GTA New Condo Guide - Jan 21, 2017

JAN 21 - FEB 4, 2017 VOLUME 2, ISSUE X, FREE VOLUME 21, ISSUE 2, FREE

GTA GTAEDITION EDITION

C O M I N G S P R I N G 2 017 > M I S S I S S A U G A’ S F U T U R E S T A R T S H E R E . mcit ycondos.com

INSIDE THIS ISSUE INSIDE THIS ISSUE

2017 IS STILL A GOOD WHY THE URBAN/SUBURBAN DEBATE 7 LUXE LOOKS THAT YEAR TO BUY A HOME CONTINUES FOR HOME HUNTERS WON’T BREAK THE BANK NOTE THAT THIS CALLOUT IS AND THAT THE BAR IS ALWAYS HIT SHIFT F7 AND DISTRIBUTE ALWAYS YPNH GREY IN COLOUR WHITE ON BOTTOM OF PAGE SPACING AT 0.2074 INCHES

redible lifestyle amenities. Leisure time is quality time with a sumptuously appointed library lounge and a multi-purpo m. Unwind in style in the luxurious indoor pool and whirlpool spa. Take your workout routine to the next level in the which includes two squash courts and a yoga/pilates studio. Perfect your swing in an innovative golf simulator room. W f two state-of- the-art theatre rooms. In addition, two comfortably appointed guest suites are available for the benefit o s time to raise the bar on urban sophistication. Perched above the stunning Forest Hill escarpment, Blue Diamond offe uxury suites in the heart of Imperial Village, a unique master-planned community at Avenue Road and St. Clair. With p dented amenities of the elite 20,000 sq ft Imperial Club, residents will enjoy a stunning roster of incredible lifestyle lf is distinguished by a distinctive façade that pays tribute to the timeless history of its iconic site, where the former D ned its doors in 1913. As a designated heritage monument, the façade of the Church is being carefully restored a into an open courtyard that incorporates park benches, beautiful landscaping, and public art, creating an inviting and en sidents, while enhancing the streetscape with vibrancy and activity. In addition to the spectacular glass and metal panel with its contemporary, dual level lobby and full concierge station with 24-hour security, building residents will enjoy the d elevators with custom designed cabs, designer selected broadloom in all corridors, and more than 20,000 sq. ft. of unpa the exclusive Imperial Club. Live in one of Toronto’s finest neighbourhoods. Welcome to Imperial Village at Avenue Ro rest Hill. This unique master-planned community offers a connected lifestyle of unprecedented ease and access nestled a gious neighbourhoods Forest Hill, Deer Park, Yorkville, Rosedale and Summerhill. Surrounded by luxury residences, storical church façade and stunning courtyard with street-level retail, including The Market by Longos and LCBO, Imp to transit, close to several abundant parks and trails, and in close proximity to Toronto’s finest public and priva ary institutions. With access to the unprecedented amenities of the elite 20,000 sq ft Imperial Club, residents will also e redible lifestyle amenities. Leisure time is quality time with a sumptuously appointed library lounge and a multi-purpo m. Unwind in style in the luxurious indoor pool and whirlpool spa. Take your workout routine to the next level in the which includes two squash courts and a yoga/pilates studio. Perfect your swing in an innovative golf simulator room. W f two state-of- the-art theatre rooms. In addition, two comfortably appointed guest suites are available for the benefit o s time to raise the bar on urban sophistication. Perched above the stunning Forest Hill escarpment, Blue Diamond offe uxury suites in the heart of Imperial Village, a unique master-planned community at Avenue Road and St. Clair. With p dented amenities of the elite 20,000 sq ft Imperial Club, residents will enjoy a stunning roster of incredible lifestyle lf is distinguished by a distinctive façade that pays tribute to the timeless history of its iconic site, where the former D ned its doors in 1913. As a designated heritage monument, the façade of the Church is being carefully restored a into an open courtyard that incorporates park benches, beautiful landscaping, and public art, creating an inviting and en sidents, while enhancing the streetscape with vibrancy and activity. In addition to the spectacular glass and metal panel with its contemporary, dual level lobby and full concierge station with 24-hour security, building residents will enjoy the d elevators with custom designed cabs, designer selected broadloom in all corridors, and more than 20,000 sq. ft. of unpa the exclusive Imperial Club. Live in one of Toronto’s finest neighbourhoods. Welcome to Imperial Village at Avenue Ro rest Hill. This unique master-planned community offers a connected lifestyle of unprecedented ease and access nestled a gious neighbourhoods Forest Hill, Deer Park, Yorkville, Rosedale and Summerhill. Surrounded by luxury residences, storical church façade and stunning courtyard with street-level retail, including The Market by Longos and LCBO, Imp to transit, close to several abundant parks and trails, and in close proximity to Toronto’s finest public and priva ary institutions. With access to the unprecedented amenities of the elite 20,000 sq ft Imperial Club, residents will also e redible lifestyle amenities. Leisure time is quality time with a sumptuously appointed library lounge and a multi-purpo m. Unwind in style in the luxurious indoor pool and whirlpool spa. Take your workout routine to the next level in the which includes two squash courts and a yoga/pilates studio. Perfect your swing in an innovative golf simulator room. W f two state-of- the-art theatre rooms. In addition, two comfortably appointed guest suites are available for the benefit o s time to raise the bar on urban sophistication. Perched above the stunning Forest Hill escarpment, Blue Diamond offe uxury suites in the heart of Imperial Village, a unique master-planned community at Avenue Road and St. Clair. With p dented amenities THIS of theISelite 20,000 ft Imperial Club, residents will enjoy a stunning roster of in cgreat lifestyle YOUR LASTsq CHANCE TO PURCHASE AT PRE-CONSTRUCTION PRICING! lf is distinguished by a distinctive façade that paOAD tribute to the timeless history of its iconic site, where the former D LIVE AT AVENUE ROAD & ST. CLAIR. ned its doors in 1913. As a designated heritage monument, the façade of the Church is being carefully restored a SUITES FROM THE $390,000’S into an open courtyard that incorporates park benches, beautiful landscaping, and public art, creating an inviting and en sidents, while enhancing the streetscape with vibrancy and activity. In addition to the spectacular glass and metal panel with its contemporary, dual level lobby and full concierge station with 24-hour security, building residents will enjoy the d elevators with custom designed cabs, designer selected broadloom in all corridors, and more than 20,000 sq. ft. of unpa the exclusive Imperial Club. Live in one of Toronto’s finest neighbourhoods.

Welcome to Imperial Village at Avenue Ro BLUEDIAMONDCONDOS.CA | 416.925.2501 rest Hill. This unique master-planned community offers a connected lifestyle of unprecedented ease and access nestled a gious neighbourhoods Forest Hill, Deer Park, Yorkville, Rosedale and Summerhill. Surrounded by luxury residences, storical church façade and stunning courtyard with street-level retail, including The Market by Longos and LCBO, Imp to transit, close to several abundant parks and trails, and in close proximity to Toronto’s finest public and priva ary institutions. With access to the unprecedented amenities of the elite 20,000 sq ft Imperial Club, residents will also e redible lifestyle amenities. Leisure time is quality time with a sumptuously appointed library lounge and a multi-purpo m. Unwind in style in the luxurious indoor pool and whirlpool spa. Take your workout routine to the next level in the which includes two squash courts and a yoga/pilates studio. Perfect your swing in an innovative golf simulator room. W f two state-of- the-art theatre rooms. In addition, two comfortably appointed guest suites are available for the benefit o s time ae the bar on urban above the stunning Forest Hill LePage escarpment, Dia offer breathta Brokers Protected.

Salessophistication.

Representative: KevinPerched Crigger*, Broker.

Johnston & Daniel a division of Royal Real Estate Blue Services Ltd.and Brokerage.

Barberry (DP) Inc. Prices and specifications are subject to community change without notice.

IllustrationsRoad are artist's concept.

O.E. with private s in the art Consultant: of Imperial Village, a unique master-planned at Avenue and St. E.& suit ed amenities of the elite 20,000 sq ft Imperial Club, residents will enjoy a stunning roster of incredible lifestyle amenit nguished by a distinctive façade that pays tribute to the timeless history of its iconic site, where the former Deer Par oors in 1913. As a designated heritage monument, the façade of the Church is being carefully restored and the interior t

Editor’s Note

Can you really afford that home?

LYDIA MCNUTT Senior Editor Yellow Pages NextHome Email: Lydia.McNutt@ypnexthome.ca Twitter: @LydiasTweets

IT LOOKS LIKE RISING HOME PRICES are bringing out the ugly side – or, at least the dishonest side – in some people. Credit reporting agency Equifax Canada reported a 52-per-cent increase in mortgage fraud compared to 2013. Of the mortgage applications that were flagged, 67 per cent were from Ontario and 12 per cent from B.C. Coincidence?

Equifax’s survey also found that one in five Canadians who do not have a mortgage are worried they’ll never own a home because of rising prices, and want to buy a home but can’t because of the down payment. Here’s another interesting tidbit – 13 per cent of Canadians said a “little white lie” on a mortgage application is okay, if it’ll get you the home you want.

To the fibbers out there: aside from being a crime, by lying on your mortgage application, you’re just kidding yourself. If you weren’t approved based on your actual numbers, then what makes you think that you can afford it? It’s no wonder that the Bank of Canada is waving a red flag about rising household debt and Canadians’ ability (or, more aptly, inability) to pay up.

Here’s a word to the wise – make a budget and stick to it.

Consider your existing debts, expected mortgage payments, bills and taxes, expenses and lifestyle. Are you secure in your job? How do you envision your life in five years? In 10 years? At retirement? Don’t forget to factor in a potential increase in mortgage interest rates. All things considered, can you afford it?

Don’t overextend yourself in the interest of some extra square footage. You want to live in your home, not for your home.

REGENT PARK

SEE MORE PHOTOS ONLINE

Regent Park proves that you can reinvent the wheel with a city-backed redux that is raising it from ashes to a vibrant community of city streets, compact blocks, businesses, condos, apartments, community services and a blend of residents across socio-economic and cultural spectrums. Read the full story… ypnexthome.ca/regent-park

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CONDOMINIUM RESIDENCES AT YORKVILLE & YONGE THE PRESENTATION LOUNGE HAS MOVED TO A NEW LOCATION PLAZA STORE: 525 ADELAIDE STREET WEST, GROUND FLOOR #1 - 416-519-2911 DON’T MISS YOUR LAST OPPORTUNITY TO OWN A SUITE FOR ONLY 10% DOWN*.

STEPS TO SUBWAY AND PATH • NOW UNDER CONSTRUCTION STARTING FROM THE MID $500’S

1YORKVILLE.CA @BazisInc

BAZI-NO1-A-AD-NCG-JAN10-SO MOVE-1.indd 1

PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O.E. *SEE SALES REPRESENTATIVE FOR DETAILS

2017-01-10 2:09 PM

Contributors

BILD REPORT

BRYAN TUCKEY Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and BILD’s official blog (bildblogs.ca).

VICE PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF SALES

Moe Lalani

LEGALLY SPEAKING

JAYSON SCHWARZ Jayson Schwarz LL.M is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit the website at schwarzlaw.ca or email info@schwarzlaw.ca.

ASSOCIATE PUBLISHER

Anne-Marie Breen SENIOR MANAGER, CONTENT

Jennifer Reynolds SENIOR EDITOR

Lydia McNutt ART DIRECTOR

Daiana Garay

CONDO PRO

BARBARA LAWLOR Barbara Lawlor is president and CEO of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in the GTA and overseas.

CONTRIBUTING EDITORS

Sonia Bell Wayne Karl Elisa Krovblit DESIGN EDITOR

Yanic Simard

SENIOR ACCOUNT EXECUTIVES

STAT CHAT

BEN MYERS Ben Myers is senior vice-president of market research and analytics at Fortress Real Developments. Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments.com/news or follow him on Twitter at @BenMyers29.

Dionne Fraser dionne.fraser@ypnexthome.ca Nina Downs nina.downs@ypnexthome.ca

SALES & MARKETING CO-ORDINATOR

Terry Bassett

PRODUCTION MANAGER

Helen Pearce PRODUCTION CO-ORDINATOR

DESIGNER ADVICE

Sandra Hanak-Vujnovic

YANIC SIMARD

GRAPHIC DESIGNER

Celebrity Designer Yanic Simard is New Condo Guide’s design editor, principal designer of award-winning, boutique firm Toronto Interior Design Group (tidg.ca), and regular design expert on City’s Cityline. @yanicsimard

more online We have even more content online! Read more stories from our team of contributors at ypnexthome.ca, including stories by:

Miguel Cea

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 ypnexthome.ca

ADVERTISING Call 416.626.4200 for advertising rates

and information.

CIRCULATION Highly targeted, free distribution

FINANCE

system aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments.

GAIL VAZ-OXLADE

COPYRIGHT 2017 All rights reserved by Yellow

Gail Vaz-Oxlade is the host of Til Debt Do Us Part and author of Debt Free Forever and blogs daily at gailvazoxlade.com

Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and offenders will be prosecuted under the law.

TERMS Advertisers, editorial content and New 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.

MORTGAGE ADVICE

ALYSSA FURTADO Alyssa Furtado is the Founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

4 YPNEXTHOME.CA

EDITORIAL Submissions from interested parties will be

considered. Email your ideas to the editor at lydia.mcnutt@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication.

Make the most of every minute.

PINNACLE ETOBICOKE is located at the heart of the New City Centre.

Close to the Kipling Hub, GO station and major highways, this magnificent masterplanned community offers an exciting collection of condominium homes designed just for you. With easy access to everything you love about the city – living, working and playing are possible in a location that has it all. Make the most of every minute at Pinnacle Etobicoke.

ONSITE SALES CENTRE OPENING SOON! 5475 Dundas Street West (Between Hwy 427 and Kipling) Condominiums from the $300s

REGISTER TODAY! PinnacleEtobicoke.ca

PinnacleInternational.ca | 416.596.1600 TORONTO . MISSISSAUGA . VANCOUVER .

Brokers Protected. Prices and specifications are subject to change without notice. E.&O.E.

FEB 21 - MAR 4, 2017 | NEW CONDO GUIDE 5

6 YPNEXTHOME.CA

FINAL FEW SUITES REMAIN UNDER CONSTRUCTION! Live the life you love at the heart of everything Queen West.

Discover a superb collection of suites, plus an exciting array of lifestyle amenities.

Ask about our special incentives* Condominiums at Queen West & Dovercourt from the $380’s.

Sales Centre: 1164 Queen St. W, West of Beaconsfield Ave. T 416.546.6355

Learn more at pembertongroup.com *See a Sales Representative for full details. Exclusive Listing Brokerage, Circle M Realty Corporation. Brokers Protected.

Prices and specifications are subject to change without notice. Illustration is Artist’s concept. E.&O.E.

FEB 21 - MAR 4, 2017 | NEW CONDO GUIDE 7

DOVE 50263 Condo Guide Layout Revisions_Issue 2_final.indd 1

2017-01-09 9:51 AM

looking for a new home?

It’s only a tap away.

Find the perfect new home or condo in the neighbourhood that fits your lifestyle.

START SEARCHING NOW!

DOWNLOAD THE APP 8 YPNEXTHOME.CA

From the $300s

Register at homeonpower.ca

New beginnings start at home.

Coming soon to Power & Adelaide.

There’s no feeling like a fresh start. Just steps away from the Distillery District, St. Lawrence Market, and a stone’s throw to the downtown core, Toronto’s cherished East End is your connection to the city, and the best place to begin each and every day.

Welcome home.

Prices, sizes and specifications subject to change without notice. Illustration is artist’s concept. E. & O. E. FEB 21 - MAR 4, 2017 | NEW CONDO GUIDE 9

contents JANUARY 21 – FEBRUARY 4, 2017 | VOLUME 21, ISSUE 2

20

ON THE COVER

M City:

Plans for Mississauga’s tallest building are on the horizon

+ online NEIGHBOURHOOD

HOME SEARCH

MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

MAPS

10 YPNEXTHOME.CA

builder profile

30 Concord

56 Lash Group of Companies

North York’s topmost luxury condo – Seasons

52 Marlin Spring

Catch the wave at WestBeach Condominiums

WITH

DYNAMIC

property profiles

LOOK FOR THE CIRCLE

68 Skyline Communities Resort-style living reimagined

Masterminding masterplanned communities

trending

24 Investor info

Condo rents up 20 per cent, highest level of growth ever recorded

33

Stat chat

Moving up and moving in: Another unbelievable year for Toronto condos

by Ben Myers

42 Fundamentally speaking When Hazel speaks...

by Wayne Karl

30

50 Mortgage matters Savings options for your down payment

52

by Alyssa Furtado

54 Tarion report

Trades strike continues to impact home building and buying

by Howard Bogach

inspiration

40 Interior Design Show The must-see list at IDS17

by Elisa Krovblit

44 Condo living

Floor-to-ceiling windows in a new light

by Tania Richardson

60 Designer advice

Seven luxe looks that won’t break the bank

by Yanic Simard

32

Urban development

GTHA mayors say proposed changes to Growth and Greenbelt Plans “unrealistic”

34 Finance

Secondary suites are the “new normal”

36

12

Why 2017 is a good year to buy a home

Mortgage

Why the urban/suburban debate rages on

by Lydia McNutt

58 Sales stats

Home sales rebound after new mortgage rules slow activity

62 Regent Park

by Kara Kuryllowicz

buyers’ resource section

by Joanne Keenan

74

Hot properties 905

75

Hot properties 416

BILD report

Building homes – and the opportunity to live, work and play

by Bryan Tuckey

17

Increase in mortgage fraud, “suspicious” applications

48 Location, location

neighbourhood profile

Do you have what it takes to succeed as a real estate investor?

advice

Homebuyers’ help

by Wayne Karl

38

64 Investor DNA

Condo pro

Benefits of buying pre-construction

by Barbara Lawlor

18

Legally speaking

Closing costs: Where does the money go?

by Jayson Schwarz

22 Home sweet home Housing affordability deteriorates... Again.

by Lydia McNutt

Previews, new releases and grand openings in the 905 Previews, new releases and grand openings in the 416

in every issue

02 Editors’ note 04 Contributors 86 Advertiser index 87

What’s online

district maps

76

Toronto and Waterfront

82 905 region

JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 11

Advice | BILD REPORT

Building homes – and the opportunity to live, work and play

By Bryan Tuckey

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THOUSANDS OF PEOPLE from across the GTA work in the building, development and home renovation industry.

Building and renovating homes involves a lot of different professionals and the industry is one of the largest employers in the GTA. In 2015, it employed more than 196,000 people in on-site and off-site jobs.

The industry spans beyond builders, developers, tradespeople and a variety of specialists including everyone from lawyers, marketers, urban planners and designers. Each construction crane you see represents up to 500 jobs.

