Greater Toronto’s Finest NEW HOME GUIDE
Greater Toronto Area July 2–30, 2022
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braestone’s final enclave.
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We’re excited to announce the release of our final 16 lots at Braestone. The community has come together beautifully, a labour of love and exercise in innovation, craftsmanship and design. Not surprisingly, the response has been extraordinary as residents of Braestone are happy to enjoy the remarkable trails and ponds, the horse paddocks and berry patches, the nature preserves, streams and forests and a life, as promised, that is richer and more rewarding. We invite you to join in our vision and become part of Oro-Medonte’s finest community. REGISTER FOR OUR FINAL PHASE TODAY – FROM $1.5 MILLION.
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JULY 2–30, 2022
CONTENTS COVER STORY
22 Silvergate Homes HARBOURTOWN VILLAGE SETS THE STANDARD IN SOUTH NIAGARA
6 HOMES Magazine | July 2–30, 2022
26
36 30 The Marketing Edge There’s no going back to the chaos of the sales centre
31
Realty Insider Putting the real estate market in perspective
34 Personal Finance Interest rate hikes don’t have to keep first-time buyers out of the market
36 Real Estate Pro Who defines “affordable” in the housing market?
37
31
Home Realty The more things change, the more they stay the same
66 Industry Report With the election over, it’s time to get to work
Builder profiles 38
Fieldgate Homes Building inspired communities throughout the GTA
42 Forest Heights Estates Democrat Homes welcomes summer in Horseshoe Valley
DEPARTMENTS
10
Editor’s Note
INTERIORS
A breather and a break
47 Cover
14
Spotlight Online
48 Big Style
16
In The Spotlight GTA new home market quiet in May; more news on pages 17, 18, 19, 20 and 21
26 Inside the GTA
Modern organic
50 Inspiring Interiors Outside in
IN EVERY ISSUE
8 COLUMNS
28
Western View We must begin to address the housing crisis now
29 Legally Speaking Everything you need to know about buying a cottage
Contributors
40 North Region 44 Southwestern Region 54 Maps & Charts for New Home Communities 64 Index of Advertisers nexthome.ca 7
CONTRIBUTORS PERSONAL FINANCE | JESSE ABRAMS Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com
CHIEF REVENUE OFFICER
Jacky Hill jacky.hill@nexthome.ca EXECUTIVE MEDIA CONSULTANT
Michael Rosset
EDITOR-IN-CHIEF – NATIONAL REAL ESTATE
Susan Legge susan.legge@nexthome.ca THE MARKETING EDGE | TRISTAN BRONCA Tristan Bronca is the lead copywriter at Impact North. impactnorth.com
EDITOR-IN-CHIEF – GREATER TORONTO AREA
Wayne Karl wayne.karl@nexthome.ca MANAGING EDITOR
Rise Levy
CONTRIBUTORS
WESTERN VIEW | MIKE COLLINS-WILLIAMS Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.
Jesse Abrams, Tristan Bronca, Mike Collins-Williams, Debbie Cosic, Sara Duck, Michael Klassen, Barbara Lawlor, Lisa Rogers, Jayson Schwarz, Dave Wilkes SENIOR VICE-PRESIDENT, SALES, NEXTHOME
Hope McLarnon 416.708.7987, hope.mclarnon@nexthome.ca DIRECTOR OF SALES, ONTARIO, NEXTHOME
Natalie Chin 416.881.4288, natalie.chin@nexthome.ca SENIOR MEDIA CONSULTANT
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
Amanda Bell 416.830.2911, amanda.bell@nexthome.ca VICE-PRESIDENT, MARKETING – GTA
Leanne Speers
SENIOR CLIENT RELATIONS SPECIALIST – GTA
Sonia Presotto
MANAGER CUSTOMER SALES/SERVICE
Marilyn Watling
SALES & MARKETING CO-ORDINATORS
REALTY INSIDER | MICHAEL KLAUSSEN Michael Klassen is the Broker of Record, Eleven Eleven Real Estate Services. Based in Toronto, this firm is a residential pre-construction listing brokerage. 1111realty.ca
Gary Chilvers, Vi Nguyen
HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA
Josh Rosset DISTRIBUTION
distributionteam@nexthome.ca ACCOUNTING INQUIRIES
accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA
Lauren Reid–Sachs REAL ESTATE PRO | BARBARA LAWLOR Barbara Lawlor is President and CEO of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in Canada and overseas. baker-re.com
VICE-PRESIDENT, PRODUCTION – GTA
Lisa Kelly
PRODUCTION MANAGER – GTA
Yvonne Poon
GRAPHIC DESIGNER & ASSISTANT MANAGER
Alicesa Pullan
GRAPHIC DESIGNER & PRE-PRESS COORDINATOR
Hannah Yarkony LEGALLY SPEAKING | JAYSON SCHWARZ Jayson Schwarz LLM is a Toronto real estate lawyer and partner in the law firm Schwarz Law Partners LLP. He can be reached by visiting schwarzlaw.ca or by email at info@schwarzlaw.ca or phone at 416.486.2040.
GRAPHIC DESIGNERS
Johannah Lorenzo, Jean Fay Rodriguez, Mike Terentiev
Published by
nexthome.ca
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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HOMES Magazine | July 2–30, 2022
Advertising Call 1.866.532.2588 ext. 1 for rates and information. Fax: 1.888.861.5038 Circulation Highly targeted, free distribution network aimed at real estate buyers using street level boxes, racking and Toronto Star in-home delivery. Canadian subscriptions 1 year = 13 issues – $70 (inc. HST). Canada Post – Canadian Publications Mail Sales Product Agreement 40065416. Copyright 2022 All rights reserved. All copyright and other intellectual property rights in the contents hereof are the property of NextHome, and not that of the individual client. The customer has purchased the right of reproduction in NextHome and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of NextHome. Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time. Editorial Submissions from interested parties will be considered. Please submit to the editor at editorial@nexthome.ca.
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EDITOR’S NOTE
A BREATHER AND A BREAK
WAYNE KARL EDITOR-IN-CHIEF HOMES Magazine
EMAIL: wayne.karl@nexthome.ca TWITTER: @WayneKarl
+ get social 10
HOMES Magazine | July 2–30, 2022
Finally, a pause. You have likely noticed recent headlines on rising interest rates, slowing price growth and even home price declines. At first glance, this might look like purely bad news, but the market taking a bit of a breather actually represents a break for prospective homebuyers. Forever, it seems, the GTA housing market has been on a mercurial climb, with routine double-digit price growth in pretty much every category, and average resale prices for detached homes now exceeding $1.5 million. Firsttime buyers, in particular, have found it difficult to get in the market. On June 1, the Bank of Canada announced its second rate hike of the year, a 50-basis-point jump in its influential overnight target, to 1.5 per cent. There are also hints of more increases to come, given the challenge inflation poses for the consumer spending and the economy at large. We’re already seeing the impact. “Bank of Canada rate hikes, including the 50-basis point hike on June 1, are impacting homebuyers in the short term,” says TRREB President Kevin Crigger. “There is now a psychological aspect where potential buyers are waiting for a bottom in price. This will likely continue through the summer.” The resale segment, in fact, was “insane” in January and February, Ben Myers writes in his Stat Chat column on page 18. However, he quotes Ashkam Rahimi, director of sales at HouseSigma: “The slowdown that started in March has brought some of those frustrated buyers back to the table this year, as most listings are getting three or fewer offers, but buyers remain cautious.” And, Crigger points out, as homebuyers adjust to higher borrowing costs, long-term housing demand will be supported by low unemployment, high job vacancies, rising incomes and record immigration. Indeed, as West End Home Builders’ Association CEO Mike CollinsWilliams writes on page 37, “Across southern Ontario, we are witnessing the impact a shortage of available housing options has on the people and their community. More and more families are leaving an even more expensive and supply-constrained Toronto looking for larger homes and a piece of property. This endless wave of young people and families looking for affordable housing options results in bidding wars and rapid price escalation across the rest of south-central Ontario. It is like a cruel game of musical chairs where the lack of homes on the market means far more losers than winners.” To be sure, rising interest rates and their impact on housing is not something to overlook or take lightly. But if you plan carefully, buy accordingly (read, don’t buy more home that you should), and make informed decisions, hopefully you can take advantage of this breather, and find your way into the market.
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Catch up between issues at nexthome.ca and enjoy these popular stories
NEW DEVELOPMENT
Live the lifestyle you deserve at Shelter Cove Live the lifestyle you deserve at Shelter Cove in Lake Erie, adjacent to the Forests of Selkirk Provincial Park, at the mouth of Sandusk Creek, and amid charming small-town atmosphere. HOMEBUILDING
Majority support expanding infrastructure to build more housing A recent poll suggests 71 per cent of respondents agree with expanding boundaries to build more housing at the periphery of GTA municipalities.
HOMEBUYING
First-time buyers get a boost in Federal Budget 2022 The recent Federal Budget 2022 kicked in some new perks to help first-time homebuyers make that all-important initial purchase.
Q&A
In Conversation With... Shaun Levy, Flato Developments If you’re looking for a new-home builder known for developing complete communities, not just building homes, and a company that gives back to the community, you can’t do much better than Flato Developments Inc. Visit or check us out on 14
HOMES Magazine | July 2–30, 2022
@HOMESMagazineON
NEW COMMUNITY
Grand Opening in Seaton – freehold townhomes with two-car garages from Fieldgate Homes Fieldgate Homes has a variety of new home offerings in the GTA, including a Grand Opening at Seaton in Pickering.
nexthome.ca @HOMESMagazine.Ontario
@homesmagazine
IN THE SPOTLIGHT
GTA NEW HOME MARKET QUIET IN MAY The GTA new home market continued to slow in May, the Building Industry and Land Development Association (BILD) reports. Total May new home sales of 2,549 units were down 40 per cent from May 2021 and 26 per cent below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence. Sales of new condominium apartments, including units in low-, medium- and highrise buildings, stacked townhouses and loft units, with 2,058 units sold, were down 31 per cent from May 2021, and 10 per cent below the 10-year average. Single-family homes, including detached, linked and semi-detached houses and townhouses (excluding stacked townhouses), accounted for 491 units sold, down 62 per cent from last May, and 58 per cent below the 10-year average. “While short term macro-economic trends point to an easing of housing demand in the coming months, failure to plan to ensure a consistent pipeline of new housing of all types will result in a future resurgence of the tight market conditions of the last few years,” says Dave Wilkes, BILD president and CEO.
“This was the pattern following the 2017 market correction and the introduction of the mortgage stress test. Given present projected population growth, it is prudent for governments and industry to use this time to collectively plan for another period of renewed demand.” “GTA new homes sales eased in May as consumers deal with rising mortgage rates and growing economic concerns,” says Edward Jegg, research manager at Altus Analytics, Altus Group.
“Inventory levels are moving higher, but benchmark prices are showing resiliency.” The benchmark price for new condominium apartments in May was $1.17 million, up 10.5 per cent over the last 12 months, while new singlefamily homes rose 31.5 per cent to $1.81 million. Total new home remaining inventory increased compared to the previous month, to 10,004 units, comprised of 8,050 condominium apartment units and 1,954 singlefamily lots.
MAY NEW HOME SALES BY MUNICIPALITY Highrise
Lowrise
Total
Region
2022
2021
2020
2022
2021
2020
2022
2021
2020
Durham
20
484
53
158
397
131
178
881
184
Halton
178
111
5
88
131
83
266
242
88
Peel
916
276
56
108
472
109
1,024
748
165
Toronto
764
1,606
229
2
15
9
766
1,621
238
York
180
525
66
135
266
142
315
791
208
GTA
2,058
3,002
409
2,549
4,283
883
4,607
7,285
1,292 SOURCE: ALTUS GROUP
16 HOMES Magazine | July 2–30, 2022
IN THE SPOTLIGHT
MARKET CONTINUES TO BALANCE OUT AS BORROWING COSTS TREND HIGHER GTA housing market conditions continued to evolve in response to higher borrowing costs in May, according to the Toronto Regional Real Estate Board (TRREB). Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a month-over-month and year-overyear basis. More balanced market conditions have provided buyers with more negotiating power. As a result, while benchmark and average home prices were up substantially compared to last year, selling prices trended lower on a month-over-month basis. “Bank of Canada rate hikes, including the 50-basis point hike on June 1, are impacting home buyers in the short term,” says TRREB President Kevin Crigger. “There is now a psychological aspect where potential buyers are waiting for a bottom in price. This will likely continue through the summer. However, as homebuyers adjust to higher borrowing costs, housing demand will be supported by extremely low unemployment, high job vacancies, rising incomes and record immigration.” GTA realtors reported 7,283 sales through TRREB’s MLS system in May – down 38.8 per cent from May 2021 and down nine per cent compared to April 2022. The
number of new May listings was similar to last year’s level, and edged up on a month-over-month basis. With sales down and new listings trending flat to slightly up, the number of active listings was up on a year-over-year basis by 26 per cent. Market conditions remained tight enough to support an overall average selling price of $1.21 million for May 2022, representing an annual growth rate of 9.4 per cent. The MLS Home Price Index Composite Benchmark was also up on a year-over-year basis by 23.9 per cent. On a monthover-month basis, both price metrics were lower, reflecting more balanced market conditions.
