GTA Homes Magazine - December 4, 2021 by NextHome

Greater Toronto’s Finest NEW HOME GUIDE

GOLD PARK WINS BEST MODEL HOME AT THE 2021 BILD AWARDS

INSIDE:

CHIC HOLIDAY DECOR IDEAS

HOW TO PREPARE FOR RISING INTEREST RATES

Greater Toronto Area Dec. 4, 2021–Jan. 15, 2022

At National Homes, we rethink everything, every day. Someone has to be first. That’s why, here at National Homes, we’re committed to continuous innovation. We listen to buyers through programs like focus groups and our YOUprint surveys. We develop sustainable construction programs. We source and test Bright Ideas that make home owners’ lives better. And our holistic design perspective supports physical, mental and emotional wellbeing. We design homes from the inside out. Because, at National, You are the blueprint™ for everything we do.

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* Prices and specifications are correct at press time and are subject to change without notice. E.&O.E.

building small town canada. We start with location. We let the land decide what our communities should look like. We create simple yet remarkable amenities to bring families together. That sense of place helps to determine the design and character of each community’s Master Plan. Ask yourself if what you’re looking for is a place to live – or a place to Live Remarkably.

BLUE MOUNTAIN

COLLINGWOOD

CRAIGHURST

HORSESHOE VALLEY

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DEC. 4, 2021–JAN. 15, 2022

CONTENTS COVER STORY

24 PINE VALLEY: THE MARK OF EXCELLENCE GOLD PARK SETS THE BAR FOR LUXURY HOMES

8 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

43 DEPARTMENTS

39 Western View Housing market index illustrates strong builder confidence

Editor’s Note Understanding growth

HOMES Magazine Online

In The Spotlight

42 Legally Speaking What you need to know if you’re thinking about renting out your swimming pool

GTA new home sales strong in October; more news on pages 18, 19 and 20

Inside The GTA

66 Industry Report

In Conversation With…

Chic holiday decor Building up reserves undermines the development of complete communities

Kelly Anderson, Silvergate Homes

COLUMNS

Stat Chat New condos are going to get even more expensive

30 Personal Finance What rising interest rates mean for prospective homebuyers

34 Real Insight How transit helps housing

Big Style

IN EVERY ISSUE

Contributors/Masthead

47 North Region 49 Southwestern Region 54 Maps & Charts for new home communities

36 Property profile 32

Branthaven Honoured with 15 industry awards

36 Georgian Communities Offering richly unique lifestyles to families across southern Ontario

40 Flato Group Edgewood Suites the retirement you’ve always dreamed of

43 StateView Homes Award-winning builder bringing new collection of townhomes to Newmarket

64 Index of Advertisers

Home Realty 2021 another strong year for new home and condo sales 9

CONTRIBUTORS

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

CHIEF REVENUE OFFICER

Jacky Hill jacky.hill@nexthome.ca EXECUTIVE MEDIA CONSULTANT

Michael Rosset

EDITOR-IN-CHIEF – NATIONAL REAL ESTATE

Susan Legge susan.legge@nexthome.ca

EDITOR-IN-CHIEF – GREATER TORONTO AREA

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

Wayne Karl wayne.karl@nexthome.ca MANAGING EDITOR

Rise Levy

CONTRIBUTORS

Jesse Abrams, Mike Collins-Williams, Debbie Cosic, Kevin Crigger, Ben Myers, Lisa Rogers, Jayson Schwarz, Dave Wilkes SENIOR VICE-PRESIDENT, SALES, NEXTHOME

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

Hope McLarnon 416.708.7987, hope.mclarnon@nexthome.ca SENIOR MEDIA CONSULTANTS

Amanda Bell 416.830.2911, amanda.bell@nexthome.ca Natalie Chin 416.881.4288, natalie.chin@nexthome.ca VICE-PRESIDENT, MARKETING – GTA

Leanne Speers

SENIOR CLIENT RELATIONS SPECIALIST – GTA

REAL INSIGHT | KEVIN CRIGGER Kevin Crigger,TRREB President and realtor, is a long-standing and active member at the Toronto Regional Real Estate Board. He has served all levels of the real estate industry, as well as local charities and educational institutions.

Sonia Presotto

MANAGER CUSTOMER SALES/SERVICE

Marilyn Watling

SALES & MARKETING CO-ORDINATORS

Gary Chilvers, Vi Nguyen

HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA

Josh Rosset DISTRIBUTION

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

distributionteam@nexthome.ca ACCOUNTING INQUIRIES

accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs

VICE-PRESIDENT, PRODUCTION – GTA

Lisa Kelly

PRODUCTION MANAGER – GTA

Yvonne Poon 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

GRAPHIC DESIGNER & ASSISTANT MANAGER

Alicesa Pullan

GRAPHIC DESIGNER & PRE-PRESS COORDINATOR

Hannah Yarkony GRAPHIC DESIGNERS

Johannah Lorenzo, Mike Terentiev

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10 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

Copyright 2021 All rights reserved. All copyright and other intellectual property rights in the contents hereof are the property of NextHome, and not that of the individual client. The customer has purchased the right of reproduction in NextHome and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of NextHome. Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time. Editorial Submissions from interested parties will be considered. Please submit to the editor at editorial@nexthome.ca.

Crafting Distinctive Niche Communities StateView Homes is a different kind of builder fusing innovative design and meticulous craftsmanship with unprecedented customer service to create an exceptional experience for homeowners. But that’s just part of the story. StateView also seeks to inspire hope in people who need it most, whether it’s donating a percentage of every home sold to SickKids, MS4MS or supporting local organizations in the communities they build. Inspiration. It’s at the heart of every StateView home and every StateView community. Live Inspired in a StateView Home. The BOND

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EDITOR’S NOTE

UNDERSTANDING GROWTH

WAYNE KARL EDITOR-IN-CHIEF HOMES Magazine

EMAIL: wayne.karl@nexthome.ca TWITTER: @WayneKarl

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It’s a classic case of the old adage, “don’t shoot the messenger.” Premier Doug Ford comes under fire for a lot of things (many deservedly, but let’s not digress), most recently for his announced plans to expand highway infrastructure in Ontario. While on the surface we can appreciate the apprehension about using valuable lands to build highways, it’s also important to understand that such initiatives are not just about reducing gridlock, commuting times or supply chain challenges, as the premier likes to say. Indeed, the issues are a lot more complex than that, but in short, this is all about development – not just of highways, but of the communities, businesses and homes that surround such infrastructure. Because we need them. Badly. If you’re in the new-home buying market, you likely know how prices are trending these days. We won’t bore you with a series of detailed statistics, but know this: Population growth and immigration are stated objectives of the federal and provincial governments. It’s happening, in huge numbers. And though COVID slowed the number of people making the GTA their new home, everything is trending back up. By 2041, 13.5 million people will call the GTA home. If we’re already facing a housing supply shortage to the point where high double-digit price growth is routine and affordability is at a crisis level, what do we think is going to happen in the next three, five or 10 years, let alone 20? During a recent virtual seminar hosted by prominent GTA brokerage PMA Brethour, a number of industry executives discussed these issues and potential solutions to the affordability and supply challenges. The comments were stark, to say the least. “We need to declare war on this issue. We need to imagine it as though there are bombers flying overhead, and they are only 500 miles out, and they’re going to drop a bomb on society if we don’t fix this problem. We better get to it, and make things happen.” This quote is from Peter Gilgan, founder and CEO of Mattamy Homes, one of the largest privately-owned builders in North America. If you know anything about Gilgan, you might know he’s one of the most philanthropic businessmen in Canada. So, these are not just words from someone who just wants to build more homes; the man cares about the world we live in. Thankfully, governments are now, aware of the real issues, and the urgent need to address them – even if some leaders are unable to articulate the full scale of the challenges. For housing affordability now and for future generations, we all need to better understand growth, and how to manage it respectfully.

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12 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

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

Q&A

DEVELOPMENT

Opus Homes crowned Builder of the Year OPUS Homes was recently crowned the 2021 Home Builder of the Year – Lowrise, at the 2021 BILD Awards... In only the company’s 10th year in business.

In Conversation With... Mark Cohen, TCS Marketing Systems “Midrise is a hot commodity right now... buyers are looking for flex space and greenspace, and stacked towns are definitely what seems to meet those criteria.” These and other insights from industry veteran Mark Cohen.

NSIGHT

How long-term data can guide your real estate decision If you’re waiting for a big market crash before you buy, you might be waiting a while. Expert Ben Myers explains why you should take a long-term view of your real estate purchase.

HOMEBUILDING

2021 BILD Awards celebrate homebuilding excellence in the GTA GTA homebuilders are some of the best anywhere! Check out the winners of the 2021 BILD Awards.

NEW COMMUNITY

One Fonthill condominium collection by Mountainview Building Group now selling Phase Two One Fonthill condominium community in the town of Pelham in Niagara, is now selling Phase Two of its collection of three luxury midrise residences! Visit or check us out on

@HOMESMagazineON

nexthome.ca @HOMESMagazine.Ontario

@homesmagazine nexthome.ca 13

Q U A L I T Y VA L U E I N T E G R I T Y P R I D E

ATTENTION TO DETAIL

ATTAINABLE LUXURY

AWARD WINNING DESIGNS

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ARCHITECTURAL EXCELLENCE

VISIT OUR WEBSITE TO LEARN MORE.

Branthaven.com All renderings are artist’s concept. Prices, sizes and specifications are subject to change without notice. E.&O.E.

In the spotlIght

GTA NEW HOME SALES STRONG IN OCTOBER, SINGLE-FAMILY INVENTORY AT NEAR-HISTORIC LOW The GTA new home market saw strong sales in October, typical for this time of year, as singlefamily home inventory continued to slip, the Building Industry and Land Development Association (BILD) reports. Total October new home sales of 4,280 were seven per cent above the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence. Condominium apartments, including units in low-, medium and highrise buildings, stacked townhouses and loft units, accounted for 3,168 units sold in October, 17 per cent above the 10-year average. It was the fourth highest level of condo apartment sales for the month of October since Altus Group started tracking in 2000. Sales of new single-family homes, including detached, linked and semidetached houses and townhouses (excluding stacked townhouses), accounted for 1,112 units sold in October, which was 14 per cent below the 10-year average. “Several factors are contributing to the shortage of new single-family home supply in the GTA, including a lack of serviced land, supply chain

issues and labour shortages,” says Justin Sherwood, BILD’s senior vice-president of communications and stakeholder relations. “As municipal and regional governments go through their municipal comprehensive reviews and Official Plan processes, they need to ensure they are planning for appropriate housing supply and choice for future residents.” “New home markets are returning to more seasonal patterns after the pandemic-related disruptions over the past year-and-a-half,” adds Edward Jegg, analytics team leader at Altus Analytics, Altus Group. “The new condominium apartment sector remains reasonably well supplied to meet current demand levels, but near-historic low inventory of new single-family homes drove prices to record highs in October.” As condominium unit openings outpaced sales in October, remaining inventory increased compared to the previous month, to 11,973 units. (Remaining inventory includes units in pre-construction projects, in projects currently under construction, and in completed buildings.) This was still well below the 10-year average of 16,000 units. The benchmark price for

condominium apartments increased to $1.05 million in October, compared to the previous month, up 6.2 per cent over the last 12 months. With single-family home openings significantly lagging sales, remaining inventory for single-family homes once again slipped in October, compared to the previous month, to 1,138 units. It was the second lowest level of remaining inventory for single-family homes ever, with the lowest being March 2017. The tight inventory contributed to another record in the benchmark price for new single-family homes, of $1.66 million, up 36.7 per cent over the last 12 months.

