Welcome to the next phase of mountain homes nestled between Blue Mountain Resort and the award winning Scandinave Spa. A community set proudly apart yet connected by nature. Distinctive architecture inspired by Georgian Bay cabins and mountain chalets. This is everything you want Blue Mountain living to be. This is your Windfall. Save over $100,000 on move-in ready Builder Collection Homes.
• Rental town homes will be complete late summer 2025
• 2 Bedrooms, 2 Bathrooms
• Front Porch, Back Patio, Garage
• Adjacent to Castle Peak Retirement Residence, renters will have access to the retirement communities buzzing social calendar, beautiful amenities, and fine dining.
Contact leasing@castlepeakmuskoka.com or call 705-646-0808 to book a deposit appointment today. www.castlepeaktowns.com www.fieldgateretirementliving.com
A CLEAR AND WELCOMED SIGNAL
WAYNE KARL EDITOR-IN-CHIEF
Active Life 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 Homewise. “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.
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. There are plenty of new-home buying opportunities to take advantage of sooner than later.
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, 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.
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
GARDENING | BEN AND MARK CULLEN
Mark Cullen is a Member of the Order of Canada, and provides gardening advice to more than two million Canadians each week. Ben Cullen’s specialty is food gardening. markcullen.com; Facebook @MarkCullenGardening and Pinterest @MarkCullenGardening.
INSIDE EDGE | RIZ DHANJI
Riz Dhanji is Pre-construction Sales and Marketing Specialist at RAD Marketing. radmarketing.ca.
TECH | GREG GAZIN
Greg Gazin is a syndicated tech columnist, blogger, podcaster, and contributes to canoe.com, Troy Media and Active Life magazine. gadgetguy.ca
REAL ESTATE PRO | BARBARA LAWLOR
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
LEGALLY SPEAKING | JASON SCHWARZ
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.
INDUSTRY REPORT | DAVE WILKES
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.
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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 20,000unit 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.
SALES AND AVERAGE SELLING PRICE INCREASE IN OCTOBER: TRREB:
Greater Toronto Area home sales increased strongly year-over-year in October 2024, and the average selling price was up slightly on an annual basis, the Toronto Regional Real Estate Board (TRREB) reports. Over the same period, new listings were up, but by a lesser annual rate.
“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” says TRREB President Jennifer Pearce.
“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices, prompted this improvement in market activity.”
GTA realtors reported 6,658 home sales through TRREB’s MLS system in October 2024 – up by 44.4 per cent compared to 4,611 sales reported in October 2023.
New listings entered into the MLS system amounted to 15,328 – up by 4.3 per cent year-over-year. On a seasonally adjusted basis, October sales increased month-over-month compared to September.
The MLS Home Price Index Composite benchmark was down by 3.3 per cent year-over year in October 2024. The average selling price was up by 1.1 per cent compared to October 2023 to $1.13 million. On a seasonally adjusted basis, the average selling price edged up compared to September.
“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” says TRREB Chief Market Analyst Jason Mercer. “This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price
growth will accelerate, likely as we move through the spring of 2025.”
“Policymakers can further improve affordability by reducing taxes on home buyers,” adds TRREB CEO John DiMichele. “TRREB supports the Conservative Party of Canada pledge to remove the GST from the purchase of new homes sold for under $1 million, as this is an encouraging step towards giving new-home buyers desperately needed relief. Enhancing the rebate will not only make homes more affordable, but it will also increase the number of homes built.
“Given that the average price of a home in less affordable markets such as the GTA and Vancouver is over $1 million, phasing out the rebate between $1 million and $1.5 million, rather than a hard cutoff at $1 million, would address this shortcoming,” says DiMichele. “Provincial consideration should also be given to matching this proposal.”
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.
BILD URGES COMPREHENSIVE SOLUTIONS TO ADDRESS COST TO BUILD CRISIS IN TORONTO
In a recent deputation before the City of Toronto’s Executive Committee, the Building Industry and Land Development Association (BILD) called for a more robust approach to address pressing housing needs in the City of Toronto. The City’s current proposal, Expanding Incentives for Purpose-Built Rental Housing, is too limited and will not jump start the tens of thousands of stalled new rental and condominium units currently sidelined. The lack of a comprehensive solution is threatening the city’s pipeline of future housing supply and setting up conditions to make the housing crisis worse in the years ahead.
“While the current proposal acknowledges the challenges posed by rising cost to build, it represents a limited solution to a much larger problem,” says Dave Wilkes, president and CEO of BILD. “If the city’s own housing projects, built on city land, with federal subsidies cannot proceed without development
charge and tax relief, it is no wonder that market units are struggling with costs to build, which is in turn acting as a barrier to adding the housing Toronto requires.”
The specifications of the proposed solution are narrowly defined and would be applicable only to the City’s own Housing Now projects or projects that have received a federal subsidy through its Apartment Construction Loan Program. The vast majority of rental and condominium projects, including the 29,000 to 37,000 units that are currently stalled in the development pipeline, will not qualify. Such a niche solution means that as the crop of new buildings currently under construction are completed, very little new residential construction activity will be able to commence, greatly diminishing new housing supply in the region over the next three to five years.
“Today’s costs to build are out of sync with the ability of the market
to absorb. As a result, new rental projects can’t pencil and preconstruction sales for condominiums have plummeted to less than 25 per cent of the 10-year average levels,” adds Wilkes. “Housing starts are declining, and without a comprehensive solution this slide will continue – putting Toronto on the cusp of a very large housing shortfall by 2027 to 2030.”
BILD is actively encouraging the City to urgently seek the involvement and assistance of higher levels of government to expand its solution and develop a comprehensive housing strategy that addresses the financial viability of the sidelined housing projects.
“There is a window to take action today and avert a housing crisis of tomorrow,” says Wilkes. “We stand ready to work with the City of Toronto to encourage all levels of government to come to the table and create the comprehensive housing package the City needs.”
FIELDGATE RETIREMENT LIVING
EXCEPTIONAL SENIOR HOUSING IN MUSKOKA – AND ELSEWHERE
Nestled in the heart of Ontario cottage country, Muskoka is often hailed as one of the most idyllic regions in Canada. With its stunning landscapes and vibrant communities, it is no wonder that Muskoka has become a coveted destination for those looking to enjoy the tranquility
of nature. The region is covered with more than 1,600 lakes, offering countless opportunities for boating, fishing and swimming. For these reasons and many more, Muskoka is an ideal place for retirees seeking a peaceful and fulfilling lifestyle. The region offers a slower pace of life,
ample recreational activities and excellent healthcare facilities.
WELCOME TO FIELDGATE RETIREMENT
LIVING
With an eye to maximize all these natural blessings, Fieldgate Retirement Living, owner and
Castle Peak Retirement Residence, Bracebridge
operator of the well-know Castle Peak Retirement Residence in Bracebridge, is taking significant strides to address the growing need for diverse senior housing options in Ontario. The company is embarking on an exciting new project to enhance living options for seniors in the area.
Recognizing a gap within the seniors housing market, Fieldgate Retirement Living is developing 28 bungalow townhome rentals on a piece of land adjacent to its existing retirement home. This development is designed to offer seniors more choices in living arrangements, catering to those who seek the independence and comfort of a private home, while benefiting from the proximity to the Castle Peak Retirement Residence.
BUNGALOW TOWNHOMES DESIGNED FOR SENIORS
The new bungalow townhomes will offer a range of attractive features designed with seniors in mind:
• Single-level living: Each townhome will be designed to accommodate easy navigation, minimizing the need for stairs and enhancing accessibility.
• Modern amenities: The homes will be equipped with modern kitchen and bathroom fixtures, energyefficient appliances, a garage, back patio and front porch.
