................................................... MR ......................... King & Dufferin...................................................lifetimedevelopments.com Toronto .................................234 King East ................................................... HR ......................... 234 King St. E. ...............................................................emblemdevcorp.com Toronto .................................The Dupont ..................................................... MR ......................... Dupont & Ossington.........................................................................tridel.com Toronto .................................Bianca Condos................................................ MR ......................... 420 Dupont St ....................................................................................tridel.com Thornhill ...............................Royal Bayview ................................................ MR ......................... Bayview Ave. & Royal Orchard Blvd. ............................................tridel.com Toronto .................................LeftBank ............................................................ HR ......................... River St. & Dundas St. East..................................................... broccolini.com Vaughan ................................Park Avenue Place 1 & 2 ............................... HR ......................... Jane St. & Rutherford Rd. ................................................................solmar.ca Vaughan ................................The Vincent...................................................... MR ......................... Jane St. & Hwy. 7 ........................................................................ thevincent.ca Vaughan ................................The Rose Hill Condos ................................... MR ......................... 177 Woodbridge Ave.......truecondos.com/capital-north-communities Vaughan ................................SXSW Condos .................................................. HR ......................... Islington & Steeles..........................................................primonthomes.com Whitby ...................................The Landing Whitby Harbour ................. HR/MR ..................... 1604-1616 Charles St. .................................................................carttera.com

MAPS

Locate properties using the map on the previous page

60 condolife magazine | Aug. 28–Sept. 25, 2021

+

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

HOT PROPERTIES | OUT OF TOWN

FIND YOUR NEXT HOME

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

Youngs Point

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CARTOGRAPHY: MARKETMAPS.COM

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nexthome.ca | myhomepage.ca 61

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

KITCHENER–WATERLOO

Guelph

Waterloo

Milton

Kitchener

Cambridge

5

Brantford

Hamilto n 11

4

13

3 1

14

2 12

LONDON

15

London

62 condolife magazine | Aug. 28–Sept. 25, 2021

Mississauga

20

17 18

Oakville 19

6

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

7

Burlington

23 10

16

21

St Catharines22

Niagara Falls

8

24

Welland

CARTOGRAPHY: MARKETMAPS.COM

9

nexthome.ca | myhomepage.ca 63

HOT PROPERTIES

FIND YOUR NEXT HOME

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

Legend: HR = High Rise CTH = City Home MR = Mid Rise LO = Loft LR = Low Rise LW= Live Work PH = Penthouse RH = Row Home TH = Townhouse

MAP LOCATION 1.

SITE

TYPE ADDRESS

CONTACT

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

2.

Ancaster ................................Tiffany Hill ......................................................CTH........................ Raymond Rd. & Rymal Rd. ...................................... rosehavenhomes.com

3.

Brantford...............................The Ambrose Condos .................................. MR ......................... 401 Shellard Ln ...................................................... theambrosecondos.com

4.

Brantford...............................Station Sixty Lofts .......................................... MR ......................... 60 Market St. S................................................................... elitemdgroup.com

5.

Burlington ............................Affinity Condos ............................................... MR ......................... Plains Rd. E. & Filmandale Rd. ............................... rosehavenhomes.com

6.

Burlington ............................Millcroft Towns .............................................CTH........................ Appleby Line & Taywood Dr. .............................branthavenmillcroft.com

7.

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

8.

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

9.

Fonthill ..................................The Fonthill ..................................................... MR ......................... Rice Rd ................................................................................ elitemdgroup.com

10.

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

11.

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

12.

Hamilton ...............................Electric Avenue ......................................... HR/CTH .................... Upper James & Rymal Rd............................................... elitemdgroup.com

13.

Hamilton ...............................KiWi Condos ................................................... HR ......................... 212 King William St................................................................kiwicondos.com

14.

Hamilton ...............................Steeltown City Co. ...................................MR/CTH .................... Fennell Ave. E. & Upper Ottawa St. .............................. elitemdgroup.com

15.

London ..................................White Oaks Urban Towns ...........................CTH........................ London ................................................................................ elitemdgroup.com

16.

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

17.

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

18.

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

19.

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

20.

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

21.

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

22.

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

23.

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

24.

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

MAPS

Locate properties using the map on the previous page

64 condolife magazine | Aug. 28–Sept. 25, 2021

+

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

ADVERTISER INDEX — Find ads easily inside this edition 52 Pick Up ................................................................................... 1 6 Access Storage .......................................................................... 1 5

Enter our Sign-Up to Win Contest!

Black & Decker ................................................................... 43, 65 Burke – Concert ....................................................................... 6 7 Condo Store, The......................................................................2 0 Fairmont Royal York ................................................................. 1 5

BLACK+DECKER™ Prize Value: $149.99

Focal Point.................................................................................. 1 5 Gemma – Pinnacle International ..........................................6 8 Gladstone ................................................................................... 1 9 Graydon Logistics ..................................................................... 1 5 Highway of Heroes ................................................................... 2 7 Home + Style Studio Tour ...................................................... 1 5 Hotel Vie ......................................................................................1 7 IDRC ............................................................................................. 1 5 Indigo........................................................................................... 1 5 Lusso – Lucchetta Homes........................................................ 2 McOuat........................................................................................ 1 8 Mirabella – Diamante ..................................................... 4, 5, 57 MRKT Alexandra Park – Tridel ............................................... 5 7 NextHome .................................................................................. 1 5 NKBA ............................................................................................ 4 3 Now .............................................................................................. 1 5 One Fonthill – Mountainview Building Group ..................... 3 Oro at Edge Towers – Solmar ...........................................3, 57 Pinnacle Toronto Cypress – Pinnacle International ......... 57

BLACK+DECKER™ 20V MAX* LITHIUM ION DRILL/ DRIVER + 68 PIECE PROJECT KIT

Enter Online: • Go to myhomepage.ca/contests

Reno & Decor ......................................................................15, 56

• Select this contest within the listing and click Enter to Win.

