GTA Homes Magazine - August 26, 2023

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THE RIVER SEPARATES YOU FROM EVERYWHERE ELSE

The undeniable charm of Paris with its cobblestone century homes, stylish shops and fine restaurants follows the broad sweep of the Grand River. But just a stroll from this vibrant, historic downtown, the quiet banks of the Nith River shelter an untouched protected peninsula. This is the matchless setting of Riverbank Estates. Life on the Riverbank is timelessly elegant. Wrapped on three sides by woods and water, this extraordinary setting will be home to a collection of farmhouse-chic detached homes on 46’-50’ lots, stunning townhomes, and a rare and very desirable offering of Losani Premium statement homes.

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GRAND RIVER

IN YOUR DREAMS

That’s where we find inspiration for National’s designs. We start with listening to your hopes and aspirations through focus groups, surveys and face-to-face at our Blueprint Workshops. Then we make those dreams a reality, in a place you will want to call home, with experiences and amenities that will make your life more complete. It’s a different, and better way of building. Because at National, you are the blueprint.

NORTHSHORE CONDOS

NOW OPEN IN BURLINGTON

Modern urban sophistication has come to 490 Plains Rd. E. overlooking the rolling fairways of Burlington Golf and Country Club.

1, 2 & 3 BEDROOM CONDOS FROM THE $500s

DUO CONDOS

NEW RELEASE IN BRAMPTON

26 storey condominium development now under construction Steeles Ave. W. near Hurontario St.

CONDOS AND TOWNS FROM THE $500s

WHITEHORN WOODS

NEW RELEASE IN MISSISSAUGA

Refined towns on Britannia Rd. W. minutes from the Heartland Shopping District.

NEWLY DESIGNED TOWNS FROM $1.1M

PERSONAL FINANCE | JESSE ABRAMS

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

WESTERN VIEW | MIKE COLLINS-WILLIAMS

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

HOME REALTY | DEBBIE COSIC

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

REAL ESTATE PRO | BARBARA LAWLOR

Barbara Lawlor is President and CEO of Baker Real Estate Inc., and an indemand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in Canada and overseas. baker-re.com

DECOR | LINDA MAZUR

Linda Mazur is an award-winning designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds throughout the GTA and Canada. lindamazurdesign.com @LindaMazurGroup

BIG STYLE, SMALL SPACES | LISA ROGERS

Lisa Rogers is Executive Vice-President of Design for Dunpar Homes. Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and The Shopping Channel. Lisa is also a regular guest expert on CityTV’s Cityline. dunparhomes.com.

LEGALLY SPEAKING | JAYSON SCHWARZ

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

BILD REPORT | DAVE WILKES

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

SENIOR VICE-PRESIDENT, SALES, NEXTHOME

Hope McLarnon

416.708.7987, hope.mclarnon@nexthome.ca

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CONTRIBUTORS

Jesse Abrams, Paul Baron, Mike Collins-Williams, Debbie Cosic, Barbara Lawlor, Linda Mazur, Ben Myers, Lisa Rogers, Jayson Schwarz, Dave Wilkes

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Mike Terentiev

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MORE HELP IS ON THE WAY

Before the words even left his mouth, Prime Minister Justin Trudeau surely must have known he erred last month when he said that housing was “not my problem.”

Here we are, barely a couple weeks later, and Trudeau was walking back those comments, saying that while housing may not be a direct federal responsibility, there are ways Ottawa can help.

Cue the meeting of his cabinet in Charlottetown, PEI which, at press time, was discussing exactly that, as the main agenda item.

As Dave Wilkes, president and CEO of the Building Industry and Land Development Association writes in his column on page 50, the federal government absolutely does have means to help build more homes.

“The federal government has several tools at its disposal to help spur the addition of housing supply and improve affordability,” Wilkes says, adding that they include waiving or deferring HST on purpose-built rental housing, indexing the price thresholds for the GST/HST new housing rebate and helping municipalities and provinces fund housing-supportive infrastructure.

Another of our expert columnists, Mike Collins-Williams, CEO of the West End Home Builders’ Association, offers other suggestions on page 26: Re-introducing 30-year amortizations, adjusting mortgage qualification criteria, namely the stress test, and other moves to help first-time buyers enter the market.

At the provincial level, Premier Doug Ford announced on Aug. 21 the Building Faster Fund, a new three-year, $1.2-billion program to provide new funding to municipalities, based on performance against provincial housing targets. The fund will provide $400 million in new annual funding for three years to municipalities that are on target to meet provincial housing targets by 2031. Municipalities that reach 80 per cent of their annual target each year will become eligible for funding based on their share of the overall goal of 1.5 million homes.

He had earlier pointed out that some municipalities needed more help to reach their targets than others. For example, on the high side, Brantford was on pace to meet 109 per cent of its target, Pickering 107 and Toronto 90 per cent. At the low end, Burlington is on pace to hit just five per cent of its target, Brampton 23 and Mississauga and Ajax 29 per cent.

Trusting that such a program encourages municipalities to find ways to expedite their homebuilding, and that Trudeau and company devise their own helpful measures, we now can turn our attention to the next Bank of Canada rate announcement on Sept. 6.

Hopefully, BoC too will help the cause, by not instituting its third straight rate increase.

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GTA NEW HOME MARKET SLOWS IN JUNE

The GTA new home market was relatively quiet in June, with sales significantly below the 10-year average, the Building Industry and Land Development Association (BILD) reports.

There were 2,526 new home sales in June, which was up 32 per cent from June 2022 but 30 per cent below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.

Condominiums, including units in low-, medium- and highrise buildings, stacked townhouses and loft units, accounted for 1,957 units sold in June, up 11 per cent from June 2022 and 21 per cent below the 10-year average.

There were 569 single-family home sales in June, up 256 per cent

from June 2022 but 49 per cent below the 10-year average. Singlefamily homes include detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses).

“There is no doubt that the recent escalation in interest rates is pushing some prospective newhome buyers to the sidelines,” says Dave Wilkes, BILD president and CEO. “Rising interest rates also delay the addition of much-needed supply to the market, because pre-construction sales are a crucial element in financing new housing. Thus, when the Bank of Canada continually raises interest rates, it is exacerbating Canada’s housing supply and affordability crisis.”

“New home sales took a step back in June,” adds Edward Jegg,

research manager at Altus Group. “Increased supply eased pressure on prices but buyer hesitancy has returned.”

June’s total new home remaining inventory increased compared to the previous month, to 16,379 units. Remaining inventory includes units in preconstruction projects, in projects currently under construction and in completed buildings.

Increased inventory had a softening impact on prices. The benchmark price for new condominium apartments was $1.09 million, which was down 8.4 per cent over the last 12 months. The benchmark price for new singlefamily homes was $1.71 million, which was down 6.9 per cent over the last 12 months.

GTA RESALE MARKET MORE BALANCED IN JULY: TRREB

Greater Toronto Area GTA home sales, new listings and home prices were up in July 2023 in comparison to July 2022, according to the Toronto Regional Real Estate Board (TRREB). On a seasonally adjusted basis, the market experienced more balance in July compared to June, with sales trending lower while new listings were up.

“Home sales continued to be above last year’s levels in July, which suggests that many households have adjusted to higher borrowing costs,” says TRREB President Paul Baron. “With that being said, it does appear that the sales momentum that we experienced earlier in the spring has stalled somewhat since the Bank of Canada restarted its rate tightening cycle in June. Compounding the impact of higher rates has been the persistent lack of listings for people to purchase compared to previous years.”

GTA realtors reported 5,250 sales through TRREB’s MLS system in July 2023, representing a 7.8-per-cent increase compared to July 2022. Over the same period, new listings were also up, but by a greater annual rate of 11.5 per cent. The MLS Home Price Index Composite benchmark was up by 1.3 per cent year-over-year. The average selling price was also up by 4.2 per cent to $1.11 million over the same timeframe.

