FEBRUARY 13 - 27, 2016 VOLUME 20, ISSUE 4, FREE
GTA EDITION
INSIDE THIS ISSUE
THE TORONTO CONDO MARKET DOES IT AGAIN!
SEE WHAT’S GOING ON IN BLOOR WEST VILLAGE
TAX HACKS FOR 2016
Boutique condo living coming soon to Sheppard east of 404.
tridel.com
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*See Sales Representatives for Details. Offer is for limited a time only. Prices and specifications are subject to change. All images are artist’s concept only. E. & O.E.
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Editors' Notes
SUSAN LEGGE Editor-in-Chief / Director of Content Yellow Pages NextHome Email: Susan.Legge@ypnexthome.ca Twitter: @SusanLegge
EXPLORE BLOOR WEST VILLAGE
MORE PHOTOS ONLINE ypnexthome.ca/bloor-west-village
Great Canadian real estate news Need relevant market information? Real estate newbies and experienced buyers and renters alike can all benefit from the latest news and insights found on YPNextHome.ca. When it comes to the ins and outs of buying or renting a property, the expert advice you want needs to be current and relevant. It’s imperative to your process to be an educated consumer. That’s where we come in. The editorial group at YP NextHome takes pride in the fact that they are aggregators and creators of
great Canadian real estate news and expert advice. Reporting to you from the front lines from across the country, check out our videos, in depth reporting and neighbourhood reviews which have become an extension of our print publications. We’ve got market insights, demographic stats and a lot of great advice from industry experts too. Let us know what you think. We’d love to hear from you!
Don’t stress on moving day
ELISA KROVBLIT Senior Editor Yellow Pages NextHome Email: Elisa.Krovblit@ypnexthome.ca Twitter: @ElisaKrovblit
+ get social
The hardest part of moving might just be the packing. I’ve always thought so, anyways. I don’t know why it is, but we always think we have less than we do. We always underestimate how much time it will take to pack it up. Don’t make your next move a nightmare, start packing when you start thinking about moving. Just start throwing out, selling and donating everything and anything you don’t need. Start by boxing up those outof-season items, you won’t need them. You can also pack all of those
things you don’t use day-to-day. And if you think you should pack it because you never use it, think about whether it should really make the trip to your new place. Storage space is a luxury – don’t waste it on things you don’t need to keep. Make your next move stress-free and easier by getting it all done ahead of moving day! Enjoy this issue of Condo Guide and check out our advice, info and listings on ypnexthome.ca and the YPNextHome App and get ready to make your move.
Interact with us on social media: ypnexthome
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CONDOMINIUM RESIDENCES AT YORKVILLE & YONGE STEPS TO SUBWAY AND PATH • STARTING FROM $455,000 FOR A LIMITED TIME, YOU CAN PURCHASE ANY ONE BEDROOM UNIT FOR ONLY 10% DOWN*.
1YORKVILLE.CA
PRESENTATION LOUNGE 162 CUMBERLAND ST. (416) 519-2911
@BazisInc
PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O.E. RENDERING IS ARTIST’S CONCEPT ONLY. *SEE SALES REPRESENTATIVE FOR DETAILS
FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 3
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Contributors
BILD REPORT
BRYAN TUCKEY Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and BILD’s official blog (bildblogs.ca).
PRESIDENT, YELLOW PAGES NEXTHOME
Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT
Susan Legge DIRECTOR OF SALES
Moe Lalani ASSOCIATE PUBLISHER
Anne-Marie Breen
LEGALLY SPEAKING
JAYSON SCHWARZ Jayson Schwarz LL.M is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit the website at schwarzlaw.ca or email info@schwarzlaw.ca.
ASSOCIATE PUBLISHER SWO NEW HOMES
Susan Maxwell ART DIRECTOR
Daiana Garay SENIOR EDITORS
Elisa Krovblit Lydia McNutt (on leave) Jackie Marchildon
DESIGNER ADVICE
YANIC SIMARD 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.
EDITOR
Sonia Bell CONTRIBUTING EDITORS
Wayne Karl Sara Duck (on leave) DESIGN EDITOR
Yanic Simard
CONDO PRO
BARBARA LAWLOR Barbara Lawlor is president and CEO of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in the GTA and overseas.
STAT CHAT
BEN MYERS Ben Myers is senior vice-president of market research and analytics at Fortress Real Developments. Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments.com/news or follow him on Twitter at @BenMyers29.
more online We have even more content online! Read more stories from our team of contributors at ypnexthome.ca, including stories by:
SENIOR ACCOUNT EXECUTIVES
Dionne Fraser dionne.fraser@ypnexthome.ca Nina Downs nina.downs@ypnexthome.ca
SALES & MARKETING CO-ORDINATOR
Terry Bassett
PRODUCTION MANAGER
Bala Gnanapandithan PRODUCTION CO-ORDINATOR
Sandra Hanak-Vujnovic GRAPHIC DESIGNER
Miguel Cea
#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 ypnexthome.ca
ADVERTISING Call 416.626.4200 for advertising rates
INVESTOR INSIGHTS
ANDREW LA FLEUR 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. Contact Andrew at 416.371.2333 or andrew@truecondos.com.
INSPIRATION
JO ALCORN Jo Alcorn is a design specialist and designer on HGTV’s Home to Win out this spring. She has her own furniture collection, signature pillow and dog bed line and is known for her savvy design concepts. Visit Jo at whitewashco.ca.
and information. CIRCULATION Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices. COPYRIGHT 2016 All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and offenders will be prosecuted under the law. TERMS Advertisers, editorial content and New Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL Submissions from interested parties will be considered. Email to susan.legge@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication. Please recycle this magazine! Yellow Pages NextHome 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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VIEW FROM THE
TOP
LUXURY WATERFRONT CONDOS FROM THE MID $300’s
One of Canada’s tallest waterfront condos, Eau Du Soleil offers spectacular views and fabulous amenities like the infinity rooftop terrace, indoor salt water pool, fitness centre, outdoor sports court and more.
Learn more at eaudusoleiltoronto.com Prices, sizes and specifications are subject to change without notice. Actual view may not be exactly as shown. Please see a Sales Representative for details. Exclusive listing brokerage TFN Realty Inc. Brokers Protected. E.&O.E.
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EAU2 45097 CONDO GUIDE DPS FA.indd 1 006-007-Empire-EauDuSoleil 02-13-16.indd 6
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WATER 12 584 SQ. FT. ONE BEDROOM + DEN
BALCONY
1
1 Spectacular lake and city skyline views 2 Bright and open concept design 3 Your cozy retreat, with walkout to balcony 4 Spacious, full wall-length closet
BEDROOM 9’-0” X 11’-0”
5 Modern and stylish bathroom
3 LIVING/DINING 10’-0” X 18’-0”
6 Open den for your home office, studio or hobby area
2
7 Sleek kitchen with stainless steel appliances and breakfast bar
4
5 BATH
DEN 5’-7” X 5’-5”
KITCHEN
6
Take full advantage of the spectacular waterfront view in your new suite, with an open concept design
ENTRY
7
and generous balcony. A one bedroom plus den featuring a modern bathroom and sleek kitchen
W/D
that fits your lifestyle.
NOW UNDER CONSTRUCTION VISIT THE PRESENTATION GALLERY TODAY 2183 LAKE SHORE BLVD. WEST TORONTO 416 503 3328 FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 7
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LIVE ON THE GO IN MAPLE
COMING SOON
Live close to the greatest attractions in and around the Village of Maple.
2 mins
EAGLES NEST GOLF CLUB 10 mins
HIGHWAY 400
8 mins
10 mins
LA FITNESS
3 mins
FUTURE MACKENZIE HEALTH HOSPITAL 14 mins
FUTURE VAUGHAN CIVIC CENTRE PUBLIC RESOURCE LIBRARY
MAPLE 5 mins
34 MINUTES
PARKS
to Union Station
CANADA’S WONDERLAND
15 mins
VAUGHAN MILLS MALL
UNION
32 MINUTES
to Maple Station
Welcome home to spacious condominium living. Starting from the mid 200’s If home’s the destination then INDIGO is your ticket to an enriched lifestyle. With convenient amenities nearby, live steps from the Maple GO Station, connecting you to downtown and across the GTA. Everything is at your doorstep at INDIGO. Register at PembertonGroup.com info@PembertonGroup.com I 905.553.1430 Exclusive Listing Brokerage, Royal LePage - Your Community Realty. Brokers Protected. Prices and specifications are subject to change without notice. Illustration is artist concept E.&O.E
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NOW UNDER CONSTRUCTION SAVINGS UP TO $20,000!*
Condominiums at Queen West & Dovercourt from the $280’s
FREE Locker, FREE Built-in Appliances, FREE Rogers Package for 6 months
Live the life you love at the heart of everything Queen West. Discover a superb collection of suites, plus an exciting array of lifestyle amenities.
SPECIAL CHINESE NEW YEAR BONUS! SAVE AN ADDITIONAL 1% OFF THE PURCHASE PRICE OF ANY SUITE* AVAILABLE FEBRUARY 1ST TO FEBRUARY 29TH, 2016 ONLY!
DOVERCOURT RD
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SALES OFFICE
SALES CENTRE: 1164 QUEEN ST. W. (WEST OF BEACONSFIELD) MON-THURS: 12-7PM, FRI: CLOSED, SAT & SUN: 12-6PM
SU DB
DUFFERIN ST
QUEEN ST W
U
RY
ST
PEMBERTONGROUP.COM 416.546.6355
*Limited time offer. See a Sales Representative for full details. Exclusive Listing Brokerage, Circle M Realty Corporation, Brokerage. Brokers Protected. Prices and specifi cations are subject to change without notice. Illustrations are Artist’s concept. E. & O.E.
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contents FEB 13– 27, 2016 | VOLUME 20, ISSUE 4
20 ON THE COVER
Crestford Developments
Coming soon, another iconic new address
+ online NEIGHBOURHOOD
HOME SEARCH
property profiles MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING
WITH
DYNAMIC MAPS
LOOK FOR THE CIRCLE
78
42 Bazis & Plaza
Construction has started at 1 Yorkville
48 Plaza and Berkley Developments
The Met offers city centre location and subway connections
60 Minto
Introducing address-envy with Yorkville Park
Purchaser profile
Toronto residents recognize value at On The Danforth
trending
16
Downtown Erin Mills Tower 2
Spacious suites next to shopping and transit
26 Market news
A strong year for GTA new home sales
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48
25 Condo pro
View location from a different perspective by Barbara Lawlor
38
Legally speaking
Financing, and what happens if it goes wrong? by Jayson Schwarz
76
Stat chat
The Toronto condo market does it again! by Ben Myers
Inspiration
56 At home
60
Tips to brighten your mood and keep you warm
66 Style file
Sweet dreams: Creating the perfect bedroom
70
Designer advice
Yanic Simard explains how to energize your highrise
neighbourhood profile
41
Bloor West Village
Well established and highly desired
buyers’ resource section
30 Festive Chinese New Year celebration
A colourful tribute to Fifth On The Park
34 Altus Group releases 2015 real estate review Significant sales demonstrate industry confidence
40 Mattamy Homes
Mattamy partners with Cycling Canada
advice
12
50 88 North
A community life downtown
54 Reclaimed wood
A trend we hope never ends
64 Mortgage News
One-year fixed mortgage at 1.69 per cent
74
The cost of love in Canada: $61,821.60
A year of strong sales and record prices
Mortgage finesse
Credit and debt management by Calum Ross
17
Investor insights
The risks and rewards of renting your condo on Airbnb by Andrew la Fleur
18
Previews, new releases and grand openings in the 905
BILD report
by Bryan Tuckey
14
80 Hot Properties 905
Money matters
81
Hot Properties 416
Previews, new releases and grand openings in the 416
in every issue
02 Editors’ Note 04 Contributors 94 Advertiser Index 95 What’s Online
How to be debt-free forever
district maps
by Gail Vaz-Oxlade
82 Toronto and Waterfront
24 Fundamentally speaking
2016 tax tips to save time, stress and money
88 905 region
by Wayne Karl
The price of romance has increased FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 11
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Advice | BILD REPORT
A year of strong sales and record prices By Bryan Tuckey
MORE ADVICE ONLINE ypnexthome.ca/news/advice
IN THE GTA, 2015 was a year of
strong sales for new homes and condominiums and a year of record-breaking prices. Demand for new homes in the GTA remained strong because the region continues to grow by up to 100,000 people each year. One of the highest volume sales years in the last decade, last year saw 41,295 new homes purchased. Sales were up slightly from 2014 and up 13 per cent from the 10-year average of 36,543. The split between highrise and lowrise purchases was fairly even. Accounting for 52 per cent of the new homes sold, highrise condos just edged out sales of lowrise townhomes and detached and semidetached houses. Prices of new homes in the GTA reached new heights in 2015. Newhome buyers looking for detached homes can now expect to pay close to $1 million. The average price of the much coveted homes reached $991,156 in December, up 18 per cent from a year ago. Overall, lowrise home prices increased by more than $100,000 in the past 12 months. The average price across all types of lowrise homes reached $829,766, a new all-time high. For many new-home buyers, especially first-time buyers, highrise condominiums are becoming the only housing option that is affordable. The home building and development industry continues to innovate and find ways to keep
“Overall, lowrise home prices increased by more than $100,000 in the past 12 months.” condominium prices within the reach of first-time buyers. In the face of escalating land prices and other costs including government fees and changes, they are doing this by maximizing living space and reducing the overall size of suites. So while the average price per square foot of new highrise homes hit an all-time high of $584 in December, the average price of a suite actually decreased slightly. In December the average price of a new highrise condo unit was $453,083, down from $454,476 a year ago. At the same time, the average suite size decreased from 816 to 775 sq. ft. Escalating prices is a function of supply and demand. While demand for lowrise has remained strong, the GTA faces a constrained supply of new lowrise homes coming to market due to a lack of serviced developable land. This significantly affects housing choices for new-home buyers and has made purchasing lowrise homes increasingly challenging.
Some experts believe that the GTA is following in the footsteps of Greater Vancouver. A recent study by the research firm Demographia identified Vancouver as the third most unaffordable city in the world. The study attributes the erosion of housing affordability in Vancouver to constraints of construction and says the same constraints are at play in the GTA. The research found that constrained supply of serviced land designated for development has reduced the supply of new lowrise homes across Vancouver while demand has not disappeared. Therefore, demand for ground has outpaced supply and prices have surged. Sounds familiar, doesn’t it? Bryan Tuckey is president and CEO of the Building Industry and Land Development Association and a land-use planner who has worked for municipal, regional and provincial governments. Follow him on Twitter @bildgta, facebook.com/bildgta, and bildblogs.ca.
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SPECTACULAR CITY VIEWS STEPS FROM THE WATER. OWN THE BEST OF BOTH.
NOW ON SALE I SUITES FROM $279,900 RICH
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The Daniels Corporation proudly introduces PY the west facing suites of Lighthouse TowerR Eat XPY ER EX INE ARDIN GARD E E Daniels Waterfront – City of the Arts, Ga master-planned, mixed-use community surrounded by D LV LVD RE B RE B SHO SHO LAKE LAKE creativity, inspired by arts and driven by innovation. This visionary gateway to the East Bayfront, where Lower Jarvis meets Queens Quay, ushers in a new era of living, with awe inspiring views, exceptional amenities, luxurious suites and endless conveniences at your doorstep, including Sugar Beach North, a promenade featuring retail and public art, linking to Canada’s iconic YE YE sandy Sugar Beach to the south. QUA QUA ENS ENS QUE
QUE
LAKE ONTARIO
LAKE ONTARIO
VISIT THE PRESENTATION CENTRE TO VIEW OUR FULLY FURNISHED MODEL SUITE INER
GARD
EXPY
LOW
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LAKE ONTARIO
Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artist’s concept. 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. Actual view may not be exactly as shown.
FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 13
WATF 45080 Condo Guide Ad_FA.indd 1 013-Daniels-Waterfront 02-13-16.indd 13
ST
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QU CALL OR VISIT TODAY ENS QUE AR SUGACH BE DANIELSWATERFRONT.COM WATERFRONT WATERFRONT.COM 416.221.3939
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2/5/16 4:31 PM 2016-02-08 6:16 PM
Advice | MORTGAGE FINESSE
Credit & debt management By Calum Ross
MORE ADVICE ONLINE ypnexthome.ca/news/advice
AS THE CREDIT SYSTEM continues
to evolve in Canada, consumers are getting increasingly confused with a greater variety of credit products from a greater variety of financial institutions. In fact, the average Canadian gets more correspondence from financial institutions than they do from family and friends combined (What have we come to?). To further complicate matters, institutions are granting credit to consumers at a pace never seen before. The combination of increasingly sophisticated marketing techniques to consumers coupled with more and more available credit truly becomes too much temptation for many people to bear. Consumer debt is a major issue in North America. The concept of keeping up with the Jones has destroyed both people’s financial health and their personal lives. What I am here to tell you is that you don’t need to fall into this trap! Here are some simple guidelines that will prevent you from becoming yet another consumer credit victim:
income. Is the free coffee at your office that bad? 2. Watch your liquidity closely. Liquidity refers to your or your family’s ability to pay its short-term debt obligations. Watching what available funds you have to pay upcoming debt obligations is fundamental to avoiding credit problems. Helpful tip: Think carefully before using purchase programs that require no payments for a set period. If you can’t afford to pay for it now, should you buy it?
1. Control spending by knowing exactly where every dollar goes.
3. Develop a realistic budget and live by it always.
Tracking your spending habits in detail periodically will enlighten you in ways that you never considered. While doing this on a monthly basis is not realistic, try to do this in detail for at least one month a year. Helpful tip: If you and your spouse spend $3 per day on coffee, this totals $1,095 per year. Depending on your tax bracket, this amount could represent over $2,000 in pre-tax
A good budget must have specific financial goals with a clearly defined time horizon. Be sure to take into account all of your payments, including loans, utilities and dry cleaning. If you pay for it monthly, it should be allocated in your budget. You can’t be too detailed. Most financially successful people are excellent financial planners. They have investment plans, loan
repayment plans and a clear idea of how much time they need before they can purchase big-ticket consumer items. Helpful tip: Also be sure to budget for some kind of treat on a periodic basis. All work and no play often results in failure. While these rules seem fairly simple, they are a little like a diet — easy to start but tough to follow through. Despite popular opinion, material items will not bring you happiness. While it may not seem like it today, forgoing that purchase to save for your child’s education (or your retirement) may make you feel a lot better in the long run (despite what the commercials may lead you to believe). Until next time — happy home and mortgage hunting. Calum Ross is wealth planner and practicing mortgage agent at Calum Ross Mortgage. He has appeared on Canada AM, Investment Television, BNN and Citytv. He holds an MBA in finance and is an accredited mortgage professional. He can be reached at 416.410.9905.
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Trending
Downtown Erin Mills Tower 2 Spacious suites next to shopping and transit REGISTER NOW TO BE among the
first to have the opportunity to own a spacious suite in the second tower coming soon at Pemberton Group’s master-planned Downtown Erin Mills Condominiums. Situated at Erin Mills Parkway and Eglinton Avenue West in a coveted Mississauga neighbourhood, Downtown Erin Mills is steps from Erin Mills Town Centre where the $100 million dollar renovation is nearing completion. The muchanticipated Hurontario-Main LRT line local station is already in operation. Residents will have easy access to Mississauga Transit and GO Bus service. Highways 403, 407, and 401 and the Streetsville GO Station are also all close by. This established area also has schools, parks, trails, recreation facilities, theatres, super stores and Credit Valley Hospital. The second tower will rise to 18 storeys and contain 179 suites. Openconcept layouts include one-bedroom plus den, two-bedroom, twobedroom plus den and family friendly three-bedroom designs in sizes from 650 sq. ft. to 955 sq. ft. Prices start from the low-$300’s, and parking and locker are included in prices. Pemberton’s features and finishes, all as per plan, include modern fiveinch wide laminate flooring in the living room, dining room, den and bedroom(s), hall/foyer; nine-ft.-high smooth-finish ceilings in principal rooms; kitchen with contemporary designed cabinetry with 40-inchhigh uppers, choice of Caesarstone or granite countertops, glass mosaic backsplash, plus stainless steel appliance package (fridge, self-cleaning range, dishwasher and combination microwave and range hood). Bathrooms have contemporary vanity cabinetry, porcelain floor tiles, a choice of Caesarstone or granite countertops, a soaker tub, and frameless glass shower enclosure, all
MORE TRENDING ONLINE ypnexthome.ca/news
as per plan. Suites come with a stacked washer and dryer, plus a patio or balcony. The separate two-storey recreational centre, totaling more than 17,000 sq. ft., will be delivered with Tower 2! Amenities include a large indoor pool and poolside retreat with saunas and steam rooms; a cardio fitness studio; a yoga/Pilates area; two party rooms with a bar; a dining room with kitchen; and barbecue terrace with panoramic views. To register visit PembertonGroup.com, or call 905.603.6300.