• Community atmosphere: By situating the townhomes adjacent to the retirement residence, residents can enjoy a close-knit community atmosphere with access to shared amenities and social activities.
• Maintenance free living: Residents can take comfort in knowing that snow removal, landscaping and general maintenance will all be taken care of by property management.
With completion slated for summer 2025, interest in this project has been notably strong due to the appealing features and benefits of the townhome community. This demand highlights a growing trend towards more independent and community-oriented living arrangements for seniors. As the project progresses, Fieldgate Retirement Living will share updates to keep interested parties informed about construction milestones and leasing information.
Visit fieldgateretirementliving.com to learn more, stay connected for further announcements or secure a place in this vibrant community.
ABOUT FIELDGATE RETIREMENT LIVING
Fieldgate Retirement Living is a part of the esteemed Fieldgate Group of companies. The founding division, Fieldgate Homes, has a rich history of building family homes across the Greater Toronto Area (GTA) since its inception in 1957. Family owned and operated, with decades of experience and a reputation for quality, Fieldgate Homes has become synonymous with excellence in homebuilding. Building upon this storied tradition, Fieldgate Retirement Living was established to extend the same commitment to quality into the realm of retirement homes. Recognizing the growing need for high-quality living spaces for seniors, Fieldgate Retirement Living focuses on crafting environments that blend comfort, safety and community.
Fieldgate Retirement Living currently operates senior living residences in Aurora, Oakville and Bracebridge, and is set to expand its offerings with future developments in Whitby, Dundas, Burlington, Milton and Cobourg. These upcoming projects will cater to diverse preferences and needs, providing a wider array of housing options including townhome rentals and luxury apartments. Of the future developments, the luxury senior apartment building planned for Milton is set to revolutionize the way active adults experience downsizing. Designed with the needs and lifestyles of those seeking a dynamic yet simplified living arrangement, this building promises to be a premier choice for those looking to embrace a new chapter of life with elegance and ease.
For more information, visit fieldgateretirementliving.com.
End unit on one of the Castle Peak bungalow townhome blocks
Fieldgate’s future development at Whitby Harbour, featuring senior apartments, full-service retirement living and memory care
JAN 31 - FEB 2, 2025
INTERNATIONAL CENTRE | MISSISSAUGA
The Home + Backyard Show is Back!
Start your next project the right way by visiting the Home + Backyard Show, presented by RE/MAX, January 31 to Feb 2 at the International Centre. Parking is free! Connect with more than 200 vendors and experts, try out tools in the DIY Centre, check out the model pool, sip and sample drinks in the backyard bar, and more!
Don’t Miss!
Explore the Model Pool! It might be cold outside, so get ready for summer by touring a full-size pool inside the Show!
Sip and Sample Drinks
Join us for samples of craft beer, cocktails, cider and wine in our Backyard Bar! Located right next to the Main Stage.
Get Hands-on!
Learn how to use power tools, do small DIY projects, simple home tasks, paint tips, and get reno tips from the pros.
COLLINGWOOD DEVELOPMENT AND GROWTH PUTTING COLLINGWOOD ON THE FOUR-SEASONS MAP
Collingwood has long been a popular vacation destination, mostly as a weekend winter getaway to enjoy some of the best skiing in Ontario at The Blue Mountains. Summertime, too, has seen increasing activity, as residents from the GTA and elsewhere head to “Blue” for cycling, golf and many of the other activities and festivals in the area.
by WAYNE KARL
But there’s a lot more happening in this part of Simcoe County, situated on the Nottawasaga Bay at the Southern Georgian Bay Region. A beautiful natural location will do that.
LANDMARK REVITALIZATION
Economically, it’s fair to say that Collingwood is still an area in transition. The town’s traditional industrial base has been in decline
for years, though the waterfront Collingwood Terminals grain elevators remain standing as a reminder of this heritage. Some view the massive grey structure, dormant for more than 25 years, as an eyesore for such an area blessed with natural surroundings.
The Town, however, has committed to the Terminals Point Project, a major undertaking to not just revitalize
Freed Blue Mountain
the terminals but to reimagine and invigorate the spit as a whole, with new public spaces and enhanced existing amenities – including a new condo development.
Involving a partnership between the Town and developers Streetcar and Dream, the Terminals Point concept “enables enhanced public access to the Spit, the Bay and the Terminal building itself in ways that would not have been previously possible,” Streetcar says. “The Terminal building is not just being preserved, instead it’s being infused with new life; becoming a cultural, economic and recreational community asset and a beacon for sustainability for the Town of Collingwood.”
On Nov. 27, in fact, the Town held a public session to review the concept design for the redevelopment of the Terminals Point public spaces and marina, which align with the recommendations outlined in the Waterfront Master Plan.
Such projects underline the growing importance of Collingwood
to maximize its potential as a fourseason destination, blessed with mountains on one side and Georgian Bay on the other, while developing new economic opportunities. And to do it all at a pace and size that doesn’t result in the loss of greenspace or the small-town feeling that residents and visitors alike have come to love.
MARKET PERFORMANCE
Given the area’s popularity as a playground destination, real estate in Collingwood sometimes shows the fluctuations that typify the recreational property market. While many markets in the province have shown less than stellar results the last couple years, Collingwood may be especially well poised to take advantage of strengthening conditions brought on by declining interest rates. Moreover, housing stock in the area is increasingly of the permanent residential variety, not just vacation homes.
The median price of a singlefamily detached home in Southern Georgian Bay’s (Collingwood, Meaford, Thornbury) recreational property market for the first nine months of 2024 decreased 4.7 per cent year-over-year to $853,000, according to Royal LePage. Meanwhile, the median price of a condominium decreased 3.5 per cent to $627,000 during the same period. For those looking to buy a house or condominium slopeside or at mountain base, prices typically
start at $1.5 million and $450,000, respectively.
“Recreational buyers have yet to demonstrate a strong reaction to lower interest rates,” says Desmond Von Teichman, broker, Royal LePage Locations North. “We continue to see potential purchasers sitting on the fence, hoping to be the beneficiaries of additional cuts to borrowing costs. As a result, with new listings and sales activity in a holding pattern, we have watched recreational prices continue to soften.
“Looking ahead, we foresee more homebuyers moving off the sidelines as lending rates continue to ease, resulting in a steady increase to recreational prices,” says Von Teichman. “Given that inventory levels remain low, I predict an influx of demand could quickly put upward pressure on prices, as consumers feel more confident about the trajectory of the market and seek to benefit from lower borrowing costs.”
Royal LePage is forecasting that the median price of a single-family
detached home in Southern Georgian Bay will increase 10 per cent over the next 12 months.
Translation: With declining interest rates, would-be buyers may be able to take advantage of these lower purchase prices while they still can.
NEW HOME DEVELOPMENT
With a prized location and blessed natural abundance in Collingwood, it’s no surprise that new home development is taking place to cater to growing demand – much of it from buyers in Toronto selling their residence in the city and moving north for retirement.
Given that it involves a heritage structure with prized marina views, Terminals Point Project and its proposed 117 condo units of various sizes is bound to attract a lot of attention from prospective homebuyers. It will also feature a boutique hotel, shops, restaurants and wellness amenities.
Another major project set to change the Collingwood landscape is Freed Blue Mountain, a masterdesigned development offering luxury hotel living in Blue Mountain Village, launched on Nov. 16. Nestled in the heart of the Village just steps away from the ski hill, Freed Blue Mountain will feature five stories and 196 upscale residential units ranging from 350 to 1,100 sq. ft., with more than 18,000 sq. ft. of new retail space within the Blue Mountain Village community.
One of the more established developers in the area is Georgian Communities, which has a number of prominent new developments in the area, some right in Collingwood, and others nearby.
