GTA Condo Life - December 30, 2023

Greater Toronto’s COMPLETE CONDO GUIDE

INSIDE:

10 HACKS TO HELP INDOOR PLANTS THRIVE DURING WINTER

Greater Toronto Area Dec. 30, 2023–Feb. 10, 2024

HOUSING PREDICTIONS FOR 2024

C ELEB R AT I NG 3 0 Y E A R S

Dec. 30, 2023–Feb. 10, 2024

CONTENTS COVER STORY

18

ALTREE DEVELOPMENTS BIRCHAUS RESIDENCES IN BIRCH CLIFF VILLAGE A HAVEN OF COMMUNITY AND HISTORY

DEPARTMENTS

6

Editor’s Note

7

Contributors

8

In the Spotlight

14

Priorities and focus

Building industry slams province’s amendment to Toronto Official Plan; more news on pages 9, 12 and 13

Condo Life Online

Catch up between issues at nexthome.ca

44 Maps & Amenity Charts

4

Stat Chat

Is the ‘great reset’ on the way?

condolife magazine |

Personal Finance

36 Big Style

23

Legally Speaking

38

27

Real Estate Pro

28

Western View

2024 homebuying guide: 4 essential steps for future buyers Things to consider as we head into 2024 There really is no place like home

Dec. 30, 2023–Feb. 10, 2024

10 hacks to help your houseplants thrive this winter

29 Home Realty

Housing predictions for 2024

30 TRREB Report 34 Decor

Get cooking in style... the face of your kitchen in 2024

At Home

2024 paint trends

40 Style File

Elements of nature

50 Industry Report

Preparation and communication are keys to living with a renovation

Municipal Official Plans need to be bold

Tackling Toronto’s affordability crisis with real solutions

COLUMNS

16

22

FEATURES

24 Focus on Niagara

Niagara Region – where it’s about a lot more than the Falls

32

National Homes

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EDITOR’S NOTE

PRIORITIES AND FOCUS

WAYNE KARL EDITOR-IN-CHIEF Condo Life Magazine

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

+ get social 6

condolife magazine |

At the time of writing in early December, tree-felling began at Ontario Place as a first step in the controversial redevelopment there, the housing supply crisis in the province raged on and countless other issues faced the province.

Somehow, though, the provincial government deemed it suitable to begin its winter break a week early, suspending the legislature until late February.

Yes, more than two full months away from sitting and trying to solve some of the most difficult challenges we’ve ever faced (short of COVID, which some experts believe is making a resurgence).

Meanwhile, homebuilders and others with a vested interest in the housing industry in the province are struggling with a relentless conundrum – how to build the 1.5 million homes by 2031 that the government has pledged.

A new study by Malone Given Parsons Ltd. (MGP), commissioned for the Building Industry and Land Development Association (BILD) and the Ontario Home Builders’ Association (OHBA), underlines just how serious this challenge is. The report identifies that there is insufficient land within municipal official plans in the Greater Golden Horseshoe (GGH) and Greater Toronto Area to meet mid- and long-term population growth, jeopardizing the provincial homebuilding objective and undermining efforts to address housing supply and affordability.

“Given that the GTHA accommodates over 30 per cent of Canada’s immigration each year, because immigration is the primary driver of population growth in Canada, a shortfall of housing has national implications,” says Neil Rodgers, OHBA interim chief executive officer. “The province has a policy statement to guide development for future growth. It commissioned extensive growth and housing requirement projections to help plan to 2051. This study demonstrates that by ignoring its own policies and projections, decisions made today are going to have far-reaching implications and show that we will be in a demand/supply imbalance for decades to come – continuously pushing prices up. If we’re to address the affordability crisis now, we need solutions that increase supply, promote transit supportive densities and housing choices on shorter timelines.”

“Ignoring its own policies and projections…” Given the housing crisis that, in the provincial government’s own recent words, necessitates a “war-time effort” to solve, this seems like a worthy cause to remain laser focused on.

Not take an extended winter vacation.

