GTA New Condo Guide - Jul 4, 2015

[ 4-WEEK ISSUE ]

July 4 - Aug 1, 2015 Volume 19 Issue 14

THE GTA’S GREATEST

CONDO home show

BY LIBERTY DEVELOPMENT

10 MODELS FOR VIEWING INSIDE INSIDE THIS THIS ISSUE

THE 10 COMMANDMENTS WHYQUI FOREIGN INVESTORSLAB IUMBRING CORUM VOLORER OBIS AUT ODIS EX ACES COTTAGE QUISQUIS OF MOVING DAY LOVE CANADIAN REAL ESTATE IAEPERO INCTUR PLIQUAS VOLO IUR REM QUI CUSA QUE TO NUSTHE ODIT STYLE CITY

The Queen West Effect.

From Vogue and The New York Times to the Lonely Planet, Queen West’s cool has officially become universal. #yass

SQ2 : A WORLD CLASS COMMUNITY Stretching 5.6 kilometres, Queen West is a patchwork of urban pathways connecting neighbourhood folk and friends from abroad to a heaping platter of diversity, culture, colour and creativity.

LIVE EN ROUTE When you need to get around or outof-town, Queen West offers connection at all corners. From subway stops to the streetcar, travelling afar or a few blocks has never been so convenient.

WEST OF EXPECTATION it’s along Queen Street West where the fashion-forward can find a pair of vintage levis, the latest look in espadrille sandals and the perfect lamp for an office den.

Pick up your SQ Magazine at the TRIDEL STORE at 519 Queen Street West.

tridel.com

SALES CENTRE GRAND OPENING

DIAMONDS ARE FOREVER JUST LIKE OUR VIEWS

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

VISIT US TODAY SALES CENTRE: 1499 YONGE ST. (N OF ST. CLAIR)

BLUEDIAMONDCONDOS.CA | 416-925-2501 FO L LOW U S :

@CAMROST

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

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

EDITOR’S NOTE

THINK YOU CAN’T AFFORD A HOME? THINK AGAIN.

SUSAN LEGGE Editor-in-chief

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

Much like that bank commercial that says, “You’re richer than you think,” a new home may be more affordable than you originally thought. Perhaps you need only to change your definition of “home” to get into the market.

While a detached home is the traditional choice for many, highrise and lowrise suites, lofts and townhomes have become a prime choice among first-time buyers and empty nesters in the market for new place to call “home.”

Not only do townhomes and condos afford you the opportunity to live in a prime neighbourhood at a great starting price, but when it’s time to up-size your home, you can often opt to remain in the same neighbourhood, which isn’t always the case for buyers in the single-detached market.

Today’s communities generally have a range of sizes and prices that start at the “affordable” end of the spectrum. Many builders and developers are celebrating grand openings and have new communities available for quick occupancy. It’s an exciting time to be shopping for a new place, so don’t miss this excellent buying opportunity.

Have a look through this issue and see what you think. The home of your dreams is waiting.

HOMEWORK FOR THE HOME HUNT

LYDIA MCNUTT Editor

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

2 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

A home is one of the biggest financial investments you’ll make in your lifetime, so it’s understandably intimidating for first-time buyers. But it doesn’t have to be. Get some professional help to ease the stress.

Start the process by speaking with a financial adviser to determine how much home you can realistically afford. This does not necessarily mean spending the amount you get pre-approved for by your bank or mortgage broker. If you enjoy dinners out or travels abroad, factor your lifestyle into the budget.

Next, think “location.” Where you choose to settle down will impact your lifestyle while you live there, and it will also affect the resale value if you ever choose to sell.

Condos are king across the GTA, from central downtown locations to the suburbs, so the pickings are plentiful. Again, factor lifestyle into your decision.

Do you rely on public transit to get around? Do you wish for greenspace nearby?

Perhaps you’d like to live close to family, or your workplace. Choose wisely – while you can change the look and layout of your home relatively easily, you can’t change its location.

And speaking of layout, study the floor plans and tour the model suites to evaluate the flow of space. If the layout doesn’t suit your lifestyle, either keep looking, or see if changes can be made. The beautiful thing about buying preconstruction is that your suite hasn’t been built yet, which means your preferences can often be built right in.

There are many more advantages to living in a brand new home. Read on and discover everything that new condo living has to offer!

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PRESENTATION LOUNGE 162 CUMBERLAND ST. (416) 519-2911

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

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 3

NEW CONDO GUIDE

CONTRIBUTORS PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge DIRECTOR OF SALES

Moe Lalani ASSOCIATE PUBLISHER SWO NEW HOMES

Susan Maxwell ART DIRECTOR

Daiana Garay EDITOR

Lydia McNutt CONTRIBUTING EDITORS

BILD REPORT

LEGALLY SPEAKING

DESIGNER ADVICE

Bryan Tuckey

Jayson Schwarz

Yanic Simard

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

Jayson Schwarz LL.M is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit the website at schwarzlaw.ca or email info@schwarzlaw.ca.

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

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

Yanic Simard

SENIOR SALES MANAGER

Conni Robinson SENIOR ACCOUNT EXECUTIVES

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

SALES & MARKETING CO-ORDINATOR

Terry Bassett ADMINISTRATIVE ASSISTANT

Antoinette Jackson NATIONAL CIRCULATION MANAGER

John Jenkins PRODUCTION MANAGER

CONDO PRO

STAT CHAT

Barbara Lawlor

Ben Myers

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

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

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

INVESTOR ADVICE

Andrew la Fleur

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

Bala Gnanapandithan PRODUCTION CO-ORDINATOR

Sandra Hanak-Vujnovic GRAPHIC DESIGNERS

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

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 ypnexthome.ca Call 416.626.4200 for advertising rates and information.

CIRCULATION Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices.

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

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

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

ADVERTISING

MAKE YOUR MOVE

MORTGAGE ADVICE

Chuck Resnick

Alyssa Richard

Chuck Resnick is vice-president of marketing and operations for Two Men And a Truck - Canada, a division of Heron Capital Corp. Visit online at twomen.ca or call 416.204.0007.

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

4 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

FUNDAMENTALLY SPEAKING

Wayne Karl

Wayne Karl is an awardwinning writer and editor with experience in real estate and business. Email him at Wayne.Karl@ypnexthome.ca or follow him on Twitter at Twitter.com/WayneKarl

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

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 5

URBAN LUXURY REIMAGINED

A condominium that lets you indulge all your senses. Magnificent suites with panoramic views and luxurious amenities designed to let you live life to the fullest. Luxury Condos from $229,990.

PR ESEN TATIO N G A LLERY OA K V IL L E K ER R ST. & SHEPHER D R D. 9 0 5 8 45 7246 EM PIR ESENSES.CO M

Live more at empirecommunities.com Prices, sizes and specifications are subject to change without notice. Please see sales representative for full details. Rendering is artist’s concept.

Exclusive listing brokerage TFN Realty Inc. Brokers Protected. E.&O.E. 6 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

For over 20 years, Empire Communities has been at the forefront of creating award-winning urban condominiums in prime GTA locations. With iconic architecture, elegant interiors and vibrant amenities, an Empire condominium offers an extraordinary fusion of luxury and style.

Own a piece of Toronto’s Waterfront with breathtaking, water-facing vistas and unrivaled resort inspired amenities. Luxury waterfront living from the mid $300’s.

PR ESEN TATIO N G A LLERY TO RO N TO 2183 L A K E SH O R E B LV D. WEST 416 503 3328 E AU D USO L EILCO ND OS.CO M

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 7

INTRODUCING THE

SOUTH TOWER AT CITYLIGHTS

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

CityLightsCondos.ca • 416.546.6605 Exclusive Listing Brokerages: Circle M Realty Corporation, Brokerage and Milborne Real Estate Inc. Brokers Protected. Prices and specifications are subject to change without notice. Illustration is artist’s concept E.&O.E JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 8

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

Erin Centre Blvd.

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Eglinton Ave. W.

MISSISSAUGA’S MOST STYLISH ADDRESS FROM THE $300’s 905.603.6300 PEMBERTONGROUP.COM SALES CENTRE: 4635 METCALFE AVE. HOURS: MON. - THURS. 12-7 PM, SAT. & SUN. 12-6 PM, FRI. CLOSED

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

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 9

CONTENTS

JULY 4 – AUGUST 1, 2015

VOLUME 19

ISSUE 14

COVER STORY

Development 20 Liberty launches The GTA’s Greatest Condo

Home Show website, condohomeshow.ca

COLUMNS / NEWS / FEATURES 2

Editor’s Note

4

Contributors

12 BILD Report Building communities where people play

by Bryan Tuckey

14 Home Sweet Home An affordable alternative to the GTA’s detached dilemma

by Lydia McNutt

16 Condo Pro Live the vacation lifestyle, all year round

by Barbara Lawlor 10 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

18 In The News Lanterra Developments welcomes you to Toronto’s next great park

38 Make Your Move Ten commandments and one golden rule

32 In The News Gibson Square now home to a beautifully landscaped park and garden

42 Q&A Making tracks in Midtown: We chat with Capital Developments’ Todd Cowan

33 Investor Advice Risks and rewards of buying pre-construction

by Andrew la Fleur

34 Homebuyers’ Help Buyers of condo conversions beware by Wayne Karl

by Chuck Resnick

by Lydia McNutt

44 Mortgage Advice What first-time homebuyers need to know before getting a mortgage

by Alyssa Richard

46 In The News Price gap between lowrise and highrise continues to widen

by Lydia McNutt

48 Stat Chat Record unsold condo units?

There’s more to that story

by Ben Myers

49 Legally Speaking Why foreign investors love Canadian real estate

by Jayson Schwarz with files from Evonne Finnegan LLB and Ernest Wong LLB

64 Tarion Report Common concerns of new-home owners

by Howard Bogach

68 In The News Emerald City unveils pencilcrayon inspired art

by Sonia Bell

70 In The News $60K – what Canadians pay in mortgage interest

by Wayne Karl

74 In The News Canadians choose the cottage over city getaway

by Olivia Bowden

78 Designer Advice Cottage country in the city

by Yanic Simard

84 Homebuyers’ Help What all new home buyers need to know

92 Fundamentally Speaking Toronto’s SmartTrack transit gets a big boost with federal funding

by Wayne Karl

96 In The News Your custom lifestyle awaits at Barrington condominium flats 104 Condo Watch 905 Previews, new releases and grand openings in the 905 106 In The News Empire Communities reaches new heights at Rain Condos in Oakville

88 Condo Watch 416 Previews, new releases and grand openings in the 416

108 Neighbourhood Profile Inside Mississauga City Centre

90 In The News Sail Condominiums launching soon at Victoria Park and Sheppard Avenues

113 Condo Buyers’ Resource Section

by Lydia McNutt

118 Advertiser Index

CONDO PROFILES

66 GERANIUM HOMES Pace on Main Inspired condo living in downtown Stouffville

76 BROOKFIELD RESIDENTIAL The Arbors Condos Coming this fall, register now for A-list access

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 11

BILD REPORT

Building communities where people play

By Bryan Tuckey

I

n every complete community, there are special places where people play.

Whether it’s a trail system to cycle on, parks where children run and climb or recreation centres that allow a range of activities for all ages – these spaces are major hubs and often the heart of their communities.

Let’s take a look at places where people play and explain that many come as a result of newly built communities.

There is a common misconception that new parks, trails and recreation centres are paid for by current residents through their property taxes.

However, in most cases across the GTA, that’s just not true. They are often funded through development charges, and other government fees, paid by new-home buyers when they purchase a new home.

Development charges are a tax imposed by local municipalities, as well as GO Transit and education boards, and are paid for by new-home buyers to help offset capital costs of growth-related municipal services like roads, sewers and parks. BILD advocates for fair and reasonable government fees and charges, and increased transparency and accountability around how the funds are collected and applied.

The building and land development industry also designs and builds, and in some cases pays for, play spaces for people to enjoy in the communities that are constructing.

For example, The Daniels Corporation’s City of the Arts project on Toronto’s waterfront will feature new arts and cultural spaces for businesses and non-profit organizations, as well as new shops, restaurants, a new pedestrian promenade and park that will provide a public gathering space for markets, festivals and more.

12 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Committing space and dollars to recreational projects is not confined to the city core.

In the western GTA, the Town of Milton is now home to the new Mattamy National Cycling Centre and it’s one of two internationally sanctioned timber tracks in Canada.

The track will first be used as a venue during the Toronto 2015 Pan Am Games and then open for public use.

The capital costs for the facility were primarily funded through development charges, federal grants and private donations, including a $2 million donation by Mattamy Homes. Specifically, about 25 per cent of the $56-million project budget came from development charges generated by new-home buyers, Mattamy Homes and other local developers and builders.

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

GOLD WINNER

INTERNATIONAL COMMUNITY OF THE YEAR

BY THE NORTH AMERICAN HOME BUILDERS ASSOCIATION

80% SOLD

WHERE EAST MEETS WEST

SALES CENTRE

YONGE ST.

In the heart of the city, in the midst of it all, a new spirit rises. TeaHouse 2 is the next phase of the award-winning condominium development that is re-imagining urban living with a distinctly Asian flair. Inspired by the cultures and traditions of the east, fashioned for modern life in cosmopolitan Toronto – welcome to your world in perfect harmony.

WELLESLEY ST.

BAY ST.

ASIAN INSPIRED CITY LIVING AT 501 YONGE FROM $280,900 VISIT THE NEW SALES CENTRE LOCATED AT 925 BAY ST.

BREADALBANE ST.

GROSVENOR ST.

SITE

CARLTON ST.

TEAHOUSECONDOS.COM 416.861.1111 New Sales Centre | 925 Bay St. at Wellesley Mon – Thurs: 12pm – 6pm, Sat & Sun: 12pm – 5pm, Friday & Holidays: Closed | Site Located at 501 Yonge St. Exclusive Listing Broker Milborne Real Estate Inc. Brokers Protected. Marketing Management by Anne Lambrou Living Visions Inc. Prices and specifi cations subject to change without notice. Illustrations are artist’s concept. E.&O.E.

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 13

HOME SWEET HOME

An affordable alternative to the GTA’s detached dilemma

By Lydia McNutt

H

ouses in Toronto and Vancouver have become very expensive, and according to RBC’s latest Housing Trends and Affordability Report – or ‘Unaffordability Report,’ as of late – prices for singledetached homes in these markets continued on their upward trajectory through the first quarter of 2015, with no end in sight. But that’s not the case across the map or for all housing types.

The trend? The hotter the market, the cooler the affordability rating. Albertans, Quebecers and Maritimers are faring better than Ontarians and our west-coast counterparts. So are condo buyers, including those in Canada’s hottest markets.

The ups and downs There were two big stories that dominated the headlines with a ripple effect on the housing market: “Oil prices hit the floor” and “Mortgage rates reach record lows.”

The oil slump softened home prices and eased affordability in oil-producing provinces, particularly in Edmonton and Calgary, says Craig Wright, senior vicepresident and chief economist at RBC. Low lending rates coupled with lower prices are making these markets a buyer’s paradise.

Meanwhile, in Toronto and Vancouver which are showing strong price gains, affordability took a hit as a result of increased activity and high demand due, in part, to low lending rates. RBC expects an eventual normalization of monetary policy, starting in Q2 of 2016, which means costs will rise and the affordability rating will continue to fall.

Affordability in Ontario RBC’s housing affordability index captures the proportion of pre-tax household income required to own and operate a home at current market value. The greater the measure, the worse the affordability. For example, a measure of 50 per cent means owning a home – including mortgage payments, utilities and property taxes – will eat up 50 per cent of a typical household’s pre-tax income. The higher the measure, the worse the affordability.

In Ontario, the measure for bungalows and two-storey homes rose by 0.3 percentage points to 45.5 and 51.7 per cent, respectively. Condos dropped by 0.2 percentage points, to a much more affordable 28.9 per cent.

Translation: Owning a two-storey home in our province will eat up 51.7 per cent of your budget.

According to Canada Mortgage and Housing Corp., 14 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Affordability Rule #1 is that your monthly housing costs shouldn’t exceed 32 per cent of your gross monthly income.

RBC attributes the affordability gap to the increase in multi-unit construction, “with about half as many single-family homes being built compared to 10 years ago. The relative scarcity of single-family homes in the face of growing demand, therefore, has fuelled stronger price increases compared to the well supplied condo segment.”

An affordable alternative With lending rates expected to rise and single-detached homes “inching towards risky levels,” as RBC notes in its report, what does this mean for homebuyers in Toronto? You’d be wise to buy now, while you still can. And with an affordability rating of 28.9 per cent, condos provide a viable, affordable alternative to the over-priced, overcoveted and increasingly out-ofreach single-detached.

Lydia McNutt is an award-winning writer and editor of New Condo Guide. Lydia’s love of architecture, interior design and the written word have landed her happily at home at Yellow Pages NextHome, where real estate rules. Email Lydia.McNutt@ypnexthome.ca, and follow her on Twitter @LydiasTweets

Uplifting news from Monarch.

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Lago | Ready 2016 Etobicoke Waterfront Under Construction Up to $35,000 Move-in Bonus* Size from 424 sq.ft. from the mid $200,000’s

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By Appointment: 416-495-3549

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discover more

MonarchGroup.net *Limited time offer, some conditions apply. Please ask a sales representative for details. Prices, specifications and promotions are subject to change without notice.

Rendering is artists concept and image is for mood and impression only. E.&O.E. June 2015.

PRESENTATION CENTRE: 2167 Lake Shore Blvd. W. Etobicoke, ON

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

RIVA IS RISING! Now Under Construction

Hurry in for our Celebration Incentives!

Riva del Lago is now under construction! To celebrate, visit the Presentation Centre today where you can receive up to $35,000 Move-in Bonus* along with FREE parking and locker.

Waterfront Boutique Condos from the $300,000’s

Riva del Lago Sales Centre: 2167 Lake Shore Blvd. W. Etobicoke Mon - Thurs: 12pm – 6pm, Weekends & Hol: 12pm – 5pm, Closed on Fri. 416.495.3544

GARDINER EXPRESSWAY Park Lawn Rd.

WE ARE NOW UNDER CONSTRUCTION

Lake Shore Blvd. W

Sales Centre Marine Parade Dr.

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MonarchGroup.net *Limited time offer. Prices, specification and promotions are subject to change without notice. Renderings are artist’s concept and images are for mood and impression only. E.&O.E. June 2015.

Lake Ontario

ARRIVING THIS FALL!

THE EVOLUTION OF ART, CULTURE, INNOVATION & LIFE. INTRODUCING...

DANIELS IS CHANGING THE

WATERFRONT

FOREVER

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

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

SUITES FROM $279,900 INER

GARD

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RVIS ST

E ST

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G YON

RVIS

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Get an inside look at an artsEXPY INER GARD inspired life on the waterfront.

E D LV RE B R SHO SHO LAKE LAKE Visit our presentation centre for a sneak peek!

EXPY

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LAKE ONTARIO

LAK ONT

REGISTER NOW! DANIELSWATERFRONT.COM 416.221.3939 INER

GARD

EXPY LAKE

LVD

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T ON S ARDS RICH

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LAKE ONTARIO

PRESENTATION CENTRE: 162 Queens Quay East Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artist’s concept. Prices and specifications are subject to change without notice. E.&.O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited.

Mon to Thurs: 11am-7pm, Weekends & Holidays: 12pm-6pm, Fridays: closed JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 15

CONDO PRO

Live the vacation lifestyle, all year round

By Barbara Lawlor

I

f buying and maintaining a cottage or vacation property outside of the GTA is financially and physically out of the question, consider purchasing a condominium instead. Yes, a condo can serve as a wonderful second home, whether it is nestled adjacent to a lake or golf course, or in an urban setting.

Use it as a pièd-a-terre for special times with family and friends, minus the worry and hassle of maintaining the property and its amenities.

And oh, the amenities! In addition to being the affordable choice in real estate, today’s new condos offer magnificent extensions of your living space in the forms of fitness facilities, theatres, party rooms, landscaped terraces, indoor and/or outdoor pools, games rooms. You get the beautiful picture. And remember that even if you purchase a compact suite, you have equal access to these common areas as the penthouse dwellers. Imagine being able to host a baby or wedding shower, birthday or anniversary party, or any other celebration in a glorious multi-purpose room right under your roof. There is no need to plan space for exercise equipment in your suite, when professional machines and aerobics/yoga/Pilates spaces are but an elevator ride away. Most condos even have a guest suite if you invite family or friends to stay over.

