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Greater Toronto Area Mar. 13–Apr. 10, 2021
Greater Toronto’s COMPLETE CONDO GUIDE
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MAR. 13–APR. 10, 2021
CONTENTS COVER STORY
26 THE AMBROSE CONDOS ELITE’S NEW BRANTFORD PROJECT FOCUSES ON THOUGHTFUL AMENITIES AND AFFORDABLE LUXURY LIVING 6 condolife magazine | Mar. 13–Apr. 10, 2021
35
52
COLUMNS
18
Stat Chat Why have all the predictions about Toronto’s housing market been wrong?
20 Condo Pro Your pandemic condo-shopping guide
22
The Marketing Edge Six buyer profiles driving today’s housing market
29 Legally Speaking Buying and selling on the same day a recipe for disaster
38 Property profiles 40 The PJ Condos New Pinnacle project offers unique architecture in the heart of the Entertainment District
42 Oro at Edge Towers in Mississauga Exciting new release from Solmar
44 The Dupont Tridel brings urban sophistication and heritage charm to Dupont Street
34 Real Insight Low borrowing costs driving home and condo sales
35
What to expect in Toronto’s housing market in 2021
DEPARTMENTS
8
Editor’s Note
36 Personal Finance Even with bruised credit there are ways to get a mortgage
Springing to life
10
Contributors & Masthead
12
Condo Life Online
14
In the Spotlight New home market surges along in January; more news on pages 15, 16 and 17
Market Outlook
37
Home Realty There’s more than one way to get into the housing market
66 Industry Report More Canadians are looking at ageing in place
24 Inside The GTA
INTERIORS
32
In Conversation With...
49 Interiors Cover
Brian Brown, Lifetime Developments
50 Decor
38
Midtown Toronto
46 Destinations Ontario Niagara
58
Making your kitchen sink work for you
Neighbourhood Watch
Maps & Amenity Charts
65 Advertisers Index Want more information? Just ask — and you could win a prize
52
Design Spotlight Hot colour trends for the year
54 Big Style, Small Spaces How to transform your bathroom into a home spa
56 Product Showcase New & noteworthy nexthome.ca | myhomepage.ca 7
EDITOR’S NOTE
SPRINGING TO LIFE
WAYNE KARL EDITOR-IN-CHIEF Condo Life Magazine
EMAIL: wayne.karl@nexthome.ca TWITTER: @WayneKarl
+ get social 8 condolife magazine | Mar. 13–Apr. 10, 2021
It’s hard to believe we’re midway through the third month and approaching the end of the first quarter of 2021. Already. It’s a natural signpost, then, to check in to see how the market is progressing. Last issue, we wrote that the year was quickly off to a great start, and that we’d likely be back writing about similarly positive results as the months go by. It didn’t take long at all. The strong numbers and trends continue – despite much of the Greater Golden Horseshoe spending part of the quarter in lockdown or another level of pandemic restriction. And without vaccination rollout yet taking place to the degree we all hoped for by this point. But that’s coming. January was a busy month for the GTA new home market, with 2,171 total sales – up four per cent from January 2020 and 19 per cent above the 10-year average, according to the Building Industry and Land Development Association (BILD). The benchmark price for new single-family homes was $1.36 million, up 24.2 per cent over the last 12 months, and for condos $1.02 million, up 10.4 per cent over the same period. In the resale market, double-digit annual price growth runs throughout the GTA, with stronger rates in the suburbs surrounding Toronto. The Toronto Regional Real Estate Board (TRREB) reports 10,970 sales in February – a 52.5-per-cent increase over February 2020. The condominium segment led the way in the GTA, with a 64-per-cent sales increase. The average selling price in February was up by 14.9 per cent year-overyear to $1.04 million. “The pandemic has not stunted GTA residents’ appetite for owning a home,” says TRREB CEO John DiMichele. “Once the economy opens further and immigration into the GTA resumes, there will be an even greater need for housing supply.” So, extrapolate these trends over the next month, through the normally busy spring season and to the end of this quarter in June – the date by which most Ontarians are expected to receive at least their first dose of the vaccine. Try to think of what the numbers might look like then. Given the fundamentals – strong and growing local economy, expected immigration increases post-pandemic, slow growth in housing supply and demonstrated buyer appetite – it’s easy to foresee what the results might be. The GTA housing market could well spring to life with even higher numbers.
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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 EDITOR-IN-CHIEF – GREATER TORONTO AREA
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
MARKET OUTLOOK | RIZ DHANJI Riz Dhanji is President and Founder of RAD Marketing, an international new home and condo sales and marketing firm based in Toronto. radmarketing.ca
Wayne Karl wayne.karl@nexthome.ca MANAGING EDITOR
Rise Levy CONTRIBUTORS
Jesse Abrams, Michelle Berwick, Debbie Cosic, Riz Dhanji, Barbara Lawlor, Linda Mazur, Lianne McOuat, Ben Myers, Lisa Patel, Lisa Rogers, Jayson Schwarz, Dave Wilkes SENIOR VICE-PRESIDENT, SALES NEXTHOME
Hope McLarnon 416.708.7987, hope.mclarnon@nexthome.ca SENIOR MEDIA CONSULTANTS
Jessica Wilson 416.873.1049, jessica.wilson@nexthome.ca Natalie Chin 416.881.4288, natalie.chin@nexthome.ca DIGITAL SALES MANAGER
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
Amanda Bell VICE-PRESIDENT MARKETING – GTA
Leanne Speers SENIOR CLIENT RELATIONS SPECIALIST – GTA
Sonia Presotto MANAGER CUSTOMER SALES/SERVICE
Marilyn Watling SALES & MARKETING CO-ORDINATORS
Gary Chilvers, Vi Nguyen THE MARKETING EDGE | LIANNE MCOUAT Lianne McOuat is Principal and Partner of advertising agency McOuat Partnership. She is a veteran marketer of more than 1,000 real estate projects and is a passionate believer in using strategic thinking to maximize value and profits for her clients. mcouatpartnership.com
HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA
Josh Rosset DISTRIBUTION
distributionteam@nexthome.ca ACCOUNTING INQUIRIES
accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA
Lauren Reid–Sachs STAT CHAT | BEN MYERS Ben Myers is President of Bullpen Consulting. Ben provides pricing recommendation, product mix, and valuation studies on new residential housing developments for builders, lenders and property owners. bullpenconsutling.ca
VICE-PRESIDENT PRODUCTION – GTA
Lisa Kelly PRODUCTION MANAGER – GTA
Yvonne Poon GRAPHIC DESIGNER & ASSISTANT MANAGER
Alicesa Pullan GRAPHIC DESIGNER & PRE-PRESS COORDINATOR
Hannah Yarkony GRAPHIC DESIGNERS
REAL INSIGHT | LISA PATEL Lisa Patel is President of the Toronto Regional Real Estate Board, a professional association that represents 54,500 professional realtor members in the Greater Toronto Area. You can contact her at trebpres@trebnet.com. trreb.ca
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
10 condolife magazine | Mar. 13–Apr. 10, 2021
Johannah Lorenzo, Mike Terentiev, Alice Wu Published by
nexthome.ca Advertising Call 1.866.532.2588 for rates and information. Fax: 1.888.861.5038 Circulation Highly targeted, free distribution network aimed at real estate buyers using street level boxes, racking and Toronto Star in-home delivery. Canadian subscriptions 1 year = 13 issues – $70 (inc. HST). Canada Post – Canadian Publications Mail Sales Product Agreement 40065416. Copyright 2021 All rights reserved. All copyright and other intellectual property rights in the contents hereof are the property of NextHome, and not that of the individual client. The customer has purchased the right of reproduction in NextHome and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of NextHome. Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time. Editorial Submissions from interested parties will be considered. Please submit to the editor at editorial@nexthome.ca.
KINGSTON ROAD EXTERIOR
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ACTUAL VIEW FROM ROOFTOP TERRACE
NATURE AND CITY. EXPERIENCE THE BEST OF BOTH. Welcome to Perch. Overlooking the verdant Highland Creek, with its spectacularly spacious suites, breathtaking views, and inspired amenities, Perch offers the best of ravine-side living right here in the city. PRICED FROM THE HIGH $400’S FEATURING: • Ravine-side living • Unobstructed views to the west; great lake view to the east • Close to Guildwood GO, Rouge Hill GO and future Eglinton LRT • Minutes from UofT Scarborough Campus and Centennial College • Surrounded by over 600 km of parks and trails To book your private virtual or in-person appointment, please contact a sales representative at 416.724.8888 or email info@perchcondos.com
YOUR LIFE. YOUR STAGE. MORNINGSIDE AVE.
perchcondos.com / 416.724.8888
**Please note, due to the current situation with the COVID-19 virus, our sales office will be open by appointment ONLY. Video conferencing options also available. Please contact us at 416.724.8888 with any inquiries. “Perch”, is a trade-mark of Firmland Developments Corporation and is used under license. Reproduction in any form, without prior written permission of Firmland, is strictly prohibited. Pricing, specs and availability subject to change without notice. E.&O.E. Exclusive Agent: Milborne Real Estate Inc. Brokers Protected. Illustrations are artist’s impression. *Limited-time offer. Some conditions apply. Please see a Sales Representative for full details.
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nexthome.ca & enjoy these popular stories
PRE-CONSTRUCTION
Three reasons to register your interest for an upcoming project Ever wonder why projects offer early registrations, asking prospective buyers to sign up for more information? You may not realize it, but there are three key reasons you should do it.
NEW CONDO
Lifetime Developments’ new project at Bathurst and Dupont, Oscar Residences is the latest in builder’s impressive list of GTA projects on the go Toronto’s eclectic Annex neighbourhood is about to get a new signature address with Oscar Residences, Lifetime Developments’ latest in an impressive list of projects on the go in the GTA.
INVESTMENT
Condo assignments – what you need to know about HST Thinking of buying a condo and selling your “assignment”? Beware this can be a complex transaction and, if not handled properly, can result in significant losses.
DEVELOPMENT
HOUSING MARKET
In Conversation With... Vince Santino, senior vicepresident of development, Aoyuan Canada Vince Santino, senior vice-president of development at Aoyuan International, discusses the company’s M2M development in North York, and a possible surprise coming this year.
Outlook 2021 – Why it might turn out to be a great year for real estate From a GTA housing perspective, 2020 was actually a strong year that finished on a high note. And there’s some very good reasons why 2021 could also turn out to be a great year for real estate.
Visit or check us out on 12 condolife magazine | Mar. 13–Apr. 10, 2021
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nexthome.ca CondoLifeMagazine
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All prices and specifications are subject to change. Illustrations are artist’s concept. Brokers protected. Exclusive listing of Davie Real Estate Inc. E.&O.E. 2021
IN THE SPOTLIGHT
GTA NEW HOME MARKET SURGES
ALONG IN JANUARY The GTA new home market saw another busy month in January, the Building Industry and Land Development Association (BILD) reports, with 2,171 total new home sales, up four per cent from January 2020 and 19 per cent above the 10year average. “The 2021 new home market has started the year where it left off in 2020, with strong demand continuing for single-family homes and fewer new condominium apartment openings, which impacted condominium sales volumes,” says Ryan Wyse, manager of analytics, Data Solutions, at Altus Group, BILD’s official source for new home market intelligence. “January is typically one of the quieter months of the year, and given the ongoing pandemic and uncertainty, it’s not surprising to see few new project openings this early in the year.” Sales of new single-family homes, including detached, linked and semidetached houses and townhouses (excluding stacked townhouses), with 1,506 units sold, were up 51 per cent from last January and 66 per cent above the 10-year average. It was the highest number of new single-family homes sold in January since 2006.
Condominiums, including units in low-, medium and highrise buildings, stacked townhouses and loft units, accounted for 665 new home sales in January. This is down 39 per cent from January 2020 and 28 per cent below the 10-year average. With few projects launching in January, as is common for the time of year, remaining inventory decreased compared to the previous month, to 12,774 units. Remaining inventory includes units in preconstruction projects, in projects currently under construction, and in completed buildings. “Between the effects of the
pandemic and the typical seasonal slow-down of new product launches, January’s remaining inventory was the lowest we’ve seen since January 2018,” says Dave Wilkes, BILD president and CEO. “Though much remains uncertain with the pandemic, industry and government must stay focused on increasing housing supply to bring balance to the GTA housing market.” In January, the benchmark price for new single-family homes was $1.36 million, up 24.2 per cent over the last 12 months, while new condo prices rose 10.4 per cent to $1.02 million.
