NextHome GTA - August 31, 2019

Greater Toronto Area Aug. 31–Sept. 14, 2019

The first and only complete guide to pre-construction homes and condos

INSIDE:

THE BENEFITS OF BUILDING AND DEVELOPMENT

ARE YOU WORRIED ABOUT A CONDO BUBBLE?

Renderings are Artist’s Concept. E&O.E.

Connected living, steps from Vaughan Metropolitan Centre Subway Station

Be moved.

Introducing Mobilio, a new neighbourhood in Vaughan Metropolitan Centre offering condominium and townhome residences. With easy access to major highways and walking distance to the subway, Mobilio is convenience and community redefined.

Inspired by Italian design, today’s urban professionals and families will enjoy living steps from transit options, exciting shops and restaurants, a busy commercial district, and beautiful parks. Live, work and play in the heart of a growing, master-planned community by acclaimed developer, Menkes.

AS THE PREMIER BUILDER OF MIXED-USE COMMUNITIES IN THE GREATER TORONTO AREA, MENKES DELIVERS OUTSTANDING QUALITY AND LASTING VALUE.

NOW PREVIEWING

CONDOMINIUMS & TOWNS | LEARN MORE AT MENKES.COM/MOBILIO

New Towns Coming this Fall

Register for Your Opportunity to Live Vibrantly in Beamsville

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BEAMSVILLE | BRANTFORD | CALEDONIA | HAMILTON | PARIS

LosaniHomes.com Prices and specifications subject to change without notice. E.&O.E.

N PE O W O N

Brilliantly Bloor Steps away from Jane Station, the Bijou dazzles brilliantly above the charming shops of Bloor West Village, perfectly embodying the intersection of sleek design and old world opulence.

With large suites, stunning interiors, private terraces, and an array of exceptional amenities to elevate your day-to-day, at the Bijou, there truly is no place like home.

Presentation centre now open at 2450 Bloor Street West.

PUREPLAZA.COM Rendering is an artist’s impression. Certain design elements are subject to change without notice. All rights reserved. E.&O.E. February 2019.

Embrace Luxurious Living at Edenbridge.

Set above an endless greenbelt of natural forest along the scenic Humber River valley, Edenbridge offers the opportunity to live in one of Toronto’s most beloved neighbourhoods – The Kingsway. Edenbridge rises nine storeys, a striking edifice with large windows looking out on the surrounding greenscapes and winding streets lined with mature oak and pine trees.

EXCLUSIVE CONDOMINIUM RESIDENCES AND GARDEN TOWNHOMES FROM THE $900’s TO $3 MILLION*

2019 HOME BUILDER OF THE YEAR | 2019 GREEN BUILDER OF THE YEAR 2019 BEST CUSTOMER CARE | 2019 STEPHEN DUPUIS CORPORATE SOCIAL RESPONSIBILITY AWARD Awarded by the Building Industry and Land Development Association. ©Tridel 2019. ®Tridel,“D”design, Tridel Built for Life, Tridel Built for Life Design, and Built Green Built for Life are registered Trademarks of Tridel Corporation. Project names and logos are Trademarks of their respective owners. All rights reserved.

Building and view not to scale. Illustrations are artist’s concept only. *Prices and specifications subject to change without notice. E.&O.E. September 2019.

REGISTER AT TRIDEL .COM TO SCHEDULE A PRIVATE APPOINTMENT

CONTRIBUTORS

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

CHIEF REVENUE OFFICER

Jacky Hill jacky.hill@nexthome.ca EDITOR-IN-CHIEF

Susan Legge susan.legge@nexthome.ca ART DIRECTOR

Tammy Leung

STAT CHAT | BEN MYERS Ben Myers is President of Bullpen Research & Consulting. Ben provides pricing recommendation, product mix, and valuation studies on new residential housing developments for builders, lenders and property owners. www.bullpenconsutling.ca

CONTRIBUTING EDITORS

Sara Duck Marlene Eisner Amanda Pereira SENIOR MEDIA CONSULTANTS

Jessica Wilson 416.873.1049 jessica.wilson@nexthome.ca

CONDO 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.

Natalie Chin 416.881.4288 natalie.chin@nexthome.ca SALES & MARKETING CO-ORDINATORS

Gary Chilvers Sarah Khan DISTRIBUTION

distributionteam@nexthome.ca ACCOUNTING INQUIRIES

accountingteam@nexthome.ca

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

DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs GRAPHIC DESIGNER & ASSISTANT MANAGER

Alicesa Pullan GRAPHIC DESIGNER & PRE-PRESS COORDINATOR

Hannah Yarkony GRAPHIC DESIGNERS

GUEST COLUMNIST | HUNTER MILBORNE C. Hunter Milborne is the founder of Milborne Real Estate, one of Canada’s largest pre-construction real estate firms.

Visit milborne.com

Sandra Hanak–Vujnovic, Johannah Lorenzo, Mike Terentiev, Kathleen Walker, Alice Wu Published by

nexthome.ca Advertising Call 1.866.532.2588 for rates and information. Fax: 1.888.861.5038

INSPIRATION | SARA BEDERMAN Sara Bederman is the principal designer of Sara Bederman Design. The firm provides residential design services for projects of all sizes throughout Toronto, the GTA and beyond. sarabederman.com

MARKETPLACE | SARA DUCK With more than a decade of experience in the magazine world, Sara Duck brings her passion for writing and expert eye for what’s on trend to our pages.

INSPIRATION | REBECCA HAY Rebecca Hay is principal designer at Rebecca Hay Designs Inc., known and celebrated for her design work and appearances on various acclaimed HGTV shows. rebeccahaydesigns.com

8 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

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SUSAN LEGGE EDITOR-IN-CHIEF New Home + Condo Guide EMAIL: susan.legge@nexthome.ca TWITTER: @SusanLegge

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With so much news about what’s “wrong” with our cities and communities these days, it’s refreshing to come across a story about what we can be doing better or differently.

Quint Studer, the author of a new book entitled Building a Vibrant Community: How Citizen-Powered Change Is Reshaping America, says there are lots of small, high-impact ways to “show a community some love” and make change.

While the book is based on the revitalization of Pensacola, Florida, I think any engaged community citizen would agree his tips could be applied on this side of the border as well.

Here are some high-level highlights from Studer: Celebrate “bright spots. “It’s easy to focus on what’s wrong, but the best way to love your community is to shine a spotlight on what it does well.”

Take a slow drive through your neighbourhood. What do you see that might make people’s lives better? “When you take the time to experience your community at 2 mph, not 45 mph, you will see things you’ve never noticed before. Look for simple fixes that can pack a big punch.”

Ask, ‘How can we create a good first impression on visitors?’

“What is the first thing visitors see when they arrive in the community? Is there a prominent landmark, a beautiful building, or a big piece of public art that creates the feeling that they’ve arrived at a special destination? If not, maybe there should be.

What people see is a big part of creating your brand and that ‘sense of place’ that makes people proud to be a citizen.”

Keep the community clean and green. “Just keeping a city clean and attractive—and maybe even planting a few flowers—can make a huge difference. There is even a fair amount of evidence that creating a cleaner, greener, better-maintained community can lower crime rates. Certainly, attractive communities have higher property values, attract more businesses, and promote loyalty in citizens.”

I read these points and enjoyed their simplicity, and, in the short- and long-term, with some creativity, they can make a huge impact.

“There are some easy and inexpensive quick fixes that can make a big difference right away,” says Studer. “These little improvements can get people engaged and in the right mindset for change. Once you get some momentum going, who knows what might happen from there?”

Thanks for reading, and happy new-home hunting.

Interact with us on social media: nexthome

10 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

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aug 31-Sept 14, 2019 | volume 28, iSSue 16

Contents

24

Cover Story

Branthaven Coming this september — homestead in mount hope, hamilton

12 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

42

20 Property Profiles

#CondoCity 14

28

32

18

Understanding the fundamentals of reserve funds

lifetime Developments & pinedale properties

30 condo pro

40 lanterra Developments European-style living comes Notting Hill at Royal York Rd. and Eglinton Ave.

Making the most of your new home’s windows

By SaRa BeDeRman

50 trending The first-time buyers of new homes get more an incentive under new federal program

By jaySon SchWaRz

22

A contemporary midrise residence comes to midtown Toronto

48 Design Style

legally Speaking

Luxurious amenities make for a convenient lifestyle on University Avenue in T.O.

34 graywood Developments

By SaRa BeDeRman

By Dave WilkeS

Davpart

Discover The Platinum Collection XO Condos at King and Dufferin

The ROI of building an outdoor kitchen

BilD Report The benefits of building and development

20 mattamy homes Parkside Towns are coming soon to Downsview Park

46 entertaining

Stat chat Worried about a condo bubble?

50 market place Creating an urban cottage

By SaRa Duck

By Ben myeRS

54 trending Kylemore Communities’ 12 Annual Kylemore Kares Charity Golf Tournament is a success

Condominiums support growth across the GTA

By BaRBaRa laWloR

36 guest columnist

62 By the numbers GTA new home sales remain solid in July

Is student housing recession-proof?

By hunteR milBoRne

38

in the news

In every Issue

All-female condo development team hosts public consultation

8

contributors

55

hot properties gta

#BeyondtheCity 42 purchaser profile Love at first sight for homeowner at Nautique LakefrontResidences in Burlington

59 hot properties SWo 63 advertiser index 66 What’s online

nexthome.ca 13

ADVICE | bIlD rEport

Building and development brings benefits to the gtA

dave Wilkes In many of my columns, I focus on the need to increase housing supply in the GTA and the regulatory and policy barriers that are leading to shortfalls. This week, I’d like to highlight the benefits that the building and land development sector brings to the region. When all of the data is unpacked, many people are surprised to find out that the industry is an economic engine of the region.

14 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

Each year, members of our industry construct around 40,000 homes of various types—detached single-family homes, townhomes and high-rise apartments—as well as countless commercial buildings and, increasingly, purpose-built rentals. To get the job done, they employ people in more than 120,000 jobs, both on-site in the trades and construction positions that carry out the building, and off-site in the planning, design, architectural, engineering, financial and support services, that enable the physical construction. These are local jobs that will stay local.

The industry adds more than $7 billion in wages to the GTA economy, which in turn get spent and support the people and companies that provide goods and services to those employed in construction and development.