Vacation mentality reigns in the spectacular rooftop terraces many buildings feature nowadays. These urban oases can include anything from pools to outdoor kitchens, lounge chairs, cabanas, barbecues, dining areas, trellises, water features and more. Standing on a condo rooftop looking out over a lake, golf course, forested area, people bustling in and out of stores and restaurants, or brilliant city lights is magical.

Taking resort-style living to an all-time high, you might even choose a condo atop a five-star hotel as your vacation home base. How luxurious it is to tap into hotel amenities such as food delivery, valet, turn-down service, etc. from your own home!

Where to look for a condo? You will find condominiums going up close to highways and public transportation routes, which means they are likely a lot easier to get to than fighting cottage and airport traffic throughout the seasons. Once you are at your condo, chances are, you will be able to walk to the very attractions that attract you, whether they involve playing a round of golf, sailing into the sunset, or indulging in dinner and a show in downtown Toronto. At the most, these fabulous venues are a quick cab or subway ride away. Think of a condo as your home base for fun.

The condo you select can also be a great home base for your furry friends, and let’s face it – many people consider their pets part of the family and would not consider holidaying without them. Most condominiums are situated close to parks and green spaces where you can take your dog for walks, and many even offer pet grooming rooms and spas among their amenities. It’s great to clean off your pet’s paws before entering your suite.

You can own the luxury of a condo for affordable prices, which is especially important if this is your second residence. Check out what a detached home anywhere in the GTA, a cottage in Muskoka, a residence on the beach in 16 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Taking resort-style living to an all-time high, you might even choose a condo atop a fivestar hotel as your vacation home base Florida or a ski chalet in Whistler would cost you.

Best of all, a condo in the GTA affords you more opportunity to enjoy whatever leisure time you have, rather than eating it up with traveling, mowing lawns, shoveling snow, cleaning pools, etc. It’s the perfect vacation property!

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

Model Suite Photo Compliments of Monarch Corporation.

www.monarchgroup.net

Riva del Lago model vignette. Resort style living at Monarch’s Etobicoke waterfront community.

JULY2015

Monarch Corporation has been featured as “MODEL SUITE OF THE MONTH” as seen in the New Condo Guide model suite calendar

IN THE NEWS

Lanterra Developments welcomes you to Toronto’s next great park NEW 1.5-ACRE PARK AT 11 WELLESLEY GROWS FROM DREAM TO REALITY

K

nown as one of Toronto’s most prolific condominium developers, Lanterra Developments has created some of the city’s most iconic buildings including Ice Condos, Maple Leaf Square and the Toy Factory Lofts. But their latest project, 11 Wellesley on the Park, is redefining downtown living with a bit of colour – green to be exact.

Located in the heart of Toronto’s Bay Yonge Wellesley District, Lanterra teamed up with Toronto City Councillor Kristyn Wong-Tam and local residents on a unique development agreement that allowed for the creation of a 1.5-acre urban public park at the base of 11 Wellesley – a striking new 60-storey tower designed by KPMB Architects and Page + Steele/IBI Group Architects.

Prior to the Lanterra acquisition, the site on Wellesley between Yonge and Bay was the focus of tremendous effort by local residents and politicians who advocated for the vacant lot be dedicated as park land. As a result of the unique development agreement, Lanterra was able to utilize a small portion of the site for its condo tower while allocating the majority of the land into a lush, urban green space.

The result? The best of all worlds – a satisfied developer, happy councillor and thrilled community.

“The ability to deliver a park of this magnitude in the heart of the city is a rare victory,” says Barry Fenton, president and CEO of Lanterra Developments. “Working hand-in-hand with the local community and City staff, we were able to create what will one day be the crown jewel of this exciting neighbourhood and the downtown core.”

The recent start of construction at 11 Wellesley marks the first step toward realizing the park as it embarks on the design process, which will feature input from the developer, its landscape architecture firm NAK Design Group, as well as the councillor’s office and local stakeholders.

Once complete, the urban park will feature an elegant public promenade and beautifully landscaped pathways surrounded by flower gardens and open lawn space. Ground-floor retail will animate the space and create a harmonious relationship between the park and the building.

Launched in early 2013, 11 Wellesley was one of the most successful condos of the year. Its distinct exterior 18 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

boasts curved corners and a series of sloping balconies that gracefully transition to the space below. From above, residents will enjoy one-of-a-kind views of the park and open sightlines to the city.

With interior designs by Munge Leung, each of the 739 suites will feature open-concept layouts with organic finishes and access to the uniquely curved balconies or terraces. 11 Wellesley on the Park offers a wide variety of suite layouts, ranging from a functional 300-sq.-ft. studio to a spacious 924-sq.-ft. two-bedroom-plus-den design.

In addition to the inviting park right outside their doors and the endless entertainment options along Yonge Street, residents at 11 Wellesley on the Park will enjoy access to an abundance of amenities including a fitness centre complete with a yoga and aerobics studio, a spa facility with dry sauna and steam rooms, an indoor pool, and a pet spa to name just a few.

“11 Wellesley on the Park sets a new standard for downtown living,” adds Mark Mandelbaum, Lanterra Developments’ chairman. “Its striking design, modern interiors, upscale amenities, and access to a notable greenspace has left other buildings envious and made potential buyers take notice.”

For your chance to live the park life, visit the presentation centre at 925 Bay St., or go to 11wellesley.com

LIVE IN A MODERN DAY MASTERPIECE THE BELVEDERE 2002 sq.ft. | 2 bedroom + den Starting from $1,591,900 (includes parking) Magnificent views of the river and waterfall

BONUS PACKAGE 1 Additional FREE Parking Space 2 FREE Storage Lockers $2,000 Gift Card at the Old Mill Inn & Spa

BALCONY

ONLY 3 SUITES REMAIN! BUY WITH JUST 5% DEPOSIT*

14’-3”

DEN/ FAMILY ROOM

An aristocratic residence on the banks of the Humber River where history and nature co-exist in harmony. Magnificent suites with grand interiors, gourmet kitchens and luxurious ensuites. Gorgeous amenities include the sophisticated lobby, indoor pool, terrace, party room with caterer’s kitchen, fireplace lounge, exercise, steam and change rooms.

LIVING

8’-0”

10’-11”

CONDOMINIUM COMPLETED AND REGISTERED - MOVE IN NOW 23’-2” POWDER

DINING

CLOSET 15’-10”

FOYER

FRIDGE

PANTRY

INDOWS AT D FLOOR ONLY

CLOSET FOYER

OVEN

W.I.C.

LINEN

11’-2”

W

LAUNDRY

D

13’-0”

ENSUITE

CLOSET

13’-2”

CLOSET

CLOSET

KITCHEN

13’-3”

CLOSET

10’-4” MASTER BEDROOM

ENSUITE 14’-2”

9’-11”

SITE 2nd - 7th Floor

RD. ILL DM OL OLD MILL INN

JANE STREET

03

OLD MILL DRIVE

BEDROOM

BLOOR STREET WEST

JANE STREET

SITE

RD. ILL DM OL OLD MILL INN

OLD MILL DRIVE

BLOOR STREET WEST

30 OLD MILL ROAD, TORONTO MONDAY - WEDNESDAY: 12PM - 6PM SATURDAY & SUNDAY: 12PM – 5PM, THURSDAY, FRIDAY & HOLIDAYS: CLOSED

416.766.7343 www.riverhousecondos.ca

*Deposit structure: $5000 with the offer, balance to 5% in 30 days, balance on closing. *Please speak to Sales Representative for full details. Exclusive Listing Broker Milborne Real Estate Inc. Brokers Protected. Marketing Management by Anne Lambrou Living Visions Inc. Prices and specifications subject to change without notice. Promotions may be changed and/or cancelled at any time without notice. Gift Card for The Old Mill Inn & Spa may be limited to specific services. Illustrations are artist’s concept. E.&O.E.

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 19

COVER STORY

Designer Model Suite at Royal Gardens by Liberty Development

Liberty Development launches The GTA’s Greatest Condo Home Show website CONDOHOMESHOW.CA OFFERS PURCHASERS A SECOND CHANCE AT THEIR FIRST CHOICE

LIBERTY DEVELOPMENT IS AMONG the leading developers of new condominium communities in the GTA, with multiple industry awards, and thousands of pre-construction sales. Liberty’s buyers have seen the benefits of buying brand new while enjoying the security and peace of mind that builder warranties and Tarion certification provides.

However, while Liberty continues to enjoy record sales figures for pre-construction units, the developer recognizes that some of today’s 20 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

potential buyers looking for shorter occupancy schedules remain reluctant to buy. These buyers often see the resale marketplace as their only option, despite knowing that with resale, they sacrifice the consumer protections available only through builder sales.

“Unfortunately, there are still some potential buyers looking for immediate occupancy that are willing to risk the protections that come with buying direct from the developer,” says Marco Filice, senior vice-president and general counsel at Liberty Development. “We believe that those seeking immediate gratification – the ability to buy and move into their new homes within days – shouldn’t be forced into the secondary market to find satisfaction.

“Liberty is in the unique position of having a variety of prime suites – ready for immediate occupancy – in some of the GTA’s most desirable locations. Brand new, never occupied residences that offer the protections and warranties buyers deserve.”

With an unparalleled selection of move-in ready product at its World on Yonge, Royal Gardens, and Terrace on Danforth communities, Liberty is making the process for those ready to move even easier by introducing a unique, web-based platform, called The GTA’s Greatest Condo Home Show (condohomeshow.ca).

A content rich, multi-media website for new homebuyers and sales agents alike, The GTA’s Greatest Condo Home Show allows potential buyers to ‘virtually’ visit a range of Liberty developed condos, all ready for occupancy.

With easy navigation, the userfriendly site acts as a ‘virtual’ sales centre, giving visitors an intimate glimpse into their future home.

With actual photos and video clips, The GTA’s Greatest Condo Home Show offers potential buyers all the information they may need, including suite sizes, layouts, pricing data and incentive or promotional information, combined with real-time capabilities to book an appointment with a trained sales professional.

“Move-in ready suites were the condo industry’s best kept secret, until now,” says Jeanne Kim, a sales associate at Liberty’s award-winning World on Yonge site. “With Liberty’s new site, the secret is getting out!

“Those of us in the condo sales industry know that there’s a segment of the market that wants to touch and feel the product, negotiate their purchase, and occupy right away.

They also want to enjoy full new home warranty protections. For this type of buyer, The GTA’s Greatest Condo Home Show represents a tremendous opportunity.”

Pointing to World on Yonge, Jeanne Kim explains that while construction is finished “there are still a handful of amazing suites to buy. Through the Condo Home Show, interested purchasers will be able

Visit condohomeshow.ca for more information on Liberty Development’s ‘move-in ready’ suites to virtually tour the community, connect with a sales representative, buy and move in… within days!”

With a large selection of move-in-ready Liberty Development condo suites on the website, visitors to condohomeshow.ca will be provided with a wealth of information upfront. Upon making an inquiry or booking a showing, Liberty intends to have a dedicated senior sales agent respond within hours, ready to help buyers purchase their new home immediately.

“Liberty Development is committed to helping individual buyers and agents succeed,” says Anita Woo, broker of record of City Plus Realty Inc. Brokerage. “Their new website delivers electronic registrations and booking requests directly to their experienced sales agents, provides detailed suite information to customers within hours, and offers customized appointments.”

To help celebrate the launch of The GTA’s Greatest Condo Home Show, Liberty Development will offer $500 toward moving truck expenses to the first 10 purchasers who use the site.

For more information on Liberty Development’s ‘move-in ready’ suites at World on Yonge, Royal Gardens, and Terrace on Danforth, visit condohomeshow.ca

Model Suite at Parkside Towers, B1/B2 at World on Yonge by Liberty Development

Designer Model Suite at Terrace on Danforth by Liberty Development

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 21

SEEING IS BELIEVING AT DANIELS HIGHPARK! COME EXPLORE OUR DESIGNER MODEL SUITES!

PH

O

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RA

PH

Y

AC OF

TU

AL

M

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U LS

ITE

MOVE IN THIS YEAR!

SUITES FROM

$299,900 NEW DESIGNER MODEL SUITES NOW OPEN Explore our fully-furnished, theme-decorated suites, intended to suit a variety of lifestyles – from nature enthusiasts to world travelers, and even dog lovers!

Overlooking Toronto’s largest urban park, nestled on the edge of the trendy Bloor West Village, and up the street from two TTC stations, we think you’ll find HighPark Condominiums’ smorgasbord of conveniences truly sweet! And, for a limited time only, we’re offering some pretty “suite” deals on selected suites…up to $25,000 cash back, 5% down, and a parking and locker combination for only $9,800!

$

UP TO $25,000

CASH BACK

*

BUY WITH

5%

DOWN*

PARKING & LOCKER

$9,800

*

MODEL TOURS EVERY WEDNESDAY AND SATURDAY BY APPOINTMENT ONLY!

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

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

danielshighpark.com

24 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

LOCATION IS EVERYTHING.

YONGE & BLOOR

QUEENS QUAY & SHERBOURNE

YONGE & RICHMOND

$580,000s

$320,000s

$340,000s

• Only 10% down • Direct access to subway lines • Now under contruction • Move in next year!

• Now under construction • Experience the best of city and waterfront living • OHBA High-rise of the year

• Last chance at pre-construction pricing • Steps to the PATH, Eaton Centre and subway • BILD and OHBA project of the year • Construction starts fall 2015

By appointment

For over 35 years Great Gulf has been building homes. Over 40,000 families across Ontario are now living in a Great Gulf community. Visit our sales centres today.

Illustrations are artist’s impression. Prices, sizes and specifications subject to change without notice. E.&O.E. Exclusive Listing: Backer Real Estate Incorperated, Brokerage, Brokers protected. Offers valid on select suites only and are limited time only.

Offer subject to change or withdrawal without notice. See sales representative for details.

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 25

MOVE IN NOW TO YORKVILLE LUXURY

EXQUISITE GRANITE COUNTERTOP

MOVE IN NOW

STYLISH UNDER VALENCE LIGHTING

UPGRADE TO A NEW STANDARD AT CHAZ YORKVILLE, WHERE WE’VE RAISED THE BAR WITH STANDARD LUXURY APPOINTMENTS THAT TAKE SOPHISTICATED LIVING TO A NEW HIGH.

INNOVATIVE BACKSPLASH STORAGE

THE PREMIUM IN-SUITE EXPERIENCE IS ONLY MATCHED BY THE INCREDIBLE BUILDING

PREMIUM CARTIER KITCHEN

AMENITIES SUCH AS THE SPECTACULAR CHAZ CLUB ON THE 36TH AND 37TH FLOOR,

BUILT-IN CABINET FRIDGE

HOTEL-STYLE LOBBY, LANDSCAPED COURTYARD AND MORE. ADD A FANTASTIC LOCATION, STEPS TO 2 SUBWAY LINES, UNIVERSITIES, MUSEUMS, RESTAURANTS, SPAS AND SALONS. THIS IS CHAZ YORKVILLE LIVING AT ITS MOST SUBLIME.

FOR A COMPLETE LIST OF THE MANY EXCEPTIONAL STANDARD FEATURES

MODEL SUITE NOW OPEN! SOPHISTICATED YORKVILLE LIVING FROM THE $400’s CLOSING CREDIT & FURNITURE PACKAGE VALUED UP TO $35,000*

PLEASE VISIT CHAZYORKVILLE.COM DUPONT ST. YORKVILLE AVE. CHURCH ST.

CHAZYORKVILLE.COM | 416.922.0045

U OF T

YONGE ST.

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

BAY ST.

AVENUE RD.

SALES CENTRE AT 45 CHARLES ST. EAST: SUITE 203

BLOOR ST.

45 CHARLES ST. E. ISABELLA ST.

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

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

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 27

28

29

Pure Choice.

Pick your preferred destination today and MOVE IN NOW!

Pure convenience A truly exceptional place to celebrate life in the heart of Liberty Village. Live moments from the Rogers Centre and Air Canada Centre, the Martin Goodman Trail, cultural events at Harbourfront, and the King West theatre district.

Pure luxury You’re just steps from all the best amenities, shopping, transit, dining, world-class entertainment, and of course Toronto’s downtown core. The Tower is a place that welcomes you with a grand yet personal sense of home.

Pure character Be par t of this vibrant downtown neighbourhood that seamlessly combines landmark 19th century buildings with today’s finest restaurants, boutiques, enter tainment and the famous St. Lawrence Market.

Pure freedom A cornerstone in the burgeoning Fort York neighbourhood, West Harbour City offers the best that life has to offer: recreation, transportation, shopping, dinin g an d a s t unnin g p ale t t e o f exceptional lifestyle amenities.

One of Toronto’s top condominium builders with over 3,200 sales in the last three years. *Prices and specifications subject to change without notice. Plaza® and Pure Plaza® are registered trademarks of Plazacorp Urban Residential Communities and used under license. All rights reserved. E.&O.E. June 2015. 25654

30 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Pure opportunity.

PLAZA COMMUNITIES: MOVE IN NOW

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

NOW UNDER CONSTRUCTION

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

NOW OPEN

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

COMING SOON

The Met at Vaughan Metropolitan Centre Vaughan across from the NEW TTC Subway Station Theatre District Tower on Adelaide 170 Spadina at Queen

register at pureplaza.com Presentation Centre Hours: Mon–Thurs: 12pm–6pm Fri: Closed Weekends & Holidays: 11am–5pm

Keep updated by following us:

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 31

IN THE NEWS

Gibson Square now home to a beautifully landscaped park and garden

M

enkes Developments has earned a reputation for being a leading Green developer, committed to innovative and sustainable environmental initiatives – and now, they’ve taken green building to the next level.

At the corner of Yonge Street and Park Home Avenue, the award-winning developer has created a spectacular 0.75-hectare public park as part of the successful Gibson Square development. Set against the vibrancy of Yonge Street, this spectacular greenspace adds much-needed tranquility to the heart of North York.

“It’s not every day that you get the opportunity to create a lush and inviting park in one of Toronto’s most sought after neighbourhoods,” says Alan Menkes, president of Highrise Residential, Menkes Developments Ltd. “We recognized how important greenspace is for urban homeowners, and working together with City staff and the local community, we managed to deliver a magnificent public space that exceeds expectations.”

Designed by Sibylle von Knobloch and her team at award-winning landscape architecture firm NAK Design, Gibson Park is comprised of a parkette at the corner of Yonge and Park Home Avenue, and a larger park and garden space to the west.

As an ode to the site’s history as a former apple orchard, the original Tolman Sweet Apple tree now sits at the centre of the parkette, surrounded by ample seating.

The larger park situated along Park Home Avenue features pathways meandering through three distinct spaces: an apple orchard that acts as a forecourt to the Gibson House Museum; a central plaza that features colourful perennial gardens and heirloom roses; and an open lawn ideal for family picnics or an afternoon break.

And while this beautiful greenspace was created for the enjoyment of the entire neighbourhood, it is the residents of Gibson Square who will reap the greatest rewards.

“Outdoor space for residents at Gibson Square won’t be confined to their balcony, but instead will have a park as their backyard,” adds Alan Menkes.

“More importantly, homeowners will enjoy spectacular views overlooking the park and gardens – especially from impeccably designed penthouse suites.”

Designed by Rafael Bigauskas Architects Inc., the two 42-storey towers bring the ultimate in penthouse living to the heart of North York. Boasting superior features and finishes and stunning panoramic views overlooking Gibson Park and the Toronto city skyline, the penthouse collection at Gibson Square includes some of the building’s best layouts and will be buyers’ last chance to join the community.

Located on floors 35 through 42, penthouse suites will feature soaring nineand 10-ft. ceilings, expansive terraces or balconies, a choice of plank laminate flooring in principal rooms, top-of-the-line appliances, and ensuite stacked washer and dryer, with superior interior finishes to complete the upscale suites.

32 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Ranging in size from a spacious 1,313 sq. ft. to an expansive 1,926, sq. ft., prices for this exclusive collection range from $836,990 to $1,350,990.

In addition to more than 20,000 sq. ft. of recreational and entertainment amenity space available within the condominium and the public park, Gibson Square is at the centre of a vibrant and cosmopolitan city centre. Surrounded by restaurants, cafes, banks, shopping and more, Gibson Square boasts convenient underground access to the North York Centre subway station making getting around the city a breeze.

For more information or to experience the brand new penthouse model suites designed

by Bryon Patton and Associates, visit the presentation centre located at 4954 Yonge St., visit menkes.com, email condoa@menkes.com, or call 416.730.9722.

