Parkview is a limited release of freehold townshomes. These 20' & 22’ towns offer spacious luxurious interiors and have optional lower level suites. Enjoy easy access to Lions Park and downtown Paris.
Riverside and Riverview are one-of-a-kind releases coming to Riverbank Estates. Embrace the large depth of 36' to 50' luxury single-detached lots. Surrounded by forest, trails and the Nith River.
PARKVIEW COLLECTION FREEHOLD TOWNHOMES
RIVERSIDE COLLECTION
40’ – 50’+ DETACHED SINGLES
RIVERVIEW COLLECTION
36’ – 50’+ DETACHED SINGLES
PARKSIDE COLLECTION TOWHOMES
RIVERSIDE COLLECTION PHASE II
RIVERVIEW COLLECTION PHASE II TRAILSIDE COLLECTION TOWNSHOMES
Don’t belate
TICK TOCK, TICK TOCK,
RATES HAVE DROPPED
Interest rates have dropped and relief is on the way. Pent up demand will drive prices up. That’s why NOW is a perfect time to buy at National Homes.
BURLINGTON - NORTHSHORE
1, 2 & 3 Bedroom Condos from the $500s Towns Now Selling from the $700s
BRAMPTON - DUO CONDOS
1, 2 Bed + Flex Condos & Towns from the $500s Tower 2 Coming Soon - Condos from the $400s Register | DuoCondos.ca
MISSISSAUGA - WHITEHORN WOODS
Freehold Towns from $999k
BURLINGTON - TYANDAGA HEIGHTS
Freehold Towns and Semis from $999k
*Prices,
PERSONAL FINANCE | JESSE ABRAMS
Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com
WESTERN VIEW | MIKE COLLINS-WILLIAMS
Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.
HOME REALTY | DEBBIE COSIC
Debbie Cosic is CEO and founder of In2ition Realty. She has overseen the sale of more than $15 billion worth of real estate. With Debbie at its helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. in2ition.ca
DECOR | LINDA MAZUR
Linda Mazur is an award-winning designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds throughout the GTA and Canada. lindamazurdesign.com @LindaMazurGroup
MARKET EXPERTISE | LIANNE MCOUAT
Lianne McOuat is Vice-President, Strategy, at McOuat Partnership, with builder/developer clients including in lowrise, midrise, highrise, master-planned, adult lifestyle, resort/recreational, retirement, commercial, industrial and multi-family leasing. mcouatpartnership.com.
TRREB REPORT | JENNIFER PEARCE
Jennifer Pearce, TRREB President, is a Broker and Owner with ReMax Rouge River Realty Ltd., a family owned and operated brokerage. She is a secondgeneration realtor and has been licensed since 2000. trreb.ca
BIG STYLE | LISA ROGERS
Lisa Rogers is Executive Vice-President of Design for Dunpar Homes. Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and The Shopping Channel. Lisa is also a regular guest expert on CityTV’s Cityline. dunparhomes.com.
LEGALLY SPEAKING | JAYSON SCHWARZ
Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. He can be reached by visiting schwarzlaw.ca or by email at info@schwarzlaw.ca or phone at 416.486.2040.
BILD REPORT | DAVE WILKES
Dave Wilkes is president and CEO of the Building Industry and Land Development Association (BILD), the voice of the home building, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter at @bildgta or visit bildgta.ca
DIRECTOR OF SALES, ONTARIO, NEXTHOME Natalie Chin 416.881.4288 natalie.chin@nexthome.ca
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EDITORIAL DIRECTOR Amanda Pereira
EDITOR-IN-CHIEF – GREATER TORONTO AREA
Wayne Karl wayne.karl@nexthome.ca
CONTRIBUTORS
Jesse Abrams, Mike Collins-Williams, Debbie Cosic, Barbara Lawlor, Linda Mazur, Lianne McOuat, Ben Myers, Jennifer Pearce, Lisa Rogers, Jayson Schwarz, Dave Wilkes
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A CLEAR AND WELCOMED SIGNAL
WAYNE KARL EDITOR-IN-CHIEF HOMES Magazine
EMAIL: wayne.karl@nexthome.ca
TWITTER: @WayneKarl
The Bank of Canada’s fourth consecutive interest rate reduction on Oct. 23 was just the news that many prospective new-home buyers – not to mention some builders and marketers – have been waiting for. BoC lowered the target for its influential overnight rate a full half-point to 3.75 per cent –the first time it has been below four per cent in two years.
Not only was it welcomed news, it’s also “a clear signal,” says Jesse Abrams, co-founder and CEO of mortgage comparison service. “It indicates that inflation is cooling faster than expected, and the Bank of Canada is moving to lower rates more quickly than anticipated. This is great news for prospective buyers and those renewing mortgages, as rates – while still higher than two years ago – are becoming more manageable.”
Indeed, declining interest rates and inflation, job growth and other important indexes are among the reasons prospective buyers can feel more buoyant about their purchase plans, as we head into the last couple months of 2024 and look forward to the new year.
As our 2024 Builders’ Annual (polybagged with this issue of HOMES) discusses, with more favourable interest rates, recent significant mortgage reforms and increasing focus on housing policy from all levels of government, things are definitely looking up. And as our Expert Panel and Industry All-Stars and other content in the Annual illustrates, there are plenty of new-home buying opportunities to take advantage of sooner than later.
Evidence of the turnaround can already be seen on the resale side, as Jennifer Pearce, president of the Toronto Regional Real Estate Board, writes in her column on page 37 of this issue of HOMES. And with his usual insight excellence on page 50, Building Industry and Land Development Association President Dave Wilkes reminds what more needs to be done on the policy side to build more homes faster, to address other more systemic challenges in the market.
The last few years haven’t exactly been the easiest for the housing industry, with uncertainty relating to supply, interest rates, inflation and pricing. Who could blame prospective homebuyers for feeling a little unsure?
But with these recent developments, and the help of expert sources, columnists and important industry voices in our 2024 GTA Builders’ Annual and our monthly sister publication Condo Life, we are here to change that. To help you make informed and educated homebuying decisions when the time comes.
It’s looking more and more like that time just might be now.
STRUCTURAL CHANGES NEEDED TO BOOST NEW HOME MARKET REBOUND: BILD
Greater Toronto Area (GTA) new home sales remained low in September, with slight price reductions and high, stable levels of available inventory, according to the Building Industry and Land Development Association (BILD).
There were 591 new home sales in September, which was down 69 per cent from September 2023 and 76 per cent below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.
“GTA new home sales had another slow month in September 2024, despite three successive Bank of Canada rate cuts,” says Edward Jegg, research manager with Altus Group. “We now have a market that is highly primed with elevated inventories, falling prices and a further 50 basis point rate cut. All that is needed is for buyers to jump off the sidelines.”
Condominiums, including units in low-, medium- and highrise buildings, stacked townhouses and loft units, accounted for 247 units sold in September, down 81 per cent
from September 2023 and 85 per cent below the 10-year average.
There were 344 single-family home sales in September, down 41 per cent from September 2023 and 58 per cent below the 10-year average. Single-family homes include detached, linked and semi-detached houses and townhouses (excluding stacked townhouses).
