The Real Estate Book OBM Vol 33 Issue 1

OAKVILLE | BURLINGTON | MILTON

HOME & LIFESTYLE GUIDE Volume 33 Issue 1

PROUDLY PRESENTING

EXCEPTIONAL CALIFORNIAINSPIRED CUSTOM HOME ON ONE OF SOUTH EAST OAKVILLE’S MOST COVETED STREETS! TEXT RBKCCKH TO 844-928-0132 TOLL FREE MORE INFO ON PAGE 8

RealEstateBook.com

Stacy Peereboom & Isla MacFarlane Sales Representatives RE/MAX Aboutowne Realty Corp., Brokerage 905-842-7000 www.peereboommacfarlane.com

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michael BREJNIK michael BREJNIK SALES REPRESENTATIVE SALES REPRESENTATIVE

EV CIECREA N E VEERY R YP RPIR RG AEN, G E , OFFICE (905) 335-3042 E V II C R A G A L LE O(905) FP YR O UE ED SE ,,, OFFICE 335-3042 E V ELERY RY P R C ERC RN AEN N G EN TOLL-FREE 1-800-290-0163 E V R Y P R I E R A G A L O F Y O U R N E E D SE ,,, E V E R Y P R I C E R A N G E A L L O F Y O U R N E E D S , W E A R E Y O U R T E A M !

TOLL-FREE 1-800-290-0163 www.michaelbrejnik.ca A LL OF YOUR NEEDS, A LEEELLA O YIOC URUR RTAR NG EEEE E!A DM S !, W A YO TM W RR EP UO R ENA A michael@michaelbrejnik.ca www.michaelbrejnik.ca E VL RY ER A O FFERYYY U N E W E A R E OO U TE M !, D S , W ELEO A RYE EPOR YUIO O U RR E AG ME!! , michael@michaelbrejnik.ca AV LE RCU N ED SN ,A E RFYR EER W A Y TTAE M W EmLeAO TEA L e tL hReE lF p Y yo fU i nR d R A YOuO U NM E E! D S , your dream home.

Let me help you find Let E m eA h e l pFOR ou fO i n dFREE CALL ME A Y LW eA lhyp y eo i nR d TEAM! Co L reeMahR EmeTE O D AY. y ut rLm d om .u fU 2015

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2015 D LC e t m e hEeTl p yo u find C A L L M O D AY. LCALL e t m e h e l p y o udfA i n dFREE L e t m e h ME e l p y oFOR u fin C A L L M E T O D AY. y o u r d r e a m h o m e . r er a hom e .m e . y oouur r dd em am ho HOME EVALUATION michael C A E O D C A LL LL MM E BREJNIK C A L L M ETl pOTTD OoAY. D AY. AY. SALES REPRESENTATIVE Lmichael et me he y u BREJNIK f i n d michael BREJNIK SALES REPRESENTATIVE y o uREPRESENTATIVE r(905) d r e335-3042 am home.

OFFICE SALES REPRESENTATIVE SALES your dream home.

michael OFFICE (905) 335-3042 C A L(905) L M E BREJNIK T O D AY. www.michaelbrejnik.ca OFFICE (905) 335-3042 OFFICE 335-3042 TOLL-FREE 1-800-290-0163

michael BREJNIK

TOLL-FREE 1-800-290-0163 SALES REPRESENTATIVE michael@michaelbrejnik.ca TOLL-FREE 1-800-290-0163 TOLL-FREE 1-800-290-0163 SALES REPRESENTATIVE

michael BREJNIK www.michaelbrejnik.ca www.michaelbrejnik.ca www.michaelbrejnik.ca michael BREJNIK michael@michaelbrejnik.ca SALES REPRESENTATIVE michael@michaelbrejnik.ca

michael@michaelbrejnik.ca OFFICE (905) 335-3042 SALES REPRESENTATIVE SALES REPRESENTATIVE OFFICE (905) 335-3042

