GTA New Condo Guide, Feb 15, 2014

Feb 15 - Mar 1, 2014 Volume 18 Issue 04

Yorkville living.

Above the ordinary.

THE PENTHOUSE COLLECTION FROM $1.5 MILLION

INSIDE THIS ISSUE

HOW TO DEDUCT MORTGAGE INTEREST

CITY/SUBURBS: CHOOSING THE RIGHT LOCATION

FAVOURITE FINDS AT IDS 2014

Tridel. Everywhere you want to be.

FOR THOSE IN THE KNOW.

This is Yorkville at its best.

COMING SOON A NEW SIGNATURE RESIDENCE AT CUMBERLAND AND AVENUE ROAD

PR E VI E W R EG ISTR ATIO N AT TH ECU M B E R L AN D.CA BROkERS PROTECTED.

editor’s note

Get it in writing

Susan Legge

Editor-in-chief

Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook Search: Condo Guide

Buying a brand-new home offers you an opportunity to customize it to your liking. It can be a dream come true and an investment for the future – but don’t forget, it’s also a legal transaction.

The term “get it in writing” has never been more important in the case of the new-home purchase, since such a document outlines everything your home will have in it, on it and around it. Otherwise known as the Agreement of Purchase and Sale, the contract spells out the terms and conditions between you and your builder. Without it, if there is a misunderstanding or disagreement, it’s impossible to prove what was agreed upon.

Since building a home is much more complicated than a resale transaction where the unit and/or property likely already exists, there is

no set Agreement of Purchase and Sale or standard contract for buying a new home. In some provinces, builders may have standard contracts prepared by the local home builders’ association or their new-home warranty program. Builders often prepare their own agreements, so contracts can vary from one builder/ developer to another and from province to province.

Before you sign a contract, review it carefully with the builder and ask questions to make sure you fully understand what it contains. Your next step is to then take it to a real estate lawyer and have it reviewed.

Once it is signed, it becomes a legal document and an agreed-upon contract, so seeking the services of an experienced real estate lawyer is an important step toward ensuring that your dream home becomes a reality.

So many reasons to love condo living

Lydia McNutt

Editor

Wall2Wall Media Lydia.McNutt@wall2wallmedia.com Follow me on Twitter at Twitter.com/LydiasTweets

002 new Condo Guide feb 15 - mar 1, 2014

There are so many reasons to make a new condo your home. One of them is the sheer variety of condo styles to choose from. Builders today are delivering everything from soaring sky-high suites to intimate midrise building, and more private townhome communities that offer the benefits of detached home living, without having to shovel the snow yourself!

Speaking of maintenance, if you cringe at the thought of dragging the trash out to the curb, mowing the lawn and washing your windows, condo living could be the solution.

Yes, you pay monthly maintenance fees, but when you consider what you get in return, you’ll see it’s money well spent.

Are you a jet-setter or a young professional who spends little time at home? With the maintenance taken care of and no worries about your home’s security while you’re away, condo living offers the freedom to live a life unfettered.

Along these same lines, many condo dwellers find it reassuring to know that their neighbour is just a few steps down the hall.

A condominium is a vertical community where you’ll get to know like-minded folks who share your fitness facilities, pool, rooftop gardens, games rooms, libraries and lounges, all steps from your front door.

Raise your lifestyle to new heights in a new condo. You’re sure to be impressed, and inspired.

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FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 003

new condo guide

contributors

Vice-President, Wall2Wall Media

Jacqueline Hill Editor-in-Chief / Director of Content

Susan Legge Director of Sales, National

Josh Heppner Associate Publisher SWO New Homes & Lifestyle Communities

Susan Maxwell Art Director

Sarah Jang Editor

Lydia McNutt Contributing Editors

BILD Report

Legally Speaking

Designer Advice

Bryan Tuckey

Jayson Schwarz

Yanic Simard

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).

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.

Yanic Simard is New Condo Guide’s design editor and the principal designer of the Toronto Interior Design Group, specializing in residential and commercial projects. Simard has created designs for clients in Toronto, Montreal and Miami, and appears as a regular guest expert on Citytv’s CityLine.

Visit tidg.ca

Sara Duck Wayne Karl Elisa Krovblit Design Editor

Yanic Simard

Sales Manager

Conni Robinson Senior Account Executive

Dionne Fraser dionne.fraser@wall2wallmedia.com Senior Account Executive

Nina Downs nina.downs@wall2wallmedia.com

Sales & Marketing Co-Ordinator

Terry Bassett Administrative Assistant

Antoinette Jackson Production Manager

Bala Gnanapandithan Production Co-Ordinator

Sandra Hanak-Vujnovic Condo pro

Barbara Lawlor 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.

Investor Advice

Style File

Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto condo market. Visit TrueCondos.com/ NewCondoGuide for a free gift.

Contact Andrew at 416.371.2333 or andrew@truecondos.com

Paul Semkuley is an interior stylist and principal of Re:Source Lifestyles. His love of art, fashion and design brings a unique aesthetic to everything he touches. Visit online at resourcelifestyles.com and follow him on Twitter at @resourcelifestyles.

Andrew la Fleur

Paul Semkuley

Graphic Designers

Caroline Wassef Sandra Hanak-Vujnovic

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Circulation Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices.

Copyright 2014 All rights reserved by Wall2Wall Media.

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. Editorial submissions from interested parties will be considered. Email to susan.legge@wall2wallmedia.com.

The views and data expressed by columnists do not necessarily represent those of the publication.

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Fundamentally Speaking

Wayne Karl

Wayne Karl is an awardwinning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. Email wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

Make Your Move

quick tips

Chuck Resnick is vice-president of marketing and operations at Two Men And A Truck – Canada, a division of Heron Capital Corp. He can be reached by visiting online at twomen.ca and by calling 416.204.0007.

Hellen Buttigieg is a certified professional organizer, life coach, TV host and owner of We Organize U. Visit her website, WeOrganizeU.com, for a free e-book on how to find more time, energy and inner peace. Call 905.829.2219 or email info@WeOrganizeU.com

Chuck Resnick

004 new Condo Guide feb 15 - mar 1, 2014

Hellen Buttigieg

Please recycle this magazine! Wall2Wall Media participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada.

Established in 1990, this program was started with Scouts Canada to help replenish the environment.

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009

bild report

// By bryan tuckey

the Investment-ready are next step for communities home building

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).

T

his column often addresses the problems that new-home buyers and the home-building industry face.

I would like to start proposing solutions that will help overcome some of these hurdles and ultimately make new homes more affordable for the 100,000 people who come to the GTA every year and want to make the largest purchase of their lives.

We don’t claim to have turnkey solutions that will unlock the industry and make new-home buying easy. It is a complicated process that requires knowledge, innovation, preparation and, most of all, patience.

However, we think the concept of investment-ready planning deserves a serious look, if not as a solution than as an innovation that opens up discussion on making new homes more affordable.

Ultimately, new-home buyers should know that “investment-ready” is a concept that would streamline the 010 new Condo Guide feb 15 - mar 1, 2014

home-buying process, cut red tape and save them time and money.

Premier Kathleen Wynne announced an investment-ready program last August, calling it “Canada’s first province-wide certified site program.”

“It shows companies around the world the places in your municipalities that are ready to be developed, giving them some certainty about environmental concerns, utility lines, servicing access,” the premier said at the time.

“It means businesses can quickly make more informed decisions and help expansion projects get underway sooner. For municipalities, it provides another tool to promote your communities, attract new investment and foster growth.

It does that up-front work that’s so critical.”

Investment-ready means businesses and developers can make quicker decisions on selecting sites, and that would lead to a faster approval process for greenfields, intensification and other projects.

In fairness, clearing red tape is one of the planks of PC Leader Tim Hudak’s Million Jobs Act. Streamlining the building process is all about cutting red tape to get to outcomes, and investment-ready communities focus those desired outcomes to attract economic investment and building complete communities.

Investment-ready planning is also a solution offered up by the land development and home-building industry during the 80-day consultation of the land use planning and appeals system, which ended on Jan. 10.

We don’t claim to have turnkey solutions that will unlock the industry and make new-home buying easy. It is a complicated process that requires knowledge, innovation, preparation and, most of all, patience.

In a document from the Ontario Home Builders’ Association and supported

by BILD, we state that investment-ready communities are “necessary to compete for new global investments or changing economic forces.”

But there’s a gap between the province and many of its municipalities that has led to implementation delays and extra costs: Official Plans and zoning bylaws often don’t conform to the provincial Growth Plan.

To give Ontario an advantage in the global economy and create investmentready communities, a logical step would be ensuring that municipalities update their local Official Plans every five years and zoning bylaws within three years of an OP update. That will lead to more certainty and fewer building delays, fewer appeals to the Ontario Municipal Board and a stronger economy.

And that means less time and money spent by new-home buyers and businesses. I think we all want that.

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FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 011

table of contents

Feb 15 – Mar 1, 2014 volume 18 issue 04

20

Cresford elevates your life with the Luxury Penthouse Collection at

Casa II

Sweetest Suites

Lindvest

The Brownstones at Westown Model suite captures Lindvest’s design panache

94 002 Editor’s note Columnists

columns, news & features

010 bild report Investment-ready communities are the next step for home building by bryan tuckey

016 Condo Pro Movin’ on up

by barbara Lawlor

018 legally speaking When do you need a lawyer and what does it cost? by jayson schwarz

022 taxing issues Building equity

by henry choo chong

030 Fundamentally Speaking Watch the changing retail landscape to evaluate your neighbourhood

by Wayne Karl

038 Make Your Move Ten tips for moving with dogs

by Chuck Resnick

076 Money Matters Creating the illusion of scarcity

by Gail Vaz-Oxlade

080 Designer Advice Favourite finds from IDS14

by Yanic Simard

In The News

052 Quick Tips Take time for yourself

014 CMHC Report Housing starts to stabilize in 2014 and 2015

057 Investor Advice The one thing all top-selling condos have in common

032 Menkes RealNet data shows Menkes was 2013 top highrise builder

by Hellen Buttigieg

by Andrew la Fleur

044 RBC Poll Saving for retirement outranks reducing debt

054 CMHC Report January 2014 housing starts 058 Cityzen, Fernbrook & DiamondCorp Garrison Point celebrates the good life with a Vespa contest 100 Pianosi developments Perspective Condos buyers Wine, Dine and Design 104 Lash The Morris model suite a must-see at ME Condominiums

38

108

designer profile

108

116 Remington Group Remington Group makes headlines

Q&A with Johnson Chou

128 Cresford Cresford launches new smartphone app

by Lydia McNutt

Homebuyers’ Help

024 Style File Making your place your own

by Paul Semkuley

condo profiles

033 Condo Sense Location versus lifestyle and the looming budget issue

by Lydia McNutt

046 Hot Topic The Smith Manoeuvre: Deducting mortgage interest

28

28

Concord Adex

Forward New condo features forward-thinking architecture, amenities and lifestyle

by George E. Dube

056 Hot Dates What’s happening in and around the GTA 064 Finances Tips to find the money to begin investing today

42

072 condo Checklist

1 Yorkville 1 Yorkville...

Reimagined.

Bazis/Plaza

084 condo watch 416 Previews, new releases and grand openings in the 416 092 Event Winter Warm-Up on the Toronto Waterfront 094 Sweetest Suites Model suite captures Lindvest’s design panache 108 Designer Profile Q&A with Johnson Chou 110 condo watch 905 Previews, new releases and grand openings in the 905 area 118 Mortgage Matters Mortgage essentials for the rookie homebuyer 121 Condo Buyers’ Resource Section You love the home, see what you can afford 126 Index of advertisers

70

Easton’s Group

42 70

Dundas Square Gardens At the centre of it all

CMHC Report

Housing Starts to Stabilize in

2014 and 2015

Canada Mortgage and Housing Corp. (CMHC) expects the number of housing starts to stabilize in 2014 and 2015. Support from improved economic and

demographic fundamentals will be tempered by a combination of a modest and gradual increase in mortgage rates and a slowdown in demand from firsttime buyers, according to CMHC’s first quarter 2014 Housing Market Outlook, Canada Edition1.

“With a relatively high number of units currently under construction, we expect builders will gradually adjust their activity in order to reduce their level of inventory,” says Mathieu Laberge, deputy chief economist for CMHC. “Housing demand for resale market homes will continue to be sustained despite expected modest and gradual increases in mortgage rates toward the end of the forecast horizon,” Laberge adds.

On an annual basis, housing starts are expected to range between 176,600 and 199,800 units in 2014, with a point forecast of 187,300 units, relatively unchanged from 187,923 units in 2013. In 2015, housing starts are expected to range from 163,200 to 206,600 units, with a point forecast of 184,900 units.

014 new Condo Guide feb 15 - mar 1, 2014

Multiple Listing Service (MLS2) sales are expected to range between 436,000 and 497,000 units in 2014, with a point forecast of 466,500 units, up from 457,485 in 2013. In 2015, sales are expected to range from 443,400 to 506,000 units, with an increase in the point forecast to 474,700 units.

The average MLS price is forecast to be between $380,100 and $400,700 in 2014 and between $384,300 and $409,900 in 2015.

CMHC’s point forecast for the average MLS price calls for a 2.1-per-cent gain to $390,400 in 2014 and a further 1.7-per-cent gain to $397,100 in 2015.

As Canada’s national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions. For more information, call 1.800.668.2642 and follow CMHC on Twitter @CMHC_ca

1 The forecasts included in the Housing Market Outlook reflect information available as at Jan. 22, 2014. Where applicable, forecast ranges are also presented in order to reflect financial and economic uncertainty.

2 Multiple Listing Service (MLS) is a registered trademark owned by the Canadian Real Estate Association.

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condo pro

// by barbara lawlor

Movin’ on up

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 sales of condominium developments in the GTA and overseas. Keep current with The Baker Blog at blog.bakerrealestate.com

W

hen it comes to condominiums, I often hear about people “downsizing” from large, maintenance-heavy homes to enjoy a more carefree lifestyle. In fact, there is a substantial market of people who move up to larger suites once they have been bitten by the condominium bug. It may simply be a case of wanting more space than they anticipated when they purchased their first condominium suite, or perhaps they have investment in mind and feel that a

With Toronto’s reputation for offering a high quality of living on a world scale, it is easy to understand why many families are choosing condo living 016 new Condo Guide feb 15 - mar 1, 2014

higher square footage will get them a higher resale price. Smart buyers also realize that if they make their purchase during the pre-construction phase, their suite will probably have increased in value by the time their occupancy date rolls around.

I am also seeing an influx of families opting to live in condominiums in Toronto, and why not? With Toronto’s reputation for offering a high quality of living on a world scale, it is easy to understand why many families are choosing condo living. The city is home to parks and walking trails, excellent schools, shopping, entertainment and cultural venues – everything a family needs to make life complete! These families appreciate the benefits that an urban environment brings with it, and many find that a lowrise home in the city is out of their price range. They can often afford a substantial condo suite – and builders are including more three-bedroom designs to accommodate this demand. Plus, the amenities such as a pool, exercise facilities, spa, party room and lounge are in essence extensions of their living space.

Then there are the fortunate few for whom money is no object – and when they move up, it’s to something beyond spectacular. Usually, people who can afford whatever they desire buy a spacious penthouse that can be customized.

If a couple selects a suite of 3,000 sq. ft., for example, they might want to have separate living and dining rooms for a more traditional layout, or the opposite may happen – they may want to knock down walls in the main living area in order to have an open space for grand entertaining.

In some of the most fabulous penthouses, there is space to add an exercise room, pool or whirlpool as well, so owners enjoy a totally private retreat. They may even be able to have a private elevator and staff quarters with a separate entrance. How grand is that?

Elite buyers also have the choice of some of the most sumptuous appointments from all over the world. How about a pasta tap at the back of the stove, or a barbecue feature in the kitchen? I have seen appliances bought separately and then built into the kitchen so that with the push of a button, they rise out of the counter. For the upscale buyer, the bathroom can become an elegant spa-like area with a lavish soaker tub, steam room and rainforest shower. A special wall designed to accommodate an art collection, a sculpture garden on the terrace – the possibilities are endless when the budget is unlimited.

And for some, being pampered to the nth degree is part of the package. In Toronto, people now have the option of choosing a combination 5-star hotel with residences above it. How wonderful life will be with the ability to use world-class amenities and tap into incredible hotel services without ever leaving the comfort of home.

For those who “upsize” as a lifestyle choice, there is an exciting selection of larger condominium suites available on the market in luxurious twobedroom, two-bedroom-plus-den and three-bedroom designs. If you can afford to buy what you dream, you can make your dream come true!

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ETOBICOKE WATERFRONT | LAGO | UNDER CONSTRUCTION | FROM $219,990 Sales Centre located at 2167 Lake Shore Blvd. W. 416-495-3544

ETOBICOKE WATERFRONT | WATERSCAPES | UNDER CONSTRUCTION | FROM $399,990 Sales Centre located at 2167 Lake Shore Blvd. W. 416-495-3544

THE KINGSWAY | EPICUREAN | NOW OPEN | FROM $241,990 Sales Centre located at 4195 Dundas St. W. Entrance on Prince Edward Dr. 416-495-3530

MARKHAM | GARDEN COURT | UNDER CONSTRUCTION | FROM $394,990 Appointment Only 416-495-3595

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MonarchGroup.net Prices, specifications and promotions are subject to change without notice. E.&O.E.

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Renderings are artist’s concept and images are for mood and impression only. E.&O.E. 9379

legally speaking

// by jayson Schwarz

what when do you and does it need a lawyer cost?

L 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.

018 new Condo Guide feb 15 - mar 1, 2014

ately I have had a large number of homebuyers come to me after the 10-day cooling-off period in their offer has expired. When I ask why they waited, I get one of two standard responses: “I didn’t think I needed a lawyer until it was time to close,” and “The sales agent told me I didn’t need a lawyer until it was time to close.” Wrong on both counts – get a lawyer early!

A lawyer must advise you at the time you make your offer, and it is critical that you see a lawyer before your deal is firm. It is important that your lawyer explains all the costs you will face, and the potential changes and delays you may encounter. Insist on this, and if you don’t get what you want or need, see another lawyer. Lawyers are service providers, just like anyone else, and as the customer, you should get the necessary information to make an educated decision. There is a clothing retail chain that I remember in Florida that has a slogan which sounds sort of like, “An educated consumer is our greatest asset.” This holds true for much of life and seeing as a home is one of the most important purchases you will ever make, it’s your job to become an educated consumer.

Okay, what about that lawyer? First of all, you are going to pay the fee – whatever the amount the two of you agreed upon. You did of course have a pre-agreed fee, didn’t you? Then there is the list of disbursements. Disbursements are those monies expended by your lawyer on your behalf which are necessary to properly search and seal the deal. Be careful, it is here that someone may try to take advantage by charging large fax, mail and photocopy fees. Make your lawyer justify all expenditures that don’t make sense.

Disbursements are generally between $450 and $650, and include such things as electronic searches, registration, execution searches, title insurance, cheque certification, status certificates for condos, and more.

Don’t forget about the applicable taxes.

Generally speaking, your first meeting with your lawyer should be free until the time you retain him or her as your lawyer. Retain? What that simply means is “hire.” Make sure the retainer agreement is in writing and that it sets out all of the services the lawyer is going to perform and what the lawyer’s and staff’s hourly rates may be if they perform services in excess of those included in your “package price.”

Make sure you get a disbursement list with suggested maximums so that you have something to work from in your budgeting.

When you retain your lawyer, you want the same certainty you would get in any contract.

CO NST RUC TION STA RTIN G THIS SPRIN G

Condominium Residences at Yonge and Eglinton Direct subway access - Starting from the $300’s

ECONDOS.CA Presentation Office located at 2300 Yonge Street, Lobby

@BazisInc

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

416.243.8688 FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 019

cover story

THE NEXT LEVEL OF YORKVILLE LIVING Elevate Your Life with the CASA II Luxury Penthouse Collection

The next level of chic Yorkville living is here.

The

spectacular new Penthouse Collection at Cresford’s CASA II Condominium raises the bar in sophisticated living with an array of stylish urban designs, great city views and upscale finishes. Offering all of the architectural grandeur and lifestyle that Cresford is known for, CASA II goes one step further with a unique style statement – the amenity spaces in the building will be furnished with internationally renowned fashion label, Missoni Home.

As an innovative homebuilder, Cresford always looks for uniquely distinctive ways to set their communities apart. This approach has been very successful in past Cresford communities – NXT, which has interior furnishings by Fendi CASA, and CASA I, with furnishings by Armani CASA. Their newest condominium in Yorkville, CASA III, will have its lobby furnished with French luxury brand, Hermes.

CASA II continues this unique tradition through its association with legendary Italian fashion label, Missoni Home. At CASA II, inspirations and emotions are woven together into a unique tapestry of Missoni Home colours, textures and styles. It’s a distinctive fashion language that speaks volumes without saying a word.

The sculptural 56-storey glass tower by acclaimed Peter Clewes of architectsAlliance will present a dramatic façade in the Yonge and Bloor neighbourhood.

The magnificent atrium lobby makes a distinguished statement of arrival, with a soaring 20-ft. ceiling and a luxurious ambience where every pattern and every design is a tribute to the famed artistry of Missoni.

020

With a vision to replicate the Bloor Street fashion mile, the arrival forecourt of CASA II will be transformed into an exciting, vibrant and pedestrianfriendly space, energized with 24/7 life and vitality.

Both Charles Street and Hayden Street will be enhanced with wider granite sidewalks, enchanting new lighting and landscaping. The street revitalization program will turn this strip of Yorkville into a chic and bustling promenade, a place to see and be seen, a magnet for celebrity-spotting.

Residents have the exclusive use of two floors of spectacular social, fitness and recreational amenities. A magnificent outdoor pool and deck is the perfect place to relax and recharge after a busy day. The trendy wi-fi lounge is a cool spot to hang out. Rejuvenate yourself in the sumptuously appointed spa. There is also an elegantly designed party room with catering kitchen for stylish entertaining and two luxurious guest suites for the benefit of your overnight company. Other fine amenities include a fully equipped fitness facility with his/her change rooms, a large outdoor terrace with barbecue and cabana-style seating, and a cosy residents’ lounge.

CASA II offers a fine array of penthouses, culminating in the luxurious 2,468-sq.-ft. (1,757-sq.-ft. suite with 711-sq.-ft. balcony) three-bedroom design.

Every penthouse is designed with elegance and detailed to perfection with a selection of high-end features and finishes. Residents can enjoy panoramic views of the city from floor to ceiling windows and wraparound balconies.

Bright, spacious, airy open-concept interiors and a

choice of designer-selected flooring in the main living areas are complemented with premium kitchen features such as natural stone or quartz countertops, ceramic tile backsplash and stainless steel appliances.

CASA II is located in the heart of Yorkville, Canada’s most exclusive luxury shopping and culture district.

Known for its sensuous glamour and world-class elegance, Yorkville is home to designer label shopping, gourmet eateries and fine hotels, with such iconic names as Prada and Pusateri’s, Gucci and Cartier, Holt Renfrew and Williams-Sonoma. With renowned museums and galleries, you’ll find art and culture at virtually every corner. Chic salons and spas let you pamper yourself in style, while award-winning restaurants invite you to indulge your taste buds. This is the cultural heart of Toronto, where the best things in life are at your doorstep.

CASA II is a signature development of Cresford, an established residential developer with a reputation for consistently meeting and exceeding the condominium needs of its purchasers. Cresford’s sophisticated condominiums in Toronto include Merton Yonge Condominiums, Thornwood, NXT I and II, Windermere and the iconic CASA. Cresford believes in doing things differently and doing things right – with an enthusiastic commitment to the homeowner, their life and style.