TOP
Discover spacious, family-friendly suites amid urban amenities.
BOTTOM
The 17,000 sq. ft. recreation centre will be delivered with the second tower.
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017 An
DOWNTOWN
ERIN MILLS CONDOMINIUMS
COMING SOON
DOWNTOWN
ERIN MILLS
Toronto I Yonge & Eglinton’s best value South Tower coming soon Condos from $199,990 416.546.6605
Toronto I Now under construction Condos from the $280’s 416.546.6355
Toronto I Model home to tour Townhomes from $2.2m 647.344.2573
trust isn’t given, it’s built.
TOWER 2 DOWNTOWN
ERIN MILLS
PHASE
2
CONDOMINIUMS
TOWER 1 UNDER CONSTRUCTION REGISTER TODAY FOR TOWER 2, THE NEWEST RELEASE AT DOWNTOWN ERIN MILLS. MISSISSAUGA’S MOST STYLISH CONDOMINIUMS FROM THE $300’s Don’t miss your opportunity to be a part of Mississauga’s highly successful master planned condominium community. Located just steps to vibrant Erin Mills Town Centre, parks, trails, public transit and schools. Downtown Erin Mills offers a fine collection of suite designs with outstanding finishes and inspired amenities.
PEMBERTONGROUP.COM
DOWNTOWN
ERIN MILLS CONDOMINIUMS
Maple I Coming soon Register now 905.553.1430
Richmond Hill I Tower 1 move in now Tower 2 great incentives Condos from the mid $300’s 905.709.5700
Mississauga I Tower 1 under construction Register now for Tower 2 Condos from the $300’s 905.603.6300 DOWNTOWN
ERIN MILLS
PHASE
2
CONDOMINIUMS
Leaders in luxury condominium living in the GTA for over 50 years with unsurpassed quality, service and value. Visit PEMBERTONGROUP.COM for all the latest news and special incentives at our communities. Brokers Protected. Prices and specifications are subject to change without notice. Illustrations are artist’s concept E.&O.E.
G N R R O E A W G N I E D FOST V O R E E P R N E T H T N E ! IN G
INTRODUCING THE
LIVE ON THE GO IN MAPLE
COMING SOON SOUTH TOWER AT CITYLIGHTS
Live close to the greatest attractions THE in and around the Village of Maple.
BEST VALUE AT YONGE AND EGLINTON
2 mins
EAGLES NEST GOLF CLUB 10 mins
HIGHWAY 400
8 mins
10 mins
LA FITNESS
3 mins
FUTURE MACKENZIE HEALTH HOSPITAL 14 mins
FUTURE VAUGHAN CIVIC CENTRE PUBLIC RESOURCE LIBRARY
MAPLE 5 mins
34 MINUTES
PARKS
to Union Station
CANADA’S WONDERLAND
15 mins
VAUGHAN MILLS MALL
UNION
32 MINUTES
to Maple Station
REGISTER NOW FOR EXCITING SECOND TOWER WITH NEW Welcome home to THE spacious condominium living. SUITE DESIGNS, ATmid YONGE Starting from the 200’s& EGLINTON FROM $199,990
Following thethe spectacular of CityLights’ NorthtoTower, we arelifestyle now introducing If home’s destinationsuccess then INDIGO is your ticket an enriched and the South Tower. This soaring landmark building is just steps to all the excitement convenient amenities nearby. Live steps from the Maple GO Station, connecting and you energy of the neighborhood, gorgeous views, magnificent to downtown and across theincluding GTA. Everything is at panoramic your doorstep at INDIGO. amenities and modern urban suites. Register at PembertonGroup.com PembertonGroup.com • 416.546.6605 info@PembertonGroup.com I 905.553.1430 Exclusive Brokerage, Royal LePageYour Community BrokersReal Protected. Prices and specifi cations are subject to change Exclusive ListingListing Brokerages: Harlowe Realty Corporation, BrokerageRealty. and Milborne Estate Inc. Brokers Protected. Prices and specifi cationswithout notice. Illustration is artist concept E.&O.E are subject to change without notice. Illustration is artist’s concept. E.&O.E.
Advice | INVESTOR INSIGHTS
The risks and rewards of renting your condo on Airbnb By Andrew la Fleur
MORE ADVICE ONLINE ypnexthome.ca/news/advice
UNTIL ABOUT THREE years ago, if you were a condo investor, you really only had two choices when deciding what to do with your unit: 1. Rent it out on a standard 12-month unfurnished lease. Under this option you might get somewhere around $1600/month for a typical junior one bedroom downtown. With this strategy your vacancy rate would be close to zero in Toronto. 2. Furnish it, and rent it out short term for three to six months at a time. Under this option you might get around $2000/month for that same one bedroom, although your vacancy rate would typically be higher. Today you have a third option: furnish the unit and rent it out by the night on Airbnb. Under this option, your little one-bedroom unit in a central downtown location could fetch as much as $3,000 to 4,000 per month if fully occupied. The potential rewards for using Airbnb are obvious. If you own a centrally located downtown condo, your monthly positive cash flow could be as much as $1,000 to $1,500 per month, which would give you an offthe-charts ROI. You might know someone who is making insane cash flow on their condos using Airbnb. At first glance, this seems like a very attractive options for condo investors, but is it worth the potential risks? You face risk primarily from three sources: the condo board, the CRA, and your insurance company.
1. Risks from the condo board/ property management This is the biggest source of risk to consider. For almost all condo buildings in Toronto, you will find a clause in the declaration that states that short-term leases are not permitted. Short-term leases are usually defined as anything less than six months, but sometimes it can be as little as three months — even one month. Airbnb rentals are by the night, and most travellers usually average three nights or less, so by definition it is not allowed. So what could happen to you if you decide, like many have, to rent out your condo on Airbnb — even though your condo’s bylaws forbid it? The condo board can decide to take legal action against you. They can also charge you for any expenses related to pursuing legal action against you. They can deactivate your key fobs, making it impossible for your Airbnb tenants to get into the building. They can deny access to the building and/or your unit to anyone attempting to occupy the unit in violation of the short-term lease rule. 2. Risk from a taxation/CRA perspective Using Airbnb is a bit of a gray area from a taxation perspective. Since you are essentially operating a hotel, you could be expected to charge and remit taxes just like any other commercial hotel.
This means charging HST to all your tenants and remitting that HST to the CRA. It means doing your taxes could get real complicated. Depending on your municipality and local rules, there might be local hotel taxes that go to the city that you would technically be responsible for collecting. You could just not do any of this and risk fines and/or penalties if you get caught. 3. Risk from an insurance perspective Do you think your insurance policy on your condo allows for you to rent out your condo by the night? Yeah, probably not. If something ever happened in the unit and you needed to make a claim, or worse, if something ever happened to someone in the unit and you were being sued, your insurance company would not cover you if they found out that the occupant was from Airbnb. CONCLUSION: Using Airbnb is not worth the risks for condo investors. If you visit Airbnb.com you will quickly see there are many landlords using the website to rent out their condos downtown, however, in my opinion the potential risks far outweigh the potential rewards. There may come a day when someone figures out an Airbnb model that works for investors and addresses the risks, but for now, my advice is to stick with standard 12-month leases. PRO TIP: If you own a condo that you are renting out on a standard 12-month lease, check to make sure your property is not on Airbnb. Stories of tenants who are subletting their unit out on Airbnb are getting more and more common.
Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto condo market. Contact Andrew at 416.371.2333 or andrew@truecondos.com. FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 17
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Advice | MONEY MATTERS
How to be debt-free forever By Gail Vaz-Oxlade
MORE ADVICE ONLINE ypnexthome.ca/news/advice
I’VE OFTEN SAID that becoming
debt-free is simple but it isn’t easy. And that’s the problem most people have with biting down and getting to work. They would rather whine about how horrible life is, complain about how stressed they are or simply stick their heads in the sand than get busy. If you’re one of the people who is procrastinating about taking control of your money and your life, you first have to figure out why you’re procrastinating. At the University of Konstanz in Germany, a team of psychologists wanted to see if our tendency to procrastinate had anything to do with how we think of a task at hand. Could it be that if we see something as psychologically distant — like getting to debt-free — that makes us resistant to tackling the task immediately? A group of students were asked to respond to a list of questions by e-mail within three weeks. The questions had to do with run-ofthe-mill tasks like opening a bank account or keeping a diary. Students were given different instructions for answering the questions. Some were asked to think and write about each activity in an abstract way, as in what the task implied about personal traits: what kind of person has a bank account? Others were asked about the concrete steps of each activity: speaking to a teller, filling out forms, making an initial deposit. Then the psychologists waited and waited… and waited. They recorded all the
response times to see if there was a difference between the two groups. Guess what? There was. A very clear difference. While all of the students were being paid upon completion, those who were asked to think about the questions abstractly were more likely to procrastinate. Some never got around to the assignment at all. Those who were focused on the concrete steps — the how, when and where of doing the task — got the job done sooner. It seems that just thinking about what we want to accomplish in concrete, specific terms reduces our tendency to procrastinate. Blame your fear. Blame your sense of failure. Blame your belief that you can’t do it yourself. Whatever excuse you use, you’re guaranteeing your failure. Take the bull by the horns, lay out a plan of action, make that plan specific, measurable, achievable, realistic and timely, and you’re on your way to being debt-free forever. Start now. Each time you put off getting started you allow the problem to grow in size and complexity in your mind. By avoiding
the problem, you’re allowing fear to build. Stop living in fear and start doing something different. Break down the steps. Make the plan concrete. Make the steps manageable. Setting a goal of being debt-free forever by the end of the year is great, but only if you also say how you’re going to do it. “I’m going to cut $200 in unessential spending from my budget and apply that to my debt repayment.” Those concrete steps are what will make the plan actionable. Enjoy the challenge. Yes, it may feel like you’re about to climb a mountain, but how you approach the mountain will make all the difference in the world. If you keep looking at how high it is and reinforcing how impossible it is to get to the top, you’ll fail. If you see each step you take up the mountain as something to celebrate, you’ll eventually reach the summit. Attitude counts.
Gail Vaz-Oxlade is the host of Til Debt Do Us Part and author of Debt-Free Forever and blogs daily at gailvazoxlade.com.
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Boutique Condominium Suites from the $300,000s
COMING THIS SPRING A NEW ERA OF LIVING IN BRAMPTON
5%
buy with only a deposit!
ALREADY UNDER CONSTRUCTION
Coming this spring to the northeast corner of Mississauga Rd. and Olivia Marie Rd., Daniels’ Olivia Marie Gardens Community is the best place to put down roots in this highly coveted Brampton location. These boutique condominium suites are unlike anything else in the city, offering Daniels’ quality construction in an energetic community, with exciting retail and everyday conveniences at your doorstep.
• Studios to 3 Bedroom suite designs • Close to parks, walking trails, schools and recreational facilities • Steps from Brampton Transit • Located minutes from Highways 401 and 407 Love Where You Live™, Work, Play and Shop at Daniels’ Olivia Marie Gardens!
DON’T MISS OUT REGISTER TODAY! OMGdaniels.com
905-874-8880 Illustration is artist’s concept. Brick colours may vary from colours shown. Prices and specifications are subject to change without notice. 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 from The Daniels Corporation, is strictly prohibited. Brokers Protected. E.&.O.E.
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Property Profile | CRESFORD DEVELOPMENTS
cover story
Actual west view from 1Thousand Bay, 22nd floor
Coming soon, another iconic new address from Cresford THE HEART OF DOWNTOWN TORONTO is about to witness
a dramatic transformation of its skyline. A landmark new build is coming soon from Cresford Developments, a leader in high-end luxury condominium living. With its exceptional ability to pinpoint and acquire some of the most sought-after locations in Toronto, Cresford has earmarked this premium site for its most iconic brand to date – YSL Residences. Stay tuned for more information. Cresford’s track record of one successful condominium after another has proven the old saying in real estate: location, location, location. Time and again, the innovative developer has picked winning locations across Toronto, whether it’s the Bay/Bloor/Yonge corridor or glamorous Yorkville, known for its posh designer boutiques and salons, celebrity restaurants, museums and high culture. All of Cresford’s locations are marked by excellent walk and transit scores, and are situated at the epicentre of diverse, vibrant, cultural neighbourhoods. Cresford
condominiums enjoy easy transit and subway access, and are mere minutes from the waterfront, entertainment and financial district. But location is just one of Cresford’s many strengths. Its signature attention to detail and legendary design capabilities, coupled with its affinity for high-fashion labels, means that every one of its condominiums has
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Actual south view from CASA II Signature Penthouses
Location
Downtown Toronto Builder
Cresford Developments Development
YSL Home Type
Highrise condominium Sales Centre
170 Merton St. Contact
www.YSLResidences.com
exceeded purchaser expectations. Cresford’s marketing expertise allows it to identify exactly what the savvy condominium purchaser is looking for – from cleverly designed floor plans to high-end interiors crafted with an exceptional eye for design and detail. Apart from the highly anticipated YSL, Cresford has a number of exciting projects now selling and under construction in some of Toronto’s most desired neighbourhoods, with several occupancies slated for 2016. 1Thousand Bay | Bay & St. Joseph | Occupancy Spring 2016 A towering Bay Street address with panoramic, unobstructed views of the U of T campus, 1Thousand Bay is just steps from Bloor Street shopping, subway, U of T, art and culture. CASA II | Yorkville | Occupancy Spring 2016 A sophisticated condominium that blends Yorkville chic with high-end MissoniHome furnishings. The soaring
Peter Clewes designed glass tower offers the ultimate in luxury living in this highly sought after Yonge/ Bloor neighbourhood. The Signature Penthouse Collection features 10-ft. ceilings or higher, with wraparound balconies and unobstructed city views. CASA III | Yorkville | Under Construction French-inspired elegance with a splash of bold colours and enticing designs, The CASA III Condominium lobby will be furnished with Hermès. This is an alluring Euro-chic address with hotel-inspired lifestyle amenities. The Penthouse Collection is coming soon. VOX | Yonge & Wellesley | Under Construction With three levels of Dieselinspired amenity spaces, VOX is one of Toronto’s fastest selling condominiums of 2014. VOX is just moments from the subway,
universities, shopping and dining. The Penthouses are coming soon. The Clover | Yonge & Gloucester | Penthouses Coming Soon Inspired by the beauty of Van Cleef and Arpels, The Clover offers rare luxury and privacy in a fantastic downtown location. With a lush green park, stunning lobby and suites with private elevator access, The Clover is a hidden gem in the heart of the city. YSL Residences | Coming Soon To learn more you can register now at www.YSLResidences.com. Cresford continually strives to provide homeowners with quality assurance, a sense of security and trust and the finest product on the market. Delivering superior service has become synonymous with the Cresford brand. For more information about Cresford Developments or any of its projects please visit www.cresford.com.
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LIVE AMIDST A 848 ACRE CONSERVATION AREA COMING SOON TO GOREWAY DRIVE & HWY 7 Imagine sitting on your balcony and seeing a shimmering pond and 848 acres of protected picturesque forest, yet you’re mere minutes from the City of Toronto, Hwy 407, Hwy 427, shopping, and all the amenities you desire. Presenting Cocoon Condos, the GTA’s most outstanding new home value. Whether you’re a first-time buyer or an empty-nester downsizing, Cocoon Condos is a welcoming and revitalizing place to spread your wings and soar.
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Prices and specifications are subject to change without notice. Illustrations are artist’s concept. Map is not to scale. E.& O.E.
FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 22
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Condos and Towns From the $300’s
Construction starting Fall 2016 Suites from the $400s to over $2.5 million
ROSEDALE’S REVOLUTION IN LUXURY LIVING An impressive and beautifully proportioned limestone façade marks this prominent intersection on Yonge Street.
Condos and Towns from the $300’s
LIVE AT STUDIO, BE DOWNTOWN Select suites are still available. Don’t miss this final opportunity to live amidst a cultural mecca of theatres, restaurants and lifestyle hotspots, plus the new OCADU art gallery right at the base of STUDIO. L E A R N
M O R E
SCENIC3 STUDIO SUITES The Scenic studios offer an incredible opportunity for first-time buyers to break into the market. They’re spacious, easily affordable and given Scenic’s incredible location, make a wonderful investment.
aspenridgehomes.com
Brokers Protected, Limited Time offer. See Sales Rep for full details. Prices, Specifications and programs are subject to change without notice. Illustrations are artists concept. E & O.E. *Provided the purchaser completes the transaction on the contemplated unit transfer date the purchaser shall receive a credit on the statement of adjustment in the amount equal to12 monthly common expense fees relating to the unit and any parking or storage applicable. Deposit 5% down and 10% due on occupancy.
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Advice | FUNDAMENTALLY SPEAKING
2016 tax tips to save time, stress and money By Wayne Karl
TAXES… HEY, PAY ATTENTION. Try
not to yawn or fall asleep. Taxes are not the most exciting topic, but they’re important nonetheless. We’ve simplified the matter with our list of 2016 tax hacks, for which we enlisted the help of our resident tax expert George Dube, CPA and CA of BDO Canada. 1. Deadlines, deadlines Filing: This year, you get a couple extra days — sort of. The deadline for filing your personal tax return is usually April 30, but this year that day falls on a Saturday, so the deadline for your 2015 return is actually Monday, May 2. Self-employed: If you are selfemployed, your filing due date is June 15, but any balance of tax owing for the year is due by May 2. RRSP contributions: The deadline for contributing to your RRSP (registered retirement savings plan) is Feb. 29. 2. Get with the plan — a plan, any plan Here’s an idea: In January of each year, consider reviewing how you did the previous year, as well as your goals for the coming year. Weigh this against your overall plan, and make adjustments as needed. For example, you might want to look at reviewing insurance coverage, or making changes to any investments that may be underperforming. And, of course, look at your overall plan and structure from a tax and accounting perspective — and if necessary, see a tax specialist for advice. Better yet, make it a priority to meet with your advisors at some point during the year — more than once, if you need to. Present them with your existing finances and goals, your accounting system and expectations for minimizing
taxes and maximizing savings. In addition, consider getting a tax estimate to help with your cash flow planning. 3. Save the date Consider using a tax calendar — yes, a tax calendar — if you have investments such as an income property or if you own or operate a small business. Incorporating deadlines into your personal tax calendars (such as year-end tax deadlines and HST deadlines) can be an extremely helpful tool. Using a tax calendar will make it easier to meet your filing requirements for Canada Revenue Agency (CRA), which can save you money and ensure you receive less attention from the CRA by meeting its deadlines and paying on time. For a sample tax calendar, visit bdoreinvestor.ca/calendar. 4. Get organized Early in the new year is the perfect time to ensure you are as organized as possible. Tweak your banking, accounting and filing systems as needed, to ensure they work smoothly. If you are still swamped with paper and working from a shoebox, one of the biggest things you can do to reduce your stress is to get a system in place. To have the right plan and meet your
CRA filing requirements, you must get your bookkeeping in order. This means: » Your accountant, if you use one, should receive your information in a timely manner, and in turn prepare the financial statements and tax returns on time » You can better analyze what’s going on with your finances, and make any necessary changes For tips on getting organized, speak to an accountant about a welldocumented organizational system. Make your system as digital as possible for even easier access. When you can access your documents via your smartphone when your banker is asking for details to finalize a mortgage, for example, imagine how impressed the banker will be with how quickly you can provide this information. And if you need any more clarity on the subject of taxes, go to the Grand Poobah source of them all, Canada Revenue Agency. Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics — such as economic fundamentals — you need to examine when buying property. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at twitter.com/ WayneKarl.
