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May 24 - Jun 7, 2014 Volume 18 Issue 11

YOUR SPA AT 1 YORKVILLE C OND O MI N I U M RE SI D E N C E S AT Y O R K V IL L E & Y O N G E

See Pages 20 & 21 for our cover story.

INSIDE THIS ISSUE

YOUR FIRST CONDO: COSTS TO CONSIDER

STEERING CLEAR OF BUYER’S REMORSE

MORTGAGE RATE WARS RAGE ON


COmINg sOON

tridel.com


RESIDENTIAL ENTRANCE OFF CUMBERLAND STREET

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. P R E V I E W R E G I S T R ATI O N | CU M B E R L A N DTOW E R .CO M /CG

FO L LOW U S :

@CAMROST

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

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


editor’s note

Get off the fence and make a smart move

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

During periods of market fluctuation and uncertainly, people may be hesitant to move or buy a home, saying they are waiting for “better times.” The issue with this approach is that better times usually become evident only after prices and interest rates have already risen. Potential homebuyers who have been sitting on the fence soon find they have missed a valuable opportunity to participate in a ripe marketplace. Before you shop for a new home or condo, do your homework. Take the time to get pre-approved for a mortgage so you can shop with confidence. Not only does being armed with a pre-approved mortgage define what you can afford, it locks you into today’s excellent mortgage rates for up to 90 days or more. Locking in means you don’t have to worry about rising mortgage rates and if rates drop, your rate should too. Be sure to get your home-buying team together well before you shop and choose an experienced builder/developer who is building in a neighbourhood you love, along with a specialized real estate lawyer and mortgage expert. Having these key people in place will make your transaction easier and less stressful, regardless of market conditions.

Spring into the home hunt

Lydia McNutt

Editor

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

Spring is in full swing and with it comes the busiest time of year for residential real estate. Longer and warmer days lure the merely curious browsers and the serious buyers out of their holes in search of new housing opportunities. Spring is also a busy time of year for home builders, who will be launching many new projects in the coming weeks. With so many builders vying for your attention, there is lots of healthy competition, which can mean better deals for the buyer – both in terms of product and price. Slip into your comfortable walking shoes and visit some presentation centres and model suites. You’ll be amazed at the high level of standard finishes that bring luxury to the everyday, from the floor up – marble tiles, granite countertops, extra-high ceilings and breathtaking views are both inspired and inspiring. Offering form and function, today’s condo suites are second to none, designed with the modern homebuyer in mind. Many builders offer additional incentive programs to give them the competitive edge, in the form of free maintenance for a period of time, cash back on closing, reduced-rate parking or free TTC passes, all to help sweeten the deal. Visit the presentation centres and speak with a sales representative to find out what the builder is offering, and what they may do to tip the scales in their favour. Good luck in the home hunt!


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MAY 24 - JUN 7, 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

City Scene

Industry Insider

Barbara Lawlor

Brad J. Lamb

David Hirsh

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.

Brad J. Lamb is president of Lamb Development Corp. and Brad J. Lamb Realty. Over the last 25 years he has successfully led the marketing and sales programs for over 100 condominium projects in Toronto, Ottawa, Montreal and most recently Calgary. Visit torontocondos.com or follow Brad on Facebook, Instagram and Twitter @BradJLamb

David Hirsh is president and CEO of Brandy Lane Corp. David prides himself on his creative hands-on approach to all stages of the development and building process. The company’s newest communities are Wyldewood Cove in Collingwood, and coming soon, The Davies, at Avenue Road and Cottingham. Visit BrandyLaneHomes.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

Stat Chat

Investor Advice

People

Ben Myers is senior vice-president of market research and analysis at Fortress Real Developments. Ben assists in evaluating the market and projects that Fortress engages in. Follow his blog and commentary on the Canadian housing market at fortressrealdevelopments.com/ news or follow him on Twitter at @BenMyers29

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

Tal Klachook is a journalism student at Carleton University and is currently an editorial intern at Wall2Wall Media. Obsessed with all things related to cakes and social media, she enjoys learning and writing about the latest real estate trends.

Ben Myers

Andrew la Fleur

004 new Condo Guide may 24 - jun 7, 2014

Tal Klachook

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.

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MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 005


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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 24 - JUN 7, 2014 NEW CONDO GUIDE 009


bild report

The numbers tell the story of

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).

O

ur industry is the GTA’s economic engine. The land development and housing industry creates thousands of jobs every year and helps drive the economy in our region, province and country. Thanks to a report released by the Canadian Home Builders’ Association (CHBA), we have the most recent numbers to back up our words. The figures provide estimates of the economic impacts of building and development in the GTA. There were more than 207,400 jobs across the GTA last year involved in residential and non-residential construction, according to Statistics Canada’s labour force survey. The construction figure represents 6.3 per cent of jobs across all sectors in the region, tying the industry high over the last decade. 010 new Condo Guide may 24 - jun 7, 2014

// By bryan tuckey

industry’s impact on economy If you’re reading this on a subway or bus, look around you. Chances are that there are people sitting near you who are employed by our industry as lawyers, architects, designers or service providers. There’s also a good chance that people in your family or friends in your social circles are employed by the building and land development industry. Residential construction generated $9.7 billion in wages, including $5.4 billion in residential renovations alone. That money shows up in purchases made across the entire GTA economy. These figures show the good work that continues to be accomplished by our industry. We’re focused on creating new complete communities – and homes and businesses that people can afford – out of the vision of the provincial Growth Plan, Places to Grow. And with 100,000 people and 50,000 jobs coming to the GTA every year, it’s good to see our industry continues to help fulfil the needs of the region’s newcomers. We always say the GTA needs to be building about 35,000 new homes each year to accommodate the population growth. There were 34,719 housing starts in the GTA during 2013, according to the report. About 60 per cent of those starts will be condominiums, which are the entry point for new-home buyers, first-time buyers and many new Canadians. And that bodes well for the region’s new arrivals who are looking for homes that they can afford to purchase.

With 100,000 people and 50,000 jobs coming to the GTA every year, it’s good to see our industry continues to help fulfil the needs of the region’s newcomers The report also provided analysis for the future. It states that emerging factors are bound to affect local markets next year and beyond 2014. Those factors include: changes in mortgage rates, terms and conditions; higher governmentimposed taxes, fees, levies and charges; and shortages of serviced land. On predictions for 2014, the CHBA report says the local economic benefits of residential construction in most markets across Canada are likely to be similar or slightly lower than what was seen in 2013. It warns that all levels of government must be aware of how their housing-related policies can negatively impact housing affordability and choice, and how the policies can affect economic performance and government revenues. In other words, the building and development industry is working just fine. It has proven to provide a solid portion of the jobs and wages in the region. Any changes that could affect the economic impact of our industry should be closely scrutinized. We feel the same way.


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 24 - JUN 7, 2014 NEW CONDO GUIDE 011


table of contents

May 24 – June 7, 2014 volume 18 issue 11

20

Inspired architecture and ideal location attract purchasers to

1 Yorkville

columns, news & features 90

002 Editor’s note Columnists

010 bild report The numbers tell the story of industry’s impact on economy by bryan tuckey

016 Home Sweet Home Buyer’s remorse: How to avoid “What if” and “I wish I never” by Lydia McNutt

026 Taxing Issues Assignment agreements by Henry Choo Chong

028 Investor Advice Why the mortgage rate wars are great for condo investors by Andrew la Fleur

032 Fundamentally Speaking Infrastructure’s big boost by Wayne Karl

033 Stat Chat What will happen to prices when all these condo buildings are completed? by Ben Myers

042 Condo Pro A first-time buyers’ paradise by barbara Lawlor

046 Homebuyers’ Help How to find a home near the best schools by Alyssa Richard

050 Industry Insider Let’s get moving by David Hirsh

052 Quick Tips Cost-effective organizing by Hellen Buttigieg

064 Condo Living Social media and Condo Corporations by Shlomo Sharon

070 City Scene Meet Toronto 2014 by Brad Lamb

082 Tarion Report Get it in writing!

by Howard Bogach

084 legally speaking How to work with your lawyer by jayson Schwarz

090 Designer Advice Off the wall by Yanic Simard


condo profiles

24

Great Gulf

24

Yonge + Rich / Twenty Lombard Condominium amenities extend living space and enhance quality of life

54

54

Knightstone Capital Management Inc.

98

The Upper House The Upper House comes to Leaside

98

Queenscorp

Watermark Long-awaited, highly anticipated Long Branch condo by Queenscorp

110

insoho

98

Imagine Condos “Imagine” the possibilities

110

120 Make Your Move Sort, downsize and organize for stress-free summer move

096 Royal LePage The homes have finally arrived, spring brings sellers out of hibernation

124 Money Matters Owning versus renting

128 Dunsire “Anchor” yourself in Lakeview

by Chuck Resnick

by Gail Vaz-Oxlade

In The News

018 CMHC Report April 2014 housing starts 048 Genworth Canada The value of home ownership still worth the wait 076 Edilcan Development Triumph amenities are a lifestyle in the making

Homebuyers’ Help

030 Builder Profile 10 Minutes with Jason Fane 038 Special Feature 10 years in the making: Liberty Development Corp.’s Thornhill City Centre, from concept to community 056 Homebuyers’ Help Considering taking in renters? Read this first

066 Homebuyers’ Help Choosing a home builder 068 Finances The psychology of mortgage pre-approval 072 Style File Spring cleaning and a little transformation by Evelyn Eshun

078 Hot Topic First-time buyers, consider your budget and options by Anthony Jong

080 People L.A. Inc.’s David Klugsberg talks advertising in the digital age by Tal Klachook

086 Recipe Pumpkin ricotta gnocchi by Mark McEwan

094 condo watch 416 Previews, new releases and grand openings in the 416 100 Homebuyers’ Help When closing dates don’t line up by Kara Kuryllowicz

106 Purchasing Points Pre-delivery inspection is an important step in your new-home purchase 118 condo watch 905 Previews, new releases and grand openings in the 905 136 Hot Dates What’s happening in and around the GTA 137 Condo Buyers’ Resource Section 142 advertiser Index


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014 NEW CONDO GUIDE MAY 24 - JUN 7, 2014


ASK ABOUT

*

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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


home sweet home

// by Lydia McNutt

Buyer’s remorse:

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

T

here are many questions that will run through your head in the weeks leading up to closing on your new home. Did I choose the right location? Did I pay too much? Should I have waited out this hot market? We’ve all heard of buyer’s remorse. Maybe it’s that canary yellow convertible that caught your eye at the dealership when you were there only to get an oil change. Maybe it’s that Florida timeshare that tempted you in the dead of winter. Maybe it’s, dare I say it, the home you just purchased.

How to avoid “What if” and “I wish I never”

When it comes to buying a home, feeling a little anxious and questioning whether you’ve made the right decision is normal. Having just bought a new house – our second – my husband and I have been swept up in a whirlwind of excitement, anxiety and stress bordering on distress. First of all, our new home is more expensive. Second, it’s further away. Third, it’s a new community. (Well, not new new, but new to us.) While we were well aware of these factors when we bought the house – and we still consider it worth the trade-off – we can’t help but feel pangs of fear as we prepare for the big move. My husband is the worrier between the two of us, but admittedly, I am very reactive. When the world around me panics, I’m not far behind. So, I too have suffered some sleepless nights. How can you curb those “I wish I never...” and “What if...” thoughts? Here are three ways to stop buyer’s remorse dead in its tracks: Stop looking. You’ve had your eyes glued to the real estate listings for months. Now that you’ve purchased a home, it’s tough to go cold turkey. Trust me – if you keep looking, you’ll find something in a more convenient location, or at a cheaper price, or better in some way. Why are you torturing yourself? If you were happy with your decision to buy when you made it, then stop shopping for the bigger, better deal. Stop listening. You’ve made your buying decision based on your needs and wants. You were confident with your purchase... until Uncle Joe tsk-tsked and dug up that newspaper article he’s been saving for you about a drop in house prices in the coming months. But does anyone really know for certain what will happen in the future? By sitting on the fence and waiting for “perfect market conditions,” you could miss out on some really great opportunities. Don’t be overcome by analysis paralysis. If the timing is right for you, go for it. Stop worrying. You’ve done your homework, haven’t you? You’ve scoped out a variety of locations with a close look at the amenities, home types and their prices. You’ve set a budget. You’ve been pre-approved at a great mortgage interest rate and terms. You’ve saved a down payment and closing costs are covered. You’ve got your team of professionals: realtor, home inspector, lawyer. What more could you have done? Buying a new home – especially for the first time – is certainly stressful, but ask yourself if your fears are founded on facts, or just a common case of cold feet? If you’ve done your research, then it’s most likely the latter and you’ll get over it. Nothing will ruin your homebuying happiness like having it engulfed in a wave of irrational fear. In your home purchase, as in life, regret nothing and enjoy every moment.

016


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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 $300,000’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

MARKHAM | Garden Court | Under Construction from the $400,000’s Appointment Only 416-495-3595

DOWNTOWN TORONTO | Picasso | Under Construction from the $400,000’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

ALSO BUILDING LOW RISE COMMUNITIES IN: Kleinburg | Caledon | Ajax | Scarborough | Kitchener

discover more

MonarchGroup.net Prices, specifications and promotions are subject to change without notice. E.&O.E. 10893

first.


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MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 017


CMHC Report

April 2014 housing starts were trending at 183,515 units in April compared to 184,602 in March, according to Canada Mortgage and Housing Corp. (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. “In April, the trend in housing starts was essentially stable at 183,515 units. This is in line with CMHC’s analysis indicating that the new home construction market in Canada is headed for a soft landing in 2014,” says Mathieu Laberge, deputy chief economist at CMHC. “Over the remainder of the year, builders are expected to continue to adjust activity, particularly with respect to multiples, in order to manage inventory levels.” CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next. The standalone monthly SAAR was 194,809 units in April, an increase from 156,592 in March. The SAAR of urban starts increased to 176,792 units. Multiple urban starts increased to 117,612 units while the singledetached urban starts segment increased to 59,180 units. In April, the seasonally adjusted annual rate of urban starts increased in Ontario, the Prairies and Quebec, and decreased in Atlantic Canada and British Columbia. Rural starts2 were estimated at a seasonally adjusted annual rate of 18,017 units. Housing starts in Canada

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

Housing Starts in Canada – All Areas * Thousands

275 250 225

184,476

200 175

156,823

150 April 2012

018 new Condo Guide may 24 - jun 7, 2014

April 2014

Housing starts trend line (six-month moving average)

Preliminary Housing Start Data April 2014

Mar 2014 Apr 2014

Trend1, all areas

184,602

183,515

SAAR, all areas

156,592

194,809

SAAR, rural areas

13,961

18,017

SAAR, urban centres2 Single-detached

55,583

59,180

Multiples

87,048

117,612

Total

142,631

176,792

Atlantic, urban centres2

3,881

3,264

Quebec, urban centres2

30,859

33,101

Ontario, urban centres2

37,126

62,627

Prairies, urban centres2

44,470

52,824

British Columbia, urban centres

226,295

24,976

Canada Apr 2013 Apr 2014

Actual, all areas

15,928

17,124

Actual, rural areas

2,163

1,634

Actual, urban centres2

1

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

April 2013

Housing starts, SAAR

April — Single-detached

5,630

5,272

April — Multiples

8,135

10,218

April — Total

13,765

15,490

January to April — Single-detached

16,263

15,147

January to April — Multiples

28,760

32,385

January to April — Total

45,023

47,532

Source: CMHC The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR). 2 Urban centres with a population of 10,000 and over. Detailed data available upon request 1

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


C O N DO M IN IU M R E S ID E NC ES AT Y O R K V IL L E & Y O N G E

STEPS TO SUBWAY AND PATH STARTING FROM

$388,000

PRESENTATION LOUNGE

162 CUMBERLAND ST. (416) 519-2911

1YORKVILLE.CA @BazisInc

PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O.E. RENDERING IS ARTIST’S CONCEPT ONLY.

019


cover story

Inspired Architecture and Ideal Location Attract Purchasers to

1 Yorkville When Jack, a Toronto-based IT manager, and his wife set out to buy a

new condominium in the city’s core, they set their expectations high right out of the gate. The location had to be very central, the architecture inspired, and the property luxurious without feeling too stuffy. After endless research and countless site visits, Jack felt somewhat disillusioned by the cookie-cutter offerings on the market. Everything was the same; molded by similar design and familiar construction. Where had the originality gone? Where, in Toronto, could you find a space that suited your personal tastes and ideal of luxury? Call it happenstance or due diligence, but after exhaustive measures, meetings and cross-neighbourhood walks with his wife, Jack finally came across a property that spoke to him in a way that all prior hadn’t: 1 Yorkville. “First off, the architecture is beyond stunning,” says Jack. “For me, this is everything: It’s completely breaking the mould on what is the typical and boring buildings on offer in Toronto.” At first glance, you can appreciate his enthusiasm. The stunning building – designed by award-winning architect Rosario Varacalli – will be Toronto’s foremost in design, a building that not only demonstrates considerable creativity, but also connects to the community. Wrapped in façeted metallic ribbons, the tower is singular, slender and elegant. The ribbons produce a unique interplay of shadow and light which move across the textured surface to create the most glittering effect across the cityscape. Jack concurs: “The shimmering of the façade and the way the ribbons connect and weave. It is just so gorgeous!”

At first glance, you can appreciate his enthusiasm. The stunning building – designed by award-winning architect Rosario Varacalli – will be Toronto’s foremost in design, a building that not only demonstrates considerable creativity, but also connects to the community. Another key highlight? Location, location, location. “My wife and I walk around Yorkville all of the time and it just has this beautiful buzz to it. Whether you’re grabbing an espresso, ice cream or shopping at one of the many boutiques, the village is where we spend a lot of our weekends, and so that was also a major contributor to buying. It’s right in the heart of it all.” 020 new Condo Guide may 24 - jun 7, 2014

Beyond aesthetics and proximity, the roots of its design are also of note and were integral in Jack’s decision-making process. Built above the fully restored Yorkville Village buildings – dating back to the 1860s – the meticulous preservation work was overseen by the city’s premier heritage specialists with the aim to pay homage to the city’s rich history. “I did my research,” he says passionately, “and know that these structures have a solid history. I like the fact the developer has a conscience to preserve this historical era gone by, highlighting


these buildings as opposed to demolishing them. It’s great to preserve some of the past while meshing it together with the future.” This mix of the past and present is a nice interplay which 1 Yorkville also explores with its services and amenities as well. Their mandate? To at once, offer traditional and classic benefactions owners are familiar with, while also making the offering fresh, modern and one of a kind. “The three-floor amenity space truly stands out and is unlike anything I’ve seen elsewhere,” says Jack. “The outdoor movie theatre on the top floor is lovely and the fitness rooms will certainly encourage my wife and I to exercise more.” To wit: The spa, which boasts meditation classes, a juice bar and Zen gardens. The exercise level, which offers the much buzzed-about cross-fit space, Pilates studio and full-functioning fitness gallery. And, not to be missed, the aforementioned rooftop entertainment level which is the best recipe for a great summer in Toronto, complete with inspired city views, barbecues and sun decks. “It’s a robust space that goes above and beyond what is typical in condominium amenities,” says Jack. “Everything you want or need you can find here.” All of this is to say that 1 Yorkville is committed. Committed to living up to its five-star distinction and devout in providing a higher and more exclusive level of catering to its residents. In particular instance, considerable thought went into their 1 Yorkville Signature Concierge. Staff is handpicked and the privileges they afford to their members is unlimited, 24 hours a day, 365 days a year. Residents enjoy unrivalled access to the world’s top-tiered restaurants, preferential rates and reservations to the theatre or opera. No request is too demanding, no ask too large.