TOLL-FREE 1-800-290-0163 2018 2017 2015 TOLL-FREE 1-800-290-0163 OFFICE (905) 335-3042 www.michaelbrejnik.ca www.michaelbrejnik.ca Brejink_MarqueeMag2017_AdV1.indd 1 OFFICE (905) 335-3042 335-3042 OFFICE (905) 2015 michael@michaelbrejnik.ca TOLL-FREE 1-800-290-0163 2015 michael@michaelbrejnik.ca 2015 TOLL-FREE 1-800-290-0163 1-800-290-0163 TOLL-FREE

michael BREJNIK

SALES REPRESENTATIVE www.michaelbrejnik.ca

www.michaelbrejnik.ca www.michaelbrejnik.ca michael@michaelbrejnik.ca michael@michaelbrejnik.ca michael@michaelbrejnik.ca OFFICE (905) 335-3042 2017 2015 TOLL-FREE 1-800-290-0163 www.michaelbrejnik.ca ejink_MarqueeMag2017_AdV1.indd 1 2015 michael@michaelbrejnik.ca 2015 2015 2015

*Not intended for properties already listed or under any buyer representation agreement.

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2015

Brejink_MarqueeMag2017_AdV1.indd 1 Brejink_MarqueeMag2017_AdV1.indd 87621.27.2.002 Brejnik.indd 87621.28.2.002 87621.29.1.002 87621.33.1_002 Brejnik 1 Ad.indd Brejink_MarqueeMag2017_AdV1.indd 11 Promo

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OFFICE (905) 335-3042

www.michaelbrejnik.ca

TOLL-FREE 1-800-290-0163

michael@michaelbrejnik.ca

2018

To Get More Info & Photos On These Listings, Text the Code to 844-928-0132 Text RBKCCKB

Text RBJZNXG

SOUTH BURLINGTON CUSTOM BUILD $1,999,000 Exceptional home in Shoreacres with 3+1 beds, 3.5 baths, and

1,375 SQ FT IN GORGEOUS LAKEPOINTE $1,224,900 Charming 2 bed, 2 bath Burlington condo with lake views and

approx 2250 sq ft, including finished lower level. Formal dining room with coffered ceilings, gourmet kitchen, and 2-storey family room with gas fireplace.

Primary suite with walk-in closet and spa-like ensuite. Private backyard.

a 375 sq ft wrap-around balcony for multiple vantage points. Well-managed building with indoor pool, hot tub, exercise room, library, and more. Explore nearby shops, restaurants, Spencer Smith Park, and downtown Burlington.

Text RBJZNWJ

Text RBJZNWK

DEEP LOT ON TREE-LINED STREET $1,049,900 Charming 3 bed, 2 bath home. Bright kitchen with stainless steel

QUIET COURT PARK SETTING $899,900 Beautiful 3 bed, 2.5 bath raised ranch on a serene court. Well-

appliances and granite counters. Hardwood floors, crown molding, and finished lower level. Backyard deck, powered shed for a workshop. Roof 2019, updated air and furnace. Close to schools, parks, shopping, and amenities.

maintained by one owner, open-concept living area, spacious lower level with a wet bar, sunroom, and backyard with a storage shed and playhouse.

Double garage and a six-car interlock driveway. Perfect for family living.

Text RBJYMMK

Text RBKBMBV

SHORES OF LAKE ONTARIO $899,900 Welcome to Admiral's Walk, offering stunning Lake Ontario

SPACIOUS PINEDALE LEASE $3,800/month 3+1 bed, 3.5 bath family home with a finished basement

and north Burlington views. This unit is fully updated with a quartz kitchen, custom cabinetry, s/s appliances, and concealed washer/dryer. Living/ dining/den area opens to a balcony with amazing views. Move-in ready.

and fully fenced yard in a fantastic family neighborhood. Great location for commuters, not far from QEW and GO station, and close to all amenities.

Minimum one-year lease. No pets, no smokers. Tenant to pay all utilities.

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WISHING YOU ALL THE BEST IN 2024!

Local Expertise, Global Reach

Follow your dream, home.

