Toronto Condo Life - May 8, 2021

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Greater Toronto Area May 8–June 5, 2021

Greater Toronto’s COMPLETE CONDO GUIDE

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SPECIAL SECTION: WHO’S WHO IN THE CONDO INDUSTRY

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MAY 8–JUNE 5, 2021

CONTENTS COVER STORY

22 LEFT BANK BY BROCCOLINI THE FUTURE IS NOW AT STUNNING NEW DOWNTOWN EAST DEVELOPMENT 6 condolife magazine | May 8–June 5, 2021

43 43 Condo Pro

46

Use your extra time to shop for a new condo from home

66 Industry Report Transportation planning vital to the quality of life in the GTA

SPECIAL SECTIONS

26 The Power Seat Lessons from homebuilding leaders

29 Who’s Who The movers and shakers in the new condo industry

Property profiles

52

44 LINX Condominiums Tribute’s Reserve Collection a truly groundbreaking experience

46 Gallery Penthouse DEPARTMENTS

COLUMNS

8

14

Editor’s Note A fuller understanding

10

Contributors & masthead

12

In the Spotlight GTA new home market sees a very strong month in March

40 In Conversation With...

How to make sense of the new housing market

18

Maps & Amenity Charts

65 Advertisers Index Want more information? Just ask — and you could win a prize

The Marketing Edge Toronto’s housing market getting hotter and hotter

48 Perla at Pinnacle Uptown Mississauga’s latest gem

50 M2M Phase 1 Aoyuan lays the groundwork for familyfocused living in North York

20 Insight New stress test unlikely to cool hot GTA market

Scott Davie, Davie Real Estate Inc.

58

Stat Chat

Carriage Gate’s exclusive Burlington condo offers unrivalled exclusivity

38

Home Realty Covid’s effect on evolving condo design

42 Legally Speaking What taxes are payable on closing?

52

The Dupont Tridel brings urban sophistication and heritage charm to Dupont Street

54 Oro at Edge Towers Solmar offers new release of suites at elegant Mississauga condo

7

EDITOR’S NOTE

A FULLER UNDERSTANDING

WAYNE KARL EDITOR-IN-CHIEF Condo Life Magazine

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

+ get social 8 condolife magazine | May 8–June 5, 2021

It’s a conversation no one wants to have.

Current pandemic challenges aside – and by no means do we mean to trivialize them – we are very lucky to live in Ontario. Be it Toronto, elsewhere in the GTA or further out beyond the 416 and 905, these areas boast healthy economies, employment opportunities and housing markets.

But, along with such prosperity come challenges – in the context of housing, namely supply and cost; there’s not nearly enough of the former, and that drives up the latter.

The GTA continues to welcome tens of thousands of newcomers to the region every year. Every year.

Meanwhile – through no fault of their own – developers can build only so much new housing, due to scarce land supply and glacial approval processes.

In the resale market, buyers can only buy what sellers are willing to sell.

The bottom line? We’re seeing it now – routine double-digit price growth.

During a pandemic.

The questions then become, how to welcome tens of thousands of new residents every year, yet not facilitate new housing to meet the demand? What do we think is going to happen?

“Over the past year, record-breaking home sales and price increases have provoked urgent discussions on how to address the chronic undersupply of housing in the face of skyrocketing demand,” Mike Collins-Williams, CEO of the West End Home Builders’ Association, told Condo Life. “With each passing year, homeownership, especially for younger generations, is becoming even more unattainable.”

Collins-Williams might know a thing or two about this subject, as his previous post was senior director of planning and policy for the Ontario Home Builders’ Association.

At least part of the answer will require access to more land and expanding highways and other infrastructure. This dynamic has been going on for decades, not just in Ontario but across Canada, to everyone’s benefit.

“That’s why our association and the industry agree that the region requires a new transportation hub such as the proposed Hwy. 413,” Dave Wilkes, president and CEO of the Building Industry and Land Development Association, writes in his column on page 66.

For further insight into today’s pressing housing matters, see our special report on page 26, The Power Seat, with input from a number of expert sources.

And when it comes time for you to buy a new home, our Who’s Who special section details the best of the best in all sides of the industry.

All of this content is intended to help you gain a fuller understanding of how housing really works in the GTA, and the homebuying opportunities that result.

And that’s a conversation very much worth having.

Interact with us on social media: nexthome

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CONTRIBUTORS

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

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

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

MANAGING EDITOR

Rise Levy CONTRIBUTORS

Jesse Abrams, Harry Chopra, Debbie Cosic, Barbara Lawlor, Nick Monteleone, Ben Myers, Jayson Schwarz, Dave Wilkes SENIOR VICE-PRESIDENT, SALES NEXTHOME

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

THE MARKETING EDGE | NICK MONTELEONE Nick Monteleone is Principal and Creative Director, 52 Pick-up Inc., with an extensive background in design. Monteleone is a strong believer in targeted marketing and has helped builder-developer clients sell billions of dollars in new construction over the past 20-plus years. 52pick-up.com

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

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

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

Gary Chilvers, Vi Nguyen HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA

Josh Rosset DISTRIBUTION

distributionteam@nexthome.ca ACCOUNTING INQUIRIES

accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs VICE-PRESIDENT PRODUCTION – GTA

Lisa Kelly PRODUCTION MANAGER – GTA

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.

Yvonne Poon GRAPHIC DESIGNER & ASSISTANT MANAGER

Alicesa Pullan GRAPHIC DESIGNER & PRE-PRESS COORDINATOR

Hannah Yarkony GRAPHIC DESIGNERS

Johannah Lorenzo, Mike Terentiev, Alice Wu

Published by

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

Official Media Partners:

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10 condolife magazine | May 8–June 5, 2021

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IN THE SPOTLIGHT

GTA NEW HOME MARKET SEES A VERY STRONG MONTH IN MARCH The GTA new home market saw a very strong month in March, with sales of both single-family homes and condominium units higher than last year and the 10-year average, the Building Industry and Land Development Association (BILD) reports.

Total March new home sales, with 5,003 units sold, were up 27 per cent from March 2020 and 37 per cent above the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.

“The March new home sales figures prove what we’ve known all along: Demand for housing in this region isn’t going anywhere,” says Dave Wilkes, BILD president and CEO. “Even as we continue to battle the third wave of the pandemic, it is vital that we don’t lose sight of the long-term housing needs of the GTA and that we continue to work to remove barriers to building more supply.”

“The new condominium apartment market picked up the pace in March, as the spring market got underway,” adds Ryan Wyse, Altus Group’s manager, analytics, Data Solutions.

“The number of units in new projects launched and the number of sales

were both well above the March average of the past 10 years, and those newly launched projects saw particularly strong sales at opening.”

Condominium apartments, including units in low-, medium- and highrise buildings, stacked townhouses and loft units, accounted for 3,297 new home sales in March, up 11 per cent from March 2020 and 42 per cent above the 10-year average. It was the second highest March for condominium sales since 2000.

Sales of new single-family homes, including detached, linked and semidetached houses and townhouses (excluding stacked townhouses), with 1,706 units sold, were up 75 per cent from last March and 27 per cent higher than the 10-year average.

The benchmark price for new single-family homes rose to $1.44 million, an increase of 29.4 per cent over the last 12 months, while new condominium units rose 8.3 per cent to $1.06 million.

MARCH NEW HOME SALES BY MUNICIPALITY CONDOMINIUM UNITS

The One Stop Shop for Builder Storytelling

TOTAL

REGION

2021

2020

2019

2021

2020

2019

2021

2020

2019

DURHAM

215

16

42

470

257

153

685

273

195

HALTON

165

113

72

160

155

110

325

268

182

PEEL

126

486

97

270

147

304

396

633

401

TORONTO

mcouatpartnership.com

SINGLE-FAMILY HOMES

2,324

1,941

835

63

46

83

2,387

1,987

918

YORK

467

425

284

743

368

202

1,210

793

486

GTA

3,297

2,981

1,330

1,706

973

852

5,003

3,954

2,182

SOURCE: ALTUS GROUP

12 condolife magazine | May 8–June 5, 2021

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ADVICE | STAT CHAT

THE NEW HOUSING MARKET HOW TO MAKE SENSE OF IT ALL?

BEN MYERS

If you’re like me, you’ve been spending a lot more time at home over the last 14 months than you ever imagined you would. Chances are, like me, you’re tired of looking at the same old walls. Every day, you’re reminded that your current place just doesn’t meet your needs. Maybe your appliances are old, the ceiling heights are too low, countertop is stained and grungy, or your place is just too small.

Whatever the case may be, you’re envisioning a brand-new home.

Perhaps you’re thinking about buying a resale property, but that is a scary proposition as well. Blind bidding wars, waving conditions, worrying about financing and appraisals in short order. No thank you.

It is nice to walk into a sales office, see the list of prices for various homes, see the numerous options and choice. You don’t have to worry about negotiations or paying a price significantly higher than your neighbour for the same home. You can compare those prices and options to other new housing developments, and make a very informed decision.

The big factor, obviously, is the market. Is it going up? Is it going down? Should I be worried about it?

According to the latest new home data from the Altus Group, 5,003 new homes sold in March 2021 in the GTA, up 27 per cent annually from March 2020. This figure was 37 per cent above the 10-year average for the month of March. It is always nice to

14 condolife magazine | May 8–June 5, 2021

know others are confident about the market moving forward.

Condominium units accounted for 3,297 of the new sales in March, up 11 per cent year-over-year. This figure is 42 per cent above the 10-year average, and the second highest March total over the last 20 years. If you were worrying about an urban exodus out of Toronto, you can see that GTA investors are still betting big on the highrise market, and believe the provincial capital will continue to be an economic hub of activity and immigration.

According to rentals.ca, the average rent in the GTA increased in March over February, the first increase since January 2020. Rent per sq. ft. increased for all bedroom types month-over-month in downtown Toronto. Condo investors are taking note – the slump in the rental market may be over, another encouraging factor for future landlords.

New single-family home sales totaled 1,706 in March 2021, up 75 per cent from last March, and 27 per cent above the 10-year average. The desire for more space, both outside and inside the home, has resulted in many young families accelerating their move-up timeline during the work-from-home and learn-fromhome pandemic period.

Supply and demand are key to understanding price movements in the new home market, and the data above clearly shows how strong demand is. On the supply side, remaining inventory for all new housing types in the GTA decreased in March to 11,471 units from 12,095 in February. Unsold inventory was 13,933 in March 2020, so available supply is down 18 per cent annually.

We know about demand-push

inflation; higher demand without an equal increase in supply leads to higher prices. However, we are also experiencing cost-push inflation, as the supply chain is disrupted due to COVID, and material costs have skyrocketed. Depending on your source of data, lumber prices have doubled or tripled over the past year. If a developer has higher costs, they pass on those increases to the purchaser to maintain their margins.

New home price inflation has been very strong in 2021. The Altus benchmark price for new singlefamily homes in the GTA rose to $1.44 million, up 29.4 per cent over the last 12 months, while the benchmark price for new condominium units rose 8.3 per cent to $1.06 million.

It certainly seems risky to buy when prices are rising so quickly, but I always say that it is very important to stay within your budget, know what your monthly costs will be and try not to make any rash decisions. If you can see yourself living in this home for the next five years, you should be safe as it relates to short-term price volatility or price corrections. Surround yourself with a knowledgeable team, a realtor and a mortgage broker, and do your own research as well. 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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ADVICE | THE MARKETING EDGE

HOT AND GETTING HOTTER TORONTO’S HOUSING MARKET IS ON FIRE – STILL

NICK MONTELEONE

Despite all the challenges of the pandemic, Toronto continues to be one of the hottest real estate markets in the world – and seems to be gaining traction by the day. For real estate marketers, the pandemic has been a 14-month study in adaptation, as we discover new ways to market our clients’ projects, many without traditional sales centres, motivating events and buzz generated by lineups to buy first.

What is driving the Toronto market and how we have adapted to new marketing practices makes fascinating reading.

Toronto is ranked the seventh most liveable city in the world (according to The Economist Intelligence Unit), and by 2046, the city’s population is projected to increase by 25.9 per cent to 3.7 million people. Fuelled by strong immigration targets – 401,000 new immigrants in 2021, 411,000 in 2022 and 421,000 in 2023, with almost half settling in Ontario – there is a constant, unrelenting demand for housing.

According to the Toronto Regional Real Estate Board (Feb 2021), yearover-year sales were up 52.5 per cent in Toronto’s resale market, underscoring the escalating demand for product. This is even more significant in the new home sector, with lowrise new home inventory down 56.5 per cent year-over-year, a 24.4-per-cent increase in the price for 18 condolife magazine | May 8–June 5, 2021

new lowrise homes year-over-year and, despite the price increases, a 51.1-per-cent increase in new home sales year-over-year. (Altus Group, January 2021) All of this equates to a market that is hot and getting hotter. As inventory lessens and demand increases, prices rise, and instead of cooling the market as one might expect, rising prices are creating a panic to buy now before prices grow even higher.