“We’re excited to begin initial home construction at Craighurst Crossing in the Village of Craighurst and Victoria Annex in Collingwood, with additional sales releases scheduled for the fourth quarter,” Mike Parker, vice-president of sales and marketing at Georgian, told Active Life. “These milestones represent significant progress in
two of our most eagerly awaited communities. Additionally, Windfall at Blue Mountain and Braestone in Oro-Medonte offer final-phase purchasing opportunities, drawing strong interest.”
Parker cites the Blue Mountains’ four-season appeal, and downtown Collingwood’s historic allure, as just some of the attraction to the area.
The beauty of Southern Georgian Bay is also its proximity to other sought-after locales, which are also growing into popular new-home destinations. If you’ve visited the area recently, recall the drive up, and passing through surrounding towns such as Barrie, Shelburne, Horseshoe Valley, Innisfil, Holland Landing, Oro Medonte, Beeton, Dundalk, Wasaga… all of these areas have new lowrise home developments from prominent GTA builders such as Flato Developments, Georgian, Democrat Homes, Rosehaven Homes, Geranium and Stonebridge Building Group.
NATURE LOVER’S PARADISE
At any time of year, Collingwood is a nature lover’s paradise. Of course, there’s expert skiing at Blue Mountain in winter, as well as countless snow-shoeing, snowmobiling or cross-country skiing options.
In the warmer months, hit the links at any one of the handful of championship courses in the area, from Cranberry Golf Course, to Monterra Golf at Blue Mountain Resort, to the Georgian Bay Club and more.
Or book a breathtaking treetop canopy walk, or zipline adventure, or just hit the beach for a swim or canoe or kayak rental. And if you’ve never been, head over to Wasaga Beach, the world’s longest freshwater beach, a short distance away.
Festivals? You want festivals? Collingwood’s got lots of them, from the Peak to Shore Music Festival, Keys to Collingwood Street Piano Festival and the Collingwood Music Festival.
+ LOCATION, LOCATION, LOCATION
In Simcoe County, on the Nottawasaga Bay, at the southern point of Georgian Bay; population 21,793; 160 kms north of Toronto; 21 kms to Wasaga Beach.
KEY LANDMARKS
• Blue Mountain Resort
• Collingwood Curling Club
• Collingwood Museum
• Cranberry Golf Course
• Creative Simcoe Street
• Eddie Bush Memorial Arena
• The Blue Mountains
• Tyrolean Village Resorts
SELECT HOUSING DEVELOPMENTS Collingwood and area
BRAESTONE ESTATES by Georgian Communities georgiancommunities.ca
BEACHWAY CROSSING by Stonebridge Building Group stonebridgebg.com
CRAIGHURST CROSSING by Georgian Communities georgiancommunities.ca
EDGEWOOD GREENS by Flato Developments flatogroup.com
FREED BLUE MOUNTAIN by Freed Hotels & Resorts freedbluemountain.ca
FOREST HEIGHTS ESTATES by Democrat Homes democrathomes.com
GREYSTONE VILLAGE by Flato Developments flatogroup.com
TERMINALS POINT CONDOS by Streetcar Developments and Dream Unlimited dream.ca streetcar.ca
VICTORIA ANNEX by Georgian Communities georgiancommunities.ca
WINDFALL AT BLUE by Georgian Communities georgiancommunities.ca
WOODSTONE TRAILS by Flato Developments flatogroup.com
Model: BCKM1016KS06
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EASIER FOR CANADIANS NEW RULES MAKE MORTGAGE RENEWALS
JESSE ABRAMS
The Office of the Superintendent of Financial Institutions (OSFI) recently announced a new rule for uninsured mortgages in Canada. Uninsured
mortgages no longer require stresstesting at renewal, which could save Canadian homeowners thousands of dollars.
HERE’S WHAT YOU NEED TO KNOW ABOUT THE NEW RULE
For years, many Canadians felt bound to their current mortgage lender at renewal time. A key reason
for this was the stress test, which is essentially an assessment designed to ensure borrowers can handle their mortgage payments in a rising interest rate environment. This stress test often prevented homeowners from switching lenders at renewal or refinance, leading many to accept renewal offers that weren’t necessarily in their best financial interest.
With the recent policy change, the stress test requirement for uninsured mortgages was removed, which means homeowners can now switch lenders more freely without facing this additional hurdle. This change comes at a crucial time, with approximately $350 billion in mortgages set to renew next year –up from around $250 billion this year – making it essential for homeowners to take advantage of this opportunity.
IT’S IMPORTANT TO SHOP DIFFERENT LENDERS
At Homewise, we’ve already noticed a significant uptick in homeowners
seeking better options at renewal, especially through our partner embeddable rate aggregators. As this trend continues, we expect even more Canadians to start shopping around for competitive alternatives and take the time to see what else is out there.
It’s crucial to keep in mind that lenders have teams focused on maximizing profits, which often leads them to offering you higher rates when it is time for renewal. That’s one of the reasons our team at Homewise emphasizes to never settle for your lender’s offer at renewal. By simply exploring other options, you could save a considerable amount of money. For example, our team has been able to consistently secure our clients new rates up to 0.4 per cent less than their existing lender at renewal.
To get the best deal, it’s essential to start shopping around at least four months before your renewal date. Begin by reviewing your current lender’s offer, then reach out to a mortgage broker to see what alternatives are available. A broker can provide access to a broader range of lenders, rates and features – making it easier to find a competitive deal compared to your home bank.
NAVIGATING THE HIGHER RATE ENVIRONMENT
Given the current economic climate and rising interest rates, the importance of this change cannot be overstated. Many homeowners are understandably anxious about renewing their mortgages, especially if their current rates are significantly higher than those available on the market. This new rule sets out to encourage more competition, which could eventually lead to lower rates for borrowers.
It’s also worth noting that this announcement is coming off the tail of two other policy changes. Last month, the government revealed plans to expand the amortization period for insured mortgages to all first-time buyers and purchasers of new builds from 25 to up to 30 years, as well as raise the cap from $1 million to $1.5 million. Together, these
announcements are likely to heat up the housing market, emphasizing the need for homeowners to carefully explore their lending options.
THE BENEFITS OF SWITCHING LENDERS
Switching lenders at renewal can offer several advantages beyond just securing a lower interest rate. Here are a few benefits to consider:
1. Getting a better rate: Of course, this is the obvious based on what is noted above, but shopping lenders to get a better rate can save borrowers thousands of dollars.
2. Improved features: Beyond rates, new lenders may offer more favorable features, such as reduced fees or more flexible repayment options.
3. Enhanced customer service: Working with a broker, such as ours at Homewise or someone similar, provides advice that you may not get when just accepting your renewal. This can be insights into what the right term may be, money-saving ideas and more.
4. Potential for cashback: Some lenders offer cash-back incentives for switching, which can help cover moving costs or other expenses.
These recent changes to mortgage renewal rules in Canada provide a valuable opportunity for homeowners to reassess their mortgage options. With the elimination of stress testing for many types of mortgages, switching lenders has never been easier. By taking the time to shop around with a company such as ours at Homewise, you can position yourself to secure a better rate, improve your mortgage terms and ultimately save a significant amount of money.
Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm. thinkhomewise.com
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7 LATE-SEASON TIPS FOR YOUR FOOD GARDEN
MARK AND BEN CULLEN
We have been thinking about food a lot lately. Every time we are in our gardens, we are reminded that the food we grew with such pride through the summer is melting away into pockets of rot. But we are here to tell you that in fall, there is an encore happening in your garden and celebration is not finished.
LEEKS
Leeks are running Mark’s life these days. He grew more than he can count, on account of when he sowed four packets of their seeds,
he had 110-per-cent germination (an impossibility, we know, but this is how it feels to be successful in the garden). Every gardener has had this experience.
