GTA Homes Magazine - September 7, 2024

CountryWide Homes breaks ground at Sora Vista in Vaughan

Homes

PERSONAL FINANCE | JESSE ABRAMS

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

WESTERN VIEW | MIKE COLLINS-WILLIAMS

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

HOME REALTY | DEBBIE COSIC

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

DECOR | LINDA MAZUR

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

TRREB REPORT | JENNIFER PEARCE

Jennifer Pearce, TRREB President, is a Broker and Owner with ReMax Rouge River Realty Ltd., a family owned and operated brokerage. She is a secondgeneration realtor and has been licensed since 2000. trreb.ca

BIG STYLE | LISA ROGERS

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

LEGALLY SPEAKING | JAYSON SCHWARZ

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

BILD REPORT | DAVE WILKES

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

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

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FEAR NOT, PREPARED BUYER

WAYNE KARL EDITOR-IN-CHIEF HOMES Magazine

EMAIL: wayne.karl@nexthome.ca

TWITTER: @WayneKarl

Summer is almost over, by temperature and soon by calendar, and at time of writing, we were on the eve of the Bank of Canada’s latest interest rate announcement on Sept. 4.

It’s a natural period of transition, as we edge out of the warmer – and typically, in the context of real estate, slower months.

Most experts expected the BoC to have introduced its third straight rate reduction on Sept. 4, helping to inspire more homebuying activity for those who are prepared, and giving those sitting on the sidelines the little nudge they might need.

All of this is good news as we look ahead to the final few months of 2024 and into 2025.

“The fall market is usually a good early indicator for activity as we look ahead to early 2025, and we’re headed toward more healthy territory,” Christopher Alexander, president of ReMax Canada, says in the realty firm’s 2024 Fall Housing Market Outlook (see page 9). “With interest rates starting to ease, buyers are beginning to come off the sidelines.”

Atypically, perhaps, for this year compared to previous years, is that this period is also characterized by larger systemic challenges beyond market dynamics. Housing supply and affordability remain serious long-term challenges – so much so that the Building Industry and Land Development Association (BILD) is calling for urgent government action.

“The (July 2024 new home sales) numbers present a clear picture and signal the need for an urgent response from government,” says Justin Sherwood, senior vice-president of communications and stakeholder relations at BILD. “Changes in interest rates will not solve what is an ongoing structural problem, particularly evident in the GTA.”

Alexander concurs, for the resale market. “Ultimately, for the long-term health of Canada’s housing market, we need a national housing strategy developed in collaboration between all levels of government, that’s more strategic and visionary in how we can use existing lands and real estate to boost supply.

“Despite some consumer confidence starting to return to the market this season, the reality is Canadians are still grappling with some serious housing affordability challenges rooted in lack of supply,” he says. “Yes, borrowing is becoming less expensive, but this won’t make housing affordable in the long run. Markets ebb and flow, and as buyers re-enter the market and absorb inventory, we’ll see more upward pressure on price.”

Complex issues, indeed. But opportunities for new-home buyers remain, as other content in this issue explores.

For those prepared and ready to make their move, this window of opportunity may not be open indefinitely. Activity is picking up, and so too, likely in some markets, will purchase prices.

INDUSTRY CALLS FOR URGENT GOVERNMENT ACTION AS NEW HOME SALES HIT ALL-TIME LOW

Greater Toronto Area (GTA) new home sales in July remained slow, recording an all-time low for the month with very few new project releases and steadily increasing months of inventory, the Building Industry and Land Development Association (BILD) reports.

There were 654 new home sales in July which was down 48 per cent from July 2023 and 70 per cent below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.

“The numbers present a clear picture and signal the need for an urgent response from government,” says Justin Sherwood, senior vicepresident of communications and stakeholder relations at BILD. “Changes in interest rates will not solve what is an ongoing structural problem, particularly evident in the GTA. The cost to build, driven by excessive government fees and taxes, is simply too high. Without immediate action by government, new construction activity will continue to slow and the GTA’s housing shortage will reach unprecedented levels over the next few years.”

“GTA new homes sales in July 2024 sank to another record monthly low as buyers remained unwilling to leave the sidelines,” says Edward Jegg, research manager with Altus Group. “Further expected decreases in interest rates in the coming months, along with elevated inventories, means there will be plenty of opportunities once consumer confidence improves.”

Condominium apartments, including units in low-, mediumand highrise buildings, stacked townhouses and loft units, accounted for 287 units sold in July, down 67 per cent from July 2023 and 81 per cent below the 10-year average.

There were 367 single-family home sales in July, down one per cent from July 2023 but 42 per cent below the 10-year average.

Single-family homes include detached, linked and semi-detached houses and townhouses (excluding stacked townhouses).

Total new home remaining inventory increased compared to the previous month, to 21,660 units. This includes 17,445 condominium apartment units and 4,215 singlefamily dwellings. This represents a combined inventory level of 15 months, based on average sales for the last 12 months. This is a high inventory level, maintaining the trend seen since autumn 2023 of remaining inventory levels near or just above

the 20,000-unit mark. Months of inventory are increasing not because the number of new units coming to market is dramatically increasing, but rather because sales are continually decreasing. This is an unhealthy situation, because as interest rates decrease, sales will return but it will take longer for new building to recover, setting up a future supply/ demand imbalance.

Benchmark prices decreased in July for both single-family homes and condominium units compared to the previous year. The benchmark price for new condominiums was $1.02 million, which was down six per cent over the last 12 months, while new single-family homes were $1.58 million, down five per cent.

STEADY MARKETS EXPECTED ACROSS CANADA IN FALL: REMAX

With the long-anticipated decline in interest rates finally starting to materialize, early indicators from brokers and agents across Canada suggest steady housing market activity this fall. Average sale prices across all housing types are expected to increase between one and six per cent in the majority of regions by year’s end, according to ReMax’s 2024 Fall Housing Market Outlook.

Ahead of the Bank of Canada (BoC) interest rate announcement on Sept. 4, two in 10 Canadians (16 per cent) said they will feel more comfortable engaging in the real estate market once they see there is more than a 100-basis-point cut to the BoC’s lending rate between now and the end of the year, according to a Leger survey commissioned by ReMax as part of the report.

“The fall market is usually a good early indicator for activity as we look ahead to early 2025, and we’re headed toward more healthy territory,” says Christopher Alexander, president of ReMax Canada. “With interest rates starting to ease, buyers are beginning to come off the sidelines. That’s not to say the fall market will be in full swing according to historic standards. Consumers will drive that trend, so we’ll need to see a bigger move by the Bank of Canada for that to happen.”

Ahead of further anticipated interest rate cuts by the Bank of Canada, it seems that even the mere prospect of lower rates has boosted confidence among first-time homebuyers, with 25 per cent of Canadians actively saving for a home purchase and confident they will be able to buy soon (with the majority being younger Millennials and Gen Zs aged 18 to 24, at 35 per cent).

On the flipside, dropping interest rates now may prove too little, too late for some current homeowners, with 14 per cent saying they need to renew their mortgage soon, and with

the current higher interest rate, they may need to sell their home.

When it comes to financial savings, the Leger survey revealed that while a home purchase is listed among the top three priorities for 25 per cent of Canadians, it has taken a back seat to day-to-day expenses such as utilities and food (58 per cent) and travel (45 per cent).

In the search for affordability, onequarter of Canadians say that they are considering moving to another country (28 per cent) and 25 per cent say they are reconsidering whether to have children or start a family due to housing affordability challenges.

“Despite some consumer confidence starting to return to the market this season, the reality is Canadians are still grappling with some serious housing affordability challenges rooted in lack of supply,” says Alexander. “Yes, borrowing is becoming less expensive, but this won’t make housing affordable in the long run. Markets ebb and flow, and as buyers re-enter the market and absorb inventory, we’ll see more upward pressure on price.

“Ultimately, for the long-term health of Canada’s housing market, we need a national housing strategy developed in collaboration between

all levels of government, that’s more strategic and visionary in how we can use existing lands and real estate to boost supply. In the meantime, buyers would be wise to work with an experienced real estate agent to help navigate those cyclical market ups and downs that often accompany this push and pull of supply and demand.”

Despite interest rate cuts, low housing supply continues to impact multiple markets across Ontario, keeping prices high. However, some buyers are gaining more confidence as mortgage rates decrease and are slowly re-entering the market heading into fall, keeping prices relatively stable in comparison to the year prior, ReMax says. Housing supply is expected to become a larger issue once further interest rate cuts motivate buyers on the sidelines to re-enter the market and spark more competition.

Across Ontario, 12 regions are expecting average residential prices to remain flat or increase modestly heading into the fall. Increasing markets include Brampton, Mississauga and Barrie (each rising five per cent), Peterborough, York Region and Kingston (three per cent), Niagara (two per cent), and Durham Region and Ottawa (one per cent).

