May 10 - 24, 2014 Volume 18 Issue 10
*
*See details inside.
INSIDE INSIDE THIS THIS ISSUE ISSUE
BUILDING INDUSTRY OBIS AUTREAL YOUR HOME: CORUM VOLORER QUI ESTATE ODIS EXLESSONS LAB IUM ACESFIRST QUISQUIS CELEBRATES EXCELLENCE EASY WAY MORTGAGE IAEPERO INCTUR PLIQUASLEARNED, VOLO IURTHE REM QUI CUSA QUE NUSADVICE ODIT
COMING SOON
tridel.com
RESIDENTIAL LOBBY VIEWED FROM AVENUE ROAD
THIS IS
YORKVILLE AT ITS VERY BEST
CO M I N G SO O N . A N E W S I G N AT U R E R E S I D EN C E AT C U M B ER L A N D A N D AV EN U E ROA D I N YO R K VI LLE F R O M TH E M I D $ 3 0 0 ’s
A MASTERPIECE IN YORKVILLE. PREVIEW REG ISTR ATION | CU MB E RL ANDTOWE R .COM/CG PRICES AND SPECIFICATIONS SUBJECT TO CHANGE. E.&O.E. BROKERS PROTECTED. RENDERING CONTAINS IMAGE OF SCULPTURE BY JEUME PLENSA WHO ALONG WITH OTHER INTERNATIONALLY RECOGNISED SCULPTORS HAS BEEN SELECTED TO SUBMIT ART PROPOSALS FOR SCULPTURES TO GRACE THE CUMBERLAND TOWER SCULPTURE GARDEN. ALL IMAGES ARE ARTIST CONCEPT.
editor’s note
Make wise choices, and enjoy the process
Susan Legge
Editor-in-chief
Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook Search: Condo Guide
Those in the market for a new home will be pleasantly surprised by the exceptional value and attention to detail a brand new home offers. When you buy new, you don’t inherit worn carpeting, or someone else’s taste in kitchen appliances and paint colours. You get a fresh space that’s awaiting your personal imprint. If you’ve fantasized about buying a new home, here are a few tips that can help make the process a pleasant one: ›› Shop the mortgage market to see what you can afford before you start your hunt; ›› Obtain a lawyer who is willing to review your offer and close the deal; ›› Don’t be persuaded by high-pressure sales tactics; ›› Determine which options and upgrades you want as part of your offer and ensure your lender will finance what’s required, if needed; ›› To save money, consider which upgrades you could purchase and install yourself after the sale closes. Some upgrades such as rough-ins and wiring inside the walls are easier to do before construction. Factors like cost, neighbourhood, square footage and special features play a big role in your final decision. Determining which features your new condo absolutely must have, and which features you could live without, should be among your first steps in the home-buying process.
The “Crème de la crème”
Lydia McNutt
Editor
Wall2Wall Media Lydia.McNutt@wall2wallmedia.com Follow me on Twitter at Twitter.com/LydiasTweets
One of the most important steps in buying a new home is choosing the home builder who can deliver your wish list. We’ve got some of the best right here in our own backyard, who were honoured at the recent BILD Awards held on April 25, attended by more than 1,100 industry professionals. This annual event celebrates the best of the building industry, from the builders and their dazzling designs, to the advertising, marketing and sales teams behind these successful projects. With so many great builders vying for your attention, how do you choose the right one? As with most aspects of the home hunt, this one starts with some research. With the Internet at your disposal, much of the information you seek is right at your fingertips. What builders are out there? How long have they been in business? How many new communities have they completed? What are they building, and where? Can they deliver your must-have list? While the Internet is a valuable tool, you can’t beat the face-to-face experience. Visit builders’ sales centres and model suites, speak with staff, and tour their communities – both completed and in progress, to see the team in action. Don’t be afraid to approach a resident and ask them about their experience. What was their overall impression? How was the aftersales service? Did the builder meet the time line for closing? Were there any problems, and if so, how were they rectified? Would they buy from the same builder again, or recommend them to a family member?
There’s so much choice in the GTA, whether you seek a small city suite in or spacious townhome – potentially by an award-winning builder which makes you, the homebuyer, the real winner.
THIS RARE OPPORTUNITY IS ABOUT TO BECOME HISTORY.
TAKE YOUR EXPRESS ELEVATOR HOME. Welcome to the Private Residences atop Imperial Plaza. An iconic building in a coveted Forest Hill location, clad in limestone with impeccable granite and marble detailing, rich in historical perspective and timeless in elegance. Majestic suites with up to 6000 sq. ft. of grand living space, ceiling heights that soar 10’ and higher, and with breathtaking views of the city. A dedicated express elevator, private elevator lounge, private fitness club and 24 hour concierge allow your everyday to unfold with grace. Move in this year!
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IMPERIALCONDOS.CA 416.925.2501 Exclusive Listing Brokerage Milborne Real Estate Inc. Brokers Protected. Prices and specifications are subject to change without notice. Illustrations are artist concept. E.&O.E.
MAY 10 - 24, 2014 NEW CONDO GUIDE 003
new condo guide
contributors
Vice-President, Wall2Wall Media
Jacqueline Hill Editor-in-Chief / Director of Content
Susan Legge Director of Sales, National
Josh Heppner Associate Publisher SWO New Homes & Lifestyle Communities
Susan Maxwell Art Director
Sarah Jang Editor
Lydia McNutt Contributing Editors
BILD Report
Legally Speaking
Designer Advice
Bryan Tuckey
Jayson Schwarz
Yanic Simard
Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/ bildgta), Youtube (youtube.com/bildgta) and BILD’s official blog (bildblogs.ca).
Jayson Schwarz LL.M is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit the website at schwarzlaw.ca or email info@schwarzlaw.ca.
Yanic Simard is New Condo Guide’s design editor and the principal designer of the Toronto Interior Design Group, specializing in residential and commercial projects. Simard has created designs for clients in Toronto, Montreal and Miami, and appears as a regular guest expert on Citytv’s CityLine. Visit tidg.ca
Sara Duck Wayne Karl Elisa Krovblit Design Editor
Yanic Simard
Sales Manager
Conni Robinson Senior Account Executive
Dionne Fraser dionne.fraser@wall2wallmedia.com Senior Account Executive
Nina Downs nina.downs@wall2wallmedia.com
Sales & Marketing Co-Ordinator
Terry Bassett Administrative Assistant
Antoinette Jackson Production Manager
Bala Gnanapandithan Production Co-Ordinator
Sandra Hanak-Vujnovic Condo pro
Condo Sense
Barbara Lawlor
Don Kearney
Barbara Lawlor is president of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condominium developments in the GTA and overseas.
Don Kearney is manager of customer communications and social media at Menkes Developments Ltd. Follow Menkes on Facebook at facebook.com/MenkesLife, and on Twitter at twitter.com/MenkesLife
Investor Advice
Andrew la Fleur Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto condo market. Visit TrueCondos.com/ NewCondoGuide for a free gift. Contact Andrew at 416.371.2333 or andrew@truecondos.com
Graphic Designers
Caroline Wassef, Mihail Terentiev, Sandra Hanak-Vujnovic
Published By
#500-401 The West Mall Etobicoke, On M9c 5j5 T 416.626.4200 F 416.784.5867
Call 416.626.4200 for advertising rates and information. Circulation Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices. Copyright 2014 All rights reserved by Wall2Wall Media. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and offenders will be prosecuted under the law. Terms Advertisers, editorial content and new condo guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. Editorial submissions from interested parties will be considered. Email to susan.legge@wall2wallmedia.com. The views and data expressed by columnists do not necessarily represent those of the publication. Advertising
Taxing Issues
Condo Living
Shlomo Sharon
Chuck Resnick
Henry Choo Chong is a certified general accountant. Henry sits on many committees and provides accounting and tax advice to individuals and businesses in the GTA. Email your tax questions to Taxing Issues at choochonghcga@yahoo.ca
Shlomo Sharon is CEO of Taft Management Inc. and a member of CCI since 2002. Taft Management Inc. is an ACMO 2000-certified property management company and has been providing property management services since 1996. Visit taft-forward.com.
Chuck Resnick is vice-president of marketing and operations at Two Men And A Truck – Canada, a division of Heron Capital Corp. He can be reached by visiting online at twomen.ca and by calling 416.204.0007.
Henry Choo Chong
004 new Condo Guide may 10 - 24, 2014
Make Your Move
Please recycle this magazine! Wall2Wall Media participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.
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PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O.E. RENDERING IS ARTIST’S CONCEPT ONLY.
MAY 10 - 24, 2014 NEW CONDO GUIDE 005
WHERE IN THE EMPIRE DO YOU WANT TO LIVE? EMPIRECOMMUNITIES.COM Celebrating 20 years in the building industry, Empire Communities continues to raise the bar in urban living with a range of iconic communities across the GTA. Markham Rd.
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MAY 10 - 24, 2014 NEW CONDO GUIDE 007
IT’S ALL ABOUT LUXURY, CHOICE & YOU
Incredible choice. Unbeatable offers. Now is the best time to choose a Pemberton Group condominium. From Oakville and Mississauga to Richmond Hill and Toronto, Pemberton offers an array of suite designs and prices to suit your needs. Whether you’re a first-time buyer, moveup family or looking to downsize, you’ll find a condo that is just right for you. Call or visit one of our Sales Centres today and take advantage of exciting, limited time offers.
PEMBERTONGROUP.COM 905.326.4100 Exclusive Listing Brokerage, Circle M Realty Corporation, Brokerage. Brokers Protected. Illustrations are artist’s concept. Prices and specifications are subject to change without notice. E. & O.E.
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MAY 10 - 24, 2014 NEW CONDO GUIDE 009
bild report
Why condos make a good choice for
Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and BILD’s official blog (bildblogs.ca).
T
he facts don’t lie: first-time homebuyers are increasingly choosing the condo lifestyle – for affordability, convenience and other factors. If this describes you, and you’re in the market for a new condo, now is a great time to start your search.
The highrise sector holds 60 per cent of the market share of new homes, whereas a decade ago groundrelated homes outnumbered its condo counterparts three to one 010 new Condo Guide may 10 - 24, 2014
// By bryan tuckey
first-time buyers With the cost of new ground-related homes at a record high and still growing, condominiums have become an affordable option for home ownership, particularly for first-timers looking to take advantage of today’s low interest rates. Prices in the highrise category have declined slightly, but remain stable, and with a constrained rental market, could appeal to potential investors. As the market becomes more competitive, builders are now offering some very appealing incentives to potential purchasers, ranging from maintenance fee exceptions, covering your property tax for a few years or even handing out cash discounts worth tens of thousands of dollars. Following the introduction of the Places to Grow Act, our provincial government has placed a great emphasis on intensification, resulting in a shift in housing type toward higher-density designs. In simpler terms, our industry was asked to build up, not out. This has resulted in an increase in condominium construction, with the highrise sector holding approximately 60 per cent of the market share of new homes. That’s quite different from a decade ago when ground-related homes outnumbered its condo counterparts three to one. New highrise communities in the GTA have been recognized on provincial, national and even international levels through award-winning, world-class design. In addition to employing top local talent, the industry brings renowned Canadian and international architects to the GTA. Best of all, by buying a condo in the GTA, you’re also helping the building and development industry drive the local economy forward. Every crane you see represents between 300 and 500 jobs in new-home construction. In fact, our industry creates more than 200,000 jobs every year and is one of the leading economic engines of the region and province. As we like to say here at BILD, buy new and buy now!
an iconic address takes root
CONDOMINIUMS ON WELLESLEY BETWEEN BAY & YONGE FROM $199,900 It’s time for something different. Introducing 11 Wellesley. It’s a landmark condominium community on a lush and abundant city park, where you can easily connect, thrive, and flourish. Steps to the subway, in the heart of Toronto, on Wellesley between Bay & Yonge, you can coexist with the simplicity of nature. It’s a magnificent refuge that links the electricity of city living with the beauty of a substantial and spectacular park setting. Stunning suites, impressive amenities, and unparalleled views in every direction. Live Well.
REGISTER FOR A PRIORITY PREVIEW AT 11WELLESLEY.COM 416-861-1111 Exclusive Listing Broker Milborne Real Estate Inc. Brokers Protected. Marketing Management by Anne Lambrou Living Visions Inc. Prices and specifi cations subject to change without notice. Illustrations are artist’s concept. E.&O.E.
MAY 10 - 24, 2014 NEW CONDO GUIDE 011
table of contents
May 10 – 24, 2014 volume 18 issue 10
20
Oakville’s Rain Condos for only $500 a month
120
columns, news & features
002 Editor’s note
032 Condo Sense It’s planting time... on your balcony!
118 Quick Tips Tidy up in just a few minutes a day
010 bild report Why condos make a good choice for first-time buyers
034 Taxing Issues Tips for first-time buyers
120 Designer Advice Conceal and reveal
016 Home Sweet Home Lessons learned, the easy way
050 legally speaking Buying your first home, step by step
024 Investor Advice What to expect from the condo market
058 Condo Living Finances 101: Educating the Condo Corporation
028 Condo Pro Condo shopping on-site or online
080 Money Matters Does money buy happiness?
Columnists
by bryan tuckey
by Lydia McNutt
by Andrew la Fleur
by barbara Lawlor
by Don Kearney
by Henry Choo Chong
by jayson Schwarz
by Shlomo Sharon
by Gail Vaz-Oxlade
082 Make Your Move The Grandma Rule rules! by Chuck Resnick
by Hellen Buttigieg
by Yanic Simard
In The News
014 CMHC Report CMHC changes its mortgage insurance product offering 084 BILD Awards Building industry celebrates quality and excellence 096 The Mikey Network The Mikey Network makes $500,000 commitment to place defibrillators in all Peel board schools
94
condo profiles
78 BSäR
12º Queen Street’s 12º lives up to the hype
78
94
Geranium Homes
Pace on Main A new condominium experience in Stouffville
100
100
The Daniels Corp.
Daniels FirstHome Aurora Daniels FirstHome Aurora soon to make a double debut
116
Edenshaw Homes & 45 Charles Ltd.
116
124
102 Two Men and a Truck Two Men and a Truck celebrates corporate store grand opening in Mississauga
046 Purchaser Profile Aspen Ridge’s Studio community smart choice of physician couple
104 Spallacci Group & Valery Homes A century of Canadian luxury reimagined with The Residences of Royal Connaught
052 Builder Profile 10 Minutes with Urban Capital’s David Wex and Mark Reeve
128 Lemine/Devron Developments The Academy Condominiums present a unique opportunity in real estate investment Homebuyers’ Help
030 Marketplace Balcony bliss by Sara Duck
038 Sweetest Suites Liberty Development Corp.’s model suites at Royal Gardens Condos inspire and impress
CHAZ.Yorkville Unbeatable value in Yorkville, and the life you’ve been looking for
054 Finances Saving tips for first-time homebuyers 064 Homebuyers’ Help Top 10 mistakes first-time homebuyers make, and how to avoid them by Marnie Bennett
070 Hot Topic Buying your first home? It’s not just about location anymore by Wayne Karl
074 Mortgage Matters Your first mortgage by Wayne Karl
090 condo watch 905 Previews, new releases and grand openings in the 905 112 condo watch 416 Previews, new releases and grand openings in the 416 114 condo hunter’s Checklist 136 Hot Dates What’s happening in and around the GTA 137 Condo Buyers’ Resource Section You love the home, see what you can afford 142 Index of advertisers
124
VHL Developments
2150 Condos & Haven on the Bluffs
For affordable, chic condo living VHL Developments creates two stylish Scarborough options
in the news
CMHC changes its
mortgage insurance product offering As part of the review of its mortgage loan
insurance business, Canada Mortgage and Housing Corp. (CMHC) is discontinuing its Second Home and Self-Employed Without 3rd Party Income Validation mortgage insurance products effective May 30, 2014. Self-employed Canadians can still qualify for CMHCinsured financing through CMHC homeowner products with a validation of their income using traditional methods.
As is normal practice, complete borrower and property details must be submitted by a lender to CMHC when requesting mortgage loan insurance “CMHC helps Canadians meet their housing needs and contributes to the stability of the housing market and finance system,” says Steven Mennill, senior vicepresident, Insurance. “As part of the review of its mortgage loan insurance business, CMHC is evaluating its products and services to ensure they are aligned with these objectives.” As a result of changes to CMHC’s mandate to contribute to the stability of the housing market, benefitting all Canadians, while effectively managing and reducing taxpayers’ exposure to risk, CMHC is undertaking a review of its mortgage loan insurance business. This is the first set of changes resulting from this review. CMHC Second Home and Self-Employed Without 3rd Party Income Validation will remain available for new mortgage loan insurance requests submitted to CMHC before May 30, 2014, regardless of the closing date of the home purchase. As is normal practice, complete borrower and property details must be submitted by a lender to CMHC when requesting mortgage loan insurance. 014 new Condo Guide may 10 - 24, 2014
Combined, CMHC Second Home and Self-Employed Without 3rd Party Income Validation account for less than three per cent of CMHC’s insured business volumes in units. Given the limited use of these products, their discontinuation is not expected to have a material impact on the housing market. As Canada’s national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable housing solutions that will continue to create vibrant and healthy communities and cities across the country.
GO NORTH and discover how Daniels is making it easier than ever to live the High Park lifestyle! INCREDIBLE CASH INCENTIVES*
WHERE MODERN URBAN MEETS MOTHER NATURE
FREE PARKING AND LOCKER* LIVE FREE WITH NO INTERIM
Sophisticated Suite Finishes • Dog Spa OCCUPANCY FEES* Unique Resident Bike Program • Gardening Plots Indoor/Outdoor Fitness Studio • Climbing Wall ONE YEAR FREE MAINTENANCE* Party Room with Outdoor Terrace and View of High Park and Beyond • Quick and Easy Access SUITES FROM THE to Two Subway Stations and Much More
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ER ND Y U TI O N D A UC RE R AL N ST CO
Visit our Presentation Centre: 2150 Bloor Street West Hours: Mon, Tues & Thurs: 12-6pm Wed: 12-8pm Sat, Sun & Holidays: 12-5pm Friday: closed
Nestled within one of Toronto’s most desirable neighbourhoods, steps to 399 acres of nature in High Park and the boutique shops and restaurants in Bloor West Village. HighPark Condominiums is one of the most successful selling communities in the GTA.
DON’T WAIT ANSWER THE CALL OF THE NORTH 416.351.1844 danielshighpark.com
GO NORTH and become part of the success.
*GO NORTH program is only available on north facing suites. No interim occupancy fees up to a maximum of 6 months. Parking and locker incentive only available on suites over 535 sq. ft. Limited time offer. Conditions apply. See sales representative for full details. Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers Protected. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept.. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without written permission of The Daniels Corporation, is strictly prohibited. See Sales Representative for full details. E. & O.E
MAY 10 - 24, 2014 NEW CONDO GUIDE 015
home sweet home
Lessons learned,
// by Lydia McNutt
the easy way ›› In the “dog house.” My family’s beloved yellow Lab, Fred, holds a special place in our hearts, but I know not everyone feels the same way about house pets. Some people have allergies, some have phobias, and others just don’t care for them. My husband and I visited an open house with a pretty living room, a renovated and updated kitchen, and a large garage – perfect! But wait, what’s that noise? A pair of howling dogs crated in the garage were making their presence known to everyone who walked through that front door, and probably everyone within a five-mile radius! After enduring 10 minutes of incessant barking, we couldn’t get out of there fast enough.
Lydia McNutt is an award-winning writer and editor of New Condo Guide. Lydia’s love of architecture, interior design and the written word have landed her happily at home at Wall2Wall Media, where real estate rules. Email Lydia.McNutt@wall2wallmedia.com, and follow her on Twitter @LydiasTweets
I
n my 10 years as an editor of real estate publications, I have picked up a few things. Get pre-approved for a mortgage. Don’t buy beyond your means. Choose your location wisely. I’ve read this same advice time and time again, reiterated by various columnists. I’ve even written a few articles myself on these subjects. But when it comes to learning, nothing beats first-hand experience. Having recently bought and sold a home, one thing I’ve discovered is that it’s always better to learn from someone else’s mistakes rather than your own. In our hunt for a home, my husband and I came across some interesting scenarios worth sharing. With a whole year of open houses under our belts before putting our own house on the market, we quickly learned how not to attract buyers. 016 new Condo Guide may 10 - 24, 2014
Lesson learned Before opening your home to potential buyers,
neutralize it of anything questionable. This includes the lingering aroma of last night’s fish fry, the remnants of that do-it-yourself cheese-making experiment and every indication of pets. Even seemingly insignificant things can be enough to influence a prospective homebuyer’s decision – consciously or subconsciously. When in doubt, take it out.
›› Our home is your home? It’s not mandatory that the sellers vacate the home for an open house, but it’s a good idea. You’ve heard that prospective buyers can have difficulties picturing themselves living in your house if they see your family photos on display. Well, that goes double for seeing you in the flesh. We went to an open house and there were the homeowners, drinking coffee with their feet up in their living room – not ours. We felt like intruders. Lesson learned Typically an open house lasts for only about two hours. Go for a walk, go out for lunch, go to the grocery store. Just go!
›› Dumping ground I actually went to an open house where I found a filthy toilet brush, dirty rags and a slop bucket stashed in the shower. Unfortunately for the sellers, this shower was enclosed in glass and thus, a very poor hiding place. “Gross,” I thought. I didn’t need to see any more. Speaking of “dumps,” there’s a house in my neighbourhood that has been on the market for more than a year. It’s not a bad looking house, so what’s the problem? Maybe it’s the slightly high asking price, or perhaps its lack of saleability has something to do with the totalled car parked in the driveway, dripping oil, its bumper dangling by a thread. Lesson learned A first impression is the only impression. Don’t waste this opportunity by showing your home in a less-than-perfect light.
While this all seems like common sense, some people don’t have it. The funny thing about these three scenarios is, the homeowners were all represented by selling agents who likely advised them on best practices. Do yourself a favour – follow professional advice, and learn by example. Before having your own open house, visit as many as you can, take note of what you liked about them, and what you didn’t. Then, learn from other people’s mistakes – not your own!
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Riva makes waves Private, personal boutique chic on the Humber Bay Shore’s waterfront. You’re one of a kind, not one of the crowd. That’s what Riva del Lago is all about. A more personal experience; right on the waterfront. Visit today. Because Riva is not like the rest. Waterfront Boutique Condos Now Open from the $300,000’s*
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SALES CENTRE HOURS: Mon.-Thurs. 12pm – 6pm, Weekends & Holidays 12pm – 5pm, Closed on Fridays
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MonarchGroup.net *Prices, specifications and promotions are subject to change without notice. Rendering is artists’ concept and image is for mood and impression only. E.&O.E.
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Actual Vignette Model from the Sales Office
Black-tie living in an urban masterpiece Experience the epitome of downtown luxury. Feel the pulse of the Entertainment District. Surrounded by theatre and restaurants. Live a stroll from the city’s hippest clubs. This is Picasso on Richmond. An artful expression of style. Now under construction at the heart of the Entertainment District. Downtown Toronto Condos from the $400,000s*
NEW PURCHASER INCENTIVES!
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Queen St.
BUILDING LOCATION Richmond St. W.
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N
SALES CENTRE
PICASSO SALES CENTRE 256 Queen St. W. Toronto, ON M5V 1Z8 Tel: 416.495.3549 SALES CENTRE HOURS: Mon. – Thurs. 12pm – 6pm Weekends & Holidays 12pm – 5pm, Closed Fridays
first.
MONARCH COMMUNITIES ETOBICOKE WATERFRONT | RIVA DEL LAGO | NOW OPEN | FROM THE $300’s Sales Centre located at 2167 Lake Shore Blvd. W. 416-495-3544
ETOBICOKE WATERFRONT | LAGO | UNDER CONSTRUCTION | FROM $219,990 Sales Centre located at 2167 Lake Shore Blvd. W. 416-495-3544
ETOBICOKE WATERFRONT | WATERSCAPES | UNDER CONSTRUCTION | FROM $399,990 Sales Centre located at 2167 Lake Shore Blvd. W. 416-495-3544
THE KINGSWAY | EPICUREAN | NOW OPEN | FROM $241,990 Sales Centre located at 4195 Dundas St. W. Entrance on Prince Edward Dr. 416-495-3530
MARKHAM | GARDEN COURT | UNDER CONSTRUCTION | FROM THE $400’s Appointment Only 416-495-3595
DOWNTOWN TORONTO | PICASSO | UNDER CONSTRUCTION | FROM THE $400’s Sales Centre located at 256 Queen St. W. 416-495-3549
SALES CENTRE HOURS: Mon.- Thurs. 12pm - 6pm, Weekend & Holidays 12pm - 5pm, Closed Fridays
discover more
MonarchGroup.net Prices, specifications and promotions are subject to change without notice. E.&O.E. 10686
first.
MAY 10 - 24, 2014 NEW CONDO GUIDE 017
SPECIAL SUITE OF THE MONTH PROMOTION
2 BEDROOM SOUTHAMPTON SUITE 1137 SQ. FT. *In addition to the current promotion
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30 OLD MILL ROAD, TORONTO MONDAY - WEDNESDAY: 12PM - 6PM SATURDAY & SUNDAY: 12PM – 5PM, THURSDAY, FRIDAY & HOLIDAYS: CLOSED
BLOOR STREET WEST
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416 766-7343 www.riverhousecondos.ca D *Deposit structure: $5000 theMILL offer, balance to 5% in 30 days, balance to 20% on occupancy. SOUTHAMPTON OLD INN OL with AND NOTTINGHAM ONLY, BALANCE TO 10% ON OCCUPANCY. ** Free Upgrades may vary depending on suite plan. (Suite 102 and 104 do not have gas hook up for fireplace and cook top). All promotions may be changed and/or BLOOR STREET WEST cancelled at any time without notice. Prices and specifications subject to change without notice. *Please speak to Sales Representative for full details. Exclusive Listing Broker Milborne Real Estate Inc. Brokers Protected. Marketing Management by Anne Lambrou Living Visions Inc. Prices and specifications subject to change without notice. Promotions may be changed and/or cancelled at any time without notice. Illustrations are artist’s concept. E.&O.E.
018 NEW CONDO GUIDE MAY 10 - 24, 2014
NOW UNDER CONSTRUCTION
Condominium Residences at Yonge and Eglinton Direct subway access - Starting from the $300’s
ECONDOS.CA Presentation Office located at 2300 Yonge Street, Lobby - 416.243.8688
Prices and specifications are subject to change without notice. E. & O.E.