So how have we adapted to this incredible maelstrom of opportunity?

What hasn’t changed, and in fact is even more vital to the sales process, is the need to facilitate connection through means other than the traditional visit to presentation centres. During these uncertain times, we have adapted new ways to connect people with their dreams of homeownership.

We’ve created videos and 3D tours, enabling people to experience new homes without touring model homes and sales centres in person.

This year has seen marketers convert from printed to digital brochures that potential purchasers can download. Websites have taken on a heightened importance, facilitating online touch screens, broker portals for sellers to access assets to create their own marketing materials, consumer outreach webinars that allow us to reach an even greater number of people, online broker presentations, sales tools such as Docusign and Contact, and inventory management systems that have enabled people to digitally buy a home online.

We’ve evolved marketing that is

carefully strategized and planned.

And certainly, the role of creative is as important as ever, in the creation of strong brands that rise above the clutter and compel people to action.

Signage and traditional advertising are still part of the lockdown marketing plan, with the goal of getting people to register.

Communicating information to registrants through electronic direct mail (EMD) has seen a huge increase this past year, as we drip project information through a series of targeted EDMs. We’ve learned how important it is to adapt to changing circumstances, and when it comes to marketing new real estate, the industry has done a stellar job in doing exactly that.

From online meetings to personal appointments to virtual tours, preconstruction housing has continued to thrive throughout the pandemic.

With a raging market, smart marketing and adaptation to online selling, it seems that nothing can put out this fire.

Nick Monteleone is Principal and Creative Director, 52 Pick-up Inc., with an extensive background in design. Monteleone is a strong believer in targeted marketing and has helped builder-developer clients sell billions of dollars in new construction over the past 20-plus years. 52pick-up.com

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ADVICE | INSIGHT

NEW STRESS TEST UNLIKELY TO COOL HOT GTA MARKET

HARRY CHOPRA

Predictably, the government is discussing measures to slow home price growth but not cause a decline in prices. The Office of the Superintendent of Financial Institutions (OSFI) recently proposed to establish a fixed floor qualification rate, initially set at 5.25 per cent, which is higher than the existing 4.79 per cent benchmark rate, and in line with the average benchmark rate used during the 12 months leading up to the pandemic. It has been estimated that this change, which only impacts uninsured mortgages, would reduce purchasing power by four per cent for those who are stretching their finances to the limit, thereby resulting in a negligible overall effect that will likely see demand pulled forward in advance of the introduction date of June 1, 2021, followed by a temporary pullback.

More news on the housing front was expected when the Liberals tabled their 2021 budget, which ultimately did not include enhanced measures to assist first-time home buyers.

However, it did include increased funding for affordable housing and a one-per-cent vacancy tax for non-resident owned properties. Any new measures will be “surgical” and focused on addressing specific aspects of the market that are deemed to be causing overheating.

Hopefully, these new measures come with data to support these decisions. So far, the discourse regarding the drivers of the

20 condolife magazine | May 8–June 5, 2021

current market have been purely presumptuous.

The housing market is arguably occupying more of the news cycle than ever before. But despite the numerous calls of a bubble and for government intervention to cool the market, buyers have remained undeterred. There does, however, seem to be some signs of market forces coming into play after a nearly 30 per cent run-up in lowrise prices over the last year. While the strong rate of new listings hasn’t quite been able to keep pace with demand, it is offering more choice in the market, and reducing some price pressures.

Average detached prices have increased by three per cent over the past two months, which is well below normal for this part of the year (the 10-year average increase for detached prices between January and March is seven per cent). The drop in interest rates to emergency levels has been largely played out with respect to lowrise prices, and affordability limits are now leading market appreciation to once again shift into the condo segment.

Sales across the GTA in March were at their highest level since September (15,561 versus 11,033).

Comparing how sales have evolved over the last six months reveals that growth for detached homes was strongest within the $1.5to $1.75-million range (154 per cent), followed by the $1.75- to $1.99-million range (127 per cent), the $2.0 million-plus range (120 per cent), and the $1- to $1.25-million range (103 per cent).

For condo units, sales activity over the last six months has increased the most within the $800,000 to $899,000 range (171 per cent), the

$700,000 to $799,000 range (151 per cent), and the $900,000 to $999,000 range (141 per cent).

Year-over-year sales growth in March 2021 remained strongest in the 905 region for detached homes at above 100 per cent, with annual price growth 10 percentage points higher in the 905 than in Toronto (28.7 per cent, compared to 18.6 per cent). For semis, rows and towns, sales were up by more in Toronto than in the 905 over the past year (97 per cent versus 88 per cent), with annual sales growth strongest in Toronto Central at 115 per cent. Across all housing types, annual price growth was strongest in Durham Region, ranging between 20.7 per cent for condos to 34.1 per cent for detached homes. Within the condo segment, a nearly doubling in sales volume in Toronto Central brought median prices within 2.5 per cent of last year’s high, with prices set for further appreciation in the core in the coming months as inventory fell below one month of supply.

Importantly, housing inventories were equal to one month of supply or less across all housing types and regions of the GTA during March. Even detached homes in Central Toronto, which are the most expensive housing segment in the GTA and typically have notably higher levels of inventory, had supply equal to only 1.2 months.

Harry Chopra is Broker of Record at Royal LePage Signature Realty, Mississauga. harrychopra14@hotmail.com, royallepagesignature.com.

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Cover Story

LEFTBANK THE FUTURE IS NOW AT NEW DOWNTOWN EAST BROCCOLINI DEVELOPMENT There are a whopping 209 cranes dotting Toronto’s skyline at this very moment – as the city continues to emerge on the world stage as a best-in-class destination for the arts, for culture, an impressive food scene, and a diverse population that is unmatchable worldwide. Though there is an unprecedented amount of growth happening that will continue over the coming years, many pockets of the city already have established neighbourhoods with distinctive architecture and well-known community amenities and infrastructure. While these areas of Toronto – largely concentrated in the city’s west end and in the downtown core – have their distinct streetscapes and unique charms to offer, they are now defined communities that have already undergone their peak transformations and changes.

Enter LeftBank, a new development in the downtown east by Montreal-based developer Broccolini, the company’s second project in the area after the launch of River & Fifth in 2019. Broccolini, a family-owned leader in real estate, development, and construction management, was magnetically attracted to this neighbourhood newly dubbed as the “River District” because of its emerging 22 condolife magazine | May 8–June 5, 2021

nature. Historically an industrial area of Toronto surrounded by some of the city’s most incredible greenspaces and parks, and set alongside the flow of the Don River, Broccolini saw an opportunity to define the character of this neighbourhood, introducing its signature Montreal design flair. For the Broccolini team, which has transformed much of Montreal’s downtown core, it was a no-brainer to make their mark in the downtown east and create its future.

Not only is the downtown east an up-and-coming place where future residents and tastemakers can influence and co-create the vibe, it’s also situated in direct proximity to some of the most remarkable infrastructure and development investments in Toronto’s history, guaranteeing a lively and bustling atmosphere in a true work-live-play style community. The East Harbour, for instance, located within 10 minutes of the LeftBank site, will introduce a new transit hub that rivals Union Station, with connections to the Ontario line subway, the GO rail and SmartTrack station services, and a future TTC streetcar extension. Along with this monumental transit upgrade, the East Harbour will also be a new economic and cultural

core for the city – with 10 million sq. ft. of commercial development including office, hotel, retail, institutional, entertainment and cultural space which is projected to create 50,000 new jobs.

As this thrilling development continues to take shape, the surrounding downtown east continues to revitalize, with Waterfront Toronto leading the innovative Port Lands Flood Protection Project. Through the Port Lands Flood Protection Project, Toronto’s east waterfront will become accessible in a way it has never been before. The Don River will be re-naturalized with the creation of a new river valley, 11 hectares of new park spaces, a new beach, two new Cherry Street bridges, dedicated transit and bike lanes, and more, transitioning the underutilized industrial lands into a Waterfront destination.

Suffice to say, there’s never been a better reason or time to take a walk on or make a move to the east side, with LeftBank by Broccolini placing you directly in midst of this exciting renaissance. Not only is LeftBank in the midst of the downtown east’s new beginning – it will directly contribute to the fabric of the neighbourhood and stand proudly as one of the first new towers in the east end skyline.

Designed by IBI Group, LeftBank’s exterior facade rises confidently above the Don River, with sleek, bold and striking design in a contemporary black-and-white colour palette. A black tapered element climbs the height of the 34-storey tower, reminiscent of ship’s mast, in a stylistic nod to the Don River’s prominent role through Toronto’s history.

Through navigating the improved streetscape, residents are a short walking distance from the Don River’s network of ravine trails which lead all the way up to Toronto’s sustainable hub, Evergreen Brick Works, with its host of family-friendly activities, arts and cultural exhibitions, and beloved farmer’s market.

Inside LeftBank by Broccolini, Patton Design spared no detail in creating luxurious interiors inspired by midcentury design out of Milan, with a uniquely industrial Toronto twist. The lobby features high ceilings, bronze

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and charcoal clad columns, warm lighting and oversized porcelain tiles, while the reception desk features stone with lavender veining for an unexpected pastel punch.

Three built-in banquettes across from the concierge offer individual seating with a “pod-like” effect, granting privacy and personal space with ease.

Future residents have a wealth of choice at their fingertips, with numerous layouts available, from studio up to three-bedroom suites. The suites continue the lobby’s language of design, with colour-blocking in wood tones in the kitchen topped off with a geometric ceramic backsplash that extends the retro Italian-inspired vibe.

Urban bathrooms are consistent with the use of wood tones and include oversized porcelain tiles with a custom vanity wall that creates a sleek impact.

A robust amenity program carefully considers the best of downtown living, marrying it with the forward-thinking offerings relevant for life today. The exterior south-facing terrace will provide peaceful and inviting glimpses of the new activity on the east Waterfront, while the parcel locker room simplifies online shopping. A fully-equipped fitness studio brings the best of exercise to life regardless of where you’re starting or what style you prefer. A kids’ zone will entertain children for hours, and the tool annex will do the same for the adults. A yoga studio with juice bar, Zen garden and meditation room put wellness first, and a co-working lounge provides an efficient and productive destination for remote work.

There will be ample spaces for the lighter side of life – celebrations and milestones find a new home in the dining lounge or speakeasy, while a private theatre and gaming lounge are fantastic places to decompress and disconnect.

Furry companions will have it made with a luxury grooming experience available right at home through the bright and sparkling pet spa.

Given the incredible investment in the downtown east, Broccolini is investing in its own new infrastructure through the introduction of the Home by Broccolini smart home system. Using a suite wall pad or a smartphone app, residents will be able to see their guests arrive, arm their suite, access private amenity spaces and receive parcel arrival notifications. Home by Broccolini also offers a digital door lock, a leak detector and upgrade features such as lighting and blind control. In addition, the entire building (suites, common and amenity areas) will be outfitted with high-speed Internet.

If luck is what happens when preparation meets opportunity, LeftBank by Broccolini has all the ingredients to become a smashing success. Between the project’s ideal location, the proximity to some of Toronto’s top tier infrastructure improvements and investments, and the ability to bring Montreal-style city-building to the emerging River District, LeftBank by Broccolini represents the future of Toronto. The future is now – don’t miss out on your chance to help define the next chapter of urban living at LeftBank by Broccolini. broccolini.com

24 condolife magazine | May 8–June 5, 2021

THE POWER SEAT

LEADERSHIP LESSONS FROM THE BEST WORST YEAR EVER

by WAYNE KARL

The homebuilding industry went through its best worst year ever in 2020, and 2021 is shaping up to be more of the same.

So hot, in fact, there’s talk of changes to mortgage regulations and other measures in the new federal budget to cool the market.

The challenge with the GTA, specifically, is supply and cost – there’s not nearly enough of the former, and that drives up the latter. Combine this with immigration numbering in the tens of thousands every year, the result is routine double-digit price growth.

We invited a select group of homebuilding executives for their insights on the state of homebuilding, affordability and how their company stands out. Visit nexthome.ca for the full story.

ZEV MANDELBAUM

President and CEO Altree Developments altreedevelopments.com

One thing we all learned during this pandemic is that you spend a ton of time in your home, and above all else, people want to feel comfortable and safe. Before, homes were about being connected to a larger community or city, but now they’re an escape from the world – a sanctuary.

Our clients want to be next to greenspace more than ever. Whereas before, most projects were built around subway lines and everything was about connectivity and transit, now the most important amenities are outdoor greenspace and nearby practical retail.

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Major cities are always going to see high demand and prices, and the only way to mitigate this is to drastically increase supply.

Creating more housing and increasing density would go a long way in helping make housing more affordable.