GERANIUM BREAKS GROUND AT AWARD-WINNING CLAREHAVEN ESTATES

New-home builder Geranium recently joined City of Pickering Mayor Ashe and members of Council, together with Durham Region representatives, to announce the beginning of construction at Clarehaven Estates in Claremont, North Pickering.

Clarehaven Estates was the fastest selling luxury lowrise community in the GTA with homes priced of more than $2 million in 2023-24. Sixty per cent of the 70 homes were sold between October 2023 and March 2024, according to Geranium, and to date, 68 of 70 lots have been sold.

Cheryl Shindruk, executive vicepresident at Geranium, attributes the strong sales pace to a high demand for spacious homes set on expansive 100- by 300-ft. lots, nestled in a picturesque countryside amidst abundant amenities. “With the strong market response and successful sales program, we are pleased to commence construction and are aiming to begin welcoming new residents in the fall of 2025 and complete home closings by the end of 2026.”

Clarehaven Estates has an exclusive collection of bungalows, bungalowlofts, and two-storey homes featuring Traditional, Transitional and Contemporary architectural styles. These residences offer diverse layouts that balance private sanctuaries with communal areas, boasting luxurious interior finishes. Originally priced from $2.3 million, Clarehaven Estates attracts discerning buyers, including families looking to upgrade to homes designed for modern living, capable of comfortably accommodating multiple generations.

“The commencement of Clarehaven Estates marks an important step in bringing more housing supply and diversity to Pickering,” says Mayor Kevn Ashe, speaking at the celebration. “Pickering is slated to be one of the fastest growing municipalities in the

region, and this neighbourhood will welcome families and community members who are seeking this unique collection of housing types, alongside the natural beauty and historical charm of the Hamlet of Claremont. We are thrilled that this development will include a new neighbourhood park, where all community members can gather and connect.”

Shindruk credits the company’s sales success to its consultative land development approach, refined over Geranium’s 47-year history. “As a vertically integrated land developer and homebuilder, Geranium eagerly embraces the responsibility to create planned communities that both respect and enhance their surroundings. With collaborative input by Pickering’s City staff, Regional staff, Council, various government departments, neighbouring residents and a skilled consulting team, we have meticulously crafted a vibrant new neighbourhood that welcomes new families into the community fabric.”

The sales success of Clarehaven Estates is bolstered by its estate-size lots, luxurious design elements, and competitive pricing. Homes range from 2,557 to 5,149 sq. ft., offering a

variety of desirable features such as elevators, ground floor primary and guest suites, dedicated office spaces and spacious five-bedroom layouts. Each home includes premium amenities, such as expansive rear yard loggias, three-car garages and every bedroom equipped with private or shared ensuites. Elevated interior finishes further enhance the built-in value of these residences.

Clarehaven Estates is surrounded by nature and close to shopping, golf, ski resorts, hiking trails and MarkhamStouffville Hospital. In addition, Toronto is a 30-minute drive easily accessed via Hwy. 407, and the site is near GO Transit and bus services.

This fall, Geranium will launch sales of Belwood Estates, a prestigious estate home community nestled in the picturesque Fergus-Elora area, west of the GTA. These residences will revive the sought-after features of Clarehaven Estates, offering expansive lots more than 100-ft. wide amidst a serene natural backdrop and highend interior finishes, complemented by convenient access to modern amenities. Prospective buyers can register at geranium.com.

geranium.com

City of Pickering Mayor Kevin Ashe, Durham Regional Councillor David Pickles, Ward Councillors and City Staff join Geranium Executive Vice-President Cheryl Shindruk to break ground at Clarehaven Estates in Claremont.

PENT-UP DEMAND BEGINS TO PUSH ACTIVITY IN DETACHED MARKETS

Move-up or down buyer segments, as well as investors, have been fuelling detached homebuying activity in the first six months of 2024 in the GTA and elsewhere in Canada, according to a report from ReMax Canada.

The ReMax Hot Pocket Communities Report surveyed 83 markets in the GTA, the Greater Vancouver Area and the Fraser Valley, and found that close to 40 per cent of markets reported an increase in detached housing values in the first half of the year, while 30 per cent reported an upswing in the number of sales. The GTA’s 416 area code led the other regions in rebounding sales momentum, with slightly more than 34 per cent of neighbourhoods stable or experiencing growth in detached homebuying activity – ahead of the 905, Greater Vancouver and Fraser Valley.

“While affordability remains the top obstacle for first-time homebuyers, more experienced buyers and investors are taking advantage of softer housing values, making their moves ahead of the Bank of Canada’s (BoC) end to quantitative tightening,” says ReMax President Christopher Alexander. “Pent-up demand continues to build, with an estimated 20,000 to 25,000 buyers currently lying in wait in the GTA, and another 5,000 buyers in the Greater Vancouver area ready to pull the trigger. The first interest rate cut in June did little to incentivize buyers, but early indications show the second may have struck a nerve.

“While buying intentions slowed, new household formation, lifecycle events, immigration and population growth have continued,” adds Alexander. “The right conditions will undoubtably unleash demand. Meantime, certain neighbourhoods have proven stronger than others.”

In the Greater Toronto area, pockets that posted notable percentage gains in homebuying

activity include Dufferin Grove, Little Portugal, Trinity-Bellwoods, Palmerston-Little Italy, Niagara, University, Kensington-Chinatown, Bay St. Corridor, Waterfront Communities; Oakwood Village, Humewood-Cedarvale, YongeEglinton, Forest Hill South; RosedaleMoore Park; Leaside, Thorncliffe Park, Flemingdon Park; Rockcliffe-Smythe, Keelesdale-Eglinton West, CaledoniaFairbank, Corso Italia-Davenport, Weston-Pelham Park.

“Vibrant downtown/midtown communities remain a perennial favourite with purchasers in Toronto, with buyers vying for detached properties in coveted blue-chip neighbourhoods such as RosedaleMoore Park, Forest Hill South, the Kingsway, Leaside and The Beaches, as well as gentrified areas including Trinity-Bellwoods, Palmerston-Little Italy, and Corso Italia-Davenport,” says Alexander. “The ongoing evolution of these neighbourhoods continues to prop up demand as buyers at all price points are drawn to their attractive walkability scores, entertainment and amenities, including parks, restaurants, trendy shops and cafes.”

In the GTA, 40 per cent of communities in the 905 reported an upswing in average price, with the highest gains reported in Scugog

in Durham Region and Stouffville in York Region. Upward trending, albeit more moderate, was also reported in detached house values in York Region – Aurora, Newmarket, Richmond Hill; Durham Region; and Halton Region.

In the city of Toronto, almost 29 per cent of markets registered upward momentum in detached housing values. The highest increase was noted in the Kingsway South, Princess-Rosethorn, Edenbridge Humber Valley, Islington-City Centre West, Etobicoke-West Mall, Markland Wood and Eringate-CentennialWest Deane, followed by High Park North, Junction Area, RunnymedeBloor West Village, Lambton-Baby Point, Dovercourt-Wallace, and Emerson Junction.

Many purchasers in today’s market are first-time trade-up buyers, moving from semi-detached homes, townhomes or link dwellings to detached housing,” says Alexander. “This cohort has been fortunate in the sense that the entry-level price range has been relatively sheltered from downward pressure and has made the step up to a single-detached ownership less onerous than in past years. While affordability remains top of mind, first-time trade-up buyers were active in various pockets and price points.”

COUNTRYWIDE HOMES BREAKS GROUND AT SORA VISTA IN VAUGHAN

In a real estate market that’s seeing some developers putting projects on hold and slowing new home starts in the Greater Toronto Area, the groundbreaking of Sora Vista by CountryWide Homes is a refreshing sign of progress.

Undeterred by market challenges, CountryWide Homes is forging ahead with Sora Vista, a community that will bring thoughtfully crafted premium detached homes to Pine Valley Drive and Teston Road in Woodbridge. This groundbreaking event not only marks the start of construction, but also underscores CountryWide’s enduring legacy of trust and excellence as a homebuilder of choice. Sora Vista represents the latest chapter in the company’s commitment to delivering high-quality homes that meet the evolving needs of Canadians, continuing a tradition of craftsmanship and reliability that has been the hallmark CountryWide for two decades.

“At CountryWide Homes, we believe in creating homes that not only provide ample space but also incorporate features that enhance everyday living. From 10-ft. ceilings on the main floor to the option of elevators, we’ve considered every detail to create a truly luxurious experience,” says Richard Mariani, sales and marketing manager for CountryWide Homes.

This dedication to thoughtful design is evident in every aspect of Sora Vista. With construction now underway, prospective homeowners can look forward to fully customizable floorplans, including bungalow-style homes and options for two-car or tandem garages that accommodate up to five vehicles. With generous living spaces ranging from 2,400 to 3,400 sq. ft., these homes are designed to cater to families of all sizes and at all stages of life.