The GTA is growing by up to 100,000 people each year and they need somewhere to live. As the need for new homes grows, so do the opportunities for people considering one of the many well-paying careers in building, development and renovation. Last year, people in the industry earned $11.4 billion in wages.

BILD’s 1,450 members come from across the industry and include companies that plan and prepare sites for development, manufacture and supply materials, and that assist purchasers in the home-buying process.

Every year, BILD recognizes excellence in the industry through a number of award programs. One of them is our Associate Awards, which recognize members for leadership, professionalism, innovation, and quality of service when working with 12 YPNEXTHOME.CA

Building and renovating homes involves a lot of different professionals and the industry is one of the largest employers in the GTA builders or renovators. Unlike other award programs, Associate Awards nominees are evaluated by their clients rather than a judging panel.

The Associate Awards recognize members in three distinct categories which reflect the diversity of our membership. They include Service Professional of the Year, Manufacturer or Supplier of the Year, and Trade Contractor of the Year.

This year’s Service Professional of the Year award was presented to Avid Ratings Canada for the second time in three years. The company helps members of the building industry enhance their custom experience by assisting with social media outreach, designing virtual tours and collecting data for surveys. One of their past clients even said there is no better firm in the industry.

The Manufacturer or Supplier of the Year award was bestowed upon Shipway Stair Ltd., a Burlingtonbased stairs and rails manufacturer.

The company received lots of praise from its clients, particularly when it came to its communications, products and service.

In the Trade Contractor of the Year category, N. De Luca Plumbing took home top honours.

The Vaughan-based plumbing company’s clients were very happy with how approachable, professional and hard-working their team is. This was the second year in a row that they won this award, and the third time since 2012.

I’m very proud to work in an industry where such a diverse group of professionals all work together to build complete communities in the GTA for people to live, work and play in.

Bryan Tuckey is president and CEO of the Building Industry and Land Development Association and a land-use planner who has worked for municipal, regional and provincial governments. Follow him on Twitter @bildgta, facebook.com/bildgta, and bildblogs.ca

COMING THIS SPRING A NEW LEADING LIGHT AT TORONTO’S WATERFRONT

THE NEWEST OPPORTUNITY TO LIVE AT DANIELS WATERFRONT The evolution of art, culture, and life on Toronto’s waterfront. Hot off the heels of the Lighthouse West Tower, Daniels welcomes Lighthouse East Tower at Daniels Waterfront – City of the Arts – an iconic, waterfront address, steps from Lake Ontario, Sugar Beach, gorgeous parklands, trails, dining, shopping, entertainment, and more. Experience life connected to the lake, the city, and the arts at Lighthouse East Tower.

Suites from the $300s REGISTER NOW lighthouseeasttower.com 416.221.3939

Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustration is artist’s concept. Specifications and prices are subject to change without notice. E.& O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited. Actual view may not be exactly as shown.

FEB 21 - MAR 4, 2017 | NEW CONDO GUIDE 13

WATB 50388 Condo Guide Ad_final.indd 1

2017-01-12 11:35 AM

14 YPNEXTHOME.CA

15

Home is closer than you think.

E ssentially Erin Mills.

Part of a master-planned condominium community in Mississauga, Mills Square will rise to the occasion, crafting a visually-stunning façade.

Steps from vibrant Erin Mills Town Centre and minutes from an array of urban amenities, discover the next name in downtown Erin Mills living.

Coming soon from the $300s.

R egister at pembertongroup.com Prices, sizes and specifications are subject to change without notice. E. & O. E.

16 YPNEXTHOME.CA

SkyCity Condos / Richmond Hill

We call it Pemberton.

SkyCity Condos / Richmond Hill

Downtown Erin Mills / Mississauga

Indigo Condominiums / Maple

Ten93 Queen West / Toronto

The Urban Townhome Collection / Toronto

All illustrations are artist concept.

Current Communities

Coming Soon

Everything a home should be.

The Pemberton difference isn’t simply in how we build. It’s in what you feel. The feeling you get when we’ve delivered exactly what we promised and everything you want.

A feeling that, while difficult to describe, feels overwhelmingly right. With decades of experience and a reputation for building truly exceptional condominiums in the Greater Toronto Area’s greatest communities, we invite you to experience the feeling yourself.

Learn more at pembertongroup.com

You call it a new year’s resolution.

the time is coming.

Condominiums coming to Front and Sherbourne.

R E G I S T E R N O W AT P E M B E R TO N G R O U P.C O M

Advice | CONDO PRO

Benefits of buying pre-construction

By Barbara Lawlor

MORE ADVICE ONLINE ypnexthome.ca/news/advice

DEPENDING ON WHEN in a condominium’s development process you purchase a suite, you will have to wait some period of time for your move-in date. If you purchase early from designs, you benefit from the optimum selection and, of course, the lowest prices. But the biggest advantage to buying early in the process is the equity you earn over the time span of construction, which can vary if weather does not cooperate, or unexpected labour or materials shortages occur.

Look on the bright side – your equity during this time can average as much as five per cent per year, which is quite attractive.

Another benefit of buying early in the process, especially for firsttime buyers, is having time to save additional money toward your down payment. I have known young professionals who have taken the equivalent of their maintenance fee and banked it each month to use toward the deposit. This provides the extra funds for the down payment and gets you used to budgeting for your eventual carrying costs.

In addition to saving money during your waiting period, you can make the most of the time by planning your finishes and furniture layout. You have room dimensions, so plan your colour schemes so that when you have your colour selection appointment, you will have a good idea of what will complement what. Look critically at your furnishings and accessories, and decide what to bring to your new home and what to give away or sell.

This is particularly appropriate for the more mature buyer. I have met several empty-nesters who spent years making the decision to sell their long-time family home and buy a condo suite. When they were finally sure they wanted to take advantage of carefree single-level living in a residence with wonderful amenities, they were actually happy to have time to make the transition psychologically, as well as physically.

They also appreciated the opportunity to pare down possessions gradually in preparation for occupancy. This may involve passing along family heirlooms to younger generations and figuring out which items will fit into your new living space.

Remember, too, that if you are among the first to move into your condo, you may have to wait a while before the building is totally complete.

The upper floors are finished after the lower ones, and some of the amenities may not be entirely ready for use. This is a similar scenario to moving into a house in a lowrise community where homeowners have to experience some dust and dirt before all the driveways

and landscaping are installed. A highrise condominium is built from the ground up, so keep that in mind if you see tradespeople going up and down on the elevators. Residents do receive things like snow removal, lawn mowing, concierge service and the like right away, which is a big part of what the maintenance fees cover.

Be realistic with your move, and be patient before and after you move in.

As you wait for your suite to be ready, you can use time to your benefit by becoming even more prepared for a wonderful move-in day.

Enjoy the wait, and remember that your investment will most likely increase in value by the time you move in. Whether you buy from plans when the sales office opens, an inventory suite when the condo is complete, or any time in between, the main thing is that the timing is right for you.

Barbara Lawlor is president of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condominium developments in the GTA and overseas.

JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 17

Advice | LEGALLY SPEAKING

Closing costs: Where does the money go?

By Jayson Schwarz

MORE ADVICE ONLINE ypnexthome.ca/news/advice

AT THE CLOSING of a new residential

real estate transaction there are usually three groups who get paid: the builder, various governments, and the lawyer. Each group involves the payment on fairly specific items, and the builder and your lawyer will collect from you for the government remittance.

Generally speaking, your lawyer collects all of the necessary money from your mortgage company and from you. You will need certified cheques, bank drafts or cash, because of your lawyer’s trust account requirements.

Here’s how the builder gets paid, and where all the money your lawyer wants, needs to go.

The builder will get paid the purchase price of the property less the deposit, plus certain other things. You may even get a credit for certain items, called adjustments.

The adjustments will be reflected on a document called the Statement of Adjustments which contains a multitude of details, all related to your original agreement.

The Statement of Adjustments will include the HST payable (the rebate will be broken out), the original purchase price on the property, real estate taxes, hydro expense, common expenses and maintenance fees (as applicable), connection costs, levies and charges, to name but a few. This document is incredibly important.

Review it carefully and get everything 18 YPNEXTHOME.CA

explained to you, so you understand all the charges that you are required to pay. It is at this point that you find out the final number you are paying to the builder for your new home.

The Ontario government and the City of Toronto will get paid for Land Transfer Tax, unless you are entitled to the rebate or exemption, and sales tax on goods (if applicable).

There are many other items, but they usually show up on your lawyer’s disbursement account or trust reconciliation, as do the many of the municipal compliance request charges.

Okay, now what about that lawyer?

First of all, you are going to pay the legal fee, whatever the amount the two of you agreed to. You did of course have a pre-agreed fee, didn’t you? Then there is a list of disbursements. Disbursements are those monies expended by your lawyer on your behalf necessary

to properly search and close the transaction. Be careful – it is here that someone may try to take advantage of you by charging large fax, mail and photocopy fees. Have your lawyer justify all expenditures that don’t make sense. Disbursements include registration charges, title insurance, couriers, searches of all kinds, and many other items necessary to close your transaction.

Remember, a large part of your closing costs are based on what you negotiate at the beginning of your purchase, and are outlines in your Agreement of Purchase and Sale.

Please remember, only a lawyer can provide legal service – that is the law!

Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit schwarzlaw.ca or email info@schwarzlaw.ca and give us your questions, concerns, critiques and quandaries.

17-0011 M CITY CONDO GUIDE AD JAN21_FINAL_OL.pdf

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2017-01-16

5:13 PM

Property Profile | M CITY

cover story

Rogers Real Estate Development Limited reveals plans for

SOARING 60 STOREYS from the corner of Burnhamthorpe

Road and Confederation Parkway, M City’s flagship tower will emerge as the defining landmark of Mississauga’s downtown core and the city’s tallest building. The first of 10 towers in a $1.5 billion, master-planned community, M City will leave an indelible mark on Mississauga’s skyline in both scale and design, further burnishing the reputation of a city that is rapidly urbanizing.

“Mississauga has reached an inflection point and we recognize that we have a significant role to play in how this city continues to evolve,” says Edward Rogers, whose family’s private holding company, Rogers Real Estate Development Limited, is the owner of the project. “This is a once-in-a-lifetime opportunity to play an active role in 20 YPNEXTHOME.CA

shaping the future of a city.”

Urban Capital Property Group, a boundary-pushing developer, was selected to lead the development of the first phase of M City, having first assisted Rogers Real Estate Development Limited over the past several years to win the City of Mississauga’s approval of the master plan for the whole 15-acre community.

Conceived by CORE Architects, who won a design competition for the project, M City’s undulating geometry results from a unique application of seven floor plates that twist the building as it rises. It’s a continuation of a new era of design that was first introduced to Mississauga with Absolute Towers.

“Mississauga’s ambition served as our motivation. The

RENDERING CREDIT: BRICK

Mississauga’s tallest building

Location

Downtown Mississauga Builder

Rogers Real Estate Development Ltd. & Urban Capital Property Group Development

M City Home Type

784 condo units from 400 to 1,300 sq. ft.

Contact

905.232.0552 mcitycondos.com

city is carving out a special portion of Burnhamthorpe Road that houses Celebration Square, The Living Arts Centre, Square One and the LRT, and turning it into a memorable downtown core. We wanted to address this nascent urbanism, recognizing that M City plays a vital role in the formation of an urbanized centre,” says Babak Eslahjou, who is leading the design team on behalf of CORE Architects.

All amenities, common areas and suites for the project were crafted by the award-winning interior design firm Cecconi Simone, who drew inspiration from the architecture’s fluid form and dynamic geometry.

“It was important that the interiors

and amenities achieved the same attributes as the architecture: fluidity, movement, excitement. Floor finishes wrap up walls, planes are folded and twisted, sunlight and artificial light are manipulated to enhance the spaces,” says Elaine Cecconi, partner, Cecconi Simone.

Future residents are treated to a four-season outdoor amenity space.

On hot summer days families can cool down at the kids’ play zone and splash pad or poolside on chaises under umbrellas. In the winter, the amenity terrace transforms into a rooftop skating rink – a first for the GTA. Interior amenities include a chef’s kitchen and dining room, small and large lounges, a kids’ lounge with

games and play zone, gym and yoga/spinning rooms. Spaces can be compartmentalized for private functions or left open for optimum flexibility.

All suites are efficient and highly livable, planned with the resident in mind. Urban, chic designs offer streamlined kitchens that are sleek and clean with integrated appliances and custom designed cabinetry.

“An iconic project of this caliber would find success in any urban centre in any country,” says Mark Reeve, partner, Urban Capital Group. “From the striking design to the sophisticated interiors, and our future-proofed approach to integrating technology, we are raising the bar with each facet of this project.”

“When it comes to M City, we want to set your expectations higher,” adds Edward Rogers.

M City is Mississauga’s tallest tower at 60 storeys, with 784 units ranging from 400 sq. ft. to 1,300 sq. ft. Onebedroom, one-bedroom-plus-den, two-bedroom and two-bedroomplus-dens are available starting from $199,900 to over $700,000. Register online at mcitycondos.com or call 905.232.0552.

JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 21

Advice | HOME SWEET HOME

Housing affordability deteriorates in Canada... Again.

By Lydia McNutt

MORE ADVICE ONLINE ypnexthome.ca/news/advice

SKYROCKETING HOME PRICES

dominated the headlines in 2016, and it’s no surprise that housing unaffordability remains the news of the day as we kick off 2017.

Affordability hit an eight-year low in the third quarter of 2016, according to the latest Housing Trends and Affordability Report issued by RBC Economics Research.

Despite the new mortgage qualification rules and policy changes in BC, which had an overall cooling effect on Canada’s housing markets, RBC reports that housing affordability has continued to deteriorate.

RBC’s housing affordability measure rose for the sixth consecutive quarter nation-wide – up 1.3 percentage points to 44.3 per cent. The higher the measure, the worse the affordability. Leading the pack once again, single-detached homes rose by 1.3 percentage points to 49.4 per cent, followed by condos, up 0.8 percentage points to 35.6 per cent.

To put these numbers in perspective, when you’re applying for a mortgage, lenders combine your total housing costs and calculate what percentage they are of your gross monthly income, known as your Gross Debt Service ratio (GDS).

Under the new mortgage rules, your Gross Debt Service (GDS) ratio – total housing costs including mortgage, property tax and heating – must not exceed 39 per cent of your gross income. The Total Debt Service (TDS) ratio, including total housing costs plus 22 YPNEXTHOME.CA

“New mortgage insurance rules may help affordability over time, but 2017 is likely to see a tug of war between these market-cooling policy measures and rising longer-term interest rates, pulling affordability in opposite directions.” any other debt payments, must not exceed 44 per cent.

What does this mean? Canadians dreaming of a single-detached, two-storey life should expect to shell out 49.4 per cent of their pre-tax income – providing they earn at least an “average” income. This leaves a 10-per-cent gap between the actual cost of home ownership and Ottawa’s new GDS ratio of 39 per cent.

Add to this taxes, living expenses and other debts, and that doesn’t leave much for your rainy-day fund, never mind retirement savings.

To afford a home, Canadians will need to increase their income, or decrease their housing budget – and expectations.

Today, more than ever, creating a realistic budget is key. This will be your first step on the road to home ownership – before you start making your wish list. Your budget will define what area you can afford to live in, the type of home, and the lifestyle you’ll lead long after your offer is accepted and your boxes unpacked.

Determine what you can comfortably afford. This doesn’t mean the mortgage amount you’ve been pre-approved for. Calculate your monthly mortgage payments, property taxes and utility costs. Then, add your other expenses: student loans, car expenses and daily costs like groceries, clothes, medical/dental and the like. Do you have kids, or are you planning to? And don’t forget about your retirement savings!

Only now can you think about the home itself. Really think about it. Who says the key to happiness is a 2,500-sq.-ft. detached house?

Maybe your lifestyle is better suited to an urban condo, where you may not need a car – and its associated expenses. Weigh the pros and cons, then decide. The perfect home is out there. Maybe you’ll just have to explore some different definitions of “home” to find the right one.

“The third quarter could be a turning point toward improving affordability in the Vancouver area in light of a recent easing in detached home prices, but further deterioration is likely to occur in the near term in Toronto,” according to Craig Wright, RBC’s chief economist.

“New mortgage insurance rules may help affordability over time, but 2017 is likely to see a tug of war between these market-cooling policy measures and rising longer-term interest rates, pulling affordability in opposite directions. The net effect of this on the costs of owning a home is unclear at this point.”

Lydia McNutt is an award-winning writer and the editor of New Condo Guide.

Lydia’s love of architecture, interior design and the written word have landed her happily at YP NextHome, where real estate rules. Lydia can be reached at Lydia.McNutt@ypnexthome.ca, and follow her on Twitter @LydiasTweets

Trending

Condo rents up 12 per cent Highest level of growth ever recorded GTA CONDO LEASES FELL two

per cent to 26,602 units in 2016, according to the latest condo market analysis from Urbanation. This marks the first annual decline recorded by the real estate consulting firm since tracking started in 2011. Urbanation attributes the drop in rental activity to occupancy delays for condos under construction, less rental turnover of existing stock, and an increase in resale activity.

Meanwhile, applications for new purpose-built rental development reached 27,812 units, an increase of 7,586 units in the past three months.

Despite a 34-per-cent yearover-year surge in final closings for newly completed condos in the fourth quarter of 2016, total rental listings fell by eight per cent, pulling down lease volumes by four per cent annually. With resale prices for condos up 15 per cent over the same period, more owners have become enticed to sell their units as opposed to holding onto them as rentals. At the same time, existing tenants have become less willing to move due to the high cost of renting in the open market. The share of the total inventory of condos that was leased last year declined to 8.5 per cent from 9.3 per cent in 2015, while the share of total units resold jumped from 7.1 per cent to 8.1 per cent.

The average price of condo rents rose by 11.7 per cent year-over-year in the fourth quarter – the highest level of growth ever recorded

by Urbanation, and a dramatic acceleration from the 4.2-percent increase recorded one year ago. Part of the increased rate of

24 YPNEXTHOME.CA

growth was caused by a shift in lease activity to the former City of Toronto and relatively high rents achieved within newly completed buildings.

Nonetheless, same sample rents grew by a significant rate of 7.3 per cent, as the average days on market dropped to 13 — down a full week from this same time last year.

“The under-supply of rentals in the GTA continued to worsen throughout the year, causing rents to surge alongside home prices and further deteriorating housing affordability across the region,” says Shaun Hildebrand, Urbanation’s senior vicepresident. “While less pressure on rent growth may arrive in 2017 due to a temporary rise in new apartment completions, it’s become clear that more attention needs to be paid to building rentals over the longer-term.”

