Mar 29 - Apr 12, 2014 Volume 17 Issue 6
Rosehaven’s Niagara Lifestyle LYON’S CREEK, CHIPPAWA |
INSIDE THIS ISSUE
WHAT EXACTLY IS SMART GROWTH?
GIBSON HEIGHTS, THOROLD
NIAGARA: MORE THAN JUST THE FALLS
SWO BUILDERS SHINE AT ENERQUALITY AWARDS
42 FOOT FRENZY! 2 DAYS ONLY! APRIL 5TH & 6TH
$10,000 OFF **
42' PREMIUM LOTS
OR
$5,000
**
IN UPGRADES ON 42’ HOMES
ONLY 5% DEPOSIT***
BRANTFORD
TRUE Freehold Towns from
HAMILTON
30' Detached from
224,990
254,990
$
$
36' Detached from
44' Detached from
296,990
331,990
$
$
309 Blackburn Dr., BRANTFORD 519.756.4554
3 Binhaven Blvd., OPEN 7 DAYS A WEEK:
QEW 407 QEW 407
Ask about our
Toronto Toronto
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General Brock General Brock Pkwy Pkwy
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Easy Buy Program
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Brantford Brantford
Lake Ontario Lake Ontario
Mississauga Mississauga Lake Lake Ontario Ontario
Cambridge Cambridge 401401
Mon-Thurs: 1-7pm Fri: 1-6pm Sat, Sun & Holidays: 11am-5pm
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Join the conversation @Empire_Living
Niagara Niagara Square Square
facebook.com/EmpireCommunities
On April 5th and 6th, we’re having our biggest sales event in the history of Victory. But it won’t last long as there’s a limited selection of 42’ homesites available. Two irresistible offers. Two days only. Don’t miss it!
STONEY CREEK
TRUE Freehold Towns from
TRUE Freehold 2-Storey Towns from
296,990
289,990
$
$
34' Detached from
42' Detached from
406,990
503,990
$
$
22 Green Mountain Rd. W., STONEY CREEK 905.930.7934
READY TO LIVE HOMES Detached from
294,990
$
NIAGARA
TRUE Freehold Townhomes from
30' Detached from
291,990
209,990
$
36' Detached from
331,990
44' Detached from
219,990
$
30' Detached from
36' Detached from
$
$
44' Detached from
46' Detached from
$
$
309,990
381,990
$
TRUE Freehold Park Townhomes from
$
239,990
$
BINBROOK 905.692.6000
PHASE 3 NOW AVAILABLE!
279,990 359,990
McLeod Rd. & Kalar Rd., NIAGARA 905.354.1710
2013 En Prices, sizes and specifications are subject to change without notice. *Please see Sales for full details, the Easy Buy ™ Program is not available at Imagine. **Applies to select 42' homesites, please see Sales for full details. ***Limited time offer, for closings 12 months or later, please see Sales for full details. Map not to scale. Exclusive listing brokerage: TFN Realty Inc. Broker Protected. E. & O.E.
EMPIRE IS ENERGY STAR PLUS!
e r Q u a lit y
empirecommunities.com
mattamyhomes.com
Spring Will Be In Full Bloom April 12th With Our New Model Homes And New Release.
The Stunning Violet Model Home In Wildflowers.
Now Open, 4 New Detached Model Homes Open To Tour! Spring is a great time to come and tour the 4 exceptional new Model Homes in Kitchener’s popular community of Wildflowers. They’ll give you a perfect idea of the style, thoughtful planning and family features we build into every home. We also have a completely new release of 30', 36' and 43' Detached Homes. Wildflowers offers wonderful communityfeatures such as parks, playgrounds, walking/biking trails, scenic ponds and a mature forest bordering the community. Spring is beautiful among the Wildflowers.
36' Home, The Primrose, Elev. ‘B’, 2,217 Sq.Ft., $384,990
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Detached Homes From $298,990
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30' Home, The Blackcurrant, Elev. ‘D’, 1,450 Sq.Ft., $318,990
179 Seabrook Drive, Kitchener Follow us: Presentation Centre Hours: Monday - Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm Wildflowers Model Home Hours: Monday - Thursday 1pm-7:30pm; Friday 1pm-5:30pm; Saturday, Sunday and Holidays 11am-5:30pm 6
All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.
NOW’SYOURCHANCE!
from the mid
200s
$
CountryGreenHomes.com | 905-690-7600
CENTRE RD.
Come see for yourself how big city convenience can nestle perfectly with small town charm, only in Waterdown.
WATERDOWN
PARKSIDE DR.
6 DUNDAS ST.
403
HAMILTON ST.
New release of freehold three storey urban towns that will suit your lifestyle.
407 QEW
Monday to Wednesday 2-7pm Thursday/Friday by Appointment Saturday & Sunday 11-4pm MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 7
contents p. 14
Mar 29 - apr 12, 2014 || voluMe 17 issue 6
ON tHE COvER
ROSEHAvEN HOMES
Outstanding value and choice at Niagara area communities with Rosehaven Homes
18
regular and special features
community focus features
in every issue 10 Editor’s Note 83 Hot Dates 84 Ad Index columnists 38 Building Blocks
18 Waterdown
What exactly is smart growth? by Jeff Paikin
86 Fundamentally Speaking Homeownership affordability holding its own by Wayne Karl
in the news 24 Reid’s Heritage Homes
awarded 2013 Builder of the Year by Guelph and District Home Builders’ Association
26 WRHBA
Canadian icon Jon Montgomery to speak at annual networking event
42 Forest Park Homes
Grand opening at The Village Landing in Fonthill
Mattamy Homes New family memories will soon be made at Cranberry Hill in Waterdown
36 Multi-site
Mountainview Homes Your home is their castle, when it comes to Mountainview’s youngest homebuyers
46 St. Catharines
36
Bayview-Wellington Homes Spring arrives at Victoria Village, where recreation and leisure abound
52 Oakville
Menkes Developments & Fernbrook Homes Modern freehold towns in Oakville – final release from the low $400’s
New Home Watch
21 Waterloo 29 Hamilton 64 London
46
54 ADI Development Group
set to launch urban inspired townhomes at LINK in Burlington
72 EnerQuality Awards
EnerQuality announces 2013 winners of Awards of Excellence
homebuyers’ help 60 City Focus
Niagara – more than just the falls
77 Homebuyers’ Resources
Mortgage Calculator & Rate Table
52
your home.
his metropolis.
L!
EA ERDe only!
ed tim SUP limit
this is a home where toys, video games and superman costumes have their own space. this is a home with a playroom that inspires imagination. this is a home where forts, crafts and memories are made. this is a home with a space all his own... his metropolis. FOR A LIMITED TIME, GET A
FINISHED BASEMENT! $12,000 VALUE!
(the perfect space for your little one!)
www.mountainview.com
905.323.6232
Offer & Specification subject to change without notice. E.&.O.E. Not valid with any other promotion or on previous purchases. Finished basement approx. 300 Sq.Ft including stair up to main floor. $8,000 Design Dollars available in lieu of the $12,000 basement package. Restrictions apply, visit sales office for details. MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 9
//EDITOR’S NOTE
Interest rates still in your favour Take advantage of the opportunity while you still can
T
he Bank of Canada’s recent announcement to hold its interest rate target at one per cent does not come as a surprise. The rate has been holding at that level since September 2010, which is good news if you’re in the market for a mortgage. There are many excellent mortgage products available from banks and brokers that will suit your individual needs, and could well be lower than posted bank rates, which are currently hovering around three per cent for a variable rate. With a pre-approval in hand, you’re protected if rates rise; if they go down, you’ll likely get an even lower rate. A preapproval can be a win-win situation for shoppers, since it means you don’t have to wait to get financing approval on a home when you put in an offer. This is an especially good tool to have when markets are hot. Removing the “conditional on financing” clause could mean your offer is accepted first since you already have your financing in place. So when will rates rise? It’s anyone’s guess, but most experts agree it’s unlikely there will be any significant movement until late 2014 at least. However, we can’t assume that will be the case, and you shouldn’t wait too long to get pre-approved for a mortgage. It can take a few days. Many lenders offer online preapprovals to make the process faster and easier. Start the spring season off right by taking advantage while you still can.
SUSAN LEGGE
VICE-PRESIDENT, WALL2WALL MEDIA
Jacqueline Hill
DIRECTOR OF SALES, NATIONAL
Josh Heppner
ASSOCIATE PUBLISHER
Susan Maxwell EDITOR-IN-CHIEF / DIRECTOR OF CONTENT
Susan Legge ART DIRECTOR
Daiana Garay EDITOR
Wayne Karl CONTRIBUTING EDITORS
Sara Duck Elisa Krovblit Lydia McNutt
DISTRIBUTION & SALES CO-ORDINATOR
Jennifer Bistron
ADMINISTRATIVE ASSISTANT
Antoinette Jackson MANAGER OF PRODUCTION
Bala Gnanapandithan CO-ORDINATOR
Hannah Yarkony GRAPHIC DESIGNER
EDITOR-IN-CHIEF Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook. Search: New Home Guide
Getting a jump on spring By calendar if not by temperature, this time of year signals change and opportunity
T
he cover date of this issue is March 29 – a few weeks into Daylight Savings Time and a week or so after the official start of spring – and Mother Nature has yet to give us much of a sign of warmer things to come. Indeed, spring is always busy season in the housing market, and this year, despite some recent “cooling” in some areas and housing types, should be no different. Fairer weather and still-favourable mortgage rates should point to the sales pace continuing in the coming weeks and months. Need proof? Take advantage of the nicer weather and get out there and visit some new-home sales centres and model homes. A combination of factors – including land availability and affordability – is restricting supply of single-detached homes, in particular, at the moment. You may be surprised at just how quickly new lowrise developments are snapped up by homebuyers. We’re also betting you’ll be impressed by how new-home builders in SWO and elsewhere are responding to such challenges, by offering more variety of home options. Gone are the days when the main choices were simply lowrise and highrise. Today’s buyers want variety – townhomes, semis, singles, freehold and condominium ownership – and developers are delivering in spades.
WAYNE KARL
EDITOR Wall2Wall Media Wayne.Karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl Like us on Facebook. Search: New Home Guide 10 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
Viosa Barileva CONTRIBUTING WRITERS
Joanne Keenan Jeffrey Reed
Published By
#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867
newhomeandcondoguide.com
Call Susan Maxwell at 416.580.1654 FAX: 416.784.9554 Toll Free: 1.877.269.8257, follow prompts, ext. 4260; e-mail: susan.maxwell@wall2wallmedia.com Office hours are Mon-Thurs. 9-5; Fri. 9-12
ADVERTISING:
Free distribution. Published bi-weekly from Sept.-Nov. & from Feb.-June and monthly in June, July & Dec.
CIRCULATION:
TERMS: Advertisers, Editorials and New Home & Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL: Submissions from interested parties will be considered. Please submit to the address above, to the attention of the Editor.
All rights reserved by New Home & Condo Guide, Toronto, Ontario. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication. Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.
COPYRIGHT 2014:
Please recycle this magazine! Wall2Wall Media participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.
GRAND OPENING
SATURDAY MARCH 29th - 12 NOON SHARP!
URBAN TOWNS. NATURAL SETTING.
TOWNHOMES FROM THE LOW $200’S Let The Charm Of Beamsville Seduce You. For those who delight in the intoxicating blend of modern design and old world charm, Homes by DeSantis presents the Fiera Collection, the newest collection of urban townhomes at Lincoln Square. Surrounded by lush vineyards, ambling walking trails and convenient retail along picturesque streets, these meticulously crafted homes are just minutes from the QEW and the GTA.
Who says you can’t have it all?
ASK ABOUT OUR NO DOWN PAYMENT NO PROBLEM PROGRAM!* LAKE ONTARIO
BU R
LIN
GT ON
BEAMSVILLE
W PK LL HI D RE
BEAMSVILLE SALES CENTRE
SERENA DR. KI NG ST .
From Niagara
ONTARIO ST.
BARTON ST.
GRIMSBY
ONTARIO ST.
STONEY CREEK
From GTA
FIFTY RD.
N
EXIT
64 QEW CENTENNIAL PKWY.
Y.
SK YW AY HAMILTON
MAY ST.
