GTA New Condo Guide - Jun 24, 2017

VOLUME 21, ISSUE 13, FREE JUN 24 - JUL 8, 2017 VOLUME 21, ISSUE 13, FREE

GTA EDITION GTA EDITION

CLOSING ON YOUR INSIDE CLOSING ON YOURNEW NEWCONDO: CONDO: INSIDE THIS ISSUE YOU NEED THIS ISSUE WHAT WHAT YOU NEEDTO TOKNOW KNOW

THE THE RISE RISE OF HIGH-DENSITY HIGH-DENSITY HOMES GTA HOMES IN IN THE GTA

CELEBRATECANADA CANADA WITH CELEBRATE WITH DÉCORTHAT THATSCREAMS SCREAMS EH! DÉCOR EH!

Editor’s Note

Affordability is in the eye of the beholder THERE’S NO DENYING THAT THERE’S AN AFFORDABILITY ISSUE dominating

LYDIA MCNUTT Senior Editor Yellow Pages NextHome Email: Lydia.McNutt@ypnexthome.ca Twitter: @LydiasTweets

Toronto’s housing market. Indeed, the average detached home here now costs in excess of $1.5 million, as per the latest figures reported by the Toronto Real Estate Board.

Every time the monthly market reports and sales statistics land on my desk, I ask myself: how can anyone afford to buy a home? Perhaps the better question is, what’s your definition of “home?”

New forms of high-density housing – such as condos, stacked and backto-back townhomes, and what the Canadian Home Builders’ Association identifies as “missing middle” housing – offers an affordable solution to the unaffordable detached dilemma. Pre-construction sales take that affordability a step further.

Oftentimes, builders will offer incentives to buy early in the marketing cycle, like special pre-construction pricing to help kick-start sales and get the shovels in the ground.

Aside from that initial break on the bottom line, the buyer also builds equity on their pre-construction home, simply by virtue of patience. From the time you buy your unit to the time you get the keys, which can take a year or two, you’ll likely have earned a good chuck of equity on your initial investment.

When all is said and done, real estate has historically been a sound long-term investment. Ask your parents how much they paid for their home 30 years ago, and compare that to what it’s worth today. How’s that for incentive?

WINNING A BIDDING WAR

READ THE STORY ONLINE In a hot housing market, bidding wars are to be expected. So are inflated prices. Ultimately, winning in real estate means knowing the difference between good value and over-value.

Here are some strategies for making a smart purchase. Read the full story… nexthome.yp.ca/bidding-war

+ get social 2 YPNEXTHOME.CA

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JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 3

Contributors

BILD REPORT

BRYAN TUCKEY Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and BILD’s official blog (bildblogs.ca).

VICE PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF SALES

Moe Lalani ASSOCIATE PUBLISHER

LEGALLY SPEAKING

Anne-Marie Breen

JAYSON SCHWARZ

DIRECTOR OF CONTENT

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.

MANAGING EDITOR

Jennifer Reynolds Wayne Karl SENIOR EDITOR

Lydia McNutt ART DIRECTOR

CONDO PRO

Daiana Garay

BARBARA LAWLOR

CONTRIBUTING EDITORS

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.

Sonia Bell Elisa Krovblit SENIOR ACCOUNT EXECUTIVE

Nina Downs nina.downs@ypnexthome.ca SALES & MARKETING CO-ORDINATOR

STAT CHAT

BEN MYERS Ben Myers is senior vice-president of market research and analytics at Fortress Real Developments. Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments.com/news or follow him on Twitter at @BenMyers29.

Terry Bassett SENIOR MANAGER, DISTRIBUTION

Dwayne Rutherford NATIONAL CIRCULATION MANAGER

John Jenkins PRODUCTION MANAGER

Anthony Majetic PRODUCTION CO-ORDINATOR

Sandra Hanak-Vujnovic GRAPHIC DESIGNER

MORTGAGE ADVICE

Miguel Cea

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

more online We have even more content online! Read more stories from our team of contributors at ypnexthome.ca, including stories by:

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 ypnexthome.ca

ADVERTISING Call 416.626.4200 for advertising rates

and information.

CIRCULATION Highly targeted, free distribution

DESIGNER ADVICE

system aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments.

YANIC SIMARD

COPYRIGHT 2017 All rights reserved by Yellow

Celebrity Designer Yanic Simard is principal designer of award-winning, boutique firm Toronto Interior Design Group (tidg.ca), and regular design expert on City’s Cityline. @yanicsimard

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.

FINANCE

GAIL VAZ-OXLADE Gail Vaz-Oxlade is the host of Til Debt Do Us Part and author of Debt Free Forever and blogs daily at gailvazoxlade.com

4 YPNEXTHOME.CA

EDITORIAL Submissions from interested parties will be

considered. Email your ideas to the editor at lydia.mcnutt@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication.

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 5

What’s Online

Trending now The latest real estate news from across Canada

Your tropical daydreams come true READ THE STORY ONLINE

Facing a bidding war? Try these winning strategies

nexthome.yp.ca/tropical-daydreams

READ THE STORY ONLINE nexthome.yp.ca/bidding-war

June 30: still the busiest moving day of the year READ THE STORY ONLINE nexthome.yp.ca/moving-day

And Canada’s fastest-growing housing markets are (drumroll please...)

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Discover a home for your vision.

BE RIGHT THERE. AT MISSISSAUGA SQUARE. COMING SOON. Just north of Square One, Plaza’s Mississauga Square is waiting for you to call it home. Beyond access to world-class amenities, you’ll find yourself strategically located. Near the proposed Hurontario LRT, and between highways 401 & 403, you’re easily connected to everything the GTA has to offer.

Register now.

pureplaza.com JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 7

Property Profile | YONGEPARC2

Residents and guests are welcomed by concierge service in the sleek lobby

YONGEPARC2 COMING SOON Spacious suites and irresistible amenities create an extraordinary lifestyle OFFERING URBAN CONDOMINIUM designs

Location

Richmond Hill Builder

Pemberton Group Development

YongeParc2 Home Type

Highrise suites Contact

pembertongroup.com

8 YPNEXTHOME.CA

in the heart of Richmond Hill City Centre, YongeParc2 is Pemberton Group’s newest Richmond Hill condominium community coming soon to the vibrant Yonge Street/ Highway 7 area. Residents will live steps to GO Transit, VIVA, and the YRT hub. This established neighbourhood boasts existing schools, parks and golf courses, and a myriad of entertainment and shopping venues.

Rising to 19 storeys and set amid lush landscaping, YongeParc2 will have a wide array of on-site amenities designed to energize, entertain and inspire you.

Residents and guests will be welcomed into the sleek lobby complete with concierge

service. There will be a party room with a lounge area and kitchenette, and an outdoor area with seating and barbeques. Living here, you won’t need a gym membership as you can take advantage of the on-site state-of-the-art Fitness Studio with weights, the separate yoga space, men’s/women’s saunas, and an outdoor area with seating.

All suites will have Pemberton’s renowned top-quality features and finishes. Highlights include, all as per plan, nine-ft. ceiling heights in principal areas, 7½-inch wide laminate flooring, and smoothfinished ceilings. Modern kitchens

Spacious open-concept suites include Pemberton’s renowned top-quality features and finishes

will have contemporary cabinetry and under upper-cabinet lighting, optional kitchen island where applicable, a selection of quartz countertops, and a choice of glass tile or porcelain tile backsplash.

The stainless steel finish appliance package includes a 17-cubic-foot counter depth refrigerator with bottom mount freezer; a 30-inch self-cleaning range with glass top; a 24-inch dishwasher; plus a combination microwave range hood.

Luxurious bathrooms will feature a soaker tub (as per plan), vanity with quartz countertop, and 12-by-

24-inch porcelain floor and wall tiles for the shower/bath enclosure.

Suites will also feature a stacked white washer and dryer, as well as thoughtful touches not often found in new construction - a light fixture in the bedrooms, and manual roller shades for windows and balcony or patio sliding door(s).

Suites will range from onebedroom, to one-bedroom-plusden, two-bedroom, two-bedroomplus-den and three-bedroom layouts in sizes from 555 to 995 sq. ft., and prove attractive to everyone from first-time buyers to families and empty-nesters.

Prices will begin from the $300’s and include a parking space and locker. Prices and specifications are correct at press time. Please see a sales representative for full details.

To be among the first to explore all that YongeParc2 has to offer, be sure to register online now at pembertongroup.com.

For more about Pemberton’s many fine condominium communities, visit pembertongroup.com. You can also follow the company on Facebook, Twitter, Instagram and YouTube.

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 9

contents JUNE 24 – JULY 8, 2017 | VOLUME 21, ISSUE 13

20 ON THE COVER

Lamb Development Corp.: Spotlight on Television City Condos in Hamilton + online NEIGHBOURHOOD

HOME SEARCH

MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

MAPS

trending

8

22 Housing forecast

YongeParc2

Spacious suites and irresistible amenities create an extraordinary lifestyle

30 Bianca

WITH

DYNAMIC

property profiles

LOOK FOR THE CIRCLE

Bianca defines luxury on “The New Dupont”

40 Theory Condominiums

Parallax will prove the theory of smart living

10 YPNEXTHOME.CA

Softer home sales and price growth in Greater Golden Horseshoe: CREA

28 Investment property

The pros and cons of an Airbnb investment property

by Sonia Bell

38

Finance

Big Brother cracks down on tax cheats in real estate

42 Around town

Province unveils new urban greenspace to celebrate Ontario’s 150th Anniversary

44 Q&A

Why high-density developments are the next big thing in the GTA

by Lydia McNutt

8 30

46 Housing market

Canadian home sales take a hit

52 Homebuyers’ help

Hesitant homebuyers, you’re on the clock: Now may be your time to buy

by Wayne Karl

54 In development

Contemporary architecture a shining example of modern living at Radiance townhomes

advice

12

BILD report

Designing innovative and affordable home choices

by Brian Tuckey

16

Stat chat

Are there any more foreign buyers in the Toronto condo market?

by Ben Myers

17

Mortgage advice

Saving vehicles to drive up your home-buying fund

by Alyssa Furtado

18

Legally speaking

Closing on your new condo? Here’s what you need to know

by Jayson Schwarz

26 News & views

Go ahead, make your move

by Lydia McNutt

32

Condo pro

Big ideas on downsizing

by Barbara Lawlor

33

Fundamentally speaking

Buying your first home?

Four tips to help guide your decision

by Wayne Karl

60 Money matters

The lost art of saving

by Gail Vaz-Oxlade

inspiration

56 Style file

Celebrate Canada with these home decor musthaves!

by Elisa Krovblit

in every issue

02 Editor’s note 04 Contributors 06 What’s online 50 Neighbourhood profile Durand

by Christine Ottoni

66 Hot properties

Previews, new releases and grand openings

58 Top list

Toronto’s top cultural festivals this summer

by José Gonzalez

64 Local eats

Best pulled pork in Toronto

by Jennifer D’Agostino

78

Advertiser index

district maps

68 Toronto and Waterfront 74 905 region JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 11

Advice | BILD REPORT

Designing innovative and affordable home choices

By Bryan Tuckey

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THE HOME BUILDING and land

development industry is always innovating and working to provide new-home buyers with choices that are both desirable and affordable.

Last year, BILD introduced two special innovative design awards as part of its annual BILD Awards program that recognize such efforts.

The Best Innovative Suite Design and Best Innovative Home Design categories distinguish excellence and innovation in suite design and in the design of single-family homes that increase home choices for entrylevel consumers. Detached or semidetached houses or townhomes are eligible for consideration in the home design class, while suite design award is open to condo apartment units smaller than 750 sq. ft. in midrise and highrise developments.

Functionality and use of space are key judging criteria for both categories, since affordability often comes in smaller spaces.

The amazing 274-sq.-ft.

SmartStudios micro condo unit by Building Capital’s and Mason Homes’ ingenious Oakwood plan that can be built as either a townhome or semidetached or detached house, won the awards last year.

This year, we also had many great submissions in both categories and our judges did not have an easy job selecting winners.

The winner of the Best Innovative Home Design was presented to Arista Homes for its Briarwood unit in Boxgrove Village in Markham, 12 YPNEXTHOME.CA

Functionality and use of space are key judging criteria for both categories, since affordability often comes in smaller spaces which features a commercial flex space and two separate living spaces all in one townhouse.

Designed by Hunt Design Associates, the 4,000-sq.-ft. design’s commercial space could be used for anything from a hair salon, to a dental practice or an office for a lawyer or accountant. Its separate, second suite could house family members or caregivers, or it could be used as a rental unit. Both of the design’s open-concept living spaces have two bedrooms and two terraces.

The award for Best Innovative Suite Design went to Laurier Homes for its Kingwood unit at Upper Beach Club, a 41-unit six-story midrise building that the company is developing on Kingston Road in Toronto.

Designed by OneSpace Unlimited, The Kingswood is a 705-sq.-ft. one-bedroom unit that maximizes all available space. The corner unit

on a compact floor plate is open and airy, with the bedroom off to one side. It has an open kitchenette and the major appliances are neatly dovetailed into a niche created by the structural walls. A key feature is the bank of windows that run the length of the unit and look out on to the unit’s 480-sq.-ft. private terrace.

These are only a few examples of how our industry is innovating and providing consumers with affordable home options. To learn more about BILD Awards visit bildawards.com.

Bryan Tuckey is president and CEO of the Building Industry and Land Development Association, and is a land-use planner who has worked for municipal, regional and provincial governments. He can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta) and BILD’s official online blog (bildblogs.ca).

Coming this Fall, we invite you to Make Your Way Home by heading EAST to DuEast Condominiums.

REGISTER TODAY

416.955.0559 D U E A S T T O . C A Join the

Exclusive, early access to suites, floors & views

As the sun rises in the east, so does a brand new condominium in one of Toronto’s most desirable and fastest growing neighbourhoods. Situated at Sumach and Dundas Streets, in the heart of the award-winning Regent Park revitalization, this new, landmark residence will feature studio to three bedroom suite designs, outstanding resident amenities and a location that’s surrounded by a 6-acre park, aquatic centre, 2.8-acre athletic grounds, schools, shopping, dining, and easy transit options.

Don’t wait. Head DuEast today!

Suites from the high

$200s

Exclusive Listing: City Life Realty Ltd. Brokerage. Brokers Protected. Illustration of DuEast Condominiums, along with the surrounding buildings and landscape, are artist’s concept, subject to change without notice, and may not be representative of the final product. Please speak to a Sales Representative regarding future developments. All stated square footages, dimensions, and specifications are approximate and 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 24 - JULY 8, 2017 | NEW CONDO GUIDE 13

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 15

Advice | STAT CHAT

Are there any more foreign buyers in the Toronto condo market?

By Ben Myers

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THE FOREIGN BUYER debate in Toronto is truly a red herring.

For nearly a decade people have claimed that offshore investors are buying up every new highrise unit in Toronto. It just wasn’t true. Have investors been buying up the bulk of pre-construction condominiums in downtown Toronto? They have, but they’re local investors, they rent the units out, and create much-needed rental supply.

The debate has gone on forever, with developers of the largest and most investor-friendly projects in downtown Toronto indicating that foreign buyers have purchased up to five to 10 per cent of their projects in the past, but they have not significantly moved the needle on sales. Developers usually require down payments of 35 per cent for non-Canadians, which equates to $200,000 for the average-priced new condo in the Greater Toronto Area based on April's Altus Group data. In addition, many construction lenders don’t like to see too many foreign buyers on the list of purchasers at a new project, with worries about closing risk, despite the hefty down payments. Lenders don’t want to end up owning real estate units, and they want to ensure they can legally pursue damages if a buyer breaks their agreement of purchase and sale, which is difficult when the buyer doesn’t live in Canada.

In April, the Ontario government introduced a new 15-per-cent Non16 YPNEXTHOME.CA

Resident Foreign Speculators Tax, similar to the tax levied in Vancouver in late 2016. The tax would add another $85,000 to the purchase price of that average-priced GTA unit.

I met with a former client of mine who is now working out of Shanghai, and assisting Chinese buyers interested in purchasing properties in Europe and North America. Our firm has not utilized his services or other firms that do the same thing because the local market has been so strong, we haven’t needed to. He mentioned foreign buyers are now looking outside of Toronto and Vancouver, and concentrating on Calgary, Ottawa and Montreal. We’ll have to wait to see if house prices start to spike in those markets as a result of foreign buyers.

Early results post-foreign buyer's tax haven’t shown a drop-off in new

condominium sales, with a new, multi-phased condominium project in Vaughan selling their first two buildings in less than two weeks in late May and early June. I guess foreign buyers weren’t driving our market after all.