Condo rental market overview Average rents reached a record $2.77 per sq. ft. in the fourth quarter of 2016 based on an average unit size leased of 719 sq. ft., equaling an average monthly cost of $1,990. Former City of Toronto rents averaged $2,134 ($3.13 per sq. ft.), while the Toronto suburbs of Etobicoke, North York and Scarborough averaged $1,857 ($2.47 per sq. ft.) and the 905 region averaged $1,739 ($2.22 per sq. ft.).

Rents were up 12 per cent across most in the former City of Toronto, versus seven per cent in the Toronto suburbs and six per cent in the 905 region.

Purpose-built Rental Survey Urbanation’s survey of purposebuilt rental apartment projects

“The under-supply of rentals in the GTA continued to worsen throughout the year, causing rents to surge alongside home prices and further deteriorating housing affordability across the region.” completed across the GTA since 2005 (49 buildings totaling 8,484 units) reported a vacancy rate of 0.6 per cent, down from one per cent last year. The availability rate (units that are vacant plus those where the tenant has given notice) was 1.6 per cent, the lowest level recorded in the past two years. Rents across the sample averaged $2.49 per sq. ft., up five per cent annually. The inventory of purpose-built projects under construction totaled 22 buildings and 5,133 units in the fourth quarter of 2016, down by 183 units from the previous quarter and down 1,037 units from a year ago. The total inventory of proposed purpose-built rentals increased to 27,812 units, nearly three times the number tallied a year ago.

MORE TRENDING ONLINE ypnexthome.ca/news

FEB 21 - MAR 4, 2017 | NEW CONDO GUIDE 25

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FEB 21 - MAR 4, 2017 | NEW CONDO GUIDE 27

Property Profile | CONCORD

A landmark of consummate living

North York’s topmost luxury condo – Seasons

A MASTERFUL FUSION OF FORM AND FUNCTION. A showcase of stature. Seasons is one of North York’s topmost luxury condos.

Here’s why:

Location, luxury, location Situated in the enviable neighbourhood of Leslie Street and Sheppard Avenue in North York, Seasons is a residence symbolizing status. Here, surrounded by multi-million dollar homes in the very heart of Toronto, you are at the epicentre of indulgence and abundance, with dining, shopping and year-round recreation, both indoors and out. All you require or desire is at your doorstep, just up the road, or a quick trip via highway, subway or GO train.

Luxury from the ground up Like the world’s finest manors, Seasons is fronted by lush grounds, landscaped for pleasurable pursuits every day of the year. The eight-acre oasis features floral displays, fragrant shrubs, a sports field and playground. Arrive at Seasons in regal fashion through a tree-lined boulevard opening onto the circular plaza, with a shimmering pool skirting the pathway to your grand courtyard entrance. Wish upon the mirror pool in summer. Skate the ice pond come winter. Rarely is such splendour at your threshold.

Mega luxury and leisure Life at Seasons is made all the more pleasurable with privileged 30

access to the amenities at MegaClub, complete with basketball, volleyball, tennis and badminton courts, indoor bowling, lawn bowling, golf putting green, swimming pool, gym, yoga zone, dance studio, wine tasting lounge and tea room, as well as a kids’ splash pool and play corner. The pampered lifestyle is in every detail, including a touchless car wash to keep vehicles sparkling clean and an automated wheel wash to quickly rinse away salt.

High-speed charging stations are also available for electric vehicles.

Luxury from start to finishes State-of-the-art is the Seasons gold standard for connoisseurs of flawless taste and effortless ease. Room decor features premium fixtures, imported marble, smart thermostats and roller shades. Appliances are top-of-the-line, including Miele, a European brand renowned as the world’s highest-quality manufacturer for more than a century. Seasons integrates the latest Miele technological innovations to elevate dining to a culinary art.

Presented by Concord, Seasons Upper House is a limited edition of the most coveted top-tier suites with skywide views. To secure your appointment to the exclusive VIP sales event on January 29, call 416.813.2999 now.

JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 31

Trending

GTHA mayors say proposed changes to Growth and Greenbelt Plans “unrealistic” THERE IS AN OVERWHELMING

consensus among the Greater Toronto and Hamilton Area (GTHA) mayors and chairs that the province is going “too far too fast” with proposed land use policies for the Golden Horseshoe.

Former Mississauga Mayor Hazel McCallion has submitted a report to Premier Kathleen Wynne based on the recent GTHA Mayors and Chairs Summit on the Province’s Proposed Growth Plan for the Greater Golden Horseshoe and Greenbelt Plan. While the municipalities they represent are very different, McCallion says the mayors and chairs spoke almost with one voice on a broad range of issues.

“One thing that was made very clear by the mayors and chairs is that the province’s proposed amendments to the Growth and Greenbelt Plans are too much too fast, with an unrealistic one-size-fits-all approach. Growth has and will continue to come to the GTHA and accommodating it will be an expensive undertaking, so it is important that the province listen to the different municipalities on how to get it right,” says McCallion, who is credited with building the City of Mississauga.

The renowned former mayor is now the ex-officio advisor to the premier on issues within the GTHA. The 28-page report details the GTHA mayors and 32 YPNEXTHOME.CA

chairs’ concerns and recommendations with regard to the land use plans, which form the policy framework for managing growth, building complete communities, curbing sprawl and protecting the natural environment in the Golden Horseshoe. The challenge is how to accomplish all of those goals, while accommodating an anticipated increase in population in the GTHA of four million people over the next 25 years.

Specific areas of concern include: the proposed increase in the intensification rate and density target, the lack of financial planning and consideration for economic impacts, the lack of alignment with transportation and other infrastructure plans, the lack of a transition plan to accommodate municipal planning work already underway, and the lack of a clear process to address adjustments, removals and additions to the Greenbelt.

“Intensification requires infrastructure and service capacity, or having the necessary funds to build it. Lands in the Greenbelt with infrastructure must be reviewed so that the millions of dollars of infrastructure investments made by municipalities and the province don’t get wasted,” says McCallion.

“And, we need to be sure all lands

that should be protected, be added to the Greenbelt.”

McCallion says the growing lack of affordability in the GTHA is of concern and will have a domino effect, negatively impacting the GTHA’s ability to attract economic growth and thus its financial capacity to support needed transit and infrastructure improvements.

“The government of Ontario cannot be seen to be contributing to onerous financial burdens on the GTHA municipalities and taxpayers, or to the overall lack of affordability and livability in the GTHA by imposing hurried and ill thought out policies,” says McCallion. “The province needs to slow down and get the details right on how we’re going to implement new policies and accommodate the inevitable growth.”

McCallion says premier Wynne has demonstrated a genuine interest in hearing from the mayors and chairs, and the recommendations in her report can go a long way to making the Growth and Greenbelt Plans stronger, more viable, more affordable and more effective.

McCallion says she hopes the province will work with the municipalities and implement the report’s recommendations before the plans are finalized.

THE RENAISSANCE OFF YONGE HAS BEGUN. CULTIVATE YOUR LIFESTYLE IN THE GARDEN DISTRICT. Fleur, a Menkes condominium, mingles with the community to create a building of modern design set amidst historical ambiance, purposefully poised to become the most fashionable address in the city.

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Advice | STAT CHAT

Moving up and moving in: Another unbelievable year for Toronto condos

By Ben Myers

MORE ADVICE ONLINE ypnexthome.ca/news/advice

LAST YEAR, construction was completed on 17,538 new condominium apartments in the Toronto Census Metropolitan Area (CMA), and people moved into 18,450 new condos in 2016! What? You read that right. Almost all of the highrise units completed in 2016 were sold and occupied, but another 900 that were not sold at the end of 2015 found new owners and occupants in 2016. Demand is clearly exceeding supply.

Those might seem like big numbers, but keep in mind, there were 32,822 new condominium completions in 2015 in the Toronto CMA, according to Canada Mortgage and Housing Corp. Fewer completions meant less new supply hitting the resale market, resulting in people bidding up the prices of the listings that were available.

The Toronto Real Estate Board reports that the average GTA condo apartment traded for over $440,000 in December, an increase of 16.5 per cent annually. Nobody saw that jump coming.

Prospective purchasers who were frustrated with the lack of options are now turning to the pre-construction new condominium market.

Condominium market research firm Urbanation indicated that about 50 per cent of the buyers of new GTA condos were domestic investors in 2016 based on their survey results.

This is actually down from a high of close to 70 per cent in 2011 at the

peak of the new highrise market.

End-users are electing to buy a new condominium, deciding instead to wait a couple of years as their project gets built to ensure they get what they want in the future, instead of compromising on a resale unit today.

Early forecasts are calling for another solid year for the GTA new condominium market in 2017, with economist Will Dunning forecasting 17,800 new sales and 22,200 new construction starts, so don’t expect to see fewer cranes in the sky this year.

Despite the positive statistics, you may still be on the fence about joining the homeowner ranks.

Here is another statistic to take into consideration: 91 per cent of Canadians are happy with their decision to buy a home, according to a recent survey by Mortgage Professionals Canada (MPC). The survey also showed that just two

per cent of homeowners regret their decision to own a home. That rate falls to one per cent for people who bought before 1990, keeping in mind the massive housing crash that occurred in 1989.

MPC also found that people treat their place of residence as a place to live (73 per cent) and an investment (27 per cent), but I think you should increase the share of the former. Buy where you can see yourself living for five years or more, and buy a condominium and truly make it your home. Good luck and happy condo hunting!

Fortress Real Developments partners with builders across Canada, and Ben assists in evaluating the market and projects that Fortress engages in.

Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments.com/news or follow him on Twitter at @benmyers29.

JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 33

Trending

Secondary suites are the “new normal”

MORE TRENDING ONLINE ypnexthome.ca/news

By Sonia Bell

WITH THE COSTS OF buying and maintaining a home on the rise, Canadians are increasingly relying on secondary suites to help mitigate the costs of home ownership.

According to a new report by Mortgage Professionals Canada, Canadians who purchased their home within the past two years reflect a “new normal” in the Canadian housing market. Thirty-four per cent of first-time buyers think it’s important to generate income from their properties, and 13 per cent of homeowners undertook renovations to add space for a rental unit.

The report contains data obtained from various sources, including an online survey of 2,000 Canadians.

According to the respondents, current homeowners renting a secondary suite indicated that it was a necessity, with 24 per cent stating, “I need to rent a room/unit in my home to afford my mortgage,” and 15 per cent acknowledging that they “would have to make major lifestyle changes if [they] did not have rental income.”

“Creating income remains a useful tool for first-time homebuyers,” says Paul Taylor, president of Mortgage Professionals Canada. “People are looking for ways to make owning a home more affordable. Generating income allows them to reduce their mortgage more quickly.” Each year more than one-third of mortgage holders take actions that will shorten their amortization periods, such as creating and renting a secondary suite. For homes purchased between 2014 and 2016, the average

contracted amortization period is 22.4 years. The most recent buyers expect that, on average, they will repay their mortgages in 18.8 years, which is 3.6 years shorter than their average contracted period.

There are multiple factors contributing to this “new normal.”

Of course, rising house prices, especially in hot markets like the Greater Toronto area, have put added pressure on first-time homebuyers to save a larger down payment.

Moreover, the new mortgage stress test implemented in October 2016, which has a benchmark rate of 4.64 per cent (far and above today’s actual interest rates), means plenty of prospective homeowners will either have to lower their budget, or continue saving.

“It is too soon to measure the impacts of this policy change,” says Will Dunning, chief economist at Mortgage Professionals Canada and author of the Annual State of the Residential Mortgage Market in

Canada report. “The survey finds that among potential homebuyers who expect to be subject to that test, their ability to buy a home will be impaired. As a result, they also expect that there will be negative impacts in the overall housing market and in the broader economy.”

Homebuyers are seeking various avenues to achieve their down payment. Personal savings is still the primary source of their down payments, but homebuyers are more likely now than ever before to rely on other sources, including loans from financial institutions and withdrawals from RRSPs (via the Home Buyers’ Plan). There is also a larger dependence on the “Bank of Mom and Dad,” where new homebuyers receive funds from parents and family members who have enjoyed rapid increases in their home values in the past decade and a half, affording them the ability to assist their children.

Sonia Bell is the digital editor at Yellow Pages NextHome with the inside scoop on what’s trending in real estate, renovation and décor. She has her Masters in Communications, specializing in media, and loves writing about all things real estate.

34 YPNEXTHOME.CA

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FEB 21 - MAR 4, 2017 | NEW CONDO GUIDE 35

Trending

Why 2017 is still a good year to buy a home

By Wayne Karl

CANADA’S VARIOUS HOUSING markets

were regular headline newsmakers last year, and not always for the most positive reasons, from skyrocketing prices in Vancouver and Toronto, to continuing soft conditions in Alberta, to yet further mortgage rule changes courtesy of the federal government.

All of it makes for a growing list of challenges for prospective homebuyers, and might discourage some to delay their purchase.

Rest assured, however, there are reasons why 2017 is still a good year to buy a home. (One important caveat, though: If you can afford it.)

1 | A pause for the cause Slowing price growth in Toronto and Vancouver is actually a positive development for would-be buyers.

Spared from year after year of double-digit home price growth, purchasers will no doubt appreciate a pause, as it may crack open a window of opportunity for them to buy.

Affordability is a serious concern in these two markets. Underlining the matter was a warning from Canada Mortgage and Housing Corp. (CMHC) in October which highlighted that most Canadian housing markets were overvalued, and price growth was to slow through 2018. Home prices have risen ahead of economic fundamentals such as personal disposable income and population growth, CMHC says, resulting in overvaluation in many markets.

For the GTA, specifically, resale home sales hit a record high in 2016 for the second consecutive year, according to the Toronto Real Estate Board (TREB).

“A relatively strong regional economy, low unemployment and very low borrowing costs kept the 36 YPNEXTHOME.CA

MORE TRENDING ONLINE ypnexthome.ca/news

demand for ownership housing strong in the GTA, as the region’s population continued to grow in 2016,” says TREB president Larry Cerqua.

The overall average price for 2016 was $729,922 – up 17.3 per cent over 2015. The pace of growth also accelerated through the year, including a climb of 20 per cent in December.

On the new home front, lack of supply continued pushing the average price of single-family homes and highrise condos in the GTA to unprecedented levels in November 2016, according to the Building Industry and Land Development Association (BILD).

The average price of new detached homes in the GTA hit $1.23 million in November, up 27 per cent from the previous November. In new condos, the average price rose 10 per cent to $493,137. Some attribute rising prices to low supply and high demand.

Personal finance guru Gail VazOxlade has a slightly different view.

It’s not lack of supply that’s driving prices up, but rather a shortage of grey matter. “(Supply) is not what is pushing new homes to record prices – stupidity is,” she wrote in a recent Twitter exchange. “#MoreMoneyThanBrains.”

Easy credit, CMHC mortgage backing and “banks’ greed” are the real causes, she says. A significant

market correction might be the only solution, “but that’ll just leave a whole lot of people upside down.”

We’ll take a pause for the cause, instead. The Canadian Real Estate Association provides one, in the form of its average price forecast for this year. For BC, it sees prices in Vancouver falling 7.8 per cent, compared to 8.1 per-cent-growth in 2016. For Ontario, it foresees prices climbing just one per cent, versus shooting up more than 15 per cent last year.

“There will certainly be opportunity for first-time buyers in both markets,” ReMax Vice-President Elton Ash told New Home Guide. “The challenge will be in the higher qualification rates for high-ratio mortgages. Once firsttime buyers reset their affordability expectations, they will see price advantages in buying in 2017.”

2 | Ottawa is in your corner – really The latest mortgage rule changes introduced by the federal government late last year were intended to stabilize “overheated” housing markets, mostly in Vancouver and Toronto, slow home price growth and keep mortgage indebtedness under control.

What the changes also do, however, is make it more difficult for young Canadians to take that important first home-buying step.

Homebuyers who apply for a highratio mortgage (less than 20 per cent down payment) now have to undergo a “stress test” by qualifying at a rate (4.64 per cent) you may not even actually have to pay (if you qualified for a mortgage at some of the current better rates, say 2.5 per cent).

These changes may mean that your buying power is reduced, but it’s for your own good. The stress test is intended to assure lenders – and yourself – that you could still afford your payments if interest rates rise.

In other words, the changes are intended to protect you from the “stupidity” (Vaz-Oxlade’s words) of borrowing more easy money than you should.

You can also look forward to Ottawa releasing the National Housing Strategy some time in 2017.

It is intended to address multiple and varied issues, from affordable housing to rental markets to home ownership, and execute a vision that is equitable across differing economies, markets and conditions.

It’s a tall order, indeed. Such complex and far-reaching challenges are why some critics are skeptical that Ottawa can deliver anything meaningful in the strategy.

But we’ll take a more positive outlook. Canada has never had a national strategy, and given the growing importance – and challenges – of housing, only good can come from the process.

3 | Economic mettle Canada has proven its economic mettle time and time again over the last several years. In its Financial System Review in December, the Bank of Canada says the Canadian financial system remains resilient, as the nation’s economy improves.

The proof is in the pudding, in the way of Statistics Canada’s Employment Report from December, which says employment rose by 54,000 for the month, with the unemployment rate at 6.9 per cent.

For the fourth-quarter of 2016, employment increased by 0.6 per cent – the largest increase since the second quarter of 2010. For 2016 as a whole, employment gains totaled 214,000 or 1.2 per cent, compared to 0.9-per-cent growth over the same period a year earlier.

Just a bunch of numbers, right?

Not exactly. Housing markets can’t thrive without a strong economy.

Economic growth leads to employment growth, wage growth, and greater consumer confidence – which all lead to buying homes and household goods.

4 | Alberta rebound Housing markets in Calgary and Edmonton remained relatively stable in 2016, with moderate declines in sales and average prices as a result

of the extended recovery of the oil sector.

The average residential sale price in Edmonton decreased by two per cent year-over-year, while in Calgary it dropped by four per cent, according to ReMax. Buyer activity is expected to pick up slightly in the second half this year, with improving employment opportunities in the oil sector.

For the province as a whole, the Canadian Real Estate Association says 2016 and 2017 will finish up largely flat in terms of price growth – but this is actually an improvement over a 1.9-per-cent decline in 2015.

Alberta, no doubt, will take it.

The consensus is that real estate in the province is poised to begin to rebound in the second half of 2017.

On the new home front, housing starts – an important sign of economic health – are starting to rise.

“A member survey showed home starts are expected to rise a modest 5.7 per cent in 2107,” Donna Moore, CEO of Canadian Home Builders’ Association – Alberta, told YP NextHome. “That optimism likely reflects gains of almost 50 per cent in oil prices last year that are raising consumer comfort levels after a couple of tough years for the economy.”