GTA RESALE AVERAGE PRICES, MAY 2022 (YR/YR % CHANGE)
Detached Semi-detached Townhome Condo
416
905
Total
$1.91M (11.5)
$1.43M (7.8)
$1.54M (9.5)
$1.42M (7.5)
$1.04M (14.1)
$1.20M (13.2)
$1.04M (10.4)
$958,558 (13.8)
$977,194 (12.7)
$793,124 (10.5)
$722,778 (19.7)
$770,894 (12.9)
“Price trends observed over the past three months – both in terms of moderating annual growth rates and the recent month-over-month dips – are in line with TRREB’s forecast for 2022,” says TRREB Chief Market Analyst Jason Mercer. “After a strong start to the year, the current rate tightening cycle has changed market dynamics, with many potential homebuyers putting their purchase on hold. This has led to more balance in the market, providing buyers with more negotiating power.” “The recent elections have shown that senior levels of government understand the need for more housing to support regional growth,” adds TRREB CEO John DiMichele. “The approval of new and more diverse housing types happens at the municipal level, subject to provincial laws and regulations. It will be important to understand the stance of local policymakers as we move toward the fall local elections. The shorter-term impact of higher interest rates will not be with us forever. Supply remains the long-term challenge.”
SOURCE: TRREB
nexthome.ca 17
IN THE SPOTLIGHT
HOUSING INDUSTRY APPLAUDS RE-ELECTION OF ONTARIO CONSERVATIVES The June 2 re-election of Premier Doug Ford is being met with resounding support from the housing industry in the province – given the Progressive Conservative Party of Ontario’s promises to address the housing crisis. “There is a broad consensus that the roots of the region’s housing challenges lie in the lack of supply, which is fueling the affordability crisis,” says Dave Wilkes, president and CEO of the Building Industry and Land Development Association (BILD). “Now is the time to take bold and decisive action to address the underlying policy issues that have constrained land supply, added costs to new housing and slowed the addition of new supply to the market.” There is unanimity that lack of housing supply is the key factor driving the lack of affordability in the GTA, BILD says. During the election, all parties pledged to address housing supply and dramatically increase the addition of new housing units to the market over the next 10 years. Achieving the objective of adding 1.5 million homes to the Ontario market in the next 10 years (or nearly doubling the current housing starts) will require fundamental policy changes to address approval times and availability of land and to simplify the current bureaucracy that regulates homebuilding. The expert recommendations from the Housing Affordability Task Force report, published in 2022, provide the blueprint for necessary change, and BILD looks forward to working with the new government to see the report’s recommendations implemented. “Time is of the essence,” says Wilkes. “It takes, on average, 10 years
18 HOMES Magazine | July 2–30, 2022
to complete a highrise project in the GTA and 11 years to complete a lowrise project. With long planning horizons, it will take time for any policy changes to translate into market impacts, which means the government must prioritize housing within the current mandate.” Adds Ontario Home Builders’ Association’s (OHBA) CEO Luca Bucci, “OHBA is ready to work with the provincial government to implement the bold solutions that will dramatically increase the supply of housing and make the dream of homeownership more affordable for the countless families and individuals who are unable to find a place to call home in a community where they can live, work and play. “The government can act quickly and decisively by working with our industry to implement the recommendations of the Housing Affordability Task Force,” says Bucci. “This would be a great first step to address the housing crisis – as it would bring supply online faster and ultimately make housing more attainable for the people and families looking to call Ontario home.” The West End Home Builders’ Association (WEHBA), representing developers in Hamilton, Burlington and other areas west of the GTA, also urges quick action. “Now is the opportunity for a newly elected strong, stable majority government to take decisive bold action to address the housing crisis,” says CEO Mike Collins-Williams. “It is time for assertive provincial housing policy to get local politics out of planning.” The Residential Construction Council of Ontario (RESCON) similarly applaud Ford and the PCs being re-elected, citing Steve Clark and Monte McNaughton as big supporters of the industry,
and understand the importance of residential construction and the skilled trades to the economy. “We are looking forward to working with the government on urgent initiatives to boost the supply of housing, modernize the development application process, and move forward with programs to get more people into the voluntary trades,” says RESCON President Richard Lyall. “We were especially pleased at the commitment during the campaign to build 1.5 million homes over the next 10 years. “Now that the dust has settled, the real work begins. It is critical for government and the residential construction industry to work together to reach that target by cutting red tape and using innovations like off-site panelized and modular housing, which will enable homes to be built quicker.” To tackle the housing shortage, RESCON stresses the need to embrace innovation, streamline the development approvals process, and continue with initiatives that clear the path for more youth, women and people from underrepresented groups to learn the specialized skill sets needed to work in residential construction.
IN THE SPOTLIGHT
PORT CREDIT’S WATERFRONT REVITALIZATION CONTINUES WITH THE RELEASE OF BRIDGE HOUSE AT BRIGHTWATER The evolution of Port Credit continues through major revitalization and the creation of the award-winning 72-acre masterplanned Brightwater community, a collaboration between the Port Credit West Village Partners – a consortium comprised of Kilmer Group, DiamondCorp, Dream Unlimited and FRAM + Slokker. Bridge House, the newest phase of the community, continues this transformation with three buildings connected by glass bridges designed to highlight and enhance Port Credit’s connections to the waterfront and the retail amenities flanked by the Village Square. “Inspired by the history and legacy of Port Credit as an important trading post town, we wanted this next phase to be a testament to the social connectivity found in Port Credit’s waterfront village,” says Christina Giannone, vice-president, planning and development, Port Credit West Village Partners. “Our intention with Bridge House is to provide as many social and physical connections between the waterfront and the vibrant retail village through the building’s design and prioritize opportunities for residents to meet and interact with their neighbours.” Designed by architectsAlliance, Bridge House at Brightwater consists of three buildings – Bridge House North, Bridge House South and Bridge House East, with two main towers standing at 15 and 19 storeys. The project culminates in the hotelinspired amenity deck located on the sixth floor of Bridge House East, with a rooftop swim spa with lounge seating, barbecue and dining areas overlooking the vibrant promenade
and park, towards Lake Ontario. Connected by two striking pedestrian bridges, residents from each tower will be able to access this shared amenity space, which will also offer a sauna, fitness centre with stretch room, and co-working space. Bridge House’s design intentionally places the building around a large, landscaped courtyard with stretches of greenspace and trees, and a variety of seating and different activations. Open sightlines throughout the block and cutaways up the tower facades replicate the sentiment of a ship’s bridge, where views are provided from every angle. On the south side, residents can connect easily to a pedestrian mews to walk north to the Village Square or head south to the waterfront, all just steps away from their door. An additional eastwest pedestrian connection weaves through the site, leading to a new city park space. Slender and elegant, Bridge House’s towers are clad in glass, with the site located at equal distance between the bustling Main Street and the waterfront. Frosted balconies with transparent cutaways at the corners, contribute to the elegant detail of the towers. Themes of water and the area’s history are seen throughout the material palette. Podiums feature masonry exploring the sense of touch and incorporating the site’s former use as a brickyard, whereas the towers emphasize the water with themes of reflection and light. Stunning lobbies strengthen the connection between the indoors and outdoors, open and welcoming for residents and neighbours. Interiors by Truong Ly Design emphasize light, airy and natural aesthetics with a serene and coastal
vibe. The resident experience is carried through even the most unexpected spaces. For instance, when heading across the glass bridges to the amenity deck, residents will enter a floating garden element in the stunning co-working space. With the hallway clad in mirror and glass, an open-concept floorplan is augmented by bringing the outside in, and a wood ceiling that emulates the look of waves for an elemental atmosphere. The suite mix includes studios, one-bedrooms, one-bedrooms plus dens, two-bedroom units, and twobedroom plus den units. Units are also designed in both condominium flats as well as townhouse-style. Nearly every suite has a balcony, with many suites offering waterfront and park views. Prices start from the mid $600,000s. For more information, visit experiencebrightwater.ca.
nexthome.ca 19
News | Builder BaseBall
Duane Ward (front centre), Builder Baseball founder Michael Rosset (back row, far right), and diamond commissioners Roy Cook, Don Bince, Gary Latchford, Leo Hynes and Bob Conkie.
BUILDER BASEBALL RETURNS FOR SEVENTH ANNUAL EVENT After a two-year hiatus due to the pandemic, Builder Baseball returned in June for the seventh annual event, organized by the Building Industry and Land Development Association (BILD), and NextHome’s Michael Rosset, executive media consultant, and Josh Rosset, business development manager. Sponsored by NextHome and Enbridge, the tournament featured 18 teams from the new home industry, with all-day
EnerCare, champions
20 HOMES Magazine | July 2–30, 2022
food and refreshments, and a celebrity guest – all-time great, Blue Jays pitcher Duane Ward. In the end, EnerCare beat out Tribute Communities for their first championship. Registration for the eighth annual Builder Baseball, scheduled for June 2023, will open on Feb. 1, 2023. bildgta.ca
Tribute Communities, finalists
Altus Group
Bell Canada
Brookfield Residential
DiamondCorp
Enbridge
Geoscape Contracting
Lindvest Properties
MNP
Martino Contractors
Minto Communities
Opus Homes
Plus Group
Primont Homes
RBC Royal Bank
Raywal
Sorbara
nexthome.ca 21
COVER STORY
NIAGARA HOMEBUILDERS – AND HOMEBUYERS – FLOCK TO FORT ERIE
SILVERGATE HOMES’ HARBOURTOWN VILLAGE SETS THE STANDARD IN SOUTH NIAGARA
Fort Erians have the best of both worlds: Quiet, beach town living, yet with superb access to big city amenities. So, it’s no surprise that the town – with its convenient QEW access – is now on the radar for many couples, families and downsizers choosing to escape urban hustle and bustle to set down roots in scenic, relaxed Niagara. Until now, few knew much about this hidden gem on Niagara’s south coast. But word is getting out. It’s a thriving community of more than 30,000 that, like the rest of the Niagara region, is becoming increasingly attractive to GTA residents. There may be no better opportunity to make Fort Erie home than 22 HOMES Magazine | July 2–30, 2022
Harbourtown Village at Erie Beach, by award-winning Silvergate Homes. One of Niagara’s most accomplished homebuilders with a 40-year track record of quality and service, Silvergate is well known locally for building upscale communities in unique locales. Over the years, the family-owned company has been building quality homes in thoughtfully curated communities throughout Niagara, primarily in St. Catharines, Niagara Falls and Welland (Niagara’s three largest cities). According to Mike Passero, vice-president of Silvergate Homes, Fort Erie has a small-town feel that resonates with both Silvergate and its homebuyers. “It’s a quiet, tightly knit community,” he says. “Family
is important in Fort Erie, and that’s certainly one of the charms of the destination.” Passero’s parents, Vito and Victoria, founded the company in 1984, and have instilled the importance of customer satisfaction in the two generations currently running the business. Silvergate Homes’ deep knowledge and experience building in the Niagara region gives it an inside track when it comes to identifying superior locations for its communities. That’s why Harbourtown Village is poised to be the jewel in the Silvergate Homes’ portfolio of luxury developments. The community comprises a limited collection of single-family homes and townhomes, in a secluded area along Lakeshore
Road, between Historic Fort Erie and popular Waverly Beach (just one of many beaches that dot the Lake Erie shoreline – Fort Erie has more waterfront than any other municipality in Niagara.) The property itself is reclaimed land from what was once a famous hot spot, the Erie Beach Amusement Park, which 100 years ago attracted steamship ferries, “Roarin’ Twenties” band orchestras and hundreds of thousands of visitors. At a nearby hotel, W.E.B. Dubois launched a key chapter in the civil rights movement,
hosting the Niagara Movement, the precursor to the National Association for the Advancement of Colored People (NAACP). But beyond the lasting legacy, the location is exceptional, and Silvergate expects considerable homebuyer interest when sales activity opens later in 2022. The homebuilder’s nearby Amuse by the Lake community sold out in a matter of weeks in 2017. “Our homebuyers were absolutely thrilled to move to such a unique location,” says Passero. “With Harbourtown Village, we’re excited to
recreate such an opportunity all over again and welcome people to this awesome beachfront community.” A short jaunt to the waterfront, where Lake Erie begins its flow into the mighty Niagara River, the community’s exceptional location combines the tranquility of Niagara’s south coast with the convenience of amenity-rich living. Fort Erie is home to dozens of major retail, restaurant and banking chains, making every day errands easy and convenient. If you need something more specialized, Niagara Falls and St. Catharines are only 20 and 30 minutes away, respectively, with big box stores and major shopping malls including the Outlet Collection at Niagara, the Pen Centre and Canada One Outlets. Fort Erie’s growth in recent years was a key factor in the siting of the new South Niagara Hospital, with groundbreaking targeted for later this year. The state-of-art-facility – to be the biggest in Niagara by square footage – will be built about five minutes away from Fort Erie’s boundaries and about 15 minutes from the Harbourtown community.
