Toronto Condo Life - December 5, 2020

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Greater Toronto Area Dec. 5, 2020–Jan. 16, 2021

Greater Toronto’s COMPLETE CONDO GUIDE

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INSIDE:

HOMEBUYER INTENTIONS STILL STRONG: SURVEY

WHERE MORTGAGE RATES ARE HEADED IN 2021

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DEC. 5, 2020–JAN. 16, 2021

CONTENTS COVER STORY

26 THE ROSE HILL CONDOS CAPITAL NORTH REALTY DESIGNING HOMES THAT BRING NEIGHBOURHOODS TO LIFE 6 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

38

53

DEPARTMENTS

8

Editor’s Note Prepare for the boom

10

Contributors & masthead

12

Condo Life Online

13

In the Spotlight GTA new home sales keep pace in October; more news on pages 14, 15, 16 and 17

20 Inside the GTA 22

Special Report Homebuyer intentions still strong

30 In Conversation With...

Riz Dhanji, President, RAD Marketing

36 Neighbourhood Watch:

34 46 Condo Pro

Markham

58

Locator Maps & Amenity Charts

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

COLUMNS

19

Stat Chat Where is the next hot spot for housing in the GTA?

We say goodbye to 2020 with mixed emotions

48 Real Insight Behind the numbers

66 Industry Report Why BILD supports Ontario’s changes to housing regulations

FEATURES

26 COVER STORY: THE ROSE HILL CONDOS Where cutting edge luxury living and lifestyle align

29 Home Realty Now is the ideal time to enter the real estate market

34 Market Insight Navigating the pre-construction condo market

35

Legally Speaking Estate planning during the pandemic

44 Personal Finance Where mortgage rates are headed in 2021

36 SKYTOWER at Pinnacle One Yonge

54 INTERIORS

49 Interiors cover 50 Decor

Now under construction

38

Builder Profile: Tridel Builder wins OHBA award for fifth time

40 Builder Profile: Rosehaven Homes Kiwi Condominiums and Odyssey under construction in Southwestern Ontario

Adding some punch to the bathroom

52

Home Finds Pop & fizz

53

Home Finds Around the table

54 Big Style, Small Space Add some festive cheer

nexthome.ca | myhomepage.ca 7

EDITOR’S NOTE

PREPARE FOR THE BOOM

WAYNE KARL EDITOR-IN-CHIEF Condo Life Magazine

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

+ get social

It may be hard to see at this point as we approach the end of a very challenging year and, at time of writing, Toronto and other parts of the GTA are in lockdown, but… good things are coming.

First and most importantly would be the beginning of resolution to the COVID-19 pandemic, whether it’s a gradual reduction of cases through the restrictions and other health measures, or – and this can’t come soon enough – a vaccine that helps protect us all from the virus.

While no one can predict the exact timing, it’s reasonable to conclude that we will get to a point where life can return to normal – or, a permanent new normal – in 2021.

And then will come a return to the stability, eventual growth and prosperity in the economy, and all that follows in the housing market.

Keep in mind that before COVID-19 struck in early 2020, the economies and housing markets in the GTA and elsewhere in Ontario were the envy of much of Canada. And even throughout the pandemic, real estate in the province has continued to excel, judging by the home price growth in many areas – in many cases in double digits.

Understandably, the uncertainty has caused some homebuyers to pause their plans, waiting to see how everything plays out. Others, however, confident in their finances and employment and who have been following the housing markets, know that it’s a good time to buy.

But don’t take our word for it.

“When we look at the overall numbers so far in this very unusual year, it’s clear that the demand for the homes our industry builds is not going anywhere,” David Wilkes, BILD president and CEO, writes in the Industry Report on page 66. “In spite of the challenges brought on by the pandemic, year-to-date new home sales in the GTA are up 11 per cent compared to the same period last year and two per cent above the 10-year average.”

Adds Debbie Cosic, CEO and founder of In2ition Realty: “This is a rare opportunity to jump into a market with great offerings of historical low interest rates as low as 1.65 per cent, and some excellent incentives being offered by developers. You want to buy your new home or investment property today – prior to the 450,000 projected immigrants entering the country, which will create even more pressure on supply and pricing.”

There are plenty more comments from other experts in the content in this issue – some of them even use the word boom. Then there’s the insights in our Real Estate Survey on page 22. It’s clear from this report that prospective buyers in the GTA and surrounding areas are paying close attention to the markets and changing consumer trends. And they know what they want.

And they’re using this time to prepare.

Interact with us on social media: nexthome

8 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

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

CHIEF REVENUE OFFICER

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

Michael Rosset EDITOR-IN-CHIEF – NATIONAL REAL ESTATE

Susan Legge susan.legge@nexthome.ca EDITOR-IN-CHIEF – GREATER TORONTO AREA

MARKET INSIGHT | ARIE BUZILLO Arie Buzillo is a real estate broker and an investor specializing in buying and selling properties all over the GTA. He works at ReMax Hallmark First Group Realty Ltd.

Wayne Karl wayne.karl@nexthome.ca MANAGING EDITOR

Rise Levy CONTRIBUTORS

Jesse Abrams, Arie Buzillo, Debbie Cosic, Barbara Lawlor, Linda Mazur, Ben Myers, Lisa Rogers, Jayson Schwarz, Dave Wilkes SENIOR VICE-PRESIDENT, SALES NEXTHOME

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

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

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

Amanda Bell 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

VICE-PRESIDENT MARKETING – GTA

Leanne Speers SENIOR CLIENT RELATIONS SPECIALIST – GTA

Sonia Presotto MANAGER CUSTOMER SALES/SERVICE

Marilyn Watling SALES & MARKETING CO-ORDINATORS

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

DECOR | LINDA MAZUR Linda Mazur is an award-winning, nationally publicized designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multidisciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds within Toronto, the GTA and throughout Canada. She can be reached by visiting lindamazurdesign.com or @LindaMazurGroup

Josh Rosset DISTRIBUTION

distributionteam@nexthome.ca ACCOUNTING INQUIRIES

accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs VICE-PRESIDENT PRODUCTION – GTA

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

Follow Lisa’s blog at craftedbylisa.ca.

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

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

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

10 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

PRODUCTION MANAGER – GTA

Yvonne Poon GRAPHIC DESIGNER & ASSISTANT MANAGER

Alicesa Pullan GRAPHIC DESIGNER & PRE-PRESS COORDINATOR

Hannah Yarkony GRAPHIC DESIGNERS

Johannah Lorenzo, Mike Terentiev, Alice Wu

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Catch up between issues at

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DEVELOPMENT

HOUSING MARKET

Plazacorp setting the standard for excellence with projects across the GTA Over the last decade and a half, Plaza has established itself as one of the Toronto area’s premiere condominium developers, and has set the standard for excellence in customer service.

Home price growth continues to soar during pandemic Not even a second wave of the pandemic is enough to put the brakes on price appreciation in Canadian real estate markets. This, according to the latest Royal LePage House Price Survey and Market Survey Forecast.

MORTGAGES

How to get the right mortgage while rates are at all-time lows Mortgage rates are at all-time lows, but it’s important to look beyond just the rate and understand the different mortgage options and features that can save you thousands of dollars over the long term.

HAPPY HOMEBUYERS

Need some home shopping advice?

These recent new-home buyers share their experiences We asked recent new home and condo buyers to share their experiences, to provide insight that might help other prospective buyers.

What and where did they buy, and what went into their decision?

PROFILE

INSIGHT

In Conversation With…

Barbara Lawlor, President, Baker Real Estate Inc. A recipient of numerous prestigious industry awards, new home and condo marketing icon Barbara Lawlor doesn’t just think the new home industry will do well during these challenging times, she expects it to excel.

We’re not building enough housing... yeah, you heard me The only way to prevent the housing crisis in the GTA from getting much worse is to continue to build at a record pace. But that doesn’t mean building 50-storey towers as far as the eye can see, according to industry consultant Ben Myers.

Visit or check us out on 12 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

@condolifemag

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IN THE SPOTLIGHT

GTA NEW HOME SALES KEEP PACE IN OCTOBER September was another busy month for the GTA new home market, according to the Building Industry and Land Development Association (BILD).

Sales of new single-family homes, including detached, linked and semidetached houses and townhouses (excluding stacked townhouses), with 2,334 units sold, were up 168 per cent from last September and 110 per cent above the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence. It was the strongest September for new single-family home sales since 2003.

Condominium units, including units in low-, medium- and highrise buildings, stacked townhouses and loft units, accounted for 2,603 new home sales, up 15 per cent from September 2019 and 33 per cent above the 10-year average.

“While demand for both highrise and lowrise homes was strong in

September, the clear insight of the last few months is how quickly consumer demand can evolve,” says David Wilkes, BILD president and CEO. “We need to make sure that policy and regulations are flexible and adaptable enough to accommodate market demands, from increased demand for lowrise homes to condo units that reflect current market conditions both in size and built form. Recent changes made by the provincial government bring an increased market focus, but translating that to the market at

the municipal level will take time.

This is why BILD is encouraging municipalities to start now with the implementation of these new provincial directions.”

The benchmark price for both single-family homes and condominiums rose in September.

The benchmark price for new condo units was $1.01 million, which was up 20.9 per cent over the last 12 months. The benchmark price for new single-family homes was $1.17 million, up 9.1 per cent over the last 12 months.

OCTOBER NEW HOME SALES BY MUNICIPALITY Region Durham Halton Peel Toronto York GTA

Condominium units 2020 2019 2018 47 44 64 113 438 318 434 498 172 954 1,753 2,968 792 684 95 2,340 3,417 3,617

Single-family homes 2020 2019 2018 501 250 48 215 292 71 385 423 148 33 20 69 780 344 118 1,914 1,329 454

Total 2020 2019 2018 548 294 112 328 730 389 819 921 320 987 1,773 3,037 1,572 1,028 213 4,254 4,746 4,0718 Source: Altus Group

GTA RESALE MARKET SALES AND PRICES BOTH UP DOUBLE DIGITS IN OCTOBER Strong sales and home price growth continue in the GTA resale market – for the fourth month in a row – according to the Toronto Regional Real Estate Board (TRREB).

Sales hit 10,563 in October 2020, representing a 25.1-per-cent increase over October 2019.

“Competition between buyers of single-family homes, and particularly detached houses, remained strong and continued to support doubledigit annual rates of price growth in

many GTA neighborhoods,” says Lisa Patel, TRREB’s president. “In contrast, condo buyers have benefitted from much more choice compared to last year. Pre-COVID polling had already pointed to an increase in investor selling in 2020. The pandemic only added to this trend with a stall in economic growth and a halt to tourism impacting cashflows for many investors.”

The composite benchmark price was up by 10.8 per cent on a year-

over-year basis in October 2020. The average selling price for all home types combined was $968,318 – up by 13.7 per cent compared to $851,877 in October 2019.

“Year-to-date home sales through October were above last year’s level,” says Jason Mercer, TRREB’s chief market analyst.

GTA RESALE AVERAGE PRICES, OCTOBER 2020 (YR/YR % CHANGE) 416

905

Total

$1.47M (11.2)

$1.12M (18)

$1.2M (14.8)

Semi-detached $1.15M (4.8)

$796,557 (15.4)

$935,429 (9.7)

Townhome

$828,090 (4.1)

$725,079 (13.5)

$747,951 (10.5)

Condo

$668,161 (0.8)

$541,582 (6.8)

$622,122 (0.7)

Detached

Source: Altus Group

nexthome.ca | myhomepage.ca 13

IN THE SPOTLIGHT

OHBA NAMES WINNERS OF 2020 AWARDS OF DISTINCTION

Tridel, The Well

The Ontario Home Builders’ Association (OHBA) recently conferred its 2020 Awards of Distinction, presenting the awards virtually for the first time, due to pandemic restrictions.

For the fifth time, Tridel won the prestigious 2020 Ontario Home Builder of the Year Award, highlighting the builder’s reputation for seeking excellence in all aspects of its organization. This includes innovative designs of new building concepts, supporting its employees, philanthropic efforts and community initiatives that ensure their neighbourhoods remain a place where people can work, live and play. The Tridel WISE corporate social responsibility strategies focuses on four pillars: Workforce, industry, society, and environment.

Tridel’s commitment to its customers reflects its “Built for Life” trademark that embraces condominium living to the fullest.

OTHER AWARD WINNERS INCLUDE:

IMAGE & ADVERTISING

Project of the Year – High- or Midrise: Nordic Condos for Collecdev, Toronto (credit to: ADhoc Studio, gh3*, Milborne Group, Montana Steele Advertising) Project of the Year – Lowrise: Minto Communities, for Union Village, Markham (credit to: Montana Steele Advertising, Nak Design Strategies Inc., RN Design Ltd.) People’s Choice Award: Acorn Developments for Lookout on the Knoll, Richmond Hill (credit to: GCB Interior Architecture Inc., Gladstone Media, International Home Marketing Group Realty Inc., VA3 Design)

High- or Midrise Project Video (Fourplus storeys) Tridel for Tridel at the Well, Two Series. Three Condos. Infinite Ways to Live, Toronto (credit to: The Brand Factory) Website Tribute Communities for Y&S Condominiums, Toronto (credit to: Guidelines Advertising Inc., Ten Block) High- or Midrise Ad Campaign (Fourplus storeys) Minto Communities for 123 Portland, Toronto (credit to: Blackjet Inc.) High- or Midrise Project Logo Branding (Four-plus storeys) Minto Communities for 123 Portland, Toronto (credit to: Blackjet Inc.)