5 | Interest rates Vaz-Oxlade’s concerns notwithstanding, it’s fair to say Canadians have benefited from the prolonged period of low interest rates. Most experts don’t see any significant change here for 2017, though some lenders recently inched up rates on some mortgage products.

“It’s no secret that fixed mortgage rates are closely correlated with bond yields,” says Andrew C. MacDonald, a client account manager at Torontobased Calum Ross Mortgage. “We’ve already seen an upward movement in bond yields from historical lows, and most lenders have started to raise interest rates slightly, as a result. The good news is rates are still hovering just above historical lows, which makes now a great time to purchase a home.”

JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 37

Trending

Increase in mortgage fraud, “suspicious” applications THE LATEST DATA FROM credit reporting agency Equifax Canada suggests high-risk and suspected fraudulent mortgage activity is on the rise noting a 52 per cent increase in suspected fraudulent mortgage applications since 2013.

According to data from Equifax’s enterprise fraud management solution, ‘Falsified Account Statements’ and ‘Falsified Documents’ were the most prominent application tags, as reported by investigators. The other was ‘Conflicting Information’.

Of those applications flagged, 67 per cent were from Ontario while the next highest was 12 per cent from B.C. Equifax also conducted a survey to chart the attitudes and perceptions of Canadians with respect to the current housing market. One-infive Canadians, who do not have a mortgage, indicated they are nervous they will never own a home because of rising prices and want to buy a home but can’t because of the down payment.

“We’re certainly seeing more mortgage applications being flagged as suspicious by our reporting institutions,” said Tara Zecevic, vice-president, Customer Insight at Equifax Canada. “While we cannot entirely attribute these increases to consumers overstating personal income or falsifying applications, we do want to remind people that there are serious consequences for making false or inaccurate claims on any loan or mortgage applications.

Not only will it stretch your finances, it is in breach of your contractual

38 YPNEXTHOME.CA

obligations with the lender, and simply put, it’s against the law.”

Little white lies With respect to mortgage fraud, the results of the recent Equifax survey showed: 13% of Canadians indicated they felt it was okay to tell ‘a little white lie’ when applying for a mortgage to get the house they want.

16% said they believe mortgage fraud is a victimless crime

“There are serious consequences for making false or inaccurate claims on any loan or mortgage applications. Not only will it stretch your finances, it is in breach of your contractual obligations with the lender, and simply put, it’s against the law.”

8% admitted to misrepresenting the facts on a credit or loan application The cost of buying a home When asked about housing prices, the results of the recent Equifax survey showed: 84% believe that the cost of home ownership is too high for first-home buyers today Nearly 30% of Canadians cite ‘more demand than supply’ (29 per cent) and ‘foreign buyers’ (27 per cent), as the main factors driving up home prices BC residents (compared to other provinces) were significantly more likely to cite foreign buyers as the top reason for home prices being driven up (75% versus 42% for all other provinces, respectively) Examining trust When asked about who they trust

in the home-buying experience, the survey showed: 44% of Canadians trust real estate agents the least during the homebuying experience About 25% also distrust homeowners (27 per cent) and home inspectors (26 per cent) 20% distrust mortgage brokers, another 16 per cent don’t trust their bank and equally 16 per cent have little trust in their insurance agent 9% said they trust all professionals involved in the home-buying experience

MORE TRENDING ONLINE ypnexthome.ca/news

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Advice | FUNDAMENTALLY SPEAKING

When Hazel speaks…

By Wayne Karl

MORE ADVICE ONLINE ypnexthome.ca/news/advice

WHEN HAZEL MCCALLION RAN the City of Mississauga from 1978 to 2014, and she spoke, people generally listened.

You don’t get to become Canada’s longest-serving mayor, credited with largely building an entire city, without carrying a little weight.

Now, in a different though equally important capacity, as ex-officio advisor to Ontario Premier Kathleen Wynne, she’s speaking out on the province’s Proposed Growth Plan for the Greater Golden Horseshoe and Greenbelt Plan (read more on pg. 32).

Add to her voice that of the mayors of Markham, Richmond Hill, Whitby, Milton, Hamilton and other cities, and that of the chairs of the Peel, York and Durham regions, and you have a thundering chorus ringing throughout the Greater Toronto and Hamilton Area (GTHA) that Wynne cannot possibly ignore.

At issue are the province’s proposed land use policies for the Golden Horseshoe. There is overwhelming consensus among the GTHA leaders that the province is going “too far, too fast” with its intensification policies.

The result, or at least among the most notable for homebuyers, is ill-planned development with the end product being eroding housing affordability.

McCallion says the growing lack of affordability in the GTHA is of concern and will have a domino effect, negatively impacting the GTHA’s ability to attract economic growth and thus its financial capacity to support needed transit and 42 YPNEXTHOME.CA

infrastructure improvements.

“Intensification requires infrastructure and service capacity, or having the necessary funds to build it,” says McCallion. “Lands in the Greenbelt with infrastructure must be reviewed so that the millions of dollars of infrastructure investments made by municipalities and the province don’t get wasted.”

Following a summit last September, the GTHA mayors and chairs recently produced a 28-page report detailing their concerns and recommendations for managing growth, building complete communities, curbing sprawl and protecting the natural environment in the Golden Horseshoe. The central challenge is how to accomplish these goals, while accommodating an anticipated increase in population of four million people over the next 25 years.

Among the highlights: » Transportation master plans and servicing infrastructure mapping and considerations are incomplete and insufficient to support the proposed density target and intensification number. » A lack of consideration to the financial and economic

implications of the proposed growth plans for municipalities and regions, and how the plans will be financed. » Lack of an open and transparent review process with clear criteria to review Greenbelt lands and boundary adjustments.

The Building Industry and Land Development Association (BILD) has been relaying similar messages and concerns for years.

“With its proposed changes to the Growth Plan and Greenbelt Plans, it’s clear the government of Ontario is not concerned about the price of housing in the GTA,” BILD president Bryan Tuckey wrote in a recent column in New Condo Guide.

Finally, there is now another large, important voice.

Let’s see if Wynne is listening. If not, Ontario voters and rate payers may be the next ones to chime in.

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics you need to examine when buying property. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at twitter.com/ WayneKarl.

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Inspiration

FLOOR-TO-CEILING WINDOWS

IN A NEW LIGHT

By Tania Richardson

FLOOR-TO-CEILING WINDOWS in today’s condo market are pretty common. We get caught up with the amazing light and view they provide, but we often overlook how this architectural element can create a cold and stark contrast to this cosy space you want to call “home.”

Here’s why window coverings are essential, and how you can use them to soften the bold contrast of architectural glazing (windows).

Access your needs Floor-to-ceiling windows in condos provide a fantastic 44 YPNEXTHOME.CA

light source, spectacular views and access to the outdoors from our urban oasis. When buying your condo, it’s important to assess your lifestyle and the realities of the unit. From there, you can determine your decorating needs by looking at the direction your unit faces, noting whether will you have morning light or afternoon light, indirect light or nosy neighbours.

If your unit faces east, it will be showered in beautiful morning sunlight. While this may be a blessing for the early bird, it might not be for those who prefer to sleep in, or those who do shift-work. You will have to deal with the

realities of trying to sleep in a sun-filled room. Black-out privacy blinds and/or drapery will be required. Perhaps a west-facing unit will provide you with better rest and allow you to enjoy the sun when you wake from your slumber.

If you are nestled among a pocket of condo towers, you may not require sunshades, but perhaps privacy blinds.

A general rule of thumb: if you can see your neighbours, they can see you. Privacy blinds will block the view in and out of your suite while helping to passively regulate the heating and cooling. They also protect your furniture, possessions and electronics from direct sun damage. If your purchase agreement does not include blinds, you will need to factor this expense in your overall budget. You will also need to inquire about the rules and regulations about window coverings from the condo board in your building.

Most buildings regulate the colour of window treatments from the outside. Usually they need to be white or off white from the exterior. The interior is where you get to have some fun!

A place to call “home” Once you have addressed your lifestyle and practical needs, it’s time to look at how you can soften floor-toceiling glazing. We encourage our clients to hang privacy blinds and then layer drapery or window treatments over top. Investing in blinds is a good idea and great for resale value, since the window coverings typically stay with the home on resale. Drapery treatments, if done well and neutral in colour, can also add value to your condo.

If you don’t want blinds, consider drapery, sheers or JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 45

side panels to soften glazing. This will add the comforting “hygge” we are all looking for in a living space. Drapery also helps to insulate the windows from the harsh winter winds and the extreme summer heat.

Drapery valances are another way to help hide inconsistencies in window heights and bulkheads. They also help create a cosy atmosphere in your space, by visually closing in the space. Designers and decorators alike have been reinventing valances, and the Internet is a great place to look for inspiration. We completed a project where we had a valance laser-cut in mirrored acrylic to create visual interest, balanced with layered sheer side panels behind. The result is jaw dropping!

In concrete condos, which can experience sound reverberation, drapery panels provide needed attenuation.

You will instantly notice a difference once panels are installed.

Drapery styles are abundant and can be executed in modern or traditional and masculine or feminine styles.

For a modern or masculine, clean look, try a simple 46 YPNEXTHOME.CA

S-track system that is ceiling mounted and creates neat and tailored folds. Crisp roman blinds may also give you the simplicity you desire. Transitional or traditional interior styles are plentiful: pinch-pleat casual headings on exposed rod and rings to French pinch pleats and beyond.

Consulting with a local decorator or designer can help ease the overwhelming number of decisions that you need to make regarding the appropriate window treatments.

A consultant will be able to help you find the right manufacturer, retailer, style and colour to create a cosy hygge space to call “home.”

Tania Richardson is CEO and co-founder of interior design firm Tomas Pearce. Tania possesses extensive knowledge of colour, fabrics and materials. Her innate passion for design, fashion, art, architecture and history forms the foundation in which she draws upon when creating opulent material palettes for her discerning clientele. For more information visit tomaspearce.com

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Why the urban/suburban debate rages on

By Lydia McNutt

THE URBAN SUBURBAN debate rages

on in the search for the perfect home – particularly in the face of Toronto’s rising real estate prices. Indeed, affordability hit an eight-year low in the third quarter of 2016, according to the latest Housing Trends and Affordability Report from RBC Economics Research.

The skyrocketing price of homes may be old news in Toronto, but it’s now spreading into the suburbs.

Oakville, for instance, saw the average home price rise 15.4 per cent to $894,696 in the third quarter of 2016, according to Royal LePage’s House Price Survey. The story’s the same in Oshawa and Whitby, which saw the average home price increase 26 and 21.5 per cent, respectively.

Meanwhile in Richmond hill, prices were up 25.7 per cent.

How’s that for “urban sprawl?”

A chat some time ago with Empire’s co-founder and executive vice-president of Industry Relations, Paul Golini Jr., enlightened me to an old saying that rings true today, more than ever: drive till you qualify. But with the suburbs gaining speed in price appreciation, how far is too far?

The choice between location, lifestyle and housing type all play into the decision of “where?”

“Is it important to be able to walk to work? On the other hand, would you mind commuting if it means you’ll have a detached home with a backyard? Or, are you looking for low maintenance and on-site amenities? Homebuyers need to determine which factor is most important to them,” Golini told YP NextHome.

48 YPNEXTHOME.CA

MORE TRENDING ONLINE ypnexthome.ca/news

Driving decisions Location is one of the strongest drivers when it comes to finding the right home. A lot of it has to do with the three Ts: traffic, time and tolls – Toronto Mayor John Tory’s plans to bring road tolls to the Gardiner Expressway and Don Valley Parkway. They’re all common concerns among home hunters who are seeking more affordable housing outside of the city limits.

Golini pointed out, those who commute will happily continue to do so if it means they’ll get more home for their money. “In our industry there’s a saying, ‘you drive till you qualify,’ which is based on the size of the mortgage you can afford as you move further away from the GTA.” “There is a segment that embraces the work/live/play/shop lifestyle and opts to live in the downtown core.

They often abandon the car until the weekend, because they can take transit, the streetcar or walk to work,” Golini added.

That being said, lifestyle is increasingly becoming a significant factor in the home search – particularly in the condo market,

Golini said. “We see that people are spending less time at home and more time at work or outside of their home, whether it’s for entertainment or going to the gym.

These purchasers are okay with a smaller form of housing where little maintenance is required.”

Density – yay or nay?

Aside from commute times and price, Golini highlighted density as a key factor in the home hunt.

“Some people want to be close to their neighbours and living in a condo gives them the chance to meet in the gym, at the pool or even in the elevator.” On the flip side, lowrise communities are less dense and offer more privacy. “If someone is determined to fulfill their dream of the white picket fence, they may be driven further outside the core.

Alternatively, they can go the route of a townhome, which is a great way to enter the housing market.

“Once you determine which of these factors is the most important to you, as well as what you can afford, this can then act as a filter to direct your home-buying decision.”

JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 49

Advice | MORTGAGE ADVICE

Savings options for your down payment

By Alyssa Furtado

IF YOU WANT TO SAVE for a home in the next five years, you should avoid stocks because you could lose money.

Instead, you should use no-risk options like a high-interest savings account or GICs. But what type of savings vehicle should you use?

There are three different types of accounts to choose from and each has its own advantages and disadvantages.

Here are your options:

RRSP An RRSP allows the money you save to grow tax-free. If you qualify as a first-time homebuyer, you’ll also be able to take advantage of the Home Buyers’ Plan (HBP).

Using the HBP, you can withdraw up to $25,000 from your RRSP as long as the money was deposited more than 90 days ago. If you’re buying with a spouse or partner who’s also a first-time buyer, you can each take out $25,000 for a total of $50,000. The money you withdraw has to be taken out no later than 30 days after the closing date.

You must repay what you borrowed the second year after the year you withdrew the funds. You have up to 15 years to repay that amount.

For example, if you borrow $24,000 from your RRSP, you’ll need to pay $1,600 a year ($24,000 divided by 15, equals $1,600).

You can pay more than the $1,600 towards your HBP in any given year and your annual payments will decrease. If you decide to pay $9,400 in the second year, then you’ll only need to pay $1,000 a year thereafter.

YEAR HBP Balance Annual Repayment Amount Your Payment

2016

2017

2018

$24,000

$22,400

$13,000

$1,600

$1,600

$1,000

($24,000

($22,400

($13,000

÷ 15 years)

÷ 14 years)

÷ 13 years)

$1,600

$9,400

$1,000

The great thing about the money you withdraw from your RRSP for the HBP is it’s tax-free. However, if you can’t afford to make the annual payment, you’ll have to declare it as RRSP income on your tax return.

TFSA Like an RRSP, a TFSA also allows your money to grow taxfree. But there aren’t as many restrictions as there are with an RRSP. If you’re buying a home for the second or third time, you can still make a tax-free withdrawal from your TFSA. There aren’t any first-time homebuyer restrictions.

You’re not restricted from borrowing just $25,000 because you can withdraw as much as you want from a TFSA. You also don’t have to pay the money back over a specific time-frame. In fact, you don’t have to repay the amount you took out and there aren’t any tax penalties.

The other good thing about using your TFSA is you keep your RRSP intact and allow your money to compound over time so you can save more for retirement.

However, you won’t get a tax refund if you save using a TFSA instead of an RRSP. If you were to get a refund, you could use that extra cash for your down payment and be able to save even more money.

Non-registered account You could use a non-registered account to save for a house but this isn’t the best option because you’ll be taxed on any interest earned.

The only reason you might use this type of account is if you don’t have any RRSP or TFSA contribution room, which is highly unlikely.

However, you can withdraw as much money as you want from a non-registered account and you never have to pay it back.

Which one to choose?

RRSPs and TFSAs allow your money to grow tax-free while a non-registered account does not. A TFSA has fewer restrictions while a saving in an RRSP will provide you with tax refunds, which can increase your savings.

The best option might be to use a combination of both.

Alyssa Furtado is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

50 YPNEXTHOME.CA

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Westbeach Condominiums TORONTO’S BEACH NEIGHBOURHOOD is unique in the city, famous

for its laid-back waterfront vibe, eclectic shopping and trendy but elegant style. Whether it’s a leisurely weekend afternoon walk or cycle, brunch with friends or a celebratory night out, The Beach is enchanting.

WestBeach, the latest condominium by Marlin Spring, offers a brand new option for those who want to live life immersed in everything The Beach has to offer. Enjoy sunny afternoons at Woodbine Beach or Ashbridges Bay Park, or nosh at legendary eateries like Burger’s Priest or Murphy’s Law Pub & Kitchen. Recharge with a rich espresso at Starbucks or Aroma, or reward yourself with an indulgent treat at Dufflet Pastries. Blocks of buzzing boutiques, artisan design shops, flower stores and gift shops along Queen Street East invite exploration. Experience a concert at the new Live Nation 52 YPNEXTHOME.CA

Concert Venue or take in a movie at Alliance Cinemas. Stroll the boardwalk or let your canine companion enjoy a little fun and relaxation at the leash-free Kew Gardens dog park.

The options for enjoying life here are virtually endless.

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outdoor living exemplified in its terraced exterior and chic professional landscaping by NAK Design Strategies, WestBeach interiors are just as thoughtfully designed. Innovative Toronto design studio U31 brings a contemporary urban esthetic to an exclusive collection of 89 suites in one-bedroom, one-bedroom-plus-den, twobedroom and two-bedroom-plus-den layouts starting in the high $200s — an exceptional value in one of Toronto’s most highly soughtafter areas.

Enhancing the aspirational lifestyle offered by neighbourhood amenities, the condominium amenities at WestBeach are purposefully designed for sociability, rejuvenation and relaxation, including a pet spa, hobby room, fitness centre, party lounge with dining room, catering kitchen and bar.

Marlin Spring is an industry leader in creating

vibrant communities within the most desirable established and emergent neighbourhoods in the GTA. With the overwhelming success of projects including Vaughan’s The Mack and Canvas Condominium in Danforth Village, the developer brings extensive experience and a tradition of impeccable building standards to every project. Like every Marlin Spring community, WestBeach offers residents leading-edge architecture, inspired amenities and the highest standards for Green design.

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Register now for more information at WestBeachCondos.ca JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 53

Advice | TARION REPORT

Trades strike continues to impact home building and buying

By Howard Bogach

MORE ADVICE ONLINE ypnexthome.ca/news/advice

WHEN YOU PURCHASE a new home

or condominium, you look forward to moving in with great excitement and anticipation.

Occasionally, however, construction can be delayed, and this can create uncertainty and stress – for both the buyer and the builder.

When the closing date is delayed, it may mean that a purchaser’s personal plans have to be put on hold for a while. For the builder, a key business milestone is delayed, affecting their business of building and selling homes.

The Agreement of Purchase and Sale sets out the critical dates – including the outside closing date – associated with a new home or condominium purchase. This agreement is a binding legal contract between the buyer and builder.