DOWNTOWN BEAMSVILLE
IMPORTANT: Take Ontario St. (Hwy #18)/Beamsville Exit #64 (From GTA Do Not Take Ontario St./Grimsby exit)
Sales Centre Hours & Location: Intersection of Ontario & May Street, (Serena Drive), Beamsville Hours: Monday - Thursday 1pm - 6pm Saturday & Sunday 12pm - 5pm Fridays by appointment only 289.566.8889 visit HomesByDeSantis.com
* 100% financing option available on approved credit. Please see sales agent for details. Prices subject to change without notice. Illustration is artist’s concept. E. & O.E. 11
Live the Life ™
Now Open in Waterdown
Feature-Filled Luxurious Towns Discover The Region’s Best Value!
2 & 3-Storey Town Collection
403
407
Brant St.
Dundas St. E.
Waterdown Rd.
towns
Site
Hamilton St. N.
Feature-filled & Fashionably priced from the
6
Bohemian
215 Dundas St. E. Waterdown
follow us
*
N
$300’s
Same Quality and Better Prices Than You’d Find in Burlington Call Doreen Coughlin at 1-877-567-5005 to book an appointment
branthaven.com
Prices, sizes and specifications are subject to change without notice. Renderings are artist’s concept. E.&O.E. Prices, sizes and specifications are subject to change without notice. Renderings are artist’s concept. E.&O.E.
We’re excited!
Register Now Online Get in now on Branthaven Early Registrant VIP Advantages Milton
Oakville
Lake Ontario
Exciting New Branthaven Communities Coming Soon Waterdown
Branthaven Homes Early Registrant VIP Advantages:
Aldershot Grimsby Waterfront Binbrook Stoney Creek
Register Now and have VIP Access to new home communities in these exceptional locations
Register Here
Early Floorplan Preview Early Lot Selections Early Bonus Incentives Early Preview Pricing Early Purchase Opportunities 1-855-811-7770
follow us
branthaven.com Prices, sizes and specifications are subject to change without notice. Renderings are artist’s concept. E.&O.E.
//cover story
Laroque ElevC On The Ridge
Outstanding value and choice with
Rosehaven homes Location Chippawa, Thorold, Stoney Creek Housing type Chippawa, 50-ft. detached bungalows, two-storey homes and freehold bungalow-with-loft townhomes; Thorold, move-in ready freehold towns, semis, attached singles and 36-ft. detached homes, and detached homes on 36-, 40- and 45-ft. lots; Stoney Creek, semis as well as detached homes on 35- and 40-ft. lots contact 1.888/416.410.0175 rosehavenhomes.com
14 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
y
ou won’t find better value or a better new home choice than Rosehaven’s communities in Niagara Falls and Thorold. Thoughtful, contemporary architecture and the latest finishing trends set these homes apart from any other. Located within established neighbourhoods that offer all of the amenities families need and desire, the Rosehaven Homes’ communities of Lyon’s Creek and Gibson Heights are distinguished by exceptional choices. Lyon’s Creek in historic Chippawa is near everything you love about the Niagara lifestyle. Whether it’s the wineries, the night life, hiking, biking, golf or shopping, your luxury new home from Rosehaven Homes offers the ultimate in design, finishes and location. Rosehaven is currently offering a brand new release of 50-ft. detached bungalows and two-storey homes up to 3,244 sq. ft. There are also spacious 35-ft. wide freehold bungalow-with-loft townhomes that feature up to 2,728 sq. ft. of glorious open concept living space including a spacious main floor master suite with secondary bedrooms upstairs. This established community is one where families live, play and truly enjoy the Niagara lifestyle. There are seven decorated model homes to view. Prices starting from the $320’s. Gibson Heights in Thorold is an established community located in the heart of the Niagara region where you are surrounded by quaint shops and modern amenities just minutes from St. Catharines and Niagara Falls. There are move-in ready homes
ROSEHAVEN HOMES | Multi-site
Lyons Creek Model Row
Gibson Heights Model Row
Whether it’s the wineries, the night life, hiking, biking, golf or shopping, your luxury new home from Rosehaven Homes offers the ultimate in design, finishes and location. on freehold towns, semis, attached singles and 36-ft. detached. Also available are a selection of detached homes on your choice of 36-, 40- and 45-ft. lots. Gibson Heights offers families the opportunity to take full advantage of the Niagara lifestyle, in a trendsetting home with all the features and finishes one would expect. Prices starting from the $250’s Rosehaven’s Stoney Creek site, On The Ridge, will be opening Saturday, April 5 at 1 p.m. with beautiful detached homes on 35- and 40-ft. lots, and spacious semis with large backyards, up to 130-ft. deep, designed with families in mind.
Prices starting from the mid $300’s. Since 1992, Rosehaven Homes has been at the forefront of the building industry. Today, the company’s portfolio has grown to include more than 4,500 homes across southern Ontario and the GTA. Unparalleled dedication to customer service and satisfaction has marked Rosehaven Homes from its very beginning so that each time you step through the doors of your Rosehaven home, you’ll say “I am happy, I am comfortable… I am home.” For maps, directions and hours to any one of these communities, call the Hotline at 1.888/416.410.0175 or visit rosehavenhomes.com MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 15
Dear Mortgage, I’m taking time off to make memories.
Take time off from your mortgage payments. A flexible mortgage from TD lets you focus on what’s really important to you. Just add a little extra to your regular payments and you could have the option to take a payment vacation for up to four months1. It’s just one of TD’s flexible mortgage features.
Visit a branch or tdcanadatrust.com/paymentvacation
1
Conditions apply. See us for details. ® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.
16 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
mattamyhomes.com
New Urban Style Is Coming Soon To A Family Community In Waterdown.
Chef’s Kitchen/Family Room.
Elev. ‘A’
2-Storey Townhome, The Columbine, Elev. ‘A’, 1,402 Sq.Ft.
36' Home, The Wintergreen, Elev. ‘B’, 2,339 Sq.Ft.
We will soon be opening a special new family friendly neighbourhood in the thriving town of Waterdown. This very inviting community will offer a wide selection of Townhomes and Detached Home designs. This stylish neighbourhood will have parks and playgrounds, walking/biking trails and plenty more recreation at your fingertips. Waterdown is a town with lots of charm and a bustling downtown, close to major routes into Toronto.
View all the floor plans and exterior styles and Register Today To Find Your New Home In Cranberry Hill At mattamyhomes.com
Follow us: All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.
17
//community focus
New family memories will soon be made in WaterdoWn
W
aterdown has always been a town that thrives on its surroundings. It has a unique position as an historic town that enjoys a relationship with the large urban centres of Hamilton and Toronto while maintaining a small town profile. And soon, Mattamy Homes will bring a new master-planned family neighbourhood to the pleasant living experience of Waterdown. Cranberry Hill will soon be part of the historic King’s Highway that is more easily identified as Dundas Street. This is a road that was the major connection between Toronto and the cities and towns of Southwestern Ontario. Back then, Waterdown was a stagecoach stop. Today, it is a family town with a thriving main street core of boutique shops, fine restaurants and evening entertainment stops. It is also easily reachable by the major routes of Hwys. 403, 6 and 401, the QEW and the Aldershot GO Station into 18 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
Hamilton and Toronto, so it has the wonderful ability to provide residents with all of the lively benefits of city life without having to live in the city. Mattamy Homes is well known for its ability to plan communities focused on the needs of residents. They take what their more than 35 years of experience has taught them and continue to refine their homes and neighbourhoods, so they offer the very best in today’s expectations for new homes and communities. Everything is designed to make sure families enjoy every single day. Cranberry Hill will offer affordable, stylish, contemporary family living in a perfect location. There will be a variety of 30- and 36- detached homes and smartly designed, distinctive townhomes. Fresh urban home styles are the order of the day. The homes radiate with natural light because of oversized windows, which also allow for splendid views of the streetscapes and variety of homes. Front porches compel neighbourly conversations, and recessed garages make sure your home shows its best side to the street. Gently curved streets will help keep traffic in a calm state and create a more intimate neighbourhood.
MATTAMY HOMES | Cranberry Hill
Location Waterdown Housing type 30- and 36-ft. detached homes and townhomes contact mattamyhomes.com
Cranberry Hill represents one of those rare opportunities where you won’t have to choose price over location or style. You can have it all in this Waterdown neighbourhood. Community features are built around family life and they will make Cranberry Hill perfect for families just starting out or families looking for a way to stay in touch with city life while enjoying life outside the city. There will be parks, playgrounds, walking/biking trails and easy access to schools, shopping and recreational facilities. A brand new YMCA is just a short walk, quick jog or fast bike ride away. No matter what activities you enjoy, from skiing to spelunking, you’ll find it close to your home in Cranberry Hill. Nearby is one of the province’s finest sightseeing attractions, Great Falls. You are also near the local portion of the famous Bruce Trail where the biking, hiking and cross-country skiing are second to none. Spring is a perfect time to search for a new home, and if you’d like to get a solid idea of what life will be like in Cranberry Hill prior to the opening of the community, Mattamy encourages you to take a drive through its award-winning community of Hawthorne Village in nearby Milton at the escarpment. There are more than 10,000 families enjoying the master-planned benefits of the various neighbourhoods, and you will get a first-hand idea of how the streets of Cranberry Hill will look. Or just down the road at Mattamy’s signature community of The Preserve in Oakville, you will find four model homes that will take your breath away. Cranberry Hill will provide your family with the best in contemporary home styles with an urban flair in a town that is well situated to provide everything you need as soon as you need it. To register for Cranberry Hill visit mattamyhomes.com 19
Chinese Home & Condo Guide C
hinese home and condo buyers
網上 參閱
各式電子工具都可瀏覧
and investors now have a new
ChineseHomeGuide.com
2 - Apr 19, 2014 Volume 3 Issue 三月八日至四月十九日 / Mar 8
comprehensive, full gloss real estate magazine to inform and guide them through the buying process in the Greater Toronto Area. Launched in 2012, the Chinese New Home and Condo shopper and investor will have a valuable new resource to help inform and guide them through the newest communities in the Greater Toronto Area. Pick Up Your Copy Today or call us for a free copy at 416.626.4889!
居風水吉祥物 2014年房地產預測 • 常用家 邁亞密色彩溫馨室內設計 • 2/25/14 12:49:22 PM dd 1
GTA Chinse Front Cover 03-08-14.in
20
HaltON HIllS WEllINGtON WatERlOO
New Home watch builders: If you would like to include your new model home or site opening,email wayne.karl@wall2wallmedia.com. Please say you saw it in New Home & Condo Guide!
preview registration macpherson builders Fergus | Summerlea
Coming soon – single-family homes from the $280’s. Register today.
mysummerlea.com
macpherson builders Seaforth | Bridges of Seaforth
Country living at its finest at one of Ontario’s premier adult lifestyle communities.
bridgesofseaforth.ca
new openings mattamy homes Kitchener | Wildflowers
alMaa ayR CaMbRIdGE ElORa FERGuS GEORGEtOWN GuElPH KItCHENER ROCKWOOd WatERlOO
new releases menkes Georgetown | The Enclaves of Upper Canada
New release of semi-links in this family community backing on to a ravine mature trees.
menkes.com
reid’s heritage homes Kitchener | The Oaks
Grand opening of new 56-suite condominium. Offering a great selection of floorplans that suit a variety of budgets and lifestyles in an established community.
reidsheritagehomes.com
reid’s heritage homes Guelph | Westminster Woods
Coming soon – Mattamy’s first master-planned community in Kitchener, with affordable townhomes and detached homes.
