GTA Condo Life - September 10, 2022 by NextHome

INSIDE : 7 SPACE-SAVING DESIGN HACKS Sept. 10–Oct. 8, 2022 Greater Toronto Area Greater Toronto’s COMPLETE CONDO GUIDE WHERE IS THE NEXT HOT SPOT FOR HOUSING IN THE GTA?

Brokers are protected. Davie Real Estate Inc. Brokerage. Prices and speciﬁcations are subject to change without notice. Rendering is Artist’s Concept. E. & O. E. SOLMAR .CA OR SCAN QR CODE OUTDOOR CELEBRATION AREA Introducing Brampton’s newest luxury residential condominiums with elegant suite designs, sophisticated lifestyle amenities and upscale ﬁnishes. Live connected to everything in the heart of downtown Brampton with GO train and transit right around the corner. STEPS TO GO, VIA RAIL, RAPID TRANSIT, ALL MAJOR HIGHWAYS AND BRAMPTON’S WORLD-CLASS INNOVATION DISTRICT 1 bedroom, 1 bedroom plus den, 2 bedroom & 3 bedroom designs starting from the COMING$500’sSOON • REGISTER NOW LUXURY REACHES A NEW HEIGHT

SEPT. 10–OCT. 8, 2022 CONTENTS 22 A STUNNING ARCHITECTURAL STATEMENT AS PART OF THE NEW MASTER-PLANNED LAKEVIEW COMMUNITY IN MISSISSAUGA HARBOURWALK BY TRIDEL COVER STORY 6 condolife magazine | Sept. 10–Oct. 8, 2022

5030 30 The Design District Meet Hamilton’s new downtown landmark by Emblem 32 Gallery Towers Remington’s jewel in downtown Markham 34 The Residences at Central Park A communitynature-inspiredbyAmexon Propertyprofile DEPARTMENTS 8 Editor’s Note Housing a perennial election issue 10 Contributors 12 Condo Life Online 14 In The Spotlight New condo sales strong in July; more news on pages 15, 16, 17, 18 and 19 20 Inside The GTA 40 Neighbourhood Watch Hamilton – city of the future 58 Maps & Amenity Charts 65 Advertisers Index Want more information? Just ask — and you could win a prize COLUMNS 25 Stat Chat Where is the new hot spot for housing in the GTA? 26 Sponsored Content Understanding proptech 27 Marketing Edge Marketing to the digital world 28 Realty Insider An open discussion on closing costs 29 Western View What is the big picture for Hamilton? 36 Home Realty What a difference a decade makes in new home real estate 37 Real Insight Three things happening in the GTA’s rental market 38 Legally Speaking Three critical factors to commercial real estate lending 39 Real Estate Pro Take media reports on real estate with a grain of salt 42 Personal Finance What are the variable rate trigger points and how will they impact the housing market? 66 Industry Report Providing future residents with different housing choices is good planning INTERIORS 43 Cover 44 Decor Pattern play 46 Big Style 7 space-saving design hacks 48 Inspiring Interiors Pink power 50 Inspiring Interiors Small wonder 52 Inspiring Design Five-star bathroom nexthome.ca 7

On Oct. 24, voters in Ontario will go to the polls to elect mayors, councillors and other officials in the province’s municipalities. And this, on the heels of the June 2 provincial election, and around the one-year anniversary of the Sept. 20, 2021 federal election.

While Tory may be seeking re-election in Canada’s largest city – and the country’s largest and most high-profile real estate market – he is not the only prospective municipal leader who will have to tackle this issue.

ELECTION ISSUE

EDITOR’S NOTE

Several other municipalities in the Greater Toronto and Hamilton Area and elsewhere in the province are dealing with this matter, at levels just as serious as Toronto’s. Some of these potential city leaders – and even incumbents – are perceived almost as anti-development. Indeed, it will be interesting to watch some of these mayoral races unfold, knowing the pressures the municipalities face, and hearing how these officials plan to deal with Whetherthem.you’re in Toronto, Hamilton, Vaughan, Brampton, Barrie, Oshawa or any of Ontario’s more than 400 municipalities, make it a point of learning about your candidates’ plan for housing. It’s a subject that will affect you, and a topic that will surely be a perennial election issue.

HOUSING A PERENNIAL + get social Interact with us on social media: nexthome WAYNE KARL EDITOR-IN-CHIEF Condo Life Magazine EMAIL: wayne.karl@nexthome.ca TWITTER: @WayneKarl 8 condolife magazine | Sept. 10–Oct. 8, 2022

We’re already into mid-September, the kids are back in school and cooler weather is on its way. And something else you’re going to be hearing more and more about – the upcoming municipal elections.

One common theme throughout all of these democratic processes – housing as an election issue. Indeed, as several pieces of content in this issue discuss, and just like it was at the national and provincial levels, housing supply and affordability will be a top platform item.

Indeed, Toronto Mayor John Tory has announced his 2022 re-election plan to get more homes built in the city, and address the affordability issue.

“We’ve made strong progress over the past eight years to get housing built in Toronto, but to tackle increased affordability challenges brought on by a national housing shortage we need to build more homes, faster,” says Tory. “I’m proud to announce a five-point plan that builds on this progress by looking critically at where we can streamline and modernize processes at City Hall, and how we incentivize our homebuilding partners to increase our housing supply and drive affordability.”

Says Jason Mercer, chief market analyst at the Toronto Regional Real Estate Board, “The ability to bring on more supply is the longer-term challenge. However, we are moving in the right direction on this front. The strong mayor proposal from the province, coupled with the recent commitment from Toronto Mayor John Tory to expand ownership and rental housing options, are examples of this.”

DIRECTOR OF SALES, ONTARIO, NEXTHOME Natalie 416.881.4288,Chin natalie.chin@nexthome.ca SENIOR MEDIA CONSULTANTS Amanda 416.830.2911,Bell amanda.bell@nexthome.ca

WESTERN VIEW |

CHIEF REVENUE OFFICER Jacky jacky.hill@nexthome.caHill

STAT CHAT | BEN MYERS

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

LISA ROGERS

10 condolife magazine | Sept. 10–Oct. 8, 2022

Editorial Submissions from interested parties will be considered. Please submit to the editor at editorial@nexthome.ca.

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.

Published nexthome.caby

BILD REPORT |

Jeremy Gladstone is the co-founder and Creative Director of Gladstone Media, a full-service creative agency in Toronto. gladstonemedia.ca.

DIRECTOR OF PRINT MEDIA Lauren Reid–Sachs VICE-PRESIDENT, PRODUCTION – GTA Lisa Kelly PRODUCTION MANAGER – GTA Yvonne Poon GRAPHIC DESIGNER & ASSISTANT MANAGER Alicesa Pullan GRAPHIC DESIGNER & PRE-PRESS COORDINATOR Hannah Yarkony GRAPHIC DESIGNERS Johannah Lorenzo, Jean Fay Rodriguez, Mike AdvertisingTerentiev

EXECUTIVE MEDIA CONSULTANT Michael Rosset

VICE-PRESIDENT, MARKETING – GTA Leanne Speers SENIOR CLIENT RELATIONS SPECIALIST – GTA Sonia Presotto MANAGER CUSTOMER SALES/SERVICE Marilyn Watling SALES & MARKETING CO-ORDINATORS Gary Chilvers, Vi Nguyen HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA Josh Rosset DISTRIBUTION distributionteam@nexthome.ca ACCOUNTING INQUIRIES accountingteam@nexthome.ca

SENIOR VICE-PRESIDENT, SALES, NEXTHOME Hope 416.708.7987,McLarnonhope.mclarnon@nexthome.ca

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

Official r

PERSONAL FINANCE | JESSE ABRAMS

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

HOME REALTY | DEBBIE COSIC

Ben Myers is President of Bullpen Consulting. Ben provides pricing recommendation, product mix, and valuation studies on new residential housing developments for builders, lenders and property owners. bullpenconsulting.ca

BIG STYLE |

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

CONTRIBUTORS

CONTRIBUTORS Jesse Abrams, Mike Collins-Williams, Debbie Cosic, Sara Duck, Louis Duncan-He, Jeremy Gladstone, Michael Klassen, Barbara Lawlor, Linda Mazur, Ben Myers, Lisa Rogers, Jayson Schwarz, Dave Wilkes

MIKE COLLINS-WILLIAMS

DECOR |

EDITOR-IN-CHIEF – GREATER TORONTO AREA Wayne wayne.karl@nexthome.caKarl MANAGING EDITOR Rise rise.levy@nexthome.caLevy

Michael Klassen is the Broker of Record, Eleven Eleven Real Estate Services. Based in Toronto, this firm is a residential pre-construction listing brokerage. 1111realty.ca

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

LINDA MAZUR

LEGALLY SPEAKING | JAYSON SCHWARZ

Call 1.866.532.2588 ext. 1 for rates and information. Fax: 1.888.861.5038 Circulation Highly targeted, free distribution network aimed at real estate buyers using street level boxes, racking and Toronto Star in-home delivery. Canadian subscriptions 1 year = 13 issues – $70 (inc. HST). Canada Post – Canadian Publications Mail Sales Product Agreement 40065416. Copyright 2022 All rights reserved. All copyright and other intellectual property rights in the contents hereof are the property of NextHome, and not that of the individual client. The customer has purchased the right of reproduction in NextHome and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of NextHome.

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

EDITOR-IN-CHIEF – NATIONAL REAL ESTATE Susan susan.legge@nexthome.caLegge

DAVE WILKES

JEREMY GLADSTONE

REAL ESTATE PRO | BARBARA LAWLOR

Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time.

REALTY INSIDER | MICHAEL KLASSEN

Media Partners:

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

nexthome.ca myhomepage.ca Nov. 7, 2020–Feb. 27, 2021 travel & leisure | home & garden | technology & finance beauty & wellness THE RIGHT MORTGAGE AND A LOW RATE EXCLUSIVE MAP GUIDES TO 300+ ONTARIO ADULT LIFESTYLE COMMUNITIES THE BEST COLLECTION OF NEW 4 SEASON HOMES in the Georgian Bay area SHERWOOD HOMES 120520_CondoLife_GTACentral_Edit_49.indd 68 2020-11-27 2:30 PM nexthome.ca | myhomepage.ca INSIDE: HOMEBUYER INTENTIONS STILL STRONG: SURVEY Dec. 5, 2020–Jan. 16, 2021 Greater Toronto Area Greater Toronto’s COMPLETE CONDO GUIDE WHERE MORTGAGE RATES ARE HEADED IN 2021 The Rose Hill Condos New Capital North Communities condo in Vaughan launching soon 120520_CondoLife_GTACentral_Edit_49.indd 2020-11-27 2:30 PM condolife myhomepage.canexthome.caDEC.5,2020–JAN.16,2021 120520_CondoLife_GTACentral_Cover_49.indd LIVING IN THOROLD! Fabulous WEST COMMUNITY NEW PHASE COMING SOON! DISCOVER SINGLE FAMILY HOMES AND SPACIOUS TOWNS! nexthome.ca | myhomepage.ca INSIDE: WHERE MORTGAGE RATES ARE HEADED IN 2021 HOMEBUYER INTENTIONS STILL STRONG: SURVEY Dec. 19, 2020–Jan. 30, 2021 Greater Toronto Area Toronto’s Finest NEW HOME GUIDE Subscribe to receive yourmagazinesouratfrontdoor! +CondoHOMES,LifeActiveLife Canada’s trusted authority for the latest new home and condo developments, industry news and expert homebuying advice. Receive every edition of your homebuyerfavouriteguides To get the latest real estate news, deals and offers, sign up to our e-newsletters! To get started nexthome.ca/corporate/subscribevisit:

NEW CONDOMINIUMS

12 condolife magazine | Sept. 10–Oct. 8, 2022

Tribute Communities introduces two new condo communities in east GTA Tribute Communities has been fostering a vibrant urban philosophy across the east for years. Read about the company’s latest in Oshawa, Ajax, Whitby and Pickering.

Award-winning

Homebuilding industry releases five-point plan to address housing crisis in Ontario As the Ontario legislature returned in August, the homebuilding industry offered some suggestions for the province to address housing crisis.

HOUSING POLICY

Catch up between issues at & enjoy these popular stories nexthome.ca

If you’re buying a condo today but not closing on that unit for a few years, how much stock should you put in lower resale price trends in the current housing market?

Building the west end brings jobs and economic development

HOMEBUILDING INDUSTRY

The homebuilding industry is one of the largest financial forces in Burlington and Hamilton, generating immense economic activity, thousands of highpaying jobs, and millions of dollars in tax revenue. or check us out on @condolifemag CondoLifeMagazine @condolifemagazine

ANALYSIS What do lower resale prices mean for new condo buyers?

Visit nexthome.ca COMMUNITY DEVELOPMENT Oshawa & Whitby maintaining affordability, growing in appeal As prospective homebuyers look outside the Toronto core in search of more affordable homes, more buyers are heading east to communities such as Oshawa and Whitby.

If your new home or condo was purchased within the past 12 months, tell us about your experience and you could WIN! HOUSEWARMING CONTEST! YOU COULD WIN A GIFT$100CARD! Did youguideshomebuyerourhelpfindhome? TOHOWENTER: nexthome.ca myhomepage.ca travel & leisure | home & garden | technology & finance beauty & wellness THE BEST COLLECTION OF NEW 4 SEASON HOMES in the Georgian Bay area nexthome.ca myhomepage.ca Dec. 5, 2020–Jan. 16, 2021 Greater Toronto’s COMPLETE CONDO GUIDE WHERE MORTGAGE RATES ARE HEADED IN 2021 condolife 202116,2020–JAN.5,DEC. condo in Vaughan launching soon LIVING IN THOROLD! Fabulous WEST COMMUNITY NEW PHASE COMING SOON! DISCOVER SINGLE FAMILY HOMES AND SPACIOUS TOWNS! nexthome.ca myhomepage.ca INSIDE: WHERE MORTGAGE RATES ARE HEADED IN 2021 HOMEBUYER INTENTIONS STILL STRONG:Toronto’sSURVEYFinest NEW HOME GUIDE Scan the QR or fornexthome.ca/corporate/contestsvisitfullcontestdetails&rules

To help municipal and provincial governments take steps toward this ambitious target, BILD and OHBA recently released a five-point plan for bringing balance to the housing market. In the lead-up to the municipal election on October 24, all residents of Ontario, especially those in the GTA, need to ask their candidates how they will champion concrete steps to address the housing challenge.”

“New condominium apartment sales posted a robust July, buoyed by buyer resiliency and stable prices,” says Edward Jegg, research manager at Altus Group. “In contrast, new single-family sales posted a record low in the face of slowing demand and a shortage of inventory.”

With very few new project openings, total new home remaining inventory decreased compared to the previous month, to 10,848 units, comprised of 9,311 condominium apartment units and 1,537 singlefamily lots, representing 3.4 months and 2.4 months of inventory respectively. A balanced market would have nine to 12 months of inventory.Thebenchmark price for new condominium units in July was $1.19 million, which was up 9.2 per cent over the last 12 months, while the benchmark price for new singlefamily homes was $1.93 million, an increase of 27.4 per cent.