The presentation centre is located at 170 Merton St. Visit the website at Casa2condominiums.com or call 416.486.CASA (2272) for additional information.

021

taxing issues

// By henry choo chong

building equity investment. Today’s historically low interest rates make purchasing a home extremely appealing – particularly if your rent paid is greater than $1,000 per month. Why should you pay someone else’s mortgage?

Consider the following:

Henry Choo Chong is a certified general accountant. He sits on many committees and provides accounting and tax services to individuals and businesses in the GTA. He can be reached at 416.485.5225. Questions to Taxing Issues can be emailed to choochonghcga@yahoo.ca

The opinions and views expressed herein are those of the author and not those of New Condo Guide. New Condo Guide does not necessarily endorse or encourage any specific tax strategies.

Please consult a tax professional for advice specific to your particular situation.

Q

Currently, my wife and I are renting. However, we would like to buy a home and build some equity. Can you offer some advice for a young, upwardly mobile couple? Geoffrey and Diane, Toronto

A

There are many investment vehicles that can give you healthy returns. You do not necessarily have to buy a home to increase your wealth. However, a home is one of the only tax-free investments still available to the middle class. Buying a home is a long-term commitment and

022 new Condo Guide feb 15 - mar 1, 2014

›› Determine what you can afford and stick to that price. All too often, buyers tour several homes and the only one they desire happens to be thousands of dollars over their budget. Remember, keep your head out of the clouds. Commit to a mortgage, not a stress asylum. ›› Shop and negotiate with several financial institutions for the best interest rate, terms and conditions. You may be surprised at how competitive the banks are for your mortgage business. Shopping for a mortgage can be as easy as a few clicks of your mouse. ›› Set a formal plan to help save for a first home. Sit down, plan the steps necessary to achieve your goals, and follow through! ›› Improve/maintain your credit rating by paying all your bills on time.

One-day-late payments are still considered late. This could influence your negotiating power for the best mortgage. ›› Make sure current monthly mortgage payments are manageable and will continue to be so even when interest rates rise in the next several years and payments increase. ›› Put down as much as possible to avoid taking out a high-ratio mortgage that incurs additional cost and interest. A five-per-cent down payment on a home leaves little equity. ›› Set aside an additional three per cent of the purchase price of the home for closing costs such as Land Transfer Tax, legal fees and disbursements, moving costs and other incidentals. Speak to your lawyer who will be able to give you the heads up on what to expect. ›› Take advantage of the first-time Home Buyers Plan (HBP) to use your Registered Retirement Savings Plan (RRSP) as part of the down payment.

An individual and spouse, provided they qualify, may withdraw up to $25,000 each from their RRSP, tax-free, for a total of up to $50,000 toward your home and other purchase-related costs. If you have never used the HBP, contribute your savings for the home into your RRSPs and take advantage of the tax deduction. Then, use these savings for a down payment. You will have 15 years to repay the amounts to your RRSP, starting after the second year of your withdrawal.

Continue to follow the real estate market trends and buy when you are ready, not when the market is ready for you.

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Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artists concepts. Prices and specifications 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.

%

DOWN

Style File

// By Paul Semkuley

Making your place your own

Paul Semkuley is a Toronto-based interior stylist and principal of Re:Source Lifestyles.

He combines his love of art, fashion and design to offer unique styling and design services across the GTA. Call 416.888.9227, visit online at resourcelifestyles.com and follow him on Twitter at @resourcelifestyles

M

any of us have fond memories of living at home with our parents, and getting the “our house, our rules” speech and being grounded for painting the walls a horrid colour to our parents’ dismay. We couldn’t wait to get out into the real world and do it “our” way. “Its only paint,” we’d retort, but this somehow never appeased the folks.

Some of us were fortunate to move out sooner than others, usually to university or college, but it still meant we were living under strict policy – dorms (and at fraternity or sorority houses, anything goes!) or a cheap rental with a landlord who was so feared that you didn’t dare risk painting the walls any colour other than beige. So, we let the walls be neutral and focused instead on the furniture. Not a bad approach, in my opinion.

024 new Condo Guide feb 15 - mar 1, 2014

Interestingly enough, in today’s decorating world having neutral walls can actually be the right thing to do – especially for those afraid of making a colour commitment. Think of your home as a blank canvas, and you can inject colour, and create whatever and however you want, using your furniture, artwork, accessories and rugs as the medium. These all are an opportunity to add pattern, colour and styles, harmonizing a beautiful and unique space.

As you begin the decorating process, start by establishing the larger pieces – the sofa and area rug.

The sofa should be proportionate to the room. A clean, sleek shape with narrow arms suits a small room, and doesn’t waste space. I like to use a neutral fabric – something that will wear well and anchor the room.

Accessorizing with patterned and solid pillows in a complementary colour scheme is sure to bring excitement to the sofa and space.

Area rugs can also be your beginning point of reference for your living area, especially if there is a particular pattern and colour that you are fond of.

I prefer the use of rugs over carpets, as they come in various sizes, colours and designs, but they also allow you to show the surrounding flooring.

The same thought process should also be used within other areas of your space: beds and night stands need to be proportionate to one another and within the bedroom, the scale of lamps to the size of the table and room. The same goes for dining spaces. However, as more condos and lofts are offering a more casual setting, you may forgo the dining table and chairs, and simply use stools at the kitchen counter, which you allow you to have more “living” space.

Once these key elements have been found, the rest of the decorating will fall into place. It can be taken to an eclectic mix of aesthetics and styles, or a very minimalist, monochromatic, sleek and chic point of view. Whatever you choose, it will truly be yours… Finally!

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FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 025

026

027

condo profile

Forward

Concord Adex launches latest condo boasting forward-thinking architecture, amenities and lifestyle

c

oncord Adex has launched the latest phase at their Concord CityPlace neighbourhood in downtown Toronto with a 30-storey condominium tower they call Forward. This latest Page + Steele-designed offering will connect with Newton Condominiums, an 18-storey tower at Bathurst and Fort York Boulevard which launched this past September.

Newton was offered with a host of special amenities not normally found in condominium complexes that were aimed at people with some artistic flair and with a hankering to express it. Now, residents at Forward will also enjoy the art, photography, dance, and even recording studios that they will share with Newton, plus they will have access to the extensive amenities now being built just across from them in the Prisma Club at Concord Adex’s Quartz. Residents of Forward will never suffer from a lack of choice when wanting to relax, unwind or work out!

Forward isn’t just located right in the midst of a mountain of amenities, its location in the city puts it in an exceptionally well-connected spot for just about everything.

Forward isn’t just located right in the midst of a mountain of amenities, its location in the city puts it in an exceptionally well connected spot for just about everything Right now a walk along Bathurst Street south from Front will provide you with good views of nearby new buildings, interesting adjacent construction sites, as well as long vistas down the tracks to the city’s core.

But the street itself does not feel particularly wellconnected to anything along the stretch right now. In a few years however, those current construction projects will be new homes, shops, attractions and parks, and Bathurst will have a very connected, very lively feel.

028 new Condo Guide feb 15 - mar 1, 2014

Here’s what’s going on in the area, and how Forward fits in. Forward’s location just east of Bathurst Street between Fort York Boulevard and Housey Street puts it right in the middle of many things that are under construction now, or are planned for the near future. ›› NORTH Forward will be right across the street from Toronto’s soon-to-becompleted 99th library and Mouth of the Creek Park immediately north of it. The library will connect you to the world, while the park will offer lots of interesting spaces for both relaxation and activity. It will connect to a major new bicycle and pedestrian pathway running for kilometres through the city, stretching east from the core, to the Waterfront trail running west, and to the West Toronto Railpath heading northwest, connecting a swath of fascinating Toronto neighbourhoods.

Go a little further north along Bathurst and cross the tracks, and a new development at Front promises to bring a new Whole Foods grocery store. A short walk beyond that are all the great restaurants and clubs of King West and Queen West. ›› SOUTH Right across the street to the south, a future supermarket is going to offer you the ultimate convenience in grocery shopping.

Between it, Whole Foods, and the Concord CityPlace Sobey’s, you may just be in the best place in Toronto to buy groceries.

Keep going south and you will find yourself at the Waterfront Trail, the city’s Harbourfront Parks, and

everything that they offer, both beside the water and on it.

›› WEST Cross Bathurst street to the west and you’ll find yourself

with plenty more recreational opportunities. Some of Toronto’s most historic ground is right across the street at Fort York, soon to have a beautiful new Visitor’s Centre to interpret our earliest years. Its green space also hosts several festivals during the year. It will also soon connect to June Callwood Park, a brilliant design by Toronto’s gh3 that’s now under construction, and Exhibition Place with its huge roster of events and games is just beyond that. ›› EAST If you head east of Forward, you’ll be wandering into CityPlace of course, a neighbourhood that is quickly turning into a community, where you’ll find a weekly Farmer’s Market during the warm months of the year, more parks and play fields, a growing selection of shops and restaurants, and Canada’s largest concentration of public art pieces. Wander through it to the other end and you’ll be at the Rogers Centre, Ripley’s Aquarium, and everything else Toronto’s core has to offer.

So, Forward will have an enviable location and great amenities, putting the best of Toronto at the feet of residents of this exciting new development.

Visit the Concord CityPlace presentation centre, located at 23 Spadina Ave. The presentation centre is open from 10 a.m. to 6 p.m. Monday to Friday, and from 11 a.m. to 6 p.m. weekends.

Call 416.813.0999 or visit cityplace.ca.

029

fundamentally speaking

// by wayne karl

Watch the changing retail landscape

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. He can be reached at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

to evaluate a neighbourhood

While the expansion may not have gone quite as planned, with Canadian consumers not exactly enthralled with Target’s product offerings and pricing strategy, there’s no question the move will continue to have a significant impact on the Canadian retail landscape – particularly as the company builds greenfield outlets in new locations.

Now comes news that Walmart plans to spend $500 million completing 35 supercentre projects over the next year. The U.S. retailer says it will spend more than $376 million to build, expand, relocate or remodel stores, as well as invest additional funds on operational improvements.

For homeowners and prospective homebuyers, this is all good news – and a very good reason to pay attention. Such major retail developments are a significant influence on land development and housing.

When the likes of Target, Walmart and RONA set up shop, particularly in a new location, it’s a good sign an area could be on the upswing.

Like proximity to mass transit, schools and other amenities, being close to shopping is a major attraction for builders and, of course, prospective

Large retailers and commercial ventures don’t just pop up in the middle of nowhere or in declining neighbourhoods

I

t was almost one year ago – March 2013 to be exact – that Target Corp. began opening the first of its approximately 125 stores in Canada.

The U.S. retail giant announced in 2011 it was moving north with a $1.8-billion acquisition of up to 200 Zellers store leases, with most of the initial openings coming from renovating existing Zellers locations.

030 new Condo Guide feb 15 - mar 1, 2014

homebuyers. These features are among the key determining factors to enjoying your home while you live there, as well as for potential resale value in the future.

Large retailers and commercial ventures don’t just pop up in the middle of nowhere or in declining neighbourhoods. These companies make careful, long-range and well planned-out decisions in lockstep with municipalities and developers, based on hard data, research and demographic information.

This is why major retail expansion is good news: it’s an indicator the economy continues to strengthen; and, for those looking to buy a home, it’s a sign to look out for new or expanding neighbourhoods and solid buying opportunities.

Such retail developments, combined with the associated employment gains and economic and infrastructure improvements, point to new and expanding homebuying options.

So, while you’re out there looking for your new home, look around for the big box stores. If they see a bright future for your prospective neighborhood, chances are it will make a sound buying decision for you.

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In The News

MENKES FINDS ITSELF OCCUPYING THE HIGHRISE MARKET’S PENTHOUSE

RealNet data shows Menkes was 2013 top highrise builder; developer responsible for nearly one of every 10 condo sales last year

Nearly one out of every 10 new condominium suites sold across the Greater Toronto Area last year was a Menkes condo, according to an industry report released recently. The 2013 Strategic Review of the GTA’s housing market from RealNet Canada Inc. and the Building Industry and Land Development Association (BILD), showed that Menkes’ Harbour Plaza Residences was the condominium market’s topselling site of 2013.

“The market response to the launch of Harbour Plaza Residences was overwhelming,” says Alan Menkes, president, High-Rise Residential, Menkes Developments Ltd. “The release of the site’s West Tower was met with incredible demand, followed by a successful limited release of suites in the East Tower.

We believe that the strong market reaction was due to the fantastic attributes at Harbour Plaza, particularly the direct PATH connection, which is a rare feature in today’s condo market.”

With strong launches for both Harbour Plaza towers, Menkes sold 858 condominium units in 2013 according to RealNet. That single project sales total was the highest total for any new condominium development in the GTA last year.

The RealNet Strategic Review showed that Menkes also had the fourth best-selling condo site, with 311 sales at its 365 Church condominium development.

Sales at Harbour Plaza and 365 Church, combined with sales at other Menkes sites across the GTA last year, including 87 Peter, Fabrik, Pears on the Avenue and Gibson Square, resulted in 1,511 sales, and a 9.3-per-cent share of the market.

“In a year where both launches and sales were down on an industry-wide basis, Menkes found itself with nearly 10 per cent of the condo market,” says Alan 032 new Condo Guide feb 15 - mar 1, 2014

Menkes, pointing to the fact that his company’s cumulative sales in 2013, across all its sites, were nearly double the total sales for the year’s next best-selling developer.

“Heading into 2013 we were confident that distinctive locations, iconic architecture and design, and smart pricing would drive sales,” adds Menkes. “Today, looking back on last year, it’s evident that our confidence in the market – and our approach predicated on location, design and price – proved well placed. We were honoured by the response of consumers to the launch of Harbour Plaza and 365 Church, and their continued support of our other highrise sites, and we are looking forward to continued success in the year ahead.”

About Menkes Menkes Developments Ltd. is a fully integrated real estate company involved in the construction, ownership and management of office, industrial and residential properties. Menkes was founded in 1954 by Murray Menkes, who initially carried on business as a developer of single-family homes. Over the years, the company expanded significantly and branched out into other areas of real estate, and is now one of the largest private Canadian developers of residential, industrial and office properties. Menkes is one of the leading home builders in the Greater Toronto Area, with over 20,000 units to its credit, including single-family and condominium residences. The Company’s recently completed projects include 25 York (Telus House) – an awardwinning, Leadership in Energy and Environmental Design (LEED) Gold office tower in downtown Toronto, and the new, five-star Four Seasons Hotel & Private Residences in Bloor-Yorkville. For more information about Menkes, please visit menkes.com.

49 STOREYS. 1 ADDRESS.

c ming s on Introducing the city’s most connected address.

A downtown condominium overlooking the bustle of the city and the beauty of the lake. Walking distance from Toronto’s most savoury restaurants, bars and cafes, and a stone’s throw from incredible shopping, cultural attractions, Air Canada Centre and the Rogers Centre.

Rich with amenities. Enriched with possibility.

Introducing 87 Peter.

Register at menkes.com

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Your life storey starts here. facebook.com/MenkesLife

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Prices and specifications are subject to change. E.&O.E. February 2014.

Condo Sense

// by Lydia McNutt

Location versus lifestyle

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

Lydia’s love of architecture, interior design and the written word have landed her happily at home at Wall2Wall Media, where real estate rules. Email Lydia.McNutt@wall2wallmedia.com, and follow her on Twitter @LydiasTweets

Y

ou’ve heard it a million times, and you’ll hear it many more if you’re in the market for a new home: location, location, location.

It’s a key factor that involves so much more than just geography.

Where you choose to live is often defined by your budget and lifestyle. Downtown locations offer proximity to work and amenities, and higher density housing – which could be a pro or a con, depending on how you look at it. On the other hand, suburban settings often mean more home for your money and more privacy, but longer commute times and less convenience.

Then comes the looming question of budget: can you afford to buy your dream home in your dream location? According to Priced Out, a recent report by Pembina Institute and RBC that looks at rising home prices in

and the looming budget issue

central locations, homebuyers – particularly first-timers – have to make a tough choice. With today’s limited stock of single-detached houses in Toronto and an ever-increasing appetite for them – and in turn, skyrocketing prices – there are only two places for new homebuyers to go: up, and out of the city.

“Demand has shifted to more affordable multi-unit homes for homebuyers and renters wanting to live in established neighbourhoods,” the report states.

While availability of downtown detached homes is dwindling, demand is increasing. Priced Out indicates that the GTA’s population is expected to grow by 44 per cent in the next 25 years, and all those people have to live somewhere. But you don’t have to look a quarter of a century ahead to know that there’s a high demand for homes in the GTA and in most of Canada’s major cities.

According to the Royal LePage House Price Survey and Market Survey Forecast released earlier this year, we’re ramping up for a seller’s market in 2014. “We predict continued upward pressure on home prices as we move towards the all-important spring market,” says Phil Soper, president and chief executive of Royal LePage. “In addition to normal [spring-time] demand, housing prices in Canada this year will be influenced by buyers who put off purchase plans in the very soft spring of 2013.” Add the current low interestrate environment into the mix, peppered with fear of rising rates, and all signs point to increased demand now and in the near future.

To get into the market, homebuyers are setting their sights on more affordable multi-family homes, such as condominiums, or are facing a move into the suburbs – which are also picking up in popularity as well as price, by the way.

continued on page 34…

feb 15 - mar 1, 2014 new Condo Guide 033

An RBC-Pembina Home Location Study released in 2012 found over 80 per cent of GTA residents would sacrifice a large home and yard for a “location-efficient” neighbourhood. However, the study also found that more than 70 per cent of GTA residents live where they do because of affordability rather than preference.

Location

“A different set of location criteria governs the condo buyer as opposed to a single-family homebuyer,” says Yan Gurevich, sales representative with Harvey Kalles Real Estate (YanGuru.com). “Family size, lifestyle requirements and convenience take precedence over school districts, parking and neighbourhood demographics.”

Gurevich points out that many condominium developments are clustered. Think Liberty Village, Front and Spadina, Yonge and Eglinton, and the North York City Centre areas. “Here, the focus is on building self-contained communities in close proximity to downtown, jobs, public transit, shopping, restaurants, arts and entertainment. You can guess what type of person this suits very easily.”

On the other hand, those in the market for a singlefamily home may be willing commute to access all these urban conveniences in exchange for suburban benefits – the right school district, abundant greenspace, and more square footage for their money, Gurevich adds.

For buyers who are putting location at the top of their must-have list, Gurevich says there are plenty of pickings. “With the condo market in the GTA continuing to provide great variety of new and resale units, buyers will have their pick of location, location, location,” Gurevich says.

Lifestyle

For those willing to give up some square footage for the conveniences that come with an urban address, things are looking up in Toronto’s condo landscape. In fact, the city has landed at the top of the list when it comes to current highrise construction, the count at 130, according to Emporis, a global provider of building information. We beat out New York City’s 91 highrises now in the works, followed by Montreal at 25. Ninetytwo per cent of Toronto’s highrises are residential, almost all condominium ownership versus rental 034 new Condo Guide feb 15 - mar 1, 2014

buildings, giving new condo shoppers plenty of choice and competitive pricing.

The growing popularity of condos in the GTA has influenced many home builders to shift their focus from strictly bachelor layouts to more family-friendly suite designs.

According to Don Kearney, manager of customer communications and social media at Menkes Developments Ltd., “It is safe to say that there is definitely an increase in families who are choosing condo living, especially given the fact that three-bedroom units are allowing for this, and that they’re generally mandatory in most new condo developments,” he says.

It’s not just the suites themselves that are accommodating family living. “Menkes hosts ‘Meet Your Neighbour’ parties for our new buildings that have occupied, and we also have a recreation director on-site to provide programming for residents; at these events we’ve definitely noticed an increase in families who attend events and use the recreation services,” says Kearney.

Condo buyers in the GTA are getting the best of both worlds: affordability over the detached home market, and quite possibly even more convenient locations that their detached counterparts. If you’re willing to give up that second storey and backyard, a condo could be the perfect choice for you.

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*As per price list. Limited time offer. Offer based on a select number of units. Price, information and program subject to change without notice. For qualified buyers on approved credit. All renderings are artist’s concept. Prices, specifications and availability subject to change without notice. E&O.E. Brokers protected. See Sales Representative for details.

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 035

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036 NEW CONDO GUIDE FEB 15 - MAR 1, 2014

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FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 037

make your move

// by Chuck Resnick

10 tips for moving with dogs 03 04

Chuck Resnick is vice-president of marketing and operations, Two Men and a Truck Canada. twomenandatruck.ca

M

oving can be one of the most stressful events in life, so why should that be any different for your pets?

Here are 10 tips on how to move with your dog:

01

Under no circumstances should you place your dog in the back of a moving truck. Even “safely” tucked in a well-ventilated pet carrier, the truck is almost always hot (even in winter) and, of course, the doors are closed.

Your dog will most likely want to play with the movers and everyone else, so take him or her to a kennel, dog spa or have a friend or relative dog-sit at their home. Those will be the best places for your furry friend; then you can devote your total attention to your moving activities.

02

038 new Condo Guide feb 15 - mar 1, 2014

If your dog must be with you during your move, keep him or her outside or out of the movers’ way. Dogs crave the attention of strangers and can create obstacles which will impede the move.

Have treats on hand for moving day to keep the dog quiet. It’s also a good way to get your dog to listen and obey. And, it’s a great idea to have water and nutritious human treats for your movers as well.

Pack a separate box of your dog’s favourite toys. Once at your new condo, your dog may be frightened of the new surroundings, so having familiar playthings ready will reduce stress levels.

Don’t forget that your dog will be excited on moving day and will need plenty of water. Exercise is the best way to get your dog ready, more relaxed and calm for when the movers arrive. Depending on your dog’s age and size, draining his or her energy level may not be easy, so plan frequent walks. I know that a 30-minute walk barely makes a dent in my dog’s energy level.

Make sure you let your pet out for bathroom breaks. Nothing will ruin your moving day experience more than a “surprise” from your dog inside your new abode.

05 06 07

If your dog will be around during the move, let your movers know ahead of time. You’d be surprised how many people are afraid of dogs, whether large or small, and some people suffer from allergies.

08

If your dog will be around during the move, let your movers know ahead of time. You’d be surprised how many people are afraid of dogs, whether large or small, and some people suffer from allergies.

After the move you will be busy unpacking, but don’t ignore your dog. Take regular and long walks if you can to explore your new neighbourhood together, or even take short breaks from unpacking to play. Time together will help your dog be better behaved during this change in environment.

Have fun – moving into new digs is a time to celebrate. Have the movers take a picture of you, your family and your dog in your new condo. What a perfect reminder of the day you just shared.

09 10

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OOR Brokers Protected. Illustrations are artists concepts. Prices, specifi cations and programs are subject to change without notice. E.&O.E. All brand names, logos, images, text and Exclusive Listing: CityLife Realty Ltd. Brokerage.

ST W 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.

039

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newhomeguide.ca 040 NEW CONDO GUIDE FEB 15 - MAR 1, 2014

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See Sales representative for full details. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept. 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 written permission of The Daniels Corporation, is strictly prohibited. See Sales Representative for full details.

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 041

condo profile

1 Yorkville...

Reimagined.

w

hat’s in a name? Many things. A name can evoke any number of emotions, recognition or praise. At first sound it signifies a personality, a certain temperament, while what lies beneath its letters is the story. It’s heart.

A name has power and it commands a landscape where one is inspired to repeat it. Right now, that moment is here – in Toronto, with 1 Yorkville.