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Advice | CONDO PRO
View location from a different perspective By Barbara Lawlor
MORE ADVICE ONLINE ypnexthome.ca/news/advice YOU’RE ON THE HUNT for a new condo. You want the perfect building for your lifestyle needs, and in the Toronto area, there is something for everyone. Location always tops the list in importance, and I encourage buyers to consider this factor from many ways. For example, it’s important to take your work commute into consideration in a realistic way. Too often, people look at a map, draw lines on it and measure distance as the crow flies. This is not a good idea because you have road twists and turns, traffic lights and rush hour to contend with. The best way to determine whether your commute is reasonable from a particular building is to start out from that location during rush hour and do the drive. Then drive back to that condo after work. You may be surprised at how long — or how short — the trip is. A condominium that is farther from your workplace may, in fact, be a quicker drive, depending on its proximity to major highways or GO stations. You may, for instance, find condominiums in areas such as Richmond Hill, Mississauga or Pickering are an easier commute to Toronto than some located right in the city. Those who commute from the 905 may also find car-pooling an attractive solution, as they can then use the high-occupancy lanes on major highways. Shift workers who commute outside of rush hour may have a
completely different outlook on location. Again, do the commute during the times when you usually drive and see how it is. There is always the viable alternative of taking public transit. For trips in and around Toronto, whether for work or pleasure, it may make a lot more sense for you to hop on the subway. It’s a great idea to consider location in other ways as well. Start from the building and walk around. What can you do without driving or even taking public transportation? Shop? Bank? Drop off dry cleaning? Think about the places you visit often, including the homes of family members and friends — will those trips be a breeze? If you’re taking night courses, how convenient will it be to travel to your school? There are so many things in life affected by your home’s location. For empty-nesters who are approaching retirement years and downsizing, a condo that enables them to stay in
the residential area they know and love can be a wonderful solution. For first-timers who do not own a car, a suite on the subway line in the hub of the city is great. And living downtown is becoming increasingly popular for families who feel that the shorter commute means more time to spend with their children. Then again, with entrepreneurship being such a popular lifestyle today, there are many condo owners who work from home — and let’s face it, no commute is the best commute of all! Whatever your circumstances and preferences, a great condo location is rightly at the top of your must-have list. Be optimistic and realistic, and you will make the right choices! Barbara Lawlor is president of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condominium developments in the GTA and overseas. FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 25
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Trending
Lowrise prices hit another record high in strong year for GTA new home sales December new home sales by municipality December ’15
Lowrise
Highrise
Total
Region
2013
2014
2015
2013
2014
2015
2013
2014
Durham
117
155
105
0
37
47
117
192
2015 152
Halton
31
53
82
80
78
50
111
131
132 229
Peel
280
215
199
30
59
30
310
274
Toronto
20
83
34
933
688
783
953
771
817
York
234
522
238
118
90
168
352
612
406
GTA Jan-Nov
582
1,028
658
1,161
952
1,078
1,743
1,980
1,736
12,093
18,148
19,637
15,815
22,176
21,658
27,908
40,324
41,295
SOURCE: REALNET CANADA INC.
LOWRISE HOME PRICES achieved another record high, as strong demand for GTA new home sales resulted in the third highest sales year in the past decade, according to the Building Industry and Land Development Association (BILD). In 2015, there were 41,295 new homes purchased in the GTA, according to RealNet Canada Inc., BILD’s official source for new-home market intelligence. This is a two per cent increase over 2014, when 40,324 new homes were purchased. Total new home sales in 2015 were up 13 per cent from the 10year average of 36,543. Over the last decade, only 2011 and 2007 recorded more new-home sales. In 2011, there were 46,304 new homes purchased, and in 2007, 43,391. “This region continues to grow by up to 100,000 people and 50,000 jobs every year,” says BILD president and CEO Bryan Tuckey. “The home building and land development industry supports that growth by building quality complete communities so that people have places to live and work.” There were 21,658 new highrise condominium units purchased in 2015, down two per cent from 22,176 in 2014. However, the 2015
MORE TRENDING ONLINE ypnexthome.ca/news
total is 11 per cent above the 10-year average of 19,457 units. On the lowrise side, 19,637 new homes — detached, semi-detached and townhomes — were purchased in 2015. This is up eight per cent from 2014 when 18,148 sales were recorded, and 15 per cent above the 10-year average of 17,085. Prices of new homes in the GTA reached new heights in 2015. The average price per square foot of new highrise homes hit a recordbreaking high of $584 at the end of 2015, a five per cent increase from December 2014 when the average was $557 per square foot. The average price of a new highrise condo unit in the GTA was $453,083 at the end of 2015, down from $454,476 the year prior. However, the slight price decrease was due to the size of units getting smaller. In December 2015, the average size of a new condo suite was 775 sq. ft., compared to the December 2014 average of 816 sq. ft. “The industry continues to find new and innovative ways to keep the
price of new homes within reach for first-time buyers,” Tuckey says. “By maximizing living space and reducing the overall suite size, our members successfully kept the average price of a highrise home stable over the last 12 months.” Meanwhile the average price of new lowrise homes reached $829,766 in December 2015, an all-time high and an 18-per-cent increase from a year ago when the average price was $705,813. The average price of a new singledetached home in the GTA is slightly less than $1 million — $991,156 in December 2015 — up 18 per cent from December 2014 when the average was $840,719. “The escalating price of new lowrise homes is a function of supply and demand,” says Tuckey. “While demand has remained strong, the GTA faces a constrained supply of new lowrise homes coming to market due to a lack of serviced developable land. This significantly affects housing choice for newhome buyers.”
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Colourful living on Yonge at Eglinton
Life happens between the lines at the Whitehaus From the mid $200’s Welcome to Whitehaus, midtown’s most connected condominium community, steps to the subway, restaurants and all the excitement and energy of Yonge and Eglinton. With its defining architecture and inspiring amenities, Whitehaus is set to be an iconic new destination in this vibrant neighbourhood.
Register now I whitehaus.ca Prices and specifications subject to change without notice. E. & O. E. Illustration is artist’s concepts. Brokers protected. Exclusive broker listing: Baker Real Estate Incorporated.
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A COMBINATION RARELY OFFERED. AN ICON RARELY SEEN. Located on the northeast corner of Lake Shore Blvd. and Bathurst St. in downtown Toronto, rising majestically above an iconic structure, The LakeShore will be one-of-a-kind. Exceptional lake and city views. 50,000 sq. ft. Loblaws flagship supermarket, 11,000 sq. ft. restaurant, and 88,000 sq. ft. of additional retail. Refined suite design. Inspired features and finishes and a compendium of life, health, and fitness amenities like none other. This is The LakeShore. Life in full. Visit TheLakeShoreCondo.ca.
416-813-0999 TheLakeShoreCondo.ca FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 29
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Trending
Festive Chinese New Year celebration A colourful tribute to Fifth On The Park RECENTLY, THE EMERALD CITY
TOP
Netanel Ben Or, executive vice president business development & marketing, Emerald City Developments IV (B2) Inc. with Kathy Grant, project manager, Baker Real Estate Incorporated celebrating the Chinese New Year at the Emerald City presentation centre.
BOTTOM
(L-R) Ping Lo, Richard Lo and Kevin Lo dropped in to the Emerald City presentation centre to help celebrate the Chinese New Year, and to check out the limited-time incentives at Fifth on the Park Condominiums.
PHOTOS BY: ARTHUR PHOTOGRAPHY
presentation centre in North York was the scene of a festive Chinese New Year event to celebrate Fifth on the Park, the fifth condominium in this dynamic master-planned community at Sheppard Avenue East and Don Mills Road. The mood was electric, as guests were treated to a colourful lion dance performance, lucky draws, delicious food and incredible purchase incentives. For a limited time only, qualified purchasers at Fifth on the Park can still take advantage of buying with a 10 per cent deposit (5 per cent due in 30 days, another 5 per cent due in 120 days, and the remaining 10 per cent due on occupancy). Buyers will also receive a credit equivalent to two years of maintenance fees (based on the 2015 estimated budget — ask a sales representative for details). Plus, suite owners will have permission to have non-purchaser occupants during the interim occupancy! One of the newly released suites at Fifth on the Park is the Millennium Park 2, and for a limited time, this one-bedroom plus den design is available from $253,900. With only 10 per cent down, the opportunity is phenomenal. This new layout features a den at the entry and an open-concept main living area infused with natural light from sliding doors to the balcony. Visit the model section of the Emerald City presentation centre, for a true appreciation of how well the suites are designed. This area showcases many of the standard finishes, which include wide longplank laminate flooring, approximately nine-ft. ceilings, stainless steel kitchen appliances and an integrated dishwasher. Buyers can choose from four pre-selected packages. Strikingly contemporary, Fifth on the Park will rise to approximately 24 storeys from a podium that will
MORE TRENDING ONLINE ypnexthome.ca/news
house retail venues on the ground floor. Among the residence’s planned amenities will be a modern lobby with concierge service and a WiFi lounge. In addition, residents will share other envisioned amenities with The Colours of Emerald City, including an indoor pool, hot tub, his and hers change rooms and saunas, an arcade/ games centre, karaoke and theatre room, and fitness room. To entertain and host gatherings, residents can access a lounge and an outdoor patio/dining area, plus a barbecue area. Purchasers span the spectrum from millennials and first-time buyers to downsizing empty nesters. Suite sizes go up to approximately 818 sq. ft., and prices begin from the
mid-$200s. Considering Fifth on the Park’s location, the prices are irresistible. Master-planned Emerald City is close to the Don Mills subway station and fabulous Fairview Mall. Plus, Emerald City is home to the Parkway Forest Community Centre, as well as an iconic public art installation by the renowned Douglas Coupland. The Emerald City presentation centre is located on Sheppard Avenue, just east of Don Mills Road, across from Fairview Mall. For hours and more information, call 416.492.0001 or visit fifthonthepark.ca.
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North York’s Success Story
Near Fairview Mall and Don Mills Subway† NOW UNDER CONSTRUCTION Last Chance at Pre-Construction Prices! From the mid $200’s
EMERALD CITY IS NEAR DON MILLS AND SHEPPARD AVENUE
A BOLD AND DRAMATIC PRESENCE IS EVOLVING AT DON MILLS ROAD AND SHEPPARD AVENUE.
THE MASTER PLANNED COMMUNITY OF EMERALD CITY. ✓ Buy with 10% Down† ✓ Special Incentives†† ✓ New One+Den Designs Fair view Mall
SHEPPARD AVE Presentation Centre Forest Manor Rd.
HW Y 401
N
HW Y 404
DON MILLS RD
T TC
Fifth onthePark.ca Visit our Presentation Centre directly across from Fairview Mall on Sheppard Avenue PRESENTATION CENTRE Mon-Thurs 11-6 pm :: Saturday & Sunday 12-5 pm For more information, call 416.492.0001
EXCLUSIVE LISTING: BAKER REAL ESTATE INCORPORATED BROKERAGE. † 5% due in 30 days, 5% due in 120 days and the remaining 10% is due on interim occupancy. Offer limited to qualified Fifth on the Park purchasers only. † † Ask sales representative for details. Incentives and offers are subject to change and may be withdrawn at any time without notice. Offers and incentives may not be combined with any other offers or incentives. Views are subject to change without notice. The image is for illustrative purposes only and in no way represents or guarantees the views nor represents or guarantees any condition at present or in the future, which may obstruct or impede the views, including but not limited to current or future construction plans by the developer or others. Neither the developer nor its agents make any guarantees of the existence of any view from any unit or location within Emerald City. The Fifth on the Park is the second tower out of three proposed towers within this phase. Rendering is an artist’s impression. All prices, sizes and specifications are subject to change without notice. E.&O.E. Brokers Protected.
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BALCONY BALCONY BALCONY 6' 1"FT X 9' 10" = 60 SQ FT 6' 1" X 9' 10" = 60 S 6' 1" X 9' 10" = 60 SQ
RIPPLE RIPPLE OF THEOF MONTH: RIPPLE SUITESUITE OF THE MONTH: SUITE THE MONTH:
17'-0"
17'-0"
2 BEDROOM 2 BATHROOM 802 SQ FT 802 SQ FT 2 BEDROOM + 2 BATHROOM 802+ SQ FT 2 +BEDROOM 2 BATHROOM
17'-0"
LIVE
LIVE
LIVE
ALL FLOORS ATPRICED $398,888* ALL FLOORS PRICED AT $398,888* ALLPRICED FLOORS AT $398,888*
BALCONY
BALCONY
SPECIAL LIMITED TIME PROMOTION* SPECIAL LIMITED TIMELIMITED PROMOTION* SPECIAL TIME PROMOTION*
16'-8"
16'-8"
BALCONY
16'-8"
· OVER $18,000 IN SAVINGS!*IN SAVINGS!* · OVER $18,000 IN· OVER SAVINGS!* $18,000
KITCHEN
KITCHEN
DW
FR DW
FR
KITCHEN DW
FR
$8,000 DISCOUNT purchase price* $8,000 DISCOUNT on purchase price* PARKING $8,000on DISCOUNT on purchase price* INCLUDED PARKING (value of $25,000)* INCLUDED (value of $25,000)* PARKING INCLUDED (value of $25,000)* FREE(value LOCKER (value of $3,500)* FREE LOCKER ofFREE $3,500)* LOCKER (value of $3,500)* $800 ASSIGNMENT (value of $5000)* $800 ASSIGNMENT (value $5000)* $800ofASSIGNMENT (value of $5000)*
SPECIAL DEPOSIT PROGRAM!* SPECIAL DEPOSIT PROGRAM!* SPECIAL DEPOSIT PROGRAM!*
WD
SAILCONDOS.CA SAILCONDOS.CA SAILCONDOS.CA 416.756.7245 416.756.7245 416.756.7245
BEDROOM
WD
BATH
BEDROOM
BATH 8'-10"
8'-10"
FOYER
9'-10"
10'-0"
10'-0" BEDROOM FOYER
BATH WD
9'-3"
BEDROOM
BATH
8'-10"
10'-0"
BEDROOM
9'-3"
9'-3"
SHEPPARD 2933 SHEPPARD2933 AVENUE EAST, AVENUE 2933 EAST, SHEPPARD AVENUE EAST, 401/EAST OF VICTORIA PARK AVENUE 401/EAST OF VICTORIA PARK AVENUE 401/EAST OF VICTORIA PARK AVENUE
CONDOMINIUMS
032-Opearl-Sail 02-13-16.indd 32
BEDROOM
BATH
BATH
$3,000 Upon Signing $3,000 Upon Signing $3,000 Upon Signing Balance 2.5% in 120 daysin 120 days Balance of 2.5% of in 120 days Balance of 2.5% • No wasted space • No wasted space • No wasted space 2.5% in 2402.5% daysin 240 days 2.5% in 240 days FOYER • Smart kitchen• Smart layoutkitchen layout • Smart kitchen layout with windows with windows with windows 2.5% in 3652.5% daysin 365 days 2.5% in 365 days Enjoy great North • Enjoy great •North • Enjoy great North 2.5% in 540 daysin 540 days 2.5% in 540 days 2.5% viewslight for eveningviews light for evening light views for evening 5% onFinal occupancy Final 5%Final on occupancy 5% on occupancy
*Limited time ONLY. *Limited time ONLY. Offerings and Incentives areOfferings and Incentives *Limitedare time ONLY. Offerings and Incentives are subject to without notice. E.subject & O.E. to See Sales without notice. E. & O.E. See Sales subject to change without notice. E. change & O.E. See Sales change Representative for details. November Representative 30 2015. Representative for details. November 30 2015. for details. November 30 2015.
9'-10"
9'-10"
CONDOMINIUMS
CONDOMINIUMS
SALES OFFICE HOURS: SALES OFFICE HOURS: SALES OFFICE HOURS: MONDAY - THURSDAY: 12-6 PM,- THURSDAY: 12-6 PM, MONDAY - THURSDAY: 12-6 PM, MONDAY SATURDAY - SUNDAY:SATURDAY 12-5 PM, - SUNDAY: 12-5 PM, SATURDAY - SUNDAY: 12-5 PM, CLOSED FRIDAYS CLOSED FRIDAYS CLOSED FRIDAYS PRIVATE APPOINTMENTS AVAILABLE PRIVATE APPOINTMENTS AVAILABLEPRIVATE APPOINTMENTS AVAILABLE OUTSIDE OUTSIDE OFFICE HOURSOFFICE HOURS OUTSIDE OFFICE HOURS
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R I V E R C I T Y AWA R D S T O R O N T O U R B A N D E S I G N AWA R D 2 0 1 5 P E O P L E ' S C H O I C E AWA R D 2 0 1 4 B I L D AWA R D 2 0 1 3 A N D 2 0 1 5
EXTREME ARCHITECTURE.CA FROM THE LOW $200’S TO $1.4 MILLION PRESENTATION CENTRE AND MODEL SUITE AT KING EAST + LOWER RIVER MON-THURS 12-6 PM SAT & SUN 12-5 PM EXTREMEARCHITECTURE.CA 416.862.0505
QUEEN ST E
KING ST E
RIVER ST
Renderings are an artist’s impression. Prices are subject to change without notice. E.&O.E.
NOW UNDER CONSTRUCTION
N
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Trending
Altus Group releases results of 2015 real estate review Significant new home sales and residential land transactions demonstrate industry confidence
ALTUS GROUP LIMITED, a leading
provider of commercial real estate services, software and data solutions, released results of its 2015 Real Estate Review (the “Review”) of the GTA’s 2015 new-home market. The Review indicates a resilient housing market that includes new record highs for both low and high density residential land sales, strong price increases (especially for lowrise homes) and strong sales overall, despite an environment of modestly elevated highrise completions. In 2015, residential land transactions in the GTA grew by 49 per cent to a record $4.2 billion. Specifically, low and high density residential oriented investments achieved record highs of $1.7 billion each suggesting, “continued levels of strong industry confidence in the prospects for residential development,” according to Altus Group’s Vice President and Chief Economist, Peter Norman. “Altus Group’s review of the GTA’s commercial and residential real estate markets speaks to a mature market that continues to grow,” adds Norman. “While the overall Canadian economy faces headwinds, the GTA economy is picking up steam and this is clearly reflected by the 2015 data on residential land sales, low and highrise new home sales and, of course, in the level of resulting construction.” Norman further states that the lowrise sector in particular is, “one to watch for in 2016 as new development lands come on stream,
MORE TRENDING ONLINE ypnexthome.ca/news
sales pick up and single-family housing starts continue to recover from a long drought.” Lowrise new home sales continue to rise, up 8 per cent over last year. In 2015, 19,637 lowrise sales were recorded, approximately 15 per cent higher than the 10 year average, while the annual sales totals were the third highest over the last decade. At the end of 2015, the average lowrise sale fetched $829,766, up 18 per cent from the same period in 2014. By contrast, the average price for a highrise home in the GTA was $453,083, essentially unchanged from a year earlier. “It’s not surprising, given the continued degree of pent-up demand for lowrise homes in the GTA, and the still-tight conditions on residential land, that the new-home price index continued to climb in 2015,” says Norman. “A widening gap between the growth in lowrise home prices and highrise home prices is further evidence of this trend.” While highrise homes remain significantly more affordable, the highrise market saw a slight reduction of 2 per cent in total sales year over year. Despite this small reduction in total sales, the highrise market still managed to sell 21,658 units in 2015, the fourth highest number of annual sales in the last decade. “What’s most fascinating about the sustained energy of the highrise market is that it was achieved while the industry delivered the second highest number of completions in the last decade,” says Norman. Down from last year’s 24,426 completions, the market delivered 20,625 highrise units in 2015. The positive sales results for both low and highrise homes has encouraged ground related land prices to remain level with previous years. In the GTA, low density oriented sites averaged $812,345 per acre in 2015, while medium density or townhouse oriented development sites were down slightly from the record levels in 2014, with a price per acre averaging $1,834,818. These results were previously released under the REALNET Canada name. Going forward they will be released by Altus Group, a leading provider of independent advisory services, software and data solutions. For information on Altus Group, visit www.altusgroup.com.
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INTEREST*
M LI
CALL FOR A PERSONAL APPOINTMENT 647.622.8408 OR VISIT THE SALES CENTRE 591 SHEPPARD AVE. EAST.
IT
ED
UP TO
TI
M
E
O
FF
ER
,000 CLOSING CREDIT**
VILLAGERESIDENCES.CA
* Price, information and program subject to change without notice. For qualiďŹ ed buyers on approved credit. 8% interest offer provided upon the earlier of (i) 12 months from the day the Vendor receives the full 15% deposit or (ii) the day the proposed unit is available for possession or occupancy, the Vendor will pay simple interest at a rate of 8% per annum, to be credited on unit transfer date. ** Discount based on model type purchased. Restrictions apply. Not co-operating with this promotion. Limited time offer. See Sales Representative for details. E&O.E.
VRES 45079 Condo Guide FP Ad_final.indd 1 035-Liberty-Village 02-13-16.indd 35
2016-02-04 10:29 AM 2016-02-08 6:17 PM
UP TO
$5,000 CREDIT
*
+ 1 YEAR FREE MAINTENANCE*
LOVE THE NEIGHBOURHOOD! JOIN US SUNDAY FEB. 21ST 1:00 - 3:00 PM AT OUR SALES CENTRE FOR A SEMINAR ABOUT THE BENEFITS OF LIVING IN THIS MASTER-PLANNED COMMUNITY
CENTRE ST.
YONGE ST.
BEVERLY GLEN BLVD.
BATHURST ST.
407
TTC/VIVA
LIMITED TIME OFFER! CONDOS AT THORNHILL CITY CENTRE FROM THE 300’s A landmark family community in the heart of Thornhill with a spectacular 5-acre park at its centre.
STEELES AVE. W.
READY!