Luxury is all about living a lovely life and this was not remiss in 1 Yorkville’s interiors either. It takes attention to detail to create a beautiful space and the lush suites on offer mean you can relish a five-star lifestyle within the comforts of your own home. The aesthetic is rife with hardwood floors, floor-to-ceiling expansive windows and European-style kitchens, whereas the overall design of the principal rooms is open concept so as to appreciate the necessity for comfort. Jack opted for the two-bedroom, two-bath suite. “My wife and I just fell in love with the layout and the fact it was a corner suite. The views are quite amazing. We also couldn’t help but be intrigued by the exquisite European cabinetry in the kitchen – very inspired.” “I’m not a snob,” says Jack resolutely, “but I do appreciate the finer things and being in an environment that has a story; has character. My wife and I are looking to retire at 1 Yorkville and we’re excited about living in a space that complements our lifestyle and inspires us each day.” 1 Yorkville presentation lounge is now open at 162 Cumberland Street. Visit 1yorkville.ca or call 416.519.2911.

may 24 - jun 7, 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

LIVEONTORONTO’SNEWBLUEEDGE, THECIT Y’SNEXTGREATWATERFRONT 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’SMOST CONNECTED CORNER.

Suites from

$549,990

Sales Centre 33 Bloor St. E 416.922.0081 onebloor.com

Coming soon. 022 NEW CONDO GUIDE MAY 24 - JUN 7, 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 24 - JUN 7, 2014 NEW CONDO GUIDE 023


condo profile

Condominium amenities extend living space and enhance quality of life

w

hen you buy a condominium suite, you get a lot more than the square footage listed. Today’s condos include an array of beautiful common areas, from stunning lobbies to oasis-like rooftop terraces. The result is that everyone in the residence, including those in the most compact suites, have the use of these fabulous facilities as part of their everyday lives. Suite owners can maximize their personal space because the amenities are just an elevator ride away. For example, most new condos feature fitness areas for weight and cardio workouts, yoga and Pilates. This means that owners do not have to find space for exercise equipment in their suites and bother with moving furniture to make room for aerobics. When it comes to entertaining, having a designerappointed party room and/or

024 new Condo Guide may 24 - jun 7, 2014

lushly landscaped barbecue terrace available opens the door to entertaining a crowd right at home. Among the condominium developers who continually devote careful thought to creating outstanding amenities is Great Gulf. One example is Yonge + Rich and Twenty Lombard in Toronto, where the company enlisted Diego Burdi of Burdifilek International Interior Design for the interior


amenities and DTAH for landscaping the striking terraces in both of these distinct condominiums. Residents of both Twenty Lombard and Yonge + Rich will be able to take advantage of in-person concierge services from their private double-height lobbies, as well as virtual concierge service through a technology-driven, custom-designed mobile application. At Yonge + Rich, residents can chill out or meet with friends in the condo’s lavish fifth-floor bar/lounge, host a dinner party in the dining area, or screen a movie or hold a video conference in the media room. The 5,000-sq.-ft. fitness area on this floor has a Pilates/yoga studio, juice bar and change rooms. Residents can order à-la-carte services such as personal training, holistic nutrition coaching, yoga, Pilates, massage therapy, acupuncture, chiropractic and physiotherapy. Topping off the roster of amenities is the outdoor pool and garden area, where barbecue facilities, a sunbathing space, plush outdoor furnishings and vibrant greenery provide a welcoming retreat. Twenty Lombard’s 45th floor houses a spectacular 9,000-sq.-ft. space with a glass-walled fitness room with state-of-the-art equipment and yoga/ Pilates area. Residents can unwind in the private lounge and bar, and entertain guests in the private dining room which has a catering kitchen for the utmost in convenience. On the terrace, the landscaped outdoor pool is surrounded by posh furniture and chic cabanas.

Topping off the roster of amenities is the outdoor pool and garden area, where barbecue facilities, a sunbathing space, plush outdoor furnishings and vibrant greenery provide a welcoming retreat Yonge + Rich and Twenty Lombard will rise as one 50-storey tower. The residences are walking distance to Toronto’s Financial and Entertainment Districts, the Eaton Centre, Yonge-Dundas Square, Nathan Phillips Square, the subway and PATH System. Imagine having all of that in your “backyard”! Renowned architectsAlliance created a building design to include more corner suites and larger-than-average outdoor spaces. Purchasers work with Great Gulf’s design consultants to select interior colours and finishes. At Yonge + Rich, the studio, one-bedroom, one-bedroom-plus-den,

two-bedroom and two-bedroomplus den designs range from 420 to 914 sq. ft., with prices beginning from $280,990. At Twenty Lombard, the 150 private residences situated on floors 34 and up are available in onebedroom, one-bedroom-plus-den, two-bedroom and two-bedroomplus-den designs in sizes from 665 to over 2,000 sq. ft. Prices begin from $496,990. The Yonge + Rich / Twenty Lombard sales centre at 26 Lombard (southeast corner of the community) includes a model suite to tour, so you can see for yourself Great Gulf’s built-in design panache and construction quality. Call 416.499.8883 or visit online at yongeandrich.com.

may 24 - jun 7, 2014 new Condo Guide 025


taxing issues

// By henry choo chong

Assignment agreements Q

In April 2011, I purchased a new condo from a Toronto builder. The closing date is August 2014. This was purchased as an investment property that I plan to rent to a tenant. However, I have a potential purchaser who is willing to close with the builder in 2014. I can make a handsome profit. Will this be taxable if I sell to this new buyer before my closing date? Karim, Toronto

A

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.

The past several years have made many Torontonians richer from investing in and “flipping” newly constructed homes and condos. (When you sell your condo before you close, it’s referred to as “assignment.”) If this trend will continue is anyone’s guess. Torontonians continue to thirst for new condos from evidence of all the new condo complexes in the making. Most condo prices start in the lower $300,000 range for first-time buyers, but there is plenty of product for the luxury market as well. Even foreign buyers are getting in on the action. An assignment of the Agreement of Purchase and Sale that’s greater than the original purchase price will carry income tax consequences. For tax purposes, a sale price greater than your cost will attract capital gains tax. Fifty per cent is taxable at your personal marginal tax rate. Additionally, investors should be cognizant of GST/HST, builder and Tarion issues related to the assignment of a purchase and sale agreement: » Many builders do not allow an assignment prior to you taking possession. Some builders may allow assignment prior, provided they give written permission with a fee. Others may waive the fee. Check with your builder before assigning. » Builders may not be obligated to close with a new purchaser and therefore you could incur additional costs such as land transfer tax and additional legal fees. Again, it is important to have some correspondence with the builder to be clear on what their policy is on this type of transaction. » Purchasers who use a new home as their principal residence may assign the GST/HST rebate to builder, who in turn claims it. Investors cannot assign the GST/HST new homebuyer’s rebate to the builder and therefore may have to fork over an additional GST/HST at closing. However, investors can claim a rental GST/HST rebate, provided they satisfy the requirements for such. Consult an accountant and a real estate lawyer who can best advise you on your specific situation.

026 new Condo Guide may 24 - jun 7, 2014


MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 027


investor advice

// by andrew la fleur

Why the mortgage rate wars ARE

great for condo investors

Low interest rates are great for your bottom line. Low interest rates make a big difference to your bottom line as an investor. How? By helping you pay down your principal faster while also paying less interest. Consider this: on a $300,000 investment condo with 20 per cent down, at a three-per-cent interest rate, you will pay off $34,860 in principal in the first five years of your mortgage and $33,287 in interest. At a six-per-cent interest rate, you would pay down only $24,391 in principal and a whopping $67,739 in interest over the first five years of your mortgage. Buying the right condo, with the right mortgage rate, is a great move. Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto Condo Market. Visit TrueCondos.com/NewCondoGuide for a free gift. Contact Andrew at 416.371.2333 or andrew@truecondos.com

T

he mortgage rate wars are now in full effect. Recently we’ve seen the return of the 2.99-per-cent five-year fixed-rate mortgage, and a huge surprise was when one lender announced an incredible 1.99-per-cent three-year variable-rate mortgage. Wow! So what do the mortgage rate wars mean to condo investors? It’s all good news, that’s for sure.

Low interest rates are here to stay. For the last five years it’s been the same old song from the skeptics: “Yes interest rates are low, but what happens to everyone when rates jump back up to normal?” The reality is that the interest rates are not going anywhere any time soon. The Bank of Canada has recently come out and admitted that rates aren’t going anywhere for the next 1.5 years. The U.S. federal reserve is saying the same thing. No civilized country on Earth is raising interest rates, so why would Canada? The U.S. economy, and therefore the world’s economy, is still sputtering along at a snail’s pace. It’s time to accept the fact that we will be in a low interest rate environment perhaps for the next decade or more. Are you going to sit on the sidelines and wait for higher rates, or are you going to take advantage and act now?

A better economy means more jobs and higher wages, which means more demand for real estate, and thus prices will rise, not fall When interest rates eventually do start to rise, don’t worry. Here’s why: The fears that people have about rising interest rates and a subsequent falling real estate market are irrational. Here’s why: if and when the Bank of Canada raises interest rates, that will mean that the economy is doing better than it is now, not worse. A better economy means more jobs and higher wages, which means more demand for real estate, and thus prices will rise, not fall. Prices fall during recessions, not during times of growth. Rental rate increases may slow down as more people shift from renting to buying in the future, but as a landlord you win either way. Interest rates stay the same and more people will rent driving up your income from rents. Interest rates start to go up and more people will buy, driving up your property’s value.

028 new Condo Guide may 24 - jun 7, 2014


yOU’re inviteD tO OUr live raDiO brOaDcaSt! Join us on June 7th 2014 at the Chaz Yorkville Sales Centre for our SinG taO raDiO event brOaDcaStinG live On a1 chineSe raDiO aM 1540. Don’t miss this exciting event with one-day-only special offers at Chaz Yorkville, Toronto’s most exciting condominium. Come and discover why Chaz Yorkville is by far the best condo in the luxurious Yorkville location with shopping, dining, accessible subway access, hotel-style lobby, incredible amenities, views that will take your breath away and more! The very best of downtown with the very best offers possible.

One-Day-Only Special OfferS: Only 5% DepOSit * Up tO $25,000 caShback DOOr 2 year leaSeback priZeS! neW flOOrplan releaSe pricinG frOM the $300’S anD all that chaZ. Date: SATURDAY JUNE 7th, 2014 tiMe: 12:30pm – 4:30pm lOcatiOn: Chaz Yorkville Sales Centre – 101 Yorkville Ave REfREShmENTS will bE SERvED

U of T

Wellesley St.

Isabella St.

Church St.

PRiCES AND SPECifiCATioNS ARE SUbJECT To ChANgE wiThoUT NoTiCE. illUSTRATioNS ARE ARTiST CoNCEPT. E&o.E.

Bloor St.

Yonge St.

ExClUSivE bRokER bAkER REAl ESTATE iNC. bRokERS PRoTECTED. *SPEAk To A SAlES REPRESENTATivE foR moRE DETAilS.

Dupont St.

45 Charles St. E. Bay St.

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

Avenue Rd.

VISIT THE SALES CENTRE TODAY! CHAzYORkVILLE.COm | 416.922.0045

Yorkville Ave. Sales Centre


Builder Profile

10 minutes with...

Jason Fane will soar more than 47 storeys high. “Chaz.Yorkville has given me an opportunity to use all the knowledge and development ideas I’ve built up over many decades, since I was six years old and went with my grandfather to visit an apartment house he owned,” he says, looking back on some very early memories that helped shape his career. He says it was important not to merely repeat what’s already been done in Toronto, and his dedication to creating something exceptional is immediately apparent in Chaz’s exterior design by Page + Steele / IBI Group, one of Toronto’s most soughtFounder of 45 Charles Ltd. Jason Fane’s success in the real estate industry dates back more than 40 years in his native New York and New York City, and almost as long in his second home of Toronto, a city whose “delightful culture” and “positive philosophy” hooked him after a visit in the 1970s. His high-profile position alone takes up more hours in a day than many people are awake, so it only makes sense that he has a very important reason to keep doing it: he enjoys every minute. “Developing a major condo tower is tremendous fun as well as a lot of detailed work,” he says. “It’s a chance to make one’s mark on the world and to see what you’ve accomplished. It’s the fun of taking one’s ideas and making them reality, of being in the centre of the action, of building part of a great city, and of working with some wonderful Canadians.” One of Fane’s strengths as a developer has been building in neighbourhoods whose property values just seem to climb and climb, such as Manhattan’s Park Avenue, where he owns several blocks, and the amazing Yorkville locale of Chaz.Yorkville, where his company and project manager Edenshaw Homes are well under construction with a landmark tower that 030 new Condo Guide may 24 - jun 7, 2014

“Developing a major condo tower is tremendous fun as well as a lot of detailed work. It’s a chance to make one’s mark on the world and to see what you’ve accomplished. It’s the fun of taking one’s ideas and making them reality, of being in the centre of the action, of building part of a great city, and of working with some wonderful Canadians.”


SNAPSHOT after architectural firms. Although it reads as an octagon, the tower’s shape actually has 16 sides, which allows for eight outside corners. Buyers have snapped up the light-filled corner units and their extraordinary views, which Fane says makes the extra expense and work involved in designing such out-of-the-box buildings worthwhile. Of course, with a name like Chaz.Yorkville, location is of vital importance, and Yorkville is close to his heart – in fact, his Toronto address has been in Yorkville since 1972. “It’s surrounded by Canada’s best. It’s fun, in the centre of the action, and has the best subway service in Toronto,” he says. “In addition, many of the smartest people in Toronto and Canada live or work in Yorkville. There’s the delightful convenience of being able to easily walk to so much that many others have to travel hours to reach.” Fane has owned the Chaz.Yorkville site for about two decades, but with a long view of the market, he understands that a project of this scope takes time. “Timing is very important. There’s a good time to buy a site, a good time to get approvals, and a good time to actually built and sell the condos. Often, those three times are many years apart, so patience is an important part of building a great project,” he says, adding that location, availability, size, shape, and topography are the elements that spur him to purchase a new site. “I love sites near subway stations and Chaz is at the intersection of both the Yonge Street and Bloor Street subway lines,” he says. “Favorable government policies are essential, too, and both the Ontario and Toronto governments deserve tremendous credit for making our wave of new construction possible. It isn’t like this in many other places, and it wasn’t always like this in Toronto.” Fane says he thinks Toronto’s reputation is about 20 years behind its reality. “Toronto, like New York, has a quality population that is productive, creative, and rewards success. Toronto has an honest and ethical philosophy and a great mix of people from many countries who came here to work for a better life for themselves and their families,” he says. “Toronto is easier to live in and less expensive than New York. People here know it is one of the best and easiest of the great cities to live in. If Chaz were in one of the other great cities, such as New York, London, Hong Kong or Singapore, and in a similar outstanding location, it would sell for three to five times as much. In world terms, Toronto is a screaming bargain and there are good reasons to believe that our prices will move toward world prices.” Fortunately, Chaz.Yorkville still offers one of the city’s best values, starting in the $300’s. Visit ChazYorkville.com or come to the sales centre at 101 Yorkville Ave. Hours are Monday to Thursday noon to 6 p.m.; Friday 2 to 6 p.m.; Saturday, noon to 6 p.m.; or Sunday noon to 6 p.m. Call 416.922.0045 and ask how you may qualify to put five per cent down on a home of your own in Yorkville!

1. Key Message Toronto is one of the very best cities in the world to live in, Yorkville is a superb part of Toronto and Chaz is one of the very best in Yorkville. Chaz would easily be considered the best condo tower in most cities in the world. 2. Key Players Page + Steele architects; Cecconi Simone interior designer; project manager Edenshaw; contractor PCL; Baker Real Estate; the public relations team at tcgpr; marketing agency Montana Steele; and me, the developer. 3. Values First, to put in more quality than necessary. Second, to be one of the finest condo communities in Toronto. Third, to deal honestly and fairly with our employees, our contractors and suppliers, and our purchasers. 4. Market Niche Chaz’s natural market is the active people with full lives who want to be in the centre of town and who will enjoy the way it will save them time, make their lives easier and better, and give them quick access to the best of Toronto. 5. Past Projects Using the criteria that a stand-out project leads the way in improving its neighbourhood, The Collegetown Court apartments at the entrance to Cornell University in Ithaca, New York (1985); modernization of the 1916 Park Avenue industrial building in Harlem in New York City (starting 1993); modernization and repositioning of The Village Centre on Church Street, Toronto (starting 1999). 6. Why choose CHAZ.Yorkville? Its outstanding location will save residents time, its superb quality they will enjoy for decades, and its excellent value. In addition, the extensive and excellent amenity package has several highpoints that are unmatched in this part of Toronto. 7. Awards The National Association of Homebuilders awarded Chaz.Yorkville 2010 International Community of the Year award, their way of saying that Chaz is the best in the world.

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fundamentally speaking

// by wayne karl

Infrastructure’s big boost

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

T

here’s an old joke that Toronto has only two seasons – winter and construction. But as anyone travelling the Gardiner Expressway lately (and over the next two years), or along the QEW to or from Hamilton, or any number of other local congestion points, can attest, traffic in the GTA is anything but a laughing matter. Unfortunately, such is life in the Big Smoke – now and for the foreseeable future. Once upon a time, construction season may have been only during the warmer weather months. But those days are over. You can now count on it almost being a 24-7, year-round endeavor. Indeed, with continuing immigration, general growth and construction expansion – all happening at a quicker pace than

032 new Condo Guide may 24 - jun 7, 2014

infrastructure improvements – our highways and transit systems are being strained like never before. Population in the GTA continues to increase by about 100,000 people per year. Research suggests that by 2031, there could be three million more people living in the area – bringing with them an additional 1.5 million vehicles. If you think traffic and transit are challenging now, just wait. This is why the provincial government, in its most recent budget, unveiled a comprehensive 10-year economic plan that includes more than $130 billion in infrastructure investments. Two dedicated funds will be created to support infrastructure projects essential to Ontario’s economic growth and job creation in: » Greater Toronto and Hamilton Area (GTHA) — Improvements to GO Transit rail service and public transit investments to address congestion, support economic development and improve mobility throughout the region, and » Outside the GTHA — Investments in roads, bridges, transit and other essential infrastructure across the province, identified in partnership with Ontario regions and communities. Why, you may be wondering, should you care about all this stuff, as a prospective homebuyer?

Research suggests that by 2031, there could be three million more people living in the GTA – bringing with them an additional 1.5 million vehicles As several transit and transportation examples in Toronto illustrate, proximity to infrastructure is becoming more important than ever. Access to a variety of amenities and essentials – from transit to health care to schools to shopping to recreation – is a critical determining factor for builders and buyers alike. It matters for lifestyle and comfort while you live there, as well as for resale potential down the road. So, stop waiting for construction season to end. While you’re out shopping for your new home, look around to see how far you are from the nearest highway or rapid transit system – existing or under construction – that affords you a reasonable commute; and how close you are to health care, schools, shopping and recreation. These communities will be at a premium, now and in future.


