APR 29 - MAY 13, 2017 VOLUME 21, ISSUE 9, FREE
GTA EDITION
WHAT DO YOU WISH FOR IN A CONDO? INSIDE THIS ISSUE
INVESTMENT NOTE THAT CONDOS: THIS CALLOUT RENTABILITY IS VERSUS ALWAYS RETURN YPNHON GREY INVESTMENT IN COLOUR
5AND WAYS THAT TO THE INVEST BAR IS ALWAYS HIT SHIFT F7 TO AND DISTRIBUTE IS NOW A GOOD TIME IN WHITE REALON ESTATE BOTTOM OF PAGE SPACING AT 0.2074 INCHES BE A CONDO LANDLORD?
Editor’s Note
16 steps to housing affordability HOMEOWNERSHIP has become a pipe dream for the average Joe
LYDIA MCNUTT Senior Editor Yellow Pages NextHome Email: Lydia.McNutt@YPNextHome.ca Twitter: @LydiasTweets
and Jane, with house prices in the Toronto region climbing to an unprecedented $916,567 in March 2017, up 33.2 per cent year-overyear. While existing owners and sellers have been reaping the rewards of their fast-growing home equity, new homebuyers have been feeling the price pains. In a bid to rein in runaway real estate prices, Premier Kathleen Wynne has announced Ontario’s Fair Housing Plan, a 16-point strategy which includes, among other measures, a 15-per-cent Non-Resident Speculation Tax, rent control and a new Housing Supply Team, tasked with identifying and overcoming obstacles specific to new housing development. Flip to page 14 for more details on the Fair Housing Plan, then read the story on page 28 to find out how these changes may affect you. In BC, measures introduced last year, such as the 15-per-cent foreign buyers’ tax, coupled with federal changes to mortgage qualification rules, appear to have succeeded in slowing price growth in what had been Canada’s priciest housing market. Only time will tell if Ontarians will see any relief.
HOW TO SPOT A GOOD (AND BAD) HOME BUILDER
READ IT ONLINE
The popularity of condominium living has given rise to a new breed of home builders, and they’re all vying for your attention. But how do you know which one has what you’re looking for? There are seven key questions you’ll want to ask before you sign on the dotted line. Read the full story online! nexthome.yp.ca/choosing-a-builder
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Make the most of every minute. PINNACLE ETOBICOKE is located at the heart of the New City Centre. Close to the Kipling Hub, GO station and major highways, this magnificent master-planned community offers an exciting collection of condominium homes designed just for you. With easy access to everything you love about the city – living, working and playing are possible in a location that has it all. Make the most of every minute at Pinnacle Etobicoke.
ONSITE SALES CENTRE OPENING SOON! 5475 Dundas Street West
(Between Hwy 427 and Kipling) Condominiums from the mid $300s
REGISTER TODAY! PinnacleEtobicoke.ca
PinnacleInternational.ca | 416.596.1600
V TORONTO . MISSISSAUGA . VANCOUVER .
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 3 Brokers Protected. Prices and specifications are subject to change without notice. E.&O.E.
Contributors
BILD REPORT
BRYAN TUCKEY Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and BILD’s official blog (bildblogs.ca).
VICE PRESIDENT & CHIEF PUBLISHING OFFICER
Caroline Andrews PUBLISHER & GENERAL MANAGER
Shawn Woodford DIRECTOR OF SALES
Moe Lalani
LEGALLY SPEAKING
JAYSON SCHWARZ Jayson Schwarz LL.M is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit the website at schwarzlaw.ca or email info@schwarzlaw.ca.
ASSOCIATE PUBLISHER
Anne-Marie Breen SENIOR MANAGER, CONTENT
Jennifer Reynolds SENIOR EDITOR
Lydia McNutt ART DIRECTOR
Daiana Garay
CONDO PRO
BARBARA LAWLOR Barbara Lawlor is president and CEO of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in the GTA and overseas.
CONTRIBUTING EDITORS
Sonia Bell Wayne Karl Elisa Krovblit DESIGN EDITOR
Yanic Simard
SENIOR ACCOUNT EXECUTIVE
STAT CHAT
Nina Downs nina.downs@ypnexthome.ca
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.
SALES & MARKETING CO-ORDINATOR
Terry Bassett
PRODUCTION MANAGER
Helen Pearce PRODUCTION CO-ORDINATOR
Sandra Hanak-Vujnovic
FUNDAMENTALLY SPEAKING
WAYNE KARL
GRAPHIC DESIGNER
Miguel Cea
Wayne is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at twitter.com/WayneKarl.
more online We have even more content online! Read more stories from our team of contributors at ypnexthome.ca, including stories by:
DESIGNER ADVICE
YANIC SIMARD Celebrity Designer Yanic Simard is New Condo Guide’s design editor, principal designer of award-winning, boutique firm Toronto Interior Design Group (tidg.ca), and regular design expert on City’s Cityline. @yanicsimard
#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 ypnexthome.ca
ADVERTISING Call 416.626.4200 for advertising rates
and information. CIRCULATION Highly targeted, free distribution system aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments. COPYRIGHT 2017 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.
MORTGAGE ADVICE
ALYSSA FURTADO Alyssa Furtado is the Founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.
4 YPNEXTHOME.CA
EDITORIAL Submissions from interested parties will be
considered. Email your ideas to the editor at lydia.mcnutt@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication.
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 5
Union Station
Pearson Airport
York University
Vaughan Mills
GO ANYWHERE FROM HERE When you choose to live at GO.2 your dynamic new community brings you close to major highways, premium shopping, dining, entertainment, and plenty of lush parkland. Being a part of a Pemberton master-planned condo community also means you’ll enjoy the benefi ts of thoughtful, spacious design. At GO.2 you’re living completely connected, directly adjacent to the Maple GO station ensures you can get almost anywhere, anytime, in nearly no time. When you’re here at GO.2, you really have arrived.
COMING SOON TO THE HISTORIC VILLAGE OF MAPLE REGISTER at pembertongroup.com
Exclusive Listing Brokerage, Royal LePage - Your Community Realty. Brokers Protected. Illustrations are artist concept E.&O.E.
6 YPNEXTHOME.CA
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 7
What’s Online
Trending now The latest real estate news from across Canada
What a $1-million home looks like, from coast to coast
High-density housing: The next frontier in lowrise living
READ THE STORY ONLINE nexthome.yp.ca/million-dollar-homes
READ THE STORY ONLINE nexthome.yp.ca/high-density-lowrise
Small homes driving design trends READ THE STORY ONLINE nexthome.yp.ca/bathroom-trends
Trend-spotting: Go blonde or go home!
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COMING THIS AUGUST
o l l e h y a S to Wesley
Mississauga’s tall good-looking newcomer This August, The Daniels Corporation will bring over 34 years of homebuilding experience back to the Mississauga City Centre with WESLEY TOWER AT DANIELS CITY CENTRE. Located at the corner of Confederation Parkway and City Centre Drive, you’ll fall in love with Wesley’s beautifully crafted studio to 3 bedroom suite designs, sophisticated features, stunning views, and vibrant amenities. Don’t wait a minute longer, introduce yourself today!
REGISTER 905.819.8889 TODAY DANIELSCITYCENTRE.COM
Exclusive Listing: CityLife Realty Ltd., Brokerage. Brokers protected. Illustrations are artist’s concept. Specifications and programs are subject to change without notice. *Conditions apply, limited time offer. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. E. & O. E.
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 9
contents APRIL 29 – MAY 13, 2017 | VOLUME 21, ISSUE 9
20 ON THE COVER
Wish Condos: Liberty Development brings experience and quality to the 416
+ online NEIGHBOURHOOD
HOME SEARCH
MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING
property profiles
trending
26 Bloor Promenade
14
50 Arch Lofts
16
Come home to go anywhere
The Greener side of the Junction
builder profile WITH
DYNAMIC MAPS
10 YPNEXTHOME.CA
LOOK FOR THE CIRCLE
36
Lindvest
10 minutes with Michoel Klugmann
Housing affordability
Ontario’s Fair Housing Plan addresses un-affordability
Q&A
Barbara Lawlor on why condos are king, and will continue to rule in the GTA by Lydia McNutt
28 Homebuyers’ help
Fair or foul? Making sense of Ontario’s housing plan by Wayne Karl
26 34 Industry awards
Tarion names winners of 2017 Homeowners’ Choice Awards
38
Finances
Survey says more Canadians are buying homes solo
40 Purchaser profile
One couple’s feel-good home-hunting guide
44 Investment advice
What renters want, versus what really pays off by Lydia McNutt
56 Condo launch
SmartREIT, Mitchell Goldhar and CentreCourt launch Transit City
58 Sweetest suites
Inviting model suite showcases beautiful living at ME2
advice
12
BILD report
The housing market and unintended consequences by Brian Tuckey
22 Mortgage advice
Should you use the Home Buyers’ Plan?
62 Get organized
Four organizing myths that keep your life in disarray
by Alyssa Furtado
24 Stat chat
Is now a good time to be a condo landlord?
by Hellen Buttigieg
inspiration
42 Condo sense
Small-space survival guide
by Ben Myers
32
Money matters
Owning versus renting
What’s in a new-home warranty?
64 Style file
Blondes have more fun by Elisa Krovblit
buyers’ resource section
Five ways to invest in real estate in Canada by Jayson Schwarz
04 Contributors 08 What’s online 78
Advertiser index
district maps
68 Toronto and Waterfront 74 905 region
66 Hot properties 905
Previews, new releases and grand openings in the 905
by Wayne Karl
54 Legally speaking
02 Editors’ note
by Lydia McNutt
by Gail Vaz-Oxlade
48 Fundamentally speaking
in every issue
67
Hot properties 416
Previews, new releases and grand openings in the 416
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 11
Advice | BILD REPORT
The housing market and unintended consequences By Bryan Tuckey
MORE ADVICE ONLINE ypnexthome.ca/news/advice
THE JUST RELEASED new housing
market data for February are both encouraging and discouraging. The data, provided by Altus Group, shows record sales for the condominium market – especially in the 905 region – and it shows an unprecedented scarcity of new housing inventory, particularly for lowrise homes. It also shows that, while government is setting the laws for the housing industry to follow, it’s the laws of unintended consequences that are following our market. Provincial land-use policies, such as the Growth Plan meant to limit sprawl and encourage urban intensification, are well intentioned, but they are helping to fuel our current housing crisis. Today, we are seeing frustration, angst and fear among consumers, inflated pricing and undiminished demand for ground-related homes. Altus’ data showed that at the end of last month there were only 324 new detached homes available for purchase in builders’ inventories across the entire GTA. A decade ago, there were more than 10,000 homes waiting for buyers. For those who took a high school economics class, you probably remember the unit on supply and demand. New housing scarcity is at an all-time high, and has resulted in record-high home prices. Available new, single-detached homes in the GTA averaged $1.47 million last month, and if you factor in additional lowrise product such as townhomes and semi-
detached homes, the average price was $1.08 million. The industry is following provincial intensification policies and we are selling and building fewer groundrelated homes and more highrise and midrise ones. Last month, more than twice the number of condo apartments were sold than lowrise homes, the majority of which were sold in the 905 area. Altus’ data found that 1,661 of the condo suites were sold in Toronto, while Durham, Peel, Halton and York collective accounted for 1,881 sales. Demand for condo suites in the GTA continues to be strong and inventory levels dropped again in February, reaching a new low of just 10,342 units. The significant decline in all types
of inventory and record-high prices show that the government’s landuse policies are having a real impact on people in the GTA. Whether you live (or want to live) in a house, townhouse or a condo apartment; whether you want to live in the 905 or 416, there’s no escaping the reality that the market is experiencing a crisis and new policies are desperately needed, before it’s too late.
Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and is a land-use planner who has worked for municipal, regional and provincial governments. He can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta) and BILD’s official online blog (bildblogs.ca).
12 YPNEXTHOME.CA
WAT
COMING THIS SPRING A NEW LEADING LIGHT AT TORONTO’S WATERFRONT
THE NEWEST OPPORTUNITY TO LIVE AT DANIELS WATERFRONT The evolution of art, culture, and life on Toronto’s waterfront. Hot off the heels of the Lighthouse West Tower, Daniels welcomes Lighthouse East Tower at Daniels Waterfront – City of the Arts – an iconic, waterfront address, steps from Lake Ontario, Sugar Beach, gorgeous parklands, trails, dining, shopping, entertainment, and more. Experience life connected to the lake, the city, and the arts at Lighthouse East Tower.
Suites from the $300s REGISTER TODAY!
LIGHTHOUSEEASTTOWER.COM | 416.221.3939 Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustration is artist’s concept. Specifications and prices are subject to change without notice. E.& O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited. Actual view may not be exactly as shown.
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 13
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Trending
Ontario’s Fair Housing Plan addresses un-affordability HOUSING AFFORDABILITY – or lack
thereof – has been a hot topic in the GTA for some time now, and Ontario is finally taking action to address the issue. The Ontario government recently announced its Fair Housing Plan, a 16-point plan geared to help make housing more affordable while bringing stability to the real estate market and protecting the investment of homeowners. These measures include a 15-percent Non-Resident Speculation Tax (NRST) which would apply to nonCanadian citizens, non-permanent residents and non-Canadian corporations buying residential properties containing one to six units in the Greater Golden Horseshoe. The plan is also expanding rent control to all private rental units, including those built after 1991, strengthening protections for tenants against sudden and dramatic rent increases. In addition, the plan empowers Toronto, and potentially other municipalities, to introduce a vacanthome tax, to encourage owners to sell or rent unoccupied units. The province will also work with municipalities and other partners to identify provincially owned surplus lands that could be used for future housing development. The Fair Housing Plan includes 12 more measures, such as introducing a targeted $125-million, fiveyear program to encourage the construction of new purpose-built rental apartments by rebating a portion of development charges. The government will also work to better understand and tackle practices that may be contributing to tax avoidance and excessive speculation in the housing market, such as “paper flipping,” a practice that includes entering into a contractual 14 YPNEXTHOME.CA
MORE TRENDING ONLINE ypnexthome.ca/news
agreement to buy a residential unit and assigning it to another person prior to closing. As part of the plan, a new Housing Supply Team of dedicated provincial employees will identify barriers to specific housing development projects, and work with developers and municipalities to find solutions. Taken together, these new policies represent a substantial, multifaceted plan to address Ontario’s rising housing costs so that families can access homes that meets their needs. “People work hard to provide for their families. They should be able to rent or enter the real estate market without making great sacrifices or taking on a huge amount of risk,” said Ontario Premier Kathleen Wynne. “At the same time, we recognize the need to protect the significant investment homeowners have made. This plan balances those needs to stabilize the market and prevent a sharp correction that would be harmful to everyone.”