Leeks enjoy the cold, especially temperatures below freezing. They get bigger and better by the day.
Carrots are much the same. Bring on the cold weather, they say to one another as they huddle shoulder to shoulder in the cold, sandy soil. We suggest that you dig them soon and put them in bushel baskets of dry sand to hold them over the next couple of months in your garage or cold cellar. They can carry on their discussion there while waiting for you to bring them to the table.
PUMPKINS
No doubt you recently picked up a pumpkin at your local food retailer
or farmers’ market. We remind you that pumpkins are 90 per cent water. Therefore, throwing them out or disposing of them at the end of your driveway makes no sense. Think about all the garbage trucks in November that are driving around with large orange vegetables: Neat packages full of water. It makes so much more sense to just place it on the surface of the soil in your garden and let Mother Nature rot it down into something useful for your soil. In time, it will assist in building microbes and organic matter there.
RASPBERRIES
If you had a great crop of raspberries this season, now is the time to cut them down by removing the canes that fruited this summer. Cut the woody stems to the ground. Leave the young growth that occurred in
August to mature and produce fruit next season. If you have fall bearing raspberries, then finish picking and cut down the fruiting canes next spring.
GARLIC
The whole routine of planting and harvesting garlic is counter intuitive. You plant the cloves now in open, well-drained soil. Come July, they will sprout a long stem with a pigtail and flower on the end of it: This is called a scape. Three or four of these sell for big bucks at the farmers’ market in July, so cut and use them. Every part of the garlic plant is edible, so be creative and use the flowers in salads or whatever you are cooking on the barbecue that time of year. When you harvest the garlic in August, leave the bulbs in the sun for a few days. Then tie the stems together and hang them in a cool, well-ventilated place until you are ready to use them in the kitchen.
RHUBARB
If you have a large rhubarb plant in the garden, now is an appropriate time to dig it up, divide it into smaller root portions and replant it or give
away some of the divisions. This is also true for hostas, daylilies, monarda and many other perennial flowering plants.
STRAWBERRIES
Strawberries that have been in the same soil for three years or more are ready to be dug up, separated and moved to new ground. Make sure that their new home is completely weed-
free at the time of planting, or you will regret it. Weeding strawberries is not our favourite job.
ASPARAGUS
Spring is when the new plants are available for sale and therefore planting. However, if you have an established clump, now is an appropriate time to make sure that it is weed free. Let the leaves and stems stand over winter. They will help to accumulate snow as a natural insulator, and they add some interest to the winter garden.
It may be late in the season, but don’t forget that the garden still needs some of your attention.
Mark Cullen is a Member of the Order of Canada. He reaches more than two million Canadians with his gardening/ environment messages every week. Receive his free monthly newsletter at markcullen.com Ben Cullen is a professional gardener with a keen interest in food gardening and the environment. You can follow both Mark and Ben on Twitter @MarkCullen4, Facebook @MarkCullenGardening and Pinterest @MarkCullenGardening.
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MAXIMIZING GAINS IN A TOUGH MARKET:
THE CASE FOR GTA PRE-CONSTRUCTION HOMES
DEBBIE COSIC
As we close out 2024 and reflect on some of the most challenging real estate conditions in decades, there’s reason to remain cautiously optimistic about the GTA market. Despite the challenges and uncertainties, current market conditions provide a unique opportunity for prospective buyers and investors. Several factors are making this an opportune time to
consider real estate investment, from interest rates and attractive incentives to the limited supply of new housing options.
Today’s pre-construction condo developments offer extended closing periods, typically four to five years. This timeline allows buyers ample time to save for their deposits while securing properties at today’s prices. Additionally, many developments feature flexible deposit structures, with requirements often as low as 10 per cent total deposits, in some instances spread out as low as three per cent per year. This staggered
“
” For those considering buying pre-construction, this period offers a unique combination of lowering interest rates, favourable purchase terms, and limited inventory.
approach can significantly ease the initial financial burden, making homeownership or investment more achievable.
Another advantage is the availability of substantial discounts offered by developers. With recent market slowdowns, many projects are incentivizing buyers with reduced prices, creating a rare opportunity to buy at a discount. Additionally, with fewer new developments breaking ground, future inventory will be limited, which could lead to a classic supply-demand imbalance and rising prices when the market regains momentum.
While historic gains in real estate may not replicate at the same speed in the near term, the potential for long-term appreciation remains
strong. Real estate has consistently been a solid investment over the years, offering stability and tangible value. This trend, coupled with the current market conditions, means that those who enter the market now may benefit significantly as demand eventually outpaces supply.
For those considering buying pre-construction, this period offers a unique combination of lowering interest rates, favourable purchase terms, and limited inventory. In2ition Realty offers a diverse portfolio of projects across the GTA, each designed to match these ideal conditions. Whether you’re looking for a first home, a strategic investment, or a luxury property, our range of options caters to various needs and budgets.
Explore these opportunities with us at in2ition.ca or follow us on social media @in2itionrealty for the latest updates. Don’t miss this window to secure a property before the market shifts once again, setting yourself up to benefit from the upward demand and limited future supply
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
GREG GAZIN
HOW TO STAY ONE STEP AHEAD
OF
COSTLY WATER DAMAGE
People often fear fire damage to their homes more than water damage because fire is immediate, destructive and life-threatening. Water, except in natural disasters that cost billions annually, seems less dangerous and acts gradually but can still ruin property, weaken structures and create hidden health risks, making it just as costly in the long run. Fortunately, affordable technology such as the Flo Smart Water Monitor and Shutoff by Moen helps minimize that.
AUTO WATER SHUTOFF 24/7
This innovative device pairs with the Moen Smart Water Network app and connects to your home’s incoming water supply. It keeps an eye, monitoring your home’s water (pressure, temperature and flow rate) 24/7 and alerts you at the first sign of a leak or issue. With Moen’s MicroLeak Technology, it runs daily proactive tests that can detect a leak as small as a drop per minute from a worn-out drain, pipe or leaky valve. You can choose to shut off the water directly from the app or configure your settings to immediately trigger an automatic shutoff. This is especially handy if frozen pipes burst in the dead of winter while you’re relaxing on a beach in Mexico.
AI-ENABLED
This device incorporates Moen’s latest FloSense 3.0 technology, which uses machine learning algorithms to analyze and learn about your family’s water usage patterns. With more accurate leak detection, your Flo Smart Water Monitor and Shutoff can better protect your home by sending timely, reliable alerts when it matters most.
The beauty of this system is that beyond leaks, it can also detect shifts in water consumption patterns. For example, if you usually shower for five minutes but go for 20, Flo Smart will alert you. It also acts as a handy reminder of water usage for the eco-conscious.
From day one, Flo Smart learns your “normal” water routines. After answering a few onboarding questions, for the first seven to 10 days, it remains in learning mode, during which you can monitor usage, but no alerts are sent.
ALERT CHOICES
Alerts can be received via email, text, phone call or through the app. You can also monitor your system in realtime through the app’s control panel.
Flo Smart has three modes: Normal, Away and Sleep. Normal mode is for your typical day. Away mode is for when you’re traveling, with more stringent alert settings. Sleep mode helps avoid unnecessary alerts, such as when you’re filling your pool or hot tub.
It’s also compatible with Alexa, Google Home and Apple HomeKit.
INSTALLATION AND COMPATIBILITY
Flo Smart connects to your home’s 2.4GHz Wi-Fi, is AC-powered and conveniently plugs into a standard outlet. It comes with a 10-ft. cord and optional low-voltage 25-ft. extension. There’s also a special hex key to manually engage the water shutoff knob in the event of a power failure.