MOVE IN NOW! Construction Starting Peter & King, Toronto Starting from $343,990 416.591.7700

Coming Soon Yonge & Eglinton, Toronto Register now at menkes.com

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

Your life storey starts here.

Construction Starting Church & Carlton, Toronto Starting from $248,990 416.591.7700

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

Move In Now Yonge & Park Home, North York Starting from $429,990 416.730.9722

Under Construction York & Harbour, Toronto Starting from the mid $300’s 416.591.7700

New Release Evans Ave. + Brown’s Line, Etobicoke Starting from the mid $500’s 416.259.2525

Register your interest at menkes.com facebook.com/MenkesLife

@MenkesLife

Prices and specifications are subject to change. E.&O.E. July 2015. 27094

MAKING M AKING OWNERSHIP OWNERSHIP VERY VERY E ASY EASY

MOVE ININ NOW! MOVE NOW!

OUR OURM.O.V.E. M.O.V.E. PROGRAM PROGRAMISISBACK BACK MM AKAK ING INGOWNERSHIP OWNERSHIPV ERY V ERYE ASY E ASY

Bryon Patton Designed suites Bryon Patton Designed suites

AVAILABLE AVAILABLEFOR FORTOURING! TOURING!

Gibson Square is North York’s perfect condo address, withwith direct access to Empress Walk Gibson Square is North York’s perfect condo address, direct access to Empress Walk Shopping Centre andand North York Centre Subway Station.

Shopping Centre North York Centre Subway Station.

SPACIOUS PENTHOUSE SPACIOUS PENTHOUSE RESIDENCES AVAILABLE RESIDENCES AVAILABLE

LIMITED NUMBER OFOF LOWER LIMITED NUMBER LOWER LEVEL UNITS AVAILABLE LEVEL UNITS AVAILABLE

1,313 sq.ft. to 1,926 sq.ft.

1,313 sq.ft. to 1,926 sq.ft.

Starting from $836,990 Starting from $836,990

746746 sq.ft. to 1,025 sq.ft. sq.ft. to 1,025 sq.ft.

Starting from $429,990 Starting from $429,990

MENKES SALES CENTRE MENKES SALES CENTRE

4954 Yonge Street, South of Mel Lastman Square 4954 Yonge Street, South of Mel Lastman Square HOURS: HOURS: MonMon - Thurs 12 -12 6 pm | Closed Friday - Thurs - 6 pm | Closed Friday Sat Sat & Sun 12 5 pm & Sun 12 - 5 pm

416.730.9722 | menkes.com 416.730.9722 | menkes.com

facebook.com/MenkesLife facebook.com/MenkesLife @MenkesLife @MenkesLife See sales representative for details. Prices and See sales representative for details. Prices and specifications are subject to change. E.&O.E. July 2015. specifications are subject to change. E.&O.E. July 2015.

INVESTOR ADVICE

Risks and rewards of buying pre-construction

By Andrew La Fleur

You are effectively buying a contract with the hope that one day this contract will become a piece of real estate that is worth more than the price you paid for it

I

nvesting in a pre-construction condo is not without risk. You are effectively buying a contract with the hope that one day this contract will become a piece of real estate that is worth more than the price you paid for it.

A lot can happen in three to five years while your condo is being built.

Here are two tips to help ensure your investment is a successful one.

1 | Always buy below market value Your goal should always be to buy something that will increase in value, and the best way to do that is to buy something that is priced below the current market value of a similar resale property. For example, if a one-bedroom across the street in a brand new completed building sells at $300,000, and you can buy a similar one-bedroom in a pre-construction condo at $285,000, then you are well insulated from any market fluctuations over the next few years and you are positioned to have a property that is worth more when completed than when you bought it before construction start.

2 | Always buy cash-flow positive Investing in real estate is not a get rich quick scheme, but it is how most of the world’s wealthiest people have earned their fortunes. The best real estate investors always buy for the long term. I always encourage my clients to take the long-view approach when buying pre-construction and to plan on renting their unit out for at least one year (preferably more) after the completion of the building. Flipping before project completion (assignment) is a highly risky strategy and should be considered only as a back-up plan.

With this in mind, you should only buy a pre-construction condo that will provide you with positive or break-even cash flow with the standard 20 to 25 per cent downpayment. If at the current valuation and given current market

rates for rents, you cannot reasonably expect to cover all your expenses, then stay away!

If you do your homework before buying by following these two tips you will be in great shape for years to come.

Andrew la Fleur is an awardwinning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto Condo Market.

Visit TrueCondos.com/ NewCondoGuide for a free gift.

Contact Andrew at 416.371.2333 or andrew@truecondos.com

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 33

HOMEBUYERS’ HELP

Buyers of condo conversions beware

By Wayne Karl

C

ondo conversions can be an inviting purchase – often beautiful, old and dormant heritage buildings with lots of character brought back to life as modern condominiums. But buyers of these units should beware – you are not covered by Tarion Warranty Corp.

Toronto has plenty of examples of condo conversions, from the Tip Top Lofts to the Toy Factory Lofts to the Union Lofts. Even Guelph and Hamilton are getting in on this increasingly popular housing option.

There are lots of benefits – including retaining the historical context and unique characteristics of a building.

But there can also be challenges – from limitations in design to approvals and construction issues.

And even though recent proposed changes to the Condominium Act may provide some protection in the future, there’s no guaranty that will happen.

“The recent proposed changes to the Condo Act, announced in May, include that Tarion will be providing limited coverage on condominium conversion units in the future (if and when proclaimed),” Howard Bogach, president of Tarion, told YPNextHome.

“As an increasingly popular homebuying option that contains many new components, Tarion believes that these homebuyers should also receive protection, similar to that of all new homes in Ontario. We will work with the government on this initiative.”

34 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Currently, many buyers are not aware that Tarion doesn’t cover condo conversions.

So when owners call the organization’s contact centre looking for assistance, there’s very little Tarion can do – other than recommend they discuss the issue with their builder, and failing that, a condominium lawyer. There are protections in the Condo Act that may apply to condominium conversions.

“It depends what stage of ownership they are at,” Bogach says. “If they are considering a condo conversion unit, they should read all agreements carefully. We recommend working with an experienced real estate agent and a lawyer.

“If they have recently moved in, owners should always contact their builder for assistance first. They may also contact their lawyer in certain circumstances if it appears a satisfactory resolution to an issue can’t be achieved.”

It’s important for buyers of any new home to research their builder, but especially so for those thinking of buying a condo conversion.

“Although there is currently no statutory warranty coverage for conversion projects, check the Ontario Builder Directory on tarion.com to see if your builder is registered,” says Bogach. “You may also want to speak to other homebuyers and ask about the builder’s after-sales service. Finally, homebuyers should ask their builder if they provide their own warranties on these projects.”

Buyers should also inquire about what aspects of the building are new and which will incorporate existing features. Ask about reserve funds – money set aside for special, unknown expenditures in the future – and whatever is set aside to address depreciation.

“I would always recommend you review your Agreement of Purchase and Sale with an experienced condominium lawyer prior to the mandated cooling off period expiring.”

A boutique urban

statement.

AT BAYVIEW VILLAGE

MODERN CONDOS AT BAYVIEW VILLAGE NEXT TO THE SUBWAY Fashion, elegance and luxury living come together at the Village Residences. Live in a prestigious neighbourhood across from Bayview Village and steps from TTC, parks, schools, highways and more. Welcome home.

REGISTER FOR PRIORITY PREVIEW www.VillageResidences.ca *All prices, figures, sizes, specifications and information are subject to change without notice.

E.&O.E. All illustrations are artist’s concept only. ©2015 Liberty Development Corporation.

Brokers Protected. All rights reserved.

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 35

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*As per price list. Limited time offer. Offer based on select number of units.

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Prices, specifications, and availability are subject to change without notice.

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MAKE YOUR MOVE

10 commandments and one golden rule

By Chuck Resnick

E

ven at the best of times, moving day can be stressful for everyone involved. Whether you are moving into or out of a condominium, lowrise home or a commercial property, a move involves trucks, boxes, packing materials, workers and a certain amount of organized chaos.

As with any major event, preparation is key. There are certain things to do on moving day to make things go as smoothly as possible. The first is to be sure to bring your manners with you. Think of the following tips as your 10 commandments on moving day: 1. Let your neighbours at both ends know when to expect the movers to pull into your place. Ensure that the movers park and unload to avoid blocking anyone else’s driveway or trespassing on other property while items are being carried into or out of your new place. It is important to respect your neighbours’ privacy and property.

38 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Continued on page 40

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*The First Home Boost Program is only available on a limited number of suites.**Conditions apply. Parking and locker incentive are only available on a select number of home types. Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artist’s concepts. Prices and specifications are subject to change without notice. E.&O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited.

MAKE YOUR MOVE...continued

8. Most moving companies are good about removing packing materials, crates, boxes, etc. when they leave.

If anything is left behind, collect it yourself and dispose of it.

9. As items are moved out of rooms, take advantage of the opportunity to sweep, mop and clean what you can. Think about how you would like to find the place you are moving into and act accordingly. Some people hire cleaners to come in and work their magic before turning in the keys over to the landlord or the new owners. You may even want to check your lease – some leases and tenant agreements stipulate the condition of cleanliness and you don’t want to be sent a bill from your old landlord because you didn’t fulfil your obligations at your old home when leaving.

2. If you are booking a residential move and have the choice, select 9 or 10 a.m. for your truck to arrive. This is a time when people who work the 9-to-5 shift are not at home, and you are less likely to cause them any inconvenience.

3. Everyone wants to move at the same time, but this can tie up the elevators and make it impossible for residents to come and go, so instead of chaos, the property management will book a block of time for you to move. Book the elevators well in advance – in both the building you are leaving and the building you will be moving into – so that you can have the benefit of arranging your time comfortably. You should also check to see if movers are restricted to using specific doors. Sometimes there are service areas to use for moving so that the rest of the tenants aren’t disturbed or inconvenienced, or to accommodate large, heavy pieces of furniture.

10. Keep your cool. By moving day, you are likely to be tired and worried about all your items arriving at your destination without any damage.

So, it’s all about common courtesy – treating others the way you would like to be treated – and it works both ways. That’s why at Two Men and a Truck we follow the golden rule. We treat everyone the way we would want our grandmothers to be treated.

4. Make arrangements for your pets to be cared for elsewhere. The very nature of a move means that doors will be open for long periods, and having animals wandering in and out can be dangerous for them and for those carrying your belongings.

5. If the movers are playing a radio, ask them to keep the volume down to avoid bothering small children or elderly neighbours who may want peace and quiet.

6. The physical nature of moving means that your movers will get thirsty and hungry. Although it is not necessary, offering cool drinks and some snacks is always greatly appreciated. Cold water and pop during the summer can go a long way to keeping movers refreshed and energized.

7. Most people wonder about whether to tip movers. Tipping is not compulsory in our industry, so it is totally up to you. If you feel your moving crew has done an exemplary job, by all means, show your appreciation that way. Whether or not you tip, you should expect excellent service.

40 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Chuck Resnick is vice-president Marketing and Operations for Two Men And a Truck - Canada.

Visit twomen.ca

41

Q&A

Making tracks in midtown

By Lydia McNutt

M

idtown is the talk of the town, thanks to its roster of amenities, employment, transit links, and the rising value of real estate. Yonge & Eglinton’s transformation has been nothing short of awesome, and even so, it’s still in its infancy. YP NextHome chatted with Todd Cowan, managing partner at Capital Developments, about this new development hot spot, traffic and transit, and what lies ahead.

YP NextHome: Why has Yonge & Eglinton become so popular for new condo and office development?

(Capital Developments should know, with three projects now in the works.)

42 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Todd Cowan: It’s become such a hot spot as a result of a convergence of a few factors: • Public transit: The Eglinton Crosstown is the cornerstone of the $8.4-billion investment being made by the Government of Ontario. Once complete, it will make Yonge & Eglinton one of few anchor transit hubs in the GTA, and will significantly elevate and transform its level of importance within the City of Toronto.

• City planning: Yonge & Eglinton is one of few areas planned as an urban growth centre, whereby the planning guidelines support significant intensification.

• Vibrant neighbourhood: While many other parts of the city poised to experience significant population growth may lack the necessary neighbourhood infrastructure to support the boom, Yonge & Eglinton is one of Toronto’s most established neighbourhoods.

It is home to some of the city’s greatest public and private schools, community centres, public parks, and a wealth of entertainment, retail and service amenities.

• Employment growth: Yonge & Eglinton is already home to many significant Canadian employers, and this number will continue to grow as new office builds are developed in the area. When the Eglinton Crosstown is completed, the neighbourhood will be easily accessible from anywhere in the city.

YPNH: Do you foresee traffic issues with all this new high-density development coming soon?

TC: The density associated with the future development at Yonge & Eglinton will be significantly less than other parts of the city, including the downtown core, which exist without major traffic problems.

The typical residents of the newly built condos in the Yonge & Eglinton area are not heavily dependent on cars for their personal transportation. The completion of the Eglinton Crosstown, in addition to the existing Yonge-University subway line, will further alleviate this situation and we don’t foresee any longterm traffic problems.

YPNH: How do you envision the neighbourhood in 10 years? 20 years?

TC: I forecast Yonge & Eglinton to be considered the new Toronto midtown hot spot, especially as it is far closer to the rapidly growing suburban areas north of Toronto in the GTA. There will be major improvements in the caliber of retail, restaurants and services operating in the area, and stronger vendors will continue to open new locations to capitalize on the growing population.

A great example of this is Loblaws opening a large-format store at Eglinton, just east of Yonge Street. This is just the beginning.

YPNH: Why did the company – originally CD Capital – decide to rebrand as Capital Developments? Is anything else changing for you, beyond your name?

TC: The strategy is part of an overarching initiative that places “people

Midtown is the talk of the town, thanks to its roster of amenities, employment, transit links, and the rising value of real estate and relationships” at the core of our business. Capital Developments is a people-first company and the brand’s tag line, “Relationships Matter,” clearly articulates this and differentiates the brand in a crowded market.

The addition of “Developments” better explains who we are, which is a company with a strong financial background and track record (critical in the industry), as well as extensive experience accumulated through the development of significant mixed-use developments in Europe (the root of our development organization) and North America, where we have been active for many years.

We forecast Capital Developments to continue its rapid growth as we become one of Canada’s leading development companies with a reputation of placing “people and relationships” at the core of our business.

150 Redpath Condos is coming soon to the Yonge & Eglinton neighbourhood

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 43

MORTGAGE ADVICE

What first-time homebuyers need to know before getting a mortgage

By Alyssa Richard

C

ontinuing low interest rates present a window of opportunity for first-time homebuyers, but before you begin touring homes and hiring a real estate lawyer, you need to get pre-approved for a mortgage.

Once you’ve been pre-approved, remember that this is the absolute maximum amount a bank or mortgage broker would be willing to give you – and the mortgage payment at that top price is often outside of people’s comfort zones, when it comes to their personal budgets. To ensure you’re not strapped for cash and become house poor, try to buy something at a lower price point. Your budget will especially thank you when – not if, when – interest rates go up.

Finance officials and economists have said for years that an interest rate hike was on the horizon. Since our economy follows the U.S.’s, the Bank of Canada will watch what the Federal Reserve does then go from there. It’s predicted that our prime rate could go up by as much as 1.25 to 1.50 per cent, though, which would affect anyone who had a loan attached to prime (variable mortgage, bank loan or line of credit). First-time homebuyers thinking of taking advantage of a low variable mortgage rate this year, should first run the numbers to see if you could afford this potential increase.

According to the Canadian Real Estate Association, the average home price in Canada is slightly more than $413,000. If we plug that number into a mortgage calculator, put down 20 per cent and choose a five-year variable rate (2.09 per cent, for example), your monthly mortgage payment would be $1,413. Now, if prime went up by 1.50 per cent, so would your mortgage rate. If yours went up from 2.09 per cent to 3.59 per cent, your monthly mortgage payment would go up to $1,665 – that’s $252 per month or $3,024 per year extra that you’d need to find in your budget.

Imagine how difficult that would be to come up with, if you’d already purchased something at the top of your max budget. And fixed-rate mortgage holders won’t be immune to the interest rate increase, either – those will likely go up, too, but you’d be protected from that until your mortgage came up for renewal. Still, I wouldn’t be surprised if we saw more people go fixed this year, in light of this potential

44 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

interest rate increase. Even if it weren’t on the horizon, it’s always best to stress test a mortgage before you buy. A good rule of thumb: if you can’t afford a two-per-cent interest rate hike, you may want to look at a home within a more appropriate price range.

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

IN THE NEWS

Price gap between lowrise and highrise continues to widen

By Lydia McNutt

T

he price gap between new lowrise and highrise homes in the GTA has broken a record, again.

This, after hitting a 10-year high in April – an indication that demand for lowrise is outstripping supply, according to the Building Industry and Land Development Association (BILD).

The price difference between lowrise and highrise in the GTA is now a staggering $343,492. Just one year ago, that gap was over $100,000 less, at $237,301.

“As the price of ground-related housing continues to grow at a record pace, it’s becoming increasingly difficult for GTA residents to afford a lowrise home,” says BILD president and CEO Bryan Tuckey.

The average price of a lowrise home (detached, semidetached and townhome) reached $783,955 at the end of May – up 16 per cent over May 2014, and an increase from April when the average price was $775,419.

Meanwhile, highrise homes saw a slight dip in price month-over-month, averaging $440,463 in May over $448,760 in April.

As Tuckey notes, these prices are reflective of availability. At the end of May, there were 5,198 new lowrise homes available for purchase across the GTA, representing just 20 per cent of total new-home inventory in the region. That’s a lot of condos up for grabs.

“The effect of new-home pricing is also trickling down to resale homes, which is something that affects all homebuyers,” Tuckey adds. “As inventory borders on record low level, we need an adequate supply of lowrise homes to ensure healthy levels of housing choice that are necessary to accommodate the needs of our expanding region.”

MONTHLY R EA LN ET N EW HOME PR ICE IN DEX Greater Toronto Area – January 2004 to May 2015

$800,000

$783,955

$700,000

High Rise Low Rise

$600,000

$500,000

$440,463

$400,000

$300,000

2004

46 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

TAKE ADVANTAGE OF THESE LIMITED TIME OFFERS WHILE YOU CAN

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THE BOND UNVEILS THE CONNECTED COLLECTION LIFETIME DEVELOPMENTS OFFERS ONE LAST CHANCE TO OWN IN THE COVETED ENTERTAINMENT DISTRICT

T

oronto’s Entertainment District has been through a dramatic evolution. Beginning as a booming industrial district, then developing into a lively neighbourhood with a dynamic nightlife, the Entertainment District has just undergone what may be its most significant transformation yet.

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

“The transformation of the Entertainment District has been spectacular. The area has exploded with new restaurants and an evolving nightlife scene, as well as the services and features of a residential neighbourhood” says Brian Brown, Vice President of Lifetime Developments.

“Being able to live where you work and play has become increasingly important to buyers, and we are thrilled to be able to offer this opportunity in one of Toronto’s liveliest neighbourhoods.”

Located at the corner of Adelaide and John Street, The Bond Condominiums by Lifetime Developments is one of the area’s most successful and highly anticipated projects.

Offering buyers a final opportunity for home ownership in this energetic neighbourhood, Lifetime has just announced the release of the Connected Collection – an exclusive selection of suites on the two top floors, and a limited number of newly released terrace suites.

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

To celebrate the release of the Connected Collection and the final suites at The Bond, Lifetime is offering a limited time promotion for $15,000 cash back on the purchase of

studio, 1-bedroom or 1-bedroom plus den layouts, and $30,000 cash back on the purchase of 2-bedroom and larger layouts. Purchasers can also look forward to only a 15% deposit.

Designed by Charles Gane of Core Architects, the tower’s 42-storey dramatic glass and steel façade will be anchored by a bold geometric podium. The stunning suite interiors are designed by Thomas Pearce Interior Design Consulting, and feature 9’ ceiling heights, floor to ceiling windows and spacious balconies in each suite – amplifying the suite’s panoramic views of the city and lake.

Kitchens boast custom-designed cabinetry, a choice of natural stone or quartz countertops, tile backsplash and state of the art European appliances. Bathrooms will also feature custom-designed contemporary cabinetry and the choice of natural stone or quartz countertops in addition to a 5’ white soaker tub and a glass shower stall adorned with chrome fixtures.