On a seasonally adjusted monthly basis, the number of sales trended

lower for the second straight month, whereas new listings trended upward. The seasonally adjusted average selling price edged lower while the MLS HPI Composite benchmark edged higher.

“Uncertainty surrounding the direction of borrowing costs, jobs and the overall economy has impacted home sales over the last two months,” says TRREB Chief Market Analyst Jason Mercer. “Over the long term,

the demand for ownership housing will remain strong on the back of record population growth. However, many homebuyers will continue to be on the sidelines in the short term until the direction of monetary policy and the economy becomes clearer.”

“We continue to suffer from a misalignment in public policy as it relates to housing,” adds TRREB CEO John DiMichele. “The federal government is targeting record levels of immigration for the foreseeable future, but we have seen very little tangible progress in creating more ownership and rental housing to accommodate this growth.

Population growth is imperative for economic development; however, this growth will be unsustainable if people can’t find an affordable place to live. All three levels of government need to be on the same page to fix this problem.”

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

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ONTARIO MARKETS HOLDING THEIR OWN IN IMPACT FROM INTEREST RATE HIKES

Canadian home prices may have fallen in response to rising interest rates, but when looking back over two years, they remain on a longterm upward trend, according to the seventh annual Price Per Square Foot survey from Century 21 Canada, comparing the price per square foot of properties sold between Jan. 1 and June 30 this year to the same period of previous years.

Hot housing markets of the largest city centres are seeing lower condo prices but smaller markets are seeing price per square foot growth, especially in single-family homes. Ontario markets are holding their own, while Alberta bucked the trend and experienced price increases in many markets this year, and BC saw the most significant price declines.

ONTARIO HOLDING ITS OWN

Canada’s most populous province saw a wide range of change throughout, from declines to rises all over the map. Toronto condos remain at $1,013 per sq. ft., though this is a 16-per-cent drop from 2022 to a level roughly in line with 2021 and 2020 prices. However, cities such as Niagara Falls and Cambridge saw their family home types gain in the doubledigits, and they lead an overall trend of cities farther away from the GTA seeing growth in the price of singlefamily homes.

“The trend of families looking for space away from the downtown core continues,” says Eryn Richardson, owner of Century 21 Heritage Group. “The changing interest rates definitely had an impact on the prices, as buyers are more hesitant, but no single market has fallen dramatically and we’re still seeing a lot of growth.”

Most markets in Canada that did experience price declines from last year remained roughly equivalent to their 2021 benchmarks and well above earlier years. This year’s survey offers

data going back to 2018 for numerous communities coast-to-coast.

“We knew that the market had to come down from the highs of the last few years, and we’re now fully seeing the effects of the interest rate growth that started last year,” says Todd Shyiak, executive vice-president of Century 21 Canada. “But we have to look at these numbers within the larger context. The fact that we haven’t dipped to prepandemic levels shows that homes are still in demand, and we continue to see growth in smaller markets as more families seek a lower cost of living.”

Prices had reached low points in January but steadily climbed over the spring, though many markets didn’t manage to regain their 2022 levels. Condos in Vancouver, Toronto and Montreal all saw declines, while detached homes across small Ontario cities rose, as did those in Atlantic Canada, indicating families

seeking space. New Brunswick is emerging as a leader in Atlantic Canadian growth. Results from the 2021 census showed that Moncton, Fredericton and Saint John are seen as popular locations for immigrants, and the results from this year’s PPSF survey indicate that trend has continued.

Shyiak says inventory will play a major factor in prices going forward, as sellers may hold off on putting their homes on the market in response to a hesitant buyer base.

“Ultimately, we don’t know what the next six months holds for our housing prices, but it’s important not to get too focused on any single year and look at each data point within the larger context of ever evolving trends. That’s why this survey becomes more valuable year-overyear, because it allows us to see the big picture of Canadian housing.”

MONEY AND MORALS COME TOGETHER IN CLIMATE CHANGE: SUSTAINABLE PROPTECH CANADA REPORT 2023

It’s becoming more important every day, and this year’s deep dive into Canada’s sustainable property technology industry outlines where value meets values in the 2023 Sustainable Protech Canada Report This year’s report contains a comprehensive list of Canadian sustainable proptech startups, a market map of Canada’s sustainable proptech ecosystem, survey insights, analysis of current proptech trends and interviews with Jon Love from Kingsett Capital, Jon Ramscar from CBRE and Sanders Lazier from Carbonhound and other leading industry experts. There’s also an overview of the growing array of products from the Canadian banks which lend to companies that take sustainable mandates seriously and integrate them into their building projects.

The push to decarbonize buildings continues. Governments around the world are enacting regulations to both incentivize buildings to become more efficient and penalize those that don’t comply. This means there are significant opportunities

for innovators who can create new technology, products and services for the industry.

Sustainable Proptech is a Canadian company created as a central hub to help the industry navigate through the fast and ever-changing technology landscape and make an important contribution to environment, social and governance (ESG) and real estate in Canada.

“It’s in the air everywhere these days,” says Deena Pantalone, founder and managing partner of Venturon, and co-founder of Sustainable Proptech. “And I don’t

just mean smoke from wildfires. People are talking about climate, health and sustainability. We know that time isn’t on our side. That’s why our clear mission is to accelerate the achievement of sustainability goals through bridging the worlds of technology and real estate with sustainability experts, tech entrepreneurs, investors and fresh thinkers.”

Venturon Principal/Director of Operations and Sustainable Proptech Co-Founder Joanna Creed adds, “New innovations come when innovators and thought leaders interact and share ideas.”

The report brings together a wealth of information, with usable data and important connections designed to help push the boundaries of sustainable proptech here in Canada.

“Global real estate leaders are pivoting rapidly towards adoption of innovation as we move towards our 2030 net zero goals. Change is essential. It can also be very profitable for those who lead the way.”

For more information on Venturon, venturon.com.

To receive the Sustainable PropTech Canada Report 2023, visit sustainableproptech.com.

BUILDER PROFILE

Flato Developments – where small town charm meets big town expectations Flato Developments Inc. is a developer like no other. From luxury singles in Markham, Oakville and Caledon to master-planned communities in Dundalk, Lindsay and Owen Sound. Flato Developments is a force for forward progress in community development projects.

HOUSING MARKET

GTA new home market gains momentum in May

The GTA new home market gained momentum in May, registering the first year-over-year increase in more than a year, the Building Industry and Land Development Association reports.

NEW COMMUNITY

Riverbank Estates – where riverside living embraces nature’s splendour

Imagine a place where the serene embrace of nature meets the elegance of riverside living, creating an unparalleled setting that beckons you to call it home. Welcome to Riverbank Estates.

INSIGHT

Markham and Scarborough hot real estate areas Markham and Scarborough are some of the hottest areas for real estate development in Toronto, particularly for condos.

LEGAL ADVICE

What is a power of attorney and what should it include?

Whether you’re young or older, preparing Powers of Attorney and Wills is a must for everyone.

THE PROS AND CONS OF REFINANCING

YOUR MORTGAGE EARLY

WHAT DOES IT MEAN TO REFINANCE YOUR MORTGAGE?

The real estate and mortgage world is in an interesting place right now, with a lot of volatility. Although rates are increasing, there are many Canadians still considering a mortgage refinance, whether it’s to consolidate debt or leverage their home equity. After last year, a lot of Canadians have high rates on their mortgages. This has left many thinking about the potential for rates to decrease in the next two to three years so they can eventually refinance and lock in a lower rate.

Refinancing a mortgage happens when a mortgage owner breaks their mortgage before the end of their term (such as year three of their five-year term) or, if they change their mortgage terms (amortization length or amount borrowed) at the end of their term without breaking early. In these situations, the mortgage owner would refinance their current mortgage to a new one – either with their current lender or, more often, with a new lender.

Pro-Tip: When refinancing, you can make big changes, such as borrowing more money (up to 80 per cent of your home’s value). You cannot do this when you switch.