@BazisInc MAY 10 - 24, 2014 NEW CONDO GUIDE 019
cover story
Oakville’s Dynamic
Rain Condos for Only $500 a Month Spring has sprung and Rain Condos has brought an exciting
new opportunity for purchasers that will make owning a new condo in the heart of Oakville much easier. With The $500 a Month Home Ownership Event, purchasers will pay just $5,000 down and $500 a month for 18 months and the balance of 15 per cent on occupancy to call the desirable Oakville Rain Condos “home.” It’s an attractive payment plan that real estate investors and first-time buyers will no doubt welcome. “At Empire, we are constantly looking for ways to make purchasing a new home or condominium that
020 new Condo Guide may 10 - 24, 2014
much more attainable,” says Paul Golini, Executive Vice-President of Empire Communities. “We believe this program can help make the difference between being able to purchase a new home and having to wait a few years longer.”
Prices at Rain Condos start from the $200’s
Designed by architects Enzo Corazza and John Chimienti, from the award-winning firm Graziani + Corazza, Rain Condos offers purchasers a variety of different suite types from one-bedroom homes to spacious two-bedroomplus-dens, each designed and finished with Empire’s high level of craftsmanship in addition to contemporary styles, detailing and materials. Visitors to the presentation centre will welcome the opportunity to walk through the Bryon Patton-designed model suite where they can see, touch and experience the gorgeous interiors, the flowing spaces, the vibrant colour palette and imagine the possibilities. Currently under construction, Rain Condos is located in the heart of Oakville on the northeast corner of Kerr Street and Speers Road. Rain is an elegant two-tower masterplanned community that will become the northern gateway to the vibrant and revitalized Kerr Village. Prices at Rain Condos start from the $200’s.
Amenities at Rain Condos epitomize the benefits of a carefree lifestyle residents enjoy with condominium living, and include a 24-hour concierge, indoor pool, exercise room, and a yoga and pilates studio. Residents at Rain Condos will enjoy entertaining their guests in the beautiful party room in rich wood tones highlighted by a soothing linear fireplace. There is a full kitchen and private dining area, and a landscaped rooftop terrace complete with privacy cabanas, a barbecue and seating areas. In addition, there is an entertainment room, perfect for meeting with friends or just relaxing after a long day’s work. Located a short distance to Oakville’s sophisticated downtown core and its quaint waterfront Village of Bronte, residents at Rain will enjoy everything from luxury brand-name fashions and one-of-a-kind antiques to fine dining establishments, charming cafes and grocery store. About Empire Communities
Vaughan-based Empire Communities (empirecommunities.com) is a residential builder and developer involved in all sectors of the new-home building industry, including both lowrise and highrise and ranging from luxury to affordable housing. Empire Communities has an established tradition of creating prestigious, award-winning new homes, communities and amenities and has earned a reputation for outstanding attention to detail and customer service. To learn more about all that life at Rain has to offer or the $500 a Month Home Ownership Event, please speak to a Sales Representative or visit the designer-decorated model suite at the presentation gallery at 521 Kerr St., visit RainCondos.com or call 905.845.RAIN (7246). Presentation centre hours are from Monday to Friday, noon to 6 p.m.; Saturday, Sunday and holidays, noon to 5 p.m.
may 10 - 24, 2014 new Condo Guide 021
Great Gulf. Choose greatly.
ACROSS FROM SHERWAY GARDENS. MOVE IN TODAY WITH UP TO $20,000 CASH BACK.
Suites from the
$220,000s
Sales Centre 225 Sherway Gardens Rd. 416.695.3535 onesherway.com
LIVE ON TORONTO’S NEW BLUE EDGE, THE CIT Y’S NEXT GREAT WATERFRONT COMMUNIT Y. Sales Centre 291 Lakeshore Blvd E 416.466.8885 mondecondominiums.com
Suites from the
$330,000s
A NEW L ANDMARK IS UNDER CONSTRUCTION. CANADA’S MOST CONNECTED CORNER.
Suites from
$549,990
Sales Centre 33 Bloor St. E 416.922.0081 onebloor.com
Coming soon. 022 NEW CONDO GUIDE MAY 10 - 24, 2014
Condos at King & Parliament. Coming Spring 2014. Urban Towns in Queen West. Coming Spring 2014.
LIVE AT YONGE AND RICHMOND. CIT Y, TOWER AND LOMBARD SUITES AVAIL ABLE. Sales Centre 26 Lombard St. 416.499.8883 yongeandrich.com
Suites from the
$280,000s
UP TO $10,000 OFF SELECT SUITES. MOVE IN THIS YEAR! THE CORNER OF JARVIS AND CHARLES.
Suites from
$479,990
Sales Centre 33 Bloor St. E 416.927.0080 x2condos.com
FABULOUSLY ST YLISH CONDOMINIUMS AT KING & CHARLOTTE. MOVE IN THIS YEAR! By Appointment 416.927.9772 charliecondos.com
Suites from
$969,990
PHASE 3 FINAL RELEASE ON SALE NOW. BOUTIQUE CONDO LIVING AT WINSTON CHURCHILL AND EGLINTON.
Suites from the
$220,000s
Sales Centre 4635 Metcalfe Avenue 905.828.4257 hotcondominiums.com
For more information, register at greatgulf.com/comingsoon
MAY 10 - 24, 2014 NEW CONDO GUIDE 023
investor advice
// by andrew la fleur
What to expect from the Condo market 1. More new launches Last year turned out in many ways to be a much better than expected for the new condo market. Many of the so called “experts” were saying at this time last year that 2013 was going to be an absolutely dismal year for new condo sales. It turns out that it was actually a pretty good year, and the past few months in particular have shown that large condo buildings can still sell out quickly if the conditions are right. Developers that I speak to every day are feeling much more confident and ready to launch many exciting new projects this spring. Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto Condo Market. Visit TrueCondos.com/NewCondoGuide for a free gift. Contact Andrew at 416.371.2333 or andrew@truecondos.com
I
t’s an exciting time for condo investors in the Greater Toronto Area. In the midst of the typically busy spring market, here’s what I see sprouting in the 2014 condo landscape:
024 new Condo Guide may 10 - 24, 2014
2. Competitive pricing The condo projects that did extremely well and sold the most number of units in 2013 were those that priced their product in line or below that of equivalent resale. The projects that languished the most in 2013 were mostly those whose pricing was more in line with the record-breaking days of 2012 where investors were willing to pay large premiums above current resale values to get into pre-construction sites. Now far removed from those crazy days of 2012, developers have for the most part realized that if they offer truly great value to investors, they will buy. If investors don’t clearly see the value equation, they are passing over sites completely – especially those in “B” locations. 3. Re-launching existing projects Some of the projects that did not sell well in 2013 will likely re-launch under new names or with new branding and with new pricing/incentives. As long as the value is there for investors, these projects will still perform well. Investors don’t care if it’s called XYZ Condos or ABC Condos, as long as they see the potential for a good return on their investment dollar they are happy.
MAY 10 - 24, 2014 NEW CONDO GUIDE 025
2LEASEBACK BEDROOM PROGRAM $3,000/MONTH FOR 2 YEARS
$15,000 CASHBACK
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PRESENTATION CENTRE
373 King Street West, Suite 302 T o r o n t o , ON M 5V 1J6 T e l : 4 1 6 - 546- 7525 E: i n f o @ i n vent orybout i q ue.com
OPENING HOURS M o n da y t o Th urs d a y 12pm-6pm S a t u r da y & S und a y 12pm-5pm Cl o s e d F r i d a y
MAY 10 - 24, 2014 NEW CONDO GUIDE 027
condo pro
// by barbara lawlor
Condo on-site shopping or online
Barbara Lawlor is president of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condominium developments in the GTA and overseas.
Y
ou can find anything on the Internet these days – even your new home! At least, you can do a lot of your shopping for just the right condominium without ever leaving your computer chair. And what a luxury that is! The Internet is one of the most powerful research tools we have in the industry. Anyone thinking of purchasing a suite in a new building can save a lot of time and footwork by doing their electronic “homework” first. Before you walk into a sales office, you can learn a lot about a builder, municipality, community and condominium online. There’s a certain appeal to being able to sit in your pajamas and check out builder
028 new Condo Guide may 10 - 24, 2014
websites, print off floor plans of interest, and look at what features and finishes are offered. Websites are a critical marketing tool for builders too, so they are devoting a great deal of time and effort into making their sites attractive, information packed and easily accessible. By researching on the Internet first, you can shop without feeling any pressure or distractions, and you can streamline your questions when you visit sales offices to make the most of your time with the sales representatives. Nowadays, pretty much across the board, visitors to sales offices have already been to the builders’ websites and know a lot about the buildings, as well as the builders. People like to feel confident about whom they are purchasing from. You can check the Building Industry and Land Development Association website, too, as well as Tarion. Find out everything you can about your rights as a new-home buyer. And builder websites offer so much more. Check out features and finishes, and things like construction progress. It’s amazing what can be put online now, including videos of construction milestones and even virtual walkthroughs of spectacular suites. Some sites enable you to enter the location you’re interested in, the type of condo suite and price range, and obtain information on the buildings that fit your criteria. It’s so handy. With the vast assortment of online resources at their fingertips, people can envision their lives in specific suites, right down to how they might decorate and furnish them. In short, the Internet is now a preferred method for people to pre-qualify themselves as condominium buyers. Of course, nothing replaces the tactile experience of entering a sales centre and touring a model suite – but remember that because of technology, the world is getting smaller by the minute. Computer technology is so sophisticated now, that it’s the next best thing to being there in person. As for the buildings themselves, web users appreciate fly-bys. A lot of builders are creating these virtual 3D renderings of the condominium within the context of its surroundings, including the circumference of the building itself. For the computer user, the experience is like flying – swooping past the exterior and into the lobby, amenity areas and suites. Visitors can enjoy this virtual experience sitting at their home computers. And of course, potential purchasers can ask questions and obtain further information by e-mail or phone. The purchase of a condominium suite will be one of the largest financial investments you ever make. Use every tool at your disposal to help you choose just the right suite and get the most for your money. Sometimes the Internet is criticized for being impersonal, but all these fabulous advances in technology have made condominium shopping there more personal than ever before. Let’s face it – you can’t get more personal than shopping in your pj’s!
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SUITES FROM
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*The First Home Boost Program is only available on a limited number of suites. Conditions apply. Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artists concepts. Prices and specifications are subject to change without notice. E.&O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited.
%
DOWN
Marketplace
Balcony bliss
Transform your balcony into a chic warm-weather retreat with these outdoor essentials. // by Sara Duck
Kayak Side Plate. $6 Visit eq3.com
Colour-Blocked Ceramic Birdhouse. $20. homesense.ca
Debossed Pitcher. $9. Debossed Hiball. $3.
Visit presidentschoice.ca
030 new Condo Guide may 10 - 24, 2014
Cushion from Citrus Collection. $15. Visit bouclair.com
Superbells in Lemon Slice by Proven Winners. Starting from $5.
Sunasan Bed. $880.
Watering Cans. $23 to $37.
Round Solid Teak Wood Stool. $229.
Bali Collection Bistro Set. $150.
Visit pier1.ca
Visit eq3.com
Visit homedepot.ca
Visit crateandbarrel.ca
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NEW PRICING FROM THE $300’S ONLY 5% DEPOSIT UP TO $20,000 CASHBACK NEW FLOORPLAN RELEASE 10-FT CEILINGS AND ALL THAT CHAZ.
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Yorkville living at Chaz.Yorkville sets the bar high! What do you want to get out of city living? An optimum location. A beautiful way to offer hospitality to all your friends and family at once. Hotel style without hotel prices. Purpose-designed places to stay well, stay fit, and stay energized without leaving the comfort of home. Membership in a private club that will take your breath away. A subway network and the whole city just minutes away. Shopping, dining, and cultural options that are simply dazzling, both in quality and in quantity. The best of downtown is your own back yard.
Sales Centre
Dupont St.
Bloor St.
Church St.
Avenue Rd.
Yorkville Ave.
45 Charles St. E. Yonge St.
Bay St.
U of T
Isabella St.
Wellesley St.
VISIT THE SALES CENTRE TODAY! CHAZYORKVILLE.COM | 416.922.0045 SALES CENTRE LOCATED AT 101 YORKVILLE AVE. SITE LOCATED AT 45 CHARLES ST. EAST MON. – THURS. & SAT. – SUN.: 12PM – 6PM, FRI.: 2PM – 6PM, STATUTORY HOLIDAYS: OPEN EXCLUSIVE BROKER BAKER REAL ESTATE INC. BROKERS PROTECTED. *SPEAK TO A SALES REPRESENTATIVE FOR MORE DETAILS. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST CONCEPT. E&O.E.
MAY 10 - 24, 2014 NEW CONDO GUIDE 031
condo sense
// by don kearney
It’s planting time... on your balcony!
Don Kearney is manager of customer communications and social media at Menkes Developments Ltd. Follow Menkes on Facebook at facebook.com/MenkesLife, and on Twitter at twitter.com/MenkesLife
I
f you live in a condominium that has plenty of greenspace, it may be enough to satisfy your need for green, yet if you love gardening but feel like condo living may not provide you with that outlet, it’s time to rethink your balcony space and turn it into a lush and useful garden to call your own.
032
One of the first considerations before starting a balcony garden will be to decide what kind of garden you’d like to grow. If you’re someone who loves colour, flowers are the way to go. If you want a serene setting, grasses and succulents are your best bet. Are you an avid chef? If so, there are many herbs and spices that grow well in containers. The other major factor to consider before planting is the amount of sunlight your balcony receives. This can dramatically affect what you can plant in your outdoor space. Finally, it’s also a good idea to check with your property manager regarding your condominium’s rules and regulations about what kinds of containers are acceptable for use on your balcony. There is an array of flowers to suit any colour palette and sun/shade combination. Full sun generally means more than six hours per day and flowers like ornamental peppers, marigolds and cupflower are great sun worshipers that often resist fading. For shade flowers, impatients, fuchsia, begonias or browallia will add colour without the need for hours of direct sunlight. Additionally, many of the above-mentioned flowers are also suitable for partial shade (less than six hours of sunlight) and all grow well in pots or planters.
If you love gardening but feel like condo living may not provide you with that outlet, it’s time to rethink your balcony space and turn it into a lush and useful garden to call your own To create a serene space, ornamental grasses and succulents, mixed with appropriate furniture and accented ornaments, are often used with a great degree of success. In addition, succulents such as aloe or jade plants require very little care and minimal watering, making them the ideal plant if you don’t have an exceptional green thumb. Feather reedgrass, blue oatgrass and zebragrass grow well in the sun whereas purple moorgrass, blue fescue and purple millet do better in partial shade. Growing your own herbs on your balcony will add zest to your cooking many do well in container gardens. Mint is a great container herb as it tends to overrun a garden if not contained. Basil, tarragon, lavender, oregano, thyme and rosemary all do well in full sun with chives, cilantro (coriander) and lemon balm being tolerant of partial shade. Now is the time of year to think about what kind of container garden you want and prepare yourself for a summer of colour, Zen relaxation or delicious herbs, all from the comfort of your own balcony garden.
Single entry lounge pass starting from $33.25 tax inclusive ($24.50 children ages 2 – 11) for 2 hours lounge use. 3 hour and 6 hour lounge use also available** ** Online bookings only; higher rates apply for walk-in lounge use
All amenities are included in the price of entry including bar service after 11:00 a.m. (Toronto, Vancouver) and 10:00 a.m. (Edmonton)
For online bookings go to www.plaza-network.com/booking/FlightInfo.aspx?ECONREF=W2W2014
taxing issues
// By henry choo chong
tips for first-time buyers A
Buying a home to live in as your primary residence continues to be one of the best investments over the long haul. The sale of a family’s principal residence is tax exempt, and will always be a great investment over the long term. We all have to live somewhere! It makes economic sense to make monthly payments to your own home rather than fatten a landlord’s pockets. First-time buyers, should consider the following:
Henry Choo Chong is a certified general accountant. He sits on many committees and provides accounting and tax services to individuals and businesses in the GTA. He can be reached at 416.485.5225. Questions to Taxing Issues can be emailed to choochonghcga@yahoo.ca
The opinions and views expressed herein are those of the author and not those of New Condo Guide. New Condo Guide does not necessarily endorse or encourage any specific tax strategies. Please consult a tax professional for advice specific to your particular situation.
Q
We would like to buy our first condo within the next several months. Our plan is to save a little more and buy a larger place. We have approximately five per cent for a down payment and about $1,500 set aside for closing costs. Is this a good time to buy? Shelley and Chris, Toronto
034 new Condo Guide may 10 - 24, 2014
›› Determine what you can afford and stick to that price. Too often, first-time buyers are shown several homes and the only one they desire happens to be thousands of dollars over budget. ›› Shop and negotiate with several financial institutions for the best mortgage interest rate, terms and conditions. You may be surprised at how competitive banks are for your mortgage business. ›› Set a formal plan to help save for your first home. Sit down, plan steps necessary to achieve your goals, and follow through. Goals can be achieved using three easy steps: discipline, discipline and more discipline. ›› Improve and maintain your credit rating by paying all your bills on time. A one-day-late payment is still considered late. This could influence your negotiating power for the best mortgage. ›› First-time homebuyers should make sure monthly mortgage payments are manageable and will continue to be so, even if interest rates rise in the next several years and payments increase. ›› Put down as much as possible to avoid taking out a high-ratio mortgage that incurs additional costs and interest. A five-per-cent down payment on your condo leaves little equity. Consider waiting until you have a larger down payment. ›› Set aside an additional two to three per cent of the purchase price of the condo for closing costs such as legal fees and disbursements, moving cost and other incidentals. An amount of $1,500 will not be sufficient for closing costs and you will have problems on closing day. Speak to a lawyer and he or she can give you the heads up on what to expect. ›› T ake advantage of the first-time Home Buyers’ Plan. An individual and their spouse, provided they qualify, may withdraw up to $25,000 tax-free each from their RRSPs. You will have 15 years to repay the amounts to your RRSP, starting after the second year of your withdrawal. Follow the real estate market trends and buy when you are ready, not when the market is ready for you.
URBAN SUITES AT WORLD ON YONGE
OCCUPYING THIS FALL Over 30,000 square feet of Amenity Space awaits you…
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Choose from suites overlooking the Green Roof Terrace, a new Meadowview Park or the Landscaped Courtyard. Visit us today at 7181 Yonge St., Unit 60 (just north of Steeles).
WorldOnYonge.ca | 905-771-7010 *As per price list. Limited time offer. Offer based on a select number of units. Price, information and program subject to change without notice. For qualified buyers on approved credit. All renderings are artist’s concept. Prices, specifications and availability subject to change without notice. E&O.E. Brokers protected. See Sales Representative for details.
MyLibertyCondo.ca MAY 10 - 24, 2014 NEW CONDO GUIDE 035
PUT DOWN A
$5,000 DEPOSIT
CHOOSE WESTON RD. & HWY. 7 FROM THE $280’s 905-851-8877
www.MyLibertyCondo.ca 036 NEW CONDO GUIDE MAY 10 - 24, 2014
FREEDOM
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BATHURST & CENTRE ST. FROM THE $280’s 905-731-8302 * Limited Time Only. 24 month program for Legacy Park. 36 month program for Centro Square. See Sales Representative for complete program details. All renderings are artist concept. Prices, specifications, and availability subject to change without notice. E. & O.E. Brokers protected.
MAY 10 - 24, 2014 NEW CONDO GUIDE 037
Sweetest Suites
Fresh Inspiration
Liberty Development Corp.’s model suites at Royal Gardens Condos inspire & impress
Liberty’s Royal Gardens Condos has quickly became one of Richmond Hill’s most successful master planned communities. Condo buyers have responded to Royal Gardens’ striking design, efficient suite layouts, exquisite finishes, dynamic amenities, and industry-leading
Designed by Kirkor Architects and finished by Liberty’s professional design team, suites at Royal Gardens Condos are large and liveable. The kitchens in the model suite feature granite countertops, European-style cabinets and stainless steel appliances.
038 new Condo Guide may 10 - 24, 2014
commitment to sustainable development. Buyers have also responded to the community’s prime location, in the heart of Richmond Hill, along Hwy. 7 near Hwy. 404. Now built and occupying, Royal Gardens Condos has a selection of prime suites available.
Condo buyers have responded to Royal Gardens Condos’ striking design, efficient suite layouts, exquisite finishes, dynamic amenities, and industryleading commitment to sustainable development may 10 - 24, 2014 new Condo Guide 039
The elegantly designed bedroom (below) offers plenty of space to unwind after a long day. The sumptuous bathroom shown in the model suite (left) showcases a cultured marble vanity with a large mirror.
Now built and occupying, there’s a perception that those who didn’t get in yet to this iconic Richmond Hill master planned community have missed the opportunity. But that’s not correct. In fact, Liberty has held back an array of prime suites, giving buyers one last chance to live at Royal Gardens Condos. “Anyone who wants to experience the amazing suite designs first hand, or get familiar with the area and its schools, community centres, shopping destinations, or restaurants, should visit our Model Suites and talk with our sales team,” says Liberty’s Sales and Marketing Manager, Shawn Richardson.
040 new Condo Guide may 10 - 24, 2014
“ Determined to deliver high design in a functional way, suites at Royal Gardens Condos offer today’s buyer a classic, yet contemporary aesthetic,” says Brent Zavitski, Liberty’s Interior Designer. “The suites are warm and inviting. The material palette boasts reflective and high-shine finishes, creating a bright suite that captures the light.” For more information on Royal Gardens Condos, visit the sales centre at 370 Hwy. 7 E, Unit 113, open Monday to Wednesday from noon to 7 p.m.; closed Thursday and Friday; open weekends and holidays from noon to 6 p.m. Call 905.889.9997 or email info@royalgardenscondos.ca.
O T N W O D T N U O C R U O Y T R STA
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M ID $2 00 ,0 00 s SU IT ES FR OM TH E NY2 Sales Centre 18 Rean Drive, Suite 211 HOURS: Mon., Tues. & Thurs: 12pm - 6pm Wednesday: 12pm - 8pm Saturday & Sunday: 12pm - 5pm Friday: Closed
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NY2CONDOS.COM Model photography may vary from actual Model Suites Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers Protected. *Daniels’ Rent-To-Own Program is only available on a select number of suites. **Metropass is only available on select suites. See Sales representative for full details. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept. E. & O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without written permission of The Daniels Corporation, is strictly prohibited. See Sales Representative for full details.
MAY 10 - 24, 2014 NEW CONDO GUIDE 041
Now you can view all New Condo Guide magazines online using any smartphone, tablet or desktop device.
VIEW OUR MAGAZINES ON ANY
DIGITAL DEVICE anytime, anywhere! Published by
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Adelaide St. W John St.
DON’T WAIT, ACT NOW!
SUITES FROM THE MID $400,000s
Widmer St.
PLUS, BUY WITH 5% DOWN AND $0 CLOSING COSTS**
Peter St.
VIEW OUR FULLY FURNISHED MODEL SUITE AND SPECTACULAR AMENITIES!
King St. W
VISIT OUR NEW SALES OFFICE TODAY! 21 Widmer Street, Suite 1306 HOURS: Mon and Tues: 12-6pm Wed: 12-8pm Thurs and Fri: Closed Sat and Sun: 12-5pm *Limited time offer conditions apply. See Sales Representative for full details. **Some exceptions apply. Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers Protected. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept. E. & O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without written permission of The Daniels Corporation, is strictly prohibited.
044
045
Purchaser Profile
ASPEN RIDGE’S STUDIO COMMUNITY
smart choice of physician couple
Andrei and Galina Arvinte live in Niagara Falls and travel to Toronto frequently. When they purchased a suite at Aspen Ridge’s successful Studio condo community, they bought with the future in mind. “Our teenage daughter, Cassidy, will likely pursue post-secondary education in Toronto,” Andrei says, “and she could live in the suite while she attends school. Until then, we can use it as an investment property or a pied-à-terre when we’re in the city, especially if I need to come to Toronto to work in the hospitals along University Avenue. The suite will eventually be a retirement residence.” The Arvintes are physicians who, along with their daughter, love Toronto. “The Studio on Richmond community is in a wonderful location,” Andrei says. “It’s right between the city’s Cultural and Financial Districts. We enjoy attending events at the Royal Alexandra Theatre and the Four Seasons Centre for the Performing Arts, and we can walk to those from the condominium, as well as the convention centre, CN Tower and the lake. Location was definitely at the top of our list when it came to our purchase decision.” Now well under construction south of Richmond on Duncan, the Studio community is just south of OCAD University and the Art Gallery of Ontario. Within a few minutes, residents can access the King and Queen subway, the PATH system, and hundreds of restaurants, galleries, museums and lounges. This sought-after area is being referred to as Toronto’s “New Yorkville.” Andrei says they “discovered” Studio when they were in 046 new Condo Guide mar 29 - apr 12, 2014
Toronto for a medical convention. “While strolling around, we saw the signs for the condo. We spent the day visiting condominium presentation centres so we could make an educated decision.” Originally, the Arvintes purchased a two-bedroom suite in Studio2, but changed their minds to a 946-sq.-ft. Sky Suite in Studio1, “because of the larger living space and the third bedroom, which we can use as a guest room or office. In addition to more flexibility, this suite is located on a much higher floor and will have spectacular city views.” Andrei, Galina and Cassidy are looking forward to having the 8,000-sq.-ft. space that will be available for use by OCAD U as an art gallery right in their building. They are also impressed with the Mike Niven Interior Designappointed amenities. The condo’s “WE” facilities include a media lounge, party room, billiards room and dining room with kitchen; and “ME” amenities encompass a steam room and hot tub to the Yoga Lounge, Winter Lounge and exercise facilities with floor-to-ceiling mirrors and massive windows. Andrei adds that Aspen Ridge was accommodating when it came to making some requested changes in the suite design. “Our purchase experience has been wonderful. The sales representative was attentive, honest and promised what she knew Aspen Ridge could deliver on. Everything was professional and straightforward. She helped us so much that we remain friends to this day.” The suites in both Studio and Studio2 offer luxurious appointments such as kitchens with Miele appliances, the choice of granite or CaesarStone countertops, ceramic backsplash and Hansgrohe faucets; the choice of Torlys engineered wood floor or Torlys Smart Floor; nine-ft. ceilings; a deep soaker tub; and a balcony or terrace (as per plan). Choices range in size from 592 to 1,357 sq. ft. and start from $367,990. For a limited time, you can purchase with just five per cent down and get one year of free maintenance. Move-ins are slated for 2015. Visit the Mike Niven-appointed Studio presentation centre and model suite at 25 Nelson St., open every day except Friday, from noon to 6 p.m. Call 647.35ASPEN (647.352.7736) or visit STUDIOcondos.ca.