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A thing that sets Fort Erie apart from almost every other small Ontario community is its proximity to a major U.S. city. Buffalo is just a hop, skip and jump away. With the Peace Bridge now reopened after a long pandemic-driven shutdown, Fort Erians are eagerly returning to their cross-border traditions. Buffalo offers a whole new world of entertainment, professional sports, skiing, arts and culture, shopping – and, of course, chicken wings. When you live in Fort Erie, you’ll definitely appreciate the convenience and cost-effectiveness of flying out of Buffalo International Airport, whether to sunny Florida, the bright lights of New York City or a myriad of other destinations. It’s a smaller and much more easily manageable airport than Pearson International, but still offers an excellent variety of flights. While Harbourtown Village is just minutes away from the Peace Bridge, it’s still secluded and surrounded by nature. It’s merely steps away from the 24-kilometre Friendship Trail – linking Port Colborne to Fort Erie – which in turn connects to the laketo-lake Niagara River Recreational Trail. Churchill called this stretch “the prettiest Sunday drive in the world.” With such enjoyable local amenities, it’s definitely easy to stay active in Fort Erie. And if you’re a water enthusiast, look no further
because the community is a paradise for boaters either docking at the Niagara Parks Marina or set to water from one of many public boat launches. Fishing aficionados too are regularly seen casting their lines from a number of spots along the river’s shore. Silvergate Homes brings Harbourtown Village to life – an upscale lakeview neighbourhood with a perfect synergy of modern design and small-town charm. Passionately designed, Silvergate fuses striking exteriors, unique lines and exceptional spaces. The homes at Harbourtown Village are a testament to superior craftsmanship and true luxury living.
A winner of more than 30 awards for homebuilding excellence, design, marketing and environmental stewardship, Silvergate Homes is a Tarion Warranty builder and RenoMark contractor. Its one-onone philosophy ensures that no item on a homebuyer’s “wish list” goes unexplored. This customer-focused approach to custom homebuilding has resulted in hundreds of dream homes in Niagara, built with materials of the finest quality, to the highest standards of construction. Among Silvergate’s many awards, Passero is particularly proud of being honoured with the Niagara Home Builders’ Association’s very first Excellence in Green Construction/ Renovation Award. “We were the first Niagara builder to adopt Energy Star standards, and continue to push the envelope in adopting new materials and construction techniques that promote sustainability and energy savings,” he says, explaining that homebuilders must be stewards in preserving Niagara’s beautiful landscapes and Fort Erie’s natural charms. Sales at Harbourtown Village are expected to begin later this year, but Silvergate Homes is welcoming registrations to keep interested homebuyers updated in the months ahead. Visit silvergatehomes.com for more details.
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HOMES Magazine | July 2–30, 2022
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#InsidetheGTA by SUSAN LEGGE
GTA
MINTO EXCELS AT DRHBA AWARDS Minto Communities GTA was the proud recipient of eight wins at the recent Durham Region Home Builders’ Association (DRHBA) 2022 Awards of Excellence. The wins were split across the excellence in home production and marketing categories, with the 90-acre master-planned community The Heights of Harmony receiving top recognition for awards including excellence in logo design, signage, and built bathroom and kitchen design. minto.com
Boutique midrise made from an eclectic mix of materials takes shape in Junction neighbourhood Craft Residences is Gairloch Developments’ latest building project in the Junction neighbourhood of Toronto. The eight-storey, 86-suite boutique condo makes its mark with architecture that purposefully applies modern masonry design into a bespoke tapestry with detailing that is best appreciated up close. Reinforcing the undulating curves of the facade, each brick inlay is made up of 60-per-cent recycled material. A mosaic mix of porcelain, concrete, and other construction debris cohesively 26 HOMES Magazine | July 2–30, 2022
creates a soft pistachio green building face and offers a nod to the Little Malta neighbourhood Craft is coming to. Aluminum soffits made from repurposed recycled cans line the underside of the building’s roof. Dynamic in appearance, terraces track the building walls angling upwards, giving tenants a variety of sheltered or open-air spaces. Never before seen in Toronto, Craft will also be one of the first buildings in the city to use linear glass brick accents that were first used in a Chanel store in Amsterdam. craftresidences.ca
A TREE FOR EVERY HERO.
Join us in planting 2 million trees along the 401 Highway of Heroes, a tribute to the men and women who fought for Canada in our wars, and a living memorial to the 117,000 who died for freedom. Get involved today:
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ADVICE | WESTERN VIEW
TIME TO BUILD WE MUST BEGIN TO ADDRESS THE HOUSING CRISIS – NOW
MIKE COLLINS-WILLIAMS
Our housing crisis finally got the attention it deserves. All of Ontario’s major political parties in the recent provincial election agreed, Ontario needs to build 1.5 million more homes in the coming decade. The mandate of the newly elected majority government is clear: Get it done, and solve this crisis now. One of the first steps is to get local anti-housing politics out of our long-term planning for growth. Even though there was an uptick in construction, the Canada Mortgage and Housing Corp. recently released new research indicating that housing starts are still not keeping pace with our population growth. The best solution to fix the housing crisis is for us to build more homes of all types. Municipalities have shown they can’t or won’t make the difficult decisions required to build more housing. Ontario municipalities need provincial intervention to help them address the crisis. As the Ontario Home Builders’ Association’s President Bob Schickedanz says: “We can’t regulate our way out of the housing supply shortage. We can’t tax our way out of the housing supply shortage. We can only build our way out of a housing supply shortage.” Endless processes, outdated regulations and restrictions make it nearly impossible to build homes at the rate we know we need. Red tape, high taxes on housing and local government-imposed
28 HOMES Magazine | July 2–30, 2022
restrictions are choking the housing supply chain, be it newly-built communities, missing middle housing options such as townhomes and triplexes, or high-density housing on transit. Across southern Ontario, we are witnessing the impact a shortage of available housing options has on the people and their community. More and more families are leaving an even more expensive and supply-constrained Toronto looking for larger homes and a piece of property. This endless wave of young people and families looking for affordable housing options results in bidding wars and rapid price escalation across the rest of south-central Ontario. It is like a cruel game of musical chairs, where the lack of homes on the market means far more losers than winners. Young families, in particular, are getting priced out, and they are
leaving our larger cities for more affordable communities further and further away. In fact, over the past five years, more than 100,000 people have left the Greater Golden Horseshoe to find homes in other parts of the province. We are not building enough homes to keep up with demand, resulting in an exodus of families and young talent. Can you imagine where we will be in another decade if we don’t tackle the housing crisis right now? With a new government in power with a mandate to build 1.5 million homes, it’s time to build. Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.
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ADVICE | LEGALLY SPEAKING
EVERYTHING YOU NEED TO KNOW
ABOUT BUYING A COTTAGE – PART I JAYSON SCHWARZ, LLM and GREG DUBECKY, JD
The crackling and scent of burning wood at the campfire as the kids roast marshmallows, the loons calling into the night as the stars sparkle overhead. Sauntering down to the dock or boathouse for a relaxing morning by the lake with your golden retriever, a coffee and a book. A rite of passage of our youth, a seasonal pilgrimage, a dream retirement home or simply a respite from the bustle and density of city life – cottage life inhabits an almost sacred place in the cultural psyche of Ontarians. And with the run-up in cottage values throughout the pandemic, regardless of where this market is headed for the foreseeable future, it’s an asset that’s costlier than ever, and one that may come with some issues unanticipated by those accustomed to dealing with their real estate in the city. Issues that bear some consideration, and perhaps proactive planning. Let’s consider some basics: What constitutes a cottage can really run the gamut. It could be a humble cabin or a lavish modern construction. It could be a condominium townhouse or an apartment condo in a resort. It could have water frontage – more on that in a moment – or reside in a landlocked retreat in the woods. Looking deeper, the land could be on a plan of subdivision, just like your home in the suburbs, or it could be on a plan of survey. It could be
connected to municipal water and sewage, or on a well and septic. Does the building have a foundation in the ground? Is it winterized, and is there all-season access to the property? What are the practical legal implications of all these details, and more? The following is only the tip of the iceberg. Buying a cottage requires speaking to your lawyer before you make an offer, so you cover off all of the exigencies. Here are a few: SEPTIC
If a new building or expansion of an existing structure will be on septic, such systems need approval from the Ministry of Natural Resources or the municipality. Ensure that your Agreement of Purchase and Sale contains a condition on septic health. Septics need to be scaled to service the buildings they are connected to, and there needs to be the space in the appropriate type of ground for them. WELL
Does the property you’re eyeing have a well? Aside from whether there’s adequate safety testing to determine if the water is potable, if that well is supplying multiple properties in the area, there may be conflicts between pipeline easements and Ontario’s Planning Act. There are costs and considerations associated with the upkeep and approval of all these systems. Is it a four-season cottage? Whether a cottage you’re putting an offer on is winterized, and has a foundation in the ground, could impact lenders’ willingness to offer financing to close the purchase.
Can you remove the shoreline vegetation to make way for a dock? Was the dock that exists built having obtained the appropriate federal and provincial permits, or is there a risk you will be asked to remove it? ACCESS
Is the road to the cottage private? Does it provide year-round access? There could be zoning questions, and there could be additional maintenance fees to maintain winter access. Are you depending on an easement on a neighbouring property to access your own? Is that easement on title, or is it just “how things have been done” between the previous set of neighbours? Is there a hydro easement that wouldn’t appear on title running through that ideal patch of land on which you were planning a new structure? Only your lawyer can guide you through these issues. As you can see, there are many reasons to involve a lawyer who is experienced in the ins of outs of rural recreational properties, in your planning before you purchase or sell. In fact, there are so many issues, that we’ll address the remaining considerations in Part II in the next issue.
Jayson Schwarz, LLM, is managing partner, and Greg Dubecky, JD, is senior real estate associate at Schwarz Law Partners LLP. schwarzlaw.ca, info@schwarzlaw.ca.
