New Home & Condo Guide GTA - Sept. 28, 2019 by NextHome

Greater Toronto Area Sept. 28â&#x20AC;&#x201C;Oct. 12, 2019

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

INSIDE:

TOP 10 THINGS TO CONSIDER BEFORE YOU BUY A CONDO

THE LATEST NEWS AND OPENINGS AROUND THE GTA

CONNECTED LIVING, STEPS FROM VAUGHAN METROPOLITAN CENTRE SUBWAY STATION.

BE MOVED. Introducing Mobilio – a new neighbourhood in Vaughan Metropolitan Centre, offering condominiums and townhomes. Set along a pedestrian-friendly street, the Casa Collection of townhomes blends modern architecture and smart living spaces with premium features such as Italian-inspired cabinetry and stainless steel appliances. Private balconies and rooftop decks make the most of sunlit days and starry nights. Enjoy living steps from transit, exciting shops and restaurants and beautiful parks, in the heart of a growing masterplanned community by acclaimed developer Menkes.

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

NOW PREVIEWING

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

THE MENKES STORE

THE MENKES CONDO GALLERY

MON TO THUR 12PM – 6PM SAT & SUN 12PM – 5PM FRIDAY CLOSED

110 HARBOUR ST. UNIT 106

4954 YONGE ST.

accessible via 416.730.1600

416.323.0100

@MENKESLIFE | MENKES.COM See sales representative for details. Illustrations are artist’s concept only. E.&O.E.

CONNECTED LIVING IN VAUGHAN METROPOLITAN CENTRE

PATH-CONNECTED WATERFRONT RESIDENCES

Mobilio Condominiums & Towns

Sugar Wharf Menkes Store Now Open

Now Previewing

CHURCH & SHUTER

YONGE & EGLINTON

DUNDAS E. & JARVIS

Fleur Under Construction Move In Next Year From the Mid $700’s

The Eglinton Completed Move In Now From $1.3 Million

in.DE Under Construction Now Previewing From the Mid $600’s

COMING THIS FALL TO THE HEART OF EAST HAMILTON

URBAN TOWNS

$ from the

300’s

Live in a modern 3-storey town or back-to-back in the heart of east Hamilton. Minutes away from shops, cafes and restaurants, and conveniently situated close to public transit and highway access— register today to become a part of this exclusive community!

4 MIN.

5 MIN.

10 MIN.

12 MIN.

TO QEW NIAGARA OR TORONTO

TO REDHILL VALLEY PARKWAY

TO HIGHWAY 407

TO HAMILTON GO CENTRE

LosaniHomes.com

BEAMSVILLE | BRANTFORD | CALEDONIA | HAMILTON | PARIS

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

N PE O W O N

Brilliantly Bloor Steps away from Jane Station, the Bijou dazzles brilliantly above the charming shops of Bloor West Village, perfectly embodying the intersection of sleek design and old world opulence. With large suites, stunning interiors, private terraces, and an array of exceptional amenities to elevate your day-to-day, at the Bijou, there truly is no place like home.

Presentation centre now open at 2450 Bloor Street West.

Live. Eat. Shop. Work. Play. Tridel introduces Condominium Living at The Well — a bold reflection of Toronto’s energy and diversity, and an extension of vibrant King West. This astounding development includes condominiums, retail, offices, and rentals at Front and Spadina.

VISIT THE PRESENTATION CENTRE AT 4800 DUFFERIN STREET. TRIDEL.COM

CONTRIBUTORS

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

chief revenue officer

Jacky Hill jacky.hill@nexthome.ca eDiTor-in-chief

Susan Legge susan.legge@nexthome.ca ArT DirecTor

Tammy Leung conTribuTing eDiTors

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

Sara Duck Marlene Eisner Amanda Pereira senior meDiA consulTAnTs

Jessica Wilson 416.873.1049 jessica.wilson@nexthome.ca Natalie Chin 416.881.4288 natalie.chin@nexthome.ca sAles & mArkeTing co-orDinATors

condo pro | barbara laWlor Barbara Lawlor is president and CEO of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in Canada and overseas.

Gary Chilvers Sarah Khan distribution

distributionteam@nexthome.ca AccounTing inquiries

accountingteam@nexthome.ca DirecTor of PrinT meDiA

Lauren Reid–Sachs grAPhic Designer & AssisTAnT mAnAger

Alicesa Pullan grAPhic Designer & Pre-Press coorDinATor

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

Hannah Yarkony grAPhic Designers

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

nexthome.ca

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

Advertising call 1.866.532.2588 for rates and information. fax: 1.888.861.5038 Circulation highly targeted, free distribution system aimed at real estate buyers using street level boxes and racking. call 1.866.532.2588 to discuss distribution opportunities. Copyright Notice 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. contents of this publication, in hard copy format as well as online, are covered by copyright law, and offenders will be prosecuted. Copyright 2019 All rights reserved. reproduction, storage in a retrieval system or transmission, in any form or by any means, whether electronic, mechanical or otherwise, in whole or in part, without prior written permission of nexthome is strictly prohibited. Terms Advertisers, editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time. Editorial submissions from interested parties will be considered. Please submit to the editor at editorial@nexthome.ca.

8 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

EDITOR’S NOTE

PROMISED LAND

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

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A comprehensive report published last week by PwC Canada and the Urban Land Institute (ULI) says the focus of real estate in 2020 is on “beds and sheds” — mid-priced apartments, transit-oriented development, and ‘warehousing and fulfillment’ facilities. It’s not a surprise that warehousing and fulfillment facilities, such as what Amazon has built in Bolton, are needed. Demand for same-day e-commerce deliveries continues to increase, but on the residential side, the need for mid-priced housing is nothing new. In fact, it‘s old news. The challenge continues to be a lack of innovative solutions, says Richard Joy, executive director, Urban Land Institute (ULI) Toronto in a press release. “There is a better way to achieve a responsible use of land that addresses affordability concerns, and it’s not from current attempts, like the stress test, to temper demand,” says Joy. “We need innovative solutions for supply constraints and city building issues. I expect the real estate industry will be waiting to see how future developments will be impacted after Canadians go to the polls in October.” The Canadian Home Builders’ Association (CHBA) has been monitoring political parties as they announce platform measures to improve housing affordability. One announcement it identified from the Conservative Party is the new measures it would introduce to make it easier for first-time homebuyers to purchase a home, many of which CHBA has been recommending. “Measures such as fixing the mortgage stress test and increasing amortization periods on insured mortgages to 30 years for firsttime homebuyers, and making use of federal lands to increase housing supply are recommendations that CHBA has asked every federal party to adopt,” says CHBA CEO Kevin Lee. “We are glad to see that parties are listening.” CHBA also championed the New Democratic Party’s promise to reintroduce 30-year term mortgages for entry-level homes for first-time buyers, as well as the Liberal Party’s First-Time Home Buyer Incentive. It noted that shared equity mortgages are “appropriate for some as a complement to mortgage rule adjustments, modifying the stress test smartly and providing 30-year amortizations for well-qualified first-time buyers are the best approaches to unlock the door to homeownership without causing undue risk to the financial system.” The latest platform promises involving housing affordability can be found on CHBA’s website, affordability.ca

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10 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

Feel “ Home At Last®” in one of these fabulous communities Yonge Street Uptown Living Opening this October! Register now for the VIP opening.

Luxury is elevated to new levels at Eleven Altamont where Heathwood Homes is crafting a stunning collection of 3-bedroom plus town residences. Modern architecture. Spacious rooftop terraces. Flexible, family-sized floor plans to suit your lifestyle. Ultimate features and finishes. All coming soon to the heart of North York, steps from fine dining, superb shopping, and the subway at Yonge & Finch.

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

Wallaceton - The Tradition Continues

Discover the Upcountry collection at Whitby’s best location Model Homes Now Open!

Model Homes Opening Soon!

Visit Wallaceton for a look at our amazing selection of luxurious family homes. Each is fully loaded with luxury features, including lower levels with 9’ ceilings. All just steps from parks, schools, shopping, recreation and more.

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

Whitby’s best new home community, Country Lane. Offering unprecedented value to today’s new home buyer, including luxury features and upgrades, included in the standard purchase price.