LIVE AT STUDIO BE DOWNTOWN SUITES FROM THE
300’S
$
5%
UNDER CONSTRUCTION EARLY 2015 CLOSINGS
UNDER CONSTRUCTION EARLY 2015 CLOSINGS
DOWN PLUS
ONE YEAR FREE
MAINTENANCE FEE OFFER VALID ON ALL REMAINING SUITES.
Nelson St.
University Ave.
Simcoe St.
Duncan St.
Spadina St.
Richmond St.
PRESENTATION CENTRE
Adelaide St.
Presentation Centre: 25 Nelson Street, Toronto Mon. – Thurs.: 1pm – 7pm, Fridays: Closed Sat., Sun. & Holidays: 12pm – 6pm
Brokers Protected, Limited Time offer. See Sales Rep for full details. Prices, Specifications and programs are subject to change without notice. Illustrations are artists concept. E & O.E. *Provided the purchaser completes the transaction on the contemplated unit transfer date the purchaser shall receive a credit on the statement of adjustment in the amount equal to 12 monthly common expense fees relating to the unit and any parking or storage applicable. Deposit 5% down and 10% due on occupancy.
studiocondos.ca • 647.352.7736
IT’S BACK. DON’T MISS OUT.
E-A-S-Y
THE OWNERSHIP PROGRAM:
CAN YOU AFFORD TO BUY AT THE STATION? YES YOU CAN!
These days, with rent on a 2-bedroom apartment in Toronto reaching $2,000/month and beyond**, saving for a down payment can feel next to impossible. But at The Station, our new deposit structure* makes saving a snap. So not only can you afford to buy your own place, but the place you call home can be at North York’s award winning record-breaking development. Here’s how it works.
LET’S SAY YOU’RE LOOKING AT ONE OF OUR EXCEPTIONAL 2 BED + 2 BATH SUITES. YOU GET:
• • • • • •
A sweet corner unit An enormous 175 s.f. balcony Granite countertops Euro-style appliances A window in the master ensuite A place you won’t grow out of
YOU PUT DOWN
$10,000
THE PRICE IS A COOL $450,000, SO SAY YOU PUT DOWN 10% 10% DOWN = $45,000
10%
SOUNDS SCARY, RIGHT? BUT HERE’S WHAT THE STATION WILL DO FOR YOU.
$450,000
WE’LL MATCH THAT
$10,000 = $20,000
WITH A $10,000 DISCOUNT OFF THE PRICE OF YOUR CONDO.
Just like that, in 13 months, your down payment will be done and you’ll be the proud owner of an amazing new condo with expansive Terrence Lukas-designed interiors, spacious balconies, and amenities like The Studio Club, fitness centre and the city’s first indoor/outdoor heated party rooms.
ONLY $25,000 TO GO.
FOR THE NEXT 13 MONTHS, YOU PAY JUST $962/MONTH TOWARD THE DOWN PAYMENT AND WE’LL MATCH IT WITH AN EQUAL $962 DISCOUNT OFF THE PRICE OF YOUR CONDO.
SAFE – The Station is already under construction. SMART – Easy subway access and a 20-minute ride to downtown, mean condos at The Station will always be in demand. GREAT DEAL – With this innovative down payment plan you can finally afford to own your own place.
RUN. WALK. SUBWAY. HURRY. UNDER CONSTRUCTION.
WILSON SUBWAY
YORKDALE MALL
TIPPETT RD
ALLEN
RD
WILSON AVE
HWY.401
YORKDALE SUBWAY
416.398.9777 THESTATIONCONDOS.COM
On Tippett Road, south of Wilson Avenue / Mon to Wed 12–6pm Sat + Sun 12–5pm *Conditions apply. On select suites only. See sales rep for details. Prices, specifications and deposit structures are subject to change without notice. E. & O.E. Exclusive Listing Brokerage: The Condo Store Realty Inc., Brokerage. Brokers protected. Illustration is artist’s impression. **Source: theglobeandmail.com
MAY 10 - 24, 2014 NEW CONDO GUIDE 049
legally speaking
Buying your first home,
Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit schwarzlaw.ca or send an email to info@schwarzlaw.ca and give us your questions, concerns, critiques and quandaries.
H
ere you are, getting ready to embark on your new life and ready to make what may be the largest single purchase that you will ever make when you are confronted by daily doses of economic doom. “What do I do?” you ask yourself.
050 new Condo Guide may 10 - 24, 2014
// by jayson Schwarz
Step by step Don’t be afraid, take your time, do your research to identify the area you like, the services available to you and ensure that there are no hidden matters that could affect your decisions. What do I mean? No old dumps in the area; no commercial malls to be built right next door; what are the amenities in the area? Go to the local municipal office and check with the planning and zoning departments to ensure you know exactly what your neighbour and neighbourhood will be. Next, speak to the mortgage specialists at the bank you deal with and at the same time, consult a reputable mortgage broker. Find out how much money you are entitled to borrow and how much of a deposit you’ll need to put down. This will allow you to focus on homes that are within your budget. Get a preapproval in writing so you have something to rely on, because it is critically important that you do not get caught up in the rush of buying a home beyond your budget. Nothing is worse than living for the home, not living in the home. Once you identify how much you can comfortably afford to spend, determine the type of home that makes sense for you and your family. Condo living provides a carefree lifestyle – someone else cuts the grass and shovels the snow – but you pay condo fees and sometimes others determine how the amenities, if not your unit itself, can be used. Traditional detached homes provide the freedom to do what you want but maintenance and upkeep fall on your shoulders.
Identify how much you can afford to spend, and determine the type of home that makes sense for you and your family Lawyers are next. Look around for one by starting with media and check magazines, newspapers, listen to radio and watch real estate television. Go online and check out the websites of different real estate lawyers. Look to see whether they give good, informative advice, whether they give you pricing up front, and whether they make you feel comfortable. Call the Law Society of Upper Canada, Lawyer Referral Service. This service keeps lists of lawyers and refers requesting members of the public to lawyers who practice in the area requested. However, this just gets you someone in your area. You need to really check them out when referred. Speak to friends who have used a lawyer for the type of service you require and ensure they did the job professionally, courteously and for the price quoted. Once you’ve found the right area, type of home and lawyer, it’s time to find the right real estate agent. Be careful, you want someone who will work for you within your budget and area. Drive around, check out signs, read the papers and speak to your lawyer.
Builder Profile
10 minutes with...
URBAN CAPITAL Wex, a former lawyer, and Reeve, a real estate veteran, are open about the secret to their harmonious partnership. As Reeve puts it, “On any project only one of us is in charge. It’s a business where one person has to know all aspects of the work and have clear authority to make decisions and direct traffic. As developers, we’re the conductors of a large orchestra of professionals. We need to start by picking great players and then conduct with an inspired, steady hand.” The two helm separately but consult each other constantly. Reeve’s specialty is the financing that keeps everything in The most gifted entrepreneurs have imagination,
energy, razor-sharp reflexes, boundless appetite for innovation, and underpinning it all, a sense of responsibility when it comes to their clients, colleagues and the context within which they operate. Case in point, David Wex and Mark Reeve, founding partners of pioneering Urban Capital. Since their landmark start in 1996 with Camden Lofts – one of Toronto’s first designfocused urban condominiums and the first in the KingSpadina district – Wex and Reeve have revived many downtown Canadian locales to the point of thriving with one of their fearlessly striking structures. Urban Capital stops at nothing to make architectural progress; new and improved is their default mode. Wex and Reeve are either applying cutting-edge, high design solutions to knotty old problems, or revitalizing a neglected neighbourhood where no residential developer has ventured before. Essentially, the co-partners won’t see the nation left behind when it comes to state-of-the-art urbanization. Thanks to Urban Capital’s latest successes in Toronto, Ottawa, Montreal, Halifax and Winnipeg, other countries need to catch up to Canada. 052 new Condo Guide may 10 - 24, 2014
New markets, new architectural approaches, new interior features and layouts, and new environmental measures – that’s the Urban Capital vision. Meet two men intent on getting more and more out of their industry, ensuring we get the utmost out of our cities and homes.
SNAPSHOT
equilibrium. Says Wex, “I tend to be fascinated by urban issues, architecture and design, particularly industrial design.” One senses the mutual respect between the partners, furthermore the admiration they’ve garnered from peers in an industry where so much depends upon seamless collaboration. You may well have heard of Urban Capital in association with their recent breakthrough (with Malibu Investments), Smart House, Toronto’s first micro-condo (and recent winner of the BILD award for Best Small Suite Design), where minimal square footage maximizes ingenuity. As sales figures show, Toronto loves the way hyper-efficient space makes a premium location affordable. Architectural critics are already singing the praises of River City, the spectacular West Don Lands development for which Wex and Reeve brought award-winning Montreal-based architects Saucier + Perrotte to Toronto to make a real difference. As for Urban Capital’s funky new Southport development in Halifax: it was 80 per cent sold in one weekend. In Winnipeg, Urban Capital isn’t just introducing the Glass House, but also offering Winnipeggers an Urbanomics 101 seminar in downtown investment. That’s in addition to Urban Capital’s Ottawa-based Trends in Design series, the downloadable Urban Capital Magazine exploring design issues in depth, and Urban Capital’s sponsorship of the Canadian entries to the Venice Biennale, the AZ Awards and the Design Exchange. What’s next for two such quintessential innovators? Wex’s mind is immediately on the move: “Having worked on improved space planning and amenities, the ‘Smart Home’ so to speak, and we’ll pay even more attention to energy efficiency. I’d like to take the product we’ve refined in highly competitive Toronto to new markets across the country, then maybe one day outside of Canada.” One thing is certain, Wex won’t relent in his intensely creative approach to business. Like all true revolutionaries, he’s a man of insatiable focus. “As a mid-sized developer with two entrepreneurs at the helm we can shift gears quickly,” Reeve states. “If a great site appears out of thin air we can jump on it. Makes life interesting! I have projects underway that should result in the development of more than 3,000 new units within five years,” Reeve specifies – ever the numbers guy. “Ten years out I predict 10,000 units.” New markets, new architectural approaches, new interior features and layouts, and new environmental measures – that’s the Urban Capital vision. Meet two men intent on getting more and more out of their industry, ensuring we get the utmost out of our cities and homes.
1. Key Message We’re a creative, forward-thinking real estate development company whose principal motivation is to make Canadian cities look better. We are focused on breaking new ground in terms of location, design and Green living. We elevate urbanization to new levels. 2. Key Players Urban Capital co-founder partners David Wex and Mark Reeve 3. Values To be known as the most innovative property development company in Canada while providing top quality execution and service; we’re always thinking about the next great thing but still making sure we can actually deliver. 4. Market Niche We are urban regenerators who believe de-industrialized parts of our cities can come alive as vibrant urban centres. We enhance our clients’ urban lifestyles with high, smart, cutting-edge design. 5. Past Projects Camden; Charlotte; St. Andrew on the Green; Boutique; Trinity Bellwoods; River City Phase 1, Toronto. McGill Ouest, Montreal. East Market; Mondrian; Central, Ottawa. 6. Current Projects Toronto: Smart House; Tableau; Nicholas Residences; River City Phase 2 and 3. Ottawa: Central 2; Hideaway. Halifax: Southport. Winnipeg: Glasshouse. 7. Awards Camden Lofts – City of Toronto Urban Design Award River City Phase 1 – BILD Best Building Design Award Smart House – BILD Best Small Suite Design Award McGill Ouest – Finalist, ACQ Best Project of the Year
may 10 - 24, 2014 new Condo Guide 053
finances
Saving tips for
FIRST-TIME homebuyers Home ownership is a big dream for many young Canadians, and is
likely the single biggest investment most of us will make in our lives. While saving for a down payment can be challenging, Farhaneh Haque, director of mortgage advice at TD Canada Trust, says that young Canadians can save for a down payment a little quicker by following a few simple rules. “First, examine your budget and set a savings goal,” says Haque. “Take advantage of online budgeting tools to gain insights into where you spend your money. Also remember that in addition to your down payment you will need to save for the additional costs involved with a home purchase, which include moving costs and legal fees.” Next, curb your spending and increase your savings. “Even a small adjustment in your spending habits can go a long way toward helping you save a bigger down payment,” says Haque. “For example, consider using transit to get to work instead of driving and paying for parking – it can really add up over time.”
Even a small adjustment in your spending habits can go a long way toward helping you save a bigger down payment 054 new Condo Guide may 10 - 24, 2014
One of the most effective – yet overlooked – strategies is to put money aside before you can spend it. Haque suggests setting up a regular, pre-authorized transfer service that moves a specific amount from each pay cheque into a high-interest savings account. Making savings automatic is a simple and effective way to stay disciplined while saving for a down payment. Finally, Haque reminds firsttime homebuyers that they may be able to take advantage of the federal government’s Home Buyers’ Plan. “Those who have been actively saving for their retirement can access up to $25,000 from their RSPs to bump up their down payment when they purchase their first home. The RSP funds must be paid back within 15 years, so it is important to factor this repayment into your monthly budget.” For more advice on saving for a down payment, visit tdcanadatrust.com/ homeownership. NC
be a part of something big YOUR 35-ACRE FRONT YARD – ONLY AT CANARY DISTRICT
COMING SOON, THE EXCITING SECOND PHASE OF CANARY DISTRICT Canary Park Condominiums is the doorway to Canary District, which is Toronto’s visionary master-planned, transit-friendly, urban village just 5 minutes east of downtown. Suites from the mid $200’s. HOME TO ATHLETES OF THE 2015 PAN / PARAPAN AM GAMES.
REGISTER AT CANARYDISTRICT.COM OR CALL 416.603.7576
@canarydistrict
/thecanarydistrict
Exclusive Listing: Baker Real Estate Incorporated, Brokerage. Brokers Protected. Prices and specifications are subject to change without notice. E. & O.E.
MAY 10 - 24, 2014 NEW CONDO GUIDE 055
luxury homes and condos to life
SPRING 2014
LuxuryLivingGTA.com
created exclusively to showcase luxury homes and condo developments, Luxury Living is the first premium magazine of its kind.
LIVING the HIGH-LIFE
with subdued elegance
discerning shoppers will enjoy browsing sophisticated design and editorial, and most importantly, the quality selection of premium, high rise and low rise developments in the GTA.
Spring edition now available.
PASTEL FASHION AND DECOR TRENDS
CATCH UP ON THE LATEST MARKET NEWS
TOP DESTINATION: LONDON, ENGLAND 14-04-16 6:21 PM
Get your copy now! 416.626.4889
LuxuryCover-04-26-14-FINAL.indd
1
newhomeguide.ca
Do you have an eye for what’s smart this spring? See if you can spot all four Smart House logos.
Smart condos at Queen and University from $229,900. Now that’s clever living. 416.292.0219 SmartHouseToronto.com
Sales Office Now Open 11 Nelson Street, Toronto M5V 0G2 Exclusive Broker. Prices and specifications are subject to change without notice. Illustrations are artist’s impression. E.&O.E.
Condo Living
// by SHLOMO SHARON
Finances 101
Shlomo Sharon is CEO of Taft Management Inc. and a member of CCI since 2002. Taft Management Inc. is an ACMO 2000-certified property management company and has been providing property management services since 1996. Visit taft-forward.com for further information or email Shlomo at shlomos@taft-forward.com.
T
he amount of money that a Condominium Corporation has on deposit in its reserve bank account can range from $20,000 to over $2,000,000. The management of these funds, and the ongoing operating fund, is the ultimate responsibility of the Condominium Corporation’s Board of Directors.
Educating the Condo Corporation
Currently, the Condominium Act requires only three qualifications in order to become a member of the Board of Directors: 01 The person must be at least 18 years old; 02 The person is not an un-discharged bankrupt; and 03 The person is mentally competent. There are no requirements to understand the financial matters of the corporation and yet the same Condominium Act requires the Board of Directors of a Condominium Corporation to approve financial statements reflecting all the condominium fees revenue and expenses, the investments of the reserve fund, and the financial position of the Corporation at year-end, before presenting them to the condo owners at the Annual General Meeting. The approval of the financial statements requires the signature of two directors on the balance sheet, to show their approval. In doing so, these directors are assuming great obligation. The presentation of the Condominium Corporation’s financial statements can be difficult to understand. Some of the financial statements may include the balance sheet and the income statement, as well as various notes to the financial statements. Others will also include a cash flow statement. This all can be very confusing to the Board which needs to approve them – especially considering the fact that not all the Board members fully understand them. It is therefore critical that the Association of Condominium Managers of Ontario (ACMO) and the Canadian Condominium Institute (CCI) educate Board members about these financial statements. As the condo population grows, it relies on the Board of Directors to know that their financial affairs are in order and are well looked after.
As the condo population grows, it relies on the Board of Directors to know that their financial affairs are in order and are well looked after It should be a mandatory requirement that Condominium Board members are financially educated at the beginning of their term on the Board, to better understand the financial reporting process. In addition, this will provide them with a better knowledge of the proposed budget, which requires their approval. It would also be extremely important that the Institute of Chartered Accountants ensure that there is uniformity and an understandable presentation process for the financial statements, as the reader of the condominium’s financial statements is a diversified group – probably more so than any other group – and needs to understand what is being presented to them.
058 new Condo Guide may 10 - 24, 2014
UNIQUE. UNCOMPROMISING.
DISTINCTIVE. DIFFERENT.
PRESENTATION CENTRE AND MODEL SUITE
N CHURCH ST
ST JOSEPH ST
CHARLES ST E
YONGE ST
BAY ST
CHARLES ST W
DUNDONALD ST
WELLESLEY ST
17 DUNDONALD ST @ YONGE STREET MON-THURS 12-6 PM SAT and SUN 12-5 PM TOTEMCONDOS.COM 416.792.1877
RENDERINGS IS AN ARTIST’S IMPRESSION. SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E.&O.E. EXCLUSIVE LISTING: BAKER REAL ESTATE INCORPORATED, BROKERAGE. BROKERS PROTECTED.
MAY 10 - 24, 2014 NEW CONDO GUIDE 059
I BUILD PARTNERSHIPS. “BILD’s timely communications regarding government issues and their seminars and networking opportunities result in our company getting 10 times more from our membership than the volunteer time we spend at BILD. We prefer to work with members so I always ask potential suppliers “are you a member of BILD?”
Jim Andrews, Director Sales & Marketing Fieldgate Homes Builder / Developer Member Since 1960
I AM
Get Involved: bildgta.ca
OWN IT Live in this fabulous boutique building at Bathurst & Niagara
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One be droom + Den 67 416 sf. patio = 9 sf. 1095 sf .
TOUR OUR FABULOUS FULLY FURNISHED MODEL SUITE TODAY BATHURST & NIAGARA
CHOOSE YOUR SUITE TODAY, VISIT
90NIAGARA.COM
416-981-0036
Presentation Centre: 90 Niagara Street Hours: Mon. - Thurs.: 12pm - 7pm Sat., Sun. & Hol.: 11am - 6pm. Fridays by appointment.
* Offer valid on specific suites only. Offer, prices and specifications are subject to change without notice. E. & O. E. Rendering is artist’s concept only.
MAY 10 - 24, 2014 NEW CONDO GUIDE 061
Model Suite Compliments of Pinnacle International. www.pinnacleinternational.ca
Pinnacle International’s popular 926 sq. ft. two-bedroom Model Suite at Crystal, located at Pinnacle Uptown in Mississauga
MAY2014
Pinnacle International has been featured as “MODEL SUITE OF THE MONTH” as seen in the New Condo Guide model suite calendar
homebuyers’ Help
// By Marnie Bennett
homebuyers Top 10 first-time make, and how to mistakes avoid them
B
uying a new home is one of the most significant decisions of your life. Be properly educated and make all the right moves to ensure your home is both a comfortable place to live and a great investment for the future. Here is a list of the 10 most common mistakes to avoid:
Marnie Bennett is the number one Realtor worldwide for Keller Williams Realty Inc., and is in the top one per cent of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals. Contact mbennett@bennettpros.com for a free copy of 10 Deadly Mistakes Buyers Make When Purchasing a Home. bennettpros.com
Most buyers don’t know what they can afford. It is critical that you know both your credit rating and how much of a mortgage you qualify for before you begin shopping for a home.
1. Failing to use a trusted adviser A home is the greatest asset of your life, so you need to ensure you have done the proper homework. It is critical that you work with a professional such as a trusted real estate representative and lawyer. Make sure your real estate professional is dedicated to the job full time, and that they know exactly what you’re looking for in your top neighbourhood – not their’s. Work with someone who gets you the best price and a hassle-free experience. 2. Wasting time by looking at homes you can’t afford
Most buyers don’t know what they can afford. It is critical that you know both your credit rating and how much of a mortgage you qualify for before you begin shopping for a home. Get a full mortgage pre-approval from your bank or broker, which is a commitment from the lender that states the purchase price and your interest rate – guaranteed for a specific amount of time, usually 90 to 120 days. When buying a brand new build, you will need a capped rate up to 18 months to accommodate the construction period. With this approval in hand, you can then concentrate on looking at condos you know you qualify for. 3. Buying the wrong home The first thing prospective buyers should do is make a list of priorities and outline the “must-haves” and your “wish list.” Determine the desired housing style, number of bedrooms, bathrooms, neighbourhood, parking and proximity to work or public transportation. There are so many choices, so be clear and concise, and stick to your budget. 4. Trying to save money by not hiring a professional
home inspector A home inspection can help distinguish a home that is a money pit from one that is a gem. Even buyers of brand new homes can benefit from a home inspection. continued on page 66…
064 new Condo Guide may 10 - 24, 2014
G R AN D O P E N I N G AFFORDABLE LUXURY NEVER LOOKED BETTER. Triumph, the exciting third phase of Valhalla in Etobicoke is now open! Two new decorated designer suites. Incredible amenities. Spectacular views. And value that has to be seen to be believed. Be the smartest. Be the first. It's your Triumph.
TRIUMPHCONDOS.COM 416.233.5554 UP TO $20,000 CASH BACK!* ONE BEDROOM SUITES FROM $198,990 INCLUDING PARKING AND CASH BACK!*
BURNHAMTHORPE RD
HWY 427
SITE SALES CENTRE GIBBS RD BLOOR ST W
THE EAST MALL
VALHALLA INN RD
PRESENTATION CENTRE & MODEL SUITES 2 GIBBS ROAD MON-THURS: 12-6PM SAT, SUN, & HOLIDAYS: 12-5PM FRIDAY: CLOSED
*Opening incentives are for a limited time only. See sales rep for details. Exclusive listing brokerage MarketVision Real Estate Corp. Brokers protected. Prices and specifications subject to change without notice. E.&O.E. Illustration is artist’s impression.
MAY 10 - 24, 2014 NEW CONDO GUIDE 065
homebuyers’ Help
continued…
Resale and new homes each have their own advantages and disadvantages. Make a list and compare them. For example, with a new home you have choices such as style, finishes and the suite’s location in the building – and everything is new. 5. Not revisiting your target
neighbourhood a few times It is critical that you view the home at different times of the day and at night. You want to ensure you made the right decision on your neighbourhood of choice – and potentially your new neighbours. 6. Giving in to fear
Yes, buying a home is a scary thing and you may not feel certain you’ve found the right place. Should you buy now? Will prices fall? Will you receive any incentives? Should you keep looking? Remember, when you’re renting you are making someone else rich and not building equity in your own home. When you become a homeowner, you have a fixed asset and you’re on your way to financial freedom. Do your homework and be ready to make the decision when you find the perfect home for you. Have confidence. 7. Not being prepared for closing costs The down payment is one thing, but there are other closing costs such as lawyer fees, land transfer taxes, utilities, insurance and others, so be prepared. You may also be eligible for government programs such as the Home Buyers’ Tax Credit and Home Buyers’ Plan, so do your research and know what your total costs will be. 8. Not understanding your mortgage
This is a complex and often-intimidating 066 new Condo Guide may 10 - 24, 2014
topic, but what you learn (or don’t learn) about mortgages could save or cost you thousands of dollars. Key factors are your interest rate and amortization, but also find out what your payment privileges are, whether the mortgage is portable, your down payment requirement, insurance needs, if the mortgage is open, closed, variable or fixed. Understand the terms and what they mean for you. 9. Failing to understand the differences
between buying a new home and a resale home Resale and new homes each have their own advantages and disadvantages. Make a list and compare them. For example, with a new home you have choices such as style, finishes and the suite’s location in the building – and everything is new. But you also may face construction delays, which could impact your finances or current living arrangements. With resale, what you see is what you get. Figure out which scenario is best for you. 10. Being ill-prepared for moving day
It is important to establish a list of priorities and ensure you have contacted the utility companies, secured proper insurance, booked movers, rerouted your mail and finalized all financing. If you do all your homework and you’re well prepared, moving day can be the start of one of the greatest experiences of your life.
MAY 10 - 24, 2014 NEW CONDO GUIDE 067
CHINESE HOME & CONDO GUIDE 網上 參閱
Chinese home and condo buyers and investors now have a new comprehensive, full gloss real estate magazine to inform and guide them through the buying process in the Greater Toronto Area.
各式電子工具都可瀏覧
ChineseHomeGuide.com
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newcondoguide.com 068 NEW CONDO GUIDE MAY 10 - 24, 2014
APRIL 12 - 26, 2014 NEW CONDO GUIDE 068
AV E RO
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The final phase of this master planned community in the heart of Roncesvalles Village comprises of only 96 residences. Imagine cooking with gas in your suite. This is a pleasant surprise – and a dream come true for foodies, chefs and lovers of all things grilled. Gas hook-ups are also standard on oversized terraces and take living outdoors to another level. This makes Howard Park 2 extraordinary. LIVE WELL.
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Exclusive listing: Milborne Real Estate Inc. Brokers Protected. Rendering’s is an artist’s impression. Specifications are subject to change without notice. E.&O.E.
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Hot TOPIC
Buying your first home?
It’s not just about location anymore // By wayne karl
Location, location, location is the time-tested, oft-repeated first rule of real estate. But as you set out to buy your first condo, there are other factors to consider
as part of your selection process.