Flo Smart can be easily installed with a little DIY know-how. It comes with connection fittings and spare parts, but you’ll need your own tools. It’s placed after the water meter, main water shutoff and pressure-reducing valve, if you have one. The app guides
you through the installation process, and there are also helpful videos to assist. However, if you want peace of mind, I highly recommend hiring a qualified plumber.
MOEN SMART LEAK DETECTOR
The Moen Smart Leak Detector consists of a base unit and a mini remote sensing disc, adds another layer of protection, both intelligently monitoring moisture, humidity and temperature, customizable to your environment. You can be alerted if the dishwasher or hot water tank is leaking, or if the furnace stops working and the ambient temperature drops.
Smart Leak can be placed almost anywhere water may be present and operate as a low-cost standalone device. As it also uses Moen’s Smart Water Network app, it can also partner with your Flo Smart Water Monitor and Shutoff for added protection. In the event of an alert from the Smart Leak detector, the app can send a signal to Flo Smart to automatically engage the water shutoff.
Leak detector requires no special installation. It comes with a wall mount base and hardware. It runs on a 3V CR123A lithium battery (included), which should last for up to two years.
FINAL WORDS
The Moen Flo Smart Water Monitor and Shutoff comes in three
configurations for three-quarter-in., one-in. or 1.25-in. pipes, starting at $699, and available from Home Depot and Amazon. The Moen Smart Leak Detector retails for $75, or about $185 for a three-pack, also available on Amazon, Home Depot and Canadian Tire.
For an additional $5 per month, you can subscribe to Flo Protect, an option that will cover up to $5,000 of your insurance’s water damage deductible and extend Flo Smart’s warranty to five years. Your insurance company may also offer discounts on your annual premiums if you install smart shutoff valves.
Both of these devices make for an affordable and convenient solution for safeguarding you home – whether you are at home or away.
For more information, visit moen.ca/flo.
Greg Gazin is a syndicated tech columnist, blogger, podcaster, and contributes to canoe.com, Troy Media and Active Life magazine. gadgetguy.ca
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THAT IS RIGHT FOR YOU HOW TO CHOOSE A COMMUNITY
When shopping for a new residence, there are many things to consider to find the perfect choice for you. One of them is community. You may buy a house or condominium suite, but your lifestyle extends far beyond the bricks and mortar to
your surroundings. As you shop, find out what opportunities are available for socializing, exercising, entertaining, shopping and running other errands – the things that mean so much as you go about your day-to-day routine.
BARBARA LAWLOR
Northshore Towns by National Homes
If you select a lowrise home, look at how far it is to drive or walk to local amenities. Perhaps the community features a multi-purpose centre or a convenient shopping centre. Is public transit access nearby? If so, taking a bus or subway could make going to work or running errands handy. Is there a park in the neighbourhood? That’s especially important if you have children who love to play outdoors or a dog to walk. Some communities have communal gardening plots, greenhouses and the like. You may elect to go freehold, or perhaps you
like the niceties that come along with a lowrise community where a condominium component covers the neighbourhood roads for snow removal and some year-round exterior upkeep.
Of course, the concept of community also factors in significantly in condominiums, which are in essence vertical communities. Condo residents love being able to work out, host large parties, barbecue, swim, watch movies and sports events on the big screen, lounge with neighbours, and even do
a bit of shopping on the ground floor without ever leaving the building. For them, the maintenance fees are well worth the convenience.
The fact that condominiums are placed close to transportation nodes and local amenities also plays a major role in people’s decisions to go condo. For intensification purposes, condominium developers are required to place buildings where residents can make use of existing and future infrastructure. This holds true for Toronto and for the GTA.
Today, families are also choosing to live in condominiums because of convenience. Some buildings contain a daycare facility, which is ideal for parents of babies and small children. Teens are able to hop onto a bus or subway to travel to games, concerts and other events – eliminating their parents having to warm up the car and drive them. Again, ease of living is key.
If you do decide to live in a condominium and believe there are amenities you may not use, such as a pool, keep in mind that when you go to sell someday, having swimming available in the building may sway a potential buyer’s mind. In addition, once you move in, you may find you love communal areas more than you thought.
Every buyer is different, and sales representatives recognize that. It is important to find the best home or condo suite to fit your needs and wants. What all new home purchasers have in common is the enjoyment of warranty coverage and being the dwelling’s first owners. Go vertical living.
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
WOMEN IN INDUSTRY: EQUALITY AND DIVERSITY IN CONSTRUCTION
MIKE COLLINS-WILLIAMS
The West End Home Builders’ Association (WEHBA) is proud to highlight its ongoing commitment to promoting gender equality and inclusion in the construction industry through various initiatives, including two significant events held in October. The WE BUILD Showcase, hosted on Oct. 9, 2024, and the Seventh Annual WIN Luncheon, on Oct. 24, 2024, are vital milestones
in WEHBA’s mission to empower women in construction, skilled trades and STEM fields, reflecting the growing recognition of women’s contributions across all sectors of the industry.
WE BUILD SHOWCASE INSPIRES YOUNG WOMEN IN SKILLED TRADES
For the third consecutive year, WEHBA partnered with Mohawk College and the Ontario Youth Apprenticeship Program (OYAP) to organize the WE BUILD Showcase at Mohawk College’s Stoney Creek Campus for Skilled Trades. This event provided 100 young women
in Grades 7 and 8 with hands-on introductions to various career paths in residential construction, skilled trades and STEM fields.
The full-day event featured interactive workshops, guided tours of Mohawk’s Marshall School of Skilled Trades and Apprenticeship Campus, and engaging sessions aimed at inspiring the next generation of leaders. Students explored a range of trades and specialties through friendly competitions and activities led by WEHBA members and community partners.
The WE BUILD Showcase also featured booths from various
valued members in the industry, including Cachet Homes, Dynamic Heating and Cooling, Guest Plumbing & HVAC, Heartwood Renovations, Milwaukee, Ontario Youth Apprenticeship Program (OYAP), Turkstra Lumber, WalterFedy, and YWCA Hamilton. Through direct engagement with industry professionals, students explored the possibilities of working in these fields and learned about the academic pathways to get started.
WIN LUNCHEON CELEBRATES SUCCESS AND CONNECTION
Following the WE BUILD Showcase, the WEHBA held its Seventh Annual WIN Luncheon, which brought together incredible women in the industry for a day filled with motivation, connection and inspiring success stories. This event recognized outstanding contributions within the industry and honoured individuals who are making a significant impact.
The WEHBA proudly recognized Andrea Peckart with the Women in Industry Award and Kirstin Jensen with the Women in Industry
Young Contributor Award for their outstanding contributions. Their achievements highlight the increasing impact of women in the field and serve as an inspiration to future generations.
The luncheon featured a panel discussion with industry leaders, including Karen Linseman, vicepresident of operations of the Innovation Factory; Khadija Hamidu, vice-president of economic development at YWCA; and Samara Young, associate dean of building systems and sustainability at Mohawk College, moderated by Terri Johns, WEHBA past president and founder of Landwise. The discussion emphasized the importance of authenticity, self-worth and mentorship in advancing women’s roles within the industry.
BUILDING A STRONGER FUTURE TOGETHER
The WEHBA Women in Industry (WIN) Committee, founded in 2018, is the first women’s group within a Home Builders’ Association in Canada. Comprised of passionate women, the committee is dedicated
to supporting, educating and empowering women in construction, development, trades and STEM fields. Through networking events, educational sessions and monthly meetings, the WIN Committee fosters connections that advance gender diversity within these industries.
As WEHBA continues to champion equality and inclusion in construction, these events represent a pivotal step in inspiring and empowering the next generation of women leaders in the trades. With the support of community partners and industry members, WEHBA is dedicated to creating a more inclusive environment where women can thrive and excel in their chosen careers.
Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.
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2025 AND BEYOND:
WHAT’S DRIVING THE FUTURE
OF TORONTO PRE-CONSTRUCTION CONDOS?
RIZ DHANJI
With just a little more than a month left in 2024, the pre-construction condo market in the Greater Toronto Area is poised for notable shifts as we look into 2025 and beyond. Changing interest rates, evolving buyer
demographics and a constrained future pipeline are shaping a market full of both opportunities and challenges. Developers, investors and end-users are closely monitoring these trends to navigate what’s to come.
LUXURY REDEFINED FOR THE MODERN BUYER
Luxury condos have long been a staple of Toronto’s high-end real estate market, but the definition of luxury is evolving. In 2025, high-end living will increasingly emphasize lifestyle features that go beyond traditional luxury finishes. Buyers now seek units that support daily comfort and community, not just prestige. High-quality materials and functional layouts are in demand, along with convenient amenities that make condo living feel like a wellrounded experience.
For developers, this shift means that thoughtful design and a focus on quality craftsmanship are more essential than ever. With fewer projects expected to launch for a while, there’s an opportunity to redefine luxury in ways that prioritize livability and exclusivity. This approach could cater not only to those looking to the future for high-end investments but also to a growing base of end-users seeking primary residences.
THE SHIFT TO END-USERS
The market is seeing a noticeable shift from investor-driven purchases to end-user demand. More people are looking to make pre-construction condos their long-term residences rather than short-term investments. This shift is reshaping the types of features and amenities developers are offering. Unlike investors, end-users prioritize elements that add value to their lifestyle, such as home office spaces, shared wellness areas and community-building amenities.
As end-users become the focus, there is greater demand for layouts that allow flexibility, spaces that support work-from-home needs and enhanced privacy features. Amenities such as co-working lounges, rooftop gardens and fitness centres are no longer just add-ons but are essential for buyers seeking a lifestyle that integrates wellness and convenience. Developers who cater to these needs are likely to attract a new wave of buyers committed to their condos as permanent homes rather than investment assets.
2025 AND BEYOND: MARKET CONSTRAINTS AND PRICE PRESSURES
Looking ahead, a slowdown in new project launches suggests that the condo market may face a supply gap beginning in 2026. With many developments either on hold or set to complete in the coming year, fewer new units are expected to complete until 2029. This limited pipeline could
drive up prices as demand begins to outpace available inventory. As a result, prospective buyers in the GTA may face increased competition and potentially higher costs for new condos.
This constrained supply also emphasizes the importance of timing for both buyers and developers. While the current rate cuts are gradually encouraging market activity, it remains uncertain how quickly the inventory can be absorbed. For now, lower interest rates provide an opening for end-users to enter the market and lock in units before prices rise. However, as the market stabilizes, scarcity could lead to price pressures that affect both end-users and investors.
PREPARING FOR A NEW PHASE
In 2025, developers, buyers and policymakers are set to play key roles in shaping the future of Toronto’s condo market. The focus on end-user priorities and the drive to redefine luxury have opened doors for a more inclusive approach to high-end living. At the same time, a limited pipeline points to potential affordability challenges in the years ahead.
As this market transition unfolds, developers who anticipate end-user needs, emphasize quality, and address lifestyle preferences are likely to succeed. In a year defined by both challenges and opportunities, these shifts signal a new phase for the GTA’s pre-construction market – one where high-quality, end-user-focused developments will lead the way forward at least for a little while.
Riz Dhanji is Pre-construction Sales and Marketing Specialist at RAD Marketing. radmarketing.ca.
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IS IT FINALLY TIME
TO BUY YOUR NEW HOME?
JAYSON SCHWARZ, LLM
Interest rates are finally beginning to come down. The market appears to be settled and prices, although not dropping in freehold, are not rising significantly either. Condominiums aren’t moving, so that housing type might be worth considering. For the first time in a long time, it’s a buyers’ market.
SO, WHAT DO YOU DO?
Don’t be afraid, take your time, do the research to identify the area you like, the services available to you and ensure that there are no hidden matters that could affect your decisions. What do I mean? No old dumps, train tracks, commercial malls to be built next door, or unknown condo amenities. Visit the local municipal offices and check with the planning and zoning department to ensure you know exactly what is planned for your neighbourhood.
Ensure that you and your significant other (if applicable) have solid, provable income streams and savings, and then speak to the mortgage specialists at the bank you deal with, and at the same time speak to a reputable mortgage broker. Companies such as the Mortgage Centre in Mississauga and Mortgage Providers in Toronto have the experience and integrity to get you the best deal. Find out how much money you are able to borrow and how much of a deposit you’ll need to put down. This will allow you to focus on homes you can afford. Get
a pre-approval in writing so you have something to rely on, because today especially, it is critically important that you don’t get caught up in the rush of buying beyond your budget. Nothing is worse than living for the house, not living in and enjoying your home. Once you identify how much you can spend, determine if you want a condo or freehold home. Condo living provides a carefree lifestyle – someone else takes care of tasks such as cutting the grass and shovelling snow – and you pay common expenses. In addition, you may be limited in terms of how you can use the common amenities, and possibly even your own unit. And remember, due to the current softer market conditions, you may be able negotiate on price when buying a condo. A freehold home, on the other hand, provides the freedom to do what you want with the property, but maintenance and upkeep fall on your shoulders. The choices are boundless. Next find a reputable lawyer who understands real estate, and a real estate broker you can trust. As an
example, I refer people to my son, Jonathan Schwarz, at Johnston & Daniel Division, Royal LePage Real Estate Services Ltd., Brokerage. Once you’ve found the right area, type of home and realtor and lawyer, it’s time to find your home. Tour desired neighbourhoods, look for signs, read publications such as Condo Life, HOMES and newspapers, and visit schwarzlaw.ca and view the articles section, for more information on how to proceed.
Find your future home and make an offer. The timing is on the buyer’s side, for a change. Happy home hunting.
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.
NATURAL BEAUTY WITH A TOUCH OF WOOD
by LINDA MAZUR
There is something about decorating with wood that is just so pleasing. Wood is warm and inviting, lending itself well to virtually any decor style. With its organic vibes and an abundance of personality and character, decorating with wood can move beyond just the basic flooring and furnishings.
From simple accessories, to lighting, beautiful contemporary bathroom faucets, wall and ceiling cladding, furniture, kitchen accents
and much more, incorporating wood in your home, outside of flooring, is only limited by your creativity. As a designer, I love the versatile nature of wood, and how its nearly endless array of colours and grain options can complement, and sometimes even dictate, the style within a space. Whether you feel more comfortable with a light, airy and modern vibe or love the rich, dark more formal woods, I’m sure you can agree that the addition of wood accents to your
home can create a depth in your design. However, working with wood is not just about simply incorporating it in your decor or using it creatively, it’s also about mixing wood types and tones to create a more stylish and elevate space.
When looking to mix and match your woods, the approach is no different than when you blend anything else, such as colour, textures or styles, it’s all about creating continuity or a story of sorts. You need to pay attention to key details such as grain, undertones and finish, to successfully blend your woods, as well as the overall style of the space and how the placement, usage, and proportion of your wood accents balance and complement the room. Another way of mixing multiple wood tones can be by introducing contrasting colours. For example, a room with several shades of warm-toned woods can be pulled together and punctuated with a highcontrasting wood stained in a dark, almost black finish. This can complete the space by adding more depth to the design, while adding visual interest.
Once you put together the palette that works for you, then all you really need to do is ensure you repeat the shades, at least two times, throughout to maintain continuity and structure within your space; this will make your room look well “pulled-together” without a lot of effort.
