GTA New Condo Guide, Feb 14, 2015

Feb 14 - 28, 2015 Volume 19 Issue 4

EXPERIENCE LIFE AT THE TOP SIGNATURE PENTHOUSES.

INSIDE THIS ISSUE

LUXURY OPTIONAL: WHEN YOU SHOULD SPRING FOR UPGRADES

WHAT THE INTEREST RATE CUT MEANS FOR YOU

DESIGNER ADVICE: THINK PINK!

Built to make a statement. live well by design. At Avani 2, a sleek urban vibe resonates throughout every suite design, creating spaces that can express your passions and personality.

Built for life. Built for you.

DIAMONDS ARE FOREVER JUST LIKE OUR VIEWS COMING SOON, BRILLIANT LIVING AT AVENUE & ST. CLAIR FROM THE $300’S

Blue Diamond at Imperial Plaza, a new elegant tower in the dazzling Forest Hill neighbourhood, brings new intensity to condominium luxury. Sublime amenities, superlative finishes and Toronto’s most radiant views. Experience the brilliance.

REGISTER NOW BLUEDIAMONDCONDOS.CA/CG

FO L LOW U S : @CAMROST

C A M R O S T F E LCO R P

PRICES AND SPECIFICATIONS SUBJECT TO CHANGE. IMAGES ARE ARTIST’S CONCEPT. E.&O.E. BROKERS PROTECTED

EDITOR’S NOTE

UNDERSTAND THE “AGREEMENT”

SUSAN LEGGE Editor-in-chief

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

Buying a brand-new home or condo offers an opportunity to get exactly what you really want. 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 or condo purchase since it outlines everything your new home will have in it and around it. Otherwise known as the Agreement of Purchase and Sale, the contract spells out the terms between you and your developer and/or 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 home 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 new-home contracts can vary from one builder 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’s in it. 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, so seeking the services of an experienced lawyer is an important step toward ensuring that your dream home becomes a reality.

READY, SET, SHOP!

LYDIA MCNUTT Editor

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

2 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

A home is probably the biggest purchase you’ll make in your lifetime, and it’s also arguably the one that will bring you the most joy. In the long run, real estate is generally a sound investment that yields security and a good return, should you ever decide to sell. But if you’re looking for immediate gratification, nothing beats the feeling of stepping through the door and knowing you’ve arrived “home.”

There are about as many different types of condos out there as there are buyers. Whether you’re leaning toward a small-but-sweet studio in the city, with every imaginable amenity steps from your front door, or you have your eye on a spacious suite in the suburbs, rest assured that the perfect home is out there, waiting to be discovered. However, with so many choices, where do you start?

Keep an open mind, but don’t compromise on your must-haves. Be clear on the lifestyle you expect to lead. This includes satisfying your professional self, the social butterfly and of course, your inner accountant.

Here’s where it helps to make a list – and clearly identify your needs and wants, to be clear on what you’re willing to compromise on when push comes to shove. Is that second bedroom truly essential, or would you make better use of one bedroom with a large ensuite and walk-in closet? You decide. You may be surprised at your own choice in the end.

Buying a home is a major milestone, so at the end of it all, don’t forget to have fun and enjoy the ride. Happy condo hunting!

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 3

NEW CONDO GUIDE

CONTRIBUTORS PRESIDENT, WALL2WALL MEDIA

Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge DIRECTOR OF SALES, NATIONAL

Josh Heppner ASSOCIATE PUBLISHER SWO NEW HOMES

Susan Maxwell ART DIRECTOR

Daiana Garay EDITOR

Lydia McNutt 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, principal designer of the award-winning Toronto Interior Design Group (tidg.ca), and regular guest expert on City’s Cityline. Check out Yanic’s accessory line, Yanic Simard Selected, online at ysselected.com

CONTRIBUTING EDITORS

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

CONDO PRO

STAT CHAT

Barbara Lawlor

Ben Myers

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

Ben Myers is senior vice-president of Market Research and Analytics at Fortress Real Developments.

Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments. com/news or follow him on twitter at @BenMyers29

INVESTOR ADVICE

Bala Gnanapandithan

Andrew la Fleur

PRODUCTION CO-ORDINATOR

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

GRAPHIC DESIGNERS

Sandra Hanak-Vujnovic Viosa Barileva, Miguel Cea, Hannah Yarkony Sandra Hanak-Vujnovic, Mike Terentiev

Published By

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 newhomeandcondoguide.ca Call 416.626.4200 for advertising rates and information.

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

COPYRIGHT 2015 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.

ADVERTISING

STYLE FILE

HOME SWEET HOME

MORTGAGE ADVICE

Jane Lockhart

Lydia McNutt

Alyssa Richard

Jane Lockhart is founder and principal designer of Jane Lockhart Interior Design in Toronto.

She can be reached at 416.762.2493. janelockhart.com

Lydia McNutt is an awardwinning writer and editor.

Lydia’s love of architecture, interior design and the written word have landed her happily at home at New Condo Guide.

Follow Lydia on Twitter @LydiasTweets or email Lydia.McNutt@wall2wallmedia.com.

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

4 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

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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8 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

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BILD REPORT

Understanding your home’s structure

By Bryan Tuckey

Y

ou sleep there, you eat there and you entertain there. It’s your home and you want it to be safe and comfortable. One of the most important aspects contributing to the comfort of your home is the building envelope and just like a car, the building envelope requires regular maintenance to keep it in tip top shape.

You may be wondering, what is the building envelope?

It’s a technical term for three barriers – weather, air and thermal – that stand between what’s inside your home and what’s outside. When all three work properly, your home is more energy efficient, safe and comfortable.

In any building, the top three most important parts of the building envelope are the foundation, the exterior walls (including doors and windows) and the roof. There are key systems that work within that envelope – think heating, cooling, plumbing, electrical – and they perform best when maintained.

So how can you tell if there’s a problem? The most common symptoms of a problem with the building envelope are water stains on the interior walls or ceilings, windows that are wet on the inside, mould and increased air flow due to missing sealants such as caulking.

The most important thing to do is don’t ignore it.

If you live in a multi-family dwelling, like a condominium building, you can take comfort in the fact that our industry follows strict building codes, provincial standards and municipal policies, plans and guidelines when building homes, as well as employment centres. Ask your condominium board about the inspection program in place and a schedule for building envelope maintenance. Some upkeep can be done in the individual suites, but most are likely building-wide and big jobs.

Ask your condominium board about the inspection program in place and a schedule for building envelope maintenance You can do some research and learn if the problem is too big to solve yourself. If it is, we have a database of professional renovators and trade contractors on the RenoMark website, renomark.ca. RenoMark renovators and trade contractors can provide some expertise. They are BILD members and abide by a Code of Conduct, which includes providing a detailed, written contract, carrying a minimum of $2 million in liability insurance and offering a two-year warranty on all work.

10 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

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

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Exclusive Listing Broker Milborne Real Estate Inc. Brokers Protected. Marketing Management by Anne Lambrou Living Visions Inc. Prices and specifications subject to change without notice.

Illustrations are artist’s concept. E.&O.E.

WELLESLEY ST.

BAY ST.

Presentation Centre: 11 Wellesley St W. between Bay St & Yonge St. Entrance on Breadalbane Street Mon – Thurs: 12pm – 6pm, Sat & Sun: 12pm – 5pm, Friday & Holidays: Closed Site Located at 501 Yonge St

SITE

CARLTON ST.

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 11

CONTENTS

FEB 14 – 28, 2015

VOLUME 19

ISSUE 04

COVER STORY

Signature Penthouses 20 Cresford High style, high design, high life

COLUMNS / NEWS / HOMEBUYERS’ HELP 2

Editor’s Note

4

Contributors

10 BILD Report Understanding your home’s structure

by Bryan Tuckey

16 Condo Pro More women choosing the condo lifestyle

by Barbara Lawlor

18 In The News Ontario housing starts to rise in 2015, dip in 2016 22 Mortgage Advice What the rate drop means for homebuyers and owners

by Alyssa Richard

24 Finances The cost of love in Canada: $50,339.21

by Lydia McNutt 12 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

26 Home Sweet Home Welcome to the world’s “most livable city”

by Lydia McNutt

28 Homebuyers’ Help Luxury optional: When you should spring for upgrades

by Marnie Bennett

32 Hot Dates GTA events to check out in and around the GTA 33 Get this look Forward flash-back

by Sara Duck

34 Stat Chat Don’t be afraid of the “big, bad” Toronto condo

by Ben Myers

46 Money Matters Owning versus renting

by Gail Vaz-Oxlade

48 Investor Advice Why pre-construction condos are a great buy

by Andrew la Fleur

50 Style File An organized effort

by Jane Lockhart

54 CMHC Report January sees bounce-back in condo starts 56 Taxing Issues Taxes paid, money owed

by Henry Choo Chong

58 Homebuyers’ Help Condo opportunities in the GTA: Bigger units, more bedrooms, expanding options

by Wayne Karl

72 Your Home Investors, take the road most travelled

by Yan Gurevich

86 In The News Toronto to lead Canada in home price growth this year

76 Legally Speaking Financing, and what happens if it falls through

by Jayson Schwarz

by Wayne Karl

78 Designer Advice Fall in love with pink

106 Finances Canadians in their Golden Years are striving for ‘Freetirement’

92 Make Your Move With a move, it’s all in the timing

by Yanic Simard

by Chuck Resnick

82 Condo Watch 416 Previews, new releases and grand openings in the 416

104 Condo Watch 905 Previews, new releases and grand openings in the 905

113 Condo Buyers’ Resource Section

94 Marketplace Seeing stripes

118 Advertiser Index

by Sara Duck

CONDO PROFILES

40

URBAN CAPITAL River City Introducing the insta-commute

44

STREETCAR The Southwood A modern architectural gem in The Upper Beach

84

PIANOSI DEVELOPMENTS Perspective Condominiums Preparing to welcome first residents in 2015

66

CONCERT PROPERTIES The Kip Master-planned community to transform the heart of Etobicoke

88

MINTO COMMUNITIES Minto Westside Contrasting elements combine into a thoroughly modern whole

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 13

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Please speak to Sales Representative for full details. Prices shown are for lowest floor available. Exclusive Listing Broker Milborne Real Estate Inc. Brokers Protected. Marketing Management by Anne Lambrou Living Visions Inc. Prices and specifications subject to change without notice.

Promotions may be changed and/or cancelled at any time without notice.

Illustrations are artist’s concept. E.&O.E.

VISIT ONE & YOUR SEARCH IS DONE

beautifully designed living rooms

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Suites from the mid $200,000s Towns from the mid $500,000s spacious bedrooms

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*The First Home Boost Program is not available on the townhomes and is only available on a limited number of suites.**Conditions apply. Parking, locker and maintenance incentive are only available on a select number of home types. 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.

CONDO PRO

More women choosing the condo lifestyle

By Barbara Lawlor

T

he condominium landscape across the GTA gets more beautiful and exciting every day. And condos continue to be the popular choice for new homebuyers from all walks of life, including more and more single women.

This started a few years ago, when the condominium lifestyle began receiving attention from more than just the empty-nester segment of the market. The feeling of community, nurtured by gorgeous amenity areas, combined with the privacy of having one’s own suite, offers the best of both worlds. Residents can mix and mingle with neighbours and also enjoy the solitude of their personal surroundings – all under one roof.

Add to that the enhanced security that comes with condo living, and it is even more attractive for women. With the concierge providing screening of visitors and “eyes on the street,” suite owners have a feeling of security when entering their buildings. Today’s condo dwellers also enjoy peace of mind from features such as monitored cameras in the underground parking garage, enter phone or in-suite security systems.

In a condominium, there are plenty of neighbours close by should residents need help with anything. Trading favours like watering plants or caring for pets while someone is away is a common occurrence, and seeing the same people day after day in the hallways and elevators and getting to know them over time is comforting.

Another wonderful thing about buying a new condo is the “new” part.

There is nothing like the smell of a new suite that is completely clean and waiting for your personal imprint. What a joy it is to be able to select your own colours and materials for flooring, countertops and the like. And starting out with brand new appliances is a real luxury.

Even when couples are involved in a condominium purchase, it is usually the woman who makes the primary decisions when it comes to selecting features and finishes, and even sometimes which building they choose.

The standards and upgrades offered are important, because of the value they provide, and the opportunity to create surroundings that reflect the buyers’ personalities.

In addition to paying particular attention to the details, women tend to see the overall picture. Take the lobby, for example. This area is like the living room for the entire building, and I think that women, in particular, prefer it to have an upscale, sophisticated feel that reflects the sensibility of the condo’s architecture.

Day-to-day lifestyle is critically important in the list of reasons why women opt for condos as their first choice. A fantastic sense of freedom comes from the ability to lock and leave, without worrying about lawn maintenance, snow removal, heavy repairs and the like. Plus, today’s condominiums have positively gorgeous amenities that nurture a sense of belonging and make these buildings feel like “home” in the true sense of the word.

16 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

And let’s not forget price as a motivating factor in condominium selection. Across the GTA, condo suites are less expensive than lowrise homes, which accounts for their popularity with first-time buyers – females and males alike.

Buying instead of renting is a wonderful investment in your financial and lifestyle future, and you can enjoy the fruits of this investment every day.

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

Go on vacation every time you come home That’s what owning Monarch on the waterfront is like.

Monarch offers three landmark condominiums on the sought-after Humber Bay Shores waterfront. Impressive lobbies. Water views. Concierge services. Luxury amenities.

Lounges and rooftop terraces. Nearby bars and restaurants. For resort lifestyle, Monarch has the waterfront covered. Choose Monarch first.

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Under Construction | Prices from the $200,000’s*

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SALES CENTRE HOURS: Mon.-Thurs. 12pm-6pm.

Weekends & Holidays: 12pm-5pm.Closed Fridays

first. *Prices, specifications and promotions are subject to change without notice. Rendering is artists’ concept and image is for mood and impression only. E.&O.E.

Monarch ShortGate 01-17-15.indd 1

15-01-09 11:36 AM

first date.

Remember when it all started? First love. First memories. First accomplishments. And your first home. For almost a century Monarch has been central to so many important moments in people’s lives. So if you’re looking for a condominium, trust the oldest, strongest, most respected name in Canadian home building.

Choose Monarch. First.

Our Sky Suites lift luxury to a new level Queen West voted by Vogue as the 2nd coolest neighbourhood!

White volumes seemingly hover in mid air. Trees climb up the face of the building, like a forest reaching up the slopes of a mountain.

And the amenities redefine luxe living. Picasso on Richmond is one of Toronto’s most striking architectural statements. It’s under construction now, rising over the heart of Queen West with views of Queen and Peter and the Entertainment District. Picasso on Richmond is very much a part of the celebrated Queen West experience, and is in the heart of the Toronto international Film Festival every year. You can even own a three bedroom suite from the $600’s! A location like no other, right at John and Richmond and just a 5 minute walk to the subway. Where else in downtown can you find space at this level and this price range? Only Picasso on Richmond. And only for now.

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Rendering is artists concept and image is for mood and impression only. E.&O.E. 14497

Monarch ShortGate 01-17-15.indd 2

discover more

15-01-09 11:36 AM

LOOKING FOR A NEW HOME?

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IN THE NEWS

Ontario housing starts to rise in 2015, dip in 2016

O

ntario’s housing market will continue its steady rise in 2015 before taking a dip in 2016, according to the First Quarter 2015 CMHC Housing Market Outlook released today by Canada Mortgage and Housing Corp. (CMHC).

Ontario annual home starts will grow to 63,200 in 2015 before easing to 60,500 units in 2016. Ontario home starts will range between 54,800 and 68,100 units this year.

“An improving economy will be more supportive of the Ontario housing market in 2015 than it has been in the recent past. However, as home prices continue to grow, particularly for single-family homes, demand will increasingly shift to more affordable housing by 2016,” says Ted Tsiakopoulos, CMHC’s Ontario regional

18 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

economist. “Neighbouring resale markets surrounding the GTA, higher density dwellings and rental over ownership tenure will benefit most from the shift in buying patterns,” Tsiakopoulos adds.

Ontario existing home sales will gradually lead the market higher with Multiple Listing Service (MLS) sales growing to 209,700 units in 2015 before slowing to 202,700 units in 2016. MLS sales will range between 188,800 to 220,500 units in 2015.

Ontario home prices will grow at a slower rate over the forecast horizon.

The provincial outlook echoes the national outlook, which “calls for gradual moderation in the pace of new home construction over the next couple of years as employment, disposable income and high net migration continue to support the market,” says Bob Dugan, chief economist for CMHC. “However, downside risks have increased since the previous forecast due mainly to recent declines in oil prices. Lower oil prices will negatively affect oil-producing economies like Alberta, Saskatchewan, and Newfoundland and Labrador, which will only be partly offset by the positive effects of lower exchange rates and interest rates across all provinces. We have widened the forecast ranges for housing starts, Multiple Listing Service (MLS) sales and average MLS prices to reflect these risks.”

There's good, and there's Great Gulf.

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Exclusive listing, Baker Real Estate Incorporated, Brokerage. Brokers protected. All illustrations are artists’ concept. Prices, sizes and specifications subject to change without notice. E.&O.E.

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 19

COVER STORY

Cresford Signature Penthouses HIGH STYLE, HIGH DESIGN, HIGH LIFE

Can there ever be too much of a good thing?

It takes attention to detail to create perfection.

Cresford knows luxury. They are continuously pushing the envelope in sophisticated, designer living, finding inspiration from classic style and global trends in design and high fashion. This sense of style awaits those who wish to call a Cresford Signature Penthouse “home.”

A true place in the sky, a Cresford penthouse combines timeless elegance with extraordinary attention to detail. It is the epitome of luxury living.

It’s this passion to build high-end luxury lifestyles that Cresford is bringing to its penthouses at its three designer condominiums – CASA II, CASA III and MYC. Each of these residences is distinguished by its association with a world-class fashion brand: CASA II with furnishings by MissoniHome, CASA III with lobby and amenities furnished with Hermès, and MYC decorated with the artistry and ingenuity of Italian designer furniture brand LEMA.

Contemporary wisdom says, it’s the views that make a penthouse. In the case of CASA II and CASA III, the unobstructed views from the gorgeous wrap-around balconies are second to none in the city. MYC overlooks the spectacular greenspace of Mount Pleasant and the Rosedale ravines, where a simple ritual like coffee on the balcony turns into a sublime experience. Even

by Cresford’s high standards, these are no ordinary penthouses. The level of design and attention to detail make them the most chic penthouses in Toronto.

If the views are out of this world, the interiors are no less impeccable. Here, Cresford has spared no expense in creating a truly opulent environment, with high-end standard finishes and exquisite attention to the smallest details that, when combined with standard Cresford features like floor-to-ceiling windows, flood interiors with light and space.

Actual south view at CASA II

At Cresford, design and style transcend borders, bringing fresh ideas and new ways to live, play, work, connect and create. With its unique Signature Penthouses, Cresford has once again reinforced its cachet as a condominium builder that rises above the ordinary.

20

Actual Photo of MYC

CASA II

The interior finishes offer a modern, timeless, high level of design and detail, from higher ceilings to sleek Scavolini European kitchens with top-ofthe-line Wolf, Miele and Sub-Zero appliances and Kohler fixtures, to the most elegant offerings of marble, quartz and rich wood finishes. Spacious interior layouts allow for entertaining, while offering the privacy you desire with dissociated bedrooms and a separate powder room for guests. The master bedroom and spa-inspired ensuite are strategically located to maximize the incredible views. Wake up to spectacular panoramas of the city. Every bedroom comes with a spacious walk-in closet.

Simply the best the city has to offer.

It’s always been Cresford’s philosophy to develop only the most sought-after, prime downtown locations. Nowhere is this strategy more apparent than in the location of its Signature Penthouses. CASA II and CASA III are in the heart of fashionable Yorkville, steps to the subway, designer shopping, museums, restaurants, arts and culture. MYC also scores high on its great location in Davisville Village, a neighbourhood filled with charm and ambience. Its close proximity to the Yonge Street subway line, schools, parks, shopping, cafés and restaurants, all add up to a great place to live. The scenic Kay Gardiner Beltline is a beautiful nature trail that encourages you to get out and live an active, city lifestyle.

At Cresford, design and style transcend borders, bringing fresh ideas and new ways to live, play, work, connect and create. With its unique Signature

CASA III

Penthouses, Cresford has once again reinforced its cachet as a condominium builder that rises above the ordinary.

MYC: LIVE HERE NOW! Penthouses starting from $869,900.

Call 416.484.1900 CASA II: UNDER CONSTRUCTION. Move in Spring 2016. Penthouses starting from $1,449,900.

Call 416.486.CASA(2272) CASA III: UNDER CONSTRUCTION. Penthouses starting from $799,900.