ENGEL & VÖLKERS OAKVILLE, BROKERAGE 226 Lakeshore Road E | Oakville | ON L6J 1H8 +1 905-815-8788 | oakville@evrealestate.com Learn more at oakville.evrealestate.com ©2023 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

87621.33.1 agency ads.indd 3

2023-12-19 3:58 PM

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Custom home on court in Bronte, best of everything!

Incredible kitchen.

2 storey family room.

Finished basement.

Elevator + more!

Listed at: $4,498,000 Premium lot backing onto forest w/professional landscaping, putting green, sunroom addition with swim spa. Love it!

Listed at: $2,599,000 Exceptional West Oak Trails. Steps to 16 Mile ravine. Luxury custom home w/finished basement + award winning backyard with pool!

Listed at: $2,648,000

r i n a . ca

WE SELL REAL ESTATE BUT BETTER.

416.804.4347 RINA@RINA.CA RINA DIRISIO, Sales Representative Royal LePage Real Estate Services Ltd., Brokerage | 251 North Service Rd W, Oakville, ON L6M 3E7 Not intended to solicit properties for sale or buyers under contract.

87621.33.1 agency ads.indd 1

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OAKVILLE | BURLINGTON | MILTON • GREATER HAMILTON

OAKVILLE | BURLINGTON | MILTON

VOLUME 33 ISSUE 1

HALTON HAMILTON HOMES Search ALL homes listed

PUBLISHER

Tim Root VP SALES & BUSINESS DEVELOPMENT

Fred Ferri

for sale on MLS, view our digital magazines, research

ART DIRECTORS

local real estate market

Vanessa Chong Sarah Noble

trends and insights, get home buying and selling tips, and more! From the same team who produce The Real Estate Book for the Halton and Hamilton region.

CONTRIBUTING WRITERS

Julie Achtermeier Jason Woods MARKETING & COMMUNICATIONS COORDINATOR

Sarah Noble

Next Issue Submission Deadline JANUARY 18, 2024

For Advertising or General Inquiries:

905 845 8732 info@trebpublishing.ca trebpublishing.ca

HaltonHamiltonHomes.com

! TheRealEstateBook $ The.RealEstateBook

Want to see your home advertised in this magazine or featured online at RealEstateBook.com?

Contact any of the top real estate professionals advertised in this issue.

Another fine product from NewPoint Media Group, LLC. Bee Cave, TX © 2016, NewPoint Media Group, LLC PRINTED IN CANADA

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HOME MONTH

7

OF THE

WELCOME TO 51 HOLYROOD AVENUE, OAKVILLE

$4,750,000

T E X T RBKCDCT TO L L FREE TO 844- 928- 0132 FO R M O R E I N F O A N D PH O T O S LOCATION AND CHARACTER DEFINE THIS PROPERTY! A short stroll west of Downtown Oakville along the shores of Lake Ontario with Appleby College minutes away. Beautifully renovated to today’s standards with crown moulding, natural finished wood floors, renovated kitchen and great room, and a butler pantry with 2nd dishwasher and walk in wine cellar! Formal dining and living room plus a conservatory with heated floors and full glass windows. Two primary bedrooms both with ensuites and walk-in closets. A total of three bedrooms upstairs and 3 bedrooms downstairs.

The basement has a spacious theatre room, games area and lots of storage. Private backyard.

DONNA GRAY

Broker and VP Sales Oakville/Mississauga DIRECT: 416-276-0632

EMAIL:

donna@caymanmarshall.com

Visit RealEstateBook.com to search for more Oakville/Burlington/Milton & area homes.

87621.33.1_007 HOTM Gray.indd 1

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TAKE A

VIRTUAL TOUR

CLICK HERE

9

SULLI VAN REAL ESTATE

Client Focused & Service Driven

ANITA & MATT SULLIVAN SullivanRealEstate.ca

TEXT THE PROPERTY CODES TOLL FREE TO 844-928-0132 FOR MORE INFORMATION AND PHOTOS

$1,835,000

$1,399,000

$1,249,000

ULTIMATE LUXURY Welcome to the prestigious 'Bluwater' waterfront condominiums just steps to Lake Ontario, trails & parks. For Sale with Sullivan Real Estate.