FACTS & FIGURES: • The average Toronto-area home hit a high of $916,567 in March 2017, up 33.2 per cent year-over-year (source: Toronto Real Estate Board) • Housing affordability in the Toronto area in Q4 of 2016 was at its second-worst level since the mid1980s (source: RBC Economics) • To help first-time homebuyers, Ontario doubled the maximum Land Transfer Tax refund to $4,000 for qualifying first-time homebuyers, as of Jan. 1, 2017 • The average rent per sq. ft. for new leases in the GTA condo market rose 11 per cent in Q4 of 2016 compared to a year earlier – the fastest pace of growth since at least 2011. • Toronto’s vacancy rate fell to 1.3 per cent in the fall of 2016, the lowest in 12 years (source: Urbanation)
Location. Style. And being part of the next great thing. Something is happening along The Queensway. A new urban experience is coming with a redesigned pedestrian environment and exciting new retailers and restaurants, all next to beautiful tree lined streets and perfectly located between downtown and the city’s western suburbs. And at the heart of it all will be a decidedly urban and sophisticated development Queensway Park. Named after the park that borders it to the north, Queensway Park brings Urban Capital and Rosewater’s signature downtown style, “designed for living” features and commitment to good development to the new Queensway Village. Coming this spring. Register now.
queenswaypark.ca EXCLUSIVE BROKER
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 15
Trending
Why condos are king, and will continue to rule in the GTA By Lydia McNutt
Will demand continue to grow? Will prices keep rising? Is now a good time to buy? We chatted with Barbara Lawlor, president of Baker Real Estate and a condo expert in her own right, about what to expect in the GTA condo market in 2017 and beyond. NEW CONDO GUIDE: Are condos still a good investment in 2017?
CONDO LIVING HAS COME INTO THE MAINSTREAM, now more than ever, thanks to low supply and high demand for detached houses in the Greater Toronto Area. Last year, the GTA saw condo sales rise by 20.3 per cent, according to the Toronto Real Estate Board, and prices increased by 9.7 per cent. On the new-construction front, there were 29,186 new highrise units sold across the GTA in 2016 – more than in any previous year on record, and 30 per cent higher than highrise sales tallied in 2015, according to Altus Group. Those who already own a condo are undoubtedly doing their happy dance at the mere thought of their growing equity and the prospect of bidding wars on resale. Meanwhile, prospective purchasers are wondering if 2017 is a good time to get into the condo market.
16 YPNEXTHOME.CA
BARBARA LAWLOR: In a word, yes! A new condo anywhere in the Greater Toronto Area is one of the best investments you can make. Just look at the statistics for 2016, which was a record year for high prices and highrise condo sales. In December 2016, the average price of a condo unit was $507,128 – up from $321,353 in December 2006. Imagine how happy those who purchased back then are today! Lowrise home prices have forced a lot of end-users and investors out of that market, and scarcity of lowrise properties has brought about bidding wars. Pricing definitely impacts the mainstream (which is now condominium), and most investors and end-user buyers can still afford condos. This demand will be around for a long time, especially with our strong and growing immigration numbers, which are an increasingly vital pillar of economic growth. We have first-time homebuyers (with one in every four getting financial help from family to get into the real estate market) turning to condominiums in great numbers. We also have move-up purchasers, empty-nesters and retirees whose savings are not drawing in the interest they assumed they would enjoy at this time in their lives. NEW CONDO GUIDE: What would you tell prospective condo buyers who are worried about a housing market crash? BARBARA LAWLOR: I would tell them to relax, as the fundamentals in place are not indicating any kind of crash. Toronto still has a long way to grow compared to other international cities. When it comes to condominiums, we are just coming out of our infancy, and the GTA is not even close to the level of saturation as [we see] on Canada’s west coast. With our growing immigration numbers, the demand for new homes here is phenomenal. In addition, with the situation south of the border, the interest level of Americans in Canadian properties has skyrocketed. This is brilliant for Toronto. Mortgage rates are still incredibly low, and our developers are doing a fantastic job of designing efficient, compact suites that help to keep condo prices reasonable. Price drives end-users who get pre-qualified for a specific upper mortgage limit, but investors usually have more money to play with. We’re on solid ground.
Model suite photo compliments of Pemberton Group | www.PembertonGroup.com
The Urban Townhome Collection, Toronto | The Devonshire Model Home | 2,798 sq. ft. + 449 sq. ft. Terrace
APRIL 2017
Pemberton Group has been featured as “Model Suite of the Month� as seen in the New Condo Guide model suite calendar
THE GTA’S GREATEST
BY LIBERTY DEVELOPMENT 10 MODELS FOR VIEWING - BOOK YOUR SHOWING NOW
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APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 19
Property Profile | WISH CONDOS
cover story
Wish Condos, aerial rendering by Liberty Development
Liberty Development brings experience and quality to the 416
at WISH CONDOS SMART CONDO BUYERS looking for an experienced builder with a reputation for delivering quality condominium communities need not look any further than Wish Condos by Liberty Development. This new boutique residence is located in northeast Toronto, just north of Hwy. 401 in a quiet, family neighbourhood surrounded by detached homes. Backing on to a one-acre park with mature trees and playground, Wish Condos is close to transit, several well-regarded public schools and great shopping centres. 20 YPNEXTHOME.CA
The midrise building is designed to be a modern, mixed-use residence with only 18 storeys. Conveniently located retail shops will be situated on the ground level of Wish Condos, and the park-side setting offers a peaceful alternative to downtown living with all the benefits of an urban setting.
Wish Condos, terrace rendering by Liberty Development
“Area residents know this community as Wishing Well Woods, an established, much-loved neighbourhood with great schools, just minutes from Fairview Mall, Hwy. 401 and the DVP,” says Marco Filice of Liberty Development. “This is a once-in-a-lifetime opportunity to own a brand-new residence in this community. We offer exceptional value, and Liberty Development has a history of delivering beautiful, quality residences that are tailor-made for today’s busy families.” The modern architectural design of Wish Condos showcases large balconies, and a selection of terraced, cascading suites facing the park – a must-see scale model of the residence will soon be available to view at the sales office on the southeast corner of Pharmacy and Sheppard Avenue. Offering one-, two- and threebedroom suites, all the homes at Wish are available with or without dens in a range of sizes up to over 1,200 sq. ft. Inside, the suites are well appointed, and the price includes a full set of kitchen appliances and a stacked washer/dryer. Nine-ft. ceilings keep the suites feeling spacious and bright, and the modern, European-style bathroom vanities, fixtures and kitchen cabinets are finished with granite or quartz
countertops with undermount sinks, as per plan. “The building amenities at Wish Condos have been thoughtfully designed for every size of family, including single professionals and empty nesters,” says Liberty Development’s Shawn Richardson. “There is a sports lounge, card room, dog wash, exercise room and yoga studio, as well as a party room with a private dining room. We’ve designed not one, but two outdoor terraces for all residents to enjoy – both offering great views and a fun place to gather with friends and family.” In the immediate area, there are established schools, including Sir John A. MacDonald Secondary School, Fairglen Junior Public School, and Mary Ward Catholic Secondary School. To the west and south of the community you’ll find several grocery stores, tasty bakeries and a selection of one-of-a-kind restaurants that rival downtown eateries without the hassle of having to search and pay for parking. Everything you need is a short car or transit ride away. Downtown Toronto can be easily accessed via Don Mills Station, located less than two kilometres west of the community beside Fairview Mall, or by car via the DVP nearby.
Location
Scarborough Builder
Liberty Development Development
Wish Condos Home Type
1-, 2- and 3-bedroom condo units Sales centre
Southeast corner of Pharmacy and Sheppard Contact
wishcondos.ca
Wish Condos is a proud supporter of Make-A-Wish Toronto & Central Ontario, helping to grant magical wishes for children with lifethreatening medical conditions. Jessica Leung and Christina Calla from Royal LePage West Realty Group Brokerage will graciously donate a portion of their commission to every sale they make at Wish Condos. Prices at Wish Condos begin in the mid-$280,000s. Keep in mind that the pre-construction phase is often the best time to purchase a new condo in the Toronto market. For further information, please visit wishcondos.ca. APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 21
Advice | MORTGAGE ADVICE
Should you use the Home Buyers’ Plan? By Alyssa Furtado
MORE ADVICE ONLINE ypnexthome.ca/news/advice
WITH THE HIGH price of homes in the
GTA, it can take years to save for a down payment because homebuyers must put down five per cent or more. The Canadian government has a program called the Home Buyers’ Plan (HBP) to help first-time buyers get into the market. This program allows you to withdraw up to $25,000 from your RRSP if you’re a first-time homebuyer. If your spouse or partner is also a firsttime buyer, they can also withdraw $25,000 from their RRSP, for a total down payment of $50,000. But is the HBP right for you? Let’s look at the advantages and disadvantages of the program. Save your down payment quicker The largest benefit of the HBP is that it lets you become a homeowner faster. Saving for a large down payment can be daunting if you’re starting at zero. The HBP allows you to access the money you already have saved in your RRSP. This “extra” money can significantly decrease the time you have to spend saving. Reduced mortgage default insurance costs If you’re planning to make a down payment of 20 per cent or less, your mortgage is considered high-ratio, and you’ll need mortgage default insurance. The lower your down payment, the higher your premiums. 22 YPNEXTHOME.CA
As of March 17, premium rates are: Down payment Premium rate 5% to 9.99% 4% 10% to 14.99% 3.1% 15% to 19.99% 2.8% 20% or more 0% You don’t have to pay the insurance premiums at closing. Instead, they’re usually added to the mortgage and you pay them off over time. The down-side of mortgage insurance is you’re essentially paying for nothing. The insurance doesn’t protect you, it protects your lender in the event you default on payments. Adding these premiums to your mortgage means you’ll have less home equity. Even if you shop around for the best rates, you’ll pay added interest over the life of your mortgage. If you don’t want to pay mortgage insurance, you need to put down at least 20 per cent. Some Canadians use the HBP to top up their existing down payment to 20 per cent, to avoid mortgage insurance.
You’ll be taxed if... The HBP isn’t free money. You can withdraw up to $25,000 tax-free from your RRSP, but you must repay the borrowed amount over a 15year period. If you don’t make your repayments, the government will consider the money taxable income. Repayments begin in the second year after you make your withdrawal. The bottom line The HBP allows you to save for retirement and enjoy the tax benefit of your RRSP contribution, while still saving for your down payment. You can also contribute your income tax refund to your RRSP to grow your home-purchase fund even faster.
Alyssa Furtado is founder and CEO of RateHub.ca, a website that compares mortgage rates, credit cards, deposit rates, and insurance with the goal to empower Canadians to search smarter and save money.
PURE TORONTO. PURE PLAZA.
One of Toronto’s top condominium builders with over 3,200 sales in the last three years.
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EPIC 68 Abell St., Toronto 416.551.9449 Musée 525 Adelaide St. West, Toronto 416.551.9449 NOW UNDER CONSTRUCTION
1 Yorkville 1 Yorkville Ave., Toronto 416.551.9449 50 at Wellesley Station 50 Wellesley St. East, Toronto 416.862.8888 COMING SOON
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Advice | STAT CHAT
Is now a good time to be a condo landlord? By Ben Myers
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THE RENTAL APARTMENT MARKET
in the Toronto Census Metropolitan Area (CMA) remains very strong, according to Canada Mortgage and Housing Corp. (CMHC) data, with the vacancy rate dropping to 1.3 per cent in October 2016 – the lowest annual reading since 2001. The average rental rate increased by 2.6 per cent in 2016, compared to the average rise of three per cent over the past five years. However, the rental apartment stock in Toronto has increased by just 1,455 units since 2012 (from 307,773 to 309,228). With the strength of the rental market, why aren’t there more rental apartments being built? The main reason is that leased condominiums have essentially replaced purposebuilt rental apartment. CMHC data shows that about 64,000 condos were being leased in Toronto in 2012 – a figure that has nearly doubled since (116,685 in October 2016). Private landlords continue to purchase pre-construction condo units to rent out, based on favourable rental market data. The one-per-cent vacancy rate for leased condominium units in 2016 was the lowest since 2009 (per CMHC), and rental rates jumped 8.1 per cent last year, boosted by more renters chasing the same number of new units. Higher resale house price growth has forced more wouldbe buyers into rentals, a scenario acerbated by new mortgage insurance rules that have made it more difficult
for first-time buyers to qualify for a mortgage. The share of condominium apartments that are rented out by their owners has increased from 23 per cent in 2012 to 33 per cent in 2016. Condominium market research firm Urbanation tracks condominiums that are rented through the Toronto Real Estate Board (TREB). In the GTA, just over 10,000 condo units were being leased through TREB’s Multiple Listing Service on an annual basis in 2011. Over the past 12 months (Q2-2016 to Q1-2017), 26,650 condominium apartment units leased through TREB, as the investor market has increased dramatically. Despite this additional supply, rental rates have continued to rise, with the average unit in the GTA rising from $2.24 per sq. ft. at the start of 2012 to $2.75 per sq. ft. in the first quarter of 2017. Rents are up 8.3 per cent annually. As the real estate market has heated up, all levels of government
are being pressured to “cool” the housing market in the GTA. Ontario's new 16-point plan includes new rules for real estate flippers and foreign buyers, and restrictions on assigning pre-construction units. This will likely result in a decline in investor-held units. A further decrease in the supply will most likely result in even higher growth in monthly rental rates. However, you can’t bank on eightper-cent appreciation every year, so make sure you hire a realtor to run the rental numbers for you, before you make that pre-construction condo purchase. Good luck and happy condo hunting! Fortress Real Developments partners with builders across Canada, and Ben assists in evaluating the market and projects that Fortress engages in. Follow his blog posts and commentary on the Canadian Housing Market at www. fortressrealdevelopments.com or follow him on twitter at @BenMyers29
24 YPNEXTHOME.CA
3256
life above it all.
High atop North York’s most impressive elevation sits Emerald CondosCity, froma highly the low sought-after master-planned community, moments from major highways and Don Mills subway station. Luxury labels beckon from Fairview Mall, while colourful public art and landscaped walkways guide you to the new Parkway Forest Community Centre. Modern, sustainable, forward-thinking and connected, The Peak at Emerald City is elevated living at North York’s premier address.
$300’s.
Condos from the $300’s. EMERALDCITYLIFE.CA Rendering is an artist’s impression. Certain design elements are subject to change without notice. The rendering does not accurately represent the location of the Community Centre, which has been re-positioned for enhanced visibility. The Peak is the first of three buildings planned for the block. Views are not guaranteed.
32560 The Peak-Emerald City_AD_CONDO GUIDE_March_2017.indd 1
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APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 25
2017-03-20 4:07 PM
Property Profile | BLOOR PROMENADE
Location
Bloor West, Toronto Builder
Tridel Development
Bloor Promenade Home Type
Condo suites and townhomes Sales Centre
Coming soon to 3326 Bloor St. W., Etobicoke Contact
416.645.8862 tridel.com
BLOOR PROMENADE: COME HOME TO GO ANYWHERE Tridel’s finishing touch to Islington Terrace EASILY ONE OF TORONTO’S MOST FAMOUS STREETS, Bloor is arguably the
street that best connects the city from east to west. Extending from the Don Valley Parkway well into Mississauga, Bloor Street is also serviced by the subway, meaning you can get just about anywhere in a snap. Along this iconic street in the city’s west end, Tridel is launching its newest condominium tower, Bloor Promenade. Following the incredibly successful Islington Terrace and 26 YPNEXTHOME.CA
Bloorvista, Bloor Promenade is the third and final phase of the Islington Terrace community. “Today’s smart condo buyers understand the value of a Tridel home, and the attributes of this amazing community at Bloor and Islington,” says Jim Ritchie, Tridel’s executive vice-president of sales and marketing. “Islington Terrace boasts distinctive architecture, elegant design and efficient layouts; but what really makes it special, is the location and the amazing offerings for its residents through the desirable community amenities and a vibrant neighbourhood at its doorstep.” Using the coy tag-line ‘Live Beyond Bloor,’ Tridel reminds purchasers how good living on Bloor West can be, by reminding them of the wealth of opportunities that surround the master-planned Islington Terrace community.