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ADVICE | MARKETING EDGE
THERE’S NO GOING BACK TO THE CHAOS OF THE SALES CENTRE
TRISTAN BRONCA
For developers, a bustling sales centre at the grand opening of a new community or condo is usually a good sign. They might even be a little disappointed if it’s not. Sales representatives rushing between deals, stacks of paperwork – there’s a familiar thrill to it all. Those not thrilled, however? Prospective homebuyers. You need to line up just to get in, growing increasingly anxious as the queue grows and the number of available homes dwindles. Maybe you’re struggling to get a frantic sales rep’s attention. Perhaps you’re beginning to have reservations about your decision as you wait, sometimes hours, to initial and sign on all those little dotted lines. Then it all stopped. When the pandemic emptied public spaces, many developers postponed their openings. There are a few reasons, but one of them was their assumption that very few people would be willing to spend hundreds of thousands of dollars on a home without sitting down face-to-face with the person selling them that home. The assumption turned out to be accurate. Our survey data shows that 75 per cent of purchasers did not want to buy without that meeting. In the summer of 2020, shortly after the COVID lockdowns began, our agency, in partnership with 30 HOMES Magazine | July 2–30, 2022
Builder Software Tools, launched RealSale, a digital sales platform years in the making. Impact North’s Vice-President of Client Services David Seigel explained that when a new community opens, prospective homebuyers receive a RealSale link, which you follow to register your interest in one of the homes or condos. You can view all the details, from floorplans to pricing to lot/unit availability, and so on. Then you receive an invitation to book a private appointment with a sales representative – conducted exclusively over Zoom during the initial openings – to review your preferred home and complete the purchase agreements. When it comes time to complete the final steps of the sale, 95 per cent of the information has already been input, eliminating the administrative bottleneck and accompanying homebuyer frustration. In the midst of pandemic lockdowns, two full communities, one in excess of 100 homes, sold out over RealSale without a single in-person appointment. However, the real value of such tools (it’s not the only platform of its kind) may not be the virtual experience, but the way it can enhance the in-person experience. We already established that developers should expect threein-four purchasers to want a face-toface before they buy a home. But what if that’s not the case on a given project? What if it’s actually 90 per cent, or, for that matter, 30 per cent? Reps could either be overwhelmed or twiddling their thumbs. Tools such as RealSale remove the
“
This is the new standard for the homebuying experience
”
guesswork. Intermediaries such as sales representatives and brokers can capably manage the booking system and the buyer experience, meaning everything is far more likely to run on-time and smoothly. Even after the initial phase of the pandemic, RealSale has continued to function as a hybrid system between in-person and online purchasing. For many developers, it remains the go-to tool for many sales centre openings. This is the new standard for the homebuying experience. Like whitecollar employees who expect to work from home at least some of the time, new-home buyers expect a certain degree of flexibility. The overcrowded sales centre feels like an anachronism. After many of the pandemic restrictions had been lifted, Seigel returned to one of those sales centres during an opening, a decidedly nonchaotic one. He took a few pictures of the empty parking lot. “This,” he said, “is what selling out a community looks like now.” Tristan Bronca is the lead copywriter at Impact North. impactnorth.com
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ADVICE | REALTY INSIDER
PUTTING THE REAL ESTATE MARKET IN PERSPECTIVE MICHAEL KLASSEN
In so many ways, we rely on the media to provide us with information about housing markets in this hectic world. Readers and viewers, however, should look at the big picture and put news in perspective. We hear a lot about rising interest rates and the slight slowdown in the housing market, including dramatic predictions of a crash. This is all greatly exaggerated. The market is strong and more balanced than it was last year, especially in pre-construction. Where a home may have had 20 to 30 offers, agents are now dealing with six or seven, which is a healthier scenario and far from the buyers’ market some are predicting. The current situation is far different from 2008. Even then, there were deals to be had in good neighbourhoods where prices didn’t drop and, in fact, came back some months later with a vengeance. There is no doubt that some buyers have been driven out of the market, which is expected whenever interest rates move up. But the outlook is far from gloomy. The lack of supply in the face of significant and ongoing demand has potential purchasers waiting for new choices to become available, and our clients are working hard to provide those homes and condos.
Reign Condos in Guelph
Another thing is that nowadays, we’re enjoying historically low interest rates, and people are realizing that minor rate rises aren’t the end of the world. Even if rates increase a point or two, it does not make a large impact on carrying costs. In pre-construction sales, purchasers have years to close, so they are more comfortable with rates. In effect, they are buying for tomorrow, not today as is the case with resale. We know of some potential buyers sitting on the sidelines for 10-plus years waiting for prices to drop. Imagine the equity they could have earned if they bought back then. As for sales, it’s like the market is taking a breath. We need time for the investor pool for both resale and pre-construction to replenish itself after the frantic drive of the past couple of years. If you are interested in investing, don’t expect to flip a property quickly. Savvy investors are in it for the long run – at least three to five years. Although the investor market in pre-construction
condominiums is still robust, we’re finding more end-users now for lowrise. Despite media hype, smart buyers avoid panicking, thinking they overpaid and trying to back out of deals. This isn’t the time to walk away, especially with pre-construction. In that amount of time, prices may increase a lot. Real estate is a cyclical industry, and this is an example. We are still selling homes and condos at a sustainable pace from Toronto to the Niagara Region. From our perspective, the media often exaggerates what’s happening in the market, when in fact for new construction, all systems are go.
Michael Klassen is the Broker of Record, Eleven Eleven Real Estate Services. Based in Toronto, this firm is a residential preconstruction listing brokerage. 1111realty.ca
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nexthome.ca 31
HOMES Magazine salutes the following companies for their dedication to customer service. After-Sales Service is an essential component of a healthy new home industry. These builders are proud of their commitment to the principles of excellent customer service.
DEDICATED TO
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32 HOMES Magazine | July 2–30, 2022
CUSTOMER SERVICE
nexthome.ca 33
ADVICE | PERSONAL FINANCE
INTEREST RATE HIKES WHY THEY DON’T HAVE TO KEEP FIRST-TIME BUYERS FROM PURCHASING A HOME JESSE ABRAMS
On June 1, 2022, the Bank of Canada (BoC) announced its second rate hike of the year, increasing rates by 50 basis points to 1.5 per cent. With inflation at a multi-decade high, we can expect this rising rate environment to continue as the BoC tries to get a handle on it. Over the past two years, we’ve seen the Canadian housing market heat up to a point where first-time buyers began questioning their ability to get in the market at all. However, with prices cooling down and rates rising, things are not exactly what they seem when it comes to affordability. RATES MAY BE GOING UP, BUT HOME PRICES ARE COMING DOWN
While rate hikes may provide “sticker shock” to some, especially investors, this actually gives first-time home buyers in Canada a step up. Why? Because with this increase, we can expect (and are already seeing) home prices to drop, with only a slight increase in monthly mortgage payments. As home prices come down, affordability among firsttimers will increase comparatively. Not to mention, Canadians are far better off financially than they were since before the pandemic.
Price of Home: Down Payment: Rate: Mortgage: Payment: Balance Term-End:
34 HOMES Magazine | July 2–30, 2022
From 2021 to 2022, home prices have declined by nearly 10 per cent. As you can see in the example below, home prices dropping and interest rates rising leads to slightly higher monthly payments, but a lower down payment and a much smaller mortgage at the end of a five-year term. Overall, with homes being a long-term investment, this represents a considerable amount of savings. Not only that, the current environment is also cooling competition among investors who leveraged the low rates with requisite rent. As rates go up and prices drop, we’re going to see more and more investors on the sidelines. Previously, low rates were driving demand higher with bidding wars causing recordhigh spikes in home prices. Now that the market has cooled, bidding wars in the resale market are less common, and homes are sitting on the market for much longer. This doesn’t mean all sunshine and rainbows, but for prospective firsttime buyers who were waiting for the market to slow down, now could be a good time to buy your first home. IT’S A GOOD TIME TO GET PRE-APPROVED FOR A MORTGAGE
If you’re a first-time buyer thinking about entering the market, a good starting point is getting pre-approved for a mortgage. We know this isn’t the last of the rate hikes so if you have a down payment ready and all of your documents in order, you’ll want to
2021 $783,000 $78,300 (10%) 2.1% $726,546 ~$3,115 ~$610,025
2022 $704,360 $70,436 (10%) 4% $653,576 ~$3,450 ~$569,295
lock in a rate before they potentially go up within the next 120 days. It’s a great way to understand your home affordability, set a realistic budget and it can save you a lot of time and stress during your home search. It also gives you a leg up on competitive buyers who may not have a pre-approval in their back pocket. At the end of the day, the Canadian housing market is constantly evolving. While rate hikes can seem scary, everyone’s financial circumstances are unique and if you do your research and find the right professionals to work with, you may find the home of your dreams. Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm. thinkhomewise.com
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ADVICE | REAL ESTATE PRO
WHO DEFINES ‘AFFORDABLE’ IN THE HOUSING MARKET?
BARBARA LAWLOR We hear a lot about affordability – especially the lack of it – in the new construction real estate market across the Greater Toronto Area, Ontario and Canada as a whole. Certainly, it is difficult to understand current prices compared to those of a decade or two ago. Keep in mind, however, that a lot has changed with the pandemic, supply chain problems, government red tape and other outside forces that keep our housing supply falling far behind our increasing demand. For years, we have been reading about affordable housing and how difficult it is to find nowadays. But what does the word “affordable” mean? Who defines it? Canada Mortgage and Housing Corp. has defined it to mean that a home or condominium costs less than 30 per cent of your total household before-tax income. According to Loans Canada, millions of Canadians are spending more than 30 per cent of their income on housing costs. Unfortunately, for many people, keeping that spending less than 30 per cent is inadequate to allow them to stay in their current homes or buy new ones. Statistics Canada and CMHC reported that in 2018, more than 1.6 million Canadians lived in core housing need, which means they lived in unsuitable, inadequate or unaffordable dwellings and could not afford alternative accommodations. 36 HOMES Magazine | July 2–30, 2022
One can only imagine how that number has grown since the pandemic and soaring home prices. What held true long ago is irrelevant today, when the average house in the GTA costs more than $1 million. The average home price for Canada hit an all-time high in January of this year, at $748,439. With both resale and new homes and condos priced so high, many buyers are opting for new to take advantage of Tarion Warranty Corp. protection. They also appreciate walking into their new, clean digs, knowing they are the first to use the appliances, fixtures and other items. I compare it to sliding into a new car – that irreplaceable smell of immaculate surroundings. If these buyers purchased early enough in the selling cycle, they got to select the colours, features and finishes that make their residence feel like “home” from day one. At the top of most homebuyers’ must-have lists are location and price – and of course, price depends greatly on location. Altus Group statistics show that in March, the benchmark price for condos in the GTA reached a record of $1.25 million, and for lowrise homes it was $1.83 million. The news that the Bank of Canada’s recent rate rise hints that more rises are to come later this year have resulted in the cooling down of home and condo prices, as some people sit on the sidelines watching. Prices are, however, still unattainably high for many wouldbe buyers. And yet, people buy new homes and condominiums every day, even in Toronto and elsewhere
M City5
in the GTA, where prices are among the highest in Canada. Ultimately, homebuyers define “affordable” according to their pocketbooks, but it seems like we need special definitions of “affordable” depending on where in Canada we live.
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
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ADVICE | HomE REAlty
THE MORE THINGS CHaNGE, THE MORE THEY STay THE SaME
DEbbiE COsiC
The new home and condominium construction industry has seen an amazing number of changes over the past few years. To accommodate evolving purchaser preferences, designs morphed to more openconcept layouts. This also helped with the shrinking of sizes to keep price points attainable, because openconcept “lives” larger than square footage might dictate. Although on the rise, interest rates have been historically low, inviting more demand. In the meantime, increases in municipal and provincial red tape have played a key role in our lack of housing supply, causing a huge spike in home prices. The pandemic brought its own collection of challenges, which resulted in new ways of conducting business electronically, as well as materials shortages and more demand for work-from-home spaces. But you know what has remained a constant through all of this? People still buy new homes and condominiums. Why? For one thing, family circumstances shift. Young people grow up, start careers, marry, have children, and so on. Empty nesters move to more compact surroundings to make their lives easier. We have also seen an exodus of employees to the outskirts of major urban centres where they can work from home in residences that are more financially feasible than in the city. Then, of course, there is an ongoing shuffle
Verde
of people moving because of work transfers. Occasionally, inheritances make moving up a possibility. Real estate is an ongoing dance that helps to keep our economy thriving. What’s fascinating is that whether real estate buyers are end-users or investors, their purchases are still investments. And what a great investment it is. As one example, a condominium in the GTA that sold for $339,978 in April 2012 sold for $789,869 in April of this year. That’s a 132-per-cent increase. You can see where a condominium can make a great nest egg for retirement or for passing along to future generations. Then look at the overall picture: Real estate is an investment that you can understand far more easily than stocks, mutual bonds or the up-and-coming bitcoin universe. Remember that in Canada, we have not experienced the meltdown the U.S. had a few years ago. Our banking and financial systems are thankfully
conservative and do not allow for people to buy homes who can’t afford them. Even real estate investors who rent out their spaces understand what that means in terms of paperwork, effort, and financial gains. So, you can live in your investment, sell it, rent it out… the flexibility is appealing. The bottom line is that in the long run, an investment in real estate remains a wise decision regardless of how the market changes. Whatever the future brings, people will always need homes to live in. That’s one thing that will never change. 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
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BUILDER PROFILE
Fieldgate Homes makes a mark, with beautiFul communities in the gta COMING SOON – FREEHOLD TOWNS WITH 2-CAR GARAGES IN SEATON
Fieldgate Homes is now open for purchasing by virtual sales appointments across the GTA. You can connect by phone, video chat or email for a secure and convenient homebuying experience. Sales teams are waiting to help you find your perfect Fieldgate home. Explore these featured communities and contact the company today. PICKERING: SEATON
Seaton coming soon – freehold towns with four bedrooms and twocar garages from $938,990 A serene natural landscape merges with the convenience of incredible big city amenities at Pickering’s awaited Seaton community, coming soon. Live at the crossroads of classic and contemporary with a remarkable 38 HOMES Magazine | July 2–30, 2022
collection of freehold two-car and single-car garage townhomes with up to four bedrooms, in a skillfully designed community setting. This new community truly has something for everyone with Pickering Town Centre, beautiful Lake Ontario, shopping, greenspaces, restaurants, Toronto’s eastern border and so much more just minutes away. Be first to own during the Seaton Grand Opening by registering now at fieldgatehomes.com. MILTON: VALLEYLANDS OF SIXTEEN MILE CREEK
Coming soon to Milton – executive 30-, 36- and 43-ft. detached homes Introducing executive riverside living in a natural enclave setting with Valleylands of Sixteen Mile Creek, coming soon to Milton. Take
advantage of this rare opportunity to own 30-, 36- and 43-ft. detached riverside residences with lots backing onto Sixteen Mile Creek. Moments to southern Ontario’s most acclaimed golf courses and protected greenspaces, retail and restaurants, schools, services and access to the most convenient transit options, embrace a lifestyle unlike any other in Milton. Register now at fieldgatehomes. com for exclusive updates and priority purchase opportunities on Valleylands of Sixteen Mile Creek. NORTH YORK: KENNETH & HOLMES
Move-in ready townhomes available now Make the most of your opportunity to own in the heart of North York, with move-in ready townhomes,
each with two parking spaces and two lockers included, now available at Kenneth & Holmes. With this limited release of contemporary urban towns, live steps from Yonge and Finch in an intimate residential enclave connected to everything that matters. Register now at fieldgatehomes. com for your chance to own in this limited release before it’s too late.