OctOber new hOme sales by municipality condominium units

single-family homes

total

region

2021

2020

2019

2021

2020

2019

2021

2020

2019

Durham

496

318

496

249

814

541

289

halton

262

346

112

238

291

374

336

637

peel

519

413

496

251

393

423

770

806

919

1,464

1,142

1,746

1,489

1,174

1,766

york

427

796

679

406

723

345

833

1,519

1,024

Gta

3,168

2,494

3,307

1,112

1,882

1,328

4,280

4,376

4,635

toronto

Source: AltuS Group

16 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

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IN THE SPOTLIGHT

NEAR RECORD HOME SALES, LOW INVENTORY SUSTAIN STRONG GTA PRICE GROWTH

Home sales in the Greater Toronto Area reached the second-highest level on record for the month of October, but inventory remains well short of demand, the Toronto Regional Real Estate Board (TRREB) reports. The number of new listings was down by about one-third, compared to October 2020. Market conditions tightened across all major home types compared to last year, and the annual rate of average price growth is still in the double digits, including for the resurgent condominium apartment segment. “The only sustainable way to address housing affordability in the

GTA is to deal with the persistent mismatch between demand and supply,” says TRREB President Kevin Crigger. “Demand isn’t going away. And that’s why all three levels of government need to focus on supply. The federal government has stated that collaboration with provinces and municipalities is required. This collaboration could be spearheaded, at least in part, with housingrelated incentives tied to federal infrastructure investment.” GTA realtors reported 9,783 sales through TRREB’s MLS System in October 2021 – down by 6.9 per cent compared to the October 2020

GTA RESALE AVERAGE PRICES, OCTOBER 2021 (YR/YR % CHANGE) 416

905

Total

Detached

$1.74M (21.2)

$1.45M (29.7)

$1.54M (27.7)

Semi-detached

$1.32M (14.4)

$1.02M (31.5)

$1.15M (24.1)

Townhome

$1.02M (23.5)

$932,815 (28.6)

$957,103 (27.9)

$739,657 (10.6)

$633,951 (17.0)

$703,698 (13.0)

Condo

SOURCE: TRREB

18 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

record of 10,503. A strong doubledigit increase in condominium apartment sales mitigated annual declines in lowrise home sales. The number of new listings entered into the system was down by almost a third over the same period, with consistent declines across all major home types. The MLS Home Price Index Composite Benchmark was up by 24.2 per cent year-over-year. The average selling price for all homes combined rose by 19.3 per cent year-over-year to $1.15 million. The lowrise market continued to drive price growth in October, but the annual price growth for condominium apartments was also in the double digits. “The tight market conditions across all market segments and areas of the GTA is testament to the broadening scope of economic recovery in the region and household confidence that this recovery will continue,” says TRREB Chief Market Analyst Jason Mercer. “A key part of future economic development in the GTA will be the ability to provide adequate ownership and rental housing supply so that people can continue to move to the region to live, work and spend money in the local economy.” “Provincial and municipal candidates in the 2022 Ontario elections need to put housing at the forefront of their campaign platforms,” adds TRREB CEO John DiMichele. “Both the ownership and rental markets have recovered from the relatively short-term effects of the pandemic, but competition for ownership and rental properties is once again tight. Ontarians need to be clear on what would-be policymakers will do to alleviate supply shortages and related affordability challenges.”

IN THE SPOTLIGHT

WEST END HOME BUILDERS’ ASSOCIATION CONFERS AWARDS OF DISTINCTION Best Ingenuity in Marketing Carriage Gate Homes | Roxboro Marketing Award of the Year Branthaven Homes | Homestead ACHIEVEMENT AWARDS

Consumer Choice Award Low Volume Zeina Homes Consumer Choice Award High Volume Marz Homes The West-End Home Builders’ Association recently conferred its annual Awards of Distinction, recognizing the highest levels of achievement in building, design, promotion and marketing in the new home, renovation, marketing, sales and design in the Hamilton and Halton area. The Awards of Distinction winners were selected from more than 200 nominees judged by Toronto, Guelph, Kitchener, Niagara and London area members of the Ontario Home Builders’ Association, which are directly involved with the related award categories.

Best Magazine Advertisement Branthaven Homes | Homestead Best Signage Branthaven Homes | Homestead

Best Single-Family Home 2,000 to 3,500 Sq. Ft. Branthaven Homes | Homestead | Kirkendall Best Single-Family Home 3,500 Sq. Ft. & Over Hallett Homes | Glen Abbey Encore | Aubrey

Best Bathroom in a Home Under 2,000 Sq. Ft. Losani Homes | Brant West | MacIntosh

Best in Housing Affordability Carriage Gate Homes | Roxboro

Best Bathroom in a Home 2,000 Sq. Ft. & Over Branthaven Homes | Homestead | Kirkendall Best Kitchen in a Home 2,000 Sq. Ft. & Over Branthaven Homes | Homestead Best Exterior Concept on a Highrise Branthaven Homes | Upper West Side Condos 2 Best Exterior Concept on a Midrise Marz Homes | The Shores

Best Website Branthaven Homes | Homestead

Best Exterior on a Home Under 2,000 Sq. Ft. Marz Homes, New Horizon Development Group | Starward Homes | River Mill | Brooklyn Heights | The Montague

Best On-Site Sales & Marketing Package Branthaven Homes | Homestead

Best Exterior on a Home 2,000 Sq. Ft. & Over Branthaven Homes | Homestead

Best Social Media Campaign Branthaven Homes | Homestead

Best Single-Family Home Under 2,000 Sq. Ft. Marz Homes | The Shores | The Oceanridge

Best Sales Office Branthaven Homes | Homestead

PRODUCT AWARDS

Winners include: CREATIVE AWARDS

Best Townhome | Semi-Detached Home Fontana Homes | LUXE Towns | The Grand

Project of the Year | Mid to Highrise Branthaven Homes | Upper West Side Condos 2 Project of the Year | Lowrise Losani Homes | Waterworx DISTINGUISHED SERVICE AWARD BUILDER MEMBER Mark Bales, Carriage Gate Homes THE KEVIN MCINTOSH MEMORIAL AWARD FOR THE UNDER 40 YOUNG PROFESSIONAL OF THE YEAR AWARD Fernando Puga, Homes by DeSantis 2021 CHBA Award of Honour Robert Molinaro, Bianca Bruzzese & Terri Johns 2019-2020 CHBA Membership Retention Award WEHBA For a complete list of winners, visit westendhba.ca. nexthome.ca 19

IN THE SPOTLIGHT

LAKEVIEW VILLAGE UNVEILS NEW BRAND, ANNOUNCES BUILDER PARTNERS Lakeview Community Partners Ltd. (LCPL), the development group behind Lakeview Village, has announced its Phase 1 builder partners and the new Lakeview Village brand for this transformative waterfront community currently being built along the shores of Lake Ontario. Phase 1 builder partners include Branthaven, Caivan, Greenpark Group, DECO, Opus Homes and Tridel. Lakeview Village, an expansive mixed-use waterfront destination, is being designed as a walkable community that promotes connections to the surrounding environment. The plan offers a wide range of diverse housing, recreation, retail, employment, greenspace, arts and cultural features, and is said to be the most transformative waterfront community in Canada. “This is the realization of the master plan vision and an embodiment of modern lakefront living,” says Brian Sutherland, vice-president of development, Argo Development Corp. and development lead for Lakeview Village. “This is a brand that celebrates our move towards reconnecting people to the waterfront for the first time in decades. At the heart of it all, Lakeview Village is really about establishing a greater connection to the land and the lake, instilling a true sense of place and bringing a sustainable waterfront experience to Ontario for future generations to enjoy.” LCPL says Lakeview Village will masterfully bridge the natural environment with the needs of future community members, as a model of sustainable community building. With a diverse mix of residential, retail, arts and cultural spaces, eco-friendly mobility routes and public transportation, integrated public amenities and proximity to conservation areas, Lakeview Village will be an allseason destination while bringing the ultimate lakesideliving experience to residents. Following development plan approvals on Nov. 10, LCPL is partnering with six of Canada’s most established

FOREST HILL PRIVATE RESIDENCES OFFICIALLY BREAKS GROUND Altree Developments has officially broken ground at Forest Hill Private Residences, a landmark luxury boutique condominium at 2 Forest Hill Rd. The condominium comprises both suites and townhouses, and is well on the way to selling out its available 94 residences. altreedevelopments.com. 20 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

and trusted residential builders: Branthaven, Caivan, Greenpark, DECO, Opus Homes and Tridel. Each builder brings extensive industry experience, best-in-class construction quality and innovative design capabilities to Lakeview Village. With distinct and highly individual housing typologies, the builders will provide a range of modern, sustainable housing options to southern Mississauga, while ensuring LCPL delivers on its mission to create Canada’s most transformative waterfront community. “Our builder partners were intentionally selected for their unparalleled industry expertise and commitment to excellence, aligned with the mission, values and vision of Lakeview Village as a sustainable, future-proofed community,” says Sutherland. “We are thrilled to have partnered with the best in the business to provide much needed housing to the region, and with excellent transit connections to downtown Toronto, give a new generation of homeowners access to the waterfront. We look forward to working with this top-caliber group to bring our shared vision to life.” To learn more about Lakeview Village, visit mylakeviewvillage.com.

A TREE FOR EVERY HERO.

Join us in planting 2 million trees along the 401 Highway of Heroes, a tribute to the men and women who fought for Canada in our wars, and a living memorial to the 117,000 who died for freedom. Get involved today:

As part of Trees for Life’s Tree Coalition, we are proud to work collaboratively with GrandTrees Climate Solutions.

#InsidetheGTA by SUSAN LEGGE

GTA

LAKEVIEW IN MISSISSAUGA

MISSISSAUGA council recently granted development approvals for Lakeview Village, the name of the new waterfront community on the former site of the Lakeview Generating Station. What was “once a place of smog, pollution and environmental degradation” until being decommissioned in 2005, Brian Sutherland, vice-president of development, Argo Development Corp., and development lead for Lakeview Village, says the company has been working with locals on the vision to transform the brownfield site to restore access to the waterfront for the first time in decades. Plans include a combination of mid and highrise buildings, flexible office space and multi-use communal areas. mylakesidevillage.com

Highland Commons coming soon to Highland Creek Took a sneak peek of the model suite and the site where Highland Commons will soon take shape. The two-building condominium project by Altree Developments is located at Military Trail and Kingston Road in the Highland Creek community nestled beside the Rouge Valley. Altree Developments is investing in the location for the long term with its recent acquisition of the Highland Creek Plaza, now called the Shops at Highland Creek, just steps from Highland Commons. The two eight-storey midrise residential buildings will have curated amenities and the charm of a historic neighbourhood. The builder recently hosted a ferris wheel ride for visitors to take in the views. thehighlandcommons.com 22 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

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PINE VALLEY: THE MARK OF EXCELLENCE GOLD PARK SETS THE BAR FOR LUXURY HOMES

The Oakgrove 24 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

All photos: Jac Jacobson Photographics

COVER STORY

Defined by masterful craftsmanship and superior finishes, Pine Valley sets the bar for luxury homes. Winner of the 2021 BILD Award for Best Model Home, this unparalleled community showcases sophisticated designs, high-end materials, and an inspired vision for refined living on the ravine, that speaks to the standards upheld by Gold Park Homes in every new community. The stylish model homes at Pine Valley are a series of three elegantly appointed homes, each depicting a different model to exemplify the styles of homes that live in harmony at Pine Valley – traditional, chateau and modern. Through the combined efforts of Hunt Design Architects and Gold Park Homes, every detail has been carefully considered to bring to life a vision of tasteful luxury. Beginning with the utmost interior sophistication, the model homes at Pine Valley are timelessly distinctive. Soaring tray ceilings create open, airy living spaces, with raised panel wainscotting to add a touch of class. Sleek hardwood flooring is displayed

The Beaumont grand staircase

in a variety of finishes and patterns, from a traditional linear hardwood to a subtly intricate herringbone. Bathrooms are all uniquely designed with an eclectic array of exceptional wall and floor tile, highlighting the true mark of a luxury home – the range of customization available to create a home tailored to your singular tastes. Beyond the fine craftsmanship and exemplary architectural details, this collection of model homes is overflowing with artfully inspired light

fixtures, custom-designed cabinetry, stylish contemporary hardware and sophisticated colour palettes that embody tasteful luxury. The definition of refined living. Within the award-winning model, The Oakgrove, bold design and premium features display exactly what it takes to set the gold standard. A fantastic live-edge countertop on the kitchen breakfast bar, one of two oversized kitchen islands, carries the community’s natural beauty into the home to evoke a warm, earthy