In the meantime, BILD and the OHBA are calling on Ontario and municipal governments across the province to ensure that housing affordability and supply are addressed by making sufficient lands available for a marketbased supply of housing. In addition, they are calling on the government to establish a transparent, modern and stable planning system to realize the forecasted growth in the GGH.

Interact with us on social media: nexthome

Dec. 30, 2023–Feb. 10, 2024

CONTRIBUTORS

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

SENIOR VICE-PRESIDENT, SALES, NEXTHOME

Hope McLarnon 416.708.7987 hope.mclarnon@nexthome.ca

DIRECTOR OF SALES, ONTARIO, NEXTHOME

Natalie Chin 416.881.4288 natalie.chin@nexthome.ca

TRREB REPORT | PAUL BARON Paul Baron is President of TRREB, and a career real estate executive with more than 30 years of experience. He is the Broker of Record for Century 21 Leading Edge Realty Inc., which he founded in 1993. trreb.ca

EDITORIAL DIRECTOR

Amanda Pereira EDITOR-IN-CHIEF – GREATER TORONTO AREA

Wayne Karl wayne.karl@nexthome.ca CONTRIBUTORS

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

Jesse Abrams, Paul Baron, Mike Collins-Williams, Debbie Cosic, Barbara Lawlor, Ben Myers, Lisa Rogers, Jayson Schwarz, Dave Wilkes EXECUTIVE MEDIA CONSULTANTS

Jacky Hill, Michael Rosset VICE-PRESIDENT, MARKETING – GTA

Leanne Speers

MANAGER, CLIENT RELATIONS

HOME REALTY | DEBBIE COSIC

Sonia Presotto

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

Marilyn Watling

MANAGER CUSTOMER SALES/SERVICE SALES & MARKETING CO-ORDINATOR

Gary Chilvers

BUSINESS DEVELOPMENT MANAGER

Josh Rosset DISTRIBUTION

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

distributionteam@nexthome.ca ACCOUNTING INQUIRIES

accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs

VICE-PRESIDENT, PRODUCTION – GTA

Lisa Kelly

PRODUCTION MANAGER – GTA

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. bullpenconsulting.ca

Yvonne Poon

GRAPHIC DESIGNER & ASSISTANT MANAGER

Alicesa Pullan

GRAPHIC DESIGNER & PRE-PRESS COORDINATOR

Hannah Yarkony GRAPHIC DESIGNER

Mike Terentiev

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

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IN THE SPOTLIGHT

BUILDING INDUSTRY SLAMS PROVINCE’S AMENDMENT TO TORONTO OFFICIAL PLAN The Building Industry and Land Development Association (BILD) has slammed the province’s approval of City of Toronto Official Plan Amendment (OPA) 591 as yet another example of how the province has abandoned its position of leadership and its electoral mandate to build housing in the Greater Toronto Area in favour of political expediency.

“In order to distance itself from its own past actions, the provincial government has overcorrected on the housing file to secure its political future at the expense of all future homebuyers in the province,” says Dave Wilkes, president and CEO of BILD. “Since early fall, there has been a series of government decisions that are effectively undermining the ability of the industry to add housing supply for future growth. The province is committing us all to unaffordable housing for generations to come.”

Toronto’s OPA 591 proposes new and updated policies related to employment and employment conversions, including mixed-use and land designated for homes. The city’s plans included 24 employment conversions that could accommodate 8,000 new housing units. There were 45 requests to the province through consultation to adjust the city’s OPA scope for potentially tens of thousands of new housing units (based on a BILD member assessment) with some employment

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Dec. 30, 2023–Feb. 10, 2024

space retention if those sites were made mixed use. As the province ignored those requests, these units will now not be built. In addition, based on BILD mapping, none of the city’s employment conversions are near transit, meaning the resulting housing will not be transit-supportive.

Had the province moved forward with the expansion requests there would have been more housing and mixeduse opportunities built, much of it transit-supportive.