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

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

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

Visit Lifetime’s Inventory Boutique at 373 King St. West, Suite 302; call (416)546-7525; or go to www.thebond.ca for more information.

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STAT CHAT

Record unsold condo units?

There’s more to that story

By Ben Myers

I

f you follow me on Twitter (@BenMyers29), you know that I’m a big baseball fan. Imagine for a second that Toronto Blue Jay Jose Bautista hits three home runs and strikes out once in a game, and the Jays win by five runs.

The next day the headline in the newspaper reads: “Bautista strikes out in Jays win.” Of course that would never happen. However, strangely, this type of news reporting actually happens all the time when it comes to residential real estate in Canada. A new housing report comes out or new statistics are released, and the major focus of the report or data trend is ignored, while a smaller negative piece of information becomes the main focus.

For example, the May 2015 Canada Mortgage and Housing Corp. (CMHC) housing figures for the Toronto Census Metropolitan Area (CMA) were released showing that housing starts were up 57 per cent in May and 24 per cent year-to-date (YTD), condo absorptions were up four per cent in May and 133 per cent YTD, and pricing for new single-detached houses were up six per cent annually. Much of the coverage did not focus on this data. Instead the focus was on the increase in the completed and unabsorbed condominium supply (to 2,803 units). Although this is a record high, it represents less than 10 per cent of the completed condo supply over the past 12 months, well below many other major cities in Canada on a percentage basis.

The context for those 2,800 units was not mentioned, and there were more issues with the way the data was reported. In certain instances these units were listed as vacant, which is not necessarily the case, as many developers rent out their unsold units. CMHC also noted that just 69 per cent of CMA condominium apartment units that completed construction in May were sold. That seems very low, and it is. A condo absorption rate of under 85 per cent has only occurred in four months over the past 10 years!

Condominium market research firm Urbanation pointed out that the CMHC numbers must be miscalculated, because the area of the Toronto CMA they claim had a big jump in unsold units, actually had no completed condos in May! It is true that even a high-quality organization like CMHC can make an error now and then.

Keep in mind many developers have no problem having unsold inventory at completion, as they believe that can achieve a price premium for a unit that a potential purchaser can walk through. Other developers keep units and rent them out, as they want to grow their stock of rental properties, knowing they can sell them at any time for more than it cost to build them.

My goal in writing this article is for the readers to think more carefully about what they read and the conclusions that are made, as there may be a lot more to the story.

48 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

The Toronto condo market has done much better than my beloved Toronto Blue Jays over the past decade, but the statistics actually point to a strong finish for both of them in 2015.

Ben Myers is senior vicepresident of Market Research and Analytics at Fortress Real Developments. Ben assists in evaluating the market and projects that Fortress engages in.

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

LEGALLY SPEAKING

Why foreign investors love Canadian real estate

By Jayson Schwarz with files from Evonne Finnegan LLB and Ernest Wong LLB

T

oronto was the “hottest” city in the world last year, among the growing number of rich and sometimes famous looking to purchase real estate. According to Christie’s International Real Estate, the luxury housing market in Toronto saw a staggering 37-per-cent surge in purchases from so called “high-net worth” individuals in 2014.

Toronto was tops for growth among desirable urban destinations from more than 80 global markets examined by Christie’s. Toronto was capitulated into the Top 10 “Best of the Best” cities in the world along with Dubai, Hong Kong, London, Los Angeles, Miami, New York, Paris, San Francisco and Sydney. Home prices here continue to soar with an average detached house price of $1.04 million.

For many foreign investors familiar with the cost of real estate in New York, London or Hong Kong, this demonstrates that values in Toronto have not yet reached their peak.

What do you need to know about purchasing property in Canada and Toronto in particular? First and foremost, there is no restriction on foreign individuals purchasing property in Canada, unless it affects the national interest. Let’s take a closer look: Tax treaties Depending on your country of residence, there may be an international tax treaty in place between your country and Canada.

In that case, there will be provisions governing the effect of income Continued on page 50 JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 49

LEGALLY SPEAKING...continued

Depending on your country of residence, there may be an international tax treaty in place between your country and Canada earned on rental and sale proceeds of property in Canada. This translates to withholding tax and other questions being answered, and allows you to avoid double taxation. This also allows you and your advisers to properly plan and structure your transaction.

Legal structures There are various legal structures available to foreign investors in Canada: » Real Estate Investment Trust – this is a trust established to consolidate capital for the purpose of investment in real estate. » Joint Venture – these are advantageous due to flexibility in allowing for varied and non-proportionate sharing of profits. » Partnership, Limited Partnership » Corporation » Personal Ownership In order to ascertain which structure is best for you, consult your lawyer or accountant with expertise in real estate.

Getting taxed in Ontario...

A purchase of new residential property in Ontario is subject to a 13-per-cent HST. Rebates are available for resident Canadians that either will occupy the premises or rent them out. Non-residents may not qualify in all situations for the rebates, so check with your lawyer or accountant.

The purchase of new residential property in Toronto is also subject to LTT from two levels of government, Municipal and Provincial, and average about 1.5 per cent each. Outside of Toronto, only the Provincial LTT is payable.

Non-residents should consult their lawyer or accountant with expertise in real estate law and tax to reduce or avoid withholding tax.

The double taxation treaty means that subject to certain criteria, investors will not be taxed on income gained in one of the contracting states. If tax rates are different in the two countries, you get credit for tax paid, and an adjustment if the tax in your home country is less than where you are earning the income.

A company resident in Canada which receives income from interest, royalties, pensions or purchased annuities from UK sources may be able to apply for relief from UK tax and vice versa. With the benefit of double taxation treaties, companies can take advantage of the booming real estate market in Canada.

Real estate brokers For those wishing to buy or sell property, a qualified real estate broker is essential. Real estate brokers are subject to special regulation in Canada. In Ontario, the Real Estate Council of Ontario is responsible for regulating real estate and administering the Real Estate and Business Brokers Act, 2002.

A broker can assist in identifying a target for acquisition, preparing offers and negotiating the deal. Once a qualified broker understands his client’s requirements, he has access to one of the best multiple listing services in the world and can quickly hone in on the right property.

UK investors, for example…

Tax treaties between Canada and the UK make Canada an attractive investment prospect for UK developers. The 1980 Convention between Canada, the UK and Northern Ireland prevents double taxation, exempts a resident of one of the contracting countries from Capital Gains Tax, when the tax has been paid, exempts in the other country on the disposal of assets.

50 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

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

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

studiocondos.ca • 647.352.7736

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

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

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Brokers protected. Prices and specifications are subject to change without notice. Illustrations are artist concept. E.&O.E. 52 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

CONSTRUCTION STARTS THIS FALL Last chance at pre-construction pricing

FOREST HILL LIVING FROM THE LOW $300’s An intimate, new building at 223 St. Clair West in Forest Hill. Unique terraced design. Transit that keeps you connected. Modern amenities to keep you entertained.

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Renderings are artist’s concept only. E. & O.E. Brokers protected.

Get Social with us: JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 53

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Exclusive Listing: Baker Real Estate Incorporated, Brokerage. Brokers Protected. Prices and specifications are subject to change without notice. E. & O.E.

54 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

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Bold. Brilliant. Briar Hill at Dufferin.

Starting from the mid $300’s

An enclave of bungalow and 2-storey city towns in a well-established, family-friendly community. Stroll along tree-lined walkways to the parkette next door and enjoy the many convenient amenities this mid-town neighbourhood has to offer.

Be first in line.

Register Now. MadisonHomes.ca Rendering is artist’s concept. Prices and specifications are subject to change without notice. E. & O. E. JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 57

BE AT ONE WITH THE KIP Still in pre-construction, One is the first, landmark residential tower of The Kip District community and your opportunity to make the investment of a lifetime. Located at Kipling and Dundas, this new community of five towers connected by parks comes loaded with eco-friendly features. From green roofs and charging stations to energy efficient appliances, The Kip does green, gloriously!

PRE-CONSTRUCTION PRICES START AT JUST $232,900

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

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TARION REPORT

Common concerns of new-home owners

By Howard Bogach

I

t’s a fact that new homes and condos are not perfect. The home building process is the work of craftsmanship, where many tradespeople collaborate to bring your new home to life. This is why it isn’t uncommon for a new home to have some imperfections. While an imperfection in a new home is no cause for concern, a defect in construction is something your builder should repair.

All new homes in Ontario come with a warranty that lasts seven years from the date of the first possession, guaranteed by Tarion. The warranty was created to ensure homeowners receive a new home that is constructed in a workmanlike manner, is free from defects in material, is fit for habitation and is constructed in accordance with the Ontario Building Code.

Let’s have a look at the most common issues that homeowners are concerned about, and whether they are considered defects that fall within the new home warranty coverage.

Flooring One of the most common concerns raised by homeowners is issues with flooring. Homeowners mention uneven finishes, visible gaps between boards, scratches, crowning or cupping (creating an uneven floor).

Hardwood floor problems can arise from defects in material or poor installation. Often, however, deficiencies can be traced back to moisture content. Builders can avoid such problems by acclimatizing the wood and ensuring that the subfloor is not wet before installation. Homeowners also need to do their part to ensure that hardwood flooring problems do not arise because of excessive or insufficient humidity levels in the home. Maintaining a proper interior climate is essential to the health of your hardwood floor. If your new home includes hardwood flooring, I encourage you to speak to your builder and visit Tarion’s website to view our videos on how to control the moisture levels in your home.

If you notice any flooring deficiencies or damage during your Pre-Delivery Inspection (also known as the PDI), note them in the PDI Form. If deficiencies become apparent later, contact your builder as soon as possible. It is also a good idea to keep photographic records with date and time stamps if you start to see damage on your floors after you move into your new home.

Interior finishing New-home owners commonly complain about paint – streaks and brush marks, poor quality paint, poor workmanship, and drips and splatters. Generally, paint is covered under the one-year warranty. Where paint finish is specified, exposed surfaces are to be properly painted.

Doors are another common issue with new-home owners. The most common complaints include doors that are inadequately installed, sticking or improperly finished. Defects in doors and improper installations are covered under the one-year warranty.

Managing interior climate control Controlling a home’s moisture level is an essential part of keeping your new home healthy. Today’s energy-efficient homes are built tightly to seal out the cold weather in winter and keep in the air 64 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

conditioning in summer. However, lack of proper ventilation or humidity control by the homeowner can lead to damage that would not be covered by the statutory warranty.

The good news is that as a homeowner, you can follow some simple steps to keep your interior climate healthy. At your PDI, it is a good idea to ask your builder how to maintain proper moisture levels in your home. As a general rule, the healthy range is 30 to 50 per cent.

You can also visit Tarion’s website to view videos on how to control moisture, and tips on how to maintain your new home.

And remember, Tarion is always here to help. If you have any questions about your new home warranty visit tarion.com or call 1.877.9TARION.

Howard Bogach is president and CEO of Tarion Warranty Corp.

For more information about how Tarion helps new-home buyers, visit tarion.com or find us on Facebook at facebook.com/ TarionWarrantyCorp.

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For contest details visit geraniumhomes.com/contest

Prices and specications are subject to change without notice. Rendering is artist’s concept. E.&O.E. Broker’s protected. *2% of purchase price applied as a credit adjustment on closing.

Offer valid on suites at Pace on Main Condominiums for a limited time only and is non-transferable. Speak with a Geranium Homes Salesperson for more details. **No purchase necessary. Contest ends September 12, 2015. Entries must use #CelebrateSummer and tag Geranium Homes. In addition, contestants must complete the online entry form to be entered into the contest. Winners will be announced on our Facebook page at facebook.com/geraniumhomes. Prizes must be accepted as awarded and have no cash value. For ofcial rules visit geraniumhomes.com/contest. July 2015.

CONDO PROFILE

PACE ON MAIN: Inspired condo living in downtown Stouffville

E

verything this vibrant and historic town has to offer is within a short stroll of Pace on Main condominiums in Stouffville. Since 2009 award-winning builder, Geranium Homes, has played a pivotal role in the growth of Stouffville and is now selling the first condominium to be located right on Main Street.

“Stouffville is becoming an impressive alternative over Markham for condo seekers. It feels a world away from Markham’s bustle and congestion, yet it’s only 10 minutes north,” says Stephanie Lane, marketing and sales manager for Geranium.

Pace on Main has an unbeatable location, within walking distance to a variety of restaurants, shops and a weekly farmers’ market. Nearby, Memorial Park is a hub for outdoor activities, and the adjacent Leisure Centre houses fitness

Pace on Main will become a new condo destination

66 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

facilities, as well as the main library branch. Lebovic Centre for Arts and Entertainment is a popular venue for live performances, and Latcham Gallery has long been an integral part of Stouffville’s thriving arts community. And, to travel into Toronto, or for visits by friends, you’ll appreciate the GO station is just steps away. Getting around by car is easy and Hwys. 407 and 404 are only a few minutes away.

Pace on Main is a midrise, boutique-style condominium residence that is designed to reflect

the history of its neighbourhood. On the corner of Main and Lloyd Streets, the elegant facade featuring a combination of brick and stone will rise to five storeys with a new branch of Pace Credit Union occupying the ground floor.

Envisioned by renowned interior design team Bryon Patton & Associates, the building’s amenities include a welcoming lobby, The Main Street Lounge with two fireplaces, three televisions, a convertible billiards table, and a kitchen and bar. Doors lead out to the terrace where barbecues and seating areas create the perfect space for summer entertaining and alfresco dining.

Live in the heart of Stouffville

A kitchen vignette showcases quality finishes

You owe it to yourself to get exactly what you’ve been looking for – a brand new condo in a downtown location at Pace on Main An excellent selection of suites remains for every lifestyle. Choices range from one- to three-bedroom suites in sizes from 650 to 1,571 sq. ft.

Classic interiors feature Geranium’s quality finishes with nine-ft. ceilings, engineered hardwood flooring, granite countertops and full-sized stainless steel-finish kitchen appliances, as well as a private balcony. Prices start at $329,900 and include an underground parking space.

For 38 years Geranium has taken numerous master-planned communities from conception to completion, creating neighbourhoods with families in mind, and establishing a solid reputation for quality design and construction. Geranium was proud to receive the industry’s 2014 Places to Grow Community of the Year Award, and in 2012, the Home Builder of The Year and Canadian Home Builder Association’s Grand Sam awards.

You owe it to yourself to get exactly what you’ve been looking for – a brand new condo in a downtown location at Pace on Main.

Visit the sales centre, which features a model kitchen vignette, at 6212 Main St. in Stouffville. Hours are 1 to 6 p.m. Monday to Thursday; and noon to 5 p.m. weekends and holidays; closed Fridays; or by appointment. Call 905.591.1071 or visit paceonmain.com JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 67

IN THE NEWS

Emerald City unveils pencil-crayon inspired art

By Sonia Bell

E

merald City is bringing a whole lot of colour to the Parkway Forest community with its pencil crayoninspired public art display. ELAD, the developer behind Emerald City, unveiled the art installation at a public event on Jun. 20. The master-planned community, located at Don Mills and Sheppard Avenue, is now another step closer to completion.

The public art displays, created by world-renowned artist, Douglas Coupland, are big, bold and incredibly colourful. The first collection, deemed “The Four Seasons,” includes a 60-ft. “fall” cone with autumn colouring situated at the corner of Sheppard Avenue East and Don Mills Road. The other three cones stand 48 ft. high, and represent the remaining three seasons – spring, summer and winter – and are positioned in a line through the Emerald City site.

The second collection, dubbed “Cylinders,” consists of seven cylinders spanning between 24 and 48 ft., which 68 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

are located throughout the various facilities and towers. Emblematic of Laurentian pencil crayons, the art instillations create a playful and upbeat atmosphere throughout the entire neighbourhood.

Adding character to the community, the public art is one of the final touches to the entire vision for Emerald City. According to Len Abelman, principal, WZMH Architects, “The public art has really complemented the master-planned vision that we set out to create. [It] enhances the neighbourhood, [and] fits in and blends in beautifully.

“Now with this public art in place, I don’t think it could’ve looked any better ... Toronto can be proud to have another really successful public art installation in the city.”

Emerald City has something for everyone, and the new art installation is just one facet that will draw people to the developing Parkway Forest neighbourhood.

Ori Belavin, manager of development and planning, notes “Emerald is part of the larger community of Parkway Forest. We’ve revitalized the neighbourhoods adding condominium projects, rental buildings, 50,000-sq.-ft. community centre, day care facility, aquatic centre, outdoor pool. We also have townhouses, so we really do cater to every kind of buyer or renter in the neighbourhood.”

To find out more, visit online at emeraldcitylife.ca or call 416.492.0001.

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JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 69

IN THE NEWS

$60K – what Canadians pay in mortgage interest

By Wayne Karl

I

t’s a scary question many homeowners are afraid to answer: how much will your mortgage interest total over the lifetime of your mortgage? Well, wonder no more – a recent poll from BMO Bank of Montreal has the answer: $60,000.

But that’s the average for Canada. Some will pay more, some less. » While the average amount Canadians expect to pay in mortgage interest is $57,938, the figure rises to its highest in Canada for residents in BC at $95,891.

Homeowners in Atlantic Canada expect to pay the least, at $35,454 » Canadians expect an increase in interest rates over the next five years (60 per cent), with 48 per cent expecting a small increase and 12 per cent a large increase » Most Canadian mortgage holders (67 per cent) currently hold a fixed-rate mortgage, sheltering them against any potential upswings “It’s quite telling of the extended low-rate environment that a sizeable percentage of respondents [40 per cent] do not expect interest rates to go up in the next five years,” says Sal Guatieri, senior economist, BMO Capital Markets. “Hopefully, many have not been lulled into thinking that rates will never go up, as they could be tempted into taking on too much debt.”

It’s not surprising that British Columbians are paying the most mortgage interest, as house prices in that province are the highest in the country, he says. The average was $623,000 in April, compared with $437,000 nationwide and $456,000 in Ontario.

“In any interest rate environment, it’s important that Canadians stress-test their mortgage against a higher rate to ensure they can afford it over the long term,” says Martin Nel, vicepresident of personal lending and investment products, BMO Bank of Montreal.

Average age of mortgage freedom inches higher: On average, Canadians expect to become mortgage-free by the age of 59 – up from 58 in the last two years. One-third (31 per cent) expect to still be making mortgage payments on their 65th birthday.

3 tips to become mortgage-free faster:

1

Think carefully about fixed versus variable: While variable-rate mortgages have been a winning strategy over the long term, fixed-rate mortgages (currently near historic lows) come with the peace of mind of being insulated against rate increases.

70 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

2

Stress-test your mortgage: Gauging the stability of your mortgage by stress testing it against a higher interest rate can help establish a plan to ensure longterm affordability.

3

Understand every step of the homebuying journey: The BMO Home Buyers Guide provides advice and information to guide buyers through the process of financing, choosing and buying a new home. Visit bmo.com for more information.

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JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 71

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JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 73

IN THE NEWS

Canadians choose the cottage over city getaway

By Olivia Bowden

C

anadians may be looking to trade in those plane tickets for a long weekend up north, according to a new survey from ReMax. When given the option, Canadians choose the cottage.

The 2015 ReMax Recreational Property Report showed almost 68 per cent of Canadians were in favour of spending their weekend at the cottage or cabin, as opposed to a big-city getaway. Canadians were also willing to make sacrifices to afford their dream recreational property, with 21 per cent responding they would downsize their current home to afford a second one.

Recreational property markets across Canada are seeing the benefit of the low Canadian dollar, which is motivating Canadians to keep their spending within the country.

74 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Some Canadians are also following a trend of selling their U.S. recreational properties, which may have increased in value since the 2008 recession.

The report highlighted price appreciation in some recreational property markets year-over-year including an increase in sales. Markets such as Muskoka, Whistler, Peterborough and The Kawarthas, Haliburton and Wasaga all saw a rise in median market prices, with Peterborough and The Kawarthas experiencing a 27.9-per-cent increase.

The explanation for these increases is a hike in sales in the upper-end of the market, with GTA buyers looking to less developed areas such as Stony Lake and Clear Lake instead of Muskoka.

Looking to the east and west coasts of the country, the low price of oil has had some effect on markets where many purchasers are oil industry employees. However, some Newfoundland waterfront properties outside of St. John’s are seeing steady sales giving the market a fair start.

According to ReMax, the buying market for recreational properties this season has begun strong and is expected to continue into the summer due to low interest rates and high demand.