Stat Chat

// by Ben Myers

What will happen to prices when all these

Ben Myers is senior vice-president of market research and analysis at Fortress Real Developments. Ben assists in evaluating the market and projects that Fortress engages in. Follow his blog posts and commentary on the Canadian Housing Market at fortressrealdevelopments.com/news or follow him on twitter at @BenMyers29

F

or the past decade, the boom in the Canadian condominium market has made for much debate within the media, the general public, the government at all levels, and housing analysts like myself. The primary focus of these debates has been on the activity in Vancouver and Toronto. In the Toronto Census Metropolitan Area (CMA) at the end of 2004, there were over 130,000 completed highrise condominium apartments in the CMA, and a decade later the figure is closer to 250,000, with another 55,000 under construction. I’ve had the opportunity to speak and present on the Toronto CMA condo market at sold out BILD and Toronto Construction Association events, and other

condo buildings are completed? housing conferences, on TV, and to the press weekly on the happenings in the market. I speak regularly to investors in the Fortress Real Capital product and still have the ear of major players in the industry. The most common question I’ve received over the past five years is if the condo market is in a bubble, and what will happen to condominium pricing when all these units being built complete and occupy? The condo market doesn’t suffer from a lack of naysayers, who were worried about overbuilding in the Toronto market as far back as 2002, and the potential negative consequences for pricing. Whenever another positive report on resale condominium prices is released by the Toronto Real Estate Board, theses cynics mention the ‘mountain’, ‘glut’, or ‘landslide’ of condominiums set to be completed from the near record-high 55,000 going up. Much discussion was had earlier this year when forecasts surfaced calling for up to 35,000 of those units to complete in 2014, however, most of the outlets covering the story failed to mention that most years complete much less than is forecast at the beginning of the year, and firms ‘in the know’ were forecasting just 18,000 to 20,000 condominium completions this year. The doomsayers like to point to these figures as a reason to avoid buying a new condominium, that this ‘onslaught’ of new condos will increase supply in the resale market and depress resale pricing, ultimately costing you money when you want to sell. What these folks fail to mention, is any statistics to back up their statements. In theory, the claim that more completed condos

The most common question I’ve received over the past five years is if the condo market is in a bubble, and what will happen to condominium pricing when all these units being built complete and occupy?

may 24 - jun 7, 2014 new Condo Guide 033


In Q1-2014, completions hit 5,600 (36 per cent greater than average in 2013), and resale pricing increased 5.1 per cent, the secondhighest level of annual appreciation in the past two years will result in lower resale prices is a valid argument based on the tenets of supply and demand, but has that been the case? For the data, I turned to top condominium market research firm Urbanation and the Toronto Real Estate Board, I analyzed the quarterly condominium apartment completions, and the annual change in the resale price-per-square foot in those quarters since 2004. I specifically concentrated on spikes in completions, to monitor if pricing declines in that quarter were due to the increased potential resale supply that might come with the newly completed projects. In Q2-2005, there were nearly 3,700 condo apartment completions in the Toronto CMA, 60 per cent greater than the average quarterly completion level in 2004. Resale pricing increased 4.1 per cent annually that quarter, the lowest quarterly increase that year. In Q2-2008, there were over 4,400

034 new Condo Guide may 24 - jun 7, 2014

CMA completions (65 per cent increase over 2007 average), but resale condo prices jumped 8.5 per cent, the highest quarterly total of the year. In Q1-2010, the nearly 5,000 completions were double the average quarterly figure in 2009, and resale pricing jumped 19.3 per cent year over year – the highest annual price inflation in the Toronto CMA resale condo market in 18 years! More recently in Q1-2014, completions hit 5,600 (36 per cent greater than average in 2013), and resale pricing increased 5.1 per cent, the second-highest level of annual appreciation in the past two years. Many new home purchasers are holding onto their units and not selling them when the building completes, and many new condominiums bought by investors are being leased out by the huge number of hold-and-rent private landlords. In conclusion, buy a condo that you can afford, where you want to live, and pay less attention to the “overbuilding in the condo market� crowd, as the data has shown that pricing has more often gone up, than gone down in the Toronto condo market when new buildings have completed. Happy condo hunting.


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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 24 - JUN 7, 2014 NEW CONDO GUIDE 035


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www.MyLibertyCondo.ca 036 NEW CONDO GUIDE MAY 24 - JUN 7, 2014

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MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 037


Special feature

10 Years in the making

Liberty Development Corporation’s Thornhill City Centre: From concept to community

038 new Condo Guide may 24 - jun 7, 2014

Over the last 10 years Liberty Development Corp.’s master-planned condo community called Thornhill City Centre has grown, matured and succeeded in Thornhill. The community’s location was once just a vacant field and an old strip motel. Today, thanks to the vision of Liberty, and the enthusiasm and confidence of thousands of new residents, Thornhill City Centre is one of the GTA’s great success stories. Located on Bathurst Street just south of Hwy. 407, the community’s unparalleled location gives residents access to the best that Thornhill has to offer, including the fashionable Promenade Centre and nearby golf courses, modern public transit and community facilities. The multi-phased, 25-acre residential development also boasts the City of Vaughan’s first urban park – a stunning five-acre green space called Thornhill Green. Liberty is selling the community’s final phase, a 25-storey tower known as Legacy Park.


Pictured top

Pictured centre

Pictured bottom

2004

2008

2010

Long lines of anxious buyers greeted the launch of each phase at Thornhill City Centre

A cheer for Thornhill City Centre from the sales centre

Professionally landscaped paths define the outdoor space at Thornhill Green

“I wanted to take this opportunity to thank Liberty Development for providing me with a place I can finally call ‘home.’ I have bought a unit in The Fountains at Thornhill City Centre and I’m very happy with my purchase. The sales team at Liberty has been outstanding and very accommodating throughout the purchasing process. I knew from the start that I would surely buy with Liberty and make this community my home. I’m very grateful for Liberty’s commitment to providing great designer-quality homes. Thank you for a wonderful experience.” –Tushar

may 24 - jun 7, 2014 new Condo Guide 039


Pictured

1 The 2008 unveiling of a dedication plaque at Thornhill Green with former Mayor of Thornhill Linda Jackson 2 Families enjoying the play area in Thornhill Green

1

3 Legacy Park – the final chapter, now selling

“Very happy with the condo. It is very modern and reminds me of a beautiful hotel.” –Nina

2

For more information on Thornhill City Centre, visit the website at LegacyParkCondos.ca 3

040 new Condo Guide may 24 - jun 7, 2014


GO NORTH and discover how Daniels is making it easier than ever to live the High Park lifestyle! INCREDIBLE CASH INCENTIVES*

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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.

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*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 24 - JUN 7, 2014 NEW CONDO GUIDE 041


condo pro

// by barbara lawlor

a first-time buyers’ paradise

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.

I

’ve been involved in the newcondo industry for years, and I have never seen conditions as favorable for first-time buyers as they are right now.

042 new Condo Guide may 24 - jun 7, 2014

Anyone thinking about taking this major step should seriously consider buying soon for a multitude of reasons. For one thing, it’s absolutely incredible that interest rates have stayed so low for so long. Whatever age people are when they enter the market today, they’re getting rates far lower than what their parents had. And when you consider the length of time it takes to pay off a mortgage and the amount of interest you pay during that time, every percentage point – or even fraction of a point – lower represents many thousands of dollars saved in the long run. Also on the financial angle, prices are extremely competitive – mainly because there is a phenomenal amount of choice out there aimed at the first-time buyer market. As the price of lowrise homes skyrockets, condominiums are a refreshingly attainable choice as a first home. As a first-time buyer, you may have to choose one of the more compact designs, but remember, you have wonderful amenities that are an extension of your living space. For example, with a fitness room in the condo building, you don’t need space in your suite for exercise equipment. If you want to entertain a crowd, you can book the party room or have friends over to watch the big game in the theatre room. And of course, the Federal government is helping first-time buyers get into the market by offering the first-time Home Buyers’ Plan (HBP), which allows you to withdraw $25,000 – tax free! – from your RRSPs to put toward a down payment and other purchase-related costs. If you’re a couple, you can each use that amount, for a total of $50,000. Don’t forget about the first-time Home Buyers’ Tax Credit (HBTC) of up to $750 in tax relief. Adding to the appeal, developers are coming up with all kinds of incentives to offer items that might otherwise be too costly for first-time buyers. Examples include a free Metropass for a year, free upgrades, and the opportunity to buy on a higher floor with no premium. These incentives are enticing, but they are there for a limited time – another reason to make your move now. You will also find suites available with quick occupancies, and as a first-time buyer, you have the luxury of not having to sell an existing home before you can comfortably buy your new one. Many developers are holding first-time buyer seminars with a panel of experts available to answer any questions you may have. You can find out how the home-buying process works, make inquiries to bank representatives, designers, sales people, lawyers and the like. Once you know exactly what is involved, you can go into your home hunt with more confidence. Remember, the economy and real estate roll in cycles. Mortgage rates will rise again, and so will the prices of condominium suites as labour, materials and other building costs increase. If you can buy your first home now, you have a lot going for you that may not be available in the future. Think ahead and act now!


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

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044


045


Homebuyers’ Help

How to find a home

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

W

hen you get ready to start your home hunt, you’ll likely start by compiling a list of “needs” and “wants.” Your needs will include the size of the home, including how many bedrooms and bathrooms your family requires. Your wants, on the other hand, may include more conveniences, like new upgrades and appliances, or extra storage space.

// by alyssa richard

near the best schools If you’re part of a growing family, finding a home near a good school is probably also near the top of your “needs” list. Depending on where you live, it may not always be possible to find something within walking distance. But beyond just proximity, you may be more concerned about the testing results of any schools your kids could potentially go to. So, where can parents find this information? Unfortunately, it can take time to dig around for it online. Every year, the Fraser Institute releases “report cards” for schools all across Canada. Divided by province and then again by elementary and secondary schools, parents can view charts online and download PDFs that reveal everything, from average exam marks, fail rates and graduation rates, to gender gaps in certain studies and more. Each school then receives an overall rating out of 10 – 10 being the best score a school can get. In most provinces, there are also other organizations that measure student achievement through standardized tests. For example, the Education Quality and Accountability Office (EQAO) in Ontario is responsible for measuring achievement in reading, writing and mathematics in relation to the province’s curriculum requirements. EQAO takes the average scores of these tests (in percentages) and gives each school a grade between zero and 100 – 100 being a perfect score. The task of looking for these scores for every individual school your kids could potentially go to is daunting. Finding a home you can commit to buying is hard enough – making sure it’s within the boundaries of the school district you want, and close to good schools, only adds to your stress throughout the process. Fortunately, if you’re a homebuyer in Toronto, there’s a new website that revolutionizes the process. Scholarhood.ca helps buyers find homes close to the best schools in Toronto. The site showcases the boundary data for all of Toronto’s school districts on a map, and uses up-to-date metrics from the Fraser Institute and EQAO to show how schools rank in each district. When you find a district you’d like your kids to go to school in, you can request all the listings within the boundary lines.

Scholarhood.ca helps homebuyers find homes close to the best schools in Toronto. The site showcases the boundary data for all of Toronto’s school districts on a map, and uses up-to-date metrics from the Fraser Institute and EQAO to show how schools rank in each district. 046 new Condo Guide mar 29 - apr 12, 2014


MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 047


in the news

The value of home ownership still worth the wait: Genworth Canada study According to a national survey

commissioned by Genworth Canada, homebuyers are working harder and longer to save for a down payment and remain confident in the long-term benefits of buying a home. The annual poll, completed in conjunction with the Canadian Association of Credit Counselling Services (CACCS), asked 1,507 Canadians questions about their financial well-being and preparedness. “Despite tighter mortgage qualification criteria over recent years, survey results point toward positive trends in homebuyer behaviour,” says Stuart Levings, chief operating officer of Genworth Canada. “With a stable economy and real estate market, Canadians appear to have more confidence in the value of home ownership and see their goals of home ownership and financial well-being as more achievable.”

Despite tighter mortgage qualification criteria over recent years, survey results point toward positive trends in homebuyer behaviour

Highlights

Homebuyers are thinking more about smart home investing » 17 per cent say now would be a good time to buy a home, with a slightly higher proportion among first-time buyers (19 per cent ) » Up since 2013, two-thirds of respondents (64 per cent versus 58 per cent) feel that housing prices will increase in the next 12 months » Half expect to take one to two years to save for their down payment, with an increasing number (29 per cent versus 21 per cent) saying it will take three to four years » 53 per cent are worried they might miss the perfect home because they don’t have enough saved for the down payment » 67 per cent say their goal is to pay off their mortgage faster, up from 62 per cent in 2013 Home ownership is a valuable asset both financially and emotionally » Nine out of 10 people agreed that owning their own home gave them a greater sense of emotional well-being » Nine out of 10 people thought home ownership may mean more work To help get Canadians thinking about their financial well-being, Genworth and CACCS are launching a mobile version of the Financial Fitness Score tool. The tool helps people determine how well they are managing their finances and provides useful information that is based on their financial fitness level. The relaunched version now allows consumers to access the tool from any mobile device or platform. To find out your Financial Fitness Score visit financialfitness.ca.

048 new Condo Guide may 24 - jun 7, 2014


MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 049


Industry Insider

// By David Hirsh

Let’s get moving

David Hirsh is president and CEO of Brandy Lane Corp. David prides himself on his creative hands-on approach to all stages of the development and building process. He believes that everyone is his client. The company’s newest communities are the highly successful Wyldewood Cove in Collingwood, and coming soon, The Davies, at Avenue Road and Cottingham. Visit BrandyLaneHomes.com.

W

ith the Victoria Day long weekend now behind us and the promise of better weather ahead, you might be encouraged to get more active. I know I am, and this is certainly the time to get moving! When you are considering your future house

050 new Condo Guide may 24 - jun 7, 2014

or condo, you’ll want to make note of local and on-site indoor fitness facilities, as well as what outdoor active pursuits are close to home. There’s no doubt that day-to-day life can be very hectic and sometimes squeezing in a workout is the last thing on your mind. Or you might be getting bored with a repetitive routine that no longer challenges you. This is exactly why circuit training has become as popular as it has recently. This type of workout allows for an effective and quick way to get your heart pumping while having fun by switching up your regular routine. If you’re looking for a new condo, you’ll likely have a fully equipped fitness centre right in the building, with everything from elliptical trainers for the perfect cardio workout, to weights that will sculpt those abs and arms, and often a yoga/Pilates studio – talk about the ultimate in circuit training! Depending upon where you’re looking to live and the lifestyle you want, other amenities that may be important to you include party rooms – where you can host larger gatherings and where you and your friends can stay fit by dancing up a storm. In some cases, you might even have a pool located conveniently in your building. Take into consideration which fitness amenities you are most likely to use when determining the best place for you.

In terms of location, maybe your new home search is centred on a specific locale because you’re an avid golfer and you want the club or range you play at to be close by. In terms of location, maybe your new home search is centred on a specific locale because you’re an avid golfer and you want the club or range you play at to be close by. You might want to consider your proximity to trails or paths where you can hike, walk, run or bike during the warmer months. Perhaps you already have a gym membership, or made a pact with yourself to take regular brisk walks around your neighbourhood or the local park. Either way, consider how easy it is to get involved in the activities you enjoy the most. The easier working out is for you, the more likely you are to stick to it. Fitness facilities and access to active areas are also a great way to create a like-minded community and introduce some balance and much-needed stress relief to your life. For instance, you could meet in your condo gym and challenge each other to surpass your current physical limits. On the other hand, you could create a neighbourhood-run club that meets regularly to get out and keep active. If you know that others are counting on you to join them, that sense of responsibility can also work as a great motivator on those days when you might skip your workout. Bearing in mind how you want to stay active during your new home search will help set you up for success!


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:

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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.

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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 24 - JUN 7, 2014 NEW CONDO GUIDE 051


quick tips

// by hellen buttigieg

Cost-effective organizing

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.

Prices keep going up and up,

so when you’re cutting costs, why not cut clutter at the same time? You don’t need to spend your hard-earned money on expensive storage solutions. Chances are, you may have the thrifty answers in your home already!

Use what you have. Before rushing out to buy bins and baskets, look around your home for things you can repurpose: › Egg cartons or ice cube trays can be used to organize earring sets, cuff links or hair accessories. › Empty plastic baby wipes containers can be used to store crayons and markers, first aid supplies or sewing supplies, and they stack easily on a shelf. › Empty baby food jars can be used to keep touch-up paint, spare buttons, or screws and nails. › The large clear plastic container that you can buy pre-washed salad in is perfect for storing special occasion shoes, keeping them visible yet dust-free. They are also useful for storing yarn and other craft supplies by colour; the clear boxes let you see your materials at a glace and they look attractive on a shelf. Corral coin clutter. Do you have

loose change in every part of your home, from your junk drawer to the kitchen counter? Grab a clear jar and label it “fun funds.” Now you have a designated place to deposit those coins, both reducing clutter and creating a little nest egg. Once the jar is full, treat yourself to a small indulgence and then begin again. You might even want to create individual fun-fund jars for each family member to encourage saving while keeping coin clutter at bay. Zip-lock bags – the cost-effective cure-all for clutter. Plastic bags that

zip shut are for more than just

052 new Condo Guide may 24 - jun 7, 2014

keeping sandwiches fresh. Use the large ones to store shoes when traveling so that they don’t soil your clothing. Use the small ones to organize the contents of your drawers by storing like with like. Place elastic bands in one bag, cotton swabs in another. Use them for band-aids, cosmetic sponges and bobby pins. Items remain sorted, clean and dust-free. Bonus: no need to label because you can see the contents clearly. Save a tree. Want to reduce the

amount of paper piling up in your office, and save trees and money as well? Pull the paper out of your printer and store it in a file folder across the room. Although this may seem counter-productive, you will actually be saving time in the long run. By making it less convenient to print, you will begin to print more consciously and less often. As a result, you’ll have fewer papers to pile, sort through and file later, and you’ll spend less money on print cartridges and paper. Go on a non-shopping spree.

If you can’t seem to go to the store without bringing something home, even if you don’t need the item, perhaps it’s time to take a break from shopping. For the next three months, go on a consumer diet; challenge yourself to buy only the necessities. Not only will you be saving money but excess things won’t be accumulating, and you may actually find you feel better in your space.


condo profile

THE UPPER HOUSE COMES TO LEASIDE

Anticipation builds as Knightstone Capital Management Inc. prepares to launch The Upper House in Leaside

a

midst the picturesque tree-lined streets in Leaside are some of Toronto’s most highly sought after houses, nestled amongst a number of the city’s top-rated public schools and most beloved parks and community centres. With its “small town” feel, many aspire to live in this upscale locale, but find themselves priced out of the neighbourhood. Now, Knightstone Capital Management Inc. is offering an accessible way to live in this great area with their new condominium project – The Upper House. Located at Laird Drive and Millwood Road in the heart of Leaside, The Upper House offers condo buyers great location, stunning architecture and eminently livable suite layouts. “We saw a great opportunity to create a boutique residence set in one of Toronto’s best neighbourhoods – close to shopping, parks, schools and recreational facilities. All this, plus the convenience of living a condo lifestyle,” says Alan Perlis, chief operating officer of Knightstone. Called The Upper House, this distinguished seven-storey residence features 74 suites including a number of two-storey townhomes designed by award-winning Kearns Mancini Architects Inc. Ideally situated, the site stands just steps away from an array of shopping plazas on Laird Drive, including stores and restaurants like Bulk Barn, Aroma, Linen Chest, Booster Juice, Against the Grain Urban Tavern and Five Guys Burger, to name a few. One of the area’s most iconic shopping destinations is the newly opened 054 new Condo Guide may 24 - jun 7, 2014

Longo’s grocery store. Converted from an old Canadian Northern Railway service station, this foodie hotspot serves as a popular attraction for locals, with its lofty ceilings, second-floor sit-down restaurant, Starbucks and chic outdoor patio. Starting from the mid-$300,000s, suite layouts range from bachelors to three-bedroom-with-den designs, while townhome layouts are available in two-bedroom, twobedroom-with-study and twobedroom-with-family room and office/den. Knightstone worked with the design team at Chase International Design Consultants Inc., to create suites that make residents feel “right at home,” says Perlis. “That was the challenge we gave our designers; to create the first


condo in Toronto that actually functions like a single-family home.� Smooth finished ceilings in principal rooms and pre-finished engineered hardwood flooring throughout make for a perfect dwelling place. Gourmet kitchens feature quartz countertops, fully integrated appliances, recessed undermount LED cabinet lighting and a single bowl stainless steel undermounted sink with contemporary design faucet and integrated pull-out head. Spa-like ensuite bathrooms offer customdesigned cabinetry, quartz countertops with an undermount ceramic sink and polished chrome faucet, custom-designed mirror and vanity cabinet, and porcelain floor tile. Balconies, terraces and patios are complete with gas lines for barbecues. The Upper House features a fitness studio, equipped with weights, cardio equipment and a stretching area, a residents’ lounge, complete with a full catering kitchen, dining area, fireplace and large-screen TV (with access to an outdoor patio garden). Other amenities include a rooftop terrace with an integrated barbecue/prep area and outdoor lounge with gas

Located at Laird Drive and Millwood Road in the heart of Leaside, The Upper House offers condo buyers great location, stunning architecture and eminently livable suite layouts

fireplace and dining space. For pet owners, a dog spa is available where owners can clean up their pets after a long walk in one of the nearby ravine trails and parks. Register now to be one of the first to preview The Upper House. Go to TheUpperHouseCondos.ca, call 416.425.1800 or email theupperhousecondos@bakersales.info. may 24 - jun 7, 2014 new Condo Guide 055


Homebuyers’ Help

Considering taking in renters?