The homes at Sora Vista strike a perfect balance between luxury and practicality. Open-concept layouts create a seamless flow between expansive family rooms and gourmet kitchens, which are outfitted with high-end stainlesssteel appliances, quartz countertops and custom cabinetry. Additional features such as side door entrances and ground-floor bedrooms can accommodate all sorts of family living arrangements, accommodating parents, grandparents and children all under one roof.

Sora Vista is not just about building homes for today; it’s about creating a future-ready community designed to meet the evolving needs of homeowners. With its spacious layouts, customizable options and a focus on both design and practicality, Sora Vista is a place where families can grow and thrive for generations to come. To explore what Sora Vista has to offer, take a virtual tour of the model homes and discover the possibilities at countrywidehomes.ca.

ESTATE HOMES

Coming soon to Creditview, Brampton – Branthaven’s Classic Drive

Coming this fall, Branthaven is offering an exciting new home opportunity with a bespoke collection of 38-, 42- and 50-ft. estate homes in a rare and exceptional setting – Classic Drive, Creditview Home Collection.

HOMEBUYING

Navigating the GTA housing market

The Bank of Canada did what we all hoped on July 24 – instituting its second consecutive interest rate cut, reducing the policy rate by 25 basis points to 4.25 per cent. The hope is that the move kicks off a notable pick-up in homebuying – and building – and that the reduction is the first of many..

SPECIAL REPORT

Guelph – future ready, here and now

Known as the “Royal City” for its historic connection to the British royal family, Guelph has been transitioning for years, from a small university town into one of the province’s fastest growing and wellbalanced economies. And that means growth, employment and opportunity.

NEW COMMUNITY

Northside by Granite Homes –stacked towns and flats now selling in North Guelph

Attention first-time buyers, downsizers and investors... embrace a new direction in modern living at Northside in Guelph by Granite Homes, where design, lifestyle, community and convenience converge.

HOUSING POLICY

Public opinion survey reveals depths of residents’ concerns about housing crisis

A recent public opinion survey shows 90 per cent of people in the GTA agree there is a housing affordability issue, and 72 per cent of agree that there is not enough being done to address it.

CountryWide’s model homes, such as this one recently completed for Kleinburg Hills, provide a taste of the premium finishes and modern designs homeowners can choose from.

READY FOR A NEW HOME?

8 REASONS WHY COUNTRYWIDE HOMES SHOULD BE YOUR PREMIUM BUILDER OF CHOICE

There’s nothing like the joy of moving into a newly built home – a fresh start where you can create lasting memories and shape your future. CountryWide Homes understands that a home is more than just a place to live; it’s where life truly unfolds. For 20 years, they have consistently delivered quality, innovation and personalized service across the GTA. Known for developing soughtafter communities like Glen Abbey Encore in Oakville and Kleinburg Hills in Vaughan, CountryWide is the benchmark for premium homebuilding.

If you’re ready to buy a newly built home, here are eight reasons to choose CountryWide Homes.

1. A COMPANY WITH DEEP ROOTS

Deeply rooted in the development industry since the 1950s, CountryWide Homes is a familyowned business dedicated to crafting homes with care and passion. Founded on a powerful dream of offering the finest homes with the best features, finishes and unmatched workmanship, CountryWide carries a legacy of quality that ensures every home reflects the values of the families who live in them. After two decades, they continue to stay true to the founder Angelo De Gasperis’ original dream, always looking to innovate and set the highest standards in community building.

2. SUPERIOR CRAFTSMANSHIP AND THOUGHTFUL DESIGN

Superior craftsmanship is the cornerstone of every home at CountryWide. Their trusted craftsmen and skilled tradespeople, with years of experience and a commitment to quality meticulously construct each home from the framework to the finest details. This dedication to excellence is reflected in the standard features of every CountryWide home, where premium design elements like tall ceilings, side entrances, upgraded flooring and appliance packages are often included as standard.

Communities such as Castles of Caledon in Caledon and Midhurst Valley in Barrie exemplify these

premium inclusions, showcasing the company’s commitment to delivering the most desirable homes in the GTA.

3. QUALITY ASSURED FOR A SMOOTH MOVE-IN

CountryWide ensures it goes beyond for every homeowner to make sure every home meets the highest standard through its unique Quality Assurance Program. With the company’s meticulous internal standards, your biggest investment will be inspected before the official Pre-Delivery Inspection (PDI), allowing homeowners to move into a well-prepared home, offering peace of mind from day one.

4. HOMES BUILT TO SURPASS EXPECTATIONS

are more durable, energy-efficient and sustainable, ensuring greater long-term value and comfort for homeowners.

Each home is further backed by the Tarion Warranty, offering up to seven years of protection against major structural defects, two years for mechanical systems and water penetration, and one year for work and material defects, providing homeowners with added confidence in the quality of their new home.

5. A HISTORY OF HAPPY HOMEOWNERS

CountryWide has built more than 6,000 homes and developed 42 communities across the GTA, underscoring their reliability. In an industry often plagued by stories of developers who fail to meet expectations, CountryWide stands out as a trusted name. Homeowners enthusiastically recommend them to others, recognizing the exceptional quality of their homes.

Jie, a resident of Kleinburg Hills, shares, “We are thrilled with the exceptional quality of our new home and would wholeheartedly recommend a CountryWide home to friends and family.”

Queensville homeowner Jason adds, “CountryWide delivers beautifully designed homes and a top-notch team that goes above and beyond to ensure satisfaction. I would recommend them without hesitation.”

6. TAILORED LIVING FOR EVERY STAGE OF LIFE

CountryWide offers flexible and future-ready living solutions to meet your needs now and as your family and lifestyle evolves over time. With customizable floorplans, homes can accommodate various life stages –whether it’s adding a ground-floor bedroom, creating a home office or supporting multi-generational living, as seen in the Sora Vista community in Vaughan.

CountryWide goes beyond standard building codes through its participation in the Better than Code program. By using advanced techniques and premium materials, CountryWide creates homes that CountryWide’s founder, Angelo De Gasperis, celebrated the groundbreaking of Sora Vista in Vaughan with his grandchildren, the third generation of family homebuilders.

With CountryWide’s meticulous Quality Assurance Program, your biggest investment will be well-prepared so you can move in with peace of mind.

Additionally, modern conveniences such as optional elevators, wide doorways and smart home technologies ensure residents can age in place or downsize comfortably without sacrificing lifestyle.

“Through our research, we develop a deep understanding of the design features our homebuyers appreciate,” says Richard Mariani, sales and marketing manager, CountryWide Homes. “This allows us to think

differently and offer creative solutions for families to live well and thrive at any stage.”

7. PERSONALIZED SERVICE EVERY STEP OF THE WAY

CountryWide offers a tailored homebuying experience to ensure your new home journey is smooth and enjoyable. Each member of their dedicated team, from sales to design studio, construction and customer

care are invested in helping you make the right decisions for your new home.

After move-in, CountryWide continues to prioritize customer satisfaction, providing prompt after-sales support, ensuring that homeowners feel cared for long after they receive their keys.

8. MODEL HOMES THAT INSPIRE

CountryWide collaborates with top interior designers to create model homes that inspire homebuyers and help them envision their ideal living space. These model homes showcase the quality, craftsmanship and attention to detail that buyers can expect, giving them confidence in what CountryWide will deliver. Take a tour through one of the many model homes and get a taste of what life can be like in your new home.

CountryWide Homes stands out for its unmatched craftsmanship, innovative designs and personalized service, making it the natural choice for a home that lasts a lifetime and where cherished memories are made. Trust CountryWide Homes to bring your vision to life and create a home that will be treasured for generations. Visit countrywidehomes.ca for more.

A legacy of quality carries through every home built by CountryWide since 2005.

THE GTA’S EVOLVING

RENTAL LANDSCAPE

JENNIFER PEARCE

Picture a rental market where tenants find themselves in a stronger negotiating position with abundant choices and stabilized rents. This scenario is unfolding now across the Greater Toronto Area’s (GTA) dynamic rental scene. As we explore TRREB’s Q2 2024 Rental Market Report, you’ll discover why this is a pivotal moment for renters, landlords and investors alike.

In the second quarter of 2024, condo rentals were up by more than 25 per cent compared to the same period last year. This wasn’t just about more leases being signed; it was accompanied by a 51-per-cent increase in rental listings. This influx

provided renters with more options and a slight decrease in rental prices.

The average rent for a onebedroom condo dropped to $2,452, down 3.1 per cent from Q2 2023. Two-bedroom condos saw a similar trend, with rents decreasing by 1.9 per cent to an average of $3,178.