This rare condominium will be a first in the city: a building that demonstrates its prowess in a town that demands it. Imagined by award-winning architect Rosario Varacalli – and built above the fully restored Yorkville Village buildings of the 1860s – its cool design parallels the neighbourhood vibe: upscale, sophisticated and inspired. Architectural elements feature Varacalli’s creativity and love of formidable composition. Wrapped in faceted metallic ribbons, 1 Yorkville tower is visually singular, slender and elegant, while the aesthetic also has purpose generating a unique interplay of shadow and light. The textured surface embraces the environment it surrounds when the Toronto sun blazes across the exterior, giving off the impression of a glittering and sparkled cityscape. Indoors, expect original art installations exclusive to the condominium’s double-height lobby that complements the chic noir and slate grey furnishings and fixtures.

042 new Condo Guide feb 15 - mar 1, 2014

The building provides a contemporary expression of elegance and intrigue, celebrating the energy of this desirable location and its metropolitan nature.

Paramount to a property’s stance is its location, and 1 Yorkville is a poised address.

At the corner of Yorkville Avenue and Yonge Street, the premise will set a new standard for lavish living in the city’s toniest district.

Strolling distance from the finest designer boutiques – Hermes, Gucci, Louis Vuitton, to name but a few – it’s also minutes away from Daniel Boulud’s Café at the Four Seasons or a chilled glass of Moet at the Hyatt’s Roof Lounge.

Options are endless, made all the more accessible with the convenience of the Bloor and Yonge subway lines and PATH. Life is busy. It pulls us in a multitude of different directions each day bringing forth a new challenge to tackle or another place to be. Balance is something we all strive for and, at 1 Yorkville this harmony is ever-present in the style of its service and commitment to creating a sanctuary.

Day-to-day living is made all the more exceptional with their Signature Concierge Service. This exclusive, private concierge acts as a capable, discreet private butler at your disposal any time of the day, any day of the week. The variety of services is tailor-made to suit the personality of the person and an attention to detail that makes the offering bespoke and truly one-of-a-kind in the city.

Observers are quick to say the three-floor amenity space on offer at 1 Yorkville is “spirited,” “inspired” and “elegant” – all of which is true – but it’s also impressively

functional. Whatever you fancy, whether you are a person of leisure or adventure, you will find it in this sprawling expanse. From the Spa Floor offering top-tier plunge pools, steam rooms and an otherworldly Aqua Massage to the Fitness Level with its pro Cross Fit studio, state-of-the-art cardio equipment and gym, to the Rooftop Entertainment Level with outdoor theatre and barbecue dining, one can’t help but be met with the feeling that this is what true luxury feels like.

This bears repeating: 1 Yorkville is a first for Toronto. It’s a property that asserts its personality while also remaining connected to its surrounding community. Aspire to live in its dream.

1 Yorkville is coming soon. Register now at 1yorkville.ca for more information or call 416.519.2911.

feb 15 - mar 1, 2014 new Condo Guide 043

In The News

Saving for retirement outranks reducing debt in 2014 for Canadians: RBC poll

Reversing last year’s rankings, more Canadians are citing “saving for retirement” as a top financial priority compared to those who are prioritizing paying off debt, according to the 24th Annual RBC RRSP Poll.

More than half (52 per cent) are now focusing on increasing their retirement savings, with 48 per cent placing a priority on debt reduction, compared to 44 per cent and 54 per cent respectively in last year’s poll.

This reversal of financial priorities is even more marked among middleaged Canadians – those 35 to 54 years old – with almost two-thirds (62 per cent versus 52 per cent last year) focusing on saving for retirement ahead of reducing debt (52 per cent versus 56 per cent).

“These findings indicate Canadians are more comfortable with how they are managing their debt and this is allowing them to focus more strongly on retirement savings this year,” says Bill Hill, national retirement planning consultant, RBC. “To help ensure those savings will support the retirement they have in mind, we recommend they review their lifestyle and financial goals with a financial adviser as early as possible.”

Sit down with a financial adviser to explore all aspects of a successful retirement – you may well find you have more options than you are aware of today.

044 new Condo Guide feb 15 - mar 1, 2014

The annual RBC poll also found that RRSP ownership among those aged 35 to 54 has jumped to 68 per cent from last year’s 58 per cent.

In addition, one-quarter (26 per cent) of middle-aged Canadians has determined they will need to save, on average, $545,000 for a comfortable retirement.

“This is the age group that needs to be planning now for the lifestyle they want to have in retirement,” Hill says. “As Canadians who have already retired know, there is so much more to your retirement years than just the money you think you’ll need... Sit down with a financial adviser to explore all aspects of a successful retirement – you may well find you have more options than you are aware of today.”

the park.

ACTUAL VIEW OF CORKTOWN COMMON PARK FROM THE 11TH FLOOR OF CANARY PARK CONDOMINIUMS.

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

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 045

hot topic

The Smith Manoeuvre Deducting mortgage interest // by george e. dube One of the largest expenses we have

tends to be the mortgage on our home.

Following traditional rules, we are limited to deducting, at best, a small percentage of the interest where we use a home office for business purposes. However, using nontraditional planning, we are able to deduct potentially 100 per cent of the interest costs.

Your tax savings will vary based on where you live in Canada, your income level and the amount of interest you pay. As a quick example, though, with a mortgage of $200,000 at 4.5 per cent, your tax savings could be approximately $3,000 per year.

While this may not by itself create financial 046 new Condo Guide feb 15 - mar 1, 2014

freedom, imagine receiving these savings year after year – with minimal effort required.

Imagine the impact of a higher interest rate or larger mortgage.

A popular nickname for describing some of the possible techniques is the “Smith Manoeuvre,” coined by Frasor Smith. A variety of versions of the plan exist, and vary in aggressiveness and implementation to suit your needs and comfort. With a Supreme Court decision related in part to questions surrounding the appropriateness of interest deduction plans, tax advisers have largely been given the green light to help clients restructure their affairs in an optimal fashion. continued on page 48…

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 047

hot topic

continued…

So, what do you do with this good debt?

You invest. Traditionally, this was thought of as an excellent vehicle to acquire mutual funds and similar investments. However, this may be a great opportunity for you to go beyond that and invest in your business.

In its simplest form, these interest deductibility techniques allow homeowners the ability to convert the non-deductible portion of the interest on their mortgage to fully deductible over a period of time. The period is typically several years, however, your financial situation and aggressiveness may dramatically decrease this time.

A variety of mortgage products provide the ability to divide your mortgage into at least two segments, which allows you to track the interest expense on these segments separately. Your total mortgage will typically be set at 75 to 80 per cent of the value of your home. If you are permitted a total mortgage of $200,000 on your home, you may start with the “bad” portion (non-deductible) of the mortgage at this $200,000 and the “good” portion (deductible) of the mortgage at zero.

As you make payments on the mortgage, your principal on the bad mortgage will decrease, leaving you additional room to borrow on the good debt. In other words, your total mortgage may still be $200,000, however, it is divided between good and bad debt.

So, what do you do with this good debt?

You invest. Traditionally, this was thought of as an excellent vehicle to acquire mutual funds and similar investments. However, this may be a great opportunity for you to go beyond that and invest in your business.

048 new Condo Guide feb 15 - mar 1, 2014

You may be able to shorten the conversion time of your bad debt where, for example, you have non-registered financial assets that can be sold and the proceeds used to pay down some bad debt. Tax refunds, inheritances, unexpected sources of funds, extra mortgage payments are further ways of speeding up the conversion.

While restructuring must be done properly, your efforts will be rewarded. Talk to your tax, mortgage and investment advisers to determine whether such a plan can work for you and that you are comfortable with the full implications. Also, work closely with your mortgage adviser as you pay close attention to the features of the mortgage product that you use to ensure you have the required flexibility to accomplish your goals. There are significant differences between the products beyond the interest rates which command your attention.

This article is brief in nature and omits many important details that may dramatically change how financial plans may affect your particular situation. This should not be considered tax, investment, business or similar advice. Before implementing any plans, always discuss in full with your tax adviser and other relevant advisers.

George E. Dube, CA, CPA, LPA, is a veteran real estate investor and Chartered Accountant with the practice Dube & Cuttini Chartered Accountants LLP. George is a frequent guest speaker, has written articles, and co-authored two books: 81 Financial and Tax Tips for the Canadian Real Estate Investor: Expert Money-Saving Advice on Accounting and Tax Planning and Legal, Tax & Accounting Strategies for the Canadian Real Estate Investor. George is a member of the Real Estate Investment Network Faculty. Visit dubecuttini.com. Email georgedube@dubecuttini.com, call 1.877.475.3823 and follow George on Twitter @dubecuttini.com

LIVE AT STUDIO BE DOWNTOWN SUITES FROM THE

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Brokers Protected, Limited Time offer. See Sales Rep for full details. Prices, Specifications and programs are subject to change without notice. Illustrations are artists concept. E & O.E. *Provided the purchaser completes the transaction on the contemplated unit transfer date the purchaser shall receive a credit on the statement of adjustment in the amount equal to 12 monthly common expense fees relating to the unit and any parking or storage applicable. Deposit 5% down and 10% due on occupancy.

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FEBRUARY2014 Malibu and Urban Capital has been featured as “MODEL SUITE OF THE MONTH” as seen in the New Condo Guide model suite calendar

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 051

quick tips

// by hellen buttigieg

Take time for

yourself ›› Let go of the “shoulds.” The next time you catch yourself thinking guilt-inducing thoughts like “I should go to the gym,” or “I have to wash the windows,” shift your perspective. Find a way to make the task more enjoyable so you can replace the “should” and “have to” with “like to,” “want to” or “could.” Re-framing your thoughts in this manner puts you in control because you are deciding to do the task out of desire, not criticism. Another option is to re-evaluate the task to see if it really is a necessity, or if you can drop it from your “to-do” list altogether.

Hellen Buttigieg is a certified professional organizer, life coach, TV host, owner of We Organize U and author of the best-seller, Organizing Outside The Box. For tips on getting organized, visit WeOrganizeU.com and sign up for the free newsletter.

›› Put yourself out there. Life has a way of flowing effortlessly when we put ourselves out there. If there’s something you’ve been wanting in your life, take one small action toward it and notice how other things fall into place. It could be a simple phone call you’ve been putting off, a book you’ve been meaning to read or a website you’ve wanted to visit. Do it now and have faith in the power of taking that first step. ›› Tie up loose ends. Regularly schedule one hour a week to devote to tying up loose ends. These little “to-dos” take less time to complete than you think and yet, left undone, eat away at you, draining your energy and clouding your mind. If you finish in less than an hour, use the extra time to reward yourself with a special indulgence.

S

ometimes we get bogged down with all the things on our “to-do” list that we forget to take time for ourselves. Here are some tips to help simplify your life:

›› Live in the moment. We have become a society of multi-taskers, but in an effort to be more efficient, we have robbed ourselves of the pure pleasure that comes from performing simple tasks. The next time you wash dishes, fold laundry or set the table, focus only on the task at hand. Engage your senses.

Notice the fresh smell of clean laundry, the rainbow colours in the soap bubbles, the beauty of a table set with care (candles, flowers and cloth napkins). You’ll feel less frazzled and more peaceful.

052 new Condo Guide feb 15 - mar 1, 2014

›› Eliminate catalogue clutter and enjoy mental freedom. Are catalogues piling up on every flat surface in your office? If you’ve had them for more than three months and still haven’t read them, it’s time to take an honest look at whether they are adding value or complicating your life. Go online and remove your name from catalogues you don’t read, and cancel magazine subscriptions that clutter your life, drain your energy and rob you of peace-ofmind. You can always purchase the odd magazine or two when you have some extra time to devote to reading. ›› Make bill paying easier by synchronizing due dates. Paying bills can be time consuming and difficult to keep track of, especially if they are due at various times throughout the month. Consider calling all your creditors and having the due dates on your monthly bills changed to either the 1st or the 15th of the month. Put a reminder on your calendar to ensure that they’re paid on time. Consolidating tasks saves time and mental energy. ›› Create kits to make life easier. Items that are used together should be stored together to make tasks easier and save you time. Store all your knitting supplies in one bin; your gardening supplies in another. Imagine how much easier it will be to wrap gifts when your gift bags, cards, scissors, bows, tape and pen are all stored together!

A R A G NIA

UE BOUTIQS CONDO OREY & 2-ST AT LOFTS RST BATHU ARA & NIAG

thurst and a B f o r e n d At the cor ects art an s r te in fe li y Niagara, ern 5-store d o m a In nd culture. nowned a re a m o fr ting midrise r, collabora e d il u b d respecte nto’s top ro o T f o ir a s. with a p r designer io r te in d an , from architects 0 Niagara 9 t a ll a it Enjoy to a game O G A e h t t a an exhibit steps from t s ju ll A . e at the Dom artbeat from the a he transit and staurants, shops st re city’s coole and clubs.

Bathurst & Niagara

45 LUXURIOUS RESIDENCES. ONE INTIMATE URBAN ADDRESS. FROM THE MID

$300’s

Prices and specifications are subject to change without notice. E. & O. E. Rendering is artist’s concept only.

TER REGISY FOR TODA EVIEW VIP PR RA.COM

90NIAGA

CMHC Report

January 2014 housing starts Housing starts in Canada were trending at 191,456 units in January compared to 194,518 in December, according to Canada Mortgage and Housing Corp. (CMHC).

The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.

“The trend in housing starts decreased slightly in January, while the inventory of newly completed and unabsorbed units saw a modest downward trend in the last half of 2013. This is consistent with our expectation that builders will continue to gradually adjust activity in order to manage their levels of inventory,” says Mathieu Laberge, deputy chief economist at CMHC. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next.

The standalone monthly SAAR was 180,248 units in January, a decrease from 187,144 in December. The SAAR of urban starts decreased by 2.7 per cent in January to 163,158 units. Multiple urban starts decreased by six per cent to 102,289 units in January while the single-detached urban starts segment increased by 3.4 per cent to 60,869 units.

In January, the seasonally adjusted annual rate of urban starts increased in Ontario and in the Prairies, while decreasing in Atlantic Canada, Quebec and British Columbia.

Rural starts2 were estimated at a seasonally adjusted annual rate of 17,090 units.

1 All starts figures in this release, other than actual starts and the trend estimate, are seasonally adjusted annual rates (SAAR) — that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. By removing seasonal ups and downs, seasonal adjustment allows for a comparison from one season to the next and from one month to the next. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace were maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.

2 CMHC estimates the level of starts in centres with a population of less than 10,000 for each of the three months of the quarter, at the beginning of each quarter. During the last month of the quarter, CMHC conducts the survey in these centres and revises the estimate.

054 new Condo Guide feb 15 - mar 1, 2014

Housing Starts in Canada – All Areas * Thousands

275 250 225

191,456

200 175

180,248

150 January 2012

January 2013

January 2014

Housing starts, SAAR Housing starts trend line (six-month moving average)

Preliminary Housing Start Data January 2014

Dec 2013

Jan 2014

Trend1, all areas

194,518

191,456

SAAR, all areas

187,144

180,248

SAAR, rural areas

19,410

17,090

SAAR, urban centres2 Single-detached

58,895

60,869

Multiples

108,839

102,289

Total

167,734

163,158

Atlantic, urban centres2

6,320

4,746

Quebec, urban centres2

33,909

26,711

Ontario, urban centres2

53,776

58,756

Prairies, urban centres2

42,950

47,354

British Columbia, urban centres2

30,779

25,591

Canada Dec 2012 Dec 2013

Actual, all areas

10,073

11,737

Actual, rural areas

745

677 3,359

Actual, urban centres2

January — Single-detached

3,368

January — Multiples

5,960

7,701

January — Total

9,328

11,060

January to January — Single-detached

3,368

3,359

January to January — Multiples

5,960

7,701

9,328

11,060

January to January — Total

Source: CMHC Seasonally adjusted annual rates Urban centres with a population of 10,000 and over Detailed data available upon request 1 2

As Canada’s national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions. Follow CMHC on Twitter @CMHC_ca

IT’S BACK. DON’T MISS OUT.

E-A-S-Y

THE OWNERSHIP PROGRAM:

CAN YOU AFFORD TO BUY AT THE STATION? YES YOU CAN!

These days, with rent on a 2-bedroom apartment in Toronto reaching $2,000/month and beyond**, saving for a down payment can feel next to impossible. But at The Station, our new deposit structure* makes saving a snap. So not only can you afford to buy your own place, but the place you call home can be at North York’s award winning record-breaking development. Here’s how it works.

LET’S SAY YOU’RE LOOKING AT ONE OF OUR EXCEPTIONAL 2 BED + 2 BATH SUITES. YOU GET:

• • • • • •

A sweet corner unit An enormous 175 s.f. balcony Granite countertops Euro-style appliances A window in the master ensuite A place you won’t grow out of

YOU PUT DOWN

$10,000

THE PRICE IS A COOL $450,000, SO SAY YOU PUT DOWN 10% 10% DOWN = $45,000

10%

SOUNDS SCARY, RIGHT? BUT HERE’S WHAT THE STATION WILL DO FOR YOU.

$450,000

WE’LL MATCH THAT

$10,000 = $20,000

WITH A $10,000 DISCOUNT OFF THE PRICE OF YOUR CONDO.

Just like that, in 13 months, your down payment will be done and you’ll be the proud owner of an amazing new condo with expansive Terrence Lukas-designed interiors, spacious balconies, and amenities like The Studio Club, fitness centre and the city’s first indoor/outdoor heated party rooms.

ONLY $25,000 TO GO.

FOR THE NEXT 13 MONTHS, YOU PAY JUST $962/MONTH TOWARD THE DOWN PAYMENT AND WE’LL MATCH IT WITH AN EQUAL $962 DISCOUNT OFF THE PRICE OF YOUR CONDO.

SAFE – The Station is already under construction.

SMART – Easy subway access and a 20-minute ride to downtown, mean condos at The Station will always be in demand.

GREAT DEAL – With this innovative down payment plan you can finally afford to own your own place.

RUN. WALK. SUBWAY. HURRY. UNDER CONSTRUCTION.

WILSON SUBWAY

YORKDALE MALL

TIPPETT RD

ALLEN

RD

WILSON AVE

HWY.401

YORKDALE SUBWAY

416.398.9777 THESTATIONCONDOS.COM

On Tippett Road, south of Wilson Avenue / Mon to Wed 12–6pm Sat + Sun 12–5pm *Conditions apply. On select suites only. See sales rep for details. Prices, specifications and deposit structures are subject to change without notice. E. & O.E. Exclusive Listing Brokerage: The Condo Store Realty Inc., Brokerage. Brokers protected. Illustration is artist’s impression. **Source: theglobeandmail.com

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 055

hot dates

February 2014

Calendar of events taking place from February 15 – March 1

highlights

Feb 14 – 23

Canadian International Auto Show Feb 17

Family Day on Toronto’s Waterfront Feb 20 – 23

Feb. 14 – 23

Feb. 17

Canadian International Auto Show

Family Day on Toronto’s Waterfront

Metro Toronto Convention Centre Canada’s largest auto show is back, showcasing over 1,000 new cars, trucks, SUVs, luxury vehicles, motorcycles and more! Shop for future purchases, or see your dream car in the flesh.

You’ll also find the latest technologies, and over 100 exhibitor booths for the newest and hottest car products and services. Tickets are $17 in advance, $23 at the door. Visit online for details. autoshow.ca/cias2014

Toronto Waterfront Enjoy a free, fun and fabulous Family Day on Toronto’s Waterfront, from 10 a.m. until 6 p.m.

Watch dog sport demos, create arts and crafts, discover Inuit art and warm up with a complimentary hot drink, served up by participating local businesses! For more information, call 416.596.9821 or visit the web site. waterfrontbia.com

Feb. 20 – 23

Until Mar. 14

GTA Home Show

Ice Skating

International Centre 6900 Airport Rd. With spring just around the corner, this annual show couldn’t come at a better time! Whether shopping for your next DIY project, or looking for fresh inspiration, this is your one-stop shop.

Celebrity guests include Bryan Baeumler, Frank Ferragine, designers Glen Peloso and Jamie Alexander, decorating and lifestyle authority Cobi Ladner, and DIY queen and colour connoisseur, Leigh-Ann Allaire Perrault, among others gtahomeshow.com

Natrel Rink 235 Queens Quay West Enjoy a fun and free skate at the city’s most scenic skating rink, tucked behind York Quay Centre and set against the Lake Ontario shoreline – a winter-time tradition for 30 years!

Strap on your helmet and skates (if you don’t own, there are rentals on site) and enjoy the crisp air and the beautiful scenery. Call 416.973.4866 or visit online for details. harbourfrontcentre.com

GTA Home Show Until Mar 14

Ice Skating at Natrel Rink

056 new Condo Guide feb 15 - mar 1, 2014

Choose greatly.

ACROSS FROM SHERWAY GARDENS. MOVE IN TODAY WITH UP TO $20,000 CASH BACK.

Suites from

$225,990

Sales Centre

225 Sherway Gardens Rd. 416.695.3535 onesherway.com

LIVE ON TORONTO’S NEW BLUE EDGE, THE CIT Y’S NEXT GREAT WATERFRONT COMMUNIT Y. Sales Centre

291 Lakeshore Blvd E 416.466.8885 mondecondominiums.com

Suites from

$339,000

A NEW L ANDMARK IS UNDER CONSTRUCTION. CANADA’S MOST CONNECTED CORNER.

Suites from

$549,990

Sales Centre

33 Bloor St. E 416.922.0081 onebloor.com

Coming soon.

Condos at King & Parliament. Coming Spring 2014.

Urban Towns in Queen West. Coming Spring 2014.

LIVE AT YONGE AND RICHMOND. CIT Y, TOWER AND LOMBARD SUITES AVAIL ABLE. Sales Centre

26 Lombard St. 416.499.8883 yongeandrich.com

Suites from

$280,990

UP TO $10,000 OFF SELECT SUITES. MOVE IN THIS YEAR! THE CORNER OF JARVIS AND CHARLES.

Suites from

$479,990

Sales Centre

33 Bloor St. E 416.927.0080 x2condos.com

FABULOUSLY ST YLISH CONDOMINIUMS AT KING & CHARLOTTE. MOVE IN THIS YEAR!

By Appointment

416.927.9772 charliecondos.com

Suites from

$946,990

PHASE 3 FINAL RELEASE ON SALE NOW. BOUTIQUE CONDO LIVING AT WINSTON CHURCHILL AND EGLINTON.

Suites from

$224,990

Sales Centre

4635 Metcalfe Avenue 905.828.4257 hotcondominiums.com

For more information, register at greatgulf.com/comingsoon

Waterfront Living from $339,000

investor advice

// by andrew la fleur

The one thing all

top-selling condos have in common

Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto Condo Market. Visit TrueCondos.com/NewCondoGuide for a free gift. Contact Andrew at 416.371.2333 or andrew@truecondos.com

T

here has been much talk in the media about the drop in new condo sales in the past year. I don’t dispute this. In 2013, sales of new condos were around 16,000 – one of the lowest numbers on record from the last decade and only about half the number of sales seen in the record-breaking year of 2011.

What I do dispute is the notion

The buyers are there.

The demand is there.

The buyers are just more discerning as to which projects they will and will not invest in.

057 new Condo Guide feb 15 - mar 1, 2014

that the condo market is in trouble.

The condo market has been selfcorrecting itself for the past 18 months and many projects are selling just as well, if not better, than the crazy days of 2011 when you had people camping out overnight to buy condos. The buyers are there. The demand is there. The buyers are just more discerning as to which projects they will and will not invest in.