PROS OF REFINANCING YOUR MORTGAGE EARLY:

• Take advantage of lower interest rates: If the current interest rates are lower, this could decrease your monthly payments and save you money over time.

• Better mortgage terms: Refinancing allows you to explore your options and shop around for mortgage terms that are more aligned with your current financial situation.

• Debt consolidation: Refinancing allows you to consolidate all your debt into a single mortgage loan at a lower interest rate, allowing you to pay it off faster.

• Opportunity to tap into your home equity: You can tap into the equity you’ve built in your home and use this to fund major expenses such as home improvements, education, or debt repayment.

CONS OF REFINANCING YOUR MORTGAGE EARLY:

• Fees and penalties: Make sure to check your existing mortgage

agreement for penalties as these may end up being higher than the interest savings.

• Potential rate increases: Consider the impact of potential rate increases, especially if you have a variable-rate mortgage. In the current rate environment, someone could potentially see a multiple percentage-point increase.

• Closing costs: Legal fees, appraisal fees and mortgage discharge fees can decrease your total savings. Oftentimes, some of these fees are covered by the lender.

• Potential increase in overall interest: A longer-term loan could lead to an overall increase in the interest you have to pay over the course of your mortgage.

• Qualification criteria: You’ll have to qualify for refinancing and will be subject to lender approval and income verification checks.

Over the last year at Homewise, we have helped several clients navigate the marketplace in light of recent rate increases, always finding a solution that fits their current budget and future goals. If you are pondering whether to refinance your mortgage early in your term, simply take the time to understand the current economic conditions, alongside your personal finances. If you need a second set of eyes, never hesitate to reach out to a mortgage professional for help. You can never be too careful when it comes to your financial future.

24 HOMES Magazine | Aug. 26–Sept. 23, 2023

When refinancing, you can make big changes, such as borrowing more money (up to 80 per cent of your home’s value). You cannot do this when you switch.

MORE

JESSE ABRAMS

CAPITALIZING ON THE HIGHS OF THE REAL ESTATE MARKET

DEBBIE COSIC

In August 1981, the variable mortgage rate reached a record high of 22.75 per cent. And, in the early 1980s, the average price of a house in Canada was $75,000, with prices doubling by 1989.

The lowest fixed mortgage rate for a five-year term of 2.44 per cent was available 40 years later in 2021. Emergency actions by the Federal Reserve helped to keep mortgage rates below three per cent during the pandemic, but since 2022 a sizzling inflation has caused interest rates to reach their highest level in 20 years.

THE BEST LAID PLANS

So often we seem to be on one trajectory, and then that very thin dime takes a proverbial turn, and we find that our projected budget just flew out the window, along with a desired acquisition that had been on our wish list for quite some time. Time to rethink and come up with a new strategy.

Following the most recent interest rate increase on July 12, even Bank of Canada governor Tiff Macklem seemed uncertain. “These decisions are difficult. And we did discuss the possibility of holding rates unchanged and gathering more information to confirm the need to raise the policy rate.” He went on to say, “On balance, our assessment was that the cost of delaying action was larger than the benefit of waiting.”

NAVIGATING A NEW PATH

With the latest hike, BoC is predicting that inflation will hold at approximately three per cent for the coming year, and should return to two per cent by the middle of 2025. In the meantime, higher rates may lead to more interest on savings accounts and guaranteed investment certificates. While many Canadians are remaining cautious and curbing their spending on travel, entertainment and leisure activities, many are still benefitting from increased savings and reduced spending habits as a result of the pandemic. Household savings rose approximately $350 billion above pre-pandemic levels by the end of the third quarter of 2022. In the

second quarter of 2020, the average saving rate of a Canadian household was 26.5 per cent, compared to an average of 6.2 per cent by the second quarter of 2022.

POSITIVE RETURNS

For those who are considering buying a home, especially a pre-construction home, there are advantages to purchasing now. The higher interest rates of today will likely be on the decline by the time you have to close in two to four years, but you are benefiting from the wide availability of units and the variety of incentives being offered today.

On the resale side, listed homes are remaining on the market for longer periods of time, offering buyers respite, as well as alleviating the recent supply crunch. Plus, some homeowners may choose to sell, to ease their financial burden, which will also bolster available options.

A one-per-cent increment in mortgage rates often correlates to a five-per-cent reduction in price, or a slower rate of increase in sale prices. Ultimately, buying a house when housing prices have dipped due to an interest rate hike, may yield larger profits down the road.

I’ve said it before and I’ll say it again – buy real estate and wait, don’t wait to buy real estate.

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

FEDERAL GOVERNMENT

NEEDS TO ADJUST MORTGAGE QUALIFICATION CRITERIA

Through our national association, the West End Home Builders’ Association (WEHBA) has been urging the federal government to enact measures to increase housing supply and affordability and ultimately ease the current hurdles facing homebuyers. Canada grew by an astounding one million people last year, but the supply of new housing construction isn’t keeping up. On the contrary, residential construction is currently slowing. This explosive growth, in combination with high interest rates, will result in an even more difficult situation going forward. High borrowing rates are incompatible with meeting federal government’s new housing construction objectives, that aim to bring housing affordability to Canadians. Federal action on housing is needed.

The Canadian Home Builders’ Association (CHBA) has recommended several public policy ideas that could quickly be implemented by the federal government. These include a reintroduction of insured 30-year amortizations for first-time buyers, increasing the threshold for the GST New Housing Rebate, greater tax incentives for purpose-built rental developments, and greater federal support for new public infrastructure related with new housing. The combined effect of such measures would significantly increase new housing supply, while helping get first time homebuyers into the market.

CHBA CEO Kevin Lee recently stated that, “When it comes to

individual homebuying, the stress test has been a barrier and continues to be, and we recommend that it gets adjusted and ratcheted down –especially for longer-term mortgages. We think that steps should be taken to encourage more seven- and 10-year mortgages, rather than the industrystandard five-year term that’s so popular with Canadians because of its security.”

CHBA continues to raise concerns about the stress test and advocates against extra tightening of underwriting that will further suppress the market. The stress test, for both insured and uninsured mortgages, should be ratcheted down to favour longer-term mortgages to better stabilize the market, while supporting first-time buyers.

Another potential change that would greatly assist homebuyers in a higher-cost and higher-interest rate environment would be for both the insured and uninsured mortgage stress tests to be reduced on a declining basis for seven- and 10-year mortgage terms. This would support affordability and improve market stability.

However, the most significant long-term solution to the housing crisis is to increase housing supply. Here in Ontario, we need to almost double the amount of housing construction and build 1.5 million new homes over the next decade. A balanced housing market where supply meets demand, leads to more stable and predictable housing prices. New home construction of different types and tenures provides a wider variety of housing options, that better meet the diverse needs, budgets and preferences of potential homebuyers and renters. It also benefits the greater economy and livability of our region as it involves new infrastructure and development activities that stimulate economic growth, create jobs and boost related industries.

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

MIKE COLLINS-WILLIAMS

DEDICATED TO EXCELLENCE

THESE BUILDERS ARE PROUD OF THEIR COMMITMENT TO EXCELLENT CUSTOMER SERVICE AND CREATING GREAT COMMUNITIES.

SEPT 29 - OCT 1 ENERCARE CENTRE | EXHIBITION PLACE

The Fall Home Show is back!

It doesn’t matter where in Toronto or the GTA you live. It doesn’t matter how big or how small your home is. It doesn’t matter if your style is modern chic or rustic wonder. The Fall Home Show is for you! Shop over 300 home and lifestyle vendors, plan your next renovation, get free interior design advice, and more!

Don’t Miss!

Learn From the Experts!

Don’t miss your favourite celebrities, including HGTV Canada’s Scott McGillivray and more at the Fall Home Show this year!

Get Hands On!

Tired of the clutter in your home and workshop? Stop by the DIY Centre to find some storage and organizational projects you can easily tackle.