Call 416.486.CASA(2272)

Visit the Cresford Presentation Gallery at 170 Merton St. Visit Cresford.com JANUARY 17 - 31, 2015 NEW CONDO GUIDE 21

MORTGAGE ADVICE

What the rate drop means for homebuyers and owners

By Alyssa Richard

O

n Jan. 21, Governor Stephen Poloz announced that the Bank of Canada (BoC) was dropping its overnight rate by 0.25 per cent, from one per cent to 0.75 per cent. It was the first time the rate had been changed in nearly 4.5 years.

First, if you read the news or happen to follow even a few personal finance experts on Twitter, you probably got the sense that it came as a surprise – and it did. Until a few months ago, everyone expected Canada’s economy to finally pick up in 2015, and for interest rates to go up along with it.

Unfortunately, as you’ve probably noticed by the cheap gas prices you see around your city now, falling oil prices have already hurt our economy.

Profits are down, people are losing jobs… and the BoC’s decision to cut its rate was meant to do one thing: encourage banks to drop their Prime rates, so Canadians who were feeling the negative impacts of what’s been happening in the oil industry could keep up with their existing debt commitments.

Conversely, at first, the banks chose to ignore the BoC’s rate cut and refused to lower their Prime rates, stating concerns that dropping interest rates further would actually cause Canadians to take on more debt they couldn’t afford to repay, versus help those who were feeling the pinch. Finally, one week after the overnight rate was dropped, the big banks all lowered their Prime rates – but only by 0.15 per cent, not the full 0.25 per cent. There’s no telling how long this will last, or if the banks will drop their Prime rates further, but here’s what it means for you.

If you’re a homeowner with a variable-rate mortgage rate, your bank’s decision to drop its Prime rate will result in a smaller monthly mortgage payment. A 0.15-per-cent decrease won’t save you much – maybe $40 per month on a $400,000 mortgage – but it’s still something. And if you are carrying extra debt or want to make a lump-sum payment on your mortgage later this year, use this savings to help you do so.

Unfortunately, as you’ve probably noticed by the cheap gas prices you see around your city now, falling oil prices have already hurt our economy 22 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

If you’re thinking about buying a home this year, don’t let these lower interest rates make you think you can afford an extra-large mortgage. There’s a lot of uncertainty surrounding this rate cut, and we don’t know how long it will last. It’s really important to buy a home that is below your maximum price limit and to stress test your mortgage.

That means tacking on two per cent to the current interest rate and seeing if you could still afford the payment, if interest rates went up.

The banks are right to be concerned about Canadians taking on more debt; that’s what happens in low interest rate environments. Take this rate cut for what it’s really worth: a chance to pay down your current debt sooner.

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

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IN THE NEWS

Cost of love in Canada: $50,339.21

By Lydia McNutt

A

re you planning to buy a home this year? Or maybe 2015 will be the year you find true love! Well, it may be a case of either/or, when you consider that the cost of loving is up there with the cost of a down payment on a home.

According to the third annual Cost of Love study by RateSupermarket. ca, love will set you back $50,339.21, from first date to cutting the wedding cake, with a one-year dating period, one-year engagement and the average Canadian wedding. The price of romance is up 11.4 per cent from last year.

If that doesn’t break your heart, compare the price of love to the cost of living, and you may shed a tear.

According to the fourth-quarter 2014 Housing Market Outlook by Canada Mortgage and Housing Corp., the average price of a resale home in

Canada as of Dec. 2014 was $414,300, with an average down payment of $66,288. In Toronto, that number more than doubles to $839,500 with a down payment of $134,320. And as per Urbanation,’s 2014 Condo Market Results, the average condo price was $389,000 with a down payment of $62,240. “On average, the prices associated with dating, engagement and nuptials have increased. And, as costs for food and travel grow amid today’s low currency environment, our findings underscore the importance of being financially prepared for life’s milestones,” says Penelope Graham, editor at RateSupermarket.ca. “Clearly, Toronto homebuyers are in an especially challenging position when trying to simultaneously save for home ownership and relationship costs.

If loving and living are both in your future, communication and coordinated planning are key. “Individuals should be aware how increased spending – whether on entertainment, travel, or a certain piece of jewelry – can derail the best-laid of financial plans,” Graham says. She offers these financial tips for couples: • Many modern-day couples live together before tying the knot, are trading in the traditional wedding gifts (how many toasters does one couple need?) for a home down-payment fund.

• Take advantage of the first-time Home Buyers’ Plan, which lets you and your partner each withdraw $25,000 from your RRSP, providing you qualify. You’ll have to repay the amount withdrawn in 15 years to avoid paying tax.

• Contribute to a Tax Free Saving Account.

One Year of Dates: $7,740.21 12 Fancy Dates: $2,335

Average cost: $194.50

(nice dinners + theatre tickets)

36 Casual Dates: $489

Average cost: $13.58

(12 takeout dinners, 12 coffee dates and a Netflix subscription)

12 Movie Dates: $570.96

Average cost: $47.58

(movie tickets, concessions)

2 Weekend Getaways: $821.50 Average cost: $360.75 (2 days away, 2 nights away, $100 credit card bill)

Beach Vacation: $2,254.67

Average cost: $1127.33

Other Expenses: $1,270.08 (Flowers: $126.98, Men's Wardrobe: $1143.10)

One-Year Engagement: $10,913.99 Another Year of Dates + 50% Wardrobe update: $4,913.99 Engagement Ring: $4,000 Engagement Party: $2,000 Tying The Knot: $31,685* *Source: 2014 Weddingbells/Mariage Quebec Reader Survey 24 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

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The 5% deposit program is only available on a limited number of suites. Free maintenance is available for a maximum of one (1) year, and does not include parking or locker maintenance fees. Other conditions apply. See Sales Representative for full details. Exclusive Listing: City Life Realty Ltd., Brokerage. Brokers Protected. Prices and specifications are subject to change without notice. Illustrations are artist’s concepts. E & O.E.

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HOME SWEET HOME

Welcome to the world’s “most livable city”

By Lydia McNutt

T

oronto is the biggest Canadian city, and arguably the best – and the proof is in the maple-flavoured pudding, with Toronto’s ranking as the most livable city in the world, according to The Economist. Our economy, real estate market, and Raptors are all winners. We love the lit-up skyline, the bustling social scene, and the amazing diversity that is the definition of “Torontonian.”

Toronto made The Economist‘s short list of top 50 international cities, and bested them all when averaging more than 40 quantitative and qualitative indicators like livability (Toronto ranked #4), business (#4), safety (#8), democracy (#8), global food security (#8) and worldwide cost of living (#70 – that last one is no surprise, but we’ll come back to that). The results were published in the Safe Cities Index 2015, a new report by The Economist Intelligence Unit that evaluates urban safety around the world. The report names Tokyo as the world’s safest city.

Montreal – the only other Canadian city to make the list – scored second place, ranking #16 for livability, #14 for safety, #4 for business, #8 for democracy, #8 for food security, and #86 for worldwide cost of living.

Rounding out the top five cities are Stockholm in third place, Amsterdam in fourth, and San Francisco in fifth.

“Safe cities are those that can support a vibrant cultural life and a dynamic entrepreneurial environment in which everyone can thrive,” the report says. “The best examples of these will be at the forefront of economic and commercial growth for years to come.”

“Toronto in Canada is a consistent performer across the five other indexes, putting it top overall,” according to the report. “Deciding where to live is a personal choice for many city residents. For some, safety will be paramount.

Others will prioritize culture and creativity. Two neighbours may hold opposite views on democracy and the cost of living. But often choice will be based on a mixture of reasons.”

So, what drives your decision when it comes to location? If you’re on the home hunt, then you’re likely in the thick of that dilemma, carefully weighing factors like cost, convenience and of course, commute times – we are talking the GTA, after all.

Do you have kids, or are you planning to? Are you a workaholic?

Shopaholic? Outdoor aficionado? Where you choose to buy a home will impact your lifestyle while you live there, and it could affect the resale value when you sell the place one day. Location is also the one thing you can’t change about your home, so choose carefully.

Of course, cost is a key determining factor in the location debate. Livework-play locations, which are often downtown or in major suburban hubs, are often thought to be out of financial reach for many homebuyers, who find more bang for their buck in the ‘burbs. Interestingly, a recent study by

26 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Pembina Institute and RBC showed that 81 per cent of GTA residents prefer to live in a walkable, transitfriendly neighbourhood over a car-dependent location. Pembina Institute and RBC also found that residents spend an average of $10,000 a year on car ownership. In a location-efficient, walkable, caroptional neighbourhood, they would save a minimum of $200,000 over 25 years. That extra money could cover the cost of living in a more expensive, more central community.

Do your research and consider your options – and finances – carefully. A downtown home in the world’s most livable city could be well within reach.

Lydia McNutt is an award-winning writer and editor. Lydia’s love of architecture, interior design and the written word have landed her happily at home at New Condo Guide. Email Lydia.McNutt@wall2wallmedia.com, and follow her on Twitter @LydiasTweets

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Prestigious Yorkville location, close to the subway, Toronto attractions and minutes to the downtown core. Fabulous amenities include a hotel-style lobby, outdoor courtyard, magnificent views and the best in fitness, recreation and leisure. Chaz is by far the BEST condo investment in Toronto! MOVE IN THIS SPRING! GREAT SELECTION OF SUITES AVAILABLE!

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HOMEBUYERS’ HELP

Luxury optional: When you should spring for upgrades

By Marnie Bennett

I

t’s always interesting to watch new home and condo buyers as they choose their upgrades.

Naturally, they’re excited about this chance to customize their homes. Some throw caution to the wind, exceeding their budgets by thousands, while others are determined to not go a penny over.

Whatever your personality type, the ability to prioritize is key.

The types of upgrades available to you will depend largely on your builder. Among the most popular options are hardwood floors, finished basements and gas fireplaces. (In more exclusive communities, these may be considered standard features.) Upgrades can be as modest as a soft-close toilet seat or as dramatic as a coffered ceiling. You may have the opportunity to select crown moulding and taller baseboards, or highend appliances, custom cabinetry and top-of-theline hardware. Mosaic tile backsplashes, granite countertops, elegant lighting fixtures, closet organizers, rain shower heads… the list goes on and on. As you can imagine, it’s enough to set your head spinning.

So, which features should make the final cut? Consider the following: » Which upgrades will have the most impact on your quality of life? Write down every option that appeals to you, and then rank them in order of importance.

You may be surprised to find that sometimes it’s not the most expensive items that matter most to you. » Which make the most sense from an investment point of view? While it’s hard to imagine selling a home that isn’t even built yet, there will come a day when you’ll want your home to appeal to buyers. Money spent on solid gold bathroom faucets will not be recouped, I promise you. Hardwood floors, on the other hand, tend to be a crowd-pleaser. » Which can be easily postponed for a couple of years? If you’re still having trouble allocating your budget, opt for the upgrades that are most technically difficult to install. Gas fireplaces, for instance, are a good feature to install right off the bat, while cabinet hardware can easily be replaced at a later date.

While I don’t generally advise my clients to splurge on every bell and whistle, the right touches will make your home feel as special as you are.

Like so much in life, it’s about striking the right balance.

28 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Marnie Bennett is the number one realtor worldwide for Keller Williams Realty Inc., and is in the top one per cent of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals. Contact mbennett@bennettpros.com for a free copy of 10 Deadly Mistakes Buyers Make When Purchasing a Home. bennettpros.com

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Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artist’s concept. 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.

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 29

30

31

HOT DATES

FEBRUARY 2015 Calendar of events taking place from Feb. 14 – 28

Feb. 14 & 15

Valentines Day Food Tour

KENSINGTON MARKET Valentine’s Day is upon us! This year, Valentines Day falls on a Saturday, meaning you have a whole day to devote to your loved one. Head over to Kensington Market where you’ll be given six select tastings. Enjoy some artisanal breads and cheeses, sandwiches, pastries and more. savourtoronto.com

Feb. 16 Family Day on the Toronto Waterfront

TORONTO WATERFRONT, QUEEN’S QUAY The Waterfront BIA welcomes you and your brood to enjoy a free family fun day of 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 hot drink! waterfrontbia.com

Feb. 21 & 22

Until May 10

BLOOR-YORKVILLE The Bloor-Yorkville neighbourhood will be transformed into a winter wonderland, as artists put the finishing touches on an amazing frozen scene crafted from 35,000 pounds of ice. Cast your vote for the People’s Choice Sculpture at the Ice Carving Competition in the Village of Yorkville Park (Cumberland & Bellair Streets). bloor-yorkville.com/icefest

ART GALLERY OF ONTARIO The powerful and expressive works of the late New York City graffiti artist, Jean-Michel Basquiat are coming to the AGO in the first major retrospective of the artist’s work in Canada. Check out close to 85 large-scale paintings and drawings from private collections and public museums across Europe and North America. On exhibit until May 10. ago.net/basquiat

IceFest

32 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Jean-Michel Basquiat: Now’s the Time

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The Thedimensions dimensionsshown shownon onthis thisplan planare areapproximate approximateonly. only.See Seesales salesrepresentative representativefor fordetails. details.Prices Pricesand andspecifications specificationsare aresubject subjecttotochange. change.E.&O.E. E.&O.E.February February2015.

2015.

south south of of Mel Mel Lastman Lastman Square Square

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416.730.9722 416.730.9722 II menkes.com menkes.com

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The dimensions shown on this plan are approximate only. Actual useable floor space within the unit may vary from any stated floor areas or dimensions on this plan.

The dimensions shown on this plan are approximate only. Actual useable floor space within the unit may vary from any stated floor areas or dimensions on this plan.

For more information on the method used for calculating the floor area of any unit, reference should be made to Builder Bulletin No. 22 published by Tarion. February 2011.

For more information on the method used for calculating the floor area of any unit, reference should be made to Builder Bulletin No. 22 published by Tarion. February 2011.

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Prices and specifications are subject to change. E.&O.E. February 2015. 24473

GET THIS LOOK

Peggy Sofa. $1,199. Visit westelm.com

’70s INSPIRED DECOR is a huge trend this season!

Forward FLASH-BACK

By Sara Duck

GET this LOOK Curva Floor Lamp. $329. structube.com

Abstract Art. $80. homesense.ca

Stockholm Coffee Table in Walnut Vaneer. $300. ikea.ca FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 33

STAT CHAT

Don’t be afraid of the “big, bad” Toronto condo

By Ben Myers

I

n early February, Urbanation released its 2014 condominium market data for the Greater Toronto Area, and what a year it was! New condo sales jumped 51 per cent over 2013, and unsold supply dropped 10 per cent.

The sales-to-listings ratio in the resale market in the fourth quarter was the highest since Q4-2011, despite of a record number of projects completing and occupying last year. New and resale condo prices were up about four per cent year-over-year, outpacing inflation, but far from “too hot.”

What a tremendous result. Well, you might not think so if you read the newspaper. Let me give you the background. There tends to be a pretty even relationship (one to one) between the number of new units launched in the GTA and the number of sales in any given year – you can’t buy what doesn’t exist, right? Well, Urbanation expects fewer new units to launch this year, and given the fact that 2014 was the third-highest sales year on record, Urbanation expects a modest slowdown in activity in 2015. So instead of celebrating the tremendous resurgence in the new condo market in 2014 as I highlighted above, the headline in the newspaper read, “Toronto condo market likely headed for moderate slowdown.” I find this very depressing. I don’t blame the newspaper or the headline writer, they are doing exactly what they need to do to get readership, because fear sells.

On my Twitter feed a couple of years ago, I linked to articles going back as far as 2002 that warned of condo oversupply, bubble pricing, ignorant and overleveraged condo investors, delinquent foreign owners, or mismanaged condominium projects with maintenance fees about to skyrocket. People love to read and share these articles. Fear is a powerful emotion. To many people, the pain of losing money on a real estate purchase would be so much greater than the positives associated with their home appreciating in value. They let that anxiety and distress cloud their decision making.

Don’t be afraid of the big, bad Toronto condominium – none of the scary scenarios have come true. The best thing you can do is conduct your own research, ask friends who have bought a condo if they would do it again, and find out what they wish they knew the first time around. Contact your bank, a mortgage broker, a real estate lawyer, and a real estate agent to ask them

Some people don’t want to believe it, but the Toronto condo market has been pretty darn good for more a decade and a half.

Buy what you can afford, but don’t be afraid to buy now.

34 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

for advice, tips, pitfalls and perks of buying a condominium.

Perhaps you’re not ready yet.

Consider buying a pre-construction condominium with an occupancy date of 2017 or 2018. In a few years, you will likely be more financially prepared for the costs of owning.

Some people don’t want to believe it, but the Toronto condo market has been pretty darn good for more than a decade and a half. Buy what you can afford, but don’t be afraid to buy now.

Ben Myers is senior vicepresident of Market Research and Analytics at Fortress Real Developments. Ben assists in evaluating the market and projects that Fortress engages in.

Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments.com/ news or follow him on twitter at @BenMyers29

FINAL 2 WEEKS

Buy at Liberty’s Legacy Park and receive 8% interest on your deposit!* Live in Thornhill’s most connected community at Bathurst & Centre Street.

URBAN CONDOS FROM THE $300s BATHURST & CENTRE STREET

CENTRE ST.

LegacyParkCondos.com 905-731-8302

TTC/VIVA

STEELES AVE W.

YONGE ST.

*Vendor will pay simple interest at a rate of 8% per annum, and such interest amount shall be calculated from the date the full 15% deposit is received until: (i) 12 months from such 15% deposit satisfaction and (ii) occupancy of the unit, whichever is earlier, which amount shall be credited on successful closing. Subject to change. Restrictions apply.

See Sales Representative for details. E. and O.E.

407 BEVERLEY GLEN BLVD.

BATHURST ST.

SALES CENTRE ON BEVERLEY GLEN JUST WEST OF BATHURST

HIGHWAY 404

HIGHWAY 7

HIGHWAY 400

WESTON RD.

*Vendor will pay simple interest at a rate of 8% per annum, and such interest amount shall be calculated from the date the full 15% deposit is received until: (i) 12 months from such 15% deposit satisfaction and (ii) occupancy of the unit, whichever is earlier, which amount shall be credited on successful closing. Subject to change. Restrictions apply. See Sales Representative for details. E. and O.E.

HIGHWAY 427

FINAL 2 WEEKS

HIGHWAY 407

STEELES AVE.

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 36

IMMEDIATE OCCUPANCY

ONLY

5% DOWN PAYMENT

RICHMOND HILL

DANFORTH AVE.

$284,000 LIVE FROM

$302,900 LIVE FROM

$253,000 LIVE FROM

READY!

HWY 407

READY!

DA NF ORT H

RD .

LESLIE ST.

BAYVIEW AVE.

AVE .

BAYVIEW AVE.

DON CAS TER

YONGE ST.

STEELES AVE.

HWY 7

E. IA AV SCOT

READY!

.

AVE DEN WAR

JOHN ST.

ROCKWELL RD.

YONGE ST.

N

AVE. ORTH DANF

7163 Yonge St., Unit #124

370 Hwy. 7 East, Unit #113

3520 Danforth Ave.

WorldOnYonge.ca | 905-771-7010

RoyalGardensCondos.ca | 905-889-9997

TerraceOnDanforth.ca | 416-987-7575 .

AVE DEN WAR RD .

DA NF ORT H

E. IA AV SCOT

www.MyLibertyCondo.ca N

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

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 37

Model Suite Photo Compliments of Urban Capital.

www.urbancapital.ca

River City 3 Presentation Centre King Street East at Lower River Street Model Suite - C3, One Bedroom+Den, 614 sq. ft.

FEBRUARY2015 Urban Capital has been featured as “MODEL SUITE OF THE MONTH” as seen in the New Condo Guide model suite calendar

FROM THE LOW $200’S TO $1.4M

RC3 continues Saucier + Perrotte's distinctive palette for River City's residential lobbies, with a striking composition of black, white and a shock of gold. A bold beacon from across Corktown Common park.

RC2 Move In Spring 2015

RC1 Sold Out

N QUEEN ST E

KING ST E

Renderings are an artist’s impression. Specifications are subject to change without notice. E.&O.E.

RIVER ST

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DON VALLEY

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King St East at Lower River Street Mon-Thurs 12-6 pm Sat & Sun 12-5 pm For more info, 416.862.0505 EXTREMEARCHITECTURE.CA

CONDO PROFILE

INTRODUCING THE INSTA-COMMUTE: SmartTrack takes River City to the next level

C

hampions of regeneration, Urban Capital have earned their reputation with just cause, bringing their full-spectrum, high-design vision to areas that were previously neglected, even derelict, turning where you might not even want to walk into exactly where you want to live. Case in point: the strikingly beautiful, progressive River City development that is a lodestone and iconic residential component of the revived West Don Lands. The Saucier + Perrotte architecture already has critics swooning. Add Urban 40 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Capital’s imaginative, intuitive renewal strategies when it comes to shared urban space (the innovative Underpass Park formed part of their original design proposal), furthermore cutting-edge sustainability technologies, and it’s little wonder Waterfront Toronto chose Urban Capital over 17 competitors to make the most of an area that currently holds much of the city’s focus.