New home building contributes $17 billion in investment value in the GTA. When home renovations and repairs, including those carried out

by BILD’s RenoMark renovators, are added to the mix, the numbers are even more impressive. The home renovation and repair …continued on page 16

…continued from page 14

sector employs people in more than 150,000 jobs, bringing the overall total of jobs created by new home building, renovation and repair to around 270,000, a significant portion of the GTA job market. The renovation and home repair segment has a payroll of $9 billion and represents $16 billion in investment value.

All this activity results in new communities and renewal of existing housing stock—buildings and infrastructure where people can live, work and play. It also results in significant tax revenue for all levels of government, which is reinvested in the programs and services that support our society.

Aside from the income and corporate taxes that result from home building and renovations, each home constructed contributes to the public coffers.

A 2018 study commissioned by BILD and conducted by Altus Group found that the fees, taxes and charges applied by all levels of government and rolled into the cost of a new home accounted for 22 per cent of an average GTA 16 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

“

The building, land development, and professional renovation industries are truly engines of our economy

”

single-family home (or $186,500) and 24 per cent of an average high-rise apartment (or $121,500).

About a third of that is the HST that flows to the federal and provincial governments.

Approximately another third consists of development charges that go to the regional and municipal governments to fund infrastructure, roads, transit and municipally provided social services like affordable housing and daycare. Other government charges on new homes include parkland dedication, which municipalities collect to support new parks; land transfer tax, which goes to the province; and in the case of Toronto, municipal land transfer tax, which goes to the city.

Every new home built provides a place for a family to live, supports three full-time jobs, generates

economic activity that supports the broader economy, and lastly, provides tax revenues for all levels of government, supporting government programs, services and infrastructure enjoyed by all residents of the GTA. The building, land development, and professional renovation industries are truly engines of our economy.

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, @bildgta, or visit www.bildgta.ca.

+more AdviCe online nexthome.ca/news/advice

ADVICE

RESERVE FUNDS aRE YOUR CONDO’S INSURANCE POLICY

by JaCqUEliNE MONEta JD aND JaYSON SChwaRz llM

All condominiums are required to have a reserve fund under the Condominium Act. A reserve fund is a special account, separate from the condominium’s operating fund, and it is used to pay for major repairs and replacements to the condominium’s common elements. A portion of every common expense fee is deposited into the reserve fund monthly. The reserve fund is intended to act like an insurance policy, to ensure that the corporation has enough money to cover future repairs.

18 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

WHEN CAN YOU DIP INTO THE RESERVE FUND?

The reserve fund can only be used to pay for major renovations or repairs; this includes replacement and non-routine repairs of common elements and assets of the condominium. If condos didn’t have reserve funds, or their reserve funds are depleted, they would need to raise large amounts of money from the owners when major repairs are required.

This lack of funds most frequently results in a special assessment.

THE RESERVE FUND STUDY

A reserve fund study determines how much money needs to be in the fund to ensure the repairs will be covered in the future. The study is usually prepared by an engineer and includes both a physical assessment of the condominium and a financial plan during the first year of the condominium corporation, then every three years.

The study will cover: • all parts of the building that need repair or replacement (ex. windows, balconies) • estimates when the repairs and/or replacements are expected to occur • estimates of the cost of each expenditure in each year • a recommended reserve fund contribution amount • recommended increases in reserve fund contributions for the following three fiscal years.

It is important to note that the reserve fund study is based on assumptions and educated guesses. These estimates may fall short in the following circumstances: • poor maintenance decisions can result in your condominium having to replace components earlier than expected • emergency repairs or replacements • postponed expenditures THE OWNERS’ PERSPECTIVE

All previous and current owners have contributed to the reserve fund. That’s because every owner who received the benefits of common elements, including the lobby, hallways and elevator, shares the responsibility of the replacement costs. Long term, as an owner, your unit will fetch a higher asking price if your property is well-maintained and the reserve fund is healthy.

“

Owners have the right to review the reserve fund study by asking the corporation for a copy. When you purchase a unit, a copy of the most recent reserve fund study is included with the status certificate.

Owners have the right to review the reserve fund study by asking the corporation for a copy. When you purchase a unit, a copy of the most recent reserve fund study is included with the status certificate.

As an owner, it’s important to be mindful that the reserve fund balance will fluctuate from year to year. In some years, the fund’s balance is high. After planned expenditures, the fund’s balance may be depleted. It’s important to look at the situation holistically, ask about recent repairs and plans for upcoming projects at board meetings. Much

”

like insurance, a healthy reserve fund is an invaluable tool in the condominium’s arsenal.

Mail, deliver or fax letters to the magazine or to us, use the web site (schwarzlaw.ca), email (info@schwarzlaw.ca) and give us your questions, concerns, critiques and quandaries. We will try to deal with them in print or electronic form.

+MORE ADVICE ONliNE nexthome.ca/news/advice

nexthome.ca 19

PROPERTY PROFILE

EXCITING PARKSIDE TOWNS COMING SOON MATTAMY HOMES’ FINAL PHASE IN DOWNSVIEW PARK

Artist’s concept

Award-winning Mattamy Homes excels at delivering masterplanned new home communities in prime locations for prices that offer real value to the families who live in them. Saturday in Downsview Park is a prime example for it is situated right in 20 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

Classic townhomes at Parkside

the sprawling urban park at Keele Street and Sheppard Avenue. This is already a landmark Mattamy community with the back-toback sales successes of its two condominium buildings. Coming soon, the newest phase of this desirable neighbourhood, Parkside

Towns at Saturday in Downsview Park will introduce a limited collection of stylish Classic and Urban towns.

Urban towns, which are twolevel stacked homes, will start from the low $600,000s and range in size up to 1,170 square feet.

Artist’s concept

Artist’s concept

Urban towns add to the selection of homes.

Traditional rear-lane townhomes will be priced from the high$800,000s up to 2,000 square feet. Pricing represents excellent value for a Toronto location that has convenient access to both public transit and highways.

Mirroring the attractive architecture of the condominium buildings, Parkside Towns will offer two-, three- and four-bedroom layouts, each with a private outdoor space, and parking.

Modern open-concept designs will be enhanced with large windows, quality features and finishes that are both beautiful and practical – a hallmark of Mattamy residences.

Parkside Towns’ location bordering the picturesque park means residents will have an array of outdoor activities at their front door. Downsview Park also hosts community events, concerts, sports and a weekend Merchants Market. The park’s beautiful pond, wooded areas, trails, and gardens offer four seasons of enjoyment.

The park draws people of all ages for exercising, socializing and simply enjoying the outdoors.

“

Commuters will appreciate the nearby Downsview Park GO and TTC station, with a short 20 minute trip to downtown.

Parkside Towns is in a convenient central Greater Toronto Area location. Commuters will appreciate the nearby Downsview Park GO and TTC station, with a short 20 minute trip to downtown. There is also a link with the Barrie GO Transit line, and it’s only a few stops to Yorkdale Shopping Centre and York University. Schools, golf courses, shopping, services and much more are available in the neighbourhood.

ABOUT MATTAMY HOMES

Mattamy is the largest privately owned homebuilder in North America, with a 40-year history of operations across the United States and Canada. Every year, Mattamy helps 7,000 families

”

realize their dream of home ownership. In the United States, the company is represented in 10 markets – Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its US head office is located), Tampa, Sarasota, Naples and Southeast Florida – and in Canada, its communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton.

Parkside Towns at Saturday in Downsview Park offers an irresistible opportunity to live close to both nature and local amenities! Be among the first to learn more about this new collection coming soon.

Register by visiting www.mattamyhomes.com. nexthome.ca 21

ADVICE | stAt ChAt

Are You Worried About A

Condo BuBBle? ben MYers It’s hard to believe, but I’ve been working in the field of real estate research for almost 20 years.

I’ve been following the Toronto new condominium apartment market very closely since 2007, which was the first year that the media, investors, and the general public started to pay very close attention to what was happening 22 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

in the high-rise residential housing space.

The massive boom looked to be short-lived as the global economic meltdown, the U.S. subprime housing crisis, and the subsequent credit crunch were just a couple of the factors that were going to sink the new condo market in Toronto.

This six to nine month stretch in late 2008 and early 2009 was just a blip, and the market began to skyrocket once again in the second half of 2009.

About every month since, a domestic or international article is

written about Toronto’s housing market — there are too many investors, too much foreign capital, staggering debt, not enough high-income tenants, and too few jobs to support all the new housing supply. Copy, paste, edit, repeat. How could anyone pay $400 per-square-foot for a new condo? How could anyone pay $600 per-square-foot for a new condo? How could anyone pay $900 per-square-foot for a new condo? And today, how can anyone pay $1,300 per-squarefoot for a new condo?

That last one opened my eyes a bit wider, that is an enormous number, you’re thinking it must be a bubble. There have been a few times over the past 13 years where I suspected the new condo market was overvalued and the price growth was going to slow down for an extended period of time or even decline, it has slowed down a couple times, but it hasn’t declined.

Everyone has an opinion on why new condo prices haven’t collapsed, and what might cause them to collapse. I don’t have a crystal ball, but I do have some thoughts. It is worthwhile noting that the costs to build new apartments have risen significantly in recent years, as labour and materials have gone up, the time required to complete a development has shot up as planning approvals take longer, sites are larger and more complex, and are located on even smaller pieces of land.

One of the biggest cost increases for developers is land prices, which can account for up to 20 per cent or more of the cost of a new unit. As new condo prices go up, land owners calculate the residual value of their property with a broker so they know exactly how much a developer will pay for their property to maintain the same profit margin (and then they add 10-15 per cent to the price depending on how hot the market is). Even if the new condo prices drop, land prices often don’t decline significantly because many of these landowners have existing income on their site from retail, commercial, hotel or parking — they’re in no rush to sell, they know development land is in short supply in Toronto, and they want to cash out for maximum value, even if it means waiting five to 10 more years.

Many of these factors contribute to what is called cost-push inflation higher input costs drive the end-selling price of the product. The next logical question is, despite these cost increases, incomes are not rising as fast as new condo prices, how can people afford them? The problem is that many people can’t, so three things happen, investors buy them to rent them out, end-users purchase very small suites, or buyers get financial help from their family.