“But it’s more than just a marketing tag-line,” adds Ritchie. “‘Live Beyond Bloor’ reinforces the unique positioning of the community – that not only is it the place to be, but a place from which residents can get wherever they need to, conveniently.” Just steps from the Islington subway station, taking transit within the GTA is quick and convenient. Whether heading downtown for work or pleasure, or out to Pearson for some time away, everything is within reach. For those staying local, the surrounding Islington City Centre, the Historic Islington Village, the Kingsway and the storefronts of the nearby Queensway offers residents a complete range of amenities that make working and playing close to home easy. And for those who like a little more “play” in their “live, work and play” community, the neighbourhood boasts five world-class golf courses, as well as abundant open green spaces including Thomas Riley Park and the trails of the nearby Mimico Creek. Unwind by spending a day browsing the boutique shops, reading in a café, or indulging at one of the many restaurant options nearby. While the ease of getting away is a key feature of life at Bloor Promenade, for many residents the best part of their day will be coming home to their suite in the soaring 44-storey tower designed by Kirkor Architects and Planners, or one of the four highly sought-after spacious townhomes. Featuring landscape designs by the awardwinning team at Janet Rosenberg & Studio, Bloor Promenade’s suites, common areas and amenity spaces have all been designed by leading Canadian interior design firm, II By IV. Residents will have access to more than 50,000 sq. ft. of spectacular indoor and outdoor amenities at Bloor Promenade including a children’s play room, a state-of-the-art fitness centre with a spin room, yoga studio and basketball court, swimming pool, outdoor sun deck and lounges, barbecues and dining areas, as well as a children’s play area and splash pad, and more. “Whether residents choose to venture out and live beyond Bloor, or stay at home and enjoy all that Bloor Promenade has to offer, this community truly has something for everyone,” Ritchie says. Visit the presentation centre at 3326 Bloor St. W., Etobicoke. For more information on Bloor Promenade, call 416.645.8862, or visit tridel.com. The grand opening of the sales centre on May 13.
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 27
Trending
Fair or foul: Making sense of Ontario’s housing plan By Wayne Karl
IS ONTARIO’S NEW FAIR HOUSING PLAN, comprising 16 measures
designed to stabilize the real estate market while protecting homeowners’ investments, actually fair? Or foul? Or is it a fail, even? Well, that depends on what part of the housing market you’re in. HOMEBUYERS
Homebuyers will like the plan, if it has the desired cooling effect on the market. After two consecutive years of double-digit gains, average house prices in the Toronto region reached $916,567 in March 2017, up 33.2 per cent from a year earlier. Even in, the pause lasts only a few months, as some sources suspect, would-be buyers may catch a break from the norm of the past couple years – prohibitive price growth and, in resale homes, multiple offer situations and bidding wars. HOMEOWNERS
Homeowners will probably be okay with the measures, if they don’t lead to any precipitous drop in prices. Even if price growth – currently at double digits in the GTA – slows to somewhere between five and 10 per cent, as some suggest, those are still handsome gains. Judging from the number of “for sale” signs out there this spring, however, it looks like some owners believe the market may be peaking. SELLERS
Sellers, on the other hand, may not love the plan, as it may reduce buying activity and price growth, even if only in the short term.
OVERALL MARKET
Single-digit price appreciation in a housing market is healthy. What’s been happening in Ontario is unsustainable, and many have been saying it for months. The return of some normalcy to the market would be a good thing. “Given the frothy real estate price growth across the Greater Golden Horseshoe, policy action was needed to reduce the growing risks to the Ontario and national economy,” says Craig Alexander, senior vice-president and chief economist, The Conference Board of Canada. “More sustainable and moderate price growth is in the interests of buyers, sellers, the financial system and the economy. In recent years, the federal government has delivered several rounds of housing policy tightening that impacted real estate markets from coast-to-coast. The next logical step was regional policy actions where the imbalances are greatest. It was time for Ontario to act.” The true impact of these new measures, however, may not be seen for many months, particularly when it comes to rentals. “It is very clear from the announcement that Kathleen Wynne fails to understand the psychology of real estate economics for the typical landlord (real estate investor),” Calum Ross, broker and wealth planner, The Mortgage Management Group, told New Condo Guide. “How the government can issue a statement that in one point states, ‘In March 2017, real estate values are up 33.2 per cent from a year earlier,’ then follows up by suggesting they will increase rent control – and not see the …continued on page 30
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…continued from page 28
coming rental crisis, is laughable. “The provision for allowable rent increase for 2017 is 1.5 per cent under the current Residential Tenancies Act,” says Ross. “It tells me the government basically has no understanding of investor math or long-term economic implications of their policies.” REALTORS
Many realtors believe the plan is mostly positive news. While the foreign investor tax garnered much of the headlines, those buyers’ actual influence in the market is negligible – about five per cent of purchases in the GTA. Therefore, the market will largely continue to work itself out, for primary homebuyers, while speculation activity (those who buy properties, especially multiple properties) with the sole hope of cashing in on the value increase, will cool. “There is limited data on how many foreign speculators are active in the GTA market, but it is fair to assume 30 YPNEXTHOME.CA
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that a foreign speculators tax will impact the middle-class, and not just buyers in the upper-end of the market,” says Christopher Alexander, regional director, ReMax Ontario-Atlantic Canada. “In the short-term, potential sales may fall through as buyers adjust to the changes, which in turn could create a ripple effect throughout the market.” BUILDERS
Before the release of the plan, builders generally were leery of any type of knee-jerk reaction from the province, especially in terms of new taxes and their unintended consequences. Their primary concern, however, remains supply. “As the industry that builds 95 per cent of new housing in Ontario, we are pleased that the government has accepted our recommendations to create a housing advisory group and Housing Supply Team to resolve land-use approvals issues and red tape, which prevent housing from coming onto the market for new home buyers,” says Joe Vaccaro, CEO of the Ontario Home Builders’ Association. “We look forward to working with our provincial and municipal partners and continue to promote solutions, such as pre-zoning, fast-tracking approvals, and fixing the EA process, in order to bring more housing supply and housing choice to consumers.”
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APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 31
Advice | MONEY MATTERS
Owning versus renting By Gail Vaz-Oxlade
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THE HOUSING MARKET has gone wild with people panting for good investments opportunities. Slow down and consider all the angles before you dive into home ownership.
There’s something about money Did you see that? The issue has shifted from “shelter” to “profit.” That’s because people believe that a home is a good investment. While money is a key consideration, it shouldn’t be the only consideration. If you’re going to make the move from renting to buying, look at the dollars and cents. First there’s the straight calculation that compares the cost of carrying your own home (your principal and interest payments and property taxes) with the cost of renting one. Renters aren’t responsible for maintenance. Homebuyers also need to consider closing costs which include legal fees, land transfer tax, and other miscellaneous expenses that you avoid by renting. First and last months’ rent is also a ways smaller than the typical down payment on a home. Of course, when you own, no matter how small the principal portion of your mortgage is (and it’s minuscule in the early years), as long as the market is stable, and you’re not looking to make a quick sale, homeowners are building equity and increasing their net worth with every mortgage payment. And when you sell your principal residence one day, the money earned is tax free. 32 YPNEXTHOME.CA
While money is a key consideration, it shouldn’t be the only consideration. If you’re going to make the move from renting to buying, look at the dollars and cents. It’s a wonderful life When I was in my 20s, I lived in a neighbourhood that was suited to a single girl hell bent on a good time. Back then, renting was the perfect solution: one of limited responsibilities and commitment. Renting is virtually a worry-free existence — assuming you have a decent landlord. Homeownership is a responsibility that also brings a ton of warm, fuzzy feelings. It means you can put down roots. You have complete control of your environment so, yes, you can paint your living room red. Location, location Buying a home in a neighbourhood you don’t know well is one a common mistake. If you’re new in town, consider renting for six months or a year to get a feel for the area. If you like living there, you’ll feel more comfortable buying a home.
Steady as she goes Your employment prospects should be stable before you consider buying a home. Homeownership requires a number of regular payments — mortgage, property taxes, utilities, maintenance and insurance. Missing any of these payments can trigger dire consequences. There are a number of financial factors to consider when it comes to buying versus renting. But the decision involves much more than just running the numbers. You’ve also got to look at the emotional rewards and challenges of each alternative. I’ve been a renter and I’ve been an homeowner, and overall I like ownership more.
Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/ GailVazOxlade.
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 33
Trending
Tarion names winners of 2017 Homeowners’ Choice Awards By Wayne Karl
Pictured: The Daniels Corporation, Toronto, winner in the Highrise Category
TARION WARRANTY CORP. has named the winners
of the 2017 Homeowners’ Choice Awards – the only awards that give Ontario’s new-home owners the power to have their builder recognized for outstanding performance. More than 52,500 new-home buyers rated their builders, asking them about their performance before, during and after they moved into their new home. More than 8,500 homeowners weighed in with their opinions and chose recipients for outstanding customer service in four categories: Small, Medium, Large Volume and HighRise. This year, Tarion went one step further in recognizing builder excellence, by introducing a new award – the Ernest Assaly Award – conferred to the builder who demonstrates a commitment to building quality and innovation, customer service and community involvement. The award is in honour of Ernest Assaly, Tarion’s first Chair. While the Homeowners’ Choice Awards are determined by new-home owners, the Ernest Assaly Award winner is determined by Tarion’s board of directors. 34 YPNEXTHOME.CA
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THE WINNERS OF THIS YEAR’S HOMEOWNER’S CHOICE AWARDS ARE: SMALL VOLUME CATEGORY (5-20 possessions per year): Davenport Homes, Peterborough MEDIUM VOLUME CATEGORY (21-100 possessions per year): Talos Custom Homes Ltd., Richmond LARGE VOLUME CATEGORY (More than 100 possessions per year): Arista Homes Ltd., Vaughan HIGHRISE CATEGORY (More than 100 high-rise possessions per year): The Daniels Corporation, Toronto ERNEST ASSALY AWARD: Lockwood Brothers Construction, Oxford Station.
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 35
Builder Profile | LINDVEST
10 minutes with…
Michoel Klugmann of Lindvest
MICHOEL KLUGMANN, vice-president of Lindvest,
chats about Toronto’s past, its present, and the future of housing. How does your present career connect with your longstanding interest in history and social studies? Michoel Klugmann: I recently read in a book by Scott Kennedy, Don Mills: From Forests and Farms to Forces of Change (2017) about the original owners of the farmland 36 YPNEXTHOME.CA
in the Don Mills and Eglinton neighbourhood, where Lindvest will soon break ground on our highrise Sonic condominiums project. It was fascinating to learn of the former slave Francis Johnston who arrived via the Underground Railroad in the 1840s, and became an early pioneer to farm this land. You can feel history evolving to meet the dreams and the needs of people, from farm land, to an office building, and now to a community of hundreds of families.
Do you see similarities in the GTA to what’s happening in other major cities worldwide , in terms of enormous change to the fabric of this metropolis? MK: Yes, times are changing and societies are adapting rapidly, with high-density urban centres leading the way. Major innovations in transportation, housing, communication, retail and work have become readily accepted as our way of life. Toronto is friendly to immigrants who are attracted by the sense of safety and the welcoming attitude of those that live here. New Torontonians help introduce foods, fashions, flavours and ideas that quickly get adapted into the host culture. A few years ago, Lindvest rebranded with the goal of a fresh outlook on the housing you build. What are the outcomes so far? MK: We value our relationship with the industry, which spans six decades. Yet, we decided to review every part of our business. We enjoy the fresh perspective this cultivated, and we use it to deliver great housing in the format that fits contemporary lifestyles. We continue to be a leader in residential communities across the GTA, with specific emphasis on built forms, locations and amenities that serve today’s homeowner. These are seeing great increases in value. In lowrise, we were one of the first to introduce various
PICTURED FROM LEFT: Michoel Klugmann, vice-president of Lindvest; SuperSonic at Don Mills and Eglinton; Lindvest’s award-winning B.streets condominium
types of stacked townhomes that are now catching on everywhere. In midrise, we built the acclaimed B.streets condominium that received two Project of the Year awards, and an Award of Merit at Toronto Urban Design Awards. Our Sonic project, a highly successful highrise community at Don Mills and Eglinton, is attracting buyers to an established neighbourhood that is undergoing a revitalization with the introduction of mass transit, new retail and cultural centres. It is gratifying to see that others are now following our lead. Can you provide a specific example of an innovation that’s a result of Lindvest’s rebrand? MK: At Sonic condominiums, we are creating a public walkway to provide better access to the new Metrolinx Science Centre Station for use by everyone in the neighbourhood. We are also building a large landscaped outdoor amenity area, complete with a figure-eight shaped walking path, outdoor exercise equipment, a children’s playground and seating alcoves. We hope to inspire other projects in the city to include this type of active amenity. APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 37
Trending
Survey says more Canadians are buying homes solo SINGLE AND READY TO MINGLE
on the home-buying scene? You’re not alone. Singles represent a quarter of Canadians buying or intending to buy a home, according to a new TD survey. The trend is largely driven by unexpected life circumstances, with Canadian homebuyers who are divorced (69 per cent) or widowed (35 per cent) saying they are more likely to buy on their own, along with a growing number of single Canadians who say they’ll go it alone (67 per cent). “Buying a home can be daunting for people who want to buy solo – but it doesn’t have to be,” says Marc Kulak, associate vice-president of Real Estate Secured Lending at TD Canada Trust. “Whether you find yourself in a solo buying situation unexpectedly or by choice, there are ways to make it happen. Seeking advice from a mortgage specialist and having a solid plan – including understanding how you’ll afford your home over the long-term – is the best approach to feeling confident as you shop for a home, mortgage, insurance and that new sofa.” Of the one in four Canadians who intend to buy independently, 86 per cent say they are confident in their ability to comfortably afford maintenance and ongoing costs of home ownership. And this shouldn’t come as a surprise given that Canadians planning to go in alone are already thinking through the associated costs – seven in 10 single Canadians say they have thought about property taxes (76 per cent), home insurance (72 per cent) and maintenance (70 per cent) before purchasing their home, while two-thirds (67 per cent) considered utilities. Only nine per cent did not think about any of the costs associated with of home ownership 38 YPNEXTHOME.CA
before starting the purchasing process. To help make solo home ownership a reality, TD offers some creative ways to help a single buyer successfully make one of the biggest purchases of their lives. Buying solo doesn’t mean living solo: Just over one-quarter (27 per cent) of single Canadians who have or intend to purchase a home alone say they did or would consider having a tenant to make solo home ownership more affordable, while just under one-quarter (23 per cent) said they did or would consider a roommate. Rental income can help pay down the mortgage principal faster. Be sure to qualify for your mortgage without rental income so you have flexibility if you decide a roomie or tenant is not for you. Think beyond the picket fence: Remember, it’s not just a mortgage payment you have to manage – other costs including property taxes, insurance, and ongoing maintenance will add up. Your mortgage payments should be low enough so you can take care of all your monthly expenses, meet your savings goals and still have some wiggle room. It’s also important to have a contingency budget or slush funds set aside, to cover off emergencies and household maintenance. Protect your investment: As a new homeowner or landlord, it’s important to protect your newest and biggest investment. Be sure to research what type of insurance coverage will best fit your needs and give you peace of mind. For instance, fire replacement coverage is something people typically think about, but, depending on where you live, you might also
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consider sewer back-up and ice damming coverage. Even brand-new neighbourhoods can have issues with water backing up into basements, if grading and drainage are not well managed. And finally, remember to tell your insurer if you decide to rent out part of your home, make any renovations, or other changes as this will affect your coverage. Enlist a home-buying buddy: If you’re buying a home on your own, have a support system in place, like a trusted friend or family member. Having support will help you stick to your home-buying plan and can provide an objective voice as you visit properties, negotiate and close on a property, and set up your new home.