The latest headlines involve one of the biggest transit thrusts the city has seen in decades: SmartTrack. On trend with River City’s architecture that would be at home in Barcelona or London comes European-style light rail transportation. Plans laid out by Toronto’s Mayor John Tory for an above-ground regional LRT system employing existing GO train infrastructure aren’t just confirmed, they’ve now been accelerated by Toronto City Council.

SmartTrack is set for completion in 2021, offering 22 new stops, five new interchanges, and all-day express service from Markham in the east to the Airport Corporate Centre in the west. The emphasis in these cases is on slashed commutes from far-flung suburbs, but downtowners acquire exponential time savings too. River City couldn’t be more pre-eminently situated and scheduled to profit from SmartTrack.

Abutting River City to the south and east is the glorious new Corktown Common, with its urban prairie meadows, ecologically sensitive marshland, splash pad, fire pits, sports field, dog run, and direct access to Toronto’s 1,800 kilometres of bike paths and trails. The latest, exciting proposal is for a pedestrian footbridge to span the Don River due east of Corktown Common, strategically linking River City to the Unilever site: an 28-acre former Sunlight Soap factory opened in 1892 that is currently poised to be redeveloped into 15 million brand new square feet of office and mixed-use commercial facilities. A major transit hub is included in the Unilever scheme – a SmartTrack station virtually in River City’s backyard.

The one-stop Unilever to Union SmartTrack journey will clock in at six minutes. Unilever to Bloor-Yonge will take 17 minutes. It’s not hard to imagine the residents of River City getting their departure times down to a fine art, whether they’re heading to Bay Street, uptown, or simply walking across the footbridge to work in what’s slated

to be Toronto’s Canary Wharf. Nor is it hard to imagine SmartTrack passengers looking out their windows to spot the sleek black and shining white River City landmarks that signify one last stop before Union Station, the dark beauty and dazzling circuitry of River City serving as emblems of their revived, regenerated, enviable east downtown.

Bursting with potential both realized and about-tobe-realized, Corktown, the West Don Lands and the Port Lands are Toronto’s latest, biggest, best and busiest Cinderella story and River City is at the centre of that.

If all of Toronto isn’t gripped by what’s transpiring in the River City surroundings, it will be soon. It’s one thing to invest in a home, it’s another thing altogether when your city invests along with you. It’s incredible that this humble Victorian history has this much phenomenal potential, and we all get to see it built. Welcome to 21st century, beautifully accelerated Toronto.

For more info, call 416.862.0505 or visit online at rivercitytoronto.com FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 41

CONDO CULTURE

The wine cellar solution for condo dwellers

J

ust because you’re a small-space dweller doesn’t mean you can’t live luxuriously.

Wine cellars are generally one of those dreams that move out when you move into a compact home. While the big, climate-controlled room with tasting table and built-in racks may still be beyond the condo owner’s reach, there’s a great solution that lets you have your wine and drink it too, so to speak.

Wine cellars now come in a wide range of shapes and sizes, with an even broader array of features. From dualtemperate zones to countertop models, there are options for everyone – from wine beginners to wine aficionados.

Which is great news, as sommeliers world-wide would agree that storing wine in a cupboard is probably the worst thing you can do for wine. And unless you’re drinking your wine and replacing it regularly, those cute six-bottle holders that go on the wall are not your vintage’s best friend. There’s no light or climate control.

Indeed, top sommelier Anne Martin says that storing a wine in your fridge at too cool a temperature can dry out the cork, making the bottle more difficult to open. She adds that many of us are unknowingly guilty of drinking our white wines too cold, and our red wines too warm! A too-cold white wine doesn’t allow you to fully enjoy its range of flavours, while a too-warm red brings out too much of the alcohol notes, and not enough of the flavour.

Wines are best stored in a dark spot, free of direct UV rays and household lighting. Sunlight can cause wine to age too quickly and deteriorate. Plus, away from the light, those lovely labels won’t fade.

Then connoisseurs and oenophiles can just start collecting. No need to let your living situation dictate your enjoyment of finally opening up that award-winning vintage, or aging that special bottle to perfection!

A dedicated wine storage unit, such as the wine cellars offered by Canadian company Koolatron (koolatron.com), eliminates this stress and guesswork by offering a consistent, regulated temperature, free from ambient lighting. They also protect against environmental dangers such as vibration and strong odours. Starting at $159.99 for a six-bottle unit, proper wine storage and serving is affordable, and small enough for small space living.

Of course, the six-bottle cellar may be for the more occasional or novice collector. The serious collector will want to consider a larger unit – 45 or 68 bottles. The serious collector may consider the 165-bottle cellar, or combine several.

Wine cellars are no longer just for sprawling homes and sommeliers...

42 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

With great controls, a unit such as this is self-contained. Sophisticated construction means they control the position and climate perfectly, to ensure wines age well and can be enjoyed to their fullest potential, without worry of vibrations stirring up the sediment or light getting in.

As opposed to a built-in, these freestanding units are modern and offer contemporary design, so they work well in your decor. They can be located in a convenient corner or closet as they are space-saving and streamlined in design. And if you move, they move with you. It’s an investment in your lifestyle, not just your décor.

VICTORIA PARK AVE

GERRARD AVE

MAIN ST

DANFORTH AVE

KINGSTON RD SOUTHWOOD DR

Introducing The Southwood, a six-storey building that subtly interweaves modern grey brick and dark bronze features, complementing the natural beauty of The Upper Beach. Located at 663 Kingston Road and Southwood Drive, this east-end haven offers 45 spacious suites, leveraging contemporary outdoor spaces and beautiful treetop views. Dedicated to rethinking urban living, the sleek exterior design is just one more reason to come home.

10 MINUTES TO DOWNTOWN

WOODBINE AVE

For urban professionals, modern families and devoted east-enders.

LAUNCHING FEBRUARY 2015 Register Today TheSouthwood.com 416.750.7506

COXWELL AVE

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Three bedroom suites from the $600s.

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IN PARTNERSHIP WITH DREAM

Rendering is artist’s concept. Prices and specifications are subject to change without notice. Exclusive Listing. Brokers Protected. E.&O.E.

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 43

CONDO PROFILE

A MODERN ARCHITECTURAL GEM IN THE UPPER BEACH

B

outique living is coming to The Upper Beach with The Southwood, a brand new community of 45 suites tailored to urbanites, devoted east-enders and modern families who love their city but love their space too.

Located at 663 Kingston Rd. and Southwood Drive, this east-end haven is designed for savvy homebuyers and families who value contemporary finishes and who love entertaining and relaxing outdoors while enjoying spectacular treetop or lake views. Hop on the TTC or GO Transit and be downtown in minutes, or explore the close-

44 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

knit neighbourhood infused with indie shops, kid-friendly services, cafĂŠs, and parks just steps from your front door.

The Upper Beach also has some of the best schools, day cares, community centres, libraries and recreational amenities the city has to offer.

Designed by TACT Architecture, this six-storey building subtly interweaves modern grey brick and dark bronze metal, while complementing the natural beauty of The Upper Beach. By designing from the inside out, the architects were able to offer spacious and functional suites that maximize outdoor living space and beautiful views.

Not your typical cookie-cutter building, The Southwood has been thoughtfully designed for real living with spacious layouts that reflect how modern families really live, featuring: » maximized natural lighting through expansive windows and soaring nine-ft. ceilings; » large kitchens with entertaining islands, family-sized refrigerators and gas stoves; » master bedrooms that welcome king-sized beds; » oversized ensuite bathrooms with double sinks, separate water closets and large walk-in showers; » in-suite storage for baby strollers, skis, golf clubs, hockey bags and stocked-up supplies; and » huge balconies or terraces that double as your outdoor suite, with gas barbecue connections and enough room for lounging, entertaining and gardening.

The interior finishes are contemporary and modern, but always luxurious and warm, reflecting the signature Streetcar style, including: hardwood floors throughout, square-edge baseboards, solid core wood entry doors, quartz kitchen countertops and backsplash, quartz bathroom countertops, high-quality plumbing fixtures and fittings, and brand-name stainless steel appliances.

Streetcar has also incorporated several features in every suite to promote a healthy and comfortable living environment, including: low-VOC paints, low-flow plumbing fixtures, digital thermostats, ‘all-off’ electrical switches, water-source heat pump systems for yearround heating and cooling control, and integral energy recovery ventilators for direct fresh air and enhanced in-suite air quality.

Suites at The Southwood include something for modern families of every shape and size, including: one-bedrooms from 655 sq. ft.; two-bedrooms from 770 sq. ft.; three-bedrooms from 1,218 sq. ft. with 200-sq.-ft. balconies; and two-storey, three-bedroomplus-family-room designs from 1,520 sq. ft. with a 750-sq.-ft. terrace.

The Southwood is a hidden gem that has it all – contemporary design and modern living in a prime location with lake views, transit, shopping, schools, parks, kid- (and dog-) friendly places to go and things to do... and great value.

Large one-bedrooms start from the $300’s, and spacious three-bedrooms are priced from the $600’s.

The grand opening takes place on Sun., Feb. 22, 2015.

Register now at thesouthwood.com or call 416.750.7506.

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 45

MONEY MATTERS

Owning versus renting

By Gail Vaz-Oxlade

T

he housing market has gone wild in much of the country and it has people panting to make a good investment, and make the jump from renting to owning. Slow down and consider all the angles before you dive in.

There’s something about money Did you see that? Did you? The issue has shifted from “shelter” to “profit.”

That’s because people believe that a home is a good investment.

While the money is a key consideration – and it’s a pretty complex one – it shouldn’t be the only consideration. That being said, if you’re going to make the decision to move from renting to buying, you have to look at the dollars and cents.

First there’s the straight calculation that compares the cost of carrying your own home (your principal and interest payments and property taxes) with the cost of renting one. Sometimes that comes out a wash, which immediately brings people to the conclusion that renting sucks.

Renters aren’t responsible for maintenance. Homebuyers also need to consider closing costs which include legal fees, land transfer tax, and other miscellaneous expenses that you don’t pay if you are renting. First and last months’ rent is also a ways smaller than the typical down payment on a home.

Of course, all that has to be balanced off against the fact that no matter how small the principal portion of your mortgage is (and it’s miniscule in the early years), as long as the market is stable, and you’re not looking to make a quick sale with the hopes of turning a profit, homeowners are building equity and increasing their net worth with every mortgage payment. And when you sell your principal residence one day, the money you earn is tax-free.

It’s a wonderful life When I was in my 20s, I lived in a neighbourhood that was suited to a single girl hell bent on a good time. Back then, renting was the perfect solution: one of limited responsibilities and commitment. If a window broke, I called the landlord. If the fridge stopped working, I called the landlord. Renting is virtually a worry-free existence. (All this is assuming you have a decent landlord).

Home ownership is a responsibility that also brings a ton of warm, fuzzy feelings. It means you can put down roots. You have complete control of your environment so, yes, you can paint your living room red.

Location, location Buying a home in a neighbourhood you don’t know well is one of the top mistakes homebuyers make. If you’re new in town, you may be better off renting for six months or a year to get a feel for the area. If you like living there, you’ll feel much more comfortable signing on the dotted line later on.

46 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Steady as she goes Your employment prospects should be pretty stable before you consider buying your own home. Home ownership requires a number of regular payments – the mortgage, property taxes, utilities, maintenance and insurance. Missing any of these payments can trigger dire consequences.

There are a number of financial factors that will weigh in when it comes to the buy versus rent question. But the decision involves much more than just running the numbers. You’ve also got to look at the emotional rewards and challenges of each alternative. I’ve been a renter and I’ve been an home owner, and overall I like ownership more.

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

Follow Gail on Twitter at twitter.com/GailVazOxlade

rooftop pool and bar stunning lake and city views minutes to the waterfront

LIVE HERE .

Be Everywhere.

PREVIEW OPENING coming early 2015 Design-forward condosat front + Bathurst,

,* FROM the LOW $200 s Toronto’s most highly anticipated Preview Opening! Be first to view and purchase at Minto Westside, located just steps to the city’s best shopping, entertainment, island airport and the waterfront.

register for first choice mintowestside.com *Prices and specifications are subject to change without notice. Rendering is artist’s concept. E.&O.E. FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 47

INVESTOR ADVICE

Why pre-construction condos are a great buy

By Andrew La Fleur

T

here are many different ways you can invest and make money in real estate. Most types of real estate investments are very hands-on and require a lot of time and effort. Investing in pre-construction condos, on the other hand, can be highly lucrative with minimal effort. Here are four reasons why I believe that pre-construction condos are the best way to make money as a real estate investor.

1. Leverage The number one reason why so many real estate investors look to the pre-construction condo market is the ability to leverage their money over time. With just 15 to 20 per cent of your own money, you can buy 100 per cent of an appreciating asset, and you get to hold that asset for three to four years without making any payments on it.

Over the last decade in Toronto, thousands of investors have seen incredible returns by simply buying, waiting, then selling on completion.

4. Rental demand Since the end of the highrise apartment construction boom of the 1960s, there have been almost no purpose built rental buildings in Toronto. Yet our city keeps growing by tens of thousands every year.

The need for new rental units is now filled almost entirely by new condominiums, and tenants always want to live in the latest and greatest buildings. Buying pre-construction guarantees that you will own the newest apartment on the block when the building is complete, and condo investors know that renting out a unit in a brand new building has been a very lucrative experience.

2. Access to triple-A locations Condo investing allows ordinary investors to get a piece of real estate in otherwise unattainable locations.

Owning real estate on Yonge Street, King Street or on the waterfront is made possible for average investors only through the power of condos. And with many developers offering flexible deposit structures, you can own in these prime locations for a fraction of what it would cost to buy a commercial property, a house, or a small apartment complex in the same locations.

3. Low maintenance New condos are perfect for the busy professional or selfemployed business person because you can own multiple units with little to no monthly property management.

Many of my clients tell me that they are so busy with their full-time jobs or their businesses, they don’t have time to start a part-time business as a landlord. Compared to buying a house or a commercial property, new condos offer the lowest maintenance with the highest rentability.

So, there’s nothing to fix or maintain, and your unit will rent out very quickly, saving you time for what really matters in your life.

48 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Andrew la Fleur is an awardwinning 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

COMING THIS SPRING

Ask about our

SUITES

FROM THE LOW

TOWNS

FROM THE MID

$200,000s $500,000s

Finally! Everything you’ve been looking for in the heart of the city has arrived!

The Bartholomew collection of condominium suites and traditional towns is redefining downtown living. Smart designs, impeccable designer finishes, outstanding amenities, and townhomes with private backyards – all just steps from a new 6-acre park, aquatic centre, MLSE athletic grounds, schools, shopping, and dining. And, the TTC is at your door. This is an extraordinary opportunity to own a new home in the awardwinning, world-leading Regent Park revitalization – In the heart of it all, you can have it all.

Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artist’s concepts. Prices and specifications are subject to change without notice. E.&O.E. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited. *Conditions apply, see sales representative for full details. **Conditions apply. First Home Boost Program is only available on a limited number of suites.

BOOST your down * ** payment from 5% to 15%…interest and payment free!

DANIELSBARTHOLOMEW.COM

416.955.0559

COMING THIS SPRING With suite prices beginning from the low $200,000s and towns from the mid $500,000s, the opportunity to own a new home will be attainable for a variety of avid downtown dwellers; from professionals to growing families, empty-nesters, singles, and couples.

The Bartholomew, a 13-storey condominium, and 30 condominium townhome community was designed by the renowned Quadrangle Architects Limited. Residents will have exclusive amenities, including a party room with a kitchen/bar, a 24/7 lounge, pet spa, and a spacious and beautifully landscaped courtyard complete with gardening plots. Active residents will appreciate the indoor fitness centre, plus a multi-purpose room complete with WELLBEATS™ - a wellness resource that takes “virtual” to “physical” with the touch of a screen. Programs such as Zumba, yoga, Pilates, dance-based exercise, weight training, cardio, cycling and classes for kids can be accessed from a kiosk in front of a large-screen projector. People can select classes, invite friends and exercise guided by professional instructors.

The beautifully appointed condominium suites feature 9 and 10-foot ceiling heights; laminate, porcelain and ceramic flooring; custom-designed contemporary kitchens with quartz countertops, porcelain tile backsplashes and European-style stainless steel appliances; custom-designed bathroom vanities with quartz countertops; deep soaker tubs and clear, tempered-framed glass showers.

416.955.0559

DANIELSBARTHOLOMEW.COM

For those looking for the ease and convenience of streetside living, The Bartholomew will also offer spacious and contemporary three-storey townhomes with designer finishes.

Townhomes include 9-foot ceilings on the ground, second and third floors, oak staircases stained to match the floor colour and private rear yards with a gas line perfect for outdoor entertaining.

BBQ entertaining

The Sutton Collection Towns Those looking to take townhome living to the next level should look to The Bartholomew’s exclusive Sutton Collection. This limited collection of just seven luxury towns nestled on Sutton Street will redefine downtown living with four-level, two and three bedroom townhomes with rooftop terraces, private garages, finished lower levels and the opportunity to select designer finishes.

The Bartholomew is nestled in the centre of Toronto’s most vibrant neighbourhood. Regent Park is a community that nurtures health, wellness, the arts, and entrepreneurship. The suites and towns will be steps to Daniels Spectrum – a 60,000 square-foot cultural hub that was named the 2013 Best New Event Venue in Canada by BizBash; Paintbox Bistro, featuring live entertainment and the cuisine of Chef Chris Klugman; a 6-acre community park on Dundas Street with a playground, gardening plots, off leash dog park and water play plaza; the Regional Aquatic Centre; a new Community Centre currently under construction; FreshCo by Sobeys; Rogers; Tim Hortons; RBC Royal Bank; and the conveniences of schools, public transit, and –during the growing season - The Regent Park Farmers’ Market.

Phase One of the revitalization is complete; Phase Two is well underway; and plans for Phase Three include the 2.8-acre Regent Park Athletic Grounds funded through the support of MLSE Foundation. In fact, the ice rink is already complete and in use. This recreational space will also feature a new basketball court, soccer/cricket pitch and running track. In minutes, Regent Park residents can also walk to the Eaton Centre, Bay Street, Leslieville, Cabbagetown, the Distillery District, Nathan Phillips Square, and more.

The recently opened skating rink

REGISTER TODAY FOR THE BARTHOLOMEW! Exciting new condominium suites and towns coming this spring to Toronto’s Downtown East In Toronto’s Regent Park, the lifestyle opportunities offered by The Daniels Corporation are capturing the interest of buyers seeking outstanding urban living for great prices. The Bartholomew, Daniels’ newest collection of condominium suites and condominium townhomes – is the latest addition to the award-winning, worldleading Regent Park revitalization.

TOWNS

FROM THE MID

$500,000s

The Bartholomew 3-storey townhomes

If you do not own a home and are currently renting you may qualify for Daniels’ First Home BOOST – The most powerful homeownership program ever created. Only currently available in Regent Park, this innovative Down Payment Program provides an interest free and payment free loan for an additional 10% of the purchase price, turning your 5% deposit into a 15% down payment! This program will allow you to carry a mortgage for only 85% of the purchase price, which means lower monthly carrying costs – and the most attractive opportunity to get into homeownership in the city.

Ask about our **

BOOST your down payment from 5% to 15%…interest and payment free!

GET THE INSIDE SCOOP.

To ensure the very best chance to purchase a brand new townhome or suite in this incredible location, registrants can join The Bartholomew Inner Circle™. Membership entitles you to be among the first to purchase, with an invitation to Daniels’ Preview Event including the First Advance Sale before the general public. Inner Circle™ members will have the most comprehensive choice of homes, floors and views and can take advantage of special preview pricing. To join, a $300 registration fee is required, which will be applied toward the purchase of your suite, or fully refunded if you choose not to purchase.

The Bartholomew Presentation Centre 500 Dundas St., East

online or in person at our Presentation Centre.

DANIELSBARTHOLOMEW.COM

416.955.0559

Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artist’s concepts. Prices and specifications are subject to change without notice. E.&O.E. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited. *Conditions apply, see sales representative for full details. **Conditions apply. First Home Boost Program is only available on a limited number of suites.

STYLE FILE

An organized effort

By Jane Lockhart

L

iving in a small space means maximizing storage and ridding yourself of unneeded items. It’s sometimes tempting to take everything with you for those “just in case� moments. But starting fresh has its advantages when it comes to making the most of storage options to max out their usefulness.