However, this current landscape is more than a transient phase. “Demand for rental housing will remain strong for the foreseeable future,” says Jason Mercer, TRREB’s chief market analyst. “While the increase in available inventory over the past year has resulted in slightly more affordable rents, it is important to understand that this relief could be short-lived if we don’t see a steady stream of new rental units coming online, both in terms of purpose-built rental and investor-owned condo rental units.”

The GTA’s population is growing at a record pace, creating ongoing

rental housing demand. Affordability challenges with mortgage rates continue to push potential homebuyers into the rental market, adding further pressure.

For more on the state of the GTA real estate market, check out our monthly Market Watch. We break down prices, sales, and new listings each month with an easy to glance report. Visit trreb.ca for the latest look into the housing market and to connect with a TRREB member realtor.

Jennifer Pearce, TRREB President, is a Broker and Owner with ReMax Rouge River Realty Ltd., a family owned and operated brokerage. She is a secondgeneration realtor and has been licensed since 2000. trreb.ca

WHAT DO FALLING INTEREST RATES

MEAN FOR BUYERS IN THE SHORT AND LONG TERM?

JESSE ABRAMS

Whether you’re just starting to think about homeownership or hunting for the perfect place, navigating the housing market can feel overwhelming, especially with the current landscape of interest rates. In recent months, we’ve seen a downward trend and one that’s expected to continue. Understanding how these rate drops impact the market, both in the short and

long term, can help homebuyers, especially first-timers, strategically plan a way to finally make their entrance.

SHORT TERM: THE CURRENT BUZZ

Let’s first talk about the here and now. Yes, interest rates are dropping, which is great news. However, it’s important to keep in mind that while rates are lower than they’ve been in recent times, they’re not quite as low as they were pre-COVID.

More inventory, more choices

One of the good things about the current market is the sheer amount of

inventory available. There are plenty of homes on the market right now, which means buyers have a lot more choices.

Buyers are feeling ready

With every consecutive drop in rates, more potential buyers are getting ready to dive into the market. Picture this: All those people who were sitting on the fence, waiting for the perfect moment, might just decide now is the right time.

Every rate drop counts

Every single rate drop means more people might decide to jump into the

market. So, if you’re ready to make a move, it might be wise to act sooner rather than later. More buyers can mean more competition, and while that’s great for the market, it means you’ll need to be sharp and ready to act fast on the home you want, and that home prices could rise again.

LONG TERM: THE BIGGER PICTURE

Now, let’s take a step back and look at the bigger picture. What does the future hold if we remain on this trend of declining rates?

The renewal wave

A lot of people who locked in low rates a few years back have renewals coming up in 2025, 2026 and 2027. For those with variable rates and fixed payments, this could call for some serious changes. If rates don’t drop quickly enough, they might face significantly higher mortgage payments. Some might even be forced to sell because of it.

A soft landing

If rates drop fast (which, to be honest, isn’t likely), we might see a soft landing where prices could stabilize gently. But with the current slow and steady drop, it’s more likely we’ll see a gradual softening of prices. This could be good news for first-time buyers, as it means a more stable market and potentially more affordable options down the line.

Hope for stability

The gradual decline in rates could lead to a more stabilized market. This is what we’re all hoping for because a stable market is a healthy market. It could mean that new buyers, like you, have a better shot at finding a home that fits your budget without the crazy price spikes we’ve seen in the past.

What should you do next?

1. Stay informed: Keep an eye on interest rates and educate yourself on market trends so that you feel prepared and ready to move forward.

2. Get pre-approved: This is your golden ticket in a competitive market. It shows sellers you’re serious and ready to go. You can apply for a pre-approval in just five minutes with Homewise, and one of our dedicated mortgage advisors will walk you through the process.

3. Work with a professional: A good mortgage specialist and realtor can help you navigate these waters –helping you find the best rate and mortgage that suits your needs.

4. Be ready to act: With more buyers potentially entering the market, be prepared to move quickly when you find the home you want.

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

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CRAFTING DREAM HOMES AND ENHANCING

ACTIVE ADULT LIVING IN NIAGARA

The Niagara Region is emerging as a hotspot for growth, blending urban convenience with natural beauty, away from the hustle bustle of the GTA. For those seeking a slice of this lifestyle, local builders hold the key, especially those deeply rooted in the community. Builders such as Lucchetta Homes.

Established in 1960, Lucchetta Homes has remained committed to crafting quality homes that families cherish. At Lucchetta Homes, customer satisfaction is paramount. The company’s designs reflect the latest trends, with each element enhancing functionality and comfort.

Lucchetta Homes’ commitment to high standards ensures each home surpasses expectations. From foundation to roof, every detail is crafted with precision and care, thanks to strong partnerships with top local tradespeople. This dedication to excellence has earned Lucchetta Homes widespread industry recognition and awards.

Lucchetta Homes also leads in Green building practices, with certifications for energy efficiency and innovation. Every home they build is Energy Star certified, reflecting their commitment to sustainable living, while offering Net-Zero Ready

options, positioning themselves as pioneers in sustainable housing in the Niagara region.

NIAGARA’S NEWEST HIP COMMUNITY. MOVE IN NOW

Lusso Urban Towns, located in the heart of St. Catharines, features a modern collection of contemporary urban townhomes with access to the best that Niagara has to offer. From local shopping and dining to sports facilities and scenic parks, Lusso Urban Towns is perfectly situated for convenience and recreation. With easy highway access to both Toronto and Buffalo International

Airports, these townhomes offer the perfect balance of urban living and natural beauty.

These stylish, spacious townhomes feature nine-ft. ceilings, extra-large windows, and beautifully designed kitchens. These homes are designed for modern living. Homeowners will also enjoy extra-large single and two-car garages, outdoor covered decks and a range of luxurious

finishes, including quartz countertops and spa-like ensuite bathrooms. These townhomes are low maintenance, as snow removal and lawn mowing services are provided by the homeowner’s association for a small monthly fee.

WATERCREST AT HUNTERS POINTE

Another Lucchetta Community is WaterCrest at Hunters Pointe,

an award-winning active adult lifestyle community located along the Welland Canal in Niagara. This community offers a range of detached bungalows and bungalow townhomes, perfect for independent adults seeking a vibrant social and physical lifestyle. With open-concept designs and upgraded finishes, these homes are ideal for those looking to enjoy the best of mod-ern living without sacrificing comfort.

Close to the Canal, Watercrest residents enjoy a unique setting close to wineries, Niagara Falls and a variety of recreational activities, from golf to cycling trails. With easy access to both Toronto and Buffalo, this community is perfect for those looking to live life to the fullest.

For more information, visit lucchettahomes.com, the Lusso Sales Centre at 24 Grapeview Dr. in St. Catharines, or the Watercrest Sales Centre at 502 Old Course Trail in Welland. With construction well underway, Lucchetta now has move-in-ready homes available. For an appointment, call Paul at 416.605.3885 or Steve at 905.658.2699.

NEW-HOME BUILDING LEADS THE WAY

IN ENERGY-EFFICIENT,

MIKE COLLINS-WILLIAMS

New-home builders in Hamilton are producing a new era of housing that is not only more energy-efficient but also resilient to climate change. This transformation is driven by advances in the Ontario Building Code, as well as by industry leadership through voluntary programs such as Energy Star, Passivhaus, and CHBA Qualified Net Zero Homes. Furthermore, in Hamilton with a focus on our industrial heritage and with the support of the City’s Environmental Remediation Grant Program, new housing often contributes to the cleaning up of contaminated land.

Indeed, the private sector in Hamilton is playing a crucial role in advancing energy-efficient housing. Voluntary programs such as Energy Star, Passivhaus, and Net Zero Housing are setting the bar for new construction. Homes built to Energy Star standards are at least 20-percent more energy-efficient than those built to standard building codes.

New-home builders also often incorporate a menu of their own Green features encompassing everything from energy efficiency to water conservation and indoor air quality. Other times they seek third-party verification through these types of programs as a competitive advantage to attract potential buyers. One significant advancement in energy-efficient housing for

HOUSING

new construction comes from the Canadian Home Builders’ Association (CHBA) Qualified Net Zero Homes program. This initiative certifies homes that produce as much energy as they consume, thanks to advanced construction techniques, highperformance materials and renewable energy systems such as solar panels. Net Zero Homes are designed to be highly efficient, comfortable and resilient, and set a high standard for sustainable living. Builders across the province are increasingly adopting this certification, driving innovation and raising the bar for the entire housing industry.

The impact of these initiatives is stark when comparing new homes to older housing inventory. Modern homes in Ontario consume

significantly less energy as a result of better insulation, high-efficiency heating and cooling systems, and advanced building materials. For example, a new home built to current Ontario Building Code standards uses less than half the energy of a home built in the 1970s. This difference highlights the potential for significant energy savings and greenhouse gas reductions through new construction and buying a newly built home.