Total new home remaining inventory increased slightly compared to the previous month, to 21,871 units. This includes 17,427 condominium apartment units and 4,444 single-family dwellings. This represents a combined inventory level of 13.8 months, based on average sales for the last 12 months. This remains a high months of inventory level (based on sales), however, the actual number of units maintains the trend seen since autumn 2023 of actual inventory levels near or just above the 20,000-unit mark.
“There is a ‘cost to build’ crisis in the GTA,” says Justin Sherwood, senior vice-president of communications and stakeholder
relations at BILD. “With land, labour and material prices being what they are, it is very difficult to build a new home at a cost that the market will readily absorb – and this issue is manifesting itself in the form of low sales and therefore lower housing starts in the GTA.
“Government fees and taxes comprise 25 per cent of the cost of an average home in the GTA. This is why BILD has been calling on governments to do something about lowering added fees and costs to help address affordability and to ensure that there is adequate supply of new housing available as buyers begin to return to the market as interest rates continue to decline.”
Benchmark prices decreased slightly in September for both singlefamily homes and for condominium units compared to the previous year. The benchmark price for new condos was $1.02 million, which was down one per cent over the last 12 months, while new single-family homes it was $1.56 million, down 0.1 per cent.
SEPTEMBER HOME SALES IMPROVE OVER LAST YEAR: TRREB
Greater Toronto Area (GTA) resale home sales increased year-over-year in September, as buyers were starting to take advantage of more affordable market conditions brought about by interest rate cuts and lower prices, the Toronto Regional Real Estate Board (TRREB) reports.
“As buyers take advantage of changes to mortgage lending guidelines and borrowing costs trend lower, home sales will steadily increase in relation to population growth,” says TRREB President Jennifer Pearce. “With every rate cut, a growing number of GTA households will afford a longterm investment in homeownership, including first-time buyers.”
GTA realtors reported 4,996 home sales through TRREB’s MLS system in September 2024 – up by 8.5 per cent compared to 4,606 sales reported in September 2023. New listings entered into the MLS system amounted to
18,089 – up by an even greater 10.5 per cent year-over-year. On a seasonally adjusted basis, September sales increased on a monthly basis compared to August, along with new listings.
The MLS Home Price Index Composite benchmark was down by 4.6 per cent year-over-year in September 2024. The average selling price, at $1.10 million, was down by a lesser one per cent compared to the September 2023 average of $1.11 million. On a seasonally adjusted basis, the average selling price edged up slightly compared to August.
“The annual improvement in September home sales was more than matched by the increase in new listings over the same period,” says TRREB Chief Market Analyst Jason Mercer. “This resulted in a better-supplied market and increased negotiating power for buyers re-
entering the market. The ability to negotiate on price, led to moderate year-over-year price declines, particularly in the more affordable condo apartment and townhouse segments, which are popular with first-time buyers.”
“We are pleased with the positive changes to mortgage lending guidelines announced over the past month,” adds TRREB CEO John DiMichele. “The ability for existing mortgage holders to shop around for the best rate without facing the stress test will result in more affordable renewals. Longer amortization periods and the ability to insure mortgages for purchases over $1 million will give homebuyers more options as the GTA housing market recovers. TRREB has long been calling for these changes to give buyers more flexibility as they navigate their home buying journey.”
INTEREST RATE REDUCTIONS EXPECTED TO BOOST MARKET
The Bank of Canada instituted its fourth consecutive interest rate reduction on Oct. 23, lowering its target for the overnight rate a full half-point to 3.75 per cent – the first time it has been below four per cent in two years.
“Activity in Canada’s housing market has been sluggish in many regions due to higher borrowing costs, but (this) more aggressive cut to lending rates could cause the tide to turn quickly,” says Phil Soper, president and CEO of Royal LePage. “For those with variable rate mortgages – who will benefit from the rate drop immediately – or those with fast-approaching loan renewals, today’s announcement is welcome news indeed.
“With every cut to the overnight lending rate, more homebuyers are expected to come off the sidelines. In turn, rising demand will cause home prices to increase more rapidly, eliminating the advantages of lower borrowing costs. We expect that an early spring market is on the cards – a pull-ahead trend we’ve seen in previous market turnarounds.”
A key factor, inflation, has declined from 2.7 per cent in June to 1.6 per cent in September, prompting BoC’s decision to reduce the policy rate by 50 basis points to support economic growth and keep inflation close to middle of the one- to three-percent range. If the economy evolves in line with latest forecast, BoC says it expects to further reduce the policy rate.
The Canadian economy grew two per cent in the first half of 2024 and is expected to grow 1.75 per cent in the second half, while GDP growth is forecast to strengthen gradually supported by lower interest rates. BoC forecasts GDP growth of 1.2 per cent this year, 2.1 per cent in 2025 and 2.3 per cent in 2026.
“The rate drop (on Oct. 23) was a clear signal,” Jesse Abrams, cofounder and CEO of mortgage comparison service Homewise, told HOMES. “It indicates that inflation is cooling faster than expected, and the Bank of Canada is moving to lower rates more quickly than anticipated. This is great news
for prospective buyers and those renewing mortgages, as rates – while still higher than two years ago – are becoming more manageable. This shift is particularly important for the over $350 billion in mortgages set to renew in 2025.”
In addition, Abrams says, many potential buyers who’ve been waiting for a significant rate reduction might now be more inclined to re-enter the market. “However, it’s important to remember that rate cuts often coincide with economic uncertainty. While this is a positive development, there is still market volatility to consider. For example, five-year bond yields have ticked up this week, and the upcoming election could influence future rate decisions.
“Although more rate reductions are likely this year and next, it’s essential for borrowers and buyers to keep the broader economic picture in mind –rate changes aren’t guaranteed with every announcement, especially in a fluctuating environment.”
BoC’s next rate announcement is Dec. 11, 2024.
MILLENNIALS AND GEN Z
MAINTAIN HOMEOWNERSHIP HOPES: POLL
The dream of homeownership is alive amongst younger Canadians, according to the latest Scotiabank Housing Poll. Despite more than half of Millennials (55 per cent) and Gen Z (58 per cent) feeling that buying a home is unattainable, most (58 per cent) Canadians aged 18 to 43 are still determined to purchase a home within the next five years.
“Canadians continue to face barriers in today’s challenging housing market,” says Tracy Gomes, senior vice-president of Real Estate Secured Lending at Scotiabank. “While homeownership may feel out of reach for many young Canadians, their determination to achieve it remains unwavering. With the overwhelming amount of information available, especially for first-time and recent homebuyers, we at Scotiabank are here to support our clients with our tailored financial advice and tools to help them achieve their dream of homeownership.
With the economic environment continuing to evolve, including recent decreases in interest rates, more than half of Millennials and Gen Z (56 per cent) still report the current economy is negatively impacting their finances, causing many to delay their homebuying plans. Concerns about the impact of the economy on purchase plans have grown since 2021, particularly among older Canadians, with affordability concerns among younger Canadians (18 to 34) remaining steady over the years. Despite this concern and the fact that homeownership has declined among younger Canadians in recent years, this cohort’s long-term plans to buy a home remain largely unaffected. When it comes to those who have already purchased homes, many younger Canadians are fast approaching mortgage renewal.
Nearly three-quarters (72 per cent) of Gen Z homeowners and half (48 per cent) of Millennial homeowners will
be renewing their mortgage for the first time, compared to only 14 per cent of Gen X homeowners and 10 per cent of Boomer homeowners. In spite of declining interest rates, this remains a major concern for 68 per cent of Canadians across generations, especially those renewing their mortgages, with 44 per cent prioritizing a competitive rate when choosing a mortgage.