What all top selling condos share I’ve noticed a trend that developed in 2013 that has now carried over into 2014 with the massively successful recent launches of CORE Condos and YC Condos: the condos that are selling well, that are reaching 50, 60, 70 per cent sold in a matter of weeks, are the ones with 2011 pricing.

It’s apparent that early 2012 was the market peak for new condo sales.

That was when prices and sales were at their highest point. The projects that are still trying to sell at 2012 pricing are not doing well. Those who scaled back to 2011 prices are seeing units fly off the shelves.

So think about the opportunity from an investor’s perspective: you can buy a condo in 2014 at 2011 pricing that will not be completed until 2018 or 2019. The price appreciation potential in this scenario is huge. Since sales will continue to be lower than the longterm average in 2014, the number of new condos completing in four to five years will be too few to meet demand.

And another thing…

What has become apparent is that condos in “A” locations are still doing

very well while condos in “B” and “C” locations are generally struggling.

With a plethora of projects to choose from, if your project is not in an “A” location, it’s hard to capture buyers’ attention – even with great pricing.

Today’s condo investors want three things: great pricing, great locations and unique buildings. Conversely, the projects that are selling poorly and making up the record-high levels of unsold inventory are those with 2012 pricing.

Condo success story from 2013 If you look at Harbour Plaza Residences – easily the top-selling project of 2013 – you’ll see that prices averaged below those of current resales at comparable projects. They actually had some units priced below $600 per sq. ft. while units in comparable condos were selling for over $700 per sq. ft.

Harbour Plaza was an amazing project in an “A” location with excellent pricing and therefore, a home run for the developer, Menkes.

My message to investors in 2014 Two cardinal rules for buying pre-construction condos for investment are: always buy below current comparable resale values, and always buy cash-flow positive.

Still there are people shouting from the rooftops that these two rules are not possible in today’s condo market.

These people are only looking at the projects stuck in 2012 and 2013 pricing and that is why they feel this way. They are missing out on a massive window of opportunity that the current market is providing.

In The News

Get to the Point with a Vespa Garrison Point celebrates the good life with a Vespa contest If you’ve ever envisioned living in a home surrounded by innovative design, first-rate amenities, green spaces, walkability and accessibility to some of Toronto’s hottest neighbourhoods, look no further than Garrison Point. King West’s newest luxury condo development is celebrating its official opening La Dolce Vita-style with a Vespa contest.

From Jan. 27 to Feb. 22, Garrison Point will offer all registrants an opportunity to win a brand new Vespa S50 SE, 50 cc Sport Edition. The S50 SE celebrates the spirit of legendary Vespas of the past with its minimalist aesthetic and high performance.

The prize value is $5,000.

“Garrison Point is a community surrounded by parks and paths and a multitude of inviting neighbourhoods,” says Sam Crignano, president of Cityzen Developments. “What better way to explore

the area than on the seat of a Vespa? The bikes have always been equated with the good life, which is what living at Garrison is all about.”

To enter the contest, visit garrisonpoint.ca. The winner of the Vespa will be announced on Sat., Feb. 22 at Garrison Point’s preview opening event at 35 Strachan Ave. Garrison Point is also offering five secondary prizes of $100 in gift cards to various Liberty Village businesses.

Secondary prize winners will be randomly selected and notified on Mon., Feb. 24.

To get a sneak peek of the Vespa, registrants can visit the Garrison Point presentation centre at 35 Strachan Ave. where it will be on display.

Developed by Cityzen Development, Fernbrook Homes and DiamondCorp, Garrison Point will be home to sleek condo suites, expansive townhomes, and plenty of shops and services. So, whether you’re a first-time buyer on the prowl for a stylish bachelor pad, or you’re looking for a downtown location to raise your growing family, Garrison Point is a place to call “home.”

Visit GarrisonPoint.ca or call 416.278.8071 to learn more.

058 new Condo Guide feb 15 - mar 1, 2014

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 059

Single entry lounge pass starting from $33.25 tax inclusive ($24.50 children ages 2 – 11) for 2 hours lounge use. 3 hour and 6 hour lounge use also available** ** Online bookings only; higher rates apply for walk-in lounge use

All amenities are included in the price of entry including bar service after 11:00 a.m. (Toronto, Vancouver) and 10:00 a.m.

(Edmonton)

For online bookings go to www.plaza-network.com/booking/FlightInfo.aspx?ECONREF=W2W2014

THE EARLY BIRD PREVIEW EVENT

SATURDAY, FEB 22ND

The perfect place to land.

S AV E T H E D AT E The rooftop is an ideal spot to get together with friends and shake your tail feathers.

Featuring plenty of indoor and outdoor lounge style seating, a fire pit and a fullyequipped kitchen, it’s got summer entertaining written all over it. Don’t miss your opportunity to live at an unbeatable midtown St Clair West address, The Nest, Residences of Hillcrest Village is the perfect place to land. FROM THE MID $200’S. REGISTER FOR THE UPCOMING EARLY BIRD EVENT

Early Bird Preview Event Saturday Feb 22nd

TheNestCondos.com

✓ Savings up to $10,000

416.223.0003

✓ Free Gas Barbecue

O N E D A Y E V E N T O N LY *

✓ Free Storage Locker ($3,500 VALUE)

✓ Flexible Deposit Structure THIS EVENT IS BY APPOINTMENT ONLY

CON FIRM Y OU R S POT

Register Today * INCENTIVES AVAILABLE AT THE ONE DAY EVENT ONLY.

Life. Lived better.

BROKERS PROTECTED. Rendering is an artist’s impression.

Sizes and specifications are subject to change without notice. E.&O.E.

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 063

finances

Tips to find the money to

begin investing today With the RSP deadline just

weeks away, Scotiabank’s Annual Investment Poll found that three in 10 (31 per cent) Canadians plan to contribute to their RSP this year, a decrease from 39 per cent in both 2012 and 2011. Three-quarters of Canadians (74 per cent) who hold RSPs, and have thought about contributing more, cite lack of affordability as the top reason for not contributing more often (84 per cent in 2012).

The study also found that among Canadians who hold an RSP, 40 per cent have withdrawn funds from their RSP, up four per cent from 2012 (36 per cent). Again this year, the top reason for taking money out of RSPs is to take advantage of the Home Buyers’ Plan to buy or build a first home (16 per cent versus 15 per cent in 2012), followed by covering day-to-day living expenses (eight per cent versus five per cent in 2012) and 064 new Condo Guide feb 15 - mar 1, 2014

paying down debt (eight per cent versus six per cent in 2012).

“With the new year underway and the RSP contribution deadline approaching, we want to encourage Canadians to meet with a financial adviser,” says Mike Henry, senior vice-president of retail payments, deposits and lending at Scotiabank. “RSPs continue to be an important and tax-effective way to maximize retirement savings. If affordability is an issue, a financial adviser can help identify ways to make that all-important contribution, big or small, as well as develop a financial plan to help achieve retirement goals.”

“ RSPs continue to be an important and tax-effective way to maximize retirement savings.

If affordability is an issue, a financial adviser can help identify ways to make that all-important contribution, big or small, as well as develop a financial plan to help achieve retirement goals.”

RSP contribution tips:

» Talk to your financial adviser to make a plan to find out what works best for you for both long- and short-term financial goals. » Set up pre-authorized contributions, such as Scotiabank’s Pay Yourself First plan, that let you make regular and automatic contributions from your bank account directly into your RSP. Start with a small amount and adjust it depending on your financial situation. » Spousal RSPs can be an effective tool in planning for retirement, giving you the ability to contribute to your spouse’s RSP, realize income splitting opportunities and potentially reduce your family’s overall tax burden. » Consider borrowing to top up any unused contribution room and maximize your RSP, as the contribution may generate a tax refund that can be used to pay off the loan. The Scotia RSP Catch-up Line of Credit, for example, is an opportunity to maximize both your current and previous years’ contributions.

COMING SOON AT YONGE WITH DIRECT ACCESS TO WELLESLEY SUBWAY

A series of illuminated boxes, carefully stacked.

Spaces shifted gently left and right, geometry that draws the eye skyward. Totem, a building that’s poised to be iconic, is about great design and a location that fits you to a T.

SHIFT YOUR LIFESTYLE. get on it. register.

totemcondos.com 416.792.1877

17 dundonald st. @ yonge street

When you live here, you can go anywhere.

Yonge Street, Yorkville, the Village, College Park, Yonge-Dundas Square, the Annex, University of Toronto and Ryerson are just steps away. TOTEM SCORES A PERFECT 100 AT WALKSCORE.COM! Plus, you’ve got sleek, modern suites, beautiful rooftop amenities and DIRECT ACCESS TO YOUR OWN SUBWAY ENTRANCE. This is TOTEM. From the mid $200’s RENDERINGS ARE AN ARTIST’S IMPRESSION. SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E.&O.E. EXCLUSIVE LISTING: BAKER REAL ESTATE INCORPORATED, BROKERAGE. BROKERS PROTECTED.

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 065

NEW GREAT SHOW...

GREAT NEW LOCATION!!

Experience The

Celebrity Theatre

Metro Toronto Convention Centre

ENTER TO WIN $10,000 Outdoor Kitchen Oasis ONLINE! Paul LaFrance

Kimberley Seldon

Frank Ferragine

Lynn Spence

Karl Lohnes

2 GREAT SHOWS FOR 1 TICKET! 500 Exhibits, 2,000 Experts, 10,000 Products!

22nd

• Interior Design

• Gardener’s Dream Marketplace

• Free Celebrity Seminars

• Pool, Patio & Spa World

• Games in the Garden

• Wine & Spirit Village

• Outdoor Living Pavilion

• Paradise Landscapes

• Kitchen & Bath Gallery

• Mondo Condo Concepts

Ontario’s Biggest Floral Design & Plant Competition internationalhomeshow @intlhomeshows intlhomeshow

FREE PARKING REFUND with 4 Paid Adult Admissions 066 NEW CONDO GUIDE FEB 15 - MAR 1, 2014

internationalhomeandgardenshow.ca

3 WAYS TO SAVE!

Don’t Wait at the Gate Buy Tickets Online & Save $3

5

$

off

*Per Couple ($2.50 per adult admission).

Not valid with any other offer.

(Reg. $15) NCondoGuide_Feb2014

coupon

We accept All Competitor Show’s Discount tickets!!

2-for-1 Admission After 5 pm

Hours: Thurs - Sat 10 - 8 Sun 10 - 6

Metro Toronto Convention Centre North Bldg. 255 Front St. West

ve o l o t on ge. s a r re y Villa e h t n Ano Harmo

Green Is A Way Of Life

Harmony Village was built with the environment in mind, incorporating LEED Gold Standards, secure electrical co-generation and renewable energy into our mixed-use urban village. Our many environmentally friendly features will help reduce long-term health hazards and most common allergies caused by VOCs in new construction materials.

Starting from $175,500.

Register now to be first in line.

HarmonyVillage.ca 416.493.0123 3260 Sheppard Avenue East, Toronto, ON M1T 3K3

/HarmonyVillageLiving /HarmonyVillage All prices, sizes and specifications are subject to change without notice.

Rendering is artist’s impression. E. & O. E. Images are for mood and impression only.



DUNDAS SQUARE GARDENS! S ’ O T N O N TOR

W O T N DOW

O R F S O COND

M

8 9 , 9 99 99,998

$2 B1DRM FROM $2

*

*

ULAR C A T SPEC OBBY L SKY FT. OF .

Q S ,000 DENS 6 1 R OVE OP GAR T WS ROOF CITY VIE WITH ITH W L POO GE Y T I N I INF OUN L & OUP R BAR G N’S O T S AN EA CTION U PROD

416-645-8575 REGISTER NOW

DUNDASSQUAREGARDENS.COM

Exclusive Listing: Baker Real Estate Incorporated Brokerage. Brokers Protected. *Prices and specifications are subject to change without notice. Illustrations are artist’s concept. E.&O.E.

file:///C|/Users/kathy/Downloads/homelife logo.gif[10/30/2013 11:57:00 AM]

068

file:///C|/Users/kathy/Downloads/homelife logo.gif[10/30/2013 11:57:00 AM]



069

condo profile

DUNDAS SQUARE GARDENS RESIDENTS

at the centre of it all

a

s the acknowledged new centre of the city, Yonge-Dundas Square now pulses 24/7 with people, performances and destinations, an intense and invigorating hub of entertainment and energy.

Steps from this swirling vortex, grows a new environment destined to be one of the hottest residential lifestyle communities in Canada – Dundas Square Gardens, at the corner of Dundas Street East and Jarvis Street.

Soaring 47 storeys including the Garden Tower, a unique 16-storey building, Dundas Square Gardens 070 new Condo Guide feb 15 - mar 1, 2014

will feature five gardens, over 16,000 sq. ft. of space, providing a private and exclusive urban oasis in the centre of the city and affording outstanding views of the downtown Toronto skyline. Priced from $199,998 and $299,998 for two bedrooms, Dundas Square Gardens presents incredible value for downtown Toronto home ownership.

Just east of Yonge Street, Dundas Square Gardens will command one of the new and emerging hip neighbourhoods of Toronto, in the centre of trendy galleries, unique restaurants, eclectic shops, unrivalled live entertainment, and urban parks.

Just east of Yonge Street, Dundas Square Gardens will command one of the new and emerging hip neighbourhoods of Toronto, in the centre of trendy galleries, unique restaurants, eclectic shops, unrivalled live entertainment, and urban parks Bordered on the east by Ryerson University and to the south by George Brown College’s King Street campus, Dundas Square Gardens is also steps to TTC and the underground PATH system.

Dundas Square Gardens residents will be at the centre of almost every imaginable neighbourhood amenity, from the shops of Yonge Street and The Eaton Centre, St. Michael’s Hospital and The Grand Hotel, to live music performances at Massey Hall and world-class theatre at the Elgin and Winter Garden theatres.

Dundas Square Gardens is being developed by one of the industry’s most respected developers, The Easton’s Group of Hotels, which has also developed one of Toronto’s hottest new condo projects, King Blue Condominiums.

Architectural design is by Page + Steele/IBI Group with interior design is by Munge Leung, combining to craft superior quality and finishes in suites designed with today’s active urban lifestyle in mind.

Register now to learn more about the total lifestyle experience soon to come at Dundas Square Gardens. Visit dundassquaregardens.com or call 416.645.8575. feb 15 - mar 1, 2014 new Condo Guide 071

homebuyers’ help

Condo hunter’s checklist

When shopping for your dream condo, carry this list with you and take notes to help you remember what you saw, and where! condo #1

condo #2

condo #3

condo #4

Project & address:

Project & address:

Project & address:

Project & address:

Salesperson:

Salesperson:

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Phone:

Phone:

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Developer/builder:

Developer/builder:

Type:

Type:

Type:

Type:

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

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Parking facilities:

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Special incentives:

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Price:

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Down payment:

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Financing available:

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Financing available:

Financing available:

Other comments:

Other comments:

Other comments:

Other comments:

072 new Condo Guide feb 15 - mar 1, 2014

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 073

luxury homes and condos to life

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FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 075

Money Matters

// by gail vaz-oxlade

creating the illusion of scarcity

O Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever, and she blogs daily at gailvazoxlade.com. Follow Gail on Twitter at Twitter.com/GailVazOxlade

ne of the reasons so many people are up to their eyeballs in debt is that they’ve had access to gobs of credit. Whether lenders threw a dozen credit cards at us, offered us big, fat lines of credit, or let us buy now and pay later, we’ve been living a life where we could have whatever we want whenever we want. It’s been a life of abundance.

Then came the economic change. Creditors stopped throwing credit at every Tom, Dick and Mary regardless of their ability to actually pay back that credit. The government got into the swim creating legislation that said lenders couldn’t just raise a person’s credit limit without telling them – further exposing them to credit risk. And people started losing their jobs.

The abundance of the previous years has turned to forced scarcity.

Some people took steps to prepare for the worst and are holding on through the tough times. Others have found their debt loads too high and are headed to bankruptcy trustees to see what they can off-load. Still others are just drowning with no idea what to do next.

I’m sad for all the people who can’t keep it together – people who are missing their rent or mortgage payments, falling behind on their car payments, pulling their kids out of sports or other extra-curricular activities. While things were good and they were constantly being offered more and more credit, they never imagined there would ever be an end to

If you’re the kind of creature who routinely spends every penny you make, maybe you need to implement the illusion of scarcity to keep yourself in check 076 new Condo Guide feb 15 - mar 1, 2014

continued on page 78…

73 sq.ft.

< 15’3”

< 9’4”

< 9’6”

< 7’4”

> < 10’0”

>

bedroom 2 master bedroom

living | dining

>

< 9’3”

>

>

TWO FOR ONE

balcony

>

w

Two Bedrooms FROM ONLY

$279,900

UNDER CONSTRUCTION!

f

dw

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New Release

Of Lofts with Terraces*

Two Bedrooms For the Price Of a One Bedroom Start the year with “the value of the year”. Imagine spectacular 2 bedroom in-city living, for the price of a small downtown 1 bedroom unit. Features include laminate flooring, granite countertops, ceramic backsplash, brand name stainless steel kitchen appliances, stacked washer /dryer plus a private balcony.

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fuse

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Lansdowne TTC

Dufferin TTC

Bloor St.

Dufferin St.

$ 200,000s

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fusecondos.com 416.534.4444 Neudorfer Corporation All renderings are artist’simpression. Prices, sizes and specifications are subject to change without notice. E. & O.E. 2014. *As per plan. See sales representative for details.

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 077

Money Matters

continued…

their ability to have what they wanted. I’ve worked with more than a few people who are totally astounded at the place they are currently in. How could this happen? You probably know a body or two who are scratching their heads.

I’m hoping that forced scarcity teaches an extremely important lesson about money: there may not be more money, and you better have some set aside just in case.

It doesn’t take a world economic crisis to throw your budget into a tailspin if you have no money saved. It only takes a few weeks off work with a sick child, a call to jury duty, or a cut-back in your hours at work to make a house of cards fall down.

I wonder how many people will actually learn the lesson. And I wonder if anyone has figured out that you can create your own sense of scarcity to keep you constantly on your toes when it comes to managing your money.

Abundance has a way of permeating our very being and making us feel invulnerable. But we are all vulnerable, whether we want to accept that fact or not. And creating the illusion of scarcity may be what it takes to stay true to a sound financial plan.

I’m not talking about creating such a sense of scarcity that you’re always whining about what you can’t do or can’t have. And I’m not suggesting you use the illusion of scarcity to cheap out on life. But if you’re the kind of creature who routinely spends every penny you make, maybe you need to implement the illusion of scarcity to keep yourself in check. And

078 new Condo Guide feb 15 - mar 1, 2014

With less money to “blow” on stuff, you’ll actually end up achieving some of those goals that have always been so elusive

maybe if you move your money where you can’t touch it, leaving yourself with less to “blow” on stuff, you’ll actually end up achieving some of those goals that have always been so elusive.

How do you create the illusion of scarcity? Well…

First, you make a budget that balances. You transfer all the money that must be used to pay your fixed and variable expenses to a “house” account, so you know those bills are covered and you can’t spend that money on stuff.

Second, you set some goals you want to achieve. It may be paying down your mortgage annually, taking a fabulous family vacation, or going back to school.

Third, you set up savings accounts for each of the goals you want to achieve, and have the money you want to save moved automatically to those accounts so that money is out of sight.

Now you only have money left in your first account that you can actually spend on all that stuff you so love to buy: coffee, lunches out, another tool, magazines, DVDs, more clothes… name your weakness here. For me it’s houseplants and books. When I look at the money in my account, because I’ve made most of it disappear to places I don’t look regularly, I’m more cautious about just how I blow what’s left. I prioritize. I consciously decide to spend (or not to spend) the money. I don’t feel like I have so much money I’ll never run out so I can just have this one little thing.

And that’s the point of creating the illusion of scarcity: to recognize that money is an exhaustible resource so you better be sure your spending isn’t just a knee-jerk reaction to your sense of abundance.

!

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FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 079

Designer Advice

IDS 2014

Yanic Simard’s favourite finds // by Yanic Simard

cocoon ikea

The Interior Design Show, a

Gold With Envy

popular yearly event for

Gold, although a classic choice for traditional interiors, has become a must-have metal finish for modern décor as well, dethroning stainless steel and shining in tiles, art, lighting, furniture, and even sleek plumbing fixtures. A natural complement to the warmth of gold is calming green, and this trendy combination was especially apparent in Cocoon’s furnishings – they’re one of my favourite overall furniture shops, and their products looked hip but also timeless at their booth.

both trade insiders and curious designistas, revealed some key trends at its inspiring 2014 show this past January. Although there was too much to see and do at the opening night party for me to talk about it all, I thought I would share some of my personal favourite finds and top trends that you can apply to your own space for either a total transformation or a fresh ‘14 update.

080 new Condo Guide feb 15 - mar 1, 2014

Mixed To Perfection

Luxe gold was also a powerful player in the IKEA booth. They mixed their accessibly-sleek Swedish furnishings with more glam touches like decadent chandeliers – for example, their Godmorgon vanity’s minimalism is a perfect contrast to a more dramatic bathroom tile (gleaming gold in this case), a trick I’ve

INDE-ART

URBAN BARN

used for client projects. This combination of vintage favourites and design splurges with simple and sleek staples is key to getting the most luxe look in your home.

Dynamic Duo

Another dynamic colour duo to watch out for was highlighted by Urban Barn: the light and delicate peach pops in their bedroom setting were sophisticated instead of shocking when paired with soothing, muted greys. Both of these hues are popular a choice on their own, and combined they

ikea

URBAN BARN

create a balance of drama and calm that reads as sophisticated and elegant.

Characters Everywhere

Wood is perhaps one of the oldest materials of all, but in 2014 it can be found in so many forms. Rustic standbys like oak and maple have become essential for accents such as side tables and stools, bringing a warm richness and touch of masculinity to your functional furnishings. However it was also spotted all over in lights, accessories, and even a bathtub (as part of an installation by Caesarstone). Inde-Artâ&#x20AC;&#x2122;s reclaimed wood kitchens brought the vintage character of broken-in boards to a modern kitchen setting. Any room in the home can truly benefit from an accent of wood (large or small) to soften a space that otherwise feels uninviting. feb 15 - mar 1, 2014 new Condo Guide 081

NIEUW NOMAD side table

Produits Neptune

Floating Away

For the clean white kitchen, a new appliance finish may make panel-ready appliances obsolete. Jenn-Air’s “floating glass” fronts in white allows the look to blend with sleek cabinets for a sparkling finish that feels less industrial than the popular stainless steel of recent years, while still allowing the fixtures to show off a bit.

Extra Observations

›› While touring the show with colleague and friend Karen Sealy, we came across fellow designer Sarah Richardson, and got a sneak preview of her new fabric line she’s debuting exclusively through Kravet. It’s so beautiful and so Sarah. ›› Nieuw’s cool imported finds included the clever Nomad side table, which featured a built-in iPad stand, with a hidden channel through the base to hide a handy charging cable. ›› Rollout’s “shattered light” wallpaper creates the effect of a fractured wall panel with glowing light pouring through cracks between blocks of wood. Another example of the many fun new applications for wood, and a cool idea for an accent wall – a little wallpaper in a bold design goes a long way to transforming the look of a small space.