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

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REVIVING CANADA’S REAL ESTATE MARKET:

BEYOND RATE CUTS

DEBBIE COSIC

As we navigate through 2024, Canada has already witnessed two interest rate cuts, with the possibility of

another two, perhaps even three, on the horizon. While these rate reductions signal a positive shift, they alone won’t restore full confidence in the GTA real estate market. The rate cuts are just the beginning; other fundamental changes are needed to cultivate a steady and thriving marketplace.

One significant area requiring attention is the mortgage stress test. Originally implemented to ensure borrowers could withstand potential rate increases, the stress test has now become a barrier for many would-be homeowners. In today’s environment, where rates are already trending downward, easing or even eliminating

the stress test could provide much-needed relief for buyers. This move would align the lending criteria with the current economic realities, making homeownership more accessible to a broader range of Canadians.

Another critical change that could support the market is the introduction of a 35-year amortization period. Extending the amortization period would lower monthly payments, making homeownership more affordable for first-time buyers. This extended timeline can be a gamechanger, particularly in Canada’s high-priced markets, where every

“

” The buying public is poised and ready, as evidenced by the flurry of activity that occurs whenever a tremendous deal is offered at one of our sites. This behavior underscores the fact that the public is wise, informed and patiently waiting for the right opportunity.

dollar counts. Combined with rate cuts, this could offer the breathing room that many buyers need to enter the market confidently.

Furthermore, the requirement for a substantial deposit has kept many potential buyers on the sidelines. Lowering the deposit requirement, especially for true first-time homebuyers, could unlock the doors to homeownership for many. This change would not only stimulate the market but also provide a pathway for younger Canadians who are currently priced out of the market. With more accessible financing options, the market could see a surge in activity, driven by a new wave of buyers eager to invest in their first homes.

The buying public is poised and ready, as evidenced by the flurry of activity that occurs whenever a tremendous deal is offered at one of our sites. This behavior underscores the fact that the public is wise, informed and patiently waiting for the right opportunity. The current market offers some of the best deals we’ve seen in more than a decade. Developers who are in tune with today’s buyer demands are presenting exceptional offerings that cater to the current economic climate.

Savvy buyers recognize the value in these opportunities and are taking advantage of them. We believe we are at the lowest point of the market,

where interest rates may continue to fall, but prices will not follow suit. Those who choose to purchase now are positioning themselves in a winning situation. As rates decline and other fundamental changes take hold, these buyers will benefit from the foresight of entering the market at this opportune time.

Ultimately, while interest rate cuts are an essential step toward revitalizing the Ontario real estate market, they must be accompanied by other critical measures. Removing the stress test, extending amortization periods and lowering deposit requirements will create a more inclusive and vibrant market. The conditions are ripe for those ready to seize the moment – there has never been a better time to buy.

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

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NEW-HOME BUYING 101

HERE’S WHAT YOU NEED TO KNOW

Shopping for a new home or condominium? Buying preconstruction brings with it many advantages, as well as differences, from purchasing resale. Here are just a few things to consider if you are looking at buying new.

Enjoying Tarion warranty coverage is a major reason to choose new over resale. The seven-year warranty takes effect when the owner takes possession and covers major structural defects. There are four main types of warranty coverage during this period including deposit protection, delayed closing/ occupancy coverage, condominium cancellations and financial loss coverage for contract homes. Visit tarion.com to find out more.

Purchasing a new condominium is different from buying a new lowrise home. This is especially important to know for people selling their single-detached or semi-detached homes and rightsizing to a condo. Even if you are a seasoned homebuyer, the decision to buy your first condo involves just as much homework and consideration as when you started out. Condominiums are a breed of their own, with protection provided in Ontario through the Ontario

BARBARA LAWLOR

“ ” Whether you choose a new lowrise home or condo, keep in mind that buying early in the selling cycle means you can select the features and finishes that will make your surroundings feel like home to you.

Condominium Act. To help ensure you are happy with your purchase, go into it with your eyes wide open, understanding exactly what you are buying and what to expect. For example, as a condo owner, you will own your unit and the exclusive use of your balcony or terrace, if you have one. You also own a percentage interest in the building’s common elements and amenities.

Whether buying lowrise or condo, you will be asked to sign an Agreement of Purchase and Sale and potentially other documents. These differ, however, depending on the type of home you purchase. For a condominium, you will agree to guidelines set out by the condominium corporation such as maintenance fees and a code of conduct. These rules and by-laws are in place to protect everyone’s safety, privacy and general quality of life. One of the documents will be a condominium declaration, which defines your suite’s boundaries and who is responsible for specific damages. Hire a lawyer who is familiar with condominium real estate to look over the paperwork and advise you.

Another area where lowrise and condominium ownership differs is insurance. Suite owners should have insurance specific to the condo, which should include more than coverage for personal

possessions such as clothing and furnishings. Condo owners should also insure “attached” items in their suite such as counters, cupboards, vanities and the like (including any upgrades they purchased). If these become damaged, suite owners are responsible for repairing or replacing them, which can be a major expense. Whether you choose a new lowrise home or condo, keep in mind that buying early in the selling cycle means you can select the features and finishes that will make your surroundings feel like home to you. Purchase late in the selling cycle, and you may enjoy a discounted price or other perks.

Canada Mortgage and Housing Corp. offers two free buyers’ guides packed with information (visit cmhc-schl.gc.ca).

If in doubt about anything, ask –your real estate agent or lawyer.

Barbara Lawlor is CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing and sales of new home and condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. baker-re.com

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Cliffside Condos by LCH Developments

KYLEMORE IN UNIONVILLE:

THE PERFECT HOMES FOR MULTI-GENERATIONAL FAMILIES

Intergenerational living, a timeless concept, is becoming an increasingly desirable, necessary and convenient choice today. This arrangement brings together grandparents, parents and children under one roof, sharing space, resources and experiences. It is mutually beneficial: Families can pass along traditions and values, enjoy practical benefits such as shared childcare and resources, and receive emotional support.

Kylemore’s WellGen designs are perfect for this kind of living. These homes in Angus Glen South Village offer a mix of shared and private spaces, designed to promote a healthy and balanced lifestyle.

At Angus Glen South Village, Kylemore offers a range of fantastic,

flexible floorplans ideal for multigenerational living. Choose from cosy 600-sq.-ft. coach houses, roomy lofts, ground-floor bedrooms or a self-contained suite. These luxurious homes range from about 3,200 to 4,200 sq. ft., giving everyone plenty of space to live comfortably. Features such as separate ensuites, ample storage, walk-in closets, balconies and spacious kitchens create an ideal environment for families. Plus, some spaces can be used to generate rental income if desired.

Angus Glen South Village offers stunning architecture and elegant design, paired with superior craftsmanship. Kylemore’s attention to detail and use of

premium materials result in homes of exceptional quality and lasting value. The Angus Glen South Village community includes three-storey townhomes, gracious detached homes on approximately 30-ft. lots, and many different lot sizes up to an approximately 70-ft. lot size with layouts reaching 6,000 sq. ft. with five bedrooms, three-car garages and more. Prices start from the mid$2 millions.

Buyers are drawn to Angus Glen South Village for its luxury features, including smooth finish 10-ft. ceilings on the main floor, nineft. ceilings on the second floor, ceiling moulding, deluxe cabinetry with quartz or granite countertops, engineered hardwood flooring,

oak staircases, and spa-like primary ensuites. Each home also comes with a complimentary three-year family membership to Angus Glen Golf Club.

Located minutes from historic Main Street, Unionville, Angus Glen South Village places residents in the centre of today’s most desirable amenities. An array of boutiques, dining options, services and free events are found here, while Markham’s Flato Theatre, schools, CF

Markville and Pacific Mall shopping centre, and transportation options both public and Hwys. 404 and 407 are all nearby.

The master plan for Angus Glen South Village includes pedestrianfriendly streets, parks and greenspace, ravines and trails leading into the beautiful Rouge River Valley.

Since 1997, Kylemore has established a reputation for being an industry innovator, developer

of award-winning master-planned communities and builder of superior, luxurious new homes.

Now offering savings up to $200,000 on select lots. To learn more about Angus Glen South Village, where construction on the first phase of homes is underway, visit kylemoreliving.com. The sales office is located at 4500 Major Mackenzie Dr. E., Markham, 905.887.9950.

ILLUSTRATIONS ARE ARTISTS’ CONCEPT.

COTTAGE OWNER? HERE’S SOME DIRTY BUSINESS YOU NEED TO KNOW ABOUT

JAYSON SCHWARZ, LLM

So, there you are, sitting and rocking in the hot sun, and the breeze brings you the smells of summer. How wonderful. Wait… what is that smell? Oh, leakage… you have to pump the tank.

Cottage residences are typically not hooked up to municipal sewage systems. In these instances, a septic tank is required to capture and store wastewater. Let’s explore some of the considerations inherent in the ownership and maintenance of septic systems.