Sales Centre on Beverley Glen Just West of Bathurst Bathurst & Centre Street
TCCF 45063 Condo Guide FP Ad.indd 1 036-Liberty-Legacy 02-13-16.indd 36
LegacyParkCondos.com | 905-731-8302 Prices, specifications and availability subject to change without notice. All images are artist concept. See Sales Representative for details. E.&O.E. *Credit on closing. Limited time offer. On select units, non-transferrable.
2016-02-04 10:19 AM 2016-02-09 11:20 AM
MOVE IN NOW WITH ONLY
5% DOWN PAYMENT*
RICHMOND HILL
DANFORTH AVE.
281,000 $ M O R F E LIV
$303,000 LIVE FROM
278,000 $ M O R F E LIV
HWY 407
7163 Yonge St., Unit #124 WorldOnYonge.ca | 905-771-7010
READY!
DA NF OR TH RD .
READY!
LESLIE ST.
BAYVIEW AVE.
BAYVIEW AVE.
AVE .
YONGE ST.
DON CAS TER STEELES AVE.
HWY 7
VE. IA A SCOT
READY!
. AVE DEN WAR
JOHN ST.
ROCKWELL RD.
YONGE ST.
N
AVE. ORTH DANF
3520 Danforth Ave. RoyalGardensCondos.ca | 905-889-9997
TerraceOnDanforth.ca | 416-987-7575 . AVE DEN WAR
DA NF OR TH RD .
VE. IA A 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 toTHchange AVE. OR DANF without notice. For qualified buyers on approved credit. Balance due on closing. All renderings are artist’s concept. Prices, specifications and availability subject to change without notice. E&O.E. Brokers protected. See Sales Representative for details.
FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 37
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Advice | LEGALLY SPEAKING
Financing, and what happens if it goes wrong? By Jayson Schwarz
MORE ADVICE ONLINE ypnexthome.ca/news/advice
BEFORE YOU GO new-home 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. Don’t be afraid to shop around for rates 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 goes wrong? 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 purchasers default, they will likely lose their deposit. The builder will then have the option of suing to force them to close the deal and pay
all legal fees related thereto, or sue them 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. When you select a lawyer, find one who cares about you and a long-term relationship. 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.
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Trending
Mattamy Homes becomes major partner with Cycling Canada MATTAMY HOMES, North America’s
largest privately owned home builder, has become a Tier 1 partner with Cycling Canada. Through a one-year partnership, Mattamy Homes will provide critical program funding for Canada’s National Track Cycling team as they prepare for the 2016 Olympics in Rio de Janeiro. The support provided by Mattamy will help to deliver key resources such as technical services, sport science, logistical support as well as year-round accommodation for Canadian team athletes near the velodrome in Milton, the Mattamy National Cycling Centre. Mattamy, and its founder and CEO Peter Gilgan, played vital roles in the development and construction of the Mattamy National Cycling Centre, which hosted the Toronto 2015 Pan-American Games last July. The facility, Canada’s only UCIapproved 250-m indoor velodrome, is now the home training base for Canada’s National Track Cycling program and has become an invaluable asset for Canada’s cyclists as they target the World Championship and Olympic podium. “It takes passion and dedication to compete at the level that our national track cycling athletes do, and we’re very proud of all of them for their commitment,” says Gilgan. “To succeed it also takes financial support and access to world-class training and facilities. At Mattamy, we’re very pleased to be able to help and to continue to be associated with cycling excellence as we support our national team on their road to Rio.” Also on hand for the announcement was three-time Olympic medalist Curt Harnett, as well as six current members of the Canadian National Cycling Team.
MORE TRENDING ONLINE ypnexthome.ca/news
The athletes are in Milton making their final preparations for the UCI Track Cycling World Championships, which will be held March 2 to 6 in London. “With the velodrome now in place it is fantastic to see the private sector partners once again stepping up to ensure that the athletes have the programs and resources required
to fully capitalize on the facility,” says Harnett. “Mr. Gilgan was a clear leader in the development of the velodrome and we’re very grateful for Mattamy’s leadership and support here once again.” “It’s going to be amazing when the first Canadian cyclists who train here realizes their Olympic dreams, whatever those might be,” says Gilgan.
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WELCOME H2OME
Buy now and receive $50,000 in savings plus 3 Years Free Maintenance on select suites
MOVE IN TO YOUR SPECTACULAR WATERFRONT HOME THIS YEAR
DISCOVER BEAUTIFUL BOUTIQUE LIVING RIGHT ON THE LAKE SHORE
Overlooking the spectacular city skyline, wrap-around balconies provide this 50-Storey gem a brilliantly distinctive appearance.
A remarkable 16-storey residence with a 5-storey podium offers resort style-living and clear views of Lake Ontario and the Toronto skyline.
ETOBICOKE WATERFRONT MOVE IN 2016 UNDER CONSTRUCTION 712 to 1,372 Sq.Ft. From $529,990 (Price shown before incentive)
Buy Now and receive up to $ 45,000 in savings on select suites
ETOBICOKE WATERFRONT READY EARLY 2017 UNDER CONSTRUCTION 616 to 1,188 Sq.Ft. From $362,990 (Price shown before incentive)
FOR MORE INFORMATION REGISTER AT MATTAMYHOMES.COM FOLLOW US: SALES CENTRE ADDRESS: 2167 Lake Shore Blvd. West, Etobicoke, ON, M8V 0A8 • 647-347-5930 WINTER SALES CENTRE HOURS: Monday - Thursday 12 pm - 6 pm; Friday By Appointment Only; Saturday - Sunday 11 am - 6 pm Prices, specification and promotions are subject to change without notice. Renderings are artist’s concept and images are for mood and impression only. E.&O.E. March 2016.
Neighbourhood Profile
Bloor West Village Well established and highly desired By Wayne Karl
Fast facts Average household income
$160,544
Family structure
FAMILIES
COUPLES
SINGLES
46%
30%
24%
Own vs. rent
75% OWN
25%
MORE PHOTOS ONLINE ypnexthome.ca/bloor-west-village
RENT
Most popular car brands LOCATED ALONG BLOOR STREET
from Jane Street on the west to Runnymede to the east, Bloor West Village is an older, well-established yet lively neighbourhood populated mostly by English-speaking families with higher incomes — and a notable Ukranian community. It’s a favourite west end locale for shopping and dining, with quality, older homes on the subway line. Vibe Being so close to High Park, many neighbourhood residents enjoy an active, outdoor lifestyle on the go, and Bloor West Village has the sports shops and fitness options to serve them. Everyday shopping is an enjoyable stroll along Bloor Street, where you’ll find several fresh fruit and vegetable stands, coffee shops, banks, restaurants, pubs and just
about anything else you could want. Meet the Neighbours Ukranian heritage is celebrated at the Ukranian Festival every September – this year Sept. 18 to 20. Most housing is single-family homes, many built in the 1950s and 60s, followed by semi-detached as you move north from Bloor toward Dundas Street West. Note to renters: apartments are limited, so head east towards High Park for several mid- and highrises. In The Area Not the cheapest of neighbourhoods to buy in, but prevalence of singlefamily homes, proximity to the subway and High Park well… has its price. Planes, Trains & Automobiles With three subways stops in the neighbourhood — Jane, Runnymede
1
2
3
TOYOTA
MAZDA
CHEVROLET
SOURCE: ENVIRONICS
and High Park — you can be downtown, or west to Kipling, in no time. For those who prefer to drive, the Queensway and the QEW are minutes away, and Bloor Street is always another option. Real Estate Primo location right on the subway line makes getting around a breeze, and bodes well for property values. Popularity of the area, and its proximity to High Park, means traffic is sometimes a headache — particularly as condo construction ramps up at Jane Street and further east at High Park.
Wayne Karl is an award-winning writer and editor with experience in real estate and business. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at Twitter.com/WayneKarl
FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 41
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Property Profile | BAZIS & PLAZA
Location
Yorkville Ave. & Yonge St. Builder
Bazis & Plaza Development
1 Yorkville Home Type
One- to three-bedroom plus den units Sales Centre
162 Cumberland St. Contact
416.519.2911 bazis.ca/1-yorkville
Bazis & Plaza Construction has started at 1 Yorkville IF YOU’VE WALKED along Yonge Street just south of Yorkville Avenue recently, you may have noticed a strip of boarded up buildings on the west side of the street. Stretching from 836 to 850 Yonge St., these are the heritage storefronts that will eventually become a part of the much anticipated 1 Yorkville residences by Bazis and Plaza. And while
the site may seem to be quiet on the outside, there’s been plenty of action happening inside and to the rear of the buildings. Over the past several months, the rear portion of the mid-19th century era buildings have been torn down while construction crews have been diligently working on the heritage stabilization of the preserved backsides. The process involved reinforcing, bracing and installing carbon fibre and steel reinforcements to specific areas in preparation for future restoration and the next phase of construction. Now that the rear of the site is all cleared, crews will soon begin the process of shoring and excavation of the pit. When completed in 2018, the first 10 metres of the heritage buildings will be fully restored, and will provide ground level retail on the Yonge Street side of the project’s podium. However, the heritage façades aren’t the only architectural highlight of the development. Soaring 58 storeys high, the Rosario Varacallidesigned tower will feature a dynamic “3D wallpaper” design, consisting of ribbons of faceted metal and steel cladding. The exoskeleton is not only eye-catching, but appears to transform depending on light conditions, shadows and where it’s viewed from. Inside, the suites at 1 Yorkville are
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MORE PHOTOS ONLINE ypnexthome.ca/1-yorkville
characterized by luxury features, finishes and amenities one would expect from the prestigious address. The open-concept floorplans were designed to maximize the views with expansive floor-to-ceiling windows, nine- and ten-ft. smooth-finished ceilings and large balconies. Some of the larger suites offer premium kitchens with Sub-Zero and Wolf appliances, large walk-in closets and luxurious ensuites. Residents of 1 Yorkville will also have access to three levels of luxurious amenities spread across
the fourth and fifth floors, and the rooftop. These include a luxurious spa with an outdoor pool, hot tub, hot and cold plunge pools, zen garden and a fully-equipped CrossFit studio. On the rooftop, the large amenity deck, outdoor cinema and fire pit lounge are ideal spots for entertaining, while the sun deck is perfect for rest and relaxation. A signature concierge service will also be available, offering 24-hour service for dining, theatre or concert reservations, laundry and dry cleaning services, pet care, housekeeping,
interior design and more. Available suites at 1 Yorkville start from $440,000 and range in size from 451 sq. ft. to more than 1,800 sq. ft. For more information on 1 Yorkville, register online and visit the presentation centre located at 162 Cumberland St., open Monday to Thursday from noon to 6 p.m., weekends from 11 p.m. to 5 p.m. and Fridays by appointment. Email info@1yorkville.ca or call 416.519.2911. FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 43
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You’ve arrived.
COMING SOON 3-Storey Townhomes Burlington at Aldershot GO Station from the high
300’s
$
If a modern vibe is what propels you, then this is your station. Go and arrive in style from StationWest, where smart, open concept 2 and 3 bedroom townhomes ranging from 1,200 to 2,100 sq.ft. make up this uber-connected, masterplanned community. Register Now for opportunity to preview.
Join us on
REGISTER NOW! AdiDevelopments.com Exclusive Listing: Baker Real Estate Incorporated, Brokerage. Brokers Protected. Illustration is artist’s concept. Prices and specifications to change without notice. E. & O.E. 44 YPNEXTHOME.CA
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LOCATION IS EVERYTHING.
YONGE & BLOOR
QUEENS QUAY & SHERBOURNE
YONGE & RICHMOND
$580,000s
$350,000s
$470,000s
• Only 10% down • Direct access to subway lines • Now under contruction • Move in next year!
• Now under construction • Experience the best of city and waterfront living • OHBA High-rise of the year
• Steps to the PATH, Eaton Centre and subway • BILD and OHBA project of the year • Now under construction
By appointment
For 40 years Great Gulf has been building homes. Over 40,000 families across Ontario are now living in a Great Gulf community. Visit our sales centres today.
Illustrations are artist’s impression. Prices, sizes and specifications subject to change without notice. E.&O.E. Exclusive Listing: Backer Real Estate Incorporated, Brokerage, Brokers protected. Offers valid on select suites only and are limited time only. Offer subject to change or withdrawal without notice. See sales representative for details.
FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 45
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musĂŠe pool
Pure water. Purely Refreshing. Pure Plaza.
pureplaza.com
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MOVE IN
2016
musée courtyard
PLAZA COMMUNITIES:
One Bedroom + Den 612 sq.ft. from
$
$
MOVE IN NOW
342,900*
York Harbour Club 35 Bastion Street & 38 Grand Magazine Street, Sales Office located at 86 Sloping Sky Mews (TH06) 416.214.4517
Three Bedrooms 1,034 sq.ft. from
595,900*
musée lobby
parking included
Ivory on Adelaide 400 Adelaide St. East, Toronto Sales Office located at 400 Adelaide St. East, Unit 1 647.344.0379 NOW UNDER CONSTRUCTION Musée - Occupancy Date Fall 2016 Pre-construction Pricing 525 Adelaide Street West, Toronto Sales Office located at 86 Sloping Sky Mews (TH06) 416.214.4517 NOW OPEN 50 at Wellesley Station Occupancy Date Fall 2018 50 Wellesley St. East, Toronto Sales Office located at 400 Adelaide St. East, Unit 1 647.344.0379 1 Yorkville - Occupancy Date Fall 2018 1 Yorkville Ave., Toronto Sales Office located at 162 Cumberland St. 416.519.2911 COMING SOON The Met at Vaughan Metropolitan Centre Vaughan across from the NEW TTC Subway Station
Only
5%
Theatre District Tower on Adelaide
Down
170 Spadina at Queen
PLEASE ASK SALES REPRESENTATIVE FOR DETAILS.
CLOSING COSTS INCLUDED PARKING AVAILABLE $25,000 ON ALL UNITS LOCKERS INCLUDED
musée party room
PRESENTATION CENTRE
Presentation Centre Hours: Mon–Thurs: 12pm–6pm Fri: Closed Weekends & Holidays: 11am–5pm
located at 86 Sloping Sky Mews (TH06) Call 416.214.4517 or visit pureplaza.com
register at pureplaza.com
musée pool
Keep updated by following us: *Prices and specifications subject to change without notice. Plaza® and Pure Plaza® are registered trademarks of Plazacorp Urban Residential Communities and used under license. All rights reserved. E.&O.E. November 2015.
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Property Profile | PLAZA & BERKLEY DEVELOPMENTS
The Met New project from Plaza and Berkley Developments boasts city centre location and subway connections IT WOULD BE A VAST understatement to say that the launch of The Met, a sleek 35-storey condominium by Plaza and Berkley Developments in the heart of the burgeoning Vaughan Metropolitan Centre, was hotly anticipated. The project, located at Highway 7 and Jane Street, saw 300 of its 511 units snapped up in the first week of sales, putting it well on the path toward a sellout. “I believe this will ultimately be regarded as one of the most successful condo developments in Vaughan’s history,” says Plaza Senior Vice President Scott McLellan. “It’s easy to see why: it’s got a prime location in Vaughan’s emerging city centre, with two stops on the TTC subway extension providing direct connections to York University and downtown Toronto.” Residences at The Met range from 510-sq.-ft. one-bedroom units to 875-sq.-ft. two-bedroom plus den suites. Prices start at $286,000 — $100 per square foot cheaper than comparable products downtown, making The Met ideally suited for first-time buyers, or parents looking to purchase a unit for kids attending York U. There’ll also be 62 townhomes — from 1,250 to 1,490 sq. ft. — with private rooftop terraces and convenient underground parking, ideal for the empty nester couple looking to sell their large home and move into a worry free lifestyle. Finishes and features considered upgrades elsewhere come standard at The Met. Buyers can expect luxurious touches in each suite: kitchens equipped with quartz countertops and undermount sink, Moen faucets and six 48 YPNEXTHOME.CA
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premium stainless steel appliances; and bathrooms boasting ceramic or porcelain tile, deep soaker tubs and glass-walled showers. Most units will have balconies. The Met offers an array of amenities too. Residents looking to tone up can head to the fitness centre, followed by a relaxing trip to the whirlpool and spa. Hosting friends? The Met is well equipped to assist, with a party room, dining room and catering kitchen. Or invite your crew to chill in the building’s outdoor lounge, complete with barbecues. And a 24hour concierge means security and convenience are assured. Designed by Quadrangle Architects, The Met enjoys a prime location at the crux of Vaughan’s new city centre, where 12,000 residents are expected to move in coming years. They’ll work in new office buildings there and sample from a growing roster of retailers. Vaughan Metropolitan Centre is already home to Vaughan Mills, Canada’s largest shopping
centre. Those looking to get back to nature can find sanctuary at Kortright Centre for Conservation, one of several nearby green retreats. Quality and craftsmanship are guaranteed at The Met, given its creation is being led by Plaza, Toronto’s leading condo development firm, with more than 7,000 suites completed or under construction in the city’s most desirable locations. The company’s slate of high-profile projects includes 50 at Wellesley Station, Exhibit, 1 Yorkville, Musée, Ivory on Adelaide and York Harbour Club. Joining forces with Plaza on The Met is Berkley Developments, among the GTA’s finest luxury builders, with a stable of award winning communities such as Massey Square, West Harbour City, University Plaza and Bayview Court. “With a team like this, you know you can count on exceptional levels of quality and professionalism at The Met,” says McLellan. “And whether
Location
Highway 7 & Jane Street Builder
Plaza and Berkley Developments Development
The Met Home Type
one- to two-bedroom plus den units Contact
416.481.2222 pureplaza.com it’s the building’s top-notch features and finishes, or the fact that the development’s in the thick of the GTA’s hottest new city centre, buyers can be assured their suites will have greater market value today, and lasting value for tomorrow.” For more information on The Met, visit pureplaza.com, call 416.481.2222 or e-mail info@plazacorp.com. FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 49
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Trending
88 North will offer residents a sense of community downtown 88 IS THE LATEST PROJECT by St.
Thomas Developments. Occupying a full city block in downtown Toronto, it will include residential and retail buildings as well as a park. St. Thomas is well known for their quality and impeccable design, having successfully completed eight major residential condo developments in the GTA. 88 North is the first phase of this master-planned, multi-tower, mixed-use urban development. It will integrate residential living with vibrant retail, restaurants, food stores and a hotel in a unique setting. The site is bounded by Queen Street East to the south and Shuter Street to the north, covering the block between Mutual and Dalhousie streets. A stone’s throw away from Yonge Street, the financial core, Ryerson University and many parks that dot Toronto’s Garden District to the east, 88 will be an exciting addition to the city’s skyline. Rising 27 storeys, this will be the northern anchor of a development that will include three residential towers, each planned to have a distinctive architectural presence. The towers will sit atop a unifying mixed-use streetfront podium. Pedestrian connections will scale the block and allow public access into a central north-south mews lined with shops and cafes, reminiscent of romantic European lanes. The mews is intended to bolster a sense of community and includes an intimate park inspired by spaces like Paley Park in New York. A true gathering space, the park will be accessible to the public. 88 North is situated between the park and Shuter Street. The base,
at street level, will be dominated by food-related retail with retractable glazed storefront partitions that can open in good weather. The use of stone in the seven-storey podium will enrich the material palette and ground the project. It will also assist in distinguishing the public retail spaces from the residential entrance. The residential lobby, planned for the intersection of Shuter and Mutual, will define the corner with a glazed screen wall. Trees along Mutual will soften the east face of the project and create a green canopy for the residential lobby. The podium is designed as a series of stacked glass boxes that will enclose two-storey loft units. These will be unique residences with double volume living rooms, upperlevel bedrooms and deep enclosed balconies. These balconies can be furnished and used as semi-enclosed outdoor rooms, but their design will conveniently allow for them to be completely enclosed in bad weather. The glass boxes of the podium will be composed as a series of interlocking objects that will add to its architectural interest. The interplay of these boxes will create scale, light, shadow and a dynamic façade. In addition to many planned indoor amenity spaces including an exercise room, party room and media room, the centrepiece of the outdoor amenities will be a swimming pool situated atop the podium, surrounded by a landscaped deck. The glass tower will be playfully punctuated by different balconies to create an asymmetrical composition. The culmination of this sculptural composition will be the penthouse
blocks that will mark the northeast corner of the tower. 88 North is the first of a series of distinguished towers to arrive at this prominent address and are priced from $230,000, with units ranging from 380 sq. ft. to 701 sq. ft. The residence offers both resident parking as well as visitor parking too. The assembly of towers, retail, hotel podium, the mews between them, and the urban park will create an exciting place for the nearby residents to visit and for many to call home.
