June 7 - 21, 2014 Volume 18 Issue 12
INSIDE THIS ISSUE
THE COST OF HOME INSURANCE
WHAT IS BRIDGE FINANCING?
THEY DON’T BUILD ‘EM LIKE THEY USED TO, THEY BUILD ‘EM BETTER
You will find a lot to see at our Penthouse and Signature Suites, except the words to describe them.
tridel.com
COMING SOON
RESIDENTIAL ENTRANCE OFF CUMBERLAND STREET
THIS IS
YORKVILLE AT ITS VERY BEST.
R EG I STE R N OW | CU M B E R L AN DTOWE R .CO M/CG
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 V I L L E
A MASTERPIECE IN YORKVILLE. 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
Three simple steps to homebuying success
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
Shopping for a home online is a great way to narrow your search, but there’s nothing like visiting the sites, models and sales offices to get down to the nitty-gritty. Before you venture out, here are some pointers: First, be clear about what you want and expect in a new home and in your builder. Remember, the range of prices in the new-home market generally reflects differences in location, features and home styles. There’s no magic involved. If a builder’s pricing seems out of whack, ask for an explanation. Higher prices could mean better quality materials, features and service. Make sure the price you pay will deliver the quality you want. Second, understand what’s included with the condo you are buying and what is optional. Ask the sales representative to show you samples, and request a “spec” sheet that clearly lists what is included as standard, as well as any upgrade options. Third, evaluate any promises that have been made during your visit. Is the builder prepared to put them in writing? Hearsay comments should not be included as part of your evaluation process. Sit down with your sales representative, ask questions and discuss your Agreement of Purchase and Sale in detail – then take it to a lawyer before it’s finalized.
A little peace of mind
Lydia McNutt
Editor
Wall2Wall Media Lydia.McNutt@wall2wallmedia.com Follow me on Twitter at Twitter.com/LydiasTweets
002 new Condo Guide june 7 - 21, 2014
Home and property insurance is something many homebuyers – especially first-timers – often forget about. Whether this is your first home or your 10th, if you’re shopping around then now is a good time to bone-up on insurance issues. How much will it cost to rebuild your home in case of a flood or fire? Can you pony up all that cash to cover replacement costs? Not likely, which is why most lenders require that your home is insured on closing day. Make this a priority. There are other types of insurance to consider. Is your down payment less than 20 per cent of the value of the home you intend to purchase? If so, you’ll also require mortgage loan insurance, which helps protect lenders against mortgage default. The lender pays the insurance premium and passes that cost on to you, which can be paid up-front or, more commonly, added on to your mortgage. So, the lenders in the equation are covered, but what about you and your loved ones? Mortgage life insurance is a peace-of-mind product that would protect your family and home in the event of critical illness, accident or death of the policy holder. Should the unthinkable happen, the policy would pay out the remaining sum on your mortgage. Your home represents a major investment – financial and emotional – so don’t leave your future to chance. Get educated, plan ahead, and sleep a little better at night knowing your home is protected.
THIS RARE OPPORTUNITY IS ABOUT TO BECOME HISTORY.
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IMPERIALCONDOS.CA 416.925.2501 Exclusive Listing Brokerage Milborne Real Estate Inc. Brokers Protected. Prices and specifications are subject to change without notice. Illustrations are artist concept. E.&O.E.
JUNE 7 - 21, 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
Industry Insider
Barbara Lawlor
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.
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.
Stat Chat
Ben Myers 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
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
Fundamentally Speaking
Investor Advice
money matters
Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. Email Wayne at wayne.karl@wall2wallmedia.com or follow him on Twitter at @WayneKarl
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
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
Wayne Karl
004 new Condo Guide june 7 - 21, 2014
Andrew la Fleur
Gail Vaz-Oxlade
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.
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
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PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O.E. RENDERING IS ARTIST’S CONCEPT ONLY.
JUNE 7 - 21, 2014 NEW CONDO GUIDE 005
WHERE IN THE EMPIRE DO YOU WANT TO LIVE? EMPIRECOMMUNITIES.COM Celebrating 20 years in the building industry, Empire Communities continues to raise the bar in urban living with a range of iconic communities across the GTA. Markham Rd.
MARKHAM
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JUNE 7 - 21, 2014 NEW CONDO GUIDE 007
IT’S ALL ABOUT LUXURY, CHOICE & YOU
Incredible choice. Unbeatable offers. Now is the best time to choose a Pemberton Group condominium. From Oakville and Mississauga to Richmond Hill and Toronto, Pemberton offers an array of suite designs and prices to suit your needs. Whether you’re a first-time buyer, moveup family or looking to downsize, you’ll find a condo that is just right for you. Call or visit one of our Sales Centres today and take advantage of exciting, limited time offers.
PEMBERTONGROUP.COM 905.326.4100 Exclusive Listing Brokerage, Circle M Realty Corporation, Brokerage. Brokers Protected. Illustrations are artist’s concept. Prices and specifications are subject to change without notice. E. & O.E.
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008 NEW CONDO GUIDE JUNE 7 - 21, 2014
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THE URBAN TOWNHOME COLLECTION | TORONTO
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JUNE 7 - 21, 2014 NEW CONDO GUIDE 009
bild report
Forget nostalgia.
Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and BILD’s official blog (bildblogs.ca).
T
hey don’t build them like they used to – they build them better than ever. Today’s builders, architects’ and renovators have a greater understanding of how homes behave as a complete system than those from past decades. They’re using that knowledge to build homes that are more energy efficient, safer, and can save homeowners money on their annual bills. With more than 100,000 people coming to the GTA every year, the question is often whether to buy a new or resale home. One of the arguments for buying new is that the quality of new construction is constantly improving. Better features and building practices that reduce energy consumption and environmental
010 new Condo Guide june 7 - 21, 2014
// By bryan tuckey
New homes built better than ever! impact in today’s new homes include pre-fabricated and modular structural elements, insulated concrete forms, and energy recovery systems that use waste energy to heat fresh air and hot water. With all of these new improvements, what could possibly make people think that the homes built decades ago are better than today’s homes? Nostalgia, according to building scientist Michael Lio of Lio & Associates. “It’s true,” he adds. “We don’t build them the way we used to. We build them even better. There is a vast improvement in quality. You can’t use sloppy methods. It forces you to build better-quality homes. We build the very best houses in the world right here in Ontario.” Lio said that if anyone spends some time in a downtown Toronto home that hasn’t been renovated in years, there’s a good chance they’ll find mould growing because of thermal bridging, single-pane windows (not up to current code), inefficient furnaces and poor insulation levels. “There is 75 per cent less energy used in a home built today than a house built in the ’60s,” Lio says. Gord Cooke, another building scientist and president of Building Knowledge Canada, says needs and expectations of homeowners have changed with those improvements in quality. “We used to wake up to cold rooms and floors in the morning and didn’t think much of it. Now people want to wake up warm and cosy with the same temperature throughout the house,” he says. There have been quantum leaps in the Ontario Building Code (OBC) since 2006 pushed by energy-efficiency programs. The OBC is updated every five to six years with improvements made to fire safety, energy efficiency and durability. Cooke compared the OBC from 1982 with 2006. The later version contained at least 30 per cent more references and requirements from a safety perspective, including carbon monoxide detectors, safety railings and staircases, and windows as a method of escape during a fire. With improvements that reduce heat loss through windows, doors, walls, attics and basements, plus better furnaces and air conditioning, savings are close behind. Today’s top builders understand how homes work as a system. There’s no question that new homes top resale in energy efficiency.
an iconic address takes root
CONDOMINIUMS ON WELLESLEY BETWEEN BAY & YONGE FROM THE MID $200’s 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.
JUNE 7 - 21, 2014 NEW CONDO GUIDE 011
table of contents
June 7 – 21, 2014 volume 18 issue 12
20
Top Toronto districts collide at
THE BOND CONDOS
columns, news & features 60
002 Editor’s note Columnists
010 bild report Forget nostalgia. New homes built better than ever by bryan tuckey
014 Home Sweet Home Canada’s housing un-affordability by Lydia McNutt
017 Investor Advice How to spot a successful condo investment opportunity by Andrew la Fleur
024 Fundamentally Speaking Buyers taking it on the chin with Development Charges by Wayne Karl
026 Taxing Issues What should I pay off first? by Henry Choo Chong
030 Condo Pro Ensure to insure your condo by barbara Lawlor
032 Stat Chat What is the most undervalued condo market? by Ben Myers
034 Make Your Move Busiest moving day of the year is just around the corner by Stuart Smith
038 legally speaking The truth about family trusts by jayson Schwarz
048 Industry Insider More than meets the eye by David Hirsh
050 Mortgage Matters Bridge financing: What is it and how can it help you? by Alyssa Richard
060 Designer Advice In between seasons, in between spaces by Yanic Simard
066 Condo Living Budget and condo fees by Shlomo Sharon
088 Money Matters Avoid fraud by Gail Vaz-Oxlade
112 Quick Tips A place and a space for everything
by Hellen Buttigieg
40
condo profiles
28
Bazis, Metropia & RioCan
28
E Condos Construction starts at Yonge and Eglinton
78
40
94
The Daniels Corporation
HighPark Go north and discover how easy it is to live the High Park lifestyle
78
Empire & Pace
84
The Mark Empire and Pace celebrate summer with a special promotion at The Mark
84
Torbel
Diva Diva Condo is dressed to impress; North York’s leading lady has arrived
94
108
In The News
046 Urban Capital River City 3 strikes Toronto’s skyline with extreme architecture 054 BILD New home sales continue to climb 058 Triumph Dev. A lot to celebrate at Roncesvalles Village Howard Park 2 070 Edilcan Dev. Edilcan freezes Development Charges at 2013 levels 072 Easton’s Group You could be off to New York City with Dundas Square Gardens
082 TAS & Main and Main Award-winning TAS together with Main and Main presents Kingston&Co 106 OHBA Home builders applaud infrastructure investment Homebuyers’ Help
064 condo Sense Top 10 tips for a successful downsizing sale 074 Hot Topic How much will your home insurance cost? 080 condo watch 416 Previews, new releases and grand openings in the 416
092 Finances Saving tips for first-time homebuyers 096 Hot Dates What’s happening in and around the GTA 104 condo watch 905 Previews, new releases and grand openings in the 905 121 Condo Buyers’ Resource Section 126 advertiser Index
Stanton Renaissance
On The Go Mimico Stanton Renaissance and Mike Holmes make it right!
108
pinnacle International
Pinnacle Grand Park 2 Brand new suites released at Pinnacle Grand Park 2!
home sweet home
// by Lydia McNutt
Canada’s housing un-affordability
I 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
f you’re shopping for a home in Toronto, or in any of Canada’s larger markets, you’re likely experiencing some frustration. And that feeling is growing as housing affordability continues to drop. Long before you “officially” started your home hunt, you started compiling your list of must-haves. I know I did. My ideal included a four-bedroom detached house on a large lot, in Toronto, within walking distance of the Bloor subway line, with a park, shopping and nightlife nearby. (Schools weren’t on my radar yet, but that, too, would come.) So when the time came to shop for our first home, my husband and I were disappointed to learn what our measly budget could buy. And it wasn’t even all that measly! The modern homebuying reality for most Canadian buyers – especially first-timers – is a question of either/or. It seems you just can’t have it all. RBC Economics’ latest Housing Trends and Affordability Report indicates that the cost of homeownership is on the rise.
In the first quarter of 2014, Toronto’s affordability measures stood at 24-year highs for bungalows at 44.9 per cent, and two-storey homes at 51 per cent, while condos came in at 29.4 per cent – not much below its multi-decade peak The housing affordability index captures the proportion of pre-tax household income required to own and operate a home at current market value. The greater the measure, the worse the affordability. For example, a measure of 50 per cent means owning a home – including mortgage payments, utilities and property taxes – will eat up 50 per cent of a typical household’s pre-tax income. In the first quarter of 2014, Toronto’s affordability measures stood at 24-year highs for bungalows at 44.9 per cent, and two-storey homes at 51 per cent, while condos came in at 29.4 per cent – not much below its multi-decade peak. To put these numbers in perspective, when you’re applying for a mortgage, lenders add up your housing costs and calculate what percentage they are of your gross monthly income, known as your Gross Debt Service ratio (GDS). According to Canada Mortgage and Housing Corp., to be considered for a mortgage, your GDS should be 32 per cent or continued on page 16…
014 new Condo Guide june 7 - 21, 2014
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Parliament St.
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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
continued…
Today, more than ever, creating a realistic budget is key. This will be your starting point – before you even begin thinking about your list of must-haves and niceto-haves. Your budget will define what area you can afford to live in, the type of home, and the lifestyle you will lead long after the paperwork has been signed and the boxes unpacked. less of your pre-tax household monthly income. What does this mean for homebuyers? Quite simply, they’ll need to increase their income, or decrease their housing budget – and expectations. If you’re dreaming of a single-detached, two-storey life in Toronto, be prepared to shell out 51 per cent of your pre-tax income, providing you earn at least an “average” income. After taxes and living expenses, that doesn’t leave much for your rainy-day fund, never mind your retirement in 35 years! Today, more than ever, creating a realistic budget is key. This will be your starting point – before you even begin thinking about your list of must-haves and nice-to-haves. Your budget will define what area you can afford to live in, the type of home, and the lifestyle you will lead long after the paperwork has been signed and the boxes unpacked.
016 new Condo Guide june 7 - 21, 2014
Determine what you can comfortably afford. And I don’t mean the mortgage amount you’ve been pre-approved for. Calculate your monthly mortgage payments, property taxes and utilities. Now, do you have student loans? Do you drive a car? Do you expect to eat on a daily basis? Do you, or are you planning to have kids? Will they be eating too? Don’t forget about those retirement savings! If it costs money, factor it in. Only now can you think about the home itself. Really think about it. Who says the key to happiness is a 2,500-sq.-ft. detached house? Maybe your lifestyle would be better suited to an urban condo, where you don’t have to worry about things such as mowing the lawn and shoveling the snow. Weigh the pros and cons, then decide. The perfect home is out there, with something suited to every budget. Maybe you’ll just have to explore some different definitions of “home” to find the right one.
Monarch first. Before the ‘60’s changed the world. Before the Baby Boom began. Before the Roaring ‘20’s took us dancing to the Charleston or out to the movies, Monarch was here. First. For 96 years, families have trusted Monarch for the most important investment of their lives. So choose the one builder who has always been there for Canadian families. And visit Monarch. First.
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Think Monarch first. Monarch has 3 magnificent luxury condominiums on Etobicoke’s highly sought after Humber Bay Shore’s Waterfront. Imagine an early morning run along the Martin Goodman Trail. A romantic stroll at sunset. The waterfront’s lively lifestyle, minutes from Downtown Toronto and steps away from your stunning Monarch condominium. Discover a variety of suite choices – from studios to 2 bedroom + den and 3 bedroom styles. There is a home near the shore for everyone!
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MonarchGroup.net *Prices, specifications and promotions are subject to change without notice. Rendering is artists’ concept and image is for mood and impression only. E.&O.E.
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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 | Move-in this Year from $399,990 Sales Centre located at 2167 Lake Shore Blvd. W. 416-495-3544
MARKHAM | Garden Court | Move-in this Year 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
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MonarchGroup.net Prices, specifications and promotions are subject to change without notice. E.&O.E. 10893
first.
investor advice
// by andrew la fleur
How to spot a successful
condo investment opportunity
W 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
hen it comes to investing in condos, not all projects are created equal. Some are more profitable than others, some provide investors excellent return on investment, while others do not. So, how do you know what to look for when choosing a condominium to invest in? While there are hundreds of factors to consider when picking the right project, here are four tried and true ingredients for a successful condo project to invest your money:
1 Multi-phase projects Projects that are not just one-off buildings, but rather contain multiple buildings rolled out over time as part of a bigger master plan, are great for investment. If the project is successful at the start, prices always go up for subsequent phases. Getting in early in a multi-phase project is a proven method of making money in condo investing. Some well-known examples of multi-phase projects and communities include Cityplace, Liberty Village, the Distillery District, and more recently, the revitalization of Regent Park. 2 Location with upside potential While it’s hard to go wrong when you invest in an established triple-A location like Bloor-Yorkville, anywhere near Yonge Street or King West, often it takes a little more foresight to see the greatest opportunities are in areas that are still in transition. Ten years ago, no
one wanted to live at King and Bathurst. Now this area is one of the hippest and hottest in the city. Today for example, the east side of downtown is much cheaper on average than the west side, which provides an excellent opportunity to invest. 3 Areas with high rental demand When evaluating potential condo buildings to invest in, be sure to study the rental market in the immediate vicinity to see how much demand there is to live in the area. Look especially for two things: are rents increasing, and how many days on the market does the typical rental listing last? Areas with rapidly increasing rental rates and low time on the market are more likely to outperform other areas. One area that has a strong rental market right now is Yonge and Eglinton. 4 Developer history On this point, I’m not referring to whether the developer has a solid history of building good product and finishing on time (while that is important). I’m referring to their history with their investor buyers. The best condo projects for investment are often those where the developer understands and puts a high value on the role of the investor buyer in the sales process. They reward their early investors with great prices, and this translates into strong asset appreciation by the time the building is complete.
june 7 - 21, 2014 new Condo Guide 017
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@BazisInc JUNE 7 - 21, 2014 NEW CONDO GUIDE 019
cover story
Top TORONTO DISTRICTS COLLIDE AT THE BOND CONDOS Construction Moving Quickly at Adelaide and John The corner of Toronto’s Cultural District and
Entertainment District will soon be home to an iconic new residential destination, with construction well underway at The Bond Condominiums – a chic new condominium building from Lifetime Developments. Expected to begin occupancy in the summer of 2016, The Bond Condominiums has, since its launch, been among Toronto’s most talked about new sites, with purchasers, agents and savvy real estate insiders buzzing about its prime location and distinctive design. The Bond is located at the corner of John and Adelaide Street West, right in the heart of downtown. Just steps to the city’s celebrated culture, fashion, and lifestyle landmarks, residents will be uniquely positioned to enjoy lunch at the AGO, a matinee performance at the Royal 020 new Condo Guide june 7 - 21, 2014
Alex, an evening game at the Rogers Centre, dinner on King Street, and dancing ‘til dawn at a club on Richmond. “This location makes the best Toronto has to offer truly accessible,” says Brian Brown, vice-president of Lifetime Developments. “There is so much available to buyers just outside their front door, that we prompted our team of architects and designers to ensure that the interiors of the building were as compelling as its surrounding area.” Designed by Charles Gane of Core Architects, the 40-storey, 369-suite tower will boast a sleek and modern glass exterior mixed with dramatic dark tones, anchored by its bold geometric podium. With interiors by Tomas Pearce Interior Design Consulting, each suite will feature nine-ft. ceiling heights, expansive floor-to-ceiling windows, and spacious balconies.
For those who want a little more “active” in their activities, the eighth-floor fitness retreat awaits, boasting a fully equipped weight and cardio room, a yoga studio, an outdoor pool and hot tub, and a sun lounge with juice bar The kitchens offer custom-designed contemporary cabinets, a choice of natural stone or quartz countertops, tile backsplashes, and state-ofthe-art European-style appliances (including a stainless steel stove and microwave). Equally elegant are the bathrooms, which also offer custom cabinetry, and stone or quartz countertops, as well as a choice of porcelain flooring, five-ft. soaker tubs, and a beautiful glass shower with chrome fixtures. The beautifully designed suites are available in one-bedroom-plusden, two-, and two-bedroom-plus-den layouts, with a great selection of suites still available.
