GTA Homes Magazine - March 11, 2023

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CONTRIBUTORS

PERSONAL FINANCE

|

JESSE ABRAMS

Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com

CHIEF REVENUE OFFICER Jacky Hill jacky.hill@nexthome.ca

EXECUTIVE MEDIA CONSULTANT

Michael Rosset

EDITOR-IN-CHIEF – NATIONAL REAL ESTATE

Susan Legge susan.legge@nexthome.ca

EDITOR-IN-CHIEF – GREATER TORONTO AREA

WESTERN VIEW | MIKE COLLINS-WILLIAMS

Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.

HOME REALTY | DEBBIE COSIC

Debbie Cosic is CEO and founder of In2ition Realty. She has overseen the sale of more than $15 billion worth of real estate. With Debbie at its helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. in2ition.ca

REALTY INSIDER | MICHAEL KLASSEN

Michael Klassen is the Broker of Record, Eleven Eleven Real Estate Services. Based in Toronto, this firm is a residential pre-construction listing brokerage. 1111realty.ca

Wayne Karl wayne.karl@nexthome.ca

MANAGING EDITOR

Rise Levy

CONTRIBUTORS

Jesse Abrams, Mike Collins-Williams, Debbie Cosic, Michael Klassen, Jayson Schwarz, Dave Wilkes

SENIOR VICE-PRESIDENT, SALES, NEXTHOME

Hope McLarnon

416.708.7987, hope.mclarnon@nexthome.ca

DIRECTOR OF SALES, ONTARIO, NEXTHOME

Natalie Chin

416.881.4288, natalie.chin@nexthome.ca

SENIOR MEDIA CONSULTANT

Amanda Bell

416.830.2911, amanda.bell@nexthome.ca

VICE-PRESIDENT, MARKETING – GTA

Leanne Speers

SENIOR CLIENT RELATIONS SPECIALIST – GTA

Sonia Presotto

MANAGER CUSTOMER SALES/SERVICE

Marilyn Watling

SALES & MARKETING CO-ORDINATORS

Gary Chilvers, Vi Nguyen

HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA

Josh Rosset

DISTRIBUTION distributionteam@nexthome.ca

ACCOUNTING INQUIRIES accountingteam@nexthome.ca

LEGALLY SPEAKING | JAYSON SCHWARZ

Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law Partners LLP. He can be reached by visiting schwarzlaw.ca or by email at info@schwarzlaw.ca or phone at 416.486.2040.

DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs

VICE-PRESIDENT, PRODUCTION – GTA

Lisa Kelly

PRODUCTION MANAGER – GTA

Yvonne Poon

GRAPHIC DESIGNER & ASSISTANT MANAGER

Alicesa Pullan

GRAPHIC DESIGNER & PRE-PRESS COORDINATOR

Hannah Yarkony

BILD REPORT | DAVE WILKES

Dave Wilkes is president and CEO of the Building Industry and Land Development Association (BILD), the voice of the home building, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter at @bildgta or visit bildgta.ca

GRAPHIC DESIGNERS

Johannah Lorenzo, Mike Terentiev

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BRIGHTER OUTLOOK

In our Jan. 14 issue of HOMES, and in our Outlook 2023 Special Report (which can be found on nexthome.ca), we stressed that there were reasons to be optimistic, even positive, about this year and beyond, despite some current uncertainties.

One key reminder is that you should view real estate and homebuying over the long term and big picture, locally and even by property type.

Case in point – the Toronto Regional Real Estate Board’s (TRREB) 2023 Market Outlook & 2022 Year in Review report, which indicates the recovery may be already underway. The second half of this year will see a gradual uptick in home sales and an increase in competition between buyers, with a renewed upward pressure on home prices in the GTA.

“It will be a year of two halves in 2023,” says TRREB Chief Market Analyst Jason Mercer. “The first half will feel similar to the fall of 2022, due to the lingering effects of higher borrowing costs and related economic uncertainty. However, recent polling by Ipsos suggests buying intentions are edging up. The second half of 2023 should be characterized by an increase in demand for ownership housing, supported by lower fixed mortgage rates, a relatively resilient labour market and record immigration.”

WAYNE KARL EDITOR-IN-CHIEF HOMES Magazine

EMAIL: wayne.karl@nexthome.ca

TWITTER: @WayneKarl

Translation: The pendulum is about to swing back the other way, buoyed by solid long-term economic fundamentals in the GTA. TRREB forecasts the aggregate average selling price will reach $1.14 million this year – up from current levels based on tighter market conditions forecast for the second half of 2023.

This will be down slightly from $1.18 million in 2022, which on the surface may not be ideal, but let’s then look at the last five years of average prices:

• 2017: $822,510

• 2018: $787,842

• 2019: $819,153

• 2020 $929,636

• 2021: $1.09 million

So, when you put market performance in longer-term perspective, things don’t look so bad, do they?

Looking even further down the road, against the backdrop of record immigration supported by job creation in a diversity of sectors, the population of the GTA is expected to soar over the next five, 10 and even 20 years.

With housing supply challenges not likely to be solved quickly in the meantime, this all bodes well for a brighter outlook for home price growth.

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GTA NEW HOME MARKET QUIET IN JANUARY

The GTA new home market saw a slow month in January, the Building Industry and Land Development Association (BILD) reports.

There were 567 new home sales in January, down 81 per cent from January 2022 and 70 per cent below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence. It was the lowest number of new homes sold in January since Altus Group began tracking in 2000.

Only 186 single-family homes, including detached, linked and semidetached houses and townhouses (excluding stacked townhouses), were sold in January, down 70 per cent from January 2022 and 78 per cent below the 10-year average. It was the lowest level of single-family home sales for January since Altus Group began tracking.

Condominium apartments, including units in low-, medium- and highrise buildings, stacked townhouses and loft units, accounted for 381 units sold in January – the lowest level for January in 14 years. It was down 84 per cent from January 2022 and 64 per cent below the 10-year average.

“We are seeing a modest increase in inventory, due to prospective homebuyers sitting on the sidelines as a result of current monetary policy,” says Dave Wilkes, BILD president and CEO. “But given the rate at which the population of the GTA and the province is growing, we need to build 1.5 million new homes in Ontario in a decade. We are committed to working with all levels of government to implement the changes necessary to meet this ambitious goal.”