14 condolife magazine | Sept. 10–Oct. 8, 2022

In the spotlIght NEW CONDO SALES STRONG IN JULY, INVENTORIES DECLINE July new home sales by municipality highrise lowrise total Region 202220212020202220212020202220212020 Durham 3484326323857297322604 halton 5321523199131062306541 peel 9160356829226193695829 toronto 1,444644 746 1 14 271,446658773 york 15515240221396517176548919 Gta 1,7771,6981,979978311,6871,8742,5293,666

Source: AltuS Group

The GTA new home market saw strong condominium unit sales and all-time low single-family home sales in July, with shrinking inventories and rising benchmark prices, the Building Industry and Land Development Association reports. Sales of new condominiums, including units in low-, mediumand highrise buildings, stacked townhouses and loft units, with 1,777 units sold, were up five per cent from July 2021 and three per cent above the 10-year average. Single-family homes, including detached, linked and semi-detached houses and townhouses (excluding stacked townhouses), accounted for 97 units sold, down 88 per cent from last July and 88 per cent below the 10-year average. It was the first time that monthly sales of new singlefamily homes dipped below 100 since Altus Group started tracking in 2000. “As BILD has said all along, the long-term demand for new homes is not going anywhere, despite short-term market trends,” says Dave Wilkes, BILD president and CEO. “We have a monumental challenge ahead of us: To build the 1.5 million new homes Ontario needs to address the housing crisis, which is centred on the GTA.

IN THE SPOTLIGHT

TRREB CALLS FOR CHANGES TO MORTGAGE REGULATIONS AS BORROWING COSTS IMPACT GTA RESALE MARKET

“There are other issues beyond borrowing costs impacting housing affordability in the Greater Golden Horseshoe,” says TRREB Chief Market Analyst Jason Mercer. “The ability to bring on more supply is the longer-term challenge. However, we are moving in the right direction on this front. The strong mayor proposal from the province, coupled with the recent commitment from Toronto Mayor John Tory to expand ownership and rental housing options, are examples of this. TRREB looks forward to hearing additional initiatives from candidates vying for office in the upcoming municipal elections.” (-3.7)$1.37M (-3.1)

Semi-detached $1.12M (-7.3)$942,628 (-1.1)$998,490 (-3.4) Townhome $913,410 (0.4)$897,140 (3.7)$900,307 (2.9) Condo $736,940 (2.6)$656,339 (6.0)$711,321 (3.6) SOURCE: TRREB nexthome.ca 15

“The Office of the Superintendent of Financial Institutions (OSFI) should weigh in on whether the current stress test remains applicable,” adds TRREB CEO John DiMichele. “Is it reasonable to test homebuyers at two percentage points above the current elevated rates, or should a more flexible test be applied that follows the interest rate cycle? In addition, OSFI should consider removing the stress test for existing mortgage holders who want to shop for the best possible rate at renewal rather than forcing them to stay with their existing lender to avoid the stress test. This is especially the case when no additional funds are being requested.”

The GTA resale market showed signs of returning to healthier conditions in August, though the Toronto Regional Real Estate Board (TRREB) warns that higher borrowing costs could further impactTRREBperformance.reported5,627 home sales in August 2022, representing a year-over-year dip of 34.2 per cent – a lower annual rate of decline compared to the previous four months. The August sales result also represented a month-over-month increase compared to July. Sales represented a higher share of new listings compared to the previous three months. If this trend continues, it could indicate some support for selling prices in the months ahead, TRREB says. On a year-over-year basis, the MLS Home Price Index (HPI) was up by 8.9 per cent, and the average selling price for all home types combined was up by 0.9 per cent to $1.07 million. The average selling price was also up slightly month-over-month, while the HPI Composite was lower compared to July. Monthly growth in the average price versus a dip in the HPI Composite suggests a greater share of more expensive home types sold in “WhileAugust.higher borrowing costs have impacted home purchase decisions, existing homeowners nearing mortgage renewal are also facing higher costs,” says TRREB President Kevin Crigger. “There is room for the federal government to provide for greater housing affordability for existing homeowners by removing the stress test when existing mortgages are switched to a new lender, allowing for greater competition in the mortgage market. Further, allowing for longer amortization periods on mortgage renewals would assist current homeowners in an inflationary environment where everyday costs have risen dramatically.”

GTA RESALE AVERAGE PRICES, AUGUST 2022 (YR/YR % CHANGE) 416 905 Total Detached $1.64M (-1.7)$1.31M

In the spotlIght JOHN TORY RELEASES PRE-ELECTION PLAN TO BUILD MORE HOUSES FASTER

2. Cutting red tape and speeding up approval times by creating a Development and Growth Division to streamline the process to get more housing built faster.

RESCON says it is still concerned, however, that government taxes, fees and levies on residential construction in Toronto remain the highest in North America. A report from Canada Mortgage and Housing Corp. found that if government charges alone were removed, the cost of a dwelling in Toronto would be 10 to 24 per cent lower.

fIve pIllars of tory’s plan:

Toronto Mayor John Tory has announced his 2022 re-election campaign policy to help get more homes built in the city and address affordability issues. “We’ve made strong progress over the past eight years to get housing built in Toronto, but to tackle increased affordability challenges brought on by a national housing shortage we need to build more homes, faster,” says Tory. “I’m proud to announce a five-point plan that builds on this progress by looking critically at where we can streamline and modernize processes at City Hall, and how we incentivize our homebuilding partners to increase our housing supply and drive affordability.”

1. Expanding housing options by permitting “missing middle” housing, and allowing greater midrange density on major roads and in areas served by transit.

3. Making sure projects move forward and that land that could be used for housing does not sit idle by asking the province to allow the City to enact a “use it or lose it” policy for developers sitting on approved, but undeveloped, land.

5. Incentivizing the construction of purpose-built rental housing by reducing fees and charges, as well as prioritizing those applications.

The new city department is vital if the city is to see the streamlining of all building approvals that is so desperately needed.

“Under my leadership over the past eight years, Toronto has made strong progress on getting more homes built, especially affordable and supportive housing,” says Tory. Industry approval For its part, the homebuilding industry so far favours Tory’s proposal. “The Building Industry and Land Development Association (BILD) supports initiatives to make approvals more timely and efficient, as well as steps to make it easier to build housing of all types,” says Dave Wilkes, president and CEO of BILD. “This will help ensure we are able to build more homes for our city’s growing population, faster. Increasing housing supply and creating a more affordable city requires big thinking and bold action and we look forward to working with Mayor Tory to address this generational challenge.”

“The escalating housing crisis has been detrimental to the public interest on many levels,” says Richard Lyall, president of the Residential Construction Council of Ontario (RESCON). “There is a need for bold action and initiatives to get muchneeded housing built faster in the city of RESCONToronto.”says it is particularly supportive of the mayor’s plan to expand housing options by permitting “missing middle” housing and allowing greater mid-range density on major roads in areas served by transit, as well as his proposal to cut red tape and speed up approval times by creating a development and growth division at city hall that will tackle the slow approvals process and simplify the system to get housing built faster.

The One Stop Shop for Builder Storytelling mcouatpartnership.com 16 condolife magazine | Sept. 10–Oct. 8, 2022

4. Enabling more co-op, supportive and affordable housing by allocating a portion of City-owned land to be developed by non-profits.

SOFTER DETACHED HOME VALUES SPUR HOMEBUYING ACTIVITY IN SECOND QUARTER: REMAX

While detached housing values show substantial year-over-year gains in the first half of 2022, recent successive increases to the Bank of Canada’s (BoC) overnight rate put a damper on price appreciation in the GTA in the second quarter, according to a new report from ReMax Canada. To illustrate, the 2022 ReMax Hot Pocket Communities Report compared market activity in the first and second quarter of 2022 in terms of unit sales and prices, analyzing 60 Toronto Regional Real Estate Board (TRREB) districts. The central and west end of the 416 held up relatively well in terms of average price, while Durham, Peel, York, Halton and Dufferin surrendered some of the significant gains realized in recent years. “Buyer sentiment changed virtually overnight as growing geopolitical concerns and spiralling inflation destabilized global markets, leaving the Bank of Canada little option but to raise interest rates,” says Christopher Alexander, president, ReMax Canada. “Those fast and furious incremental increases placed downward pressure on housing sales and prices, improving affordability on one hand, but eroding it on the ReMaxother.”found that second quarter values in the GTA were 10 to 15 per cent below Q1 levels in Durham (-14.6 per cent), York (-12.9 per cent), Halton (-12.7 per cent), Dufferin (-12 per cent) and Peel (-11.2 per cent). Just 15 per cent of GTA markets noted an uptick in average price in the second quarter. Five of those markets are located in the central core. “Given that the core has traditionally been more resilient, bolstered by strong demand, a finite supply of homes available for sale, higher household incomes, and greater equity at the top end of the market, the results are not unexpected,” says Alexander. “The price softening was clearly more evident in suburban areas and the outer perimeters of the 416, most of which experienced strong upward momentum during the height of the pandemic as buyers sought to leave the city.” ReMax realtors also noted a reversal in pandemic trends over the past six months, as work from home situations change and buyers rethink the exodus to suburban and rural areas. Detached home sales rose in 40 per cent of markets surveyed in the GTA in the second quarter of 2022, with the vast majority of increases noted the 416 area. However, affordable price points also continued to draw buyers.

Durham Region was also a hot spot, with half of its markets reporting an uptick in homebuying activity. Several markets stood out in terms of sales in the Toronto region. Some of the areas that have seen the greatest activity include Toronto’s west end, where a single-detached home on a 50-ft. lot with a price tag of less than $1.5 million is still a possibility.Intheeast end of the GTA, in areas such as South Riverdale and Greenwood-Coxwell, sales climbed 26.5 per cent in the second quarter compared to the first. With proximity to the downtown core and the Lake Ontario shoreline, and an average price of $1.86 million, this community has proven exceptionally hardy under currentBuyerscircumstances.seekingaffordability helped prop up second-quarter sales in Ajax, Whitby, Clarington and Scugog in Durham Region. With the average price of a single-detached home hovering at slightly more than $1 million in Clarington to $1.2 million in Ajax, the region has an abundance of entry-level product for costconscious“Inventorybuyers.remains a puzzle that policy can’t solve in the foreseeable short or long term,” says Alexander. “It’s a real challenge, as supply of detached homes remains low from a historical perspective and also in the context of population growth and future needs.”

nexthome.ca 17

IN THE SPOTLIGHT

The three-day event, taking place Sept. 30 to Oct. 2 at Toronto’s Enercare Centre at Exhibition Place, showcases the best of home organization and storage, small space optimization, family sanctuaries, entertainment and more. This year’s theme of Hibernation, Haven and Hygge offers the perfect solution for those looking to hunker down this winter and get their space winterready, regardless of size.

“Whether you’re revamping a semidetached, bungalow or condo, the 2022 show is set to inspire you with creative solutions to maximize your space and get your home working for you,” says Denise Hayward, show manager. “It’s important to remember that our homes should work for us and our lifestyles, so having a place to connect with family and friends, work and stay organized, or simply spend quality time relaxing, will help you get the most out of your space.”

In the spotlIght 2022 FALL HOME SHOW BRINGS

The Fall Home Show is a onestop-shop for anyone interested in elevating their space, with oneon-one consultations available to help transform spaces. From getting free advice on reno or decor projects, to learning new cooking and entertainment tips, and building confidence by getting hands-on before tackling any upcoming DIY projects, “the show is designed around helpful and practical solutions so people can live better in their space – all year long,” says Hayward. new features thIs year: Speakers Lounge – an intimate space where experts such as HGTV Canada’s Scott McGillivray will share their insight into real estate, renovations, organization and more. Maker Studio Spaces – a new feature area designed to promote local Makers and Crafters, showcasing knitting, cake decorating, macrame, candle making, paper crafts and more. Posh Pumpkins – unique and beautifully stylized posh pumpkins painted by design celebrities, available for purchase.

HIBERNATION, HAVEN & HYGGE TO YOUR SPACE

Autumn is just around the corner, and the Fall Home Show returns after a two-year hiatus to help homeowners realize the potential of their space and get them excited about spending more time indoors as the weather outside turns colder.

returnIng features: Ask A RenoMark Renovator –connect one-on-one with RenoMark renovators in a free 15-minute consultation.DesignIntervention – free 15-minute advice sessions with a Reno+Decor celebrity guest designer. DIY Centre – hands-on guidance from DIY experts Mark Rason, Jordan Spear and Desta Ostapyk. torontohomeshows.com Scott McGillivray

18 condolife magazine | Sept. 10–Oct. 8, 2022

IN THE SPOTLIGHT

HOMEBUILDING INDUSTRY TO BENEFIT FROM FURTHER USE OF PROPTECH: REPORT

New-home building in Canada could get a boost from the increasing adoption of real estate technology, according to a report from Sustainable PropTech, a collaborative thinktank of industry leaders in real estate and counsel,directorandFoundedtechnology.byDeenaPantaloneJoannaCreed,principal,andofoperationsandgeneralrespectively,forVenturon, a Canadian investment group focusing on real estate technology start-up companies, Sustainable PropTech is a community designed to help the industry navigate through the fast and ever-changing technology landscape. A secondary goal is to help the industry make an important contribution to environmental, social and corporate governance (ESG) in real estate in Canada. While the real estate industry has traditionally been slow to incorporate new innovations, this is rapidly changing with the introduction of new technology, products and services that are not only making the industry more efficient, but also creating opportunities to be more sustainable. The report shows $326 million was invested into companies in the Canadian sustainable construction segment, which could help address affordability for new home purchasers, as well as a myriad of environmental concerns. The only report of this kind, it includes a comprehensive list of Canadian sustainable proptech companies, a market map of Canada’s sustainable proptech ecosystem, and an analysis of current sustainable proptech trends. “We connect the built world of real estate with sustainability experts, tech entrepreneurs, investors and fresh thinkers,” says Pantalone. “When it comes to protecting the planet, time isn’t on our side. That’s why our clear mission is to accelerate the achievement of sustainability goals.” Adds Creed. “This Report brings together a wealth of information, with usable data and important insights designed to help industry players share ideas. Collaboration is how the digitization of real estate can be accelerated, and our goal is to create real“We’rechange.”starting to see a shift in the way property technology is adapting to improve building sustainability and meet building operator needs,” says Mansoor Kazerouni, global director, buildings, IBI Group. “The application of design principles such as digital twins and passive house will set the stage for the future of sustainable urbanSaysdevelopment.”FredCassano, national real estate tax Lleader at PwC, “We’ve seen a growing focus by the real estate community on proptech solutions as an enabler to assist in solving business issues. With real estate companies increasingly recognizing the urgency to accelerate their decarbonization efforts and the measurement of related efforts, sustainable proptech will play a key role in addressing an emerging challenge today.” sustainableproptech.com Deena Pantalone

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ACE HOTEL TORONTO OPENS FOR BUSINESS

#InsidetheGTA

WHAT’S HAPPENING Ace Hotel Toronto – the brand’s inaugural home in Canada – opened its doors in late July and is receiving rave reviews for its timeless architecture and red brick facade, which recalls the important role bricks pressed from Don Valley clay played in forming the city’s visual identity. The 123-room hotel was designed by Toronto firm Shim-Sutcliffe Architects, recipients of numerous awards, including the 2021 Royal Architectural Institute of Canada’s Gold Medal, the nation’s highest honour for architecture. The project was developed in partnership with Zinc Developments and AlterraAnchoringGroup.the building is Alder, a seasonal wood-fired restaurant from critically acclaimed chef Patrick Kriss. Chef Kriss also helms the menus for The Lobby, as well as the hotel’s rooftop bar and lounge, Evangeline, opening later this year. Ace was founded in Belltown, Seattle in 1999, now with locations in Seattle, Portland, New York, Palm Springs, Los Angeles, New Orleans, Kyoto, Brooklyn, Sydney and Toronto. acehotel.com/Toronto

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by SUSAN LEGGE GTA

Muriel Dobbie was not known to Habitat GTA, but the organization received additional cheques throughout the year from this generous person, totalling $1 million. According to the Habitat for Humanity website, Muriel Dobbie chose to leave a gift to several charities in her will, and this organization, which helps working families build strength, stability and self-reliance through affordable homeownership, was one of them. habitatgta.ca

In celebration of the summer season and the power of the arts to connect and build community, the Port Credit West Village Partners (PCWVP) – the consortium, including Kilmer Group, Dream Unlimited, DiamondCorp and FRAM+Slokker, which is behind the 72-acre master-planned Brightwater community – recently unveiled the immersive Port Credit Portals art installation at JC Saddington Park. The installation comprises five 10-ft.-tall colourful Portals, creating a glowing, immersive art experience along Port Credit’s waterfront. The Brightwater team has also participated in other initiatives, adding art to the local community, including the LCBO Port Credit Mural Project earlier this summer. Prioritizing and offering a vibrant public realm and experiences for residents and community members is an integral pillar of the Brightwater community, with an updated Main Street, including a Village Square, new park spaces, and multiple promenades, pedestrian and cycling trails, and different art experiencebrightwater.cafeatures.