JANUARY NEW HOME SALES BY MUNICIPALITY CONDOMINIUM UNITS
The One Stop Shop for Builder Storytelling mcouatpartnership.com
REGION
2021
2020
2019
Durham
39
27
26
Halton
94
52
SINGLE-FAMILY HOMES 2021
TOTAL
2020
2019
2021
2020
2019
683
153
48
722
180
74
24
136
190
253
230
242
277
Peel
75
94
132
130
201
80
205
295
212
Toronto
367
634
537
23
16
4
390
650
541
York
90
275
57
534
437
53
624
712
110
GTA
665
1,082
776
1,506
997
438
2,171
2,079
1,214
SOURCE: ALTUS GROUP
14 condolife magazine | Mar. 13–Apr. 10, 2021
IN THE SPOTLIGHT
GTA HOME AND CONDO SALES REACH NEW HEIGHTS IN FEBRUARY
Record home sales in the Greater Toronto Area continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs, according to the latest data from the Toronto Regional Real Estate Board (TRREB). Double-digit annualized price growth was the norm throughout the GTA, with stronger rates of increase in the suburbs surrounding Toronto. GTA realtors reported 10,970 sales in February – a 52.5 per cent increase compared to 7,193 sales reported in February 2020. The condominium segment led the way with a 64-per-cent sales increase compared to last year, with similar rates of increase in the 416 and 905 area codes. “It’s clear that the historic demand for housing experienced in the second half of last year has carried forward into the first quarter of this year, with some similar themes, including the continued popularity of suburban lowrise properties,” says TRREB President Lisa Patel. “It’s also evident that the supply of listings is not keeping up with demand, which could present an even larger problem once population growth picks up following widespread vaccinations later this year and into 2022.”
The average selling price was up by 14.9 per cent year-over-year in February to $1.04 million. While market conditions were tight throughout the GTA region, the detached, semidetached and townhouse segments in suburban areas were the drivers of average price growth, with annual rates of increase above 20 per cent in all three cases. “In the absence of a marked uptick in inventory, the current relationship between demand and supply supports continued doubledigit average home price growth this year,” says TRREB Chief Market Analyst Jason Mercer. “In addition, if we continue to see growth in condo sales outstrip growth in new condo listings in Toronto, renewed price
growth in this market segment is a distinct possibility in the second half of the year.” “The pandemic has not stunted GTA residents’ appetite for owning a home,” adds TRREB CEO John DiMichele. “Once the economy opens further and immigration into the GTA resumes, there will be an even greater need for housing supply. Understandably, COVID-19 has been front and centre for policymakers. However, it will be important to build upon the proactive work already started by local and provincial governments to promote the development of a more diverse and affordable housing supply in our region.”
GTA RESALE AVERAGE PRICES, FEBRUARY 2021 (YR/YR % CHANGE)
Detached Semi-detached Townhome Condo
416
905
Total
$1.68M (13.2)
$1.30M (27.8)
$1.37M (23.1)
$1.32M (9.7)
$932,551 (25.6)
$1.05M (20.3)
$913,037 (7.8)
$845,518 (20.3)
$858,025 (17.3)
$676,837 (-6.4)
$563,587 (5.4)
$642,346 (-3.7) SOURCE: TRREB
nexthome.ca | myhomepage.ca 15
In the spotlIght
2150 LAKE SHORE PROPOSAL TAKES ANOTHER STEP The redevelopment plan for the former Christie’s bakery site at 2150 Lake Shore Boulevard and Park Lawn Road in South Etobicoke took another important step recently when land owner First Capital Realty submitted a re-application to the City of Toronto. This is set to be a pivotal year for 2150 Lake Shore, with many parts of the Master Plan evolving from idea to reality, the company says. First Capital has announced that Allies & Morrison and Adamson
Associates Architects will lead the design work for Phase 1 of the development at 2150 Lake Shore. The company has also made some key changes to the 2150 Lake Shore Master Plan, based on its reapplication to the City. These include expanding park and public space and relocating the historic Christie tower to Station Square, a central area in the development. The 28-acre site calls for 15 new residential and office towers, from 16
to 70 storeys, new parks and public spaces and employment. The 2150 Lake Shore redevelopment is to be completed in multiple phases with new public and private streets, a new public park, and two squares, residential, commercial, retail and institutional uses. The proposal includes a total of 7,139 residential units and 4,425 parking spaces. 2150lakeshore.com
MCOUAT PARTNERSHIP WINS BUSINESS EMPLOYER OF EXCELLENCE AWARD McOuat Partnership was recently named the recipient of the Markham Board of Trade (MBT) Business Employer of Excellence Award, which recognizes a company for its ability to foster an inclusive culture that attracts, nourishes and retains top notch talent. Accepting the award virtually on behalf of the company was Craig McOuat, president of McOuat Partnership. “At McOuat Partnership, we truly believe our staff is an extension of our family. We have always been committed to keeping
employees productive, safe and healthy, even more so during this pandemic, which makes this award especially meaningful this year.” Over the past year, McOuat Partnership implemented several strategies to help employees stay connected and engaged. Some of these practices include frequent check-in calls, organized activities for employees’ children, surprise lunch and birthday cake deliveries to each staff’s residences and virtual
events celebrating special occasions. The thoughtful efforts proved so successful that the staff bought a commemorative plaque to thank management for helping them through this challenging time. “I ensure this award will only double our efforts to continue to provide a work culture that nurtures, recognizes and rewards our staff’s excellence as we continue to invest in their future at McOuat Partnership,” says McOuat.
McOuat Partnership President Craig McOuat accepts the award win for Business Employer of Excellence, presented by the Markham Board of Trade.
16 condolife magazine | Mar. 13–Apr. 10, 2021
IN THE SPOTLIGHT
VANDYK TO TRANSFORM MIMICO TRIANGLE WITH GRAND CENTRAL MIMICO Vandyk Properties has unveiled additional details on the transformational Grand Central Mimico project – a new, masterplanned, transit-tailored community located in the Mimico Triangle in South Etobicoke. Recognized as a priority “regeneration area” by the City of Toronto, the Mimico Triangle is strategically positioned in proximity to many of Toronto’s major arterials, including the Gardiner Expressway, The Queensway and Lake Shore Boulevard. Vandyk has begun the masterplanning of this area as majority owners in this new district through Grand Central Mimico. The transformational project will encompass more than two million sq. ft. of mixed-use development that spans over four city blocks and nine proposed towers, anchored by more than 1.85 million sq. ft. of new residential living and 200,000 sq. ft. of commercial and employment opportunities. As a regeneration area and a new master-planned neighbourhood, the provincial and municipal commitment to promote significant investment and intensification in the area presents a unique opportunity for end-users and investors alike. Identifying the potential of urban growth and infrastructure is what initially piqued Vandyk’s interest in revitalizing the 55-acre Mimico Triangle. One of Toronto’s most prominent waterfront landmarks, The Humber Bay Arch Bridge, provides pedestrian and cyclist access between Mimico and the High Park neighbourhood in Old Toronto. Mimico’s Royal York Road is known
for its charming shops, authentic character, artisan foods, and cafe culture – all within walking distance from Grand Central Mimico. The vision is to create a transitoriented community that supports a vibrant public realm while seamlessly redefining conventional understanding of Toronto’s geography with its immediate connectivity to an upgraded Lakeshore West GO line and the planned Ontario Line currently underway. With Vandyk Properties as the majority landowner in the area, it allows for the team and its partners to create a cohesive, new urban experience. Key improvements in the surrounding area include the creation of the future 1.25-km Greenway, a multi-use path along the rail corridor with a new pedestrian bridge overpass, as well as new and expanded commuter parking facilities and a new pedestrian pickup and drop-off area for Mimico GO Transit riders, and a new 12-acre active sports field currently under construction by the City of Toronto. The Buckingham, the first condominium in the Grand Central Mimico District, will include 751 condominium units with a variety of different unit styles appealing to
nearly all buyer demographics spread; approximately 20,000 sq. ft. of retail space, to be anchored by an urban grocery store and restaurants; and approximately 30,000 sq. ft. of office space. The commercial components will be in the podium below the residences. Units at The Buckingham will begin in the $400,000s. The second and third phases of the project will also be mixed-use, primarily residential, with 2,500 additional units and a new Mimico GO Transit station. Vandyk Properties anticipates the opening of the Experience Centre for spring 2021 to launch condo sales. vandyk.com
52pick-up.com
nexthome.ca | myhomepage.ca 17
ADVICE | STAT CHAT
WHY HAVE ALL THE PREDICTIONS ABOUT TORONTO’S HOUSING MARKET
BEEN WRONG?
BEN MYERS
In 2011, there were about 28,000 new condominium apartment sales in the Greater Toronto Area (GTA), smashing the previous record high. For years all we heard from the media was that Toronto was overbuilding condos, and that eventually the oversupply would drive down prices. That didn’t occur. Strike 1. What we also heard repeatedly was that investors would sell off their units at the first sign of soft sales, flooding the market with listings, and driving values down. In 2013, the new condo market was experiencing much slower absorption, there was no massive sell off by investors in the resale market or via assignments. Strike 2. There were numerous articles warning of rampant speculation in the new condo market in 2015, socalled experts were positive that new home product was way overvalued. Pundits claimed as soon as capital appreciation slowed, the market would be doomed. Well, new and resale condo prices hardly grew in 2015, and rents were flat. People kept buying and prices continued to increase in 2016. Strike 3. To continue the baseball analogy, the market bears, having struck out, are now screaming from the dugout about foreign buyers. The condo market was being propped up by offshore capital. If a tax was implemented on non-Canadian buyers in Toronto, the market would
18 condolife magazine | Mar. 13–Apr. 10, 2021
tank. In April of 2017 a new tax on non-residents was implemented. The market didn’t sink; in fact, there was a new record high of 35,000 new condo sales and the highest annual price growth in nearly 30 years. Despite their terrible predictions, many of these folks continue to be quoted on a regular basis and interviewed on TV. In 2018, these people again yelled, pre-construction housing is a terrible investment. New condo prices went up that year, and they went up in 2019, too. Last year we all know what happened – a global pandemic rocked everyone’s world. The head of CMHC came out and predicted that house prices in Canada would drop nine to 18 per cent over the next year and a half. Not to pat myself on the back, but I said in March of 2020 that by September 2020, the GTA would be experiencing record resale housing transactions. And wow, was CMHC wrong, spectacularly wrong, in fact. Canadians working from home and educating from home decided they needed more space and started buying bigger houses. The Bank of Canada worried about business investment, lowered the overnight rate, and announced that interest rates would be kept low. People in the GTA that had not lost their jobs, were not spending their money on vacations, concerts, movie nights, restaurants, fancy clothes, gas, new cars, parties and more. They decided to put those savings towards a new property, and take advantage of the rock bottom borrowing costs. Since September, we’ve continued to see record or near-record
monthly transaction activity in the GTA freehold housing market, with the condominium market now hot again, as well. In terms of my consulting practice, I’ve been as busy as ever. Developers are still buying property, still planning future large-scale developments, and still planning on launching projects in 2021. The party has to end sometime, but be weary of the people who are convinced they know when that will be. Trying to time the market is a fool’s game. If you’re buying for investment or personal use, buy for the long term. Even if you think this is the “peak” – there will be another peak down the road, that’s the only thing I am completely sure about. Good luck. 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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SOPHISTICATED CONDO LIVING
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ADVICE | CONDO PRO
CONDO SHOPPING TIPS FOR DURING AND AFTER THE PANDEMIC
BARBARA LAWLOR
For the past year, real estate sales – including for new condominiums – in Toronto and the Greater Toronto Area have been robust, despite the challenges of the pandemic. Real estate was deemed an essential service, and rightly so. People need places to live, and changes in life circumstances dictate selling and moving to different accommodations. It is likely, however, that many potential purchasers have stayed at home and watched the market, waiting to make their move when things are back to normal. Until the pandemic is finally behind us, we are accommodating a “new normal.” People are embracing technology en masse by viewing condominiums, communities and suites online. They can connect with sales representatives by phone and email, and they can even conduct their purchase and sign on the dotted line electronically. I urge anyone who is hesitating to keep an open mind when it comes to technology. Here are a couple of tips for making the most of your purchase during the pandemic – or any time. • Call sales offices before showing up to make sure they are open and whether you need an appointment to visit. As we gravitate from lockdown to more open levels, opening opportunities may vary. • Most of those who buy early in the selling process make their final decisions based on floorplans. Learn to read floorplans and
20 condolife magazine | Mar. 13–Apr. 10, 2021
visualize the finished residences. Floorplans include symbols and abbreviations to help you envision yourself in the various designs. Builders may differ in style when rendering the layouts, but there are some conventions used by most. • The floorplan will feature the overall square footage of the interior, and sometimes the area of a balcony or terrace, plus a key plate in the corner with a shaded area indicating where it is in the building. • Room dimensions typically list width first, with arrows showing which wall to which wall. • Thicker wall lines mean that electrical, plumbing or structural elements are contained within, meaning they cannot be moved. • Door icons depict how the door swings. Sliding doors are shown with overlapping lines. • If a floor space area is blank, this could indicate carpeting, but best to check with the sales representative. Parallel lines are probably hardwood or laminate. Squares likely mean ceramic tile or other stone flooring. • In the kitchen, four round circles within a square indicate the stove. A dotted line likely shows where the dishwasher will go.