HEATHWOOD.COM Prices and specifications are subject to change without notice. E. & O. E. Renderings are artist’s concept.

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

Sept. 28–Oct. 12, 2019 | vOlume 28, iSSue 18

Contents

Cover Story

Daniels & Baif CONNECTED URBAN LIVING MEETS ‘THE THORNHILL’ ON SALE THIS FALL 12 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

36 Questions & Answers A Q&A with Dan Menchions on the amenities and designs at Greenland’s Lakeside community

42 condo pro Top 10 things to consider when buying a new condo by bARbARA lAWlOR

#BeyondtheCity 52

losani homes Three exciting new releases from in three terrific locations

inspiration Fashion retailer Simons brings its online artisanal market to life with a pop-up shop by SARA DucK

In every Issue

contributors

hot properties GtA

54 Glossary

40 Property profiles 28

Kaneff Keystone Condominium brings a higher standard of living to Mississauga

bilD Report

59 hot properties SWO 63 index of Advertisers 66 What’s Online

The Local Planning Appeal Tribunal is necessary to ensure good planning decisions by DAve WilKeS

24 Stat chat Should condo investors be worried about the rental apartment construction boom? by ben myeRS

30 legally Speaking 32

lindvest When it comes to homebuilding, this builder has decided it’s ‘Doing it Differently”

40 tridel Tridel launches Classic Series II, the third and final residential condominium at The Well

The importance of reviewing the Status Certificate when buying a condominium unit by JAySOn SchWARz

#InsidetheGTA 14

#insidetheGtA The latest news, numbers, trends and events by SuSAn leGGe nexthome.ca 13

#InsidetheGTA by SUSAN LEGGE

GTA

on SEPT. 7, oFFiCiALS JoinED MiSSiSSAuGA MAyoR BonniE CRoMBiE (top left), the development team and the Port Credit community at the J.C. Saddington Park for a celebration of the official planning approvals for Brightwater. This new mixed-use 72-acre development on the shores of Lake Ontario will ultimately be home to nearly 6,500 residents. Located at Lake Shore Road West and Mississauga Road South, the plan includes more than 2,500 condo suites and over 400 townhomes; affordable housing and rental units; over 18 acres of interconnected public parks and open spaces; and more than 300,000 square feet of shops, restaurants, offices and services. The event was an opportunity see the plans (top right) and meet with the Brightwater team, which includes Kilmer Group, DiamondCorp, Dream Unlimited Corp. and FRAM+Slokker. Visit experiencebrightwater.ca to register.

The Meadoway is bringing nature back into city living by transforming 16 km of hydro corridor lands in Scarborough into an urban greenspace, meadowlands and a trail system that will connect downtown Toronto and the Rouge National Urban Park. On Sept. 22, the Toronto and Region Conservation Authority (TRCA) held an event that gave visitors a peek at the potential of this community-powered greenspace. Check out the plan for the project and find out about future events by visiting themeadoway.ca

14 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

PHOTO CREDIT: TORONTO AND REGION CONSERVATION AUTHORITY

Planned trail system connects Scarborough to downtown

DiD you know?

This year’s Fall Home Show (Oct. 4-6) will feature The Tiny Village, featuring five unique structures to showcase the best of laneway homes, tiny builds and even a luxury trailer.

Allied and Westbank unveil penthouses at KING Toronto Over 3,000 people attended the kick-off event of Allied and Westbank’s three-day exhibition, which included the unveiling of eight extraordinary penthouses at KING Toronto in the King West area of Toronto. The exhibition, entitled Living on a Mountaintop, included a display of all eight generations of the Porsche 911, beginning with the first model from 1963 through to the latest model. KING Toronto was designed by globally renowned architecture firm, BIG (Bjarke Ingels Group), and has become an architectural phenomenon that has captured the city’s imagination. The penthouses are the last homes to be released, and each has been custom designed by BIG to reflect a distinct theme

River & Fifth opens to registrants

Riz Dhanji (left), president of RAD Marketing; and Michael Braun, Westbank, director of marketing

informed by the north, south, west or east mountaintops on which they are set. Most recently, the KING Toronto site played host to the BIG-designed Serpentine Pavilion and drew more than 100,000 visitors. For more info, visit kingtoronto.com

New Home + Condo Guide checked out Broccolini’s new River & Fifth presentation centre at 91 River Street. Nestled between Riverside and Corktown, the community is a must-see and the sales office includes kitchen and bath vignettes as well as a model of the façade, which was designed by Graziani + Corazza Architects.

MIKEY Network partners with TCDSB All 202 schools and various facilities of the Toronto Catholic District School Board now have defibrillators installed thanks to a partnership with the MIKEY Network. Established by Heathwood Homes and Herity in memory of a colleague, Michael Salem, who died of cardiac arrest in 2002, the Network promotes heart-healthy living and places public access defibrillators, called Mikeys, in as many areas as possible. “We are delighted to partner with the Toronto Catholic District School Board on their

installation of potentially life saving defibrillators. As a not-for-profit organization, we’re committed to teaching people how to use defibrillators and how to lead a heart-healthy lifestyle. Over the

years we have trained over 13,400 in CPR and AED, and to date, have 43 recorded saves, eight of whom are under 18 years of age, and that is very gratifying,” says MIKEY Network Chairman, Hugh Heron. (L-R) MIKEY Network’s Eva Naumovski; Chairman Hugh Heron; TCDSB Trustee Michael Del Grande; TCDSB Associate Director of Business Services & CFO Lloyd Norongha; Khaled Elgharbawy; Stacey Coray; Veronica Olmedo; Yoliana Azer, Superintendent Peter Aguiar.

nexthome.ca 15

ADVICE | bIlD rEport

LPAT is necessAry to ensure good PLAnning decisions

Dave Wilkes

If you follow development and building in Ontario, you will be familiar with the Local Planning Appeal Tribunal (LPAT) and its predecessor the Ontario Municipal Board (OMB). LPAT adjudicates disputes on the decisions of municipal councils as they relate to the Planning Act. Opponents of development often label LPAT as biased in favour of developers. These critics erroneously believe that the decisions of local councils 16 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

should have primacy over Ontario policy and legislation. What often goes unmentioned are the countless decisions by LPAT that have resulted in new housing developments benefiting those in need. As the provincial government prepares to introduce changes to streamline and expedite the LPAT process, it is useful to remind ourselves of some of these decisions. Thanks to LPAT, Habitat for Humanity was able to build nine affordable housing units at 357 Birchmount Road in Toronto, despite opposition from the local councillor and residents. Housing for over 1,700 students

will be added to the University of Toronto and the University of Guelph after resolution of appeals to the LPAT, in one case due to municipal non-decision and municipal opposition in the other. When the City of Toronto was unable to reach a decision within the prescribed timeframes, LPAT allowed the building of 1,000 purpose-built rental units near transit in the High Park neighbourhood of Toronto. A housing project for the elderly on vacant TDSB property got the go-ahead from LPAT after the city failed to make a decision, resulting in a continuum of care facility with …continued on page 18

TWO TRUSTED BUILDERS. ONE OUTSTANDING COMMUNITY

S E C L U D E D

E N C L A V E

O F

29 LUXURY HOMES INTRODUCING OUR NEW BUNGALOW SEMIS & BUNGALOFT SINGLES

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19 Savanna Court, Whitby ON L1R 0N4 Pat Dyck - M: 905-436-5742 Roxanne Meek - M: 905-767-7881 Sales Representative patdyck@royallepage.ca roxannemeek@royallepage.ca Royal LePage Frank Real Estate Brokerage

DELTA-RAE HOMES SALES CENTRE Taunton and Thickson Whitby, ON L1R 3L6 Access from Thickson Road Christa Fleury- M: (416) 230-9178 Sales Representative christa@delta-rae.com

Monday – Thursday 4:00 – 6:00 pm | Saturday – Sunday 12:00 – 4:00 pm | Or By Appointment | Closed Fridays & Holidays

NATUR A BY THEF ORES T.COM

“

When the City of Toronto was unable to reach a decision within the prescribed timeframes, LPAT allowed the building of 1,000 purpose-built rental units near transit in the High Park neighbourhood of Toronto.