Altree is all about authenticity and being present. We’re able to create the homes and spaces our clients want because we understand our product better than anyone else. All our buildings are created with the intent of an end-user, and solely with that end user’s experience, in mind.

VINCE SANTINO

Senior Vice-President of Development Aoyuan Canada Aoyuan International aoyuaninternational.com

BRIAN BROWN

Principal Lifetime Developments lifetimedevelopments.com

ANSON KWOK

Vice-President, Sales & Marketing Pinnacle International pinnacleinternational.ca

Traditional single-family homes and freehold townhomes are becoming more and more scarce, simply because demand has really outstripped supply.

We have, however, noticed that there is a price sensitivity ceiling for buyers who would otherwise purchase a single-family dwelling or townhome, and this has turned their attention to two- and three-bedroom condominiums. Though it seemed, early in the pandemic, that buyers were looking at more space outside the city core, preference was still focused in areas where they could still have easy access to public transit and TTC hubs outside the 416.

More homebuyers are trending toward condominiums in areas that offer a wide range of amenities.

To address affordability, we need shorter

development approval times. There simply isn’t enough supply being made available.

It’s really important that municipalities, developers and all regulatory agencies recognize this and work together to relieve the bottleneck, so that supply can catch up with demand, and long-range planning can again become the focus, as opposed to applying reactionary approaches.

At Aoyuan, since we started out in the GTA in 2017, our focus has been to provide homebuyers with the opportunity to live in complete communities. It’s important that they have choice, not just in the suite they reside in, or the amenities that accompany them, but also choice in terms of transit and mobility, shopping, schools and parks, so they can live the best possible quality of life.

I am proud of how our industry and how our company, specifically, has adapted and learned from this pandemic. It has challenged us in many ways, but it has also made us work together and set the bar for what we deem as best practices. No matter the industry, successful companies learn to adapt and change.

Demand for homes continues to be at an all-time high, and homebuyers should always look to the future and not just at the current situation. The challenges of today will be overcome, and the market will be as strong as before because of low interest rates, immigration and the strength of our city.

The best solution to address affordability

is to increase supply, which in turn means streamlining approval processes and supporting larger, taller developments where appropriate. This is a complex issue with many stakeholders involved, and it necessitates the private and public sectors working together cooperatively.

We have learned a great deal over the last 14 months about what type of company we are and what we want to be. I am very proud of how we have reached beyond our business to provide aid and support to those suffering the most through the pandemic. This time has also allowed us to re-examine what priorities people will have in the future and what they will value most in their homes.

Increased feedback from purchasers and prospects has helped reinforce Pinnacle’s efforts to create timeless product that focuses on terrific locations and functional layouts. Our spacious twoand three-bedrooms with larger kitchens and full-size appliances in Toronto and Mississauga have been really popular.

We need to keep on building more housing. Regardless if it is single-family or highrise, more supply is required for our population growth targets. The industry and municipalities have to continue to work together to streamline the approval process. The length of time it takes now is not helping anyone.

Pinnacle has three developments that will be moving in this year, along with three others under construction. We have the perfect opportunity for the end-user market, as we have two- and three-bedroom suites ready to move-in this year.

“

More supply is required for our population growth targets.

”

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SCOTT MCLELLAN

Senior Vice-President Plaza plazacorp.com

SAMSON FUNG

Vice-President, Marketing Tridel tridel.com

ANGELA MAROTTA

Director of Sales & Marketing Solmar Developments solmar.ca

28 condolife magazine | May 8–June 5, 2021

We are seeing more connection with a home office, and more demand for the space necessary, as well as for onebedrooms plus den suites more than simply a one-bedroom.

There is a greater need for more spacious amenities with Wi-Fi lounges, where people can work or socialize as an extension of their living space.

We are doing the majority of our sales virtually through the Docusign program, and have made sure that our website and digital marketing have been at a higher level. Docusign, in most cases is the new sales office, the new norm.

In terms of affordability, the

government process needs to change.

People need to understand the concept of inclusionary zoning regarding affordable housing, and how the remaining units have to carry the cost of affordable units.

It’s about supply and demand: Politicians need to encourage more density along subway lines to add more supply. The more supply, the more the demand can be met and the more the cost can be controlled.

Plaza won the Tarion Home Builder of the Year for 2020. This is largely a result of our outstanding customer service and consistent customer communication.

The industry is shifting its focus to health and well-being in general, whether through building design or a diverse amenity offering. More than ever, homeowners are prioritizing access to outdoor space. We pivoted to this a while ago, providing not only private balconies and sizeable terraces, but also public spaces.

Developers are forced to be innovative, to deliver new supply and diversify their product offerings in terms of locations, price points and suite types to appeal to different audiences.

Additionally, we continue to explore

innovations in construction that allow us to accelerate timelines and keep material and labour costs manageable.

This isn’t the first economic challenge Tridel has weathered. Through each recession or epidemic, we have learned to adapt and grow. We are resilient and confident that our team will deliver the homes our purchasers have been looking forward to, with the unsurpassed quality they expect.

It has been a very reflective time for all of us, with so many challenges and changes. What buyers have perceived to be of value a couple of years ago is different today. Geographic areas and space, as it suits their lifestyle today, is very important. Purchasers are emotionally connected to the community and are experiencing a deeper connection with their indoor and outdoor surroundings. We are designing our homes to allow for flexible space with a larger kitchen footprint.

We cannot control the undeniable increases in the cost of construction over the next two years. Costs of materials and labour are both up substantially so, inevitably, there will be an increase in new home prices. Affordability has always

been a topic for discussion, but we are still much more affordable than most metropolitan areas.

Our condo towers, The Edge, in Mississauga, have outdoor terraces and pavilions that were designed for the community of residents to share and enjoy. The podium suites in our third and last tower, Oro at Edge, have been designed with larger outdoor terraces and covered balconies, outdoor seating, tables and loungers to allow residents to enjoy these spaces and interact.

Ultimately, we design with the buyer in mind and ensure it supports a desired quality of life. It is always the driving force behind everything we do, together with a focus on customer service that extends beyond their closing/occupancy date.

THE PEOPLE WHO LEAD THE MOST IMPORTANT SEGMENT OF THE GTA ECONOMY

who 2 021

Who’’s The NEW CONDO industry’s

THE TOP BUILDERS & DEVELOPERS ARCHITECTS & RENOVATORS SALES & MARKETING EXPERTS BROKERS, REALTORS, AD EXECS AND MORE! MORE THAN 500 PROFILES ONLINE AT MYHOMEPAGE.CA/WHOS-WHO

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WHO’S WHO IN THE NEW CONDO INDUSTRY

NISA AHSAN

PAT BAKER

Marketing Manager, Tridel

Founder, Baker Real Estate Incorporated

Specializing in corporate communications, public relations and marketing. She manages the strategic marketing and branding of Tridel’s newest condominium communities and corporate brand. Tridel is Canada’s leading developer and builder of condominium residences with more than 85 years of homebuilding experience. Tridel currently has 20 condominium communities in the GTA marketplace and is committed to developing condominium communities that meet the needs of today’s homeowners while safeguarding the well-being of future generations.

SIMONA ANNIBALE Vice President of Marketing, The Daniels Corporation One of Canada’s pre-eminent builders and developers, creating new home communities throughout the GTA. Annibale oversees all of the company’s sales programs, corporate and project specific marketing, public relations, as well as all corporate branding initiatives.

Formed to specialize in the marketing and sales of condominium projects, master planned communities, new home developments, as well as hotel and commercial properties for developers in Canada and the U.S. Offices in Toronto, Montreal, Vancouver and Shanghai.

LARRY BALDACHIN Senior Vice President and COO., Rally One of Canada’s fastest-growing Internet and telecommunications companies, Rally is a facilities-based national cable operator building its own enterprise-grade network on par with those of the country’s telco giants – at a lower price. Baldachin was previously a Senior VP with Rogers Communications. He holds a B.A. from the University of Toronto, and an MBA from U of T’s Rotman School of Management – where he served as Executive in Residence from 2000 to 2015

MARK BASCIANO DENNIS AU-YEUNG VP and CFO, Concord Pacific Group Concord Pacific is a real estate developer in Canada, with projects mainly in Vancouver and Toronto. Over 30 years experience in finance and real estate development. Au-Yeung is a certified public accountant with B. Sc. and MBA degrees.

ADAM AYLIFFE CEO/Partner, L.A. Inc. With over 18 years experience with blue chip, hospitality, banking and real estate clients, he is actively involved in all aspects of client and project management. L.A. Inc. is a full service branding, marketing and communications agency with expertise in real estate development and corporate branding. Member of BILD. Currently working on projects throughout North America.

LAWRENCE AYLIFFE Chairman and CEO, L.A. Inc. Has worked on a huge number of residential and commercial developments in Canada, the U.S., Europe and the Caribbean.

Achievements include being named to the elite group of Riley Brethour Award winners. Honoured with awards from the NAHBA, BILD and The Advertising and Design Club of Canada, to name a few.

President, Mountainview Group A residential, custom, commercial, industrial, land development and property management company with a portfolio that spans the Golden Horseshoe, London, Waterloo and Collingwood. Chairman of the Tarion Warranty Corporation Board; a member of the Governance Committee, Consumer Committee and the Regulatory Affairs Committee. Served as the NHBA President in 1997/1998, Director OHBA from 2003-2008, where he served as First Vice-President in 2006/2007, President in 2007/2008 and director for Meridian Credit Union. During this period he also served as a member of the Credit and Investment Committee, Community Relations Committee and the Governance Committee.

ANDREW BRETHOUR Chairman, PMA Brethour Realty Group One of Canada’s premier new home brokerage and research firms, celebrating over 55 years in business, with offices in Toronto, Calgary, Ottawa, Boca Raton and Collingwood. Recipient of the prestigious Maple Leaf Award CHBA (1987). BILD Hall of Fame Award (2004), two time recipient of the Riley Brethour Award BILD (1980, 1995). Governor of Builder Marketing Society in the U.S. and “Legend of Residential Marketing” by NAHB 2011. Founder of Canada and Toronto SAM Awards, Member of the International Lambda Alpha Society of Land Economists.

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WHO’S WHO IN THE NEW CONDO INDUSTRY

BRIAN BROWN

DEBBIE COSIC

Principal, Lifetime Developments and Chair of the Lifetime Charitable Foundation, Lifeline

CEO and Founder, In2ition Realty

Involved in all aspects of the companies’ residential and commercial projects, from site acquisition to construction. Brown is a member of the Toronto Chapter of BILD. Fifteen years experience in development.

SIMON CANE Sr. Account Director, Gladstone Media Cane brings over 15 years proven leadership abilities in real estate marketing, operations management, budget development and cost control. A full service creative agency, Gladstone Media provides strategic marketing solutions that are meaningful and effective, helping brands to stand out and connect with their audience.

CHERIE CHAN Manager, Branding & Marketing, Aoyuan International (Eastern Canada) With nine years of marketing, advertising experience and a deep understanding of Canadian national and regional marketing trends, Chan has extensive knowledge in data-driven marketing, experiential, media planning and social media. She is involved in marketing strategy, customer communications, planning and design for Aoyuan’s projects across Toronto and Vancouver. Chan has led the marketing for Aoyuan’s flagship project in Toronto, M2M, which won the 2019 BILD People’s Choice Award.

Cosic has been in the Real Estate industry for over 30 years. Sold and overseen sales of over $20 billion worth of real estate. With Cosic at the helm, In2ition has become one of the leading new home and condo sales companies, selling across Canada and the USA with worldwide affiliations. In2ition offers Market Research, Leasing, Property Management and Design. Cosic has received numerous Awards from BILD and NAHB.

KELLY CRAY & NEIL JONSOHN Creative Principal Partners, U31 U31 is an award-winning interior architecture and design studio led by creative principles, Cray and Jonsohn. The firm focuses on diverse commercial, residential and hospitality projects for clients across the globe, including luxury homes and large scale mixed-use developments. With over three decades of industry experience and proven accomplishments.

U31 continuously challenges convention, while seeking to satisfy clients needs and going beyond their expectations.

WILLIAM J. DANIELL President and CEO, Kaitlin Corporation An integrated land developer and builder of residential communities in Southern Ontario for over 30 years. Multifaceted in-house management team with extensive commercial law, land development, construction and marketing experience. Kaitlin Corporation has developed/built over 6,000 homes and condominiums as part of more than 60 projects, with award-winning designs. Member of CPA, CA, CMA. BILD, DRHBA and OHBA.

R. SCOTT DAVIE Broker, Founder Davie Real Estate Inc.

MARK COHEN, Founding Partner, The Condo Store Marketing Systems Over 25 years as VP Sales and Marketing for four of the largest firms in the city (Bramalea Limited, Menkes Developments, Concord Adex Developments and Tribute Communities), spearheading the design, marketing and sales of over 60,000 new homes and condominiums in the GTA. Recipient of several major sales and marketing awards, both locally and provincially, including BILD’s Riley Brethour Award.

