GTA New Condo Guide, Oct 25, 2014

Oct 25 - Nov 8, 2014 Volume 18 Issue 20

INSIDE THIS ISSUE

OHBA NAMES AWARDS OF DISTINCTION WINNERS

CREATING THE ILLUSION OF SPACE WITH COLOUR

DOES THE HIGHER FLOOR PREMIUM PAY OFF?

Luxury Set in Nature’s Splendour.

GR AND OPENING

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

*LIMITED TIME ONLY. OCCUPANCY DATE SUBJECT TO AVAILABILITY. PRICES, SPECIFICATIONS AND OFFERINGS ARE SUBJECT TO CHANGE WITHOUT NOTICE. SEE SALES REPRESENTATIVE FOR DETAILS. E. & O.E. ILLUSTRATIONS ARE ARTIST’S CONCEPT ONLY.

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EDITOR’S NOTE

THREE SIMPLE STEPS TO SUCCESS

SUSAN LEGGE EDITOR-IN-CHIEF

Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook Search: Condo Guide

Shopping for a home online is a great way to narrow your search, but there’s nothing like visiting the sites, models and sales offices to get down to the nitty-gritty. Before you venture out, here are some pointers.

First, be clear about what you want and expect in a new home and in your builder.

Remember, the range of prices in the new-home market generally reflects differences in location, features and home styles. There’s no magic involved. If a builder’s pricing seems out of whack with others in the area, ask for an explanation. Higher prices could mean better quality materials, finishings, features and service. Make sure that the price you are paying will deliver the quality you want.

Second, understand exactly what is included with the home you are buying and what is optional. Ask the sales representative to show you samples, and request a “spec” sheet that clearly lists what is included, as well as any upgrade options.

Third, evaluate any promises that have been made during your visit. Is the builder prepared to put them in writing? Hearsay comments should not be included as part of your evaluation process. Sit down with your sales representative, ask questions and discuss your Agreement of Purchase and Sale in detail – then take it to a lawyer before it’s finalized.

THE BEST OF THE BEST

LYDIA MCNUTT EDITOR

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

If you’re shopping for a new condo, you have two distinct advantages over buying resale. First, you are getting a brand new home. Second, you get to choose the home builder. To the latter point, GTA homebuyers can be sure that they’re buying from some of the best builders around.

The Ontario Home Builders’ Association recently announced the winners of the 2014 Awards of Distinction (read more on page 68) which honour innovation and excellence in the areas of building, design, sales and marketing across 39 categories. Congratulations to all the winners!

You might ask, how different can one builder be from the next? Think about all the different types of homes and condos out there, and there’s your answer. Some companies focus on soaring skyscrapers, while others develop close-knit urban townhome communities, or detached lowrise homes. Some builders have an eco-friendly agenda, while others are all about the luxury. Take note of what you want, and then research what home builders can deliver your wish-list.

Look online to find out who is building it the neighbourhoods that interest you. Then, hit the streets. While a visit to the sales centre is essential, explore completed communities by the builder you’re considering and speak to some residents who will give you an honest account of their experience, from purchase to closing, and beyond.

There’s so much choice here in the GTA, whether you seek a smallbut-sweet suite in the city or a spacious home in the suburbs – potentially by an award-winning home builder, which makes you, the homebuyer, the real winner in the end!

WISH UPON A BLUE DIAMOND

COMING SOON , BRILLIANT LIVING AT AVENUE & ST. CL AIR FROM THE $300’S Blue Diamond at Imperial Plaza, a new 27-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.

REGISTER NOW BLUEDIAMONDCONDOS.CA/CG

FO L LOW U S :

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

PRICES AND SPECIFICATIONS SUBJECT TO CHANGE. E.&O.E. BROKERS PROTECTED

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 003

NEW CONDO GUIDE

CONTRIBUTORS

PRESIDENT, WALL2WALL MEDIA

Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge DIRECTOR OF SALES, NATIONAL

Josh Heppner 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

Sara Duck Wayne Karl Elisa Krovblit DESIGN EDITOR

Yanic Simard

SALES MANAGER

Conni Robinson SENIOR ACCOUNT EXECUTIVE

Dionne Fraser dionne.fraser@wall2wallmedia.com SENIOR ACCOUNT EXECUTIVE

Nina Downs nina.downs@wall2wallmedia.com

SALES & MARKETING CO-ORDINATOR

Terry Bassett ADMINISTRATIVE ASSISTANT

Antoinette Jackson PRODUCTION MANAGER

Bala Gnanapandithan PRODUCTION CO-ORDINATOR

Sandra Hanak-Vujnovic CONDO PRO

Barbara Lawlor 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.

STAT CHAT

INDUSTRY INSIDER

Ben Myers

David Hirsh

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

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

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

Visit BrandyLaneHomes.com.

GRAPHIC DESIGNERS

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

Published By

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

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

COPYRIGHT 2014 All rights reserved by Wall2Wall Media.

Reproduction in any form is prohibited. Contents of this publication are covered by copyright and offenders will be prosecuted under the law.

TERMS Advertisers, editorial content and new condo guide are not responsible for typographical errors, mistakes or m ­ isprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL submissions from interested parties will be considered. Email to susan.legge@wall2wallmedia.com.

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

ADVERTISING

INVESTOR ADVICE

MORTGAGE ADVICE

Andrew la Fleur

Alyssa Richard

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

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.

004 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

SMALL SPACES

Leigh-Ann Allaire Perrault

Leigh-Ann is a DIY design expert and colour connoisseur, with a design philosophy that fuses ingenuity, whimsy, and quality on a “frugalista” budget. After nearly a decade as the Colour & Design Specialist for Benjamin Moore Paints, Leigh-Ann opened her own media and design company in 2013, Hue La La.

Please recycle this magazine! Wall2Wall Media participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada.

Established in 1990, this program was started with Scouts Canada to help replenish the environment.

@BazisInc OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 005

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

OWN A PIECE OF TORONTO’S WATERFRONT NEW RELEASE OF UNOBSTRUCTED WATER-FACING SUITES AND OVERSIZED TERRACE SUITES Where the city meets the waterfront and fantasy meets reality, an extraordinary vision of lakefront luxury takes shape. Eau Du Soleil Condominiums, Toronto’s ultimate waterfront address, with endless city and lake views, luxurious suite designs and inspired resort-style amenities.

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ISLINGTON AVE.

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Urban Condos at Bloor & Islington Steps to the Subway, Shopping, Dining & More.

BLOOR ST. W.

PEMBERTONGROUP.COM 416.239.8200 SALES CENTRE: 9 Michael Power Place HOURS: Mon – Thurs 12 – 7pm, Sat & Sun 12 – 6pm Fri Closed

*See a sales representative for full details. Limited time only. Exclusive listing brokerage, Circle M Realty Corporation, Brokers Protected. Illustration is artist’s concept. Prices and specifications are subject to change without notice. E & O.E.

008 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

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

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

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905.603.6300 PEMBERTONGROUP.COM SALES CENTRE: 4635 METCALFE AVE. HOURS: MON. - THURS. 12-7 PM, SAT. & SUN. 12-6 PM, FRI. CLOSED

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

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 009

BILD REPORT

// BY BRYAN TUCKEY

CANARY DISTRICT about to take flight for Pan Am

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 @bildpres or follow BILD @bildgta, facebook.com/bildgta, and bildblogs.ca.

F

or Jason Lester, Canary District is a big feather in his cap.

The president of developer Dundee Kilmer loves being at the helm of creating this innovative, complete community, located on 35 acres in the West Don Lands area in downtown Toronto’s southeast.

“It’s a privilege,” Lester says. “It’s a complete community with retail, a residence for George Brown students, and the YMCA will be a huge anchor.

It’s very dynamic.”

Let’s expand on that: Canary District will start off as an athlete’s village to 10,000 competitors from 41 countries participating in the 2015 Pan Am/Parapan American Games. By 2016, about 2,000 people will live in the transformed village in more than 1,300 units, and that number will grow to 3,500 people in 2,500 units by 2020.

010 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

The community’s new housing will be comprised of: Canary Park condominium towers rising 11 and 15 storeys on a podium, for 437 units; 808 townhome and loft units; 253 units of affordable housing comprising two-storey maisonettes and one- and two-storey apartments; and a 175,000-sq.-ft. satellite campus residence for George Brown College students.

But the hub of the community will be the massive new Cooper Koo Family YMCA, an 82,000-sq.-ft. athletic complex with a pool, gym, fitness centre and community facilities. Atop the centre is an 11,000-sq.-ft. green roof, which provides more outdoor greenspace to the community.

Greenspace and parks will play a big role in Canary District: about one-fifth of the area will be greenspace. That includes a linear park on Front Street. This park will be “almost like a promenade in Europe. It’s unprecedented in terms of its design,” Lester says.

Greenspace and parks will play a big role in Canary District: about one-fifth of the area will be greenspace Front Street will be extended into a vibrant promenade: it will be lined with 40,000 sq. ft. of retail space on the ground floors of its residential buildings, with public art, courtyards, cafes and galleries.

While the community will have a touch of culture, the overall theme of Canary District is health. Lester says it was important for the area to distinguish itself from its surrounding neighbourhoods, such as the arts and cultureoriented Distillery Historic District.

The area’s theme would draw people to the complete community, a place where they can live, work, shop and play, says Lester.

“People that live a very active lifestyle might go to the Y, then eat at a healthy restaurant, we might have a yoga studio or a yoga wear store, or a bike store.

We want to be a hub where the sum of the parts is greater than the whole,” he says. “The community will always tie back to its athletic beginnings of the Pan Am Games.”

In Canary District’s early stages, “move-down empty-nesters” make up a good portion of the buyers thus far, says Lester.

“We just feel that with a lot of our purchasers, in the 416 and 905, people want to live there in their retirement years. There’s also people who live in the Distillery District who have a one-bedroom who want to have a twobedroom-plus-den in our community, and they’re some of our buyers as well.”

I’m proud to tell you that Dundee Kilmer is yet another BILD member that’s helping transform Toronto into a world-class city. Let the games begin!

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OL OLD MILL INN 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 BLOOR STREET WEST any time without notice. Illustrations are artist’s concept. E.&O.E.

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 011

TABLE OF CONTENTS

Oct 25 –Nov 8 2014 VOLUME 18 ISSUE 20

20

THE PINNACLE ON ADELAIDE:

A knock-out in the Entertainment District!

COLUMNS, NEWS & FEATURES 002 EDITOR’S NOTE COLUMNISTS

010 BILD REPORT Canary District about to take flight for Pan Am

BY BRYAN TUCKEY

014 CONDO PRO It’s a family affair

BY BARBARA LAWLOR

018 LEGALLY SPEAKING The pre-delivery inspection

BY JAYSON SCHWARZ

032 HOME SWEET HOME Don’t get spooked by headlines and predictions

BY LYDIA MCNUTT

033 INVESTOR ADVICE Higher learning: Is 50 that much better than 10?

072 MORTGAGE ADVICE Are collateral mortgages good? In theory…

048 STAT CHAT Condominium rents keep going up, up, up!

078 FUNDAMENTALLY SPEAKING Low mortgage rates present a window of opportunity

BY ANDREW LA FLEUR

BY BEN MYERS

056 INDUSTRY INSIDER Care and upkeep of your new home

BY DAVID HIRSH

062 TARION REPORT Have your say: Here’s your chance to rate your new-home builder

BY HOWARD BOGACH

BY ALYSSA RICHARD

BY WAYNE KARL

082 TAXING ISSUES Calculating capital gains tax

BY HENRY CHOO CHONG

084 MAKE YOUR MOVE Technology on the move

BY CHUCK RESNICK

090 DESIGNER ADVICE The art of art

BY YANIC SIMARD

IN THE NEWS

060 FIELDGATE HOMES New designs, new prices, and an exciting new opportunity to own at 90 Niagara 066 ROCKPORT GROUP Breaking ground at The Nest

BY SONIA BELL

068 OHBA AWARDS OF DISTINCTION Awards of Distinction winners announced by OHBA for 2014

096

040 100

108

CONDO PROFILES

040

CONCORD ADEX

Omega on the Park Omega on the Park joins Opus tower in master-planned community by Concord Adex

096

PEMBERTON GROUP

The Urban Townhome Collection The art of designforward living at The Urban Townhome Collection 098 RENTAL REPORT GTA condo rental market hits a Q3 high, growth rate slows to two-year low

BY LYDIA MCNUTT

102 SALES REPORT Canadian home sales ease in September 106 ICON HOMES Icon Homes donates $50,000 to local schools 122 VANDYK The Craftsman Condominium Residences bring the art of living to Mississauga’s Clarkson Village

HOMEBUYERS’ HELP

016 HOT DATES Special events in the GTA 042 130 HOMEBUYERS’ HELP The Canadian dream home has a new laundry list of “must haves” 046 ENTERTAINING 10 ways to be the perfect party host

BY SARA DUCK

052 SMALL SPACES Create the illusion of space with colour

BY LEIGH-ANN ALLAIRE PERRAULT

086 HOMEBUYERS’ HELP Top 10 mistakes first-time homebuyers make, and how to avoid them

BY MARNIE BENNETT

094 CONDO WATCH 416 Previews, new releases and grand openings in the 416 120 CONDO WATCH 905 Previews, new releases and grand openings in the 905 129 CONDO BUYERS’ RESOURCE SECTION 134 ADVERTISER INDEX

100

EMPIRE COMMUNITIES

Eau Du Soleil Toronto’s luxury waterfront community, Eau Du Soleil, releases new Waterview Suites and new designs

108

SOLOTEX

Upper Beach Townes Upper Beach Townes places affordability, location and lifestyle within reach

CONDO PRO

// BY BARBARA LAWLOR

It’s a

FAMILY AFFAIR

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.

I

t is gratifying to see how many families are choosing urban condo living in Toronto these days.

Where in the world can you find a better place to raise children?

Toronto is a wonderful city with excellent schools, beautiful parks, fascinating cultural venues and other amenities for kids of all ages.

This relatively new trend for Toronto is already standard practice in the rest of the world, where condominium and apartment living is the norm for families. In New York and other major international cities, it’s common to find suites with three bedrooms, two bathrooms, a powder room and family room that are 014 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

within the financial reach of average homebuyers. In the past, the larger suites in Toronto condos were usually snapped up by luxury-loving empty nesters moving from lavish homes. Now, these spacious suites are being purchased by families as well, including young families. And with the demand on the rise, developers are including a bigger selection of larger suites that are reasonably priced. It makes sense, because with the prices of lowrise homes having risen so much over the past decade, condominiums are an affordable alternative for those who want to own a home and build equity.

Condo living can help families save money in other ways, apart from just the price of the suite itself. Even in the GTA, most condominiums are situated close to public transit to reduce the amount of vehicle use necessary. When you consider the pressure and expense of vehicle maintenance, gas and the time it takes to commute, why not buy a condominium suite closer to where you work? Living in or close to an urban centre means older children can walk, take the subway, and enjoy more freedom than they generally do in the suburbs.

Of course, there is a lot to be said for condominiums themselves when it comes to convenience, and time- and money-savings. Today’s buildings usually contain family-friendly amenities like rooftop barbecue areas, swimming pools, theatre rooms and party rooms. And developers are beginning to introduce dedicated kid-geared amenities such as playgrounds and gymborees. What a great idea – that children can play and get exercise while their parents are working out in the adult fitness area!

I believe that as the condominium market evolves, we will see even more family-oriented amenities added – possibly even day care facilities. Imagine how convenient it would be for a couple to leave for work and drop off their children right in the building!

As for the suites, those in sizes from 1,500 to over 3,000 sq. ft. are far more popular today than they were a few years ago – both for families and for grandparents who enjoy having their grandchildren visit them at their condo. And this trend isn’t just for established families. Young couples who choose to raise a family in a condominium could purchase a one-bedroom-plus-den suite and convert the den to a nursery when they have their first child. Plus, condo owners often find that their suite offers them more usable space than a townhome or detached home of the same size. This is because in a condo, there is no wasted space with hallways, and design advancements have introduced things like linear kitchens and lofts that add to their functionality.

Whatever your family configuration, consider condominium living. From Etobicoke to Richmond Hill to Pickering and throughout Metropolitan Toronto, you will find exciting choices that offer a high quality of life for residents of all ages.

VISIT ONE & YOUR SEARCH IS DONE Tour our fully furnished model suite and townhome today!

beautifully designed living rooms

Actual Model Photography

Suites from the mid $200,000s Towns from the mid $500,000s spacious bedrooms

designer kitchens

Located in the heart of Toronto’s fastest growing neighbourhood — One Park Place South Tower is the newest addition to the internationally recognized Regent Park revitalization. Call or visit us today to receive a tour of the community, the incredible amenities and, of course, our furnished suite LIMITED !** and townhome. Plus, learn how you can buy with 5% down and take FER TIME OF cker advantage of Daniels First Home BOOST* — boosting your & Lo Parking only for downpayment from 5% to 15% interest and payment free!

Call or visit us today! 416.955.0559 danielsoneparkplace.com

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One Park Place Presentation Centre 500 Dundas St East Mon/Tues/Thurs: 12-6pm • Wed: 12-8pm Sat/Sun: 12-5pm • Fri: Closed

*The First Home Boost Program is not available on the townhomes and is only available on a limited number of suites. **Parking and locker incentive are only available on a select number of home types. Conditions apply.

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

HOT DATES

OCT/NOV 2014 Calendar of events taking place from October 25 – November 8

HIGHLIGHTS

OCT. 25

Smashed2014

UNTIL NOV. 2

International Festival of Authors

Oct. 25

Until Nov. 2

Smashed2014

International Festival of Authors

MUSIK, 15 SASKATCHEWAN RD., TORONTO

HARBOURFRONT CENTRE

The Smashed Annual Charity Ping Pong Tournament, one of the development industry’s most anticipated charity events, has announced that all proceeds from this year’s event will go toward Lifeline – a charity established by Lifetime Developments, which aids and supports Toronto’s homeless and at-risk population.

Visit the website for details and to purchase tickets.

SmashedPingPong.com

Now in its 35th year, the International Festival of Authors puts the spotlight on the world’s best contemporary writers with 11 days of events including readings, interviews, lectures, round-table discussions, public book signings and more. Visit the website for the full schedule of events, participants and to get tickets. ifoa.org/festival

Until Nov. 2

Nov. 7 – 16

My Waterfront Photo Exhibit

Royal Agricultural Winter Fair

UNTIL NOV. 2

My Waterfront Photo Exhibit

NOV. 7 – 16

Royal Agricultural Winter Fair

016 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

QUEEN’S QUAY TERMINAL

EXHIBITION PLACE

Experience Toronto’s Waterfront through the eyes of amateur photographers. From hundreds of entries, a panel of judges has selected the top 50 submissions that will be on display at Queen’s Quay Terminal until Nov. 2. Check out the displays and help decide the winner of the People’s Choice Award. waterfrontbia.com/events.asp

Since its start in 1922, the Royal Agricultural Winter Fair has become the largest indoor agricultural and international equestrian competition in the world. More than 340,000 visitors flock to the Royal each year to see over 300 vendors, regal horse shows, entertaining dog shows and everything in between. royalfair.org

first pick.

Like your morning trip to the local market for first pick of fresh produce, Monarch too has been a tradition to many since 1917.

For thousands and thousands of Canadians, choosing Monarch has been central to so many important events in their lives. First homes, first memories, first accomplishments, first friends and even first loves. For almost a century, Monarch has brought people closer together.

So if you’re looking for a new condominium, trust the oldest, strongest and most respected name in Canadian homebuilding.

Choose Monarch. First.

discover more

MonarchGroup.net

first.

Go on vacation every time you come home w No

d! re e t gis Re

Move-in this Year!

That’s what owning Monarch on the waterfront is like.

Monarch offers three landmark condominiums on the sought-after Humber Bay Shores waterfront. Impressive lobbies. Water views. Concierge services. Luxury amenities.

Lounges and rooftop terraces. Nearby bars and restaurants. For resort lifestyle, Monarch has the waterfront covered. Choose Monarch first.

discover more

MonarchGroup.net *Prices, specifications and promotions are subject to change without notice. Rendering is artists’ concept and image is for mood and impression only. E.&O.E.

MonarchGroup.net

ASK ABOUT OUR FANTASTIC INCENTIVES AND VISIT THE SALES CENTRE TODAY! Move-In This Year | Prices from the 400,000’s*

Under Construction | Prices from the $200,000’s*

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Sales Centre Marine Parade Dr. Lake Ontario

Now Open | Prices from the $300,000’s*

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Weekends & Holidays: 12pm-5pm.Closed Fridays

first.

MONARCH COMMUNITIES ETOBICOKE WATERFRONT | Riva Del Lago | Now Open from the $300,000’s Sales Centre located at 2167 Lake Shore Blvd. W. 416-495-3544

ETOBICOKE WATERFRONT | Lago | Under Construction from the $200,000’s Sales Centre located at 2167 Lake Shore Blvd. W. 416-495-3544

ETOBICOKE WATERFRONT | Waterscapes | Move-in this Year from the $400,000’s Sales Centre located at 2167 Lake Shore Blvd. W. 416-495-3544

MARKHAM | Garden Court | Move-in this Year from the $400,000’s Appointment Only 416-495-3595

DOWNTOWN TORONTO | Picasso | Under Construction from the $400,000’s Appointment Only 416-495-3549 SALES CENTRE HOURS: Mon.- Thurs. 12pm - 6pm, Weekend & Holidays 12pm - 5pm, Closed Fridays

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

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first.

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LEGALLY SPEAKING

// BY JAYSON SCHWARZ

THE PRE-DELIVERY INSPECTION The following list will help you make sure you are covered. Visit Tarion.com for a more definitive checklist.

01 Insist on having enough time to do the inspection and allow yourself

enough time with no need to be anywhere else.

02 Write everything down yourself. Don’t let the builder’s representative

take charge.

03 If something has not been installed or completed, this should be noted.

04 Don’t rush! Do not let the builders representative push you. Insist on

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

T

he pre-delivery inspection, or PDI, is a small but incredibly important part of the newhome buying process. Included in the adjustments when you are closing your new home or condo (but not a conversion) is the cost of your Ontario New Home Warranty Program enrolment, which covers defects in the completion of your new home. Any item that is damaged, incomplete, missing or not operating properly should be noted on the builder’s PDI form to verify that these conditions existed prior to occupancy.

Most Agreements of Purchase and Sale make the deficiency list prepared as part of your final inspection the only basis for repairs, subject to the major items such as foundation cracks. What does this all mean?

When it’s time for the PDI, know that if you don’t list it, you may not be able to compel the builder to fix it. It’s critical to list everything!

018 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

moving at you own speed.

05 Write everything down, no matter how seemingly small or insignificant.

06 Do not accept promises of repair during inspection. If something is not right, mark it down.

07 Try every light, socket, tap, drain, toilet, door, lock, window, appliance – everything that could be defective now or go wrong later.

08 Watch for stains on carpet, scratches on wood floors, cracks in paint or drywall, areas where they forgot a second coat of paint, etc.

09 Look for water stains or spots, and if you see them insist on knowing why they’re there, and where they came from.

10 Check out the condominium’s common areas – lobbies, garbage rooms, parking areas, gym, lockers, pool, tennis court. Remember, you own part of the common areas and if parts are incomplete, wrong or defective, list it!

There is probably more, and I do not warrant that this list is complete, but I hope it helps. Remember, this inspection is extremely important to establish your position as it relates to deficiencies, so that no one can say a defect happened after possession. Make sure you check carefully.

On Tarion’s website, it says: “The PDI provides an opportunity to record your home’s condition before you move in. Any issues should be noted on a PDI Form and ideally your builder will correct them right away. The PDI Form does not represent a request for warranty service, so if you fail to note an item this does not necessarily impact your warranty coverage. However, if the problem concerns a damaged or missing item, it may be difficult to establish that this condition existed before you moved in if it is not noted on the PDI Form.”