On the seventh floor, The Bond offers an exquisite urban retreat. Here, residents and their guests can enjoy a private lounge with wet bar, special event kitchen and dining room, elegant double-sided fireplace, billiards lounge, golf simulator, and outdoor terrace and lounge. For those who want a little more “active” in their activities, the eighth-floor fitness retreat awaits, boasting a fully equipped weight and cardio room, a yoga studio, an outdoor pool and hot tub, and a sun lounge with juice bar. “With well designed suites, highly desirable amenities, distinctive architecture and an unsurpassed urban location, it’s no surprise that The Bond is one of the most desirable new buildings,” adds Brown. “There is still a good selection of units, at exceptional pricing, available. Although, given the excitement with the quick pace of construction, we don’t expect the units to be available for too much longer.” For your chance to live at one of Toronto’s best condo locations, visit Lifetime’s Inventory Boutique, at 373 King St. W., suite 302; call 416.546.7525; or go to thebond.ca for more information.
june 7 - 21, 2014 new Condo Guide 021
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JUNE 7 - 21, 2014 NEW CONDO GUIDE 007
fundamentally speaking
// by wayne karl
Buyers taking it on the chin with
Development Charges
Building Industry and Land Development Association (BILD) said. “The rates have increased exponentially, and it has shifted the burden of paying for critical infrastructure onto the newest residents and businesses moving into a neighbourhood. It is not fair that new homeowners in the GTA are the only ones paying for new and upgraded infrastructure when all residents – new and old – will be using it.” BILD and other industry voices have long been speaking out against rising Development Charges, since it’s a contentious issue facing home builders – and therefore buyers – across the country. Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. Email Wayne at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl
I
f you’re looking to buy a new home in Mississauga, you might want to hurry: prices are about to take a bit of a jump, and you won’t get any more bang for your buck. The City of Mississauga is proposing whopping increases to Development Charges – fees applied by various levels of government when new homes are built, to pay for new infrastructure such as roads, transit and other necessities. Builders pay the charges, but typically pass on the cost to buyers. What does that mean for the new-home buyer? You’re looking at a 54-per-cent increase in Development Charges. New condo buyers will be on the hook for more than $17,000. The City is poised to vote on the proposal in June, and the new charges could be implemented as early as July, so the clock is ticking. “Development Charges are a tax,” Bryan Tuckey, president of the
024 new Condo Guide june 7 - 21, 2014
Universal concern
In Toronto, City Council late last year voted to increase Development Charges by 75 per cent, to almost $30,000 for a semi- or single-detached home. These new fees began to be phased in on Feb. 1, 2014 and are to be implemented in full by Feb. 1, 2016. Development Charges are even steeper further out in the GTA. According to a recent report from Altus Group, an economic consulting firm, municipal fees and charges collected by Toronto, Markham, Oakville, Brampton, Bradford-West Gwillimbury and Ajax average out to about $116,200 on a new single-detached home, representing 22 per cent of the cost. For a new highrise, the fees average $64,000 – or 20 per cent. In Ottawa, Development Charges and other government-imposed fees today account for about 23 per cent of the cost of a new home. Twenty-five years ago, the costs accounted for just three per cent. In Vancouver, the various government taxes, fees and levies range from 16 to 27 per cent of the cost of a new home, depending on the city and the type of housing. Though the problem may differ slightly from one city and province to the next, with critics arguing the fee increases are largely arbitrary, the concern is universal: new-home buyers are picking up a disproportionate part of the tab for infrastructure development. What now?
BILD and other home building associations continue to appeal to their provincial governments and other bodies involved in such disputes. “As costs associated with building new communities increase, it is becoming increasingly difficult for buyers to find a new home they can afford to purchase,” says Tuckey. “While we understand that growth must pay for growth, the building industry has expressed the need for these fees to remain reasonable, fair and accountable to new-home purchasers across the GTA.” In the Mississauga example, at least, the pleas may have fallen on deaf ears, as Mayor Hazel McCallion essentially told the industry to “stop appealing” and “let’s get on with business.”
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JUNE 7 - 21, 2014 NEW CONDO GUIDE 025
taxing issues
// By henry choo chong
what should i pay off first? Q
When my wife and I filed our tax returns, we received a refund of $4,800. We have been sitting on this money, not sure if we should pay down our mortgage, pay off some of our credit cards, or contribute to our Registered Retirement Savings Plan? Which option would give us the best return. Jeremy and Sheila, Markham
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.
Building wealth is not only about saving and investing, but also reducing debt and maximizing factors within your control
026 new Condo Guide june 7 - 21, 2014
Luckily, you received a generous refund. Your question is not uncommon. Building wealth takes discipline, effort and educated decisions. Success has different meanings to everyone and choices must be made based on each individual’s situation. However, there are general rules that you can apply when faced with this type of financial decision. Take note and compare the various forms of your debts and investments. Currently, mortgage rates are at historical lows. Comparatively, the return on investments (for RRSPs and stocks) can vary greatly. The tax deductions on the RRSP contributions are a great incentive for contributing. On the other hand, bank and department store credit cards charge high interest on outstanding balances. Be careful, we often forget to look closely at the rates charged on our monthly statements. As a starting point, eliminate the debt with the highest interest rate. Unfortunately, many Canadians use credit cards to help with cash flow instead of the convenience they provide. Of course, this is no secret to the banks – it’s just another way for them to continue making more money from us. Generally, carrying balances on your credit cards at the end of the month should send a signal that you may be spending more than you are currently earning. Most financial experts agree, eliminating credit card debt should be a priority. By freeing up your credit card obligations, you can use the monthly savings from the credit card payments to pay down your mortgage or get on a monthly RRSP contribution plan. Building wealth is not only about saving and investing, but also reducing debt and maximizing factors within your control. Education is an important prerequisite for building wealth. The Internet, local bookstores and libraries are a great source of information. There are many excellent articles and books written on managing money. Alternately, contact a professional if you require more specific advice. Regardless of your position in life, everyone has an expected minimum standard of living.
JUNE 7 - 21, 2014 NEW CONDO GUIDE 027
condo profile
CONSTRUCTION STARTS AT YONGE AND EGLINTON Bazis, Metropia and RioCan’s highly anticipated E Condos is underway
e
Condominiums, one of Toronto’s most talked about condo buildings, is about to remake the face of Yonge and Eglinton, changing the way that local residents, office workers and pedestrians will view this lively midtown neighbourhood. With demolition of the existing buildings having just begun on this chic new condo project – a collaboration by three award-winning developers Bazis, Metropia and RioCan – area residents have their first glimpse of a new future for this iconic corner. “With the start of construction, we couldn’t be more excited for both the team and for our buyers,” says Veronika Belovich, director of sales and marketing for Bazis. “E Condos is truly one of Toronto’s most distinctive new condo towers.”
Units will offer remarkable views of the city skyline and a public piazza at ground level bringing superb atgrade retail to this favoured midtown corner 028 new Condo Guide june 7 - 21, 2014
Standing at 58 and 36 storeys, these residential towers will rise above Yonge and Eglinton, with units offering remarkable views of the city skyline and a public piazza at ground level bringing superb at-grade retail to this favoured midtown corner. TD Bank will occupy the ground floor of E Condos, with its brand new, state-of-the-art branch. Designed by award-winning architect Rosario Varacalli, and featuring the elegant and contemporary styling of designer Mike Niven of Mike Niven Interior Design, E Condos blends modern luxury with timeless elegance. Suites at E Condos offer a sense of spaciousness thanks to the airy nine-ft. ceiling heights and light-filled windows. Contemporary kitchens boast customdesigned cabinetry in a range of materials and colours, Euro-style appliances, quartz countertops and ultrafashionable backsplashes. Purchasers can choose from one-bedroom, onebedroom-plus-den, two-bedroom and two-bedroomplus-den plans, some with terraces, from 514 to 1,240 sq. ft., and priced from the mid-$300,000s.
A dynamic amenity program occupies the fourth and 31st floors, and includes gourmet kitchens and dining rooms, party lounges, technology lounges, exquisite outdoor terraces with barbecues, dining area, sunbathing beds, bar and lounge areas. The state-of-the-art fitness area includes weights, cardio, yoga and boxing studios. Among E’s most amazing features, the 31st floor boasts a swimming pool, sauna, change rooms, bar, and seating area cantilevered over the street below, distinguished within a red glass frame which juts out from the building’s façade, providing unsurpassed views of the city below. “Now is the time to become part of one of Toronto’s most popular neighbourhoods,” says Belovich. “Residents will be in the midst of a flourishing locale filled with bustling cafes and restaurants, chic retail shops and modern movie theatres – and will be able to access many of these amenities without having to go outdoors, thanks to the condominium’s planned underground connections.” And while the area just outside E’s front doors offers a mix of the city’s best shopping, dining and entertainment options, direct access to both the TTC’s Yonge subway line and the planned Eglinton Crosstown LRT puts everything the city has to offer – from the lake to the 905, and from Mississauga to Scarborough – within easy reach. To learn more about E Condos and the lifestyle that only Yonge and Eglinton offers, visit the presentation office located at 2300 Yonge St. in the office lobby. It’s open Monday to Thursday from noon to 6 p.m.; Saturday and Sunday from noon to 5 p.m. Call 416.243.8688, or visit econdos.ca.
june 7 - 21, 2014 new Condo Guide 029
condo pro
// by barbara lawlor
Ensure to insure your condo
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
always stress the importance of doing your “homework” when buying a new condominium. You need to know where you stand on all aspects of your purchase, including insurance. It’s as important in lowrise housing as well, but the parameters differ. The first thing to realize is that condominium maintenance fees include the insurance that the condominium corporation takes out on the building itself. This amount is typically estimated at two per cent of the condo budget. Be sure you read your declaration carefully so you know exactly what
Make sure you deal with an insurance company that has experience with condo requirements 030 new Condo Guide june 7 - 21, 2014
this covers, because it can differ from building to building. Basically, condominium corporations insure from the walls out – so items such as the roof, exterior, driveway, underground garage and amenities. Again, coverage is not standard, so it is important to check. Ask someone in your condominium corporation whether you are responsible for the deductible under the policy taken out on the building. This can be substantial. As a suite owner, you must insure the unit from the walls in. Remember, this is more involved than insurance for apartment renters, which covers only their contents such as clothing and furnishings. A condo owner has to insure the contents and the fixed items such as counters, cupboards, vanities and the like. If anything happens to these “attached” elements of the suite, the owner is responsible for repairing or replacing them. This includes what insurance companies call “betterments” – the upgrades or improvements you may make to these items. Make sure you deal with an insurance company that has experience with condo requirements. One idea is to find out from your condo-owning friends and relatives who they use, and then seek out advice. Your condominium suite insurance takes effect when your unit legally closes, but you will want to obtain a copy of the condominium declaration as early as possible. Show it to your insurance agent so he/she can help you determine exactly what coverage you need. Although condo insurance covers more than contents, you do need to be mindful of this element of your coverage. I’ve seen buyers neglect this and then regret it later, after a fire or robbery takes place. Sit down and make a list of your belongings, including what you will place in your storage locker, as you need to insure the contents of that as well. You may be surprised at the value of your items. Perhaps you have costly jewelry or rare antiques. If so, you can add a rider to your insurance to cover them. Other things to consider may be heirlooms, artwork, collectibles and the like – anything that would be difficult and expensive to replace if it were stolen, burned or otherwise damaged. Ask your agent about specially designed condominium owners’ policies and additional riders for things like additional living expenses if your suite becomes uninhabitable because of a loss. In addition, you should be looking at personal liability insurance to cover your legal liability, should someone visiting your suite suffer an injury or loss to his or her property. Be as thorough as you can. If you are an investor and will be renting out your suite, check as to your responsibilities in this scenario. At the very least, your tenant should purchase contents insurance. Once you have explored all the parameters and arranged for the insurance that fits your needs and responsibilities, you can enjoy peace of mind. The important thing is to feel comfortable, both physically and emotionally, in your beautiful new surroundings. Be sure to insure!
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
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Stat Chat
What is the most
// by Ben Myers
under-valued condo market?
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
L
ast month I had the opportunity to speak at MCAP Development Finance Group’s spring breakfast seminar for developers, builders, and lenders active in Toronto’s new housing market. I prepared a number of slides on the value of new singledetached homes and townhouses, as well as condominium apartments. It dawned on me to compare lowrise versus highrise pricing to determine which areas may be potentially overvalued or undervalued. I compared them on a per-sq.-ft. basis, and I also compared how each
032 new Condo Guide june 7 - 21, 2014
municipality ranked in terms of pricing for both lowrise and highrise, and how they differed. I was able to identify three municipalities that I deemed their highrise condominium market to be undervalued. The first area I identified was Milton. Based on data from Canada Mortgage and Housing Corp., (CMHC), the average new single-detached home completed in Milton in 2013 was approximately $484,000, and the average asking price for a new singledetached home in Milton in April 2014 was $574,000 (as per RealNet Canada Inc). Overall, builders are asking about $240 per sq. ft. for lowrise housing in Milton and $290 per sq. ft. for highrise condos (as per Urbanation Inc). The 20-per-cent price gap between the lowrise and highrise pricing was the lowest among the GTA municipalities I surveyed. With the potential expansion of Wilfred Laurier University in Milton, and the lack of affordable housing options in the town, Fortress continues to explore opportunities there for condominium or rental apartments. The average single-detached home completed in Brampton in 2013 was $577,000, and developers are now asking $741,000 on average for fully detached homes as of April 2014. Lowrise new housing in Brampton is being offered at about $235 per sq. ft. in 2014, with highrise condominiums priced at $295 per sq. ft. on average. The $60-per-sq.-ft. price gap was the second-lowest among the GTA municipalities surveyed. As traffic in Toronto gets worse and the suburban commute continues to deteriorate, we believe there will be opportunities to build highrise projects close to GO stations in 905 locations; and downtown Brampton has potential to experience higher density growth that supports these commuters in the future. In Mississauga, a new single-detached home that completed in 2013 sold for $955,000 on average according to CMHC. The average new single-family home in 2014 was being offered at $1.38 million! Lowrise housing in Mississauga is going for $330 per sq. ft., while highrise clocked in at $425 per sq. ft. on average in Q1-2014. Mississauga was the third highest suburban lowrise market for prices (among the areas I surveyed), but just the fifthranked market for highrise prices – the only municipality with such a gap in rankings. The improved transit planned for downtown Mississauga and the major revitalization of the waterfront at the Inspiration Lakeview site should bode well for condominium apartment values in the city, especially projects in proximity to those two areas. I continue to look for opportunities for Fortress Real Developments and the investors in the Fortress Real Capital product, and the only way to do that is to explore as much data as possible, and try to get a sense of the driving forces behind growth in real estate prices. Let me know if you agree with this ‘undervalued’ list via twitter at @benmyers29. Happy condo hunting.
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JUNE 7 - 21, 2014 NEW CONDO GUIDE 033
make your move
// by Stuart Smith
BUSIEST MOVING DAY OF THE YEAR
Stewart Smith is franchisee/owner of Two Men And A Truck Canada - Newmarket and Aurora. Call 905.952.2229 or visit twomennewmarketaurora.ca. Two Men currently operates in the U.S., Canada, Ireland and the UK with over 260 locations and 1,800 moving trucks. The company enjoys a 96 per cent customer referral rating. Visit twomenandatruck.ca.
I
f you are planning to move at the end of June and haven’t booked a mover, you could be out of luck. Traditionally, June 30 is the most popular day of the year for Canadians to move. The most recent Census (2011) reports that 4.3 million Canadians move annually, which
is just around the corner
amounts to 1.6 million families – 13 per cent of whom choose the month of June. About a third of those pick June 30 as their moving date, so in Toronto alone, that amounts to 30,000 people doing the box-truck shuffle in that 24-hour period. Why the big exodus on this one specific day? In our experience, weather tops the list of reasons. It’s more pleasant to move after the cold and snow of winter are behind us, and before the major heat of summer kicks in. Of course, no one can predict what Mother Nature will hand us on any given day, but usually there is less chance of rain at the end of June as well. Keep in mind that moving just before the long weekend in July means families have an extra day to begin unpacking and get settled before they have to go back to work. By waiting until late June, parents avoid disrupting their children’s school year. The end of June marks the mid-year renewal deadline for property taxes and rental leases, so for many people, the timing is optimal. If June 30 is your moving day, here are some tips to make moving a less stressful and more pleasant experience: ›› BOOK YOUR MOVER NOW! You may find that many companies are already fully booked for that day, but the earlier you start calling, the more chances you’ll get a reliable firm to help. ›› CONSIDER USING A MOVER TO PACK YOU. Time is running short, and Two Men And A Truck has packing down to a science. Remember, it’s as important to us as it is to you to get your possessions to your new home safely and in pristine condition. ›› REFER TO A CHECKLIST TO MAKE SURE YOU REMEMBER ALL THE THINGS YOU HAVE TO DO. Changing addresses, notifying utility companies, enrolling kids in their new schools, arranging for pets and small children to be cared for during the move. Checklists are easily available online. You can find ours at twomenandatruck.ca/your-moving-checklist-planyour-move. ›› PARE DOWN POSSESSIONS AS MUCH AS POSSIBLE. No use moving stuff that you will just throw out or give away after. When it comes to moving, the extra effort up front goes a long way, and when you choose to move on June 30, it takes you even farther toward a safe, successful and fulfilling experience.
034 new Condo Guide june 7 - 21, 2014
URBAN SUITES AT WORLD ON YONGE
OCCUPYING THIS FALL Over 30,000 square feet of Amenity Space awaits you…
BAYVIEW AVE.
AVE . DON CAS TER
Choose from suites overlooking the Green Roof Terrace, a new Meadowview Park or the Landscaped Courtyard. Visit us today at 7181 Yonge St., Unit 60 (just north of Steeles).
YONGE ST.
ONLY 5% DOWN FOR A LIMITED TIME!
JOHN ST.
*
STEELES AVE.
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 JUNE 7 - 21, 2014 NEW CONDO GUIDE 035
LIBERTY
SUMMER FREEDOM EVENT
www.MyLibertyCondo.ca 036 NEW CONDO GUIDE JUNE 7 - 21, 2014
PUT DOWN A
AND PAY ONLY
5 000 1 000
$ ,
DEPOSIT
$, /MONTH
*
WESTON RD. & HWY. 7 FROM THE $280’s 905-851-8877
BATHURST & CENTRE ST. FROM THE $280’s 905-731-8302
* Limited Time Only. 24 month program for Legacy Park. 36 month program for Centro Square. See Sales Representative for complete program details. All renderings are artist concept. Prices, specifications, and availability subject to change without notice. E. & O.E. Brokers protected.
JUNE 7 - 21, 2014 NEW CONDO GUIDE 037
legally speaking
// by jayson Schwarz
the truth about family trusts
Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit schwarzlaw.ca or send an email to info@schwarzlaw.ca and give us your questions, concerns, critiques and quandaries.
W
hen people hear the words “Family Trust” or “Florida Trust,” they immediately think of wealthy, old-money families such as the Kennedys. The truth is that trusts are simply a second layer of estate planning, over and above a will, for people who have assets that they want distributed on an ongoing basis after death, or even during life. In addition, trusts are an effective way of reducing
the tax liability of your estate while still allowing you, or whoever you designate, to be in control of your assets. A trust is brought to life by a trust document, that creates an entity able to operate on the surface as a separate individual, capable of holding assets and/or operating a business. Instead of shareholders, it has beneficiaries for whom the assets must benefit, and trustees who follow a set of rules that are crafted by the lawyer to satisfy your needs that describe how the trust shall be operated and for whose benefit. Unlike a will, which says who gets what after death, a trust allows you to plan your succession with a view to minimizing or delaying tax and government administration fees. In addition, putting your assets into a carefully structured trust will allow you to control your estate after death. Trusts may be used while you are alive to split income amongst family members and others to minimize your own income tax burden. Trusts have a wide variety of uses, and for this reason, several different types of trusts have been developed. Trusts can range from the very simple to the very complex. Trusts can vary from document to document as to their effect, complexity and use. The following are but a brief sampling of different kinds of trusts:
›› TESTAMENTARY TRUST It is possible to create a trust within your
will by specifying how certain assets will be handled and then distributed after your death. As an example you can stipulate how minors will receive certain bequests and how assets may be invested. ›› SPOUSAL TRUST It can be included in a will or as a separate document in order to place some or all of your assets into the trust prior to death purely for the benefit of your spouse in order to avoid the estate tax. You could provide your spouse a life interest in order to enjoy the assets yet preserve them for the children. ›› FAMILY TRUST This trust is used during your life for any number of purposes: as a personal and corporate succession planning tool, as a discretionary, flexible tax-planning tool and for creditor protection. ›› HENSON TRUST This trust is designed to allow disabled persons receiving disability benefits to protect their assets and those benefits. ›› INTERNATIONAL OR FLORIDA TRUST This can be an important planning tool for Canadians who are looking to purchase property, in Florida for instance, insulating you from U.S. estate taxes on death. Consult with a lawyer and accountant experienced in trusts to determine which kind is right for you and your family. Trusts are dynamic and useful tools that allow flexibility, peace of mind, succession planning and tax planning, now and in the future.