This is the latest in a growing list of decisions made by the province that are undermining the provision of housing and employment space supply in Ontario, BILD says. The decision in October to reverse expansions to urban boundaries in the Greater Golden Horseshoe (GGH) limits lands for future housing, meaning there will be a shortfall of 242,000 new housing units by 2051. The decision to indemnify the government against financial damages caused by this reversal has developers questioning whether it is prudent to invest capital into new projects in Ontario. The decision not to expand OPA 591 shelves another potential tens of thousands of housing units.

These decisions, coupled with the announcement to review its

commitment to reduce taxes on new housing through proposed changes to development charges, has created unmanageable uncertainty for the housing industry.

“In the space of a few short weeks, in the middle of the most significant housing crisis this region has faced, this government has made decisions that effectively cancelled nearly 300,000 housing units in the Greater Toronto and Hamilton Area and the GGH,” says Wilkes. “Even more critical, these decisions are undermining the very investors that are needed to finance new housing developments and call into question the viability of projects that that would have added much needed housing supply. Cities and developers around the world compete for this investment and the actions of this government are threatening this lifeblood of new housing.”

Housing cannot be a “political football,” BILD says, and the organization is calling on the province to urgently meet with all stakeholders and define an achievable and sustainable plan to build the housing that our region and province desperately needs to secure the future growth of our economy and communities.

IN THE SPOTLIGHT

ELEVATED BORROWING COSTS WEIGHING ON HOUSING AFFORDABILITY: TRREB High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023, according to the Toronto Regional Real Estate Board (TRREB). Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the market, selling prices remained basically flat year-over-year.

“Inflation and elevated borrowing costs have taken their toll on affordability,” says TRREB President Paul Baron. “This has been no more apparent than in the interest ratesensitive housing market. However, it does appear relief is on the horizon.

Bond yields, which underpin fixed rate mortgages have been trending lower and an increasing number of forecasters are anticipating Bank of Canada rate cuts in the first half of 2024. Lower rates will help alleviate affordability issues for existing homeowners and those looking to enter the market.”

GTA realtors reported 4,236 sales through TRREB’s MLS System in November 2023 – a six-per-cent decline compared to November 2022.

Over the same period, the number of new listings was up by 16.5 per cent.

On a seasonally adjusted monthly basis, sales edged up compared to October 2023, while new listings were down 5.5 per cent.

The MLS Home Price Index Composite benchmark and the average selling price, at $1.08 million,

in November 2023 were basically flat in comparison to November 2022. On a seasonally adjusted monthly basis, the benchmark was down by 1.7 per cent. The average selling price was down 2.2 per cent month-over-month.

“Home prices have adjusted from their peak in response to higher borrowing costs,” says TRREB Chief Market Analyst Jason Mercer. “This has provided some relief for buyers, from an affordability perspective. As mortgage rates trend lower next year and the population continues to grow at a record pace, expect demand to increase relative to supply. This will eventually lead to renewed growth in home prices.”

“Houses and condos are meant to be homes, first and foremost,” adds

TRREB CEO John DiMichele. “We know the demand for homes, both rental and ownership, will grow for years to come. We have seen some productive policy decisions recently that should help with housing affordability, including allowing existing insured mortgage holders to switch lenders without the stress test. Additionally, in the interest of household and economic stability, we continue to call on the Office of the Superintendent of Financial Institutions (OSFI) to apply the same approach to uninsured mortgages. It also goes without saying that further policy work is required to bring more supply online.”

GTA CONDO AVERAGE PRICES, NOVEMBER 2023 (YR/YR % CHANGE) Market

416

905

Total

Detached

$1.61M (3.5)

$1.33M (0.3)

$1.40M (0.8)

Semi-detached

$1.21M (2.4)

$949,079 (2.9)

$1.06M (2.0)

Townhome

$962,335 (-3.6)

$866,551 (-0.7)

$885,818 (-1.7)

Condo

$720,280 (-1.7)

$689,654 (6.4)

$710,501 (0.4)

The One Stop Shop for Builder Storytelling mcouatpartnership.com

SOURCE: TRREB

nexthome.ca 9

IN THE SPOTLIGHT

MARKET TO RETURN TO NORMAL, RATES TO FALL IN 2024: ROYAL LEPAGE After years of unprecedented irregularity, the real estate market may return closer to normal in 2024.