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 75

CONDO PROFILE

THE ARBORS CONDOS IN AURORA COMING THIS FALL

BY BROOKFIELD RESIDENTIAL Register now for A-list access

T

his fall, the opportunities to live at The Arbors will expand, when Brookfield Residential introduces The Arbors Condominiums to this highly successful masterplanned community in 76 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Aurora. Now is the time to register for this intimate, four-storey residence, where nature will be your neighbour. Live adjacent to parkland, protected woodlots, nature trails — just imagine the striking views you will enjoy. You will also live close to a multitude of existing amenities in the established surroundings. It’s the best of all possible worlds.

When The Arbors Condominiums goes on sale, you will be able to choose from one- and two-bedroom suites priced from just the $300,000s

In Brookfield Residential’s sought-after Arbors community, the condos will feature a variety of amenities including a party room for entertaining, an outdoor barbecue patio lounge, billiards room, pet mudroom, exercise room and yoga studio, just to name a few

(including parking). The value is incredible, especially for this prime area. Situated just north of Wellington Street, off of Leslie Street, The Arbors offers convenience. Hwy. 404, the GO train and a transit bus stop in the neighbourhood make it handy for commuters to get around the GTA, with Toronto being only 30 minutes away.

Nestled into the rolling hills of the Oak Ridges Moraine, with its rich valley land, forested areas, pastoral terrain and pedestrian trail system, the Town of Aurora is home to shops, grocery stores, banks, day care centres, eclectic restaurants, parkland, excellent schools, championship golf courses and popular entertainment venues. A trip to downtown Aurora is a unique experience, with stores and services cradled in preserved historic buildings along tree-lined streets. Plus, The Arbors community itself includes several parks and a trail system.

In Brookfield Residential’s sought-after Arbors community, the condos will feature a variety of amenities including a party room for entertaining, an outdoor barbecue patio lounge, billiards room, pet mudroom, exercise room and yoga studio, just to name a few. The building will also offer a concierge, as well as bike and flex storage space. Host get-togethers, exercise, relax and have fun without ever leaving the building. All this and more is close to proposed walkable amenities including grocery stores, retail and restaurants.

Focused on the utmost in customer care, Brookfield Residential is a premier home builder with almost 60 years of experience making home-ownership dreams real for families across Ontario. Known for its exceptional communities, Brookfield Residential applies the highest possible standards in creating neighbourhoods that speak to the aspirations of homebuyers from every walk of life. Since 1956, Brookfield Residential has built more than 25,000 fine new homes in dozens of signature communities across Ontario, all prime examples of the company’s quality, value and integrity. When you purchase a Brookfield Residential home, you’re getting the best value – and a lifestyle you’re going to love for years into the future.

The Arbors Condominiums will be yet another testament to Brookfield Residential’s commitment to excellence, and the opportunity is exciting. Be among the first to explore all that this brand new condominium has to offer.

To register for A-list access and priority information including floor plans and your preview invitation for The Arbors Condominiums, visit LiveArborsCondos.ca JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 77

DESIGNER ADVICE

Cottage country in the city

By Yanic Simard photos by Ted Yarwood

W

hether or not you can find the time for a true cottage getaway this summer, a sense of relaxed living can be infused into your home through the power of decor. To get the best of lake-side living, even in your urban abode, here’s my guide to the essential details of cottage-inspired decor:

Let wood reign: Naturally, wood is one of the first materials you think of when you think “cottage” – but you must know how to use it right. ⊲ To create a feeling of consistency, run wood floors continuously throughout, even into the kitchen. It can survive the occasional spill if you treat it properly. Embrace wood with visible graining, such as Mir Hardwood’s Reclaimed Parquet collection (which mixes woods for rich character). ⊲ For those who prefer a hard surface, consider an inset tile “mat” for the kitchen, entry, or other wet areas – it keeps the floor flush (and there’s no sisal rug to try to wash the mud or red wine out of). ⊲ Plank walls give the textural look of a cottage cabin interior, but unless you live directly on the water, you may find this much wood a bit overwhelming. Paint it out a white or pale colour to maintain an airy, relaxed vibe, or go for a deep espresso stain and break up the wood with white accents such as art and drapery.

78 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Continued on page 80

DESIGNER ADVICE...continued

Cottage decor often comes down to celebrating the basic essentials, such as beautiful plates, vintage servingware, and stunning pots and pans Timeless tile: Subway tile is a versatile classic that can appear either modern or traditional, depending on the details. ⊲ The most popular form of contemporary subway tile is crisp white porcelain, but you don’t have to go so minimal. Consider a tile with a more organic surface shape and subtle, uneven colouring, to bring in some traditional warmth, or choose a style with a bevelled edge for a sleek touch of class. ⊲ A cottage-inspired kitchen is also a great place to play with the colour of your tile grout. The geometric patterns of subway tile (or any other shape) can be highlighted with dark, contrast grout, or you could even choose one with a colour infused to add a playful accent.

Focus on faucets: Even in the most humble cottage, a slight hit of sparkle usually appears in the form of an eye-catching kitchen faucet. ⊲ Whether your goal is a transitional or traditional style, a “bridge” faucet (which sits above the counter on two widespread arms rather than one in the centre) adds an uncommon graceful touch. ⊲ If you find yourself often filling large pots (for soups or pastas, for example), a wall-mounted faucet placed over the stove is extremely practical, and makes the fixture even more of a standout feature.

Continued on page 82 80 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

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DESIGNER ADVICE...continued

especially in a heavy natural fabric (such as a linen blend).

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Visit benjaminmoore.ca

Cottage colours: It’s hard to imagine a cottage-inspired colour scheme without the calming essence of a clean, fresh white. ⊲ For an earthy, Zen atmosphere, pair white with off-white neutrals (greys, beiges, or both) and let texture and materials become the focus – it recalls the simple beauty of sandy shores and pebbled paths without feeling too stark. ⊲ For a livelier nautical vibe, blue can’t be beat as a cottage-inspired favourite. In general, a cottage interior tends to choose a limited palette and stick to it, so pick one hue to repeat in smaller or larger doses from room to room (and if you want a little extra punch in a key area, try small hits of red for spice).

Soft and strong: Seating in a cottage-inspired home tends toward two timelessly practical (and beautiful) categories: wood and slipcovered. ⊲ Sturdy wood barstools, dining chairs, and benches are perfect options for bringing in a sense of natural strength, as their open frames still allow for an airy and relaxed look, and they contrast soft upholstery beautifully. ⊲ Whether or not you find yourself regularly tracking sand inside, slipcovered furniture is practical for its ease of washing and for the ability to swap out looks between seasons. Plus, a skirted front on a sofa or chair communicates the relaxed cottage vibe, 82 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Everyday beauty: Cottage decor often comes down to celebrating the basic essentials, such as beautiful plates, vintage servingware, and stunning pots and pans. ⊲ Open shelving is a popular trend which suits the most rustic spaces (think simple wood plank shelves) or even more modern schemes (try vanishing floating glass). However, if you prefer to keep your storage behind closed doors, consider varying the heights of your cabinets – this creates neatly framed niches at the ceiling where you can display party serveware you use occasionally (such as elegant porcelain pitchers). ⊲ If you have precious plates you won’t use often (or even favourite ones that you do!) an artful arrangement over your dining table makes a classic cottage-inspired display – choose all white pieces if you want to keep the look modern. Similarly, cool copper pots hung on an open rack make a trendy metallic statement in between recipes.

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

You don’t want drama.

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There’s no need for drama. TD Insurance Advisors aren’t on commission, and can help you get home insurance that fits your needs. Talk to one today or go online to get a quote.

Get a quote at tdinsurance.com/fits or call 1-877-889-1396 TD Insurance home protection is distributed by TD Insurance Direct Agency Inc. and is underwritten by TD General Insurance Company in Ontario and by Primmum Insurance Company in the rest of Canada. ® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 83

HOMEBUYERS’ HELP

What all new home buyers need to know

O

ne of the many advantages of buying a new house or condo – aside from the benefits of being able to pick and choose the features and finishes to suit your taste – is that almost all new homes in Ontario come with a warranty.

In fact, the province’s new home warranty program offers coverage up to a maximum of $300,000 on each property. This warranty is administered by Tarion Warranty Corp. and covers your new home for up to seven years. In the event a sale can’t be completed, there is also deposit protection up to a maximum of $40,000 for new houses and $20,000 for new condos. (Excess deposit amounts are also protected by the trust provisions of the Condominium Act.) The warranty is broken out over one-, two-, and seven-year coverage periods during which time purchasers can apply to Tarion and their builder to remedy any problems that may have arisen since taking possession of their new home.

84 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

The one-year warranty protects against defects in workmanship and materials and any violations to the Ontario Building Code. The two-year warranty protects against defects in the electrical, plumbing and heating systems, any water penetration issues, and defects in the exterior cladding. During the seven-year warranty period you are protected against major structural defects that could affect the safety of the dwelling, such as the failure of a load bearing wall.

A complete overview of the home warranty program is found in a document called the Homeowner Information Package. You can access this document anytime at tarion.com.

Your builder is also required by law to provide you with access to a copy of it before, or at, the closing of your new home.

The law dictates that all new homes in Ontario come with this mandatory warranty coverage. It is also required by law that all new home builders in the province be registered with the Tarion Warranty Corp. Every registered new home builder in the province is listed on the Ontario Builder Directory pages at tarion.com. If your builder does not readily provide you with requested warranty rights information, and you do not find their name on the directory, you are advised to think twice about purchasing that home.

More information is available online at tarion.com. NC

COME PLAY! OPEN DAILY

Toronto’s first and only Children’s Discovery Centre.

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

Visit for an educational, dynamic and wonder-filled experience for kids of all abilities. Easily accessible by foot, car or TTC.

N

King St. W.

Wellington St. W.

childrensdiscoverycentre.com

Lake Shore Blvd. W.

Bathurst St.

Gardiner Expy.

Strachan Ave.

9:30am – 4:30pm 45 Strachan Avenue, Toronto

Dufferin St.

East Liberty St.

Lake Ontario

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 85

MOVE IN NOW TORONTO UPPER BEACH TOWNHOMES Steps to GO station and TTC station 11 minutes to Union Station 12 minutes to Yonge & Bloor Walk to Queen Street East & The Beach

ONLY 5% DOWN MOVE IN 30 DAYS Only 5 townhomes left starting from $525,990

CALL FOR SPECIAL DEVELOPER INCENTIVE PARKING & LOCKER INCLUDED OPEN HOUSE Saturday and Sunday 12-6 pm or by appointment 2320 Gerrard Street East, Unit 101 T. 416.693.7500 E. info@UpperBeachTownes.com W. www.UpperBeachTownes.com

Now Available!

A new Inventory Condos section: a guide to builders with quick move-in dates for newly constructed and nearly completed condos.

For advertising details please call Dionne Fraser at 416.540.8819 *Prices, specs and availability correct at press time. **Promotion is valid to completed homes & inventory of 12 homes or less.

GTA Edition July 4 – August 1, 2015

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

IN THIS SECTION Maps and listings for new condo communities in the 416 region Builder news and the latest in condos in the 416 JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 87

CONDO WATCH

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

previews & registrations

new releases & grand openings

DANIELS WATERFRONT

By The Daniels Corp.

ISLINGTON TERRACE

By Tridel

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

Web: DanielsWaterfront.com

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

Web: Tridel.com

BRIAR HILL CITY TOWNS

By Madison Homes Bungalow and two-storey city towns coming to Briar Hill at Dufferin. Register now.

Web: MadisonHomes.ca

SAIL CONDOMINIUMS

By Opearl Developments The new wave of design is here! Modern urban condos coming soon to Victoria Park and Sheppard. Register for priority preview.

Web: SailCondos.ca

GRID CONDOS

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

Web: GridCondos.com

MARQUETTE

By Kubo Developments

previews & registrations CITYLIGHTS ON BROADWAY

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

Web: CityLightsCondos.ca

VIDA

By Castle Group Development Condos coming soon to the luxe Bayview Village area, steps from the subway.

Register today.

Web: VidaCondos.com

150 REDPATH

By Freed Dev./Capital Dev. Coming this fall to Yonge and Eglinton.

Register today to stay in the know.

Web: RedpathCondos.com

STANLEY

By Tribute Communities Register now to live at one of Toronto’s most iconic locations, at Church and Carlton.

Web: MyTribute.ca

88 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

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

Web: Marquette.ca

CONNEXION

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

Web: NorthStarHomesInc.com

LIBERTY CENTRAL TWO

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

Web: LiveInLiberty.com

BLUE DIAMOND AT IMPERIAL PLAZA

By Camrost Felcorp The sales centre is now open for this dazzling new condo coming soon to Avenue and St. Clair.

Web: BlueDiamondCondos.ca/cg

THE BOND CONDOMINIUMS

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

Web: TheBond.ca

THE SOUTHWOOD

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

Web: TheSouthwood.com

EAST FIFTY FIVE

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

Web: East55condos.ca

THE RAVINE

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

Web: TheRavine.ca

TEAHOUSE

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

Web: TeaHouseCondos.com

EAST UNITED

By SigNature Communities

AQUALINA AT BAYSIDE

By Tridel

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

Web: eastunitedcondos.com

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

Web: Tridel.com/aqualina

JOY CONDOS

By Gemterra

RIVERCITY 3

By Urban Capital

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

Register now to stay up to date.

Web: JoyCondos.com

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

Web: RiverCityToronto.com

live at the heart of king & bathurst beginning Winter 2016

oneeleven is under construction don’t miss out on this amazing opportunity. the oneeleven condominium residences are now over 75% sold! register today at oneeleven.ca or call 647 351 4111.

CONDOMINIUMS + LOFTS

the amenity floor at oneeleven the open-concept indoor/outdoor social space encompasses a variety of entertainment, dining + lounging areas featuring an expansive, multi-use patio, library, lounge with mini-theatre, barbeque + fire pit.

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

Rendering is an artist’s impression. Prices and specifications are subject to change without notice. E.&O.E. March 2015 JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 89

IN THE NEWS

Sail Condominiums launching soon at Victoria Park and Sheppard Avenues

R

ising soon near Victoria Park and Sheppard Avenue will be one of the most distinctive condominium projects in the city, Sail Condominiums, now being developed as a modern and urban living environment by Opearl Developments. The 18-storey building, designed by Keith Loffler McAlpine Architects, is a gracefully curving tower giving the impression of a yacht headed out to open sea, and will become a notable landmark in the area’s growing skyline.

Sail Condominiums will be the perfect combination of affordable luxury in one of Toronto’s best locations, situated near existing transit and the proposed Sheppard LRT, with Hwys. 401, 404 and the Don Valley Parkway only minutes away for commutes to downtown or for weekend escapes.

90 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

The project will be surrounded by shopping and dining options, being walking distance away from the high fashion of Fairview Mall and Victoria Park Square across the street. The Victoria Park and Sheppard Avenue area is one of Toronto’s most desirable and mature neighbourhoods for affordable urban living, with many established schools, Wishing Well Park and Vandenburg Park offering nearby open greenspaces.

Sail Condominiums will offer a full suite of amenities, all designed to promote engagement and a socially active lifestyle amongst residents, and to utilize these amenities as extensions of their personal living spaces.

There is a multi-purpose party room in which to entertain family and friends, and in the nicer weather, the room opens up to a fully landscaped outdoor courtyard. There is also a fully equipped fitness centre, complete with the latest cardio, aerobics and weights equipment.

Resident suites have been meticulously crafted with great attention to even the smallest detail. The features and finishes are of an exceptionally high quality and suites are available including studio, one-bedroom, twobedroom and three-bedroom layouts.

Designed by award-winning interior design firm Gordana Car, some suites include balconies and each offers large windows for an abundance of natural light, with flexible and functional floor plans with well-thought out spaces to maximize efficiency in everyday living.

Sail Condominiums are developed by Opearl Developments, a family-owned and operated development business. Opearl has had extensive and successful operations in mainland China and has been in business for 40 years. They pride themselves in developing high-quality residences for all of their purchasers and operate with a business philosophy of being fair and honourable with all of their clients in all of their businesses.

To learn more about the value and luxury at the distinctive Sail Condominiums, visit sailcondos.ca or call 416.756.SAIL (7245).

THE NEW WAVE OF DESIGN IS HERE

CONDOMINIUMS

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

REGISTER NOW FOR A PRIORITY PREVIEW SAILCONDOS.CA

EXCLUSIVE LISTING BROKERAGE MILBORNE REAL ESTATE INC. BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST CONCEPT. E.&O.E. DEVELOPMENTS

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 91

FUNDAMENTALLY SPEAKING

Toronto’s SmartTrack transit gets a big boost with federal funding

By Wayne Karl

M

ajor John Tory and the city of Toronto received a big boost to the SmartTrack transit plan yesterday, with the federal government committing $2.6 billion to the expansion.

Ottawa’s contribution amounts to about one-third of the cost for SmartTrack transit, a regional express rail surface line intended to provide relief for the overcrowded Yonge-University-Spadina subway line, and connect Toronto to major employment centres in Mississauga and Markham.

The funding is to come from the new Public Transit Fund, the federal government’s largest dedicated, permanent infrastructure program, announced in the Economic Action Plan 2015.

What is SmartTrack? » SmartTrack transit is a Regional Express Rail (RER) surface subway, providing service from the Airport Corporate Centre in the west, southeast to Union Station and northeast to Markham. It will have 22 new station stops and five interchanges with the TTC. The line is scheduled to begin service in 2021. » All-day, two-way, frequent express service across the city, reducing a commute from Kennedy subway to Union Station to less than 30 minutes, from the current 40 via subway. » An estimated ridership of 200,000 per day, equivalent to about half the daily ridership of the existing Bloor-Danforth line. » 53 kilometres in length, and is mainly a retrofit of two existing GO lines operated by Metrolinx. Approximately 90 per cent of its length will be on existing GO trackage. It will not displace any existing roadway. » The same fares as regular TTC rides, and will have integrated faring with TTC. No new fares will be needed at interchange points with the TTC network. » Will use new electric multiple unit vehicles (EMUs), and no diesel locomotives.

» $265 million for a new LRT line between Waterloo and Kitchener, as well as a rapid bus transit from Kitchener to Cambridge. » $600 million for the construction of the Confederation Line in Ottawa, a 12.5-kilometre electric light rail system that will cross the city, currently under construction and scheduled for start up in 2018. » $416.7 million for the construction of the Evergreen Line in Metro Vancouver, currently under construction, to link to the existing Millennium Line, with connections to other transit lines and regional bus networks. » $400 million for the construction of the Edmonton Valley Line (Stage 1) Southeast LRT in Edmonton, integrating into existing LRT and other transportation networks.

Since 2006, Ottawa has provided support for a number of major public transit projects across Canada: » $697 million for the Toronto-York Spadina Subway Extension project in Toronto. This project is extending the current Spadina line by 8.6 kilometres into the city of Vaughan, connecting to GO train services and six new subway stations, including one at York University in North York.

Ottawa’s contribution amounts to about one-third of the cost for SmartTrack transit...

92 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. Email Wayne at wayne.karl@ypnexthome.ca or follow him on Twitter at Twitter.com/WayneKarl

Shop, skip and a jump exclusive 10% Down Program Discover a dynamic, master-planned community in the heart of North York before it’s too late. Steps from Fairview Mall, minutes from the Don Mills Subway Station and TTC, enjoy a 1-acre on-site park in Fairview Park’s backyard and urban amenities at home’s doorstep.

Last chance to live on a 1-acre park at pre-construction prices!

FAIRVIEW MALL DR.

SALES CENTRE

HWY. 404

GODSTONE RD

DON MILLS RD

SaLeS Centre

SHEPPARD AVE. E.

CONNECT CONDOS

AT FAIRVIEW PARK

AT FAIRVIEW PARK

HWY. 401

DVP

SOUL CONDOS

245 Fairview Mall Drive Mon to thurs 12 to 6:00 p.m., Friday by app., Sat & Sun 12 to 5:00 p.m.

416.773.1066 fairviewparkcondos.com

*Price and specifications are subject to change without notice. Illustrations are artist’s concept only. Building and view not to scale. Exclusive Listing Brokerage; Cornerstone Marketing Realty Inc., Brokerage. ©FRAM 2015. All rights reserved. E.&O.E. JUNE 2015.

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

Find the perfect new home or condo in the neighbourhood that fits your lifestyle.

START SEARCHING NOW!

download the app

visit us online

S

#ARAGONFORWARD Aragon Properties Ltd.

Bloordale neighbourhood. With direct access to the Go Train, expressway and metro lines, the opportunity to be a part of the best in urban design won’t last long—homes range from studio suites at $233,900 to penthouses starting at $439,900.