038 new Condo Guide june 7 - 21, 2014
GO NORTH and discover how Daniels is making it easier than ever to live the High Park lifestyle! INCREDIBLE CASH INCENTIVES*
WHERE MODERN URBAN MEETS MOTHER NATURE
FREE PARKING AND LOCKER* LIVE FREE WITH NO INTERIM
Sophisticated Suite Finishes • Dog Spa OCCUPANCY FEES* Unique Resident Bike Program • Gardening Plots Indoor/Outdoor Fitness Studio • Climbing Wall ONE YEAR FREE MAINTENANCE* Party Room with Outdoor Terrace and View of High Park and Beyond • Quick and Easy Access SUITES FROM THE to Two Subway Stations and Much More
$300,000s
ER ND Y U TI O N D A UC RE R AL N ST O C
Visit our Presentation Centre: 2150 Bloor Street West Hours: Mon, Tues & Thurs: 12-6pm Wed: 12-8pm Sat, Sun & Holidays: 12-5pm Friday: closed
Nestled within one of Toronto’s most desirable neighbourhoods, steps to 399 acres of nature in High Park and the boutique shops and restaurants in Bloor West Village. HighPark Condominiums is one of the most successful selling communities in the GTA.
DON’T WAIT ANSWER THE CALL OF THE NORTH 416.351.1844 danielshighpark.com
GO NORTH and become part of the success.
*GO NORTH program is only available on north facing suites. No interim occupancy fees up to a maximum of 6 months. Parking and locker incentive only available on suites over 535 sq. ft. Limited time offer. Conditions apply. See sales representative for full details. Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers Protected. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept.. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without written permission of The Daniels Corporation, is strictly prohibited. See Sales Representative for full details. E. & O.E
JUNE 7 - 21, 2014 NEW CONDO GUIDE 039
condo profile
DANIELS INVITES YOU TO GO NORTH AND DISCOVER
how easy it is to live the High Park lifestyle
040 new Condo Guide june 7 - 21, 2014
f
or new home value in a spectacular Toronto location, The Daniels Corporation holds the compass and can point you in the right direction. Go north to HighPark Condominiums! Already under construction, this is one of Toronto’s most coveted new communities, and location tops the list of reasons why. It is situated in the established neighbourhood of Bloor West Village between Oakmount Road and Pacific Avenue, and directly across the street from the city’s largest urban park – High Park. The residence is also steps to subway stops and fabulous Bloor West Village with its eclectic shops, markets, bakeries and eateries. City and park views from the suites will be breathtaking. And if value is also on your list of musthaves, you’re getting warmer. Prices begin from the $300,000s, which is phenomenal for a brand new condominium in this location. Plus, Daniels is making it easier than ever to become part of this highly desirable neighbourhood.
Spanning three floors, this incredible club offers the opportunity to challenge yourself at the rock-climbing wall and weight studio, unwind in the sauna, enjoy a flick in the home theatre, and exercise your green thumb in the outdoor gardening plots
For a limited time all of the north-facing suites receive a cash incentive, free parking and locker, one year of free maintenance, and you can live free with no interim occupancy fees (some restrictions apply; see a sales representative for full details). Once complete, residents at HighPark Condominiums will be able to enjoy 18,000 sq. ft. of amenities at The Parkside Club. Spanning three floors, this incredible club offers the opportunity to challenge yourself at the rock-climbing wall and weight studio, unwind in the sauna, enjoy a flick in the home theatre, and exercise your green thumb in the outdoor gardening plots. On the third floor, you will find a cardio studio, indoor/outdoor yoga and Pilates studio, party room, billiards room and outdoor barbecue lounge, sun deck and picnic area. The 10th floor will include the social room with a catering kitchen, the outdoor terrace, and indoor/outdoor fireside lounge and sun deck with panoramic views of High Park and city lights. Topping off the amenities list, Daniels has added a car-share program and a unique resident bike engagement/bike share program at HighPark Condominiums to encourage riding. But that’s not all. Anchored by a landscaped courtyard on Bloor, HighPark Condominiums will feature a single-storey glass pavilion where over 15,000 sq. ft. of retail space will offer the epitome of convenience. In the lobby, residents will be welcomed home
and can access 24-hour concierge service and take advantage of the handy dog-washing station after walks in the park. Suite choices range from studio to three-bedroom layouts in sizes from 320 to 1,047 sq. ft. Features and finishes include stainless steel appliances and quartz countertops in the kitchen, marble countertops and porcelain flooring in the bathroom. The Daniels Corporation (danielshomes.ca) is one of Canada’s preeminent builders/developers, building more than 25,000 new home communities across the GTA over 32 years. Daniels was named the Tarion Warranty Corporation’s 2012 Ontario High Rise Builder of the Year, and was the recipient of the 2012 Toronto Arts and Business Award presented by the Toronto Arts Foundation. Among its many initiatives, Daniels was chosen to partner with Toronto Community Housing to revitalize Regent Park – 69 acres in Toronto’s Downtown East. Committed to community, Daniels offers innovative programs that help people achieve home ownership, champions neighbourhood initiatives that enhance quality of life, and supports numerous charities and non-profit organizations. It’s time to go north! Take advantage of these incredible incentives and a location “Where Modern Urban Meets Mother Nature.” Head to Daniels’ HighPark Condominiums presentation centre at 2150 Bloor St. W., open Monday, Tuesday and Thursday from noon to 6 p.m.; Wednesdays from noon to 8 p.m.; weekends and holidays from noon to 5 p.m. Call 416.351.1844, or visit DanielsHighPark.com. june 7 - 21, 2014 new Condo Guide 041
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DIGITAL DEVICE anytime, anywhere! Now you can view all New Condo Guide magazines online using any smartphone, tablet or desktop device. Published by
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JUNE 7 - 21, 2014 NEW CONDO GUIDE 043
044
045
in the news
River city 3 strikes Toronto’s skyline with extreme architecture Set to be the pinnacle of an already noteworthy development, Urban Capital is thrilled to launch the third phase of River City, RC3, in Toronto’s burgeoning West Don Lands community. Located in an urban oasis of parks and public spaces just minutes from the downtown core, RC3 is a striking tower of monumental design. Collaborating with some of the industry’s best including Montrealbased architects Saucier + Perrotte, designer Graham Hill, and landscape architect Claude Cormier, developer Urban Capital has created an impressively intelligent, visionary condominium designed for excellent livability and maximum sustainability. “River City phases one and two created a new architectural language and now, the third of the four-phase development pushes that daring design to dramatic heights,” says David Wex, partner, Urban Capital. “Idiosyncratic and bold, River City 3 will become the signature building in an already eye-catching development in downtown’s fast rising east end.” Bringing extreme architecture to 046 new Condo Guide june 7 - 21, 2014
Toronto’s historic West Don Lands neighbourhood, RC3 presents an invigorating design of cantilevered suites at varying lengths and heights. With 29 storeys, the LEED Gold complex of 330 loft-style condos offers a diverse range of interior amenities including a 2,000-sq.-ft. gym, fitness and yoga centre; a double-height common room equipped with a show kitchen; an eclectic reading room with bean bags; a tool-equipped hobby and crafts room; a children’s play space and guest suite. The condo’s outdoor amenities complement its surroundings with a luxurious landscape design by Claude Cormier, including a sloped lawn affording spectacular city views, and a goldtiled lap pool. Following up on Urban Capital’s huge success with Toronto’s first micro condos, Smart House, RC3 includes cleverly designed Smart House-style kitchens, developed collaboratively with AyA Kitchens to maximize functionality and fit perfectly within each suite. Urban Capital has also brought on designer Graham Hill, internationally
celebrated for his ground-breaking ideologies of urban space, to design the interiors of 20 exclusive units, recognized as the “Graham Hill Collection.” Ideal for the urban naturalist, RC3 offers the best of both urban living and the great outdoors in a dynamic up-and-coming neighbourhood. Bistros, boutiques and transit links are conveniently located steps from the building’s front doors. Across the street lies the stunning Corktown Common – 18 acres of meadows, woodlands, outdoor fire pits, dog runs, sports fields and access to the many miles of Don River Trails. Adjacent is Underpass Park – a truly innovative outdoor “urban park” of playgrounds, art installations and landscaping sheltered beneath the RichmondAdelaide ramps. Juxtaposed urban living and community mindfulness affirms RC3 as the new standard of 21st century condominiums. URBAN CAPITAL, the developer behind River City and the visionary responsible for Toronto’s first micro condos, Smart House, is an innovator with an international reputation for architectural design and environmental sustainability. Working in partnership with top architects, designers and planners, the company is widely recognized for its role as an urban regenerator that pioneers developments in previously industrial or under-used areas. Named in 2011 as one of the top 10 condo developers in Toronto, Urban Capital has developed over 5,000 condominium units while being a catalyst for positive urban change in Toronto, Ottawa, Montreal, Winnipeg and Halifax. Urban Capital won the right to develop River City following an international competition run by Waterfront Toronto in 2006.
Visit rivercitytoronto.com for additional information.
JUNE 7 - 21, 2014 NEW CONDO GUIDE 047
Industry Insider
// By David Hirsh
More than meets the eye
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.
T
he new-home industry is comprised of a myriad of suppliers, consultants and a broad cross-section of businesses that collaborate to deliver your new home. From architects and surveyors to estimators and interior designers, every new community requires input from experts specializing in various disciplines. This comprehensive team effectively and efficiently plans and executes every element. The process will often take place a year or more before you ever step foot into a sales office – and while the effect of what these professionals bring to the table is evident in the finished community, often their work goes on out of sight and behind the scene. Each new home and condo has a positive impact on the economy. In fact, in Canada, the new-home
048 new Condo Guide june 7 - 21, 2014
industry is the largest overall contributor. From the initial stages of development, down to the construction of every new home, there are hundreds of people employed who ensure that every detail is addressed. Those looking for their first home and long-time homeowners alike are often unaware of the extent of the back-end planning that shapes their new community. By the time you sign an Agreement of Purchase and Sale, the big picture has been sorted and things are well underway. However, there’s still a chance that your occupancy date may be delayed. Much like the initial planning stages, construction requires the coordination of many trades and suppliers, and most delays are unavoidable. Interruptions in construction schedules may occur due to inclement weather. For instance, concrete can’t be poured and cured in extreme temperatures. Excessive snow and rainfall may also be a factor. On the other hand, delays may also arise due to material or labour shortages. In the case of any delay, your builder is responsible to keep the lines of communication open and let you know what to expect. As a new homeowner in Ontario, you’re protected by Tarion and the rules outlined under the Ontario New Home Warranties Plan Act. When purchasing a new home or condo, you’d be wise to make yourself familiar with this coverage by visiting tarion.com.
As a new homeowner in Ontario, you’re protected by Tarion and the rules outlined under the Ontario New Home Warranties Plan Act It’s also helpful to know that some features of your new home or condo might not be complete when you move in. While you would never be expected to move into a new home without the essentials in place, some items that won’t directly impact your quality of living may not necessarily be complete. For highrises, often common areas and sometimes amenities aren’t finished at the time of first occupancy. Corridor carpet isn’t typically installed until occupancy is almost complete, to avoid potential damage caused by so many moving in. And, it just makes sense that the yards of new lowrise homes that close in the middle of the winter will not be sodded until the spring. It’s thing to remember is that new homes and condos have more benefits than initially meet the eye, including better construction with state-of-the-art building envelope design, high levels of insulation and energy-efficient appliances, heating and air conditioning systems – often which make delays easier to handle.
LIVE AT STUDIO BE DOWNTOWN SUITES FROM THE
300’S
$
5%
UNDER CONSTRUCTION EARLY 2015 CLOSINGS
UNDER CONSTRUCTION EARLY 2015 CLOSINGS
DOWN PLUS
ONE YEAR FREE
MAINTENANCE FEE OFFER VALID ON ALL REMAINING SUITES.
Nelson St.
University Ave.
Simcoe St.
Duncan St.
Spadina St.
Richmond St.
PRESENTATION CENTRE
Adelaide St.
Presentation Centre: 25 Nelson Street, Toronto Mon. – Thurs.: 1pm – 7pm, Fridays: Closed Sat., Sun. & Holidays: 12pm – 6pm
Brokers Protected, Limited Time offer. See Sales Rep for full details. Prices, Specifications and programs are subject to change without notice. Illustrations are artists concept. E & O.E. *Provided the purchaser completes the transaction on the contemplated unit transfer date the purchaser shall receive a credit on the statement of adjustment in the amount equal to 12 monthly common expense fees relating to the unit and any parking or storage applicable. Deposit 5% down and 10% due on occupancy.
studiocondos.ca • 647.352.7736
Mortgage Matters
// by alyssa richard
Bridge financing:
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.
I
t’s unlikely that the first home you buy will be the one you stay in forever. At some point, you’ll want to sell and buy a new home – either to upsize, downsize or move to a new location. And when you find yourself in that situation, there’s a good chance you’ll be relying on the equity from your existing home to help you purchase your next one. Unfortunately, you could get stuck in a situation where the closing date for your new home is before the closing date of the home you’re selling, which leaves your down payment tied up in equity. Mortgage brokers estimate that 20 to 30 per cent of Canadian homeowners find themselves in this predicament; if you’re one of them, bridge financing is the tool that can help you out of it. How does a bridge loan work? Well, let’s say the closing date for 050 new Condo Guide june 7 - 21, 2014
What is it and how can it help you?
the home you’re buying is 40 days before the closing date for the home you’re selling. A bridge loan is simply a loan for the amount of equity you want to take from your existing home that covers you for those 40 days. Bridge loans are automatically repaid when your sale goes through and your equity is put against the mortgage on your new home. Because bridge financing is so common, all of the big banks offer it to their mortgage customers. (Note that some smaller lenders and credit unions do not.) Most lenders are comfortable lending up to $200,000 for as many as 120 days. If you require a larger loan or an extended period of time, you may need to hire a real estate lawyer, which makes the financing process more expensive, as legal fees will be involved.
To qualify for a bridge loan, all you need is a copy of the Sale Agreement from your existing home and the Purchase Agreement for your new home Of course, as much as a bridge loan is meant to help you out with your home purchase, it is still subject to interest – often at a rate similar to an open mortgage or a personal line of credit (such as prime plus two or three per cent). The interest rate may seem high, but remember it’s only charged for a short period of time, before the equity from your first home will be available to repay the loan. Your lender may also charge a flat administration fee in the range of $200 to $500. To qualify for a bridge loan, all you need is a copy of the Sale Agreement from your existing home and the Purchase Agreement for your new home. Oh, and firm closing dates on both properties – without them, you may need to get a bridge loan from a private lender, who will charge you a much higher interest rate than what one of the big banks would. Good luck!
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.
JUNE 7 - 21, 2014 NEW CONDO GUIDE 051
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 052 NEW CONDO GUIDE JUNE 7 - 21, 2014
APRIL 12 - 26, 2014 NEW CONDO GUIDE 052
JUNE 7 - 21, 2014 NEW CONDO GUIDE 053
in the news
New home sales continue to climb! NEW-HOME SALES IN THE GTA REMAIN STRONG as April figures show continuous improvement over 2013, the Building Industry and Land Development Association (BILD) announced recently. According to RealNet Canada Inc., BILD’s official source for newhome market intelligence, the GTA saw 3,243 new-home and condominium transactions in April – a 17-per-cent increase over April 2013. Total year-to-date sales
APRIL 2014
increased 46 per cent from 2013. Sales of detached, semis and townhomes were up 83 per cent and sit just below the 10-year average. Highrise sales were down 19 per cent from 2013, due largely in part to limited new project launches in April. “Our industry continues to build quality, complete communities that people can afford to purchase,” said BILD president and CEO Bryan Tuckey. “Year-to-date sales are well above the 10-year average, which means GTA residents continue to view the highrise market as an affordable path to homeownership.” According to the RealNet New Home Price Index, the average price of a lowrise home increased six per cent to $667,667 while the average price of a highrise home grew one per cent to $437,366. With more than 1,400 members, BILD is the voice of the land development, home building and professional renovation industry in the GTA. BILD is proudly affiliated with the Ontario and Canadian Home Builders’ Associations.
LOWRISE
HIGHRISE
TOTAL
REGION
2012
2013
2014
2012
2013
2014
2012
2013
2014
Durham
271
166
274
7
3
12
278
169
286
Halton
170
76
242
148
215
67
318
291
309
Peel
713
391
485
328
139
44
1,041
530
529
Toronto
62
62
126
2,245
1,253
1,189
2,307
1,315
1,315
York
606
293
678
210
170
126
816
463
804
GTA
1,822
988
1.805
2,938
1,780
1,438
4,760
2,768
3,243
6,382
3,620
5,767
6,730
4,725
6,411
13,112
8,345
12,178
Jan-April
Source: Real Net Canada Inc.
054 new Condo Guide june 7 - 21, 2014
IT’S BACK. DON’T MISS OUT.
E-A-S-Y
THE OWNERSHIP PROGRAM:
CAN YOU AFFORD TO BUY AT THE STATION? YES YOU CAN!
These days, with rent on a 2-bedroom apartment in Toronto reaching $2,000/month and beyond**, saving for a down payment can feel next to impossible. But at The Station, our new deposit structure* makes saving a snap. So not only can you afford to buy your own place, but the place you call home can be at North York’s award winning record-breaking development. Here’s how it works.
LET’S SAY YOU’RE LOOKING AT ONE OF OUR EXCEPTIONAL 2 BED + 2 BATH SUITES. YOU GET:
• • • • • •
A sweet corner unit An enormous 175 s.f. balcony Granite countertops Euro-style appliances A window in the master ensuite A place you won’t grow out of
YOU PUT DOWN
$10,000
THE PRICE IS A COOL $450,000, SO SAY YOU PUT DOWN 10% 10% DOWN = $45,000
10%
SOUNDS SCARY, RIGHT? BUT HERE’S WHAT THE STATION WILL DO FOR YOU.
$450,000
WE’LL MATCH THAT
$10,000 = $20,000
WITH A $10,000 DISCOUNT OFF THE PRICE OF YOUR CONDO.
Just like that, in 13 months, your down payment will be done and you’ll be the proud owner of an amazing new condo with expansive Terrence Lukas-designed interiors, spacious balconies, and amenities like The Studio Club, fitness centre and the city’s first indoor/outdoor heated party rooms.
ONLY $25,000 TO GO.
FOR THE NEXT 13 MONTHS, YOU PAY JUST $962/MONTH TOWARD THE DOWN PAYMENT AND WE’LL MATCH IT WITH AN EQUAL $962 DISCOUNT OFF THE PRICE OF YOUR CONDO.
SAFE – The Station is already under construction. SMART – Easy subway access and a 20-minute ride to downtown, mean condos at The Station will always be in demand. GREAT DEAL – With this innovative down payment plan you can finally afford to own your own place.
RUN. WALK. SUBWAY. HURRY. UNDER CONSTRUCTION.