“New home sales started 2023 on a very quiet note,” adds Edward Jegg, research manager at Altus Group. “Developers, particularly in the condominium apartment sector, continue to bring new units to

the market, though buyers remain largely hesitant.”

With the launches of two large condominium apartment projects in January, total new home remaining inventory increased compared to the previous month, to 13,490 units, the highest level in two years. This included 11,869 condominium units and 1,621 single-family homes, representing 7.5 months and 4.8 months of inventory respectively, based on average sales for the last 12

months. A balanced market would have nine to 12 months of inventory. The benchmark price for new single-family homes decreased in January compared to the previous month, to $1.73 million, down 2.3 per cent over the last 12 months. The benchmark price for new condominium apartments decreased in January compared to the previous month, to $1.12 million, which was down 2.0 per cent over the last 12 months.

JANUARY NEW HOME SALES BY MUNICIPALITY

GTA RESALES DROP IN FEBRUARY BUT UPTICK ON THE HORIZON

February sales in the Greater Toronto Area were down substantially from the pre-rate hike levels of early 2022, the Toronto Regional Real Estate Board (TRREB) reports. However, the number of new listings also dropped substantially year-over-year. The result was that the average selling price and MLS HPI continued to level off after trending lower through the spring and summer of last year.

“It has been almost a year since the Bank of Canada started raising interest rates,” says TRREB President Paul Baron. “Home prices have dropped over the last year from the record peak in February 2022, mitigating the impact of higher borrowing costs. Many homebuyers have also decided to purchase a lower priced home to help offset higher borrowing costs. The share of home purchases below one million dollars is up substantially compared to this time last year.”

GTA realtors reported 4,783 sales through TRREB’s MLS system in February 2023 – down 47 per cent compared to February 2022, the last full month before the onset of interest rate hikes. The number of new listings entered into the system was down by a similar annual rate of 40.9 per cent to 8,367.

“New listings continued to drop year-over-year in the GTA. Recently released Ipsos polling suggests buying intentions have picked up for 2023,” says TRREB Chief Market Analyst Jason Mercer. “This increased demand will run up against a

constrained supply of listings and lead to increased competition between buyers. This will eventually lead to renewed price growth in many segments of the market, especially those catering to first-time buyers facing increased rental costs.”

The average selling price for February 2023 was $1.09 million –down 17.9 per cent compared to February 2022. Some of this decline is attributable to the fact that the share of sales below $1 million was

57 per cent in February 2023, versus only 38 per cent a year earlier. On a monthly basis, the average price followed the regular seasonal trend, increasing relative to January 2023. The MLS Home Price Index (HPI) Composite Benchmark was down year-over-year by a similar annual rate of 17.7 per cent, but was also up on a monthly basis.

“As we move toward a June mayoral by-election in Toronto, housing supply will once again be front and centre in the policy debate,” adds TRREB Chief Executive Officer John DiMichele. “New and innovative solutions, including the City of Toronto’s initiative to allow duplexes, triplexes and fourplexes in all neighbourhoods citywide, need to come to fruition if we are to achieve an adequate and diverse housing supply that will support record population growth in the years to come.”

SOURCE: TRREB

GTA BUILDERS SCORE NATIONAL CHBA AWARDS

Builders and developers from the Greater Toronto Area scored their share of national industry accolades at the Canadian Home Builders’ Association’s (CHBA) National Awards for Housing Excellence.

CHBA recently conferred the honours as part of its Home Building Week in Canada, in Banff, Alta.

For a complete list, visit chba.ca/ housingawards.

BRANTHAVEN HOMES

Burlington, Ont.

BEST WEBSITE

“Millcroft Towns,” with II BY IV Design and AdHoc Studio

BEST DIGITAL ADVERTISING CAMPAIGN

“Millcroft Towns,” with II BY IV Design and AdHoc Studio

MARKETING EXCELLENCE AWARD

ARMOUR HEIGHTS DEVELOPMENTS

Toronto

BEST MID- TO HIGHRISE BUILDING (PLANNED)

“89 Avenue Yorkville,” with McOuat Partnership

BEST LONG VIDEO

“89 Avenue Yorkville,” with Gladstone Media, McOuat Partnership and Pureblink

BEST RENDERINGS

“89 Avenue Yorkville,” with Pureblink, and McOuat Partnership

MOUNTAINVIEW BUILDING GROUP Thorold, Ont.

BEST BATHROOM

“The Beaches, Penthouse Suite,” with Aristocrat Floors of the World, Dell Smart Home Solutions Inc., and Nickerson Home Appliances

BEST BEDROOM/SUITE

“The Beaches, Penthouse Suite,” with Aristocrat Floors of the World, Dell Smart Home Solutions Inc., and Nickerson Home Appliances

BEST SIGNAGE

Activa, Waterloo, Ont.: “Net Zero Model Home”

BEST VIRTUAL TOUR EXPERIENCE

Tridel, Toronto: “Queen Church,” with Kirkor Architects, The Brand Factory and Pureblink

BEST SALES OFFICE

Poetry Living, Vaughan, Ont.: “CityPointe Heights,” with Flora Di Menna Design and Impact North Inc.

BEST DETACHED CUSTOM

HOME OVER 5,000 SQ. FT. Trademark Homes, Oshawa, Ont.: “The View on Balsam”

BEST PRODUCTION

NET ZERO HOME

Terra View Custom Homes Ltd., Guelph, Ont.: “The Avonlea Elevation C,” with EnerQuality, Building Knowledge of Canada Inc. and Bluewater Energy Inc.

chba.ca/housingawards

Branthaven Homes Best Website

Armour Heights Developments Best Mid to Highrise Planned

Mountainview Building Group Best Bathroom

WEHBA WINS NATIONAL HONOUR FOR TOP LOCAL HOME BUILDERS’ ASSOCIATION

The West End Home Builders’ Association (WEHBA) has been awarded the Home Builders’ Association of the Year Award at the Canadian Home Builders’ Association (CHBA) Leadership Awards.

This significant national industry recognition acknowledges the hard work, ground-breaking changes and strategic initiatives put in place over the past year. The award recognizes overall excellence from across the country by a homebuilders’ association for 2022, for delivering a strong and positive voice for the industry and for supporting the business success of members and their ability to provide affordability, quality and choice in housing for consumers.