Scotiabank offers a number of tips and tools to help homebuyers prepare, including:
• Find out what you need to get started with Scotiabank’s digital
tools, such as the Scotiabank Mortgage Calculator and What Can I Afford Calculator (at scotiabank.com) to ensure your mortgage fits your budget and to help you understand your mortgage options.
• Cut through mortgage confusion and schedule an appointment with a Scotia Home Financing Advisor (also at scotiabank. com) to simplify the process and support your homeownership goals with tailored advice and solutions – 24/7 in person or online.
BUILDER PROFILE
Geranium uncovered – a legacy and vision for the future
Since 1977, Geranium has been crafting homes that prioritize exceptional quality, lasting livability and community connection, with landmark developments such as Friday Harbour Resort in Innisfil, Clarehaven Estates in Claremont, and Allegro in Aurora.
MORTGAGE REGULATIONS
Ottawa announces bold mortgage reforms to unlock homeownership opportunities
The federal government has announced what it says are the boldest mortgage reforms in decades, designed to address housing affordability and make homeownership more affordable for more Canadians.
DECOR
Using fall to inspiring change in your home decor
Fall is upon us and it’s bringing with it the desire to change up our decor and cosy up for the cooler weather. Adding a touch of autumnal colours to your home can be easier than you think; we just have to look to the great outdoors with its abundance of inspiration, and it’s easy to become motivated to create a new look for our home.
INSIGHT
Why now is a good time to buy preconstruction
The GTA real estate market has always been a hot topic of conversation, and for good reason. If you’re on the fence, here’s why now is the perfect time to invest in pre-construction.
HOUSING MARKET
Study underlines need for government action as new housing lags behind population growth
A new report from the Building Industry and Land Development Association reveals that the number of new homes built in the GTA is lagging significantly behind population growth.
HOMEBUYING
Falling rates rising opportunities – the case for buying real estate now Interest rates have always been a topic of conversation in real estate, and rightly so. After a period of significant hikes, we are now witnessing a downward trend, creating a unique window of opportunity for prospective homebuyers and investors to enter the market.
OTTAWA PLANS TO RAISE THE PRICE CAP
AND EXTEND AMORTIZATION ON INSURED MORTGAGES
JESSE ABRAMS
If you’re considering buying your first home in Canada, there’s some notable news that could make your journey a little smoother. This December, the government plans to expand the amortization period for insured mortgages to all first-time buyers and purchasers of new builds
from 25 years to up to 30 years, as well as raise the cap from $1 million to $1.5 million.
WHAT DOES THIS MEAN FOR CANADIANS?
With the new 30-year amortization period, you’ll have more time to repay your mortgage, leading to lower monthly payments and ultimately easing your short-term financial burden. This will allow potential homeowners to have more monthly capital available for life’s continued
“
” With affordability increased, Canadians have a wider range of housing options to choose from than they did previously.
increasing expenses. However, while this is a step toward affordability, extended amortization could also lead to increased demand in housing, potentially driving prices higher over the long term. Further, extending amortization also means a lot more interest paid over the lifetime of a home. So, if a buyer is expecting to live in that home for the full 30 years, they could expect to spend upwards of 20 per cent more in interest.
WHAT’S THE IMPACT ON INCREASING THE CAP ON INSURED MORTGAGE?
By raising the cap on insured mortgages to $1.5 million, the government is opening up more options for first-time buyers –particularly in competitive markets such as Toronto, Calgary and Vancouver. Such a change allows
you to consider properties that may have previously felt out of reach if your down payment is less than 20 per cent.
For context, before this change, a $1.5-million home would need at least a $300,000 down payment. With this new update, a down payment as low as $125,000 would be required. Many first-time homebuyers have screamed from the rooftops that the main thing that separates them from buying a home is their down payment – so this update will serve them well. However, it is another change that should see the price of homes increase.
WHY DOES THIS MATTER?
It increases overall affordability
The combination of lower monthly payments and access to higher-priced homes can make homeownership more attainable, especially for first-time buyers. With that in mind, this could also stimulate demand and accelerate price growth, which could counteract some of the benefits of affordability.
You have more to choose from With affordability increased, Canadians have a wider range of housing options to choose from than they did previously. You can now focus on finding a home that fits your needs rather than feeling pressured to settle for less.
More financial breathing room
Lower payments on your mortgage can provide some relief as you settle into your new home, helping you manage your finances as a whole. In the same vein, it’s important to be aware of potential market fluctuations and how any volatility might impact your budget.
The 30-year amortization of new builds
The introduction of a 30-year amortization option for new builds is particularly interesting for firsttime buyers. It not only provides a financial pathway to homeownership but also serves as a potential stimulus for the new home market. However, the most effective way to achieve affordability is through a concerted effort to build more homes efficiently, rather than relying solely on policy adjustments that may lead to inflated prices.
To truly make a difference, it’s important to focus on policies that facilitate the construction of new homes. Reducing government red tape, taxes and restrictions is crucial for increasing the housing supply effectively and sustainably.
WHAT TO CONSIDER MOVING FORWARD
As you consider your homebuying journey, it’s a great time to reassess your budget with these new policy changes in mind. Seek pre-approval from a mortgage broker to understand what you can afford under the new rules, and consult with a knowledgeable real estate professional who can help you navigate neighborhoods and property types that now fit your budget.
Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm. thinkhomewise.com
RIVERBANK ESTATES
A NEW CHAPTER FOR PARIS
Renowned for its commitment to quality, Losani Homes proudly presents Riverbank Estates, a remarkable community that redefines modern living. Nestled on the serene edge of the Greater Toronto and Hamilton Area, this exquisite neighbourhood in Paris, Ont. offers an unparalleled lifestyle that beautifully blends elegance, nature and convenience.
At Riverbank Estates, you can choose from a stunning selection of single-detached homes on generous 36- 40-, 46- and 50-ft. lots, or modern freehold townhomes, each meticulously designed with premium
finishes and spacious layouts. Most homes feature expansive backyards that back onto lush greenspace, providing a serene retreat right outside your door. At Riverbank Estates the beauty of nature and the tranquility it brings, all while being just moments away from local amenities, vibrant shopping, fine dining, parks and walking trails making everyday life both convenient and enjoyable.
This exciting master-planned community, developed by Losani Homes, is set to offer residents an unmatched blend of tasteful design, natural beauty and local charm, all
within the framework of a close-knit community that Paris is famous for.
A BRIDGE BETWEEN PAST AND FUTURE
After months of anticipation, Riverbank Estates will be hosting the opening of its newly renovated sales centre in November 2024.
The freshly renovated sales centre is now a part of Paris’ historic downtown core. Situated on the iconic corner of Grand River and Mechanic Street, this facility is more than just a place to learn about new homes – it is a statement of the community’s thoughtful integration
into the town’s storied past. The sales centre is housed in what was once a Home Hardware store, and it brilliantly pays homage to the architecture and spirit that defines downtown Paris. Beautiful historic structures, steeped in history, have long lined the streets of this town, giving it a timeless character that has been carefully conserved This respect for the past is evident in the newly renovated building. Yet, while it honours its historic setting, the design of the sales centre also takes a bold step into the future.