”

…continued from page 16

172 beds, a 172-bed facility funded by the Ministry of Long Term Care, and 49 independent seniors’ apartments. In Hamilton, LPAT approved a residential care facility for adolescent girls with mental health challenges following the intervention of the Ontario Human Rights Commission over objections from the City citing by-law concerns. These are simply some of the numerous decisions that have been made by LPAT and the OMB that have resulted in development that would not have occurred in their absence. These decisions have benefited seniors, students, people with disabilities, and those needing rental housing in a city with a housing shortage. Municipalities in Ontario are creatures of the Province. Their powers and their framework for planning and development are defined through provincial 18 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

legislation. When a group feels a municipal development decision runs counter to provincial policy or legislation, the case can be brought to LPAT, which derives its own authority from 10, or more, pieces of provincial legislation. If municipal councillors and local residents do not want to have their planning decisions challenged by LPAT, then they must ensure those planning decisions conform to provincial requirements and precedent. This onus falls equally on builders and developers. The province has rightly recognized the significance of an impartial, unbiased tribunal whose purpose is to uphold provincial planning objectives and good planning. Through Bill 108, More Homes, More Choice Act, the province reinforces the notion that an effective and efficient tribunal is an absolute necessity to ensure that planning conforms to provincial policy and regulations and that the planning process is free of

political interference. Recently the Provincial Government announced changes to LPAT to enhance the effectiveness and speed by which the body adjudicates disputes. These positive changes will increase LPAT resources, streamline the appeals and ensure that decisions are made on the latest and best possible information. Undoubtedly, these are positive steps to increase supply of housing and affordability for Ontarians.

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

+more AdVice online nexthome.ca/news/advice

Cover Story

CONNECTED URBAN LIVING in Thornhill Legacy builders, The Daniels Corporation and Baif Developments are proud to introduce The Thornhill — a vibrant, master-planned community, on sale this fall. The Thornhill will offer exciting homeownership opportunities for those who recognize outstanding value when they see it. Located within the heart of Vaughan’s most coveted neighbourhood, The Thornhill will go on sale with the first residence in this phenomenal four-condominium community on the northwest corner of Bathurst Street and Beverley Glen Boulevard. With prices beginning 20 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

from the high-$300,000s and suite sizes ranging from one- to threebedroom designs, The Thornhill will provide something for every kind of homeowner. Connectivity is truly at the heart of The Thornhill! Situated adjacent to the VIVA Rapid Transit line and with a local transit bus stop at the doorstep, residents will find commuting and getting around the city a breeze. Within a few minutes’ walk, they will be able to access an abundance of shops, restaurants, schools, parks and services in this central Thornhill locale. The Promenade Mall, Upland Golf & Ski Club, Bathurst

Clark Library and Rosemount Community Centre are also close by. To top it all, the arrival of this community will bring approximately 6,000 square feet of new commercial retail along Bathurst Street. Lifestyle was top of mind when designing the amenities at The Thornhill. Residents will get down to business in the co-working space with a private meeting room, work out at the fullyequipped fitness room or the volleyball-court size gymnasium, and come together in the party room with catering kitchen on the 7th floor. It continues with a ultra-

All illustrations are artist’s concept. E.& O. E.

chic lobby, a spacious outdoor terrace, and a family play area to let little ones run wild. This fall, the first residence to go on sale will rise to 25 storeys and encompass 308 suites in sizes ranging between 533 to 1,488 square feet. With suites starting from the high-$300s, this is a prime opportunity to become part of an established neighbourhood where you can live, work and play! The Daniels Corporation is one of Canada’s preeminent builders/ developers, building more than 30,000 new homes across the Greater Toronto Area for over 35 years. Understanding that quality of life is created by much more than physical buildings, this multiaward-winning firm goes above and beyond to integrate building excellence with opportunities for social, cultural and economic well-being. Committed to community, Daniels offers innovative programs that help people achieve homeownership, and supports numerous charities and non-profit organizations. Visit www.danielshomes.ca Baif Developments is a fully integrated real estate development company founded by builders Sandy Hofstedter and Simon Minz in the early 1960s. Since

“

Situated adjacent to the VIVA Rapid Transit line and with a local transit bus stop at the doorstep, residents will find commuting and getting around the city a breeze.

”

nexthome.ca 21

its inception, Baif has built over 20,000 new homes and executed both urban communities— like the original assembly and development of the YongeEglinton Centre, one of Toronto’s first large-scale, mixed-use projects—and significant new suburban communities throughout the surrounding regions of the GTA. A prominent community builder of master-planned home

developments in Richmond Hill, Vaughan, Newmarket, Oakville, Toronto, Whitby, Mississauga, Markham, and Brampton, Baif continues to make a lasting impact on the landscape of the GTA. The principals of Baif are known as thoughtful, forwardthinking developers who work collaboratively with municipalities to create outstanding communities.

“

This fall, the first residence to go on sale will rise to 25 storeys and encompass 308 suites ranging between from 533 to 1,488 square feet.

” +

Location Thornhill DeveLoper Daniels and Baif DeveLopment The Thornhill Home type Condominium

The Thornhill is going on sale this fall. Now is the time to register for this highly anticipated community. Don’t miss out on The Thornhill and visit www.thethornhill.com, or call 416-792-8800 or email info@thethornhill.com 22 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

contact info@thethornhill.com

Explore where connectivity meets comforts in an exciting urban community.

Connected Connected Connected Connected Connected UrbanLiving Living Urban Urban Living Urban Living Urban Living

schools, lush parks, transit (Viva Line) and highways.

proximity to shops, The Promenade mall, cafés, restaurants,

within one of Vaughan’s most coveted neighbourhoods in close

of Bathurst Street and Beverley Glen – The Thornhill is located

Set within the established charm of South Thornhill at the corner

community nestled on 3.5 acres of carefully groomed land.

are proud to introduce The Thornhill - a vibrant master-planned

Legacy builders The Daniels Corporation and Baif Developments

1 TO 3 BEDROOM SUITES FROM THE HIGH $ 300 S

Connected Urban Living

SALALELEETTH THIHS I SFA FA OOO NNNSSA LLLLLL IS FA O N S A L E T H I S FA O N S A L E T H I S FA L LL L

1 TO 3 BEDROOM SUITES 1 TO 3 BEDROOM SUITES 1 TO 3 BEDROOM SUITES 1 TO 3 BEDROOM SUITES HIGH $SUITES 300 FROM HIGH $ 300 S S 1FROM TOTHE 3 THE BEDROOM FROM 300 SS FROMTHE THEHIGH HIGH$ $ 300 FROM THE HIGH $ 300 SDevelopments Legacy builders The Daniels Corporation and Baif Developments Legacy builders The Daniels Corporation and Baif builders The Daniels Baif Developments Legacy builders The Daniels Corporation and Baif Developments Legacy builders The Daniels Corporation and Baif Developments are proud to introduce TheCorporation Thornhill - aand vibrant master-planned areLegacy proud to introduce The Thornhill - a vibrant master-planned Legacy builders The Daniels Corporation and Baif Developments are proud to introduce The Thornhill a vibrant master-planned are proud to introduce The Thornhill a vibrant master-planned are proud to introduce The Thornhill a vibrant master-planned community nestled onacres 3.5 acres of carefully groomed community nestled on 3.5 of carefully groomed land.land. are proud to introduce The Thornhill a vibrant master-planned community nestled onon 3.53.5 acres of of carefully groomed land. community nestled on 3.5 acres of carefully groomed land. community nestled acres carefully groomed land. Set within the established ofcarefully South Thornhill the corner Set within the established of South Thornhill at theatcorner community nestled oncharm 3.5 charm acres of groomed land. Set within the established charm of South Thornhill at the corner thethe established charm ofGlen South Thornhill atlocated the corner Set within established charm South Thornhill at the corner ofwithin Bathurst Street and Beverley – Thornhill The Thornhill is located of Set Bathurst Street and Beverley Glen –of The is withinStreet the established charm of –South Thornhill is at located the corner of Set Bathurst and Beverley Glen The Thornhill of Bathurst Street and Beverley Glen – The Thornhill is of Bathurst Street and Beverley Glen –neighbourhoods The Thornhill is located within one of Vaughan’s most coveted in close within one of Vaughan’s most coveted neighbourhoods in located close of Bathurst Street and Beverley Glen – The Thornhill is located within one of Vaughan’s most coveted neighbourhoods in close within one of Vaughan’s most coveted neighbourhoods in close within one of Vaughan’s most coveted neighbourhoods in close proximity to shops, The Promenade cafés, restaurants, proximity to shops, The Promenade mall,mall, cafés, restaurants, within one of Vaughan’s most coveted neighbourhoods in close proximity to shops, The Promenade mall, cafés, restaurants, proximity shops, The Promenade mall, cafés, restaurants, proximity to shops, The Promenade mall, cafés, restaurants, schools, lush parks, transit (Viva and highways. schools, lushto parks, transit (Viva Line)Line) and highways. proximity toparks, shops, The Promenade mall, cafés, restaurants, schools, lush transit (Viva Line) and highways. schools, lush parks, transit (Viva Line) and highways. schools, lush parks, transit (Viva Line) and highways. schools, lush parks, transit (Viva Line) and highways.