No matter if you are moving into a new house or condo, no one ever says they have enough closet space, so making the most of what you have is critical. Investing in closet organizers in the bedroom that provide shelves, both short and long, hanging as well as drawers and shoe storage will be invaluable. You will be happy you took the time to do this as you move in and create a new life and new routines. Leaving a closet undone will simply waste space in the end.

Another area to make sure you maximize space is in the front hall closet. Being Canadian means we have a lot of different seasonal coats and footwear and this needs to go somewhere!

Think about adding shelves, drawers and hooks to this closet as well. Make sure the doors to the closet are swing doors if possible and not sliders, as sliders can make closet access difficult. continued on pg. 52

50

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 51

STYLE FILE continued

Another place to create useful organization is the linen closet. Be sure to update this space with lots of shelving prior to using it. A tip that will help maximize your storage within your linen closet is to tightly fold each sheet set and then place them inside the corresponding pillowcase. This will help you stay organized, allow you to see all of the linen sets and will keep everything together.

Store unused items in bins that fit under a bed, or purchase a new bed with built-in drawers that tuck under the mattress. This is a big area, so make sure it is efficiently used – particularly in a condo! This is a good place to store outof-season items, as they will be out of sight and mind until they are needed.

If you have the height and budget, build upward! Create a wall unit that goes to the ceiling so you not only elevate the visual height, you take advantage of this extra storage space. In the area, you can store items such as CDs, DVDs, books and photo albums. These items can take up lots of space if not stored efficiently, so make sure to buy storage solutions specifically created for these items.

If your home is being built brand new, request additional outlets in easy-toaccess places to cut down on the clutter of power cords. Consider adding extra receptacles under the cabinets in kitchens to maximize counter space, and a few extra in the bed and bathroom, so that you have enough space for chargers, your hair dryer and shaver.

And never forget, there are great accessories that can be added within

There are great accessories that can be added within kitchen cabinets and under sinks for better organization and easier access

52 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

kitchen cabinets and under sinks for better organization and easier access.

Good organization may take a little more time and money in the beginning, but it will definitely be worth the effort in the end.

Jane is founder and principal of Jane Lockhart Interior Design.

Her furniture collection, Jane by Jane Lockhart, is available at retailers across Canada. See Jane on CTV’s Marilyn Denis Show, Citytv’s Cityline, CBC’s Steven & Chris Show, Global’s Morning Show and CHCH Morning Live. janelockhart.com

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CMHC REPORT

January sees bounce-back in highrise starts

H

54 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

TORON TO CM A HOUSING STA RTS

Thousands of Starts

ousing starts in the Toronto Census Metropolitan Area (CMA) trended at 25,290 units in January compared to 25,480 in December 2014 according to Canada Mortgage and Housing Corp.

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

“Toronto housing starts in January 2015 continued to trend at a similar level compared to the previous month. However, condominium apartment starts reached an eleven month high,” says Dana Senagama, CMHC’s Toronto senior market analyst. “The recent bounce back in highrise starts activity has been expected due to an increase in pre-construction highrise sales since mid-2013”.

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, analysing 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 stand-alone monthly SAAR was 37,102 units in January 2015, up from 26,321 units in December 2014. The increase was the result of a significant increase in apartment starts.

50 45 40 35 30 25 20 15 10 5 0

37.1

25.3

January 2013

January 2014

January 2015

Housing Starts, SAAR Housing Starts Trend Line (six-month moving average)

PR E LIMINA RY HOUSING STA RTS DATA JA N UA RY 2015 Toronto CMA1 Trend2 SAAR

December 2014

January 2015

25,480 26,321 January 2014

25,290 37,102 January 2015

Actual January — Single-detached

623

440

January — Multiples

2,259

2,534

January — Total

2,882

2,974

January to January — Single-detached

623

440

January to January — Multiples

2,259

2,534

January to January — Total

2,882

2,974

Source: CMHC Census Metropolitan Area The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR).

1 2

The city of Toronto recorded the highest number of starts in January, made up of mostly condominium apartments. The next highest level of starts was recorded in Vaughan, which saw the next largest number of condominium apartment units begin construction. This was followed by Brampton, which recorded the highest number of single-detached home starts.

TAXING ISSUES

Taxes paid, money owed

By Henry Choo Chong

Q

My wife and I recently welcomed her elderly parents into our home.

They lived in north Simcoe and we are in Richmond Hill. They loved their home; unfortunately they can no longer maintain it on their own. We can financially and physically help them in their senior years. Can we deduct the money we give them for living expenses? Where and how on our tax return? Ron and Beth, Richmond Hill

A

The Baby Boomer generation may have to put condo living on hold for several years. Many boomers have the financial responsibility of not just university kids but aging parents too. Our generation (the “Sandwich Generation”) is blessed with having the people most close to us at home – our children and parents.

Unfortunately, neither Ottawa nor Ontario provide a deduction for your financial assistance. However, they do provide a “caregiver” tax credit.

You may qualify to claim a $4,223 federal tax credit and a similar provincial amount. This will reduce your federal and provincial income taxes by $633 and $210 respectively.

You should note, parents must be at least 65 years old and mentally or physically dependant on their adult child.

Q

My kids attend pre-school and elementary private institutions. The cost is astronomical but my wife and I believe it is best for our kids.

How much of the tuition may I deduct and how? Alan, Markham

capital gain is reported. Forty thousand (50 per cent of the gain) must be included in income. This is taxed at 40 per cent. Your tax obligation on the gain is $16,000 (40,000 x 40 per cent) to Canada Revenue Agency.

Consult your accountant/tax advisor before committing to pay any income taxes.

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.

A

Generally, private school tuition is not tax deductible. An attempt was made several years past to deduct private school tuition; however it was politically unpopular and was reversed the following year.

Fees to education institutions may be deductible as childcare and claimed by the lower income spouse. A receipt must be provided by the school for the portion of the fees that are considered “childcare.” Additionally, depending if there is some religious affiliation, part of the fees may be allocated as a charitable donation. Again, the institution must provide receipts and qualify for charitable status.

Q

I recently sold a real estate investment property. How much income tax will I pay? I calculated I made approximately $80,000.

Karim, Mississauga

A

Real estate that is sold for more than its cost may result in a capital gain for the individual. Fifty per cent of the gain must be included in your income tax return in the year of sale.

Using your figures and assuming you have other income, such as from employment, we can use a 40-per-cent tax rate. Therefore, the $80,000

56 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Henry Choo Chong, CGA, 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

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HOMEBUYERS’ HELP

Condo opportunities in the GTA BIGGER UNITS, MORE BEDROOMS, EXPANDING OPTIONS

By Wayne Karl

I

f you’re looking to buy a condo in the GTA this year, know that it’s one of the most affordable and desirable home choices out there. And coming off a strong 2014 in which the number of condo completions hit record highs, and prices of new condos climbed four per cent to $454,476 (compared to eight per cent to $705,813 for new lowrise homes), the good news is that there are plenty of options for you.

Young, first-time buyers typically like to live downtown, close to work and play, and there are virtually countless projects to choose from. Indeed, it’s largely a lifestyle choice – living in a modern building not only with features like health and fitness facilities and attached mixed-use amenities, but also proximity to hot neighbourhoods with popular restaurants, pubs and other attractions.

The challenge is that in recent years, the majority of units, especially downtown, were small onebedrooms, and there was a notable trend toward more “micro condos” – those averaging less than 500 sq. ft.

This may be suitable for young singles, but presents a challenge for buyers who get married or otherwise continued on pg. 60 58 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

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HOMEBUYERS’ HELP continued

“Developers will increasingly have to offer attractive incentives to buyers, like prices that are at or below resale values, extended deposit structures, and rental guarantees to keep the momentum going”

want to buy with their partner or a co-buyer, or have a family.

The answer is more two-bedroom units, and developers are building them. The number of twobedroom units climbed to 41 per cent in 2014, compared to 31 per cent in 2011, according to RealNet Canada Inc. The 2014 Strategic Review from RealNet and the Building Industry and Land Development Association shows that the index size of a new condominium increased to 816 sq. ft., as supply shifts toward twobedrooms. Average price per sq. ft. was $557, an increase of two per cent from 2013.

Given the choice available to buyers, and the competitive nature of the condo sector, more developers are also offering incentives.

“Developers will increasingly have to offer attractive incentives to buyers, like prices that are at or below resale values, extended deposit structures and rental guarantees to keep the momentum going,” condo expert Andrew La Fleur said in his forecast for 2015. “If they do these things and they have good sites in good locations, they will continue to sell well.”

60 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Shaun Hildebrand, senior vice-president at condo research firm Urbanation, seems to agree. “After taking a break in 2013, new condo buyers were enticed back into the market as pricing and incentives became more competitive across a greater selection of available units. The strengthening resale market and tight rental conditions, combined with lowered expectations for interest rates, should keep the new condo market humming in 2015.”

Where to buy highrise in the GTA And the condo opportunities are not just limited to downtown Toronto.

“You could take your pick from any area,” says Dana Senagama, GTA senior market analyst for Canada Mortgage and Housing Corp. “If you want to live in the urban core, yes, you will pay a premium to live downtown.

But there are more condos we’re seeing emerging in the 905 region – Markham, Richmond Hill and Vaughan.

Especially with the anticipated completion of the subway extension, we’re seeing a lot of development occurring in that corridor.”

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FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 65

CONDO PROFILE

THE KIP DISTRICT Concert Properties’ award-winning master-planned community to transform the heart of Etobicoke

L

ocated just west of the bustling intersection of Kipling Avenue and Dundas Street West and only a five-minute walk from Etobicoke’s soon-to-beexpanded Kipling Mobility Hub, The Kip District by Concert Properties is a hyper-connected community with unparalleled access to the GTA, downtown Toronto and beyond. In a world where transit accessibility is paramount, folks are certainly taking notice; The Kip District was just named North America’s Master-Planned Community of the Year by the National Association of Home Builders.

The Kip District is Concert’s second-largest multi-phased residential development in Canada, and its largest in the city of Toronto. When complete, it will consist of 1,500 homes plus shops and services within five sleek towers near the Etobicoke City Centre. Residents won’t have to travel far to schools, parks, restaurants and shopping.

“Not everyone is aware of Metrolinx’ plans to create what will be a transit epicentre in Etobicoke,” says Catherine Diraison, vice-president of sales at Concert. “With interior finishes that bring a distinctly downtown 66 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

vibe to this hyper-connected location, The Kip District is set to stake its claim as the place to be – and the best investment opportunity – in Etobicoke.”

A short walk to Kipling station, residents of The Kip District can access the TTC’s Bloor subway line and the GO Transit commuter rail stop on the westbound Milton Line.

It’s an easy 20-minute GO commute to Union Station in downtown Toronto. The TTC’s Airport Rocket bus, which offers direct service from Kipling station, gets commuters to Pearson Airport quickly and at no continued on pg. 68

THE VISION A fast-forward residential community where everything – nature, dog walks, early morning swims, late night socials and that off-to-work latte has its place.

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CONDO PROFILE continued

additional cost. The connected location also affords excellent vehicular access to Hwy. 427 to the west.

But as Diraison infers, if transit accessibility is great today, Metrolinx’ plans for relocating Mississauga bus transit (MiWay), GO Transit and the Bloor subway line into one transit location with the Kipling Mobility Hub, will make it even better. This new inter-regional bus terminal will offer quick and easy access to destinations to the west and beyond. Plans for the Hub are well underway with the goal of reducing traffic and creating an efficient connection between the TTC, MiWay and GO Transit.

Add to the transit options and accessibility The Kip District’s hip urban interiors and the offering is hard to resist. Designed by renowned interior design firm Union31, the finishes rival any chic downtown condo with Euro-style stainless steel appliances, quartz and marble countertops, generous mirrored closets and eight-ft. sixinch ceilings throughout principal living areas.

68 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Amenities within The Kip District: One – the first building in this emerging community – include a private screening theatre, fully equipped fitness studio, pet wash, outdoor terrace with barbecues and a rooftop party room with private dining room, wet bar, fireplace, billiards and soaring views of the city. The Kip Club – a planned central amenity building – will include a gym and swimming pool and serve as a hub of activity for residents.

Urban-inspired gathering places and expansive green spaces have been purposely and thoughtfully designed by the MBTW Group. While The Kip District: One will be nestled adjacent to a 10,000-sq.-ft. parkette, an expansive central square will serve as the centrepiece for all five towers and be joined by landscaped pathways.

The Kip District will be designed to Leadership in Energy and Environmental Design (LEED) Gold and Tier 2 City of Toronto Green Standards and will feature a green roof system, Energy Star appliances, high-efficiency heating and cooling, and vehicle charging stations.

Rising 28 storeys, The Kip District: One will feature a four-storey podium and suites that include one-bedroom, one-bedroom-plus-den or two-bedrooms. Suites range in size from approximately 500 to 1,000 sq. ft. All feature balconies or patios, with multiple facings for maximum light. Best of all, prices start in the low $200,000s with a large selection of one-bedroom homes under $249,000, one-bedroom-plus-den homes under $299,000 and twobedroom homes starting from the low $300,000s.

For more information, visit the award-winning Kip District sales centre and display suite at 5143 Dundas St. W. or online at thekipdistrict.com.

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YOUR HOME

Investors, take the road most travelled

By Yan Gurevich

flipping it before they recovered their initial investment? We are told about, but never observe, the great screwups with a contractor, or lack of a quality inspection that landed them on the show in the first place.

Surround yourself with experienced professionals knowledgeable in the area and type of home you are considering investing in, before you start shopping. If renovating the property, allow for longer time periods at each stage of acquisition, planning, permitting and completion. Budget at least 15 per cent for overages. Get your financing options locked in.

S

o you’re getting cracking on your “nest egg,” ready to put it to good use before your financial planner gets wind of your intentions and tries to reel you back in. Your friends are filling your head with all their success stories of flips, renovations and long-term rental conversions, and some of their ideas are starting to appeal to you. You have a real estate agent sending you listings, optimistic local market reports, and newspaper clippings prognosticating a tight rental market. You are ready to jump into investment properties. Now what?

There are proven steps investors can take that will save a lot of money and help avoid disastrous consequences. When starting out, try to avoid the road less travelled.

It’s not a TV show Television shows are for entertainment. Segments are edited to make even the protracted, tedious renovations and sale process appealing. We forget how some of the homeowners got on the shows in the first place. How many properties did they lose money on? How long did it take to find the one property that may make them a profit?

How long did they have to rent out a property instead of

72 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Comparatively speaking...

Investors use ratios like “cap rates” to compare and contrast one investment opportunity with another.

Cap rates are an attempt to compare similar and dissimilar properties based on their income potential versus purchase price. On occasion it is an attempt to compare apples to oranges. Beware – comparing a condominium with a six-plex may yield similar cap rates, but capital investment and management efforts are very different. Try to use these calculations on similar types of properties.

Cap rates will vary greatly from one city and region to another.

Owners are willing to pay more for a similar property in a larger metropolitan area where prices are stable and security of the investment is more assured.

If your investment is easily comparable to others sold in the continued on pg. 74

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same area, then a straight price-to-price comparison may be very useful. In a large, very developed pocket compare builders, home styles, size of lot and home, and types of finishes.

Cooler heads prevail Before purchasing any investment property, get it professionally appraised.

If you are planning to resell within a year or so, get the appraiser to estimate the resale value, taking into consideration the improvements you are planning to make. Even if you believe that your property will sell for more than the appraised value, ask yourself if the appraised value is enough to make a profit. If you can’t make money with the appraiser’s evaluation, rethink the improvements, or the purchase all together.

Where the big boys play Which would you prefer? To be the nicest, biggest house on the block, or a nice but “typical” home in the community? As an investor, you rarely want to be the one to try to buck the trend in a community. The adjective “typical” should be your most trusted term. If major developers are putting up new 3,000-sq.-ft. homes in this pocket, look for the “typical” underachiever, do a “typical” renovation or upgrade for the area, and expect typical rents.

Benefits of this effort is that you will not be waiting for the market you enter to catch up to the big boys. However, in contrast to the bigger players, your home will appear as a good deal to the next buyer and they may pay a premium for it at a later date. Tenants may pay a premium for a unit that is in an up-and-coming neighborhood.

Home of the brave: Tenants are a breed unlike any other. Most landlords I know are just happy to get some tenants out after months of non-payment of rents and hundreds of dollars in damage never to be recovered. You can spend days checking the background of potential tenants, only to face a very different beast once they take possession. Be brave. Do your homework, but set aside a reserve fund for unexpected loss of rents or renovations. For longterm investments you must factor in larger upgrade expenditures and set up a larger reserve.

Be a scrooge. Even on Christmas Investment properties come down to realistic numbers. The more costs you shave off the acquisition, renovation and maintenance of the property, the more you’ll profit. In a flip (a quick resale after acquisition) study your potential resale price very carefully. The word “typical” comes up again. Expect a typical sale price but hope for a higher one. If you can profit from “typical,” you will live long enough to do this again.

Shut up and drive Investment properties should be within easy driving distance from you. Few individuals can afford an investment property that generates so much income that they can hire a management company to maintain that investment for them. But even if a manager is involved, be prepared to make the midnight dash to your property – or at least have a trusted handyman on speed dial – in case a bathroom floods, or a washing machine stops working in mid-cycle.

Absentee landowner If you spend all your time in Canada but your investment condos are in Arizona or Florida, you must have faith in a management company to handle your properties at least as carefully and cost-effectively as you would yourself. Beware guaranteed returns, maintenance costs and sale prices. If your property is abroad, the laws of that land may not protect you from local suppliers guaranteeing or promising you certain things they cannot deliver. If I had a dime for every story of a vacant condo in Turks and Caicos or Jamaica where certain promises from now-bankrupt developers left investors with overpriced vacation homes…

74 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

A real estate sales representative with Harvey Kalles Real Estate, Yan Gurevich shares his creativity, sales, finance and negotiating skills with his colleagues and clients. Email him at yan@harveykalles.com; call 647.209.4004; and follow him on Twitter @brokeryan

arriving soon 2 3 5 9

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CONDOS

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Stretch out with 9’ ceilings, big balconies and great views. Chill out with two large terraces, fitness room, party room and private dining room. Even a pet spa and bike storage.

Love. Lounge. Live. On the Danforth.

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onthedanforthcondo.com

Developments

Brokers Protected. Specifications subject to change E. & O.E.

LEGALLY SPEAKING

Financing, and what happens if it falls through

By Jayson Schwarz

B

efore you go new-condo shopping, visit your bank, trust company or other financial institution to see what amount of mortgage you qualify for.

Take your significant other, if you have one, because everyone’s income and assets help. Once you know how much you can borrow, secure the best rate you can and lock it in for as long a period as possible. Don’t be afraid to negotiate – the banks want and need your business.

Shop around for the best rates, terms and lock-in periods.

You should also visit the condo sales centre armed with your knowledge and check what mortgage rate and term the builder is offering. Take note that the builder may have brought the rate down to make his package more attractive or forced his bank as part of his deal with them to offer special rates. Remember, if your bank’s offered rate and terms are close, you may be able to negotiate a better deal with the builder. If you do not take the builder’s mortgage you may be able to get some leverage in your overall negotiations as the builder may save money by not having to pay his bank for the better rate. Question this and make sure you understand all of the financing details. Regardless of where you go to get financing, get your commitment in writing!

When you walk into that sales centre, all ready to buy that beautiful new condo, perhaps the most important piece of the puzzle you need to have is security in your financial arrangements. A tragedy waiting to happen occurs when you sign an unconditional offer, give your hard-earned, harder-saved deposit to the builder and later find out you do not qualify for the mortgage. In other words, don’t buy the home unless you have a mortgage commitment or a conditional deal. This leads us into the next part of the discussion – what happens if your financing falls through?

An Agreement of Purchase and Sale for the purchase of land is a legal contract, and once it is signed it binds both parties to certain obligations. If either party does not hold up to their end of the arrangement, they can be held liable to the other party for either specific performance or damages. Firstly, if the purchaser defaults, he will likely lose his deposit. The builder will then have the option of suing to force him to close the deal and pay

76 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

all legal fees related thereto, or sue for any damages the builder might suffer before he resells the condo (for items such as interest, changes and price differential) and legal fees.

Sometimes, in a booming market, kindhearted builders will release purchasers who have made a mistake or encountered personal tragedies.

But don’t count on it!

The moral of the story is to make sure you have financing, or that the offer is conditional for a few days on both financing and review by a lawyer. It is critical you get the right advice, and only a lawyer can provide legal advice. That is the law.

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

DON’T SIGN ANYTHING!!!