Davie has over 30 years of experience in Real Estate and has been a trusted advisor to many of the GTA’s top developers. Davie has sold new home and condo projects from Brantford to Whitby, and from the Beaches of Toronto to Newmarket. Davie is recognized as a leading expert on pre-construction real estate sales and marketing in the GTA.

RENE DeSANTIS President, Montana Steele Advertising Extensive expertise in strategic thinking and marketing. Under his leadership, the agency developed many campaigns for a variety of clients and has received numerous sales and marketing awards. Using his keen creative flair and eye for detail, he contributes to strategic thinking and is actively involved with each project undertaken by Montana Steele.

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WHO’S WHO IN THE NEW CONDO INDUSTRY

RIZWAN DHANJI

SAMSON FUNG

Founder and President of RAD Marketing

Vice President Marketing, Tridel

One of the leading specialists for preconstruction sales and marketing, working on iconic projects like King Toronto, One Delisle and Bayview at The Village.

The team at RAD Marketing has sold over $3 billion in pre-construction condo developments in Toronto, Montreal, Vancouver and abroad, totalling more than 10,000 condominium suites. Dhanji leads the talented team at RAD Marketing to execute some of the most exciting projects throughout North America.

RHODA EISENSTADT Managing Partner, TCGPR (The Communications Group Inc.) A Toronto-based independently-owned PR consulting firm, serving Canadian and multi-national clients in numerous business sectors through its relationship with IPREX Global Communication PR firms around the world. Using a variety of non-advertising communications tools, Eisenstadt helps position clients in the marketplace in creative and costeffective ways.

Fung leads the Tridel marketing team, defining the vision and strategic direction of the company’s project marketing plans, as well as guiding its marketing strategies, which include overseeing budgets, pricing models, design and go-to-market launch strategies. He obtained his BCom from UofT, his International MBA from the Schulich School of Business, and holds a real estate broker’s license.

Tridel is Canada’s leading developer and builder of condominium residences with over 85 years of homebuilding experience.

Tridel currently has 20 condominium communities in the GTA marketplace and is committed to developing condominium communities that meet the needs of today’s homeowners while safeguarding the well-being of future generations.

VICKI GRIFFITHS President, Vicbar Marketing and Communications Ltd. Specializing in strategic marketing and communications initiatives in the building and development industry across North America. The company also brings years of expertise to the not for profit, seniors, health care and financial sectors. She has served on the board of directors of numerous provincial and national charitable organizations.

DAVID FELDMAN President and CEO, Camrost Felcorp Inc. Feldman founded Camrost Felcorp Inc. in 1976 and has since propelled it into a multi disciplined business, having delivered over 80 buildings and upwards of two million sq. ft. of office/retail in the GTA. Feldman has always led the way in creating urban landmarks, awardwinning highrise luxury condominiums and sought-after rental communities. Camrost Felcorp continues to evolve and is now a fully integrated, professionally managed development and construction company with $4 billion of mixed-use urban development projects underway.

LOU GROSSI Broker of Record, Intercity Realty Inc., Brokerage Intercity specializes in the sale of New Homes and Condos as well as resale Residential and Commercial real estate.

He is a Real Estate Broker with over 38 years of experience and specializes in all forms of real estate transactions. Intercity represents some of the most prolific New Home Builders in Ontario, with sites that span across the GTA and beyond.

TERESA FRANCELLA

MARCO GUGLIETTI

Marketing and Sales, Highrise Division, The Remington Group

President of Rosehaven Homes

Current developments are Downtown Markham – Largest LEED Certified development in North America, 243 acres of mixed-use development that fuses together residential, retail, entertainment and commercial and IQ Condos – master planned community, eight acres mixed-use neighbourhood with seven condominium towers, street level retail and central park.

Founded in 1992, with over 8,000 homes built to date. Currently featuring the Platinum Home Collection, The Randall Residences and La Reserve, located in Oakville. Coming Soon: The Neighbourhoods of Mount Pleasant Phase 5 and Urban Towndominiums Phase 3 in Brampton, Ivy Rouge Phase 2 in Oakville, Dreamfields Phase 5 in Bradford, On the Ridge Phase 3 in Stoney Creek, Anchor Woods Phase 3 in Holland Landing, The Vincent Condos in Vaughan and The Rebecca Condos in Hamilton. Member in good standing of BILD, OHBA, WEHBA & NHBA.

MORE THAN 500 PROFILES ONLINE AT MYHOMEPAGE.CA/WHOS-WHO 32 condolife magazine | May 8–June 5, 2021

WHO’S WHO IN THE NEW CONDO INDUSTRY

DANIEL GUIZZETTI

KIM KOPYL

President / CEO and Co-Founder, Empire Communities

Vice President of Sales & Marketing, Elite Developments

He has been involved in the development of residential, commercial and industrial real estate in North America for over 30 years. Guizzetti actively participates in all aspects of the business, including finance, investment strategy, land development and construction, as well as acquisitions and dispositions.

ANTHONY HELLER President, Plazacorp Investments Limited A real estate and development company in business in the City of Toronto for over 37 years. In the past 28 years, Plazacorp has focused on highrise condominium projects in Toronto. Heller is responsible for overall management of the company, and has particular responsibility for project finance.

CHRIS HUTCHINS Marketing Manager, Branthaven Homes Post-secondary educational background in Interior Design, with Residential & Hospitality/Commercial project experience.

Active in the Sales and Marketing management of new lowrise and midrise residential construction and development projects throughout the GTA and the Waterloo/Wellington Region.

Currently oversees 33 developments. Sales and marketing management executive with 20 years’ experience in real estate.

Recognized for creating award-winning, equitable brands, delivering substantial revenue gains. Directly attributed to 8,000 pre-construction sales in Ontario, resulting in $4 billion in sales. Her work has garnered 70 local, provincial, and national awards. Judged the 2020 CHBA, PHBA and OHBA awards. Kopyl is on the executive conference advisory committee for OHBA.

ANSON KWOK Vice President of Sales & Marketing, Pinnacle International Former hotelier and graduate of University of Guelph. Also holds an MBA from the University of Toronto- Rotman School of Management. Has over 10 years of Pinnacle experience, and has sold more than 5,000 condominium units across 13 projects in the GTA. He is currently involved in the design, development, planning, and operations of Pinnacle’s over 10 million sq. ft. of future mixed-use master-planned communities.

BARBARA LAWLOR CEO of Baker Real Estate Incorporated

TAMI KENWELL President and Founder, Madhouse Advertising Madhouse delivers with passion, innovation and brand integrity and brings over 25 years of sales and marketing experience in the real estate industry to her clients. Leading a powerhouse team of creative individuals, Kenwell’s promotional expertise with builders/developers spans a broad range of lowrise, highrise, commercial and retail products. Specializing in interactive, digital experiences.

Baker Real Estate specializes in sales and marketing of new home and condominium communities, including hotel condominiums and resort properties. Awards include SPARK’s Influential Women in Canadian Real Estate Development 2021, 2019 BISNOW Toronto Power Women Commercial Real Estate Leaders, Key Media International Conference 2018 and winner of the Pinnacle 2017 Riley Brethour Award from BILD. Since 1993, she oversees all operations in the GTA, Vancouver, and Montreal, and internationally in Shanghai.

ESTHER LAY DAVID KLUGSBERG

Sales & Marketing Manager, Pinnacle International

President/COO, L.A. Inc.

Responsible for overseeing the sales and marketing activities for the residential projects throughout the GTA. Pinnacle is currently developing master-planned communities, such as Pinnacle Uptown in Mississauga, Pinnacle Etobicoke in Etobicoke, the highly anticipated Pinnacle One Yonge in Downtown Toronto, and their newest master-planned community, Pinnacle Toronto East, at Sheppard Ave. E. and Warden Ave. Pinnacle International is one of Canada’s leading builders of luxury condominiums residences, hotels and commercial developments in North America.

Over 30 years experience in marketing real estate, including highrise and lowrise housing, resort communities, hotel and retail developments and rental housing in Canada and the U.S. Has worked for developers and agencies, bringing a unique perspective to the marketing equation. Served on the Board of BILD. Awarded the Riley Brethour Award for his outstanding and consistent achievements in residential sales and marketing.

MORE THAN 500 PROFILES ONLINE AT MYHOMEPAGE.CA/WHOS-WHO nexthome.ca | myhomepage.ca 33

WHO’S WHO IN THE NEW CONDO INDUSTRY JASON LESTER

CHRISTOPHER MARKOVIC

Vice Chair, Development DREAM Asset Management Corp.

CEO, PMA Brethour Group

Over 25 years, Lester has been involved in all aspects of residential and commercial real estate with an emphasis on mixeduse community development and legacy management. Since rejoining Dream in 2004, Lester has been responsible for a variety of large, complex projects. Lester also focused on development of renewable energy projects in provinces across Canada. Previously, Lester served as Executive Vice President at Residential Equities REIT.

Over 25 years experience in Project sales and marketing with some of Canada’s leading organizations. Markovic has worked with some of the country’s leading developers and property owners developing award winning and innovative marketing programs. He is a hands-on leader and is directly involved with the positioning, marketing and sale of PMA pre-construction projects. He has served on FRPO, ULI, and IDU Quebec.

ANGELA MAROTTA Director of Sales and Marketing, Solmar Developments

AL LIBFELD President, Tribute Communities Tribute is one of the largest builders of homes and condominiums in Toronto.

Libfeld has 45 years in the industry. Past President of OHBA. Past Chairman of Tarion.

MARY LIOLIOS Vice President of Sales and Marketing, Tribute Communities Over 22 years experience in sales, marketing and administration in the home and condominium industry. Senior Manager of Sales at Concord Adex Dev. Corp. (CityPlace). Previously with Menkes Developments Ltd.

PAT LLOYD Marketing Manager, Tribute Communities Over 32 years experience in administration, public relations and sales and marketing of new homes and condominiums in the GTA. Previously with BILD, Penta Stolp Corporation and Bramalea Corporation.

With over 20 years experience in various departments as a 2nd generation family member at Solmar, she is involved in many aspects of the business, from design and construction to sales and marketing. Established over 31 years ago, Solmar has layed the foundation for many master planned communities across the GTA with attention to detail, quality and innovation in architecture and design that range in highrise and lowrise developments.

DAVID McCOMB President & CEO, Edenshaw Developments Over 30 years of development and construction experience in Toronto and Vancouver. Having overseen Concord CityPlace and Concord Park Place, two multi-billion-dollar urban master planned residential developments, he endeavours to establish Edenshaw as the leading GTA developer of quality residential mixed use communities. Edenshaw’s flagship project, Chaz Yorkville, is the recipient of two International Project of the Year awards. Current planned development projects for over 2,000 resiential units. McComb takes pride in participating in philanthropic opportunities.

SCOTT McLELLAN Sr. Vice-President, Plazacorp

ZEV MANDELBAUM President and CEO, Altree Developments and Principal and Co-Founder at Marlin Spring Investments He holds an international degree in finance and has extensive experience working throughout the development industry.

Prior to co-founding Marlin Spring and founding Altree Developments, he headed Lanterra Developments’ Commercial division, with a strong focus on street retail.

Plaza, 2018, 2020 Tarion High Rise Builder of Year, is downtown Toronto’s leading condo developer and builder with over 4,700 suites sold in the last six years, translating into more than $2 billion in sales. McLellan oversees sales and marketing initiatives, new business opportunities and customer care practices. His duties also include product design, pro-forma analysis, and revenue management. He has been an active participant in the industry for over 25 years. McLellan is a regular keynote speaker at many industry and information seminars, as well as a member of the board of directors at BILD.

MORE THAN 500 PROFILES ONLINE AT MYHOMEPAGE.CA/WHOS-WHO 34 condolife magazine | May 8–June 5, 2021

WHO’S WHO IN THE NEW CONDO INDUSTRY

GEOFFREY McOUAT

JOE MONTESANO

Creative Director, Brand Identity Consultant and Principal, McOuat Partnership

President, Primont and Primont Properties Commercial

Recipient of numerous advertising and marketing industry awards, he has contributed to the successful completion of over 3,000 communities, condominium projects and resort condominiums. His experience also includes work with such brands as Honda, Nestlé, Butterball, Weetabix, Perrier and others.

1992 Graduate of Ryerson, Urban and Regional Planning Department. Currently developing and building communities across the GTA including Greensborough, South Unionville, Cornell, Richmond Hill, Vaughan, Caledon, Brampton and Milton.

BEN MYERS President, Bullpen Research & Consulting Inc.

LIANNE McOUAT Vice President, Strategy and Client Service, McOuat Partnership A strategic marketing professional with over 25 years years experience in all real estate sectors. A veteran of over 1,000 projects and winner of numerous sales and marketing awards at the regional, provincial, national and international levels.

