Set overlooking the Scarborough Bluffs, directly connected to the water via a trail right outside your door, Kingside Residences offers the best of both worlds.
At this 10-storey boutique building you’ll fi nd urban conveniences and easy transit connections, complemented by the best of nature. Bringing you an urban lifestyle infused with wellness and ease that invites a retreat from everyday life.
COMING SOON TO CLIFFSIDE VILLAGE
Illustrations are artist’s concept only. E&O.E. April 2023.
The GTA housing market continues to show signs of resurgence, both the seasonal spring uptick that we usually see this time of year, as well as positive developments brought on by ongoing initiatives of the provincial and many municipal governments.
Indeed, add to this, interest rates that have stabilized and inflation that is on the decline, and we have conditions that are ripe for renewed growth in the GTA real estate market.
And more good news could be on the way. As Building Industry and Land Development Association (BILD) President and CEO Dave Wilkes writes in his Industry Report column on page 50, the province is proposing changes to the provincial policy statement (PPS), the document that governs land use planning in Ontario.
A new consultation proposes to combine the PPS and another policy document that governs how and where housing will be built – the Growth Plan for the Greater Golden Horseshoe – into a single document that prioritizes housing. If adopted, this would represent a significant shift in planning policy that will simplify the addition of new housing in the province. In short, it would be a significant step toward addressing the very complex problem of housing supply and affordability.
WAYNE KARL EDITOR-IN-CHIEF
Condo Life Magazine
EMAIL: wayne.karl@nexthome.ca
TWITTER: @WayneKarl
Importantly, this action would be a huge benefit to of all those prospective new-home buyers who are beginning to emerge from the sidelines.
For more insights into the importance of the homebuilding sector, turn to page 21 for our Who’s Who special section, which details the best of the best in all sides of the industry.
And in the next issue of Condo Life, we’ll include a report on the recent BILD Awards, a celebration of the excellence in homebuilding in the Greater Toronto Area.
The GTA really is blessed with excellent new home developers, builders, marketers, sellers and other contributors. And when you’re ready to take advantage of the emerging homebuying opportunities, know that you’re dealing with the absolute best of the best.
PERSONAL FINANCE | JESSE ABRAMS
Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com
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
REAL ESTATE PRO | BARBARA LAWLOR
Barbara Lawlor is President and CEO of Baker Real Estate Inc., and an indemand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in Canada and overseas. baker-re.com
TRREB REPORT | JASON MERCER
Jason Mercer is Chief Market Analyst the Toronto Regional Real Estate Board. His sought-after market analysis helps realtors and their clients understand housing trends and underlying economic drivers in the GTA. trreb.ca.
STAT CHAT | BEN MYERS
Ben Myers is President of Bullpen Consulting. Ben provides pricing recommendation, product mix, and valuation studies on new residential housing developments for builders, lenders and property owners. bullpenconsulting.ca
LEGALLY SPEAKING | JAYSON SCHWARZ
Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. He can be reached by visiting schwarzlaw.ca or by email at info@schwarzlaw.ca or phone at 416.486.2040.
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
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The GTA new home market picked up slightly in March, compared to the previous month, the Building Industry and Land Development Association (BILD) reports.
There were 1,277 new home sales in March, which was down 70 per cent from March 2022, and 65 per cent below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.
Condominium units, including those in low-, medium- and highrise buildings, stacked townhouses and loft units, accounted for 893 units sold in March, down 73 per cent from March 2022, and 63 per cent below the 10-year average.
There were 384 single-family home sales in March, down 57 per cent from March 2022, and 67 per cent below the 10-year average. Single-family homes include detached, linked and semi-detached houses and townhouses (excluding stacked townhouses).
Total new home remaining inventory was 14,479 units, slightly lower than the previous month, but up substantially from last year’s record low in March. It included 12,887 condominium units and 1,592 single-family homes, representing about 10.5 months and six months of inventory, respectively, based on
average sales for the last 12 months. Remaining inventory includes units in preconstruction projects, in projects currently under construction, and in completed buildings. A balanced market has nine to 12 months of inventory.
“Sales of new homes may have been muted for the past few months due to short-term market conditions, but demand will inevitably return as GTA families resume looking for the homes they need,” says Dave Wilkes, BILD president and CEO. “That’s why we commend the provincial government on the further steps it took recently to address housing supply and affordability – the introduction of Bill 97, the Helping Homebuyers, Protecting Tenants Act, and a consultation about changes to the provincial policy statement, which governs land use planning. Both of
these steps will ultimately make it easier to add much-needed new housing supply in Ontario.”
“Overall, the new home market remains poised for an upswing, as inventory levels are robust and pricing crawls higher,” adds Edward Jegg, research manager with Altus Group. “With interest rates holding fast and the resale market strengthening, buyers have begun to re-emerge from the sidelines.”
The benchmark price for new single-family homes increased in March compared to the previous month, to $1.79 million, down 2.1 per cent over the last 12 months. The benchmark price for new condominium apartments increased in March compared to the previous month, to $1.11 million, which was down 10.8 per cent over the last 12 months.
The GTA housing market continued to tighten in April 2023, the Toronto Regional Real Estate Board (TRREB) reports. On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to sales meant there was more competition between buyers, supporting an improvement in selling prices since the beginning of this year.
“In line with TRREB’s outlook and recent consumer polling results, we are seeing a gradual improvement in sales and average selling price,” says TRREB President Paul Baron. “Many buyers have come to terms with higher borrowing costs and are taking advantage of lower selling prices compared to this time last year. The issue moving forward will not be the demand for ownership housing, but rather the ability to meet this demand with adequate supply. This is a policy issue that requires sustained effort from all levels of government.”
GTA realtors reported 7,531 sales through TRREB’s MLS system in April 2023 – down by 5.2 per cent compared to April 2022. In comparison to March 2023, sales increased on an actual and seasonally adjusted basis. On a year-over-year basis, new listings were down by 38.3 per cent in April 2023.
The MLS Home Price Index (HPI) Composite Benchmark was down by 12.1 per cent year-over-year in April 2023. Compared to March, the benchmark price was up on an actual and seasonally adjusted basis. The average selling price in the GTA was $1.15 million in April 2023 – down 7.8 per cent compared to $1.25 million in April 2022. The average selling price also increased compared to March, both on an actual and seasonally adjusted basis.
“As demand for ownership housing has picked up relative to supply, we are seeing renewed upward pressure
on home prices,” adds TRREB Chief Market Analyst Jason Mercer. “For a short period of time, higher borrowing costs trumped the impact of the constrained housing supply in the GTA. Renewed competition between buyers is once again shining the spotlight on the persistent lack of listings and resulting impact on affordability.”
“Lack of affordability in the GTA ownership and rental housing markets has been well-documented,” says TRREB CEO John DiMichele. “On top of this, households faced with steep price increases for basic goods and services have had to make tough decisions to adapt. It is time for governments to make tough choices as well. On average, every dollar a
household makes in the first half of the year goes to taxes. Governments need to provide more value for every tax dollar they collect and should be looking for ways to reduce tax burdens moving forward.”
In line with the general market trends, condominium unit sales and the average selling price were lower in the first quarter of 2023 compared to the same period in 2022. However, strong population growth, tight rental market conditions and improved first-time buying intentions will result in renewed growth in condo sales this year, according to the Toronto Regional Real Estate Board (TRREB).
There were 4,519 condominium apartment sales reported through TRREB’s MLS System in Q1 2023 –down by 42.9 per cent compared to 7,909 sales reported in Q1 2022. Over the same period, new listings were also down, but by a lesser annual rate of 19.9 per cent. This means that condo buyers did experience more choice compared to the first three months of 2022.
“Higher borrowing costs caused a temporary lull in condo buying activity,” says TRREB President Paul Baron. “However, recent Ipsos polling for TRREB suggests that first-time buying activity will pick up noticeably this year due, at least in part, to double-digit rent increases over the past two years. Despite increased interest rates, mortgage payments on a condo are now closer to the cost of renting for a lot of potential buyers. In addition, homeownership has the added benefits of equity growth and asset appreciation over the long term.”
The average price for condominium units sold in Q1 2023 was $700,566 –down 11.4 per cent compared to the average of $790,418 in Q1 2022. Approximately two-thirds of GTA condo sales took place in Toronto. The average selling price in Toronto was $726,664 in Q1 2023 – down by 10.3 per cent compared to the same period a year earlier.
“Housing market conditions have been tightening up in the GTA,” adds TRREB Chief Market Analyst Jason Mercer. “Home sales and selling prices are expected to improve as we move through 2023. Based on the expectation that first-time buying activity will increase this year, look for the condominium apartment segment to be one of the recovery leaders in terms of sales and price growth.”
In other TRREB news, Baron welcomes the recent decision by the City of Toronto to allow multiplexes to be built across the city.
“Toronto has a housing supply challenge and we desperately need to build more homes for families and singles if we are going to protect the Canadian dream of homeownership in our city for future generations,” he says.
“Council’s decision to permit multiplexes to be built across Toronto as-of-right is a major step forward in our city’s work to increase housing supply and improve housing affordability. It will effectively end
exclusionary single-family zoning in Toronto, an archaic rule that has kept homeownership out of reach for young families and single individuals for too long.”
Legalizing multiplexes will empower the development community to build more gentle density housing types, such as townhomes, duplexes, triplexes and fourplexes – the kinds of homes that suit growing families, singles and new Canadians.
“We urge all mayoral candidates to endorse this important change and commit to keeping it in its current form should they get elected,” says Baron. “Toronto cannot afford to go backwards on housing supply and affordability. We must continue to build more homes so future generations have a fair shot at achieving the Canadian dream.”
Birch Condos & Towns at Lakeview Village offers luxury lakeside living
Branthaven has launched Birch Condos & Towns in Lakeview Village, Mississauga’s visionary new master-planned waterfront community. Birch will be a rare 15-storey boutique condominium and exciting townhome collection in the first phase of this transformative lakefront community..
Building and development industry releases four-point plan to address Toronto’s housing supply crisis
The Building Industry and Land Development Association has released a four-point plan and comprehensive policy recommendations to address the city’s housing supply crisis, ahead of Toronto’s mayoral by-election on June 26.
CONDO LAUNCH
Oak Park – sophisticated living in Oakville’s Uptown Core from Ballantry Homes
Introducing the first phase of Villages of Oak Park, a stunning new condominium from Ballantry Homes that is destined to become a new urban landmark in Oakville’s Uptown Core.