ARCHITECTURAL DESIGN

Midrise Building (four to 10 storeys) Port Dalhousie Harbour Club Ltd. for The Harbour Club, Port Dalhousie (credit to: Ryan Design International) Highrise Building (11-plus storeys) Minto Communities for 123 Portland, Toronto (credit to: Blackjet Inc., Nak Design Strategies Inc., Sweeny&Co Architects, U31) High- or Midrise Condo Suite (fourplus storeys up to 800 sq. ft.)

Branthaven Homes for Upper West Side Condos, Oakville High- or Midrise Condo Suite (fourplus storeys 801 sq. ft. and over) Port Dalhousie Harbour Club Ltd. for The Harbour Club, Port Dalhousie (credit to: Ryan Design International) Lobby Entrance Branthaven Homes for Upper West Side Condos, Oakville ROOM DESIGN

High- or Midrise Condo Suite Kitchen MOD Developments Inc. for 55C, Toronto (credit to: Cecconi Simone Inc.) New Home Bathroom Acorn Developments for Limerick Point, Richmond Hill (credit to: GCB Interior Architecture Inc.) Amenities The Tricar Group for Azure, London 14 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

ON-SITE SALES PRESENTATION

Model Home/Suite (Up to 2,500 sq. ft.)

Tridel for Ten York, Toronto (credit to: The Brand Factory) Model Home/Suite (2,501 sq. ft. and over) FarSight Homes for Estates at Sunset Ridge, Goodwood (credit to: Builder Insight Group Inc., Cassidy & Co. Architectural Technologists, Colours & Concepts Inc.) High- or Midrise Project Sales Brochure (Four-plus storeys) Rosehaven Homes for The Randall Residences, Oakville (credit to: McOuat Partnership) PRESTIGE AWARDS

Project of the Year – High- or Midrise Collecdev for Nørdic Condos, Toronto (credit to: ADhoc Studio, gh3*, Milborne Group, Montana Steele Advertising) OHBA People’s Choice Award Ontario Builder of the Year Tridel, North York The full list of winners is available at ohba.ca.

IN THE SPOTLIGHT

AOYUAN INTERNATIONAL LAUNCHES M2M PHASE TWO Aoyuan International continues its transformation of the former Newtonbrook Plaza, the 8.6-acre development near Yonge and Finch subway after submitting a site plan application for the second phase of the project.

The submission details Aoyuan’s plans to rebuild the arterial site to become a complete mixed-use community and family-friendly destination for both residents and adjacent neighbours. Phase Two will include commercial office space, retail frontage on Yonge Street, a new park, a city-operated community centre and daycare spaces, alongside residential condominium units.

“The vision for M2M has always been a complete community designed to promote a healthy lifestyle,” says Vince Santino, senior vice-president, development, Aoyuan International. “For us, that means a diversity of uses, more liveable spaces and a real connection to the surrounding area. With Phase Two, we’re going to see a lot of

our community-focused elements materialize, with the community centre, daycare spaces and the public park all scheduled to be delivered.

We’re really excited, because that’s when you start to see the real integration between our development and the surrounding neighbourhood.”

Designed by Wallman Architects, Phase Two comprises a two-tower project, with a shared podium. With design details still being refined, the early focus was on organizing the individual uses in the building and expanding the community centre to

maximize the offering of services and planned programming to serve the Yonge-Finch area residents.

In terms of the residences, Santino says Phase Two will continue to emphasize a range of options for purchasers, with a focus on delivering more livable spaces. Suites will range from one- to three-bedrooms as well as two-storey townhouses, with a greater mix of two-bedroom units throughout. For Aoyuan, the emphasis on livable spaces stems from the corporate focus on promoting healthy living.

MATTAMY HOMES DONATES TO HABITAT GTA TO INCREASE AFFORDABLE HOUSING IN TORONTO Mattamy Homes and The Biddington Group are making a $1-million contribution to Habitat for Humanity Greater Toronto Area, to help build two-family sized housing units in Toronto.

“Partnerships between Habitat for Humanity GTA and developers are a proven strategy to create more affordable housing in Toronto’s heated housing market, and at the same time, build inclusive, mixedincome communities, which our city desperately needs,” says Ene Underwood, CEO, Habitat for Humanity GTA. Habitat for Humanity GTA and Mattamy Homes worked 2 Publication Name |

Mos. xx–Mos. xx, 2020

collaboratively on the deal, seen as a precedent for future partnerships with developers.

“We are proud to partner with Habitat for Humanity GTA to help them in their mission of making the dream of homeownership possible for hard-working families,” says Chris Strzemieczny, general manager of Mattamy’s highrise division.

“At Mattamy, we recognize the importance of community to our business and in our society, and we truly believe that it’s important for us to be part of, and give back to, the communities in which we develop and build. Habitat for Humanity is such a key part of bringing

communities together, and we’re pleased to support them.” habitatgta.ca mattamyhomes.com

nexthome.ca | myhomepage.ca 15

In the spotlIght

RIOCAN, METROPIA AND CAPITAL DEVELOPMENTS BREAK GROUND AT 11 YORKVILLE Developers RioCan Real Estate Investment Trust, Metropia and Capital Developments recently held a groundbreaking ceremony to officially mark the beginning of construction on one of Yorkville’s most-anticipated developments – 11 Yorkville. The project is located on one of Toronto’s most coveted sites, and represents one of the last parcels of land for new construction on Yorkville Ave. “We launched 11 Yorkville just over a year ago, and I am beyond proud of today’s momentous milestone,” says Edward Sonshine, founder and CEO of RioCan. “Yorkville is one of Toronto’s most prestigious neighbourhoods and is regarded as an iconic area on the world stage. It has been an honour to bring such a significant project to this truly special address.”

Once complete, the 62-storey tower will feature 593 premium residences, best-in-class amenities,

Left to right, Jordan Dermer (co-founder and managing partner, Capital Developments); Todd Cowan (co-founder and managing partner, Capital Developments); Jeff Clark (vice-president, Baker Real Estate); Edward Sonshine (founder and CEO, RioCan); Barbara Lawlor (president and CEO, Baker Real Estate); Jonathan Gitlin (president and COO, RioCan); Howard Sokolowski, chairman and CEO, Metropia).

a 43,000-sq.-ft. double-storey retail space and a brand-new city parkette.

Since launching the project in 2019, the developers have already sold 97

per cent of suites in this mixed-use development.

11yorkville.com

DUNPAR SUPPORTS TORONTO FAMILIES FOR HOLIDAY SEASON Families try to support one another, and this year, Dunpar Homes and the John Zanini Foundation did just that.

The company supported the Second Annual Kelly Marie Atyeo Holiday Toy Drive, a cause that close to the hearts of a new Dunpar resident family.

16 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

Kelly Marie Atyeo and her husband, Joshua Fick, purchased a Dunpar Home in Lake Shore Village in 2018.

Kelly had recently started a toy drive to donate gifts at the holiday season to children in need in Toronto. When Kelly suddenly passed away last year at the age of 31, Kelly’s husband, her sister Carolyn and her mother Lena knew they had to continue on with Kelly’s dream of collecting toys for the Salvation Army’s Toy Mountain.

Dunpar reached out to all its staff and residents and followers on social media who generously filled three large boxes, placed at different locations throughout the city, with toys for all ages. On Saturday, Nov. 28 Michael DiPasquale, COO of Dunpar, delivered them to Kelly’s

Left to right, Michael DiPasquale, Joshua Fick, Carolyn Atyeo and Lena Atyeo and Lucia get ready to load toys into the U-Haul for the Salvation Army’s Toy Mountain toy drive.

family, who presented them to the Salvation Army. dunparhomes.com

IN THE SPOTLIGHT

Raly Chakarova

BOLT PROGRAM PROVIDES BOOST TO UNDER-RESOURCED YOUTH

Given the important role trades play in the housing industry – at the best of times, let alone during the pandemic – any program that provides a boost is worthwhile. Even better if it affords an opportunity to under-resourced youth.

Such is the goal of the Building Opportunities for Life Today (BOLT) Charitable Foundation, launched

by Tridel in 2009 and established as a charitable foundation in 2013.

With a mission is to assist underresourced youth to connect to careers in construction, the program has helped raise more than $3.1 million towards 420 scholarships and engaged more than 1,300 youth in community events.

It began as a simple concept – to provide awareness and learning opportunities for youth associated with The Children’s Aid Society of Toronto to the field of construction.

By establishing additional community, government and industry partnerships, BOLT has since expanded to reach an even broader range of youth.

“Being the founding sponsor of the BOLT Foundation goes to very core of Tridel’s values of family and integrity and building the communities we work in,” Jim Ritchie, COO of Tridel Group, told Condo Life. “Everyone deserves to have a chance to succeed.

And through BOLT’s programs, we can create employment pathways into construction for youth that may not have otherwise had one.”

The work BOLT does is more important than ever in the current

context, according to executive director Raly Chakarova. “Those aged 15 to 24 remain the most affected by the current economic downturn, with visible minority youth being particularly impacted,” she told Condo Life. “While many youth have seen their employment prospects plummet this year, there are numerous recession-proof careers in the construction industry.”

Such efforts face two significant challenges right from the start, she adds – awareness and stigma.

“Many people, youth included, are simply not aware of the diverse and innovative career options in the construction industry. Recently, while visiting (Tridel’s) The Well construction site, I counted no less than 50 different types of professionals on site, to say nothing of the numerous others behind the scenes. Tridel’s leadership on innovation and sustainability also helps showcase the exciting new careers that are emerging in those fields.”

Stigma persists about construction jobs and can be a powerful deterrent for those considering entering the field, she says. Youth are even sometimes actively discouraged by their parents, teachers and peers from pursuing these meaningful and rewarding careers.

“There is an entrenched stereotype that they are somehow ‘less than’ a university degree,” says Chakarova.

“But while people perceive more prestige in a university education, the

market often rewards tradespeople with higher wages, especially when starting out their careers.”

The fact is that these jobs are wellpaid with benefits, with skills-security and portability in a disruptive and quickly changing world, they are indemand and will be for the foreseeable future, she adds. In addition, there is a clear upward career mobility.

For many youth, their involvement in BOLT becomes life-changing.

“The youth we work with find a meaningful and rewarding career that supports them and, in many instances, helps support their families,” Chakarova says. “We have seen them find their purpose and become more confident, complete their apprenticeships and become journeypersons, grow into more senior positions and take on more responsibility, and even start their own businesses.” boltonline.org

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ADVICE | STAT CHAT

WHERE IS THE NEXT HOT SPOT FOR

HOUSING IN THE GTA? BEN MYERS

One question I get asked regularly is: Where is the next hot spot for real estate in the Greater Toronto Area?

I’m trying not to think too short term, but COVID-19 has certainly impacted my opinion, especially about prime downtown locations.

If you’re an investor looking at the highrise market in downtown Toronto, there is certainly a lot of inventory coming in 2021 via completions, based off the record 35,000 new condominium sales that occurred in 2017. Those buildings launched in 2017 are just now coming to completion and occupancy, and they have a high share of investor purchasers who plan to rent them out.

According to data from rentals.ca, the average rent for condo units in the downtown core has declined by 18 per cent annually – an unprecedented one-year drop. I fundamentally believe that people will return to downtown, and to office towers, and the market will pick up again. But I would recommend being cautious when looking at condo product for more than $1,300 per sq. ft.

The demand for new groundoriented housing – meaning singledetached, semis and townhomes – in the outer-suburban markets has taken off again. The average price for unsold new single-family housing increased by about 45 per cent annually in 2017, demand and pricing declined significantly following the introduction of the Fair Housing Plan in April of that year, which was intended to deflate the

housing bubble. After a couple of years of price flatness and tepid sales absorption, those markets are strong again, as prospective buyers in need of more space due to the work-fromhome phenomenon are scooping up the homes. These purchasers are less concerned about commuting times.

However, some of those markets lack the type of amenities and proximity to activities that many young families crave. And while some of these sleepy and quaint communities may look appealing during COVID when a lot of things are closed, demand might drop off like it did in 2018 when the world gets back to some sense of normalcy.

There might not be a big correction, but be cautious.

Promising areas appear to be in the “soft middle” on the outskirts of the amalgamated city of Toronto, or in the more walkable areas of the innersuburban municipalities. Markets in south Mississauga are primed to take off, with greater appreciation in places such as Port Credit and Mineola. Take a look at the recentlylaunched Brightwater community and upcoming Lakeview Village development – huge master-planned waterfront communities. In addition, the land around the Mimico GO station is going to be transformed, and there is clearly an opportunity to get in on the first phase at an attractive valuation; developers need to start these big projects with an immediate sales success and price the first phase accordingly.

Some food for thought: Chestnut Hill Homes launched a new highrise condo in 2007 near the Pickering GO station at less than $250 per sq. ft.

The company’s latest project, its sixth building in the area, launched last year for more than $700 per sq. ft. That’s

an annual increase of more than 15 per cent.

My top choice right now is Scarborough, as it is about the only place in Toronto where you can buy a unit for less than $850 per sq. ft.