WILSON SUBWAY
YORKDALE MALL
TIPPETT RD
ALLEN
RD
WILSON AVE
HWY.401
YORKDALE SUBWAY
416.398.9777 THESTATIONCONDOS.COM
On Tippett Road, south of Wilson Avenue / Mon to Wed 12–6pm Sat + Sun 12–5pm *Conditions apply. On select suites only. See sales rep for details. Prices, specifications and deposit structures are subject to change without notice. E. & O.E. Exclusive Listing Brokerage: The Condo Store Realty Inc., Brokerage. Brokers protected. Illustration is artist’s impression. **Source: theglobeandmail.com
JUNE 7 - 21, 2014 NEW CONDO GUIDE 055
Single entry lounge pass starting from $33.25 tax inclusive ($24.50 children ages 2 – 11) for 2 hours lounge use. 3 hour and 6 hour lounge use also available** ** Online bookings only; higher rates apply for walk-in lounge use
All amenities are included in the price of entry including bar service after 11:00 a.m. (Toronto, Vancouver) and 10:00 a.m. (Edmonton)
For online bookings go to www.plaza-network.com/booking/FlightInfo.aspx?ECONREF=W2W2014
FROM THE DE VELOPER THAT BROUGHT YOU
JUNE 7 - 21, 2014 NEW CONDO GUIDE 057
in the news
A lot to celebrate at
RONCESVALLES VILLAGE HOWARD PARK 2 PICTURED left
Mario Ribiero, principal at Triumph Developments, enjoys a tasty treat from the Tiny Tom Donuts truck PICTURED below
Registrants were impressed with the floor plans and other details of Howard Park 2 Condominiums
Eager new-home shoppers showed up in droves to the recent
neighbourhood celebration at Roncesvalles Village Howard Park 2. Triumph Developments’ second phase of the successful community at Howard Park and Roncesvalles Avenues in Toronto is attracting buyers of all ages. Those who attended the celebration enjoyed music, refreshments from the local restaurant Barque, delicious bits from a Tiny Tom Donuts truck, treats from local chocolatier Chocolateria, and even face-painting for kids as they explored the presentation centre, and everything this new condominium has to offer. The excited buzz was contagious, with visitors having fun as they gathered information. Howard Park 2 follows hot on the heels of the first phase, which is now sold out and under construction. Both intimate eight-storey buildings will be connected by an open-air European-inspired courtyard. The surrounding established neighbourhood features public transit access, and residents can look forward to the new Union-Pearson Airport Express making one of its two stops only a four-minute walk away. The community is also close to sports fields, schools, hospitals, High Park, shops and restaurants. In addition to earning a Walkscore of 98 out of 100, Howard Park condominiums will
include retail at its base, for the ultimate in convenience. The condominium will also feature executive concierge services, a party room and lounge area, and an equipped fitness/yoga centre. RAW Design came up with unique architecture featuring private terraces with gas hook-ups and landscaping by Ferris + Associates. The building’s skin is perforated to accommodate vines growing up its height, creating an organic “wall” of greenery. With sustainability in mind, Howard Park is one of the only multi-unit residences in Toronto to be heated and cooled via Tier 2 geothermal heating. This cost-friendly system draws energy from beneath the ground, which is 55ºF all year long. The 96 suites at Howard Park 2 are available in one-bedroom, onebedroom-plus-den, two-bedroom and two-bedroom-plus-den designs, and there is a limited collection of two-storey townhomes available. Luxurious appointments include nine-ft. ceiling heights (10 ft. on the eighth floor), engineered hardwood flooring, and high-tech kitchens complete with natural gas. Valuepacked prices begin from the low $300,000s. Howard Park is being built by Triumph Developments, a wellrespected firm known for quality building and attentive customer service for over 25 years. Visit online at howardpark.ca, email info@howardpark.ca or call the sales office at 416.873.0989.
058 new Condo Guide june 7 - 21, 2014
AV E
City living that’s a step up.
RO
N
CE
SV AL LE S
GRAND OPENING SATURDAY, JUNE 14TH
HOWARD PARK AVE
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 95 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.
BE PART OF THE RONCESVALLES COMMUNITY. NOW OPEN AT 60 HOWARD PARK AVENUE SAT-SUN 12-5 PM MON-THURS 12-6 PM
HowardPark2.com 416.873.0989
Roncesvalles Ave
Bloor St W
Du
nd
as
St
W
Howard Park
Exclusive listing: Milborne Real Estate Inc. Brokers Protected. Rendering’s is an artist’s impression. Specifications are subject to change without notice. E.&O.E.
JUNE 7 - 21, 2014 NEW CONDO GUIDE 059
Designer Advice
in between
seasons, spaces in between
// by Yanic Simard // photos by ted yarwood
060 new Condo Guide june 7 - 21, 2014
Summer is coming! The warm weather is slowly setting in outside – it’s only natural to want to enjoy this sunny feeling indoors as well. With these design tips, you can to start to enjoy the great outdoors immediately!
Branch out » Florals are experiencing a huge revival, updated from the overly fussy patterns we associate with granny’s curtains, to become contemporary, organic touches of natural beauty. In this dining room space, I used an elegant, leafy wallpaper to draw a connection to the outdoors, and then continued it into the kitchen to visually link the two rooms. For a similar effect try Graham & Brown’s “Claire” or “Harem Tulips” prints. Visit grahambrown.com.
Florals are experiencing a huge revival, updated from the overly fussy patterns we associate with granny’s curtains, to become contemporary, organic touches of natural beauty.
» Did you know that wallpaper can make a beautiful backsplash? By itself of course it’s a little impractical, but adding simple glass panels over top gives an easily cleaned surface while letting the paper shine through. This way, you can use one favourite print throughout, or choose a special accent to create a unique backsplash feature. Keep your options open » Sometimes the best way to introduce fresh, fun colour in a space is to start with none at all – keeping your fixed elements neutral gives you a flexible backdrop for ever-changing accents to suit your moods. You’ll see, however, that doesn’t mean I let these spaces be boring: introducing variety through patterns, textures, and different materials (such as the wood table and clear plastic chairs) gives even a neutral palette lots of depth and visual interest year round. » Once you have this beautiful neutral canvas, introduce colour through accessories. Live plants add a friendly infusion of green to liven up your dining table or countertop. Removing the doors from a standard cupboard creates an open shelving display for colourful dishes and glassware – just keep the doors stashed away for later. Add a few beautiful books or an oversized vase, and suddenly you’ve got a whole colour scheme you can switch up at any time. june 7 - 21, 2014 new Condo Guide 061
» W hether you have a wall full of windows around a patio door or a small sliver of glass, keep the view as open as possible by hanging a simple sheer over top. By draping the full wall you help blur the line between the walls and windows, making the warm light the focus, and preserving the sightlines while also maintaining your privacy. Place the rod just below the ceiling and run the fabric to just above the ground, for a clean, contemporary effect. Sing the blues » Blue and green (which is half blue) are both natural hues that we are used to seeing in the world in a tone-on-tone effect, so they make great nearneutrals and work especially well when combined in multiple shades. This makes it especially easy to slowly add an accessory collection over time (as you happen across different stores) without wondering about whether pieces will “match.” If you stick to the blues, you won’t have a worry in the world.
Blur the lines » I love pieces that can work indoors and out, such as the classic Bertoia dining chair (pictured above). The open metal frame makes a mid-century statement inside, but is totally practical outdoors, so it can be moved to wherever you want extra seating. Other pieces such as ceramic garden stools, stone-topped bistro tables, or clear plastic stackable chairs provide equal flexibility – consider investing in these even in the colder months and love them all year round. 062 new Condo Guide june 7 - 21, 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.
Y RD N O PPA M R HE N re t A n H E S PE e C AG W O tion ,500 L VIL NO senta $177 re rom P ur ng F O it arti s i V St
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All prices, sizes and specifications are subject to change without notice. Rendering’s are artist’s impression only. E. & O. E.
Site & Sales Office Location: 3260 Sheppard Avenue East Toronto, ON M1T 3K3
condo sense
Top 10 tips for a
successful downsizing sale If you’re gearing up for a move
into a smaller space, the downsizing process can be overwhelming – especially if you’ve lived in a large house for many years. Selling the house, clearing out household clutter and deciding the fate of used furniture, artwork and other items of value will be the biggest challenge many will face. The desire to maximize the value of many years of memories becomes especially predominant. However, with a little selling knowhow, solid marketing and a few helping hands, anyone can conduct their own successful contents sale. “You’ll be surprised as to what people will actually buy. One person’s trash is another person’s treasure. Others will try to sell the items on their own, while still others will hire a firm to assist with the process,” says Laura Convery, manager of Senior Services at Transition Squad, a turnkey company specializing in helping seniors downsize their homes, from organizing, cleaning and clearing the home, selling the contents through physical estate sales, online auctions and Transition Squad’s consignment store, through to donation and junk removal, as well as auctioning off the home itself online.
064 new Condo Guide june 7 - 21, 2014
Convery offers these 10 tips for DIY downsizing sale success: 01. Think like a buyer, and set up your sale accordingly. 02. The success of your sale will depend on three things: marketing to attract people; selection; and attractive prices to get people to buy. 03. W hether it’s fine furniture, glassware, kitchen gadgets, appliances, garden tools, plants, linens or clothing, your sale should become a veritable department store at bargain prices, staged to catch people’s eye. 04. Set prices low enough to be attractive, but not so low that you are giving things away at far less than what people would be willing to pay. 05. A contents sale is really a full house version of a garage sale. Things are spread throughout the entire home, not just in the driveway. Recruit family and friends you trust to cover the entire home as salespeople, and for security to avoid theft. 06. Be prepared to negotiate. Negotiating prices is the foundation of every contents sale. Buyers expect it, and a lack of willingness to negotiate may cost you a lot of unsold items by frustrating buyers. 07. Valuables like gold, precious stones or signed artwork should be tested and appraised, or left out of the sale. You may need to find more specialized sources to sell these valuable items. 08. Advertise in the community paper, on social media forums, and tell as many friends, family and neighbours as possible to spread the word. Forty to 50 per cent of your buyers will come from road signs, so ensure they’re large, with proper messaging and strategic placement. 09. Prepare a fanny pack for each staff member with a cash float to keep the sale running efficiently and smoothly. 10. Hand out tickets starting an hour or so prior to the sale to allow access on a first come, first served basis. Make sure to only allow enough people in at a time to follow fire department regulations. The Estate-Sale-In-A-Box toolkit can be purchased from Transition Squad and contains everything you need to conduct a successful contents sale, including a step-by-step guide, one-on-one training, toll-free support, advertising and marketing, a custom dedicated web page to showcase sale items in advance, a sign placement map, pricing assistance and a local eblast. For additional information, visit TransitionSquad.com.
NEXT STOP: TOTEM CONDOMINIUM
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your own pad. it doesn’t get more central than this. Totem is close to everything. You’re steps from Wellesley Station (there’s actually a private secured entrance into the subway for Totem residents only), and a short walk to whatever you need – from the friendly restaurants and businesses in the Village to the sleek shops on Yorkville’s Mink Mile, from Ryerson and U of T campuses to the government offices and hospitals at Queen’s Park. YOU’VE GOT THE CITY AT YOUR FEET. A TRUE WALKERS’ PARADISE SCORING A PERFECT 10 ON WALKSCORE.COM
construction starts this year!
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YONGE ST
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now open at 17 dundonald PRESENTATION CENTRE and MODEL SUITE MON-THURS 12-6 PM SAT & SUN 12-5 PM FROM THE LOW $300’S
TotemCondos.com 416.792.1877
*Offer valid to July 3rd, 2014. EXCLUSIVE LISTING: BAKER REAL ESTATE INCORPORATED, BROKERAGE. BROKERS PROTECTED. RENDERINGS ARE AN ARTIST’S IMPRESSION. SIZES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITH NOTICE. E.&O.E.
JUNE 7 - 21, 2014 NEW CONDO GUIDE 065
Condo Living
// by SHLOMO SHARON
Budget & Condo fees
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.
Y
ou’ve purchased a condo and have volumes of papers to take to your lawyer. Before you do, take a look at the budget which is attached to your documents. This budget will serve as the basis for your monthly condo fees. You may wonder how this budget was prepared and where did these numbers come from? The preparation of the condominium’s first year’s budget is done well before the developer markets the condo to the public. This information usually comes from a variety of sources: the developer himself, the engineer, the surveyor, the lawyer, the insurance agent and from the designated property management company. This information will include the size of the building, the number of units,
066 new Condo Guide june 7 - 21, 2014
parking spots and storage lockers, and what utilities are included as part of the common element fees. Don’t forget about the insurance quote and professional fees, which cover legal, accounting and auditing costs. The cost of utilities is based on experience with similar buildings in size and type (highrise versus townhomes). However, the cost can vary depending on the demographics of the building, like the number of occupants per unit. Also, weather conditions may be a factor. Frigid temperatures will result in higher gas and electricity consumption. Other items to consider are security, front desk staff, and of course, the Performance Audit and the Reserve Fund Study. The Reserve contribution in the first year budget may range from 10 to 25 per cent of the operating budget costs. Some developers will subsidize the first year in order to maintain a lower common element maintenance fee. In doing so, it makes for a more attractive selling feature to a potential condo buyer.
Some developers will subsidize the first year in order to maintain a lower common element maintenance fee. It makes for a more attractive selling feature to a potential condo buyer. Once all of these expenses are calculated, the total condominium fee can be determined. The monthly common element fee for each unit is determined by dividing the total budgeted common element fees attributed to the property by 12. This amount is multiplied by the unit’s percentage contribution to the common expenses (which is determined by its size), to find the monthly individual common element charges. Remember that the final closing of your purchase may happen two to three years from the day you signed the Purchase and Sale Agreement. The budget you received will include a note that an inflation rate will apply to each year after that date, to protect the developer from likely escalations of various future costs. Any negative variances from the actual results in the first year to the budget, the owners are protected by the responsibility of the developer to cover it under the Condominium Act. Any future year’s deficit is the owners’ responsibility. It’s not uncommon to see a jump in condo fees in the second year. This can be attributed to a combination of first year actual higher expenses, and the result of finalizing the reserve fund study, which may require a more substantial contribution to the reserve fund account. Owners can view these increases as unjustified, however close analysis will show that they are usually in categories that are beyond the cost control of the Board and Management. These can include reserve fund contributions, utilities and insurance, among others. A well prepared budget is vital to the well being of the future condo corporation’s affairs. Buyers should review the budget to understand the financial impact of their future home with no surprises on final closing.
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EXCLUSIVE LISTING BROKERAGE: IN2ITION REALTY Rendering is an artist’s impression. Specifications are subject to change without notice. E.&O.E.
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newhomeguide.ca
JUNE 7 - 21, 2014 NEW CONDO GUIDE 069
in the news
EDILCAN FREEZES DEVELOPMENT CHARGES AT 2013 LEVELS Homebuyers at Triumph enjoy substantial cost savings in face of nearly 80-per-cent increase to municipal Development Charges Edilcan Development Corp., one of Toronto’s leading residential condominium builders, has taken a bold step to cap municipal development fees for homebuyers at its One Valhalla Development, a master-planned Etobicoke residential community consisting of condominium townhomes and three towers – Valhalla, Thunderbird and Triumph. To shield Triumph condo buyers from municipal development charge increases set to reach nearly 80 per cent by 2016 – a radical change in rates that would have increased closing costs for units by as much as $6,000 for one-bedroom suites and nearly $8,800 for twobedroom suites – Edilcan took the unprecedented step of securing all necessary ‘above-grade’ and ‘foundation’ building permits, completing architectural drawings and paying required development charges and park levies earlier this year, prior to the first development charge increase. The developer’s financial leap of faith effectively freezes rates at 2013 levels. Edilcan’s move was significant because condominium Purchase and Sale Agreements specify that any increase in fees, such as park levies or development charges incurred from the time of initial receipt of deposit to the final closing, are the sole responsibility of the buyer. The final cost of a condominium property is ultimately determined by development charge rates at the point when ‘above-grade’ construction permits are granted to a developer. Aware of the price sensitivity of many of its home buyers, Edilcan acted to obtain these permits in advance of rate hikes and prior to commencing sales, even though developers typically request permits and start construction only when a project is at least 75 per cent sold.
The following is the City of Toronto’s development fee increase schedule: Schedule A: Adopted Rates and Phase-in Development type: Nov 1/13
Feb 1/14
Aug 1/14
Feb 1/15
Aug 1/15
Feb 1/16
23%
15%
15%
15%
17,247
18,566
19,884
21,203
11,872
12,831
13,790
14,749
% Increase phased-in 0%
32%
Residential ($ per unit)
Apts 2+ Bedrooms 12,412
15,225
Apts 1 Bed and Bachelor 8,356
10,402
070 new Condo Guide june 7 - 21, 2014
Given the often-lengthy period between initial receipt of deposit and ground-breaking on a project, shifts in development charges can add thousands to the final price of a condo. As this area of Etobicoke experiences a mini-condo boom, Edilcan is the only builder in the GTA able to provide this level of cost savings and added value to its homebuyers, while also helping to ensure potentially stronger homevalue appreciation and resale profits. “Edilcan is extremely cognizant of the fact that homebuyers can’t afford thousands of dollars in extra costs related to increasing municipal development charges,” says Edilcan vice-president GianPiero Di Rocco. “Given our experience having already built two condominiums at this site, we felt comfortable taking swift action to effectively cap city development charges, ensuring there will be no further increases to our current or future purchasers at Triumph,” he adds. “We felt that assuming this kind of financial risk was the right thing to do in order to provide peace of mind to our new Triumph homebuyers.” The 29-storey, 298-unit Triumph building is currently in preconstruction sales and is more than 50 per cent sold. Occupancy is slated for late 2016 and prices begin in the low $200’s with parking and locker included. For more information about the One Valhalla Development, visit triumphcondos.com.
G R AN D O P E N I N G AFFORDABLE LUXURY NEVER LOOKED BETTER. Triumph, the exciting third phase of Valhalla in Etobicoke is now open! Two new decorated designer suites. Incredible amenities. Spectacular views. And value that has to be seen to be believed. Be the smartest. Be the first. It's your Triumph.
TRIUMPHCONDOS.COM 416.233.5554 UP TO $20,000 CASH BACK!* ONE BEDROOM SUITES FROM $198,990 INCLUDING PARKING AND CASH BACK!*
BURNHAMTHORPE RD
HWY 427
SITE SALES CENTRE GIBBS RD BLOOR ST W
THE EAST MALL
VALHALLA INN RD
PRESENTATION CENTRE & MODEL SUITES 2 GIBBS ROAD MON-THURS: 12-6PM SAT, SUN, & HOLIDAYS: 12-5PM FRIDAY: CLOSED
*Opening incentives are for a limited time only. See sales rep for details. Exclusive listing brokerage MarketVision Real Estate Corp. Brokers protected. Prices and specifications subject to change without notice. E.&O.E. Illustration is artist’s impression.
JUNE 7 - 21, 2014 NEW CONDO GUIDE 071
in the news
You could be off to New York City with
Dundas Square Gardens! From Dundas Square Gardens in the heart of Toronto, to
is where you can be headed this year. The iconic new condominium development, Dundas Square Gardens by Easton’s Group, is giving future residents the chance to take advantage of an exciting new incentive package when they register at dundassquaregardensoffer.com/go. Register to be entered for a chance to win a trip for two from Toronto to New York City, with flight, hotel accommodations, and more. Share this fabulous offer with two friends, and registrants will receive a coupon that entitles them to up to $10,000 off the purchase price of their suite at The Easton Group’s upcoming preview event. Blending style and sophistication within a garden-like sanctuary, Dundas Square Gardens features Dundas Square Tower, a soaring 47-storey tower on the western half of the site, along with a shorter 17-storey boutique-styled Garden Tower. The most stunning element of Dundas Square Gardens will be 16,000 sq. ft. of five impressive and expansive rooftop gardens and terraces on different levels, all providing different looks and experiences. The size and scope of these outdoor green spaces is unparalleled in downtown Toronto. Madison Square Gardens in New York City,
Many of the units in the Garden Tower will have exclusive use of oversized terraces, which become extensions of your private living space Dundas Square Gardens is centrally located near transit, with the shops and excitement of Yonge and Dundas Square and The Eaton Centre just minutes away to the west, Allan Gardens to the southeast, and within easy walking distance of Ryerson University. As part of its commitment to the area, The Easton’s Group will donate $1,000 for every unit sold to Ryerson University, topping off this impressive donation at $1 million. With inspired architectural design by Page+Steele/IBI Group Architects, Dundas Square Gardens has suites starting at just $199,998. These elegantly appointed suites designed by interior design firm Munge Leung feature flexible floor plans with no wasted space to maximize efficiency in everyday living. Features and finishes include Caesarstone kitchen counters, stainless steel appliances, porcelain bathroom floors and shower/tub surrounds, custom-designed vanities, 072 new Condo Guide june 7 - 21, 2014
sleek plumbing fixtures and laminate wood flooring, adding to the modern and contemporary design with eight-ft. five-inch ceilings in each suite. The smaller Garden Tower boasts a boutique building environment with separate entrance and elevators, while enjoying all the amenities of the larger Dundas Square Tower. Amenities include a fully equipped fitness centre and yoga room, outdoor pool with an infinity edge adjacent to a lounge and bar area, barbecue area, water feature, hot tub, and secluded seated areas. On the second floor residents will find a library with study spaces, meeting spaces and guest suites. Many of the units in the Garden Tower will have exclusive use of oversized terraces, which become extensions of their own private living space. Here, residents can enjoy outdoor living by hanging out at a barbecue party on the 18th-floor terrace, taking your pet for a stroll through meandering walkways on the third-floor terrace, or hosting a party on the third-floor Garden Terrace, adjacent to the spectacular two-storey Sky Lobby and Lounge, destined to be a lighted landmark commanding the corner of Dundas and Jarvis Streets. For a chance to win a trip to New York City, register now by visiting dundassquaregardensoffer.com/go. Contest closes on June 12. For more information, call 416.645.8575. and visit the website for full contest details and rules.
