GTA New Condo Guide - Jun 6, 2015

June 6 - 20, 2015 Volume 19 Issue 12

FINAL RELEASE

INSIDE THIS ISSUE

5 WAYS TO BUILD A BETTER GTA

WHAT CONDO INVESTORS (AND THEIR TENANTS) REALLY WANT

THE LOGIC BEHIND PRECONSTRUCTION PRICING

Built to make a statement.

GRAND OPENING

tridel.com

SALES CENTRE GRAND OPENING JUNE 20TH & 21ST, 12 NOON SHARP

DIAMONDS ARE FOREVER JUST LIKE OUR VIEWS

COMING SOON, BRILLIANT LIVING AT AVENUE & ST. CLAIR FROM THE $300’S Blue Diamond at Imperial Plaza, a new 26-storey tower in the dazzling Forest Hill neighbourhood, brings new intensity to condominium luxury. Sublime amenities, superlative finishes and Toronto’s most radiant views. Experience the brilliance.

BE FIRST IN LINE FOR A GRAND OPENING INCENTIVE REGISTER AT BLUEDIAMONDCONDOS.CA SALES CENTRE: 1499 YONGE ST. (N OF ST. CLAIR)

FO L LOW U S :

@CAMROST

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

PRICES AND SPECIFICATIONS SUBJECT TO CHANGE. IMAGES ARE ARTIST CONCEPT. ERRORS AND OMISSIONS EXCEPTED. BROKERS PROTECTED

EDITOR’S NOTE

GET OFF THE FENCE AND MAKE YOUR MOVE

SUSAN LEGGE Editor-in-chief

Susan.Legge@ypnexthome.ca Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook Search: Condo Guide

During periods of market fluctuation and uncertainly, people may be hesitant to move or buy a home, saying they are waiting for “better times.” The issue with this approach is that better times usually become evident only after prices and interest rates have already risen. Potential homebuyers who have been sitting on the fence soon find they have missed a valuable opportunity to participate in a ripe marketplace.

Before you shop for a new home or condo, do your homework. Take the time to get pre-approved for a mortgage so you can shop with confidence.

Not only does being armed with a pre-approved mortgage define what you can afford, it locks you into today’s excellent mortgage rates for 90 days or more. Locking in means you don’t have to worry about rising mortgage rates and if they drop, yours should too.

Be sure to get your home-buying team together well before you shop. Choose an experienced builder/developer who is building in a neighbourhood you love, along with a specialized real estate lawyer and mortgage expert. Having these key people in place will make your transaction easier and less stressful, regardless of market conditions.

416 OR 905? BALANCING BUDGET AND LIFESTYLE

LYDIA MCNUTT Editor

Lydia.McNutt@ypnexthome.ca Follow me on Twitter at Twitter.com/LydiasTweets

2 NEW CONDO GUIDE JUNE 6 - 20, 2015

We’re all well aware of the importance of location when it comes to real estate.

Choosing the right one involves a careful consideration of lifestyle and budget.

A home is a big investment, so consider all the avenues – downtown, and out of town – before setting your sights on a particular neighbourhood.

You can’t dispute the countless benefits of a downtown address: employment, amenities and entertainment at every turn; a car-free, commutefree existence; and of course, rapidly rising real estate values. But for many hopeful homebuyers, it’s these sky-high values that put them on the doorstep of home ownership without the means to get their foot over the threshold.

By venturing outside of the 416, many home hunters are finding the square footage they desire at prices they can afford.

When I moved from the 416 to the 905, I heard comments like, “That’s so far!” My question is, “Far from what?” What do I really want and need close to home? Shopping, services and grocery stores? Check. Schools and parks?

Check. Access to highways and public transit? Check. All that, and the square footage my family needed in a home, made the 905 the right choice for us.

While a downtown dwelling would have been a blast in my heyday, my family has changed my view of “need” versus “want.” I’ve gladly given up pubs and clubs for schools, parks and movie nights in my dedicated media room.

Of course, the suburbs aren’t for everyone. Some thrive on the constant go, go, go of the big city, and find it’s the perfect place to live the single life or raise a family. Location really is a matter of personal preference. For those who don’t want to venture out of the 416, whether it’s for entertainment, convenience or the ROI factor, condos and townhomes provide all the benefits of a 416 address at an affordable price.

Consider your needs today and in the future, and explore everything the GTA has to offer. You may be surprised at where you end up!

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PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O.E. RENDERING IS ARTIST’S CONCEPT ONLY. *SEE SALES REPRESENTATIVE FOR DETAILS

JUNE 6 - 20, 2015 NEW CONDO GUIDE 3

NEW CONDO GUIDE

CONTRIBUTORS PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge DIRECTOR OF SALES

Moe Lalani ASSOCIATE PUBLISHER SWO NEW HOMES

Susan Maxwell ART DIRECTOR

Daiana Garay 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, principal designer of the award-winning Toronto Interior Design Group (tidg.ca), and regular guest expert on City’s Cityline. Check out Yanic’s accessory line, Yanic Simard Selected, online at ysselected.com

Wayne Karl Elisa Krovblit Sara Duck (on leave) DESIGN EDITOR

Yanic Simard

SENIOR SALES MANAGER

Conni Robinson SENIOR ACCOUNT EXECUTIVES

Dionne Fraser dionne.fraser@ypnexthome.ca Nina Downs nina.downs@ypnexthome.ca

SALES & MARKETING CO-ORDINATOR

Terry Bassett ADMINISTRATIVE ASSISTANT

Antoinette Jackson NATIONAL CIRCULATION MANAGER

John Jenkins PRODUCTION MANAGER

CONDO PRO

STAT CHAT

Barbara Lawlor

Ben Myers

Barbara Lawlor is president and CEO of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in the GTA and overseas.

Ben Myers is senior vice-president of Market Research and Analytics at Fortress Real Developments.

Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments.com/ news or follow him on twitter at @BenMyers29

INVESTOR ADVICE

Andrew la Fleur

Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto condo market. Visit TrueCondos.com/ NewCondoGuide for a free gift. Contact Andrew at 416.371.2333 or andrew@truecondos.com

Bala Gnanapandithan PRODUCTION CO-ORDINATOR

Sandra Hanak-Vujnovic GRAPHIC DESIGNERS

Viosa Barileva, Miguel Cea, Hannah Yarkony Sandra Hanak-Vujnovic, Mike Terentiev

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 ypnexthome.ca Call 416.626.4200 for advertising rates and information. distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices.

COPYRIGHT 2015 All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and offenders will be prosecuted under the law.

TERMS Advertisers, editorial content and New Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL Submissions from interested parties will be considered. Email to susan.legge@ypnexthome.ca.

The views and data expressed by columnists do not necessarily represent those of the publication.

ADVERTISING

CIRCULATION Free

Q&A

IN THE NEWS

HOT TOPIC

Lydia McNutt

Wayne Karl

Kara Kuryllowicz

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 Yellow Pages NextHome. Email Lydia at Lydia.McNutt@ypnexthome.ca and follow her on Twitter @LydiasTweets

Wayne Karl is an awardwinning writer and editor with experience in real estate and business.

In Fundamentally Speaking, Wayne explores the basics of buying property. Email Wayne.Karl@ypnexthome.ca or follow him on Twitter at Twitter.com/WayneKarl

Kara Kuryllowicz is a Toronto-based freelance business writer with a long-term interest in real estate, as both a homeowner and a landlord with investment properties. She loves living in Toronto’s Riverdale area as well as on an island in Pointe au Baril.

4 NEW CONDO GUIDE JUNE 6 - 20, 2015

Please recycle this magazine! Yellow Pages NextHome participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.

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U OF T

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MON. – THURS. & SAT. – SUN.: 12PM – 6PM, FRI & STATUTORY HOLIDAYS: CLOSED

BAY ST.

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SALES CENTRE AT 45 CHARLES ST. EAST: SUITE 203

BLOOR ST.

45 CHARLES ST. E. ISABELLA ST.

WELLESLEY ST. Exclusive Broker Baker Real Estate Inc. Brokers protected. *Speak to a sales representative for more details.

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

JUNE 6 - 20, 2015 NEW CONDO GUIDE 5

*PRICES, SIZES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. RENDERING IS ARTISTS’ CONCEPT. EXCLUSIVE LISTING BROKERAGE TFN REALTY INC. BROKERS PROTECTED E.&O.E.

OWN A PIECE OF TORONTO’S WATERFRONT Ask About Our Special Groundbreaking Incentives!

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Waterfront Living from the mid $300’s* Visit the Presentation Gallery and Model Suites at 2183 Lake Shore Blvd. West, off Marine Parade Dr.

Mon-Fri: 12pm-6pm Sat, Sun and Holidays: 12pm-5pm eaudusoleilcondos.com | 416.503.3328

*Prices, sizes and specifications are subject to change without notice. Rendering is artists concept. Exclusive listing brokerage TFN Realty Inc. Brokers Protected. E.&O.E.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 7

INTRODUCING THE

SOUTH TOWER AT CITYLIGHTS

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REGISTER NOW FOR THE EXCITING SECOND TOWER WITH NEW SUITE DESIGNS, AT YONGE & EGLINTON FROM $199,990 Following the spectacular success of CityLights’ North Tower we are now introducing the South Tower with gorgeous panoramic views, magnificent amenities and modern urban suites, just steps to all the excitement and energy of the neighbourhood.

CityLightsCondos.ca • 416.546.6605 Exclusive Listing Brokerages: Circle M Realty Corporation, Brokerage and Milborne Real Estate Inc. Brokers Protected. Prices and specifications are subject to change without notice. Illustration is artist’s concept E.&O.E 8 NEW CONDO GUIDE JUNE 6 - 20, 2015

CONSTRUCTION STARTING SOON!

LAST CHANCE AT PRE-CONSTRUCTION PRICING THREE WAYS TO SAVE UP TO $15,000* FOR A LIMITED TIME ONLY, MISSISSAUGA’S HIGHLY SUCCESSFUL MASTER-PLANNED URBAN COMMUNITY IS NOW EVEN GREATER VALUE! LOCATED JUST STEPS TO VIBRANT ERIN MILLS TOWN CENTRE WITH OVER 180 SHOPS, DINING AND SERVICES. LIVE NEAR EXISTING PARKS, TRAILS, PUBLIC TRANSIT AND SCHOOLS. DOWNTOWN ERIN MILLS OFFERS A FINE COLLECTION OF CONDOMINIUM DESIGNS WITH OUTSTANDING FINISHES AND INSPIRED AMENITIES.

MISSISSAUGA’S MOST STYLISH ADDRESS FROM THE $300’s

Erin Centre Blvd.

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Credit Valley Rd.

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SALES CENTRE: 4635 METCALFE AVE. HOURS: MON. - THURS. 12-7 PM, SAT. & SUN. 12-6 PM, FRI. CLOSED

*VALID ON 1 BEDROOM SUITES ONLY. SEE A SALES REPRESENTATIVE FOR DETAILS. EXCLUSIVE LISTING BROKERAGE CIRCLE M REALTY CORPORATION. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATION IS ARTIST’S CONCEPT E.&O.E.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 9

IN THE NEWS

Aqualina at Bayside kicks off TO’s newest community

By Sonia Bell

O

n May 22, one of Toronto’s newest condominiums, Aqualina at Bayside, officially broke ground. And as the first of eight buildings that will eventually make up a 13-acre master-planned community, the ground-breaking event also marked the beginnings of one of the city’s most highly anticipated neighbourhoods – Bayside, set in the heart of the emerging East Bayfront area. The $910-million community, which meticulously amalgamates residential, employment, cultural and commercial space, is expected to not only transform Toronto’s waterfront, but the city in its entirety.

Toronto mayor John Tory, who was present at the event, spoke highly of the project: “What we are doing with the revitalization of our waterfront is among our most important and exciting projects taking place across our city. This project is about bringing the community together; it is not only going to be a place to live, but it’s also going to have a dynamic space for artists and its going to have affordable housing, and these are two things that, blended together, are extremely important to creating the kind of Toronto we want moving forward... It’s going to make this city a global leader.”

The Bayside residential phase kicked off with a bang, starting with Aqualina at Bayside by Hines and Tridel. Designed by world-renowned architecture firm Arquitectonica, the 13-story condo will surely awe with its distinctive glass cubes, angled windows and large balconies facing the lake and skyline.

“We have never built on the waterfront in Toronto until this project,”

10 NEW CONDO GUIDE JUNE 6 - 20, 2015

said Tridel president Leo DelZotto. “And what was the attraction? The planned community. It isn’t a one-off, slap another building in between a bunch of other buildings, where nothing is harmonious. Bayside is a new frontier and sets a new standard for Toronto and what [the city] should be all about. The quality of buildings and the quality of life that is being created is what we want to be associated with... Toronto is a community that deserves the opportunity to enjoy its waterfront and we’re happy to be helping with the execution of that vision.”

Aqualina has a long list of defining amenities including: a multi-level rooftop with indoor and outdoor lounges, sun deck and infinity pool, game room, billiard room, fitness centre with a spinning and yoga studio, screening theatre, whirlpool spa and aqua lounge. Additionally, Via Vela, a two-storey walkway, will intersect the building creating a gateway from Bonnycastle to Sherbourne Common Park.

Upon completion, Bayside will offer 1,800 units across six residential buildings, two new office buildings housing more than 3,000 jobs, and will connect Torontonians from downtown to the water’s edge along Queens Quay.

Purchasers will not only benefit from a well-designed, amenity-packed condominium, but will have the opportunity to be a part of an emerging community offering everything from retail to public parks and an enviable waterfront.

Info at a glance: LOCATION: Queens Quay, adjacent to Sherbourne Commons SCHEDULED COMPLETION: Summer 2018 BUILDING SIZE: 13 storeys; 362 suites UNIT-TYPES: 1 bedroom, 1 bedroom + den, 2 bedroom, 2 bedroom + den, Signature suites SQUARE FOOTAGE: From 548 to 1,343 sq. ft.

PRICE RANGE: From $370,500 to $1.4 million WEBSITE: tridel.com/aqualina

11

CONTENTS

JUNE 6 – 20, 2015

VOLUME 19

ISSUE 12

COVER STORY

Bond 20 The unveils the Connected Collection

COLUMNS / NEWS / FEATURES 2

Editor’s Note

4

Contributors

10 In The News Aqualina at Bayside kicks off TO’s newest community

by Sonia Bell

14 BILD Report Removing regulatory barriers is key to prosperity

by Bryan Tuckey

16 Condo Pro What new condo investors (and their tenants) want

by Barbara Lawlor

12 NEW CONDO GUIDE JUNE 6 - 20, 2015

18 Legally Speaking Doling out the dough

by Jayson Schwarz

24 In The News Play, explore, create at the Children’s Discovery Centre 32 Investor Advice Why new condo developers price units below market value

by Andrew la Fleur

34 In The News Liberty Development launches the GTA’s Greatest Condo Home Show

38 In The News Ontario updates Condo Act, offering support for owners

by Taylor Stinson

40 Stat Chat Investors betting on the Canadian condo market to keep winning

by Ben Myers

50 In The News Price gap triples between new homes and condos

by Lydia McNutt

56 In The News Tridel rises in the west with grand opening of Islington Terrace

60 In The News Regional ups and downs coming to Canada’s housing market in 2015-16

80 Q&A SigNature Communities’ Sebastian Mizzi goes Downtown East

by Lydia McNutt

64 In The News Five ways to build better neighbourhoods in the GTA

by Wayne Karl

68 Designer Advice Beyond the basics: Five designer essentials

by Yanic Simard

78 Home Sweet Home Low lending rates changing Canadians’ mortgage habits

by Lydia McNutt

82 Condo Watch 416 Previews, new releases and grand openings in the 416 86 In The News City Core Developments breaks ground at Harmony Village Sheppard 88 In The News Empire Communities breaks ground on Eau Du Soleil waterfront condominiums

by Lydia McNutt

90 In The News Condo investors in it for the long haul

by Lydia McNutt

94 Hot Topic Pack your bags, swap homes and see the world!

by Kara Kuryllowicz

98 In The News The Davies: Thoughtfully crafted luxury residences on the park 108 Condo Watch 905 Previews, new releases and grand openings in the 905 113 Condo Buyers’ Resource Section 118 Advertiser Index

CONDO PROFILES

42 URBAN CAPITAL AND ALIT DEVELOPMENT The Ravine The Ravine offers families the ultimate backyard

52

LAMB DEVELOPMENT CORP. East 55 East 55 Condos presents the future of condo living

62

CENTRECOURT DEVELOPMENTS Grid Condos A lesson in location, value and smart design JUNE 6 - 20, 2015 NEW CONDO GUIDE 13

BILD REPORT

Removing regulatory barriers is key to prosperity

By Bryan Tuckey

I

n a recent column, I referenced the Ontario government’s review of four key pieces of legislation including the Growth Plan and the Greenbelt Plan.

The land and development industry is actively involved in the ongoing review process. We have a number of important recommendations to bring forward, all of which will significantly increase our industry’s ability to build quality, complete communities across the GTA. Among our list of recommendations is encouraging the province and municipalities to focus on removing barriers to intensification in areas that are ready for development. These regulatory barriers exist at municipal, regional and provincial levels, and are a significant source for delays in bringing new residential and commercial developments to market.

This is important because the province is forecasting that up to 100,000 people and 50,000 jobs will come to the GTA every single year for the next few decades. Through the Growth Plan, the province mandates that much of that growth be accommodated through intensification in order to protect land in the Greenbelt.

Removing barriers would not only make it easier to comply with the existing policies, but it would also save time and money. It’s unfortunate but true that any delays in the development process result in additional costs for new-home buyers and business owners.

The first step is for municipalities to implement a “making this happen” strategy by pre-designating and pre-zoning lands where they want intensification to occur. Zoning bylaws have to be updated, and targeting development to certain corridors will help reduce unnecessary delays and costs, as well as improve housing choice for new-home buyers.

Building homes that people can afford to purchase and businesses that can remain competitive has been a growing challenge for our industry, partially due to the perpetual increase of government fees and charges on

14 NEW CONDO GUIDE JUNE 6 - 20, 2015

new homes. These fees are taxes on new homes paid by new-home buyers and make up approximately 20 per cent of the cost of a home, according to an Altus Group study conducted a few years ago.

Our association has advocated for fair and reasonable government fees and charges for several years.

We understand that growth pays for growth, but new-home buyers already pay their fair share. It is estimated that more than $1 billion in development charges is paid to municipalities across the GTA every year.

All these factors act as barriers to the implementation of the Growth Plan, and BILD is proud to be at the table with our government partners on behalf of the industry and newhome buyers.

Bryan Tuckey is president and CEO of the Building Industry and Land Development Association and a land-use planner who has worked for municipal, regional and provincial governments. Follow him on Twitter @bildgta, facebook.com/bildgta and bildblogs.ca

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Whether you’re a dog lover, nature enthusiast, world traveler, or simply a fan of superb design, you’ll want to experience these beautiful interiors.

MODEL TOURS START ON SATURDAY, JUNE 13TH

BY APPOINTMENT ONLY! BOOK YOUR TOUR TODAY! 416.351.1844 info@danielshighpark.com PRESENTATION CENTRE: 2150 BLOOR STREET WEST Mon, Tues and Thursday: 12-6pm | Wed: 12-8pm | Sat, Sun & Holidays: 12-5pm | Fri: Closed *The 5% deposit program, parking and locker combination, as well as cash incentives ($20,000 cash back on studio and one bedroom suites, $25,000 on one bedroom + den or larger suites) are available on selected suites for a limited time only. Other conditions may apply.

See Sales Representative for full details. Exclusive Listing: City Life Realty Ltd. Brokerage. Brokers Protected. Prices and specifications are subject to change without notice. Illustrations are artist’s concepts. E. & O.E.

danielshighpark.com

CONDO PRO

What new condo investors (and their renters) want

By Barbara Lawlor

N

ew investment condos are becoming a popular practice with savvy savers who want to put their hard-earned dollars to work for them.