In most cases, the closing date is met, and buyers are able to move in and enjoy their new home. However, sometimes delays occur and can happen because of circumstances beyond the builder’s control.

Some Ontario builders and purchasers are facing this situation right now.

Last May, home building in parts of Ontario slowed dramatically or came to a halt completely, due to a strike by five different unionized construction trades – frame, trim, drywall, tile and electrical.

The strikes are over, but they continue to have an impact. Getting construction capacity back up to prestrike levels has been an unexpected 54 YPNEXTHOME.CA

challenge, for a number of reasons.

For one, trades who were not on strike were affected by the labour disruption, as they had to wait for construction sites to return to normal capacity.

Second, the supply chain for materials for new construction in the province was also impacted. For example, some suppliers were forced to lay off staff during the strikes and then found it difficult to ramp up deliveries because these workers found new employment elsewhere.

In fact, the sheer scope of the strikes’ continuing impact on the delivery of finished new homes and condominiums is unparalleled in Ontario. Some builders are still having difficulty completing homes.

Of course, these delays may have a significant impact on buyers. Closing dates set out on the Agreement of Purchase and Sale may no longer be realistic.

Buyers should review their Agreement of Purchase and Sale

and information on tarion.com to understand their contractual and warranty rights. It is important that purchasers and their builders maintain clear and open communication.

No one likes delays. Purchasers are eager to start this new chapter in their lives, and builders have financial and reputational reasons to ensure their customers move into their new homes as fast as circumstances allow.

Most new home purchasers in Ontario enjoy a positive and productive customer service relationship with their builder. So, if it is possible to find agreement on how to manage these delayed closings, it will preserve the quality of this important relationship going forward.

Howard Bogach is president and CEO of Tarion Warranty Corp. For more information about how Tarion helps new-home buyers, visit online at tarion.com and find them on Facebook at facebook.com/TarionWarrantyCorp

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Set in a landmark midtown location, The Barrington is a boutique building offering 1 to 3 bedroom designs up to 2200 sq.ft. Priced from $454,990.

2018* Occupancy barringtoncondos.com | 416-410-4444

A joint venture between The Goldman Group & Lash.

lashgroup.ca 416.630.9393

email: info@lashgroup.ca blog: blog. lashgroup.ca

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*Anticipated occupancy dates. Prices and specifications are subject to change. See sales representative for details. E.&O.E. 2016.

CG_ME2_FP_Ad.1.13.17.indd 1

2017-01-13 1:05 PM

Builder Profile | LASH GROUP OF COMPANIES

Masterminding master-planned communities LARRY BLANKENSTEIN, PRESIDENT

of Lash Group of Companies, gives us the scoop on building homes, the communities that surround them, and what lies ahead for this development company.

Q: Lash Group of Companies has a well-earned reputation for choosing neighbourhoods that are poised to take off. You were at the vanguard of the King West renaissance, for example. What’s your secret?

A: My family has been building in the GTA since the late ’50s, and we pay attention. When we see a neighbourhood that has good foundations in place — especially transit, amenities and an abundance of green space nearby — but where the existing homes and businesses may be dated, we start to consider that it may be due for revival. In a way, it’s a push/pull scenario — we are drawn to the neighbourhood because of the potential we see, and at the same time, once we start to develop there, we can also guide and help realize that potential. Our 56 YPNEXTHOME.CA

ME Living at Markham and Ellesmere

Markham and Ellesmere community, ME Living, is a great example; we could see that the area had so much to offer that was underutilized, and we also thought that if we built a spectacular new community there, new businesses and amenities would be drawn there too.

Q: Speaking of ME Living, it’s also a great example of master-planning

at work. Building a true community from scratch, though, has to be a daunting prospect. What is your motivation?

A: The quality of life of our residents is our priority, and as much as the surrounding neighbourhood helps contribute to that, there’s so much we can offer right in the community.

Let’s face it, urban life is busy and often stressful. Being able to go to the

MORE WITH LARRY BLANKENSTEIN HERE: nexthome.yp.ca/insider-advice

and complement what already exists in the local neighbourhood.

Q: You’re obviously passionate about what you do. What about being a developer really keeps that passion ignited?

A: There are few careers that let you influence people’s lives in such a profound way. To think that individuals and families have chosen a Lash home as the most valuable purchase they’ll ever make is both a privilege and a responsibility, one that we all take seriously and are passionate about. We’re building legacy communities for many generations to come. We owe it to our buyers. From the perspective of city-building, too, it’s just as important. When I look at the neighbourhoods we’ve completed, I couldn’t sleep at night if I couldn’t take pride in the work we’ve done and the homes we’ve built. Staying passionate is probably the easiest part of the job!

gym, walk in the park or just relax in the sun within a short elevator ride of home has an enormous positive impact on quality of life. We don’t want our residents to simply love their suites — we want them to love their lives.

Q: How, then, does a masterplanned community benefit the future residents?

A: In a master-planned community the architecture and landscaping are planned so carefully with a look and feel that is cohesive and lasting.

This helps the community hold its value as well as surrounding homes to hold theirs. The scale of a masterplanned community enables the builder/developer to provide a variety of amenities and services to suit the different life stages of condo residents

Q: What’s up next for Lash?

A: ME Living Condos is under construction and ME2 is the second of multiple buildings that will be part of the community. We’re also commencing construction on Distinction at Yonge and Eglinton, so that’s keeping us pretty busy. We’re back at building at Bathurst and St. Clair, where we’ve had such success in the past, with The Barrington Condominiums, which is now under construction with a few suites still remaining.

JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 57

Trending

Home sales rebound after new mortgage rules slow activity HOME SALES ARE RISING – albeit slowly – following a dip in activity when the new financing rules took effect in October, according to the latest market statistics from the Canadian Real Estate Association (CREA). December 2016 saw home sales increase 2.2 per cent monthover-month. The rebound recovered less than half of the drop in activity from October to November, when it posted the biggest monthly retreat in more than four years after Ottawa tightened mortgage regulations.

Activity was up month-overmonth in about 60 per cent of all local markets, led by Calgary and Edmonton, where sales rallied following large declines in November.

Sales activity was down five per cent in December from a year ago, when it reached the highest level ever for the month. The number of homes changing hands in 2016 was up by 6.3 per cent annually, reflecting strong sales activity in the first half of the year that has softened since.

“Sales set a new annual record last year,” CREA president Cliff Iverson said in a press release. “However, tightened mortgage regulations are expected to contribute to lower sales activity this year, though the extent to which they will weigh on housing markets across Canada will vary.”

“Home sales are unlikely to benefit the Canadian economy as much in 2017 as they did in 2016,” added Gregory Klump, CREA’s chief economist. “New regulations mean that in order to qualify for a mortgage, homebuyers will either have to save longer for a bigger down payment or purchase a lower priced home. In urban centres where the latter are in short supply, that’s likely to translate into fewer sales.”

The number of newly listed homes 58 YPNEXTHOME.CA

fell three per cent in December 2016 from November. New listings were down in about 60 per cent of all local markets, with declines in B.C.’s Lower Mainland, Calgary and the Greater Toronto Area. With sales up and new listings down, the national sales-tonew listings ratio rose to 63.5 per cent in December compared to 60.3 per cent in November.

A sales-to-new listings ratio between 40 and 60 per cent is generally consistent with balanced housing market conditions, with readings below and above this range indicating buyers’ and sellers’ markets.

The ratio was above 60 per cent in more than half of all local housing markets in December, the vast majority of which are located in British Columbia, in and around the GTA and across Southwestern Ontario.

The number of months of inventory is another important measure of the balance between housing supply and demand. It represents how long it would take to completely liquidate current inventories at the current rate of sales activity.

There were 4.6 months of inventory on a national basis at the end of December 2016 – down from 4.8 months in November.

The tight balance between housing supply and demand in Ontario’s Greater Golden Horseshoe region is without precedent. The region includes the GTA, HamiltonBurlington, Oakville-Milton, Guelph, Kitchener-Waterloo, Cambridge, Brantford, the Niagara Region, Barrie and nearby cottage country. The number of months of inventory in December ranged between one and two months in many of these housing markets, and stood below one month in the Durham Region, Orangeville,

Oakville-Milton, Kitchener-Waterloo, Brantford and Cambridge.

Price gains remained strongest for two-storey single-family homes and townhouse/row units (up 16.1 and 15.4 per cent year-over-year respectively. Single-storey singlefamily homes followed, at 13.3 per cent year-over-year, and apartment units up 12 per cent year-over-year.

While benchmark home prices were up from year-ago levels in nine of 11 housing markets tracked by the MLS HPI, trends continued to vary widely by location.

In the Fraser Valley and Greater Vancouver, prices continued to recede from their peaks reached in August 2016 but remained above year-ago levels (up 27 and 17.8 per cent year-over-year, respectively).

Meanwhile, benchmark prices climbed to new heights in Victoria and elsewhere on Vancouver Island, and in the GTA. By comparison, home prices were down 3.7 per cent year-over-year in Calgary and edged lower by 1.6 per cent year-over-year in Saskatoon, continuing their retreat from peaks reached in 2015.

The national average price for homes sold in December 2016 was $470,661, up 3.5 per cent from a year ago, marking the smallest year-overyear increase in nearly two years.

The national average price continues to be skewed upward by Greater Vancouver and the GTA. The average price is drops to $352,513 if Greater Vancouver and GTA sales are excluded from calculations.

MORE TRENDING ONLINE ypnexthome.ca/news

FEB 21 - MAR 4, 2017 | NEW CONDO GUIDE 59

Advice | DESIGNER ADVICE

7 LUXE LOOKS that won’t break the bank

By Yanic Simard

WANT TO ELEVATE your condo look

without having to spend a week living in a hotel — or in a construction zone? I’ve put together some of my top tips for giving your home a major boost without tearing open the walls, for a big decor upgrade at any time.

Area rugs » Don’t want to commit to wallpaper? This is where a large area rug comes in to add that sense of richness and texture in a big way.

Even if you have beautiful hardwood floors, a large rug adds a layer of new texture (and optionally, a pop of colour) while defining a seating or dining area, with a softness that adds 60 YPNEXTHOME.CA

a sense of “home.” When it’s time for change, roll up the rug and place it in a new space, or resell it as vintage. » Size your rug to tuck fully under the furniture. For the biggest impact, run a custom sized rug from wall to wall, leaving a 12- to 18-inch border of exposed floor. A custom cut, plain, solid colour carpet can achieve this look without breaking the budget.

MORE ADVICE ONLINE ypnexthome.ca/news/advice

oversized gallery frames. » Using a grid of 10, 20-by-20-inch frames, you can fill an area over three ft. tall and eight inches wide – perfect for livening up a wall in the sitting area or a hallway.

Wallpaper murals » Another way to add the look of wallpaper without the labour is to use a single roll of paper and hang it poster style across one accent wall (for the casual sophistication of a Paris apartment), or cut it to fill

Layered lighting » No amount of pot lights can provide enough even lighting to unlock your space’s full potential.

Plug-in sconces with beautiful cords are perfect for flanking a sofa or

cabinet, and will help balance to a heavy furniture piece with some extra light. » Try a long swing-arm sconce to add light over hard-to-reach places, like on a compact desk or over a favourite reading chair.

Headboards » Upgrading to an oversized, upholstered headboard can really fill in the look of a bedroom, especially if you choose an extra-tall style to give some play of height. Many companies supply standalone headboards that can be attached to any bed, so you can make this upgrade without changing your existing frame and mattress. » Choose an oatmeal beige to subtly contrast white walls, or use a royal blue for a restful pop of colour (and leave the sheets clean and white).

Regal mouldings » Whenever possible, now I usually install extra deep baseboards (eight inches plus) in homes to give a highend European look. You can upgrade just your baseboards to give your walls a new look, or for an even easier solution, simply add an extra strip of moulding above the top of your baseboards to stretch the existing boards a little taller. » Consider crown moulding in places like ceiling coves or windowless bathrooms. It finishes the ceiling in a stately way that lends a sense of history.

Mixed and match » Matching furniture can be pleasant, but can lack personality.

Mixing materials and textures lends a sense of energy, so try contrasting opposites like wood versus sleek mirror, or stainless steel against

antiqued bronze. This applies to fabrics too, like leather and wool. » A sofa with two chairs is a classic seating configuration, but there’s no rule that says the chairs have to be the same. Try a low lounger for when you feel like sinking in, and a more formal upright seat for reading or conversation.

Blending periods and silhouettes will give your home a little edge.

Flowers » A vase of fresh flowers isn’t only for magazine shoots. A few blossoms can add life to your space. One of my favourite clients would keep vivid carnation blossoms in bud vases and this simple touch gave a sense of care to her entire home. » Blooms in the bathroom are extraunexpected. Add a live tropical orchid to your vanity or perched on a stool next to the shower/tub.

Yanic Simard is New Condo Guide’s design editor, principal designer of award-winning Toronto Interior Design Group (tidg.ca), and regular guest expert on City’s Cityline.

JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 61

Neighbourhood Profile

Regent Park A new and improved neighbourhood

By Joanne Keenan

In the area New to Regent Park are retail and public spaces for all. The Daniels Spectrum, Regent Park Aquatic Centre and Regent Park Athletic Grounds offer lifestyle and recreation programs. The health centre provides youth programs, immigrant assistance and social support. A new cultural centre will be home to local organizations for educational, arts and community programs. There are also two public primary schools and The Parliament Library.

MORE PHOTOS ONLINE ypnexthome.ca/regent-park

REGENT PARK — tucked between Parliament, Gerrard, River and Shuter streets — proves that you can reinvent the wheel with a citybacked redux that is raising it from ashes to a vibrant community of city streets, compact blocks, businesses, condos, apartments, community services and a blend of residents across socio-economic and cultural spectrums.

The vibe Nothing says “new and improved” more than Regent Park. It’s fresh, clean and vibrant, with a phenomenal sense of community as redevelopment puts in place cross streets, amenities, housing and businesses for an engaging way of life. Still in its growing stages, former

residents and families are eager to return to the area, while newcomers long to ride the wave of growth that has begun.

Meet the neighbours Residents come from a variety of cultural backgrounds and nationalities, which inspire artistic, cultural and educational activities.

More than 60 different first languages are spoken, making Regent Park one of Toronto’s most culturally diverse areas. Predominantly a low-income area, former residents are returning as homeowners and renters through various funding initiatives. New buyers are attracted to urban lofts in renovated buildings that offer cosmopolitan living at entry-level prices.

Planes, trains & automobiles Streetcars travel from Regent Park, providing quick access to the YongeUniversity-Spadina subway line.

The Parliament streetcar connects to Castle Frank station on the Bloor-Danforth subway line. The Don Valley Parkway runs just east of the community, linking to the Gardiner Expressway and Lake Shore Boulevard, making this community very accessible — it’s also very pedestrian- and bike-friendly.

Real estate Affordability is key for those starting out, new to the country or those of limited means, and that is the hallmark of the rebuilding of Regent Park. Throughout the metamorphosis, the focus has been on returning former residents to healthier homes geared to their incomes. Funding initiatives have made it possible for former renters to step forward to become homeowners.

Joanne Keenan is a freelance writer based in Hamilton

62 YPNEXTHOME.CA

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Trending

Investor DNA Do you have what it takes to succeed as a real estate investor?

By Kara Kuryllowicz

DO YOU HAVE what it takes to

become a real estate investor? Quite likely, yes! Anyone with access to cash or equity can invest in real estate, but if you want to succeed at it, understand this: it’s a business.

“You wouldn’t consider becoming a doctor without getting the necessary education, so before you become a real estate investor, take courses, attend seminars, find a coach or mentor, surround yourself with successful investors and at the very least, read as many good books as possible,” says Michael Ponte, founder and president, Prosperity Real Estate Investments in Langley, BC. “Invest in yourself first, because you are the key factor to your own success.”

Experts are overly familiar with 64 YPNEXTHOME.CA

the losses and challenges faced by rookie investors who acted without forethought and opted out of their due diligence. Sure, savvy investors can make money, but as in any business, a certain industry expertise, experience and a little good fortune are required. And even then, there are no guarantees.

“Educate yourself, but you can pay experts to do everything from finding the best property for you to managing the books and the property, while you focus on your existing career,” says Nick Karadza, who co-founded Rock Star Real Estate and Rock Star Inner Circle, an Oakville, Ont.-based investment group.

In 2012, Ash Srivastava, who still owns and operates an IT

consultancy, sold his first home at a profit of $80,000 just one year after purchasing it. Intrigued, he read up on real estate as an investment vehicle, then started slowly growing his portfolio. His first small rental condo proved a learning opportunity, and after the third of his now seven investment properties (in Waterloo, Mississauga, Toronto and Brantford), he joined Rockstar.

There are investors who make big money quickly, but not many who do it consistently. And if you’re risk adverse and want to protect your earnings, the strategy known as “buy, hold and rent” is the best route. The “fix and flip” method is rife with risk, and even buying pre-construction condos aren’t a sure thing.

INVESTMENT STRATEGIES: 1. FIX + FLIP High risk. It’s a gamble, particularly for novice investors. Can you make money? Yes – but you need cash, expertise and luck to make it work.

“It can be profitable for knowledgeable, experienced investors, but there is a lot involved and it’s not the easy money people think it is,” says Karadza. “There are far too many variables – the profit margins tend to be small, so one misstep or unforeseen issue and your profit becomes a loss.”

2. PRE-CONSTRUCTION CONDOS Worth a look. A condo, particularly a studio or one-bedroom, will cost less

than a singlefamily home, and may appreciate during the preconstruction phase.

“It’s an amazing concept that has proven Golberg very successful, provided the investors selected the right building in the right city,” says Sharon Golberg, president, Dash Property Management, Toronto.

The company advises investors and manages property for investors who live in Canada and about 25 other countries.

Focusing on the building’s appreciation during the wait time

can be fun, but it’s more important to consider the net post capital gain, once the capital gains taxes, realtor, legal and other fees associated with the sale have been paid.

Karadza, meanwhile, is not a fan.

As he sees it, “Why would I give someone else my money and watch my money work for them? I’d rather watch my tenant pay down my mortgage.”

Banking on your condo to appreciate during the sales and construction phases could backfire or net you less than anticipated; no one knows what the future holds in a world where global events increasingly affect national and even local economies and real estate markets.

“You’re gambling that the future JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 65

“Do you know all of the rules and regulations – do you have the interest and time required to learn the ins and outs?”

price will hopefully remain the same or increase, but no one has a crystal ball,” says Ponte, who has seen just how hard the decline of the oil and gas industry has hit Alberta real estate investors in the past 18 to 24 months.

If your down payment is limited, pre-construction may be the only way to buy, hold and rent. As Golberg notes, condos are more affordable and straightforward with predictable costs.