Real Estate Incor porated
DUNDAS SQUARE GARDENS! OWN T N W O D
O’S TORONT
ROM NDOS F
AR ACUL SPECT OBBY L SKY . OF SQ.FT 0 0 ,0 16 NS OVER OP GARDE S T W ROOF CITY VIE H WIT ITH OL W O P Y INFINIT LOUNGE & UP BAR GRO S ’ N STO AN EA CTION U PROD
file:///C|/Users/kathy/Downloads/homelife logo.gif[10/30/2013 11:57:00 AM]
8 9 9 , $199
CO
*
file:///C|/Users/kathy/Downloads/homelife logo.gif[10/30/2013 11:57:00 AM]
416-645-8575 REGISTER NOW DUNDASSQUAREGARDENS.COM Exclusive Listing: Baker Real Estate Incorporated Brokerage. Brokers Protected.
*Prices and specifications are subject to change without notice. Illustrations are artist’s concept. E.&O.E.
Real Estate Incor porated
JUNE 7 - 21, 2014 NEW CONDO GUIDE 073
Hot topic
How much will your
home insurance cost? for home insurance depends on a number of factors related to risk. Insurers analyze these risks, and figure out how likely it is that you – or a group of people with the same set of circumstances – will make a claim, and how much that claim will cost. Like all insurance premiums, how much you pay
Insurers will want to know if you have built or are planning to build a secondary rental suite in your home; begin operating a business there; or make any other significant alterations to the structure or the way your home is used
These factors typically affect what you pay for home insurance: Where you live: Insurers keep records about such items as the number, type and cost of claims by neighbourhood. They can tell from past experience what the circumstances are in your neighbourhood, and how likely it is that you will have to make a claim. For example, if you live in an area where most people commute to work and homes are left unoccupied during the day, the statistics may show your neighbourhood has more break-ins. The cost of home insurance, therefore, varies from neighbourhood to neighbourhood, from city to countryside, and is based on knowledge and experience. Proximity to water: Insurers are concerned about fire, and will look at how far your home is from a source of water (fire hydrant, fire station). If you live in an urban area, this is generally not a problem. If you live in the country and the distance is great, however, this will influence the cost of your home insurance. The sooner a potential fire can be put out, the lower the cost of restoring your home. Replacement cost: The factor that will make the biggest difference in the cost of your home insurance is simply the size and composition of your home – as well as your contents. The larger the home and the more contents you have, the more it will cost to replace. In addition to the square footage, insurers take into account such matters as the quality of construction, which can vary greatly from home to home.
Not usually an issue with new homes, oil tanks have the potential for causing costly environmental hazards, so your insurance representative will ask questions about the age and condition of your tank. There is far less risk with forced-air gas furnaces or electric heat, so you may pay more for your home insurance if your home is heated by oil. Heating:
Electricity: There are several factors concerning electricity. Do you have breakers or fuses? What is the flow of electricity coming into your home? And what kind of wiring do you have? Insurers know from experience that breakers pose less risk than fuses, and that a minimum of 100-amp service is better than a lower level of service, as a lower amp can lead to overloading and fire. 074 new Condo Guide june 7 - 21, 2014
continued on page 76…
Hot topic
continued…
Pipes: Galvanized or lead piping usually means that the plumbing is older, and older plumbing is more likely to crack, leak, or run into other problems. Insurance companies generally prefer homes where the plumbing is made of copper or plastic.
Other uses of your home: Insurers will want to know if you have built or are planning to build a secondary rental suite in your home; begin operating a business there; or make any other significant alterations to the structure or the way your home is used.
Insurers will ask if you have a security alarm and a fire alarm, and whether they are monitored by an outside service. Other factors:
Not usually an issue with new homes, insurers generally prefer a roof that has been updated within the last 20 years. Some policies will pay only depreciated values, as low as 25 per cent of the replacement cost, for damaged roofs that are near the end of their designated service life.
Age of roof:
The types of appliances in your home do not affect the cost of your home insurance
Once all of the above is taken into consideration, you can choose the types of coverage you’d like – which will also influence the amount you pay. While there are government regulations dictating how much insurance drivers must have, there are no such laws when it comes to home insurance. The only requirement may be one set by your bank or mortgage holder. From there, it’s up to you to decide whether you prefer basic or more comprehensive coverage. And this is something your independent insurance representative can help you with. Basic or full coverage:
The following factors typically do not affect what you pay for home insurance: Gas versus electric appliances: The types of appliances in your home do not affect the cost of your home insurance. Brick exterior versus aluminum siding: Most insurance companies do not use type of construction as a rating factor when calculating home insurance premiums. However, construction type is used when calculating the building replacement cost (what it would cost to rebuild the dwelling with materials of like kind and quality, if it were destroyed).
076 new Condo Guide june 7 - 21, 2014
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Life. Lived better. JUNE 7 - 21, 2014 NEW CONDO GUIDE 077
condo profile
Empire and Pace celebrate summer with a special promotion at
The Mark
t
he Mark, one of Markham’s most successful boutique condominium projects, is celebrating summer with an exciting new offer. The Mark is offering a special promotion featuring a suite of the month – The Slate. Purchasers of this welldesigned 638-sq.-ft., onebedroom-plus-den suite will receive $5,000 cash back or two years free maintenance. The Slate features a spacious entry foyer, convenient private den, and balcony with access from the living room as well as the bedroom. And, to celebrate
The Mark is offering a special promotion featuring a suite of the month – The Slate
078 new Condo Guide june 7 - 21, 2014
Those arriving at The Mark will be awed by its chic lobby with an elegant water feature and stylish furniture selection that hints at the smart design on display throughout the building
summer, Empire/Pace is offering a free barbecue to every purchaser of a new suite at The Mark. “This suite is perfectly suited for a single person or couple purchasing their first home,” notes Empire’s executive vice-president Paul Golini. “This represents a tremendous opportunity to live in a vibrant and diverse community, and in a building that boasts spectacular design, appealing amenities and a prime location.” Empire Communities and Pace Developments have brought to Markham this elegant, architecturally inspired 18-storey highrise condominium – located at 9560 Markham Rd., near Bur Oak Ave. across from the Go station— with 220 spectacular suites that range from 570 to 858 sq. ft. Prices start from the affordable mid-$200,000s. Suites at The Mark offer an aesthetic of modern mixed with retro-chic, with nine-ft. ceilings and laminate engineered flooring. Layouts are comfortable and inviting, with spaces that can be dressed up or down to suit personal tastes. Kitchens boast custom-designed cabinetry, stainless steel appliances, and polished granite countertops with glass-tile backsplash. Bathrooms have customdesigned vanities with cultured marble countertops, and deep soaker tub and/or framed glass shower, depending upon the suite design. Those arriving at The Mark will be awed by its chic lobby with an elegant water feature and stylish furniture selection that hints at the smart design on display throughout the building. The Mark’s amenities include an entertainment room with a games area, flat-screen TV, lounge seating and billiards table.
Entertaining continues on an outdoor terrace equipped with barbecues, lounge seating and dining area in addition to a Tai Chi area. Those seeking warmth and ambiance can retire to The Mark’s expansive fireside lounge. For residents looking to recharge, The Mark’s state-of-the-art fitness centre has professional cardio and weight-training equipment. And when it’s time to get down to business, there’s a spacious conference room. To learn more about how to live a remarkable life in the city of Markham, visit themarkcondos.ca or call 905.554.5015. The presentation centre and model suite is located at 9560 Markham Rd. across from the Mount Joy Go station. june 7 - 21, 2014 new Condo Guide 079
condo watch
new releases & grand openings
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
Diva Condo by Torbel
North York’s newest boutique condo is coming soon. Register now to stay informed. Web: DivaCondo.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.
Coming soon to Sumach south of Dundas, the “one” place to be in downtown east. Register today! Web: DanielsOneParkPlace.com
Beacon Condominium by Sorbara Group
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 080 new Condo Guide june 7 - 21, 2014
Harbour Plaza by Menkes
Register now to live at York and Harbour, steps to shopping, dining and entertainment. Condos coming soon. Web: Menkes.com
FWD Condominiums by Concord Adex
The Harlowe by Lamb Development Corp.
Grand opening this June at Queen and Bathurst. One-, two- and three-bedrooms from $259,900. Web: TheHarlowe.com
Jasmine Condos by Averton Homes
The latest phase launched in the Concord CityPlace neighbourhood. Register now. Web: CityPlace.ca
The grand opening continues at Sheppard Avenue East and Pharmacy Avenue. Luxurious maintenance-free living coming soon. Web: JasmineCondos.ca
Canary Park Condominiums by Dundee Kilmer Developments
Triumph at Valhalla by Edilcan
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
Grand opening continues at Valhalla’s third phase in Etobicoke, where affordable luxury has never looked better. Web: TriumphCondos.com
The Code Condos by BLVD & Lifetime Developments
Harmony Village by City Core Developments
Offering affordable living in Forest Hill, condos starting in the mid-$200’s. Register now. Web: TheCodeCondos.com
The College Condominium by Tribute Communities
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
Now open at Sheppard and Warden. Live in perfect harmony with comfort, convenience and culture. Web: HarmonyVillage.ca
Riva del Lago by Monarch
Now open – a new boutique condo making waves on Etobicoke’s Humber Bay waterfront. Web: MonarchGroup.net
SQ at Alexandra Park by Tridel
Grand opening continues at this dramatic new condo in this master-planned community at Spadina and Queen. Web: Tridel.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 The 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
Soul by Fram Building Group
The HUB by Empire Communities
Register now to be close to everything, and far from ordinary! Web: MySoulCondos.ca
New release of townhomes in Eglinton West. Get connected, live life on tomorrow’s fast lane. Web: EmpireTheHub.com
Ten93 by Pemberton Group
Trio at Atria by Tridel
Now previewing: an eclectic fusion of fashion, art, culture, creativity and style at Queen West and Dovercourt. Web: Ten93QueenWest.com
The Academy by Lemine & Devron
Graduate to a golden investment. Register now to attend the VIP Preview Event. Web: AcademyCondos.com
Grand opening is now on at the next great phase of Atria in North York Web: Tridel.com
Totem Condominium by Worsley Urban Partners
Presentation centre and model suite now open! A perfect 100 on walkscore.com, stellar amenities, iconic architecture. Web: TotemCondos.com
GTA Edition June 7 - 21, 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
Award-winning developer TAS together with Main and Main presents
Kingston&Co
Too tight or just right? Built to last or built for profit? With the launch of its new midrise dwelling, Kingston&Co, community-focused developer TAS, in partnership with Main and Main Developments Inc., debunks the myths around condo living in an inventive new campaign. The Kingston&Co website is devised as a dynamic public blogging platform that highlights 10 top-of-mind topics when considering the condo market. The site is organized in a Q&A format with insightful responses from TAS, a variety of experts, and past purchasers. In addition, the site invites visitors to share their own comments, encouraging an open dialogue with the Kingston&Co team. “From the distaste for developers who make empty promises with magazine cover sales offices, to the hidden condo fees that feel like they defined the whole notion of ‘fine print,’ to concerns over uncertainty in the real estate market, we know people have reservations about the condominium market. As part of TAS’s corporate culture of transparency and community engagement, we want to participate in meaningful conversations that bring these concerns to the forefront and facilitate a transparent buying process for our registrants,” explains Mazyar Mortazavi, president and CEO, TAS. With the launch of Kingston&Co, TAS is also unveiling communication framework allowing registrants to engage in one-on-one conversations with the TAS team before the opening of the presentation centre. The goal? To help guide buyers through the entire sales process via a highly individualized experience and unparalleled commitment to customer service excellence. Located at 1100 Kingston Rd., east of Victoria Park Avenue, Kingston&Co captures the subtleties of Upper Beach living, while offering an affordable alternative to lowrise housing. Designed by award-winning Teeple Architects, the building rises eight storeys before stepping up to 10 on the west. Pre-cast concrete pilasters create varied patterns of shadows over the south-facing façade of single- and double-width balconies, while the north side steps down with each tier, offering a responsive transition to the residential neighbourhood. South-side balconies feature coloured panels located on the interior façades, creating an impactful visual gradient with views of Lake Ontario from the eighth floor upwards. The north side of the building boasts private terraces outfitted with harvest planters, ample daylight and city views. 082 new Condo Guide june 7 - 21, 2014
Designed to maximize space and storage while evoking a sense of home, 150 units – 75 of which have unique floor plans – will range from 407 to 1,439 sq. ft. “We’re excited about the opportunity to be developing a high character street like Kingston Road and believe it is part of the emerging character of Toronto communities,” says Rick Lafelice, president, Main and Main Developments Inc.
The north side of the building boasts private terraces outfitted with harvest planters, ample daylight and city views TAS’s commitment to its Four Pillars of Sustainability – social, ecological, cultural and economic – informs all of its developments. Kingston&Co is no exception, advancing building durability and energy performance with a 40/60 ratio of window to solid wall. Each unit is fully equipped with energy recovery ventilation units, which improve indoor air quality and energy efficiency. Kingston&Co is expected to break ground in early 2015 and is slated for occupancy in early 2017. The presentation centre, located directly across from the project site, will open to the public in June. For more information, visit kingstonandco.ca.
THE REAL ESTATE OPPORTUNITY OF THE YEAR
In a Class of Its Own UNIVERSITY OF TORONTO Scarborough Campus
TORONTO PAN AM SPORTS CENTRE
CENTENNIAL COLLEGE
FUTURE UNIVERSITY OF TORONTO MASTER PLAN
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El E lelle smsm erer e eRR d.d.
Ave.
Growing DEMAND
Cash-Flow
OPPORTUNITY
Priced for
VALUE
Condos by the University Of Toronto Scarborough
VIP preview pricing for a limited time Huge housing shortage for the growing 16,000+ student body
An unprecedented positive cash flow opportunity*
Priced 43% less than an average New GTA condo, but rents for 20% higher!*
200
$
from the low
’s*
DON’T MISS OUT! Register now to attend the VIP Preview Event
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
condo profile
DIVA Condo is dressed to impress
North York’s leading lady has arrived
t
here’s a new beauty in the city that’s demanding the attention of chic Toronto condo dwellers – it’s Diva Condo, North York’s newest boutique residence. Sleek, stylish and completely sophisticated, this new addition from Torbel is designed to impress. The mid-size building has around 100 units with a wide variety of sizes ranging from a 510-sq.-ft. onebedroom to a 1,360-sq.-ft. three-bedroom suite. Each one features a balcony or terrace with railings, and is carefully designed for maximum flow with spaces built to accommodate comfortable furniture layouts. Early buyers also have the possibility of combining two upperfloor units for a larger, fully customized home.
Unique architecture features precast concrete, brick, steel and plenty of glass, and the interior is a collection of hip, comfortable spaces designed to impress 084 new Condo Guide june 7 - 21, 2014
“Great design is really important to us,” says Torbel owner Conrad Ogniewicz. “We work closely with the architectural team and really take our time to get it right – we care about every aspect of every unit. We pay close attention to how the spaces function, how they relate to each other, and always design with furniture placement in mind.” The location is a real attentiongetter – situated near Bathurst and Sheppard, it’s close to transit, green space, and world-class shopping and dining. The condo is a short walk to Downsview subway station, a quick drive to Yorkdale Mall and North York City Centre, and just around the corner from Earl Bales Park, Burnett Park, Bathurst Park, as well as the 572-acre Downsview Park – Canada’s largest urban park. Unique architecture features precast concrete, brick, steel and plenty of glass, and the interior is a collection of hip, comfortable spaces designed to impress. Walk into the building’s lobby, and you’ll see that like any diva, this one makes a truly grand entrance. Curved walls and contemporary finishes create the chic, welcoming atmosphere of a boutique hotel, and a concierge is on hand to greet both residents and guests. Amenities include a chic south-facing rooftop terrace and a fully equipped fitness facility with his and her saunas and luxurious change rooms. The building also continued on page 86…
Coming Soon
North York’s Newest Boutique Condominium
• Walking distance to Downsview subway station and other amenities • Close to Yorkdale Mall and Downtown North York • Live close to the 572 acre Downsview Park, Canada’s largest urban park
Offering North York’s Best Value 2 BEDROOM DESIGNS S TA R T I N G F R O M
309,900
$
1 BEDROOM DESIGNS S TA R T I N G F R O M
224,900
$
Register Now! @ divacondo.com Prices, terms and specifications subject to change at any time without notice. E. & O. E. Rendering is Artist’s Concept.
condo profile
continued…
features an upscale entertainment space with a full kitchen, bar, billiards table, games space, large flat-screen TV and comfortable conversation area – it’s ideal for everything from hosting an intimate dinner to hanging out and watching the game with the guys. “I see the building and all of its amenities as a place where people come together,” says Ogniewicz. “Our buildings have mostly end users, not renters, so residents get to know each other and create a real sense of community. These are people that really care about their property – in one of our buildings, the residents actually come together to do their own planting in a one-day community event.” All of Torbel’s buildings have a similar boutique feel and friendly vibe that encourages interaction. Torbel is an experienced, trusted builder known for stylish, intimate residences that are luxurious and beautiful, but also comfortable and accessible. Diva is their ninth project along Sheppard. “The word ‘boutique’ gets tossed around a lot these days,” says Ogniewicz. “But we take the idea 086 new Condo Guide june 7 - 21, 2014
very seriously. There’s a difference between a big department store and a little boutique shop – the boutique is chic, intimate, and caters to a niche market. We take that same approach with our buildings. They’re not mega-developments. They’re for the buyer who wants a smaller, more personal feel that fits them to a T.” Considering all the amenities, the great location and the beautiful design, Diva Condo is a tremendous value for Toronto buyers – in fact, it’s one of the most affordable buildings in the area. One-bedrooms start from a remarkable $224, 900, and two-bedrooms from $309, 900, with low condo fees and a locker. If you’re looking for a liveable, beautiful, affordable home, Diva Condo is an exciting opportunity to buy a chic space in the heart of the city – and live the luxurious urban lifestyle that every diva demands. To register, visit divacondo.com.
Boutique Boutique condo condo
Party lounge
money matters
// by gail vaz-oxlade
avoid fraud I never write my PINs down. Yeah, I’m old, but I can still commit a few numbers to memory. And I wouldn’t dream of sharing my PIN with anyone. When choosing a PIN don’t make it too obvious: a phone number, address, birth date. And periodically I change my PINs. If you’re having trouble remembering your multitude of PINs and passwords, take a page from my girlfriend: she carries a telephone book around with her and has her PINs and passwords concealed amongst all the other names and numbers.
Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade
I never give out info on the phone. I’ve had people call me to “verify” stuff, and ask me for the information. I point out that I’m happy to verify what they already know, but I’m not telling them squat. Your bank will never call you at home requesting personal information. If someone does, rest assured that it is a scam and should be reported to both your bank and the Anti-Fraud Centre at 1.888.495.8501 or info@phonebusters.com. I’ve also received more than a few emails requesting personal information. I just hit “delete.” I know my bank would never send an email
E
ver had a sense of participating in the shared consciousness? Sometimes I get a slew of letters about one particular topic. Recently, I’ve had a barrage of requests from people who are very concerned about fraud. If this has been on your mind, here are some tips:
I periodically go through my paperwork and files and get rid of anything I no longer need.
I don’t just dump ‘em. I shred ‘em. This applies to financial statements, invoices, anything with personal information that someone could use to hurt me. Since “dumpster-diving” has become a favourite way for fraudsters to find information they can use to apply for loans or credit cards in your someone else’s name, I bought myself a cross-shredder and make my financial stuff into confetti. 088 new Condo Guide june 7 - 21, 2014
requesting log-in information or for me to click on a link to your bank’s log-in screen to enter information.