Some readers ask what happens if the builder rushes them or something happened so they did not get the opportunity to finish their PDI. The answer is to immediately complete your list and send it to the builder and to Tarion. Don’t forget that you have an opportunity to raise these issues in Tarion’s 30-day form, which is submitted to Tarion during the first 30 days of possession. According to Tarion, “It should list any unresolved warranty items from the Pre-Delivery Inspection and any new items that have come up since you obtained possession of the home.”

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COVER STORY

THE PINNACLE ON ADELAIDE: A KNOCK-OUT IN THE ENTERTAINMENT DISTRICT!

AFTER MUCH ANTICIPATION, RESIDENTS ARE THRILLED TO START CALLING THE

Pinnacle on Adelaide “home!” These lucky homeowners are now enjoying life in what has proven to be one of the most exciting and dynamic locations in the city.

The Pinnacle on Adelaide has changed the game in Toronto’s Entertainment District, offering well-designed suites, attractive finishes and excellent amenities, all within an ideal downtown location. Designed by the award-winning Hariri Pontarini Architects, the 46-storey tower offers a mix of clean lines, beautiful glass and excellent touches that make it stand out from the crowd. The tasteful design transfers to the suites, where homeowners enjoy engineered hardwood floors, stainless steel appliances, designer cabinetry and floor-to-ceiling windows.

Topping any purchaser’s must-have list, The Pinnacle on Adelaide offers excellent amenities, all focusing on health, wellness and relaxation.

Residents will enjoy a fabulous indoor pool, hot tub, sauna, sundeck, fitness centre, yoga room, games room and party room, plus the convenience of a friendly 24-hour concierge. Soon, a series of retailers will take occupancy at the ground level, including the historic 020 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

1869 Richard West House, while a tranquil reflective pool along John Street will provide a nice retreat on a sunny afternoon.

Located in the centre of Toronto’s cultural scene, the Entertainment District is home to some of Toronto’s best dining, theatre and shopping options.

Living at the southwest corner of Adelaide and John makes it easy to catch a show at the Royal Alexandra Theatre or pop by TIFF Bell Lightbox and see the latest in cinema. Take a stroll down King Street and enjoy the sights and sounds of one of Toronto’s most vibrant neighbourhoods, or spend

an afternoon shopping along Queen Street. When it comes time to eat, the options are limitless! Dress to the nines and head for the trendiest restaurant around, or kick back with your pals on a patio.

You’ll be happy to know that getting around is a breeze! A King or Queen streetcar is always just moments away, with connections to the University subway line and beyond. Residents without a car can

easily access an AutoShare vehicle parked directly in their garage. Another perk of this location is the proximity to Billy Bishop Airport, and soon the commute to Pearson Airport will be swift on the Union Pearson Express.

A selection of suites remain including onebedroom, one-bedroom-plus-den and two-bedroom designs, priced from the mid-$300,000s. And if that’s not enough to wow you, the 46th floor offers two ultra-luxurious three-bedroom penthouses from $2.2 Million. With five per cent deposits and immediate occupancies available, the time to start packing your bags is now!

Pinnacle International is one of Canada’s leading builders of luxury condominium residences, hotels and commercial developments. Based in Vancouver, Pinnacle has been involved in development, design, construction and management for over three decades.

Pinnacle’s portfolio includes landmark locations in Vancouver, Toronto, Mississauga and San Diego. A Pinnacle property is always place-perfect, with an élan of its own.

To become part of this exciting new condominium address, visit the sales centre and model suites located at 283 Adelaide St. W. (at John Street), and see what this incredible condominium has to offer. The sales centre is open daily from noon to 6 p.m. and offers complimentary parking. To find out more about the Pinnacle on Adelaide, download the Pinnacle iPad App, visit PinnacleAdelaide.ca, or call 416.596.1600.

021

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THEROYALYORK.CA/416.901.0206 Exclusive Listing: X-Sell REALTY Ltd, Brokerage. Brokers Protected. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept. E.& O.E. All brand names, logos, images, text and graphics are the copyright of the owners, Icon Homes. Reproduction in any form without written permission of Icon Homes is strictly prohibited.

022 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

NOW UNDER CONSTRUCTION

Condominium Residences at Yonge and Eglinton Direct subway access - Starting from the $360,000’s

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

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OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 023

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024 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

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OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 025

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026 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

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OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 027

CHINESE HOME & CONDO GUIDE 網上 參閱

Chinese home and condo buyers and investors now have a new comprehensive, full gloss real estate magazine to inform and guide them through the buying process in the Greater Toronto Area.

各式電子工具都可瀏覧

ChineseHomeGuide.com

8 4 - Nov 22, 2014 Volume 3 Issue 十月四日至十一月二十二日 / Oct

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

1YO RKV ILLE .CA

Pick Up Your Copy Today or call us for a free copy at 416.626.4889!

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newcondoguide.com 028 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

CHAZ. YORKVILLE. ELEVATE YOUR LIFESTYLE. Chaz Yorkville Condominiums located in Yorkville just steps to world-class shopping, dining, culture and subway. Chaz Yorkville gives you access to the spectacular Chaz Club entertainment lounge in the sky located on the 36th and 37th floors with panoramic views. Upscale amenities include outdoor courtyard with wet bar and private dining room, hotel-style lobby with fireplace and state-of-the-art gaming room. The best in fitness, yoga and leisure for well-being. This is Yorkville living at its finest.

Touches of glamour that welcome you home.

TAKE ADVANTAGE OF OUR LIMITED TIME INCENTIVES

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VISIT THE SALES CENTRE TODAY! CHAZYORKVILLE.COM | 416.922.0045 SALES CENTRE LOCATED AT 101 YORKVILLE AVE. SITE LOCATED AT 45 CHARLES ST. EAST MON. – THURS. & SAT. – SUN.: 12PM – 6PM, FRI & STATUTORY HOLIDAYS: CLOSED EXCLUSIVE BROKER BAKER REAL ESTATE INC. BROKERS PROTECTED. *SPEAK TO A SALES REPRESENTATIVE FOR MORE DETAILS. **APPLIES TO SARTI AND LAMARO 1 BEDROOM + DEN SUITES ONLY. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST CONCEPT. E&O.E.

Model Suite Compliments of The Daniels Corporation

www.danielshomes.ca

The Daniels Corporation’s vignette at HighPark Condominiums, designed and decorated by Tomas Pearce Interior Design Consulting Inc.

OCTOBER2014 The Daniels Corporation has been featured as “MODEL SUITE OF THE MONTH” as seen in the New Condo Guide model suite calendar

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Suites from

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PRESENTATION CENTRE: 2150 Bloor St West Mon, Tues and Thurs: 12-6pm / Wed: 12-8pm Sat, Sun and Holidays: 12-5pm / Fri: closed *The HighPark program is only available on selected suites. Parking incentive only available on suites over 535 sq. ft. 5% deposit program available on a limited number of suites. Free maintenance is only available for one year. Limited time offer. Conditions apply. See Sales Representative for full details. Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers Protected. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept. E. & O.E

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 031

HOME SWEET HOME

// BY LYDIA MCNUTT

DON’T GET SPOOKED

Lydia McNutt is an award-winning writer and editor of New Condo Guide.

Lydia’s love of architecture, interior design and the written word have landed her happily at home at Wall2Wall Media, where real estate rules. Email Lydia.McNutt@wall2wallmedia.com, and follow her on Twitter @LydiasTweets

I

t may be Halloween, but if you’re getting into the real estate market this fall, now’s not the time to get spooked by the latest headlines and market predictions.

My family recently went through the exciting and nerve-racking experience of selling and buying a home. Luckily, my aches and pains of hosting open houses were short-lived.

So was the sweet relief of seeing that Sold sign on the front lawn, soon replaced by fears of buying the right home that met our must-have list – budget and timing included.

Rather than losing sleep worrying about things you can’t predict or control, think about your own circumstances and plan your future based on your personal facts 032 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

by headlines and market predictions

In a casual chat with a real estate agent about our plan – selling our home first, then buying – he advised me to take the reverse route and buy first. “It’s a sellers’ market,” he said. “Selling won’t be the problem, it’s buying that you should be more concerned about.”

Well, the agent was right on one count – our house sold in a matter of days. But buying before selling? While the idea of taking our time to house hunt, pack and move appealed to us (my husband are I are both meticulous planners; we had our whole wedding timed, right down to the minute!), the possibility of paying two mortgages simultaneously, or settling for less than list price on our home in the interest of a quick sale, were certainly not in the plan. Ultimately, our comfort level dictated that selling before buying was the way to go. This approach gave us the security of knowing exactly how much equity we had to put toward our new house, and eased any fears of getting stuck paying two mortgages. To us, this peace of mind was worth the risk of possible bidding wars and being beaten out by a bigger, better offer. In fact, we almost expected that scenario. After all, it is a sellers’ market, right?

While it’s a good idea to pay attention to the headlines and all the accompanying advice – professional and otherwise – take it with a grain of salt. You can never really predict what will happen in the real estate market, though many may try. Experts guess at where the market is going based on trends and actual data. But while the picture may look a certain way from a national, provincial or city-wide perspective, what happens from one street to the next, from one price range to the next, can differ dramatically. Then factor in your own individual circumstances – family, job, finances. Your guess as to what the housing market holds in your specific situation is very possibly better than anyone’s.

Is it a buyers’ or sellers’ market? Will prices rise or drop in the next few weeks while you search for the best home and the best deal? What will happen to mortgage interest rates in the short term? Should you buy now, or wait until this feverish frenzy blows over? Rather than losing sleep worrying about things you can’t predict or control, think about your own circumstances and plan your future based on your personal facts.

Take an honest look at your financial situation. Review your assets and debts, including mortgage (current and expected payments), car loans, lines of credit, student loans and other bills. Are you secure in your job? Are you planning to grow your family? Will you be taking parental leave from work, and if so, can you afford to pay all your bills on your now-decreased income?

Once you figure out what your reality is and where your comfort level lies, you’ll be better equipped to make a decision without being scared off by that recent real estate report you read about, or that story you saw on the news.

The key message? Buy when you’re ready for the market, not when the market is ready for you.

Coming Soon to Yonge + Eglinton.

Condos starting from the mid $200’s Register your interest at menkes.com facebook/MenkesLife

@MenkesLife

PARTY ROOM DINING

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Yonge + Heart.

The Eglinton truly is Yonge at heart. Discover this elegant new condominium at the cosmopolitan junction of Yonge + Eglinton, one of the most connected corners in the city. Located on Eglinton Avenue East in the prime midtown area just steps from the TTC, LRT, shopping, theatres, restaurants and more. Where life’s experiences are closer to the heart in one of the city’s most desirable neighbourhoods.

Condos starting from the mid $200’s Register your interest at menkes.com facebook/MenkesLife

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

Coming Soon York & Harbour, Toronto Register now at menkes.com

New Release Burnhamthorpe Rd. & West Mall, Etobicoke Starting from the high $300’s 416.259.2525

Now Open Peter & King, Toronto Starting from $281,990 416.977.8780

Construction Starting Church & Carlton, Toronto Starting from $241,990 416.591.7700

Under Construction Richmond & Spadina, Toronto Starting from $291,990 416.977.8780

Under Construction Avenue & Davenport, Toronto Starting from $420,000 416.323.0100

Move In This Year Yonge & Park Home, North York Starting from $835,990 416.730.9722

Move In Now Evans & QEW, Etobicoke Starting from $305,990 onesherway.com 416.695.3535

YOUR LIFE STOREY STARTS HERE. Register your interest at menkes.com

facebook/MenkesLife @MenkesLife

Prices and specifications are subject to change. E.&O.E. October 2014. 24473

INVESTOR ADVICE

// BY ANDREW LA FLEUR

Higher learning:

IS 50 THAT MUCH BETTER THAN 10?

W

hen investing in a pre-construction condo, a question that always comes up is: “Is it better to buy on a lower floor and pay a lower price, or to buy on a higher floor but pay a higher price?”

Background

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

When selling a building in the preconstruction phase, every developer will have a base price for a particular unit, then charge a “floor premium” as you ascend the building.

Floor premiums in most Toronto condos are $1,000 per floor up.

When selling a building in the pre-construction phase, every developer will have a base price for a particular unit, then charge what is known as a “floor premium” as you ascend the building. Floor premiums in most Toronto condos are $1,000 per floor up.

Custom analysis by Urbanation

I am a subscriber to Urbanation. I pay thousands of dollars per year to get access to data on the Toronto condo market that I can’t get anywhere else.

Why do I pay money for numbers when 99.9 per cent of all other Toronto realtors would not pay for this information? (Urbanation’s primary clients are developers and enterprise customers.) Because when it comes to condo investing, knowledge is power.

So, I asked my friend, Shaun Hildebrand at Urbanation, to run some analyses relating to this floor premium. Shaun looked at Burano by Lanterra Developments (at 832 Bay St., 50 storeys), which had a large number of leases. Instead of showing what you will be able to resell your unit for if you pay an extra $1,000 per floor for it, we were able to show how much more you will be able to rent your unit for if you buy on a higher floor. I took a few insights from this data: INSIGHT #1: HIGHER FLOORS YIELD HIGHER RENTS

The numbers for Burano show that as you go up in the building and pay more for the privilege, you will earn higher rents. This is very important because some investors still believe that they will not get higher rents if they buy on a higher floor and they will use this as a reason to only “buy low.”

INSIGHT #2: HIGHER IS BETTER

Think of it like this: for a median floor premium of $8.33 per floor per month, that works out to $100 per year. An extra $100 per year on a $1,000 initial investment means you are getting a 10-per-cent cap rate, which is very good. Thus, the higher floor is better.

INSIGHT #3: THREE BEDROOMS GET THE HIGHEST FLOOR PREMIUM

The largest floor premiums were for the three-bedroom units, with average rents higher by $54 per month, or $648 per year, for every floor up they OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 033

INVESTOR ADVICE

went. If buyers paid only $1,000 more per floor, then that works out to an astonishing 64.8-per-cent cap rate! Why are renters willing to pay such high premiums for these three-bedroom units? My theory is that if you are already shelling out $3,000 or more per month for rent, then what’s another $200 to $300 per month for an outstanding view?

INSIGHT #4: RENTERS WILL PAY A PREMIUM FOR PREMIUM VIEWS

Here’s an example: a 445-sq.-ft. unit faces south, while the 491-sq.-ft. unit faces north. Even though the average rental price for both units does not show much difference, the average floor premium for the south-facing unit is about twice that of the north-facing unit ($16 per floor versus $8).

How I interpret this is that the highest floors of the south-facing unit command such a huge premium over the lower floors, that it brings the average rental premium per floor up. On the other hand, for the north-facing units, renters will not pay as much of a premium to go up very high. The reason for this is that the views to the south on high floors are spectacular toward the lake and the CN Tower, whereas the views to the north don’t really improve much as you ascend the tower.

So if it comes down to paying a large floor premium for buying a north-facing or south-facing unit, you are better to go with the south-facing unit (assuming the view facing south is highly preferred to the north view in the building you are considering).

What the data does not tell you...

While these findings are interesting, they are only one data set from one building, and it’s only for rental 034 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

rates. So, take this all with a grain of salt. I consider this strong anecdotal evidence to support buying on higher floors over lower floors, but it’s not an empirical study by any means.

Unfortunately the bigger question remains: what will buyers on the resale market pay for a higher floor versus a lower floor? For example, if you buy on the 50th floor, and you pay a $40,000 premium to do so, will you get at least $40,000 more when you resell than if you bought on the 10th floor?

Another thing these calculations do not take into account are increased property taxes for going up higher in a building (purchase price is higher) or increased mortgage payments for going up higher.

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7887 WESTON RD. UNIT # 7

HIGHWAY 427

* Limited time offer, restrictions apply. On select units. Prices do not include parking. See Sales Representative for details. All illustrations are artist’s concept only. © 2014 Liberty Development Corporation.

All rights reserved. Brokers protected.

NEW SALES OFFICE

WESTON RD.

GRAND OPENING

HIGHWAY 400

Every square has a corner, for the best corner, visit Centro Square.

Now offering remarkable views from marvelous corner suites — 2 bedroom, 2 bathroom, 2 much luxury to mention.

PARKSIDE LIVING HAS NEVER BEEN SO ENCHANTING

Live in the heart of vibrant Thornhill City Centre, close to shopping, dining, public transit, golf courses, parks, places of worship, libraries and schools.

BEVERLEY GLEN BLVD.

CENTRE ST.

All illustrations are artist’s concept only. © 2014 Liberty Development Corporation. All rights reserved. E.&O.E. Brokers protected.

LegacyParkCondos.com 905-731-8302

YONGE ST.

BATHURST & CENTRE STREET

407 BATHURST ST.

SALES CENTRE ON BEVERLEY GLEN JUST WEST OF BATHURST

TTC/VIVA

STEELES AVE W.

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 037

038

039

CONDO PROFILE

OMEGA ON THE PARK joins Opus tower in master-planned community by Concord Adex

a

nother addition to the master-planned Concord Park Place is coming in the form of a 35-storey Page + Steele / IBI Group Architects-designed tower. Omega on the Park will contain 374 condominium suites and rise to the west of its sister tower, Opus.

Both Opus and Omega on the Park will be connected with a tall glass-clad lobby designed to create a pleasing first impression for residents and guests. The transparency of the glass also allows for clear views of the inner courtyard shared between the two towers.

At the south end of the complex facing Hwy. 401, large amenity spaces provide residents access to tennis, volleyball and badminton courts, a full-sized basketball court, bowling, a golf putting green and a party lounge. In addition to the courtyard and sports amenities, a fitness gym with a children’s play area, pet spa and dining area are offered exclusively to Omega on the Park and Opus residents. Future phases immediately to the west of Omega on the Park and Opus will house several other amenities, including a pool, yoga studio and spa.

Though residents should have no problem getting around the city on the subway, Concord Adex also operates an extra amenity in the form of a shuttle bus. The exclusive shuttle bus picks residents up at their doorstep and takes them to the Sheppard subway line and to the Oriole

040 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

GO station. During off-peak hours, the shuttle also travels to popular destinations in the area including Fairview Mall and Bayview Village. Omega is also minutes away from major highways including Hwy. 401 and the Don Valley Parkway/404.

One of the defining features of Concord Park Place will be the green space from which the community is named. Plans for the park are a work in progress, but currently include a splash pad and a skating rink, ensuring the space is usable throughout all four seasons. “It’s not just a park but an amenity for our residents as well,” says Concord Adex’s senior manager of project marketing, Brian Fong. The current

Future phases immediately to the west of Omega on the Park and Opus will house several other amenities, including a pool, yoga studio and spa plans for the park include a central plaza and a connected pathway bisecting the site. Omega on the Park and Opus sit in the southeast corner of the lands. Since the green space will be a major focal point of Concord Park Place, Omega on the Park residents will have unobstructed views of the surrounding area, with no threat of future projects blocking their views.

Suites at Omega will range from efficiently designed 448-sq.-ft. onebedrooms up to spacious three-bedrooms of 1,118 sq. ft. All suites will

feature the same high-quality finishes as its sister building Opus, including Carrara marble backsplashes, composite quartz countertops, thermofoil cabinetry with open display shelving, AEG and Liebherr appliances, undermount sinks and LED lighting under the kitchen cabinets. Large balconies run alongside the full length of the suites, many of which will provide excellent views of the park.

Washroom features at Omega include polished Carrara marble wall tiles, honed Carrara marble floor tiles, as well as quartz countertops, under-mount sinks and custom medicine cabinets with shelving, mirrors and built-in lighting.

For more information about Omega on the Park, visit concordparkplace.ca, call 416.813.2999, or visit the Concord Park Place presentation centre at 1001 Sheppard Ave. E. Hours are: Monday to Friday 11 a.m. to 7 p.m., Saturday and Sunday 11 a.m. to 6 p.m.

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 041

HOMEBUYERS’ HELP

THE CANADIAN DREAM HOME has a new laundry list of “must haves” UTILITY BILLS CAN COST A HOMEOWNER even more when they go to sell their property, according to the recent Century 21 Canadian Home Critics Survey.

According to the survey, Canadians overwhelmingly report that they would select a home with energyefficient upgrades (41 per cent) over updated finishings like granite countertops or hardwood floors (22 per cent).

“It’s well-known that homebuying is an emotional process, so understanding the shifts in where buyers place value is key to a sellers’ success,” says Todd Shyiak, national director of operations, Century 21 Canada.

“Location is still important to today’s homebuyers, but the sheer volume of information available has made them more aware of how a home’s features can impact their lifestyle.”

So, how are Canadians judging your home?

Layout, location, location.

Layout is the most important consideration when selecting a home (27 per cent), even over location factors such as the desirability of the community (26 per cent) or commute distance (12 per cent). Layout also has the strongest impact on homebuyers’ first impression of a house (39 per cent) while a home’s size carries much less weight (11 per cent).

CONTINUED ON PAGE 44…

042 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

“A pure vision of liberated design.”

– Lisa Rochon

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Rendering is an artist’s impression. Specifications are subject to change without notice. E.&O.E.

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THE GRAHAM HILL COLLECTION

HOMEBUYERS’ HELP

CONTINUED…

Buyers are willing to renovate for looks but not for repair. Only 13 per cent of Canadians view the need to renovate rooms as a major home-buying deterrent. Yet, 30 per cent will walk away from a purchase if they notice just a small amount of water damage, even when the costly issue of outdated plumbing or electrical facilities (29 per cent) is considered.

When it comes to homes, Canadians are clean freaks.

If your house has old flooring, just make sure it’s spotless.

Uncleanliness tops homebuyers’ list of turn offs (60 per cent), whereas dated flooring (40 per cent) or bold paint colours (18 per cent) have much less impact.

The Goldilocks’ effect: Buyers look for homes that fit just right. Forty per cent of Canadians say their motivation for buying is to “better fit a new life stage,” followed by the desire to “have a home of their own” (29 per cent) and “because it’s a smart investment” (just 10 per cent).

Size matters to millennial homebuyers, boomers have bigger concerns. Millennials look more at the face value of homes, including square footage (millennials nine per cent, boomers four per cent) and room count (millennials 12 per cent, boomers three per cent). In contrast, boomers are more concerned with lifestyle factors, such as how well the space is laid out (millennials 18 per cent, boomers 34 per cent) or if it’s located in a desirable community (millennials 18 per cent, boomers 30 per cent).

For boomer buyers, it’s what’s inside that counts.

Boomers are less likely to be turned off by a home’s cosmetic features, such as dated flooring (millennials 51 per cent, boomers 36 per cent). This demographic, who may be settling in for retirement or downsizing, seek homes that won’t cost them time or money in the long run. Boomers prefer homes with energy-efficient upgrades (millennials 29 per cent, boomers 54 per cent) and are more likely to avoid ones with outdated plumbing or electrical facilities (millennials 23 per cent, boomers 32 per cent).

FROM COAST TO COAST, HERE’S WHAT CANADIAN HOMEBUYERS WANT: » W hy buy a home? Atlantic

Canadians view home ownership as a smart investment. » “Home of my own” instinct tops Quebec residents’ motivations to buy property. » Dated décor turns off Ontario homebuyers. » Prairie homebuyers seek neighbourhood and home to fit their families. » A lbertan homebuyers focus on “layout over location.” » BC homebuyers are property psychic, avoiding costly future expenses.

“Knowing your buyer can mean the difference between getting the best price for a home or missing opportunities,” says Shyiak.

The Century 21 Canadian Home Critics Survey delves into homebuyers’ mindsets to help consumers and sellers make the best decisions for their needs. Find out more by visiting century21.ca/homecritic.

If your house has old flooring, just make sure it’s spotless. Uncleanliness tops homebuyers’ list of turn offs, whereas dated flooring or bold paint colours have much less impact 044 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

WEST SIDE

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Coming Soon , Design-forward condos at front + Bathurst, from $189,990* Live connected in a community that’s your gateway to the very best of the city. Just steps to the waterfront, island airport, entertainment district and more.

register today! mintowestside.com *Prices and specifications are subject to change without notice. Rendering is artist’s concept. E.&O.E.