Historically, real estate has proven an investment that produces a better return on investment than many stocks and mutual funds over time. Real estate brings with it less risk, and unlike the complicated jungle of the stock market, is easy to understand for the masses. If you are considering an income property to round out your financial portfolio, follow the general rule of making location, location, location tops on your priority list.

When it comes to looking for a place to live, everyone – including renters – places location uppermost in importance. This means the address you choose must appeal to potential tenants who will want to rent your suite, as well as purchasers when you are ready to sell someday. Depending on your budget, you may select a condo in an established neighbourhood where amenities are in place, or one in an up-and-coming area where prices may be lower at the outset. My advice is to purchase in the best area you can afford.

What should you focus on? Today, easy access to public transportation and major highways is critical. Just look at the immediate success of condominiums that are going up on subway lines. In Toronto, young professionals want to avoid the costs associated with owning a vehicle, and when they live in a condo convenient to public transit, this becomes an option rather than a necessity. Even those who own cars want to minimize commuting time, so access to major thoroughfares is important. You will notice a trend in Toronto away from including parking spaces in condominiums. Examine how easy it is to get to bus and/or subway stops, and take a good look at what people can walk to from the condominiums you are considering.

If you purchase a large suite with two or three bedrooms, which may appeal to families, consider what kid-friendly amenities are nearby. Parks are important to most everyone nowadays, but particularly to those who have children and/or pets. Are there libraries close by? And what about schools?

Toronto has some very fine educational options.

After you have zeroed in on location, concentrate on the other components that are critical to your decision. Is the builder reputable with a track record for success? Do the amenities in the building hold appeal for a diverse market? Will the architecture fit into the surroundings well? Do the suite choices have balconies and great views?

Think about what you would appreciate as a renter and decide accordingly. The great news is that condominiums are such a good investment that even private equity firms, pension funds and big banks are looking to the condo market. The main thing is to buy now, rather than later, while mortgage interest rates are phenomenally low and before prices go up even more.

Enjoy the process of looking for your next fantastic investment. The choices across the Greater Toronto Area are amazing, with a multitude of locations that offer beauty and convenience.

16 NEW CONDO GUIDE JUNE 6 - 20, 2015

Historically, real estate has proven an investment that produces a better return on investment than many stocks and mutual funds over time. Real estate brings with it less risk, and unlike the complicated jungle of the stock market, is easy to understand for the masses.

Barbara Lawlor is president and CEO of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condominium developments in the GTA and overseas.

Uplifting news from Monarch.

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Picasso | Ready 2016 Downtown Toronto Under Construction 2 years free maintenance fees* and 1% off* Size from 844 sq.ft. to 1,231 sq.ft. from the $500,000’s*

By Appointment 416-495-3549

HOURS: Monday - Thursday: 12 - 6pm Weekends & Holidays: 12 - 5pm Closed Friday

first. *Limited time offer, some conditions apply. Please ask a sales representative for details. 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. 16584.

RIVA IS RISING! Now Under Construction Riva del Lago is now under construction! To celebrate, visit the Presentation Centre today where you can receive up to $25,000 Move-in Bonus* along with FREE parking and Locker.

Waterfront Boutique Condos from the $300,000’s to $800,000’s+*

WE ARE UNDER CONSTRUCTION

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GARDINER EXPRESSWAY Park Lawn Rd.

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Sales Centre Marine Parade Dr. Lake Ontario

first. *Limited time offer, some conditions apply. Please ask a sales representative for details. 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. 16584.

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JUNE 6 - 20, 2015 NEW CONDO GUIDE 17

LEGALLY SPEAKING

Doling out the dough

By Jayson Schwarz

A

t the closing of a new residential real estate transaction there are usually three groups who get paid: the builder, the government, and the lawyer. Each group involves the payment on fairly specific items, and the builder and your lawyer will collect from you for the government remittance.

Generally speaking, your lawyer collects all of the necessary money from your mortgage company and from you. You will need certified cheques, bank drafts or cash, because of your lawyer’s trust account requirements.

Here’s how the builder gets paid, and where all the money your lawyer wants, needs to go.

The builder will get paid the purchase price of the property less the deposit, plus certain other things. You may even get a credit for items called “adjustments.” The adjustments will be reflected on a document called the Statement of Adjustments which contains a multitude of details, all related to your original agreement.

The Statement of Adjustments will include the HST payable (the rebate will be broken out), the original purchase price on the property, real estate taxes, hydro expenses, common expenses and maintenance fees (as applicable), connection costs, levies and charges, to name but a few. This document is incredibly important. Review it carefully and get everything explained to you, so you understand all the charges that you are required to pay. It is at this point that you find out the final number you are paying to the builder for your new home.

The Ontario government and the City of Toronto will get paid a Land Transfer Tax, unless you are entitled to the rebate or exemption, and sales tax on goods (if applicable). There are many other items, but they usually show up on your lawyer’s disbursement account or trust reconciliation, as do many of the municipal compliance request charges.

18 NEW CONDO GUIDE JUNE 6 - 20, 2015

Okay, now what about that lawyer? First of all, you are going to pay the legal fee, whatever the amount the two of you agreed to.

You did of course have a pre-agreed fee, didn’t you? Then there is a list of disbursements. Disbursements are those monies expended by your lawyer on your behalf necessary to properly search and close the transaction. Be careful – it is here that someone may try to take advantage of you by charging large fax, mail and photocopy fees. Have your lawyer justify all expenditures that don’t make sense. Disbursements include registration charges, title insurance, couriers, searches of all kinds, and many other items necessary to close your transaction.

Remember, a large part of your closing costs is based on what you negotiate at the beginning of your purchase, and are outlined in your Agreement of Purchase and Sale.

Please remember, only a lawyer can provide legal service – that is the law!

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

PRESENTING THE CONNECTED COLLECTION AT THE BOND CONDOMINIUMS

BOND WITH TORONTO’S MOST THRIVING NEIGHBOURHOOD AND CONNECT TO COMMUNIT Y, CULTURE, CONVENIENCE, AND AN ADDRESS THAT’S PLUGGED INTO EVERY THING.

TWO ADDITIONAL FLOORS AND A LIMITED NUMBER OF NEWLY RELEASED UNITS ARE COMING SOON.

R E G I S T E R T O D AY F O R P R I O R I T Y A C C E S S , I N C E N T I V E O P P O R T U N I T I E S A N D S P E C I A L O F F E R S !

COVER STORY

The Bond unveils the Connected Collection LIFETIME DEVELOPMENTS OFFERS ONE LAST CHANCE TO OWN IN THE COVETED ENTERTAINMENT DISTRICT TORONTO’S ENTERTAINMENT District has been through a dramatic evolution. Beginning as a booming industrial district, then developing into a lively neighbourhood with a dynamic nightlife, the Entertainment District has just undergone what may be its most significant transformation yet.

Beckoning residents to the city’s core, Toronto’s decade-long condo boom has replaced clubs with condos, and the Entertainment District has been redefined as one of the city’s most sought after locations to live. Surrounded by cultural landmarks and exciting attractions, the Entertainment District now offers people the opportunity to live where their life is.

20 NEW CONDO GUIDE JUNE 6 - 20, 2015

“The transformation of the Entertainment District has been spectacular. The area has exploded with new restaurants and an evolving nightlife scene, as well as the services and features of a residential neighbourhood,” says Brian Brown, vice-president of Lifetime Developments. “Being able to live where you work and play has become increasingly important to buyers, and we are thrilled to be able to offer this opportunity in one of Toronto’s liveliest neighbourhoods.”

Located at the corner of Adelaide and John Street, The Bond Condominiums by Lifetime Developments is one of the area’s most successful and highly anticipated projects. Offering buyers a final opportunity for home ownership in this energetic neighbourhood, Lifetime has just announced the release of the Connected Collection – an exclusive selection of suites on the two top floors, and a limited number of newly released terrace suites.

“This will be buyers’ last chance to live at The Bond,” adds Brown. “Steps away from the John Street Cultural Corridor, The Bond really offers residents the chance to live at the centre of it all with an excellent pricing offer.”

To celebrate the release of the Connected Collection and the final suites at The Bond, Lifetime is offering a limited-time promotion of $15,000 cash-back on the purchase of studio, one-bedroom or one-bedroom-plus-den layouts, and $30,000 cash-back on the purchase of two-bedroom and larger layouts.

Purchasers can also look forward to only a 15 per cent deposit.

Designed by Charles Gane of Core Architects, the tower’s 42-storey dramatic glass and steel façade will be anchored by a bold geometric podium.

The stunning suite interiors are designed by Thomas Pearce Interior Design Consulting, and feature nine-ft. ceiling heights, floor-to-ceiling windows and spacious balconies in each suite – amplifying the suite’s panoramic views of the city and lake.

“ With a landmark location and desirable amenities, this new collection of suites won’t be available for long” Kitchens boast custom-designed cabinetry, a choice of natural stone or quartz countertops, tile backsplash and state-of-the-art European appliances. Bathrooms will also feature custom-designed contemporary cabinetry and the choice of natural stone or quartz countertops in addition to a five-ft. white soaker tub and a glass shower stall adorned with chrome fixtures.

With two levels of amenity space on the seventh and eighth floors, residents will enjoy the Urban Retreat featuring a private lounge complete with a wet bar, event kitchen, dining room and elegant double-sided fireplace; billiards lounge; golf simulator; and an outdoor terrace.

Upstairs, the Fitness Retreat features a weight and cardio training room, double-height yoga studio, outdoor pool and hot tub, plus a sun lounge equipped with a juice bar.

“We have long known that the Entertainment District was an area on the rise and given the right attention to detail and design, would be appealing to buyers,” says Brown. “With a landmark location and desirable amenities, this new collection of suites won’t be available for long.”

Visit Lifetime’s Inventory Boutique at 373 King St. West, Suite 302; call 416.546.7525; or go to thebond.ca for more information.

020-021 cover story The Bond_VB_L.indd 47

6/2/15 11:15 AM

N

W O N

E OP

THE RAVINE COLLECTION Due to the rapid success of The Southwood – Phase One (90% sold in eight weeks!), now is your chance to be a part of Toronto’s hottest new neighbourhood – The Upper Beach.

The Southwood Phase Two – The Ravine Collection, boasts unique architecture, urban lofts with contemporary finishes, large outdoor spaces, lots of in-suite storage, wide living and dining rooms, kitchen islands built for family gatherings, great amenities, and a rare opportunity to own a treetop terrace overlooking a beautiful ravine.

VISIT THE SOUTHWOOD PRESENTATION CENTRE 663 Kingston Road 416.750.7506 info@thesouthwood.com Monday – Thursday: 1pm – 7pm Saturday & Sunday: 12pm – 5pm Friday: Closed 10 MINUTES TO DOWNTOWN

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Renderings are artist’s concept. Prices and specifications are subject to change without notice. Exclusive Listing. Brokers Protected. E.&O.E.

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Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artist’s concept. 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.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 23

IN THE NEWS

Play, explore, create at the Children’s Discovery Centre GTA’S ONLY CHILDREN’S MUSEUM FOR KIDS SIX AND UNDER NOW OPEN

T

he Children’s Discovery Centre – the GTA’s only Children’s Museum designed specifically for kids – opened its doors at 45 Strachan Ave. with an official ribbon-cutting celebration. Joining CEO and founder Jeanhy Shim were Adam Vaughan, Member of Parliament, Spadina-Fort York; Mike Layton, City Councillor, Ward 19; Jennifer Keesmaat, Chief Planner, City of Toronto; Geraldine Mabin, educator and Advisory Board Member; and representing Toronto’s young citizens, Maya Jordan, Levi Aaron and James Tito.

In her remarks, Shim commented, “This passion project started only 18 months ago as a grassroots initiative and today with the support of other parents, friends, family and sponsors, we’ve brought this pilot project to life.” The Children’s Discovery Centre encompasses 20,000 sq. ft. of indoor space that will be open daily until Sept. 30 in its temporary location, donated by Diamondcorp and BUILD Toronto in the Garrison Point neighbourhood.

Shim describes the Discovery Centre “like the ultimate mash-up of the ROM, Ontario Science Centre and AGO for children six and under to play, explore, learn, create, get messy, dress up and use their imaginations.” There are 10 themed Discovery Zones, each thoughtfully designed by a team of early childhood development professionals and curators to stir the imagination and inspire our youngest children to learn through creative play.

24 NEW CONDO GUIDE JUNE 6 - 20, 2015

A residential construction boom is contributing to the growth and transformation of Toronto, and record numbers of young people are raising children in condos located in the core. Shim knows first-hand the challenges of child rearing in an urban environment, having a young daughter of her own. “This is not only a place for our youngest children to explore and play, but it will facilitate connections between parents, grandparents, nannies, day care workers, teachers and visitors to our city,” Shim says.

According to Statistics Canada figures, the number of children ages four and under, living in Toronto’s Downtown West area increased 55 per cent between 2006 and 2011.

In the next five to 10 years, a further 6,000 babies could potentially be born to condo residents living in this same area – 49 per cent of whom were 25 to 39 years in 2011.

“We project that this will effectively triple the number of families with young children residing in the downtown core, resulting in heightened demand for family-focused products, services, amenities and lifestyle experiences,” Shim adds.

Shim first had the idea for the Children’s Discovery Centre when visiting the Bay Area Discovery Museum in San Francisco with her nieces almost 11 years ago. In the intervening years, she continued to hone her research and marketing skills in the GTA’s housing industry while also becoming a mother and raising her daughter in a downtown condo. Finding a dearth of quality experiences and fun things to do with her own child rekindled the idea for creating Toronto’s first children’s museum for young kids. To help her achieve her goal, Shim has assembled an advisory board of highly respected early childhood development professionals.

“Our goal is to be the ultimate family-friendly destination in downtown Toronto, with an admission price well below other attractions catering to children,” says Shim. The pilot project will run until Sept. 30, 2015, by which time Shim and her team hope to have located a permanent home in the City.

The Children’s Discovery Centre is located at 45 Strachan Avenue, at Ordnance, and is open daily 9:30 a.m. to 4:30 p.m., including holidays. Individual play-all-day pass is $13 each plus tax. Infants under one are admitted free. Visit childrensdiscoverycentre.com

CONSTRUCTION BEGINS THIS SEPTEMBER. LAST CHANCE AT PRE-CONSTRUCTION PRICING. HIGH-RISE PROJECT OF THE YEAR. OPPORTUNITY OF A LIFETIME. With its win for High-Rise Project of the Year at the OHBA and BILD Awards, the profile of Yonge + Rich by Great Gulf seems to rise ever higher. That will soon be true in every sense, as construction of this landmark downtown residence is starting soon.

SUITES STARTING FROM THE MID $400S*.

VISIT OUR NEW MODEL SUITE. 26 Lombard St. | 416.499.8883 | yongeandrich.com Mon to Thurs 12pm - 6pm, Sat & Sun 12pm - 5pm

Illustrations are artist’s impression. *Prices, sizes and specifications subject to change without notice. E.&O.E. Exclusive Listing: Baker Real Estate Incorporated, Brokerage, Brokers protected. Details accurate at time of printing.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 25

COME PLAY! NOW OPEN DAILY

A place for kids 6 and below to play, explore, create, get messy, dress up and exercise their imagination.

Visit the Children’s Discovery Centre for an educational, dynamic and wonder-filled experience. Toronto’s only hands-on children’s museum!

N

King St. W.

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childrensdiscoverycentre.com 26 NEW CONDO GUIDE JUNE 6 - 20, 2015

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FOREVER An icon of the past gives way to a landmark of the future on Toronto’s Waterfront. This fall, The Daniels Corporation will unveil Lighthouse Tower at Daniels Waterfront – City of the Arts, a master-planned, mixeduse community surrounded by creativity, inspired by arts and culture, and driven by innovation.

This visionary gateway to the East Bayfront, where Lower Jarvis meets Queens Quay, will introduce a new era of living, offering residents panoramic lake and city views, exceptional amenities, luxurious suites, and endless conveniences at your doorstep, including Sugar Beach North, a beautiful promenade featuring retail and public art, linking to Canada’s iconic sandy Sugar Beach to the south.

ARRIVING THIS FALL SUITES FROM $279,900 DIVE INTO AN ARTS-INSPIRED LIFE ON THE WATERFRONT! REGISTER NOW!

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Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artist’s concept. Prices and specifications are subject to change without notice.

E.&.O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 27

28

29

When the subway is next door and Bayview Village is across the street... the address is Vida.

COMING SOON Condos at Bayview Village from $199,990 Introducing Vida. Inspired condominium living, next to the subway, across from Bayview Village, with all the elements of the good life.

Live Life Connected.

Register at vidacondos.com • 416.304.1212 Exclusive Listing: Baker Real Estate Incorporated Brokerage.

Brokers protected. Prices and specifications are subject to change without notice. Illustrations are artist concept. E.&O.E. 30 NEW CONDO GUIDE JUNE 6 - 20, 2015

PURE PASSION. PURE PLAZA. ONE OF TORONTO’S TOP CONDOMINIUM BUILDERS WITH OVER 3,200 SALES IN THE LAST THREE YEARS.

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King West - Building Now Registered: 65, 75, 85 East Liberty St., Toronto Sales Office Located at 125 Western Battery Rd. 647.341.1731 The Tower - Building Now Registered: 125 Western Battery Rd., Toronto Sales Office Located at 125 Western Battery Rd. 647.341.1731 York Harbour Club 35 Bastion Street & 38 Grand Magazine Street, Toronto Sales Office Located at 24 Grand Magazine Street 416.214.4517 Ivory on Adelaide 400 Adelaide St. East, Toronto Sales Office Located at 125 Western Battery Rd. 647.341.1731 Edge 2-6 Lisgar Street, Toronto Sales Office Located at 1151 Queen Street West 416.516.5848

NOW UNDER CONSTRUCTION EPIC - Occupancy Date January 2015: 48 Abell Street, Toronto Sales Office Located at 1151 Queen Street West 416.516.5848 Musée - Occupancy Date July 2016: Pre-construction Pricing 525 Adelaide Street West, Toronto Sales Office Located at 50 Wellesley St. East 416.862.0888

NOW OPEN 50 at Wellesley Station - Occupancy Date June 2017: 50 Wellesley St. East, Toronto Sales Office Located at 50 Wellesley St. East 416.862.0888 1 Yorkville - Occupancy Date January 2018: 1 Yorkville Ave., Toronto Sales Office Located at 162 Cumberland St. 416.519.2911

COMING SOON The Met at Vaughan Metropolitan Centre Vaughan across from the NEW TTC Subway Station 170 Spadina at Queen Toronto Theatre District Toronto Presentation Centre Hours: Mon–Thurs: 12pm–6pm Fri: Closed Weekends & Holidays: 11am–5pm

Keep updated by following us: Brokers protected. Prices, sizes and specifications subject to change without notice. E.&O.E.

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INVESTOR ADVICE

Why new condo developers price units below market value

By Andrew La Fleur

I

had a great question from a new condo investor client recently. I was explaining how some new condo projects are priced below current available resale condos, when my client asked me: Why would a Toronto condo developer sell a pre-construction condo below market value? Good question! And there is some logic behind the price tag.

But before I answer that question, here’s a little background. You see, when it comes to condo investing, I have two cardinal rules that I always tell my clients to follow.

If you follow these two rules you will always cash in on the condo market: #1: Always buy a pre-construction condo below market value.

If you buy a pre-construction condo that will not be completed for three to five years which is priced below what comparable finished condos are selling for, you get built-in equity from day one that will serve to provide you with a)

32 NEW CONDO GUIDE JUNE 6 - 20, 2015

tremendous upside potential on price appreciation, and b) insulation against any potential downturns in the market between when you buy and when the building is completed. #2: Always buy a pre-construction condo that will be cash-flow positive.