082 new Condo Guide feb 15 - mar 1, 2014

›› Another take-home idea from the IKEA booth: their wardrobe cabinets had the handles installed on a diagonal as a small but effective detail. It really changes the look and doesn’t cost anything extra. Sometimes the best things in design are free! ›› I liked how Design Lump explained their vision of a lamp: “A lamp isn’t just a lamp... a lamp is also a decorative fixture that says a lot about a room.” Their brass-legged Focal Point lamp (with bright green cord creating a feature) was certainly more than just a functional task lamp. ›› I’m very passionate about kitchen and bath design, and found two spectacular new faucets: Axor Starck Organic by Hansgrohe has the appearance of an organic branch or growing plant, while the Luna faucet by Graff (available at Taps) uses a very long, elegant form hung from the wall to bring water down to the sink below while creating a statement wall feature. I also loved the memorable red bathtub courtesy of Produits Neptune.

To keep up with me and all the rest of my design adventures, check in with my blog at tidg.ca/keepupwithyanic.

Yanic Simard is the design editor of New Condo Guide and principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Yanic often applies his signature high/low and old/new combination design techniques in developing unique interiors. Simard has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca.

IN THE MARKET FOR A

NEW HOUSE

OR A CONDO?

We think finding a home is a lot more than simply finding the right property.

Thatâ&#x20AC;&#x2122;s why we put you right in the middle of the search process.

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Find out about nearby services and amenities

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Visit the new real estate section on canpages.ca and start looking for that special place.

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FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 083

condo watch

Twenty Lombard

by Great Gulf

Boutique living starts on the 34th floor at Yonge + Rich, with 150 private residences coming soon. Register now.

Web: YongeAndRich.com

HighPark Condominiums

by The Daniels Corp.

416

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@wall2wallmedia.com

previews & registrations Casa III

by Cresford

A new fashion icon is rising in the heart of Yorkville. Lobby to be furnished with Hermés. Register now.

Web: CasaCondominium.com

Core Condos

by CentreCourt Developments

Coming soon in 2014 to the core of the city, near Church and Dundas. Register now.

Web: CoreCondos.com

Brownstones at Westown

by Lindvest

Discover tremendous value at Weston Road and Sheppard Avenue West. Visit online and register for community updates.

Web: Lindvest.com

Smart House

by Urban Capital/Malibu

Intriguing, innovative, smart condos at Queen and University. Register for info.

Web: SmartHouseToronto.com

1 Yorkville

by Bazis/Plaza

Ten93

by Pemberton Group

An eclectic fusion of fashion, art, culture, creativity and style is coming soon to Queen West and Dovercourt. Register for information.

Web: Ten93QueenWest.com

The Britt

by Lanterra Developments

SQ at Alexandra Park

by Tridel

Now open: a dramatic new condo in this master-planned community at Spadina and Queen.

Web: Tridel.com

Chaz.Yorkville by 45 Charles Ltd. & Edenshaw Homes

Condos with European flair now open at Bay and Wellesley. Register now.

Web: LanterraDevelopments.com

New release of spectacular penthouses is coming soon to this premier Yorkville neighbourhood. Register now.

Web: ChazYorkville.com

One Park Place, South Tower

by The Daniels Corp.

The HUB

by Empire Communities

Now on sale, the “one” place to be in downtown east. Coming soon on Sumach south of Dundas. Register for information.

Web: DanielsOneParkPlace.com

Palazzo at Treviso III

by Lanterra Developments

Coming this fall to Dufferin and Lawrence.

Register now to stay informed.

Web: TrevisoCondos.com

Cinema Tower

by The Daniels Corp.

World-class condo in the heart of the Entertainment District. Register now.

Web: CinemaTowerCondos.com

Minto Longbranch

by MintoUrban Communities Inc.

Urban towns coming soon to the Long Branch neighbourhood. Register today.

Web: MintoLongbranch.com

The Nest

by Rockport

Now open in this key Eg-West location. Get connected, live life on tomorrow’s fast lane.

Web: EmpireTheHub.com

Dwell City Towns

by Menkes

New townhome community now open in Etobicoke. Visit the presentation centre.

Web: Menkes.com

101 Erskine

by Tridel

The grand opening is now on! An urban oasis at Yonge and Eglinton.

Web: Tridel.com/101erskine

The Epicurean

by Monarch

Experience a slice of the finer things in life, now open in The Kingsway.

Web: MonarchGroup.net

Water Tower

by Empire Communities

Landing soon in Hillcrest Village. Register today to stay informed.

Web: TheNestCondos.com

Now open, a new urban waterscape offering inspired condo living in the award-winning Eau Du Soleil community.

Web: EmpireWaterTower.com

Harmony Village

by City Core Developments

Imperial Plaza

by Camrost Felcorp

Live in perfect harmony with comfort, convenience and culture, at Sheppard and Warden. Register today.

Web: HarmonyVillage.ca

Biyu at Emerald City

by ELAD Canada

Coming soon to Toronto’s lap of luxury.

Register online to stay informed.

Web: 1Yorkville.ca

Coming soon, new condominiums at Emerald City, at Sheppard and Don Mills.

Register now to stay informed.

Web: BiyuCondos.com

Harbour Plaza

by Menkes

Westinghouse Lofts

by Easton’s Group/Remington

Register now to connect with Toronto’s ultimate love/work/play address.

Web: Menkes.com 084

Condos now on sale, where modern urban meets Mother Nature. Register today.

Web: DanielsHighPark.com

new releases & grand openings

Coming soon to King and Blue Jays Way. Register to stay up to date.

Web: KingBlueCondos.com

Now under construction. Visit the new sales centre at 1499 Yonge St., north of St. Clair.

Web: ImperialCondos.ca

Love Condominiums

by Gemterra

Now open! Visit the new sales centre and designer-decorated model suite at Sheppard and Birchmount.

Web: LoveCondominiums.com

88 Scott

by Concert Real Estate Corp.

The Award Series has arrived! Limited collection of one-bedroom, one-bedroomplus-den and two-bedroom view homes.

Web: 88Scott.com

GTA Edition February 15- March 1, 2014

Your complete source for condos, lofts and townhomes in Toronto

IN THIS SECTION Maps and listings for new condo communities in the 416 region Builder news and the latest in condos in the 416

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

# Builder 3 PINNACLE INTERNATIONAL 6 CRESFORD DEVELOPMENT CORP. 7 THE DANIELS CORPORATION 8 CRESFORD DEVELOPMENT CORP. 10 EMPIRE COMMUNITIES 15 TRIDEL CORPORATION 17 ROCKPORT GROUP 23 TRIBUTE COMMUNITIES 25 TRIDEL CORPORATION 26 BAZIS INC. 27 THE DANIELS CORPORATION 28 EMPIRE COMMUNITIES 29 PINNACLE INTERNATIONAL 31 WORSLEY URBAN PARTNERS 35 MENKES DEVELOPMENTS INC. 36 NEUDORFER CORPORATION 37 CRESFORD DEVELOPMENT CORP. 38 EASTON’S GROUP 52 CRESFORD DEVELOPMENT CORP. 52 CRESFORD DEVELOPMENT CORP. 58 GREAT GULF HOMES 59 LINDVEST 99 GREAT GULF HOMES 124 PINNACLE INTERNATIONAL 140 EDEN SHAW 140 45 CHARLES LTD. 149 CAMROST - FELCORP 150 ASPEN RIDGE HOMES 155 LIFETIME DEVELOPMENTS 162 PIANOSI DEVELOPMENTS 189 THE DANIELS CORPORATION 190 CRESFORD DEVELOPMENT CORP. 192 MINTOURBAN COMMUNITIES INC. 199 FIELDGATE HOMES 202 BAZIS INC. 202 RIO CAN 202 METROPIA 215 DUNDEE KILMER DEVELOPMENTS 217 PEMBERTON GROUP 217 BAYWOOD HOMES 218 MALIBU INVESTMENTS INC. 222 LAMB DEVELOPMENT CORP. 1 GOLDMAN GROUP & LASH DEV. CORP. 1 GOLDMAN GROUP & LASH DEV. CORP. 2 GREAT GULF HOMES 3 CONCORD ADEX 3 CONCORD ADEX 3 CONCORD ADEX 3 CONCORD ADEX 3 CONCORD ADEX 4 GAIRLOCH INVESTMENTS 4 TRIDEL CORPORATION 5 ONNI GROUP OF COMPANIES 5 ONNI GROUP OF COMPANIES 8 CRESFORD DEVELOPMENT CORP. 8 CRESFORD DEVELOPMENT CORP. 9 ASPEN RIDGE HOMES 11 MENKES DEVELOPMENTS INC. 11 MENKES DEVELOPMENTS INC. 12 NORTH DRIVE INVESTMENT 13 STREETCAR DEVELOPMENT 14 CANALFA GROUP 16 FREED 18 URBAN CAPITAL 18 URBAN CAPITAL 19 KINGSTONE ROAD DEVELOPMENT 20 MENKES DEVELOPMENTS INC. *TH: Townhomes, C: Condo

Site Telephone TH* C* Price Range Page Finder The Marquee Townhomes on thePark pinnacleuptown.com • from $720,000 61 20K Merton Yonge Condominiums 416-484-1900 • from $350,000 127 & IBC 14E High Park Condominiums 416-351-1844 • from $300,000 39 8L NXT 416-977-5300 • • from $350,000 IBC 8N The HUB 416-784-3482 • from $250,000 6 9F 101 Erskine 416-480-0700 • from $286,000 IFC & BC 14D The Nest 416-223-0003 • from $250,000 63 11H The College 416-363-4800 • from $320,000 47 M14 Spadina Queen 416-661-1949 • from $350,000 IFC 15D One Yorkville 1yorkville.ca • 5 15I One Park Place South Tower 416-955-0559 • from $200,000 23 18K Water Tower at Eau Du Soleil 416-503-3328 • from $320,000 7 25B 33 Bay Residences at Pinnacle Centre 416-925-3325 • from $375,000 60 17M Totem Condominium 416-792-1877 • from $250,000 65 15H 87 Peter menkes.com • Insert 15M Fuse Condos 416-534-4444 from $220,000 77 9K Lofts 399 416-867-3999 • from $590,000 IBC 14L Dundas Square Gardens 416-645-8575 • from $200,000 68-69 17K CASA 2 416-977-1100 • from $290,000 IBC 15L CASA III 416-486-2272 • from $250,000 IBC 15L Monde 416-466-8885 • from $340,000 Insert 17M B Streets 416-532-6636 from $369,000 103 13J One Bloor Residences 416-922-0081 • from $550,000 Insert 15I The Pinnacle on Adelaide 416-596-1600 • from $334,000 61 15M Chaz Yorkville Condos 416-922-0045 • from $350,000 31 16J Chaz Yorkville Condos 416-922-0045 • from $320,000 31 16J Imperial Plaza 416-925-2501 • from $986,000 3 15I Studio on Richmond 647-352-7736 • from $300,000 49 15M The Bond Condominiums 416-546-7525 • • 25 15G Perspective Condos 416-242-3500 from $280,000 99 4H Cinema Tower Condominiums 416-203-2020 • from $450,000 15 14M 1000 Bay 416-485-3000 • from $390,000 IBC 15J 30 Roe 416-915-3812 • from $350,000 75 14D 90 Niagara 90niagara.com from $350,000 53 14O E Condos 416-243-8688 • from $300,000 19 14E E Condos 416-243-8688 • from $300,000 19 14E E Condos 416-243-8688 • from $300,000 19 14E Canary District Condominiums 416-603-7576 • from $250,000 45 18L TEN93 Queen West 905-326-4100 • from $280,000 8-9 12F TEN93 Queen West 905-326-4100 • from $280,000 8-9 12F Smart House 416-292-0219 • from $230,000 51 15L The Harlowe 416-363-1771 • from $260,000 73 15M 530 St. Clair Ave. West 416-868-0500 • from $344,000 12H the rushton rushtonliving.com • from $344,000 12H Yonge+Richmond 416-499-8883 • from $278,000 16K Grand Parade 2 at Concord CityPlace 416-813-2999 • 15M ParadeTWO Park Collection at Concord CityPlace 416-813-2999 • from $308,000 15M Quartz 416-813-2999 • • 15M Spectra 2 416-813-2999 • • 15N Grand Parade 2 at Concord CityPlace 416-813-2999 • 15M 383 Sorauren 383sorauren.com 9L Aqualina at Bayside 416-514-2710 • from $350,000 16E Garrison at the Yards 416-260-2600 • from $190,000 14N West Lake 416-260-2600 • from $240,000 14N NXT 2 416-977-5300 • • from $300,000 8N NXT2/Phase Two 416-977-5300 • • from $210,000 8N VU 416-970-9500 • • from $370,000 16L Pears on the Avenue 416-323-0100 • from $382,000 14I 365 Church 416-591-7700 • from $250,000 14I The High Park 416-670-3699 • from $300,000 8L Trinity Lofts 416-690-2988 • from $330,000 19L Liberty Place 416-537-0047 • • from $170,000 12N 155 REDPATH 416-996-5428 • from $210,000 14D River City 416-862-0505 • • from $250,000 18L River City 2 416-862-0505 • • from $250,000 18L The Glen 416-694-3333 • from $255,000 23H Fabrik 416-591-7700 • from $250,000 14M

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

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

Builder

TOWER HILL DEVELOPMENT CORPORATION EASTON’S GROUP REMINGTON GROUP EASTON’S GROUP REMINGTON GROUP MONARCH CORPORATION TRIDEL CORPORATION GREENPARK HOMES BAZIS INC. PINNACLE INTERNATIONAL TOWER HILL DEVELOPMENT CORPORATION MADISON HOMES LAMB DEVELOPMENT CORP. CENTRE COURT DEVELOPMENT CONCORD ADEX CONSERVATORY GROUP TIMES DEVELOPMENTS INC. MINTOURBAN COMMUNITIES INC. MINTOURBAN COMMUNITIES INC. LANTERRA DEVELOPMENTS CANALFA GROUP PEMBERTON GROUP LAMB DEVELOPMENT CORP. E-PARK DEVELOPMENT EMSATEC CANADA INC NEUDORFER CORPORATION MADISON HOMES STATE BUILDING GROUP EMPIRE COMMUNITIES LAMB DEVELOPMENT CORP. TRIDEL CORPORATION HARHAY DEVELOPMENTS CARTTERA FERNBROOK HOMES/CITYZEN DEV. DHD DEVELOPMENTS LAMB DEVELOPMENT CORP. HARHAY DEVELOPMENTS PLAZA MENKES DEVELOPMENTS INC. LIFETIME DEVELOPMENTS ASPEN RIDGE HOMES CONTEXT DEVELOPMENT INC. CONTEXT DEVELOPMENT INC. THE BROWNSTONE GROUP OF COMPANIES THE BROWNSTONE GROUP OF COMPANIES GREAT GULF HOMES PLAZA BAZIS INC. METROPIA PLAZA PEMBERTON GROUP THE DANIELS CORPORATION THE DANIELS CORPORATION THE DANIELS CORPORATION GREAT GULF HOMES LIFETIME DEVELOPMENTS LIFETIME DEVELOPMENTS CONCERT PROPERTIES TRIANGLE WEST DEVELOPMENT LANTERRA DEVELOPMENTS TRIDEL CORPORATION TRIDEL CORPORATION TRIBUTE COMMUNITIES TRIBUTE COMMUNITIES GRAYWOOD DEVELOPMENTS MOD DEVELOPMENTS INC. CANDEREL/STONERIDGE ALTERRA HOMES/FINER SPACE BSAR LTD ANDRIN HOMES GRAYWOOD/BEAVERHALL DEVELOPMENT CITYZEN FERNBROOK HOMES FERNBROOK HOMES URBAN CAPITAL MALIBU INVESTMENTS INC. ALIT DEVELOPMENTS TRE MEMOVIA DEVELOPMENTS LIFETIME DEVELOPMENTS CASTLEPOINT/CITYZEN/FERNBROOK SORBARA GROUP STREETCAR DEVELOPMENT CAMROST - FELCORP MIZRAHI | KHALILI DEVELOPMENTS SORBARA GROUP GRAYWOOD DEVELOPMENTS MOD DEVELOPMENTS INC. RESERVE PROPERTIES RESERVE PROPERTIES PEMBERTON GROUP STREETCAR DEVELOPMENT GREENPARK HOMES TRI-WIN DEVELOPMENTS INC BURNAC CORPORATION LIFETIME DEVELOPMENTS CENTRE COURT DEVELOPMENT STREETCAR DEVELOPMENT MENKES DEVELOPMENTS INC. FREED CARTTERA SOLOTEX MOD DEVELOPMENTS INC. RESERVE PROPERTIES CASTLEPOINT/NUMA TORBEL GROUP URBAN CAPITAL TAS DESIGNBUILD LAMB DEVELOPMENT CORP. LAMB DEVELOPMENT CORP. FREED MANSOURI LIVING MENKES DEVELOPMENTS INC.

*TH: Townhomes, C: Condo

Site

Telephone

TH* C*

Price Range

Page

Finder

2221 Yonge 647-350-2221 • from $200,000 14E King Blue Condominiums 416-599-1355 • from $200,000 12N King Blue Condominiums 416-599-1355 • from $200,000 12N Westinghouse Lofts 416-599-1355 • from $200,000 12N Westinghouse Lofts 416-599-1355 • from $200,000 12N Picasso on Richmond 416-495-3549 • 14M Ten York 416-596-9888 • from $1020,000 12F Axiom Condominiums 647-352-4077 • from $225,000 17L No1 Yorkville 1yorkville.ca • 15I Success Tower at Pinnacle Centre 416-360-0673 • from $750,000 17M Churchill Park Condominiums 416-966-9080 • from $900,000 13H The Madison 416-482-8090 • from $420,000 14E Riverside Towns 416-368-5262 • from $460,000 19L Core Condos 416-598-2673 • from $220,000 16L Infinity The Final Phase 416-214-1988 • from $300,000 16M Milan 416-928-7409 • from $520,000 15I The 500 Condos + Lofts 416-960-0606 • from $400,000 17I King West 416-367-5464 • from $210,000 14M 775 King West 416-367-5464 • from $330,000 14M 3018 Yonge In Lawrence Park 416-787-8882 • from $390,000 14B Liberty Central by the Lake 416-537-0047 • • 12N The Uptown Residences 416-987-3500 • from $950,000 16J The Brant Park 416-368-5262 • from $262,000 14M Foundry Lofts 416-531-7760 from $399,000 9I The Brownstones 5 416-531-7760 • from $350,000 9I Brownstones 416-531-7760 • from $305,000 9I The Upper Canada Condominium 416-489-5194 • from $1800,000 14G The Upper Canada Condominiums 416-489-5194 • from $1.8,000 14G Schoolhouse 416-979-1333 • from $595,000 13I Flatiron Lofts 416-368-5262 from $243,000 20J 300 Front Street West 416-217-0300 • from $324,000 15M One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 13M One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 13M Pier 27 Waterlink 416-367-3456 • from $800,000 17N Condos at The Distillery 416-361-1322 • from $400,000 18L The King East 416-368-5262 • from $435,000 18L East Condos & Lofts 416-368-5262 • from $310,000 18L King West 647-341-1731 • from $346,000 13N Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 15I Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 15I Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 14J Market Wharf 416-861-8181 • from $260,000 17M Library District Condominiums 416-861-8181 • from $222,000 17M Brownstones in Davenport Village 416-531-7760 from $245,000 9J Brownstones on the Park 416-531-7760 • from $260,000 9J Charlie 416-927-9772 • from $251,000 14M Ivory On Adelaide 647-341-1731 • from $279,000 17L Exhibit 416-967-7778 • 14I Exhibit 416-967-7778 • 14I Exhibit 416-967-7778 • 14I U Condominiums 416-546-6605 • from $2500,000 15K One Park West 416-955-0559 • from $406,000 18J One Park Place Condominiums 416-955-0559 • from $200,000 18J Festival Tower 416-203-2020 • from $350,000 M14 X2 416-927-0080 • from $303,000 16J X2 416-927-0080 • from $303,000 16J Bisha Hotel & Residences 416-637-2211 • from $274,000 16M 88 Scott 416-216-8588 • 17M Art Condos 416-535-7775 • from $530,000 12N Riverhouse at the Old Mill 416-766-7343 • from $520,000 5L Two Old Mill 416-645-7022 • from $356,000 5L Old Mill 416-645-7022 • from $450,000 5L RCM I on University 647-351-9247 • from $393,000 14M Queen & Portland 416-363-4800 • from $315,000 15I 5 St. Joseph 416-928-0555 • • from $250,000 16J 5 St. Joseph 416-928-0555 • • from $250,000 16J DNA 3 416-929-1030 • from $220,000 12N Post House Condominium 416-964-2777 • from $350,000 16L 12 Degrees 416-408-1200 • from $350,000 15L The Berwick 416-922-9425 from $280,000 14D The Mercer 416-597-6940 • from $350,000 15M Backstage on the Esplanade 416-777-2533 17M Backstage on the Esplanade 416-777-2533 17M Vero 416-798-7070 from $250,000 17M Tableau Condominiums 416-591-8887 • • from $450,000 15L Tableau Condominiums 416-591-8887 • • from $350,000 15L Tableau Condominiums 416-591-8887 • • from $350,000 15L Carmelina 416-423-8500 • from $325,000 23J The Yorkville Condominiums 416-987-3344 • • from $550,000 15G L Tower 416-777-2533 • from $410,000 17L thirtytwo Camden 416-860-0060 • from $240,000 14L 8 Gladstone 416-690-9009 • from $335,000 M12 Yorkville Plaza 416-966-3003 • • from $350,000 14H 133 Hazelton Residence 416-926-9900 • 14I 210 Simcoe 416-217-0210 • from $200,000 15M Five Condos 416-928-0555 • • from $375,000 15J Five Condos 416-928-0555 • • from $375,000 15J Rise 416-546-7399 • • from $290,000 12H Model Suite of the Month • 12H Neon 416-987-7878 • from $470,000 14D The Carlaw 416-690-8588 • from $200,000 19K Allure Condominiums 416-487-7600 • from $350,000 14F FAD Condos 416-815-1818 • from $250,000 14M South Hill on Madison southhillonmadison.com • from $200,000 13I INDX 416-987-4639 • 16M INDX 416-987-4639 • 16M The Carnaby 416-690-9009 • from $250,000 12M Noir 416-977-8780 • from $250,000 15M SIXTY Colborne 416-601-0060 • from $300,000 16L SIXTY Colborne 416-598-7775 • from $300,000 16L Upper Beach Townes • 24G The Massey Tower 416-966-0197 • • $320,000 16L 109OZ 416-531-4844 • from $300,000 12M The Sterling 416-777-2533 • • from $230,000 9L Wallace Walk 416-531-1818 • from $210,000 9L Smart House 416-292-0219 • from $230,000 15L Duke Condos junctionlife.ca 8K King Charlotte 416-368-5262 • from $416,000 15M Theatre Park 416-368-5262 • from $537,000 16M Thompson Residences 416-360-0600 • from $280,000 The Perry 416-926-7555 • from $390,000 Harbour Plaza menkes.com •

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

torontoregionalmaps: Toronto, East York, York

#

20 21 21 21 21 22 22 24 26 29 30 32 33 34 41 46 54 55 55 57 60 62 64 66 66 66 70 70 78 81 83 85 85 88 94 101 101 102 103 103 104 106 106 109 109 110 114 117 117 117 118 120 120 122 126 126 128 129 130 131 131 131 133 134 135 135 136 137 141 142 148 151 151 151 153 153 153 154 155 157 165 170 171 173 175 179 179 184 184 185 186 188 191 193 195 195 197 198 200 200 201 206 207 210 217 218 219 220 221