Explore where connectivity Explore where connectivity Explore Explorewhere whereconnectivity connectivity meets comforts in exciting an exciting meets comforts in connectivity an Explore where meets meetscomforts comfortsininananexciting exciting urban community. urban community. meets comforts in an exciting urban urbancommunity. community. urban community.

Register now at TheThornhill.Com 416.792.8800 Register now at TheThornhill.Com or or callcall 416.792.8800 Register Registernow nowatatTheThornhill.Com TheThornhill.Comororcall call416.792.8800 416.792.8800 Register now at TheThornhill.Com or call 416.792.8800

Exclusive Listing: City Life Realty Ltd. Brokerage. Brokers Protected. Illustration of The Thornhill, along with the surrounding buildings and landscape, are artist’s concept, subject to change without notice, and may not be representative of the final product. Pricing, programs, and specifications are subject to change without notice. All brand names, logos, images, text and graphics are the copyright of the owners, Daniels Baif Thornhill Inc. Reproduction in any form, without prior written permission of Daniels Baif Thornhill Inc., is strictly prohibited. See Sales Representative for details. E. & O. E.

ADVICE | stAt ChAt

Condo investors worried About A rental ConstruCtion boom?

ben myers Every year someone from outside the Greater Toronto Area (GTA) travels to our neck of the woods for the first time in 10 years. It could be a journalist, a tourist blogger, or a hedge fund manager. They’re immediate conclusion about the level of construction in downtown Toronto is that it must be too much. Toronto absolutely must be building too much housing. Those conclusions been very wrong. But the question is, when will they be right? Based on my best guess, the first year that investors started to buy more pre-construction condominiums than end-users in the GTA was 2007. It was a less talked about phenomenon back then, but by 2011, the stories were everywhere, the condo launch line-ups were long, and the frenzy was real. Although some years are higher than others, since 2011, investors have been buying anywhere from 60 to 75 per cent of all new units, and up to 90 per cent in some downtown projects. This scares a lot of people, and has for some time, but most of those investors plan to hold-andrent the unit for five to ten years after occupancy. There has always been trepidation among marketwatchers that new condo pricing was rising faster than rents, and eventually these rent-and-hold …continued on page 26 24 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

“

The data on rental rates clearly shows there is a segment of the market that is willing to pay more than $4.00 per sq. ft. in rent.

”

COMING THIS FALL TERRACE TOWN COLLECTION • Conveniently located at the Aldershot GO Station in Burlington and minutes to the QEW, 403 and 407

600’s

from the mid

• Limited collection of only 20 townhomes with up to 1,998 sq.ft. of indoor and outdoor living space • 2 bedroom plus study & 3 bedroom designs with private rooftop terraces • Double-car garage with direct access to your home • Open-concept plans with designer features & finishes • Enjoy a maintenance-free lifestyle

AdiDevelopments.com Illustration is artist’s concept. Prices and specifications subject to change without notice. E. & O.E.

…continued from page 24

investors would lose money and exit their investment. However, that has not been the case. With the change to the mortgage stress-test recently, credit availability has declined and more people that want to buy are forced to rent. In addition, many younger residents of Toronto are choosing to rent for lifestyle reasons. They prefer the freedom of not owning, and they’d rather use the money they’d spend on a down payment on paying down student debt, travelling, and investing. Recent data from Rentals.ca shows that the average rental and condominium apartment in Toronto (former City boundaries) was over $2,500 per month in August, up nearly $200 per month from January! The average rent per-square-foot is now $3.68 per sq. ft. Investors are now having to worry about affordability, can tenants even afford to pay the rent they require to make a monthly profit on their investment unit? According to a survey conducted by Avison Young and Informa, tenants under the age of 30 in Toronto are paying 49 per cent of their income on rent in 26 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

Toronto! Financial advisors typically tell clients not to spend more than 30 per cent. However, despite these affordability concerns, it appears that a lot of institutional capital is investing in new rental apartments. These new units won’t be cheap either. Maury Tawse of First National Financial mentioned at the recent Apartment Investment Conference that developers thinking about building rental apartments shouldn’t even consider it unless they think they can get $4.00 per sq. ft. in rent. Apparently they think they can, as the number of rental apartments under construction in the Toronto CMA has more than doubled over the past five years to 7,701 units per August 2019 CMHC data. The data on rental rates clearly shows there is a segment of the market that is willing to pay more than $4.00 per sq. ft. in rent. According to listings from Rentals. ca, 31 per cent of all condominium apartments in Toronto in 2019 were advertised with rental rates at or above that $4.00 per sq. ft. rent figure. Would you pay $2,000 a month for 500 sq. ft.? Based on my own consulting practice, I’ve done a lot of work for

developers looking at building rental apartments, and with the lifting of rent control on new projects, expect the number of under construction apartments to increase in the next few years. This certainly offers competition to the hold-and-rent investors, but as of yet, it doesn’t look like it will have a big dampening impact on rental rates. In fact, many of these buildings will have much higher rental levels than competitive buildings, and the nearby condo rentals might look even more appealing. It will certainly be interesting to watch over the next couple years.

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

+more adviCe online nexthome.ca/news/advice

PROPERTY PROFILE

It’s tIme to thrive at Keystone condomInIums Over 25 years in the making, Kaneff gracefully articulates its vision of community through Keystone Condominiums. A brand new residential development, this two-tower condominium is woven seamlessly into Mississauga’s thriving metropolis and intimately connected to nature, bringing residents the best of both worlds. Through Keystone, Kaneff has created an exceptional place for residents to live and thrive. Keystone was thoughtfully designed with remarkable elements that cultivate values of community, luxury and 28 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

convenience. Located on Burnhamthorpe Road East, the building enjoys easy access to major highways and is a short eight-minute walk from the new Light Rail Transit System. Keystone makes it possible to stay at the pulse of Mississauga’s downtown core, and is just minutes away from an abundance of fine dining spots, Square One Shopping Centre, Mississauga Living Arts Centre and Whole Foods. Marked by contemporary design and progressive functionality, the dynamism between aesthetic and

function transcends throughout both towers. From the moment you walk in, residents and guests are welcomed by a grand lobby at the base of the building, with 24-hour concierge service and beautifully appointed common lounge areas. Ranging from 601 to 1,117 sq. ft., the two towers include onebedroom plus den, two-bedroom, two-bedroom plus den and threebedroom residential suites. These spacious units are enhanced by sleek finishes, elevated ceilings and practical floor plans that maximize living space and make it easy to

“

Marked by contemporary design and progressive functionality, the dynamism between aesthetic and function transcends throughout both towers.

live comfortably. Every suite at Keystone also includes a balcony, giving residents more access to outdoor space without ever leaving their condo. Beyond this, Keystone gives residents a host of luxury amenities including a rooftop terrace with skyline views, an outdoor pool, a state-of-the-art fitness facility and yoga studio, kids’ zone, study lounge, media room, pet facilities and guest suites. Each amenity caters to the evolving needs of residents with different lifestyles, making Keystone an ideal place for anyone to live.

”

Keystone sets a new standard for condo living in Mississauga. Created with the intention to build a tight-knit community, its design inherently brings people together through an endless list of luxury amenities. Its unique location makes it accessible to the hustle and bustle of urban living, yet easily balanced by natural green spaces in its backyard. Finally, the practical and modern layouts of every suite promise residents the prospect of spacious, comfortable condo living.