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APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 39
Purchaser Profile | SCOOP CONDOS
One couple’s feel-good home-hunting guide TWO YEARS AGO, JIM AND DOMENIC
decided to downsize their beautiful house in the east end of Toronto to find their perfect pied-a-terre condo apartment. On their check list was accessibility to the airport, a vibrant neighbourhood, space to entertain and outside area for gardening. It also had to be affordable. Also important was having a beautiful view across Toronto. With active lives and properties in Florida and Italy, they had high 40 YPNEXTHOME.CA
expectations about what their dream condo would look like. The couple looked everywhere, from one end of the city to the other, before settling on a sixth-floor apartment at Scoop condos in Toronto’s up-and-coming West St. Clair West neighbourhood. “We feel like this neighbourhood is the last frontier of Toronto. From the sixth floor, you get the whole view of the city right across the horizon, and it overlooks a park full of mature trees. It’s an established neighbourhood with a real community feel.”
Domenic grew up in the neighbourhood, so the couple was familiar with the area and its potential. “The energy in the West St. Clair West area is enormous. There is a lot of development going on and the turn-around is exciting. Before we made the purchase, we Googled a lot of articles about Scoop, we spent time walking the streets and overall there seemed to be a really positive response from the neighbourhood. Lots of people are
PHOTO CREDIT: GEOFF FITZGERALD
Scooping up a penthouse on Toronto’s “last frontier” of affordable housing
PHOTO CREDIT: GEOFF FITZGERALD
excited that it is coming as it’s going to be the springboard to get the neighbourhood booming.” For this pair of avid travellers, Scoop’s proximity to the TTC and airport links were extremely appealing, but they also wanted an investment that would function as a beautiful place to host parties and entertain. Their sixth-floor apartment at Scoop gives them city-wide views and offers a huge wrap-around terrace space, at an affordable price point.
“The building is so lovely – it checked off all our boxes. The terrace – the outside space which downtown would cost over a million – we would never have found anything comparable. “We picked the two-bedroom, two-bathroom penthouse wraparound terrace but the gas cooker and barbecue were amazing extras. Dom is quite the cook and we love entertaining,” Jim says. Domenic’s mother, a West St. Clair West local, recently bought an
apartment too, solidifying the family connection to the neighbourhood. As Dom says, “Scoop was a little blessing in the middle of this crazy market.” Scoop is located at 1771 St. Clair W., with prices from the mid$300,000s, offering one- and twobedroom layouts ranging from 550 to 1,200 sq. ft. The sales centre is located at 1791 St. Clair W. To register, please visit scoopcondos.com APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 41
Inspiration
Small-space survival guide By Lydia McNutt
IT’S TRUE WHAT THEY SAY, good things really do come in small packages. Here’s another adage condo dwellers should pay attention to: it’s not the size that matters, but how you use it. To make the most of your small space, all you need is a tape measure, an open mind, and these five small-space survival tips:
1. First impressions count When you walk into your condo, what’s the first thing you see? Is it pleasing? Inviting? Does it reflect what you want your home to say about you? You only have one chance to make a first impression, so make it count! 2. Pleasing proportions For furniture to serve the double duty of fashion and function – a smallspace essential – it must be well proportioned to the space. Rule of thumb: The smaller the room, the smaller the furnishings. This also applies to artwork and accessories. 3. Leave the traffic jam for the road Especially in a compact condo, but applicable to any-sized space, it’s important to keep high-traffic areas clear of furniture, for functional reasons as well as aesthetic ones. Tip: Ensure you can open doors without bumping into anything. 4. Focus! Plan your room around one main focal point. Emphasize your favourite feature by arranging your furniture to complement and highlight it. It could be a great view, a cosy fireplace or a great piece of art. 5. Measure twice, buy once Last but not least, here’s one more saying that’s worth repeating: measure twice, cut once. Before buying any piece of furniture, make sure the door opening will accommodate its size. Don’t forget to take your tape measure into the elevator, stairwell and corridors too.
Lydia McNutt is an award-winning writer and editor. Lydia’s love of architecture, interior design and the written word have landed her happily at YP NextHome, where real estate rules. Follow her on Twitter @LydiasTweets.
42 YPNEXTHOME.CA
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Trending
What renters want, versus what really pays off By Lydia McNutt
SUPPLY AND DEMAND, economic conditions
and population growth will all impact your investment condo’s rental potential. Unfortunately, these factors are not within your control. What you can control, when it comes to the housing market, is whether you buy here and now, or wait for more suitable conditions. Purchasing your investment condo at the right time and in the right place, then selling when values hit a high point, is just part of the story. Between the “buy” and the “sell,” there’s money to be made. While you let time work its magic and watch your property appreciate in value (as it historically has done) you can rent your condo and earn while you wait. It sounds easy enough – if you can give renters what they want. YP NextHome conducted The Great Canadian Real Estate Survey to find out what people are looking for in a new condo. Then we asked some condo experts and investors where these “most rentable” items fall on their scale of importance. As it turns out, what’s good for the goose is good for the gander – most of the time. 44 YPNEXTHOME.CA
Location trumps all else
EXPERTS AGREE: Transit-oriented locations lead straight to the bank. Location, location, location has always been the mantra of great real estate, and now is no different, whether you’re a condo renter, owner or investor. The condo experts agree: this is one “rentable” factor that definitely pays off. “The golden rule for investors is to select a condo close to
The Great Canadian Real Estate Survey says... Rentability factor: #1 Location That’s right folks, 57 per cent of respondents said location tops their list of importance, with 42 per cent preferring a downtown location, and 36 per cent wanting proximity to transit. Profit factor: Condo investors and experts agree: location trumps all else when it comes to both rentability and resale value alike. Double win!
public transit,” says condo pro Barbara Lawlor, president and CEO of Baker Real Estate. In addition to freedom from traffic jams, Lawlor says being car-free is a double win in this pricey housing market. “With Toronto housing prices the way they are today, many buyers and renters do not own cars, which helps with home affordability.” It’s the same story in Vancouver – which happens to be Canada’s priciest housing market. Opting for public transit over vehicle ownership leaves more money in the bank for a down payment on a home. But money aside, the appeal is very much about the lifestyle. “We are seeing a trend toward transit-oriented communities for accessibility and convenience, such as Cambie Corridor, Burquitlam, Brentwood and Metrotown,” says Cameron McNeill, co-president of MLA Canada, a leader in residential real estate services with the largest in-house analytics and advisory group in Western Canada. “There has been a shift to one-car families or individuals preferring not to own a vehicle, and these groups want to be within proximity to both transit and car-share programs.”
Size matters Whomever said size doesn’t matter, was wrong. Yes, small suites are more affordable up-front, but think beyond that initial cost and consider a long-term investment in livability.
EXPERTS AGREE: Bigger is better – and more easily rentable. Why? Compact suites are a red flag to renters, who equate their small size with lifestyle compromises. “Size is important,” says Cole Romaniuk, a condo investor, real estate broker and condo property manager at Calgary-based Karen King & Associates Inc. “I find that two-bedrooms rent significantly faster than one-bedrooms. It’s a critical threshold of livability – that
Here’s what rented across Canada, and for how much:
VANCOUVER Vacancy rate 0.7% Bachelor: –– 1-bedroom: $1,353 2-bedroom: $1,822 3-bedroom+: $2,495
EDMONTON Vacancy rate 7.1% Bachelor: $797 1-bedroom: $1,127 2-bedroom: $1,377 3-bedroom+: $1,465
TORONTO Vacancy rate 1.3% Bachelor: $1,428 1-bedroom: $1,646 2-bedroom: $2,022 3-bedroom+: $2,487
MONTREAL Vacancy rate 3.5% – Bachelor: $1,121 1-bedroom: $944 2-bedroom: $1,158 3-bedroom+: $1,366
CALGARY Vacancy rate 7.0% Bachelor: –– 1-bedroom: $1,320 2-bedroom: $1.564 3-bedroom+: $1,757
(Source: Canada Mortgage and Housing Corp. Rental Market report, Nov. 2016.)
The Great Canadian Real Estate Survey says... Rentability factor: #2 Suite size Twenty-four per cent of respondents said size matters in the case of condos, with 38 per cent seeking a twobedroom suite, 30 per cent preferring a one-bedroom-plus-den plan, and 20 per cent opting for a three-bedroom unit.
Profit factor: Renters and investors are on the same page here. Investors confirm, the greatest demand – and rental value – is for two-bedroom suites in the 600- to 700-sq.-ft. range. Why? Room for family, friends and added functionality of the unit.
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 45
Some stiff competition: 700-sq.-ft. sweet spot where a lot of condo investors sit. As soon as you go below that threshold, renters see it as having to make sacrifices on their lifestyle.” A demographic shift in the renter is increasing demand for larger suites. It’s not just the young and the restless who are looking to rent. Families are opting to rent in Canada’s hottest markets, in direct response to unaffordable housing prices. Renting is also gaining popularity as a lifestyle choice among the more-mature market segment. “The willingness of downsizers to rent has been an interesting development,” says Shaun Hildebrand, senior vice-president of Toronto condo market research firm Urbanation. “Demographic trends suggest this will be a key area of growth going forward.”
“The first thing investors should look out for, is the potential for supply competition,” says Hildebrand. “Investors should always be cognizant of the concentration of rentals in the area or building they are considering. If a location has a high degree of rental turnover, the constant presence of available supply will weigh on rent levels and growth rates. As well, if a building is heavily rented, it tends to experience more wear and tear, and is generally not as attractive to end-users, limiting its potential for price appreciation.” Hildebrand says future condo supply is also something to be mindful of when looking for a profitable investment condo. In Toronto, he says “there are still a lot of condos under construction that will be finishing up in the next few years, many of which have been heavily investor purchased as pre-sales. That’s not to say this will cause an oversupply, but it could limit returns for certain areas.”
Amenities? Thanks... but no thanks EXPERTS AGREE: This one’s a dud. You might think a condo with a swimming pool or lounge might appeal to renters, but walk into one and, in most cases, you’ll rarely find it in use. According to our experts, amenities like this don’t appeal to investors either. Building amenities don’t yield much of a return in rental income, according to popular expert opinion – especially a pool. “In this day and age, it’s not a desired amenity,” says Romaniuk. “New condo builders aren’t including pools, and a lot of the buildings that do have them are aging, which can be a significant cash crunch for investors when it comes to condo fees. “The average cost to operate a pool year-round is between $30,000 and $50,000. When you think about
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The Great Canadian Real Estate Survey says... Rentability factor: #3 Amenities When it comes to the little “extras,” parking tops the list of importance, with 43 per cent of survey respondents naming it as the most important amenity, followed by adjacent retail/commercial space, at 28 per cent, and a fitness centre at 19 per cent. Profit factor: Condo investment experts agree: amenities don’t matter – given that parking isn’t technically a condo amenity. In fact, pools, hot tubs and saunas are underused, costly to maintain, and a significant cash crunch for condo investors.
that on a price-per-unit basis, it’s a lot of money just to maintain a pool that doesn’t get used very well.” Romaniuk admits he steers investors clean of pools. ”The investor won’t get a return, but it’s something they pay for in their condo fees.” So now that we’ve established what costs, let’s find out what amenities actually pay off. According to The Great Canadian Real Estate Survey, the most desirable amenity among end-users, isn’t technically an “amenity.” It’s a parking spot.
Hit the brakes... huh? “Parking will absolutely increase the rent, especially downtown in a major city,” Romaniuk confirms. “Two parking stalls is an automatic rent booster,” he says, setting your unit apart from your two-bedroom competitors with only single-vehicle parking to offer. The survey named the second most-popular amenity as “adjacent retail.”
Rentus MAXIMU$: 6 ways to boost your condo’s rental potential and price
$
1. PETS: The cheapest rent-booster of them all, this one’s a no-brainer, and Romaniuk’s favourite. We love our furry friends, and renters with pets will pay a premium to bring them along. Romaniuk has seen this perk earn as much as $50 extra per pet per month, in a hot market. Just make sure the condo board allows pets in the building.
2. WINDOW COVERINGS: This overlooked and underestimated “extra” is a big selling point. Privacy is vital, especially in dense downtown areas, and a renter may not be willing to invest in custom window coverings on windows they don’t actually own – particularly with the fully glazed condos that are trending these days.
$$$
3. TECHNOLOGY: Home automation is a wonderful thing. Automated thermostats, lighting, surveillance and locks, and entertainment hubs are just plain cool. If you’re facing some stiff competition, tech lovers will be eating out of your hand.
4. IN-SUITE LAUNDRY: The convenience of being able to do the wash in the comfort of home, without lugging laundry and a pocketful of change – priceless.
5. PARKING: If you have the option of purchasing an extra parking spot, and you can afford to, do it. What does it actually cost? Markets vary, but Lawlor says in downtown Toronto, it could be upwards of $60,000.
6. LOCATION: This is the most expensive rentbooster, and with good reason. According to Cutting Edge Research Inc., a Vancouver-based real estate consultancy, properties located within 500 metres of stations on transit line can yield returns that are 10 to 20 per cent higher.
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 47
Advice | FUNDAMENTALLY SPEAKING
What’s in a new-home warranty? By Wayne Karl
MORE ADVICE ONLINE ypnexthome.ca/news/advice
WHAT’S IN YOUR new-home warranty? Ideally, that’s a question you’ll never have to answer for real – at least not the hard way, be it filing a complaint or, worse, proceeding to a claim settlement. But, life is sometimes not fair, and despite the best intentions of home builders, things do go wrong. To put it nicely – stuff happens. Indeed, according to Tarion Warranty Corp., nearly every new home built has some form of defect. Such is life when you’re building outside, dealing with the elements and working with natural materials. In most cases, issues get resolved, and builders large and small are getting better at responding to customer concerns. Still, there are unscrupulous – or worse, illegal – builders who try to circumvent everything from relatively minor registration fees to taxes, all under the guise of “saving you money.” But when there’s a problem or issue that needs to be resolved, good luck. That’s why it’s important to ensure your new-home builder is registered with Tarion – to provide the peace of mind that Tarion is backing the warranty, as well as to learn what parts of your new home are covered, for how long, and what the steps and procedures are. Because stuff does, indeed, happen. Typical examples include the following, a Top 10 list of first-year claims:
» Paint: inadequate application or coverage
» Doors: improperly installed or finished » Floors: Damaged, cracked or installed with gaps » Drywall: Blemishes on walls, ceilings or corners » Stairs/steps: Inadequately built » Water/moisture: Moisture inside the home » Concrete: Cracking » Baseboards: Improperly installed » Trims: Improperly installed or finished » Cabinets/vanities: Improperly installed or finished You can understand how prevalent such “defects” would be in new homes, and how action is required in many cases. Nine times out of 10, for homes backed by Tarion, they’re resolved without issue. More drastic is another example involving 23 homes by one builder in one development in Ontario, also, thankfully, backed by Tarion: » After the homes were built, the water table shifted, causing differential soil settlements » The problems arose three to five years after construction » 23 homes were monitored and repaired over a period of five years » 10 homes required major repairs – causing the homeowners to be relocated to hotels for an average of 38 days
The cost to Tarion to rectify the matter? More than $5 million. The cost to homeowners? Nothing. The benefit of having the peace of mind of a Tarion-backed warranty? Priceless. Do you think that would happen if your home was built by an unregistered or illegal developer? More and more builders, Tarion says, are improving their customer service. And it’s not just the large companies. “The advantage of using a small builder might be that you often get to know the principal,” says Tarion president Howard Bogach. “But large builders are closing the gap. “The large builders that do well are the ones that behave like small builders.” And with real estate and new home prices rising, homebuyers, understandably, expect more. So, what’s in a new-home warranty? In short, your builder is not just building your home, it’s building a relationship.