CALL US FIRST BUY A NEW CONDO PAY ZERO LEGAL FEES

*

LET SHOW YOU HOW CALL FOR APPT TODAY

416-486-2040

BRAMPTON BRANCH OFFICE

TORONTO OFFICE

10 Wilkinson Rd. Unit 22., Brampton, Ontario L6T 5B1

1984 Yonge St.,Toronto Ontario M4S 1Z7

905.455.5777

416.486.2040

Toll Free: 1.888.609.8888 Fax 905.452.8135

Toll Free: 1.888.609.8888 Fax 416.486.3325

www.schwarzlaw.ca *Certain Terms and Conditions shall apply. Full disbursement disclosure.

DESIGNER ADVICE

Fall in love with PINK How to incorporate pink into grown-up designs

By Yanic Simard

W

hen you think about incorporating the colour pink into your interior, you probably associate it with being juvenile or ultra-feminine. This doesn’t have to be the case. Pink actually is a very versatile colour that works well with almost any hue. It will add softness and sophistication, depending on what you pair it with and how you use it. Following are four schemes that will help inspire you think "pink" in a sophisticated way.

78 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Stark White + Deep Pink Nothing is more clean, fresh and ‘hotel-esque’ than a room with white walls, white upholstery, white drapery… and a touch of pink can add some warmth to the scheme.

Try using pink only in the artwork, like we did with this beautiful bedroom and stretched canvas art headboard.

Accent it with mirror, like these mirrored side tables.

Pink wallpaper, such as Trove’s Nekkar in Pink (available at Industrial Storm in Toronto) will add beauty and elegance to any room setting.

Pink is a very versatile colour that works well with almost any hue. It will add softness and sophistication, depending on what you pair it with and how you use it.

Trove’s Nekkar wallpaper in Pink

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 79

Hot Pink + Jet Black One strong colour deserves another. You don’t want the room to look unbalanced, so to counteract the boldness of a hot pink, introduce another powerful colour such as black, which will even everything out.

Keep in mind that the pink doesn’t always need to be in the paint. The black can also be in the upholstery, such as black leather club chairs. The finish that would work well here would be a rich looking type of natural wood, such as zebra wood.

Natural ways to incorporate pink: ›› Pebble stone tile with chalky pink variation ›› Maple or bamboo flooring with subtle pink graining ›› Granite stone countertops with rose pink veins Colours that clash: ›› Mint green ›› Orange ›› Purple

Medium Pink + Light Green Would you ever upholster your dining chairs in solid pink fabric? Well, I would! Lavish looking crushed velvet paired with a neutral wall treatment such as grasscloth with a subtle hint of green in it looks really striking. A touch of gold will take the look up to the next level – such as with Tom Dixon’s gold ‘Etch’ Pendant Lights.

Soft Pink + Dark Blue Have you thought about using pink on the ceiling? Deep, dark blue painted walls, like Benjamin Moore’s CC-964 Blue Grotto, paired with 2085-60 Pink Petals as an accent colour for the ceiling looks really classy. This combination works particularly well for a bathroom. Reflective surfaces can help make a space more mature looking. Introduce a copper element into the mix.

80 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Yanic Simard is New Condo Guide’s design editor, principal designer of award-winning Toronto Interior Design Group (tidg.ca), and regular guest expert on City’s Cityline. Check out Yanic’s accessory line, Yanic Simard Selected, by visiting online at ysselected.com

GTA Edition Feb 14 - 28, 2015

Your complete source for condos, lofts and townhomes in the GTA

IN THIS SECTION Maps and listings for new condo communities in the 416 region Builder news and the latest in condos in the 416 FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 81

CONDO WATCH

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

new releases & grand openings

EAST FIFTY FIVE

By Lamb Dev. Corp. & Hyde Park Homes

GIBSON SQUARE

By Menkes

Spectacular modern residences coming soon to the lower east side. Register now to stay informed.

Web: East55condos.ca

New release of podium suites in North York City Centre, at Yonge and Park Home.

Web: Menkes.com

ART SHOPPE CONDOS + LOFTS

By Freed Developments Experience the art of living at Yonge and Eglinton. Register now.

Web: ArtShoppeCondos.com

Be part of Islington Terrace, destined to become the defining statement on Etobicoke’s skyline.

Web: Tridel.com

MINTO WEST SIDE

By Minto

RIVA DEL LAGO

By Monarch

Experience life on the west side at Minto’s new condominium, coming soon to Bathurst and Front Street. Register now.

Web: MintoWestSide.com

Riva del Lago is now open on the Etobicoke Humber Bay waterfront. Register now.

Web: MonarchGroup.net

THE PINNACLE ON ADELAIDE

By Pinnacle International

previews & registrations CITYLIGHTS ON BROADWAY

By Pemberton Group

A new pinnacle of living is coming soon to the corner of Pearl and John, in Toronto’s Entertainment District Web: PinnacleInternational.ca

INSIGNIA

By Castle Group

New condos at Yonge and Eglinton are coming soon. Register now.

Web: CityLightsCondos.ca

Refined elegance meets sophisticated living at Insignia located in the Bayview Village area.

Register now.

Web: InsigniaCondos.ca

MINTO YORKVILLE PARK

By Minto

TEAHOUSE

By Lanterra Developments

A highly anticipated condominium is coming soon to Toronto’s high-end Yorkville neighbourhood. Register now.

Web: MintoYorkvillePark.com

East meets West in this new Asian-inspired condominium located at 501 Yonge St. Register now.

Web: TeaHouseCondos.com

DESIGN HAUS

By Shiu Pong

THE NEST

By The Rockport Group

Design Haus is exceptionally designed and steps to everything Toronto has to offer.

Register now.

Web: MyDesignHaus.ca

Now under construction in Hillcrest Village.

Register now.

Web: TheNestCondos.com

THE RAVINE

By Urban Capital & ALIT Developments

RIVERCITY 3

By Urban Capital

City and nature come together at The Ravine.

Register now.

Web: TheRavine.ca

Urban Capital’s new condominium takes architectural innovation to new heights.

Register now.

Web: RiverCityToronto.com

THE SOUTHWOOD

By Streetcar

ZIGG CONDO

By Madison Homes & Fieldgate Homes

With its space, location and amenities, The Southwood is perfect for the modern family.

Web: TheSouthwood.com

Zigg Condo is now in preview sales. Get in while you can!

Web: ZiggCondo.ca

VIVID CONDOMINIUMS

By Pemberton Group

THE BOND CONDOMINIUMS

By Lifetime Developments

Vivid Condominiums at Bloor and Islington is the grand finale of a brilliant master-planned community. Register now.

Web: VividCondos.com

The Bond Condominiums is an urban sanctuary surrounded by endless choices of entertainment options.

Web: TheBond.ca

82 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

ISLINGTON TERRACE

By Tridel

PACE

By Great Gulf The final release of suites at Pace is now underway. Get all the details on this intensely urban and decidedly modern project.

Web: PaceCondos.com

PICASSO ON RICHMOND

By Monarch Picasso on Richmond is an urban icon located in the heart of the trendy Queen West neighbourhood.

Web: MonarchGroup.net

RESIDENCES OF 488 UNIVERSITY AVENUE

By Amexon Development Corp.

Presentation gallery is now open, showcasing this elegant 55-storey glass and steel tower on University Avenue.

Web: 488University.com

50 AT WELLESLEY STATION

By Plaza Conveniently located in the Yonge-Wellesley neighbourhood, this condo ushers in a new way of city living.

Web: PurePlaza.com

E CONDOS

By Bazis Located at Yonge and Eglinton, the final release of suites at E Condos will reflect the energy and style of this vibrant neighbourhood.

Web: Bazis.ca

LIVE FREE. LIVE BEAUTIFULLY.

ZERO MORTGAGE. ZERO CONDO FEES. ZERO TAXES. 100% AMAZING LIFE. E ENC

R LAW

.

AVE

$

900

499

TWO BEDROOM + DEN

$

900

Visit our sales centre today for more details!

W.

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299

ONE BEDROOM + DEN

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E. W. TON AV EGLIN E JAN ST.

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Perspective Condominiums 290 Scarlett Rd. Toronto, ON

t : 416 242 3500 f : 416 242 7924 e : info@perspectivecondos.com

Mon - Thurs : 1pm - 7pm

Fri : Closed

Sat - Sun : 12pm - 5pm

W. T. SS DA

N DU

Etobicoke

IN2ITION

For one year only. Based on one year estimate of total monthly condo fees, total monthly property tax and total monthly mortgage interest at 2.6% of an 80% mortgage. Live Free promotion commences upon occupancy. Purchaser responsible for hydro, closing costs, moving costs, other related purchase costs and personal monthly expenses. Exclusive listing Brokerage: In2ition Realty. Brokers Protected. Prices and specifications subject to change without notice. E. & O.E. This offer is not to be combined with any other offers. For qualified purchasers only. Limited time offer until March 31, 2015, that may be withdrawn at any time without notice. Please see a sales representative for details.

CONDO PROFILE

PIANOSI DEVELOPMENTS’ PERSPECTIVE CONDOMINIUMS Preparing to welcome first residents in 2015

W

ith the relatively minor amounts of snowfall so far this winter, construction is maintaining a good and steady pace at Perspective Condominiums, Pianosi Developments’ two 12- and 19-storey residences being built at Scarlett Road and Eglinton Avenue. The first tower is now topped off and installation of windows, interior walls, plumbing and electrical has begun, with work steadily progressing on the second tower.

Purchasers will begin to move into their new homes later this year, and to prepare purchasers with their moves and assist them ahead of this transitional period in their lives, Pianosi recently held a “Downsizing Seminar” event at the nearby Weston Golf and Country Club.

84 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Featuring a presentation by Linda J. Vanderkolk, principal lead organizer and project manager at ClutterBGone, the event provided information to Perspective Condominium purchasers who will be moving from a larger home into a condominium unit. The presentation provided useful tips on the benefits of downsizing and the basic principles and tips for maximizing space in condominium units.

Roughly 80 per cent of purchasers will be coming from approximately five kilometres away, choosing to stay in this neighbourhood enclave because of its many advantages. Those who know the area feel it’s one of the best neighbourhoods in Toronto, close to James Gardens Park and the mature natural beauty of the Humber River Valley, with its many walkways and miles of trails. The condominium is a quick commute to downtown, and minutes to major east/west and north/south highways, as well as Toronto Pearson International Airport.

Staying in the area while moving to a condominium lifestyle affords purchasers the best of both worlds, while now enjoying a maintenancefree lifestyle with no show shovelling or lawns to mow, and no roof repairs, window replacements or plumbing problems that may surface in an older home.

Those who know the area feel it’s one of the best neighbourhoods in Toronto, close to James Gardens Park and the mature natural beauty of the Humber River Valley, with its many walkways and miles of trails

Perspective Condominiums is being built only after exhaustive research and due diligence from Pianosi Development Corp., a family-owned and -operated, respected developer of exceptional residences, who has been building in the Greater Toronto Area for decades.

After hands-on planning meetings with neighbouring residents, Pianosi concluded the area was ready for luxury condominiums to accommodate the mature area residents who wished to stay in this neighbourhood. The project’s design fits seamlessly into the area.

Perspective Condominiums features larger-sized suites and each unit includes a balcony as an extension of residents’ personal space. Sixty per cent of the suites are two-bedroom designs and feature thoughtful touches like laundry tubs and side-by-side washer/dryers, and every unit comes with a generous storage locker.

The development features extensive green landscaping and a full package of social and engaging amenities including an indoor pool with access to an adjacent outdoor patio, state-of-the-art fitness centre, golf simulator, stylish media room with a fully integrated home theatre, and a billiards room. With average ceiling heights of nine ft. and high-end features, finishes and appliances, Perspective Condominiums is affordable, luxury living with units that are currently priced from just $295,900, including parking and a locker.

Pictured: Guest speaker Linda J. Vanderkolk, principal lead organizer and project manager at ClutterBGone (left) with Kent Fortune, owner’s representative, Pianosi Development Corp.

Photo by Arthur Mola Photography

For more information on Perspective Condominiums and to take advantage of today’s prices, visit online at perspectivecondos.com or call 416.242.3500.

The presentation centre is located at 25 Fontenay Court, and is open Monday through Thursday from noon to 6 p.m.; and Saturday and Sunday from noon to 5 p.m.

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 85

IN THE NEWS

Toronto to lead Canada in home price growth this year

By Wayne Karl

T

oronto is expected to lead Canada in home price growth in 2015, after being one of the strongest markets last year, according to the latest Royal LePage House Price Survey and Market Survey Forecast.

Across the country, average home prices showed modest to healthy year-over-year gains in most markets in the fourth quarter of 2014. During the quarter, the average price of a home in Canada increased between 4.5 per cent and 6.7 per cent year-over-year. Nationally, the average price of detached bungalows rose 6.7 per cent $406,218, while standard two-storey homes increased 6.0 per cent to $443,379, and standard condominiums saw a 4.5 per cent increase to $257,624. Against the backdrop of a decidedly mixed macroeconomic environment at home and abroad, Royal LePage expects home prices to increase moderately in 2015, forecasting a 2.9 per cent national increase for the year ahead.

Toronto will lead the price growth, as Royal LePage forecasts a 4.5-per-cent increase to $592,000 this year, up from $566,500 in 2014. While still healthy, this growth is down from an 8.1-per-cent, year-over-year jump from $524,089 in 2013.

In the fourth quarter of 2014, continuing low inventory and a lack of a winter slowdown saw significant increases across all major housing types in Toronto.

Detached bungalows rose 11.6 per cent to $647,535, while prices for standard two-storey homes increased 8.6 per cent to $745,062. Standard condominium prices saw an increase of 6.9 per cent year-over-year to $384,680.

“By and large, house prices across the country are now strolling versus bounding forward,” Phil Soper, president and chief executive of Royal LePage, told New Condo Guide. “We believe this moderating trend will characterize the 2015 market, and that in normal course, even our hottest markets will see eroding affordability ease overheated demand, bringing balance and more rational price increases.”

Ontario’s strengthened export economy is benefiting from America’s strongest period of economic growth and labour force expansion in 15 years,

2015 ROYAL LEPAGE MARKET SURVEY FORECAST Average house price % change MARKET Halifax Montreal Ottawa Toronto Winnipeg Regina Calgary Edmonton Vancouver National

PROVINCE NS QC ON ON MB SK AB AB BC

2015/2014 % CHANGE 0.5% 0.6% 1.8% 4.5% 0.4% -1.3% 2.4% 2.5% 2.8% 2.9%

86 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

2015 FORECAST 277,000 331,000 370,000 592,000 275,000 311,000 472,000 371,000 835,000 419,318

2014 275,500 329,000 363,600 566,500 274,000 315,000 461,000 362,000 812,000 407,500

2013 274,880 320,490 358,876 524,089 268,382 312,355 437,036 344,977 767,765 382,466

he says. Nearly three million joined the workforce in 2014. Further, a relatively weaker Canadian dollar makes Ontario’s goods and services a bargain south of the border, increasing company sales and bolstering consumer confidence.

“Unsatisfied demand from wouldbe Toronto homebuyers who were unsuccessful in the all-to-common bidding wars of 2014, should be back in market, supporting sales activity.”

And what should homeowners and prospective buyers make of recent statements by Deutsche Bank, and even the Bank of Canada, that Canada’s house prices are seriously inflated?

“Will prices collapse, as a few foreign investment banks have prophesized? That seems highly unlikely in a future characterized by low interest rates and a healthy economy, which is what we see,” says Soper.

Royal LePage forecasts a 4.5-percent increase to $592,000 this year, up from $566,500 in 2014. While still healthy, this growth is down from an 8.1-percent, year-over-year jump from $524,089 in 2013.

TEA.TIME. BOUTIQUE CONDO LIVING AT BAYVIEW VILLAGE FROM THE MID 200’S Welcome to Tea Garden Condominiums, located in the prestigious Bayview Village neighbourhood. An intimate boutique address graced with contemporary architecture and luxurious amenities. An urban oasis just steps to Bayview village, subway and parks!

REGISTER NOW AT TEAGARDENCONDOS.COM Brokers Protected. Prices and specifications are subject to change without notice. Illustration is artist concept. E .&O.E. FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 87

CONDO PROFILE

CONTRASTING ELEMENTS COMBINE INTO A THOROUGHLY MODERN WHOLE Excitement and serenity at Minto Westside

T

ake one of Toronto’s original warehouse districts, add the integrated energies of three cutting-edge design teams under the inspiring leadership of Minto Communities, and the result is a development that is keenly anticipated. Located at the synergetic corner of Front and Bathurst, Minto Westside is reinterpreting the best of big-window, warehouse-style living with every modern predilection front of mind.

88 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Architecture that blends in, but confidently uses timeless and bold materials in concert with the highest technology innovations.

From Westside’s multiplicity of window sizes “punched” into gleaming “street wall” panels, arrayed beneath a gently sloping roofline, comes a feeling that’s not just Toronto at its best, it’s world-class. This is the condominium rewired to meet the needs of residents coming home to where the easy-going waterfront meets the sizzle of the Fashion District, with an airport they can walk to and more cafes than they can count.

“Life in the city is often hectic and complicated,” says Amanda Wilson-Watkins, vice-president of marketing and sales at Minto Communities Canada. “Minto Communities has always had a mandate to create strong and livable buildings. The goal with Minto Westside is complete living with a smooth transition from private to public spaces. We thought hard about how to provide connection and seclusion – better yet, a totally contemporary combination of the two. No home today would be welcoming without these modern, mutable spaces.”

From the street, the building is an expressive structure of angled columns and brightly coloured walls that create a dramatic presence. Recessed, privacy-enhancing balconies with access to brilliant amenities create the perfect oasis. Welcome to the Westside Club. On the third floor is a state-of-the-art gym and interior/exterior entertainment and lounge spaces that flow from barbecues to dining. The Plunge Social, a roof terrace, occupies the 10th floor with a stunning pool, flanked by two indoor lounges and a bar area for socializing.

Acclaimed Wallman Architects worked with Minto to explore urban scale with sensitivity and insight. “Collaborating with Minto on Minto30Roe, we’ve built a track record for landmarks that residents treasure for their intelligent elegance. Engaging, provocative, practical and sustainable, Minto Westside is no exception,” says Wallman Architects principal Rudy Wallman.

The modern desire for community combined with the need for individuality is fulfilled beautifully with Minto Westside’s expansive courtyard. “We loved the idea of two arms enclosing a European-inspired courtyard,” says landscape architect Paul Ferris of Ferris and Associates.

“We brought in sculpture and native plant material organized to provide something serene and classic, with elements of water, stone, fire, shelter.” Retreat from the street in the central Westside Courtyard, with another courtyard along Westside’s eastern boundary geared to private dining.

Acclaimed interior designers Burdifilek were equally invigorated

by Minto Westside’s courtyard’s seamless play between sophistication and nature, amply reflecting the firm’s respect for authenticity and depth. “The one-size-fits-all approach is no longer relevant or acceptable,” notes Paul Filek. “Today’s urban professional is too educated to be happy with anything less than a perfect, cultured finish. Our scope is international by necessity.”

Past Fort York to Lake Ontario, or down into your European-inspired urban oasis, the Minto Westside lifestyle can’t be beaten. Public transportation in every direction, thousands of businesses a walk away, with nightlife, parks and neighbours in perfect proximity. It’s a condo rewired: a hyper-functional, indoor/outdoor, private/public nest right where the best of the everchanging west intersects. Live here.

Be everywhere. Coming soon to Front and Bathurst. Starting from the low $200’s.

Register today at mintowestside.com.

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 89

Harmony Village Wishes You a Happy Chinese New Year!

Construction Starting Soon!

Whether it's the beautiful suites and thoughtful floorplans or amenities you can explore and enjoy, there are plenty of reasons to love Harmony Village Sheppard.

HarmonyVillage.ca 416.493.0123

Exclusive listing brokerage Baker Real Estate Incorporated.

Brokers protected. Prices and specifications are subject to change without notice.

Illustration is artist concept. E.&O.E.

Site Location: 3260 Sheppard Ave. E.

D ITE NLY LIM E O CK TIM $ A B O SH T A UP

0 0 0

, 15

C

COME SEE WHY WATERMARK IS MAKING WAVES ON THE ETOBICOKE WATERFRONT.

4 FULLY FURNISHED MODEL SUITES NOW OPEN Immediate Occupancy • $10,000 Deposit • Free Parking • Free Locker Storage Over $40,000 in Upgrades Included in Price

Starting from the mid $300’s

All prices & specifications are subject to change without notice.

E.&O.E. All Illustrations are artist’s concept only. Brokers Protected

Long Branch

3563 Lake Shore Blvd. W., Monday to Wednesday 12 pm to 7 pm Saturday, Sunday & Holidays 11 am to 6 pm 416.354.2221 I queenscorp.com

N

Brown’s Line

Presentation Centre

Kipling Ave.