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 045

ENTERTAINING

10 WAYS TO BE THE

perfect party host // BY SARA DUCK

Peggy Post, great-granddaughter-in-law to the famous American etiquette writer Emily Post, shares her top tips for entertaining with style and grace during this busy season.

INVITE CLEARLY

THE SPARK

THE LIST

BE ATTUNED TO GUESTS’ COMFORT

Include necessary information for your guests in the invitation, such as where the event will be held, what time and dress code required.

Preparing your guest list carefully is key to a successful party. Creating a congenial guest list ensures a comfortable and enjoyable evening for all.

As host, you set the tone for making your guests feel comfortable and welcome. Make sure to circulate the room, introduce guests to each other, engage in interesting conversation. No talk of politics, please!

When it comes to your guests, be on the pulse to their needs. Offer seconds to those who may be a little shy to ask for more, and look out for wallflowers shying away from conversations.

KEEP CALM AND PLAN ON

Set your menu ahead of time, ensuring you’ve checked all of your guests’ dietary restrictions and you have enough food for the entire evening.

ACCEPT OFFERS OF HELP

Throwing a party can be enjoyable, especially if you approach it with simplicity. If someone offers to bring something, look at your menu and ask accordingly.

WATCH THE CLOCK

Expect guests to arrive on time and plan to be ready 15 minutes ahead of time so that you can warmly welcome them. This includes having your table set, bar stocked and bathrooms ready with extra tissue and essentials.

046 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

BE FLEXIBLE AND GRACIOUS

Your soufflé falls. Or one friend arrives with an unexpected guest. The ruined dessert? Have a fallback. The uninvited guest? As discourteous as it is for someone to spring a surprise on you, be gracious. No polite host would ever send an uninvited guest packing.

START THE MEAL GRACEFULLY

Signal when guests can start the meal, you may need to finish off the last details in the kitchen and don’t want the food to get cold. Give a welcome speech and tell everyone to start.

SHOW APPRECIATION

Thank people for coming as you bid them goodbye.

And don’t forget to thank anyone who brought you a gift.

2 1 3

4

5

8 7 6

GIFTS FOR THE HOST!

Show your thankfulness to the host by presenting a gift they will swoon over!

1. Faux Fur Throw in Chinchilla. $99. VISIT CHAPTERS.INDIGO.CA 2. Tea Kettle by All-Clad. $160. VISIT THEBAY.COM 3. A Kitchen In France: A Year Of Cooking In My Farmhouse by Mimi Thorisson. $46. VISIT CHAPTERS.INDIGO.CA 4. Festive Fair Isle Decanter. $39. VISIT WESTELM.COM 5. Marais Gold Glazed Cake Stand. $96. VISIT DWELLSTUDIO.COM 6. Champagne Truffles. $13-$20. VISIT HOMESENSE.CA 7. Celebration Stemless Champagne Glasses. $38 for set of four. VISIT CHAPTERS.INDIGO.CA 8. Piano Workshop 98 Serving Set by IIttala. $125. VISIT DWELLSTUDIO.COM

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 047

STAT CHAT

// BY BEN MYERS

CONDOMINIUM RENTS KEEP GOING UP, UP, UP!

W

Ben Myers is senior vice-president 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

Urbanation Inc. notes in their Q3-2014 UrbanRental report that over 18,000 condominium units have been leased through the Toronto Real Estate Board’s MLS system in 2014 alone!

048 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

hen I’m evaluating condominium apartment project opportunities that Fortress Real Developments is presented, I’m always keeping the level of investor activity in the back of my mind. Investors continue to drive the highrise market in Toronto, and their departure would likely lead to much fewer suites getting built.

Investors play a very important role in the pre-construction condo market, as many of the potential condominium end-user residents have been hesitant to buy, knowing the project may not be built for three years or more. According to Canada Mortgage and Housing Corp. (CMHC), the average condominium apartment in the Toronto Census Metropolitan Area (CMA) that completed in Sept. 2014 was under construction for 22 months. Therefore, investors have provided the industry with a very useful service of buying up units understanding the closing data is uncertain, but bridging the gap until end-users (future residents) can touch and feel the completed suites, and get a sense of (and get comfortable with) what they are buying.

Alternatively, some investors have chosen to hold and rent their suites instead of sell them (which is now the norm). In fact, Urbanation Inc. notes in their Q3-2014 UrbanRental report that over 18,000 condominium units have been leased through the Toronto Real Estate Board’s MLS system in 2014 alone! Over 7,000 units were leased in the third quarter, with these private landlords finding a tenant in less than three weeks on average. Rental rates on a per-sq.-ft. basis are up 1.4 per cent annually and the market overall remains very stable.

Some might say, “Yeah, but there’s 70,000 units set to complete over the next two years, so the market will be flooded with supply.” I don’t really know where that number came from, but it is false. There were just under 54,000 condominium apartment units under construction in the Toronto CMA at the end of Sept. 2014 according to CMHC, with most taking anywhere from 1.5 to 3.5 years to complete – so we won’t have 30,000 units complete this year or next. I’ve had this same conversation with people for almost five years, and the actual results hardly change.

There were 14,470 condo completions in 2013 and 11,012 through the first nine months of 2014 (10,766 through the first nine months of 2013), so 2014 remains right on pace with 2013.

Be very weary of analysts calling for 20-per-cent increases or 30-percent decreases in the condominium market, whether it be starts, completions, pricing or unsold supply, as the market very rarely changes to those magnitudes. Keep checking back here for more analysis and more stat chat.

Happy condo hunting!

PIONEERING

SUCCESS

VISIONARY DANIELS

CESSFUL DOESBREAKINGVISION ROUND

ICON PIONEERING SUCCESSFUL IT AGAIN! ICONIC ICONIC

A PIONEERING SUCCESS STORY IN ERIN MILLS SSFUL

PIONEERING

SUCCES

VISIONARY

GROUNDBREAK

NOWON

ICONIC

ROUNDBREAKING

SALE

SUITES FROM THE MID

200,000S

$

2-STOREY URBAN WALK-UPS FROM

499,900

$

A new landmark has arrived at the intersection of Eglinton Avenue & Erin Mills Parkway. Already a big success, DANIELS ERIN MILLS is the culmination of a pioneering vision that will redefine the concept of modern urban living. With Daniels Erin Mills, Mississauga has an iconic address for people to Love where they Live, Work, Play, Dine & More.

BE PART OF THE SUCCESS & VISIT THE PRESENTATION CENTRE TODAY! Backyard Farm & Market

ER

EW N ’N LS ATIO NIE NT DA ESE E PR NTR CE

IN MI

S ILL E TR

S LL

M IN ER CEN WN TO

RK PA

IT ED CR LEY L L A VA SPIT HO

Y WA

UE EN S AV EL N I RI N ON DA E LLS INT L MI EG

Call or visit today danielserinmills.com | 905.306.6996 PRESENTATION CENTRE 2475 Eglinton Ave W MON, TUES & THURS 12-6PM • WEDNESDAY 12 NOON-8PM FRIDAYS CLOSED • SATURDAY, SUNDAY & HOLIDAYS 12PM-5PM

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

SUCCESSFUL GROUNDBREAKING

ICONIC PIONEERING

G

S DANIELS DOES

NARY

IT AGAIN!

NIC

SSFUL

DANIELS ERIN MILLS IS AN OVERWHELMING SUCCESS!

KING

C

The Daniels Corporation has a track record for offering the right product at the right time in the right place, especially in Mississauga. At the recent opening of Daniels Erin Mills, the response was overwhelming, with eager purchasers snapping up suites in the West Tower! They appreciated the first opportunity to own a beautiful home in Daniels’ newest master-planned community at Erin Mills Parkway and Eglinton Avenue West, which will be one of the largest in Erin Mills. With suites starting from the mid $200,000s and urban walk-ups starting from $499,900 – this is an opportunity you won’t want to miss. So don’t wait, people are still flocking to the presentation centre, NOW is the time to become part of Mississauga’s best-selling condominium community!

PIONEERING VISIONARY COMMUNITIES Buyers understand the value of living in this amenity-rich location next to the well-respected Credit Valley Hospital and the Erin Mills Town Centre, which is currently undergoing a $100 million dollar revitalization, scheduled to be completed by summer 2015. Daniels Erin Mills is also only moments from parks, walking trails, transit, bigbox stores including Loblaws and Longos, and some of Peel District’s most respected schools.

Erin Mills Town Cent re Rev italizat io n Projec t

Sho ps

Exclusive Listing: CityLife Realty Ltd. Brokerage.

Brokers Protected. Illustrations are artist’s concept.

Specifications are subject to change without notice.

E.&.O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation.

Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited.

OVER THE YEARS, DANIELS HAS EARNED A WELL DESERVED REPUTATION AS A FORWARD THINKING CITY BUILDER KNOWN FOR CREATING VISIONARY MASTER PLANNED COMMUNITIES. Daniels Erin Mills follows on the success of the company’s awardwinning Mississauga City Centre community, as well as other iconic neighbourhoods such as NY Towers at Bayview and Sheppard Avenues in Toronto, Festival Tower atop TIFF Bell Lightbox in Toronto’s Entertainment District, and the world-renowned and award-winning 69-acre Regent Park Revitalization in the heart of Toronto’s downtown east. Now, Daniels is applying their collective experience and expertise to Daniels Erin Mills, which is quickly becoming one of the biggest and best new homeownership opportunities in the GTA!

DA N I E LS M i ssis s auga Cit y Centre, M i ssi ssa u g a

SUITES FROM THE MID 2-STOREY URBAN WALK-UPS FROM

200,000S $ 499,900

$

HARMONIZE MIND & BODY! Residents in the West Tower can look forward to a phenomenal array of amenities at Daniels Erin Mills starting with the inviting double height lobby, where residents can access 24-hour concierge service, and continue on the fourth and fifth floors, where Club 5ENSES will indulge their senses. Designed for the enjoyment of all ages and family configurations, this space will feature the party room with a kitchenette and sectional harvest table dining space, lending itself beautifully to group gatherings. When the party is ready to move outside, no problem – the party room terrace is perfect for alfresco dining and taking in the sunset!

Da nie ls E rin Mi l l s Pa r t y Ro om

Active residents of all ages will appreciate the building’s twoFes tival Tower Con dominiums Toronto storey multi-purpose gym, fitness studio with amazing views, and multi-purpose space for group activities, classes and even birthday parties. A first in a condominium community in Canada, Club 5enses will feature WELLBEATS™, a virtual fitness program that invites residents to choose a class and work out with friends guided by a professional instructor from a large-screen projector. From Zumba to yoga, to fitness classes for kids, residents will love the Fitness OnRequest convenience, and fun of the virtual class experience.

Virtual presentation •flexibility Live experience Formerly

Fitness Formerly

Virtual presentation • Live experience

OnRequest

Urban Walk-Ups

An extension of your personal living space, the indoor lounge will have a big-screen TV and comfy sofas, and when residents are looking to curl up with a good book or catch up on social media, the media nook provides the perfect oasis. For those who love the outdoors, the outdoor terrace will offer serenity with a yoga studio, a chance to get ‘green’ and connect with neighbours at the community gardening plots, and the perfect place to just lounge and enjoy some delicious barbecue.

THE ULTIMATE IN URBAN LIVING Owners will have high-quality features and finishes in their suites, including nine-foot ceiling heights, stylish laminate flooring throughout, and modern kitchens with quartz countertops and stainless steel appliances. Combined with Daniels’ efficient layouts, the suites and urban walk-ups provide the beauty and functionality that make everyday living a pleasure. Suites in the first condominium range from studio to two-bedroom + den designs from the mid $200,000s, and there is a limited collection of two storey, two, three and four bedroom urban walk-ups available priced from $499,900.

AN AWARD-WINNING BUILDER 2012 Tarion High Rise Ontario Builder of the Year Award

The Daniels Corporation (danielshomes. ca) is one of Canada’s pre-eminent builder/ developers, building more than 25,000 new homes across the Greater Toronto Area for 32 years. Daniels was named the Tarion Warranty Corporation’s 2012 Ontario High Rise Builder of the Year and the recipient of the 2012 Toronto Arts and Business Award presented by the Toronto Arts Foundation. Among its many initiatives,

Daniels was chosen to partner with Toronto Community Housing to revitalize Regent Park – 69-acres in the heart of Toronto’s Downtown East. Committed to community, Daniels offers innovative programs that help people achieve homeownership, champion’s neighbourhood initiatives that enhance resident’s quality of life, and supports numerous charities and nonprofit organizations.

DON’T WAIT! ACT NOW BEFORE IT’S TOO LATE

Call or visit today danielserinmills.com 905.306.6996 Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artist’s concept. Specifications are subject to change without notice. E.&.O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited. Not actual model suite photography.

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 049

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OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 051

SMALL SPACES

// BY LEIGH-ANN ALLAIRE PERRAULT

Create the illusion of space

WITH COLOUR PICK THE PERFECT PALETTE

As a DIY and design aficionado, lifestyle expert and colour connoisseur, Leigh-Ann Allaire Perrault has spent years crafting a unique philosophy for design that fuses ingenuity, whimsy, and quality workmanship on a “frugalista” budget. This honours graduate from the Interior Decorating program at Sheridan College is now a faculty member at her alma mater, and has been sharing her knowledge of colour and design on Cityline since 2007, and is a regular contributing writer for Cityline.ca. After spending nearly a decade as the corporate Colour & Design Specialist for Benjamin Moore Paints, Leigh-Ann opened her own media and design company early in 2013, Hue La La, and recently joined Black & Decker as the Canadian female spokesperson.

The easiest way to trick the eye into perceiving there is more space than may actually exist is to introduce a low-contrast, monochromatic colour scheme. Using too many contrasting colours in a confined space can be jarring and create a sense of chaos, but a neutral and layered monochrome palette allows the eye to transition smoothly around a room, making it feel much more open and inviting.

Monochromatic certainly doesn’t mean that your colour choices are limited to washed-out whites and boring beiges. In fact, choosing a liveable, neutral tone infused with a subtle hue that best says something about you is essential to achieving a unique, personalized space.

G

ood things come in small packages. But if you happen to live in a small space and yearn to transform “small” into “stylish” and “smart,” here are a few simple tips and tricks to maximize every square inch of your close quarters.

While chic and savvy storage solutions are key to a fabulously functioning home of any size, the ultimate secret weapon to visually achieve big style in even the smallest of spaces is knowing how to skillfully incorporate colour.

The easiest way to trick the eye into perceiving there is more space than may actually exist is to introduce a low-contrast, monochromatic colour scheme CONTINUED ON PAGE 54…

052 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

UNCOMPROMISING. UNPARALLELED. UNDENIABLY TORONTO’S MOST ICONIC ADDRESS.

PRESENTATION GALLERY NOW OPEN.

The Residences of 488 University Avenue is a trademark of Amexon Development Corporation

A Commitment to Excellence

488university.com OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 053

SMALL SPACES

CONTINUED…

“box like” and lacking a natural interior focal point, the addition of a bold colour on the trim work will add depth, command attention, and draw the eye to one of your best and most beautiful features.

CREATE THE ILLUSION OF DEPTH

WRAP THE WALL COLOUR ONTO THE CEILING

Trade in those stark white ceilings for a splash of colour overhead – but not just any colour. Try wrapping the hue from your walls up onto the ceiling to instantly minimize the dividing line around the perimeter of your room. Visually eliminating that transition from wall to ceiling further reduces contrast and naturally keeps attention down at eye level where all of your furnishings and accessories are on display. If you happen to have crown moulding, consider selecting a ceiling colour that is a slightly lighter tint than the wall and carry the ceiling hue down onto the crown as well.

This will allow you to delicately highlight the added architectural detail, yet maintain an overall harmonious, low-contrast palette.

HIGHLIGHT A GREAT VIEW

If you’re fortunate enough to have a breathtaking skyline view or a picturesque landscape right outside your window, why not treat it like a stunning piece of artwork? Frame it with colour. Painting trim with a deep, rich hue such as black or charcoal gray continues to be a growing trend, and if your small space is rather

054

It’s a common myth that using dark colours in an already small space will further exaggerate even the slightest feeling of being closed-in and confined. The reality is that introducing a dark, moody hue on a single accent wall can actually create the illusion of depth, and seemingly expand a space. Dark colours have a tendency to recede away from us, and they also have the ability to mask visual distractions such as oversized television sets, but it’s important to remember that a dark accent hue should be incorporated throughout the rest of a space in small doses with accessories and furnishings to create a sense of balance.

KEEP IT LIGHT AND BRIGHT

Although tonal neutrals (or “hue-trals”) typically work best for achieving a low-contrast look within a small space, carefully consider your lighting conditions when making your colour selections. If your natural light sources are limited, opt for clean, light hues such as trendy pastels that are made with less gray and therefore will reflect more light.

Also consider strategically placing oversized décor mirrors directly opposite your windows to not only reflect light and a great view, but to create the illusion of more square footage.

Regardless of size, it’s easy and affordable to make the most of your small space with smart and stylish colour choices!

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

PREVIEW OPENING SATURDAY, NOV 1ST at north york city centre

ELEVATE LIVING. Sleek design that heightens the senses and lifts the spirit. Beautifully appointed residences with luxe finishes and fantastic views. A glamorous centre-of-it-all location with access to North York Centre Subway Station, chic shopping, entertainment, dining and more. Raise the bar on luxury and style. Beacon. It’s calling you. From the high $200’s

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EXCLUSIVE LISTING BROKERAGE: IN2ITION REALTY

beaconcondos.ca OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 055

INDUSTRY INSIDER

// BY DAVID HIRSH

CARE AND UPKEEP OF YOUR NEW HOME

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

Visit BrandyLaneHomes.com.

056 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

our home will be one of your biggest investments – whether you live in a freehold single family home or a condominium – so it pays to budget for the maintenance you’ll need to preserve this investment.

Maintenance fees for a condo versus the costs associated with the ongoing care and upkeep of freehold ownership are actually fairly equivalent when you compare homes of approximately the same size, location and price.

Choosing between condo and freehold is really a matter of lifestyle preference, rather than a financial choice. Condos have a more hands-off approach to building maintenance, while freehold owners typically arrange for their own suppliers or do the jobs themselves.

Condo maintenance fees are your share of the costs required to properly run and maintain where you live. Generally speaking, these fees pertain to any utilities that are not individually metered and billed, along with items such as exterior window cleaning, snow removal, gardening, common area cleaning and the like. Fees are calculated based on the size of your unit, so fees for a two-bedroom suite will be higher than for a studio. Fees are recalibrated yearly, up or down, to account for the building’s annual operating budget. A condominium building with more amenities will also have higher maintenance fees due to the additional upkeep required.

A certain part of condo fees are set aside as a contingency fund. These include elements that will be required eventually, like a new roof. Condo fees can also incorporate a category known as ‘special assessments.’ These are one-time fees levied for unexpected repairs not covered by the contingency fund. They generally only occur in older condos, where the operating budget has not kept pace with required maintenance or in the case of an emergency, like a flood. Once the bill is paid off, monthly fees will drop accordingly.

When it comes to owning freehold, setting money aside monthly for inevitable future renovations is smart. While living in your home, you’ll want to keep up with replacing lost or damaged shingles or filling in masonry settlement cracks. Many maintenance issues can be predicted fairly accurately time-wise. For instance, a roof likely has to be replaced after about 10 years.

But, unexpected costs can arise if you forget to winterize your exterior backyard hose pipe, and you may find your basement flooding.

There are numerous ways to calculate how much you should save monthly for maintenance on a freehold home. You can make a good guess by calculating one per cent of your purchase price and one per cent of the total square footage of your home, and taking the average. For example, if your home costs $300,000 and is 2,500 sq. ft., one per cent of your purchase price is $3,000 and one per cent of your square footage is 2,500. The average you’ll want to save annually is $2,750, or about $230 per month. If you live in an older home, put aside a little more for those big ticket items that will arise.

By understanding maintenance, and regularly setting money aside, you can rest easy knowing you’re covered.

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

studiocondos.ca • 647.352.7736

luxury homes and condos to life

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OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 059

IN THE NEWS

New designs, new prices, and an exciting new opportunity to own at

90 NIAGARA Situated in Toronto’s downtown core, 90 Niagara will be surrounded by shops, and au courant clubs surrounding Niagara and Bathurst.

To the east, the Fashion District merges with the Entertainment District which merges with the Financial District. To the north lies Little Italy and to the south, the waterfront. Residents will enjoy a short stroll to the King streetcar, and a quick ride to the subway.

FIELDGATE HOMES WILL BE RELEASING SEVEN NEW URBAN TOWNHOMES AND

eight new balcony suites at 90 Niagara, one of Toronto’s most anticipated new residential addresses.

Ranging in size from 599 to 1,277 sq. ft., 90 Niagara is a modern and intimate five-storey building comprised of 45 residences including condo suites and townhomes. Priced from the mid-$300’s, the new suite layouts offer the maximum in style and comfort – each segueing into fantastic outdoor balconies and terraces. Some of the many features at 90 Niagara include nine-ft. ceiling heights and pre-finished hardwood flooring in main principle rooms. Designerinspired kitchens include custom-quality cabinetry, quartz countertops, stainless steel appliances and under-cabinet valance lighting.

“The newly released urban towns and suites at 90 Niagara will offer buyers the best in home design and location,” says Leith Moore, senior vice-president of Fieldgate Homes. “90 Niagara will add a modern vibe to the bustling, pedestrian-friendly community at Niagara and Bathurst – an already striking neighbourhood.”

The 90 Niagara lifestyle will be complemented by an array of social recreational amenities, including an elegant party room featuring a geometric patterned fireplace feature wall, lounge seating and bar area. Other features include a modern, boutique-style lobby, an outdoor terrace and lounge area with two distinct conversation areas, and a dining/barbecue area between them.

060 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

About Fieldgate Homes Since 1957, Fieldgate Homes has left its footprint on almost every corner of the Greater Toronto Area, creating new home communities, condominiums and commercial developments of distinction across the metropolitan region and beyond. As the company has grown, it has diversified too, building on its reputation for excellence in design and construction. Now Fieldgate is excelling in new ways and new locations including 90 Niagara, in Toronto’s Downtown West, with a boutique residence that is setting a new standard of quality in urban condominiums and lofts.

The 90 Niagara presentation centre is located at 90 Niagara St. Sales office hours are Monday to Thursday from noon to 7 p.m.; Saturday, Sunday and holidays from 11 a.m. to 6 p.m.; and Fridays by appointment only. For more information, call 416.981.0036 or visit online at 90niagara.com

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Mon-Wed: 12-6pm, Thurs: 3-8pm, Sat-Sun 12-5pm

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 061

TARION REPORT

// BY HOWARD BOGACH

HAVE YOUR SAY:

Here’s your chance to rate your new-home builder

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.

C

alling all new-home buyers!

If you bought a new home in the past year, this is your chance to tell Tarion all about your home-buying experience. Every fall, Tarion sends customer satisfaction surveys across the province to most new-home buyers. We’re looking for feedback on your builder’s customer service and your experience with Tarion.

062 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

The survey covers most stages of the new-home buying experience, beginning with the signing of the Agreement of Purchase and Sale, through to construction, the pre-delivery inspection, and finally, your builder’s after-sales service. You’ll also be asked about your interactions with Tarion.

As a recent new-home buyer, your feedback is essential in improving the new-home buying experience for everyone in Ontario. Over the years, significant enhancements have come to fruition directly based on the feedback we receive from our annual survey. For example, results of our surveys over the past few years have showed us that homeowners who used our online warranty service, MyHome, continue to have a significantly higher level of satisfaction with Tarion than those who didn’t manage their warranty through MyHome. This kind of information helps us focus on what homeowners want, such as updating the features of MyHome to help make managing your warranty a more seamless process.