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MOVE IN SPRING 2016! YONGE STREET IN THE HEART OF RICHMOND HILL
REGISTER NOW FOR FINAL TOWER
grandpalace.ca
Final Tower Occupancy in 2017! LIVE LIFE
Luxury Condominiums STARTING FROM
$250,000
SALES CENTRE: 9612 Yonge Street MONDAY - THURSDAY 12PM - 7PM FRI., SAT., SUN. & HOLIDAYS 12PM - 6PM
905.907.4370 grandpalace.ca
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Prices & specifications subject to change without notice, E. & O. E.
2016-02-08 6:17 PM
luxury homes and condos to life N FALL 2015 | GTA EDITIO
created exclusively to showcase luxury homes and condo developments, Luxury Living is the first premium magazine of its kind.
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discerning shoppers will enjoy browsing sophisticated design and editorial, and most importantly, the quality selection of premium, high rise and low rise developments in the GTA.
Sitting pretty:
GTA’s living the high life in the condos and es hom ous uri most lux ON PAR: LIFE IN GOLF COMMUNITIES
LUX HIGH-END LIVING: THE CONDO EVOLUTION
Cover photo courtesy of
FALL ISSUE NOW AVAILABLE
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2016-02-09 11:47 AM
FOREST HILL LIVING JUST GOT A LITTLE MORE INTERESTING
NOW UNDER CONSTRUCTION SUITES STARTING FROM THE HIGH
$300’s
An intimate, new building at 223 St. Clair West in Forest Hill. Modern amenities to keep you entertained. Transit that keeps you connected. Featuring luxurious Penthouse Suites with delightful vistas of the city and contemporary Townhomes with open-concept design.
VIEW VIRTUAL SUITE ONLINE Marketed by International Home Marketing Group. Prices and specifications are subject to change without notice. Renderings are artist’s concept only. E. & O.E. Brokers protected.
MADI-ZIG-A-AD-CONDOGUIDE-FEB1-1.indd 1 053-Madison-Zigg 02-13-16.indd 53
ZIGGCONDO.COM • 416.545.0223 sales@ziggcondo.com Get Social with us:
2/2/16 9:46 AM 2016-02-08 6:17 PM
Trending
Reclaimed wood: A trend we hope never ends By Jackie Marchildon
RECLAIMED WOOD isn’t a new trend in interior design, but it’s certainly an interesting one that continues to gain momentum. At the Interior Design Show 2016 (IDS16), we caught up with five wood-working companies to see what they have in store for this year.
Zenporium Displaying the first piece that caught my eye at IDS16, Zenporium speaks to a louder issue by using only guiltfree wood, or “reclaimed, salvaged or sustainable wood,” as co-owner Serene Gebara explains it. On top of being good to the environment, this company also happens to create some stunning furniture including a desk made with pieces of wood from an old boat. Wood Anchor One of the most minimalist and interesting booths at IDS16, Wood Anchor’s setup showcased their windrow table and stunning imbue light above it. Based out of Winnipeg, Wood Anchor creates sculpture furniture like this using salvaged trees and in this case, aluminum for the frame of the chandelier-like fixture. Artemano Although not all their pieces are made using repurposed wood, as many as possible are sourced from recycled wood from old fishing boats, railroads or home construction projects. Artemano’s furniture successfully showcases the versatility and warmth of wood in interior design. Storyboard Furniture With a ‘from tree to table’ mentality, Storyboard Furniture designs furniture from ill-fated or fallen trees. Their
Zenporium, zenporium.com
Wood Anchor, woodanchor.com
Zenporium, zenporium.com
Metalwood Studio, metalwoodstudio.com
Wood Anchor, woodanchor.com
MORE TRENDING ONLINE ypnexthome.ca/news
pieces are especially beautiful because they most often create furniture from a nostalgic piece of wood in clients’ lives — the idea is that a tree from your grandparents’ backyard could become a beautiful centrepiece in your family room. Metalwood Studio Working with salvaged wood, Metalwood Studio regularly relies on Century Mill Lumber to source their materials. Their wood is locally sourced and often from fallen trees or trees cleared by selective logging. Their pieces come in all shapes and sizes, and because no tree is the same, they are all one-of-a kind.
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CONDOMINIUM RESIDENCES AT AVENUE ROAD NORTH OF ST. CLAIR FROM THE $300’S TO OVER $2.5 MILLION* Thoughtfully designed, efficient suite layouts with oversized balconies/ terraces and extra bathrooms distinguish 609 Avenue Road from other developments. This is your opportunity to live amongst the City’s most prestigious neighbourhoods – Forest Hill and Deer Park. You will be
Top of its class
steps away from Upper Canada College and Bishop Strachan, as well as the many shops and cafes that the area has to offer.
LIVE STEPS AWAY FROM SOME OF TORONTO’S BEST PRIVATE SCHOOLS View our spectacular designer furnished MODEL SUITE today!
REGISTER NOW
609AVENUE.COM Upper Canada College STAT-609-A-AD-CONDOGUIDE-JAN26-2.indd 1 055-Madison-609Avenue 01-30-16.indd 55
*Prices and specifications are subject to change without notice. Rendering is artist’s concept. E. & O. E. Exclusive Listing Brokerage: Milborne Real Estate Incorporated. Brokers Protected.
1/26/16 12:22 PM 2016-02-08 6:17 PM
Inspiration
Tips to brighten your mood
and keep you warm and cozy this winter WITH THE DARK DAYS (AND NIGHTS) of winter upon us, it’s hard to stay upbeat and not want to curl up in a ball and hibernate until spring. Fortunately, I have some tips to help get you out of that winter funk, embrace our cold and dark climate, and stay warm at the same time.
that can be changed with the seasons. Another easy winter DIY project is to spice up your bland and outdated accessories; sometimes all it takes is a can of spray paint and some bright colours to really add punch to a space. I have used Krylon to spray bathroom drawer pulls, vases and even kids accessories that need new life and new colour!
Colour – You’d be surprised by the impact colour can have on your mood. Add colour into your space with your pillows and accessories — my Jo Alcorn pillows have great colours to choose from. A good trick I use is to fill a mirrored tray with white or bright accessories — this is an easy way to create a nice centerpiece
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Cozy Corner – Honestly, there is nothing I love doing more than curling up in front of a fire with a cup of tea and a good book on a cold winter’s night. Create a corner in your home that you can use as your chill-zone (without the chill that is!). If you’ve been thinking of installing a fireplace in your space and have access to natural gas, I …continued on page58
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What life needs...
GREAT AMENITIES Fans of the good life will love living at Southside. Besides the lush 7th floor Sky Garden, pictured above, you can enjoy the rooftop pool, the fantastic fitness and yoga facilities, party lounge and private dining room. Kids will find their happy place in the playroom and students their quiet place in the WiFi/Study Lounge. It’s all here for you, steps from the Wilson Subway, and minutes away from Yorkdale Shopping Centre and York University. Southside at Gramercy Park, it’s what life needs.
Priced from the $190’s. Register today at southsidecondos.ca
WILSON SUBWAY
WILSON AVE ALLEN RD
Coming soon to the Yorkdale community.
SOUTHSIDE HWY. 401 YORKDALE SUBWAY
Exclusive Listing: Cornerstone Marketing Realty Inc., Brokerage. Brokers Protected. Prices and specifications are subject to change without notice. E. & O.E. Illustrations are artist’s impressions.
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ONLINE …continued from page 56
Multifunctional spaces: Rooms that serve a dual purpose While some spaces in a home are typically allocated their own room — like a walk-in closet or an office — there are ways to design a space so that it serves a dual purpose. Here are our top picks for how you can kill two birds with one… room.
MORE INSPIRATION ONLINE
Closet/guest bedroom
ypnexthome.ca/news/inspiration
love the look and feel of the KozyHeat Birchwood unit (the price point is also one of the best on the market). If you are in a condo, or don’t have access to natural gas, there are great electric options out there (I even have one in my own home). Dimplex has a huge assortment of units that have such realistic flames people often mistake it for a gas unit. These units are great for condos, small spaces and also make a great addition to a feature wall. This year they have launched a new Prism Series that is perfect for small spaces.
Outside-In – I love the look and feel of natural fibers inside the home. My go-to for anything nature inspired is Artemano, a Canadian company that makes great one-of-a-kind pieces. Grab a couple of comfy chairs or stools made from tree trunks, light some candles, and settle in with a good book.
Mood Lifters – If you’re still having trouble snapping out of your winter funk, one thing I make sure to do daily is get outside for a brisk walk with my dogs — even that little bit of sunshine and fresh air helps. I also love anything natural that helps boost my mood and energy. That’s why I always have my kettle handy — the Cameo Blue stovetop kettle by KitchenAid brightens up my kitchen, and a selection of herbal teas perks me up. Finally, I love fresh flowers and think everyone should keep them in their home year-round. Use a few, or all, of these tips and suggestions to brighten your mood this winter. Wishing you warm and cozy days!
Ever dreamed of using an entire bedroom as a closet, but figured you’d need the space as a guest bedroom as well? Here’s how you can satisfy both needs: make your spare room into the walk-in closet you’ve always dreamed of having, but add a futon or even a murphy bed. Voila! You have yourself a walk-in closet that works as a guest bedroom part-time.
Office/spare room
Ladders are one of the latest decor crazes — and they can serve multiple purposes. If you need some extra space for overnight guests, try adding a mattress overtop a room with a quaint ladder, and you have yourself a functional — and hip — loft bed. See Sonia Bell’s full list of dual purpose room ideas online. Read the full story…
Jo Alcorn is a design specialist and designer on HGTV’s Home to Win out this spring. She has her own furniture collection, signature pillow and dog bed line and is known for her savvy design concepts. Visit Jo at www.whitewashco.ca
ypnexthome.ca/dual-purpose
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Property Profile | MINTO
Location
Bellair St. & Cumberland St. Builder
Minto Development
Minto Yorkville Park Home Type
One- and two-bedroom condo units Sales Centre
101 Yorkville Ave. Contact
437.836.8589 mintoyorkvillepark.com
Minto Inducing address-envy with Yorkville Park MINTO IS ABOUT TO ADD another jewel to one of the most iconic neighbourhoods in Toronto with the anticipated arrival of Minto Yorkville Park at Bellair and Cumberland streets. The landmark development is already 85 per cent sold, demolition on site is complete and construction is scheduled to start this spring.
“Living in Yorkville represents the pinnacle of urban prestige. Minto Yorkville Park will be at the heart of it all; with the best of Toronto at your fingertips. It will be an impeccable home,” says Amanda Wilson Watkins, vice-president of marketing and sales for Minto. Just steps from Bay and Yonge stations, residents have immediate access to the epicentre of Toronto transit, making it extremely convenient and easy for residents to get across the city. Boasting an unbeatable walk score of 100, Minto Yorkville Park puts a prestige slate of cosmopolitan amenities at your doorstep. The neighbourhood has everything to support a truly luxurious lifestyle with world-class restaurants just next door and high-fashion retail along Bloor Street West’s Mink Mile. Spend afternoons along Bloor West’s culture corridor visiting the ROM or the Toronto Royal Conservatory of Music. Grab a bold Italian espresso on your way to work and unwind on weekends with a tension-relieving massage at some of the city’s best spas. Building on their impressive legacy in the neighbourhood, Minto introduces this coveted address amid existing award-winning projects: the Prince Arthur Residences, noted as one of Yorkville’s premier luxury condominiums, and Minto Yorkville at 61 Yorkville Ave.
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curves, textured stone, and antiqued gold layered throughout. “We wanted to cater to the sophistication surrounding us by introducing a modernized art deco style, favouring luxury with a more current appeal,” says Jennifer Lem of IBI Group Interiors, known for such prestige addresses as Pine Street in New York. City lights paint your evening backdrop from the bedrooms, with unparalleled views seen through floor-to-ceiling windows. Interiors extend onto spacious balconies, inviting outdoor entertaining. Fully customizable designer palates cater to the purchaser’s personal taste, casting polished chrome against beautiful quartz countertops and cabinetry of matte wood grain or solid finishes. Gorgeous bathrooms are accented with polished stone and porcelain, adorned by gold faucets. A deep soaker tub invites relaxation and the walk-in shower is fitted with a soothing rain showerhead and handheld shower. Impressive amenities augment the neighbourhood’s ample entertainment and dining options, including evenings spent on the outdoor terrace and indoor entertainment lounge. Residents can enjoy private workouts in a fully outfitted 2,000-sq.-ft. fitness centre. Reducing residents’ environmental footprint and energy bills, Minto Yorkville Park is set to achieve LEED Silver certification. With exquisite glass facades and a stunning streetscape podium, the boutique 25-storey tower by Page + Steel/IBI Group Interiors will define a sculptural entryway to the heart of the city’s most elite district. “Minto Yorkville Park will be an iconic sculpture at the heart of the city, its façade draped in a floating glass veil set on a stunning streetscape podium of complimentary
limestone and polished black granite that will resonate with the scale and textures of Yorkville,” said Sol Wassermuhl, president, Page+Steele/ IBI Group Interiors. “Given Minto’s inspiring connection with this address, we wanted to keep pushing boundaries.” Interiors crafted by IBI Group Interiors integrates art deco’s geometric flourishes with subtle
Minto Yorkville Park at 88 Cumberland St. consists of 200 units, with one- and two-bedroom layouts ranging from 473 sq. ft. to more than 1,000 sq. ft., and priced from the mid-400s. Visit the sales centre at 101 Yorkville Ave., open Monday to Thursday from noon to 7 p.m., and Saturday and Sunday from noon to 5 p.m. To register, go to mintoyorkvillepark.com. FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 61
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SPRING 2016, FREE
THE GUIDE TO BUYING AND MANAGING YOUR FIRST HOME
6 USEFUL TIPS FOR
FIRST-TIME BUYERS 4 MARKETS TO EXPLORE IN窶ｦ SOUTHWESTERN ONTARIO
SPRING ISSUE NOW AVAILABLE
+
CONDO LIVING FOR NEW FAMILIES
416.626.4888 SPECIAL EDITION
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Trending
One-year fixed mortgage at 1.69 per cent hits market By Wayne Karl
MORE ADVICE ONLINE ypnexthome.ca/news/advice
MERIDIAN, ONTARIO’S LARGEST credit union, today announced it is offering Ontarians the lowest posted fixed mortgage rate on the market today at 1.69 per cent for a one-year term. “Meridian is going against the trend set by banks and lenders of raising their fixed mortgage rates,” says Bill Whyte, chief member services officer for Meridian. “As a member-owned financial institution, we are able to take advantage of the current bond and lending environment and pass those savings onto our members.” Meridian mortgage specialists work closely with members to help ensure they are well informed about the financial facets of home ownership, including home affordability guidelines and smart borrowing practices. “In addition to this attractive oneyear fixed mortgage offering, Meridian offers a full suite of mortgage options including fixed, variable, mortgages for business owners and construction mortgage solutions,” adds Whyte. “As we are quickly approaching the busy spring home buying season, this is the perfect time for people to evaluate their home buying options by getting a pre-approval now.” Meridian also provides what it says is one of the best repayment options on the market today. Meridian’s 20/20 repayment program allows members to pay down up to 20 per cent of the original principal balance per year without penalty and can be done at
1.69%
any time of the year without notice. Members can also increase their monthly payment up to 20 per cent of your original payment plan each year. And as usual with such enticing offers, there is some fine print: “Rate is subject to change without notice and offers may be withdrawn or extended without notice. Refer to our website for current residential
mortgage posted rates. Mortgage must fund by April 30, 2016.”
Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics you need to examine when buying property. He can be reached at wayne.karl@ ypnexthome.ca or follow him on Twitter at Twitter.com/WayneKarl.
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r St W
Presentation Centre
e Wad
Ave
N
1346 Bloor St. West
VISIT OUR NEW PRESENTATION CENTRE
Enigma represents more than a subtle shift in urban planning and architectural design practices. It’s a revolution that begins with these 86 parkside condos and townhomes located in the heart of the connected
Enigma on the Park is now over 80% sold!
ENIGMA ON THE PARK
owne
St. H
Ave
elens Ave
*In our continuing effort to improve and maintain the highest standard, the developer reserves the right to modify or change plans, specifications, features and prices without notice. Please refer to disclosure statement for specific offering details. E.&O.E.
THERE’S SPACE. AND THEN THERE’S LIVING LARGE. THESE HOMES HAVE BOTH.
Lansd
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#ARAGONFORWARD Aragon Properties Ltd.
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 $235,900 to penthouses starting at $639,900. Register today at aragon.ca/enigmalofts. 416.516.1551. Call or visit. 1346 Bloor St. West
SOLD
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OVER
Inspiration | STYLE FILE
SWEET DREAMS By Kait Kucy
IF YOU ARE LOOKING FOR SWEET DREAMS, you’ll find that they are not necessarily a product of your imagination but in fact made of soft linens, high thread count sheets and down feathered pillows. There is nothing quite like ending a day by retreating to your own personal oasis; a warm nest-like haven stocked with throw pillows, woollen blankets and cozy pajamas. The luxury of a bed well-made is not an impossible feat — in fact just by following a few simple guidelines and picking up a couple of bedtime essentials, you’ll have all of the bragging rights for a bedroom worth talking about. The mattress is always a great place to start. Life is too short to spend your time sleeping on an uncomfortable mattress. Studies show that we spend approximately 33
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per cent of our lives sleeping, so you might as well find something that works for your lifestyle and provides comfort and warmth to you on a nightly basis. For exceptional relaxation, consider natural and breathable organic materials that keep you cool and comfortable while you slumber. Visit mattress stores and spend some time relaxing on their samples. Get the full run-down on what makes a mattress the right fit for your needs. You need to find a mattress with the right firmness, the right amount of give and the perfect support for your frame. Pocket coils, pillow-top, latex, boxspring — you’ll have to try them out and see what is best suited for you. Next up, you’ll want to invest in soft and comfortable sheets. With millions of options out there it is normal to …continued on page 68
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LIFE. LIVED BETTER. FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 67
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ONLINE …continued from page 66
How to host a condo party
MORE INSPIRATION ONLINE ypnexthome.ca/news/inspiration
feel overwhelmed by the choices — and specifications like thread count. Thread count refers to the number of threads per square inch of fabric. Traditionally, we’ve been told to purchase sheets with as high of a thread count as you can afford. Thanks to new innovations in the bedding industry, natural fibres like bamboo, linen and cotton can be just as luxurious as a 1,500 thread count Egyptian cotton bed sheet. You’ll want to get the right shapes and dimensions to coordinate your pillow shams, bed runners, sheets and duvet covers. Which brings up the question about investing in a down duvet — are they worth the hype? It’s actually more than just hype, down has some incredible properties that make it the perfect material for a blanket option. Down will keep you warm and cozy, while allowing your skin to breathe while you sleep. They are also very durable and will retain their shape much longer than a synthetic option. The same goes for down pillows and cushions. Creating a space that reflects your personality and taste is just as important as your comfort. You want to accessorize well, and create
layers of bedding, pillows and covers. You want to introduce just the right colours and patterns to ensure your room is in line with your style, but is also a soothing and relaxing space for sleeping. Some people prefer bright colours, some prefer layers of tones. The all-white bed is always in style, while the ever-changing array of popular patterns change with the seasons. A great way to mix trends with your classic favourites is through the accessories. Add a throw with a pop of colour. Pick a patterned flat sheet with a coordinating solid fitted sheet. Go monochromatic with different shades of the same colour or go big and bold with patterns that work well with each other. This is where your taste can be satisfied. You may even want to consider customizing some elements to tie it all together, though there are a great many solutions straight off the rack. The bedroom has become so much more than just the place you catch your six to eight hours of sleep, it has become a second living room in the home. Many people use it as a place to relax, to read or to work — ultimately the products you choose to live with should reflect your personal and comfort needs.
Kait Kucy is a lifestyle and travel writer and blogger for online and print publications in Canada and the U.S.
Lets face it, having a party in a condo can be rough — you’re tight on space, and even if you have the culinary skills, your condo kitchen may not have the equipment needed to make good appetizers and meals. One of the most convenient aspects of living in a condo, however, is that you have full access to a party room, so you don’t need to worry about hosting a large number of guests; your furniture can remain untouched for the night, you’ll have added space to serve treats, and you can even hire people to do all the hard work for you. If you’re living in a condo and have the added bonus of having a party room, you may as well take advantage of it. Watch the video to see Matt Binkley from Culinary Search Group give us some tips and tricks for hosting a fantastic condo party using a pro chef or culinary instructor.
Watch the video online. Chef Matt Matt Binkley from Culinary Search Group offers great suggestions for condo entertaining.
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Inspiration | DESIGNER ADVICE
ENERGIZE YOUR HIGHRISE By Yanic Simard
INHABITING A SMALL SPACE shouldn’t have to
mean living light on character. To keep your home in the sky feeling like a home of your own, here are a few ways to inject a little edge.