For more information vist: FALLHOMESHOW.COM

Free Design Advice

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PREPARING TO BUY IN UNCERTAIN TIMES

JAYSON SCHWARZ, LLM

Home prices are falling in some cases and interest rates have risen. What does this mean for you, as you consider buying a new home?

Real estate is the most important investment that most people will make in their life. The single biggest rule in any real estate purchase is this: Do not go into a real estate deal thinking you can pull off a quick flip. If you can hold for the long term, you will rarely go wrong.

In these most interesting times, the biggest risk is to the investor group. Today’s prices require significant cash invested to make that scenario work, especially if mortgage rates go up. My advice, be very careful.

If you are buying a home as your principal residence, it’s always the right decision if you can carry it, even if rates rise. The performance of the GTA market over the last several years indicates that if you wait, it’s likely going to cost you more; a lot more.

Homeownership as a principal residence satisfies many needs. The best way to protect yourself in a rising interest rate environment is to put down a large down payment, as this hedges against rate increases. If you are not able to do that, but have good cash flow, you may still be fine, and in both cases your goal should be to hold for the long term. This will likely yield price growth, despite the ups and downs, and in the end it will prove to be the best investment you ever made. After all, where else can you “enjoy” your money every day?

When you walk through the front door, you know this is your home – a place for you, your family and your pets. In addition your financial gain is, so far, tax free.

The law of supply and demand dictates price. As immigration continues to increase and housing inventory remains low, prices will ordinarily continue to rise, or at the very least remain stable.

Can a price adjustment happen? The one scenario to be aware of is a significant increase in interest rates. Yes, rates may climb – some economists predict as many as six small increases over the next two years – and inflation has risen.

COVID and supply shortages have had an impact around the world, and the cost of living has risen everywhere. If the untangling of the supply chain doesn’t fix the problem, and the thousands of people affected by the pandemic don’t return to work, the cost of living will continue to rise. However, many experts believe that once the supply chain returns to normal, inflation will settle at the acceptable level of two to three per cent per year.

Governments, though, don’t always act rationally when people cannot afford to buy groceries, and they believe prices must be brought under control. This inflation is different, because it’s brought on by shortages, not wage increases. If the Canadian and U.S. governments overreact to inflation and raise interest rates too much or too quickly, the economy will suffer and the housing market may be detrimentally affected. Let’s hope rational thinking prevails, and rate increases are slow, measured and effective.

These issues can be complicated, but for you as a prospective homebuyer, your focus is more narrow: Save as large a down payment as possible, consider taking the longest mortgage you can with the shortest amortization you can afford, lock in your payments, and plan for contingencies. Remember, every blended payment reduces your outstanding principal, and this will help you with payments even if there has been a rate increase, when it’s time to renew.

Once you buy, don’t even think about your home’s value; just enjoy it and pay off as much of your mortgage as you can. The value will always be there. Face the future with confidence, knowing you made a wise homebuying – and investment – decision.

Once you buy, don’t even think about your home’s value; just enjoy it and pay off as much of your mortgage as you can.

THE RELATIVITY OF NEW HOME REAL ESTATE

Having worked in the new home real estate industry for decades, I am fascinated to look back and see how things have changed. Looking at the big picture, as different as things are, they are also relative. Think about designs. Thirty years ago, layouts of both homes and condominiums were configurations of individual rooms, whereas nowadays, open-concept is the rule. Today’s airy designs invite the flow of natural light from generous windows and accommodate spaces for families to spend time together. And beautiful kitchens are part of the open living area. Finishes such as matching and contrasting cabinet colours and styles make these rooms as lovely as they are functional.

Efficiency in design is paramount, as rising price points have dictated more compact square footages, especially in condos. And speaking of condos, building amenities are attractive, light-filled common areas rather than simply a pool situated on the lower level. Today’s amenities appeal to a much-broadened condo market as opposed to decades ago, when purchasers were mostly seniors and empty-nesters. Nowadays, we have young professionals and growing families seeking the price points and lifestyle conveniences of condominiums.

Of course, price points for both condos and lowrise homes have risen over the past few years. I remember when I started out in the business, GTA buyers could pick up a beautiful new home or condominium for less than $100,000. Remember my point

about everything being relative? That was also a time when mortgage interest rates shot up past 20 per cent, yet people still found ways to afford homes. Although prices were lower, people made a lot less in wages and salaries. And looking at the big picture again, those homes have increased in value tremendously over the years. If you are an existing new home or condo owner, you will also get a lot more for your residence will bring in far more than you paid for it. Keep in mind that during the pandemic years, they increased by up to 40 per cent, which was unheard of. Even if they go down 20 per cent, that still leaves a huge amount of money on the table.

Regardless of higher prices, today’s new homes and condominiums in the GTA offer the benefit of the latest in building techniques and materials as dictated by the ever-changing Ontario Building Code (OBC). Updated every few years, the OBC criteria for elements such as energysaving features are more stringent than ever before. Just last year, new

code requirements related to stair dimensions, guards and handrails came into effect.

It may be a cliche, but everything really is relative in the new home industry. Regardless of economic and market conditions, a new home or condo is a major purchase and deserves to be researched so you choose what is right for you. Take your time, do your homework, take advantage of any government programs designed to help buyers, and enjoy the psychological, lifestyle and financial benefits of owning real estate.

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

ELEVATED LIVING

THE UNIQUE ALLURE OF WINDFALL AT BLUE MOUNTAIN

As one of the most reputable land developers and builders in the Simcoe and Grey County Regions, Georgian Communities deliberately establishes neighbourhoods that are purposeful and meaningful. The company’s award-winning real estate projects have created quite the buzz – its passion for nature and community have influenced its vision for past, current and future

unique neighbourhoods as Georgian continually invests in the future of southern Ontario and its rich culture.

Neighbourhoods in small town Canada hold unique bonds within their communities. Your neighbours become friends, and friends become family. Georgian Communities strives to elevate this sense of togetherness to its highest potential by creating master-planned communities that focus on bringing people together. Amenities inspired by nature and the surrounding landscapes have a special place in these communities, creating a place for adventure, dreams and simplistic values. Each of Georgian’s thoughtfully designed communities starts with a beautiful Canadian landscape, and is carefully nurtured until it becomes something truly remarkable.

The beauty in simplicity is the core of every one of Georgian’s communities. Everything comes

back to nature, and the intrinsic value in a more simplistic lifestyle. From planning and construction to purchasing and decor selections, Georgian works hard to keep things simple, thoughtful and reliable. The company works with local trades to build its communities. Volunteer for community initiatives. Sponsor sports leagues. By deliberately investing in neighbourhoods to foster meaningful life, Georgian invests in the future of the land and the families that will live there. This is what sets Georgian apart, making it one of the most trusted developers in Ontario.

One of the most standout current communities is set at the foot of the Escarpment, Windfall at Blue Mountain is an inspired enclave of detached and semidetached mountain homes next to Blue Mountain Village. This 148acre master-planned community authentically represents the concept

of resort living and could arguably be better than any other in or around Collingwood or Blue Mountain.

The distinctive architecture of the homes at Windfall represents an artful, modern and eco-considerate interpretation of Georgian Bay cabins, cottages and mountain chalets in timeless bungalow, bungalow with loft, two-storey detached and semidetached designs.

Stepping into a Windfall home is an experience of comfort fused with remarkable craftsmanship. The meticulous attention to detail is immediately evident, setting these residences apart. Thoughtfully designed floorplans emphasize openconcept kitchens and Great Rooms, creating perfect arenas for families to converge and bond. A vast array of standard and premium customization options awaits you, allowing for a personal touch that’s distinctly yours. In the end, a Windfall home isn’t just a living space – it’s an embodiment of your family’s lifestyle, resonating with the allure of the mountain that beckons you season after season.