Register today at aragon.ca/enigmalofts.

Call or visit: 138 St. Helen’s Ave, 416.516.1551.

len t. He

r St Bloo Lans

Dundas St W

Coll

ege

Presentation Centre

W

St

St

dow ve ne A e s Av

N

*In our continuing effort to improve and maintain the highest standard, the developer reserves the right to modify or change plans, specifications, features and prices without notice. Please refer to disclosure statement for specific offering details. E.&O.E.

Enigma on the Park is now over 60% sold.

Your 9 piece designer appliance package lives in this integrated kitchen. Enigma represents more than a subtle shift in urban planning and architectural design practices. It’s a revolution that begins with these 86 parkside condos and townhomes located in the heart of the connected

ENIGMA ON THE PARK

MORE THAN MEETS THE EYE. INTELLIGENCE STANDS BEHIND BEAUTIFUL DESIGN.

erin Duff

SOLD

60%

OVER

IN THE NEWS

Your custom lifestyle awaits at Barrington condominium flats NEW FLOOR PLANS AND COMBINED SUITE OPTIONS NOW AVAILABLE

I

f you’ve dreamt of a custom residence in one of the city’s finest neighbourhoods, Lash Group of Companies and The Goldman Group have an exciting opportunity you need to know about – The Barrington Condominium Flats. With new floor plans just released and the option to combine suites, The Barrington has it all!

Located at St. Clair Avenue West and Bathurst Street, this exceptional community is steps from the St. Clair West subway station, easily accessible to highways, and a mere 15-minute commute to the downtown core. The neighbourhood itself contains a wealth of eateries, shops, libraries, parks, trails and bike lanes for a perfectly balanced life. Plus,

96 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

there’s ZipCar parking right on site for those times when the call of the open road just can’t be ignored.

The Barrington brings condominium buyers a rare opportunity to combine suites, allowing for a customized living space that caters to your particular needs and wants. Larger, busy families who crave a city home can enjoy the maintenance-free condominium lifestyle in spacious suites.

The Barrington brings buyers two suite collections – The London Flats and The Knightsbridge Flats. While both will impress with open living spaces and careful attention to every detail, The London Flats Collection lets you own a home of your own from just $1,750 a month. The Knightsbridge Collection come with a $20,000 designer upgrade bonus. Both feature newly designed floor plans with attractive, convenient entryways, spacious bedrooms and ample storage. The value is exceptional.

Each incredible suite, with sizes that range from 555 to more than 2,200 sq. ft., offers the finest in indoor/outdoor living, with a balcony or terrace (sometimes both!) expanding your private space. Natural light streams in through the floor-to-nine-ft.-ceiling windows too.

Interiors were designed by Toronto’s renowned Tanner Hill and Associates with elegant touches noticeable, right down to the extra-deep baseboards.

Fitting its upscale location, as well as its striking contemporary architecture

by EI Richmond Architects, each unit offers designer features including preengineered hardwood floors, stainless steel appliances and sinks, designer ceiling fixtures and spa-inspired bathrooms.

The Barrington provides residents with every desirable amenity, including an attentive concierge and an extensive list of beautifully designed spaces to share with friends and family. Helping to grow your personal space by thousands of square feet are a multipurpose room with catering kitchen and spacious dining area; a sophisticated lounge area with multi-media wall and billiards table; and an expansive outdoor terrace with barbecues and stunning views. You’ll enjoy multiple entertaining options, so you can gather in the ones you love the most to celebrate this incredible lifestyle – in ease and style.

The Lash Group of Companies and The Goldman Group have already changed the streetscape with their landmark communities at 500, 530 and 743 St. Clair Avenue West, and their track record is your quality assurance.

Together, these family-owned builders bring more than a century of experience to your custom home-buying experience at The Barrington Condominium Flats.

Find out more about The London Flats and The Knightsbridge Collection today with a visit to the Presentation Centre at 522 St. Clair Ave. W., open Monday to Wednesday from noon to 6 p.m.; Thursdays from noon to 8 p.m.; and weekends from noon to 5 p.m. Call 416.410.444 or visit online at barringtoncondos.com

DON’T

MISS O

UP TO

UT!

$50K

CASHB

EXTENDED FOR A LIMITED TIME ONLY: Pre-Construction Promotions and Free Parking!* NOW UNDER CONSTRUCTION For more information call 416.493.0123

HarmonyVillage.ca

*Some restrictions and exclusions apply. Please speak to a sales rep for more details.

Exclusive listing brokerage Baker Real Estate Incorporated. Brokers protected. Prices and specifications are subject to change without notice. Illustration is artist concept. E.&O.E.

Site Location: 3260 Sheppard Ave. E. Toronto, ON M1T 3K3

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

# Builder 2 Great Gulf 7 The Daniels Corporation 11 Menkes Developments Inc. 11 Menkes Developments Inc. 16 Freed 16 Capital Developments 17 Rockport Group 18 Monarch Corporation 18 Urban Capital 20 Menkes Developments Inc. 22 Monarch Corporation 25 Tridel Corporation 26 Bazis Inc. 28 Empire Communities 35 Menkes Developments Inc. 35 Menkes Developments Inc. 48 Madison Homes 48 Fieldgate Homes 49 Lanterra Developments 49 Tribute Communities 52 Cresford Development Corp.

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

75 Canalfa Group 85 Harhay Developments 99 Great Gulf 114 Fernbrook Homes/Cityzen Dev. 120 The Daniels Corporation 131 Lanterra Developments 140 Eden Shaw 149 Camrost - Felcorp 150 Aspen Ridge Homes 155 Lifetime Developments 190 Cresford Development Corp.

201 Solotex 215 Dundee Kilmer Developments 218 Malibu Investments Inc. 222 Lamb Development Corp.

2 Concord Adex 3 Concord Adex 3 Concord Adex 3 Concord Adex 3 Concord Adex 4 Gairloch Investments 4 Centrestone Urban Developments Inc. 5 Onni Group of Companies 5 Onni Group of Companies 5 Concord Adex 6 Cresford Development Corp.

6 Cresford Development Corp.

6 Cresford Development Corp.

7 The Daniels Corporation 8 Cresford Development Corp.

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

Site Telephone TH* C* Price Range Page Finder Yonge+Richmond 416-499-8883 • from $340,000 25 16K High Park Condominiums 416-351-1844 • from $300,000 23 8L Pears on the Avenue 416-323-0100 • from $420,000 Insert 14I 365 Church 416-591-7700 • from $249,000 Insert 14I 150 REDPATH redpathcondos.com • 41 14D 150 REDPATH redpathcondos.com • 41 14D The Nest 416-223-0003 • from $250,000 71 11H Riva del Lago 416-495-3544 • from $300,000 Insert 24c RC3 416-862-0505 • • from $220,000 45 18L Fabrik 416-591-7700 • from $350,000 Insert 14M Picasso on Richmond 416-495-3549 • from $500,000 Insert 14M SQ2 416-661-1949 • IFC & BC 15D No1 Yorkville 416-519-2911 • from $408,000 3 15I Eau Du Soleil Waterfront Condominiums 416-503-3328 • from $350,000 6-7 25B 87 Peter 416-591-7700 • from $344,000 Insert 15M The Eglinton Yonge at Heart menkes.com • Insert 15D Zigg St.Clair West 416-545-0223 • • from $320,000 53 14J Zigg St.Clair West 416-545-0223 • • from $320,000 53 14J Teahouse 416-861-1111 • from $281,000 13 16K Stanley mytribute.ca • from $200,000 61 16K CASA 2 416-486-2272 • from $1000,000 IBC 15L Monde 416-466-8885 • from $320,000 25 17M Liberty Central by the Lake - Phase One 416-537-0047 • from $409,000 73 11F Enigma on the Park 416-516-1551 • from $234,000 95 9L Citylights on Broadway 905-326-4100 • from $200,000 8 14D East Fiftyfive 416-861-9559 • from $280,000 59 17L Liberty Central by the Lake Two 416-537-0047 • • from $250,000 62-63 12N One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 89 13M One Bloor Residences 416-922-0081 • from $580,000 25 15I 158 Front Condominiums 158front.com • 79 17L One Park Place Condominiums 416-955-0559 • from $200,000 39 18J Riverhouse at the Old Mill 416-766-7343 • from $1592,000 19 5L Chaz Yorkville Condos 416-922-0045 • from $400,000 27 16J Blue Diamond at Imperial Plaza bluediamondcondos.ca/cg • from $300,000 1 15I Studio on Richmond 647-352-7736 • from $300,000 51 15M The Bond Condominiums 416-546-7525 • • Insert 15G 1000 Bay 416-485-3000 • from $350,000 120 15J Upper Beach Townes 416-693-7500 • from $450,000 86 24G Canary Park Condominiums 416-603-7576 • from $250,000 54 18L Smart House 416-292-0219 • from $442,000 22 15L The Harlowe 416-363-1771 • from $294,000 55 15M FWD at Concord CityPlace 416-813-0999 • • 13F Quartz at Concord CityPlace 416-813-2999 • • 15M Spectra at Concord CityPlace 416-813-0999 • • 15N Grand Parade 2 at Concord CityPlace 416-813-0999 • 15M Parade TWO Park Collection at Concord CityPlace 416-813-0999 • from $308,000 15M 383 Sorauren 383sorauren.com from $265,000 9M 383 Sorauren 416-588-0383 from $265,000 9L Garrison at the Yards 416-260-2600 • from $190,000 14n West Lake 416-260-2600 • from $240,000 14N Newton at Concord CityPlace 416-813-0999 • 12F Merton Yonge Condominiums 416-484-1900 • from $450,000 14e NXT2/Phase Two 416-977-5300 • • from $210,000 5F NXT at Windermere By the Lake 416-977-5300 • • from $350,000 5F The Parkside Collection 416-351-1844 • from $700,000 8L NXT 2 416-977-5300 • • from $300,000 8N VU 416-970-9500 • • from $370,000 16L Riverside in Pine Grove 416-746-1234 3F The HUB 416-784-3482 • from $250,000 9F Sherwood at Huntington 416-485-1900 • from $1000,000 18G The High Park 416-670-3699 • from $300,000 8L RC3 416-750-7506 • from $300,000 23D Trinity Lofts 416-690-2988 • from $330,000 19l Liberty Place 416-537-0047 • • from $170,000 12N 101 Erskine 416-480-0700 • from $286,000 14D 155 REDPATH 416-996-5428 • from $210,000 14D River City 416-862-0505 • • from $250,000 18L River City 2 416-862-0505 • • from $500,000 18L The Glen 416-694-3333 • from $255,000 23H The Southwood 416-750-7506 • from $300,000 23H King Blue Condos 416-599-1355 • from $215,000 12N Ten York 416-596-9888 • from $1020,000 12F The College 416-363-4800 • from $350,000 M14 Axiom Condominiums 647-352-4077 • from $225,000 17L

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

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

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

Builder

Site

Tridel Corporation Bazis Inc. The Daniels Corporation Empire Communities Pinnacle International Pinnacle International Worsley Urban Partners Madison Homes Lamb Development Corp.

Neudorfer Corporation Cresford Development Corp.

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

Tridel Corporation Tridel Corporation Cresford Development Corp.

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

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

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

Plaza Menkes Developments Inc. Lifetime Developments Aspen Ridge Homes Context Development Inc. Context Development Inc. The Brownstone Group of Companies The Brownstone Group of Companies Great Gulf Plaza Bazis Inc. Metropia Plaza Pemberton Group Pemberton Group The Daniels Corporation The Daniels Corporation Pinnacle International Great Gulf Lifetime Developments Lifetime Developments Concert Properties Triangle West Development Tridel Corporation Tridel Corporation Tribute Communities Tribute Communities Graywood Developments Mod Developments Inc. Alterra Homes/Finer Space 45 Charles Ltd. BSaR Ltd Andrin Homes Graywood/Beaverhall Development Camrost - Felcorp Camrost - Felcorp Camrost - Felcorp Cityzen Fernbrook Homes Fernbrook Homes Urban Capital Malibu Investments Inc. Alit Developments Tre Memovia Developments Lifetime Developments Castlepoint/Cityzen/Fernbrook Pianosi Developments Sorbara Group Streetcar Development Mizrahi | Khalili Developments Sorbara Group Graywood Developments Mod Developments Inc. Reserve Properties Reserve Properties Pemberton Group Streetcar Development Greenpark Homes The Daniels Corporation Tri-Win Developments Inc MintoUrban Communities Inc. Lifetime Developments Centre Court Development Streetcar Development Menkes Developments Inc. Fieldgate Homes Freed Carttera Mod Developments Inc. Reserve Properties Castlepoint/Numa Dundee Kilmer Developments Torbel Group Pemberton Group Baywood Homes Urban Capital TAS DesignBuild Lamb Development Corp.

Lamb Development Corp.

Concord Adex

*TH: Townhomes, C: Condo

Telephone

TH* C*

Price Range

Page

Spadina Queen 416-661-1949 • from $350,000 One Yorkville 416-519-2911 • from $475,000 One Park Place South Tower 416-955-0559 • from $320,000 Water Tower at Eau Du Soleil 416-503-3328 • from $350,000 Success Tower at Pinnacle Centre 416-360-0673 • from $750,000 33 Bay Residences at Pinnacle Centre 416-925-3325 • from $375,000 Totem Condominium 416-792-1877 • from $320,000 The Madison 416-482-8090 • from $420,000 Riverside Towns 416-368-5262 • from $460,000 Fuse Condos 416-534-4444 from $220,000 Lofts 399 416-867-3999 • from $590,000 Dundas Square Gardens 416-645-8575 • from $200,000 Grid Condos 416-477-4743 • from $250,000 Brocton Commons greatgulf.com/brocton • from $370,000 Garrison Point garrisonpoint.ca • from $250,000 The Barrington Condominiums Flats 416-410-4444 • from $333,000 Howard Park 2 416-873-0989 • The Upper House Condos in Leaside 416-425-1800 from $350,000 Alter 416-645-4599 • from $250,000 Palatial Collection 416-925-3325 • from $800,000 Milan 416-928-7409 • from $520,000 The PJ pinnacleinternational.ca • from $300,000 Yorkville Park mintoyorkvillepark.com • • from $420,000 VOX 416-485-3000 • Aqualina at Bayside 416-514-2710 • from $350,000 Aquavista at Bayside Toronto 416-514-2710 • from $1000,000 CASA III 416-486-2272 • from $390,000 11 Wellesley 416-861-1111 • from $250,000 The 500 Condos + Lofts 416-960-0606 • from $400,000 King West 416-367-5464 • from $210,000 775 King West 416-367-5464 • from $330,000 Riverside Square 416-466-4466 • from $200,000 3018 Yonge In Lawrence Park 416-787-8882 • from $390,000 B Streets 416-532-6636 from $635,000 West Side mintowestside.com • • from $220,000 The Uptown Residences 416-987-3500 • from $950,000 The Selby theselbycondos.com • The Brant Park 416-368-5262 • from $262,000 Foundry Lofts 416-531-7760 from $399,000 The Brownstones 5 416-531-7760 • from $350,000 Brownstones 416-531-7760 • from $305,000 Design Haus mydesignhaus.ca • from $250,000 The Upper Canada Condominium 416-489-5194 • from $1800,000 The Upper Canada Condominiums 416-489-5194 • from $1.8,000 2221 Yonge 647-350-2221 • from $320,000 East Condos & Lofts 416-368-5262 • from $310,000 On The Danforth onthedanforthcondo.com • from $250,000 The Bartholomew Downtown East 416-955-0559 • from $300,000 RC3 416-221-3939 • from $280,000 East United Toronto Condos 905-273-9333 • from $200,000 East United Toronto Condos 905-273-9333 • from $200,000 East United Toronto Condos 905-273-9333 • from $200,000 Schoolhouse 416-979-1333 • from $595,000 Art Shoppe Condos artshoppecondos.com • from $200,000 Flatiron Lofts 416-368-5262 from $243,000 300 Front Street West 416-217-0300 • from $324,000 Atmosphere 416-217-0300 • from $1200,000 One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 Pier 27 Waterlink 416-367-3456 • from $800,000 Gooderham Condos at The Distillery 416-361-1322 • from $390,000 The King East 416-368-5262 • from $435,000 King West 647-341-1731 • from $346,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 Market Wharf 416-861-8181 • from $260,000 Library District Condominiums 416-861-8181 • from $222,000 Brownstones in Davenport Village 416-531-7760 from $245,000 Brownstones on the Park 416-531-7760 • from $260,000 Charlie 416-927-9772 • from $960,000 Ivory On Adelaide 647-341-1731 • from $279,000 Exhibit 416-967-7778 • Exhibit 416-967-7778 • Exhibit 416-967-7778 • U Condominiums 416-546-6605 • from $750,000 The Urban Townhome Collection 416-546-6605 • from $1899,000 One Park West 416-955-0559 • from $406,000 Festival Tower 416-203-2020 • from $350,000 The Pinnacle on Adelaide 416-596-1600 • from $350,000 X2 416-927-0080 • from $500,000 X2 416-927-0080 • from $303,000 Bisha Hotel & Residences 416-637-2211 • from $274,000 88 Scott 416-216-8588 • Art Condos 416-535-7775 • from $530,000 Two Old Mill 416-645-7022 • from $356,000 Old Mill 416-645-7022 • from $450,000 RCM I on University 647-351-9247 • from $393,000 Queen & Portland 416-363-4800 • from $315,000 5 St. Joseph 416-928-0555 • • from $250,000 5 St. Joseph 416-928-0555 • • from $250,000 Post House Condominium 416-964-2777 • from $350,000 Chaz Yorkville Condos 416-922-0045 • from $400,000 12 Degrees 416-408-1200 • from $350,000 The Berwick 416-922-9425 from $280,000 The Mercer 416-597-6940 • from $350,000 Imperial Plaza 416-925-2501 • from $986,000 Yorkville Plaza 416-966-3003 • Yorkville Plaza II 416-966-3003 • Backstage on the Esplanade 416-777-2533 Backstage on the Esplanade 416-777-2533 Vero 416-798-7070 from $250,000 Tableau Condominiums 416-591-8887 • • from $450,000 Tableau Condominiums 416-591-8887 • • from $350,000 Tableau Condominiums 416-591-8887 • • from $350,000 Carmelina 416-423-8500 • from $325,000 The Yorkville Condominiums 416-987-3344 • • from $550,000 L Tower 416-777-2533 • from $410,000 Perspective Condos 416-242-3500 from $300,000 thirtytwo Camden 416-860-0060 • from $240,000 8 Gladstone 416-690-9009 • from $335,000 133 Hazelton Residence 416-926-9900 • 210 Simcoe 416-217-0210 • from $420,000 Five Condos 416-928-0555 • • from $375,000 Five Condos 416-928-0555 • • from $375,000 Rise 416-546-7399 • • from $290,000 Model Suite of the Month • Neon 416-987-7878 • from $470,000 The Carlaw 416-690-8588 • from $200,000 Allure Condominiums 416-487-7600 • from $350,000 Cinema Tower Condominiums 416-203-2020 • from $450,000 FAD Condos 416-815-1818 • from $250,000 30 Roe 416-915-3812 • from $397,000 INDX 416-987-4639 • INDX 416-987-4639 • The Carnaby 416-690-9009 • from $250,000 Noir 416-977-8780 • from $250,000 90 Niagara 416-981-0036 from $347,000 SIXTY Colborne 416-601-0060 • from $300,000 SIXTY Colborne 416-598-7775 • from $300,000 The Massey Tower 416-966-0197 • • from $320,000 109OZ 416-531-4844 • from $300,000 The Sterling 416-777-2533 • • from $230,000 Canary District Condominiums 416-603-7576 • from $250,000 Wallace Walk 416-531-1818 • from $210,000 TEN93 Queen West 416-546-6355 • from $280,000 TEN93 Queen West 905-326-4100 • from $280,000 Smart House 416-292-0219 • from $442,000 Duke Condos junctionlife.ca King Charlotte 416-368-5262 • from $416,000 Theatre Park 416-368-5262 • from $537,000 FWD at Concord CityPlace 416-813-0999 • •

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Finder 15D 15I 18k 25B 17m 17M 15H 14E 19L 9k 14L 17k 17k 11L 13N 12H 9L 18D 16J 16M 15I 15L 14J 15J 18N 18N 15L 15J 17I 14M 14M 19L 14B 13J 13M 16J 16J 14M 9I 9I 9I 14K 14G 14G 14D 16M 23G 18K 17M 18L 18L 18L 13i 14D 20J 15M 15M 13M 17N 18L 18L 13N 15I 15I 14J 17M 17M 9j 9J 14M 17L 14i 14i 14i 15K 15K 18J M14 15M 16J 16J 16m 17M 12N 5L 5L 14M 15I 16J 16J 16L 16J 15L 14E 15M 15I 15I 15I 17M 17M 17M 15L 15L 15L 23J 15G 17L 4H 14L M12 14I 15M 15J 15J 12H 12H 14D 19K 14F 14M 14M 14E 16M 16M 12M 15M 14O 16L 16L 16L 12M 9L 18L 9L 12F 12F 15L 8K 15M 16M 15M

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

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

torontoregionalmaps: Toronto, East York, York

# 25 26 27 28 29 29 31 32 33 36 37 38 38 39 40 41 42 43 44 45 46 47 48 50 51 51 52 53 54 55 55 56 57 59 61 62 63 64 66 66 66 69 70 70 71 72 73 74 76 77 77 77 78 79 81 83 84 85 88 94 101 102 103 103 104 106 106 109 109 110 114 117 117 117 118 118 120 122 124 126 126 128 129 130 131 131 133 134 135 135 137 140 141 142 148 149 149 149 151 151 151 153 153 153 154 155 157 162 165 170 173 175 179 179 184 184 185 186 188 189 191 192 195 195 197 198 199 200 200 206 207 210 215 217 217 217 218 219 220 221 223

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400

24

121

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torontoregionalmaps: North York

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

100

#

Builder

1 6 7 12 13 13 16 16 19 40 96 121 123 1 2 3 3 4 4 5 6 6 6 6 8 9 10 10 10 11 14 15 17 18 21 25 25 28 33 37 50 50 95 96 96 96 101 122 122 122 124 125 128 128 130 132

Fram Building Group Concord Adex Fram Building Group Ghods Builders Inc. Castle Group Developments Liberty Development Corp.