Location
Yes, it is important. No doubt you’d love a large house on an expansive property on a quiet cul-de-sac in the best neighbourhood. But that’s not possible. So what do you do? For your own enjoyment while you live in your home as well as for future resale potential, proximity to transportation, shopping, schools and other amenities is among the key determinants that affect the property’s appeal and ultimately, its value.
Information
As a first-time homebuyer, education is critical. And these days, with digital media and mobile technology, all the information you need is at your fingertips. From the content here in New Condo Guide to the resources available to you at Canada Mortgage and Housing Corp., the more knowledge you have, the better equipped you will be to make informed decisions about buying, maintaining and eventually selling your condo. continued on page 72…
070 new Condo Guide may 10 - 24, 2014
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071
Hot TOPIC
continued…
Like any financial instrument, real estate can fluctuate in value, and your timing can determine how good of an investment it is
Is home ownership right for you? Buying your first home is one of the biggest emotional and financial decisions you’ll ever make, so prepare yourself to make a knowledgeable decision. Although buying a home almost always seems like a great idea, it is important to understand what home ownership involves. Of course, being a homeowner is something to be proud of, but it also means having to invest money, time and energy, and taking on added responsibilities. So, before you decide to buy a home, make sure you’re ready.
Here are some things to consider
Timing
Though your home is your primary residence, it is also an investment. Where you buy is usually determined largely by where you want to live, work and play. But when you buy and when you sell is also important. Like any financial instrument, real estate can fluctuate in value, and your timing can determine how good of an investment it is. Given today’s challenging economic climate, there’s no shortage of media reports on the ups, downs, crashes and surges of the housing market. But if you’ve done your research, you won’t be spooked – or excited – by big-picture reports on short-term market performance. You know that real estate is not national or regional – it’s very specific. You don’t buy the Canadian market, and you don’t buy a provincial or even regional market. You buy a specific home, on a specific street in a specific neighbourhood.
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Financial security If housing prices rise, your home can provide you with some financial security due to capital appreciation. Stability You’ll have a place of your own. Financial stress Coming up with the down payment, meeting regular mortgage payments and other ongoing costs will tie up a lot of your cash and can put considerable stress on your finances. Maintenance Keeping your home in good shape requires time and money. Responsibility You alone are responsible for payments, repairs and maintenance. Flexibility You can decorate or renovate your home to meet your own family’s personal tastes and needs. Source: Canada Mortgage and Housing Corp.
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Mortgage Matters
Your first mortgage From regulations to rates, we demystify what can be confusing and intimidating for first-time buyers // By wayne karl
Fixed versus variable rate, short or long term, open or closed… these
are just some of the important – and complex – questions you’re likely pondering as you prepare to take out your first mortgage.
To help demystify this oftenintimidating subject, New Condo Guide enlisted the help of three experts:
Alyssa Richard,
CEO of RateHub.ca
Peter Kinch,
award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan
Calum Ross,
senior vicepresident and mortgage agent at The Mortgage Centre
NCG For those who have never bought a home before, the topic of mortgages can be intimidating and confusing. How do you suggest first-time buyers begin to prepare? Richard Get educated. You can talk to an expert
(mortgage broker or a bank), educate yourself online or do a combination of the two. There are so many resources online to choose from. Don’t be scared to talk to family and friends who have purchased homes before; they probably had all the same questions.
Kinch The first thing you should look at is your
budget. It’s one thing to find out how much of a mortgage you can qualify for, but it’s another to look at how this new home is going to impact your budget. Analyze your current monthly housing expenses and determine the maximum amount you can afford. Research what monthly costs you should incorporate into your budget as a homeowner beyond the monthly mortgage payment – including property taxes, condo fees, insurance, utilities and maintenance. Working within a budget will not only prevent you from getting into a home you can’t afford, it will give you peace of mind. Once you have your budget in place, work with a broker to get a pre-approval and secure an interest rate for at least 120 days, so that you don’t have to worry about rising rates while taking your time to find the right property.
Ross The most important thing a first-time buyer can do is prepare a household budget. Once you have a really good indication of what your total household income is, after tax, then you can determine your ability to save for a down payment and an affordable monthly mortgage payment. One of the best resources available for first-time buyers is still the Canada Mortgage and Housing Corp. (CMHC) website. The tools and data are very useful and since they are not trying to sell you anything, it is unbiased. Visit cmhc-schl.gc.ca. continued on page 76…
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MAY 10 - 24, 2014 NEW CONDO GUIDE 075
Mortgage Matters
continued…
and you can’t afford for your mortgage costs to go above a certain amount, then take a fixed rate and sleep well knowing exactly what you can pay and afford for the next five to 10 years. If you have a little more flexibility in your budget, take a variable rate today, but increase your monthly payments to more than the minimum. You’ll accomplish two things: accelerate the speed at which you pay down your mortgage; and adjust your family budget so that if you renew into a higher rate environment five years from now, you won’t experience payment shock.
NCG Short, long, fixed, variable — what type of mortgage might better suit first-time buyers, and why? Richard If you’d prefer to pay the
same amount each month, go fixed. If you’re comfortable with some level of risk and want to minimize costs, variable rates are proven to be cheaper in the long run. As for your mortgage term, it’s important for first-time buyers to think about a five-year time line. Studies show that 70 per cent of homeowners break a five-year term at the 3.5-year mark, which if you went fixed could result in a big prepayment penalty. If there’s any chance you’d move in five years, go variable (penalty is only three months’ interest) or get a shorter term.
Kinch The truth is, everyone has a
unique set of circumstances. If you can get a five-year rate around three per cent, go with a long-term rate. Otherwise, take the variable. A fixed-rate mortgage guarantees you a certain interest rate for a fixed term, such as five years. This rate is typically higher than a variable rate would be, but think of the extra cost as “insurance” against interest rates going up. A variable rate will start out lower, but there is no guarantee as to when or how high it will go, so there is a risk factor. If you’re on a tight budget
076 new Condo Guide may 10 - 24, 2014
Ross The challenge for first-time buyers is that they tend to want the stability of a payment – good for budgeting purposes. The problem is that they typically own the home for less than five years. Generally speaking, it is important to remember that the cash-flow crunch typically exists only for a short period at closing and shortly thereafter, and depending on the difference between short- and long-term rates, the difference in payments can be substantial. Make sure you do the math and make the decision that won’t cause you to have payments over your cash-flow comfort level. NCG What do you foresee in the mortgage landscape in the coming year that first-time buyers should be aware of? Richard It doesn’t sound like interest rates will go up until late 2014 or
even 2015. Canada’s low interest rates have been referred to as “an anomaly,” but some economists say the numbers are normal based on our current rate of inflation. Of course, Ottawa can always change things, such as the minimum down payment requirements or the lending guidelines. In any case, I’d suggest first-time buyers pay close attention to what’s happening in their market and follow the news.
Kinch The government is definitely trying to find ways to become involved
in slowing down what it perceives to be a heated housing market. The question is, what is left? Ottawa can impact only high-ratio mortgages such as those insured by CMHC. Currently, homebuyers can get a high-ratio mortgage with only five per cent down. I really don’t see them changing the down payment requirement to 10 per cent. An area they may intervene is the CMHC insurance premiums – such as increasing the premiums homebuyers have to pay based on how much they put down. They have also taken a closer look at qualification rules, especially for the self-employed. Outside of CMHC, the Office of Superintendent of Financial Institutions (OSFI) will put more pressure on banks that currently offer a 30-year amortization on conventional mortgages (minimum 20 per cent down) to change the maximum amortization to 25 years.
Ross The lending environment may very well see more stringent mortgage guidelines in the next six to 12 months. There is a growing concern about household debt levels, which could result in changes to the way mortgages are approved with both banks and other mortgage suppliers. At this time, I don’t think we are likely to see much in the way of changes for first-time buyers, but there is talk about moving the amortization period from 30 years back to 25, which could mean that the payments will be larger for mortgages.
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condo profile
Queen Street’s 12 º
Lives up to the hype
O
n a quiet residential street just steps from Queen Street West’s desirable shopping district, the long anticipated and critically acclaimed 12º building steadily twists its way skyward. Many questioned whether the building’s eponymous 12º “twisted cube” architecture, oft lauded by local critics such as John Bentley Mays (Globe & Mail), would actually translate from beautiful rendering into beautiful building. As the condo enthusiasts, investors and occupants amongst us have become all too aware, often by the time we see the finished product, the dream sold in a sales centre has vanished along with the sales centre itself. This dichotomy of sales centre dream versus constructed reality has become common-place in Toronto’s market. Perhaps developers can’t be blamed for value-engineering their buildings in order to steadily deliver product to a forever sizzling condo market with its rising construction costs. In this environment, even the best laid plans of well intentioned developers fall victim to economic reality, producing lacklustre architecture that falls short of the promise of elegance. Many believed that the extensive use of glass and stone shown in the renderings for 12º, together with its ambitious twists, would make this building another example of the aforementioned unfortunate and growing trend. Not so. If you have taken a walk down Queen up to Beverley lately, you will see that BSäR Group of Companies has answered its critics resoundingly. BSäR principal, Tarek Sobhi, points out, “when we designed this building with Charles Gane at Core Architects we knew it was not going to be a cheap building to construct, but we also knew that we were building an end user building in a highly desirable location and that these end users would pay for high quality design and high quality finishes...We aren’t building this building with a primary view to cutting corners to save costs. Instead, we are primarily looking for places to add value for our customers and build our brand.” Sobhi’s partner, Tyler Hershberg, agrees. “For us this is a signature building in an important location in Toronto’s core. As we see things, the eyes we have on our brand in our sales centres are far fewer than those that will be looking at us through the lens of our buildings in the next 50 years. We want each one of those people to want to live in one of our buildings after having passed by or visited this building in particular.” Hershberg stresses that the building’s exterior was not the sole focus of careful thought and cold hard cash. “In addition to the custom kitchens with fully integrated appliances and the use of hardwood flooring throughout that some of the other higher end buildings feature, we are actually offering marble capped soaker tubs in our bathrooms for example. You can look but you will not see this as a standard anywhere in the city.” BSäR views 12º as the cornerstone of its future plans for the Toronto market, and they appear to be putting their money where their mouths are. Sobhi listed several details of how the building will not only live up to, but surpass the initial offering. BSäR is bringing in a rare black limestone from Northern Ontario that, owing to its scarcity (and price-tag) has never before been used in any Toronto building period, let alone in a residential condo. In addition, many of the precast 078 new Condo Guide may 10 - 24, 2014
building elements were substituted with more-expensive matte zinc metal cladding to preserve the building’s dark finish better over time while adding to the current sex appeal. What about that private outdoor rooftop pool? Hershberg assures that this feature which sold so many on the building will be there, and it will be great. “12º will have the largest private rooftop pool in the city of Toronto when we complete the building later this year, and that is pretty remarkable when you consider all of the 300 plus suite highrises out there and recognize that this is a building of just 96 unique suites. The lucky few who live in this building are going to be the envy of the neighbourhood come springtime every year.” So how do you get into the building that was selected to be featured in the European edition of Lamborghini’s exclusive distribution magazine this year? Are there any suites left? Sobhi notes, “We chose to pull a representative sample of suites of all types as well as our specialty penthouse and townhome units off of the market well over a year ago because we believed that this building ought to be sold on its own merits rather than on the merits of an associated sales pavilion”. Accordingly, there will be an excellent crosssection of suites made available for sale at the beginning of May. The 12º building is expected to occupy in fall/winter 2014. To view floor plans and for more information, visit 12degrees.ca. To book a private appointment, call 416.408.1200 or email info@12degrees.ca.
money matters
// by gail vaz-oxlade
Does money buy happiness?
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
I
f it’s such common sense to only spend what you can afford, why do so many people spend money they don’t have – use credit, in other words – to buy things they want? Think about it for a minute. Why did you whip out your credit card and pay for that meal in a restaurant, pair of new shoes, or groceries? Why did you buy that big-screen TV on a buy-now-pay-later program? Why did you use your line of credit to pay off your credit card? Be honest. Why? People want to maintain lifestyles they can’t afford. Whether it is the social pressure to conform, our own
So, what are the things that make your life worthwhile? And what are you doing to put more of the things that make you happy into your life? 080 new Condo Guide may 10 - 24, 2014
sense of entitlement, or a disregard for the potential risk we place ourselves in when we use credit to buy stuff, we’re delusional. There are actually people out there who believe that using credit is “normal,” that it’s what they should be doing. After all, their parents did it, their brother’s doing it, so is their best friend. In fact, most of the people they know are doing it. It’s as if people are afraid to just be. They have to drive the right car, go on an annual cruise, have new leather furniture, watch a high-definition, big-screen television, eat out three or four times a week, drink the best Scotch, or consume store-bought coffee every day. And they’re willing to exchange hours, days, months, years of peace of mind for the momentary high that comes with the new acquisition. Whazzup with that? Social pressure to conform isn’t in your imagination. It’s real. But if you submit, if you’re willing to live a life of smoke and mirrors, if you want it all right now, then you need to accept that you’re creating a miserable life for yourself. It’s only a matter of time before the piper comes a’knocking. One way to gain some perspective is to ask yourself what it is you really want in life. If you only had six months left on this sweet Earth, what would you want to be doing? Would you be shopping for new furniture? Would the kind of car you drive really make a difference? How about the handbag you’re carrying? I often talk to my daughter, Alex, about how important it is to live a worthwhile life – a life that brings challenge and love, that allows you to share, to laugh, and to be happy. So, what are the things that make your life worthwhile? And what are you doing to put more of the things that make you happy into your life? Want a great book to read on happiness? Read The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom by Jonathan Haidt, associate professor of Psychology University of Virginia. Terrific book! Lots of great ideas on what makes us happy and what you can do to be happier. If you love your life (as opposed to your stuff), relish the time you spend working, look forward to seeing the people you share your space with, and feel as if you’re making a difference, I don’t think the kind of car you drive, whether you have a big-screen TV, or how often you eat in a fancy restaurant will mean much. If you can focus on creating the life you want, taking small steps to achieve your goals and finding a way to laugh while you’re doing it, I’m willing to bet you won’t even miss your credit cards. As Jonathan Haidt says, “Happiness is not the shallow state of feeling pleased and chipper all the time. Happiness is the state of a human being that has achieved cross-level coherence within herself, and between herself and the people, challenges, and institutions around her. Happiness comes from between.”
Real Estate Incor porated
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MAY 10 - 24, 2014 NEW CONDO GUIDE 081
make your move
// by Chuck Resnick
the grandma rule rules!
Chuck Resnick is vice-president of marketing and operations, Two Men and a Truck Canada. twomenandatruck.ca
W
hen people relocate, the possessions they take with them are a critical part of turning a new house or condo into a “home.” There is plenty of emotion attached to “stuff,” and with that in mind, moving companies take on an awesome responsibility when they transport your furnishings and accessories from one place to another. And you should be able to trust that your belongings, both big and small, are being treated with the care and respect they deserve. The Canadian Association of Movers recommends that when you shop for a mover, it is wise to conduct some research to increase your chances of finding a reputable company that will treat you with respect as well. At Two Men and a Truck, we agree! At the very least, you should be able to expect honesty and integrity when it comes to your moving
082 new Condo Guide may 10 - 24, 2014
experience. This includes a thorough and reasonable estimate for your move, and then delivery on whatever promises are made. In your search for a mover, learn as much as possible about what services are offered. If the company representative is reluctant to answer your questions, move on. Every mover should be ready to educate customers on their services and on what they can do to help make the move go as smoothly as possible. For example, on our website, twomenandatruck.ca, we provide moving tips, a checklist and even special things you’ll need to consider for large items, such as pianos. You should always receive your moving quote in writing, and unless you change the parameters of the move substantially, you should pay what you expect to at the other end. A reputable mover will treat you with kindness throughout, and you should never feel intimidated. These are all sentiments that go along with the “golden rule.” We have our own version of that motto called “The Grandma Rule,” and it forms our main core value – to treat everyone the way you would want your Grandma to be treated. We do regular customer surveys to ensure that we are upholding the principles of honesty and fairness. Check with the moving companies you approach to find out whether there are customers you can contact for a reference. The Canadian Association of Movers (movers.net) also has a web page for consumers including a member directory to help you connect with reliable, professional moving services. One other thing you may consider during your search is whether or not the movers you contact are happy. That may seem strange, but people who like what they do, do a better job. Professionalism should go hand in hand with enjoyment. We adopted the tag line “Movers Who Care” to reflect our attitude toward what we do. We consider ourselves much more than just a moving company – we’re a customer-service company that moves. Nowadays, the peace of mind that comes with that is priceless.
Our motto is to treat everyone the way you would want your Grandma to be treated
ON LAKE SIMCOE
LUXURY CONDO LIVING IN COTTAGE COUNTRY The luxurious lakeside lifestyle you’ve always wanted is closer than you thought. Orchard Point Harbour on Lake Simcoe, a mere hour north of the GTA, is launching its much-anticipated final phase this month! Muskoka-inspired architecture with a host of amenities including a lakeside pool, fitness centre, rooftop lounge, and on-site Starport marina, Orchard Point Harbour offers an exciting alternative to traditional lakeside living. Register today and discover the new way to cottage! Luxurious 1 & 2 bedroom waterfront condos from 800 sq. ft. to over 2,000 sq. ft. Priced from the low $300,000’s to over one million*
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MAY 10 - 24, 2014 NEW CONDO GUIDE 083
in the news
Building industry celebrates quality and excellence at 34th annual BILD Awards
HOME BUILDER OF THE YEAR Mattamy Homes
The home-building and land development industry
crowned the year’s top builders, projects and marketing campaigns at the 34th annual BILD Awards on April 25. More than 1,100 industry professionals attended the event, which recognized the GTA’s best in 47 distinct categories ranging from ad campaigns to architectural design and community building. Mattamy Homes was honoured with the prestigious Home Builder of the Year award. This award highlights the builder who sets the standard for the rest of the industry by their leadership in improving the overall image of building and development in the GTA. A key component of the judging process is a customer satisfaction survey, completed by dozens of recent occupants of the builder’s communities. The Green Builder of the Year awards was presented to TAS and Empire Communities. This award recognizes the builder who demonstrates outstanding leadership in the 084 new Condo Guide may 10 - 24, 2014
implementation of Green building practices from the siteplanning stage right through home design and construction. In the highrise category, TAS received top honours for its commitment to sustainability. The company has made a commitment to designing and building to a LEED Silver standard for all of its future projects. Empire Communities received the Green Builder of the Year award in the lowrise category. The company is Ontario’s leading Energy Star builder with some of the most progressive Green initiatives and user-friendly educational programs in the industry. In a special presentation, Greenpark Homes’ chairman and CEO Carlo Baldassarra was honoured with the prestigious Lifetime Achievement award. This recognition is the Association’s highest honour and was presented as a tribute to Baldassarra’s contribution to the building and development industry for more than four decades.
“It is a privilege to present Carlo with this prestigious award,” said BILD president and CEO Bryan Tuckey. “He is an industry champion who has given so much to our association and to communities throughout the GTA.” Yonge+Rich by Great Gulf Homes was deemed the year’s best highrise project, while Urban Towns at Bayview by Treasure Hill Home Corp. won in the lowrise category.
Following is a list of award recipients in the highrise categories. Congratulations to all the winners! With over 1,400 members, BILD is the voice of the land development, home building and professional renovation industry in the GTA. BILD is proudly affiliated with the Ontario and Canadian Home Builders’ Associations.
GREEN BUILDER OF THE YEAR – HighRise TAS
P2G COMMUNITY OF THE YEAR – HighRise Dundee Kilmer, Canary Park – Munge Leung, Montana Steele Advertising, The Communications Group, Baker Real Estate Inc. may 10 - 24, 2014 new Condo Guide 085
PROJECT OF THE YEAR – HighRise Great Gulf Homes, Yonge+Rich – Community
BEST PUBLIC RELATIONS CAMPAIGN Freed Development Corporation, 155 Redpath – Blackjet Inc., Brandon Communications
STEPHEN DUPUIS COMMUNITY BUILDING AWARD Peter Gilgan, Mattamy Homes
086 new Condo Guide may 10 - 24, 2014
BEST HIGHRISE BUILDING DESIGN Tridel Corporation, Aqualina at Bayside
RILEY BRETHOUR AWARD David Klugsberg, L.A. Inc.
LIFETIME ACHIEVEMENT AWARD Carlo Baldassarra, Greenpark Homes
BEST DIRECT MAIL – HighRise TAS, Duke – L.A. Inc., Paul Johnston: unique urban homes
BEST E-MAIL MARKETING PIECE – HighRise Easton’s Group & The Remington Group, Westinghouse Lofts at King Blue – Montana Steele Advertising
BEST Print AD – HighRise Pemberton Group, Ten93 Queen West – Montana Steele Advertising
BEST brochure – HighRise Malibu Investments & Urban Capital Property Group, Smart House – 52 Pick-Up Inc.
BEST project logo – HighRise TAS, Duke – L.A. Inc., Paul Johnston: unique urban homes
BEST PROJECT signage – HighRise Great Gulf Homes, One Bloor – Community
may 10 - 24, 2014 new Condo Guide 087
BEST PROJECT rendering – HighRise Menkes Developments Ltd., 87 Peter – Aareas Interactive, The Brand Factory
BEST video – HighRise Concord Adex Developments Corporation, Newton
BEST SOCIAL MEDIA CAMPAIGN – HighRise Gairloch Developments & Centrestone Urban Developments Inc., 383 Sorauren – Community
BEST WEBSITE – HighRise TAS, Duke – L.A. Inc., Paul Johnston: unique urban homes
BEST HIGHRISE SALES OFFICE Gairloch Developments & Centrestone Urban Developments Inc., 383 Sorauren – Community
BEST SALESPERSON OR TEAM – HighRise Tridel – May Tsui and Tara Stone
088 new Condo Guide may 10 - 24, 2014
BEST SUITE DESIGN – Under 750 square feet Malibu Investments & Urban Capital Property Group, Smart House – AyA Kitchens
BEST SUITE DESIGN – 750-1,500 square feet The Rockport Group, The Nest – Residences Of Hillcrest Village – RAW Design, The Walsh Group
BEST SUITE DESIGN – Over 1,500 square feet Rosehaven Homes Ltd., The Randall Residences
BEST MODEL SUITE North Drive Investments Inc., The High Park – Cecconi Simone, Quadrangle Architects
PEOPLE’S CHOICE AWARD Arista Homes, Fieldgate Homes & Paradise Homes, Impressions Of Kleinburg – Guidelines Advertising, Hunt Design Associates, G. Ryan Design International, VA3 Design
may 10 - 24, 2014 new Condo Guide 089
condo watch
previews & registrations Daniels Erin Mills by The Daniels Corp.
New landmark community coming this fall to Erin Mills and Eglinton. Register to stay informed. Web: DanielsErinMills.com
Centro Square by Liberty Development
905 Builders: If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@wall2wallmedia.com
Now previewing, Phase 2 in this master-planned community in the heart of Woodbridge. Web: CentroSquare.ca
SkyCity2 by Pemberton Group
Urban living is coming soon to Richmond Hill. Phase 1 is under construction at Yonge and Hwy. 7. Register for Phase 2. Web: SkyCityCondos.com
Pace on Main by Geranium Homes
Luxury suites coming soon to Stouffville’s boutique condominium address. Register now to stay informed. Web: GeraniumHomes.com
The Clairington by Castleridge Homes
Active adult living in a park-side condo unveiling soon, where Woodbridge meets Brampton. Register now for Tower 2. Web: TheClairington.com
Grand Palace Condominiums by Guizzetti Corp.
Luxury living at affordable prices is coming to Richmond Hill. Register now for Tower C. Web: GrandPalace.ca
Park City Condominiums By Tobyn Park Homes
Currently in pre-construction at Walkers Line and Upper Middle Road in Burlington. Register now. Web: ParkCityLiving.ca
new releases & grand openings Rain Condominiums by Empire Communities
New suite release at Rain Condominiums in Oakville. Now under construction. Web: RainCondos.com
HOT Condominium by Great Gulf
Phase 3 final release now on sale at Winston Churchill and Eglinton. Web: GreatGulf.com
Legacy Park by Liberty Development
New release! Be part of the grand finale at Thornhill City Centre – iconic architecture, urban suite designs and fabulous park views. Web: LegacyParkCondos.com
Grand Cornell Brownstones by Lindvest
Now open in Markham! A new collection of stacked condominium townhomes is coming soon to the established Grand Cornell community located at Ninth Line and Hwy. 7. Web: Lindvest.com
The Mark by Empire Communities
Now open at Markham Road and Bur Oak Avenue. Remarkable residences. Remarkable Markham. Web: TheMarkCondos.ca
Allegra by Nova Trimax
New release of Terrace Loft Suites, steps from the Village of Woodbridge. Construction now underway on Phase 1. Web: AllegraCondos.com
090 new Condo Guide may 10 - 24, 2014
GTA Edition May 10 - 24, 2014
Your complete source for condos, lofts and townhomes in the 905 region
IN THIS SECTION Maps and listings for new condo communities in the 905 region Builder news and the latest in condos in the 905
Coming This Spring
It's A Main Street
BILD 2012 HOME BUILDER OF THE YEAR CHBA 2011 GRAND SAM AWARD WINNER
State Of Mind
To Downtown, Stouffville
PAC E Pace on Main is more P
ON
MAIN
BOUTIQUE CONDOMINIUMS
tthan just an address,
STOUFFVILLE’S BOUTIQUE CONDOMINIUM ADDRESS
iit’s life in the heart of Downtown Stouff ffville. ll It’s an intimate collection ll of just 67 residences nestled within a neighbourhood of heritage architecture and tree lined streets. Bistros beckon for casual suppers and fine dining is a stroll away. Day-to-day shopping mixes with one-of-a-kind boutiques. Nearby is Memorial Park and its adjoining trail system; and fitness and cultural
REGISTER NOW GERANIUMHOMES.COM
accessible to the north, and when heading
BLAKE ST
steps away.
MAIN ST 9TH LINE
to downtown Toronto — GO Train access is
Pace on Main… Life At Your Own Pace
OBRIEN AVE
Cottage Country is easily
LLOYD ST
The Park.