New building release at Kingsbury Square, as a result of the first Kingsbury building selling out quickly. New standard features and finishes. located in desirable South Guelph.
gemini homes Guelph | Morning Crest
reid’s heritage homes Fergus | Westminster Highlands
mattamyhomes.com
Energy Star model home is now open. Visit at Watson Road and Couling Crescent for details on available single and semi-detached homes.
geminihomes.ca
reidsheritagehomes.com
two-storey townhomes just released, midrise coming soon. Master-planned community in Fergus. Choose from a variety of single-detached homes, and bungalow and executive townhomes – close to amenities and trails.
reidsheritagehomes.com
fusion homes Guelph | Blueberry Hill
brand new semi-detached and 30-ft. detached lots.
fusionhomes.com
fusion homes Guelph | Privada
Final release now underway for this collection of bungalow townhomes.
fusionhomes.com
MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 21
22
New Hamburg
Plattsville
Stratford
Baden
Owen Sound
Breslau
Collingwood
MILTON, GEORGETOWN, ROCKWOOD, GUELPH, FERGUS, ELORA, ALMA, CAMBRIDGE, KITCHENER, WATERLOO, AYR
Halton Hills / Wellington / Waterloo:
Acton
Scarborough
Ajax
Kleinburg
De t. Se m Bu i ng a To low w Co nho nd m Ad o e ul tL ife sty le
BUILDERS
SITES
PRICES
Ajax
MONARCH
Tranquility
•
from high $500's 44&45
Baden
EASTFOREST HOMES
Baden Country Estates
•
27
Cambridge
EASTFOREST HOMES
Carriage Lanes
Cambridge
EASTFOREST HOMES
Highland Ridge
•
Cambridge
MATTAMY HOMES
Wildflowers
•
Cambridge
REID'S HERITAGE HOMES
Aspen Heights
Collingwood
REID'S HERITAGE HOMES
Georgian Meadows
Collingwood
REID'S HERITAGE HOMES
Silver Glen Preserve
Fergus
REID'S HERITAGE HOMES
Westminster Highlands
Georgetown
MENKES
The Enclaves of Upper Canada
Guelph
REID'S HERITAGE HOMES
Village by the Arboretum
•
BC
Guelph
REID'S HERITAGE HOMES
Westminster Woods
•
BC
Kincardine
REID'S HERITAGE HOMES
The Highlands at Hunter Ridge
•
•
BC
Kincardine
REID'S HERITAGE HOMES
Inverlyn Lake Estates
•
•
BC
Kitchener
BRANTHAVEN HOMES
Joy
Kitchener
BRANTHAVEN HOMES
Nestings
•
Kitchener
EASTFOREST HOMES
Doon South
•
Kitchener
EASTFOREST HOMES
Eby Estates
Kitchener
EASTFOREST HOMES
Grasslands of Stauffer Woods
Kitchener
EASTFOREST HOMES
Huron Landing
Kitchener
EASTFOREST HOMES
Huron Point
Kitchener
EASTFOREST HOMES
Huron Village
Kitchener
LOSANI HOMES
Doon Creek
Kitchener
LOSANI HOMES
Victoria Common
Kitchener
MONARCH
Topper Woods
•
Kitchener
WILLIAMSBURG HOMES/ REID'S HERITAGE HOMES
Eby Estates
•
Kitchener
REID'S HERITAGE HOMES
The Oaks
Kleinburg
MONARCH
Kleinburg Crown Estates
Meaford
REID'S HERITAGE HOMES
Gates of Kent
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27 27
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from $298,990
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BC
•
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BC
•
•
•
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BC from $260's
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6
from low $400's
28&BC 51
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from $270,200
13
•
from $400's
12 27
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27
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27
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27
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27
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27
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from $287,900
85
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from $259,900
85
•
•
from $345,400
44&45 from $345,400 •
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25&BC BC
from high $700's 44&45 •
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BC
New Hamburg EASTFOREST HOMES
Riverside at New Hamburg
•
Owen Sound
REID'S HERITAGE HOMES
The Residences of Cobble Beach
•
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Port Elgin
REID'S HERITAGE HOMES
Summerside
•
•
Puslinch
REID'S HERITAGE HOMES
Heritage Lake Estates
•
Scarborough
MONARCH
Evergreen
Thornbury
REID'S HERITAGE HOMES
Lora Bay
•
•
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BC
Waterloo
EASTFOREST HOMES
Woodway Trails
•
•
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27 BC •
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BC BC
•
from high $400's 44&45
MILTON, GEORGETOWN, ROCKWOOD, GUELPH, FERGUS, ELORA, ALMA, CAMBRIDGE, KITCHENER, WATERLOO, AYR
•
Halton Hills / Wellington / Waterloo:
LOCATION
23
//in the news
Reid’s Heritage Homes
awarded 2013 Builder of the Year Reid’s Heritage Homes was recently honoured as 2013 Builder of the Year by the Guelph and District Home Builders’ Association (GDHBA) at the association’s annual President’s Ball and Awards of Distinction.
Reid’s Heritage Homes’ communities are located across Southwestern Ontario, from Guelph, Cambridge and Waterloo Region to Kincardine, Port Elgin, Thornbury and the Georgian Bay area.
› 2013 Ontario Home Builder of the Year by the OHBA. › 2014 list of the 50 Best Small and Medium Employers in Canada. › 2013 City of Guelph Water Conservation and Efficiency Award, acknowledging the company’s continued leadership in the city’s Blue Built Home program, and › Two 2013 Silver National Sales and Marketing Awards from the National Association of Home Builders.
Dianne Herren, director of sales at Reid’s Heritage Homes, accepts the award for Most Outstanding Single-Detached Design Over 2,500 sq. ft. from Rick Tessaro of RBC.
The award was presented to Reid’s Heritage Homes for reasons including keeping on the forefront of the home building industry, and the company’s recognition as 2013 Ontario Home Builder of the Year by the Ontario Home Builders’ Association (OHBA). Reid’s Heritage Homes also received the GBHBA Award for the Most Outstanding Single Detached Design over 2,500 sq. ft. for the Cloverdale model home, located in its brand new community in Fergus, Westminster Highlands. “We are honoured to be receiving this recognition from our industry peers,” says Blake Seeberger, senior vice-president of residential at Reid’s Heritage Homes. “It confirms that our commitment to top quality, satisfied customers, environmental responsibility, superior service and exceptional, forwardthinking design translates into quality and value for our customers, and inspires our team to continue creating vibrant neighbourhoods across Ontario every day.” This is the latest in an impressive collection of awards garnered by Reid’s Heritage Homes over the past year:
In addition, the Reid’s Heritage Group of Companies received the Mayor’s Award for Excellence in Workforce Training & Development, presented by the City of Cambridge to the company that exhibits a continuous learning environment and proven excellence in workforce training and development. For more than three decades, Reid’s Heritage Homes has designed and built homes ranging from single-detached homes through midrise condos; two-storey, executive and bungalow townhomes; custom estates; and active adult communities. The Reid’s Heritage Team will also be engaged over the next five years as one of five home builders selected to participate in a National Net Zero Home building science project with National Resources Canada and Owens Corning. 24 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
Blake Seeberger, vice-president of residential at Reid’s Heritage Homes, accepts the Builder of the Year award from Brenda Trineer of Rogers.
NOW OPEN! 2 NEW MODEL HOMES
A HERITAGE COMMUNITY COMPLETE WITH MODERN AMENITIES Eby Estates, an exceptional ENERGY STAR® community, offers delightful singledetached designs that combine architecturally distinct heritage houses with energy efficient products to produce pristine, environmentally friendly homes. A unique neighbourhood in which the developer has fostered an old-style setting via deeper than average lots, a gracious entryway, heritage-style streetlamps and homes which reflect a by-gone era. Across the board, the designs at Eby Estates are truly spectacular with inspired architecture, unique stone and brick accents and the ambiance of distinct old world craftsmanship. Choose from 30’, 36’ and 40’ Lots.
KITCHENER Conestoga Parkway
Homer Watson
276 Gravel Ridge Trail
Isaiah St.
2012
Gravel Ridge Trail MODEL HOME & PRESENTATON CENTRE
Fischer-Hallman
7/8
Exit #278
Bleams Rd.
®
Energy Star Qualified Homes
From $345,400*
LEARN MORE AT: williamsburghomes.ca or 519.208.5834 ®
HWY #8
401
LONDON
TORONTO
MODEL HOMES HOURS: Mon. - Wed. 2 - 7pm | Sat. - Sun. Noon - 5pm
*Prices and specifications subject to change. See sales representatives for more details. | ENERGY STAR is administered and promoted in Canada by Natural Resources Canada. Used with permission. March 2014.
//in the news
Canadian iCon
Jon MontgoMery to speak at WRHBA’s premier networking event
w
aterloo Region Home Builders’ Association (WRHBA) is set to host its 23rd Annual Industry Luncheon, featuring Jon Montgomery – Olympic gold medalist and host of The Amazing Race Canada, on Friday, April 11, 2014. WRHBA’s Industry Luncheon is the Association’s premier networking event. Last year, more than 770 community and business leaders stemming from all sectors of the residential development and construction industry attended the event and stakeholders expect no less this year! A Canadian icon known by millions since his Olympic skeleton gold medal win in 2010 and his subsequent walk through Whistler Village, hoisting a pitcher of beer, Montgomery’s infectious smile and warm personality, coupled with his passion and spirit, landed him the role as host of The Amazing Race Canada. Not just another motivational speaker, Montgomery delves into how, through self-efficacy, he harnessed his passion and lived outside of his comfort zone in trying new things and embracing challenges to achieve Olympic gold. After all, how else does one prepare to jump on a sled, face down and head first, mere inches from solid ice, reaching speeds upwards of 130 km/h? Tickets are limited and must be purchased in advance. For more information, contact Julie Burdett at the WRHBA at 519.884.7590 or julie-burdett@wrhba.com
26 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
2010 Duality Photographic
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eastforest homes
new
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new
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new
promotions
eastforesthomes.com Prices correct at press time. Pictures are for illustration purposes only. Promotions available on new construction only, is not applicable with any other promotion unless stated and may be cancelled or discontinued at any time. See Sales Representative for details. Broker protected. E. & O. E. March 2014
27
LIVE IN FERGUS OWN FROM
1,149
$
*
PER MONTH
THIS SPRING
INCLUDES MONTHLY CONDO FEES.
NOW AVAILABLE :
A LIMITED COLLECTION OF 3 BEDROOM TOWNHOMES FROM $260’S
MOVE IN THIS SPRING! · SHORT WALK TO ALL AMENITIES · IMPRESSIVE MASTER ENSUITES
MODEL HOME
15 min. to Guelph
d Blv en ue
Under 60 min. to Mississauga and Brampton
McQ
Aberdeen
· HIGH-END FEATURES AND FINISHES 20 min. to Orangeville
lb Ave. Mil u r n
MODEL HOME HOURS: Mon., Thurs., Fri. 1 - 7pm Sat. - Sun. 12 - 5pm wh@heritagehomes.com 519.787.1847
LIM TIME ITED OFFER
NO CO FEES FNDO ONE Y OR EAR! *
Fergus
ALSO AVAILABLE • Single Detached Homes • Bungalow and Executive Townhomes • Two-Storey Townhomes The ENERGY STAR® mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. Renderings are artist’s concept of the completed buildings and are subject to change. *Prices subject to change. E. & O. E. Based on $264,900 with 25% down, 3.59% 25 year mortgage and paid monthly. Includes condominium fees.
reidsheritagehomes.com
hAmilton hAlton niAgArA
New Home watch builders: if you would like to include your new model home or site opening, email wayne.karl@wall2wallmedia.com. Please say you saw it in new home & condo guide!
preview registration lakeview homes Niagara-on-the-Lake | Cannery Park
coming soon – 38-ft. singles in this community among tree-lined streets, shopping, vineyards and wineries.
cannerypark.ca
mattamy homes Waterdown | Cranberry Hill
coming soon – family community of townhomes and detached homes.
mattamyhomes.com
tobyn park homes Stoney Creek | Stoneywood Park
rosehaven homes Mount Albert | Victoria Highlands
second phase now open – new bungalow collection on 50-ft. lots.
stoneywoodpark.com
coming soon – 50-ft. detached singles.
rosehaveninmountalbert.com
new horizon homes Bronte | Harvest
newhorizonhomes.ca
spallacci homes Hamilton | Eden Park
coming in April – towns, semis and singles from the mid $200’s at mud st. and upper centennial Pkwy in stoney creek.
liveontheridge.ca
kingwood homes Brantford | Riverwalk
coming spring 2014 – master-planned community of luxury 40-ft. singles beside the grand river.
kingwoodhomes.ca
homes by desantis Beamsville | Fiera
spallacci homes Hamilton | Eden Park
grand opening of chateau-inspired semis collection.
new horizon homes Oakville | Mint Condos
rosehaven homes & homes by desantis Stoney Creek | On the Ridge
milton niAgArA oAkville PAris Port dover st. cAthArines stoney creek vinelAnd
coming spring 2014 – detached homes and townhomes, on-site greenspace, easy access to highways, conservation area and other amenities.
coming soon – register now for these luxury freehold townhomes backing onto Bronte Provincial Park.
tradition meets urban living at Bronte and dundas in these affordable luxury condos.