+ LOcaTIOn Mississauga buILdER Kaneff dEvELOPmEnT Keystone Condominiums HOmE TYPE Highrise condo SaLES cEnTRE 208 burnhamthorpe Rd. E. cOnTacT keystonecondos.com

nexthome.ca 29

ADVICE | LEGALLY SPEAKING

The imporTanCe of a

Condominium StatuS CertifiCate by mark LaurioLa,

LL.B.

and Jayson sChwarz LL.m.

If you’re working with a realtor to purchase a resale condo, or are buying a preconstruction unit in a new condominium, chances are you have heard the words ‘Status Certificate’ a few times. What is a Status Certificate and why is it so important?

WHAT IS A STATUS CERTIFICATE?

A Status Certificate forms part of the condominium disclosure documents, which also include the condo by-laws, declaration, rules, and certificate of insurance (the “Disclosure”). The condominium corporation (the condo corp.) provides the disclosure to purchasers that are interested in buying a resale unit managed by the condo corp. and in the context of new construction, the full package of condominium documents are provided together with the Agreement of Purchase and Sale to enable the prospective purchaser to review same within the 10-day cooling off period.

WHAT SHOULD I LOOK FOR IN THE STATUS CERTIFICATE? COmmON ExPENSES

Common expenses are a monthly fee that unit owners pay to maintain the condominium’s common elements. Common expenses can include maintenance fees, building insurance, central air conditioning, and water. A buyer should first check to ensure that what is listed as being included in the common expenses in the Agreement of Purchase and Sale are the same as what is listed as included in the Status Certificate, sometimes these enclosures can differ. The Status Certificate should also list whether there will be an increase in common expenses for the current fiscal year. This is important for purchasers because it may impact your budget in the coming year. BUDGET

It is common for the condo corp. not to list whether the budget will result in a surplus or deficit. However, the Status Certificate should outline whether the common expenses for the unit have increased, or not, in the current fiscal year. …continued on page 34

30 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

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PROPERTY PROFILE

lInDvest has realIzeD that when it comes to the homebuilding industry, it’s time to

‘Do It DIfferently’ As one of the Greater Toronto Area’s premier homebuilders, Lindvest has decided that status quo is no longer acceptable in the industry. While it’s easy to consider success measurable purely by numbers like sales and revenues, they have committed to being different. Whether it’s how they treat their customers throughout the sales process or the little things that can often be overlooked, Lindvest has 32 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

committed to providing their product with energy, pride, joy, pleasure, dedication, consistency and confidence. This new message, simple and yet provocative, has been seen on billboards, televisions and digital platforms throughout the GTA. This message has woven its way into the Lindvest branding, website, social media platforms and more. The goal is for the voice of Lindvest to stand out

from the pack by breaking away from the standards of marketing in the industry. ‘Do it Differently’ isn’t performative; it’s prescriptive. Lindvest doesn’t want to claim it’s different just for the sake of being different, but because the company knows that there are people out there who aspire to carve out their own unique path in life. The builder wants to provide a homebuying experience

that is as unique and special as it should be. It’s about more than attempting to outperform competitors – the real goal is for the company to better itself. In July, the brand was launched internally to the company at a private event, where they were joined by Jamaal Magloire, the assistant coach of the 2019 NBA champion Toronto Raptors, who roused the crowd with a speech about how the Raptors attained great success by doing it differently. “This is a year of change, and as an organization, we’re embracing it,” said Director of Marketing, Joseph Alberga. “It is time to distinguish ourselves from the ordinary

and move away from the status quo,” said Anthony Martelli, Chief Operating Officer. “It requires a commitment at every level from each and every one of us. We are committed to ensuring the homebuying process at Lindvest will be positive at every touchpoint for our customers. It will be driven by care.” In addition to a new website that provides more detailed information about available homes and upcoming opportunities, Lindvest is updating many of its operating procedures to ensure the quality, consistency and level of service that will align with the campaign promises. From purchasing at the sales centre to

choosing interior décor options, from site visits to final closing, Lindvest is striving to provide a different and better experience to all purchasers. Lindvest President George Hofstedter took the stage and gave his two cents. “Just like Jamaal, I’ve been doing something I’ve loved all my life; real estate,” he said. “We haven’t done it wrong. We’re just going to do it better. I look forward to the future.” Visit lindvest.com to learn about Lindvest’s current and upcoming communities, and for more information about the ‘Do It Differently’ campaign. nexthome.ca 33

…continued from page 30

The condo corp. will also list whether the board has levied any special assessments for the year. The Status Certificate will list whether the condo corp. has any knowledge of circumstances that may increase the common expenses for the unit during the budgeted period. Here, you may find a problem like outdated plumbing, insulation, or major repairs like the roof or balconies of the building. In the event of unanticipated expenditures, the corporation may have to increase common expenses or provide for a special assessment. This will once again impact the purchaser’s budget and factor into their decision process. RESERVE FUND

The Condominium Act, 1998 requires that all condominiums have a reserve fund. The reserve fund is used to pay for major repairs and replacements to the condominium’s common elements. Part of the owner’s monthly common expense fee goes towards the reserve fund each month. The Status Certificate will list an approximate value of the reserve fund as of the date of the Status Certificate. As a potential owner you should look for a reserve fund healthy enough to pay for any scheduled or unscheduled repairs and replacements to the condominium’s common elements. If a reserve fund is too low its more likely that owners will be hit with a special assessment for repairs. If a reserve fund study has been done and a plan for funding the reserve fund was completed, this will also show in the Status Certificate. Any future dates for a reserve fund study will be noted here. 34 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

LITIGATION

This section outlines whether the condo corp. is subject to any litigation. If there is litigation, there may be an increased risk of a special assessment. This may also result in an increase in common expenses. It is important to know the full extent of the litigation and to understand the liability unit owners may face. RULES

The condominium may have restrictions on lifestyle choices that include things like pets, barbecues, balconies, patios, awnings, gardens, and smoking. Before you make the decision to purchase a condo, it’s important to read the condo rules and understand how they may affect your lifestyle. DECLARATION/ BY-LAWS

It is important to review the Declaration and Description pertaining to the unit, including any exclusive use common elements areas, to determine whether or not the seller or any previous owner has carried out a structural change to the unit or modified the common elements in circumstances where the board has not given its prior written consent. It is also recommended to do an inspection of the unit to see whether a breach of the

Declaration, by-laws and/or the rules has occurred as the new purchaser may be responsible. WHY YOU NEED A LAWYER

As per the Condominium Act, 1998, a purchaser buying a resale unit should receive the Status Certificate within 10 days of requesting it. In today’s market, conditions in Agreements of Purchase and Sale relating to the review of Status Certificates are typically two days. In some cases, purchasers are making offers without a condition for Status Certificate review. However, a Status Certificate is extremely important, and it is imperative you have it reviewed by your lawyer. You will be able to make a clearer decision once you understand both the financial and legal health of the condo corp. Finding topics is one of the hardest things for us to do. If you have suggestions, questions, concerns, critiques and quandaries please mail, deliver or fax to the magazine or to us, use the web site www.schwarzlaw.ca, or email info@schwarzlaw.ca. We will try to deal with them in print or electronic form.

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Questions & Answers

Dan Menchions of II by IV DesIgn Talks aMeniTy TrenDs anD The Design of Lake suItes at LakesIDe NH: What influences are we seeing today with regards to amnity spaces in new condos? Dan Menchions: In the current

market, expectations are so much higher than what they use to be. People want authenticity and quality. We have also seen a considerable trend that is giving more emphasis on incorporating hospitality features into condominium interiors. For example, at Lakeside, we focused on creating interior spaces with comforts and qualities reminiscent of a boutique hotel. The lobby 36 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

warmly welcomes all residents; the party room is complete with dining, kitchenette, lounge, fireplace, a games area and access to exterior amenities; the theatre and lounge spaces are designed with a bar and island; and the fitness room and yoga/personal training studio offer a luxurious retreat from the comfort of your own home. NH: You describe II BY IV DESIGN as “experts at interpreting current and emerging consumer, behaviors, attitudes and expectations.” What exactly are you hearing and seeing?