According to the Royal LePage Market Survey Forecast, the aggregate price of a home in Canada is set to increase 5.5 per cent year over year to $843,684 in the fourth quarter of 2024, with the median price of a single-family detached property and condominium projected to increase 6.0 per cent and 5.0 to $879,164 and $616,140, respectively.

“Looking ahead, we see 2024 as an important tipping point for the national economy, as the majority of Canadians acknowledge that the ultra-low interest rate era is dead and gone,” says Phil Soper, president and CEO, Royal LePage. “We believe that the ‘great adjustment’ to tolerable, mid-single-digit borrowing costs will have a firm grip on our collective consciousness after only modest rate cuts by the Bank of Canada.”

Home prices are expected to rise next year in all major markets across the country, with Calgary forecast to see the greatest gains. Throughout the second half of 2023, while prices have been declining in other cities, the Calgary real estate market has bucked the trend continuing on an upward price trajectory.

Royal LePage says its forecast is based on the prediction that BoC

has concluded its interest rate hike campaign and that the key lending rate will hold steady at five per cent through the first half of 2024. The central bank is expected to start making modest cuts in late summer or fall of next year. Meanwhile, several major financial institutions have already begun offering discounts on fixed-rate mortgages.

“For the last year, many Canadians have been fixated on the idea of interest rates needing to come down significantly before they can afford to enter or re-enter the housing market,” Soper says. “Acceptance that a mortgage rate of four to five per cent is the new normal should untether pent-up demand as first-time buyers, flush with savings collected during the extended down market in housing, regain the confidence to go home shopping. And, with the return of first-timer demand, we expect families who have put off upgrading their homes to begin to list their properties in much greater numbers.”

COMPETING PUBLIC POLICY OBJECTIVES

In the federal government’s Fall Economic Statement, billions of dollars were committed and reaffirmed towards increased levels of new housing construction. This includes favourable loan agreements

and tax benefits for developers of purpose-built rental buildings and public housing projects, as well as financial assistance for municipalities to crack down on short-term rentals in an effort to push more supply onto the resale market in urban centres.

“It is encouraging to see policy makers tackling Canada’s housing affordability issues and supply shortfall, yet there remains a large accessibility gap for first-time buyers and middle-income earners,” says Soper.

GREATER TORONTO AREA

In the GTA, the aggregate price of a home in the fourth quarter of 2024 is forecast to increase 6.0 per cent year over year to $1.19 million.

The median price of a single-family detached property is expected to rise 7.0 per cent to $1.48 million, while condominiums are forecast to increase 5.0 per cent to $754,845.

“There is a lot of uncertainty surrounding Canada’s economy and the real estate market these days, and that is especially true in the major centres like Toronto,” says Karen Yolevski, chief operating officer, Royal LePage Real Estate Services Ltd. “What is certain is that Canadians need housing, they value homeownership and most are willing to prioritize buying a home over just about anything else.”

RESCON MAKES LARGE CONTRIBUTION TO FOOD BANK

52pick-up.com

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Dec. 30, 2023–Feb. 10, 2024

The Residential Construction Council of Ontario (RESCON) presents a cheque for $50,000 to the Daily Bread Food Bank in Toronto. Carol Eby, senior manager, corporate partnerships at the food bank, left, receives the cheque from RESCON President Richard Lyall.

IN THE SPOTLIGHT

ONTARIO’S PROJECT OF THE YEAR OFFICIALLY BREAKS GROUND The award-winning condominium project at 491 Plains Rd. E., Northshore Condos, has officially broke ground in Burlington. The development team was joined by Councillor Kelvin Galbraith of Burlington’s Ward 1 – where the project is located – to celebrate this exciting milestone with the community.

Developer National Homes has been dedicated to the region for many years, creating numerous communities throughout Toronto’s west end and expanding across the GTA in search of the best locations to live.

Northshore is the latest in their quest for perfection, introducing a striking collection of modern condos to Burlington’s north shore where LaSalle meets the harbour. This walkable location brings amenities within arm’s reach, allowing future residents to access the full breadth of urban connections while surrounded by natural greenspace, with the

lake on the horizon and fairway at their feet.