There is an amazing new community in the planning stages near the Scarborough GO station by Republic Developments, comprising more than 6,500 units. Another area slipping under the radar is Highland Creek, with projects such as Perch Condos on the ravine system, minutes from the University of Toronto’s Scarborough Campus. Enrollment at that campus is growing by more than three per cent per year, and investors should take note of the need for high-quality housing for students.

The vaccine is coming and will be ready in 2021. I believe the market will return in full force in the second half of next year, which is saying something given how strong it’s been during the pandemic. If you’re in the market for a new home, surround yourself with an experienced team, including a realtor familiar with the new home market, and a mortgage broker who can find you the best deal. Buy what you can afford, buy for the long-term, and do your research.

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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nexthome.ca | myhomepage.ca 19

#InsidetheGTA

by SUSAN LEGGE

GTA

VINERIDGE

THOSE LOOKING FOR AN AFFORDABLE RESPITE from the GTA will find the community of VineRidge in Prince Edward County very appealing. This boutique townhome project by FLC Investments is located close to wineries, Sandbanks Provincial Park and Picton Golf and Country Club. It’s also less than five minutes away from the essential amenities of Picton’s charming downtown core. Prices start from $275,000 according to the website. vineridgetowns.ca

A peek at Reina’s family-friendly amenities New details about Reina, the new condo community coming to Etobicoke designed by Canada’s first-ever all-female development team, have just been released. The amenity spaces, which are based on consultation with Toronto women from all different walks of life, include family-friendly spaces that women actually want and need in a condo. reinacondos.com

1

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Stroller parking

Thicker walls

Snack shack

Ensuring nap time offers quiet time for everyone

Space for multigenerational living

Kids’ playroom

No more obsessing about where to park a double stroller

Integrated into the condo gym with a “loud room” with soundproof wall

A place to find healthy and basic food items when you need them

20 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

Room for everyone – such as grandparents and in-laws

MODEL 20 HO ME & SUITE 21 CA LENDAR

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DID YOU KNOW?

Our 2021 calendar is here!

We hope you enjoy this year’s selection of designs.

An exclusive collec tion of the most beautiful home s and condos in Ontario Ten York by Tridel

Lanterra seminar series features top economist

3 condos coming to Yorkdale Lanterra Developments’ Chairman Mark Mandelbaum recently checked in with one of Canada’s top economists, Benjamin Tal, deputy chief economist for CIBC World Markets.

Tal talks about what he calls the “most asymmetrical recession ever” and how important government policy is, particularly for those industries that were not able to recover in the summer, as we head into what he calls “the darker days of winter.”

The good news? The number of industries heavily impacted by the

pandemic is much lower than what we’ve seen in any other recession, he says, and the real estate industry is one of them. Tal believes we will get to the other side of the crisis by the second half of 2021 and that the small decline in housing sales has made this “a housing-market friendly recession.”

You can watch the seminar, entitled “The Virus, The Economy, and The Housing Market,” on Lanterra Developments’ YouTube channel. Future webinars are planned as part of this ongoing series and there are several others to view.

A new condominium development may be replacing the Holiday Inn across the road from Yorkdale Shopping Centre.

According to The Gupta Group’s website, plans are afoot to replace the 50-year-old hotel with three new condominiums which would include more than 900 residential suites and townhomes.

The location offers excellent access to transit and Hwy. 401, as well as Yorkdale — one of Toronto’s biggest shopping malls.

A daycare for the community and private indoor and outdoor amenity spaces are also planned.

Parkland is a plus at Perch Where “vibrant city meets the outdoors,” the brightly painted Perch condominium sales office is beginning to taking shape on Kingston Road in Scarborough.

The new community is located in the Highland Creek area of Toronto, known for the winding trails, ravine and scenic look-outs around Colonel

Danforth Park and Rouge National Urban Park.

The 168-suite condominium is being built by Firmland, a Torontobased multi-discipline real estate firm.

The project will include one-, two- and three-bedroom suites with scenic and city views. Registration is happening now. perchcondos.com

The Perch sales office on Kingston Road under construction in November

I’m always looking for events and new happenings to explore. Send your tips to: susan.legge@nexthome.ca nexthome.ca | myhomepage.ca 21

SPECIAL REPORT

HOMEBUYER INTENTIONS STILL STRONG THOUGH BUYERS REMAIN CAUTIOUS – AND DISCERNING

by WAYNE KARL Prospective homebuyers in and around the GTA may be somewhat cautious with their purchasing intentions as 2021 approaches, given all that continues to unfold with COVID-19.

Still, it’s clear that the “pent-up demand” many observers cite is out there, according to the NextHome Real Estate Survey. And buyers seem to be using this time of uncertainty to figure out what they want, where they want it, and what they’re willing to pay for it.

And let’s just say they appear to be becoming a little more discerning.

•

•

•

RESULTS OF THE SURVEY HIGHLIGHT A NUMBER OF INTERESTING POINTS:

•

Aside from COVID, affordability is the greatest concern among prospective homebuyers, as 33.9 per cent cite it as the top reason they

22 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

•

may not buy a home in 2021 Single-detached homes are the ideal home type, with 54.83 per cent saying that’s what they’re planning to buy; followed by condominiums at 21.38 per cent Areas outside the 416 and 905 area codes are of growing interest, as 53.29 per cent indicate that’s their target market COVID is giving some buyers pause, but still, 39.74 per cent of respondents, the largest group, say they plan to move forward with their plans, but are making doubly sure their finances and employment are secure; the next largest group, 24.04 per cent, say the pandemic is not affecting their plans at all Look, touch and feel of a potential new home

are still important, as only 6.7 per cent of respondents say they are comfortable buying completely virtually • Fully 46.3 per cent of respondents say they are planning to buy a new home or condo in 2021 • Proximity to greenspace and other natural amenities is top of mind for 51.61 per cent of buyers – the second most important determining factor after price It’s difficult to compare the results of this latest survey with polls conducted earlier by NextHome and Condo Life, given the state of flux of the COVID restrictions and their impact on the economy and housing. But one thing is clear: When the pandemic is over, homebuyers still hope to achieve their new-home dreams – though their demands may be changing.

NEXTHOME REAL ESTATE SURVEY

1. ARE YOU PLANNING TO BUY A NEW HOME OR CONDO IN 2021?

• •

No 53.67% Yes 46.33%

2. IF YOU WERE BUT ARE NO LONGER PLANNING TO BUY A HOME IN 2021, WHAT IS THE REASON?*

• •

Affordability 33.94% Concern about the economy due to COVID-19 26.70% • Concern about my finances 13.57% • Concern about my employment 8.14% *Respondents who answered this question skipped Q3 below 3. IF YOU DO PLAN TO BUY, WHERE ARE YOU LOOKING?

• • • •

Outside of 416 and 905 53.29% City of Toronto 15.57% 905 23.18% 416 7.96%

WHAT THE EXPERTS ARE SAYING For additional context, we went to some industry experts, though not specifically on survey results The latest lockdown should be similar to what happened in the spring, when sales took a pause and then restarted once things began reopening. Though this time, we are seeing end-users actively go through the decisionmaking process right now.

We have made our information, such as current pricelist, floorplans and brochures, much more readily available and can easily be downloaded from our website. There’s also a search function that may help buyers narrow what you’re looking for.

Our advice to prospective homebuyers is to really take a close look at layouts, as they need to suit your lifestyle today and what you had a year ago to maintain the flexibility you ultimately want in your purchase.

Anson Kwok Vice-President, Sales and Marketing Pinnacle International

4. WHAT ARE YOU PLANNING TO BUY?

• • • • •

Single-detached home 54.83% Condominium 21.38% Townhome 14.14% Semi-detached home 6.21% Stacked townhome 3.45%

5. WHEN ARE YOU PLANNING TO BUY?

• • •

Not sure, some time in 2021 85.26% In the next six months 9.47% In the next three months 5.26%

6. WHAT ARE THE KEY THINGS YOU LOOK FOR WHEN SEARCHING FOR YOUR NEW HOME OR CONDO?

• • • • • •

Price that suits my budget 84.84% Greenspace and other natural amenities 51.61% Proximity to highway access 28.71% Proximity to transit 28.39% Work-from-home spaces 30.32% Other 14.84%

7. HOW IMPORTANT IS PRICE TO YOU WHEN LOOKING TO BUY A NEW HOME OR CONDO?

• • • •

Important, but not my number one concern 69.06% It’s everything; this is my first purchase 26.71% Not very important, as I am ‘moving up’ 2.62% Not important at all 1.63%

8. HOW IS COVID-19 AFFECTING YOUR PLANS?

•

I am making doubly sure my finances are sound and my employment secure 39.74%

During this second lockdown and approaching the end of the year, it reminds us once again of the severity of the COVID situation. Despite this, there is great optimism as we get ready to head into 2021. A vaccine is coming and we expect life to return to more normal by the middle of next year.

What does this mean for people looking for condos to buy today? Now is the time to buy!

Brian Brown Prinicpal Lifetime Developments It’s business as usual for us – with strict COVID-19 protocols in place. We are in the middle of two brand new launches and have exceeded our projected sales numbers. Both Dylan Condos by Chestnut Hill Developments (located on the Glencairn subway stop), and The Villages of Highland Creek semis and townhomes by Your Home Developments are set up to accommodate selling virtually. We have been conducting approximately 50 per cent of the sales online and the balance in person by private appointment.

Both builders were prepared for the pandemic market with what we call “PPM” – pandemic proof measures – to help facilitate sales.

In2ition has launched more than a dozen …continued on page 24 nexthome.ca | myhomepage.ca 23

• • •

Not affecting my plans at all 24.04% I am waiting until the pandemic is fully over 19.55% I was planning to buy in 2020, but the pandemic delayed my plans 16.67%

9. WHAT SAFETY PROTOCOLS ARE MOST IMPORTANT TO YOU?

• • •

Virtual appointments first, then a site visit 49.03% I am willing to visit sales centres by appointment only 44.19% I am comfortable buying completely virtually 6.77%

10. HOW IS COVID-19 CHANGING WHAT YOU LOOK FOR IN A HOME?

• • •

Not affecting my wish-list of inclusions at all 57.88% I want smart work-from-home spaces and the latest home tech 25.08% I am looking for a larger home with more space 17.04%

11. IF COVID IS AFFECTING YOUR PLANS, WILL YOU:

• • •

Buy a smaller lowrise home (ie. townhome or semi vs single-detached)? 51.04% Buy a condo (mid- or highrise) instead of a lowrise home? 28.22% Buy with a friend or relative to ensure affordability?

20.75%

12. HOW CONCERNED ARE YOU ABOUT NEW HOME AFFORDABILITY?

• • • •

Very 51.46% Somewhat 38.19% Not very 5.50% Not at all 4.85%

13. DO YOU PLAN TO GET MORTGAGE PRE-APPROVAL?

• • •

Yes 52.90% Not sure 28.71% No 18.39%

14. WHERE DO YOU PLAN TO SECURE A MORTGAGE?

• • •

Bank 40.98% Not sure 36.72% Mortgage broker 22.30%

15. WHAT ARE YOU EXPECTING FROM NEW HOME AND CONDO BUILDERS IN THESE UNPRECEDENTED TIMES?

• • • •

Offer pricing discounts and other incentives 58.22% Offer free upgrades and other incentives 23.68% Offer pricing discounts 15.13% Other 2.96%

16. IF NEW HOME AND CONDO BUILDERS DON’T OFFER PRICING DISCOUNTS AND OTHER INCENTIVES:

• • •

I’ll buy resale instead 45.57% Supply is low, I’ll buy what I am happy with 28.52% I’ll buy only from those that do 25.90%

24 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

communities during the pandemic, with exceptionally strong sales for both highrise and lowrise product.

This is a rare opportunity for homebuyers to jump into a market with great offerings of historical low interest rates as low as 1.65 per cent, and some excellent incentives being offered by developers. You want to buy your new home or investment property today – prior to the 450,000 projected immigrants entering the country, which will create even more pressure on supply and pricing.

Debbie Cosic CEO & Founder In2ition Realty We recognize that it’s not business as usual.

Purchasers are more selective and sensitive to the market than ever before. With this latest lockdown, we’ve put an emphasis on finding meaningful ways to connect with our buyers and the realtor community by adapting technologies and putting greater focus on being creative, approachable and relatable.

For our prospective clients, we remind them that while it’s challenging right now, we will overcome this.

Toronto is one of the greatest cities in North America, we believe in the future of the city and the real estate market. We expect prospective homebuyers to enter 2021 with a fresh, new perspective and more confidence in the real estate market.

Jason Lam Vice-President, Sales and Marketing CentreCourt Early this year, Cortel Group was getting ready to launch Tower 1 of our Abeja District project. We expected to have thousands of people walk through our brand-new presentation centre located at Jane and Rutherford in Vaughan. With the unprecedented rise of COVID, it felt like everything changed overnight. We knew we would have to pivot in a big way if we wanted to launch the project.

We have been using a residential real estate sales software, SaleFish, for our highrise projects since 2010. We saw an opportunity to move ahead with the Abeja launch in a different way. We were able to create an environment where we could efficiently make a sale while keeping our purchasers safe from any COVID risks. The platform allows us to make digital sales off- or on-site, maintaining physical distance. We proceeded with the launch of Tower 1, and it sold out immediately. The speed and efficiency of the system allowed us to successfully launch and sell out Tower 2 and we are now well into the sales program of Tower 3, making Abeja District one of the most successful project launches of 2020.