• In the laundry area, W/D is the abbreviation for washer/dryer, usually stacked in a condo. LIN means linen closet. • In the bathrooms, the drawings are clear as to where the sink, toilet, tub and/or shower are located. • In the bedrooms, WIC stands for walk-in closet. My advice is to ask your sales representative to explain anything about a condominium and its purchase that is not clear. The better informed you are, the happier you will be with your condo in the long run. One thing we have learned – a pandemic cannot keep our industry or new home and condo shoppers down. 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. Having received numerous awards and accolades, she is an in-demand columnist and speaker well respected for her impactful industry voice.
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Join us in planting 2 million trees near the 401 Highway of Heroes in honour of the Canadian men and women who served during times of war, and the 117,000 who sacrificed their lives.
If you have a hectare or more of land, within 15km of the Highway of Heroes (401 from Trenton to Toronto), you may be eligible to plant trees for as little as 10 cents/tree. Trees add value to your property. They act as natural wind and snow breaks while mitigating the effects of climate change, cleaning and cooling the air, and maintaining water.
For more information contact April Stevenson - 1.844.277.HERO (4376) - april@hohtribute.ca & visit hohtribute.ca/plp
ADVICE | THE MARKETING EDGE
6 BUYER PROFILES DRIVE TODAY’S HOUSING MARKET
LIANNE MCOUAT
This is a story about love and investment in the Greater Golden Horseshoe, where the wind rolls in from the west over Hamilton Mountain and twists its way through the towers and tracts of Burlington and Brampton and Mississauga. It carries with it the hopes of homebuyers, tracing the highways and following the GO train out to the smaller towns and villages where prices settle a little closer to the ground, and that golden dream can take root. It’s been the same story for decades – demand outstrips supply. But now, there’s a change in the wind. A year of pandemic will do that, and the golden dream has been misted over by the fog that our facemasks bring to rose coloured glasses. This market is different. Who are today’s buyers? What is driving them? How do we meet their needs? Right now, there are six distinct buyer profiles driving the market (not just investors), and each is worth investigating: CONDO ESCAPERS
These are singles or couples who feel trapped in their boxes in the sky and can’t leave their apartments without passing through common areas and touching elevator buttons. The pandemic has made them rethink whether being within walking distance of their favourite cafe is really worth the high cost of city 22 condolife magazine | Mar. 13–Apr. 10, 2021
living. Working from home affords the opportunity to buy in more affordable options such as Oshawa, Kitchener-Waterloo, Hamilton or Barrie, and commute into the city a few days a week. We have seen interest and sales quadruple in sites outside the city, and many of those buyers are leaving their condos. HOME HATERS
These are families who have been stuck 24/7 in a home that just doesn’t work for their needs. Everything they disliked about their home has been in their face day after day. These are buyers who have been making their dream home list and cannot wait to get out looking at new-home options. MARRIAGE BREAKERS
The pandemic has been difficult on relationships. Spending all day, every day together can be the last straw for some marriages, and divorce and separation are trending up. For the real estate industry, a divorce can mean three transactions. BABY-MAKERS
Love and marriage have always been the prime drivers of new-home sales. Starting with first homes, to moving up to more bedrooms to accommodate a growing family, this is a needs-based purchase that even a pandemic can’t slow. Luckily, there has been extra time for baby-making this past year, so look for a boom late in mid 2021 for this group. BABY BOOMERS
Boomers are planning for retirement, or have already retired, and they have incredible equity in their
homes that protects them against any possible price fluctuations. We’ve been waiting for years for this buying group to make the big move, and right now, they want more space around them and more life in their lifestyle. THE ‘DESPERATI’
These are the people who need to buy a home, not just want to. They either have to downsize for financial reasons or have already sold their home and need a place to move. Right now, the resale market and builders with inventory are benefiting from these buyers. Keep in mind that with each of these buying groups, the sales cycle is going to increase. We have had it good in the GTA market for many years, with relatively short time between when buyers begin their search and when they actually purchase. But today, with job uncertainty and the limitations of lockdowns, the groundwork is being laid for them to make this decision when they’re ready. And they will be ready, because the golden dream is still there.
Lianne McOuat is Principal and Partner of ad agency McOuat Partnership. She is a veteran marketer of more than 1,000 real estate projects and is a passionate believer in using strategic thinking to maximize value and profits for her clients. mcouatpartnership.com
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Listen in!
Be sure to listen in to the Humble and Fred Podcast! Throughout MARCH-MAY 2021, we have category exclusivity on HUMBLE AND FRED RADIO SHOW which receives extensive signal reach into Southern Ontario.
We’re promoting our magazines to listeners to help them find the right new home or condo!
#InsidetheGTA by SUSAN LEGGE
GTA
CANDEREL Photo: ADHOC Studio
CANDEREL is bringing new upscale residences to the sought-after Bayview Village neighbourhood with the launch of Bayview at The Village. Located along Sheppard Avenue, the seven-storey building features a high-contrast facade with a black and white rectilinear pattern. Urban Town units are also planned with private front gardens facing Greenbriar Road, and traditional townhomes will surround a new park. Bayview at The Village suites are priced from the mid $400,000s and towns from $1 million. canderelbv.com
5 things you need to know about Toronto’s upcoming performance venue What’s the scoop on Toronto’s newest entertainment venue? OverActive Media confirmed details of its highly anticipated $500-million performance venue — which includes a theatre-style entertainment space and hotel complex. As the first new sports or entertainment venue to be built in Toronto since BMO Field in 2007, here’s what you need to know.
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Where is it?
How many people can it hold?
When will construction be finished?
Who is Populous?
What kind of events will it host?
On the CNE Grounds. Occupying four acres on the north side of Lake Shore Blvd., the venue is to be located across from the old Ontario Place lands
The 7,000-seat space is designed to welcome a “new generation of fans” for a variety of entertainment experiences
24 condolife magazine | Mar. 13–Apr. 10, 2021
It’s scheduled to be completed by 2025
Populous is a global design firm. It has designed venues such as Yankee Stadium, and for London Olympics, and Super Bowl
The facility plans to host 200plus events a year, including music and entertainment bookings, corporate events and product launches, awards shows and a full slate of esports events
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DID YOU KNOW?
Owen Sound has officially claimed the title of Work from Home Capital of Canada by copyrighting this sentiment. workfromhomecapitalofcanada.ca
Bauhaus Condos coming soon! Lamb Development Corp’s latest project, Bauhaus Condos, is coming soon to 284 King St. E. on Toronto’s lower east side. Inspired by Bauhaus design, the most influential modernist art school of the 20th century, the condo’s sleek, simple and elegant design is evident inside and out. With 218 suites planned for the 32-storey building, the interiors will feature nine-ft. ceilings in all principal rooms and exposed concrete walls. bauhaustoronto.com
Photo: ELAD Canada
New release of suites at Galleria on the Park Dufferin and Dupont is undergoing a massive regeneration, and Galleria on the Park is part of it. Now under construction, the builder, ELAD Canada, has just released 60 new suites with Galleria 01 and 02, ranging from studios to three-bedrooms. These suites feature terraces or balconies and are located
on higher floors that were previously held back or sold out in other releases at this location. Plans for the Galleria on the Park community include cycling lanes, a park expansion to nearly eight acres and doubling the size of the community centre to 95,000 sq. ft. galleriaonthepark.com
Found art
This sculpture garden, which was posted as a “where is this?” piece in our last issue, can be viewed behind Bridgepoint Hospital, at 1 Bridgepoint Dr., at Broadview and Gerrard St. E. Although hidden from view, you can walk around the building to check it out for yourself. Installed in 2015, the 20 life-size sculptures were designed by iconic Canadian artist William Lishman, who passed away in 2017. The sculptures were a gift to the hospital from the Tauba and Solomon
Spiro Foundation and were originally designed in memory of businessman Max Tannenbaum, who built a business empire in steel and construction, and along with his wife Anne, were notable philanthropists in Toronto. Outdoor public art exists all over the GTA. In the city of Toronto, art installations are often the direct result of the City working with the private sector to secure public art contributions through channels such as development review, official plan amendments and re-zonings. nexthome.ca | myhomepage.ca 25
COVER STORY
THE AMBROSE CONDOS BOUTIQUE CONDOMINIUM FOCUSED ON THOUGHTFUL AMENITIES AND AFFORDABLE LUXURY LIVING The Ambrose Condos is a 10-storey boutique condominium launching this spring 2021 in Brantford. Developed by Elite Developments and designed by renowned SRM Architects Inc., the 198-unit residence features suites with spacious floorplans and expansive balconies and terraces. The Ambrose is conveniently located within proximity to transportation, universities, parks, trails, rivers, beaches, shops and restaurants. “With affordable pricing starting from the $300,000s, this development offers an incredible opportunity to have a higher quality of life, for a 26 condolife magazine | Mar. 13–Apr. 10, 2021
fraction of the cost in the GTA,” says Kim Kopyl, vice-president of sales and marketing at Elite Developments. “Southwestern Ontario recently experienced the largest increase in sales in 2020, as people began working from home and relocating. The overall importance of a home has changed. Having more interior and exterior space with thoughtful amenities is no longer a need of homebuyers but a requirement. The Ambrose delivers on this.” Brantford has been rated the sixth best city to live in Canada, the top city to buy real estate in Canada, and
number one in student satisfaction at Laurier University. The student population will increase by 250 per cent over the next five years, and Brantford has shown a 102-per-cent home price increase since 2010. All indicators of an incredible location for investment and to live with easy commutes to nearby large cities. Brantford is a historical city ignited by innovation, filled with art galleries and museums. Natural greenspaces are right at your fingertips. Enjoy weekends at the Brant Conservation Area and canoeing down the Grand River. With the Brantford-Cambridge
Trails running along the Grand River, you will have access to 77 kms of the best hiking and biking trails in Ontario. Within the development, thoughtfully curated amenities await. These amenities are convenient, functional and practical with longevity designed into the process. “Elite offers next-level amenities throughout all our communities,” says Kopyl. “The design process is conceptualized from our core values of build it right, or don’t build it at all.” The Ambrose features a contemporary lobby enveloping its exterior surroundings, highlighting neutral palettes of natural elements of stone, water and fire. A beautiful, serene space to welcome you and your guests home. A living-green focal wall can be appreciated upon entering the lobby, providing filtered oxygen. Additional greenspaces, complementing the exterior of the property encompass a community garden with garden plots, a seasonal sports field to be used for soccer, and as a rink during the Canadian winter months for family skating and playing hockey. A state-of-the-art indoor fitness facility features cardio stations with Peloton bikes, cross fit, freeweights, universal equipment and a water refill station. For the outdoor enthusiast, the Ambrose offers a convenient and dedicated outdoor fitness area, featuring an outdoor running-track, yoga area and outdoor calisthenics equipment located on the terrace surrounded by greenery. A spectacular party room boasts a chef’s kitchen, indoor dining, games area and an outdoor patio with barbecue niches, lounge and outdoor dining. The Ambrose also takes fourlegged family members into account with a convenient off-leash dog park and pet wash area. The Connectivity Lounge provides a safe space for students, entrepreneurs, and empty nesters to work and connect in. There are private individualized workspaces highlighted by an abundance of natural light coming in from the adjacent terrace. This amenity space
nexthome.ca | myhomepage.ca 27
is filled with the latest technology, so residents can study together, host Zoom meetings or Skype with family members while enjoying a latte at the coffee bar. Feel free to enjoy the fresh air while surfing the net on the outdoor terrace. Other amenities include a socially distanced movie theatre, expanded parcel room, bicycle maintenance room, locker storage areas and electric vehicle charging stations. Suites at The Ambrose range in size from 450 to 1,000 sq. ft. Available floorplans include a collection of spacious one- and two-bedroom units with open-concept layouts, functional living spaces, expansive outdoor spaces, impressive standard finishes and stunning standard colour palettes designed by Raphael Gomes Interiors. Elite Developments has built its foundation with 50 years of combined building experience. The company has attained a reputation for delivering premier residential and
28 condolife magazine | Mar. 13–Apr. 10, 2021
commercial properties throughout Ontario. Elite acquires locations for communities to improve quality of life. It focuses on providing homes with thoughtful amenities, spacious layouts, health and wellness, and leading innovative features throughout. This reflective precision is executed by a passionate dream team of experienced professionals specializing in real estate, who deliver homes that are affordable and enjoyable, while maximizing value for investments in real estate. “We respect the surrounding landscapes and build homes that complement existing environments, while our team choreographs a premier lifestyle for our homeowners,” says Kopyl. “We build every home as if we would live in it ourselves.” “There is a lot of time given to ensure we deliver a sustainable product for the future, anticipating the needs of our homebuyers,” says Sam Sakhi, president of Elite
Developments. “We understand the importance of a home and look forward to building communities of excellence, with convenient amenities, surrounded by nature.” Stay tuned for Elite’s exciting upcoming launches: Woodland Country Estates in Hagersville; Electric Avenue and Steeltown in Hamilton; 88 James in St. Catharine’s; Sage Smart Towns in Dundas; White Oaks in London; Meadowlands in Ancaster; The Riverview in Caledonia; Station Sixty Lofts in Brantford; The Fonthill in Peham; L’eau in Niagara; and Victory Tower in Vaughan. “Our passion in real estate is evident by delivering superior quality, leading-edge designs and wellness derived homes,” says Hamid Hakimi, CEO of Elite Developments. “We build homes inspired by you, with innovative living for life.” Register now for any community at elitemdgroup.com.