Mixing wood tones and decorating with wood in general is not as difficult as you may think, and it can create results that are truly stunning, edgy and stylish. Whether you decide to keep it simple by incorporating a few wood accessories or maybe barstools; or are a little more adventurous and looking to create more drama in your space with a beautiful walnut grain wall panelling or a wood inlay wallpaper the addition of wood elements will undoubtedly create a totally chic space in your home.
Here are a few tips to keep in mind:
• If you can, keep your tones consistent when mixing woods, work in all warm or all in cool.
• Select one principal wood tone and one or two secondary wood tones when blending. The principal wood tone is usually the one that will occupy the most space, for example, flooring, wall feature, dining table.
• If there is a drastic difference between your floor colour and other furniture tones, the introduction of a patterned rug can help blend them together better.
• Don’t necessarily place similar tones of wood close together. It’s all about balance, consistency and harmony. Placement and moderation are key.
• Decorating with wood and mixing different types or tones of wood can be impactful, but ultimately, it’s only a part of the overall design of the space – colour, texture, pattern all still play an important part.
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
Keeping your houseplantswinteralive this
With the cooler weather upon us and no outdoor plants to attend to on our balconies, our thoughts turn to having caring for our greenery indoors throughout the winter.
The “plant parent” movement bloomed during the pandemic, with so many of us filling our homes with new plants and greenery to spruce up our space and make staying at home feel more fulfilling. But come wintertime, all those plants we lovingly nurtured during the summer growing season can take a bit of a turn – think browning and shedding leaves – with reduced sunlight and dry air from indoor heating. Winter isn’t a time when your plants will thrive, but they can survive and last through this dormant period with the proper care and attention.
Plant pros have plenty of simple steps you can action to keep your greenery healthy in the winter, and here are some of my fail-proof favourites, plus a shopping list on the best winter houseplants:
Think about a new placement
Look for spots in your home that still get the most sunlight, but avoid putting plants too close to drafty windows or radiators. Grouping plants together is also a great way to regulate moisture because plants release vapour into the air, so gathering them together can create a cluster of humidity between them.
Don’t repot or fertilize
Your plants won’t have the energy at this point to process fertilizer, and you’re going to have a buildup of salt and that material in the root system that could potentially damage the plant. Instead of following your spring/summer watering schedule, look for signs of thirst, such as curling or drooping leaves, since your plants won’t be consuming the same rate of water. And be careful not to over water your plants as this can cause the roots to rot.
Mist
Outdoor plants experience fog, rain, and mist during their spring/summer growing season. Indoors, the air is dry from your heating system. Remember to give them a little spritz from a mister every few days to keep houseplants happy.
Dust them
Yes, this is true. It’s essential to keep your plants clean, because when they get dusty, they can’t breathe. It plugs their leaves, which have tiny pores called stomata. If you cover a leaf surface with dirt, it won’t get the full effect of photosynthesis sunlight.
Rotate them often
Your houseplants like light all over, so don’t forget to rotate them. An easy tip: Turn your pots a quarter of a degree every time you water them, so you don’t forget.
HERE A FEW PLANTS THAT YOU, MIGHT WANT TO CONSIDER THIS WINTER:
Snake-Plant Laurentii
Ask any plant expert, and they often say the snake plant is “indestructible,” and it’s usually one of the most recommended low-maintenance winter plants out there.
They’re ideal for beginners, and they can even survive in windowless rooms. Because it naturally grows in dry climates, it’s remarkably drought-tolerant, so it won’t be bothered by too much dry heat.
Pothos
I love the look of this one because of how it trails down the pot, and it, too doesn’t require a lot of direct sunlight. It’s a very sturdy plant, and it can handle a variety of different light levels.
Aloe Vera
This large succulent is a common houseplant and remedy for soothing burns or itching. If given ample light throughout the year, aloes flower profusely in winter. They need well-drained, coarse soil and bright light.
Haworthia
Succulents and cacti are very well known to be some of the most low-maintenance plants, so these are particularly great for winter. They’re found in the desert, where it doesn’t rain a lot, and there isn’t a lot of humidity either, so they’re not going to mind the cold weather. However, if you can, place them near a window (even if it’s drafty) because they tend to require a good amount of sunlight.
Moth Orchid
These are probably the most recognizable orchids out there, with no shortage of these sold year-round. Give them filtered light and average soil moisture, and they will bloom for months with little more maintenance.
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
P o r t P e r
HOT PROPERTIES | GREATER
HOT PROPERTIES
NOTE: SINCE MAP LOCATIONS CANNOT BE MORE PRECISE, IT IS ADVISABLE TO PHONE AHEAD FOR SPECIFIC DIRECTIONS.
FIND YOUR NEXT HOME
Bronte Harbour – 905.842.8167
City
Whitby – 905.665.6200
Ashgrove Meadows, Picture Homes – 905.985.0808
Ballantrae Golf & Country Club – 905.640.1055
Bradgate Arms, Revera – 416.968.1331
Canterbury Place, Verve – 416.227.1643
Cape Cod Villas, Kaitlin – kaitlincorp.com
Chartwell Grenadier Ret. Res – 416.769.2885
Chartwell Scarlett Heights – 647.846.7007
Connectt, Briarwood/Gilbach – briarwoodhomes.ca
Court at Brooklin & Pringle Creek – 905.655.7718
Courts of Canterbury, Geranium – courtsofcanterbury.com
Credit River Retirement, Verve – 905.812.9191
The Davis Residences, LCL Builds/Rose Corporation – thedaviscondos.com
DelManor Elgin Mills – 905.770.7963
905.469.3232
Northtown – 416.225.9146
COMMUNITY NAME & CONTACT
Leslie and Wellington, Vermilion – vermiliondevelopments.ca
Lakebreeze, Kaitlin Corp. – 607.302.2490
Leslie and Wellington, Vermilion – vermiliondevelopments.ca
The Meadows of Aurora – 905.503.5560
Milton’s Bronte West Condos,– 289.851.0701
Modo, Kaitlin Corp. – modolife.ca
Nautique Condos, Adi Dev. –
OakPark, Ballantry Homes – ballantryhomes.com
Palermo Village, Verve – 905.582.0395
Parkland on Eglinton West, Shannex – 416.997.2647
Parkland on the Glen, Shannex – 905.820.8210
Pinnacle Uptown: Amber & Perla – 905.568.9000
Port Credit Res., Verve – 905.274.6864
Prince George Landing, Stockworth/RoseWater – 905.655.6060
Renoir, Revera – 905.853.6400
Richmond Hill Retirement,
– 905.337.1145
Sunrise Senior Living of Richmond Hill – 905.883.6963
Sunrise Senior Living of Unionville – 905.947.4566
Tapestry at village Gate West – 416.777.2911
Watford, Watford Group – 416.218.5542
Mill on Steeles – 905.731.4300
Toronto Street Boutique Condos – maplebrookhomes.ca
Valera Towns, Adi Developments – adidevelopments.com
Villa Da Vinci, Sienna – 905.264.9119
VIVA Mississauga – 905.566.4500
VIVA Oakville – 1.888.984.8482
VIVA Pickering – 905.831.2088
VIVA Thornhill Woods – 905.417.8585
VIVA Whitby Shores – 1.888.984.8482