Dining » A single accent wall can be all you need (especially in a compact space) to dramatically change the look, even with wallcoverings. Bouclair Home has a line of affordable
wallpapers in many modern prints for a high-end look at less than $35 a roll. » For big impact from just a little paint, coat your interior doors in a dark gray to add sophisticated interest. I like using Benjamin Moore’s #2121-10 Gray. » Carpet tiles can be laid in virtually any sized area, either wall-towall or as an area rug, and when an inevitable spill takes out a tile or two, they can be easily replaced without heavy re-investment. The “Hide & Batik” series from FLOR continues to dazzle in my design studio, but I also love their Jitterbug Memories for a modern, playful take on a classic chevron. » Consider using an arching floor lamp over a dining table for the hip retro-modern look. They’re also very practical if you want the effect of a pendant lamp without the electrical work (or long term commitment). » A custom integrated table makes a strong statement while saving space by meeting a wall. Pairing it with transparent chairs (a very trendy choice) lets the architectural shape stand out.
Kitchen » Remove the doors on a cupboard (try the underused cabinet over the fridge if you have limited space) and create a miniature gallery for photos, books and sculptural art. You’ll need less storage anyway once you invest in some warm-hued copper cookware and display it proudly on an open shelf or hanging rack — mixing metals is a growing trend so now is the perfect time.
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» The knobs and pulls in your kitchen are an oft-overlooked detail that can be easily switched up to add a dash of personality. » Having your upper and lower cabinets painted two different colours lends variety and a highend, European look. Try painting the uppers a lighter shade to open the space, or the lowers a bold hue (such as a raspberry red) to add flavour without overwhelming. » In an open-plan space with wallpaper, here’s how I keep the look consistent from kitchen to dining area: use a single wallpaper in both, and even as the backsplash. Just have a sheet of glass laid over the paper in the kitchen to create a durable surface.
Bathroom » Visitors will always be impressed by a beautiful bathroom, especially when they find something other than the everyday builder’s standard. Consider changing your sink to add a huge punch of colour or texture. Check out Roman Bath Centre for a bright blue porcelain piece, or for a sexy blacklace transparent vessel. » Painting the ceiling a bold colour in a small powder room adds drama without bringing in the already tight walls. In fact, in a high ceiling condo, this can actually make the space feel more proportionate. I recently used Benjamin Moore’s #2054-20 Beau Green for a project and it turned out beautifully. » Replacing a plain mirror with one sporting an intricate frame or modern etched detail adds visual interest in the place you’re already looking the most often. You can even layer a smaller mirror over a large one to get the best of both, such as the dramatic black baroque IKEA “Ung Drill” mirror I featured on Cityline. » If you have the room, a small piece of unexpected furniture can make your bathroom feel less utilitarian and
MORE INSPIRATION ONLINE ypnexthome.ca/news/inspiration
more like a private spa — a garden stool gives a place to perch a book while soaking in the tub, and a floor lamp (wired safely) adds an extra layer of light and a decorative detail your guests won’t expect.
Living » Gallery style art collections are very trendy right now, with people embracing the variety and easy elegance of a mismatched collection. Gather your framed pieces, replace any of the frames that stick out too much with minimal black, white or wood options (or paint them out) and hang them one by one from the centre of the wall outward (starting at eye level) until none are left or the composition feels complete. » Replacing the legs or feet on your
furniture, or simply removing the existing pieces and painting them a bright shade, adds a custom detail in an unexpected place. » Freestanding lamps aren’t the only easy option for improved lighting — plug-in sconces install quickly and typically come with covers that mask the wires trailing down (no need to open the drywall). For a modern industrial vibe consider leaving the wire exposed and painting it red or another high-contrast colour. » Combine your bookshelf and side table by simply stacking the biggest books right on the floor. Pile them to about 18 in. next to your favourite reading chair, and top it with a transparent tea-tray for a modern, space saving look 100 per cent unique to you.
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.
FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 71
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looking for a new home? It’s only a tap away.
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Trending
The cost of love in Canada: $61,821.60 RateSupermarket.ca’s 4th annual Cost of Love study finds price of romance increased 22.8 per cent year over year The Achy-Breaky Budget Breakdown MORE TRENDING ONLINE
To find the total cost of love, RateSupermarket.ca conducted a cost analysis on the top expenses faced by couples, from casual dating to wedding day:
ypnexthome.ca/news
One Year of Dates: $10,683.84
One-Year Engagement: $12,164.76
12 Fancy Dates: $3,330.50 Average cost: $277.54
Another Year of Dates: $5,178
(nice dinners + theatre tickets) 24 Casual Dates: $521.22 Average cost: $21.72
(12 takeout dinners, 12 coffee dates + a Netflix subscription)
(Plus 50 per cent wardrobe update and flowers ) Engagement Ring: $4,986.75 Engagement Party: $2,000
Tying the Knot: $38,973
12 Movie Dates: $570.96 Average cost: $47.58
Highlights:
(movie tickets + concessions)
The Bride: $2,105
2 Weekend Getaways: $1,251.50 Average cost: $625.75
The Groom: $637
(one night stay + $100 credit card bill)
Honeymoon: $2,423.50
1 Beach Vacation: $3,523 Average cost: $1,761.50
Ceremony: $2,875
Other Expenses: $1,486.66 Flowers: $140 Wardrobe updates: $1,346.66
SORRY CUPID - according to RateSupermarket.ca’s most
recent Cost of Love study, you’re about as cute as the tax collector. The 2016 edition, which crunches the costs associated with a one-year dating period, one-year engagement and the average Canadian wedding, finds the price of romance has increased 22.8 per cent from last year - and a whopping 41 per cent since the study’s 2013 debut. Why are the costs of coupledom on the rise? This year’s findings highlight the cost of travel and dining out exacerbated by the loonie’s recent tumble to about $0.70 USD - account for a greater portion of the dating budget. “While not terribly romantic, it’s important for couples to
Reception: $15,227
Grand Total for the cost of love: $61,821.60
take economic factors, such as the strength of the dollar, into account when planning leisure activities and travel,” says Penelope Graham, Editor at RateSupermarket.ca. “With consumer spending power on a decline, Canadians will see their dollars stretched on fancy dinners out and romantic getaways. For couples planning significant financial milestones, this year may be especially hard on the wallet.” Over 7 Million Canadians have found their best rate for personal finance products on RateSupermarket. ca. Launched in 2008, RateSupermarket.ca is a comprehensive rate comparison sited.
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Advice | STAT CHAT
The Toronto condo market does it again! By Ben Myers
MORE ADVICE ONLINE ypnexthome.ca/news/advice
2014 WAS A VERY GOOD YEAR for new condominium sales in the Greater Toronto Area (GTA) with over 20,000 sales. I figured with slowing job growth in Toronto at the end of that year and a slumping energy market, that there would be a slight pull back in new supply in 2015 with developers concentrating on getting the projects they sold financed and built. With those parameters in mind, my new condominium forecast published in Fortress Real Developments’ spring Market Manuscript was for 17,775 new sales in 2015. The final annual tally according to condominium market research firm Urbanation Inc. was 20,753 sales. I’ve been accused of being “too positive” as it relates to the highrise market in Toronto — clearly I’m not being positive enough! The year-end data by Urbanation shows some amazing consistency, the level of unsold new condos is almost identical to last year, as are units under construction. When considering every active new project on the market, either in preconstruction, under construction, occupying or registered, 84 per cent of the units in these developments are sold, up from 83 per cent last year. Prices in the new market are up three per cent year-over-year, matching the approximate three-year trend. Consistent steady growth, but not too hot, nowhere near what would be considered a bubble. There is a strong investor
component to the new condominium market, as the rental market in Toronto for condos remains unbelievably hot. Despite the ‘landlords market’ conditions, there is always skepticism about new condo market conditions when the buyers do not intend to live in the units. That is why it is always beneficial to look at the resale condo market, where almost all of the transactions are “real” buyers, or what we call endusers. These folks are purchasing condos because they love the area, the amenities, the designs, the interior finishes, the price, and the views. The average price on a per-square-foot basis in the existing condo market increased 6.5 per cent annually, over 20,000 suites changed hands, and the average unit sold in 33 days in Q4-2015 (down from Q4-2014). The sales-to-listings ratio, a measure of the ratio between supply and demand, was at its highest level in
five years in the fourth quarter. The continual sharp rise in the price of single-detached, semidetached and townhouses in the GTA are driving demand in the condominium apartment market. As each new tower is completed and residents move in, new life is injected into a neighbourhood — more demand for products and services, and a need for new restaurants, bars, and social gathering places emerge. Neighbourhoods are improving and more people want to move in. Urbanation is calling for over 21,000 new condo sales in 2016 — will you be involved in one of them? Fortress Real Developments partners with builders across Canada, and Ben assists in evaluating the market and projects that Fortress engages in. Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments.com/news or follow him on Twitter @BenMyers29.
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Purchaser Profile
Toronto residents recognize value at
On The Danforth
AS SOON AS TORONTO HOMEOWNERS Joe Fournier and Lori Rennie saw the signs go up advertising On The Danforth condos, they knew they wanted to own a suite in that ideally located residence. When Diam Developments launched sales, they purchased a one-bedroom plus den design. “We currently live close to this location,” Lori says, “and we know the area well. That was a big selling point for us.” “The Danforth is a great part of the city,” Joe explains. “There are hundreds of shops, services and restaurants there, including several we frequent. The beach isn’t far either, which is nice.” At the top of their list of must-haves, however, was proximity to public transportation, and On The Danforth is named for its location
close to the Woodbine and Main subway stops and the Main/Danforth GO Train station. “This is an ideal address for anyone wanting to travel via the subway within the city limits, and on GO transit to the outskirts,” Lori says. “Residents will be able to get anywhere in and around the city quickly, from downtown to east and west.” Joe is a general contractor, and Lori is a national account manager for a manufacturing company. This savvy professional couple also appreciates the contemporary design of the building by onespace architecture + interior design. The exterior will present an intriguing blend of terraces amid U- and L-shaped highlights that suggest movement. “We love it,” Lori says. “The minute we saw the large terraces and the fact that we could have a gas barbecue hook-up on one of them, we were sold.”
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“The Danforth is a great part of the city,” Joe explains. “There are hundreds of shops, services and restaurants there, including several we frequent. The beach isn’t far, either, which is nice.” — Joe Fournier
Toronto homeowners Joe Fournier and Lori Rennie
She adds that they are also pleased with the building’s amenities appointed by esQape design inc. “In particular, we like the gym and rooftop party room. It will be easy to keep fit and entertain in this residence.” The main floor will house On The Danforth’s boutique-inspired lobby featuring concierge service; the multi-purpose room Lori mentions with its kitchen, dining room and outdoor terraces; plus a pet spa and bike storage. Situated on the 10th floor, Club Danny will encompass the fitness facilities, a lounge, WiFi lounge, fireplace and rooftop barbecue terrace. Joe and Lori selected a 645-sq.-ft. suite with a generous 180-sq.-ft. terrace. “We were drawn to the terrace on the south side, and there is room for a pullout couch in the den/office. We also love the walkouts from the bedroom and living area.” Features and finishes in the 131 suites at On The Danforth range from 9-ft. ceilings (10-ft. in penthouses) to quality laminate flooring. They include five appliances and quartz kitchen countertops as well. As for their purchase experience, Joe and Lori are delighted with Diam Developments. “They have been very helpful, knowledgeable and quick to answer all
our questions,” Lori says. “They guided us through the process professionally and patiently. We’re looking forward to watching the condominium being built.” Diam Developments has built high-end luxury homes for many years, and the company is well equipped to deliver its first condominium residence with quality and panache. Situated at Danforth and Oak Park avenues, highly successful On The Danforth is a favourite of first-time buyers as well — especially with Diam Developments’ Easy Own Program making it possible to buy with only 10 per cent down. Prices begin from the mid-$200s, which means buyers will find monthly mortgage payments similar to rents, but they will be building equity. Visit On The Danforth’s presentation centre and model at 2359 Danforth Avenue (south side of Danforth, just east of Woodbine), Monday to Thursday noon to 6 p.m.; weekends noon to 5 p.m. Call 647-348-9009 or register at OnTheDanforthCondo.com.
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Hot Properties
905 LATEST LISTINGS
Find your next home! This page features a few of the latest properties to keep your eye on in the Toronto905 area. Find more properties at ypnexthome.ca
YORK CONDOS STATIONWEST
By: Remington Group City: Markham Live in downtown Markham’s masterplanned community. Urban condos starting from the $200s. www.downtownmarkham.ca
new releases and grand openings THE CHELSEA By: Great Gulf City: Oakville The Chelsea is the second phase of Trafalgar Landing in Oakville, offering a great selection of suites. www.greatgulf.com/chelsea
DOWNTOWN ERIN MILLS TOWER 2 By: Pemberton Group City: Mississauga Tower 2 is the newest release of Downtown Erin Mills, a highly successful master-planned community. www.pembertongroup.com
STATIONWEST
previews and registration
By: Adi Development Group City: Burlington Register now for smart-style urban towns at Burlington’s Aldershot GO Station. www.adidevelopments.com
GRAND PALACE
INDIGO CONDOMINIUMS
By: Guizzetti Corporation City: Richmond Hill Register now for luxury condominiums on Yonge Street in Richmond Hill. Prices starting from $250,000. www.grandpalace.ca
By: Pemberton Group City: Maple A new master-planned community located next to the Maple GO Station. Register now. www.pembertongroup.com
VARLEY CONDOMINIUMS
By: Pemberton City: Richmond Hill Discover the second phase of the successful SkyCity Condominiums in the heart of Richmond Hill. www.pembertongroup.com
THE MET By: Plaza and Berkley Developments City: Vaughan Coming this February to the Vaughan Metropolitan Centre, the Met will become the GTA’s newest downtown. www.pureplaza.com
SKYCITY 2 By: Tribute Communities City: Markham Discover luxury condominium living just steps away from Unionville Main Street. www.tributecommunities.com
Builders If you would like to include your preview registration, new release or site opening in this feature, just email the details to Elisa.Krovblit@ypnexthome.ca
Hot Properties
416
Find your next home! This page features a few of the latest properties to keep your eye on in the Toronto416 area. Find more properties at ypnexthome.ca
LATEST LISTINGS
1 YORKVILLE ZIGG CONDO
By: Bazis Inc. and Plaza City: Toronto For a limited time, purchase any onebedroom unit for only 10 per cent down. www.1yorkville.ca
88 NORTH By: St. Thomas Developments City: Toronto The first building in a multi-phase development on Queen Street just east of Yonge. Register now to be a part of Toronto’s newest hot neighbourhood. www.88queen.com
SKYWATCH CONDOS By: The Gupta Group City: Toronto Located at the Rosedale on Bloor, Skywatch Condos is five minutes from Yorkville, steps to the subway, and connected to the Canopy Hotel by Hilton. Register now. www.skywatchcondos.com
new releases and grand openings ZIGG CONDO
previews and registration THE DIAMOND CONDOMINIUMS By: Diamante Development Corp. City: Toronto Register now for a rare and unique opportunity to live in North York’s City Centre. www.diamondonyonge.com
4 THE KINGSWAY By: North Drive Investments Inc. City: Toronto A sophisticated European-inspired condominium surrounded by historic homes, beautiful parkland and great shopping. www.4thekingsway.com
DANIELS WATERFRONT: CITY OF THE ARTS By: Daniels Corporation City: Toronto A master-planned, mixed-use community inspired by the arts and located in Toronto’s East Bayfront neighbourhood. Register now. www.danielswaterfront.com
ON THE DANFORTH By: Diam Developments City: Toronto This 10-storey condominium epitomizes convenience, located steps away from Woodbine and Main stations and Danforth GO Station. www.onthedanforthcondo.com
By: Madison Group City: Toronto An intimate new building now under construction in Forest Hill. Suites start from the high-300s. www.ziggcondo.com
FABRIK CONDOS By: Menkes Development City: Toronto Located in Toronto’s Fashion District, Fabrik Condos is set to be this spring’s hottest opening. www.menkes.com
Builders If you would like to include your preview registration, new release or site opening in this feature, just email the details to Elisa.Krovblit@ypnexthome.ca
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East York
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torontoregionalmaps: Toronto, East York, York
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82
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
# Builder Site Telephone TH* C* Price Range Page Finder 2 GREAT GULF Yonge+Richmond 416-499-8883 • from $470,000 45 16K High Park Condominiums 416-351-1844 • from $285,000 15 8L 7 THE DANIELS CORPORATION 11 MENKES DEVELOPMENTS INC. Pears on the Avenue 416-323-0100 • from $420,000 Insert 14I 365 Church 416-591-7700 • from $249,000 Insert 14I 11 MENKES DEVELOPMENTS INC. 17 ROCKPORT GROUP The Nest 416-223-0003 • from $350,000 67 11H RC3 416-862-0505 • • from $220,000 33 18L 18 URBAN CAPITAL 18 MATTAMY HOMES Riva del Lago 647-347-5930 • from $363,000 Insert 24C Fabrik 416-591-7700 • from $300,000 Insert 14M 20 MENKES DEVELOPMENTS INC. 20 LIFETIME DEVELOPMENTS Whitehaus Condominiums whitehaus.ca • from $250,000 27 14M No1 Yorkville 416-519-2911 • from $455,000 3 15I 26 BAZIS INC. Eau Du Soleil Waterfront Condominiums 416-503-3328 • from $350,000 6-7 25B 28 EMPIRE COMMUNITIES 34 ST. THOMAS DEVELOPMENTS 88 Queen 88queen.com • from $250,000 63 16L 87 Peter 416-591-7700 • from $736,000 Insert 15M 35 MENKES DEVELOPMENTS INC. 35 MENKES DEVELOPMENTS INC. The Eglinton Yonge at Heart 416-591-7700 • from $250,000 Insert 15D 47 PINNACLE INTERNATIONAL The PJ 416-596-1600 • from $300,000 5 15L 48 MADISON HOMES Zigg St.Clair West 416-545-0223 • • from $390,000 53 14J Zigg St.Clair West 416-545-0223 • • from $390,000 53 14J 48 FIELDGATE HOMES 50 CRESFORD DEVELOPMENT CORP. VOX 416-485-3000 • 96 15J CASA 2 416-486-2272 • from $390,000 96 & IBC 15L 52 CRESFORD DEVELOPMENT CORP. Monde 416-466-8885 • from $350,000 45 17M 58 GREAT GULF 65 ARAGON PROPERTIES Enigma on the Park 416-516-1551 • from $236,000 65 9L Citylights on Broadway 416-546-6605 • from $200,000 Insert 14D 67 PEMBERTON GROUP 70 STATE BUILDING GROUP 609 Avenue Road 609avenue.com • from $300,000 55 14G J Davis House 647-343-3270 • • from $320,000 BC 15F 80 MATTAMY HOMES 80 BIDDINGTON HOMES J Davis House jdavishouse.com • • from $320,000 BC 15F One Bloor Residences 416-922-0081 • from $580,000 45 15I 99 GREAT GULF 104 CRESFORD DEVELOPMENT CORP. The Clover on Yonge 416-485-3000 • from $220,000 96 14J The Urban Townhome Collection 647-344-2573 • from $2200,000 Insert 15K 118 PEMBERTON GROUP Cumberland Tower - Yorkville Plaza II 416-966-3003 • from $350,000 1 15I 149 CAMROST - FELCORP 150 ASPEN RIDGE HOMES Studio on Richmond 647-352-7736 • from $300,000 23 15M TEN93 Queen West 416-546-6355 • from $280,000 9 & Insert 12F 217 PEMBERTON GROUP 217 BAYWOOD HOMES TEN93 Queen West 905-326-4100 • from $280,000 9 12F The Davies 416-873-0862 • from $820,000 14I 1 BRANDY LANE HOMES 4 GAIRLOCH INVESTMENTS 383 Sorauren 383sorauren.com from $265,000 9M 4 CENTRESTONE URBAN DEVELOPMENTS INC. 383 Sorauren 416-588-0383 from $265,000 9L 5 ONNI GROUP OF COMPANIES West Lake 416-260-2600 • from $259,000 14N 6 CRESFORD DEVELOPMENT CORP. Merton Yonge Condominiums 416-484-1900 • from $400,000 14E 11 TRIDEL CORPORATION Sherwood at Huntington 416-485-1900 • from $1000,000 18G 12 NORTH DRIVE INVESTMENT The High Park 416-670-3699 • from $400,000 8L 12 NORTH DRIVE INVESTMENT Picnic 416-670-3699 • from $475,000 8L 15 TRIDEL CORPORATION 101 Erskine 416-480-0700 • from $386,000 14D 16 FREED 155 REDPATH 416-996-5428 • from $226,000 14D 16 FREED 150 REDPATH redpathcondos.com • from $200,000 14D 16 CAPITAL DEVELOPMENTS 150 REDPATH redpathcondos.com • from $200,000 14D 18 MONARCH CORPORATION Riva del Lago 647-347-5930 • from $363,000 24C 19 KINGSTONE ROAD DEVELOPMENT The Glen 416-694-3333 • from $400,000 23H 19 STREETCAR DEVELOPMENT The Southwood 416-750-7506 • from $300,000 23H 21 GREENLAND GROUP King Blue Condos 416-599-1355 • from $336,000 12N 22 MONARCH CORPORATION Picasso on Richmond 416-495-3549 • from $541,000 14M 22 TRIDEL CORPORATION Ten York 416-596-9888 • from $1020,000 12F 22 MATTAMY HOMES Picasso on Richmond 416-495-3549 • from $336,000 14M 23 TRIBUTE COMMUNITIES The College 416-363-4800 • from $390,000 M14 25 TRIDEL CORPORATION SQ2 416-661-1949 • from $357,000 15D 26 BAZIS INC. One Yorkville 416-519-2911 • from $408,000 15I 26 BAZIS INC. One Yorkville 416-519-2911 • from $408,000 15I *TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. Attention Builders - Want to add your community to our maps? C: Condo Need to update existing information? Please fax the details to (416) 789-9554 Please refer to page number for complete information.