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

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

087

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

A

101

Steeles Ave

121

99

33

B

21 22 23 24 25 26

North York C

14

400

2

135

5

37

124

40 8 50

128

4

5

1

401

D

6

124

96 28

123

E

21

401 3 122

F

130

98

125

132 25

G

95

H

torontoregionalmaps: North York

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

088

#

Builder

5 5 121 123 124 128 1 2 3 4 4 6 6 6 6 8 14 15 21 28 33 37 40 50 50 86 94 95 96 96 96 99 101 122 122 122 125 128 130 132

LINDVEST LINDVEST LIBERTY DEVELOPMENT CORP. BRANDY LANE HOMES TRIDEL CORPORATION THE DANIELS CORPORATION CONCORD ADEX TORBEL GROUP YYZED PROJECT MANAGEMENT TRIDEL CORPORATION TRIDEL CORPORATION CONCORD ADEX CONCORD ADEX CONCORD ADEX CONCORD ADEX CONSERVATORY GROUP TORBEL GROUP EMERY CONDOMINIUMS TRIDEL CORPORATION TRIDEL CORPORATION CASTLE ROYALE DEVELOPMENT NORSTAR GROUP OF COMPANIES MENKES DEVELOPMENTS INC. MINTOURBAN COMMUNITIES INC. DEVRON DEVELOPMENTS CANDEREL/STONERIDGE DHD DEVELOPMENTS ASPEN RIDGE HOMES ELAD CANADA ELAD CANADA ELAD CANADA THE BROWN GROUP OF COMPANIES KANTIUM DEVELOPMENT LANTERRA DEVELOPMENTS LANTERRA DEVELOPMENTS LANTERRA DEVELOPMENTS FRAM BUILDING GROUP THE DANIELS CORPORATION TRIBUTE COMMUNITIES FRAM BUILDING GROUP/CADILLAC FAIRVIEW

*TH: Townhomes, C: Condo

Site

Telephone

TH* C*

Price Range

Page

Finder

The Brownstones at Westown lindvest.com from $330,000 93 4C Grand Cornell Brownstones in Markham lindvest.com from $350,000 97 4C World on Yonge 905-771-7010 • from $284,000 35 A18 The Station 416-398-9777 • from $420,000 55 12D Trio at Atria 416-645-8866 from $258,000 IFC 24C NY2 416-221-3939 from $250,000 41 19C Opus 416-813-2999 • • 22C The Avanti Condominiums 416-636-0400 from $390,000 17C VISTO vistocondos.ca from $220,000 8E Hullmark Centre 416-733-2883 • from $524,000 18D Aristo at Avonshire 416-730-0300 • from $383,000 18D Tango at Concord Park Place 416-813-2999 • • from $236,000 22C Discovery at Concord Park Place 416-813-2999 • 22C Discovery II at Concord Park Place 416-813-2999 • • from $210,000 22C Tango2 at Concord Park Place 416-813-2999 • from $265,000 22C Pearl 2 Condominiums 416-512-1818 • 17C Diva DivaCondo.com from $250,000 11C The Essential 905-887-4888 • from $250,000 20E Argento 416-663-1818 • from $562,000 22E Alto at Atria 416-645-8866 • from $288,000 25D The Palm Condominium Residences 416-306-1000 • from $400,000 17B Portrait Condominiums 416-282-9600 • from $300,000 13C Gibson Square 416-730-9722 • from $385,000 17C 88 416-915-3805 • from $325,000 18C Flo Condominiums 647-799-0356 • from $250,000 18C Aura At College Park 416-962-8688 • from $995,000 16K Gooderham 416-361-1322 • from $410,000 18L Scenic on Eglinton 416-805-1781 • 23G Emerald City Condominiums 416-492-0001 • from $256,000 24C Dreamtower At Emerald City 416-492-0001 • from $248,000 24C Biyu Emerald City biyucondos.com • from $250,000 24C Willow Park at Bayview 416-221-6767 • from $400,000 21 Posh Condominiums 905-771-0134 • from $544,000 16A Treviso Condominiums 416-787-8882 • from $250,000 12F Treviso II 416-787-8882 • from $250,000 12F Treviso III 416-787-8882 • from $250,000 12F LIV Lofts 416-445-5638 • from $250,000 22F NY Place 416-221-3939 • from $250,000 19C Canterbury 647-352-2130 • • from $700,000 19F Flaire Condos 416-445-8868 • from $320,000 22F

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

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

Etobicoke Rathburn Rd

19

44 Bloor St W

d

Dundas St W

Queensway

70

11 53 3 56 39 4 37 6 33

Gardiner Expressway Evans Ave

Horner Ave

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

5 Park Lawn

35

50 14 51 34

Royal York Rd

Scarborough

d

Av e

40

Dixon Rd

ett R Scarl

ll R Mi

Da nf or th

vd

8

H

*TH: Townhomes, C: Condo

Islington Ave

Ranforth Dr

409

QEW

65

Lakeshore Blvd W

Site Telephone TH* C* Price Range Page Finder The Epicurean 416-495-3530 • from $250,000 17 23F Riva del Lago 416-495-3544 • from $350,000 Insert 24C Watermark 416-354-2221 • from $307,000 107 19D Terrace on Danforth 416-987-7575 • from $235,000 35 2F Harmony Village Sheppard 416-493-0123 from $176,000 67 2C West Village 416-620-1887 • from $290,000 IFC 21F Three Seven Condos & Lofts esquirehomes.ca • from $210,000 11D Atwater Condos 905-271-5038 • from $280,000 12B Centro 416-296-1898 • from $185,000 6D On The Go Mimico 647-692-8417 • from $250,000 23C On The Go 647-692-8417 • from $250,000 23C Nautilus at Waterview 416-203-6636 • from $400,000 25H Altitude 416-321-1659 • from $230,000 25H One Sherway Condominiums 416-695-3535 • 16G One Sherway Condominiums 416-695-3535 • 16G Palais at Port Royal Place 416-239-8200 • from $260,000 23F Cloud 9 Condominiums 416-747-0199 • from $220,000 22B Cloud 9 Condominiums 416-800-0812 • from $240,000 22B ilofts at Mystic Pointe 416-251-8888 • from $310,000 25G California Condos 416-251-8888 • from $242,000 25G Ocean Club 416-255-4663 • from $250,000 24C Lago 416-495-3544 • from $200,000 24C Eleven Superior 416-259-8882 • from $220,000 23C Encore 416-495-3544 • 5D Beyond The Sea Star Tower Condominiums 416-979-1333 • • from $400,000 24H Evolution 416-747-9691 • from $250,000 22G Parc Nuvo at Essex 416-231-0999 • from $456,000 22G South Beach 416-252-3000 from $209,000 25H Waterscapes 416-495-3544 • 26H Ventus at Metro Gate 416-293-5535 • from $314,000 4C One Valhalla 416-233-5554 • from $239,000 21F Park Towers at IQ 416-253-5838 • from $220,000 22G Vivid Condos 416-239-8200 • from $250,000 23F Westwood Condominiums 416-239-9888 • from $250,000 23F Avani At Metrogate 416-293-5535 • from $240,000 4C Jade Condominiums 416-762-8818 • from $293,000 24G Nature’s Path 416-745-6686 • • from $270,000 11E 2150 Condos 416-750-2150 • 3E Haven On The Bluffs 416-2611-9555 • from $160,000 3E Lexington 416-638-8444 • from $240,000 21C South Shore 416-913-2136 • from $350,000 22H Qube Condos 647-351-7823 • from $200,000 24G Me Condos 416-430-0003 • from $150,000 8D

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

torontoregionalmaps: Scarborough, Etobicoke

Builder MONARCH CORPORATION MONARCH CORPORATION QUEENSCORP RESIDENCES LIBERTY DEVELOPMENT CORP. CITY CORE TRIDEL CORPORATION ESQUIRE HOMES WINDCATCHER DEVELOPMENT CORPORATION HENDERSON DEVELOPMENT LIMITED STANTON RENAISSANCE STANTON RENAISSANCE MONARCH CORPORATION CONSERVATORY GROUP GREAT GULF HOMES MENKES DEVELOPMENTS INC. PEMBERTON GROUP LASH GROUP OF COMPANIES CARTTERA CAMROST - FELCORP CAMROST - FELCORP GRAYWOOD/BEAVERHALL DEVELOPMENT MONARCH CORPORATION DAVIES SMITH MONARCH CORPORATION EMPIRE COMMUNITIES AVERTON HOMES TRIDEL CORPORATION AMEXON DEVELOPMENT CORPORATION MONARCH CORPORATION TRIDEL CORPORATION EDILCAN DEVELOPMENT CORP. REMINGTON GROUP PEMBERTON GROUP ALTERRA HOMES/FINER SPACE TRIDEL CORPORATION PHANTOM DEVELOPMENTS YOUR HOME DEVELOPMENTS VHL DEVELOPMENTS LTD. VHL DEVELOPMENTS LTD. ROYALE GRAND WOODBINE DEVELOPMENTS MINTOURBAN COMMUNITIES INC. FIRST AVENUE PROPERTIES LASH GROUP OF COMPANIES

Kipling Ave

Bl

Westway

7

# 5 18 25 28 38 44 1 1 2 2 2 4 6 7 7 8 10 10 11 11 15 18 20 29 33 34 35 37 39 42 45 46 50 51 55 56 60 61 61 62 65 70 71

Martin Grove Rd

2A

ve nA

Ki

e

1

401

lva

Sy

al

27

60

10

62

Re

xd

Centennial

Manse Rd

72

n sto 1

ng

Ki

d

427

RD

Galloway Rd

St. Clair Ave 1

Orton Park Rd

Markham Rd

McCowan Rd

Bellamy Rd

Lawrence Ave E

Scarborough Golf Rd

n Dr

orto

nR

Finch Ave W

23

East Ave Port Union Rd

71

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

Victoria Park

G

Progress Ave

Brim

Eglinton Ave E

F

29

bio

Sheppard Ave E

Morrish Rd

2

Brimley Rd

Warden Ave

Pharmacy Rd

E

61

Birchmount Rd

D

Kennedy Rd

Ellesmere Rd

401 Midland Ave

55 401 31

Milner Ave

Al

Humberline Dr

1

Beare Rd

Sheppard Ave E

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

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

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

089

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21 22

Va lle yP ar kw n Do

26

Park

Ave

2

8

o esh Lak W Blvd

y Valle D on ay Parkw

QEW

16 17 shore Lake W Blvd

25

rd S

tE

20

11

St

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14

Jarvis

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St Keele

1

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Univ

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24

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Toronto Waterfront

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

Builder

Site

58 GREAT GULF

#

Monde

416-466-8885

1

Park Lake Residences Grand Parade 2 at Concord CityPlace

Pemberton Group

waterfrontmaps: Toronto

3 Concord Adex

090

Telephone

TH* C*

Price Range

Page

Finder

• • from $304,000

insert

416-769-4343

• • from $250,000

3F

416-813-0999

15M

•

17M

3

Concord Adex

Quartz

416-813-0999

• •

15M

3

Concord adex

ParadeTWO Park Collection at Concord CityPlace

416-813-0999

• from $308,000

15M

4

Monarch Corporation

Nautilus at Waterview -

416-203-6636

• from $400,000

25H

4

tridel corporation

Aqualina at Bayside Toronto

416-514-2710

•

16E

6

Plazacorp/Berkley Community

West Harbour City

westharbourcity.com

• from $327,000

13E

7

Lifetime Homes

Waterparkcity – Neptune

416-203-3700

•

13f

8

Concord Adex

ParadeTWO Tower Residences

416-813-0999

• from $287,000

14f

8

Concord Adex Grand Parade at Concord CityPlace

416-813-0999

• from 293,000

14F

8

Concord Adex

416-813-0999

• from $389,000

14F

Panorama at Concord CityPlace

8

Concord Adex

Panorama Elite Suites at Concord CityPlace

416-813-0999

• from $1,135,000

14F

8

Concord Adex

Luna Vista at Concord CityPlace

416-813-0999

• from $2,213,000

14F

8

CONCORD ADEX

Spectra

416-813-0999

• •

14F

8

Cresford Development Corp.

NXT at Windermere By The Lake

416-977-5300

• • from $300,000

11f

8

Cresford Development Corp.

NXT2/Phase Two

416-977-5300

• • from $210,000

4E

9

Conservatory Group

Infinity Condominiums

416-214-1988

• from $250,000

14f

11 CAMROST FELDCORP

California Condominiums

sunsetcondos.ca

• from $242,000

25G

14 Canalfa Group

Liberty on the Park Condominiums

416-537-0047

• from $363,000

10F

15 Malibu investments inc.

LTD

416-601-2223

• from $200,000

12F

18 Fernbrook Homes/Cityzen Dev.

Pier 27 Residences On The Lake

416-367-3456

• from $300,000

11F

18 URBAN CPITAL

River City 2

416-862-0505

• from $250,000

18L

29 PINNACLE INTERNATIONAL

33 Bay Residence at Pinnacle Centre

416-925-3325

• • from $375,000

17M

60 CANALFA GROUP

Liberty Central by the Lake

416-537-0047

12N

*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

Anderson St

Adelaide Ave

King St W Bond St W

Park Rd S

Phillip Mur

TH* C*

Price Range

Lake

og

Scug

Manvers

Page

Finder

Scugog

416-354-2221 48

• from $307,000

107

416-503-3328

• from $320,000

7

905-271-5038

• from $280,000

19D 25B

Newcastle 12B

Oshawa

Dr

Ce rem on ial

Qu ee nS tE

St W

Ra th bu rn Rd W

or Qu Dr ee n

Ro ya lW ind s

Sh Sp erid ea an km P an ark Tr Dr Dr us co tt Dr

Th eC oll eg ew ay

La ke sh or eR dW

Stanton Renaissance

On The Go

647-692-8417

401 • from $250,000

5

United lands

Stonebrook Condominiums

905-822-8858

• from $270,000

9E

8

chestnut hill development

San Francisco By The Bay

905-831-3631

• • from $180,000

23J

10 Pemberton Group

Bluwater Condominiums

416-987-8800

• from $350,000

5J

11 Monarch Corp.

Waterscapes

416-495-3544

• from $390,000

25C

13 GREEN HILL HOMES

Princeton Manor

905-849-1818

• from $210,000

6G

14 Phantom Developments

Jade Waterfront Condos

416-251-0707

• from $250,000

24G

15 GRAYWOOD DEVELOPMENTS

Ocean Club

416-255-4663

• from $250,000

24C

18 MONARCH CORP.

Lago

416-495-3544

•

24C

20 DAVIES SMITH

Eleven Superior

416-259-8882

• from $220,000

23C

23C

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

Uxbridge

Si

Bloor St

Lindsay

2

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Stevenson Rd

Whitby 7 Waterfront

Thornton Rd

Wentworth St

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401

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Centre St.

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Cannington

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091

event

Winter warm-up!

Celebrate Family Day on Toronto’s Waterfront With the groundhog predicting six more weeks of winter, Winter Warm-Up on Toronto’s Waterfront is a welcome event this Family Day. Enjoy free family fun for kids of all ages on Mon., Feb. 17 along the Toronto waterfront, from 10 a.m. until 6 p.m. Watch dog sport demos, create arts and crafts, discover Inuit art and warm up with a variety of complimentary hot beverages, offered all day long!

Bring your own insulated travel mug into the following local businesses for a free hot refill: Indian Roti House 256 Queens Quay W. (east of Rees Street) serving up masala chai tea Iron Rose Tea Gallery 228 Queens Quay W. (Suite #9 – entrance on Simcoe Street) serving up tea of the day or hot mulled apple cider Lick It Gelato 250A Queens Quay W. (east of Rees Street) serving up coffee or hot chocolate Music Garden Cafe 466 Queens Quay W. (west of Spadina) serving up coffee or hot chocolate Rabba Fine Foods 252 Queens Quay W. (east of Rees Street) serving up Brown Gold single coffee (origin roasts) or tea RBC Insurance & Sobeys 207 Queens Quay W. (Queen’s Quay Terminal - west of York Street) serving up coffee or hot chocolate The Wine Shop 228 Queens Quay W. (at Simcoe Street) serving up one-oz. samples of Panama Jack’s Cream Wine Liquor on its own or with coffee. (Samples will be offered after 11 a.m. and must be consumed inside the store as per legal restrictions.)

Williams Fresh Cafe 245 Queens Quay W. (east of Rees Street) serving up coffee or hot chocolate

Visit waterfrontbia.com or call 416.596.9821 for more information.

092 new Condo Guide feb 15 - mar 1, 2014

Indian Roti House Masala Chai Tea Recipe The Indian Roti House makes a traditional Masala Chai with creamy hot milk, fragrant black tea, fresh cardamom, cinnamon and ginger. Sugar is not added during the preparation but can be added to taste.

Masala Chai is a creamy, soothing traditional hot Indian beverage that combines black tea, spices, sugar and milk. The secret to a great chai is in the masala (spice mixture). The most common are cardamom, cinnamon, ginger, cloves and pepper. Masala chai is warming, soothing, acts as a natural digestive aid and gives one a wonderful sense of well-being. It’s difficult to resist a second cup.

Ingredients › 1.5 cups water › 1 cup whole milk

› 1 tablespoon grated ginger

› 5 cardamoms

› 2.5 tablespoons black tea powder (loose leaf tea)

› 1 stick of cinnamon

› sugar (to taste)

Directions › Add cinnamon, cardamom, grated ginger, black tea powder, and 1.5 cups of water to a pot. Bring to boil. › Once the mixture is boiling, add in the milk. › Continue heating the chai tea mixture until it just starts boiling. At this point, remove the pot from the stove. › Pour the tea into serving cups through a strainer that catches everything but the liquid. › Add sugar (to taste) to each cup, stir and serve!

093

Sweetest Suites

MODEL SUITE CAPTURES LINDVEST’S DESIGN PANACHE at The Brownstones at Westown Lindvest’s newest addition to the company’s community at Weston Road and Sheppard Avenue West, is attracting a spectrum of purchasers, from first-time buyers to empty-nesters.

Buyers of all ages are astounded at the value in this collection of stacked two-bedroom townhomes priced from $329,900, with maintenance fees approximated at an unbelievable $0.19 per sq. ft. – all in a 416 location, just 20 minutes from downtown Toronto.

The Brownstones at Westown,

094 new Condo Guide feb 15 - mar 1, 2014

To reflect a myriad of tastes, Lindvest appointed LUX Design for the model suite. LUX did a brilliant job playing with neutrals, pops of colour, furnishings and accessories that reflect the contemporarytraditional architecture and appeal to a diverse clientele. The 942-sq.-ft.

Astoria model is a must-see.

“To achieve a fresh look while incorporating a traditional sensibility, we selected wood tones to warm things up,” says LUX senior designer Danielle Baker. “Grey walls contrast the dark brown flooring, which has a touch of grey and complements the wood grain of the modern kitchen cabinet doors.”

The injection of vibrant colours and bold patterns in artwork and area rugs illustrates how buyers can infuse their surroundings with their personalities.

“The use of area rugs is particularly striking in the suite’s open-concept Great Room,” Baker explains. “Combined with furniture groupings, they delineate the living and dining areas.”

She also married modern and traditional furnishings and accessories. “The chandelier in the dining area adds a touch of

traditional to the contemporary table and chairs, and the wood tabletop ties everything to the kitchen cabinets. You could as easily place this table in a rustic cabin, but it blends in well in this setting. We also used several pieces with clean lines and some whites to tie in an urban vibe.”

The Great Room includes a space that is perfect for a desk and chair. “With natural light coming in from the patio, this is a lovely spot for working or placing an artist easel,” Baker says. “The white desk we selected is quite large, and the green chair adds another punch of colour. Its woven seat complements the décor’s rustic touches.”

In the first bedroom, the stainless-steel desk has a glass top. Baker says, “The elk heads on the wall tie in with the dark colour of the leather headboard and

“The elk heads on the wall tie in with the dark colour of the leather headboard and reflect the modern-traditional main living area”

feb 15 - mar 1, 2014 new Condo Guide 095

reflect the modern-traditional main living area.

“In the second bedroom, the leather headboard is a lighter grey, and we used Saarinen-style tables for night stands and placed a rustic lamp.

Throughout the suite, soft sheers on the windows are elegant and allow natural light to filter in.”

The fabulously functional Astoria design features lots of storage. There are closets in the foyer and first bedroom, a walk-in in the second bedroom, plus space in the utility room. Buyers also appreciate having a powder room as well as a full bathroom, and the fact that the bedrooms are situated at the opposite end of the suite from the main living area. Purchasers can choose from different finishing packages to personalize their surroundings.

096 new Condo Guide feb 15 - mar 1, 2014

Westown is Lindvest’s established community close to an amazing array of local amenities and steps from the TTC. The Brownstones’ architecture by RN Design is inspired by New York’s iconic townhomes, and the collection will be finished off with professionally designed landscaped areas. Contemporary interiors by LUX Design offer high-quality features and finishes.

Some designs have patios or balconies with glass privacy screens. Prices for the one- and two-level suite designs include one underground parking spot.

Lindvest is a Toronto-based builder/developer with deep roots spanning six decades in the highly reputed, award-winning H&R family of companies.

Thousands of families already live in Lindvest homes across Ontario.

Visit the Brownstones at Westown’s sales office and model suite today, located at 2277 Sheppard Ave. W. Hours are Monday to Thursday from 1 to 8 p.m.; Saturday and Sunday from 11 a.m. to 6 p.m. For more information or to register, call 416.740.1175 or visit lindvest.com.

097

Winter 2014 edition free

home&condo tHe Guide to BuyinG and ManaGinG your first HoMe

Highrise or lowrise?

Which option is best for you? your first MortGaGe

Demystifying this often intimiDating topic

THE GUIDE TO BUYING AND MANAGING YOUR FIRST HOME

spend vs. save tips to furnish every room in your first home

special edition

416.626.4889 098 NEW CONDO GUIDE FEB 15 - MAR 1, 2014

YFH Cover WINTER2014_FINAL.indd 1

15/01/14 15:34:32

UNDER CONSTRUCTION & UNDER PRICED

DISCOVER PERSPECTIVE TODAY

SCARLETT RD.

Perspective Condominiums is Etobicokeâ&#x20AC;&#x2122;s Landmark community at Scarlett Road & Eglinton. Overlooking the Humber Valley with spectacular panoramic park and city views, hiking and biking trails, golf courses and parks. Inspired and spacious interiors, club like amenities including podium rooftop with outdoor dining and lounging areas.

401 EGLINTON AVE. W

427

BLOOR ST. W SALES CENTRE

PRINCE EDWARD DR.

ISLINGTON AVE.

SITE DUNDAS ST. W

1 BED

$

2 BED

$

FROM

FROM

279900 900 395

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perspectivecondos.ca |

416.242.3500

*On select suites only. Limited time only, see sales representatives for details.

Prices and specifications subject to change without notice. Renderings and images are for mood and impression only. E.&O.E 2013.

099

In The News

LIVE LARGE IN SMALL SPACES

Perspective Condos buyers Wine, Dine and Design with designer Glen Peloso // Photos by Arthur Mola Photography

PICTURED

Celebrity designer Glen Peloso talks to Perspective Condominiums’ buyers about how to live large in small spaces

Pianosi Developments recently treated buyers of its exciting new Perspective Condominiums in Etobicoke to a design seminar featuring industry expert Glen Peloso. A delectable lunch was also on the agenda at the Wine, Dine and Design event held at the Weston Golf & Country Club, one of Perspective’s soon-to-be neighbours.