Visitors to the sales centre will find that familiar sense of heritage balanced by sleek, contemporary touches. In fact, a lot of the interior brick from the former hardware store has been preserved in the new presentation centre. The space feels both comfortable and innovative – a design ethos that extends to the homes of Riverbank Estates themselves.
One of the most striking features of the sales centre is the largescale mural running along the building’s exterior paying homage to the town of Paris. This mural is more than just art; it symbolizes Losani Homes’ deep appreciation for the town of Paris and our commitment to creating a community that honours its charm and history. This mural serves as a heartfelt reflection of why Losani Homes chose to build in this picturesque location.
Each letter in the mural tells a story, incorporating elements of Paris’s rich heritage and vibrant present. The “P” displays the lively fair, while the “A” features the beloved Cobblestone Common and the serene river that flows nearby, with the historic Baptist Church and Arlington building gracing the horizon. The “R” highlights the
iconic Wincey Mills and the Penman’s Dam, continuing the narrative into the “I,” which seamlessly connects these landmarks. The “S” honours the Charles Mitchel Cobblestone House, built in 1842, adding a touch of historical significance to the artwork. The background of the mural is a beautiful painterly depiction of the view from King Edward Street Lookout. This vantage point captures the stunning landscape leading to Riverbank Estate, highlighting the downtown access bridge over the Nith River and the lush forestry that encircles our community.
When you visit the Riverbank Estates Sales Centre, it will remind you of the beauty that surrounds you and the rich stories that bind this community together.
THE GRANDEUR OF THE GRAND RIVER
No discussion of Paris would be complete without mentioning the Grand River, which flows serenely through the town, shaping both its landscape and lifestyle. Riverbank Estates will offer residents unparalleled access to this nationally known river. Whether you’re an avid kayaker, a passionate fisherman or someone who simply enjoys the calming presence of water, the Grand River is a yearround playground.
In addition to the river itself, the nearby Lions Park provides an ideal setting for families to gather and make memories. The park offers wide-open spaces for picnics, sports and community events, all within walking distance of Riverbank Estates. For those seeking a deeper connection to the outdoors, the park’s proximity will be a cherished feature of daily life in this new community. As part of the greater Paris landscape, Lions Park reinforces the sense that Riverbank Estates is not just a place to live, but a place to thrive within a broader ecosystem of natural beauty and recreational opportunities.
UNMATCHED PRODUCT OFFERINGS FOR EVERY FAMILY AND BUDGET
While Riverbank Estates is distinguished by its harmonious integration into the landscape of Paris and its access to green spaces,
trails and the Grand River, the homes themselves represent an unparalleled opportunity for customization and choice.
This diversity of architectural styles allows homeowners to choose a design that not only fits their personal tastes but also enhances the overall aesthetic appeal of the community. The mix of elevations ensures that each street will have a spirit unique to itself, adding to the charm and desirability of the neighbourhood.
Riverbank Estates offers a vast array of models for every lot category, ensuring that no matter what type of home you’re seeking, there’s a perfect fit. Whether you’re a young family looking for a spacious layout, an empty nester seeking
something more manageable, or a professional couple in need of a modern and open design, the homes at Riverbank Estates will cater to all needs and lifestyles. With Riverbank Estates, Losani Homes is offering a custom homebuying experience at a production builders price point. And with several innovative townhouse designs also available, Riverbank Estates has something for all budgets and family dynamics.
At Riverbank Estates, the only limit to what you can create is your imagination. This master-planned community, set in the idyllic town of Paris, is more than just a place to live – it’s an opportunity to be part of a dynamic and vibrant community, rooted in nature and history, yet brimming with modern potential. With its unparalleled natural surroundings, thoughtful design and endless possibilities for personalization, Riverbank Estates offers an exciting new chapter in the legacy of Paris.
For more information regarding Riverbank Estates, the upcoming sales centre opening, availability, exclusive incentives or general information, visit losanihomes.com.
PREMIUM RAVINE LOTS & FREEHOLD TOWNS IN PARIS
Life on the Riverbank is timelessly and elegant. Wrapped by the woods and the Nith River, this extraordinary setting will be home to a premium collection of detached homes on 36’ to 50’+ lots and freehold townhomes. Live in the prettiest little town in Canada.
MODERN FARMHOUSE TOWNHOMES IN BEAMSVILLE
Nestled within Beamsville, Ontario, Benchmark stands as a testament to modern farmhouse living at its finest. This community not only captures the essence of rural charm but also offers a host of key features that make it a truly unique and coveted place to call home.
LUXURY RENTALS IN HAMILTON MOUNTAIN
This is SOHO, where style and sophistication come together in the urban heart of Central Park. When you live here, the pulse of the city is right across Highland Blvd., while the peace of Central Park is all around you. SOHO is the perfect balance of both.
MODERN FARMHOUSE TOWNS IN LOWER STONEY CREEK
A vibrant community located in Lower Stoney Creek at Barton and Glover, only minutes from the QEW. Sweetberry offers escarpment views from its modern farmhouse and stacked townhomes, providing a variety of housing options for families and individuals.
THE FUTURE OF REAL ESTATE IS HERE
– AND IT’S AUGMENTED
LIANNE MCOUAT
As someone who has spent more than 30 years helping builders navigate changes in real estate marketing, I’m continually amazed at how technical innovations push boundaries. Developing new strategies to maneuver in
our fast-paced digital world, where technology shapes how we interact with our environment, energizes me. One of the most exciting developments I’ve been following is the rise of Augmented Reality (AR) and its impact on the property market.
AR overlays digital content, such as images or information, onto the real world through devices such as smartphones or AR glasses, creating immersive experiences. We’ve come
a long way from AR being a novelty in Instagram filters or games such as Pokémon Go. Today, AR is a powerful tool for real estate developers and property owners, providing new ways to engage, advertise and enhance physical spaces. A key aspect of this shift is Property Digital Rights (PDRs).
WHAT ARE PROPERTY DIGITAL RIGHTS?
Property Digital Rights are the digital counterparts to traditional property
“Imagine a commercial building where AR hosts dynamic digital advertisements or a residential development allowing prospective buyers to visualize design options in real-time as they explore.
”
rights. Just as you own the land associated with your property, you can also “own” the right to control and monetize digital content overlaying your building. Imagine walking past a building and seeing an interactive advertisement pop up through your phone’s camera or exploring a virtual tour of a space before setting foot inside. This
is the immersive experience AR offers, allowing property owners to decide how and when this content is displayed.
Property Digital Rights enable owners to:
Protect: Decide what AR content is displayed in or around their property, ensuring alignment with their brand.
Control: Manage interactive digital experiences associated with their property, from virtual tours to promotional AR billboards.
Monetize: Generate income by partnering with brands or companies that want to showcase their content in these virtual layers.
EXPANDING YOUR PROPERTY’S EARNING POWER
The implications for property owners are significant. Integrating AR into physical spaces can boost a property’s appeal, increase its value and open new revenue streams. By allowing businesses to create interactive, digital experiences – whether for navigation, advertising or displays –property owners can monetize spaces in innovative ways.
Imagine a commercial building where AR hosts dynamic digital advertisements or a residential development allowing prospective buyers to visualize design options in real-time as they explore. These digital overlays are emerging as a new asset class, offering fresh opportunities for those brave enough to explore this frontier.