If you buy an investment condo that is cash-flow positive (potential monthly income is greater than potential monthly expenses with 20 per cent down payment) then you will always earn positive income on the property regardless of what happens to the price (up or down) of that property.

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At the Menkes Condo Centre on Bay Street, you can explore the city’s best condos from one convenient location. Discover five of our latest downtown developments, each ideally located to offer the best in shopping, dining and entertainment. It might be hard to choose your favourite.

Learn more at 770 Bay Street. Book an appointment by calling 416.591.7700 or visiting us online at menkes.com

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Under Construction Richmond & Spadina, Toronto Starting from the mid $300’s 416.591.7700

Move In This Summer Avenue & Davenport, Toronto Starting from $420,000 416.323.0100

Move In This Spring Yonge & Park Home, North York Starting from $836,990 416.730.9722

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Prices and specifications are subject to change. E.&O.E. May 2015. 24473

2) Because the pre-construction condo market In Toronto is a buyer’s market.

For most of the last decade it was seller’s market. Before it was pretty much a given that prices would rise by around eight per cent every year and therefore if you bought a little above current market values you would not worry because you knew that in a couple years, prices would be much higher.

Today there are no guarantees.

Buyers are more cautious and recently, prices have been more or less flat.

Always buy a preconstruction condo that will be cash-flow positive Generally speaking, if you follow rule #1, then rule #2 takes care of itself because a condo priced below current market value is cash-flow positive 90 per cent of the time.

So, back to the original question: Why would a condo developer sell a pre-construction condo below market value?

There may be a number of reasons why a condo developer in Toronto would take this approach to pricing, but I need to emphasize that this type of pricing is not a given when it comes to pre-construction condos.

In fact, I would say that most new condo projects out there are priced higher than comparable resales. This was certainly true for the better part of 2010 through 2012 during the last condo boom. Now the market has shifted back in favour of buyers as the number of new condo sales are down and inventory is up. Here are three reasons why some developers are pricing their buildings this way now: 1) To keep condo investors happy.

Developers realize that if they want to sell out a building with 300 or more units – one that will not be completed for several years – they won’t do it by marketing to end-users alone. They need investors to buy suites so they can get construction financing to get the project out of the ground.

So how do you attract investors, and more importantly, how do you ensure they will be repeat buyers that keep coming back every time you launch a new building? Simple. Offer them something worth investing in. Something with a huge upside potential. And that is the primary reason why they price their buildings below current market resale values.

3) To sell out the building quickly.

Momentum is so vitally important when selling a condo building with hundreds of units. Developers can save millions of dollars in marketing and ‘soft costs’ if they are able to sell out a building in a few months rather than dragging things on over a few years.

They have a strong incentive to reach 70 per cent sold as quickly as possible and the best way to sell out a building quickly is to price it low and generate as much ‘buzz’ as possible especially during the first 30 days after launch when buyer interest in the project is at it’s peak.

Andrew la Fleur is an awardwinning 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

JUNE 6 - 20, 2015 NEW CONDO GUIDE 33

IN THE NEWS

Liberty Development launches the GTA’s Greatest Condo Home Show

C

ondo purchasers, prepare yourselves. The GTA’s Greatest Condo Home Show by Liberty Development is changing the way people buy units in new condo buildings, and making it easier than ever.

CondoHomeShow.ca is a unique, user-friendly website for new homebuyers and sales agents alike, to see which suites within the developer’s newly completed condominiums are still available. A simple layout with easy navigation offers convenient access to suite sizing, pricing, floor plans, and actual photos of the suites and amenities, as well as the ability to instantly request a personal appointment to visit available suites.

“The Condo Home Show website is innovating our approach to individual customers and the agents that may represent them,” says Marco Filice, senior vice-president and general counsel at Liberty Development. “Electronic registration and booking requests are delivered directly to experienced senior sales agents, suite information is readily available to customers within hours, and we offer customized appointments off-hours to cater to busy professionals.”

The move-in-ready-focused Condo Home Show website connects ready suites with clients eager to move within 10 to 30 days. Visitors to the website are provided with a wealth of information upfront, and upon making an inquiry or booking a showing, Liberty intends to have a dedicated senior sales agent respond within hours, ready to help buyers purchase their new home immediately.

To celebrate the launch of the GTA’s Greatest Condo Home Show by Liberty Development, the first 10 purchasers through the Condo Home Show booking page will be rewarded with up to $500 toward moving truck fees.

“For some people, visualizing the finished product from the floor plans can be difficult. This website connects us to homebuyers who may have been interested in our completed developments, but hesitant to buy preconstruction,” adds Filice. “Now they have a second chance. Buyers can book a showing directly through us, walk through their new home with one-on-one sales attention and have all of their questions answered on the spot.”

Known for creating some of the GTA’s most successful, green, mixed-use and transit-friendly communities, the award-winning Liberty Development Corporation strategically builds in prime locations that put residents at the centre of it all, creating communities for people to live, work, shop and play. Currently profiled on Liberty’s Condo Home Show website are suites at World on Yonge in Thornhill, Royal Gardens in Richmond Hill, and Terrace on Danforth in Toronto.

34 NEW CONDO GUIDE JUNE 6 - 20, 2015

Park View at Parkside Towers at World on Yonge

The model suite at Royal Gardens Condos in Richmond Hill

The model suite at Terrace on Danforth

To see how Liberty makes it easy for new homebuyers to book a showing or to find out more information about available suites at each of these projects, visit CondoHomeShow.ca.

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* Limited time offer, restrictions apply. On select units. Prices do not include parking. See Sales Representative for details. All illustrations are artist’s concept only. © 2015 Liberty Development Corporation. All rights reserved. Brokers protected.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 35

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IN THE NEWS

Ontario updates Condo Act, offering support for owners

By Taylor Stinson

G

ood news for Ontario condo owners: there’s soon to be more protection in place for the approximately 1.3 million residents who live in a condominium in the province.

With about 700,000 condo units and 10,000 condo corporations, the Ontario government has proposed the new Protecting Condominium Owners Act in order to improve consumer protection in the condo sector.

About half of all new home construction in the province is condo towers. Due to quickly emerging growth in the condo market, the Ministry of Government and Consumer Services reviewed the current Condominium Act using a collaborative public process, receiving over 2,200 submissions from condo owners, developers, managers and industry experts. Many of the respondents clearly articulated the need for more protection for condo buyers, as well as improvements in how condos are run and managed, and the financial sustainability of the buildings.

Ontario is set to create a Condominium Authority, which will provide dispute 38 NEW CONDO GUIDE JUNE 6 - 20, 2015

resolution, consumer protection, financial management, govern how condos are run and set stricter rules about condo manager licensing and training. This range of services is mainly to ensure that condo owners won’t have to go to court over a conflict with the condo board or a neighbour, but also to give owners more access to crucial information about their buildings and financial management.

A $1-per-month levy will be paid by condo owners in order to fund the Condominium Authority, as well as fees paid by condo developers. The Authority will be required to publicly disclose information, and be subject to oversight by the Auditor General for the purpose of transparency.

The idea is that the Authority will mainly provide advice for condo owners and mediation services to resolve disputes such as noise complaints or bylaw infractions, but it will also serve as an easier way to get financial documents from the condo board of directors.

The proposed act would also set extra safeguards to protect condo owners and help them make informed decisions about their purchase.

It would require developers to give prospective buyers a copy of an easy-to-read guide to condominium living at the time of sale, and provide clearer, more comprehensive rules to prevent buyers from being surprised by unexpected costs after purchasing a newly built condo.

Not only will condo owners have increased protection against developers, but they will also be protected against fraud and mismanagement on the condo management level, and they will have some input and further clarity on financial matters. The proposed act would further make it easier for condo owners and boards to participate and vote at meetings.

The changes to the Condominium Act will also help buyers avoid unexpected costs relating to surprise hikes in condo fees, be they a result of confusing wording by a condo developer or due to inadequate reserve funds. All of the rules are meant to enforce clear contracts, make it easier for individual owners to feel as if they have a voice on the condo board when it comes to certain issues, and will hold boards accountable for their directors and provide basic training.

STAT CHAT

Investors betting on the Canadian condo market expect to keep winning

By Ben Myers

W

ith the rising popularity of TV shows that investigate, sensationalize and embellish house flipping, most people have at least given thought to owning an investment property (regardless of their financial situation). If you talked about the idea with a friend or relative, there is no doubt that one of those conversations included a disapproving furrowed brow, a roll of the eyes, or a shaking of the head by the person you are talking to. There is a lot of skepticism about investing in real estate. Is it really a big gamble?

A lot of people I know like to bet on the condo market in Canada, especially pre-construction highrise projects in Vancouver and Toronto. In the Vancouver CMA over the past 12 months, approximately 7,000 condominium apartments have been completed. In the Toronto CMA, a record high of nearly 28,000 units have completed, and there has been much talk of both markets being over-supplied. Despite this talk, condo investors have continued to buy, and many existing investors still believe the value of their units will continue to go up. A Canada Mortgage and Housing Corp. (CMHC) survey of almost 43,000 condominium owners in those two metro areas revealed that 55 per cent of investors believe the value of their property will increase over the next year. Naysayers might respond by saying: investors tend to be overly optimistic. That is not the case. Sixty per cent of condo owners that live in their units (endusers) also anticipate that their home will appreciate in value over the next 12 months.

Another common hypothesis is that condo investors have less to lose, they are not putting much down and are leveraging themselves through the roof. Many also believe that these investors are in it for the short term, and are more likely to get hurt if the market takes a turn for the worse. The results of the CMHC survey indicate that neither of these theories are correct.

Only 36 per cent of condo investors made a down payments of less than 20 per cent on their suite, while 41 per cent of endusers did. Nearly one-quarter of all condo investors have held their unit for over 10 years, and 53 per cent of investors plan to hold their suites for five years or more.

40 NEW CONDO GUIDE JUNE 6 - 20, 2015

If you are betting on the Toronto condominium market, I would suggest holding the unit for five or more years, and making a down payment of 20 per cent or greater.

This approach has worked well for many investors during this current condo boom. These private landlords don’t think the boom is ending in 2015 either. Sixty-four per cent of Toronto condo investors believe the value of their unit will increase over the next year, up from 56 per cent last year. With April condominium resale values up six per cent annually, it looks like folks that have bet on condos have won again.

Ben Myers is senior vicepresident of Market Research and Analytics 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

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CONDO PROFILE

THE RAVINE OFFERS FAMILIES THE ULTIMATE BACKYARD

B

eautiful, sprawling backyards aren’t just for houses anymore. Typically, a big greenspace is an asset only suburban homes could enjoy, while condo owners are left to their little strip of outdoor amenity space. Compromise is no longer a hurdle for buyers of Urban Capital and ALIT Development’s newest master-planned community, The Ravine. The new development, named after its most incredible natural amenity, is gracefully set amongst 13 acres of rolling greenbelt heartland on York Mills Road overlooking the Don Valley.

At The Ravine’s doorstep is the sprawling Brookbanks Park, where birdwatchers will find over 102 species of birds to track, along with collections of owls and foxes, who 42 NEW CONDO GUIDE JUNE 6 - 20, 2015

find their home amongst tranquil rivers, well maintained trails and expansive woodsy land. Families can spend their weekends exploring their surroundings, be it hiking, cycling, enjoying the new playground and splash pad, or throwing a ball around.

“There are few locations in this city where you can get to work in under a half an hour and spend evenings with your family exploring acres of park space, quite literally in your backyard,” says Urban Capital co-founder and partner Mark Reeve. “We are giving families an entirely new urban option – one with a backyard that’s hard to beat.”

An affordable, convenient and tranquil home is available without compromising location. The Ravine is conveniently serviced by major freeways including the Don Valley Parkway and Hwy. 401, strategically located south of the bottleneck at DVP/401 interchange. Transit access to downtown is only 30 minutes via the TTC Express Bus that stops in front of the building. Located at 1213 York Mills Rd., The Ravine is attracting families who don’t want to choose between location and outdoor space.

The Ravine’s rolling landscape is comprised of the picturesque Brookbanks Park and Deerlick Creek – a large slice of Toronto’s sought-after park space in the York Mills area. The first phase of the development will include 336 units in 29 storeys, with The Ravine community eventually totaling seven distinctive buildings carefully placed along the perimeter of the natural parklands.

“We are giving families an entirely new urban option – one with a backyard that’s hard to beat” On-site condo amenities encourage the enjoyment of the outdoors. With inspiration taken from Frank Lloyd Wright’s use of natural materials, The Ravine brings the outdoors in to celebrate the gorgeous surroundings. The eighth-floor rooftop terrace welcomes family gatherings with a lounge, barbecue station and fire pit – all with picture-perfect views of Toronto’s nearby downtown core. For larger gatherings like birthdays or holidays, there is also the Cecconi Simone-designed party room lounge, which leads to an outdoor terrace that recreates a Europeaninspired café patio with street-level views. The dog washing bay and dedicated outdoor yoga studio are also great assets for the active set.

Making it possible to throw around a ball or go on nature walks with your kids without sacrificing location, The Ravine is priced affordably with units starting in the mid-$200’s. The building is conducive to families of all sizes with a range of suite sizes, plus floor plans purposefully designed to be combined for extralarge family suites. Whatever size the unit, one thing is certain – backyards in Toronto don’t come any bigger than the lush acreage at the foot of The Ravine.

Visit The Ravine’s sales office at 1213 York Mills Rd. to see interactive drone videos and a fly-through of Brookbanks Park and Deerlick Creek. For more information about this masterplanned community in the heart of nature, visit theravine.ca.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 43

44

46 NEW CONDO GUIDE JUNE 6 - 20, 2015

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A ONE-WAY TICKET UP! Still in pre-construction, One is the first, landmark residential tower of The Kip District community and your opportunity to make the investment of a lifetime. Located at Kipling and Dundas, this new community of five sleek towers sits just minutes away from the Kipling subway and GO stations, making it a commuter’s dream.

Tired of traffic? Jump onto The Kip! PRE-CONSTRUCTION PRICES START AT JUST $232,900

Visit the Sales Centre Today! 5143 Dundas St. West TheKipDistrict.com | TheKip@ConcertProperties.com Rendering is artist’s concept. Prices, availability, design and specifications subject to change without notice. E.&O.E. April 2015.

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Get Social with us: *Limited time offer. See Sales Representative for more details. Marketed by International Home Marketing Group. Prices and specifications are subject to change without notice. Renderings are artist’s concept only. E. & O.E. Brokers protected.

IN THE NEWS

Price gap triples between new homes and condos

By Lydia McNutt

“A significant factor in the rising cost of new homes has been increased demand that is far outpacing supply, particularly in groundrelated housing”

W

hat’s the difference between new lowrise and highrise homes in the GTA? A mind-boggling $326,659, according to figures released recently by the Building Industry and Land Development Association (BILD). The price gap has grown into a gulf, hitting a new high in April and tripling in the last 10 years.

In the last year alone, the price of a new, lowrise detached home swelled 16 per cent to $775,419, while the average cost of a new highrise condo came in at $448,760, up three per cent year over year, according to RealNet’s New Home Price Index. $800,000

$775,419

$700,000 $600,000 Highrise Highrise

$700,000

$326,659

$600,000 $500,000

$448,760

$400,000 $101,936

$300,000

2004

2005

2006

50 NEW CONDO GUIDE JUNE 6 - 20, 2015

2007

2008

2009

2010

2011

2012

2013

2014

2015

Ten years ago, the difference was just $101, 936, with a new lowrise home demanding $378,281 and highrise condos going for $276,345. So, what’s the deal behind the price hikes?

According to BILD president and CEO Bryan Tuckey, “A significant factor in the rising cost of new homes has been increased demand that is far outpacing supply, particularly in ground-related housing.”

Indeed, the record-high price gap in April was accompanied by record low inventory of lowrise homes up for sale, numbering just 5,171 in the GTA. “As the price gap continues to grow, new-home purchasers are faced with decreasing choice in housing type,” Tuckey adds, adding that those most affected are first-time buyers and new Canadians. “Buying a ground-related home in the GTA has become increasingly challenging for most purchasers, many of whom have been taken out of the lowrise market entirely.”

Meanwhile, those in the market for a brand new highrise condo home have their pick of the crop, with 19,580 apartment condos up for grabs in the GTA in April.

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Renderings are an artist’s impression. All prices, sizes and specifications are subject to change without notice. E.&O.E.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 51

CONDO PROFILE

East 55 Condos presents the future of condo living

S

tep into the presentation centre of East 55 at Richmond and Ontario and you’re stepping into the future – a future that includes a home of contemporary design in the heart of Toronto; a future that includes a new lifestyle within reach of the best of the city.

East 55 is the newest condo project spearheaded

by Lamb Development Corp. that will be taking shape at Richmond and Ontario. With a Walk Score of 98/100, virtually everything is in walkable reach, from dining and transportation to shopping, entertainment and sports.

Residents will enjoy their close proximity to Queen Street East, an eclectic mix of local shops, design and decorating stores and the growing number of cafes and bistros.

You’ll find these spectacular modern residences in east Toronto, just south of Queen Street East and bounded by Sherbourne and Berkeley. This 25-storey glass tower will showcase 272 condos of one-, two- and three-bedroom suites, with many plans that also include a den. Prices begin at $262,000 with completion and occupancy expected in 2018. Plans range from 426 to 1,157 sq. ft., with a penthouse offering 2,243 sq. ft. of luxury living above the city.

Without leaving the building, residents will have their own lounge, pool, fitness centre and outdoor terrace at the top of the podium. Residents will be members of the Sky Club with its skyline terrace and plunge pool.

Concierge service will be offered through the day.

52 NEW CONDO GUIDE JUNE 6 - 20, 2015

Experience how charming 500 sq. ft. can be with a visit to the model suite of the Kobe. A one-bedroom with walk-in closet, living/dining area and an 118-sq.-ft. balcony done in the finest contemporary finishes proves that size doesn’t matter. The Tainam offers another vantage point with a layout that includes a den in its 645-sq.-ft. footprint in a corner placement for maximum light.

Most residences will have nine-ft. ceilings in principal areas enhanced by floor-to-ceiling windows with engineered hardwood and porcelain tile in hightraffic areas. European-style kitchen cabinets will feature tiled backsplash and stone counters, and each suite will be outfitted with six appliances, plus a gas

barbecue connection. Porcelain or stone will form the surrounds of the tubs and showers in the bathrooms that will be lit by potlights.

Some suites will be accented with exposed, concrete feature walls and columns, while sliding doors of frosted glass will be features of the bedrooms. Each suite will have personal control of its heating and air conditioning that will utilize a heat pump system, plus in-suite electrical panel.

Not only is Lamb Development Corp. one of Toronto’s top condominium brokers marketing more than 125 of the city’s most innovative projects, the company is now one of the country’s busiest development companies. It has completed 16 projects and has more than 2,000 units under development, including East 55, as it delivers stylish urban residences to a wide range of buyers. For East 55, Lamb Development Corp. has teamed up with architectsAlliance which prides itself at being innovative, adventurous, progressive, resourceful and creative to design projects that range from academic and institutional to commercial and residential.

The presentation centre at 53 Ontario St., at Richmond, is open noon to 6 p.m. Monday to Wednesday; 3 to 8 p.m. Thursday; and non to 5 p.m. weekends. Visit the website at east55condos.ca, or contact Frank Lardi or Beth O’Donoghue at 416.861.9559 or info@east55condos.com.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 53

54 NEW CONDO GUIDE JUNE 6 - 20, 2015

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JUNE 6 - 20, 2015 NEW CONDO GUIDE 55

IN THE NEWS

Tridel rises in the west with the grand opening of Islington Terrace

The sales team at Tridel’s Islington Terrace sales centre

T

he growing, energetic Bloor and Islington neighbourhood has been a well-kept secret, but after the grand opening of Tridel’s new presentation centre for Islington Terrace on May 23, the secret is out.