FREEL LN
activities at the Lebovic Centre and 19 On
BURKHOLDER ST
Follow us:
#" - - " / 5 3 " & 4 50 6 ' ' 7 * - - & 1 0 35 ) 0 1 & 80 0 % 4 50 $ , Prices are correct at press time and are subject to change without notice. Sq.ft. measurements are approximate. E & O E.
condo profile
A new condominium experience
in stouffville
PICTURED above
Boutique condominium living on Main Street, Stouffville Pictured on OPPOSITE PAGE
A variety of spacious suite designs will be offered
o
ver the past five years, Geranium has become the builder of choice for hundreds of newhome buyers in Stouffville, attracted to its award-winning, master-planned ravine community, Cardinal Point, by the variety of house styles and superior construction offered, as well as the quality of life in this idyllic town. Now, Geranium Homes will soon unveil a new lifestyle opportunity with the introduction of Pace on Main, bringing carefree condominium living to the heart of Stouffville’s lively downtown. Opening for pre-construction sales this June, Pace on Main will be an exciting boutique building designed for comfortable living and located within walking distance of this growing community’s many amenities. Pace on Main will appeal to anyone who desires a different condo lifestyle experience. “People will find they can enjoy the convenience of apartment-style living very comfortably in our well-designed suites which start at over 650 sq. ft. in size and offer well-proportioned rooms,” says Geranium’s director of marketing Sue Webb Smith. “Pace on Main will capture the interest of both singles and couples, professionals, move-down
094 new Condo Guide may 10 - 24, 2014
Opening for preconstruction sales this June, Pace on Main will be an exciting boutique building designed for comfortable living and located within walking distance of this growing community’s many amenities
buyers, and active retirees attracted to one of the 905’s most desirable places to live with everything at the doorstep.” The building has been carefully designed to blend with existing heritage architecture and will have an elegant brick and stone façade with unique window treatments. Pace on Main will rise to six storeys on the southwest corner of Main and Lloyd Streets, steps to the GO station and surrounded by flourishing shops, restaurants and services. Pace Credit Union, which now occupies the site, will operate in the ground floor of the new building and additional commercial space will front onto Main Street. Residents will be just a stroll away from neighbourhood activities in Memorial Park and the Whitchurch-Stouffville Leisure Centre has an indoor pool, fitness centre, and year-round programs. In the same pocket, cultural entertainment is offered at the Lebovic Centre for Arts and Entertainment and 19 On the Park.
Pace on Main will appeal to anyone who desires a different condo lifestyle experience Also nearby, is a myriad of recreation amenities including an arena, an outdoor track, tennis courts, and greenspace which connects with the Stouffville Conservation Area. The building itself will contain an elegant party room with access to an outdoor terrace with barbecue. “Modest condo amenities enable us to keep the maintenance fees low, recognizing that residents will find all that they need within the broader community,” says Webb Smith. Pace on Main will be an intimate building containing just 67 suites from large one-bedroom to spacious two-bedroom-plus-den/two-bathroom designs and sizes ranging from 650 to 1,129 sq. ft. Every suite will have quality interior finishes; in-suite laundry, ample storage and all but one layout have a balcony. One parking space is included. Prices will start from $299,900 to just under $540,000 for suites on floors two through four. A limited number of penthouse suites are individually priced. “Stouffville offers the charm and character of a small village yet also has the modern amenities people look for to enhance their lives,” says Webb Smith. “We are extremely pleased to be bringing our unique style of home building to this incredible location.” Award-winning Geranium Homes is the Housing Division of Geranium Corp. and has been developing and building family communities across Southern Ontario for 36 years. To register your interest for preview information, visit geraniumhomes.com.
may 10 - 24, 2014 new Condo Guide 095
in the news
The Mikey Network makes $500,000 commitment
to place defibrillators in all Peel board schools PICTURED left The Mikey Network presented a cheque for $160,000 to fund the first year of operations for the Mikey Young At Heart program across the Peel District School Board. Pictured left to right: chairman of The Mikey Network and president of Heathwood Homes, Hugh Heron; Mississauga Mayor Hazel McCallion; The Mikey Network student ambassador Emily Herbert; Peel District School Board chair Janet McDougald; director of The Mikey Network and COO of Heathwood Homes, Bob Finnigan; Peel District School Board director of education Tony Pontes; MPP Mississauga East-Cooksville Dipika Damerla; MP Mississauga-Streetsville Brad Butt; and Applewood Heights Secondary School principal Marcel Giraldi. Photo credit: Nicola Betts photography
The Mikey Network is on a mission to make life-saving automated
external defibrillators readily accessible in every school across Ontario. As part of the Mikey Young At Heart program, designed to place automated external defibrillators – called Mikeys – across Ontario schools, Hugh Heron, chairman of The Mikey Network and president of Heathwood Homes, announced an unprecedented commitment to place Mikeys in the Peel District School Board’s 250 schools and buildings. Bob Finnigan, COO of Heathwood Homes, which founded The Mikey Network, presented a cheque for $160,000 to fund the first year of operations for the Mikey Young At Heart program across the Peel board. Heathwood’s donation kick-starts the wider campaign to raise funds for the special initiative, which will cost $500,000. Heron used the event to issue a bold challenge to Ontario school boards to provide funding to install a Mikey device in every school in the province. “We believe that it should be mandatory to install a defibrillator in schools, just as it is to have fire extinguishers available,” says Heron. The announcement – made at Mississauga’s Applewood Heights Secondary School, which recently welcomed its first Mikey defibrillator – marks another accomplishment for the Mikey Young At Heart program. The initiative will provide coverage to approximately 170,000 students and school employees, and hundreds of thousands of people attending after-school programs across Peel Region. To date, the Mikey Young At Heart program has placed more than 200 Mikeys in schools across the GTA while creating public awareness and providing education about heart-healthy lifestyles. “We’re thrilled to be working with the Peel District School Board to install Mikeys across the region’s public schools, all while providing greater peace of mind to parents, teachers, administrators and students,” says Heron. 096 new Condo Guide may 10 - 24, 2014
The Mikey Network was founded in 2003, following the sudden passing of Heathwood Homes partner Michael Salem. Since inception, The Mikey Network has raised more than $3 million, placed more than 1,500 life-saving Mikeys in public places across Canada, trained more than 12,000 people in CPR/AED and saved 19 lives, including three students saved by Mikeys in Toronto high schools. “I believe the Network’s remarkable donation to the Peel District School Board will only further that work, making our schools some of the safest in North America,” says Mississauga Mayor Hazel McCallion. Installation of Mikey defibrillators across Peel board schools commenced in February, with the rollout slated for completion in 2017. To donate, or for more information, visit mikeynetwork.com.
407 401
410
N
Presentation Centre
QEW
Hu r on t a r io S t .
403
Eglinton Ave. To Toronto
PINNACLE INTERNATIONAL.CA VANCOUVER . SAN DIEGO . TORONTO . Brokers protected. Rendering is artist’s concept. Prices and specifications are subject to change without notice. E. & O.E.
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416.626.4889 098 NEW CONDO GUIDE MAY 10 - 24, 2014
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RICHMOND HILL’S MOST ANTICIPATED LUXURY CONDOMINIUMS
STARTING FROM
$295,000* Register for Tower C Today
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Exclusive listing: Royal LePage —Your Community Realty Brokerage Broker Protected E&EO. Prices and Specifications are subject to change without notice. Illustration is artist concept. MAY 10 - 24, 2014 NEW CONDO GUIDE 099
condo profile
DANIELS FIRSTHOME AURORA soon to make a double debut Watch for beautiful first-time buyer-friendly homes to go on sale this spring in two amenity-rich locations
g
reat news for first-time buyers who would like to own in the prestigious Town of Aurora! This spring, The Daniels Corporation will open the door to affordable home ownership with Daniels FirstHome Aurora in two great locations. Amazingly priced one-, two- and three-bedroom condominium townhomes will be available at FirstHome Aurora at Lewis Honey at Bayview Avenue and St. John’s Sideroad; as well as FirstHome Aurora at 100 new Condo Guide may 10 - 24, 2014
John West Way, on John West Way, south of Hollidge Boulevard. Just imagine being able to afford a beautiful, brand new, fully built Daniels-quality condominium townhome in one of these incredible locations. Yes, fully-built! “One of the many perks in buying in a Daniels FirstHome Community
is being able to move into your new home within 30, 60 or 90 days after purchasing,” says Daniels vicepresident Don Pugh. “We put a lot of thought into the things that make buying a first home easy. By building before going on sale, Daniels offers potential purchasers the opportunity to walk through a model of every home design at the Preview Event to decide which layout best suits their lifestyle and needs. This helps first-time buyers purchase with more confidence, and it’s wonderful to see how excited they get about being able to move-in without a long wait!” These two home collections will be the 14th community in the innovative and highly successful Daniels FirstHome program. Following hot on the heels of recent Daniels successes in York Region, which are part of the company’s expansion into the north GTA. Lewis Honey Towns & Semis in Aurora is already sold out, and Daniels Condominium Townhomes The Highlands in Newmarket has proven tremendously popular. The time is right to introduce townhomes specifically aimed at first-time buyers in the area. At FirstHome Aurora, prices will begin from an unbelievable $249,900. “In addition to fantastic pricing, we offer innovative financial and lifestyle incentives,” Pugh explains. “We have helped thousands of people enter the new-home market already. The pent-up demand for easy, affordable first-time home ownership in the GTA is obvious – these communities often sell out in one day, some in a few hours!” Pugh also points out that affordability goes far beyond attractive price points. “Our
“ Homeowners will be close to just about any amenity they could want. Everything families need is minutes away, including shopping plazas, parks, schools, golf courses, recreation centres – you name it. financial and lifestyle incentives at our FirstHome Communities are unique in the GTA. For example, we offer our Gradual Deposit Payment Plan that allows new homeowners the opportunity to pay only $2,500 with the Agreement of Purchase and Sale, and another $2,500 within 10 days of the purchase, and then $1,000 every month until they reach five per cent of the purchase price or final closing on their new home. It’s incredibly easy.” Daniels is also working with financial institutions to cap the mortgage rate at a low level. Keep in mind that first-time homebuyers who meet certain criteria can withdraw up to $25,000 from their personal RRSP to use toward their downpayment. Many buyers also qualify to receive the First-Time Home Buyer’s Tax Credit of up to $750 in tax relief toward closing costs. Pugh points out that location adds a lot of value to the upcoming Aurora communities. “Homeowners will be close to just about any amenity they could want. Everything families need is minutes away, including shopping plazas, parks, schools, golf courses, recreation centres – you name it. Hwy. 404 is only a few moments away. For commuters, Aurora is centrally located in the GTA. We’re tremendously excited about FirstHome Aurora. Anyone interested should register now for our Preview Event coming this spring.” The Daniels Corporation (danielshomes.ca) is one of Canada’s preeminent builders/developers, building more than 25,000 new home communities across the GTA for 32 years. Daniels was named the Tarion Warranty Corporation’s 2012 Ontario High Rise Builder of the Year and the recipient of the 2012 Toronto Arts and Business Award presented by the Toronto Arts Foundation. Among its many initiatives, Daniels was chosen to partner with Toronto Community Housing to revitalize Regent Park – 69 acres in Toronto’s Downtown East. Committed to community, Daniels offers innovative programs that help people achieve home ownership, champions neighbourhood initiatives that enhance quality of life, and supports numerous charities and non-profit organizations. Owning a brand new home in Aurora is within the reach of first-time buyers who hurry. Daniels FirstHome™ Aurora will go on sale this spring, and judging from the response Daniels has received already, these homes are sure to sell quickly. Register today to receive an invitation attend Daniels’ Preview Event this spring by visiting danielsfirsthome.ca or by calling 905.821.0822. You can also stay up to date on this exciting new community on Facebook and Twitter (@Daniels1stHome). may 10 - 24, 2014 new Condo Guide 101
in the news
Two Men and a Truck celebrates corporate store grand opening in Mississauga PICTURED Left to right:
Two Men and a Truck – International CEO Brig Sorber and executive vice-president Jon Sorber; Chairman of Two Men and a TruckCanada and The Mikey Network, and president of Heathwood Homes Hugh Heron; Mississauga-Brampton MPP Amrit Mangat; president of Two Men and a Truck – Canada, John Prittie; Mississauga Mayor Hazel McCallion; Two Men and a Truck – Canada general manager Dan Hopkins; Ward 5 Mississauga Councillor Bonnie Crombie. (Photo credit: Nicola Betts)
the “Movers Who Care,” has officially opened its newest corporate store at 5425 Maingate Dr., in Mississauga. General manager Dan Hopkins celebrated the occasion with a demonstration of how a Mikey defibrillator installed in all his moving trucks saves lives through a program called “Mikey on Board.” Dignitaries participating included the “original two men” of Two Men and a Truck – International, CEO Brig Sorber and executive vice-president Jon Sorber. Also attending were Amrit Mangat, Mississauga-Brampton MPP; Mississauga Mayor Hazel McCallion; and Ward 5 Councillor Bonnie Crombie. Says Chuck Resnick, vice-president, marketing and operations, Two Men and a Truck – Canada, “We hope we never have to use these Mikeys, but when you consider the physical nature of moving, it makes sense to have defibrillators on our trucks, in case our movers or families Two Men and a Truck – Canada,
102 new Condo Guide may 10 - 24, 2014
involved in a move have a problem. And, there is always the possibility of someone going into sudden cardiac arrest walking down the street, or perhaps being in a car accident. So with our trucks on the road, we are now in a position to be able to respond should someone need help.” Hugh Heron, Two Men and a Truck and Mikey Network chairman and president of Heathwood Homes, adds, “These moving trucks with their EMStrained personnel circulate throughout their communities every day and by carrying a Mikey, they carry a second chance at life for people who might be affected by sudden cardiac arrest. This program is a tremendous venture and for Two Men and a Truck in Canada, it’s a moving industry first. “We challenge other companies with vehicles on the road to follow suit and install Mikeys, and have their staffs trained in CPR/AED.”
GRAND OPENING JUNE 7TH
Designer Condo Suites Wrapped in Historic Luxury Starting from the Mid $
200’s
A HAMILTON ICON EVOLVES
112 King Street East, Hamilton, ON L8N 1A8
Own a Piece of History
REGISTER NOW AT ROYALCONNAUGHT.COM Renderings are artist’s concepts. Prices & specifications subject to change. E. & O. E.
in the news
A century of Canadian luxury reimagined with
The Residences of Royal Connaught Nearly 100 years after the original launch of Hamilton’s grandest icon, history is re-born June 4 with the arrival of the city’s most anticipated development – The Residences of Royal Connaught. Born in the era of ultimate elegance, the Royal Connaught was Hamilton’s answer to Edwardian luxury, a playground for celebrity and international high society. After sitting vacant for over a decade, the new Connaught signifies a pivotal moment in the country’s fastestappreciating real estate market. Set amidst vibrant urban culture, the Connaught’s celebrated address makes food, art and entertainment available in every direction. An urban crowd connects online and in person for original openings, pop-up culinary experiences and a noted indie scene. Heading north toward a vibrant waterfront, design and vintage boutiques, coffee shops, maker markets and florists line hip James Street North. Dozens of independent galleries showcase a thriving arts scene and collectively open their doors for the famed monthly Art Crawl. Walking south, happy hour lingers over crafted cocktails and charcuterie at 2 Black Sheep, while dinner serves up meat-centric off-cuts from Rapscallion’s blackboard. Due west, walk off Earth to Table’s Sunday brunch on the Bruce Trail, the verdant escarpment framing Locke Street’s eclectic shopping district. 104 new Condo Guide may 10 - 24, 2014
“Hamilton’s moment as a destination city has arrived. Its incredible transformation is capped by the rebirth of The Royal Connaught. The time for Hamilton is now. It’s truly a great moment to live in the city,” says Glen Norton, manager of urban renewal for the City of Hamilton. Past the century hotel’s intricate façade, the opulent Art Deco lobby is a welcome respite from the busy city core. A decadent entrance opens up to an unparalleled three-storey interior featuring dramatic crystal chandeliers and expansive 23-ft. ceilings. Restored columns illuminate, framing the original
glass staircase and mezzanine. A bold matrix of ebony and granite play against soft white limestone floors, while gold and brass accents weave glamour throughout the décor. Reinforcing the legacy of the Connaught as a social hub, a sleek coffee bar and baby grand piano invite residents to connect. Ascending to the mezzanine, intimate seating and a plush fireside lounge overlook the bustling reception below.
Walking south, happy hour lingers over crafted cocktails and charcuterie at 2 Black Sheep, while dinner serves up meat-centric off-cuts from Rapscallion’s blackboard. With over 100 years combined experience, Valery Homes and Spallacci Group translate their love affair for Hamilton into this landmark restoration and their timing is perfect. Fronting the project is the Gore Park master plan, which will introduce new park space, central gardens and public art alongside a patio-lined pedestrian boulevard. The Connaught and the reimagined Gore Park become the crowning jewels of downtown, reclaiming the central block that wraps from King, along Catherine, to Main Street. With units starting in the mid-$200’s this metropolitan address lends a standard of living at a price point seldom found across the GTA. “We’re giving Hamilton a new heart. The scope of the Connaught will usher in the next era for the city,” says Rudi Spallacci, president of Spallacci Group. Anchoring the original structure, a seven-storey podium complementing the existing historic façade will introduce galleria shops and cafes into a public square. Designed by KNY Architects, the completed project including three new residential towers will house 700 condominium units in the heart of downtown. “A project of this historical significance is rare. The Connaught represented the pinnacle of society, not just in Hamilton, but across Canada. Its legacy endures as it once again becomes the focal point of the downtown core. It will be a truly remarkable place to call ‘home’,” says Ted Valeri, president of Valery Homes. Historic luxury transcends into spacious suites, blending classic and contemporary appeal to complement an urban lifestyle. Expansive windows in kitchens and bedrooms flood units with natural light and provide a lookout to the lush escarpment. Antique hardwood carries classic richness throughout the suite under generous 10-ft. ceilings. The two-bedroom model suite features clean lines, showcasing one of three designer styles available for the spacious units. Rich textures outfit the gourmet kitchen, appointed with premium stainless steel appliances and a culinary range. Sophisticated quartz counters meet a herringbone marble backsplash, while clever storage is prioritized throughout soft white lacquered cabinets. A mix of porcelain and marble outfit the main
bathroom, with chrome accents and a deep soaker tub. The master bedroom retreat opens to a walk-in closet and the master ensuite incorporates crisp marble with contemporary bath and shower fittings and a generous linen closet. An expansive eighth-floor rooftop playground connects the towers, offering over 37,000 sq. ft. of indoor/outdoor social space including a fitness centre, theatre, gaming room, party room with dining amenities, and a rooftop terrace equipped with outdoor fire pits and cabanas for entertaining. Centered by two nearby GO stations, The Royal Connaught is easily accessible by all-day train service to downtown Hamilton from the existing Hunter station and the future James Street station, scheduled to begin service for the 2015 Pan Am games. Throughway bike lanes and lake-side trails connect residents to the city’s east and west sides, expanding from the established textile district of Ottawa Street to the energetic Westdale village. Launching in June 2014, Phase I of The Residences of Royal Connaught will offer 122 new condominium suites housed in the original 13-storey landmark building. With a selection of elegant condo designs ranging from 555 to 1,084 sq. ft. purchasers can customize their suites with looks ranging from a classic to a more contemporary aesthetic. Condominium suites start from the mid-$200’s. The restored lobby houses the presentation centre and model suite at the corner of King and John in Hamilton. Phase I occupancy is expected for 2016. To register visit royalconnaught.com. may 10 - 24, 2014 new Condo Guide 105
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OUR GRAND PREVIEW! Visit now. Tower 2 is For You!
This is it! Starting May 10 at 11am, we’re previewing The Clairington Tower 2 – for you! You know what a huge success Tower 1 achieved and that interest in Tower 2 is even higher. So you know there’s no time to delay if you want to own the ultimate in condo luxury living overlooking hundreds of acres of lush parkland at Claireville Conservation Area. With green features like geothermal technology that offers savings on utilities as well as a reduced environmental footprint. You get it. That’s why you’ll visit the Sales Office right away!
WOODBRIDGE
Ask about our amazing Preview Incentives packages. • 9’ ceilings • balconies & terraces • Gourmet kitchens • Prestigious lobby design • Luxury amenities & more! FROM $229,900 TO THE HIGH $300’S SALES OFFICE HOURS: Mon. to Thurs. 1 pm to 7 pm, Sat. & Sun. 11 am to 5 pm Prices and specifications are subject to change without notice. Rendering is artist concept. E. & O. E.
theclairington.com
905-793-0002
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Bolton
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Telephone
TH* C*
Price Range
Page
Finder
The Clairington
905-793-0002
•
from $230,000
107
16E
3
Pinnacle International
The Marquee Townhomes on the Park
905-568-9000
•
from $720,000
63 & 97
20K
7
Great Gulf Homes
HOT
905-828-4257
•
from $220,000
23
16M
30 Pinnacle International
Pinnacle Grand Park 2
905-276-3981
•
from $350,000
63
20L
34 Pinnacle International
Pinnacle Uptown, Crystal 2
905-568-9000
•
from $255,000
63
19K
45 Empire Communities
Rain Condominiums
905-845-7246
•
from $200,000
7
17Q
2
Great Gulf Homes
Twenty Lombard
416-499-8883
•
from $492,000
16K
2
Great Gulf Homes
Corporate
greatgulf.com
•
16K
4
Conservatory Group
Mirage
905-232-2400
•
from $270,000
20K
5
AMACON
PSV2
905-273-9333
•
18M
8
Fernbrook Homes
Absolute World
416-869-6057
•
from $188,000
21k
8
Cityzen
Absolute World
416-869-6057
from $188,000
21K
10 AMACON
The Residences at Parkside Village
905-273-9333
•
from $250,000
21K
12 Alterra Homes
Renaissance in Olde Brampton
416-710-1010
•
from $295,000
13d
14 Pemberton Group
Rosedale Village Golf & Country Club
905-799-5000
•
from $346,000
12e
16 Vandyk Communities
Windows on the Green
905-822-3333
from $300,000
17M
17 Pemberton Group
Downtown Erin Mills Condominiums
905-630-6300
•
from $300,000
6C
18 Retirement Lifestyle Communities
Palisades on the Glen
905-820-8210
•
from $290,000
17M
19 United Lands
Stonebrook II
905-822-8858
•
22n
21 Casino Bay Dev. Corp./Toddglen
Panoramic Point at Brewery Bay
27 Inzola Group
•
•
1-866-611-5525
•
from $264,000
7Q
Park Place
905-451-7001
•
from $310,000
14G
32 Armour Heights Developments
River’s Edge
905-533-2400
•
from $285,000
14A
35 Ashley Oaks Group
Emporium at Joshua Creek
905-618-0660
•
from $200,000
17P
38 Tridel Corporation
Metrogate - Ventus 2
416-293-5535
•
•
from $302,000
19J
38 Tridel Corporation
Ventus at Metrogate
416-293-5535
•
•
from $344,000
19J
46 Mattamy Homes
The Mount Pleasant Village
mattamyhomes.com
•
from $200,000
20M
47 The Daniels Corporation
Daniels Erin Mills
905-306-6996
•
from $200,000
17M
*TH: Townhomes, C: Condo
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554
905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North
#
109
1
A
2
3
4
5
6
7
8
9
10
11
12
13
14
15
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
16
17
18
19
20
East
Hwy. 27
26
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Leslie St
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#
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32
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Price Range
Page
Finder
13 Liberty Development Corp.
Legacy Park
905-731-8302
•
from $280,000
37
10g
43 Guizzetti Developments
Grand Palace
905-907-4370
•
from $295,000
99
12E
44 Liberty Development Corp.
Centro Square Condos 2
905-851-8877
•
from $280,000
36
4G
46 Empire Communities
The Mark
905-554-5015
•
from $250,000
6
21E
•
16D
1
Monarch Corporation
Garden Court
416-495-3595
2
Flato Development
Arthouse
905-554-8722
from $200,000
22E
4
Tridel Corporation
Renaissance of Richmond Hill
416-736-9500
•
from $740,000
12G
7
MintoUrban Communities Inc.
•
from $254,000
11G
from $250,000
13F
WaterGarden
416-915-3800
10 Great Lands Corp.
The Beverly Hills Resort Residences
905-882-6636
11 Triaxis Development Inc/Marino Developments
Courtyards of Maple
416-798-7070
•
from $390,000
8E
12 Greenpark Homes
UV2
905-554-6501
•
from $253,000
22F
13 Liberty Development Corp.
Legacy Park
905-731-8302
•
from $280,000
10g
14 Remington Group
The Signature Condominium
905-948-9900
•
from $300,000
18F
20 Solmar Development Corp
Bellaria Residences
905-417-8482
•
from $240,000
7e
22 Quadra Mgt. & Sceptre Devs.
Renaissance Court at Woodbridge Gates
905-851-4220
•
from $505,000
3G
22 Wycliffe Homes
Fairground Lofts
905-605-5900
•
from $340,000
3G
24 Liberty Development Corp.
The Fountains
905-731-8302
•
from $272,000
10F
26 Rice Development
Ambria
905-796-3630
•
from $340,000
3F
28 Chestnut Hill Homes
San Francisco by the Bay
905-831-3631
•
from $200,000
22C
31 Pemberton Group
Miracle at Yonge
905-709-5700
•
from $280,000
12F
31 Pemberton Group
Sky City
905-709-5700
•
from $320,000
12F
31 Pemberton Group
•
•
Sky City 2
905-709-5700
•
from $320,000
12F
32 Liberty Development Corp.
Royal Gardens
905-889-9997
•
from $240,000
14f
32 Signature Communities
TAO Boutique Condos
905-597-2535
•
from $200,000
14F
34 Sierra Homes
68 Main Street
905-305-0822
•
from $250,000
22F
40 Nova Trimax
Allegra
905-850-6866
•
from $250,000
1F
41 Quadcam Development Group Inc
Vista Parc Condominiums
905-850-8883
•
from $260,000
3F
45 Kylemore Communities
The 6th Angus Glen
905-887-9950
•
19E
*TH: Townhomes, C: Condo
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554
IN THE MARKET FOR A
NEW HOUSE
OR A CONDO?
We think finding a home is a lot more than simply finding the right property. That’s why we put you right in the middle of the search process.
Search your favourite neighbourhood
Find out about nearby services and amenities
View new construction projects and register to get the latest info
Visit the new real estate section on canpages.ca and start looking for that special place.