Brightwater brings #PortalsPC immersive art installation to Port Credit

Ene Underwood, CEO of Habitat for Humanity GTA, posted an unusual item on LinkedIn recently – Habitat for Humanity GTA received a cheque for $500,000 in the mail. Underwood’s post, which can also be seen on Medium, reads that last year an “unsuspecting envelope arrived at our Toronto office. Amidst the pile of packages and letters we receive daily, no one thought much of it. The envelope came from an address that belonged to a woman named ‘Muriel Dobbie.’ Inside the envelope was a cheque made out to Habitat for Humanity GTA for half a million dollars,” said Underwood.

Actor Simu Liu, known for his work on Kim’s Convenience and as Marvel character Shang-Chi, is collaborating on a new condominium community in Toronto called 8 Elm. The project, located in the heart of downtown Toronto, is a joint project between Capital Developments and Reserve Properties. Liu is lending his creativity to a team that includes architects IBI Group and interior design firm Cecconi Simone, to deliver a building that blurs the lines between residential living and hospitality, creating a space that looks and feels like a five-star hotel. The actor, who recently released his first memoir, always believed that real estate developers have a responsibility to give back to the cities they build in. Having lived in the same Bay Street apartment for eight years, Lui says he understands the importance of designing and optimizing every square foot of living space so residents can feel happy and relaxed in their homes. 8elm.com

Simu Liu unveils new collaboration with developers at 8 Elm

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COVER STORY HARBOURWALK

HARBOURWALK’S NEXT-LEVEL AMENITIES AND DESIGN Harbourwalk is an extraordinary new landmark, a stunning architectural statement by Architects Alliance. Its two remarkable buildings are connected by a 57,000-sq.-ft., Euroinspired courtyard with trees and seating areas – a wonderful place to relax and enjoy the great outdoors in a quietAlongsetting.withthe courtyard, Harbourwalk boasts many other amenities geared to social and wellness needs. There’s an outdoor pool and lounge with lake views. A working-from-home lounge. An indoor spa with hot tubs and saunas. BY TRIDEL

SAVOUR INFINITE LAKE VIEWS AT

22 condolife magazine | Sept. 10–Oct. 8, 2022

Tridel, with more than 80 years of experience as Canada’s leading lifestyle builder, is playing a key role in the creation of Lakeview Village – a 177-acre, mixed-use, sustainable community transforming the Mississauga waterfront. Making a splash right on the water’s edge is Tridel’s Harbourwalk. This new, modern, 867-suite condominium community of two towers steps down in a series of expansive terraces from heights of 19 storeys each. The upscale gateway to Lakeview Village, Harbourwalk sets the new standard for waterfront living.

Two fully equipped gyms. And all of these amenities are conveniently connected to the courtyard. Harbourwalk’s two buildings offer 445 and 442 suites each, including one-, two- and threebedrooms. Complementing the eye-catching architecture, the striking modern interior design by II by IV ensures every home is a private retreat. Featuring designer-crafted features and finishes, the suites at Harbourwalk immerse you in a luxurious ambience that encourages rest and relaxation as well as connection with loved ones.

THE DYNAMIC LAKEVIEW VILLAGE DISTRICTS Lakeview Village, a sparkling new destination offering housing for 20,000 people in townhomes and high-rise condominiums, is surrounded by premier greenspace; cultural, entertainment, retail and outdoor amenities; and transit. Residents of Harbourwalk can explore any of the eight dynamic districts of Lakeview Village, all within walking distance. For those who love the water, Harbourwalk is a dream come true, as it’s located right next to the Marina District. Imagine walking out your door on a sunny Saturday morning and heading down to the kayak launch in the Marina District, ready for a morning of paddling. You could have a leisurely lunch at the picnic spots, or work up a sweat going for a run on the trails. Or use the Marina District as a launching pad for any other outdoor activities –pedestrian and bike trails run through the Marina District, offering direct access to Lakefront Promenade Park and the boardwalk. Walk a few steps east of Harbourwalk and you’ll arrive at Ogden Park, a long green park that flows like a river through the centre of the Village, with interconnected pedestrian walkways. This is where you’ll find a community centre, community gardens, an off-leash dog park, playgrounds, outdoor community dining, pollinator pods, an event pavilion and a skateboard park.

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Just off Ogden Park is Waterway Common. This exceptional gathering space transforms over the four seasons: In the winter, it’s a skating rink. In the summer, a scenic water feature connected to a channel of the Marina to the west and the Innovation District to the east. Bring the kids to the splash pads, put the farm to fork concept into action by shopping at the seasonal markets, or simply relax at an outdoor café and watch the world goTheby. waterfront draws people from all over the city to come down and bask in the lake breezes, the open spaces and amazing views. The fantastic Waterfront Park, with bountiful space for all kinds of activities, is only a five-minute walk south of Harbourwalk. Just a few steps outside your door at the farmers’ market you can pick up fresh ingredients for dinner. Or how about a refreshing walk along the pier, which extends 600 metres out into the lake? If the idea of being able to walk to work attracts you, the Innovation District could become your new workplace. This 20-acre campus within Lakeview Village is set to accommodate 9,000 workers. Lakeview Square, Lakeview Gateway, and Aviator Park are other exceptional parks you’ll get to know as you explore Lakeview Village. You’ll also be drawn to the 64-acre Jim Tovey Lakeview Conservation Area, right next to Lakeview Village and connected to it by multi-use trails. This lush, green, naturalized park is home to birds, fish, animals and plants.

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Harbourwalk is an unbeatable opportunity to be part of Lakeview Village, a precedent-setting new waterfront community. With more than 87,000 new homes built throughout the GTA over the last eight decades, Tridel is one of the largest builders of sustainable condominiums in Canada. Thanks to their strong corporate culture that fosters a spirit of community and commitment to their renowned craftsmanship, they are one of the most awarded developers in Ontario. For more information on Harbourwalk at Lakeview Village, visit tridel.com. Prices, floorplans, community and project statistics, subject to change without notice EO&E September 2022.

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Ben Myers is the President of Bullpen Consulting, a boutique residential real estate advisory firm specializing in condominium and rental apartment market studies, forecasts and valuations for developers, lenders and land owners. Contact him at bullpenconsulting.ca and @benmyers29 on Twitter.

ADVICE | STAT CHAT

Areas that I really like right now are in the “soft middle” on the outskirts of Toronto, or in the more walkable areas of the inner-suburban municipalities. The markets in south Mississauga are primed to take off, with greater appreciation in places such a Port Credit and Mineola. Take a look at the Brightwater Community and now-launching Lakeview Village development – huge masterplanned waterfront communities. Secondly, the lands around the Mimico and Cooksville GO stations are going to be transformed, and there is clearly an opportunity to get in on the first phases at an attractive valuation – developers need to start these big projects with an immediate sales success and price the initial phases accordingly. Here is some food for thought: Chestnut Hill Homes launched a new highrise condo in 2007 near the Pickering GO Station at less than $250 psf. The company’s latest project, launched for more than $900 psf last year, and pricing is now closer to $1,050 psf in that node. If you’re in the market for a new home, surround yourself with an experienced team, including a realtor familiar with the new home market, and a mortgage broker who can find you the best deal. Buy what you can afford, buy for the long-term, and do your research. Good luck.

WHERE IS THE NEXT HOT SPOT FOR HOUSING IN THE GTA?

A question I get asked regularly is: Where is the next hot spot for real estate in the Greater Toronto Area? Many predicted that COVID-19 would decimate downtown real estate, but that has clearly not been the case. According to data from rentals.ca and Bullpen Consulting’s latest National Rent Report, the average rent in Toronto is by nearly 25 per cent annually, with pockets of downtown Toronto seeing growth of more than 40 per cent from July 2021 to July 2022. If you’re looking to buy and rent, those are some attractive numbers. If you are an investor looking at the condo market in the GTA, the downtown market and its $1,500 per-sq.-ft. (psf) to $1,700 psf pricing might be out of reach, but buyers have been taking notice of several areas that I predicted would be very popular in the future. St. Clair West and The Stockyards have seen a number of buildings pop up recently, with thousands of units in the works. The area will be unrecognizable in 15 years, with highrise towers lining the UP Express and GO train lines. Scarborough has also been a popular destination, with Kingston Road seeing tons of demand given the pricing is the lowest in Toronto. However, all of the GO train stations in Scarborough are expected to see huge developments surrounding them, with new communities being established – these will be opportunities worth checking out. The GO train is one of the best and most comfortable ways to travel within the GTA. As for the next hot markets, look at the Weston area, with the UP Express and the new Eglinton Crosstown LRT in a community with quick access to the 401. It has a very Junction-North feel to it. The next area to watch out for is Yorkdale, as Dufferin Street is densifying quickly, and the lands around the mall will be developed. Expect rapid price growth, as retail, office and residential mix in more creative ways. The third area to pay attention to is Downsview, as this massive property gets redeveloped with midrise condominiums, townhouses and reimagined community spaces. The demand for new groundoriented housing – single-detached, semi-detached and townhomes – in the outer-suburban markets has cooled again, after a red hot 2021. After a couple of years of price flatness and tepid sales absorption from mid-2017 to mid-2020, the single-family market took off in the second half of 2020 into March of this year, as prospective buyers in need of more space due to the work-from-home phenomenon were scooping up the homes. These purchasers are less concerned about commuting times, and were fueled by low interest rates. However, some of those markets lack the type of amenities and proximity to activities that many young families crave, and while some of these sleepy and quaint communities may have looked appealing during COVID when things were closed, demand has dropped now that everything is open again, and interest rates are rising.

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ENERGY EFFICIENCY

HOW TECHNOLOGY IS RESHAPING THE REAL ESTATE INDUSTRY

IoT sensors provide real-time monitoring of materials, sites and the people working on them.

THE DIGITALEXPANDINGMARKETPLACE

Online tools such as building information monitoring (BIM) enable architects, engineers, developers, contractors and all other parties involved in constructing a building to work collaboratively on one platform. Builders are also using drones and satellite imagery for everything from site surveys to jobsite safety. Change is good. Technology is making it easier for Canadians to become homeowners and real estate investors. It’s also improving the efficiency of how we build houses and how energy efficient they are for the occupants. That’s a win-win situation.

BUILDING TECHNOLOGY

In June 2022, the Proptech Collective released its second-annual Proptech in Canada report. The non-profit Proptech (short for property and technology) Collective brings together experts from the real estate, building and tech industries who are looking at ways to use technology to improve how we provide housing for people.

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Canada is a global hub for tech, so it makes sense that the country is becoming an incubator for real estate innovation. Here are my thoughts on some of the Proptech collective’s key findings.

Tim Ng is the Principal and Founder of ADHOC STUDIO and BLACKLINE, an industry-leading digital studio that combines real estate, art and technology. To learn more about ADHOC’s awardwinning renderings and industry leading sales platform, BLACKLINE, visit adhocstudio.ca and blacklineapp.com.

Collectively, heat and cooling our homes is one of the largest annual consumers of energy in Canada. So, building new housing that is as energy efficient as possible, and renovating existing housing to bring it up to modern standards, are essential to meeting our national climate changeTechnologygoals. is a key part of any solution. AI energy monitors track which specific equipment is consuming the most energy, enabling owners to make adjustments to reduce consumption. Other sensors can monitor indoor air quality. With solar panels and onsite battery storage, many projects are becoming energy independent. In fact, there are now entire off-grid communities that are completely self-sustaining.

KEY WAYS TECHNOLOGY IS CHANGING THE REAL ESTATE INDUSTRY • Alternative financing options • Efficiencies in completing transactions • Real-time data collection • AI and other tools help boost energy efficiency and decarbonization • IoT real-time jobsite sensors • Online collaboration helps streamline the building process • Drones and satellites provide site mapping and security 26 condolife magazine | Sept. 10–Oct. 8, 2022

ALTERNATIVE FINANCING Traditionally, to get a mortgage, you would go to your bank or credit union and apply for one. Savvy buyers knew that a mortgage broker could shop around on their behalf for the best rates available. But that was about it.

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TIM NG online. That’s spilling over into real estate as well. Developers, realtors and purchasers are increasingly using software that handles digital signing to complete sales, instead of requiring in-person signatures. It was a great social distancing measure, but is also a much more efficient use of everyone’s time. Tech is also improving how builders build homes. RenoRun is the topfunded proptech start-up in Canada, having raised more than $200 million in funding since its founding in 2016. Using the RenoRun app, builders can have tools and materials delivered to their jobsite so they can stay focused on the job.

Today, there are entirely new financing options, from co-ownership and rent-to-own models to crowdfunding. With the co-ownership and rent-to-own models, buyers partner with an investment company that will eventually transfer ownership. With crowdfunding, multiple individuals invest in a property and share the Combined,equity.these options open up the world of real estate ownership and investment to a wider market.

During the pandemic, we learned that you can buy almost anything UNDERSTANDING PROPTECH

I recently rode the subway in Toronto, and an advertisement along the ceiling of the car caught my eye. It was good marketing: Catchy tagline, smart graphic design, a flattering 3D render of the still-unbuilt tower... And no one was looking at it. They were looking at their phones. This is why we shifted, I thought. Humans have migrated their lives to the digital space. It’s critical that our marketing shifts there, too. A complete marketing strategy has to embrace every possible medium, and connect every asset digitally to a single, unified narrative.

– Christopher Castellano, VicePresident, Sales and Marketing, Camrost Felcorp Inc. “For Marlin Spring, digital content enables us to be creative with our sales tactics, and continually measure and refine what assets are being absorbed by the consumer.” – Erin Millar, VicePresident, Sales and Marketing, Marlin Spring

Those assets make use of many mediums and techniques; timelapse footage of the neighbourhood, motion graphics messaging, influencer testimonials, episodic docu-series, lifestyle footage, animated renderings, cinemagraphs, or simply 30-second trailers that support the sales strategy.