A true escape from the ordinary, Windfall at Blue is a place where nature and neighbourhood are in perfect balance. Fully one-third of the land is a Nature Preserve with wetland preservation areas and other natural features. An extensive trail system will lead through the forest, linking Windfall to its enviable nextdoor neighbours – Blue Mountain

Resort and Village to the west, and the award-winning Scandinave Spa to the east. Blue Mountain’s expansion of the Orchard brings the ski slopes literally to Windfall’s doorstep. In the heart of the community is The Shed, a barninspired gathering place is the hub for residents to network, socialize and relax. Cold- and hot-water outdoor pools further promote relaxed living.

This remarkable community has been popular since launch day and has received numerous prestigious awards. Families have moved in and are enjoying their new home in a fabulous Blue Mountain setting.

Given the fluctuating interest rate scenario, Windfall is now presenting a unique opportunity.

In collaboration with RBC Royal Bank, Georgian is offering new homebuyers a hassle-free purchasing experience with a compelling three-year fixed-rate mortgage below the standard rates. Now is an opportune moment to converse with their sales team and secure your dream home in Blue Mountain’s most coveted community.

Visit windfallatblue.com.

FIELDGATE’S SIGNATURE GTA COMMUNITIES

Fieldgate Homes has been shaping the southern Ontario landscape for more than 65 years, with its award-winning master-planned communities and residences families have cherished for generations. Superior construction, innovative designs, unmatched attention to detail and attentive customer service are all hallmarks of the company’s excellence. Every home is designed to reflect the contemporary needs and wants of the homebuyer through consistent community engagement – and, the assurance that when you own a Fieldgate home, you are family.

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.

THE CRESCENTS: BRAMPTON

The Crescents is now pen – freehold townhomes and singles

Experience a master-planned community that surrounds you with Brampton’s finest at The Crescents. A collection of 30-, 38- 45- and 50-ft. singles and freehold townhomes – on mostly crescent streets – just steps from Conservation Drive Park and Heart Lake Conservation Park. Immerse yourself in the city’s unmatched urban amenities, schools and services. Forge new connections with the convenience of Ontario’s fastest transit network, or stroll through the incredible greenspace with woodlands, parks and trails. Find the perfect place for your growing family in the city, against a vibrant backdrop of culture and energy.

Register now at fieldgatehomes.com.

PICKERING: SEATON

Coming soon – semis, 30- and 36-ft. singles

Enter a serene natural landscape that merges with the convenience of big city amenities at Pickering’s awaited Seaton community, coming soon. Live at the nexus of classic and contemporary with a remarkable

collection of semis, 30- and 36ft. singles 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 by registering now at fieldgatehomes.com.

NORTH OSHAWA: DREAMSCAPE

Now open – 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 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.

AJAX: ATOWNS

Final release – urban townhomes

The final release of stunning urban townhomes at the aTowns Park Collection in Ajax is now open. At Bayly Street and Salem Road, discover new family-sized residences backing onto open greenspace, a series of parkettes, sports court and more, all connected by winding walking trails weaved throughout. Better still, live surrounded by modern amenities and mere moments to Lake Ontario. Get the most out of Ajax’s bustling downtown area and enjoy great shopping, tasteful dining, convenient GO Transit, easy access to Hwy. 401 and so much more all nearby.

Register now at fieldgatehomes.com.

SHELBURNE: EMERALD CROSSING

Final release – 36- and 40-ft. singles

The final release at Emerald Crossing is now open, discover a beautiful country landscape surrounded by every modern convenience imaginable in Shelburne’s most anticipated new home community. Enjoy a collection of 36- and 40-ft. singles, available now just minutes from big brand outlets, remarkable restaurants, breathtaking greenspaces, ski hills, golf courses and so much more. Shelburne has been Canada’s second-fastest growing municipality, so there’s no better time to get in on its best new home opportunity.

Register now at fieldgatehomes.com.

PICKERING: SEATONVILLE

Coming soon – freehold townhomes and 30-, 35-, 36- and 43-ft. singles

The newest sprawling masterplanned community carefully

designed to reimagine Pickering’s landscape. This landmark community boasts a spectacular array of distinctive freehold townhomes, 30-, 35-, 36- and 43-ft. singles, mere moments from downtown Pickering’s finest modern amenities and protected greenspaces. Quick and easy access to crucial transit options, Hwys. 407, 412 and 401 connect you to the whole of Durham and Toronto.

Register now at fieldgatehomes.com.

MILTON: VALLEYLANDS OF SIXTEEN MILE CREEK

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

Introducing executive riverside living in a natural enclave setting, with Valleylands of Sixteen Mile Creek, coming soon to Milton. Take advantage of your rare opportunity to own 30-, 36- and 43-ft. detached riverside residences with lots backing onto Sixteen Mile Creek. Moments to southern Ontario’s most acclaimed golf courses and protected greenspaces, retail and restaurants, schools, services and access to the most convenient transit options, embrace a lifestyle unlike any other in Milton.

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

IMPRESSIONS: NEW KLEINBURG

Phase 1 has sold out. Register now for phase 2 – one and two-car garage freehold townhomes, semis and 30ft. singles

New Kleinburg is a community of inspired family residences in a beautiful setting just moments from the heart of historic Kleinburg. With the 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. Discover a remarkable collection of expansive one- and two-car freehold townhomes in this beautiful master-planned community.

Register now at fieldgatehomes.com.

WEST WHITBY: WHITBY MEADOWS

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 36- and 42-ft. detached designs. Find a master-planned community offering west Whitby’s best lifestyle near shopping, restaurants, Iroquois Park Sports Centre, Whitby GO Station, Heber Down Conservation Area, excellent schools and more.

Register now at fieldgatehomes.com.

STOUFFVILLE: CITYSIDE

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

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

Register now at fieldgatehomes.com.

UNIONVLLE:

UNIONVILLE’S UPPER EAST SIDE

New community coming soon –freehold townhomes, 26- and 31-ft. two-car urban singles, 38-, 45- and 70-ft. estate singles

Reach the height of elegance in one of Unionville’s most desired neighbourhoods with the masterplanned community of Unionville’s Upper East Side. A collection of freehold townhomes, 26- and 31-ft. urban singles with two-car garages, and 38-, 45- and 70-ft. estate singles backing onto Berzcy Creek and open greenspaces, while connected to Unionville’s finest amenities.

Register now at fieldgatehomes.com.

EXPERIENCE SOPHISTICATED LIVING IN OAKVILLE

THE VILLAGES OF OAK PARK

In Oakville’s vibrant and walkable Oak Park district, Ballantry Homes presents The Villages of Oak Park, a new condominium community that will elevate energy in one of the city’s most desirable neighbourhoods.

The Villages of Oak Park offers one-, two- and two-bedroom plus den suites with a rich complement of lifestyle amenities, including an elegant lobby lounge with 24/7 concierge, a spectacular indooroutdoor party room, a fitness studio and a rooftop terrace with panoramic views.

An architectural landmark soaring above the intersection of Dundas and Trafalgar, this is the newest community by Ballantry Homes, the established developer that brought The Renaissance and The Cosmopolitan to the area.

Experience the prestige of Oakville and the energy of the Uptown Core. The Villages of Oak Park is perfectly situated just steps to chic shops

and restaurants, bike paths and trails for commuting or recreation, as well as easy transportation and transit routes. This location couldn’t be better.

UPSCALE LIVING IN UPTOWN OAKVILLE

Luxury lives here. Designed with a synthesis of glass and beige and brown precast elements, The Villages of Oak Park radiates modernity with a touch of class. Every one-, two- and two-bedroom plus den suite features a beautiful balcony that offer even more exceptional views – and up on the rooftop terrace, the ultimate 360-degree panoramic perspective of the city and beyond.