“

increase the share of studio units at between 300 sq. ft. and 450 sq. ft. Investors buy these suites, and they have typically rented them out to single people just started out. However, as affordability has gotten worse, these suites are now renting to couples! I took an executive education class at MIT a couple years back, and one of my classmates was sharing a 400-sq.ft. studio apartment in New York with a roommate, that is the next step in the Toronto market.

One of the biggest cost increases for developers is land prices, which can account for up to 20 per cent or more of the cost of a new unit.

When I started in the industry, many of the new condominium projects were launched with a one-to-one ratio of units to parking. Many of the downtown developments being launched today have parking for 10 to 15 per cent of the units. There are many factors reducing car usage, but the housing affordability crunch is resulting in buyers cutting back: no car, no automobile expenses, and no parking space to buy.

While conducting a study for a client on parking costs, I looked at condo rental rates for units with parking and without parking. I expected to see the unit with parking appreciating faster, given the fact that there are fewer units with parking available, but the opposite was true. There is a logjam of demand for the cheapest units for rent.

I make this point because new condo prices will continue to stay elevated if rental rates for the smallest apartments continue to appreciate so quickly, as investors will continue to buy units to rent them out. A shift in the market by developers recently is to

”

In conclusion, I don’t know if Toronto is in a condo bubble, I don’t know when, or even if prices will decline. I’ve studied the market a lot closer than most people out there, and most certainly have analyzed it in more depth than the guy you met at a party that is giving you real estate advice. People have been VERY wrong about this market for a long time.

Do your own research, hire an experienced realtor, talk to a mortgage broker and buy for the long term, not the short term.

Good luck.

Ben Myers is President of Bullpen Research & Consulting. Ben provides pricing recommendation, product mix, and valuation studies on new residential housing developments for builders, lenders and property owners. Ben’s firm produces monthly rental housing analysis and publishes a quarterly report on high-rise land values. Visit www.bullpenconsutling.ca or find him on Twitter @benmyers29

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nexthome.ca 23

Cover Story

Living room: Fashionable, functional and family-friendly

CoMing tHis september

Homestead in Mount Hope, Hamilton Crafted for you. Built by Branthaven 24 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

This September, Branthaven will unveil its latest collection of luxury detached new home designs at Homestead, in Mount Hope, Hamilton. The Lifestyle Collection will launch with three brand new exterior collections – Modern Farmhouse, Contemporary

Craftsman and New Traditional — each an authentic and refreshed tribute to a timeless architectural style.

Branthaven’s reputation for high quality materials, attention to architectural detail, coordinated colour palettes and curb appeal

The Mount Hope: New Traditional

are on full display with the new collection. The Modern Farmhouse has a clean-lined, relaxed style with simple angular shapes and striking black windows.

The New Traditional boasts old world materials like stone and stucco but with a modern sensibility. The Contemporary Craftsman draws on the rich character and warm colour of the Arts and Crafts legacy.

Homestead will feature 33, 36, and 40 ft. detached twostorey homes and a very limited collection of 38 ft. bungalow and bungalofts. With 17 home plans to choose from, three exterior choices for each home, and just 123 lots, the community will have custom crafted looks and instant curb appeal. Homestead offers extra deep lots (some up to 140 ft. deep) for fresh air families who love to relax and entertain in the privacy of their rear yards.

While Homestead’s elevations may be heritage-inspired the interiors are thoroughly modern.

Living spaces have been designed for openness and simplicity — just what today’s families want from

their homes. “We are renowned for our smart, spacious and functional floorplans,” says Steve Stipsits, President of Branthaven. “Our design team is consistently rethinking floorplans to deliver the

The Corktown: Modern Farmhouse nexthome.ca 25

Master retreat: Bathed in light and serenity

enhanced lifestyle and attainable luxury our buyers want.”

Homestead’s floorplans offer main floor interiors with welcoming foyers and gallerystyle landings that accommodate a credenza, bench or desk plus a discreet powder room and handy garage access. The open concept living spaces boast soaring 9 ft. to 14 ft. vaulted ceilings, oversized windows and flow seamlessly to the adjacent social kitchens with its stylish good looks and plenty of practical storage and prep space.

“Most plans offer an alternate main floor option so homebuyers can select the best plan to suit their lifestyle needs,” offers Stipsits.

“Buyers can choose from three, four and five bedroom layouts with work-from-home lofts or dens, family baths and second floor laundry. Master suites are generous 26 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

in size — many with sitting areas, all with walk-in closets and choice of four- or five-piece spa ensuites.”

Charming Mount Hope is a small town with big appeal. Located 15 minutes from Downtown Hamilton’s booming culinary and cultural scene, 10 minutes from Upper James’s convenient Power Centres and just steps from Mount Hopes’ local community services, Homestead has everything families are looking for — more space and a slower pace, authentic neighbourhood and attainable luxury homeownership. This September, Live the Life you have always wanted at Homestead.

Detached homes with extra deep lots starting from the high $500’s. Register at welcomehomestead.com for VIP access and incentives.

+

Location Mount Hope, Hamilton BuiLder Branthaven deveLopment Homestead Home type Luxury detached homes saLes centre 3306 Homestead Drive contact Register at welcomehomestead.com

Feel “Home at Last®” in one of these fabulous communities

NORTH YORK - REGISTER NOW FOR THE VIP OPENING

Coming Soon.

Young Street Uptown Living.

Luxury is elevated to new levels at ELEVEN ALTAMONT where Heathwood Homes is crafting a stunning collection of 3-bedroom town residences. Modern architecture. Spacious rooftop terraces.

Flexible, family-sized floor plans to suit your lifestyle. Ultimate features and finishes. All coming soon to the heart of North York, steps from fine dining, superb shopping, and the subway at Yonge & Finch.

From $1.4 million 2,013 to 2,504 sq.ft. (including rooftop terraces)

KITCHENER - MODELS OPENING SOON!

WHITBY’S FINEST COMMUNITY

Visit Wallaceton for a look at our amazing selection of luxurious family homes. Each is fully loaded with luxury features, including lower levels with 9’ ceilings. All j u s t s t e p s f ro m p a r k s , schools, shopping, recreation and more.

Luxury Towns from the $500’s Detached Homes from the $700’s

MODEL HOMES NOW OPEN! Whitby’s best new home community, Country Lane offers a splendid selection of masterfully designed homes with 10’ and 11’ main floors and 9’ second and lower levels* and loaded with luxury features.

Detached Homes from the $700’s to $1.3 million

heathwood.com *Only applies to 36’ and 45‘ Homes. Some height variations will occur. Prices and specifications are subject to change without notice. E. & O. E. Renderings are artist’s concept.

TRENDING

THE UNITED BUILDING AMENITIES LUXURIOUS AND APPROACHABLE When residents move into The United Building at 481 University Avenue, they will enjoy one of Toronto’s most luxurious and convenient lifestyles. To ensure that the building amenities uphold the quality and reflect the styling of North America’s largest architectural heritage development, Davpart Inc. enlisted the prestigious firm Tomas Pearce Interior Design Consulting Inc. In all, The United Building will have more than 15,000 square feet of amenity space spread over several floors.

According to Tomas Pearce principal partner Melandro Quilatan, “The sophisticated urbanites we’re designing for include everyone from young professionals to well-traveled empty-nesters. They want to live in the heart of Toronto where the action is, and they want to come home to a welcoming cocoon away from the hustle and bustle.

We designed the amenities as calming extensions of their private living spaces.”

For example, the change rooms on the 14th floor feature rain rooms and saunas overlooking the indoor pool, deck and landscaped courtyard on the level below. The lap pool is set off by glazing panels that open like a garage door. It’s gorgeous. That space is very Zen and very spa.”

Quilatan adds that purchasers at The United Building appreciate culture. “Local artists will be commissioned to provide art and 28 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

culture statements throughout the amenity areas, which include an 11th-floor gallery. We will encourage sculptors to take inspiration from the bas relief being preserved on the exterior.

I have always been mesmerized by its detailing. In fact, for the interior design, we took cues from the beautiful classically contemporary exterior by B+H Architects and heritage consultant ERA Architects. Their design preserves the exteriors of two of the original Maclean Publishing buildings constructed in 1928 and 1961, which inspired us to incorporate Art Deco influences. By tapping into that design era, we appeal to both traditionalists and modernists.

One piece we’re excited about is

a backlit glass installation behind the concierge desk featuring hand-blown glass fringe. It will be a standout.”

Among the other amenities are a chic party room with kitchenette, lounge with fireplace, three-tiered theatre, sports lounge with billiards, video gaming lounge and golf simulator. There is also an idea space, which Quilatan says is there for socializing or working privately.

It features sofas, booths, sectionedoff desks and a coffee area.

Purchasers can select from studio to one-bedroom, twobedroom and three-bedroom designs. For more information, stop by the presentation centre at 481 University Avenue or visit TheUnitedBldg.com.

ADVICE | ConDo pro

CONDOMINIUMS wILL HELP HaNDLE GrowTH IN TORONTO aND THE GTA

BarBara LawLor

This summer, Ryerson University’s Centre for Urban Research and Land Development released a study naming Toronto the topgrowing city in North America, and the Greater Toronto Area as the second-fastest growing metropolitan area. Last year, Toronto’s population grew by more than 77,000. In addition, the GTA is predicted to grow 40 per cent 30 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

by the year 2041. As I have stated numerous times, these newcomers have to live somewhere. The plot thickens with the fact that by 2066, the GTA’s density is estimated to climb from 4,000 people per square kilometre to more than 7,700 – that is nearly double.

Building “up” rather than “out” is obvious, and new condominiums are the answer to housing the additional population.

The planning implications for the next two decades are astounding. It is a good thing that condominium developers in Toronto and the GTA have “risen” to the occasion. Last year, Toronto ranked first on the

“Crane Index.” Plus, the Rider Levett Bucknall Crane Index reports that in July of this year, we had 120 active cranes in the city, ranking us as having the most real estate development on the continent.

In the first quarter of this year, the number of new condo units under construction in the GTA topped 70,000 for the first time ever.

Immigration alone will account for many of our newcomers, and why not? Canada is a stable country politically and economically, and is relatively safe compared to the rest of the world.

Toronto and the GTA are magnets for immigrants who appreciate

“

Our new condominiums have other advantages – namely, that purchasers can select from a broad range of top-notch features and finishes (both standards and upgrades), and they have access to world-class amenities.

the high quality of life we enjoy.