The Knightswood

nexthome.ca 25

atmosphere. In the living room, a boldly contemporary gas fireplace feature anchors the room with a striking black facade, accented by the subtle grain throughout the piece. The elegant bathrooms are a tranquil oasis of glass and stone, each distinctly different from the next to create a design that continues to surprise and inspire, room after room. On the outside, Pine Valley is one of the last neighbourhoods of its kind. Tucked away in a prestigious enclave surrounded by towering trees and deep ravines, this community is redefining what it means to live next to nature. On the outskirts of Kleinburg, among magnificent greenspace, enormous single-family homes sit nestled amongst parks,

playgrounds and pathways, each with its own spacious yard – many of which border the protected ravine for a quiet, private yard that will remain that way for generations to come. President of Gold Park Homes, Michael Cipriano, speaks to the personal legacy of this plot of land purchased by his father in the 1990s. “My father always talked about how special this land was, so when we decided to build on it, I made it my goal to build a community that lived up to the potential he saw here,” says Cipriano, “I promised my father I would create something unique, and we’ve lived up to that commitment.” This fall, Gold Park Homes is returning to Pine Valley with a second release of exquisite bungalow and

Model home – The Beaumont primary ensuite

26 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

two-storey homes on 42-, 50- and 60-ft. lots in the unparalleled setting of Pine Valley and Teston Road. With interiors up to an incredible 5,630 sq. ft., these uniquely luxurious homes will be priced from the $2 millions. To stay informed about the grand opening of this new release as information becomes available, register online at goldparkhomes. com. It’s a rare opportunity to live in the ultimate family neighbourhood, surrounded by acres of lush greenspace and parklands. All in all, in the words of Cipriano, “This community is the epitome of refined living.” For more information visit GoldParkHomes.com

ADVICE | STAT CHAT

NEW CONDOS ARE GOING TO GET

EVEN MORE EXPENSIVE BEN MYERS

I have had the pleasure of working in real estate research for more than 20 years. When I started, you could buy a new downtown Toronto condominium for less than $300 per sq. ft. (psf). There are now projects built to a similar standard and interior finish that are selling for more than $1,500 psf. Even for someone who works in the industry and follows these prices closely, I am simply flabbergasted by the rise in prices during my career. Some of you reading this will immediately jump to the conclusion that developers are raising prices haphazardly because they are greedy. This is simply not the case. Despite the fact that you can see so many new buildings when driving down the Gardiner or walking along Yonge Street, there are only so many places in Toronto where you can build high-density housing. Coupled with policies aimed at reducing urban sprawl and reducing commuting, the number of low-density, single-family housing completions in the GTA has been declining for more than 15 years. When you add the number of single-family and condominium units together, we’re actually building fewer new homes in the GTA now than we did in 2002 (in addition to much lower square footage and fewer bedrooms). With every completed building and subdivision, the land available for development shrinks, driving land prices up. In addition to land prices, government fees, such as development charges in Toronto,

have increased by 400 per cent over the last 15 years. We are also victims of our own success; as we build more tall highrise towers, all of our trades and construction crews are very busy, resulting in a spike in labour costs. The pandemic has added a new phrase to our common vernacular: The supply chain. The cost of materials has skyrocketed as overseas factories were shut down, shipping costs rise, and logistics become more difficult in the COVID-era. With so many people spending more time at home during the pandemic, they are focusing on the faults of their current property, and as a result the renovation business has taken off. Supplies are low, and demand for construction work is high. The latest disruption that developers are dealing with is Inclusionary Zoning (IZ). This is a planning policy that requires developers to build a certain number of affordable units in every building. I have always been a supporter of Inclusionary Zoning, but the City of Toronto has gone about it all wrong. In other municipalities, where this system works, the government either pays for the affordable housing, or offsets those costs via lower fees, or more units being granted in the project. Toronto, in its infinite wisdom, decided to do neither. A common statement in economics is that there is no free lunch. Many people analyzing Inclusionary Zoning believe that developers will simply absorb the cost of all those affordable units and make less profit, or they’ll be forced to pay less for land. Another thing you learn from economics is that reality doesn’t always line up with the theory. Developer margins have already been significantly squeezed because of higher construction

“

The pandemic has added a new phrase to our common vernacular: The supply chain.

”

costs, rising government fees and other inflationary conditions, such as a longer approvals process. Land vendors don’t want to reduce their prices, and many are quite happy to wait for land prices to rise even more before selling. Ultimately, the result of Inclusionary Zoning is that developers pass those costs on to the buyers of the new units, driving up the price of new condos even further. Some developments are no longer financially feasible, and don’t get built, reducing the supply of housing and driving up resale condo prices. Once we layer on the return to offices, the return of students and a return to our high level of immigration, demand for housing is only going to rise. Despite all the cranes that you see in the sky, demand continues to outpace supply in the GTA. New condo prices are only going to get higher. Don’t complain I didn’t warn you. Ben Myers is President of Bullpen Consulting, a boutique residential real estate advisory firm specializing in condominium and rental apartment market studies, forecasts and valuations for developers, lenders and land owners. bullpenconsulting.ca Twitter@benmyers29

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IN CONVERSATION WITH...

Legends on the Green, Niagara Falls, bungalow townhome

KELLY ANDERSON SALES AND MARKETING MANAGER, SILVERGATE HOMES BY WAYNE KARL As prospective homebuyers seek out larger homes, more space and greater affordability, one of the chief beneficiaries outside the GTA is the Niagara Region. And one company poised to deliver is Silvergate Homes. We spoke with Sales and Marketing Manager Kelly Anderson for insights on how this local family business, building homes in the area for more than 35 years, caters to homebuyer demands. And how its 84-year-old founder is still an active member of the team. It’s hard to believe we’re nearing the end of 2021. What kind of a year has it been for Silvergate Homes? Well, it’s certainly been an interesting one, filled with challenges that we have never experienced before. From multiple lockdowns and re-openings, new health and safety protocols changing so rapidly, supply chain shortages, sub-contractor shortages… you name it, we got it this year. However, it’s been a great opportunity to learn and grow from these challenges. Our team created more interactive marketing tools that allowed our clients to still view our homes through Zoom, FaceTime, live videos, Instagram feeds, YouTube 28 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

and much more. We were able to maintain our connection with our clients and still sell homes while making it a fun, positive experience for them. Being forced to think outside the box helped us to focus and evolve in 2021. What is it about Silvergate that helps it stand out from other builders in your market? Silvergate Homes prides itself on our unique, quality design, craftsmanship and attention to detail. This can be seen in every stage, from community planning to floorplan designs and layouts, construction, features and finishes, quality materials, and more. We take great care in ensuring that our homes are efficiently built and address all homebuyers’ needs and wants. Appealing to market demand, we have shifted our focus to constructing bungalow townhomes. Of utmost importance to us is thinking outside the box. Although the homes are attached, we use various materials and colour palettes for each individual unit, which gives every home its very own unique and personalized feel. Building Energy Star-rated homes has always been very important to Silvergate. We believe we should

build homes that contribute to the well-being of the next generation. Incorporating large windows into each and every home design allows for an abundance of natural light. Other efficient building practices include eco-friendly designs, higher R-values in homes, better air quality and energy conservation. Wellness is something we’re hearing more and more about, due to COVID, among other things. How important is this in Silvergate communities? The one thing we can all agree on, as a result of the pandemic, is that our lifestyles have changed considerably. People are revaluating what “home” means to them. This includes working from home, home gyms, home entertainment and theatre systems, since more people are entertaining from home these days. We are witnessing a trend where homebuyers are looking to enrich their lives by moving closer to amenity rich communities, such as those in the Niagara Region, that offer an abundance of walking and hiking paths, pet-friendly parks, waterfront trails and open space, and all the same conveniences of big city living. The ability to walk to local restaurants,

grocery stores and amenities has really become important to new home researchers. What else are prospective homebuyers telling you these days? They love Niagara! Our new-home buyers are looking to enrich their everyday lives after the pandemic. They want to relocate to communities that offer them the chance to enjoy their surroundings – walking paths, biking trails, parks, greenspace, boutique restaurants, cafes, wineries and local shops. More and more they are exploring the Niagara Region and what it has to offer. The Niagara Region is a pretty hot market these days. Why should prospective homebuyers consider Silvergate Homes? We pride ourselves on our client relationships. Being a family business for more than 35 years, we treat our clients as part of the family. Our hands on approach to homebuilding allows our clients to ensure that they build a home that’s a true reflection of their personality. We don’t use palettes; our homeowners handselect their finishes at our Design Studio, alongside our talented designers. Each home we build is unique to its neighbour.

In addition, Silvergate is tailoring the home interiors to focus on the latest home designs, and including home offices, fitness and entertainment areas in our homes. We want each and every home we build to promote happiness and well-being. If you can achieve this in the comfort of your home, we feel your everyday life will benefit. Large covered porches, for example, have become a staple in our designs, allowing homeowners to take in the natural settings surrounding them, creating a harmonious and peaceful space to relax and enjoy. Silvergate Homes currently offers two new home communities that caters to this: Legends on the Green – backing onto a renowned Niagara Falls golf course – and Village on the Twelve, in a well-established area in St. Catharines. Affordability is such a growing concern, and building in the Niagara Region, Silvergate is able to offer homes at prices much lower than in the GTA. But even this area is seeing notable price growth. What else is the company doing to address this issue? Affordability continues to be a challenge in our industry. However, we know that homeownership is something most Canadians are striving for. Our team at Silvergate is continually reviewing our home

designs to ensure we are using the spaces as efficiently as possible. We try not to get wrapped up in the square footages, and focus more on the functionality of the floorplan. It’s about maximizing the overall footprint of the house to gain the interest of our clients. When the design speaks to the clients, they fall in love with our homes. Silvergate will also be bringing new communities on-stream that will incorporate multi-generational homes and accessory dwellings. This allows homeowners to maintain a dual family income or rental opportunity to help them with their mortgage and expenses. What else is Silvergate focused on these days that you can share? What’s next? Silvergate is just finishing up Phase 3 of our Legends on the Green, which backs onto a prestigious golf course along the Niagara Parkway. After that, we are heading to Fort Erie, where our Harbourtown Village will be steps away from the beaches of Lake Erie. We will have a variety of detached and townhomes available – both two-storey and bungalow – totalling 220 units for our clients to choose from. We will also be continuing in St. Catharines at Village on the Twelve Phases 8 and 9. silvergatehomes.com

on a personal note How have you managed during the pandemic? Taken on any new hobbies or acquired new skills? Is organizing a hobby? After indulging in episodes of The Home Edit episodes and Marie Kondo, I went on an organization spree. From the closets, kitchen, garage… everything became colour-coded and lined up like a retail store. Peloton, yoga and (many) puzzles also filled my time during the pandemic. What, or who, is your greatest inspiration for what you do? Working for a family business where the founder, Vito Passero, is still involved at 84 years young is truly inspiring. Watching someone love what they do and carry out their passion every day is admirable and makes you want to do your best, too. I truly feel I have the best team out there! We are a tight-knit group that has such a passion for the industry, and we are always looking for new ways to do things – home designs, trends, client relations… We try to have as much fun as possible while doing what we all love. I also have a passion for Green building, and Silvergate is very supportive in their building practices. This is something I love to represent in our industry. What’s on your reading lists these days? Daisy Jones and The Six, One day in December, and The Alice Network.

nexthome.ca 29

advice | personal finance

RISING INTEREST RaTES WHAT DO THEY MEAN FOR PROSPECTIVE HOMEBUYERS?

jESSE AbRAMS

For the past year and a half, we have seen mortgage rates at record lows, while homebuying activity skyrocketed in nearly every province. However, the Bank of Canada (BoC) recently announced that rates are expected to rise six to eight times in the next two years. How much they will rise is still in question, but many homebuyers are wondering what this all means for the Canadian housing market. How will a rise in rates impact canadian buyers and Homeowners?

In simple terms, higher rates result in higher mortgage payments, which may decrease home affordability, depending on a buyer’s financial situation. For Canadians who were able to secure a new mortgage at a lower rate during the pandemic, an increase in rates could impact their ability to keep up with their existing payments. For first-time buyers, specifically, while higher interest rates may be an additional roadblock to getting approved for a mortgage, it could also work in their favour. can tHis potentially decrease Home prices?