The Most Outstanding Mid-Rise Building

Thirty Fifth St.

Ontario Home Builders’ Association Award Winner

Lake Shore Blvd. W.

MAKE YOUR MOVE

With a move, it’s all in the timing

By Chuck Resnick

T

iming is everything, and when it comes to ensuring a successful move, that statement rings true.

Even if it’s not “everything,” using some careful planning and forethought helps “everything” happen efficiently. The point is, as soon as you decide to move, start your thinking process, explore your options and take action.

First, are you going to move yourself, or will you hire movers? It’s best to book the truck or the moving company at least a month ahead, and preferably more. Keep in mind that because of more cooperative weather, late spring, early summer and early fall are the most popular times of the year for moves.

If you wait too long to book, you may have trouble getting someone during those seasons. Keep in mind, June 30 is the busiest moving day of the year!

Next, are you going to pack or take advantage of professional packing services? If you are thinking DIY, start collecting/buying boxes and packing material. Remember that professional movers usually sell standard-size boxes that are sturdy and easy to stack, as well as paper that can protect your items without leaving newsprint behind.

Last, but not least, what do you want/need to move? Now is the time to purge all of those unnecessary items that have been at the back of your closets for months, and often years. The less “stuff” you move, the easier and less expensive it will be.

Following is a handy reference for what to do, and when:

companies you use for services such as cleaning and lawn maintenance. » Mail out change-of-address cards.

The day before the move… » Clean out, defrost and dry the fridge and freezer. » Get to a bank or bank machine and take out enough cash to tide you over. » Pack a last-minute essentials bag/box. » Arrange for children and pets to be looked after elsewhere on moving day.

On moving day… » Double and triple check rooms, closets, the garage and basement to ensure that you have all of your things and the areas are left clean. » Don’t forget to carry your own (family’s) valuables, cash and items relevant to the move, and all other important documents.

A month before the move … » De-clutter, sort, pitch, give away, donate to charity, host a yard sale – whatever – but pare down your stuff. » Obtain change-of-address cards from your local post office. » Notify magazines, insurance companies, banks, credit card companies, schools and employers of your change of address. » Start using up food and perishables to minimize what you throw out on moving day. » If you are moving to a new home or condo that includes appliances, ask for the owner’s manuals ahead of time.

2 weeks to 1 week in advance… » Make a “survival closet” of items you will need to clean the place once furniture is moved (broom, dustpan, cleansers), and even snacks that you can grab quickly during the process. » Either start packing or make sure your mover begins. Label boxes as you pack with both the contents and which room each will go into at your new digs. Write the destination room on the top and sides of each box. » Schedule disconnects for utilities and phone, but make sure you still have the use of your phone line on moving day. At the same time, arrange for hook-ups at the other end. » Cancel newspapers, cable TV, security system monitoring and any 92 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

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

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94 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

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50%

™

SOLD

ARAGON.CA

™

ARAGON.CA

THINKFORWARD™ ARAGON.CA

LIVEFORWARD™ ARAGON.CA

ENIGMA ON THE PARK r St W

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Enigma on the Park is now over 50% sold. Construction has started, and the Presentation Centre will be moving to Bloor Street by Spring 2015. Enigma represents more than a subtle shift in urban planning and architectural design practices. It’s a revolution that begins with these 86 parkside loft style condos and townhomes located in the heart of the connected Bloordale neighbourhood. With direct access to the Go Train, expressway and metro lines, the opportunity to be a part of the best in urban design won’t last long—homes range from studio suites at $233,900 to penthouses starting at $361,900.

Register today at aragon.ca/enigmalofts. Call or visit: 138 St. Helen’s Ave, 416.516.1551.

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Presentation Centre ge St

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Dundas St W

#ARAGONFORWARD

Aragon Properties Ltd.

*Prices and availability subject to change or be withdrawn without notice and do not include taxes. E&O.E.

YOU DON’T LIVE IN DESIGNFORWARD A BOX. THAT’S WHY WE’RE THINKING MOVEFORWARD OUTSIDE OF IT.

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

# Builder 2 Great Gulf 6 Cresford Development Corp.

7 The Daniels Corporation 11 Menkes Developments Inc. 11 Menkes Developments Inc. 12 Streetcar Development 17 Rockport Group 18 Monarch Corporation 18 Urban Capital 20 Menkes Developments Inc. 22 Monarch Corporation 23 Tribute Communities 26 Bazis Inc. 27 The Daniels Corporation 35 Menkes Developments Inc. 35 Menkes Developments Inc. 48 Minto Communities Inc. 48 Madison Homes 48 Fieldgate Homes 49 Lanterra Developments 50 Cresford Development Corp.

52 Cresford Development Corp.

52 Cresford Development Corp.

58 Great Gulf 61 Minto Communities Inc. 65 Aragon Properties 67 Pemberton Group 68 Lamb Development Corp.

73 Diam Developments 74 Daniels Corp.

79 Freed 99 Great Gulf 124 Pinnacle International 131 Lanterra Developments 140 Eden Shaw 140 45 Charles Ltd. 149 Camrost - Felcorp 150 Aspen Ridge Homes 162 Pianosi Developments 190 Cresford Development Corp.

202 Bazis Inc. 202 Rio Can 202 Metropia 222 Lamb Development Corp.

2 Concord Adex 3 Concord Adex 3 Concord Adex 3 Concord Adex 3 Concord Adex 4 Gairloch Investments 4 Centrestone Urban Developments Inc. 5 Onni Group of Companies 5 Onni Group of Companies 5 Concord Adex 6 Cresford Development Corp.

6 Cresford Development Corp.

7 The Daniels Corporation 8 Cresford Development Corp.

9 Aspen Ridge Homes 9 Cityzen 10 Empire Communities 11 Tridel Corporation 12 North Drive Investment 13 Streetcar Development 14 Canalfa Group 15 Tridel Corporation 16 Freed 18 Urban Capital 18 Urban Capital 19 KIngstone Road Development 21 Greenland Group *TH: Townhomes, C: Condo

Site Telephone TH* C* Price Range Page Finder Yonge+Richmond 416-499-8883 • from $330,000 19 16K Merton Yonge Condominiums 416-484-1900 • from $450,000 120 14e High Park Condominiums 416-351-1844 • from $300,000 25 8L Pears on the Avenue 416-323-0100 • from $420,000 Insert 14I 365 Church 416-591-7700 • from $242,000 Insert 14I The Southwood 416-750-7506 • from $300,000 43 23D The Nest 416-223-0003 • from $250,000 73 11H Riva del Lago 416-495-3544 • from $300,000 Insert 24c RC3 416-862-0505 • • from $220,000 39 18L Fabrik 416-591-7700 • from $350,000 Insert 14M Picasso on Richmond 416-495-3549 • from $400,000 Insert 14M The College 416-363-4800 • from $336,000 51 M14 No1 Yorkville 416-519-2911 • from $360,000 3 15I One Park Place South Tower 416-955-0559 • from $250,000 15 18k 87 Peter 416-591-7700 • from $282,000 Insert 15M The Eglinton Yonge at Heart menkes.com • Insert 15D Yorkville Park mintoyorkvillepark.com • • from $420,000 23 14J Zigg St.Clair West 416-545-0223 • • from $320,000 65 14J Zigg St.Clair West 416-545-0223 • • from $320,000 65 14J Teahouse 416-861-1111 • from $200,000 11 16K VOX 416-485-3000 • 120 15J CASA 2 416-486-2272 • from $350,000 120 15L CASA III 416-486-2272 • from $390,000 120 15L Monde 416-466-8885 • from $310,000 19 17M West Side mintowestside.com • • from $190,000 47 13M Enigma on the Park 416-516-1551 • from $234,000 95 9L Citylights on Broadway 905-326-4100 • from $200,000 9 14D East Fiftyfive 416-368-5262 • from $260,000 55 17L On The Danforth onthedanforthcondo.com • from $250,000 75 23G The Bartholomew Downtown East 416-955-0559 • from $220,000 Insert 18K Art Shoppe Condos artshoppecondos.com • from $200,000 71 14D One Bloor Residences 416-922-0081 • from $620,000 19 15I The Pinnacle on Adelaide 416-596-1600 • from $350,000 93 15M Riverhouse at the Old Mill 416-766-7343 • from $518,000 14 5L Chaz Yorkville Condos 416-922-0045 • from $300,000 27 16J Chaz Yorkville Condos 416-922-0045 • from $300,000 27 16J Blue Diamond at Imperial Plaza bluediamondcondos.ca/cg • from $300,000 1 15I Studio on Richmond 647-352-7736 • from $300,000 53 15M Perspective Condos 416-242-3500 from $300,000 83 4H 1000 Bay 416-485-3000 • from $390,000 IBC 15J E Condos 416-243-8688 • from $360,000 5 14D E Condos 416-243-8688 • from $360,000 5 14D E Condos 416-243-8688 • from $360,000 5 14D The Harlowe 416-363-1771 • from $276,000 57 15M FWD at Concord CityPlace 416-813-0999 • • 13F Quartz at Concord CityPlace 416-813-2999 • • 15M Spectra at Concord CityPlace 416-813-0999 • • 15N Grand Parade 2 at Concord CityPlace 416-813-0999 • 15M Parade TWO Park Collection at Concord CityPlace 416-813-0999 • from $308,000 15M 383 Sorauren 383sorauren.com from $265,000 9M 383 Sorauren 416-588-0383 from $265,000 9L Garrison at the Yards 416-260-2600 • from $190,000 14n West Lake 416-260-2600 • from $240,000 14N Newton at Concord CityPlace 416-813-0999 • 12F NXT2/Phase Two 416-977-5300 • • from $210,000 5F NXT at Windermere By the Lake 416-977-5300 • • from $350,000 5F The Parkside Collection 416-351-1844 • from $700,000 8L NXT 2 416-977-5300 • • from $300,000 8N VU 416-970-9500 • • from $370,000 16L Riverside in Pine Grove 416-746-1234 3F The HUB 416-784-3482 • from $250,000 9F Sherwood at Huntington 416-485-1900 • from $1000,000 18G 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 101 Erskine 416-480-0700 • from $286,000 14D 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 $500,000 18L The Glen 416-694-3333 • from $255,000 23H King Blue Condos 416-599-1355 • from $215,000 12N

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

Builder

*TH: Townhomes, C: Condo

Site

Telephone

TH* C*

Price Range

Page

Ten York 416-596-9888 • from $1020,000 Axiom Condominiums 647-352-4077 • from $225,000 Spadina Queen 416-661-1949 • from $350,000 One Yorkville 416-519-2911 • from $475,000 Water Tower at Eau Du Soleil 416-503-3328 • from $350,000 Eau Du Soleil Waterfront Condominiums 416-503-3328 • from $350,000 Success Tower at Pinnacle Centre 416-360-0673 • from $750,000 33 Bay Residences at Pinnacle Centre 416-925-3325 • from $375,000 Totem Condominium 416-792-1877 • from $320,000 The Madison 416-482-8090 • from $420,000 Riverside Towns 416-368-5262 • from $460,000 Fuse Condos 416-534-4444 from $220,000 Lofts 399 416-867-3999 • from $590,000 Dundas Square Gardens 416-645-8575 • from $200,000 Brocton Commons greatgulf.com/brocton • from $370,000 Garrison Point garrisonpoint.ca • from $250,000 The Barrington Condominiums Flats 416-410-4444 • from $350,000 Howard Park 2 416-873-0989 • The Upper House Condos in Leaside 416-425-1800 from $350,000 Alter 416-645-4599 • from $250,000 Palatial Collection 416-925-3325 • from $800,000 Milan 416-928-7409 • from $520,000 The PJ pinnacleinternational.ca • from $300,000 Aqualina at Bayside 416-514-2710 • from $350,000 Aquavista at Bayside Toronto 416-514-2710 • from $1000,000 11 Wellesley 416-861-1111 • from $250,000 The 500 Condos + Lofts 416-960-0606 • from $400,000 King West 416-367-5464 • from $210,000 775 King West 416-367-5464 • from $330,000 Riverside Square 416-466-4466 • from $200,000 3018 Yonge In Lawrence Park 416-787-8882 • from $390,000 B Streets 416-532-6636 from $635,000 Liberty Central by the Lake 416-537-0047 • • The Uptown Residences 416-987-3500 • from $950,000 The Selby theselbycondos.com • The Brant Park 416-368-5262 • from $262,000 Foundry Lofts 416-531-7760 from $399,000 The Brownstones 5 416-531-7760 • from $350,000 Brownstones 416-531-7760 • from $305,000 Design Haus mydesignhaus.ca • from $250,000 The Upper Canada Condominium 416-489-5194 • from $1800,000 The Upper Canada Condominiums 416-489-5194 • from $1.8,000 2221 Yonge 647-350-2221 • from $320,000 East Condos & Lofts 416-368-5262 • from $310,000 Schoolhouse 416-979-1333 • from $595,000 Flatiron Lofts 416-368-5262 from $243,000 300 Front Street West 416-217-0300 • from $324,000 Atmosphere 416-217-0300 • from $1200,000 One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 Pier 27 Waterlink 416-367-3456 • from $800,000 Gooderham Condos at The Distillery 416-361-1322 • from $390,000 The King East 416-368-5262 • from $435,000 King West 647-341-1731 • from $346,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 Market Wharf 416-861-8181 • from $260,000 Library District Condominiums 416-861-8181 • from $222,000 Brownstones in Davenport Village 416-531-7760 from $245,000 Brownstones on the Park 416-531-7760 • from $260,000 Charlie 416-927-9772 • from $960,000 Ivory On Adelaide 647-341-1731 • from $279,000 Exhibit 416-967-7778 • Exhibit 416-967-7778 • Exhibit 416-967-7778 • U Condominiums 416-546-6605 • from $750,000 The Urban Townhome Collection 416-546-6605 • from $1899,000 One Park West 416-955-0559 • from $406,000 One Park Place Condominiums 416-955-0559 • from $200,000 Festival Tower 416-203-2020 • from $350,000 X2 416-927-0080 • from $500,000 X2 416-927-0080 • from $303,000 Bisha Hotel & Residences 416-637-2211 • from $274,000 88 Scott 416-216-8588 • Art Condos 416-535-7775 • from $530,000 Two Old Mill 416-645-7022 • from $356,000 Old Mill 416-645-7022 • from $450,000 RCM I on University 647-351-9247 • from $393,000 Queen & Portland 416-363-4800 • from $315,000 5 St. Joseph 416-928-0555 • • from $250,000 5 St. Joseph 416-928-0555 • • from $250,000 Post House Condominium 416-964-2777 • from $350,000 12 Degrees 416-408-1200 • from $350,000 The Berwick 416-922-9425 from $280,000 The Mercer 416-597-6940 • from $350,000 Imperial Plaza 416-925-2501 • from $986,000 Yorkville Plaza 416-966-3003 • Yorkville Plaza II 416-966-3003 • Backstage on the Esplanade 416-777-2533 Backstage on the Esplanade 416-777-2533 Vero 416-798-7070 from $250,000 Tableau Condominiums 416-591-8887 • • from $450,000 Tableau Condominiums 416-591-8887 • • from $350,000 Tableau Condominiums 416-591-8887 • • from $350,000 Carmelina 416-423-8500 • from $325,000 The Yorkville Condominiums 416-987-3344 • • from $550,000 The Bond Condominiums 416-546-7525 • • L Tower 416-777-2533 • from $410,000 thirtytwo Camden 416-860-0060 • from $240,000 8 Gladstone 416-690-9009 • from $335,000 133 Hazelton Residence 416-926-9900 • 210 Simcoe 416-217-0210 • from $420,000 Five Condos 416-928-0555 • • from $375,000 Five Condos 416-928-0555 • • from $375,000 Rise 416-546-7399 • • from $290,000 Model Suite of the Month • Neon 416-987-7878 • from $470,000 The Carlaw 416-690-8588 • from $200,000 Allure Condominiums 416-487-7600 • from $350,000 Cinema Tower Condominiums 416-203-2020 • from $450,000 FAD Condos 416-815-1818 • from $250,000 30 Roe 416-915-3812 • from $350,000 INDX 416-987-4639 • INDX 416-987-4639 • The Carnaby 416-690-9009 • from $250,000 Noir 416-977-8780 • from $250,000 90 Niagara 416-981-0036 from $347,000 SIXTY Colborne 416-601-0060 • from $300,000 SIXTY Colborne 416-598-7775 • from $300,000 Upper Beach Townes 416-693-7500 • from $390,000 The Massey Tower 416-966-0197 • • from $320,000 109OZ 416-531-4844 • from $300,000 The Sterling 416-777-2533 • • from $230,000 Canary District Condominiums 416-603-7576 • from $250,000 Canary Park Condominiums 416-603-7576 • from $250,000 Wallace Walk 416-531-1818 • from $210,000 TEN93 Queen West 416-546-6355 • from $280,000 TEN93 Queen West 905-326-4100 • from $280,000 Smart House 416-292-0219 • from $438,000 Smart House 416-292-0219 • from $438,000 Duke Condos junctionlife.ca King Charlotte 416-368-5262 • from $416,000 Theatre Park 416-368-5262 • from $537,000 FWD at Concord CityPlace 416-813-0999 • •

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Finder 12F 17L 15D 15I 25B 25B 17m 17m 15H 14E 19L 9k 14L 17k 11L 13N 12H 9L 18D 16J 16M 15I 15L 18N 18N 15J 17I 14M 14M 19L 14B 13J 11F 16J 16J 14M 9I 9I 9I 14K 14G 14G 14D 16M 13i 20J 15M 15M 13M 13M 13M 17N 18L 18L 13N 15I 15I 14J 17M 17M 9j 9J 14M 17L 14i 14i 14i 15K 15K 18J 18J M14 16J 16J 16m 17M 12N 5L 5L 14M 15I 16J 16J 16L 15L 14E 15M 15I 15I 15I 17M 17M 17M 15L 15L 15L 23J 15G 15G 17L 14L M12 14I 15M 15J 15J 12H 12H 14D 19K 14F 14M 14M 14E 16M 16M 12M 15M 14O 16L 16L 24G 16L 12M 9L 18L 18L 9L 12F 12F 15L 15L 8K 15M 16M 15M

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

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

torontoregionalmaps: Toronto, East York, York

#

22 Tridel Corporation 24 Greenpark Homes 25 Tridel Corporation 26 Bazis Inc. 28 Empire Communities 28 Empire Communities 29 Pinnacle International 29 Pinnacle International 31 Worsley Urban Partners 32 Madison Homes 33 Lamb Development Corp.

36 Neudorfer Corporation 37 Cresford Development Corp.

38 Easton’s Group 39 Great Gulf 40 Fernbrook Homes/Cityzen Dev. 41 Lash Group of Companies 42 Triumph Developments 43 K-CAP Laird Inc. 44 Tridel Corporation 45 Pinnacle International 46 Conservatory Group 47 Pinnacle International 51 Tridel Corporation 51 Tridel Corporation 53 Lanterra Developments 54 Times Developments Inc. 55 MintoUrban Communities Inc. 55 MintoUrban Communities Inc. 56 Streetcar Development 57 Lanterra Developments 59 Lindvest 60 Canalfa Group 62 Pemberton Group 63 Fernbrook Homes/Cityzen Dev. 64 Lamb Development Corp.

66 E-Park Development 66 Emsatec Canada Inc 66 Neudorfer Corporation 69 Shiu Pong Development Ltd. 70 Madison Homes 70 State Building Group 71 Tower Hill Development Corporation 72 Harhay Developments 78 Empire Communities 81 Lamb Development Corp.

83 Tridel Corporation 84 Tridel Corporation 85 Harhay Developments 85 Carttera 85 Carttera 88 Fernbrook Homes/Cityzen Dev. 94 DHD Developments 101 Lamb Development Corp.