TEXT RBKCCKL

LUXURY WATERFRONT CONDO Stunning unobstructed east, south & north views of Lake Ontario and the Toronto skyline. Breathtaking! For Sale with Sullivan Real Estate.

TEXT RBJZQNH

LAKESIDE LIFESTYLE Waterfront condo living! Great opportunity to live at the prestigious 'Ennisclare II on the Lake' complex.

For Sale with Sullivan Real Estate.

TEXT RBJWXGB

$6,499/MONTH

$4,200/MONTH

GORGEOUS LAKE VIEWS Updated luxury suite boasting unobstructed gorgeous lake views & plenty of sun filled living space. For Lease with Sullivan Real Estate!

TEXT RBKCCKN

NIAGARA-ON-THE-LAKE Open concept bungalow nestled on a 160' deep lot. Located close to the lake, restaurants, wineries and much more.

For Lease with Sullivan Real Estate.

TEXT RBKCCKV

$989,000

UPDATED CONDO Absolute luxury throughout this fabulous updated 2-bedroom, 2bathroom suite with gorgeous lake views. For Sale with Sullivan Real Estate.

TEXT RBJZQNF

SOLD

PREMIUM GLEN ABBEY LOCATION Fantastic sun-filled, updated 3 bedroom family home in the soughtafter community of Glen Abbey. Sold with Sullivan Real Estate.

TEXT RBJWXHK

SOLD

THIS HOME HAS IT ALL Gorgeous lake view condo! Wellappointed luxury suite, filled with an abundance of natural daylight. Sold with Sullivan Real Estate.

TEXT RBJZQNL

SOLD

WATERFRONT LIVING Welcome to this lakeside condo with unobstructed east views of Lake Ontario, the Toronto skyline, and lush treetops. Sold with Sullivan Real Estate.

TEXT RBJXLXT

SENIORS REAL ESTATE SPECIALIST • ACCREDITED BUYER’S REPRESENTATIVE • CERTIFIED NEGOTIATION EXPERT

Anita Sullivan

Matt Sullivan

Cell 905.466.4900

Cell 905.580.9196

Broker/Realtor

anita@sullivanrealestate.ca

87621.33.1 EZ ads.indd 2

Sales Representative

Royal LePage Real Estate Services Ltd., Brokerage

Office 905.338.3737

matt@sullivanrealestate.ca

2023-12-20 4:56 PM

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K AY L E Y S PA L D I N G SALES

REPRESENTATIVE

L AKE VERN O N

$2 , 849, 900

Discover lakeside luxury at this renovated Huntsville property, nestled on Hunters Bay between Fairy Lake and Lake Vernon. Just 10 minutes from town by boat or 5 minutes by car, this contemporary masterpiece spans 4,100 sqft above grade, with an additional 1600 sqft below, on a private ½ acre lot. Step into the grand foyer, bathed in natural light from 3 skylights, revealing an interior with all-new flooring, trim, and a seamlessly integrated 3-sided gas fireplace. The kitchen, equipped with top-tier Thermador appliances and quartz countertops, overlooks the serene lake. Featuring 5 spacious bedrooms, including one on the main level ideal for an office or guest room, the residence offers a primary suite with a new walk-in closet, makeup vanity, soaker tub, shower, and double sinks.

EX EC UT I VE H O M E

$2,199,900

No detail was overlooked in the thoughtful design of this executive family home resting on a quiet cul-de-sac!

Located within close proximity to the Deerhurst Highlands Golf Course, Hidden Valley Ski Club, an easy 7km drive to Downtown Huntsville amenities. This home showcases an ideal floor plan boasting 5 bedrooms and 4.5 bathrooms across 4,048 sq ft of finished living space with luxurious features and finishes throughout. Open concept living room with an ambient wood burning fireplace insert, a spacious dining room with cathedral ceiling, plus access out to the oversized rear deck. This gorgeous kitchen is fit for a chef and is complete with a walk-in pantry, gas range, pot filler, double wall oven, solid surface countertops, and a large island with breakfast bar.