Urban Capital Alit Developments Madison Homes Menkes Developments Inc. ELAD Canada Liberty Development Corp.

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

*TH: Townhomes, C: Condo

Site

Telephone

TH* C*

Price Range

Page

128 Connect Condos connectfairview.com 93 Omega On The Park 416-813-2999 • • 28-29 SOUL mysoulcondos.ca from $250,000 93 5959 Yonge Street 416-222-5959 • from $289,000 26 Vida at Bayview Village 416-304-1212 from $200,000 52 The Village Residences www.VillageResidences.ca • 35 The Ravine 416-850-2489 • • from $250,000 47 The Ravine 416-850-2489 • • from $250,000 47 Briar Hill madisonhomes.ca • • from $350,000 56-57 Gibson Square 416-730-9722 • from $837,000 Insert The Colours of Emerald City coloursofemeraldcity.com • from $250,000 69 World on Yonge CondoHomeShow.ca • from $284,000 37 The Station 416-398-9777 • from $305,000 24 Opus 416-813-2999 • • The Avanti Condominiums 416-636-0400 from $390,000 VISTO vistocondos.ca from $220,000 Westhaven 416-792-6655 • from $633,000 Hullmark Centre 416-733-2883 • from $524,000 Aristo at Avonshire 416-730-0300 • from $383,000 The Brownstones at Westown lindvest.com from $330,000 Tango at Concord Park Place 416-813-2999 • • from $236,000 Discovery at Concord Park Place 416-813-2999 • Discovery II at Concord Park Place 416-813-2999 • • from $210,000 Tango2 at Concord Park Place 416-813-2999 • from $265,000 Pearl 2 Condominiums 416-512-1818 • Beacon beaconcondos.ca • from $290,000 Emerald Park 416-221-8802 • from $188,000 Emerald Park 416-221-8802 • from $188,000 Emerald Park 416-221-8802 • from $188,000 Insignia Residences at Bayview Village 416-304-1212 from $350,000 Diva Condo DivaCondo.com from $225,000 Tea Garden Condos teagardencondos.com • from $250,000 Lotus Condominiums 416-222-8338 • from $299,000 Marquette Urban Towns 416-551-9767 • from $300,000 Argento 416-663-1818 • from $562,000 The Yorkdale Condominiums 416-781-9990 • from $170,000 The Yorkdale Condominiums 416-781-9990 • from $170,000 Alto at Atria 416-645-8866 • from $288,000 The Palm Condominium Residences 416-306-1000 • from $400,000 Portrait Condominiums 416-282-9600 • from $300,000 88 416-915-3805 • from $330,000 Flo Condominiums 647-799-0356 • from $250,000 Scenic on Eglinton 416-805-1781 • Emerald City Condominiums 416-492-0001 • from $250,000 Dreamtower At Emerald City 416-492-0001 • from $248,000 Biyu Emerald City biyucondos.com • from $250,000 Posh Condominiums 905-771-0134 • from $544,000 Treviso Condominiums 416-787-8882 • from $203,000 Treviso II 416-787-8882 • from $250,000 Treviso III 416-787-8882 • from $250,000 Trio at Atria 416-645-8866 from $255,000 LIV Lofts 416-445-5638 • from $250,000 NY Place 416-221-3939 • from $250,000 NY2 416-221-3939 from $250,000 Canterbury 647-352-2130 • • from $700,000 Flaire Condos 416-445-8868 • from $320,000

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Finder 24C 22C 25C 18A 20D 20D 25E 25E 12F 17C 24C 18A 12D 22C 17C 8E 23G 18D 18D 4C 22C 22C 22C 22C 17C 17C 17C 17C 17C 20C 11C 19C 19C 14E 22e 12E 12E 25D 17B 13C 18c 18c 23G 24C 24C 24C 16A 12F 12F 12F 24C 22F 19C 19C 19F 22F

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

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

1

2

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4

5

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8

17

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20

Passmore Ave Humberline Dr l Rd

44

34 Bloor St W

35 Queensway

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Gardiner Expressway Evans Ave 2

Horner Ave

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

50 8 5 51

65

25

70

Park Lawn

QEW

16

Royal York Rd

Dundas St W

7

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

d

Rathburn Rd

21

9

*TH: Townhomes, C: Condo

ett R

12 Etobicoke

409

Scarborough

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

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Centennial

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

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

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

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

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Islington Ave

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Kipling Ave

Martin Grove Rd

xd a

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27

2A

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28

25

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15 60

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Rd

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East Ave Port Union Rd

Orton Park Rd

Markham Rd

Scarborough Golf Rd

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

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Beare Rd

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

Victoria Park

g

McCowan Rd

Brimley Rd

Lawrence Ave E

St. Clair Ave

n Dr

orto

Brim

Eglinton Ave E

f

71

Bellamy Rd

Kennedy Rd

Warden Ave

Birchmount Rd

Pharmacy Rd

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Progress Ave

29 20

14

Sheppard Ave E

Morrish Rd

55

Ellesmere Rd

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401 Midland Ave

401

Milner Ave

Conlins Rd

13 23

13

Meadowvale Rd

Sheppard Ave E 26

Ave

Morningside Ave

evin

McL

12 Reesor Rd

Huntingwood Dr

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11 Sewells Rd

Finch Ave E

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Neilson Rd

McNicoll Ave

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Tapscott Rd

McCowan Rd

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4 39

Lakeshore Blvd W

Telephone TH* C* Price Range Page Finder 416-645-8862 • from $250,000 IFC 23F sailcondos.ca • from $200,000 91 2C thekipdistrict.com • from $233,000 58 22F 416-495-3544 • from $250,000 Insert 25c 416-259-2525 • from $550,000 Insert 20H 416-493-0123 • 97 2C CondoHomeShow.ca • from $260,000 37 2G 416-495-3544 • from $400,000 Insert 26H 416-367-7303 from $235,000 4F 647-692-8417 • from $250,000 23H academycondos.com • from $220,000 10D academycondos.com • from $220,000 10D 416-203-6636 • from $400,000 25H 416-495-3530 • from $250,000 24F 416-321-1659 • from $230,000 25H 416-695-3535 • from $280,000 20G 416-695-3535 • 20G 416-698-3020 • 2H 416-747-0199 • from $230,000 22B 416-800-0812 • from $230,000 22B 416-266-3655 • from $200,000 8F 416-746-1234 • from $570,000 23D 416-702-1234 • from $250,000 2C 416-699-1711 • from $300,000 2G esquirehomes.ca • from $210,000 12D keywesttorontocondo.com from $320,000 25H 416-901-0206 • from $220,000 24H 416-296-1898 • from $185,000 5D 416-259-2525 • from $390,000 20F 416-259-8882 • from $300,000 24H 416-354-2221 • from $350,000 23H joycondos.com • from $220,000 4c 416-495-3544 • 6D 416-233-5554 • from $250,000 21F 416-231-0999 • from $456,000 22g 416-620-1887 • from $290,000 20F 416-253-5838 • from $170,000 23G 416-239-8200 • from $250,000 23F northstarhomesinc.com • from $320,000 23F 416-239-9888 • from $250,000 23F 416-293-5535 • from $240,000 4C 416-293-5535 • from $220,000 4C 416-762-8818 • from $293,000 25G 416-745-6686 • • from $270,000 11E 416-750-2150 • 3E 416-2611-9555 • from $160,000 3E 416-638-8444 • from $240,000 21C 416-913-2136 • from $350,000 22H 647-351-7823 • from $200,000 24G 416-430-0003 • from $250,000 8D Attention Builders - Want to add your community to our maps?

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

torontoregionalmaps: Scarborough, Etobicoke

101

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

102

#

Builder

Site

1

Menkes Developments Inc.

Telephone

TH* C*

Price Range

•

from $350,000

Harbour plaza

416-591-7700

15 The Daniels Corporation

Daniels Waterfront

416-221-3939

18 URBAN CAPITAL

RC3

416-862-0505

58 GREAT GULF

Monde

416-466-8885

• • from $320,000

60 CANALFA GROUP

Liberty Central by the Lake Two

416-537-0047

2

Concord Adex

FWD at Concord CityPlace

416-813-0999

3

Concord Adex

Quartz at Concord CityPlace

3

Concord adex

4 4

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Insert

14F

• from $280,000

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• from $220,000

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• •

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416-813-0999

• •

12F

ParadeTWO Park Collection at Concord CityPlace

416-813-0999

• from $308,000

15M

Monarch Corporation

Nautilus at Waterview -

416-203-6636

• from $400,000

25H

tridel corporation

Aqualina at Bayside Toronto

416-514-2710

•

16E

4 tridel corporation

AquaVista at Bayside Toronto

416-514-2710

• from $1,000,000

16E

5

Cresford Development Corp.

NXT at Windermere By The Lake

416-977-5300

• • from $350,000

11f

5

Cresford Development Corp.

NXT2/Phase Two

416-977-5300

• • from $210,000

4E

8

CONCORD ADEX

Spectra at Concord CityPlace

416-813-0999

• •

14F

10 Great Gulf

Twenty Lombard

416-499-8883

• from $492,000

16K

11 CAMROST FELCORP

California Condominiums

sunsetcondos.ca

• from $242,000

25G

18 URBAN CAPITAL

River City 2

416-862-0505

• from $276,000

16F

29 Pinnacle International

33 Bay Residences at Pinnacle Centre

416-925-3325

• from $375,000

15F

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

• from $250,000

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

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

Price Range

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905-271-5038

• from $280,000

12C

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647-692-8417

• from $250,000

23C

Davies Smith

Eleven Superior

416-259-8882

• from $300,000

23C

DUnsire Developments

Anchors at Lakeview

905-990-1745

• from $420,000

13B

5 Davies Smith

Hearthstone by the Bay

416-259-4466

•

24C

8

San Francisco By The Bay

905-831-3631

• • from $180,000

23J

Watermark

416-354-2221

19D

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Phillip M

416-495-3544 48

Whitby

• from $350,000

Park Rd S

TH* C*

Lake

Bloor St

S

Whitby 7 Waterfront

Stevenson Rd

W entworth St

Lindsay

Uxbridge

Gibb St

Park Rd S

Up

King St WBond St

Thornton Rd

Blair St

8

401

AdelaideAve

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

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

Centre St.

Garrard Rd Kendalwood R

n

Manning Rd

Hopkins St

Brock St S Henry St Gordon St

Garden StBlair St

Dundas St E

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Ajax-Whitby

48

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25 queenscorp residences

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Thornton Rd

Brock St N

McQuay

Townline Rd

Bu

Garrard Rd

Thickson Rd

Garden St

Baldwin St S

Country Lane

Conlin Rd

Rossland Rd

Cannington

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Stevenson Rd

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Baldwin St N

RoyalYork Rd

Park Law n Cedarbrook T

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Ashburn Rd

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Keswick

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9

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Halls Rd N

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400

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Church St E

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Lake Ridge R

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

Delaney Dr

400

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Brawley Rd Bloor St W

Salem Rd

Vespra 401

20

Columbus Rd

Fifth Conces 12 11 9

Harwood Ave

Stroud's

Wasaga Beach

19

D undas St W

Salem Rd

Glenanna Rd

18

Mississauga Taunton Rd E Waterfront Orillia

Rossland Rd

27

Myrtle Rd W Rathburn Rd

6 Concession

W estney Rd N

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Greenwood Rd

Rd

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103

CONDO WATCH

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

new releases & grand openings

previews & registrations

PACE ON MAIN

By Geranium Homes

THE ARBORS CONDOMINIUMS

By Brookfield Residential

Now open, one-, two- and three-bedroom suites in Stouffville’s only boutique condominium; just 10 minutes north of Markham.

Web: PaceOnMain.com

Live an A-list lifestyle in an A-list location in Aurora. Register now for A-List Access to exclusive updates and your VIP Preview Invitation.

Web: LiveArborsCondos.ca

OAKVILLAGE

By Minto, Branthaven and Emshih

BLOCK NINE

By Amacon

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

Web: Oakvillage.ca

LEGACY PARK

By Liberty Development Corp.

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

Web: LegacyParkCondos.com

URBAN TOWNDOMINIUMS

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

Web: RosehavenUrban.com

HOT CONDOMINIUM

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

Web: GreatGulf.com

THE CRAFTSMAN CONDOMINIUM

By Vandyk New sales centre and model suite now open.

Check out these artisan-inspired condo residences, coming to Clarkson Village.

Web: CraftsmanCondo.com

PINNACLE GRAND PARK 2

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

Web: PinnacleGrandPark.ca

Coming soon to the heart of Mississauga.

Register now to secure your spot.

Web: LifeatParkside.com

SENSES CONDOMINIUMS

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

Web: SensesCondos.com

UNIONVILLE GARDENS

By Wyview Group Gracious living coming soon to Hwy. 7 and Village Parkway. Register for your private appointment.

Web: UnionvilleGardens.com

AMBER

By Pinnacle International Condominium residences coming soon to Pinnacle Uptown, in Mississauga’s Hurontario and Eglinton neighbourhood. Register today.

Web: PinnacleUptown.com

VILLE CONDOMINIUMS

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

Web: VilleCondos.ca

THE SORRENTO

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

Web: TheSorrento.ca

THE MET CONDOS

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

Web: TheMetCondos.com

104 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

GTA Edition July 4 – August 1, 2015

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

IN THIS SECTION Maps and listings for new condo communities in the 905 region Builder news and the latest in condos in the 905 JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 105

IN THE NEWS

Empire Communities reaches new heights at Rain Condos in Oakville

E

mpire Communities has marked a significant milestone in construction at its Rain Condos in Oakville. Empire celebrated construction reaching the top of the building with a toppingoff event that saw guests ride a construction elevator to the top level to take in the views of surrounding Oakville.

“Rain has already proven to be Oakville’s most successful condo community,” says Paul A. Golini Jr., co-founder and executive vicepresident, Industry Relations.

“The success of Rain Condos is a testament to the trust that purchasers have in the communities we build, and we’re excited to mark this occasion and bring to life our first project in Oakville.”

Rain is a dynamic, urban design of two towers at 19 and 21 storeys, connected by a five-storey podium.

The master-planned community located on the northeast corner of Kerr Street and Speers Road will become the northern gateway to the vibrant, revitalized Kerr Village.

Elegant suites range from functional studios to luxurious two-bedroomplus-den layouts. Senses Condos is the latest release of Empire’s successful Rain Community.

Architects Enzo Corazza and Domenic Biase, from the award winning firm Graziani + Corazza, designed the community to provide suites with maximum access to sunlight and panoramic views, while

106 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

Executives from Empire Communities and partners celebrating the topping off – a milestone in the construction of Rain Condos in Oakville

also giving residents privacy. All suites feature expansive glass balconies or terraces and high-quality features and finishes.

Amenities at Rain Condos epitomize the benefits of a carefree lifestyle with a 24-hour concierge, indoor pool, exercise room, and a yoga and Pilates studio. Residents will enjoy entertaining guests in the beautiful party room highlighted by a soothing linear fireplace. There is a full kitchen and private dining area, and a landscaped rooftop terrace complete with privacy cabanas, a barbecue and seating areas. The entertainment room is perfect for meeting with friends or just relaxing after a long day’s work.

Located in the revitalized Kerr Village, residents will experience an eclectic array of quaint shops and upscale restaurants. To the south is the charm of historic downtown Oakville with designer clothing destinations, charming cafes and gourmet restaurants.

For those commuting outside of Oakville, the Oakville GO Transit and Via Rail stations are within walking distance with the commute to Union Station in downtown Toronto taking no more than 45 minutes on the GO Train. The transit-rich location also offers quick access to the QEW. Prices for suites at Rain and Senses start from $229,990.

Learn more at empirecommunities.com, or visit the presentation gallery at the corner of Kerr St. and Shepherd Rd., or call 905.845.7246.

NOW OPEN IN THE HEART OF DOWNTOWN BURLINGTON

B URLINGTO N

HOTEL INSPIRED

CONDO LIVING Located on Maria Street, a nice quiet residential tree-lined neighbourhood area right downtown, The Berkeley is away from the hustle and bustle of the lakeshore yet within easy walking distance of all downtown Burlington’s shops, restaurants and entertainment.

SALES CENTRE HOURS: MON-THURS 4 PM-8 PM SAT & SUN 1 PM-5 PM CLOSED FRIDAYS

SALE S CEN TR E: 2107 OLD LA KESHOR E R OA D, L7 R 1A 4

905-637-3885 • theberkeleycondo.com Prices and specifications are subject to change without notice. E. & O.E. Rendering is artist’s concept.

NEIGHBOURHOOD PROFILE

Mississauga City Centre

By Lydia McNutt

F

orty years ago Mississauga was little more than farmland. Today, it is among the fastest-growing areas of the GTA. And while for downtown Torontonians, this west-end ‘hood may still be considered a sleepy suburb, Mississauga City Centre is far from it. And like any notable “downtown,” the area boasts eye-popping architecture in the form of the Absolute World towers, whose sultry silhouettes have made their mark on Mississauga’s skyline, and the international architectural stage.

The first thing that jumps out at you as you stroll the streets of Mississauga City Centre are its gleaming glass towers which mingle with lush, leafy trees on the jagged skyline. While you may need a car to get here (unless you’re lucky enough to call it “home”), once you’re here you’ll find that downtown Mississauga is highly walkable and livable, with employment, shops, services, dining and entertainment within a short stroll. For trips further afield, Mississauga City Centre is also a public transit hub, and also boasts easy access to Hwy. 403, the 401 to the north and the QEW to the south.

The vibe Mississauga Village Centre immediately evokes the feel of a new city, reflected in glistening glass towers (and seemingly ever-present cranes and construction), young trees lining the streets, and the young residents to match – ‘new’ either in age, or in Canadian residency.

Meet the neighbours Young single professionals, ‘new’ couples just starting out, downsizers and empty-nesters, as well as some small families (think one kid and a little dog). Culturally speaking, it’s a pot pourri.

In the area The neighbourhood boasts some of Mississauga’s better-known landmarks, like Square One Shopping Centre, the Living Arts Centre and Celebration Square. It’s also home to a wide range of cultures which 108 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

FAST FACTS Average household income: $125,503 Family structure: 40% families, 35% couples, 25% singles Own or rent: 93% own versus 7% rent On the tube: Suspense/crime dramas, movies, news/current affairs On tap: Coors Light (21%), Stella Artois (18%) and Alexander Keith’s (17%) Source: Environics

flavour its leisure landscape with a veritable world-tour of restaurants and festivals to take in.

Planes, trains and automobiles The City Centre Transit Terminal is the hub for Mississauga’s MiWay public transit.