We have excellent schools and universities, shopping, theatre, museums, art galleries and various other attractions. And despite the media frenzy over housing prices here, our condominiums are still under-valued on the world stage.

Our new condominiums have other advantages – namely, that purchasers can select from a broad range of top-notch features and finishes (both standards and upgrades), and they have access to world-class amenities. I often hear from people in the U.S. who are envious of our condo buyers’ ability to personalize their suites so much.

”

Of course, the ramifications of the impending population growth are enormous, and our governments are working to improve transit infrastructure and the like. Until transporters like the ones in Star Trek become reality, we still need to rely on ground- and underground-related buses, trains and subways. A lot of improvements have happened since Ontario’s Places to Grow Act came into effect, requiring new condominiums to be situated where they can make the most of existing and future infrastructure. This has the obvious effect that people who choose to live in urban areas can

exist comfortably without owning a gas-guzzling vehicle. They can walk or take short bus or subway rides to work, run errands and attend events.

When you consider the number of condos planned for and in the works, things are certainly looking up as far as housing the thousands of people we will welcome in the coming years. Once again, condominiums lead the way in Toronto and the GTA!

Barbara Lawlor is president and CEO of Baker Real Estate Incorporated, winner of the pinnacle 2017 Riley Brethour Award from BILD, and an in-demand columnist and speaker.

A member of the Baker team since 1993, she oversees the marketing and sales of condominium developments in the GTA and overseas. Keep current with The Baker Blog at blog.bakerrealestate.com

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nexthome.ca 31

PROPERTY PROFILE

The PLATINUM COLLeCTION a new release aT XO CONDOS XO Condos, the new condominium at King and Dufferin by Lifetime Developments and Pinedale Properties, has seen successful sales to date since its launch in late spring. With the new release of the Platinum Collection — a highly coveted selection of tower suites, 32 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

terrace suites and penthouses — excitement is building.

Designed by Turner Fleischer Architects with interiors by Tomas Pearce Interior Design, XO Condos will rise to 14-storeys and contain 307 suites. Passersby can expect to see movement on the site soon,

as construction is set to begin early next year.

“We’ve been extremely pleased with how well XO Condos has been received, and we expect the release of the Platinum Collection to add to our sales success,” said Lifetime Developments’ principal

Spacious Penthouse Terrace Suite at XO Condos.

Brian Brown. “We are confident that XO Condos offers a variety of options, and the engaging indoor and outdoor amenity spaces will prove very popular with those looking to live at this desirable location.”

The Terrace Suites range from one-to-three-bedrooms with large terraces from 200 to 1,000 square feet in size, with the larger terraces outfitted with natural gas barbecue hook-ups. The SubPenthouse and Penthouse Suites located on the upper two floors will feature breathtaking city, lake and sunset views, and offer oneto-three bedroom layouts from 450 to 1,250 square feet. Suites 950 square feet and larger will also include an extended 12-foot kitchen with an island.

XO Condos feature amenities designed to promote an active and engaged social lifestyle for the whole family. The 6,500-

square-foot indoor amenity space on the second floor will include premium fitness facilities as well as a spin studio, yoga area, social lounge, dining room, the Think Tank Lounge (a remote office space), Kids’ Zone, and an entertainment and gaming lounge. These spaces will open up to an additional 4,500-squarefeet of outdoor amenity space including a 2,000-square-foot outdoor terrace with barbecues and lounge areas.

XO Condos, located at 1221 King Street West, is situated where Liberty Village, King West, Queen West and Parkdale converge. With a booming walk score of 96, XO Condos will make it easy for its residents to access popular restaurants, bistros, boutiques, galleries, retailers and the Dufferin-King Parkette, which offers access to blooming green space. Effortless

accessibility makes this area an ideal spot where people choose to live, work and play.

XO’s perfect transit score was further enhanced with the recent announcement of the expanded Ontario Line, which will include a subway station at King and Bathurst, just a few short blocks from XO. XO Condos is being developed

by Lifetime Developments, a leader in identifying and creating thriving neighbourhoods which have enhanced the urban experience in the GTA, and by Pinedale Properties, a successful real estate development and property management company.

To learn more about the Platinum Collection please call 416-901-9699 or register for further updates at www.xocondos.com. We can’t wait to meet you. nexthome.ca 33

PROPERTY PROFILE

Graywood Developments contemporary miDrise resiDence set in one of miDtown’s most appealing communities From lush green spaces and esteemed schools, to a premium selection of grocers, restaurants and boutique shops, the neighbourhood of Bedford Park is effortlessly one of midtown Toronto’s most appealing communities, and an idyllic setting for 250 Lawrence – a boutique nine-storey, midrise condominium by the award-winning team at Graywood Developments.

Nestled right along Lawrence 34 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

Avenue West, east of Avenue Road, 250 Lawrence will feature a collection of one-bedroom, two-bedroom, and three-bedroom suites, offering a contemporary spin on mid-century modern architecture and design.

Connectivity is at the heart of 250 Lawrence, which will back onto the vibrant Douglas Greenbelt park – so much so, that 40 per cent of the land on the development site will be given over to public land use.

Lush green parkland and a rushing ravine will be steps away from the front door at 250 Lawrence, Graywood’s latest midrise development.

“250 Lawrence is really about breaking barriers, physically, and encouraging a flow of interconnectedness at the intersection of Lawrence and Avenue,” said Neil Pattison, Vice-President Development at Graywood Developments. “In

“

Designed by leading Toronto firm Quadrangle Architects, 250 Lawrence is a sleek, contemporary building with strong, bold geometric design, stunning balconies, and expansive terrace space.

consultation with the City of Toronto, we are naturalizing a portion of the Douglas Greenbelt and re-establishing a southern and eastern access to the ravine park. Residents at 250 Lawrence and fellow community members will soon be able to utilize this considerable natural public green space, increasing the appeal and vibrancy of this upscale corridor of midtown Toronto.”

Designed by leading Toronto firm Quadrangle Architects, 250 Lawrence is a sleek, contemporary building with strong, bold geometric design, stunning balconies, and expansive terrace space.

“This community sprouted at the same time as the mid-century modern style of design – the soul of this corridor along Lawrence Avenue arose in the middle of the 20th century and we feel 250 Lawrence allows residents to truly feel the physical and historical nature of the community,” says Quadrangle’s Founding Principal Les Klein. “The very strong horizontal lines that we have used define the urban edge of the building along Lawrence Avenue, and the dropoff is accentuated with a gorgeous bronze-coloured metal canopy featuring linear lighting.”

Complete with a dog-friendly spa, nearly 200 spaces for bicycles, a dramatic porte-cochère entryway, on top of 9,200 square feet of outdoor space, the design of 250 Lawrence embodies the merging of city living with a connection to greenspace and nature. Just under 400m2 of vibrant parkland will run the east side of the property, from

”

south of Glengarry Ave. all the way to Lawrence, enhancing the surrounding public realm. Beyond their immediate surroundings, residents at 250 Lawrence will live moments away from several expansive green spaces, including the scenic Chatsworth Ravine and Blythwood Ravine Park, providing a refreshing getaway from Toronto’s urban environment.

The stunning interiors of 250 Lawrence are the work of esteemed interior design firm The Patton Design Studio. Inspired by “living beautifully,” sophisticated materials such as stone, polished and matte porcelain, glazed ceramics, and wood are brought to life with a variety of carefully planned lighting, textures, and eco-friendly, durable finishes.

Warm, inviting colour palettes flow beautifully throughout both the classic and premium suites, and are paired with elegant and timeless finishes with an emphasis on calming neutrals.

“There is a certain ‘tradition and grace’ to Bedford Park, yet also it’s a friendly, modern neighbourhood,” says The Patton Design Studio Principal and Interior Designer Bryon Patton.

“The overall look of 250 Lawrence is clean with a reference to the past, which is great for the more mature purchaser and while still maintaining a minimalist, in-trend appeal for a younger market.”

Embedded in a prime residential area just nine kilometres away from Toronto’s downtown core, 250 Lawrence remains conveniently connected to the

GTA. “250 Lawrence is the latest in a series of neighborhooddriven mid-rise developments by Graywood. Following the success of Wonder and Scout Condos in Toronto, we’ve seen first-hand the growing demand for this product type,” says President and CEO of Graywood Developments Stephen Price. ”Similar to its predecessors, 250 Lawrence is all about connectivity and ensuring the building is inspired by and mindful of its surroundings.”

250 Lawrence is a brief bus ride away from Lawrence West Station providing direct access to the TTC’s Line 1. By car, residents can reach all major highways with ease, as the Allen Road Expressway onto Highway 401 is only two kilometres away, meanwhile, Toronto Pearson International Airport is a short 20-minute drive.

Suites at 250 Lawrence will range from 500 sq. ft. to over 1500 sq. ft. A selection of suites will offer expansive terraces and phenomenal views. For more information, register today at www.250Lawrence.com.

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LOcaTIOn Toronto DEvELOPER Graywood Developments DEvELOPmEnT 250 Lawrence HOmE TYPE Highrise SaLES cEnTRE Coming soon cOnTacT www.250Lawrence.com

nexthome.ca 35

AdviCe | GUest CoLUmnist

RECESSION PROOF REaL ESTaTE:

iS THere SUCH a THING? PHAses of tHe bUsiness CyCLe

Since the late 1940s to early 1950s the North American economy has experienced an expansion-contraction cycle. These expansions and contractions (recession/ depression in senior cases) have varied in length and intensity.

36 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

Peaks

economic Activity

HUnTer milBorne

Long term trend

expansion expansion Contraction

expansion Contraction Contraction troughs full business Cycle

Time

Canadian economic Composite

Canadian leading indicator points to moderating growth (standard deviations from historical norm)

During an expansion, there is a growth in job creation, some inflation and interest rates are low or stable while property values increase – a good economic time. During a contraction, the unemployment rate increases, property prices drop generally, and interest rates may increase.

This is universal. Fundamentally, for those who did not take economics, a recession is typically defined as two consecutive quarters of negative growth. I always believed that this was the case with no exceptions, until I discovered student housing.

When you think about it, when the economy slows, people often decide to go back to school.

The other significant factors influencing real estate values and appreciation is supply and demand. Most of our best universities in Ontario have the same story.

Historically, this housing has been university-owned and rented. In the last 10 years, there has been a significant amount of private sector development to fulfill a serious need to help satisfy this supply imbalance.