KAYLEYSPALDING.COM 87621.33.1_010 & 11 Spalding.indd 1

705.788.2959

INFO@KAYLEYSPALDING.COM 2023-12-20 11:59 AM

KA

OM

LUXURY MUSKOKA LIVING

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D R EA M H O ME $ 1 ,1 9 9 ,9 0 0 Desirable open concept floor plan including a gourmet kitchen featuring ample cabinetry and large island. A spacious dining room with space for any harvest table, offering access out to the rear deck that overlooks and provides access to the backyard.

C U ST O M BU I L T $ 1 ,1 4 9 ,9 0 0 Nestled on over 3 acres of picturesque land, this custom-built home is a testament to thoughtful design & craftsmanship. The heart of the home is a cozy living room, seamlessly flowing into a combined dining and kitchen area.

P EN I N S U L A L A K E $ 3 ,9 9 9 ,9 0 0 This lakeside haven rests gracefully on the serene shores of Peninsula Lake, encompassing over 5 acres of picturesque parklike beauty. The craftsman style bungalow features 5 beds, 3 baths, and spans 4,400 sq ft, marrying elegance with durability.

R U R A L R ET R EA T $ 1 ,7 9 9 ,9 0 0 Nestled on an expansive 88-ac lot, this property boasts a 4100 sq ft (above-grade) main house, a charming 2-bedroom cabin, a detached garage/workshop, vast cleared spaces, & a network of trails meandering through the landscape.

P EN I N S U L A L A K E $ 2 ,9 9 9 ,9 0 0 Executive estate style waterfront cottage/home resting on a private 6.35-acre property offering 220 ft of shoreline on Peninsula Lake! This impressive cottage boasts 5 bedrooms and 3.5 bathrooms across three levels of living space.

B I G EA S T R I VER $ 1 ,2 4 9 ,9 0 0 This stunning property offers an unparalleled blend of privacy & comfort. Step inside & be greeted by soaring ceilings that grace the living, dining, & kitchen. These open spaces are bathed in natural light, creating an inviting ambiance.

L U X U R Y L I VI N G $ 1 ,3 4 9 ,9 0 0 A true executive masterpiece, this residence boasts 3 bedrooms & 3 bathrooms. The layout is artfully crafted for entertainment, featuring a generously sized dining area, and a living room with a gas fireplace that exudes the true essence of Muskoka.

MU S K O K A R I VER $ 1 ,7 9 9 ,9 0 0 Impressive executive waterfront home in the heart of Downtown Huntsville boasting a total of 5,369 sq ft of finished living space and is complete with 3 kitchens, 5 bedrooms, 4 bathrooms, 2 separate laundry areas, and a home gym!

WO O D L A K E $ 2 ,1 9 9 ,9 0 0 Truly magical year-round family cottage resting on a very private 4+ acre property with 490 ft of frontage on Wood Lake! This traditional Muskoka- inspired cottage boasts 3 bedrooms and 2 full bathrooms across 2,778 sq ft of living space.

(705) 788-2959 INFO@KAYLEYSPALDING.COM WWW.KAYLEYSPALDING.COM

KAYLEYSPALDING.COM 87621.33.1_010 & 11 Spalding.indd 2

705.788.2959

INFO@KAYLEYSPALDING.COM 2023-12-20 11:59 AM

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TIMELESS WOODLAND ACRES ESTATE Over 1 acre with 13,000 sq. ft. of total luxury living space with finest finishes. Private property with manicured gardens & backyard oasis. $13,500,000

LUXURY CUSTOM HOME IN OLD OAKVILLE 5+1 beds, 7.3 bathrooms, over 11,000 sq ft of total exceptional living space with the finest materials. 200' deep lot with concrete pool, hot tub and cabana. $10,900,000

FRENCH CHATEAU INSPIRED ESTATE WITH SPRAWLING ACREAGE This is a storybook estate like no other. Nearly 14 acres of breathtaking natural surroundings. Nearly 14,000 sf of total space, 7 beds, 9 baths, 5 FPs. Whimsical. $9,895,000

T O w b s

CUSTOM HOME ON QUIET CUL-DE-SAC IN COVETED BAILIE ESTATES Located in historic Baillie Estates, this home has over 6,700 sq ft of living space including main floor primary suite. $4,750,000

WEST COAST CONTEMPORARY IN SE OAKVILLE Impeccably crafted with warm woods & fine finishes. Entertainer's lower level. 4+1 beds, 4.5 baths. Pool.