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MAY 10 - 24, 2014 NEW CONDO GUIDE 111
condo watch Yorkville Plaza II by Camrost Felcorp
A new signature residence coming soon to Cumberland and Avenue Road. Preview registration now on. Web: CumberlandTower.com
The College Condominium by Tribute Communities
Now previewing. Discover everything College and Spadina has to offer. Web: MyTribute.ca
416
Builders: If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@wall2wallmedia.com
previews & registrations Wellesley on the Park by Lanterra Developments
Register for your priority preview at this landmark community in the heart of the city, on Wellesley between Bay and Yonge. Web: 11Wellesley.com
One Park Place, South Tower by The Daniels Corp.
Coming soon to Sumach south of Dundas, the “one” place to be in downtown east. Register for information. Web: DanielsOneParkPlace.com
The Upper House Condos by KCAP Laird
HighPark Condominiums by The Daniels Corp.
The Parkside Collection has arrived! Limited collection of two-storey walkouts offering street side living steps to High Park. Register now. Web: DanielsHighPark.com
River City 3 by Urban Capital
Experience “Extreme Architecture” at it finest. Register now for your priority preview. Web: ExtremeArchitecture.ca
Dundas Square Gardens by Easton’s Group
Downtown Toronto condos coming soon. Register now to stay up to date. Web: DundaSquareGardens.ca
Beacon Condominium by Sorbara Group
Elegant 35-storey tower at North York City Centre with sophisticated amenities, world-class shopping and subway at your feet. Register now. Web: BeaconCondos.ca
Soul by Fram Building Group
Register now to be close to everything, and far from ordinary! Web: MySoulCondos.ca
Diva Condo by Torbel
North York’s newest boutique condo coming soon. Register now to stay informed. Web: DivaCondo.com
Ten93 by Pemberton Group
Now previewing: an eclectic fusion of fashion, art, culture, creativity and style at Queen West and Dovercourt. Web: Ten93QueenWest.com
The Academy by Lemine & Devron
Introducing Leaside’s only boutique condo and townhome community. Register now to stay informed. Web: TheUpperHouseCondos.com
Graduate to a golden investment. Register now to attend the VIP Preview Event. Web: AcademyCondos.com
Harbour Plaza by Menkes
King & Parliament by Great Gulf
Coming soon to the heart of the city – condominiums at York and Harbour. Register now. Web: Menkes.com
Condos priced from the mid-$200’s coming soon to King and Parliament. Opening in spring 2014. Register now for priority updates. Web: GreatGulf.com/comingsoon
FWD Condominiums by Concord Adex
The Code Condos by BLVD & Lifetime Developments
The latest phase launched in the Concord CityPlace neighbourhood. Register now. Web: CityPlace.ca
Offering affordable living in Forest Hill, condos starting in the mid-$200’s. Register now. Web: TheCodeCondos.com
Canary Park Condominiums by Dundee Kilmer Developments
The Harlowe by Lamb Development Corp.
Register now to be part of the exciting second phase at Canary District – home to the athletes of the Pan/Parapan Am Games. Web: CanaryDistrict.com 112 new Condo Guide may 10 - 24, 2014
Artistic lofts coming to Queen and Bathurst. One’s, two’s and three’s from $259,900. Register now. Web: TheHarlowe.com
new releases & grand openings Riva del Lago by Monarch
Now open, a new boutique condo making waves on the waterfront. Web: MonarchGroup.net
Totem Condominium by Worsley Urban Partners
Presentation centre and model suite now open! A perfect 100 on walkscore.com, stellar amenities, iconic architecture. Web: TotemCondos.com
Triumph at Valhalla by Edilcan
Special grand opening incentives available for a limited time. Affordable luxury never looked better! Web: TriumphCondos.com
Howard Park 2 by Triumph Development
Now releasing Phase 2 in Roncesvalles Village. Register now to be in the know. Web: HowardPark2.com
Brownstones at Westown by Lindvest
Discover tremendous value at Weston Road and Sheppard Avenue West. The “Astoria” model suite is open for viewing. Web: Lindvest.com
The Taylor by Streetcar
Presentation centre is now open in this new Leslieville community offering 96 modern lofts. Web: TaylorLofts.ca
Harmony Village by City Core Developments
Now open at Sheppard and Warden. Live in perfect harmony with comfort, convenience and culture. Web: HarmonyVillage.ca
SQ at Alexandra Park by Tridel
Grand opening of this dramatic new condo in this master-planned community at Spadina and Queen. Web: Tridel.com
1 Yorkville by Bazis/Plaza
Now open in Toronto’s lap of luxury. Visit the presentation centre at 162 Cumberland St. Web: 1Yorkville.ca
The HUB by Empire Communities
New release of townhomes in Eglinton West. Get connected, live life on tomorrow’s fast lane. Web: EmpireTheHub.com
The Britt Condos by Lanterra
New release of The Upper Suites. See The Britt from a different point of view! Web: TheBrittCondos.com
Trio at Atria by Tridel
Grand opening now on at the next great phase of Atria in North York Web: Tridel.com
GTA Edition May 10 - 24, 2014
Your complete source for condos, lofts and townhomes in Toronto
IN THIS SECTION Maps and listings for new condo communities in the 416 region Builder news and the latest in condos in the 416
homebuyers’ help
Condo hunter’s checklist
When shopping for your dream condo, carry this list with you and take notes to help you remember what you saw, and where! condo #1
condo #2
condo #3
condo #4
Project & address:
Project & address:
Project & address:
Project & address:
Salesperson:
Salesperson:
Salesperson:
Salesperson:
Phone:
Phone:
Phone:
Phone:
Developer/builder:
Developer/builder:
Developer/builder:
Developer/builder:
Type:
Type:
Type:
Type:
2-storey highrise bungalow
detached conversion townhome
2-storey highrise bungalow
detached conversion townhome
2-storey highrise bungalow
detached conversion townhome
2-storey highrise bungalow
detached conversion townhome
Sq. Footage:
Sq. Footage:
Sq. Footage:
Sq. Footage:
# of bedrooms:
# of bedrooms:
# of bedrooms:
# of bedrooms:
# of bathrooms:
# of bathrooms:
# of bathrooms:
# of bathrooms:
Interior appliances:
Interior appliances:
Interior appliances:
Interior appliances:
Options:
Options:
Options:
Options:
Parking facilities:
Parking facilities:
Parking facilities:
Parking facilities:
Special incentives:
Special incentives:
Special incentives:
Special incentives:
Price:
Price:
Price:
Price:
Down payment:
Down payment:
Down payment:
Down payment:
Condo fees:
Condo fees:
Condo fees:
Condo fees:
Financing available:
Financing available:
Financing available:
Financing available:
Other comments:
Other comments:
Other comments:
Other comments:
114 new Condo Guide may 10 - 24, 2014
Ontario Home Builders’ Association Award Winner
THE MOST OUTSTANDING MID-RISE BUILDING IN 2012 STARTI N G FROM
$306,900 MODEL SUITES
NOW OPEN
MOVE OVE IN NOW! NO Condominium Registered
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Kipling Ave. Long Branch
queenscorp.com
|
416.354.2221
N Kipling Ave.
All prices & specifications are subject to change without notice. E.&O.E. All Illustrations are artist’s concept only. Brokers Protected – some conditions apply.
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New Release of Designer Finished Suites Sumptuously upgraded units including over $38,000 in designer selected finishes.
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Watermark is designed to be a hallmark building featuring timeless elements of traditional architecture combined with modern sensibilities of design and function. This exclusive community will be located just steps from Lake Ontario’s waterfront in the vibrant community of Long Branch. With easy access to public transit and several major highways, Watermark promises to be the perfect place to call home.
Brown’s Line
N
Lake Shore Blvd. W.
condo profile
UNBEATABLE VALUE IN YORKVILLE, and THE LIFE YOU’VE BEEN LOOKING FOR Chaz.Yorkville offers tempting incentives for urbanites with great taste
y
orkville living at Chaz.Yorkville sets the bar high! What do you want to get out of city living? An optimum location. A beautiful way to offer hospitality to all your friends and family at once. Hotel style without hotel prices. Purpose-designed places to stay well, stay fit, and stay energized without leaving the comfort of home. Membership in a private club that will take your breath away. A subway network
116 new Condo Guide may 10 - 24, 2014
and the whole city just minutes away. Shopping, dining, and cultural options that are simply dazzling, both in quality and in quantity. The best of downtown is your own backyard. That sounds about right. You don’t have to give up a thing to live the way you really want to at Chaz.Yorkville – and with brand new pricing starting in the $300s’, just a five-per-cent deposit required, and up to $25,000 cash back, now is the very
Charles Street is a little pocket of quiet green in the epicentre of Toronto, at the city’s most famous intersection – Yonge and Bloor best time to buy. Developer 45 Charles Ltd. and project manager Edenshaw Homes are delivering on the promise of exceptional value, extraordinary design, and an enviable lifestyle even as you read this! Construction is well underway, and Chaz.Yorkville’s distinctive octagonal podium and limestone cladding on the rising tower are already showing signs of being the landmark building you’d expect in this aspirational neighbourhood. Charles Street is a little pocket of quiet green in the epicentre of Toronto, at the city’s most famous intersection – Yonge and Bloor. Every subway line is within a few minutes’ walk, with the downtown core, U of T, Hospital Row, the Danforth, High Park, and uptown destinations just a quick ride away. It’s in a neighbourhood like Yorkville that a life becomes a lifestyle, and there’s no better place to build that lifestyle than right here. You’ll feel the day’s tension slip away as soon as you enter through one of two Cecconi Simone-appointed lobbies. Sit with a book by the fireplace, entertain guests in the dining room, or challenge friends on the billiards table. Every day will bring you a new appreciation for the place you call “home.” The second floor is bursting with
amenities that promote your personal wellness, with a modern fitness centre with yoga/Pilates and spinning space, his and her steam rooms, relaxation room, and unique hydro-massage bed. The entertaining amenities here expand your square footage into the thousands, with gorgeous guest suites and three extraordinary media spaces: a Hollywoodworthy movie theatre, a casual sports lounge, and the perfect place to engage the most nefarious of foes — the Gamers’ Arena. Enhancing your experience is state-of-the-art technology including 4K resolution and purpose-built gamers’ chairs with built-in audio and video in the arena. The Chaz Club will dazzle anyone with whom you choose to share it. Cantilevered out over the city streets from the 36th and 37th floors, it offers stunning views, and a two-storey Grand Room with lounge and bar, as well as a five-star dining area with a demonstration kitchen and a breathtaking terrace so cleverly designed, it blurs the line between out and in. Move at the speed of life, with the quickest Internet speeds available thanks to Rogers fibre optic wiring, and the Bazinga! community-building platform which makes it easy to keep track of everything from condo board minutes to window washing schedules, while facilitating neighbourly communication that can even help you find a walking buddy! This vibrant city lifestyle can be yours. New floor plans have just been released, with soaring 10-ft. ceilings and premium features adding to the already-remarkable value Chaz.Yorkville offers. Don’t wait another day. Ask about amazing opportunities including fiveper-cent deposit, up to $25,000 cash back, and new pricing from the $300’s. Visit the sales centre at 101 Yorkville Ave., open Monday to Thursday, noon to 6 p.m.; Friday 2 to 6 p.m.; Saturday and Sunday noon to 6 p.m. Call 416.922.0045 or visit ChazYorkville.com. may 10 - 24, 2014 new Condo Guide 117
quick tips
// by hellen buttigieg
Tidy up
in just a few minutes a day
bedroom. Deposit the items in the rooms where they belong right away (or first thing in the morning if you’re too tired). Be sure to take the basket back out when you get up the next day. The key is to get into the habit of doing this daily so the basket doesn’t get too full, otherwise it becomes too time consuming to put everything away.
Do it now and save time Delaying tasks actually creates more work
Hellen Buttigieg is a certified professional organizer, life coach, TV host, owner of We Organize U and author of the best-seller, Organizing Outside The Box. For tips on getting organized, visit WeOrganizeU.com and sign up for the free newsletter.
There are two tricks you can
use to keep your home neat with little effort: scan and grab. Any time you leave one room, scan it quickly to see if there’s anything that belongs in the room that you are going to (or along the way). Keep a basket at the end of the hall and any time you come across something that belongs in another room, toss it in. At the end of the day, grab the basket on your to the
118 new Condo Guide may 10 - 24, 2014
and wastes time. Fold or hang your clothes immediately after the dryer cycle is complete and you will spend less (or no) time ironing. Load the dishwasher (or wash the dishes) as soon as you’re done eating and you’ll spend less time rinsing, scraping and scrubbing.
Smart storage You’ve probably heard the term “a place for everything
and everything in its place.” This is so true, but it’s only part of the solution. The second half of this wisdom is to keep things in a logical position. For example, keep keys by the exit door, coffee and filters in the cupboard above the coffee maker, and magazines in a basket beside the chair where you do most of your reading. Not only will this make it easier to find what you need quickly, it will also cut down on steps and save you time. Next time you are trying to find a home for something, instead of asking “where should I put it,” ask “where would I use it.”
Coming Soon
North York’s Newest Boutique Condominium
• Walking distance to Downsview subway station and other amenities • Close to Yorkdale Mall and Downtown North York • Live close to the 572 acre Downsview Park, Canada’s largest urban park
Offering North York’s Best Value 2 BEDROOM DESIGNS S TA R T I N G F R O M
309,900
$
1 BEDROOM DESIGNS S TA R T I N G F R O M
224,900
$
Register Now! @ divacondo.com Prices, terms and specifications subject to change at any time without notice. E. & O. E. Rendering is Artist’s Concept.
Designer Advice
Conceal &
reveal
// by Yanic Simard
Living high in the sky, one of the best features of a condominium space is often the spectacular vistas from multiple floor-to-ceiling windows. However, when night-time comes (or when you don’t want anyone to have a view in from outside), how do you dress your windows while still keeping that sleek, condo-chic appeal? There are actually numerous options for filtering, obscuring or exposing the outside world, working with windows of any size. Here are some tips to finding the style that suits your views.
Drapery
›› T imelessly elegant, condo drapery generally works best when kept simple. If possible, drape full walls to keep the lines seamless (even if there are areas of solid wall that don’t technically need covering), using a simple straight pleat on a straight track or rod. Mount the track at the ceiling, and go for an invisible hospital-style track rather than a decorative rod to let the fabric – or the view – speak for itself. ›› C lean white sheers are a great option for filtering light (and the view inside) without completely erasing the windows. Many spaces use just sheers, although a more opaque layer can be added over top on a separate
120 new Condo Guide may 10 - 24, 2014
track to give you coverage options. Keep in mind that your building will likely have regulations concerning what treatments can face outdoors. A sheer lining layer can help keep your windows “white to the street.” ›› To keep a modern and open look, use a material in a hue that blends into your wall colour. For a more lively accent that feels sleek and contemporary, try colour-blocking. This can be easily achieved by adding a band of contrasting material to the bottom of readymade curtains (if you’re a skilled sewer) or made by a seamstress. Ask a fabric supplier if they have solid-colour offcuts to find this small accent of fabric for a minimal investment. Shades + Shutters
›› In-window shades are another popular option for condo windows, as they give a simple architectural look when pulled closed and can virtually disappear when open. Like drapery, these can be layered (with darker shades or lighter drapery) to allow for light-filtering sheers during the day and opaque screens at night. ›› For an architectural approach with a masculine edge, look to inspirations like the Germain family of hotels: their sleek interior shutters are finished in may 10 - 24, 2014 new Condo Guide 121
the same wood that dresses the built-in wardrobes and desks for a very clean and consistent (but rich and warm) look. ›› S hutters also look beautiful layered under sheer drapery or behind roll-down shades, for a transitional mix of hard and soft, a detail I appreciated at Le Germain Montreal. For an all-in-one option, try a product like Benjamin Moore’s Pirouette shades, which use shutter-like opaque panels bonded to an outer layer of sheer shades. ›› W hen choosing shutters, stick to quality wood, metal or durable synthetic options - inexpensive shades can quickly become dented or nicked, showing wear and tear early. ›› D uring my recent stay at the stunning Modern Honolulu, Hawaii, I loved the louvered door treatments on the balcony doors. Echo your shutters on the doors to create the feeling of a tropical getaway even when they’re shut (and even if you’re far from the water). Glass treatments
›› F or a more temporary solution at a lower investment, or in spaces where a wide open view will never be desirable (such as in washrooms or where facing a neighbouring tower), consider press-on window film. When applied per the manufacturer’s instructions, these “frosting” panels can give a clean and neat look to smaller windows while permanently filtering the view – at least until you choose to peel them off! ›› F or large windows, considering using panels to create a pattern rather than trying to perfectly connect the edges – the seams will likely show. Leaving a band of open window at eye level will give you a peak outside without really allowing a view in. ›› S imilarly, there are now multiple options on the market for glass frosting sprays that create a removable coating rather than permanently etching the surface. They may take more effort to scrape off in the future but they can fill any-sized area you tape off. Inventive Options:
›› I n the lobby of the Shangri-La Hotel Vancouver I noted their use of a large folding screen to carve out a more private space without completely obscuring the window behind. Some light can still filter in this way without giving much for prying eyes to look at. Try using a traditionally detailed screen (especially an antique) with 122 new Condo Guide may 10 - 24, 2014
modern furnishings for an eclectic mood. ›› If you don’t need total privacy but just don’t want to feel like your living in a fishbowl, a few tall plants will make a lush backdrop to a seating group or low media unit, giving your space an extra sense of life while breaking up the sightline. ›› In a client’s bathroom, I added a screen on a swing-out arm to cover a small window. You could also use a framed art piece or a mirror. ›› Don’t be afraid to back furniture against a window! A large bookcase style media unit, with space for the television, books, art and storage boxes will create a focal point for a seating group, and avoid glare and reflections on the tv that might occur if it were placed opposite the window instead.
Yanic Simard is the design editor of New Condo Guide and principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Yanic often applies his signature high/ low and old/new combination design techniques in developing unique interiors. Yanic has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca.
condo profile
For affordable, chic condo living
s
VHL Developments creates two stylish Scarborough options
carborough is the place to be – especially if you are style- and price-conscious, and want to be within easy reach of downtown Toronto. With these needs in mind, VHL Developments created two condo options at prices that come in considerably less than comparables in downtown TO. 2150 Condos and Haven on the Bluffs offer all the finishes, features and amenities that a cosmopolitan life demands. With access to GO Transit and the subway, you can leave your car at home, in its free parking space, and reach downtown without any traffic hassles. Who can argue with this? Not the buyers who have already filled Tower 1 of 2150 Condos that is under construction with occupancy next spring. Or those who are anxiously awaiting the release of Tower 2, the second phase of this project launching May 10. VHL Developments will offer purchasers the identical
lifestyle amenities as Tower 1, with one-, two- and three-bedroom plans that include imported granite countertops, stainless steel appliances, glass-tiled kitchen backsplash and premium 12-millimetre laminate flooring throughout. Plus, a parking space is included with each suite at no additional cost. 2150 Condos has the notoriety of offering suites which are noticeably larger and more spacious than most, as is evident in the two-bedroom, two-bathroom model suite of 908 sq. ft. You’ll find additional plans for one-bedroom suites up to 600 sq. ft., two-bedroomplus-dens up to 808 sq. ft., and three-bedrooms up to 950 sq. ft. with prices starting at $206,600. Outdoor living areas are just as spacious with balconies, and terraces as large as 690 sq. ft. With parking included in the purchase price, there are no cumbersome add-ons continued on page 126…
124 new Condo Guide may 10 - 24, 2014
condo profile
continued‌
to elevate the price. 2150 Condos is located on Lawrence Avenue East at Birchmount Road, just north of Eglinton, minutes east of the Don Valley Parkway and just west of the Scarborough Town Centre. In just a few minutes you can access Hwys. 401 and 404 or the downtown core. Three towers will surround a landscaped private courtyard with the main entrance from Lawrence curving between the west and south building as a welcoming arch into these residences. A treed entry feature and sitting areas along with rooftop gardens will offer pleasant outdoor spaces and a sanctuary from the city. Residents share the podium-style, three-level central hub that will unite both buildings with a rooftop terrace, barbecue area and other amenities. Within the impressive 12-ft. lobby entrance, you will be greeted by premiere concierge service offering peace of mind, safety and security. Echoing the success of 2150 Condos, buyers have already committed to 60 per cent of the suites within Haven on the Bluffs, offering a lifestyle for those with a taste for luxury and lake-front living. Located on Kingston Road, this 250-unit condominium features one-, two- and three-bedroom suites, spacious terraces and year-round breathtaking views of Lake Ontario. Its stepped design gradually reaches up to the higher suites that recede to the rooftop with ample outdoor space to enjoy the views. Inside, VHL Developments has enhanced suites with nine-ft. ceilings, gourmet kitchens with marble countertops and backsplashes, stainless steel appliances, spa-like bathrooms and premium 12-millimetre laminate flooring. Public areas include outdoor terraces with a barbecue 126 new Condo Guide may 10 - 24, 2014
area, party room and exercise facilities. The grand, European-inspired lobby will offer first-class concierge services. GO Transit is nearby, taking you directly to the DVP and downtown. Priced from $207,200 for one-bedroom units and $295,800 for threebedrooms, Haven on the Bluffs has become the answer to affordable luxury. VHL Developments has presented two cosmopolitan options for condo living in Scarborough – the choice is yours. For 2150 Condos, visit the model suite at 2150 Lawrence Ave. E., at Birchmount, or view online at 2150condos.com, email info@2150condos.com or call 416.750.2150. For Haven on the Bluffs, visit the sales centre at 2229 Kingston Rd., view thebluffs.ca, email info@thebluffs.ca or call 416.261.9555.
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Clean Living in the Real World Visionization is the next tier in sustainable, green initiatives, based upon the theory that if we can dream it, we can make it happen. It is this maverick thinking that has drawn trusted contractor and television personality Mike Holmes to a partnership with Stanton Renaissance through their shared vision of an environmentally sustainable future. Together, they plan to develop sustainable building initiatives including On The Go Mimico – an exciting first within the luxury condominium market. At Stanton Renaissance, Visionization is changing the world we live in; one condominium at a time. The future is happening right now in a Stanton Renaissance building. To learn more about Visionization, please visit stantonrenaissance.com.
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The Future is Happening at these Stanton Renaissance Projects
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in the news
The Academy Condominiums present a real and unique opportunity in real estate investment
The guiding principal behind any considered real estate investment is ‘location, location, location,’ and this is especially true for investors considering purchasing a unit at The Academy, a new 26-storey, 339-suite condominium by the University of Toronto’s Scarborough Campus (UTSC). This is a revitalized and emerging neighbourhood now benefitting from significant growth and investment in infrastructure, transit and development from UTSC and multiple levels of government.
This is a revitalized and emerging neighbourhood now benefitting from significant growth and investment in infrastructure, transit and development from UTSC and multiple levels of government The location of The Academy is the future of what urban intensification will be within a major and thriving metropolitan area, a planned blending of commercial and residential properties, close to major highways and accessible to rapid transit, surrounded by open-air greenspaces and recreational facilities. The location nearby UTSC presents The Academy as the perfect investment for purchasers who wish to rent or lease out units to students or faculty. With a student population of more than 12,000, there currently exists student campus housing for only 769 students, all of which are allocated to first-year students. Projected enrolment at UTSC is expected to grow on average by 400 students per year over the next 20 years, bringing 8,000 more students to the area. Situated at Morningside Avenue and Ellesmere Road in the heart of thriving Scarborough, ranked by Toronto Life as one of the top ‘20 Next Big Neighbourhoods’, The Academy is a three-minute walk to UTSC campus, only a one-minute walk to Centennial College, one minute to Hwy. 401, and 10 minutes from the Don Valley Parkway, allowing swift access to downtown Toronto. Canada’s premier urban wildlife park, Rouge Valley, complete 128 new Condo Guide may 10 - 24, 2014
with many kilometers of trails, is nearby to the north with Morningside Park, part of the Rouge Valley system, across the street from The Academy. To the south are the Scarborough Bluffs nature area abutting freshwater Lake Ontario, complete with yacht clubs and a marina. The City of Toronto is investing heavily in this area, collaborating with the University of Toronto and major retailers, as evidenced by a major new shopping complex at Morningside and Hwy. 401, and future subway/LRT expansion into Scarborough. UTSC, with the Ontario government, is currently building a $248-million sports facility nearby The Academy in time for the 2015 Pan Am Olympic Games – the largest investment in Canadian amateur sport for the Games. Also completed in 2015 will be a $65-million Environmental Science and Chemistry Building, an added attraction to student enrollment. The University of Toronto has identified its Scarborough campus as its major growth campus and will by 2020 have completed multiple new buildings as part of a transformational master-plan for UTSC. Surrounded by a growing student population, transit, commercial and recreational infrastructure, with suite prices starting at just $188,800, The Academy represents a rare and affordable real estate investment opportunity. To learn more, register at academycondos.com.
Graduate to a
GOLDEN INVESTMENT Guaranteed DEMAND
Guaranteed RETURNS
Guaranteed
Huge housing shortage for the growing 16,000+ student body
An unprecedented positive cash flow opportunity
Priced 43% less than an average new GTA condo, but rents for 20% higher!*
CONDOS
University of Toronto Scarborough Campus
Toronto Pan Am Sports Centre
BY THE
Centennial College
Future University of Toronto Master Plan
VALUE
UNIVERSITY M sid Mor eeAve. orni ning ng sid
OF TORONTO SCARBOROUGH, Centennial College, Centenary Hospital and the Pan Am Sports Centre
El E lelle smsm erer e eRR d.d.
Ave.
VIP preview pricing for a limited time
188,800
$
FROM
DON’T MISS OUT! Register now to attend the VIP Preview Event
AcademyCondos.com *Percentage presented is based on RealNet Canada data on the GTA area. Rent assumption is based on the rent guaranteed by Vendor. Prices and info correct at press time. Illustration is Artist’s concept only. E.&O.E. Brokers are welcome.