3. BUY, HOLD + RENT Excellent idea. Experts suggest the most successful real estate investors focus on their time in the market, versus timing the market. Buy, hold and rent is generally the experts’ preferred strategy.

“Our investment strategy is 95 per cent buy, hold and rent, as we found this to be the safest strategy and more importantly, provides some of the best returns,” says Ponte.

Why? If you do it properly, your tenants pay down your mortgage and cover all of your operating expenses, including property management and taxes, insurance, utilities, maintenance and repairs and even the emergency funds set aside for unexpected repairs and vacancies.

“This is my preferred property type because of the GTA’s appreciation rates,” says Srivastava, who typically devotes six to eight hours a month to his real estate investments, with the bulk of this time spent analyzing new opportunities. “Positive cash flow is key to my investment strategy, and to maximize the cash flow, I selfmanage my local properties and pay

66 YPNEXTHOME.CA

for services as needed.”

Experts highly recommend setting up to five per cent of the monthly rent aside for contingencies, and having $5,000 to $7,000 per property on hand to cover temporary vacancies, repairs and unforeseen events.

Looking at that extra cash every month, investors might be tempted to treat themselves to a motorcycle or a dream vacation, but our experts highly recommend more practical, responsible plans. For example, you can set aside a set percentage or even an entire property to fund young children’s education.

While the perfect investment property may not exist, according to Karadza, there are winners and losers. Does it consistently generate positive cash flow? Will it do so over the long term?

Buy a property with positive cash flow and make sure that either you know how to analyze the deal, or that your advisors do, so that you’re not kicking in $700 a month to carry your so-called investment. This is something our Srivastava experts see far too frequently from inexperienced investors.

“I do the due diligence to make sure (properties) meet my specific criteria, and I hire professionals to tackle the cleaning and touch-ups required before showing a unit,” says Srivastava. “A clean, fresh-looking

unit warrants more rent and tends to attract tenants who stay longer and take better care of it.”

Rather than risk a costly and stressful tenant-related error and take time and energy away from your primary career and family, outsource the property management to the professionals.

“Do you know all of the rules and regulations – do you have the interest and time required to learn the ins and outs?” asks Golberg.

As Ponte says, “If the property can’t support a property manager, it’s a crappy deal to begin with.”

4. BUY, RENOVATE, HOLD + RENT Proceed with caution. Unless you get an outstanding deal on a property and have the cash to renovate, it’s a risk and your return on the renovation won’t be seen for so many years that by the time you’re ready to sell, it will likely be time for another major upgrade.

An upgrade beyond a refresh will warrant a higher rent, which typically attracts better tenants, but Ponte know that tenants are hard on properties and their various finishes.

“After the first year with the tenants, it won’t have the pristine shine, which is why I save the big renovation with the high-end finishes until right before you sell it,” advises Ponte.

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FEB 21 - MAR 4, 2017 | NEW CONDO GUIDE 67

Property Profile | SKYLINE RESORT COMMUNITIES

Resort-style living reimagined Skyline Communities kicks off 2017 with official grand opening of Slopeside Condos at Horseshoe SKYLINE COMMUNITIES, one of

Ontario’s leading developers of destination communities, has just launched Horseshoe Valley’s premier four-season resort condominium.

Skyline hosted the official grandopening of Slopeside Condos at Horseshoe – a ski-in/ski-out resort overlooking the expansive ski hills and incredible mountain views. Slopeside Condos at Horseshoe is part of 68 YPNEXTHOME.CA

Skyline’s world-class Horseshoe Resort.

A total of 44 condominium suites, Slopeside Condos at Horseshoe offers whole-ownership priced from the mid-$400’s.

At 1,188 sq. ft., the two-bedroomplus-den units will feature beautifully designed interiors, including decorative paneled window casings, decorative panel doors, everWood

throughout the main principal rooms, and gas fireplaces.

Each residence will include chiefinspired open-concept kitchens featuring a breakfast bar, granite countertops, matching stainless steel appliances, and contemporary cabinetry. Suites at Slopeside Condos will also include an in-suite 24-inch stacked washer/dryer.

A community built for the entire

On-site amenities include lavish boutique shops, incredible dining, a full-service spa, indoor and seasonal outdoor pools, and a full-service fitness facility

Location

Blue Mountain Builder

Skyline Resort Communities Development

family, Horseshoe Resort is Southern Ontario’s premier ski resort and four-season vacation destination.

Conveniently located just an hour north of Toronto, Horseshoe Resort offers 29 Alpine ski and snowboard runs and 65 kilometres of Nordic trails including a terrain park with over 20 features.

Other on-site amenities include lavish boutique shops, incredible dining, a full-service spa, indoor and seasonal outdoor pools, and a full-service fitness facility. For spring and summer days, the Resort also includes a fullchampionship golf course.

Residents will also gain entry to the exclusive Family Skyline Club, providing full access to all the amenities at Horseshoe Resort.

Whether the kids are skiing, ready for snowboard tricks or swimming, Horseshoe Resort is perfect for the entire family!

Homeowners at Slopeside Condos at Horseshoe can also join the Resort’s incredible Rental Program.

Completely hassle free, residents can rent out their condominium suites while they are away from home. Horseshoe Resort will

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44 condominium suites Contact

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manage the Rental Program, helping owners generate income from their condominium.

Fore more information on Slopeside Condos at Horseshoe, visit the website at ownhorseshoe.com JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 69

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72 YPNEXTHOME.CA

Model Suite Photo Compliments of Cresford | www.cresford.com

The CASA II Signature Penthouse Collection is the ultimate in high-end living. The 1,609-sq.-ft North Penthouse features a wraparound balcony with a spectacular 180 degree view of Toronto’s north, west and east. Move in now to a gourmet Scavolini kitchen featuring integrated Gaggenau appliances, Kohler fixtures and soaring 10-ft. ceilings.

JANUARY 2017 Cresford has been featured as “Model Suite of the Month” as seen in the New Condo Guide model suite calendar

Hot Properties

905

Find your next home! This page features a few of the latest properties to keep your eye on in the GTA 905 area. Find more properties at ypnexthome.ca

LATEST LISTINGS

SHIFT

TOWNHOMES AT STATIONWEST

By: Treasure Hill Homes City: Pickering Register for a new modern townhome development at Brock Road and William Jackson Drive. treasurehill.com

new releases and grand openings THE MET By: Plaza City: Vaughan GTA’s newest downtown address across from the new TTC subway station. Towns starting from the high $650’s. pureplaza.com

VISTA FLATS AND TOWNS By: Geranium Homes City: Stouffville The final release of the award-winning Neighbourhoods of Cardinal Point. Prices starting from the high $300’s. vistaflatsandtowns.com

INDIGO CONDOMINIUMS

COSMOS III CONDOMINIUMS

previews and registration STATIONWEST By: Adi Developments City: Burlington Welcome to Burlington’s new designforward address, in an idyllically located master-planned community connected to a large central park and the Aldershot GO station. Register now. adidevelopments.com

74 YPNEXTHOME.CA

By: Liberty Development City: Vaughan Register now for a new condominium coming to the Vaughan Metropolitan Centre. Prices starting from the mid-$200’s. cosmoscondos.ca

DANIELS ARC By: Daniels Corporation City: Mississauga Register now for the newest addition to Daniels Erin Mills — a master-planned, mixed-use community. Prices starting from the $300’s. danielsarc.com

By: Pemberton Group City: Maple Live steps from the Maple GO station.

New release of one- and one-bedroomplus-den suite priced from the low $300’s. pembertongroup.com

HAMPTON PLACE By: Royal Pine Homes City: Stouffville A seven-storey building adjacent to conservation lands. Prices starting from the high $300’s. royalpinecondos.com

Builders If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@ypnexthome.ca

4

Hot Properties

416

Find your next home! This page features a few of the latest properties to keep your eye on in the 416 area. Find more properties at ypnexthome.ca

LATEST LISTINGS

HOME, AT POWER + ADELAIDE

RODEO By: Lanterra Developments and Cadillac Fairview City: Toronto Register now for iconic living at CF Shops at Don Mills. Prices starting from the high $200's. rodeodrivecondos.com

new releases and grand openings AQUABELLA

WATERWORKS

previews and registration HOME By: Great Gulf & Hullmark Developments City: Toronto Located at the corner of Power and Adelaide, "home" will consist of two highrise towers, with amenities focused on artistry and innovation. Register now. homeonpower.com

HALO

By: Mod Developments Inc. City: Toronto Experience the evolution of a historic industrial building into an eclectic mix of stylish city condos, an adjoining park and a food hall. Register now. waterworkstoronto.com

HARRIS SQUARE By: Urban Capital City: Toronto Register now for the final phase of the iconic River City community in Toronto's West Don Lands neighbourhood. rivercitytoronto.com

By: Cresford Developments City: Toronto A striking new condo is coming to Yonge and College, inspired by the look and luxury of Baccarat. Register now. haloresidences.com

By: Lalu Canada City: Toronto Urban towns are coming to Birchmount and Lawrence. Register now. evocondos.com

THE WYATT

EXCHANGE

By: The Daniels Corporation City: Toronto The Regent Park revitalization continues with this new addition to Dundas and Sumach streets. Register now. danielswyatt.com

By: Concord Adex City: Toronto Register now for boutique condos in downtown Toronto's Entertainment District. exchangecondos.ca

EVO CONDOS + TOWNS

By: Tridel & Hines City: Toronto The ultra-luxurious Terrace Collection is now available at Bayside’s newest condo, Aquabella. Suites from 1,767 to over 4,000 sq. ft., priced from $3 million. tridel.com

THE FOXBAR COLLECTION AT BLUE DIAMOND By: Camrost Felcorp City: Toronto A new release of spacious two- and threebedroom luxury suites and townhomes.

Prices starting from the mid-$800's. thefoxbar.ca

AYC CONDOS By: Metropia City: Toronto Now open! Condo residences and townhomes coming soon, where The Annex and Yorkville meet. ayccondos.com

Builders If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@ypnexthome.ca JAN 21 - FEB 4, 2017 | NEW CONDO GUIDE 75

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torontoregionalmaps: Toronto, East York, York

P

76

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

# Builder Site Telephone TH* C* Price Range Page Finder 11 MENKES DEVELOPMENTS INC. 365 Church 416-591-7700 • from $420,000 Insert 14I 14 FIELDGATE URBAN Heartwood the Beach heartwoodthebeach.com • from $490,000 47 24J 26 BAZIS INC. No1 Yorkville 416-519-2911 • from $550,000 3 15I 26 PLAZA No1 Yorkville 416-519-2911 • from $550,000 3 15I 34 DREAM Ivy Condos 416-306-6484 • • from $320,000 39 16L 34 THE SHER CORPORATION Ivy Condos 416-306-6484 • • from $320,000 39 16L 34 MENKES DEVELOPMENTS INC. Fleur menkes.com • • Insert 16L 35 MENKES DEVELOPMENTS INC. 87 Peter 416-591-7700 • from $781,000 Insert 15M The Eglinton Yonge at Heart 416-591-7700 • from $290,000 Insert 15D 35 MENKES DEVELOPMENTS INC. The Barrington Condominiums Flats 416-410-4444 • from $455,000 55 12H 41 LASH GROUP OF COMPANIES 48 MADISON HOMES Zigg Condos 416-545-0223 • • from $1300,000 43 14J 48 FIELDGATE HOMES Zigg Condos 416-545-0223 • • from $1300,000 43 14J 49 CRESFORD DEVELOPMENT CORP. Halo Residences on Yonge 416-485-3000 • from $300,000 IBC 16K 50 CRESFORD DEVELOPMENT CORP. VOX 416-485-3000 • IBC 15J 52 CRESFORD DEVELOPMENT CORP. CASA III 416-486-2272 • from $960,000 IBC 15L 52 CRESFORD DEVELOPMENT CORP. CASA II 416-486-2272 • from $1180,000 IBC 15L 68 LAMB DEVELOPMENT CORP. East Fiftyfive 416-861-9559 • from $322,000 63 17L 68 GREAT GULF Home Power + Adelaide homeonpower.ca • from $300,000 9 17L 79 LASH GROUP OF COMPANIES Distinction Condos 416-489-6444 • from $360,000 55 14D 104 CRESFORD DEVELOPMENT CORP. The Clover on Yonge 416-485-3000 • IBC 14J 149 CAMROST - FELCORP Blue Diamond at Imperial Plaza 416-925-2501 • from $390,000 1 15I 157 PEMBERTON GROUP Time and Space Condominiums pembertongroup.com • Insert 17L 217 PEMBERTON GROUP TEN93 Queen West 416-546-6355 • from $380,000 7 12F 229 TRIDEL CORPORATION Via Bloor 416-736-2588 • IFC 17I 230 PLAZA Plaza Midtown pureplaza.com • 14-15 14E 231 MARLIN SPRING West Beach WestBeachCondos.ca • from $290,000 51 23J 1 BRANDY LANE HOMES The Davies 416-873-0862 • from $820,000 14I 2 GREAT GULF Yonge+Richmond 416-499-8883 • from $470,000 16K 3 ARAGON PROPERTIES Eighty One Wellesley eightyonewellesley.ca • from $330,000 16J 3 ALTERRA 159SW 159sw.com • from $300,000 16J 4 GAIRLOCH INVESTMENTS 383 Sorauren 383sorauren.com from $265,000 9M 4 CENTRESTONE URBAN DEVELOPMENTS INC. 383 Sorauren 416-588-0383 from $265,000 9L 5 GRAYWOOD DEVELOPMENTS Scoop Condos scoopcondos.com • from $282,000 19I 6 CRESFORD DEVELOPMENT CORP. Merton Yonge Condominiums 416-484-1900 • from $400,000 14E 7 THE DANIELS CORPORATION High Park Condominiums 416-351-1844 • from $285,000 8L 8 ROCKPORT GROUP George Condos+Towns 647-351-5050 • from $335,000 22L 9 HARHAY DEVELOPMENTS 875 Queen East 416-694-8750 • from $300,000 19L 10 MARLIN SPRING Canvas Condominium canvascondos.ca • from $250,000 24G 11 MENKES DEVELOPMENTS INC. Pears on the Avenue 416-323-0100 • from $400,000 14I 11 TRIDEL CORPORATION Sherwood at Huntington 416-485-1900 • from $1000,000 18G 11 METROPIA AYC Condos ayccondos.com • • from $400,000 14I 12 NORTH DRIVE INVESTMENT The High Park 416-670-3699 • from $400,000 8L 12 NORTH DRIVE INVESTMENT Picnic 416-670-3699 • from $475,000 8L 13 ASPEN RIDGE HOMES The Jack aspenridgehomes.com • from $400,000 14H 15 TRIDEL CORPORATION 101 Erskine 416-480-0700 • from $386,000 14D 16 FREED 155 REDPATH 416-996-5428 • from $226,000 14D 16 FREED 150 REDPATH redpathcondos.com • from $200,000 14D 16 CAPITAL DEVELOPMENTS 150 REDPATH redpathcondos.com • from $200,000 14D 17 ROCKPORT GROUP The Nest 416-223-0003 • from $350,000 11H 18 URBAN CAPITAL RC3 416-862-0505 • • from $220,000 18L 18 URBAN CAPITAL Harris Square rivercitytoronto.com • • 18L 19 STREETCAR DEVELOPMENT The Southwood 416-750-7506 • from $300,000 23H 20 MENKES DEVELOPMENTS INC. Fabrik 416-591-7700 • from $590,000 14M 20 LIFETIME DEVELOPMENTS Whitehaus Condominiums whitehaus.ca • from $300,000 14M 20 MOD DEVELOPMENTS INC. Waterworks waterworkstoronto.com • from $420,000 14M *TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. Attention Builders - Want to add your community to our maps?

C: Condo Need to update existing information? Please fax the details to (416) 789-9554 Please refer to page number for complete information.

Builder

Site

Telephone

King Blue Condos 416-599-1355 Picasso on Richmond 416-495-3549 Ten York 416-596-9888 Picasso on Richmond 416-495-3549 The College Condominium 416-363-4800 SQ2 416-661-1949 Eau Du Soleil Waterfront Condominiums 416-503-3328 Success Tower at Pinnacle Centre 416-360-0673 Bespoke Towns 419-239-8181 Totem Condominium 416-792-1877 The Madison 416-482-8090 88 Queen 88queen.com Fuse Condos 416-534-4444 Pace 416-928-2223 Dundas Square Gardens 416-645-8575 Grid Condos 416-477-4743 Garrison Point garrisonpoint.ca Howard Park 2 416-873-0989 The Upper House Condos in Leaside 416-425-1800 Alter 416-645-4599 The PJ 416-596-1600 Yorkville Park mintoyorkvillepark.com Yorkville Private Estates 416-484-4371 Teahouse 416-861-1111 Stanley 416-546-1502 Aqualina at Bayside Toronto 416-514-2710 Aquavista at Bayside Toronto 416-514-2710 Aquabella Bayside Toronto tridel.com 11 Wellesley 416-861-1111 Riverside Square 416-466-4466 Monde 416-466-8885 Liberty Central by the Lake - Phase One 416-537-0047 The Selby theselbycondos.com The Rosedale on Bloor 416-928-9997 The Brant Park 416-368-5262 Wellington House 416-368-5262 Enigma on the Park 416-516-1551 Citylights on Broadway 416-546-6605 East Fiftyfive 416-861-9559 609 Avenue Road 609avenue.com 609 Avenue Road 609avenue.com 2221 Yonge 647-350-2221 On The Danforth onthedanforthcondo.com Liberty Central by the Lake Two 416-537-0047 Schoolhouse 416-979-1333 Art Shoppe Condos artshoppecondos.com Distinction Condos 416-489-6444 J Davis House 647-343-3270 J Davis House jdavishouse.com One Eleven Condominiums & Lofts 647-351-4111 One Eleven Condominiums & Lofts 647-351-4111 One Bloor Residences 416-922-0081 Seventy Seven Charles Yorkville 416-203-7034 Ivory On Adelaide 647-341-1731 158 Front Condominiums 158front.com Exhibit 416-967-7778 Exhibit 416-967-7778 Exhibit 416-967-7778 The Urban Townhome Collection 647-344-2573 The Pinnacle on Adelaide 416-596-1600 Bisha Hotel & Residences 416-637-2211 88 Scott 416-216-8588 Riverhouse at the Old Mill 416-766-7343 Two Old Mill 416-645-7022 RCM I on University 647-351-9247 The Berwick 416-922-9425 The Mercer 416-597-6940 Imperial Plaza 647-346-3799 Cumberland Tower - Yorkville Plaza II 416-966-3003 The Foxbar Collection at Blue Diamond thefoxbar.ca Studio on Richmond 647-352-7736 Tableau Condominiums 416-591-8887 Tableau Condominiums 416-591-8887 Tableau Condominiums 416-591-8887 The Bond Condominiums 416-546-7525 L Tower 416-777-2533 Perspective Condos 416-242-3500 Neon 416-987-7878 1000 Bay 416-485-3000 90 Niagara 416-981-0036 James 416-214-9900 SIXTY Colborne 416-601-0060 SIXTY Colborne 416-598-7775 Upper Beach Townes 416-693-7500 The Massey Tower 416-966-0197 Canary District Condominiums 416-603-7576 Canary Park Condominiums 416-603-7576 TEN93 Queen West 905-326-4100 Epic pureplaza.com Smart House 416-292-0219 Smart House 416-292-0219 Duke Condos junctionlife.ca King Charlotte 416-368-5262 Theatre Park 416-368-5262 The Harlowe 416-363-1771 Form tridel.com Empire Midtown empiremidtowncondo.com Eight Cumberland 8cumberland.ca Eight Cumberland 8cumberland.ca St. Lawrence Condos stlawrencecondos.ca YSL 416-483-3000 The Wyatt Condominium Suites 416-955-0559