When you first purchase your cottage property, your lawyer will typically have arranged for an inspection to ensure the septic system was properly functioning as at the date of closing. Like any other mechanical system, however, it can degrade over time if not properly maintained.

It is important that cottage owners have good knowledge about their septic systems; particularly those who own – or are looking to purchase – waterfront residences. If your system leaks in any way, it could allow dangerous pollutants to enter into the lake. As such, faulty septic systems can be very dangerous, as improperly treated wastewater can compromise not only your health but the environment as well.

Proper and diligent maintenance of your septic system is not only prudent from a health and environmental perspective, it is also legally mandated; Part 8 of the Ontario Building Code provides the

regulatory framework for septic systems in this province. The draw of cottage country is the pristine natural beauty it offers. Weighing in largely on this front are the lakes cottagers swim in, boat on and fish in. Remember, we often bathe in, wash in and brush our teeth with the water from the lake. Waterfront cottage owners must appreciate the legal consequences inherent in any negligent contamination of the water body they live beside.

An out-of-sight, out-of-mind approach to your septic system exposes you to hefty government fines if it is deemed to be emitting effluent into the environment. You also expose yourself to possible civil suits by any neighbouring cottagers whose use and enjoyment of their own properties is compromised by your faulty septic system.

For those of you wishing to construct, alter, enlarge or repair

your cottage’s septic system, note that the Building Code mandates the acquisition of a permit before any work is commenced.

Cottage properties are scenic and beautiful escapes from the hustleand-bustle of the concrete jungle. Their value is in the nature that surrounds them; we must all do our part to maintain the environment around them in as clean and pristine a manner as possible. Proper maintenance of septic systems is mandatory in this respect.

Schwarz LLM is the founding senior partner of Schwarz Law Partners LLP. schwarzlaw.ca.

Jayson

It doesn’t matter where you live in Toronto or the GTA. It doesn’t matter how big or how small your home is. It doesn’t matter if your style is modern chic or rustic wonder. The Fall Home Show is for you! Shop over 250 home and lifestyle vendors, plan your next renovation, get free interior design advice, and more!

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

HOW TO

MIX PATTERNS AND COLOURS

LIKE A PRO FABRIC LOVE

by LINDA MAZUR

With each new season comes the traditional release of all new and wonderful fabrics bursting with vibrant colours, patterns and textures. As a designer, I look forward to the start of a new project. I enjoy pouring over fabric books gathering ideas and direction and have been known to design an entire space just from the inspiration of one fabric.

Fabric is tactile, and the feel of lush soft velvets, the beauty of some richly woven silks and the simplicity and texture of coarsely woven linen accompanied by rich, saturated colours is enough to inspire anyone to decorate. The question, however, is with all of these fabrics and patterns to select from how do you know what works together to achieve that “designer look” in your home.

PHOTOS BY JF FABRICS

Blending all different fabrics together is not as difficult as you may think, but there are a few key points to remember. To successfully mix fabric patterns like a pro a good place to start would be with something simple like blending a minimum of three fabric patterns. The first pattern selection should be your most impactful one therefore, choose carefully and select a pattern you love that is larger scale.

The second pattern should be completely different, probably about half the scale of the first one and have some of the same colours incorporated throughout.

For the third selection, it can be smaller scale and similar in pattern to either of the first two, with at least two to three of the colours found in the other patterns. So, for example, if you have selected a large-scale

floral as your first pattern, the second could perhaps be a bold stripe or a geometric fretwork pattern, and then blend in another small-scale alternate geometric.

Consider adding another pattern or two, or three, if you wish; maybe a small check, a dot pattern is always favourable, or perhaps repeat with another stripe or floral. If you’re more adventurous, consider throwing an animal print into the mix for a bit of fun.

Balancing textures and fabric weight is also important to achieve a well-blended mix of fabrics, as is maintaining the same depth or magnitude of colour. By that, I mean if you’re working with primary colours, then try not to incorporate fabrics that are pastels, as you will inevitably create an imbalance.

When combining and layering patterns, it is important to balance the patterns throughout your space, the last thing you’ll want to do is create a situation where the heavier weight of patterns and colours are all at one end of the room. They should be well proportioned

with solids and any other visible patterns in your room, such as area rugs, wall coverings, fireplace surrounds to provide equilibrium and an aesthetically pleasing look. In addition, it’s important when pairing up your choices to consider the “feel” of the fabrics you’re selecting – for example, whether they are formal or more casual – and then maintain consistency.

Pattern blending can be fun, and these fabrics can create a bold statement in your home. Mixing fabrics like a pro is all about balance, layering and blending. When it’s done well, contrasting but complementary patterns and textures can elevate your space beyond the typical to a fresh, innovative and welcoming home. Toiles, stripes, florals, ikats and check are just some of the many different patterns we see, blend them with rich velvets, textural boucle, linens or silks to give your home that designer touch.

Just remember to keep a common element, and work with your scales and colours to see your home come alive.

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

DESIGN TRENDS 5

by LISA ROGERS

As we step into fall each year, there is often a desire to modify our living spaces somewhat from a bright, summery feel to a more muted environment. Themes of comfort and colour are big this fall season, as are warm neutrals and calm spaces. Here are some of my favourite interior design trends for fall.

Warm neutrals

I love a good neutral, and it feels like the perfect tenor for the fall season ahead. Terracotta is a big colour favourite this year, and it informs an entire fall spectrum of warm, earthy tones that really bring home the concept of staying

OASIS

in and staying cosy. Consider adding burnt orange, grey and sand tones in fabrics, soft furnishings and accessories, along with ultra-soft fabrics and natural textures. It’s a more relaxed feel to the home, yet can still be chic. Look out for Sherpa wool, boucle or flannel in a throw, on pillows, or blankets.

Bring the outside in

This isn’t the first time I’ve suggested this, but it’s a trend that is truly timeless. Even though the fall and winter months keep us inside for longer, we can still create a beautiful indoor-outdoor connection in our

condos oftentimes with very little effort. Whether you opt to enhance your rooms with more indoor-friendly plants (you can even go faux with dried flowers, which are very popular) or switching to natural fibres in your furnishings (such as wicker, wood or rattan), what’s important to remember is that it’s more about bringing some of your favourite outdoor elements inside through whichever way you choose with textures, wallpapers, patterns or furnishings that are inspired by Mother Earth.

Create a cosy reading corner

Our weekdays are busy and it becomes important to take some calming time to decompress. Find a quiet spot in your condo and place a comfortable armchair, soft-light lamp and a side table to create your reading nook. I promise you, it will become your new favourite hideaway. Curl up with a great novel or interior design magazine, a cup of tea and spend an hour or two reading. That’s what makes this season wonderful –the opportunity to shut down and take a moment for ourselves.

Add vintage decor

Vintage, bespoke homewares is big for fall 2024, likely inspired by our desire to make our spaces more personal and a sense of calm. Antique furniture, special housewares we have that were handed down to us from family members, or old picture frames we have in storage – all of these items have a story behind them, and a memory. To me, that’s very comforting, and I gravitate towards accenting my space with such mementos because the connection feels real. In times of uncertainty, we want to find comfort in the things we know.

Your home should be a sanctuary

Our condo homes should be our sanctuary away from the madness of the world. This will be a big focus for fall design this year. Whether you transform your bathroom into a spa, with soft calming music, outfit a window seat with cosy pillows and a warm throw, or simply fill your home with candles, home fragrances and fall foliage, there are many ways you can make your home your own oasis.

Lisa Rogers is Executive Vice-President of Design for Dunpar Homes (dunparhomes.com). Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and as a regular guest expert for fashion and image, health and wellness and design on CityTV’s Cityline. Follow Lisa’s blog at craftedbylisa.ca

LIVING etc.

by SARA DUCK

The latest design and decor inspiration for your home

Want to start a plant family but don’t know how? Plantd Life offers personalized plant design and installation services for homes and businesses. Owner Tara Soloway and her team take a holistic approach, and consider natural light, aesthetics and the overall vision for a space. They hand-select plants and planters from local growers to minimize environmental impact, provide potting and installations and offer a full plant-care guide. No time to take care of your plants? Plantd Life offers maintenance services, including watering, pruning, cleaning, fertilizing, pest management and seasonal packages. The company can also bring its green expertise to cottages, ensuring your retreat feels as lush inside as out. plantdlife.com

BEDROOM ESSENTIALS

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Choosing organic items for your bedroom is a game-changer. They’re free from harmful chemicals, meaning better air quality and fewer allergens. Plus, they’re made with eco-friendly practices, so it’s good for the planet.