Smart suite layouts maximize space, making room for comfortable living and lavish entertaining. Experience sunlit and spacious open concept living and dining rooms, gourmet kitchens with exquisite countertops, fine cabinetry and a

quality appliance package, in-suite laundry and spa-inspired bathrooms. Every suite includes top quality finishes curated by Ballantry Homes’ award-winning design team, plus every homeowner has the opportunity to personalize their suites to their individual taste with an exceptional selection of premium upgrades.

WALK SCORE

With an abundance of shops, restaurants and entertainment, most of your exploring can be done on foot – 85

BIKE SCORE

Easy access to bike paths and trails make this a great spot for commuters and recreational cyclists alike –64

TRANSIT SCORE

Leave the car at home and take reliable public transportation around the city and beyond – 51

ENVIABLE BUILDING AMENITIES

Step inside a warm and welcoming double-height lobby, anchored by an executive concierge desk and illuminated by expansive glass walls, sleek stone floors and rich wood and metal accents. The plush seating and co-working lounge are perfect for meeting friends and colleagues.

Take a break in the modern fitness studio, where the latest cardio and weights equipment is bathed in sunlight from the ground floor wall of windows. Practice yoga and unwind in a stretching zone that takes any workout to the next level.

Soak up the sun and host a barbecue on Oakville’s most stunning rooftop terrace at The Villages of Oak Park. With 360-degree views of the city, pergolas for shade and a wide selection of seating and lounging

areas, it’s ideal for entertaining and relaxing.

In the spectacular multi-purpose party room and lounge, host a dinner party and entertain in sophisticated style. With a kitchenette and a walkout to the rooftop terrace, the room transforms seamlessly for hosting a meeting boardroom, a casual brunch or a party for a special occasion.

GET TO KNOW THE NEIGHBOURHOOD

A prime location, The Villages of Oak Park is in Oakville’s Uptown Core neighbourhood, one of the most walkable and dynamic areas in the GTA. Stroll to boutiques, shopping centres, restaurants, schools, parks and recreation hubs. With bike pathways, hiking trails

+Register to become an insider and receive all of the latest information right to your inbox.

SALES OFFICE LOCATION 20 Oak Park Blvd., Oakville

SALES OFFICE HOURS

Monday to Thursday 1 – 7 p.m.

Saturday, Sunday and holidays noon to 5 p.m.

Closed Friday

CONTACT

Vince Guerra

vince@ballantryhomes.com

Adam Guerra

adam@ballantryhomes.com

and conservation areas to explore, plus many green spaces close by, including Memorial Park, Town Centre Square, two idyllic ponds and the charming Windfeld Parkette, getting active is easy.

Some of the finest public and private schools are within a 10-minute drive of The Villages of Oak Park. The Fraser Institute rankings include many Oakville educational institutions, which are highly sought after by parents and educators, including Sheridan College’s Trafalgar campus which offers a wealth of post-secondary programs.

QUALITY, VALUE AND SERVICE

Owning a Ballantry home is different. For more than 35 years, Ballantry has built quality homes and communities across Ontario. The superior level of quality and craftsmanship in every home, and exceptional customer care, set Ballantry apart. Every home provides everlasting value to Ballantry families, ensuring comfort, a beautiful home to fill with memories, and a sound investment for years and years.

To learn more, visit ballantryhomes.com.

LAMBTON TOWNS

OFFER URBAN LUXURY LOWRISE LIVING AT ATTRACTIVE MORTGAGE RATE

If you love the big city lifestyle but want an alternative to typical highrise condo living, Lambton Towns could be the perfect solution, offering desirable lowrise living in a vibrant Toronto neighbourhood.

Lambton Towns by Dunpar Homes is an intimate collection of 96 back-toback townhouses at 2650 St. Clair Ave. W., tucked between charming Bloor West Village and Lambton Woods. The pedestrian-friendly location is close to everything homeowners could want or need, including stores, restaurants, amenities, parks and recreation –without having to rely on a car. For travelling elsewhere, the 512 St. Clair streetcar stop just a six-minute walk away, and subway and TTC buses and major roadways nearby.

The Lambton Towns are built with quality and durability, so owners can take pride in their home for years

to come. Exteriors are modeled on English Georgian Manors, utilizing genuine Custom Natural Indiana Limestone features and planter boxes crafted with ledger rock Kingston Hue Stone. Landscaping is designed to enhance the exterior design.

Inside the towns, you’ll find spacious 1,581-sq.-ft., thoughtfully-designed layouts with three bedrooms and two baths that can accommodate family living, entertaining or working from home. Townhome living provides similar financial advantages as owning a single-detached home, at a more affordable price point. The towns are economical to operate, too, because new towns are built to be energy efficient and their shared walls mean less heat loss.

Another advantage over traditional condo living is that homeowners have their own front doors and don’t have

to share outdoor space with anyone else, and each Lambton Town has a spacious 336-sq.-ft. private rooftop terrace. There’s no need to go to a large underground parking garage, as each home comes with its own parking space.

A host of luxurious features and finishes that are typically upgrades in

other developments are included as standard in Lambton Towns, including 9.5-ft. ceilings on the main floor and nine-ft. on the master bedroom level. Other standard finishes include engineered hardwood floors in the living and dining room and second floor hallway, and deluxe kitchens with granite kitchen countertops and eight-in. granite backsplash, extended height upper cabinets and undercabinet lighting.

The purchase price includes six stainless steel appliances and one-car parking. Maintenance fees of approximately $200 a month include landscaping, snow removal, salting, street lighting and private garbage collection.

Dunpar Homes understands that rising interest rates have been a concern for many homebuyers, and is offering the Dunpar mortgage at an attractive three per cent for three years, or until mortgage rates drop below that figure. To qualify, buyers must put down a 20 per cent deposit before occupancy.

With the real estate market stabilizing, the timing could be right for homebuyers who have been waiting on the sidelines, especially as analysts are expecting home prices to

increase in 2024. Tentative occupancy for Lambton Towns is December 2024, which provides buyers the benefit of buying at the current 2023 price, even as the prices rise, yet not having to move until late next year.

It’s hard to beat the lifestyle offered in the neighbourhood with so much in such proximity, including Home Smith Park, James Gardens, LambtonKingsway Park and many others, a wide range of dining options, banks, grocery stores, pharmacies, big box stores, healthcare centres, community centres and excellent schools.

Dunpar Homes has established a reputation as a premier builder specializing in luxury townhomes, thus has the expertise to create sought-after middle missing solutions in urban neighbourhoods. Dunpar has been building superbly designed and architecturally unique homes and communities across the GTA. It has demonstrated its ability to adapt to the evolving industry by offering homebuyers comprehensive tools to help them achieve their ownership goals.

For more information on The Lambton Towns, visit dunparhomes.com.

PINK! IT’S NOT JUST FOR BARBIE!

by LINDA MAZUR

Every room tells a story… and for the moment the story is pink. With the resurgence of Barbie this summer, we are seeing all shades of this fantastic colour everywhere. Pink is not necessarily a hue that many would turn to in decorating, and it’s not always the easiest to mix and match, but it is a happy colour that can be both calming or a bold statement. Most shades of pink can complement, highlight or pair well

with just about any colour scheme or design aesthetic. A bold fuchsia or deep cerise pink works well with an ashy chocolate brown, as does a soft pale pink. In turn, a soft pale pink blended with a rich ochre hue can create a very warm and relaxed palette. Pretty dusty salmon or coral pinks look lovely with greyish blue tones. Deep greens and blues with varying shades of pink can denote a slightly more traditional vibe, while a

vibrant chartreuse blended with softer pinks can be more modern or edgy in its aesthetic. Pale pinks and warm grey tones work if you’re feeling a bit retro, while more muted pinks and deep eggplant purples can create a relaxing nostalgic vibe… the versality of pink is endless.

If you are feeling that pink is a trend you are itching to explore but just can’t bring yourself to go all the way, try easing into it with some light

accessories or toss cushions. Or if you’re a ready for just a tad more, then try creating a feature wall with a great wallpaper pattern or bold shade of pink. There are so many possibilities that would allow you to inject a bit of this fun trend into your home… so many beautiful fabric and wall covering patterns, so many wonderful shades to service every mood, style and room.