VISIONARIES LEADING THE AR REVOLUTION
One company leading the way is Darabase, a UK-based pioneer in managing Property Digital Rights. It has created a platform to help property owners seamlessly integrate AR content into their physical assets, protecting their digital rights while maximizing revenue. Their recent collaboration with our client Venturon, a venture capital firm specializing in PropTech, is a clear sign that this isn’t just a passing trend – it’s the future of property management and digital engagement.
INTO THE IMMERSIVE FUTURE
As we advance in this digital age, it’s clear that AR is poised to revolutionize real estate. Property owners can enhance their physical spaces and actively shape their digital futures. This is no longer science fiction; it’s a transformative wave changing our understanding of property, value and experience.
The most thrilling aspect of this shift is the limitless potential it presents strategically in real estate marketing. We are on the brink of a new era where innovative thinking and bold action redefine possibilities in a digital-first world, and at McOuat Partnership, we are excited to be a part of it.
Lianne McOuat is Vice-President, Strategy, at McOuat Partnership, with builder/ developer clients including in lowrise, midrise, highrise, master-planned, adult lifestyle, resort/recreational, retirement, commercial, industrial and multi-family leasing. mcouatpartnership.com.
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RENOMARK
THE GOLD STANDARD IN RENOVATION
MIKE COLLINS-WILLIAMS
Many homeowners in the Greater Toronto and Hamilton Area (GTHA) enjoy superb, high-quality renovations are familiar with the RenoMark symbol. They see it on renovators’ websites and signage and know it means exceptional workmanship and customer satisfaction.
Renovators and trade contractors also understand what that symbol means. RenoMark elevates their credibility. It signifies their commitment to professionalism, integrity, and continuous improvement. It is a vital point of differentiation in the in the competitive world of home renovation.
HOW IT BEGAN
RenoMark was developed in 2001, the program was designed to connect homeowners to professional renovators. The RenoMark symbol recognizes trusted members of the Canadian Home Builders’ Association (CHBA) who abide by a rigorous, renovation-specific Code of Conduct. The website, renomark.ca, provides homeowners with knowledge and confidence about how to find and what to expect from a professional renovator.
Since 2017, CHBA has been working to grow RenoMark into a comprehensive, national program. In that time, membership in RenoMark has swelled to include nearly 1,100
companies from Newfoundland to British Columbia. A redesigned website and the launch of a number of social media channels has further supported the growing awareness of the program.
AN EXTRA LAYER OF PROTECTION
Earlier this year, CHBA launched the much-anticipated RenoMark online verification system. This online tool will streamline the program’s administration through full integration with the national membership database, automated reminders, annual renewals, and random audit capabilities. This is a crucial step in further enhancing the credibility of the program.
RenoMark Members must attest to the RenoMark Code of Conduct and provide a copy of their contract, warranty, and liability insurance. These documents provide an extra layer of protection, ensuring that any issues arising from a renovation will be promptly addressed by the RenoMark member. The verification serves as a stamp of approval from a trusted authority, alleviating homeowners’ concerns and instilling
confidence and peace of mind in their choice of renovator.
A CLASS OF THEIR OWN
Official verification is a powerful differentiator that sets RenoMark members apart from cash operators. RenoMark members receive access to valuable resources, training programs and networking opportunities within the industry. This not only helps members stay up to date on the latest trends and best practices. It also demonstrates their commitment to upholding industry standards and ethical business practices. It is through this rigorous code of conduct, commitment to quality, and emphasis on clear communication that establishes RenoMark as the gold standard in home renovation.
Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.
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Prices and specifications are subject to change without notice.Renderings are artist’s concept. E. & O. E.
IN THE GTA THE FUTURE OF MIXED-USE DEVELOPMENTS
DEBBIE COSIC
The Greater Toronto Area (GTA) is experiencing a transformation in urban planning, with mixed-use developments leading the charge. These projects bring together residential, commercial and recreational spaces, creating vibrant, self-contained communities that meet the diverse needs of today’s
residents. As urban density increases, developments that integrate living, working, and leisure spaces are no longer a luxury – they’re essential to the way we build our cities.
A prime example of this shift is Parkside Village by Amacon Developments, located in the heart of Mississauga City Centre. This ambitious development embodies the future of urban living, blending residential, retail, office and green spaces to create a complete, connected community. Parkside Village is designed to offer the convenience of city living
“ ” Mixed-use developments such as Parkside Village are not just changing the way we build – they’re changing the way we live.
within a walkable neighborhood, giving residents easy access to shops, restaurants, parks and public transportation.
The newest additions to Parkside Village, the Avia and Avia 2 towers, have now reached the occupancy stage. These towers showcase a diverse selection of modern residences available for lease, making them an excellent choice for individuals and families seeking a vibrant, well-connected community. In2ition Realty is proud to oversee leasing and property management for these towers, providing exceptional service and support to both investor landlords and residents alike.
As these towers reach completion, it’s clear that there is a high demand for living spaces that provide both convenience and a strong sense of community. We’re pleased to
announce that Amacon is expanding this 30-acre development with two new towers launching in 2025. These additions will further enhance the area’s residential options and attract even more residents and businesses to Mississauga City Centre. These new towers are designed to add to the community’s vibrancy, offering a variety of spaces that support the growing population while fostering a thriving, local neighborhood.
Mixed-use developments such as Parkside Village are not just changing the way we build – they’re changing the way we live. They create highdensity communities that make efficient use of space and encourage a sustainable, urban lifestyle. By reducing the need for extensive commutes and offering a place where people can truly live, work and play, these developments are setting
a new standard for urban living in the GTA.
At In2ition Realty, we’re excited to be part of this evolution in urban planning. To stay informed about upcoming releases at Parkside Village, register at lifeatparkside.com. We look forward to welcoming you to the future of community living in Mississauga.
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
TORONTO THE GREAT
CONTINUES TO ATTRACT NEWCOMERS
BARBARA LAWLOR
Every year, I am astounded at how many international rankings list Toronto as one of the best cities in the world. We are fortunate to live in a place where quality of life is paramount. One of the many reasons why Toronto is so attractive globally is the superior health care we have here. In fact, our hospitals are admired on a global scale. In Newsweek’s World’s Best Hospitals 2024 annual report (created in partnership with Statista), Toronto General Hospital (TGH) was ranked the third best publicly funded hospital in the world. When broken down by country, TGH was ranked number one in Canada in that same
report. Part of Toronto’s health care and medical research organization University Health Network (UHN), TGH is home to world-class programs and is Canada’s top research hospital.
In addition, the listing for Canadian hospitals shows Sunnybrook Health Sciences Centre as second in the country, Mount Sinai Hospital third, North York General Hospital fourth, and Toronto Western hospital tenth.
In Newsweek’s ranking of The World’s
“ ” The
City of Toronto was also named one of the Greater Toronto’s Top Employers in 2024.
Best Specialized Hospitals, UHN’s Princess Margaret Cancer Centre was ranked 13th for oncology, and Toronto’s Hospital for Sick Children received special recognition as the second-best pediatrics hospital in the world.