ADVICE | LEGALLY SPEAKING
BUYING AND SELLING A HOME THE SAME DAY A RECIPE FOR DISASTER JAYSON SCHWARZ, LLM AND HAMZA AHMAD, JD
One of the most common questions our clients ask is, “When will I get the keys to my new home?” If the transaction is a typical purchase, our answer will be “Most likely by 6 p.m.” But when someone is selling a home to buy a new one, and the closing dates of both transactions are the same day, our answer may be lengthier and more qualified. A standard Agreement of Purchase and Sale (“Agreement”) allows a purchaser until 6 p.m. on the date of closing to fulfill their obligations to purchase the home. On a typical
residential transaction, the purchaser’s lender will send mortgage funds to the purchaser’s lawyer, who will then send the full amount required to purchase the property to the seller’s lawyer. After the transfer of funds, a Transfer will be registered to legally convey the property to the purchaser. Most funds are transferred by wire transfer, most of which occur almost instantly, but some can take several hours. If you are selling one home to buy another, you will be at the mercy of the purchaser, their lender, lawyer and the timing of multiple wire transfers. If your sale closes before the 6 p.m. deadline, we then need to take all the same steps above to complete your purchase. In a perfect world, it all fits together. But our world is not perfect. Your lawyer may be ready and fully prepared, but for some reason the purchaser of your old home causes an inordinate delay – and that purchaser has no obligation to get you the funds early enough to close your new home. If we receive funds from your purchase too late in the day (for example, 5:50 p.m.), we may not be able to complete the transfer of funds required to complete your purchase (bank wires are touchy after 4 p.m.). At this point, you have moved out with all your belongings in a moving truck, and you have no new home to move into. At the very least, you are left scrambling at the last second to find a spot to park your moving truck. And worse, where will you, the kids and dog sleep? Technically, if you couldn’t close by 6 p.m., you have breached your purchase contract, even though
you did nothing wrong. Most sellers will allow an extension to the next business day. Many will ask you to pay any legal fees or other costs they incur. At worst, the seller can note you in breach of contract, terminate the agreement, take your deposit and leave you with no new home. HOW TO AVOID TIMING ISSUES ON CLOSING
1. Be prepared! The Boy Scouts had it right. Have a back-up plan in place, in case everything goes sideways. 2. Almost every institutional lender provides bridge financing. This allows you to buy a new home before selling your current home by giving you a temporary loan, in addition to your mortgage, to be paid back on the sale of your home. Get a bridge loan and close your purchase first. 3. If that doesn’t work, arrange for your goods to be picked up and held overnight and close the sale first. Most often, things work out, although the stress can be quite concerning. Get the right lawyer who understands your needs and works with you to try and meet them. Good luck and happy home hunting.
Jayson Schwarz, LLM, is senior partner, and Hamza Ahmad, JD, is an associate at Schwarz Law Partners LLP, a real estate and business law firm. schwarzlaw.ca, info@schwarzlaw.ca
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nexthome.ca | myhomepage.ca 29
IN CONVERSATION WITH...
BRIAN BROWN PRINCIPAL, LIFETIME DEVELOPMENTS BY WAYNE KARL
Toronto boasts one of the most expansive condo markets anywhere, with an excellent location, innumerable distinct and developing neighbourhoods, strong economic fundamentals and an ever-growing population. Catering to this demand are builders such as Lifetime Developments, which has excelled at delivering signature projects all over the city, blending perfectly within their local areas. And with some pretty cool building names, to boot. We spoke with Brian Brown for his insights on why he’s “all in” on Toronto, some of the company’s community initiatives, and what he plans to do when the pandemic is over. In our Outlook 2021 Special Report, you talked about how positive your outlook for Toronto in 2021 was. What, if anything, has changed from that view, positive or otherwise, in the couple months that have passed? I am still very optimistic about 2021 and beyond. There are several factors that will help drive us in the right direction, including vaccine distribution, low interest rates, very strong immigration permissions and a general excitement for life to return to normal. It’s almost like waking the bear that has been in hibernation for the winter, but on a much grander scale. People want to get back to living life once again, and for making up for lost time as a result of the rolling lockdowns that we have had to follow. We have already seen signs of this with the first few preconstruction condo launches already happening in February and having great success.
30 condolife magazine | Mar. 13–Apr. 10, 2021
Oscar Residences
How has the initial response been to the launch of Oscar Residences? People are genuinely very excited for this project. We have been talking about it for a number of years already and if not for the pandemic, we would have brought it to market last year. The Annex is a highly regarded, vibrant and eclectic neighbourhood in Toronto, and this particular strip on Dupont Street between Bathurst and Spadina is undergoing some incredible changes, with several new developments already under construction. A major injection of capital by both these developments and the City will make this street even better and will be incredibly attractive for residents. Who is the primary buyer demographic? I note there’s a good mix of suite sizes and types… What is amazing about this project is that it is an attractive place to live for a very broad demographic. The Annex is one of the most soughtafter neighbourhoods in the city, and
it can be a very expensive place to live if you want to buy a home. With Oscar, we are making the Annex more accessible by offering a range of suite sizes that cater to of all ages and all stages of life. Whether you are buying to live here or as an investment to rent to someone else, Oscar will be a great opportunity. Oscar is in the Annex, quite a special neighbourhood in Toronto. How was the development approvals process? What kind of feedback from neighbourhood residents or the City helped shape the project? It was a very collaborative process between a group of developers, the City and the neighbourhood. This strip of Dupont Street was really master-planned, in the sense that we were all approved together, which rarely happens in Toronto. And given that it’s part of the Annex, being a very stable and attractive lowrise community, a boutique style building was the best fit. From a liveability standpoint, a nine-storey building
with only 155 suites has many advantages, too, including a more intimate lifestyle. What will be some of the signature features at Oscar… and what’s the origin of the name? We have some very exciting strategic partnership announcements coming in the next few months that will really change our industry and set a standard of what to expect in new developments. As much as we want to say that life will be returning to the way that it was pre-pandemic, it has really forced us to pause, look at how we live and determine what is most important to us. A big part of that is prioritizing our health and fitness. As for the Oscar name, aside from it being a name that I really like, we chose it because of our artistic partnership in this project with George Pimentel. He is a worldrenowned Canadian photographer who is best known for his celebrity photography at all the major Hollywood events, including TIFF and the Oscars. Pimentel’s photography
nexthome.ca | myhomepage.ca 31
will be used throughout the common areas and amenity spaces in Oscar. At some of your other projects underway in Toronto, you’re offering some pretty enticing incentives. Is that to address any apprehension among buyers in these still-pandemic times, or to sell remaining inventory, or…? We consider ourselves to be very fortunate in the sense that all of our projects are 90 to 95 per cent sold. We do have some incredible incentives and it’s a great opportunity to buy in some great buildings that are nearing completion. Whitehaus started occupancies in January, and Panda and Liberty Market Tower will begin welcoming residents at the end of the year. It’s an exciting time. How have prospective buyers responded? From our continued sales in our projects under construction to just watching the market and seeing how new launches have garnered great attention, we believe buyer confidence is very high and will continue to be for the foreseeable future. You recently mentioned Lifetime has been working on applications for a number of other projects to be announced shortly. What can you tell us about those?
Liberty Market
We have an incredible pipeline of projects that are at different stages of their approval process, and they will keep us very busy in the coming years. We have always focused on finding developments in amazing locations, and I’m looking forward to bringing new developments to market in the Yonge and Eglinton, Yonge and St. Clair, River and
Dundas, Portland and Wellington neighbourhoods. We also have another development immediately south of the CN Tower in Toronto and a multi-tower development in Markham at Hwy. 7 and Warden Avenue called Panda Markham.
lifetimedevelopments.com
on a personal note How have you coped or managed during the COVID restrictions… taken up any new hobbies or acquired any new skills…? It has been tough not being able to spend quality time with my extended family and closest friends. Celebrating birthdays and other important milestones has really been an emotional challenge. It certainly has not been easy, but at the same time I am very proud of our accomplishments during this same period and specifically with our charitable initiative, See You Soon Toronto. It has been a very personally rewarding experience to raise money (more than $350,000 to date) to help our struggling restaurants in Toronto, and to be able to deliver food to those most in need or who have given the most of themselves in these trying times – our frontline health care and public transit workers. What’s the first thing you’re going to do once things return to “normal”? Hug my parents and travel with my family. Both are long overdue. What’s on your reading list these days? Shoe Dog – A Memoir, by the creator of Nike, Phil Knight.
32 condolife magazine | Mar. 13–Apr. 10, 2021
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HOMES, Condo Life, Active Life Reno + Decor
Greater Toronto Area Dec. 19, 2020–Jan. 30, 2021
Toronto’s Finest NEW HOME GUIDE
Fabulous LIVING IN THOROLD!
The ‘best of the best’ coverage in the categories of new home; new condo; adult lifestyle; design, decor and renovation.
WEST COMMUNITY NEW PHASE COMING SOON! DISCOVER SINGLE FAMILY HOMES AND SPACIOUS TOWNS!