In 2022, WEHBA finalized and approved a new strategic plan to guide the association for 2022 to 2024, and took bold steps through advocacy efforts, resulting in important public policy changes towards addressing the housing crisis. WEHBA also strengthened the member experience, pivoted its communication efforts, and managed to grow the membership and quality of services.

The association also significantly increased its community presence and involvement, through numerous community initiatives and by forming partnerships with organizations and institutions that share a similar vision and values.

“We are honoured to receive this prestigious national recognition and are grateful for the support and dedication of the WEHBA staff, members and partners,” says Terri Johns, WEHBA president. “We will continue our longstanding role as an advocate for the industry with various levels of government and we look forward to maintaining active engagement locally, provincially and federally.”

WEHBA member Tom Cochren of Thomas Cochren Homes also received national industry recognition, as he was named Member of the Year at the CHBA Leadership Awards, for his decadeslong contribution to the residential construction Industry. Over the past few years, the WEHBA has made major steps towards increasing

its marketing and advocacy efforts, substantially improving the membership experience and spearheading events and initiatives that support and benefit the local community.

WEHBA also received the top provincial and national honours for local homebuilders’ associations in 2019.

WEHBA CEO Mike Collins-Williams

Tom Cochren, Thomas Cochren Homes

building small town canada.

We start with location. We let the land decide what our communities should look like. We create simple yet remarkable amenities to bring families together. That sense of place helps to determine the design and character of each community’s Master Plan.

Ask yourself if what you’re looking for is a place to live – or a place to Live Remarkably.

LUXURY TOWNHOMES

Find your place at West&Post in Oakville

Branthaven will unveil its latest collection of brand-new luxury townhomes in the coveted West Oak Trails Oakville neighbourhood this year – West&Post.

SPECIAL REPORT

Outlook 2023 – why this will be a better year for homebuyers

Higher interest rates, concerns for the economy, inflation… 2022 wasn’t the easiest of years for prospective newhome buyers. But there are reasons to be optimistic about 2023.

ANALYSIS

Building the homes we need requires embracing change

Building the housing and work spaces future residents of the GTA need requires policy-makers at all levels of government to embrace change.

NEW COMMUNITIES

Find your dream at Fieldgate Home’s signature GTA communities

Fieldgate Homes is now open for purchasing by virtual sales appointments across the GTA. Explore these featured communities and contact the company today.

HOMEBUILDING

Live inspired across the GTA from StateView Homes

Last year was a strong year for StateView Homes, but 2023 looks to be its biggest year ever, with several new home communities across the GTA.

INSIGHT

We’re here now… but what’s over the horizon for the GTA new home market?

Fear not, prospective homebuyer... there is light at the end of the tunnel with regard to current housing market challenges.

THANK CONSTRUCTION INDUSTRY FOR ADVICE | REALTY INSIDER

MICHAEL KLASSEN

The outlook for the economy may be a little cloudy nowadays, but there are some things that remain constant in a sea of uncertainty. One is the importance of the construction and homebuilding industry to the economy in the GTA and Ontario overall. Yes, things have slowed some, as real estate is a cyclical business and recent circumstances have been unusual, to say the least. Throughout the cycles, however, new-home building soldiers on to create as many of the homes we need as possible.

In March 2022, Altus Group Economic Consulting and the Building Industry and Land Development Association (BILD) published a report called The Construction Industry Driving Economic Recovery which, of course, we were experiencing then. BILD retained Altus to conduct an analysis of the size and scale of the construction sector (new residential, non-residential, commercial and repair) and its role in the economies of the GTA and Ontario.

To give you an idea of impact, in 2021, the sector contributed approximately $60-plus billion to overall economic activity in the GTA alone, which helped support more than 235,000 person-years (unit of measurement for the amount of work done by an individual throughout the entire year) of employment in the region in the same year, as well as $17 billion in wages, salaries and

employee benefits. In that year, construction spending accounted for nearly eight per cent of the gross domestic product in both the GTA and Ontario, and construction investment in the GTA amounted to about 1.4 per cent of all GDP Canadawide. Annually, construction activity also generates significant tax revenue for all levels of government.

The report refers to total construction spending as a “pillar of strength” for the economy during the previous five years. During the period between 2016 and 2021 in Ontario, the construction industry was the fourth largest sector and the seventh-fastest growing sector out of 24. In other words, the construction industry was, and still is, vital to our economy.

Putting aside economic statistics, BILD, builders and developers contribute a lot to the greater community through donations, events to benefit and awareness of non-profit organizations and charities. Their generosity goes a long way to improving the quality of life for their customers and the residents in the areas around where they are building. From supporting Toronto’s SickKids Hospital to educational facilities and

arts organizations, professionals in the residential building industry add a deeper dimension to the concepts of “home” and “community.”

It’s easy to criticize the real estate industry without taking the big picture into account. Today’s prices and designs are far from the whims of builders. They are restricted by municipal and provincial controls that keep them factoring in continually rising approval and development costs, which amount to approximately $1.9 billion per year at the municipal level, along with $216 million per year in parkland cash-in-lieu revenues.

It will be interesting to see the picture that is painted of 2022 and 2023 when they are available. Regardless of circumstances, we owe a debt of gratitude to the construction industry for helping to keep our economy buoyant in all climates.

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Michael Klassen is the Broker of Record, Eleven Eleven Real Estate Services. Based in Toronto, this firm is a residential preconstruction listing brokerage. 1111realty.ca

MISSISSAUGA’S WATERFRONT

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COMING TO UPPER MISSISSAUGA

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NEW HOMES, NEW OPENINGS

DISCOVER THE MANY NEW FIELDGATE COMMUNITIES

At Fieldgate Homes, the company has been changing and shaping the GTA and southern Ontario landscape for more than 65 years – building awardwinning master-planned communities and residences – cherished by families like you for generations. Through consistent community engagement, Fieldgate homes are designed to meet the contemporary needs and wants of today’s homebuyers.

You are considered family. That’s the Fieldgate assurance. The company’s exceptional quality is marked by superior construction,

innovative designs, unmatched attention to detail, attentive customer service, and the guarantee that when you buy in Fieldgate’s signature communities, you are truly home.