Peter Cortellucci Vice-President Cortel Group

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COVER STORY

CAPITAL NORTH COMMUNITIES CREATING CHAMPION COMMUNITIES – FROM START TO FINISH Recognizing that many elements go into designing and constructing a home, Capital North Communities doesn’t just build residential housing, it also curates desirable places in which to live.

From the initial concept to final completion of each project, Capital North has its customers in mind. All spaces are defined to accommodate the eventual occupants, and each development is designed to welcome everyone who chooses to call it home.

The team at Capital North Communities is dedicated to the 26 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

purchaser of each new home, as it is the homeowner who helps to build the reputation of the community.

With this philosophy in mind, Capital North builds more than physical structures. It also builds relationships to enhance the bond within the community, as the builder feels that it is their responsibility.

ROSE HILL CONDOS

As part of the city of Vaughan, Capital North Communities introduces its newest condominium project in the historical community of

Woodbridge. Rose Hill Condos will enhance the downtown core with a complementary facade.

Carefully curated from start to finish, Rose Hill Condos is the result of extensive planning. Maintaining a respectful appreciation for the surrounding area, this boutique condo development will augment the neighbourhood with its respectable design.

This six-storey, midrise condominium will feature a total of 85 units, as well as commercial and retail space, which will be

incorporated with two of Vaughan’s prestigious heritage homes.

A LUXURIOUS LIFESTYLE

Whether you’re looking to scale down your living space, or upscale your lifestyle, Rose Hill has units to fit a wide range of tastes and preferences.

Indulgent interiors include exquisite features and finishes, which are often considered upgrades by other builders. Every detail has been considered in this boutique condominium, including deluxe amenities. In addition to a gym, sauna and social room, a roof top terrace is the perfect place to unwind at the end of a long day.

Since Rose Hill is located in the centre of town, residents will have convenient access to local shops, salons, cafes and restaurants along Woodbridge Avenue. The development is also close to trails, green spaces and conservation areas along the Humber River, as well as the Boyd Conservation Park, the Country Club and the Woodbridge Fair. In addition, commuters will appreciate the proximity to VIVA transit on Hwy. 7, and VMC TTC subway station near Jane Street.

Prices start from the low $500s, and the Rose Hill Condos are expected to be completed in 2023 in the Woodbridge neighbourhood of Vaughan at 177 Woodbridge Avenue.

WELCOME TO THE FAMILY

With more than 50 years of combined experience, the principals at Capital North Communities are dedicated to building homes that include all the wants and needs of their new-home purchasers.

Capital North specializes in midrise communities, and it was one of the first builders to introduce a wood-fabricated, midrise structure in Ontario. Comfort, quality and convenience are at the core of each new development. As a result, land selection is of the utmost importance. With every decision, from the choice of fixtures and fittings to the inclusion of amenities, each project is a reflection of the highend preferences the principals would choose as if their own family were to live there.

SOCIALLY RESPONSIBLE

With the environment in mind, Capital North approaches each

build in a strategic manner, while incorporating the most current home construction concepts and practices. The company begins by carefully selecting locations that not only encompass the accessibility and amenities it wants available for residents, while incorporating natural alternatives, if necessary. Using the most up-to-date technology, Capital North determines the best approach, so homeowners will feel confident with the final product.

THE BOTTOM LINE

From start to finish, Capital North is committed to completing every detail with the utmost precision and care.

The materials and products that are …continued on page 28 nexthome.ca | myhomepage.ca 27

+

LOCATION Vaughan DEVELOPER Capital North Communities DEVELOPMENT Rose Hill Condos HOME TYPE midrise condominium SALES CENTRE 177 Woodbridge Ave. Vaughan CONTACT 647.746.8142 therosehillcondos.com

selected for each new development reflect a fresh, clean look for an upmarket appeal.

While 2020 has been a difficult time for most, Capital North strives to welcome their customers with open arms, even if it’s just the thought that counts. Whether it’s a first-time homebuyer, an empty nester, or a family who is looking for that special find, the team at Capital North focuses on the personal touch – providing each new-home buyer with their undivided attention to ensure that they get everything just right.

Staff members, and the owners, work 28 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

directly with each buyer because they value transparency and meaningful relationships. The company also prides itself on the loyal platforms that it has established with its trades and sales representatives.

Capital North Communities is known for excellence in quality and design, and Rose Hill Condos is the perfect example of the company’s commitment to creating a soughtafter home environment.

Recognizing that it’s the residents of every new project who ultimately make it a community, Capital North puts its best foot forward so that each

new-home owner can feel completely satisfied with where they live.

Visit the sales centre, located at 177 Woodbridge Ave. in Vaughan.

For more information call or visit the website. 647.746.8142 therosehillcondos.com

ADVICE | HOME REALTY

ACT SOONER RATHER THAN LATER NOW IS THE IDEAL TIME TO ENTER THE REAL ESTATE MARKET

DEBBIE COSIC The year 2021 is approaching quickly, and as we look back on 2020, we wonder what the future will bring – especially in the GTA real estate market. Despite the havoc that COVID-19 caused, the market is doing well. Whether you are thinking of buying a residence to live in, or you are an investor seeking to expand your financial portfolio, you would be wise to act sooner rather than later.

For one thing, we are still experiencing historically low mortgage interest rates. Our grandparents would be envious at how reasonable it is to borrow money these days. And as with most things, this will not be the case forever. If you think you cannot afford to get into the real estate market – think again. Do your research. Yes, at 20 per cent down, you need a $100,000 deposit on a $500,000 residence.

Remember, however, that 20 per cent is often stretched over a few years in increments of three to five per cent.

This can be $15,000 on a $500,000 residence. This is one of the major advantages of purchasing new construction early in the selling cycle: You have more time to save for your down payment.

The other thing to consider is help from the government. First-time buyers can take advantage of CMHC’s Home Equity Sharing, or use portions of their RRSPs to help. There are also programs that enable amassing

a down payment that is payment free until you sell or move: Trillium Housing (trilliumhousing.ca) is a prime example of this. Together with a bank and credit union, Trillium and the financial institutions provide you with the first and second mortgage required to help you become a homeowner.

Of course, there are prequalifying factors that play a part in this equation; you cannot own any properties at the time of your purchase, you must live and work in Canada, this must be your primary residence and cannot be rented out, and you must have a 10 per cent down payment. Many people check all of these boxes and are now homeowners at Trillium and VanMar projects such as The Loop in Toronto and Maxx Urban Towns in Pickering.

Think cooperation, as well. Perhaps you can co-purchase with a friend, parent or other family member to invest in your futures. If you do, hire a lawyer who is familiar with real estate, and clarify upfront who is responsible for what in the arrangement. In any real estate transaction, you want to know where you stand so there are no unpleasant surprises. Many people who already own a home are refinancing to enable them to buy an additional one as an investment.

With our lifestyle evolving and individual needs so varied, you might also want to consider hiring a real estate agent to help you search for the perfect home or condominium.

These professionals know and understand the market, and it is to their advantage to find you the deal that best fits your lifestyle and wallet.

The Dylan, Chestnut Hill Dev.

Keep an open mind, too. If you have always owned lowrise homes, consider investing in a condominium.

These suites will always be in demand, especially in the GTA as more immigrants continue to join the population over the next few years.

Around the world, apartment-style living is the norm, even for families.

So, what’s on the horizon?

Parameters and prices fluctuate, but if real estate could thrive during 2020, the possibilities are limitless for 2021.

As the market and the economy continue to evolve, the answer to “When is the best time to buy real estate?” will always be now.

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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nexthome.ca | myhomepage.ca 29

IN CONVERSATION WITH...

RIZ DHANJI PRESIDENT, RAD MARKETING

by WAYNE KARL Toronto has long been considered a city that is growing in international stature, including its expansive and architecturally evolving condo market. And despite the challenges of COVID-19, some believe a boom is on the horizon – with bigger, better and more impressive projects that further solidify the city’s place as a world-class destination, and a top choice to live, work, play, and yes, buy a condominium.

One of those people is Riz Dhanji, president of condo sales and marketing firm RAD Marketing.

How’s business these days, during these challenging times?

It is clear that COVID has had an impact on real estate, especially when the pandemic hit in March. July to October saw a big resurgence in sales when lockdown measures eased, letting loose a significant pent-up demand, with low inventory in both resale and pre-construction. Plus, with interest rates at historic lows.

30 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

Now, with cases rising and lockdown measures in place and most of the demand satisfied, things have slowed and will slow till the end of the year.

But we will see a boom in real estate sometime starting in the middle of 2021 and progress stronger into 2022.

With a vaccine expected next year, borders will open, and with lower supply and more immigration and low mortgage rates, we will see sales come back with a vengeance.

What defines RAD Marketing?

How does it differ from other new home and condo sales and marketing firms?

I started RAD Marketing a few years ago as I saw there was no other firm using true sales and combining it with marketing expertise and technology to differentiate projects, to achieve not only strong sales results but higher revenue for the developer. The typical launch today is executed the same way it has been for more than 20 years. The consumer has evolved,

the city has evolved and real estate has evolved, but condo sales and marketing firms haven’t. We are the only firm using cutting-edge sales and marketing strategies, and work with the developer on all aspects of a development, from interior design, to amenity design, suite layouts, finishes, marketing strategies, technology, sales centre design, plus much more to assist their consulting team deliver the best product for the market.

Our first project, King Toronto, was the most expensive condo launched in Toronto and involved starchitect Bjarke Ingels with Allied and Westbank Corp. The project delivered on some of the most innovative campaigns seen for real estate worldwide, and the results have been proven with our sales success and pricing success.

We are working on our next project, called One Delisle, with Studio Gang, which will really change architecture and design for Toronto at the Yonge and St. Clair neighbourhood with Slate Developments. We are really excited

for this and many other projects RAD will be working on in 2021.

How does your international experience help you, vis-a-vis your involvement in projects in the GTA? It has allowed me to work with a number of different cultural backgrounds, including Mainland and Hong Kong buyers, since I also speak Mandarin. I am also well-travelled and have a passion for design and architecture, which allows me to provide our clients with unique concepts for buildings to further differentiate their projects from the marketplace. Having sold in Hong Kong, lived in China and conducted exhibitions for real estate around Asia, Europe, the Middle East and elsewhere, I also have a great contact base from which to draw upon for clients looking to sell internationally.

How do you see the next couple of years in the condo industry in the GTA? Some observers suggest there’s some oversupply and that prices may plateau or even decline?

The oversupply narrative is overblown because of the pandemic.

Canada was expecting close to 300,000-plus immigrants this year.

Because of COVID, not even a

quarter of that have come to Canada.

International students are big buyers of housing, and they have not returned to the city. Not to mention, the current work-from-home phenomenon has made people look outside of the core for housing.

Furthermore, the vitality of the city has been compromised, with the lockdown measures of restaurants, theatres and gyms.

Now that we have seen an announcement of a vaccine and the government of Canada looking to widely distribute between first and second quarter of next year, and rapid testing to soon be mandatory on all flights into Canada, you will see borders open up, overseas students come back, the government trying to make up for lost immigration, employers asking employees to come back to work, traffic driving some people to move back to the city… all of this will lead to a strong few years of real estate sales.

And over the next three to five years?

We are going to see a boom in real estate in three to five years, primarily because launches are down significantly from last year, fewer land transactions have occurred and zoning has been delayed. This means, similar to 2011, a few years after the

financial crisis, we are going to see very low supply and pent-up demand from immigration targets and general pick-up of the economy. Interest rates will still remain low, so you will see the next boom in real estate in this time period.

What area of Toronto do you see as really promising, in terms of the potential for new condo development, or just on the verge of taking off?

After having done King Toronto, we are seeing a lot of people either moving to Toronto or local Toronto buyers looking to buy in special buildings with iconic architecture and design. Major global cities such as London, Hong Kong, Paris, New York, Miami, are all working on defined, starchitect buildings that are changing the typical topography of the city. It takes bold developers to do this, and we are seeing more of this in Toronto.

This is great for our city and will only draw more people from around the world to want to live in Toronto. Plus, these buildings resonate with buyers who want to live in something special that you can’t find anywhere else.

Many of us aspire to own a beautiful car such as a Porsche, or have a luxury Louis Vuitton handbag. The same aspiration is for real estate in this city, and it is really great to see.

nexthome.ca | myhomepage.ca 31

How is COVID-19 changing what buyers look for in condos?

Buyers are looking for larger spaces in condos, with outdoor areas, and more functional design where a second bedroom can be a den or a family room. The versatility of floorplans is something we are working on and it will definitely be impactful postCOVID. We are also seeing amenity spaces becoming more versatile to allow for accommodation of either a party room, dining room or coworking space. Zoom rooms are being considered, so residents can come down from their unit and be in a quiet, well-designed space to do their calls.

Combinations of uses, from retail to residential, are becoming more important, and we are seeing buyers gravitate to different neigbhourhoods in the city where we haven’t in the past.

The marketing and selling of condos is changing during the pandemic, given restrictions and virtual sales techniques. How are buyers reacting to this – in terms of their comfort level in buying a condo completely virtually, or online meetings first then visiting sales centres by appointment?