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 at twitter.com/WayneKarl.
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APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 49
2017-04-05 10:38 AM
Property Profile | ARCH LOFTS
Greener on this side of the Junction: Arch Lofts integrates sustainability into design NESTLED IN THE RESIDENTIAL
Junction Triangle neighbourhood, award-winning Windmill Developments is converting a century-old church into Arch Lofts. Slated to launch this May, the project elegantly blends the architectural heritage of the original church building with modernized interiors that prioritize a healthy living environment. Windmill Developments, acknowledged as a leader in sustainable development and design, is often referred to as Canada’s Greenest developer for design-forward projects. Arch Lofts is no exception. “The Greenest building is one that is already there,” says Alex Speigel, partner at Windmill Developments. “With Arch Lofts, we are preserving the embodied energy of the original 50 YPNEXTHOME.CA
structure and are finding more ways to reduce and reuse materials – to not just make it a sustainabilityfocused project, but a healthier environment for residents as well.” Windmill thoughtfully restored the church building, going so far as to find new homes for everything from the church pews to the organ. A new geothermal system will heat and cool the building with near-zero emissions. And to keep the air fresh indoors, energy recovery ventilators draw air from outside into each suite rather than ducting air through the building’s corridors, as is typically done. Careful placement of energyefficient windows ensure maximum daylight without significant heat gain or loss. The elegant masonry church was originally built in 1913 by renowned
Toronto architect George Miller, who also had a hand in designing several Toronto landmarks, such as Massey Hall, the Gladstone Hotel and Havergal College. Arch Lofts retains the strong façade of the original building and the elegant bell tower overlooking the tree-lined Perth and Wallace streets. Designed by Caricari Lee Architects, Arch Lofts will also include a newly built Vestry, which gently extends the building to complete the 39-suite project. The four-storey building will also include a small fitness centre/ multipurpose room, underground parking and bike storage. Stepping inside, Andrea Kantleberg seamlessly applies an updated contemporary aesthetic that upholds the Green ethos of the project. Each suite feels spacious with nine-ft.
Location
Junction, Toronto Builder
Windmill Developments Development
Arch Lofts Home Type
Condo suites Sales Centre
Coming soon Contact
archlofts.com
ceilings and open floor plans that help natural light flood into the space. Smooth Ceasarstone countertops flank the stainless-steel appliances and the gas cooktop in the kitchen – the clean lines from the custom Scavolini cabinetry giving gourmet chefs a clean canvas to cook and create. Carefully selecting lowVOC finishes and energy-efficient appliances ensures every suite upholds the sustainability goals of the project while creating a healthier environment for residents. “It’s more than just Green features – we’re ultimately stabilizing energy costs for the future residents of Arch Lofts,” says Speigel. “Everything about this project is well considered to reduce energy consumption, from heating and cooling to everyday appliances.” Arch Lofts blends seamlessly into
the neighbourhood, the building itself being a landmark in the Junction Triangle community for over a hundred years. Within a few minutes’ walk, independent shops, restaurants and quaint artisanal markets flourish. The Dundas West TTC station and UP Express make travelling downtown or to the airport simple and convenient. Cyclists can also take advantage of the West Toronto Rail Path, which has plans to extend down towards Liberty Village and Fort York. Arch Lofts suites range from 550 to 1,800 sq. ft. with prices starting from the high $300,000s. Construction is well underway with occupancy slated for summer and fall 2017. Register now at archlofts.com to be invited to the grand opening of the sales centre on May 13, 2017. APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 51
Sierra
O MEET OUR HER
“From interacting with the volunteers to the uppermost staff at SickKids, our experience has been positive. That has been a tremendous help as a parent.” – Nicola Put a camera in front of eight-year-old Sierra and she will turn on the charm. This charismatic little girl is as playful and active as any other child her age. You’d be surprised to know she’s a current patient at The Hospital for Sick Children (SickKids). Sierra’s illness was detected early at only two days old when she was brought to SickKids to investigate an irregular connection in the bowel. She was sent home, one month later her parents returned to SickKids Emergency with their infant jaundiced and not digesting food properly. Although she was being fed a lot, Sierra had lost weight since being born. It didn’t take long for doctors to determine the cause of Sierra’s deterioration and she was diagnosed with Cystic Fibrosis (CF). CF is a genetic disease that mainly affects the lungs and digestive system. Fortunately for Sierra, it has predominantly affected the digestive system, which is easier
52 YPNEXTHOME.CA
to manage than the lungs. Since her diagnosis, she has taken enzymes at mealtimes to help with digestion and undergoes daily physiotherapy to prevent her lungs from building up with mucus. Since Sierra is very active, her parents have become creative with her physio by incorporating it into her daily activities. For example, 10 minutes bouncing on the trampoline might be followed by five minutes of breathing exercises. This doesn’t hold Sierra back from being active. She does gymnastics, swimming, soccer, art classes and made it to ‘divisionals’ for cross country. Her mom says she can’t sit still. Sierra’s condition has also encouraged her parents and family members to become involved in fundraising activities to support CF research and SickKids. As she grows older, Sierra is becoming more actively involved in her own treatment. Her parents feel lucky to have SickKids in their lives to guide them through their ups and downs.
Why SickKids?
1
SickKids is on the frontlines in the battle against Cystic Fibrosis. Since our researchers discovered the gene responsible in 1989, life expectancy for CF patients has doubled. We may have dealt a serious blow, but we won’t stop fighting until CF lives on only in history books.
2
SickKids pioneers new possibilities for treatments and cures. 2,000 research staff make advances every day that bring new hope to children and theirfamilies.
3
SickKids is Canada’s leading centre dedicated to improving children’s health and home to Canada’s largest, hospital-based child health research institute.
Builders Helping to Heal
Yellow Pages NextHome, the publisher of New Home Guide, New Home & Condo Guide and New Condo Guide, is teaming up with builders and their suppliers to help raise money for SickKids. The following companies have contributed generously to help give children the world-class care they deserve. These pages honour these special people, and we thank them for their generous support. Builders Helping to Heal and Friends of the Industry are Yellow Pages NextHome initiatives stemming from SickKids
Leaders, a program at SickKids which draws on the support of more than 150 volunteers over 30 industry sectors. Again, we thank our generous sponsors and appreciate their ongoing commitment. These companies not only build housing, but they support the families in the communities in which they build. Readers looking to support SickKids can go to www.sickkidsleaders.com
PLATINUM SPONSORS
spallaccihomes.com
GOLD SPONSORS
bazis.ca
mattamyhomes.com
madisongroup.ca
SILVER SPONSORS
starlanehomes.com
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 53
Advice | LEGALLY SPEAKING
5 ways to invest in real estate in Canada By Jayson Schwarz
MORE ADVICE ONLINE ypnexthome.ca/news/advice
IF YOU ARE contemplating buying
real estate anywhere in Canada, there are a number of considerations to be entertained as to how you will own that real estate. Will you own it personally, in a partnership or a corporation? What are some of the different methods of holding property?
1.
Personally. In this scenario, title is placed in your name. This means that any financing is your direct liability, as well as any other things that could possibly go wrong. The positive side of this is that all profits accrue to you personally, and you have the advantage of all of the appropriate tax offsets (depreciation, expenses and interest). This is most often used in the purchase of a single residential property for investment purposes.
2.
Partnership: If there is more than one person making a real estate investment, the liability and tax considerations are virtually the same as investing personally. The various partners will hold title in their names. The consideration here is whether the title is held as tenants in common or joint tenants. The easiest explanation is this: joint tenants each own 100 per 54 YPNEXTHOME.CA
cent of the property together, and if one dies the other owns the whole thing without tax impact; tenants in common own their proportionate share and on death, the portion owned devolves to the deceased’s estate. Usually, families or spouses own as joint tenants. If this is an arm’s length business transaction, ensure you have a partnership agreement signed before closing to avoid issues later. This could be utilized by three or four friends buying a condominium investment.
3.
Limited Partnership (LP): This is an entity created by statute in certain provinces, kind of like a corporation and a partnership combined. In an LP, the limited partners are liable only to
the extent of the amount of money that the limited partner has invested, and a LP must have at least one general partner and at least one limited partner. The general partner is usually a corporation that assumes unlimited liability for the venture. In an LP, the LP agreement can deal with profit and tax benefit distribution in a quite effective manner. LPs are primarily used for commercial ventures.
4.
Joint Venture (JV): A JV is essentially a business arrangement wherein the parties each contribute money, property, skill, efforts, knowledge or other assets to a common undertaking. Usually the JV agreement specifically sets forth the relationship, obligations and rewards
and is quite often seen in large residential developments between owners, developers and contractors.
5.
Corporation: Probably the most common method of holding real estate, both residential and commercial, is to establish a corporation to hold the property. In this case, the shareholders are afforded 100-per-cent exemption from liability unless they guarantee personally on behalf of the corporation (which defeats the purpose of using a corporation). The corporation can enter into any of the foregoing entities. One thing to remember is that passive corporate income is taxed at a virtual flat 50 per cent. Corporations are the most used method of ownership for any kind of real estate nationwide. There is flexibility with the corporation through the use of shareholders agreements to establish relationships between numerous individuals and other entities with the corporation itself.
These are a few ways of holding real estate in Canada and apply through almost all provinces, but with some regional differences. For example, Nova Scotia has some different corporate forms from other provinces. At the same time, we examine the different vehicles used to hold real estate. We need to consider the tax implications and where you and the property reside. In other words, are you a resident where the real estate sits, and what does that mean? S116 of the Income Tax Act of Canada states that where a nonresident person disposes of property in Canada, the seller must obtain a certificate from the minister, and if
there is no certificate and the deal closes, and the buyer does not remit the holdback or receive a certificate, the buyer becomes responsible for the tax. This means that there is no impediment to buying property in Canada (except some local variations such as PEI) to a non-resident. However, there are significant tax implications on selling, and you should speak to a tax professional to ensure that you are protecting yourself the best you can. I recommend you speak to a real estate lawyer or chartered accountant
with real estate experience to ensure you follow the best method for your purchase. As types of real estate vary, so do the people who purchase, and each should ensure their venture is tailored for them.
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. APR 29 - MAY 13, 2017  |  NEW CONDO GUIDE  55
Trending
SmartREIT, Mitchell Goldhar and CentreCourt Developments launch Transit City CENTRECOURT DEVELOPMENTS, in partnership with Smart Real Estate Investment Trust (SmartREIT) and Mitchell Goldhar, have released details for the development of Transit City. The 55-storey tower will be the tallest development in York Region, located steps from the TTC’s new Vaughan Metropolitan Centre (VMC) subway station. “We are very excited about the upcoming sales launch of Transit City,” says CentreCourt CEO Andrew Hoffman. “We are thrilled to be partnering with Mitchell Goldhar and SmartREIT on the first residential phase of one of the largest development projects in Canada. On a prime site right next to the new subway station, Transit City’s location will be unparalleled.” Given the site’s location and the nexus of transit infrastructure at its doorstep including subway, regional transit and major highways, Transit City will offer residents efficient commute times to all parts of the GTA including downtown Toronto. The tower’s elegant form and height will prove iconic, and its best-in-class transit connectivity, world-class urban landscape design features and amenities, including a five-star Buca experience in the lobby and access to a YMCA facility, will make Transit City among the most highly anticipated residential developments of the year. Featuring distinctive architecture by Diamond Schmitt Architects Inc., contemporary interiors by award-winning Figure3, and landscape plans by internationally renowned landscape architect Claude Cormier, Transit City will be highlighted by a luxurious boutique hotel-inspired lobby which will include a new Buca-branded restaurant and Bar Buca set within a glass “jewel box” at-grade. Transit City is the first condominium building to be proposed within the 100-acre SmartCentres Place, which will include 17 million sq. ft. of residential, office and retail space upon completion, as well as a nine-acre park designed by Claude Cormier & Associes. “The VMC is where you can see policy, politics and business in complete sync,” says Mitchell Goldhar, chairman of the board of SmartREIT. “For SmartREIT and myself, Transit City is the inaugural residential development that we expect will be the first of many at SmartCentres Place and elsewhere across Canada.” In addition to access to all the amenities of Transit City, residents will reap the benefits of a membership at the brand new 100,000-sq.-ft., purpose-built YMCA community centre, which will be adjacent to the condominium. Featuring extensive health and wellness-focused amenities, 56 YPNEXTHOME.CA
MORE TRENDING ONLINE ypnexthome.ca/news
residents of Transit City will have full access to the YMCA’s state-of-the-art fitness facility and gym, swimming pool, basketball courts, day care and a City of Vaughan library. Transit City will offer purchasers an unsurpassed residential experience in a master-planned, mixed-use community, while its location in the heart of the Vaughan Metropolitan Centre, and its connections to higher order transit, will offer unparalleled access to the Greater Toronto Area. Transit City is currently being considered for approvals by the City of Vaughan and the development team anticipates launching the project for sales later this spring.
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Inspiration
Inviting model suite SHOWCASES BEAUTIFUL LIVING AT ME2 LASH GROUP OF COMPANIES recently held the grand opening of ME2, the second phase at the highly successful, master-planned ME Living community in Scarborough. More than 200 families have already purchased, no doubt recognizing the tremendous value of the MarkhamEllesmere area, which is undergoing an exciting renaissance. Bus routes are at the doorstep, and access to the DVP, Hwy. 401, golf courses, parks, the Scarborough Bluffs and Scarborough Town Centre are only minutes away. Visitors to the ME Living presentation centre are impressed by the two-bedroomplus-den model suite decorated with furnishings and accessories from Lastman’s Bad Boy. According to Tiziana Petrucci, 58 YPNEXTHOME.CA
director of merchandising, accessories and purchasing, “To appeal to the wide variety of purchasers at ME Living, we kept the model contemporary in design. The look is calming, in order to create a restful haven from the vibrant urban surroundings of the condominium.” Petrucci selected light grey for the walls, which enhances the model’s spaciousness. Combined with the light-coloured plank laminate flooring in the living and dining areas and the den, as well as the generous amount of natural light coming in from the windows, the suite is bright and airy. “In the main living areas and throughout the suite, we used a neutral colour palette of greys and whites, with pops of turquoise for visual interest. A dark charcoal sofa contrasts nicely with the flooring. The style is contemporary, with a touch of retro added in the accent chair and silk shag rug. This living area is open to the clean lines of the kitchen, and visitors can see how careful furniture choices allow for plenty of room to walk around and entertain.” In the second bedroom, space efficiency is applied in the bed style, which features a bookcase headboard and drawer storage underneath. Paired with bedside tables with drawers, this ensemble maximizes space usage in the room. Throughout, sheer draperies keep the ambiance light. “We find everyone from first-time buyers to families and empty-nesters are attracted to the model,” Petrucci says. “It’s a stunning example of how Lash Group’s suites can
be decorated and furnished to create unique surroundings that appeal to different purchasers.” Among the standard features and finishes are porcelain tile, ceramic tile and plush carpeting in addition to the plank laminate flooring; granite kitchen countertops and a deluxe brandname appliance package. The ME Living community boasts a landscaped tree-lined courtyard with a soothing pond and water park. In winter, the pond will become an outdoor skating pad and community hub. Building amenities include a hotel-inspired lobby with concierge service and water feature; an interactive sports lounge with games area, billiard table, and bar.