Read this first

Purchasing an investment

or renting out part of your own home, can be an appealing way to help with the mortgage, utilize extra space or make a real estate investment. According to Phil Dorner, immediate past president of the Ontario Real Estate Association, condo,

According to Phil Dorner, immediate past president of the Ontario Real Estate Association, beyond the additional income, a rental property can be a valuable asset to your investment portfolio, as well as useful for family needs continued on page 58‌

056 new Condo Guide may 24 - jun 7, 2014


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 24 - JUN 7, 2014 NEW CONDO GUIDE 057


Homebuyers’ Help

continued…

beyond the additional income, a rental property can be a valuable asset to your investment portfolio, as well as useful for family needs (including housing an aging relative or perhaps as a home for college-aged children close to campus). “While there are clear benefits, before you consider becoming a landlord, make sure that you have a good grasp of what getting into the rental property business really entails,” says Dorner. tips for prospective landlords to get started:

Know your rights and responsibilities as a landlord. Understanding the Act will help protect you as a landlord and also provide clarity on the roles and responsibilities between landlord and tenant.

›› Read the Residential Tenancies Act

Choose tenants carefully. Make sure that you have prospective tenants fill out an application. Be sure to check references and carry out a credit check through a credit bureau.

›› Screen tenants

Notify your home insurance company to avoid liability.

›› Talk to your insurance company

Make sure your suite complies with municipal bylaws. If the suite is not up to standards, you will not be able to get insurance.

›› Ensure your rental suite is legal

Do your research and talk to successful landlords who can provide precedent. Tapping into the expertise of successful and experienced landlords is invaluable for first timers.

›› Learn from other landlords

Understand the responsibility and time commitment necessary in being a landlord and, if you are considering renting out a room in your home, make sure that you are comfortable making concessions in terms of your personal space and privacy. If you are planning on purchasing an investment property, speak to your realtor about your goals so that you can be sure that the property you choose is appropriately situated, outfitted and conducive to attracting highquality tenants. NC 058 new Condo Guide may 24 - jun 7, 2014

Quick tips when buying a second property Owning a condo as an investment property makes sense, if you can swing it financially. Knowing your financing options before you buy is crucial to avoid surprises down the road. “Financing the purchase of a second property can be complicated at first glance,” says Farhaneh Haque, director of mortgage advice with TD Canada Trust. “A team of experts such as your mortgage lender, real estate agent or builder, and insurer can take you through the process and help you decide what you can afford.”

Some things to consider: You may be able to use the equity in your home as a down payment for your second property. Using this equity you’ve built up is one way to contribute to the minimum 25-percent down payment required for investment and cottage properties. If you need financing, set up a new mortgage for your second property. Also, you must have sufficient income to carry all debts, including your primary residence. For most investment and vacation properties, financing can be provided using a standard mortgage. All of the different options and terms available when financing your primary residence are also available on your second property. More information is available online at tdcanadatrust.com. NC


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. MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 059


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

4 17 - Jun 21, 2014 Volume 3 Issue 五月十七日至六月二十一日 / May

Launched in 2012, the Chinese New Home and Condo shopper and investor will have a valuable new resource to help inform and guide them through the newest communities in the Greater Toronto Area.

社區,

Fieldgate Homes在大多巿多個優越 . 興建物超所值,獨具創意的優質屋宇

Pick Up Your Copy Today or call us for a free copy at 416.626.4889! 對風水的影響 限的年輕買家 • 柏文單位面積 簡約而豪華之家居裝飾 • 資金有 4/30/14 3:23:20 PM GTA Chinse Front Cover 05-17-14.indd

2

newcondoguide.com 060 NEW CONDO GUIDE MAY 24 - JUN 7, 2014

APRIL 12 - 26, 2014 NEW CONDO GUIDE 060


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MAY 24 - JUN 7, 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


Condo Living

// by SHLOMO SHARON

Social and Condominium media Corporations

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.

I

t is universal these days that Condominium Corporations host a page on a social media forum. Memberships on Facebook or a blog should be reserved primarily for the owners of the residential units in the condominium. While the purpose of these social media forums should serve as a tool for residents to meet their neighbours and build a strong community, it often becomes a forum to air frustrations with the developer, management, board and with other individual owners. It is not uncommon to read negative comments, referring to any of these groups, which may also give rise to potential defamation and lawsuits against the writer. Living in a condo community

064 new Condo Guide may 24 - jun 7, 2014

comprised of many people who may not share the same point of view can create fiction. It is important to recognize that Condominium Corporations have many real issues that owners are concerned about, which can be related to construction, finances, noise and human relations. Should condo owners deal with these issues on social media pages, and how should they express themselves in order to avoid legal consequences? Should these issues be addressed in a different forum? While membership on such social media pages is meant for the owners, other people like real estate agents and potential buyers have access to it as well. The content of the comments, which is an individual opinion, may not always reflect the actual situation and may be expressed in an abusive way. It may seem to the individuals a right to express their opinion without any consequence; however, this is not the case as it may be cause for the offended party to initiate a defamation and libel lawsuit. While a comment in a newspaper or on television is here today and gone tomorrow, a statement on the Internet is there forever, and it can also be copied and shared indefinitely. It is true that our courts are still in the initial stages of dealing with such cases, and it is a very costly process. The other impact is that once the “dirty laundry” becomes public, it may impact the sale of units in this particular condo. A potential buyer may avoid buying a unit in a condominium corporation where the issues are “public knowledge” and it may affect the price of the unit. On a practical basis, if the board and management do not have access to these social media outlets, how can they be expected to deal with the issue and resolve them? One possible solution to deal with these issues is to create an email address in the name of the corporation. The recipients of this email would be the board and the management company, who will be able to address the issues. It is still reasonable to expect owners to use social media to express their issues and frustrations. This will require the site administrator to develop a code of conduct for the participants which they would be obligated to adhere to. The code of conduct should have a disclaimer that the decisions of the administrator are final. In the event, where a party may feel that a comment that was made about them is of a defamatory nature, the site administrator would be asked to remove the comment from the site in order to avoid him being a party to potential legal action. It is important to understand that social media is not the venue to resolve condominium issues, and comments made may have to be defended in a court of law. This is not something that anyone would like to experience as it may end to be a very costly lesson. While social media creates new social connections, it is important to remember that it is just a virtual connection and face-to-face communication is lost. Social media lacks the element of personal touch, which is vital in condo living.


coming soon to north york city centre

elevate living Sleek design that heightens the senses and lifts the spirit. Beautifully appointed residences with luxe finishes and fantastic views. A glamorous centre-of-it-all location with access to North York Centre Station, chic shopping, entertainment, dining and more. Raise the bar on luxury and style. Beacon. It’s calling you.

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BeaconCONDOS.ca


homebuyers’ help

Choosing a new-home builder and making the right decision You’ve made your decision – You’re ready to buy a house, and you want

to purchase one that’s new. But with literally thousands of builders of all shapes and sizes to choose from, how do you know which new-home builder is right for you? Choosing the right builder can be just as important as choosing your new home. When you purchase a home, you also “buy” the company that will build it for you. Their experience, skills and commitment to customer service will play a key role in determining how satisfied you are with your house and with the home-buying experience. Canada Mortgage and Housing Corp. (CMHC) offers the following tips on how to find and select a new-home builder that will meet your needs and expectations: To begin your search, check the Homes section of your local newspaper to find out which companies are building in your area, the types of homes they offer and the prices you can expect to pay. (Editor’s note: Condo Guide is a great place to start!) Ask friends, family members and coworkers for names of reputable builders they have dealt with. You can also check the Web sites of the Building Industry and Land Development Association (BILD) or Tarion. When you visit a builder, ask how long they have been in business, how many homes or condos they build each year and what kind of background and experience they have. Make sure the builder belongs to an industry organization and has the licences and registrations required for your province. Ask for references, and contact them to find out if they are satisfied with the homes they bought and the service they received. Once you have narrowed down your list, visit the builders’ models. Go through each one in detail, carefully noting down what you like and what you don’t. Take your time, and if you feel you don’t know enough about construction, bring someone with you who does. Read through each builder’s website and other information materials to get a clearer picture of the company and what they have to offer. If possible, request a tour of a work site to look at a home or condo that is currently under construction. If you’re considering buying in a new development, go on a tour of the community or take a close look at the master plans. Ask yourself if this is the type of community where you could see yourself living or raising a family for years to come. Always bring a notebook or even a camera with you. Ask as many questions as you can think of, and write down the answers to review later.

066 new Condo Guide may 24 - jun 7, 2014

After all, you’re choosing the place your family will call “home” for the next five, 10 or perhaps many more years. Take your time, and make sure you make the choice that’s right for you. For more information or a free copy of the About Your House fact sheet, Selecting a New Home Builder, or for information on any other aspect of owning, maintaining or buying a home, visit the Web site at cmhc.ca or call CMHC at 1.800.668.2642. For more than 60 years, CMHC has been Canada’s national housing agency and a source of objective, reliable housing expertise.


MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 067


finances

The psychology of mortgage pre-approval

94 per cent of homebuyers say getting pre-approved reduced stress of looking for a home The report also showed the following for those that had gone through the pre-approval process:

» 59 per cent feel the pre-approval process was stressful » Almost half (48 per cent) were worried they wouldn’t be pre-approved » However, after going through the pre-approval process, more than 87 per cent of respondents said it was simple; and » Three-quarters (79 per cent) said it gave them the freedom to look at homes without having to worry about financing

If you’re a first-time homebuyer, get pre-approved

for a mortgage. This is the central message from a new report from BMO Bank of Montreal. The report shows that for first-time homebuyers that were pre-approved for a mortgage, an overwhelming number of respondents (94 per cent) say they found themselves to be in a much better position to start looking for a home, and had a good sense of what they could afford. The poll also revealed that the majority of Canadians (92 per cent) currently looking to buy their first home plan to get pre-approved. “Seven out of 10 first-time homebuyers say when they walk into a home, they know right away if it’s the right one for them,” says Laura Parsons, mortgage expert, BMO Bank of Montreal. “Being pre-approved for a mortgage and knowing you have a mortgage with a guaranteed interest rate for a certain period of time while you are looking could mean the difference between landing your dream home, and settling for second best.” 068 new Condo Guide may 24 - jun 7, 2014

Knowing you have a mortgage with a guaranteed interest rate for a certain period of time while you are looking could mean the difference between landing your dream home, and settling for second best “We want to provide advice to first-time homebuyers well in advance of their purchase in order to guide them to their potential, reduce outside debt and get used to the costs of owning a home with a down payment savings plan,” says Parsons. “Thinking about the pre-approval process often brings out feelings of stress, often because of a misunderstanding of the process. With the right support and guidance from a financial adviser, stress can be significantly reduced and buyers are free to focus on choosing their perfect home.” BMO offers a number of products and services that can help first-time homebuyers make a responsible homebuying decision. For more information, visit bmo.com


FROM THE DE VELOPER THAT BROUGHT YOU

MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 069


City Scene

// by Brad J. Lamb

Meet Toronto 2014

Brad J. Lamb is president of Lamb Development Corp., one of Canada’s leading condominium development companies, as well as Brad. J. Lamb Realty, Toronto’s top condo real estate brokerage. Over the last 25 years he has successfully led the marketing and sales programs for over 100 condominium projects in Toronto, Ottawa, Montreal and most recently Calgary. Visit torontocondos.com or follow Brad on Facebook, Instagram and Twitter @BradJLamb

T

he remaking of Toronto has not just been new condos on the skyline, rather our condo boom has been the catalyst for so much more. Over the last 10 years we have seen the biggest hotel boom in the history of Toronto. With the Standard Group, Morgan’s Group, W, Kimpton, Gansevoort, and several more hotel companies chomping at the bit to get access to Toronto, we can expect more world-class hotels to break ground in the coming years. The expected surges in work and pleasure related visits to Toronto will continue, further stimulating our local economy. Having said all this, no other city in North America

070 new Condo Guide may 24 - jun 7, 2014

experienced five 5-star hotels completed over a seven-year period. The Four Seasons, Shangri-La, Trump, Ritz-Carlton and Hazelton Hotel are all completed and operating. Toronto is now considered one of North America’s “fun spots” competing for weekend visitors with Los Angeles, New York, Las Vegas, and Miami. It is no longer a Canadian back water, rather a world class city on the world stage with a wealth of entertainment options. We have also recently expanded our universities, colleges, and public buildings with new or expanded facilities. The ROM reborn, an expanded George Brown College, U of T and Ryerson University are just the tip of the iceberg. In addition, we have seen the renovation of the AGO, a new Four Seasons Centre for opera and ballet, a renovated Sony Centre, a new National Ballet school and headquarters, and an upgraded Conservatory of Music. This stuff just doesn’t happen to cities all at once. It is remarkable and more is coming. This is not the doings of a poor city of have-nots. Toronto ranks as the number one city in North America for cities with skyscrapers being built; an incredible 130 in Toronto, versus 91 in New York City, and 17 for Vancouver. This is nothing less than the complete redefining of Toronto. This is similar to the great expansion of Chicago and New


Toronto is now considered one of North America’s “fun spots” competing for weekend visitors with Los Angeles, New York, Las Vegas, and Miami. It is no longer a Canadian back water, rather a world class city on the world stage with a wealth of entertainment options. York City at the turn of the century where big projects were announced on a weekly basis. This is our time. The sheer volume and velocity of money already invested in Toronto makes a 1991-style correction unlikely. We are a much larger and richer city and have the financial ability to weather slowdowns as we did in 2008. There are now eight towers under construction (5.9 million sq. ft.) with 10 future office sites that will add approximately nine million sq. ft. over the next several years. Due to the condo boom, office vacancies are down as retail and office businesses are looking to be within reach of the new

downtown pool of young talent. This symbiotic relationship is giving long-term sustainability to new condominium developments. The current vacancy rate in the downtown core is 4.7 per cent compared to an average of 9.2 per cent over the past 20 years. This is contributing to the boom of new office buildings downtown. Some of the companies to recently expand or relocate to downtown Toronto are: SNC Lavalin, PWC, Telus, Coke, Google, Corus, Deloitte, RBC, salesforce.com, and KPMG, showing confidence in the city’s core despite higher real estate taxes. The allure of living and working downtown is attractive to many young professionals, giving them a higher standard of living and quality of life with increased levels of discretionary spending just by giving up a car. We have seen this time after time with the demand for condominium tower parking coverage decreasing in some cases to less than 30 per cent. Many billions of dollars from the office, public, and residential sectors of the development industry are stimulating the GTA economy, furthering a need for new housing. It is unlikely in this environment of office space expansion, massive residential development, and public building largesse that we will see a protracted, deep reduction in residential prices. Historically speaking, it has never happened. Strap yourselves in for the ride of your life. Toronto is going to continue to evolve in fantastic fashion. may 24 - jun 7, 2014 new Condo Guide 071


Style File

// by evelyn eshun

spring cleaning and a little transformation

W

Evelyn Eshun is a Toronto-based interior designer and principal of Evelyn Eshun Design. She is known for her customdesigned residential projects throughout the GTA that showcase the space and bring out the best in her clients. evelyneshun.com

e’ve all heard of “spring-cleaning” but lets get serious, what’s a good a clean without a little transformation? This spring, don’t just clean and get organized but give your home a new look and freshen up your space all at once. Spring is the perfect time of year to revive your home from the dreaded cold winter, especially the one we just had. Someone once told me that conquering clutter is therapeutic, and while I believe that to be true we like to think that the real benefit of spring cleaning is the clean slate you now get to decorate. I know what you must be thinking and you’re not alone. The thought of organizing seems so overwhelming and maybe even daunting. Just remember, it doesn’t have to be completed in one afternoon. Let yourself start slow and tackle one room at a time. If you’re puzzled and can’t figure out where to start, I would suggest your most used space; be it the closet, the kitchen, the bedroom or maybe it’s the dining room that has somehow become the storage centre. There’s a “one year” rule that I like to implement with my clients. Often, just before starting a design or decorating project my clients begin by discussing how unorganized their home feels and by starting a new project they feel like

The thought of organizing seems so overwhelming and maybe even daunting. Just remember, it doesn’t have to be completed in one afternoon. Let yourself start slow and tackle one room at a time.

continued on page 74… 072 new Condo Guide may 24 - jun 7, 2014


MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 073


Style File

continued…

Did you know that cleaning your closets could actually save you money? Try separating your clothes into seasons if you intend to keep some in storage. they allow themselves the opportunity to re-organize or de-clutter. If something hasn’t been used in the last year, its probably time to find it a new home or possibly the garbage bin. However, you don’t have to remodel your kitchen to obtain a cleaner feeling in your space. No one ever said this has to be an extensive “project.” There are some fantastic storage solutions that fit right into your current kitchen. For instance, Gliding Shelf Solutions is a local company that can retrofit your existing cabinetry and add more storage – more than you ever dreamed. I would recommend taking everything, yes, everything, out of your cabinets and really plan on how you intend to use your space. Imagine how beautiful your countertops will be once you’ve found a home for all those displayed knickknacks. The same rules and principals can apply to your closets. As most of us are tight on storage space, why waste valuable real estate? This type of cleaning may require a purge but trust me, you will thank yourself later. Did you know that cleaning your closets could actually save you money? Try separating your clothes into seasons if you intend to keep some in storage. Otherwise, colour blocking your wardrobe is ideal and it will benefit you to know exactly what you have and maybe what you have too much of. Yet, as I mentioned, the real fun behind springcleaning is the transformation. If it’s small and relatively inexpensive changes you are looking to make then I would suggest looking at fabric. Imagine sprucing up your dark sofa or bedspread with bright pillows that are light in texture and soft to the touch. If you’re handy or a skilled DIYer maybe a crisp room colour will get you in the spirit of a new season. Imagine how renewed your organized kitchen will look with a fresh coat of paint. Embrace the warm weather and let yourself translate the essence of a new season in your home. It may take some work but it will also take the weight of your shoulders to rid yourself of clutter and start fresh.

074 new Condo Guide may 24 - jun 7, 2014


AV E

City living that’s a step up.

RO

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SV AL LE S

PREVIEW OPENING CONTINUES!

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Phase 1 Under Construction

Now Available Phase 2

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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Bloor St W

Du

nd

as

St

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Howard Park

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MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 075


in the news

TRIUMPH AMENITIES ARE A LIFESTYLE IN THE MAKING

Successful Valhalla community’s final phase has the fun, fitness and familyfriendly options you want If you took a moment to picture your ideal day,

what would you see? Would you be surrounded by friends in a gorgeous environment that stimulates the senses and stirs your creativity? Laughing pool side with the kids or daydreaming while a whirlpool washes your cares away? Hosting your whole family, making lasting memories of every special occasion? Or would the simple pleasure of a short, easy commute be enough to make every day better? Whatever your version of an ideal day, Triumph at Valhalla offers a stunning foundation to build it on. If you’re craving a stress-smashing workout, head to the fully equipped fitness centre. If you love to entertain, book one of two gorgeous lounge/party room facilities, both with dining areas and catering kitchens. Atop the podium, an exquisitely landscaped rooftop oasis is the perfect spot for outdoor activities. When the party’s over, invite your visitors to stay in the guest suite, and join you on your balcony for coffee in the morning. Catch the latest Hollywood sensation from the comfort of the on-site movie theatre, surf the day away in the Internet lounge, or suit up and head for the large swimming pool or kids’ splash pool. There’s a children’s playroom too, making Triumph an excellent choice for a city-loving family. You’ll see how special Valhalla is right from the gorgeous front garden, where you can catch the Valhalla Shuttle to the subway, shopping or the airport. The final phase of Edilcan Development’s signature Valhalla community, Triumph at Valhalla offers incredible value from the low $200’s, including parking. You’ll find it all in an established Etobicoke 076 new Condo Guide may 24 - jun 7, 2014

neighbourhood that’s just minutes from Sherway Gardens, the airport, and major highways, with easy access to downtown, all in a lushly landscaped setting. Eighty per cent of all suites are priced at less than $300,000, and Triumph is now open! The undeniable success of the towns and condos of One Valhalla is testament to the superior construction quality and dedication to excellent customer service of Edilcan Development over their 60 plus years building in the GTA. Help envision your perfect day with a visit to the two Bryon Patton-appointed model suites in the presentation centre. Beautifully laid out and furnished with inviting, contemporary style, they’re just the dream-fodder you need to help bring your vision to life. Come see them for yourself at 2 Gibbs Rd., Etobicoke, from noon to 6 p.m. Monday to Thursday, and noon to 5 p.m. Saturdays, Sundays and holidays (closed Friday). Visit TriumphCondos.com or call 416.233.5554 to learn more.