Fieldgate Homes is now open for purchasing by virtual sales appointments across the GTA. You can connect with the company by phone, video chat or email for a secure and convenient homebuying experience. Teams are waiting to help you find your perfect Fieldgate home. Explore these featured communities and contact the company today.

NORTH YORK: KENNETH & HOLMES

Move-in ready townhome available now – only one remains for sale

Make the most of your opportunity to own in the heart of North York with a move-in ready townhome, with two parking spaces and two lockers included, now available at Kenneth & Holmes. Live steps from Yonge and Finch in this boutique residential enclave connected to everything that matters. Register now at fieldgatehomes.com for your chance to own in this limited release before it’s too late.

PICKERING: SEATON

Seaton is now open – freehold townhomes with one- and two-car garages now available

A serene natural landscape merges with the convenience of incredible big city amenities at Pickering’s awaited Seaton community, now open. Live at the crossroads of classic and contemporary with a remarkable collection of freehold two- and single-car garage townhomes, with up to four bedrooms in a skillfully designed community setting. This new community truly has something for everyone with Pickering Town Centre, beautiful Lake Ontario, shopping, greenspaces, restaurants, Toronto’s eastern border and so much more just minutes away. Be first to own during the Seaton Grand Opening by registering now at fieldgatehomes.com.

AJAX: ATOWNS

Ajax final release – urban townhomes

The final release of stunning urban townhomes at the aTowns Park Collection in Ajax is now open. At Bayly Street and Salem Road, discover new family-sized residences backing onto open greenspace, a series of parkettes, sports court, and more, all connected by winding walking trails weaved throughout.

Better still, live surrounded by modern amenities mere moments to Lake Ontario.

Get the most out of Ajax’s bustling downtown area and enjoy great shopping, tasteful dining, convenient GO Transit, easy access to Hwy. 401 and so much more all nearby. Register now at fieldgatehomes.com.

SHELBURNE: EMERALD CROSSING

Shelburne final release – 36- and 40-ft. singles

The final release at Emerald Crossing is now open. Discover a beautiful country landscape surrounded by every modern convenience imaginable in Shelburne’s most anticipated new home community. Enjoy a collection of 36- and 40-ft. singles available now just minutes from big brand outlets, remarkable restaurants, breathtaking greenspaces, ski hills, golf courses and so much more.

Shelburne has been Canada’s second-fastest growing municipality, so there’s no better time to get in on its best new home opportunity. Register now at fieldgatehomes.com.

IMPRESSIONS: NEW KLEINBURG

Coming soon – Grand Opening of freehold townhomes, semis and singles

New Kleinburg is a community of inspired family residences in a beautiful setting just moments from the heart of historic Kleinburg. With the future Hwy. 427 extension just minutes away, a new community school and excellent urban amenities close at hand, life in Kleinburg has never been more convenient.

Coming soon, discover a remarkable collection of expansive one- and two-car freehold townhomes, semis and singles in this beautiful master-planned community. Register now at fieldgatehomes.com.

THE CRESCENTS: BRAMPTON

Coming soon – Grand Opening of freehold townhomes and singles

Experience a master-planned community that surrounds you with Brampton’s finest at The Crescents. A collection of 30-, 38-, 45- and 50-ft. singles and freehold townhomes – on mostly cul-de-sac streets –just steps from Conservation Drive Park and Heart Lake Conservation Park. Immerse yourself in the city’s unmatched urban amenities, schools and services.

Forge new connections with the convenience of Ontario’s fastest transit network, or stroll through the incredible greenspace with woodlands, parks and trails. Find the perfect place for your growing family in the city, against a vibrant backdrop of culture and energy. Register now at fieldgatehomes.com.

MILTON: VALLEYLANDS OF SIXTEEN MILE CREEK

Coming soon to Milton – executive 30-, 36- and 43-ft. detached singles

Introducing executive riverside living in a natural enclave setting with Valleylands of Sixteen Mile Creek, coming soon to Milton. Take advantage of your rare opportunity

to own 30-, 36- and 43-ft. detached riverside residences with lots backing onto Sixteen Mile Creek. Moments to southern Ontario’s most acclaimed golf courses and protected greenspaces, retail and restaurants, schools, services and access to the most convenient transit options, embrace a lifestyle unlike any other in Milton.

Register now at fieldgatehomes. com for exclusive updates and priority purchase opportunities on Valleylands of Sixteen Mile Creek.

WEST WHITBY: WHITBY MEADOWS

Grand opening coming soon – new release of freehold townhomes, semis and singles

A new release is coming soon with the Grand Opening of Whitby Meadows Phase 3. Take advantage of spectacular residences in one of the GTA’s most popular communities with all-new townhomes, semis and 36and 42-ft. detached designs. Find a master-planned community offering west Whitby’s best lifestyle near shopping, restaurants, Iroquois Park Sports Centre, Whitby GO Station, Heber Down conservation area, excellent schools and more. Register now at fieldgatehomes.com.

STOUFFVILLE: CITYSIDE

Coming soon – Grand Opening of 36- and 40-ft. singles

Make your dream home come true in an incredible community setting, just moments from Stouffville’s best amenities. Featuring a new release of 36- and 40-ft. singles, embrace city sophistication and country charm from an ideal neighbourhood located close to Markham, Hwys. 404 and 407, and the Stouffville GO Station. Register now at fieldgatehomes.com.

NORTH OSHAWA: DREAMSCAPE

Register for the Grand Opening of townhomes, 30-, 36- and 42-ft. detached singles

Enjoy affordable living in north Oshawa with the incredible residences of Dreamscape now open. This highly anticipated new home community offers a superb mix of expertly designed and crafted townhomes, 30-, 36- and 42-ft. singles moments to the best modern amenities Durham has to offer. Big box stores, bespoke boutiques, delicious dining, great schools, trails and conservation areas await those who call Dreamscape “home.” Register now at fieldgatehomes.com.

WE SEE AND SELL YOUR VISION

Customized sales and marketing services for builders

We are a specialized pre-construction brokerage with a custom project approach. We know that one sales model does not fit all builders or projects. Instead, we listen to our clients to learn their individual needs, which ensures each project they launch sets a new benchmark for success.

Our services extend beyond what you see on the sales floor to include floorplan design, APS review, marketing, and achieving maximum revenue for our clients. Simply put, we see and sell your vision.