At this year’s Ontario Home Builders’ Association’s Awards of Distinction, Northshore took home the gold with its success in winning Mid or Highrise Project of the Year.

The annual Awards of Distinction is a program which celebrates the best developers, projects and designs across Ontario. As Project of the Year, Northshore is the face of excellence in condo design, recognized as the best of its class in the entire province.

Its bold modern style and livable suites combine with a rich array of amenities designed for both work and play, seeking to enhance the lifestyle of residents on all fronts.

“It was such an honour being recognized for such a prestigious award,” says Jason Pantalone, president and CEO of National Homes. “Achievements of this scale can only be accomplished with the endless efforts and support of all of

our staff, partners and communities, and it’s their commitments that have made Northshore such an incredible success.”

Northshore boasts a boutique collection of one-bedroom suites starting from the $600,000s, with two- and three-bedroom suites also available. mynorthshore.ca nationalhomes.com

nexthome.ca 13

Catch up between issues at

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& enjoy these popular stories

NEW CONDO

A new condo coming soon to Hastings and Glendale in St. Catharines Silvergate Homes’ new condominium, Merritton Mills on Hastings, located in St. Catharines’ Merritton neighbourhood near Glendale, presents a unique opportunity to be a part of the evolving landscape of a thriving community.

HOUSING POLICY

Industry applauds province for housing-supportive infrastructure The homebuilding industry applauds the Ontario government for important housing infrastructure announcements released in its recent Fall Economic Statement.

HOUSING MARKET

A pulse on the GTA rental and homeownership market High interest rates and economic uncertainty are keeping first-time buyers from moving off the sidelines and into the homeownership market. But overall demand for housing is still strong thanks to record population growth and a relatively resilient economy.

HOUSING MARKET

The gift of giving back this holiday season In times of economic uncertainty, the importance of giving back becomes even more pronounced.

INSIGHT

Tips for buying a home in a higher rate environment In today’s economic landscape, marked by higher interest rates and inflation, the decision to invest in real estate can be complicated and isn’t always a simple yes or no. It’s about uncovering opportunities that can sometimes arise in markets where conditions are less favorable.

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Dec. 30, 2023–Feb. 10, 2024

@condolifemag

CondoLifeMagazine

@condolifemagazine

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Registered Interior Designers have completed the necessary technical education and passed the required exams to meet ARIDO’s rigorous standards for membership.

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Present concept ideas, preliminary drawings, and images to client.

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Document progress to ensure compliance with design intent and project budget. Address issues as they arise.

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ADVICE | STAT CHAT

IS THE GREAT RESET ON THE WAY? DEVELOPERS OFFERING

PRICE ADJUSTMENTS BEN MYERS Toronto’s new housing landscape is undergoing a seismic shift, with the new condo market experiencing a significant sales decline, with activity returning to 2003 levels.

New condo sales in the Greater Toronto Area at the end of Q3-2023 fell by 47 per cent annually, with 16

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Dec. 30, 2023–Feb. 10, 2024

only 9,582 sales recorded. Bullpen is forecasting just 10,500 new condo sales in 2023, which is well below the long-run annual average of 23,250 from 2010 to 2022. Elevated interest rates and the lingering impact of last year’s property value surge have created headwinds for the market, leading to a slowdown in sales, fewer project launches, and an overall contraction in the real estate sector.

Despite the short-term challenges, the market remains undersupplied based on macro-economic factors, highlighting the enduring appeal

of condominium living in the GTA, especially among first-time buyers and young tenants leasing suites from investors. The demand extends beyond conventional preferences for walkability, transit proximity and contemporary amenities, attracting diverse age groups, including boomers looking to downsize in the coming decade.

While the market experiences a slowdown, certain projects have defied the trend by achieving robust sales. Developers who price their developments at levels observed in

“

Pricing is expected to continue to decrease with unsold inventory increasing, with a clear glut of luxury penthouses and larger 1,500 sq. ft. or larger units sitting on the market unsold.