1. Kakun organic latex PILLOW. From $139. resthousesleep.com

2. Pale Tiffany. Ecosource zero-VOC interior PAINT by Sico. $53. rona.ca

3. Organic cotton terry ROBE. $175. aulitfinelinens.com

4. Sustainably sourced rattan BED FRAME. From $2,000. silkandsnow.com

5. Organic cotton sateen SHEETS in sandbanks. From $115. endy.com

CLEAN SLEEP Organic

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Get ready to experience unparalleled comfort with the Grateful Eight organic latex mattress from Essentia. This isn’t just any mattress – it has three layers of organic latex, creating a luxurious, medium-support feel with the perfect bounce. Allergy sufferers, rejoice! This allergenfree mattress, tested at Johns Hopkins, is resistant to dust mites and free of allergy-triggering proteins. The Grateful Eight delivers exceptional pressure relief and support without any dust-mite-friendly layers. Essentia guarantees top-notch craftsmanship, and every mattress is handmade in the company’s certified organic factory. Grateful Eight organic mattress by Essentia. From $1,700. myessentia.ca

SLICE + DICE

Say hello to your new kitchen BFF, the Paradice 9 from Breville – the ultimate compact food processor for urban dwellers and foodies alike. Perfect for any kitchen, this sleek powerhouse features nine versatile functions, including slicing, shredding, kneading and chopping with precision. With its powerful induction motor, onboard storage caddy, and colour-coded accessories, the Paradice 9 makes meal prep a breeze. Backed by 40 years of innovation and a 30-year warranty, it’s built to last and look stylish on your countertop. $520. breville.com

Le Creuset Canada introduces Camomille, a new colour inspired by the tranquil chamomile wildflower. This buttery hue blends rustic charm with modern elegance, perfect for adding a serene touch to your kitchen. Whether enhancing a minimalist space or elevating a tablescape, Camomille’s muted elegance brings warmth and vibrancy to any setting. lecreuset.ca

BBQ boss

THE HOTTEST TOOLS TO KEEP YOU GRILLING INTO THE FALL

1. Ndwono Ne Ya dark acacia wood SALT MILL by Eric Adjepong. $55. crateandbarrel.ca

2. Ironwood XL wood-fired GRILL. $2,900. traeger.com

3. Grand grill daddy steam cleaning GRILL BRUSH. $145. williams-sonoma.ca

4. MEATER PLUS. $150. meater.com

5. Walnut GRILL TOOL SET. $87. williams-sonoma.ca

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Western vibes are having a major moment in the design scene, blending rugged charm with a sleek, modern twist. Think distressed wood, buttery leather sofas and cosy, statement-making textiles such as Pendleton wools or handcrafted Navajo prints. This style is a nod to the wild, untamed spirit of the American west but polished up for today’s chill, design-savvy spaces.

1. Plymouth ceramic table LAMP. From $374. potterybarn.ca

2. Southwestern-style kilim wool area RUG. $1,245. bedbathandbeyond.ca

3. Bold centre-mixed striped PILLOW COVER in dark olive. $74. westelm.ca

4. Yakima Camp striped wool-blend throw BLANKET by Pendleton. $190. jcrew.com

5. Wilder leather CHAIR in burnt sienna. $1,919. westelm.ca

ROOFING ‘BY DESIGN’ Wild west

Building Products of Canada Corp. (BP Canada) is taking the back-to-nature home decor trend to new heights with an innovative signature line of nature-inspired, multitoned shingles. The shingles feature timeless colours from BP Canada’s Chroma Colour Lab and allow for unique blends and patterns. With top performance and maximum protection, the shingles modernize traditional roofing. Available in shades inspired by food, travel and nature, as well as regional preferences such as mesquite and Soho in the east and rye and Jasper in the west. Available at rona.ca

Re-fresh!

Rust-Oleum, Canada’s HOME Transformations

DIY coating system, lets you upgrade cabinets, countertops and flooring without the hefty renovation costs. Perfect if you are a homeowner or a renter who is feeling the financial pinch, these kits provide everything you need to give your space a fresh, durable new look. The kit is available in 34 colours with matte and semi-gloss finishes, and is suitable for interior tile, vinyl and wood floors. $140. rona.ca

A guide to dreamy countertops

ROCK SOLID

by BILHA KANGETHE

When it comes to the design and functionality of two of the most-used rooms in your home – the kitchen and the bathroom – few elements play a more pivotal role than the countertop. Although primarily used as a functional surface, the right countertop is also a statement piece that sets the tone for your space. While selecting the right countertop may seem daunting – it doesn’t have to be. Follow along as we explore the various countertop options available, work through key considerations, and analyze price points, so you can make an informed and inspired decision.

Natural stone

A natural stone countertop is a favourite choice for its timeless charm and durability. This material, quarried from the earth, is cut into slabs and polished to perfection, offering a unique, one-of-a-kind appearance. Popular natural stone options are:

• MARBLE: Known for its classic beauty and sophisticated veining

• GRANITE: Praised for its durability and variety of colours

• QUARTZITE: Offers the elegance of marble with the toughness of granite

• SOAPSTONE: Loved for its smooth texture and heat resistance

• SLATE: A versatile and sturdy option, often found in darker hues Natural stone requires regular maintenance, such as sealing and careful cleaning, however, the

investment is well worth it for the beauty and value it adds to your home.

Manufactured stone

For the look of natural stone with added benefits and a lower price point, a manufactured countertop is an excellent alternative. This surface is engineered to be more uniform in appearance and offers increased durability. It also is available in a wide range of colours and patterns. Popular options include:

• QUARTZ: Engineered from natural quartz and resins, these countertops are non-porous and low maintenance

• PORCELAIN: Known for its durability and resistance to scratches and heat

• LIMESTONE: Offers a softer, more rustic look, but requires regular sealing

• SINTERED STONE: A newer material that’s extremely durable and heatresistant

• SOLID SURFACE: Made from acrylic and polyester, these are seamless and easy to repair.

Eco-friendly countertops

In an era where sustainability is becoming increasingly important, the eco-friendly countertop is gaining popularity. This material is often constructed from recycled or renewable resources. If you’re looking to make an environmentally responsible choice, consider these options:

• BAMBOO: A renewable resource that offers a unique and natural look

• RECYCLED GLASS: Made from repurposed glass, a countertop constructed from this material is stylish and eco-conscious

• RECLAIMED WOOD: Adds warmth and character with a rustic charm

• PAPER COMPOSITE: Made from recycled paper and resin, this surface is surprisingly durable and sustainable

Key considerations

Selecting the perfect countertop involves balancing several factors to ensure it fits your needs, style and budget. Here’s what to keep in mind:

• PURPOSE AND USAGE: Kitchens require a durable, heat-resistant surface such as granite or quartz. Bathrooms should prioritize moisture resistance and aesthetic appeal, making marble a good choice.

• DURABILITY AND MAINTENANCE: For high-traffic areas, choose a material that resists stains and scratches, such as quartz or a solid surface. Consider the maintenance required; natural stone needs regular sealing, while a manufactured option is generally low maintenance.

• AESTHETIC PREFERENCES: Think about the overall look and feel of your space. Natural stone offers unique patterns, while something manufactured provides consistent colours. Choose between different finishes – polished for a glossy look, honed for a matte look.

• BUDGET: The cost of a countertop varies widely. Laminate and solid surfaces are more affordable, while a natural stone and an eco-friendly option can be pricier. Don’t forget to factor in installation costs, which can be higher for heavier materials such as granite and quartz.

• ENVIRONMENTAL IMPACT: If sustainability is important to you,

look for a countertop made from recycled or renewable materials. Certifications can help ensure the product meets environmental standards.

• LONGEVITY AND WARRANTY: Choose a material known for its long lifespan, especially in high-use areas. A good warranty from the manufacturer or installer is a sign of quality and expected durability.

• CUSTOMIZATION AND AVAILABILITY: Some materials, such as concrete or a solid surface, offer greater customization in shape, colour, and edge profiles. Ensure the material is readily available in your area to avoid delays.

• LIFESTYLE AND PERSONAL PREFERENCES: For the kitchen, consider your cooking habits; surfaces that can withstand high temperatures and frequent cleaning are ideal for avid chefs. For families with young children, durable and easy-to-clean countertops are a practical choice for the kitchen and the bathroom.

Price points

Understanding the cost implications is crucial for budgeting. Here are

and economical. thelifestyleloft.com

some average price ranges for popular countertop materials:

• GRANITE: $40 to $100 sq. ft.

• QUARTZ: $50 to $150 sq. ft.

• MARBLE: $60 to $200 sq. ft.

• SOLID SURFACE: $35 to $100 sq. ft.

• QUARTZITE: $70 to $200 sq. ft.

• PORCELAIN: $60 to $100 sq. ft.

Satisfying results

Choosing the right countertop for your kitchen or bathroom is all about balancing functionality and aesthetics. By blending durability, maintenance, looks and budget with environmental impacts, you will end up with beautiful countertops that truly reflect your needs and lifestyle, while elevating the look of your home.