HOMES Magazine salutes the following companies for their dedication to customer service.

After-Sales Service is an essential component of a healthy new home industry. These builders are proud of their commitment to the principles of excellent customer service.

CUSTOMER SERVICE

SPRING VALLEY VILLAGE

NATURAL LIVING FROM BALLANTRY HOMES

Life between the woods, the stream and the pond. Can you picture it? The trees swaying gently overhead, while the stream softly beckons. Skipping stones on the pond on a summer’s day, or exploring the nature all around you. It’s not just a dream. This is life at Spring Valley Village.

A rare, magnificent collection of all-detached homes nestled within its own private enclave, Spring Valley Village recalls a lifestyle rooted in connection. Where the streets are safe for children to play, and schools are just walking distance away. Where spectacular detached homes come with private backyards, with greenspace just beyond. Where a well-established neighbourhood provides the comfort you crave, and the convenience you need. This exclusive collection offers the prestige you’ve been seeking, in the location you love.

THE ULTIMATE BRAMPTON SETTING

Close to the junction of Queen Street West and James Potter Road, everything you need is close to home. Two major grocery stores, just down the road. A highly-rated public elementary school within a 10-minute walk, with a secondary school right across the street. Catholic school options are just a short drive. Parks. Playgrounds. Walking trails and community centres. The lifestyle you’ve always wanted for your children, with the convenience of everyday amenities. What more could you ask for?

Of course, Brampton’s urban energy is always ready to rise to that challenge. Between trendy restaurants, upscale shopping opportunities, and a vibrant local culture, it’s a city that has made a name for itself within the dynamic

urban landscape of the GTA. Stop to shop at the Bramalea City Centre, just 15 minutes away. Cultural landmarks at the Rose Theatre and Peel Art Gallery are both only 10 minutes from home. And when you’re looking to go farther afield, Hwys. 401, 407, and 410 are always close by for a quick commute into Toronto.

LIMITED RELEASE, UNLIMITED LUXURY

A community of all-detached homes within a city setting has become a rarity, but at Spring Valley Village, this is the blueprint for every home. Artful architecture enhances the neighbourhood through a welldeveloped streetscape of natural clay brick, with traditional stone, stucco and aluminum accents. Stately columns to create an elegant entrance. And of course, beautiful landscaping to integrate

the community into the rich natural backdrop of Spring Valley Village.

Stepping inside, breathtaking interiors transform your home into a showstopping masterpiece, expertly tailored to your tastes. Sleek modern kitchens showcase custom-quality cabinetry with extended-height uppers, gleaming quartz countertops with a bold modern profile, and some with a convenient walk-in pantry. Luxurious bathrooms with frameless glass showers, engineered hardwood flooring throughout the main living spaces, and pristine ceramic tile for durability in all bathrooms, laundry and kitchen. And with exceptional craftsmanship in every detail, the quality and comfort is all but guaranteed.

Of course, a home isn’t just about looks. A home has to work for your lifestyle. Spring Valley Village has been carefully designed to support the needs and wants of modern homeowners, with spacious layouts of more than 3,000 sq. ft. inviting you and your family to grow and thrive. Open-concept living spaces create natural flow throughout the home, and encourage the family to come together. Floorplans of four to six bedrooms offer space for the whole family, and add versatility to every design, with the opportunity for a home office, den or guest room. Whatever your needs, these dynamic layouts are here to provide.

BUILDING DREAMS ACROSS THE GTA

Like the quality houses it builds, Ballantry Homes is a company with a solid foundation built upon a commitment to consistently delivering award-winning homes and communities.

In 1989, two men made the commitment to pursue a dream they both shared – to create and bring to fruition a new-home building company which met and exceeded every expectation of the modern homebuyer. David Hill and Bobby Bhoola were a perfect pairing for this enterprise, with extensive expertise

in homebuilding and land and commercial development, preparing them for success.

The partners shared a goal which has become the cornerstone of Ballantry Homes: To build with the finest quality in design, materials, construction and especially to offer exceptional customer service that cultivates long-lasting homeowner relationships.

Having built some of the finest homes and master-planned communities in and around the GTA, Ballantry’s reputation for meticulous

attention to detail and craftsmanship has earned the trust of thousands of satisfied homeowners across more than 35 communities, and 10,000 beautiful homes.

Today, Ballantry Homes is bringing modern family living to one of Brampton’s finest neighbourhoods. Live between the woods, the stream and the pond in an amazing alldetached community at Spring Valley Village.

LOOK OUTSIDE TORONTO FOR ATTRACTIVE RESIDENTIAL DESTINATIONS

Nowadays, with new home and condominium prices the way they are and with so many people working from home, looking for a residential destination outside of Toronto, and even the GTA, can be rewarding.

Take Pickering in Durham Region, for example. Boasting a high quality of life and the highest diversity rate in Durham, this inviting city borders Toronto, Markham, Rouge National Park and part of Lake Ontario’s shoreline, including the spectacular Frenchman’s Bay.

In addition to natural beauty, Pickering is packed with modern amenities, including an award-winning public library, top-quality schools and exciting recreational opportunities. In the downtown area, you’ll find Chestnut Hill Developments’ The Grand at Universal City Condos. This community is mere minutes to Pickering GO Station, Pickering Town Centre and the lake, and has a retail and commercial space at ground level for the utmost in convenience. Prices begin from the high $500,000s.

A little farther east, Whitby is home to Brookfield Residential’s Station No. 3, a collection of one- to three-bedroom plus den suites with premium features and finishes in sizes up to 1,200 sq. ft. Prices begin from just the mid $500,000s.

The community is located steps to Whitby’s four corners, in the heart of downtown, close to access to Hwys. 401, 412 and the Whitby GO Station, as well as shops, restaurants

and other local schools and services. Residents will also be able to enjoy amenities right in their own community. Whitby also features one of the prettiest sections of the Lake Ontario shoreline, with three beautiful beaches where people can enjoy everything from picnicking and expending energy in the playground to strolling along the waterfront. For those who love water sports, Whitby has a boat launch and marina.

And for something different, look west to Alberta, which is attracting new residents at record rates. Multi award-winning Averton Homes offers two townhome collections in Alberta priced from the high $400,000s.