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MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 077


Hot Topic

First-time homebuyers,

// By Anthony Jong

consider your budget & options

I

Anthony Jong is a broker at Re/Max Hallmark Realty Ltd., Brokerage, specializing in homes, condos and commercial properties. Email anthonyjong@live.com, visit online at anthonyjong.ca or call at 416.836.2821

I found Steven a brand new, onebedroom, 585-sq.-ft. condo with a monthly maintenance fee of approximately $0.50 per sq. ft. The unit size was smaller than Steven’s preference, but you would be hard pressed to find a onebedroom condo on the Bloor subway line that was 20 minutes away from the Financial District under this budget. 078 new Condo Guide may 24 - jun 7, 2014

recently worked with a young first-time buyer, Steven, who was tired of renting apartments and wanted to become a homeowner. But, like many Millennials who are establishing themselves in the workforce and saving money to purchase a home, it became a daunting task – especially when prices in the Toronto real estate market have increased drastically in recent years. A budget of $250,000 does not provide much selection in the real estate market, particularly if the buyer is bound by geographic limitations such as proximity to a subway station, or wants to stay in a downtown Toronto neighbourhood. During our first meetings, Steven proposed a few locations that were accessible to the subway, but the general theme was new to newer condos. For just under his budget, I was able to find Steven a brand new, one-bedroom, 585-sq.-ft. condo with a monthly maintenance fee of approximately $0.50 per sq. ft. The unit size was smaller than Steven’s preference, but you would be hard pressed to find a onebedroom condo on the Bloor subway line that was 20 minutes away from the Financial District under this budget. A dilemma sprang up one day when Steven decided he wanted more space. However, more space meant more money and with a fixed budget, we had to explore alternative options. With this in mind, we focused our attention on the suburbs of east Toronto, where the units were not only much larger (averaging over 700 sq. ft. for one bedroom) but the asking price was also 50 per cent less than the aforementioned new condo unit. Steven was very interested in having 100 sq. ft. of additional space and coming in $90,000 below his budget, regardless of the drawbacks which included longer commute times,


having to update the unit over time, and higher maintenance fees in a 30-year-old building. Steven knew he had enough funds for the down payment, but was worried that the monthly mortgage payments between the old and new condo units would be too great a difference. So we eventually sat down and evaluated the numbers. The old condo unit required less down payment, the maintenance fees were $0.70 per sq. ft., but the property taxes and mortgage payments would be lower. The old unit’s monthly cost, excluding utilities, totalled $1,110 per month. On the other hand, the new condo unit required a larger down payment, which Steven was capable of paying. The maintenance fees were only $0.50 per sq. ft. (moderately fair in the first year), although the property taxes plus mortgage payments would be higher. The new unit’s monthly cost, excluding utilities, totalled approximately $1,300 per month. There are various factors that influenced Steven’s decision to purchase the new condo: Monthly fees were one of the biggest factors that came into play, and the $190 difference in costs per month was very minimal for Steven. The amenities in the new building were far superior to those in the old building, and the savings from a gym membership justified this monthly discrepancy. When we factored in the difference of over $200 per month in maintenance fees between the old and the new condo, Steven knew this money could be better used to pay off his mortgage on a new condo than going to the condo corporation for repairs needed to the old building.

When we factored in the difference of over $200 per month in maintenance fees between the old and the new condo, Steven knew this money could be better used to pay off his mortgage on a new condo than going to the condo corporation for repairs needed to the old building. Steven was also very cautious of buying into an older condo. There are plenty of financially sound condo corporations in Toronto and many pride themselves on their maintenance and upkeep of the condominium. However, Steven realized that there was a greater chance that older condos required major repairs and he was not prepared to subsidize the reserve fund and/or be handed a special assessment in the next five to 10 years. Ultimately, Steven decided that a new condo with new fixtures, appliances and finishes in a superior location was the right fit. Even with a tight budget, it is important to consider a variety of options before leaping into the real estate market. may 24 - jun 7, 2014 new Condo Guide 079


people

L.A. Inc.’s David Klugsberg

talks advertising in the digital age // by Tal Klachook

and marketing. Klugsberg says it With the rise of the social and digital era, the traditional methods of was an honour to be recognized real estate advertising have changed. and respected for all his “The biggest change is the transformation to the digital market and the contributions to the industry. online world,” says David Klugsberg, the newly appointed president and chief Last month, Klugsberg left his operating officer at L.A. Inc. – a Toronto-based company specializing in previous position as vice-president branding and marketing, primarily for the real estate development industry. Real estate advertising is niche, Klugsberg explains. The key is to really of client services at L.A. Inc. to take on the role of president and COO of understand the real estate environment – from floor plans to the tiny the company. décor details – in order to better understand the target audience and the “I’m juggling a few more different media opportunities available to you. responsibilities for the company, but “Toronto is a very competitive and active market – in fact, the most still concentrating on client services. competitive market in North America,” Klugsberg says. “The challenge is It hasn’t been overwhelming…yet,” always how to stand out and create that urgency and ‘wow’ factor to get he laughs. “I’m looking forward purchasers on board.” to bringing new opportunities to While social media has allowed marketers to reach more people at a the company while continuing to quicker pace, Klugsberg explains that it can be difficult for advertisers to help our clients successfully reach maintain control of the message they’re trying to convey. “People now their goals.” have the ability to share their input and respond to these messages. It’s not like you’re putting up a sign or an ad where you have full control of the message,” he says. “You just don’t have that same control.” His team at L.A. Inc. works closely with their clients to create a unique strategy that covers all forms of media. “Everything has to work together for a brand to work. From signs to ads to social media – it all has to be consistent to promote the personality of the brand we try to market.” Regardless of the new methods of digital advertising available, Klugsberg praises conventional methods like sales offices, and says they still play a vital role in advertising. “People still want to see, touch and feel As an expert in the field, he says the space that can be their home. It’s not something you just can replace.” there’s always a discussion of “boom But one thing is for sure, consumers these days have more access to or bust in Toronto.” In other words, information at their fingertips than was ever available to them 15 years is the market going to continue? ago. The tsunami of information on the Internet has created more “Toronto has a very strong educated purchasers, Klugsberg notes. market and there’s a reason why Working in the industry for more than two decades, Klugsberg has people want to live downtown. been able to see the real estate industry grow and develop. He was Whether it’s to be closer to work, recently awarded the Riley Brethour Award at the 34th annual Building or local amenities, you can find Industry and Land Development (BILD) Awards. “I was shocked and speechless,” Klugsberg says about hearing his name something in every neighbourhood,” he says. being called. “I was listening to Andy [Brethour] talk about a person who “As long as there are exceptional I didn’t connect to myself until the very end.” products at an attainable price, it The Riley Brethour Award is awarded to individuals who show will continue to thrive.” outstanding and consistent professional achievement in residential sales

Everything has to work together for a brand to work, from signs to ads to social media

080 new Condo Guide may 24 - jun 7, 2014


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MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 081


tarion report

// by howard bogach

it’s not in the Get it in IfAgreement of Purchase writing! and Sale, it’s not covered offered at a discount, or simply as an “extra.” While most homebuyers would see this as a bonus, it can also be extremely frustrating if the builder does not honour the side agreement. And unfortunately, side agreements fall outside Ontario’s new-home warranty program. To protect yourself, remember that if it’s not included in the APS, it’s not covered by Tarion. New-home warranty versus a supplementary warranty or agreement

Howard Bogach is president and CEO of Tarion Warranty Corp. For more information about how Tarion helps new-home buyers, visit tarion.com or find them on Facebook at facebook.com/ TarionWarrantyCorp.

W

hen purchasing a new home or condominium, it isn’t unusual for homebuyers to negotiate a “side agreement” with their builder. By this, I mean, the builder offers something beyond what is in the Agreement of Purchase and Sale (APS), such as an upgrade or something in lieu of another item. A builder can also offer a supplementary warranty that is over and above the statutory warranties. These agreements can be attractive to homebuyers as they may be

To protect yourself, remember that if it’s not included in the APS, it’s not covered by Tarion 082 new Condo Guide may 24 - jun 7, 2014

Tarion warranty protection ensures your new home meets the structural requirements and health and safety standards of the Ontario Building Code. The warranty includes deposit protection or financial loss, delayed closing compensation, and a one-year, two-year and seven-year warranty that provide coverage for specific items and conditions. While your builder provides the warranty, Tarion backstops it by getting involved at the homeowner’s request if your builder does not honour his/her statutory warranty obligations. Your builder may offer services that are above and beyond the new-home warranty, which Tarion does not have authority to get involved with. Over the years, Tarion has seen examples of frustrated homeowners who have approached us for help when either their builder has failed to come through on a side agreement or there is a misunderstanding between parties. It is always disappointing to tell them that Tarion cannot force a builder to honour an arrangement that falls outside of their APS. Examples of side agreements not covered by Tarion:

One of the most common scenarios we see is upgraded electrical components such as wiring for pot lights or pre-wiring for home theatres. Many homeowners negotiate with the builder to wire the home before the drywall has been completed. However, in cases where the upgrades weren’t included in the APS, Tarion wasn’t able to intervene when an issue arose. Over the years, we’ve also received complaints from homeowners who haven’t received items their builders promised, such as finished basements, backyard decks and extended warranties on heating and ventilation systems or foundation waterproofing. My best advice to homeowners is to never accept an upgrade or modification to your new home without having it included in your APS. If you want to add something to your home after your APS is signed, you may be able to have it included in the APS in the form of an amendment. I recommend making these changes with the help of a lawyer to ensure it is done properly. This way, the builder’s agreement will be backed by Tarion and you have somewhere to turn should you need assistance. As always, if you have questions about your warranty, visit tarion.com or find us on Facebook at facebook.com/tarionwarrantycorp.


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MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 083


legally speaking

// by jayson Schwarz

How to work with your lawyer

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

T

he new condominium Agreement of Purchase and Sale (the Offer) is an intimidating document that requires the expertise of an experienced real estate lawyer familiar with condominium deals to review and assist you in protecting yourself and achieving your goals. In this article I will try to show how you should work with your lawyer from the beginning to completion of your condominium purchase. Once you have signed your deal, S.73(1) of the Condominium Act provides that you have 10 days from the latter of the

084 new Condo Guide may 24 - jun 7, 2014

date you receive the disclosure statement or the date you receive an Offer executed by the builder, to rescind the deal. This gives you an opportunity to see your lawyer, get suggestions, changes and explanations, and then within the 10 days, return to the sales office and negotiate for those important items that are usually left open. As a purchaser, a common question that must be answered is, what are you buying? Are you getting the parking space and locker as part of the purchase price and owning them, or are they common elements with an exclusive-use agreement? Your lawyer can answer that for you. Your lawyer will also explain to you that in most Offers, the following are standard: 1M  easurements of space are made from outside the outside walls and half-way through the interior walls, so your condo square footage is not usable area but total area. 2 The builder can substitute materials of equal or better quality. 3 Bulkheads can appear where you least expect them. 4 Layouts can vary. 5 The builder can add units, take away units, or rent units. 6 You may end up with a reverse floor plan. 7 Colours, textures and materials may vary.

Your lawyer will examine the adjustments section of the offer and review each adjustment, and make suggestions as to what parts you should try to delete (like the law society levy and discharge fees) and those charges you need to cap (like levies, development charges, connection charges). Another important thing to remember is that this Offer is different from a freehold home purchase because you have two closings. The first closing is the occupancy closing date – that is, the day you move in. Until the condominium is registered you are paying money to the builder that does not reduce your principal on the mortgage. It is like rent and is a total of the interest on the outstanding balance of the purchase price plus your proportionate condominium common expenses and no, you can’t get around this. The second closing is the day that title is turned over to you. This is the date you


For the occupancy closing, your lawyer will ensure all documents and funds are processed and assist you in a smooth transition to your possession

pay the balance of the purchase price, own your condo, register your mortgage and live happily ever after. It may be anywhere from the same day as occupancy to a year or more later. You need your lawyer to review the Offer and let you know what the real fully extended occupancy date will be. It can vary up to two to three years down the road, and then you need to add the Tarion extension periods. Your lawyer will need to keep an eye out for those tricky clauses that builders’ lawyers sometimes put in allowing for cancellation of the Offer based on the builder’s perception of “economic viability.” Make sure there is a measuring stick for this clause that is fair to both sides. Another important issue relates to your receiving some kind of explanation of what the disclosure documents are and how to read them. Remember that great big pile of documents you received when you signed the deal? The Condominium Act requires that the builder provide you with a number of documents in order that you can learn what is really going on with that new condominium before it is too late. They include the Disclosure Statement, and the documents that go with it: a Budget Statement, a Proposed Declaration, the Proposed By-laws, a Proposed Insurance Trust Agreement, a Proposed Management Agreement, the Proposed Rules and the Proposed Condominium Plans. You need a condominium real estate lawyer to explain how to read and understand these documents. Okay, you go back to the builder with your changes, get the amendments necessary and now you formally retain the lawyer. This means get a contract in writing. This contract called a “retainer” sets out what services the lawyer will provide, how much it will cost and what is included in the fee agreed upon. Now that you have hired your lawyer, don’t forget about him. In other words, he is not a mind reader so when the builder sends you letters (like extending occupancy dates), copy your lawyer immediately. If you have questions about what is going on, send your lawyer an email or a letter. This is better than phoning, as it

allows your lawyer to give you a well-thought-out answer to your question, which you can keep to review at your leisure. One thing you need to remember is that lawyers sell time, not tomatoes. If you ask too many questions or occupy too much time in accordance with that retainer, you will be charged. For the occupancy closing, your lawyer will ensure all documents and funds are processed and assist you in a smooth transition to your possession. On final closing your lawyer will search the title, prepare all necessary documents, issue your title insurance policy, process and register your mortgage and handle all the details necessary for the closing of your deal, giving you ownership of your castle. The work your lawyer does at this time is critical to avoiding problems years down the road when you go to sell your condo. Again, your choice of lawyer is important to ensure that everything is done properly and goes smoothly. Find the right lawyer because, yes, it is complicated, but it doesn’t have to be horrible. A knowledgeable, competent, professional lawyer can make the process interesting, painless and easy. may 24 - jun 7, 2014 new Condo Guide 085


recipe

Chef Mark McEwan certainly

his way around a kitchen. He cooked for Pope John Paul II, has hosted several Food Network programs, opened four successful restaurants, and has a gourmet food store, aptly named McEwan, at The Shops at Don Mills.

knows

With 35-plus years in the culinary industry, McEwan recently wrapped up his fourth season as head judge on Top Chef Canada. Here is Mark’s very own pumpkin ricotta gnocchi recipe – a must-try!

Directions 01 Place the ricotta in an appropriate sized square of cheese cloth containing two layers. Bring all four corners of the cheese cloth together and twist them until the cheese cloth has tightened around the ricotta. Wrap butcher’s twine around the top of the cheese cloth to prevent it from loosening. Be sure to leave some twine to use for hanging. In the fridge, tie the remaining twine to a shelf and allow the ricotta to hang. Place a container under the ricotta to catch any liquid. Repeat this same process to hang the pumpkin puree.

Pumpkin ricotta gnocchi

ingredients

› 500g ricotta, strung overnight › 1 whole egg › 180g pumpkin puree, strung overnight › 2.75 oz. all-purpose flour › ½ tsp ground black pepper › 1 tsp kosher salt

086 new Condo Guide may 24 - jun 7, 2014

02 Combine all the ingredients and mix, being careful not to overwork. Allow the dough to rest for at least a half an hour before you roll it out. Take small amounts of the dough and roll into tubes approximately one inch thick. Be sure to have some flour set aside for rolling, as the dough may stick to the cutting board. Once rolled out, make approximately 1.5in. cuts. Place the cut dough on a baking sheet lined with parchment paper that has been dusted with flour. 03 Place the dough in boiling, salted water, being sure to be delicate so as not to ruin its shape. Do not add too much at a time, as this may cause them to stick to the bottom of the pot. Cook the gnocchi until it is floating. Remove the gnocchi from the water and lay it on a baking sheet that is lined with parchment. Drizzle with a little olive oil to prevent sticking. Cool in the fridge.


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MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 087


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Designer Advice

Off the wall // by Yanic Simard

Tom Haga Concrete Wall No.7

Generally thought of as a playful background to

the home’s interior, wallpaper has been around for many, many years — dating back to the 16th century, and today it is more popular than ever. Wallpaper can inject so much more personality into a space in the form of pattern, texture and colour, which you can’t always get with a paintbrush and roller.

Types of Wallpaper

Wallpaper is available in several different materials, each with its own characteristics. Vinyl The most basic type of wallpaper, easy to clean, hang and remove, and great for moist areas such as bathrooms. Embossed Textured paper which can usually be painted and is excellent for covering up walls with imperfections. Easy to install and easy to clean. Foils Metallic-looking wallpaper that will add brightness and sparkle to any room. Looks best installed on flat 090 new Condo Guide may 24 - jun 7, 2014

walls with no flaws or damage. Can be difficult to hang, though it is fairly easy to clean. Grass cloth Woven out of long strands of grass, this extremely textural wallpaper has an organic quality like no other. Very difficult to hang and tough to remove. Textile Fabric type of wallpaper which can be more difficult to both clean and hang, but adds great texture and depth to a space. Flocks Velvet or velvet-like raised designs on vinyl type paper. It can add great personality and aesthetic to any room however not all types are washable. This paper can be tricky to handle and difficult to hang. Choosing the Right Pattern

If your furnishings and décor are already complete, then you want to select a paper that complements the existing colour and style as well as the size and shape of the room being wallpapered. If there are already other patterns present in the area then be sure to choose a harmonizing


scale. In terms of the room to be wallpapered, keep in mind that horizontal patterns will make a room appear wider, and vertical patterns will make ceilings feel taller. Where to Wallpaper

In the ‘70s, your house wasn’t quite up to par unless you covered every square inch of every wall with wallpaper. Today that’s hardly the case, however if you’re using it in a smaller space such as a powder room, I still say to go for it. One feature wall is usually all you need to make a room pop, like behind the bed in a bedroom. Also, consider wallpapering the ceiling to create high impact and style.

Trove Chroma, 001

Tracy Kendall Sequins

Tracy Kendall Jigsaw


Yanic’s Favourite Wallpaper Lines › Trove available through Industrial Storm (shown pattern Chroma, 001). Visit troveline.com, industrialstorm.com

› Concrete Wall by Tom Haga (shown Concrete Wall No.7). Visit concretewall.no

› Tracy Kendall available through Hollace Cluny (shown Sequins and Jigsaw patterns). Visit tracykendall.com, hollacecluny.ca

Trove Alar

Measuring for Wallpaper

Measure your walls carefully to calculate the amount of paper you’ll need to cover the desired area. Standard rolls measure 11 yards in length, 20.5 inches in width, and wide width rolls are sometimes available which are the same length but measure 27 inches in width. I always recommend adding one extra roll to the amount you require just in case. The experts where you’re buying the material should be able to assist in the calculations to be sure. Once you see what paper can do for your walls, you may instantly reach for the paste rather than a brush the next time you need to freshen up a room. 092 new Condo Guide may 24 - jun 7, 2014

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.


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condo watch

The Harlowe by Lamb Development Corp.