Don’t be fooled by the foreign buyer rhetoric. Hire the right realtor, stick to your budget, and do your research before committing to a new condominium, and there’s about a 99-per-cent probability you’ll have a local neighbour! Good luck and happy condo hunting.

Fortress Real Developments partners with builders across Canada, and Ben assists in evaluating the market and projects that Fortress engages in.

Follow his blog posts and commentary on the Canadian Housing Market at fortressrealdevelopments.com or follow Ben on twitter at @BenMyers29

YongeParc / Richmond Hill

We call it Pemberton.

Mills Square / Mississauga

Time and Space / Toronto

GO.2 Condominiums / Maple

YongeParc2 / Richmond Hill

The Urban Townhome Collection / Toronto

Illustrations are artist’s concept. E. & O. E.

Everything a home should be.

The Pemberton difference. It begins with building in the GTA’s most coveted locations.

From there, we bring together design creativity, superb craftsmanship, quality features and outstanding amenities. It’s through this process we develop communities that go beyond the standard. Reinventing the way you live, one community at time.

That’s the Pemberton difference.

Learn more at pembertongroup.com

You call it your favourite restaurant.

it’s time.

Condominiums at Front and Sherbourne.

R E G I S T E R N O W AT P E M B E R TO N G R O U P.C O M

Advice | MORTGAGE ADVICE

Saving vehicles to drive up your home-buying fund

By Alyssa Furtado

IF YOU WANT TO SAVE UP to buy a home in the next five years, avoid investing the money in stocks, which carry the risk of a total loss. Instead, consider no-risk options like a high-interest savings account or GICs. But what type of savings vehicle is best for you?

There are three different types of accounts to choose from, each with its own advantages and disadvantages.

RRSP An RRSP allows the money you save to grow tax-free. If you qualify as a first-time homebuyer, you’ll also be able to take advantage of the Home Buyers’ Plan (HBP).

Using the HBP, you can withdraw up to $25,000 from your RRSP as long as the money was deposited more than 90 days ago. If you’re buying with a spouse or partner who’s also a first-time buyer, you can each take out $25,000 for a total of $50,000. The money you withdraw has to be taken out no later than 30 days after the closing date.

You must repay what you borrowed the second year after the year you withdrew the funds. You have up to 15 years to repay that amount.

For example, if you borrow $24,000 from your RRSP, you’ll need to pay $1,600 a year ($24,000 divided by 15, equals $1,600).

You can pay more than the $1,600 toward your HBP in any given year and your annual payments will decrease. If you decide to pay $9,400 in the second year, then you’ll only need to pay $1,000 a year thereafter.

The great thing about the money you withdraw from your RRSP for the HBP is it’s tax-free. However, if you can’t afford to make the annual payment, you’ll have to declare it as RRSP income on your tax return.

YEAR HBP Balance Annual Repayment Amount Your Payment

2016

2017

2018

$24,000

$22,400

$13,000

$1,600

$1,600

$1,000

($24,000

($22,400

($13,000

÷ 15 years)

÷ 14 years)

÷ 13 years)

$1,600

$9,400

$1,000

Tax-Free Savings Account Like an RRSP, a TFSA also allows your money to grow tax-free. But there aren’t as many restrictions as there are with an RRSP. If you’re buying a home for the second or third time, you can still make a tax-free withdrawal from your TFSA. There aren’t any first-time homebuyer restrictions.

You’re not restricted from borrowing just $25,000 because you can withdraw as much as you want from a TFSA. You also don’t have to pay the money back over a specific time-frame. In fact, you don’t have to repay the amount you took out and there aren’t any tax penalties.

The other good thing about using your TFSA is you keep your RRSP intact and allow your money to compound over time so you can save more for retirement.

However, you won’t get a tax refund if you save using a TFSA instead of an RRSP. If you were to get a refund, you could use that extra cash for your down payment, allowing you to save even more money.

Non-registered account You could use a non-registered account to save for a house but this isn’t the best option because you’ll be taxed on any interest earned.

The only reason you might use this type of account is if you don’t have any RRSP or TFSA contribution room, which is highly unlikely.

However, you can withdraw as much money as you want from a non-registered account and you never have to pay it back.

Which one to choose?

RRSPs and TFSAs allow your money to grow tax-free while a non-registered account does not. A TFSA has fewer restrictions while a saving in an RRSP will provide you with tax refunds, which can increase your savings.

The best option might be to use a combination of both.

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

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 17

Advice | LEGALLY SPEAKING

Closing on your new condo?

Here’s what you need to know

By Jayson Schwarz

MORE ADVICE ONLINE ypnexthome.ca/news/advice

AT 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 he 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 certain 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 18 YPNEXTHOME.CA

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.

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 with your questions, concerns, critiques and quandaries.

Exc Ren

TELEVISION CITY

HAMILTON

SPECTACULAR HIGH RISE HOMES FROM THE 200’S TELEVISIONCITY.CA 416.368.5262 EXCLUSIVE BROKER

Exclusive Listing: Brad J. Lamb Realty Inc., Real Estate Brokerage. Brokers Protected.

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

DEVELOPER

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 19

Property Profile | TELEVISION CITY

cover story

Lamb Developments shines the spotlight on

TELEVISION CITY CONDOS IN HAMILTON YOU’VE ENJOYED IT ALL BEFORE – resort-style living in Miami or Boca Raton or

Palm Springs. A sky lounge that opens onto a lavish pool area where you can lounge after an intense workout in a world-class fitness centre. Slip down to the lobby for some shopping or a quick bite before heading out to watch the big game, a concert or the theatre. Step outside to let the dog enjoy some fresh air in the adjoining dog park, complete with a wash station. Even the kids have a play space to call their own. These are the conveniences and cosmopolitan living you’d only expect on vacation – but now the holiday doesn’t have to end.

Television City in Hamilton – yes, Hamilton! – has all this and more.

A landmark in Hamilton’s media history will soon take on new life as Television City, a major condo development that will continue to anchor this well-known corner of the Durand community. For decades, 163 Jackson St. W. was the 20 YPNEXTHOME.CA

broadcast home of Tiny Talent Time, Hilarious House of Frightenstein, The Red Green Show and other madein-Hamilton programming. Now, it will take on new life as a made-inHamilton condo residence like nothing this city has seen.

Television City is spearheaded by Toronto’s well-known Brad J. Lamb and Lamb Development Corp., with a 20-year history of high-profile transformations, revitalizations and recreations, in partnership with Movengo Developments. This is Lamb’s first foray into the Hamilton spotlight with a project that will turn heads and appeal to all levels of the home-buying spectrum – firsttime buyers, singles, young families and empty-nesters – creating a microcosm of the community and a dynamic project.

Peter Clewes of architectsAlliance has successfully created a design that merges an historic 1850s stone mansion with two towers connected by two storeys of world-class

Location

amenities you’d experience at fine resorts. The mansion will be preserved and renovated with a future role to be decided. Innovative interiors are by Kelly Cray of Union 31.

Television City combines a breathtaking main level of retail with soaring ceilings flanked by two residential towers that will house about 618 units. Developer Brad Lamb has been watching Hamilton for years, and with the opening of the North End Go Transit station and availability of several prime properties, the time has never been better to introduce a world-class condo lifestyle to the city.

Suites range from 369 to 2,028 sq. ft. Three-bedroom suites offer families time to establish themselves; studiosized suites enable first-timers to step into the market; while penthouses offer something for the discerning buyer.

Situated in the most lifestyle-rich area of Hamilton, this project has pulled out all the stops to present a spectacular slate of its own amenities ensuring residents will have everything under one roof to eliminate outside memberships and clubs. Amenities will be shared between the two towers with a two-storey connection featuring a sky lounge, expansive terrace, barbecue area and the piece de resistance – an infinity pool.

They’ll enjoy a world-class fitness club, and the introduction of a co-op tech centre to foster collaboration among professionals and creatives while fulfilling their work-at-home digital needs. Other facilities include a children’s play centre and a dog run.

Residents will be a short stroll

Hamilton Builder

Lamb Development Corp. & Movengo Developments Development

Television City Home Type

Condominium suites from 369 to 2,028 sq. ft.

Sales Centre

Coming this September Contact

416.368.5262 televisioncity.ca

from their every need – from food to health care to just plain fun! They will be within steps of Hamilton’s Locke Street, a wandering window-shopping Mecca of gift shops, antiques and collectibles plus boutiques, spas and shops favoured by foodies.

Hess Village offers pubs and grub and international fare while arts, recreation and culture await further down King Street at the Art Gallery of Hamilton, Hamilton Place, FirstOntario Centre (formerly Copps Coliseum) and Theatre Aquarius. Then, take in James Street North and its galleries and eateries that draw in thousands of people to the monthly Art Crawl and annual Super Crawl.

McMaster is close by. It’s just minutes to downtown Hamilton, along with immediate access to Hwy. 403 and mountain access along Queen Street’s winding, treed roadway. Or follow Bay Street down to Bayfront Park where you’ll find sailing and rowing plus strolling, biking and running along the Waterfront Trail. And there’s a second Hamilton waterfront – the beach strip that follows Lake Ontario.

The site office opens late September 2017 with sales to begin this fall.

Register today at televisioncity.ca.

Call 416.368.5262 or email info@televisioncity.ca. You, too, can be in the spotlight in a new condo at Television City!

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 21

Trending

Softer home sales and price growth in Greater Golden Horseshoe: CREA

p

HOUSING MARKET TRENDS continue

to diverge considerably among regions along four general themes: the Greater Golden Horseshoe, BC, oil- and natural resource-dependent provinces, and everywhere else.

This is according to the latest resale forecast by the Canadian Real Estate Association (CREA).

In Ontario, housing market sentiment has similarly cooled following provincial policy changes in April 2017. Trends for the province are softening, with home sales and price growth in the Greater Golden Horseshoe region slowing.

22 YPNEXTHOME.CA

In BC, activity is showing early signs of recovery from last year’s correction in some areas, suggesting home-buying sentiment may be starting to improve.

Sales activity is still running at lower levels in the natural resource-intensive provinces of Alberta, Saskatchewan, and Newfoundland and Labrador, and supply remains elevated. This has resulted in somewhat softer price trends in the two western provinces, and more pronounced price declines in Newfoundland and Labrador. Even so, activity in Alberta has firmed up compared to the low reached in early 2016, and the balance between supply and demand in the province has been tightening. By comparison, the balance between supply and demand in Saskatchewan and Newfoundland is increasingly favouring buyers.

To varying degrees, housing markets in Manitoba, Northern and Eastern Ontario, Quebec, New Brunswick, Nova Scotia and Prince Edward Island had a breakout year in 2016, with rising sales drawing down previously elevated levels of supply. So far this year, more balanced market conditions have remained in all of these regions. …continued on page 24

COMING THIS AUGUST Enjoy exclusive perks & privileges as a Wesley Tower Inner Circle™ member.

• First choice of suites, floors and views • An invitation to the first advance sale • Daniels special members-only events • Access to insider information To become an Inner Circle™ member, simply pay a one-time membership fee of $300 which will be applied toward the purchase of your new suite at Wesley Tower or can be fully refunded at any time, if you decide not to purchase.

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SUITES FROM THE MID

$200000s

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

Prices, specifications, and programs are subject to change without notice. *Conditions apply, limited time offer. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. E. & O. E.

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 23

…continued from page 22

Access to financing and affordability for potential homebuyers has been reduced by tighter federal regulations announced late last year, together with recent increases in mortgage default insurance premiums and changes to Ontario’s housing policies. With little more than a month having passed since the provincial changes were announced and implemented, the combined impact of policy changes on homebuyer and seller sentiment, sales, listings, and the balance between the two pose potential upside and down-side forecast risks.

Nationally, sales activity is forecast to decline by 1.5 per cent to 527,400 units in 2017. This is little changed compared to CREA’s previous forecast at the national level, with an upward revision to the sales forecast for BC offsetting a downward revision to Ontario’s.

Sales in BC are still forecast to decline in 2017 compared to the all-time record in 2016, down by nine per cent. Newfoundland & Labrador is also forecast to see a sizeable decline in sales in 2017 (-11.7 per cent), continuing a softening trend stretching back 10 years. Smaller declines are forecast for Saskatchewan (-4.4 per cent), Ontario (-2.1 per cent) and Prince Edward Island (-5.3 per cent).

Alberta is forecast to have the largest increase in activity in 2017 (+10.2 per cent); however, this would still leave sales in the province below its 10-year average.

Elsewhere, sales activity is forecast this year to be little changed from last year’s levels in Manitoba (+0.3 per cent) and Nova Scotia (-0.4 per cent), while activity in Quebec and New Brunswick is projected to increase modestly (+3.6 and +1.9 per cent, respectively).

The national average price is forecast to rise by 7.4 per cent to $526,000 in 2017. Ontario is forecast to post the only large average price gain in 2017 (+16 per cent), which would nonetheless represent a moderation from where it is currently for the year-to-date.

Only Newfoundland and Labrador (-5.4 per cent) and Saskatchewan 24 YPNEXTHOME.CA

MORE TRENDING ONLINE ypnexthome.ca/news

(-1.6 per cent) are forecast to see average price declines in 2017, in line with historically elevated supply in those two provinces. Average price gains are forecast to be around the two- to three-per-cent range in most other provinces in 2017.

In 2018, sales are forecasted at 523,200 units, a decline of 0.8 per cent compared to the 2017 forecast. Most of the annual decline is expected to result from fewer sales in BC and Ontario following expected interest rate increases later in the year.

The national average resale home price is forecast to rise by 1.8 per cent to $535,400 in 2018, with an expected gain of about five per cent in Ontario balancing a decline of almost four per cent in BC. The forecast increase in Ontario reflects an expected calming of home-buying sentiment and modest rebound in sales in the Greater Golden Horseshoe region. The expected decline in average price for BC is also in part compositional, with Vancouver sales as a share of provincial activity likely to decline as mortgage interest rates rise.

Saskatchewan and Newfoundland and Labrador are projected to see small average price declines in 2018, with home price increases elsewhere forecast to more or less track overall consumer price inflation in 2018.

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JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 25

Advice | NEWS & VIEWS

Go ahead, make your move

By Lydia McNutt

MORE ADVICE ONLINE ypnexthome.ca/news/advice

MOVING IS A BITTER-SWEET

milestone that can stir up a storm of emotions. For me, among the excitement and anticipation was frustration.

I’ll admit that I haven’t changed homes very many times in my life. I can count my moves on one hand – the most recent one involving a new town, a toddler, two cats, a dog and the kitchen sink. After going through the process of packing, clearing and cleaning a whole house worth of stuff – or “junk,” as my husband affectionately calls it – I can honestly say that moving has officially earned top spot on my list of “most-hatedthings-to-do.”

Don’t get me wrong. I love the idea of a new home, a fresh start and a clean slate. It’s the physical move that doesn’t agree with me.

The fact that we opted for a doit-yourself move didn’t help matters.

Further complicating things, my home sale and purchase closed on the same day. Between running to my lawyer’s office, renting vans – yes, plural – packing up the last of our stuff, moving out and moving in, it was a hectic day to say the least.

Sure, a do-it-yourself move gives you some control – of your stuff, your timing and the costs. That is, unless you’ve made some errors in judgment, in which case, all that goes out the window.

You’ve “eyeballed” your house and its contents, and you’ve chosen a truck that should be big enough.

But half-way through loading it, 26 YPNEXTHOME.CA

you realize you’ve only packed a quarter of your belongings. Change of plans. Now your options include renting a second truck, making 20 trips to Mom and Dad’s place with your compact car filled to the brim, or getting rid of a lot of stuff. It’s not a decision you want to make at the last minute. That’s when it hits you – you’re not prepared.

In this scenario, a professional moving company is worth every penny.

Many movers offer services far beyond just loading boxes and driving them across town. Movers can help you plan your whole move, pack, and even unpack your items.

They will assess the size of truck you’ll need, the amount of packing materials and what type, and they know how to handle awkward and heavy pieces that might otherwise leave you scratching your head.

Professional movers know to expect the unexpected, ensuring you’re not stuck at crunch time.

When you’re shopping for a moving company, don’t expect to find one at the last minute – especially if you’re moving during the summertime, as many Canadians also are. Do your research and hire a reputable company well in advance, to ensure their availability.

The Canadian Association of Movers offers some tips when shopping for a moving company: » Find reputable movers through the Canadian Association of Movers. » Check with the Better Business Bureau (BBB), and/or your provincial government’s consumer protection agency. » Ask three movers for estimates in writing. » Get the terms and conditions of your move in writing. » Ensure you know how your goods will be protected for loss or damage.

The next time I move – which won’t be for a very, very long time – I will seriously consider hiring a professional mover to literally shoulder some of the burden.

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 YP NextHome, where real estate rules.