You can also catch a Zum bus into Brampton, or connect to the TTC Islington subway station. GO Transit from the Square One terminal takes you beyond the city limits.

Driving? Hurontario is the living spine of the city, and Hwy. 403 marks the neighbourhood’s northern boundary.

Dollars and sense Mississauga is still relatively affordable when you compare its downtown real estate to that of Toronto. And the gap between lowrise homes is even greater. Aside from price, you get more bang for your buck out west, where the homes generally offer more square footage than its Toronto counterparts.

Visit YPNextHome.ca for more photos and neighbourhood profiles.

HOW HOW WOULD HOWWOULD WOULD YOU YOU SPEND YOUSPEND SPEND

$$20,000?

20,000?

***

FOR A LIMITED TIME: FOR FORAALIMITED LIMITEDTIME: TIME:

BUY BUY NOW BUY NOW NOW

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

WINTER GARDEN WINTER WINTERGARDEN GARDEN

GRAND SUITE GRAND GRANDSUITE SUITE

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

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

YONGE ST.

HILLCREST MALL HILLCREST MALL

BAYVIEW AVE. BAYVIEW AVE.

9612 Yonge Street

YONGE ST. YONGE ST.

9612 Yonge Street

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

BAYVIEW AVE.

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

16TH AVE. 16TH AVE. 407 407 407

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

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 109

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* Due to scale restrictions, locators are approximate.

Please see builder’s ads for exact locations.

Ki

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Bolton

23

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AMACON

Site

Telephone

TH* C*

Price Range

Block Nine

905-273-9333

•

17 Pemberton Group

Downtown Erin Mills Condominiums

905-630-6300

•

20 Carriage Gate Homes

Page

Finder 81

20L

from $300,000

9

18M

The Berkley Downtown Burlington theberkeleycondo.com

•

107

5M

34 Pinnacle International

Pinnacle Uptown

•

5

19K

1

Vandyk Communities

The Craftsman

from $310,000

21N

2

Windcatcher Development Corporation

Atwater Condos

905-271-5038

•

from $280,000

24L

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 $700,000

20K

4

Conservatory Group

Mirage

905-232-2400

•

from $270,000

20K

6

Forest Green Homes

Ville Condominiums

from $220,000

16L

7

Great Gulf

HOT

905-828-4257

•

from $330,000

16M

8

Fernbrook Homes

Absolute World

416-869-6057

•

from $188,000

21k

8

Cityzen

Absolute World

416-869-6057

from $188,000

21K

9

Empire Communities

Senses Condominiums

905-845-7246

•

from $230,000

17Q

10 AMACON

The Residences at Parkside Village

905-273-9333

•

from $,000

21K

12 Alterra Homes

Renaissance in Olde Brampton

416-710-1010

•

from $490,000

13H

14 Pemberton Group

Rosedale Village Golf & Country Club

905-799-5000

•

from $346,000

13F

15 ADI Development Group

Link2 Condos+Lofts

905-592-2028

•

from $195,000

5M

16 Vandyk Communities

Windows on the Green

905-822-3333

from $300,000

19N

18 Retirement Lifestyle Communities

Palisades on the Glen

905-820-8210

•

from $290,000

18N

21 Casino Bay Dev. Corp./Toddglen

Panoramic Point at Brewery Bay

1-866-611-5525

•

from $264,000

7Q

27 Inzola Group

Park Place

905-451-7001

•

from $310,000

14H

30 Pinnacle International

Pinnacle Grand Park 2

905-276-3981

•

from $200,000

20L

30 Pinnacle International

Pinnacle Grand Park

905-276-3981

•

from $300,000

20L

32 Armour Heights Developments

River’s Edge

905-533-2400

•

from $285,000

14A

35 Ashley Oaks Group

Emporium at Joshua Creek

905-618-0660

•

from $200,000

17O

38 Tridel Corporation

Metrogate - Ventus 2

416-293-5535

•

•

from $302,000

19J

38 Tridel Corporation

Ventus at Metrogate

416-293-5535

•

•

from $344,000

19J

45 Empire Communities

Rain Condominiums

905-845-7246

•

from $200,000

17Q

46 Mattamy Homes

The Mount Pleasant Village

mattamyhomes.com

•

from $200,000

20K

47 The Daniels Corporation

Daniels Erin Mills

905-306-6996

•

from $250,000

17M

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

905-568-9000

craftsmancondos.com

villecondos.ca

•

•

•

from $250,000

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

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

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

#

111

1

A

2

3

4

5

6

7

8

9

10

11

12

13

14

15

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

16

17

18

19

20

East

Rd

H w y.27

Legacy Park

32 Liberty Development Corp.

Royal Gardens

43 Guizzetti Developments

Grand Palace

Telephone

34

TH* C*

Town of Markham

46

12

5

7 407

11 Concess ion R

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14 Ave

2

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Builder

Key Maps

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

14

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26

28

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404

8

7

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407

404

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45

Kennedy Rd

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32

1

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Leslie St

Leslie St

112

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7

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24 1 13

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407

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44

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50

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404

M ajor M acKenzie

25

401

19 Ave

Elgin M ills Rd

Richmond Hill

Rutherford Rd

400

Yorklan

St

20

Regent St M illSt

Maple

19th Ave.

24

401

401

G am ble Rd

Bathurst St

D ufferin

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22

Keele St

H untington

11

M ajor M ackenzie

ff Rd Langstaf

Jefferson Sideroad

Cr

Teston Rd

d

400

Jane St

Kirby Rd

N ashville Rd

W eston Rd

c

Pine Valley

Cold Cree k Rd

12 Line Rd

King-Vaughan Rd

Tow n of Ajax

City of Pickering

Yonge St

6

Bayview Ave

King Rd

23

Tow n of W hitby

Bloom ington Sideroad

b

21 22

Markham

D enison St

Price Range

Page

Finder

905-731-8302

•

from $265,000

36

CondoHomeShow.ca

•

from $303,000

37

10g 15F

905-907-4370

•

109

12E

•

1

Monarch Corporation

Garden Court

416-495-3595

from $400,000

16D

2

Flato Development

Arthouse Condos

905-554-8722

from $200,000

22D

3

Tribute Communities

Varley

905-604-1477

•

from $520,000

19F

4

Tridel Corporation

Renaissance of Richmond Hill

416-736-9500

•

from $740,000

14E

5

Lindvest

Grand Cornell Brownstones in Markham

905-294-6161

from $340,000

23F

6

Armour Heights Developments

The Sorrento

289-637-1777

•

from $390,000

13B

7

MintoUrban Communities Inc.

WaterGarden

416-915-3800

•

from $369,000

12F

8

Wyview Group

Unionville gardens

•

18F

unionvillegardens.com

10 Great Lands Corp.

The Beverly Hills Resort Residences

11 Triaxis Development Inc/Marino Developments

Courtyards of Maple

416-798-7070

•

from $390,000

7D

12 Greenpark Homes

UV2

905-554-6501

•

from $253,000

22F

14 Remington Group

The Signature Condominium

905-948-9900

•

from $300,000

18F

14 Remington Group

Model Suite of the Month

905-948-9900

•

from $300,000

18F

20 Solmar Development Corp

Bellaria Residences

905-417-8482

•

from $240,000

7e

22 Quadra Mgt. & Sceptre Devs.

Renaissance Court at Woodbridge Gates

905-851-4220

•

from $505,000

2F

22 Wycliffe Homes

Fairground Lofts

905-605-5900

•

from $340,000

2F

24 Liberty Development Corp.

The Fountains

905-731-8302

•

from $272,000

10F

26 Rice Development

Ambria

905-796-3630

•

from $340,000

3F

28 Chestnut Hill Homes

San Francisco by the Bay

905-831-3631

•

from $200,000

22C

31 Pemberton Group

Sky City

905-709-5700

•

from $320,000

12F

31 Pemberton Group

Sky City 2

905-709-5700

•

from $320,000

12F

32 Signature Communities

TAO Boutique Condos

905-597-2535

•

from $200,000

15F

33 Pemberton Group

Miracle at Yonge

905-709-5700

•

from $280,000

12F

34 Sierra Homes

68 Main Street

905-305-0822

•

from $250,000

21E

40 Nova Trimax

Allegra

905-850-6866

•

from $250,000

1F

41 Quadcam Development Group Inc

Vista Parc Condominiums

905-850-8883

•

from $260,000

3F

44 Liberty Development Corp.

Centro Square Condos 2

905-851-8877

•

from $399,000

5F

45 Kylemore Communities

The 6th Angus Glen

905-887-9950

•

19E

46 Empire Communities

The Mark

905-554-5015

•

22E

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

905-882-6636

•

•

from $250,000

from $250,000

12E

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

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

HOMEBUYERS’ HELP

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

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 113

HOMEBUYERS’ HELP

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

EXAMPLE: 5%

25 YEARS

5.82

125 (MORTGAGE AMOUNT $125,000)

$

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

03 Choose your desired

04 At the intersection of

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

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

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

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

114 NEW CONDO GUIDE JUL 4 - AUG 1, 2015

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

Also, banks and trust companies vary in their policies.

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

Mortgage payment calculation chart

%

INTEREST RATES

Amortization Periods 15 YEARS

20 YEARS

25 YEARS

30 YEARS

2.50%

$666

$529

$448

$394

2.75%

$678

$541

$461

$407

3.00%

$690

$554

$473

$421

3.25%

$702

$566

$486

$434

3.50%

$714

$579

$499

$448

3.75%

$726

$591

$513

$461

4.00%

$738

$604

$526

$476

4.25%

$750

$617

$540

$490

4.50%

$763

$630

$553

$504

4.75%

$775

$644

$567

$519

5.00%

$788

$657

$582

$534

5.25%

$801

$671

$596

$549

5.50%

$814

$684

$610

$564

5.75%

$827

$698

$625

$579

6.00%

$840

$712

$640

$595

6.25%

$853

$726

$655

$611

6.50%

$866

$741

$670

$626

6.75%

$880

$755

$685

$642

7.00%

$893

$769

$700

$659

Table provided by Calum Ross, owner, president and principal broker at Calum Ross Mortgage. He can be reached at 416.410.9905, calum@calumross.com and calumross.com JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 115

Ontario’s best source of real estate information to

buy, rent, sell or renovate [ 4-WEEK ISSUE ]

[ 4-WEEK ISSUE ]

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HOMEBUYERS’ HELP

Compare mortgage rates for your best deal CHARTERED BANKS

Variable

ATB Financial

2.35

Alterna Svgs/Alterna Bk

2.55

Bank of Montreal

2.85

Bank of Nova Scotia

2.85

Canadian Western Bank CFF Bank CIBC

2.85

ICICI Bank Canada Manulife Bank

2.9 2.55

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

6.70op

National Bank

n/a

President’s Choice Financial Royal Bank

2.5 2.85

TD Canada Trust

2.85

Tangerine

2.85

4.45 4.4 6.70op

6.30op

1 Year 2.94 4.00op 2.85 5.30op 2.89 6.30op 3.29 6.50op 3.14 6.30op 2.99 1.99 6.35op 3.15 3 3.35op 2.89 6.70op 3.14 6.30op 2.89 6.30op 3.19

2 years

3 years

4 years

5 years

2.64 4.00op 2.85

2.54

2.69

2.74

2.59

2.94

2.98

2.84

3.39

3.89

2.74

3.09

3.39

3.89

4.49

3.04

3.65

4.2

4.74

2.79 2.84

2.49 3.55

2.89 2.69

2.69 4.79

3.65 2.94

3.64 2.84

3.69 2.79

3.69 2.79

2.84

3.39

2.74

2.84

2.29 3.04

3.49 3.65

2.67 4.39

4.44 4.64

2.24

3.39

3.89

2.74

3.24

3.49

3.69

3.79

3.25 2.59

3.95 3.39

4.39 3.89

4.64 4.64

3.5

3.7

4.3

4.35

2.35 3.09

2.39 3.39

2.59 3.89

2.59 2.99

3.09

3.39

3.89

4.49

3.1

3.33

3.65

3.13

2.89

2.95

2.99

2.69

2.19 2.59

2.34 2.69

2.54 2.84

2.69 2.69

2.69

2.89

2.79

2.89

3.09

3.39

3.89

4.74

2.9

3.4

3.9

4.45

3.09

3.55

3.29

2.69

2.85

2.95

3.05

3.15

2.55

2.55

2.65

2.65

TRUST COMPANIES Community Trust Concentra Financial

n/a n/a

Effort Trust

n/a

Home Trust Company Investors Group Trust

2.35 n/a

MTCC

2.85

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

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

OTHER FINANCIAL INSTITUTIONS Airline Financial C.U.

4

Comtech Credit Union

2.45

First National Fin. LP FirstOntario C.U.

2.85

IC Savings

2.85

London Life

n/a

Luminus Financial

2.8

Meridian Credit Union

2.65

Parama Credit Union

2.65

Steinbach Credit Union

2.4

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

4

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

Notes **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice.

R.O.R. = RATES ON REQUEST OP = OPEN ----- = NOT QUOTING N/A = NOT AVAILABLE Prepared by http://www.FiscalAgents.com/mortgage/rates

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 117

index of advertisers Alit Developments - The Ravine

47

Liberty Development Corp. - Royal Gardens

37

AMACON - Block Nine

81

Liberty Development Corp. - Terrace on Danforth

37

Aragon Properties - Enigma on the Park

95

Liberty Development Corp. - The Village Residences

35

Aspen Ridge Homes - Studio on Richmond

51

Liberty Development Corp. - World on Yonge

37

Bazis Inc. - No1 Yorkville

3

Brandy Lane Homes - The Station

24

Brookfield Homes - The Arbors

75

Camrost - Felcorp - Blue Diamond at Imperial Plaza Canalfa Group - Liberty Central by the Lake - Phase One Canalfa Group - Liberty Central by the Lake Two

1 73 62-63

Capital Developments - 150 REDPATH

41

Carttera - One Eleven Condominiums & Lofts

89

Carriage Gate Homes - The Berkley Downtown Burlington

107

Castle Group Developments - Vida at Bayview Village

52

Children’s Discovery Centre - Come Play

85

Citycore - Harmony Village

97

Concert Properties - The KIP District

58

Concord Adex - Omega On The Park

28-29

Lifetime Developments - The Bond Condominiums Luxury Living Magazine - Promo Madison Homes - Briar Hill

Insert 60 56-57

Madison Homes - Zigg St.Clair West

53

Malibu Investments Inc. - Smart House

22

Menkes Developments Inc. - 365 Church

Insert

Menkes Developments Inc. - 87 Peter

Insert

Menkes Developments Inc. - Fabrik

Insert

Menkes Developments Inc. - Gibson Square

Insert

Menkes Developments Inc. - Harbour Plaza

Insert

Menkes Developments Inc. - Humber Mews

Insert

Menkes Developments Inc. - Pears on the Avenue

Insert

Menkes Developments Inc. - The Eglinton Yonge at Heart

Insert

Cresford Development Corp. - 1000 Bay

120

Mobile App - Promo

Cresford Development Corp. - CASA 2

IBC

Monarch Corporation - Lago

72 & 94 Insert

Dundee Kilmer Developments - Canary Park Condominiums

54

Monarch Corporation - Model Suite of the Month

Eden Shaw - Chaz Yorkville Condos

27

Monarch Corporation - Picasso on Richmond

Insert

ELAD Canada - The Colours of Emerald City

69

Monarch Corporation - Riva del Lago

Insert

Empire Communities - Eau Du Soleil Waterfront Condominiums

6-7

Monarch Corporation - Waterscapes

Insert

Family of magazines - Promo

116

Opearl Developments - Sail Condominiums

91

Pemberton Group - Citylights on Broadway

8

Pemberton Group - Downtown Erin Mills Condominiums

9

Pinnacle International - Pinnacle Uptown

5

Fernbrook Homes/Cityzen Dev. - 158 Front Condominiums

79

Fieldgate Homes - Zigg St.Clair West

53

Fram Building Group - 128 Connect Condos

93

Fram Building Group - SOUL

93

Freed - 150 REDPATH

41

Geranium Homes - Pace on Main

65

Ghods Builders Inc. - 5959 Yonge Street

26

Great Gulf - Monde

25

Great Gulf - One Bloor Residences

25

Great Gulf - Yonge+Richmond

25

Guizzetti Developments - Grand Palace

109

Plaza - Corporate

17

30-31

Rockport Group - The Nest

71

Solotex - Upper Beach Townes

86

T.D. Bank - Corporate

83

The Daniels Corporation - Daniels Waterfront

15

The Daniels Corporation - High Park Condominiums

23

The Daniels Corporation - One Park Place Condominiums

39

Tribute Communities - Stanley

61

Harhay Developments - One Eleven Condominiums & Lofts

89

Lamb Development Corp. - East Fiftyfive

59

Tridel Corporation - Islington Terrace

Lamb Development Corp. - The Harlowe

55

Tridel Corporation - SQ2

Lanterra Developments - Riverhouse at the Old Mill

19

Urban Capital - RC3

45

Lanterra Developments - Teahouse

13

Urban Capital - The Ravine

47

Liberty Development Corp. - Legacy Park

36

YP Next Home - Promo

IFC IFC & BC

119

Whether you’re renting or buying, finding your next home has never been so easy.

JUL 4 - AUG 1, 2015 NEW CONDO GUIDE 119

Built to diSQover.

SQ2 is the second stage in a grand production that’s revitalizing one of toronto’s most iconic cultural landscapes. ideally located at Spadina and Queen, SQ2 is master planned living, reimagined. With spacious suites overlooking the cityscape and new green spaces – discover a fresh take on life in the city.

Register now and discover why Vogue selected Queen West as one of the 15 coolest neighbourhoods in the world. Yes, the world.

Eight dEcadEs of homE building. ovEr 80,000 homEs built. tridEl communitiEs arE built grEEn. built for lifE.® *Price and specifications are subject to change without notice. Illustrations are artist’s concept only. Building and view not to scale. Tridel Built for Life®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2015. All rights reserved. E.&O.E. June 2015.

rEgistEr noW Visit the Presentation Centre 519 Queen Street West toronto, Ontario 416.661.1949

tridel.com

ACTUAL WEST VIEW FROM 22nd FLOOR

DESIGN. LOCATION. STYLE. PASSION. TRUST. The locations you love. The designs you desire. The details you demand. A Cresford condominium is luxury living defined. For over 40 years Cresford has been at the forefront of the luxury condominium market. The first developer in Canada to pair its condominium designs with international fashion labels, we set the standard for superb quality, trusted security and cutting-edge style.

COMING SOON REGISTER NOW! 416.485.3000 THECLOVERONYONGE.COM

YONGE & WELLESLEY UNDER CONSTRUCTION PENTHOUSES COMING SOON FURNISHED BY DIESEL LIVING 416.485.3000 VOXCONDOMINIUMS.COM

LIVE LARGE ON BAY STREET MOVE IN WINTER 2015 / SPRING 2016

YORKVILLE | UNDER CONSTRUCTION PENTHOUSES COMING SOON SUITES FROM THE HIGH $300’S 416.486.CASA (2272) CASACONDOMINIUM.COM

Spacious 1, 2 and 3-Bedroom suites with unobstructed views in the heart of downtown FROM THE HIGH $300’S 416.485.3000 1THOUSANDBAY.COM

YORKVILLE | UNDER CONSTRUCTION MOVE IN WINTER 2015 / SPRING 2016 PENTHOUSES FROM UNDER $1 MILLION SUITES FROM THE HIGH $300’S 416.486.CASA (2272) CASA2CONDOMINIUMS.COM

CONDOMINIUM GALLERY: 170 MERTON ST.

BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST’S CONCEPT. E. & O.E.

INTRODUCING THE

SIGNATURE PENTHOUSE COLLECTION BY

LIMITED EDITION YORKVILLE PENTHOUSES AT 42 CHARLES STREET EAST FROM UNDER $1 MILLION FOR THE FULL STORY VISIT CASA2CONDOMINIUMS.COM BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST’S CONCEPT. E. & O.E.

Built

for a grand opening. bloor strEEt WEst at islington subWaY station

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

Eight dEcadEs of homE building. ovEr 80,000 homEs built. tridEl communitiEs arE built grEEn. built for lifE.® *Price and specifications are subject to change without notice. Illustrations are artist’s concept only. Building and view not to scale. Tridel Built for Life®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2015. All rights reserved. E.&O.E. June 2015.

grand oPEning Suites priced from the mid $200’s* Visit the New Presentation Centre 3326 Bloor Street West, Etobicoke 416.645.8862

tridel.com