The hot housing market we’ve experienced over the last year is largely the result of record-low rates and the exuberance it created in the market – which ultimately boosted 30 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

affordability for buyers. Nevertheless, home prices were still considerably higher than previous years. With rates expected to increase over the next little while, it raises the question of whether home prices will decrease. A lot of research is currently pointing toward slow price growth. A report by Moody’s Analytics and Real Property Solutions confirms that this is what they expect for much of 2022. With inflation increasing as much as it is – which is generally a sign of further rate increases that the BoC recently confirmed – this should stabilize the market and lead to a drop in prices as well. This could be good news for first-time buyers, as it could potentially increase their affordability. Inflation has also shot up in the U.S. above expectations and the U.S. Fed is finally coming to terms with it – even though industry pundits expected this all along. The rise in inflation throughout the pandemic has often been referred to as “transitory” or “short-lived,” but it’s looking as though it is here to stay for a while longer. If and when the value of the dollar changes, this could also impact home prices. will HigHer rates slow tHe Housing market?

While the market adjusts to higher rates, a short-term slowdown in buying activity could take place. Something that isn’t often talked about is that low supply is related to the lack of Canadians selling their homes because they can’t afford to move, given recent higher prices. If prices drop across the board, while the current value of

homes may decrease as well, more expensive homes will become more affordable, as a percentage of total price is based on a larger number. In this case, Canadian sellers will be more inclined to put their homes on the market, search for a new home and parlay the earnings into their next purchase, which may be more affordable than it was in the previous months. A rise in rates could also motivate buyers to rush into the market and lock in low rates while they’re still available, which is what we’ve been seeing at Homewise recently. If rising rates are a concern, getting pre-approved is a great way for buyers to lock in a rate and avoid any unexpected increases for at least four months. At the end of the day, the future of the Canadian housing market remains uncertain in the face of rising rates, and no one knows for sure what exactly what will take place. With the last two years under our belt, we are no strangers to uncertainty and proved resilient in navigating uncharted waters. All we can do now is use the information available and make sound financial decisions when it comes to buying and selling our home.

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

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BUILDER PROFILE

BRANTHAVEN HONOURED WITH 15 INDUSTRY AWARDS HOMESTEAD AND UPPER WEST SIDE CONDOS 2 TAKE TOP PRIZES Branthaven is proud to announce that Homestead in Mount Hope, Hamilton has won a remarkable 13 industry awards at the recent 2021 West End Home Builders’ Association (WEHBA) Awards of Distinction. Additionally, Branthaven’s Upper West Side Condos 2 in Oakville was bestowed with the prestigious Project of the Year – Mid-Highrise Development, and Best Exterior Concept on a MidHighrise, for a total of 15 awards. The annual WEHBA awards celebrate excellence and leadership in marketing, product design and innovation in the low- and highrise development and homebuilding industry across the burgeoning Hamilton-Halton region. Homestead, Branthaven’s charming community of 36-ft and 40-ft detached homes, swept the lowrise home categories with eight Creative Awards, including the prestigious Marketing Award of the Year. Judges deemed Homestead’s compelling product offering, authentic brand story and resounding sales success

Best-in-class awards

32 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

the pinnacle of design and marketing leadership in 2021. Branthaven’s Homestead also won five Product Awards. Homestead won Best Sales Office Design, and the Kirkendall plan took top prizes in the Best Single-Family Home (2,000 sq. ft. – 3,500 sq. ft.), Best Kitchen, Best Bath, and Best Home Exterior over 2,000 sq. ft. categories. At 2,185 sq. ft., the 40-ft. detached Kirkendall model was not only a popular purchaser plan, but also demonstrated the functionality of a well-designed, smart layout with family-friendly three- or four-bedroom options, and a contemporary layout that is easy to furnish and a pleasure to live in. “We are delighted that Homestead’s debut Lifestyle Collection of

Contemporary Craftsman, Modern Farmhouse and New Traditional styles resonated with new-home buyers and judges alike,” says Steve Stipsits, president of Branthaven. “Homestead reflects Branthaven’s commitment to pursuing architectural excellence and design-forward interiors that reflect what today’s homebuyers really want.” Judges were impressed with Homestead’s kitchen layouts and appeal to buyers, noting they are perfectly designed for real life and ideal for today’s busy families. The award-winning Kirkendall kitchen scored for its stylish looks and smart functionality. The design boasts an efficient ergonomic layout, central island and plenty of countertop space for today’s multi-tasking families and

Compelling customer experience

Homestead’s award–winning kitchen

busy social life. The optional pantry and built-in chef’s desk afford a flexible and family-friendly homework or work-from-home solution – so relevant today. Branthaven’s signature Fresh Thinking built-in features, such as furniture-style cabinetry, luxe hardware, deep drawers, and solid surface counters added aesthetic appeal at no extra cost. Homestead’s Best Bath Design was singled out for its spacious, stylish and spa-inspired layout. The modern ensuite is bathed in natural light and designed as a relaxing refuge, featuring hotel-style vanities, plenty of counter and storage space, as well as luxury glass shower and deep soaker tub. Branthaven’s master-planned Upper West Side Condos community in Oakville continues to win awards and draw accolades for design excellence and attainable luxury in the mid- to highrise category. Since releasing its first phase in 2019, Upper West Side Condos has received more than a dozen provincewide industry awards, including the WEHBA 2019 Project of the Year – Mid-Highrise Development. Branthaven is thrilled to announce that the Upper West Side Condo

community has been selected again with this years’ top prize – 2021 Project of the Year and Best MidHighrise Exterior Concept, awarded to Upper West Side Condos 2 (UWSC2). UWSC2 was selected as WEHBA Project of the Year for consistently delivering on the brand promise of “Attainable Luxury” across every category – architecture, interior design, amenities, suite offering and, importantly, fulfilling buyer expectations, providing overall value and sales success. Soaring 22 storeys above the Oakville skyline, UWSC2’s architecture is designed to be the cornerstone of modern living on the upper west side of Oakvillage, a master-planned community. Judges noted the striking silhouette and contemporary lines combined with high quality materials – stately stone, stunning glazing and deemed it to be a dynamic new addition to the booming Upper Oakville Trafalgar Road streetscape. “We wish to thank the WEHBA for honouring Branthaven again,” says Stipsits. “Upper West Side Condos 1 and 2 reflect our commitment to creating classic quality communities that will enrich the lives of our homebuyers for years to come.”

For 50 years, Branthaven has been recognized for its passionate and uncompromising pursuit of homebuilding excellence. Whether a new home or condo, the company stands behind its promise to deliver: “The Best Built Home at Any Price”. For a full list of awards and more information, visit branthaven.com

Upper West Side Condos 2 – 2021 Project of the Year – Mid-Highrise Development and Best Exterior Concept

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ADVICE | REAL INSIGHT

HOW TRANSIT HELPS HOUSING

KEVIN CRIGGER

Accessible transit makes communities a vibrant place to live for present and future residents. In a recent episode of TRREB’s Ready to Real Estate Podcast, Associate Minister of Transportation Stan Cho discussed why building transit-oriented communities is key to addressing one of the GTA’s biggest housing challenges. There’s no question that we’re facing a supply crunch in our region. But, we shouldn’t lose focus of what makes a neighbourhood livable. It goes beyond boosting the supply of homes such as townhomes and lowrises in our towns, cities and regions. Building more homes should go hand-in-hand with creating more transit networks in the GTA. 34 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

Transit-oriented communities offer individuals and families access to jobs, public amenities and social services. This is what makes our communities thrive culturally and economically. TRREB members see first-hand how transit supports first-time buyers, as well as those looking to move into a new neighbourhood. Transportation mixed in with a diverse housing supply offers people the chance to live where they want, and an easier way to move around the region.

includes working with policymakers to turn evidence-based action plans into long-term solutions. I invite you to tune into TRREB’s Ready to Real Estate Podcast to uncover more critical issues facing today’s marketplace and the industry as a whole. You can also discover homeownership trends by visiting trreb.ca and exploring the latest market reports. Plus, connect with a TRREB member realtor and search listings in real-time on any device.

PLAN FOR GROWTH

We know the GTA’s population is projected to rise. While there are proposed extensions to transit networks, we should keep an eye on the future and explore our current transit hubs, and how we can extend them to other areas in the province. TRREB and its members will continue to play a role in offering recommendations and opportunities for transit-oriented communities in the Golden Greater Horseshoe. This

Kevin Crigger, TRREB President and realtor, is a long-standing and active member at the Toronto Regional Real Estate Board. He has served all levels of the real estate industry, as well as local charities and educational institutions.

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ADVICE | HomE REAlty

2021 ANOTHER STRONG YEAR FOR NEW HOME AND CONDO SALES

DEbbiE COsiC

The pandemic, the economy, materials and labour shortages, rising prices… the year 2021 will go down as a remarkable one. We started out with the news that the Greater Toronto Area new home market sales outperformed those in 2020, and at the end of the year, benchmark prices were the highest ever. Talk about market resilience. According to Altus Group statistics reported by the Building Industry and Land Development Association (BILD), January 2021 brought continuing low supply, as it is common for few product launches during that month. Not surprisingly, benchmark prices continued to rise. March was an extremely busy month for sales for both low- and highrise in the GTA. In fact, for condo sales, it was the second-highest March since 2000, when Altus Group began tracking sales. Benchmark prices were up again. Then in April, we saw record high sales for condos again – the highest for that month since April 2000. By then, we had several condo launches, which helped a lot with supply. BILD President and CEO David Wilkes called it “unprecedented activity in the GTA market.” The market continued strong in May, but inventory levels were still low. By the end of June, the total number of sales for the first six months was 25 per cent above the 10-year average. Total sales in June were four per cent above that average, with condo sales at

13 per cent above that month’s average. Lowrise figures lagged, but so did supply. Prices continued to rise as we entered July, which was a typically slow month for sales, yet prices reached record highs. Low inventory levels across the board exerted – and continue to exert – upward pressure on prices. In August, condominium sales reached an all-time sales record for that month, largely because of new product launches offering badly needed supply. Again, new lowrise homes were in tremendously short supply. In September, we saw strong GTA sales again and continuing low inventory. Condo sales were the third highest for that month since 2000. This is remarkable considering the challenges I mentioned at the beginning of this column. I am proud to be part of an industry that has provided homes, jobs and economic strength throughout a unique time in history. It is well documented that our new housing market in Toronto and the GTA is in desperate need of supply, especially in lowrise homes.