Also, this housing is very location sensitive. If it is within a five-to 12-minute walk from the classrooms, all is well. If it is further, not so good. Therefore, if the right location is secured, then an investor can purchase a studio, one bedroom, two bedroom or large apartment. It is virtually guaranteed to be rented and the ever-increasing demand keeps rent increasing each year, recession or not. This is reflected in an ever-increasing value.

Often, the developer will lease the units back for two to five years, making it a completely trouble-free investment for an individual purchaser.

The buildings are registered as condominiums and function in

Canadian growth beginning to ebb 2

Golden 2017

1 0 -1 -2

oil shock

-3 -4

financial crisis

-5 2001

2004

2007

2010

2013

2016

2018

note: Composite constructed using four leading indicators from survey on Canadian businesses. Source: CFiB, Haver Analytics, rBC, GAm

“

There you have it! Recession-proof real estate, available to anyone with a $70,000 to $100,000 down payment.

University

”

nUmber of stUdents

nUmber of beds

University of Toronto

84,588

8,971

Queen’s University

26,342

4,600

Western University

37,395

4,662

mcmaster University

29,130

3,086

Wilfred laurier University

17,710

5,724

University of Waterloo

36,758

3,000

Carleton University

26,764

3,021

ryerson University

37,758

1,417

all ways as a condominiums with the exception that typically they are initially bought by individual investors and rented to students and young adults.

Upon resale, it could be another investor who wants to get on the bandwagon or the parent of a student who wants a new top-level condominium for their son or daughter.

There you have it! Recessionproof real estate, available to anyone with a $70,000 to $100,000 down payment. With positive cash flow, principal pay down on the mortgage and modest annual appreciation,

recession or not, these condominium suites can be an excellent investment.

C. Hunter Milborne is the Founder of Milborne Real Estate, one of Canada’s oldest and largest firms specializing in pre-construction real estate sales. In the last three years, the Milborne Group sold over 17,000 pre-construction condominiums in the Greater Toronto Area and beyond, including about 3,000 student housing condos near some of Ontario’s best universities.

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nexthome.ca 37

In the news

What Women Want Reina Condos’ all-female development team cuts new territory in Canada with women-focused design consultation

From left to right: Melissa Rotundo, Vanessa Ferrone, Sandra Stepanovic from Urban Capital; Fung Lee and Leslie Morton from PMA; Emily Reisman of Urban Strategies; Jane Almay of Bluescape; Taya Cook of Urban Capital; Sherry Larjani of Spotlight; Maxime Cudlip, Tatjana Trebic and Lisa WardMather of Urban Strategies; Tor McGlade of Quadrangle; Rachel Doner of Doner Turrin Art; Heather Rolleston and Lisa Spensieri of Quadrangle; and Stephanie Beaudoin of Urban Capital.

The country’s first all-female development team hosted a firstof-its-kind design consultation to get public insights on how to make condo living better for women.

Workshop participants were predominantly female, though the public was welcome to attend and a number of men RSVP’d to take part in the creative design engagement. Led by members of the Reina Condos development team and other female industry leaders, 140 industry professionals, community members and interested purchasers, spread across 14 tables, participated in a facilitated workshop.

Each participant started by sharing pain-points of condo living with their table, then broke out 38 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

“

Reina Condos is an opportunity to elevate the status of female talent in the industry and better capture the needs of women by developing a condo with its design, planning engineering and development teams, comprised entirely of women.

into smaller teams to brainstorm creative solutions for the kind of amenities and designs they would want in their condos. Each table was then responsible for creating large boards with drawings, sketches and text to help illustrate their big ideas. During a cocktail reception, guests were invited to view all the boards and vote for

”

their favourite design solutions using “Reina Money”.

Feedback ranged from how to engage multiple generations though amenity spaces to addressing security and vulnerability in areas such as elevators, zig-zagging corridors or late-night walks through parking garages. Accommodating the

needs of parents with children by thinking about how families will interact within a unit was another big topic.

The solutions were just as insightful and poignant, with ideas around stroller storage, movable wall systems, cold and dry storage options and flexible spaces such as a party room that could be converted to a work space. Of the 650 issues raised throughout the workshop, Reina organizers were able to distill issues into 30 categories, the top 5 were: 1. Layout (78) 2. Storage (71) 3. Soundproofing (59) 4. Desire for Flexible Space (48) 5. Greenery/Natural Elements (46) Located along Etobicoke’s bustling artery, The Queensway, Reina Condos will be built on the now-

demolished House of Lancaster site. The Reina development team, led by Taya Cook of Urban Capital and Sherry Larjani of Spotlight Development are disrupting the industry with their approach – as a response to heavily male-dominated industry, which results in condos developed mostly from a male perspective. Reina Condos is an opportunity to elevate the status of female talent in the industry and better capture the needs of women by developing a condo with its design, planning engineering and development teams, comprised entirely of women. With each step in the process, they’re proving they’ve got fresh ideas to pave the way.

“We’re embarking on this project to make a statement and create more visibility for women in the industry. To create great

role models and inspire younger women. Real estate development is an exciting career but it’s not always top of mind for women,” says Larjani.

“We know that women have very strong purchasing power in the market. The truth is, what women want, men want too. To our knowledge, no one has ever led this kind of process before,” says Cook.

While the design consultation had a decidedly feminine edge, the event made it quite clear that that there is a different way of doing things. Over the next few months the developers will be reviewing the collected feedback to inform the final design of Reina Condos.

The project is expected to launch early next year.

For more information visit www.reinacondos.com nexthome.ca 39

PROPERTY PROFILE

+

LOcaTIOn Toronto BuILdER Lanterra Developments dEvELOPmEnT Notting Hill HOmE TYPE Highrise cOnTacT nottinghillcondominiums.com

Lanterra Developments announces european-style living at notting HiLL Acclaimed for its vision of building iconic urban condominiums offering a fine balance of location, luxury and lifestyle, Lanterra Developments, led by Chairman Mark Mandelbaum and President and CEO Barry Fenton, recently kicked of the sale of its residences at Notting Hill.

The building, located in Toronto’s coveted West End at Royal York Rd. and Eglinton Ave., will provide residents access to great schools, lush parkland, established health care facilities and easy access to the downtown core through the TTC and the proposed future Eglinton West LRT, also with Hwys. 401 & 427 a short drive away.

Notting Hill will consist of two residential, two-towered podiums 40 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

at 25-storeys – one building with 567 units the second with approximately 500 – around 400 sq. ft, with a mix of one-bedroom, two-bedroom and three-bedroom suits with prices ranging from high $300,000s to the mid-$800,000s.

Extraordinary interiors by Contract Magazine’s Designer of the Year, Alessandro Munge of Studio Munge, will also provide a unique living space detailed with elegant design elements that inspire quintessential living and effortless luxury.

“During a recent trip to London, we were inspired by the history and flavor of the fabled district and wanted to bring a piece of that to Toronto,” says Mark Mandelbaum, Chairman, Lanterra Developments.

“Our vision for Notting Hill is to create a neighbourhood where

engaging sky homes are anchored by shops and coffee houses, providing residents with a similar lifestyle found in this heralded London community.”

“Over the past 20 years we have gained invaluable industry experience, learning the unique ability to develop residences rooted in the community,” says Barry Fenton, President and CEO, Lanterra Developments. “To be able to bring Notting Hill to the Toronto market is truly a privilege, embodying a relaxed urban lifestyle and playfully designed streetscapes.”

For more information and to register for the project, please visit nottinghillcondominiums.com and on social media at @NottingHillCondos.

#Beyond theCity Must-see properties Including… Semi-detached, detached, condominium suites & townhomes

IN THIS SECTION:

BRANTFORD, CALEDONIA, FONTHILL, GRIMSBY, HAMILTON, NIAGARA, OAKVILLE, WELLAND & MORE

Purchaser PrOFILe

IT WAS LOVE AT FIRST SIGHT FOR HOMEOWNER Within 30 minutes of walking into the ADI Development Group’s Nautique Lakefront Residences, Cara Winfield decided to purchase a suite. “It was destiny - the right suite at the right time” she says.

“I’d looked around and thought I’d found something in the Hamilton area. Then a friend suggested Nautique, where he’d purchased.

As soon as I walked in, I knew this was the building for me. Nautique was exactly what I was looking for without even really knowing what I wanted. I must have been the world’s fastest purchaser!”

Cara currently lives in a threestorey townhome in Oakville. “I’m looking forward to having exterior maintenance handled for me. I want to spend my time doing other things, so the condominium aspect will be great.” She adds that, “I also love the idea of single-storey living.” She bought the 719-sq.-ft. KONA design, which features two bedrooms and a 300-sq.-ft. wraparound balcony on the 18th floor. “My townhome is almost that large in terms of usable square footage if you remove the dead space from stairs. I fell in love with the KONA’s open-concept design, and the wraparound balcony with amazing views was a big reason I bought it.”

Another significant reason for her decision was Nautique’s location. “I have always wanted to live by water,” she says. Having a wealth of local amenities, including Lake Ontario, within walking distance, is the ultimate convenience for her. Cara works in Burlington as a benefits and 42 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

Photo by Evan EisEnstadt

AT NAUTIQUE LAKEFRONT RESIDENCES IN BURLINGTON

Cara Winfield is a purchaser at Nautique Lakefront Residences.

insurance consultant, so she is familiar with many of the shops and restaurants near Nautique.

Cara appreciates the aesthetic appeal of the building – Nautique’s sleek glass tower will add a distinctive contemporary silhouette to the Burlington cityscape. She is also impressed by the building amenities, like the swimming pool adjacent to the outdoor dining and fire pit lounge on the fourth floor. On the 20th floor, neighbours can gather at the outdoor fire pit observation deck and fireplace lounge to watch the sunset, learn new culinary skills in the show kitchen and entertain in the dining room. Cara is a part-time fitness instructor and practices yoga, so the stationary bikes in the fitness centre and indoor/outdoor yoga studio will be lifestyle conveniences.

Nautique is Cara’s first condominium purchase and first new-construction purchase, having bought only resale before. She says

that the experience has been a good one. “Sometimes you have to trust your instincts. Nautique just felt right compared to the other options. All of my friends want to come and sit on my terrace – I can’t wait.”

Prices start from $482,990 for one-bedroom suites and from $659,990 for two-bedroom suites.