Real estate is still a touch and feel product. No different from the desire for purchasers to go see an open house before buying a home. You need to feel the space for yourself, the sales office, finishes and model suite or vignettes. There are some buyers that have bought completely virtually, but a majority make a visit to the sales office and then can communicate with the sales team more virtually after.

At RAD, we are able to do all our paperwork digitally so buyers can sign from anywhere in the world easily, and either wire-transfer funds or send cheques to us.

In your recent contribution to the NextHome Builders’ Annual Industry All-Stars report, you emphasized that any movement among buyers moving and buying outside the city is purely shortterm. How firm are you on that belief, a number of weeks later with the pandemic seemingly digging in?

I believe this more than ever, now that a vaccine has been developed and more will come. And the government is working on plans to deliver the

vaccines over the first two quarters of next year. It doesn’t mean we will be rid of COVID forever, but we will see new treatments and better testing to allow society to manage.

Human beings are naturally social, and there is a desire to get back to living life. Cities have evolved from devastations in the past, from the plague to natural disasters, only to come back stronger and better than before. I can’t predict the exact time frame, but next year will be the beginning of the recovery. We can also take the stock market as an indicator on the new normal of life coming back after a few years.

When this happens, offices will want employees back to work. Maybe not every day, but for some days during the week. Not to mention, with immigration expected to increase exponentially, this will only drive more buyers to cities.

I am a firm believer in real estate in the GTA. Our city is one of the world’s best and we have a lot to offer.

There is only so much supply that can be produced, and it will lead to a stronger market in the years to come. radmarketing.ca

on a personal note If I wasn’t involved in the new home and condo industry, I would: Work in architecture or interior design. I just love buildings and great design.

When I’m not at the office – real or home – I am: Travelling, but obviously not now with COVID. My family and I pick a different location in the world every year to go see. It just enriches you on different cultures and life.

My greatest inspiration in life and in business is: Any business leader such as an Elon Musk or Steve Jobs who have tried to disrupt the market for a typical product or service and forged ahead to redefine a new generation of business. That’s what we’re doing at RAD Marketing in real estate.

My reading list right now is: A lot of marketing and sales books, but right now I would say the 10x Rule

by Grant Cardone. Grant and I got to speak on stage at an event on leaders in their field and he convinced me to read it. I thought it was great and good for those in real estate.

32 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

ADVICE | MARKET INSIGHT

FUELLED BY MOTIVATION NAVIGATING COVID-19 AND THE PRE-CONSTRUCTION CONDO MARKET

ARIE BUZILLO

In the last several months, inventory has shifted substantially. I don’t remember the last time buyers had much choice when it came to buying a condo. Resale and pre-construction options were selling out fast. It’s been a sellers’ market for as long as I can remember, and mortgage rates were slowly on the rise pre-COVID. Now, however, buyers are able to take their time, as there is an abundance of inventory to choose from.

In the resale market, prices are slowly beginning to decrease, which is not such a bad thing for buyers, as declining prices present a window of opportunity for those who may have been waiting on the sidelines. Interest rates, meanwhile, continue to be favourably low.

Two types of buyers are emerging in the market. One who has a down payment and pre-approval in place and can finally go shopping for a resale condo. The other does not have the full down payment or might need to save more – in which case, pre-construction might be the way to go. The stress test is still in full effect, so even with the low interest rate environment, qualification can be challenging.

Now that we are experiencing a “stay in” mentality, there are a few different factors to consider. These include small units that feel very cramped, longer delays for buyers that purchased pre-construction and did not yet close, communities that were attractive but have now shifted

34 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

to accommodate a work-from-home lifestyle. Prior to the pandemic, small condos were not an issue for many buyers, and builders were designing smaller units to accommodate affordability. It’s one thing to have a small dwelling and make it work, but when life changes so drastically and we are now staying in much of the time, a 490-sq.-ft. condo starts to feel really small.

If you purchased a pre-construction condo and you were supposed to close, you might be dealing with delays, as well. The upside is that interest rates are low, so you can lock in a rate for a few months at a time.

This also gives you more time to put some money aside.

In the past few months, I have noticed a shift in where buyers want to live. Before the pandemic, downtown Toronto’s financial district was extremely attractive. When companies started sending people home, however, things changed. After experiencing a shutdown and working from home, people began to appreciate what we

had. Areas such as Toronto’s King West were desirable, but living in an area where there is a community feel is increasingly at the forefront.

Overall, people are still buying and selling; real estate is always fuelled by motivation, and there is no lack of it now. There is a little more uncertainty, but that is normal, considering what we are all going through.

Despite these challenges, for people who have been sitting on the sidelines, now really is a good time to buy. Pre-construction condos are still selling. It just depends on individuals and their respective positions.

Arie Buzillo is a real estate broker and an investor specializing in buying and selling properties all over the GTA. He works at ReMax Hallmark First Group Realty Ltd.

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ADVICE | LEGALLY SPEAKING

ESTATE PLANNING DURING THE PANDEMIC JAYSON SCHWARZ LLM JACQUELINE MONETA

One of the questions we receive frequently is, “Why do I need a will?”

People stammer and start, don’t want to discuss it and avoid the topic completely. These days, it’s more important than ever. All of us who love our families have an obligation to take this simple step to ensure their continuity, if something should happen to them.

It is important that you make a will for the following reasons: • To prevent your estate from going to the provincial government • To make sure the people you want to leave specific items actually receive them • To avoid leaving your relatives with costly issues after your death • To allow you to choose people to act as adoptive parents or guardians, if you have young children • COVID-19 has brought with it a unique set of challenges when it comes to the preparation and signing of wills and Powers of Attorney As of April 7, wills can be witnessed by video conference. Previously, two witnesses had to be physically in the presence of the testator (the person making the will) when a typed will is signed. The emergency order from the government of Ontario now confirms that the “presence” may be by audiovisual communication technology.

Please note that at least one of the two witnesses must be a licensee of the Law Society of Ontario (a lawyer

or a paralegal) (the “Licensee”). This will likely require a different affidavit of execution than pre-COVID-19. We recommend two separate affidavits of execution, one for the Licensee and one for the second witness.

The new emergency order now confirms that Wills and Powers of Attorney can now also be witnessed in counterpart (than means signed at different times). By using video conferencing and counterpart, wills and powers of attorney can be fully executed remotely, giving immediate validity to the documents.

These new processes allow for lawyers and clients to adapt in these unprecedented times, but increase work for everyone. All instructions need to be in writing and signed off. Clients need to review their will and ask questions on the phone or virtually. Finally, signing using audio video technology requires the lawyer to keep detailed notes, likely through

the use of a checklist, or record the meeting. Whether signing one copy of the will via video conference, or using counterparts, it’s important that both the witnesses actually see the testator, sign the will, and that the testator actually see both witnesses subscribe the will. This may require up to two additional video conference calls with the testator to ensure compliance and validity.

As you can see, the entire process may not exactly be easy, but it’s certainly doable.

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

+MORE CONTENT ONLINE nexthome.ca

nexthome.ca | myhomepage.ca 35

NEIGHBOURHOOD WATCH

MARKHAM ONE OF THE HOTTEST REAL ESTATE MARKETS IN ALL OF ONTARIO

by WAYNE KARL As the fourth most populous community in the GTA – after Toronto, Mississauga and Brampton – Markham has been a hotbed for economic growth and development for years.

It’s long been known as a centre for growing sectors such as technology and life sciences – and therefore employment growth – one of the key drivers of housing demand.

Today, Markham is home to more than 1,000 such companies, with IBM, Huawei, Honeywell, Advanced Micro Devices, Motorola and Oracle all having their Canadian headquarters located in the city.

RESIDENCE HAS ITS PRICE

Buying a home in Markham may cost you, though, as it has also

become one of the GTA’s most expensive housing markets.

According to the Royal LePage Home Price Index for the third quarter of 2020, aggregate home prices grew 12.2 cent year-over-year to $1.05 million.

Condominium prices also grew by double digits, rising 12.1 per cent to $540,972.

Markham home price growth, Q3 Market

Q3 ‘19

Q2 ‘20

Q3 ’20

Q/Q % chg

Yr/Yr % chg

Aggregate home types

$936,072

$1.03M

$1.05M

1.5

12.2

Condominiums

$488,957

$540,972

$548,169

1.3

12.1

SOURCE: ROYAL LEPAGE HOUSE PRICE SURVEY AND MARKET SURVEY FORECAST

36 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

LOCATION, LOCATION, LOCATION Population of 328,940, located in the Regional Municipality of York in the GTA; distance from downtown Toronto, 30 km KEY LANDMARKS • Flato Markham Theatre • Varley Art Gallery • Milne Dam Conservation Park • Angus Glen Golf Club SELECT CONDO DEVELOPMENTS

Canvas on the Rouge

By Flato Developments flatogroup.com

Gallery Towers

By The Remington Group remingtongroup.com

“

Markham also has dozens of parks with baseball diamonds, soccer pitches and children’s play areas and splash pads. The city also boasts more than 22 kms of scenic pathways with 12 bridges that provide recreational activity for joggers and cyclists.

”

New-home development is a priority for the City and Mayor Frank Scarpitti, who was first elected in 2006 and is known as developerand builder-friendly. The city has a number of new home developments underway, including some highprofile condo and lowrise projects.

The revitalization of Downtown Markham has been spearheaded by The Remington Group’s multi-use development along Main Street, which includes expansive retail shops, a Marriott Hotel, a Cineplex, as well as a variety of condos and townhomes.

CULTURAL DIVERSITY

Culture is also an important attraction in Markham, with The Flato Markham Theatre offering more than 300 live performances each year, showcasing the diversity of the city. In addition, Varley Art Gallery encompasses the historic Kathleen McKay House, which was the home of the Group of Seven’s Frederick Horsman Varley for the last 12 years of his life.

Measuring 15,000 sq. ft., the gallery

Langstaff Gateway

By Kylemore Communities kylemorecommunities.com

Panda Markham

By Lifetime Developments lifetimedevelopments.com

Uptown Markham

By Times Group Corp. timesgroupcorp.com

Vendome

By H&W Development hwdevelopments.ca NOTABLE NEIGHBOURHOODS Visit nexthome.ca Angus Glen Berczy Cornell Rouge River Unionville

is the second most popular tourist attraction in York Region.

Markham also has dozens of parks with baseball diamonds, soccer pitches and children’s play areas and splash pads. The city also boasts more than 22 kms of scenic pathways with 12 bridges that provide recreational activity for joggers and cyclists.

The largest park in the city is the Milne Dam Conservation Park.

Measuring 305 acres, it is bordered by thick forest on the south and east and the Rouge River runs through the middle.

Toogood Pond is an 82-acre park that features a partially naturalized pond and marsh, and it recently underwent revitalization to remove sediment, restore the shoreline and plant native foliage.

Getting around Markham is facilitated by easy access to Hwys.

404 and 407 and the DVP, and for public transit, York Region Transit/ Viva connects with all nine York Region municipalities, and GO Transit provides regular train and bus service.

nexthome.ca | myhomepage.ca 37

BUILDER PROFILE

Elby Bikes at SQ2 Tridel at The Well

TRIDEL WINS ONTARIO HOME BUILDER OF THE YEAR FOR A FIFTH TIME Tridel, Canada’s leading condominium developer, comes away with the homebuilding industry’s most prestigious honours this year. Awarded Home Builder of the Year by the Ontario Home Builders’ Association (OHBA), Tridel demonstrates industry excellence, as well as its commitment to sustainability, Green building and more by earning the Green Builder of the Year from BILD. The victory marked the fifth time Tridel was awarded the industry’s highest honour by the OHBA at its annual Awards of Distinction, showcasing the company’s continued record-shattering leadership within

38 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

the industry and community.

Additional wins include Model Home/Suite up to 2,500 sq. ft. for the Innovation Suite at Ten York, and High- or Midrise Project Video fourplus storeys for Tridel At The Well.

At this year’s BILD Awards, the company sustained its run of success, receiving the Green Builder of the Year award for an unprecedented 11th time, also taking home awards for Best Highrise Building Design for its master-planned community, Tridel at The Well, and the Best Customer Care Award, the fourth win since the prize’s inauguration in 2016.

“We are incredibly proud to accept these prestigious awards and industry

recognition from the OHBA and BILD. Tridel’s deep commitment to our communities, our city and to service excellence are at the very core of who we are,” says Jim Ritchie, chief operating officer. “ For over 85 years, we have created and delivered the best quality home to our customers, for the best value.

We innovate, listen and learn in order to adopt the best practices that serve the homeowner, our city and the environment. These awards inspire us to continue our commitment to be a leader in our industry and to continue to serve our customers and communities with integrity, quality, innovation and sustainability.”

Take Action Team Photo

Tridel’s unwavering commitment to sustainability is showcased in both construction practices and building-performance. As a result, its buildings reflect strong, vibrant, Green communities that are safe and healthy places to live. This dedication is emphasized through the recent planning of The Well, an ambitious mixed-use development expected to generate $4.2 billion in economic activity.

BUILDING GREEN FOR LIFE

Tridel earned LEED Platinum Certification for Aqualina at Bayside in 2020, a first for highrise condominium residences in Toronto. It’s just one example of how Tridel goes above and beyond in sustainable residential condominium development in Canada, delivering more than 20 per cent of the commercial certified LEED multi-unit residential buildings.