If you’re a sucker, you deserve to lose your money. Sounds harsh. Really? Have you ever got one of those emails promising you thousands of dollars if you take advantage of a new business opportunity, fabulous investment with amazing returns, or for your help in moving money from another country? Just how gullible are you? Work-from-home scams are another way some people are ambushed.
With people looking for ways to make more money, the temptation to send money to someone with a promise of getting paid work you can do at home is sometimes too much to resist. One of the most successful scams lures you into becoming a “representative” or “collection agent” for a company. The fraudsters have you collect and deposit cheques into your bank account and then wire the cash to head office, while keeping your commission for yourself. Sadly, the cheques turn out to be counterfeit and the bank comes after you for the cash because you are responsible for any deposits to your bank account. I’m also pretty careful when I shop online. I choose to use reputable
retailers and I have a credit card with a very low balance that I use only for online purchases. I change this card every year or so. A credit card can actually help to protect you since if you have a dispute with a seller, you can ask your credit card company for a “chargeback” – read “don’t pay this seller” – if your purchase was not as advertised.
OWN TORONTO’S
BEST VIEW
Actual View
Coming soon where the beach meets the Hunt Club This is where you’ve always wanted to live. Where Fallingbrook rises up from the Beach to meet The Hunt Club. With a glorious view of green fairways, tall trees, and shimmering blues of the lake. There has never been an address quite like it, or an opportunity like today. Express your interest and register now.
Condos $300’s one million from the to over
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Que
Blantyre Park
416-699-1711
Register Now for June VIP Preview Opening!
HuntClubResidences.com Illustrations are artist’s concept. Prices and specifications subject to change without notice. Map not to scale. E. & O.E. May 2014
JUNE 7 - 21, 2014 NEW CONDO GUIDE 089
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 090 NEW CONDO GUIDE JUNE 7 - 21, 2014
YFH Cover WINTER2014_FINAL.indd 1
15/01/14 15:34:32
MARKHAM & ELLESMERE
SPRING
BUYERS
EVENT
SAVINGS* $28,000 UP TO
LIMITED TIME OPPORTUNITY ME Living at Markham and Ellesmere is everything you could want in a master-planned community – condominiums, townhomes, shops and parks designed around urban excitement. Building highlights include a dramatic lobby with concierge, spectacular amenities, a Miami-inspired rooftop deck with pool, cabanas, barbeques and lounging areas. Welcome to ME Living, a lifestyle that’s all about you! FROM THE LOW
401
LAWRENCE AVE. E.
MORNINGSIDE AVE.
MARKHAM RD.
MCCOWAN RD.
ELLESMERE RD.
me
PARKING & LOCKER** Included
200 meliving.ca
$
’S
416.430.0003
PLUS
CASH BACK*
1%
Presentation Centre: 1151 Markham Rd Hours: Mon. to Thurs. noon-6pm Fri. Closed. Sat. & Sun. noon-5pm
follow our exciting blog or visit us on @melivingcondos
*Limited time only. **On select suites. See Sales Representative for details. Prices and specifications subject to change without notice. Exclusive Listing Broker, The Condo Store Realty Inc., Brokerage. Brokers Protected. E. & O.E. 2014.
finances
Saving tips for
first-time homebuyers Home ownership is a big dream for many young Canadians, and is likely the single biggest investment most of us will make in our lives. While saving for a down payment can be challenging, Farhaneh Haque, director of mortgage advice at TD Canada Trust, says that young Canadians can save for a down payment a little quicker by following a few simple rules. “First, examine your budget and set a savings goal,” says Haque. “Take advantage of online budgeting tools to gain insights into where you spend your money. Also remember that in addition to your down payment you will need to save for the additional costs involved with a home purchase, which include moving costs and legal fees.” Next, curb your spending and increase your savings. “Even a small adjustment in your spending habits can go a long way toward helping you save a bigger down payment,” says Haque. “For example, consider using
transit to get to work instead of driving and paying for parking – it can really add up over time.” One of the most effective – yet overlooked – strategies is to put money aside before you can spend it. Haque suggests setting up a regular, pre-authorized transfer service that moves a specific amount from each pay cheque into a high-interest savings account. Making savings automatic is a simple and effective way to stay disciplined while saving for a down payment.
Even a small adjustment in your spending habits can go a long way toward helping you save a bigger down payment Finally, Haque reminds firsttime homebuyers that they may be able to take advantage of the federal government’s Home Buyers’ Plan. “Those who have been actively saving for their retirement can access up to $25,000 from their RSPs to bump up their down payment when they purchase their first home. The RSP funds must be paid back within 15 years, so it is important to factor this repayment into your monthly budget.” For more advice on saving for a down payment, visit tdcanadatrust. com/homeownership. NC 092 new Condo Guide june 7 - 21, 2014
BILD FINALIST for the 2014 GREEN HOME BUILDER of the YEAR!
Visionization ™
Clean Living in the Real World Visionization is the next tier in sustainable, green initiatives, based upon the theory that if we can dream it, we can make it happen. It is this maverick thinking that has drawn trusted contractor and television personality Mike Holmes to a partnership with Stanton Renaissance through their shared vision of an environmentally sustainable future. Together, they plan to develop sustainable building initiatives including On The Go Mimico – an exciting first within the luxury condominium market. At Stanton Renaissance, Visionization is changing the world we live in; one condominium at a time. The future is happening right now in a Stanton Renaissance building. To learn more about Visionization, please visit stantonrenaissance.com.
Mike Holmes, Canada’s Most Trusted Contractor
Louie Santaguida, Stanton Renaissance
The Future is Happening at these Stanton Renaissance Projects
James Street
Wychwood Park
The Junction
Hamilton
Toronto
Toronto
Register Today:
Register Today:
Register Today:
stantonrenaissance.com/hamilton
stantonrenaissance.com/wychwood
stantonrenaissance.com/thejunction
093
condo profile
Stanton Renaissance and Mike Holmes
w
hen trusted contractor Mike Holmes decided to purchase a condo in Toronto, he set his sights on one that stood up to his own high standards. He found it in Etobicoke at On The Go Mimico – a state-ofthe-art condominium development that incorporates advanced Green technologies and energy savings with modern luxury and lifestyle. “On The Go Mimico is where Green building is headed,” says Holmes. “It’s connected to public transit, restores used building sites and combines new Green technologies with old ideas, like the geothermal-cogeneration hybrid system that will power the building on-site – not at some utility 100 miles from the city. It’s the future of building Green and clean.” Stanton Renaissance was recently named a finalist for the BILD Green Builder of the Year Award – a significant accolade
On The Go Mimico has been designed to integrate simple and reliable technologies that can save residents up to 30 per cent over several years on utility and monthly maintenance costs. 094 new Condo Guide june 7 - 21, 2014
make it right!
within the land development, home building and professional renovation industry in the GTA. The primary catalyst that spurred the relationship between Holmes and Stanton Renaissance was Stanton’s new approach to “clean living” initiatives; initiatives that Holmes believes far exceed anything anyone else is doing in the condominium development industry today. Going beyond the traditional “Greening” of condominium living, Stanton Renaissance has created the highest level of environmental and sustainable standards. As a result of the environmental initiatives of Stanton Renaissance president and owner Louie Santaguida, On The Go Mimico has direct lobby access to the Mimico Go station, providing a fast 10-minute ride to Union Station in downtown Toronto. The site is also centrally located to pedestrian walkways and bike paths along with close access to the waterfront, supporting a wide range of healthy urban lifestyle options. Other features at On the Go Mimico include an eco carwash, highefficiency toilets, grey water recycling, and a natural gas generator providing full building independence from the public power grid, while also supplementing the building’s electrical power supply and providing waste heat recovery for heating and domestic hot water systems. Suites are outfitted with four-pipe mechanical systems providing anytime individual temperature control, and programmable thermostats. Variable speed cooling fans ensure quiet and energy-efficient air circulation. A first in Toronto, On The Go Mimico has been designed to integrate simple and reliable technologies that can save residents up to 30 per cent over several years on utility and monthly maintenance costs. Typically in highrises, as much as 30 to 40 per cent of a building’s generated heat is wasted. At On The Go Mimico, the energy will be cycled in a Ground Source Geothermal closed loop system, which uses the earth deep below, like a giant thermal battery. The system works with nature to borrow energy from the earth in the winter and replace it in the summer – redirecting and recycling it to where it is needed. Additionally, heat that is generated as a by-product of the system will be re-captured and used to supply hot water for bathrooms, kitchens and laundry, going round and round, exchanging, creating and being used wisely, while still leaving excess electrical energy that can be sold back to the grid. Not only does this approach protect condo owners from spikes in monthly fees or sudden “improvement assessment fees” but also provides on-site energy that can be used during grid interruptions or failure. In other words, when the lights go out, On The Go Mimico will continue to operate and light up the waterfront skyline while serving as a beacon for advanced
sustainable construction and its applications for the future. “Going beyond Green drives what we do at Stanton Renaissance. When Mike heard about our passionate commitment to combining the highest standards of luxury building with the most innovative Green and clean technologies, he contacted us, eager to jump on board,” says Santaguida. “Together, our goal is to provide new condo owners with the confidence and trust that they have bought a quality-built, luxuriously appointed, convenient and healthy home. Mike is so committed to the On The Go Mimico project, and what it stands for, that he is personally buying in the building.” “Stanton Renaissance is changing the industry. They transform communities by using what’s already there – socially, environmentally and economically. This isn’t just what Toronto needs – it’s what Canada needs,” says Holmes. “It’s cutting-edge responsible urban development, and it makes sense. I’m excited to be part of this project, and to work with Louie and his team. Just wait. We’re taking smart sustainable construction to the next level, so everyone can learn and benefit from this project moving forward. It’s win-win all the way.” When it comes to outstanding value, choose On The Go Mimico. This condo is priced thousands of dollars less than comparable downtown condos. Many suites even include parking! Carrying costs are much lower too, saving thousands of dollars a year compared to similar condos in the downtown core. For more information visit the sales centre at 10 Judson St., or online at onthegomimico.com. june 7 - 21, 2014 new Condo Guide 095
hot dates
June 2014 Calendar of events taking place from June 7 – 21
highlights
June 6 – 15
Luminato
June 13 – 15
Mississauga Waterfront Festival
June 6 – 15
June 13 – 15
Luminato
Mississauga Waterfront Festival
Various Venues in
Port Credit Memorial Park,
Downtown Toronto Toronto welcomes the world to experience its arts and creative culture. For 10 days each June, the Luminato Festival transforms the city’s theatres, parks and public spaces into a home for artists and art enthusiasts alike to create, share and explore. Visit the website for a full schedule of events. luminatofestival.com
Mississauga Voted one of Ontario’s Top 100 Festivals for 10 years in a row, the Mississauga Waterfront Festival celebrates the unofficial arrival of summer with carnival rides and games, live performances, a petting zoo, mouth-watering cuisine and the beer garden, and much more. Admission is free. themwf.com
June 13 - 22
June 15
North by Northeast
Yorkville Exotic Car Show
Various venues across Toronto Canada’s highly anticipated annual music and arts event is back, bringing with it 800 bands, 30 films and 150 comedians, for 10 days (and sleepless nights!). NXNE has become the Canadian event for emerging artists and major-label headliners, for music filmmakers, and for digital interactive innovators bridging the gap between technology and the arts. Visit online for a full schedule and to purchase tickets. nxne.com
Avenue road and Bay Street The fifth annual Yorkville Exotic Car Show returns to the Bloor-Yorkville area this Father’s Day, where you’ll find 120 examples of classic and exotic cars including Ferrari, Lamborghini, Corvette, Porsche and more. Celebrate Dad and help support Prostate Cancer Canada. The event is free, on from noon to 5 p.m. Visit online for more information. yorkvilleexotics.com
June 13 – 22
North by Northeast
June 15
Yorkville Exotic Car Show
096 new Condo Guide june 7 - 21, 2014
Bloor Street, between
COME SEE WHY WATERMARK IS MAKING WAVES ON THE ETOBICOKE WATERFRONT. MODEL SUITES NOW OPEN Immediate Occupancy • 5% Deposit • Free Parking • Locker Storage Over $40,000 in Upgrades Included in Price
Starting from $306,900
All prices & specifications are subject to change without notice. E.&O.E. All Illustrations are artist’s concept only. Brokers Protected
Long Branch
3609 Lake Shore Blvd. W., Suite 104 Monday to Thursday 12 pm to 7 pm Saturday, Sunday & Holidays 11 am to 6 pm 416.354.2221 I queenscorp.com
N
Brown’s Line
Presentation Centre
Lake Shore Blvd. W.
Kipling Ave.
The Most Outstanding Mid-Rise Building
Thirty Fifth St.
Ontario Home Builders’ Association Award Winner
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torontoregionalmaps: Toronto, East York, York
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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 10 Empire Communities 11 Menkes Developments Inc. 17 Rockport Group 18 Monarch Corporation 18 Urban Capital 23 Tribute Communities 26 Bazis Inc. 27 The Daniels Corporation 28 Empire Communities 31 Worsley Urban Partners 38 Easton’s Group 39 Lifetime Developments 40 Fernbrook Homes/Cityzen Dev. 42 Triumph Developments 52 Cresford Development Corp. 52 Cresford Development Corp. 53 Lanterra Developments 58 Great Gulf 84 Tridel Corporation 99 Great Gulf 110 Great Gulf 126 Great Gulf 131 Lanterra Developments 140 Eden Shaw 140 45 Charles Ltd. 141 BSaR Ltd 149 Camrost - Felcorp 150 Aspen Ridge Homes 155 Lifetime Developments 171 Camrost - Felcorp 190 Cresford Development Corp. 202 Bazis Inc. 202 Rio Can 202 Metropia 215 Dundee Kilmer Developments 218 Malibu Investments Inc. 218 Urban Capital 222 Lamb Development Corp. 223 Concord Adex 1 Goldman Group & Lash Dev. Corp. 1 Goldman Group & Lash Dev. Corp. 3 Concord Adex 3 Concord Adex 3 Concord Adex 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. 8 Cresford Development Corp. 9 Aspen Ridge Homes 11 Menkes Developments Inc. 12 North Drive Investment 13 Streetcar Development 14 Canalfa Group 15 Tridel Corporation 16 Freed 18 Urban Capital 18 Urban Capital *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 $350,000 128 14e High Park Condominiums 416-351-1844 • from $300,000 39 8L The HUB 416-784-3482 • from $250,000 7 9F 365 Church 416-591-7700 • from $250,000 Insert 14I The Nest 416-223-0003 • from $220,000 77 11H Riva del Lago 416-495-3544 • from $300,000 Insert 24c RC3 416-862-0505 • • from $220,000 47 18L The College 416-363-4800 • from $336,000 43 M14 No1 Yorkville 416-519-2911 • from $388,000 5 15I One Park Place South Tower 416-955-0559 • from $220,000 15 18k Water Tower at Eau Du Soleil 416-503-3328 • from $320,000 6 25B Totem Condominium 416-792-1877 • from $320,000 65 15H Dundas Square Gardens 416-645-8575 • from $200,000 73 17k The Code thecodecondos.com • from $320,000 27 13H Garrison Point garrisonpoint.ca • from $250,000 69 13N Howard Park 2 416-873-0989 • 59 9L CASA 2 416-486-2272 • from $320,000 IBC 15L CASA III 416-486-2272 • from $350,000 IBC 15L 11 Wellesley 416-861-1111 • from $250,000 11 15J Monde 416-466-8885 • from $330,000 22 17M Atmosphere 416-217-0300 • from $1200,000 IFC 15M One Bloor Residences 416-922-0081 • from $550,000 22 15I Charlie 416-927-9772 • from $970,000 23 14M X2 416-927-0080 • from $480,000 23 16J Riverhouse at the Old Mill 416-766-7343 • from $520,000 18 5L Chaz Yorkville Condos 416-922-0045 • from $300,000 31 16J Chaz Yorkville Condos 416-922-0045 • from $200,000 31 16J 12 Degrees 416-408-1200 • from $350,000 75 15L Imperial Plaza 416-925-2501 • from $986,000 3 15I Studio on Richmond 647-352-7736 • from $300,000 49 15M The Bond Condominiums 416-546-7525 • • 25 15G Yorkville Plaza II 416-966-3003 • • from $350,000 1 14H 1000 Bay 416-485-3000 • from $390,000 IBC 15J E Condos 416-243-8688 • from $300,000 19 14E E Condos 416-243-8688 • from $300,000 19 14E E Condos 416-243-8688 • from $300,000 19 14E Canary District Condominiums 416-603-7576 • from $250,000 51 18L Smart House 416-292-0219 • from $284,000 53 15L Smart House 416-292-0219 • from $284,000 53 15L The Harlowe 416-363-1771 • from $260,000 57 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 NXT at Windermere By the Lake 416-977-5300 • • from $350,000 8N VU 416-970-9500 • • from $370,000 16L Pears on the Avenue 416-323-0100 • from $382,000 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 155 REDPATH 416-996-5428 • from $210,000 14D River City 416-862-0505 • • from $250,000 18L River City 2 416-862-0505 • • from $250,000 18L
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
KIngstone Road Development Menkes Developments Inc. Tower Hill Development Corporation Easton’s Group Remington Group Easton’s Group Remington Group Monarch Corporation Tridel Corporation Greenpark Homes Tridel Corporation Bazis Inc. Pinnacle International Pinnacle International Tower Hill Development Corporation Madison Homes Lamb Development Corp. Centre Court Development Menkes Developments Inc. Neudorfer Corporation Cresford Development Corp. K-CAP Laird Inc. Tridel Corporation Pinnacle International Conservatory Group Tridel Corporation Times Developments Inc. MintoUrban Communities Inc. MintoUrban Communities Inc. Lanterra Developments Lindvest Canalfa Group Pemberton Group Lamb Development Corp. E-Park Development Emsatec Canada Inc Neudorfer Corporation Madison Homes State Building Group Empire Communities Lamb Development Corp. Tridel Corporation Harhay Developments Carttera Fernbrook Homes/Cityzen Dev. DHD Developments Lamb Development Corp. Harhay Developments Plaza Menkes Developments Inc. Lifetime Developments Aspen Ridge Homes Context Development Inc. Context Development Inc. The Brownstone Group of Companies The Brownstone Group of Companies Plaza Bazis Inc. Metropia Plaza Pemberton Group The Daniels Corporation The Daniels Corporation The Daniels Corporation Pinnacle International Lifetime Developments Lifetime Developments Concert Properties Triangle West Development Tridel Corporation Tridel Corporation Tribute Communities Tribute Communities Graywood Developments Mod Developments Inc. Canderel/Stoneridge Alterra Homes/Finer Space Andrin Homes Graywood/Beaverhall Development Cityzen Fernbrook Homes Fernbrook Homes Urban Capital Malibu Investments Inc. Alit Developments Tre Memovia Developments Lifetime Developments Castlepoint/Cityzen/Fernbrook Pianosi Developments Sorbara Group Streetcar Development Camrost - Felcorp Mizrahi | Khalili Developments Sorbara Group Graywood Developments Mod Developments Inc. Reserve Properties Reserve Properties Pemberton Group Streetcar Development Greenpark Homes The Daniels Corporation Tri-Win Developments Inc MintoUrban Communities Inc. Burnac Corporation Lifetime Developments Centre Court Development Streetcar Development Menkes Developments Inc. Fieldgate Homes Freed Carttera Solotex Mod Developments Inc. Reserve Properties Castlepoint/Numa Dundee Kilmer Developments Torbel Group Pemberton Group Baywood Homes TAS DesignBuild Lamb Development Corp. Lamb Development Corp. Freed Mansouri Living Menkes Developments Inc.