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A mistake some make in marketing is to sink every effort into a single medium – a splashy announcement video, for example. Even in the digital era, the story we tell has to be built for telling across platforms. That’s why there’s still room for subway ads and billboards. But we need to treat those static assets as portals that make it simple for consumers to connect to the whole, wider digital tale we want them to hear.

Jeremy Gladstone is the co-founder and Creative Director of Gladstone Media, a full-service creative agency in Toronto. gladstonemedia.ca.

“Through Gladstone’s motion graphics, videos and eyecatching visuals effectively denoting the juxtaposition of elegance and historical charm at the heart of our brand story, the digital component of our campaign helped to drive engagement and leads, resulting in weekly sales to steadily meet our targets.”

Good marketing in the digital era is a single story told in innovative ways, across a web of interconnected assets.

THE INTERNET IS CHANGING Observe the evolution from Facebook to Instagram to TikTok and don’t miss the lesson: Compelling content is mandatory.

GLADSTONEJEREMY

Increasingly, our lives are navigated primarily through our phone screens. If it’s feed-worthy, we see it; if it’s not, weFacingdon’t. these changes, marketing to new-home buyers requires a multipronged strategy where traditional assets drive the viewer into the digital space... itself an interconnected web of strategic content.

PROFESSIONAL PRODUCERS

DIGITAL SAVANTS

ADVICE | MARKETING EDGE

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PEOPLE ARE CHANGING

MARKETING TO THE DIGITAL WORLD+ MORE CONTENT ONLINE

“We need to be talking to our potential purchasers where they are, and in today’s world they are all living a digitally integrated life.”

THE WEB WEAVERS

Today’s digital strategists must understand the arcane art of getting compelling content to the top of people’s watchlists, as well as capably analyze metrics on that content for what is producing engagement.

When it comes to film/video in particular, a digital strategy cannot solely consist of releasing a single two-minute promotional film. At Gladstone, leading up to a launch date, we release a series of strategically designed teasers using a plethora of media techniques. After launch, a program of further auxiliary assets kicks in to support the momentum.

– Samson Fung, Vice-President, Sales and Marketing, Tridel THE MARKET IS CHANGING Today’s market is volatile. Gone are the days when entire developments sell out in a single weekend. With so many options, the marketing efforts for even a spectacular project can get lost in the clutter. A diverse, multifaceted campaign that focuses on a single overarching story cuts through the noise.

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+mOre

Michael Klassen is the Broker of Record, Eleven Eleven Real Estate Services. Based in Toronto, this firm is a residential preconstruction listing brokerage. 1111realty.ca

Buying a new home or condominium is likely one of the largest financial investments you will make in your lifetime, especially considering today’s prices. On the day you take possession, you should be excited. Unanticipated closing costs can put a damper on that enthusiasm, so go into your purchase understanding exactly what you will owe, and when. Any salesperson or builderdeveloper will encourage you to take your Agreement of Purchase and Sale and any other documents you receive to a real estate lawyer so that a professional can advise you of what is expected of you. If you are buying new, be sure you take your documents to a lawyer who specializes in preconstruction real estate. The onus is on the builder to be clear, but in the end, it is your responsibility to do your homework and find out what the closing costs are – especially if you are buying a condominium suite. Your Agreement’s adjustment section will outline your portion of maintenance fees and other important information such as whether HST is included in the purchase price. Pay particular attention to your Tarion Warranty Corp. documents, which include schedules that list all known closing costs and other costs you might be charged for. You have a 10-day recission period to get your lawyer to place caps on those items. There are some charges the builder may hold firm on; others will work. Therefore, pre-construction knowledge is a must for the lawyer you select. Ask your salesperson to recommend two or three they deal with. It is well worth a couple hundred dollars to ensure that you understand exactly where you stand.

ON CLOSING COSTS DISCUSSION CONTENT

AN OPEN

ONliNe

Closing costs are heavily regulated, and builders do not make money on those. However, when a statement of adjustments is presented, the builder must justify costs by producing the requiredClosingdocuments.costsinclude a variety of items, such as the balance owing on your deposit. Your enrolment fee for Tarion is another cost, and that is out of the developer’s control. So are charges such as the Land Transfer Tax and utilities hook-ups. If in doubt, ask. When you buy a condominium, another thing to consider is the fact that when you take possession of your suite, you don’t legally own it until the condominium is registered. Until that happens, you pay a monthly “occupancy fee” to the developer. This fee includes several items, such as your monthly maintenance fee (and remember that convenience is a big reason for buying a condo), your share of property taxes, as well as the interest on your outstanding balance to the builder. Another thing you may be expected to pay up front is an amount toward the condominium corporation’s reserve fund. Again, this ensures your building will be kept in good shape in years to come. Once the building is registered (approved by a Land Registry office), you pay your mortgage provider directly.

An educated buyer is a happy one. Do your due diligence and move into your new home or condo with confidence.

advice | Realty insideR KlmichAelAsseN

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HOUSING The provincial government has set a target of building 1.5 million homes over the next decade to keep up with Ontario’s growing population. A recent report by the Smart Prosperity Institute finds that Hamilton will need to build 52,000 new homes to help Ontario achieve that target and ensure our workers and families have housing that meets their needs. How will we build the homes we need to encourage young people to stay in Hamilton and raise their families?

INFRASTRUCTURE Hamilton is one of the fastest growing cities in Ontario. Sustained investment in the infrastructure we need for water, wastewater and transportation Hamilton is needed to keep up with this vital growth. What is our plan to build the infrastructure we need to maintain quality of life and vital services in our growing city? We all have different priorities about what Hamilton needs for a prosperous future. What HamiltoNEXT hopes that we can all agree on, is the need for a mayor and council that is committed to laying out a vision, making a plan and sticking to it. We’re hoping for a team that is willing to make the big decisions and most importantly, see them through, HamiltoNEXT is welcoming voters of all ages to #FrameOurFuture and join us by sharing their vision for the future of our city.

COLLINS-WILLIAMSMIKE

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Hamilton is growing. We need leaders with a vision for the successful future of our city. With Hamilton set to elect a new mayor this fall, it is an important opportunity for residents to ask candidates, “What’s the big picture – and what’s next.” Hamilton is at a key moment where we can collectively chart a course for the prosperous future of our city. It’s why we need a mayor and council that are committed to building a plan that will secure Hamilton as a thriving city and an attractive destination for talent and investment. We can aspire to be the best place in Ontario to live, work and raise a family.

JOBS Hamilton is home to two of Canada’s leading research and education institutions with McMaster and Mohawk. We lead the way in Canada for sectors as diverse as healthcare, technology, logistics, manufacturing and creative industries. Thousands of graduates every year are looking to put down roots in Hamilton, and Hamilton’s economy is ready to evolve to meet the needs of the future. How can we continue to support this growth and innovation for the industries, businesses and jobs of the future?

The West End Home Builders’ Association (WEHBA) has come together with other liked-minded groups to form HamiltoNEXT, a non-partisan alliance of local business organizations committed to championing long-term prosperity, creating jobs and growing our economy, and building a better quality of life for everyone in Hamilton. We’re encouraging residents of every age and walk of life to look ahead at the city they want Hamilton to be, and to recognize the importance of having a plan to get there. Between now and the municipal election in October, voters can take part in this conversation and help #FrameOurFuture as we ask candidates where they stand on big picture issues.

nexthome.ca ADVICE |

WHAT IS THE BIG PICTURE+

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FOR HAMILTON?

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

Investors and homebuyers couldn’t get their hands on The Design District condominium community fast enough. Suites flew off the shelf when Emblem Developments launched the first of three towers in Hamilton in July of this year. The overwhelming response has allowed for tower two to be launched earlier than expected.

BUILDER PROFILE | HAMILTON THE DESIGN DISTRICT –ONE OF CANADA’S MOST SUCCESSFUL DEVELOPMENTS OF 2022 THE SECOND TOWER HAS ARRIVED AT 30 condolife magazine | Sept. 10–Oct. 8, 2022

“Buyers are looking for buildings that don’t blend in,” says Shamil Jiwani, vice-president, investment, Emblem. “In today’s market, buyers need distinct features that translate

“The high demand for suites at The Design District, along with our ability to independently finance our own developments, means that we will be starting construction in March 2023 for the first tower,” says Kash Pashootan, founder and CEO, Emblem. “This type of schedule adjustment rarely happens, ensuring our community will be built to exceed buyerHamiltonexpectations.”israpidly growing through its commitment of a $4-billion investment into a new entertainment hub, revitalization of existing venues, and transit infrastructure. The well-thought-out transit infrastructure that is being built throughout the city is connecting what once felt like an outskirt city to a closely knit community of the GTA. The possibilities are endless for buyers and investors looking to enjoy owning real estate in the heart of Hamilton’s emerging new downtown.

into high price appreciation, and strong rental rates. That’s why The Design District demonstrates that this community is the best investment of 2022.” Located at 41 Wilson St., The Design District promises to be a landmark with grand-scale modern luxury while remaining charming, balanced and intimate. It features three soaring, 31-storey towers connected by a midrise podium with retail at ground level. The spectacular new residence took its design cues from renowned locations in London, New York and Miami. Pashootan and the team describe The Design District as “A forever moment. An ode to art and design,” bound to contribute significantly to the changing face of Hamilton. The Design District offers 931 suites that range from 369-sq.-ft. studios to 1,012-sq.-ft. three-bedrooms and hotel-like amenities, such as an outdoor swimming pool and terrace lounge, impressive lobby lounge, gym, yoga studio, coworking space and party room. Everything is outfitted in high-end features and finishes. The Design District ensures that residents have spaces to relax, reset and recharge at home. Emblem Developments – one of the fastest-growing real estate development companies in the GTA – has a current development portfolio of more than 4,300 residences representing more than $3.3 billion of development value in Toronto, Mississauga, Hamilton and Ottawa. A design-focused builder, Emblem operates under the slogan “The Mark of Exceptional Design” and has inherently been recognized with prestigious awards, including BILD, Best Suite Design for 1 Jarvis in Hamilton; and The Nationals, Best Presentation Centre for Artform in Mississauga.Thefuture is bright in Hamilton as it transforms from an industrial powerhouse to a vibrant, creative destination. Emblem has made its mark with The Design District, and this is your opportunity to make yours. Register today at emblemdevcorp.com or visit a presentation centre at 244 King St. E. in Toronto.

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Gallery Towers offers opportunitythe to live in luxury in the heart of it all.

GALLERY TOWERS

BUILDER PROFILE | MARKHAM In downtown Markham, art weaves itself inextricably into daily life, creating an urban experience unlike anywhere else. Here, amid the interplay of art installations, sleek architecture and modernday must haves, a new crown jewel emerges: Gallery Towers. The Remington Group’s latest highrise project, Gallery Towers offers a place where everyday living is infused with inspiration, imagination and innovation. Gallery Towers will be just steps away from York University’s new Markham Centre Campus (MCC), the first public university in York Region, scheduled to open in 2024. Featuring

32 condolife magazine | Sept. 10–Oct. 8, 2022

REMINGTON’S JEWEL IN DOWNTOWN“MARKHAM”

an impressive vertical campus by Diamond Schmitt Architects, MCC will be fully integrated with the area’s network of commerce, athletics, arts and entrepreneurial communities. The $275.5-million building will consist of a five-storey podium with a five-storey tower above. The 400,000-sq.-ft. facility will open onto a sloping Campus Green that creates an outdoor focal point for social gatherings, its low-incline pathways connecting to the stateof-the-art Pan Am Centre next door, plus a major transit hub. The campus will accommodate up to 4,200 students in its first phase with the flexibility to respond to future growth demands. The new campus promises to be a community of change-makers, fulfilling future labour market demands and civic leadership by giving future students the skills required for economic competitiveness and community development in Markham, York Region and across Ontario. MCC will also provide more than 400 new jobs, enhancing the opportunity to live, play and work in downtown Markham. Located within the growing community of 243 acres, Gallery Towers will be seamlessly connected to public transit and major roadways. The site is also adjacent to the protected greenspace of the Rouge River, providing a rich assembly of natural, cultural and pastoral landscapes. The river system provides a connection to Rouge River Park, North America’s largest urban national park, with a regional network of more than 200 kms of walking and cycling trails. Combine that with more than 500,000 existing sq. ft. of retail and commercial space – including the award-winning 200-plus room Marriott Hotel, along with 100,000 sq. ft. of fitness facilities. Gallery Towers will also be within walking distance to the trendiest restaurants, technology hubs and multicultural, familyfriendly programming, making it a city within a city. The main ideology attached to downtown Markham is in its $30-million public art initiative, cleverly integrated into the public spaces throughout, making the entire community a gallery without walls. Residents and visitors of this thriving neighbourhood can expect to encounter traditional and untraditional forms of art with recurring themes of sustainability awareness and surrealism.

The unique and environmentally friendly Pride of Canada Carousel is the kinetic centrepiece of the Remington Contemporary Art Gallery (RCAG) collection. Unlike any carousel ever created, each of its 44 rideable sculptures have been crafted from found and recycled objects.

suite designs offer open-concept layouts, oversized living spaces with exceptional design and craftsmanship, right down to the smallest detail. Infused with natural light from floor-to-ceiling windows, generously sized master bedroom suites and oversized living areas to gourmet kitchens, the lifestyle is both urban and comfortable at once. Gallery Towers’ modern suites will be available in one-, two- and three-bedroom designs and will be graced with high-quality finishes and features that speak to inspired urban living. Among them are nine-ft. ceiling heights (10-ft. in the penthouses), roomy balconies and terraces suitable for al fresco dining; contemporary laminate flooring throughout; finely crafted kitchen cabinetry with full height uppers and a multi-function kitchen island with a quartz top, dining space and extra storage; and integrated appliances. Suite prices will begin from the $600,000s.

The carousel serves as a cultural landmark and venue for community gatherings and events. Gallery Towers offers the opportunity to live in luxury in the heart of it Remington’sall.

One of the best reasons to choose Gallery Towers as your residential destination is the ability to purchase with confidence from a wellrespected builder-developer. With more than 65 years of experience building dynamic communities in southern Ontario, The Remington Group (TRG) develops and operates a cross-section of residential, retail and commercial properties. With each project, TRG goes above and beyond industry standards to develop distinctive vibrant spaces that enrich a community. Shaping a community to celebrate human connectivity, to ensure and engage with one another, but most importantly to create a thriving city centre – where people can live, work, learn and play. The Remington Group has evolved into one of the province’s largest land developers, by realizing the true potential of urban spaces. At full build out, downtown Markham will become North America’s largest collection of LEED certified buildings, and will reduce carbon emissions by up to 50 per Downtowncent.Markham is truly a place to live, work, study, shop, entertain, dine and play – this is sure to be the most coveted address in downtown Markham, where condominium residences are always in demand. Register today to be among the first to explore Gallery Towers, by visiting downtownmarkham.ca.