Your opinion also helps us educate builders, letting them know what they are doing right, or where improvements can be made. Over the many years that Tarion has been conducting this survey, we’ve noticed a clear trend in what matters most to homeowners, based on certain attributes that are directly correlated to whether a homeowner will recommend their builder. Some examples include: the builder’s ability to deliver the home as agreed to in the Agreement of Purchase and Sale, overall customer satisfaction before move-in, the builder’s level of accessibility, and the builder’s ability to complete repairs and leave the home clean and undamaged.

This information helps Tarion work with builders to improve their customer service. Every year, builders that have enough responses to their surveys are provided with detailed individual builder reports comparing their results to the average (without identifying the participants, of course!).

We also meet with builders to help analyze their scores and offer advice on improving customer service, host builder clinics that include information on what matters most to homeowners, and deliver customer service training to low-performing builders.

Survey results are also used to determine finalists and recipients of the Tarion Awards of Excellence. The Awards of Excellence are the only awards in the province that recognize builders solely on the basis of their customer service. And they are judged by the people whose opinions matter most – the homebuyers.

So, if you have taken possession of a new home in the past year, look for the Tarion survey arriving in your mailbox or inbox this month. This is your chance to tell us about your home-buying experience and influence whether your builder should be recognized for their customer service. And remember – your opinion matters, so share it with us!

A GLOBAL LEADER A LANDMARK ADDRESS COMING SOON LUXURY CONDOS FROM THE MID $200’s* Greenland Group, a global leader in real estate, has shaped urban landscapes across 10 countries. Ranked 268th in the Fortune Global 500, Greenland has earned an international reputation as a world-class property developer. Creating a better life.

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COMING SOON KING TOWER, THE NEXT EXCITING PHASE OF KING BLUE Greenland proudly announces their first Canadian development, King Blue by Greenland. Located in the heart of the Financial and Entertainment Districts, a short walk to the subway and the finest theatres, shops and restaurants. Resort style amenities with a spectacular rooftop terrace garden, pool and spa. The ultimate in luxury living in a sophisticated urban setting.

REGISTER NOW KINGBLUECONDOS.COM | 416.599.1355 *Prices and specifications are subject to change without notice. llustration is artist concept. E. & O.E. Exclusive Listing: Baker Real Estate Incorporated Brokerage. Brokers Protected.

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 063

064 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

A RI V E R RUN S T H RO UGH I T

COMING SOON TO OLDE WOODBRIDGE A LIMITED COLLECTION OF URBAN TOWNS Everything you could ask for, virtually in your own backyard. The serenity of the East Humber River. The timeless elegance of downtown Woodbridge.

The convenience of shopping at Market Lane. Access to all modes of transportation.The intimacy of a small community.

RESERVE YOUR PLACE. REGISTER NOW. at

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OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 065

IN THE NEWS

Rockport Group breaks ground at

THE NEST ON ST. CLAIRE WEST // BY SONIA BELL // PHOTOS BY BRANDON BASTALDO THE NEST, THE ULTRA-MODERN

condominium coming soon to Hillcrest Village, hosted its official ground-breaking ceremony on Oct. 18, and much like the condominium itself, the ceremony was exciting, unique and extremely well-planned.

The Rockport Group pulled out all the stops for the event: guests feasted on hamburgers provided by the local butcher shop, Roast; caricature artists drew pictures of attendees; and a clown built balloon animals for children. Additionally, the re-creation of the well-known Hillcrest Village mural was in the midst of completion. The mural contains images illustrating all the great things that contribute to the neighbourhood including a bird’s nest symbolizing The Nest – the latest addition to the area.

Daniel Winberg, principal at The Rockport Group, says: “We wanted to create something that the community could enjoy.

All the images along the mural depict all the different elements of this amazing and diverse neighbourhood. We’re going to dedicate it to the community because we love how it celebrates all the amazing things St. Claire West and Hillcrest Village have to offer.”

For more information on The Nest visit thenestcondos.com

066 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 067

IN THE NEWS

AWARDS OF DISTINCTION WINNERS announced by OHBA for 2014 MINTO COMMUNITIES CAPTURED TOP HONOURS

068

when it was named 2014 Ontario Home Builder of the Year by the Ontario Home Builders’ Association (OHBA). The GTA-Ottawa based company excels in its commitment to energy efficient, high-quality craftsmanship in its new home construction, and creative approaches to sales and marketing.

With close to 60 years of experience in the home building industry, Minto Communities has built its reputation on a promise to not just build homes but to create functional neighbourhoods where people can live, work and play. Minto’s commitment to build environmentally friendly communities has placed the firm at the top tier of the industry in Ontario.

In a new category this year, OHBA presented Oakwood Renovation Experts with the 2014 OHBA Ontario Renovator of the Year award. Based in Ottawa, Oakwood has built an enviable reputation as a leading renovation firm during their 58-year commitment to high-quality customer service and giving back to the community. Oakwood staff and renovators adhere to a strict code of ethics, continually embrace new technologies and building practices, and incorporate Green practices to minimize pollution and waste to reduce the environmental impact of their construction projects.

Both Ontario Builder and Renovator of the Year awards are presented to the companies that demonstrate the highest levels of performance, creativity and ingenuity based on judging criteria in the areas of sales and marketing excellence, floor plan design, community service, support of the industry, and its ability to adapt to changing needs.

Congratulations to all the winners!

HOME BUILDER OF THE YEAR 2014: Minto Communities

PEOPLE’S CHOICE AWARD: Cable Bridge Enterprises Ltd. for Treetops - New Tecumseth

PROJECT OF THE YEAR - LOWRISE: Aspen Ridge Homes for Kleinburg Hills - Kleinburg

PROJECT OF THE YEAR – HIGH- OR MIDRISE: Great Gulf Homes for Yonge + Rich - Toronto

There are 39 categories in the 2014 OHBA Awards of Distinction program honouring innovation and excellence in the areas of design and sales and marketing, and the following companies took home first place awards in 2014: MOST OUTSTANDING MIDRISE BUILDING (4 - 10 STOREYS) MADY Development Corp. for: Brookdale on Avenue Road – Toronto (credit to: RAW Design, McOuat Partnership Marketing)

MOST OUTSTANDING HIGH-RISE BUILDING (11+ STOREYS) Great Gulf Homes for: Monde Condos – Toronto (credit to: Cecconi Simone, Quadrangle Architects Ltd., Community)

MOST OUTSTANDING HIGH- OR MIDRISE CONDO SUITE (4+ STOREYS UP TO 800 SQ. FT.) Adi Development Group Inc. for: Link Condos + Towns “Tempus” – Burlington (credit to: Raw Architects, Drive Agency)

MOST OUTSTANDING HIGH OR MIDRISE CONDO SUITE (4+ STOREYS 801 SQ. FT. AND OVER) Rosehaven Homes for: The Randall Residences “Galbraith” – Oakville (credit to: Ferris Rafauli Architectural Design, Richard Wengle Architect Inc.)

MOST OUTSTANDING ATTACHED MULTI-UNIT HOME (SEMI/TOWNHOME/STACKED) Premium Building Group for: Winter Duet – St. Catharines

MOST OUTSTANDING PRODUCTION BUILT HOME (ONE-STOREY) J. Corsi Developments Inc. for: The Vermouth – Sudbury

MOST OUTSTANDING PRODUCTION BUILT HOME (TWO STOREYS UP TO 2,500 SQ. FT.) Eastforest Homes Ltd. for: Vista Hills “Cottonwood” – Waterloo

MOST OUTSTANDING PRODUCTION BUILT HOME (TWO STOREYS 2,501 SQ. FT. AND OVER) Fusion Homes for: Sunningdale Green “Renaissance” – London

MOST OUTSTANDING CUSTOM HOME (UP TO 3,000 SQ. FT.) Delta-Rae Homes for: Custom Home “Calabria” – Whitby (credit to: Hunt Design)

069

MOST OUTSTANDING CUSTOM HOME (3,001-5,000 SQ. FT.) Whitehall Homes & Construction Ltd. for: Westdale Project “Transitional Design” – Oakville

MOST OUTSTANDING CUSTOM HOME (5,001 SQ. FT. AND OVER) Fourteen Estates Ltd. for: The Sandpiper – Port Perry

MOST OUTSTANDING HIGH- OR MIDRISE CONDO SUITE KITCHEN Great Gulf for: Monde Condos – Toronto (credit to: Cecconi Simone, Quadrangle Architects Ltd.)

MOST OUTSTANDING NEW HOME KITCHEN (NEW HOME UP TO 2,000 SQ. FT.) Lucchetta Homes for: Hunter’s Pointe, the Residences – Welland

MOST OUTSTANDING NEW HOME KITCHEN (NEW HOME 2,001 SQ. FT. AND OVER) Castleform Developments Inc. for: 29 Yorkview – North York (credit to: My Design Studio)

MOST OUTSTANDING NEW HOME BATHROOM Aspen Ridge Homes for: Upper West Side – Thornhill

BEST VIDEO HIGH- OR MIDRISE PROJECT (4+ STOREYS) Urban Capital and Malibu Investments for: Smart House – Toronto (credit to: 52 Pick-up Inc., ZeroFractal Studio Inc.)

BEST VIDEO LOWRISE PROJECT (1-3 STOREYS) Georgian International Build Corp. for: Braestone – Oro-Medonte (credit to: McOuat Partnership Marketing)

BEST NEW HOME SALES OFFICE (1,501 SQ. FT. AND OVER) Great Gulf Homes for: Yonge + Rich – Toronto (credit to: Burdifilek Interior Design, Community)

BEST NEW HOME SALES OFFICE (UP TO 1,500 SQ. FT. ) Pratt Homes for: Yonge Station – Barrie

070 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

BEST DESIGN/DECOR CENTRE Brookfield Residential for: Brookfield Residential – Markham

BEST INTERIOR DECORATING - MODEL HOME/SUITE (UP TO 2,000 SQ. FT.) Marz Homes for: Azure - The Emerald – Grimsby

BEST INTERIOR DECORATING - MODEL HOME/SUITE (UP TO 2,000 SQ. FT.) Glenview Homes for: Monahan Landing - The Adirondack – Kanata

BEST INTERIOR DECORATING - MODEL HOME/SUITE (2,001 SQ. FT. AND OVER) Mattamy Homes Ltd. for: The Preserve - Oakville - The 50-ft. Oriole – Oakville (credit to: Gardy Interiors Ltd., Q4 Architects Inc., Payne & Associates)

BEST HIGH- OR MIDRISE PROJECT SALES BROCHURE (4+ STOREYS) Great Gulf Homes for: Yonge + Rich – Toronto (credit to: Community)

BEST LOWRISE PROJECT SALES BROCHURE (1-3 STOREYS) Paradise Developments for: Aurora Trails – Aurora (credit to: G. Ryan Design, Hunt Design Associates Inc.)

BEST PROJECT LOGO BRANDING (FOR INDIVIDUAL COMMUNITY LOGO) Cable Bridge Enterprises Ltd. for: Treetops – New Tecumseth (credit to: Brookfield Residential, Orchard Ridge Homes, BAM Builder Advertising and Marketing Inc.)

BEST PROJECT LOGO BRANDING (FOR INDIVIDUAL COMMUNITY LOGO) Georgian International Build Corp. for: Braestone – Oro-Medonte (credit to: McOuat Partnership Marketing)

BEST USE OF SOCIAL MEDIA; BEST LOWRISE AD CAMPAIGN (1-3 STOREYS) Monarch Corporation for: Tranquility – Ajax (credit to: McOuat Partnership Marketing, PMA Brethour Realty Group) Monarch Corporation for: Monarch Corporation – North York (credit to: McOuat Partnership Marketing)

BEST WEBSITE (BUILDER OR RENOVATOR) Urban Capital and Malibu Investments for: Smart House –smarthousetoronto.com (credit to: 52 Pick-up Inc.)

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 071

MORTGAGE ADVICE

// BY ALYSSA RICHARD

ARE COLLATERAL MORTGAGES GOOD? IN THEORY…

W

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.

hen you sit down with a mortgage broker or bank to talk about your mortgage financing options, one of the products they may offer you is a collateral mortgage. Collateral mortgages are a re-advanceable mortgage product, meaning it comes with the option to borrow more money as your property value increases, without having to refinance your mortgage.

In theory, this should be a fantastic product for mortgage holders.

Normally, if you wanted to borrow equity from your home partway through your mortgage term, you’d have to refinance your mortgage – and pay a hefty penalty to do so. As well, whenever you refinance, you have to pay a real estate lawyer to oversee the transaction. Hello, legal fees – and more costs that need to come out of your pocket.

Unfortunately, the grass isn’t always greener on the other side, and a collateral mortgage might not always be as great as it sounds. Why? Well, for starters, on paper, having a collateral mortgage can make it look like you have more debt than you actually do. Collateral mortgages are registered with a collateral charge, meaning lenders register the home as being worth slightly more than it is (up to 125 per cent more, in fact). They do this so that when the value of your home does go up you’re able to borrow up to 80 per cent of the increased value – not the original amount it was valued at when you first bought it.

The downside to this is the collateral charge could make it look like you have more debt than you really do. If, sometime throughout your mortgage, you wanted to secure secondary financing for other things, a lender would have to review your credit history and would see this larger amount registered under your name. Depending on your financial situation at the time, this may be reason enough for them to decline your application for more financing.

Collateral mortgages are a re-advanceable mortgage product, meaning it comes with the option to borrow more money as your property value increases, without having to refinance your mortgage The second and final reason collateral mortgages aren’t always as great as they sound is that you can’t transfer them to another lender – not even when your mortgage term is up. See, collateral loan agreements aren’t registered with your land title or registry office. Instead, they’re registered under the Personal Property Security Act (PPSA) of Canada. For that reason, it may contain terms that other lenders don’t agree with. So, if you ever decided you wanted to switch lenders, you would need to hire a real estate lawyer (and pay those legal fees) to get out of your agreement.

Now, I’m still not saying you should just steer clear of these products. If you think you’ll need to borrow equity in the future, and plan to keep your mortgage with the same lender, a collateral mortgage would be a great product! But for those who favour flexibility, do all your research before simply signing on the dotted line.

072 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

CHIRP CHIRP, TWEET, TWEET

OWNING IN THE

DOWNTOWN EAST

IS NOW A WALK

IN THE PARK! NOW UNDER CONSTRUCTION!

EN

QUE

The newest phase of the award-winning 35-acre Canary District, Canary Park Condos, is just steps from the new 18-acre Corktown Common park, shopping, dining, public transit and more. Home to the CIBC Pan Am / Parapan Am Athletes’ Village.

ST.

.E ST

.

N

R TE AS

E AV

PRESENTATION CENTRE

MONDAY-THURSDAY 12PM-6PM CLOSED FRIDAYS WEEKENDS & HOLIDAYS 12PM-5PM

E

ST.

RRY

ST.

.

L ST

MIL

P CHE

ST. ITY TRIN

ENT

IAM

L PAR

NT

FRO

Suites from the mid $200’s

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KI

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ENTER PARKING LOT FROM TRINITY STREET (FRONT & CHERRY ST HAVE ROAD CLOSURES)

VISIT OUR NEW PRESENTATION CENTRE ONSITE 398 FRONT ST. E (FRONT & CHERRY) CANARYDISTRICT.COM OR CALL 416.603.7576

Exclusive Listing: Baker Real Estate Incorporated, brokerage. Brokers Protected. *Limited time offer. Some restrictions may apply.

Please speak to a sales representative for more details. Prices and specifications are subject to change without notice E.&O.E.

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 073

IN THE MARKET FOR A

NEW HOUSE

OR A CONDO?

We think finding a home is a lot more than simply finding the right property.

That’s why we put you right in the middle of the search process.

Search your favourite neighbourhood

Find out about nearby services and amenities

View new construction projects and register to get the latest info

Visit the new real estate section on canpages.ca and start looking for that special place.

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074 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

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York Harbour Club - Occupancy Date April 2014 35 Bastion Street & 38 Grand Magazine Street, Toronto Sales Office Located at 125 Western Battery Rd. 647.341.1731

NOW UNDER CONSTRUCTION Ivory on Adelaide - Occupancy Date End of 2014 400 Adelaide St. East, Toronto Sales Office Located at 125 Western Battery Rd. 647.341.1731 EPIC - Occupancy Date January 2015 48 Abell Street, Toronto Sales Office Located at 1151 Queen Street West 416.516.5848 Edge - Occupancy Date August 2014 2-6 Lisgar 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

GRAND OPENING 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. Unit 55 416.519.2911

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

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

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 075

CHOOSE CREATIVITY OVER CONFORMITY

ZIGG WHERE TRADITIONALISTS ZAG. An intimate, new building at 223 St. Clair West in Forest Hill.

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Prices and specifications are subject to change without notice. Rendering is artist’s concept only. E. & O.E. Brokers protected.

FUNDAMENTALLY SPEAKING

// BY WAYNE KARL

Low mortgage rates present

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. Email Wayne at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

S

eptember marked a significant milestone in the mortgage world: It’s now been four years since the Bank of Canada last adjusted its influential overnight target rate. Yes, four full years.

In its latest announcement on Sept. 3, the BoC again held firm at one per cent – where the rate has been since September 2010. And with rates expected to remain at these historical lows until mid-2015 at least, the window of opportunity for those looking for a home remains wide open.

If you could lock in at a low rate over 10 years, for example, that gives you the comfort of knowing what your mortgage payments will be over that period, while over that time you can also take advantage of any pre-payment and lump-sum payment options to pay down your mortgage.

078 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

A WINDOW OF OPPORTUNITY

Another appeal of this scenario is that, as we often point out, experts advise you to take a long-term view of your home purchase. For example, there has been some talk recently about cooling prices and softening sales. But even if that were to happen in your market and housing type, ask yourself: in 10 years, is a home you buy today likely to be worth more or less? If you need an answer to this question, just take a look back at prices 10 years ago. Of course, there are no guarantees, but if you’re in the home-buying mode anyway, today’s low rate environment makes a pretty compelling reason to act sooner than later to take advantage of these opportunities.

Low rates notwithstanding, the banks, financial firms, brokers and other experts still advise homebuyers to practice smart borrowing.

Indeed, a recent study from CIBC shows the number of Canadians taking advantage of low rates to pay down their mortgages sooner declined this year, compared to 2013. Some homeowners, it seems, are being lulled into a false sense of security.

Experts stress that even as rates remain low, buyers should explore everything from putting down a larger down payment to taking advantage of pre-payment options to “stress-testing” your mortgage at a higher rate to ensure your finances can accommodate rate fluctuations or other unforeseen circumstances.

One day, perhaps next year, the mortgage landscape will change. And if you’re among those homeowners who have been somewhat spoiled by continuing low rates, you could be could be in for an unpleasant surprise.

Take advantage of today’s low rates while you can, but also spend the time necessary to find a broker or banker you trust, who knows their business, and who can help you explore what options might be best for you.

More so than in any other area of homebuying, you’re going to rely on this advice – now more than ever. It will prove to be time well spent.

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For a limited time only.

High Park

Phase One Now Under Construction

STEPS FROM HIGH PARK, the final phase of this master planned community in Roncesvalles Village comprises of only 95 residences.

Plus, imagine cooking with gas in your suite. This is a pleasant surprise – and a dream come true for foodies, chefs and lovers of all things grilled. Gas hook-ups are also standard on oversized terraces and take living outdoors to another level. LIVE WELL.

Visit our Presentation Centre and Model Suite

60 HOWARD PARK AVENUE : SAT-SUN 12-5 PM MON-WED 12-6 PM OR BY APPOINTMENT

HowardPark2.com 416.873.0989

* Offer valid with purchase, for a limited time only.

Speak to a sales rep for more details.

Exclusive listing: Milborne Real Estate Inc. Brokers Protected.

Roncesvalles Ave

Bloor St W

Du

nd

as

St

W

Howard Park

Rendering’s is an artist’s impression. Specifications are subject to change without notice. E.&O.E.

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 079

FALL 2014 EDITION FREE

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

Hot markets YOUR GUIDE ON WHERE AND WHAT TO BUY

THE GUIDE TO BUYING AND MANAGING YOUR FIRST HOME

YOUR FIRST MORTGAGE Stress-test before you buy

+

Money sense

CHECKING OFF ALL THE COSTS – AND OPPORTUNITIES TO SAVE! SPECIAL EDITION

416.626.4889 080 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

001 YFH Cover Fall2014_TL-FIN.indd 1

14-08-25 3:59 PM

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 081

TAXING ISSUES

// BY HENRY CHOO CHONG

CALCULATING CAPITAL GAINS TAX A

Henry Choo Chong is a certified general accountant. He sits on many committees and provides accounting and tax services to individuals and businesses in the GTA. He can be reached at 416.485.5225. Questions to Taxing Issues can be emailed to choochonghcga@yahoo.ca

The opinions and views expressed herein are those of the author and not those of New Condo Guide. New Condo Guide does not necessarily endorse or encourage any specific tax strategies.

Please consult a tax professional for advice specific to your particular situation.

Capital gains tax is charged on the profit realized from the sale of non-inventory assets. Most common assets are stocks, bonds and real estate. Currently, the income inclusion rate is 50 per cent. The taxable inclusion rate has bounced from inception 50 to 75 per cent, to 66 per cent, to its current rate. Therefore, an individual with capital gains must include in his/her personal tax return, 50 per cent of the capital gain. Yes, this can add up to be a large chunk of change and reduces your actual after tax rate of return on your investment.

Where did this tax come from? You say, many countries do not have this! Canadians were first introduced to capital gain tax in 1972. The Canadian government claims this was necessary to finance our social security programs and create a more equitable taxation system. Almost 40 years since and it is still around. Don’t you feel more secure about your social security and equality in our tax system? Some countries such as Belize, Barbados, Cayman Islands, Egypt, and Hong Kong have no capital gains tax. On the other hand, there are many countries with similar taxation to Canada’s such as Bulgaria, Denmark, France, Finland and Iceland.

Regardless, if you actually move in or not, you will be subject to capital gains tax on your sale in the year the transaction is completed. Individuals that purchase new or resale homes are treated no differently. Mr. Harper wants his share of the profit.

Using a marginal tax rate of 40 per cent in the example;

» Capital gains $40,000 » Taxable capital gains (50%) $20,000 » Tax rate: 40% » Taxes payable: $20,000 x 40% = $8,000

Q

Two years ago, I purchased a new home from a builder in north Toronto. Occupancy is this November and I expect to complete transaction in March of next year. My sale price was $40,000 more than the initial purchase price. I have never lived in the property. Thus far, it has all been handled by my lawyer.

Will I have to pay capital gains tax on this? How much and can I claim the lifetime exemption?

Brian, Scarborough 082 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

Under certain circumstances the lifetime capital gains exemption can be claimed to reduce or eliminate capital gains. An individual that disposes of qualified farm or fishing property and small business corporation shares may claim an exemption up to $750,000. Your particular transaction does not qualify for this exemption.

Some other issues you should ponder and discuss with a lawyer and/or tax professional:

» GST/HST – how will investment be treated on closing? » GST/HST – are rebates available? » Land Transfer tax – How will this be managed at closing? » Is builder okay with this assignment? » Any issues with occupancy? Who takes? » Have you considered the cost of occupancy period?

Decidedly different.

Condominiums at Sherbourne & Bloor.

STAY CONNECTED. REGISTER TODAY.

The Selby Condos .com

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 083

MAKE YOUR MOVE

// BY CHUCK RESNICK

TECHNOLOGY ON THE MOVE

L

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

During a move, whether it’s across town or across Canada, it is important to give these items special treatment so they arrive in one piece and in good working order

et’s face it, your electronic devices make the world go ‘round. Being in the moving business, we realize how important those items are to families.

One of the most common questions we get is how to transport electronics safely, especially big-screen TVs. During a move, whether it’s across town or across Canada, it is important to give these items special treatment so they arrive in one piece and in good working order. The best advice we have for accomplishing this goal requires some forethought: keeping the original boxes and foam spacers the electronic items came in. That is truly the safest method for moving them.