Artistic lofts coming to Queen and Bathurst. One’s, two’s and three’s from $259,900. Register now. Web: TheHarlowe.com

Canary Park Condominiums by Dundee Kilmer Developments

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 Yorkville Plaza II by Camrost Felcorp

A new signature residence is coming soon to Cumberland and Avenue Road. Preview registration now on. Web: CumberlandTower.com

The Upper House Condos by Knightstone Capital

Register now to be the first to preview Leaside’s only boutique condo and townhome community. Coming soon. Web: TheUpperHouseCondos.com

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.

new releases & grand openings Jasmine Condos by Averton Homes

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

Luxurious maintenance-free living coming soon to Sheppard Avenue East and Pharmacy Avenue. Grand opening May 24 and 25. Web: JasmineCondos.ca

The Code Condos by BLVD & Lifetime Developments

Riva del Lago by Monarch

Offering affordable living in Forest Hill, condos starting in the mid-$200’s. Register now. Web: TheCodeCondos.com

Now open – a new boutique condo making waves on Etobicoke’s Humber Bay waterfront. Web: MonarchGroup.net

The College Condominium by Tribute Communities

SQ at Alexandra Park by Tridel

Now previewing. Discover everything College and Spadina has to offer. Web: MyTribute.ca

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

RC3 by Urban Capital

Grand opening continues at this dramatic new condo in this master-planned community at Spadina and Queen. Web: Tridel.com

Triumph at Valhalla by Edilcan

Grand opening continues at Valhalla’s third phase in Etobicoke, where affordable luxury has never looked better. Web: TriumphCondos.com

Howard Park 2 by Triumph Development

Phase 3 of River City delivers “Extreme Architecture” at it finest. Register now for your priority preview. Web: ExtremeArchitecture.ca

Now open and releasing Phase 2 in Roncesvalles Village. Phase 1 is now under construction. Web: HowardPark2.com

Dundas Square Gardens by Easton’s Group

Brownstones at Westown by Lindvest

Downtown Toronto condos coming soon. Register today to be first in line for special incentives, promotions, floor plans and price list. Web: DundaSquareGardens.ca

Discover tremendous value at Weston Road and Sheppard Avenue West. The “Astoria” model suite is open for viewing. Web: Lindvest.com

Beacon Condominium by Sorbara Group

The HUB by Empire Communities

35-storey tower at North York City Centre coming this fall. World-class amenities and shopping, and the 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

New release of townhomes in Eglinton West. Get connected, live life on tomorrow’s fast lane. Web: EmpireTheHub.com

Trio at Atria by Tridel

Grand opening now on at the next great phase of Atria in North York Web: Tridel.com

Harmony Village by City Core Developments

Coming soon to Sumach south of Dundas, the “one” place to be in downtown east. Register today! Web: DanielsOneParkPlace.com

North York’s newest boutique condo is coming soon. Register now to stay informed. Web: DivaCondo.com

Harbour Plaza by Menkes

Now open at Sheppard and Warden. Live in perfect harmony with comfort, convenience and culture. Web: HarmonyVillage.ca

Ten93 by Pemberton Group

Totem Condominium by Worsley Urban Partners

Register now to live at York and Harbour, steps to shopping, dining and entertainment. Condos coming soon. Web: Menkes.com

Now previewing: an eclectic fusion of fashion, art, culture, creativity and style at Queen West and Dovercourt. Web: Ten93QueenWest.com

FWD Condominiums by Concord Adex

The Academy by Lemine & Devron

The latest phase launched in the Concord CityPlace neighbourhood. Register now. Web: CityPlace.ca 094 new Condo Guide may 24 - jun 7, 2014

Graduate to a golden investment. Register now to attend the VIP Preview Event. Web: AcademyCondos.com

Presentation centre and model suite now open! A perfect 100 on walkscore.com, stellar amenities, iconic architecture. Web: TotemCondos.com


GTA Edition May 24 – June 7, 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


in the news

The homes have finally arrived

Spring brings sellers out of hibernation which seemed on the verge of underperforming, turned a corner in the last weeks of the first quarter. According to the Royal LePage House Price Survey, most regions showed healthy year-over-year price growth, with the average price of a home in Canada rising between 2.5 per cent and 5.4 per cent. In the first quarter, standard condominiums posted gains of 2.5 per cent to $252,174. The average price of a two-storey home increased 5.4 per cent to $428,943, while detached bungalows rose 4.4 per cent year-overyear to $380,765. Regionally speaking, Edmonton, Calgary, Winnipeg and Toronto, saw the highest price increases, while parts of Atlantic Canada, with much of its inventory still under snow, posted the lowest gains overall. “It appears that it took only the slightest hint of spring to bring homesellers out of hibernation,” says Phil Soper, president and chief executive of Royal LePage. “We are finally seeing the arrival of housing inventory in seasonally appropriate quantities across the nation. When combined with pent-up demand following a particularly long and harsh winter, the stage is set for a robust 2014 spring market. This is particularly good news for buyers, as the home price spikes we have seen in a number of cities should be alleviated by this additional supply.” The spring market,

We are finally seeing the arrival of housing inventory in seasonally appropriate quantities across the nation. When combined with pent-up demand following a long and harsh winter, the stage is set for a robust 2014 spring market. Canada’s economy continues to strengthen with the Bank of Canada currently projecting GDP growth of 2.5 per cent in 2014. Major financial institutions including RBC and TD Bank posted economic forecasts that were in line with this projection at 2.5 and 2.3 per cent, respectively. On the jobs front, employment matched the late-quarter rally seen in the housing industry, exceeding expectations and bringing the unemployment rate to 6.9 per cent, matching its lowest level in six years. “With a series of supportive economic factors at play, we expect the country’s real estate market to continue the strong showing it posted in the second half of 2013,” says Soper. “As the economy strengthens, the federal government is poised to produce its first balanced budget of the post-recession era. Interest rates should remain supportive of the industry for the balance of the year and improving fortune south of the border has strengthened the U.S. dollar, fueling demand for our relatively more affordable exports.” “Suggestions of an overheated real estate market and bubble continue within the mainstream dialogue, but are becoming less frequent,” concludes Soper. “Of the core housing types, the condominium segment remains the 096 new Condo Guide may 24 - jun 7, 2014

Locally...

House prices in Toronto continued their upswing with low inventory and multiple-offer scenarios driving prices up in desirable neighbourhoods. Standard condos posted an increase of 1.5 per cent to an average price of $364,979. Detached bungalows and twostorey homes saw robust yearover-year price appreciation, rising 4.1 per cent to $589,250 and 6.8 per cent to $716,698, respectively.

most vulnerable to short-term price softness in light of increased inventory, but the situation is limited to only a few cities. The mediumto longer-term prognosis for this housing sector remains very positive.” In December 2013, Royal LePage released a research report addressing fears of market instability resulting from high volumes of condominium projects and a potential blitz of new inventory in Canada’s largest cities. The report found that while the condo market may experience some turbulence in the short term as we see a transition from very high levels of sales activity to slightly lower start volumes, condominium living plays, and will continue to play, an important and well-established role within the housing markets of Canada’s largest cities. That role will continue to grow, resulting in sustained demand and expansion of inventories through new housing production.


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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.

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condo profile

Watermark

Long-awaited, highly anticipated Long Branch condo by Queenscorp

t

he long-awaited, highly anticipated Watermark condo has finally arrived, catching the eye of homebuyers looking to make the move to one of Toronto’s hippest, hottest west-end ‘hoods. This striking seven-storey boutique condominium residence by Queenscorp now graces Lake Shore Boulevard, its signature clock tower peering out over the historic Long Branch neighbourhood. The condominium was registered on March 5 and is now welcoming homebuyers with closings in as early as 30 days. Now is the time to get in on one of Toronto’s last developing waterfront areas – while you still can! Watermark boasts timeless traditional architecture including antique red brick, architectural pre-cast elements and decorative metal details, all blending beautifully with the historic structures that have characterized this area for more than a century. Inside, an elegant hotel-styled lobby welcomes residents and guests with comfortable seating and concierge service. The Watermark Club Room with its spacious lounge, wide-screen television, caterer’s kitchenette and bar allows residents to entertain in style. Just off the Club Room is a large outdoor terrace – a perfect place to escape the confines of city living. The show-stopper of Watermark is the roof-top terrace featuring outstanding views of Lake Ontario and downtown Toronto. For those looking to stay active, a fitness centre complete with cardio and weight-training equipment is available on site, while nature trails and parks are only a short stroll away. The 72 residential suites of Watermark are elegantly appointed, featuring open-concept designs, deep balconies and terraces (as per plan), soaring ceiling heights and luxurious finishes. Quality laminate wood flooring in the living/dining room, kitchen, foyer and hallways offer style 098 new Condo Guide may 24 - jun 7, 2014

Watermark boasts antique red brick, architectural pre-cast elements and decorative metal details, all blending beautifully with the historic structures that have characterized this area for more than a century and durability, while plush carpeting with under-pad in all bedrooms pampers your feet. Aspiring chefs will love the custom kitchen cabinetry with extended-height uppers, offering plenty of storage space. The beautiful granite or engineered quartz countertops complete with stainless steel undermount sink offers an ideal meal prep area. Upgraded stainless steel appliances including fridge, slide-in stove and dishwasher combine style and function in this much-used space, and the high-efficiency frontloading stacked washer and dryer will help to lessen laundry chores. The spa-inspired bathrooms, complete with designer cabinetry and a choice of granite, marble or quartz countertops, provide a luxurious retreat from the hectic world around, and the deep soaker bathtub will help soothe the stresses of the day.


Surrounding Watermark is Long Branch, a community founded as a vacation destination for Toronto’s 19th-century elite. With easy access to the waterfront and convenient connectivity to all parts of the GTA via the nearby Long Branch GO station, TTC streetcar, Hwy. 427 and Gardiner Expressway, it’s easy to see why this area has maintained its reputation as a hidden gem along Toronto’s waterfront. For outdoor enthusiasts, Marie Curtis Park, Len Ford Park, Long Branch Park and Colonel Samuels Smith Park are all within walking distance. When the weather is warm, go sailing at the Lake Shore Yacht Club or play a few rounds of golf at nearby Toronto Golf Club or Lakeview Golf Club. For bookworms, the Long Branch Public Library is across the street while Humber College – Lake Shore Campus is five minutes away. Residents looking to outfit their suite with the latest designer trends can visit nearby Sherway Gardens located just up the street; while the downtown core for work and entertainment is only 15 minutes away. With its enviable location and award-winning design, now is the time to purchase in this landmark community. the Queenscorp Group of Companies

was founded in 1992 and specializes in building niche residential and commercial real estate developments across the southwest GTA. With projects ranging from midrise condo towers to lowrise waterfront enclaves, Queenscorp has built a reputation for quality and innovation as demonstrated in its vibrant award-winning communities. Tour two designer-furnished model suites, as well as six additional unfurnished model suites which include over $40,000 in upgrades. Visit the Watermark presentation centre at 3609 Lake Shore Blvd. W., Suite 104. For more information, please visit queenscorp.com or call 416.354.2221. may 24 - jun 7, 2014 new Condo Guide 099


homebuyers help

moving? when your closing dates don’t line up The short-term rental solution // By Kara Kuryllowicz

sci-fi TV series ended about 18 months ago, actors Ria and James hired an agency to rent their fully furnished home and relocate to Toronto to assess the stage, TV and film opportunities in the Big Smoke. A series of short-term Vancouver tenants let Ria and James take up two furnished Riverdale homes (for 10 and three months), while auditioning, working and home hunting in Toronto. “Renting helped us avoid paying more than we could afford to buy in Toronto and accepting less than our Vancouver home was worth,” says Ria. Meanwhile in Toronto’s trendy Beach neighbourhood, Dave and Jana realized that their When a five-year stint on a Vancouver-based,

closing dates would leave them, their two kids and cat homeless for about five weeks. Finding a pet-friendly, affordable home for four with a mid-month move-in date proved so challenging, they asked Jana’s ex to take the kids for the month and rented a one-bedroom condo in the Financial District. They paid a $500-cash deposit and planned to pay the balance when picking up the keys the next day. When they didn’t get the keys or their $500 back, they scrambled to find alternative accommodation and filed a police report. Adrenalin-fueled consumers tend to make the deal, then ask themselves: “Now what?!” While friends’ and family homes, a vacation home or an extended holiday may be an option, most homeowners need to rent when their closing dates don’t match up or when extensive renovations will keep them out of their house for some time. Whether you do it yourself or rely on an established, reputable agency, such as Vancouver’s Unique Accommodations and Toronto’s Marco Enterprises, to rent your home or find interim housing, short- and long-term accommodation can give you the flexibility and peace of mind you need. The agency will screen and run a credit check on prospective tenants, and run title searches to be sure they’re dealing with the rightful owner. In most cases, the agency will also coordinate repairs and maintenance. A reputable rental agent has established relationships and parameters with homeowners, and has a pre-screened inventory at hand. An agent is continued on page 102…

100 new Condo Guide may 24 - jun 7, 2014


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homebuyers help

continued…

also familiar with local zoning, for instance in Vancouver, bylaws dictate that the minimum residential rental is 30 days and some cities limit the number of vehicles or pets per household. While most couples and families want to rent close to work and/or school, others choose to explore a new neighbourhood and lifestyle before making the move into their home. “Be realistic about what you really need and can afford,” says Nina Ferentinos, president and managing broker, Unique Accommodations. “You can’t squeeze two adults, two kids, the nanny, a dog and a cat into a two-bedroom.” If you’re moving into a new neighbourhood or a new city, your agent may need to educate you about that market. For instance, Unique Accommodations knows that a four- or fivebedroom home in West Vancouver commands $5,000 but clients from Alberta, Saskatchewan, Manitoba and the American mid-west often expect to pay just $2,500 monthly. Renters generally assume they pay the agency’s typical 10-per-cent commission fee, but in fact, the homeowner covers that cost which is included in the rent. Whether you’re the landlord or tenant, these tips will facilitate the process: Ask for what you want and be prepared to negotiate.

Ria paid $1,000 less than asking for a three-bedroom Riverdale home because the owner had already moved to the cottage and her previous two deals had fallen through due to the renters’ cat allergies. In return, the childless homeowner asked the couple to bring their own child-sized bed and let them move dining room chairs to the basement to create a play area. She also agreed to remove all breakables and reposition a stone rhinoceros whose horn could have seriously injured the toddlers. Set expectations

Most short-term rentals include all utilities (cable, local phone calls, high-speed Internet, utilities, laundry, parking) as well as sheets and towels. Some owners include weekly or bi-weekly cleaning and gardening to ensure the home is well-maintained, but Unique Accommodations’ sales manager Chad Kalyn notes that such services and pet allowance may be negotiable. Some agents and tenants expect homeowners to remove all clothing, hygiene products (shampoos, conditioners, etc.) and foodstuff (coffee, tea, spices, cooking oils, vinegars etc.). “One tenant appreciated the foodstuff we left in the kitchen, but 102 new Condo Guide may 24 - jun 7, 2014

the next one was furious,” says Ria, who had assumed the incoming tenants would appreciate not having to stock the kitchen from scratch. Likewise, the children’s toys left by one owner were perfect for Ria and James’ toddlers but Dave and Jana asked that the baby products in their rental be stored. “Be open and considerate, and the process will work better for everyone,” Ria says. Be proactive

Start looking as soon as you know you need to rent your home or require temporary accommodation. “We’re here to help manage your crisis but the more lead-time you give us the better,” says Deborah Zwicker, co-owner of Marco. Be creative and flexible

If the pets, the kids, parking spaces or dates are an issue, seek solutions, says Marlee Novak, co-owner of Marco. Can you park the second vehicle or leave the pet with friends or family members? Can you stay with friends, family or check into a hotel for a few days to make the rental dates work? An owner may prefer to keep the home pet- or child-free, but may be willing to make an exception. Be prepared

Recognize that although everything may work perfectly when the keys are handed over, appliances and the home can be as unpredictable as life itself. “In four months, I rented to two tenants during which time, the dryer, the microwave and the phone all quit and I wished I’d used an agent to manage the tenants and repairs,” says one Toronto homeowner, who also had to have the door to the basement repaired that summer. Be fair but set boundaries as required. When the 20-something, ex-pat couple that rented Daniel’s semi fought bitterly and regularly between 4 and 5 a.m., he finally told them that he’d suggested the neighbours call the police if necessary. It worked! S  tore it As Ria and James, Dave and Jana quickly discovered, holding the bulk of their worldly possessions in a rented storage space proved more cost-effective than paying for two or more full moves.


GRAND OPENING MAY 24 & 25

S H E P PA R D AV E . E A S T & P H A R M AC Y D ES N A TIV R G EN L IA INC C E SP ING N PE

O

LUXURY CONDOMINIUM RESIDENCES. IN THE CENTRE OF THE CITY. Suites beautifully appointed in feature and finish. Abundant amenities including fitness room, lounge, party room, outdoor terrace and more. A location close to transit, shopping, parks and recreation. SUITES STARTING FROM THE MID

$200’s

DON’T MISS OUT!

JasmineCondos.ca

SHEPPARD AVE. EAST & PHARMACY SITE

Presentation Centre

401

Warden Ave.

Pharmacy Ave.

404

Sheppard Ave. E.

N

JASMINE CONDOMINIUMS PRESENTATION CENTRE 3195 Sheppard Avenue East, Scarborough, Ontario T: 416.702.1234 • F: 416.740.5220 Hours: Mon. - Thurs. 1pm - 8pm, Closed Fri., Sat., Sun. & Hol. 11am - 6pm Prices and specifications are subject to change without notice. E. & O.E. Rendering’s are artist’s concept. Cooperating Brokers Protected.


condo profile

Grand opening May 24 & 25 at

Jasmine Condominiums at Sheppard Ave. East and Pharmacy Sophisticated Living

The new 14-storey glass tower’s architecture effortlessly blends form and function, with interiors fine-tuned to the needs of Toronto’s urban residents. Located a short walk from the proposed Sheppard subway/LRT extension, Jasmine is in the heart of an established and vibrant neighbourhood, minutes from major highways, shopping, restaurants, schools and parks. “At Jasmine, we’re offering an array of unique suite designs,” says Roberta Battistella, sales and marketing manager at Averton Homes. “They’re urban, sophisticated… with Europeanstyle kitchens, ample windows, and spacious, comfortable living areas where residents will be proud to welcome their friends and family.” Building Amenities

a

verton Homes is looking forward to the launch of Jasmine, the builder’s newest luxury condominium development at Sheppard Avenue East and Pharmacy Avenue. The presentation centre for the project will be opening its doors for the first time on May 24 and 25 at the grand opening event, attracting a crowd of people eager to get a look at the plans for this exciting new condo address. Centrally located at the intersection of Sheppard Avenue East and Pharmacy Avenue, Jasmine will offer more than just a condominium but also a thoroughly modern and maintenance-free lifestyle.

104 new Condo Guide may 24 - jun 7, 2014

Jasmine’s boutique-style lobby will immediately set the tone for the building, with finishing details that reflect both its elegance and excellence, including a striking feature wall set behind the concierge desk and a gas fireplace extending a warm welcome to your guests. The building offers a full suite of common area amenities to complement your lifestyle. Residents will enjoy a luxurious private lounge and bar area ideal for entertaining; a spacious party/multi-purpose room;


a fully equipped fitness and exercise room; and a library/reading room with direct access to the residences’ outdoor amenity space. This space has been dubbed Greenview Terrace, and it’s a green and meticulously landscaped rooftop terrace with a comfortable lounge and conversation areas, along with barbecue stations for your alfresco dining pleasure – all offering breathtaking views of the city that surrounds you.

With its proximity to the TTC and Hwys. 401, 404 and 407, all points downtown and uptown are also easily accessible. Stroll through beautiful nearby parks or do your shopping at nearby Fairview Mall. Luxury Features Throughout

Averton’s commitment to quality design and construction will be evident in every detail of your new home at Jasmine Condominiums, with a range of features and finishes tailored to the way you want to live. With prices starting from the mid-$200’s, the selection of innovative suite designs feature up to nine-ft. ceilings on the lower floors, and up to 10 ft. on the upper and lower penthouse levels of floors 16 and 17. Contemporary European-inspired kitchens feature easy-maintenance cabinetry, granite countertops and ceramic backsplashes, as well as a complete stainless steel appliance package. Bathrooms are equally wellSuperb Location appointed, with five-ft. soaker tubs. Jasmine is tucked neatly away in The principal rooms feature beautiful laminate flooring while imported the heart of uptown Toronto. In ceramic tiles can be found in the foyer, bathrooms and laundry to make keeping with its integrated business, upkeep easy. And many suites offer fabulous balconies where you can soak leisure and lifestyle concept, the up the sun or watch the stars come out at night. condominium is strategically situated near the future Victoria To attend the grand opening of the Jasmine presentation centre at 3195 Sheppard Ave. E., register at JasmineCondos.ca or call Park Station of the Sheppard 416.702.1234. subway/LRT extension.