In Edmonton, construction has started on Pivot in the tree-lined neighbourhood of Rutherford, close to schools, shopping and more.

In January, the CHBA released its 2022 Municipal Benchmarking Study ranking Edmonton a national leader in finding solutions to housing affordability and supply issues. Did you know that in Edmonton, there are no closing costs or land transfer taxes – just legal fees? That saves between $30,000 and $50,000 in costs typically incurred in Ontario. For

investors, Edmonton offers a rental guarantee by the builder for two years from $2,300 to $2,400 per month, depending on the design. Many of the towns feature a private patio or rooftop terrace (as per plan).

Northwest of Edmonton in St. Albert, Midtown is a community of loft-, two- and three-bedroom townhomes. Canada’s first Built Green community is graced with 45 acres of walkable local amenities. St. Albert is home to the Capital Region’s only provincial park, Alberta’s largest public rose garden and the largest outdoor farmers’ market in Western Canada.

Think outside the Toronto box and look at purchasing your next home or condo where you will enjoy the best return-on-investment over time.

Debbie Cosic is CEO and founder of In2ition Realty. She has overseen the sale of more than $15 billion worth of real estate. With Debbie at its helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. in2ition.ca

DEBBIE COSIC

Station No. 3 by Brookfield Residential

WHAT DO RISING RATES AND DROPPING PRICES MEAN

FOR HOMEBUYERS?

JESSE ABRAMS

It’s safe to say that rising rates and inflation have officially overstayed their welcome. The cost of living is deeply impacting Canadians, and the economic uncertainty has left many feeling stuck and unsure what to do next.

However, there is a potential thread of silver lining worth looking at. Home prices have dropped from record highs, and affordability is looking a lot better than it did a year ago. With the supply of homes trending higher, we may see prices drop even further in the coming months. The current environment, although uncertain in some respects, is showing some promise for homebuyers.

POTENTIAL GOOD NEWS FOR FIRST-TIME BUYERS

While it’s natural for buyers to be wary of rate hikes, it’s important to

SCENARIO ONE

Home price = $900,000

Down payment (10%) = $90,000

Rate = 2.5%

Mortgage term = 5 years

Total mortgage = $835,110

Monthly payments = $3,746

Interest paid = $96,682

Principal paid = $128,104

Balance = $707,006

see how the drop in prices comes into play. For first-timers, it might feel like you missed an opportunity to buy a home at a record-low interest rate. While that may be partially true, there are many other factors to consider. Oftentimes, the heaviest lift for first-time buyers is coming up with a down payment. With prices currently dropping, this is becoming a lot easier as less money is required up front.

It’s important to remember that you date a rate and marry a home. Although rates are high right now, they are expected to drop in the near future, and prices are down more than 10 per cent (in some areas and categories) from their highs when there was hysteria in the market a year ago. So, homebuyers can actually save more money over time by buying today, even though rates are higher. Here’s a breakdown to help you better understand.

When comparing these scenarios, you can see that there is a $90,000 difference in the price due to a lower home price in Scenario Two. In Scenario One, the buyer is left with a

SCENARIO TWO

Home price = $810,000

Down payment (10%) = $81,000

Rate = 4.5%

Mortgage term = 5 years

Total mortgage = $751,599

Monthly payments = $4,178

Interest paid = $159,398

Principal paid = $91,260

Balance = $660,339

larger balance of $707,006 compared to a balance of $660,339 in Scenario Two at the end of a five-year term. This is a $57,000 difference – which also bears interest, so it will increase over time. So, even with higher rates, the cost of ownership over the lifetime of your home is fairly similar after five years ($7,000 more today), but less overall due to less principal owed.

POTENTIAL TO UPSIZE YOUR HOME

Housing prices in some areas and categories across the country are anticipated to drop as much as 15 per cent. If you’re expanding your family or wanting more space, this may provide a window of opportunity. For example, 15 per cent off an $800,000 home is $120,000. But if you’re looking to buy a $1.2 million home, that’s a $180,000 drop – resulting in $60,000 of total savings. This dip in the market not only increases your affordability, it will also expand your search of available homes.

While uncertainty in the market can lead us to endless conclusions, history has proven over and over again that everything is temporary and cyclical with opportunities always presenting themselves. The key is stay informed about what’s going on, engage professionals for advice and always stay within your budget before any decisions are made.

Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm. thinkhomewise.com

MORE OPTIONS FOR YOUR NEW HOME –

LONG-TERM ADAPTABILITY

When choosing to invest in a new home, buyers usually think about both their short and long-term needs. With the recent provincial changes, new Ontario lowrise homeowners have the ability to adapt their homes to current and future family situations and increase their passive income.

For example, a young couple can now add a basement or attic apartment rental to help with mortgage costs, or an elderly couple looking to downsize could divide their home into two units, allowing them to stay in their community as they age. The new Ontario-wide regulations present new-home buyers with numerous opportunities to increase their income and adjust their homes to adapt to changing circumstances.

In fact, any detached, semidetached or townhome property can add up to two apartment units (equaling a total of three units) on a single piece of urban residential land. There are many ways a homeowner can do this. It can be through an attic apartment, a basement apartment, or even a vertical split. Homeowners could build an in-law suite, a guest house, convert a garage to a livable housing unit or even build a new accessory dwelling in the yard of their property. These changes provide lowrise homeowners with more options for their properties than ever before. If a homeowner needs to add an apartment to supplement their mortgage, they are now able

to do so, whereas before this was often only a possibility through extensive compromises with the local government.

These new housing options also help build better communities where families can live in the same neighbourhoods longer and contribute to healthy densification of our communities. More populated neighbourhoods often translate to more services, infrastructure, community centres and an enhanced local commercial district that supports the survival and growth of local businesses. These provincewide changes give young people the chance to afford to live in the neighbourhoods they grew up in, and at the same time allow seniors to age in place.

These regulatory changes have a major impact on how we plan for our family’s future and our longer-term housing needs. Owning a home now gives us the opportunity to modify our residential unit according to our needs, at the same time increasing our income and the value of our property. Having these adaptable options in place helps to ensure our new homes can meet our needs today and tomorrow.

Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’

Association. westendhba.ca.

MIKE COLLINS-WILLIAMS

IS YOUR HOME AT RISK?