The City of Toronto was also named one of the Greater Toronto’s Top Employers in 2024. This distinction is based on the city’s health and wellness strategy and family support for employees, as well as ongoing employee education with tuition subsidies for courses at outside institutions and in-house and online training initiatives. The reasons for this acknowledgement include dedicated health and wellness strategies for managing workloads and promoting connections in the workplace, maternity and parental leave top-ups, and the support of ongoing employee education with
Motto by Sierra
“
” Toronto is continually declared among the most livable and competitive cities in the world.
tuition subsidies, training initiatives, paid internships, co-op programs and summer student roles.
On another front, last year the City of Toronto was recognized as one of Canada’s Best Diversity Employers. One of the reasons why our city was singled out is the “Profession to Profession Mentoring Immigrants” program that was implemented in
response to employment barriers faced by skilled newcomers. Plus, in 2023, the City was recognized as Canada’s very first “Best Workplace for Commuters” because of its support for employees commuting in sustainable ways such as transit, walking, cycling, carpooling and, of course, opportunities for hybrid work, which enable employees to work remotely at least two or three days per week.
Of course, being the largest city in Canada has a lot to do with Toronto’s appeal. U.S. News & World Report published the 2024 Best Countries global ranking of countries in the world, and Canada came in fourth overall out of 89 nations. They surveyed more than 17,000 people from 36 countries and based rankings on the categories adventure, agility,
cultural influence, entrepreneurship, heritage, movers, open for business, power, quality of life and social purpose. Canada was praised for its policy of multiculturalism, which celebrates the country’s diversity.
Toronto is continually declared among the most livable and competitive cities in the world. We have ample reasons to celebrate.
Barbara Lawlor is CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing and sales of new home and condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. baker-re.com
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WHAT SHOULD PURCHASERS KNOW
ABOUT A RESALE FREEHOLD OFFER?
JAYSON SCHWARZ, LLM
Buyers who have purchased multiple times, are probably familiar with the standard resale freehold offer, but what if this is your first time? This whole process may seem foreign to you. When your realtor provides you with a preprinted offer or agreement of purchase of sale (APS) put out by the Ontario realtors association called an OREA 100. Don’t be intimidated – you always have your lawyer to speak to.
One of the first things to be aware of is the dimensions of the property you are purchasing. This is set out on the first page of the OREA 100. The offer will list the frontage and depth. This is important because as a purchaser you need to know exactly what you are purchasing. You should walk the boundaries and make sure you know where they are. Not all properties have a survey available but if you can get your hands on a survey for the property, this will help. You can then measure the boundaries. This is important particularly, in the older areas of the city, to avoid issues such as disputes with your neighbours, pool and deck placements and set-backs, and to know exactly what you are buying. On the same page as dimensions are the purchase price and deposit. Review this to make sure everything is accurate. Special Conditions or Schedules are also listed on the first page and attached at the end. Some
agents use a schedule for this and frankly it’s not a bad idea as it keeps the offer neat.
The second page of the OREA form shows what chattels are included and what fixtures are excluded. Chattels are items not built in to the floors or walls, such as the fridge, stove, washer, dryer, chandeliers and even the curtains. You should list all the things you are supposed to be getting under the APS because if you don’t list them, they are not yours. Fixtures are attached to the house and can’t be moved without doing damage to the home. Examples of fixtures are the furnace and the air-conditioner.
The Title Search date is shown on page three of the OREA form. This is where your lawyer is especially important to your purchase. The lawyer will search title and send a Letter of Requisitions to the seller’s lawyer to ensure you receive clean title on the day of closing. This means clear ownership and free of any liens or mortgages. Ideally, a lawyer should be given at least five days before closing to complete this, especially since the seller’s lawyer needs time to request any mortgage discharge statements.
One more thing the APS provides is that certain defects in title can be insured over and you are stuck with those defects on title. Have this removed or modified. You are entitled to receive your title free of defects.
Additional clauses can be included in the Schedules, such as: Make sure you have a current survey (last five years) showing all structures, including pools and decks on the property; if you do not have your financing finalized, then make the
offer conditional on financing, as you do not want to be in a position where you may lose your deposit because the seller doesn’t want to provide you with an extension; make sure the offer is conditional on building inspection meeting your discretionary approval; ensure that there is a clause making the vendor responsible for compliance with all city requirements at his or her cost prior to closing; put in a clause making the transaction conditional, for a given period of time on your lawyers review and approval in order that you an opportunity to see your lawyer, get suggestions, changes and explanations, and then return and negotiate.
This is a brief overview of some of the things you should consider. I cannot stress how important it is for you to have a lawyer review the APS before it is firm, to ensure that you are adequately protected.
Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner 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.
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IS TORONTO’S REAL ESTATE MARKET
TURNING A CORNER?
JENNIFER PEARCE
It’s an exciting time for the Greater Toronto Area housing market –buyers are finally catching a break. Thanks to recent interest rate cuts, home sales increased in September, up 8.5 per cent compared to last year. The improved affordability, especially in popular segments like condos and townhouses, has given first-time buyers more confidence to jump back into the market.
The key driver? Lower borrowing costs. As rates drop, more households can envision homeownership as a long-term investment. TRREB’s data shows 4,996 home sales in September, marking an encouraging rise from 2023, along with a 10.5-per-cent boost in new listings. With more options available, buyers are gaining negotiating power – a much-needed
shift in a market that has seen its share of challenges.
According to TRREB Chief Market Analyst Jason Mercer, “The ability to negotiate on price led to moderate year-over-year price declines, particularly in the more affordable condo apartment and townhouse segments.” These price adjustments are welcome news, particularly for first-time buyers, giving them more flexibility and confidence.
Although prices have dipped slightly year-over-year, the market is stabilizing. The MLS Home Price Index dropped 4.6 per cent in September while the average selling price fell by a modest one per cent compared to last year. However, on a seasonally adjusted basis, prices have edged up since August 2024, signalling a positive trend.
Adding to the momentum, recent changes to mortgage lending guidelines have provided further relief. As TRREB CEO John DiMichele points out, “The ability for existing mortgage holders to shop around for the best rate without
facing the stress test will result in more affordable renewals.” The introduction of longer amortization periods and the ability to insure mortgages higher than $1 million are giving buyers even more options as the market continues to recover. With these favourable conditions, now may be the perfect time to buy. At TRREB, we remain committed to supporting buyers, sellers, landlords, tenants and realtors as they navigate the opportunities that lie ahead in this evolving market.
Visit trreb.ca for the latest look into the housing market and to connect with a TRREB member realtor.
Jennifer Pearce, TRREB President, is a Broker and Owner with ReMax Rouge River Realty Ltd., a family owned and operated brokerage. She is a secondgeneration realtor and has been licensed since 2000. trreb.ca
Winter WARMTH FIREPLACE OPTIONS ABOUND
by LINDA MAZUR
The seasons are changing, and with the cooler days and nights, it’s the perfect time for cosying up by the fire. Fireplaces add a certain charm to your home. They add a warm and inviting aesthetic, even when not in use, and are the perfect complement to any
decor style. If you reside in a house, adding a fireplace to your home can be a done with relative ease. However, condo dwellers may encounter a few challenges, from space to accessibility, ventilation, to even finding a realistic looking electric fireplace.
These days, many newly built condos and lofts are often being outfitted with gas or even wood burning fireplaces. If you’re a condo dweller and your home is not this fortunate, all is not lost. There are many different possibilities that will
still give you the beautiful ambiance a fireplace creates while facilitating any structural or venting limitations you may be facing.