imaginable in Shelburne’s most anticipated new home community. Enjoy a collection of 36- and 40-ft. singles available now just minutes from big brand outlets, remarkable restaurants, breathtaking greenspaces, ski hills, golf courses and so much more. Shelburne has been Canada’s second-fastest growing municipality, so there’s no better time to get in on its best new home opportunity.
AJAX: A TOWNS
The Park Collection now open – urban townhomes from $1.1 million The final release of stunning urban townhomes at the A Towns Park Collection in Ajax is now available. At Bayly Street and Salem Road, discover new family-sized residences backing onto open greenspace, a series of parkettes, sports court, and more, all connected by winding walking trails weaved throughout. Better still, live surrounded by modern amenities mere moments to Lake Ontario. Get the most out of Ajax’s bustling downtown area and enjoy great shopping, tasteful dining, convenient GO Transit, easy access to Hwy. 401 and so much more all nearby.
Register now at fieldgatehomes.com.
Register now at fieldgatehomes.com.
Register now at fieldgatehomes.com.
SHELBURNE: EMERALD CROSSING
STOUFFVILLE: CITYSIDE
Now open by virtual appointment only – 36- and 40-ft. singles from $1.7 million The final release at Emerald Crossing is now open, meaning now is the time to discover a beautiful country landscape surrounded by every modern convenience
Coming soon – grand opening of 36and 40-ft. singles Make your dream home come true in an incredible community setting just moments from Stouffville’s best amenities. Featuring a new release of 36- and 40-ft. singles, embrace city sophistication and country charm
WEST WHITBY: WHITBY MEADOWS
Grand opening coming soon – new release of freehold townhomes, semis and singles A new release is coming soon with the Grand Opening of Whitby Meadows Phase 3. Take advantage of spectacular residences in one of the GTA’s most popular communities with all-new townhomes, semis and 36and 42-ft. detached designs. Find a master-planned community offering west Whitby’s best lifestyle near shopping, restaurants, Iroquois Park Sports Centre, Whitby GO Station, Heber Down conservation area, excellent schools and more.
from an ideal neigbourhood located close to Markham, Hwys. 404 and 407, and the Stouffville GO Station. Register now at fieldgatehomes.com. IMPRESSIONS: NEW KLEINBURG
Coming soon – grand opening of freehold townhomes New Kleinburg is a community of inspired family residences in a beautiful setting just moments from the heart of historic Kleinburg. With the future Hwy. 427 extension just minutes away, a new community school and excellent urban amenities close at hand, life in Kleinburg has never been more convenient. Coming soon, discover a remarkable collection of expansive townhome designs in this beautiful master-planned community. Register now at fieldgatehomes.com. NORTH OSHAWA: DREAMSCAPE
Register for our grand opening of townhomes, 30-, 36- and 42-ft. detached singles Enjoy affordable living in north Oshawa, with the incredible residences of Dreamscape now open This highly anticipated new home community offers a superb mix of expertly designed and crafted townhomes, 30-, 36- and 42-ft. singles moments to the best modern amenities Durham has to offer. Big box stores, bespoke boutiques, delicious dining, great schools, trails and conservation areas await those who call Dreamscape “home.” Register now at fieldgatehomes.com.
nexthome.ca 39
HOMES MAGAZINE
NORTH REGION FEATURING PROFILES OF NORTH REGION ONTARIO BUILDERS AND COMMUNITIES
PICTURES ARE COURTESY OF GEORGIAn COmmUnITIES. FOR mORE InFORmATIOn SEE PAGES 4-5.
Alliston • Barrie • Collingwood • Innisfil • Orillia Meaford • Shanty Bay • Thornbury • Wasaga Beach 40
HOMES Magazine | July 2–30, 2022
BUILDER PROFILE | ORO-MEDONTE
FOREST HEIGHTS ESTATES DEMOCRAT HOMES WELCOMES SUMMER IN HORSESHOE VALLEY Spring and summer are a time of renewal, and a very special season in Horseshoe Valley. Here, residents and visitors alike welcome the arrival of the vernal equinox with a return to traditional open-air activities – from hiking and cycling to sunning, barbecuing and picnicking. Is there a better time to start life anew in a brand-new community? Democrat Homes is creating an exclusive and sun-splashed community, set in the centre of all the fresh-air excitement. If you love the great outdoors and everything summer has to offer, then bring your family, friends and pets to Forest Heights Estates. This is the place to celebrate renewed life in all its verdant glory. 42 HOMES Magazine | July 2–30, 2022
Situated just one hour north of Toronto between Orillia and Barrie, Oro-Medonte is just what the doctor ordered, after a long, snowy winter. Forest Heights Estates offers brick and stone bungalow and two-storey single-family homes on treed ravine lots, nestled in nature. The warmweather lifestyle here is incredible… towering pines and maples, oak trees and white birch dot the landscape. You may breathe in the clean, fresh air as you listen to the sound of serenity, interrupted only by the gentle warbling of returning birds. Now picture the home of your dreams framed against the greens, reds and browns of the Simcoe County Forest.
Whether your fancy turns to newly sprouted greenery or a summer shopping fling, it’s all right here. Forest Heights Estates is surprisingly close to the modern amenities your consumer side craves. Parks, recreational facilities and woodland trails… rub elbows with big box stores, boutiques, restaurants, waterfront, schools, hospitals and a major university – all just a short walk or drive away. To match the stunning natural – and often lush and flowery – beauty of nature’s bounty, Democrat has raised the bar by offering exceptional standard features, bringing elegance and luxury inside every home they build. Incredible standards include engineered
hardwood floors, nine-ft. ceilings, oak stairs, insulated steel garage doors, upgraded trim and kitchen cabinets, 200-amp service, pot lights, tankless water heaters and more. Democrat wants to set every house apart with a uniqueness and individuality that will reflect your inimitable and superior taste. Bold brick, and brick with stone elevations are dramatically silhouetted against the green, leaf-covered woods, just outside your back door. Democrat Homes’ custom-style elevations feature architecturally refined exteriors, which include high-pitched roofs, classic masonry, decorative columns and pre-cast detailing (such as key-stones, banding and sills), giving every model a regal stature. Each lot is unique in size and appearance, ranging from a minimum half acre to premium lots on private cul-de-sacs that approach three acres of treed beauty. Classic two- or three-garage bungalows with nine-ft. ceilings, upgraded kitchens and finishes, sited on sprawling 100-by-200-ft. (minimum) sized lots. These single level homes range from 1,615 to 2,821 sq. ft. and incorporate large picture windows with ample views of the stunning landscape... of your own backyard.
Other standard features include hardwood flooring, gas fireplace, granite counters, superior ceramics and designer finishes. Whether you prefer the one-floor convenience or have had it with climbing stairs, these are the perfect models for you. Of course, who can argue with the unmatched beauty, refinement and elegance of a classic two-storey estate home – especially in Forest Heights? The refined town-and-country homes have found a perfect placement in picturesque Horseshoe Valley. These stunners offer high-pitched roofs, two- and three-car garages, large verandas and distinct windows on their brick and stone exteriors. Step inside to discover sizable foyers, nine-ft. ceilings (some with vaulted and cathedral treatments), wood, tile and berber carpeted floors, large master bedrooms, plus two or three additional generous bedrooms, and so much more. There are six exceptional models to choose from, ranging in size from approximately 2,400 to 3,500 sq. ft., each one more beautiful than the other. Forest Heights is a real neighbourhood with fantastically fit empty-nesters and forever young families coming together in a celebration of fine living and fabulous surroundings. All homeowners will
enjoy convenient direct access from Horseshoe Valley Road. And the homes are perfectly situated on a quiet main street as well as several one-of-a-kind cul-de-sacs. Democrat wants Forest Heights to be the place you choose for now and forever. It’s like no other community and the limited 80 lots make it truly exclusive. It is a special place that will remain a jewel in the heart of OroMedonte for years to come. Sales Manager Mark Palumbo handles every purchase personally and will help you navigate your newhome buying experience with ease. From the initial purchase to colour charts, electrical layouts and kitchen design, Palumbo will assist you with every aspect of your new home. Finally, you should know that these estate homes are available at about half the Toronto price, starting from the $1.5 millions. The first and second phases are entirely sold out, but now is the time to register for Phase 3. Summer is the perfect period to find your forever home in Forest Heights. For further information and to register, visit the Democrat Homes website at democrathomes.com or email Palumbo directly at mark@democrathomes.com. nexthome.ca 43
HOMES MAGAZINE
SOUTHWESTERN ONTARIO FEATURING PROFILES OF SOUTHWESTERN ONTARIO BUILDERS AND COMMUNITIES
PICTURES ARE COURTESY OF DUNPAR HOMES. FOR MORE INFORMATION SEE PAGE 45.
Brantford • Burlington • Cambridge • Georgetown • Guelph Halton Hills • Hamilton • Kitchener-Waterloo • Milton Niagara • Oakville • Stoney Creek • And Surrounding Areas 44
HOMES Magazine | July 2–30, 2022
Luxury Resides in the West End. Discover an exclusive enclave of 96 backto-back, spacious, open-concept luxury townhomes that merge and mingle with the vibrant downtown Lambton neighbourhood. Connected, considered, and conveniently located close to a plethora of amenities and urban adventure.
NOW OPEN AR
SC
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3-bedroom townhome living with 1 parking spot.
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Register at dunparhomes.com
DUNDAS ST. W.
* Please ask sales representative for details. Prices, terms & specifications are subject to change without notice. E.&.O.E.