The pros and cons of buying pre-construction when it comes to your mortgage
Buying pre-construction is typically a preferred option for several reasons, especially among first-time homebuyers. However, it’s essential to understand everything that’s involved before you sign on the dotted line and how major life changes may impact your affordability over time.
Why housing needs to be a priority in Toronto’s upcoming mayoral by-election Torontonians will head to the polls again in June. At a time when housing supply and affordability are among the most urgent issues facing the city, voters must pay close attention to candidates’ housing platforms and consider whether their policies will truly help address the city’s housing crisis.
Visit
Over the past two decades, the market for new condominium developments in Toronto has been booming. However, storm clouds may be looming as the sales of these units have decreased substantially year-over-year. In March 2023, data from the Building Industry and Land Development Association (BILD) showed that condominium apartments – including low-, medium- and highrise buildings, stacked townhouses and loft units – totalled 893 units sold. This latest data release indicated that sales in March are down 73 per cent from March 2022 and are 63 per cent below the 10-year average.
Higher borrowing costs have resulted in slower sales activity, and high inflation and government fees have hurt the viability of new condominium projects, leading to fewer launches. If there is less product to buy, there will be fewer sales, and investors and end-users cannot buy what doesn’t exist. However, with record numbers of sales over the Q2-2021 to Q12022 period, a slight market reset isn’t necessarily bad, allowing construction costs to stabilize and land values to adjust downward. Support and interest from buyers have shifted to well-priced product in prime locations by top developers.
It always helps to know more about the macroeconomic context of the market and the factors
influencing new housing supply and pricing. The condominium market in the GTA is characterized by long cycles, due to the time it takes to build tall towers. Investors who have taken a long-term view of the market have done well. However, experts warn that the rapid pace of new condo development is expected to decrease over the next couple of years due to higher interest rates, rising construction costs and government fees. This is expected to lead to fewer new home completions and an increase in the prices of resale homes and rents around 2026-27, which could subsequently encourage investors to buy again en masse.
A common question regarding rising government fees and taxes on new housing, is why are they increasing? An existing premise has been that “growth pays for growth,” meaning that the infrastructure needs of a growing population should be met or funded via tax collected from developers.
While this premise has been debated, it’s a common sentiment within the Toronto development community that developers do not pay these taxes overtly. Instead, they shift this cost to the home purchasers in the way of higher home prices, which is another driver of price inflation.
Recent reports from several sources suggest that 25 to 30 per cent of the purchase price of a new build Toronto condo is levies imposed on builders who transfer those forward to purchasers.
Luke Johnson, vice-president of development and general counsel of Dunpar Homes, asserts that
combined, the three levels of government collect more off of a new home than the profit gained by developers.
These fees can’t always be passed on to purchasers, resulting in projects not getting built that would otherwise be built in a lower tax environment, resulting in less supply and even higher prices and rents. The impact on young professionals is they’re staying with their parents longer and leaving Toronto for better affordability in many circumstances (or never coming in the first place).
Despite the current market’s challenges, demand for new condominiums continues to outstrip supply. Still, developers continue to look at ways to meet that demand when affordability is so poor.
Before investing in the new condo market, it’s essential to think longterm and always ask questions. Factors to consider include immigration rates, employment numbers, restrictions on supply and how changing political policies could affect the housing market. Having an experienced team of real estate professionals around you can help you navigate the various factors that impact the market. Good luck.
Ben Myers is the President of Bullpen Consulting, a boutique residential real estate advisory firm specializing in condominium and rental apartment market studies, forecasts and valuations for developers, lenders and land owners. Contact him at bullpenconsulting.ca and @benmyers29 on Twitter.
CREATIVE AWARDS
Best Project Logo
Branthaven Homes
The Greenwich
Best Magazine Advertisement
PRODUCT AWARDS
Best Kitchen Concept in a Midto Highrise DeSantis Homes
Century Condos
The West-End Home Builders’ Association (WEHBA) held its annual Awards of Distinction (AoD) Gala at Liuna Station in Hamilton recently. WEHBA’s Awards of Distinction Gala, is one of the most prestigious nights in the industry, and recognizes the highest levels of achievement in the homebuilding, renovation, community development and residential marketing industries. The Awards of Distinction cover building, design, promotion and marketing in the new home, renovation, marketing, sales and design.
This year, a new award was introduced to the WEHBA Awards of Distinction program: The Mario Borrelli Sales Team of the Year Memorial Award, recognizing the professional approach to sales, selling techniques and contribution to marketing new homes. Mario Borrelli, who passed away suddenly in 2021, was a long-time, active member of the West End HBA with Multi-Area Developments. .
The WEHBA Awards of Distinction recognize winners for their merit and give them the opportunity to showcase some of the latest ideas and projects in their specific field. From suppliers to marketers, the award entries come from every niche across the residential construction industry and the list of award categories has substantially grown over the years.
For a complete list of winners, visit westendhba.ca.
Emblem Developments
The Design District
Best Signage
Emblem Developments
The Design District
Best On-Site Sales & Marketing Package
Branthaven Homes
The Greenwich
Best Virtual Tour
DeSantis Homes
Century Condos
Best Ingenuity in Marketing
Emblem Developments
The Design District
Marketing Award of the Year
Emblem Developments
The Design District
ACHIEVEMENT AWARDS
The Mario Borrelli Sales Team of the Year Memorial Award DeSantis Homes
Century Condos
Alyssa DeSantis, Chiara Campli, Kelley Milan and Billie Ventresca
Consumer Choice Award, Low Volume
Marz Homes
Consumer Choice Award, High Volume
New Horizon Development Group
Best Exterior Concept on a Midrise DeSantis Homes
Century Condos
Best Exterior Concept on a Highrise Branthaven Homes
The Greenwich
Best Condominium Concept Under 750 Square Feet
Carriage Gate Homes
BeauSoleil | Sunrise Collection
Best Condominium Concept Spallacci Homes
The Moderne | Celestial
Best Townhome | Best in Housing Affordability
New Horizon Development Group
Peachy on the Mountain
Green Development of the Year DeSantis Homes
Century Condos
Project of the Year | Mid- to Highrise Development DeSantis Homes
Century Condos
Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.
If you can see yourself in a condo from National Homes, there’s a good reason for that. Since 1992, National has been committed to the principle that You Are the Blueprint, and with this customer-focused philosophy, backed by buyer focus groups, research and customer think tanks, National has grown into one of the GTA’s most respected builders. With more than 20,000 acres of land developed, a portfolio of more than 15,000 homes and condos built, and a 20-year highrise record of awardwinning buildings, National is at the leading edge of real estate innovation and property technology.
National has a history in Toronto’s highrise market that dates back almost 50 years to the 400-suite, six-building waterfront apartments of Amedeo Garden Court, as part of a broadly based group of companies that traces its origin back to its establishment in 1974.
In 2003, recognizing the growing trend towards urban intensification, the group re-entered the highrise field with a 101-suite, even-storey building called Kensington Place on Sheppard Ave. near Bathurst. Since then, the group has proceeded steadily with a focused program of building in desirable neighbourhoods, including 2010’s Living Life on the Avenue, an 82-suite, seven-storey building with design inspired by the community of Avenue Road and Eglinton.
Today, in Brampton, the twin towers of DUO, National Homes and Brixen Developments’ 800-suite 26-storey condominium project, are now under construction on Steeles Ave. W., with a new release coming soon. In Burlington, the first of two eight-storey Northshore Condos is just now being launched to the public.
Why is a National condominium different? The company’s motto is
“You are the Blueprint.” By putting the needs of the customer first, National designs from the inside out, with a holistic perspective that supports physical, mental and emotional wellbeing. Through programs such as focus groups, workshops and the innovative YOUprint surveys, National listens to real buyers who share their insights and expectations. Then National buys property in neighbourhoods where people want to live, and incorporates the features and flow that customers want.
One ground-breaking moment in National’s evolution was its “Blueprint Workshop” event at the IBM Innovation Space, led by Karl Vredenburg, director of IBM Design Thinking World Wide Client Programs and head of IBM Studios Canada. The workshop welcomed more than 70 creative design thinkers including dozens of past and potential future National buyers of
varied ages and demographics. Also present were architects, designers, engineers and students from York University’s Schulich School of Business real estate Masters program in a THINKTANK format, with deep discussions, Proptech presentations and educational sessions.
Each of the participants shared their own unique ideas and gave deeper insight into what today’s buyers are looking for in an ideal place to live. The result was a oneday innovative event that changed the way National designs and builds. These suggestions from real buyers sparked new bright ideas that were then sourced, designed, tested and finally incorporated into the next generation of National projects, to make the lives of their customers even better.
You can see some of National’s bright ideas in the recently launched Northshore Condos. From lowflow shower heads and LED lighting packages to eco-friendly laminate flooring and more, Green thinking is central to the design of Northshore Condos. Just a few of the bright ideas National offers include:
• Smart switches with lights activated remotely via your smart phone
• Moveable kitchen islands to give flexibility to create more space when needed
• Shower niches, so that everything is safely right at hand in the shower
• In-suite recycling with a simple built-in system to make organizing easy
• Drop zones so you can stay organized with a stylish built-in to drop jackets, keys, purses and bags
• Murphy Beds and desks in single or double bed size with built-in desk and wardrobe cabinetry
• Smart thermostats with room sensors to monitor and control the temperature of your home
• Media centres with a custom built-in wall unit for your entertainment devices
Northshore Condos, rooftop common amenity Northshore condo suite National “Bright Idea”: Kitchen organization• Broom storage that’s a simple as sweep, snap and store with a convenient broom hanger to neatly store away your dusters and sweepers.
• Dog wash for you to get your pooch fresh and clean, conveniently located near front entrance
• Smart building community software, including technology services for building management access and control.
• Smart parcel locker in a secure station for incoming deliveries
• Smart EV charger with fast and efficient car charging stations for your electric vehicle
• Every suite has a storage unit, some available on the same floor for strollers
• More outdoor space – including rooftop patios and extended greenspace around the building.
National’s research has shown that buyers, particularly Millennials, are looking for environmentally responsible options in real estate. National recognized the importance of sustainability and began developing a program that gives buyers the reassurance of knowing that when
buying a new home or condo, they are also doing their part. That program, called “Greenprint”, is now available across the GTA to help buyers address their own Greenprint on the environment.
Northshore is targeted to obtain LEED certification upon completion. Leadership in Energy and Environmental Design (LEED) is a Green building certification program used worldwide. It includes a set of rating systems for the design, construction, operation and maintenance of Green buildings, homes and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently.