After searching the city for the location of its next family-friendly development, Tridel knew that Islington Village would be just right. Perfectly positioned with a wealth of shopping, dining and entertainment options nearby, well-serviced by subway and public transit, all bordering the vibrant business hub of the Islington City Centre, this neighbourhood is rich with conveniences and amenities, as well as life and culture.

Affectionately known as the Village of Murals, more than 20 hand-painted murals line the sides of buildings along Dundas St. W. (between Islington and Kipling), telling a story of the neighbourhood’s past.

But looking forward to the future, Tridel is beginning the neighbourhood’s next chapter with Islington Terrace.

Ultimately boasting three strikingly sophisticated, rectilinear, modern condominium towers designed by award-winning firm Kirkor Architects, Islington Terrace promises to be this neighbourhood’s next masterpiece.

To celebrate the unveiling of its new presentation centre at 3326 Bloor St. W., Tridel released the Skylife Collection – a selection of suites beginning on the 32nd floor, offering sweeping views in all directions.

Priced from the mid-$200,000s, suites will range in size from 482 to 971 sq. ft. and boast premium plank 56 NEW CONDO GUIDE JUNE 6 - 20, 2015

laminate flooring, sleek modern cabinetry, granite and quartz countertops, energy-efficient stainless steel finish appliances, deep soaker tubs and more.

With over 50,000 sq. ft. of spectacular amenities, residents will have access to the state-of-the-art fitness centre, indoor entertainment amenities, and an outdoor rooftop oasis designed by Janet Rosenberg featuring secluded lounging alcoves, lush landscaping and open greenspaces. The Grand Terrace includes a private sundeck, pool and barbecue dining area, as well as a dedicated outdoor Children’s Play Zone with splash pad.

An artful staircase extends to the 10,000 sq. ft. retail terrace featuring coffee and grocery options, as well as access to the street and public transit.

With stunning design, thoughtful suite layouts, desirable amenities, and unparalleled subway and transit access, Tridel’s Islington Terrace and this amazing neighbourhood is about to be the talk of the town.

Visit the new presentation centre at 3326 Bloor St. W., Etobicoke, open Monday to Friday from 11 a.m. to 7 p.m.; or Saturday, Sunday and holidays from noon to 6 p.m.

For more information on Islington Terrace, call 416.645.8862, or visit tridel.com.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 57

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58 NEW CONDO GUIDE JUNE 6 - 20, 2015

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JUNE 6 - 20, 2015 NEW CONDO GUIDE 59

IN THE NEWS

Regional ups and downs coming to Canada’s housing market in 2015-16

By Lydia McNutt

L

ower oil prices are a key contributor to the two very different tales being told of the housing market by Canada Mortgage and Housing Corp. (CMHC) in its second quarter 2015 Housing Market Outlook. From a national view, eroding market conditions in the Prairies will be stabilized by activity in Ontario and BC, bringing the overall picture into more balanced territory.

The housing agency predicts the national pace of housing starts will decline through 2015 and into 2016, but with some regional disparities.

While oil-producing provinces like Alberta are seeing a slowdown in starts and sales, housing markets in Ontario and British Columbia are enjoying an upswing from some notable downs – lower energy prices, a lower Canadian dollar and low mortgage rates, according to Bob Dugan, chief economist for CMHC.

“Moreover, since the inventory of completed and unabsorbed units remains above the historical average, we expect the pace of new home construction to moderate over the next couple of years as builders focus on managing the existing inventory,” Dugan adds.

This year, CMHC expects between 166,540 and 188,580 housing starts, with a point forecast of 181,618 units. Looking ahead to 2016, starts are forecast to range from 162,840 to 190,830 units, with a point forecast of 181,800 units.

Regional review BRITISH COLUMBIA: Growth in employment and population will keep housing

starts at stable levels in 2015 and 2016, ranging between 26,400 and 29,800 units this year, up to 26,100 to 30,500 units next year. Multi-unit housing starts will pick up in 2016 as demand for denser housing forms rises and inventories of completed and unabsorbed units falls.

THE PRAIRIES: Housing starts are on a downward trend, numbering 55,067 units in 2014, with a forecast of 43,400 to 49,500 units in 2015, and between 38,900 and 46,300 units in 2016.

ONTARIO: Harsh weather put a damper on Ontario housing starts in early 2015,

but those are expected to pick up through 2015 with sunny days ahead, before slowing again in 2016. Starts will range between 56,800 to 64,200 units in 2015, and 54,500 to 63,600 units in 2016.

QUEBEC: CMHC expects steady housing starts in 2015 with a slight increase in

2016. “A gradual acceleration of Quebec’s economic growth over the next two years will provide some stimulus to housing demand in 2015 and 2016,” says Kevin Hughes, Quebec’s regional economist at CMHC. “During this period, resale markets will tighten somewhat, eventually translating into higher levels of housing starts.”

ATLANTIC REGION: Housing starts are expected to decline moderately in both

2015 and 2016, into the range of 6,960 to 7,820 units, and 6,620 to 7,590 units, respectively.

60 NEW CONDO GUIDE JUNE 6 - 20, 2015

CONDO PROFILE

GRID CONDOS: A LESSON IN LOCATION, VALUE AND SMART DESIGN CentreCourt Developments launches Grid Condos in the heart of Toronto’s Learning District

T

he recent condo boom in Toronto has created a generation of astute real estate investors that are very well educated on the market. Toronto’s smartest purchasers, investors, agents and brokers have developed a rich understanding of compelling market forces. They understand the vagaries of interest rates; they recognize the importance of location; they study the collected works of the city’s leading architects, designers and developers; and they have mastered the analysis necessary to determine value.

“Today’s real estate investor is very smart,” says Shamez Virani, vice-president of CentreCourt Developments. “They have done their homework on what types of developments present great value and offer superior returns.”

Among the clearest conclusions of this analysis has been the savvy investor’s strategy toward purchasing condominiums close to major educational institutions.

“The investor understands that educational institutions such as Ryerson, which has an urban campus in the heart of downtown Toronto, are rapidly growing their student base without any growth in their accommodations,” Virani adds. “This creates a basic supply/demand imbalance which results in extremely low vacancies and above-market rents for condominium developments that are located within an urban downtown campus.”

With this in mind, it is no surprise that the real estate investment community is anxiously awaiting the release of CentreCourt Developments’ fifth development, Grid Condos, which is located on the south-east corner of Dundas and Jarvis, right in the heart of Ryerson’s urban campus.

Grid Condos, surrounded by current and planned facilities designed for students and young professionals, is in the heart of Toronto’s “Learning District.” Set amidst the multi-building Ryerson University campus – a thriving learn, work, live and play precinct – Grid is positioned within walking distance of many of the city’s most 62 NEW CONDO GUIDE JUNE 6 - 20, 2015

Grid Condos, surrounded by current and planned facilities designed for students and young professionals, is in the heart of Toronto’s “Learning District” renowned secondary and postsecondary institutions. Investors recognize the value of Grid’s location next to Ryerson, one of Canada’s fastest growing universities.

Ryerson owns a parcel of land kitty-corner to Grid Condos, on the northwest corner of Dundas and Jarvis, which is earmarked for future expansion. In addition to Ryerson’s main building, its Engineering Building, Image Centre, Student Union and more, St. Michael’s Hospital, a major teaching and research hospital, is nearby, as are Everest College, the Canadian Music Centre, George Brown College, Canada’s National Ballet School and the Digital Media Zone.

“Whether in Montreal around McGill, New York near Columbia University, or downtown Toronto near Ryerson University, investors have seen values rise with the growth of urban campuses,” Virani says. “The Learning District in Toronto offers that same promise. With Ryerson’s international reputation growing alongside its campus, smart real estate insiders see the value and opportunity that strategically located projects like Grid Condos will provide.”

And while they see the value in the area, condo buyers are also excited by Grid’s commitment to design.

Crafted by the award-winning teams at Page + Steele / IBI Group

and the designers at esQape Design, the highrise tower will boast 528 residential units, in efficiently designed layouts (including one-, one-plus-den and two-bedroom suites).

A rich amenity program has been designed, and will be spread over two full floors. An entire floor dubbed the “Grid Learning Centre” will open up new perspectives and possibilities to residents and their guests, with plenty of space for group collaboration or individual study.

Designed to appeal to the mind and the body, an additional floor of amenity space will offer a lounge, dining area, bar space and expansive outdoor terrace, as well as the Grid Fitness Centre, a state-of-the-art gym and fitness facility.

Starting from a value-driven price point of the mid-$200’s, suites will range in size from 415 to 640 sq. ft.

Suites at Grid Condos boast expansive floor-to-ceiling windows and a choice of sleek finishing packages including custom-designed cabinetry, natural stone countertops, and a stainless steel under-mount sink, and porcelain flooring and wall tiles in the bathrooms.

For your chance to live smartly, off the Grid or on, register today at gridcondos.com, or call 416.477.GRID (4743).

JUNE 6 - 20, 2015 NEW CONDO GUIDE 63

IN THE NEWS

5 ways to build better neighbourhoods in the GTA

By Wayne Karl

M

idrise homes are key to the successful growth of GTA neighbourhoods, and there are five ways to make this happen, according to a new report from the Pembina Institute and the Ontario Home Builders’ Association (OHBA).

The study identifies barriers to creating walkable, affordable and transit-connected homes for families, and recommends five simple changes to development rules to help increase the supply of familyfriendly midrise homes.

Make Way for Midrise: How to Build More Homes in Walkable, Transit-Connected Neighbourhoods, shows how the GTA could build more medium-density housing where it is needed most. This is critical to accommodate the region’s growing population, while still providing affordable choices for families in central neighbourhoods.

“Our region has a very strong housing market, but for many people affordable choices are limited,” Mike Collins-Williams, director of policy for the OHBA, told New Condo Guide. “For many homeowners and potential homebuyers, their affordable choices are limited to either highrise towers or traditional suburban neighbourhoods. Our recommendations would provide more choices by offering more locations for affordable midrise development which are often more suitable for neighbourhood avenues and main streets, as well as along rapid transit corridors.

continued on pg 66 64 NEW CONDO GUIDE JUNE 6 - 20, 2015

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“Midrise buildings are more human-scaled in terms of size. They fit into the character of neighbourhoods and animate sidewalk culture, in particular by providing street-level retail. They can also offer family-sized units.

Midrise, mixed-use development is a valuable tool when creating neighbourhoods that support healthy lifestyles and local economies, since it can help increase walkability and put more people close to transit, while also supporting local business.”

The report notes important implications for upcoming transit projects, such as SmartTrack and the HurontarioMain light rail line. Unless there are strong requirements for higher-density development along new transit lines, the region is squandering opportunities to create thousands of new homes and businesses in these GTA neighbourhoods where people want to live and work.

The report identifies five additional changes to make midrise development more economically viable. »1. Require minimum densities along rapid transit lines »2. Eliminate minimum parking requirements »3. Pre-approve midrise development along avenues and transit corridors »4. Require retail planning before midrise is built »5. Make parkland dedication rules more equitable “A number of rules, regulations and financial constraints make building midrise cost-prohibitive, compared to other options,” says Collins-Williams. This means developers often choose to build highrise instead, to generate better returns on their investment by selling more units.

If developers do take on the higher costs of midrise buildings, these are ultimately passed on to homebuyers, making the units too costly for many families.

“A number of rules, regulations and financial constraints make building midrise cost-prohibitive, compared to other options” “It doesn’t have to be this way,” Collins-Williams says. “The provincial government recently revised the building code to allow for wood frame construction up to six storeys – a simple policy change that will help encourage midrise development.

But there are real challenges, some organized community groups are opposed to any changes in their neighbourhoods (NIMBYism) and fight midrise proposals. Some municipalities are resistant to pre-zoning for midrise as they prefer to have control over all new proposals and to obtain section 37 density bonusing money, which means midrise homes take longer to go through the planning process and are more expensive to bring to the market.”

Some municipalities, for example, still plan for and require more parking than is necessary, even though many people are choosing to own just one car per household and in transitaccessible locations, no car at all.

“Such a plan would deliver more affordable homes in walkable, transitconnected neighbourhoods. Our recommendations also mean a shift towards more transit-accessible and oriented development, rather than auto-centric, and would provide a wide range of housing options for people living in the region.”

For more content on this subject, visit YPNextHome.ca

66 NEW CONDO GUIDE JUNE 6 - 20, 2015

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DESIGNER ADVICE

Beyond the basics: FIVE DESIGNER ESSENTIALS

By Yanic Simard

T

here are some furnishing basics every space needs, that we all see every day: comfortable chairs, room-brightening lamps, desks for perching that laptop or good book, beautiful art dressing the walls.

As a designer, it’s my job to see beyond the basics, and look to pieces that don’t just serve an obvious function, but solve specific design dilemmas while adding true beauty, and a sense of surprise. When you really open your eyes – and know where to look – you can find unexpected answers to design questions and take your space to a whole new standard of living. continued on pg. 70

68 NEW CONDO GUIDE JUNE 6 - 20, 2015

JUNE 6 - 20, 2015 NEW CONDO GUIDE 69

DESIGNER ADVICE continued

1. Multi-task masters ⊲ A staple I’ve returned to time and time again, simple stools can function as side tables, extra seats or cocktail tables (especially when clustered together), and tuck away or move easily to suit so many uses. ⊲ Hard stools are great if you prioritize the table space (pulled up to seats to hold a drink), and soft stools make for plusher seating (but can still hold a serving tray). Either way, use this as a chance to add a new texture, like faux fur, cowhide, rich wood, or natural stone.

Get the look: Visit Toronto designer mainstay L’Atelier - shop their showroom, or ask to order one of the many cool and playful options from Made Goods.

2. Lighten up ⊲ Adding layers of light to a room is key to beautiful design: harsh shadows from one lonely lamp drag down any decor, so you should always include as many types of lighting as possible (sconces, floor lamps, table lights, pendants, etc).

However, the lighting source doesn’t have to be strictly functional.

Consider choosing a piece that makes its own statement – after all, it’ll be in the spotlight! ⊲ Simple white shades are timeless (the modern trend being non-tapered cylinders and squares), but even more trendy is the bare Edison-style bulb. This touch of industrial style plays well against traditional or modern furnishings because of the raw, elemental nature of the exposed filament.

continued on pg. 72 70 NEW CONDO GUIDE JUNE 6 - 20, 2015

Get the look: Universal lamp carries a wide selection of styles in-store and even more by order – I especially love the dramatic Medusa lamp with its array of bulbs adding a rich glow while making an un-missable statement.

3. Get seated ⊲ While most homes will have a standby sofa or sectional for everyday lounging, don’t underestimate the value of a full-sized, single seat chair.

You’ll want something that will cocoon you when you just need some alone time. A pair of matching sofas can be a great look, but don’t be afraid of asymmetry and different periods – the best groupings include some variety to suit all different seating situations. ⊲ Upholstered furniture does not have to use the same material on the front and back, which gives you another great chance to embrace a high impact look in a smaller dose. A bold fabric or finish on just one side gives a touch of drama without sacrificing any practicality. Then use accent pillows in a relating fabric to connect it back to your sofa for harmony.

Get the look: When I visited In The Know (affectionately known as ITK), they had not one but two cool classic egg chairs – one in bold red and one with an industrial metal “shell” and brown leather seat. Of course, at ITK every item on the floor drops in price every week until they’re quickly snapped up, so you’ll have to visit to see what great new treasures are waiting there to inspire you.

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DESIGNER ADVICE continued

5. Hit the bench ⊲ Often associated with pianos or parks, the humble bench is a powerful piece of seating. I like to use one in long or awkward floor plans for its ability to connect spaces. In a room too big for one seating group, break the space into multiple areas with a bench in the middle to serve both seating groups. It creates a visual line, while serving double duty. ⊲ A bench also makes a stylish seat for your dining table (just stick to a twoseater so nobody is trapped in the middle), or an extra cocktail table option for Standing Room Only occasions.

Get the look: Visit Elte’s large multi-floor showroom to find, well, just about everything.

Often associated with pianos or parks, the humble bench is a powerful piece of seating. I like to use one in long or awkward floor plans for its ability to connect spaces.

4. Looking Back ⊲ A mirror is often thought of as a fashion accessory – one full length in the bedroom for getting dressed, and one in the foyer for a quick heading-outthe-door check. However, mirrors are bigger than ever as a decor accessory that, besides doubling the visual space, can bring a beauty all their own. Antique mirrors, with natural (or applied) patina, bring a very on-trend touch of old-world glam to a space. ⊲ I recently designed a custom aged glass mirror for a client, but you can simulate this look with a fun DIY project by picking up a stripping or antiquing kit, some gold spray paint, and a budget mirror. Make sure to read the directions carefully (and wear protective gear), and once the antiquing is finished a few tiny spurts of the spray paint will give it an extra level of dimension.

Get the look: Get a simple mirror from Ikea and look to hardware or art supply stores for etching kits, or visit Zilli Home for wall-hung and oversized floor options in a range of styles.

72 NEW CONDO GUIDE JUNE 6 - 20, 2015

Now that you’ve got some great new ideas for next-level must-haves, you should be ready to take your decor from simply practical to its full potential.

If you’re worried about mixing the pieces together, you’ve got a good start to that, too – all of these ideas can work together to start your cool condo look.

Now keep your eyes open, and look beyond the basics!

Yanic Simard is New Condo Guide’s design editor, principal designer of award-winning Toronto Interior Design Group (tidg.ca), and regular guest expert on City’s Cityline. Check out Yanic’s accessory line, Yanic Simard Selected, by visiting online at ysselected.com

JUNE 6 - 20, 2015 NEW CONDO GUIDE 73

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HOME SWEET HOME

Low lending rates changing Canadians’ mortgage habits

By Lydia McNutt

C

anadians have been sitting, very comfortably, in an ultra-low mortgage interest rate environment for years now. Just when we thought rates couldn’t go any lower, they did, as the Bank of Canada dropped its key lending rate to 0.75 per cent in January, and the big banks followed suit. At the BoC’s latest rate announcement on May 27, that rate stayed put.

Twenty years ago, the lending rate for a five-year, fixed-rate mortgage was 10.75 per cent. Back in 1981, it was 20.25 per cent! (source: RateHub.ca) Today’s numbers in the two-per-cent range are hard to believe, and they’re changing how Canadians handle their debt load.

Canadians are doing everything they can to make the most of these low lending rates, according to the 2015 Mortgage Consumer Survey by conducted Canada Mortgage and Housing Corp. (CMHC).

LENDER LOYALTY: When it comes to loyalty, first-time homebuyers were flightier than their repeat-buyer counterparts. Renewers were more likely to stay with their current lender (86 per cent) whereas only 47 per cent of first-timers stuck with the financial institution they deal with regularly.

Interest rates were the main reason for consumers to jump ship to another lender, at 63 per cent.

SURVEY SAYS… According to CMHC, 60 per cent of mortgage renewers did so before their mortgage term expired, and 55 per cent of them did it to avoid a rise in rates in the future.

Furthermore, mortgage renewers reported taking action to pay off their mortgage sooner. Forty-nine per cent set their mortgage payment higher than the minimum required, while 32 per cent made either lumpsum payments, increased their regular payment, or both.

GOING BROKER: CMHC also investigated the share of mortgage consumers who used the services of a mortgage broker.

The survey found that broker market share is on the rise, having increased from 32 per cent in 2012 to 42 per cent in 2015.

Almost twice as many homebuyers (both first-time and repeat) used a broker (49 per cent), versus existing homeowners who were refinancing their mortgage (24 per cent).

78 NEW CONDO GUIDE JUNE 6 - 20, 2015

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 Yellow Pages NextHome, where real estate rules. Email Lydia.McNutt@ypnexthome.ca, and follow her on Twitter @LydiasTweets

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JUNE 6 - 20, 2015 NEW CONDO GUIDE 79

Q&A

New Condo Guide catches up with Sebastian Mizzi, vicepresident of SigNature Communities, to chat about new development, the revival of Toronto’s burgeoning Downtown East, and why this historic pocket of the city is such a modernday hotspot.