INSIDE:
HOMEBUYER INTENTIONS STILL STRONG: SURVEY
WHERE MORTGAGE RATES ARE HEADED IN 2021
condolife
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Greater Toronto Area Dec. 5, 2020–Jan. 16, 2021
Greater Toronto’s COMPLETE CONDO GUIDE
DEC. 5, 2020–JAN. 16, 2021
The Rose Hill Condos
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HOMEBUYER INTENTIONS STILL STRONG: SURVEY
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ADVICE | REAL INSIGHT
LOW BORROWING COSTS DRIVING GTA HOME AND CONDO SALES
LISA PATEL
Spikes in mortgage defaults, foreclosures and the widely discussed mortgage deferral cliff never quite materialized. Instead, during the first wave of the pandemic, homeowners who delayed their monthly payments did not walk away from their mortgages. In TRREB’s recently released Market Year in Review & Outlook 2021 report and eagerly awaited new digital digest, Mortgage Professionals Canada President and CEO Paul Taylor stressed that in 2020, 768,000 homeowners took advantage of deferral programs due to falling income levels during this time of financial uncertainty. But when it came to first-time homebuyers, they were looking to get their foot in the door thanks to reduced borrowing costs. Within the first month of the pandemic, we saw historically low interest rates spark a lineup of eager buyers hoping to purchase a home. Affordable rates are one of the drivers contributing to a forecast of more than 100,000 GTA home sales this year. When buying a home, figuring out how big a mortgage you can afford is one of the first steps in the mortgage approval process. Since today’s condo market offers buyers more choice and bargaining power, you may be thinking about buying your first unit. Connecting with a TRREB realtor can help you with the ins and outs of mortgage pre-approvals and even more insights into condo ownership,
34 condolife magazine | Mar. 13–Apr. 10, 2021
such as what condominium boards are and the type of maintenance fees you can expect. If you’re interested in digging deeper into the mortgage industry and its influence on market activity, download the Market Year in Review & Outlook 2021 report and explore our interactive website. You can also connect with a TRREB realtor by visiting trreb.ca to help you find the home you’ve long waited for. Lisa Patel, TRREB President and realtor, is an entrepreneur and strong community leader who has served with many organizations and groups, including chairing TRREB’s Women in Real Estate Task Force. trreb.ca
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ADVICE | MARKET OUTLOOK
HOT OR COLD? WHAT TO EXPECT IN TORONTO’S CONDO MARKET IN 2021
RIZ DHANJI
Toronto’s housing market has been riding high for about 15 years now. When the COVID-19 pandemic touched down around this time last year, many of the glass-half-empty types began predicting the bubble was about to burst. Of course, that didn’t happen, and today the market is back on its steady climb, just like the TSX, Nasdaq, S&P 500 and other indices of financial health. How does Toronto keep outperforming? Crack the spine on that Economics 101 textbook from high school and you’ll see it’s largely a matter of supply and demand, combined with historically low interest rates. Demand remains steady relative to supply, and this will continue to be true, particularly for the condominium market. Our supply issues stretch back a decade, and we’re still not close to catching up. I’ve seen this demand remain steady first-hand through our work with a couple of exciting communities located in different desirable pockets of the city. Currently under construction, the KING Toronto community by Westbank Corp. along King West, would be a hot commodity even in the coldest of times; the development’s inspired glass-block design by starchitect Bjarke Ingels looks like a range of pixelated mountains, creating ripples of excitement and steady sales from across the globe. The 900 St. Clair West condominium community
by Canderel is another ongoing success, for finally infusing a breath of fresh air on the cusp of Forest Hill along the St. Clair streetcar line. Appealing to a range of buyers, St. Clair West’s suites are right-sized for those looking to move up or down in this sought after area. Pandemic or not, it’s easy to see why Toronto’s condo market still shows so much potential. Immigration may have slowed down for now, but the city’s existing population base still has a great need for quality condominium housing. Just wait until immigration picks up again: Canada is projected to welcome 401,000 new permanent residents in 2021, 411,000 in 2022 and 421,000 in 2023. As Canada’s economic heart and most diverse employment metropolis, we can realistically expect Toronto to absorb a healthy number of those 1.2 million-plus future residents, which will continue to feed the city’s condo demand. What about all those people we hear about that have responded to the pandemic by moving away from the city core? It’s true that there is some migration underway, but it’s likely a short-term trend that will not bear much influence on Toronto’s condo market. In fact, at the end of 2020, the global management consulting firm Kearney’s issued their Global Cities Outlook (GCO) rankings – which determine “cities on the rise” – and Toronto ranks second in the world, behind only London. If anything, I’m experiencing even greater anticipation and demand. Canderel’s elegantly designed Bayview at The Village is launching this spring in the tony Bayview Village
One Delisle
neighbourhood; between its ideal location and the limited supply in the area, a condo such as this practically lives outside market forces. Another sought-after building is One Delisle by Slate Developments, which is also creating quite the buzz for its daring architecture by Jeanne Gang of world renowned architectural firm, Studio Gang. This project will set a new bar for design excellence in a neighbourhood bordered by Rosedale, Forest Hill, Summerhill and Deer Park – all of which have experienced a serious shortage of condominium supply since 2015. Meanwhile, Canadians are stockpiling their savings. In fact, a recent CIBC Capital Markets report estimates households and businesses are sitting on no less than $170 billion in excess cash. Toronto’s condo market isn’t the only thing that I expect to enjoy a bright and successful future. Once the COVID vaccines are administered en masse, my glass-half-full outlook will be practically overflowing with eagerness and ambition for a strong conclusion to 2021. Riz Dhanji is President and Founder of RAD Marketing. radmarketing.ca
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ADVICE | PERSONAL FINANCE
BRUISED CREDIT? YOU STILL HAVE OPTIONS FOR GETTING APPROVED FOR A MORTGAGE
JESSE ABRAMS
Last year proved to be an interesting one for mortgages. The COVID-19 pandemic has had lasting effects on the global economy, rates of unemployment and, more specifically, the financial stability of many Canadian households. Since March 2020, 16 per cent of mortgages in Canada have been deferred to help homeowners who were financially impacted by the pandemic – a number that has slowly fallen since then. During the pandemic, credit cards, car loans and other bank loan payments were also deferred, which has considerably impacted the credit scores of many people across the country. This has left many Canadians in financial situations where their credit score has dropped, sometimes significantly, and their mortgage options may have become more limited. Especially if you find yourself in a situation where your debts have accumulated and you want to leverage your home equity to borrow against your home to refinance and consolidate your debts. WHAT DOES ‘GOOD’ CREDIT MEAN?
Lenders typically favour homebuyers with credit scores of 680 or higher and use this to evaluate the strength of a mortgage application. If you’ve been slightly impacted by the pandemic and find yourself in the 600 to 680 range, this is considered “mid-level” credit. The good news is 36 condolife magazine | Mar. 13–Apr. 10, 2021
that there are many Prime A lenders, such as credit unions and monoline lenders who offer more leniency compared to the big banks, along with favourable mortgage rates and features. These sources can be an option for an approval. WHAT ARE YOUR MORTGAGE OPTIONS WITH LOW CREDIT?
Low credit is when your credit score falls below 620. Being in this range makes it more difficult to get approved with Prime A lenders. If your financial situation has changed or your credit score has lowered as a result of the pandemic, there are still options available for you. When you can’t get approved with A lenders, exploring different B lenders is a good alternative. B Lenders make it possible for people with low credit, less income or high debts to get approved for a mortgage, with some additional requirements. Buyers are usually expected to make a larger down payment of 20 per cent or higher, and are subject to slightly increased rates compared to A lenders. When you work with a B lender, the terms are shorter (one to two years) to give homeowners an opportunity to improve their credit and later refinance into a better Prime A mortgage. If your income and credit are too low and your debt is too high for A and B lenders, private mortgages are a potential option. These lenders come at a higher rate with additional fees, but are a common solution for those who cannot meet the standard lender criteria. Private mortgages are an option if you’re in a situation where you’re having trouble meeting A and B lender requirements and want to ensure you keep your current home.
WHAT HAPPENS IF YOUR CREDIT IS LOW WHEN YOU RENEW?
If your mortgage is up for renewal and your credit score has fallen below your lender’s criteria, it may be time to start searching for a different lender. When you receive a notice for mortgage renewal, it’s important to know that you’re not obligated to sign back under the same terms. If you’re looking for a better alternative to your current mortgage, you have the option to either negotiate with your current lender or shop around and switch lenders for a better mortgage. At Homewise, we have seen many clients in this situation recently. More than ever before, lenders are checking credit on renewals to ensure clients can meet their mortgage needs. That’s why we work with many Prime A, B and private lenders to ensure clients get approved – especially if you are in a situation where you want to leverage your home equity to consolidate your debts and refinance. Shopping around is integral to ensuring you find the right mortgage for your needs. If you’re worried about your mortgage situation, it’s important to know that there are other options available to you. These alternatives give you an opportunity to get back on your feet and secure a more stable financial future.
Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com
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ADVICE | HOME REALTY
GET CREATIVE THINK OUTSIDE THE CONDO BOX AND START EARNING EQUITY
DEBBIE COSIC
Most people understand that owning real estate is a wise lifestyle and financial investment. Whether you are a first-time buyer or a seasoned real estate investor looking to expand your portfolio, consider purchasing a condominium suite in Toronto. The average condo asking price in the 416 area code in 2011 was $555,268; in 2020, it is hovering around the $1-million mark. You don’t see returns like that with many other investments, unless you bought GameStop last month. When condo shopping, take into consideration location and value (if you’re an end-user, make sure these align with your living needs). When it comes to location, you cannot go wrong with buying along a transit line – these projects are the highly sought-after ones, especially with the price of parking and limited availability on the rise. Also look at the value; what is the price of each project in the location you are looking at compared to one another? How high is it now, and how high can it go when it is built? Let’s look at The Dylan Condominiums in North York – only a three-minute walk to Glencairn subway station, a 15-minute drive or five subway stops to York University, a few blocks to the Eglinton LRT, a three-minute subway ride to Yorkdale Shopping Mall, five subway stops to the St. George station and only 10 minutes to Downsview Park. This location is spectacular enough to
The Dylan Condominiums, by Chestnut Hill Developments
command high rents. North York is one of the fastest-growing regions of Toronto and a place where growth is expected to continue for decades – which means high price appreciation. The Dylan is already one of the lowest priced projects in the city, at $1,000 per sq. ft., compared to other projects in Toronto that are selling for between $1,400 and $1,600 per sq. ft. To help with affordability, check out the Government of Canada’s FirstTime Home Buyer Incentive, Home Buyer’s Plan, GST/HST New Housing Rebate, and Home Buyer’s Amount of up to $750 in federal tax relief. In Ontario, a rebate on some of the required land transfer tax is possible. You could also pool your resources with friends or family members, so each person’s deposit amount is lower. Say two people purchase a one-bedroom plus den suite at The Dylan Condos for $623,900. Each would put down $1,500 on signing; then the balance to five per cent in 30 days ($14,097.50 each); then increments of three per cent (or $9,358.50 each) every six months; then one per cent ($3,119.50 each) on closing. This amounts to $65,509.50
for each of the two buyers, but spread out over three years. If a third buyer is added, those amounts go down substantially. Plus, if you consider seven per cent year-over-year appreciation, that condo will likely be worth more than $1.1 million in 2030. Investors can refinance an existing property, sell a newly purchased condo one year after closing and use the equity to do it over again, or put the deposit on a Line of Credit. The point is, there are numerous ways to get into or expand your real estate portfolio. Do some creative thinking and a little research, and you’ll figure out the best solution for you. 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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NEIGHBOURHOOD WATCH
MIDTOWN TORONTO RIGHT IN THE HEART OF THE CITY by WayNE KaRl
Mention Midtown Toronto to people, and they generally react in one of two ways. “Where exactly is that?? – the inference being that in a growing city of this size, pinpointing the centre is difficult, to say the least. And once realizing “Midtown” is roughly defined by Bloor Street to the south, Eglinton Avenue to the north, Bayview to the east and around Dufferin Street to the west, people often think “Old Toronto.” And in the context of real estate, that means high-priced.
Once commonly known as “Yonge & Eligible,” due to its popularity among young, single professionals, Yonge and Eglinton is quickly becoming one of Toronto’s most desirable neighbourhoods, appealing to a variety of lifestyles. Boasting five-star restaurants, boutiques, diverse retail services, schools and corporate head offices, residents have plenty of options for work and play right outside their front door. CROSSTOWN TRAffIC
INCREASINGLY ACCESSIBLE
Indeed, with neighbourhoods such as Rosedale, Forest Hill, Deer Park, Summerhill and Yonge & Eglinton, Midtown is generally affluent and exclusive. Signature detached homes in any of these areas easily run into the multi-million-dollar range. However, new developments coming on the scene, particularly some landmark highrise condominiums, are making the area increasingly accessible to a variety of residents.