Smarter thinking. A commitment to sustainability. And a builder that listens. National’s success is based on a unique blueprint. And that blueprint is you.
Modern urban sophistication has come to Plains Road in Burlington, where LaSalle meets the Harbour, overlooking the rolling fairways of Burlington Golf and Country Club. Stroll to local cafes,
restaurants, groceries and drug stores. Be on the GO Train, QEW and Hwys. 403 or 407 in minutes. Downtown Burlington, Burlington Beach, the Burlington Trail, Brant Hospital, Mapleview Mall and La Salle Park and Marina are right around the corner. When you live on the North Shore, you’ve arrived. One-, two- and threebedroom condos start from $499,990. Northshore Presentation Centre is now open at 490 Plains Rd. E. in Burlington. Visit mynorthshore.ca.
This stunning new two-tower, 26-storey condominium development is now under construction on Steeles Avenue West near Hurontario Street, with a total of 800 units. Minutes from the Brampton Gateway Terminal, Brampton GO Station and future LRT, DUO is revolutionizing this remarkable neighbourhood. The place where parks and schools are within touching distance. Shopping, restaurants and lush golf courses enrich your life, and relaxing suites bring joy every day. A new release is coming soon at DUO. You can register at duocondos.ca.
Specializing in corporate communications, public relations and marketing. Ahsan manages the strategic marketing and branding of Tridel’s newest condominium communities and corporate brand.
Tridel is Canada’s leading developer and builder of condominium residences, with more than 85 years of homebuilding experience. Tridel currently has 20 condominium communities in the GTA marketplace and is committed to developing condominium communities that meet the needs of today’s homeowners while safeguarding the wellbeing of future generations
President, Mountainview Building Group
Mountainview is a multi-faceted development company with a portfolio across the Golden Horseshoe and beyond. Chairman of Tarion, a member of the Governance Committee, Consumer Committee and the Regulatory Affairs Committee. Served as the NHBA President in 1997- 98, Director of OHBA from 2003 to 2008, First Vice-President in 2006-07, President in 2007-08 and a director for Meridian Credit Union. During this period he also served as a member of the Credit and Investment Committee, Community Relations Committee and the Governance Committee.
BLANKENSTEIN
The Daniels Corporation is one of Canada’s pre-eminent builders and developers, creating new home communities across the GTA. Annibale oversees all of the company’s corporate and project-specific marketing and communications initiatives as well as all corporate branding.
Vice-President and CFO, Concord Pacific Group
Concord Pacific is a real estate developer in Canada, with projects mainly in Vancouver and Toronto. With more than 30 years experience in finance and real estate development. Au-Yeung is a certified public accountant with B. Sc. and MBA degrees.
With more than 18 years of experience with blue chip, hospitality, banking and real estate clients, Ayliffe is actively involved in all aspects of client and project management. L.A. Inc. is a full service branding, marketing and communications agency with expertise in real estate development and corporate branding. Member of BILD. Currently working on projects throughout North America.
Founder, Baker Real Estate Inc.
Baker Real Estate was formed to specialize in the marketing and sales of condominium projects, masterplanned communities, new home developments, as well as hotel and commercial properties for developers in Canada and the U.S. With offices in Toronto, Montreal, Vancouver and Shanghai.
President and CEO, Lash Group
For more than 65 years, Lash Group of Companies has built on the tradition of quality workmanship, innovative design, and exceptional value. It’s taken untapped neighbourhoods in the GTA and transformed them into communities. Markham and Ellesmere, the ME Community, has ME2 and Tricycle preparing for occupancy in the fall of 2023, and Lash’s latest project, FourME Condos, currently under construction.
ANDREW BRETHOUR
Executive Chairman, PMA Brethour Realty Group
One of Canada’s premier new home brokerage and research firms, celebrating more than 56 years in business, with offices in Toronto, Calgary, Ottawa, Naples and Collingwood. Recipient of the prestigious Maple Leaf Award CHBA (1987). BILD Hall of Fame Award (2004), two-time recipient of the Riley Brethour Award BILD (1980, 1995). Governor of Builder Marketing Society in the U.S. and “Legend of Residential Marketing” by NAHB 2011. Founder of Canada and Toronto SAM Awards, Member of the International Lambda Alpha Society of Land Economists. Appointed to Board of Govenors of the Abraham Global Peace Initiative.
BRIAN BROWN
Principal, Lifetime Developments and Chair of the Lifetime Charitable Foundation, Lifeline Involved in all aspects of the companies’ residential and commercial projects, from site acquisition to construction. Brown is a member of the Toronto Chapter of BILD. More than 20 years’ experience in development.
SIMON CANE
Senior Account Director, Gladstone Media
Cane brings more than 15 years of proven leadership abilities in real estate marketing, operations management, budget development and cost control. A full-service creative agency, Gladstone Media provides strategic marketing solutions that are meaningful and effective, helping brands to stand out and connect with their audience.
Carboni has more than 28 years of experience in the new home real estate market. She has been a licensed realtor for more than 16 years. She currently holds her broker’s license. She held the position of PMA Director of Research for more than 12 years, backed by her Degree in Urban and Regional Planning from the University of Waterloo. Her dedication to her clients and staff, have led to Carboni winning the Stanley L Grant award three times. She also heads up the Broker driven PMAinsders division.
President, Liberty Development Corp.
An innovative developer of residential, commercial and mixed-use buildings in the GTA. Graduate architect with more than 40 years experience in the development industry, and for the last 28 years, throughout the GTA.
R. SCOTT DAVIE
Broker of Record, Founder Davie Real Estate Inc.
With nine years of marketing, advertising experience and a deep understanding of Canadian national and regional marketing trends, Chan has extensive knowledge in data-driven marketing, experiential, media planning and social media. She is involved in marketing strategy, customer communications, planning and design for Aoyuan’s projects across Toronto and Vancouver. Chan has led the marketing for Aoyuan’s flagship project in Toronto, M2M, which won the 2019 BILD People’s Choice Award.
Davie has more than 30 years of experience in real estate, and has been a trusted advisor to many of the GTA’s top developers. Davie has sold new home and condo projects from Brantford to Whitby, and from the Beaches of Toronto to Newmarket. He is recognized as a leading expert on pre-construction real estate sales and marketing in the GTA.
RIZWAN DHANJI
Founder and President, RAD Marketing
One of the leading specialists for pre-construction sales and marketing, working on iconic projects such as King Toronto, One Delisle and Leaside Common. The team at RAD Marketing has sold more than $4 billion in pre-construction condo developments in Toronto, Montreal, Vancouver and abroad, totalling more than 12,000 condominium suites. Dhanji leads the talented team at RAD Marketing to execute some of the most exciting projects throughout North America.
More than 25 years as vice-president sales and marketing for four of the largest firms in the city (Bramalea Ltd., Menkes Developments, Concord Adex Developments and Tribute Communities), spearheading the design, marketing and sales of more than 60,000 new homes and condominiums in the GTA. Recipient of several major sales and marketing awards, both locally and provincially, including BILD’s Riley Brethour Award.
RHODA EISENSTADT
Managing Partner, tcgpr (The Communications Group Inc.)
A Toronto-based independently-owned PR consulting firm, serving developers/builders and clients in various business sectors. Using many non-advertising communications tools, Eisenstadt helps position clients in the marketplace in creative and cost-effective ways, with a specialty in Issues management, strategic planning, social media and media relations.
DAVID FELDMAN
President and CEO, Camrost Felcorp Inc.
Cosic has been in the real estate industry for more than 30 years, sold more than $25 billion in real estate and is recognized as an astute professional and a fearless industry innovator. Cosic is on the Board of Directors for the Toronto Artscape Foundation and a former member of the BILD Board of Directors. In2iton is one of the leading new home and condo sales companies and an international award winner.
For more than 45 years, Feldman has been responsible for shaping the Toronto skyline and is behind many of the GTA’s most distinctive and memorable residential communities and commercial properties. Camrost Felcorp has established an impressive portfolio that includes more than 80 buildings, 20,000 residences and more than two million sq. ft. of office and retail space, with more than $4 billion in master-planned communities currently underway. He has overseen countless public parks, high value public art pieces and interactive pedestrian spaces that have become part of Toronto’s ethos.
DAN FLOMEN
President and Broker of Record of TFN Realty Inc.
With more than 27 years of experience in the sales and maketing of highrise condiminiums and lowrise communities, working with developers both small and large throughout Ontario. Past Vice-Chair of Arbitration at TREB. Specializing in the performance analysis of projects, maximizing profitability and cost effective design integration while creating strategic sales campaigns. In addition, Flomen holds the position of Executive Vice-President, Sales at Empire Communities
JOSEPH FRANCAVILLA
Senior Vice-President, Highrise Residential, Menkes Developments
With more than 30 years of experience, Francavilla is currently responsible for the development, design, and construction the company’s highrise projects including Sugar Wharf, Festival, Mobilio, Adagio and The Whitfield. He is currently the Chairman of the Board of Directors of the Metropolitan Toronto Apartment Builders Association and a Director of the Residential Construction Association of Central Ontario.
TERESA FRANCELLA
Director of Marketing and Sales, Highrise Division, The Remington Group
Current developments are Downtown Markham
– the largest LEED Certified development in North America, 243 acres of mixed-use development that fuses together residential, retail, entertainment and commercial, and IQ Condos – a master-plan community, eight acres mixed-use neighbourhood with seven condominium towers, street level retail and central park.
Leading the Tridel sales, marketing and interior design teams, Fung is responsible for defining the vision and strategic direction of the company’s project plans, as well as guiding its strategies. He oversees budgets, pricing models, design and go-to-market launch strategies. He obtained his BCom from UofT, his International MBA from the Schulich School of Business, and holds a real estate brokers’ license. Tridel is Canada’s leading developer and builder of condominium residences with more than 85 years. Tridel currently has 20 condominium communities in the GTA marketplace.
For more than 50 years, Intercity has serviced their clients’ real estate needs. Specializing in the sale of new homes and condos as well as resale residential and commercial real estate. Grossi is a real estate broker with more than 40 years of experience and specializes in all forms of real estate transactions. Intercity represents some of the most prolific new-home builders in Ontario, with sites that span across the GTA and beyond.
MARCO GUGLIETTI
President of Rosehaven Homes
Founded in 1992, with more than 9,000 homes and condos built to date. Now open: Mayfield Collection (Caledon), On the Ridge (Stoney Creek). Coming soon: the Rebecca Condos (Hamiltion), Ivy Rouge (Oakville), Dreamfields (Bradford). Member in good standing of BILD, OHBA, WEHBA and NHBA.