A residential real estate advisory firm specializing in condominium/rental apartment market studies and high-density land valuations. Twenty years of international real estate research experience. Myers is also the Special Market Advisor at Baker Real Estate, assisting in the pricing and analysis of new home developments. As a rental market commentator, Myers and his team produce the National Rent Report for Rentals.ca. Co-host of the Toronto Under Construction podcast.

HARLEY NAKELSKY ALAN MENKES President, Highrise Residential, Menkes Developments Under Menkes leadership he has completed over 25,000 condominium units. He spearheaded a number of high-profile projects, including the Four Seasons Hotel & Private Residences in Yorkville, and the landmark Empress Walk complex in North York City Centre. Currently, he is overseeing the development of numerous projects across the GTA including 77 Clarendon and Sugar Wharf. He serves on the Board of the University Health Network Foundation and is a member of the World Presidents Organization.

President, Baker Real Estate Incorporated For over 20 years he helped to increase each developer’s top line through direct involvement in the operations of sales and marketing. Previously, he was the Vice President of Sales and Marketing for a wellknown international development company, and a Torontobased real estate consulting firm implementing marketing and sales programs for multi-family projects in Canada, the US and Mexico. Nakelsky has experience developing software systems that have formed the backbone for Baker’s real estate sales lead generation and database management.

AGATA NARANCIC JARED MENKES Executive Vice-President, Highrise Residential Division, Menkes Developments Ltd. Oversees all aspects of the High-Rise Division including the development, marketing, sales, construction and customer service of more than 20,000 condominium units across the GTA. Menkes has twice been named Canada’s top selling builder and launched luxury and mixeduse developments, including the award-winning Harbour Plaza Residences in Toronto’s South Core. He is currently overseeing Sugar Wharf Residences on the waterfront, Mobilio and Festival in Vaughan, Menkes Condo Rentals and Menkes Property Management.

Marketing Manager, Tridel Over 17 years of experience in real estate marketing. Brings Tridel’s newest communities to the market from conception to completion, including merchandising, advertising, event planning as well as supporting strategic and corporate marketing campaigns. Tridel is Canada’s leading developer and builder of condominium residences, with more than 85 years of homebuilding experience. Tridel currently has 20 condominium communities in the GTA marketplace and is committed to developing condominium communities that meet the needs of today’s homeowners while safeguarding the well-being of future generations.

MORE THAN 500 PROFILES ONLINE AT MYHOMEPAGE.CA/WHOS-WHO nexthome.ca | myhomepage.ca 35

WHO’S WHO IN THE NEW CONDO INDUSTRY

LINDA O’CONNOR

DON PUGH

Partner, Ryan Design International Inc.

Partner, The Daniels Corporation

Over 26 years of branding and strategic marketing experience. Provides overall strategic direction to clients. A recognized real estate marketing, professional, providing insight in all aspects of marketing including digital marketing, promotion, public relations, website design, touch and interactive technology.

DARRYL ORIAN Account Director, 52 Pick-up Inc. With a Bachelor of Commerce in Marketing Management and his designation as a Realtor, he has been a force in the new real estate sector for over 15 years, launching more than 30 projects across Ontario from Collingwood to Niagara Falls, to Ottawa. Bringing a strong passion and enthusiasm, he works closely with his clients to launch successful marketing campaigns that meet both project based and larger corporate driven goals.

One of Canada’s preeminent builders and developers, creating new home communities throughout the GTA. Pugh plays an integral role in the development of all Daniels’ lowrise communities, from design development and contracting, project management, sales and marketing to after-sales service.

He also oversees the building and operations of all Daniels’ Gateway Rental communities; commercial leasing and Daniels Home Management.

MARK REEVE Partner, Urban Capital Property Group Urban Capital develops condominiums with a project portfolio of more than 8,000 units completed and under development across Canada, including Toronto, Ottawa, Montreal, Winnipeg and Halifax. Toronto based, Urban Capital is forward-looking, leading the modern design trend in condominium development, working in collaboration with award-winning architects and interior designers.

JULIA ROSS Senior Marketing Manager, Tridel

MICHAEL PEARL Principal, Lifetime Developments Oversees the company’s construction management division, from planning to financing, through to closing and customer care. Working with Lifetime for the past 20 years, Pearl lives and breathes construction and has dedicated his career to building thriving and interconnected communities in Toronto. A natural leader and people person, Pearl’s creative approach to problem solving has resulted in some of Toronto’s most notable, acclaimed and successful projects, including Bisha Hotel, Panda Residences and Liberty Market Tower.

More than 20 years of successful sales and marketing experience in all aspects of corporate and new home condominium development at Tridel.

Tridel is Canada’s leading developer and builder of condominium residences with more than 85 years of homebuilding experience. Tridel currently has 20 condominium communities in the GTA marketplace and is committed to developing condominium communities that meet the needs of today’s homeowners while safeguarding the well-being of future generations.

JAYSON SCHWARZ Senior Partner at Schwarz Law Partners LLP

HELEN PRUCHA Partner, Personal Promotions Group Personal Promotions Group is a group of highly motivated and experienced marketing and communications strategists.

They bring a wealth of expertise to the team, and their real estate clients are always assured that the marketing and communications are working together to deliver effective and measurable results.

Over 43 of practice in the areas of real estate law, including developer, builder and consumer representation; corporate/ commercial transactions; domestic and international business structure, tax, succession and corporate planning. Completed his master’s degree in business law at Osgoode Hall Law School in 2011.

Guiding consumers through the real estate maze for well over two decades through his company and his Legally Speaking column in this magazine, he has written for, and been quoted in, several large national publications and newspapers and has appeared as a real estate expert on radio and television.

MORE THAN 500 PROFILES ONLINE AT MYHOMEPAGE.CA/WHOS-WHO 36 condolife magazine | May 8–June 5, 2021

WHO’S WHO IN THE NEW CONDO INDUSTRY

ANNABELLE SONG

ALEX WONG

Marketing, Sales & PR Manager, Flato Developments

Senior Digital Marketing Manager, Tridel

Strong educational background with two Bachelors degrees in Business Management and Automation (Engineering), and one Master degree in Communications (Arts).

Song has extensive national and international experiences at experiential marketing and advertising for over 10 years. She is in charge of all marketing, sales and PR initiatives in Flato. She is also a current Rotary Club member, serving local communities in Ontario.

Over 15 years of experience in online advertising, email marketing and digital campaign development. Creates digital strategies and provides web metrics and analysis for Tridel’s marketing team. Tridel is Canada’s leading developer and builder of condominium residences with more than 85 years of homebuilding experience. Tridel currently has 20 condominium communities in the GTA marketplace and is committed to developing condominium communities that meet the needs of today’s homeowners, while safeguarding the well-being of future generations.

GARY SWITZER CEO, MOD Developments Inc. Switzer is one of the city’s most awarded developers. A graduate of the University of Toronto School of Architecture, he began his career at WZMH Architects before working in the planning department for the City of Toronto. Later, he went on to help establish the highrise division of Great Gulf Homes, and in 2009, he co-founded MOD Developments with Noorez Lalani. Switzer is the chair of the Toronto Chapter of BILD, a frequent lecturer at UOT, York University and Ryerson University.

ANASTASIA TESTANI

RUO WU Manager, Sales Operation, Aoyuan International (Eastern Canada) Wu brings over 10 years of experience in pre-construction real estate. He has worked within sales and marketing for over 25 highand lowrise projects in the GTA. Prior to joining Aoyuan International, he worked for various developers, including Empire Communities and Pace Development. For the last two years, Wu has led the sales for M2M’s Phase I, which is now under construction in North York, gearing up to launch Phase II.

Marketing & Communications at Lifetime Developments Testani holds a Bachelor of Arts, Honours from the University of Guelph. With a lifelong passion and interest in real estate, She has overseen the sale of more than 1,300 condominium units across five projects in her role with Lifetime Developments. As Charity Coordinator, Testani has managed fundraising initiatives that have raised over $800,000 for Lifeline Foundation and over $350,000 for COVID relief with See You Soon Toronto.

DAVE WILKES President and CEO of the Building Industry and Land Development Association (BILD) Dave Wilkes is the President and Chief Executive Officer of the Building Industry and Land Development Association, a position he assumed in January of 2018. Wilkes has more than 25 years of senior management experience. Most recently he served as the Senior Vice President, Government Relations & Grocery Division at the Retail Council of Canada. He began his career with the government of Ontario. Wilkes is a graduate of Ryerson University. He is an active volunteer serving on the housing committee of the Black North Initiative and previously on the board of directors of the Ontario Curling Association George Brown College.

DAVID WEX Partner, Urban Capital Property Group Urban Capital develops condominiums with a project portfolio of more than 5,000 units completed and under development across Canada, including Toronto, Ottawa, Montreal, Winnipeg and Halifax. Toronto based, Urban Capital is forward looking, leading the modern design trend in condominium development, working in collaboration with award-winning architects and interior designers.

ROBERTO YANGOSIAN Group Account Director, The Brand Factory More than 20 years in the real estate industry, launching some of the most high profile real estate brands in the GTA and building their brands. Specialist in integrating branding, advertising and marketing and translating them into highly effective execution.

MORE THAN 500 PROFILES ONLINE AT MYHOMEPAGE.CA/WHOS-WHO nexthome.ca | myhomepage.ca 37

ADVICE | HOME REALTY

COVID’S EFFECT ON EVOLVING CONDO DESIGN

DEBBIE COSIC

Over the past year, our lives have changed in numerous ways because of the pandemic. We all, including professionals in the new condominium industry, have done the best we can. With most people working and shopping from home, and with the decreasing size of condominiums, developers and designers are coming up with new and innovative ways to accommodate our new normal. The focus is on safety, practicality and mental wellbeing for residents.

For example, we’re seeing major changes in the design of both condo amenities and suites. The biggest change in amenities has to do with the prevalence of work-from-home needs. Large, open workspaces with semi-private areas offer the opportunity for residents to rely on more than their suites when it comes to conducting business. In addition, we are placing a lot of importance on safety when we design; touchless handles to shared spaces, for example, where residents either swipe a card or wave their hand to open a door.

When it comes to amenities and conveniences, the age of online shopping is upon us. Condo design today includes package delivery spaces with refrigerated areas and even separate entries, so the items don’t even go to the concierge. The fewer people who handle them, the better. It’s fast, efficient and safer.

In addition, with people spending so much time indoors,

38 condolife magazine | May 8–June 5, 2021

the opportunity to get outside from a condo has taken on a new importance. In terms of amenities, some condos are now featuring running tracks, while some also include courtyards and rooftop terraces.

The demand for suites with a balcony, even a compact one, is strong. People are willing to pay a premium to get one. Although rare in Toronto and the GTA, some luxury condos offer huge terraces.

One example is Randall Residences in Oakville, with terraces as large as 1,000 sq. ft. They are like an apartment unto themselves, and they are stunning when furnished.

As for suite layouts, we are taking special care to include either a den or flex niche spaces that can fit a desk and chair for work. This space might be behind a sofa or in a hallway nook.

As marketers, we look at furniture sizes. As an example, how many people can sleep in a bedroom, and is there space for the bed, dresser and desk? Multi-function furnishings help a lot, including beds with drawers underneath or closet organizers

that allow you to fit more into that area. Some coffee tables open into desks or dining tables, and shelves in the laundry area are handy. Kitchen islands with pull-out tables is another example of clever features. In our model suites, we often place a dining table that seats four, but has a leaf to extend it to six. The point is to include as much functionality and convertibility as possible.

Once the pandemic is behind us, we will likely revert to our old ways to some degree, but not totally. People are used to the conveniences of working and shopping from home.

Today’s condos make all of this easier and safer than ever before.

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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A DEEPER LOOK AT TORONTO’S DRAFT INCLUSIONARY ZONING POLICY

BY R. SCOTT DAVIE, DAVIE REAL ESTATE INC. ownership, with a potential plan to increase the requirement to 30 per cent.

Now this is an amazing effort to bring real change to the system and certainly has the best intentions behind it. This cannot be understated. However, is there a downside?

R. Scott Davie The majority of GTA residents count their home as their largest asset.

Home ownership provides financial security, and is a source of pride and hope for the future.

The vast majority of the future generation will not likely be able to buy their own home under the current trend if we do not evolve the way we look at home ownership.

A future GTA without home ownership would hollow out the wealth of the middle class, reduce their ability to consume, have devasting affects on the economy and the financial security, hope, and happiness of a generation.

The Developers of these projects will be incurring the initial cost of the Inclusionary Zoning. The problem is that Developers must pass this expense onto the buyers in the project that do not qualify for the Affordable Units.

Developers must show a certain minimum profit on their Performa (budget) to their construction financing Lender or they will not qualify for the financing and they will be unable to build.

So, if the Developers must pass on the discounted cost of up to 30 per cent of the lots or units to the other buyers in the project this will raise the cost of the new homes and condos for the majority, 70 per cent.