Tridel Premier Collection – Tridel........................................... 9

• Good Luck!

Verge - Rio Can ................................................................... 12, 13

For full contest details & rules visit the link above.

Builders

Concert ....................................................................................... 6 7 Diamante............................................................................ 4, 5, 57

Two Prizes Awarded Each Edition of Active Life, Condo life, HOMES and Reno + Decor

Lucchetta Homes ....................................................................... 2 Mountainview Building Group ................................................. 3 Pinnacle International ..............................................................6 8 Rio Can .................................................................................. 12, 13 Solmar .....................................................................................3, 57 Tridel ........................................................................................9, 57

www.blackanddecker.ca |

@blackanddeckerca

nexthome.ca | myhomepage.ca 65

ADVICE | INDUSTRY REPORT

TIME TO VOTE PEOPLE’S CHOICE AWARDS ALLOW YOU TO HELP CELEBRATE EXCELLENCE AND INNOVATION IN GTA HOMEBUILDING

DAVE WILKES

As new home and condominium developments spring up in the GTA, you may find you have your favourites, those special projects that really catch your eye. BILD is inviting you to take a look at 10 new developments, shortlisted through our annual BILD Awards, and vote for the one that captures your attention.

The winning project will receive BILD’s People’s Choice Award.

The People’s Choice is one of the most coveted honours in the BILD Awards, which celebrate excellence and innovation in the GTA homebuilding industry. That’s because it’s particularly meaningful for builders and developers to be recognized by the very people for whom they build homes and communities: The people of the GTA. Visit bildpca.ca to learn about the People’s Choice Award finalists and cast your vote by Aug. 31. You’ll be eligible to win a $250 prepaid VISA card.

Ambria Homes’ Presto Modern Towns is a townhome community in Scarborough. It features one, two- and three-bedroom stacked townhomes with patios and rooftop terraces.

Capital Developments, Metropia and RioCan Real Estate Investment Trust are behind 11 Yorkville, a 62-storey building at Yonge and Bloor streets. It boasts elegantly proportioned architecture and offers a sophisticated lifestyle.

66 condolife magazine | Aug. 28–Sept. 25, 2021

CityPointe Commons, by DECO Homes, OPUS Homes, Poetry Living and TACC Developments, is a complete community of about 300 single-family homes and townhomes at the crossroads of Brampton, Vaughan and Toronto.

Junction Point, by Gairloch Developments, embodies the Junction’s architectural characteristics. All three sides of the development are equally visible and animated, from the commercial activity on Dundas Street West to the quiet residential character of Brad Street and Indian Road.

Angus Glen South Village by Kylemore Communities/Angus Glen Developments comprises the southwest portion of the former York Downs golf course in Markham’s Unionville. It features a mix of townhomes, detached homes and boutique condo buildings.

One Delisle, by Slate Asset Management, is a building of architectural ingenuity and engineering innovation. Its spiral shape provides a variety of floor plans for residences, most of which feature balconies and landscaped terraces.

Savile on the Roe by Tiffany Park Homes is a community of 28 luxury townhomes, with generous front and back yards and private rooftop terraces. The interiors are designed to maximize space visually, with sweeping rooms finished in the finest materials.

StateView Homes’ The Enclave is a gated community of homes distinguished by style and charm, steps to the shops and restaurants of Kleinburg Village. It combines the advantages of detached living with the conveniences of condo living.

MRKT Alexandra Park by Tridel, in the heart of Toronto, is the third phase in the master-planned Alexandra Park community revitalization. The 15-storey building features contemporary architecture and sustainable design.

Tridel’s Royal Bayview in Thornhill is a midrise residence comprising two towers. Its suites and terraces overlook the greenery of a private golf club.

Find out more about these impressive finalists at bildpca.ca and vote for your choice. The winner of the People’s Choice Award will be announced during our 2021 BILD Awards ceremony on Oct. 7.

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.

+MORE CONTENT ONLINE nexthome.ca

SITE PREPARATIONS HAVE BEGUN FINAL RELEASE OF RESIDENCES NOW SELLING 80% SOLD

Spacious and bright. More room to live. More room to grow.

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TWO AND THREE BEDROOMS FROM 954 - 1,338 SF. PENTHOUSE COLLECTION FROM 1,295 - 2,091 SF.

BOOK YOUR PRIVATE APPOINTMENT BurkeByConcert.com 647.789.2088 Prices, availability, design and specifications subject to change without notice. E. & O.E. ®Registered trademarks of Concert Properties Ltd. Renderings are artist’s concept.