Popular designer Glen Peloso has a resume any design expert would covet, including 20 years of experience and his roles as principal designer of Peloso Alexander Interiors, and host/designer on HGTV shows including Restaurant Makeover and Take This House and Sell It. He is often featured in national and international magazines, writes a regular design column for The Toronto Star, and is a favourite guest on CTV’s Marilyn Denis Show.

100 new Condo Guide feb 15 - mar 1, 2014

Although the event theme, “Live Large in Small Spaces,” might seem strange for a condominium with such large suites, it was a great fit for those buyers who were moving to Perspective after downsizing from their larger detached homes.

It got people thinking, for instance, about using multi-functional furniture that can address several needs with one piece, such as a convertible coffee table that includes storage and can also be opened up to be used as a desk.

The opportunity to get advice directly from an expert of Peloso’s caliber is rare for any homeowner, and a great example of what sets Perspective apart.

Situated in the ultimate Town and Country environment at Eglinton Avenue and Scarlett Road in Toronto’s west end, Perspective is surrounded by golf courses, miles of trails, and the lush Humber Valley, all minutes from major highways, the airport, and the downtown core Another innovative, condominium-focused initiative at Perspective is its White Glove Right-Size program, which offers all manner of help to those interested in embracing the carefree condominium lifestyle, from figuring out which items of

PICTURED

Pianosi Developments treats buyers at its exciting new Perspective Condominiums to a design seminar featuring industry expert Glen Peloso. Pictured from left to right: Milborne Real Estateâ&#x20AC;&#x2122;s vice-president Mark Partin and sales agent Rita Novak with celebrity designer Glen Peloso and Pianosi president Ian Pianosi

furniture should move in with you, to finding a home stager, to securing interim financing while your current house is on the market. Call or drop in today and ask how the White Glove program can help make your move painless.

Situated in the ultimate Town and Country environment at Eglinton Avenue and Scarlett Road in Torontoâ&#x20AC;&#x2122;s west end, Perspective is surrounded by golf courses, miles of trails, and the lush Humber Valley, all minutes from major highways, the airport, and the downtown core.

High-end features and finishes like tile backsplashes, stainless steel appliances and custom-designed cabinetry accentuate every suite.

With prices starting at $279,900

(including parking and locker!) and terrific amenities including a billiards room, golf training facilities, and a shimmering swimming pool, this nowunder-construction community is an amazing value.

Register today at PerspectiveCondos.com or come visit the sales office at 2893 Bloor St. W. at Prince Edward Drive, open Monday to Thursday, noon to 6 p.m.; Saturday and Sunday, noon to 5 p.m. Call 416.242.3500. feb 15 - mar 1, 2014 new Condo Guide 101

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*VIEW FROM THE 7TH FLOOR, FACING SOUTH WEST. EXCLUSIVE BROKER: MILBORNE REAL ESTATE INC. PRICES, SPECIFICATIONS, FEATURES AND OFFERINGS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O.E. CREATIVE: LA-ADS.COM ALL DIMENSIONS, SPECIFICATIONS, DRAWINGS AND FLOORPLANS ARE APPROXIMATE AND ARE SUBJECT TO CHANGE WITHOUT NOTICE. ACTUAL SQUARE FOOTAGE MAY VARY FROM THAT STATED HEREON. FLOORPLANS MAY BE MIRROR IMAGE OF WHAT IS SHOWN. BALCONY AND TERRACE SQUARE FOOTAGE IS APPROXIMATE AND MAY VARY DEPENDING ON FLOOR LEVEL, LOCATION AND OTHER FACTORS, AND SUBJECT TO CHANGE WITHOUT NOTICE. WINDOW LOCATION, SIZE AND TYPE MAY VARY WITHOUT NOTICE. FURNITURE NOT INCLUDED. E.&O.E.

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 103

In The News

The Morris model suite a must-see at

ME MARKHAM AND ELLESMERE LIVING

With the grand opening at noon on Feb. 22, Lash Group of Companies’ stylish ME Condominiums at Markham and Ellesmere in Scarborough is sure to be a hit with homebuyers. The Morris model suite showcases the livability and flexibility of the designs. In order to appeal to the diverse market attracted to this successful condominium, Paul Davies of Tanner Hill & Associates focused on clean, fresh surroundings that beckon with comfort and style.

“The layouts at ME make efficient use of space,” Davies says. “The 681-sq.-ft. one-bedroom-plus-den Morris model’s open-concept design is perfect for entertaining. The look is fresh, modern and comfortable, with pewter-coloured walls and the standard wide-plank flooring framing the rooms. The choices we made for the kitchen are a real tribute to how great this room can look with standards. Simple slab cabinet doors in textured colours add a lot of character.”

A purple feature wall in the dining room is an exciting backdrop to the edgy light fixture over the 104 new Condo Guide feb 15 - mar 1, 2014

table. “We placed a table and chairs with a retro feel to appeal to younger buyers,” Davies explains. “Our goal was to make this suite look as though the owners brought some items with them and then added others.”

The Morris is also an example of the flexibility of ME’s designs.

In the den, Davies had a Murphy bed installed, complete with wall storage. “Market research told us that with this suite design including a second full bathroom, purchasers could add a nice glass wall or simply have sleeping accommodations in the den to create a second bedroom.” The master bedroom is clean, modern and light, with stunning wallpaper, oval side tables and a lacquer dresser rather than heavy woods.

Quality suite finishes in all the suites include granite kitchen countertops, laminate, ceramic tiles

The Morris is an example of the flexibility of ME’s designs. In the den, Davies had a Murphy bed installed, complete with wall storage.

“The look is fresh, modern and comfortable, with pewter-coloured walls and the standard wideplank flooring framing the rooms. The choices we made for the kitchen are a real tribute to how great this room can look with standards.” and dense carpeted floors. Every suite offers a balcony, and some feature a terrace and a balcony.

Quality suite finishes include granite kitchen countertops, laminate, ceramic tiles and dense carpeted floors. Every suite offers a balcony, and some feature a terrace and a balcony. You can also tour the 842-sq.-ft. two-beroom-plusden Lily model for a true appreciation of the quality and panache you will find in these suites.

Beyond the incredible suite choices at ME Condominiums, there are many other reasons for this condominium’s popularity.

ME’s location steps to public transit and the fabulously renovated Scarborough Town Centre is a sensation. Within this vibrant area, the condo’s attractive exterior by Turner Fleisher Architects Inc. will stand out on the streetscape as something special, with a tree-lined courtyard and water feature.

Topping off the lifestyle picture at ME Condominiums are Tanner Hill & Associates-appointed interior amenities including the grand lobby

housing concierge service, an interactive sports lounge, fitness facility with yoga area, multi-purpose demonstration kitchen, private dining room, party room, Hollywood-style theatre, and chic guest suites. Plus, there’s more! On the podium rooftop, a spa-like area for socializing and entertaining offers an outdoor fireplace, pool, tanning areas, barbecues with private dining and lounge areas.

Over the past half century, Lash Group of Companies has built more than a dozen luxury highrise condominiums and residential developments as well as millions of square feet of industrial and commercial space in the GTA. Choices at ME include one-bedroom, one-bedroomplus-den, two-bedroom and two-bedroom-plus-den suites starting at just $149,990.

The presentation centre and two model suites are located at 1151 Markham Rd. (south east corner at Ellesmere).

To find out more about this successful community, visit meliving.ca or call 416.430.0003. Join them at noon on Feb. 22 for the grand opening! feb 15 - mar 1, 2014 new Condo Guide 105

Now you can view all New Condo Guide magazines online using any smartphone, tablet or desktop device.

VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE anytime, anywhere!

Published by

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L I M I T E D T I M E O N LY

UP TO $5,000 CASH BACK • FREE PARKING AND LOCKER STORAGE 5% DEPOSIT • GRANITE COUNTERTOPS + LAMINATE FLOORING Ontario Home Builders’ Association Award Winner

THE MOST OUTSTANDING MID-RISE BUILDING IN 2012 Designed to be a hallmark building featuring timeless elements of traditional architecture combined with modern sensibilities of design and function, this exclusive community will be located just steps from Lake Ontario’s waterfront in the vibrant community of Long Branch. With easy access to public transit and several major highways, Watermark promises to be the perfect place to call home.

N

Long Branch

Thirty Fifth St.

S TA R T I N G F R O M Lake Shore Blvd. W.

Kipling Ave.

Brown’s Line

1 Bedroom • 1 Bedroom + Den • 2 Bedroom • 2 Bedroom + Den – from 649 sq.ft. to 1,225 sq.ft.

$306,900

MOVE IN SPRING 2014

P R E S E N TAT I O N C E N T R E 3609 Lake Shore Blvd. W., Suite 104, Toronto, ON Monday to Thursday 1:00pm to 7:00pm Saturday, Sunday and Holidays 12:00pm to 5:00pm queenscorp.com

|

416.354.2221

Long Branch

Thirty Fifth St.

Kipling Ave.

Brown’s Line

N

Lake Shore Blvd. W.

All prices & specifications are subject to change without notice. E.&O.E. All Illustrations are artist’s concept only. Brokers Protected - some conditions apply.

107

Designer Profile

Q&A with

Johnson Chou be found in the public areas and the residential suites define and reinterpret the industrial roots of the project’s context.

Subtle, simple, yet effective components can be found in the details of the space. For example, kitchens have integrated wood recesses to facilitate access to tableware or for the display of decorative pieces. A stainless steel backsplash is folded horizontally to function as an additional shelf. Some units, such as the one demonstrated in the model suite, have bedrooms that open up completely, and can be integrated into the living areas or can function as a home office.

Q. Describe your (design) philosophy.

A. I am interested in creating architecture that engages on intellectual, JOHNSON CHOU BES, B ARCH, ARIDO, MRAIC, RCA

383 Sorauren’s boutique condominium, a stunning 10-storey

mid-rise building set in the heart of Toronto’s dynamic Roncesvalles community, features cutting-edge architecture as well as all the amenities you could want for an urban lifestyle. The modern suites and interiors have been designed by award-winning Johnson Chou, the founder and principal of Johnson Chou Inc. Here he talks about his innovative approach to Sorauren’s suites and how to efficiently utilize space in condo design.

Q. What was your approach to the interior design for 383 Sorauren?

A. The interiors for 383 Sorauren are

inspired by and designed to evoke the neighbourhood’s rich industrial heritage and its emergence as an art and design district. The idea was to seamlessly blend the textures and materials associated with its historical past against a backdrop of contemporary modern aesthetic and lifestyle.

The use of raw, unadorned materials such as oil-finished wood and hot-rolled stainless steel that can

108 new Condo Guide feb 15 - mar 1, 2014

emotional and physiological levels of experience – to create drama in architecture. Our firm’s work is characterized by conceptual explorations of narrative, transformation and multiplicity. The creation of a narrative forms the conceptual point for all our work and is essentially a story we create inspired by the client. Be it about the quirks of the client, the image they wish to project or even delved from a literary source, it is an interpretation of the client’s hopes, dreams and desires.

Q. What are some of the new design trends?

A. Sustainability continues to be a trend, along with the use of natural

materials, especially of the reclaimed variety. Also, the juxtaposition of natural materials against dematerialized, or invisible technology. We’re interested in multi-functionality, where interior elements are designed to be transformable can define and redefine the use of a space as necessary.

Q. How can a new purchaser make the most of their condo space?

A. By carefully editing and composing the furniture

and objects that occupy a space, one can enjoy the space in its essential form, allowing it to “breathe” with light and air. Purchasers should exercise restraint from filling rooms with oversized or excessive amounts of furniture and objects that invariably result in clutter and claustrophobia. With condos becoming more compact, being discriminative in what you put into smaller spaces will affect how you can use, perceive and appreciate them.

Q. How has Sorauren’s unique design and style helped lead to smart layouts and more sales?

A. Purchasers today are much more informed than ever

before, be it about the project’s location, the body of work of the interior designers and architects, or the project’s design features and amenities – all within the purview of a genuine concern for resale. Many purchasers have reached a fluency in reading plans, they can visualize spaces and are able to appreciate well-considered layouts. A more informed buyer will appreciate the design of 383 Sorauren, which accounts for the project’s success in sales.

Q. What is your favourite part of the job?

A. There are two: the challenge of creating an original

narrative for a client based on their hopes and dreams, and then observing them inhabiting and engaging with the completed space.

For more information, visit 383sorauren.com. feb 15 - mar 1, 2014 new Condo Guide 109

condo watch

previews & registrations SkyCity2

by Pemberton Group

Phase 1 is under construction at Yonge and Hwy. 7. Register now for Phase 2.

Web: SkyCityCondos.com

Legacy Park

by Liberty Development

905 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@wall2wallmedia.com

Register now for the grand finale at Thornhill City Centre â&#x20AC;&#x201C; iconic architecture, urban suite designs and fabulous park views.

Web: LegacyParkCondos.com

Daniels Erin Mills

by The Daniels Corp.

New landmark community coming soon to Erin Mills and Eglinton. Register to stay informed.

Web: DanielsErinMills.com

Centro Square

by Liberty Development

A master-planned community in the heart of Woodbridge, Phase 2 is now previewing.

Web: CentroSquare.ca

The Clairington

by Castleridge Homes

Active adult living in a park-side condominium in Brampton.

Web: TheClairington.com

Courtyards of Maple

by Marino/Intercity/TriAxis

European-inspired condos coming soon to Maple. Register now to stay informed.

Web: CourtyardsOfMaple.com

Park City Condominiums

By Tobyn Park Homes

Currently in pre-construction at Walkers Line and Upper Middle Road in Burlington.

Register now.

Web: ParkCityLiving.ca

Rain Condominiums

by Empire Communities

New suite release at Rain Condominiums in Oakville. Register now.

Web: RainCondos.com

new releases & grand openings Marquee Townhomes at Pinnacle Uptown

by Pinnacle International Limited collection of 100 townhomes now on sale at Hurontario and Eglinton.

Web: PinnacleUptown.com

HOT Condominiums

by Great Gulf

Phase 3, final release, offering boutiquestyle living in Erin Mills.

Web: HotCondominiums.com

The Mark

by Empire Communities

Now open at Markham Road and Bur Oak. Remarkable residences. Remarkable Markham.

Web: TheMarkCondos.ca

Fairground Lofts

by Wycliffe Homes

Model suite and showroom now open! Urban lofts are coming to Woodbridge Village.

Web: FairgroundLofts.ca

Allegra

by Nova Trimax

New release of Terrace Loft Suites, steps from the Village of Woodbridge. Construction now underway on Phase 1.

Web: AllegraCondos.com

Garden Court Condos

by Monarch

Over 90 per cent sold, in the heart of Cathedraltown, one of Markhamâ&#x20AC;&#x2122;s most sought-after neighbourhoods.

Web: MonarchGroup.net

The Towns at Parkside Village

by Amacon Developments

Offering the convenience of downtown living with the tranquility of a suburban context. Now open.

Web: LifeAtParkside.com

Upper Village Markham

by Greenpark

North Tower now selling at UV2 in Markham.

South Tower is sold and occupied.

Web: uv2.ca

110 new Condo Guide feb 15 - mar 1, 2014

GTA Edition February 15- March 1, 2014

Your complete source for condos, lofts and townhomes in the 905 region

IN THIS SECTION Maps and listings for new condo communities in the 905 region Builder news and the latest in condos in the 905

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GREAT GULF HOMES

Telephone

TH* C*

Price Range

Page

Finder

greatgulf.com • Insert

16K

Clairington

905-793-0002 •

from $200,000

115

16E

30 PINNACLE INTERNATIONAL

Pinnacle Grand Park 2

905-276-3981 •

from $350,000

60

20L

34 PINNACLE INTERNATIONAL

Pinnacle Uptown, Crystal 2

905-568-9000 •

from $255,000

61

19K

45 EMPIRE COMMUNITIES

Rain Condominiums

905-845-7246 •

from $200,000

6

17Q

2

GREAT GULF HOMES

Twenty Lombard

416-499-8883 •

from $492,000 16K

4

CONSERVATORY GROUP

Mirage

905-232-2400 •

from $270,000 20K

5

AMACON

PSV2

905-273-9333 • 18M

7

GREAT GULF HOMES

HOT

905-828-4257 •

from $274,000 16M

8

FERNBROOK HOMES

Absolute World

416-869-6057

from $188,000 21K

8

CITYZEN

Absolute World

416-869-6057 from $188,000 21K

10 AMACON

The Residences at Parkside Village

905-273-9333 •

from $250,000 21K

12 ALTERRA HOMES

Renaissance in Olde Brampton

416-710-1010 •

from $295,000 13D

14 PEMBERTON GROUP

Rosedale Village Golf & Country Club

905-799-5000

16 VANDYK COMMUNITIES

Windows on the Green

905-822-3333 from $300,000 17M

17 PEMBERTON GROUP

Downtown Erin Mills Condominiums

905-630-6300 •

from $320,000 6C

18 RETIREMENT LIFESTYLE COMMUNITIES

Palisades on the Glen

905-820-8210 •

from $290,000 17M

19 UNITED LANDS

Stonebrook II

905-822-8858 • 22N

21 CASINO BAY DEV. CORP./TODDGLEN

Panoramic Point at Brewery Bay

27 INZOLA GROUP

3 CASTLERIDGE HOMES

•

•

•

•

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

Corporate

from $346,000 12E

1-866-611-5525 •

from $264,000 7Q

Park Place

905-451-7001 •

from $310,000 14G

32 ARMOUR HEIGHTS DEVELOPMENTS

River’s Edge

905-533-2400 •

from $285,000 14A

35 ASHLEY OAKS GROUP

Emporium at Joshua Creek

905-618-0660

•

from $200,000 17P

38 TRIDEL CORPORATION

Metrogate - Ventus 2

416-293-5535

•

•

from $302,000 19J

38 TRIDEL CORPORATION

Ventus at Metrogate

416-293-5535

•

•

from $344,000 19J

46 MATTAMY HOMES

The Mount Pleasant Village

mattamyhomes.com •

from $200,000 20M

47 THE DANIELS CORPORATION

Daniels Erin Mills

905-306-6996 •

from $200,000 17M

*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

113

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

A

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

East

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Town of Markham

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

Leslie St

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114

Builder

16th Ave.

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#

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401

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21 22 23 24 25 26

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Price Range

Page

Finder

13 LIBERTY DEVELOPMENT CORP.

Legacy Park

905-731-8302 •

from $303,000

37

10G

32 LIBERTY DEVELOPMENT CORP.

Royal Gardens

905-889-9997 •

from $240,000

35

14F

43 GUIZZETTI DEVELOPMENTS

Grand Palace

905-907-4370 •

from $295,000

117

12E

44 LIBERTY DEVELOPMENT CORP.

Centro Square Condos 2

905-851-8877 • 36

4G

46 EMPIRE COMMUNITIES

The Mark

905-554-5015 •

21E

1

MONARCH CORPORATION

Garden Court

416-495-3595 • 16D

2

FLATO DEVELOPMENT

Arthouse

905-554-8722 from $200,000 22E

4

TRIDEL CORPORATION

Renaissance of Richmond Hill

416-736-9500 •

from $740,000 12G

7

MINTOURBAN COMMUNITIES INC.

WaterGarden

416-915-3800 •

from $254,000 11G

10 GREAT LANDS CORP.

The Beverly Hills Resort Residences

905-882-6636

from $250,000 13F

11 TRIAXIS DEVELOPMENT INC/MARINO DEVELOPMENTS

Courtyards of Maple

416-798-7070 •

from $390,000 8E

12 GREENPARK HOMES

UV2

905-554-6501 •

from $253,000 22F

13 LIBERTY DEVELOPMENT CORP.

Legacy Park

905-731-8302 •

from $280,000 10G

14 REMINGTON GROUP

The Signature Condominium

905-948-9900 •

from $250,000 18F

20 SOLMAR DEVELOPMENT CORP

Bellaria Residences

905-417-8482 •

from $240,000 7E

22 QUADRA MGT. & SCEPTRE DEVS.

Renaissance Court at Woodbridge Gates

905-851-4220 •

from $505,000 3G

22 WYCLIFFE HOMES

Fairground Lofts

905-605-5900 •

from $340,000 3G

24 LIBERTY DEVELOPMENT CORP.

The Fountains

905-731-8302 •

from $272,000 10F

26 RICE DEVELOPMENT

Ambria

905-796-3630 •

from $340,000 3F

28 CHESTNUT HILL HOMES

San Francisco by the Bay

905-831-3631

•

from $200,000 22C

31 PEMBERTON GROUP

Miracle at Yonge

905-709-5700 •

from $280,000 12F

31 PEMBERTON GROUP

Sky City

905-709-5700 •

from $320,000 12F

31 PEMBERTON GROUP

Sky City 2

905-709-5700 •

from $320,000 12F

32 SIGNATURE COMMUNITIES

TAO Boutique Condos

905-597-2535 •

from $200,000 14F

34 SIERRA HOMES

68 Main Street

905-305-0822 •

from $250,000 22F

40 NOVA TRIMAX

Allegra

905-850-6866 •

from $250,000 1F

41 QUADCAM DEVELOPMENT GROUP INC

Vista Parc Condominiums

905-850-8883 •

from $260,000 3F

45 KYLEMORE COMMUNITIES

The 6th Angus Glen

905-887-9950 • 19E

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

•

•

from $250,000

6

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

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

Register for Brand New Tower 2

LUXURIOUS PARKSIDE CONDOS ER D N U ION 1 E S RUCT ITS A H N P NST U 2 O C AL 1 FIN

2 R E TOWEILING N UNV SOO

Unveiling soon where Woodbridge meets Brampton Castleridge Homes does it again! Following the spectacular success of Tower 1, The Clairington Tower 2 is unveiling soon. With a full roster of green features, including Geothermal technology, this newest addition will offer savings on utilities as well as a reduced environmental footprint. This is the ultimate in luxury condo living overlooking Clairville Conservation Area. REGISTER NOW for INSIDER ACCESS!

• 9’ & 10’ ceilings • Gourmet kitchens • Prestigious lobby design • Luxury amenities & more!

FROM THE $200’S TO OVER $500,000 Prices and specifications are subject to change without notice. Rendering is artist concept. E. & O. E.

WOODBRIDGE

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Register for INSIDER ACCESS at

theclairington.com

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 115

In The News

Remington Group makes headlines “Signature” celebration The release of two new communities was cause for celebration on Jan. 29, 2014 at Downtown Markham. A gathering of special guests at the Chinese New Yearinspired event were introduced to the custom Urban Collection at The Signature Condominium along with the final block of townhomes at the Benchmark Manors.

For more information, visit remingtongroupinc.com.

The release of two new communities was cause for celebration on Jan. 29 at Downtown Markham

116 new Condo Guide feb 15 - mar 1, 2014

Award winners The National Sales and Marketing Council (NSMC) of the National Association of Home Builders (NAHB), honored The Remington Group and Downtown Markham with two 2014 Gold Awards in recognition for Best Social Media Campaign, and Best Presentation Centre at “The Nationals,” which were presented on Feb. 4, 2014 at the Wynn Las Vegas, NV during the International Builder’s Show.

RICHMOND HILL’S MOST ANTICIPATED LUXURY CONDOMINIUMS

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Exclusive listing: Royal LePage —Your Community Realty Brokerage Broker Protected E&EO. Prices and Specifications are subject to change without notice. Illustration is artist concept.

FEB 15 - MAR 1, 2014 NEW CONDO GUIDE 117

mortgage matters

mortgage essentials for the rookie homebuyer Buying a home is the biggest purchase most Canadians will ever make, and

with the high cost of real estate today, understanding the full financial commitment is critical. TD Canada Trust breaks down three key home financing decisions for first-time homebuyers to consider: down payments (20 per cent is the goal), mortgage options (it’s not just about the lowest interest rate possible) and accelerated payments (pay down more than you need to).