We need to evolve in the way we see the problem before it is too late.

Since this will raise the cost of new condos within these designated transit areas, a higher market value for new condos just outside of these 180 key Toronto transit areas will become established.

The Ontario Government has enacted regulation 282/18 under the Planning Act that allows municipalities to implement Inclusionary Zoning (IZ) in key transit areas, providing a supply of social housing and affordable home ownership.

Developers just outside of the transit areas who have not bourn the expense of Inclusionary Zoning will be able to charge a higher price for their new condos, making more profits, based on the higher established market value.

According to the City of Toronto’s draft inclusionary zoning policy framework, Developers of new projects in key transit areas will be required to supply 10 per cent of residential Gross Floor Area to social housing and affordable home

Although this solution certainly helps the recipients of the program and Developers of nearby projects outside of the transit zone, it actually makes the Affordable Home Ownership Crisis worse for the vast majority of Buyers.

I wrote the book, The GTA Affordable Home Ownership Crisis, in order to bring understanding of the relevance of its implications, to expose the drivers behind the problems, and to point towards the pathway to the solutions.

In the book and in subsequent articles, I illustrate that: record high immigration numbers; a sever shortage of zoned land; the excessive cost of zoned land; the rising cost of building materials and labour; and a shocking 22 to 25 per cent of aggregate taxes on new homes and condominiums; among other specific drivers, are the cause of the Crisis.

It can only be through understanding by the Politicians, Developers, Industry Consultants, and the public that we can create the political will, and have the ability, to solve the GTA Affordable Home Ownership Crisis.

DOWNLOAD YOUR DIGITAL COPY NOW, AVAILABLE FREE FOR A LIMITED TIME!

CRISIS The GTA Affordable Home Ownership

A DEEPER UNDERSTANDING AND THE PATHWAY TO THE SOLUTION

Written by R. Scott Davie

WWW.AFFORDABLEHOMEOWNERSHIP.CA nexthome.ca | myhomepage.ca 39

IN CONVERSATION WITH...

Edge Towers in Mississauga, by Solmar Development Corp.

SCOTT DAVIE PRESIDENT, BROKER OF RECORD DAVIE REAL ESTATE INC.

BY WAYNE KARL

Launching and selling new home and condo projects may seem like a slam-dunk, open-and-close easy thing to do – especially in markets as hot as the GTA. These things sell themselves, right?

Not necessarily. Condo projects and new home communities boast varying locations, designs and amenities, and it’s up to marketers to highlight these features. And, especially important these days, to design productive, efficient and safe sales tools.

Scott Davie, president and broker of record of Davie Real Estate Inc., with more than 30 years of experience in pre-construction real estate sales and marketing – and recent book author – is one of those experts.

Last year turned out to be quite a strong year, surprisingly, and this year is shaping up similarly.

How do you think the new condo segment will do in 2021?

There are large segments of the population that have not been 40 condolife magazine | May 8–June 5, 2021

adversely affected financially from the COVID-19 quarantine. There is a huge pent-up demand to buy real estate and a dramatic shortage of supply. Many people buy real estate in times of financial uncertainty, but many more will come back to the market when the uncertainty soon passes. New condo sales will be held back by affordability, banking industry regulations and other factors.

However, we are expected to have another strong year in sales volume and a significant increase in prices.

In 2019, you wrote a book, The GTA Affordable Home Ownership Crisis. What prompted you to have that particular take, and what were your key conclusions and advice for buyers?

We have a responsibility to give back to the community and help the next generation. I wrote this non-profit book to bring understanding of the severity of the problem, and to provide a pathway to the solution, to

the public, politicians and industry professionals. It is only through understanding and working together, that we will have the ability, and the political will, to solve this crisis.

If it was a crisis then, in 2019, what is it now, since the affordability issue has only gotten worse?

We are seeing progress with the provincial government making affordable homeownership a priority.

Since the majority of wealth of the middle class is in their home, and the majority of the next generation will not be able to afford to buy a home without significant financial support from their parents, we are facing a future where we could see a hollowing out of the wealth of the middle class. This would have a devastating effect on consumption and on the economy. A generation without homeownership would also result in a loss of the financial security, hope for the future, and happiness that homeownership brings.

What is the solution?

It’s a complex subject, and there are many solutions. Here are a few examples: Creating a balance between the supply of new homes and condos and immigration numbers, reducing the 20- to 25-percent aggregate tax on new homes and condos, municipalities allowing greater density in zoning; creating new trains and highways connecting the GTA to rural areas; architects and developers creating new denser property types and designs; bringing back the land lease; and reducing predatory banking regulations.

A proposal to build Hwy. 413, with potential development around it, is a pretty hot topic these days.

Why should GTA residents and prospective homebuyers at least be open to the possibility that it could help address affordability and supply?

Increasing supply of zoned residential land is our most effective option to solve the affordability crisis. The creation of Hwy. 413, beginning near Hwys. 407 and 401, heading north from Mississauga to Caledon, then east to Hwy. 400, will make a positive contribution to increasing supply.

More supply takes upward pressure off prices.

All things considered, where are the next hot pre-construction condo areas in the GTA? Where should buyers be looking?

For those who can afford downtown Toronto prices, I recommend a 35to 50-per-cent down payment to have a secure investment. Prices and rent will soon be unaffordable to the average person, much like Manhattan is today. For the majority of investors, I recommend Mississauga and Vaughan in locations near subways, LRTs, and highway access to downtown Toronto.

And for lowrise?

If the priority is affordability, then I would recommend a location that is near a GO train station to the west or north of the GTA. I am not confident in the long-term viability of buying for investment in small towns far away from the GTA, due to rental market saturation. Anywhere along the new Hwy. 413 would also be recommended for a lowrise purchase that will enjoy a superior increase in value.

One of the trends to emerge during these pandemic times, is people moving outside the city in search of bigger homes and more space. How do you view this… is it sustainable, or is a temporary reaction?

It has been going on for a number of

years and will continue. The students and working people in their 20s who were renting downtown have moved back in with their parents temporarily and have had a major impact on the rental vacancy rate, but this will return to normal when the pandemic ends.

People who live downtown do so for a reason, and would not be happy living in small towns.

There’s talk of new mortgage regulations and other possible government initiatives to cool the market. What’s your view on this, and what would you advise Ottawa to do?

When the government or banking industry attempt to cool the market, they knock potential buyers off the bottom of the homebuying ladder, so it would be best if they did not get in the way. The new stress test of two per cent higher than the rate of borrowing, or 5.25 per cent, whichever is higher beginning June 1, will hurt affordability and the majority of bank customers.

Homebuyers will qualify for less than they can comfortably afford, and they will be forced to buy smaller homes or those in less desirable neighbourhoods than they would like. Banks benefit from having less competition when customers renew and less risk when lending. davierealestateinc.com

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

Since my industry is considered an essential service, I have kept busy working throughout the quarantine. However, it has created an opportunity to have more of a work life balance, and I enjoy more quality time with family.

When the pandemic is all over, what’s the first thing you’re going to do?

I look forward to having normal human contact with people again, being able to shake hands and communicate without a mask. Although I recently returned from a vacation in Hawaii where everything was open, travelling and eating in restaurants again is something I miss the most. Perhaps a trip to Japan and Italy will be next when it is safe.

What’s on your reading list these days?

Next on my reading list is Jordan Peterson’s Beyond Order: 12 More Rules for Life, and Meditations by Marcus Aurelius. The first book explores the importance of having a balance between chaos and order, or the yin and yang, in life. The second is a fresh copy of one of my all-time favourite books, on stoic philosophy and is rich in timeless life lessons. Since we are our own biggest obstacle in life, I think it is vitally important to be introspective.

nexthome.ca | myhomepage.ca 41

ADVICE | LEGALLY SPEAKING

WHAT TAXES ARE PAYABLE ON CLOSING?

JAYSON SCHWARZ, LLM

It is the week before your closing on your newly constructed home.

Your lawyer has just reached out to explain the money you need to bring in. All of this is set out in the Statement of Adjustments received from the builder’s lawyer, which clarifies the numbers relating to real estate taxes and HST. Quite likely, it will all seem confusing.

As the buyer, you are responsible for property taxes from the day of closing, and the prior owner (the builder) is responsible for property taxes up to the day before closing.

When closing on a new build condominium or freehold property, be aware that at the time of closing, the taxing authority has not yet assessed your property, so there is no tax being billed or collected on your new home. Months will pass before roll numbers are created for each new property.

When they are issued to the local municipality, a tax bill will be sent.

These tax bills include property tax charges back to the creation date of the new property, so you will receive what are called omit or supplementary tax bills. These charges can often include 12 to 18 months’ worth of tax obligations.

You will also receive a tax bill for the current cycle., At closing, the builder will make an educated guess on the current and future tax situation and adjust accordingly.

Remember, when you later get your assessment and true tax bill,

42 condolife magazine | May 8–June 5, 2021

you may be entitled to an adjustment from the builder.

The HST situation is confusing from the start. First, if you or a member of your immediate family is going to live in the home, you are entitled to the HST rebate. If you intend to rent it out, you are not entitled to it on closing, but apply to get it back with your tax return.

Then, of course, there is the issue of assignments. If you have assigned your agreement, make sure it is in the assignment agreement that the buyer of your unit understands they will not qualify for the rebate on closing, and they will have to get it back later. Moreover, you will have an obligation to collect HST on the increase in value and possibly on the deposit, from the assignment buyer, and remit to CRA. Further, in pre-construction condominium assignments with occupancy closings, an assignee must confirm whether the unit has

ever been occupied. If it has been, then the assignee may not be eligible for the rebate and must make sure it is handled in the assignment offer.

Finally, don’t forget that HST may be levied on all appliances and other chattels that come with the property.

The moral of the story is that you really should retain an experienced lawyer to help you through these issues, whether you’re buying or selling. Realtors are valuable resources, but it’s your lawyer who will take the time to review everything properly, answer any questions and ensure you are protected.

Jayson Schwarz, LLM, is Senior Partner of Schwarz Law Partners LLP, Toronto. schwarzlaw.ca, info@schwarzlaw.ca

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ADVICE | CONDO PRO

USE YOUR TIME TO SHOP FOR A NEW CONDO FROM HOME

BARBARA LAWLOR

Life is certainly a roller-coaster these days, isn’t it? As more Canadians become vaccinated against COVID-19, we continue to acclimate to a new normal. This is true in all areas of life, including real estate.

There is no question that owning a new condominium in Toronto or the GTA is a wise move, whether you are going to live in it, or you are an investor who intends to rent it out. Just look at how prices – and demand – have risen over the past decade. And once the borders open up again, we will welcome another influx of immigrants, many of whom will want to live in condominiums.

While the pandemic is still looming over our heads, you may be reluctant to make your purchase now. The thing is, lockdowns offer you time to explore the market at length simply by sitting at your computer.

Location, location, location is always the top priority when shopping. You will find condominiums in all areas of Toronto and in most 905 municipalities. If you intend to live in the condo, look for the aspects of locations that fit your lifestyle. Do you have children? Search for what schools are nearby. Have a pet who is an important family member?

Narrow your choices to the condos that are close to parks or have dog wash and grooming sections right in the building. Don’t own a vehicle?

Check which residences are close to – or even on – public transportation routes. Plug in the various addresses

181 East at 181 Sheppard Ave. East.

you are considering to walkscore. com, which ranks the location as to walkability, bikeability and access to public transportation. If you are an investor, this is even more important, as renters may not own vehicles.

Of course, price is right up there in importance. If you are pre-qualified for a mortgage (and I suggest you do that if you are a first-time or even a seasoned buyer), then you know what price range to look in. Prices seem high right now, but they are bound to increase even more. The moral of the story is to buy sooner rather than later, while we are still enjoying amazingly low mortgage interest rates.

Building architecture and amenities are also considerations. They should fit with your aesthetic preferences and personal needs. Remember that if there is an amenity you may not use, it might still help when you go to sell the condo someday.

As for suites, you need to zero in on the size and configuration that is

best for you. If you can afford a layout with a den, you may be adding a substantial amount onto your future resale value. The den is a flexible area that can become a nursery, office, art studio or any number of other uses, so it appeals to a broader audience of buyers and renters.

During the pandemic, we have all made the most of our lives within the necessary limits. If you are in the market for a new condo, make the most of the time you have to research the market thoroughly.

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

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nexthome.ca | myhomepage.ca 43

BUILDER PROFILE | THE DANFORTH

Artist Concept

LINX CONDOMINIUM TRIBUTE’S GROUNDBREAKING FOR THE RESERVE COLLECTION WAS TRULY GROUND-BREAKING Last month, Tribute Communities proudly put ceremonial shovels in the ground to celebrate the official groundbreaking of this long-awaited addition to the Danforth community.

The typical ceremony and fanfare were not possible this year, and although the development teams from Tribute and Greybrook could not attend, their presence was felt – and will be felt in this building for decades to come.