SIGNATURE COMMUNITIES’ SEBASTIAN MIZZI GOES

Photo credit: William

Suarez

Downtown East

By Lydia McNutt

New Condo Guide: Why did SigNature Communities, Berkshire Axis Development and Andiel Homes team up in Toronto’s Downtown East neighbourhood for its latest development, East United?

Sebastian Mizzi: Simply put, every single person involved in this project believes wholeheartedly that the east end of downtown Toronto is the place to be. From the King East Design District, to the Distillery, to St. Lawrence Market, and all the restaurants, cafes, shops, jobs and infrastructure in between, the east 80 NEW CONDO GUIDE JUNE 6 - 20, 2015

end has it all. We as a group wanted to be part of the city and to contribute to its future.

NCG: What’s the most important element to the revitalization of this inner-city pocket?

SM: With anything, you need to build a consensus. Going from having a vision for a neighbourhood to actually building and implementing change is a big step. That said, I think you can see the consensus around the east end forming. Along with East United, the Globe and Mail building is coming on-line just down the street on Berkeley. There are several major projects along the East Waterfront, not to mention the potential to bring 70,000 jobs into the area with the Lower Don Lands redevelopment.

Keep in mind, the east-end is already a collection of great neighbourhoods. The attention they are now getting in terms of development is overdue, in my opinion.

NCG: East United will reflect the area’s old and new elements. What was the biggest challenge in bringing these two sides together?

SM: Whenever you are balancing two elements against each other, you always want to make sure that you do it in a way that elevates both.

Luckily our design team – architects Giannone Petricone Associates, and the Design Agency, who handled interiors – rose to the challenge. We wanted a building that paid homage to the history of this site, but still set a tone for a new design-driven future in the east end.

“The east-end is already a collection of great neighbourhoods. The attention they are now getting in terms of development is overdue, in my opinion.”

NCG: How have the surrounding neighbourhoods flavoured this new project?

SM: In every way. For instance, the suite finishing packages we’ve come up with are each named after and inspired by neighbourhoods in the area. Purchasers can choose between ‘King East Design District,’ ‘Distillery District’ or ‘St. Lawrence Market’ packages. They can also mix and match for something a little more custom. Then there is the podium, which is meant to reflect the industrial roots of the neighbourhood.

Moving beyond design, we actually committed to sourcing as much material from the east end as possible. And of course, all our marketing has been about uniting the east. It’s a message we’ve all gotten behind.

NCG: What’s Toronto’s next up-andcoming neighbourhood to watch?

SM: To be honest, I think there is so much potential in the east end, that this is going to remain the neighbourhood to watch for quite some time.

For more information on East United and to register, visit eastunitedcondos.com

Pictured (left to right): Sebastian Mizzi, vice-president of SigNature Communities; Ralph Giannone of Giannone+Petricone Associates; Anthony Di Battista, president of SigNature Communities; Matt Davis of The Design Agency; and Leslie Marlow, principal at Berkshire Axis. Photo credit: William Suarez

JUNE 6 - 20, 2015 NEW CONDO GUIDE 81

CONDO WATCH

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@ypnexthome.ca

previews & registrations

new releases & grand openings

DANIELS WATERFRONT

By The Daniels Corp.

THE BOND CONDOMINIUMS

By Lifetime Developments

Dive into an arts-inspired life on Toronto’s waterfront. Register today.

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ZIGG

By Madison Homes/Fieldgate Homes Zigg into the preview opening at Zigg Condos in Forest Hill. Ask about preview incentives.

Web: ZiggCondo.ca

SQ2

By Tridel Coming soon to Alexandra Park, ideally located at Spadina and Queen. Register now.

Web: Tridel.com

LIBERTY CENTRAL TWO

By CanAlfa

previews & registrations 150 REDPATH

By Freed Dev./Capital Dev.

Presentation centre now open. The sequel to Liberty Central By The Lake showcases spectacular lake and city views in the popular Liberty Village neighbourhood.

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EAST UNITED

By SigNature Communities

Coming this fall to Yonge and Eglinton.

Register today to stay in the know.

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Register now to be part of Toronto’s vibrant east end. Condos coming to the corner of Berkeley and King.

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GRID CONDOS

By CentreCourt Developments

STANLEY

By Tribute Communities

Get schooled on smart condo living in Toronto’s “Learning District.” Register now.

Web: GridCondos.com

MARQUETTE

By Kubo Developments Now previewing, boutique urban towns near Bathurst and Wilson. Visit the sales centre today.

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Coming soon to Church and Carlton, bringing 16,000 sq. ft. of luxury amenities and condos from the low $200’s. Register now.

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THE BARTHOLOMEW

By The Daniels Corp.

Final release of the Bond’s Connected Collection offers suites on the two top floors, plus a limited number terrace suites.

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AQUALINA AT BAYSIDE

By Tridel Construction has started on the Toronto waterfront. Visit the presentation centre and two model suites, now open.

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BLUE DIAMOND AT IMPERIAL PLAZA

By Camrost Felcorp Presentation gallery now open. Brilliant living and forever views at this dazzling new condo coming soon to Avenue and St. Clair.

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EAST FIFTY FIVE

By Lamb Dev. Corp. & Hyde Park Homes Now open. Spectacular modern residences coming soon to Toronto’s lower east side.

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THE RAVINE

By Urban Capital & ALIT Developments Model suite now open in North York, where city and nature come together.

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TEAHOUSE

By Lanterra Developments Phase 2 now open at 501 Yonge St., where east meets west in this new Asian-inspired condominium. Register now.

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RIVERCITY 3

By Urban Capital

Condominiums and traditional towns coming soon to Downtown East. Register today.

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Presentation centre and model suite now open at Urban Capital’s new condominium coming to the revived West Don Lands.

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CONNEXION

By North Star Homes

JOY CONDOS

By Gemterra

Previews continue in this prime Bloor and Islington community. Register now for first priority preview.

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Coming soon to this prime Scarborough location, near Kennedy and Sheppard.

Register now to stay up to date.

Web: JoyCondos.com

ISLINGTON TERRACE

By Tridel

CITYLIGHTS ON BROADWAY

By Pemberton Group

VIDA

By Castle Group Development

THE SOUTHWOOD

By Streetcar

Register now for the south tower with new suite designs in the popular Yonge and Eglinton neighbourhood.

Web: CityLightsCondos.ca

Condos coming soon to the luxe Bayview Village area, steps from the subway.

Register today.

Web: VidaCondos.com

Phase 2 now open – the Ravine Collection, minutes from downtown on the water’s edge, in The Upper Beach.

Web: TheSouthwood.com

82 NEW CONDO GUIDE JUNE 6 - 20, 2015

Grand opening at this new, master-planned community minutes from Islington Village and Kingsway on Bloor.

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GTA Edition June 6 - 20, 2015

Your complete source for condos, lofts and townhomes in the GTA

IN THIS SECTION Maps and listings for new condo communities in the 416 region Builder news and the latest in condos in the 416 JUNE 6 - 20, 2015 NEW CONDO GUIDE 83

THE NEW WAVE OF DESIGN IS HERE

CONDOMINIUMS

COMING SOON TO VICTORIA PA RK & SHEPPA RD MODERN URBAN CONDOS FROM $199,900 Introducing Sail Condos. Magnificent architecture inspired by the graceful contours of a sail. Sophisticated amenities including a chic Lobby Lounge, elegant Party Room and modern Fitness Centre. Superb location in a vibrant neighbourhood, minutes from major highways, Sheppard subway & LRT, Fairview Mall, Seneca College, parks, schools and more. This is the new shape of condominium living. Welcome home.

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84 NEW CONDO GUIDE JUNE 6 - 20, 2015

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Rendering is an artist’s impression. Prices and specifications are subject to change without notice. E.&O.E. March 2015 JUNE 6 - 20, 2015 NEW CONDO GUIDE 85

IN THE NEWS

City Core Developments breaks ground at Harmony Village Sheppard

From left to right: Barbara Lawlor, president, Baker Real Estate Inc.; Norm Kelly, City Councillor, Toronto Ward 40; Jack Pong, president and CEO of City Core Developments; Soo Wong, MPP, Scarborough-Agincourt; Frank Margani, Strategy and Development, Fortress Real Developments Inc.; Kevin Chen, Representative on behalf of Arnold Chan, ScarboroughAgincourt. Photo credit: Tony Aw

C

ity Core Developments and its partner Fortress Real Developments gathered recently with purchasers and members of the community to celebrate the ground breaking at Harmony Village Sheppard.

In the heart of Scarborough at Sheppard Avenue East and Warden Avenue, the outdoor ceremony began with brief speeches from local councillors, members of parliament, the developers and the sales team, followed by the official ground breaking using a geothermal drill, and a ribbon cutting. Afterward, to celebrate the construction milestone, City Core held a VIP sales event inside the presentation centre, offering limited-time promotions to new homebuyers.

“Harmony Village Sheppard fulfills our vision for a master-planned, amenity-rich, sustainable, and progressively minded community,” says Jack Pong, president and CEO of City Core Developments. “I am honoured to share this event with our supporters from the city, the community and our purchasers. From the fantastic location and our commitment to accessible design and wellness, this community will be unlike any other Scarborough has seen.”

Boasting thoughtful designs, impressive amenity and recreational offerings, as well as a commitment to Green building, Harmony Village Sheppard promises to be more than just a condominium residence – it will offer residents a way of life.

Designed by Page + Steele IBI Group Architects, the tranquil 30-storey tower features 291 residential units in a variety of layouts from studios to three bedrooms, with the 86 NEW CONDO GUIDE JUNE 6 - 20, 2015

one- and two-bedroom plans offering the option of a den.

The residences at Harmony Village Square will range in size from 388 to 1,800 sq. ft., and begin at $181,500.

Suites are designed with “Universal Design,” meaning they are inherently accessible to everyone, regardless of age or physical ability. Kitchens will feature quality cabinetry, quartz countertops and backsplash, undercounter lighting, built-in microwave and wall ovens, electric cooktops and stainless-steel finish refrigerators, as well as pantries in select units. Suites will have in-floor heating near window walls, as well as balconies and terraces with select units.

With an impressive 35,000-sq.-ft. indoor amenity space offering unique health and wellness, recreational and lifestyle programs to the public and residents, Harmony Village Sheppard will have it all. In addition to the outdoor terrace, fitness centre, party room and lounge area that come standard with many condominiums in the city, this community boasts a salt-water pool, a tea room/ cappuccino bar, a wine cellar and wine club with organized tasting events, spiritual Zen gardens, and studios for yoga, tai chi or dance. Harmony Village also offers its residents a number of recreational programs and features a music and karaoke room, a resource centre and computer room, and arts and crafts classroom, spa, travel agency as well as a cooking classroom.

“While the community offers so much, our proximity to Hwy. 401, 404 and the DVP makes getting downtown, or out of town, fast and convenient,” says Pong. “Our community is also well-served by the TTC and nearby to GO Transit for those without a car or [those who] may prefer public transit.”

Devoted to developing a sustainable and environmentally friendly community, City Core is targeting a LEED Platinum Certification for Harmony Village and taking a number of steps to incorporate sustainability throughout the building, including charging stations for electric vehicles, using geothermal energy technology, a combined heat power system for electrical generation, as well as certified Green building products and energyefficient appliances.

“Harmony Village is a visionary community where residents will feel at home from the start,” adds Pong.

Visit the Harmony Village sales centre at 3260 Sheppard Ave. E., open noon and 6 p.m. Monday to Thursday; and noon and 5 p.m. on weekends. For more information call 416.493.0123 or visit harmonyvillage.ca

JUNE 6 - 20, 2015 NEW CONDO GUIDE 87

IN THE NEWS

Empire Communities BREAKS GROUND ON EAU DU SOLEIL WATERFRONT CONDOMINIUMS

T

he arrival of Eau Du Soleil, one of Toronto’s most iconic waterfront condominiums, has solidified Empire Communities’ strong commitment to the Humber Bay Shores community.

Hundreds of excited members of the community and future residents gathered for the spectacular groundbreaking event near the shores of Lake Ontario. Those in attendance, including members of the Humber Bay Shores Condominium Association, witnessed a 43-ft. excavator take a bite out of the earth. Guests also enjoyed mouthwatering food trucks and a thrilling performance by international, awardwinning aerial ballet performers Les Oiseaux Du Paradis.

“We have more than 1,000 residents who will enjoy Eau Du Soleil as a landmark community on the Humber Bay waterfront,” says Dan Guizzetti, co-founder, CEO and president, Empire Communities.

“We’re thrilled to be continuing our commitment to this neighbourhood after having already successfully completed the three towers of the Beyond The Sea community just across the street.”

Located on Humber Bay, Eau Du Soleil is designed by worldrenowned Zeidler Partnership and E.I. Richmond Architects, and will be comprised of two luxury towers that will rise approximately 700 ft. into the sky, resembling the sails of a luxury yacht. The 63-storey Sky Tower and 49-storey Water Tower will converge on a multi-storey podium and feature breathtaking views of the downtown skyline, the blue expanse of water and the lush greenspace of parks.

88 NEW CONDO GUIDE JUNE 6 - 20, 2015

“Eau Du Soleil is defining a new way of waterfront living in Toronto,” says Paul A. Golini Jr., co-founder and executive vice-president, Industry Relations, Empire Communities. “With resort-inspired amenities and incredible views courtesy of spacious terraces, balconies and patios that blur the line between outdoor and indoor living, you’re connected to the outdoors without having to leave.”

Eau Du Soleil offers waterfront living from the mid-$300’s. The Terrace Collection features a one-bedroom-plus-den suite with a stunning linear terrace that runs the length of the living room and bedroom to fill the suite with natural light, and is perfect for admiring the gorgeous skyline. The Terrace

Collection is located throughout floors three to 15 and is available from 480 sq. ft. for one-bedroom to 1,243 sq. ft. for three-bedroom-plus-den.

At Eau Du Soleil it’s hard to tell where the dazzling waterfront vistas begin and the luxury suites and resort-inspired amenities end. The seventh-floor Infinity Terrace features a bar, lounge seating, cabanas, barbecue and fire pit overlooking the lake. In the exclusive lounges and party room with wet bar and kitchen, residents can take in stunning views while hosting guests. To soak in the incredible view on summer days, there’s the beautifully landscaped outdoor garden.

For health and wellness enthusiasts, spainspired amenities boast an indoor salt-water pool and whirlpool with floor-to-ceiling outdoor views, professionally equipped exercise room, Cross Fit training zone, yoga and Pilates studio, a spin room, mixed martial arts room and an outdoor multi-purpose sports court.

Residents who love experiencing the outdoors are close to all that Humber Bay offers. Residents can step outside their front door for swimming and sailing at an array of beaches and marinas. For those wanting to stay dry, there’s the nearby boardwalk and Martin Goodman Trail for walking, jogging and rollerblading.

For foodies and shoppers there are fabulous restaurants and shops in nearby Bloor West Village and Roncesvalles Village.

Eau Du Soleil is close to transit with the Gardiner Expressway, Mimico GO station and the TTC at the doorstep. Nearby Hwy. 427 and QEW provide speedy routes to the north and west.

At Eau Du Soleil, all luxurious suites feature nine-

or 10-ft. ceilings, walk-in closets and gourmet kitchens with custom-designed contemporary cabinets. Stylish interiors and finishes include plank laminate engineered flooring, stainless steel appliances and granite countertops.

To mark the momentous ground-breaking, Empire has released a special ground-breaking sales incentive.

For more information on this limited time offering, visit the Eau Du Soleil presentation gallery located at 2183 Lake Shore Blvd. W. Hours are Monday to Friday from noon to 6 p.m.; Saturday, Sunday and holidays from noon to 5 p.m. Call 416.503.3328 or visit EauDuSoleilCondos.com to learn more.

Executives from Empire Communities and members of the Humber Bay Shores Condominium Association celebrating the ceremonial dig at Eau Du Soleil Condos.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 89

IN THE NEWS

Condo investors in it for the long haul

By Lydia McNutt

D

omestic condo investors in Toronto and Vancouver are in it for the along haul with plans to rent out their units, according to the Condominium Owners Survey released recently by Canada Mortgage and Housing Corp. (CMHC).

The national housing authority examines condo owners in Canada’s hottest real estate markets, which were thought to be largely investor territory.

The national housing authority surveyed 42,191 Toronto and Vancouver households, and of those that owned a condominium, 83.3 per cent lived in it, while the remaining 16.2 per cent owned a condo as a primary residence plus at least one secondary condo unit – investors.

Survey says…

Of the secondary suites, ⊲ 52% were rented to tenants ⊲ 33% were occupied by family/friends ⊲ 7.6% were sitting empty and up for rent, under construction or undergoing renovation 90 NEW CONDO GUIDE JUNE 6 - 20, 2015

A closer look at the investors: ⊲ 75% of condo investors surveyed typically own one secondary unit ⊲ 10% of investors hold three or more secondary suites ⊲ 45% currently have no mortgage on their last purchased unit And it’s not a quick sell-off either. The survey shows that investors are holding their assets for at least five years, though many keep them for longer than that.

Condo investors recognize the value of their assets.

CMHC found that 55 per cent expect the value of their condo unit to increase over the next year, and more than half purchased their unit with the expectation of earning rental income.

However, the report shows a slowdown in investor activity, with 90 per cent saying they do not expect to buy another investment condo within the next year.

Toronto versus Vancouver investment condo owners were more likely to purchase in the presales phase versus their Vancouver counterparts ⊲ Investment condo owners in Toronto were more likely to purchase additional secondary suites in the next year versus owners in Vancouver ⊲ Toronto

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*Designer upgrade bonus included in purchase price for Knightsbridge Collection. **Includes P&I, maintenance fees and property taxes with 20% down based on 2.49% mortgage rate and 25 year amortization. See sales representative for details. Prices and specifications are subject to change without notice. Exclusive Listing Broker, The Condo Store Realty Inc., Brokerage. Brokers Protected. E. & O.E. 2015.

LOOKING FOR A NEW HOME? It’s only a tap away.

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JUNE 6 - 20, 2015 NEW CONDO GUIDE 93

SOLD

60%

OVER

HOT TOPIC

Pack your bags, swap homes and see the world!

By Kara Kuryllowicz

A

s real estate prices continue to make headlines Canada-wide, Canadians are looking to do even more with the equity they’ve got tied up in their properties.

Like most homeowners, I love watching my hardearned equity appreciate year-over-year. Yet, whenever I think about the money I’ve got tied up in my Toronto home, I really want more tangible, more immediate gratification because I’m not planning to sell for at least another 15 years, if ever. Neither is one of my best friends, who feels much the same way about her exquisite home.

During one of our many real estate-centered discussions, she mentioned a two-week luxury trip to an

exotic island over the upcoming Christmas break.

“How on earth can you afford that during prime time with your mortgage?” I asked, ever the direct, questioning best-friend-forever.

“We’re only paying airfare. It’s a home exchange, so the accommodation is free!” she replied.

“What?”

She explained the home exchange concept, which I immediately recognized from the 2006 movie The Holiday starring Cameron Diaz and Kate Winslett, who swap homes in Los Angeles, California and Surrey, England.

Of course, I immediately clicked into homeexchange.com and took a good look around.

That same night, I paid the $170 annual membership fee, completed my member profile, and posted photos and a description of my property. I then checked out the homes offered everywhere from the south of France to Fiji and everywhere in between. Members may offer simultaneous or nonsimultaneous exchanges, if they’re travelling or own secondary/vacation homes as well as their primary residences. My friend’s seven swaps have always been simultaneous, while one of mine gave me a superb cottage on a Bahamian out island when the owners visited family and took care of real estate business near Vancouver, B.C. My contribution? For 10 days, I was the official chicken-sitter for a 50-bird flock (roosters, chicks, laying hens) that required feeding, watering and regular cuddling. (Yes, chickens like to cuddle and I no longer eat chicken.)