Wellings of Whitby, Nautical Lands – 905-243-1386
Westview Condos, Devonleigh – devonleighhomes.com
White Cliffe Terrace, Verve – 905.579.0800
Wilmot Creek, Rice – 1.800.994.5668
ONTARIO
Allora Condos, Urbandale – 613.822.2190
Amica Bearbrook Court – 613.837.8720
Amica London – 519.657.7096
GREATER
FIND YOUR NEXT HOME
East Village Cobourg, Stalwood – 289–252–1961
Park Clarington
Corp. – kaitlincorp.com
Kingswood Cobourg, Mason – masonhomes.ca
Kokomo Beach Club, Wastell – kokomobeachclub.com
Lakewoods, Lakewoods Resort Dev. – 1.888.990.9120
Loyalist Country Club, Kaitlin – 1.800.353.2066
Prince edward County, Cosmopolitan Homes – lovetheviews.ca
VIVA Waterside – 613.653.2010
Viva – 613.253.2010
Wellington Bay Estates & Abbott Lane Towns, Sandbank – 1.800.353.7823
West Five, Sifton – sifton.com
Westlinks, Rice Dev. – 1.888.ASK.RiCe
Whispering Pine, Sifton – sifton.com
Young’s Cove, Briarwood – 1.866.962.5264
GOLDEN HORSESHOE
Amica Dundas 905.628.6200
Amica Stoney Creek 905.664.8444
Arbour vale, Pinewood 905.397.8616
Argyle, Reid’s Heritage – argylevillage.ca
Bench Mark, Losani Homes – losanihomes.com
The Block on Clair, Reid’s Heritage– blockonclair.ca
Century Condos, Homes By DeSantis centurycondos.ca
Legends On The Green, Silvergate Homes – silvergatehomes.com
Lincoln Park Retirement – 905.309.0055
Losani – losanihomes.ca
Metcalfe Gardens, Verve – 519.631.9393
GREATER
FIND YOUR NEXT HOME
Modal at Main, Reid’s Heritage – modalatmain.ca
The Oaks at Six Mile Creek, Blythwood Homes Townhomes at the Oaks in Ridgeway – blythwoodhomes.ca
Odyssey, Rosehaven – odysseylife.ca
One Five Central,
– 226.751.5250
Portside at Woodway Trails – huroncreek.com
Portview estates, Silvergate –
at Hunters Pointe, Lucchetta
Port, Rankin – 1–833–ROYAL–51
Oak Prop. – royalridge.ca
The Shores, Marz Homes – 905.894.7873
Soho, Losani – losanihomes.ca
South Hill, Thomasfield – 519.766.5060
South Port, Rankin Const. – southpt.ca
The Spencer at Dundas Peak, Sage – spencercondo.com
St. Elizabeth Mills, Zest – 905.574.8178
Sweetberry, Losani Homes – losanihomes.ca
Sweetberry, Losani Homes – losanihomes.com
Trailside at Grey Silo Gate, Activa – 519.742.5800
Victoria & John, Solmar – 905.688.3010
Upper Vista Condos, Evertrust – 1.866.418.8936
Village Creek, Park Lane Homes – 905.382.8857
The Village on Prince Charles, Carey Homes – careyhomes.ca
Village On The Twelve, Silvergate Homes – silvergatehomes.com
The Vines, Four Mile Creek, Blythwood Woodcastle Homes – 647.531.8463
The Vintages at Four Mile Creek, Blythwood – 905.657.2977
Vista Ridge & Vibrant, Losani – losanihomes.com
Watercrest at Hunter’s Point, Luccetta – luccettahomes.com/watercrest
Waterview Condos, LJM – 1.855.500.1215
Welland High Garden, Dennis – wellandhighgarden.ca
Wellings of Waterford – 1.800.996.9885
Westwood Trails, Sinclair Homes – 226.476.2227
Woodview, Losani – losanihomes.ca
COTTAGE COUNTRY
Amica Little Lake – 705.722.9191
Aquavil, Royalton Homes – aquavil.ca
NAME & CONTACT
Gryffin Bluffs, Gang of Five Inc. – gryffinbluffs.ca
Harbour Pointe, Batavia – 705.355.0363
Harmony Living, Mamta – mamtahomes.com
Hedge Road Landing, Alliance – 905.596.2200
Highcrest Muskoka, edgewoodmuskoka.com
Holland Gardens, Verve – 905.775.6020
Homes on the Bay, Rose Water – rosewatermanagement.com
Hometown Creemore, Alliance – hometowncreemore.ca
The Këmp, Fortress – 905.787.9266
Kings Landing, Dreamland Homes – 905.657.4663
Kingsmere Retirement, Sienna – 705.434.4600
Kingsview on Balsam Lake, Kaitlin – 1.866.514.3573
Lākhouse
Muskoka, lakesidemuskoka.ca
Landing at Little Lake – 705.719.9909
Lora Bay: The Cottages & The Masters, Sherwood Homes – 1.877.696.8984
Beachway Crossing, Stonebridge Building Group – stonebridgebg.com
Reverie, Reid’s Heritage – reverietowns.ca
Royal Windsor at Balmoral Village, Sherwood Homes – 1.877.887.3437
Sandycove Acres, Parkbridge – 1.800.348.7161
Truelife – thesummitmuskoka.com
Wood, Third Line – 647.227.4069
Villas at Wasaga
Waterfront at Grandview –
GREATER TORONTO AREA ONTARIO
HORSESHOE COTTAGE COUNTRY
ADAPTIV HOME RENOVATION SPECIALISTS
CAN HELP INCORPORATE ACCESSIBILITY MEASURES
Seniors are the fastest growing demographic in Canada – almost 20 per cent of the Canadian population is more than 65-years old, according to Statistics Canada. Increasingly, older adults are choosing to remain in their own homes as they age, however, they may not know where to begin to adapt their living spaces in anticipation of future needs.
Hiring a renovator who is certified in Adaptiv Home Renovation is key. Adaptiv Home Renovation is an approach to home modification for those who wish to stay in their home for as long as they can, regardless of age or condition. A qualified Adaptiv Home Renovation Specialist has the ability to assess your home for safety and accessibility and can offer responsive design solutions, some of which include: Ramps and slopes, zero-step thresholds, curbless showers, accessibility equipment and home automation solutions.
The bathroom is typically the first room to be modified because it is the one with the biggest issues in terms of safety and mobility. Nonslip surfaces, grab bars, walk-in baths and showers and hand-held shower heads are some examples of adaptive measures that can be added.
Access into your home can also be an obstacle to accessibility as the majority of single-family houses have
stairs. Ramps, lifts or elevators could be the alternative. In the kitchen, roll under sinks with shallow basins can be installed, as can lower cooktops and counters. As homeowners prepare to renovate adaptively, it is important that they consider incorporating safety features in anticipation of how long they plan on staying in their home. This is one of the initial questions an expert Adaptiv Home renovator will ask.
As the need for accessible design increases, renovation firms are seeking out designers who specialize in the field to join their team. Their clients want homes that are functional yet attractive; not institutional looking. Adaptiv Home Renovation services are not just pertinent to the older population, but also to those living with a progressive illness, or for those with sudden or enduring injuries. One in five Canadians identifies as having one or more disabilities – more than half of whom disclosed having physical disabilities, a Statistics Canada survey (2017) revealed.
Certified Adaptiv Home Renovation experts have training in client communication, empathy and privacy considerations. They are equipped with condition and disease information, so they are cognizant of clients’ needs. To find a certified Adaptive Home Renovation expert and for further information, please visit bildgta.ca.
No matter what your living arrangements are – whether living on your own, with aging parents or caring for your child with a disability, your home should be one that will adapt to your changing needs.
Dave Wilkes is President and CEO of the Building Industry and Land Development Association (BILD), the voice of the homebuilding, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter, @bildgta or visit bildgta.ca.
DAVE WILKES
HorizonLanding Prudhomme’s
As a brand new master-planned community, Prudhomme’s Landing will reimagine the unforgettable legacy of family, community, and connection. Once Ontario’s most celebrated vacation destination, Prudhomme’s Landing will now become a place to experience lakeside living like never before. With thoughtfully-planned residences and amenities designed to engage and enrich every member of the community, it will soon become a village of its own—a place to live, work, play, and love.