DANIEL GUIZZETTI
President, CEO and Co-Founder, Empire Communities
Guizzetti has been involved in the development of residential, commercial and industrial real estate in North America for more than 30 years. He actively participates in all aspects of the business, including finance, investment strategy, land development and construction, as well as acquisitions and dispositions.
ANTHONY HELLER
President, Plazacorp Investments Ltd.
A real estate and development company in business in the city of Toronto for more than 39 years. In the past 30 years, Plazacorp has focused on highrise condominium projects in the city of Toronto. The focus has recently expanded to include large scale lowrise residential subdivisions. Heller is responsible for overall management of the company, and has particular responsibility for site acquisitions and project finance.
DAVID N. HILL
President and Founder, Ballantry Homes
More than 40 years in the building industry. Builder of quality single-family homes, semi-detached homes, townhomes, and mid- to highrise condos. Past Director of BILD. Ballantry Homes has consistently attained the highest rating available through Tarion. Currently building across the GTA and the southeastern USA. Ballantry Homes has always strives to maintain it’s excellent reputation as a quality builder.
RONY HIRSCH
President and CEO, Malibu Investments Inc.
Projects in the Toronto area include Gramercy Park,Tableau, Southside, LTD, Malibu Harbourfront, Boutique, Smart House, Express Condos and more.
CHRISTOPHER HUTCHINS
Marketing Manager, Branthaven Homes
Coming from an interior design background, Hutchins is a creative and adaptable marketing professional with more than 12 years of experience in new home construction and highrise development. Well-developed skills in brand management, communications, customer relations, and creative direction have successfully allowed Hutchins to consistently deliver award-winning projects to market throughout the GTA and surrounding markets.
TAMI KENWELL
President and Founder, Madhouse Advertising
Madhouse delivers with passion, innovation and brand integrity, and Kenwell brings more than 25 years of sales and marketing experience in the real estate industry to her clients. Leading a powerhouse team of creative individuals, Kenwell’s promotional expertise with builders/developers spans a broad range of lowrise, highrise, commercial and retail products. Specializing in interactive, digital experiences.
DAVID KLUGSBERG
President and COO, L.A. Inc.
More than 30 years of experience in marketing real estate, including highrise and lowrise housing, resort communities, hotel and retail developments and rental housing in Canada and the U.S. Has worked for developers and agencies, bringing a unique perspective to the marketing equation. Served on the Board of BILD. Awarded the Riley Brethour Award for his outstanding and consistent achievements in residential sales and marketing.
DENNIS KOHN
Principal, Fieldgate Homes
Particular responsibility for product development, marketing and community planning. Dynamic and visionary, Kohn is responsible for evolving Fieldgate into one of the city’s top 10 volume builders, while maintaining and enhancing the company’s 65-year-old reputation for personal customer care and service. Fieldgate is well known as a grand vision community builder.
TOM KOHN
President, Fieldgate Developments
Builder of many fine residential communities for more than 60 years. Current projects include The Poets in Toronto, New Kleinburg in Kleinburg, Dreamscape in Oshawa, Emerald Crossing in Shelburne, Park Vista and Whitby Meadows in Whitby, aTowns in Ajax, among others. Member of BILD.
Vice-President
Former hotelier and graduate of University of Guelph. Also holds an MBA from the University of TorontoRotman School of Management. Has more than 15 years of Pinnacle experience, and has sold more than 7,000 condominium units across 15 projects in the GTA, he is currently involved in the design, development, planning, and operations of Pinnacle’s more than 10 million sq. ft. of future mixed-use master-planned communities.
CEO of Baker Real Estate Incorporated
Lawlor is the driving force behind Baker, opening offices in Montreal and Vancouver. She has led major sales and marketing campaigns for the company in North America and International real estate markets. Since Baker was founded in 1993, she has been instrumental in realizing Baker’s vision. Her passion, determination and steady hand have inspired the team to sell more than $83 billion in new home sales making her the prominent female voice in the industry.
Sales and Marketing Director, Pinnacle International
Responsible for overseeing the sales and marketing activities for the residential projects throughout the GTA. Pinnacle is currently developing master-planned communities, such as the Prestigious Pinnacle One Yonge community in downtown Toronto, Pinnacle Uptown in Mississauga, Pinnacle Etobicoke in Etobicoke, and Pinnacle Toronto East, at Sheppard Ave. E. and Warden Ave. Pinnacle International is one of Canada’s leading builders of luxury condominiums residences, hotels and commercial developments in North America.
As President and founder of Tribute Communities, with more than 40,000 homes delivered to date and many more projects in the pipeline, Libfeld has impacted this industry in many positive ways. His knowledge, commitment, and philanthropic efforts have earned him prestigious recognition such as the Lifetime Achievement Award from BILD, and more recently the Pickering Mayor’s Award. Libfeld is also a former Chairman of Tarion and a past president of the OHBA.
With more than 25 years of diverse experience in the marketing and sales of highrise and lowrise developments across the GTA and beyond. At the senior executive level, Liolios is responsible for providing strategic marketing direction and development of marketing initiatives throughout the entire sales and marketing cycle, as well as embracing the challenge and inspiring the architecture and culture of all Tribute communities and condominiums.
Lloyd is the Marketing Manager at award-winning homebuilder Tribute Communities. With experience in marketing, administration, public relations and customer relations, her 35-plus years in the new home industry mark her as an expert in her field in both lowrise and highrise developments, across the GTA and beyond. Previously with BILD, Penta Stolp Corp., Bramalea Corp. and now more than 25 years with Tribute Communities.
A family-owned, custom award-winning homebuilder of more than 3,000 homes in the past 60 years. Currently active in lowrise residential developments throughout Niagara, notably the flagship communities of The Residences of Hunters Pointe, which won Best Community in Canada by CHBA, Ryan’s Grove, and Davis Heights in Fonthill. Recently recognized for building Canada’s first Net Zero Energy Ready Qualified home. Garnering local, provincial and national awards.
President, Elite Homes and the AMC Real Estate Group
More than 30 years of experience in the construction and real estate industry. Maggio started as a home renovator and real estate broker, moving into the field of management and development. The expansion of his commercial plaza Off Broadway in Orangeville complete. Coming soon, 22 residential suites and 31 loft townhomes close to the Blue Mountain ski resort and Nottawasaga Bay.
Mandelbaum is the Principal and CEO of Altree Developments. Mandelbaum is a third-generation real estate developer and stems from a long lineage of Canadas leading developers. Altree is real estate development company focusing on residential and hospitality projects that provides unmatched insight, expertise and service to landmark development projects and iconic communities. Altree has a diverse portfolio of developments, ranging from ultra-luxury condominiums to master-planned communities in various stages of development.
With more than 25 years experience in project sales and marketing with some of Canada’s leading organizations. Markovic has worked with some of the country’s leading developers and property owners, developing award-winning and innovative marketing programs. He is a hands-on leader and is directly involved with the positioning, marketing and sale of PMA pre-construction projects. He has served on FRPO, ULI, and IDU Quebec.
With more than 20 years of experience and as a second generation member at family owned Solmar, she is involved in many aspects of the business, from design and development to sales and marketing. More than 31 years ago, Solmar layed the foundation for master-planned communities across the GTA with attention to detail, quality and innovation in architecture and design. Current projects include Bristol Place in Brampton and Erin Glen in the town of Erin. Future project include highrises in Vaughan and Brampton and lowrise master-planned communities in Caledon and Niagara on the Lake.
Senior Account Director, Impact North Inc.
Has been a marketing professional in the real estate industry for more than 23 years. He’s played an integral role in the successful launch of more than 250 new home communities and more than 60 mid- and highrise developments consisting of more than 60,000 units all across Canada and the U.S. From new communities, purpose-built rentals, adult lifestyle and retirement communities to major masterplanned developments and infill projects, Marzola has brought his industry knowledge and expertise to every project, while leading and mentoring an innovative team.
McComb has more than 30 years of development and construction experience in Toronto and Vancouver. Having overseen Concord CityPlace and Concord Park Place, two, multi-billion-dollar, urban masterplanned residential developments, he has since established Edenshaw as a leading GTA developer of quality residential mixed-used communities. Edenshaw’s flagship project, Chaz Yorkville, is the recipient of two International Project of the Year awards, followed by Tanu, Westport, and Alba Condos, in Mississauga. Current planned developments comprise more than 3,000 residential units, inclusive of 88 Park Street, Port Credit, situated between the Port Credit GO Train Station and the Hazel McCallion LRT line. McComb takes pride in participating in philanthropic opportunities, particularly supporting the arts.
SCOTT MCLELLAN
Chief Operating Officer, Plazacorp
Plaza has been named Tarion Highrise Builder of the Year twice. One of Toronto’s downtown leading condo developer and builder with more than 5,700 suites sold in the last six years, worth more than $3 billion in sales. McLellan oversees sales and marketing initiatives, new business opportunities, acquisitions, and customer care practices. An active participant in the industry for 33 years. McLellan, a regular keynote speaker at industry and information seminars as well as a current longtime member of the board of directors at BILD.
GEOFFREY
Creative Director, Brand Identity Consultant and Principal, McOuat Partnership
Recipient of numerous advertising and marketing industry awards, he has contributed to the successful completion of more than 3,000 communities, condominium projects and resort condominiums. His experience also includes work with such brands as Honda, Nestlé, Butterball, Weetabix, Perrier and others.
LIANNE MCOUAT
Vice-President of Strategy and Client Service, McOuat Partnership
A strategic marketing professional with more than 25 years experience in all real estate sectors. A veteran of with more than 1,000 projects and winner of numerous sales and marketing awards at the regional, provincial, national and international levels.
ALAN MENKES
President, Highrise Residential, Menkes Developments Ltd.
Under leadership the company has completed more than 40,000 condominium units. He spearheaded a number of high-profile projects, including the Four Seasons Hotel & Private Residences in Yorkville, and the landmark Empress Walk complex in North York City Centre. Currently, he is overseeing the development of numerous projects across the GTA, including 77 Clarendon and Sugar Wharf. He serves on the Board of the University Health Network Foundation and is a member of the World Presidents Organization
JARED MENKES
Executive Vice-President, Highrise Residential Division, Menkes Developments Ltd.