102 Plaza 103 Menkes Developments Inc. 103 Lifetime Developments 104 Aspen Ridge Homes 106 Context Development Inc. 106 Context Development Inc. 109 The Brownstone Group of Companies 109 The Brownstone Group of Companies 110 Great Gulf 114 Plaza 117 Bazis Inc. 117 Metropia 117 Plaza 118 Pemberton Group 118 Pemberton Group 120 The Daniels Corporation 120 The Daniels Corporation 122 The Daniels Corporation 126 Great Gulf 126 Lifetime Developments 128 Lifetime Developments 129 Concert Properties 130 Triangle West Development 131 Tridel Corporation 131 Tridel Corporation 133 Tribute Communities 134 Tribute Communities 135 Graywood Developments 135 Mod Developments Inc. 137 Alterra Homes/Finer Space 141 BSaR Ltd 142 Andrin Homes 148 Graywood/Beaverhall Development 149 Camrost - Felcorp 149 Camrost - Felcorp 149 Camrost - Felcorp 151 Cityzen 151 Fernbrook Homes 151 Fernbrook Homes 153 Urban Capital 153 Malibu Investments Inc. 153 Alit Developments 154 Tre Memovia Developments 155 Lifetime Developments 155 Lifetime Developments 157 Castlepoint/Cityzen/Fernbrook 165 Sorbara Group 170 Streetcar Development 173 Mizrahi | Khalili Developments 175 Sorbara Group 179 Graywood Developments 179 Mod Developments Inc. 184 Reserve Properties 184 Reserve Properties 185 Pemberton Group 186 Streetcar Development 188 Greenpark Homes 189 The Daniels Corporation 191 Tri-Win Developments Inc 192 MintoUrban Communities Inc. 195 Lifetime Developments 195 Centre Court Development 197 Streetcar Development 198 Menkes Developments Inc. 199 Fieldgate Homes 200 Freed 200 Carttera 201 Solotex 206 Mod Developments Inc. 207 Reserve Properties 210 Castlepoint/Numa 215 Dundee Kilmer Developments 215 Dundee Kilmer Developments 217 Torbel Group 217 Pemberton Group 217 Baywood Homes 218 Malibu Investments Inc. 218 Urban Capital 219 TAS DesignBuild 220 Lamb Development Corp.

221 Lamb Development Corp.

223 Concord Adex

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Concord Adex Sorbara Group Ghods Builders Inc. Phantom Developments Menkes Developments Inc. ELAD Canada Liberty Development Corp.

Concord Adex Torbel Group YYZed Project management Tiffany Park Homes Tridel Corporation Tridel Corporation Lindvest Concord Adex Concord Adex Concord Adex Concord Adex Fram Building Group Conservatory Group Bazis Inc. metropia Plaza Castle Group Torbel Group Tridel Corporation Context Development Inc. metropia Tridel Corporation Castle Royale Development Norstar Group of Companies MintoUrban Communities Inc. Devron Developments Aspen Ridge Homes ELAD Canada ELAD Canada ELAD Canada Kantium Development Lanterra Developments Lanterra Developments Lanterra Developments Brandy Lane Homes Tridel Corporation Fram Building Group The Daniels Corporation The Daniels Corporation Tribute Communities Fram Building Group/Cadillac Fairview

*TH: Townhomes, C: Condo

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TH* C*

Price Range

Page

Omega on the park 416-813-2999 • • 30-31 Beacon beaconcondos.ca • from $290,000 59 5959 Yonge Street 416-222-5959 • from $289,000 61 Tea Garden Condos teagardencondos.com • from $250,000 87 Gibson Square 416-730-9722 • from $836,000 Insert Emerald City Condominiums 416-492-0001 • from $250,000 63 World on Yonge 905-771-7010 • from $284,000 37 Opus 416-813-2999 • • The Avanti Condominiums 416-636-0400 from $390,000 VISTO vistocondos.ca from $220,000 Westhaven 416-792-6655 • from $633,000 Hullmark Centre 416-733-2883 • from $524,000 Aristo at Avonshire 416-730-0300 • from $383,000 The Brownstones at Westown lindvest.com from $330,000 Tango at Concord Park Place 416-813-2999 • • from $236,000 Discovery at Concord Park Place 416-813-2999 • Discovery II at Concord Park Place 416-813-2999 • • from $210,000 Tango2 at Concord Park Place 416-813-2999 • from $265,000 SOUL mysoulcondos.ca from $250,000 Pearl 2 Condominiums 416-512-1818 • Emerald Park 416-221-8802 • from $188,000 Emerald Park 416-221-8802 • from $188,000 Emerald Park 416-221-8802 • from $188,000 Insignia Residences at Bayview Village 416-304-1212 from $350,000 Diva Condo DivaCondo.com from $225,000 Argento 416-663-1818 • from $562,000 The Yorkdale Condominiums 416-781-9990 • from $170,000 The Yorkdale Condominiums 416-781-9990 • from $170,000 Alto at Atria 416-645-8866 • from $288,000 The Palm Condominium Residences 416-306-1000 • from $400,000 Portrait Condominiums 416-282-9600 • from $300,000 88 416-915-3805 • from $325,000 Flo Condominiums 647-799-0356 • from $250,000 Scenic on Eglinton 416-805-1781 • Dreamtower At Emerald City 416-492-0001 • from $248,000 Biyu Emerald City biyucondos.com • from $250,000 The Colours of Emerald City coloursofemeraldcity.com • from $250,000 Posh Condominiums 905-771-0134 • from $544,000 Treviso Condominiums 416-787-8882 • from $250,000 Treviso II 416-787-8882 • from $250,000 Treviso III 416-787-8882 • from $250,000 The Station 416-398-9777 • from $420,000 Trio at Atria 416-645-8866 from $255,000 LIV Lofts 416-445-5638 • from $250,000 NY Place 416-221-3939 • from $250,000 NY2 416-221-3939 from $250,000 Canterbury 647-352-2130 • • from $700,000 Flaire Condos 416-445-8868 • from $320,000

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Finder 22C 17C 18A 19C 17C 24C 18A 22C 17C 8E 23G 18D 18D 4C 22C 22C 22C 22C 25C 17C 17C 17C 17C 20C 11C 22e 12E 12E 25D 17B 13C 18c 18c 24C 24C 24C 16A 12F 12F 12F 12D 24C 22F 19C 19C 19F 22F

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

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

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34 Bloor St W

d

Dundas St W

35 Queensway

22

46

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

70

11 56 4 39 37 6 33 17 18 19

Gardiner Expressway Evans Ave 2

Horner Ave

h

50 8 5 51

Park Lawn

QEW

16

Royal York Rd

Scarborough

9

*TH: Townhomes, C: Condo

25

1

7

Builder Tridel Corporation Concert Properties Monarch Corporation Menkes Developments Inc. Citycore Queenscorp Residences Liberty Development Corp.

Monarch Corporation Pemberton Group Tridel Corporation Insoho Developments Stanton Renaissance Stanton Renaissance Devron Developments Lemine Investment Group Monarch Corporation Monarch Corporation Conservatory Group Great Gulf Menkes Developments Inc. Wilkinson Developments Lash Group of Companies Carttera Camrost - Felcorp Camrost - Felcorp National Homes Averton Homes Infinity Developments Esquire Homes Times Group Corp.

ICON Homes Henderson Development Limited Menkes Developments Inc. Monarch Corporation Empire Communities Edilcan Development Corp.

Tridel Corporation Amexon Development Corporation Tridel Corporation Remington 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

24

nR

62

401

15 60

23

Finch Ave W

Re

14

# 8 16 18 22 23 25 28 39 50 55 1 2 2 3 3 4 5 6 7 7 9 10 10 11 11 12 13 14 15 17 19 20 21 29 33 34 35 37 44 46 51 55 56 60 61 61 62 65 70 71

21 22

Ranforth Dr

Av e

20

Humberline Dr

Da nf or th

19

xd

Centennial

sto

Manse Rd

28

18

East Ave Port Union Rd

n

Galloway Rd

Ki

17

Passmore Ave

lva

Sy

16

427

RD

ng

Ki

15

Beare Rd

Orton Park Rd

Markham Rd

St. Clair Ave

Scarborough Golf Rd

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

Victoria Park

g

McCowan Rd

Brimley Rd

Lawrence Ave E

3

n Dr

orto

Brim

Eglinton Ave E

f

71

Bellamy Rd

Kennedy Rd

Warden Ave

Birchmount Rd

Pharmacy Rd

e

61

Progress Ave

29 20

14

Sheppard Ave E

Morrish Rd

55

Ellesmere Rd

d

401 Midland Ave

401

Milner Ave

Conlins Rd

13 23

13

Meadowvale Rd

Sheppard Ave E

Ave

Morningside Ave

evin

McL

12 Reesor Rd

Huntingwood Dr

c

11 Sewells Rd

Finch Ave E

b

10

Neilson Rd

McNicoll Ave

9

Tapscott Rd

McCowan Rd

A

6

65

25

Lakeshore Blvd W

Site Telephone TH* C* Price Range Page Finder Islington Terrace 416-645-8862 • from $250,000 BC 23F The KIP District thekipdistrict.com • from $249,000 67 22F Lago 416-495-3544 • from $200,000 Insert 25c Humber Mews 416-259-2525 • from $550,000 Insert 20H Harmony Village 416-493-0123 • 90 2C Watermark 416-354-2221 • from $350,000 91 23H Terrace on Danforth 416-987-7575 • from $253,000 37 2G Waterscapes 416-495-3544 • from $400,000 Insert 26H Vivid Condos 416-239-8200 • from $250,000 8 23F Avani 2 At Metrogate 416-293-5535 • from $220,000 IFC 4C Imagine Condos 416-367-7303 from $235,000 4F On The Go Mimico 647-692-8417 • from $250,000 23H On The Go 647-692-8417 • from $250,000 23H The Academy academycondos.com • from $220,000 10D The Academy academycondos.com • from $220,000 10D Nautilus at Waterview 416-203-6636 • from $400,000 25H The Epicurean 416-495-3530 • from $250,000 24F Altitude 416-321-1659 • from $230,000 25H One Sherway Condominiums 416-695-3535 • from $280,000 20G One Sherway Condominiums 416-695-3535 • 20G Hunt Club Terrace 416-698-3020 • 2H Cloud 9 Condominiums 416-747-0199 • from $230,000 22B Cloud 9 Condominiums 416-800-0812 • from $230,000 22B ilofts at Mystic Pointe 416-251-8888 • from $310,000 25G California Condos 416-251-8888 • from $242,000 25g Richview 416-746-1234 • from $570,000 23D Jasmine Condominiums 416-702-1234 • from $250,000 2C Residences at The Hunt Club 416-699-1711 • from $300,000 2G Three Seven Condos & Lofts esquirehomes.ca • from $210,000 12D Key West Condominium keywesttorontocondo.com from $320,000 25H Royal York Urban Towns 416-901-0206 • from $220,000 24H Centro 416-296-1898 • from $185,000 5D Dwell City Towns 416-259-2525 • from $390,000 20F Encore 416-495-3544 • 6D Beyond The Sea Star Tower Condominiums 416-979-1333 • • from $400,000 24H Triumph at Valhalla 416-233-5554 • from $250,000 21F Parc Nuvo at Essex 416-231-0999 • from $456,000 22g South Beach 416-252-3000 from $209,000 25H West Village 416-620-1887 • from $290,000 20F Park Towers at IQ 416-253-5838 • from $170,000 23G 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 25G 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 $250,000 8D

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

torontoregionalmaps: Scarborough, Etobicoke

99

2

3

4

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

100

#

Builder

1

Menkes Developments Inc.

TH* C*

Price Range

Harbour plaza

416-591-7700

•

from $350,000

12 STREETCAR

The Southwood

416-750-7506

• from $300,000

43 23D

18 URBAN CAPITAL

RC3

416-862-0505

• from $220,000

39 16F

2

Concord Adex

FWD at Concord CityPlace

416-813-0999

• •

13F

3

Concord Adex

Quartz at Concord CityPlace

416-813-0999

• •

12F

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

4 tridel corporation

AquaVista at Bayside Toronto

416-514-2710

• from $1,000,000

16E

5

Cresford Development Corp.

NXT at Windermere By The Lake

416-977-5300

• • from $350,000

11f

5

Cresford Development Corp.

NXT2/Phase Two

416-977-5300

• • from $210,000

4E

8

CONCORD ADEX

Spectra at Concord CityPlace

416-813-0999

• •

14F

10 Great Gulf

Twenty Lombard

416-499-8883

• from $492,000

16K

11 CAMROST FELCORP

California Condominiums

sunsetcondos.ca

• from $242,000

25G

18 URBAN CAPITAL

River City 2

416-862-0505

• from $276,000

16F

29 Pinnacle International

33 Bay Residences at Pinnacle Centre

416-925-3325

• from $375,000

15F

58 GREAT GULF

Monde

416-466-8885

• • from $360,000

17E

60 CANALFA GROUP

Liberty Central by the Lake

416-537-0047

11F

*TH: Townhomes, C: Condo

Site

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Telephone

•

Page

Finder

Insert

14F

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

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

Uxbridge TH* C*

Price Range

Lake

og

Scug

Manvers

Page

Finder

Scugog

• from $400,000

Insert

13B

Newcastle 416-495-3544

W

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E

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Watermark

416-354-2221

• from $300,000

Whitby

• from $350,000

Oshawa

Insert

24c

401

91

19D

Atwater Condos

905-271-5038

• from $280,000

12C

2

Stanton Renaissance

On The Go

647-692-8417

• from $250,000

23C

8

chestnut hill development

San Francisco By The Bay

905-831-3631

• • from $180,000

23J

Eau Du Soleil - Waterfront Condominiums

416-503-3328

25B

• from $320,000

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

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

waterfrontmaps: GTA

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Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Bloor St

Si

Whitby 7 Waterfront

Stevenson Rd

8

Thornton Rd

Wentworth St

Gibb St

Park Rd S

Up

King St W Bond St W

Centre St.

401

Schomberg Riva Del Lago

Adelaide Ave

Kendalwood R

416-495-3544 48

Blair St

Telephone

Hopkins St

48

Garrard Rd

Garden St Blair St

Bradford Tecumseth and Tottenham Waterscapes

Brock St S Henry St Gordon St

Cannington

East Gwillimbury Further North Waterfront 400

n

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Ajax-Whitby

a

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Shoal Point Rd

ew

riv

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Cochrane St

Sim

Westney Rd S

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co

Pickering Beach Rd

Harwood Ave

Finley Ave

ke

La

Dundas St E

Rossland Rd

Manning Rd

Town of Whitby

Bv

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McQuay

Mara

Rossland Rd

Townline Rd

nd

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Taunton Rd W

windcatcher development corp.

*TH: Townhomes, C: Condo

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Stevenson Rd

Garden St

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Audley Rd

Du

Conlin Rd Baldwin St S

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Thornton Rd

Thickson Rd

Lakeshore Blvd E

Brock St N

th

Garrard Rd

Church St E

18

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m

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Baldwin St N

Park Lawn Cedarbrook T

Royal York Rd

Coronation R

Lakeridge Rd

ha

26

Evans Ave

Horner Ave Rossland/Winchester

Salem Rd

rn

25

Duffs Rd

24

28 Village of Gardiner Expressway in Brookl 2

Queensway

Halls Rd N

Audley Rd

Salem Rd

Westney Rd N

Bu

Stevenson Rd

Ashburn Rd

23

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Country Lane

Lake Ridge R

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Kingston Rd

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Town of Ajax 11

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25 queenscorp residences

Fifth Conces 12 11 9

Magill Dr

Barrie

21 22

Brawley Rd Bloor St W

Alliston,

Adjala 9

93

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18 Monarch Corporation

Ravenscroft

0

Mono

69

400

20

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

Delaney Dr

400

Beeton, Site

89

10

Essa

19

Mississauga Taunton Rd E Waterfront Orillia

Church St S

Hwy 5

k

11 MonarchShelburne Corp.

Squires Beach Rd

Tosorontio Everett

7

Bracebridge

Church St N Riverside Dr Notion Rd

Montgomery F

D

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Brock Rd

Sandy Beach

Liverpool Rd

nt

18

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Vespra 401

Angus

Myrtle Rd W Rathburn Rd

Columbus Rd

Rd

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Brock Rd sR Oak jor Ma Valley Farm

Liverpool Rd

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Greenwood Rd

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Appleview Rd

Sprduce Hill R

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Sheppard Ave

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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

GTA Edition Feb 14 - 28, 2015

Your complete source for condos, lofts and townhomes in the GTA

IN THIS SECTION Maps and listings for new condo communities in the 905 region Builder news and the latest in condos in the 905 FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 103

CONDO WATCH

9 5 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

new releases & grand openings

previews & registrations

URBAN TOWNDOMINIUMS

By Rosehaven Homes

OAKVILLAGE

By Minto, Branthaven and Emshih

Grand opening Feb. 28. Be the first to see these sensational homes at Mississauga Rd. and Sandalwood Pkwy.

Web: RosehavenUrban.com

PINNACLE GRAND PARK 2

By Pinnacle International

Introducing Oakvillage, a master-planned townhome community coming to Dundas St. E. and Trafalgar Rd. Register now.

Web: Oakvillage.ca

SENSES CONDOMINIUMS

By Empire Communities

Brand new suites are now on sale at Pinnacle Grand Park 2, the newest addition to Mississauga’s skyline.

Web: PinnacleGrandPark.ca

Indulge all your senses and live life to the fullest in one of Oakville’s best locations.

Register now.

Web: SensesCondos.com

LEGACY PARK

By Liberty Development Corp.

THE SORRENTO

By Armour Heights Developments

Live in Thornhill’s most connected community at Bathurst and Centre Street.

Web: LegacyParkCondos.com

HOT CONDOMINIUM

By Great Gulf Phase 3 final release of this stylish boutique condominium is now on sale at Winston Churchill and Eglinton.

Web: GreatGulf.com

PACE ON MAIN

By Geranium Homes Luxury suites are coming soon to Stouffville’s boutique condominium address.

Web: GeraniumHomes.com

Register now for this four-storey condominium offering European-style living in Richmond Hill.

Web: TheSorrento.ca

THE MET CONDOS

By Plaza The Met takes comfort and luxury to a whole new dimension.

Web: TheMetCondos.com

CRYSTAL

By Pinnacle International Register now for all the latest information on this master-planned community in Mississauga.

Web: PinnacleUptown.ca

THE BERKELEY

By Carriage Gate Homes A hotel-inspired condominium is coming to Caroline Street and Elizabeth Street in Burlington.

Web: TheBerkeleyCondo.com

104 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 105

FINANCES

Canadians in their Golden Years are striving for ‘Freetirement’

F

or many people, retirement no longer marks the official end of their working lives, but rather the starting point for fulfilling the dreams they want to accomplish. Whether it’s volunteering for a favourite charity, starting a small business or working part-time at something they’re passionate about, Canadians have big plans for their “freetirement.”

“The idea of retirement has changed dramatically as people are living longer and want the freedom to do meaningful things in their later years,” says Linda MacKay, senior vice-president, TD Retail Savings and Investing.

“This is why more and more people are coming to think of it as ‘freetirement’ rather than retirement. Retirement may have been viewed as an end goal in the past, but many retirees and pre-retirees now see it as another one of life’s milestones. People still want to travel and spend time with family, but a significant number also want to stay productive and engaged during their retirement and are looking for the financial means to do it.”

A recent TD survey found that more than a third of people aged 18-64 want to work part-time or casually at something they love after they retire, one in five wants to volunteer and one in 10 wants to start a small business.

The survey also found that the most popular ways to finance these ‘freetirement’ dreams are with RSPs, general savings, pensions and investments.

“For many Canadians, saving for retirement – and goals beyond retirement – may seem daunting and talking to an expert can help to make it feel more approachable,” adds Lee Bennett, senior vice-president, TD Wealth Financial Planning. “Regardless of where you’re at in your savings journey, it’s important to figure out, while still working, how much money is needed for the future so that you can develop and follow a financial plan to make it a reality. A financial planner can help find the best options for individual circumstances and dreams, and also help make the most out of savings and investments once in retirement.”

106 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Tips for “freetirement” savings: › Contribute regularly to an RSP: Setting up a series of regular payments into an RSP is one of the easiest ways of saving money for the future and possibly reducing tax obligations, yet nearly half of Canadians aged 18-64 don’t contribute to one and more than a third of those who do wait until close to the annual deadline.

While every contribution is a step in the right direction, making it a regular habit every week or month can help people reach their ‘freetirement’ dreams even faster. › Build savings faster with a TFSA: TaxFree Savings Accounts help build savings faster as the investment income or growth earned in them is not taxed. The current maximum annual contribution limit is $5,500, but any unused contribution room can be carried forward. › Turn tax returns into ongoing returns: Seventy per cent of Canadians expect to get a tax return this year and many of them plan to save at least part of it in an RSP, TFSA or other savings account.

An easy way to boost retirement funds is to consider increasing the amount of the refund saved, as well as saving any bonuses or monetary gifts received during the year.

For more information, visit tdcanadatrust.com.

OYAY! It’s that “O” moment. The moment you realize that everything you could ask for was right here all along. Welcome to Oakvillage. With shops, parks, scenic woodlots, a luminous pond and over 1.5 km of walking and biking trails that connect to Oakville’s extensive trail system, Oakvillage is a visionary community inspired by both nature and urban amenities. Come home to contemporary townhomes with elegant architecture and gorgeous finishes.

Register now to experience that “O” moment with us.

HWY 407

DUNDAS ST.E.

QEW

HWY 403

N

TRAFALGAR RD.