Email Lydia.McNutt@ypnexthome.ca, and follow her on Twitter @LydiasTweets

COMING THIS SPRING THE FINAL PHASE OF THE ICONIC RIVER CITY COMMUNITY River City is unlike anything else in Toronto. Don’t miss out on the last phase of Saucier + Perrotte’s design masterpiece in the new West Don Lands neighbourhood.

REGISTER NOW

rivercitytoronto.com • 416.862.0505 Rendering is artist concept only. Prices and specifications subject to change without notice. See sales representative for details. E. & O.E. JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 27

Trending

The pros and cons of an Airbnb investment property

By Sonia Bell

HOME-SHARING sites such as Airbnb,

VRBO and HomeAway have emerged as popular options for investors and homeowners who wish to rent out their units on a short-term basis.

While these sites are viable options for renters, they are becoming increasingly contentious.

Some argue that short-term rental sites put more pressure on cities such as Toronto, as much-needed rental housing is coming off the market in favour of a short-term rental strategy. Concerns around safety have also been called into question, and hoteliers argue that Airbnb rentals function as quasi-hotels, but aren’t upheld to the same rules and regulations. The legalities surrounding short-term rentals are complex, and cities are making efforts to examine their implications and how to regulate them.

YP NextHome caught up with Kelly Hewitt, a former Airbnb host and founder of 201 Management, a company that manages Airbnb properties on behalf of hosts. Do the benefits of having a short-term rental investment property outweigh the costs and risks? Here’s the scoop on short-term rental properties. You be the judge!

THE PROS: • Flexibility: Short-term rentals allow owners to inhabit their space as needed.

• More lucrative: According to Hewitt, “You can double traditional rent…. I was making $4,000 a month on my condo and it was almost guaranteed that I’d always have someone in there.”

• Reviews: Hosts can gauge the credibility of guests based on their online reviews.

28 YPNEXTHOME.CA

MORE TRENDING ONLINE ypnexthome.ca/news

• Host Guarantee: Airbnb’s Host Guarantee provides protection for up to $1,000,000 in damage.

• Less wear and tear: “Airbnb is much easier on your apartment. The guests are usually tourists or business people who generally just sleep there,” says Hewitt.

• No renters’ rights: “You don’t need to worry about renters’ rights,” says Hewitt.

“If you don’t like the person staying in your unit, you can kick them out easily, without having to go through an eviction process.”

THE CONS: • Changing regulations: “Nothing is set in stone and you don’t know how the regulations on short-term rentals will change,” says Hewitt.

• Time consuming: Using Airbnb is more time-consuming than having a fulltime renter. According to Hewitt, Airbnb hosts “are often on call 24/7.”

• High tenant turnover: The average stay in Toronto, for example, is 4.8 nights, according to Airbnb. Therefore, units must be cleaned and prepped for new guests often.

• Costs: You must budget for cleaning costs. And at tax time, hosts must report their short-term rental income.

• Airbnb rentals can get shut down: “Things can go wrong with an Airbnb property and it’s easy to get shut down – especially in a condo. One of my guests had a party and we had to shut down our Airbnb. We had to get a regular tenant after that,” says Hewitt.

SALES OFFICE

NOW OPEN

Location. Style.

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Something is happening along The Queensway. A new urban experience is coming with a redesigned pedestrian environment and exciting new retailers and restaurants, all next to beautiful tree lined streets and perfectly located between downtown and the city’s western suburbs.

And at the heart of it all will be a decidedly urban and sophisticated development - Queensway Park.

Named after the park that borders it to the north, Queensway Park brings Urban Capital and Rosewater’s signature downtown style, “designed for living” features and commitment to good development to the new Queensway Village.

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queenswaypark.ca Sales Office: 760 The Queensway, Toronto, ON M8Z 1N3 416.251.3000 • info@queenswaypark.ca

EXCLUSIVE BROKER Renderings are an artist’s impression. Prices and specifications subject to change without notice E. & O.E.

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 29

Property Profile | BIANCA

BIANCA DEFINES LUXURY ON THE NEW DUPONT Tridel’s newest condo introduces distinctive architecture and terrace living to the Annex THE ANNEX IS ONE OF TORONTO’S

oldest and most charismatic neighbourhoods, endearingly known for its industrial roots, eclectic eats and rich cultural scene. The northern border along Dupont Street is about to undergo a new and exciting transformation all its own and has been dubbed “The New Dupont,” the city’s newest urban destination for arts, culture, food and entertainment.

First to arrive on The New Dupont 30 YPNEXTHOME.CA

is Tridel’s latest luxury boutique condominium called Bianca. Located on Dupont, west of Spadina at Howland Avenue, Bianca will bring renewed poise to this coveted Annex corridor.

Designed by Teeple Architects, the nine-storey Bianca boasts a distinctive white façade and gently sloping exterior that will undoubtedly make a statement along this rejuvenated downtown stretch. Expansive terraces

and balconies – the hallmark of Bianca’s architectural design – invite residents to the outdoors and offer a private space for personal leisure or to entertain guests in style.

“Bianca is truly one of a kind, with spacious suites and architecture that’s second to none,” says Jim Ritchie, executive vice-president of sales and marketing at Tridel. “It offers a unique opportunity to live in a luxury home in the coveted Annex neighbourhood

Location

The Annex, Toronto Builder

Tridel Development

Bianca Home Type

A variety of layouts, including two- and threebedroom plans, many with the option of a den and offers residents bountiful entertaining or gardening space outside on the terraces, which are an amazing extension of the interior living spaces.”

Bianca offers suite collections in a variety of layouts, including two- and three-bedroom plans, many with the option of a den. With views of Casa Loma to the northeast and the downtown skyline to the south, each of the collections will appeal to a variety of purchasers.

For those looking for the utmost in luxury, look no further than Bianca’s Annex and Terrace collections. With select suites ranging up to 2,482 sq. ft. and featuring gorgeous southfacing views of downtown Toronto and some of the largest terraces in the building, it’s no wonder that these exclusive suites are capturing everyone’s attention. Suites are priced from $1.2 million.

The stunningly rich interiors and sophisticated, urban amenity areas have been artfully crafted by the award-winning designers at II by IV Design. Bianca will boast a stunning rooftop terrace with panoramic views of downtown, complete with an outdoor pool, cabanas, barbecues and an outdoor fireplace lounge.

Indoors, Bianca has an inviting twostorey lobby with fireplace lounge, a state-of- the-art fitness centre with yoga and stretching studio, and is also home to multi-function entertainment spaces including a party lounge and bar, and an elegant private dining room.

Residents at Bianca will enjoy a wealth of amenities in the surrounding neighbourhood that’s home to a variety of local shops, trendy restaurants and community green spaces. Just minutes from home, residents will have convenient

Sales Centre

4800 Dufferin Street (Entrance B) Contact

tridel.com or 416.649.2328

access to the Dupont and Spadina TTC subway stations, as well as a number of schools and fitness facilities.

“We couldn’t be more pleased that Bianca is leading the residential transformation of the New Dupont and setting a new standard for lifestyle and luxury in this vibrant neighbourhood,” says Ritchie.

Visit the presentation centre at 4800 Dufferin Street (Entrance B) Monday to Friday from 11 a.m. to 7 p.m.; or weekends from noon to 6 p.m. For more information go to tridel.com or call 416.649.2328.

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 31

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Advice | CONDO PRO

Big ideas on downsizing

By Barbara Lawlor

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THE POPULARITY OF CONDOMINIUMS

as a lifestyle choice has brought about a fascinating trend.

Condo buyers who are moving from large homes with many rooms are learning to adapt to today’s gorgeous, open-concept suite designs. Even many first-time buyers are moving from their parents’ home, where they had their own room among many. The move to a condo takes some adjusting, and a little planning ahead goes a long way in ensuring a comfortable transition.

The beauty of modern condos is the open-concept living/dining area, which often includes the kitchen and perhaps even a den.

When your living and dining spaces are not separated by walls, use area rugs to define different areas and their functions.

Some open-concept layouts feature a linear kitchen with just an island separating it from the living/ dining room. Builders are doing wonderful things with furniture-style cabinetry that blends in with the look of the living area. These open areas accommodate the way people live today, which is less formal than previous generations. Young people in particular are just as happy eating dinner at a breakfast bar and watching television on their laptops. They pass on the big and bulky sofa in favour of a couple of comfy chairs, a love seat and an ottoman.

If you’re moving from a traditional house, you’ll need to consider what type and how much furniture you’ll have space for. This is a great time to 32 YPNEXTHOME.CA

take a serious look at your stuff, and weed out what you don’t really need or want. Pay attention to your floor plan and compare it to some of the rooms in your current home. Visualize what will fit into your new, smaller space without crowding it, then pare down accordingly.

When shopping, keep an eye open for multi-purpose furniture. You will find a fabulous selection of items including the Murphy bed, or wall bed, which has come a long way since the days of I Love Lucy. Modern units come in many configurations, including some that are integrated into modular cabinetry with storage, wardrobes and even desks.

Take a good look at day beds, too, which can transform a den into a bedroom when you have overnight guests. There is a terrific variety of style available that will fit just about any décor scheme. You might even consider a trundle bed, which encompasses a smaller bed on casters or rollers that can slide under a larger bed during the daytime.

When you’re planning your move, consider things like exercise

and office equipment. Your condo building most likely has a fitness facility, which eliminates the need for you to have exercise machines in your suite. And speaking of amenities, party and games rooms offer great spaces for entertaining, which means you don’t need a lot of seating and games tables. And the current trend toward the paperless office means you won’t have to find space for cumbersome filing cabinets.

Design innovation has made modern condo suites live enormously larger than their square feet dictate.

When you move from a large home to a more compact condominium suite, it’s a win-win situation. You live in spectacular surroundings that are light and airy, and downsizing your possessions offers a terrific feeling of freedom.

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

Keep current with The Baker Blog at blog.bakerrealestate.com

COMING SOON.

Advice | FUNDAMENTALLY SPEAKING

Buying your first home?

Four tips to help guide your decision lawyer fees, land transfer taxes, utilities, insurance, and home inspection and appraisal fees and insurance. All of these costs add up, and ultimately should factor into your overall home-shopping budget.

By Wayne Karl

MORE ADVICE ONLINE ypnexthome.ca/news/advice

3. Where do you want to live?

This question is becoming more important for a number of reasons, though influenced primarily by where you work, how much of a commute you want and whether your transportation options include mass transit or only driving. Indeed, proximity to mass transit is something more and more people are looking for in their new home location. It may not be as simple as choosing to live in the city, suburbs or a small town.

WHEN YOU’RE BUYING YOUR FIRST

home, you are sure to be filled with many important questions. How much can you afford? How much will it cost? Where do you really want to live, and can you afford the area? And, finally, what type of home do you want? The answers are very individual and depend on your situation – from the amount of your down payment, to where you work, to whether you have kids, to other personal circumstances.

For your enjoyment while you live in your home, as well as for future resale potential, proximity to transportation, shopping, schools and other amenities is among the key determinants that affect your property’s appeal, and ultimately its value. After all, those are the qualities potential buyers look for when searching for a home; the more of them your home has when you go to sell, the more attractive it will be to a greater number of people.

While experts suggest you take a long-term view when buying a home, it’s also important to not look too far down the road.

Let’s be honest, your first home may not be your dream home, and your needs and desires are sure to change throughout the various stages of home ownership. While the answers to the above questions are specific to circumstances, there are also some common guidelines you can follow.

1. How much can you afford?

Experts agree it is never a good idea to make yourself housepoor, and it is a very common mistake, particularly of first-time buyers, to buy more home than they can really afford. Meeting with a mortgage broker or your banker will help determine your full financial picture, assessing everything from your credit rating to how much you have saved for a down payment. Experts also suggest you “stress-test” your plan to see how well you could cope with higher mortgage payments brought on by rising interest rates.

2. How much will it really cost?

Another common homebuyer mistake is not being prepared for all the closing costs involved:

4. What type of home do you want?

Once you have determined your options for cost and location, you can then assess what types of homes are available in your price range and desired neighbourhood: Single-family detached, semidetached, townhome, duplex or condo?

So many questions, so many choices.

The good news is, home builders today are in sync with customer preferences for location and amenities, and with market realities with regard to pricing and needs for energy efficiency. Your options for new-home product have never been better.

Wayne Karl is an award-winning writer and editor with experience in real estate and business. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at twitter.com/WayneKarl.

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 33

JUNE 2017

Lindwest has been featured as “Model Suite of the Month” as seen in the New Condo Guide model suite calendar

Model suite photo compliments of Adi Development Group | adidevelopments.com

SuperSonic, kitchen rendering, Eglinton and Don Mills, Toronto.

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Model suite photo compliments of Adi Development Group | adidevelopments.com

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JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 37

Trending

Big Brother cracks down on tax cheats in real estate TAX CHEATS, BEWARE: the Government of Canada has taken significant steps to address tax cheating in real estate transactions.

With the recent rise in real estate speculation throughout Toronto and Vancouver, the Canada Revenue Agency (CRA) has increased its real estate audits in these hot housing markets. In addition, starting with the 2016 tax year, the Government of Canada requires that Canadians report to the CRA the sale of any principal residence, to ensure that only eligible homeowners get tax benefits.

From April 2015 to March 2017, the CRA audits of real estate transactions resulted in more than $329.4 million in assessed income that had not been reported. During this time, the CRA applied over $17 million in penalties, primarily associated with Canada’s two major real estate markets in Toronto and Vancouver.

“For many Canadians, buying a home is one of their proudest moments and represents one of their most important investments.

Our Government has committed to protecting the fairness and integrity of the tax system for all Canadians, notably by cracking down on tax cheating in real estate transactions.

This means that, without exception, every taxpayer abides by the same tax laws,” says The Honourable Diane Lebouthillier, Minister of National Revenue.

Canadians work hard for their money and the Government of Canada recognizes that many families count their principal residence as both their home and most valued asset. The CRA will continue to strengthen relationships with key partners such as provinces, territories, and municipalities to further 38 YPNEXTHOME.CA

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expand, obtain, and exchange information on real estate transactions, thereby enhancing the CRA’s ability to combat tax evasion and avoidance.

Fast Facts » On Oct. 3, 2016, the Government announced an administrative change to the Canada Revenue Agency’s reporting requirements for the sale of a principal residence. » Builders of new residences or rental properties are required to collect and remit the GST/HST to the CRA when they sell, rent out for the first time, or appropriate the property for personal use. Additionally, purchasers of new residences must ensure they abide by the rules when applying for new housing rebates. » From April 2015 to March 2017, the CRA completed more than 21,000 files related to real estate. Files are selected for audit based on the risk of non-compliance. The CRA plans to continue enhancing its compliance procedures in the real estate sector.

THeory CONDOMINIUMS

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Smart Investing.

Put Theory Into Practice.

U r b a n L i v i n g at t h e H e a r t o f U o f T COMING SOON Condominium Suites at College and St. George From the Low $500s

A smart investment comes to College Street and St. George beside the bustling University of Toronto Downtown Campus. Surrounded by Toronto’s dazzling amenities, with transportation, shopping, dining and entertainment just steps away, this trend-setting building has views that go on forever! Theory Condominiums.

A smarter investment.

Register Now. TheoryCondos.com All prices, are subject to change without notice. E.&O.E. All illustrations are artist’s concept only.

39

Property Profile | THEORY CONDOMINIUMS

Parallax WILL PROVE THE THEORY OF SMART LIVING

PARALLAX Development Corporation

and Westdale Properties have recently opened registrations for Theory Condominiums at College and St. George, in the heart of the bustling University of Toronto downtown campus. Theory is designed for the unique needs of students and people working in the downtown core.

Easy access to public transportation, shopping, dining and entertainment surround the location.

Designed by Page + Steele/IBI Group Architects, the building is comprised of 30 storeys that will rise majestically over the downtown Toronto horizon. The suite mix includes one-bedroom, onebedroom-plus-den, two-bedroom and three-bedroom options.

The development team has taken great pains to ensure that the building’s amenity package will appeal to a young, hip demographic. A stateof-the-art fitness centre, WiFi lounge and study, a games lounge, a multi-

Location

College Street at St. George, downtown Toronto Builder

Parallax Development Corporation Development

Theory Condominiums Home Type

one-, one-plus-den, two- and three-bedroom condominium suites Contact

theorycondos.com

40 YPNEXTHOME.CA

media lounge, a designer party room with dining room and full kitchen, and an outdoor terrace with barbecues, sunning deck and tranquility deck will fit the bill perfectly. Add to this the security and convenience of a front desk concierge, high-speed bulk Internet, extensive bicycle storage, storage lockers for courier/package delivery and a Starbucks located on the ground floor, and you have downtown Toronto’s perfect address!