Of course, people rarely keep these boxes, so there are specialty boxes and crates designed specifically to move big-screen TVs safely. People who do their own packing and moving should be aware of how easy it is to damage one of these units. Spending a few dollars extra to purchase or rent one of these special boxes can make all the difference.

Another thing to remember is that most of these television sets are mounted on wall brackets, and moving companies are reluctant to disassemble the wall mounts or assemble them at the other end. Usually, if something is going to go wrong, that’s when it will happen – and again, people rarely keep the installation instructions for the brackets. It’s far too chaotic on moving day to try and find instruction manuals. The best plan when preparing for your move is to take the TVs off the walls yourself ahead of time and have them ready to be packaged properly.

Here’s a tip for anyone disassembling electronics for a move: get your digital or phone camera and take photos of the wiring connections on the backs of the TVs, cable boxes, DVD players and the like. When it comes time to reassemble them, it will be much easier to reference how they were set up originally, saving time, stress and frustration.

The same goes for stereos and gaming systems. Many teenagers leave their entire gaming systems hooked up until moving day. It’s up to them to disassemble their systems and hopefully place them into their original packaging. If not, the best thing to do is wrap consoles in anti-static bubble wrap and place them into appropriately sized boxes so they won’t move around during the trip. In fact, this is the best way to treat most electronics.

That includes computers – especially desktop units. We have specialty boxes designed specifically for them that can be bought separately. If you choose not to go that route, then surround the unit with anti-static bubble wrap and place it into an appropriately sized box.

And here’s a handy tip: pack the associated hardware with the electronic item. For instance, place your computer’s mouse, keyboard, power cord, scanner and printer cables into the same box. When these items all arrive together at your new digs, you’ll be very glad you did!

THE TIME IS NOW

CONSTRUCTION IS UNDERWAY

THE TIME TO BUY IS NOW A great selection of designer suites are still available. This is your last chance for pre-construction pricing.

VISIT OUR PRESENTATION CENTRE FOR MORE DETAILS AND TO LEARN ABOUT OUR LIVE FREE BE FREE INCENTIVE.

DEVELOPER

EXCLUSIVE BROKERAGE

LIFEATPARKSIDE.COM | 905 273 9333 465 BURNHAMTHORPE RD. W. MISSISSAUGA, ON PRICES & SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. RENDERINGS ARE ARTIST’S CONCEPT – E.&O.E.

HOMEBUYERS’ HELP

// BY MARNIE BENNETT

TOP 10 MISTAKES

first-time homebuyers make, and how to avoid them

B

uying a new home is one of the most significant decisions of your life. Be properly educated and make all the right moves to ensure your home is both a comfortable place to live and a great investment for the future. Here is a list of the 10 most common mistakes to avoid:

1. Failing to use a trusted adviser

Marnie Bennett is the number one Realtor worldwide for Keller Williams Realty Inc., and is in the top one per cent of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals. Contact mbennett@bennettpros.com for a free copy of 10 Deadly Mistakes Buyers Make When Purchasing a Home. bennettpros.com

Most buyers don’t know what they can afford. It is critical that you know both your credit rating and how much of a mortgage you qualify for before you begin shopping for a home.

A home is the greatest asset of your life, so you need to ensure you have done the proper homework. It is critical that you work with a professional such as a trusted real estate representative and lawyer. Make sure your real estate professional is dedicated to the job full time, and that they know exactly what you’re looking for in your top neighbourhood – not their’s.

Work with someone who gets you the best price and a hassle-free experience.

2. Wasting time by looking at homes you can’t afford

Most buyers don’t know what they can afford. It is critical that you know both your credit rating and how much of a mortgage you qualify for before you begin shopping for a home.

Get a full mortgage pre-approval from your bank or broker, which is a commitment from the lender that states the purchase price and your interest rate – guaranteed for a specific amount of time, usually 90 to 120 days.

When buying a brand new build, you will need a capped rate up to 18 months to accommodate the construction period. With this approval in hand, you can then concentrate on looking at condos you know you qualify for.

3. Buying the wrong home

The first thing prospective buyers should do is make a list of priorities and outline the “must-haves” and your “wish list.” Determine the desired housing style, number of bedrooms, bathrooms, neighbourhood, parking and proximity to work or public transportation. There are so many choices, so be clear and concise, and stick to your budget.

4. Trying to save money by not hiring a professional home inspector

A home inspection can help distinguish a home that is a money pit from one that is a gem. Even buyers of brand new homes can benefit from a home inspection.

CONTINUED ON PAGE 088…

086 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

NEW AND DAZZLING .

The evolution of Emerald City, one of North York’s most successful master planned communities.

Great design, sparkling amenities and a convenient location, close to Fairview Mall and the Sheppard subway.

FROM THE MID $200’s COMING SOON. Register today. coloursofemeraldcity.com

coloursofemeraldcity.com 416.492.0001 /emeraldcitylife

Presentation Centre Hours: Mon-Thurs 11-6pm Sat & Sun 12-5pm Closed Fridays

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

HOMEBUYERS’ HELP

CONTINUED…

Resale and new homes each have their own advantages and disadvantages.

Make a list and compare them. For example, with a new home you have choices such as style, finishes and the suite’s location in the building – and everything is new.

5. Not revisiting your target neighbourhood a few times

It is critical that you view the home at different times of the day and at night. You want to ensure you made the right decision on your neighbourhood of choice – and potentially your new neighbours.

6. Giving in to fear

Yes, buying a home is a scary thing and you may not feel certain you’ve found the right place. Should you buy now? Will prices fall? Will you receive any incentives? Should you keep looking? Remember, when you’re renting you are making someone else rich and not building equity in your own home.

When you become a homeowner, you have a fixed asset and you’re on your way to financial freedom.

Do your homework and be ready to make the decision when you find the perfect home for you.

Have confidence.

7. Not being prepared for closing costs

The down payment is one thing, but there are other closing costs such as lawyer fees, land transfer taxes, utilities, insurance and others, so be prepared. You may also be eligible for government programs such as the Home Buyers’ Tax Credit and Home Buyers’ Plan, so do your research and know what your total costs will be.

8. Not understanding your mortgage

This is a complex and often-intimidating topic, but what you learn (or don’t learn) about mortgages could save or cost you thousands of dollars. Key factors are your interest rate and amortization, but also find out what your payment privileges are, whether the mortgage is portable, your down 088 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

payment requirement, insurance needs, if the mortgage is open, closed, variable or fixed.

Understand the terms and what they mean for you.

9. Failing to understand the differences between buying a new home and a resale home

Resale and new homes each have their own advantages and disadvantages. Make a list and compare them. For example, with a new home you have choices such as style, finishes and the suite’s location in the building – and everything is new. But you also may face construction delays, which could impact your finances or current living arrangements. With resale, what you see is what you get.

Figure out which scenario is best for you.

10. Being ill-prepared for moving day

It is important to establish a list of priorities and ensure you have contacted the utility companies, secured proper insurance, booked movers, rerouted your mail and finalized all financing. If you do all your homework and you’re well prepared, moving day can be the start of one of the greatest experiences of your life.

DESIGNER ADVICE

THE ART OF ART // BY YANIC SIMARD // PHOTOS BY TED YARWOOD

FRESHLY PAINTED WALLS ARE BEAUTIFUL, but hanging artwork truly takes the look of your space up a notch. It’s like the icing on the cake – it’s plain and bare without it.

Choosing artwork can be a big challenge if you don’t have any idea of what you want, so I’ve assembled some tips that you might find helpful.

DO YOUR HOMEWORK

I would highly suggest taking some time to do a little background research on the different styles and artists that are out there. The more knowledgeable you are, the better you’ll feel when making your purchase. If you go into the whole experience blind, you might come out of it wondering if you made the right choices.

PHOTOGRAPHY VERSUS PAINTED

You really can’t compare photography and painting – choosing which one suits you is more of a personal preference, though you can definitely mix both in your interior setting. If you’re planning to do more of a grouping or gallery style, I would suggest sticking to one type..

STAY OPEN MINDED

When you’re buying art, try not to have anything particular in mind besides the size you need and possibly the colour

090 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

The more knowledgeable you are, the better you’ll feel when making your purchase.

If you go into the whole experience blind, you might come out of it wondering if you made the right choices. scheme. There are two schools of thought around art and colour schemes – either that you want it to blend or you don’t (which is another personal preference). The only thing you don’t want is for the piece to look forced, because then it will look awkward in the space. Most of the time, you’ll go into a gallery thinking you want one thing and spend time searching for it, but in the end you’ll actually leave with the complete opposite.

LOOK LOCAL & ABROAD

If you’re trying to find something with a story behind it, do a quick search of local artists/photographers; if you go on vacation, do the same thing before you leave.

Connecting with the individual who created the art and hearing the history behind it first-hand is a really cool experience. My design firm, Toronto Interior Design Group, recently had a piece of artwork commissioned by the exceptional Canadian artist Tony Koukos. I had something specific in mind, and the piece turned out just as beautifully and perfectly as I had imagined. Our clients absolutely love it, especially because of the story behind it. Artwork is always a conversation piece, and looking both locally and abroad will help make it even more of one.

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 091

You want to make sure that the height you hang it at is just right, to avoid creating unnecessary and irritating-to-the-eyes holes in the walls.

A FEEL-GOOD INVESTMENT

If you leave the shop with a smile on your face, feeling happy about what you purchased, whether or not you purchased a piece from a world-renown artist shouldn’t matter.

HANGING THE ART

There is as much of an art to hanging the art as the art itself.

You want to make sure that the height you hang it at is just right, to avoid creating unnecessary and irritating-to-the-eyes holes in the walls. The general rule of thumb is to have the centre of the artwork (or the grouping of artwork) at eye level. If it’s meant to be viewed while seated, it should be hung at the eye level you have when you’re sitting down.

FRAMED OR UNFRAMED?

We all know that framing can cost a fortune – and can sometimes take away from the artwork itself.

The idea behind framing is that you want to enhance the beauty of the piece. You might want to try hanging it without a frame first – to decide if it even needs one, or to help decide on what type/scale/ finish of frame to go with. When it is within its surroundings, it’s easier to determine what to do with it.

092 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

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

GTA Edition Oct 25 - Nov 8, 2014

Your complete source for condos, lofts and townhomes in Toronto

IN THIS SECTION Maps and listings for new condo communities in the 416 region Builder news and the latest in condos in the 416

CONDO WATCH

The Upper House

by Knightstone

Buy with just five-per-cent down at the one-day sales promotion on Oct. 25! Two- and threebedroom townhomes from the mid-$600’s. Visit the sales centre at 25 Malcolm Rd. Register now.

Web: TheUpperHouseCondos.com

Zigg St. Clair West

by Madison Homes/Fieldgate Homes

416

Builders: If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@wall2wallmedia.com

previews & registrations Yorkville Plaza II

by Camrost Felcorp

Coming this fall, a new signature tower rising in Yorkville. Register now.

Web: CumberlandTower.com/CG

Minto Yorkville Park

by Minto

Luxury condos coming soon to Bellair and Cumberland. Register now.

Web: MintoYorkvillePark.com

Urban Towns in Queen West

by Great Gulf

new releases & grand openings Islington Terrace

by Tridel

Register now for this intimate new building boasting a unique terraced design, at 223 St. Clair West.

Web: ZiggCondo.ca

Grand opening, steps to the subway in the vibrant Islington Village community.

Web: Tridel.com

Wellesley on the Park

by Lanterra Developments

Eau du Soleil

by Empire Communities

An iconic address is taking root at Wellesley between Bay and Yonge.

Register for news and updates.

Web: 11Wellesley.com

Minto West Side

by Minto

New release of fabulous Waterview Suites, including the Terrace Collection.

Web: EauDuSoleilCondos.com

Residences of 488 University Avenue

by Amexon Development Corp.

Coming soon – design-forward condos coming soon to Front and Bathurst. Register now.

Web: MintoWestSide.com

Presentation gallery now open, showcasing this new 55-storey glass and steel tower coming soon to University Avenue.

Web: 488University.com

Beacon Condominium

by Sorbara Development Group

90 Niagara

by Fieldgate Homes

Releasing this fall at North York City Centre.

Act now! Register to stay informed.

Web: BeaconCondos.ca

Riverside Square

by Streetcar

New release: seven urban townhomes and eight balcony suites at 90 Niagara, one of Toronto’s most anticipated new residential addresses.

Web: 90Niagara.com

Diva Condo

by Torbel

Lofts coming soon to Queen and the Don Valley. Register now for more information as it becomes available.

Web: RiversideSquare.ca

Grand opening now on at North York’s newest boutique condo. Visit the sales office.

Web: DivaCondo.com

King Blue

by Greenland

Riva del Lago

by Monarch

Luxury condos coming to the heart of the Financial and Entertainment Districts.

Register online.

Web: KingBlueCondos.com

The Kip District

by Concert Properties

Coming this fall to Kipling and Dundas – urban style on the west side. Register now.

Web: TheKipDistrict.com

The Selby

by Cityzen Dev./Fernbrook Homes

Now open – a new boutique condo is making waves on Etobicoke’s Humber Bay waterfront.

Web: MonarchGroup.net

Aristo at Avonshire

by Tridel

Elegance and luxury inspired by Parisian haute couture. Visit the Global Style Model Suite.

Web: Tridel.com

Canary Park Condominiums

by Dundee Kilmer Developments

Register now for urban townhome living, coming soon to Florence Street in the Queen West neighbourhood.

Web: GreatGulf.com/comingsoon

Register now for this decidedly different condo, coming to Sherbourne and Bloor.

Web: TheSelbyCondos.com

Grand opening continues at award-winning Canary District. Visit the new on-site presentation centre.

Web: CanaryDistrict.com

The Eglinton

by Menkes

The Colours of Emerald City

by ELAD

The Nest

by Rockport Group

Menkes’ newest condo is truly “Yonge” at heart. Condos coming soon to Yonge and Eglinton. Register now to stay informed.

Web: Menkes.com

Be part of the evolution of Emerald City, one of North York’s most successful master-planned communities. Register now.

Web: ColoursofEmeraldCity.com

Now open on St. Clair Avenue West – a sophisticated new residence at a great midtown address.

Web: TheNestCondos.com

Park Towers at IQ

by The Remington Group

The PJ

by Pinnacle International

50 at Wellesley Station

by Plaza

Place 2 is coming soon to Islington and Queensway. Register today for the priority preview sale.

Web: IQCondos.com

Blue Diamond at Imperial Plaza

by Camrost Felcorp

Brilliant living is coming soon to Avenue Road and St. Clair. Register now.

Web: BlueDiamondCondos.ca 094 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

Handsome architecture and a vibrant location where Pearl meets John. Register today.

Web: PJCondos.ca

Royal York Urban Towns

by Icon Homes

Coming soon to the growing lake-side community of Mimico. One-, two- and threebedroom designs. Register now.

Web: TheRoyalYork.ca

New release in the thriving Yonge-Wellesley neighbourhood, conveniently located right on the subway line.

Web: PurePlaza.com

The Barrington Condominium Flats

by Lash/Goldman Group of Companies

Now open! Condominiums overlooking Forest Hill coming soon to St. Clair and Bathurst.

Web: BarringtonCondos.com

RESIDENCES

COME SEE WHY WATERMARK IS MAKING WAVES ON THE ETOBICOKE WATERFRONT. MODEL SUITES NOW OPEN Immediate Occupancy • 5% Deposit • Free Parking • Locker Storage Over $40,000 in Upgrades Included in Price

Starting from the mid $300’s

All prices & specifications are subject to change without notice.

E.&O.E. All Illustrations are artist’s concept only. Brokers Protected

Long Branch

3563 Lake Shore Blvd. W., Monday to Thursday 12 pm to 7 pm Saturday, Sunday & Holidays 11 am to 6 pm 416.354.2221 I queenscorp.com

N

Brown’s Line

Presentation Centre

Kipling Ave.

The Most Outstanding Mid-Rise Building

Thirty Fifth St.

Ontario Home Builders’ Association Award Winner

Lake Shore Blvd. W.

CONDO PROFILE

The art of design-forward living at

THE URBAN TOWNHOME COLLECTION

p

emberton Group has achieved a rare fusion of compelling residential architecture, captivating interior design, and thought-provoking original artwork. These alluring elements can be found in a world-class neighbourhood at the company’s brand new model at The Urban Townhome Collection at U Condominiums.

Showcased within the model home, fully furnished and designed by the multi-award winning firm UNION31, is a thoughtfully curated selection of artwork by prolific Canadian author, visual artist and cultural iconoclast, Douglas Coupland. Pemberton Group and The Urban Townhome Collection is a proud Supporting Sponsor of Coupland’s Toronto solo museum exhibition: Douglas Coupland: everywhere is anywhere is anything is everything, opening on January 31 at the Royal Ontario Museum and the Museum of Contemporary Canadian Art. UNION31 and Pemberton

096 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

PICTURED ON OPPOSITE PAGE: Within the open-concept model is a

thoughtfully curated selection of artwork by Douglas Coupland PICTURED ABOVE, LEFT: Opulent master ensuites feature a freestanding soaker tub, custom-designed vanity and Kohler fixtures PICTURED ABOVE, RIGHT: The large second bedroom has its own ensuite PHOTOS BY ARTHUR MOLA PHOTOGRAPHY

collaborated with Coupland’s Toronto representative, Daniel Faria Gallery, to choose the pieces that grace the 3,250 sq. ft. (includes a 622-sq.-ft. rooftop terrace) Victoria model townhome, which pushes the boundaries of conventional design.

The Urban Townhome Collection is comprised of 19 unique layouts with limestone exteriors that anchor U Condominiums’ two modern highrise towers. The community is under construction along Bay Street between St. Mary and St. Joseph Streets, and presents an extraordinary opportunity to own a Pemberton-built townhome steps from Bloor-Yorkville. Toronto’s finest shopping and dining, and a roster of Canadian cultural amenities are within walking distance, and the community is adjacent to the lush grounds and historic buildings of the St. Michael’s campus of the University of Toronto.

Architecture for The Urban Townhome Collection is created by architectsAlliance with interiors designed

by UNION31. These homes are ideal for those seeking the ultimate in luxury in an urban oasis or the prestige of a Bay Street Live/Work address. Each home has its own garage, a private elevator, and a street-level front door with a camera that can be viewed by the resident or the Concierge in the towers’ central lobby. Entry doors will have a security contact monitored 24-7 by the Concierge. The private rooftop terrace and pre-cast ground floor patio both have hose bibs and gas barbecue outlets.

Interior features and finishes, all as per plan,

SHOWCASED WITHIN THE MODEL HOME, FULLY FURNISHED AND DESIGNED BY THE MULTI-AWARD WINNING FIRM UNION31, IS A THOUGHTFULLY CURATED SELECTION OF ARTWORK BY PROLIFIC CANADIAN AUTHOR, VISUAL ARTIST AND CULTURAL ICONOCLAST, DOUGLAS COUPLAND include 10-ft. main floor room heights, pre-finished engineered 7½-inch wood flooring in principal rooms, and smooth finished ceilings throughout. Irpinia kitchens boast custom-designed cabinetry, an island with granite countertop and sides, granite kitchen countertop and backsplash, and a Sub-Zero, Miele and Wolf appliance package.

Townhome residents will enjoy access to 4,500 sq. ft. of community rooftop amenity space with a wraparound terrace offering 360-degree city views. The spacious party room has a caterers’ kitchen and private wine locker, and there’s a library, billiards room, and fitness centre.

The two-bedroom-plus-den, three-bedroom and three-bedroom-plus-den townhome designs range from 2,350 sq. ft. (plus 677-sq.-ft. rooftop terrace) to 3,288 sq. ft. (plus 255-sq.-ft. rooftop terrace), and are priced from $1.9 million to over $3 million.

Pemberton Group has more than 50 years’ experience building superb communities in many of the Greater Toronto Area’s most desirable neighbourhoods. To book your private appointment and for a personal tour of the model, please call 416.546.6605. For more information or a virtual online tour, visit PembertonGroup.com.

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 097

IN THE NEWS

// BY LYDIA MCNUTT

GTA CONDO RENTAL MARKET HITS A Q3 HIGH, growth rate slows to two-year low WHILE JULY, AUGUST AND SEPTEMBER TYPICALLY

mark the busiest time of year for landlords and hopeful tenants seeking new digs for the new school year, Urbanation’s latest condo rental market report shows that the leaves weren’t the only thing that fell in the third quarter of this year.

Condominium units rented through the multiple listing service (MLS) in the GTA reached a record high for a second consecutive quarter, at 7,132 units – up 10 per cent over year-ago levels, but only half the rate that was recorded in the first half of 2014, and the slowest pace of growth in condo rental demand in the last two years, according to Urbanation.

The condominium market research firm attributes the slowdown to a dip in listings in the third quarter, “which fell back from their record high in the second quarter to 8,961 units. Listings were held back during the quarter by fewer new project registrations.”

“Rental activity is heading towards a more sustainable pace as demand levels-out following extremely high rates of growth in previous quarters,” says Shaun Hildebrand, Urbanation’s senior vicepresident. “With the fundamentals such as immigration, population and employment growth in

10,000 9,000 8,000 7,000

$2.50

Units rented

$2.45

Units listed Avg. rent per sq. ft.

$2.44 $2.41

$2.35

6,000 5,000

$2.30

$2.31

4,000 3,000

$2.40

$2.25

$2.24

$2.20

2,000

$2.15

1,000 0

$2.10 Q3-11

Q3-12

Q3-13

Source: Urbanation, TREB/MLS

098 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

Q3-14

“ Rental activity is heading towards a more sustainable pace as demand levels-out following extremely high rates of growth in previous quarters”

Toronto recently slowing while condo completions move higher, rents can be expected to stay flat over the next year, although remain supported by still low rates of vacancy.”

Rental market at a glance...

According to Urbanation’s rental market results, rents were up 1.2 per cent year over year, to $2.44 per sq. ft. in the third quarter, at an average of $1,870 per month – on par with last year’s average.

Rent growth edged higher following first half growth of less than one per cent as market conditions tightened with less supply competition. The average rental unit size also increased to 767 sq. ft. from a record low of 755 sq. ft. in the Q2.

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NOW OPEN NOW OPEN NOW OPEN NOW OPEN Introducing The Barrington Condominium Introducing The Barrington Condominium Introducing The Barrington Condominium Introducing The Barrington Condominium Flats, a spectacular building setone in one Flats, a spectacular building one of Flats, a spectacular building set in ofin of Flats, a spectacular building set inset one of Toronto’s prime urban neighbourhoods Toronto’s prime urban neighbourhoods Toronto’s prime urban neighbourhoods Toronto’s prime urban neighbourhoods at Clair St. Clair and Bathurst.

St. Clair and Bathurst. at St. and Bathurst. at St.atClair and Bathurst.

With TTC at your doorstep steps With TTC at doorstep and steps With TTC at your doorstep andand steps With TTC at your your doorstep and steps to the St. Clair West subway the St. Clair West subway to the St.to Clair West subway to the St. Clair West subway if(or you The Underground), ifwish you The Underground), (or (or if you wish Thewish Underground), (or if you wish The Underground), is where you want to be.to be. this is where you want thisthis is where you want to be. this is where you want to be.

Cheers to The Barrington!

Cheers to Barrington!

The Barrington!

Cheers to The Barrington!

Cheers to The

OVERLOOKING OVERLOOKING OVERLOOKING OVERLOOKING FOREST HILL FOREST HILL FOREST HILL FOREST HILL FROM THE MID

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* Artist Concept * Artist Concept * Artist Concept * Artist Concept

Presentation Centre: St. Clair Avenue, West Hours: Mon-Thurs: noon-6pm, Closed. &Sat Sun: noon-5pm Presentation Centre: 522 St. Clair Avenue, West Hours: Mon-Thurs: noon-6pm, Fri.: Closed. & Sun: noon-5pm Presentation Centre: 522522 St. Clair Avenue, West Hours: Mon-Thurs: noon-6pm, Fri.:Fri.: Closed.