AncAster BeAmsville BinBrook BrAnt BrAntford Burlington cAthArines grimsBy hAmilton
newhorizonhomes.ca
coming soon – simona Place the towns of eden Park exquisite collection of executive townhomes.
spallaccihomes.com
spallacci homes Hamilton | 101 Locke Condos
register now – Boutique condo living is coming to hamilton’s hip locke street.
spallaccihomes.com
molinaro group Burlington | Paradigm
the new Burlington opens soon – a new standard of condo living from the $200’s.
paradigmcondos.ca
spallaccihomes.com
mountainview homes Fonthill | The Residences at Lookout mountainview.com
bucci homes Grimsby | Bliss
two-storey freehold executive towns located near 50 Point conservation Area, priced from the mid $260’s.
buccihomes.com
augustine group Stoney Creek | Treviso
select suites still available at this condominium in downtown stoney creek – including corner units and penthouses.
trevisostoneycreek.ca
new releases rosehaven homes Chippawa | Lyon’s Creek
coming soon – model homes plus new release of 50-ft. detached lots.
rosehavenhomes.com
emery condominiums Burlington | Appleby Club
Phase ii now open – country club condominiums at Appleby and dundas.
new openings
applebyclub.com
homesbydesantis.com
adi development group Burlington | LINK Condos + Towns
dawn victoria homes Ancaster | Evergreens on Southcote
dicenzo homes Stoney Creek | Blue Shores
adidevelopments.com
dawnvictoriahomes.com
blueshores.info
kingwood homes Paris | Village on the Grand
coming soon to Beamsville – a stunning new collection of urban townhomes, priced from the low $200’s.
Waterside semis and singles from the mid $300’s.
forest park homes Fonthill | The Village Landing
Pre-register for fonthill’s newest community – single-family homes and village homes.
grand opening – design-forward condos and towns in Burlington from the $200’s.
final release of single-detached homes from the mid $400’s.
now open – luxury riverfront towns backing onto the grand river in historic downtown Paris, from the $230’s.
villageonthegrand.ca
thevillagelanding.com
MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 29
30
Paris
Port Dover
Binbrook
Grimsby
Georgetown
Caledon
Smithville
Welland
Fonthill
Thorold
OAKVILLE, BURLINGTON, HAMILTON, ANCASTER, PARIS, BRANTFORD, STONEY CREEK, VINELAND, LINCOLN, THOROLD, FONTHILL, NIAGARA, NIAGARA-ON-THE-LAKE, FORT ERIE
Halton / Hamilton / Wentworth / Niagara:
Ridgeway
Stevensville
Chippawa
Fort Erie
Ancaster Ancaster Ancaster Beamsville Binbrook Binbrook Beamsville Brantford Brantford Brantford Burlington Burlington Caledon Fonthill Fort Erie Grimsby Grimsby Grimsby Grimsby Hamilton Hamilton Hamilton Hamilton Niagara Niagara, Fonthill Niagara Niagara Niagara Niagara Niagara Falls Niagara on the Lake Niagara on the Lake Niagara on the Lake Oakville Oakville Paris Paris Scarborough Simcoe Smithville Smithville St. Catharines St. Catharines Stoney Creek Stoney Creek Stoney Creek Thorold Thorold Thorold Waterdown Waterdown Waterdown Welland
DAWN VICTORIA LOSANI HOMES SCHUIT HOMES HOMES BY DESANTIS LOSANI HOMES LOSANI HOMES MOUNTAINVIEW HOMES EASTFOREST HOMES EMPIRE COMMUNITIES KINGWOOD HOMES ADI DEVELOPMENT GROUP TOBYN PARK HOMES MONARCH MOUNTAINVIEW HOMES MOUNTAINVIEW HOMES BUCCI HOMES BRANTHAVEN HOMES LOSANI HOMES PHELPS HOMES EMPIRE COMMUNITIES LOSANI HOMES LOSANI HOMES SPALLACCI HOMES EMPIRE COMMUNITIES FOREST PARK HOMES GREAT GULF MOUNTAINVIEW HOMES MOUNTAINVIEW HOMES PHELPS HOMES ROSEHAVEN BW HOMES LAKEVIEW SOLMAR DEVELOPMENT CORP MENKES NEW HORIZON EASTFOREST HOMES KINGWOOD HOMES MONARCH EASTFOREST HOMES PHELPS HOMES PHELPS HOMES BW HOMES MOUNTAINVIEW HOMES EMPIRE COMMUNITIES HOMES BY DESANTIS ROSEHAVEN GREAT GULF MOUNTAINVIEW HOMES ROSEHAVEN HOMES BRANTHAVEN HOMES COUNTRY GREEN HOMES MATTAMY HOMES MOUNTAINVIEW HOMES
Evergreens Ancaster Glen Perth Park Fiera Collection Fairgrounds Parkside Hillside Estates D'Aubigny Forest Estates Wyndfield Riverwalk West LINK ParkCity The Village of SouthFields The Residences at Lookout Beaver Creek Estates Bliss Wave Sunflower The Bedford Collection Summerlea Greenhill Glen Sherman Oaks Eden Park Imagine The Village Landing Edgewood Fernwood Thundering Waters Streamside on the Twenty Lyon's Creek Niagara on the Green Cannery Park Cannery Park Millstone Mint Condominiums Grandville Village on the Grand Evergreen Woodway Trails Brookside on the Twenty Harvest Heights Victoria Village Generations Victory On The Ridge On The Ridge Rolling Meadows West Community Gibson Heights Bohemian Towns The Uptowns of Waterdown Cranberry Hill Harvest Estates
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from low $200's
from $224,990 from low $300's from low $400's from $188,900 from high $300's
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35 85 48 11 85 85 9 27 2&3 40 55 59 44&45 9 9 41 13 85 32 2&3 85 85 49 2&3 43 79 9 9 32 34 5 57 57 50 39 27 40 44&45 27 32 32 4 9 2&3 33&34 33&34 79 9 34 13 7 17 9
from mid $260's from $177,990 from $501,900 from low $400's from $291,990 from $439,900 from $309,900 from the $300's from $209,990 from mid $200's from $310,990
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from mid $400's from $374,900
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PAGE
from $259,900
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PRICES
from mid $300's from low $320's from mid $200's from $290's from $290's from $339,990 from $239,990
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from $224,990 from upper $400's
•
from $258,900 from mid $200's from low $300's
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from $289,990
from $299,990 •
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from the $250's from the $300's from mid $200's
OAKVILLE, BURLINGTON, HAMILTON, ANCASTER, PARIS, BRANTFORD, STONEY CREEK, VINELAND, LINCOLN, THOROLD, FONTHILL, NIAGARA, NIAGARA-ON-THE-LAKE, FORT ERIE
SITES
Halton / Hamilton / Wentworth / Niagara:
BUILDERS
De t Se . m Bu i n To galo w w Co nho n m Ad do e ul tL ife sty le
LOCATION
31
THE PERFECT HOME STARTS WITH THE PERFECT HOMETOWN.
FROM FIRST TIME BUYERS TO EMPTY NESTERS, now every new home buyer can own a Phelps quality home in Smithville! Drop in and discover Harvest Heights, Brookside and Streamside, our three successful communities in Niagara’s favourite hometown, each one backing on beautiful Twenty Mile Creek. Choose from a wide selection of homes with designs for every family. Every budget too! Live the good life in a Phelps Home that’s perfect for you and the whole family. p
HURRY IN FOR UNBEATABLE VALUE ON LARGE 50’ LOTS Detached homes from the mid $300’s Semi-detached homes from the high $200’s
VISIT US AT OUR OTHER COMMUNITIES IN SMITHVILLE NIAGARA’S PREMIER ADULT LIFESTYLE COMMUNITY ON 50’ WIDE LOTS
SPACIOUS EXECUTIVE HOMES ON 50’ WIDE LOTS
Townhome bungalows from the mid $200’s Detached bungalows from the mid $300’s 905.957.1777
Bungalows from the mid $300’s Two-storeys from the low $400’s 905.945.6978
905.945.6978 | PhelpsHomes.com Prices, features and specifications are subject to change without notice and are accurate at time of publication. Subject to availability. Please see sales representative for details. E. & O.E.
Grand Opening Saturday, April 5th at 1pm sharp!
Rosehaven Homes
Rosehaven Homes
Homes by DeSantis
Towns, Semis, Singles,
200’s
$
from the mid
On The Ridge is coming to Mud Street and Upper Centennial Parkway on April 5th. It’s the kind of community where neighbours greet each other by name and kids make best friends for life. Where nature is spectacular along the Niagara Escarpment. These homes offer exceptional charm and are as special as the families who will call them home.
LiveOnTheRidge.ca
Join the Conversation
Like us on facebook and follow us on twitter to stay connected with the “On the Ridge” community.
*Prices and specifications correct at press time. Rendering is artist’s concept. E. & O.E. Prices quoted are in $ thousands.
I am happy, I am comfortable,
Current Communities
CHIPPAWA/NIAGARA 50’ Singles & Freehold 35’ WIDE Bungalow Loft Townes from the low $320’s. NEW RELEASE OF 50’ LOTS
THOROLD 45’, 40’, 36’ Singles, Semis & Towns from the $250’s. Quick closings on Select Towns & Attached Singles. 8 MODELS OPEN
Coming Soon
STONEY CREEK Spacious 40’ & 35’ Singles and Semis up to 3,300 sq. ft. from the mid $300’s. GRAND OPENING APRIL 5, 2014 AT 1 PM.
For directions, hours and community information call our hotline (1-888/416) 410-0175
or visit
RosehavenHomes.com
Prices and specifications correct at press time. Prices quoted are in $ thousands. E. & O.E. 34
OUR FINAL RELEASE IN ANCASTER. MOVE IN THIS YEAR.
SINGLE DETACHED HOMES FROM THE MID
403
6
SOUTHCOTE RD
$400s
GARNER RD E
Ancaster | 905-304-6099 Sales Office Hours Mon – Thurs 1pm – 6pm Sat & Sun 12pm – 5pm | Friday by appointment
Maureen Hall, Sales Representative Darlene McCauley, Broker | 905-528-8956
DAWNVICTORIAHOMES.COM 35
//community focus
Your home is their castle
when it comes to Mountainview’s youngest homebuyers
i
t’s not just your home, it’s their castle – where your kids will play, study, sleep and grow. It’s where they’ll come home for safety and security and fun. Mountainview Homes wants to ensure part of your next home will be reserved for them by finishing off part of the basement for them to explore the corners of their imagination and childhood… where forts, hockey arenas, dance studios and puppet theatres come to life and children thrive. NHBA’s 2013 Builder of the year, Mountainview Homes wants to offer a fun and intriguing space for kids by offering a finished basement to all homeowners. That way, while the adults move in, unpack and get settled, the kids will have their own space to set up and explore. Families can look forward to a new home with a finished lower level of 300 sq. ft. and a value of $12,000. Live in the home a while and then finish the rest of the basement with your ideas when more time and money prevail. One of Niagara’s largest home builders, Mountainview is also the home builder that determined what women want (by asking them!) and has created a series of homes – The Goddess Collection – to address those wants, needs and must-haves. Mountainview will unveil its newest model home at Lookout in Fonthill. A model of the Aphrodite will be launched to define her specific spaces as part of the entire family living experience. Other homes in the series, include the Selene, Athena and Isis, designed for 40-, 45- and 50-ft. lots. 36 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
MOUNTAINVIEW HOMES | Multi-site
Location Various sites throughout Niagara Region Housing type Detached singles, bungalows, townhomes contact 905.323.6232 mountainview.com sociaL media facebook.com/mountainviewhomesniagara twitter.com/MountainviewHms
Included in the Aphrodite is her dream master retreat with storage for “skirts and suits” and a luxury ensuite with spa-like features. This four-bedroom plan includes an upper laundry and media room, and Jack and Jill bathroom. The open-concept main floor is expansive with a gathering area adjacent to the eating area and kitchen, complete with pantry and island. She also wanted a formal dining room so it’s been included along with a work/study room at the front entrance. You’ll find the mud room at the entrance to the garage, complete with window seat, recycling niche and stop and drop zone keeping mess to a minimum in one area of the home, just as she likes it. With an amazing choice of new homes and locations throughout the region, along with the finished basement incentive, homebuyers – both parents and kids – can look forward to their own spaces in their Mountainview home. In addition to being Home Builder of the Year, Mountainview Homes won six coveted design awards for its townhome and custom designs as well as outstanding kitchen, and best showroom. With a respected home building legacy, fabulous incentives, and new home communities in St. Catharines, Thorold, Fonthill, Fenwick, Beamsville, Fort Erie, Niagara Falls, Welland and Ridgeway, Mountainview Homes knows your home can easily be their castle.
MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 37
//building blocks
What exactly
is smart growth? » by Jeff Paikin It is no secret that most of today’s new-home buyers are purchasing in the suburbs. While there certainly are
Jeff Paikin
Past President of HHHBA, has been in the building industry for more than 20 years. As President and CEO of New Horizon Development Group (Builders of the inaugural CHBA Green Home of the Year), there isn’t much in the housing world he hasn’t seen. Jeff will provide regular insight and perspective of what’s going on in today’s market and what buyers should be aware of as they prepare to make a purchase. He can be reached at info@newhorizonhomes.ca
benefits that come along with suburban living, there are viable alternatives for those who are attracted to a more diverse and cultured lifestyle. Across the continent, a wide variety of housing is being offered in response to the emerging market demand for those wishing to move back to the city. For decades now, various major metropolitan centres and their municipalities have opted to promote and encourage smart growth and urban intensification initiatives, in hopes of creating places where people want to live, work, and play. Unfortunately, many of today’s prospective buyers are either unaware or sadly misguided as to what smart growth or intensification truly is. Smart growth is defined as the process of creating new high-density developments in already established communities, pushing development upwards, rather than spreading them outwards. This intensification helps communities to focus public spending on the revitalization and improvement of urban areas that have already been developed to ensure that they remain vibrant, safe and attractive places to live. Residents in these communities enjoy a healthy mixture of homes, retail, businesses, recreational opportunities and a variety of transportation choices, ultimately providing an eclectic and engaging lifestyle that can’t be found anywhere else outside of urban areas.
38 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
Quite often these projects are developed on abandoned, idled or underused industrial and commercial properties that still require upkeep and thus end up draining the city of valuable funds that could be used elsewhere. Vacant properties and abandoned buildings are usually neighbourhood eyesores and present their communities with complex challenges. They are often subject to crimes such as vandalism and arson, eventually resulting in reduced property values for the surrounding neighbourhood.
Smart growth is defined as the process of creating new high-density developments in already established communities, pushing development upwards, rather than spreading them outwards. Urban infill developments aim to make responsible and efficient use of these spaces by taking full advantage of the surrounding existing infrastructure, saving the city and taxpayers an incredible amount of resources and costs. Furthermore, these new developments inject much needed vitality and activity into the communities they partner with. Once the new residents move in, they immediately inject vast amounts of property tax revenue. They also spend money in these communities, creating surges in retailing, office development, community activities and events, and sometimes the creation of parks and recreational areas. This is how smart growth works to transform a community’s burdens into assets, which is why it is no surprise that cities today are so eager to push forward these initiatives. It is essential that potential homebuyers take a serious look at urban living as a viable alternative. Today, more than ever, cities and their residents are starting to realize that by valuing our existing resources and reusing them, we promote and support the fundamental notion that growth can occur in a manner that is economically, environmentally and socially smart.
GET MORE IN BRANT COUNTY!
Move In September 2014
PARIS
BRANTFORD
NOW OPEN! NOW OPEN!
REGISTER NOW
ELEGANT TOWNS BACKING ONTO THE GRAND RIVER Grand Opening Saturday April 5 STARTING FROM
MAJESTIC SINGLES STEPS TO THE GRAND RIVER STARTING FROM THE LOW
Kingwood Homes,
$224,990 Site Hours: Mon-Thurs 2-6, Sat-Sun 1-5, Fri by appt.
building beautiful new home communities on the banks of The Grand River, one of Ontario’s most beautiful and natural waterways.
$300s
PA R
IS
RD .
EXIT
24
EXIT ST . WE ST
AV E.
ST .P AU L
CLARENCE ST.
COLBORNE ST. E.
MARKET ST. S. CLARENCE ST. S.
WY
AL PK
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ANS M
RIVER RD.
TO CAMBRIDGE
WILLOW ST. PARIS RD.
DUMFRIES
REST ACRES RD.
COLBORNE ST. W.
VETER
WAYNE GREZTKY PARKWAY
AVE. ERIE
EXIT
Grand River
E. AV
24 TO TORONTO
T AN
40
EXIT
GOVERNORS RD.
BR
TO WOODSTOCK
DUNDAS ST. WEST
1-888-757-7737
kingwoodhomes.ca
TO TORONTO
. RD
IV
DR
AN
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GR
KING EDWARD ST.
SITE
WILLIAM ST
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WILLIAM STREET
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SITE
BIRKETT LANE
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Kathie Pillar, Sales Representative buccihomes@bellnet.ca TF: 1-800-290-0163 Site: 905-945-1656 QEW to Bartlett Street exit, north to Lake Street Monday – Thursday 2-7pm, Friday by appointment, Saturday & Sunday 12-6pm MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 41
//In the news
Left to right, Dave Augustyn, Mayor, Town of Pelham; Gus Morschauser, President of Forest Park Homes; Peter Papp, Councillor; and John Durley, Councillor, Town of Pelham.
Grand opening at Forest Park Homes’ the VIllage landIng In FonthIll Spring has officially sprung, and with the recent grand opening at The Village Landing in Fonthill, Forest Park Homes is set to welcome new-home buyers along with the warmer weather.
Located on Haist Street in the heart of the quiet town of Fonthill, you’ll discover this delightful piece of the Niagara countryside. Enjoy the simplicity of walking the kids to school and the challenge of playing 18 holes on top-ranked golf courses. Lush greenspace and pristine hiking trails cater to both your sense of adventure and your love of solitude. The Village Landing has it all. Residents here are just minutes to St. Catharines and Niagara Falls and all of the region’s most popular points in between, such as The Wine Route, Shaw Festival and casinos. Airports in Buffalo, Hamilton and Toronto are within an hour’s drive. The Village Landing showcases two collections of singles of 1,615 to 3,575 sq. ft. designed for 40- and 50-ft. lots. Discover innovative designs made popular within other communities, such as the three or four-bedroom Beaujolais (re-christened the Kinsale for Fonthill) from Forest Park Homes’ Hilltop Estates in Ayr. It was named 2010’s Best New Home Design and 2013’s Best Single Family Design by the Waterloo Home Builders’ Association. You’ll see why when you view its second-level family room, luxury ensuite, open concept main floor kitchen, dining area and living room, main level laundry, double-car garage and specialty features such as coffered ceilings, fireplaces and covered back terrace. This was also part of Forest Park’s award-winning 2010 Project of the Year. 42 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
The freehold townhomes are equally impressive, with expansive widths of 26 ft. leading to interiors of 1,431 to 1,857 sq. ft., spaciousness seldom seen in townhome design. Available in two-storey, bungalow and bungaloft designs, they offer a gamut of lifestyle options in a town where quality of life is the quintessential feature. In the near future, construction will begin on a row of townhome models to showcase another aspect of Village Landing living. With prices starting at $249,900 for townhomes and $349,900 for singles, Forest Park offers entry level pricing to Fonthill living. For more information, call 289.897.8751 or visit thevillagelanding.com
fonthill. a community with more. more selection. more space. more savings. PANTONE
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//community focus
Spring arriveS at victoria village where recreation and leisure abound
c
elebrate the arrival of spring at Victoria Village, where you’ll discover country in the city at Niagara’s “other” waterfront where opportunities for recreation and leisure await at the doorstep of every home. It’s been a long winter, so with spring fever rampant homebuyers are looking to new home communities where they can spread their wings and enjoy the outdoors and recreational pursuits. That’s what they’ll find at Victoria Village. Located right on the Welland Canal Trail in St. Catharines, it’s an active person’s paradise for blading, walking, running or hiking and, of course, biking – nearby trails are part of the Greater Niagara Cycle Route. It’s off the beaten track, yet there are two golf courses within five minutes, organized recreational programs for kids and adults alike at nearby rec centres and parks, and White Oaks Fitness & Squash Club.
46 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
Location Welland Canals Parkway & Rockwood Ave., St. Catharines Housing type Bungalow, bungalow/loft and two-storey homes from $299,900 saLes centre 52 Fisher Cres., open daily noon to 6 p.m., closed Fridays and holidays contact 1.888.996.9949 victoriavillage@cogeco.net bwhomes.ca
BAYVIEW-WELLINGTON HOMES | Victoria Village Residents are anxiously anticipating the May 14 opening of Canada’s largest open-air mall, the Niagara Outlet Collection Mall. With it being five minutes away, residents are literally around the corner and yet will be spared the hustle and bustle of traffic congestion. It will open its doors to more than 100 retail shops and services, including Bass Pro Shops, fashion giant Forever 21, Banana Republic, Bench Outlet, Brooks Brothers Outlet, Calvin Klein, Gap Outlet, Izod, Michael Kors Outlet, Naturalizer, Osh Kosh, Tommy Hilfiger and Van Heusen, to name just a few. There will also be a farmer’s market. St. Catharines, Niagara Falls and Welland also offer great shopping opportunities within minutes. Presented by Bayview-Wellington Homes, Victoria Village presents fine living within luxury homes along the Welland Canal, one of the most famous waterways in the world. This Maritime-influenced community is where residents will enjoy a spectacular parade of ships from international waters. Not far from its flagship, golf course community of Niagara-On-The-Green, Victoria Village pays
Although Victoria Village is just a two-minute drive from the QEW, the canalside location provides an undeniable sense of country living and yet is never far from every lifestyle need and desire. homage to soldiers awarded the Victoria Cross through its street names. As always, your welcome to Victoria Village is warm and friendly. Staff is pleased to offer a tour of existing homes, with many offering immediate closing dates. One they will encourage you to visit is the Preston 3, a two-storey, four-bedroom home of 2,215 sq. ft. with a two-car garage. Its country kitchen is ideal for this country setting, set within an open-concept main floor that includes a living/ dining area and a family room alongside the kitchen, and a main floor laundry. Upstairs, you enter the solace of the master suite through double doors and discover a huge walk-in closet and an ensuite with Roman soaker tub and separate shower. Two of the three additional bedrooms also have walk-in closets. All homes include central air, gas fireplace and fully sodded lots with paved driveways. BW Homes excels at customization on new construction or modifications to existing homes, so buyers can always achieve a home for their needs. Homebuyers can choose from bungalow, bungalow/loft and two-storey plans so everyone from empty nesters to the growing family will find a fitting design to suit their needs. Bungalow plans offer living areas of 1,160 to 1,250 sq. ft. to as much as 1,750 sq. ft. with the loft option. Two-storey plans are spacious with sizes ranging from 1,521 to 2,530 sq. ft. All these activities and lifestyle opportunities make Victoria Village a wonderful location with a wonderful starting price – $299,900 for a home of 1,521 sq. ft. Although Victoria Village is just a two-minute drive from the QEW, the canalside location provides an undeniable sense of country living and yet is never far from every lifestyle need and desire. MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 47
A RD ROBIN
D EEN R RS GR FIDDLE
403
306 Woodworth Dr
LVD RLY B ST AMBE CALVIN
TORONTO è
Ancaster
H DR WORT WOOD
schuithomes.com
905.628.9559
For your private viewing call
49
50
51
//community focus
Modern freehold towns in oakville – final release from the low $400’s
t
he Millstone on the Park community has just released the final homes, and after hundreds of new homeowners and a warm sense of community, the grand finale is upon us. Esteemed builders Menkes Developments and Fernbrook Homes are pleased to announce the final release at this beloved Oakville community with the release of the Modern Town Collection. Located in the western half of the community and only a short stroll from the park, these sleek townhomes – The Uptown Collection – showcase trendsetting designs that embody Grand French Chateau and English Georgian Manor styles in from 1,196 to 1,491 sq. ft. Priced from the low $400’s, these stylish townhomes provide an ideal price point for people entering the real estate market for the first time. With the Uptown Town Collection, these award-winning builders offer the best of all worlds – an unbeatable location, elegant homes and exceptional value. These back-to-back towns are perfect for your busy lifestyle. Every townhome has its
52 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
own single car garage with a driveway and direct access from the garage to the home. The main floor, actually the second floor from grade, provides a spacious Great Room with optional separate dining room or third bedroom in the larger models, as per plan. Kitchens are well designed to optimize space and several models have breakfast bars. A spacious balcony leads from the Great Room to the homes’ front, creating a charming ambiance and the option to enjoy a cool drink al fresco on a warm evening. A convenient powder room is also located on this level. Upstairs on the third floor, there are two or three spacious bedrooms as per plan and a designer bathroom. Some models feature walk-in closets in the master bedroom. In the largest unit, both bedrooms are provided with ensuite bathrooms. These towns are great for first-time buyers. They provide more space than a condominium suite, yet are priced below the typical entry-level condominium. At Millstone on the Park, the towns provide the opportunity to live in a great neighbourhood with all the
MENKES DEVELOPMENTS & FERNBROOK HOMES | Millstone on the Park
With the Uptown Town Collection, these award-winning builders offer the best of all worlds – an unbeatable location, elegant homes and exceptional value. surrounding amenities, at a cost that is often less than rent! For a limited time, these towns include a Grand Opening bonus of five appliances. Numerous public and Catholic elementary and secondary schools are easily accessible from the community. There’s also easy access to shopping at Bronte Village Mall, Oakville Town Centre and the Abbey Plaza. Bronte Creek Provincial Park is just minutes away, and major golf courses such as Deerfield, Saw Whet and Richview are also nearby. Millstone on the Park also makes it easy to get around, with convenient access to public and GO transit as well as Hwys. 407, 403 and the QEW. Millstone on the Park is ideally located to take advantage of the many conveniences of Oakville and the surrounding area. Millstone on the Park is built by Menkes Developments and Fernbrook Homes – two of the GTA’s most successful and respected builders. Menkes’ most recent family communities include The Enclaves of Upper Canada in
Georgetown, Bloom Park Towns in North York, The Chateaus in the Highlands of Castlemore in Brampton, Walker Farm Estates in Newmarket and Somerset in Ajax, to name a few. Distinctive Fernbrook communities include Fontainbleu in Richmond Hill, The Chateaus in the Highlands of Castlemore and Stonecastle in Brampton, Joshua Creek and Bronte Creek in Oakville and more. Don’t miss the chance to live in a well-designed townhome at Millstone on the Park. Visit the Millstone on the Park presentation centre, located on the south side of Dundas Street West, just west of Postmaster Drive and east of Bronte Road. The sales office is open Monday to Wednesday from noon to 7 p.m.; Thursdays by appointment, and weekends and holidays from noon to 5 p.m.; closed Fridays. For more information, call 905.825.3619 or visit millstonepark.ca
Location Oakville Housing type Freehold townhomes saLes centre South side of Dundas Street West, west of Postmaster Drive and east of Bronte Road, open Monday to Wednesday noon to 7 p.m., Thursdays by appointment, and weekends and holidays from noon to 5 p.m. Closed Fridays. contact 905.825.3619 millstonepark.ca
MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 53
//In the news
ADI set to launch urban inspired towns at LInK In BurLIngton
Building on a standout grand opening that drew raves from purchasers, ADI Development Group is set to launch its much-anticipated inventory of urban inspired towns at LINK.