Photo: Alona Gross

Photo: Alona Gross

Photo: Elle-Amie Inc., Interior designer : Funmi Ade-Ojo

FIND YOUR NEXT HOME

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

AURORA

1. Queen’s Grove Collection

Yonge St. & Bloomington Rd. northstarhomes.com

2. Allegro 36 Klees Cres. geranium.com BRAMPTON

3. Bodhi Towns Fogal Road & Nexus Ave. countrywide.ca

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

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

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

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

8. Brant West 501 Shellard Lane losanihomes.com

CALEDON

9. Palgrave Estates

Mount Pleasant Rd. & Hunsden Rd. flatogroup.com

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

11. Highlands Caledon East

22 McKee Drive, Caledon dunsire.com

CLAIREMONT

12. Cresthaven Estates Brock Rd & Central Street

COURTICE

13. Courtice Glen Bloor & Trulls Rd. mytribute.ca

ETOBICOKE

14. The 900 Condo Signature Residences 900 The East Mall 9hundredcondo.ca

KING CITY

15. Triple Crown Estates Dufferin Street & 15th Sideroad remingtonhomes.ca

KLEINBURG

16. Kleinburg Hills Appleyard Ave countrywidehomes.ca

MARKHAM/ UNIONVILLE

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

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

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

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

21. Kennedy Manors 4500 Major Mackenzie Dr East. kylemorecommunities.com OSHAWA

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

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

PICKERING

24. Seaton 1075 Taunton Rd. fieldgatehomes.com

RICHMOND HILL

25. Jefferson Reserve 363 Jefferson Side Road countrywide.ca

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

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

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

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

Grangeway

fieldgateurban.com

TORONTO

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

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

THORNHILL

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

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

35. Wellings of Whitby 372 Taunton Road E wellingsofwhitby.com

WOODBRIDGE

36. Sora Vista Pine Valley & Teston Rd soravista.ca

37. Woodend Place Major MacKenzie & Pine Valley Dr. woodendtowns.ca BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS

TO

BURLINGTON/ WATERDOWN

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

2. Tyandaga Heights Burlington nationalhomes.com

CAMBRIDGE

3. Modal at Main 840 Main St, Cambridge modalatmain.ca

4. Moffat Creek Dundas St. S & Main Street terra-view.com

EMBRO

5. The Village Farm 519-807-1757

GEORGETOWN

6. Juniper Gate 10130 10 Line, Norval remingtonhomes.com

GRIMSBY

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

GUELPH

8. Argyle Village Lowes Rd E & Gordon Street argylevillage.ca

9. Northside Guelph Woolrich St & 7 granitehomes.ca 10. Nima 2 Nicholas Way terra-view.com

11. Heart Village 67 Lovett Lane terra-view.com

HAMILTONWENTWORTH

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

13. Highland Park & Central Park: Midtown & Soho Upper Red Hill Valley Pkwy & Rymal Rd. losanihomes.com

KITCHENER/ WATERLOO

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

15. Lackner Ridge Lackner Blvd & Ottawa St N lacknerridgetowns.ca

MILTON

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

17. Thompson Towers Thompson Rd. S & Drew Centre thompsontowers.ca

MISSISSAUGA

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

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

NIAGARA REGION

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

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

22. Harbourtown Village Fort Erie silvergatehomes.com

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

24. Joy Towns Niagra branthaven.com

25. Bench Mark Ontario St. & Drake Losanihomes.com OAKVILLE

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

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

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

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

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

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

PARIS

32. Riverbank Estates Nirh River losanihomes.com

ST. CATHARINES

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

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

35. Merritton Mills St. Catharines silvergatehomes.com

36. Benchmark at Vista Ridge 4008 Mountain St., Beamsville losanihomes.com

ST. THOMAS

37. Harvest Run Centennial Parkway & Elm Street dougtarryhomes.com

STRATFORD

38. Poet & Perth Quinlan Rd & O’Loane Ave, Stratford. poetperth.ca

STONEY CREEK

39. Maplewood Park Upper Creswood maplewoodstoneycreek.com

40. Sweetberry Barton & Glover sweetberrytowns.ca

WELLAND

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

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

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

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

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

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

WEST REGION

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

48. Brant West 562 Shellard Ln losanihomes.com

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

50. Soleil St. Clair Corunna sifton.com

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

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

53. Cottonwood Dingle St. sifton.com

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

55. Discoverie Condos 7 Central Ave Fort Erie DiscoverieCondos.ca

BARRIE

1. FOUR10 Yonge 410 Yonge Street masonhomes.ca

2. Midhurst Valley 1296 Carson Rd. geranium.com

3. Heartland Hwy 89 & Yonge St., Baxter brookfieldhomes.ca

4. Midhurst Hwy 26 & Bayfield Rd. Brookfieldhomes.ca

BEETON

5. GreenRidge & Beeton

Village 41 Main St. W. flatogroup.com

CAMBELLFORD

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

COLLINGWOOD

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

8. Collingwood Maple & Sixth Street georgianinternational.ca

9. Reverie 391 First St, Collingwood reverietowns.com

COURTICE

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

DUNDALK

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

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

HORSESHOE VALLEY

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

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

LINDSAY

15. Grace & Grand flatogroup.com

NEWCASTLE

16. Belmont treasurehill.com

OWEN SOUND

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

PETERBOROUGH

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

PORT HOPE/ COBOURG

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

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

21. Meadow Heights 82 Hillcrest Road, Port Colborne dunsire.com

SHELBURNE

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

DEDICATED TO EXCELLENCE

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

NEW-HOME BUYERS

NEED FEDERAL HST REBATE PROGRAM THAT ACTUALLY DELIVERS

Housing affordability is a major concern for residents in the Greater Toronto Area (GTA), with more than 90 per cent of people agreeing there is a housing affordability issue in the GTA, according to a public opinion survey conducted by Ipsos (on behalf of BILD).

In the midst of these affordability issues, one of the established methods to provide some relief for new-home buyers is the federal GST/ HST New Housing Rebate – but it has become painfully clear that the program is out-of-date. If the federal government is serious about tackling the housing affordability crisis, then updating the rebate program is an easy way to have a material impact on affordability for new-home buyers.

Currently, the cumulative tax and fee burden on new homes from all levels of government accounts for

25 per cent of the cost of an average home in the GTA. Of this 25 per cent, a significant part is from HST – but, in theory, the federal part of this tax burden is meant to be partially offset by the federal HST rebate program. However, due to average home costs exceeding the thresholds for eligibility (which were set over three decades ago), the vast majority of homebuyers today see no rebate at all.

Under the program requirements set in 1991, only homes priced below $350,000 receive the full rebate. Homes between $350,000 and $450,000 get a reduced rebate and anything above $450,000 gets nothing. With average GTA home prices surpassing these prices in the early 2010s – and now averaging more than $1 million for singledetached homes – essentially no one has qualified for any part of the rebate for nearly a decade.

When the GST was introduced in 1991, the federal government committed to adjusting these pricing thresholds every two years to keep pace with market changes and to

ensure housing affordability was not negatively impacted. Fast forward to today and those promises of regular adjustments remain unfulfilled. Over the last three decades, not a single adjustment has been made despite housing prices increasing 270 per cent between 1990 and 2023. Meanwhile, the net federal HST payments on an average new home has increased from $8,832 to $51,152 in this same period – a 479-per-cent increase.

This outdated rebate program has generated billions in extra revenue for the federal coffers while doing practically nothing to help struggling homebuyers. In Ontario alone, it is estimated that unindexed rebate thresholds on single-detached units have handed Ottawa nearly $4 billion in additional HST revenues, with the majority of this amount ($2.75 billion) occurring over the past decade.

Updating the federal GST/HST New Housing Rebate is a quick and easy way to help new homebuyers from coast to coast. It is time that the federal government lives up to its commitment to review and adjust these thresholds, indexing prices to reflect the current housing market realities.

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

DAVE WILKES

T HE V IL LA GE F AR M HAS TO OFF ER!

• A world-renowned building standard: Passive House-certified townhomes offer unparalleled energy efficiency, quality construction and comfort

• Three bedrooms and three full baths in more than 2,250 square feet

• Complete main-floor living with loft

• Tilt-and-turn European windows, custom cabinetry, prestige standing-seam steel roof and other luxury finishes

• Surrounded by rich organic farmland, small-town charm and natural beauty

• Pickleball, golf, trails and conservation areas just minutes away

• Prime southwestern Ontario location: 10 minutes to the 401 and 20 minutes to Stratford

• So much more to come in Phase II — launching in spring 2025

Only three quick closings available! Book your private appointment today.

Nick Pope

Sales Representative

REVEL Realty Inc., Brokerage nickpope@revelrealty.ca

m 519-807-1757 | o 519-206-9555