Innovation is a core value and embedded into building design and materials, social impact, technology, the environment and more. Several of these initiatives include smart-home technology, utilizing and expanding the Deep Lake WaterCooling system as a renewable heating/cooling system beneficial to both the environment and residents’ wallets, a bike share program at SQ2 in partnership with Elby Mobility, and the inclusion of carbon cure technology at FORM. Tridel suites come equipped with Tridel Connect, an innovative smart home system which aims to make everyday living more convenient.

From hands-free entry to licence plate recognition, Tridel Connect leverages the latest technology to safeguard communities for future generations. With secure, automated package delivery, residents receive a notification, and the holding system will hold onto the package until it’s

Carbon Cure Event

convenient to pick up. Indoor air quality is regulated with RGF haloLED in-duct air purifiers to reduce airborne or surface contaminants and pollutants.

BUILDING SUCCESS BEYOND BUILDINGS

At Tridel, corporate social responsibility (CSR) has come to mean something much greater in scope and ambition than philanthropy or sustainable construction practices.

CSR is not a choice, but a business imperative, where people, planet and profit are aligned to positively contribute to society and shared success. Last year, through its W.I.S.E CSR program, Tridel employees donated more than 600 hours to 41 initiatives. As a founding sponsor of the Building Opportunities for Life Today (BOLT) Charitable Foundation, Tridel has helped raise more than $3.1 million towards 420 scholarships and engaged more than 1,300 youth in community events.

During COVID-19, Tridel supported local communities by raising funds for Feed the Frontlines TO, feeding frontline workers while supporting local restaurants, and helped support food security in vulnerable communities near its future condominium residences. Moreover, Tridel has promoted community economic development by directly supporting local micro-enterprises in its neighbouring communities, such as The Culinary Crew through the Alexandra Park Community Grant Program.

This year, the company launched its Built for Respect campaign to tackle and ideally eliminate racism within

the construction industry. Tridel and its construction division, Deltera, have implemented a long-term strategy which underlines its sustained commitment to going beyond its own workforce to support industry and communities where it builds. Built for Respect was launched in partnership with Ellis Don, the LIUNA Local 183, Residential Construction Council of Ontario (RESCON) and BILD. To date, Tridel is responsible for delivering more than 85,000 homes. With more than 20 new condominium communities currently under development in the Greater Toronto Area, the builder looks forward to continuing its long, proud history of award-winning excellence for many years to come.

Recent launches for Tridel include MRKT Alexandra Park, the condominium residences at Westerly, Royal Bayview, Edenbridge on The Kingsway, and Chateau Auberge on the Park.

For more information on Tridel’s communities, visit tridel.com.

Tridel at The Well

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BUILDER PROFILE | HAMILTON & NIAGARA REGION

Odyssey

ROSEHAVEN HOMES KIWI CONDOMINIUMS AND ODYSSEY UNDER CONSTRUCTION IN SOUTHWESTERN ONTARIO Over this past year, Rosehaven has been hard at work raising communities in Oakville, Burlington, Hamilton and Ancaster. Two stunning condominium residences in particular are already under construction, and a third is coming very soon.

KiWi Condos

40 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

KiWi Condominiums in located in the core of Hamilton’s booming art scene. Taking its name from one of the city’s most famous streets (King William), KiWi is set to be a new hub for young professionals, restaurateurs and artistic types who have made this city their home. This atmosphere is captured in KiWi’s contemporary exterior, its slick and modern interiors, and range of amenities.

The Wicker Park Suite is the premier model in this residence. At 960 sq. ft., it will feature a wraparound balcony with 600 sq. ft. of outdoor space, two bedrooms, two baths, a walk-in closet in the master, a den and an open living space. Few suites remain, and start from the mid $500,000s.

Odyssey, Rosehaven’s awardwinning community in the picturesque town of Grimsby, is perched adjacent to the vast expanse of Lake Ontario overlooking Toronto’s iconic skyline. It also happens to be

at the doorstep of one of the nation’s most famous wine regions. This small town boasts a charming history, with manors and museums open to tour, and the surrounding area is brimming with the natural beauty of the Niagara Escarpment. Caves, trails, lookouts, all of it just a one-hour train or car ride from downtown Toronto.

In the common areas, the amenities include a lobby lounge with private working pods, and a common terrace overlooking both the lake and the escarpment.

Odyssey’s Ripple Suite, a twobedroom layout, has been awarded

by BILD and the Ontario Home Builders’ Association. At 982 sq. ft., it will feature two bedrooms, two baths, and two separate balconies to maximize the views. Floor-toceiling windows will ensure the living space is flooded with natural light, illuminating the fine finishes and craftsmanship for which Rosehaven

is known. Units start at $609,990 and only a handful remain.

The Randall Residences is Rosehaven’s crown jewel, in the heart of Oakville. Inspired by the timeless elegance of late 1800s Belle Epoque Paris, The Randall features a classically styled facade, Beaux Arts design, and a level of refined luxury that the master architect, Richard Wengle, suggested has never been achieved in the GTA. “Our goal was to take the experience of waking up in a beautiful European hotel and offer it to the discerning buyer in an understated yet overtly elegant condo design.”

The Randall suites feature rotunda foyers, wide gallery hallways, soaring coffered ceilings, hardwood and slab marble flooring, and bronzed fireplaces, built to a quality unmatched at the finest homes in the country. Only a select few of these stunning suites remain, starting at $2.45 million.

Rosehaven has developed a reputation for homes that reflect the company’s passion for the craft.

“Everyone in our company, from our president to the architects, from the designers to the sales staff, all the way to the tradespeople hammering each nail, has bought into the philosophy that every aspect of your home should be completed with the

The Vincent

intention of exceeding expectations,” reads Rosehaven’s credo. “Perfect corners, beautiful accents, stunning curb appeal; it’s a culmination of all things, large and small, with no detail left unattended.”

Since 1992, Rosehaven has built more than 8,000 homes across southern Ontario, steadily expanding into new communities, bringing that same passion for which the company has become known. In each of these new communities – from Hamilton to Niagara and beyond – Rosehaven’s team treats it as yet another opportunity to reassert

its commitment to enduring, liveable luxury.

The latest addition to this series of highrise communities is The Vincent, coming to Hwy. 7, just east of Jane St. This luxury condominium will tower over the energy of the emerging Vaughan Metropolitan Centre. Built around the hotelinspired lifestyle, the Vincent is set to be stylish, sophisticated and thoughtfully comforting.

For more information and to register visit thevincent.ca. rosehavenhomes.com

The Randall

Odyssey

The Randall

nexthome.ca | myhomepage.ca 41

BUILDER PROFILE | DOWNTOWN TORONTO

SKYTOWER AT PINNACLE ONE YONGE NOW UNDER CONSTRUCTION For keen observers of Toronto’s red-hot condo development market, there’s more than a bit of irony in knowing that before things can go up, they must go down. Deep down.

One need look no further than to the foot of Yonge Street – the site of Pinnacle International’s Pinnacle One Yonge development – and its massive excavation effort to understand that before the developer’s anticipated 95-storey SkyTower take shape, a monumental feat of engineering is required to lay its foundation.

Pinnacle’s team of architects, engineers and hundreds of skilled trades are excavating the site, digging six levels beneath the earth’s surface to create the foundation for what promises to be one of Toronto’s most prominent architectural landmarks.

“Building the country’s tallest residential tower requires a foundation that is extremely complex and precise,” says Anson Kwok, Pinnacle International’s vice-president of sales and marketing. “To the development team, our construction professionals, and even to our 42 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

purchasers, this stage of excavation is really a beautiful sight as it signifies the start of construction. This is where the excitement begins. This is where we see the ‘roots’ of what will be one of the most iconic buildings in the entire country.”

Adding to the excitement at Pinnacle One Yonge is The Prestige, the first tower to be built.

Construction is well underway and is above the 20th floor. Ownership opportunities are available starting from the mid $800,000s.

The 4.4 million-sq.-ft. community, set along the shores of Lake Ontario, will be located at the foot of Yonge Street. Ultimately boasting three condominium towers (with 2,500 residential suites), 1.5 million sq. ft. of office space, 160,000 sq. ft. of retail, a 250-room hotel, a 50,000-sq.-ft. community centre (complete with six-lane, 25-metre swimming pool and gymnasium), and a 2.5-acre public park, the dynamic Pinnacle One Yonge community, despite its significant features, may ultimately be defined by its striking SkyTower.

Sculpted by the internationally renowned architecture team at Hariri Pontarini, SkyTower will feature 840 condominium residences, each remarkable for its smart and efficient designs, elegant appointments and distinctive finishes. The suites will offer large windows and balconies, providing unparalleled views of the lake to the south, or sprawling urban vistas to the east, west and north.

Among the finishes, each SkyTower suite will offer wide-plank flooring and smooth ceiling finishes. Kitchen designs include sleek cabinetry with pull out pantry, quartz countertop with matching backsplash and under cabinet lighting.

SkyTower amenities include an outdoor swimming pool with hot tub

and lounge areas, outdoor terrace with barbecue areas, fully-equipped fitness centre, serene yoga room, designer-decorated party room with catering kitchen, games room, indoor kids play areas, private dining room, and even a study room.

Pinnacle One Yonge residents will have access to even more amazing amenities, such as an outdoor children’s play area, a dog run with washing station, walking track with fitness stations and additional barbecue areas, plus party rooms for hosting private events.

Ideally located in one of the most convenience addresses in the country, residents will be minutes from the financial district, entertainment area and headquarters for many of the

top companies in Canada. For quick getaways, Billy Bishop Airport and Lester B. Pearson International Airport are within easy reach.

For leisure, Toronto’s vibrant waterfront, bike paths, walking trails, public spaces and an endless variety of markets and festivals are already in place and ready to be enjoyed as soon as occupancies begin in the fall of 2024.

“SkyTower will be an iconic building, set among a distinctive and exciting new urban community,” says Kwok.

“Visible from just about anywhere in the city, as the city’s tallest tower – just shorter than the CN Tower – SkyTower residents will always be able to see their way home.”

For your personal view of SkyTower, call 416.925.9889 or visit pinnacleinternational.ca. pinnacleoneyonge.ca

nexthome.ca | myhomepage.ca 43

ADVICE LOREM| |PERSONAL IPSUM IF NEEDED FINANCE

OUTLOOK 2021 WHERE MORTGAGE RATES ARE HEADED IN 2021

JESSE ABRAMS Mortgage rates have been a popular topic of conversation among Canadians, as they have continued to drop over the last 20 years – especially this year. Although rates temporarily increased above the three-per-cent mark at the beginning of 2019, they quickly came back down by the end of the year. Adding a global pandemic into the mix, and we have seen rates consistently drop for the majority of 2020. Given that the housing market in Canada is a keystone to the economy, the Bank of Canada has stepped in to purchase mortgage bonds, which lowered interest rates to stimulate homebuying. Today, as we continue to navigate through this pandemic, mortgage rates continue to sit at record lows.

WHERE WILL RATES GO IN 2021?

During normal times, interest rates can be impacted by a series of social, political and economic factors, as well as rate changes from our U.S. neighbours. For example, the five-year Canada bond yield recently increased six basis points to 0.46 per cent on positive news of a potential COVID-19 vaccine and Joe Biden’s presidential win.

Oftentimes, increases in bond yields are a leading indicator of rate increases. Conversely, in a pandemic environment, where unemployment is high and economic growth is weak, interest rates tend to be lower to stimulate homebuying, which is what we’ve seen over this last year. As a 44 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

result, the government introduced a series of stimulus efforts that have led to consistent interest rate decreases.

As we head into 2021, the outlook remains uncertain, as the prospect of a viable vaccine has made things a little more optimistic than expected.

If this vaccine works and decreases the number of COVID-19 cases in the first half of the new year, this could increase employment and positive sentiment in the marketplace, while decreasing the need for stimulus efforts. In this scenario, this could lead to slightly higher rates, but nothing too drastic, as recovery takes time.

Given the effect COVID-19 has had on Canadians and the marketplace at large, it’s unlikely we’ll see major changes in interest rates as we head into the new year. Instead, it’s more likely that we will see stability and maybe slight increases or decreases based on seasonality.

SHOULD YOU BUY NOW WHILE RATES ARE LOW, OR WAIT?

Many homebuyers will pay close and attention and try to time their home purchase around mortgage rate increases or decreases. However, if you’re ready to buy a home, you shouldn’t let rates be the main determining factor. The truth is, no one has a crystal ball and you could find yourself spending more money by waiting things out. Home prices have consistently gone up over the last 20 years, and rates can unexpectedly increase at any time, so waiting for a decrease in interest rates might actually cost you more.

That’s why the best thing to do is buy a home when you’re ready, and really focus on locking in a holistic fullfeature mortgage that will save you the most money.

CONSIDER KEY FEATURES WITH YOUR MORTGAGE

While being conscious of interest rates is astute, you also want to take into consideration the features of your mortgage. Having a full-feature mortgage that includes prepayment privileges and low penalties is essential.

It’s one of the best ways to save more money in the long-run and provide more flexibility with your mortgage.

While a rate can save you hundreds, key features can save you thousands.