Sat Sat & Sun: noon-5pm Presentation Centre: 522 St. Clair Avenue, West Hours: Mon-Thurs: noon-6pm, Fri.: Closed.

Sat & Sun: noon-5pm BarringtonCondo BarringtonCondo 416.410.4444 BarringtonCondo 416.410.4444 416.410.4444 BarringtonCondo 416.410.4444

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Exclusive Listing Prices and specifications are subject to Brokerage. change without notice.

See Sales Broker, The Condo Store Realty Inc., Brokers Protected.

E.Representatives & O.E. 2014. for details. Images are for mood and impression only. Exclusive Listing Broker, The Condo Realty Inc., Brokerage.

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Broker, The Condo Store Realty Inc., Brokerage. Brokers Protected. E. & O.E. 2014.

CONDO PROFILE

TORONTO’S LUXURY WATERFRONT COMMUNITY EAU DU SOLEIL releases new Waterview Suites and new designs New presentation gallery opens at 2183 Lakeshore Blvd. W.

e

mpire Communities has designed the perfect spot to live and dream with Eau Du Soleil Condominiums, one of Canada’s most iconic communities at Humber Bay along the shores of Lake Ontario.

Toronto’s ultimate luxury waterfront living destination is releasing new Waterview Suites, featuring The Terrace Collection along with new designs in its two towers.

Starting at the mid-$300,000s, the Terrace Collection suites range from 480 sq. ft. for one-bedroom designs, to 1,243 sq. ft. for three-bedroom-plus-den.

Terraces are located throughout floors three through 15.

100 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

Looking to enter the real estate market for the first time? Eau Du Soleil is a good investment choice.

With its optimum location and superb design, you have the best of both worlds. Suites offer stylish modern interiors and fabulous finishes with plank laminate engineered flooring, glass tile backsplash, stainless steel appliances and granite countertops that add impressive finishing touches.

LAKE-SIDE LUXURY

The towers of Eau Du Soleil will take their place in this established Etobicoke community known for its scenic lake-front parks and ample recreation facilities.

The towers of Eau Du Soleil will take their place in this established Etobicoke community known for its scenic lake-front parks and ample recreation facilities Designed by the world renowned Zeidler Partnership and E.I. Richmond Architects, the two towers, connected by a dramatic podium, will offer aweinspiring phenomenal views and spectacular amenities.

Eau Du Soleil’s amenities encompass a health and wellness facility that boasts an indoor salt-water pool and whirlpool, professionally equipped exercise room with weight training and cardio areas, a Cross Fit training zone, yoga and Pilates studio, a spin room with bikes, treatment rooms, a mixed martial arts room, kids’ play area and an outdoor multi-purpose sports court.

Residents and their guests will enjoy Eau Du Soleil’s entertainment facilities which include private dining rooms with kitchen facilities, a party room with wet bar and lounge, a games room and theatre rooms. For those warm summer days and nights, there is a beautifully landscaped outdoor terrace with a bar, lounge seating, barbecue and fire pit.

WHERE THE CITY MEETS THE WATERFRONT

The perks of waterfront condo living at Eau Du Soleil mean residents are just minutes away from Humber Bay’s jogging paths and glorious lake-front walking trails, along with sailing and tennis clubs and fabulous restaurants and shops in nearby Bloor West Village and Roncesvalles.

Eau Du Soleil is just seconds away from the Gardiner Expressway, a quick and convenient route to downtown Toronto. The Mimico GO station is minutes away and TTC is right at your doorstep. Hwy. 427 and QEW provide speedy routes to the north and west. Living at Eau Du Soleil means connections to the water, the city and nature.

Eau Du Soleil just launched a stunning new presentation gallery at 2183 Lakeshore Blvd. W. Hours are Monday to Friday from noon to 6 p.m.; and Saturday, Sunday and holidays from noon to 5 p.m. Call 416.503.3328 or visit EauDuSoleilCondos.com.

ABOUT EMPIRE COMMUNITIES Vaughan-based Empire

Communities (empirecommunities.com) is a residential builder and developer involved in all sectors of the new home building industry, including both lowrise and highrise, and ranging from luxury to affordable housing.

Empire Communities has an established tradition of creating prestigious, award-winning new homes, communities and amenities throughout the GTA and Southern Ontario, and has earned a reputation for outstanding attention to detail and customer service.

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 101

IN THE NEWS

CANADIAN HOME SALES ease in September

HOME SALES ACROSS CANADA DROPPED 1.4 PER CENT

in September compared to sales recorded in August, marking the first monthly decline since January 2014, according to statistics released recently by the Canadian Real Estate Association (CREA).

Activity was down in about 60 per cent of all local housing markets in September, led by monthly declines in Calgary, Edmonton, Central Toronto, KitchenerWaterloo, London and St. Thomas, Windsor-Essex, and Ottawa. Home sales rose on a month-over-month basis in Fraser Valley, Vancouver Island, the Okanagan region, Mississauga, Durham and York regions of the Greater Toronto Area, Sherbrooke, and the Northern region of Nova Scotia.

“Affordably priced single-family homes are in short supply in some of Canada’s hottest housing markets, which contributed to the monthly decline in national sales activity in September,” says CREA president Beth Crosbie. “That said, there are other markets with ample supply but sellers there are holding firm on price.

There is a lot of variation in housing market trends depending on the type of housing, neighbourhood and price segment.”

Actual (not seasonally adjusted) activity in September stood 10.6 per cent above levels reported in the same month last year, up from yearago levels in about 80 per cent of all local markets led by Greater Vancouver and the Fraser Valley, the Okanagan region, Calgary, Greater Toronto and Montreal. The increase reflects activity in September 2013 that was handicapped by the occurrence of five Sundays, since that day is the lowest volume trading day for home sales.

Sales activity for the year-to-date in September was five per cent above where it stood in the first nine months of 2013, and remains broadly in line (+1.6 per cent) with the 10-year average for the period.

The number of newly listed homes declined by 1.6 per cent in September compared to August.

New supply was down in just over half of all local markets, led by Calgary, Edmonton, Greater Toronto, Kingston and Ottawa.

The national sales-to-new listings ratio was 55.7 per cent in September.

With sales and new listings having fallen in tandem, it was little changed from its reading of 55.6 per cent the previous month. A sales-tonew listings ratio between 40 and 60 per cent is usually described as a balanced market.

Just over half of all local markets posted a sales-to-new listings ratio in this range in September. Two-thirds of the remainder posted readings above the 60-per-cent threshold that marks the border between balanced and seller’s market territory, almost CONTINUED ON PAGE 104…

102 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

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OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 103

IN THE NEWS

CONTINUED…

“ Sales activity and prices in the third quarter were up compared to the second quarter, although momentum going into the fourth quarter is showing tentative signs of waning” all of which are located in British Columbia, Alberta and Southern Ontario.

The number of months of inventory is another important measure of the balance between housing supply and demand. It represents the number of months it would take to completely liquidate current inventories at the current rate of sales activity.

There were 5.9 months of inventory nationally at the end of September 2014, up slightly from 5.8 months in August and slightly below the six months reported in May, June and July.

Both the sales-to-new-listings ratio and the number of months of inventory remain well within balanced market territory while pointing to a national market that has tightened since the beginning of the year.

The MLS Home Price Index (MLS HPI) provides a better gauge of price trends than is possible using averages because it is not affected by changes in the mix of sales activity the way that average price is.

Greater Moncton joins the MLS HPI this month, bringing the total number of markets covered by the index to 11, representing more than half of sales activity across Canada.

The Aggregate Composite MLS HPI rose by 5.28 per cent on a year-over-year basis in September. Price growth has been steady at about five to five-and-a-half per cent since the beginning of the year.

Year-over-year price growth accelerated slightly for two-storey single-family homes and slowed further for apartment units. Price gains for one-storey single-family homes and townhouse/row units were little changed compared to August.

Two-storey single-family homes continue to post the biggest year-over-year price gains (+6.52 per cent), followed closely by townhouse/row units (+5.51 per cent) and one-storey single-family homes (+5.07 per cent).

Price growth for apartment units remains comparatively more modest (+3.05 per cent).

Price growth varied among housing markets tracked by the index. As in recent months, the biggest gains were posted by Calgary (+10.11 per cent), Greater Toronto (+7.82 per cent), and Greater Vancouver (+5.26 per cent).

Price gains were fairly flat elsewhere, with only 104 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

Vancouver Island having posted year-over-year gains greater than consumer price inflation.

The actual (not seasonally adjusted) national average price for homes sold in September 2014 was $408,795, up 5.9 per cent from the same month last year.

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

Excluding these two markets from the calculation, the average price is a relatively more modest $325,406 and the year-over-year increase shrinks to 4.5 per cent.

“Sales activity and prices in the third quarter were up compared to the second quarter, although momentum going into the fourth quarter is showing tentative signs of waning,” says Gregory Klump, CREA’s chief economist. “The continuation of extraordinarily low mortgage rates has been and will continue to be the key support for home sales activity amid continuing price increases in some of Canada’s most active and expensive urban centres.”

*Prices and availability subject to change or be withdrawn without notice and do not include taxes. E&O.E.

THIS ISN’T AN EVOLUTION. IT’S A REVOLUTION IN URBAN DESIGN AND MOBILITY.

BRAND NEW PRESENTATION CENTRE AND DISPLAY SUITE NOW OPEN

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Enigma represents more than a subtle shift in urban planning and architectural design practices. It’s a revolution that begins with these 86 parkside loft style condos and townhomes located in the heart of the connected 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 $263,900 to penthouses starting at $369,900. Register today at aragon.ca/enigmalofts.

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IN THE NEWS

ICON HOMES DONATES $50,000 to local schools

PICTURED

PICTURED

Councillor Mark Grimes (far left), and Kevin Brown of Icon Homes (far right) presenting a $25,000 cheque to faculty at George R. Gauld Junior School

ICON HOMES HAS DONATED TWO

$25,000 cheques to two local Etobicoke schools. George R. Gauld will be putting the money toward outdoor play equipment for kindergarten students, while St. Leo will be putting their donation toward technology equipment as well as to sod and plant a paved area.

Local Councillor Mark Grimes and Kevin Brown of Icon Homes were on hand to present the cheques to school representatives.

Icon Homes is also contributing to the Etobicoke community if the form of a new townhome development, The Royal York. Coming soon to the flourishing lake-side neighbourhood of Mimico, this new master-planned community will boast contemporary residences built to high architectural standards and embellished with luxury features.

The rising popularity of stacked townhomes can be attributed to many factors. Along with expansive layouts, they also feature benefits like underground parking, community parks, amenities and maintenance-free shared services. Best of all, without the need for common hallways and lobbies, the cost per sq. ft. and maintenance fees are usually lower than a highrise.

106 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

Kevin Brown of Icon Homes (holding cheque) beside Councillor Mark Grimes present students and faculty at St. Leo Catholic Elementary School with a $25,000 donation

Located at Royal York Road between Lakeshore and Queensway, steps from the TTC and Mimico GO station and 10 minutes from downtown Toronto, this new community offers affordable living in one of the most coveted areas in the city.

An alluring aspect of The Royal York is its location. From the nature lover to the sports enthusiast to the savvy urbanite, the neighbourhood offers something for everyone. The area is home to a golf course, three yacht clubs and a tennis club. Facilities include a pond, picnic areas and waterfront trails with some of the city’s finest views of the lake and the downtown skyline. The Humber Bay Arch Bridge for pedestrians and bicycles connects the boardwalk along the water with the Martin Goodman Trail.

A variety of shopping and dining options are available along Bloor, Queensway and Lakeshore roads. Foodies will relish the culinary hot spots throughout Mimico including cafes, artisanal bakeries, international eateries, fine dining, pubs and other trendy restaurants. For shoppers, there’s everything from big malls like nearby Sherway Gardens to big box stores to specialized boutiques.

Whether it’s for work or leisure, getting to the big game or an evening at the theatre, you are approximately 10 minutes from the excitement of downtown Toronto. The Financial and Entertainment Districts are just minutes away via the Gardiner Expressway and Lakeshore Road. Nearby Mimico Go station and frequent TTC services on Royal York Road connect you to the Bloor-Danforth subway line. Islington TTC station also provides an express bus service to Pearson International Airport and a connection to Mississauga Transit.

“The Royal York is an ideal option for first-time homebuyers, or young families looking for affordable living within an area that has a small town feel along with plenty of urban amenities,” says Stephen Brown of Icon Homes.

The Royal York’s 104 units include one- , two- and three-bedroom designs from 526 to 1,590 sq. ft., starting from the low $200,000s.

The Royal York presentation gallery is located at 256 Royal York Rd. Call 416.901.0206 or visit theroyalyork.ca

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CONDO PROFILE

UPPER BEACH TOWNES PLACES

affordability, location and lifestyle within reach

j

ust when you think affordability and location are mutually exclusive qualities in a new home in the GTA, along comes a project that quashes that theory with a punch of panache and style. Upper Beach Townes places affordability and amenities in a lifestyle package that is fashion forward, easy to live in,

108 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

fully functional and ready to go. Designed as stacked townhomes, these homes are close to schools, shopping, transportation and within easy reach of Toronto hot spots like The Danforth and The Beaches.

And the best news – Upper Beach Townes is already registered and nearing completion so move in and closing is only weeks away. Take the opportunity to walk through the completely furnished model suites that have been custom-designed and decorated with an on-the-go lifestyle in mind. Experience fine

design and optimized space planning, all within the surrounds of a great community.

With a Transit Score of 96 and a Walkability Score of 83, accessibility and lifestyle are de rigueur. The GO station is 10 minutes away with an 11-minute ride into downtown. How’s that for a quick and easy commute that can’t be beat? The subway is a 15-minute walk. The Danforth and Shoppers’ World plaza are a 10-minute walk, and Main Street with its cafes and shops is two blocks away. Head south to Kew Gardens, the canoe club or the beach on foot or by bike – the choice is yours.

Priced from $427,990, with two-bedroom and two-bedroomplus-den homes, Upper Beach Townes have been designed, located and priced with its purchasers in mind. They offer a great starting point for a young family, comfort and convenience for singles or lowmaintenance for snowbirds.

Nearby schools have been rated in the top five per cent of schools in Ontario. Buyers have already

purchased suites as a step up from compact condo living without giving up city life. Those looking to downsize from a home without minimizing lifestyle are also turning to Upper Beach Townes.

Designed as stacked towns, more than half of the 32 suites have already been sold with some already occupied. Choose from main/lower or main/upper two-storey units. Each has a balcony and/or terrace, plus a gas outlet for a barbecue. The model suites showcase the design, style and finishes offered like galley kitchens with full-height storage, granite counters, six stainless steel appliances, plus custom millwork and Duverre hardware. Even the smallest plan of 902 sq. ft. offers a master bedroom with walk-in closet, upper laundry, plus a powder room on the main floor. The larger units (1,100 to 1,195 sq. ft.) include a den on the main floor or bedroom level and a terrace, with one plan offering an additional balcony.

Affordability need not compromise comfort, so interiors boast fabulous attributes that include nine-ft. ceilings on the living/dining level, Shaker-style doors, in-suite stacked laundry, stain-grade oak stairs, and in-suite controlled heating and central air. The exteriors combine heritage-style tumbled brick and cultured stone with each unit having its own exterior front door to come home to. For a limited time, purchasers will receive a free parking space and locker. Lighted walkways and full landscaping complete the Upper Beach Townes experience.

Upper Beach Townes is the sister community to the sold-out homes of Upper Beach Manors, just a block away. Both are projects of Solotex Corporation, a Toronto company priding itself on setting the bar higher and higher for urban living.

The models are available for viewing at the site location at 2320 Gerrard St. E., at Main Street, which is open from noon to 6 p.m. weekends; Mondays from 2 to 6 p.m.; other times by appointment. Contact the office by calling 416.693.7500, or email Richard@upperbeachtownes.com. Visit upperbeachtownes.com OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 109

VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE anytime, anywhere!

Now you can view all New Condo Guide magazines online using any smartphone, tablet or desktop device.

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Published by

110 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

• 1 & 2 BEDROOM CONDOS AT ISLINGTON & QUEENSWAY

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CONDOS PHASE 2

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IQCONDOS.COM 416.253.5838 FOLLOW US ON Exclusive Listing Brokerage: Baker Real Estate Incorporated. Brokers Protected. *Prices and specifications are subject to change without notice.

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

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 111

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

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Site

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Great Gulf Cresford Development Corp.

The Daniels Corporation Cityzen Tridel Corporation Rockport Group Urban Capital Monarch Corporation Urban Capital Monarch Corporation Tribute Communities Bazis Inc. The Daniels Corporation Empire Communities Menkes Developments Inc. Lash Group of Companies Triumph Developments Minto Communities Inc. Madison Homes Cresford Development Corp.

Cresford Development Corp.

Streetcar Development Great Gulf Minto Communities Inc. Fernbrook Homes/Cityzen Dev. Aragon Properties Great Gulf Pinnacle International Great Gulf Lanterra Developments Eden Shaw Camrost - Felcorp Camrost - Felcorp Camrost - Felcorp Aspen Ridge Homes Lifetime Developments Bazis Inc. Rio Can Metropia Dundee Kilmer Developments Malibu Investments Inc. Urban Capital Lamb Development Corp.

Goldman Group & Lash Dev. Corp.

Goldman Group & Lash Dev. Corp.

Concord Adex Concord Adex Concord Adex Concord Adex Concord Adex Gairloch Investments Centrestone Urban Developments Inc. Onni Group of Companies Onni Group of Companies Concord Adex The Daniels Corporation Cresford Development Corp.

Cresford Development Corp.

Cresford Development Corp.

Aspen Ridge Homes Empire Communities Menkes Developments Inc. Menkes Developments Inc. North Drive Investment Streetcar Development Canalfa Group Tridel Corporation Freed Urban Capital KIngstone Road Development Menkes Developments Inc. Tower Hill Development Corporation Easton’s Group Remington Group

Yonge+Richmond 416-499-8883 • from $350,000 27 Merton Yonge Condominiums 416-484-1900 • from $450,000 136 High Park Condominiums 416-351-1844 • from $300,000 31 Riverside in Pine Grove 416-746-1234 64-65 Sherwood at Huntington 416-485-1900 • from $1000,000 IFC The Nest 416-223-0003 • from $250,000 67 River City 2 416-862-0505 • • from $276,000 103 Riva del Lago 416-495-3544 • from $300,000 Insert RC3 416-862-0505 • • from $220,000 43 Picasso on Richmond 416-495-3549 • from $400,000 Insert The College 416-363-4800 • from $336,000 51 One Yorkville 416-519-2911 • from $475,000 5 One Park Place South Tower 416-955-0559 • from $250,000 15 Water Tower at Eau Du Soleil 416-503-3328 • from $350,000 6-7 The Eglinton Yonge at Heart menkes.com • from $250,000 Insert The Barrington Condominiums Flats 416-410-4444 • from $350,000 99 Howard Park 2 416-873-0989 • 79 Yorkville Park mintoyorkvillepark.com • • from $400,000 17 Zigg St.Clair West ziggcondo.ca • • from $320,000 76-77 VOX cresford.com • 135 CASA III 416-486-2272 • from $370,000 IBC Riverside Square 416-466-4466 • from $200,000 59 Monde 416-466-8885 • from $310,000 26 West Side mintowestside.com • • from $190,000 45 The Selby theselbycondos.com • 83 Enigma on the Park 416-516-1551 • from $264,000 105 One Bloor Residences 416-922-0081 • from $560,000 26 The Pinnacle on Adelaide 416-596-1600 • from $350,000 19 X2 416-927-0080 • from $500,000 27 Riverhouse at the Old Mill 416-766-7343 • from $500,000 11 Chaz Yorkville Condos 416-922-0045 • from $300,000 29 Blue Diamond at Imperial Plaza bluediamondcondos.ca • from $300,000 3 Yorkville Plaza 416-966-3003 • 1 Yorkville Plaza II 416-966-3003 • 1 Studio on Richmond 647-352-7736 • from $300,000 57 The Bond Condominiums 416-546-7525 • • 25 E Condos 416-243-8688 • from $360,000 23 E Condos 416-243-8688 • from $360,000 23 E Condos 416-243-8688 • from $360,000 23 Canary District Condominiums 416-603-7576 • from $250,000 73 Smart House 416-292-0219 • from $438,000 81 Smart House 416-292-0219 • from $438,000 81 The Harlowe 416-363-1771 • from $273,000 61 530 St. Clair Ave. West 416-868-0500 • from $344,000 the rushton rushtonliving.com • from $344,000 FWD at Concord CityPlace 416-813-0999 • • Quartz at Concord CityPlace 416-813-2999 • • Spectra at Concord CityPlace 416-813-0999 • • Grand Parade 2 at Concord CityPlace 416-813-0999 • Parade TWO Park Collection at Concord CityPlace 416-813-0999 • from $308,000 383 Sorauren 383sorauren.com from $265,000 383 Sorauren 416-588-0383 from $265,000 Garrison at the Yards 416-260-2600 • from $190,000 West Lake 416-260-2600 • from $240,000 Newton at Concord CityPlace 416-813-0999 • The Parkside Collection 416-351-1844 • from $700,000 NXT 2 416-977-5300 • • from $300,000 NXT2/Phase Two 416-977-5300 • • from $210,000 NXT at Windermere By the Lake 416-977-5300 • • from $350,000 VU 416-970-9500 • • from $370,000 The HUB 416-784-3482 • from $250,000 Pears on the Avenue 416-323-0100 • from $382,000 365 Church 416-591-7700 • from $238,000 The High Park 416-670-3699 • from $300,000 Trinity Lofts 416-690-2988 • from $330,000 Liberty Place 416-537-0047 • • from $170,000 101 Erskine 416-480-0700 • from $286,000 155 REDPATH 416-996-5428 • from $210,000 River City 416-862-0505 • • from $250,000 The Glen 416-694-3333 • from $255,000 Fabrik 416-591-7700 • from $250,000 2221 Yonge 647-350-2221 • from $320,000 King Blue Condominiums 416-599-1355 • from $200,000 King Blue Condominiums 416-599-1355 • from $200,000

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Telephone

TH* C*

Price Range

Page

Finder 16K 14e 8L 3F 18G 11H 18L 24c 18L 14M M14 15I 18k 25B 15E 12H 9L 14J 14J 15J 15L 19L 17M 13M 16J 9L 15I 15M 16J 5L 16J 15I 15I 15I 15M 15G 14E 14E 14E 18L 15L 15L 15M 12H 12H 13F 15M 15N 15M 15M 9M 9L 14n 14N 12F 8L 8N 8N 8N 16L 9F 14I 14I 8L 19l 12N 14D 14D 18L 23H 14M 14E 12N 12N

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Builder

Site

Easton’s Group Remington Group Tridel Corporation Greenpark Homes Tridel Corporation Bazis Inc. Empire Communities Pinnacle International Pinnacle International Tower Hill Development Corporation Worsley Urban Partners Madison Homes Lamb Development Corp.

Centre Court Development Menkes Developments Inc. Neudorfer Corporation Cresford Development Corp.

Easton’s Group Lifetime Developments Fernbrook Homes/Cityzen Dev. K-CAP Laird Inc. Tridel Corporation Pinnacle International Conservatory Group Pinnacle International Tridel Corporation Tridel Corporation Cresford Development Corp.

Lanterra Developments Times Developments Inc. MintoUrban Communities Inc. MintoUrban Communities Inc. Lanterra Developments Lindvest Canalfa Group Pemberton Group Lamb Development Corp.

E-Park Development Emsatec Canada Inc Neudorfer Corporation Madison Homes State Building Group Empire Communities Lamb Development Corp.