The groundbreaking comes hot on the heels of Tribute’s successful preservation of a distinct part of this city’s storied history – the quaint cottage at 292 Main Street in the heart of the Danforth. Thanks to its 44 condolife magazine | May 8–June 5, 2021

recent and well-deserved Heritage Designation, this historic artifact has been successfully relocated only a few feet away and is getting a new lease on life, thanks to The Reserve Collection at LINX Condominium. Soon, it will join The Reserve Collection’s already generous offering of on-site amenities which includes a party room, guest accommodations, a tech lounge, outdoor terraces, a well-appointed fitness centre, lounge, kids’ zone and so much more.

Tribute focuses on creative and efficient design across all projects in its portfolio. The milestone of moving the heritage house is an example of

that commitment. “Ultimately, the home will become part of the lobby space at The Reserve Collection at LINX Condominium,” says Mary Liolios, vice-president of sales and marketing at Tribute Communities. “The building’s own amenities, in addition to being steps away from TTC and GO, and all the amazing surrounding neighbourhoods, makes this a truly connected condominium.”

The Reserve Collection at LINX is a 27-storey condominium just steps from the Danforth GO station, Main Street subway station and the 506 streetcar. Danforth’s Greek Town is minutes away, boasting some of the

“

The building’s own amenities, in addition to being steps away from TTC and GO, and all the amazing surrounding neighbourhoods, makes this a truly connected condominium.

best restaurants and eateries the city has to offer. To the south is life by the lake in the Beaches neighbourhood, with trendy shopping and dining just steps from the boardwalk and Woodbine Beach.

Condo suites include elegant interior finishes, contemporary open-concept layouts, large balconies, and new smart home features to control the use of your space with your phone.

It’s this commitment to adaptation and embracing next-level change that has brought award-winning Tribute Communities to the forefront

”

of developers across the GTA. By incorporating exceptional quality, value and excellence in construction and community design into every new project, Tribute is able to stay ahead of what homebuyers are looking for in a new home. From Tribute Communities’ master-planned communities across the GTA, to condominiums on the Danforth and many A-plus locations in downtown Toronto, the diversity and sheer scope of landmark communities is staggering, and exactly what has built Tribute’s reputation for innovation and Artist Concept Artist Concept

quality for more than three decades.

The Reserve Collection is just one in a long line that Tribute Communities and Greybrook Partners have throughout the GTA. From lowrise residential to highrise and all points in between, the relationship between Tribute and Greybrook is only growing stronger and is resulting in some truly landmark communities that homebuyers will be enjoying for decades to come.

Tribute Communities is an awardwinning builder with more than 35 years of experience, which has built more than 35,000 homes and condominiums across the GTA. Tribute consistently creates unique highrise and lowrise communities that are always above industry standards for excellence and design. The company has an outstanding reputation that has been recognized with many top industry awards.

For more information on The Reserve Collection at LINX Condominiums or to discover Tribute’s many other fine communities, visit mytribute.ca. nexthome.ca | myhomepage.ca 45

Builder proFile | Burlington

GALLERY PENTHOUSE MASTERPIECE COLLECTION NEW CARRIAGE GATE PROJECT OFFERS UNRIVALLED EXCLUSIVITY AND SPACE The Gallery Penthouse Masterpiece Collection offers unrivalled exclusivity and space. Each penthouse suite is paired with its own unique view with large expansive windows and private outdoor spaces, offering countless opportunities to bask in the beautiful views.

A luxurious lifestyle awaits, designed by renowned Tomas Pearce Interior Design. Open-concept layouts invite a natural cadence to modern living that is perfect for entertaining, with suites ranging in size from 1,400 to more than 2,400 sq. ft. for two- and threebedroom layouts, many with dens and all with private balcony/terraces.

European style kitchens, soaring 10 ft., ceilings, sleek polished quartz countertops, large islands and 46 condolife magazine | May 8–June 5, 2021

pantries, high-end appliances and contemporary lighting contribute to the luxurious design of each suite. Residents will revel in the spa-inspired bathrooms, with deep soaker tubs, quartz countertops and heated floors to recharge and unwind after a busy day.

Suites start at $1.375 million for these exceptional designs. The backdrop consists of limitless sky, and seemingly endless landscape.

With only 14 unique residences from the 19th to 22nd floors, the Masterpiece Penthouse Collection offers unquestionable exclusivity.

“Demand for residences of this caliber continues to grow, and we are excited by the attention to detail that Carriage Gate brings to the

design,” says Linda Davies of Davies Condos, broker of record for Gallery Condos + Lofts.

The building, designed by Turner and Fleisher Architects, is a work of modern architecture showcasing a unique four-storey podium that anchors the tower. Historic elements married with modern influences all come together at Gallery Condominiums, set in the heart of downtown Burlington.

Stepping outSide the luxuriouS SuiteS

A series of amenities await to recharge and rejuvenate, incorporating sumptuous details such as a refreshing indoor pool with indoor and outdoor patio area, tranquil

yoga studio to practice your flow inside, or step outside onto a serene space to breathe and be one with the elements. The games room, private dining room with fireplace and bar set the scene for sharing all of life’s colourful moments. A retreat in the sky on your own rooftop oasis allows you to dine alfresco surrounded by breathtaking views and vantage points of downtown Burlington and Lake Ontario.

Perfectly positioned at Brant and James Streets, the building’s lushly landscaped piazza-style environment features patios and convenient street level retail. Shop, dine or sit and watch life unfold in the energy of the downtown core directly across from City Hall.

As a homeowner here, you will also be closely connected to a vast network of waterfront parkland and nature trails. Wander to

Spencer Smith Park, with its scenic waterfront promenade and expansive greenspace. Explore the Brant Street pier, extending 132 metres into Lake Ontario, providing breathtaking views of the lake and city’s shoreline.

Here, there is no limit to living your best life.

ABout CArriAge gAte

Carriage Gate has been building in southwestern Ontario areas for more than 30 years. It has created awardwinning communities in Hamilton, Ancaster, Stoney Creek and Oakville.

As a visionary company specializing in the construction of high-quality homes, modern condominiums, commercial developments and urban highrise communities, Carriage Gate celebrates the past and ensure its commitment to being “home to new living.”

For more information about Gallery Condos + Lofts Masterpiece Collection, visit gallerycondominiums.ca to book your private appointment, or call 905.637.3885. nexthome.ca | myhomepage.ca 47

BUILDER PROFILE | MIssIssaUga

PERLA AT PINNACLE UPTOWN PINNACLE UPTOWN’S PERLA IS MISSISSAUGA’S LATEST GEM In this hot real estate market, the most savvy condo watchers know that timing is key to a successful opportunity. And while being among the first to seize a new suite in this redhot local market is sometimes the best chance for success, once in a while being a bit late might still be great.

Pinnacle’s latest condo development in Mississauga is the perfect example. Now fully built and occupying, there is a handful of great suites still available and ready for immediate occupancy.

Perla, the newest condominium in the developer’s Pinnacle Uptown community at Hurontario and 48 condolife magazine | May 8–June 5, 2021

Eglinton, boasts more than 460 units, in a range of floorplans.

“Pinnacle Uptown has proven to be one of the most successful new residential communities in Mississauga,” says Pinnacle’s vicepresident of sales and marketing, Anson Kwok. “We’ve introduced, sold and occupied over 1,300 condominium suites at Pinnacle Uptown, and with just a few units left at Perla, we believe that this limited collection offers today’s condo buyer the best opportunity on the market right now. It is a chance to purchase a move-in ready suite, in an established residential community. This collection

offers buyers all the benefits of new construction and with a much quicker move-in period.

“Purchasers acting now to secure one of the remaining suites at Perla will know they’ve made the right decision, and this new residence will suit their needs perfectly,” adds Kwok.

Perla is a two-tower development in the Pinnacle Uptown community, a 37-acre master-planned development in the heart of Mississauga. The two towers at Perla stand at 34 and 15 storeys, anchoring the community in a thriving urban neighbourhood.

Minutes to Square One Shopping Centre and surrounded by office

buildings, shops, restaurants and entertainment, getting anywhere in the GTA is easy – thanks to Perla’s proximity to major highways and convenient access to public transit.

And while connecting with the GTA from Perla is incredibly easy, those who choose to live here may never want – or need – to go far. The development features elegant designs and amazing amenities, all influenced by the stylish design vision of Tanner Hill and Associates.

Among those amenities and activities Perla residents will be able to enjoy are a relaxing swim in the indoor pool or a soak in the hot tub, exercise in the state-of-the-art fitness room, a fun game of pool in the billiards room, or some “me time” in the library. Children will love exploring their own designated play area, and the entire family can gather on the outdoor terrace for some cocktails and a barbecue.

Suites still available at Perla all perfectly serve to combine function and form, seamlessly. Each suite is highlighted by luxurious finishes including soaring nineft. ceilings, expansive full height windows, designer cabinetry, quartz countertops, stainless steel kitchen appliances and under cabinet lighting.

“In the GTA’s condo market, like in life, timing is everything,” says Kwok.

“And the timing couldn’t be better to start your life at Perla.”

To find out more, visit pinnacleinternational.ca or email info@pinnacleuptown.com.

nexthome.ca | myhomepage.ca 49

Aoyuan, Wallman Architects, and SKYGRiD on the future site of M2M’s master-planned community, with Phase I currently under construction.

M2M PHASE I

AOYUAN LAYS THE GROUNDWORK FOR FAMILY-FOCUSED LIVING IN THE CITY Lots of progress is being made at Aoyuan’s 8.6-acre master-planned community in North York. Below grade construction for the project’s two-tower Phase I is almost complete, and construction workers are now laying the structure for the ground level.

M2M initially launched in 2018 and has since had many milestones to celebrate along the way. The new community was the fastest selling project in 2018, and in 2019 M2M won the BILD People’s Choice Award.

Located on the southern portion of the former Newtonbrook Plaza site, a two-minute walk from the Yonge and Finch subway terminal, M2M Phase I will include 808 family-oriented residential units, new retail and commercial space facing Yonge Street. With a focus on family liveability and wellness, amenities include indoor/outdoor kids play areas, a yoga studio, two-storey gym, private landscaped courtyard, co-working space, podium roof swimming pool and sunbathing deck, as well as indoor and outdoor lounge and entertaining spaces.

Putting families as the driving force behind M2M’s design, more than 60 per cent of units in the project will be two-bedroom and up. In the last year, Aoyuan released M2M Spaces – a collection of two-storey townhomes and sub-penthouse units to accommodate the growing demand for more spacious real estate in the city. Reflecting on the project’s initial success in the local market, the development team is now gearing up for the launch of Phase II this summer.

50 condolife magazine | May 8–June 5, 2021

When the entire M2M community is complete, it will include five towers with 1,750 residential units, 180,000 sq. ft. of office and retail space, a new community centre, a public park and a daycare. The project is being designed

by Wallman Architects, with construction led by SKYGRiD.

Aerial rendering of the M2M master-planned community, including a new public park. Phase I (left), launched in 2018, won the BILD People’s Choice Award in 2019.

PHOTO: GEOFF FITZGERALD

BUILDER PROFILE | NORTH YORK

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BUILDER PROFILE | OSSINGTON

THE DUPONT TRIDEL BRINGS URBAN SOPHISTICATION AND HERITAGE CHARM TO DUPONT STREET

The Dupont, Residences East of Ossington is a new ninestorey 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, this south midtown urban community will be an incredible new landmark.

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 that’s home to unique retail, local cafes, award-winning restaurants, hidden gems beloved by those locals in-the-know, 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 52 condolife magazine | May 8–June 5, 2021

Ossington strip; the inviting restaurants and boutiques on St. Clair West; the popular farmers’ 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.

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 groundfloor retail filled with the conveniences of shops, cafes and local delights. Grab your morning coffee while still

in your slippers, or pick up some last-minute 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.

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 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

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, digital door locks, as well as 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. Visit tridel.com for prices and floorplans. Residences starting from the low $600s. tridel.com

nexthome.ca | myhomepage.ca 53

BUILDER PROFILE | MISSISSAUGA

ORO AT EDGE TOWERS NEW RELEASE OF SUITES FROM SOLMAR 54 condolife magazine | May 8–June 5, 2021

Solmar Development Corp. presents Oro at Edge Towers, a new 50-storey condominium located on Hurontario Street, steps south of Burnhamthorpe Road. It is the only new downtown Mississauga condominium that is located right on the new Hurontario LRT, and it is a short walk to the Cooksville GO train station and Square One Shopping Centre.

After the highly successful launch of Oro, Solmar is releasing new suites and floorplan designs, together with the Penthouse Collection.

The new release will feature onebedroom plus den, two-bedroom and two-bedroom plus den suites ranging in size from 508 to 1,249 sq. ft., while the ultra-luxurious three-bedroom plus den penthouses are 1,850 sq. ft., with only four suites per floor.