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A NATURE-INSPIRED COMMUNITY FOR THOSE

The Residences at Central Park – a 12-acre, mixed-use, master-planned community envisioned by Amexon Development Corp. – will soon rise at the east end of Toronto’s Bayview Village neighbourhood on SheppardDesignedAvenue.tobe a vibrant, environmentally sustainable community, Central Park is a nexus between the urban and natural worlds. Residents enjoy proximity to a range of urban conveniences, and have direct access to the East Don Parkland’s sprawling, forested ravine that embraces the property in lush “Centralnature.Park is a nature-inspired upscale community unlike anything else in Toronto,” says Jason Shiff, executive sales manager. “Central Park will be a quiet oasis in vibrant urban su rroundings, where outdoor lovers are going to be able to immerse themselves in nature all year long. “The ravine is part of the Don River Valley parklands, where there’s a network of walking and cycling trails to explore, that lead all the way downtown. Residents can enjoy outdoor pastimes to the fullest, like hiking, biking, birding and crosscountry skiing. And the community is connected, with the Leslie subway station and the relocated Oriole GO station right at your front door.

The award-winning Central Park Common is at the heart of the community – an artfully landscaped, three-acre urban park, where residents can gather and connect along pedestrian-friendly streets lined with bike paths, casual dining venues, fountains and reflecting pools.

Year-round programming will offer a range of outdoor activities, including a farmers’ market and iceskatingCentralrink.Park will elevate an active lifestyle – residents will have use of 55,000 sq. ft. of fitness, wellness, leisure and social amenity space, offering something for all ages. The Park Club will be home to indoor and outdoor saltwater pools, a stateof-the-art fitness club, half-court basketball, a screening room/theatre, recording/media studio, event space, piano/wine lounge, kids’ club, guest PROFILE

THE RESIDENCES AT CENTRAL PARK WHO

Yorkdale, Fairview Mall, golf courses, parks and other destinations are within easy reach, with immediate access to public transit, Hwy. 401, the DVP and the 404. “We took a lot of time and care planning the look and lifestyle potential of Central Park,” Shiff adds.

“It’s going to redefine how residents live, work and play.”

Getting around the city, the GTA and beyond will be incredibly convenient.”

Bayview Village Shopping Centre is just down the road, with a variety of shops and services, ranging from restaurants to lifestyle and wellness.

ENJOY AN ACTIVE LIFESTYLE 34 condolife magazine | Sept. 10–Oct. 8, 2022

BUILDER

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“We wanted to break away from the conventional,” says CORE’s Deni Poletti, “to express a harmonious coexistence between sparkling glass and nature. It was important to be respectful of the tower’s natural setting above the East Don Parkland.”

suites and yoga studio. Among the leisure-inspired amenities will be rooftop Zen gardens, barbecue areas, ice-skating rink, bowling alley, golf simulator, hobby studio, and pet daycare/grooming facilities. Working from home will be made easy in the spacious 5,000-sq.-ft. co-working space, featuring smart technology, meeting rooms, hot desks and a business centre. The community itself will feature an array of outstanding shared amenities, retail, restaurants and services –including on-site daycare. Environmental sustainability is high on the priority list, and Central Park will be built to Amexon’s Green Development Standard, incorporating an array of industry-leading Green features, including solar panels that supplement the building’s energy needs, and Green roofs that reduce energy consumption. Central Park is the first large-scale project of its kind in Canada to include EV charging stations in all parking areas. There will also be on-site auto-share and bikeshare options available.

Amexon enlisted an awardwinning team to craft a development destined to become a local landmark. CORE Architects’ artful exterior for the residential condominiums is in harmony with the natural surroundings, with facades displaying an organic leaflike design.

The visionary design features an elegant, hotel-inspired, port-cochere providing an inviting sense of arrival, with an artisan-designed fountain, original art installation and lush landscaping by renowned Cosburn Nauboris Landscape Architects. Sophisticated suite and amenity interiors continue a contemporary vibe, with modern features grounded in natural materials and earthy colours. “We were really inspired to create something new and fresh,” says Dan Menchions of II BY IV DESIGN. “We want these spaces to evoke the allure and comfort of nature, with detailed features and finishes that unite a love of the outdoors and creative living.”

The community will eventually encompass more than 1,500 suites, ranging from one- to three-bedroom plus den layouts, in sizes from 439 to 1,200 sq. ft. Prices begin from the $700,000s. For a true appreciation of Amexon’s superior design and meticulously detailed craftsmanship, visit the must-see, 10,000-sq.-ft. all-glass presentation centre at 1200 Sheppard Ave. E. Spectacular gallery-like surroundings include kitchen, bathroom and walk-in closet vignettes that display many of the high-end appointments that come standardAmexonhere.Development is one of Toronto’s most prominent and innovative real estate developers, building its reputation as a multiaward-winning firm by delivering superior-quality properties. The Residences at Central Park is a world-class residential destination that sets new standards in the condominium industry. For further information centralparktoronto.com.visit

New home real estate is a cyclical industry, and the past decade is a perfect example. Data analytics firm Altus Group provide monthly real estate statistics for the GTA to help us understand our ever-changing market. A look at the past 10-plus years is an interesting reflection of the evolving set of trends we’re experiencing.Theyear2011 was called the “year of the condo” for setting a new highrise sales record. Index lowrise prices came in at $545,372, while highrise was $434,322. The $111,000 difference sent purchasers turning to condos in droves. During 2012, total new home sales declined, yet sales of highrise condos were the fourth highest since 2000. The index price for lowrise hit $632,868, bringing the previous price gap up to $196,844.

MorE CONTENT oNlINE nexthome.ca ADVICE REAlty

36 condolife magazine | Sept. 10–Oct. 8, 2022

The year 2013 saw dips in the sales of both high- and lowrise. By December, the price index for lowrise hit a high of $654,147; highrise remained the same. Then during 2014, the average price of a lowrise home exceeded the $700,000 mark; the highrise average price went up to $449,371. And yet, overall sales in 2014 were 41 per cent higher than 2013.

A new cycle kicked in, as 2018 saw the lowest total sales in nearly 20 years. Stricter mortgage stress testing, rising interest rates and lack of supply combined with the record condo sales of the previous year all played a roll in lower numbers. Sales picked up in 2019, with highrise up 157 per cent from the previous year and lowrise up 27 per cent. In December, the benchmark price for new condos was $916,585 and for lowrise $1.08 million. In 2020, the pandemic changed everything, so industry professionals adapted by using technology to sell online. Even with the uncertainty across the globe, we had a very busy year; the GTA new home market outperformed total sales of the previous year. In 2021, overall new home sales were the second highest on record after 2002. Sales of highrise condos were especially strong, nearly reaching 2017’s record. Benchmark pricing hit new records: $1.82 million for lowrise, and $1.16 million for highrise. Halfway through 2022, we’re still experiencing supply levels that are sadly lacking. Sales started off with a bang; then mortgage interest rates rose, and people panicked. Although June sales fell compared to June 2021. Now that interest rates have levelled off, fall sales promise to be robust once again. Whatever cycle new construction sales are in, it’s always wise to buy new.

WHAT A DIFFERENCE A DECADE MAKES IN NEW HOME REAL ESTATE+

| HomE

CoDEbbIESIC

Flash forward to 2015, when overall sales reached the third highest in the previous decade. Lowrise sales were up eight per cent from 2014; highrise sales were down two per cent. The average price of new condos was $453,083, down from 2014 – largely due to developers making suite sizes smaller. The average price of new lowrise homes reached $829,766 –an all-time high. In 2016, new records were set for overall sales, low inventory, high prices and highrise condo sales. More condos were sold than in any previous year on record, and that year saw the highest number of new homes ever sold in the GTA. Then on to 2017, when condo sales hit a new record for most sold and lowrise for the least number sold in any year. Overall, that year was the fourth strongest in the GTA since Altus Group began tracking in 2000.

Kevin Crigger, TRREB President and realtor, is a long-standing and active member at the Toronto Regional Real Estate Board. He has served all levels of the real estate industry, as well as local charities and educational institutions. not mean demand is decreasing. There was a strong dip in the number of rental listings available, dropping by almost 30 per cent year-over-year.

A low rental supply is a major problem in the GTA and will become even more pronounced in the short term. This issue is something about which TRREB and its members continue to raise awareness. Policymakers need to explore more ways to create rental supply. Whether we’re talking about purpose-built rental developments or investor-held condominium apartments, renters need a diverse supply of units.

With less choice, it was much more difficult for renters to secure a lease. It will also cost you more to rent.

Plus, connect with a TRREB member realtor and search listings in real time on any device.

THREE THINGS HAPPENING +morE CONTENT oNlINE nexthome.ca

If you’re interested in digging deeper into the rental market, you can stay up to date with our quarterly reports. We break down average prices, transactions and new listings each month with an easy to glance report. Visit trreb.ca to explore the latest look into the housing market.

Average rents for one- and twobedroom apartments are now both at record levels, surpassing the previous peak back in the latter half of 2019.

Compared to last year, the GTA rental supply is tighter, competition is stronger and average rents are higher.

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CrKEvINIGGEr

For the second quarter of 2022, the average one-bedroom condo rent increased more than 20 per cent to $2,269 compared to Q2 2021. If you are looking for a bigger space, the average two-bedroom rent was also up over the same period to $2,979.

RENTAL

If you are looking to rent a condo in the GTA, the market is getting tighter, as the population continues to grow, the labour market remains strong and some would-be homebuyers have chosen to rent instead, due to higher mortgage rates. This trend will continue for the foreseeable future, with individual condo owners providing a lot of the available units, especially in the mid- to high-end part of the market. There were more than 13,000 condo apartment rental transactions reported by GTA realtors from April to June 2022. Although this was down when compared to last year, this does THE GTA’S MARKET

ADVICE | REAL INSIGHT

ADVICE | LEGALLY

3 CRITICAL FACTORS TO COMMERCIAL REAL ESTATE LENDING+

What’s important is that you look at where your business is now, and where it’s Dependinggoing.on your goals, you may want to look at the following facilities:

2. CONSTRUCTION LOANS Construction loans are specifically designed to finance commercial construction. This can include building multi-family units, commercial building, warehouses or retail centres, for example.

3. TERM LOANS

A term loan gets repaid in regular payments over a set period. Term loans can be an effective tool for businesses which are looking to keep growing. They allow you to purchase new assets, expand to new markets and consolidate your debt.

Purchasing commercial is not for the faint of heart. You also must be prepared to absorb some costs to ensure you will meet lender requirements. Every project should be purchased conditionally on financing and due diligence. Commercial lenders will require an appraisal performed by an appraiser that is satisfactory to the lender. In addition, you will probably be required to have a Phase 1 environmental report and survey prepared. If you are buying to develop, you may want soil tests and planning research as well. Whether you are looking to buy commercial property, or simply leverage the property you already have, commercial loans can be a flexible and convenient solution to give you the business edge you need. But it is critical you have the right team to help you out. Your banker should provide options to best suit the needs of your business, and your goals. Your lawyer should be familiar with the pitfalls in commercial properties, and be prepared to work with your team to close the deal quickly and efficiently.

1. OPERATING LOANS

PREREQUISITES TO LENDING

38 condolife magazine | Sept. 10–Oct. 8, 2022

Jayson Schwarz, LLM, and Jacqueline Moneta, JD, are Toronto real estate lawyers and partners in the law firm Schwarz Law Partners LLP. Visit online at schwarzlaw.ca or email info@schwarzlaw. ca with your questions, concerns, critiques and quandaries. Construction loans can be an effective tool, as they typically have interest-only payments during the construction phase, and can convert to a fixed-rate mortgage once construction is Constructioncomplete.loanscan, however, be more complicated from a legal standpoint, and it’s important to have a lawyer who understands the process so the funds are not delayed.

MORE CONTENT ONLINE nexthome.ca SPEAKING BY SCHWARZ,ANDMONETA,JACQUELINEJD,JAYSONLLM

In this fluctuating real estate market, many investors, who may be shying away from residential properties, are turning to commercial deals. Maybe your business already owns the building you operate from, or maybe you’re looking to expand by buying a new store front. Regardless of the reason, you can borrow funds against your commercial property, or refinance your commercial property to operate your business, seize new opportunities or improve your bottomThereline.are many lending opportunities for commercial clients. You can speak to your bank, credit unions or private lenders.

An operating loan is typically a shortterm loan ideal for helping with day-to-day cash flow. It allows your business to access funds for daily operation, to cover expenses until you get paid. For small businesses, an operating loan can give you breathing room.

At Baker Real Estate Inc., we are having an extremely busy summer. Recently, we launched three of the Greater Toronto Area’s most anticipated and significant condominium communities, and our pipeline for the remainder of the year and into 2023 is robust, with no hint of Wecancellations.aresurprised to read ongoing media reports that some projects in Toronto and the GTA are cancelling or may cancel. Baker has been one of Canada’s leading pre-construction sales and marketing partners for more than 25 years, and no one has asked us to be included in their statistics. TheyContraryshould.to the negative headlines, our pre-construction highrise sales in July exceeded July of last year, as well as year-to-date. And keep in mind that 2021 was a banner year for us. In addition, the price of new construction condominiums year to date has risen substantially. When you read articles, be sure they are not lumping preconstruction condominiums with resale and all homes. The scenario for new condos is a topic on its own. One of the major projects we launched in July is Forma – a three-way partnership among Great Gulf, Dream and Westdale, with architecture by the great Frank Ghery. Sales are robust. And that was in the summer, when sales usually lag, and while interest rates and inflation were rising, with reports of a possible recession. These results are nothing

short of awesome. Are there ever delays? Sure, but that is something developers face all the time due to approvals and zoning taking longer thanRemember,anticipated.too, that the investor market is a driving force for our condo sales and look at how much rents have gone up in Toronto and the GTA. Yes, there were some dips during the pandemic, but according to the Financial Post and BNN Bloomberg, average rents for oneand two-bedroom apartments in Toronto have more than recovered; they are now at record levels. Anyone wanting to rent a one-bedroom apartment in the GTA will pay at least 20 per cent more than a year ago. In addition, the demand for rentals is huge, especially with foreign students coming in droves to attend universities here.

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lABARBARAwlOR

GRAIN OF SALT TAKE MEDIA REPORTS ON REAL ESTATE wITh A +MORE CONTENT ONlINE nexthome.ca ADVICE | REAL ESTATE PRO 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

The point is, the nature of headlines is that they draw blood and catch the eye. Avoid taking headlines at face value. I believe firmly in the self-fulfilling prophecy: Tell people something is bad, and they’ll make it bad. When media outlets print something that does not reflect a balanced truth, the results can beReaddamaging.entire articles carefully and question the sources for the information. My advice is to take what you read and hear in the media with a grain of salt – especially headlines, which far too often mine for the negative unfairly.

Hamilton may have long been known as “steel city” – a moniker it may never shake, given the history of the industry there. But this city of 569,353 is quickly earning a more modern nickname – “tech town.” Indeed, Hamilton has been ranked as one of the top tech cities in North America for “opportunity” by commercial real estate services and investment firm CBRE, citing a tech scene that has grown by 52 per cent over the last five years. This, in addition to naming it Canada’s fastest growing mid-sized city for tech talent in 2018. Following the City’s official vision –“to be the best place to raise a child and age successfully” – Hamilton is focused on creating an accessible of Hamilton recording $2 billion worth of building permit values in 2021.