Oversees all aspects of the Highrise division including the development, marketing, sales, construction and customer service of more than 40,000 condominium units across the GTA. Menkes has twice been named Canada’s top selling builder and launched luxury and mixed-use developments, including the award-winning Harbour Plaza Residences in Toronto’s South Core. He is currently overseeing Sugar Wharf Residences on the waterfront, Mobilio and Festival in Vaughan, Menkes Condo Rentals and Menkes Property Management.
ERIN MILLAR
Director of Marketing, Vice-President of Sales and Marketing, Marlin Spring
Millar brings more than 16 years of developer led sales and marketing experience to the Marlin Spring development platform and has led the successful launch of a number of new low-, mid - and highrise projects during her years in the industry.
NICK MONTELEONE
Principal, Art Director, 52 Pick-Up Inc.
As the recipient of numerous prestigious design awards, Monteleone is known as an innovative designer. Forward thinking, his objective to design is to create a timeless brand to ensure market longevity. He is a designer who believes in understanding a vision through collaboration and constant exploration. Monteleone has a zeal for design.
BEN MYERS
President, Bullpen Research & Consulting Inc.
A residential real estate advisory firm specializing in condominium/rental apartment market studies and high-density land valuations. Twenty years of international real estate research experience. Myers is also the Special Market Advisor at Baker Real Estate, assisting in the pricing and analysis of new home developments, and Cohost of the Toronto under construction podcast.
HARLEY NAKELSKY
President and Partner, Baker Real Estate Inc.
Nakelsky has been pivotal to the success of Baker, ensuring that its clients benefit from cutting-edge innovation, tried-and-true strategy and unique insights. His leadership, strategic vision and deep roots in sales guide the senior management team. Nakelsky also takes a direct and active role in maximizing revenue for Baker’s clients.
AGATA NARANCIC
Marketing Manager, Tridel
Narancic has more than 20 years of experience in real estate marketing. Brings Tridel’s newest communities to the market from conception to completion, including merchandising, advertising, event planning as well as supporting strategic and corporate marketing campaigns. Tridel is Canada’s leading developer and builder of condominium residences, with more than 85 years of homebuilding experience. Tridel currently has more than 20 condominium communities in the GTA marketplace and is committed to developing condominium communities that meet the needs of today’s homeowners while safeguarding the well-being of future generations.
DARRYL ORIAN
Vice-President Marketing, StateView Homes Inc.
With more than 15 years of experience in the real estate market, successfully launching more than 35 condominium and single-family communities across Ontario. Brings a strong agency background to the role, along with a Bachelor of Commerce in Marketing Management. Orian is involved in all aspects of community/product design, project marketing for multiple low and highrise residential projects and numerous corporate charitable initiatives.
PAOLO PALAMARA
Co-President, Diamante Group
More than 30 years of experience in contracting and development. Three-time winner of the BILD Project of the Year Award. Represented Diamante Development Corp. at the Saie Construction Fair in Bologna, Italy and at the Bauma Construction Fair in Munich, Germany. Guest speaker at the Schulich School of Business MBA program. Guest speaker at the Politecnico University of Milan School of Architecture and Engineering (2003).
DEENA PANTALONE
Managing Partner, Chief Innovation Officer at Venturon and National Homes Group of Companies
Pantalone’s expertise is focused in the place where real estate and technology meet. As Founder and Managing Partner at Venturon Ltd., she leads a capital group investing in, and mentoring, global start-up companies that develop innovative technologies, products and services for the real estate industry. Pantalone builds communities, condos, retirement residences, commercial properties and develops land throughout Canada and the U.S.
JASON PANTALONE
President and CEO, Managing Partner, National Homes
A graduate of the University of Western Ontario, Pantalone also holds a Masters of Science in International Housing from the London School of Ecomonics (U.K). Specialized in land development, with emphasis on infill, low- and highrise residential development, retail malls and high-end retirement residences. More than 25 years of experience in land acquisitions, pro forma and budget analysis, land development approval process, construction contract negotiations, building design development and property management.
MATTHEW PANTALONE
Managing Partner, Director of Acquisitions and Chief Sustainability Officer, National Homes
Pantalone is responsible for identifying, evaluating and acquiring properties for the National Homes Group of Companies. Pantalone is also the founder and managing partner of Panergy Wall Solutions, an eco-friendly building envelope solution that provides time and cost savings to developers, increase energy efficiency to home owners as well as superior fire, water, acoustic and thermal performance compared to traditional building envelopes. Panalone’s education includes the study of Construction Management at Boston’s Wentworth Institute of Technology.
ROCCO ‘ROCKY’ PANTALONE
Founder and Chairman, National Homes Group of Companies
It all began with a vision of one man. From his foresight and drive has come all the growth and success of a diversified group of companies, including National Homes, Pantalone Realty Corp. and Venturon Development Corp. With decades of experience in the real estate industry and extensive interests in land sales and land development, Pantalone’s leadership has helped make the National Homes Group of Companies a leading force in Toronto real estate.
JOHN PASSERO
Partner and President, Silvergate Homes Ltd. & Silverline Group Inc.
With more than 30 years in the industry. Past President NHBA and recipient of Member of the Year Award NHBA. Currently building communities throughout the Niagara Region in St. Catharines – Village on the Twelve, Legends on the Green and custom building throughout Niagara Region and the Golden Horseshoe. Construction management commercial and residential building.
DAVID PODMORE
OBC, Chair, President and CEO, Concert Properties
Recognized as an icon in the Canadian real estate industry, Podmore, OBC, brings more than four decades of experience to Concert Properties, the company he co-founded in 1989. Today Podmore serves as Chair, President and Chief Executive Officer. He is the recipient of the first Award of Excellence granted by the Real Estate Institute of BC, the Queen Elizabeth II Diamond Jubilee Medal, and in 2014 was invested to the Order of British Columbia.
KAREN PRATT-HANSEN AND HELJAR HANSEN
Owners of Pratt Homes
Barrie’s largest builder since 1890, a legacy builder that has been building homes of all shapes and sizes for everyone, no matter what stage of the family life cycle they’re in, from young adulthood to retirement years. They are currently selling Elements Condominiums with a focus on biophilic design. It’s all about connecting to the four elements – water, fire, earth and air and the proven benefits of living with nature-focused design features. Search Pratt Homes to learn more.
HELEN
Personal Promotions Group is a group of highly motivated and experienced marketing and communications strategists. The company brings a wealth of expertise to the team, and real estate clients are always assured that the marketing and communications are working together to deliver effective and measurable results.
DON PUGH
Partner, The Daniels Corporation
One of Canada’s preeminent builders and developers, creating new home communities throughout the GTA. Pugh plays an integral role in the development of all Daniels’ lowrise communities, from design development and contracting, project management, sales and marketing to after-sales service. He also oversees the building and operations of all Daniels’ Gateway Rental communities; commercial leasing and Daniels Home Management.
BARRY J. RACIPPO
President, Salesfax Marketing Group
With more than 32 years in the industry, has been directly responsible for the marketing and sales of more than 35,000 new homes in both Canada and U.S. Specializing in new homes, land acquisition, adult-lifestyle communities, recreational properties and golf course developments.
MARK REEVE
Partner, Urban Capital Property Group
Urban Capital develops condominiums with a project portfolio of more than 8,000 units completed and under development across Canada, including Toronto, Ottawa, Montreal, Winnipeg and Halifax. Toronto based, Urban Capital is forward-looking leading the modern design trend in condominium development, working in collaboration with award-winning architects and interior designers.
JULIA ROSS
Senior Marketing Manager, Tridel
More than 20 years of successful sales and marketing experience in all aspects of corporate and new home condominium development at Tridel. Tridel is Canada’s leading developer and builder of condominium residences with more than 85 years of homebuilding experience. Tridel currently has 20 condominium communities in the GTA marketplace and is committed to developing condominium communities that meet the needs of today’s homeowners while safeguarding the wellbeing of future generations.
Chief Operating Officer, Lash Group of Companies
Rudolph joined the firm in 2003 following 16 years of experience in property management, development and construction, as well as a background in accounting/finance and a Bachelor of Commerce degree from the University of Toronto. For Lash Group of Companies, he currently oversees the operations for a large portfolio of new condominium projects.
JAYSON SCHWARZ
Senior Partner at Schwarz Law Partners LLP
More than 44 years of practice in the areas of real estate law, including developer, builder and consumer representation; corporate/commercial transactions; domestic and international business structure, tax, succession and corporate planning. Completed his Master’s degree in business law at Osgoode Hall Law School in 2011. Guiding consumers through the real estate maze for more than two decades through his company and his Legally Speaking column.
JASON SHIFF
Executive Sales Manager, Amexon Development Corp.
Shiff heads Amexon’s sales team and has vast experience in new home sales throughout the GTA.
Owner and President, Branthaven Homes
The proud recipient of numerous product, design and leadership awards, including the Tarion Ernest Asslay Builder of the Year and Stephen Dupuis Humanitarian of the Year. Currently celebrating more than 50 years of homebuilding excellence, Branthaven is leading the industry with attainable luxury, design forward lowrise communities and highrise developments across the GTA west.
GARY SWITZER
CEO, MOD Developments Inc.
Switzer is one of the city’s most awarded developers. A graduate of the University of Toronto School of Architecture, he began his career at WZMH Architects before working in the planning department for the City of Toronto. Later, he went on to help establish the highrise division of Great Gulf Homes, and in 2009, he co-founded MOD Developments with Noorez Lalani. Switzer is the chair of the Toronto Chapter of BILD, a frequent lecturer at U of T, York University and Ryerson University.
Partner, Urban Capital Property Group
Urban Capital develops condominiums with a project portfolio of more than 8,000 units completed and under development across Canada, including Toronto, Ottawa, Montreal, Winnipeg and Halifax. Torontobased, Urban Capital is forward looking, leading the modern design trend in condominium development, working in collaboration with awardwinning architects and interior designers.
DAVE WILKES
President and CEO, BILD
The association has 1,300 members and proudly represents builders, developers, professional renovators and those that support the industry. He has previously served on the George Brown College Board of Directors and Executive Committee, the Board of Directors of the Ontario Curling Association and the Black North Initiative (Housing Committee). He is a current member of the R-Labs I+T Council. Wilkes was also a member of the Ontario Government’s Housing Affordability Task Force. He received his Bachelor of Arts (Applied Geography) from Ryerson, now known as Toronto Metropolitan University.
ALEX WONG
Senior Digital Marketing Manager, Tridel
More than 15 years of experience in online advertising, email marketing and digital campaign development. Creates digital strategies and provides web metrics and analysis for Tridel’s marketing team. Tridel is Canada’s leading developer and builder of condominium residences with more than 85 years of homebuilding experience. Tridel currently has 20 condominium communities in the GTA marketplace and is committed to developing condominium communities that meet the needs of today’s homeowners, while safeguarding the well-being of future generations.