105


purchasing points

Pre-delivery inspection

is an important step in your purchase There is a critical first step

all new-home buyers in Ontario must take when their new home is ready for occupancy, known as the Pre-Delivery Inspection (PDI). More than a tour, the PDI represents the first opportunity for buyers to view their home in its completed state and thoroughly assess its condition. All builders of new homes and condominiums in Ontario are required by Tarion Warranty Corp. to conduct a PDI with their customers prior to a home’s date of possession. Tarion is a private corporation that protects homebuyers according to the terms of the Ontario New Home Warranties Plan Act, which requires that builders provide warranty coverage on every new home built in the province. “The PDI is an important starting-off point in the new-home warranty process,” according to Carol Metcalfe, director of claims at Tarion. “Most builders are committed to constructing a quality product, but today’s new homes are large and complex, made up of many different systems and components. The PDI therefore provides homeowners with a prime opportunity for assessing a home’s overall workmanship and features.” 106 new Condo Guide may 24 - jun 7, 2014

The PDI takes place when your new home is ready for occupancy, making it the first opportunity to view your completed home and assess its condition before you take possession. During the PDI, you or your designate (an individual you select to attend) will be given the opportunity to examine the home with your builder or your builder’s representative present. The objective of this inspection is to make a written record of all items that are incomplete, damaged, missing, inaccessible or not operating properly. It is the builder’s responsibility to explain how the various systems in your home work – including the heating, electrical, plumbing and air conditioning – thus making the PDI a good opportunity for your builder to go through them with you. It is very important that you understand how to operate your home’s systems because not using them properly can affect your warranty coverage. During the PDI, homeowners should carefully examine the home both inside and out. While inside, they should look for things like chips in porcelain sinks or scratches on countertops, damage to floors or walls, and doors and windows that are not secure or do not open and close properly. Outside, they should check things like the quality of brickwork and siding, whether window screens have been installed, and the appearance of the driveway and landscaping. Additional information on the PDI, including a complete list of things to look for during the inspection, can be found in Getting Ready for the Pre-Delivery Inspection, a brochure produced by Tarion. Copies can be obtained by calling 1.877.9TARION or downloaded from the Tarion website at tarion.com


THE REAL ESTATE OPPORTUNITY OF THE YEAR

In a Class of Its Own UNIVERSITY OF TORONTO Scarborough Campus

TORONTO PAN AM SPORTS CENTRE

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M gg sisi dd Moorn eeAve. rninin

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AcademyCondos.com *Percentage of price point presented is based on RealNet Canada data on the GTA area. Rent assumption is based on a managed leaseback opportunity. Prices and info correct at press time. Illustration is Artist’s concept only. E.&O.E. Brokers are welcome.

Exclusive Broker


2014 SHOPPING GUIDE

2014 ISSUE NOW AVAILABLE!

sHoppIng Curating a selection of the GTA’s top home & decor shops and services

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LOVE TO SHOP? Our 2014 shopping guide profiles some of the GTA’s top home and décor shops and services. 108 NEW CONDO GUIDE MAY 24 - JUN 7, 2014


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Condominiums from the mid $200,000’s • Outside access to the Mimico GO Station from the lobby • Save thousands of $$$$$ • A Mike Holmes Approved condominium

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Broker Protected. Illustration is artist concept. Prices, sizes and specifications are subject to change without notice. E.& & O.E.

Meet Special Guest Mike Holmes Saturday, May 31st from 2 –3pm Mike Holmes & Stanton Renaissance Team Up To Make It Right® Mike Holmes and Stanton Renaissance have forged a unique partnership based on 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! To learn more, visit stantonrenaissance.com. MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 109


condo profile

“Imagine” the possibilities

o

12 reasons why buying at Imagine Condos makes so much sense: 12 You can own a one-bedroom suite from an amazingly

low $755 a month*

11 You can own a condo minutes from downtown,

at prices that are 30 to 50 per cent lower.

10 Low maintenance fees are only 37 cents a sq. ft. 9 A parking spot and locker comes with each suite.** 8 Kennedy and Warden subways are within minutes,

walk to Scarborough GO.

7 You have easy access to the 401 or Kingston Road. 6 The world-famous Bluffs with beach and marina

are minutes away.

5 Great shopping and restaurants are close by. 4 Stunning suites offer four stainless appliances and

generous balconies.

3 Chic amenities include a fitness room, party lounge

and rooftop terrace.

2 Live in an intimate four-storey boutique condominium. 1 Move in by 2016! *Payment reflects principal and interest on five-year fixed rate of 3.09 per cent based on 17.5 per cent down over 25 years. Rate could change at any time. **Most suites include a parking spot.

110 new Condo Guide may 24 - jun 7, 2014

ne of the city’s most successful condos is starting construction this summer. Imagine discovering a condo that gives you downtown sophistication at a price you can live with at one of the best transit hubs in the city. It’s no wonder that Imagine Condos by urban developer insoho is winning rave reviews from purchasers. It’s simply one of the best values in Toronto. And right now is the very best time to buy, before the shovels hit the ground this summer. “A condominium with this level of design excellence that offers such incredible value is a rare find,” says Ron Herczeg, insoho president. “The Kennedy and St. Clair East neighbourhood is a transit hub which makes living at Imagine a very smart decision.” Inspired by European midrise architecture, Imagine Condos is intimate, with only four storeys, in keeping with the surrounding residential neighbourhood. The design, featuring dark Ontario brick with architectural panels, makes a striking statement. Generously sized terraces and balconies add to the sleek building exterior while offering residents a chance to enjoy spacious outdoor living. A team of design professionals working with insoho has collaborated to create a coveted condo living experience, featuring a rooftop terrace with barbecues and tree-topped views, a party lounge


One of the city’s most successful condos is starting construction this summer

estimated at only 37 cents per sq. ft. Almost all of the suites include an indoor parking space and a locker, and there’s indoor bicycle parking too. Construction is slated for summer of 2014. Occupancy will be in 2016. The sales presentation centre is located at Kennedy and St. Clair East. Hours are Monday to Thursday, noon to 6 p.m.; weekends and holidays from 10:30 a.m. to 5:30 p.m.; closed Friday. Visit today to take advantage of pre-construction pricing. For more information, visit online at imaginecondos.com or call 416.367.7303.

equipped with a fireplace and kitchenette, a fitness centre and a serenely contemporary lobby. The suite designs are simply stunning. Purchasers have a choice of one-, two- and three-bedroom plans, some with dens and powder rooms. Everything’s been designed, from the nine-ft. ceilings to the open-concept living, dining and kitchen areas, so that space flows and natural light washes over it all. Master bedrooms come with private ensuites and many have walk-in closets. Bistro kitchens come with four stainless steel appliances. Every living space, except bathrooms and laundry, features laminate flooring. Central air and heating are individually controlled. Sizes range from 482 to 962 sq. ft., priced from $187,900 to the low $300’s. Maintenance fees are may 24 - jun 7, 2014 new Condo Guide 111


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

# Builder 2 Great Gulf 2 Concord Adex 6 Cresford Development Corp. 7 The Daniels Corporation 8 Cresford Development Corp. 10 Empire Communities 18 Monarch Corporation 18 Urban Capital 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 99 Great Gulf 110 Great Gulf 124 Pinnacle International 126 Great Gulf 131 Lanterra Developments 140 Eden Shaw 140 45 Charles Ltd. 149 Camrost - Felcorp 150 Aspen Ridge Homes 171 Camrost - Felcorp 190 Cresford Development Corp. 192 MintoUrban Communities Inc. 199 Fieldgate Homes 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 3 Concord Adex 4 Gairloch Investments 4 Centrestone Urban Developments Inc. 5 Onni Group of Companies 5 Onni Group of Companies 5 Concord Adex 7 The Daniels Corporation 8 Cresford Development Corp. 8 Cresford Development Corp. 9 Aspen Ridge Homes 11 Menkes Developments Inc. 11 Menkes Developments Inc. 12 North Drive Investment 13 Streetcar Development 14 Canalfa Group 15 Tridel Corporation *TH: Townhomes, C: Condo

Site Telephone TH* C* Price Range Page Finder Yonge+Richmond 416-499-8883 • from $280,000 23 16K FWD at Concord CityPlace 416-813-0999 • • 44-45 13F Merton Yonge Condominiums 416-484-1900 • from $350,000 144 & IBC 14e High Park Condominiums 416-351-1844 • from $300,000 41 8L NXT at Windermere By the Lake 416-977-5300 • • from $350,000 IBC 8N The HUB 416-784-3482 • from $250,000 7 9F Riva del Lago 416-495-3544 • from $300,000 Insert 24c RC3 416-862-0505 • • from $220,000 47 18L 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 & 19 15I One Park Place South Tower 416-955-0559 • from $200,000 15 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 $320,000 67 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 87 17k The Code thecodecondos.com • from $320,000 27 13H Garrison Point garrisonpoint.ca • from $250,000 73 13N Howard Park 2 416-873-0989 • 75 9L The Upper House Condos in Leaside 416-425-1800 from $350,000 53 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 14 5L Chaz Yorkville Condos 416-922-0045 • from $300,000 29 16J Chaz Yorkville Condos 416-922-0045 • from $200,000 29 16J Imperial Plaza 416-925-2501 • from $986,000 3 15I Studio on Richmond 647-352-7736 • from $300,000 43 15M Yorkville Plaza II 416-966-3003 • • from $350,000 1 14H 1000 Bay 416-485-3000 • from $390,000 IBC 15J 30 Roe 416-915-3812 • from $350,000 83 14D 90 Niagara 416-981-0036 from $363,000 61 14O Canary District Condominiums 416-603-7576 • from $250,000 57 18L Smart House 416-292-0219 • from $230,000 59 15L Smart House 416-292-0219 • from $230,000 59 15L The Harlowe 416-363-1771 • from $260,000 69 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 Quartz at Concord CityPlace 416-813-2999 • • 15M Spectra at Concord CityPlace 416-813-0999 • • 15N Grand Parade 2 at Concord CityPlace 416-813-0999 • 15M Parade TWO Park Collection at Concord CityPlace 416-813-0999 • from $308,000 15M 383 Sorauren 383sorauren.com from $265,000 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 Newton at Concord CityPlace 416-813-0999 • 12F 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 The High Park 416-670-3699 • from $300,000 8L Trinity Lofts 416-690-2988 • from $330,000 19l Liberty Place 416-537-0047 • • from $170,000 12N 101 Erskine 416-480-0700 • from $286,000 14D

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

Site

*TH: Townhomes, C: Condo

Telephone

TH* C*

Price Range

Page

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 2221 Yonge 647-350-2221 • from $320,000 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 12 Degrees 416-408-1200 • 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 The Bond Condominiums 416-546-7525 • • 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 • • from $290,000 Model Suite of the Month • Neon 416-987-7878 • from $470,000 The Carlaw 416-690-8588 • from $200,000 Allure Condominiums 416-487-7600 • from $350,000 Cinema Tower Condominiums 416-203-2020 • from $450,000 FAD Condos 416-815-1818 • from $250,000 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 • E Condos 416-243-8688 • from $300,000 E Condos 416-243-8688 • from $300,000 E Condos 416-243-8688 • from $300,000 The Massey Tower 416-966-0197 • • from $320,000 109OZ 416-531-4844 • from $300,000 The Sterling 416-777-2533 • • from $230,000 Canary 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 14D 11H 18L 18L 23H 14M 14E 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 15L 14D 15M 17M 17M 17M 15L 15L 15L 23J 15G 15G 17L 4H 14L M12 14H 14I 15M 15J 15J 12H 12H 14D 19K 14F 14M 14M 13I 16M 16M 12M 15M 16L 16L 24G 14E 14E 14E 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

#

16 Freed 17 Rockport Group 18 Urban Capital 18 Urban Capital 19 KIngstone Road Development 20 Menkes Developments Inc. 20 Tower Hill Development Corporation 21 Easton’s Group 21 Remington Group 21 Easton’s Group 21 Remington Group 22 Tridel Corporation 24 Greenpark Homes 25 Tridel Corporation 26 Bazis Inc. 29 Pinnacle International 30 Tower Hill Development Corporation 32 Madison Homes 33 Lamb Development Corp. 34 Centre Court Development 36 Neudorfer Corporation 46 Conservatory Group 51 Tridel Corporation 54 Times Developments Inc. 55 MintoUrban Communities Inc. 55 MintoUrban Communities Inc. 57 Lanterra Developments 59 Lindvest 60 Canalfa Group 62 Pemberton Group 64 Lamb Development Corp. 66 E-Park Development 66 Emsatec Canada Inc 66 Neudorfer Corporation 70 Madison Homes 70 State Building Group 78 Empire Communities 81 Lamb Development Corp. 83 Tridel Corporation 85 Harhay Developments 85 Carttera 88 Fernbrook Homes/Cityzen Dev. 94 DHD Developments 101 Lamb Development Corp. 101 Harhay Developments 102 Plaza 103 Menkes Developments Inc. 103 Lifetime Developments 104 Aspen Ridge Homes 106 Context Development Inc. 106 Context Development Inc. 109 The Brownstone Group of Companies 109 The Brownstone Group of Companies 114 Plaza 117 Bazis Inc. 117 Metropia 117 Plaza 118 Pemberton Group 120 The Daniels Corporation 120 The Daniels Corporation 122 The Daniels Corporation 126 Lifetime Developments 128 Lifetime Developments 129 Concert Properties 130 Triangle West Development 131 Tridel Corporation 131 Tridel Corporation 133 Tribute Communities 134 Tribute Communities 135 Graywood Developments 135 Mod Developments Inc. 136 Canderel/Stoneridge 137 Alterra Homes/Finer Space 141 BSaR Ltd 142 Andrin Homes 148 Graywood/Beaverhall Development 151 Cityzen 151 Fernbrook Homes 151 Fernbrook Homes 153 Urban Capital 153 Malibu Investments Inc. 153 Alit Developments 154 Tre Memovia Developments 155 Lifetime Developments 155 Lifetime Developments 157 Castlepoint/Cityzen/Fernbrook 162 Pianosi Developments 165 Sorbara Group 170 Streetcar Development 171 Camrost - Felcorp 173 Mizrahi | Khalili Developments 175 Sorbara Group 179 Graywood Developments 179 Mod Developments Inc. 184 Reserve Properties 184 Reserve Properties 185 Pemberton Group 186 Streetcar Development 188 Greenpark Homes 189 The Daniels Corporation 191 Tri-Win Developments Inc 193 Burnac Corporation 195 Lifetime Developments 195 Centre Court Development 197 Streetcar Development 198 Menkes Developments Inc. 200 Freed 200 Carttera 201 Solotex 202 Bazis Inc. 202 Rio Can 202 Metropia 206 Mod Developments Inc. 207 Reserve Properties 210 Castlepoint/Numa 215 Dundee Kilmer Developments 217 Torbel Group 217 Pemberton Group 217 Baywood Homes 219 TAS DesignBuild 220 Lamb Development Corp. 221 Lamb Development Corp. Freed Mansouri Living Menkes Developments Inc.

113


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9 14 96 121 123 1 2 3 3 4 4 5 5 6 6 6 6 7 8 15 21 28 33 37 40 50 50 86 94 95 96 96 99 101 122 122 122 124 125 128 128 130 132

Sorbara Group Torbel Group ELAD Canada Liberty Development Corp. Brandy Lane Homes Concord Adex Torbel Group YYZed Project management Tiffany Park Homes Tridel Corporation Tridel Corporation Lindvest Lindvest Concord Adex Concord Adex Concord Adex Concord Adex Fram Building Group 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 The Brown Group of Companies Kantium Development Lanterra Developments Lanterra Developments Lanterra Developments Tridel Corporation Fram Building Group The Daniels Corporation The Daniels Corporation Tribute Communities Fram Building Group/Cadillac Fairview

*TH: Townhomes, C: Condo

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TH* C*

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Beacon beaconcondos.ca • 65 Diva Condo DivaCondo.com from $225,000 101 Emerald City Condominiums 416-492-0001 • from $256,000 81 World on Yonge 905-771-7010 • from $284,000 35 The Station 416-398-9777 • from $420,000 51 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 SOUL mysoulcondos.ca from $200,000 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 • 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 NY2 416-221-3939 from $250,000 Canterbury 647-352-2130 • • from $700,000 Flaire Condos 416-445-8868 • from $320,000

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

Finder 17C 11C 24C A18 12D 22C 17C 8E 23G 18D 18D 4C 4C 22C 22C 22C 22C 25C 17C 20E 22e 25D 17B 13C 17C 18c 18c 16K 18l 23G 24C 24C 21 16A 12F 12F 12F 24C 22F 19C 19C 19F 22F

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554


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Builder Stanton Renaissance Devron Developments Lemine Investment Group Great Gulf Averton Homes Queenscorp Residences City Core Edilcan Development Corp. 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 National Homes 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 VHL Developments Ltd. VHL Developments Ltd. Royale Grand Woodbine Developments MintoUrban Communities Inc. First Avenue Properties Lash Group of Companies

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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 $250,000 109 23C The Academy academycondos.com • from $189,000 107 10D The Academy academycondos.com • from $189,000 107 10D One Sherway Condominiums 416-695-3535 • from $220,000 22 16G Jasmine Condominiums 416-702-1234 • from $250,000 103 2C Watermark 416-354-2221 • from $307,000 97 19D Harmony Village Sheppard 416-493-0123 from $176,000 89 2C Triumph at Valhalla 416-233-5554 • from $199,000 77 21F 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 Richview 416-746-1234 • from $570,000 22E 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 2150 Condos 416-750-2150 • 3E Haven On The Bluffs 416-2611-9555 • from $160,000 3E Lexington 416-638-8444 • from $240,000 21C South Shore 416-913-2136 • from $350,000 22H Qube Condos 647-351-7823 • from $200,000 24G Me Condos 416-430-0003 • from $150,000 8D

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

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

115


2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

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

#

Builder

2

Concord Adex

FWD at Concord CityPlace

Site

416-813-0999

• •

8

Cresford Development Corp.

NXT at Windermere By The Lake

416-977-5300

Monde

waterfrontmaps: Toronto

58 GREAT GULF

116

Telephone

TH* C*

Price Range

Page

Finder

13F

• • from $300,000

IBC

11f

416-466-8885

• • from $304,000

22

17M

• • from $250,000

3F

12F

1

Pemberton Group

Park Lake Residences

416-769-4343

5

Concord Adex

Newton at Concord CityPlace

416-813-0999

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

• •

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.

14F

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

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Scug

Manvers

Page

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Dr

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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

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n

Bayly St E Georgina Island 33 caygeo Bob

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ew

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Manning Rd

Town of Whitby

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McQuay

Townline Rd

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1

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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

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Salem Rd

Up pe rM idd le

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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

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Alliston,

Watermark Adjala 9

Fifth Conces 12 11 9

Magill Dr

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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

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Sandy Beach

nt

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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

#

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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

nR Devo

Ke rr St

d

1

400

Brock Rd

Midland d

W QE

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7 Concession

w th ra Rd

4 Concession Dr Ford

Dixie Rd

Altona Rd

25

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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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Georgian Bay

Br gont e

3 40

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4

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9

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117


condo watch

previews & registrations Centro Square by Liberty Development

Now previewing, Phase 2 in this master-planned community in the heart of Woodbridge. Web: CentroSquare.ca

Daniels Erin Mills by The Daniels Corp.

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

New landmark community coming this fall to Erin Mills and Eglinton. Register to stay informed. Web: DanielsErinMills.com

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

Grand Palace Condominiums by Guizzetti Corp.

Luxury living at affordable prices is coming to Richmond Hill. Register now for Tower C. Web: GrandPalace.ca

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

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

118 new Condo Guide may 24 - jun 7, 2014

new releases & grand openings 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


GTA Edition May 24 - June 7, 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


make your move

// by Chuck Resnick

sort, downsize & organize now

for a stress-free summer move

S

pring is the season of new beginnings. But it can be hard to appreciate it if you’re stuck indoors trying to sift through the accumulation of winter clutter. Fortunately there are some easy techniques to help you get a jumpstart on spring cleaning. The following steps will help get your home organized and allow you to enjoy the new season, clutter-free:

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

› Start by sorting and organizing closets. If there

is limited closet space, consider storing winter clothing in the attic, basement or garage. Wardrobe boxes offer excellent space for hanging coats, sweaters and snow pants.

› Sort out items no longer used or worn. If it hasn’t been

worn in more than a year, then it probably won’t be again. Set aside a couple of empty boxes for donations or items to sell.