There is also a limited collection of Penthouse Residences available, starting at $1.219 million. The one-of-a-kind location along the Burlington waterfront is another reason Nautique condominiums represent such incredible value.

Visit the Nautique Presentation Centre, located at 375 Brant Street (corner of Brant & Pine Streets, downtown). Hours are Monday to Thursday 1 to 6 p.m.; Friday and holidays by appointment; Saturday and Sunday noon to 5 p.m. For more information, call 289-337-0766 or visit adidevelopments.com

A SOPHISTICATED LIFEST YLE

in fonthill

A JEWEL IN FONTHILL. The first in the One Fonthill Condominium Collection, One Twenty is a stunning showcase of Mountainview’s incredible design choices and trusted building standards.

1

Enjoy four storeys of luxury suites in one of Niagara’s most sought-after neighbourhoods.

FROM THE MID $300s!

1 BEDROOM TORONTO

1 BEDROOM WITH DEN

06

ST

D

PORT ROBINSON RD

NIAGARA FALLS HWY 4

SALES OFFICE RICE R

STATION

20 HWY

|

|

O N E

FONTHILL C O N D O M I N I U M S

2 BEDROOM

|

FONTHILL LOVE WHERE YOU LIVE!

2 BEDROOM WITH DEN VISIT OUR SALES OFFICE: 130 Highway 20, Unit C-1, Fonthill (in the Food Basics Plaza)

Monday, Wednesday, Thursday 1–6 p.m.

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Tuesday, Friday by appointment only Rendering is an artist concept. E.&O.E. Subject to availability.

onetwentycondos.ca | 289.897.8548

COMING SEPTEMBER 2019 TO MOUNT HOPE, HAMILTON

LIVE LIKE THIS

All renderings are artist’s concept. Prices, sizes and specifications are subject to change without notice. E&O.E.

Branthaven’s Lifestyle Collection™ has refreshing new designs you’re going to love.

Crafted for You. Built by Branthaven.

Welcome to Branthaven’s New Lifestyle CollectionTM Branthaven is excited to introduce its new Lifestyle Collection™ of Modern Farmhouse, Contemporary Craftsman and New Traditional architectural styles at Homestead. Be the first to discover the family-friendly 33’, 36’, 38’ and 40’ homesites in this intimate enclave nestled in the charming hamlet of Mount Hope, Hamilton. Heritage-inspired on the outside, Homestead features welcoming porches, deep backyards, wide driveways and great curb appeal. Thoroughly modern living on the inside, every home showcases Branthaven’s Fresh Thinking™ interiors.

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INSPIRATION |

entertaining

the

Outdoor kitchen

by SARA BedeRmAn

A sweet retreat with ROI value

46 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

The kitchen continues to be one of the best ways to increase a home’s value, but I don’t mean kitchens in their traditional form. A real estate analysis revealed that homes with outdoor kitchens sold for 25 per cent more than expected (source: Zillow, 2017). As modern homes get smaller, homeowners are increasingly focusing their attentions on the outdoors to make the most of every inch of their living space – inside and out. Here are some top trends in the alfresco culinary space, and how to achieve them.

PROfeSSIONAl helP

The National Kitchen and Bath Association (NKBA) report reveals that the majority of homeowners (84 per cent) use professional installers. Take a cue, and consider working with an expert from the get-go. A kitchen addition involves many moving parts. You can be sure there will be lots to think about, from functionality and durability to style. It’s best to leave it to an expert.

TOOlS & TOyS

The modern outdoor kitchen is more than the barbecue and folding chairs that inspired it. Much like their indoor counterparts, outdoor chefs are all about their appliances.

Seventy-five per cent of outdoor kitchens feature grills with extra burners, 57 per cent have warming racks, and 50 per cent have a rotisserie. For a truly decked-out outdoor entertaining space, look beyond the barbecue and consider adding a pizza oven, a meat smoker, an ice maker, a fresh-fruit juicing station, or beer dispenser.

The only thing better in a home than a fabulous kitchen, is one with two fabulous kitchens! When outfitted with the right elements for comfort and style, you can reap the rewards of an outdoor kitchen now, and when you decide to sell, it’s win-win.

GeT BAck TO NATuRe

Organic materials artfully blur the line between man and nature.

But does stone weigh heavily on your mind and budget? Stone veneer is an economical solution, and a great finishing option for feature walls, fireplaces and water features. According to the NKBA report, when it comes to outdoor countertops, 57 per cent of homeowners choose stone.

STORAGe RuleS

Take it from a designer: Achieving a “kitchen” feel in an outdoor space can be challenging – with emphasis on the need for storage space. Cabinets will take your space from “barbecue area” to bona fide “outdoor kitchen,” whether your outdoors is a balcony, backyard, or a desk overlooking the lake.

Sara Bederman, principal designer for Sara Bederman Design. For over a decade, this Toronto bespoke design firm has become known for creating stylish, thoughtfully curated and livable interiors. The firm provides residential design services for projects of all sizes. Sara Bederman Design works throughout Toronto, GTA. and beyond. sarabederman.com

+mORe InspIratIon OnlIne nexthome.ca/news/inspiration

nexthome.ca 47

design style

Make the most of your WindoWs INSPIRATION |

by Sara Bederman

Wonderful windows! Is there anything more welcome in a room? From a designer’s perspective, I doubt it. Windows become the natural focal point of any given space, as the source of light and views. In fact, when you ask people what they want most in a home, “windows” and “views” will often top the list. It’s easy to understand why. Let’s start with the obvious. Naturally lit spaces are more functional and “warmer.”

Everything looks more vibrant and alive in the light of day. When you’ve got great windows, rooms appear larger – which bodes well for compact spaces. A window or two completely transforms even a small room. Windows these days come in a wide variety of shapes, sizes and designs. Here are some things to think about to highlight your windows.

Finishing touches Think of the window trim as the frame containing a beautiful piece of art. You want something that will complement the view, but also be a feature piece on its own merit. A contemporary trend is painting the trim work in a dark shade of grey or black, as an alternative to the traditional white baseboards, window and door frames. Also, consider your window dressings. Are you leaning toward contemporary shutters or blinds, or a classic curtain? When shopping, consider which type of 48 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

window covering will best meet your needs for privacy, which will vary depending on whether this is a public versus a private space, like a bedroom or bathroom.

Work with a knowledgeable company like Fieldstone Windows & Doors that can educate you on which materials for your window replacements are best to use; fibreglass, aluminum or wood.

Size and shape As they say, go big or go home.

If you’re adding windows, make them as large as allowed by the building code. Alternately, window walls have been trending for some time. This is a great way to maximize your views and natural light, and offer direct access to the outdoors. Ostaco Windows & Doors (ostaco.com) has a wide range of selections to choose from, to suit your home’s existing

aesthetic – or to give it a whole new one.

Art and inspiration If you’re graced with a fabulous view, why not make it something to be seen? Rather than hanging paintings or wall art that will compete with your windows, let the views do all the talking. You can take cues from those views to make a cohesive, harmonious decor statement. This can mean a marine-inspired colour palette, organic, “woodsy” textures, or an “urban-chic” aesthetic.

Sara Bederman, principal designer for Sara Bederman Design. The firm provides residential design services for projects of all sizes. sarabederman.com

HOMES MADE FOR

Game on.

It’s called a living room for a reason. So, when friends gather round for game night, live it up. Pair a game board with a charcuterie board. Let the libations flow and the hilarity ensue. After all, game nights are just playdates for adults. From expansive living areas, to solid construction and high-end finishes, Sifton focuses on craftsmanship, so you can focus on life.

519.518.5007 | Sifton.com/HarrisView

NOW SELLING IN HARRISVIEW, INGERSOLL! 2 minutes from 401.

Homes starting from $487,500.

TRENDING

FIRST-TIME BUYERS OF NEW HOMES GET MORE OF AN INCENTIVE

by SUSAN LEGGE Details regarding the federal government’s First-Time Home Buyer Incentive Program (FTBIP) were announced recently, and it seems there’s more help available for first-time buyers of new builds than for Canadians considering the purchase of resale residences.

The program, which will take effect on Sept. 2, 2019, is designed to help Canadians with incomes of up to $120,000 buy their first home by reducing their monthly mortgage payments without having to increase the amount 50 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

of money they put down. The bonus for purchasers of newly constructed homes is an incentive amount of between five and 10 per cent, while the incentive for resale purchasers is set at five per cent.

How does the FTBIP program work? Read on.

Like all loans, the First-Time Home Buyer Incentive needs to be paid back eventually. In this case, it can be paid back in full at any time with no penalty.

The homeowner can choose

not to pay anything back for 25 years, or after the property is sold, whichever occurs first.

The amount of the incentive that needs to be paid back is calculated using the property’s fair market value at the time of repayment and is to be repaid whether the property value increases or decreases. No interest is accumulated on the incentive.

“Buyers utilizing the program ideally should be in frequent communication with their mortgage

professional to determine at the earliest point that a refinance would be possible to pay out the FTBIP,” advises Tom Gasparec, a mortgage agent with The Mortgage Centre.

“Assuming a 10 per cent annual appreciation, our estimation shows that there would be sufficient equity to pay out the 10 per cent incentive shortly after year-two of owning the home. This strategy would provide the buyer with optimal return on investment utilizing the program.”

Once processed and accepted, new-home buyers must call 1.833.974.0963 to activate the FTBIP payment and provide the name of the lawyer/notary they have chosen to close the deal. They must provide lawyer/

EXAMPLE OF A

notary information as soon as they have chosen one and no less than two weeks prior to closing.

The program is a complement to another first-time homebuyer incentive change made earlier this year, which increased the RRSP withdrawal limit to $35,000 from $25,000. All in all, the program may help lower mortgage payments, but not the cost of a home in hot markets, says Gasparec.

“The FTBIP program does not resolve the supply/demand issue, it will only exacerbate Canada’s overheated housing market as it makes buying homes easier for Canadians, which drive prices up,” he says.

To read more about Canada’s National Housing Strategy, visit placetocallhome.ca

EXAMPLE OF A

NEW-HOME

NEW-CONDO

PURCHASE

PURCHASE

JOHN wants to buy a new home for $400,000 and has saved the minimum required down payment of $20,000 (five per cent of the purchase price).

Under the Incentive, John can apply to receive $40,000 in a shared equity mortgage (10 per cent of the cost of his new home) through the program.

This lowers the amount he needs to borrow and reduces his monthly expenses.