Incredible landscaping. $4,350,000

LAKEFRONT BUILDING LOT IN SOUTH WEST OAKVILLE One of the last remaining lakefront lots in SW Oakville. Just under half acre, pie shaped, with ideal proportions for a custom built home. $3,995,000

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EXCLUSIVE SOUTH EAST OAKVILLE Fernbrook development. Refined towns w/ varying layouts. From 3,132 sq ft to 3,562 sq ft finished space, 3+1 beds + 3.5 baths.

Elevator. 3 terraces. FROM $2,885,000

FAMILY HOME WITH POOL Located on one of Joshua Creek's prime streets. Low maintenance landscaping front and back with saltwater pool. $2,749,000

SECURE YOUR OPPORTUNITY to build on a 27,000 sq ft lot (0.6 acre), with excellent proportions, just minutes from downtown Oakville. $2,649,000

A A d S b

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TIMELESS TRADITIONAL IN SE OAKVILLE Impeccable millwork, warm woods & fine finishes. 4+1 beds, 4.3 baths. West-facing resort yard with pool/ spa. $5,695,000

EXCEPTIONAL FAMILY HOME ON PRIVATE COURT in heart of Morrison. Renovation transformation in 2015. 4.1 beds, 5 full baths, over 6,000 total sq ft. South backing with 2015 pool, hardscaped. $4,799,000

BOLD MODERN COASTAL HOME IN OLD OAKVILLE with refined aesthetic.

Wall-to-wall glazing, pocketed glass wall & waterproof louvered pergola. A thoughtfully executed gem. $4,795,000

H g f r

NEW FERNBROOK DEVELOPMENT: DETACHED HOMES IN SE OAKVILLE Exclusive development.

Single family homes w/varying layouts. From 2,750 sf - 3,421 sf finished space, 4 beds + 3.5 baths, 47'+ 50' lots.

FROM $3,795,000

INTERESTING OPPORTUNITY IN SE OAKVILLE: MULTI-UNIT INCOME with development in future. 5 units, recently reno'd. 4 units in one building share basement laundry. Detached bungalow is selfequipped. Each unit separately metered. $3,295,000

INCREDIBLE PROPERTY STEPS FROM THE LAKE South of Lakeshore Rd in SW Oakville on a supremely private 16,630 sq ft pie shaped property. Dense greenery & 14 Mile Creek at rear. $3,290,000

d h m

ANCASTER GEM In the heart of Ancaster, nestled into a prestigious culde-sac off Lover's Lane and close to Sulphur Springs lies this custom built beauty! $1,799,000

BEAUTIFUL GRIMSBY FAMILY HOME below Niagara Escarpment. Pristine landscaping + rear yard w/saltwater pool + multi-tier decking. 3,495 sq ft of living space, 4+1 beds, 3.5 baths. $1,179,000

MAGNIFICENT CONDO BY OAKVILLE GO STATION A sensational 2-storey executive condo unit in the coveted neighbourhood of Old Oakville across from the majestic Sixteen Mile Creek. $698,000

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TINA GIRARD

*BROKER/SALES REPRESENTATIVES

KEVIN GIRARD*

JAKE ROBERTS

ANCASTER - $29,000,000

Set amongst a 5.2-acre paradise estate with 1/3-acre pond is a sprawling contemporary bungalow with lofted nanny's quarters - over 22,000 sq ft of spectacular living plus a separate 5,210 sq ft detached garage. State-of-the-art dream home with sensational outdoor amenities surrounded by peaceful countryside. www.1272Fiddlers.ca

NORTH BURLINGTON - $3,695,000

ANCASTER - $2,895,000

Magnificent sprawling bungalow with over 5,700 sq. ft of finished living. Set on 1.4 acres only 5 minutes to all city amenities including the 407. Built with superior quality including highly efficient geothermal heating/cooling. CALL FOR DETAILS

Spectacular custom home in Ancaster Heights. 4+2 beds, 6 baths and almost 4,000 sq ft plus a finished entertainer's basement.