The second-floor WiFi innovation lounge and study has been thoughtfully designed for students. The space will encourage collaboration through the use of communal workspace and break out study rooms complemented with monitors for presentations, and a print/scan/copy centre for the ultimate in convenience. The adjacent

games lounge offers streaming, gaming and karaoke.

The renowned team at U31 has designed and selected finishing features for Theory that represents the ultimate in style and quality. The suites include features that will tickle the fancy of any discriminating buyer.

Smooth nine-ft. ceilings throughout, high flat-profile baseboards and quality laminate flooring creates a sense of contemporary style.

Bathrooms are beautifully finished to reflect the ultimate in pampering, while designer kitchens feature custom cabinetry, solid surface countertops, optional central islands and a contemporary collection of integrated or stainless steel appliances.

Theory’s location on College Street at St. George is right in the heart of U

of T. With a price point starting in the low $500’s, it’s a great investment for now and the future. Parents can buy a unit for their child while they attend school, and be assured that their child is living in a prestigious environment that’s both safe and very convenient to class. It’s also a terrific investment for future rental to students.

Presently, Theory Condos is accepting registrations for priority viewing, in anticipation of sales kicking off this summer. To be included on the VIP Preview Invitation list, register online by visiting theorycondos.com. Given the outstanding and rare opportunity to buy a condo on the U of T campus, Theory is expected to sell out quickly.

Don’t be disappointed!

Register today theorycondos.com JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 41

Trending

Province unveils new urban greenspace to celebrate Ontario’s 150th Anniversary FOR THE FIRST TIME in more than

40 years, Ontario residents and visitors can enjoy a spectacular part of Toronto’s waterfront at Ontario Place’s newly opened park and trail.

Premier Kathleen Wynne and Eleanor McMahon, Minister of Tourism, Culture and Sport, were at Ontario Place recently to unveil the new Trillium Park and William G. Davis Trail, and officially open them to the public. The opening is the first milestone in the province’s plan to transform the iconic landmark into a vibrant, year-round destination for people of all ages.

As progress on Ontario Place continues, the site will be at the centre of the action as the province celebrates Ontario’s 150th anniversary, a year-long celebration that aims to honour Ontario’s past, showcase the present and inspire future generations.

“More than 45 years ago, Ontario Place opened as a testament to our province’s potential. Beyond realizing this potential, we have continued to expand it — welcoming new people and building on new ideas,” said Premier Wynne. “Our vision for a transformed Ontario Place honours our history, our people and our landscape. I am so pleased that a new generation can begin to build memories here.”

To create the new Trillium Park, a seven-and-a-half acre parking lot was converted into green space using ideas from people across Ontario. The new site features an open-air pavilion inspired by evergreen forests and Ontario Place’s unique design, as well as open spaces to host art fairs, film festivals, yoga classes, school groups and food vendors.

42 YPNEXTHOME.CA

Fast facts • Key design elements reflect the site’s Indigenous heritage, which is located on the traditional territory of the Mississaugas of the New Credit First Nation.

• A continuous route of more than 2,000 kilometres in Ontario, the Trans Canada Trail includes the Martin Goodman Trail and the Pan Am Path.

• In celebration of Ontario’s 150th anniversary, Ontario Place is hosting a themed event every long weekend this summer.

• Every year, Ontario’s festivals and events attract tourists, support tens of thousands of jobs and generate millions of dollars in revenue.

The William G. Davis Trail, named for Ontario’s Premier at the time of Ontario Place’s opening in 1971, is a 1.3 kilometre-long trail that connects the new park to the Trans Canada Trail. Other highlights of the park include: • The Ravine with Moccasin Identifier: Developed in collaboration with the Mississaugas of the New Credit First Nation, a moccasin etching in this gateway to the park provides a visual reminder to celebrate and honour the history and culture of Indigenous peoples • The Bluff: Stacked boulders and rocks from a Muskoka quarry are located along the trail, symbolizing the prehistoric Lake Iroquois shoreline.

MORE TRENDING ONLINE ypnexthome.ca/news

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 43

Trending

The next big thing: Why high-density developments are dominating the GTA

By Lydia McNutt

SINGLE-DETACHED HOUSES in the 416 are getting hard to come by – equally in terms of affordability and supply. This new reality has given rise to different forms of high-density housing, which the Canadian Home Builders’ Association refers to as “missing middle” housing. Indeed, this is fairly new to the Greater Toronto Area, but it’s long been a way of life in other densely populated and pricey cities around the globe.

We chatted with Frances MartinDiGiuseppe, architect and principal at Q4 Architects, about the GTA’s hot housing market, the issues homebuyers face, and potential solutions.

Q: Why has the GTA not explored different forms of high-density development, or “missing middle” housing, in the past?

A:

Developers haven’t had to.

“Missing middle” housing, like stacked townhouses, are more complicated and expensive to build per square foot. Therefore, these types of homes 44 YPNEXTHOME.CA

Q: Some have attributed the high

price of homes to Toronto’s lack of developable land. What’s your take?

A:

Toronto might have a lack of green fields to be developed, but there isn’t a lack of developable land. We need to be creative in our thinking, and develop around “unfriendly” spaces like empty parking lots, deteriorating city spaces and old strip malls. We can add “missing middle” housing and build in these spaces.

One way to do this is to move parking underground, where it belongs, and add townhomes on top and flats above existing retail, in order to create more activated public spaces.

Q:

Can Toronto’s existing infrastructure handle the population increase that accompanies this type of housing?

A: If we want to be a great city, we have to handle additional density and “think big.” Toronto needs to become more walkable and bikable to eliminate street traffic. We don’t need additional parking spots, but what we would benefit from is improved transit.

Q:

From an architect’s perspective, how do you design this type of high-density housing without risking overcrowding in key areas?

A: As a growing city, Toronto must find ways to design this type of high-density housing at appropriate, non-overwhelming densities. One principle to consider is building scale

ILLUSTRATION BY LUKE PAUW IN COLLABORATION WITH Q4 ARCHITECTS

Frances Martin-DiGiuseppe Q4 Architects

weren’t seen as desirable in the marketplace – until recently.

Due to the increased cost of single-detached homes, new forms of high-density development are changing the conversation.

And, with a second mini baby boom underway, we need to examine new forms of high-density development like stacked back-toback townhomes, laneway houses and small mixed-use main-street buildings that will help provide entrylevel housing for young families.

In order for this to happen, new thinking needs to take place at the municipal level to support these concepts that have been widely rejected in the past.

ILLUSTRATION BY LUKE PAUW IN COLLABORATION WITH Q4 ARCHITECTS

so that the ratio between the width of the street is proportionate to the building height.

We also need to build more small, public common spaces like parks and squares that foster communities and give people space to sit, talk and play.

It is important to design respectfully and think about the dignity of having a front door – particularly as we look to house young families in new ways.

Q: How do you expect existing

residents to respond to these new forms of housing within their communities?

A: Many are afraid of what they don’t know. There are often safety, traffic, noise and resale value concerns. However, there are

many studies to support that new development actually increases resale values in neighbourhoods as a result of transit additions and services for people to use.

Public consultations, with leadership from city councilors and mayors, are also really important.

These consultations allow people to voice their concerns while inviting them to give their input on what they want to see in their communities.

Q: High-density housing has made

its way to the suburbs. Are singledetached homes becoming a thing of the past?

A: Probably. Provincial legislation is pushing for increased density in outlying neighbourhoods of the GTA. Affordability of single-detached homes is increasingly a thing of the

past, and I suspect that this trend will continue. Toronto is a very desirable city and many people make the compromise of living in smaller homes in order to spend less time in their cars, avoid traffic and enjoy the many conveniences of living in and around the city.

Q:

What do you think Canadians can learn from cities where highdensity housing is the norm?

A: I travel extensively, and last year I visited Denmark, Sweden and Norway where four- to six-storey newly constructed buildings are common. If Canadians can learn how to do these smaller buildings well, we can really cater to young families by creating and transforming neighbourhoods into much more vibrant and safe communities.

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 45

Top list

CANADIAN HOME SALES TAKE A HIT: CREA HOME SALES ACROSS CANADA COOLED DOWN IN MAY, according to statistics

recently released by The Canadian Real Estate Association (CREA).

The number of homes trading hands fell by 6.2 per cent in May 2017 compared to April. The month-over-month percentage decline was the largest since August 2012.

While May sales were down from the previous month in about half of all local markets, the sizeable national decline largely reflects a 25.3-per-cent month-over-month drop in the GTA. Activity was also down significantly from the previous month among other housing markets across the Greater Golden Horseshoe region, including Oakville-Milton, Hamilton-Burlington and Barrie.

By contrast, activity rose to multi-year highs in Montreal and Quebec City.

Actual (not seasonally adjusted) activity was down 1.6 per cent on a yearover-year basis in May, with year-over-year gains in about 60 per cent of all local housing markets offset by the sharp drop in the GTA (20.8 per cent yearover-year). Calgary, Edmonton, Ottawa and Montreal were among a number of urban centres where May sales surpassed year-ago levels.

46 YPNEXTHOME.CA

“Recent changes to housing policy in Ontario have quickly caused sales and listings to become more balanced in the GTA,” says CREA President Andrew Peck. “Meanwhile, the balance between supply and demand in Vancouver is tightening up, while many places elsewhere in Canada remain amply supplied.”

Gregory Klump, CREA’s chief economist, points out that this is the first full month of results, following the announcement of Ontario’s Fair Housing Plan. “They provide clear evidence that the changes have resulted in more balanced housing

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CONDO prices UP 20.5%, the largest year over-year gain

MORE TRENDING ONLINE ypnexthome.ca/news

TOWNHOMES prices UP 19.3% TWO-STOREY SINGLE-FAMILY prices UP 18.4% ONE-STOREY SINGLE-FAMILY prices UP 14.5%

markets throughout the Greater Golden Horseshoe region,” adds. “For housing markets in the region, May sales activity was down most in the GTA and Oakville. This suggests the changes have squelched speculative home purchases.”

The number of newly listed homes edged up a further 0.3 per cent in May following April’s jump of almost 10 per cent. New listings in May remained high in and around the GTA; however, the York Region of the GTA posted the largest monthover-month decline in new supply.

Similar percentage declines were also evident for new listings in OakvilleMilton and Barrie.

BACK IN BALANCE With sales down considerably in May, the national sales-to-new listings ratio moved out of sellers’ territory and back into balanced market territory for the first time since late 2015. The ratio stood at 56.3 per cent in May 2017, down from 60.2 per cent in April and the high-60 per cent range over the first three months of this year.

A sales-to-new listings ratio between 40 and 60 is generally consistent with balanced housing market conditions, with readings below and above this range indicating buyers’ and sellers’ markets respectively.

The ratio was above 60 per cent in more than half of all local housing markets in May, the majority of which are located in British Columbia and southwestern Ontario. The ratio is above 70 per cent for Greater Vancouver and the Fraser Valley and above 60 per cent for Montreal. By contrast, the ratio softened sharply in 48 YPNEXTHOME.CA

the GTA, closing out the month at 41 per cent.

The number of months of inventory is another measure of the balance between housing supply and demand, representing how long it would take to liquidate current inventories at the current rate of sales.

There were 4.7 months of inventory on a national basis at the end of May 2017, up from 4.3 months in April and 4.1 months in March. This returns the measure to where it was for much of 2016.

With a surge in new listings and declining sales in some markets within the Greater Golden Horseshoe, the number of months of inventory in the region is up from recent all-time lows. However, housing markets here remain among the tightest in Canada, with most urban centres in the region still registering less than two months of inventory.

ON THE MONEY The Aggregate Composite MLS HPI rose by 17.9 per cent year-overyear in May 2017 compared to 19.8 per cent in April. Price gains slowed sharply for single-family homes.

While benchmark home prices were up from year-ago levels in 11 of 13 housing markets tracked by the MLS HPI, price trends continued to vary widely by location.

REGIONAL REPORTS After having dipped in the second half of last year, home prices in the Lower Mainland of British Columbia have been recovering and have either reached new heights or are trending toward them. Meanwhile, year-overyear benchmark home price increases remained in the 20-per-cent range in

Victoria and elsewhere on Vancouver Island.

Price gains slowed on a year-overyear basis in Greater Toronto and particularly in Oakville-Milton, but remain well above year-ago levels.

Price growth remained in the mid-20 per cent on a year-over-year basis in Guelph.

Calgary and Regina traded places in May, with Calgary prices having posted the first year-over-year gain of 0.2 per cent in almost two years, and Regina prices having moved into negative territory (-1.7%) for the first time since January 2016.

Benchmark home prices rose by more than the rate of overall consumer price inflation in Ottawa, Greater Montreal and Greater Moncton.

The MLS Home Price Index (MLS HPI) provides the best way of gauging price trends because average price trends are prone to being strongly distorted by changes in the mix of sales activity from one month to the next.

The actual (not seasonally adjusted) national average price for homes sold in May 2017 was $530,304, up 4.3 per cent from where it stood one year earlier.

Exclud ing To ronto and Va ncouv er from the ca lculat ion trim more s than $ 1 30,00 from t 0 he nat ional averag e hom e price to $39 , 8,546 !

The national average price continues to be pulled upward by sales activity in Greater Vancouver and Greater Toronto, which are two of Canada’s most active and expensive housing markets.

E

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JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 49

Neighbourhood Neighbourhood Profile Profile

Durand

By Christine Ottoni

MORE PHOTOS ONLINE nexthome.yp.ca/Durand

neighbourhood in Hamilton, home to the city’s major businesses and City Hall. With a range of housing options, including condos and heritage homes, Durand residents enjoy all the conveniences of downtown living, with the historic charm that Hamilton is becoming known for.

to be. Durand is a downtown neighbourhood, with multi-level office buildings, apartments and condos in the north end, and townhouses, heritage homes and detached houses in the south.

Durand is a city neighbourhood, with lots of downtown action including restaurants, bars and shops.

The vibe Durand is an eclectic community, where old meets new. If you’re looking for city living with some rustic charm, this is the place

Meet the neighbours Durand is home to some 12,000 people. It’s known for its mix of families, professionals and older residents. Housing is affordable in

DURAND IS A DOWNTOWN

50 YPNEXTHOME.CA

the downtown area, and homebuyers have lots of options to choose from, from condos to heritage homes.

In the area Durand is known for its historic homes, heritage sites, shops and restaurants. The neighbourhood is most unique in the beautiful, historic buildings it offers. The Whitehern Historic Site is a striking heritage home, centrally located with entertainment and education for the whole family. Secondary school students attend York Mills and Don Mills Collegiates.

When it comes to housing, Durand has all the benefits of living downtown with a lower price point Hot Spots

Street corner

“The Conservatory for the Arts has some really great summer camps that I send my children to frequently as they’re very affordable and fun for the whole family to enjoy.”

–Madeline, mother “Lots of people come to visit and enjoy the gardens at Whitehern.”

–Carley, gardener “The gardens outside of City Hall are a great spot for a summer lunch break.”

–Adam, professional

Planes, trains & automobiles Durand is very accessible, giving residents great ease of travel. The neighbourhood is fully serviced by the Hamilton bus system, and residents also enjoy easy access to the QEW via Main Street West. The Hamilton GO Transit station is just outside of the neighbourhood’s borders, east of James Street South.

Real estate Durand offers detached homes and higher-end condos in the $400,000 to $600,000 price range.

While it is more expensive than most other residential neighbourhoods in Hamilton, it provides a great alternative to the sky-high prices of downtown Toronto. Durand has all the benefits of living downtown with a lower price point.

The Canadian Football Hall of Fame When visiting Durand, one must check out the Canadian Football Hall of Fame. This awesome location features tons of memorabilia and pays tribute to the history of football in Canada.

Hamilton Conservatory for the Arts Students can enjoy a variety of Arts programming including Dance, Music, Theatre and Visual Arts. The conservatory also offers a range of awesome summer classes that are affordable and fun.

Steve’s Open Kitchen Steve’s Open Kitchen serves classic diner comfort food at a great price.

Steve’s is the local option for many downtown residents of Hamilton and for many it has become a weekly haunt.

Whitehern Historical Site The Whitehern Historic Site is an utterly beautiful heritage home that is centrally located in Durand and features a long list of entertainment and education programs and offerings available for the whole family.

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 51

Trending

Hesitant homebuyers, you’re on the clock:

Now may be your time to buy

By Wayne Karl

THE TORONTO REAL ESTATE BOARD’S

latest stats didn’t do much to calm the nerves of hesitant homebuyers.

Surging listings and double-digit sales declines will do that.

But, prospective purchasers, this may be the perfect window of opportunity for you to be out there looking for your next home.

“Get out and buy,” Christopher Alexander, regional director, ReMax Atlantic Canada, told YP NextHome.

“You have a lot more to choose from.

You don’t have as much competition and you can make a more thoughtful decision when it comes to purchasing.”