Today’s electric fireplaces have come a long way since they first entered the market. They now feature designs that use revolutionary ultrasonic technology to create trueto-life looking flames as well as smoke effects simulating a real wood-burning fire. Advancements in technology have also created the three-dimensional flame, which is a fabulous and realistic design for an electric fireplace. As the industry continues to advance, the flame has advanced to resemble the more traditional type found in gas or wood burning fires. These electric units also offer an environmentally friendly option for additional heat within a space. With options ranging from a traditional insert to a more modern approach, a cast-iron electric wood stove option to a three-sided glass unit, one of my favourite brands is Amantii. Their designs and advancements within the industry allow for many options that suit all styles and enable you to design at an entirely different level; creating stunning fireplaces from a traditional to modern aesthetic.
Choosing the right design and
function for your fireplace is key to maximizing the usage and enjoyment of your investment. As space can sometimes be limited, the addition of a fireplace to your condo should be well planned, and the right sized unit and heat output is definitely an important factor. The nice thing about electric fireplaces is that the depth of the units, and the clearances required are less than gas or wood units, making it easier to work with in small or confined spaces. But adding a fireplace to your home is not simply about function. Let’s face it, a fireplace can be a stunning focal point in a space, and definitely sets the mood for that room. It can be a wonderful complement to a well-designed wall unit that offers you added storage as well as the fireplace feature. A two- or three-way fireplace can be a great addition to a room dividing wall. Or it can be an amazing stand-alone focal point in a space as well.
Are you looking to create drama in your home by using a stunning piece of marble for your fireplace façade? Or perhaps a more traditional approach works best for you with a warm wood
mantel. Whichever way you choose to incorporate a fire feature in your home, rest assured the choices are seemingly endless when designing the facade of your fireplace. From fun paneled wall details to amazing dimensional and textured wall tiles, to concrete, wood, marble and so much more, have fun with your design selections to create a wonderful new feature in your home. We are fortunate to have a multitude of electric fireplace and electric woodstove options available to us today that no longer restrict condo dwellers from enjoying the seasonal charms and comforts of a roaring fire. Electric fireplaces are both environmentally friendly, with zero emissions, and far more budget friendly than their gas or wood burning alternatives. Whether your tastes veer to the more traditional, or you’re out to make a bold statement, you have an abundance of options and design inspirations to draw on. With the seasons changing, and the colder days fast approaching it’s time to create for yourself an inviting, relaxed space for those chilly nights ahead.
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
When I was tasked with designing the Kingsway Village Square units, a stunning new eight-storey luxury rental building in Etobicoke by Dunpar Homes, I knew I wanted to optimize the square footage as much as I could.
Although the specific suites I was asked to design are some of the smaller ones in the building, that doesn’t mean I had to scrimp on style or functionality. In fact, with the right eye and employing smart strategies, I was able to transform each unit into something spectacular and spacious.
If you’re looking for inventive ways to transform an existing room or small space, these tips are some of my best-laid plans.
Paint your walls white
The effect of colour in a home can be huge, and it plays a big part in how you dress a small space. Just like fashion, it’s a rather simple rule of thumb: Lighter colours will make you or the room look more prominent, whereas darker colours will make you or the room appear smaller. With the Kingsway Village Square units, I kept the main living areas a beautiful neutral white – my constant, goto colour – to give the feeling of freshness, airiness and
5ways to transform an EMPTY
SPACE
into something
FABULOUS
by LISA ROGERS
space. If I were to paint those walls dark, say a navy blue or anything more saturated, you’ll feel a bit crowded in, and that’s not going to help make the space feel roomy. Plus, that leaves very little room to switch things up in my decor: A white palette on the walls gives me the freedom and flexibility to change my furnishings around if I so desire. The same can’t be said if I have to work with a different colour.
If you are a fan of colour, don’t feel like you have to reject it entirely either. Use it elsewhere in your home, such as a powder room or a bedroom. Both could work really well, especially as a feature wall, or use it in your artwork or soft finishes, such as pillows, throws and blankets.
Don’t fight with your furniture
When I walk into a room, I want my eye to wander around the entire space and not get stuck on the particular furniture I have in the area. So, I used legs on the furniture. I love Elte Markets, it’s a more affordable sister brand of Elte, and they have some fantastic pieces this season, most of which I used to furnish the model suites at Kingsway Village Square. I wanted people to walk into the suite
where your eye is tricked into seeing through and under everything, because every piece is propped by some legs. No furniture is flush and heavy on the floor, each is “lifted” to create good flow and harmony in each room. There’s no heavy, massive couch that dominates the living room and goes down to the floor with a skirt. No, thank you. Each of my bedside tables in the bedroom has legs, the chairs have legs, everything has legs. It’s a small trick, but one that I promise will yield the most significant impact. Your room will instantly feel larger because of it.
Keep your overall colour palette neutral, nix all those accessories
Whether in the kitchen, the dining room or the bedroom, I always steer clear of too much clutter as well as too bold colour choices, unless I’m playing around with the soft furnishings. Again, the lighter you go, and the less stuff you have, the more open your room will feel. I’m not a minimalist by any means, but I do think there is something to be said about having a few, choice accessories in a room as opposed to bombarding it with every one of your favourite knick-knacks. My general rule of thumb is always for everything you put out, put something away.
Keep calm and carry on
I wanted to keep the kitchen as neutral as possible so it could blend seamlessly into the overall design and feel of the space, so I removed all the hardware and handles from all the cabinets. I wanted lovely, clean lines and with handles, you don’t get that, all you get is busyness. To me, it doesn’t give the impression of an inviting space. Now, I’m no modernist, but there’s something about this look that inspires the exact feeling I want: Calmness.
The same sentiment applies for the bedroom: I opted for mesh roller blinds (you could go either white or black) because the fabrication is very effervescent. They frame
and balance the room well, so it isn’t too busy, and your eye isn’t drawn to fussy curtains. The black-bronze curtain rods and silver grommets help to keep the look elegant, while also not weighing down the space.
Pump up your colour with soft finishes and furnishings
For bigger pieces, whether it is a couch, a bed frame or a dining table, I work with lighter fabrics and lighter shades, but where I do play with colour is in my soft finishes and furnishings, such as artwork, duvet covers, pillows, throw blankets, accessories and even big coffee table books. This is where you can have some fun, and it doesn’t cost a lot. If the mood strikes where I want to switch up my space, I can do it with my soft furnishings quite easily. Williams Sonoma, IKEA and Pottery Barn all have beautiful selections.
Lisa Rogers is Executive Vice-President of Design for Dunpar Homes (dunparhomes.com). Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and as a regular guest expert for fashion and image, health and wellness and design on CityTV’s Cityline. Follow Lisa’s blog at craftedbylisa.ca
Powerful powder rooms Make a splash
by EVELYN ESHUN • photos LARRY ARNAL
The powder room is usually the smallest room in the home, but despite this, it can have the largest impact. Its compact measurements are its biggest attributes, allowing for the use of luxurious materials, intricate patterns and daring colours that might feel too intense in a larger space, or too onerous for small budgets. In the powder room, you can experiment with eye-catching wallpaper, statement lighting and high-end fixtures and finishes, turning this room into a veritable jewel box, no matter where in the house it’s located. While it’s all well and good to “make a splash” in the powder room, each
element has to make sense within the broader aesthetic of the home, ideally maintaining a delicate balance between creativity and cohesion. While the powder room is an ideal space to experiment, it should also still echo the style and palette of the rest of the house. So, whatever style you choose, be sure to incorporate subtle references to the home’s overall design, such as similar materials, finishes or colour accents, to create continuity. Then layer in some standout features, such as geometric patterns, subway tiles or mosaic designs, or juxtapose contrasting textures, such as glossy and matte.