If a great midtown location isn’t enough, proximity to transit is also a significant appeal of this area, being right on the Yonge Street subway line. And come 2022, moving about the city will get even easier, with the expected completion of the Eglinton Crosstown LRT. Slightly off the beaten trail, wander over to nearby Davisville Village, Mount Pleasant Village and Forest Hill Village for a taste of what that Old Toronto was like, still with small, independent shops and nice little parkettes.
+ LOCATION, LOCATION, LOCATION Bloor Street to the south, Eglinton Avenue to the north, Bayview Avenue to the east and around Dufferin Street to the west. KEY LANDMARKS Yonge Eglinton Centre Casa Loma Spadina Park Forest Hill Village Davisville Village Mount Pleasant Village SELECT CONDO DEVELOPMENTS 44 Broadway By Collecdev 44broadway.ca 150 Redpath By Broccolini redpathcondos.com Avenue & Park By Stafford Homes avenueandpark.ca E2 Condos By Metropia e2condominiums.com Keewatin By Freed Developments freeddevelopments.com Plaza Midtown By Plaza pureplaza.com Untitled. Toronto By Reserve Properties, Westdale Properties and Pharrell Williams untitledtoronto.com Y&S By Tribute Communities yongesoudan.ca
38 condolife magazine | Mar. 13–Apr. 10, 2021
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BUILDER PROFILE | ADELAIDE & JOHN
THE PJ CONDOS NEW PINNACLE PROJECT OFFERS UNIQUE ARCHITECTURE IN THE HEART OF THE ENTERTAINMENT DISTRICT Sometimes, the most unique statements are the ones that simply make good sense. Pinnacle International is making just such a statement with The PJ Condos, at the iconic Toronto intersection of Adelaide and John Streets. The 48-storey build, now near completion, is exactly what the Entertainment District needs: A luxury condo that honours the aesthetic history of the neighbourhood while embracing its future through practical design. Unlike the glass buildings that surround it, The PJ Condos tower’s exterior cladding is a nod to the brick factories and warehouses that once typified the area. And Pinnacle’s community-conscious, common sense design doesn’t end there. Designed by Janet Rosenberg & Studio and inspired by its location on the John Street Cultural Corridor, a generous space is given to the public realm in the form of wide sidewalks and an open plaza. This plaza is an extension to the public space across the street at the Pinnacle on Adelaide, PJ’s predecessor. The PJ Condos is set back at street level and cantilevers out from the fifth floor. This type of responsive architecture extends the usable space at street level to accommodate an accessible, pedestrian-friendly public space. Planters and benches will further welcome people to enjoy the area’s unparalleled ambience. Suites at The PJ Condos feature nine-ft. ceilings, laminate flooring and contemporary kitchen design, complete with stainless steel appliances, quartz countertops, undermount sinks and designer
40 condolife magazine | Mar. 13–Apr. 10, 2021
cabinetry. The spa-inspired bathrooms feature deep soaker tubs and rain shower heads, all contributing to the luxury living experience. The Exclusive Collection on the upper floors of The PJ Condos includes many luxurious finishes such as smooth ceilings, a built-in wall oven, and jetted tub and double vanity in the master ensuite. Pinnacle’s comprehensive amenities package expands on the theme of functional choice and elegance. An outdoor pool and hot tub are the perfect place to relax after a busy day. A designer-decorated party room and rooftop terrace means entertaining and barbecuing with friends before heading out to the theatre. The fitness centre comes complete with state-of-the-art equipment, allowing residents the chance to keep fit and healthy, and a tastefully designed yoga room is available for those in search of quiet meditation. The PJ Condos’ iconic address also means countless area destinations for residents, including many of
Toronto’s premier gastronomic experiences, a world-class theatre scene, and a chance to see a favourite sports team chase victory. If you want to live well in Toronto’s storied Entertainment District, choosing The PJ Condos just makes good sense. Occupancies are scheduled to begin this year, so this is the final opportunity for ownership. Pinnacle International is one of Canada’s most respected developers of luxury condominiums, hotels and commercial projects. For more than 40 years, Pinnacle has set the standard for development, design, construction, and management, with award-winning developments in Toronto, Vancouver, Mississauga and San Diego. The company’s latest high-profile community build in Toronto is Pinnacle One Yonge, situated at the foot of Yonge Street, and featuring the highest residential tower in Canada – SkyTower at Pinnacle One Yonge. To learn more, email info@pinnacleadelaide.ca. nexthome.ca | myhomepage.ca 41
BUILDER PROFILE | MISSISSAUGA
SOMETHING NEW COMING TO ORO,
AT EDGE TOWERS Solmar Development Corp. has recently released its ultra-luxurious Penthouse Collection on the 49th and 50th floors of Oro, at Edge Towers. Oro is the third and final phase of Solmar Developments’ elegant new highrise condominium community that will be known for years to come as among the best quality condominium buildings in downtown Mississauga. Solmar is currently offering the largest new Penthouses available in downtown Mississauga, with three-bedroom plus den suites as large as 1,850 sq. ft. The Penthouse suites include elegant features such as nine- and 10-ft. smooth ceilings, a high-quality, upgraded Fisher Paykel appliance package, upgraded European style kitchen cabinetry, fireplace, frameless glass shower doors, and breathtaking unobstructed views in all directions, from multiple balconies.
42 condolife magazine | Mar. 13–Apr. 10, 2021
Oro Penthouse residents will enjoy a full range of amenities that begin with the timelessly elegant, hotelinspired lobby finished in imported marble and granite floors, Venetian plaster columns and luxury details, in an exquisite style that Solmar Developments is known for. The lobby will be serviced with a 24-hour concierge that will cater to the residents’ every need. Other elegant amenities include guest suites, two party rooms with individual outdoor terraces, a gym, yoga studio, sports lounge, games room, movie theatre, galleria, Wi-Fi lounge and additional generous terrace space. Solmar Developments will soon be releasing a collection of newly designed podium suites that will include the luxury of parking and locker on the same level as the suites. This will eliminate the need for residents to travel through the
lobby, or use the elevator, to access their suite. Register today for this upcoming final release of suites. There are currently a limited number of podium units available on the seventh to 12th floors of Oro. One example is the popular Jade model. It is a 590-sq.-ft. one-bedroom plus den. Thoughtfully designed with no wasted space, the Jade offers fabulous east and west-facing views. Oro at Edge Towers has a reputation for its efficient floorplans, most of which come equipped with two or more bathrooms. Oro is also known as the only new downtown Mississauga condominium that is located right on the new Hurontario LRT, and is walking distance to the Cooksville GO station. Square One Shopping Centre is also just steps away. Not only does this include a large selection of luxury shopping, but nearby amenities such
as Whole Foods, Bier Mrkt, Earls, Cineplex Odeon Theatres, Centennial College, Celebration Square, and the Mississauga Art Gallery. Scott Davie, president of Davie Real Estate and listing broker of Oro says, “It is very rare to find a new condominium that is being built by a top developer with this level of quality and after sale service, in the best location in the city. People who choose to buy here will be very happy with their purchase, for a very long time.” The Oro, at Edge Towers Presentation Centre is located at 24 Elm Dr. W. in Mississauga and is open for zoom or in person appointments on weekends from 11 a.m. until 5 p.m., Monday through Thursday from noon until 6 p.m., and is closed on Fridays. edgetowers@solmar.ca solmar.ca nexthome.ca | myhomepage.ca 43
BUILDER PROFILE | DUPONT & SHAW
THE DUPONT, RESIDENCES EAST OF OSSINGTON TRIDEL BRINGS URBAN SOPHISTICATION AND HERITAGE CHARM TO DUPONT STREET
Something’s different about Dupont & Ossington. Maybe it’s in its history, preserved by the character of a unique heritage. Perhaps it’s in the spirit of diversity, as an apex of neighbourhoods converging to form an alchemy of arts, culture and greenspaces. One thing’s for certain – this is where timelessness meets urban edge, and where a pedestrianfriendly lifestyle meets eclectic amenities and a laid-back ambience. The Dupont, Residences East of Ossington is a new nine-storey condominium coming soon to the northwest corner of Dupont and Shaw streets. With architecture by Turner Fleischer Architects, landscape design by Studio TLA, and interiors by U31, 44 condolife magazine | Mar. 13–Apr. 10, 2021
this south midtown urban community will be an incredible new landmark.
that’s home to unique retail, local cafes, award-winning restaurants, hidden gems beloved by locals, grocers (both Big Box and family-owned), farmers’ markets, galleries, biking trails, parks, boutiques, schools, community programing, and so much more. In fact, The Dupont is a quick walk or transit ride to the trendy restaurants, bars and galleries on the Ossington strip; the inviting restaurants and boutiques on St. Clair West; the popular Farmer’s Markets and arts programming at the Wychwood Barns and Dufferin Grove; the restaurants, markets, galleries and breweries on the ever-evolving Geary Avenue; and the awaiting adventure strolls and bike rides along the peaceful Green Line Trail. The Dupont Cultural Corridor is a passage of arts, culture and community. This is where it all begins, and you can call it all home.
RISING FROM INDUSTRIAL ROOTS
The revitalization of Dupont Street has been underway for the past several years, and the area is surrounded by an established and coveted residential neighbourhood. Just one main transit stop north of Bloor Street, and perfectly positioned at the entrance to the Dupont Cultural Corridor, The Dupont brings you closer to where you want to be. WELCOME TO THE DUPONT CULTURAL CORRIDOR
This is where urban flair and lifestyle comforts come together in a location
REFINED ELEGANCE AND INDUSTRIAL CHARM, PERFECTLY PAIRED
The Dupont respectfully complements the lowrise fabric of this community, building on the strengths of its heritage, with traditional materials, such as brick and stone to reflect the industrial character of the street. High quality building materials that articulate the unique character of Dupont create an inviting interest and rhythm from the building facade to the surrounding urban promenade.
THE LUXURY OF CONVENIENCES, RIGHT AT YOUR DOOR
The Dupont will also feature 31,000 sq. ft. of ground-floor retail, filled with the conveniences of shops, cafes and local delights. Grab your morning coffee while still in your slippers, or pick up some lastminute ingredients for dinner on your path home. Enjoy the luxury of conveniences right at your door… it’s all here for you at The Dupont. INSPIRING AND INVITING INTERIORS
Inspired by a fusion of a welcoming art deco ambience with mid-century modern sophistication, experience a unique sense of arrival when you come home to The Dupont. With designs by the award-winning team at U31, interior spaces are both distinct and elevated. With a careful balance of beauty and function, the refined muted palette surrounds warm comforts that play upon textures, fabrics and scale.