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INTERIORS
IN THIS SECTION:
Photo: QuickStyle
Majestic SPC Collection featured colour Louvre by QuickStyle quickstyle.com
BIG STYLE | HOME INSPIRATION nexthome.ca 47
INSPIRATION |
big style
MODERN ORGANIC HOW TO INCORPORATE THIS LATEST TREND INTO YOUR OWN SPACE by LISA ROGERS Pulling inspiration from mid-century modern, minimalism and bohemian design styles, modern organic design takes a raw or refined space and layers organic elements, shapes and colours against a background of contemporary simplicity. With a clean and sophisticated aesthetic, sometimes modern organic can be misconstrued for cold or uninviting. The trick combines natural materials, nature-inspired pieces, and architectural elements (such as clean 48 HOMES Magazine | July 2–30, 2022
lines) with modern features to achieve that warm, elegant vibe. It’s about the balance between earthy elements and an unadorned modern space. Simple silhouettes, natural textures, materials and colours all lend themselves to achieving this look. Modern organic has risen as one of the more prominent interior design search trends online, and it hinges on that interplay between rustic elements and contemporary touches. So, how do you do it? Relatively simply,
actually. Here are some suggestions on incorporating this interior design trend into your own space. FOCUS ON A MINIMALIST APPROACH
Modern organic style banks itself on the less is more philosophy: Keep your design simple by being intentional with how you decorate and adorn your space. Avoid building clutter in your rooms, and don’t over-accessorize with furnishings or knick-knacks. The whole point of a
minimalist approach is to be hyperselective on the pieces you use, so choose a handful of decorative accents to display to give each piece its spot to breathe. OPT FOR A NATURAL COLOUR PALETTE
You will see that many modern organic-inspired designs start with a neutral colour palette, so when you begin to build your organic elements into your space, they aren’t competing with loud colours. Creamy white, warm grey, soft taupe and even subtle touches of black all work well. Lean into using natural materials (wood, limestone, jute, rattan, bamboo and clay) and build around that colour palette by reserving bolder colour choices (whether you move into golds, burgundies or orange) in your soft furnishings or accessories. Better yet, if you desire to add more “personality” to your space (and feel confined to a neutral palette), introduce some handcrafted pieces from your favourite artists and artisans to add that “pop.” Antiques and family heirlooms can be scattered throughout your space, so you feel like it represents you.
plants you can bring into your space to give that sense of the outdoors. Spider plants, aloe vera and English ivy are a few of the many houseplant species that are well-suited for indoor climates. Add outdoorinspired beauty to your dining table or countertop with a vase of fresh flowers or plumes of dried grasses. They add a sculptural element to the room quickly and affordably. USE NATURAL LIGHTING
LOOK FOR ORGANIC SILHOUETTES
(IF YOU CAN)
I love mid-century modern, but modern organic focuses on even softer silhouettes with rustic materials, textiles and colours. Curves and clean lines are big trends for furniture, which are pieces that mimic natural forms and feel organic.
Some of us are blessed with an abundance of natural light in our homes. Understandably, the more natural light you have, the more organic your space will feel. But, if you lack that source of light, your next best bet is to invest in lighting fixtures with organic forms, made from natural materials. Exchange window coverings with organic replacements such as bamboo blinds, linen shades, cotton curtains, or silk drapes. They all have an airier texture that allows privacy but doesn’t feel heavy. If you’re feeling particularly ambitious, install a skylight in a ceiling to invite the sun
BRING IN PLENTY OF GREEN
Any organic-inspired design starts with building greenery into your interior design. From giant palms to monsteras, succulents to bamboo, there are many indoor-friendly
inside, or go even further and build a sunroom addition with oversized windows to extend your sightline to the outdoors. LAYER, LAYER, LAYER WITH NATURAL TEXTURES
The best place to play with textures is in your soft furnishings, so keep an eye out for rugs, vases, planters, lamps, pillows and throws made from natural materials that you can layer to add depth and interest. You want the eye to move through your space efficiently, so layering textures is all about remaining subtle in your approach to how you bring together tones. The look can be compelling but stay effortless. I love woven rattan cabinets, jute rugs, wood coffee tables or marble stone counters. Give ordinary walls a warm texture by covering them with grasscloth wallpaper. Lay an area rug woven with sisal, seagrass or jute over hardsurface flooring to boost the earthy mood. Rattan furniture pieces, leather sofas and chairs, wool furniture throws, and cowhide area rugs bring organic materials inside.
Lisa Rogers is Executive Vice-President of Design for Dunpar Homes (dunparhomes.com). Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and as a regular guest expert for fashion and image, health and wellness and design on CityTV’s Cityline. Follow Lisa’s blog at craftedbylisa.ca nexthome.ca 49
OUTSIDE IN INSPIRATION |
interiors
Capture the warmth and exuberance of the great outdoors inside with these easy ideas for any room in your home by SARA DUCK
plant world
Cotton CUSHION COVER in light khaki green/pattern. $7. hm.com
There is no better way to bring the feel of the outside indoors than to decorate with plants. Choose a variety of sizes to create a lush feeling at home. And, if you can’t commit to plant babies, select smaller no-fuss plants such as succulents or cacti.
2 1
1. Coloured AGLAONEMA. $30. lowes.ca | 2. SUCCULENT plants with POT. $5. ikea.ca | 3. FICUS braid. $38. lowes.ca 50 HOMES Magazine | July 2–30, 2022
3
rad rattan
2 1
3 Get inspired all over again by the 1970s by incorporating rattan furniture into your space. Although this material is super popular outdoors, heralding a strong boho vibe, it can work equally as well inside. Today, many rattan pieces are designed with modern function and esthetics in mind, giving a fresh new feel to a vintage look. Rattan and wood folding CHAIR. $199. zarahome.ca
Yellow has the ability to instantly put you in a good mood — it’s a happy colour that can give your space a cheery, warm feeling. Try an accent wall if painting an entire room in the bright hue seems a little much. And, if you prefer to keep your walls neutral, accessorizing with a few yellow decor items will still give your room a dose of sunshine.
1. Rattan side TABLE. $100. homesense.ca | 2. Globe electric rattan shade PENDANT. $90. canadiantire.ca | 3. Woven rattan PLACEMAT. $20. zarahome.ca
hello yellow
1
3
2 Yellow velvet flat POUF. $149. crateandbarrel.ca
1. Pieced fabric wall ART in yellow. $524. westelm.ca | 2. Citrus punch PAINT. dulux.ca | 3. Makeva marigold swivel chair in YELLOW. $599. article.com nexthome.ca 51
Linen is a durable natural fibre derived from the flax plant and has been around for more than 6,000 years. (It was used to preserve mummies in Egypt!) This sustainable fibre can wick away moisture, making it an excellent fabric for bedding. Linen is also naturally antibacterial, so it is a great choice for window treatments and accent pillows. In addition, the fabric is synonymous with summer and can give you that outdoor feeling indoors all year long.
lovely linen
1
2
3 1. Washed linen BATHROBE in powder beige. $60. hm.com | 2. Dark khaki green linen DUVET SET. From $129. hm.com | 3. Vita linen DAYBED. $1,300. cb2.ca
Linen throw pillow COVERS. $30 each. zarahome.ca
1
earth tones Warm earth-tone colours can make any space feel cosy and inviting. From terracotta colours to light beiges and hits of greens, choosing a natureinspired colour palette will create a calming outdoor living vibe inside your home. Designer: Patti Wilson, Patti Wilson Design. Photo: James C Lee Photography
52 HOMES Magazine | July 2–30, 2022
2 3
1. Almelo serrano green king HEADBOARD. $800. article.com | 2. Super star TILE. $12 each. geontile.com | 3. Aster MUG in white. $20. furnishbyisabey.ca
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Greater Toronto Area Dec. 19, 2020–Jan. 30, 2021
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HOMEBUYER INTENTIONS STILL STRONG: SURVEY
WHERE MORTGAGE RATES ARE HEADED IN 2021
HOT PROPERTIES
FIND YOUR NEXT HOME
The latest properties in the Greater Toronto Area to keep your eye on
MAP
LOCATION
SITE
ADDRESS
CONTACT
1.
Ajax..................................................A Towns ...................................................................... Bayly St. E. & Salem Rd. S. ....................................................... fieldgatehomes.com
2.
Ajax..................................................A Towns ...................................................................... Bayly St. E. & Salem Rd. S. ..........................................paradisedevelopments.com
3.
Aurora.............................................Queen’s Grove Collection..................................... Yonge St. & Bloomington Rd. ............................................... northstarhomes.com
4.
Aurora.............................................Allegro Downtown Aurora .................................... 36 Klees Crescent .................................................................................geranium.com
5.
Aurora.............................................Woodhaven ............................................................... 14222 Yonge St. ................................................................brookfieldresidential.com
6.
Aurora.............................................Shining Hill ................................................................ Yonge St. & St. John’s Siderd. .............................................. regalcresthomes.com
7.
Aurora.............................................Aurora Townhomes................................................. George St. & Wellington St. .........................................................andrinhomes.com
8.
Aurora.............................................Paradise Aurora ........................................................ Mavrinac Blvd. & Wellington St. ...............................paradisedevelopments.com
9.
Brampton.......................................DUO Condos............................................................. 245 Steeles Ave. W.. .............................................................................. duocondos.ca
10.
Brampton.......................................Spring Valley Estates ............................................... 1364 Queen St. ........................................................................ springvalleyestates.ca
11.
Brampton.......................................Mayfield Village ........................................................ Bramalea Rd. & Mayfield Rd. ................................................. royalpinehomes.com
12.
Brampton.......................................The Sandalwood ...................................................... 120 Sandalwood Parkway East ............................................. royalcliffhomes.com
13.
Brampton.......................................Three Rivers Claireville........................................... Goreway Dr. & Humberwest Pkwy ....................................... nationalhomes.com
14.
Brampton.......................................Queens Lane Townhomes .................................... Mississauga Rd. & Queen St. ....................................... branthavenbrampton.com
15.
Brampton.......................................Cleave View Estate By The Credit ........................ Queen St. & Mississauga Rd. ................................................ regalcresthomes.com
16.
Brampton.......................................Westfield..................................................................... Mississauga Rd. & Steeles Ave. ...........................................................greatgulf.com
17.
Brampton.......................................The Estates of West River Valley........................... McVean Dr. & Countryside Dr............................................... royalpinehomes.com
18.
Brampton.......................................Mount Pleasant North & UNION Mount Pleasant .... Remembrance Rd. & Edenbrook Hill Dr. ............................mattamyhomes.com
19.
Brampton.......................................High Point .................................................................. Mississauga Rd. & Mayfield Rd. ................................paradisedevelopments.com
20.
Brampton.......................................Beechwood ............................................................... Chinguacousy Rd. & Mayfield Rd. ...........................paradisedevelopments.com
21.
Caledon .........................................Ellis Lane .................................................................... Mayfield Rd. & Chinguacousy Rd. ........................................mattamyhomes.com
22.
Caledon .........................................Palgrave Estates ....................................................... Mount Pleasant Rd. & Hunsden Rd. ...............................................flatogroup.com
23.
Caledon .........................................Pathways Caledon East .......................................... Old Church Rd. & Innis Lake Rd. .....................................................flatogroup.com
24.
Etobicoke.......................................Vita On The Lake 2 .................................................. 2167 Lake Shore Blvd. W. ........................................................mattamyhomes.com
25.
Etobicoke.......................................Lake Shore Village ................................................... 68 Daisy Ave. ................................................................................. dunparhomes.com
26.
Etobicoke.......................................Lake & Town .............................................................. Islington Ave. & Lake Shore Blvd ......................................................... menkes.com
27.
Etobicoke.......................................Boutique Towns ....................................................... 80 Thirtieth St. .............................................................................. dunparhomes.com
28.
Etobicoke.......................................2650 St. Clair Ave W. ............................................... 2650 St. Clair Ave W .................................................................... dunparhomes.com
29.
Kleinburg .......................................New Impressions ..................................................... Hwy. 27 & Major McKenzie Dr. W. ........................................ fieldgatehomes.com
30.
Kleinburg .......................................The Enclave on Nashville ...................................... 99 Nashville Rd. .......................................................................stateviewhomes.com
31.
Kleinburg .......................................The Tesoro Collection ............................................ 410 Chrislea Rd. .......................................................................stateviewhomes.com
32.
Markham and Unionville.............Cornell Markham ..................................................... Bur Oak Ave. & Hwy 7 .............................................................. ballantryhomes.com
33.
Marham and Unionville .............Union Glen ................................................................ Kennedy Rd. & Major McKenzie ............................................ fieldgatehomes.com
34.
Markham and Unionville ...........Riverwalk Meadows ................................................ Ninth Line & 14th Ave. .......................................................................flatogroup.com
35.
Markham and Unionville ...........Angus Glen South Village ...................................... 9980 Kennedy Rd., #200. .........................................kylemorecommunities.com
36.
Markham and Unionville ...........Kennedy Manors ...................................................... 4500 Major Mackenzie Dr East. ...............................kylemorecommunities.com
37.
Markham and Unionville ...........Nao Phase 2 .............................................................. 14th Ave. & McCowan Rd.......................................................stateviewhomes.com
38.
Markham and Unionville ...........On The Mark Phase 2.............................................. 16th Ave. & Woodbine Ave. ...................................................stateviewhomes.com
39.
Markham and Unionville ...........Minu Towns ............................................................... Donald Cousens Pkwy. & Ninth Line ..................................stateviewhomes.com
54 HOMES Magazine | July 2–30, 2022
+ MAP
MAPS
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
LOCATION
SITE
Locate properties using the map on the following page
ADDRESS
CONTACT
40.