082-Condo_Maps&List.indd 1
2016-02-10 5:39 PM
Builder
Site
Telephone
TH* C* Price Range
Page
Finder
Water Tower at Eau Du Soleil 416-503-3328 • from $300,000 25B Success Tower at Pinnacle Centre 416-360-0673 • from $880,000 17M Bespoke Towns 419-239-8181 • from $550,000 22J Totem Condominium 416-792-1877 • from $492,000 15H The Madison 416-482-8090 • from $480,000 14E Fuse Condos 416-534-4444 from $280,000 9K Pace 416-928-2223 • from $310,000 16L Dundas Square Gardens 416-645-8575 • from $224,000 17K Grid Condos 416-477-4743 • from $250,000 17K Garrison Point garrisonpoint.ca • from $250,000 13N The Barrington Condominiums Flats 416-410-4444 • from $345,000 12H Howard Park 2 416-873-0989 • from $349,000 9L The Upper House Condos in Leaside 416-425-1800 from $350,000 18D Alter 416-645-4599 • from $700,000 16J Palatial Collection 416-925-3325 • from $880,000 16M Yorkville Park mintoyorkvillepark.com • • from $420,000 14J Yorkville Private Estates 416-484-4371 • • from $2500,000 14J Teahouse 416-861-1111 • from $241,000 16K Stanley 416-546-1502 • from $290,000 16K Aqualina at Bayside 416-514-2710 • from $336,000 18N Aquavista at Bayside Toronto 416-514-2710 • from $814,000 18N CASA III 416-486-2272 • from $390,000 15L 11 Wellesley 416-861-1111 • from $435,000 15J Riverside Square 416-466-4466 • from $200,000 19L Liberty Central by the Lake - Phase One 416-537-0047 • from $370,000 11F Liberty Central by the Lake - Phase One 416-537-0047 • from $370,000 11F The Selby theselbycondos.com • 16J The Rosedale on Bloor 416-928-9997 • from $220,000 16I The Brant Park 416-368-5262 • from $283,000 14M East Fiftyfive 416-861-9559 • from $275,000 17L East Fiftyfive 416-861-9559 • from $275,000 17L 609 Avenue Road 609avenue.com • from $300,000 14G 2221 Yonge 647-350-2221 • from $320,000 14D On The Danforth onthedanforthcondo.com • from $250,000 23G The Bartholomew Downtown East 416-955-0559 • from $300,000 18K Liberty Central by the Lake Two 416-537-0047 • • from $370,000 12N Schoolhouse 416-979-1333 • from $900,000 13I Art Shoppe Condos artshoppecondos.com • from $200,000 14D 300 Front Street West 416-217-0300 • from $1260,000 15M One Eleven Condominiums & Lofts 647-351-4111 • from $418,000 13M One Eleven Condominiums & Lofts 647-351-4111 • from $320,000 13M Gooderham Condos at The Distillery 416-361-1322 • from $790,000 18L Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 14J Ivory On Adelaide 647-341-1731 • from $510,000 17L 158 Front Condominiums 158front.com • from $290,000 17L Exhibit 416-967-7778 • from $560,000 14I Exhibit 416-967-7778 • 14I Exhibit 416-967-7778 • 14I The Pinnacle on Adelaide 416-596-1600 • from $367,000 15M Bisha Hotel & Residences 416-637-2211 • from $300,000 16M 88 Scott 416-216-8588 • from $500,000 17M Riverhouse at the Old Mill 416-766-7343 • from $500,000 5L Two Old Mill 416-645-7022 • from $1762,000 5L RCM I on University 647-351-9247 • from $515,000 14M Chaz Yorkville Condos 416-922-0045 • from $430,000 16J Chaz Yorkville Condos 416-922-0045 • from $400,000 16J The Berwick 416-922-9425 from $536,000 14E The Mercer 416-597-6940 • from $440,000 15M Imperial Plaza 647-346-3799 • from $386,000 15I Blue Diamond at Imperial Plaza 416-925-2501 • from $350,000 15I Backstage on the Esplanade 416-777-2533 17M Backstage on the Esplanade 416-777-2533 from $405,000 17M Tableau Condominiums 416-591-8887 • • from $450,000 15L Tableau Condominiums 416-591-8887 • • from $350,000 15L Tableau Condominiums 416-591-8887 • • from $350,000 15L Carmelina 416-423-8500 • from $380,000 23J The Bond Condominiums 416-546-7525 • • from $409,000 15G L Tower 416-777-2533 • from $490,000 17L Perspective Condos 416-242-3500 from $300,000 4H Five Condos 416-928-0555 • • from $1169,000 15J Five Condos 416-928-0555 • • from $375,000 15J Rise 416-546-7399 • • from $400,000 12H Neon 416-987-7878 • from $400,000 14D 1000 Bay 416-485-3000 • from $390,000 15J The Carnaby 416-690-9009 • from $435,000 12M 90 Niagara 416-981-0036 from $410,000 14O James 416-214-9900 from $282,000 14O SIXTY Colborne 416-601-0060 • from $496,000 16L SIXTY Colborne 416-598-7775 • from $300,000 16L Upper Beach Townes 416-693-7500 • from $551,000 24G The Massey Tower 416-966-0197 • • from $332,000 16L 109OZ 416-531-4844 • from $368,000 12M Canary District Condominiums 416-603-7576 • from $335,000 18L Canary Park Condominiums 416-603-7576 • from $242,000 18L Smart House 416-292-0219 • from $442,000 15L Smart House 416-292-0219 • from $472,000 15L Duke Condos junctionlife.ca from $290,000 8K King Charlotte 416-368-5262 • from $435,000 15M Theatre Park 416-368-5262 • from $703,000 16M Theatre Park 416-368-5262 • from $703,000 16M The Harlowe 416-363-1771 • from $300,000 15M
torontoregionalmaps: Toronto, East York, York
#
28 EMPIRE COMMUNITIES 29 PINNACLE INTERNATIONAL 30 BUENA VISTA DEVELOPMENTS 31 WORSLEY URBAN PARTNERS 32 MADISON HOMES 36 NEUDORFER CORPORATION 38 GREAT GULF 38 EASTON’S GROUP 38 CENTRE COURT DEVELOPMENT 40 FERNBROOK HOMES/CITYZEN DEV. 41 LASH GROUP OF COMPANIES 42 TRIUMPH DEVELOPMENTS 43 K-CAP LAIRD INC. 44 TRIDEL CORPORATION 45 PINNACLE INTERNATIONAL 48 MINTO COMMUNITIES INC. 48 CAMROST - FELCORP 49 LANTERRA DEVELOPMENTS 49 TRIBUTE COMMUNITIES 51 TRIDEL CORPORATION 51 TRIDEL CORPORATION 52 CRESFORD DEVELOPMENT CORP. 53 LANTERRA DEVELOPMENTS 56 STREETCAR DEVELOPMENT 60 CANALFA GROUP 60 CANALFA GROUP 63 FERNBROOK HOMES/CITYZEN DEV. 63 THE GUPTA GROUP 64 LAMB DEVELOPMENT CORP. 68 LAMB DEVELOPMENT CORP. 68 HYDE PARK 70 MADISON HOMES 71 TOWER HILL DEVELOPMENT CORPORATION 73 DIAM DEVELOPMENTS 74 THE DANIELS CORPORATION 75 CANALFA GROUP 78 EMPIRE COMMUNITIES 79 FREED 83 TRIDEL CORPORATION 85 HARHAY DEVELOPMENTS 85 CARTTERA 94 DHD DEVELOPMENTS 104 ASPEN RIDGE HOMES 114 PLAZA 114 FERNBROOK HOMES/CITYZEN DEV. 117 BAZIS INC. 117 METROPIA 117 PLAZA 124 PINNACLE INTERNATIONAL 128 LIFETIME DEVELOPMENTS 129 CONCERT PROPERTIES 131 LANTERRA DEVELOPMENTS 131 TRIDEL CORPORATION 133 TRIBUTE COMMUNITIES 140 EDEN SHAW 140 45 CHARLES LTD. 142 ANDRIN HOMES 148 GRAYWOOD/BEAVERHALL DEVELOPMENT 149 CAMROST - FELCORP 149 CAMROST - FELCORP 151 CITYZEN 151 FERNBROOK HOMES 153 URBAN CAPITAL 153 MALIBU INVESTMENTS INC. 153 ALIT DEVELOPMENTS 154 TRE MEMOVIA DEVELOPMENTS 155 LIFETIME DEVELOPMENTS 157 CASTLEPOINT/CITYZEN/FERNBROOK 162 PIANOSI DEVELOPMENTS 179 GRAYWOOD DEVELOPMENTS 179 MOD DEVELOPMENTS INC. 184 RESERVE PROPERTIES 185 PEMBERTON GROUP 190 CRESFORD DEVELOPMENT CORP. 197 STREETCAR DEVELOPMENT 199 FIELDGATE HOMES 199 BRAD J. LAMB REALTY 200 FREED 200 CARTTERA 201 SOLOTEX 206 MOD DEVELOPMENTS INC. 207 RESERVE PROPERTIES 215 DUNDEE KILMER DEVELOPMENTS 215 DUNDEE KILMER DEVELOPMENTS 218 MALIBU INVESTMENTS INC. 218 URBAN CAPITAL 219 TAS DESIGNBUILD 220 LAMB DEVELOPMENT CORP. 221 LAMB DEVELOPMENT CORP. 221 HARHAY DEVELOPMENTS 222 LAMB DEVELOPMENT CORP.
*TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. Attention Builders - Want to add your community to our maps? C: Condo Need to update existing information? Please fax the details to (416) 789-9554 Please refer to page number for complete information.
082-Condo_Maps&List.indd 2
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2016-02-10 5:39 PM
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
A
21 22 23 24 25 26
121
Steeles Ave
12
99
33
B
North York C
9 34
124
14
400
50
5
37
401
D
15 17
7
22 13
28
123
E
20
401
25
3
122
F
19
16
21
18
130
125
G
132
95
H * Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
torontoregionalmaps: North York
#
84
Builder
Site
Telephone TH* C* Price Range
Page
Finder
13 LIBERTY DEVELOPMENT CORP. The Village Residences 647-622-8408 • from $350,000 35 20D 20 MALIBU INVESTMENTS INC. Southside Residences at Gramercy Park southsidecondos.ca • from $190,000 57 13E 34 DIAMANTE DEVELOPMENT CORP. The Diamond Condominiums on Yonge 416-961-8008 • from $268,000 69 17C 95 ASPEN RIDGE HOMES Scenic on Eglinton 416-805-1781 • from $300,000 23 23G 95 LINDVEST Sonic lindvest.com/sonic • from $210,000 39 23G 96 ELAD CANADA Fifth on the Park 416-492-0001 • from $250,000 31 24C 121 LIBERTY DEVELOPMENT CORP. World on Yonge 905-771-7010 • from $281,000 37 18A 124 TRIDEL CORPORATION Parfait at Atria tridel.com IFC 24C 1 CONCORD ADEX Opus 416-813-2999 • • 22C 3 YYZED PROJECT MANAGEMENT VISTO vistocondos.ca from $267,000 8E 3 TIFFANY PARK HOMES Westhaven 416-792-6655 • from $633,000 23G 4 TRIDEL CORPORATION Aristo at Avonshire 416-730-0300 • from $391,000 18D 5 LINDVEST The Brownstones at Westown lindvest.com from $250,000 4C 6 CONCORD ADEX Tango at Concord Park Place 416-813-2999 • • from $236,000 22C 6 CONCORD ADEX Tango2 at Concord Park Place 416-813-2999 • from $265,000 22C 6 CONCORD ADEX Omega On The Park 416-813-2999 • • from $200,000 22C 7 FRAM BUILDING GROUP SOUL mysoulcondos.ca from $250,000 25C 9 SORBARA GROUP Beacon beaconcondos.ca • from $368,000 17C 12 GHODS BUILDERS INC. 5959 Yonge Street 416-222-5959 • from $302,000 18A 13 CASTLE GROUP DEVELOPMENTS Vida at Bayview Village 416-304-1212 from $250,000 20D 14 TORBEL GROUP Diva Condo DivaCondo.com from $241,000 11C 15 PHANTOM DEVELOPMENTS Tea Garden Condos teagardencondos.com • from $200,000 19C 16 URBAN CAPITAL The Ravine 416-850-2489 • • from $268,000 25E 16 ALIT DEVELOPMENTS The Ravine 416-850-2489 • • from $250,000 25E 17 CHESTNUT HILL DEVELOPMENT Lotus Condominiums 416-222-8338 • from $306,000 19C 18 KUBO DEVELOPMENTS Marquette Urban Towns 416-551-9767 • from $250,000 14E 19 MADISON HOMES Briar Hill madisonhomes.ca • • from $400,000 12F 21 TRIDEL CORPORATION Argento 416-663-1818 • from $370,000 22E 22 TRIDEL CORPORATION Scala 416-730-0300 • from $300,000 22C 25 CONTEXT DEVELOPMENT INC. The Yorkdale Condominiums 416-781-9990 • from $500,000 12E 25 METROPIA The Yorkdale Condominiums 416-781-9990 • from $170,000 12E 28 TRIDEL CORPORATION Alto at Atria 416-645-8866 • from $334,000 25D 33 CASTLE ROYALE DEVELOPMENT The Palm Condominium Residences 416-306-1000 • from $400,000 17B 37 NORSTAR GROUP OF COMPANIES Portrait Condominiums 416-282-9600 • from $255,000 13C 50 MINTOURBAN COMMUNITIES INC. 88 416-915-3805 • from $390,000 18C 50 DEVRON DEVELOPMENTS Flo Condominiums 647-799-0356 • from $322,000 18C 96 ELAD CANADA Dreamtower At Emerald City 416-492-0001 • from $367,000 24C 96 ELAD CANADA The Colours of Emerald City coloursofemeraldcity.com • from $250,000 24C 122 LANTERRA DEVELOPMENTS Treviso Condominiums 416-787-8882 • from $203,000 12F 122 LANTERRA DEVELOPMENTS Treviso II 416-787-8882 • from $263,000 12F 122 LANTERRA DEVELOPMENTS Treviso III 416-787-8882 • from $250,000 12F 123 BRANDY LANE HOMES The Station 416-398-9777 • from $467,000 12D 124 TRIDEL CORPORATION Trio at Atria 416-645-8866 from $271,000 24C 125 FRAM BUILDING GROUP LIV Lofts 416-445-5638 • from $250,000 22F 130 TRIBUTE COMMUNITIES Canterbury 647-352-2130 • • from $951,000 19F 132 FRAM BUILDING GROUP/CADILLAC FAIRVIEW Flaire Condos 416-445-8868 • from $305,000 22F
*TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. C: Condo Please refer to page number for complete information.
082-Condo_Maps&List.indd 3
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554
2016-02-10 5:39 PM
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
vd
40
27
Dixon Rd
d ett R
Etobicoke
409
Scarl
Av e
Bl
Westway
Rathburn Rd
21 d ll R Mi
Da nf or th
Islington Ave
e
10
Kipling Ave
Martin Grove Rd
2A
44
34 Bloor St W
Dundas St W
16
50 8
QEW
22
Gardiner Expressway Evans Ave
2
Horner Ave
H
Park Lawn
Queensway
14 9
Royal York Rd
Scarborough
28
al
30
1
401
Ranforth Dr
Ki
xd
427
Centennial
Manse Rd
K
Galloway Rd
Scarborough Golf Rd
Orton Park Rd
McCowan Rd
St. Clair Ave
n
sto
g in
RD
e 11 n Av lva Sy
* Due to scale restrictions, locators are d 1 approximate. Please see builder’s n R ads sto for exact locations. ng
Victoria Park
G
Bellamy Rd
Lawrence Ave E
Markham Rd
orto
Brim
Eglinton Ave E
F
n Dr
d
Finch Ave W
Re
East Ave Port Union Rd
27 71
nR
Sheppard Ave E
Morrish Rd
Progress Ave
Brimley Rd
Birchmount Rd
Warden Ave
Pharmacy Rd
E
Kennedy Rd
Ellesmere Rd
D
401
55 Midland Ave
401
Milner Ave
bio
Humberline Dr
23
Al
Beare Rd
Sheppard Ave E 26
Conlins Rd
C
Ave
Morningside Ave
evin
McL
Passmore Ave
Meadowvale Rd
Huntingwood Dr
Reesor Rd
Finch Ave E
B
Sewells Rd
Neilson Rd
McNicoll Ave
Tapscott Rd
McCowan Rd
A
21 22 23 24 25 26
56
6 19 24 17 18
39
Lakeshore Blvd W
# 13 18 28 1 2 6 8 8 9 10 10 11 14 16 17 18 19 21 22 23 24 26 27 30 34 39 39 44 50 50 55 55 56 61 71
Builder OPEARL DEVELOPMENTS MATTAMY HOMES LIBERTY DEVELOPMENT CORP. INSOHO DEVELOPMENTS STANTON RENAISSANCE CONSERVATORY GROUP TRIDEL CORPORATION TRIDEL CORPORATION WILKINSON DEVELOPMENTS LASH GROUP OF COMPANIES CARTTERA SCOLLARD DEVELOPMENT INFINITY DEVELOPMENTS CONCERT PROPERTIES TIMES GROUP CORP. MONARCH CORPORATION ICON HOMES MENKES DEVELOPMENTS INC. MENKES DEVELOPMENTS INC. CITYCORE DAVIES SMITH GEMTERRA GLOBAL KINGDOM MINISTRIES TERRANATA DEVELOPMENTS INC. EDILCAN DEVELOPMENT CORP. MONARCH CORPORATION MATTAMY HOMES TRIDEL CORPORATION PEMBERTON GROUP NORTH STAR HOMES TRIDEL CORPORATION TRIDEL CORPORATION PHANTOM DEVELOPMENTS VHL DEVELOPMENTS LTD. LASH GROUP OF COMPANIES
torontoregionalmaps: Scarborough, Etobicoke
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
Site Telephone TH* C* Price Range Page Finder Sail Condominiums sailcondos.ca • from $399,000 32 2C Lago 416-495-3544 • from $530,000 Insert 25C Terrace on Danforth 416-987-7575 • from $278,000 37 2G Imagine Condos 416-367-7303 from $235,000 4F On The Go Mimico 647-692-8417 • from $200,000 23H Altitude 416-321-1659 • from $230,000 25H Islington Terrace 416-645-8862 • from $250,000 23F Bloor Vista at Islington Terrace 416-645-8862 • from $250,000 23F Hunt Club Terrace 416-698-3020 • 2H Cloud 9 Condominiums 416-747-0199 • from $240,000 22B Cloud 9 Condominiums 416-747-0199 • from $240,000 22B Guildwood 416-266-3655 • from $200,000 8F Residences at The Hunt Club 416-699-1711 • from $300,000 2G The KIP District thekipdistrict.com • from $237,000 22F Key West Condominium keywesttorontocondo.com from $320,000 25H Lago 647-347-5930 • from $530,000 25C Royal York Urban Towns 416-901-0206 • from $220,000 24H Dwell City Towns 416-259-2525 • from $390,000 20F Humber Mews 416-259-2525 • from $550,000 20H Harmony Village 416-493-0123 • 2C Eleven Superior 416-259-8882 • from $311,000 24H Joy Condos joycondos.com • from $220,000 4C Trinity Ravine Towers 647-876-5433 • from $270,000 7D The Step 416-798-7070 • from $145,000 23B Triumph at Valhalla 416-233-5554 • from $250,000 21F Waterscapes 416-495-3544 • from $414,000 26H Waterscapes 416-495-3544 • from $400,000 26H West Village 416-620-1887 • from $386,000 20F Vivid Condos 416-239-8200 • from $391,000 23F Connexion at Islington northstarhomesinc.com • from $300,000 23F Avani At Metrogate 416-293-5535 • from $309,000 4C Avani 2 At Metrogate 416-293-5535 • from $250,000 4C Jade Condominiums 416-762-8818 • from $305,000 25G Haven On The Bluffs 416-2611-9555 • from $292,000 3E Me Condos 416-430-0003 • from $250,000 8D
*TH: Townhomes, Attention Builders - Want to add your community to our maps? Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554
082-Condo_Maps&List.indd 4
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d Dr Lair
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Do
Park
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
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Toronto Waterfront
H
waterfrontmaps: TORONTO
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
86
#
Builder
Site
1
MENKES DEVELOPMENTS INC.