For years, builders and developers have been urging governments at all levels to streamline the approvals process so more new home choices can be brought to market without unnecessary delays. By 2051, the GTA will be home to four million more residents. It’s mind-boggling to think about where people will live. Remember that condos provide both ownership for buyers and rental options for tenants. So, what will 2022 bring? I can tell you that at In2ition Realty, we are prepared to sell even more homes and condos throughout the coming year, and we are excited to venture into new markets providing unique homeownership opportunities. Debbie Cosic is CEO and founder of In2ition Realty. She has overseen the sale of more than $15 billion worth of real estate. With Debbie at its helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. in2ition.ca

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BUILDER PROFILE | SOUTHERN ONTARIO

Braestone kitchen

BRAESTONE, WINDFALL AND MOUNTAIN HOUSE GEORGIAN COMMUNITIES OFFERS RICHLY UNIQUE LIFESTLYES TO FAMILIES There’s a change in the breeze, and it’s bringing more inspiring communities to southern Ontario. Georgian Communities, known for its remarkable homes at Blue Mountain and within the Oro-Medonte region, is finally ready to release new information on its upcoming projects. Incredible natural amenities offering richly unique lifestyles to families across Ontario’s best landscapes is the mark of a Georgian community, and these new projects are guaranteed to carry that legacy. Before releasing this new information, let Georgian Communities’ current projects speak for them. Three unique communities – Mountain House, Windfall and Braestone. Each of these has 36 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

offered families a place to call home in locations where nature is the inspiration for everything. From the chalet-inspired condos of Mountain House, the Georgian Bay cabins of Windfall, and the farmhouse style homes of Braestone, the architecture reflects the land, in order to bring to life a full vision of a neighbourhood that lives harmoniously with its surroundings. Each element lifted from nature is lovingly refined and artfully crafted to bring the best quality in design, craftsmanship and character to each and every home. The overwhelming success of these communities is shown in the enthusiasm of purchasers, as Mountain House is entirely sold out, and Braestone and Windfall are

Braestone

selling fast, with exciting new releases coming this year. In the next several months, big things will be happening at Windfall. With new releases around the corner and construction continuing, the completion of Windfall’s signature community gathering space, The Shed, is here. The vision of this striking, barn-inspired clubhouse has become a reality. After much imagination, dedication and hard work, this community hub has come to life. This is a place where kids can gather for an afternoon of fun and games and a place where neighbours can get to know one another. This is a place to make lasting memories and lifelong friendships begin. A year-round gathering space solely for residents of Windfall, The Shed is one of Georgian’s signature “Remarkables.” These remarkables are amenities that make Georgian’s communities… well, remarkable. The completion of The Shed is the first big step for Georgian this year, but there’s much more to come. As a testament to the unique, high-quality communities that Georgian creates, they have been named as finalists for several of 2021’s CHBA (Canadian Home Builders’ Association) Awards. These accolades recognize the ingenuity, creativity, dedication and quality that Georgian is famous for. As a finalist for both Best MidHighrise (completed) and Best Growing Community for Mountain House, CHBA has recognized the remarkable lifestyle found in the Blue Mountains, perfectly matched to its surroundings. Nominated for Best New Community, Windfall at Blue is recognized for its traditional charm and unique sense of community. With two other awards on the roster, Georgian Communities’ recognition in the CHBA Awards totaled five nominations. The future of Georgian Communities is a bright and shining star on the horizon. One of two new additions is coming soon to the charming historic village of Craighurst. Just minutes from the urban centres of Barrie and Orillia, this

Braestone sugar bush Mountain House

Braestone

upcoming neighbourhood will benefit from all of the amenities that come from living close to the city, without losing the small-town charm found in spades in Craighurst. Located at Horseshoe Valley Road and Hwy. 93, this community will offer inspirational architecture just one minute from Hwy. 400, providing the best access to the city while still avoiding the congestion and rush of urban living. With the serene and breathtaking Copeland Forest Trails right in your backyard, residents can enjoy hiking, biking, snowshoeing, crosscountry skiing and horseback riding just around the corner. Continuing to build homes around the Blue Mountain area, Georgian Communities is introducing another 37

new project to Collingwood. This boutique infill development will include just 19 units, two of which are to be built in a renovated 19th century schoolhouse at the corner of Maple and Sixth Street. The unique inclusion of history in this modern community is one of the ways Georgian Communities incorporates architecture into its neighbourhoods, blending past and present in a way that creates timeless communities that seem as if they’ve always belonged. All the amenities of downtown Collingwood, with walkable shops and restaurants and the proximity of Blue Mountain, provide this upcoming community with the perfect blend of nature, charm and convenience that Georgian proudly provides in each and every project. With a dedication and passion to providing quality homes in Ontario’s most incredible landscapes, Georgian continues to create unique communities to invite families to explore unmatched natural lifestyles. Though chalet-inspired Mountain House is sold out and Braestone and Windfall are selling fast, exciting new projects in Craighurst and Collingwood are on their way.

Windfall kitchen Windfall at Blue

For further information, visit georgiancommunities.ca

Windfall living room

38 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

Windfall at Blue

ADVICE | WESTERN VIEW

HOUSING MARKET INDEX ILLUSTRATES STRONG BUILDER CONFIDENCE IN CANADA

MIKE COLLINS-WILLIAMS

Every quarter, the Canadian Home Builders’ Association (CHBA) presents the results of the Housing Market Index Panel, which illustrates the current and future demand for singlefamily homes, as well as the health of the residential construction industry in Canada. The data comes from a panel of homebuilders across Canada, in collaboration with local and provincial homebuilders’ associations. CHBA’s Housing Market Index (HMI) is modelled on the U.S. National Association of Home Builders index, which has proven to be an accurate and highly trusted source, used by financial analysts, policymakers, economic analysts and the media. The results of the Q3 (July to September) Housing Market Index continue to show strong builder confidence. Despite the supply chain and labour issues that slowed construction over the past year, homebuyer demand remained elevated. At 77.8 (on a 100-point scale), the singlefamily market remains at high builder confidence levels. Although there has been a 5.1-point drop since Q2, and a seven-percent decline since Q1, the HMI remains at a high level, considering the impact of the pandemic as well as the supply chain and labour issues the industry has been facing for almost two years. On average, across Canada, the rise in lumber

prices has increased the builder costs on a typical home by $34,562, which is 1.8 times higher than what it was in Q1 2021. According to the CHBA HMI results, 55 per cent of builders said that they are delaying some pre-sales and/or development due to ongoing price volatility. The majority of single-family builders rated current and future conditions as good (73 and 59 per cent, respectively) while 42 per cent of single-family builders rated the traffic of prospective homebuyers to be high to very high (74 per cent). Only 13 per cent of builders noted traffic to be low, 88 per cent of which noted that the traffic is indicative of home sales slowing. However, the deceleration in investment in building construction, housing starts, building permits and home sales seems to be a normal effect. According to the Royal Bank of Canada, over the past year, housing starts across Canada have been their strongest since 1977, and the number of new housing units currently under construction is at an all-time high. After reaching incredible highs, a return to more typical levels of activity can be expected. On the multi-family housing front, the CHBA HMI was 77.6 in Q3, compared to 83.9 in Q2. The 6.3-point decline is explained by both the pandemic-related supply chain issues and stress test, as 32 per cent of multi-family builders indicated that it had significantly impacted their sales. The majority of multi-family builders rated both current and future conditions as good (72 and 63 per

cent, respectively), while 38 per cent indicated the traffic of prospective homebuyers was high to very high. “We’re coming off of record highs in terms of demand in the housing market and, in turn, builder confidence was reflective of that in the early part of the year,” says Kevin Lee, chief executive officer of the CHBA. “Now we’re coming back to what is still a pretty strong market, but it’s down from those record highs.” The survey – based on input from more than 300 builder/developers on current and future conditions, and buyer demand – is considered a leading indicator of health of the Canadian new home market. Surprising key findings include the $57,590 increase in construction costs for a 2,374-sq.-ft. home, as well as the fact that supply chain issues – mainly appliances, plumbing materials and windows – have resulted in almost seven weeks in delays in home completions for builders across Canada. Sixty-one per cent of builders stated that access to trades is difficult, while 64 per cent of builders across Canada noted that federal government support programs, such as the Canada Recovery Benefit, are impacting their ability to find workers for their job sites.

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

+MORE CONTENT ONLINE nexthome.ca

nexthome.ca 39

BUILDER PROFILE | DUNDALK

EDGEWOOD SUITES THE RETIREMENT YOU’VE ALWAYS DREAMED OF 40 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

When you imagine retirement, don’t you see yourself living close to everything you know and love? Close to family, friends, your favourite shops and restaurants? Living an active lifestyle in the place you’ve always considered home? You can have all of that and more, especially when you hear and experience all that the new Edgewood Suites has to offer. See what a unique and laidback approach to independent living, in a safe neighbourhood in the heart of Dundalk, looks like. Experience the freedom to live the life you’ve always dreamed of, with unspoiled nature, parks and countless amenities at your fingertips. At Edgewood Suites, you can choose to rent spacious studios, rentals, one- or two-bedroom units. The building includes a cards room, rec room, multipurpose room, library and a faith room. Residents will enjoy a concierge service, open dining, as well as a guest room and storage lockers. For entertaining, there is a barbecue patio and a lovely gazebo outside. There will be endless activities for everyone. There are musical performances and classes on site, as well as gardening opportunities and library activities. Participate in birthday parties, bingo, baking sessions and monthly potluck meals. Residents will also have access to regular painting classes, movie nights, health and wellness workshops and more. Community builder Flato Developments is responding to the demand from local seniors who want to stay in the community, and decided to bring its flagship adult lifestyle apartment building to Dundalk. Creating space for adults 55-plus and seniors to live in Dundalk is important to the vitality of the entire community. When planning the amenities for this adult lifestyle community, Flato Developments designed Edgewood Suites to take some of the burden of household maintenance off residents’ shoulders. Edgewood Suites is also ideally located and will benefit from a recently announced inter-community transit route coming to the area this year. The new Grey Transit Route offers regular service along Hwy. 26 between Owen Sound and Town of The Blue Mountains, and along Hwy. 10 between Owen Sound and Orangeville. A third route also links Owen Sound and Wiarton three days per week. This added transportation link will benefit everyone who lives in Dundalk and Grey County, improving commute times, and it will make it easier for anyone going to and from the GTA for family visits, shopping or special events. Around the apartment community, there are beautiful parks, a nearby 77-km multi-use trail that provides breathtaking views of Georgian Bay, and many conservation areas and provincial parks that are just a short drive away. From inside to out, Edgewood Suites is an amenityrich apartment building in a well-connected location. It’s the place retirement dreams are made of. Currently under construction. To learn more, visit edgewoodsuites.ca or flatogroup.com

nexthome.ca 41

ADVICE | LEGALLY SPEAKING

THE POOL DILEMMA WHAT YOU NEED TO KNOW ABOUT RENTING OUT THIS PART OF YOUR HOME

JAYSON SCHWARZ, LLM

To swim or not to swim? To rent or not to rent? Those are the questions. I was recently interviewed on CTV’s Your Morning to discuss this very issue. It seems that the home Internet rental phenomenon has expanded to include not only homes but also just swimming pools – to groups, for everything from swim lessons to massive parties. This can upset neighbours and cause them to complain; police usually don’t like such calls; municipalities often take long to enforce noise complaints, and on and on. What are the issues and how can they be rectified? If you decide to rent your pool, you are stepping into a commercial transaction, and in so doing you may place yourself in a situation – from a minor inconvenience to putting your family and everything you own at risk. Here are a few examples of why this may not be a good idea. Let’s start with the most minor issue. Your home is probably zoned residential, and in carrying out a commercial activity therein, you may be violating the local municipal zoning bylaw, and you could be sanctioned by fine. Next, the renters could make excessive noise and mess, and aggravate your neighbors, resulting in bad feelings and complaints to the bylaw enforcement department or 42 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

the police. Even worse, you could face a lawsuit that could include an injunction application and a suit for damages for interference with your neighbors’ quiet enjoyment of their homes. A number of neighbors could take this action together – making it more affordable for them – and defending it could cost you a fortune. Then there’s the question of liability. “Does your home insurance cover you if you rent the pool, without advising your insurer of the change of risk?” This includes many factors, such as: Whether you’re protected against property damage by the renters; if a renter is critically injured or dies (you could be sued and have no coverage, or you could be sued for more than your coverage); or police raid your house, and charge you for any illicit activities you may be involved in. As you can see, there are significant risks in participating in these programs, and you need to determine if it’s worthwhile for you. If your neighbour is the one renting their pool and you’re the one being aggravated, what is your recourse? The first step should be to try to address the issue with the owners directly. Failing that, you can call the municipality, and encourage other neighbours to do the same. If the disturbance is occurring late at night, your best course of action is to call the police. Record everything so there is evidence. If necessary, get your neighbors together and hire a litigator, since a larger group of complainants carries more weight. Generally, most people don’t want such issues, and

once spoken to politely, they may cease the offending practices. Finally, how do we fix this, long term? The answer is in the hands of the provincial government, through legislation called the Ontario Health Protection and Promotion Act, and the regulations thereunder. This Act controls all commercial pools in the province, and dictates everything from water quality to lifeguards and more. If the government simply added private pools that are rented to the list of pools covered, everything would change. Renting your pool can be quite expensive, when comparing the small financial return to the serious potential risks. Enjoy your pool and swim away, but remember your rights extend only to the boundaries of your property. 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.