Residents will stay active in the cutting-edge fitness room with yoga area. A multi-purpose room with demonstration kitchen and private dining room; celebrity kitchen overlooking the party room; Hollywood-style private theatre; and guest suites round out the building’s many fine amenities. The landscaped rooftop will encompass an outdoor pool with change rooms and showers, sun-tanning areas, private outdoor dining and barbecue areas, plus an outdoor fireplace feature. ME2 offers remarkable prices, location, amenities and suite features. Oneand two-bedroom suites (most with dens) from 503 sq. ft. start at an affordable $270,990. A starting price this attractive is a rare find in the GTA. Over the past 60 years, Lash Group of Companies has created exceptional places to live and work, with millions of square feet of development in the GTA and Florida. To view the two stunning model suites, visit the ME Living presentation centre at 1151 Markham Rd., at the southeast corner Markham and Ellesmere. Hours are Monday to Thursday from noon to 6 p.m.; weekends and holidays from noon to 5 p.m.; Friday closed. For more information, call 416.430.0003 or visit online at meliving.ca.
“In the main living areas and throughout the suite, we used a neutral colour palette of greys and whites, with pops of turquoise for visual interest.”
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 59
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JOIN WE WANT TO SEE YOU AT
WALK
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BE PART OF THE BIGGEST TEAM AT THE WALK OF LIFE
The Mikey Network is working to create awareness about heart healthy education and providing free tools to educate Canadians on how to perform CPR and operate a Mikey AED. Join TEAM MIKEY for a day full of fun activities – all dedicated to raising funds and awareness. People of all ages and abilities are coming together in their choice of a 1K, 3K, or 5K Walk, 5K or 10K Run, chair exercises, and lots of fun Kids Activities.
Saturday, May 27, 2017
Ontario Science Centre and E.T. Seton Park
JOIN US AND RAISE MONEY FOR THE MIKEY NETWORK If you can’t join us for the Walk, then please consider making a donation!
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mikeynetwork.com APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 61
HEAT-MIK-A-AD-WOL-NHC-APR18-1.indd 1
2017-04-18 1:54 PM
Advice | GET ORGANIZED
Four organizing myths that keep your life in disarray By Hellen Buttigieg
MORE ADVICE ONLINE ypnexthome.ca/news/advice
IT’S TIME TO DISPEL some organizing myths that may be keeping you stuck in your mess.
1 | Multi-tasking is always productive. False. Although useful in some situations, multi-tasking can cause you to lose your focus and make costly and time-consuming mistakes. When working on important tasks, multi-tasking is probably not a good idea. Some things require your undivided attention. Multi-tasking distracts us from being in the present moment, which can drain our energy and leave us feeling exhausted and unfulfilled. The next time you are participating in an activity, commit to that activity rather than thinking about all the things you should be doing instead, or have to do later. Resist the urge to do two things at once. 2 | Being messy automatically means you are disorganized. False. Organizing is not about how it looks, it’s about how it works. Visual, creative types need to have things out where they can see them because out-of-sight is out-of-mind for them. This may cause their spaces to appear disorganized to others, but they probably know exactly where everything is. On the flip side, visual types lose focus when there is too much to look at, so they need products that allow them to contain their belongings to minimize the visual clutter. For example, a literature 62 YPNEXTHOME.CA
sorter allows them to contain their papers while still keeping them within view. 3 | You have to toss everything to get organized. False. I often hear people say to me, “There’s no way I could get organized because I am too sentimental. I don’t want to get rid of everything.” Although you shouldn’t keep things you don’t like or will never use, there’s always a way to either display or store the things that matter. For example, shadow boxes or display cases allow you to protect as well as showcase the possessions that truly mean something to you.
4 | If you write it on a to-do list, it will get done. False. I had a client who was so proud of her to-do list. It was prioritized, colour coded and categorized, yet she was frustrated and overwhelmed at how many things on the list were not getting done. To get anything done, you have to actually schedule time to do the things on your list. Simply putting a task on a list is not a commitment. Blocking time on your calendar to do it is.
Hellen Buttigieg is a certified professional organizer, life coach, TV host and owner of We Organize U. Visit her website, weorganizeu.com, or email Hellen at info@weorganizeu.com
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Inspiration
Stockholm Coffee Table $199 ikea.ca
Blondes have
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Good-bye espresso, mocha and ebony wood, and hello you beautiful blondes! The trend has turned to lighter and brighter tones, creating an oasis of calm comfort.
by Elisa Krovblit
Antwerp Cabinet $3,750 jonathanadler.com Kaishi Kaishi Chair Chair $899 $899 cb2.ca cb2.ca
64 YPNEXTHOME.CA
Night Table $70 walmart.ca
Wooden Shelving Unit $450 bouclair.ca
Jackson Floor Lamp $349 crateandbarrel.ca
Canvas Oslo Console Desk $300 canadiantire.ca
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 65
Hot Properties
905
Find your next home! This page features a few of the latest properties to keep your eye on in the GTA’s 905 area. Find more properties at ypnexthome.ca
LATEST LISTINGS
M CITY CONDOS
COSMOS III CONDOMINIUMS By: Liberty Development City: Vaughan Register now for a new condominium coming to the Vaughan Metropolitan Centre. Prices starting from the mid-$200’s. cosmoscondos.ca
new releases and grand openings THE MET By: Plaza City: Vaughan GTA’s newest downtown address across from the new TTC subway station. Towns starting from the high $650’s. pureplaza.com
VISTA FLATS AND TOWNS By: Geranium Homes City: Stouffville The final release of the award-winning Neighbourhoods of Cardinal Point. Prices starting from the high $300’s. vistaflatsandtowns.com
INDIGO CONDOMINIUMS STATIONWEST
previews and registration M CITY CONDOS By: Rogers Real Estate Development & Urban Capital City: Mississauga Coming this spring: the first of nine buildings and soaring 60 storeys, M City’s flagship tower will emerge as the defining landmark of Mississauga’s downtown core, and will stand as the city’s tallest building. Register today to stay informed. mcitycondos.com
66 YPNEXTHOME.CA
By: Adi Developments City: Burlington Welcome to Burlington’s new design-forward address, in an idyllically located masterplanned community connected to a large central park and the Aldershot GO station. Register now. adidevelopments.com
By: Pemberton Group City: Maple Live steps from the Maple GO station. New release of one- and one-bedroomplus-den suite priced from the low $300’s. pembertongroup.com
DANIELS ARC By: Daniels Corporation City: Mississauga Register now for the newest addition to Daniels Erin Mills — a master-planned, mixed-use community. Prices starting from the $300’s. danielsarc.com
Builders If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@ypnexthome.ca
4
Hot Properties
416
Find your next home! This page features a few of the latest properties to keep your eye on in the 416 area. Find more properties at ypnexthome.ca
LATEST LISTINGS
NOBU RESIDENCES TORONTO
NOBU RESIDENCES TORONTO By: Madison Group City: Toronto Coming soon: residences, hotel and restaurant, all in one dynamic project in Toronto's Entertainment District. Register now to stay informed. NobuResidences.ca
BLOOR PROMENADE By: Tridel City: Toronto Register now for the third and final phase of Tridel's successful Islington Terrace community. Tridel.com
SUPERSONIC By: Lindvest City: North York Coming soon: the second tower in Lindvest's North York condominium community at Eglinton Avenue and Don Mills Road. lindvest.com/supersonic
WESTBEACH CONDOMINIUMS By: Marlin Spring City: Toronto Coming soon, WestBeach Condominiums embraces the feel of the neighbourhood in a sleek, contemporary package. Register now. WestBeachCondos.ca
PLAZA MIDTOWN
previews and registration PINNACLE ETOBICOKE By: Pinnacle International City: Etobicoke Register now for this new master-planned community coming to the "new city centre," near Kipling Hub, GO station and highways. PinnacleEtobicoke.ca
By: Plaza City: Toronto One- to three-bedroom condo suites, plus two- and three-bedroom towns coming soon. Register now to stay informed. PurePlaza.com
HALO By: Cresford Developments City: Toronto A striking new condo is coming to Yonge and College, inspired by the look and luxury of Baccarat. Register now. HaloResidences.com
new releases and grand openings HEARTWOOD By: Fieldgate Urban & Hullmark Developments Ltd. City: The Beach, Toronto New six-storey boutique residence of 43 exclusive suites coming to The Beach. New suite designs. Construction starting soon. HeartwoodTheBeach.com
HOME By: Great Gulf & Hullmark Developments City: Toronto Sales centre now open! Located at the corner of Power and Adelaide, "home" will consist of two highrise towers, with amenities focused on artistry and innovation. homeonpower.com
AQUABELLA By: Tridel & Hines City: Toronto Luxurious Terrace Collection now available at Bayside’s newest condo, Aquabella. Suites from 1,767 to over 4,000 sq. ft. tridel.com
THE FOXBAR COLLECTION AT BLUE DIAMOND By: Camrost Felcorp City: Toronto A new release of spacious two- and threebedroom luxury suites and townhomes. Prices starting from the mid-$800's. thefoxbar.ca
AYC CONDOS By: Metropia City: Toronto Now open! Condo residences and townhomes coming soon, where The Annex and Yorkville meet. ayccondos.com
Builders If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@ypnexthome.ca
APR 29 - MAY 13, 2017 | NEW CONDO GUIDE 67
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torontoregionalmaps: Toronto, East York, York
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68
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
# Builder Site Telephone TH* C* Price Range Page Finder 9 LAMB DEVELOPMENT CORP. Work Lofts 416-368-5262 39 19L 9 LAMB DEVELOPMENT CORP. Flatiron Lofts 416-368-5262 39 19L 11 MENKES DEVELOPMENTS INC. 365 Church 416-591-7700 • from $520,000 Insert 14I 18 URBAN CAPITAL Harris Square rivercitytoronto.com • • 29 18L 34 MENKES DEVELOPMENTS INC. Fleur menkes.com • • Insert 16L 35 MENKES DEVELOPMENTS INC. 87 Peter 416-591-7700 • from $820,000 Insert 15M The Eglinton Yonge at Heart 416-591-7700 • from $320,000 Insert 15D 35 MENKES DEVELOPMENTS INC. Halo Residences on Yonge 416-485-3000 • from $300,000 80 16K 49 CRESFORD DEVELOPMENT CORP. 50 CRESFORD DEVELOPMENT CORP. VOX 416-485-3000 • 80 15J 50 TRIDEL CORPORATION Bloor Promenade tride.com • IFC 23F 52 CRESFORD DEVELOPMENT CORP. CASA III 416-486-2272 • from $995,000 80 15L 52 CRESFORD DEVELOPMENT CORP. CASA II 416-486-2272 • from $2000,000 80 15L 104 CRESFORD DEVELOPMENT CORP. The Clover on Yonge 416-485-3000 • 80 14J 149 CAMROST - FELCORP Blue Diamond at Imperial Plaza 416-925-2501 • from $390,000 1 15I 157 PEMBERTON GROUP Time and Space Condominiums pembertongroup.com • Insert 17L 227 CRESFORD DEVELOPMENT CORP. YSL 416-483-3000 • IBC 16K 1 BRANDY LANE HOMES The Davies 416-873-0862 • from $820,000 14I 2 GREAT GULF Yonge+Richmond 416-499-8883 • from $470,000 16K 3 ARAGON PROPERTIES Eighty One Wellesley eightyonewellesley.ca • from $330,000 16J 3 ALTERRA 159SW 159sw.com • from $300,000 16J 5 GRAYWOOD DEVELOPMENTS Scoop Condos scoopcondos.com • from $282,000 19I 8 ROCKPORT GROUP George Condos+Towns 647-351-5050 • from $335,000 22L 9 HARHAY DEVELOPMENTS 875 Queen East 416-694-8750 • from $300,000 19L 10 MARLIN SPRING Canvas Condominium canvascondos.ca • from $250,000 24G 11 TRIDEL CORPORATION Sherwood at Huntington 416-485-1900 • from $1000,000 18G 11 METROPIA AYC Condos ayccondos.com • • from $400,000 14I 12 NORTH DRIVE INVESTMENT The High Park 416-670-3699 • from $400,000 8L 12 NORTH DRIVE INVESTMENT Picnic 416-670-3699 • from $475,000 8L 13 ASPEN RIDGE HOMES The Jack aspenridgehomes.com • from $400,000 14H 14 FIELDGATE URBAN Heartwood the Beach heartwoodthebeach.com • from $490,000 24J 15 TRIDEL CORPORATION 101 Erskine 416-480-0700 • from $386,000 14D 17 ROCKPORT GROUP The Nest 416-223-0003 • from $350,000 11H 18 DUNDEE KILMER DEVELOPMENTS Canary Block Condominiums canaryblock.com • from $350,000 18L 18 URBAN CAPITAL Harris Square rivercitytoronto.com • • 18L 20 MENKES DEVELOPMENTS INC. Fabrik 416-591-7700 • from $590,000 14M 20 MOD DEVELOPMENTS INC. Waterworks waterworkstoronto.com • from $420,000 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 25 TRIDEL CORPORATION SQ2 416-661-1949 • from $629,000 15D 26 BAZIS INC. No1 Yorkville 416-519-2911 • from $550,000 15I 26 PLAZA No1 Yorkville 416-519-2911 • from $550,000 15I 28 EMPIRE COMMUNITIES Eau Du Soleil Waterfront Condominiums 416-503-3328 • from $500,000 25B 29 PINNACLE INTERNATIONAL Success Tower at Pinnacle Centre 416-360-0673 • from $880,000 17M 30 BUENA VISTA DEVELOPMENTS Bespoke Towns 419-239-8181 • from $550,000 22J 31 WORSLEY URBAN PARTNERS Totem Condominium 416-792-1877 • from $492,000 15H 32 MADISON HOMES The Madison 416-482-8090 • from $480,000 14E 34 ST. THOMAS DEVELOPMENTS 88 Queen 88queen.com • from $250,000 16L 34 DREAM Ivy Condos 416-306-6484 • • from $320,000 16L 34 THE SHER CORPORATION Ivy Condos 416-306-6484 • • from $320,000 16L 36 NEUDORFER CORPORATION Fuse Condos 416-534-4444 from $260,000 9K 38 GREAT GULF Pace 416-928-2223 • from $310,000 16L 38 EASTON’S GROUP Dundas Square Gardens 416-645-8575 • from $224,000 17K 38 CENTRE COURT DEVELOPMENT Grid Condos 416-477-4743 • from $250,000 17K 40 FERNBROOK HOMES/CITYZEN DEV. Garrison Point garrisonpoint.ca • from $250,000 13N 41 LASH GROUP OF COMPANIES The Barrington Condominiums Flats 416-410-4444 • from $455,000 12H *TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. Attention Builders - Want to add your community to our maps? C: Condo Need to update existing information? Please fax the details to (416) 789-9554 Please refer to page number for complete information.