› Use sturdy boxes with dividers for packing breakables. Make sure

cardboard boxes are structurally sound. Dish-pack boxes with adjustable inserts that form individual cells are a great option for fragile items.

› Think Green. Survey local

recycling options to find the most convenient solution for recyclables. Organize recyclables by category: plastic, glass, aluminum, paper, cardboard, etc.

› Care for hazardous materials. Be conscientious

about the materials being disposed. Toxic items such as paint, batteries, house cleaning products, automobile oils, pesticides, and fertilizers are dangerous to transport and should not be thrown away with nontoxic garbage. These items should be taken to specialized depots.

› Concentrate on disinfecting spaces. Change

air filters, rotate mattresses and vacuum under furniture.

Sort out items no longer used or worn. If it hasn’t been worn in more than a year, then it probably won’t be again. Set aside a couple of empty boxes for donations or items to sell. 120 new Condo Guide may 24 - jun 7, 2014


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.


Coming This June

It's A Main Street

BILD 2014 P2G COMMUNITY OF THE YEAR BILD 2012 HOME BUILDER OF THE YEAR CHBA 2011 GRAND SAM AWARD WINNER


State Of Mind

To Downtown, Stouffville

Pace on Main is more P

STOUFFVILLE

tthan just an address, iit’s life in the heart of Downtown Stouffville. It’s an intimate collection 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-akind boutiques. Nearby

REGISTER FOR

FIRST CHOICE PREVIEW geraniumhomes.com Boutique Condominium Residences from 650 to 1,133 Sq. Ft.

is Memorial Park and its adjoining trail system; and fitness and cultural activities at the Lebovic Centre

299,900

$

from

BLAKE ST

9TH LINE

Pace on Main… Life At Your Own Pace

LLOYD ST

MAIN ST

Station access is just steps away. S

OBRIEN AVE

easily accessible to the north, and GO Train

FREEL LN

and 19 On The Park. Cottage Country is

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.


money matters

// by gail vaz-oxlade

owning versus renting

T

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

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

Did you see that? Did you? The issue has shifted from “shelter” to “profit.” That’s because people believe that a home is a good investment. While the money is a key consideration – and it’s a pretty complex one – it shouldn’t be the only consideration. That being said, if you’re going to make the decision to move from renting to buying, you have to look at the dollars and cents. First there’s the straight calculation that compares the cost of carrying your own home (your principal and interest payments and property taxes) with the cost of renting one. Sometimes that comes out a wash, which immediately brings people to the conclusion that renting sucks.

Renting versus owning: While the money is a key consideration – and it’s a pretty complex one – it shouldn’t be the only consideration. That being said, if you’re going to make the decision to move from renting to buying, you have to look at the dollars and cents. continued on page 126… 124 new Condo Guide may 24 - jun 7, 2014


RICHMOND HILL’S MOST ANTICIPATED LUXURY CONDOMINIUMS

STARTING FROM

$295,000* Register for Tower C Today

WIN T E R G A R D E N L O B B Y | 2 4 -H O U R C O N C I ER G E | S PA / FIT NE S S S T UDIO | Y OGA S T UDIO | S A UNA | P OOL PA RT Y R OO M / C O N F E R EN C E R O O M | G U ES T S UIT E | S UNBAT H ING T E RRAC E | RE TAIL S H OP S

Luxury Living AT AFFORDABLE PRICES

VISIT OUR PRESENTATION CENTRE 9612 Yonge St., Richmond Hill 905.907.4370 www.grandpalace.ca

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 24 - JUN 7, 2014 NEW CONDO GUIDE 125


money matters

continued…

Renters aren’t responsible for maintenance. Homebuyers also need to consider closing costs which include legal fees, land transfer tax, and other miscellaneous expenses that you don’t pay if you are renting. First and last months’ rent is also a ways smaller than the typical down payment on a home. Of course, all that has to be balanced off against the fact that no matter how small the principal portion of your mortgage is (and it’s miniscule in the early years), as long as the market is stable, and you’re not looking to make a quick sale with the hopes of turning a profit, homeowners are building equity and increasing their net worth with every mortgage payment. And when you sell your principal residence one day, the money you earn is tax-free. ›› It’s a wonderful life

When I was in my 20s, I lived in a neighbourhood that was suited to a single girl hell bent on a good time. Back then, renting was the perfect solution: one of limited responsibilities and commitment. If a window broke, I called the landlord.

If the fridge stopped working, I called the landlord. Renting is virtually a worry-free existence. (All this is assuming you have a decent landlord). Home ownership is a responsibility that also brings a ton of warm, fuzzy feelings. It means you can put down roots. You have complete control of your environment so, yes, you can paint your living room red. ›› Location, location

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

Your employment prospects should be pretty stable before you consider buying your own home. Home ownership requires a number of regular payments – the mortgage, property taxes, utilities, maintenance and insurance. Missing any of these payments can trigger dire consequences. There are a number of financial factors that will weigh in when it comes to the buy versus rent question. But the decision involves much more than just running the numbers. You’ve also got to look at the emotional rewards and challenges of each alternative. I’ve been a renter and I’ve been an home owner, and overall I like ownership more.

Renters aren’t responsible for maintenance. Homebuyers also need to consider closing costs which include legal fees, land transfer tax, and other miscellaneous expenses that you don’t pay if you are renting.

126 new Condo Guide may 24 - jun 7, 2014


MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 127


in the news

“Anchor” yourself in Lakeview Dunsire Developments’ urban condos coming to Mississauga’s lake shore On June 7th and 8th Dunsire Developments will be releasing The Anchors at Lakeview urban condos, which are among the most exciting things to hit the lake shore in a very long time. Designed to complement Mississauga’s “Inspiration Lakeview” project, they feature modern functionality and design, sustainable construction and materials, and easy access to both Toronto and lovely Port Credit via public transit and highway systems. This is a worthwhile development and investment for three major reasons: the location, the chance to be there first, and the incredible investment opportunity.

The city of Mississauga is calling the project “Inspiration” and The Anchors at Lakeview will be a pioneering development in the area Location, location, location – it’s what we all want, and what we’re willing to pay for a lot of the time. But recently homebuyers have had to make a tough decision between city living and culture, versus suburban pricing and more space. For many of us, land and space aren’t necessarily selling points, but lifestyle, price and culture are. Moving farther away from the city means a tedious morning trek to work, and walking away from a lifestyle that really defines who you are as a person or family. So how can you win in this market? This is where The Anchors comes in. Positioned in an incredibly convenient area, The Anchors is just minutes away from Toronto’s core and will take full advantage of the city’s expansive lake shore. But convenience isn’t where the benefits end. This 128 new Condo Guide may 24 - jun 7, 2014

development’s location will be a world standard for urban, cultural living. By incorporating concepts involving green (sustainability), blue (the lake), and the aforementioned urban and cultural ideals, this area is poised to become the next Brooklyn, or Granville Island, and that means a brilliant investment opportunity alongside the obvious lifestyle offerings. The City of Mississauga is calling the project ‘Inspiration’ and The Anchors at Lakeview will be a pioneering development in the area. Located right at Ogden Road, The Anchors will have direct artery access to the Inspiration project once completed. With a striking clock tower as a stand-out design feature, The Anchors is set to become a community meeting point, a cultural standard, and a local landmark. Dunsire Developments, the young but proven builder, suggests that getting into The Anchors now will allow one to become “a neighbourhood original,” and it seems as though they’re really onto something. Buying in the area will give those with a pioneering spirit, but devotion to city living, a chance to put their fingerprint on something new that is destined to be big for the city’s lake shore, both culturally and financially. This is a fantastic investment opportunity, but you’ll have to move quickly, as these units are going to sell fast. To keep up to date on The Anchors at Lakeview, visit AnchorsAtLakeview.com and register now for an invitation to their VIP preview night and early choice of units! This is a real opportunity to leave your mark on a neighbourhood bound to become a world-class location and destination.


OUR GRAND PREVIEW! Visit now. Tower 2 is For You!

This is it! We are now 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


Winter 2014 edition free

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

Highrise or lowrise? Which option is best for you? your first MortGaGe

Demystifying this often intimiDating topic

THE GUIDE TO BUYING AND MANAGING YOUR FIRST HOME

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

special edition

416.626.4889 130 NEW CONDO GUIDE MAY 24 - JUN 7, 2014

YFH Cover WINTER2014_FINAL.indd 1

15/01/14 15:34:32


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

Bolton

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Builder

Site

3 Castleridge Homes

Telephone

TH* C*

Price Range

Page

Finder

The Clairington

905-793-0002

from $230,000

129

16E

3

Pinnacle International

The Marquee Townhomes on the Park

905-568-9000

from $720,000

63 & 121

20K

7

Great Gulf

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

6

17Q

2

Great Gulf

Twenty Lombard

416-499-8883

from $492,000

16K

2

Great Gulf

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

#

133


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

Town of Markham

12

7 407

11 Concess

Markham

ion R

TH* C*

905-554-8722

10 Concess ion R

Telephone

Arthouse Condos

9 Line

2

Hwy. 48 le Dr

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Main St S

34

407

Al

McCowan Rd

Hwy. 27

To wn of O sh awa

28

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

26

Key Maps

Major Mackenzie

15

7 14

404

Site

Kennedy Rd

45

16 Ave Carlton Rd

Ave

St

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Woodbin e

Builder Flato Development

Leslie St

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134

# 2

8

Cachet Pkwy

404

John

Steeles Ave E

Steeles Ave W

Elgin Mills Rd

Leslie St

e

Clark Ave W

16th Ave.

32

Thornhill Henderson Av

Centre St

40

24 1 13

Yonge St

407

31

23

4

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Langstaff Rd

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7

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41 26

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50

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25

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Richmond Hill

Rutherford Rd

400

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20

St

n

29

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Regent St Mill St

Maple

19th Ave.

Yorkland

Huntingto

11

Major Mackenzie

401

Gamble Rd

Bathurst St

d

Dufferin St

y Cr

Teston Rd

Nashville Rd

400

Jefferson Sideroad

Keele St

Kirby Rd

Jane St

Rd

Pine Valle

c

24

401

Weston Rd

Cold Cree k

12 Line Rd

King-Vaughan Rd

To wn of Ajax

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Yonge St

King Rd

23

To wn of W hitby

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b

21 22

Denison St

Price Range from $200,000

Page

Finder

127

22E

13 Liberty Development Corp.

Legacy Park

905-731-8302

from $280,000

39

10g

43 Guizzetti Developments

Grand Palace

905-907-4370

from $295,000

125

12E

44 Liberty Development Corp.

Centro Square Condos 2

905-851-8877

from $280,000

36

4G

from $250,000

46 Empire Communities

The Mark

905-554-5015

6

21E

1

Monarch Corporation

Garden Court

416-495-3595

16D

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

Vista Parc Condominiums

905-850-8883

from $260,000

3F

The 6th Angus Glen

905-887-9950

19E

41 Quadcam Development Group Inc 45 Kylemore Communities *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


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

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

I AM

Get Involved: bildgta.ca MAY 24 - JUN 7, 2014 NEW CONDO GUIDE 135


hot dates

May/June 2014 Calendar of events taking place from May 24 – June 7

highlights

Until May 31

501 Streetcar Food Tour

Until May 31

Contact Photography Festival June 1

May 18, 25 & 31

Until May 31

501 Streetcar Food Tour

Contact Photography Festival

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. foodiesonfoot.ca

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

June 1

Until June 6

Toronto Island House & History Tour

Books on Film

Toronto Island House & History Tour

Until June 6

TIFF presents Books on Film

Ward’s Island, Toronto Islands Enjoy a warm afternoon at Ward’s Island, and get a sneak peek at life in this specially controlled housing market. Take in the striking cottageinspired architecture, the unique store-free environment, and the rich 100-year-plus history, just a 15-minute ferry ride away from the mainland. Proceeds benefit the Stephen Lewis Foundation’s Grandmothers Campaign. torontoislandhousetour.weebly.com

136 new Condo Guide may 24 - jun 7, 2014

TIFF Bell Lightbox, 350 King St. W. Back for its fourth season, TIFF’s Books on Film series explores notable novels in film form. This year’s featured films include Life of Pi, The Reluctant Fundamentalist, Washington Square, A Thousand Years of Good Prayers, My Dog Tulip and House of Sand and Fog. Hosted by CBC’s Eleanor Wachtel with filmmakers, authors or film experts discussing the challenges of adaptation. Call 416.599.TIFF or visit online for additional details and to purchase tickets. tiff.net


homebuyers’ help

condo buyers’

resource section Compare mortgage rates for your best deal Helpful tips for condo shopping and moving

may 24 - jun 7, 2014 new Condo Guide 137


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:

138 new Condo Guide may 24 - jun 7, 2014


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 3.14 3.50op

3.19

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

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

3.24

3.59

3.69

3.99

Airline Financial C.U. 4

3.01 3.1 3.33 3.65 6.25op

3.49

3.99

Luminus Financial 2.55

3.05 2.75 2.95 2.9 6.3

2.95

IC Savings

3.05

2.99

2.99

3.39

3.39

3.25

3.95

4.74

TRUST COMPANIES 6.5

3.14

Effort Trust n/a

Community Trust

n/a

4.45 6.30op

3.25 3.6 3.7 4.6 6.30op

4.95

Home Trust Company

2.5

2.89

3.95

2.89

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

2.94

4.79

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

3.14

2.79

4.99

3.44

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

London Life n/a

3.14 3.14 3.75 4.64 6.30op

4.99

MCAP

4.2 6.50op

2.6

3.95

2.79

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

2.65

3.1

2.5

3.6

2.59

2.8

4.35

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 15, 2014. Prepared By Fiscal Agents Financial Information Services 905.844.7700

may 24 - jun 7, 2014 new Condo Guide 139


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homebuyers’ help

Changing your address?

Plan ahead to make your move as smooth as possible, and avoid getting lost in the shuffle! As soon as possible… notify family and friends, companies and

institutions that your address will be changing, either by phone or by mailing the change-of-address cards available at your local post office. The following checklist will serve as a convenient reminder:

❏ Accountant

❏ Family doctor

❏ Alumni association

❏ Dentist

❏ Attorney

❏ Veterinarian

❏ Banks

❏ Frequent flyer program

❏ Lending institutions

❏ Magazine / newspaper subscriptions

❏ Insurance companies

❏ Catalogs

❏ Investment companies

❏ Place of worship

❏ Canada Revenue Agency

❏ Update your driver’s license

❏ Stockbroker ❏ Credit card company ❏ Employer


index of advertisers 45 Charles Ltd. - Chaz Yorkville Condos

29

K-CAP Laird Inc. - The Upper House Condos in Leaside

53

Aspen Ridge Homes - Studio on Richmond

43

Lamb Development Corp. - The Harlowe

69

Lanterra Developments - 11 Wellesley

11

Lanterra Developments - Riverhouse at the Old Mill

14

Averton Homes - Jasmine Condominiums

103

Bazis Inc. - E Condos

5

Bazis Inc. - No1 Yorkville

19

BILD - Promo

135

Lemine Investment Group - The Academy

107

Liberty Development Corp. - Centro Square Condos 2

36

Liberty Development Corp. - Legacy Park

37

Brandy Lane Homes - The Station

51

Camrost - Felcorp - Imperial Plaza

3

Liberty Development Corp. - World on Yonge

35

Camrost - Felcorp - Yorkville Plaza II

1

Lifetime Developments - The Code

27

Luxury Living Magazine - Promo

93

Malibu Investments Inc. - Smart House

59

Canpages - Promo

88

Castleridge Homes - The Clairington

129

Chinese Home & Condo Guide - Promo

60

City Core - Harmony Village Sheppard

89

Concord Adex - FWD at Concord CityPlace

44-45

Cresford Development Corp. - 1000 Bay

IBC

Cresford Development Corp. - CASA 2

IBC

Cresford Development Corp. - CASA III

IBC

Cresford Development Corp. - Lofts 399

IBC

Cresford Development Corp. - Merton Yonge Condominiums144 & IBC Cresford Development Corp. - NXT at Windermere By the Lake

IBC

Devron Developments - The Academy

107

Digital Device - Promo

143

Dundee Kilmer Developments - Canary District Condominiums

57

Easton’s Group - Dundas Square Gardens

87

Eden Shaw - Chaz Yorkville Condos

29

Edilcan Development Corp. - Triumph at Valhalla

77

ELAD Canada - Emerald City Condominiums

81

Empire Communities - Rain Condominiums

6

Empire Communities - The HUB

7

Empire Communities - The Mark

6

Empire Communities - Water Tower at Eau Du Soleil

6

Family of magazines - Promo

140

Fernbrook Homes/Cityzen Dev. - Garrison Point

73

Fieldgate Homes - 90 Niagara

61

Flato Development - Arthouse Condos Geranium Homes - Pace on Main

127 122-123

Menkes Developments Inc. - 87 Peter

Insert

Menkes Developments Inc. - Corporate

insert

MintoUrban Communities Inc. - 30 Roe

83

Monarch Corporation - Corporate

Insert

Monarch Corporation - Picasso on Richmond

Insert

Monarch Corporation - Riva del Lago

Insert

Pemberton Group - Corporate

8-9

Pinnacle International - Model Suite of the Month 

62

Pinnacle International - 33 Bay Residences at Pinnacle Centre 

63

Pinnacle International - Palatila Collection

63

Pinnacle International - Pinnacle Grand Park 2

63

Pinnacle International - Pinnacle Uptown, Crystal 2

63

Pinnacle International - The Marquee Townhomes on the Park63 & 121 Pinnacle International - The Pinnacle on Adelaide

63

Queenscorp Residences - Watermark

97

Shopping Guide - Promo

108

Sorbara Group - Beacon

65

Spallacci Group - Royal Connaught

131

Stanton Renaissance - On The Go Mimico

109

TD Bank - Corporate

17

The Daniels Corporation - High Park Condominiums

41

The Daniels Corporation - One Park Place South Tower Torbel Group - Diva Condo Tribute Communities - The College

15 101 49

Great Gulf - Charlie

23

Tridel Corporation - Alter

IFC

Great Gulf - HOT

23

Tridel Corporation - Corporate

BC

Great Gulf - Monde

22

Triumph Developments - Howard Park 2

75

Great Gulf - One Bloor Residences

22

Urban Capital - RC3

47

Great Gulf - One Sherway Condominiums

22

Urban Capital - Smart House

59

Great Gulf - X2

23

Valery Homes - Royal Connaught

23

Worsley Urban Partners - Totem Condominium

Great Gulf - Yonge+Richmond Guizzetti Developments - Grand Palace 142 new Condo Guide may 24 - jun 7, 2014

125

Your First Home & Condo - Promo

131 67 130


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M ERTO N YO NGE TOWNHOM E S

aCtual South vIew

liVE. hErE. now. 1815 yongE St.

StyliSh CondoMiniUMS & townhoMES FiniShEd with ExCEptional UpgradES.

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

N

YONGE

Midtown living at its very best! MYC is located at Yonge & Merton, just steps to the subway, parks, trails and trendy Yonge Street boutiques and cafes. It’s your life, your style, your way.

EGLINTON

DAVISVILLE TTC SUBWAY

PRESENTATION CENTRE MERTON

penthouses from the $800’s - new release townhomes from the high $500’s tower suites from the mid $300’s 416.484.1900 myccondo.com

SITE ST. CLAIR

ROSEDALE

eXplore

BLOOR

in 4d

BrokerS ProteCted. PrICeS and SPeCIfICatIonS are SuBjeCt to Change wIthout notICe. IlluStratIonS are artISt ConCePt. e.&o.e. EGLINTON

N

ONGE

144 NEW CONDO GUIDE MAY 24 - JUN 7, 2014


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

New Condominium Gallery with model suite now open Yorkville From the mid $300’s 416.486.CASA (2272)

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

1THOUSAND BAY CONDOMINIUMS ON THE PARK

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

Move in Now Yonge & Merton Urban Townhomes From the 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.

cresford.com eXPLORe

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 647.620.7957


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.


Facebook.com/Tridel

Twitter.com/Tridel

tridel.com


Tridel communities across the GTA

Relax. It’s a Tridel.

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. May 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

tridel.com


GTA New Condo Guide, May 24, 2014  

A Wall2Wall Publication

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