TITLE FRAUD AND HOW TO PROTECT YOURSELF

JAYSON SCHWARZ, LLM AND HAMZA AHMAD, JD

In these most uncertain times, we worry about everything from identity theft to scams where people try to take our money. Your home is one of, if not your most important asset, and you need to protect it.

There has been widespread media coverage recently about title fraud affecting property owners, which may be of concern to homeowners or prospective homebuyers. Most of the stories have had one common theme: The property owner was away from home for a significant period. During this absence, fraudsters took several steps to impersonate the owner and sell the property to an innocent third party.

While COVID-19 kept us confined for some time, we cannot all stay at home indefinitely to prevent title fraud, so below are a few things you should know.

1. WHAT TO LOOK FOR TO PREVENT REAL ESTATE TITLE FRAUD

To fraudulently list a property, there may be “For Sale” signs, appraisals and prospective purchasers around the home, so it’s good to have trustworthy neighbours to alert you of suspicious activities.

Keep an eye on your mortgage statements and payments. One helpful thing to know is that if someone (typically the lawyer acting for the seller) requests a mortgage discharge statement, most lenders will pause your mortgage payments

in anticipation of the payment. One of our clients contacted us recently because they noticed red flags for real estate fraud on their property. We suggested they change their mortgage payment frequency to weekly, so if someone did order a discharge statement for their mortgage, they would know as soon as possible.

In addition to real estate specific protections, follow the usual steps to protect your identity: Shred documents containing personal information, check your credit report periodically and keep your passwords secure.

2. WHAT PROTECTIONS ARE AVAILABLE?

In the event of a fraudulent transfer, most property owners will be protected through the Land Titles Assurance Fund and/or their owner’s title insurance policy.

The Land Title Assurance Fund was created pursuant to the Land Titles Act of Ontario and one of its purposes is to reimburse those who have been wrongfully deprived of land because some other person is registered as the owner, through fraud (such as the circumstances described above).

Title insurance is another form of protection. Title insurance provides coverage for post-closing fraud. If there is a fraudulent transfer to a property you own, then your title insurance company will take action to correct the issue (such as work to have the property transferred back to you, or pay you for the value of your property).

It is important to note that your title insurance policy has a limit; for example, our preferred title insurance

company provides coverage for the initial purchase amount, but the coverage increases with the fair market value of the property to a limit of 200 per cent of the initial amount (your policy may differ). What does that mean?

If your property value increases significantly after the purchase of the title insurance policy, you may not have enough coverage. Here is an example: You purchased your home in Toronto for $500,000 seven years ago, and today it is worth $1.4 million. Not an unusual occurrence. You are covered only to $1 million if defrauded. We recommend all of our clients consider increasing the coverage to today’s values.

Finally, keep in mind that you may remember seeing something about a title insurance policy when you last completed a refinance, but that was most likely a lender title insurance policy, so make sure you are aware of the details of your owner’s policy.

Title fraud is ultimately rare, but horrible if it happens to you, and can result in terrible tragedy and cost. We recommend that all homeowners, whether new or existing, should know how this kind of fraud occurs, how to prevent it and what to do if it happens.

Jayson Schwarz LLM is the founding senior partner of Schwarz Law Partners LLP and Hamza Ahmad is the lead partner residential real estate. schwarzlaw.ca.

Style your bookcase or open shelves and elevate your space Express your

shelf

by LISA KOOISTRA

Maybe it was the arrival of Zoom calls and we all needed a cool-looking background, or we finally just got wise to the fact that bookcases and shelves can be great styling tools, but these standard items have really come into focus the last couple of years. Outside of a video view, a well-styled open shelf can elevate and enhance the rest of a room, adding character and interest, and yes, function, too.

I often use open shelving in my own designs, and it’s as requested and loved by my clients as it is by me. In one project, we aligned the theme of the accessories in relation to the room’s broader esthetic, which featured wood and organic elements, with a neutral palette. Our shelf display had muted tones, with a mix of objects and materials that resonated with the rest of the space. Here are some of my personal tips to style a bookshelf.

Start from scratch

This is my best advice when decorating, whether it’s a bookshelf or a whole room. Clearing out everything may sound overwhelming at first, but it makes lighter work of the styling itself. It’s also the best way to take stock of the shelf and the space around it, which will impact what goes on it.

Be selective

When choosing your accessories, do so wisely, as there is a fine line between a “collection” and “clutter.” The space on your shelf is precious, so don’t waste it on pieces you don’t love, and certainly don’t waste it by cluttering it up again. Whatever you choose, make sure your selections have the desired impact in the room.

Look for variety

Try incorporating an assortment of items in alternate groupings, such as books mingled with photos, art, baskets and pottery. Vary your material selections as well, with a mix of pieces in wood, metal, glass and stone, in a range of textures. Plants are a great addition, too.

Photo : Blynda Dacosta

Photo : Stephani Buchman

Add colour

If you don’t choose books based on their covers (really, you shouldn’t), consider wrapping them in coloured paper to bring a little life to your displays. Add further visual interest to your display by painting or wallpapering the back panel of the bookshelf, or the wall behind it if it has an open back.

While this advice does the whole “don’t judge a book by its cover” thing, go ahead and treat your books like true accessories, with an eye to colour and pattern. Believe it or not, books come wrapped in some truly beautiful covers that, in my opinion, can easily be placed on a shelf alongside framed or canvas art.

Create balance

When arranging your accessories, consider the weight and size of each object in relation to the others, and the bookcase itself. Smaller items organically “float” to the top, while the larger ones gravitate toward the bottom. Be sure to balance your display with some empty space. When you think you’re done, take a step back and adjust the display until you’re happy with the result.

When grouping your collections, work in odd numbers, which creates symmetry and is generally pleasing to the eye. Place the tallest or largest item in the centre of each mini arrangement, with the smaller items on either side.

Tell the story of you

A bookshelf isn’t just a place to put your stuff; it’s an opportunity to showcase your style, personality and personal interests. It’s a way to infuse your home with colour, texture and vibrancy. It helps tell the story of you. Put some thought into your accessories and arrangements, and what it is you want to say. Alternate your display with the changing seasons, your evolving interests and new experiences, or just on a whim. Consider it your blank canvas.