Deep 191 ft pie-shaped property with almost 100 ft across the rear backing onto greenspace. www.731Montgomery.ca

ANCASTER - $1,799,000

GREENSVILLE - $1,399,000

Custom luxury 2-storey family home built in 2022. Stunning modern finishes with black cabinetry and quartz. 4-bed, 4-bath and situated on a 80 x 150 ft lot in the heart of Ancaster just a short walk to downtown amenities. www.336Fiddlers.ca

New custom-built luxury home across from Webster Falls.

Built with the highest level of craftsmanship. This smart home has 4 bedrooms, 4 total baths and a finished entertainer's basement. www.287Brock.ca

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Personalized ersonalized Service & Award Award Winning Winning Results!

Results!

Top 1% in Canada for Royal LePage

905-802-4769

info@Girardteam.ca

ANCASTER - 12.5-ACRES (M10)

STONEY CREEK - $1.545M / $1.35M ($2.895M)

12.5-acres of industrial land zoned M10 in the Airport Employment Growth District. No regulated features impacting future development. Quality backsplit and large workshops offer interim rental opportunity. CALL FOR DETAILS

Prime development land along Highway 8 in Stoney Creek with transit, shopping and all amenities. Perfect for future residential or mixed-use development with existing mid-rise condos & towns. CALL FOR DETAILS

ANCASTER - $1,499,000

Sprawling bungalow in prestigious Oakhill. 2+2 beds, 3 full baths and over 1800 sqft. on the main level - complete onefloor living. 85 x 141 ft. pie-shaped property with 105 ft. at the rear. www.92Judith.ca

GREENSVILLE - $975,000

1.1-acre lot on quiet cul-de-sac. Build your dream home amongst custom estates just 10 minutes to downtown Dundas. Approved plans available for a 3,700 sq ft bungaloft. www.21Hauser.ca

DUNDAS - $869,000

STONEY CREEK - $599,900

BONFIELD - $499,900

Set on a Muskoka-like ravine lot in Dundas (53 x 142 ft). Beautiful 3+1 bed bungalow with walk-out basement and in-law potential.

Minutes to downtown Dundas. www.58Bertram.ca

Beautiful & spacious, 1242 sq ft corner unit with 2 beds and 2 full baths. This spacious layout feels like a house without the maintenance. One parking & locker. www.319Highway8.ca

Renovated 3-bedroom bungalow with 2200 sq ft of luxurious living space and an open concept design. Situated on 1-acre close to Lake Nipissing and Algonquin Park. www.119Maple.ca

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WANT TO LIVE LIKE THIS? Maybe you can. Find your next home by searching our network of over a million properties for sale or rent. Find open houses, trusted agents and more.

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Download The Real Estate Book App

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Barbara

Beers

.com

BROKER, B. COMM, MVA

Top

9

1% In Canada 905-634-2335

for Royal LePage 1989-2022

barbara@barbarabeers.com

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PRIME GLEN ABBEY IN OAKVILLE!

$5,750 / month Approx 3100 sq ft.

4 bedrooms, 4 baths. Renovated & stunning open concept layout.

Text RBKBKDB

PRIME BURLINGTON LOCALE!

$1,499,000 Approx 1542 sq ft + lower level. 4 bdrms, 2.5 baths. Beautifully renovated. 5 year old in-ground pool!

Text RBJZFXW

!

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HAMILTON'S "MADISON"

$1,995,000 Approx 2507 sq ft luxury apartment. 3 bedrooms + den, 3 bathrooms.

Private elevator. City, Escarpment & lake views.