40 condolife magazine | Sept. 10–Oct. 8, 2022

HIGH TECH CITY OF THE FUTURE – NOW by WAYNE KARL

HAMILTON

CITY ON THE HIGHRISE Hamilton’s evolving reputation may be unfamiliar to some, but homebuyers have known the city has been transitioning for years.

A quest for lowrise housing at affordable prices has sent throngs of buyers from the Toronto area to Hamilton over the past decade. But while more affordable lowrise homes may have encouraged GTA buyers to head west, it may be the affordability of the highrise sector that keeps them here. See, for example, the median prices for Hamilton condos, as compared to other types. environment and supporting residents through all of life’s stages. Its economic development action plan is centred around six priorities: Facilitating a skilled and adaptable workforce; enhancing digital infrastructure and services; growing business and investments; moving goods and people; revitalizing priority areas and placemaking; and building transformational projects. The strategy seems to be paying off, as by mid-June, Hamilton hit $1 billion worth of construction for the year – the earliest date on record that it has achieved such a milestone – more than 72 per cent of it in residential investment, with increasing calls from developers outside of the area. This on the heels

NEIGHBOURHOOD WATCH

To this end, the WEHBA has helped form HamiltoNEXT, a non-partisan alliance of local business organizations committed to championing long-term prosperity, creating jobs and growing ourIt’seconomy,notjustabout homebuying opportunity in Hamilton, however. From educational institutions such as McMaster University and Mohawk College, to exhibits such as the Canadian Warplane Heritage Museum, to historical landmarks such as Dundurn Castle, there’s plenty to enjoy in and around the city.

Developers, meanwhile, are catering to the growing demand for highrise housing in the city. For example, over the last few years, a consortium of local builder and development partners and the City set out to revitalize an aging neighbourhood by creating a new community of subsidized and market rental apartments, plus condominium townhomes priced below Hamilton and GTA market values. It is said to be one of Hamilton’s biggest-ever innercity developments and a tribute to inclusivity and diversity. City Housing Hamilton engaged in a strategic alliance agreement for a pioneering project for Roxboro Park Inc., a partnership witih Urbancore Developments, Carriage Gate Homes and the Effort Group to undertake the revitalization of a 13-acre section of land in the city’s east end. The revitalized neighbourhood comprised a variety of housing options, rental apartments and connection to parks and open space trails. The unprecedented $400-million, master-planned community was to be one of Hamilton’s largest inner-city redevelopments.Thenthere’sThe Design District, from Emblem Developments, which promises to be a “landmark with grand-scale modern luxury, while remaining charming, balanced and intimate.” The project features three soaring, 31-storey towers connected by a midrise podium with retail at ground level. The Design District offers 931 suites that range from 369-sq.ft. studios to 1,012-sq.-ft. threebedrooms.Still,theincreasing popularity of Hamilton is not without its challenges.

INFRASTRUCTURE DEVELOPMENT

HAMILTON MEDIAN HOME PRICES, Q2 2022 Q2 2021 Q1 2022 Q2 2022 Q/Q% chg Yr/Yr% chg DetachedSingle-Family $788,000 $992.500 $914,200 -7.9 16.0 condominiumStandard $475,000 $550,100 $537,100 -2.4 13.1 Aggregate $760,000 $946,900 $878,800 -7.2 15.6 SOURCE: ROYAL LEPAGE HOUSE PRICE SURVEY, Q2 2022 +LOCATION, LOCATION, LOCATION Golden Horseshoe at the west end of Lake Ontario; population of 569,353; 68 kms from Toronto, 66 kms to Niagara Falls. KEY LANDMARKS • Canadian Warplane Heritage Museum • Dundurn Castle • FirstOntario Centre • Hamilton Museum of Steam & Technology • Tim Hortons Field SELECT DEVELOPMENTSCONDO 1 Jarvis By Emblem Developments 1jarvis.com Electric Avenue By Elite elitemdgroup.comDevelopments SoHo Central Park By Losani losanihomes.comHomes Steeltown City Co. By Elite elitemdgroup.comDevelopments The Design District By Emblem emblemdevcorp.comDevelopments

“Hamilton is growing. We need leaders with a vision for the successful future of our city,” says Mike CollinsWilliams, CEO of West End Home Builders’ Association (WEHBA) “With Hamilton set to elect a new mayor this fall, it is an important opportunity for residents to ask candidates, ‘What’s the big picture – and what’s next.’

Hamilton is at a key moment where we can collectively chart a course for the prosperous future of our city. It’s why we need a mayor and council that are committed to building a plan that will secure Hamilton as a thriving city and an attractive destination for talent and investment. We can aspire to be the best place in Ontario to live, work and raise a family.”

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Hamilton is also benefiting nicely from the billions being spent on transit and highway infrastructure improvements in the province, allowing residents to live there and easily get around the city or travel to surrounding areas. All of this further positions Hamilton and its residents to enjoy its rising stature – as a tech town, and a place to be now and in the future.

So, if you’re a first-time homebuyer, this may give you an opportunity to enter a much less competitive market compared to what we’ve seen over the last two years. In fact, it’s foreseeable that prices could decline 10 to 20 per cent in major cities, and even more in the suburbs.

TRIGGER POINTS+

A lot of buyers have been so fixated on the recent spike in rates that they haven’t been able to see the benefit in home prices dropping. The key here is that a 10 to 20-per-cent drop in home prices saves buyers a lot more money over time than a two- to fourper-cent rate increase would. This means that it could actually be a good idea for first-time buyers to get into the market by the end of the fourth quarter and into the first quarter of 2023, as a lot of these financial factors may take a greater effect.

ADVICE | PERSONAL FINANCE

WHAT IS A VARIABLE RATE ‘TRIGGER POINT’?

With more people potentially selling their homes due to the recent conditions, we find ourselves moving closer to a buyers’ market.

In 2021, roughly 65 per cent of Canadians took a variable rate mortgage. This is compared to the normal average of 25 per cent – a stark difference. Today, home prices are dropping, variable interest rates are rising and the cost of ownership is increasing. This may lead some homeowners to consider selling their homes or potentially even risk going into default on their current mortgage simply because they can’t keep up. A lot of the current sentiment in the market has been driven by the recent rate hikes from the Bank of Canada (BoC). However, the truth is, most buyers do not have a strong understanding of what interest rates are and how they can impact their affordability until they’re in the thick of the buying process. With things changing so rapidly, many homeowners may find themselves in situations they did not expect just 12 months ago – which only adds to the current volatility in the housing market.

On July 13, 2022, the BoC raised rates yet again, but this time by 100 basis points, marking the fourth hike since March 2022. By the end of this year, it’s likely that we’ll see another one-percent increase in rates, as many experts suggest that the BoC is inching toward a 3.5-per-cent policy rate. Over the last 15 to 20 years, 25 to 30 per cent of buyers generally chose a variable rate mortgage. As mentioned, this statistic moved closer to 65 per cent in 2021. Notably, 90 per cent of these variable rate mortgages have fixed monthly payments, and many of these homeowners believe that even as rates increase, their payments will notHowever,change. that is not the case. As variable rates rise, these borrowers will end up being introduced to something called a “terminal rate,” also referred to as the variable rate “trigger point.” This is when their monthly payments cannot cover their interest and principal payments, causing their monthly payments to increase. As the cost of ownership increases, this can lead homeowners to be in financially dire situations as many already borrowed to their maximum. It might also lead them to potentially have no choice but to sell their properties. This is especially true for investors –who represented a large portion of buyers over the last two years – as their carrying costs are increasing and home prices are on the decline, which makes it a pretty bad investment. If the BoC increases its prime rate by 50 basis points in September, tens of thousands of trigger points will hit. If they raise 75 basis points, it’s possible that 250,000 trigger points can be expected. As a result, some of these monthly payment increases could jump as high as 35 per cent. If you’re in this situation, now would be a good time to cut down on spending and create a feasible budget that you can stick to.

WHAT ARE THE VARIABLE RATE AND HOW WILL THEY IMPACT THE HOUSING MARKET?

At Homewise, we’ve seen many first-time buyers overwhelmed and concerned about recent rate announcements. While it’s important to understand how these rate fluctuations impact your home affordability, it’s also essential to be aware of the current market conditions and the hidden opportunities that may be available to you. If you’re considering a home purchase in the coming months and you have the affordability to move forward, continue working toward this goal without giving into the short-term noise of the market.

IMPACT FOR FIRSTTIME HOMEBUYERS

MORE CONTENT ONLINE nexthome.ca

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

ABRAMSJESSE 42 condolife magazine | Sept. 10–Oct. 8, 2022

IN THIS SECTION: DECOR | STYLE | HOME INTERIORSINSPIRATIONGroove Urban Condominiums at Bathurst and St. Clair, Block Dev. groovecondos.com | Design by Tomas Pearce nexthome.ca 43

Fall is almost here, and with it traditionally comes a new array of wonderfully stylish inspiring fabrics bursting with colours, textures and some of the most incredible patterns. 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 from the inspiration of just one fabric.

INSPIRATION | decor

PATTERN PLAY MIXING PATTERNS LIKE A PRO by LINdA MAzuR

Fabric is tactile, and as such, the feel of lush 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. However, the question is: With all these fabrics and patterns to select from, how do you know what works together to achieve that “designer look” in your home?

44 condolife magazine | Sept. 10–Oct. 8, 2022

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

To successfully mix patterns in your space, remember to vary the scale of the patterns from small to large, as well as to maintain the same depth or magnitude of colour. By that, I mean if you’re working with primary colours, try not to incorporate fabrics that are pastels, as you will inevitably create an imbalance. Generally, if you start with blending a minimum of three fabric patterns, you shouldn’t have any problems.

The first pattern selection should be your most impactful one, so choose carefully and select a pattern that is larger scaled. The second pattern should be completely different, 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 same colours. For example, if you have selected a large scale floral as your first pattern, the second could be a bold stripe or a geometric fretwork pattern, and then blend in another small scale floral for the third, or an alternative smaller geometric. Consider adding another pattern or two, or three, if you wish; maybe a small check, a dot is always favourable, or something in a solid small scale texture. If you’re more adventurous, consider throwing an animal print into the mix for a bit of fun. When combining and layering patterns, it’s important to balance them throughout your space. The last thing you want is to create a situation where the heavier weight of patterns 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 and fireplace surrounds, to provide equilibrium and an aesthetically pleasing look. Also, when pairing up your choices, it’s important to consider the “feel” of the fabrics you are selecting. Are they formal or more Dabblingcasual?inpattern blending can be fun, and fabrics can make a bold statement in your home. Mixing fabrics like a pro is all about balance, layering and blending. When it’s done well, contrasting patterns and textures can elevate your space beyond the typical to a fresh, innovative and welcoming home. Toiles, stripes, florals, ikats and jacquards… there are so many different patterns, scales and colours that can be beautifully blended to complement your room and add that “designer touch.” Just remember to keep a common element throughout and watch your home come alive.

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TO CREATE

46 condolife magazine | Sept. 10–Oct. 8, 2022

You may not have the space to add a whole island, so think about a rolling kitchen or bar cart to serve as a table for food prep or as extra counter space. The best part about rolling is that you can move it to anywhere in your kitchen that fits for you, or cart it out to your living room when it’s time for happy hour.

DESIGNSPACE-SAVINGHACKS

Living in a small space has plenty of benefits (less maintenance, mess and money), but condos don’t always bless homeowners with ample kitchen space. Frequently, it’s the opposite. Thankfully, many small kitchen ideas can maximize your functionality and storage. It’s all about thinking creatively about how to make the most of your real estate so you can enjoy cooking and socializing.

ADD A PREP AREA

INSPIRATION | big style 7

Here are seven design tips that will create your dream kitchen in your condo space.

Not only are open shelves extremely functional, they also make easy work of grabbing your plates and glasses. They don’t eat up nearly as much space as cabinetry, giving the illusion of a bigger room because they’re so light and open. by LISA ROGERS A DREAM KITCHEN IN YOUR CONDO

REPLACE CABINETS WITH OPEN SHELVES

A genius invention, a pegboard gives you space when you think you had none left. There are many options to be found online, and use it to hang everything from colanders to measuring cups, cookware to utensils.

USE LIGHT COLOURS TO EXPAND YOUR SMALL SPACE

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

Lisa Rogers is Executive Vice-President of Design for Dunpar Homes (dunparhomes.com).

Opting for light colours will make the room feel larger for any room, not just the kitchen. Keep a neutral palette on countertops, backsplashes, walls and even your pots, pans and linens. Everything in that cohesive, minimalist colourway will lift the room and make it feel more spacious.

USE BASKETS FOR STORAGE

Every small room requires real attention to organization, because you can’t afford to waste any space. Stock up on spice-sorting systems, a Lazy Susan, lid organizers for your pots and pans, cutlery trays, and compact dish racks to keep things sorted without having to take up essential counter or drawer space. Two of my favourite hacks? Install some hooks for your coffee mugs under a shelf or cabinet, hang them by their handles, and get a cutting board that fits over your sink to create extra space for chopping and food prep. One step further? Make your entire counter space a cutting board. That way, you can work efficiently from anywhere in your kitchen.

The fewer objects, colour (and hardware) your kitchen space has, the less cluttered and tiny it will feel. Less hardware and more integrated pulls or touch-to-open cabinetry increases the efficiency levels, and gives a minimalist, no-fuss feel to your surfaces.

GET ORGANIZED

GET A PEGBOARD

Woven baskets are not only gorgeous to look at, but they work wonders for storage. Find baskets that fit into your decor and tuck them out of the way in a corner, lower shelf of an island, or on the top of cabinets.

SWAP WITH INVISIBLE HARDWARE

nexthome.ca 47

Lifestyle blogger and designer Candace Alongi of The Minted Mama creates a pretty pink powder room abounding with sparkle and styleby SARA DUCK photos DARBY MITCHELL PHOTOGRAPHY

INSPIRATION | interiors 48 condolife magazine | Sept. 10–Oct. 8, 2022

SOURCE: FLOOR AND WALL TILE AND VANITY: Sarana Tile. saranatile.com | CHANDELIER AND SCONCES: Dainolite. dainolite.ca | CEILING PAINT: Sherwin Williams. sherwin-williams.com | WALL PAINT: Benjamin Moore. benjaminmoore.com | PAINT CONTRACTOR: M2A Painters & Decorators | MIRROR, ARTWORK, VANITY KNOBS, SOAP DISPENSER, CANDLE, ROOM SPRAY: HomeSense. homesense.ca | TOWELS: H&M Home. 2.hm.com | RUG: Curated Content Co. curatedcontentco.com | GARBAGE CAN, HAND TOWEL HOLDER, TOILET PAPER HOLDER: amazon.ca | FAUCET: moen.ca

WHAT WAS THE INSPIRATION BEHIND THIS POWDER ROOM RENOVATION? As the last untouched space on our main floor, I wanted this small powder room to go above and beyond. I believe powder rooms are meant to be a little over the top, so I said yes to pink tile, yes to gold accents everywhere, and yes to a space that brings my family joy every time we walk into it.

Lighting makes or breaks a space for me. I used a larger version of the chandelier in another room in our home and loved it so much that I also decided to install it here. The matching sconces were an absolute must, and together they added just the right amount of luxe and glamour to the powder room.

powerPink

BIGGEST DESIGNINGCHALLENGETHISSPACE? Selecting the paint colour! Believe it or not, there are hot pink walls beneath this beautiful grey hue. The lesson learned is to keep wow factors to a minimum, especially in a small space. The tile wall delivers such a significant impact on its own, that it doesn’t need anything else to compete with it.