As a result, his mortgage is $228 less a month or a savings of $2,736 a year.

Ten years later, John decides to sell the home for $420,000. He will have to repay the Incentive as a percentage of the home’s current value.

John would have to pay 10 per cent, or $42,000 at the time of selling the house.

MELANIE has an annual qualifying income of $90,000.

To be eligible for the First-Time Home Buyer Incentive, she can purchase a condominium unit up to $350,000. She has the required minimum down payment of five per cent of the purchase price – $17,500 from savings.

Melanie can receive $35,000 in a shared equity mortgage (the incentive), which is 10 per cent of the price of her newly constructed home.

This would reduce Melanie’s mortgage payments by $200 a month, a savings of $2,401 a year.

If Melanie decides to sell the condominium and when she does it is worth $320,000, she will have to repay the 10 per cent incentive as a percentage of the home’s current value, which in this case would be $32,000 at the time of selling the house.

MORE FACTS ON THE PROGRAM • Canada’s First-Time Home Buyer Incentive to help qualified first-time homebuyers purchase their first home launches on Sept.

2, 2019, with the first closing on Nov. 1, 2019.

• The incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a portion of their home purchase through a shared equity mortgage with the government of Canada.

• No on-going repayments are required, the incentive is not interest bearing, and the borrower can repay at any time without a prepayment penalty.

• The government shares in the upside and downside of a change in the property value.

• The buyer must repay the incentive after 25 years, or when the property is sold.

• The incentive is available to first-time homebuyers with a qualified annual household income of up to $120,000. At the same time, a participant’s insured mortgage and the incentive amount cannot be greater than four times the participant’s qualified annual household income.

• The property must be located in Canada and must be suitable and available for fulltime, year-round occupancy.

• Investment properties to be used as rentals are not eligible. nexthome.ca 51

URBAN Cottage INSPIRATION |

market place

by SARA DUCK

If you can’t escape to a cottage this summer, bring the cottage-vibe into your home with these key elements.

1

Photo courtesy of HomeSense. Homesense.ca

NATURAL

details 2

3 1. Ulriksberg rattan armchair. $99. Ikea.ca; 2. Sinnerlig pendant lamp in bamboo. $99. Ikea.ca; 3. Nila Coffee Table. $340. Lowes.ca; 52 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

FLORAL &FAUNA 4

5

6 7

COSY

8

9

3-STOREY TOWNS

see page 2 for more info 4. Floral print cushion cover. $26. Zarahome.com; 5. Chelsea dinner plate. $30. Cb2.ca; 6. Faux fern. $20. Homesense.ca; 7. Shaggy faux-fur throw in adobe rose. $49. Indigo.ca; 8. Pacey ivory and gold rug (8 by 10). $1,009. Cb2.ca; 9. Scented candle in glass holder. $15. Hm.com nexthome.ca  53

Trending

KYLEMORE’S 12th ANNUAL CHARITY GOLF tOURNAMENt ANOthER ‘ABOVE PAR’ EXPERIENCE Kylemore Communities held its 12th Annual Kylemore Kares Charity Golf Tournament on Tuesday, August 13 in Markham.

The invitational tournament reserved Angus Glen Golf Club’s two 18-hole championship courses and the company’s trades people, consultants and suppliers enjoyed an early morning start. To date, approximately $1,750,000 in total has been raised and distributed to a variety of charities.

At the lunch celebration following the tournament, Kylemore’s CEO Cailey Stollery and Vice-President Frank Spaziani thanked everyone for their continued support. In their remarks they emphasized the importance of private donations in providing a much-needed boost to funding, enabling charities to continue to deliver the services and programs they offer.

A recipient organization of this year’s fundraising, Evergreen Hospice, was represented at the lunch by Lerryn Pitcher, Community Hospice Manager and Caroline Allen, Fundraiser.

In her remarks Pitcher described the organization’s programs and support services, many of which would benefit from the $15,000 donation.

Evergreen Hospice provides community based supportive services to individuals and their families in Markham, Stouffville and Thornhill who are living with life-threatening illness or coping with the death of a loved one.

In previous years the 54 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

RIght tO LEft: Kylemore’s Frank Spaziani, Julian Spaziani; Evergreen

Hospice Lerryn Pitcher, Caroline Allen; Cailey Stollery, Hannah Stollery and Judy Stollery.

“

For 22 years, Kylemore Communities has been building luxury homes of lasting value in some of the most desirable neighbourhoods in the Greater Toronto Area.

tournament has supported over 200 charities, including Canadian Mental Health, Sick Kids Foundation, Yellow Brick House, United Way, Children’s Wish, Hockey Helps the Homeless, Flato Markham Theatre, Unionville Home Society, Markham Stouffville Hospital Foundation, as well as organizations serving seniors.

For 22 years, Kylemore Communities has been building

”

luxury homes of lasting value in some of the most desirable neighbourhoods in the Greater Toronto Area. From boutique resort-style condominiums, to executive townhomes, exquisite detached residences and magnificent custom homes, Kylemore delivers quality craftsmanship, innovative design and superior architecture to their valued homeowners. kylemorecommunities.com

HOT PROPERTIES

find your next home

The latest properties in the greater toronto Area to keep your eye on

new openinGs a. country lane By: Heathwood Homes City: Whitby Housing type: Detached homes. Models now open Heathwood.com

B. upper valleylands

8. edenBridGe kinGsway

Gta prevIew reGistration 1. saturday in downsview park By: Mattamy Homes City: Toronto, North York Housing type: Condominium mattamyhomes.com

2. suGar wharf By: Menkes City: Toronto Housing type: PATH-connected waterfront condos menkes.com

3. klein estates By: Lindvest City: Kleinberg Housing type: Upscale detached homes on 42 and 50 ft. lots lindvest.com

4. Bijou on Bloor By: Plaza City: Toronto Housing type: Condo pureplaza.com

5. whitBy meadows By: Fieldgate Homes Location: Whitby Housing type: Detached fieldgatehomes.com

7. thirty six zorra By: Altree Developments Location: Toronto Housing type: Condominiums thirtysixzorra.com

+

By: Tridel Location: Toronto Housing type: Condominium Tridel.com

12. 55 charles residences By: Mod Developments Inc. City: Toronto Housing type: Condo 55charlesresidences.com

13. moBilio By: Menkes City: Vaughan, Concord Housing type: Condo menkes.com/mobilio

14. linx By: Tribute City: Toronto Housing type: Condominiums LinxCondos.com

17. eleven altamont By: Heathwood Homes City: Toronto, North York Housing type: Townhomes Heathwood.com

By: Fieldgate Homes City: Brampton Housing type: Semis, single-detached and freehold townhomes from upper $500s fieldgatehomes.com

d. impressions By: Fieldgate Homes City: The Village of Kleinburg Housing type: Luxury singles fieldgatehomes.com

h. aqualuna By: Tridel City: Toronto Housing type: Condo tridel.com/aqualuna

j. evermore By: Tridel City: Etobicoke in Toronto Housing type: Condo Tridel.com

k. auBerGe on the park By: Tridel City: Toronto Housing type: Condo www.tridel.com/auberge

18. natura By the forest By: Delta Rae City: Whitby Housing type: Semis and Singles NaturaByTheForest.com

maps Locate properties using the map on the following page

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 nexthome.ca  55

HOT PROPERTIES | GREATER TORONTO AREA

F D 3

13 17

1

C

K

B 16

12

8 15

J

MAPS Match the map numbers with property listings on the previous Hot Properties page

®

56 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

17 14

7

2

H

I

A

18 5

14

N

NEW HOMES NEW CONDOS

CARTOGRAPHY: MARKETMAPS.COM

MAP LE GE N D

nexthome.ca  57

FOCALPOINT

e-NEWS!

monthly podcast series – featuring your favourite in-the-know lifestyle experts

NEW CONTESTS

Benjamin Moore Paint Contest Enter for your chance to WIN five gallons of premium Benjamin Moore paint and a professional colour fan-deck for you to create your own uniquely colourful decorating experience! Prize value $500 Cdn.

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HOT PROPERTIES

find your next home The latest properties in southwestern ontario to keep your eye on 9. homestead

g. fallingWaters

By: Branthaven Homes City: Mount Hope in Hamilton Housing type: 33, 36, 38 & 40 ft. singles branthaven.com

By: Losani Homes City: Stoney Creek Housing type: Luxury townhomes email: Pronto@LosaniHomes.com

10. Winona county

h. timBerWood estates

By: Branthaven Homes City: Winona county Housing type: 36 & 40 ft. singles branthaven.com

By: Mountainview Homes City: Thorold Housing type: Townhomes, detached homes timberwoodestates.ca

11. WaterWorx

sWo prevIew registration 1. casa di torre By: Branthaven Homes City: Stoney Creek Housing type: Condos from 550 to 978 sq. ft. from the low $300s branthaven.com

2. one tWenty condominiums By: Mountainview Homes City: Fonthill Housing type: Condominiums mountainview.com

3. the mcKenzie By: Losani Homes City: Caledonia Housing type: Towns and singles mckenziecaledonia.ca

4. Brant West By: Losani Homes City: Brantford Housing type: Towns and singles brantwest.com

5. the Peninsula

By: Losani Homes City: Hamilton Housing type: Townhomes LosaniHomes.com

neW oPenings a. lyon’s creeK By: Mountainview Homes City: Niagara Falls Housing type: Semis lyonscreekhomes.com

B. Vista ridge By: Losani Homes City: Beamsville Housing type: Townhomes and detached losanihomes.com

c. sParroW meadoWs By: Mountainview Homes City: Welland Housing type: Singles and townhomes sparrowmeadows.com

J. simPly grand By: Losani Homes Location: Paris Housing type: semis and singles losanihomes.com

K. Wallaceton By: Heathwood Homes Location: Kitchener Housing type: Towns and detached homes heathwood.com

l. harrisVieW By: Sifton City: Ingersoll Housing type: Detached homes sifton.com/HarrisView

d. lincoln estates By: Losani Homes City: Lincoln Housing type: Single-detached homes losanihomes.com

e. elements

By: Losani Homes City: Paris Housing type: Towns, semis and singles parispeninsula.com

By: Mountainview Homes City: St. Catharines Housing type: Luxury oneand two-bedroom condos elementscondo.com

6. synergy

f. the PreserVe

By: Branthaven Homes City: Oakville Housing type: Urban trailside condos branthaven.com

By: Mattamy Homes City: Oakville Housing type: Townhomes mattamyhomes.com

+

i. saffron estates By: Mountainview Homes City: Fonthill Housing type: Townhomes, detached homes saffronestates.ca

maPs Locate properties using the map on the following page

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 nexthome.ca  59

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

KITCHENER–WATERLOO

Guelph

K

Waterloo Kitchener

Milton

Cambridge

J

Brantford

Hamilton

5

4

LONDON

9

L 3

London

MAPS Match the map numbers with property listings on the previous Hot Properties page

60 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

Mississauga

MAP LE GE N D NEW HOMES

F 6

NEW CONDOS

Oakville

Burlington

11

11 G B

E D

St Catharines H

Niagara Falls

2

A

I

C

Welland CARTOGRAPHY: MARKETMAPS.COM

10

nexthome.ca  61

BY THE NUMBERS

GTA NEW HOME SALES REMAIN

SOLID IN JULY It was a busy month by July standards as both condo sales and single-family sales were up year over year the Building Industry and Land Development Association (BILD) announced last week.