Text RBKBNYV

Health & Happiness to You & Yours in the New Year Ahead!

87621.33.1_Beers digital.indd 1

TEXT THE PROPERTY CODES TOLL FREE TO 844-928-0132 FOR MORE INFORMATION AND PHOTOS

2023-12-20 12:16 PM

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18

THE LOW-DOWN ON SHORT-TERM RENTALS IN ONTARIO: WHAT TO EXPECT IN 2024

T

By Julie Achtermeier

he debate about short-term rentals like AirBnb and VRBO is making news headlines these days, with the Federal government proposing new laws in 2024 and many municipalities already imposing strict controls to help control this market. We're here to help you sort through the weeds.

What's happening with the rental market?

The Canada Mortgage and Housing Corporation has estimated that to bring housing prices back within reach for most buyers, Canada must add approximately 3.5 million units to the current construction plans by 2030. In the meantime, unaffordable house prices have created a surge in demand for longterm rental units.

In recent years, the country has seen many long-term rental units converted into short-term rentals, as they can be a more lucrative business for landlords.

According to Statistics Canada, the short-term rental market grew from an estimated 7.0 percent of rental supply in 2017 to 15.2 percent in 2021 across Canada, with major cities seeing more significant growth.

According to a December 2023 report by Desjardins, short-term rentals represent 1.4 percent of Canada's overall housing availability (235,000 listings) and 4.9 percent of the long-term rental potential. The same report estimates the national rental vacancy rate was 1.9 percent in 2022, significantly below a balanced market rate of 3.0 percent.

Due to the shortage of long-term rentals, rent prices continue to climb across Canada. In October, prices nationally increased by 11.1 percent from a year ago to an average cost of $2,149 per month, according to Rental.ca.

19

Is there a place for short-term rentals?

For some Canadians, short-term rentals are ideal despite the controversy surrounding them. In the agricultural sector, many growers hire migrant workers on a seasonal basis to help care for and harvest crops. As these workers are only in Canada for a few months of the year, a long-term rental scenario is neither suitable nor affordable.

While some employers can provide accommodation for these workers, not all have this option.

New immigrants and refugees arriving in Canada need somewhere to stay immediately, and short-term rentals can offer a comfortable living situation until families get on their feet.

The original intent of the two dominant online platforms was to provide people going on vacation with additional accommodation options, while also providing homeowners with an additional income stream, especially if their homes were in vacation destinations and were only occupied for part of the year. Most people would agree that AirBnB and VRBO have proven to be invaluable tools for vacation planning, and have vastly improved the options available to travelers in major cities and vacation destination around the world.

With the extraordinary increase in housing costs over the last decade, many first-time buyers have concluded that the only way they can possibly aspire to own their own home is if they rent out the basement or another suite in the home on a short-term or long-term basis to help cover the cost of the mortgage.

Will new laws change the short-term rental market?

Over the last couple of years, many municipalities across Canada have clamped down on short-term rentals for a variety of reasons, one of them being to encourage landlords to put long-term rentals back on the market. In Toronto, for example, 2021 saw the introduction of licensing for landlords renting on a short-term basis with a maximum of 180 days per year and only at their principal residence. Many municipalities introduced restrictions on short-term rentals, allowing them on a primary residence only, with secondary properties required to become long-term rentals.

Effective January 1, 2024, the new proposed Federal legislation will mandate that landlords renting short-term in areas where they are prohibited will no longer be able to claim expenses against rental income. Property owners who are noncompliant with local laws will also be unable to claim expenses against any income earned from rentals.

What to consider when entering the short-term rental market in Ontario If you own a primary residence and want to tap into the short-term rental market, be sure to consider the following: • Understand and follow the rules and laws of your municipality.

• Create a cost analysis and make sure you understand which expenses qualify for tax deductions.

• Create rental agreements even if tenants are only staying a few days.

• Check with an insurance broker about liability coverage and whether it includes short-term rental use.

While renting a room or your home for short-term use can help offset rising living costs, the process requires diligence and attention to ensure it's worthwhile.

20

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