DM: We are always researching new design trends and traveling the world to be inspired. There is always innovation happening and our job is to identify the best option for a particular project. We don’t have a signature style and we really work hard to understand each of our projects in depth, and offer unique design solutions best suited for the client’s needs. At Lakeside for example, the aesthetic feels modern, but with classic detailing, which will uphold their style and remain visually significant for many years.

Dan Menchions of II BY IV Design

NH: Tell us a more about Lakeside and the spaces you designed. DM: Lakeside is a high-rise community in quite a significant location in the city, south of the Gardiner, across from Sugar Beach, steps from Lake Ontario. It’s a key project for the emerging East Bayfront neighbourhood that is poised to become a key live/work/play district in downtown Toronto. It will offer a mix of sustainable residential communities, state-ofthe-art workplaces and renewed connections to the water and parklands, creating tranquility in a busy city. Everyone – people of all different ages and stages, including families will want to live here. The area is also being planned to become a true extension of the downtown core.

At Lakeside we designed the interior spaces for the third building, Lake Suites, which sits at the most southern portion of the site and is the residence closest to the water. NH: How is Lake Suite’s unique location reflected in the amenity spaces? DM: Tying into the recreational

culture of the waterfront, outdoor condo amenities include a rooftop putting green, outdoor dining and barbeque spaces, as well as a fireside lounge with picturesque views of Lake Ontario. The rooftop putting green is very different and unique for downtown living. Being so close to the water, it provides an opportunity for residents to enjoy an outdoor recreational culture of the waterfront from the comfort of

their own home. Residents will also have access to a rooftop swimming pool on the podium of the adjacent Park and Sky building, as part of the master-planned development. Lobby interiors are inspired by the surrounding waterscape with colours such as warm woods, cool blues and accents of grey. Light wood paneling is contrasted by dark, full height custom doors and hardware. Other features include integrated millwork and bespoke lighting, as well as an art program inspired by the waterfront. The contemporary appeal of the lobby extends through the design of all amenity spaces and residential suites. Contruction for Lakeside is starting this fall For more information or to register visit: lakesidetoronto.com or call 416 968 9196. nexthome.ca 37

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PROPERTY PROFILE

Tridel launches ClassiC series ii, the third and final residential condominium aT The Well Anchoring the southwest corner of The Well, Classic Series II is a stunningly modern building designed to meld leadingedge finishes with comfort and convenience. A gracefully-designed stone-clad podium anchors the building in the historic context of adjacent Draper Street, while a glass tower exudes the ambitious, mixed-use lifestyle that permeates throughout this precedent-setting mixed-use community. The launch of Classic Series II comes on the heels of the successful launches of Classic Series I and the Signature Series. Collectively these three buildings deliver over 750 residential units 40 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

and make up the entirety of The Well Condominiums by Tridel. Like its predecessors, residents of Classic Series II gain access to a private collection of meticulously crafted amenities designed by award-winning interior design firm II BY IV Design. A stunning, textured lobby greets you as you enter the building, while an open and spacious party room is adorned with sprawling furniture designed to break down barriers and foster a sense of community. An outdoor terrace comes with contemporary cabanas and swimming pool, while a private dining room and gym complement the amenity offering.

“

An outdoor terrace comes with contemporary cabanas and swimming pool, while a private dining room and gym complement the amenity offering.

”

The residences of Classic Series II feature a healthy mix of one, two and three bedroom suites that are spread throughout the building with the larger units topping out at 1800 square feet. Outdoor space is offered on most residences, with

west facing units taking advantage of panoramic, city views. The pinnacle of urban living, a series of pedestrian walkways and alleys connect residents of Classic Series II to the cutting- edge restaurants, premium retail, future-

proofed workplaces and boundless entertainment options that are set to transform downtown Toronto’s west end. Conceived as a natural extension of the vibrancy of King West, The Well is a choreographed mix of urban experiences, dynamic architecture and interconnected public spaces that will combine 1 million square feet of premium office space with 420,000 square feet of retail and food experiences, and 1,700 residential units.

LOcaTIOn Toronto DEvELOPER Tridel DEvELOPmEnT The Well HOmE TYPE Highrise SaLES cEnTRE 4800 Dufferin Street

Brochure, floorplans and prices for Classic Series II are now available at the presentation centre at 4800 Dufferin Street. Residences at The Well by Tridel also provide another distinct living via the boutique and exclusive Signature Series. Occupancy for all three residences is expected to begin in 2022. For more information, visit www.tridel.com/ thewell/

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nexthome.ca 41

ADVICE | ConDo pro

TOP 10 THINGS TO CONSIDER WHEN BUYING A NEW CONDO

BARBARA LAWLOR

Shopping for a new condominium in the Greater Toronto Area? Congratulations! Across Toronto and the Greater Toronto Area, there is an incredible selection available in excellent locations. Here are a few tips to consider as you conduct your search. We hear so much about location, location, location, but it should be at the top of your list. Where do you want to live? 42 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

Consider your life as a whole. What will your commute be like during rush hour? How about visiting friends and family and keeping up with clubs you belong to? Can you walk to run errands, or will you need a vehicle? You can visit www.walkscore.com to find out just how convenient it is. How much can you afford? Do your homework find out what closing costs will be expected of you. It is wise to get preapproved for a mortgage. Then you know where you stand, and you save a lot of time during the shopping process. When in the selling cycle should you buy? Of course, it depends

on your circumstances, but if you have flexibility, keep in mind that purchasing early means you get the best selection of suites, and the best prices. Purchasing later means you can move in sooner. Is your developer one that engenders trust? Check out the reputations of the builders you are considering. Do your homework online to find out about who has proven track records, and if possible, drive through communities they have completed to see if you like the look and feel of the neighbourhoods. Does the building look like “home” to you? Architecture …continued on page 48

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48 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

“

We hear so much about location, location, location, but it should be at the top of your list. Where do you want to live? Consider your life as a whole. What will your commute be like during rush hour?

…continued from page 42

”

should make you feel welcome at first glance. You will find the spectrum of designs available, from traditional to avant-garde, by renowned architectural firms. The exterior of your condo should reflect your sensibilities. What amenities are in your building? These common areas are in essence extensions of your living space that add value to your new home investment. Along the line of amenities, are you prepared for maintenance fees? Remember that access to building amenities is a huge part of condominium living. As a suite owner, you also own a percentage interest in all of the building’s common elements, determined by the square footage of the suite you choose. Make sure you select a suite that makes sense with your lifestyle. Do you love plants? Then pay attention to which way the suites face and whether your windows will let in morning or afternoon light. Compare apples to apples when looking at features and finishes. These choices are important to

personalizing your surroundings. The great news is that even if you can afford only the standards, you will enjoy one of the bestappointed new homes in North America. Be prepared for condo living. A condominium is a vertical community in which residents are expected to follow the rules set out by the condominium corporation to protect everyone’s safety, privacy and investment. Whatever you decide, buying a new condo suite in the GTA is one of the best steps you’ll ever make!

Barbara Lawlor is president and CEO of Baker Real Estate Incorporated, winner of the pinnacle 2017 Riley Brethour Award from BILD, and an in-demand columnist and speaker. A member of the Baker team since 1993, she oversees the marketing and sales of condominium developments in the GTA and overseas. Keep current with The Baker Blog at blog.bakerrealestate.com

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PROPERTY PROFILE

3 new releases from losani homes Losani Homes is proud to deliver three exciting new releases starting this fall! BRanT WEsT

The first being Losani Homes’ next master-planned community, Brant West in Brantford. Brantford has been named one of the best cities to own real estate, offering a stunning blend of nature and neighbourhood with all the amenities your family will ever need. Brant West is a multi-phase community whose initial release 52 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

will feature over 100 two- and three-storey townhomes, as well as single-family detached homes. Brant West residents will be able to enjoy everything Brantford’s rich outdoors have to offer. It’s traditional and river trail systems stretch over 70 kilometres, and are ideal for hiking, jogging, cycling, and are pet-friendly. It comes as no surprise that with such a rich trail system connecting Hamilton, Simcoe, and Cambridge, that Brantford is known as the hub of Ontario trails. And with over 60 playgrounds to enjoy across the

city that offer a summer packed with activities, Brantford is the perfect choice to help raise a family. Brant West is slated for its opening release in early October 2019 and will be starting from the $400s. WaTERWORx

Also coming this fall is Waterworx, a community of 120 contemporary back-to-back and three-storey townhomes. Over the past few years, the Hamilton real estate market has grown to a point where affordability has become

“

Over the past few years, the Hamilton real estate market has grown to a point where affordability has become a problem for many prospective homeowners.