These spacious units offer up to three bedrooms over two levels, catering to buyers who crave the additional floor space, but don’t want to give up their beloved condo amenities. “It’s definitely going to be one-of-a-kind. There’s nothing else like it on the market right now,” says Tariq Adi, CEO of ADI Development Group. Conveniently located at the corner of Dundas and Sutton, purchasers will take in the natural sanctuary of Bronte Creek though private ground level terraces and master-bedroom balconies opening to LINK’s lush courtyard. To mark the release, LINK invites you to meet interior designer Marlene Card at the LINK presentation centre on Saturday, April 5 as she shares industry secrets on everything from fabric choices, to finding the perfect accent colours that will have your friends raving. This design download is particularly beneficial for purchasers, who can customize their home to complement LINK’s exclusive offering of premium standard finishes and features unmatched on the market. Offering the convenience of a condo, purchasers at LINK towns will easily circulate the complex without having to step 54 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
outdoors. Many towns will have direct access to parking and residents can enjoy LINK’s two-storey retail presence, accessed through the complex’s two multi-level glass “links.” Purchasers will enjoy an active urban lifestyle, taking advantage of the onsite personal trainer at the fully equipped gym and unwinding post-workout in the lavish spa. Ideal for hosting, residents can make full use of the social mainspace in LINK’s two-storey state-of-the-art amenity facility. “There’s been great interest in this product, it is something quite unique. It is something that’s going to be super exciting and it will create a lot of buzz in the market. I’m really happy about that and I’m super excited to bring this standard to Burlington,” says Adi. Located at the corner of Dundas and Sutton in Burlington, LINK Condos + Towns offers studios, one-bedroom, onebedroom plus den, two-bedroom suites and townhomes, ranging from 437 to 1,392 sq. ft. Condos are priced from the mid $200,000s and towns start in the low $400,000s. The presentation centre is located at 5210 Dundas St. W., open Monday to Thursday from noon to 6 p.m. and Saturday to Sunday from noon to 5 p.m. For more information call 905.592.2028 or email link@bakersales.info To register, visit adidevelopments.com
NEW TOWNHOME RELEASE Saturday April 5th 12 Noon Sharp!
Urban Inspired Towns $400’s Meet the Interior Designer! Learn Professional Decorating Tips! from low
Buy enduring quality! Best concrete built value in Burlington!
PRESENTATION CENTRE
Bronte Road
Dundas Street West Sutton Drive
N
Appleby Line
HWY 407
• Access to all community recreational amenities. • Up to 3 bedrooms on two levels. • Spacious designs from 1,006 to 1,392 sq. ft. • Private ground level terraces & balconies off master bedrooms • Don’t miss this one-of-a-kind opportunity! Join us April 5th!
LAKESHORE RD.
PRESENTATION CENTRE 5210 Dundas Street West, Burlington Monday - Thursday: 12 noon - 6 pm • Friday: Closed Saturday, Sunday & Holidays: 12 noon - 5 pm www.adidevelopments.com 905-592-2028
LAKE ONTARIO
Illustrations are artists concept. Prices and specifications subject to change without notice. E. & O.E.
QEW / Hwy. 403
Exclusive Listing: Baker Real Estate Incorporated, Brokerage. 55
N N UA A d n L 42
Presented By:
April 4th – 6th , 2014
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Presented by:
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//CITY FOCUS
NIAGARA More than just the Falls
P
eople around the world recognize Niagara Falls as the honeymoon capital of the world, where the Falls roar and mist fi lls the air as visitors stroll along its edge, spray on their faces from one of the world’s greatest natural wonders. Residents throughout the Niagara region identify with far more. Diverse job opportunities, an economic base rooted in tourism, horticulture, farming and manufacturing and affordable housing set within one of Canada’s most scenic settings, tempered by a moderate climate provide residents with their own reasons to roar. 60 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
Located in southern Ontario and bordering the US, the Niagara region is an area of 1,800 sq. kms forming a peninsula of land between Lake Ontario and Lake Erie with a population of about 430,000. It encompasses St. Catharines, Grimsby, Town of Lincoln (Beamsville, Jordan and Vineland) Niagara Falls, Niagara-on-the-Lake, Welland, Port Colborne, Fort Erie and the neighbouring communities, towns and villages of Queenston Heights, Chippawa, Port Robinson, St. David’s, Ridgeway, Stevensville and Sherkston. Niagara is a major gateway to North America. Its cities and towns are less than a one-hour drive to Toronto, Buffalo or western New York. Businesses are within one day’s drive of 55 per cent of all U.S. manufacturing activity, and almost half of the U.S. population. The region is accessible worldwide through the St. Lawrence Seaway and Welland Canal. Lined with scenic routes and parkways and dotted with fruit stands, antique markets, historic sites and nature trails, the area population increases in
summer due to a quieter way of life and small-town atmosphere. Tourism and the closely related service industry form the economic foundation of this area, that serves about 20 million visitors annually and generates more than $2 billion in revenue. But not everyone is a visitor. With great job prospects, hundreds of newcomers choose this area as their permanent home each year. Quaint communities such as historic Niagara-on-the-Lake, Fonthill and Crystal Beach, even Fort Erie and Ridgeway, are drawing empty nesters ready to indulge in both custom homes and other offerings. Lifestyle and lower prices are the lure. Home prices are much lower than those in the GTA, drawing residents from beyond the Niagara borders. New-home construction is strong in Grimsby and Beamsville, with Cambridge Homes, Losani Homes, Branthaven Homes and Homes by DeSantis all active in the area. Mountainview Homes has a new site, Thundering Waters, in Niagara Falls, as does Great Gulf Homes with its Edgewood Niagara Falls project. Empire communities, BW Homes, Ballantry Homes, Homes by DeSantis, Rosehaven Homes and Phelps Homes are also active in Niagara. BW Homes has a new development, Niagara on the Green, in Niagara-on-the-Lake, as does Langendoen Homes with Courtland Valley. In nearby Thorold, Great Gulf has its Rolling Meadows community, Rosehaven Homes has Gibson Heights and Mountainview has West Community. Clearly, there are many home options – and lifestyle choices – in this world-famous area. Take a drive along the rural roads and parkways and view gorgeous gardens, parklands and orchards of the Niagara fruit belt. A moderate climate and rich, productive soil provide the unique agricultural resources to make the Niagara region ideally suited for fruit and other crop growth. Two-thirds of the province’s tender fruit orchards are located here, producing a
majority of the province’s peaches, cherries, pears, plums, apples, apricots, prunes and grapes. Going Green is nothing new for Niagara, that boasts more than 18 million sq. ft. of greenhouse space. Some 200 greenhouses and 75 food processing plants employ more than 6,000 workers, with thousands more employed in related industries. Horticulture is supported with extensive training programs through Niagara College’s Horticultural Centre, The Niagara Parks Commission School of Horticulture and The Horticultural Research Institute of Ontario (University of Guelph), all of which base programs in the Niagara Region. Niagara’s grape industry produces more than 48,000 tonnes of grapes annually. New wineries are just an example of the region’s ongoing expansion in overall agricultural/food MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 61
NIAGARA AT A GLANCE POPULATION
430,000, including municipalities of Fort Erie, Grimsby, Lincoln, Niagara Falls, Niagara-on-the-Lake, Pelham, Port Colborne, St. Catharines, Thorold, Wainfleet, Welland and West Lincoln COLLEGES & UNIVERSITIES
Niagara College and Brock University NUMBER OF PUBLIC AND CATHOLIC SCHOOLS
180
MAJOR EMPLOYERS
Health services, manufacturing, government, education sectors AVERAGE HOME PRICES
Dec. 2013: $215,906 Dec. 2012: $205,397
SOURCE Canadian Real Estate Association, Canada Mortgage and Housing Corp.,
Tourism Niagara, Niagara Economic Development Corp., Niagara Canada Business Directory, Statistics Canada. Photos courtesy Tourism Niagara.
processing. Increased popularity of grape and wine products has created a separate identity and a designated Wine Route, as indicated by highway post-signs from Stoney Creek to Niagara Falls, connecting 30 of the area’s 70 wineries. Hundreds of thousands of visitors tour this scenic route annually. The wine industry employs more than 5,000 people in wineries, retail and as suppliers and growers. The recent recession was especially hard on manufacturing companies in the region. Formerly among the main employers, GM and companies servicing the automaker are now smaller players on the economic stage. By contrast, Fallsview Casino, with 4,700 workers, is the second largest employer in the Niagara area (Niagara School Board is the largest), followed by General Motors with 2,700. The tourism and entertainment sector also includes the Shaw Festival, Niagara Parks Commission and Canadian Niagara Hotels and Entertainment. Other major employers are the Niagara Health System, Niagara Region, Seaway Marine, Brock University and Canadian Tire Financial. The economic impact of relatively new players such as 62 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
Fallsview Casino and the subsequent arrival of hotels and related businesses has resulted in substantial growth in the new-home market in the decade since it opened. As many people are discovering, Niagara is a great place to work, play and live. The honeymoon is never over.