Newmarket....................................Elia ............................................................................... Leslie & Gorham St. .................................................................stateviewhomes.com
41.
North York .....................................Kenneth & Holmes .................................................. Kenneth & Holmes ........................................................................fieldgatehomes.ca
42.
Oshawa ..........................................Dreamscape .............................................................. Conlin Rd. & Harmony Rd. ..................................................... fieldgatehomes.com
43.
Oshawa ..........................................Park Ridge .................................................................. Conlin & Townline Rds. ................................................... tributecommunities.com
44.
Pickering ........................................Geranium in Pickering............................................ Altona Rd. & Twyn Rivers Dr. .............................................................geranium.com
45.
Pickering ........................................Nutowns ..................................................................... Brock Rd. & Whitevale Rd. ............................................................ madisongroup.ca
46.
Pickering ........................................Edgewood Pickering............................................... Altona Rd. & Finch Ave. .......................................................................geranium.com
47.
Pickering ........................................Seaton ......................................................................... 1075 Taunton Rd. ...................................................................... fieldgatehomes.com
48.
Pickering ........................................Frenchman’s Bay...................................................... Liverpool Rd. & Bayly St. ...................................................................madisonfb.com
49.
Richmond Hill ..............................The Bond ................................................................... Yonge & King.............................................................................stateviewhomes.com
50.
Richmond Hill ..............................King’s Landing .......................................................... Oak Ridges ................................................................................stateviewhomes.com
51.
Richmond Hill .............................Ivylea ........................................................................... Leslie St. & 19th Ave. ......................................................................marlinspring.com
52.
Richmond Hill ..............................Richlands.................................................................... Leslie St. & Elgin Mills Rd. ...................................................... fieldgatehomes.com
53.
Richmond Hill .............................Millbrook Park........................................................... Elgin Mills & Leslie St..........................................................northstarhomesinc.com
54.
Richmond Hill .............................Park Lane Place ........................................................ Elgin Mills & Leslie St..........................................................northstarhomesinc.com
55.
Richmond Hill .............................Observatory Hill ....................................................... Bayview Ave. & 16th Ave. ........................................................myobservatoryhill.ca
56.
Richmond Hill ..............................Richlands.................................................................... 10961 Leslie St. ..................................................................................opushomes.com
57.
Richmond Hill ..............................Emerald Crossing..................................................... 8854 Yonge Street .................................................................... fieldgatehomes.com
58.
Richmond Hill ..............................King East Estates ...................................................... King Rd. & Toscanini Rd...................................................................... pureplaza.com
59.
Scarborough .................................670 Progress Ave. .................................................... Progress Ave. & Grangeway Ave. ......................................... fieldgatehomes.com
60.
Scarborough .................................Valleyview Garden................................................... 3012 Kennedy Rd. ...................................................................valleyviewgardens.ca
61.
Scarborough .................................Upper Summerside ................................................. 743 Warden Ave. ......................................................................mattamyhomes.com
62.
Stouffville ......................................Cityside ....................................................................... 12466 Ninth Line ...................................................................... fieldgatehomes.com
63.
Toronto ..........................................Lambtown Towns .................................................... 2650 St. Clair West....................................................................... dunparhomes.com
64.
Thornhill ........................................Citylux Towns at Thornhill Woods ...................... Dufferin St. & Rutherford Rd. ................................................ fieldgatehomes.com
65.
Vaughan .........................................Hotel Vie..................................................................... 8440 Hwy. 27............................................................................................hotelvie.com
66.
Vaughan .........................................The Manors ............................................................... Teston Rd. & Pine Valley Dr. ...................................................goldparkhomes.com
67.
Whitby ............................................Queen’s Common ................................................... 1075 Taunton Rd.. .....................................................................mattamyhomes.com
68.
Whitby ...........................................Country Lane ............................................................ Taunton Rd. & Country Lane ........................................... countrylanewhitby.com
69.
Whitby ............................................Whitby Meadows ..................................................... Cochrane St. & Taunton Rd. ...........................................................opushomes.com
70.
Whitby ...........................................The Boatworks Towns in Whitby ......................... Brock St. S. & Victoria St. W. ........................................................andrinhomes.com
71.
Whitby ...........................................Park Vista/Whitby Meadows ................................. Cochrane St. & Taunton Rd ................................................... fieldgatehomes.com
72.
Whitby ............................................The Landing in Whitby Harbour........................... Brock St. South & Victoria St. ................................................................ carttera.com
73.
Whitechurch/Stouffville ............Blue Sky ...................................................................... 9th Line & Millard St. ................................................................ fieldgatehomes.com
74.
Whitechurch/Stouffville ...........Cityside Stouffville................................................... Tenth line & 19th Ave. ............................................................. fieldgatehomes.com
75.
Woodbridge ..................................Pine Valley.................................................................. Pine Valley Dr. & Major Mackenzie Dr. .....................................marlinspring.com
76.
Woodbridge ..................................The Enclave ............................................................... 410 Chrislea Rd. .......................................................................stateviewhomes.com nexthome.ca 55
HOT PROPERTIES | GREATER TORONTO AREA
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40
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8
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23
57 49
50 56
51
52 53 24
54
55 37 30
66
75 64
29 17 65
31
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28 9
14 15
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16 25 27 26
56 HOMES Magazine | July 2–30, 2022
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43
74 73 71
32 39
33
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41
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34
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61
MAPS
CARTOGRAPHY: MARKETMAPS.COM
Match the map numbers with property listings on the previous Hot Properties page
nexthome.ca 57
HOT PROPERTIES | OUT OF TOWN EAST
FIND YOUR NEXT HOME L
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h
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MAP wy W
1. 2. 3. 4. 5. 6. 7. 8.
LOCATION
SITE
ADDRESS
CONTACT
Courtice .........................................The Vale ...................................................................... Prestonvale Rd. & Bloor St....................................................... nationalhomes.com East Region ...................................Newbrook .................................................................. North St. & Concession Rd. ......................................................brookfieldhomes.ca East Region ...................................Haven on the Trent .................................................. Forest Hill Rd. & Riverside Trail................................................................. sifton.com Newcastle ......................................Belmont ...................................................................... West Coast ...........................................................................................treasurehill.com Peterborough ...............................Parklands & The Condo Arbour Villas ................ 1224 Chemong Rd. .......................................................................... masonhomes.ca Port Hope/Cobourg ...................Port Hope Lakeside Village ................................... 415 Lakeshore Rd. ............................................................................ masonhomes.ca Port Hope/Cobourg ...................Kingswood Cobourg............................................... 425 King St. E. .................................................................................... masonhomes.ca Port Perry.......................................Courts of Canterbury .............................................. Simcoe St. & Country Estates Dr. ......................................................geranium.com
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58 HOMES Magazine | July 2–30, 2022
HOT PROPERTIES | OUT OF TOWN NORTH
FIND YOUR NEXT HOME
The latest properties in the Out of Town North Area to keep your eye on 5
16
17
9
6 11
14
1
8
2
4
CARTOGRAPHY: MARKETMAPS.COM
7
12 13 3 10
MAP 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17.
LOCATION
SITE
ADDRESS
CONTACT
Barrie ..............................................Hampton Heights .................................................... Essa Rd. & Ardagh Rd. .............................................................stateviewhomes.com Barrie ..............................................FOUR10 Yonge ......................................................... 410 Yonge Street ............................................................................... masonhomes.ca Horseshoe Valley.........................Forest Heights Estates ............................................ 2 Diamond Valley Dr., Oro Medonte ................................. democrathomes.com Horseshoe Valley.........................One Twenty Fonthill Condominium Residences .... North Pelham atHwy. 20 ...........................................................mountainview.com Muskoka .........................................Highcrest in Muskoka ............................................. 46 Hanes Rd. ...................................................................... edgewoodmuskoka.com North Region ................................Craighurst .................................................................. Horseshoe Valley Rd. & Hwy. 93................................georgianinternational.com North Region ................................Mountain House at Windfall ................................. Mountain Rd. & Crosswinds Blvd, Collingwood ...georgianinternational.com North Region ................................Emerald Crossing..................................................... Hwy. 89 & Hurontario St., Shelburne .................................. fieldgatehomes.com North Region ................................Braestone Horseshoe Valley ................................. 3246 Line 9 North, Oro Medonte..............................georgianinternational.com North Region ................................GreenRidge & Beeton Village ............................... 41 Main St. W., Beeton .......................................................................flatogroup.com North Region ................................Midhurst Heights...................................................... Russel Rd. & Craig Rd...........................................................................geranium.com North Region ................................Edgewood Greens ................................................... Hwy. 10 & Main St. East, Dundalk ...................................................flatogroup.com North Region ................................Edgewood Suites ..................................................... 270 Hagan St. E., Dundalk .........................................................edgewoodsuites.ca North Region ................................Collingwood ............................................................. Maple & Sixth Street ..........................................................georgianinternational.ca North Region ................................Shelter Cove .............................................................. 15 Cricklewood Cres., Nanticoke ..................................................... sheltercove.ca Orillia ..............................................Professor’s Walk ....................................................... Diana Dr. & University Ave. ................................................... democrathomes.com Owen Sound.................................Greystone Village..................................................... 1800 2nd Ave. E...................................................................................flatogroup.com
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nexthome.ca 59
HOT PROPERTIES
FIND YOUR NEXT HOME
The latest properties in the Southwestern Ontario Area to keep your eye on
MAP
LOCATION
SITE
ADDRESS
CONTACT
1.
Burlington/Waterdown..............The Towns at Valera ................................................ 4858 Thomas Alton Blvd. ...................................................adidevelopments.com
2.
Burlington/Waterdown..............Nautique Lakefront Residences ........................... 375 Brant St. ............................................................................adidevelopments.com
3.
Burlington/Waterdown..............National Homes in Burlington, ............................ 484-490 Plains Rd. E. ............................................................... nationalhomes.com
4.
Burlington/Waterdown..............Affinity Condominiums .......................................... Plains Rd. E. & Filmandale Rd. ............................................ rosehavenhomes.com
5.
Burlington/Waterdown..............Millcroft Towns ......................................................... Appleby Line & Taywood Dr........................................... branthavenmillcroft.com
6.
Grimsby..........................................Century Condos ....................................................... Main St. East & Baker Rd. South ............................................. desantishomes.com
7.
Hamilton-Wentworth .................Losani Homes at Barton & Glover ....................... Barton St. & Glover Rd. ..................................................................losanihomes.com
8.
Hamilton-Wentworth .................Central Park: Midtown & Soho ............................. Upper Red Hill Valley Pkwy & Rymal Rd. .................................. MyCentralPark.ca
9.
Hamilton-Wentworth .................Tiffany Hill Phase 3.................................................. 288 Raymond Rd. ............................................................................... rosehaven.com
10.
Hamilton-Wentworth .................Monterey Heights .................................................... Shaver Rd. & Garner Rd. W. ..........................................................dicenzohomes.ca
11.
Hamilton-Wentworth .................Stonegate Park ......................................................... Upper Wellington St. & Stone Church Rd. E. ...........................dicenzohomes.ca
12.
Kitchener/Waterloo ....................Wallaceton ................................................................. Huron Rd. & Fischer-Hallman........................................................ heathwood.com
13.
Kitchener/Waterloo ....................River Ridge................................................................. 90 Deer Creek St. ............................................................................................. activa.ca
14.
Kitchener/Waterloo ....................Vista Hills.................................................................... 259 Sweet Gale St............................................................................................ activa.ca
15.
Kitchener/Waterloo ....................Avenue M ................................................................... 40 Margaret Ave. .................................................................................. avenuemkw.ca
16.
Kitchener/Waterloo ....................Young Condos at City Centre ............................... King West & Young St. ...................................................................andrinhomes.com
17.
Kitchener/Waterloo ....................Trailside at Grey Silo Gate...................................... 243 Grey Silo Rd............................................................................................... activa.ca
18.
Kitchener/Waterloo ....................Riverwood ................................................................. 90 Deer Creek St. ............................................................................................. activa.ca
19.
Kitchener/Waterloo ....................Doon South & Ormston at Doon South ............ 653 Thomas Slee Dr. ....................................................................................... activa.ca
20.
London ...........................................RiverBend Golf Community.................................. 2200 Jack Nash Dr. ..................................................................................... sifton.com
21.
London ...........................................Victoria Flats.............................................................. Commissioners Rd. E. & Hamilton Rd. ................................................... sifton.com
22.