In today’s economy, it’s a natural instinct for people to seek additional sources of income. For some, this may include buying an investment property. Not only is purchasing a second property a monumental step toward achieving your financial goals and generating additional income, but it’s also a big responsibility that comes with a lot of considerations. It’s important for buyers to ensure they’re educated and ready to move forward with the purchase – especially if they hope for it to be a long-term investment opportunity.
Here are a few pointers to keep in mind:
What many buyers don’t necessarily know is that there are several different real estate investment strategies. From fix-and-flip to buy-and-hold to wholesaling, it’s important to educate yourself on the options available to ensure you’re making an investment decision that aligns with your goals.
For example, a fix-and-flip strategy involves buying with the intention to renovate and resell quickly for a profit. If your goal is to make money at a faster pace, this could be the option for you. On the other hand, a buy-and-hold strategy involves keeping the property in your portfolio long-term, and renting it out over time. Ultimately, the choice you make is all dependent on the type of property you’re looking to buy and the timeframe in which you want to benefit from the investment.
Therefore, getting clear on these elements should be your very first step.
Purchasing an investment property is different than buying your first home. Although the intent is to gain additional income, an investment property actually adds to your financial obligations in the beginning. Buyers should keep in mind that they will be required to make a minimum down payment of 20 per cent, and carry the mortgage of the property until they find a qualified renter. You also want to factor closing costs and other expenses into the budget – as well as any repairs and ongoing maintenance.
Not to mention, if you still have a mortgage on your primary home, you’ll need to budget for expenses there, too. In some cases, buyers may be able to use their home as a potential financing source to borrow up to 80 per cent of their current home value to help pay for the investment property. It’s best to speak with a qualified mortgage specialist such as those at Homewise, who can walk you through the process and educate you on all of your options.
It’s easy to get lost in the excitement of buying an investment property and generating an additional source of income. However, buyers need to remember that it also comes with more responsibility and commitment. If you’re buying a rental property, you’ll be required to find qualified tenants and maintain the upkeep of the home – as well as any repairs or
potential damages that arise. Even if your goal is to fix and flip a home, you’ll still have added responsibilities on your hands, such as balancing budgets, overseeing contractors and managing trade schedules. No one said it was easy, but if you’re prepared, it’s worth it.
Get in touch with a professional real estate agent and mortgage specialist who can walk you through the steps of buying an investment property and securing the best financing option. The process may be slightly different than when you purchased your first home, which is why it’s important to be informed on all of the key details before moving forward. Be sure to work with a real estate agent who is knowledgeable and can help you find a property in the right location, at the right price. For example, the Homewise real estate team often advises buyers that in order to attract high-quality tenants, you must focus on neighborhoods with nearby schools, hospitals, public transportations and a thriving retail environment.
Buying an investment property is without a doubt a great opportunity that comes with favourable returns. However, it’s crucial for buyers to understand what it takes and what’s involved before making any big financial decisions.
JAYSON SCHWARZ, LLM
Let’s explore a scenario: A number of years ago you took advantage of a great opportunity and purchased real estate at a great price. Today, with increasing rents and market growth, your equity value has increased tremendously.
At that time, you moved quickly and everything is in your name or you put it into a holding company, or worse still, you used your operating business to purchase. Now at 55 years of age or older, you are thinking about the future. What if something happens to you? What if you wanted to leave the real estate to your children or grandchildren?
It’s a lot to consider. In Canada, there is a deemed disposition on death, and unless you have a spouse (this delays things until their death), there will be a deemed capital gain on the difference between the adjusted cost base (purchase price plus money put in) and current value. This means the kids will need to find the funds to pay the tax, and may be forced to sell the asset to deal with the tax. This is an unfortunate end when your wishes were to keep the property and have it generate money for the family.
What if it’s in a holding company where you own the shares? Same result on the share value, and worse because it can lead to double taxation. There is a deemed disposition of the shares of Holdco on death, however, Holdco does not have a deemed disposition of
the assets in it. You might end up having to plan and mitigate the tax through proper estate planning (such as pipeline planning, loss carry-back planning and life insurance).
The big question is: What to do? Can it all be reorganized to provide the most tax effective and protective result? The answer is yes. It will not be as perfect as doing it properly the first time, but you can certainly limit your exposure on all fronts.
The interesting piece is that for those who are looking to invest, a lot of the same principles will apply to save you grief later.
The first thing you need to do is speak to your accountant and find out if they have a knowledgeable tax department capable of sophisticated tax planning, and the same applies to your lawyer. If your accountants have these services, find out why they have not discussed this with you before being prompted. Your trusted professionals should be proactive.
Here’s an example that will give you an idea of what can be done with the right support.
Patrick is 55 years old and married to Sherri, with three children all over 18 years of age. When he was 30, he purchased, in his own name, a plaza in Richmond Hill. For the last 25 years, he has been paying down the mortgage and increasing the rent he charges tenants. The building has been well maintained and has increased in value by $4 million. He worries what will happen in the event of his death, and has sought professional help to reorganize his affairs.
The first thing that will happen is that there should be a thorough review of all of Patrick’s affairs, and then a plan will evolve. This might include
using Section 85 of the Income Tax Act to transfer Patrick’s Plaza to a holding company (“Holdco”) on a tax-free basis. In that scenario, when the dust settles, Patrick would own a special kind of share in Holdco that has a frozen value, and perhaps a family trust would own the common shares. What this does in its most simple form, it allows Holdco to redeem a percentage of Patrick’s special shares annually. The more that are redeemed, the less tax will be payable on Patrick’s death. In the meantime, the future gain is accruing to the benefit of the trust and its beneficiaries.
As noted above, contemporaneously with the “freeze,” you might consider that a discretionary family trust be established with Patrick and Sherri as trustees, with both of them, all the children, future descendants and certain corporations, as discretionary beneficiaries.
Tax and succession planning for real estate investments requires integrating professionals who are knowledgeable and capable of providing practical advice tailored to the situation. It’s better to start properly, in order that you will save money in the future. Planning is everything.
Emblem has been raising the bar with design, quality of finishes and overall appeal for residence with their last several projects. Now, Emblem is introducing Allure, a prestigious new Toronto icon at 250 King St. E. in the city’s most coveted historic district.
A monument to sophisticated living, Allure is a 43-storey tower that rises above a podium hosting carefully curated retail. This condominium community promises to deliver an exclusive, hotel-inspired living experience unlike any other in Toronto, with a curated selection
of amenities offering unparalleled service and hospitality.
Emblem recently launched Allure at a unique, industry-defining event where Toronto’s business leaders, brightest minds and creators were thrilled to learn about the all-encompassing vision for the community. The immersive event took them on a journey into the future, when residents of the 509 suites will enjoy the luxuries of a fivestar hotel every day.
Upon entering Allure, residents and visitors cannot fail to be impressed
by the lobby lounge, which balances bold architectural lines alongside commissioned sculptures and the soothing natural materials of marble, stone and wood. For those looking to enhance their well-being, the health spa, sauna, steam room and personal massage room provide a spa-like experience right at home. The indoor and outdoor fitness areas and cycle studio make it easy to feel inspired and motivated. For entertaining guests, the social lounge and dining lounge provide the perfect setting, while the private screening room
is ideal for hosting a movie night. If you work from home, the coworking lounge encourages collaboration and creativity, and if you’re a parent, you’ll appreciate the children’s playroom and outdoor terrace.
Truly setting Allure apart is the Rolls-Royce chauffeur service. This exclusive service enables residents to effortlessly arrange to be driven in a custom-designed Allure Rolls Royce. Booked through the 24-hour concierge, Rolls Royce service makes any trip, for work or leisure, carefree and relaxing.
Inside the tower designed by Arcadis IBI Group, the interiors conjure a subtle elevated environment. Burdifilek, an acclaimed interior design studio known for creating expressive interiors for world-class brands, has designed spaces at Allure that are quietly elegant, timeless and confident in texture. With more than 150 awards and a commitment to creative intelligence and cultural relevance, Burdifilek has succeeded in fulfilling Emblem’s vision for meticulous design. Emblem is an art and designoriented company that obsesses over every detail to create breathtaking living experiences that stand the test of time.
Step outside onto King East and you’re surrounded by everything that makes Toronto a world-class city. Major league sports venues, shops, restaurants, theatres and concert halls, the Distillery District, the waterfront and the newly
expanded St. Lawrence Market are all within walking distance. In fact, the neighbourhood boasts a 100 Walk Score and a 98 Bike Score.
Allure also attains a 100 Transit Score, with the convenient King streetcar only a minute away from the front door. This streetcar moves rapidly along the car-free street, giving you fast access to TTC connections and downtown amenities. Soon, Toronto’s new Ontario subway line will connect you quickly to even more of the city. Major highways such as the Don Valley Parkway and the Gardiner all also close at hand.
Toronto is the largest financial hub in Canada, and if you work in the Financial District, you can either walk or take a fast TTC trip on the King streetcar. For anyone looking to be near Toronto’s thriving academic community, Allure offers proximity to George Brown College, Toronto Metropolitan University, OCAD, University of Toronto and more.
The third-largest city in North America, Toronto stands on the world stage alongside cities such as New York and London. A testament to Toronto’s attraction and upcoming growth is the fact that it has been the number one city with cranes in North America since 2015. In 2022, Toronto had 252 active cranes, according to the Rider Levett-Bucknall’s Crane Index for North America.
Offering the best location in Toronto, Allure is distinguished by its vast array of top-tier offerings, and an
unsurpassed level of refinement and luxurious service. As Allure’s tagline states, at this community “A life of distinction awaits.”
Emblem Developments is one of the fastest-growing real estate development companies in the GTA, with a focus on highrise residential buildings. It has been recognized by prestigious organizations within the building industry with awards that stand as a testament to its approach and provide a motivation to continue crafting homes of the finest calibre for residents and the community. Emblem’s current portfolio comprises more than 4,500 residences representing $3.6 billion of development value.
To register for Allure or for more details, visit emblemdevcorp.com. Illustrations are artist’s concept only. E. & O.E. May 2023
At the intersection of Kingston Road and Cliffside Drive in Scarborough, Kingside Residences by Altree Developments will soon take shape as a new 10-storey building marking the gateway to east Scarborough. The boutique-inspired property will have approximately 156 units – from studios to three-bedroom suites –beginning in the $400,000s.