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

Harhay Developments Plaza Menkes Developments Inc. Lifetime Developments Aspen Ridge Homes Context Development Inc. Context Development Inc. The Brownstone Group of Companies The Brownstone Group of Companies Great Gulf Plaza Bazis Inc. Metropia Plaza Pemberton Group Pemberton Group The Daniels Corporation The Daniels Corporation The Daniels Corporation Lifetime Developments Lifetime Developments Concert Properties Triangle West Development Tridel Corporation Tridel Corporation Tribute Communities Tribute Communities Graywood Developments Mod Developments Inc. Canderel/Stoneridge Alterra Homes/Finer Space 45 Charles Ltd. BSaR Ltd Andrin Homes Graywood/Beaverhall Development 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 Cresford Development Corp.

Tri-Win Developments Inc MintoUrban Communities Inc. Burnac Corporation Lifetime Developments Centre Court Development Streetcar Development Menkes Developments Inc. Fieldgate Homes Freed Carttera Solotex Mod Developments Inc. Reserve Properties Castlepoint/Numa Dundee Kilmer Developments Torbel Group Pemberton Group Baywood Homes TAS DesignBuild Lamb Development Corp.

Lamb Development Corp.

Concord Adex

*TH: Townhomes, C: Condo

Telephone

TH* C*

Price Range

Page

Westinghouse Lofts 416-599-1355 • from $200,000 Westinghouse Lofts 416-599-1355 • from $200,000 Ten York 416-596-9888 • from $1020,000 Axiom Condominiums 647-352-4077 • from $225,000 Spadina Queen 416-661-1949 • from $350,000 No1 Yorkville 416-519-2911 • from $388,000 Eau Du Soleil Waterfront Condominiums 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 Churchill Park Condominiums 416-966-9080 • from $900,000 Totem Condominium 416-792-1877 • from $320,000 The Madison 416-482-8090 • from $420,000 Riverside Towns 416-368-5262 • from $460,000 Core Condos 416-598-2673 • from $220,000 87 Peter menkes.com • Fuse Condos 416-534-4444 from $220,000 Lofts 399 416-867-3999 • from $590,000 Dundas Square Gardens 416-645-8575 • from $200,000 The Code thecodecondos.com • from $320,000 Garrison Point garrisonpoint.ca • from $250,000 The Upper House Condos in Leaside 416-425-1800 from $350,000 Alter 416-645-4599 • from $250,000 Palatila Collection 416-925-3325 • from $725,000 Milan 416-928-7409 • from $520,000 The PJ pinnacleinternational.ca • from $300,000 Aqualina at Bayside 416-514-2710 • from $350,000 Aquavista at Bayside Toronto tridel.com • CASA 2 416-486-2272 • from $320,000 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 3018 Yonge In Lawrence Park 416-787-8882 • from $390,000 B Streets 416-532-6636 from $635,000 Liberty Central by the Lake 416-537-0047 • • The Uptown Residences 416-987-3500 • from $950,000 The Brant Park 416-368-5262 • from $262,000 Foundry Lofts 416-531-7760 from $399,000 The Brownstones 5 416-531-7760 • from $350,000 Brownstones 416-531-7760 • from $305,000 The Upper Canada Condominium 416-489-5194 • from $1800,000 The Upper Canada Condominiums 416-489-5194 • from $1.8,000 Schoolhouse 416-979-1333 • from $595,000 Flatiron Lofts 416-368-5262 from $243,000 300 Front Street West 416-217-0300 • from $324,000 Atmosphere 416-217-0300 • from $1200,000 One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 Pier 27 Waterlink 416-367-3456 • from $800,000 Gooderham Condos at The Distillery 416-361-1322 • from $390,000 The King East 416-368-5262 • from $435,000 East Condos & Lofts 416-368-5262 • from $310,000 King West 647-341-1731 • from $346,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 Market Wharf 416-861-8181 • from $260,000 Library District Condominiums 416-861-8181 • from $222,000 Brownstones in Davenport Village 416-531-7760 from $245,000 Brownstones on the Park 416-531-7760 • from $260,000 Charlie 416-927-9772 • from $960,000 Ivory On Adelaide 647-341-1731 • from $279,000 Exhibit 416-967-7778 • Exhibit 416-967-7778 • Exhibit 416-967-7778 • U Condominiums 416-546-6605 • from $750,000 The Urban Townhome Collection 416-546-6605 • from $1899,000 One Park West 416-955-0559 • from $406,000 One Park Place Condominiums 416-955-0559 • from $200,000 Festival Tower 416-203-2020 • from $350,000 X2 416-927-0080 • from $303,000 Bisha Hotel & Residences 416-637-2211 • from $274,000 88 Scott 416-216-8588 • Art Condos 416-535-7775 • from $530,000 Two Old Mill 416-645-7022 • from $356,000 Old Mill 416-645-7022 • from $450,000 RCM I on University 647-351-9247 • from $393,000 Queen & Portland 416-363-4800 • from $315,000 5 St. Joseph 416-928-0555 • • from $250,000 5 St. Joseph 416-928-0555 • • from $250,000 DNA 3 416-929-1030 • from $220,000 Post House Condominium 416-964-2777 • from $350,000 Chaz Yorkville Condos 416-922-0045 • from $300,000 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 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 $296,000 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 $200,000 Five Condos 416-928-0555 • • from $375,000 Five Condos 416-928-0555 • • from $375,000 Rise 416-546-7399 • • from $290,000 Model Suite of the Month • Neon 416-987-7878 • from $470,000 The Carlaw 416-690-8588 • from $200,000 Allure Condominiums 416-487-7600 • from $350,000 Cinema Tower Condominiums 416-203-2020 • from $450,000 1000 Bay 416-485-3000 • from $390,000 FAD Condos 416-815-1818 • from $250,000 30 Roe 416-915-3812 • from $350,000 South Hill on Madison southhillonmadison.com • from $200,000 INDX 416-987-4639 • INDX 416-987-4639 • The Carnaby 416-690-9009 • from $250,000 Noir 416-977-8780 • from $250,000 90 Niagara 416-981-0036 from $318,000 SIXTY Colborne 416-601-0060 • from $300,000 SIXTY Colborne 416-598-7775 • from $300,000 Upper Beach Townes 416-693-7500 • from $420,000 The Massey Tower 416-966-0197 • • from $320,000 109OZ 416-531-4844 • from $300,000 The Sterling 416-777-2533 • • from $230,000 Canary Park Condominiums 416-603-7576 • from $250,000 Wallace Walk 416-531-1818 • from $210,000 TEN93 Queen West 416-546-6355 • from $280,000 TEN93 Queen West 905-326-4100 • from $280,000 Duke Condos junctionlife.ca King Charlotte 416-368-5262 • from $416,000 Theatre Park 416-368-5262 • from $537,000 FWD at Concord CityPlace 416-813-0999 • •

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Finder 12N 12N 12F 17L 15D 15I 25B 17m 17m 13H 15H 14E 19L 16L 15M 9k 14L 17k 13H 13N 18D 16J 16M 15I 15L 18N 18N 15L 15J 17I 14M 14M 14B 13J 12N 16J 14M 9I 9I 9I 14G 14G 13i 20J 15M 15M 13M 13M 17N 18L 18L 18L 13N 15I 15I 14J 17M 17M 9j 9J 14M 17L 14i 14i 14i 15K 15K 18J 18J M14 16J 16m 17M 12N 5L 5L 14M 15I 16J 16J 12N 16L 16J 15L 14D 15M 15I 17M 17M 17M 15L 15L 15L 23J 15G 17L 4H 14L M12 14I 15M 15J 15J 12H 12H 14D 19K 14F 14M 15J 14M 14D 13I 16M 16M 12M 15M 14O 16L 16L 24G 16L 12M 9L 18L 9L 12F 12F 8K 15M 16M 15M

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

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

torontoregionalmaps: Toronto, East York, York

# 21 21 22 24 25 26 28 29 29 30 31 32 33 34 35 36 37 38 39 40 43 44 45 46 47 51 51 52 53 54 55 55 57 59 60 62 64 66 66 66 70 70 78 81 83 84 85 85 88 94 101 101 102 103 103 104 106 106 109 109 110 114 117 117 117 118 118 120 120 122 126 128 129 130 131 131 133 134 135 135 136 137 140 141 142 148 149 151 151 151 153 153 153 154 155 157 162 165 170 173 175 179 179 184 184 185 186 188 189 190 191 192 193 195 195 197 198 199 200 200 201 206 207 210 215 217 217 217 219 220 221 223

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torontoregionalmaps: North York

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

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Builder

6 9 49 96 121 1 2 3 3 4 4 5 6 6 6 6 7 8 10 10 10 14 21 25 25 28 33 37 40 50 50 95 96 96 96 99 101 122 122 122 123 124 125 128 128 130 132

Concord Adex Sorbara Group Greenland Group ELAD Canada Liberty Development Corp.

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

*TH: Townhomes, C: Condo

Site

Telephone

TH* C*

Price Range

Page

Omega on the park 416-813-2999 • • 38-39 Beacon beaconcondos.ca • from $270,000 55 King Blue 416-599-1355 • from $250,000 63 The Colours of Emerald City coloursofemeraldcity.com • from $250,000 87 World on Yonge 905-771-7010 • from $284,000 35 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 SOUL mysoulcondos.ca from $250,000 Pearl 2 Condominiums 416-512-1818 • Emerald Park 416-221-8802 • from $188,000 Emerald Park 416-221-8802 • from $188,000 Emerald Park 416-221-8802 • from $188,000 Diva Condo DivaCondo.com from $225,000 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 Gibson Square 416-730-9722 • from $385,000 88 416-915-3805 • from $325,000 Flo Condominiums 647-799-0356 • from $250,000 Scenic on Eglinton 416-805-1781 • Emerald City Condominiums 416-492-0001 • from $256,000 Dreamtower At Emerald City 416-492-0001 • from $248,000 Biyu Emerald City biyucondos.com • from $250,000 Willow Park at Bayview 416-221-6767 • from $400,000 Posh Condominiums 905-771-0134 • from $544,000 Treviso Condominiums 416-787-8882 • from $250,000 Treviso II 416-787-8882 • from $250,000 Treviso III 416-787-8882 • from $250,000 The Station 416-398-9777 • from $420,000 Trio at Atria 416-645-8866 from $255,000 LIV Lofts 416-445-5638 • from $250,000 NY Place 416-221-3939 • from $250,000 NY2 416-221-3939 from $250,000 Canterbury 647-352-2130 • • from $700,000 Flaire Condos 416-445-8868 • from $320,000

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

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

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Rathburn Rd

19 ll R Mi

44 Bloor St W

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Kipling Ave

2A

Dundas St W

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

3

Queensway

46

70

11 56 4 39 37 6 33 17 18 19

Gardiner Expressway Evans Ave

Horner Ave

h

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Park Lawn

QEW

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50 8 5 51

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Royal York Rd

Scarborough

9

*TH: Townhomes, C: Condo

25

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Builder Great Gulf Tridel Corporation Concert Properties Monarch Corporation ICON Homes Queenscorp Residences Liberty Development Corp.

Monarch Corporation Remington Group Pemberton Group Lash Group of Companies Insoho Developments Esquire Homes Windcatcher Development Corporation Henderson Development Limited Stanton Renaissance Stanton Renaissance Devron Developments Lemine Investment Group Monarch Corporation Monarch Corporation Conservatory Group Menkes Developments Inc. Wilkinson Developments Lash Group of Companies Carttera Camrost - Felcorp Camrost - Felcorp National Homes Averton Homes Infinity Developments Times Group Corp.

Monarch Corporation Empire Communities Tridel Corporation Amexon Development Corporation Tridel Corporation Alterra Homes/Finer Space Tridel Corporation Phantom Developments Your Home Developments VHL Developments Ltd. VHL Developments Ltd. Royale Grand Woodbine Developments MintoUrban Communities Inc. First Avenue Properties

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Bellamy Rd

St. Clair Ave

Scarborough Golf Rd

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Lawrence Ave E

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East Ave Port Union Rd

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Victoria Park

g

Progress Ave

Brim

Eglinton Ave E

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29

17

427 Morrish Rd

2

Brimley Rd

Warden Ave

Pharmacy Rd

e

61

Birchmount Rd

d

Kennedy Rd

Ellesmere Rd

16

Humberline Dr

55 Midland Ave

401

401

15

Beare Rd

13

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Sheppard Ave E Conlins Rd

Milner Ave

13

Meadowvale Rd

1

Sheppard Ave E

Ave

Morningside Ave

evin

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Huntingwood Dr

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Finch Ave E

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Neilson Rd

McNicoll Ave

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Tapscott Rd

McCowan Rd

A

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Lakeshore Blvd W

Site Telephone TH* C* Price Range Page Finder One Sherway Condominiums 416-695-3535 • from $280,000 26 16G Islington Terrace 416-645-8862 • from $250,000 BC 23F The KIP District thekipdistrict.com • from $249,000 89 22G Lago 416-495-3544 • from $200,000 Insert 24c Royal York Urban Towns 416-901-0206 • from $220,000 22 23H Watermark 416-354-2221 • from $350,000 95 19D Terrace on Danforth 416-987-7575 • from $253,000 35 2F Waterscapes 416-495-3544 • from $400,000 Insert 26H Park Towers at IQ 416-253-5838 • from $170,000 111 22G Vivid Condos 416-239-8200 • from $250,000 8 23F Me Condos 416-430-0003 • from $250,000 107 8D Imagine Condos 416-367-7303 from $235,000 4F Three Seven Condos & Lofts esquirehomes.ca • from $210,000 11D Atwater Condos 905-271-5038 • from $280,000 12B Centro 416-296-1898 • from $185,000 6D On The Go Mimico 647-692-8417 • from $250,000 23C On The Go 647-692-8417 • from $250,000 23C The Academy academycondos.com • from $220,000 10D The Academy academycondos.com • from $220,000 10D Nautilus at Waterview 416-203-6636 • from $400,000 25H The Epicurean 416-495-3530 • from $250,000 23F Altitude 416-321-1659 • from $230,000 25H One Sherway Condominiums 416-695-3535 • 16G Hunt Club Terrace 416-698-3020 • 2H Cloud 9 Condominiums 416-747-0199 • from $230,000 22B Cloud 9 Condominiums 416-800-0812 • from $230,000 22B ilofts at Mystic Pointe 416-251-8888 • from $310,000 25G California Condos 416-251-8888 • from $242,000 25g Richview 416-746-1234 • from $570,000 22E Jasmine Condominiums 416-702-1234 • from $250,000 2C Residences at The Hunt Club 416-699-1711 • from $300,000 2H Key West Condominium keywesttorontocondo.com from $320,000 24H Encore 416-495-3544 • 5D Beyond The Sea Star Tower Condominiums 416-979-1333 • • from $400,000 24H Parc Nuvo at Essex 416-231-0999 • from $456,000 22g South Beach 416-252-3000 from $209,000 25H West Village 416-620-1887 • from $290,000 21F Westwood Condominiums 416-239-9888 • from $250,000 23F Avani At Metrogate 416-293-5535 • from $240,000 4C Jade Condominiums 416-762-8818 • from $293,000 24G Nature’s Path 416-745-6686 • • from $270,000 11E 2150 Condos 416-750-2150 • 3E Haven On The Bluffs 416-2611-9555 • from $160,000 3E Lexington 416-638-8444 • from $240,000 21C South Shore 416-913-2136 • from $350,000 22H Qube Condos 647-351-7823 • from $200,000 24G

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

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

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

torontoregionalmaps: Scarborough, Etobicoke

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

waterfrontmaps: Toronto

#

116

Builder

Site

Telephone

TH* C*

Price Range

Page

Finder

18 URBAN CAPITAL

River City 2

416-862-0505

• from $276,000

103

16F

58 GREAT GULF

Monde

416-466-8885

• • from $304,000

26

17E

1

Pemberton Group

Park Lake Residences

416-769-4343

• • from $250,000

3F

2

Concord Adex

FWD at Concord CityPlace

416-813-0999

• •

13F

3

Concord Adex

Quartz at Concord CityPlace

416-813-0999

• •

12F

3

Concord adex

ParadeTWO Park Collection at Concord CityPlace 416-813-0999

• from $308,000

15M

4

Monarch Corporation

Nautilus at Waterview -

416-203-6636

• from $400,000

25H

4

tridel corporation

Aqualina at Bayside Toronto

416-514-2710

•

16E

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 FELDCORP

California Condominiums

sunsetcondos.ca

• from $242,000

25G

29 PINNACLE INTERNATIONAL

33 Bay Residence at Pinnacle Centre

416-925-3325

• • from $375,000

15F

60 CANALFA GROUP

Liberty Central by the Lake

416-537-0047

11F

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

•

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

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

Phillip Mur

Lindsay

Uxbridge TH* C*

Price Range

Lake

og

Scug

Manvers

Page

Finder

Scugog

• from $390,000

Insert

13B

Newcastle

Rd

e or

ly Bay

E

W Rd e La

Riva Del Lago

416-495-3544

• from $350,000

Whitby

Oshawa

Insert

24c

401

Watermark

416-354-2221

• from $307,000

95

19D

28 empire communities

Eau Du Soleil - Waterfront Condominiums

416-503-3328

• from $320,000

6-7

25B

1

windcatcher development corp.

Atwater Condos

905-271-5038

• from $280,000

12C

2

Stanton Renaissance

On The Go

647-692-8417

• from $250,000

23C

8

chestnut hill development

San Francisco By The Bay

905-831-3631

• • from $180,000

23J

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

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

waterfrontmaps: GTA

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Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Bloor St Park Rd S

Whitby 7 Waterfront

Stevenson Rd

8

Thornton Rd

Wentworth St

Si

401

Gibb St

Park Rd S

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416-495-3544 48

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48

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Garden St Blair St

Cannington

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25 queenscorp residences

*TH: Townhomes, C: Condo

To Os

Thornton Rd

25

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Lakeshore Blvd E

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Church St E

18

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m

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Coronation R

Lakeridge Rd

ha

26

Baldwin St N

Halls Rd N

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11

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rn

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Park Lawn Cedarbrook T

Royal York Rd

Cochrane

Country Lane

Lake Ridge R

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Salem Rd

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Ashburn Rd

25

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Horner Ave Rossland/Winchester

Alliston,

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93

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Ravenscroft

0

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69

Church St S

Squires Beach Rd

Hwy 5

10

23

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

Delaney Dr

400

Beeton, Site

89

11 MonarchShelburne Corp.

Essa

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Barrie

21 22

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Sandy Beach

Liverpool Rd

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117

I BUILD CONFIDENCE. “As a proud member of BILD, we network with peers and share a unified commitment to continuously raising industry standards, inspiring innovation and elevating the business of building.

The association offers us resources that help us stay current on the broader issues affecting our industry. This unwavering support is what helps us continue to be a leader in the dynamic Toronto real estate market.�

Alan Vihant Senior Vice President for High Rise

Great Gulf Homes Builder / Developer Member Since 1975

I AM

Get Involved: bildgta.ca

GTA Edition Oct 25 - Nov 8, 2014

Your complete source for condos, lofts and townhomes in the 905 region

IN THIS SECTION Maps and listings for new condo communities in the 905 region Builder news and the latest in condos in the 905

CONDO WATCH

new releases & grand openings

905

Pinnacle Grand Park 2

by Pinnacle International

Brand new suites now on sale at Pinnacle Grand Park 2, rising on Mississauga’s skyline.

Web: PinnacleInternational.ca

Legacy Park

by Liberty Development

Builders: If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@wall2wallmedia.com

Grand opening continues at Thornhill City Centre’s grand finale. Iconic architecture, urban suite designs and fabulous park views.

Web: LegacyParkCondos.com

Daniels Erin Mills

by The Daniels Corp.

previews & registrations Riverside in Pine Grove

by Rosebury Homes

Register now for your chance to live in this limited collection of urban towns, coming soon to Olde Woodbridge.

Web: LiveAtRiverside.ca

The Sorrento

by Armour Heights Developments

Grand Cornell Brownstones

by Lindvest

Now open in Markham! A new collection of stacked condominium townhomes is coming soon to the established Grand Cornell community at Ninth Line and Hwy. 7.

Web: Lindvest.com

Pace on Main

by Geranium Homes

Register now for Euro-style living in Richmond Hill.

Web: TheSorrento.ca

It’s a Main Street grand opening! Luxury suites coming soon to Stouffville’s boutique condominium address.

Web: GeraniumHomes.com

The Craftsman

by Vandyk

Varley

by Tribute Communities

LINK2 Condos + Lofts

by Adi Development Group

Centro Square Condos

by Liberty Development

The Berkeley

by Carriage Gate Homes

Green Life Condominiums

by Del Ridge Homes

Register to stay up to date on these artisaninspired condo residences at the gateway to Mississauga’s Clarkson Village.

Web: CraftsmanCondo.com

Register now to book your appointment, and keep up on the latest in this Burlington community.

Web: AdiDevelopments.com

Hotel-inspired living is coming soon to downtown Burlington. Register today.

Web: TheBerkeleyCondo.com

120 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

Now on sale and under construction at Erin Mills and Eglinton – a new masterplanned community where you can live, work, play, grow, shop, dine and more!

Web: DanielsErinMills.com

Now open, boutique condominium residences steps from the shops, restaurants and galleries of Unionville’s Main Street.

Web: MyTribute.ca

Grand opening and new sales office at Phase 2 of this master-planned community in the heart of Woodbridge.

Web: CentroSquare.ca

Now open – an ecologically revolutionary building in midtown Markham.

Web: GreenLifeMidtown.com

LIVE LIFE

VISIT US TODAY!

Live Free FOR A YEAR PROGRAM COMMISSION

INCLUDES:

$10,000 CASH BACK

ON CLOSING & MAINTENANCE FREE FOR 1 YEAR

FREE PARKING ($25,000 VALUE) FREE LOCKER ($2,500 VALUE) ACCESS TO THE GRAND SPA EASY DEPOSIT STRUCTURE

THE KEY TO YOUR PALACE AWAITS Stately and graceful, the Grand Palace is built for your optimal comfort and pleasure.

With a streamlined contemporary design, the complex features three elegant towers linked by a piazza and, at their core, a Grand Spa. Two towers are now on sale. Visit us this weekend and experience the key to happiness – Luxury Living at affordable prices.

To learn more about Richmond Hill’s Grand Palace, visit www.grandpalace.ca or call 905.907.4370 VISIT US @ 9612 Yonge Street, Richmond Hill

16TH AVE.

BAYVIEW AVE.

WELDRICK RD.

YONGE ST.

MAJOR MACKENZIE DR.

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

IN THE NEWS

THE CRAFTSMAN CONDOMINIUM RESIDENCES bring the art of living to Mississauga’s Clarkson Village

GREAT ARCHITECTURE CAN BE A timeless dialogue between decades. One of the most anticipated new condominium projects in Mississauga, The Craftsman Condominium Residences by Vandyk, will bring the artistry of acclaimed architect Frank Lloyd Wright to the natural environment of mature Clarkson Village.

“The driving force behind the architecture was to promote the lifestyle of this area,” says Domenic Zita, executive vice-president of Vandyk – one of the most recognized and respected developers in Ontario. “To that end, we brought the nature of its surrounding natural environment inside the core of the development.”

The Craftsman will combine the main elements of nature – water, air and fire – in response to its natural habitat.

With 300 units in three connected four-storey wings in the shape of a ‘W’, the midrise project is named for the Arts and Crafts architectural style of the early 20th century, which was a major influence in the master works of Frank Lloyd Wright. The Craftsman’s style will be a mixture of stone, brick and glass that will result in clean, streamlined and straight angles to create vertical and horizontal exterior patterns.

Vandyk also continued the ‘Wright’ theme in the interior of the building, with the contemporary lobby, corridors and suite finishes. The use of warm woods and colours create natural elements and help bring the outside, inside.

The Craftsman will feature a grand three-storey lobby with floor-to-ceiling windows, expansive landscaping, courtyards, walkways, rooftop terrace with a fire pit, and a waterfall feature. The boutique feeling of the condominium creates a very distinct community feel within the development.