It’s a whole lot like online dating, real estate style, and a little bit like the first steps you take when shopping to buy a home. Similarly to online dating, you can’t take it personally if your city or home is “declined,” and unlike home purchases, affordability and financing aren’t an issue because no money changes hands.

After a preliminary gander to see what types of apartments, condos, townhouses, city houses, country retreats and beach cottages are on offer, you consider location, because as always with real estate, it’s all about the location. continued on pg. 96

94 NEW CONDO GUIDE JUNE 6 - 20, 2015

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Prices and specifications subject to change without notice. Images for mood and impression only. See sales rep for details. E & O.E.

HOT TOPIC continued

Turn to any of the online home exchange marketplaces and you’ll likely travel more than might otherwise have been possible as a home owner with a mortgage Once you’ve decided where in the world you want to go, consider your must-haves (number of bedrooms, bathrooms, proximity to transit), then create your wish list (barbecue, deck, pool, sauna, fireplace).

Some home exchangers believe you swap like for like – homes that are more or less comparable in terms of size or amenities. Others say, “Express interest – at worst they ignore you or decline. At best, you start talking.”

The process takes time. As you negotiate dates and details, dozens if not hundreds of emails will cross countries and time zones. There may be Skype or phone calls. You may meet face-to-face to turn over the keys and security codes, or you might be greeted by a relative, friend or property manager. In some cases, you’ll never meet, but simply live in one another’s homes and experience a little bit of who they are and how they live for a few days or weeks.

Turn to any of the online home exchange marketplaces and you’ll likely travel more than might otherwise have been possible as a home owner with a mortgage.

96 NEW CONDO GUIDE JUNE 6 - 20, 2015

Kara Kuryllowicz is a Toronto-based freelance business writer who has been writing and editing for a wide range of corporate clients, industry associations and magazines for more than 20 years. She has a long-term interest in real estate on a business and personal level, as both a homeowner and a landlord with investment properties. She loves living in Toronto’s Riverdale neighbourhood as well as on an island in Pointe au Baril.

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Download the FREE Layar App Scan the building on the front View INTERACTIVE content Note: Data connection required. Only on your iOS, Android or Blackberry10 Smart Device.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 97

IN THE NEWS

The Davies THOUGHTFULLY CRAFTED LUXURY RESIDENCES ON THE PARK

The Davies is situated adjacent to Robertson Davies Park

The Rooftop Lounge is the quintessential setting for alfresco reading and relaxation

R

egister now for your opportunity to own a luxury suite in a coveted Toronto neighbourhood at Avenue Road and Cottingham, overlooking Robertson Davies Park. The Davies by Brandy Lane Homes will offer gracious condominium living at surprisingly affordable prices, starting from the low $800,000s. Situated walking distance to the shops and services found at Avenue and Davenport and Yonge and Summerhill, and the haute couture and dining found in Bloor-Yorkville, some of the city’s best schools are also a short walk away.

The Davies will rise to nine storeys and be comprised of just 36 spacious residences and eight unique penthouses. This intimate building will offer views of Robertson Davies Park, the treetops of Forest Hill, and Toronto’s iconic city skyline beyond.

98 NEW CONDO GUIDE JUNE 6 - 20, 2015

The thoughtfully crafted suites are the ideal blend of traditional living with a modern metropolitan caché.

Ranging in size from 1,064 to 1,923 sq. ft., the open-concept layouts can accommodate a seated dinner for 12, or a cocktail party for 50. Brandy Lane will even combine floor plans to create your ultimate dream lifestyle.

Direct elevator access in each suite’s foyer allows for privacy and convenience. High-end finishes include: gas fireplaces, contemporary Cameo Kitchens with a Bosch appliance package featuring a gas range with convection oven, and spa-inspired super baths.

Creating a perfect fusion between indoor and outdoor living, all suites open onto a continuous expanse of large balconies and/or grand terraces. Each has a gas-ready barbecue hook-up.

The Davies amenities have been artfully curated. The experience begins in the stylish lobby where the welcoming environment is characterized by 24/7 concierge service, understated elegance, custom finishes and fine art.

The ground floor Avenue Room will be a tasteful entertaining space with a catering kitchen. In addition, there’s a conference room/private dining room, smartly appointed gym, and dog washing station. The exquisite Rooftop Lounge is comprised of intimate outdoor reading gardens, a sunbathing area, and a lounge, where you can sit back and drink in the views.

The on-site sales centre is under construction. Prices begin from the low $800,000s. Register now to be among the first to explore this special ownership opportunity.

Visit TheDavies.com or please call 416.873.0862.

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

# Builder 2 Great Gulf 7 The Daniels Corporation 11 Menkes Developments Inc. 11 Menkes Developments Inc. 16 Freed 16 Capital Developments 18 Monarch Corporation 18 Urban Capital 19 Streetcar Development 20 Menkes Developments Inc. 22 Monarch Corporation 25 Tridel Corporation 26 Bazis Inc. 28 Empire Communities 35 Menkes Developments Inc. 35 Menkes Developments Inc. 38 Centre Court Development 41 Lash Group of Companies 48 Madison Homes 48 Fieldgate Homes 49 Tribute Communities 52 Cresford Development Corp.

60 Canalfa Group 65 Aragon Properties 67 Pemberton Group 68 Lamb Development Corp.

75 Canalfa Group 85 Harhay Developments 140 Eden Shaw 140 45 Charles Ltd. 149 Camrost - Felcorp 150 Aspen Ridge Homes 155 Lifetime Developments 215 Dundee Kilmer Developments 218 Malibu Investments Inc. 218 Urban Capital 222 Lamb Development Corp.

2 Concord Adex 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 6 Cresford Development Corp.

6 Cresford Development Corp.

6 Cresford Development Corp.

7 The Daniels Corporation 8 Cresford Development Corp.

9 Aspen Ridge Homes 9 Cityzen 10 Empire Communities 11 Tridel Corporation 12 North Drive Investment 12 Streetcar Development 13 Streetcar Development 14 Canalfa Group 15 Tridel Corporation 16 Freed 17 Rockport Group 18 Urban Capital 18 Urban Capital 19 KIngstone Road Development 21 Greenland Group 22 Tridel Corporation 23 Tribute Communities 24 Greenpark Homes 25 Tridel Corporation 26 Bazis Inc. 27 The Daniels Corporation 28 Empire Communities *TH: Townhomes, C: Condo

Site Telephone TH* C* Price Range Page Finder Yonge+Richmond 416-499-8883 • from $450,000 25 16K High Park Condominiums 416-351-1844 • from $300,000 15 8L Pears on the Avenue 416-323-0100 • from $420,000 Insert 14I 365 Church 416-591-7700 • from $249,000 Insert 14I 150 REDPATH redpathcondos.com • 39 14D 150 REDPATH redpathcondos.com • 39 14D Riva del Lago 416-495-3544 • from $300,000 Insert 24c RC3 416-862-0505 • • from $220,000 45 18L The Southwood 416-750-7506 • from $300,000 22 23H Fabrik 416-591-7700 • from $350,000 Insert 14M Picasso on Richmond 416-495-3549 • from $500,000 Insert 14M SQ2 416-661-1949 • BC 15D No1 Yorkville 416-519-2911 • from $408,000 3 15I Eau Du Soleil Waterfront Condominiums 416-503-3328 • from $350,000 6-7 25B 87 Peter 416-591-7700 • from $344,000 Insert 15M The Eglinton Yonge at Heart menkes.com • Insert 15D Grid Condos 416-477-4743 • from $250,000 61 17k The Barrington Condominiums Flats 416-410-4444 • from $333,000 91 12H Zigg St.Clair West 416-545-0223 • • from $320,000 49 14J Zigg St.Clair West 416-545-0223 • • from $320,000 49 14J Stanley mytribute.ca • from $220,000 57 16K CASA 2 416-486-2272 • from $1000,000 120 & IBC 15L Liberty Central by the Lake - Phase One 416-537-0047 • from $400,000 59 11F Enigma on the Park 416-516-1551 • from $234,000 93 9L Citylights on Broadway 905-326-4100 • from $200,000 8 14D East Fiftyfive 416-861-9559 • from $280,000 51 17L Liberty Central by the Lake Two 416-537-0047 • • from $250,000 79 12N One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 85 13M Chaz Yorkville Condos 416-922-0045 • from $400,000 5 16J Chaz Yorkville Condos 416-922-0045 • from $400,000 5 16J Blue Diamond at Imperial Plaza bluediamondcondos.ca/cg • from $300,000 1 15I Studio on Richmond 647-352-7736 • from $300,000 47 15M The Bond Condominiums 416-546-7525 • • 19 15G Canary Park Condominiums 416-603-7576 • from $250,000 58 18L Smart House 416-292-0219 • from $442,000 44 15L Smart House 416-292-0219 • from $442,000 44 15L The Harlowe 416-363-1771 • from $294,000 55 15M FWD at Concord CityPlace 416-813-0999 • • 13F 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 9M 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 Merton Yonge Condominiums 416-484-1900 • from $450,000 14e NXT2/Phase Two 416-977-5300 • • from $210,000 5F NXT at Windermere By the Lake 416-977-5300 • • from $350,000 5F The Parkside Collection 416-351-1844 • from $700,000 8L NXT 2 416-977-5300 • • from $300,000 8N VU 416-970-9500 • • from $370,000 16L Riverside in Pine Grove 416-746-1234 3F The HUB 416-784-3482 • from $250,000 9F Sherwood at Huntington 416-485-1900 • from $1000,000 18G The High Park 416-670-3699 • from $300,000 8L RC3 416-750-7506 • from $300,000 23D 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 The Nest 416-223-0003 • from $250,000 11H River City 416-862-0505 • • from $250,000 18L River City 2 416-862-0505 • • from $500,000 18L The Glen 416-694-3333 • from $255,000 23H King Blue Condos 416-599-1355 • from $215,000 12N Ten York 416-596-9888 • from $1020,000 12F The College 416-363-4800 • from $350,000 M14 Axiom Condominiums 647-352-4077 • from $225,000 17L Spadina Queen 416-661-1949 • from $350,000 15D One Yorkville 416-519-2911 • from $475,000 15I One Park Place South Tower 416-955-0559 • from $250,000 18k Water Tower at Eau Du Soleil 416-503-3328 • from $350,000 25B

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

Pinnacle International Pinnacle International Worsley Urban Partners Madison Homes Lamb Development Corp.

Neudorfer Corporation Cresford Development Corp.

Easton’s Group Great Gulf Fernbrook Homes/Cityzen Dev. Triumph Developments K-CAP Laird Inc. Tridel Corporation Pinnacle International Conservatory Group Pinnacle International Minto Communities Inc. Lanterra Developments Cresford Development Corp.

Tridel Corporation Tridel Corporation Cresford Development Corp.

Lanterra Developments Times Developments Inc. MintoUrban Communities Inc. MintoUrban Communities Inc. Streetcar Development Lanterra Developments Great Gulf Lindvest Minto Communities Inc. Pemberton Group Fernbrook Homes/Cityzen Dev. Lamb Development Corp.

E-Park Development Emsatec Canada Inc Neudorfer Corporation Shiu Pong Development Ltd. Madison Homes State Building Group Tower Hill Development Corporation Harhay Developments Diam Developments The Daniels Corporation The Daniels Corporation Andiel Homes Inc. Berkshire Axis Development Signature Communities Empire Communities Freed Lamb Development Corp.

Tridel Corporation Tridel Corporation Carttera Carttera Fernbrook Homes/Cityzen Dev. DHD Developments Great Gulf Lamb Development Corp.

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 Great Gulf Plaza Bazis Inc. Metropia Plaza Pemberton Group Pemberton Group The Daniels Corporation The Daniels Corporation The Daniels Corporation Pinnacle International Great Gulf Lifetime Developments Lifetime Developments Concert Properties Triangle West Development Lanterra Developments Tridel Corporation Tridel Corporation Tribute Communities Tribute Communities Graywood Developments Mod Developments Inc. Alterra Homes/Finer Space BSaR Ltd Andrin Homes Graywood/Beaverhall Development Camrost - Felcorp Camrost - Felcorp Camrost - Felcorp 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 Mizrahi | Khalili Developments Sorbara Group Graywood Developments Mod Developments Inc. Reserve Properties Pemberton Group Streetcar Development Greenpark Homes The Daniels Corporation Cresford Development Corp.

Tri-Win Developments Inc MintoUrban Communities Inc. 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.

Concord Adex

*TH: Townhomes, C: Condo

Telephone

TH* C*

Price Range

Page

Success Tower at Pinnacle Centre 416-360-0673 • from $750,000 33 Bay Residences at Pinnacle Centre 416-925-3325 • from $375,000 Totem Condominium 416-792-1877 • from $320,000 The Madison 416-482-8090 • from $420,000 Riverside Towns 416-368-5262 • from $460,000 Fuse Condos 416-534-4444 from $220,000 Lofts 399 416-867-3999 • from $590,000 Dundas Square Gardens 416-645-8575 • from $200,000 Brocton Commons greatgulf.com/brocton • from $370,000 Garrison Point garrisonpoint.ca • from $250,000 Howard Park 2 416-873-0989 • The Upper House Condos in Leaside 416-425-1800 from $350,000 Alter 416-645-4599 • from $250,000 Palatial Collection 416-925-3325 • from $800,000 Milan 416-928-7409 • from $520,000 The PJ pinnacleinternational.ca • from $300,000 Yorkville Park mintoyorkvillepark.com • • from $420,000 Teahouse 416-861-1111 • from $280,000 VOX 416-485-3000 • Aqualina at Bayside 416-514-2710 • from $350,000 Aquavista at Bayside Toronto 416-514-2710 • from $1000,000 CASA III 416-486-2272 • from $390,000 11 Wellesley 416-861-1111 • from $250,000 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 Riverside Square 416-466-4466 • from $200,000 3018 Yonge In Lawrence Park 416-787-8882 • from $390,000 Monde 416-466-8885 • from $320,000 B Streets 416-532-6636 from $635,000 West Side mintowestside.com • • from $220,000 The Uptown Residences 416-987-3500 • from $950,000 The Selby theselbycondos.com • 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 Design Haus mydesignhaus.ca • from $250,000 The Upper Canada Condominium 416-489-5194 • from $1800,000 The Upper Canada Condominiums 416-489-5194 • from $1.8,000 2221 Yonge 647-350-2221 • from $320,000 East Condos & Lofts 416-368-5262 • from $310,000 On The Danforth onthedanforthcondo.com • from $250,000 The Bartholomew Downtown East 416-955-0559 • from $220,000 RC3 416-221-3939 • from $280,000 East United Toronto Condos 905-273-9333 • from $200,000 East United Toronto Condos 905-273-9333 • from $200,000 East United Toronto Condos 905-273-9333 • from $200,000 Schoolhouse 416-979-1333 • from $595,000 Art Shoppe Condos artshoppecondos.com • from $200,000 Flatiron Lofts 416-368-5262 from $243,000 300 Front Street West 416-217-0300 • from $324,000 Atmosphere 416-217-0300 • from $1200,000 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 One Bloor Residences 416-922-0081 • from $590,000 The King East 416-368-5262 • from $435,000 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 Charlie 416-927-9772 • from $960,000 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 $750,000 The Urban Townhome Collection 416-546-6605 • from $1899,000 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 $500,000 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 Riverhouse at the Old Mill 416-766-7343 • from $1592,000 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 Post House Condominium 416-964-2777 • from $350,000 12 Degrees 416-408-1200 • from $350,000 The Berwick 416-922-9425 from $280,000 The Mercer 416-597-6940 • from $350,000 Imperial Plaza 416-925-2501 • from $986,000 Yorkville Plaza 416-966-3003 • Yorkville Plaza II 416-966-3003 • 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 $300,000 thirtytwo Camden 416-860-0060 • from $240,000 8 Gladstone 416-690-9009 • from $335,000 133 Hazelton Residence 416-926-9900 • 210 Simcoe 416-217-0210 • from $420,000 Five Condos 416-928-0555 • • from $375,000 Five Condos 416-928-0555 • • from $375,000 Rise 416-546-7399 • • from $290,000 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 1000 Bay 416-485-3000 • from $350,000 FAD Condos 416-815-1818 • from $250,000 30 Roe 416-915-3812 • from $397,000 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 $347,000 SIXTY Colborne 416-601-0060 • from $300,000 SIXTY Colborne 416-598-7775 • from $300,000 Upper Beach Townes 416-693-7500 • from $450,000 The Massey Tower 416-966-0197 • • from $320,000 109OZ 416-531-4844 • from $300,000 The Sterling 416-777-2533 • • from $230,000 Canary District Condominiums 416-603-7576 • from $250,000 Wallace Walk 416-531-1818 • from $210,000 TEN93 Queen West 416-546-6355 • 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 FWD at Concord CityPlace 416-813-0999 • •

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Finder 17m 17M 15H 14E 19L 9k 14L 17k 11L 13N 9L 18D 16J 16M 15I 15L 14J 16K 15J 18N 18N 15L 15J 17I 14M 14M 19L 14B 17M 13J 13M 16J 16J 14M 9I 9I 9I 14K 14G 14G 14D 16M 23G 18K 17M 18L 18L 18L 13i 14D 20J 15M 15M 13M 13M 17N 18L 15I 18L 13N 15I 15I 14J 17M 17M 9j 9J 14M 17L 14i 14i 14i 15K 15K 18J 18J M14 15M 16J 16J 16m 17M 12N 5L 5L 5L 14M 15I 16J 16J 16L 15L 14E 15M 15I 15I 15I 17M 17M 17M 15L 15L 15L 23J 15G 17L 4H 14L M12 14I 15M 15J 15J 12H 14D 19K 14F 14M 15J 14M 14E 16M 16M 12M 15M 14O 16L 16L 24G 16L 12M 9L 18L 9L 12F 12F 8K 15M 16M 15M

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

# 29 29 31 32 33 36 37 38 39 40 42 43 44 45 46 47 48 49 50 51 51 52 53 54 55 55 56 57 58 59 61 62 63 64 66 66 66 69 70 70 71 72 73 74 76 77 77 77 78 79 81 83 84 85 85 88 94 99 101 102 103 103 104 106 106 109 109 110 114 117 117 117 118 118 120 120 122 124 126 126 128 129 130 131 131 131 133 134 135 135 137 141 142 148 149 149 149 151 151 151 153 153 153 154 155 157 162 165 170 173 175 179 179 184 185 186 188 189 190 191 192 195 195 197 198 199 200 200 201 206 207 210 215 217 217 217 219 220 221 223

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13

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Steeles Ave

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North York

25

26

99

9

14

400

24

121

33

5

23

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40 8 2 50 10 4

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torontoregionalmaps: North York

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

102

#

Builder

6 9 12 13 16 18 40 96 121 123 1 1 2 3 3 4 4 5 6 6 6 6 7 8 10 10 10 11 14 15 17 21 25 25 28 33 37 50 50 95 96 96 96 101 122 122 122 124 125 128 128 130 132

Concord Adex Sorbara Group Ghods Builders Inc. Castle Group Developments Urban Capital Kubo Developments Menkes Developments Inc. ELAD Canada Liberty Development Corp.