N N A UA L h t 5 2
2014
Apr 11th -13th, 2014 Presented By:
63
LONDON
New Home watch builders: if you would like to include your new model home or site opening, email wayne.karl@wall2wallmedia.com. please say you saw it in New home & Condo Guide!
preview registration eastforest homes London | Andover Trails
the preview continues – last chance for preconstruction pricing in this community of quadroplex and townhome designs.
eastforesthomes.com
new openings sifton properties London | Westwood Village
Grand opening of luxury one-floor energy star condos from the low $300’s.
new releases auburn developments London | Foxfield Community a variety of housing options are available in this community, including single-family lots.
auburndev.com
cachet reid heritage homes London | Copperfield
final single-family homes available in this community. single-detached designs close to schools, shopping, recreation and parks.
cachetreid.com
sifton.com
senator homes Woodstock | Havelock Corners
claysam homes Woodstock | Sally Creek
senatorhomes.com
premium twin town designs now including finished basements.
claysamhomes.com
claysam homes Woodstock | Neighbourhoods of Devonshire
Get affordable homeownership in this community of single-family homes minutes from hwy. 401.
claysamhomes.com
64 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
Detached homes from $209,990 in an established community.
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LOCATION
BUILDERS
SITES
PRICES
Ilderton
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from mid $300's
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South London
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Tillsonburg
TILLSONBURG DEVELOPMENTS
Baldwin Place
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West London
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West London
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from mid $300's
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Woodstock
CLAYSAM HOMES
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•
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•
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from mid $300's
71
from the $290's
71
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69 •
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from $209,990
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MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 65
66
BALDW I N PLAC E, TILLS ONBUR G
WOW You can’t beat the quality, value and lifestyle at Baldwin Place. Onsite, there’s a fully-equipped recreation centre… reach great golf and scenic drives in just minutes. And because we’re right in town, shopping, dining and medical facilities are just a few blocks away. Come for a visit and see why so many retirees of all ages have made the Baldwin Place community their new home.
Our all-brick, detached, freehold homes start at $232,000 (incl hst) with a monthly association fee of just $30! Call us now at 1-800-265-5709 or visit: www.baldwinplace.ca 3 ESSELTINE DRIVE, TILLSONBURG MODEL HOME HOURS: OPEN MONDAY - THURSDAY, SATURDAY & SUNDAY 10AM TO 5PM. FRIDAYS & HOLIDAYS BY APPOINTMENT ONLY. E.& O.E. Prices & Specifications are subject to change without notice. 67
APRIL 11th - 13th THE 38th LONDON spring
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Photo © istockphoto.com/nyul
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Neighbourhoods of Devonshire brings you peaceful and attainable family living in the growing community of Woodstock. With convenient highway access and all major amenities just minutes away, Claysam offers you the perfect opportunity to own your home. A Bell Fibe Community
visit us online for model hours claysamhomes.com *Limited time offer. $784.46 per month based at 2.5%, 5 year closed mortgage amortized over 25 years with 25% down payment on purchase price of $224,900. P&I only. Applicable to the price of the home and does not include upgrades. Please visit the sales center for details. Offer and conditions may be subject to change without notice. E. & O. E.
believe you can have it all 69
Model Home Compliments of Sifton Properties Ltd. www.sifton.com
ON THE RIVER
Live where you Play at RiverBend Golf Community in London, Ontario. This award-winning “Basswood” home design boasts a spacious 1,756 square feet of luxurious one-floor living space.
APRIL2014 Sifton Properties Ltd. has been featured as “MODEL HOME OF THE MONTH” as seen in the new home & condo guide model home calendar
In a Sifton home.
Pricing and lot availability subject to change without notice E. & O. E.
In a Sifton home, you will experience the difference of our expertise with customer service excellence throughout your entire purchasing process. THE SIFTON DECOR CENTRE is the only one of it’s kind in London, Ontario, and provides a level of service and convenience that you can only enjoy with the purchase of a Sifton home. Our experienced and knowledgeable staff will make choosing the finishes and fixtures throughout your home a simple and stress-free process. We provide a one-stop-shop of design expertise to help bring your vision to life.
3000 sq.ft. Decor Centre | Professional Decor Consultations Purchase before May 31ST and receive $5K in FREE uPgRaDES*
HarrisView
Andover Trails
RiverBend
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Ingersoll 40-50 Foot Singles
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West London Bungalow Villas & Singles
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From the $290’s
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*Offer not available at Timberwalk. See a Sales Representative for more details.
Find Your Perfect Home at Sifton.com | 519-850-0756 71
in the news//
ENERQUALITY
ANNOUNCES 2013 AWARDS OF EXCELLENCE WINNERS
Ontario leader in Green building programs recognizes Best of the Best at 14th Annual Awards Gala
t
he ability to innovate continues to be a key factor that separates the best from the rest in the residential construction industry, as leaders in the residential building, renovation and construction industry were recently recognized for their achievements during EnerQuality’s 14th Annual Awards of Excellence Gala at the Hilton Hotel Niagara Falls. “The future of development, home building and renovations is being written by
the innovators,” says Corey McBurney, president, EnerQuality. “Our awards recognize the leaders in our industry who have embraced quality and sustainability as core values.” Over the last 10 years, the industry has made enormous strides to improve building performance. EnerQuality’s Awards of Excellence draw attention to the “best of the best” who are making energy efficient and sustainable housing the norm. Selected by an awards jury of industry professionals, winners were presented with hand crafted crystal awards at the Awards Gala, which took place during the Ontario Home Builders’ Association/EnerQuality Builder and Renovator Forum.
Empire Communities, Ontario Green Builder of the Year
72 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
Doug Tarry of Doug Tarry Homes, Energy Star for New Homes Builder of the Year
Darlene Fraser, Eastforest Homes; Jim Dunstan, Union Gas; Rick Martins, Eastforest Homes; Andy Goyda, OwensCorning; Gary Sharp, CHBA.
2013 WINNERS (partial list) MIDHAVEN HOMES EnerQuality’s Energy Star for New Homes Builder of the Year – Large Volume Builder and DOUG TARRY HOMES EnerQuality’s Energy Star For New Homes Builder of the Year – Mid Volume Builder In recognition of their corporate commitment to energy efficiency by labeling their homes under the Energy Star for New Homes program UNION GAS AND ENBRIDGE GAS Industry Partner of the Year In recognition for going “above and beyond” for builders by providing design, construction and marketing support to help them build energy efficient Green homes EASTFOREST HOMES, UNION GAS, BUILDING KNOWLEDGE, OWENS CORNING Leader of the Year In recognition of their extraordinary commitment, advocacy and leadership in driving the growth of energy efficiency and Green building in Ontario over the past year MIDHAVEN HOMES Best Green Marketing Campaign In recognition of a builder that has most successfully integrated energy efficiency and Green into their overall marketing program
EMPIRE COMMUNITIES Ontario Green Builder of the Year Sponsored by Ontario Home Builders’ Association (OHBA) In recognition of an outstanding home builder that has led the residential building industry in environmental responsibility About EnerQuality EnerQuality designs and delivers Green building programs to the residential construction industry. A social enterprise, EnerQuality is working to transform Ontario’s housing into the most energy efficient and sustainable in the world. Programs are voluntary and market-based, designed to support builders and renovators with education and tools to achieve high performance building standards. Notable programs include Energy Star for New Homes and GreenHouse Certified Construction. For more information, visit enerquality.ca
ROSS ELLIOTT Hall of Fame In recognition of an individual who, over the course of their career, has made a lasting impact on energy efficiency and Green building in the housing industry MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 73
MEET OUR
HERO
Matthew
m
Matthew was born in August 2012, three weeks prematurely. At 30 weeks gestation a routine ultrasound showed fluid in his abdomen. Matthew’s mom, Gillian, was transferred to the high risk unit at their local hospital. Their doctor there suspected that Matthew had meconium peritonitis, a rupture of the bowel. This is rarely seen in babies in utero, but is associated with babies who have cystic fibrosis. His parents were tested and learned that they carry the gene for cystic fibrosis. This came as a total surprise to them as there is no CF in their families. At birth, Matthew had a blood test and was confirmed to have CF and presented with the “classic” form – the delta gene. He was transferred to SickKids and had surgery to unblock his bowel on his first day of life. He
74 NEW HOME & CONDO GUIDE SWO | MARCH 15 - 29, 2014
had some complications, and spent six weeks at SickKids. Shortly before Christmas, he had a second surgery and was in hospital for three days. Matthew’s condition has already affected his pancreas and although it has not yet affected his lungs, his parents expect that it will as he develops and grows. They do physiotherapy with him daily to keep his lungs as healthy as possible. “It’s the worst feeling watching your child fight to get better,” says Gillian. “But despite his condition, Matthew’s been a happy boy providing us smiles.” Matthew’s parents decided that they want to do everything they can to help advance research. They met Dr. Felix Ratjen, head of respiratory medicine and co-director of the Cystic Fibrosis centre, who spoke to them about CF stem cell research and they readily agreed to allow SickKids to take a sample of Matthew’s skin when he came to have his surgery in December. “You can’t do anything to help other than be there and love them unconditionally. There were really two reasons behind participating in the research study: a little hope and a lot of fear. My optimistic side would say a lot of hope,” says Gillian. Last year, SickKids researcher, Dr. Janet Rossant and her team became the first in the world to use skin cells from patients with CF to produce mature lung cells in a petri dish. Lung cells generated from patients can be used to develop and test drugs that target the genetic mutation underlying the condition. If the drugs work on the lung cells, then later they may also be tried on the patient. Until recently, the only therapies available for patients with CF targeted the symptoms, like infection and digestive disorders, rather than the underlying genetic alteration.
Why SickKids? 1.
The life expectancy of a cystic fibrosis patient has increased 12x in the past 50 years – from 4 years to 48. Research at SickKids, including the discovery of the gene that causes CF, is helping build toward a future where cystic fibrosis is a disease of the past.
2.
Thanks to the generosity of partners in the Builders Helping to Heal Campaign, SickKids leads the way in cystic fibrosis research and many other devastating childhood diseases.
Readers looking to support SickKids can go to www.sickkidsleaders.com
BUILDERS HELPING TO HEAL Wall2Wall Media, the publisher of New Home Guide, New Home & Condo Guide and New Condo Guide, is teaming up with builders and their suppliers to help raise money for SickKids. The following companies have contributed generously to help give Ontario’s children the world-class care they deserve. These pages honour these special people, and we thank them for their generous support. Builders Helping to Heal and Friends of the Industry are Wall2Wall Media initiatives stemming from SickKids Leaders, a program at SickKids which draws on the support of more than 150 volunteers over 30 industry sectors. www.sickkidsleaders.com
PLATINUM SPONSORS
www.fieldgatehomes.com
www.mattamyhomes.com
www.heathwood.com
www.mytribute.ca
Again, we thank our generous sponsors and appreciate their ongoing commitment. These companies not only build housing, but they support the families in the communities in which they build.
www.streetcar.ca GOLD SPONSORS
www.bazis.ca
SILVER SPONSORS
www.primonthomes.com
MARCH 15 - 29, 2014 | NEW HOME & CONDO GUIDE SWO 75
IN THE MARKET FOR A
NEW HOUSE
OR A CONDO?
We think finding a home is a lot more than simply finding the right property. That’s why we put you right in the middle of the search process.
Search your favorite neighbourhood
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View new construction projects and register to get the latest info
Visit the new real estate section on canpages.ca and start looking for that special place.
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homebuyers’ help//
Homebuyers’ Resource Section You love the home, see what you can afford! » Compare mortgage rates for your best deal
» Calculate your mortgage payments using the mortgage payment calculation chart
MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 77
oNtArIo’S MOST-READ NEW HOMES GROUP [ 3-WEEK ISSUE ]
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Calculate your mortgage payments interest rate
amortization period
Chart figure
example: 5%
25 Years
5.82
mortgage amount ÷ 1,000 (mortgage amount $125,000)
125
monthly payment
$
Follow these steps to see if you’ll qualify for a mortgage on your dream home
01 02 03
Calculate the combined monthly before-tax income of you and your spouse. Divide by three. This figure is the monthly payment you can afford to make on your home. Take the total price of the home and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.
04
Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most firsttime buyers take the 25-year amortization.)
05
06 07
Add to this your estimated monthly heating costs and monthly property taxes. If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream home.
Multiply this figure by the amount you need to borrow. Divide by 1,000. » Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice andget pre-qualified.