Telephone TH* C* Price Range
Harbour Plaza
416-591-7700 •
15 THE DANIELS CORPORATION
Daniels Waterfront
416-221-3939
•
18 URBAN CAPITAL
RC3
416-862-0505
58 GREAT GULF
Monde
4
TRIDEL CORPORATION
4
8
Finder
Insert
14F
from $280,000
13
16F
•
from $220,000
33 16F
416-466-8885 •
•
from $338,000
45
Aqualina at Bayside Toronto
416-514-2710
•
from $355,500 16E
TRIDEL CORPORATION
AquaVista at Bayside Toronto
416-514-2710
•
from $814,000
CONCORD ADEX
Spectra at Concord CityPlace
416-813-0999 •
•
10 GREAT GULF
Twenty Lombard
416-499-8883
•
from $543,000
16K
60 CANALFA GROUP
Liberty Central by the Lake Two
416-537-0047
•
from $369,900
11F
*TH: Townhomes, C: Condo
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
086-087-Waterfront Maps & List.indd 98
from $350,000
Page
17E
16E
14F
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to 416-789-9554
2016-02-10 4:50 PM
Rathburn Rd
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Page
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• from $363,000
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Insert 24C
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On The Go
647-692-8417 •
from $200,000 23C
3
DAVIES SMITH
Eleven Superior
416-259-8882 •
from $310,900 23C
5
DAVIES SMITH
Hearthstone by the Bay
416-259-4466 • from $440,900 24C
6
SCOLLARD DEVELOPMENT CORP.
Boathaus
boathaus.ca • from $197,900 22I
Waterscapes
416-495-3544 • from $413,990 13B
11 MONARCH CORP.
*TH: Townhomes, C: Condo
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
086-087-Waterfront Maps & List.indd 99
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to 416-789-9554
87
2016-02-10 4:50 PM
50
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905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North
A
B
21 22 23 24 25 26
Sid er
25 th
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Manvers
Scugog 48
Newcastle
2016-02-10 5:39 PM
Builder
2
THE DANIELS CORPORATION
Site
Telephone TH* C*
Olivia Marie Gardens
905-874-8880
Price Range
Page
Finder
• from $300,000
19
14K
adidevelopments.com • from $390,000
44
5N
11 ADI DEVELOPMENT GROUP
Station West
17 PEMBERTON GROUP
Downtown Erin Mills Condominiums 905-630-6300 • from $300,000
Insert 18M
17 PEMBERTON GROUP
Downtown Erin Mills Condominiums Tower 2 905-603-6300 • from $300,000
Insert 18M
1
VANDYK COMMUNITIES
The Craftsman
905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North
#
craftsmancondos.com from $310,000 21N
3 CASTLERIDGE HOMES
The Clairington
905-793-0002 • from $230,000 16E
3
PINNACLE INTERNATIONAL
The Marquee Townhomes on the Park 905-568-9000 • from $720,000 20K
4
CONSERVATORY GROUP
Mirage
905-232-2400 • from $260,000 20K
5
AMACON
Block Nine
905-273-9333 • from $200,000 20L
8
FERNBROOK HOMES
Absolute World
416-869-6057
8
CITYZEN
Absolute World
416-869-6057 from $188,000 21K
9
EMPIRE COMMUNITIES
Senses Condominiums
905-845-7246 • from $195,000 17Q
10 AMACON
The Residences at Parkside Village
905-273-9333 • 21K
13 GREAT GULF
The Chelsea
905-844-1605 • from $220,000 16P
14 PEMBERTON GROUP
Rosedale Village Golf & Country Club 905-799-5000
15 ADI DEVELOPMENT GROUP
Link2 Condos+Lofts
905-592-2028 • from $225,000 5M
16 VANDYK COMMUNITIES
Windows on the Green
905-822-3333 from $410,000 19N
18 RETIREMENT LIFESTYLE COMMUNITIES
Palisades on the Glen
905-820-8210 • from $290,000 18N
19 METROLY DEVELOPMENTS
The 6ixth
20 CARRIAGE GATE HOMES
The Berkley Downtown Burlington theberkeleycondo.com • from $340,000 5M
30 PINNACLE INTERNATIONAL
Pinnacle Grand Park 2
905-276-3981 • from $266,000 20L
30 PINNACLE INTERNATIONAL
Pinnacle Grand Park
905-276-3981 • from $300,000 20L
34 PINNACLE INTERNATIONAL
Pinnacle Uptown
905-568-9000 • from $200,000 19K
35 ASHLEY OAKS GROUP
Emporium at Joshua Creek
905-618-0660
45 EMPIRE COMMUNITIES
Rain Condominiums
47 THE DANIELS CORPORATION
Daniels Erin Mills
•
•
• from $188,000 21K
• from $204,000 13F
the6ixthtowns.com • from $300,000 16P
• from $274,000 17O
empirerainsenses.com • from $350,000 17Q 905-306-6996 • from $200,000 17M
SEARCH ONLINE ypnexthome.ca *TH: Townhomes, Attention Builders - Want to add your community to our maps? Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554
082-Condo_Maps&List.indd 6
89
2016-02-10 5:39 PM
WhitechurchStouffville
A
East
Mt Albert Rd
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14 Ave
Steeles Ave E
Site
34
Town of Markham
Raymervil
n
de
Al
Main St S
404
Major Mackenzie
Bullock Dr Hwy 7
Aldergrove Dr
Builder PEMBERTON GROUP
3 407
e
#
Kennedy Rd
8
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
9
45
7 17
404 St
Warden Av e
32
18 Ave
16 Ave Carlton Rd
Ave
John
Woodbin e
7
Clark Ave W
Steeles Ave W
90
16th Ave.
Thornhill Henderson Av
13
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Centre St
Leslie St
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407
Elgin Mills Rd
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4
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n to
44
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40
43 10 33
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Richmond Hill
Langstaff Rd
19 Ave
404
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Weldrick Rd W
7
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St
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St
St
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Dufferin
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407
t nce S Clare Kipling Av
50
7
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41
19th Ave.
Gamble Rd
n
Langstaff Rd
401
McCowan Rd
Millard St
Rutherford Rd
400
16
401
Yorkland
Hwy. 27
48
15
Rd
Huntingto
F
Town of Oshawa
Bethesda Sideroad
9
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Key Maps
Town of Whitby
401
19 Ave
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City of Pickering
Yonge St
6
Town of Ajax
21 22 23 24 25 26
Jefferson Sideroad McCowan
Teston Rd
King Rd
Bloomington Rd
y Cr
D
Nashville Rd
Stouffville Rd
Keele St
Pine Valle
k Rd
Kirby Rd
404
400
Jane St
Weston Rd
C
Vandorf Sideroad Kennedy Rd
Woodbin e Ave
King-Vaughan Rd
McCowan Rd
Aurora Rd
Warden Ave
B
Bayview Ave
ession Rd
St John's Sideroad
Leslie St
9 Conc
Vivian Rd
Cold Cree
12 Line Rd
905regionalmaps: Maple, Thornhill, Richmond Hill, Vaughan, Markham, Stouffville, Ajax, Whitby, Oshawa
1 2 3 4 5 6 7 8 Town9 of 10 11 12 13 14 15 16 17 18 19 20
Markham
Denison St
Page
Finder
Indigo Condiminiums
905-553-1430 • from $250,000
Telephone TH* C* Price Range
8 & Insert
9E
13 LIBERTY DEVELOPMENT CORP.
Legacy Park
905-731-8302 • from $300,000
36
10G
17 REMINGTON GROUP
York Condos Downtown Markham 905-948-9900 • from $200,000
59
1&F
31 PEMBERTON GROUP
Sky City 2
905-709-5700 • from $350,000
Insert
12F
32 LIBERTY DEVELOPMENT CORP.
Royal Gardens
905-889-9997 • from $303,000
37
15F
43 GUIZZETTI DEVELOPMENTS
Grand Palace
905-907-4370 • from $250,000
51
12E
3
TRIBUTE COMMUNITIES
Varley
905-604-1477 • from $550,000 19F
4
TRIDEL CORPORATION
Renaissance of Richmond Hill
416-736-9500 • from $795,000 14E
5
LINDVEST
Grand Cornell Brownstones in Markham 905-294-6161 from $340,000 23F
6
ARMOUR HEIGHTS DEVELOPMENTS
The Sorrento
289-637-1777 • from $400,000 13B
7
MINTOURBAN COMMUNITIES INC.
WaterGarden
416-915-3800 • from $770,000 12F
8
WYVIEW GROUP
Unionville gardens
unionvillegardens.com • from $200,000 18F
10 GREAT LANDS CORP.
The Beverly Hills Resort Residences 905-882-6636
• from $277,000 12E
15 GERANIUM HOMES
Pace on Main
16 PODIUM DEVELOPMENTS
University Studios
31 PEMBERTON GROUP
Sky City
905-709-5700 • from $300,000 12F
32 SIGNATURE COMMUNITIES
TAO Boutique Condos
905-597-2535 • from $364,000 15F
33 PEMBERTON GROUP
Miracle at Yonge
905-709-5700 • from $300,000 12F
34 SIERRA HOMES
68 Main Street
905-305-0822 • from $250,000 21E
40 NOVA TRIMAX
Allegra
905-850-6866 • from $200,000 1F
41 QUADCAM DEVELOPMENT GROUP INC
Vista Parc Condominiums
905-850-8883 • from $200,000 3F
44 LIBERTY DEVELOPMENT CORP.
Centro Square Condos
905-851-8877 • from $333,000 5F
45 KYLEMORE COMMUNITIES
The 6th Angus Glen
905-887-9950 • from $625,000 19E
905-591-1071 • from $330,000 10C universitystudios.ca • from $150,000 25 B
*TH: Townhomes, Attention Builders - Want to add your community to our maps? Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554
082-Condo_Maps&List.indd 7
2016-02-10 5:39 PM
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NH&C Builders Annual
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Colours: CMYK
Built: 25/02/2015 - KA
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2015 Home Builders’ Annual
HIGHLIGHTING THE
top builders & condo communities
HIGHLIGHTING THE TOP
Highlighting the top builders and developers across the GTA
across the GTA
EXPERT ADVICE Top tips to guide you through the homebuying process
KNOCK ON WOOD Six-storey wood housing a viable new option
builders & developers
HIGHLIGHTING THE top builders & new-home communities
in Ottawa
across SWO
Is This Why It’s Called The Greater Toronto Area?
D
iscover great new ways to live all around the Toronto region. Mattamy lets you choose where and how to live more fully in extraordinary communities from Hawthorne South Village in Milton, The Preserve in Oakville, Mount Pleasant North in Brampton, St. John’s Forest in Aurora, to Downsview Park within Toronto.
And coming soon, exciting new communities like Cornell in Markham, Heron Park in Scarborough, Richmond Green in Richmond Hill, and Seaton in Pickering. Thanks to thoughtful design and an insistence on making every space beautifully livable, Mattamy has created over 70,000 homes in hundreds of communities across North America.
THE EXPERTS WEIGH IN:
Location, lifestyle, costs & your new condo
EXPERT ADVICE Top tips to guide you through the homebuying process
Taunton Taunton Why pre-construction condo investments pay off
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EXPERT ADVICE Top tips to guide you through the homebuying process
THE ALLURE OF LUXURY CONDO LIVING
BEYOND MORTGAGE RATES How accelerated payments can save you thousands
2015-02-26 5:06 PM
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2016 MODEL SUITE CALENDAR
2016 MODEL HOME CALENDAR
AN EXCLUSIVE COLLECTION OF THE GTA’S MOST BEAUTIFUL CONDOS
AN EXCLUSIVE COLLECTION OF THE GTA’S MOST BEAUTIFUL NEW HOMES
2016 MODEL HOME CALENDAR SEASONS IN CALEDON | PRIMONT HOMES
LIGHTHOUSE TOWER | DANIELS WATERFRONT
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HIGHLAND RIDGE | EASTFOREST HOMES
11/25/15 10:24 AM
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AN EXCLUSIVE COLLECTION OF SWO’S MOST BEAUTIFUL NEW HOMES AND CONDOS
11/26/15 12:27 PM
2016-02-09 11:11 AM
Looking for a newly built condo? Selling and saving the commission means saying yes to extra square footage.
Your home sale. Our REALTORS速. No commission. REALTOR速. Member of the Canadian Real Estate Association and more. Not intended to solicit currently listed properties or buyers under contract.
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Opearl Developments has been featured as “Model suite Of The Month” as seen in the New Condo Guide model suite calendar
Model Suite Photo Compliments of Opearl Developments
DEVELOPMENTS
www.SailCondos.ca
Sail Condominiums. A landmark building in a landmark location. Victoria Park and Sheppard Avenues.
FEBRUARY 2016
INDEX OF ADVERTISERS ADI Development Group - Nautique Lakefront Residences
73
Mattamy Homes - J Davis House
ADI Development Group - Station West
44
Mattamy Homes - Lago
Insert
Aragon Properties - Enigma on the Park
65
Mattamy Homes - Riva del Lago
Insert
Aspen Ridge Homes - Scenic on Eglinton
23
Menkes Developments Inc. - 365 Church
Insert
Aspen Ridge Homes - Studio on Richmond
23
Menkes Developments Inc. - 87 Peter
Insert
Aspen Ridge Homes - The Jack
23
Menkes Developments Inc. - Fabrik
Insert
Menkes Developments Inc. - Harbour Plaza
Insert
Menkes Developments Inc. - Pears on the Avenue
Insert
Menkes Developments Inc. - The Eglinton Yonge at Heart
Insert
Baywood Homes - TEN93 Queen West
9
Bazis Inc. - No1 Yorkville
3
Biddington Homes - J Davis House Camrost - Felcorp - Cumberland Tower - Yorkville Plaza II
BC 1
Castleridge Homes - Cocoon Condos at the Clarington
22
ComFree - Promo
92
Concord Adex - The Lakeshore Cresford Development Corp. - 1000 Bay Cresford Development Corp. - CASA 2
28-29 96
BC
Mikey Young At Heart - Promo
77
Opearl Developments - Model Suite of the Month - Sail Condos
93
Opearl Developments - Sail Condominiums
32
Pemberton Group - Citylights on Broadway
Insert
Pemberton Group - Downtown Erin Mills Condominiums
Insert
96 & IBC Pemberton Group - Downtown Erin Mills Condominiums Tower 2 Insert
Cresford Development Corp. - The Clover on Yonge
96
Cresford Development Corp. - VOX
96
Pemberton Group - Indigo Condiminiums Pemberton Group - Sky City 2
8 & Insert Insert
Diamante Development Corp. - The Diamond Condominiums on Yonge 69 Pemberton Group - TEN93 Queen West ELAD Canada - Fifth on the Park
9 & Insert
31 Pemberton Group - The Urban Townhome Collection
Insert
Empire Communities - Eau Du Soleil Waterfront Condominiums 6-7 Pinnacle International - The PJ Family of magazines - Promo
91
Fieldgate Homes - Zigg St.Clair West
53
Great Gulf - Monde
45
Great Gulf - One Bloor Residences
45
Great Gulf - Yonge+Richmond
45
Guizzetti Developments - Grand Palace
51
Liberty Development Corp. - Legacy Park
36
Liberty Development Corp. - Royal Gardens
37
Liberty Development Corp. - Terrace on Danforth
Plaza - Corporate
5 46-47
Remington Group - York Condos Downtown Markham
59
Rockport Group - The Nest
67
Royal Pine Homes - Hampton Place
75
St. Thomas Developments - 88 Queen
63
State Building Group - 609 Avenue Road
55
The Daniels Corporation - Daniels Waterfront
13
37
The Daniels Corporation - High Park Condominiums
15
Liberty Development Corp. - The Village Residences
35
The Daniels Corporation - Olivia Marie Gardens
19
Liberty Development Corp. - World on Yonge
37
Tridel Corporation - Parfait at Atria
Lifetime Developments - Whitehaus Condominiums
27
Urban Capital - RC3
33
Lindvest - Sonic
39
What’s Online - Promo
95
Madison Homes - Zigg St.Clair West
53
Your First Home - Promo
62
YP Next Home - Promo
72
Malibu Investments Inc. - Southside Residences at Gramercy Park 57
IFC
94 YPNEXTHOME.CA
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What’s Online
Trending now The latest real estate news from across Canada
Converted homes: Toronto’s best church lofts
Canadian housing market to be tested in 2016: CIBC’s Tal
READ THE STORY ONLINE ypnexthome.ca/converted-homes
READ THE STORY ONLINE ypnexthome.ca/2016-test
Quiz: Your Chinese zodiac sign based on your home style TAKE THE QUIZ ypnexthome.ca/chinese-zodiac
Toronto’s top builders foresee solid sales in 2016
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Visit our website: FEBRUARY 13 - 27, 2016 | NEW CONDO GUIDE 95
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INTRODUCING THE
SIGNATURE PENTHOUSE COLLECTION BY
LIMITED EDITION YORKVILLE PENTHOUSES AT 42 CHARLES STREET EAST FROM UNDER $1 MILLION FOR THE FULL STORY VISIT CASA2CONDOMINIUMS.COM BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST’S CONCEPT. E. & O.E.
ACTUAL WEST VIEW FROM 22nd FLOOR
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.
LIVE LARGE ON BAY STREET BAY & BLOOR MOVE IN SPRING 2016 3 BEDROOM SUITES AVAILABLE SUITES FROM THE HIGH $300’S 416.485.3000 1THOUSANDBAY.COM
COMING SOON ORIGINAL RESIDENCES REGISTER NOW YSLRESIDENCES.COM
YORKVILLE MOVE IN SPRING 2016 PENTHOUSES FROM UNDER $1 MILLION SUITES FROM THE HIGH $300’S 416.486.CASA (2272) CASA2CONDOMINIUMS.COM
595 YONGE STREET PENTHOUSES COMING SOON 416.485.3000 THECLOVERONYONGE.COM
YONGE & WELLESLEY UNDER CONSTRUCTION PENTHOUSES COMING SOON FURNISHED BY DIESEL LIVING 416.485.3000 VOXCONDOMINIUMS.COM BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST’S CONCEPT. E. & O.E.
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Deliciously priced. Delectably spacious. Every opportunity in life should be this delectable. Experience a deep variety of goodness, layer after layer. It’s hard not to just dig in. It’s decadent, indulgent, and filled with adventurous flavour. Prepare to savour your life here. With so much to love, Parfait really is the cherry on top of Tridel Dorsay’s master planned community, Atria.
LIFE IN NORTH YORK JUST GOT SWEETER.
EIGHT DECADES OF HOME BUILDING. OVER 80,000 HOMES BUILT. TRIDEL COMMUNITIES ARE BUILT GREEN. BUILT FOR LIFE.® ©Tridel 2016. ®Tridel, ”D” design, Tridel Built for Life, Tridel Built for Life Design, and Built Green. Built for Life are registered Trademarks of Tridel Corporation. Project names and logos are Trademarks of their respective owners. All rights reserved. Illustrations are artist’s concept only. *Specifications subject to change without notice. E.&O.E. February 2016.
COMING SOON Coming Soon to Sheppard Avenue (East of the 404) Visit tridel.com
tridel.com
NEW KID ON THE BLOCK. Introducing J. Davis House, a stunning new condominium residence on Yonge just north of the Davisville Subway Station. This is no tower of power, instead it’s an intimate boutique-style residence that quietly harmonizes with the tree-lined residential streets that are its neighbours. Residences at J. Davis House offer sublime elegance, quality features and finishes and plentiful spaces, many with large terraces. J. Davis House, in tune with your life.
From the low $300's.
Prices, specifications and promotions are subject to change without notice. E.&O.E. Illustration is artist’s impression. Feb/16.
YONGE
J D AV I S H O U S E . C O M 6 4 7. 3 4 3 . 3 2 7 0
BELSIZE MILLWOOD