At least until the end of July. But let’s come back to that.

52 YPNEXTHOME.CA

TREB announced on June 5 that sales in the GTA fell 20.3 per cent in May 2017, compared to the same month last year. Sales of detached homes were down by 26.3 per cent; condos were down 6.4 per cent.

The supply of listings was up strongly over the same period. Active listings – the number of properties available for sale – at the end of May were up by 42.9 per cent compared to the record low a year earlier.

“Homebuyers definitely benefited from a better supplied market in May, both in comparison to the same time last year and to the first four months of 2017,” says TREB President Larry Cerqua Even though active listings showed a robust increase, inventory levels

remain low. “At the end of May, we had less than two months of inventory. This is why we continued to see very strong annual rates of price growth, albeit lower than the peak growth rates earlier this year,” says Cerqua.

The MLS HPI Composite Benchmark price was up by 29 per cent year-over-year in May. The average selling price for all home types combined for the TREB Market Area as a whole was up by 14.9 per cent to $863,910.

“The actual, or normalized, effect of the Ontario Fair Housing Plan remains to be seen,” adds Jason Mercer, TREB’s director of market analysis. “In the past, some housing

MORE TRENDING ONLINE ypnexthome.ca/news

May 2017 Year-Over-Year Per Cent Change in the MLS HPI COMPOSITE (ALL TYPES)

SINGLE-FAMILY DETACHED

SINGLE-FAMILY ATTACHED

TOWNHOUSE

APARTMENT

TREB TOTAL

28.98%

28.76%

26.23%

30.25%

31.85%

HALTON REGION

28.39%

28.10%

28.07%

30.01%

-

PEEL REGION

29.88%

28.85%

28.39%

32.49%

33.27%

CITY OF TORONTO

26.10%

24.82%

22.10%

27.05%

31.03%

YORK REGION

29.19%

30.17%

26.37%

18.87%

33.97%

DURHAM REGION

33.33%

32.75%

30.82%

39.21%

43.42%

ORANGEVILLE

34.91%

34.56%

36.05%

-

-

SOUTH SIMCOE COUNTY1

36.73%

36.85%

33.28%

-

Summary of Toronto MLS Sales and Average Price May 1-31, 2017 2017 SALES

2016

AVERAGE PRICE

NEW LISTINGS

SALES

AVERAGE PRICE

NEW LISTINGS

City of Toronto (416)

3,926

899,728

8,451

4,612

782,551

6,745

Rest of GTA (905)

6,270

841,483

17,386

8,178

734,927

10,611

GTA

10,196

863,910

25,837

12,790

752,100

17,356

policy changes have initially led to an overreaction on the part of homeowners and buyers, which later balanced out. The increase in active listings suggests that homeowners, after a protracted delay, are starting to react to the strong price growth we’ve experienced over the past year by listing their home for sale to take advantage of these equity gains.”

For buyers, this means choice.

“More inventory, meaning more choice and a more educated buyer,” says Alexander. “People have more caution right now after the Ontario Fair Housing Plan was announced; they don’t want to jump in and pay too high a price when there is a lot of

discussion around the government trying to cool the market. The activity we saw in Q1 was not sustainable – while things may have slowed a bit, there is still a lot of activity happening in the market, and it is still a very healthy market.”

While price growth in the GTA from May 2016 to May 2017 topped 14 per cent, with average prices surging from $752,100 to $863,910, the pause in sales may slow price gains to between six and 12 per cent. “Still healthy appreciation,” says Alexander.

As for the real effect of the Ontario Fair Housing Plan, Alexander says we may start to see it by end of July, after three months of market activity since the plan was unveiled. “I don’t think it

will have a significant impact overall, but it may hurt the speculators’ market more than anyone, which is what the tax was designed to do,” he says. “There may be pockets across the GTA where you will see these effects more drastically, but those are yet to be determined based on the regulations at this point.”

And for sellers?

Sellers need to understand there is still very healthy price appreciation in the market, depending on when you bought. “Most importantly, consult a professional to price your home appropriately, as it is not the same market as a couple months ago,” Alexander adds.

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 53

Trending

Contemporary architecture a shining example of modern living at Radiance townhomes Opening soon, Radiance townhomes in Innisfil

LAUNCHING FOR SALE THIS SUMMER,

Radiance is DIAM Developments’ shining new townhome community in Innisfil, just south of Barrie. A superb collection of bright and spacious modern designs by Toronto’s renowned onespace architecture will soon be available in this ideal location on 7th Line at Webster Boulevard, minutes from Lake Simcoe.

Radiance townhomes will offer deluxe designs ranging, from three to five bedrooms, from 1,539 to 2,205 sq. ft. Open-concept main living areas, large decks and optional rooftop sunshine terraces combined with innovative flex space on the ground floor make these townhomes truly stand out.

Prices start from the upper 54 YPNEXTHOME.CA

$400,000s, offering incredible value in a convenient location.

“Radiance is registering lots of interest locally, as well as from people residing in many areas of the GTA, and we are confident that our layouts will have broad appeal,” says Moninder Khudal, CEO and president of DIAM Developments. “We expect these homes will be purchased by first-time buyers, professionals, families and empty nesters looking for an modern take on townhome living.”

Radiance is less than a 15-minute drive to the South Barrie GO station, making commuting into Toronto easy. The location is also only slightly more than 10 minutes from Hwy. 400 for those traveling north or south by car and is close to beautiful parks,

schools, shops and restaurants, fitness and recreation, as well as Lake Simcoe’s attractive waterfront.

Anyone looking for the next hot residential destination in Innisfil is encouraged to register today.

Radiance promises a superb location, family-friendly designs, quality construction, top-of-the-line workmanship and attentive customer service.

DIAM has established its reputation as a superior builder of extraordinary luxury homes. The company’s goal is to bring the same quality to the condominium and townhome market.

For more information, visit radianceinnisfil.ca

We’ve freshened up the place.

Coming soon: GTA & Southwestern Ontario’s best source of real estate information.

Check out our new look in the upcoming issue!

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 55

Inspiration

Hockey Decorative Pillows $20 each bouclair.com

Celebrate

CANADA

We live in an amazing country, and this year Canada has a lot to celebrate, from its incredible cities to the most breathtaking landscapes. Whether you’re celebrating at home to or getting out to explore, there’s a lot of style that’s proudly Canadian. Here are our top picks for your home.

By Elisa Krovblit

Canada 150 Hardshell 360 Spinnger Luggage $150 walmart.ca

Absolut Vodka Canada 150 Limited Edition Bottle by Libs Elliott $28 absolut.com

56 YPNEXTHOME.CA

Niagara Vineyard, True North Campfire, Lake Louise Breeze and other scents of Canada captured in fragrant candles, 3 oz. mini tin $10 each chaptersindigo.ca

The Bear Chair Company White Pine Muskoka Chair $147 (delivered) lowes.ca

Mark Berens Muskoka Pine $4,850 artinteriors.ca

Vintage Flag Dog Bed $40 homesense.ca

JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 57

Top list

TORONTO’S TOP CULTURAL FESTIVALS THIS SUMMER

By José Gonzalez

TORONTO IS ONE OF THE MOST DIVERSE CITIES in the world, so it’s no surprise

Caribana

that its many cultural communities fill the summer with special festivals. It’s the perfect chance to travel the world without leaving the city, because each of these festivals offers authentic sights, sounds and flavours (the food, the glorious food!) from their respective cultures. Here are Toronto’s top cultural festivals this summer.

This fest is one of the brightest celebrations in the city, with a number of events that let you party like you’re in the Caribbean. The everpopular parade returns, alongside a competition to find the king and queen of Caribana. There are nightlife events for those looking for a dance party, and family-friendly events, including live music and a carnival village.

When: July 5 to August 7 Admission: Varies by event Where: Various locations

Taste of Asia A festival to celebrate the many Asian communities within Toronto, this is one of the largest festivals of its kind in the country. This year Cambodia is the featured country, with a royal palace pavilion you can explore, and its many foods and entertainment.

When: June 23 to 25 Admission: Free Where: Kennedy Road, just North of Steeles Avenue East 58 YPNEXTHOME.CA

of African music in North America, it certainly backs up the claim with two days of music at one of the city’s largest outdoor venues.

When: July 8 and 9 Admission: Free Where: Woodbine Park

Salsa in Toronto

Cultura Festival Toronto’s many cultural communities share the spotlight at this festival, along with musicians, street food, buskers, dancers, art and film screenings. Running every Friday in July, you have four chances to catch this festival, or hit all four to sample the unique offerings on each day.

When: July 7, 14, 21 and 28 Admission: Free Where: Mel Lastman Square

Afro Fest Billing itself as the largest free festival

One of the largest Latino celebrations in the country gives visitors a chance to sample the rich Hispanic culture throughout the city, whether it’s enjoying some ceviche or dancing a mambo. This year the event welcomes several bands from across Latin America, and serves authentic dishes from restaurants city-wide.

When: July 8 and 9 Admission: Free Where: St. Clair Ave. West from Winona to Christie

Tirgan Festival Celebrating one of the oldest civilizations of the world, this festival is named after the ancient Persian Festival. Experience the many classic and contemporary charms of Iranian culture, including its music, food, theatre, cinema and visual art. This year will see more than 200 artists and 100 performers to entertain.

When: July 27 to 30 Admission: A mix of ticketed and free events Where: Harbourfront Centre

Taste of the Danforth Experience a taste of Greece in the east end of the city, and take part in one of the biggest festivals of the year. While making your way from souvlaki stand to gyros stand, you can enjoy live music, dancers and vendors from the many shops along Danforth.

When: August 11 to 13 Admission: Free Where: Danforth Avenue, starting at Broadview

Hispanic Fiesta A celebration of Spanish and LatinAmerican culture, complete with the food and music that make those cultures so flavourful. More than 20 Spanish speaking countries are being represented with over 300 performers and over a dozen different food booths.

When: September 1 to 4 Admission: Free Where: Mel Lastman Square This content was originally published on YP.ca. Read more YP travel tips and city guides at yp.ca/tips JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 59

Advice | MONEY MATTERS

The lost art of saving

By Gail Vaz-Oxlade

m

MORE ADVICE ONLINE ypnexthome.ca/news/advice

DESPITE ALL MEDIA warnings, financial planners’ tut-tutting and the popularity of books such as David Chilton’s The Wealthy Barber which made its fame telling a simple story – “Save 10 per cent” – we are a spendthrift bunch.

We haven’t always been.

We saved 10 per cent or more for 20 years, from 1973 to 1993 – more than enough time to have established the habit. Our savings rate reaching a peak of 18.5 per cent in 1982 (in our enthusiasm, did we overdo a good thing?), we bounced around the 10 per cent mark for about a decade, and then in 1993 we began our great slide. By 1999 we’d hit a low of 3.6 per cent and in April of 2007, we finally made it into negative territory: our savings rate was -1.4 per cent. Yes, we were officially spending more money than we were earning.

Negative 1.4 per cent is a long way off 10 per cent, and an even longer way off the RRSP contribution limit calculation, which is based on putting aside 18 per cent of earned income.

You could blame our higher taxes and you’d be somewhat justified.

Taxes as a percentage of our total incomes rose from 18.43 per cent in 1973 to 23.9 per cent in 1999. But you would also have to take a close look at our spending habits. What we spend on goods and services has gone up steadily since 1982.

And we’ve availed ourselves of more credit. Liabilities – what we spend on our credit cards, loans, mortgages and the like – rose from 0.67 per cent of our annual income in 1982 to over 4.9 per cent in 1999.

60 YPNEXTHOME.CA

Consumer credit – the money we borrow to feed our passion to consume stuff – makes up a big chunk of that, as it rose from -.06 per cent in 1982 to 1.34 per cent in 1999.

And according to a report entitled Canadian Economy: Personal Savings Rate by Industry Canada, in 1998 total accumulated debt per household in Canada was equal to 114 per cent of after tax income. Whew! How could we possibly save anything when we’re spending more than we’re making servicing our debt?

These figures seem to fly in the face of most of the predictions for how the baby boomers will behave as they age. In Boom Bust and Echo, David Foot asserted: “When you are young, you are a borrower. In your 40s and 50s, you are trying to build a nest egg for retirement.” Financial advisers are standing by, holding their breath, waiting for the money to come pouring in as boomers hit

their peak earning years. Yet since 1993 as we watched the first of the baby boomers turn the corner to middle age, Canada’s savings rate has plummeted despite a healthy economy, low inflation and more being written about money than ever before in history.

So why aren’t we saving? It really doesn’t matter what reason we give – too much debt, high cost of living, taxes – the real reason we aren’t saving is because we’ve forgotten how important it is to save.

Perhaps the gloomiest part of the savings picture is the legacy we are leaving our children. Not only are we teaching them how to be avid consumers: spending their money on everything from trading cards at $5 a pop to horrendously expensive video gaming toys; we are, by omission, teaching them not to save. And we’re willing to allow credit purveyors to …continued on page 62

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JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 61

…continued from page 60

entice our children into a world of debt with nary a lesson on how to keep a balanced financial picture. For while credit card companies wouldn’t dream of issuing a credit card without an adult meeting significant credit criteria – they’d have to have a job, for example – students in university are assaulted by easy credit, making it easy for them to dig debt ditches they must subsequently struggle out of.

Why save?

Saving gives us a sense of security and mastery over our finances. As our savings grow – be they in a run-ofthe-mill savings account or invested in equities – we can take pride in our sense of discipline and increased ability to weather a storm.

The more we’ve accumulated in savings, the harder those savings work for us. It can be truly rewarding to see substantial sums of money generated solely by our savings.

Saving takes us closer to our goals.

It also creates a strong sense of independence by putting us squarely in a position of control. We have the resources to cover unexpected expenses without incurring debt at high rates of interest. We have the flexibility to take advantage of investment opportunities as they arise. We can change jobs, change homes, change countries without the sense of anxiety that comes from existing paycheque to paycheque.

How to save This is perhaps the area in which we are the most confused. If we sock away $5,000, $10,000 or $15,000 a year in a retirement savings plan, we’re doing a great job of saving, right? Well, not exactly. If we had to borrow the money to make that RRSP contribution, we won’t actually have saved a nickel until that loan is paid off. And if we stuck $2,500 away in an RESP for junior and then promptly upped our line of credit balance by a similar amount, we haven’t saved a cent.

62 YPNEXTHOME.CA

To actually save a dollar you have to take that dollar out of your cash flow.

Putting it in a GIC and then spending it on a credit card doesn’t count. You must make the commitment that current expenditures will not exceed current income. You’ve got to spend less money than you make.

The you-don’t-have-to-thinkabout-it way of saving is to use an automatic debit from your chequing account to your savings account, so the temptation to spend the money is removed. Yes, it’s a bit of a headgame to trick yourself into saving.

Not everyone is a born saver, after all.

Some people must play the game to achieve their goals.

Back to David Chilton’s The Wealthy Barber: the advice was sound in this short-but-sweet bestseller. Basically it boiled down to pay yourself first, put savings in a separate account, and be consistent. If you wait to see what’s left over after your expenses, you’ll be justified in not saving because you won’t have much left. That’s the way it is with money. Smart savers do it the other way around. The take the money they want to save and hide it before they can spend it. Sure, it may mean cutting back a little, but that usually doesn’t hurt as much as most people think it will.

This all sounds like pretty basic information – nowhere near as exciting as a discussion of the stock market, technical analysis or long-term projections for the

economy. But as simple a concept as saving appears to be, it’s the one that is being missed. And if you’re not talking about saving at home, there’s little to motivate your child to develop this life-long habit. Start talking about it.

Teaching children to save One of the most effective ways of motivating a child to get into the savings habit is with a savingsmatching program. You match every dollar your child saves with a dollar of your own. “Molly, here’s the deal.

If you can save $100 by Christmas, I’ll match that amount so you can begin investing.”

If watching your money grow in a savings or investment account doesn’t turn you on, you’ll have to find some other motivation for saving.

How about this: Just for one moment be a pessimist. What if you lost your job, got sick or smashed up your car? Those are all good reasons to save. So is putting aside enough so you don’t have to depend on anyone else – be it the government or your children – to take care of you when your days of heading into the mines are over. *All figures based on Statistics Canada National Economic and Financial Accounts unless otherwise stated.

Gail Vaz-Oxlade is the host of Til Debt Do Us Part and author of Debt Free Forever and blogs daily at gailvazoxlade.com

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JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 63

Top list

BEST PULLED PORK in Toronto

By Jennifer D’Agostino

SLOWLY COOKED, SMOKY AND SWEET is the perfect description of pulled pork

perfection. Barbecue joints across Toronto are serving up this tender and smoky dish, by itself or piled high on a sandwich. Here are some of the best spot for pulled pork in Toronto.