”

a problem for many prospective homeowners. Waterworx will help bridge the gap for homeshoppers who have been priced out of Hamilton in recent years who do not want to compromise on quality craftsmanship or forward-thinking design. Only a 10-minute drive to the booming downtown core and a few blocks east of charming Ottawa Street, Waterworx provides a muchneeded answer for buyers who want to stay in Hamilton. And, with the Redhill Parkway around the corner, travel becomes a convenient luxury. With homes starting from the $300s, the continued investment to the evergrowing east end of Hamilton, and the incoming LRT, Waterworx will deliver incredible value for every purchaser. VIBRanT aT VIsTa RIdgE

Lastly, Vibrant at Vista Ridge, which offers nearly 100 back-to-back, two- and three-storey townhome designs in the heart of wine country. Positioned on a former winery in the charming town of Beamsville, Vista Ridge is a unique community that embodies all that Niagara has to offer, including bountiful nature and enchanting vistas. In addition, it has the envied location of being a short walk to the treasured Bruce Trail and Niagara Escarpment. Vibrant, at the award-winning Vista Ridge community, will conclude the rich and diverse product lineup suiting all tastes, needs, and budgets. And with towns starting from the $300s, Vibrant offers tremendous value, while delivering all the modern amenities today’s sophisticated purchasers deserve. All three of these exciting new releases from Losani Homes can be registered for on www.losanihomes.com nexthome.ca 53

54 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

Freehold means permanent and absolute tenure of land or property with freedom of full use and control of the land and buildings on it, subject to any rights of the Crown, local land-use bylaws and any other restrictions in place at the time of purchase

Adjustable-rate and fixed rate mortgages There are generally two types of conventional mortgages – a fixed-rate and an adjustablerate mortgage. An adjustablerate mortgage means the interest rate can change over the term of the loan. A fixedrated mortgage simply means that the interest rate stays the same through the entire term of the mortgage and is “locked in”.

Assessed value

In addition to the actual price of a home, there are also closing costs, which will typically make up about two to five percent of the purchase price, not including the down payment. Examples of closings costs include the mortgage processing costs, title insurance, and excise tax, and legal fees.

Freehold ownership

This is how much a home is worth according to a public tax assessor who makes this determination in order to figure out how much city or state tax the owner owes.

Closing

Condo ownership

Condominium ownership is real estate that is independently owned and sellable, but the owners of the individual units also collectively own the common areas, amenities and utilities which are managed collectively by the owners as outlined in the Ontario Condominium Act.

Gross debt service ratio The percentage of your gross monthly income that housingrelated payments (mortgage, property taxes and heating) eats up. Depending on your situation, to qualify for a mortgage, your GDSR should be 39 per cent (or less) of your gross monthly income.

Closing refers to the meeting that takes place where the sale of the property is finalized. At the closing, buyers and sellers sign the final documents, and the buyer makes the down payment and pays closing costs. It is advisable to have a lawyer facilitate closing.

Debt to service ratio

Amortization

This process combines the interest and principal together in an established schedule of payment installments, rather than simply paying off interest at the start, which helps build home equity early on.

Closing costs

REAL ESTATE GLOSSARY

This amount shows the ratio of your household’s debt payments to gross household income. Banks look at this when assessing how much money to loan you.

HOT PROPERTIES

find your next home

The latest properties in the greater toronto Area to keep your eye on 21. river & fifth By: Broccolini City: Toronto Housing type: Condominium riverandfifth.com

new openinGs a. country lane

8. edenBridGe kinGsway

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

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

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

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

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

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

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

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

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

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

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

19. the thornhill By: Daniels & Baif Developments City: Thornhill Housing type: Condominium suites TheThornhill.com

20. lakeside residences By: Greenland City: Toronto Housing type: Condominium suites LakesideToronto.com

By: Heathwood Homes City: Whitby Housing type: Detached homes. Models now open Heathwood.com

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

c. keystone By: Kaneff City: Mississauga Housing type: Highrise condo suites keystonecondos.ca

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

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

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

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

maps Locate properties using the map on the following page

Builders If you would lIke to Include your prevIew regIstratIon, new release or sIte openIng In thIs feature, just emaIl the detaIls to editorial@nexthome.ca nexthome.caâ&#x20AC;&#x192; 55

HOT PROPERTIES | GREATER TORONTO AREA

F D 3

13 17

K 20 B 16 8 15

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

56 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

17 14 C

18 5

NEW HomEs NEW CoNDos

cartography: marketmaps.com

MAP LE GE N D

nexthome.caâ&#x20AC;&#x192; 57

INSPIRATION |

market place

abulous fabrique 1840 by SARA DUCK

Fashion retailer Simons brings its online artisanal market, Fabrique 1840, to life, with a pop-up shop in Toronto.

Here are five of our favourite pieces and the artists behind them: EdwIN ChAIR by COOlICAN & COmPANy. $979.

At Fabrique 1840’s new

Founded in 2014 by Peter Coolican (Toronto, ON), Coolican & Company was Toronto’s first company of small batch furniture makers. Creating off of durability and simplicity, the company’s mission is to use high, beautiful quality and eco-sourced materials to create original furniture pieces.

pop-up shop along trendy Queen West, you can support Canadian artisans while picking up some seriously cool swag at the same time. From east to west, an all-Canadian line-up of skilled artisans will showcase a range of products from home decor and modern art to fashion accessories and stationery, Sept. 26 - 29 at 950 Queen St. West. Can’t make the pop-up? Don’t panic! You can always browse the e-commerce site at simons.ca.

ThE TRANSPARENCy Of bAlANCE POSTER by CAThERINE lAvOIE. $170

Catherine Lavoie (Quebec City, QC) took the risk of quitting her full-time design job to pursue her passion for creating art prints. She is inspired by simplicity and geometrical shapes and her creativity explodes in every piece she creates.

…continued on page 62 58 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

HOT PROPERTIES

Find your next home The latest properties in southwestern ontario to keep your eye on

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

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

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

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

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

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

9. homestead

F. the PreserVe

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

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

10. Winona county

g. FallingWaters

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

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

11. WaterWorx

h. timBerWood estates

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

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

12. illumina By: Molinaro Group City: Burlington Housing type: Highrise condominiums Illuminacondos.ca

neW oPenings a. lyonâ&#x20AC;&#x2122;s creeK By: Mountainview Homes City: Niagara Falls Housing type: Semis lyonscreekhomes.com

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

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

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

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

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

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

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

maPs Locate properties using the map on the following page

Builders If you would lIke to Include your prevIew regIstratIon, new release or sIte openIng In thIs feature, just emaIl the detaIls to editorial@nexthome.ca nexthome.caâ&#x20AC;&#x192; 59

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

kITcHENER–WATERlOO

Guelph

Waterloo Kitchener

Milton

Cambridge

Brantford

Hamilton

lONdON

London

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

60 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

Mississauga

MAP LE GE N D NEW HomEs

F 6

NEW CoNDos

Oakville

Burlington

G B

E D

St Catharines H

Niagara Falls

Welland cartography: marketmaps.com

nexthome.caâ&#x20AC;&#x192; 61

…continued from page 58

mARSEIllE bAmbOO PlATES by XENIA TAlER. $62 (SET Of fOuR).

From film production to ceramics, Xenia Taler (North York, ON) offers a new world of home and lifestyle goods handcrafted with eco-friendly materials and colourful, organic designs. Emphasizing the importance of accessibility, her pieces are made for anyone, any space, indoor and outdoor.

fROThy mIlk mug by CAThERINE lEbEl OuEllET. $35.

Catherine Lebel Ouellet (Quebec City, QC), is the founder of her own ceramic company that feeds off inspiration from her landscape photography. She incorporates pure elements of nature within her pieces to embrace both her passions together.

lARgE AwARd-wINNINg SET Of mAPlE SyRuPS by NOS CAbANES. $75.