Exclusive Broker
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* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
# Builder 2 Great Gulf Homes 6 Cresford Development Corp. 7 The Daniels Corporation 8 Cresford Development Corp. 10 Empire Communities 18 Monarch Corporation 18 Urban Capital 20 Tower Hill Development Corporation 22 Monarch Corporation 23 Tribute Communities 26 Bazis Inc. 27 The Daniels Corporation 28 Empire Communities 29 Pinnacle International 31 Worsley Urban Partners 35 Menkes Developments Inc. 37 Cresford Development Corp. 38 Easton’s Group 39 Lifetime Developments 40 Fernbrook Homes/Cityzen Dev. 42 Triumph Developments 43 K-CAP Laird Inc. 44 Tridel Corporation 45 Pinnacle International 52 Cresford Development Corp. 52 Cresford Development Corp. 53 Lanterra Developments 58 Great Gulf Homes 99 Great Gulf Homes 110 Great Gulf Homes 124 Pinnacle International 126 Great Gulf Homes 131 Lanterra Developments 140 Eden Shaw 140 45 Charles Ltd. 141 BSaR Ltd 149 Camrost - Felcorp 150 Aspen Ridge Homes 155 Lifetime Developments 171 Camrost - Felcorp 189 The Daniels Corporation 190 Cresford Development Corp. 199 Fieldgate Homes 202 Bazis Inc. 202 Rio Can 202 Metropia 215 Dundee Kilmer Developments 218 Malibu Investments Inc. 218 Urban Capital 222 Lamb Development Corp. 223 Concord Adex 1 Goldman Group & Lash Dev. Corp. 1 Goldman Group & Lash Dev. Corp. 3 Concord Adex 3 Concord Adex 3 Concord Adex 4 Gairloch Investments 4 Centrestone Urban Developments Inc. 5 Onni Group of Companies 5 Onni Group of Companies 7 The Daniels Corporation 8 Cresford Development Corp. 8 Cresford Development Corp. 9 Aspen Ridge Homes 11 Menkes Developments Inc. 11 Menkes Developments Inc. *TH: Townhomes, C: Condo
Site Telephone TH* C* Price Range Page Finder Yonge+Richmond 416-499-8883 • from $280,000 23 16K Merton Yonge Condominiums 416-484-1900 • from $350,000 144 & IBC 14e High Park Condominiums 416-351-1844 • from $300,000 15 8L NXT at Windermere By the Lake 416-977-5300 • • from $350,000 IBC 8N The HUB 416-784-3482 • from $250,000 6 9F Riva del Lago 416-495-3544 • from $300,000 Insert 24c RC3 416-862-0505 • • from $220,000 51 18L 2221 Yonge 647-350-2221 • from $320,000 71 14E Picasso on Richmond 416-495-3549 • from $400,000 Insert 14M The College 416-363-4800 • from $300,000 49 M14 No1 Yorkville 416-519-2911 • from $388,000 5 15I One Park Place South Tower 416-955-0559 • from $200,000 29 18k Water Tower at Eau Du Soleil 416-503-3328 • from $320,000 6 25B 33 Bay Residences at Pinnacle Centre 416-925-3325 • from $375,000 63 17m Totem Condominium 416-792-1877 • from $250,000 59 15H 87 Peter menkes.com • Insert 15M Lofts 399 416-867-3999 • from $590,000 IBC 14L Dundas Square Gardens 416-645-8575 • from $200,000 81 17k The Code thecodecondos.com • from $250,000 25 13H Garrison Point garrisonpoint.ca • from $250,000 67 13N Howard Park 2 416-873-0989 • 69 9L The Upper House Condos in Leaside 416-425-1800 from $350,000 26 18D Alter 416-645-4599 • from $250,000 IFC 16J Palatila Collection 416-925-3325 • from $725,000 63 16M CASA 2 416-486-2272 • from $290,000 IBC 15L CASA III 416-486-2272 • from $250,000 IBC 15L 11 Wellesley 416-861-1111 • from $200,000 11 15J Monde 416-466-8885 • from $330,000 22 17M One Bloor Residences 416-922-0081 • from $550,000 22 15I Charlie 416-927-9772 • from $970,000 23 14M The Pinnacle on Adelaide 416-596-1600 • from $350,000 63 15M X2 416-927-0080 • from $480,000 23 16J Riverhouse at the Old Mill 416-766-7343 • from $520,000 18 5L Chaz Yorkville Condos 416-922-0045 • from $300,000 31 16J Chaz Yorkville Condos 416-922-0045 • from $200,000 31 16J 12 Degrees 416-408-1200 • from $350,000 79 15L Imperial Plaza 416-925-2501 • from $385,000 3 15I Studio on Richmond 647-352-7736 • from $300,000 47 15M The Bond Condominiums 416-546-7525 • • 27 15G Yorkville Plaza II 416-966-3003 • • from $350,000 1 14H Cinema Tower Condominiums 416-203-2020 • from $450,000 43 14M 1000 Bay 416-485-3000 • from $390,000 IBC 15J 90 Niagara 416-981-0036 from $363,000 61 14O E Condos 416-243-8688 • from $300,000 19 14E E Condos 416-243-8688 • from $300,000 19 14E E Condos 416-243-8688 • from $300,000 19 14E Canary District Condominiums 416-603-7576 • from $250,000 55 18L Smart House 416-292-0219 • from $230,000 57 15L Smart House 416-292-0219 • from $230,000 57 15L The Harlowe 416-363-1771 • from $260,000 75 15M FWD at Concord CityPlace 416-813-0999 • • 44-45 15M 530 St. Clair Ave. West 416-868-0500 • from $344,000 12H the rushton rushtonliving.com • from $344,000 12H Grand Parade 2 at Concord CityPlace 416-813-0999 • 15M Quartz at Concord CityPlace 416-813-0999 • • 15M Spectra at Concord CityPlace 416-813-0999 • • 15N 383 Sorauren 383sorauren.com from $265,000 9L 383 Sorauren 416-588-0383 from $265,000 9L Garrison at the Yards 416-260-2600 • from $190,000 14n West Lake 416-260-2600 • from $240,000 14N The Parkside Collection 416-351-1844 • from $700,000 8L NXT 2 416-977-5300 • • from $300,000 8N NXT2/Phase Two 416-977-5300 • • from $210,000 8N VU 416-970-9500 • • from $370,000 16L Pears on the Avenue 416-323-0100 • from $382,000 14I 365 Church 416-591-7700 • from $250,000 14I
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554
Builder
North Drive Investment Streetcar Development Canalfa Group Tridel Corporation Freed Rockport Group Urban Capital Urban Capital KIngstone Road Development Menkes Developments Inc. Easton’s Group Remington Group Easton’s Group Remington Group Tridel Corporation Greenpark Homes Tridel Corporation Bazis Inc. Pinnacle International Tower Hill Development Corporation Madison Homes Lamb Development Corp. Centre Court Development Neudorfer Corporation Conservatory Group Tridel Corporation Times Developments Inc. MintoUrban Communities Inc. MintoUrban Communities Inc. Lanterra Developments Lindvest Canalfa Group Pemberton Group Lamb Development Corp. E-Park Development Emsatec Canada Inc Neudorfer Corporation Madison Homes State Building Group Empire Communities Lamb Development Corp. Tridel Corporation Harhay Developments Carttera Fernbrook Homes/Cityzen Dev. DHD Developments Lamb Development Corp. Harhay Developments Plaza Menkes Developments Inc. Lifetime Developments Aspen Ridge Homes Context Development Inc. Context Development Inc. The Brownstone Group of Companies The Brownstone Group of Companies Plaza Bazis Inc. Metropia Plaza Pemberton Group The Daniels Corporation The Daniels Corporation The Daniels Corporation Lifetime Developments Lifetime Developments Concert Properties Triangle West Development Tridel Corporation Tridel Corporation Tribute Communities Tribute Communities Graywood Developments Mod Developments Inc. Canderel/Stoneridge Alterra Homes/Finer Space Andrin Homes Graywood/Beaverhall Development Cityzen Fernbrook Homes Fernbrook Homes Urban Capital Malibu Investments Inc. Alit Developments Tre Memovia Developments Lifetime Developments Castlepoint/Cityzen/Fernbrook Pianosi Developments Sorbara Group Streetcar Development Camrost - Felcorp Mizrahi | Khalili Developments Sorbara Group Graywood Developments Mod Developments Inc. Reserve Properties Reserve Properties Pemberton Group Streetcar Development Greenpark Homes Tri-Win Developments Inc MintoUrban Communities Inc. Burnac Corporation Lifetime Developments Centre Court Development Streetcar Development Menkes Developments Inc. Freed Carttera Solotex Mod Developments Inc. Reserve Properties Castlepoint/Numa Dundee Kilmer Developments Torbel Group Pemberton Group Baywood Homes TAS DesignBuild Lamb Development Corp. Lamb Development Corp. Freed Mansouri Living Menkes Developments Inc.
*TH: Townhomes, C: Condo
Site
Telephone
TH* C*
Price Range
Page
The High Park 416-670-3699 • from $300,000 Trinity Lofts 416-690-2988 • from $330,000 Liberty Place 416-537-0047 • • from $170,000 101 Erskine 416-480-0700 • from $286,000 155 REDPATH 416-996-5428 • from $210,000 The Nest 416-223-0003 • from $250,000 River City 416-862-0505 • • from $250,000 River City 2 416-862-0505 • • from $250,000 The Glen 416-694-3333 • from $255,000 Fabrik 416-591-7700 • from $250,000 King Blue Condominiums 416-599-1355 • from $200,000 King Blue Condominiums 416-599-1355 • from $200,000 Westinghouse Lofts 416-599-1355 • from $200,000 Westinghouse Lofts 416-599-1355 • from $200,000 Ten York 416-596-9888 • from $1020,000 Axiom Condominiums 647-352-4077 • from $225,000 Spadina Queen 416-661-1949 • from $350,000 One Yorkville 416-519-2911 • from $300,000 Success Tower at Pinnacle Centre 416-360-0673 • from $750,000 Churchill Park Condominiums 416-966-9080 • from $900,000 The Madison 416-482-8090 • from $420,000 Riverside Towns 416-368-5262 • from $460,000 Core Condos 416-598-2673 • from $220,000 Fuse Condos 416-534-4444 from $220,000 Milan 416-928-7409 • from $520,000 Aqualina at Bayside 416-514-2710 • from $350,000 The 500 Condos + Lofts 416-960-0606 • from $400,000 King West 416-367-5464 • from $210,000 775 King West 416-367-5464 • from $330,000 3018 Yonge In Lawrence Park 416-787-8882 • from $390,000 B Streets 416-532-6636 from $369,000 Liberty Central by the Lake 416-537-0047 • • The Uptown Residences 416-987-3500 • from $950,000 The Brant Park 416-368-5262 • from $262,000 Foundry Lofts 416-531-7760 from $399,000 The Brownstones 5 416-531-7760 • from $350,000 Brownstones 416-531-7760 • from $305,000 The Upper Canada Condominium 416-489-5194 • from $1800,000 The Upper Canada Condominiums 416-489-5194 • from $1.8,000 Schoolhouse 416-979-1333 • from $595,000 Flatiron Lofts 416-368-5262 from $243,000 300 Front Street West 416-217-0300 • from $324,000 One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 Pier 27 Waterlink 416-367-3456 • from $800,000 Gooderham Condos at The Distillery 416-361-1322 • from $390,000 The King East 416-368-5262 • from $435,000 East Condos & Lofts 416-368-5262 • from $310,000 King West 647-341-1731 • from $346,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 Market Wharf 416-861-8181 • from $260,000 Library District Condominiums 416-861-8181 • from $222,000 Brownstones in Davenport Village 416-531-7760 from $245,000 Brownstones on the Park 416-531-7760 • from $260,000 Ivory On Adelaide 647-341-1731 • from $279,000 Exhibit 416-967-7778 • Exhibit 416-967-7778 • Exhibit 416-967-7778 • U Condominiums 416-546-6605 • from $2500,000 One Park West 416-955-0559 • from $406,000 One Park Place Condominiums 416-955-0559 • from $200,000 Festival Tower 416-203-2020 • from $350,000 X2 416-927-0080 • from $303,000 Bisha Hotel & Residences 416-637-2211 • from $274,000 88 Scott 416-216-8588 • Art Condos 416-535-7775 • from $530,000 Two Old Mill 416-645-7022 • from $356,000 Old Mill 416-645-7022 • from $450,000 RCM I on University 647-351-9247 • from $393,000 Queen & Portland 416-363-4800 • from $315,000 5 St. Joseph 416-928-0555 • • from $250,000 5 St. Joseph 416-928-0555 • • from $250,000 DNA 3 416-929-1030 • from $220,000 Post House Condominium 416-964-2777 • from $350,000 The Berwick 416-922-9425 from $280,000 The Mercer 416-597-6940 • from $350,000 Backstage on the Esplanade 416-777-2533 Backstage on the Esplanade 416-777-2533 Vero 416-798-7070 from $250,000 Tableau Condominiums 416-591-8887 • • from $450,000 Tableau Condominiums 416-591-8887 • • from $350,000 Tableau Condominiums 416-591-8887 • • from $350,000 Carmelina 416-423-8500 • from $325,000 The Yorkville Condominiums 416-987-3344 • • from $550,000 L Tower 416-777-2533 • from $410,000 Perspective Condos 416-242-3500 from $280,000 thirtytwo Camden 416-860-0060 • from $240,000 8 Gladstone 416-690-9009 • from $335,000 Yorkville Plaza 416-966-3003 • • from $350,000 133 Hazelton Residence 416-926-9900 • 210 Simcoe 416-217-0210 • from $200,000 Five Condos 416-928-0555 • • from $375,000 Five Condos 416-928-0555 • • from $375,000 Rise 416-546-7399 • • $290,000 Model Suite of the Month • Neon 416-987-7878 • from $470,000 The Carlaw 416-690-8588 • from $200,000 Allure Condominiums 416-487-7600 • from $350,000 FAD Condos 416-815-1818 • from $250,000 30 Roe 416-915-3812 • from $350,000 South Hill on Madison southhillonmadison.com • from $200,000 INDX 416-987-4639 • INDX 416-987-4639 • The Carnaby 416-690-9009 • from $250,000 Noir 416-977-8780 • from $250,000 SIXTY Colborne 416-601-0060 • from $300,000 SIXTY Colborne 416-598-7775 • from $300,000 Upper Beach Townes • The Massey Tower 416-966-0197 • • from $320,000 109OZ 416-531-4844 • from $300,000 The Sterling 416-777-2533 • • from $230,000 Canary Park Condominiums 416-603-7576 • from $250,000 Wallace Walk 416-531-1818 • from $210,000 TEN93 Queen West 905-326-4100 • from $280,000 TEN93 Queen West 905-326-4100 • from $280,000 Duke Condos junctionlife.ca King Charlotte 416-368-5262 • from $416,000 Theatre Park 416-368-5262 • from $537,000 Thompson Residences 416-360-0600 • from $280,000 The Perry 416-926-7555 • from $390,000 Harbour Plaza menkes.com •
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
Finder 8L 19l 12N 14D 14D 11H 18L 18L 23H 14M 12N 12N 12N 12N 12F 17L 15D 15I 17m 13H 14E 19L 16L 9k 15I 18N 17I 14M 14M 14B 13J 12N 16J 14M 9I 9I 9I 14G 14G 13i 20J 15M 13M 13M 17N 18L 18L 18L 13N 15I 15I 14J 17M 17M 9j 9J 17L 14i 14i 14i 15K 18J 18J M14 16J 16m 17M 12N 5L 5L 14M 15I 16J 16J 12N 16L 14D 15M 17M 17M 17M 15L 15L 15L 23J 15G 17L 4H 14L M12 14H 14I 15M 15J 15J 12H 12H 14D 19K 14F 14M 14D 13I 16M 16M 12M 15M 16L 16L 24G 16L 12M 9L 18L 9L 12F 12F 8K 15M 16M
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554
torontoregionalmaps: Toronto, East York, York
#
12 13 14 15 16 17 18 18 19 20 21 21 21 21 22 24 25 26 29 30 32 33 34 36 46 51 54 55 55 57 59 60 62 64 66 66 66 70 70 78 81 83 85 85 88 94 101 101 102 103 103 104 106 106 109 109 114 117 117 117 118 120 120 122 126 128 129 130 131 131 133 134 135 135 136 137 142 148 151 151 151 153 153 153 154 155 157 162 165 170 171 173 175 179 179 184 184 185 186 188 191 192 193 195 195 197 198 200 200 201 206 207 210 215 217 217 217 219 220 221
131
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2
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4
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6
7
8
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9
10
11
12
13
14
15
16
17
18
101
Steeles Ave
19
20
North York c
14
400
124
40 8 2 50 37
24
25
26
99
9 135
5
23
121
33
b
21 22
128
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124
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123
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21
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130
98
125
132 25
g
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torontoregionalmaps: North York
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
132
#
Builder
7 9 14 121 123 128 1 2 3 3 4 4 5 5 6 6 6 6 8 15 21 28 33 37 40 50 50 86 94 95 96 96 96 99 101 122 122 122 124 125 128 130 132
Fram Building Group Sorbara Group Torbel Group Liberty Development Corp. Brandy Lane Homes The Daniels Corporation Concord Adex Torbel Group YYZed Project management Tiffany Park Homes Tridel Corporation Tridel Corporation Lindvest Lindvest Concord Adex Concord Adex Concord Adex Concord Adex Conservatory Group Emery Condominiums Tridel Corporation Tridel Corporation Castle Royale Development Norstar Group of Companies Menkes Developments Inc. MintoUrban Communities Inc. Devron Developments Canderel/Stoneridge DHD Developments Aspen Ridge Homes ELAD Canada ELAD Canada ELAD Canada The Brown Group of Companies Kantium Development Lanterra Developments Lanterra Developments Lanterra Developments Tridel Corporation Fram Building Group The Daniels Corporation Tribute Communities Fram Building Group/Cadillac Fairview
*TH: Townhomes, C: Condo
Site
Telephone
TH* C*
Price Range
Page
SOUL mysoulcondos.ca from $200,000 143 Beacon beaconcondos.ca • 77 Diva Condo DivaCondo.com from $225,000 119 World on Yonge 905-771-7010 • from $284,000 35 The Station 416-398-9777 • from $420,000 48 NY2 416-221-3939 from $250,000 41 Opus 416-813-2999 • • The Avanti Condominiums 416-636-0400 from $390,000 VISTO vistocondos.ca from $220,000 Westhaven 416-792-6655 • from $633,000 Hullmark Centre 416-733-2883 • from $524,000 Aristo at Avonshire 416-730-0300 • from $383,000 The Brownstones at Westown lindvest.com from $330,000 Grand Cornell Brownstones in Markham 905-294-6161 from $340,000 Tango at Concord Park Place 416-813-2999 • • from $236,000 Discovery at Concord Park Place 416-813-2999 • Discovery II at Concord Park Place 416-813-2999 • • from $210,000 Tango2 at Concord Park Place 416-813-2999 • from $265,000 Pearl 2 Condominiums 416-512-1818 • The Essential 905-887-4888 • from $250,000 Argento 416-663-1818 • from $562,000 Alto at Atria 416-645-8866 • from $288,000 The Palm Condominium Residences 416-306-1000 • from $400,000 Portrait Condominiums 416-282-9600 • from $300,000 Gibson Square 416-730-9722 • from $385,000 88 416-915-3805 • from $325,000 Flo Condominiums 647-799-0356 • from $250,000 Aura At College Park 416-962-8688 • from $995,000 Gooderham 416-361-1322 • from $410,000 Scenic on Eglinton 416-805-1781 • Emerald City Condominiums 416-492-0001 • from $256,000 Dreamtower At Emerald City 416-492-0001 • from $248,000 Biyu Emerald City biyucondos.com • from $250,000 Willow Park at Bayview 416-221-6767 • from $400,000 Posh Condominiums 905-771-0134 • from $544,000 Treviso Condominiums 416-787-8882 • from $250,000 Treviso II 416-787-8882 • from $250,000 Treviso III 416-787-8882 • from $250,000 Trio at Atria 416-645-8866 from $255,000 LIV Lofts 416-445-5638 • from $250,000 NY Place 416-221-3939 • from $250,000 Canterbury 647-352-2130 • • from $700,000 Flaire Condos 416-445-8868 • from $320,000
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
Finder 25C 17C 11C A18 12D 19C 22C 17C 8E 23G 18D 18D 4C 4C 22C 22C 22C 22C 17C 20E 22e 25D 17B 13C 17C 18c 18c 16K 18l 23G 24C 24C 24C 21 16A 12F 12F 12F 24C 22F 19C 19F 22F
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554
1
2
3
4
5
6
8
21 22
bio
26
e
Islington Ave
al
Kipling Ave
Martin Grove Rd
10
62
Bl
vd
1
2A
40
Dixon Rd
12 Etobicoke
Rathburn Rd
19
8 ll R Mi
44 Bloor St W
d
Dundas St W
Queensway
70
11 53 3 56 39 4 37 6 33
Gardiner Expressway Evans Ave
Horner Ave
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
5 Park Lawn
QEW
50 14 51 34 3 35
Royal York Rd
Scarborough
d
Ranforth Dr
409
ett R Scarl
Westway
h
*TH: Townhomes, C: Condo
25
d
Re
9
Builder Stanton Renaissance Devron Developments Lemine Investment Group Great Gulf Homes National Homes Queenscorp Residences City Core Edilcan Development Corp. VHL Developments Ltd. VHL Developments Ltd. Insoho Developments Esquire Homes Windcatcher Development Corporation Henderson Development Limited Stanton Renaissance Monarch Corporation Monarch Corporation Conservatory Group Menkes Developments Inc. Pemberton Group Wilkinson Developments Lash Group of Companies Carttera Camrost - Felcorp Camrost - Felcorp Graywood/Beaverhall Development Monarch Corporation Davies Smith Liberty Development Corp. Monarch Corporation Empire Communities Averton Homes Tridel Corporation Amexon Development Corporation Monarch Corporation Tridel Corporation Tridel Corporation Edilcan Development Corp. Remington Group Pemberton Group Alterra Homes/Finer Space Tridel Corporation Phantom Developments Your Home Developments Royale Grand Woodbine Developments MintoUrban Communities Inc. First Avenue Properties Lash Group of Companies
24
nR
27
60
23
Finch Ave W
23
7
# 2 3 3 7 12 25 38 45 61 61 1 1 1 2 2 4 5 6 7 8 9 10 10 11 11 15 18 20 28 29 33 34 35 37 39 42 44 45 46 50 51 55 56 60 62 65 70 71
Al
Humberline Dr
Av e
20
401
Centennial
Da nf or th
19
xd
ve nA
Ki
18
Passmore Ave
lva
Sy
17
East Ave Port Union Rd
Manse Rd
Galloway Rd
72
n
sto
RD
ng
Ki
16
Beare Rd
Orton Park Rd
Markham Rd
McCowan Rd
Bellamy Rd
St. Clair Ave
Scarborough Golf Rd
n Dr
orto
Lawrence Ave E
3
15
427 Morrish Rd
71
* Due to scale restrictions, locators are d 1 see builder’s ads approximate. Please n R for sto exact locations. ng
Victoria Park
g
Progress Ave
Brim
Eglinton Ave E
f
29
14
Sheppard Ave E Conlins Rd
2
Brimley Rd
Warden Ave
Pharmacy Rd
e
61
Birchmount Rd
d
Kennedy Rd
Ellesmere Rd
401 Midland Ave
55 401 31
Milner Ave
13
Meadowvale Rd
1
Sheppard Ave E
Ave
Morningside Ave
evin
McL
12 Reesor Rd
Huntingwood Dr
c
11 Sewells Rd
Finch Ave E
b
10
Neilson Rd
McNicoll Ave
9
Tapscott Rd
McCowan Rd
A
7
65
Lakeshore Blvd W
Site Telephone TH* C* Price Range Page Finder On The Go Mimico 647-692-8417 • from $250,000 127 23C The Academy academycondos.com • from $189,000 129 10D The Academy academycondos.com • from $189,000 129 10D One Sherway Condominiums 416-695-3535 • from $220,000 22 16G Richview 416-746-1234 • from $570,000 123 22E Watermark 416-354-2221 • from $307,000 115 19D Harmony Village Sheppard 416-493-0123 from $176,000 73 2C Triumph at Valhalla 416-233-5554 • from $199,000 65 21F 2150 Condos 416-750-2150 • 125 3E Haven On The Bluffs 416-2611-9555 • from $160,000 125 3E Imagine Condos 416-367-7303 from $188,000 4F Three Seven Condos & Lofts esquirehomes.ca • from $210,000 11D Atwater Condos 905-271-5038 • from $280,000 12B Centro 416-296-1898 • from $185,000 6D On The Go 647-692-8417 • from $250,000 23C Nautilus at Waterview 416-203-6636 • from $400,000 25H The Epicurean 416-495-3530 • from $250,000 23F Altitude 416-321-1659 • from $230,000 25H One Sherway Condominiums 416-695-3535 • 16G Palais at Port Royal Place 416-239-8200 • from $260,000 23F Hunt Club Terrace 416-698-3020 • 2H Cloud 9 Condominiums 416-747-0199 • from $220,000 22B Cloud 9 Condominiums 416-800-0812 • from $240,000 22B ilofts at Mystic Pointe 416-251-8888 • from $310,000 25G California Condos 416-251-8888 • from $242,000 25g Ocean Club 416-255-4663 • from $250,000 24C Lago 416-495-3544 • from $200,000 24c Eleven Superior 416-259-8882 • from $220,000 23C Terrace on Danforth 416-987-7575 • from $234,000 2F Encore 416-495-3544 • 5D Beyond The Sea Star Tower Condominiums 416-979-1333 • • from $400,000 24H Evolution 416-747-9691 • from $250,000 22G Parc Nuvo at Essex 416-231-0999 • from $456,000 22g South Beach 416-252-3000 from $209,000 25H Waterscapes 416-495-3544 • 26H Ventus at Metro Gate 416-293-5535 • from $314,000 4c West Village 416-620-1887 • from $290,000 21F One Valhalla 416-233-5554 • from $239,000 21F Park Towers at IQ 416-253-5838 • from $170,000 22G Vivid Condos 416-239-8200 • from $250,000 23F Westwood Condominiums 416-239-9888 • from $250,000 23F Avani At Metrogate 416-293-5535 • from $240,000 4C Jade Condominiums 416-762-8818 • from $293,000 24G Nature’s Path 416-745-6686 • • from $270,000 11E Lexington 416-638-8444 • from $240,000 21C South Shore 416-913-2136 • from $350,000 22H Qube Condos 647-351-7823 • from $200,000 24G Me Condos 416-430-0003 • from $150,000 8D
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554
torontoregionalmaps: Scarborough, Etobicoke
133
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4
5
6
7
8
9
10
11
12
13
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21 22
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26
Park
Ave
2
5
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16
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25
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20
11
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Toronto Waterfront
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waterfrontmaps: Toronto
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
134
#
Builder
8
Cresford Development Corp.