Each unit’s expansive terrace offers residents impressive lake views along Toronto’s eastern shoreline. The surrounding area is also abundant in parks and greenspaces. A direct path from the property to Scarborough Heights Park offers a beachfront
walk towards Bluffers Park and the picturesque Bluffs. These natural elements have served as inspiration for this exciting new project.
Recently launched, Kingside Residences offers a serene environment away from the hustle and bustle of the city, but still accessible to the downtown core. The range of units makes the property ideally suited to diverse needs and life stages, from young family buyers to those looking to downsize.
Cliffside Village’s immediate surroundings provide a unique combination of relaxed living and a tight-knit community that appeals
to families, working individuals and retirees. The neighbourhood’s recent growth has transformed it into a wise investment for the future.
“The growing interest in the Cliffside Village area speaks to the timeless allure of this unique location,” says Zev Mandelbaum, founder and CEO of Altree Developments. “We are thrilled to be part of the community’s growth, with Kingside Residences being the first of many projects Altree will be providing along this stretch of Kingston Road. We believe that investing in Cliffside Village will add value to a beautiful and vibrant
community that will continue to flourish for years to come.”
Kingside Residences stands out for its exceptional interior design, courtesy of U31, an award-winning interior design firm based in Toronto. The company’s work is perfect for those looking for a peaceful escape. The lobby of Kingside Residences is a true standout, designed with grand vaulted ceilings and adorned with natural stone finishes that add an air of sophistication and elegance. The relaxed lounge area and hotel-like feel of the lobby provide residents with a cosy and comfortable place to relax. The lobby visually and physically connects to the corridor and indoor amenity areas through an openconcept design, reinforcing design flexibility and community.
Kingside Residences has a well-designed co-working area, for residents who prefer to work from home. The space includes a coffee bar, private desk spaces and a communal working area. The natural wood tones used in the design create a calming atmosphere, making it easy to work and relax. This workspace is perfect for those who want to be comfortable while also being productive.
The fitness area boasts a mix of cardio and strength equipment, along with Pilates reformer beds and a yoga stretch area, all set amidst a soothing sand-colored palette and warm wood accents. The second-level party and private dining room feature a light wood colour scheme, accented by
hints of sea green. Sculptural forms and soft, diffused lighting make this space well-suited to entertaining.
The building boasts a stunning rooftop amenity offering lake views to the south, and the city skyline to the northwest. This beautiful space is equipped with barbecues, dining areas and comfortable lounge seating for residents to take in the panoramic views.
The building is broken down into three major design elements: Dark tones concentrated within the podium levels, lighter techniques utilized on the upper floors, and at the centre of the building, a modern glass elevator that acts as a focal point.
“We are proud to continue our strong presence in the Scarborough community with the addition of Kingside Residences,” says Jordan
DeBrincat, vice-president of Altree Developments. “We are committed to the concept of thoughtful development, exemplified by our unwavering focus on preserving the natural surroundings in both Kingside Residences’ architecture and interior design. By adhering to this philosophy, we are confident that our upcoming development will be one of the most coveted residences in the city.”
With Kingside Residences, buyers can really have it all: A unique opportunity to live in a beautiful and innovative building, amid the stunning natural beauty of the Scarborough Bluffs, without giving up the conveniences of urban life.
For more information, visit kingsideresidences.com or contact info@kingsideresidences.com.
In Oakville’s vibrant and walkable Oak Park district, Ballantry Homes presents The Villages of Oak Park, a new condominium community that will elevate energy in one of the city’s most desirable neighbourhoods.
Opening on May 13, The Villages of Oak Park offers one-, two- and twobedroom plus den suites with a rich complement of lifestyle amenities, including an elegant lobby lounge with 24/7 concierge, a spectacular indoor-outdoor party room, a fitness studio and a rooftop terrace with panoramic views.
An architectural landmark soaring above the intersection of Dundas and Trafalgar, this is the newest community by Ballantry Homes, the established developer that
brought The Renaissance and The Cosmopolitan to the area.
Experience the prestige of Oakville and the energy of the Uptown Core. The Villages of Oak Park is perfectly situated just steps to chic shops and restaurants, bike paths and trails for commuting or recreation, as well as easy transportation and transit routes. This location couldn’t be better.
Luxury lives here. Designed with a synthesis of glass and beige and brown precast elements, The Villages of Oak Park radiates modernity with a touch of class. Every one-, two- and two-bedroom plus den suite features a beautiful balcony that offer even
more exceptional views – and up on the rooftop terrace, the ultimate 360-degree panoramic perspective of the city and beyond.
Smart suite layouts maximize space, making room for comfortable living and lavish entertaining. Experience sunlit and spacious open concept living and dining rooms, gourmet kitchens with exquisite countertops, fine cabinetry and a quality appliance package, in-suite laundry and spainspired bathrooms.
Every suite includes top quality finishes curated by Ballantry Homes’ award-winning design team, plus every homeowner has the opportunity to personalize their suites to their individual taste with an exceptional selection of premium upgrades.
Step inside a warm and welcoming double-height lobby, anchored by an executive concierge desk and illuminated by expansive glass walls, sleek stone floors and rich wood and metal accents. The plush seating and co-working lounge are perfect for meeting friends and colleagues.
Take a break in the modern fitness studio, where the latest cardio and weights equipment is bathed in sunlight from the ground floor wall of windows. Practice yoga and unwind in a stretching zone that takes any workout to the next level.
Soak up the sun and host a barbecue on Oakville’s most stunning rooftop terrace at The Villages of Oak Park. With 360-degree views of the city, pergolas for shade and a wide selection of seating and lounging areas, it’s ideal for entertaining and relaxing.
In the spectacular multi-purpose party room and lounge, host a dinner party and entertain in sophisticated style. With a kitchenette and a walkout to the rooftop terrace, the room transforms seamlessly for hosting a meeting boardroom, a casual brunch or a party for a special occasion.
A prime location, The Villages of Oak Park is in Oakville’s Uptown
Core neighbourhood, one of the most walkable and dynamic areas in the GTA. Stroll to boutiques, shopping centres, restaurants, schools, parks and recreation hubs. With bike pathways, hiking trails and conservation areas to explore, plus many green spaces close by, including Memorial Park, Town Centre Square, two idyllic ponds and the charming Windfeld Parkette, getting active is easy.
Some of the finest public and private schools are within a 10-minute drive of The Villages of Oak Park. The Fraser Institute rankings include many Oakville educational institutions, which are highly sought after by parents and educators, including Sheridan College’s Trafalgar campus which offers a wealth of post-secondary programs.
Owning a Ballantry home is different. For more than 35 years, Ballantry has built quality homes and communities across Ontario. The superior level of quality and craftsmanship in every home, and exceptional customer care, set Ballantry apart. Every home provides everlasting value to Ballantry families, ensuring comfort, a beautiful home to fill with memories, and a sound investment for years and years.
To learn more, visit ballantryhomes.com.
+GRAND OPENING
SATURDAY, MAY 13
The Village of Oak Park opens on Saturday, May 13. Register to become an insider and receive all of the latest information right to your inbox.
SALES OFFICE LOCATION
20 Oak Park Blvd., Oakville
SALES OFFICE HOURS
Monday to Thursday 1 – 7 p.m.
Saturday, Sunday and holidays noon to 5 p.m.
Closed Friday
CONTACT
Vince Guerra vince@ballantryhomes.com
Adam Guerra adam@ballantryhomes.com
WALK SCORE
With an abundance of shops, restaurants and entertainment, most of your exploring can be done on foot – 85
BIKE SCORE
Easy access to bike paths and trails make this a great spot for commuters and recreational cyclists alike –64
TRANSIT SCORE
Leave the car at home and take reliable public transportation around the city and beyond – 51
With new home and condominium prices the way they are nowadays, you want to be especially sure of your purchase – that it fulfills your needs and at least some of your wants.
A lot of potential buyers have been sitting on the sidelines, waiting to see what happens as the result of the pandemic, interest rate hikes, inflation and the like. One thing they have in common is that they have seen prices rise overall. Regardless of what you may see in the media, that is not going to change for the foreseeable future. Across the GTA, we are still experiencing a demand-exceedssupply issue that keeps prices on an upward track. In addition, the price of labour and materials continues to escalate, and of course, that has its effect on home and condo prices. Add to all of this the fact that we don’t have enough skilled labour workers to build the homes we desperately need, and the supply situation inches the prices up even more.
One thing for sure is that demand will continue in a substantial way. According to Statistics Canada, last year, Canada’s population grew by more than a million people for the first time ever. As a result, we have the fastest population growth rates of any G7 nation. International immigrants made up approximately 96 per cent of those newcomers. The federal government is on track to welcome 465,000 immigrants
this year, with the goal of reaching 500,000 by 2025. Many will be admitted based on their work skills, which will help somewhat with new home construction.
If you have been thinking of adding a condominium suite to your investment portfolio, there’s good reason to act now. As of late April, the average rent in Toronto soared to more than $3,000 a month. I doubt rents will be going down substantially in the future. In addition, rental accommodations are difficult to find, so finding tenants isn’t difficult. And historically speaking, real estate is a lucrative investment, especially in the long run.
Remember that a decade or two ago, new home and condo buyers thought prices were high, but found ways to get into and move up in the market. Just look at the return on investment they have enjoyed over the years. Equity is a beautiful thing. It offers you options in life and eases the way for purchasing
something larger or smaller as your life circumstances change. Keep in mind, too, that when you buy new, you enjoy numerous benefits from warranty coverage to the ability to place your personal stamp on your surroundings by choosing your features and finishes.
If you are shopping for a new home or condo, by all means research the market – but realize that sooner rather than later is the best strategy for buying pre-construction and making the most of your purchase.
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
We hear a lot in the media about new homes and condominiums being priced out of the range of first-time buyers, and yet at Baker Real Estate Inc., quite often we sell to people just entering the market. One thing they have in common is using all the tools and incentives they can to be able to afford ownership.
Here are a few things to consider if you are thinking of purchasing your first home.
• Look to the government for help. On April 1 of this year, the government of Canada’s First Home Savings Account went into effect. This registered plan allows you to save for your first home tax free (up to certain limits). You can now open your account if you are a Canadian first-time homebuyer 18 years of age or older. In some provinces, that age is 19. Go to your bank, credit union, trust or insurance company and provide them with your social insurance number, date of birth and supporting documents to certify that you qualify. Find out more at canada.ca.