If you’re looking to incorporate multiple patterns and textures into your space, there are a few things to keep in mind to achieve that “designer look” in your own home. To blend fabric patterns together successfully, balance is key. Remember to vary the scale of the patterns from small to large and maintain the same depth or magnitude of colour to avoid an imbalance in the space. Starting with the blending together of a minimum of three fabric patterns should give you a solid base to expand on. Your first pattern should be the most impactful, so selecting a pattern that is larger-scaled may be wise. The second pattern should be completely different, about half the scale of the first one and should incorporate some similar hues and tones. The third pattern can be smaller scale and similar in pattern to either of the first two, with at least two to three of the colours found in the other patterns. So, for example, if you have selected a large-scale floral as your first pattern, the second could be a bold stripe or a geometric fretwork pattern, and then blend in another small-scale floral for the third or an alternative geometric. You can still add another pattern or two or three, if you wish; maybe a small check, dot or something in a solid small-scale texture. If you’re more adventurous, consider throwing an animal print into the mix for a bit of fun. There are a lot of fabulous pink animal prints available today that can spice up a room –and remember to maintain balance throughout your space.

Pink is in, so be bold and explorative in your decorating, enjoy this trend to create a chicer home. You may be surprised where it will take you.

Linda Mazur is an award-winning, nationally publicized designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds within Toronto, the GTA and throughout Canada. lindamazurdesign.com

@LindaMazurGroup

7

EASY WAYS TO TRANSITION

by LISA ROGERS

Summer begins to fade in August, and while it’s always bittersweet to say goodbye to our short season of warm temperatures, something is comforting and luxurious about the fall and nesting in our homes once again. August is the perfect time to trade in your summer-appropriate decor, fabrics and colours for the cosy ambience of fall. Here are some late-summer decor ideas to help you transition into the coming cooler months.

SET UP A BACKYARD FIREPIT

Just because it’s cooler outside, doesn’t mean we can’t still enjoy the outdoors. A firepit will keep you warm enough to take advantage of your backyard well into the fall. With several options and varying price points, a stand-alone firepit is easy to set up and maintain. All you have to do is add a few chairs around the pit, and it can remain a cosy entertaining spot for hot cider or roasting marshmallows with the family.

TRANSITION YOUR FRONT PORCH

If you have a front porch or terrace, optimize the space for the fall season by swapping out your summer plants for fall-friendly (and hardy) Chrysanthemums, Helenium or Pansies. Since the season is so short, the easiest way to get the most mileage out of your fall plants is to plant them in pots that you can scatter on your porch (with the addition of gourds or pumpkins to drive the theme of fall home). The colour and texture will add a beautiful vibrancy to your area. Layer cosy blankets and pillows on chairs and couches for that extra comfortable touch.

LAYER TEXTURES AND ELEMENTS

Layering textures and fall-inspired elements is vital in bringing that sense of warmth into your home. Adding a plaid or wool blanket at the foot of your bed, throwing blankets on the couch, a stack of logs by the fireplace, or scattering small tealights in glass votives and Mason jars – all lend the right amount of warmth without being too excessive.

SWAP FABRICS

Switching out summer kinds of cotton and linens for knits, velvets and other softer materials on pillowcases, throw blankets, rugs and draperies is easy to transition your furniture for the fall season.

INCORPORATE FALL FOLIAGE

Source your backyard for branches and leaves to arrange a bouquet much like you would with flowers. Arrange branches, dried grasses, moss and anything you can find. The key to setting leaves is to group them by size and colour. Fiery red maple makes a beautiful focal point when countered

with something such as redwood or pine branches with pinecones. For more, scatter small pumpkins, gourds, faux apples and pears on your dining table. These natural touches harken to the cooler season, and they are also affordable.

LINE YOUR FRONT DOOR STEPS

Fall also means guests, family and get-togethers. Get your front steps ready for fall entertaining with planted mums. There’s a reason you see so many mums this season – they last. (Once buds open, you will have blooms whether you display them in sun or shade.) Pair with Mexican sage and boxwoods and mix in a few lanterns to add a welcoming glow.

BRING IN COPPER

Copper remains widespread, and this metal can be incorporated in myriad ways in your home, from a pretty copper pail used for a fall floral arrangement to your dishware and kitchen accessories, picture frames or serving trays. Occasionally polish the copper to maintain its shine or allow the metal to take on a rich patina over time.