”

the summer and fall of 2021 have witnessed success. However, many developers face constraints due to having acquired land at peak prices, making it challenging to lower prices to previous levels. A market reset will take time to materialize, as projects under construction complete and construction costs decline. However, the underlying demand is strong for housing in Toronto, as demonstrated by the continued increase in rental rates. Developers making savvy land purchases in the current climate are poised to reap rewards when the market rebounds in a couple years.

New condo prices have increased for about 27 consecutive years in the GTA, but data suggest that pricing is down about nine per cent yearover-year based on per-square-foot asking prices. Notably, the correction varies by bedroom type, with onebedroom units experiencing a one-per-cent annual increase, while two-bedroom units witness a twoper-cent decrease.

Pricing is expected to continue to decrease with unsold inventory increasing, with a clear glut of luxury penthouses and larger 1,500 sq. ft. or larger units sitting on the market unsold.

Looking at all new housing types, October 2023 saw 1,872 new home sales, marking a seven-per-cent decline from the same month in 2022 and a staggering 50 per cent below the 10-year average. Condos, accounting for 1,304 units sold in October, which are down 20 per cent from the previous year and 49 per cent below the 10-year average. In contrast, single-family home sales experienced a surprising uptick of 47 per cent, totaling 568 units, yet still falling 51 per cent below the 10year average.

The new home remaining inventory has surged to 21,032 units, including 17,930 condos and 3,102 singlefamily dwellings – the highest level since 2016. Developers are cautiously testing the waters with new launches,

gauging buyer readiness. Justin Sherwood of BILD notes that current monetary policy, interest rates and affordability challenges contribute to buyers sitting on the sidelines, impacting future housing starts.

Delays in preconstruction sales translate to delays in adding housing supply, and the market awaits signals of more moderate interest rates to spur increased supply.

Toronto’s developers are navigating challenging waters, grappling with a significant sales downturn and a gradual price correction. Despite these challenges, underlying demand for housing remains robust, driven by factors such as immigration, low unemployment and soaring rents. Bullpen advises developers to make strategic moves in the current market conditions, anticipating future rewards when the market comes roaring back in 2025 and 2026. As the market undergoes this transformation, careful consideration of pricing strategies and an awareness of evolving buyer preferences will be crucial for developers aiming to weather the storm and position themselves for long-term success.

From a buyer perspective, there are still select deals to be had, and anyone looking to purchase a preconstruction unit should compare the price of a new unit versus a comparable recently-completed unit.

Contact an experienced broker that understands where that new housing premium should be, and make an informed decision. Good luck.

Ben Myers is the President of Bullpen Consulting, a boutique residential real estate advisory firm specializing in condominium and rental apartment market studies, forecasts and valuations for developers, lenders and land owners.

Contact him at bullpenconsulting.ca and @benmyers29 on Twitter.

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COVER STORY

BIRCHAUS RESIDENCES IN BIRCH CLIFF VILLAGE A HAVEN OF COMMUNITY AND HISTORY Birch Cliff Village is a serene testament to Toronto’s rich history, a tapestry woven with stories of the past that continues to thrive. The neighbourhood was first established in the 19th century as a peaceful retreat for city dwellers seeking solace amidst the striking beauty of the Scarborough Bluffs. A cherished getaway, Birch Cliff Village has evolved into a close-knit enclave while retaining its old-world charm, offering a timeless sanctuary away from the bustling urban landscape.

ENJOY THE HISTORICAL CHARM OF BIRCH CLIFF VILLAGE

At its heart lies a profound sense of community rooted in its historical 18 condolife magazine |

Dec. 30, 2023–Feb. 10, 2024

origins. The Toronto Hunt Club’s establishment in the late 19th century marked the beginning of Birch Cliff’s journey. Starting as a home for equestrian pursuits, today, it is one of the premier social and recreational clubs in eastern Toronto.

Over time, the village has preserved its history through architectural marvels, heritage parks and the enchanting allure of its tree-lined streets. Adorned with several historical buildings with architectural styles ranging from Tudor to Edwardian to Cape Cod and nestled next to the heritage Guildwood Park, these structures stand as living reminders of Birch Cliff’s evolution over time.