• Check rates with your intended mortgage lender. Fixed-rate five-year mortgages are coming down to 4.39 per cent – which, believe me, is phenomenal. Just ask anyone who bought a home years ago when rates were in the double digits. Every percentage point or part thereof you can save will pay off greatly during your amortization period.
• Visit Canada Mortgage and Housing Corp.’s (CMHC) website for a wealth of information on buying your first home. Here are just a few examples:
– The First-Time Home Buyer Incentive (cmhc-schl.gc.ca) helps qualified first-time buyers reduce their monthly mortgage payments through a sharedequity mortgage with the Government of Canada.
– The Home Buyers’ Plan (HBP) enables you to withdraw up to $35,000 from your RRSPs to buy a qualifying home. Find out more at canada.ca.
– Perhaps the most helpful information on this website can be found at cmhc-schl.gc.ca –Buying Guides for homes and a separate one for condominiums, as things differ from purchasing lowrise. From the basic questions to ask, to a checklist of items to remember, this guide is a must-have to ensure you make the right decision for you.
• Consider a condominium for your first purchase. In addition to more easily attainable price points, condos offer carefree living in locations that are close to public
transportation and a wealth of amenities. Many first-time buyers find they can earn equity while enjoying the perks of having beautiful amenities right in their building as well. Many also find they can get around the city without needing to own a car – which helps greatly with mortgage and maintenance payments. In addition, waiting for a condo to be built gives you time to save money toward your down payment – and you will likely earn equity even before you move in.
Buying a condominium is a fantastic way to get your foot in the new home market door. As I always say, buy new, buy now, and buy condo.
Barbara Lawlor is CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing and sales of new home and condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. baker-re.com
Rising interest rates and higher borrowing costs in 2022 resulted in sidelined homebuyers and sellers. Could some reprieve be in sight this year? After home sales and average selling prices flatlined last year, recent Ipsos polling reveals that buyers and sellers are eager to return to the market.
I chatted with Sean Simpson, Ipsos senior vice-president, on a recent episode of TRREB’s Ready to Real Estate podcast. We discussed how the latest consumer polling could impact market trends for the remainder of 2023.
Findings indicate that the promise of shrinking interest rates will entice buyers back into the marketplace. The belief is that interest rates have peaked and will logically begin to fall. Four in 10 prospective buyers say that they’ll consider variable rate mortgages. Remarkably, this is the highest number that Ipsos has ever measured since it started polling for TRREB in 2015.
The combination of lower housing prices and the promise of decreasing interest rates will create a more attractive market for first-time buyers. In last year’s poll, the percentage of first-time buyers as a share of likely homebuyers increased from 39 to 46 per cent. Many potential first-time buyers will be weighing renting versus buying in 2023. With the diminished rental supply and high competition between renters, Sean shared that
one-third of renters polled by Ipsos said they will not tolerate any further rent increases before looking to purchase a home.
Supply and demand should be harmonious, as the number of homeowners considering listing their homes this year is also on the rise. However, Sean cautioned that while rising home prices prompt more listings, any increase in supply has historically started at a very low level. You can expect market conditions to remain tight even if we see a moderate improvement in supply.
Increased listing activity will emerge from sellers interested in upgrading. This will affect the types of homes coming to market. Ipsos is projecting that nearly one in four listings will be townhouses, up significantly from earlier years. There will also be more competition for these homes in the second half of the year. This is because first-time buyers in the 416 area code will favour townhouses or condos for their relatively more affordable price point compared to detached or semi-detached houses.
Ipsos’ findings reflect that homeowners with single-detached homes plan to stay put in 2023. The number of listings will drop while buyer interest is forecasted to remain
strong. With limited supply, Simpson believes that competition for these coveted homes will undoubtedly increase in the second half of the year, putting upward pressure on price.
If you’d like to listen to my entire conversation with Simpson and other insightful chats with industry experts, head over to TRREB’s Ready to Real Estate podcast. We strive to cover topics that keep our listeners up to date on all things real estate in the GTA.
You can also stay up to date with our monthly Market Watch. We break down prices, sales and new listings each month with an easy to glance report. Visit trreb.ca to explore the latest look into the housing market. Plus, connect with a TRREB member realtor and search listings in real time on any device.
Jason Mercer is Chief Market Analyst the Toronto Regional Real Estate Board. His sought-after market analysis helps realtors and their clients understand housing trends and underlying economic drivers in the GTA. trreb.ca.
developer: SOLMAR DEVELOPMENT CORP.
style: Highrise
size: Starting from 432 sq. ft.
features: • Brampton’s tallest towers on a podium with landscaped courtyard and parking for all unit types
• 1 bed, 1 bed + den, 2 bed, 3 bed
• Steps to Go, VIA Rail, and ZUM rapid transit
• Close to Brampton’s Innovation District, Gage Park, Rose Theatre and much more
• 24x7 Concierge, Lobby Lounge, Co-working Space, Outdoor BBQ, Party Room with serving kitchen, Fitness and Yoga Studio, Pet Wash and much more contact: solmar.ca
location: 199 Main St N, Brampton, ON L6X 1N2
developer: NATIONAL DEVELOPMENTS
style: Mid-Rise
size: 8 Storeys, 387 Units
features:
• 1 Bedroom Condos starting at $499,990, 2 & 3 bedroom also available
• Lobby, Gym, Co-Working Space, Party Room, Private Dining Room with Catering Kitchen
• Rooftop with BBQs & Party Lounge Area
• Coming soon to Burlington
register at: MyNorthShore.ca
location: 490 Plains Rd E near Plains Rd. & King Rd., Burlington
developer: BRANTHAVEN
project name: Birch Condos & Towns at Lakeview Village style: Highrise Condos and Towns
features: 298 Condos & 59 Towns
prices from: TBD
features:
• Part of Mississauga’s most anticipated master planned waterfront community, Lakeview Village.
• Waterfront trails, beaches, parks, schools and shops
• Fully furnished indoor and outdoor amenities designed by II BY IV DESIGN
• Rooftop terrace, fitness facility, dining/social lounge, media/games lounge and pet spa
• BH Home TechnologyTM , a Smart Home solution providing integrated building/home access and control system
• 1-3 bedroom condo units
• Located between Port Credit and Long Branch Go Stations
contact: Branthaven.com
location: Hydro Road, Mississauga
developer: AMEXON DEVELOPMENT CORPORATION
style: Highrise – 12-acre, master-planned community size: 436 - 1,200 sq. ft.
prices from: from the $700,000s
features:
• 1 Bed, 1 Bed+Den, 2 Bed, 2 Bed+Den, 3 Bed+Den
• Spacious layouts, terraces/balconies
• Located in the Bayview Village neighbourhood
• Leslie subway station and GO Transit at your door
• Direct access to the East Don Parkland ravine
• Central Park Common – a three-acre urban park offering year-round, outdoor event programming
• 55,000 sq. ft. of resort-style amenities including coworking space, skating rink, indoor and outdoor saltwater pools, privately operated childrens’ daycare, EV charging stations in all parking areas contact: centralparktoronto.com
• (416) 252-3000
location: 1200 Sheppard Avenue East
developer: BALLANTRY HOMES
project name: The Villages of Oakpark
style: Highrise
size: 500 to 1506 sq.ft.
features: • Easy access to the QEW, Highways 403 and 407, and the Oakville GO Station.
• Select from luxurious 1, 2 and 2-bedroom+den suites.
• Rich amenities include gym, party room, rooftop terrace, lounge, co-work space, 24/7 concierge.
• Geothermal and Ballantry Connect Smart Package contact: ballantryhomes.com
location: 90 Oak Park Blvd, Oakville
developer: EMBLEM DEVELOPMENTS
style: Highrise
size: 428 sq.ft - 1,005 sq.ft.
features:
• 43-storey tower offering 509 residential units
• Heritage façade integrated with modern architecture
• 100 walk score, 100 transit score and 98 bike score
• Chauffeur service using ALLURE’s private Rolls-Royce
• Curated amenities: 24-hour concierge, luxurious social lounge, health spa with steam room, sauna, screening lounge, coworking spaces, fitness centre, spin studio, children’s playroom, and outdoor terraces
• Global architectural firm IBI Group and interior design by Burdifilek
contact: EmblemDevCorp.com
location: 250 King E, Toronto
developer: ALTREE DEVELOPMENTS
style: Modern Boutique Mid-Rise Building, 10 Storeys, 156 Units
features:
• Located in Cliffside Village – minutes from the Scarborough Bluffs. Surrounded by nature and urban conveniences.
• Unobstructed views of Lake Ontario with cascading terraces.
contact: KingsideResidences.com
location: 2151 Kingston Road
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
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
When the Ontario government introduced Bill 97, the Helping Homebuyers, Protecting Tenants Act, earlier this month, it continued to honour the pledge it had made as part of its Housing Supply Action Plan to have annual housing legislation aimed at addressing housing supply and affordability in the province. At the same time, the government announced a consultation on changes to the provincial policy statement (PPS), the document that governs land use planning in Ontario. Bill 97 and the PPS consultation are significant steps toward addressing the very complex problem of housing supply and affordability.
As I often point out, the housing challenges in our province and region are the results of misguided policy decisions made by past governments, and can only be addressed through policy that enables – rather than hinders – the building of new housing. The recently announced consultation proposes to combine the PPS and another policy document that governs how and where housing will be built – the Growth Plan for the Greater Golden Horseshoe – into a single document that prioritizes housing. If adopted, this change will represent a significant shift in planning policy that will simplify the addition of new housing.
Bill 97 includes two measures that would facilitate the addition of housing supply. The first is a
proposal to make it easier to convert land zoned for employment uses to residential uses, while protecting true employment spaces through a new, modern definition of employment. The other is a proposal to provide greater flexibility for municipalities to expand their boundaries to accommodate future growth. As housing supply and affordability are contingent on land supply, this change would help deliver muchneeded housing.
As its name implies, the legislation also includes new protections for tenants and new-home buyers. The first proposal seeks to protect tenants against abuse and evictions – vital in a time of tight rental supply and rising rents – while recognizing that property owners must be able to maintain and renovate their properties. The second proposal introduces a cooling-off period on purchases of newly built freehold homes. Our industry looks forward to
participating in the consultations on this proposal.
With the introduction of Bill 97 –the provincial government’s fourth housing bill under the Housing Supply Action Plan – and the announcement of the PPS consultation, the government should be applauded for continuing to take positive steps to address housing supply, bring affordability back to the province and enable more Ontarians to buy the homes they need.