“We designed ground-floor suites with patios facing large courtyards,” says Zita. “These will be beautifully landscaped so they act as private gardens, yet at the same time are open enough to promote engagement and interaction amongst neighbours. Large and expansive balconies are featured off suites on higher floors, which become extensions of residents’ private space.

“Lifestyle is everything at this project,” says Zita. “We conducted several focus groups where the community was given the opportunity to express what was important. We worked with the councillors and attended public meetings to ensure the development will have a smooth transition into the neighbourhood.”

How people will live in their suites played a major role in suite layout and design. Emphasis was given to logical furniture placement, the flow of personal space, positioning of doors, and orientation of light fixtures and electrical outlets. While these may seem basic, it’s the experience of forethought and planning that makes each residence work for everyday living.

Understanding the lifestyles of residents also played a role in the balance of amenities offered, like exercise areas, outdoor amenities, barbecue areas, rooftop terraces with great views, and gathering spots throughout the buildings to 122 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

promote an engaging way of life.

The Craftsman represents the best of both worlds – the timeless architecture of luxury living set in a beautiful natural environment, and a place where residents will perfect the art of living. Prices will begin from the $300’s.

Visit the preview sales centre, located at 1034 Clarkson Rd. N., Mississauga.

Hours are Monday to Friday from noon to 7 p.m.; Saturday and Sunday from noon to 5 p.m. For more information, visit the website at craftsmancondo.com.

STOUFFVILLE

You’ll Just Adore Our Views!

Penthouse

Irresistible Design. Impeccable Style. Award Winning Quality & Value

Actual View Looking West Along Main Street, Stouffville

BALCONY 12'0" x 5'4" LIVING/DINING 20'7" x 20'4"

UP

UP

SLIDING DOOR

SLIDING DOOR

SLIDING DOOR

UP

MASTER BEDROOM 15'2" x 11'6" WIC

LAUNDRY

SECOND BATH

SECOND BEDROOM 10'5" x 9'11"

BALCONY 11'4" x 30'1"

ENSUITE BATH

F

Penthouse 501 1,517 sq. ft.

KITCHEN 17'7" x 9'2" S

SLIDING DOOR

UP

DW

Spectacular offering of 1, 2 & 2 bedroom + den suites with balconies • Sun-filled open concept floorplans • Gourmet-inspired kitchens with granite countertops • Luxuriously appointed ensuite baths • Soaring 9’ ceilings • Hotel inspired grand lobby • Residents’ party room and lounge with outdoor terrace and barbecue area • Underground parking space with each suite.

327,900

Other Suites Available From $314,900

LLOYD ST

MAIN ST 9TH LINE

$

from

1,517 Sq. Ft.

BLAKE ST

up to

SITE

SALES CENTRE OBRIEN AVE

Penthouse Collection

FREEL LN

With just 4 floors of suites, including a penthouse level featuring 13 spectacular designs, these iconic residences are overflowing with sophisticated features, finishes and unmatched attention to detail.

DOOR

Today, we’re proud to offer an opportunity to enjoy award winning Geranium quality, value and design at Pace on Main — our fabulous new 5-storey boutique condominium located right in the heart of downtown.

UP

Geranium Homes has long been a familiar name within Whitchurch-Stouff ville. In fact, our flagship Cardinal Point community is now home to over 900 local families and counting.

SLIDING

Geranium Knows Stouffville Best!

BURKHOLDER ST

Mon to Wed: 1 – 6pm / Sat & Sun: 11am – 5pm Thurs & Fri: Closed or by appointment

905-591-1071 geraniumhomes.com

Follow us:

Prices are correct at press time and are subject to change without notice. Features and nishes are as per plan. Sq.ft. measurements are approximate. E. & O. E.

HOMEBUYERS’ HELP

CONDO HUNTER’S CHECKLIST

When shopping for your dream condo, carry this list with you and take notes to help you remember what you saw, and where!

CONDO #1

CONDO #2

CONDO #3

CONDO #4

Project & address:

Project & address:

Project & address:

Project & address:

Salesperson:

Salesperson:

Salesperson:

Salesperson:

Phone:

Phone:

Phone:

Phone:

Developer/builder:

Developer/builder:

Developer/builder:

Developer/builder:

Type:

Type:

Type:

Type:

midrise highrise

townhome conversion

midrise highrise

townhome conversion

midrise highrise

townhome conversion

midrise highrise

townhome conversion

Sq. ft.:

Sq. ft.:

Sq. ft.:

Sq. ft.:

# of bedrooms:

# of bedrooms:

# of bedrooms:

# of bedrooms:

# of bathrooms:

# of bathrooms:

# of bathrooms:

# of bathrooms:

Interior appliances:

Interior appliances:

Interior appliances:

Interior appliances:

Options:

Options:

Options:

Options:

Parking facilities:

Parking facilities:

Parking facilities:

Parking facilities:

Special incentives:

Special incentives:

Special incentives:

Special incentives:

Price:

Price:

Price:

Price:

Down payment:

Down payment:

Down payment:

Down payment:

Condo fees:

Condo fees:

Condo fees:

Condo fees:

Financing available:

Financing available:

Financing available:

Financing available:

Other comments:

Other comments:

Other comments:

Other comments:

124 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

SO MAGNIFICO. SO SORRENTO.

EUROSTYLE CONDOMINIUMS FROM THE MID $300’S TO OVER $600,000.

So refined. Inspired by the grand estates of the celebrated Sorrento Peninsula and Isle of Capri, The Sorrento offers a lifestyle of old-world elegance and serenity surrounded by nature. So welcoming. Soaring ceilings, light flooding through oversized windows, al fresco terraces and breathtaking finishes distinguish this magnificent condominium in Richmond Hill’s esteemed Oak Ridges neighbourhood. So right for you.

Presentation Centre: 11300 Yonge St. Presentation Centre Hours: Monday-Thursday: 1PM-7PM Saturday, Sunday & Holidays: 12PM-5PM | Friday by appointment only

KING RD BOND CRES

19TH AVE

HWY 404

Rendering is artist’s concept.

Prices & info subject to change without notice. E.&O.E.

GAMBLE RD

STOUFFVILLE RD YONGE ST

Like us on Facebook to Learn More

BATHURST RD

thesorrentorichmondhill

SITE HWY 400

REGISTER AT THESORRENTO.CA 289-637-1777

DEVONSLEIGH BLVD

PRESENTATION CENTRE 11300 YONGE STREET

ELGIN MILLS RD OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 125

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* Due to scale restrictions, locators are approximate.

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7

Great Gulf

Site

Telephone

TH* C*

Price Range

Page

Finder

HOT

905-828-4257

•

from $330,000

27

16M

10 AMACON

The Residences at Parkside Village

905-273-9333

•

85

21K

17 Pemberton Group

Downtown Erin Mills Condominiums

905-630-6300

•

from $300,000

9

6C

47 The Daniels Corporation

Daniels Erin Mills

905-306-6996

•

from $220,000

Insert & 49

17M

from $300,000

21N

1

Vandyk Communities

The Craftsman

3

Castleridge Homes

The Clairington

905-793-0002

•

from $230,000

16E

3

Pinnacle International

The Marquee Townhomes on the Park

905-568-9000

•

from $720,000

20K

4

Conservatory Group

Mirage

905-232-2400

•

from $270,000

20K

5

AMACON

PSV2

905-273-9333

18M

8

Fernbrook Homes

Absolute World

416-869-6057

•

from $188,000

21k

8

Cityzen

Absolute World

416-869-6057

from $188,000

21K

12 Alterra Homes

Renaissance in Olde Brampton

416-710-1010

•

from $490,000

13d

14 Pemberton Group

Rosedale Village Golf & Country Club

905-799-5000

•

from $346,000

12e

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

17M

18 Retirement Lifestyle Communities

Palisades on the Glen

905-820-8210

from $290,000

17M

20 Carriage Gate Homes

The Berkley Downtown Burlington theberkeleycondo.com

•

5M

21 Casino Bay Dev. Corp./Toddglen

Panoramic Point at Brewery Bay

1-866-611-5525

•

from $264,000

7Q

27 Inzola Group

Park Place

905-451-7001

•

from $310,000

14G

30 Pinnacle International

Pinnacle Grand Park 2

905-276-3981

•

from $250,000

20L

32 Armour Heights Developments

River’s Edge

905-533-2400

•

from $285,000

14A

34 Pinnacle International

Pinnacle Uptown, Crystal 2

905-568-9000

•

from $255,000

19K

35 Ashley Oaks Group

Emporium at Joshua Creek

905-618-0660

•

from $200,000

17P

38 Tridel Corporation

Metrogate - Ventus 2

416-293-5535

•

•

from $302,000

19J

38 Tridel Corporation

Ventus at Metrogate

416-293-5535

•

•

from $344,000

19J

45 Empire Communities

Rain Condominiums

905-845-7246

•

from $200,000

17Q

46 Mattamy Homes

The Mount Pleasant Village

mattamyhomes.com

•

from $200,000

20M

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

craftsmancondos.com

•

•

•

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

#

127

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2

3

4

5

6

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10

11

12

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

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East

Hwy. 27

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44

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#

Builder

1

Monarch Corporation

Garden Court

416-495-3595

•

Price Range from $400,000

Page Insert

Finder

6

Armour Heights Developments

The Sorrento

289-637-1777

•

from $350,000

125

13B

13 Liberty Development Corp.

Legacy Park

905-731-8302

•

37

10g

32 Liberty Development Corp.

Royal Gardens

905-889-9997

•

from $303,000

35

14f

43 Guizzetti Developments

Grand Palace

905-907-4370

•

121

12E

44 Liberty Development Corp.

•

16D

Centro Square Condos 2

905-851-8877

36

4G

2

Flato Development

Arthouse Condos

905-554-8722

from $200,000

22E

3

Tribute Communities

Varley

905-604-1477

•

from $420,000

18F

4

Tridel Corporation

Renaissance of Richmond Hill

416-736-9500

•

from $740,000

12G

5

Lindvest

Grand Cornell Brownstones in Markham

905-294-6161

from $340,000

23F

7

MintoUrban Communities Inc.

WaterGarden

416-915-3800

•

from $300,000

11G

8

Del Ridge Homes

Greenlife Condominiums

1-877-479-5448

•

from $279,000

18G

from $250,000

13F

10 Great Lands Corp.

The Beverly Hills Resort Residences

11 Triaxis Development Inc/Marino Developments

Courtyards of Maple

416-798-7070

•

from $390,000

8E

12 Greenpark Homes

UV2

905-554-6501

•

from $253,000

22F

14 Remington Group

The Signature Condominium

905-948-9900

•

from $300,000

18F

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

3G

22 Wycliffe Homes

Fairground Lofts

905-605-5900

•

from $340,000

3G

24 Liberty Development Corp.

The Fountains

905-731-8302

•

from $272,000

10F

26 Rice Development

Ambria

905-796-3630

•

from $340,000

3F

28 Chestnut Hill Homes

San Francisco by the Bay

905-831-3631

•

from $200,000

22C

31 Pemberton Group

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

14F

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

22F

40 Nova Trimax

Allegra

905-850-6866

•

from $250,000

1F

41 Quadcam Development Group Inc

Vista Parc Condominiums

905-850-8883

•

from $260,000

3F

45 Kylemore Communities

The 6th Angus Glen

905-887-9950

•

19E

46 Empire Communities

The Mark

905-554-5015

•

21E

*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 $359,000

•

from $250,000

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

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

HOMEBUYERS’ HELP

condo buyers’

resource section

YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD! Compare mortgage rates for your best deal Calculate your mortgage payments using the mortgage payment calculation chart

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 129

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

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).

130 NEW CONDO GUIDE OCT 25 - NOV 8, 2014

03 Choose your desired amortization period across the top of the table (25 years has lowest payment and is easiest to qualify for first-time homebuyers).

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

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

%

Amortization Periods

INTEREST RATES

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 OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 131

ONTARIO’S MOST-READ NEW HOMES GROUP PANTONE

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From townhomes to single family homes, Great Gulf’s award-winning Niagara communities are priced up to $300,000 less than the GTA!

Eastern Ontario Edition

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RBJ_Williamsburg_Walk_Logo.ai

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OHBA NAMES AWARDS OF DISTINCTION WINNERS

CREATING THE ILLUSION OF SPACE WITH COLOUR

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VE

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MAX

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TR D

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DRI

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Getting inspired

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An exclusive collection of the GTA’s most beautiful new homes

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HOMEBUYERS’ HELP

Compare mortgage rates for your best deal CHARTERED BANKS

Variable

6 Months

1 Year

2 years

3 years

4 years

ATB Financial 2.7 4 2.94 2.89 2.99 3.04

6.30op 6.30op 6.50op Alterna Svgs/Alterna Bk 2.6 4 2.98 2.98 2.98 2.94

6.30op 6.30op Bank of Montreal 3 4 3.14 3.04 3.85 4.39

6.30op 6.30op Bank of Nova Scotia 2.6 4.55 3.29 2.79 3.44 3.94

6.45op 6.50op Canadian Western Bank 4 3.14 3.04 3.75 4.39

6.45op 6.30op CFF Bank 3.69 3.75 2.59 3.79 CIBC 3 2.99 2.79 3.65 3.14

6.70op 6.35op ICICI Bank Canada 3.05 3.15 3.65 3.64 3.69 Manulife Bank 2.7 4.45 3 3.04 3.04 3.09

3.50op National Bank n/a 4.4 3.14 3.04 3.75 2.95

6.70op 6.70op President’s Choice Financial 2.75 2.94 2.84 2.89 Royal Bank 3 3.14 3.14 3.95 3.14

6.30op 6.30op TD Canada Trust 3 3.09 3.04 3.44 3.14

6.30op Tangerine 3 3.19 3.24 3.49 3.69

5 years 3.19 3.19 3.29 3.19 4.99 3.04 3.24 3.89 3.09 3.39 4.44 3.24 3.24 3.79

TRUST COMPANIES Community Trust

n/a

6.5

3.14

3.25

3.95

4.74

4.99

Concentra Financial

n/a

5

2.99

3.04

3.44

3.94

4.79

6.70op

6.30op

Effort Trust

4.45

3.45

6.30op

6.30op

Home Trust Company

2.5

3.95

2.89

2.89

2.79

2.94

2.95

Investors Group Trust

n/a

4.2

3.14

3.14

3.75

4.64

4.99

6.50op

6.30op

4.55

3.29

6.45op

6.50op

n/a

MTCC

2.6

3.6

3.7

4.6

4.95

2.79

3.44

3.94

3.19

3.1

3.33

3.65

3.99

OTHER FINANCIAL INSTITUTIONS Airline Financial C.U.

4

Comtech Credit Union

6.25op

6.2

2.99

6.40op

6.30op

First National Fin. LP

3.95

FirstOntario C.U.

2.95

3.01

2.6

6.34op

3.25

3.29

2.99

2.99

2.99

2.59

2.69

2.89

3.09

3.09

3.14

3.29

2.84

3.19

6.34op

IC Savings

3.05

2.99

2.99

3.39

3.39

London Life

4.2

3.14

3.14

3.75

4.64

4.99

6.50op

6.30op

n/a

Luminus Financial

2.7

2.95

2.75

2.55

2.85

3.2

6.30op

MCAP

2.5

3.6

3.95

4.35

4.89

5.14

Meridian Credit Union

2.75

3.09

2.65

3.65

3.29

3.19

4

Parama Credit Union

2.85

6.30op 2.85

3.05

3.15

3.25

3.00op

Steinbach Credit Union

2.65

2.5

2.8

2.9

2.95

3.4 3.1

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

OCT 25 - NOV 8, 2014 NEW CONDO GUIDE 133

index of advertisers AMACON - The Residences at Parkside Village

85

Liberty Development Corp. - Royal Gardens

35

Amexon Development Corporation - The Residence of 488 University Avenue

53

Liberty Development Corp. - Terrace on Danforth

35

Aragon Properties - Enigma on the Park

105

Liberty Development Corp. - World on Yonge

35

Armour Heights Developments - The Sorrento

125

Lifetime Developments - The Bond Condominiums

25 58

Aspen Ridge Homes - Studio on Richmond

57

Luxury Living Magazine - Promo

Bazis Inc. - E Condos

23

Madison Homes - Zigg St.Clair West

Bazis Inc. - One Yorkville BILD - Promo

Malibu Investments Inc. - Smart House

81

118

Menkes Developments Inc. - Corporate

Insert

Menkes Developments Inc. - The Eglinton Yonge at Heart

Insert

Camrost - Felcorp - Blue Diamond at Imperial Plaza

3

Camrost - Felcorp - Yorkville Plaza II

1

Canpages - Promo

74

Chinese Home & Condo Guide - Promo

28

Cityzen - Riverside in Pine Grove Concert Properties - The KIP District Concord Adex - Omega on the park

64-65 89 38-39

Cresford Development Corp. - CASA III

IBC

Cresford Development Corp. - Merton Yonge Condominiums

136

Cresford Development Corp. - VOX

135

Digital Device - Promo

110

Dundee Kilmer Developments - Canary District Condominiums

73

Eden Shaw - Chaz Yorkville Condos

29

ELAD Canada - The Colours of Emerald City

87

Empire Communities - Water Tower at Eau Du Soleil

6-7

Family of magazines - Promo

132

Fernbrook Homes/Cityzen Dev. - The Selby Geranium Homes - Pace on Main

76-77

5

83 123

Great Gulf - HOT

27

Great Gulf - Monde

26

Great Gulf - One Bloor Residences

26

Great Gulf - One Sherway Condominiums

26

Great Gulf - Pace

27

Great Gulf - X2

27

Great Gulf - Yonge+Richmond

27

Greenland Group - King Blue

63

Metropia - E Condos

23

Minto Communities Inc. - West Side

45

Minto Communities Inc. - Yorkville Park

17

Monarch Corporation - Garden Court

Insert

Monarch Corporation - Lago

Insert

Monarch Corporation - Picasso on Richmond

Insert

Monarch Corporation - Riva del Lago

Insert

Monarch Corporation - Waterscapes

Insert

National Women’s Show - November 7-9

50

Pemberton Group - Downtown Erin Mills Condominiums

9

Pemberton Group - Vivid Condos

8

Pinnacle International - The Pinnacle on Adelaide

19

Plaza - Corporate

75

Queenscorp Residences - Watermark

95

Remington Group - Park Towers at IQ

111

Rio Can - E Condos

23

Rockport Group - The Nest

67

Sorbara Group - Beacon

55

Streetcar Development - Riverside Square

59

T.D. Bank - Corporate

24

The Daniels Corporation - Daniels Erin Mills

Insert & 49

The Daniels Corporation - High Park Condominiums

31

The Daniels Corporation - Model Suite Of The Month

30

The Daniels Corporation - One Park Place South Tower

15

Guizzetti Developments - Grand Palace

121

Tribute Communities - The College

51

ICON Homes - Royal York Urban Towns

22

Tridel Corporation - Islington Terrace

BC

Lamb Development Corp. - The Harlowe

61

Tridel Corporation - Sherwood at Huntington

IFC

Lanterra Developments - Riverhouse at the Old Mill

11

Triumph Developments - Howard Park 2

79

Urban Capital - RC3

43

Lash Group of Companies - Me Condos

107

Lash Group of Companies - The Barrington Condominiums Flats

99

Urban Capital - River City 2

103

Liberty Development Corp. - Centro Square Condos 2

36

Urban Capital - Smart House

81

Liberty Development Corp. - Legacy Park

37

Your First Home & Condo - Promo

80

134 new Condo Guide OCT 25 - Nov 08, 2014

SOLD OUT IN 3 DAYS!

L

I O

L

V U

O

E T

U

D

THANK YOU TORONTO FOR MAKING VOX THE FASTEST SELLING CONDOMINIUM OF 2014 A leader in fashion-inspired condominium living, Cresford is renowned for its focus on design, detail and location. Trusted for over 40 years, Cresford inspires confidence, creativity and success.

WANT TO MAKE SURE YOU’RE FIRST TO KNOW ABOUT CRESFORD’S UPCOMING NEW DEVELOPMENTS?

REGISTER TODAY AT CRESFORD.COM/FIRSTTOKNOW Brokers protected. Illustrations are artist’s concept. Prices and specifications are subject to change without notice. E. & O.E.

cresford.com

DON’T PLAY THE WAITING GAME FINAL OPPORTUNITY AT YONGE & MERTON The best suites remain at MYC in the heart of Davisville, steps to the subway, parks, trails, 24-hour concierge and trendy Yonge Street boutiques and cafés. Brand new, fully upgraded suites with spectacular views and wraparound balconies. Stunning lobby and amenity spaces furnished with Italian label, Lema. Gorgeous outdoor terrace furnished by Andrew Richard Designs. This is style and sophistication taken to the next level.

PENTHOUSES FROM THE $800’S TOWNHOMES FROM THE $600’S TOWER SUITES FROM THE MID $400’S CALL FOR YOUR PRIVATE APPOINTMENT

myccondo.com 416.484.1900 BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST CONCEPT. E.&O.E.

PRESENTATION GALLERY: 170 MERTON STREET

MYC

A Signature Lifestyle Awaits Arrive in splendour to your grand condominium in this coveted Lawrence Park enclave on the Sherwood Park ravine. Condominium luxury on Bayview from $1 Million.*

GR AND OPENING Come tour our beautifully appointed model suites.

1900 Bayview Ave. For details visit us at tridel.com

Tridel®, Tridel Built for Life® are registered trademarks of Tridel and used under license. ©Tridel 2014. All rights reserved. E.&O.E. October 2014. *Price and specifications subject to change without notice. Illustrations are artist’s concept only. Building and view not to scale.

FASHIONED

BY CRESFORD, FURNISHED WITH HERMÈS, NOW UNDER CONSTRUCTION.

FINAL OPPORTUNITY TO BUY AT PRE-CONSTRUCTION PRICING THE GRAND FINALE OF CRESFORD’S SUCCESSFUL CASA BRAND IN YORKVILLE. VISIT THE CRESFORD CONDOMINIUM GALLERY AT 62 CHARLES STREET EAST AND TOUR THE SPECTACULAR HERMÈS FURNISHED MODEL SUITE.

YONGE ST.

BAY ST.

416.486.CASA (2272)

BLOOR ST. E. AVENUE RD.

SUITES FROM THE HIGH $300’S

CONDOMINIUM GALLERY CHARLES ST. E. GLOUCESTER ST.

BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E & O.E.

PARKING AT REAR

N

cresford.com

GRAND OPENING

PRICES

SUITES FROM THE MID $200,000’s* Steps to the Subway PRESENTATION CENTRE

2487 BLOOR STREET WEST, TORONTO At South Kingsway CONTACT US

PHONE 416.645.8862 WEB TRIDEL.COM

Islingtonterrace@tridel.com

Steps to Islington Subway Station.

Find your connection at Islington Terrace. Close to the subway and moments from QEW and Hwy 427. Surrounded by stately residential neighbourhoods, Islington Terrace is destined to become the defining statement on Etobicoke City Centre’s skyline.

Choose from 1 bedroom, 1 bedroom + den, 2 bedroom and 2 bedroom + den suites.

A Tridel Built Green. Built for Life.® community.

Rendering has been visually enhanced to better represent the architecture of Islington Terrace. Buildings located at 50 Cordova Ave. and 24 Mabelle Ave. have been removed. The following Islington Terrace amenities spaces will not be complete or available for use at the time of Tower 1 occupancy: Swimming Pool, Basketball Court, Party Room, Dining Room, Games Room, Children’s Play Room, Theatre, Outdoor Lounge, Splash Pool, Sundeck and Children’s Outdoor Play Zone. These amenities will be provided upon completion of futures phases of the development.*Prices and specifications are subject to change without notice. Tridel ®, Tridel Built for Life ®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2014. All rights reserved. E.&O.E. October 2014.

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