Choosing the wrong lender or option can leave you with high penalties if you ever need to break your mortgage, whether you’re refinancing or selling your home. Further, these penalties can cost you tens of thousands of dollars. That’s one of the reasons why our team at Homewise works with more than 30 banks and lenders. We actively shop around for borrowers to find them the best tailored options and provide a holistic view of what’s available to ensure cost savings today and into the future.

At the end of the day, there is an old adage that says, “The best time to buy a home was yesterday.” Cheeky lines aside, trying to time the market is never a simple science. While rates could fluctuate in the coming months and years, homebuying is a longterm decision. So, it’s important to buy when you are ready and consider all variables.

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

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Your ONE STOP SHOP for the CHINESE MARKET

Strength of Epoch Media Group: 1) Using digital mix to reach in-market Chinese buyers:

2) No. 1 Chinese daily paper in Canada 3) Largest Chinese TV network in North America 4) Chinese video production & creative

Chinese display banner ad Chinese native ad Advanced Chinese SEO & SEM Lead generation program through responsive Chinese online story Lead generation program through full function Chinese landing page Use 1st party data & 3rd party data for precise target

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Chinese Canadians spend $34.6 billion/year. $1,500 billion were transferred from China to North America last year.

We are your best partner to reach the affluent and influential Chinese Canadians.

Digital + Print + TV + Video production & creative For more information, contact Leah Lan: leah@epochtimes.com | 416-986-3525

ADVICE | CONDO PRO

WE SAY GOODBYE TO 2020 WITH MIXED EMOTIONS

BARBARA LAWLOR

As we approach the end of 2020, we look forward to a positive future, having learned a lot about life from the virus that made history over the past several months. The main thing we realized is that people are resourceful, resilient and creative.

We saw that in full force in the new home and condominium industry.

Having been declared an essential service early in the year, we pulled out all the stops to help people buy homes and condos while minimizing the possibility of spreading the virus.

Technology was our best friend, as we invented new ways for buyers to view potential choices, negotiate, sign agreements and purchase electronically. Sales centres went from physical to online, and through services such as Zoom, we were able to make presentations to individuals and groups. Wherever potential purchasers were in the world, we were able to serve them well by matching them with the best home or condo for their needs and desires. In addition, as restrictions eased up, we incorporated maskwearing and social distancing at in-person meetings.

Yes, early in the year, sales slowed for a while as the seriousness of the pandemic set in, but then, things picked up. The September GTA statistics from Altus Group showed that new condominium sales were up 15 per cent from last September, as well as 33 per cent above the 10-year average. In addition, the benchmark price for new condos was $1.01 million, up

46 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

Green Hill

20.9 per cent over the previous 12 months. And on top of that, we had the strongest third quarter in our history for new construction condos.

The notion that housing demand exceeds supply in the GTA is a given.

Condominiums remain the popular choice for everyone from first-time buyers who find them financially attainable, to immigrants who are used to apartment-style living.

This is not likely to change in the foreseeable future.

Regardless of the time of year and economic situation, people have to buy homes and condominiums because of being relocated or having other life circumstances change. The one thing that never changes is the wisdom of owning rather than renting. Equity-building is an important aspect of financial portfolios for savvy savers. Those who choose to purchase new also love the fact that they can select the features and finishes that transform their new digs into whatever “home” means to them.

I imagine 2021 will be different yet again, as we adapt to a “new normal” – as people are calling it. Mortgage

interest rates remain incredibly low, which is a major motivating factor for buying homes. For Baker, condominium sales remain brisk, and we expect the new year to begin with robust interest, as it did in 2020.

The fact that the public has enough faith in our economy to continue to buy homes and condominiums bodes well for the future. Happy Holidays from the team at Baker Real Estate Inc., and have a wonderful New Year!

Barbara Lawlor is President and CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing and sales of condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. Having received numerous awards and accolades, she is an in-demand columnist and speaker well respected for her impactful industry voice.

+MORE CONTENT ONLINE nexthome.ca

Join us in planting 2 million trees near the 401 Highway of Heroes in honour of the Canadian men and women who served during times of war, and the 117,000 who sacrificed their lives.

If you have a hectare or more of land, within 15km of the Highway of Heroes (401 from Trenton to Toronto), you may be eligible to plant trees for as little as 10 cents/tree.

Trees add value to your property. They act as natural wind and snow breaks while mitigating the effects of climate change, cleaning and cooling the air, and maintaining water.

For more information contact April Stevenson - 1.844.277.HERO (4376) - april@hohtribute.ca & visit hohtribute.ca/plp

ADVICE | REAL INSIGHT

BEHIND THE NUMBERS FOUR MONTHS OF BACK-TO-BACK RECORD SALES OCTOBER LISA PATEL

$968,318 10,563 Average Selling Price

Home sales in the GTA were up year-over-year for the fourth month in a row. In October, GTA realtors reported 10,563 residential sales to TRREB’s MLS System, marking an increase of 25.1 per cent when compared to October 2019. GTA realtors also reported 17,802 new listings, up by 36.4 per cent compared to last year.

However, year-over-year growth rates for sales and new listings diverged in some market segments. In the detached market segment, the pace of annual sales growth far outstripped growth in new listings. Conversely, the condominium apartment market segment experienced more than double the new listings compared to October 2019, whereas sales were only up by 2.2 per cent over the same period.

Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighbourhoods.

Whereas, condo buyers have benefitted from much more choice compared to last year. In October, overall average selling price was $968,318, up 13.7 per cent compared to last year.

CONDO LISTINGS DOUBLE

Although condo listings have doubled, pre-COVID polling had already pointed to an increase in investor selling in 2020. The pandemic only added to this trend with a stall in economic growth and a halt to tourism, impacting cashflows for many investors.

However, we continue to experience back-to-back records sales, plus year-to-date home sales are also above last year’s level. This points to what’s driving demand and in what segments. Economic recovery coupled by low borrowing costs have kept homebuying top-of-mind for many GTA residents, especially in the mid-density housing segment. We have not accounted for all of the pent-up demand that resulted from the spring downturn, and we can expect record or near-record home sales for the remainder of 2020.

48 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

2020

by the Numbers

Total Residential Transactions

17,802

FOR SALE

Total New Listings Seasonally Adjusted Figures

Seasonality refers to a monthly (or quarterly) pattern that occursin roughly the same manner from one year to the next, e.g., salesare highest in the spring and lowest in the winter each year.

59%

Sales

$14K

Seasonally Adjusted Sales

$12K $10K $8K $6K $4K $2K $0

‘10 ‘11

‘12 ‘13 ‘14

‘15

‘16

‘17 ‘18 ‘19 ‘20

Sales-to-New Listings Ratio

* Ratio between the number of homes sold and new listings entering the market. Sales-to-listings ratio is normally around 50% during a balanced market. A higher ratio implies a seller’s market, while a lower ratio implies a buyer’s market.

DEMAND FOR THE ‘MISSING MIDDLE’

Looking beyond COVID-19, it is clear that high demand for housing will continue. The federal government has set immigration targets above 400,000 people for each of the next three years. The GTA will undoubtably continue to benefit from this population growth. All of these people will need a place to live, whether in the ownership or rental markets.

On that note, how can all levels of government work toward prioritizing housing affordability and supply? Part of the answer lies in the commitment to build more middensity housing to bridge the gap between condos and detached houses. Addressing the “missing middle” will help give GTA buyers more affordable housing options, and something TRREB has long called for.

Lisa Patel is President of the Toronto Regional Real Estate Board, a professional association that represents 54,500 professional realtor members in the Greater Toronto Area.

You can contact her at trebpres@trebnet.com. For updates on the real estate market, visit trreb.ca.

+MORE CONTENT ONLINE nexthome.ca

Photo: Heritage Gate, Dunpar Homes dunparhomes.com

INTERIORS

IN THIS SECTION: D E C O R

| HOME FINDS

INSPIRATION |

HOW TO DESIGN A

decor

BATHROOM

THAT MAKES A STATEMENT

by LINDA MAZUR When designing a bathroom, we often think of ways to make it highly functional. We want to optimize every nook and cranny, and sometimes shy away from the aesthetics. However, with a few design tips, it’s easy to create a functional yet beautiful bathroom all wrapped up in one.

In fact, a powder room or guest bathroom can be the perfect space to dip your toes into trying out a new trend, colour or pattern. The bathrooms of today pack a punch, and with these tips, yours can, too.

Colour is a great place to start when looking to create a wow factor.

50 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

While white will always be classic, adding colour is a surefire trick to make your small space have big impact. If you want to start small, try adding in a hit of colour with your accessories, or even furniture… a blue vanity to complement those bold gold accents, or a coloured sink can be a great eye-catching design feature sure to steal the show.

If you find yourself a little more committed to colour, introduce coloured faucets. It might sound a bit unconventional, however, a bold red or blue faucet will make a statement.

Paint is a great cost-efficient way to

add style and transform the feel of your bathroom. Try that calming and tranquil blue for a spa-like feel or go big and bold with black on all four walls. Don’t forget that ceiling – it’s a fifth wall that can open a world of design opportunity, and when given a hit of colour it can take that space to the next level. Colour adds depth and dimension, two important design elements that will bring your small space to life.

Another great way to make a splash in the bathroom is by using wallpaper.

When mentioning wallpaper, the reaction of many people is to cringe.

We get it! However, today’s wall coverings not only offer an abundant selection of textures, patterns and colours, they also add amazing visual interest with eclectic murals, or by mimicking other finishes such as wood, metals or brick. Try adding wallpaper to one wall to create a feature wall, to the ceiling for a fun twist or even to all four walls for a major impact. Wherever you decide to use it, remember to keep the other elements more neutral and really let that wallpaper shine.

Let’s talk tile. The world of tile is vast and goes far beyond simple white subway tile. Tiles come in an array of colours, finishes, textures, shapes, sizes and patterns. If you’re looking for big impact and high contrast, then a black and white patterned floor tile will do just the trick. If you’re looking to make a subtle change to a classic like subway tile, then try stacking the tiles vertically and select a tile with a

bit of a textured finish. For a bolder statement, a coloured 3D effect tile in your shower might just do the trick.

Just like wallpaper, tile also can mimic the look of other finishes such as wood, brick, metals or even vintage distressed glass, to help you create a unique look in your bathroom.

Bathrooms will always be a functional space; however, they do not need to be boring. The design options for bathrooms are no longer relegated to classic whites and neutrals, and we do not need to

sacrifice beauty for function. There’s a world of opportunity available to us today to create high impact in this small space, so go ahead and try that blue and white hexagon tile on the floor, or those amazing chevron tiles you found for your shower niche, and give your bathroom the attention it deserves. Remember, the greatest surprises often come in the smallest packages… so be fearless when it comes to designing the smallest room in your home!

Linda Mazur is an award-winning, nationally publicized designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds within Toronto, the GTA and throughout Canada. lindamazurdesign.com @LindaMazurGroup nexthome.ca | myhomepage.ca 51

POP& fizz

INSPIRATION |

home finds

2 3

WHETHER YOU PREFER COUPES, FLUTES OR STEMLESS, COLOURED CHAMPAGNE GLASSES ARE A FRESH, MODERN UPDATE

1

4

1 | ORDERS UP ROSY GLOW champagne glasses by Kate Spade New York. $125. thebay.com 2 | SWIRL EDGE CHAMPAGNE FLUTE in blue by Mikasa. $88.99 (set of four). bedbathandbeyond.ca 3 | STEMLESS CHAMPAGNE FLUTES in moss green by Oui. $39.50 (set of four). indigo.ca 4 | TWILL CHAMPAGNE FLUTES in pink by Godinger. $53.99 (set of four). bedbathandbeyond.ca 5 | COUPE IN AMBER by Oui. $44.50 (set of four). indigo.ca

MODEST: Chateau des Charmes Brut Sparkling. $25.95. lcbo.com

5

MINTED: Dom Perignon Brut Rose Vintage Champagne 2006. $347.95. lcbo.com

Champagne for every budget ENJOYING SOME BUBBLY DOESN’T HAVE TO BREAK THE BANK, CONSIDER THESE OPTIONS FOR EVERY BUDGET

52 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

MEDIUM: Pol Roger Brut Champagne. $70.65

LET’S GET FIZZICAL: More than 50 bubbly cocktail recipes with Prosecco, Champagne and other Sparkling Wines by Pippa Guy. $18.99. indigo.ca

ROMANTIC

EL AU NATUR

1

Around the table

ONE OF THE EASIEST WAYS TO CREATE A BEAUTIFUL TABLESCAPE IS TO CHOOSE A THEME. THIS YEAR, LOOK WITHIN AND LET YOUR PERSONAL STYLE GUIDE YOUR TABLETOP CHOICES

2 4

ECLECTIC

3

CLASSIC

1 | DINNER SET in two-tone cream by Safdie & Co. $47.97 walmart.ca 2| STRIMMIG PLATE in stoneware pink. $4.49. ikea.ca 3 | Leila SALAD PLATE. $68. potterybarn.ca 4| Crisp matte white SQUARE DINNERWARE. $4.95 to $41.80. cb2.ca nexthome.ca | myhomepage.ca  53

INSPIRATION |

big style, small spaces

7 ways to add festive cheer this holiday season

by LISA ROGERS

This year, celebrating the holidays is essential, so here are my suggestions for spreading some festive cheer at home this season.