1. Black Camel 4 Crescent Rd. Black Camel’s pulled pork sandwich takes days to prepare. They season the pork shoulder with a selection of spices and herbs, then it marinates for three days before slowly cooking for 12 hours. The result: one of the best sandwiches in Toronto!

2. Lou Dawg’s Southern Sandwiches 76 Gerrard St. E. The pulled pork at Lou Dawg’s is served bone-in and seasoned with their signature dry rub. Slowly cooked for 10 hours, it is then hand pulled and doused in their famous Lou Dawg’s Original BBQ Sauce. You can also have your pulled pork served in a taco or sandwich!

64 YPNEXTHOME.CA

3. Leslieville Pumps 929 Queen St. E. “The Pumps” pulled pork is some of the best in Toronto. The sweetness comes from their house-made barbecue sauce, while the smokiness is due to the slow and low cooking method to get the pork just right.

Enjoy it with a side of slaw.

4. Beer Bistro 18 King St. E. Found on the lunch menu, Beer Bistro’s pulled pork is beer braised and smoked in house. Topped with gouda, the sandwich is served with potatoes and coleslaw. The delicious sandwich experience is complete with

MORE TRENDING ONLINE

We suggest you also order the corn on the cob on the side.

hours, then it’s pulled apart by hand.

You can also get it in a sandwich.

7. Stack Restaurant

9. The Stockyards

3265 Yonge St. This midtown restaurant takes its inspiration from our neighbours to the south, and this is especially evident in their pulled pork sandwiches. There is a total of three pulled pork sandwiches on the menu, and they make sure to have the main barbecue regions covered. Whether it’s smothered in Carolina barbecue sauce or Lexington vinegar sauce, whichever sandwich you choose, it’s a winner.

699 St Clair Ave. W. The Stockyards pulled pork sandwich is one of the best in the city, and for good reason. Slowly smoked over apples and oak, the pork shoulder is effortlessly tender and packed with flavour. It’s served with Stockyards BBQ sauce and house slaw.

ypnexthome.ca/news

a bold brew like Shillow Beer Co.’s Bitter Waitress.

5. Uncle Betty’s Restaurant 2590 Yonge St. Uncle Betty’s Southern-style pulled pork is tender and full with flavour.

Smoked low and slow it is served on a toasted buttered bun with a scoop of their house-made coleslaw. The sandwich comes with your choice of fries, house salad, onion rings or sweet potato fries.

6. Triple A Bar 1276 Queen St. E. Triple A Bar has made a name for itself on the barbecue scene. The smoked pulled pork sandwich is one of the must-tries on their abundant menu.

8. Smoque N Bones 869 Queen St. W. You’ll have to dress your own pulled pork at Smoque N Bones, because they serve their pulled pork naked with a side of their famous barbecue sauce. Smoque takes pulled pork to the next level – they smoke it for 18

10. Electric Mud Barbeque 5 Brock Ave. Electric Mud BBQ’s pulled pork is the perfect balance of smoky and sweet.

Served between freshly made bread and doused with their house-made barbecue sauce, Electric Mud is serving up a flavour packed sandwich!

It’s served with coleslaw.

This content was originally published on YP.ca. Read more YP travel tips and city guides at yp.ca/tips JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 65

Hot Properties

905

Find your next home! This page features a few of the latest properties to keep your eye on in the GTA’s 905 area. Find more properties at ypnexthome.ca

LATEST LISTINGS

TELEVISION CITY

previews and registration TELEVISION CITY By: Lamb Development Corporation City: Hamilton A landmark in Hamilton’s media history will soon take on new life as Television City, a new condo development that will continue to anchor this well-known corner of the Durand community.

Register now. televisioncity.ca

M CITY CONDOS By: Rogers Real Estate Development & Urban Capital City: Mississauga The first of nine buildings and soaring 60 storeys, M City’s flagship tower will emerge as the defining landmark of Mississauga’s downtown core. Register today to stay informed. mcitycondos.com

new releases & grand openings

MISSISSAUGA SQUARE By: Plaza City: Mississauga Register now for this new condo, coming soon near the proposed Hurontario LRT, minutes to Hwys. 401 and 403, and Square One. pureplaza.com

WESLEY TOWER By: The Daniels Corporation City: Mississauga Daniels is getting ready to introduce its newest condominium to Mississauga’s City Centre. The 40-storey tower at Confederation Parkway and City Centre Drive will offer outstanding residential opportunities in one of the most convenient, sought-after locations in the Greater Toronto Area. Register today.

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PACE ON MAIN By: Geranium City: Stouffville New release of condo towns in downtown Stouffville’s first boutique condominium, steps to the GO train, cafes, restaurants, theatre and recreation. paceonmain.com

THE MET By: Plaza City: Vaughan GTA’s newest downtown address across from the new TTC subway station.

Towns starting from the high $650’s. pureplaza.com

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

66 YPNEXTHOME.CA

4

Hot Properties

416

Find your next home! This page features a few of the latest properties to keep your eye on in the 416 area. Find more properties at ypnexthome.ca

LATEST LISTINGS

THEORY CONDOMINIUMS

KINGSWAY BY THE RIVER By: Urban Capital City: Toronto Phase 2 is coming soon to the Kingsway neighbourhood, offering one- to threebedroom condo lofts in this coveted locale. kingswaybytheriver.ca

SUPERSONIC By: Lindvest City: North York Coming soon: the second tower in Lindvest's North York condominium community at Eglinton Avenue and Don Mills Road. lindvest.com/supersonic

new releases and grand openings QUEENSWAY PARK

previews and registration THEORY CONDOMINIUMS By: Parallax Development Corporation City: Toronto Register for priority preview, in anticipation of sales kick-off this summer. Be close to U of T, public transit, shopping, dining and entertainment. Don't miss out! theorycondos.com

CONCORD CANADA HOUSE By: Concord Adex City: Toronto Concord Canada House is the final phase to complete the 45-acre, master-planned Concord CityPlace, that began to take shape over 20 years ago. Register now for your last chance to buy a brand new condo in this coveted community.

ConcordCanadaHouse.ca

BIANCA By: Tridel City: Toronto Inspired Annex living featuring dynamic architecture, coming soon to "the new Dupont." Register now for this award-winning new development.

Tridel.com

By: Urban Capital & Rosewater City: Etobicoke Now open in Queensway Village! A new urban experience with exciting retail, restaurants, tree-lined streets, and a decidedly sophisticated and urban development in the heart of it all. queenswayparkcondos.ca

CYPRESS

THE FOXBAR COLLECTION AT BLUE DIAMOND

By: Pinnacle International City: Etobicoke Register for this new masterplanned community near Kipling Hub, GO station and highways.

PinnacleEtobicoke.ca

By: Camrost Felcorp City: Toronto A new release of spacious two- and threebedroom luxury suites and townhomes.

Prices starting from the mid-$800's. thefoxbar.ca

TIME AND SPACE By: Pemberton Group City: Toronto The time is now to register for this new condominium community, coming soon to Front and Sherbourne.

PembertonGroup.com

AQUABELLA By: Tridel & Hines City: Toronto Luxurious Terrace Collection now available at Bayside’s newest condo, Aquabella. Suites from 1,767 to over 4,000 sq. ft.

Tridel.com

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 JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 67

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

# Builder Site Telephone TH* C* Price Range Page Finder 4 TRIDEL CORPORATION Bianca tride.com • IFC 13I 6 CONCORD ADEX Canada House Condos concordcanadahouse.ca • 14/15/36/37 15M 11 MENKES DEVELOPMENTS INC. 365 Church 416-591-7700 • from $520,000 Insert 14I 18 URBAN CAPITAL Harris Square rivercitytoronto.com • • 27 18L 34 MENKES DEVELOPMENTS INC. Fleur menkes.com • • Insert 16L 35 MENKES DEVELOPMENTS INC. 87 Peter 416-591-7700 • from $820,000 Insert 15M The Eglinton Yonge at Heart 416-591-7700 • from $320,000 Insert 15D 35 MENKES DEVELOPMENTS INC. Halo Residences on Yonge 416-485-3000 • from $300,000 IBC 16K 49 CRESFORD DEVELOPMENT CORP. 50 CRESFORD DEVELOPMENT CORP. VOX 416-485-3000 • IBC 15J 52 CRESFORD DEVELOPMENT CORP. CASA III 416-486-2272 • from $995,000 IBC 15L 52 CRESFORD DEVELOPMENT CORP. CASA II 416-486-2272 • from $2000,000 IBC 15L 77 LAMB DEVELOPMENT CORP. Bauhaus bauhaustoronto.com • from $450,000 47 18L 104 CRESFORD DEVELOPMENT CORP. The Clover on Yonge 416-485-3000 • IBC 14J 118 PEMBERTON GROUP The Urban Townhome Collection 416-277-6695 • from $2500,000 Insert 15K 149 CAMROST - FELCORP Blue Diamond at Imperial Plaza 416-925-2501 • from $400,000 1 15I 149 CAMROST - FELCORP The Foxbar Collection at Blue Diamond thefoxbar.ca • • from $900,000 1 15I 157 PEMBERTON GROUP Time and Space Condominiums pembertongroup.com • Insert 17L 223 PARALLAX DEVELOPMENT CORPORATION Theory Condominium theorycondos.com • from $520,000 39 15L 228 THE DANIELS CORPORATION DuEast dueastto.ca • from $290,000 13 18J 1 BRANDY LANE HOMES The Davies 416-873-0862 • from $820,000 14I 2 GREAT GULF Yonge+Richmond 416-499-8883 • from $470,000 16K 3 ARAGON PROPERTIES Eighty One Wellesley eightyonewellesley.ca • from $330,000 16J 3 ALTERRA 159SW 159sw.com • from $300,000 16J 5 GRAYWOOD DEVELOPMENTS Scoop Condos scoopcondos.com • from $282,000 19I 8 ROCKPORT GROUP George Condos+Towns 647-351-5050 • from $335,000 22L 9 HARHAY DEVELOPMENTS 875 Queen East 416-694-8750 • from $300,000 19L 9 LAMB DEVELOPMENT CORP. Flatiron Lofts 416-368-5262 19L 9 LAMB DEVELOPMENT CORP. Work Lofts 416-368-5262 19L 10 MARLIN SPRING Canvas Condominium canvascondos.ca • from $250,000 24G 11 TRIDEL CORPORATION Sherwood at Huntington 416-485-1900 • from $1000,000 18G 11 METROPIA AYC Condos ayccondos.com • • from $400,000 14I 11 STAFFORD HOMES Downsview Park 416-757-6688 • from $650,000 10D 12 NORTH DRIVE INVESTMENT The High Park 416-670-3699 • from $400,000 8L 12 NORTH DRIVE INVESTMENT Picnic 416-670-3699 • from $475,000 8L 13 ASPEN RIDGE HOMES The Jack aspenridgehomes.com • from $400,000 14H 14 FIELDGATE URBAN Heartwood the Beach heartwoodthebeach.com • from $490,000 24J 15 TRIDEL CORPORATION 101 Erskine 416-480-0700 • from $386,000 14D 17 ROCKPORT GROUP The Nest 416-223-0003 • from $350,000 11H 18 DUNDEE KILMER DEVELOPMENTS Canary Block Condominiums canaryblock.com • from $350,000 18L 20 MENKES DEVELOPMENTS INC. Fabrik 416-591-7700 • from $590,000 14M 20 MOD DEVELOPMENTS INC. Waterworks waterworkstoronto.com • from $420,000 14M 22 TRIDEL CORPORATION Ten York 416-596-9888 • from $1020,000 12F 22 MATTAMY HOMES Picasso on Richmond 416-495-3549 • from $336,000 14M 25 TRIDEL CORPORATION SQ2 416-661-1949 • from $629,000 15D 26 BAZIS INC. No1 Yorkville 416-519-2911 • from $550,000 15I 26 PLAZA No1 Yorkville 416-519-2911 • from $550,000 15I 28 EMPIRE COMMUNITIES Eau Du Soleil Waterfront Condominiums 416-503-3328 • from $500,000 25B 29 PINNACLE INTERNATIONAL Success Tower at Pinnacle Centre 416-360-0673 • from $880,000 17M 30 BUENA VISTA DEVELOPMENTS Bespoke Towns 419-239-8181 • from $550,000 22J 31 WORSLEY URBAN PARTNERS Totem Condominium 416-792-1877 • from $492,000 15H 32 MADISON HOMES The Madison 416-482-8090 • from $480,000 14E 34 ST. THOMAS DEVELOPMENTS 88 Queen 88queen.com • from $250,000 16L 34 DREAM Ivy Condos 416-306-6484 • • from $320,000 16L 34 THE SHER CORPORATION Ivy Condos 416-306-6484 • • from $320,000 16L 36 NEUDORFER CORPORATION Fuse Condos 416-534-4444 from $260,000 9K *TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. Attention Builders - Want to add your community to our maps?

C: Condo Need to update existing information? Please fax the details to (416) 789-9554 Please refer to page number for complete information.

Builder

Site

Telephone

TH* C* Price Range

Page

Finder

Pace 416-928-2223 • from $310,000 16L Dundas Square Gardens 416-645-8575 • from $224,000 17K Grid Condos 416-477-4743 • from $250,000 17K Garrison Point garrisonpoint.ca • from $250,000 13N The Barrington Condominiums Flats 416-410-4444 • from $455,000 12H Howard Park 2 416-873-0989 • from $349,000 9L The Upper House Condos in Leaside 416-425-1800 from $350,000 18D Alter 416-645-4599 • from $700,000 16J The PJ 416-596-1600 • from $300,000 15L Yorkville Park mintoyorkvillepark.com • • from $420,000 14J Zigg Condos 416-545-0223 • • from $1300,000 14J Zigg Condos 416-545-0223 • • from $1300,000 14J Yorkville Private Estates 416-484-4371 • • from $2500,000 14J Teahouse 416-861-1111 • from $241,000 16K Stanley 416-546-1502 • from $400,000 16K Bloor Promenade tride.com • 23F Aqualina at Bayside Toronto 416-514-2710 • from $336,000 18M Aquavista at Bayside Toronto 416-514-2710 • from $814,000 18M Aquabella Bayside Toronto tridel.com • from $1200,000 18M 11 Wellesley 416-861-1111 • from $435,000 15J Riverside Square 416-466-4466 • from $200,000 19L Monde 416-466-8885 • from $340,000 17M Liberty Central by the Lake - Phase One 416-537-0047 • from $370,000 11F The Selby theselbycondos.com • 16J The Rosedale on Bloor 416-928-9997 • from $220,000 16I The Brant Park 416-368-5262 • from $835,000 14M Wellington House 416-368-5262 from $442,000 14M Enigma on the Park 416-516-1551 • from $236,000 9L Citylights on Broadway 416-546-6605 • from $320,000 14D East Fiftyfive 416-861-9559 • from $360,000 17L East Fiftyfive 416-861-9559 • from $322,000 17L Home Power + Adelaide homeonpower.ca • from $320,000 17L 609 Avenue Road 609avenue.com • from $600,000 14G 609 Avenue Road 609avenue.com • from $600,000 14G 2221 Yonge 647-350-2221 • from $320,000 14D On The Danforth onthedanforthcondo.com • from $251,000 23G Liberty Central by the Lake Two 416-537-0047 • • from $320,000 12N Schoolhouse 416-979-1333 • from $900,000 13I Art Shoppe Condos artshoppecondos.com • from $200,000 14D Distinction Condos 416-489-6444 • from $360,000 14D Distinction Condos 416-489-6444 • from $360,000 14D J Davis House 647-343-3270 • • from $320,000 15F J Davis House jdavishouse.com • • from $320,000 15F One Eleven Condominiums & Lofts 647-351-4111 • from $300,000 13M One Eleven Condominiums & Lofts 647-351-4111 • from $300,000 13M One Bloor Residences 416-922-0081 • from $580,000 15I Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 14J Ivory On Adelaide 647-341-1731 • from $510,000 17L 158 Front Condominiums 158front.com • from $290,000 17L Exhibit 416-967-7778 • from $560,000 14I Exhibit 416-967-7778 • 14I Exhibit 416-967-7778 • 14I The Pinnacle on Adelaide 416-596-1600 • from $367,000 15M Bisha Hotel & Residences 416-637-2211 • from $300,000 16M 88 Scott 416-216-8588 • from $500,000 17M Riverhouse at the Old Mill 416-766-7343 • from $500,000 5L Two Old Mill 416-645-7022 • from $1762,000 5L RCM I on University 647-351-9247 • from $515,000 14M The Berwick 416-922-9425 from $536,000 14E The Mercer 416-597-6940 • from $440,000 15M Imperial Plaza 647-346-3799 • from $386,000 15I Cumberland Tower - Yorkville Plaza II 416-966-3003 • from $350,000 15I Studio on Richmond 647-352-7736 • from $300,000 15M Tableau Condominiums 416-591-8887 • • from $450,000 15L Tableau Condominiums 416-591-8887 • • from $350,000 15L Tableau Condominiums 416-591-8887 • • from $350,000 15L The Bond Condominiums 416-546-7525 • • from $409,000 15G L Tower 416-777-2533 • from $490,000 17L Perspective Condos 416-242-3500 from $300,000 4H Neon 416-987-7878 • from $400,000 14D 1000 Bay 416-485-3000 • 15J 90 Niagara 416-981-0036 from $410,000 14O James 416-214-9900 from $317,000 14O SIXTY Colborne 416-601-0060 • from $496,000 16L SIXTY Colborne 416-598-7775 • from $300,000 16L Upper Beach Townes 416-693-7500 • from $551,000 24G The Massey Tower 416-966-0197 • • from $332,000 16L Canary District Condominiums 416-603-7576 • from $335,000 18L Canary Park Condominiums 416-603-7576 • from $242,000 18L TEN93 Queen West 905-326-4100 • from $280,000 12F TEN93 Queen West 416-546-6355 • from $380,000 12F Epic pureplaza.com • from $351,000 12F Smart House 416-292-0219 • from $442,000 15L Smart House 416-292-0219 • from $472,000 15L Duke Condos junctionlife.ca from $290,000 8K King Charlotte 416-368-5262 • from $435,000 15M Theatre Park 416-368-5262 • from $1990,000 16M The Harlowe 416-368-5262 • from $469,000 15M Form tridel.com 15L Empire Midtown empiremidtowncondo.com • from $300,000 10F Eight Cumberland 8cumberland.ca • from $400,000 15I Eight Cumberland 8cumberland.ca • from $400,000 15I St. Lawrence Condos stlawrencecondos.ca • from $280,000 17L YSL 416-483-3000 • 16K The Wyatt Condominium Suites 416-955-0559 • from $220,000 18J Via Bloor 416-649-2500 • 17I Via Bloor 2 tride.com • 17I Plaza Midtown pureplaza.com • 14E West Beach WestBeachCondos.ca • from $290,000 23J

*TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. Attention Builders - Want to add your community to our maps?