Lisa Kooistra is the creative director and principal designer for Lisa Kooistra Design. This multi-disciplinary design firm has become known for creating exceptional well curated interiors and custom builds. lkdesigns.ca IG: @lisakooistradesigns

Photo: Blynda Dacosta

Photo : Mike Chajecki

Photo: Mike Chajecki

Mindful changes for an eco-friendly life in 2023 and beyond

greener A

by SARA DUCK

There is no denying that these days, climate change and the Earth’s well-being are on the minds of many people. So, is it your goal to live greener in 2023? I hear you. While it may seem like a monumental task, implementing small changes around your home can lead to a reduction in landfill

waste, cleaner air and the preservation of nature. Here are five ways you can start living a greener life.

Eco-friendly renovations

Are you planning a home reno this year? Why not incorporate sustainable touches? For example, flooring options such as bamboo and cork are renewable resources that have less of an impact on the environment compared to hardwood. Energyefficient appliances can help reduce energy waste, lower natural gas and water use while saving your household money. And paint with no or low volatile organic compounds (VOCs), and eco-friendly wallpaper creates less waste while being made, and can cut down on airborne toxins.

Conscious shopping

Thinking twice about purchases enables you to be mindful of what you really need to buy. Being mindful can lead to better purchasing decisions. For instance, with a bit of research (hello, world wide web!) that amazing marble coffee table you’ve been swooning over may be available gently used at a fraction of the price. Buying used items helps reduce carbon emissions and saves on resources such as water and energy. If buying used isn’t an option, then why not buy locally? Supporting small businesses helps keep the community thriving and minimizes carbon emissions, not to mention a more personalized shopping experience as well.

Compost it

There are so many benefits to starting a compost. Not only does it keep food waste from being put in plastic bags that end up in landfills, but adding compost to your soil and yard is rich in organic nutrients, reducing the need for pesticides or synthetic fertilizers. Composting can save you money and helps the environment. It’s a win-win!

Pause on plastic

Did you know that one million plastic bags end up in the trash every minute? And that plastic makes up 80 per cent of all marine debris. Shocking, right? There are simple things we can do to reduce our plastic use. Whether you are buying food or shopping for clothing, bring a recyclable tote along. Using a reusable shopping bag can decrease reliance on plastic bag production and protect the environment from plastic pollution. In the kitchen, why not substitute your plastic wrap for beeswax wrap? Beeswax is better for the environment and more breathable than plastic, ensuring your food stays fresher for longer. And, of course, cutting down on plastic bottle use is a must. With a little forethought, having a stainlesssteel reusable bottle with you will cut down on the need to buy plastic when you’re in a pinch.

Upcycle, sell, or donate

Furniture can take up a lot of space in a landfill. Do you have a piece of furniture you want to shift? First, ask yourself, can this piece be upcycled? With a new coat of paint and cool hardware, you can transform a dated piece of furniture into a one-of-a-kind statement piece. If upcycling won’t work, you could sell the piece on accounts such as Kijiji or Facebook Marketplace. And, if selling is a nogo, give a new life to that piece of furniture by donating it to places such as Value Village. Remember, someone’s trash is another person’s treasure.

With more than 15 years’ experience as a magazine editor, writer and content creator, Sara brings her passion for design and decor to our pages each issue. Instagram: @bysaraduck

climate change and the Earth’s well-being are on the minds of many people.

The latest properties in the Greater Toronto Area to keep your eye on FIND YOUR NEXT HOME

BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA

MAPS

Locate properties using the map on the following page

HOT PROPERTIES

The latest properties in the Southwestern Ontario Area to keep your eye on FIND YOUR NEXT HOME

BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA

MAPS

Locate properties using the map on the following page

MAPS

Niagara

From knockdown to knockout

The National Home Show Returns!

Come see the largest North American display of all things home. Hang out with chefs and sample delicious food in the Outdoor Kitchen, walk through the Bonneville Feature Home + Garden Suite, learn from experts in the Speaker’s Lounge, and discover innovative products and great deals from more than 500 vendors!

Tickets and info at nationalhomeshow.com

WE MUST PLAN TO MEET NEED FOR DEDICATED RENTAL

HOUSING

Did you know about a third of Canadians rent their home, rather than own? Renter households may be less numerous than owner households, but they have been growing at more than twice the pace, according to Statistics Canada. As rapid population growth and housing supply and affordability challenges lead more families to choose renting, causing rents to increase, policy makers must look for ways to build more homes specifically for longterm rental accommodation, also known as purpose-built rentals.

Purpose-built rentals represent a vital segment of the GTA and Ontario’s housing stock. Unlike other forms of rental housing, such as condominiums rented out by individual owners, they are a dedicated form of rental, providing security of tenure. Purpose-built rental buildings also tend to offer a greater share of two- and threebedroom units per building, better accommodating families.

In the GTA, purpose-built rental units represent approximately a seventh of all the housing stock available, rental and owned, but slightly less than half of the number of units available for rent. Unfortunately, the region’s stock of purposebuilt rental housing is aging, and new supply is coming to market at much lower levels than other forms of housing.

Almost 90 per cent of the GTA’s purpose-built rentals were built more than 40 years ago. The golden age of building purposebuilt rentals was between 1960 and 1979, when 223,954 units were built. By comparison, only about 23,590 purpose-built rental units were built between 2000 and 2022. The rate of purpose-built rental construction increased after 2018, with the removal of rent controls, but that surge appears to be abating.

With demand for rental housing expected to grow in the next decade, why are we not building more purpose-built rentals? The answer lies in simple economics. Building purpose-built rentals, particularly in major cities in the GTA, is more expensive for developers than building other forms of housing because they have to invest more capital upfront and have to wait longer for the project to become profitable. These challenges are exacerbated by the way in which taxes and charges are applied to purpose-built rentals.

Earlier this month, the Building Industry and Land Development Association, along with our colleagues at the Federation of Rental-housing Providers of Ontario, released a report on the current state of the market for purpose-built rental developments in the GTA. It is available at bildgta.ca. We hope that policy makers will consider its recommendations on how to enable purpose-built rental development to help meet the present and future housing needs of GTA residents.

Dave Wilkes is President and CEO of the Building Industry and Land Development Association (BILD), the voice of the homebuilding, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter, @bildgta or visit bildgta.ca.

DAVE WILKES

A Home for Your Memories