refreshing swim, while taking in the city skyline. Indulge in an evening beverage with your guests, while keeping warm by the firepit, or host a barbecue for open air al fresco dining in the outdoor lounge. RELAX, IT’S A TRIDEL
Residents of The Dupont will also have the opportunity to personalize their homes in Tridel’s 8,000-sq.ft. design studio, The Lobby. This is where appointments take place one-on-one with Tridel’s design consultants to make selections that personalize each suite to suit individual lifestyle needs. As the most awarded highrise developer for customer service, purchasing with Tridel gives peace
of mind. With modern innovations, including Tridel Connect, a unique SmartHome system that brings Tridel condominiums into the future, The Dupont will feature conveniences such as electronic parcel pick up, smart home wall panels for thermostat controls and digital door locks. There’s also the latest technologies that promote healthy living, such as touchless entry systems, and ERV systems for constant flow of fresh air into all suites. The Dupont, Residences East of Ossington, will offer a wide range of suite types. Register now to be among the first to learn more about this incredible new urban community. tridel.com
EXPAND YOUR HOME WITH MORE THAN 16,000 SQ. FT. OF INDOOR AND OUTDOOR LIFESTYLE AMENITIES
An extensive amenity offering awaits your arrival. With 24/7 concierge, and more than 16,000 sq. ft. of indoor and outdoor lifestyle amenities, including a modern gym, spa with both sauna and steam room, party room and social lounge with a catering kitchen for all your intimate gathering needs, residents of The Dupont will enjoy spacious areas for activity, relaxation and entertainment. The tranquil outdoor pool invites you to enjoy a nexthome.ca | myhomepage.ca 45
DESTINATIONS ONTARIO
NIAGARA IT’S ABOUT A LOT MORE THAN JUST THE FALLS by WAYNE KARL When people think Niagara, they often think only of the Falls themselves, those natural wonders to which a visit never grows old. But beyond the awe-inspiring beauty and power of the Falls and the Niagara River, Niagara Region offers a lot more that’s worthy of just a weekend getaway. Encompassing towns such as Grimsby, Lincoln, Niagara-on-theLake, St. Catharines, Thorold and Welland, the Niagara Region is blessed with a great natural location. It occupies most of the Niagara Peninsula, bounded by the U.S. to the south and on the north by Lake Ontario, and of course the Niagara Escarpment – all of which offers strong potential for business and lifestyle choices. These natural landscapes and climate make the Niagara Region perfect for agri-businesses such
as winemaking – a key economic sector. The Niagara Wine Route, for example, connects dozens of wineries and is a growing tourism draw, complementing cultural events such as the Shaw Festival. Indeed, a visit to the area can involve a stop at the Falls, winery tours, the quaint town of Niagaraon-the-Lake, the Botanical Gardens with its Floral Clock and Butterfly Conservatory, several championship golf courses and a growing casino industry in downtown Niagara Falls. All, of course, when COVID-19 safety protocols allow. But this is all for play. To live and work in the region is another matter. ECONOMIC GROWTH
Again, a blessing of location, Niagara is within 800 km of two provinces, nine states and 130 million people on both sides of the border. This
means opportunities for business. The trade that flows across Niagara’s borders totals more than $100 billion annually, and supports hundreds of thousands of jobs across Canada and the U.S. The infrastructure network to support this trade activity comprises five international bridges, multiple railways and the Welland Canal, linking Lake Erie into the St. Lawrence Seaway system. All of this is conducive to growth potential for the region’s manufacturing and transportation and logistics sectors, to complement the historical strength in agriculture and tourism. Niagara’s economy has shown steady growth in a number of areas, particularly in job creation and new investment, but still lags slightly behind Ontario averages. The Niagara economic development department confirms
MEDIAN HOME PRICES Q4 2020, NIAGARA-ST. CATHARINES STANDARD TWO-STOREY
BUNGALOW
Q4 2019
Q3 2020
Q4 2020
Q/Q % Y/Y %
$461,799
$536,634
$574,414
7.0%
Q4 2019
Q3 2020 Q4 2020
AGGREGATE Q/Q %
24.4% $436,405 $488,130 $490,498 0.5%
Y/Y %
Q4 2019
Q3 2020 Q4 2020
12.4%
$450,898 $515,812 $538,391
Q/Q % Y/Y % 4.4%
19.4%
Source: Royal LePage
46 condolife magazine | Mar. 13–Apr. 10, 2021
the area still has challenges in higher unemployment, lower participation rate and lower household income per capita. But that’s changing, as the region continues to draw more investment. In 2018 alone, for example, Niagara had $1.7 billion in construction, and from 2015 to 2018, such investment in the area grew by 56 per cent, compared to 19 per cent for Ontario overall. NEW HOME DEVELOPMENT
As the economy grows and affords people more opportunity to live and work in Niagara – or close by – newhome development is following. Much of the housing growth is in the lowrise category, as buyers
from the GTA find the lot sizes and price points far more appealing and affordable. But that, too, is changing, as some consumers prefer the condo lifestyle, even in a nature-rich area such as Niagara. Developers are responding in kind, with several new condo projects, many of them midrise or boutique condominiums. Part of the appeal for homebuyers in Niagara, of course, is affordability relative to Toronto and other parts of the Greater Toronto and Hamilton Area. According to the latest Royal LePage House Price Survey, for the fourth quarter of 2020, aggregate median home prices in Niagara-St. Catharines were $538,391. This is up 4.4 per cent from $515,812 in the third quarter of 2020, and 19.4 per cent from $450,898 in the fourth quarter of 2019. This year-over-year price growth is in the top three, not just in Ontario, but in all of Canada. And from the ReMax 2021 Housing Market Outlook Report, the realty firm noted that average residential sale prices in Niagara increased by 19 per cent, from $449,410 in 2019 to $533,198 in 2020. ReMax also projects another 12-per-cent growth in average home prices for 2021, to $597,181.
+ LOCATION, LOCATION, LOCATION A regional municipality in Southern Ontario comprising 12 municipalities, including Grimsby, Lincoln, Niagaraon-the-Lake, St. Catharines, Thorold and Welland; 130 kms from Toronto; 86 kms from Hamilton. KEY LANDMARKS • Botanical Gardens • Casino Niagara • Clifton Hill • Fallsview Casino • Legends on the Niagara Golf Course • Lundy’s Lane • Niagara Falls • Niagara Wine Route • Skylon Tower • Welland Canal • Whirlpool Golf Course SELECT HOUSING DEVELOPMENTS 88 JAMES By Elite Developments elitemdgroup.com CASA DI TORRE By Branthaven Homes branthaven.com CLARET By Capital North Communities cncommunities.com L’EAU NIAGARA By Elite Developments elitemdgroup.com LYON’S CREEK CHIPPAWA By Capital North Communities cncommunities.com ODYSSEY CONDOS & TOWNS By Rosehaven Homes rosehavenhomes.com ONE TWENTY CONDOS By Mountainview Homes mountainview.com THE FONTHILL By Elite Developments elitemdgroup.com
nexthome.ca | myhomepage.ca 47
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INTERIORS
IN THIS SECTION:
DESIGN | DECOR | STYLE | SHOWCASE nexthome.ca | myhomepage.ca 49
INSPIRATION |
decor
KITCHEN SINK MAKING YOUR
WORK FOR YOU by LINDA MAZUR
With springtime comes an even greater influx of renovations, and kitchens always seem to be at the top of the list of rooms to get attention. Kitchen renovations can be stressful, but honestly, the kitchen is really one of my favourite rooms to renovate. There are a multitude of design inspirations, finishes and great products on the market to make organization and workability much simpler. When designing your kitchen, it is important to give attention to the practical aspects of how your space will function, or more specifically, how you will function in your new space. Kitchens, whether small or large, are without a doubt one of the 50 condolife magazine | Mar. 13–Apr. 10, 2021
busiest and hardest working rooms in your home. They often need to be multi-functional and easily adapt to day-to-day living, especially given the challenges we have all faced over this last year. However, the kitchen also seems to be the hub of entertaining for our family and friends. If you have a larger space, this is less of an issue; in a smaller footprint, though, we are forced to be more organized, creative and pragmatic. Several companies over recent years have adapted their product lines to include many wonderful storage and space-saving solutions that are aimed at making our time in the kitchen easier and more efficient. One such manufacturer
is Blanco – a leader in the industry, having elevated the standards for sinks, faucets and accessories. The company focuses on the benefits of a simpler lifestyle, not only with their designs, but also by making our time in the kitchen easier and stress-free. Whether it is creating a healthier kitchen environment by promoting good ergonomics or by designing an exclusive line of Silgranit products, Blanco is the cornerstone of a comfortable and well-functioning kitchen. If you’re unfamiliar with Silgranit, it is a non-porous, smooth stone surface that is highly durable and virtually impervious to scratches, impact, heat and staining. It makes
clean up a breeze and is available in an array of natural colours that blend well with so many countertop choices to create a stylish, seamless look in your kitchen. This year, Blanco introduced its newest colour, coal black, which definitely will be a new favourite of mine. As much as I love the wide variety of styles available in both Silgranit and Stainless, what is also a huge benefit is that many of the styles are designed to integrate with accessories such as cutting boards, colanders and rails. The addition of these integrated accessories allows you to create a one-stop “workstation,” making your sink pull double duty to optimize the usability of your kitchen, while in turn maximizing your counterspace. Designing and renovating a new kitchen is exciting. But no matter how much fun you have pouring over design magazines, planning and selecting finishes and colours, what is truly important is that your investment dollars deliver on functionality and efficiency as well as aesthetics; to create a new and inviting space that works for you and your family for years to come.
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 51
DESIGN SPOTLIGHT
COLOUR TREND FOR THE YEAR
Colour is one of the key foundations of any design. Colour enhances design in so many ways by contributing to our daily attitudes and emotions, creating contrast and creating an overall feeling in the space. The colour pallete for this year is one that to me is both energetic and serene. Pantone has released two colours that almost battle each other, and Benjamin Moore has released a lovely calm colour of the year with an even more serene palette. Pantone has announced two colours for 2021 – Illuminating and Ultimate Grey. Illuminating, a bright, almost energetic neon yellow, is 52 condolife magazine | Mar. 13–Apr. 10, 2021
bound to make those who use it inspired and happy. Ultimate Grey, on the other hand, is considered to be safe and comforting. Benjamin Moore has chosen Aegean Teal supported by a palette of warm and familiar tones. Aegean Teal, can be quite bold on its own, but combined with its neutral supporting palette, it is quite calming and serene. What is your take on 2021? Will 2021 be a year to redeem and conquer or will it be a year to recover and rejuvenate? There are so many reasons to incorporate colour into a design. Your design can be driven with colour to create a fun and interesting space. Colour can create contrast,
PHOTO BY LARRY ARNAL PHOTOS
by MICHELLE BERWICK
giving the design warmth and visual depth. Colour can also be used to evoke a feeling within the design. The theory behind why we use colour is quite amazing; it truly affects how we feel and how we live our lives every day. “The best way to incorporate these new on-trend colours is to introduce them in small doses. Our design team adores incorporating the colours of the year into our residential projects through our accessories, such as accent pillows, artwork, area rugs and even small, unexpected accents of paint. Our favourite way to add a pop of colour to a home is by painting the interior doors! Don’t be afraid – your builder-white office door is begging for a new colour… perhaps Aegean Teal? You might love it! Painting your front door is a cost-effective way to add colour to your exterior as well. A small weekend do-it-yourself project can make a large impactful difference when adding colour to your home this way.
If painting interior doors is not for you, another on-trend way to add colour to a space is through colourblocking murals. We are increasingly seeing abstract colourful wallpaper, which can easily be painted onto a wall using the colours of the year. This design feature can add a punch to any space. Furniture is another effective way to add colour to a design. We love a bold colour accent chair or stool in a living room with corresponding pillows on the sofa to tie it all together. If adding colour to a space is scary for you, try incorporating small accents first, such as throw blankets, pillows and artwork. Once you are more comfortable with colour, then start playing around with drapery, bold furniture and statement art pieces. The design opportunities are endless. There are so many ways to incorporate and embrace the 2021 colours of the year into your home without changing the whole design.
“
Our favourite way to add a pop of colour to a home is by painting the interior doors! Don’t be afraid
”
Don’t be afraid to have some fun with it, and discover the influence colour can bring to your home interiors. Award-winning designer Michelle Berwick is the Principal and Creative Founder of Michelle Berwick Design. For almost a decade, this GTA firm has become sought after for stylish and uniquely personal interiors. michelleberwickdesign.com
nexthome.ca | myhomepage.ca 53
INSPIRATION |
big style, small spaces
TRANSFORM
HOW TO
YOUR BATHROOM INTO A HOME SPA by LISA ROGERS A bathroom spa makeover doesn’t need to be an overwhelming enterprise. Even if your space is small or you don’t have a bathtub, some simple updates can go a long way. When you think of a spa experience, the image that generally comes to mind is fluffy oversized towels, soft lighting, a fragrance and ultimate relaxation. All of this can be achieved easily with design details and a few luxurious items meant to pamper. FIRST, REMOVE CLUTTER
Think about the luxury spas or hotel bathrooms you have been to… What is the most common denominator? 54 condolife magazine | Mar. 13–Apr. 10, 2021
Each place is always efficient, minimalist, and keeps to a relatively neutral, calming palette. For your own space, tuck away extra items off of your vanity or shelves and store them neatly in your cupboards. Storage trays work wonders to keep everything separated neatly.
the size of your space, use potted plants on counters and the floor, or hang plants from the ceiling if you can. Aloe vera, begonias, ivy and spider plants work well in this type of environment, but even just a small potted vase with fresh flowers can completely transform the room.