+MORE ADVICE ONLINE nexthome.ca/news/advice

BUilder Profile | newMarKeT

ELIA COLLECTION AWARD-WINNING STATEVIEW HOMES COMING SOON WITH NEW COLLECTION OF TOWNHOMES At the recent Building Industry and Land Development Association’s (BILD) 2021 Awards celebration, StateView was recognized with two distinctions: Project of the Year – Lowrise, and Best Brochure – Lowrise, both for The Enclave in Kleinburg. This private gated collection of just 21 homes is situated steps to historic Kleinburg Village. A BILD pinnacle award, Project of the Year – Lowrise recognizes the GTA project that best combines quality, innovation and excellence in design and marketing. Judges looked at how the community makes the most of its surroundings and the strength of its marketing and sales results. StateView Homes excels at both. Best Brochure – Lowrise recognizes the best sales brochure for a new development of this type. Judges considered the brochure’s creativity, layout and design, content and effectiveness. As The Enclave is sold out, the brochure obviously had a positive effect. “These BILD awards are especially gratifying for us at StateView, since the Greater Toronto Area is one of the most dynamic and competitive for

the new home industry,” says Julian Uccello, vice-president of sales and marketing at StateView Homes. The STaTeView difference

It’s easy to understand why StateView Homes’ communities win awards and continually sell out quickly, especially with the builder’s customer-focused corporate philosophy. The company’s iCare program (performing with integrity, commitment, accountability, responsibility and experience); Comfort+ smart home automation system; and Harmony Package that saves water and energy are all important in the success of StateView’s communities. Corporate citizenship is also a corporate pillar for StateView, which in the fall was a sponsor and Matching Gift donor for SickKids GetLoud, presented by PCL Construction. This annual event raises funds that go toward the building of a new children’s hospital, continued breakthrough discoveries, and partnering with healthcare groups to deliver world-class care to more kids outside the hospital walls. In September, everyone was invited to

run, walk, ride and track kilometres toward donating. StateView took part in a three-day “match” campaign, and as a result, donated more than $120,000. The company has been supporting fundraising efforts for SickKids since it was established in 2009. elia collecTion

Soon, StateView will begin selling Elia Collection near the intersection of Muriel and Gorham Streets in Newmarket. This enclave of just 57 traditional and urban townhomes in three styles will be ideal for families and empty nesters. With clean, modern lines, the collection will create a stunning streetscape in this convenient location. Surrounded by parks and greenspace and close to well-respected schools and outstanding shopping, this new community is also handy to GO Transit, making a trip to Union Station only a 45-minute ride. Golf courses and major highways are also mere moments away. Each townhome will feature the latest in modern finishes. Register at stateviewhomes.com nexthome.ca 43

HOMES Magazine salutes the following companies for their dedication to customer service. After-Sales Service is an essential component of a healthy new home industry. These builders are proud of their commitment to the principles of excellent customer service.

DEDICATED TO

EXCELLENT

44 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

CUSTOMER SERVICE

nexthome.ca 45

1st Place Compact Kitchen Martin DeSousa

1st Place Small Kitchen Linnea Lions

1st Place Medium Kitchen Beverly Binns

1st Place Large Kitchen Glen Peloso & Elizabeth Smith

Turn your DREAM into REALITY

Why Hire an NKBA Professional: • Skills to Design and Plan Safe and Functional Kitchens and Baths • Understand the Industry Environment, Future Trends & Consumer Lifestyles

• Operate and adhere to a strict code of ethics under the guidelines of the NKBA • Utilize Industry Information for Designing & Planning • Research Building Codes and Current Industry Practices

nkba.org/chapters/ontario-canada/

The National Kitchen & Bath Association (NKBA) is a non-profit trade association that promotes the professionalism of the kitchen and bath industry. Established in 1963 as a network of kitchen dealers, it has grown into the premier association of distributors, retailers, remodelers, manufacturers, fabricators, installers, designers and other professionals. The NKBA’s certification program emphasizes continuing education and career development and includes designers and professionals in all segments of the kitchen and bath industry. The NKBA has become a valuable resource for both professionals and consumers.

YOU COULD WIN A

Retail Value

STANLEY® TOOLBOX FILLED WITH TOOLS!

300

Enter our Work Like a Pro Contest! Enter Online • Go to renoanddecor.com/contests • Select this contest within the listing and click Enter to Win. For full contest details & rules visit the link above.

www.stanleytools.ca |

@stanleytoolsca

HOMES MAGAZINE

NORTH REGION FEATURING PROFILES OF NORTH REGION ONTARIO BUILDERS AND COMMUNITIES

PICTURES ARE COURTESY OF DEMOCRAT HOMES. FOR MORE INFORMATION SEE PAGE 48.

Alliston • Barrie • Collingwood • Innisfil • Orillia Meaford • Shanty Bay • Thornbury • Wasaga Beach nexthome.ca 47

Professors’ Walk WEST RIDGE PLACE - ORILLIA

ST S U J OT 2 L FT! LE

PROFESSOR’S WALK PH4 ALMOST SOLD OUT! Find your perfect home in Orillia’s dynamic new residential community. Discover stunning Bungalow and 2-Storey homes on oversized and ravine lots. Our designs include: brick and stone facades, 2-car garages, california ceilings, 3-piece appliance package and insulated steel garage doors! Hurry, Phase 4 is almost SOLD OUT!

EMAIL christopher@democrathomes.com

democrathomes.com

HOMES MAGAZINE

SOUTHWESTERN ONTARIO FEATURING PROFILES OF SOUTHWESTERN ONTARIO BUILDERS AND COMMUNITIES

RendeRings aRe aRtist concepts

PICTURES ARE COURTESY OF MOUnTAInvIEw. FOR MORE InFORMATIOn SEE PAGE 17.

Brantford • Burlington • Cambridge • Georgetown • Guelph Halton Hills • Hamilton • Kitchener-Waterloo • Milton Niagara • Oakville • Stoney Creek • And Surrounding Areas nexthome.ca 49

nexthome.ca | myhomepage.ca

Greater Toronto Area Dec. 19, 2020–Jan. 30, 2021

HOMES Canada’s trusted authority for the latest new home developments, industry news and expert homebuying advice.

Toronto’s Finest NEW HOME GUIDE

Fabulous LIVING IN THOROLD!

WEST COMMUNITY NEW PHASE COMING SOON! DISCOVER SINGLE FAMILY HOMES AND SPACIOUS TOWNS!

INSIDE:

Subscribe to receive our magazines at your front door! Receive every edition of your favourite homebuyer guide To get the latest real estate news, deals and offers, sign up to our e-newsletters!

To get started visit: nexthome.ca/corporate/subscribe

HOMEBUYER INTENTIONS STILL STRONG: SURVEY

WHERE MORTGAGE RATES ARE HEADED IN 2021

Boutique living, by the Shore. Coming Soon to Etobicoke Starting from $1.4 million Discover Lake Shore’s next luxury boutique residence. Located in the heart of waterfront Etobicoke, the Boutique Towns are a curated collection of back-to-back townhomes defined by a rich selection of standard features and finishes. Elevated living has reached new heights.

Boutique luxury 2-bedroom & Den Back to Back Towns Register today at dunparhomes.com

BRO WN IN ’S L E

* Please ask sales representative for details. Prices, terms & speciications are subject to change without notice. E.&.O.E.

LAK

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D B LV

INSPIRATION |

big style

Chic holiday DECOR IDEAS by LISA ROGERS

This season, move past red and green and kitschy decorations. More and more, people are choosing neutrals and natural elements to create a festive atmosphere. Here are some simple ways to fete the holidays in style with decor ideas that give the nod to the season without feeling too overdone.

bronze tend to fit well in any scenario, as do earth tones such as sand, dark oranges and burgundies. SWITCH UP YOUR HOLIDAY WREATH

Holiday wreaths (especially in green and red) can sometimes feel overdone, so keep things fresh by choosing a wreath with natural elements such as cedar, moss, jute or lush pampas.

PICK YOUR PALETTE

Suppose you want to move away from the traditional colour scheme of red and green and lean into the more generic tones that complement your existing decor. Silver, gold and 52 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

CLUSTER YOUR CANDLES

Make your mantelpiece or a deep windowsill a central space with a cluster of different sized candles, mercury glass votives and simple

greenery (I love eucalyptus) that feels effortless and elegant, and often introduces a lovely scent into your home. Add a sprinkle of colourful glass ornaments for a pop of colour and cheer. CREATE A FESTIVE BAR CART AND DINING TABLE

Whether you have a bar cart or use the surface of a cabinet or tabletop, make a festive bar cart with seasonally-inspired spirits, your favourite statement glassware, and add natural elements to your cart that feel holiday-appropriate, such

as bowls of citrus to use as a garnish, pretty candles and snacks, such as a dish of nuts or chocolate kisses. For the dining table, I like the simplicity of taking a few of my favourite decorative tree balls and placing them in a beautiful bowl or basket with sprigs of spruce or pine around them. You can even add tiny white lights to create some sparkle. BRING IN NATURAL ELEMENTS

Decorating for the holidays doesn’t have to be expensive. It’s easy to decorate with items that you already have at your disposal. A glass jar filled with branches and berries is delightful, as are pinecones taken from your backyard or nearby park and placed in and around a table setting. I also love the idea of taking one or two sticks of cinnamon and tying them with ribbon and a pine branch for a festive version of a napkin ring. FESTIVE FLORALS

While poinsettia is the quintessential flower of choice for the holidays, I like the idea of choosing more unusual flowers that still bank on winter hues, but feel more modern. A stand-alone assortment of berries or white flowers with pine is lovely and impactful. One of my favourites is a Christmas Cactus that cleverly blooms just as Christmas is approaching. 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 nexthome.ca 53

HOT PROPERTIES

FIND YOUR NEXT HOME

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

MAP LOCATION

SITE

ADDRESS

CONTACT

Ajax..................................................A Towns ...................................................................... Bayly St. E. & Salem Rd. S. ....................................................... fieldgatehomes.com

Aurora.............................................Queen’s Grove Collection..................................... Yonge St. & Bloomington Rd. ............................................... northstarhomes.com

Aurora.............................................Allegro Downtown Aurora .................................... 36 Klees Crescent .................................................................................geranium.com

Aurora.............................................Woodhaven ............................................................... 14222 Yonge St. ................................................................brookfieldresidential.com

Aurora.............................................Shining Hill ................................................................ Yonge St. & St. John’s Siderd. .............................................. regalcresthomes.com

Aurora.............................................Aurora Townhomes................................................. George St. & Wellington St. .........................................................andrinhomes.com

Aurora.............................................Paradise Aurora ........................................................ Mavrinac Blvd. & Wellington St. ...............................paradisedevelopments.com

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

10.

Brampton.......................................Spring Valley Estates ............................................... 1364 Queen St. ........................................................................ springvalleyestates.ca

11.

Brampton.......................................Mayfield Village ........................................................ Bramalea Rd. & Mayfield Rd. ................................................. royalpinehomes.com

12.

Brampton.......................................The Sandalwood ...................................................... 120 Sandalwood Parkway East ............................................. royalcliffhomes.com

13.

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

14.

Brampton.......................................Queens Lane Townhomes .................................... Mississauga Rd. & Queen St. ....................................... branthavenbrampton.com

15.

Brampton.......................................Cleave View Estate By The Credit ........................ Queen St. & Mississauga Rd. ................................................ regalcresthomes.com

16.

Brampton.......................................Westfield..................................................................... Mississauga Rd. & Steeles Ave. ...........................................................greatgulf.com

17.

Brampton.......................................The Estates of West River Valley........................... McVean Dr. & Countryside Dr............................................... royalpinehomes.com

18.

Brampton.......................................Mount Pleasant North & UNION Mount Pleasant .... Remembrance Rd. & Edenbrook Hill Dr. ............................mattamyhomes.com

19.

Brampton.......................................High Point .................................................................. Mississauga Rd. & Mayfield Rd. ................................paradisedevelopments.com

20.

Brampton.......................................Beechwood ............................................................... Chinguacousy Rd. & Mayfield Rd. ...........................paradisedevelopments.com

21.

Caledon .........................................Ellis Lane .................................................................... Mayfield Rd. & Chinguacousy Rd. ........................................mattamyhomes.com

22.

Caledon .........................................Palgrave Estates ....................................................... Mount Pleasant Rd. & Hunsden Rd. ...............................................flatogroup.com

23.

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

24.