Builder
Site
Telephone
TH* C* Price Range
Page
Finder
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 The PJ 416-596-1600 • from $300,000 15L Yorkville Park mintoyorkvillepark.com • • from $420,000 14J Zigg Condos 416-545-0223 • • from $1300,000 14J Zigg Condos 416-545-0223 • • from $1300,000 14J Yorkville Private Estates 416-484-4371 • • from $2500,000 14J Teahouse 416-861-1111 • from $241,000 16K Stanley 416-546-1502 • from $400,000 16K Aqualina at Bayside Toronto 416-514-2710 • from $336,000 18M Aquavista at Bayside Toronto 416-514-2710 • from $814,000 18M Aquabella Bayside Toronto tridel.com • from $1200,000 18M 11 Wellesley 416-861-1111 • from $435,000 15J Riverside Square 416-466-4466 • from $200,000 19L Monde 416-466-8885 • from $340,000 17M 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 $835,000 14M Wellington House 416-368-5262 from $442,000 14M Enigma on the Park 416-516-1551 • from $236,000 9L Citylights on Broadway 416-546-6605 • from $320,000 14D East Fiftyfive 416-861-9559 • from $360,000 17L East Fiftyfive 416-861-9559 • from $322,000 17L Home Power + Adelaide homeonpower.ca • from $320,000 17L 609 Avenue Road 609avenue.com • from $600,000 14G 609 Avenue Road 609avenue.com • from $600,000 14G 2221 Yonge 647-350-2221 • from $320,000 14D On The Danforth onthedanforthcondo.com • from $251,000 23G Liberty Central by the Lake Two 416-537-0047 • • from $320,000 12N Schoolhouse 416-979-1333 • from $900,000 13I Art Shoppe Condos artshoppecondos.com • from $200,000 14D Distinction Condos 416-489-6444 • from $360,000 14D Distinction Condos 416-489-6444 • from $360,000 14D J Davis House 647-343-3270 • • from $320,000 15F J Davis House jdavishouse.com • • from $320,000 15F One Eleven Condominiums & Lofts 647-351-4111 • from $300,000 13M One Eleven Condominiums & Lofts 647-351-4111 • from $300,000 13M One Bloor Residences 416-922-0081 • from $580,000 15I 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 Urban Townhome Collection 416-277-6695 • from $2500,000 15K 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 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 Cumberland Tower - Yorkville Plaza II 416-966-3003 • from $350,000 15I The Foxbar Collection at Blue Diamond thefoxbar.ca • • from $900,000 15I Studio on Richmond 647-352-7736 • from $300,000 15M 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 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 Neon 416-987-7878 • from $400,000 14D 1000 Bay 416-485-3000 • 15J 90 Niagara 416-981-0036 from $410,000 14O James 416-214-9900 from $317,000 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 Canary District Condominiums 416-603-7576 • from $335,000 18L Canary Park Condominiums 416-603-7576 • from $242,000 18L TEN93 Queen West 905-326-4100 • from $280,000 12F TEN93 Queen West 416-546-6355 • from $380,000 12F Epic pureplaza.com • from $351,000 12F 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 $1990,000 16M The Harlowe 416-368-5262 • from $469,000 15M Form tridel.com 15L Empire Midtown empiremidtowncondo.com • from $300,000 10F Eight Cumberland 8cumberland.ca • from $400,000 15I Eight Cumberland 8cumberland.ca • from $400,000 15I St. Lawrence Condos stlawrencecondos.ca • from $280,000 17L The Wyatt Condominium Suites 416-955-0559 • from $220,000 18J Via Bloor 416-649-2500 • 17I Via Bloor 2 tride.com • 17I Plaza Midtown pureplaza.com • 14E West Beach WestBeachCondos.ca • from $290,000 23Jz
*TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. Attention Builders - Want to add your community to our maps? C: Condo Need to update existing information? Please fax the details to (416) 789-9554 Please refer to page number for complete information.
torontoregionalmaps: Toronto, East York, York
#
42 TRIUMPH DEVELOPMENTS 43 K-CAP LAIRD INC. 44 TRIDEL CORPORATION 47 PINNACLE INTERNATIONAL 48 MINTO COMMUNITIES INC. 48 MADISON HOMES 48 FIELDGATE HOMES 48 CAMROST - FELCORP 49 LANTERRA DEVELOPMENTS 49 TRIBUTE COMMUNITIES 51 TRIDEL CORPORATION 51 TRIDEL CORPORATION 51 TRIDEL CORPORATION 53 LANTERRA DEVELOPMENTS 56 STREETCAR DEVELOPMENT 58 GREAT GULF 60 CANALFA GROUP 63 FERNBROOK HOMES/CITYZEN DEV. 63 THE GUPTA GROUP 64 LAMB DEVELOPMENT CORP. 64 LAMB DEVELOPMENT CORP. 65 ARAGON PROPERTIES 67 PEMBERTON GROUP 68 LAMB DEVELOPMENT CORP. 68 HYDE PARK 68 GREAT GULF 70 STATE BUILDING GROUP 70 MADISON HOMES 71 TOWER HILL DEVELOPMENT CORPORATION 73 DIAM DEVELOPMENTS 75 CANALFA GROUP 78 EMPIRE COMMUNITIES 79 FREED 79 LASH GROUP OF COMPANIES 79 LASH GROUP OF COMPANIES 80 MATTAMY HOMES 80 BIDDINGTON HOMES 85 HARHAY DEVELOPMENTS 85 CARTTERA 99 GREAT GULF 104 ASPEN RIDGE HOMES 114 PLAZA 114 FERNBROOK HOMES/CITYZEN DEV. 117 BAZIS INC. 117 METROPIA 117 PLAZA 118 PEMBERTON GROUP 124 PINNACLE INTERNATIONAL 128 LIFETIME DEVELOPMENTS 129 CONCERT PROPERTIES 131 LANTERRA DEVELOPMENTS 131 TRIDEL CORPORATION 133 TRIBUTE COMMUNITIES 142 ANDRIN HOMES 148 GRAYWOOD/BEAVERHALL DEVELOPMENT 149 CAMROST - FELCORP 149 CAMROST - FELCORP 149 CAMROST - FELCORP 150 ASPEN RIDGE HOMES 153 URBAN CAPITAL 153 MALIBU INVESTMENTS INC. 153 ALIT DEVELOPMENTS 155 LIFETIME DEVELOPMENTS 157 CASTLEPOINT/CITYZEN/FERNBROOK 162 PIANOSI DEVELOPMENTS 185 PEMBERTON GROUP 190 CRESFORD DEVELOPMENT CORP. 199 FIELDGATE HOMES 199 BRAD J. LAMB REALTY 200 FREED 200 CARTTERA 201 SOLOTEX 206 MOD DEVELOPMENTS INC. 215 DUNDEE KILMER DEVELOPMENTS 215 DUNDEE KILMER DEVELOPMENTS 217 BAYWOOD HOMES 217 PEMBERTON GROUP 217 PLAZA 218 MALIBU INVESTMENTS INC. 218 URBAN CAPITAL 219 TAS DESIGNBUILD 220 LAMB DEVELOPMENT CORP. 221 LAMB DEVELOPMENT CORP. 222 LAMB DEVELOPMENT CORP. 223 TRIDEL CORPORATION 224 EMPIRE COMMUNITIES 225 GREAT GULF 225 PHANTOM DEVELOPMENTS 226 FERNBROOK HOMES/CITYZEN DEV. 228 THE DANIELS CORPORATION 229 TRIDEL CORPORATION 229 TRIDEL CORPORATION 230 PLAZA 231 MARLIN SPRING
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H * Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
torontoregionalmaps: North York
#
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Builder
95 LINDVEST 121 LIBERTY DEVELOPMENT CORP. 134 ELAD CANADA 1 CONCORD ADEX 2 DEVRON DEVELOPMENTS 3 YYZED PROJECT MANAGEMENT 3 TIFFANY PARK HOMES 4 TRIDEL CORPORATION 5 LINDVEST 6 CONCORD ADEX 6 CONCORD ADEX 7 FRAM BUILDING GROUP 8 BAZIS INC. 9 SORBARA GROUP 10 LANTERRA DEVELOPMENTS 10 LANTERRA DEVELOPMENTS 11 MATTAMY HOMES 12 GHODS BUILDERS INC. 13 CASTLE GROUP DEVELOPMENTS 13 LIBERTY DEVELOPMENT CORP. 13 CONCORD ADEX 14 DAVPART 15 PHANTOM DEVELOPMENTS 16 URBAN CAPITAL 16 ALIT DEVELOPMENTS 17 CHESTNUT HILL DEVELOPMENT 17 HAVEN DEVELOPMENTS 18 KUBO DEVELOPMENTS 19 MADISON HOMES 20 MALIBU INVESTMENTS INC. 21 TRIDEL CORPORATION 22 TRIDEL CORPORATION 28 TRIDEL CORPORATION 33 LATCH DEVELOPMENTS 33 FIRST AVENUE PROPERTIES 34 DIAMANTE DEVELOPMENT CORP. 34 G GROUP DEVELOPMENT CORP 37 NORSTAR GROUP OF COMPANIES 50 DEVRON DEVELOPMENTS 95 ASPEN RIDGE HOMES 95 LINDVEST 96 ELAD CANADA 96 ELAD CANADA 96 ELAD CANADA 96 ELAD CANADA 122 LANTERRA DEVELOPMENTS 122 LANTERRA DEVELOPMENTS 122 LANTERRA DEVELOPMENTS 123 BRANDY LANE HOMES 124 TRIDEL CORPORATION 124 TRIDEL CORPORATION 125 FRAM BUILDING GROUP 130 TRIBUTE COMMUNITIES 132 FRAM BUILDING GROUP/CADILLAC FAIRVIEW
Site
Telephone TH* C* Price Range
Page
Finder
Super Sonic lindvest.com/supersonic • from $320,000 35 23G World on Yonge 905-771-7010 • 18 18A The Peak Emerald City emeraldcitylife.ca • from $300,000 25 24D Opus 416-813-2999 • • 22C The Vanguard vanguardto.com • 18A VISTO vistocondos.ca from $267,000 8E Westhaven 416-792-6655 • from $633,000 23G Aristo at Avonshire 416-730-0300 • from $391,000 18D The Brownstones at Westown lindvest.com from $250,000 4C Tango2 at Concord Park Place 416-813-2999 • from $265,000 22C Omega On The Park 416-813-2999 • • from $200,000 22C SOUL mysoulcondos.ca from $250,000 25C Estates on Bayview estatesonbayview.com • from $1950,000 19D Beacon beaconcondos.ca • from $368,000 17C Rodeo Drive Condominiums rodeodrivecondos.com • 22F Rodeo Drive 2 Condominiums rodeodrivecondos.com • 22F Downsview Park Boutique Condos mattamyhomes.com • • 10D 5959 Yonge Street 416-222-5959 • from $302,000 18A Vida at Bayview Village 416-304-1212 from $250,000 20D The Village Residences 647-622-8408 • 20D Seasons Condominiums concordseasons.ca • 20D Avro Condominiums avrocondos.com • from $220,000 12C Tea Garden Condos teagardencondos.com • from $200,000 19C The Ravine 416-850-2489 • • from $268,000 25E The Ravine 416-850-2489 • • from $250,000 25E Lotus Condominiums 416-222-8338 • from $306,000 19C SIX 25 BV six25bv.com • from $250,000 19C Marquette Urban Towns 416-551-9767 • from $250,000 14E Briar Hill madisonhomes.ca • • from $400,000 12F Southside Residences at Gramercy Park 416-703-2202 • from $290,000 13E Argento 416-663-1818 • from $370,000 22E Scala 416-730-0300 • from $300,000 22C Alto at Atria 416-645-8866 • from $334,000 25D The Bennett on Bayview thebennettcondos.com • from $250,000 17B The Bennett on Bayview thebennettcondos.com • from $250,000 17B The Diamond Condominiums on Yonge 416-961-8008 • from $268,000 17C Ellie Condos elliecondos.com • from $250,000 17C Portrait Condominiums 416-282-9600 • from $255,000 13C Flo Condominiums 647-799-0356 • from $322,000 18C Scenic on Eglinton 416-805-1781 • from $300,000 23G Sonic lindvest.com/sonic • from $212,000 23G Dreamtower At Emerald City 416-492-0001 • from $367,000 24C The Colours of Emerald City coloursofemeraldcity.com • from $290,000 24C Fifth on the Park 416-492-0001 • from $290,000 24C The Park Club Emerald City theparkclub.ca • from $290,000 24C Treviso Condominiums 416-787-8882 • from $203,000 12F Treviso II 416-787-8882 • from $263,000 12F Treviso III 416-787-8882 • from $250,000 12F The Station 416-398-9777 • from $467,000 12D Trio at Atria 416-645-8866 from $271,000 24C Parfait at Atria tridel.com 24C LIV Lofts 416-445-5638 • from $250,000 22F Canterbury 647-352-2130 • • from $951,000 19F Flaire Condos 416-445-8868 • from $305,000 22F
*TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. C: Condo Please refer to page number for complete information.
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
d ett R
Av e
40
Dixon Rd Scarl
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Kipling Ave
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Etobicoke
409
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21 44
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50 8
Queensway7
14
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9
22
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2
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H
Park Lawn
73
16
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Scarborough
28
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427
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Galloway Rd
Ki
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Orton Park Rd
Bellamy Rd
McCowan Rd
Brimley Rd
Victoria Park
G
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* Due to scale restrictions, locators are d 1 approximate. Please see builder’s n R ads sto for exact locations. ng St. Clair Ave
Scarborough Golf Rd
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Brim
Eglinton Ave E
F
Dr rton
Markham Rd
Kennedy Rd
27 71
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Sheppard Ave E
Morrish Rd
Progress Ave
3 Lawrence Ave E Rd
Warden Ave
Pharmacy Rd
E
55
Birchmount
Ellesmere Rd
401 Midland Ave
401
D
Milner Ave
72
bio
Humberline Dr
23
Al
Beare Rd
Sheppard Ave E 26
Conlins Rd
C
Ave
Morningside Ave
evin
McL
Passmore Ave
Meadowvale Rd
Huntingwood Dr
Reesor Rd
Finch Ave E
B
Sewells Rd
Neilson Rd
McNicoll Ave
Tapscott Rd
McCowan Rd
A
21 22 23 24 25 26
5 56
6 19 24 17 18
39
Lakeshore Blvd W
# 7 28 57 1 2 3 4 5 6 8 8 9 10 10 11 13 14 14 14 16 17 18 19 23 24 26 27 30 34 39 39 44 50 50 55 55 55 56 61 71 71 72 73
Builder URBAN CAPITAL LIBERTY DEVELOPMENT CORP. PINNACLE INTERNATIONAL INSOHO DEVELOPMENTS STANTON RENAISSANCE LALU CANADA YOUR HOME DEVELOPMENTS VANDYK GROUP OF COMPANIES CONSERVATORY GROUP TRIDEL CORPORATION TRIDEL CORPORATION WILKINSON DEVELOPMENTS LASH GROUP OF COMPANIES CARTTERA SCOLLARD DEVELOPMENT OPEARL DEVELOPMENTS INFINITY DEVELOPMENTS LAURIER HOMES MUTUAL DEVELOPMENTS CONCERT PROPERTIES TIMES GROUP CORP. MATTAMY HOMES ICON HOMES CITYCORE DAVIES SMITH GEMTERRA GLOBAL KINGDOM MINISTRIES TERRANATA DEVELOPMENTS INC. EDILCAN DEVELOPMENT CORP. MATTAMY HOMES MATTAMY HOMES TRIDEL CORPORATION PEMBERTON GROUP NORTH STAR HOMES TRIDEL CORPORATION TRIDEL CORPORATION TRIDEL CORPORATION PHANTOM DEVELOPMENTS VHL DEVELOPMENTS LTD. LASH GROUP OF COMPANIES LASH GROUP OF COMPANIES SAMM DEVELOPMENTS HI-RISE (WEST) INC.
torontoregionalmaps: Scarborough, Etobicoke
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
Site Telephone TH* C* Price Range Page Finder Queensway Park queenswaypark.ca • 15 23G Terrace on Danforth 416-987-7575 • 18 2G Pinnacle Etobicoke 416-596-1600 • from $300,000 3 22G Imagine Condos 416-367-7303 from $235,000 4F On The Go Mimico 647-692-8417 • from $200,000 23H Evo Condos + Towns evocondos.com • from $220,000 3D Sweet Life Condos 647-351-5440 • from $200,000 10E Backyard Neighbourhood Condos backyardcondos.com from $250,000 24G Altitude 416-321-1659 • from $230,000 25H Islington Terrace 416-645-8862 • from $250,000 23F Bloor Vista at Islington Terrace 416-645-8862 • 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 Sail Condominiums sailcondos.ca • 2C Residences at The Hunt Club 416-699-1711 • from $300,000 2G Upper Beach Club upperbeachclub.com • from $390,000 2G Upper Beach Club upperbeachclub.com • from $390,000 2G The KIP District thekipdistrict.com • from $250,000 22F Key West Condominium keywesttorontocondo.com from $320,000 25H Lago 647-347-5930 • from $744,000 25C Royal York Urban Towns 416-901-0206 • from $220,000 24H 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 $200,000 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 Selene Metrogate 416-293-5535 • from $280,000 4C Jade Condominiums 416-762-8818 • from $305,000 25G Haven On The Bluffs 416-2611-9555 • from $292,000 3E Me Condos 416-430-0003 • from $250,000 8D Me 2 Condos 416-630-9393 • from $250,000 8D The Kennedys Condominiums KennedyCondos.com • from $220,000 4C Spice Urban Towns 416-932-3443 • from $390,000 2G
*TH: Townhomes, Attention Builders - Want to add your community to our maps? Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554
71
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waterfrontmaps: TORONTO
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
72
#
Builder
Site
Telephone TH* C* Price Range
1
MENKES DEVELOPMENTS INC.