Site
Telephone
TH* C*
Price Range
Page
Finder
NXT at Windermere By The Lake
416-977-5300
• • from $300,000
IBC
11f
58 GREAT GULF
Monde
416-466-8885
• • from $304,000
22
17M
1
Pemberton Group
Park Lake Residences
416-769-4343
• • from $250,000
3F
2
Concord Adex
FWD at Concord CityPlace
416-813-0999
• •
13F
3
Concord Adex
Quartz at Concord CityPlace
416-813-0999
• •
15M
3
Concord adex
ParadeTWO Park Collection at Concord CityPlace
416-813-0999
• from $308,000
15M
4
Monarch Corporation
Nautilus at Waterview -
416-203-6636
• from $400,000
25H
4
tridel corporation
Aqualina at Bayside Toronto
416-514-2710
•
16E
5
Concord Adex
Newton at Concord CityPlace
416-813-0999
•
12F
6
Plazacorp/Berkley Community
West Harbour City
westharbourcity.com
• from $327,000
13E
7
Lifetime Homes
Waterparkcity – Neptune
416-203-3700
•
13f
8
Concord Adex
Panorama Elite Suites at Concord CityPlace
416-813-0999
• from $1,135,000
14F
8
Concord Adex
Luna Vista at Concord CityPlace
416-813-0999
• from $2,213,000
14F
8
CONCORD ADEX
Spectra at Concord CityPlace
416-813-0999
• •
14F
8
Cresford Development Corp.
NXT2/Phase Two
416-977-5300
• • from $210,000
4E
9
Conservatory Group
Infinity Condominiums
416-214-1988
• from $250,000
14f
11 CAMROST FELDCORP California Condominiums
sunsetcondos.ca
• from $242,000
25G
14 Canalfa Group
Liberty on the Park Condominiums
416-537-0047
• from $363,000
10F
15 Malibu investments inc.
LTD
416-601-2223
• from $200,000
12F
18 Fernbrook Homes/Cityzen Dev.
Pier 27 Residences On The Lake
416-367-3456
• from $300,000
11F
18 URBAN CPITAL
River City 2
416-862-0505
• from $250,000
18L
29 PINNACLE INTERNATIONAL
33 Bay Residence at Pinnacle Centre
416-925-3325
• • from $375,000
17M
60 CANALFA GROUP
Liberty Central by the Lake
416-537-0047
12N
*TH: Townhomes, C: Condo
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
•
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to 416-789-9554
King St W Bond St W Park Rd S Park Rd S
Phillip Mur
TH* C*
Price Range
Lake
og
Scug
Manvers
Page
Finder
Scugog
Dr
Ce rem on ial
Qu ee nS tE
St W
Ra th bu rn Rd W
or Qu Dr ee n
Ro ya lW ind s
Th eC oll eg ew ay
Sh Sp erid ea an km P an ark Tr Dr Dr us co tt Dr
La ke sh or eR dW
Insert
416-354-2221
• from $307,000
115
Water Tower at Eau Du Soleil
416-503-3328
• from $320,000
Schomberg Whitby
Oshawa
24c 19D
Newcastle
6
25B
windcatcher development corp.
Atwater Condos
905-271-5038
401 • from $280,000
12B
2
Stanton Renaissance
On The Go
647-692-8417
• from $250,000
23C
5
United lands
Stonebrook Condominiums
905-822-8858
• from $270,000
9E
8
chestnut hill development
San Francisco By The Bay
905-831-3631
• • from $180,000
23J
10 Pemberton Group
Bluwater Condominiums
416-987-8800
• from $350,000
5J
11 Monarch Corp.
Waterscapes
416-495-3544
• from $390,000
25C
13 GREEN HILL HOMES
Princeton Manor
905-849-1818
• from $210,000
6G
14 Phantom Developments
Jade Waterfront Condos
416-251-0707
• from $250,000
24G
15 GRAYWOOD DEVELOPMENTS
Ocean Club
416-255-4663
• from $250,000
24C
20 DAVIES SMITH
Eleven Superior
416-259-8882
• from $220,000
23C
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to 416-789-9554
waterfrontmaps: GTA
Uxbridge
Si
Bloor St
Lindsay
• from $350,000
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
Stevenson Rd
Whitby 7 Waterfront
Thornton Rd
Wentworth St
Gibb St
Centre St.
401
416-495-3544 48
King
Adelaide Ave
Kendalwood R
Blair St
Telephone
Hopkins St
48
8
Garrard Rd
Sp ee rs Rd La ke Ma sh cD or eR on Cor ald nw dE Rd all Rd
Anderson St
Garden St Blair St
Bradford Tecumseth and Riva del Lago Tottenham
Brock St S Henry St Gordon St
Cannington
East Gwillimbury Further North Waterfront 400
Cochrane St
ly
Brock St N
a
Keswick
n
Bayly St E Georgina Island 33 caygeo Bob
Ajax-Whitby
ew
riv
Georgina
Manning Rd
Town of Whitby
Bv
Sim
Westney Rd S
McQuay
Townline Rd
ke
La
Rossland Rd
1
*TH: Townhomes, C: Condo
eS co Sim
Stevenson Rd
Garden St
Baldwin St S
Taunton Rd W
Dryden Bv
Dundas St E
e 401
Shoal Point Rd
Bay
Conlin Rd
Rossland Rd
co
Pickering Beach Rd
Harwood Ave
Finley Ave
La Br ke id sh ge or Rd eR dW
25
To Os
Thornton Rd
Lakeshore Blvd E
Thickson Rd
1518 20
R
Country Lane
Bu rn ha m th or pe Rd E
Church St E
16 28
Evans Ave
Coronation R
Lakeridge Rd
Mara
Audley Rd
Rd
8 Con
Taunton Rd WWaterfront Etobicoke
Salem Rd
Up pe rM idd le
Eg Bu lin to rn Ra n ha th b m u th rn or Rd pe E Du Rd nd Th W as eQ St ue E en sw ay
Br ita nn ia Rd W
Av eW St ee les
26
Garrard Rd
De rry Rd W
25
Baldwin St N
Park Lawn Cedarbrook T
Royal York Rd
Halls Rd N
Audley Rd
Salem Rd
Westney Rd N
Bu rn ha m th or pe Du Rd nd W as St W
Duffs Rd
24
Village of Gardiner Expressway in 1411 Brookl 2
Queensway
Horner Ave Rossland/Winchester
Oro
9
Stevenson Rd
Ashburn Rd
23
Cochrane
Country Lane
Lake Ridge R
4 Sideline R
QEW
Kingston Rd
400
d
orth Dr d ll R Mi
4 Sideline
Dundas St W
Town of Ajax 11
Barrie
21 22
Brawley Rd Bloor St W
Alliston,
Watermark Adjala 9
Fifth Conces 12 11 9
Magill Dr
eD
28 empire communities
6 Sideline
Greenwood Rd
93
400
20
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
69
Lak
Mono
4 Sideline R
Rd Ravenscroft
0
18 Monarch Corporation
19
Mississauga Taunton Rd E Waterfront Orillia
Church St S
Hwy 5
Essa
Beeton, Site
89
10 25 queenscorp residences
Squires Beach Rd
Tosorontio Everett
7
Delaney Dr
Montgomery F
k
Shelburne
Brock Rd
Angus
D
Builder
Sandy Beach
nt
J
Liverpool Rd
u1g0 em ou
Vespra 401
Sunnidale Oakville Granite Court 90 Waterfront Lisle
Whites Rd
Rd ak rlo Bu
Ro
Paddock Rd
Church St N Riverside Dr Notion Rd
Glenanna Rd
Appleview Rd
Spruce Hill Rd e Lin
Stroud's
24 ings K
16 Sideline
27
4
Highview Rd
Sheppard Ave
#
Brock Rd sR Oak jor Ma Valley Farm
6
Wasaga Beach
I
69
Rossland Rd
Liverpool Rd
Fairport Rd
No ttin gh ll G Finch iAve ate
18
Columbus Rd
Bracebridge
27
3 Concession
17
Myrtle Rd W Rathburn Rd
6 Concession
Tay
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Midland d
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7 Concession
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4 Concession Dr Ford
Dixie Rd
Altona Rd
25
Whites Rd
Rd
Tr em ai hne R d
Rd
RdRosebank Rd
d eR Lin
Rd Thornbury
Rd
Brock Rd
Rd
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6
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Oakville
Georgian Bay
Br gont e
3 40
8
4 Concession Tr af alg ar
4
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5 Concession
9
Altona Rd
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11
7
Rd ian Ind
16
QEW
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12 Sidelinee xi Di
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9
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Rd y North Rd vd h Rd Nort w w Bl ie Pk ill itv ills ch ed 32 M Sidelinehur Cr 32 Sideline in C Er on y st w in Pk W Dr ills d M oo w Rd e en Lin Ed 10
b
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8 40
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1 40
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5
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4
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2
24 Sideline
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9 Concession
135
hot dates
May 2014 Calendar of events taking place from May 10 – 24
highlights
May 11
Mother’s Day at The Old Mill
May 24 – 25
Doors Open Toronto
May 11
May 18, 25 & 31
Mother’s Day
501 Streetcar Food Tour
The Old Mill, 21 Old Mill Rd. Take the whole family to honour Mom with a traditional Mother’s Day meal at this west-end staple. Enjoy the quaint charm of the historic Old Mill and a delectable array of dishes, served up buffet-style. Brunch and dinner seatings available in the Dining Room / Brule Ballroom. Visit the website for more information. oldmilltoronto.com
restaurants along Queen Street The 501 Streetcar Food Tour, from Foodies on Foot, spans 25 kilometres and six neighbourhoods via North America’s longest surface transit route. Beginning at 1730 Queen St. W., the 501 Streetcar Food Tour lasts four and a half hours with six stops, revealing Toronto’s tastier side. Tickets are $69 to $80 and includes all tastings, transit fare and a guided tour.
Until May 31
foodiesonfoot.ca
501 Streetcar Food Tour Until May 31
Contact Photography Festival
136 new Condo Guide may 10 - 24, 2014
May 24 & 25
Until May 31
Doors Open Toronto
Contact Photography Festival
Various buildings across Toronto Doors Open Toronto, presented by Great Gulf, will return on the weekend of May 24 and 25, offering free, rare access to more than 155 architecturally, historically, culturally and socially significant buildings across Toronto. This year’s theme highlights secret spaces, stories of spirit sightings and unexplained mysteries at more than 75 locations. doorsopenontario.on.ca/Events/Toronto.aspx
various locations in toronto Contact Photography Festival explores personal and social consequences of the medium of photography. More than 500 local, national and international artists are expected to participate in the event at more than 200 venues across the city. This year’s Contact Photography Festival focuses on the connections between identity and photography. scotiabankcontactphoto.com
homebuyers’ help
condo buyers’
resource section
You love the condo, see what you can afford! Compare mortgage rates for your best deal Calculate your mortgage payments using the mortgage payment calculation chart
may 10 - 24, 2014 new Condo Guide 137
homebuyers’ help
Calculate your mortgage payments interest rate
amortization period
chart figure
mortgage amount ÷ 1,000
monthly payment
example: 5%
25 years
5.82
125 (mortgage amount $125,000)
$
Follow these steps to see if you’ll qualify for a mortgage on your dream condo 01 Calculate the combined monthly before-tax income of you and your spouse. 02 Divide by three. This figure is the monthly payment you can afford to make on your condo. 03 Take the total price of the condo and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.
138 new Condo Guide may 10 - 24, 2014
04 Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.) 05 Multiply this figure by the amount you need to borrow. Divide by 1,000.
06 Add to this your estimated monthly heating costs and monthly property taxes. 07 If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream condo.
Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.
Mortgage payment calculation chart
%
Amortization Periods
Interest Rates
10 years
15 years
20 years
25 years
30 Years
3.00%
9.65
6.90
5.54
4.73
4.21
3.25%
9.76
7.02
5.66
4.86
4.34
3.50%
9.88
7.14
5.79
4.99
4.48
3.75%
9.99
7.26
5.91
5.13
4.61
4.00%
10.11
7.38
6.04
5.26
4.76
4.25%
10.23
7.50
6.17
5.40
4.90
4.50%
10.34
7.63
6.30
5.53
5.04
4.75%
10.46
7.75
6.44
5.67
5.19
5.00%
10.58
7.88
6.57
5.82
5.34 5.49
5.25%
10.70
8.01
6.74
5.96
5.50%
10.82
8.14
6.85
6.10
5.64
5.75%
10.94
8.27
6.98
6.25
5.79
6.00%
11.07
8.40
7.12
6.40
5.95
6.25%
11.19
8.53
7.26
6.55
6.11
6.50%
11.31
8.66
7.41
6.70
6.26
6.75%
11.43
8.80
7.55
6.85
6.42
7.00%
11.56
8.93
7.69
7.00
6.59
7.25%
11.68
9.07
7.84
7.16
6.75
7.50%
11.81
9.21
7.99
7.32
6.91
7.75%
11.94
9.34
8.14
7.47
7.08
8.00%
12.06
9.48
8.28
7.63
7.25
8.25%
12.19
9.62
8.44
7.79
7.42
8.50%
12.32
9.76
8.59
7.95
7.59
8.75%
12.45
9.90
8.74
8.12
7.76
9.00%
12.58
10.05
8.86
8.28
7.93
9.25%
12.71
10.19
9.05
8.45
8.10
9.50%
12.84
10.33
9.20
8.62
8.28
9.75%
12.97
10.48
9.36
8.78
8.45
10.00%
13.10
10.63
9.52
8.95
8.63
10.25%
13.24
10.77
9.68
9.12
8.80
10.50%
13.37
10.92
9.84
9.29
8.98
10.75%
13.50
11.06
10.00
9.46
9.16
11.00%
13.64
11.22
10.16
9.63
9.34
11.25%
13.77
11.36
10.32
9.80
9.52
11.50%
13.91
11.52
10.49
9.97
9.70
11.75%
14.04
11.66
10.65
10.15
9.88
12.00%
14.18
11.82
10.81
10.32
10.06
12.25%
14.32
11.97
10.98
10.49
10.25
12.50%
14.46
12.13
11.15
10.67
10.43
12.75%
14.59
12.28
11.31
10.85
10.61
This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 may 10 - 24, 2014 new Condo Guide 139
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homebuyers’ help
Compare mortgage rates for your best deal CHARTERED BANKS
Variable
6 Months
1 Year
2 years
3 years
4 years
ATB Financial 2.7
4 6.30op
2.94 6.30op
Alterna Svgs/Alterna Bk 2.6
4 6.30op
2.98 2.98 2.98 2.94 6.30op
3.14
Bank of Montreal 3
4 6.30op
3.14 3.04 3.85 4.39 6.30op
3.29
Bank of Nova Scotia 2.6
4.55 6.45op
3.29 3.14 3.44 2.94 6.50op
4.79
Canadian Western Bank
4 6.45op
3.14 3.04 3.75 4.39 6.30op
4.99
CFF Bank
3.69
3.79
3.24
CIBC 3 6.70op
3.09 2.79 3.75 2.97 6.35op
4.99
HSBC Bank Canada 2.55
2.7 3.95 2.93 3.09 6.35op
3.49
3.15
ICICI Bank Canada
4.45 6.20op
3.75
3.69
3.89
3 3.05 3.1 3.19 4.00op
3.24
National Bank n/a
3.14 3.04 3.75 2.99 6.70op
3.39
4.4 6.70op
3
3.65
3.79
3.69
4.09
Royal Bank 3 6.30op
3.14 3.04 3.75 4.54 6.30op
4.94
TD Canada Trust 3
3.09 2.79 3.44 2.97 6.30op
3.39
Tangerine
3.19
3.24
3.49
3.69
3.99
3.25
3.95
4.74
3
3.24
3.64
3.39
Manulife Bank 2.7 4.45
President’s Choice Financial
3.05
2.89 2.99 3.04 6.50op
5 years
3.59
TRUST COMPANIES 6.5
3.14
Effort Trust n/a
Community Trust
n/a
4.45 6.30op
3.25 3.6 3.7 4.6 6.30op
4.95
Home Trust Company
2.5
2.89
2.79
4.99
3.95
2.89
2.94
3.09
Investors Group Trust n/a
4.2 6.50op
3.14 3.14 3.75 4.64 6.30op
4.99
MTCC 2.6
4.55 6.45op
3.29 6.50op
3.14
3.44
2.94
4.79
Airline Financial C.U. 4
3.01 6.25op
3.1
3.33
3.65
3.99
Comtech Credit Union 2.95
6.2 6.40op
2.99 3.25 3.29 2.99 6.30op
2.99
First National Fin. LP
3.95
2.99
OTHER FINANCIAL INSTITUTIONS
2.87
3.19
FirstOntario C.U. 2.7 6.34op
3.09 3.14 3.29 2.95 6.34op
3.09
IC Savings
3.05
3.39
3.39
London Life n/a
3.14 3.14 3.75 4.64 6.30op
4.99
3.05 6.3
2.75
2.95
2.9
2.95
3.6
3.95
4.35
4.2 6.50op
Luminus Financial 2.55 MCAP
2.6
2.59
2.99
2.79
2.99
4.89
5.14
Meridian Credit Union 2.6 4
3.09 3.14 3.65 4.39 6.30op
2.95
Parama Credit Union 2.85
2.85 3.05 3.15 3.25 3.00op
3.4
Steinbach Credit Union
2.7
3.2
2.5
2.8
2.9
2.95
Notes **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice. R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE MAY 5, 2014. Prepared By Fiscal Agents Financial Information Services 905.844.7700
may 10 - 24, 2014 new Condo Guide 141
index of advertisers 45 Charles Ltd. - Chaz Yorkville Condos
31
Lifetime Developments - The Bond Condominiums
27
Aspen Ridge Homes - Studio on Richmond
47
Lifetime Developments - The Code
25
Bazis Inc. - E Condos
19
Luxury Living Magazine - Promo
56
Malibu Investments Inc. - Smart House
57
Bazis Inc. - No1 Yorkville
5
BILD - Promo
60
Brandy Lane Homes - The Station
48
BSaR Ltd - 12 Degrees
79
Camrost - Felcorp - Imperial Plaza
3
Camrost - Felcorp - Yorkville Plaza II
1
Canpages - Promo
111
Castleridge Homes - The Clairington
107
Chinese Home & Condo Guide - Promo
68
City Core - Harmony Village Sheppard
73
Concord Adex - FWD at Concord CityPlace
44-45
Menkes Developments Inc. - 87 Peter
Insert
Menkes Developments Inc. - Corporate
Insert
Metropia - E Condos
19
Monarch Corporation - Corporate
Insert
Monarch Corporation - Picasso on Richmond
Insert
Monarch Corporation - Riva del Lago
Insert
National Homes - Richview Orchard Point Corporation - Orchard Point Harbour
123 83
Cresford Development Corp. - 1000 Bay
IBC
Pemberton Group - Corporate
Cresford Development Corp. - CASA 2
IBC
Pinnacle International - 33 Bay Residences at Pinnacle Centre
63
Cresford Development Corp. - CASA III
IBC
Pinnacle International - Model Suite of the Month
62
Cresford Development Corp. - Lofts 399
IBC
Pinnacle International - Palatila Collection
63
Pinnacle International - Pinnacle Grand Park 2
63
Pinnacle International - Pinnacle Uptown, Crystal 2
63
Cresford Development Corp. - Merton Yonge Condominiums 144 & IBC Cresford Development Corp. - NXT at Windermere By the Lake
IBC
Devron Developments - The Academy
129
8-9
Digital Device - Promo
42
Pinnacle International - The Marquee Townhomes on the Park 63 & 97
Dundee Kilmer Developments - Canary District Condominiums
55
Pinnacle International - The Pinnacle on Adelaide
63
Easton’s Group - Dundas Square Gardens
81
Plaza Premium Lounge - Promo
33
Eden Shaw - Chaz Yorkville Condos
31
Edilcan Development Corp. - Triumph at Valhalla
65
Empire Communities - Rain Condominiums
7
Queenscorp Residences - Watermark Rio Can - E Condos
Empire Communities - The HUB
6
Shopping Guide - Promo
Empire Communities - The Mark
6
Sorbara Group - Beacon
6
Stanton Renaissance - On The Go Mimico
Empire Communities - Water Tower at Eau Du Soleil Family of magazines - Promo
140
77 127 17
The Daniels Corporation - Cinema Tower Condominiums
43
The Daniels Corporation - High Park Condominiums
15
The Daniels Corporation - NY2
41
23
The Daniels Corporation - One Park Place South Tower
29
67
Fieldgate Homes - 90 Niagara
61
Fram Building Group - SOUL
143
Great Gulf Homes - Charlie
19 106
Tarion - Tarion Awards of Excellence
Fernbrook Homes/Cityzen Dev. - Garrison Point
Geranium Homes - Pace on Main
115
92-93
Great Gulf Homes - HOT
23
Torbel Group - Diva Condo
Great Gulf Homes - Monde
22
Tower Hill Development Corporation - 2221 Yonge
71
Great Gulf Homes - One Bloor Residences
22
Great Gulf Homes - One Sherway Condominiums
22
Tribute Communities - The College
49
Great Gulf Homes - X2
23
Great Gulf Homes - Yonge+Richmond
23
Guizzetti Developments - Grand Palace
119
Tridel Corporation - Alter
IFC
Tridel Corporation - Corporate
BC
99
Triumph Developments - Howard Park 2
69
K-CAP Laird Inc. - The Upper House Condos in Leaside
26
Urban Capital - RC3
51
Lamb Development Corp. - The Harlowe
75
Urban Capital - Smart House
57
Lanterra Developments - 11 Wellesley
11
Lanterra Developments - Riverhouse at the Old Mill
18
Lemine Investment Group - The Academy Liberty Development Corp. - Centro Square Condos 2
129 36
Valery Homes - Royal Connaught
103
VHL Developments Ltd. - 2150 Condos
125
VHL Developments Ltd. - Haven On The Bluffs
125
Liberty Development Corp. - Legacy Park
37
Worsley Urban Partners - Totem Condominium
59
Liberty Development Corp. - World on Yonge
35
Your First Home & Condo - Promo
98
142 new Condo Guide may 10 - 24, 2014
view
M ERTO N YO NGE TOWNHOM E S
aCtual South vIew
liVE. hErE. now.
Call for your private appointment today. presentation Centre loCated at 170 merton street.
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AD
DON
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FR A M
BUILDING GROUP
401
401
the spirit of living
Prices, sizes and specifications are subject to change without notice. Map not to scale. Illustrations are artist’s concept. E.&O.E.
MAY 10 - 24, 2014 NEW CONDO GUIDE 143
CRESFORD. LOCATION. DESIGN. DETAIL. INSPIRATION. FASHION. STYLE. TRUST. FROM COVETED LOCATIONS TO FASHION-FORWARD DESIGN TO SOPHISTICATED AMENITIES, CRESFORD DEVELOPMENTS DEFINES THE ESSENCE OF LUXURY CONDOMINIUM LIVING. THE FIRST RESIDENTIAL DEVELOPER IN CANADA TO DRESS UP
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1THOUSAND BAY CONDOMINIUMS ON THE PARK
Under Construction Bay & Bloor From the high $300’s 416.485.3000
Move in Now Yonge & Merton Urban Townhomes From the high $500’s Tower Suites From the $300’s Penthouses Now Available 416.484.1900
THEIR CONDOMINIUMS WITH INTERNATIONAL FASHION LABELS, CRESFORD IS KNOWN FOR SUPERB QUALITY AND ATTENTION TO DETAIL. A TRUSTED NAME IN THE MARKET FOR OVER 30 YEARS, A CRESFORD CONDO INSPIRES CONFIDENCE AND SECURITY.
VISIT OUR NEW CONDOMINIUM GALLERY AT 62 CHARLES ST. E.
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Move in Now Windermere by the Lake From the mid $300’s 416.977.5300
IN 4D
BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST CONCEPT. E.&O.E.
Move in Now King West From the high $500’s 416.867.3999
COMING SOON TO CHURCH, SOUTH OF CARLTON IN DOWNTOWN TORONTO.
Alter your Perspective. Change your outlook, transform your scene. This is a way of urban living shaped by new possibilities. This is Alter. Soaring 33 storeys high, a building as vibrant as the neighbourhood it calls home.
Starting from the mid $200,000’s* Register now at tridel.com 416 645 4599 Tridel®, Tridel Built for Life® are registered trademarks of Tridel and used under license. ©Tridel 2014. All rights reserved. E.&O.E. May 2014. *Price and specifications subject to change without notice.
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NOrth YOrk trIO at atrIa Now Selling 416-645-8866 Sheppard, east of 404 altO & ParksIde at atrIa Under Construction 416-645-8866 Sheppard, east of 404 arGeNtO Under Construction 416-663-1818 Don Mills & York Mills arIstO Under Construction 416-730-0300 Yonge & 401 hullmark COrPOrate CeNtre Under Construction 416-733-2883 Yonge & Sheppard tOrONtO sQ at alexaNdra Park Grand Opening 416-661-1949 Spadina & Queen aQualINa at BaYsIde Now Selling 416-514-2710 Queens Quay East on Lake Ontario 101 erskINe Now Selling 416-480-0700 Yonge & Eglinton 300 FrONt Move In Today 416-217-0300 Front & John BlYthwOOd at huNtINGtON Under Construction 416-485-1900 Bayview & Lawrence teN YOrk Under Construction 416-596-9888 York & Harbour twO Old mIll Under Construction 416-645-7022 Bloor West Village ONe Old mIll Under Construction 416-645-7022 Bloor West Village sCarBOrOuGh VeNtus at metrOGate Move In Today 416-293-5535 Kennedy & 401 aVaNI at metrOGate Under Construction 416-293-5535 Kennedy & 401 etOBICOke
Throughout the entire home buying process, we’re determined to create a positive experience for you. In fact, our commitment to your satisfaction starts long before you are even our customer. It starts from the moment you step into a Tridel Presentation Centre and continues long after you’ve settled into your new home. Maintaining the highest standard of customer care from start to finish is why we continue to lead the industry in customer satisfaction ratings and awards. For a builder that focuses on what’s important to you, look to Tridel.
Tridel®, Tridel Built for Life® are registered trademarks of Tridel and used under license. ©Tridel 2014. All rights reserved. E.&O.E. April 2014. *Price and specifications subject to change without notice.
west VIllaGe Move In Today 416-620-1887 Etobicoke Civic Centre rIChmONd hIll reNaIssaNCe Move In Today 416-736-9500 Yonge & Major Mackenzie
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