Etobicoke.......................................Vita On The Lake 2 .................................................. 2167 Lake Shore Blvd. W. ........................................................mattamyhomes.com

25.

Etobicoke.......................................Lake Shore Village ................................................... 68 Daisy Ave. ................................................................................. dunparhomes.com

26.

Etobicoke.......................................Lake & Town .............................................................. Islington Ave. & Lake Shore Blvd ......................................................... menkes.com

27.

Etobicoke.......................................80 Thirtieth St. Towns ............................................. 80 Thirtieth St. .............................................................................. dunparhomes.com

28.

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

29.

Kleinburg .......................................New Kleinburg .......................................................... Hwy. 27 & Major McKenzie Dr. W. ........................................ fieldgatehomes.com

30.

Kleinburg .......................................The Enclave on Nashville ...................................... 99 Nashville Rd. .......................................................................stateviewhomes.com

31.

Kleinburg .......................................Pine Valley ................................................................ Pine Valley & Teston Rd ...........................................................goldparkhomes.com

32.

Markham and Unionville.............Cornell Markham ..................................................... Bur Oak Ave. & Hwy 7 .............................................................. ballantryhomes.com

33.

Marham and Unionville .............Union Glen ................................................................ Kennedy Rd. & Major McKenzie ............................................ fieldgatehomes.com

34.

Markham and Unionville ...........Riverwalk Meadows ................................................ Ninth Line & 14th Ave. .......................................................................flatogroup.com

35.

Markham and Unionville ...........Angus Glen South Village ...................................... 9980 Kennedy Rd., #200. .........................................kylemorecommunities.com

36.

Markham and Unionville ...........Kennedy Manors ...................................................... 4500 Major Mackenzie Dr East. ...............................kylemorecommunities.com

37.

Markham and Unionville ...........Nao Phase 2 .............................................................. 14th Ave. & McCowan Rd.......................................................stateviewhomes.com

38.

Markham and Unionville ...........On The Mark Phase 2.............................................. 16th Ave. & Woodbine Ave. ...................................................stateviewhomes.com

39.

Markham and Unionville ...........Minu Towns ............................................................... Donald Cousens Pkwy. & Ninth Line ..................................stateviewhomes.com

54 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

MAPS

BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA

MAP LOCATION

SITE

Locate properties using the map on the following page

ADDRESS

CONTACT

40.

Oshawa ..........................................Kingsview. Ridge ...................................................... Taunton Rd. & Townline Rd. N........................................................treasurehill.com

41.

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

42.

Oshawa .........................................Winchester Estates .................................................. Ritson Rd. & Winchester Rd................................................................... menkes.com

43.

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

44.

Pickering ........................................Geranium in Pickering............................................ Altona Rd. & Twyn Rivers Dr. .............................................................geranium.com

45.

Pickering ........................................Nutowns ..................................................................... Brock Rd. & Whitevale Rd. ............................................................ madisongroup.ca

46.

Pickering ........................................Edgewood Pickering............................................... Altona Rd. & Finch Ave. .......................................................................geranium.com

47.

Pickering ........................................Seaton ......................................................................... 1075 Taunton Rd. ...................................................................... fieldgatehomes.com

48.

Pickering ........................................Frenchman’s Bay...................................................... Liverpool Rd. & Bayly St. ...................................................................madisonfb.com

49.

Pickering ........................................Seatonville ................................................................. Brock Rd. & Taunton Rd. ............................................paradisedevelopments.com

50.

Richmond Hill ..............................The Bond ................................................................... Yonge & King.............................................................................stateviewhomes.com

51.

Richmond Hill ..............................King’s Landing .......................................................... Oak Ridges ................................................................................stateviewhomes.com

52.

Richmond Hill .............................Ivylea ........................................................................... Leslie St. & 19th Ave. ......................................................................marlinspring.com

53.

Richmond Hill ..............................Richlands.................................................................... Leslie St. & Elgin Mills Rd. ...................................................... fieldgatehomes.com

54.

Richmond Hill .............................Millbrook Park........................................................... Elgin Mills & Leslie St..........................................................northstarhomesinc.com

55.

Richmond Hill .............................Park Lane Place ........................................................ Elgin Mills & Leslie St..........................................................northstarhomesinc.com

56.

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

57.

Richmond Hill ..............................Richlands.................................................................... 10961 Leslie St. ..................................................................................opushomes.com

58.

Richmond Hill ..............................Emerald Crossing..................................................... 8854 Yonge Street .................................................................... fieldgatehomes.com

59.

Richmond Hill ..............................King East Estates ...................................................... King Rd. & Toscanini Rd...................................................................... pureplaza.com

60.

Scarborough .................................670 Progress Ave. .................................................... Progress Ave. & Grangeway Ave. ......................................... fieldgatehomes.com

61.

Scarborough .................................Valleyview Garden................................................... 3012 Kennedy Rd. ...................................................................valleyviewgardens.ca

62.

Scarborough .................................Upper Summerside ................................................. 743 Warden Ave. ......................................................................mattamyhomes.com

63.

Scarborough .................................2787 Eglinton Ave. E................................................ 743 Warden Ave. ......................................................................mattamyhomes.com

64.

Stouffville ......................................City Side...................................................................... 10th Line & 19th Ave. .......................................................................opushomes.com

65.

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

66.

Vaughan .........................................Hotel Vie..................................................................... 8440 Hwy. 27............................................................................................hotelvie.com

67.

Vaughan .........................................Evoke ........................................................................... Dufferin St. & Rutherford Rd. ..........................................................treasurehill.com

68.

Whitby ............................................Queen’s Common ................................................... 1075 Taunton Rd.. .....................................................................mattamyhomes.com

69.

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

70.

Whitby ............................................Whitby Meadows ..................................................... Cochrane St. & Taunton Rd. ...........................................................opushomes.com

71.

Whitby ...........................................The Boatworks Towns in Whitby ......................... Brock St. S. & Victoria St. W. ........................................................andrinhomes.com

72.

Whitby ...........................................Park Vista/Whitby Meadows ................................. Cochrane St. & Taunton Rd ................................................... fieldgatehomes.com

73.

Whitby ............................................The Landing in Whitby Harbour........................... Brock St. South & Victoria St. ................................................................ carttera.com

74.

Whitechurch/Stouffville ............Blue Sky ...................................................................... 9th Line & Millard St. ................................................................ fieldgatehomes.com

75.

Whitechurch/Stouffville ...........Cityside Stouffville................................................... Tenth line & 19th Ave. ............................................................. fieldgatehomes.com

76.

Woodbridge ..................................Pine Valley.................................................................. Pine Valley Dr. & Major Mackenzie Dr. .....................................marlinspring.com

77.

Woodbridge ..................................The Enclave ............................................................... 410 Chrislea Rd. .......................................................................stateviewhomes.com nexthome.ca 55

HOT PROPERTIES | GREATER TORONTO AREA

7 4 5 3 59

58 50

52 51 57 53 54 24

56 37

31 30

65 67

29 17 66 11 10 13

12 20 25 18 19

28 9

14 15 16

25 27 26

56 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

75 74 72

32 39

69 70

47 71

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44 61

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62 63

MAPS

CARTOGRAPHY: MARKETMAPS.COM

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

nexthome.ca 57

HOT PROPERTIES | OUT OF TOWN EAST

FIND YOUR NEXT HOME L

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Cameron in the Out of Town East Area to keep your eye on The latest properties

erso n

La k

e Dr

MAP wy W

1. 2. 3. 4. 5. 6. 7.

LOCATION

SITE

ADDRESS

CONTACT

Courtice .........................................The Vale ...................................................................... Prestonvale Rd. & Bloor St....................................................... nationalhomes.com East Region ...................................Newbrook .................................................................. North St. & Concession Rd. ......................................................brookfieldhomes.ca East Region ...................................Haven on the Trent .................................................. Forest Hill Rd. & Riverside Trail................................................................. sifton.com Peterborough ...............................Parklands & The Condo Arbour Villas ................ 1224 Chemong Rd. .......................................................................... masonhomes.ca Port Hope/Cobourg ...................Port Hope Lakeside Village ................................... 415 Lakeshore Rd. ............................................................................ masonhomes.ca Port Hope/Cobourg ...................Kingswood Cobourg............................................... 425 King St. E. .................................................................................... masonhomes.ca Port Perry.......................................Courts of Canterbury .............................................. Simcoe St. & Country Estates Dr. ......................................................geranium.com

Start your search Your trusted authority for the latest new home and condo developments. Visit nexthome.ca to get started.

58 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

HOT PROPERTIES | OUT OF TOWN NORTH

FIND YOUR NEXT HOME

The latest properties in the Out of Town North Area to keep your eye on 5

2 15

6 11

CARTOGRAPHY: MARKETMAPS.COM

12 13 3 10

MAP 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16.

LOCATION

SITE

ADDRESS

CONTACT

Barrie ..............................................Hampton Heights .................................................... Essa Rd. & Ardagh Rd. .............................................................stateviewhomes.com Bracebridge ..................................White Pines ................................................................ 39 Clearbrook Trail ...................................................................mattamyhomes.com Horseshoe Valley.........................Forest Heights Estates ............................................ 2 Diamond Valley Dr., Oro Medonte ................................. democrathomes.com Horseshoe Valley.........................One Twenty Fonthill Condominium Residences .... North Pelham atHwy. 20 ...........................................................mountainview.com Muskoka .........................................Highcrest in Muskoka ............................................. 46 Hanes Rd. ...................................................................... edgewoodmuskoka.com North Region ................................Craighurst .................................................................. Horseshoe Valley Rd. & Hwy. 93................................georgianinternational.com North Region ................................Mountain House at Windfall ................................. Mountain Rd. & Crosswinds Blvd, Collingwood ...georgianinternational.com North Region ................................Emerald Crossing..................................................... Hwy. 89 & Hurontario St., Shelburne .................................. fieldgatehomes.com North Region ................................Braestone Horseshoe Valley ................................. 3246 Line 9 North, Oro Medonte..............................georgianinternational.com North Region ................................GreenRidge & Beeton Village ............................... 41 Main St. W., Beeton .......................................................................flatogroup.com North Region ................................Midhurst Heights...................................................... Russel Rd. & Craig Rd...........................................................................geranium.com North Region ................................Edgewood Greens ................................................... Hwy. 10 & Main St. East, Dundalk ...................................................flatogroup.com North Region ................................Edgewood Suites ..................................................... 270 Hagan St. E., Dundalk .........................................................edgewoodsuites.ca North Region ................................Collingwood ............................................................. Maple & Sixth Street ..........................................................georgianinternational.ca Orillia ..............................................Professor’s Walk ....................................................... Diana Dr. & University Ave. ................................................... democrathomes.com Owen Sound.................................Greystone Village..................................................... 1800 2nd Ave. E...................................................................................flatogroup.com

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nexthome.ca 59

HOT PROPERTIES

FIND YOUR NEXT HOME

The latest properties in the Southwestern Ontario Area to keep your eye on

MAP LOCATION

SITE

ADDRESS

CONTACT

Burlington/Waterdown..............The Towns at Valera ................................................ 4858 Thomas Alton Blvd. ...................................................adidevelopments.com

Burlington/Waterdown..............Nautique Lakefront Residences ........................... 375 Brant St. ............................................................................adidevelopments.com

Burlington/Waterdown..............National Homes in Burlington, ............................ 484-490 Plains Rd. E. ............................................................... nationalhomes.com

Burlington/Waterdown..............Affinity Condominiums .......................................... Plains Rd. E. & Filmandale Rd. ............................................ rosehavenhomes.com

Burlington/Waterdown..............Millcroft Towns ......................................................... Appleby Line & Taywood Dr........................................... branthavenmillcroft.com

Hamilton-Wentworth .................Losani Homes at Barton & Glover ....................... Barton St. & Glover Rd. ..................................................................losanihomes.com

Hamilton-Wentworth .................On The Ridge ............................................................ Mud St. & First Ave. ......................................................................... liveontheridge.ca

Hamilton-Wentworth .................Central Park: Midtown & Soho ............................. Upper Red Hill Valley Pkwy & Rymal Rd. .................................. MyCentralPark.ca

Hamilton-Wentworth .................Tiffany Hill Phase 3.................................................. 288 Raymond Rd. ............................................................................... rosehaven.com

10.