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

FIND YOUR NEXT HOME

AJAX

1. A Towns Bayly St. E. & Salem Rd. S. fieldgatehomes.com

AURORA

2. Queen’s Grove Collection Yonge St. & Bloomington Rd. northstarhomes.com

3. Allegro 36 Klees Cres. geranium.com

BRAMPTON

4. DUO Condos 245 Steeles Ave. W. duocondos.ca

5. Spring Valley Village Bovaird Drive W. & Elbern Markell Drive ballantryspringvalley.com

6. Three Rivers Claireville Goreway Dr. & Humberwest Pkwy nationalhomes.com

7. Queens Lane Townhomes Mississauga Rd. & Queen St. branthavenbrampton.com

BRANTFORD

8. Brant West 501 Shellard Lane losanihomes.com

CALEDON

9. Palgrave Estates Mount Pleasant Rd. & Hunsden Rd. flatogroup.com

10. Pathways Caledon East Old Church Rd. & Innis Lake Rd. flatogroup.com

CLAIREMONT

11. Cresthaven Estates Brock Rd & Central Street

ETOBICOKE

12. Lake & Town Islington Ave. & Lake Shore Blvd menkes.com

13. Boutique Towns 80 Thirtieth St. dunparhomes.com

KLEINBURG

14. New Impressions Hwy. 27 & Major McKenzie Dr. W. fieldgatehomes.com

MARKHAM/ UNIONVILLE

15. Cornell Markham Bur Oak Ave. & Hwy 7 ballantryhomes.com

16. Upper East Side Unionvillle Major Mackenzie & Woodbine fieldgatehomes.com

17. Riverwalk Meadows Ninth Line & 14th Ave. flatogroup.com

18. Angus Glen South Village 9980 Kennedy Rd., #200. kylemorecommunities.com

19. Kennedy Manors 4500 Major Mackenzie Dr East. kylemorecommunities.com

NORTH YORK

20. Kenneth & Holmes Kenneth & Holmes fieldgatehomes.ca

OSHAWA

21. Dreamscape Conlin Rd. & Harmony Rd. fieldgatehomes.com

22. Park Ridge Conlin & Townline Rds. tributecommunities.com

PICKERING

23. Seaton 1075 Taunton Rd. fieldgatehomes.com

RICHMOND HILL

24. Richlands Leslie St. & Elgin Mills Rd. fieldgatehomes.com

25. Millbrook Park Elgin Mills & Leslie St. northstarhomesinc.com

26. Park Lane Place Elgin Mills & Leslie St. northstarhomesinc.com

27. Observatory Hill Bayview Ave. & 16th Ave. myobservatoryhill.ca

28. Emerald Crossing 8854 Yonge Street fieldgatehomes.com

29. King East Estates King Rd. & Toscanini Rd. pureplaza.com

SCARBOROUGH

30. 670 Progress Ave. Progress Ave. & Grangeway Ave. fieldgatehomes.com

TORONTO

31. Lambtown Towns 2650 St. Clair West dunparhomes.com

32. 2650 St. Clair Ave W. 2650 St. Clair Ave W dunparhomes.com

THORNHILL

33. Citylux Towns at Thornhill Woods Dufferin St. & Rutherford Rd. fieldgatehomes.com

WHITBY

34. Country Lane Taunton Rd. & Country Lane countrylanewhitby.com

35. Park Vista/Whitby Meadows Cochrane St. & Taunton Rd fieldgatehomes.com

8

WHITECHURCH /STOUFFVILLE

36. Blue Sky 9th Line & Millard St. fieldgatehomes.com

37. Cityside Stouffville Tenth line & 19th Ave. fieldgatehomes.com

The latest properties in the Greater Toronto Area to keep your eye on

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

FIND YOUR NEXT HOME

BURLINGTON /WATERDOWN

1. Northshore Condo 484-490 Plains Rd. E. nationalhomes.com

GRIMSBY

2. Grimsby Waterfront 398 N Service Rd. losanihomes.com

HAMILTONWENTWORTH

3. Soho Homes at Barton & Glover Barton St. & Glover Rd. losanihomes.com

4.Highland Park &Central Park: Midtown & Soho

Upper Red Hill Valley Pkwy & Rymal Rd. losanihomes.com

INGERSOL

5. HarrisView 34 Hollingshead Rd. sifton.com

KITCHENER/ WATERLOO

6. Wallaceton Huron Rd. & Fischer-Hallman heathwood.com

LONDON

7. Victoria On The River Sheffield Blvd. & Commissioners Rd. E. sifton.com

8. Caverhill Clarke Rd. & Kilallay Rd. sifton.com

9. Hudson Park Colonel Talbot Rd. & Pack Rd. sifton.com

10. Liberty Crossing Wonderland Rd. S. & Hamlyn St. sifton.com

11. Middleton Wharncliffe Rd. & Exeter Rd. sifton.com

12. RiverBend Golf Community 2200 Jack Nash Dr. sifton.com

13. Rosewood Nissouri Rd. & Thorndale Rd. sifton.com

MILTON

14. The Valleylands Mayfield Rd. & Chinguacousy fieldgatehomes.com

15. Hawthorne Park Oakwood Dr. & Byron Ave. sifton.com

MISSISSAUGA

16. Whitehorn Woods 1240 Britannia Rd. W. nationalhomes.com

17. Streetsville Centre Mill St. & Queen St. S. dunparhomes.com

NIAGARA REGION

18. Portview Estates Simcoe St. & Canal St. silvergatehomes.com

19. Luna Hwy. 406 & 56, Thorold silvergatehomes.com

20. Harbourtown Village Fort Erie silvergatehomes.com

21. Hazelwood on the Grand Hardy Rd. sifton.com

22. Joy Towns Niagra branthaven.com

OAKVILLE

23. The Greenwich at Oakvillage Trafalgar Rd. & Dundas St. East branthaven.com

24. Bronte Meadows Bridge Rd & Warminster Dr. flatogroup.com

25. Upper West Side Condos 2 351 Dundas St. East branthaven.com

26. Trafalgar Ridge River Oaks Blvd. & Namron Gate dunparhomes.com

27. The Villages of Oak Park Trafalgar Rd. & Dundas st. E. ballantryhomes.com

28. West & Post 2714 Westoak Trails Blvd. branthavenoakville.com

PARIS

29. Boulder Creek Cleaver Rd. & King Edward St. sifton.com

30. Riverbank Estates Nirh River losanihomes.com

ST. CATHERINES

31. Lincoln Estates Lincoln Ave. & King St. losanihomes.com

32. Lusso Urban Towns Martindale Rd. & Grapeview Dr, St. Catharines. lucchettahomes.com

33. Merritton Mills St. Catharines silvergatehomes.com

34. Woodview at Vista Ridge 4008 Mountain St., Beamsville losanihomes.com

WELLAND

35. Davis Heights 1535 Haist St, Pelham. lucchettahomes.com

36. The Residences at Hunters Pointe 71 Kyntre Trail lucchettahomes.com

37. Edgewater Trails Daimler Pkwy & Magnolia Ln, ballantryhomes.com

38. Village on the Twelve 21 Willow Bank Common St. silvergatehomes.com

39. Riverside at Hunter’s Point 300 Daimler Pkwy., Welland lucchettahomes.com

40.Shelter Cove 15 Cricklewood Cres., Nanticoke sheltercove.ca

WEST REGION

41. St. George Village Concession 2 & Woodhill Rd. losanihomes.com

42. Brant West 562 Shellard Ln losanihomes.com

43. Magnolia Trails Modeland Rd. & Michigan Lane sifton.com

44. Soleil St. Clair Corunna sifton.com

45. Expressions & Riverbank Estates 1021 Rest Acres Rd., Paris losanihomes.com

46. Knightsbridge Graff Ave. & Mornington St. sifton.com

47. Cottonwood Dingle St. sifton.com

48. Edgewood Suites 270 Hagan Street East, Dundalk flato.com

The latest properties in the Southwestern Ontario Area to keep your eye on

5. GreenRidge & Beeton Village 41 Main St. W. flatogroup.com

CAMBELLFORD

6. Haven on the Trent Forest Hill Rd. & Riverside Trail sifton.com

COLLINGWOOD

7. Mountain House at Windfall Mountain Rd. & Crosswinds Blvd. georgianinternational.com

8. Collingwood Maple & Sixth Street georgianinternational.ca

COURTICE

9. The Vale Prestonvale Rd. & Bloor St. nationalhomes.com

DUNDALK

10. Edgewood Greens Hwy. 10 & Main St. East flatogroup.com

11. Edgewood Suites 270 Hagan St. E., Dundalk edgewoodsuites.ca

HORSESHOE VALLEY

12. Craighurst Horseshoe Valley Rd. & Hwy. 93 georgianinternational.com

13. Braestone Horseshoe Valley 3246 Line 9 North georgianinternational.com

LINDAY

14. Grace & Grand flatogroup.com

NEWCASTLE

15. Belmont treasurehill.com

OWEN SOUND

16. Greystone Village 1800 2nd Ave. E. flatogroup.com

PETERBOROUGH

17. Parklands & The Condo Arbour Villas 1224 Chemong Rd. masonhomes.ca

PORT HOPE/ COBOURG

18. Port Hope Lakeside Village 415 Lakeshore Rd. masonhomes.ca

19. Kingswood Cobourg 425 King St. E. masonhomes.ca

SHELBURNE

20. Emerald Crossing Hwy. 89 & Hurontario St. fieldgatehomes.com

FEDERAL GOVERNMENT HAS POLICY TOOLS

THAT CAN HELP BUILD MORE HOMES

The Bank of Canada hiked interest rates again in July, just days before Statistics Canada reported that the inflation rate fell to 2.8 per cent in June. Given the sensitivity of the housing sector to adjustments in interest rates, the Bank’s hawkish stance is not only going to increase housing costs – a significant inflationary pressure in itself – but will also hamper the addition of new housing supply. The federal government should use the tools at its disposal to help counteract these forces.

Most parts of Canada face critical housing supply and affordability challenges, and the GTA is among those most severely affected. While prices have cooled and supply increased somewhat since the peak of the market in 2022, federal policies are continuing to drive housing demand, even as the Bank of Canada’s monetary policies make it more difficult to meet that demand. Canada’s immigration policy seeks to expand the population by 1.5 million people in the next three years. Newcomers are important to the economic and social wellbeing of Canada, and the home building industry welcomes the task of building the communities where they can live, work and play.

However, rising interest rates hamper the pre-construction sales

that help finance the building of new homes, particularly in the highrise and multi-family sectors. Thus, raising interest rates moves buyers to the sidelines, delays the addition of much-needed supply to the market and exacerbates Canada’s housing supply and affordability crisis.

The federal government has several tools at its disposal to help spur the addition of housing supply and improve affordability. These include waiving or deferring HST on purpose-built rental housing, indexing the price thresholds for the GST/HST new housing rebate (an outstanding government pledge since 1991) and helping municipalities and provinces fund housing-supportive infrastructure.

While driving inflation down to the Bank of Canada’s target rate

benefits all Canadians, putting off the vital task of adding more housing supply benefits no one. The federal government should act now to ensure monetary policy does not prevent us from building the homes Canadians need.

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

DAVE WILKES