Brandy Lane Homes Concord Adex Fram Building Group Torbel Group YYZed Project management Tiffany Park Homes Tridel Corporation Tridel Corporation Lindvest Concord Adex Concord Adex Concord Adex Concord Adex Fram Building Group Conservatory Group Bazis Inc. metropia Plaza Castle Group Torbel Group Phantom Developments Chestnut Hill Development Tridel Corporation Context Development Inc. metropia Tridel Corporation Castle Royale Development Norstar Group of Companies MintoUrban Communities Inc. Devron Developments Aspen Ridge Homes ELAD Canada ELAD Canada ELAD Canada 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

Omega On The Park 416-813-2999 • • 28-29 Beacon beaconcondos.ca • from $290,000 71 5959 Yonge Street 416-222-5959 • from $289,000 54 Vida at Bayview Village 416-304-1212 from $200,000 30 The Ravine 416-850-2489 • • from $250,000 41 Marquette Urban Towns 416-551-9767 • from $300,000 97 Gibson Square 416-730-9722 • from $837,000 Insert The Colours of Emerald City coloursofemeraldcity.com • from $250,000 65 World on Yonge 905-771-7010 • from $284,000 37 The Station 416-398-9777 • from $305,000 46 Opus 416-813-2999 • • 128 Connect Condos connectfairview.com 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 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 $250,000 Pearl 2 Condominiums 416-512-1818 • Emerald Park 416-221-8802 • from $188,000 Emerald Park 416-221-8802 • from $188,000 Emerald Park 416-221-8802 • from $188,000 Insignia Residences at Bayview Village 416-304-1212 from $350,000 Diva Condo DivaCondo.com from $225,000 Tea Garden Condos teagardencondos.com • from $250,000 Lotus Condominiums 416-222-8338 • from $299,000 Argento 416-663-1818 • from $562,000 The Yorkdale Condominiums 416-781-9990 • from $170,000 The Yorkdale Condominiums 416-781-9990 • from $170,000 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 88 416-915-3805 • from $330,000 Flo Condominiums 647-799-0356 • from $250,000 Scenic on Eglinton 416-805-1781 • Emerald City Condominiums 416-492-0001 • from $250,000 Dreamtower At Emerald City 416-492-0001 • from $248,000 Biyu Emerald City biyucondos.com • from $250,000 Posh Condominiums 905-771-0134 • from $544,000 Treviso Condominiums 416-787-8882 • from $203,000 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 22C 17C 18A 20D 25E 14E 17C 24C 18A 12D 22C 24C 17C 8E 23G 18D 18D 4C 22C 22C 22C 22C 25C 17C 17C 17C 17C 20C 11C 19C 19C 22e 12E 12E 25D 17B 13C 18c 18c 23G 24C 24C 24C 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

1

2

3

4

5

7

8

17

18

19

20

Passmore Ave Humberline Dr l Rd

44

34 Bloor St W

35 Queensway

22

46

Gardiner Expressway Evans Ave 2

Horner Ave

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

50 8 5 51

65

25

70

Park Lawn

QEW

16

Royal York Rd

Dundas St W

7

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

d

Rathburn Rd

21

9

*TH: Townhomes, C: Condo

ett R

12 Etobicoke

409

Scarborough

Site Islington Terrace Sail Condominiums The KIP District Lago Humber Mews Harmony Village Eleven Superior Joy Condos Terrace on Danforth Waterscapes Imagine Condos On The Go Mimico The Academy The Academy Nautilus at Waterview The Epicurean Altitude One Sherway Condominiums One Sherway Condominiums Hunt Club Terrace Cloud 9 Condominiums Cloud 9 Condominiums Guildwood Richview Jasmine Condominiums Residences at The Hunt Club Three Seven Condos & Lofts Key West Condominium Royal York Urban Towns Centro Dwell City Towns Watermark Encore Triumph at Valhalla Parc Nuvo at Essex West Village IQ Condos Phase 2 Vivid Condos Connexion at Islington Westwood Condominiums Avani At Metrogate Avani 2 At Metrogate Jade Condominiums Nature’s Path 2150 Condos Haven On The Bluffs Lexington South Shore Qube Condos Me Condos

Scarl

Av e

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W estway

Mil

Da nf or th

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Dixon Rd

Ranforth Dr

Centennial

Manse Rd

Galloway Rd

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Builder Tridel Corporation Opearl Developments Concert Properties Monarch Corporation Menkes Developments Inc. Citycore Davies Smith Gemterra Liberty Development Corp.

Monarch Corporation Insoho Developments Stanton Renaissance Devron Developments Lemine Investment Group Monarch Corporation Monarch Corporation Conservatory Group Great Gulf Menkes Developments Inc. Wilkinson Developments Lash Group of Companies Carttera Scollard Development National Homes Averton Homes Infinity Developments Esquire Homes Times Group Corp.

ICON Homes Henderson Development Limited Menkes Developments Inc. Queenscorp Residences Monarch Corporation Edilcan Development Corp.

Tridel Corporation Tridel Corporation Remington Group Pemberton Group North Star Homes Alterra Homes/Finer Space Tridel Corporation Tridel Corporation Phantom Developments Your Home Developments VHL Developments Ltd. VHL Developments Ltd. Royale Grand Woodbine Developments MintoUrban Communities Inc. First Avenue Properties Lash Group of Companies

26

Islington Ave

le

Kipling Ave

Martin Grove Rd

xd a

10

27

2A

Sy

28

25

1

15 60

24

Rd

62

East Ave Port Union Rd

Orton Park Rd

Markham Rd

Scarborough Golf Rd

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Finch Ave W

401

11 n Av

Ki

Alb

Re

14

# 8 13 16 18 22 23 24 26 28 39 1 2 3 3 4 5 6 7 7 9 10 10 11 12 13 14 15 17 19 20 21 25 29 34 35 44 46 50 50 51 55 55 56 60 61 61 62 65 70 71

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427

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Beare Rd

3

15

e

* Due to scale restrictions, locators are d 1 see builder’s ads approximate. Please n R for sto exact locations. ng

Victoria Park

g

McCowan Rd

Brimley Rd

Lawrence Ave E

St. Clair Ave

n Dr

orto

Brim

Eglinton Ave E

f

71

Bellamy Rd

Kennedy Rd

Warden Ave

Birchmount Rd

Pharmacy Rd

e

61

Progress Ave

29 20

14

Sheppard Ave E

Morrish Rd

55

Ellesmere Rd

d

401 Midland Ave

401

Milner Ave

Conlins Rd

13 23

13

Meadowvale Rd

Sheppard Ave E 26

Ave

Morningside Ave

evin

McL

12 Reesor Rd

Huntingwood Dr

c

11 Sewells Rd

Finch Ave E

b

10

Neilson Rd

McNicoll Ave

9

Tapscott Rd

McCowan Rd

A

6

56

6 19 24 17 18

4 39

Lakeshore Blvd W

Telephone TH* C* Price Range Page Finder 416-645-8862 • from $250,000 IFC 23F sailcondos.ca • from $200,000 84 2C thekipdistrict.com • from $233,000 48 22F 416-495-3544 • from $200,000 Insert 25c 416-259-2525 • from $550,000 Insert 20H 416-493-0123 • 87 2C 416-259-8882 • from $300,000 95 24H joycondos.com • from $220,000 67 4c 416-987-7575 • from $260,000 37 2G 416-495-3544 • from $400,000 Insert 26H 416-367-7303 from $235,000 4F 647-692-8417 • from $250,000 23H academycondos.com • from $220,000 10D academycondos.com • from $220,000 10D 416-203-6636 • from $400,000 25H 416-495-3530 • from $250,000 24F 416-321-1659 • from $230,000 25H 416-695-3535 • from $280,000 20G 416-695-3535 • 20G 416-698-3020 • 2H 416-747-0199 • from $230,000 22B 416-800-0812 • from $230,000 22B 416-266-3655 • from $200,000 8F 416-746-1234 • from $570,000 23D 416-702-1234 • from $250,000 2C 416-699-1711 • from $300,000 2G esquirehomes.ca • from $210,000 12D keywesttorontocondo.com from $320,000 25H 416-901-0206 • from $220,000 24H 416-296-1898 • from $185,000 5D 416-259-2525 • from $390,000 20F 416-354-2221 • from $350,000 23H 416-495-3544 • 6D 416-233-5554 • from $250,000 21F 416-231-0999 • from $456,000 22g 416-620-1887 • from $290,000 20F 416-253-5838 • from $170,000 23G 416-239-8200 • from $250,000 23F northstarhomesinc.com • from $320,000 23F 416-239-9888 • from $250,000 23F 416-293-5535 • from $240,000 4C 416-293-5535 • from $220,000 4C 416-762-8818 • from $293,000 25G 416-745-6686 • • from $270,000 11E 416-750-2150 • 3E 416-2611-9555 • from $160,000 3E 416-638-8444 • from $240,000 21C 416-913-2136 • from $350,000 22H 647-351-7823 • from $200,000 24G 416-430-0003 • from $250,000 8D 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

103

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

20

21 22

23

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waterfrontmaps: Toronto

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

104

#

Builder

Site

1

Menkes Developments Inc.

Telephone

TH* C*

Price Range

•

from $350,000

Harbour plaza

416-591-7700

15 The Daniels Corporation

Daniels Waterfront

416-221-3939

18 URBAN CAPITAL

RC3

416-862-0505

60 CANALFA GROUP

Liberty Central by the Lake Two

2

Concord Adex

3

Page

Finder

Insert

14F

• from $280,000

27

16F

• from $220,000

45 16F

416-537-0047

• from $250,000

79

11F

FWD at Concord CityPlace

416-813-0999

• •

13F

Concord Adex

Quartz at Concord CityPlace

416-813-0999

• •

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

4 tridel corporation

AquaVista at Bayside Toronto

416-514-2710

• from $1,000,000

16E

5

Cresford Development Corp.

NXT at Windermere By The Lake

416-977-5300

• • from $350,000

11f

5

Cresford Development Corp.

NXT2/Phase Two

416-977-5300

• • from $210,000

4E

8

CONCORD ADEX

Spectra at Concord CityPlace

416-813-0999

• •

14F

10 Great Gulf

Twenty Lombard

416-499-8883

• from $492,000

16K

11 CAMROST FELCORP

California Condominiums

sunsetcondos.ca

• from $242,000

25G

18 URBAN CAPITAL

River City 2

416-862-0505

• from $276,000

16F

29 Pinnacle International

33 Bay Residences at Pinnacle Centre

416-925-3325

• from $375,000

15F

58 GREAT GULF

Monde

416-466-8885

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

• • from $320,000

17E

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to 416-789-9554

416-495-3544

• from $400,000

Whitby

Bu

W Rd

St E

ee n

Qu

in d

Sh Sp eri ea da km n P an ark Tr us Dr D r co tt Dr

ya lW

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rp e

th o

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rn h Bu

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as St W nd Du

Rd

or e

Bay

ly

La ke sh

• from $300,000

28 empire communities

Eau Du Soleil - Waterfront Condominiums

416-503-3328

• from $320,000

1

windcatcher development corp.

Atwater Condos

2

Stanton Renaissance

4

DUnsire Developments

Page

Finder

Scugog

95

23C

Insert Newcastle 13B

Oshawa

24c

6-7

25B

905-271-5038

• from $280,000

12C

On The Go

647-692-8417

• from $250,000

23C

Anchors at Lakeview

905-990-1745

• from $420,000

13B

5 Davies Smith

Hearthstone by the Bay

416-259-4466

•

24C

8

San Francisco By The Bay

905-831-3631

• • from $180,000

23J

Watermark

416-354-2221

19D

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Phillip M

Manvers

Insert 401

• from $350,000

Park Rd S

• from $300,000

Bloor St

S

416-259-8882 48

Park Rd S

Price Range

og

Scug

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to 416-789-9554

Centre St.

TH* C*

Lake

Stevenson Rd

W entworth St

Whitby 7 Waterfront

Uxbridge

Gibb St

waterfrontmaps: GTA

ia lD r

on Ce re m

W Rd

Eg lin rn Ra to ha th n m bu th rn or Rd Du pe E Th nd Rd e as W Qu St ee E ns w ay

W

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King St WBond St

Lindsay

King

Schomberg

8

401

AdelaideAve

Thornton Rd

Telephone

Garrard Rd Kendalwood R

n Blair St

Cannington

48

Rossland Rd

Manning Rd

Hopkins St

Brock St S Henry St Gordon St

Garden StBlair St

Bv

Dundas St E

416-495-3544

*TH: Townhomes, C: Condo

Si

Stevenson Rd

Anderson St

Cochrane St

rn h

Thornton Rd

Brock St N

McQuay

Bu

Garrard Rd

Thickson Rd

Garden St

Baldwin St S

Taunton Rd W

Town of Whitby

Riva Del Lago

25 queenscorp residences

To Os

Dryden Bv

Rossland Rd

18 Monarch Corporation

chestnut hill development

Stevenson Rd

Rd

Baldwin St N

RoyalYork Rd

Park Law n Cedarbrook T

Du ffs Rd

Ashburn Rd

Cochrane

Country Lane

9

Country Lane

Keswick

400

9

Coronation R

Georgina

Bradford ElevenTecumseth Superior and Tottenham Waterscapes

Conlin Rd

Bayly St E Georgina Island 33 caygeo Bob

East Gwillimbury Further North Waterfront

Adjala

11 Monarch Corp.

Church St E

18

3

25

Ajax-Whitby

10

Mono

Townline Rd

Shelburne

Lakeridge Rd

Davies Smith

Halls Rd N

3

Sim

Alliston,

Beeton, Site

89

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Builder

Audley Rd

0

#

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a

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Lakeshore Blvd E

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Shoal Point Rd

Montgomery F

2

H orner Ave Rossland/Winchester R

co

Pickering Beach Rd

nt

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25

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Kingston Rd

Oro

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11

400

24

Village of 28 Evans Ave G ardiner Expressw ay 5 Brooklin Q ueensw ay

Town of Ajax

Magill Dr

93

La

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Delaney Dr

Finley A ve

I

Squires Beach Rd

SheppardAve Rd on 24 ingst K

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Vespra 401

Q EW

23

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

Harwood Ave

Stroud's

Wasaga Beach

orth D r

Glenanna Rd

d llR Mi

27

21 22

Columbus Rd

Fifth Conces 12 11 9

69

Rossland Rd

20

Brawley Rd Bloor St W

Salem Rd

tti ng 6 ill FinchhAve Ga te Highview Rd

19

D undas St W

Salem Rd

No

18

6 Concession

W estney Rd N

Oakville

3 Concession

Ke rr St

7

Myrtle Rd W Rathburn Rd

Mississauga Taunton Rd E Waterfront Orillia

Church St S

Rd

69

27

W QE

17

Bracebridge

Tay

nR D evo

d

Rd

Ravenscroft

ar R

1

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400

5 Concession

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n dia

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25

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16

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In

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105

WINTER/SPRING 2015 FREE

HOME&CONDO THE GUIDE TO BUYING AND MANAGING YOUR FIRST HOME

Trends in lowrise & highrise homes Your guide on where and what to buy

WHAT TO CONSIDER BEFORE GETTING YOUR FIRST MORTGAGE

+

Expert tips to

DECORATE YOUR FIRST HOME 1 YOUR S PFIRST E C I AHOME L E DWINTER I T I O N 2015

YFH 02-07-15_master.indd 1

15-02-03 7:10 PM

THE GUIDE TO BUYING AND MANAGING YOUR FIRST HOME 416.626.4889

GTA Edition June 6 - 20, 2015

Your complete source for condos, lofts and townhomes in the GTA

IN THIS SECTION Maps and listings for new condo communities in the 905 region Builder news and the latest in condos in the 905 JUNE 6 - 20, 2015 NEW CONDO GUIDE 107

CONDO WATCH

9 5 Builders: If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@ypnexthome.ca

new releases & grand openings

previews & registrations

OAKVILLAGE

By Minto, Branthaven and Emshih

SENSES CONDOMINIUMS

By Empire Communities

Now open: master-planned townhome community coming to Dundas Street East and Trafalgar Road.

Web: Oakvillage.ca

Senses is the latest release at Empire’s successful Rain community at the bustling intersection of Speers Road and Kerr Street in Oakville. Register for VIP access.

Web: SensesCondos.com

LEGACY PARK

By Liberty Development Corp.

Live in Thornhill’s most connected community at Bathurst and Centre Street.

Web: LegacyParkCondos.com

URBAN TOWNDOMINIUMS

By Rosehaven Homes Grand opening continues at these sensational homes located at Mississauga Road and Sandalwood Parkway.

Web: RosehavenUrban.com

HOT CONDOMINIUM

By Great Gulf Phase 3 final release of this stylish boutique condominium is now on sale at Winston Churchill and Eglinton.

Web: GreatGulf.com

Register now for the best of urban living and small-town charm, right in the heart of Streetsville in Mississauga.

Web: VilleCondos.ca

THE SORRENTO

By Armour Heights Developments Register now for this four-storey condominium offering European-style living in Richmond Hill.

Web: TheSorrento.ca

THE MET CONDOS

By Plaza The Met takes comfort and luxury to a whole new dimension.

Web: TheMetCondos.com

THE CRAFTSMAN CONDOMINIUM

By Vandyk

THE BERKELEY

By Carriage Gate Homes

Grand opening of new sales centre and model suite. Check out these artisan-inspired condo residences, coming to Clarkson Village.

Web: CraftsmanCondo.com

A hotel-inspired condominium is coming to Caroline Street and Elizabeth Street in Burlington.

Web: TheBerkeleyCondo.com

PINNACLE GRAND PARK 2

By Pinnacle International Brand new suites are now on sale at Pinnacle Grand Park 2, the newest addition to Mississauga’s skyline.

Web: PinnacleGrandPark.ca

108 NEW CONDO GUIDE JUNE 6 - 20, 2015

VILLE CONDOMINIUMS

By Forest Green Homes

HOW HOW WOULD HOWWOULD WOULD YOU YOU SPEND YOUSPEND SPEND

$$20,000?

20,000?

***

FOR A LIMITED TIME: FOR FORAALIMITED LIMITEDTIME: TIME:

BUY BUY NOW BUY NOW NOW

AND AND RECEIVE ANDRECEIVE RECEIVE *** $$$20,000 20,000

WINTER GARDEN WINTER WINTERGARDEN GARDEN

GRAND SUITE GRAND GRANDSUITE SUITE

FROM $$$306,990 LUXURY FROM LUXURY CONDOMINIUMS 306,990 LUXURYCONDOMINIUMS CONDOMINIUMSFROM 306,990

Under Under construction with Winter 2015 occupancy Underconstruction constructionwith withWinter Winter2015 2015occupancy occupancy VISIT OUR SALES CENTRE: 9612 YONGE STREET VISIT VISITOUR OURSALES SALESCENTRE: CENTRE:9612 9612YONGE YONGESTREET STREET 905.907.4370 www.grandpalace.ca 905.907.4370 www.grandpalace.ca 905.907.4370 www.grandpalace.ca

YONGE ST.

HILLCREST MALL HILLCREST MALL

BAYVIEW AVE. BAYVIEW AVE.

9612 Yonge Street

YONGE ST. YONGE ST.

9612 Yonge Street

WELDRICK 9612 RD. Yonge Street WELDRICK RD. HILLCREST WELDRICK RD.16TH AVE. MALL

BAYVIEW AVE.

MAJOR MACKENZIE DR. MAJOR MACKENZIE DR. MAJOR MACKENZIE DR.

16TH AVE. 16TH AVE. 407 407 407

Prices & specifications subject to change without notice, E. & O. E. Prices & specifications subject to change without notice, E. & O. E. PricesTime & specifications subject to change without notice, E. & O. E. *Limited offer. See Sales Representatives for full details. *Limited Time offer. See Sales Representatives for full details. *Limited Time offer. See Sales Representatives for full details.