Coming early 2015 Oakville’s visionary master-planned community from the low $400s* Register now for your Preview Opening Invite at Oakvillage.ca

A JOINT DEVELOPMENT BY

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

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 107

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:

Salesperson:

Salesperson:

Phone:

Phone:

Phone:

Phone:

Developer/builder:

Developer/builder:

Developer/builder:

Developer/builder:

Type:

Type:

Type:

Type:

midrise highrise

townhome conversion

midrise highrise

townhome conversion

midrise highrise

townhome conversion

midrise highrise

townhome conversion

Sq. ft.:

Sq. ft.:

Sq. ft.:

Sq. ft.:

# of bedrooms:

# of bedrooms:

# of bedrooms:

# of bedrooms:

# of bathrooms:

# of bathrooms:

# of bathrooms:

# of bathrooms:

Interior appliances:

Interior appliances:

Interior appliances:

Interior appliances:

Options:

Options:

Options:

Options:

Parking facilities:

Parking facilities:

Parking facilities:

Parking facilities:

Special incentives:

Special incentives:

Special incentives:

Special incentives:

Price:

Price:

Price:

Price:

Down payment:

Down payment:

Down payment:

Down payment:

Condo fees:

Condo fees:

Condo fees:

Condo fees:

Financing available:

Financing available:

Financing available:

Financing available:

Other comments:

Other comments:

Other comments:

Other comments:

108 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

Live Free FOR A YEAR PROGRAM

EXPIRES FEBRUARY 28

OVER $50,000 IN VALUE

• $10,000 CASH BACK • MAINTENANCE FOR A YEAR • PARKING • LOCKER • LUXURY FINISHES • INDIVIDUAL SUITE CLIMATE CONTROL

Visit our on-site sales centre before February 28 to speak to a Sales Representative to take advantage of this limited time offer.

Now under construction with Fall 2015 Occupancy.

Visit our Sales Centre at 9612 Yonge St. 905.907.4370 www.grandpalace.ca

16TH AVE.

BAYVIEW AVE.

WELDRICK RD.

YONGE ST.

MAJOR MACKENZIE DR.

Prices & specifications subject to change without notice, E. & O. E.

4

5

6

7

8

9

10

11

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12

13

14

15 32

20

17

18

19

20

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25

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* Due to scale restrictions, locators are approximate.

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Ki

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Builder

Site

1

Vandyk Communities

47 The Daniels Corporation

Telephone

The Craftsman

TH* C*

craftsmancondos.com

Price Range

Page

Finder

from $320,000

105

21N

Daniels Erin Mills

905-306-6996

•

from $250,000

29

17M

2

Windcatcher Development Corporation

Atwater Condos

905-271-5038

•

from $280,000

24L

3

Castleridge Homes

The Clairington

905-793-0002

•

from $230,000

16E

3

Pinnacle International

The Marquee Townhomes on the Park

905-568-9000

•

from $700,000

20K

4

Conservatory Group

Mirage

905-232-2400

•

from $270,000

20K

5

AMACON

PSV2

905-273-9333

•

20L

7

Great Gulf

HOT

905-828-4257

•

from $330,000

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

•

21K

12 Alterra Homes

Renaissance in Olde Brampton

416-710-1010

•

from $490,000

13H

14 Pemberton Group

Rosedale Village Golf & Country Club

905-799-5000

•

from $346,000

13F

15 ADI Development Group

Link2 Condos+Lofts

905-592-2028

•

from $195,000

5M

16 Vandyk Communities

Windows on the Green

905-822-3333

from $300,000

19N

17 Pemberton Group

Downtown Erin Mills Condominiums

905-630-6300

•

from $300,000

18M

18 Retirement Lifestyle Communities

Palisades on the Glen

905-820-8210

•

from $290,000

18N

20 Carriage Gate Homes

The Berkley Downtown Burlington theberkeleycondo.com

•

5M

21 Casino Bay Dev. Corp./Toddglen

Panoramic Point at Brewery Bay

1-866-611-5525

•

from $264,000

7Q

27 Inzola Group

Park Place

905-451-7001

•

from $310,000

14H

30 Pinnacle International

Pinnacle Grand Park 2

905-276-3981

•

from $200,000

20L

30 Pinnacle International

Pinnacle Grand Park

905-276-3981

•

from $300,000

20L

32 Armour Heights Developments

River’s Edge

905-533-2400

•

from $285,000

14A

34 Pinnacle International

Pinnacle Uptown, Crystal

905-568-9000

•

from $200,000

19K

35 Ashley Oaks Group

Emporium at Joshua Creek

905-618-0660

•

from $200,000

17O

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

45 Empire Communities

Rain Condominiums

905-845-7246

•

from $200,000

17Q

46 Mattamy Homes

The Mount Pleasant Village

mattamyhomes.com

•

from $200,000

20K

*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

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

#

111

1

A

2

3

4

5

6

7

8

9

10

11

12

13

14

15

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

16

17

18

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20

East

12

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Markham

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46

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407

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34

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Builder Tribute Communities

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28

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Major Mackenzie

16 Ave Carlton Rd

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45

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Leslie St

32

18 Ave

Steeles Ave E

Steeles Ave W

112

Elgin Mills Rd

Leslie St

7

Clark Ave W

16th Ave.

Thornhill Henderson Av

Yonge St

Centre St

24 1 13

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44

40

407

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50

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25

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Weldrick Rd W

Rutherford Rd

400

Elgin Mills Rd

Richmond Hill

e 20

St

Regent St Mill St

Maple

19th Ave.

Yorkland

Huntingto

11

Major Mackenzie

401

Gamble Rd

Bathurst St

d

Dufferin St

y Cr

Teston Rd

Nashville Rd

400

Jefferson Sideroad

Keele St

Kirby Rd

Jane St

Rd

Pine Valle

c

24

401

Weston Rd

Cold Cree k

12 Line Rd

King-Vaughan Rd

To wn of Ajax

City of Pickerin g

Yonge St

6

Bayview Ave

King Rd

23

To wn of W hitby

Bloomington Sideroad

b

21 22

Denison St

Price Range

Page

Finder

Varley

905-604-1477

•

from $520,000

51

19F

13 Liberty Development Corp.

Legacy Park

905-731-8302

•

from $300,000

35

10g

32 Liberty Development Corp.

Royal Gardens

905-889-9997

•

from $303,000

37

15F

43 Guizzetti Developments

Grand Palace

905-907-4370

•

109

12E

44 Liberty Development Corp.

Centro Square Condos 2

905-851-8877

•

from $400,000

36

5F

•

1

Monarch Corporation

Garden Court

416-495-3595

from $400,000

16D

2

Flato Development

Arthouse Condos

905-554-8722

from $200,000

22D

4

Tridel Corporation

Renaissance of Richmond Hill

416-736-9500

from $740,000

14E

5

Lindvest

Grand Cornell Brownstones in Markham

905-294-6161

from $340,000

23F

6

Armour Heights Developments

The Sorrento

289-637-1777

•

from $390,000

13B

7

MintoUrban Communities Inc.

•

from $300,000

12F

from $250,000

12E

•

WaterGarden

416-915-3800

10 Great Lands Corp.

The Beverly Hills Resort Residences

905-882-6636

11 Triaxis Development Inc/Marino Developments

Courtyards of Maple

416-798-7070

•

from $390,000

7D

12 Greenpark Homes

UV2

905-554-6501

•

from $253,000

22F

14 Remington Group

The Signature Condominium

905-948-9900

•

from $300,000

18F

14 Remington Group

Model Suite of the Month

905-948-9900

•

from $300,000

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

2F

22 Wycliffe Homes

Fairground Lofts

905-605-5900

•

from $340,000

2F

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

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

15F

33 Pemberton Group

Miracle at Yonge

905-709-5700

•

from $280,000

12F

34 Sierra Homes

68 Main Street

905-305-0822

•

from $250,000

21E

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

46 Empire Communities

The Mark

905-554-5015

•

22E

*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

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

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

HOMEBUYERS’ HELP

condo buyers’ resource section YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD! Compare mortgage rates for your best deal Calculate your mortgage payments

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 113

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 Determine the

03 Choose your desired

04 At the intersection of

appropriate five-year fixed mortgage rate, which is easiest to qualify for.

amortization period across the top of the table (25 years has lowest payment and is easiest to qualify for firsttime homebuyers).

the column and row is your mortgage payment per month per $100,000 borrowed.

02 Look down the left column of the table on the opposite page to find the rate (rounded to the nearest 1/4 per cent).

114 NEW CONDO GUIDE FEBRUARY 14 - 28, 2015

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

%

INTEREST RATES

Amortization Periods 15 YEARS

20 YEARS

25 YEARS

30 YEARS

2.50%

$666

$529

$448

$394

2.75%

$678

$541

$461

$407

3.00%

$690

$554

$473

$421

3.25%

$702

$566

$486

$434

3.50%

$714

$579

$499

$448

3.75%

$726

$591

$513

$461

4.00%

$738

$604

$526

$476

4.25%

$750

$617

$540

$490

4.50%

$763

$630

$553

$504

4.75%

$775

$644

$567

$519

5.00%

$788

$657

$582

$534

5.25%

$801

$671

$596

$549

5.50%

$814

$684

$610

$564

5.75%

$827

$698

$625

$579

6.00%

$840

$712

$640

$595

6.25%

$853

$726

$655

$611

6.50%

$866

$741

$670

$626

6.75%

$880

$755

$685

$642

7.00%

$893

$769

$700

$659

Table provided by Calum Ross, owner, president and principal broker at Calum Ross Mortgage. He can be reached at 416.410.9905, calum@calumross.com and calumross.com FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 115

ONTARIO’S MOST-READ NEW HOMES GROUP WE ARE THE LARGEST MAGAZINE DISTRIBUTION SYSTEM IN ONTARIO. [ 4-WEEK ISSUE ]

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羊年運程 • 步進金色年華 邁向精簡生活 • 大多市迎接羊年慶祝活動

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HOMEBUYERS’ HELP

Compare mortgage rates for your best deal CHARTERED BANKS

Variable

ATB Financial

2.35

Alterna Svgs/Alterna Bk

2.45

Bank of Montreal

2.85

Bank of Nova Scotia

2.85

Canadian Western Bank

6 Months 4 6.30op 4 6.30op 4 6.30op 4.55 6.45op 4 6.45op

CFF Bank CIBC

2.85 6.70op

ICICI Bank Canada Manulife Bank National Bank

2.9 2.55 n/a

President’s Choice Financial Royal Bank

2.5 2.85

TD Canada Trust

2.85

Tangerine

2.85

4.45 4.4 6.70op

6.30op

1 Year

2 years

3 years

4 years

5 years

2.79

2.84

2.94

2.98

2.94

2.98

3.04

3.8

4.39

3.09

3.09

3.39

3.89

4.49

3.04

3.65

4.2

4.99

2.79

2.69

2.89

2.79

2.49

3.55

3.04

4.79

3.65 3.04

3.64 2.94

3.69 2.99

3.69 2.99

3.04

3.75

3.04

3.14

2.29 3.14

3.49 3.8

2.99 4.54

4.44 4.74

2.94

3.44

3.94

3.09

3.24

3.49

3.69

3.79

3.25 2.59

3.95 3.44

4.74 3.94

4.99 4.79

3.6

3.7

4.6

4.95

2.69 3.14

2.79 3.75

2.79 4.39

2.84 3.29

3.09

3.39

3.89

4.49

3.1

3.33

3.65

3.13

3.25

3.29

2.99

2.99

2.59 3.04

2.69 3.19

2.79 2.99

2.89 2.99

2.69 3.14

2.89 3.75

3.04 4.39

3.09 4.79

2.2

3.35

2.95

3.05

3.95 3.09

4.35 3.55

4.84 3.29

5.14 2.99

3.05

3.15

3.25

3.4

2.75

2.85

2.9

2.95

2.94 6.30op 2.98 6.30op 3.14 6.30op 3.29 6.50op 3.14 6.30op 2.99

2.79 6.50op 2.98

2.89 6.35op 3.15 3 3.50op 3.14 6.70op 3.14 6.30op 2.99 6.30op 3.19

TRUST COMPANIES Community Trust Concentra Financial

n/a n/a

Effort Trust

n/a

Home Trust Company Investors Group Trust

2.35 n/a

MTCC

2.85

6.5 5 6.70op 4.45 6.30op 3.95 4.2 6.50op 4.55 6.45op

3.14 2.89 6.30op 3.45 6.30op 2.69 3.14 6.30op 3.29 6.50op

OTHER FINANCIAL INSTITUTIONS Airline Financial C.U.

4

Comtech Credit Union

2.95

First National Fin. LP FirstOntario C.U.

2.85

6.2 6.40op 3.95 6.34op

IC Savings London Life

n/a

Luminus Financial

2.45

MCAP Meridian Credit Union

2.35 2.65

Parama Credit Union

2.6

Steinbach Credit Union

2.4

4.2 6.50op

4

3.01 6.25op 2.99 6.30op 2.99 2.99 6.34op 2.99 3.14 6.30op 2.85 6.25op 3.6 3.09 6.30op 2.85 3.00op 2.65

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 Prepared by http://www.FiscalAgents.com/mortgage/rates

FEBRUARY 14 - 28, 2015 NEW CONDO GUIDE 117

index of advertisers 45 Charles Ltd. - Chaz Yorkville Condos

27

Madison Homes - Zigg St.Clair West

65

Aragon Properties - Enigma on the Park

95

Menkes Developments Inc. - 365 Church

Insert

Aspen Ridge Homes - Studio on Richmond

53

Menkes Developments Inc. - 87 Peter

Insert

Bazis Inc. - E Condos

5

Menkes Developments Inc. - Fabrik

Insert

Bazis Inc. - No1 Yorkville

3

Menkes Developments Inc. - Gibson Square

Insert

BILD - Promo

102

Menkes Developments Inc. - Harbour Plaza

Insert

Branthaven Homes - Oakvillage

107

Menkes Developments Inc. - Humber Mews

Insert

Menkes Developments Inc. - Pears on the Avenue

Insert

Menkes Developments Inc. - The Eglinton Yonge at Heart

Insert

Camrost - Felcorp - Blue Diamond at Imperial Plaza

1

Citycore - Harmony Village

90

Concert Properties - The KIP District

67

Concord Adex - Omega on the park

30-31

Cresford Development Corp. - 1000 Bay

IBC

Cresford Development Corp. - CASA 2

120

Cresford Development Corp. - CASA III

120

Cresford Development Corp. - Merton Yonge Condominiums

120

Cresford Development Corp. - VOX

120

Daniels Corp. - The Bartholomew Downtown East

Insert

Diam Developments - On The Danforth

75

Digital Device - Promo

42

Eden Shaw - Chaz Yorkville Condos

27

ELAD Canada - Emerald City Condominiums

63

Empire Communities - Senses Condominiums

6-7

Emshih Developments Inc. - Oakvillage

107

Family of magazines - Promo

116

Fieldgate Homes - Zigg St.Clair West

65

Freed - Art Shoppe Condos

71

Ghods Builders Inc. - 5959 Yonge Street

61

Great Gulf - Monde

19

Great Gulf - One Bloor Residences

19

Great Gulf - Pace

19

Great Gulf - Yonge+Richmond

19

Metropia - E Condos

5

Minto Communities Inc. - Oakvillage

107

Minto Communities Inc. - West Side

47

Minto Communities Inc. - Yorkville Park

23

Mobile App - Promo

17 & 119

Monarch Corporation - Lago

Insert

Monarch Corporation - Picasso on Richmond

Insert

Monarch Corporation - Riva del Lago

Insert

Monarch Corporation - Waterscapes

Insert

Pemberton Group - Citylights on Broadway

9

Pemberton Group - Vivid Condos

8

Phantom Developments - Tea Garden Condos

87

Pianosi Developments - Perspective Condos

83

Pinnacle International - The Pinnacle on Adelaide

93

Plaza - Corporate

69

Plaza Premium Lounge - Promo

64

Queenscorp Residences - Watermark

91

Rio Can - E Condos

5

Rockport Group - The Nest

73

Schwarz Law LLP - Barristers & Solicitiors

77

Sorbara Group - Beacon

59

Streetcar Development - The Southwood

43

The Daniels Corporation - Daniels Erin Mills

29

Guizzetti Developments - Grand Palace

109

Lamb Development Corp. - East Fiftyfive

55

Lamb Development Corp. - The Harlowe

57

The Daniels Corporation - High Park Condominiums

25

Lanterra Developments - Riverhouse at the Old Mill

14

The Daniels Corporation - One Park Place South Tower

15

Lanterra Developments - Teahouse

11

Tribute Communities - The College

51

Liberty Development Corp. - Centro Square Condos 2

36

Tribute Communities - Varley

51

Liberty Development Corp. - Legacy Park

35

Tridel Corporation - Avani 2 At Metrogate

IFC

Liberty Development Corp. - Royal Gardens

37

Tridel Corporation - Islington Terrace

BC

Liberty Development Corp. - Terrace on Danforth

37

Urban Capital - RC3

39

Liberty Development Corp. - World on Yonge

37

Vandyk Communities - The Craftsman

Luxury Living Magazine - Promo

62

Your First Home & Condo - Promo

105 70

LOOKING FOR A NEW HOME?

It’s only a tap away.

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

Start searching now!

DOWNLOAD THE APP

GET STARTED NOW AT

NewHomeAndCondoGuide.ca

DESIGN. LOCATION. STYLE. PASSION. TRUST. The locations you love. The designs you desire. The details you demand.

A Cresford condominium is luxury living defined. For over 40 years Cresford has been at the forefront of the luxury condominium market.

The first developer in Canada to pair its condominium designs with international fashion labels, we set the standard for superb quality, trusted security and cutting-edge style. Cresford is known for building such recognizable condominiums as the Thornwood at Summer Hill and Merchandise Lofts, an iconic true loft conversion in downtown Toronto.

YORKVILLE | UNDER CONSTRUCTION LUXURY PENTHOUSES COMING SOON SUITES FROM THE HIGH $300’S 416.486.CASA (2272) CASACONDOMINIUM.COM

YONGE & WELLESLEY PENTHOUSES COMING SOON FURNISHED WITH DIESEL LIVING 416.485.3000 VOXCONDOMINIUMS.COM

YORKVILLE | UNDER CONSTRUCTION PENTHOUSES COMING SOON MOVE IN WINTER 2015 / SPRING 2016 SUITES FROM THE MID $300’S 416.486.CASA (2272) CASA2CONDOMINIUMS.COM

YONGE & MERTON MOVE IN NOW SUITES FROM THE MID $400’S TOWNS FROM THE LOW $600’S PENTHOUSES FROM THE $800’S 416.484.1900 MYCCONDO.COM

LIVE LARGE ON BAY STREET MOVE IN WINTER 2015 / SPRING 2016 Spacious 1, 2 and 3-Bedroom suites with unobstructed views in the heart of downtown

FROM THE HIGH $300’S 416.485.3000 1THOUSANDBAY.COM

PRESENTATION GALLERY: 170 MERTON ST. BROKERS PROTECTED. ILLUSTRATIONS ARE ARTIST’S CONCEPT. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O.E.

Actual West View from the 22nd floor

Built to make an entrance.

The newest addition to our landmark Metrogate community, Avani 2 offers designinspired living in every 1 and 2 bedroom suite, many with den options. This contemporary tower features spectacular indoor and outdoor amenities, the perfect spaces for residents to relax, rejuvenate and enjoy their leisure time – all overlooking a dynamic community park. Indulge your taste for sleek modernity at Avani 2, where virtually anything you could want is just moments away.

Built for life. Built for you.

eiGht decades of home BuildiNG. over 80,000 homes Built. tridel commuNities are Built GreeN. Built for life.® *Price and specifications are subject to change without notice. Illustrations are artist’s concept only. Building and view not to scale., Tridel Built for Life®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2015. All rights reserved. E.&O.E. February 2015.

Now opeN Kennedy and Hwy 401 in Scarborough Starting from the low $200’s* Visit the Presentation Centre 52 Village Green Square, Scarborough 416.293.5535

tridel.com

Built for the suite life.

Find your connection at islington terrace, just minutes from the Bloor islington subway. this architecturally striking condo community is located in a historic neighbourhood where the past mingles with today’s must haves. islington Village with its quaint restaurants leads you right into the fashionable Kingsway on Bloor, full of trendy boutiques and exclusive shops. Embrace the new spirit of living at Bloor and islington.

Built for life. Built for you.

Starting from the mid $200’s* Visit the Presentation Centre 2487 Bloor Street West, Etobicoke (At South Kingsway) 416.645.8862

eiGht decades of home BuildiNG. over 80,000 homes Built. tridel commuNities are Built GreeN. Built for life.® *Price and specifications are subject to change without notice. Illustrations are artist’s concept only. Building and view not to scale., Tridel Built for Life®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2015. All rights reserved. E.&O.E. February 2015.

tridel.com