FAVOURITE DETAIL?

1 2 3 4 For

WHAT ARE THREE KEY ELEMENTS TO A BEAUTIFUL AND BATHROOM?FUNCTIONAL Step out of your comfort zone and create an eye-catching focal point. Use materials that can stand the test of time (even with repeated use by little ones). Be sure there is plenty of storage to hide all the essentials you don’t want anyone to see! Balance out this overtly feminine shade with bold elements that anchor the space and make it welcoming to all. Also, start small if you’re nervous about introducing it on a larger scale. Begin with pieces that don’t feel like a commitment, such as throw cushions, artwork, or a beautiful vase.

1. Golden metal DOORKNOBS. $19 (for two). zarahome.ca | 2. Waffle cotton six-piece BATH TOWEL in pink by Madison Park. $60. bedbathandbeyond. ca | 3. Dreiling two-light dimmable armed SCONCE by Wade Logan. $93. wayfair.ca | Geometric FLAT wave area TOWELS in pink. $95. walmart.ca more design inspiration, visit Candace at themintedmama.com

WHAT ADVICE DO YOU HAVE FOR HOMEOWNERS WHO ARE AFRAID TO USE PINK IN THEIR DESIGN PALETTE?

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DESIGNING

With more than 15 years’ experience as a magazine editor, writer and content creator, Sara brings her passion for design and decor to our pages. Instagram @bysaraduck

Borrowherlook

W hen JaclyndesignerGenovese of Spaces by Jacflash set out to design a nursery for her own baby, she had a clear vision in mind; it had to be tranquil, organic and feel like a haven. “I knew I wanted to design a space for my son that marries both contemporary and traditional pieces to coincide with the rest of my home,” says Genovese, “but it also needed to be a calm place that felt special to me and my baby.” To achieve the look, Genovese chose a neutral palette and combined various textures and natural touches. “I mixed woods, leather, faux shearling, wools, linen, paper and more to create interest and bring warmth and character to the space,” she explains.

With modern elements, organic touches and sentimental pieces, this dreamy nursery comes to life

by SARA DUCK photos JANELLE GOKULE

INSPIRATION | interiors 50 condolife magazine | Sept. 10–Oct. 8, 2022

Smallwonder

In addition to the organic elements that are draped around the room, Genovese incorporated beautiful antique zoo paintings from the 1800s that hang above the crib, a nod to her mother who purchased them at an auction when she worked as a zookeeper for the Toronto Zoo. “The images are very sentimental to me,” says Genovese. “They were in the house that I grew up in, in gold frames, so I refurbished them with wood frames to match the neutral and organic vibe of the nursery.” Of course, when designing a nursery, function must be equal to beauty. So, how did Genovese tackle the challenge? “Functional pieces like a change table/dresser can be boring, but if you customize it by swapping out the hardware, it’s an easy way to elevate the design,” she says.

nexthome.ca 51

Genovese also suggests making sure there is a place for everything and to combine old with new for a unique look. “For my son’s nursery, I combined an antique dresser that I found on Facebook marketplace, a vintage IKEA pendant lamp that I bought on eBay, a wooden side table from my family’s cottage, the vintage zoo photos, along with modern elements such as the crib and modern rocker from West CoastWithKids.”hersavvy shopping skill and keen design eye, all of the elements in the space combine to create a dreamy nursery overflowing with special touches, a perfect place to spend time with her baby. For more design inspiration, visit spacesbyjacflash.com. With more than 15 years’ experience as a magazine editor, writer and content creator, Sara brings her passion for design and decor to our pages. Instagram @bysaraduck

5-STARbathroom

INSPIRATION |

52 condolife magazine | Sept. 10–Oct. 8, 2022

by LOUIS DUNCAN-HE

T here’s a very specific way we feel when inside a luxury five-star bathroom. We’re instantly transported into a meditative state of mind, a place where the stressors and challenges of the day are not welcome. The ask from our homeowners on this project was to design an airy and elegant ensuite that would rival the feeling of a Four Seasons Hotel. Key challenges in the design planning included working with an off-centred and undersized oval window above the vanity, a partition wall that divided the room in half, and a somewhat limited budget due to three additional floors in the renovation plans. Ultimately, by way of the principles of harmony and balance, visual hierarchy, and thoughtful decisions on where to splurge and save, we were able to create an intimate and chic five-star haven for our homeowners. Bathrooms heavily rely on finishes, due to the constraints around space

Award winning Calgary designer Louis Duncan-He, principal of Louis Duncan-He Designs. With his signature West Coast perspective, he creates rich spaces that are relaxed, refined and restorative to the soul. www.louisdhe.com @louis.dhe

Ebbs and flows of designing a Spiff up the feel and appeal of your bathroom design

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and decorative furnishings. As a result, careful thought and consideration needs to be placed around each material being introduced to the space. With such a limited arsenal of design tools, establishing visual hierarchy is critical. Visual hierarchy is simply a way of ensuring the eyes know where to start and finish. Consider a featured article in a magazine (perhaps this one); there is a headline, sub-headline and body text. These components are clearly defined in form, colour or scale, which ultimately help us better appreciate and digest the story. If it were filled with multiple headlines, we wouldn’t know where to look, causing confusion and greatly diminishing its cohesion and impact. This is the same principle applied in designing a well designed room like this ensuite Very early on in the design process, we fell in love over luminous slabs of large format Calacatta gold porcelain tiles. Our original intention was to run them floor-to-ceiling on the main shower, vanity and bathtub walls. However, as our designs came to fruition, it became increasingly clear that we would achieve a far more impactful and cohesive story by limiting it’s usage. As a result, we reduced it’s quantity down to one-third on both the vanity and tub walls, and focused our efforts on fully cladding the feature wall in the glass panelled shower.

Although it may seem counterintuitive, sometimes limiting the use of a special material in certain areas can lead to an elevated sense of appreciation when seen in its full application. Following the principles of visual hierarchy, we chose a natural grey tile in a concrete finish and classic white wall panelling as supporting and foundational elements to the room. By establishing a thoughtful sense of ranking, we not only created a more dynamic and fluid space, but also managed to save drastically on budget, making for very happy homeowners and designers. At my firm LDH Designs, we’ve always placed a huge emphasis on lighting in rooms, but it’s especially important in conjuring up a showstopping bathroom. In a room with a rather narrow set of decorative parameters, lighting is what will take it from good to gorgeous. It’s the frosting to the room and has the power to completely skew the same space in completely different directions. In this space, we used black metal and brushed nickel in our lighting fixtures to conjure a subtle sense of luxury. However, simply switching to gold or brass accents would have skewed the same room in a more traditional direction, amping up the opulence and volume levels. In addition, with our freestanding tub being four in. left of the middle due to plumbing challenges, we cheated the placement of the chandelier above to be centred to the tub, creating the illusion of a fully balanced and centred vignette (designer tip: Light fixtures are an easy way to trick the eye and reset a midpoint).Thelastfew years significantly changed the way we live, travel and where we spend our time. The only thing better than spending the weekend in a boutique hotel bath, is having 24/7 access to one in the comfort of your own home. When my house is feeling hectic and filled with screaming children, there’s nothing more relaxing than the thought of wrapping myself in a bathrobe and losing myself in a serene and lavender scented ensuite retreat. To be able to kick back, relax and let the day melt without the need to step out the door is a five-star experience that certainly hits close to home.

54 condolife magazine | Sept. 10–Oct. 8, 2022

A T RE E FO R EVE RY HER O. Join us in planting 2 million trees along the 401 Highway of Heroes, a tribute to the men and women who fought for Canada in our wars, and a living memorial to the 117,000 who died for freedom. Get involved today: As part of Trees for Life’s Tree Coalition, we are proud to work collaboratively with GrandTrees Climate Solutions.

56 condolife magazine | Sept. 10–Oct. 8, 2022

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developer: AMEXON DEVELOPMENT CORPORATION style: Highrise – 12-acre, master-planned community size: 436 - 1,200 sq. ft. prices from: from the $700,000s features: • 1 Bed, 1 Bed+Den, 2 Bed, 2 Bed+Den, 3 Bed+Den • spacious layouts, terraces/balconies Located in the Bayview Village neighbourhood • Leslie subway station and GO Transit at your door Direct access to the East Don Parkland ravine Central Park Common – a three-acre urban park offering year-round, outdoor event programming • 55,000 sq. ft. of resort-style amenities including coworking space, skating rink, indoor and outdoor saltwater pools, privately operated childrens’ daycare, EV charging stations in all parking areas contact: centralparktoronto.com • (416) 252-3000 location: 1200 Sheppard Avenue East Bristol Place Brampton developer: SOLMAR DEVELOPMENT CORP. style: Highrise size: Starting from 432 sq. ft. features: • Two 48 storey towers on a podium within a landscaped courtyard • 1 bed, 1 bed + den, 2 bed, 3 bed Steps to Go, VIA Rail, and ZUM rapid transit Surrounded by shopping, dining, arts and culture Party room, gym, yoga, lounge, outdoor BBQ & dining area, work stations and more contact: solmar.ca location: 199 Main St N, Brampton, ON L6X 1N2

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developer: THE REMINGTON GROUP style: Highrise size: 515 to 1,688 sq. ft. prices from: From the $600’s features: • 9 Ft and 10 Ft ceilings The towers offer exceptional 1, 2 and 3 bedroom residences with den options and spacious terraces with 2 storey towns Outdoor fitness studio, outdoor dog walk, dog wash station, games room and wet bar, canopied dining with bbq areas and lounge seating Indoor amenities games lounge, dining and party room, state of the are fitness and more contact: downtownmarkham.ca location: Warden + Enterprise Bianca Toronto developer: TRIDEL style: Midrise size: 1200 – 1500 sq. ft. prices from: $1,675,000 features: • Immediate Occupancy South Facing Views Private outdoor spaces Convenient location Lifestyle Amenities – Rooftop Pool, Fitness Centre, Party Room, Smart Home technologies contact: Tridel.com location: Dupont and Howland

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Gallery Towers Markham

CONDO PROFILES

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Central Park North York

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CONDO PROFILES Express 2 Toronto developer: Malibu style: Highrise features: • Junior 1 bed, 1 bed, 1 bed + den, 2 bed, 2 bed + den, 3 bed • Lobby with 24/7 concierge • Pet spa • Fitness room,cross fit training/boxing equipment, separate yoga studio • 7th floor Sky Lounge with water wall, butterfly meadows, loungers, seating • Steps to neighbourhood park & walkway to subway • 6 storey podium with two towers contact: express2condos.ca | 416-703-2202 location: Tippett Road and Wilson Avenue Coming Soon! RetailValue $249.99 Enter our Clean Like a Pro Contest! www.blackanddecker.ca | @blackanddeckerca For full contest details & rules visit the link above. YOU COULD WIN VACUUMPETPOWERSERIESBLACK+DECKERA™™EXTREME™CORDLESSSTICKCLEANER TM • Go to renoanddecor.com/contests • Select this contest within the listing and click Enter to Win. OnlineEnter Order in! Receive your favourite magazines to yourRenoCondoinbox.HOMES,Life,ActiveLife+DecorThe ‘best of the best’ coverage in the categories of new home; new condo; adult lifestyle; design, decor and renovation. To get the latest real estate news, renovation ideas, deals and o ers, sign up to our e-newsletters! THE BEST COLLECTION OF NEW 4 SEASON HOMES in the Georgian Bay area INSIDE LIVING IN THOROLD! Fabulous nexthome.ca myhomepage.ca INSIDE STREAMLINE YOUR HOME NOW!5TIPSliving PRODUCT SHOWCASE: HOME INSPIRATION THEtru To get started nexthome.ca/newslettervisit:

MARKETMAPS.COMCARTOGRAPHY: Match the map numbers with property listings on the following Hot Properties page MAPS 10 22 21 23 6137 13 20 nexthome.ca 59