London ...........................................Victoria On The River.............................................. Sheffield Blvd. & Commissioners Rd. E. ................................................. sifton.com
23.
London ...........................................Caverhill ..................................................................... Clarke Rd. & Kilallay Rd. ............................................................................. sifton.com
24.
London ...........................................Hudson Park.............................................................. Colonel Talbot Rd. & Pack Rd. .................................................................. sifton.com
25.
London ...........................................Liberty Crossing ....................................................... Wonderland Rd. S. & Hamlyn St............................................................... sifton.com
26.
London ...........................................Middleton................................................................... Wharncliffe Rd. & Exeter Rd. ..................................................................... sifton.com
27.
Milton .............................................The Valleylands ........................................................ Mayfield Rd. & Chinguacousy ............................................... fieldgatehomes.com
28.
Milton .............................................Milton Village ............................................................ Tremaine Rd. & Britannia Rd. ..............................................................greatgulf.com
29.
Milton .............................................Soleil............................................................................ Louis St. Laurent Ave. & Bronte St. S. ...................................mattamyhomes.com
30.
Mississauga ...................................5150 Ninth Line ........................................................ 5150 Ninth Line .........................................................................mattamyhomes.com
31.
Mississauga ..................................Whitehorn Woods.................................................... 1240 Britannia Rd. W. ................................................................ nationalhomes.com
32.
Mississauga ..................................Streetsville Centre ................................................... Mill St. & Queen St. S................................................................... dunparhomes.com
33.
Niagara Region ............................Millennium................................................................. Portage Rd., Niagara Falls ..........................................................mountainview.com
34.
Niagara Region ............................Lusso Urban Towns ................................................. Martindale Rd. & Grapeview Dr, St. Catharines. .............. lucchettahomes.com
35.
Niagara Region ............................Lyon’s Creek .............................................................. 4382 Mann St ................................................................................mountainview.com
36.
Niagara Region ............................Portview Estates ....................................................... Simcoe St. & Canal St..............................................................silvergatehomes.com
37.
Niagara Region ............................Vista Ridge & Vibrant at Vista Ridge .................... 4008 Mountain St. ..........................................................................losanihomes.com
38.
Niagara Region ............................Davis Heights ............................................................ 1535 Haist St, Pelham. ............................................................ lucchettahomes.com
39.
Niagara Region ............................Grimsby Waterfront ................................................. 398 N Service Rd. ...........................................................................losanihomes.com
40.
Niagara Region ............................Saffron Estates .......................................................... Port Robinson Rd. & Rice Rd., Fonthill ...................................mountainview.com
41.
Niagara Region ............................Lincoln Estates.......................................................... Lincoln Ave. & King St. ...................................................................losanihomes.com
42.
Niagara Region ............................The Residences at Hunters Pointe ...................... 71 Kyntre Trail............................................................................ lucchettahomes.com
43.
Niagara Region ............................Edgewater Trails ....................................................... Daimler Pkwy & Magnolia Ln, Welland. .............................. ballantryhomes.com
44.
Niagara Region ............................One Twenty Condos ............................................... Canboro Rd. & Rice Rd., Fonthill .............................................mountainview.com
60 HOMES Magazine | July 2–30, 2022
+ MAP
MAPS
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
LOCATION
SITE
Locate properties using the map on the following page
ADDRESS
CONTACT
45.
Niagara Region ............................Village on the Twelve ............................................. 21 Willow Bank Common St. ................................................silvergatehomes.com
46.
Niagara Region ............................River Estates .............................................................. Lametti Dr., Pelham.....................................................................mountainview.com
47.
Niagara Region ............................Timberwood Estates ............................................... Merritt Rd. & Grisdale Rd., Thorold .........................................mountainview.com
48.
Niagara Region ............................Ryan’s Grove ............................................................. 13 Tanner Dr. ............................................................................. lucchettahomes.com
49.
Niagara Region ............................Legends On The Green .......................................... Niagara Pkwy & Legends Way ............................................... silvegatehomes.com
50.
Niagara Region ............................West Community ..................................................... 44 Elderberry Rd., Thorold........................................................mountainview.com
51.
Niagara Region ............................Harbourtown Estates .............................................. Fort Erie ......................................................................................silvergatehomes.com
52.
Oakville ..........................................The Greenwich at Oakvillage ............................... Trafalgar Rd. & Dundas St. East ..................................................... branthaven.com
53.
Oakville ..........................................Oakville Ravine Townhomes ................................ Sixth Line & Germorda Dr.......................................................... dunparhomes.com
54.
Oakville ..........................................Bronte Meadows ...................................................... Bridge Rd & Warminster Dr. .............................................................flatogroup.com
55.
Oakville ..........................................Randall Residences ................................................. Trafalgar Rd. & Randall St..................................................... rosehavenhomes.com
56.
Oakville ..........................................Upper West Side Condos 2.................................... 351 Dundas St. East .......................................................................... branthaven.com
57.
Oakville ..........................................Trafalgar Ridge.......................................................... River Oaks Blvd. & Namron Gate ............................................. dunparhomes.com
58.
Oakville ..........................................The Preserve & East Preserve .............................. Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com
59.
Oakville ..........................................The Preserve Woodland Estates .......................... Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com
60.
Oakville ..........................................5North The Preserve,.............................................. Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com
61.
Oakville ..........................................The Villages of Oak Park ........................................ Trafalgar Rd. & Dundas st. E. ................................................. ballantryhomes.com
62.
Oakville ..........................................West & Post................................................................ 2714 Westoak Trails Blvd. ..................................................branthavenoakville.com
63.
Oakville ..........................................Upper Joshua Creek ............................................... 9th Line & Dundas St. ..............................................................mattamyhomes.com
64.
Oakville ..........................................La Réserve.................................................................. 153 Reynolds St. ..................................................................... rosehavenhomes.com
65.
Welland ..........................................Sparrow Meadows ................................................... 335 Hillsdale Rd.. ................................................................... rosehavenhomes.com
66.
West Region ..................................The McKenzie Towns .............................................. 1535 McKenzie Rd. ......................................................................mountainview.com
67.
West Region ..................................Sifton Homes ............................................................ Hyde Park Rd. & Ilderton Rd. .................................................................... sifton.com
68.
West Region ..................................Boulder Creek ........................................................... Cleaver Rd. & King Edward St. .................................................................. sifton.com
69.
West Region ..................................St. George Village .................................................... Concession 2 & Woodhill Rd. ......................................................losanihomes.com
70.
West Region ..................................HarrisView.................................................................. 34 Hollingshead Rd..................................................................................... sifton.com
71.
West Region ..................................Brant West .................................................................. 562 Shellard Ln ....................................................................................brantwest.com
72.
West Region ..................................Magnolia Trails .......................................................... Modeland Rd. & Michigan Lane ............................................................... sifton.com
73.
West Region ..................................Rosewood.................................................................. Nissouri Rd. & Thorndale Rd..................................................................... sifton.com
74.
West Region ..................................Soleil St. Clair ............................................................ Corunna ......................................................................................................... sifton.com
75.
West Region ..................................Seasons & Watercolours at Simply Grand ......... 1039 Rest Acres Rd. ........................................................................losanihomes.com
76.
West Region ..................................Knightsbridge ........................................................... Graff Ave. & Mornington St. ...................................................................... sifton.com
77.
West Region ..................................Hazelwood on the Grand ...................................... Hardy Rd......................................................................................................... sifton.com
78.
West Region ..................................Cottonwood.............................................................. Dingle St. ........................................................................................................ sifton.com
79.
West Region ..................................Hawthorne Park ....................................................... Oakwood Dr. & Byron Ave. ....................................................................... sifton.com
80.
West Region ..................................Reflections Caledonia ............................................ 1437 McKenzie Rd .................................................................... ballantryhomes.com
81.
West Region ..................................Lakeside Landing Wellington................................ 411 Main St., Wellington.......................................................... royalcliffhomes.com nexthome.ca 61
HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA 27
KITCHENER–WATERLOO
Guelph 17
14
Waterloo 12 Kitc
16 15
hener
Milton
13 18
32 34
76
33 19
Cambridge 1 5
68
3 70 67
4
75 77
Brantford
Hamilton
71 9 10
LONDON
8
73
23 69 20
11
66 85
London 22 21
80
26 72
25 24
74
78
62 HOMES Magazine | July 2–30, 2022
81 31
Mississauga
32
30
63 58
52 56 65 66
57
53
64 Oakville 55
64
54
MAPS Burlington
7
39 46 6
41 37
45 34
St Catharines
50 33
Niagara Falls 79 44 40
38 48
65
47 42 43
36 35
49
Welland
51
CARTOGRAPHY: MARKETMAPS.COM
2
Match the map numbers with property listings on the previous Hot Properties page
nexthome.ca 63
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ADVERTISER INDEX — Find ads easily inside this edition Activa ........................................................................................... 3 2 Andrin Homes ............................................................................ 3 2 Ballantry Homes........................................................................ 3 2 Black & Decker ..........................................................................6 4 Brampton Brick.......................................................................... 6 7 Branthaven Homes ...................................................... 12, 13, 33 Country Homes......................................................................... 3 3 D.O.T. Furniture.......................................................................... 6 5 Democrat Homes ...............................................................33, 41 Dunpar.................................................................................. 32, 45 Fieldgate Homes .................................................................15, 32 Flato Developments Inc. .....................................................3, 32 FocalPoint E-News ...................................................................4 6 Georgian International ................................................... 4, 5, 33 Geranium Homes ..................................................................... 3 3 Great Gulf ................................................................................... 3 3 Heathwood Homes .................................................................. 3 2 Hissence...................................................................................... 3 5
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Mattamy Homes........................................................................ 3 3 Menkes ........................................................................................ 3 2 National Homes .................................................................. 11, 32
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Paradise Developments .......................................................... 3 3
Rosehaven Homes.................................................................... 3 3 Royal Pine Homes..................................................................... 3 2 SanDiego Homes ...................................................................... 3 2 Sifton ............................................................................................ 3 2 Silvergate Homes ..................................................................2, 33 Stanley ......................................................................................... 3 5 Stateview Homes ..................................................................9, 33 Tribute Communities ............................................................... 3 3
www.blackanddecker.ca | 64 HOMES Magazine | July 2–30, 2022
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ADVICE | INDUSTRY REPORT
SHOVELS IN THE GROUND NOW THAT THE ELECTION IS OVER, IT’S TIME TO GET TO WORK
DAVE WILKES
Leading up to the provincial election, there was a broad consensus in parties’ platforms that our region’s housing affordability problem is the result of insufficient housing supply, and that action needs to be undertaken to increase it. Now that the election is behind us, what are the practical steps that government needs to take to get the region out of this crisis? As BILD has consistently advised, action needs to focus on three key areas: Land supply, government charges on housing, and development approvals. Land supply is the raw ingredient without which no new housing can be built. It includes land near urban areas that is currently undeveloped, and also land within existing communities to enable intensification. More land must be designated for future development at the outskirts of municipalities, a measure that the vast majority of residents of the GTA supports, according to a recent IPSOS survey conducted for BILD. Recognizing that it takes decades for new development to progress, this must be done now, with an eye to accommodating future growth. Within existing municipalities, barriers must be removed to make it simpler and faster to add gentle density. This means making it easier to build “as of right” and doing away with old zoning rules that effectively 66 HOMES Magazine | July 2–30, 2022
exclude development from vast swaths of the urban landscape. We must also stop taxing new housing at the current unsustainable levels. Taxes and charges from all levels of government now account for approximately 25 per cent of the cost of a new home. Those imposed at the municipal level are often the most significant, perhaps because requiring new-home owners to pay for needed services and infrastructure allows municipalities to avoid the difficult decision of raising property taxes. In fact, many municipalities are currently looking to increase the costs and taxes levied on new development. We must ensure that new homeowners are not asked to shoulder an unfair burden. Lastly, development approvals and requirements must be streamlined. Getting new housing built simply takes far too long in the GTA, due to unnecessarily complicated and bureaucratic approval processes. This slows down and adds costs to each new housing unit coming to market.
Fixing the GTA’s housing problem requires visionary leadership. There is no doubt that GTA residents are concerned about housing affordability and will expect governments at all levels to work towards a balanced, properly functioning housing market, where supply more accurately matches demand. The time for debate has come to a conclusion – now it’s time for bold action to bring sustainable solutions that will turn challenges into opportunities.
Dave Wilkes is President and CEO of the Building Industry and Land Development Association (BILD), the voice of the homebuilding, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter, @bildgta or visit bildgta.ca.
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