C: Condo Need to update existing information? Please fax the details to (416) 789-9554 Please refer to page number for complete information.

torontoregionalmaps: Toronto, East York, York

#

38 GREAT GULF 38 EASTON’S GROUP 38 CENTRE COURT DEVELOPMENT 40 FERNBROOK HOMES/CITYZEN DEV. 41 LASH GROUP OF COMPANIES 42 TRIUMPH DEVELOPMENTS 43 K-CAP LAIRD INC. 44 TRIDEL CORPORATION 47 PINNACLE INTERNATIONAL 48 MINTO COMMUNITIES INC. 48 MADISON HOMES 48 FIELDGATE HOMES 48 CAMROST - FELCORP 49 LANTERRA DEVELOPMENTS 49 TRIBUTE COMMUNITIES 50 TRIDEL CORPORATION 51 TRIDEL CORPORATION 51 TRIDEL CORPORATION 51 TRIDEL CORPORATION 53 LANTERRA DEVELOPMENTS 56 STREETCAR DEVELOPMENT 58 GREAT GULF 60 CANALFA GROUP 63 FERNBROOK HOMES/CITYZEN DEV. 63 THE GUPTA GROUP 64 LAMB DEVELOPMENT CORP. 64 LAMB DEVELOPMENT CORP. 65 ARAGON PROPERTIES 67 PEMBERTON GROUP 68 LAMB DEVELOPMENT CORP. 68 HYDE PARK 68 GREAT GULF 70 STATE BUILDING GROUP 70 MADISON HOMES 71 TOWER HILL DEVELOPMENT CORPORATION 73 DIAM DEVELOPMENTS 75 CANALFA GROUP 78 EMPIRE COMMUNITIES 79 FREED 79 LASH GROUP OF COMPANIES 79 LASH GROUP OF COMPANIES 80 MATTAMY HOMES 80 BIDDINGTON HOMES 85 HARHAY DEVELOPMENTS 85 CARTTERA 99 GREAT GULF 104 ASPEN RIDGE HOMES 114 PLAZA 114 FERNBROOK HOMES/CITYZEN DEV. 117 BAZIS INC. 117 METROPIA 117 PLAZA 124 PINNACLE INTERNATIONAL 128 LIFETIME DEVELOPMENTS 129 CONCERT PROPERTIES 131 LANTERRA DEVELOPMENTS 131 TRIDEL CORPORATION 133 TRIBUTE COMMUNITIES 142 ANDRIN HOMES 148 GRAYWOOD/BEAVERHALL DEVELOPMENT 149 CAMROST - FELCORP 149 CAMROST - FELCORP 150 ASPEN RIDGE HOMES 153 URBAN CAPITAL 153 MALIBU INVESTMENTS INC. 153 ALIT DEVELOPMENTS 155 LIFETIME DEVELOPMENTS 157 CASTLEPOINT/CITYZEN/FERNBROOK 162 PIANOSI DEVELOPMENTS 185 PEMBERTON GROUP 190 CRESFORD DEVELOPMENT CORP. 199 FIELDGATE HOMES 199 BRAD J. LAMB REALTY 200 FREED 200 CARTTERA 201 SOLOTEX 206 MOD DEVELOPMENTS INC. 215 DUNDEE KILMER DEVELOPMENTS 215 DUNDEE KILMER DEVELOPMENTS 217 BAYWOOD HOMES 217 PEMBERTON GROUP 217 PLAZA 218 MALIBU INVESTMENTS INC. 218 URBAN CAPITAL 219 TAS DESIGNBUILD 220 LAMB DEVELOPMENT CORP. 221 LAMB DEVELOPMENT CORP. 222 LAMB DEVELOPMENT CORP. 223 TRIDEL CORPORATION 224 EMPIRE COMMUNITIES 225 GREAT GULF 225 PHANTOM DEVELOPMENTS 226 FERNBROOK HOMES/CITYZEN DEV. 227 CRESFORD DEVELOPMENT CORP. 228 THE DANIELS CORPORATION 229 TRIDEL CORPORATION 229 TRIDEL CORPORATION 230 PLAZA 231 MARLIN SPRING

69

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

A

2

Steeles Ave

21 22 23 24 25 26

121

12

B

99

33

North York C

9 34

124

400 5

11

50

14

37

401

D

8

15 17

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134

28

123

E

20

401

25

3

122

F

19

16

21

18

130

125

G

10 132

95

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

torontoregionalmaps: North York

#

70

Builder

95 LINDVEST 134 ELAD CANADA 1 CONCORD ADEX 2 DEVRON DEVELOPMENTS 3 YYZED PROJECT MANAGEMENT 3 TIFFANY PARK HOMES 4 TRIDEL CORPORATION 5 LINDVEST 6 CONCORD ADEX 6 CONCORD ADEX 7 FRAM BUILDING GROUP 8 BAZIS INC. 9 SORBARA GROUP 10 LANTERRA DEVELOPMENTS 10 LANTERRA DEVELOPMENTS 11 MATTAMY HOMES 12 GHODS BUILDERS INC. 13 CASTLE GROUP DEVELOPMENTS 13 LIBERTY DEVELOPMENT CORP. 13 CONCORD ADEX 14 DAVPART 15 PHANTOM DEVELOPMENTS 16 URBAN CAPITAL 16 ALIT DEVELOPMENTS 17 CHESTNUT HILL DEVELOPMENT 17 HAVEN DEVELOPMENTS 18 KUBO DEVELOPMENTS 19 MADISON HOMES 20 MALIBU INVESTMENTS INC. 21 TRIDEL CORPORATION 22 TRIDEL CORPORATION 28 TRIDEL CORPORATION 33 LATCH DEVELOPMENTS 33 FIRST AVENUE PROPERTIES 34 DIAMANTE DEVELOPMENT CORP. 34 G GROUP DEVELOPMENT CORP 37 NORSTAR GROUP OF COMPANIES 50 DEVRON DEVELOPMENTS 95 ASPEN RIDGE HOMES 95 LINDVEST 95 TRIDEL CORPORATION 96 ELAD CANADA 96 ELAD CANADA 96 ELAD CANADA 96 ELAD CANADA 121 LIBERTY DEVELOPMENT CORP. 122 LANTERRA DEVELOPMENTS 122 LANTERRA DEVELOPMENTS 122 LANTERRA DEVELOPMENTS 123 BRANDY LANE HOMES 124 TRIDEL CORPORATION 124 TRIDEL CORPORATION 125 FRAM BUILDING GROUP 130 TRIBUTE COMMUNITIES 132 FRAM BUILDING GROUP/CADILLAC FAIRVIEW 134 ELAD CANADA

Site

Telephone TH* C* Price Range

Page

Finder

Super Sonic lindvest.com/supersonic • from $320,000 35 23G The Point emeraldcitylife.ca • from $300,000 43 24D Opus 416-813-2999 • • 22C The Vanguard vanguardto.com • 18A VISTO vistocondos.ca from $267,000 8E Westhaven 416-792-6655 • from $633,000 23G Aristo at Avonshire 416-730-0300 • from $391,000 18D The Brownstones at Westown lindvest.com from $250,000 4C Tango2 at Concord Park Place 416-813-2999 • from $265,000 22C Omega On The Park 416-813-2999 • • from $200,000 22C SOUL mysoulcondos.ca from $250,000 25C Estates on Bayview estatesonbayview.com • from $1950,000 19D Beacon beaconcondos.ca • from $368,000 17C Rodeo Drive Condominiums rodeodrivecondos.com • 22F Rodeo Drive 2 Condominiums rodeodrivecondos.com • 22F Downsview Park Boutique Condos mattamyhomes.com • • 10D 5959 Yonge Street 416-222-5959 • from $302,000 18A Vida at Bayview Village 416-304-1212 from $250,000 20D The Village Residences 647-622-8408 • 20D Seasons Condominiums concordseasons.ca • 20D Avro Condominiums avrocondos.com • from $220,000 12C Tea Garden Condos teagardencondos.com • from $200,000 19C The Ravine 416-850-2489 • • from $268,000 25E The Ravine 416-850-2489 • • from $250,000 25E Lotus Condominiums 416-222-8338 • from $306,000 19C SIX 25 BV six25bv.com • from $250,000 19C Marquette Urban Towns 416-551-9767 • from $250,000 14E Briar Hill madisonhomes.ca • • from $400,000 12F Southside Residences at Gramercy Park 416-703-2202 • from $290,000 13E Argento 416-663-1818 • from $370,000 22E Scala 416-730-0300 • from $300,000 22C Alto at Atria 416-645-8866 • from $334,000 25D The Bennett on Bayview thebennettcondos.com • from $250,000 17B The Bennett on Bayview thebennettcondos.com • from $250,000 17B The Diamond Condominiums on Yonge 416-961-8008 • from $268,000 17C Ellie Condos elliecondos.com • from $250,000 17C Portrait Condominiums 416-282-9600 • from $255,000 13C Flo Condominiums 647-799-0356 • from $322,000 18C Scenic on Eglinton 416-805-1781 • from $300,000 23G Sonic lindvest.com/sonic • from $212,000 23G Sonic lindvest.com/sonic • from $212,000 23G Dreamtower At Emerald City 416-492-0001 • from $367,000 24C The Colours of Emerald City coloursofemeraldcity.com • from $290,000 24C Fifth on the Park 416-492-0001 • from $290,000 24C The Park Club Emerald City theparkclub.ca • from $290,000 24C World on Yonge 905-771-7010 • 18A Treviso Condominiums 416-787-8882 • from $203,000 12F Treviso II 416-787-8882 • from $263,000 12F Treviso III 416-787-8882 • from $250,000 12F The Station 416-398-9777 • from $467,000 12D Trio at Atria 416-645-8866 from $271,000 24C Parfait at Atria tridel.com 24C LIV Lofts 416-445-5638 • from $250,000 22F Canterbury 647-352-2130 • • from $951,000 19F Flaire Condos 416-445-8868 • from $305,000 22F The Peak Emerald City emeraldcitylife.ca • from $300,000 24D

*TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide.

C: Condo Please refer to page number for complete information.

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

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

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

d ett R

Av e

40

Dixon Rd Scarl

Da nf or th

Islington Ave

Kipling Ave

vd

Etobicoke

409

Rathburn Rd

21 44

34 Bloor St W

Dundas St W57

50 8 12

Queensway7

14

QEW

9

22

Gardiner Expressway Evans Ave

2

Horner Ave

H

Park Lawn

73

16

Royal York Rd

Scarborough

28

Bl

Westway

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27

2A

Ranforth Dr

lva

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30

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Martin Grove Rd

Re

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Centennial

RD

d

Finch Ave W

427

East Ave Port Union Rd

Galloway Rd

Ki

ng

n sto

Manse Rd

Orton Park Rd

Bellamy Rd

McCowan Rd

Brimley Rd

Victoria Park

G

4

11 n Av

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

Scarborough Golf Rd

o

Brim

Eglinton Ave E

F

Dr rton

Markham Rd

Kennedy Rd

27 71

nR

Sheppard Ave E

Morrish Rd

Progress Ave

3 Lawrence Ave E Rd

Warden Ave

Pharmacy Rd

E

55

Birchmount

Ellesmere Rd

401 Midland Ave

401

D

Milner Ave

72

bio

Humberline Dr

23

Al

Beare Rd

Sheppard Ave E 26

Conlins Rd

C

Ave

Morningside Ave

evin

McL

Passmore Ave

Meadowvale Rd

Huntingwood Dr

Reesor Rd

Finch Ave E

B

Sewells Rd

Neilson Rd

McNicoll Ave

Tapscott Rd

McCowan Rd

A

21 22 23 24 25 26

5 56

6 19 24 17 18

39

Lakeshore Blvd W

# 7 12 1 2 3 4 5 6 8 8 9 10 10 11 13 14 14 14 16 17 18 19 23 24 26 27 28 30 34 39 39 44 50 50 55 55 55 56 57 61 71 71 72 73

Builder URBAN CAPITAL URBAN CAPITAL INSOHO DEVELOPMENTS STANTON RENAISSANCE LALU CANADA YOUR HOME DEVELOPMENTS VANDYK GROUP OF COMPANIES CONSERVATORY GROUP TRIDEL CORPORATION TRIDEL CORPORATION WILKINSON DEVELOPMENTS LASH GROUP OF COMPANIES CARTTERA SCOLLARD DEVELOPMENT OPEARL DEVELOPMENTS INFINITY DEVELOPMENTS LAURIER HOMES MUTUAL DEVELOPMENTS CONCERT PROPERTIES TIMES GROUP CORP. MATTAMY HOMES ICON HOMES CITYCORE DAVIES SMITH GEMTERRA GLOBAL KINGDOM MINISTRIES LIBERTY DEVELOPMENT CORP. TERRANATA DEVELOPMENTS INC. EDILCAN DEVELOPMENT CORP. MATTAMY HOMES MATTAMY HOMES TRIDEL CORPORATION PEMBERTON GROUP NORTH STAR HOMES TRIDEL CORPORATION TRIDEL CORPORATION TRIDEL CORPORATION PHANTOM DEVELOPMENTS PINNACLE INTERNATIONAL VHL DEVELOPMENTS LTD. LASH GROUP OF COMPANIES LASH GROUP OF COMPANIES SAMM DEVELOPMENTS HI-RISE (WEST) INC.

torontoregionalmaps: Scarborough, Etobicoke

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

Site Telephone TH* C* Price Range Page Finder Queensway Park queenswaypark.ca • 29 23G Kingsway by the River kingswaybytheriver.ca • from $300,000 25 23F Imagine Condos 416-367-7303 from $235,000 4F On The Go Mimico 647-692-8417 • from $200,000 23H Evo Condos + Towns evocondos.com • from $220,000 3D Sweet Life Condos 647-351-5440 • from $200,000 10E Backyard Neighbourhood Condos backyardcondos.com from $250,000 24G Altitude 416-321-1659 • from $230,000 25H Islington Terrace 416-645-8862 • from $250,000 23F Bloor Vista at Islington Terrace 416-645-8862 • from $250,000 23F Hunt Club Terrace 416-698-3020 • 2H Cloud 9 Condominiums 416-747-0199 • from $240,000 22B Cloud 9 Condominiums 416-747-0199 • from $240,000 22B Guildwood 416-266-3655 • from $200,000 8F Sail Condominiums sailcondos.ca • 2C Residences at The Hunt Club 416-699-1711 • from $300,000 2G Upper Beach Club upperbeachclub.com • from $390,000 2G Upper Beach Club upperbeachclub.com • from $390,000 2G The KIP District thekipdistrict.com • from $250,000 22F Key West Condominium keywesttorontocondo.com from $320,000 25H Lago 647-347-5930 • from $744,000 25C Royal York Urban Towns 416-901-0206 • from $220,000 24H Harmony Village 416-493-0123 • 2C Eleven Superior 416-259-8882 • from $311,000 24H Joy Condos joycondos.com • from $220,000 4C Trinity Ravine Towers 647-876-5433 • from $200,000 7D Terrace on Danforth 416-987-7575 • 2G The Step 416-798-7070 • from $145,000 23B Triumph at Valhalla 416-233-5554 • from $250,000 21F Waterscapes 416-495-3544 • from $414,000 26H Waterscapes 416-495-3544 • from $400,000 26H West Village 416-620-1887 • from $386,000 20F Vivid Condos 416-239-8200 • from $391,000 23F Connexion at Islington northstarhomesinc.com • from $300,000 23F Avani At Metrogate 416-293-5535 • from $309,000 4C Avani 2 At Metrogate 416-293-5535 • from $250,000 4C Selene Metrogate 416-293-5535 • from $280,000 4C Jade Condominiums 416-762-8818 • from $305,000 25G Pinnacle Etobicoke 416-596-1600 • from $300,000 22G Haven On The Bluffs 416-2611-9555 • from $292,000 3E Me Condos 416-430-0003 • from $250,000 8D Me 2 Condos 416-630-9393 • from $250,000 8D The Kennedys Condominiums KennedyCondos.com • from $220,000 4C Spice Urban Towns 416-932-3443 • from $390,000 2G

*TH: Townhomes, Attention Builders - Want to add your community to our maps?

Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554

71

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waterfrontmaps: TORONTO

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

72

#

Builder

1

MENKES DEVELOPMENTS INC.

Harbour Plaza

416-591-7700 •

from $2,100,000

3

BIDDINGTON HOMES

Vita On The Lake

mattamyhomes.com •

3

MATTAMY HOMES

Vita On The Lake

mattamyhomes.com •

2

Concord Adex

The Lakefront

thelakefront.ca

4

TRIDEL CORPORATION

Aquabella Bayside Toronto

tridel.com • from $1200,000 16E

4

TRIDEL CORPORATION

Aqualina at Bayside Toronto

416-514-2710

• from $336,000 16E

4

TRIDEL CORPORATION

AquaVista at Bayside Toronto

416-514-2710

• from $814,000 16E

5

CONCORD ADEX

Exchange Condos

exchangecondos.ca

•

12F

10 GREAT GULF

Twenty Lombard

416-499-8883

• from $543,000

16K

15 THE DANIELS CORPORATION

Lighthouse East Tower Condominium Residences

416-221-3939

• from $300,000

15

16F

58 GREAT GULF

Monde

416-466-8885 •

• from $340,000

17E

60 CANALFA GROUP

Liberty Central by the Lake Two

416-537-0047

• from $320,000

11F

*TH: Townhomes, C: Condo

Site

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Telephone TH* C* Price Range

Page

Finder

Insert

14F

from $550,000

BC

2F

from $550,000

BC

2F

•

12F

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

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

W

Rathburn Rd

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W Rd

27

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27

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Etobicoke Waterfront

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

69

93

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Telephone TH* C* Price Range

Bradford Tecumseth and Tottenham On The Go Mimico 9

LindsayWhitby 7 Waterfront

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DAVIES SMITH

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647-692-8417 • 48

Lake

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Page

Scugog

Manvers Finder

from $200,000 23C

King

Newcastle

Schomberg Eleven Superior

416-259-8882 •

from $311,000 23C Whitby

Oshawa

401

5

DAVIES SMITH

Hearthstone by the Bay

416-259-4466 • 24C

6

SCOLLARD DEVELOPMENT CORP.

Boathaus

boathaus.ca • from $198,000 22I

11 MATTAMY HOMES

Waterscapes

416-495-3544 • from $414,000 13B

18 MATTAMY HOMES

Riva Del Lago

647-347-5930

28 EMPIRE COMMUNITIES

Eau Du Soleil - Waterfront Condominiums

416-503-3328 • from $500,000

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

• from $806,000 24C

25B

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

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

waterfrontmaps: GTA

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905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North

Sid er

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

ra

Rd

Builder

Site

Telephone TH* C*

Price Range

5

THE DANIELS CORPORATION

Wesley Tower

8

PLAZA

Mississauga Square

8

PINNACLE INTERNATIONAL

Perla at Pinnacle Uptown pinnacleinternational.ca • from $300,000

Page

Finder

905-819-8889 • 23 20L pureplaza.com • 7

19K

3

19K

19

5N

905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North

#

12 LAMB DEVELOPMENT CORP.

Televison City

17 PEMBERTON GROUP

Mills Square

pembertongroup.com • from $300,000

craftsmancondos.com from $310,000 21N

televisioncity.ca • from $200,000

Insert 18M

1

VANDYK GROUP OF COMPANIES

The Craftsman

2

THE DANIELS CORPORATION

Olivia Marie Gardens

905-874-8880

3 CASTLERIDGE HOMES

The Clairington

905-793-0002 • from $230,000 16E

3

PINNACLE INTERNATIONAL

The Marquee Townhomes on the Park 905-568-9000 • from $720,000 20K

4

CONSERVATORY GROUP

Mirage

905-232-2400 • from $260,000 20K

5

AMACON

Block Nine

905-273-9333 • from $200,000 20L

5

URBAN CAPITAL

M City

6

MATTAMY HOMES

The Residences of Creekshore Common

7

SYMMETRY DEVELOPMENTS

Lake & East Condominium Residences

9

EMPIRE COMMUNITIES

Empire Rain and Senses

905-845-7246 • 17Q

10 AMACON

The Residences at Parkside Village

905-273-9333 •

11 ADI DEVELOPMENT GROUP

Station West

11 ADI DEVELOPMENT GROUP

The West Condominiums at Stationwest

11 ROSEHAVEN HOMES

Affinity Condominiums

12 SPALLACCI HOMES

101 Locke Condos

13 GREAT GULF

The Chelsea

14 PEMBERTON GROUP

Rosedale Village Golf & Country Club

15 ADI DEVELOPMENT GROUP

Link2 Condos+Lofts

905-592-2028 • from $225,000 5M

16 VANDYK GROUP OF COMPANIES

Windows on the Green

905-822-3333 from $410,000 19N

17 PEMBERTON GROUP

Downtown Erin Mills Condominiums

905-630-6300 • from $320,000 18M

17 PEMBERTON GROUP

Downtown Erin Mills Condominiums Tower 2

19 METROLY DEVELOPMENTS

The 6ixth

the6ixthtowns.com • from $300,000 16P

20 CARRIAGE GATE HOMES

The Berkeley Downtown Burlington

theberkeleycondo.com • from $340,000 5M

21 VALERY HOMES

Royal Connaught Phase II

royalconnaught.com • from $300,000 5N

21 SPALLACCI HOMES

Royal Connaught Phase II

royalconnaught.com • from $300,000 5N

30 PINNACLE INTERNATIONAL

Pinnacle Grand Park 2

905-276-3981 • from $266,000 20L

30 PINNACLE INTERNATIONAL

Pinnacle Grand Park

905-276-3981 • from $300,000 20L

34 PINNACLE INTERNATIONAL

Pinnacle Uptown

905-568-9000 • from $300,000 19K

46 THE DANIELS CORPORATION

Daniels City Centre

905-819-8889 • 20L

47 THE DANIELS CORPORATION

ARC Daniels Erin Mills

905-306-6996 • from $300,000 17M

• from $200,000 14K

mcitycondos.com • from $220,000 20L mattamyhomes.com

• from $406,000 14R

lakeandeast.com • from $350,000 16S

21K

adidevelopments.com • from $200,000 5N adidevelopments.com • from $190,000 5N 289-337-5937 • from $320,000 5N 101lockecondos.com

• 5N

905-844-1605 • from $220,000 16P 905-799-5000

•

• from $204,000 13F

905-603-6300 • from $320,000 18M

SEARCH ONLINE ypnexthome.ca *TH: Townhomes, Attention Builders - Want to add your community to our maps?

Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554

75

WhitechurchStouffville

A

East

Mt Albert Rd

Millard St

Yo

Steeles Ave E

9

PEMBERTON GROUP

Site

5

7 407

11 Concess ion R

Builder

10 Concess ion R

e

#

9 Line

14 Ave

Hwy. 48 le Dr

Rd

Aldergrove Dr

n

de

Al

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

Steeles Ave W

34

Bullock Dr Hwy 7

Town of Markham

Raymervil

3 407

404

Major Mackenzie Main St S

8

7 17

404 St

45

Kennedy Rd

John

Warden Av e

e

Clark Ave W

18 Ave

16 Ave Carlton Rd

Ave

32

Thornhill Henderson Av

13

Yonge St

Centre St

31

16th Ave.

Woodbin e

e Av

1

7 49 407

Cachet Pkwy

4

rn Ave

n to

Denham Dr

ng Isli t nce S Clare Kipling Av

50

46 44 48

43 10

Strathea

Weldrick Rd W

7 Langstaff Rd

Elgin Mills Rd

Major MacKenzie

Richmond Hill

Rutherford Rd

11 40

401

404

Leslie St

Regent St Mill St

Elgin Mills Rd Neal Dr

St

Maple

rkland St

Bathurst

St

9

400

19th Ave.

Gamble Rd

n

407

16

19 Ave McCowan Rd

2 15 Dufferin

Huntingto

7

To wn of O sh awa

401 401

Rd

Hwy. 27

Yonge St

McCowan

Stouffville Rd

E

G

City of Pickerin g

Key Maps

To wn of W hitby

Jefferson Sideroad

19 Ave

41

To wn of Ajax

21 22 23 24 25 26

Bethesda Sideroad

Major Mackenzie

F

Leslie St

n Rd

6

48

Keele St

Teston Rd

King Rd

Bloomington Rd

y Cr

D

Nashville Rd

Jane St

Weston Rd

Pine Valle

k Rd

Kirby Rd

404

400

Vandorf Sideroad Kennedy Rd

Woodbin e Ave

King-Vaughan Rd

C

McCowan Rd

Aurora Rd

Warden Ave

B

Bayview Ave

9 Concessio

Vivian Rd

St John's Sideroad

Langstaff Rd

76

47

Bloomington Sideroad

Cold Cree

12 Line Rd

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

1 2 3 4 5 6 7 8 Town9 of 10 11 12 13 14 15 16 17 18 19 20

Page

Finder

Markham

Denison St

Telephone TH* C* Price Range

GO.2

pembertongroup.com • Insert

E9

31 PEMBERTON GROUP

Yonge Parc

pembertongroup.com • Insert

12F

1

LIBERTY DEVELOPMENT CORP.

Cosmos III Condominiums

2

ROYAL PINE HOMES

Hampton Place

2

GERANIUM HOMES

Vista Flats and Towns at Cardinal Point

3

TRIBUTE COMMUNITIES

Varley

905-604-1477 • from $550,000 19F

4

TRIDEL CORPORATION

Renaissance of Richmond Hill

416-736-9500 • from $795,000 14E

5

LINDVEST

Grand Cornell Brownstones in Markham

6

ARMOUR HEIGHTS DEVELOPMENTS

The Sorrento

8

WYVIEW GROUP

Unionville gardens

9

PEMBERTON GROUP

Indigo Condiminiums

cosmoscondos.ca • 6G royalpinecondos.com • from $390,000 9C geraniumhomes.com • from $390,000 9C

905-294-6161 from $340,000 23F 289-637-1777 • from $400,000 13B

unionvillegardens.com • from $200,000 18F 905-553-1430 • from $450,000 9E

10 GREAT LANDS CORP.

The Beverly Hills Resort Residences 905-882-6636

11 DUKA DEVELOPMENTS

Oggi Boutique Townhomes

• from $277,000 12E

13 LIBERTY DEVELOPMENT CORP.

Legacy Park

15 GERANIUM HOMES

Pace on Main

16 PODIUM DEVELOPMENTS

University Studios

17 REMINGTON GROUP

York Condos Downtown Markham

905-948-9900 • from $650,000 1&F

31 PEMBERTON GROUP

Sky City

905-709-5700 • from $300,000 12F

31 PEMBERTON GROUP

Sky City 2

905-709-5700 • from $350,000 12F

32 45 CHARLES LTD.

Royal Gardens

905-889-9997 • from $303,000 15F

32 SIGNATURE COMMUNITIES

TAO Boutique Condos

905-597-2535 • from $364,000 15F

32 LIBERTY DEVELOPMENT CORP.

Royal Gardens

905-889-9997 • 15F

34 SIERRA HOMES

68 Main Street

905-305-0822 • from $250,000 21E

40 NOVA TRIMAX

Allegra

905-850-6866 • from $200,000 1F

41 QUADCAM DEVELOPMENT GROUP INC

Vista Parc Condominiums

905-850-8883 • from $200,000 3F

43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION

Grand Palace

905-907-4370 • from $250,000 12E

43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION

Grand Palace Phase I

905-907-4370 • 12E

43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION

Grand Palace Phase II

905-907-4370 • from $250,000 12E

44 LIBERTY DEVELOPMENT CORP.

Centro Square Condos

905-851-8887 • 5F

45 KYLEMORE COMMUNITIES

The 6th Angus Glen

46 PLAZA

The Met

47 TREASURE HILL HOMES

Urban Town Living in Pickering

treasurehill.com

48 THE GUPTA GROUP

Icona Condominiums

theICONA.COM • from $290,000 6G

49 CORTEL GROUP

Nord Condos

oggitowns.com • from $320,000 1G 905-731-8302 • 10G geranium.com

•

• from $520,000 10C

universitystudios.ca • from $150,000 25 B

905-887-9950 • from $625,000 19E pureplaza.com • from $660,000 6F • from $390,000 16A

nordcondos.ca • from $320,000 9F

*TH: Townhomes, Attention Builders - Want to add your community to our maps?

Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554

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JUNE 24 - JULY 8, 2017 | NEW CONDO GUIDE 77

INDEX OF ADVERTISERS Biddington Homes - Vita On The Lake

BC

Madison Group - Nobu Toronto

49

BC

Camrost - Felcorp - Corporate

1

Mattamy Homes - Vita On The Lake

Camrost - Felcorp - Blue Diamond at Imperial Plaza

1

Menkes Developments Inc. - 365 Church

Insert

Camrost - Felcorp - The Foxbar Collection at Blue Diamond

1

Menkes Developments Inc. - 87 Peter

Insert

Menkes Developments Inc. - Fleur

Insert

Menkes Developments Inc. - Harbour Plaza

Insert

Insert

ComFree - Promo

63

Concord Adex - Canada House Condos

14/15/36/37

Cresford Development Corp. - CASA II

IBC

Menkes Developments Inc. - The Eglinton Yonge at Heart

Cresford Development Corp. - CASA III

IBC

Parallax Development Corporation - Theory Condominium

Cresford Development Corp. - Corporate

80

39

Pemberton Group - Corporate

Insert

Insert

Cresford Development Corp. - Halo Residences on Yonge

IBC

Pemberton Group - Time and Space Condominiums

Cresford Development Corp. - The Clover on Yonge

IBC

Pinnacle International - Perla at Pinnacle Uptown

3

Cresford Development Corp. - VOX

IBC

Plaza - Mississauga Square

7

ELAD Canada - The Point

43

The Daniels Corporation - DuEast

13

Family of magazines - Promo

77

The Daniels Corporation - Wesley Tower

23

Focalpoint - Promo

61

Tridel Corporation - Bianca

Great Gulf - Corporate

5

IFC

Urban Capital - Harris Square

27

Lamb Development Corp. - Bauhaus

47

Urban Capital - Kingsway by the River

25

Lamb Development Corp. - Televison City

19

Urban Capital - Queensway Park

29

Lindvest - Model Suite of the Month

34

What’s Online - Promo

6

Lindvest - Super Sonic

35

YP Next Home - Promo

55/79

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BEAUTIFUL POSSIBILITIES ON THE HORIZON. If you love life, life will love you back; and when you live at Vita Two on the Lake, you’ll be surrounded by everything you could possibly love. At the foot of the Etobicoke waterfront, take advantage of the many trails, Lakefront restaurants and one-of-a-kind sunsets. Catch the breeze in your sails or birdwatch in Humber Park as you witness nature’s beautiful four-season production unfold.

When you want to head downtown, you’re just minutes away. There’s so much to love about life, and living at Vita Two on the Lake will give you the best of it. Visit us today.

@ MattamyHighrise

Visit us today.

Boutique condos now previewing.

From the mid $500’s.

Prices, specifications and promotions are subject to change without notice. E. & O.E. Illustration is artist’s impression.

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