The new release of suites will be priced from $645,900 and the Penthouse Collection from $1.2 million, with luxurious upgraded details.

Oro means gold in Italian. It suits the high level of quality finishes that run throughout all three of Edge Towers, the quality Solmar has been recognized for in more than 30 years in business.

Luxury suite finishes include fully integrated stainless steel kitchen appliances, a full size, name brand washer and dryer, nine-ft. smooth ceilings, stone countertops, premium plank laminate flooring, and frameless glass shower doors.

Amenities also make a difference when defining quality. Oro at Edge Towers will have a timeless elegance theme that will begin in the Dochiadesigned lobby, with its neutraltoned, Italian marble floors and Venetian plaster columns, resembling a fine hotel. A 24-hour concierge, guest suites, a galleria, multi-level gym with window surround, yoga studio, games room, sports lounge, Wi-Fi lounge, and movie theatre are all included for a modern lifestyle.

Says Angela Marotta, director of sales and marketing, “Solmar is a family business that has over 30 years of experience developing masterplanned communities and building fine quality homes and condominiums,

with the highest standard in quality and after sales service.

“We are nearing the completion and occupancy of Park Avenue Towers. Nearby is Bellaria, the last highrise project we completed, a four-tower community located at Jane and Rutherford, known as the most luxurious condominium community in Vaughan. Oro, and Edge T1 and T2 are also expected to be the most luxurious condominium community in downtown Mississauga, for years to come.”

Scott Davie, president of Davie Real Estate and listing broker at

Edge Towers and Oro, says, “When homebuyers choose the best location from a developer known for the highest standard in quality and after sales service, they get a better condo, will make more money as a secure investment, and have a happier experience. Isn’t that what it is all about?”

Visit the presentation centre, located at 24 Elm Dr. W., Mississauga, open noon to 6 p.m. Monday to Thursday; 11 a.m. to 5 p.m. weekends.; closed Friday. 905.804.0592 | solmar.ca edgetowers@solmar.ca nexthome.ca | myhomepage.ca 55

CONDO PROFILES

MRKT Alexandra Park

developer: style: size: prices from: features:

Toronto

Pinnacle Toronto Cypress

Toronto

Tridel

Highrise from 623 to 1,270 sq. ft. $780,000 • 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 56 condolife magazine | May 8–June 5, 2021

developer: style: size: prices from: features:

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 Landing

Whitby

developer: CARTTERA style: 1 high-rise and 5 low-rise buildings with shared courtyards size: 506 to 1,225 sq. ft. prices from: The mid-$400,000s features: • Variety of 1 Bed, 2 Bed, 3 Bed designs with spacious layouts, many with dens • Designer kitchens with quartz countertops, porcelain backsplash • Within a three-minute walk to Whitby’s GO Station, the waterfront, shopping destinations and more • 9-foot ceiling heights, laminate flooring throughout • Building amenities - indoor/outdoor lounge/event space with barbecue terrace for entertaining; modern fitness centre, yoga studio, Zoom rooms and workspace off the lobby, dog wash, bike wash/repair contact: TheLandingCondos.ca location: South of Victoria Street and west of Brock Street South, Whitby

CONDO PROFILES

Perch

Toronto

Hire a RenoMark™ renovator and renovate with confidence RenoMark™ provides: Two-year warranty Written contract and scope of work

developer: style: size: features:

$2-million liability insurance Appropriate licences and permits Peace of mind

FIRMLAND

12 storey boutique building 466 sf – 1,385 sf • Ravine setting overlooking Highland Creek • Spectacular ravine and lake views • Large spacious suites with balconies/terraces • 9’ ceiling heights. 10’6” on floors 5,6 and 11 • Amenities include: Fireside lobby lounge, concierge, ravine-side party room, fitness centre with outdoor connection, work space, outdoor kids play area, stroller parking area, pet spa & outdoor pet area, BBQ’s on main floor and rooftop terrace, Rooftop dining and lounge contact: info@perchcondos.com / 416.724.8888 / perchcondos.com location: Sales Centre 4679 Kingston Road

Visit renomark.ca

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CARTOGRAPHY: MARKETMAPS.COM

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

nexthome.ca | myhomepage.ca 59

HOT PROPERTIES

FIND YOUR NEXT HOME

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

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

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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 Markham...............................Canvas on the Rouge.................................... MR ......................... Donald Cousens Pkwy & Ninth Line ................................. flatogroup.com Mississauga ..........................Amber at Pinnacle uptown ......................... HR ......................... 5044 Hurontario St. ..............................................pinnacleinternational.ca Mississauga ..........................Perla Towers at Pinnacle Uptown.............. HR ......................... 5044 Hurontario St. ..............................................pinnacleinternational.ca Mississauga ..........................Oro at Edge Towers ...................................... HR ......................... 24 Elm Dr.W..........................................................................................solmar.ca Mississauga ..........................Brightwater Condos .....................................CTH........................ 70 Mississauga Rd. S. .......................................mybrightwatercondos.com Mississauga ..........................Artform Condos.............................................. MR ......................... 86 Dundas St. E. ............................ artformbyemblemdevelopments.com Mississauga ..........................M4 at M City..................................................... HR ......................... 3891 Redmond Rd. at Burnhamthorpe .............................urbancapital.ca North York ............................M2M ................................................................... MR ......................... Yonge & Finch ..................................................................... m2mcondos.com North York ............................M2M Phase I .................................................... HR ......................... Yonge St. & Cummer Ave. ..................................aoyuaninternational.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 Toronto .................................LeftBank ............................................................ HR ......................... River St. & Dundas St. East..................................................... broccolini.com Vaughan ................................Park Avenue Place 1 & 2 ............................... HR ......................... Jane St. & Rutherford Rd. ................................................................solmar.ca Vaughan ................................The Vincent...................................................... MR ......................... Jane St. & Hwy. 7 ........................................................................ thevincent.ca Vaughan ................................The Rose Hill Condos ................................... MR ......................... 177 Woodbridge Ave.......truecondos.com/capital-north-communities Vaughan ................................SXSW Condos .................................................. HR ......................... Islington & Steeles..........................................................primonthomes.com Whitby ...................................The Landing Whitby Harbour ................. HR/MR ..................... 1604-1616 Charles St. .................................................................carttera.com

MAPS

Locate properties using the map on the previous page

60 condolife magazine | May 8–June 5, 2021

+

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

HOT PROPERTIES | OUT OF TOWN

FIND YOUR NEXT HOME

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

Youngs Point

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CARTOGRAPHY: MARKETMAPS.COM

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nexthome.ca | myhomepage.ca 61

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

KITCHENER–WATERLOO

Guelph

Waterloo

Milton

Kitchener

Cambridge

5

Brantford

Hamilto n 11

4

13

3 1

14

2 12

LONDON

15

London

62 condolife magazine | May 8–June 5, 2021

Mississauga

19

16 17

Oakville 18

6

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

7

Burlington

21 10

20

St Catharines

Niagara Falls

8

22

Welland

CARTOGRAPHY: MARKETMAPS.COM

9

nexthome.ca | myhomepage.ca 63

HOT PROPERTIES

FIND YOUR NEXT HOME

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

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

MAP LOCATION 1.

SITE

TYPE ADDRESS

CONTACT

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

2.

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

3.

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

4.

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

5.

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

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

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

13.

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

14.

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

15.

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

16.

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

17.

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

18.

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

19.

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

20.

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

21.

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

22.

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

MAPS

Locate properties using the map on the previous page

64 condolife magazine | May 8–June 5, 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 Access Storage ...........................................................................5 1 Alpha Gardens – Aoyuan .......................................................... 5 Black & Decker ....................................................................57, 65 Bright Side, The ........................................................................ 6 7 Dupont, The – Tridel.................................................................. 9 Erin Glen .................................................................................... 6 7 Fairmont Royal York ..................................................................5 1 Focal Point...................................................................................5 1 Gallery – Carriage Gate ............................................................ 3 Graydon Logistics ......................................................................5 1 Harry Chopra ............................................................................. 6 7 Hillmont at SXSW – Primont ...................................................1 1 Home + Style Studio Tour .......................................................5 1 Hotel Vie ....................................................................................... 4 HSBC .............................................................................................. 2 IDRC ..............................................................................................5 1 Indigo............................................................................................5 1 Landing, The – Carttera ....................................................21, 56 LeftBank – Broccolini ......................................................... 16,17 M2M – Aoyuan ............................................................................ 5 McOuat........................................................................................ 1 2 MRKT Alexandra Park – Tridel ............................................... 5 6 NextHome ...................................................................................5 1 One 30 Hyde Park – Aoyuan ................................................... 5 One Twenty – Mountainview Building Group ................... 1 9 Oro at Edge Towers – Solmar .................................13, 56, 67 Perch – Firmland .................................................................25,57 Pinnacle Toronto Cypress – Pinnacle International ......... 56 R. Scott Davies Real Estate ..................................................... 3 9 Reno & Decor .............................................................................5 1 Skytower – Pinnacle International .......................................6 8 Team Chopra Realty ................................................................. 6 7 Vincent – Townwood/Guglietti Brothers Investments/Rosehaven . 15 BUILDERS

Aoyuan .......................................................................................... 5 Bright Side, The ........................................................................ 6 7 Broccolini.............................................................................. 16, 17 Carriage Gate ............................................................................... 3 Carttera ..................................................................................21,56 Erin Glen .................................................................................... 6 7 Firmland .................................................................................25,57 Guglietti Brothers Investments .............................................. 1 5 Mountainview Building Group ............................................... 1 9 Pinnacle International .............................................................. 56 Pinnacle International ..............................................................6 8 Primont.........................................................................................1 1 Rosehaven .................................................................................. 1 5 Solmar ............................................................................13, 56, 67 Townwood ................................................................................. 1 5 Tridel .........................................................................................9,56

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nexthome.ca | myhomepage.ca 65

ADVICE | INDUSTRY REPORT

TRANSPORTATION PLANNING IS VITAL TO QUALITY OF LIFE IN THE GTA

DAve WILkes

It will be apparent to anyone living in the GTA that the change and growth that have taken place in the last century would have been impossible without transportation infrastructure.

That’s why our association and the industry agree that the region requires a new transportation hub such as the proposed Hwy. 413.

In the last century, the population of the GTA has gone from about 750,000 people to just shy of seven million in 2021. The Ontario Growth Plan projects it will rise to 11 million in 2051. Accommodating this growth, while enhancing the quality of life for residents, has required the building of houses, schools, workplaces, hospitals, leisure facilities and parks – all bound together with a backbone of road and rail.

Without the 400-series highways that were started in the 1940s and constructed in earnest through the 1970s and on – along with GO Transit, which was started in the 1960s and steadily expanded and, more recently, extended subway service – the cities and towns that make up the GTA could not support the communities and economies that they do today. Whether you live in Burlington, Vaughan or Oshawa, the house you live in, the goods you consume and the services you use depend on highways and rail lines that were planned and built well in advance. This is why having an ongoing fact-based discussion about growth and planning is vital.

66 condolife magazine | May 8–June 5, 2021

A key part of that discussion is the need for transit routes and investment in public transit to enhance the movement of people and goods necessary to address the real growth pressures of today, and in the imminent and longer-term future.

The lands around the proposed Hwy. 413 corridor are already being planned for growth, and it is true that the highway would support this future planned residential and commercial development – but that doesn’t negate the need for it.

Governments at all levels have a responsibility to plan for future growth. This involves difficult decisions that need to be made, with a view for the long-term, and not be revisited every four years during the election cycle.

For more than two decades now, governments have managed growth and development in the GTA by trying to limit expansion and avoid building new infrastructure. They have not succeeded in making the GTA more affordable or liveable.

Instead, we face housing shortages and affordability challenges, along with congested roads and insufficient services and infrastructure. Simply doing the same thing for the next 20 years will be delaying necessary action, a tactic paid for daily by every resident of Ontario.

Planning for growth, including transportation planning, is vital to enhancing the quality of life of every present and future resident of the GTA and Ontario. This is the real issue that deserves to be the focus of serious, fact-based discussion.

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

+more CONTENT oNLINe nexthome.ca

AWESOME OPPORTUNITY FOR END USERS AND INVESTORS

AT E D G E T O W E R S

T H E G O L D S TA N D A R D IN MISSISSAUGA ORO Condos is coming to Mississauga City Centre, steps to Square One, with direct access to the new LRT. Inspired architecture. Timeless elegance. Absolute luxury.

The ultimate address at Edge.

B E F I R S T. C L A I M O R O T O D AY.

G I ST E R N OW O R O E D G E TOW E R S .C A ContactR Efor more info: 647–546–7000 | Email: harrychopra@royallepage.ca Broker’s protected. Exclusive listing of Davie Real Estate Inc. All prices and specifications subject to change. E. & O.E. 2019