*TH: Townhomes, C: Condo
Telephone
TH* C*
Price Range
Page
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 Picasso on Richmond 416-495-3549 • from $400,000 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 33 Bay Residences at Pinnacle Centre 416-925-3325 • from $375,000 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 87 Peter menkes.com • Fuse Condos 416-534-4444 from $220,000 Lofts 399 416-867-3999 • from $590,000 The Upper House Condos in Leaside 416-425-1800 from $350,000 Alter 416-645-4599 • from $250,000 Palatila Collection 416-925-3325 • from $725,000 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 The Pinnacle on Adelaide 416-596-1600 • from $350,000 X2 416-927-0080 • from $303,000 Bisha Hotel & Residences 416-637-2211 • from $274,000 88 Scott 416-216-8588 • Art Condos 416-535-7775 • from $530,000 Two Old Mill 416-645-7022 • from $356,000 Old Mill 416-645-7022 • from $450,000 RCM I on University 647-351-9247 • from $393,000 Queen & Portland 416-363-4800 • from $315,000 5 St. Joseph 416-928-0555 • • from $250,000 5 St. Joseph 416-928-0555 • • from $250,000 DNA 3 416-929-1030 • from $220,000 Post House Condominium 416-964-2777 • from $350,000 The Berwick 416-922-9425 from $280,000 The Mercer 416-597-6940 • from $350,000 Backstage on the Esplanade 416-777-2533 Backstage on the Esplanade 416-777-2533 Vero 416-798-7070 from $250,000 Tableau Condominiums 416-591-8887 • • from $450,000 Tableau Condominiums 416-591-8887 • • from $350,000 Tableau Condominiums 416-591-8887 • • from $350,000 Carmelina 416-423-8500 • from $325,000 The Yorkville Condominiums 416-987-3344 • • from $550,000 L Tower 416-777-2533 • from $410,000 Perspective Condos 416-242-3500 from $280,000 thirtytwo Camden 416-860-0060 • from $240,000 8 Gladstone 416-690-9009 • from $335,000 Yorkville Plaza 416-966-3003 • • from $350,000 133 Hazelton Residence 416-926-9900 • 210 Simcoe 416-217-0210 • from $200,000 Five Condos 416-928-0555 • • from $375,000 Five Condos 416-928-0555 • • from $375,000 Rise 416-546-7399 • • from $290,000 Model Suite of the Month • Neon 416-987-7878 • from $470,000 The Carlaw 416-690-8588 • from $200,000 Allure Condominiums 416-487-7600 • from $350,000 Cinema Tower Condominiums 416-203-2020 • from $450,000 FAD Condos 416-815-1818 • from $250,000 30 Roe 416-915-3812 • from $350,000 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 90 Niagara 416-981-0036 from $363,000 SIXTY Colborne 416-601-0060 • from $300,000 SIXTY Colborne 416-598-7775 • from $300,000 Upper Beach Townes • The Massey Tower 416-966-0197 • • from $320,000 109OZ 416-531-4844 • from $300,000 The Sterling 416-777-2533 • • from $230,000 Canary Park Condominiums 416-603-7576 • from $250,000 Wallace Walk 416-531-1818 • from $210,000 TEN93 Queen West 905-326-4100 • from $280,000 TEN93 Queen West 905-326-4100 • from $280,000 Duke Condos junctionlife.ca King Charlotte 416-368-5262 • from $416,000 Theatre Park 416-368-5262 • from $537,000 Thompson Residences 416-360-0600 • from $280,000 The Perry 416-926-7555 • from $390,000 Harbour Plaza menkes.com •
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
Finder 23H 14M 14E 12N 12N 12N 12N 14M 12F 17L 15D 15I 17m 17m 13H 14E 19L 16L 15M 9k 14L 18D 16J 16M 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 15M 16J 16m 17M 12N 5L 5L 14M 15I 16J 16J 12N 16L 14D 15M 17M 17M 17M 15L 15L 15L 23J 15G 17L 4H 14L M12 14H 14I 15M 15J 15J 12H 12H 14D 19K 14F 14M 14M 14D 13I 16M 16M 12M 15M 14O 16L 16L 24G 16L 12M 9L 18L 9L 12F 12F 8K 15M 16M
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554
torontoregionalmaps: Toronto, East York, York
# 19 20 20 21 21 21 21 22 22 24 25 26 29 29 30 32 33 34 35 36 37 43 44 45 46 51 54 55 55 57 59 60 62 64 66 66 66 70 70 78 81 83 85 85 88 94 101 101 102 103 103 104 106 106 109 109 114 117 117 117 118 120 120 122 124 126 128 129 130 131 131 133 134 135 135 136 137 142 148 151 151 151 153 153 153 154 155 157 162 165 170 171 173 175 179 179 184 184 185 186 188 189 191 192 193 195 195 197 198 199 200 200 201 206 207 210 215 217 217 217 219 220 221
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torontoregionalmaps: North York
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Builder
Sorbara Group Torbel Group 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 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
Site
Telephone
TH* C*
Price Range
Page
Beacon beaconcondos.ca • 67 Diva Condo DivaCondo.com from $225,000 85 World on Yonge 905-771-7010 • from $284,000 35 The Station 416-398-9777 • from $420,000 55 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 • Emerald City Condominiums 416-492-0001 • from $256,000 Dreamtower At Emerald City 416-492-0001 • from $248,000 Biyu Emerald City biyucondos.com • from $250,000 Willow Park at Bayview 416-221-6767 • from $400,000 Posh Condominiums 905-771-0134 • from $544,000 Treviso Condominiums 416-787-8882 • from $250,000 Treviso II 416-787-8882 • from $250,000 Treviso III 416-787-8882 • from $250,000 Trio at Atria 416-645-8866 from $255,000 LIV Lofts 416-445-5638 • from $250,000 NY Place 416-221-3939 • from $250,000 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 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 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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Islington Ave
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Dixon Rd
12 Etobicoke
Rathburn Rd
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44 Bloor St W
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Dundas St W
Queensway
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
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11 53 3 56 39 4 37 6 33
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Horner Ave
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QEW
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Royal York Rd
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*TH: Townhomes, C: Condo
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Builder Insoho Developments Stanton Renaissance Devron Developments Lemine Investment Group Great Gulf Infinity Developments Monarch Corporation Queenscorp Residences City Core Monarch Corporation Edilcan Development Corp. Lash Group of Companies 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 Averton Homes Graywood/Beaverhall Development Davies Smith Liberty Development Corp. Monarch Corporation Empire Communities Averton Homes Tridel Corporation Amexon Development 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
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East Ave Port Union Rd
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* Due to scale restrictions, locators are d 1 see builder’s ads approximate. Please n R for sto exact locations. ng
Victoria Park
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Progress Ave
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Eglinton Ave E
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427 Morrish Rd
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Brimley Rd
Warden Ave
Pharmacy Rd
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Beare Rd
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Sheppard Ave E Conlins Rd
Milner Ave
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Ave
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65
Lakeshore Blvd W
Site Telephone TH* C* Price Range Page Finder Imagine Condos 416-367-7303 from $235,000 87 4F On The Go Mimico 647-692-8417 • from $250,000 93 23C The Academy academycondos.com • from $220,000 83 10D The Academy academycondos.com • from $220,000 83 10D One Sherway Condominiums 416-695-3535 • from $220,000 22 16G Residences at The Hunt Club 416-699-1711 • from $300,000 89 2H Lago 416-495-3544 • from $220,000 Insert 24c Watermark 416-354-2221 • from $307,000 97 19D Harmony Village Sheppard 416-493-0123 from $176,000 64 2C Waterscapes 416-495-3544 • from $400,000 Insert 26H Triumph at Valhalla 416-233-5554 • from $199,000 71 21F Me Condos 416-430-0003 • from $220,000 91 8D 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 Jasmine Condominiums 416-702-1234 • from $250,000 2C Ocean Club 416-255-4663 • from $250,000 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 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
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
101
2
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waterfrontmaps: Toronto
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
102
#
Builder
2
Concord Adex
Site
Telephone
TH* C*
FWD at Concord CityPlace
416-813-0999
• •
58 GREAT GULF
Monde
416-466-8885
1
Pemberton Group
Park Lake Residences
416-769-4343
Price Range
Page
Finder
44-45
13F
• • from $304,000
22
17M
• • from $250,000
3F
5
Concord Adex
Newton at Concord CityPlace
416-813-0999
3
Concord Adex
Quartz at Concord CityPlace
416-813-0999
• •
•
15M
12F
3
Concord adex
ParadeTWO Park Collection at Concord CityPlace
416-813-0999
• from $308,000
15M
4
Monarch Corporation
Nautilus at Waterview -
416-203-6636
• from $400,000
25H
4
tridel corporation
Aqualina at Bayside Toronto
416-514-2710
•
16E
5
Concord Adex
Newton at Concord CityPlace
416-813-0999
•
12F
6
Plazacorp/Berkley Community
West Harbour City
westharbourcity.com
• from $327,000
13E
7
Lifetime Homes
Waterparkcity – Neptune
416-203-3700
•
13f
8
Concord Adex
Panorama Elite Suites at Concord CityPlace
416-813-0999
• from $1,135,000
14F
8
Concord Adex
Luna Vista at Concord CityPlace
416-813-0999
• from $2,213,000
14F
8
CONCORD ADEX
Spectra at Concord CityPlace
416-813-0999
• •
14F
8
Cresford Development Corp.
NXT at Windermere By The Lake
416-977-5300
• • from $300,000
11f
8
Cresford Development Corp.
NXT2/Phase Two
416-977-5300
• • from $210,000
4E
9
Conservatory Group
Infinity Condominiums
416-214-1988
• from $250,000
14f
11 CAMROST FELDCORP
California Condominiums
sunsetcondos.ca
• from $242,000
25G
14 Canalfa Group
Liberty on the Park Condominiums
416-537-0047
• from $363,000
10F
15 Malibu investments inc.
LTD
416-601-2223
• from $200,000
12F
18 Fernbrook Homes/Cityzen Dev.
Pier 27 Residences On The Lake
416-367-3456
• from $300,000
11F
18 URBAN CPITAL
River City 2
416-862-0505
• from $250,000
18L
29 PINNACLE INTERNATIONAL
33 Bay Residence at Pinnacle Centre
416-925-3325
• • from $375,000
17M
60 CANALFA GROUP
Liberty Central by the Lake
416-537-0047
12N
*TH: Townhomes, C: Condo
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
•
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to 416-789-9554
King St W Bond St W Park Rd S Park Rd S
Phillip Mur
Price Range
og
Scug
Manvers
Page
Finder
Scugog
Dr
Ce rem on ial
Qu ee nS tE
St W
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or Qu Dr ee n
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Th eC oll eg ew ay
Sh Sp erid ea an km P an ark Tr Dr Dr us co tt Dr
La ke sh or eR dW
416-495-3544
• from $350,000
Insert
416-354-2221
• from $307,000
Water Tower at Eau Du Soleil
416-503-3328
• from $320,000
Schomberg Whitby
Oshawa
97 401
25C 24c
Newcastle 19D
6
25B
windcatcher development corp.
Atwater Condos
905-271-5038
• 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
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
TH* C*
Lake
Si
Uxbridge
Centre St.
Bloor St
Lindsay
Insert
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
Stevenson Rd
Whitby 7 Waterfront
Gibb St
Thornton Rd
Wentworth St
• from $390,000
Watermark
Adelaide Ave
Kendalwood R
401
King
416-495-3544 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
Telephone
Blair St
48
Hopkins St
Cannington
Rossland Rd
Manning Rd
Garden St Blair St
Bradford Tecumseth and Waterscapes Tottenham
Brock St S Henry St Gordon St
a
Keswick
Cochrane St
ew
riv
Georgina
n
Bayly St E Georgina Island 33 caygeo Bob
East Gwillimbury Further North Waterfront 400
Bv
Sim
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La
Ajax-Whitby
ly
Brock St N
Dryden Bv
1
*TH: Townhomes, C: Condo
eS co Sim
Stevenson Rd
Garden St
Baldwin St S
Taunton Rd W
Town of Whitby
e 401
Shoal Point Rd
Bay
Conlin Rd
Dundas St E
co
Pickering Beach Rd
Harwood Ave
Finley Ave
La Br ke id sh ge or Rd eR dW
25
Country Lane
Bu rn ha m th or pe Rd E
Lakeshore Blvd E
To Os
Thornton Rd
Thickson Rd
1518 20
R
Rossland Rd
Townline Rd
Mara
Audley Rd
Rd
Church St E
16 28
Evans Ave
Coronation R
Lakeridge Rd
Audley Rd
Salem Rd
Up pe rM idd le
8 Con
Garrard Rd
Eg Bu lin to rn Ra n ha th b m u th rn or Rd pe E Du Rd nd Th W as eQ St ue E en sw ay
Br ita nn ia Rd W
Av eW St ee les
26
Baldwin St N
Halls Rd N
4 Sideline R
Park Lawn Cedarbrook T
Royal York Rd
De rry Rd W
Duffs Rd
25
Taunton Rd WWaterfront Etobicoke
Alliston,
Riva del Lago 9
Stevenson Rd
Ashburn Rd
Cochrane
Country Lane
Lake Ridge R
d ll R Mi
4 Sideline
Salem Rd
Westney Rd N
Bu rn ha m th or pe Du Rd nd W as St W
d
orth Dr
24
Village of Gardiner Expressway in 1411 Brookl 2
Queensway
Horner Ave Rossland/Winchester
Oro
eD
28 empire communities
23
Brawley Rd Bloor St W
QEW
Kingston Rd
Barrie
21 22
Dundas St W
Town of Ajax 11
Adjala 9
6 Sideline
Greenwood Rd
25 queenscorp residences
4 Sideline R
Rd
Mono
Fifth Conces 12 11 9
Magill Dr
Lak
0
11 Monarch Corp. 10 18 Monarch Corporation
93
400
20
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
69
400
Beeton, Site
89
Shelburne
Ravenscroft
Hwy 5
k
Essa
19
Mississauga Taunton Rd E Waterfront Orillia
Church St S
Tosorontio Everett
7
Delaney Dr
Montgomery F
D
Builder
Squires Beach Rd
Angus
Brock Rd
Sandy Beach
nt
J
Liverpool Rd
u1g0 em ou
Vespra 401
Sunnidale Oakville Granite Court 90 Waterfront Lisle
Whites Rd
Rd ak rlo Bu
Ro
Paddock Rd
Church St N Riverside Dr Notion Rd
Glenanna Rd
Appleview Rd
Spruce Hill Rd e Lin
Stroud's
24 ings K
16 Sideline
27
4
Highview Rd
Sheppard Ave
#
Brock Rd sR Oak jor Ma Valley Farm
6
Wasaga Beach
I
69
Rossland Rd
Liverpool Rd
Fairport Rd
No ttin gh ll G Finch iAve ate
18
Columbus Rd
Bracebridge
27
3 Concession
17
Myrtle Rd W Rathburn Rd
6 Concession
Tay
nR Devo
Ke rr St
d
1
400
Brock Rd
Midland d
W QE
R ton
7 Concession
w th ra Rd
4 Concession Dr Ford
Dixie Rd
Altona Rd
25
Whites Rd
Rd
Tr em ai hne R d
Rd
RdRosebank Rd
d eR Lin
Rd Thornbury
Rd
Brock Rd
Rd
e Lin e Lin
6
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Oakville
Georgian Bay
Br gont e
3 40
8
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4
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9
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11
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103
condo watch
previews & registrations The Clairington by Castleridge Homes
Grand preview now on at Tower 2. Active adult living in a park-side condo, where Woodbridge meets Brampton. Register now. Web: TheClairington.com
The Anchors at Lakeview By Dunsire Developments
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
Coming soon to Mississauga’s lake shore. Register now for the VIP preview, and first pick of floor plans and suites. Web: AnchorsAtLakeview.com
ArtHouse Condos By Flato Developments
Construction is starting soon, where art lovers live in Markham. Visit the presentation centre and register for more information. Web: ArtHouseMarkham.com
Centro Square by Liberty Development
Now previewing, Phase 2 of this master-planned community in the heart of Woodbridge. Web: CentroSquare.ca
Daniels Erin Mills by The Daniels Corp.
New landmark community coming this fall to Erin Mills and Eglinton. Register to stay informed. Web: DanielsErinMills.com
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
104 new Condo Guide june 7 - 21, 2014
new releases & grand openings Royal Connaught by Valery Homes/Spallacci Group
Grand opening on June 7th – designer condo suites wrapped in historic luxury! Register now to own a piece of Hamilton’s history. Web: RoyalConnaught.com
HOT Condominium by Great Gulf
Phase 3 final release now on sale at Winston Churchill and Eglinton. Web: GreatGulf.com
Legacy Park by Liberty Development
New release! Be part of the grand finale at Thornhill City Centre – iconic architecture, urban suite designs and fabulous park views. Web: LegacyParkCondos.com
Grand Cornell Brownstones by Lindvest
Now open in Markham! A new collection of stacked condominium townhomes is coming soon to the established Grand Cornell community located at Ninth Line and Hwy. 7. Web: Lindvest.com
The Mark by Empire Communities
Now open at Markham Road and Bur Oak Avenue. Remarkable residences. Remarkable Markham. Web: TheMarkCondos.ca
GTA Edition June 7 - 21, 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
in the news
Home builders applaud
infrastructure investment Ontario Home Builders’ Association (OHBA)
applauds the significant transit and transportation infrastructure investments recently announced in the provincial budget. “The cost of the infrastructure investments outlined in the budget is being equitably allocated from the general tax base and through a targeted repurposing of the existing gas tax as was recommended by the Ontario Home Builders’ Association,” says DenOuden. “I’m pleased the province recognized that all Ontarians benefit from a functional transportation system, rather than unfairly targeting new neighbours and new employers to disproportionately carry the cost burden through new taxes, fees and charges.” President Eric DenOuden
The province has reported that new-home buyers and new businesses paid more than $1.8 billion in development charges to municipalities in 2013 alone for the construction of growth-related infrastructure OHBA was opposed to the proposed Metrolinx Investment Strategy, which would have made transitoriented communities less affordable by adding an
106 new Condo Guide june 7 - 21, 2014
additional one per cent to the HST, adding parking taxes on new businesses and increasing development charges by 15 per cent. “New-home buyers and new businesses are already doing their fair share,” says OHBA CEO Joe Vaccaro. “The province has reported that new-home buyers and new businesses paid more than $1.8 billion in development charges to municipalities in 2013 alone for the construction of growth-related infrastructure.” It is essential that the provincial government supports job creation through improvements to the business environment in Ontario, and OHBA supports efforts to streamline regulatory and approvals processes while eliminating red tape where it is redundant or unnecessary. Vaccaro adds, “OHBA looks forward to working with the provincial government to improve housing affordability and support job creation. We continue to work on ensuring the effective implementation of the growth plan, improving the apprenticeship system, and tackling the underground economy by supporting the government’s commitment to combat illegal building. The provincial government needs to create a more business-friendly environment to support economic growth.” The OHBA is the voice of the residential construction industry in Ontario representing 4,000 member companies organized into 31 local associations across the province. The industry contributes more than $43 billion to Ontario’s economy, employing over 325,000 people across the province.
Rising Tall on the Pulse of the City The best of Mississauga is here! Offering space to grow and room to stretch, now’s the time to explore brand new suites overlooking the city’s bright lights! With only 10% down, living the Grand Park 2 life is closer than you imagined!
NOW ON SALE! Brand New Suites From the mid $200,000s 403
Central Pkwy. W.
CALL OR VISIT US TODAY!
Hurontario St.
Webb Dr.
Confederation Pkwy.
Mavis Rd.
Grand Park Dr.
Burnhamthorpe Rd. W.
905.276.3981
PRESENTATION CENTRE
Dundas St. W.
N
3981 Grand Park Drive (Burnhamthorpe & Mavis) Mon to Thurs: 1-7pm Fri to Sun & Holidays: 12-6pm
PINNACLEINTERNATIONAL.CA VANCOUVER . SAN DIEGO . TORONTO .
Brokers Protected. Rendering is artist’s concept. Prices and specifications are subject to change without notice. E.&O.E.