HOT PROPERTIES Locate properties using the map on the previous page MAPS BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA + 1. Etobicoke Mirabella HR 1926 Lake Shore Blvd. W. mirabellacondos.ca 2. Etobicoke Westerly HR Islington & Dundas tridel.com 3. Etobicoke Curio Condos MR 801 The Queensway marlinspring.com 4. Etobicoke Humberwood Heights CTH/FTH 50 Humberwood Blvd. tributecommunities.com 5. Etobicoke Cypress at Pinnacle Etobicoke HR 5475 Dundas St. W. pinnacleinternational.ca 6. Etobicoke Verge MR Islington & The Queensway vergecondos.com 7. Etobicoke 36 Zorra Condominiums MR 36 Zorra altreedevelopments.com 8. Markham/Unionville Panda Markham HR 8200 Warden Ave. lifetimedevelopments.com 9. Markham/Unionville Varley Condo Residences LR 20 Fred Varley tributecommunities.com 10. Markham Canvas on the Rouge MR Donald Cousens Pkwy & Ninth Line flatogroup.com 11. Markham Gallery Towers at Downtown Markahm HR 162 Enterprise Blvd. downtownmarkham.ca 12. Mississauga Harbourwalk at Lakeview HR 1260 Lakeshore Rd. East tridel.com 13. Mississauga Perla Towers and Amber at Pinnacle Uptown HR 5044 Hurontario St. pinnacleinternational.ca 14. Mississauga Oro, at Edge Towers HR 24 Elm Dr.W. solmar.ca 15. Mississauga Artform Condos MR 86 Dundas St. E. artformbyemblemdevelopments.com 16. Mississauga Gemma at Pinnacle Uptown HR 5044 Hurontario St. pinnacleuptown.com 17. North York Express 2 MR Tippett Rd./Wilson subway express2condos.ca 18. North York Central Park HR Sheppard Ave. East & Leslie St. amexon.com 19. North York The Diamond HR 5336 Yonge St. diamond.diamantedevelopment.com 20. Oshawa U.C. Condos Tower 3 HR Simcoe St. N. & Winchester Rd. W. tributecommunities.com 21. Pickering Vupoint HR Kingston Rd. & Liverpool Rd. tributecommunities.com 22. Scarborough Pinnnacle Toronto East HR 3260 Sheppard Ave. E. pinnacleinternational.ca 23. Scarborough FourMe HR Markham Rd. & Ellesmere fourmecondos.com 24. Toronto 111 River St. Condos HR 111 River St. lifetimedevelopments.com 25. Toronto Lawrence Hill Urban Towns CTH Don Mills & Lawrence lawrencehillurbantowns.com 26. Toronto 489 Wellington St. W. HR 489 Wellington St. W. lifetimedevelopments.com 27. Toronto 500 Dupont St. MR 500 Dupont St. lifetimedevelopments.com 28. Toronto Aqualuna at Bayside HR 200 Queens Quay East tridel.com 29. Toronto Artistry Condos HR 292 Dundas St. W. tributeartistrycondos.ca 30. Toronto Panda Condos HR Yonge & Dundas. lifetimedevelopments.com 31. Toronto Skytower at Pinnacle One Yonge HR 1 Yonge St. pinnacleinternational.ca 32. Toronto The Prestige at Pinnacle One Yonge HR 1 Yonge St. pinnacleinternational.ca 33. Toronto Tridel at the Well MR/HR Spadina Ave. & Wellington St. thewelltoronto.com 34. Toronto Via Bloor HR Bloor & Parliament. tridel.com 35. Toronto The PJ Condos HR 283 Adelaide St. W. pinnacleinternational.ca 36. Toronto 36 Eglinton Ave. W. HR 36 Eglinton Ave. W. lifetimedevelopments.com 37. Toronto Linx Condominiums HR Danforth & Main tributecommunicties.com 38. Toronto Y&S Condos HR 2161 Yonge St. tributecommunities.com 39. Toronto Burke Condos HR Bloor & Sherbourne burkebyconcert.com 40. Toronto MRKT Alexandra Park MR HR Dundas & Spadina tridel.com 41. Toronto 181 East HR 181 Sheppard Ave. East stafford.ca 42. Toronto Avenue & Park MR Avenue Rd. & Bedford stafford.ca 43. Toronto 50 at Wellesley Station HR 50 Wellesley St. East pureplaza.com 44. Toronto No. 1 Yorkville HR 1 Yorkville Ave. pureplaza.com 45. Toronto Theatre District Residences HR Adelaide & Widmer pureplaza.com 46. Toronto Bijou on Bloor MR 2450 Bloor St. West pureplaza.com 47. Toronto The Briar on Avenue CTH 368 Briar Hill Ave. pureplaza.com 48. Toronto One Seventy HR Spadina & Queen St. West pureplaza.com 49. Toronto King West & Charlotte HR King St. West & Charlotte pureplaza.com 50. Toronto Forest Hill Private Residences MR 2 Forest Hill Rd. foresthillresidences.com 51. Toronto Oscar Residences MR 500 Dupont St. W. at Bathurst oscarresidences.com 52. Toronto Whitehaus HR Yonge & Eglinton lifetimedevelopments.com 53. Toronto Liberty Market Tower HR 171 East Liberty St. lifetimedevelopments.com 54. Toronto XO Condos MR King & Dufferin lifetimedevelopments.com 55. Toronto The Georgian MR Gerrard & Parliament stafford.ca 56. Toronto The Dupont MR Dupont & Ossington tridel.com 57. Toronto Bianca Condos MR 420 Dupont St tridel.com 58. Toronto 225 Jarvis Street Condos HR Dundas St. East & Jarvis amexon.com 59. Toronto LeftBank HR River St. & Dundas St. East broccolini.com 60. Toronto The Residences of Central Park HR Sheppard Ave. East & Leslie centralparktoronto.com 61. Toronto The Dawes at Main Street HR Danforth & Main St. thedawes.com 62. Toronto Queen Church Condos HR 60 Queen St. East. queenchurch.com 63. Vaughan Park Avenue Place 1 & 2 HR Jane St. & Rutherford Rd. solmar.ca 64. Vaughan The Vincent MR Jane St. & Hwy. 7 thevincent.ca 65. Vaughan The Rose Hill Condos MR 177 Woodbridge Ave. truecondos.com/capital-north-communities 66. Vaughan SXSW Condos HR Islington & Steeles primonthomes.com The latest properties in the Greater Toronto Area to keep your eye on FIND YOUR NEXT HOME MAP LOCATION SITE TYPE ADDRESS CONTACT Legend: HR = High Rise CTH = City Home MR = Mid Rise LO = Loft LR = Low Rise LW= Live Work PH = Penthouse RH = Row Home TH = Townhouse 60 condolife magazine | Sept. 10–Oct. 8, 2022

HOT PROPERTIES | OUT OF TOWN The latest properties in the Out of Town Area to keep your eye on FIND YOUR NEXT HOME MARKETMAPS.COMCARTOGRAPHY: N w A V N W WW G A H M W d D W C W R b n D w D d A D W M d W A g DS M d MQuayBvd mcoeSS Ontao StevensonRdN LakeDrwy W PGbbonSSomvleSthllipMurr yA e Wilmot Tr A holSt E QueenS ThconRd Rog SDvdSt WalisD QuenSt MainS HarwoodAveN Manvers/sugogTownlneRd NMonaghanPky VuamRdN ScugogLine2CoatsRdW Chand erDr BckRd Mas odRd PalestineRd LindenV l yRd Ram eyRd RamseyRd KlarneyBayRd RerRd Ba yduffRd HawahaLine LndsayStS ScugogSt AngelineStS ConcessionStE King St E ConcessionRoad8 VerulamRdS WoodvilleRd ConlinRdE ThunderBridgeRd Edgerton Rd HgunSarbourRdHoltRd BethesdaRd Marsh Rd HamionRd 7thLine k ColumbusRdW Howden RdE CottageRd Solanum Way MtPleasantRd OakHill Rd BethelGroveRd PaudashSt StewartLine LarmerLineEnnisRd TaraRd TaraRd BaseLine CavanRdHotRdFleetwood Rd LiffordRdTelecomRd PeaceRd MeadowviewRd 8thLine 7thLine Sherbrooke St LansdowneStW ParkhillRdW ParkStN Olive Ave AdelaideAve E RitsonRdS ArmouRd ChemongRd nAdersonSt WilsonRdNGardenSt on Rd GarrardRd ConcessionRoad 6 Peterborough Byps CountryLn Dundas St EneRavscroftRd BrockStS GibbSt YoungsPointRd HilliardSt AngelineStN BaldwinSNBrockStN ConcessionRoad 7 MainSt Concession Road 4 SalemRd ColborneSt W Baseline Rd TrullsRd OldScugogRd h TownlineRdN WaveryRd RobinsonRd FifesBayRd AshburnhamDr TransCanada Hwy Victoria St W CourticeRd FrankHillRd BensfortRd KingSt Concession Road 10 JohnSt MillStS Concession Road 1 MatchettLine TelevisionRdLongBeachRdGolfCourse Rd leCentrneRd 6thLineOntarioSt KingSt McGillDr ConcessionRoad3 WardSt LakeeldRd ncession 4 brock CraggRdMyrtleRdW MapleGroveRd JanetvilleRd CedarGlenRd EmilyParkRdTapleyQuarterLine dEenberryLine Concession Road 5 VimyRidgeRd Old TNorwoodRdelephoneRdoncession 3 brock TownLine RdBrawleyRdW MacDonald cartier Fwy Trans CanadaHwy Trans Canada Hwy SimcoeS SimcoeS SimcoeSt SimcoeSt SeocmiStN GanaraskaRd King St E RtsonRdN Taunton Rd LakerdgeRd geRd ThorntonRdN LbertyStN Pigeon LakeRd Elm Tree Rd ElmTreeRd DaleRd DaleRd Lakeshore Rd EldonRd EldonRd Little Britain Rd HeightsRd HeightsRd OldSimcoeRd HarmonyRdN OldScugogRd OakRidgesDr Nash Rd YankeeLine hnrBuamStN WallacePointRd CambrayRd SturgeonRdGlenarmRdSalemRd AshburnRd 5th Line dRdnals BloorSt SkiHillRd PorterRd 4thLine BuckhornRd WhiteRockRd BoundaryRd Mt Horeb Rd 7thLine DrummondLine LornevilleRd SewynRd Peniel Rd OpmarRd PostRd DivisionKRdeeneRd 401 115 35 35 7 7 7 7 7A 7A 12 2 2 2 35 36 28 28 46 7 7 7 DunsfordPontypoolNewcastleSunderland Nestleton Station Ennismore Courtice Blackstock Bethany Hiawatha First Nation 36 Seagrave Janetville Bailieboro Cannington Mississauga's Of Scugog Island Douro-DummerLakefield Ashburn Newtonville Lindsay Omemee Cavan-Millbrook-NorthFraserville Monaghan Brooklin Kendal Douro BridgenorthCurveLake Curve Lake First Nation 35 CavanCaesareaCameron Gores Landing Woodville Millbrook Port Perry Sturgeon Point Cambray Hampton Campbellcroft Manilla Reaboro Youngs Point Bewdley Bowmanville Greenwood Haydon Orono OakwoodLittleBritain Greenbank Hamilton TwpSmith-Ennismore-LakefieldPortHopeBrockScugog Peterborough Ajax OshawaKawarthaClaringtonLakesWhitby nexthome.ca 61

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA 11 Hamilton Milton Guelph KitchenerWaterloo CambridgeBrantford KITCHENER–WATERLOO London LONDON 1 145 15 4 1013 11 13 12 62 condolife magazine | Sept. 10–Oct. 8, 2022

HOT PROPERTIES 1. Ancaster Meadowlands MR/CTH 559 Garner Rd E elitemdgroup.com 2. Brampton DUO Condos HR Malta Ave. & Steeles Ave. duocondos.ca 3. Brampton Bristol Place HR 199 Main St. North solmar.ca 4. Brantford Station Sixty Lofts MR 60 Market St. S. elitemdgroup.com 5. Burlington Affinity Condos MR Plains Rd. E. & Filmandale Rd. rosehavenhomes.com 6. Burlington Millcroft Towns CTH Appleby Line & Taywood Dr. branthavenmillcroft.com 7. Burlington Gallery Condos & Lofts HR Brant St. & James St. gallerycondominiums.ca 8. Fonthill One Twenty Condos LR Rice Rd. & Highway 20 mountainview.com 9. Fonthill One Fonthill Condominium Collection MR Rice Rd onefonthillcondos.com 10. Grimsby Century Condos HR Main St. East & Baker St. South. desantishomes.com 11. Hamilton 1 Jarvis HR 1 Jarvis 1jarvis.com 12. Hamilton The Design District HR 41 Wilson Street emblemdevcorp.com 13. Hamilton KiWi Condos HR 212 King William St. kiwicondos.com 14. Hamilton Steeltown City Co. MR/CTH Fennell Ave. E. & Upper Ottawa St. elitemdgroup.com 15. London White Oaks Urban Towns CTH London elitemdgroup.com 16. Niagara Region Lusso Urban Towns CTH Martindale Rd. & Grapeview Dr. lucchettahomes.com 17. Oakville The Greenwich Condos at Oakvillage MR Trafalgar Rd. & Dundas branthaven.com 18. Oakville Synergy MR McCraney St. E. & Sixth Line branthaven.com 19. Oakville The Randall Residences MR Randall St. & Lakeshore Rd. E. randallresidences.com 20. Oakville Upper West Side at Oakvillage MR 351 Dundas St. E. upperwestsidecondos.ca 21. Oakville Greenwich Condos at Oakvilage HR Trafalgar Rd. & Dundas St. branthaven.com 22. St. Catharines St. Kitt Urban Towns CTH Oakdale Avenue & Merritt Street st.kittsurbantowns.com 23. Stoney Creek Casa Di Torre MR 980 Queenston Rd. branthaven.com The latest properties in the Southwestern Ontario Area to keep your eye on FIND YOUR NEXT HOME MAP LOCATION SITE TYPE ADDRESS CONTACT Legend: HR = High Rise CTH = City Home MR = Mid Rise LO = Loft LR = Low Rise LW= Live Work PH = Penthouse RH = Row Home TH = Townhouse Locate properties using the map on the previous page MAPS BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA + 64 condolife magazine | Sept. 10–Oct. 8, 2022

Enter WinSign-UpourtoContest!BLACK+DECKER™20VMAX*LITHIUMIONDRILL/DRIVER+68PIECEPROJECTKIT™ www.blackanddecker.ca | @blackanddeckerca PrizeBLACK+DECKER™Value:$149.99 • Go to renoanddecor.com/contests or scan the QR • Select this contest within the listing and click Enter to Win. For full contest details & rules visit the link above. OnlineEnter ADVERTISER INDEX — Find ads easily inside this edition Bianca – Tridel 56 Black & Decker 57, 65 Brand Factory 14 Bristol Place – Solmar 3, 56 Central Park – Amexon 56, 68 Channel 13 15 Dot Home Décor 2 Express 2 – Malibu 9, 57 Fall Home Show 67 Gallery Towers – Remington Group 5, 56 Harbourwalk – Tridel Insert between 2 & 3 Highway of Heroes 55 McOuat 16 Montana Steele 17 Ready Set Reno 4 BUILDERS Amexon 56, 68 Malibu 9, 57 Remington Group 5, 56 Solmar 3, 56 Tridel Insert between 2 & 3, 56 nexthome.ca 65

HOUSING INDUSTRY RELEASES

WILKESDAVE

For context, building 1.5 million new homes in a decade will require increasing the number of annual housing starts in Ontario by 50 per cent over the highest number we have been able to achieve since 1987 – approximately 100,000 in 2021 – and maintaining that level for 10 years. According to SPI, the need for homes will be greatest in the GTA, with Peel Region needing to build 277,000 new homes, Toronto 259,000, and York 180,100. To help support these ambitious targets, last month, the Building Industry and Land Development Association and the Ontario Home

3. Making new lands available to build new housing and support future growth, as home supply and costs are highly dependent on land availability.

FIVE-POINT PLAN TO ADDRESS SUPPLY AND AFFORDABILITY

5. Taking the politics out of planning to ensure that local decisionmaking does not undermine the provision of new housing. These recommendations would help speed up the delivery of new homes, reduce the costs incurred by individual new homeowners and ensure that new communities have the infrastructure they need to support growth.

We know what we need to do to address the issue of housing supply and affordability in Ontario and in the GTA. Every year we delay making the necessary changes simply adds to the challenges we will face in the future. Now is the time for bold, concerted action on housing. In the lead-up to the municipal election on Oct. 24, all residents of Ontario, especially those in the GTA, need to ask their candidates how they will champion concrete steps to address the housing challenge.

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.

ADVICE | INDUSTRY REPORT

Builders’ Association released a five-point plan for consideration by the provincial and municipal governments. The priorities in the plan were based on the recommendations of HATF and forward-thinking initiatives intended to lower housing costs and increase housing supply and bring balance to the housing market. The five points were:

The target of 1.5 million new homes was set out in the report of Ontario’s Housing Affordability Task Force (HATF) in February, and was confirmed in a report by Smart Prosperity Institute (SPI) in August.

2. Adding certainty to the cost of building a new home by addressing out-of-control development fees. Fees and taxes from all levels of government account for up to 25 per cent of the cost of a new home.

Experts, the industry and governments all agree that Ontario’s current housing crisis, centred on the GTA, is firmly rooted in insufficient housing supply. To address the issue, Ontario will need to build many more new homes over the next 10 years –1.5 million more new homes, to be precise. Building that number of new homes in a decade is a monumental challenge. That’s why Ontario’s homebuilding industry recently released a five-point plan to advise governments on how to get there.

66 condolife magazine | Sept. 10–Oct. 8, 2022

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4. Laying the istransportationbygroundworkinfrastructureforfuturegrowthensuringservicingandinfrastructureprioritized.

1. Making homes more affordable by speeding up approval times and eliminating red tape. Each month of delay in approvals adds thousands of dollars to the cost of a new home.

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

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Learn From the Experts! Don’t miss your favourite celebrities, including HGTV Canada’s Scott McGillivray and more at the Fall Home Show this year! Get Hands On! Tired of the clutter in your home and workshop? Stop by the DIY Centre nd some storage and organizational DIY projects you can easily tackle. Create Posh Pumpkins! Looking for an easy yet eyecatching fall DIY project? Visit our Posh Pumpkin Patch and learn to make these GOURD-geous creations. For more information

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