“Home ownership is a major goal for many Canadians, and in today’s market it is especially important that prospective buyers understand home financing options in order to manage their overall monthly costs, assess the flexibility they will need, and help plan for the future,” says Farhaneh Haque, director of mortgage advice at TD Canada Trust.

The following tips can help first-time homebuyers structure their mortgage so that it works best for them before signing on the dotted line:

1

Down Payment How much and how to finance?

There are many benefits to a larger down payment. For example, homebuyers with a down payment of greater than 20 per cent do not have to obtain mortgage default insurance, the premium for which is calculated as a percentage of the mortgage and is paid up front or by adding it to the principal portion of the mortgage. So, the larger the mortgage

118 new Condo Guide feb 15 - mar 1, 2014

balance, the higher the monthly mortgage payments. Eliminating or decreasing this premium can result in significant savings.

Haque suggests that first-time buyers can take advantage of the government’s Home Buyers’ Plan and use savings in their RRSP to bolster the down payment.

“While this can be a huge help up front, among other conditions it must be repaid within 15 years, so make sure to factor in the repayment schedule into the monthly budget,” says Haque.

2

Mortgage Options Fixed or variable interest rate, open or closed term, flexible payment features?

A low interest rate isn’t the only factor to consider when choosing a mortgage. A mortgage specialist can help you navigate options like flexible payment features, and discuss monthly payment amounts in the context of your overall cash flow and future home-buying plans.

“Buyers choose a home because it fits their lifestyle needs,” says Haque. “A mortgage should pass the same test, and that means weighing the current term options against an overall long-term plan to pay that mortgage down. Once you find the best option for you, look for opportunities to realistically accelerate repayments.”

Fixed vs. variable interest rate: With a fixed interest rate mortgage, the interest rate and monthly payments do not change throughout the term of the mortgage and it’s clear up

front how much will be paid off at the end of the term. With a variable interest rate mortgage, the interest rate may fluctuate during the term. If interest rates go down, more of the monthly payment is applied to the principal, helping to pay off a mortgage faster. If interest rates rise, more of the monthly payment is applied toward interest.

In addition, with a variable interest rate mortgage, you may be required to revise your payment arrangements at certain times.

“This choice usually comes down to whether homeowners are comfortable with the possibility of paying more money toward interest and less to principal some months as a trade-off for potential interest savings other months, or if they prefer the stability of a fixed interest rate mortgage,” says Haque.

It’s important that homebuyers budget for these expenses when deciding on the mortgage payment schedule they can afford Open vs. closed mortgage: With a closed mortgage, a homeowner agrees to a term anywhere from six months to 10 years. There are conditions that limit when a closed mortgage can be renegotiated or refinanced and there may be a prepayment charge for renegotiating early or paying off the mortgage prior to the end of the term. Often negotiated for a shorter term, an open mortgage can be paid off at any time without prepayment charges. While it offers greater flexibility in terms of repayment, the interest rate for an open mortgage may be higher than for a closed mortgage.

Flexible payment features: Some mortgages offer features that give

homeowners added flexibility to react to changes in their financial situation. For instance, flexible mortgage options may allow homeowners to make prepayments on their mortgage when they can and then reduce their monthly mortgage payment or take a payment vacation for a short period of time when they need to.

“Until it’s paid off, a mortgage will become a part of a homeowner’s life. Homebuyers need to ensure the terms of their mortgage match their plans, now and for the future,” says Haque.

3

Accelerated payments How can a mortgage get paid down faster?

Homebuyers can pay off their mortgage faster and save money on interest by choosing a shorter amortization period or setting up an accelerated weekly or biweekly payment schedule instead of a monthly payment schedule. Prepayments are another way for homebuyers to pay their mortgage faster without locking into a payment schedule that could make it a challenge to manage their monthly cash flow. Many lenders allow mortgage holders to make prepayments up to a percentage of the original mortgage amount each year.

“It’s wise for homeowners to strive to be mortgage-free quickly; however it’s important they don’t stretch themselves too thin with the amount of their payments,” says Haque.

“Beyond their mortgage, there are ongoing expenses that come with home ownership such as property taxes, utility bills and maintenance. It’s important that homebuyers budget for these expenses when deciding on the mortgage payment schedule they can afford. They need to be realistic and not put themselves in a position where they’re struggling to keep up with payments.” feb 15 - mar 1, 2014 new Condo Guide 119

I BUILD TRUST. “Of all of the things we build at Tridel our customer’s trust is valued the most. With BILD behind us, we can proactively network and learn about advances within our industry. BILD, through its numerous forums and presentations, inspires growth and has enriched me professionally allowing me access to greater networks and resources so I can better develop myself and my team.”

Danielle Feidler, Vice President Customer Care Tridel Corporation Builder / Developer Member Since 1962

I AM

Get Involved: bildgta.ca

homebuyersâ&#x20AC;&#x2122; help

condo buyersâ&#x20AC;&#x2122;

resource section

You love the condo, see what you can afford!

Compare mortgage rates for your best deal Calculate your mortgage payments using the mortgage payment calculation chart

feb 15 - mar 1, 2014 new Condo Guide 121

homebuyers’ help

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

example: 5%

25 years

5.82

125 (mortgage amount $125,000)

$

Follow these steps to see if you’ll qualify for a mortgage on your dream condo 01 Calculate the combined monthly before-tax income of you and your spouse.

02 Divide by three. This figure is the monthly payment you can afford to make on your condo.

03 Take the total price of the condo and subtract the amount of money you expect to make as a down payment.

This is the money you will have to borrow.

122 new Condo Guide feb 15 - mar 1, 2014

04 Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.)

05 Multiply this figure by the amount you need to borrow.

Divide by 1,000.

06 Add to this your estimated monthly heating costs and monthly property taxes.

07 If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream condo.

Bear in mind that this is a rough estimate.

If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.

Mortgage payment calculation chart

%

Amortization Periods

Interest Rates

10 years

15 years

20 years

25 years

30 Years

3.00%

9.65

6.90

5.54

4.73

4.21

3.25%

9.76

7.02

5.66

4.86

4.34

3.50%

9.88

7.14

5.79

4.99

4.48

3.75%

9.99

7.26

5.91

5.13

4.61

4.00%

10.11

7.38

6.04

5.26

4.76

4.25%

10.23

7.50

6.17

5.40

4.90

4.50%

10.34

7.63

6.30

5.53

5.04

4.75%

10.46

7.75

6.44

5.67

5.19

5.00%

10.58

7.88

6.57

5.82

5.34 5.49

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.64

5.75%

10.94

8.27

6.98

6.25

5.79

6.00%

11.07

8.40

7.12

6.40

5.95

6.25%

11.19

8.53

7.26

6.55

6.11

6.50%

11.31

8.66

7.41

6.70

6.26

6.75%

11.43

8.80

7.55

6.85

6.42

7.00%

11.56

8.93

7.69

7.00

6.59

7.25%

11.68

9.07

7.84

7.16

6.75

7.50%

11.81

9.21

7.99

7.32

6.91

7.75%

11.94

9.34

8.14

7.47

7.08

8.00%

12.06

9.48

8.28

7.63

7.25

8.25%

12.19

9.62

8.44

7.79

7.42

8.50%

12.32

9.76

8.59

7.95

7.59

8.75%

12.45

9.90

8.74

8.12

7.76

9.00%

12.58

10.05

8.86

8.28

7.93

9.25%

12.71

10.19

9.05

8.45

8.10

9.50%

12.84

10.33

9.20

8.62

8.28

9.75%

12.97

10.48

9.36

8.78

8.45

10.00%

13.10

10.63

9.52

8.95

8.63

10.25%

13.24

10.77

9.68

9.12

8.80

10.50%

13.37

10.92

9.84

9.29

8.98

10.75%

13.50

11.06

10.00

9.46

9.16

11.00%

13.64

11.22

10.16

9.63

9.34

11.25%

13.77

11.36

10.32

9.80

9.52

11.50%

13.91

11.52

10.49

9.97

9.70

11.75%

14.04

11.66

10.65

10.15

9.88

12.00%

14.18

11.82

10.81

10.32

10.06

12.25%

14.32

11.97

10.98

10.49

10.25

12.50%

14.46

12.13

11.15

10.67

10.43

12.75%

14.59

12.28

11.31

10.85

10.61

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 feb 15 - mar 1, 2014 new Condo Guide 123

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Compare mortgage rates for your best deal CHARTERED BANKS

Variable

6 Months

1 Year

2 years

3 years

4 years

5 years

ATB Financial 2.7

6.30op

2.94 6.30op

2.89 2.99 3.39 6.50op

3.69

Alterna Svgs/Alterna Bk 2.75

4 6.30op

3.09 3.14 3.19 3.35 6.30op

3.45

Bank of Montreal 3

4 6.30op

3.14 3.04 3.85 4.64 6.30op

3.69

Bank of Nova Scotia 2.6

4.55 6.45op

3.75 2.79 3.99 4.39 6.50op

3.49

Canadian Western Bank

4 6.45op

3.14 3.14 3.85 4.64 6.30op

5.24

CFF Bank

3.69

3.79

3.44

CIBC 3

6.70op

3.09 2.79 2.99 3.39 6.35op

3.69

HSBC Bank Canada 2.65

2.7 3.95 2.93 4.99 6.35op

3.49

3.05

3.15

3.65

3.64

3.69

3.89

3

3.19

3.24

3.49

3.69

3.99

ICICI Bank Canada ING Direct

4.45 6.20op

3.75

3.79

Manulife Bank 2.7 4.45

3 3.05 3.1 3.4 4.00op

3.59

National Bank n/a

3.14 3.14 3.75 4.64 6.70op

3.59

President’s Choice Financial

4.4 6.70op

3.69

4.09

Royal Bank 3

6.30op

3

3.14 3.04 3.75 3.39 6.30op

3.24

3.59

3.69

TD Canada Trust 3

3.09 6.30op

2.89

3.75

4.64

3.69

3.25

3.95

4.74

TRUST COMPANIES 6.5

3.14

Effort Trust n/a

Community Trust

n/a

4.45 6.30op

3.25 3.6 3.7 4.6 6.30op

4.95

Home Trust Company

2.5

2.89

3.95

2.89

3.39

3.29

Investors Group Trust n/a

4.2 6.50op

3.14 3.14 3.9 4.64 6.30op

5.24

MTCC 2.6

4.55 6.45op

3.75 6.50op

2.79

3.09

5.34

3.99

4.39

3.49

3.33

OTHER FINANCIAL INSTITUTIONS Airline Financial C.U. 4

3.01 3.1 6.25op

3.65

3.99

Comtech Credit Union 2.95

6.2 6.40op

2.99 3.25 3.29 3.24 6.30op

3.59

First National Fin. LP

3.95

2.99

3.39

3.39

FirstOntario C.U. 2.7

6.34op

3.09 3.14 3.29 3.34 6.34op

3.49

London Life n/a

3.14 3.14 3.95 4.74 6.30op

5.34

MCAP 2.6

3.6 3.95 4.35 4.89 7.00op

5.14

Meridian Credit Union 2.75 4

3.09 3.14 3.65 3.39 6.30op

3.49

Parama Credit Union

2.85

3.05

3.1

3.25

3.4

3.6

Steinbach Credit Union

2.5

2.7

3

3.1

3.25

3.45

4.2 6.50op

2.69

2.99

Notes **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice.

R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE Feb. 10, 2014. Prepared By Fiscal Agents Financial Information Services 905.844.7700

feb 15 - mar 1, 2014 new Condo Guide 125

index of advertisers 45 Charles Ltd. - Chaz Yorkville Condos

31

Lindvest - B Streets

Aspen Ridge Homes - Studio on Richmond

49

Lindvest - Grand Cornell Brownstones in Markham

97

Lindvest - The Brownstones at Westown

93

Luxury Condos - Promo

74

Malibu Investments Inc. - Model Suite of the Month

50

Malibu Investments Inc. - Smart House

51

Baywood Homes - TEN93 Queen West Bazis Inc. - E Condos Bazis Inc. - One Yorkville BILD - Promo

8-9 19 5 120

103

Brandy Lane Homes - The Station

55

Camrost - Felcorp - Imperial Plaza

3

Menkes Developments Inc. - 87 Peter

Insert

Camrost - Felcorp - The Cumberland

1

Menkes Developments Inc. - Corporate

Insert

Canpages - Promo Castleridge Homes - Clairington

83 115

Chinese Home & Condo Guide - Promo

40

City Core - Harmony Village Sheppard

67

Concord Adex - FWD Condominiums

Metropia - E Condos

19

MintoUrban Communities Inc. - 30 Roe

75

Model Suite Calendar - Promo Monarch Corporation - Corporate

Insert

Monarch Corporation - Riva del Lago

Insert

Monarch Corporation - The Epicurean

17 77

26-27

Cresford Development Corp. - 1000 Bay

IBC

Cresford Development Corp. - CASA 2

IBC

Cresford Development Corp. - CASA III

IBC

Neudorfer Corporation - Fuse Condos

Cresford Development Corp. - Lofts 399

IBC

Pemberton Group - TEN93 Queen West

Cresford Development Corp. - Merton Yonge Condominiums 127 & IBC Cresford Development Corp. - NXT

IBC

Digital Device - Promo

106

Dundee Kilmer Developments - Canary District Condominiums Eastonâ&#x20AC;&#x2122;s Group - Dundas Square Gardens Eden Shaw - Chaz Yorkville Condos

102

45 68-69 31

8-9

Pianosi Developments - Perspective Condos

99

Pinnacle International - 33 Bay Residences at Pinnacle Centre

60

Pinnacle International - Pinnacle Grand Park 2

60

Pinnacle International - Pinnacle Uptown, Crystal 2

61

Pinnacle International - The Marquee Townhomes on thePark

61

Pinnacle International - The Pinnacle on Adelaide

61 62

Empire Communities - Rain Condominiums

6

Empire Communities - The HUB

6

Plaza Premium Lounge - Promo

Empire Communities - The Mark

6

Queenscorp Residences - Watermark

7

Rio Can - E Condos

19

Rockport Group - The Nest

63

Streetcar Development - The Taylor

79

The Daniels Corporation - Cinema Tower Condominiums

15

The Daniels Corporation - High Park Condominiums

39

The Daniels Corporation - NY2

41

The Daniels Corporation - One Park Place South Tower

23 47

Empire Communities - Water Tower at Eau Du Soleil Family of magazines - Promo

124

Fernbrook Homes/Cityzen Dev. - Garrison Point

59

Fieldgate Homes - 90 Niagara

53

Great Gulf Homes - Corporate

Insert

Great Gulf Homes - Monde

Insert

Great Gulf Homes - One Bloor Residences

Insert

Guizzetti Developments - Grand Palace

117

107

International Home & Garden Show - Mar. 6-9

66

Tribute Communities - The College

Lamb Development Corp. - The Harlowe

73

Tridel Corporation - 101 Erskine

Lanterra Developments - The Britt

11

Liberty Development Corp. - Centro Square Condos 2

36

Liberty Development Corp. - Legacy Park

37

Liberty Development Corp. - Royal Gardens

35

Liberty Development Corp. - Terrace on Danforth

35

Liberty Development Corp. - World on Yonge

35

Worsley Urban Partners - Totem Condominium

65

Lifetime Developments - The Bond Condominiums

25

Your First Home & Condo - Promo

98

126 new Condo Guide feb 15 - mar 1, 2014

IFC & BC

Tridel Corporation - Corporate

IFC

Tridel Corporation - Spadina Queen

IFC

Tridel Corporation - Trio at Atria

IFC

Tridel Corporation - West Village

IFC

view

M ERTO N YO NGE TOWNHOM E S

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liVe here now!

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Call for your private appointment today. presentation Centre loCated at 170 merton street.

Penthouses from the $800’s - New Release Townhomes from the mid $500’s Tower Suites from the mid $300’s 416.484.1900 myccondo.com

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127

In The News

// By Lydia McNutt

Point. Click. Experience.

Cresford launches new smartphone app with interactive information on demand Cresford is riding the digital wave, and has recently launched a new smartphone application, aptly called “Cresford,” that gives users a sneak peek into the company and their new developments, with big plans moving forward.

With over 30 years under its belt as a leading home developer in the GTA, Cresford is as much about building lifestyles as it is about building homes. But to this developer, trend-spotting is not just creating cutting-edge architecture and the latest in features, finishes and fashion – though their Missoni Homefurnished Casa II and the Hermès-dressed Casa III are to die for. The company is also breaking new ground in the way they market their real estate.

“The new generation of homebuyers wants quick and easy access to information,” says Cresford’s Maria Athanasoulis. Maria knows this better than anyone. As the company’s president of sales and marketing for the past 10 years, she’s seen the slow but sure digital evolution of the home-building industry, and she’s jumped right in. The Cresford app is literally putting the most up-to-date, need-to-know information at the purchaser’s fingertips, wherever they are, 24 hours a day.

Point. Click. Experience.

The Cresford app is meant as an enhancement to complement the company’s print marketing materials – magazine advertising, signs, billboards, and the sales centre packages new-condo shoppers take home with them to ponder their purchase. Combine print marketing with the elements of interactivity and information on demand, and you’re getting a pretty good picture of the future of real estate advertising.

How it works 1 Download the free Cresford app at your smartphone app store.

2 Point your smartphone at the Cresford logo and let it lock in to the app.

3 Click to watch the video, register for projects, and link to the website.

And coming soon, users will also be able to view 3D project renderings.

128 new Condo Guide feb 15 - mar 1, 2014

The whole idea is to heighten the user experience and put Cresford’s own creative spin on simple advertising. The video is an artful example of the company’s attention to detail, commitment to modern technology, and confidence in their creativity and home-building philosophy.

The Cresford app is literally putting the most up-to-date, need-to-know information at the purchaser’s fingertips, wherever they are, 24 hours a day An app has been in Maria’s sights for the last few years, but as with any new venture – in this case, not only new for Cresford but within the industry – the process has had its snags and successes, Maria admits. “We’re always trying to evolve and be the next big thing.

No one’s done anything really different in the last few years when it comes to sales and marketing, and with the way of digital and social media, this was the logical way to go.”

A labour of love, the app was launched earlier this year and has been very well received. As Cresford continues building homes, they plan on building on the app as well with new project details, and delivering them to the user as they become available.

For more information, visit cresford.com.

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ERV

DINING

PRESENTATION CENTRE

2611 YONGE STREET AT SHELDRAKE BLVD.

W

F

L D CP

North of Eglinton MC

DEN

9'-10"

8'-0"

1F+D - 667 sq.ft.* $411,000*

CONTACT US

PHONE 416.480.0700 WEB TRIDEL.COM 101erskine@tridel.com

pproximate and subject to normal construction variances. Dimensions may exceed the useable floor area. Sizes and specifications subject to change without notice. Furniture is displayed for illustration purposes only and does not necessarily reflect the electrical plan for the suite. Suites are s

Discover the 1F+D Suite at 101 Erskine Maximize your living space with an open-concept 1 bedroom plus den layout. Enjoy modern styling with spacious living and dining. Additional suites to choose from include impeccably finished 1 bedroom, 2 bedroom and 2 bedroom plus dens designs.

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101 Erskine is mere minutes away from the energy of Yonge and Eglinton, and is conveniently close to prestigious shopping, dining and entertainment.

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A Tridel Built Green. Built for Life.® community. *Prices and specifications are subject to change without notice. All dimensions are approximate and subject to normal construction variances. Dimensions may exceed the useable floor area. Sizes and specifications subject to change without notice. Furniture is displayed for illustration purposes only and does not necessarily reflect the electrical plan for the suite.

Suites are sold unfurnished. Tridel®, Tridel Built for Life®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2014. All rights reserved.

E.&O.E. February 2014.

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CRESFORD. LOCATION. DESIGN. DETAIL. INSPIRATION. FASHION. STYLE. TRUST. FroM CoveTed LoCATionS To FAShion-ForWArd deSign

Coming Soon Yorkville From the mid $200’s 416.486.CASA (2272)

Under Construction Yorkville From the high $200’s Penthouses Coming Soon 416.486.CASA (2272)

1THOUSAND BAY CONDOMINIUMS ON THE PARK

Under Construction Bay & Bloor From the high $300’s 416.485.3000

Move in Now Yonge & Merton Urban Townhomes From the mid $500’s Tower Suites From the mid $300’s 416.484.1900

To SophiSTiCATed AMeniTieS, CreSFord deveLopMenTS deFineS The eSSenCe oF LUxUrY CondoMiniUM Living.

The FirST reSidenTiAL deveLoper in CAnAdA To dreSS Up Their CondoMiniUMS WiTh inTernATionAL FAShion LABeLS, CreSFord iS KnoWn For SUperB qUALiTY And ATTenTion To deTAiL. A TrUSTed nAMe in The MArKeT For over 30 YeArS, A CreSFord Condo inSpireS ConFidenCe And SeCUriTY.

VISIT OUR PRESENTATION CENTRE AT 170 MERTON ST.

Move in Now Windermere by the Lake From the mid $300’s 416.977.5300

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BroKerS proTeCTed. priCeS And SpeCiFiCATionS Are SUBjeCT To ChAnge WiThoUT noTiCe. iLLUSTrATionS Are ArTiST ConCepT. e.&o.e.

Move in Now King West From the high $500’s 416.867.3999

ONE OF TORONTO’S MOST DRAMATIC NEW CONDOS.

ETOBICOKE’S NEW VILLAGE MOVE IN NOW.

Discover a modern, geometric design that steps away from the typical condo aesthetic in the epicentre of downtown Toronto. SQ is where people in the know want to live. Inventive, imaginative and inspiring.

West Village is getting ready to welcome you.

A vibrant urban community close to great shopping, dining and entertainment, plus nature trails. From West Village you can get anywhere with ease: near major highways, TTC and the airport.

GRAND OPENING

MOVE IN NOW

Suites from the Mid $300’s*

Suites from $290,000*

PRESENTATION CENTRE: 519 Queen Street West, Toronto

PRESENTATION CENTRE: 6 Eva Road, Etobicoke (north of Bloor Street W., off The West Mall)

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AN URBAN OASIS AT YONGE & EGLINTON.

THE NEXT GREAT PHASE OF THE ATRIA COMMUNITY.

Maximize your living space with a smartly designed suite. Open-concept living and dining rooms with modern styling flow into designer kitchens featuring built-in appliances. 101 Erskine is conveniently located mere steps from prestigious shopping, dining and entertainment.

Located within the master planned Atria community, TRIO is the most desirable new place to live in North York. Close to Fairview Mall and the proposed Sheppard Avenue East LRT**.

An exquisite residence adjoining a lush park.

GRAND OPENING

GRAND OPENING

Suites from $286,000*

Suites from $258,000*

Signature and Penthouse Collection Suites also available from $854,000* Nine Signature Townhomes available from $895,000* PRESENTATION CENTRE: 2611 Yonge Street at Sheldrake Blvd., Toronto

PRESENTATION CENTRE: 2255 Sheppard Ave. E., Unit 120, North York

A Tridel Built Green. Built for Life.® community. *Price and specifications are subject to change without notice. Illustrations are artist’s concept only. **Source: The City of Toronto Official Plan and the Agincourt Secondary Plan, a future bus and subway terminal or other transit related uses are proposed for this location. Building and view not to scale. Tridel ®, Tridel Built for Life ®, Tridel Built Green.

Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2014. All rights reserved. E.&O.E. February 2014.