JUNE 6 - 20, 2015 NEW CONDO GUIDE 109

4

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5t

b

21 22

St

3

Sid er

2

h

th

1

25 th

oa d

Sid

er oa d

xt

E

Si

Rd

Builder

5

AMACON

Site

Telephone

TH* C*

Price Range

Block Nine

905-273-9333

•

17 Pemberton Group

Downtown Erin Mills Condominiums

905-630-6300

•

34 Pinnacle International

Pinnacle Uptown

905-568-9000

47 The Daniels Corporation

Daniels Erin Mills

905-306-6996

1

Vandyk Communities

The Craftsman

2

Windcatcher Development Corporation

Atwater Condos

905-271-5038

The Clairington

3 Castleridge Homes

Page

Finder 77

20L

from $300,000

9

18M

•

from $250,000

73

19K

•

from $250,000

23

17M

from $310,000

21N

•

from $280,000

24L

905-793-0002

•

from $230,000

16E

craftsmancondos.com

3

Pinnacle International

The Marquee Townhomes on the Park

905-568-9000

•

from $700,000

20K

4

Conservatory Group

Mirage

905-232-2400

•

from $270,000

20K

6

Forest Green Homes

Ville Condominiums

from $220,000

16L

7

Great Gulf

HOT

905-828-4257

•

from $330,000

16M

8

Fernbrook Homes

Absolute World

416-869-6057

•

from $188,000

21k

8

Cityzen

Absolute World

416-869-6057

from $188,000

21K

9

Empire Communities

Senses Condominiums

905-845-7246

•

from $230,000

17Q

10 AMACON

The Residences at Parkside Village

905-273-9333

•

21K

12 Alterra Homes

Renaissance in Olde Brampton

416-710-1010

•

from $490,000

13H

14 Pemberton Group

Rosedale Village Golf & Country Club

905-799-5000

•

from $346,000

13F

15 ADI Development Group

Link2 Condos+Lofts

905-592-2028

•

from $195,000

5M

16 Vandyk Communities

Windows on the Green

905-822-3333

from $300,000

19N

18 Retirement Lifestyle Communities

Palisades on the Glen

905-820-8210

from $290,000

18N

20 Carriage Gate Homes

The Berkley Downtown Burlington theberkeleycondo.com

•

5M

21 Casino Bay Dev. Corp./Toddglen

Panoramic Point at Brewery Bay

1-866-611-5525

•

from $264,000

7Q

27 Inzola Group

Park Place

905-451-7001

•

from $310,000

14H

30 Pinnacle International

Pinnacle Grand Park 2

905-276-3981

•

from $200,000

20L

30 Pinnacle International

Pinnacle Grand Park

905-276-3981

•

from $300,000

20L

32 Armour Heights Developments

River’s Edge

905-533-2400

•

from $285,000

14A

35 Ashley Oaks Group

Emporium at Joshua Creek

905-618-0660

•

from $200,000

17O

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

45 Empire Communities

Rain Condominiums

905-845-7246

•

from $200,000

17Q

46 Mattamy Homes

The Mount Pleasant Village

mattamyhomes.com

•

from $200,000

20K

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

villecondos.ca

•

•

•

•

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

#

111

1

A

2

3

4

5

6

7

8

9

10

11

12

13

14

15

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

16

17

18

19

20

East

H w y.27

Tow n of Oshaw a

2

34

TH* C*

Town of Markham

46

12

5

7 407

11 Concess ion R

Telephone

10 Concess ion R

Rd

9 Line

n de Al

14 Ave

M ain St S H w y.48 Raym ervi lle D r

Site

Key Maps

M ajor M ackenzie

Bullock D r Hw y 7

3

Steeles Ave E

Builder

26

28

M cCow an Rd

404

7 14

A ldergrove D r

St

16 Ave Carlton Rd

407

404

John

45

Kennedy Rd

Cachet Pkw y

Ave

32

1

18 Ave

W arden Av e

16th Ave.

Elgin M ills Rd

W oodbine

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

Leslie St

Leslie St

112

A ve

7

Clark Ave W

Steeles Ave W

#

rn Strathea

Centre St

24 1 13

4

Thornhill H enderson Av e

407

31

Yonge St

44

N ealD r

e Av

7

40

d St

n to

43 10 33

D enham D r

ng Isli t nce S Clare Kipling Av e

50

7

g 407

41 26

W eldrick Rd W

Langstaff Rd

404

M ajor M acKenzie

25

401

19 Ave

Elgin M ills Rd

Richmond Hill

Rutherford Rd

400

Yorklan

St

20

Regent St M illSt

Maple

19th Ave.

24

401

401

G am ble Rd

Bathurst St

D ufferin

e

22

Keele St

H untington

11

M ajor M ackenzie

ff Rd Langstaf

Jefferson Sideroad

Cr

Teston Rd

d

400

Jane St

Kirby Rd

N ashville Rd

W eston Rd

c

Pine Valley

Cold Cree k Rd

12 Line Rd

King-Vaughan Rd

Tow n of Ajax

City of Pickering

Yonge St

6

Bayview Ave

King Rd

23

Tow n of W hitby

Bloom ington Sideroad

b

21 22

Markham

D enison St

Price Range

Page

Finder

13 Liberty Development Corp.

Legacy Park

905-731-8302

•

from $265,000

36

10g

32 Liberty Development Corp.

Royal Gardens

905-889-9997

•

from $303,000

37

15F

43 Guizzetti Developments

Grand Palace

905-907-4370

•

109

12E

44 Liberty Development Corp.

Centro Square Condos 2

905-851-8877

•

from $399,000

35

5F

•

from $400,000

16D 22D

1

Monarch Corporation

Garden Court

416-495-3595

2

Flato Development

Arthouse Condos

905-554-8722

from $200,000

3

Tribute Communities

Varley

905-604-1477

•

from $520,000

19F

4

Tridel Corporation

Renaissance of Richmond Hill

416-736-9500

•

from $740,000

14E

Grand Cornell Brownstones in Markham

905-294-6161

from $340,000

23F

6

5 Lindvest Armour Heights Developments

The Sorrento

289-637-1777

•

from $390,000

13B

7

MintoUrban Communities Inc.

WaterGarden

416-915-3800

•

from $369,000

12F

10 Great Lands Corp.

The Beverly Hills Resort Residences

905-882-6636

from $250,000

12E

11 Triaxis Development Inc/Marino Developments

Courtyards of Maple

416-798-7070

•

from $390,000

7D

12 Greenpark Homes

UV2

905-554-6501

•

from $253,000

22F

14 Remington Group

The Signature Condominium

905-948-9900

•

from $300,000

18F

14 Remington Group

Model Suite of the Month

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

2F

22 Wycliffe Homes

Fairground Lofts

905-605-5900

•

from $340,000

2F

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

Sky City

905-709-5700

•

from $320,000

12F

31 Pemberton Group

Sky City 2

905-709-5700

•

from $320,000

12F

32 Signature Communities

TAO Boutique Condos

905-597-2535

•

from $200,000

15F

33 Pemberton Group

Miracle at Yonge

905-709-5700

•

from $280,000

12F

34 Sierra Homes

68 Main Street

905-305-0822

•

from $250,000

21E

40 Nova Trimax

Allegra

905-850-6866

•

from $250,000

1F

41 Quadcam Development Group Inc

Vista Parc Condominiums

905-850-8883

•

from $260,000

3F

45 Kylemore Communities

The 6th Angus Glen

905-887-9950

•

19E

46 Empire Communities

The Mark

905-554-5015

•

22E

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

•

•

from $250,000

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to (416) 789-9554

HOMEBUYERS’ HELP

condo buyers’ resource section YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD! Compare mortgage rates for your best deal Calculate your mortgage payments

JUNE 6 - 20, 2015 NEW CONDO GUIDE 113

HOMEBUYERS’ HELP

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

EXAMPLE: 5%

25 YEARS

5.82

125 (MORTGAGE AMOUNT $125,000)

$

Follow these steps to see if you’ll qualify for a mortgage on your dream condo 01 Determine the

03 Choose your desired

04 At the intersection of

appropriate five-year fixed mortgage rate, which is easiest to qualify for.

amortization period across the top of the table (25 years has lowest payment and is easiest to qualify for firsttime homebuyers).

the column and row is your mortgage payment per month per $100,000 borrowed.

02 Look down the left column of the table on the opposite page to find the rate (rounded to the nearest 1/4 per cent).

114 NEW CONDO GUIDE JUNE 6 - 20, 2015

Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less.

Also, banks and trust companies vary in their policies.

The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.

Mortgage payment calculation chart

%

INTEREST RATES

Amortization Periods 15 YEARS

20 YEARS

25 YEARS

30 YEARS

2.50%

$666

$529

$448

$394

2.75%

$678

$541

$461

$407

3.00%

$690

$554

$473

$421

3.25%

$702

$566

$486

$434

3.50%

$714

$579

$499

$448

3.75%

$726

$591

$513

$461

4.00%

$738

$604

$526

$476

4.25%

$750

$617

$540

$490

4.50%

$763

$630

$553

$504

4.75%

$775

$644

$567

$519

5.00%

$788

$657

$582

$534

5.25%

$801

$671

$596

$549

5.50%

$814

$684

$610

$564

5.75%

$827

$698

$625

$579

6.00%

$840

$712

$640

$595

6.25%

$853

$726

$655

$611

6.50%

$866

$741

$670

$626

6.75%

$880

$755

$685

$642

7.00%

$893

$769

$700

$659

Table provided by Calum Ross, owner, president and principal broker at Calum Ross Mortgage. He can be reached at 416.410.9905, calum@calumross.com and calumross.com JUNE 6 - 20, 2015 NEW CONDO GUIDE 115

Ontario’s best source of real estate information to

buy, rent, sell or renovate May 30 - Jun 13, 2015 Volume 23 Issue 11

June 6 - 20, 2015 Volume 19 Issue 12

May 23 - June 6, 2015 Volume 18 Issue 10

May 30 - Jun 13, 2015 Volume 15 Issue 11

Eastern Ontario Edition

inspired

escape the ordinary

Community neighbourhood

IN KITCHENER

opening this weekend!

FINAL RELEASE 5 WAYS TO BUILD A BETTER GTA

INSIDE THIS ISSUE

WHAT CONDO INVESTORS (AND THEIR TENANTS) REALLY WANT

You’ve never seen anything like it, and it’s how you want to live now.

THE LOGIC BEHIND PRECONSTRUCTION PRICING

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REMOVING REGULATORY BARRIERS TO GROWTH

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GRIMSBY: WHERE NATURE AND DEVELOPMENT CO-EXIST

BUILDERS APPROVE OF INFRASTRUCTURE PLANS

LONDON’S FIRST NET-ZERO HOME

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MASTER-PLANNED COMMUNITIES: WHAT DO THEY HAVE TO OFFER?

GOING LONG: CANADIANS LOOK TO LOCK IN THEIR MORTGAGES

HOUSING VALUATIONS: WHO AND WHAT TO BELIEVE?

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HOMEBUYERS’ HELP

Compare mortgage rates for your best deal CHARTERED BANKS

Variable

ATB Financial

2.35

Alterna Svgs/Alterna Bk

2.45

Bank of Montreal

2.85

Bank of Nova Scotia

2.85

Canadian Western Bank CFF Bank CIBC

2.85

ICICI Bank Canada Manulife Bank

2.9 2.55

6 Months 4 4.00op 4 6.30op 4 6.30op 4.55 6.45op 4 6.45op

6.70op

National Bank

n/a

President’s Choice Financial Royal Bank

2.5 2.85

TD Canada Trust

2.85

Tangerine

2.85

4.45 4.4 6.70op

6.30op

1 Year 2.94 4.00op 2.85 6.30op 2.89 6.30op 3.29 6.50op 3.14 6.30op 2.99 2.89 6.35op 3.15 3 3.35op 2.89 6.70op 3.14 6.30op 2.89 6.30op 3.19

2 years

3 years

4 years

5 years

2.64 4.00op 2.85

2.54

2.69

2.74

2.39

2.94

2.68

2.84

3.39

3.89

2.74

3.09

3.39

3.89

4.49

3.04

3.65

4.2

4.74

2.79 2.29

2.49 3.55

2.89 2.69

2.69 4.79

3.65 2.94

3.64 2.84

3.69 2.79

3.69 2.79

2.84

3.39

2.74

2.84

2.29 3.04

3.49 3.65

2.67 4.39

4.44 4.64

2.24

3.39

3.89

2.74

3.24

3.49

3.69

3.79

3.25 2.59

3.95 3.39

4.39 3.89

4.64 4.64

3.5

3.7

4.3

4.35

2.35 3.09

2.39 3.39

2.59 3.89

2.59 2.99

3.09

3.39

3.89

4.49

3.1

3.33

3.65

3.13

2.89

2.95

2.99

2.69

2.19 2.59

2.34 2.69

2.54 2.84

2.69 2.69

2.69

2.89

2.79

2.89

3.09

3.39

3.89

4.74

2.9

2.99

3.9

4.45

3.09

3.55

3.29

2.69

2.85

2.95

3.05

3.15

2.55

2.55

2.65

2.65

TRUST COMPANIES Community Trust Concentra Financial

n/a n/a

Effort Trust

n/a

Home Trust Company Investors Group Trust

2.35 n/a

MTCC

2.85

6.5 5 6.70op 4.45 6.30op 3.95 4.2 6.50op 4.55 6.45op

3.14 2.89 6.30op 3.35 6.30op 2.69 3.14 6.30op 3.29 6.50op

OTHER FINANCIAL INSTITUTIONS Airline Financial C.U.

4

Comtech Credit Union

2.45

First National Fin. LP FirstOntario C.U.

2.85

IC Savings

2.85

London Life

n/a

Luminus Financial

2.8

Meridian Credit Union

2.65

Parama Credit Union

2.65

Steinbach Credit Union

2.4

6.2 6.40op 3.1 6.34op 6.15 6.50op 4.2 6.50op

4

3.01 6.25op 2.89 6.30op 2.29 2.89 6.34op 2.89 6.50op 3.14 6.30op 2.95 6.25op 3.09 6.30op 2.8 2.95op 2.45

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 Prepared by http://www.FiscalAgents.com/mortgage/rates

JUNE 6 - 20, 2015 NEW CONDO GUIDE 117

index of advertisers 45 Charles Ltd. - Chaz Yorkville Condos

5

Lifetime Developments - The Bond Condominiums

19

AMACON - Block Nine

77

Luxury Living Magazine - Promo

99

Aragon Properties - Enigma on the Park

93

Madison Homes - Zigg St.Clair West

49

Aspen Ridge Homes - Studio on Richmond

47

Malibu Investments Inc. - Smart House

44

Bazis Inc. - No1 Yorkville

3

Brandy Lane Homes - The Station

46

Brookfield Homes - The Arbors

69

Camrost - Felcorp - Blue Diamond at Imperial Plaza

Menkes Developments Inc. - 365 Church

Insert

Menkes Developments Inc. - 87 Peter

Insert

Menkes Developments Inc. - Corporate

Insert

Menkes Developments Inc. - Fabrik

Insert

Menkes Developments Inc. - Gibson Square

Insert

Menkes Developments Inc. - Harbour Plaza

Insert

1

Canalfa Group - Liberty Central by the Lake - Phase One

59

Canalfa Group - Liberty Central by the Lake Two

79

Capital Developments - 150 REDPATH

39

Castle Group Developments - Vida at Bayview Village

30

Menkes Developments Inc. - Humber Mews

Insert

Centre Court Development - Grid Condos

61

Menkes Developments Inc. - Pears on the Avenue

Insert

Children’s Discovery Centre - Come Play

26

Menkes Developments Inc. - The Eglinton Yonge at Heart

Insert

Citycore - Harmony Village

87

Mobile App - Promo

Concert Properties - The KIP District

48

Monarch Corporation - Corporate

Insert

Concord Adex - Omega On The Park

28-29

Monarch Corporation - Lago

Insert

Monarch Corporation - Picasso on Richmond

Insert

Monarch Corporation - Riva del Lago

Insert

Monarch Corporation - Waterscapes

Insert

Cresford Development Corp. - CASA 2

120 & IBC

Davies Smith - Eleven Superior

95

Dundee Kilmer Developments - Canary Park Condominiums

58

Eden Shaw - Chaz Yorkville Condos ELAD Canada - The Colours of Emerald City

5 65

Empire Communities - Eau Du Soleil Waterfront Condominiums

6-7

Family of magazines - Promo

116

92 & 119

Opearl Developments - Sail Condominiums

84

Pemberton Group - Citylights on Broadway

8

Pemberton Group - Downtown Erin Mills Condominiums

9

Pinnacle International - Pinnacle Uptown

73

39

Plaza - Corporate

31

Gemterra - Joy Condos

67

Sorbara Group - Beacon

71

Geranium Homes - Pace on Main

75

Streetcar Development - The Southwood

22

Ghods Builders Inc. - 5959 Yonge Street

54

Suite of the Month - Amacon

76

Great Gulf - Yonge+Richmond

25

T.D. Bank - Corporate

17

The Daniels Corporation - Daniels Erin Mills

23

The Daniels Corporation - Daniels Waterfront

27

The Daniels Corporation - High Park Condominiums

15

Tribute Communities - Stanley

57

Fieldgate Homes - Zigg St.Clair West

49

Freed - 150 REDPATH

Guizzetti Developments - Grand Palace

109

Harhay Developments - One Eleven Condominiums & Lofts

85

HSBC - Corporate

11

Kubo Developments - Marquette Urban Towns

97

Lamb Development Corp. - East Fiftyfive

51

Lamb Development Corp. - The Harlowe

55

Lash Group of Companies - The Barrington Condominiums Flats

91

Liberty Development Corp. - Centro Square Condos 2

35

Liberty Development Corp. - Legacy Park

36

Liberty Development Corp. - Royal Gardens

Tridel Corporation - Islington Terrace

IFC

Tridel Corporation - SQ2

BC

Urban Capital - RC3

45

Urban Capital - Smart House

44

37

Urban Capital - The Ravine

41

Liberty Development Corp. - Terrace on Danforth

37

Your First Home - Promo

Liberty Development Corp. - World on Yonge

37

YP Next Home - Promo

106 74

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JUNE 6 - 20, 2015 NEW CONDO GUIDE 119

Built for a grand opening. blOOR stREEt WEst At IslINGtON subWAY stAtION

Discover islington terrace, tridel’s new master planned condominium community just steps from the subway and minutes from islington Village plus the Kingsway on Bloor. Join us at our new Presentation Centre for the Grand Opening and tour the stunning designer model suite. Embrace the new spirit of living at Bloor and islington.

EIGht DEcADEs OF hOmE buIlDING. OvER 80,000 hOmEs buIlt. tRIDEl cOmmuNItIEs ARE buIlt GREEN. buIlt FOR lIFE.® *Price and specifications are subject to change without notice. Illustrations are artist’s concept only. Building and view not to scale. Tridel Built for Life®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2015. All rights reserved. E.&O.E. June 2015.

GRAND OPENING Suites Priced from the mid $200’s* Visit the New Presentation Centre 3326 Bloor Street West, Etobicoke (At islington) 416.645.8862

tridel.com

THE SIGNATURE PENTHOUSE COLLECTION FROM $1 MILLION Live at the most exclusive address in the heart of Yorkville, mere steps to designer shopping, dining, art and culture. The Signature Penthouses at CASA II offer unobstructed views and highend fi nishes including gas fi replaces, sleek Scavolini kitchens and top-of-the-line Gaggenau appliances. This is Yorkville’s ultimate luxury address. A sculptural 56-storey glass tower featuring 10 foot ceilings embellished with MissoniHome furniture.

CONDOMINIUM GALLERY

CASA2CONDOMINIUMS.COM 416.486.CASA (2272) BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST’S CONCEPT. E. & O.E.

CONDOMINIUM GALLERY 170 MERTON STREET

GOOD

morning. cOmING sOON: sQ2 DIsQOvER thE NEWEst ADDItION tO AlExANDRA PARk

Discover SQ 2 – the second stage in a grand production that’s revitalizing one of toronto’s most iconic cultural landscapes. ideally located at Spadina and Queen, SQ 2 is master planned living, reimagined. With spacious suites overlooking the cityscape and new green spaces – discover a fresh take on life in the city.

Register now at tridel.com

EIGht DEcADEs OF hOmE buIlDING. OvER 80,000 hOmEs buIlt. tRIDEl cOmmuNItIEs ARE buIlt GREEN. buIlt FOR lIFE.® Tridel Built for Life , Tridel Built Green. Built for Life. are registered trademarks of Tridel and used under license. ©Tridel 2015. All rights reserved.

E.&O.E. June 2015. ®

®

tridel.com 416.661.1949