No matter what 2020 brings us for the rest of the year, one thing is for sure: the holidays are still coming, and we need to find some joy in any way we can. While this season is undoubtedly going to be different for all of us, our families and friends, it’s supposed to be the most wonderful time of the year, so let’s still find some cheer in all of this 54 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

chaos. For me, it starts with creating a warm, cosy and festive feel at home, which will include some of my most meaningful rituals and decor. Research shows that people who nurture daily celebratory and gratitude habits have more energy, less anxiety, and better physical health. All the good things!

Keeping holiday rituals special will create a distinction from one day to the next. We all feel like we’re in Groundhog Day, living the same day over and over, so come the holiday

season, it’s imperative we create a distinction from our everyday to something special. I’ve heard some people say they’re not buying a tree this year because “why bother?” I can’t entirely agree! Buy the tree, decorate your home, play your favourite festive music, and do all of the things you do during the holiday season. Not only will it give you a sense of normalcy, but it will also help bolster morale and curb those feelings of anxiety and fear we’re all experiencing.

DON’T DENY YOURSELF THE PLEASURE OF DRESSING UP

We’re likely not going to leave our house, but aren’t we all tired of the sweats? Holidays are always fun to dress up in your best, and celebrating at home shouldn’t change that. Dress in something that brings you joy, take family photos, and mark the day as a celebration.

KEEP IT SIMPLE, ELEGANT, FUN

Choose one or two accent colours for a cohesive look (whether it’s two shades in the same colour family or accent colours) and find easy ways to marry them into your existing decor.

This can be done with an arrangement of winter flowers, candles or soft furnishings. I tend to prefer a more clean, modern look, so instead of opting for the traditional classic cherry red and emerald green combination (or a Scottish tartan pattern), I may go for a deeper burgundy or hunter green instead and pair with creamy white tablecloths. I also switch out my lighter blankets and pillows for chunkier textures, like knits and velvets. Consider rearranging your furniture, too, to face your tree or fireplace to create that warm gathering spot for your family to cosy up.

CREATE WARM LIGHT SCATTER ORNAMENTS THROUGHOUT YOUR HOME

This is the most straightforward idea to execute, but the most impactful, too. Take your clear vases, glasses, or bowls and stack colourful ornaments with boughs of evergreen and pine cones and place them either as a centrepiece on your table, a bookshelf or kitchen counter. You could also tie extra ornaments with ribbon and frame around a windowsill or on a fireplace mantle.

INVITE THE OUTDOORS IN

Some of the most stunning, textural decorations can be found right outside your door. Collect sprigs of pine or evergreen, a bunch of hollies, berries, acorns and pinecones, and bring those clippings inside to scatter in vases around your home. The scents are incredible!

Fill your mercury glass votive and vases with candles for some warm holiday shimmer, or buy some beautifully scented candles that will create warmth and fill your space with a festive fragrance. You can also drape white twinkle lights around a great hallway mirror or doorframe for immediate ambiance.

PILE ON THE BEDDING

Swap out your cotton sheets in your bedrooms for flannel, and add a thick blanket with your duvet. When the nights get chillier, there’s nothing cosier than sinking into a warm, comfy bed.

COOKIES! EGGNOG! MULLED WINE!

Filling your home with the lovely scents of a spiced mulled wine or freshlybaked shortbreads is the quickest way to happiness, so don’t stop those traditions just because this season isn’t the same as last year. Do all the baking, drink all the eggnog, and sip on your mulled wine by the fire. Dipping into these treats isn’t a guilty pleasure. It can be a little moment of self-care that counts.

Lisa Rogers is Executive Vice-President of Design for Dunpar Homes (dunparhomes.com). Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and as a regular guest expert for fashion and image, health and wellness and design on CityTV’s Cityline. Follow Lisa’s blog at craftedbylisa.ca nexthome.ca | myhomepage.ca 55

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Did our homebuyer guides help you find your new home?

If so, this giveaway is for you!

If you’ve purchased your new home within the past 12 months - Enter Today!

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Several Winners Per Month!

• Go to myhomepage.ca/contests • Select this contest within the listing and click Enter to Win. • Good Luck!

• For full contest details & rules visit the link above.

CONDO PROFILES

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developer: style: size: prices from: features:

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ENTER TODAY! www.blackanddecker.ca

HOT PROPERTIES | GREATER TORONTO AREA

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38 45 34

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MAPS

CARTOGRAPHY: MARKETMAPS.COM

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

nexthome.ca | myhomepage.ca  59

HOT PROPERTIES

FIND YOUR NEXT HOME

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

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

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Brampton..............................Urban Towndominiums .............................CTH........................ Mississauga Rd. & Wanless Dr. .............................. rosehavenhomes.com Etobicoke..............................Edenbridge Kingsway ..............................MR/CTH .................... The Kingsway & Lambeth Rd. .......................................................tridel.com Etobicoke..............................Evermore at West Village ............................ HR ......................... Eva Rd. & The West Mall ...................................................................tridel.com Etobicoke..............................Humberwood Heights ........................... CTH/FTH ................... 50 Humberwood Blvd. .......................................tributecommunities.com Etobicoke..............................The Kip District 2 ........................................... HR ......................... Kipling & Dundas St. W. .......................................... concertproperties.com Etobicoke..............................42B Queensway III ........................................ HR ......................... 1325 The Queensway...........................................tributecommunities.com Etobicoke..............................36 Zorra Condominiums.............................. MR ......................... 36 Zorra................................................................... altreedevelopments.com Markham/Unionville..........Panda Markham ............................................. HR ......................... 8200 Warden Ave. ............................................lifetimedevelopments.com Markham/Unionville..........Varley Condo Residences .............................LR.......................... 20 Fred Varley.........................................................tributecommunities.com Mississauga ..........................Amber at Pinnacle uptown ......................... HR ......................... 5044 Hurontario St. ..............................................pinnacleinternational.ca Mississauga ..........................Perla Towers at Pinnacle Uptown.............. HR ......................... 5044 Hurontario St. ..............................................pinnacleinternational.ca Mississauga ..........................Edge Towers ................................................... HR ......................... Hurontario St. & Elm Dr. ...................................................................solmar.ca Mississauga ..........................Brightwater Condos .....................................CTH........................ 70 Mississauga Rd. S. .......................................mybrightwatercondos.com North York ............................680 Sheppard Ave. E. ................................... MR ......................... 680 Sheppard Ave. E.............................................tributecommunities.com Oshawa .................................U.C. Tower ....................................................... HR ......................... Simcoe St. & Winchester Rd................................tributecommunities.com Scarborough ........................Pinnnacle Toronto East ............................... HR ......................... 3260 Sheppard Ave. E. .........................................pinnacleinternational.ca Scarborough ........................Towns at Rouge Valley ................................CTH........................ Sheppard Ave. E. ....................................................tributecommunities.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 .................................XP Condos ....................................................... HR ......................... 1182 King St. W. .................................................lifetimedevelopments.com 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 Thornhill ...............................Royal Bayview ................................................ MR ......................... Bayview Ave. & Royal Orchard Blvd. ............................................tridel.com Vaughan ................................Park Avenue Place 1 & 2 ............................... HR ......................... Jane St. & Rutherford Rd. ................................................................solmar.ca Vaughan ................................The Vincent...................................................... MR ......................... Jane St. & Hwy. 7 ........................................................................ thevincent.ca Vaughan ................................The Rose Hill Condos ................................... MR ......................... 177 Woodbridge Ave..... truecondos.com/capital-north-communities/

MAPS

Locate properties using the map on the previous page

60 condolife magazine | Dec. 5, 2020–Jan. 16, 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

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.

Dundas ..................................Sage ..................................................................CTH........................ Governor & Craton .......................................................... elitemdgroup.com

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.

Haggersville ........................Woodland Country Estates .....................LR/CTH .................... O Hewitt St ....................................................woodlandcountryestates.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.

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

21.

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

MAPS

Locate properties using the map on the previous page

+

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

nexthome.ca | myhomepage.ca 61

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

KITCHENER–WATERLOO

Guelph

Waterloo

Milton

Kitchener

Cambridge

5

Brantford

Hamilton

7

13

4

3 1

14

2 12

LONDON

15

London

11

62 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

Mississauga

19

16 17

Oakville 18

6

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

Burlington

20 10

St Catharines

Niagara Falls

8

21

Welland

CARTOGRAPHY: MARKETMAPS.COM

9

nexthome.ca | myhomepage.ca  63

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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a ze

tR

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atha

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i

7

Co

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d ge R y Rid Vi m

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Ontar i o St

Elgin

St W

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4t

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e Rd

od D tw o Wes

Co

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St

Port Hope

Tele

Rd

S e St Hop King St

Wi l

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Rd

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a kesh ore

R Marsh

St N

401

vd y Bl Raple

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2

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Andrew St

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Ham

Morr

C

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Hamilton Twp

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Newcastle Bowmanville

L

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M a s twoo

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Newtonville

M il l

6t

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Ph

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el Beth

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Orono

St

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G

Dr ges Rd

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dR

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CARTOGRAPHY: MARKETMAPS.COM

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Line

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Courtice

Bloo

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64 condolife magazine | Dec. 5, 2020–Jan. 16, 2021 wy W

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ADVERTISER INDEX — Find ads easily inside this edition 50 at Wellesley Station – Plaza ........2

Graydon Logistics .............................25

Oro at Edge Towers – Solmar ........... 3

Access Storage ...................................25

Great Blue Resorts ........................... 65

American Standard ...........................18

Grohe ...................................................18

Pinnacle Toronto East – Pinnacle International .................. 57

Bermex ................................................25

Highway of Heroes ...........................47

Rose Hill, The – Capital North Communities .......... 5

Black & Decker .............................57, 65

Hotel Vie..............................................33

Ryan Design........................................ 16

IDRC .....................................................25

Skytower – Pinnacle International ..................68

Brand Factory.....................................14 Canadian Appliance Source ..............4 Condo Store, The ..............................15 Cosentino ...........................................18 DVX.......................................................18 EnerQuality ........................................67

Indigo...................................................25 Jaymar .................................................25 Kentwood ...........................................18

BUILDERS

Tridel ................................................9, 57

Epoch .................................................. 45 Euroline .................................................4

My Design Studio ..............................18

Focal Point ..........................................25 Gladstone Media ...............................13

Westerly – Tridel ................................. 9

McOuat ................................................17 MRKT Alexandra Park – Tridel ................................................57

Fisher & Paykel ...................................18

Wayspa .................................................. 2

NextHome.................................... 18, 25 One Twenty – Mountainview Building Group ... 11

Mountainview Building Group ....... 11 Solmar ................................................... 3 Pinnacle International ...................... 57 Capital North Communities.............. 5 Pinnacle International ......................68 nexthome.ca | myhomepage.ca 65

ADVICE | INDUSTRY REPORT

WHY BILD SUPPORTS ONTARIO’S CHANGES TO HOUSING REGULATIONS

AND YOU SHOULD, TOO DAVE WILKES

Finding a home to purchase or rent within a specific budget is more challenging in the GTA than in other parts of Ontario, whether one is looking for a highrise condominium or a single-family home. Fortunately, the provincial government has taken action and made regulatory changes that will help. Before the impact can begin to be felt, however, municipalities must update their bylaws and processes to meet the new requirements. This is why the Building Industry and Land Development Association (BILD) is calling on municipalities to take swift action and adopt the changes.

A shortage of supply of new homes is at the heart of the GTA’s housing crisis. Simply put, the population of the region is growing faster than new homes are being added. Increasing housing supply is not easy, as building housing takes too long and costs too much. There is red tape, unexpected changes and government fees that add years of paperwork and can contribute tens of thousands of dollars to the cost of an average home.

“

Simply put, the population of the region is growing faster than new homes are being added.

”

66 condolife magazine | Dec. 5, 2020–Jan. 16, 2021

On The Mark, StateView Homes

The current provincial government has recognized the housing supply challenge and its impact on Ontarians and has taken action.

It has identified the root causes and have moved quickly to find solutions, while preserving Ontario’s agricultural sector and employment lands, protecting sensitive areas such as the Greenbelt and preserving cultural heritage.

These changes streamline the new home building process, increase transparency and accountability, and require planning for growth and needed land for a longer time horizon using a market-driven lens.

The government’s actions are very positive for the region. They will allow new home supply to better match demand, meeting the housing needs, for purchase or rent, of future generations, and will ensure that the GTA remains a welcoming place to call home. That’s why BILD and our members support the government’s changes.

The Ontario government has done its job, and now it’s the municipalities’ turn. Many of the changes introduced by the

government require municipalities to update their processes and bylaws to achieve the intended outcome.

Municipalities have up to two years, depending on the change, to come into compliance with the new provincial rules and regulations.

The GTA’s housing supply challenge has been decades in the making and addressing it will take a concerted effort by municipalities, the provincial government and industry working in partnership over many years.

To learn more about what needs to be done and how you can show your support, visit bildgta.ca.

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

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Get the certification that homebuyers already know.

Learn more at enerquality.ca or email info@enerquality.ca

ENERGY STAR® certification is now available for Multifamily Mid and High Rise New Construction Buildings. This project was made possible through the financial support of the Independent Electricity System Operator. The ENERGY STAR name and symbol are trademarks registered in Canada by the United States Environmental Protection Agency and are administered and promoted by Natural Resources Canada.