CONDO PROFILE
Brand new suites released at
PINNACLE GRAND PARK 2!
a
s Pinnacle Grand Park starts to welcome residents to their new home, a new tower is preparing to redefine the Mississauga skyline. Rising 48 stories over the pulse of the city, Pinnacle Grand Park 2 offers a clean and contemporary appearance in one of the most highly desired locations in the Greater Toronto Area. Like its sister tower, the elegant new condominium, developed by Pinnacle International, is named after its address – Grand Park Drive. Pinnacle is thrilled to announce that a brand new selection of suites has just been released, making something that was good, even better! For example, some of the suites offer families the opportunity to live and grow in a junior two-bedroom or two-bedroom108 NEW CONDO GUIDE JUNE 7 - 21, 2014
plus-den corner suite, while taking advantage of an affordable price point. The new selection ranges in size from 628 sq. ft. for a one-bedroom-plus-den to 984 sq. ft. for a two-bedroom-plus-den. These suites are sure to impress and astonish buyers from all walks of life. Plus, all suites come with spacious balconies and offer incredible city and lake views. Designed by award-winning Tanner Hill Associates, Pinnacle Grand Park 2’s interior design will be the talk of Mississauga! From the moment you step foot in the grand lobby, luxury and tranquility will welcome you home. Each residence offers designer cabinetry, the choice of granite or quartz kitchen countertops, and stainless steel
appliances. The bathrooms will evoke a spa-like feeling with deep soaker tubs and quartz vanities. As warm and inviting as the suites may sound, residents will enjoy the resort-like amenities. For some, the highlight may be the fully equipped exercise room, while for others, lying out on the sun deck on a warm, sunny afternoon may be more up their alley. Between the party room, theatre, and barbecue area, the amenities package truly has something for everyone. Mississauga is a growing city, brimming with culture, lifestyle and recreation. Shoppers will be able to take advantage of stores like Target, Whole Foods and Holt Renfrew, while those who enjoy a night out can take in a show at one of the local theatres or Mississauga’s Living Arts Centre. Grabbing a bite to eat at one of the many restaurants is an easy and convenient way to end the night. While Grand Park 2 offers the necessities and pleasures of the city, it’s untouched by the hustle and bustle. Be sure to visit the Pinnacle Grand Park 2 presentation centre today to explore the brand new selection of suites, including three furnished model suites. With prices starting from the mid-$200,000s, living the “grand” life is closer than you imagined! The presentation centre is located at 3981 Grand Park Dr. (south of Burnhamthorpe, east of Mavis), in Mississauga. Hours are Monday to Thursday from 1 to 7 p.m.; Friday to Sunday and holidays from noon to 6 p.m. Visit PinnacleGrandPark.ca or call 905.276.3981.
ABOUT PINNACLE INTERNATIONAL Pinnacle International is one of Canada’s leading builders of luxury condominium residences, hotels and commercial developments. Based in Vancouver, Pinnacle has been involved in development, design, construction and management for over three decades. Pinnacle’s portfolio includes landmark locations in Vancouver, Toronto, Mississauga and San Diego, built with an eye to their signature style. A Pinnacle community is always placeperfect, with an élan of its own. To learn more about Pinnacle’s wide array of communities, download the Pinnacle iPad App, and be sure to follow them on Facebook, Twitter and Instagram.
JUNE 7 - 21, 2014 NEW CONDO GUIDE 109
SUMMER IS HERE...
E@D?G>5C
WELCOME TO THE
1D 3 1 B 4 9 > 1 < @ ? 9 > D
UPTOWNES DELIVER AN EXCITING NEW TWIST TO TOWNHOME LIVING! Summer is short enough. But with fabulous rooftop terraces, complete with handy BBQ hook-ups, enjoying the great outdoors is easier than ever! Whatever your style — from cutting edge bold to laid back traditional — Uptownes at Cardinal Point also offers plenty of exciting interior design opportunities to suit every lifestyle and taste. Uptownes are now under construction with our models opening this Fall! BILD 2014 P2G COMMUNITY OF THE YEAR BILD 2012 HOME BUILDER OF THE YEAR CHBA 2011 GRAND SAM AWARD WINNER
Prices are correct at press time and are subject to change without notice. Specic features are as per plan and series. Sq.ft. measurements are approximate. Map not to scale.
GREAT OUTDOORS ...AND THE LIVING IS EASY! 3'-6" PARAPET
Each spectacular townhome includes a
PRI VACY WALL
3-storey
private rooftop Up to 380 sq. ft.
terrace for
of entertaining,
sunny summer 3'-6" PA P RAPE T
afternoons.
dining and relaxing space complete with BBQ hook up!
55'' PAT ATIO IO DOO OOR RAILING
MECH ROOM
DN
Within walking distance of theatre, parks, art centre, shopping, dining GO Transit, and more, Uptownes has everything you love just steps from your door.
CONSTRUCTION HAS STARTED
LOFT INSPIRED CONDO TOWNS
geraniumhomes.com
SALES CENTRE
9th Line
SITE LOCATION
Millard St Bakerhill Blv
from
404
364900
$
John Davis Gate
Hwy 48
Two Bedroom Designs 1,401 to 1,639 sq. ft.
Mon to Wed: 1 – 7pm Wknds & Hols: 11am – 6pm Main St
Stouffville
#" - - " / 5 3 " & 4 50 6 ' ' 7 * - - & 1 0 35 ) 0 1 & 80 0 % 4 50 $ , See sales rep for details. The ENERGY STAR® mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. E & O E.
905-640-9999
quick tips
// by hellen buttigieg
a place and a space for everything
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.
W
hether you have a sprawling home with plenty of room or a cosy place that has little in the way of extra space, you need to create a system so that your home functions in a manner that accommodates your lifestyle. And whether you live large or small, chances are there’s a favourite spot in your home that sees more than its fair share of action. It’s a corner of the sofa you curl up in, or a spot at the breakfast counter that has a pile of things you want to get to “when you have a minute” which could use a little bit of help. Without designated spaces, you’re forever tucking things away that don’t have a real home – and wasting far too much time trying to remember where to retrieve them. Develop a place for each activity you do, and a space to keep those items that go with it to add some organization to your home – and your life!
112 new Condo Guide june 7 - 21, 2014
Where did I put the... Have you ever stored a special item in a safe place and then forgotten where you put it when you need it three months later? A simple solution is to create a document in Microsoft Word or a similar program on your computer to record the location of seldom-used articles. Use the ‘find’ feature in Word (located in the Edit drop-down menu) to retrieve the information quickly within the document. Be sure to name the document something obvious so you can find it on your computer. Name that room. Rooms that don’t have a specific purpose often become dumping grounds for clutter. Before you begin de-cluttering, go through your home, room by room, and determine how you want to use each space. Identify which items support the purpose of the room and which ones should be moved elsewhere. Keep a few boxes handy so you can easily transport smaller items to their appropriate rooms. Everything needs a home.
Whenever you bring a new item into your home, immediately find a permanent place for it to live. To help you determine the best spot for it, ask yourself what else is like it, and where (and how often) you will use it. Store similar things together and store items near their place of use. Items used daily should be placed in the most accessible areas (within arm’s reach), whereas seldom-used items can be stored in out-of-the way spaces. Keep a label maker handy to
label drawers, shelves and containers so you don’t have to rely on your memory when you need to find something quickly. What did I do with that manual?
Did you add new appliances and electronics to your collection recently? Staple the receipt and warranty to the instruction manual and tape it to the bottom of the item so it’s easy to find if you need to refer to it. For portable items like cell phones and MP3 players, store the manuals in an accordion file by category. Where did I leave my keys? The most common excuse for lateness? “I couldn’t find my keys”. It’s hard to be successful if you can’t even leave your home. Save yourself the frustration and embarrassment by simply making an extra set of keys and keeping them in a special place. Give another set to a relative or neighbour in case of emergency. Create a home for your keys and always place them there when you arrive. You can use a bowl, a small basket or a hook. If all else fails, attach a beeper to your keys that you can activate when they go missing.
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* Due to scale restrictions, locators are approximate. Please see builderâ&#x20AC;&#x2122;s ads for exact locations.
Bolton
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Pinnacle International
The Marquee Townhomes on the Park
905-568-9000
•
from $720,000
115
20K
7
Great Gulf
HOT
905-828-4257
•
from $220,000
23
16M
30 Pinnacle International
Pinnacle Grand Park 2
905-276-3981
•
from $250,000
107
20L
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
•
$,000
16K
The Clairington
905-793-0002
•
from $230,000
16E
3 Castleridge Homes
Telephone
TH* C*
Price Range
Page
Finder
4
Conservatory Group
Mirage
905-232-2400
•
from $270,000
20K
5
AMACON
PSV2
905-273-9333
•
$,000
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
34 Pinnacle International
Pinnacle Uptown, Crystal 2
905-568-9000
•
from $255,000
19K
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
#
117
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
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East
Town of Markham
12
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28
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905regionalmaps: Maple, Thornhill, Richmond Hill, Vaughan, Markham, Ajax, Whitby, Oshawa
26
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15
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407
16th Ave.
32
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7
Elgin Mills Rd
Leslie St
Langstaff Rd
31 Yonge St
7
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4
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Yorkland
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11
Major Mackenzie
401
Gamble Rd
Bathurst St
d
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Teston Rd
Nashville Rd
400
Jefferson Sideroad
Keele St
Kirby Rd
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401
Weston Rd
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Price Range
Page
Finder
13 Liberty Development Corp.
Legacy Park
905-731-8302
•
from $280,000
36-37
10g
44 Liberty Development Corp.
Centro Square Condos 2
905-851-8877
•
from $280,000
36-37
4G
46 Empire Communities
from $250,000
The Mark
905-554-5015
•
6
21E
1
Monarch Corporation
Garden Court
416-495-3595
•
16D
2
Flato Development
Arthouse Condos
905-554-8722
from $200,000
22E
4
Tridel Corporation
Renaissance of Richmond Hill
416-736-9500
•
from $740,000
12G
7
MintoUrban Communities Inc.
WaterGarden
416-915-3800
•
from $254,000
11G
10 Great Lands Corp.
The Beverly Hills Resort Residences
905-882-6636
from $250,000
13F
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
14 Remington Group
The Signature Condominium
905-948-9900
•
from $300,000
18F
20 Solmar Development Corp
Bellaria Residences
905-417-8482
•
from $240,000
7e
22 Quadra Mgt. & Sceptre Devs.
Renaissance Court at Woodbridge Gates
905-851-4220
•
from $505,000
3G
22 Wycliffe Homes
Fairground Lofts
905-605-5900
•
from $340,000
3G
24 Liberty Development Corp.
The Fountains
905-731-8302
•
from $272,000
10F
26 Rice Development
Ambria
905-796-3630
•
from $340,000
3F
28 Chestnut Hill Homes
San Francisco by the Bay
905-831-3631
•
from $200,000
22C
31 Pemberton Group
Miracle at Yonge
905-709-5700
•
from $280,000
12F
31 Pemberton Group
Sky City
905-709-5700
•
from $320,000
12F
31 Pemberton Group
Sky City 2
905-709-5700
•
from $320,000
12F
32 Liberty Development Corp.
Royal Gardens
905-889-9997
•
from $240,000
14f
32 Signature Communities
TAO Boutique Condos
905-597-2535
•
from $200,000
14F
34 Sierra Homes
68 Main Street
905-305-0822
•
from $250,000
22F
40 Nova Trimax
Allegra
905-850-6866
•
from $250,000
1F
41 Quadcam Development Group Inc
Vista Parc Condominiums
905-850-8883
•
from $260,000
3F
43 Guizzetti Developments
Grand Palace
905-907-4370
•
from $295,000
12E
45 Kylemore Communities
The 6th Angus Glen
905-887-9950
•
19E
*TH: Townhomes, C: Condo
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
•
•
Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554
I BUILD MEMORIES. “Since joining the company, I’ve found members and BILD’s staff very welcoming and have always made me feel at ease. Membership provides a platform that cultivates the building of solid relationships. For our company, BILD… Where absolutely everything you will ever need to grow your business lives!”
Vanessa Checchia, Décor Specialist Decorenza Service Professional Member Since 2002
I AM
Get Involved: bildgta.ca JUNE 7 - 21, 2014 NEW CONDO GUIDE 119
Model Suite Compliments of Amacon.
www.amacon.com
Parkside Village welcomes its most recent triumph to Mississauga’s first urban village - The Towns at Parkside Village offers up to 1,990 sq. ft. of living, sleeping and cooking space. Love Coming Home.
JUNE2014
Amacon has been featured as “MODEL SUITE OF THE MONTH” as seen in the New Condo Guide model suite calendar
homebuyersâ&#x20AC;&#x2122; help
condo buyersâ&#x20AC;&#x2122;
resource section Compare mortgage rates for your best deal Helpful tips for condo shopping and moving
june 7 - 21, 2014 new Condo Guide 121
homebuyersâ&#x20AC;&#x2122; help
Condo hunterâ&#x20AC;&#x2122;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:
122 new Condo Guide june 7 - 21, 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
2.97
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 2.95 6.70op
3.39
4.4 6.70op
3
3.65
2.69
3.69
4.09
Royal Bank 3 6.30op
3.14 3.04 3.75 4.54 6.30op
4.94
TD Canada Trust 3
3.09 2.79 3.44 2.97 6.30op
3.39
Tangerine
3.19
3.24
3.49
3.69
3.99
3.25
3.95
4.74
3
3.24
3.64
3.39
Manulife Bank 2.7 4.45
Presidentâ&#x20AC;&#x2122;s Choice Financial
3.05
2.89 2.99 3.04 6.50op
5 years
3.59
TRUST COMPANIES 6.5
3.14
Effort Trust n/a
Community Trust
n/a
4.45 6.30op
3.25 3.6 3.7 4.6 6.30op
4.95
Home Trust Company
2.5
2.89
3.95
2.89
2.94
3.04
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
2.97
Airline Financial C.U. 4
3.01 3.1 3.33 3.65 6.25op
3.99
Comtech Credit Union 2.95
6.2 6.40op
2.99 3.25 3.29 2.99 6.30op
2.99
First National Fin. LP
3.95
3.14
2.79
4.99
3.44
OTHER FINANCIAL INSTITUTIONS
2.77
3.09
FirstOntario C.U. 2.6 6.34op
3.09 3.14 3.29 2.89 6.34op
3.04
IC Savings
3.05
3.39
3.39
London Life n/a
3.14 3.14 3.75 4.64 6.30op
4.99
3.05 6.3
2.75
2.95
2.9
2.95
3.6
3.95
4.35
4.2 6.50op
Luminus Financial 2.55 MCAP
2.6
2.99
2.59
2.99
2.79
2.99
4.89
5.14
Meridian Credit Union 2.6 4
3.09 3.14 3.65 4.39 6.30op
2.95
Parama Credit Union 2.85
2.85 3.05 3.15 3.25 3.00op
3.4
Steinbach Credit Union
2.65
3.1
2.5
2.8
2.9
2.95
Notes **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice. R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE June 2, 2014. Prepared By Fiscal Agents Financial Information Services 905.844.7700
june 7 - 21, 2014 new Condo Guide 123
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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
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❏ Canada Revenue Agency
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❏ Stockbroker ❏ Credit card company ❏ Employer
january june 87 --29, 21, 2011 2014|new new Condo condo Guide Guide 125
index of advertisers 45 Charles Ltd. - Chaz Yorkville Condos
31
AMACON - Model suite of the Month
120
Aspen Ridge Homes - Studio on Richmond
49
Bazis Inc. - E Condos
19
Bazis Inc. - No1 Yorkville
5
BILD - Promo
119
Lemine Investment Group - The Academy
83
Liberty Development Corp. - Centro Square Condos 2
36-37
Liberty Development Corp. - Legacy Park
36-37
Liberty Development Corp. - World on Yonge
35
Lifetime Developments - The Bond Condominiums
25
Brandy Lane Homes - The Station
55
Lifetime Developments - The Code
27
BSaR Ltd - 12 Degrees
75
Luxury Living Magazine - Promo
68
Malibu Investments Inc. - Smart House
53
Camrost - Felcorp - Imperial Plaza
3
Camrost - Felcorp - Yorkville Plaza II
1
Canpages - Promo
127
Chinese Home & Condo Guide - Promo
52
City Core - Harmony Village Sheppard
63
Concord Adex - FWD at Concord CityPlace
44-45
Menkes Developments Inc. - 365 Church
Insert
Menkes Developments Inc. - Corporate
Insert
Metropia - E Condos
19
Monarch Corporation - Corporate
Insert
Cresford Development Corp. - 1000 Bay
IBC
Monarch Corporation - Lago
Insert
Cresford Development Corp. - CASA 2
IBC
Monarch Corporation - Riva del Lago
Insert
Cresford Development Corp. - CASA III
IBC
Monarch Corporation - Waterscapes
Insert
Cresford Development Corp. - Merton Yonge Condominiums
128
Pemberton Group - Corporate
8-9
Pinnacle International - Pinnacle Grand Park 2
107
Pinnacle International - The Marquee Townhomes on the Park
115
Devron Developments - The Academy
83
Digital Device - Promo
42
Dundee Kilmer Developments - Canary District Condominiums
51
Eastonâ&#x20AC;&#x2122;s Group - Dundas Square Gardens
73
Plaza Premium Lounge - Promo
56
Eden Shaw - Chaz Yorkville Condos
31
Queenscorp Residences - Watermark
97
Edilcan Development Corp. - Triumph at Valhalla
71
Rio Can - E Condos
19
Rockport Group - The Nest
77
Empire Communities - Rain Condominiums
6
Empire Communities - The HUB
7
Empire Communities - The Mark
6
Empire Communities - Water Tower at Eau Du Soleil
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Family of magazines - Promo Fernbrook Homes/Cityzen Dev. - Garrison Point Geranium Homes - Uptownes at Cardinal Point
124 69 110-111
Shopping Guide - Promo
114
Sorbara Group - Beacon
67
Spallacci Group - Royal Connaught
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Stanton Renaissance - On The Go Mimico
93
T.D. Bank - Corporate
33
The Daniels Corporation - High Park Condominiums
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The Daniels Corporation - One Park Place South Tower
15
Torbel Group - Diva Condo
85 43
Great Gulf - Charlie
23
Great Gulf - HOT
23
Great Gulf - Monde
22
Great Gulf - One Bloor Residences
22
Great Gulf - One Sherway Condominiums
22
Tribute Communities - The College
Great Gulf - X2
23
Tridel Corporation - Atmosphere
IFC
Tridel Corporation - Corporate
BC
Triumph Developments - Howard Park 2
59
Urban Capital - RC3
47
Urban Capital - Smart House
53
Great Gulf - Yonge+Richmond
23
Infinity Developments - Residences at The Hunt Club
89
Insoho Developments - Imagine Condos
87
Lamb Development Corp. - The Harlowe
57
Lanterra Developments - 11 Wellesley
11
Lanterra Developments - Riverhouse at the Old Mill
18
Valery Homes - Royal Connaught
Lash Group of Companies - Me Condos
91
Worsley Urban Partners - Totem Condominium
126 new Condo Guide june 7 - 21, 2014
113 65
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M ERTO N YO NGE TOWNHOM E S
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ONGE
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Introducing Atmosphere by Tridel. Set atop the ultra modern 300 Front Street West, this luxury collection of signature suites are beyond sophistication, beyond extraordinary. The height of luxury in downtown Toronto. arrange your private atmosphere model suites Tour today. Call 416.217.0300 or visit 20 John street, Toronto, On m5V 0G5 (Front & John streets) *Price and specifications subject to change without notice. Tridel®, Tridel Built for Life® are registered trademarks of Tridel and used under license. ©Tridel 2014. All rights reserved. E.&O.E. June 2014.
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Tridel communities across the GTA
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North York TRIO aT aTRIa Now Selling 416-645-8866 Sheppard, east of 404 alTO & PaRksIde aT aTRIa Under Construction 416-645-8866 Sheppard, east of 404 aRGenTO Under Construction 416-663-1818 Don Mills & York Mills aRIsTO Under Construction 416-730-0300 Yonge & 401 HullmaRk CORPORaTe CenTRe Under Construction 416-733-2883 Yonge & Sheppard toroNto sQ aT alexandRa PaRk Grand Opening 416-661-1949 Spadina & Queen alTeR Now Open 416-645-4599 Church & McGill aQualIna aT BaysIde Now Selling 416-514-2710 Queens Quay East on Lake Ontario 101 eRskIne Now Open 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
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. June 2014. *Price and specifications subject to change without notice.
etobicoke wesT VIllaGe Move In Today 416-620-1887 Etobicoke Civic Centre richmoNd hill RenaIssanCe Move In Today 416-736-9500 Yonge & Major Mackenzie
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