80 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
Mortgage payment calculation chart %
Interest rates
amortization periods
10 Years
15 Years
20 Years
25 Years
30 Years
3.00%
9.65
6.90
5.54
4.73
4.21
3.50%
9.88
7.14
5.79
4.99
4.48
3.25% 3.75%
9.76
9.99
4.00%
10.11
4.50%
10.34
4.25% 4.75%
5.00% 5.25%
5.50% 5.75%
6.00% 6.25%
6.50% 6.75%
7.00%
7.25%
7.50%
7.75%
10.23 10.46 10.58
7.38
6.04
5.26
7.63
6.30
5.53
7.50 7.75
7.88
11.31 11.43
8.66
8.80
11.56
8.93
11.81
9.21
11.68
9.07
7.55
7.69
7.84
12.45
12.58
9.76
9.90
10.05
12.84 13.10
13.24 13.37 13.50
13.64
13.77
14.04 14.32
14.46 14.59
10.33 10.63 10.77 10.92
11.06
11.22
11.36
11.52
7.00 7.16
4.90
5.04 5.19
5.34 5.49
5.64 5.79 5.95
6.11
6.26 6.42
6.59
6.75
8.28
7.63
7.25
8.59
7.95
8.74
7.47
7.79
8.12
8.86
8.28
9.20
8.62
9.52
8.95
9.05
9.36 9.68
10.98
12.28
11.31
7.76
7.93
8.45
9.12
9.63
11.97
7.59
8.78
10.16
10.32
7.42
8.10
9.29
10.49
7.08
8.45
9.84
10.00
10.65
12.13
6.70
6.85
4.76
6.91
11.66 11.82
6.40
4.61
7.32
8.44
9.48
5.96
4.34
7.99
9.62
14.18
12.75%
7.41
12.19
12.00% 12.50%
7.12
8.14
13.91
12.25%
6.10
9.34
11.50%
11.75%
6.85
11.94
10.48
11.25%
5.82
6.55
8.53
12.97
11.00%
6.57
7.26
11.19
9.75%
10.75%
5.67
6.25
10.19
10.50%
6.44
5.40
6.98
8.40
12.71
10.25%
6.17
8.27
11.07
8.14
9.25%
10.00%
5.13
10.94
10.82
12.32
9.50%
5.91
6.74
8.50% 9.00%
4.86
8.01
12.06
8.75%
7.26
5.66
10.70
8.00% 8.25%
7.02
9.46
9.80 9.97
10.15
8.28 8.63
8.80 8.98 9.16
9.34
9.52
9.70
9.88
10.81
10.32
10.06
11.15
10.67
10.43
10.49
10.85
10.25 10.61
This table shows the monthly payment of principal and interest for each $1,000 of mortgage. example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 81
Compare mortgage rates for your best deal CHARTERED BANKS
Variable
atB financial
2.7
alterna svgs/alterna Bk
2.6
Bank of montreal Bank of nova scotia
3 2.6
Canadian Western Bank Cff Bank CiBC
3
hsBC Bank Canada
2.65
iCiCi Bank Canada ing direct manulife Bank
3.05 3 2.7
national Bank
n/a
president’s Choice finan royal Bank
3 3
td Canada trust
3
airline financial C.u.
4
luminus financial
6 Months
1 Year
2 years
3 years
4 years
5 years
4 6.30op 4 6.30op 4 6.30op 4.55 6.45op 4 6.45op
2.94 6.30op 3.09 6.30op 3.14 6.30op 3.29 6.50op 3.09 6.30op 3.69 3.09 6.35op 2.7 6.35op 3.15 3.19 3 4.00op 3.14 6.70op
2.89 6.50op 3.14
2.99
3.39
3.49
3.19
3.35
3.25
3.04
3.85
4.39
3.49
3.14
3.44
2.94
4.79
3.04
3.75
4.39
4.99
3.75 2.79
3.79 3.75
3.79 2.97
3.39 3.49
3.95
2.93
3.09
3.49
3.65 3.24 3.05
3.64 3.49 3.1
3.69 3.69 3.3
3.89 3.99 3.34
3.14
3.75
4.64
3.49
3.24 3.04
3.59 3.75
3.69 4.54
4.09 5.04
2.79
3.75
2.97
3.49
3.1
3.33
3.65
3.99
2.75
2.95
2.9
3.4
3.25 3.6
3.95 3.7
4.74 4.6
4.99 4.95
2.89 3.14
2.79 3.75
3.04 4.64
3.09 4.99
3.14
3.44
2.94
4.79
3.25
3.29
2.99
3.19
2.59 3.14
2.79 3.29
2.97 2.95
3.29 3.29
3.14
3.95
4.74
5.34
3.95 3.14
4.35 3.65
4.89 4.39
5.14 2.99
3.1 3
3.25 3.1
3.4 3.25
3.6 3.45
6.70op 4.45 6.20op 4.45 4.4 6.70op 6.30op
2.55
3.14 6.30op 3.09 6.30op 3.01 6.25op 3.1 6.3
TRUST COMPANIES Community trust effort trust
n/a n/a
home trust Company investors group trust
2.5 n/a
mtCC
2.6
6.5 4.45 6.30op 3.95 4.2 6.50op 4.55 6.45op
3.14 3.25 6.30op 2.89 3.14 6.30op 3.29 6.50op
6.2 6.40op 3.95
2.99 6.30op 2.99 3.09 6.34op 3.14 6.30op 3.6 3.09 6.30op 3.05 2.7
OTHER FINANCIAL INSTITUTIONS Comtech Credit union
2.95
first national fin. lp firstontario C.u.
2.7
london life
n/a
mCap meridian Credit union
2.6 2.6
parama Credit union steinbach Credit union
2.85 2.5
6.34op 4.2 6.50op 4
notes: **interest rate charged subject to adjustment during term mortgage. please consult institution for term of years available. all rates are prime rates and subject to change without notice. r.o.r. rates on reQuest op open ----- not Quoting n/a not aVailaBle march 24, 2014. prepared By fiscal agents financial information services 905.844.7700
82 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
hot dates//
apr 4-6
Niagara Lifestyle Home Show seymour hannah sportsplex st. catharines
The eighth annual Niagara Lifestyle Home Show in St. Catharines takes place at the new multi-million-dollar SeymourHannah Sportsplex in St. Catharines. jenkinsshow.com apr 4-6
Burlington Lifestyle Home Show mainway recreation centre burlington
mar 29 to apr 12 Calendar of events beginning from March 29 to April 12, 2014
This year’s version of the Burlington Lifestyle Home Show encompasses two arenas plus an auditorium side by side. A new entertainment and how-to stage offers consumers everything they need to know about house and home. jenkinsshow.com apr 5-13
Get Fresh in the Valley
twenty valley wineries vineland Tour the Twenty Valley wineries this spring with our Get Fresh Passport. Sample new vintage wines paired with delicious appetizers at 25 of our premier wineries. 20valley.ca
apr 11-13
Taste of Niagara on the Lake
493 regent st. niagara on the lake
On the Friday night join us for a wine and cheese reception. On Saturday night, you will enjoy a five course progressive dinner through five of the top restaurants in town. Each course paired with wine. atasteofniagara.ca apr 11-13
Oakville Lifestyle Home Show
glen abbey recreation centre oakville Oakville residents use the Oakville Lifestyle Home Show as their major source for home improvement investments. It offers consumers convenient, one-stop shopping in a comfortable, low key and local environment. jenkinsshow.com apr 11-13
London Spring Home & Garden Show
western fair district london Southwestern Ontario's largest home and garden show in it's 38th year! Everything for your home and garden with more than 330 exhibitors under one roof. londonhomeandgardenshow.com
MAR 29 - APR 12, 2014 | NEW HOME & CONDO GUIDE SWO 83
Advertiser index adi development group: LINK
55
menkes developments: Enclaves of Upper Canada
Bayview wellington: Victoria Village
4
monarch: Corporate
Bayview wellington: Niagara-on-the-Green
5
mountainview homes: Corporate
Branthaven homes: Multi-site
12 & 13
51
44 & 45 9
new horizon homes: Mint Condominiums
39
Bucci homes: Bliss
41
niagara lifestyle home show
58
Burlington home show
56
oakville home show
63
claysam homes: Neighbourhoods of Devonshire
69
phelps homes: Multi-site
32
reid’s heritage: Westminster Highlands
28
countrygreen homes: The Uptowns of Waterdown
7
dawn victoria homes: Evergreens
35
reid’s heritage: Corporate
eastforest homes: Corporate
27
rosehaven homes: Corporate
34
rosehaven homes: On the Ridge
33
schuit homes: Perth Park
48
senator homes: Havelock Corners
66 71
empire communities: Multi-site forest park homes: The Village Landing great gulf: Rolling Meadows/Edgewood
2&3 43 IBC
BC
homes By desantis: Fiera Collection
11
sifton properties: Corporate
homes By desantis: On the Ridge
33
sick kids
kingwood homes: Village on the Grand/Riverwalk
40
solmar development corp: Cannery Park
57
lakeview homes: Cannery Park
57
spallacci homes: Eden Park
49
london home show
68
td Bank
16
losani homes: Fairgrounds
85
tillsonBurg developments: Baldwin Place
67
toByn park: Park City
59
williamsBurg homes: Eby Estates
25
mattamy homes: Wildflowers
6
mattamy homes: Cranberry Hill
17
menkes developments: Millstone on the Park
50
84 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
74 & 75
//FUNDAMENTALLY SPEAKING
Homeownership affordability HOLDING ITS OWN » by WAYNE KARL
WAYNE KARL
is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at
wayne.karl@wall2wallmedia.com
or follow him on Twitter at Twitter.com/WayneKarl
Amid all the ongoing talk of mortgage rates, market conditions, high levels of household debt and economic uncertainty, good news comes from RBC Economics Research’s latest Housing Trends and Affordability report. After two straight quarters of modest deterioration, housing affordability improved mildly in Canada in the fourth quarter of 2013, thanks primarily to income gains and still-low mortgage rates. “The relative strength in income gains in Canada offset the minor increase in homeownership costs in the final months of 2013, meaning that homes were more affordable for those looking to buy,” says Craig Wright, senior vice-president and chief economist, RBC. The RBC report notes that household incomes outpaced a modest rise in mortgage carrying costs associated with buying a home at market value in the fourth quarter, which contributed to the improvement in affordability. Easing price gains in most markets across the country and marginal increases in mortgage rates kept the rise in mortgage carrying costs subdued. The way RBC’s affordability measures work is, the higher the measure, the more difficult it is to afford a home. For example, an affordability measure of 50 per cent means that homeownership
86 NEW HOME & CONDO GUIDE SWO | MAR 29 - APR 12, 2014
costs, including mortgage payments, utilities and property taxes, take up 50 per cent of a typical household’s pre-tax income. A decline in the measure represents an improvement in affordability. For the Ontario market, homeownership affordability eased by 0.1 percentage points for both bungalows (to 44.7 per cent) and two-storey homes (50.3 per cent), and remained flat for condominiums (29.5 per cent) in the fourth quarter of 2013. Owning a single-detached home at market value in the province continues to take a larger share of household income compared to the historical average despite marginal improvements for the first time in a year.
Household incomes outpaced a modest rise in mortgage carrying costs associated with buying a home at market value, RBC says. In Ontario’s largest market, Toronto, affordability deteriorated slightly in all housing categories – up 0.2 per cent (meaning it became less affordable) for both two-storey homes (63.7 per cent) and condos (33.9 per cent), and by 0.1 percentage points for bungalows (55.6 per cent). The good news for prospective homebuyers in Southwestern Ontario’s key markets – such as Hamilton, Kitchener, St. Catharines and London? While affordability decreased slightly, and mostly in standard two-storey homes, prices and overall mortgage carrying costs are much lower than in Toronto and than the Ontario average.
NIAGARA
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Leo and Ada, Great Gulf Homeowners at Rolling Meadows
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ROLLING MEADOWS
EDGEWOOD McLeod Rd.
GREATGULF.COM Prices and specifications subject to change without notice. E. & O.E. Illustrations are artist’s concept. All square footages are approximate. Actual usable space varies from stated floor area. Mon to Wed: 2:00 pm - 7:00 pm • Thu & Fri: Closed • Sat & Sun: 12:00 pm - 5:00pm
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