TH* C* Price Range

• •

• • • •

• • • • •

•

•

• from $336,000 • from $541,000 • from $1020,000 • from $336,000 • from $400,000 • from $629,000 • from $500,000 • from $880,000 • from $550,000 • from $492,000 • from $480,000 • from $250,000 from $260,000 • from $310,000 • from $224,000 • from $250,000 • from $250,000 • from $349,000 from $350,000 • from $700,000 • from $300,000 • from $420,000 • from $2500,000 • from $241,000 • from $300,000 • from $336,000 • from $814,000 • from $1200,000 • from $435,000 • from $200,000 • from $340,000 • from $370,000 • • from $220,000 • from $835,000 • from $236,000 • from $320,000 • from $299,000 • from $600,000 • from $600,000 • from $320,000 • from $251,000 • from $320,000 from $900,000 • from $200,000 • from $360,000 • from $320,000 • from $320,000 • from $300,000 • from $300,000 • from $580,000 • from $2100,000 • from $510,000 • from $290,000 • from $560,000 • • • from $2200,000 • from $367,000 • from $300,000 • from $500,000 • from $500,000 • from $1762,000 • from $515,000 from $536,000 • from $440,000 • from $386,000 • from $350,000 • from $900,000 • from $300,000 • from $450,000 • from $350,000 • from $350,000 • from $409,000 • from $490,000 from $300,000 • from $400,000 • from $410,000 from $317,000 • from $496,000 • from $300,000 • from $551,000 • from $332,000 • from $335,000 • from $242,000 • from $280,000 • from $351,000 • from $442,000 • from $472,000 from $290,000 • from $435,000 • from $1990,000 • from $300,000 • from $300,000 • from $400,000 • from $400,000 • from $280,000 • from $220,000

Page

Finder 12N 14M 12F 14M M14 15D 25B 17M 22J 15H 14E 16L 9K 16L 17K 17K 13N 9L 18D 16J 15L 14J 14J 16K 16K 18M 18M 18M 15J 19L 17M 11F 16J 16I 14M 14M 9L 14D 17L 14G 14G 14D 23G 12N 13I 14D 14D 15F 15F 13M 13M 15I 14J 17L 17L 14I 14I 14I 15K 15M 16M 17M 5L 5L 14M 14E 15M 15I 15I 15I 15M 15L 15L 15L 15G 17L 4H 14D 15J 14O 14O 16L 16L 24G 16L 18L 18L 12F 12F 15L 15L 8K 15M 16M 15M 15L 10F 15I 15I 17L 16K 18J

*TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. Attention Builders - Want to add your community to our maps?

C: Condo Need to update existing information? Please fax the details to (416) 789-9554 Please refer to page number for complete information.

torontoregionalmaps: Toronto, East York, York

#

21 GREENLAND GROUP 22 MATTAMY HOMES 22 TRIDEL CORPORATION 22 MATTAMY HOMES 23 TRIBUTE COMMUNITIES 25 TRIDEL CORPORATION 28 EMPIRE COMMUNITIES 29 PINNACLE INTERNATIONAL 30 BUENA VISTA DEVELOPMENTS 31 WORSLEY URBAN PARTNERS 32 MADISON HOMES 34 ST. THOMAS DEVELOPMENTS 36 NEUDORFER CORPORATION 38 GREAT GULF 38 EASTON’S GROUP 38 CENTRE COURT DEVELOPMENT 40 FERNBROOK HOMES/CITYZEN DEV. 42 TRIUMPH DEVELOPMENTS 43 K-CAP LAIRD INC. 44 TRIDEL CORPORATION 47 PINNACLE INTERNATIONAL 48 MINTO COMMUNITIES INC. 48 CAMROST - FELCORP 49 LANTERRA DEVELOPMENTS 49 TRIBUTE COMMUNITIES 51 TRIDEL CORPORATION 51 TRIDEL CORPORATION 51 TRIDEL CORPORATION 53 LANTERRA DEVELOPMENTS 56 STREETCAR DEVELOPMENT 58 GREAT GULF 60 CANALFA GROUP 63 FERNBROOK HOMES/CITYZEN DEV. 63 THE GUPTA GROUP 64 LAMB DEVELOPMENT CORP. 64 BRAD J. LAMB REALTY 65 ARAGON PROPERTIES 67 PEMBERTON GROUP 68 HYDE PARK 70 STATE BUILDING GROUP 70 MADISON HOMES 71 TOWER HILL DEVELOPMENT CORPORATION 73 DIAM DEVELOPMENTS 75 CANALFA GROUP 78 EMPIRE COMMUNITIES 79 FREED

80 MATTAMY HOMES 80 BIDDINGTON HOMES 85 HARHAY DEVELOPMENTS 85 CARTTERA 99 GREAT GULF 104 ASPEN RIDGE HOMES 114 PLAZA 114 FERNBROOK HOMES/CITYZEN DEV. 117 BAZIS INC. 117 METROPIA 117 PLAZA 118 PEMBERTON GROUP 124 PINNACLE INTERNATIONAL 128 LIFETIME DEVELOPMENTS 129 CONCERT PROPERTIES 131 LANTERRA DEVELOPMENTS 131 TRIDEL CORPORATION 133 TRIBUTE COMMUNITIES 142 ANDRIN HOMES 148 GRAYWOOD/BEAVERHALL DEVELOPMENT 149 CAMROST - FELCORP 149 CAMROST - FELCORP 149 CAMROST - FELCORP 150 ASPEN RIDGE HOMES 153 URBAN CAPITAL 153 MALIBU INVESTMENTS INC. 153 ALIT DEVELOPMENTS 155 LIFETIME DEVELOPMENTS 157 CASTLEPOINT/CITYZEN/FERNBROOK 162 PIANOSI DEVELOPMENTS 185 PEMBERTON GROUP 190 CRESFORD DEVELOPMENT CORP. 199 FIELDGATE HOMES 199 BRAD J. LAMB REALTY 200 FREED 200 CARTTERA 201 SOLOTEX 206 MOD DEVELOPMENTS INC. 215 DUNDEE KILMER DEVELOPMENTS 215 DUNDEE KILMER DEVELOPMENTS 217 BAYWOOD HOMES 217 PLAZA 218 MALIBU INVESTMENTS INC. 218 URBAN CAPITAL 219 TAS DESIGNBUILD 220 LAMB DEVELOPMENT CORP. 221 LAMB DEVELOPMENT CORP. 222 LAMB DEVELOPMENT CORP. 223 TRIDEL CORPORATION 224 EMPIRE COMMUNITIES 225 GREAT GULF 225 PHANTOM DEVELOPMENTS 226 FERNBROOK HOMES/CITYZEN DEV. 227 CRESFORD DEVELOPMENT CORP. 228 THE DANIELS CORPORATION

77

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Steeles Ave

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401

25

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10 132

95

H * Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

torontoregionalmaps: North York

#

78

Builder

13 LIBERTY DEVELOPMENT CORP. 95 LINDVEST 121 LIBERTY DEVELOPMENT CORP. 134 ELAD CANADA 1 CONCORD ADEX 2 DEVRON DEVELOPMENTS 3 YYZED PROJECT MANAGEMENT 3 TIFFANY PARK HOMES 4 TRIDEL CORPORATION 5 LINDVEST 6 CONCORD ADEX 6 CONCORD ADEX 7 FRAM BUILDING GROUP 8 BAZIS INC. 9 SORBARA GROUP 10 LANTERRA DEVELOPMENTS 10 LANTERRA DEVELOPMENTS 11 MATTAMY HOMES 12 GHODS BUILDERS INC. 13 CASTLE GROUP DEVELOPMENTS 15 PHANTOM DEVELOPMENTS 16 URBAN CAPITAL 16 ALIT DEVELOPMENTS 17 CHESTNUT HILL DEVELOPMENT 17 HAVEN DEVELOPMENTS 18 KUBO DEVELOPMENTS 19 MADISON HOMES 20 MALIBU INVESTMENTS INC. 21 TRIDEL CORPORATION 22 TRIDEL CORPORATION 28 TRIDEL CORPORATION 33 LATCH DEVELOPMENTS 33 FIRST AVENUE PROPERTIES 34 DIAMANTE DEVELOPMENT CORP. 34 G GROUP DEVELOPMENT CORP 37 NORSTAR GROUP OF COMPANIES 50 DEVRON DEVELOPMENTS 95 ASPEN RIDGE HOMES 95 LINDVEST 96 ELAD CANADA 96 ELAD CANADA 96 ELAD CANADA 96 ELAD CANADA 122 LANTERRA DEVELOPMENTS 122 LANTERRA DEVELOPMENTS 122 LANTERRA DEVELOPMENTS 123 BRANDY LANE HOMES 124 TRIDEL CORPORATION 124 TRIDEL CORPORATION 125 FRAM BUILDING GROUP 130 TRIBUTE COMMUNITIES 132 FRAM BUILDING GROUP/CADILLAC FAIRVIEW

Site

Telephone TH* C* Price Range

Page

Finder

The Village Residences 647-622-8408 • 27 20D Super Sonic lindvest.com/supersonic • from $320,000 35 23G World on Yonge 905-771-7010 • from $281,000 26 18A The Peak emeraldcitylife.ca/thepeak • from $290,000 23 24D Opus 416-813-2999 • • 22C The Vanguard vanguardto.com • 18A VISTO vistocondos.ca from $267,000 8E Westhaven 416-792-6655 • from $633,000 23G Aristo at Avonshire 416-730-0300 • from $391,000 18D The Brownstones at Westown lindvest.com from $250,000 4C Tango2 at Concord Park Place 416-813-2999 • from $265,000 22C Omega On The Park 416-813-2999 • • from $200,000 22C SOUL mysoulcondos.ca from $250,000 25C Estates on Bayview estatesonbayview.com • from $1950,000 19D Beacon beaconcondos.ca • from $368,000 17C Rodeo Drive Condominiums rodeodrivecondos.com • 22F Rodeo Drive 2 Condominiums rodeodrivecondos.com • 22F Downsview Park Boutique Condos mattamyhomes.com • • 10D 5959 Yonge Street 416-222-5959 • from $302,000 18A Vida at Bayview Village 416-304-1212 from $250,000 20D Tea Garden Condos teagardencondos.com • from $200,000 19C The Ravine 416-850-2489 • • from $268,000 25E The Ravine 416-850-2489 • • from $250,000 25E Lotus Condominiums 416-222-8338 • from $306,000 19C SIX 25 BV six25bv.com • from $250,000 19C Marquette Urban Towns 416-551-9767 • from $250,000 14E Briar Hill madisonhomes.ca • • from $400,000 12F Southside Residences at Gramercy Park 416-703-2202 • from $290,000 13E Argento 416-663-1818 • from $370,000 22E Scala 416-730-0300 • from $300,000 22C Alto at Atria 416-645-8866 • from $334,000 25D The Bennett on Bayview thebennettcondos.com • from $250,000 17B The Bennett on Bayview thebennettcondos.com • from $250,000 17B The Diamond Condominiums on Yonge 416-961-8008 • from $268,000 17C Ellie Condos elliecondos.com • from $250,000 17C Portrait Condominiums 416-282-9600 • from $255,000 13C Flo Condominiums 647-799-0356 • from $322,000 18C Scenic on Eglinton 416-805-1781 • from $300,000 23G Sonic lindvest.com/sonic • from $212,000 23G Dreamtower At Emerald City 416-492-0001 • from $367,000 24C The Colours of Emerald City coloursofemeraldcity.com • from $290,000 24C Fifth on the Park 416-492-0001 • from $290,000 24C The Park Club Emerald City theparkclub.ca • from $290,000 24C Treviso Condominiums 416-787-8882 • from $203,000 12F Treviso II 416-787-8882 • from $263,000 12F Treviso III 416-787-8882 • from $250,000 12F The Station 416-398-9777 • from $467,000 12D Trio at Atria 416-645-8866 from $271,000 24C Parfait at Atria tridel.com 24C LIV Lofts 416-445-5638 • from $250,000 22F Canterbury 647-352-2130 • • from $951,000 19F Flaire Condos 416-445-8868 • from $305,000 22F

*TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide.

C: Condo Please refer to page number for complete information.

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to (416) 789-9554

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

d ett R

Av e

40

Dixon Rd Scarl

Da nf or th

Islington Ave

Kipling Ave

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Etobicoke

409

Rathburn Rd

21 44

34 Bloor St W

Dundas St W57

50 8

Queensway

14

QEW

9

22

Gardiner Expressway Evans Ave

2

Horner Ave

H

Park Lawn

73

16

Royal York Rd

Scarborough

28

Bl

Westway

d ll R Mi

Ki

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27

2A

Ranforth Dr

lva

al

30

10

1

401

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Sy

Martin Grove Rd

Re

xd

Centennial

RD

d

Finch Ave W

427

East Ave Port Union Rd

Galloway Rd

Ki

ng

n sto

Manse Rd

Orton Park Rd

Bellamy Rd

McCowan Rd

Brimley Rd

Victoria Park

G

4

11 n Av

* Due to scale restrictions, locators are d 1 approximate. Please see builder’s n R ads sto for exact locations. ng St. Clair Ave

Scarborough Golf Rd

o

Brim

Eglinton Ave E

F

Dr rton

Markham Rd

Kennedy Rd

27 71

nR

Sheppard Ave E

Morrish Rd

Progress Ave

3 Lawrence Ave E Rd

Warden Ave

Pharmacy Rd

E

55

Birchmount

Ellesmere Rd

401 Midland Ave

401

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Milner Ave

72

bio

Humberline Dr

23

Al

Beare Rd

Sheppard Ave E 26

Conlins Rd

C

Ave

Morningside Ave

evin

McL

Passmore Ave

Meadowvale Rd

Huntingwood Dr

Reesor Rd

Finch Ave E

B

Sewells Rd

Neilson Rd

McNicoll Ave

Tapscott Rd

McCowan Rd

A

21 22 23 24 25 26

5 56

6 19 24 17 18

39

Lakeshore Blvd W

# 57 71 1 2 3 4 5 6 8 8 9 10 10 11 13 14 14 14 16 17 18 19 21 22 23 24 26 27 28 30 34 39 39 44 50 50 55 55 55 56 61 71 72 73

Builder PINNACLE INTERNATIONAL LASH GROUP OF COMPANIES INSOHO DEVELOPMENTS STANTON RENAISSANCE LALU CANADA YOUR HOME DEVELOPMENTS VANDYK GROUP OF COMPANIES CONSERVATORY GROUP TRIDEL CORPORATION TRIDEL CORPORATION WILKINSON DEVELOPMENTS LASH GROUP OF COMPANIES CARTTERA SCOLLARD DEVELOPMENT OPEARL DEVELOPMENTS INFINITY DEVELOPMENTS LAURIER HOMES MUTUAL DEVELOPMENTS CONCERT PROPERTIES TIMES GROUP CORP. MATTAMY HOMES ICON HOMES MENKES DEVELOPMENTS INC. MENKES DEVELOPMENTS INC. CITYCORE DAVIES SMITH GEMTERRA GLOBAL KINGDOM MINISTRIES LIBERTY DEVELOPMENT CORP. TERRANATA DEVELOPMENTS INC. EDILCAN DEVELOPMENT CORP. MATTAMY HOMES MATTAMY HOMES TRIDEL CORPORATION PEMBERTON GROUP NORTH STAR HOMES TRIDEL CORPORATION TRIDEL CORPORATION TRIDEL CORPORATION PHANTOM DEVELOPMENTS VHL DEVELOPMENTS LTD. LASH GROUP OF COMPANIES SAMM DEVELOPMENTS HI-RISE (WEST) INC.

torontoregionalmaps: Scarborough, Etobicoke

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

Site Telephone TH* C* Price Range Page Finder Pinnacle Etobicoke 416-596-1600 • from $300,000 5 22G Me 2 Condos 416-630-9393 • from $250,000 55 8D Imagine Condos 416-367-7303 from $235,000 4F On The Go Mimico 647-692-8417 • from $200,000 23H Evo Condos + Towns evocondos.com • from $220,000 3D Sweet Life Condos 647-351-5440 • from $200,000 10E Backyard Neighbourhood Condos backyardcondos.com from $250,000 24G Altitude 416-321-1659 • from $230,000 25H Islington Terrace 416-645-8862 • from $250,000 23F Bloor Vista at Islington Terrace 416-645-8862 • $250,000 23F Hunt Club Terrace 416-698-3020 • $,000 2H Cloud 9 Condominiums 416-747-0199 • from $240,000 22B Cloud 9 Condominiums 416-747-0199 • from $240,000 22B Guildwood 416-266-3655 • from $200,000 8F Sail Condominiums sailcondos.ca • $,000 2C Residences at The Hunt Club 416-699-1711 • from $300,000 2G Upper Beach Club upperbeachclub.com • from $390,000 2G Upper Beach Club upperbeachclub.com • from $390,000 2G The KIP District thekipdistrict.com • from $250,000 22F Key West Condominium keywesttorontocondo.com from $320,000 25H Lago 647-347-5930 • from $744,000 25C Royal York Urban Towns 416-901-0206 • from $220,000 24H Dwell City Towns 416-259-2525 • from $390,000 20F Humber Mews 416-259-2525 • from $550,000 20H Harmony Village 416-493-0123 • $,000 2C Eleven Superior 416-259-8882 • from $311,000 24H Joy Condos joycondos.com • from $220,000 4C Trinity Ravine Towers 647-876-5433 • from $200,000 7D Terrace on Danforth 416-987-7575 • from $278,000 2G The Step 416-798-7070 • from $145,000 23B Triumph at Valhalla 416-233-5554 • from $250,000 21F Waterscapes 416-495-3544 • from $414,000 26H Waterscapes 416-495-3544 • from $400,000 26H West Village 416-620-1887 • from $386,000 20F Vivid Condos 416-239-8200 • from $391,000 23F Connexion at Islington northstarhomesinc.com • from $300,000 23F Avani At Metrogate 416-293-5535 • $309,000 4C Avani 2 At Metrogate 416-293-5535 • from $250,000 4C Selene Metrogate 416-293-5535 • from $280,000 4C Jade Condominiums 416-762-8818 • from $305,000 25G Haven On The Bluffs 416-2611-9555 • from $292,000 3E Me Condos 416-430-0003 • from $250,000 8D The Kennedys Condominiums KennedyCondos.com • from $220,000 4C Spice Urban Towns 416-932-3443 • from $390,000 2G

*TH: Townhomes, Attention Builders - Want to add your community to our maps?

Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554

79

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Toronto Waterfront

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waterfrontmaps: TORONTO

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

80

#

Builder

Site

Telephone TH* C* Price Range

Page

Finder

1

MENKES DEVELOPMENTS INC.

Harbour Plaza

416-591-7700 •

from $350,000

Insert

14F

3

MATTAMY HOMES

Vita On The Lake

mattamyhomes.com •

from $350,000

BC

2F

15 THE DANIELS CORPORATION

Lighthouse East Tower Condominium Residences 416-221-3939

• from $300,000

13

16F

2

Concord Adex

The Lakefront

thelakefront.ca

•

12F

4

TRIDEL CORPORATION

Aquabella Bayside Toronto

tridel.com • from $1200,000 16E

4

TRIDEL CORPORATION

Aqualina at Bayside Toronto

416-514-2710

• from $336,000 16E

4

TRIDEL CORPORATION

AquaVista at Bayside Toronto

416-514-2710

• from $814,000 16E

5

CONCORD ADEX

Exchange Condos

exchangecondos.ca

•

12F

10 GREAT GULF

Twenty Lombard

416-499-8883

• from $543,000

16K

58 GREAT GULF

Monde

416-466-8885 •

• from $340,000

17E

60 CANALFA GROUP

Liberty Central by the Lake Two

416-537-0047

• from $320,000

11F

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to 416-789-9554

W

Rathburn Rd

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27

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6

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27

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Etobicoke Waterfront

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

69

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400

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48

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Telephone TH* C* Price Range

Bradford Tecumseth and Tottenham On The Go Mimico 9

LindsayWhitby 7 Waterfront

Alliston,

Adjala 9

DAVIES SMITH

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647-692-8417 • 48

Lake

og

Scug

Page

Scugog

Manvers Finder

from $200,000 23C

King

Newcastle

Schomberg Eleven Superior

416-259-8882 •

from $311,000 23C Whitby

Oshawa

401

5

DAVIES SMITH

Hearthstone by the Bay

416-259-4466 • 24C

6

SCOLLARD DEVELOPMENT CORP.

Boathaus

boathaus.ca • from $198,000 22I

11 MATTAMY HOMES

Waterscapes

416-495-3544 • from $414,000 13B

18 MATTAMY HOMES

Riva Del Lago

647-347-5930

28 EMPIRE COMMUNITIES

Eau Du Soleil - Waterfront Condominiums

416-503-3328 • from $500,000

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

• from $806,000 24C

25B

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to 416-789-9554

waterfrontmaps: GTA

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905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North

Sid

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

ra

Rd

Builder

5

URBAN CAPITAL

Site M City

Telephone TH* C*

Price Range

mcitycondos.com • from $199,000

Page

Finder 19

20L

concordseasons.ca • 28-29

5N

905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North

#

11 CONCORD ADEX

Seasons Condominiums

17 PEMBERTON GROUP

Mills Square

pembertongroup.com • from $300,000

craftsmancondos.com from $310,000 21N

16 18M

1

VANDYK GROUP OF COMPANIES

The Craftsman

2

THE DANIELS CORPORATION

Olivia Marie Gardens

905-874-8880

3

CASTLERIDGE HOMES

The Clairington

905-793-0002 • from $230,000 16E

3

PINNACLE INTERNATIONAL

The Marquee Townhomes on the Park 905-568-9000 • from $720,000 20K

4

CONSERVATORY GROUP

Mirage

905-232-2400 • from $260,000 20K

5

AMACON

Block Nine

905-273-9333 • from $200,000 20L

6

MATTAMY HOMES

The Residences of Creekshore Common mattamyhomes.com

7

SYMMETRY DEVELOPMENTS

Lake & East Condominium Residences lakeandeast.com • from $350,000 16S

9

EMPIRE COMMUNITIES

Senses Condominiums

905-845-7246 • from $195,000 17Q

10 AMACON

The Residences at Parkside Village

905-273-9333 • 21K

11 ADI DEVELOPMENT GROUP

Station West

11 ADI DEVELOPMENT GROUP

The West Condominiums at Stationwest adidevelopments.com • from $190,000 5N

12 SPALLACCI HOMES

101 Locke Condos

13 GREAT GULF

The Chelsea

14 PEMBERTON GROUP

Rosedale Village Golf & Country Club 905-799-5000

15 ADI DEVELOPMENT GROUP

Link2 Condos+Lofts

905-592-2028 • from $225,000 5M

16 VANDYK GROUP OF COMPANIES

Windows on the Green

905-822-3333 from $410,000 19N

17 PEMBERTON GROUP

Downtown Erin Mills Condominiums 905-630-6300 • from $320,000 18M

17 PEMBERTON GROUP

Downtown Erin Mills Condominiums Tower 2 905-603-6300 • from $320,000 18M

19 METROLY DEVELOPMENTS

The 6ixth

20 CARRIAGE GATE HOMES

The Berkeley Downtown Burlington theberkeleycondo.com • from $340,000 5M

21 VALERY HOMES

Royal Connaught Phase II

royalconnaught.com • from $300,000 5N

21 SPALLACCI HOMES

Royal Connaught Phase II

royalconnaught.com • from $300,000 5N

30 PINNACLE INTERNATIONAL

Pinnacle Grand Park 2

905-276-3981 • from $266,000 20L

30 PINNACLE INTERNATIONAL

Pinnacle Grand Park

905-276-3981 • from $300,000 20L

34 PINNACLE INTERNATIONAL

Pinnacle Uptown

905-568-9000 • from $300,000 19K

45 EMPIRE COMMUNITIES

Rain Condominiums

47 THE DANIELS CORPORATION

ARC Daniels Erin Mills

• from $200,000 14K

• from $406,000 14R

adidevelopments.com • from $200,000 5N

101lockecondos.com

• 5N

905-844-1605 • from $220,000 16P •

• from $204,000 13F

the6ixthtowns.com • from $300,000 16P

empirerainsenses.com • from $350,000 17Q 905-306-6996 • from $300,000 17M

SEARCH ONLINE ypnexthome.ca *TH: Townhomes, Attention Builders - Want to add your community to our maps?

Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554

83

WhitechurchStouffville

A

East

Mt Albert Rd

Millard St

Yo

Legacy Park

5

7 407

11 Concess ion R

13 LIBERTY DEVELOPMENT CORP.

10 Concess ion R

Steeles Ave E

Site

9 Line

Builder

Hwy. 48 le Dr

14 Ave

Town of Markham

Raymervil

Rd

e

#

34

Bullock Dr Hwy 7

Aldergrove Dr

n

de

Al

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

Steeles Ave W

3 407

404

Major Mackenzie Main St S

8

7 17

404 St

45

Kennedy Rd

John

Warden Av e

e

Clark Ave W

18 Ave

16 Ave Carlton Rd

Ave

13

32

Thornhill Henderson Av

Centre St

Yonge St

407

31

16th Ave.

Woodbin e

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1

7

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4

rn Ave

n to

Denham Dr

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50

46 44 48

43 10

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Weldrick Rd W

7 Langstaff Rd

Elgin Mills Rd

Major MacKenzie

Richmond Hill

Rutherford Rd

11 40

401

404

Leslie St

Regent St Mill St

Elgin Mills Rd Neal Dr

St

Maple

rkland St

Bathurst

St

9

400

19th Ave.

Gamble Rd

n

407

16

19 Ave McCowan Rd

2 15 Dufferin

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7

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401 401

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Hwy. 27

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Stouffville Rd

E

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To wn of W hitby

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19 Ave

41

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21 22 23 24 25 26

Bethesda Sideroad

Major Mackenzie

F

Leslie St

n Rd

6

48

Keele St

Teston Rd

King Rd

Bloomington Rd

y Cr

D

Nashville Rd

Jane St

Weston Rd

Pine Valle

k Rd

Kirby Rd

404

400

Vandorf Sideroad Kennedy Rd

Woodbin e Ave

King-Vaughan Rd

C

McCowan Rd

Aurora Rd

Warden Ave

B

Bayview Ave

9 Concessio

Vivian Rd

St John's Sideroad

Langstaff Rd

84

47

Bloomington Sideroad

Cold Cree

12 Line Rd

905regionalmaps: Maple, Thornhill, Richmond Hill, Vaughan, Markham, Stouffville, Ajax, Whitby, Oshawa

1 2 3 4 5 6 7 8 Town9 of 10 11 12 13 14 15 16 17 18 19 20

Markham

Denison St

Telephone TH* C* Price Range 905-731-8302 • from $300,000

Page

Finder

26

10G

31 PEMBERTON GROUP

Sky City 2

905-709-5700 • from $350,000

6

12F

32 LIBERTY DEVELOPMENT CORP.

Royal Gardens

905-889-9997 • from $303,000

26

15F

48 THE GUPTA GROUP

Icona Condominiums

theicona.com • from $290,000

59

6G

1

LIBERTY DEVELOPMENT CORP.

Cosmos III Condominiums

2

ROYAL PINE HOMES

Hampton Place

2

GERANIUM HOMES

Vista Flats and Towns at Cardinal Point geraniumhomes.com • from $390,000 9C

3

TRIBUTE COMMUNITIES

Varley

905-604-1477 • from $550,000 19F

4

TRIDEL CORPORATION

Renaissance of Richmond Hill

416-736-9500 • from $795,000 14E

5

LINDVEST

Grand Cornell Brownstones in Markham 905-294-6161 from $340,000 23F

6

ARMOUR HEIGHTS DEVELOPMENTS

The Sorrento

8

WYVIEW GROUP

Unionville gardens

9

PEMBERTON GROUP

Indigo Condiminiums

cosmoscondos.ca • from $250,000 6G royalpinecondos.com • from $390,000 9C

289-637-1777 • from $400,000 13B unionvillegardens.com • from $200,000 18F 905-553-1430 • from $320,000 9E

10 GREAT LANDS CORP.

The Beverly Hills Resort Residences 905-882-6636

11 DUKA DEVELOPMENTS

Oggi Boutique Townhomes

• from $277,000 12E

15 GERANIUM HOMES

Pace on Main

16 PODIUM DEVELOPMENTS

University Studios

17 REMINGTON GROUP

York Condos Downtown Markham

905-948-9900 • from $650,000 1&F

31 PEMBERTON GROUP

Sky City

905-709-5700 • from $300,000 12F

32 45 CHARLES LTD.

Royal Gardens

905-889-9997 • from $303,000 15F

32 SIGNATURE COMMUNITIES

TAO Boutique Condos

905-597-2535 • from $364,000 15F

34 SIERRA HOMES

68 Main Street

905-305-0822 • from $250,000 21E

40 NOVA TRIMAX

Allegra

905-850-6866 • from $200,000 1F

41 QUADCAM DEVELOPMENT GROUP INC

Vista Parc Condominiums

905-850-8883 • from $200,000 3F

43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION

Grand Palace

905-907-4370 • from $250,000 12E

43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION

Grand Palace Phase I

905-907-4370 • 12E

43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION

Grand Palace Phase II

905-907-4370 • from $250,000 12E

44 LIBERTY DEVELOPMENT CORP.

Centro Square Condos

905-851-8887 • from $333,000 5F

45 KYLEMORE COMMUNITIES

The 6th Angus Glen

905-887-9950 • from $625,000 19E

46 PLAZA

The Met

47 TREASURE HILL HOMES

Urban Town Living in Pickering

oggitowns.com • from $320,000 1G 905-591-1071 • from $370,000 10C universitystudios.ca • from $150,000 25 B

pureplaza.com • from $660,000 6F treasurehill.com

• from $390,000 16A

*TH: Townhomes, Attention Builders - Want to add your community to our maps?

Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554

Ontario’s best source of real estate information to

buy, rent or sell 17-0011 M CITY CONDOGUIDE_COVER_JAN21_FINAL.pdf

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2017-01-12

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JAN 21 - FEB 4, 2017 VOLUME 25, ISSUE 2, FREE

JAN 21 - FEB 4, 2017 VOLUME 2, ISSUE X, FREE VOLUME 21, ISSUE 2, FREE

GTA EDITION

GTA GTAEDITION EDITION

WHY 2017 IS STILL A GOOD YEAR TO BUY A HOME

C O M I N G S P R I N G 2 017

> M I S S I S S A U G A’ S F U T U R E S T A R T S H E R E . mcit ycondos.com

INSIDE THIS ISSUE INSIDE THIS ISSUE

2017 IS STILL A GOOD WHY THE URBAN/SUBURBAN DEBATE 7 LUXE LOOKS THAT YEAR TO BUY A HOME CONTINUES FOR HOME HUNTERS WON’T BREAK THE BANK NOTE THAT THIS CALLOUT IS AND THAT THE BAR IS ALWAYS HIT SHIFT F7 AND DISTRIBUTE ALWAYS YPNH GREY IN COLOUR WHITE ON BOTTOM OF PAGE SPACING AT 0.2074 INCHES

001 CG_Cvr_01-21-17.indd 1

DEC 3, 2016 - JAN 21, 2017 VOLUME 19, ISSUE 22, FREE (7 WEEK ISSUE)

SOUTHWESTERN ONTARIO EDITION

INSIDE THIS ISSUE

BUILDING CITIES AND CREATING JOBS

4 QUESTIONS TO ASK YOUR MORTGAGE BROKER

GTA HOME PRICES HIT ANOTHER RECORD HIGH

1/13/17 11:02 AM

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北約克公寓最尊貴之作 —

Seasons at Concord Park Place

C

M

Y

CM

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CY

CMY

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INSIDE THIS ISSUE

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PROVINCE DOUBLING LTT REBATE FOR FIRST-TIME BUYERS

WHY SOUTHWESTERN ONTARIO ROCKS AS A HOUSING MARKET

SUMMERLYN VILLAGE | GREAT GULF

01-Cover-NHG.indd 1 2017 Model Home Cal NHG_Cover.indd 1

YOUR PULL-OUT GUIDE to highrise, conversion, loft, terrace & townhome condo projects

2017 MODEL HOME CALENDAR AN EXCLUSIVE COLLECTION OF THE MOST BEAUTIFUL NEW HOMES

本期內容

金雞獻瑞新年活動

2017 MODEL SUITE CALENDAR AN EXCLUSIVE COLLECTION OF THE MOST BEAUTIFUL CONDOS

RODEO SUITE | LANTERRA DEVELOPMENTS

11/15/16 10:12 AM 11/10/16 2:46 PM

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星巴克效應 尋找下一個社區𥚃𥚃𥚃𥚃𥚃𥚃𥚃𥚃𥚃𥚃𥚃𥚃

2017雞年風水

INDEX OF ADVERTISERS Bazis Inc. - No1 Yorkville

3

Biddington Homes - Vita On The Lake

BC

Camrost - Felcorp - Blue Diamond at Imperial Plaza

1

Canadian Property Investor - Promo

Concord Adex - Seasons Condominiums

67

28-29

Liberty Development Corp. - Wish Condos

25

Liberty Development Corp. - World on Yonge

26

Lindvest - Super Sonic

35

Madison Homes - Zigg Condos

43

Marlin Spring - West Beach

51

BC

Cresford Development Corp. - CASA II

IBC

Mattamy Homes - Vita On The Lake

Cresford Development Corp. - CASA III

IBC

Menkes Developments Inc. - 365 Church

Insert

Menkes Developments Inc. - 87 Peter

Insert

Menkes Developments Inc. - Fleur

Insert

Menkes Developments Inc. - Harbour Plaza

Insert

Cresford Development Corp. - Corporate

88

Cresford Development Corp. - Halo Residences on Yonge

IBC

Cresford Development Corp. - Model Suite of the Month

73

Cresford Development Corp. - The Clover on Yonge

IBC

Menkes Developments Inc. - The Eglinton Yonge at Heart

Insert

Cresford Development Corp. - VOX

IBC

Pemberton Group - Corporate

Insert

Insert

Dream - Ivy Condos

39

Pemberton Group - Time and Space Condominiums

ELAD Canada - The Peak

23

Pemberton Group - Mills Square

Family of magazines - Promo

85

Pemberton Group - Sky City 2

6

Fieldgate Homes - Zigg Condos

43

Pemberton Group - TEN93 Queen West

7

Fieldgate Urban - Heartwood the Beach

47

Pinnacle International - Pinnacle Etobicoke

5

Plaza - No1 Yorkville

3

Great Gulf - Home Power + Adelaide

Home + Style Studio Tour and Sale - Focal Point

9

70-71

Plaza - Plaza Midtown

16

14-15

Lamb Development Corp. - East Fiftyfive

63

The Daniels Corporation - Lighthouse East Tower Condominium Residences 13

Lash Group of Companies - Distinction Condos

55

The Gupta Group - Icona Condominiums

59

Lash Group of Companies - Me 2 Condos

55

The Sher Corporation - Ivy Condos

39

Lash Group of Companies - The Barrington Condominiums Flats

55

Tridel Corporation - Via Bloor

Liberty Development Corp. - Legacy Park

26

Urban Capital - M City

19

Liberty Development Corp. - Royal Gardens

26

What’s Online - Promo

87

Liberty Development Corp. - The Village Residences

27

YP Next Home - Promo

8

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COMING SOON

residences on yonge

CRES 50254 Condo Guide DPS FA.indd All Pages

Now Selling these fine communities

BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST’S CONCEPT. E. & O.E.

Halo Residences 480 Yonge Street Inspired by Baccarat 416.485.3000 haloresidences.com

The Clover 595 Yonge Street Construction Starting Soon Inspired by Van Cleef & Arpels 416.485.3000 thecloveronyonge.com

Vox Yonge & Wellesley Under Construction Furnished with Diesel Living 416.485.3000 voxcondominiums.com

Casa III Yorkville Under Construction Sky Suites from $959,900 Lobby to be furnished with Hermés 416.486.CASA (2272) casacondominium.com

Casa II Yorkville | Move in Now Signature Penthouses from $1,179,900 Furnished by MissoniHome 416.486.CASA (2272) casa2condominiums.com