There were 566 new singlefamily homes, including detached, linked and semi-detached houses and townhouses, sold in July, according to Altus Group, BILD’s official source for new home market intelligence. Although sales increased 136 per cent from last July, they were 29 per cent below the 10-year average.

Sales of new condominium apartments in low, medium and highrise buildings, stacked townhouses and loft units, with 2,297 units sold, were up 22 per cent from July 2018 and 42 per cent above the 10-year average.

“Typically, buyers take a bit of a vacation from the new condo apartment market in July. This year was no different, although the decline in sales was less pronounced than usual, resulting in the second strongest July on record,” said Patricia Arsenault, Altus Group’s Executive Vice President, Data Solutions. “While

few new projects launched in July, sales at projects opened in June were brisk.”

The benchmark price of new condominium apartments increased from last month, to $838,824, up 8.3 per cent over the last 12 months. The benchmark price of new single-family homes decreased slightly from last month, to $1,091,727, down 4.5 per cent over the last 12 months, continuing its moderating trend in 2019.

Strong July sales, paired with traditional fewer summer openings, saw inventory decrease in July to 12,873 condominium apartment units and 4,409 singlefamily homes. Remaining inventory includes units in preconstruction projects, in projects currently

under construction and in completed buildings.

Total new home sales in the first seven months of 2019, at 20,268 units sold, are up 45 per cent from the same period in 2018 and 9 per cent below the 10-year average.

“The price gap between single-family homes and condos continues to shrink, leaving new home buyers with a lack of choice,” said David Wilkes, BILD President & CEO. “We must provide more ‘missing middle’ type development that can support transit in established neighbourhoods. More ‘gentle density’ housing in the form of mid-rise buildings, condos with street level retail, and stacked townhouses is needed to give consumers more choice.

July New Home Sales by Municipality:** July 2019

Condominium Apartments

Single-family

Total

Region

2019

2018

2017

2019

2018

2017

2019

2018

2017

Durham

29

6

27

118

44

60

147

50

87

Halton

59

46

18

82

25

18

141

71

36

Peel

415

150

148

142

87

0

557

237

148

1,522

1,557

1,118

46

8

6

1,568

1,565

1,124

Toronto York

272

120

461

178

76

34

450

196

495

GTA

2,297

1,879

1,772

566

240

118

2,863

2,119

1,890

**Historical data are subject to revision.

62 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

SOURCE: ALTUS GROUP

townhome

Condo

Bungalow

Location BuiLder/deveLoper name Site name

semi

#IntheCity

detached

index of advertisers

priceS

page

Bloor West village

Plaza pureplaza.com

Bijou on Bloor

•

Inquire

3

Bloor Yorkville

Mod developments inc.

55 Charles Residences

•

From 500's

21

downsview park

Mattamy Homes mattamyhomes.com

Saturday in Downsview Park

•

$4,990

IBC

etobicoke

tridel tridel.com

Evermore

Inquire

4,5

etobicoke

Heathwood Homes

Eleven Altamout

•

From 1 million

27

etobicoke

Mattamy Homes mattamyhomes.com

Vita on the Lake

•

Inquire

IBC

etobicoke

Mattamy Homes mattamyhomes.com

Vita Two

•

Inquire

IBC

north York, on

Mattamy Homes mattamyhomes.com

Origins of Don mills

•

•

Inquire

IBC

north York, on

Mattamy Homes mattamyhomes.com

Park Place on Patricia

•

Inquire

IBC

Queens Quay east

tridel tridel.com

Aqualuna

•

Inquire

4,5

Scarborough

Mattamy Homes mattamyhomes.com

Thomson Towns

•

Inquire

IBC

Scarborough

Mattamy Homes mattamyhomes.com

Upper Summerside

•

Inquire

IBC

toronto

altree developments

Thirty Six Zorra

•

From 300's

15

toronto

Menkes menkes.com

Sugar Wharf

•

Inquire

IFC

toronto

tribute Communities

Linx

•

Inquire

T5

toronto

tridel tridel.com

Auberge on the Park

•

Inquire

4,5

toronto

tridel tridel.com

Edenbridge

•

From 900's

2,3

•

nexthome.ca 63

Beamsville

Losani Homes losanihomes.com

Vista Ridge

•

Bracebridge, on

Mattamy Homes mattamyhomes.com

White Pines

•

Brampton

Mattamy Homes mattamyhomes.com

Union Mount Pleasant

Brampton

Mattamy Homes mattamyhomes.com

Union Mount Pleasant

Brantford

Losani Homes losanihomes.com

Brant West

caledon/Brampton Border

fieldgate Homes fieldgatehomes.com

Upper Valleylands

• •

caledonia

Losani Homes losanihomes.com

The McKenzie

•

Fonthill

Mountainview Homes mountainviewhomes.com

One Twenty Condominiums

Fonthill

Mountainview Homes mountainviewhomes.com

Saffron Estates

Fonthill

Mountainview Homes mountainviewhomes.com

Homestead

Hamilton

Losani Homes

Waterworx

ingersoll

sifton

Harrisview

•

Kitchener

Heathwood Homes

Wallaceton

•

Kleinburg

fieldgate Homes fieldgatehomes.com

Impressions

•

Kleinburg

Mattamy Homes mattamyhomes.com

Kleinburg Summit

Lincoln

Losani Homes losanihomes.com

Lincoln Estates

markham

Mattamy Homes mattamyhomes.com

The Condominiums of Cornell

milton

Mattamy Homes mattamyhomes.com

Hawthorne South Village

•

mount Hope

Branthaven Homes welcomehomestead.com

Homestead

niagara Falls

Mountainview Homes lyonscreekhomes.com

Lyon's Creek

oakville

Branthaven Homes thetauntonapartments.com

The Taunton

oakville

Mattamy Homes mattamyhomes.com

oakville

Mattamy Homes mattamyhomes.com

64 New Home + Condo Guide | Aug. 31–Sept. 14, 2019

townhome

Condo

Bungalow

semi

Location BuiLder/deveLoper name Site name

detached

#BeyondtheCity

•

priceS

page

From $300’s

2,44

$419,990

IBC

•

From $300’s

IBC

•

From $300’s

IBC

From 400's

2,44

•

From $500’s

7

•

Inquire

2,44

•

Inquire

43

•

Inquire

43

•

Inquire

43

•

From $300’s

T15

$487,500

45

From $500’s

27

Inquire

7

$799,990

IBC

Inquire

2,44

By Appointment

IBC

Inquire

IBC

•

Inquire

41, 47

•

From $400's

43

•

Inquire

41, 47

East Preserve

•

$580,000

IBC

The Preserve

•

Inquire

IBC

•

•

•

•

• • •

•

oakville

Mattamy Homes mattamyhomes.com

The Preserve Woodland Estate

paris

Losani Homes losanihomes.com

Simply Grand

• •

paris

Losani Homes losanihomes.com

The Peninsula

• •

pickering

Mattamy Homes mattamyhomes.com

Seaton Whitevale

•

pickering

Mattamy Homes mattamyhomes.com

Seaton Taunton

pine valley & teston

Lindvest Lindvest.com

Klein Estates

•

richmond Hill

Mattamy Homes mattamyhomes.com

Richmond Green

•

St catharines

Mountainview Homes mountainviewhomes.com

Elements

South mississauga

Consulate developments

20 Twenty Towns

Stoney creek

Branthaven Homes casaditorrecondos.com

Casa Di Torre

Stoney creek

Losani Homes losanihomes.com

Fallingwater

West Brampton

fieldgate Homes fieldgatehomes.com

Valleylands

•

Welland

Mountainview Homes mountainviewhomes.com

Sparrow Meadows

•

Welland

Mountainview Homes mountainviewhomes.com

Timberwood Estates

Whitby

Heathwood Homes

Country Lane

Whitby

Mattamy Homes mattamyhomes.com

Queen's Common

Winona

Branthaven Homes branthaven.com

Life

Winona

Branthaven Homes branthaven.com

Winona County

townhome

Condo

Bungalow

semi

Location BuiLder/deveLoper name Site name

detached

#BeyondtheCity

•

priceS

page

Inquire

IBC

Inquire

2,44

Inquire

2,44

•

Inquire

IBC

•

$400,000

IBC

Inquire

11

$845,000

IBC

Inquire

43

•

From $599,000

29

•

From $300’s

41, 47

From $600’s

2,44

Mid $900’s

7

Inquire

43

•

Inquire

43

•

From $700’s

27

499,000

IBC

Inquire

41, 47

Inquire

41, 47

•

•

•

•

• • •

•

nexthome.ca 65

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COMING SOON. – A C O L L E CT I O N O F C L A S S I C A N D URBAN TO W N S I N D O W N S V I E W PA R K .

Welcome to Parkside Towns at Saturday. Nestled beside Downsview Park, these Classic and Urban townhomes are both convenient and affordable. With either patios or terraces, every home has been designed to complement the beautiful surroundings. Close to the subway, highways and other life’s necessities, one of the best things about Parkside Towns is the unbeatable location.

CLASSIC TOWNS FROM THE MID $800’S / UP TO 2,000 SQ.FT.

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Prices and specifications subject to change without notice. E. + O.E. Exclusive Broker MarketVision Real Estate Corp. Brokers protected.