MIX IN NATURE
ADD SOFTNESS
Nothing is more tranquil than green plants, and there are plenty of varieties that can work in a bathroom setting. Bathrooms tend to have lower light, high humidity and warmer temperatures, so it’s essential to find the right houseplants. Depending on
This is achieved with cosy robes and slippers, luxurious bathmats and fluffy oversized towels. They are simply the easiest way to create a spa-like feel in your bathroom, and there are plenty of retailers which have fantastic options at all price points. I love to roll
my towels and stack them in a woven basket, or you can layer them neatly on a shelf if you have the room. BUY A NEW SHOWERHEAD
Immediate luxury! Those of you who don’t have a large soaking tub, a luxurious shower head with multiple settings, rainfall or a handheld can transform the whole experience. ADD A FRAGRANCE
I love this new idea of hanging a bunch of eucalyptus over my shower head. The steam of the shower releases the eucalyptus plant’s essential oils, which can work to clear congestion and inflammation. Plus, the scent is divine. All you have to do is tie the stems together with a rubber band and tie them to your shower head. It can last up to two months until it dries out. Many other essential oils can also reduce stress and amp relaxation, and they can give that sensory experience of being at a spa.
Vanilla, tea tree oil and neroli all are lovely. Also, consider scented soaps, lotions and candles to set a restful mood. SHOWER OR BATHTUB CADDY
This is the easiest way to help store all of your bathroom essentials to keep everything organized (and not scattered all over the floor!). It’s remarkable how much a clean space can impart a calming feel. Etsy has some fabulous wooden versions that I love.
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 55
INSPIRATION |
product showcase
noteworthy
New &
NEW JURA E8 PIANO WHITE The most successful automatic coffee machine in Jura’s history – now easier to use, with an even greater variety of specialities and a more sophisticated design. Buttons on the front of the machine and a modern TFT display make operation incredibly simple. And the integrated maintenance programs and new interchangeable milk spout ensure maximum hygiene. FAEMA CANADA | faema.ca
THE ULTIMATE MATTE BLACK ACCENT Discover amazing new design opportunities with the ultimate matte-black accent for your kitchen. Introducing the Vintera 30, by Blanco – a contemporary farmhouse sink in the company’s latest Silgranit colour, coal black, featuring a slim 6.5-in. apron, generous nine-in. bowl depth, and flushmount installation option. The Vintera is both spacious and sleek. Its flat matte-black colour and smooth silk-matte feel is perfect for those who love bold, contemporary design. BLANCO CANADA| blanco.com
Custom cabinetry JH Kitchen is a family-owned business that has been operating for almost 10 years. Their team of experts specialize in custom cabinetry and design, and work with you to meet your every need. From the initial stages of consultation to home visits, follow-ups, and installation, the company is dedicated to working with each and every client to achieve exactly what they envision to be their dream kitchen. JH Kitchen offers the highest quality, with a diverse selection of designs, at the best price. The primary goal is to ensure every customer’s complete satisfaction. JH KITCHEN | jhkitchen.ca
56 condolife magazine | Mar. 13–Apr. 10, 2021
Renovator's dream shop Beyond Marble and Granite is committed to finding the ideal kitchen or bath design to suit your budget and lifestyle. Offering a wide selection of quartz and granite countertops, BMG also has a wide selection of mosaics and backsplashes, porcelain tile, faucets, sinks, and more. The team at BMG believes that every project deserves to be a masterpiece, whether big or small. Installing quartz or granite countertops adds value and beauty to any room in your home, office or cottage. Visit the Vaughan showroom for all your renovation needs! BEYOND MARBLE & GRANITE | beyondmarbleandgranite.com
CONDO PROFILES
MRKT Alexandra Park
developer: style: size: prices from: features:
Toronto
TRIDEL
Highrise 526 to 1,270 sq. ft. The mid $600,000s • Steps from Toronto’s Kensington Market, Queen West and Chinatown. • 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 contact: Tridel.com location: Dundas St W. + Denison Ave.
Oro at Edge Towers
Mississauga
developer: SOLMAR DEVELOPMENT CORP style: Highrise size: Podium: 565-804 sq. ft.; Penthouse: approx. 2,000 sq. ft. features: • Podium suites: 1 (+den), 2 (+ den); penthouses: 3 (+den) on the 49th and 50th floors at Edge Tower 2 and ORO at Edge Towers • 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. • Steps from Square One and the only new condo community in Mississauga City Centre with direct access to the new LRT. contact: (905) 804-0592 location: 24 Elm Drive West, Mississauga, Ontario, L5B 1P9
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)
The Ambrose
developer: style: size: price: features:
Brantford
ELITE DEVELOPMENTS
10-Storey Boutique Condominium 450-1000 sqft Priced from the $300’s • 1 Bed, 1 Bed+Den, 2 Bed, 2 Bed+Den spacious layouts, terraces/balconies • Minutes to transportation, universities and amenities • Affordable luxury with breathtaking views • Surrounded by conservation areas and endless trails • Building Amenities: community garden, sports court, ice-rink, off leash dog park, pet spa, contemporary lobby, indoor fitness with yoga room, outdoor calisthenics and running track, connectivity lounge, party room with outdoor oasis, bicycle & parcel storage, car charging spots contact: theambrosecondos.com • (289) 816-1024 location: 401 Shellard Lane, Brantford nexthome.ca | myhomepage.ca 57
HOT PROPERTIES | GREATER TORONTO AREA
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58 condolife magazine | Mar. 13–Apr. 10, 2021
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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
MAP LOCATION 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58.
SITE
TYPE ADDRESS
CONTACT
Brampton..............................Urban Towndominiums .............................CTH........................ Mississauga Rd. & Wanless Dr. .............................. rosehavenhomes.com 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..............................The Kip District 2 ........................................... HR ......................... Kipling & Dundas St. W. .......................................... concertproperties.com Etobicoke..............................42B Queensway III ........................................ HR ......................... 1325 The Queensway...........................................tributecommunities.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 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 North York ............................M2M ................................................................... MR ......................... Yonge & Finch ..................................................................... m2mcondos.com Scarborough ........................4097 Lawrence East ...................................... MR ......................... 4097 Lawrence Ave. E. .............................................................. firmland.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 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/
MAPS
Locate properties using the map on the previous page
60 condolife magazine | Mar. 13–Apr. 10, 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
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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 10
4
12
3 1
13
2 11
LONDON
14
London
62 condolife magazine | Mar. 13–Apr. 10, 2021
Mississauga
18
15 16
Oakville 17
6
MAPS Match the map numbers with property listings on the following Hot Properties page
Burlington
20 9
19
St Catharines
Niagara Falls
7
21
Welland
CARTOGRAPHY: MARKETMAPS.COM
8
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.
Fonthill ..................................One Twenty Condos .....................................LR.......................... Rice Rd. & Highway 20 ................................................... mountainview.com
8.
Fonthill ..................................The Fonthill ..................................................... MR ......................... Rice Rd ................................................................................ elitemdgroup.com
9.
Grimsby.................................Odyssey Condos & Towns ..................... HR/CTH .................... Windward Dr. & N Service Rd. ................................ rosehvaenhomes.com
10.
Hamilton ...............................1 Jarvis .............................................................. HR ......................... 1 Jarvis................................................................................................1jarvis.com
11.
Hamilton ...............................Electric Avenue ......................................... HR/CTH .................... Upper James & Rymal Rd............................................... elitemdgroup.com
12.
Hamilton ...............................KiWi Condos ................................................... HR ......................... 212 King William St................................................................kiwicondos.com
13.
Hamilton ...............................Steeltown City Co. ...................................MR/CTH .................... Fennell Ave. E. & Upper Ottawa St. .............................. elitemdgroup.com
14.
London ..................................White Oaks Urban Towns ...........................CTH........................ London ................................................................................ elitemdgroup.com
15.
Oakville .................................5 North .............................................................. MR ......................... 1388 Dundas St. W. ...................................................... mattamyhomes.com
16.
Oakville .................................Synergy ............................................................ MR ......................... McCraney St. E. & Sixth Line ..............................................branthaven.com
17.
Oakville .................................The Randall Residences ............................... MR ......................... Randall St. & Lakeshore Rd. E. .............................. randallresidences.com
18.
Oakville .................................Upper West Side at Oakvillage .................. MR ......................... 351 Dundas St. E. ................................................. upperwestsidecondos.ca
19.
St. Catharines.......................88 James .......................................................... HR ......................... 88 James ............................................................................ elitemdgroup.com
20.
Stoney Creek ......................Casa Di Torre .................................................. MR ......................... 980 Queenston Rd................................................................branthaven.com
21.
Welland .................................L’eau ...................................................................LR.......................... 1 Albert St................................................................. info@elitemdgroup.com
MAPS
Locate properties using the map on the previous page
64 condolife magazine | Mar. 13–Apr. 10, 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 Inc. ...........................................................................1 7 Ambrose Condo, The – Elite Developments .............. 2,3,57 Black & Decker .......................................................................... 6 5 Condo Store .............................................................................. 1 6 Dupont, The – Tridel.................................................................. 9
Enter our Sign-Up to Win Contest! BLACK+DECKER™ Prize Value: $149.99
Fairmont Royal York .................................................................4 8 Focal Point..................................................................................4 8 Gladstone Media ....................................................................... 1 5 Graydon Logistics .....................................................................4 8 Highway of Heroes ................................................................... 2 1 Home + Style Studio Tour ......................................................4 8 Hotel Vie ....................................................................................... 4 HSBC ....................................................................................... 5, 68 IDRC .............................................................................................4 8 Indigo...........................................................................................4 8 Jaymar .........................................................................................4 8 McOuat........................................................................................ 1 4 MRKT Alexandra Park – Tridel ............................................... 5 7 NextHome ..................................................................................4 8
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Perch – Firmland .......................................................................1 1
• Select this contest within the listing and click Enter to Win.
Pinnacle Toronto Cypress – Pinnacle International ......... 5 7 Reno & Decor ............................................................................4 8 Skytower – Pinnacle International .......................................6 8
• Good Luck! For full contest details & rules visit the link above.
BUILDERS
Elite Developments ........................................................... 2,3,57
Two Prizes Awarded Each Edition of Active Life, Condo life, HOMES and Reno + Decor
Firmland .......................................................................................1 1 Mountainview Building Group ............................................... 1 9 Pinnacle International .........................................................57,68 Solmar ....................................................................................13,57 Tridel .........................................................................................9,57
www.blackanddecker.ca |
@blackanddeckerca
nexthome.ca | myhomepage.ca 65
ADVICE | INDUSTRY REPORT
THINKING OF
AGEING IN PLACE? HERE ARE SOME KEY FACTORS TO CONSIDER
DAVE WILKES
A recent survey conducted by the National Institute on Ageing at Toronto’s Ryerson University indicated that COVID-19 has more people thinking about aging in place. The survey of 1,517 Canadians suggests more seniors want to continue living at home as they age, rather than move to a retirement home or longterm care facility. Sixty per cent of respondents said the pandemic had changed their opinions on whether they would arrange for themselves or an older loved one to live in a nursing or retirement home. Seventy per cent of respondents aged 65 and older said they would try to live safely and independently in their own home as long as possible. Do you feel the same about your own ageing process? The good news is, you can stay in your present home as long as you want, if you design it to meet your future lifestyle needs. Here are some things to consider.
ACCESS
Consider wider doorways and hallways to accommodate wheelchairs. Think about stair lifts and elevators for the future. When it comes to the kitchen, you can install upper cabinets that lower with a slight pull on a handle for easier access. Lastly, think about a dualheight kitchen island or counter to accommodate those both in a wheelchair and everyone else in the family.
other considerations, such as addressing lighting quality to help with visual impairments, or other potential situations that need special consideration. The best thing to do is to work with a RenoMark renovator who has a certified aging in place specialist on staff. These professionals know what to do, have the correct licences and will ensure that you do it legally and correctly the first time. Your home and safety are not things to cut corners on. Find out more by visiting renomark.ca.
TAX CREDITS BATHROOMS
You can make your washrooms safer and help prevent falls by having smooth transitions between floor finishes. Installing a curbless or roll-in shower is a great idea if you want to remain independent. You might want to have a seat in the shower and install a hand-held spout lower on the wall for easier access. Another idea is to have a floating vanity for easy wheelchair access. 66 condolife magazine | Mar. 13–Apr. 10, 2021
The provincial government recently announced the Seniors’ Home Safety Tax Credit that can help you make your home safer and more accessible. The tax credit is worth 25 per cent of up to $10,000 in eligible expenses for a senior’s principal residence in Ontario. The maximum credit is $2,500. This is only a short list of what you need to consider. There are
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.
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