Celebrating different origins and histories within Quebec, Nos Cabanes brings a unique variety of savoury flavours to traditional maple syrup. Founder Claudie Brassard (Saint-Lambert, QC) is passionate about delivering a unique flavour and experience with every bite.

+moRe InspIratIon online nexthome.ca/news/inspiration

62 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

townhome

Condo

Bungalow

Location BuiLder/deveLoper name Site name

semi

#IntheCity

detached

index of advertisers

priceS

page

Bloor West village

Plaza pureplaza.com

Bijou on Bloor

•

Inquire

downsview park

Mattamy Homes mattamyhomes.com

Saturday in Downsview Park

•

$4,990

IBC

etobicoke

tridel tridel.com

Evermore

Inquire

4,5

etobicoke

Heathwood Homes

Eleven Altamout

•

From 1 million

etobicoke

Mattamy Homes mattamyhomes.com

Vita on the Lake

•

Inquire

IBC

etobicoke

Mattamy Homes mattamyhomes.com

Vita Two

•

Inquire

IBC

north York, on

Mattamy Homes mattamyhomes.com

Origins of Don mills

•

Inquire

IBC

north York, on

Mattamy Homes mattamyhomes.com

Park Place on Patricia

•

Inquire

IBC

Queens Quay east

tridel tridel.com

Aqualuna

•

Inquire

6,7

Scarborough

Mattamy Homes mattamyhomes.com

Thomson Towns

•

Inquire

IBC

Scarborough

Mattamy Homes mattamyhomes.com

Upper Summerside

•

Inquire

IBC

toronto

altree developments

Thirty Six Zorra

•

From 300's

toronto

Broccolini developments

River & Fifth

•

Inquire

toronto

Menkes menkes.com

Sugar Wharf

•

Inquire

IFC

toronto

tridel tridel.com

Auberge on the Park

•

Inquire

6,7

toronto

tridel tridel.com

Edenbridge

•

From 900's

6,7

•

nexthome.ca 63

aurora

treasure Hill Homes

Adena Views

•

Beamsville

Losani Homes losanihomes.com

Vista Ridge

•

Bowmanville

treasure Hill Homes

Orchard East

•

Bracebridge, on

Mattamy Homes mattamyhomes.com

White Pines

•

Brampton

daniels

Bekenrose

Brampton

daniels

Sunny Meadows

Brampton

Mattamy Homes mattamyhomes.com

Union Mount Pleasant

Brantford

Losani Homes losanihomes.com

Brant West

Burlington

Molinaro Group

Illumina Condos

caledon/Brampton Border

fieldgate Homes fieldgatehomes.com

Upper Valleylands

caledonia

Losani Homes losanihomes.com

The McKenzie

Fonthill

Mountainview Homes mountainviewhomes.com

One Twenty Condominiums

Fonthill

Mountainview Homes mountainviewhomes.com

Saffron Estates

Fonthill

Mountainview Homes mountainviewhomes.com

Homestead

•

Hamilton

dicenzo Homes

Cardinal Heights

•

Hamilton

Losani Homes

Waterworx

Keswick

treasure Hill Homes

Georgina Heights

Kitchener

Heathwood Homes

Wallaceton

•

Kleinburg

fieldgate Homes fieldgatehomes.com

Impressions

•

Kleinburg

Mattamy Homes mattamyhomes.com

Kleinburg Summit

Lincoln

Losani Homes losanihomes.com

Lincoln Estates

markham

Mattamy Homes mattamyhomes.com

The Condominiums of Cornell

markham

treasure Hill Homes

Trendi

milton

Mattamy Homes mattamyhomes.com

Hawthorne South Village

mississuga

Kaneff

Keystone

niagara Falls

Mountainview Homes lyonscreekhomes.com

Lyon's Creek

64 New Home + Condo Guide | Sept. 28–Oct. 12, 2019

townhome

Condo

Bungalow

semi

Location BuiLder/deveLoper name Site name

detached

#BeyondtheCity

•

priceS

page

Inquire

From $300’s

4,48

From $700’s

$419,990

IBC

From $300’s

IBC

From 400's

4,48

•

Inquire

• •

•

From $500’s

•

Inquire

4,48

•

Inquire

•

Inquire

•

Inquire

From mid $500’s

From $300’s

Inquire

From $500’s

Inquire

$799,990

IBC

Inquire

4,48

By Appointment

IBC

•

Inquire

•

Inquire

IBC

Inquire

From $400's

• • • • • •

• •

•

• •

townhome

Condo

Bungalow

semi

Location BuiLder/deveLoper name Site name

detached

#BeyondtheCity

priceS

page

oakville

Branthaven Homes thetauntonapartments.com

The Taunton

•

Inquire

46, 47

oakville

Mattamy Homes mattamyhomes.com

East Preserve

•

$580,000

IBC

oakville

Mattamy Homes mattamyhomes.com

The Preserve

•

Inquire

IBC

oakville

Mattamy Homes mattamyhomes.com

The Preserve Woodland Estate

•

Inquire

IBC

oakville

treasure Hill Homes

The Oaks

•

Inquire

oshawa

treasure Hill Homes

Kingsview Ridge

• •

$599,000

paris

Losani Homes losanihomes.com

Simply Grand

• •

Inquire

4,48

paris

Losani Homes losanihomes.com

The Peninsula

• •

Inquire

4,48

pickering

Mattamy Homes mattamyhomes.com

Seaton Whitevale

•

Inquire

IBC

pickering

Mattamy Homes mattamyhomes.com

Seaton Taunton

•

$400,000

IBC

pine valley & teston

Lindvest Lindvest.com

Klein Estates

•

Inquire

richmond Hill

Mattamy Homes mattamyhomes.com

Richmond Green

•

$845,000

IBC

St catharines

Mountainview Homes mountainviewhomes.com

Elements

Inquire

Stoney creek

Branthaven Homes casaditorrecondos.com

Casa Di Torre

From $300’s

46, 47

Stoney creek

Losani Homes losanihomes.com

Fallingwater

From $600’s

4,48

thornhill

daniels

Thornhill

From 300's

West Brampton

fieldgate Homes fieldgatehomes.com

Valleylands

•

Mid $900’s

Welland

Mountainview Homes mountainviewhomes.com

Sparrow Meadows

•

Inquire

Welland

Mountainview Homes mountainviewhomes.com

Timberwood Estates

•

Inquire

Whitby

delta rae

Natura by the Forest

• •

Inquire

Whitby

Heathwood Homes

Country Lane

•

From $700’s

Whitby

Mattamy Homes mattamyhomes.com

Queen's Common

499,000

IBC

Winona

Branthaven Homes branthaven.com

Life

Inquire

46, 47

Winona

Branthaven Homes branthaven.com

Winona County

Inquire

46, 47

•

• • • • •

• • •

•

nexthome.ca 65

WHATâ&#x20AC;&#x2122;S ONLINE

TRENDING NOW THE LATEST REAL ESTATE NEWS FROM ACROSS CANADA

THE RIGHT FIT: BUYING A CONDO FROM A FLOORLAN

FALL IN LOVE THIS FALL WITH THE CONDO LIFESTYLE

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nexthome.ca/fall-condo

GO GREEN WITH FAB HOME ACCESSORIES AND ACCENT ITEMS

NEW HOME OR RESALE? WHICH IS BEST FOR YOU

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NOW SELLING. – A C O L L E CT I O N O F C L A S S I C A N D URBAN TO W N S I N D O W N S V I E W PA R K . Welcome to Parkside Towns at Saturday. Nestled beside Downsview Park, these Classic and Urban townhomes are both convenient and affordable. With either balconies, patios or terraces, every home has been designed to complement the beautiful surroundings. Close to the subway, highways and other life’s necessities, one of the best things about Parkside Towns is the unbeatable location.

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

URBAN TOWNS FROM THE HIGH $600’S / UP TO 1,170 SQ.FT..

a walk in the park

SHEPPARD KEELE

DOWNSVIEW PARK

Saturday in Downsview Park Sales Centre. 2995 Keele Street, North York Mon to Thurs 12 - 7pm / Fri 1 - 6pm / Sat & Sun 11 - 6pm. 416.630.8282. MATTAMYHOMES.COM Prices, specifications and promotions are subject to change without notice. E. & O.E. Illustrations are artist’s impressions.

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