Hamilton-Wentworth .................Monterey Heights .................................................... Shaver Rd. & Garner Rd. W. ..........................................................dicenzohomes.ca

11.

Hamilton-Wentworth .................Stonegate Park ......................................................... Upper Wellington St. & Stone Church Rd. E. ...........................dicenzohomes.ca

12.

Kitchener/Waterloo ....................Wallaceton ................................................................. Huron Rd. & Fischer-Hallman........................................................ heathwood.com

13.

Kitchener/Waterloo ....................River Ridge................................................................. 90 Deer Creek St. ............................................................................................. activa.ca

14.

Kitchener/Waterloo ....................Vista Hills.................................................................... 259 Sweet Gale St............................................................................................ activa.ca

15.

Kitchener/Waterloo ....................Avenue M ................................................................... 40 Margaret Ave. .................................................................................. avenuemkw.ca

16.

Kitchener/Waterloo ....................Young Condos at City Centre ............................... King West & Young St. ...................................................................andrinhomes.com

17.

Kitchener/Waterloo ....................Trailside at Grey Silo Gate...................................... 243 Grey Silo Rd............................................................................................... activa.ca

18.

Kitchener/Waterloo ....................Riverwood ................................................................. 90 Deer Creek St. ............................................................................................. activa.ca

19.

Kitchener/Waterloo ....................Doon South & Ormston at Doon South ............ 653 Thomas Slee Dr. ....................................................................................... activa.ca

20.

London ...........................................RiverBend Golf Community.................................. 2200 Jack Nash Dr. ..................................................................................... sifton.com

21.

London ...........................................Victoria Flats.............................................................. Commissioners Rd. E. & Hamilton Rd. ................................................... sifton.com

22.

London ...........................................Victoria On The River.............................................. Sheffield Blvd. & Commissioners Rd. E. ................................................. sifton.com

23.

London ...........................................Caverhill ..................................................................... Clarke Rd. & Kilallay Rd. ............................................................................. sifton.com

24.

London ...........................................Hudson Park.............................................................. Colonel Talbot Rd. & Pack Rd. .................................................................. sifton.com

25.

London ...........................................Liberty Crossing ....................................................... Wonderland Rd. S. & Hamlyn St............................................................... sifton.com

26.

London ...........................................Middleton................................................................... Wharncliffe Rd. & Exeter Rd. ..................................................................... sifton.com

27.

Milton .............................................West Country Milton ............................................... Regional Rd. 25 & Brittania Rd. ................................................... countryhomes.ca

28.

Milton .............................................Milton Village ............................................................ Tremaine Rd. & Britannia Rd. ..............................................................greatgulf.com

29.

Milton .............................................Soleil............................................................................ Louis St. Laurent Ave. & Bronte St. S. ...................................mattamyhomes.com

30.

Mississauga ...................................5150 Ninth Line ........................................................ 5150 Ninth Line .........................................................................mattamyhomes.com

31.

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

32.

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

33.

Niagara Region ............................Millennium................................................................. Portage Rd., Niagara Falls ..........................................................mountainview.com

34.

Niagara Region ............................Lusso Urban Towns ................................................. Martindale Rd. & Grapeview Dr. ........................................... lucchettahomes.com

35.

Niagara Region ............................Lyon’s Creek .............................................................. 4382 Mann St ................................................................................mountainview.com

36.

Niagara Region ............................Portview Estates ....................................................... Simcoe St. & Canal St..............................................................silvergatehomes.com

37.

Niagara Region ............................Vista Ridge & Vibrant at Vista Ridge .................... 4008 Mountain St. ..........................................................................losanihomes.com

38.

Niagara Region ............................Davis Heights ............................................................ 1535 Haist St, Pelham. ............................................................ lucchettahomes.com

39.

Niagara Region ............................Grimsby Waterfront ................................................. 398 N Service Rd. ...........................................................................losanihomes.com

40.

Niagara Region ............................Saffron Estates .......................................................... Port Robinson Rd. & Rice Rd., Fonthill ...................................mountainview.com

41.

Niagara Region ............................Lincoln Estates.......................................................... Lincoln Ave. & King St. ...................................................................losanihomes.com

42.

Niagara Region ............................The Residences at Hunters Pointe ...................... 71 Kyntre Trail............................................................................ lucchettahomes.com

43.

Niagara Region ............................Edgewater Trails ....................................................... Daimler Pkwy & Magnolia Ln, Welland. .............................. ballantryhomes.com

44.

Niagara Region ............................One Twenty Condos ............................................... Canboro Rd. & Rice Rd., Fonthill .............................................mountainview.com

60 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

MAPS

BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA

MAP LOCATION

SITE

Locate properties using the map on the following page

ADDRESS

CONTACT

45.

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

46.

Niagara Region ............................River Estates .............................................................. Lametti Dr., Pelham.....................................................................mountainview.com

47.

Niagara Region ............................Timberwood Estates ............................................... Merritt Rd. & Grisdale Rd., Thorold .........................................mountainview.com

48.

Niagara Region ............................Ryan’s Grove ............................................................. 13 Tanner Dr. ............................................................................. lucchettahomes.com

49.

Niagara Region ............................Legends On The Green .......................................... Niagara Pkwy & Legends Way ............................................... silvegatehomes.com

50.

Niagara Region ............................Great Blue Resorts ................................................... 612A Welland Ave., St. Catharines .......................................greatblueresorts.com

51.

Niagara Region ............................West Community ..................................................... 44 Elderberry Rd., Thorold........................................................mountainview.com

52.

Oakville ..........................................Oakville Ravine Townhomes ................................ Sixth Line & Germorda Dr.......................................................... dunparhomes.com

53.

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

54.

Oakville ..........................................Randall Residences ................................................. Trafalgar Rd. & Randall St..................................................... rosehavenhomes.com

55.

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

56.

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

57.

Oakville ..........................................White Oaks Ravine................................................... 1429 Dundas St. ........................................................................... dunparhomes.com

58.

Oakville ..........................................The Preserve & East Preserve .............................. Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com

59.

Oakville ..........................................The Preserve Woodland Estates .......................... Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com

60.

Oakville ..........................................5North The Preserve,.............................................. Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com

61.

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

62.

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

63.

Oakville ..........................................Upper Joshua Creek ............................................... 9th Line & Dundas St. ..............................................................mattamyhomes.com

64.

Oakville ..........................................La Réserve.................................................................. 153 Reynolds St. ..................................................................... rosehavenhomes.com

65.

Welland ..........................................Sparrow Meadows ................................................... 335 Hillsdale Rd.. ................................................................... rosehavenhomes.com

66.

West Region ..................................The McKenzie Towns .............................................. 1535 McKenzie Rd. ......................................................................mountainview.com

67.

West Region ..................................Sifton Homes ............................................................ Hyde Park Rd. & Ilderton Rd. .................................................................... sifton.com

68.

West Region ..................................Boulder Creek ........................................................... Cleaver Rd. & King Edward St. .................................................................. sifton.com

69.

West Region ..................................St. George Village .................................................... Concession 2 & Woodhill Rd. ......................................................losanihomes.com

70.

West Region ..................................HarrisView.................................................................. 34 Hollingshead Rd..................................................................................... sifton.com

71.

West Region ..................................Brant West .................................................................. 562 Shellard Ln ....................................................................................brantwest.com

72.

West Region ..................................Magnolia Trails .......................................................... Modeland Rd. & Michigan Lane ............................................................... sifton.com

73.

West Region ..................................Rosewood.................................................................. Nissouri Rd. & Thorndale Rd..................................................................... sifton.com

74.

West Region ..................................Soleil St. Clair ............................................................ Corunna ......................................................................................................... sifton.com

75.

West Region ..................................Seasons & Watercolours at Simply Grand ......... 1039 Rest Acres Rd. ........................................................................losanihomes.com

76.

West Region ..................................Knightsbridge ........................................................... Graff Ave. & Mornington St. ...................................................................... sifton.com

77.

West Region ..................................Hazelwood on the Grand ...................................... Hardy Rd......................................................................................................... sifton.com

78.

West Region ..................................Cottonwood.............................................................. Dingle St. ........................................................................................................ sifton.com

79.

West Region ..................................Hawthorne Park ....................................................... Oakwood Dr. & Byron Ave. ....................................................................... sifton.com

80.

West Region ..................................Reflections Caledonia ............................................ 1437 McKenzie Rd .................................................................... ballantryhomes.com

81.

West Region ..................................Lakeside Landing Wellington................................ 411 Main St., Wellington.......................................................... royalcliffhomes.com nexthome.ca 61

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

KITCHENER–WATERLOO

Guelph 17

Waterloo 12 Kitc

16 15

hener

Milton

13 18

32 34

33 19

Cambridge 1 5

3 70 67

75 77

Brantford

Hamilton

71 9 10

LONDON

23 69 20

66 85

London 22 21

26 72

25 24

62 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

81 31

Mississauga

55 66

63 57 65 56

64 Oakville 54

58 64

MAPS Burlington

6 7

39 46

41 37

45 34

St Catharines

51 33

Niagara Falls 79 44 40

38 48

47 42 43

36 35

Welland

CARTOGRAPHY: MARKETMAPS.COM

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

nexthome.ca 63

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North Star Homes .....................................................................4 4 Paradise Developments .......................................................... 4 5 Regal Crest Homes................................................................... 4 5 Rosehaven Homes.................................................................... 4 5 Royal Pine Homes.....................................................................4 4 SanDiego Homes ......................................................................4 4 Sifton ............................................................................................4 4 Silvergate Homes ...................................................................... 4 5 Stanley .........................................................................................4 6 Stateview Homes ................................................................11, 45 Tribute Communities ............................................................... 4 5

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64 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

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ADVICE | INDUSTRY REPORT

BUILDING UP RESERVES UNDERMINES THE DEVELOPMENT OF COMPLETE COMMUNITIES

DAVE WILKES

A quarter of the cost of a new home in the GTA comprises government fees, taxes and charges. A significant portion of that amount goes to the municipality in the form of parkland charges, Section 37 charges and development charges, which are intended to fund the services and infrastructure necessary to accommodate the population growth brought about by the new development. But what happens when a municipality fails to spend these funds in a timely manner and instead accumulates development charge reserves? Billions of dollars flow to GTA municipalities every year from new residential and commercial development. They are intended to pay for additional police, fire and EMS services, affordable housing, libraries, community centres, new parks, transit and infrastructure, such as roads, sewers and water services. Given the size and complexity of the GTA, and the timeframes required to plan complex projects, it is understandable that there is a delay between when the money is collected and when the spending actually occurs. However, in some GTA municipalities, there has been a continual year-on-year growth in development charge reserves, which means more is being collected than is being used. Some might argue that this is prudent financial management, but it is important to note that these funds

66 HOMES Magazine | Dec. 4, 2021–Jan. 15, 2022

are intended for specific services, and their amount is calculated on a plan put together by the municipality that details exactly what services and infrastructure are required in the next four- to five-year period. The cost of that plan is then divided by the number of anticipated new housing units (by type) to arrive at the exact amount of the development charge to be collected per unit. If there is a significant delay in delivering the services and infrastructure, or if they are not delivered at all (perhaps due to changing political agendas), then both new and old residents of a community are deprived of services and/or infrastructure benefits that have been paid for by new development. Put another way, residents see the development, but not the associated benefit that goes with it. Keeping development charge reserves also undermines the purchasing power of the funds over time. We are living in inflationary times, and that is particularly apparent in real estate and construction in the GTA. Land prices are increasing, driven by the lack of supply, construction costs have escalated over the last few years, and the cost of materials such as wood, concrete

and steel has increased dramatically. All of this means that if development charges were collected in the past, say in 2019, and are being used to build a new community centre today, the money won’t go as far. This is especially true of funds collected by municipalities for parkland, given the escalation of the price of land. In a recent policy paper on parkland charges, BILD recommended that municipalities plan to buy parkland very early in the development process, thereby maximizing the impact of the funds collected. Development charges and parkland charges are essential elements of growth paying for growth. Using these funds in a timely manner in an inflationary environment provides maximum benefits to residents both new and old. 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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