Harbour Plaza
416-591-7700 •
from $2,100,000
3
MATTAMY HOMES
Vita On The Lake
mattamyhomes.com •
Page
Finder
Insert
14F
from $350,000
BC
2F
15 THE DANIELS CORPORATION
Lighthouse East Tower Condominium Residences 416-221-3939
• from $300,000
13
16F
2
Concord Adex
The Lakefront
thelakefront.ca
•
12F
4
TRIDEL CORPORATION
Aquabella Bayside Toronto
tridel.com • from $1200,000 16E
4
TRIDEL CORPORATION
Aqualina at Bayside Toronto
416-514-2710
• from $336,000 16E
4
TRIDEL CORPORATION
AquaVista at Bayside Toronto
416-514-2710
• from $814,000 16E
5
CONCORD ADEX
Exchange Condos
exchangecondos.ca
•
12F
10 GREAT GULF
Twenty Lombard
416-499-8883
• from $543,000
16K
58 GREAT GULF
Monde
416-466-8885 •
• from $340,000
17E
60 CANALFA GROUP
Liberty Central by the Lake Two
416-537-0047
• from $320,000
11F
*TH: Townhomes, C: Condo
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to 416-789-9554
W
Rathburn Rd
Fi
St
E
Dr al W Rd
ee Qu W
lW ya Ro
W Rd
27
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6
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27
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* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
69
93
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Essa
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400
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48
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Telephone TH* C* Price Range
Bradford Tecumseth and Tottenham On The Go Mimico 9
LindsayWhitby 7 Waterfront
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DAVIES SMITH
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647-692-8417 • 48
Lake
og
Scug
Page
Scugog
Manvers Finder
from $200,000 23C
King
Newcastle
Schomberg Eleven Superior
416-259-8882 •
from $311,000 23C Whitby
Oshawa
401
5
DAVIES SMITH
Hearthstone by the Bay
416-259-4466 • 24C
6
SCOLLARD DEVELOPMENT CORP.
Boathaus
boathaus.ca • from $198,000 22I
11 MATTAMY HOMES
Waterscapes
416-495-3544 • from $414,000 13B
18 MATTAMY HOMES
Riva Del Lago
647-347-5930
28 EMPIRE COMMUNITIES
Eau Du Soleil - Waterfront Condominiums
416-503-3328 • from $500,000
*TH: Townhomes, C: Condo
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
• from $806,000 24C
25B
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to 416-789-9554
waterfrontmaps: GTA
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Sid er
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
ra
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Builder
Site
46 THE DANIELS CORPORATION
Telephone TH* C*
Daniels City Centre
Price Range
Page
Finder
905-819-8889 • 9 20L
905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North
#
1
VANDYK GROUP OF COMPANIES
The Craftsman
craftsmancondos.com from $310,000 21N
2
THE DANIELS CORPORATION
Olivia Marie Gardens
905-874-8880
3
CASTLERIDGE HOMES
The Clairington
905-793-0002 • from $230,000 16E
3
PINNACLE INTERNATIONAL
The Marquee Townhomes on the Park 905-568-9000 • from $720,000 20K
4
CONSERVATORY GROUP
Mirage
905-232-2400 • from $260,000 20K
5
AMACON
Block Nine
905-273-9333 • from $200,000 20L
5
URBAN CAPITAL
M City
6
MATTAMY HOMES
The Residences of Creekshore Common mattamyhomes.com
7
SYMMETRY DEVELOPMENTS
Lake & East Condominium Residences
lakeandeast.com • from $350,000 16S
9
EMPIRE COMMUNITIES
Empire Rain and Senses
905-845-7246 • 17Q
10 AMACON
The Residences at Parkside Village
905-273-9333 • 21K
11 ADI DEVELOPMENT GROUP
Station West
11 ADI DEVELOPMENT GROUP
The West Condominiums at Stationwest adidevelopments.com • from $190,000 5N
11 ROSEHAVEN HOMES
Affinity Condominiums
12 SPALLACCI HOMES
101 Locke Condos
13 GREAT GULF
The Chelsea
14 PEMBERTON GROUP
Rosedale Village Golf & Country Club
15 ADI DEVELOPMENT GROUP
Link2 Condos+Lofts
905-592-2028 • from $225,000 5M
16 VANDYK GROUP OF COMPANIES
Windows on the Green
905-822-3333 from $410,000 19N
17 PEMBERTON GROUP
Downtown Erin Mills Condominiums
905-630-6300 • from $320,000 18M
17 PEMBERTON GROUP
Downtown Erin Mills Condominiums Tower 2 905-603-6300 • from $320,000 18M
17 PEMBERTON GROUP
Mills Square
19 METROLY DEVELOPMENTS
The 6ixth
the6ixthtowns.com • from $300,000 16P
20 CARRIAGE GATE HOMES
The Berkeley Downtown Burlington
theberkeleycondo.com
21 VALERY HOMES
Royal Connaught Phase II
royalconnaught.com • from $300,000 5N
21 SPALLACCI HOMES
Royal Connaught Phase II
royalconnaught.com • from $300,000 5N
30 PINNACLE INTERNATIONAL
Pinnacle Grand Park 2
905-276-3981 • from $266,000 20L
30 PINNACLE INTERNATIONAL
Pinnacle Grand Park
905-276-3981 • from $300,000 20L
34 PINNACLE INTERNATIONAL
Pinnacle Uptown
905-568-9000 • from $300,000 19K
47 THE DANIELS CORPORATION
ARC Daniels Erin Mills
905-306-6996 • from $300,000 17M
• from $200,000 14K
mcitycondos.com • from $220,000 20L • from $406,000 14R
adidevelopments.com • from $200,000 5N
289-337-5937 • from $320,000 5N 101lockecondos.com
• 5N
905-844-1605 • from $220,000 16P 905-799-5000
•
• from $204,000 13F
pembertongroup.com • from $300,000 18M
• from $340,000 5M
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
75
WhitechurchStouffville
A
East
Mt Albert Rd
Millard St
PEMBERTON GROUP
GO.2
15 GERANIUM HOMES
Pace on Main
5
7 407
11 Concess ion R
9
10 Concess ion R
Steeles Ave E
Site
9 Line
Builder
Hwy. 48 le Dr
14 Ave
Town of Markham
Raymervil
Rd
e
#
34
Bullock Dr Hwy 7
Aldergrove Dr
n
de
Al
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
Steeles Ave W
3 407
404
Main St S
8
7 17
404 St
Kennedy Rd
John
45
Major Mackenzie
16 Ave Carlton Rd
Ave
e
Clark Ave W
Woodbin e
32
18 Ave
Warden Av e
Leslie St
16th Ave.
Thornhill Henderson Av
13
31 Yonge St
Centre St
Cachet Pkwy
4
rn Ave
e Av
1
Strathea
n to
Denham Dr
ng Isli t nce S Clare Kipling Av
50
44 48
43 10
7 49 407
Elgin Mills Rd
Major MacKenzie
Weldrick Rd W
7 Langstaff Rd 46
Neal Dr
Regent St Mill St
Elgin Mills Rd
Richmond Hill
Rutherford Rd
11 40
401
404
Yo
St
Maple
rkland St
Bathurst
St
9
400
19th Ave.
Gamble Rd
n
407
16
19 Ave McCowan Rd
2 15 Dufferin
Huntingto
7
To wn of O sh awa
401 401
Rd
Hwy. 27
Yonge St
McCowan
Stouffville Rd
E
G
City of Pickerin g
Key Maps
To wn of W hitby
Jefferson Sideroad
19 Ave
41
To wn of Ajax
21 22 23 24 25 26
Bethesda Sideroad
Major Mackenzie
F
Leslie St
n Rd
6
48
Keele St
Teston Rd
King Rd
Bloomington Rd
y Cr
D
Nashville Rd
Jane St
Weston Rd
Pine Valle
k Rd
Kirby Rd
404
400
Vandorf Sideroad Kennedy Rd
Woodbin e Ave
King-Vaughan Rd
C
McCowan Rd
Aurora Rd
Warden Ave
B
Bayview Ave
9 Concessio
Vivian Rd
St John's Sideroad
Langstaff Rd
76
47
Bloomington Sideroad
Cold Cree
12 Line Rd
905regionalmaps: Maple, Thornhill, Richmond Hill, Vaughan, Markham, Stouffville, Ajax, Whitby, Oshawa
1 2 3 4 5 6 7 8 Town9 of 10 11 12 13 14 15 16 17 18 19 20
Page
Finder
Markham
Denison St
Telephone TH* C* Price Range
pembertongroup.com • 6 geranium.com • from $520,000
49
9E 10C
31 PEMBERTON GROUP
Yonge Parc
32 LIBERTY DEVELOPMENT CORP.
Royal Gardens
1
LIBERTY DEVELOPMENT CORP.
Cosmos III Condominiums
2
ROYAL PINE HOMES
Hampton Place
2
GERANIUM HOMES
Vista Flats and Towns at Cardinal Point
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
6
ARMOUR HEIGHTS DEVELOPMENTS
The Sorrento
8
WYVIEW GROUP
Unionville gardens
9
PEMBERTON GROUP
Indigo Condiminiums
pembertongroup.com • 7
12F
905-889-9997 • 18
15F
cosmoscondos.ca • 6G royalpinecondos.com • from $390,000 9C geraniumhomes.com • from $390,000 9C
905-294-6161 from $340,000 23F 289-637-1777 • from $400,000 13B
unionvillegardens.com • from $200,000 18F 905-553-1430 • from $450,000 9E
10 GREAT LANDS CORP.
The Beverly Hills Resort Residences 905-882-6636
11 DUKA DEVELOPMENTS
Oggi Boutique Townhomes
• from $277,000 12E
13 LIBERTY DEVELOPMENT CORP.
Legacy Park
16 PODIUM DEVELOPMENTS
University Studios
17 REMINGTON GROUP
York Condos Downtown Markham
905-948-9900 • from $650,000 17F
31 PEMBERTON GROUP
Sky City
905-709-5700 • from $300,000 12F
31 PEMBERTON GROUP
Sky City 2
905-709-5700 • from $350,000 12F
32 45 CHARLES LTD.
Royal Gardens
905-889-9997 • from $303,000 15F
32 SIGNATURE COMMUNITIES
TAO Boutique Condos
905-597-2535 • from $364,000 15F
34 SIERRA HOMES
68 Main Street
905-305-0822 • from $250,000 21E
40 NOVA TRIMAX
Allegra
905-850-6866 • from $200,000 1F
41 QUADCAM DEVELOPMENT GROUP INC
Vista Parc Condominiums
905-850-8883 • from $200,000 3F
43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION
Grand Palace
905-907-4370 • from $250,000 12E
43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION
Grand Palace Phase I
905-907-4370 • 12E
43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION
Grand Palace Phase II
905-907-4370 • from $250,000 12E
44 LIBERTY DEVELOPMENT CORP.
Centro Square Condos
905-851-8887 • 5F
45 KYLEMORE COMMUNITIES
The 6th Angus Glen
46 PLAZA
The Met
47 TREASURE HILL HOMES
Urban Town Living in Pickering
treasurehill.com
48 THE GUPTA GROUP
Icona Condominiums
theICONA.COM • from $290,000 6G
49 CORTEL GROUP
Nord Condos
oggitowns.com • from $320,000 1G 905-731-8302 • 10G universitystudios.ca • from $150,000 25B
905-887-9950 • from $625,000 19E pureplaza.com • from $660,000 6F • from $390,000 16A
nordcondos.ca • from $320,000 9F
*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
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INDEX OF ADVERTISERS Biddington - Vita Two On The Lake
Camrost - Felcorp - Blue Diamond at Imperial Plaza
BC
1
Mattamy Homes - Vita Two On The Lake
BC
Menkes Developments Inc. - 365 Church
Insert
ComFree - Promo
63
Menkes Developments Inc. - 87 Peter
Insert
Cresford Development Corp. - CASA II
80
Menkes Developments Inc. - Fleur
Insert
Cresford Development Corp. - CASA III
80
Menkes Developments Inc. - Harbour Plaza
Insert
Menkes Developments Inc. - The Eglinton Yonge at Heart
Insert
Cresford Development Corp. - YSL
IBC
Cresford Development Corp. - Halo Residences on Yonge
80
Mikey Young At Heart - Promo
59
Cresford Development Corp. - The Clover on Yonge
80
Pemberton Group - Corporate
Insert
Cresford Development Corp. - VOX
80
Pemberton Group - GO.2
ELAD Canada - The Peak Emerald City
25
Pemberton Group - Model Suite of the Month
Family of magazines - Promo
77
Pemberton Group - Time and Space Condominiums
Focalpoint - Promo
61
Pemberton Group - Yonge Parc
7
Geranium Homes - Pace on Main
49
Pinnacle International - Pinnacle Etobicoke
3
Great Gulf - Corporate
5
Plaza - Corporate
6
17
Insert
23
Lamb Development Corp. - Flatron Lofts
39
Sick Childrens Hospital - Builders’ Helping to Heal
52-53
Lamb Development Corp. - James
31
Tarion - Homeowners Choice Awards
Lamb Development Corp. - Work Lofts
39
The Daniels Corporation - Daniels City Centre
Liberty Development Corp. - Royal Gardens
18
The Daniels Corporation - Lighthouse East Tower Condominium Residences 13
Liberty Development Corp. - Terrace on Danforth
18
Tridel Corporation - Bloor Promenade
Liberty Development Corp. - Wish Condos
19
Urban Capital - Harris Square
29
Liberty Development Corp. - World on Yonge
18
Urban Capital - Queensway Park
15
Lindvest - Super Sonic
35
What’s Online - Promo
8
Madison Group - Nobu Toronto
43
YP Next Home - Promo
57/79
33
9
IFC
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