Since this is a small space, and one that’s often separated from the rest of the main living area, the powder room
is a canvas for creativity, where you can make a memorable impression on your guests while having fun with rich, dark or bright colours to add character. Don’t shy away from stronger choices such as blue, emerald green or vibrant red. This space can handle a bold statement with grace.
Bold in black and white
The powder room above on this page has a defined modern feel, with classic black and white elements. The goal was to create a dramatic and opulent space, and it was accomplished by using luxurious materials and mixing patterns without the fear of overdoing it.
A dramatic Arabescato marble counter with lots of movement was chosen as the core statement
piece. A half-slab was sourced at the fabricator’s shop, which saved on the cost, and the impact is stunning. It was the first item chosen for the space, and it became the jumping-off point for the rest of the design.
The black and white marble floor echoes the tones of the marble counter, in a beautiful pairing. Applying a strong pattern on the floor in a small space provides personality and uniqueness. You don’t have to look at it every day, since it is not a primary living area, but it’s a great surprise for those who venture into it.
A powder room is the only space in your private home where guests can be alone, so strive to give them an experience and make them gasp when they walk in.
The wallpaper chosen is textured with a subtle look of snakeskin and a hint of gold that glistens ever so slightly when the lights are on.
True blue
The striking blue powder room on the above left of this page
was squeezed out of a space that was originally part of the home’s entranceway. While it seemed impossible, a clever design made it manageable and functional. The home had only one bathroom upstairs prior to the renovation, so creating another one was a necessity.
The 24-in. floating vanity makes the space more functional, gives your feet a place to rest while handwashing, and allows the beautiful floor tiles to be seen.
Since the vanity area is so small, it was easy to find a remnant piece of marble. The wall-mounted faucet saves a few inches of space, which is critical in this tiny room. An integrated shelf is perfect for displaying decorative items or aromatics, and protects the wallcovering. A small sink is proportional to the vanity and the rest of the space.
The wallcovering is bold and graphic. The notion here is “the smaller the space, the more personality it needs.” Thus, the geometric pattern on the walls and
pro-tip
Give your guests a sensory experience. Use scented candles, a reed diffuser and quality soaps to add a pleasant fragrance. Incorporate texturally comfortable items such as soft hand towels and a floor mat.
floor, which works because the tiles and wallcovering feature the same colours, so the eye does not have to adjust too much.
In a small space, wallcoverings will create depth and a memorable experience. At any point, you are at most three feet from the wall. A paint colour alone will fall flat, but a wallcovering, whether it be a simple texture or a strong pattern, will allow your eyes to roam and be entertained. If patterns make you nervous, put one only on the floor and a simple texture on the walls to create a calmer view at eye level, but the personality will still be there.
Evelyn Eshun is the founder of Toronto-based award-winning design firm Evelyn Eshun Design, renowned and respected for her thoughtfully designed projects. evelyneshun.com
FIND YOUR NEXT HOME
The latest properties in the Greater Toronto Area to keep your eye on
AJAX
1. Time Rossland Road marshallhomes.ca
AURORA
2. Queen’s Grove Collection Yonge St. & Bloomington Rd. northstarhomes.com
19. Port Hope Lakeside Village 415 Lakeshore Rd. masonhomes.ca
20. Kingswood Cobourg 425 King St. E. masonhomes.ca
21. Meadow Heights 82 Hillcrest Road, Port Colborne dunsire.com
SHELBURNE
22. Emerald Crossing Hwy. 89 & Hurontario St. fieldgatehomes.com
DEDICATED TO EXCELLENCE
THESE BUILDERS ARE PROUD OF THEIR COMMITMENT TO EXCELLENT CUSTOMER SERVICE AND CREATING GREAT COMMUNITIES.
THE TIME FOR BOLD ACTION
ON HOUSING IS NOW
The Greater Toronto Area (GTA) is at a crossroads; it is facing the prospect of a deepening housing crisis that threatens the stability and growth of our communities. On Sept. 25, BILD released the third edition of its Municipal Benchmarking Study, and it demonstrates that without bold steps by government and industry, housing availability will get worse in the years ahead, with housing starts failing to keep pace with population growth.
BILD commissions Altus Group Economic Consulting to undertake a municipal benchmarking study for the GTA every two years. The study provides a pulse check on the health of the planning system for residential housing, and how municipal processes, approval timelines, as well as fees and charges, impact housing supply and affordability across the GTA. It looks at 16 GTA municipalities and during study development, municipalities are invited to provide data that underpins the analysis. This year, 13 municipalities provided data and for the balance, Altus constructed a data set using publicly available information. This year’s study is based on the most robust data sample yet, its conclusions are stark and should be seen as a bright red check engine warning light on the region’s dashboard.
The first conclusion of the report is that growth in housing stock is not keeping pace with population growth. While this is probably hardly a surprise for residents, the scale of
the gap is startling. This imbalance is not just a statistic – it translates to real people and families struggling to find homes they can afford and young professionals being pushed out of the market.
Second, the report shows that while there were marginal improvements in municipal timelines, it still takes far too long to approve new housing in the region. Currently, it takes an average of 20 months for a single municipal approval for new housing in the GTA. Approval delays add substantial costs to new homes, with the study revealing that each month of delay adds $2,673 to $5,576 in added cost per unit per month depending on housing type and municipality. Based on average approval timeframes, this adds between $43,000 and $90,000 to the cost of a new home.
Third, the report demonstrates that municipal fees and charges added to new housing are continuing their eye-watering upward trajectory. In the GTA, fees, taxes and charges from all levels of government account for almost 25 per cent of the cost of a new home for the new homebuyer. According to the study, in the last two years alone, municipal fees rose by an average of $42,000 per unit on lowrise developments and $32,000 on highrise units since 2022. On average, municipal fees now add $122,387 to the cost of a condominium and $164,920 to the cost of a single-family home in the GTA. In the most expensive jurisdiction in the report, that figure is $157,643 to the cost of a condominium and $225,627 to the cost of a single-family home.
Lastly, and probably most concerning, the report highlights
a serious decline in development applications, which foreshadows a further deterioration of housing supply. The level of development applications is an indicator of the health of the pipeline and a drop in applications indicates less future supply in the pipeline. This decline is symptomatic of the cost-to-build crisis we are facing – that is to say it has gotten too expensive to build new housing that the market can readily absorb. All of this to say: The time for bold action on housing is now.
This is not merely a housing issue, but a matter of economic health and community well-being. Failing to address these challenges now means risking a future where our cities become increasingly unaffordable, diverse communities dwindle and economic growth is stifled.
Material costs, labour costs and land are market-driven, but all the immediate levers to address the issues facing the GTA housing market are within the wheelhouse of government. It is critically imperative that it takes bold and decisive steps today to streamline the approval process for new housing, cut through the red tape and reduce the overall tax burden it is placing on new-home buyers.
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.