But beyond the tangible remnants of its past, Birch Cliff embodies a spirit – a sentiment captured within its cosy confines – a place where neighbours become family, time slows down and bonds are forged.

UP CLOSE AND PERSONAL AT BIRCHAUS RESIDENCES

Amidst this nostalgic ambiance, Birchaus Residences is a ninestorey boutique condominium, drawing on the essence of Birch Cliff Village. Coming this year, this future sanctuary at 1615 Kingston Rd. is just down the street from the Scarborough Bluffs, puts you high up above Lake Ontario, and close to downtown in the heart of the charming and very personal Birch Cliff Village neighbourhood. Featuring varied floorplans and tailored finishes, each unit echoes the individuality and character of its residents.

On its exterior, the building is clad in warm-toned brick to blend into its surroundings and honour the quaint small-town essence of the community. Live work suites and retail space on the ground floor animate the streetscape and provide further opportunities for people to come together and build an engaging space for community-driven ventures.

deliberate integration of indoor amenities designed to foster a sense of community and family values.

The residence isn’t just a collection of units; it’s a canvas that brings people together, painting a portrait of belonging and togetherness.

Step into the coworking space and discover more than a standard study and workspace. It’s a bustling hub featuring a fully stocked coffee bar – a space that encourages collaboration, interaction and the sharing of ideas. Here, professionals and creatives converge, creating a melting pot of innovation fueled by caffeine and camaraderie.

Venture into the vibrant and versatile kids’ room, and you’re greeted with more than colourful walls. A ball pit awaits, a playground of shared joy where children frolic, laugh and build friendships.

The space includes a variety of other opportunities for activity and collaborations – such as an art table, rock climbing wall and, of course, a television for video games and kids’ shows. The kids’ room is truly meant to be a safe place where bonds are formed and memories are etched in the hearts of the next generation of the community.

AMENITIES THAT BRING PEOPLE TOGETHER

What sets Birchaus apart isn’t just its architectural finesse, but the nexthome.ca 19

Birchaus Residences isn’t merely a place to reside; it reflects Birch Cliff Village’s ethos – a commitment to preserving a sense of belonging, fostering kinship, and ensuring that residents feel cherished and welcomed in their homes.

AN AUTHENTIC CITY VILLAGE EXPERIENCE

Living in Birch Cliff Village, with Birchaus Residences as its jewel, offers a unique dichotomy – a retreat from the frenetic pace of modern life yet within arm’s reach of the vibrant downtown core. And with everyday essentials, such as the library, grocery stores, restaurants, cafes and other amenities just moments away, inhabitants have time to savour life’s simple pleasures. In a world where time seems to sprint, here, time slows down.

Imagine entering Birch Cliff Cafe and being enveloped by familiar faces, where a visit isn’t just about a cup of coffee but a reunion with friends. On the weekends, visit The House and Gardens, a family-run floral, home and garden decor shop that helped create beautiful corners in Birch Cliff’s homes for two 20 condolife magazine |

Dec. 30, 2023–Feb. 10, 2024

decades. Birch Cliff Village is truly an opportunity to step away from the chaos of the city and find solace in embracing a community that feels like family.

Birchaus Residences is about weaving the threads of community, history and contemporary living into a tapestry that embodies the

essence of what it means to call a place home. It’s a tribute to the past, a celebration of the present and a promise of an enduring legacy for generations to come.

Birchaus Residences coming this year. For more information, register at birchausresidences.com.

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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.

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Anyone building or selling a new home in Ontario must be licensed.

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ADVICE | PERSONAL FINANCE

2024 HOMEBUYING GUIDE: 4 ESSENTIAL STEPS FOR FUTURE HOMEOWNERS 2. GET PRE-APPROVED FOR A MORTGAGE

JESSE ABRAMS A new year is almost upon us, and many Canadians likely want to add homeownership to their goals for the new year. However, 2024 poses some unique challenges compared to previous years with record high levels of inflation and interest rates. Despite some of these hurdles, the good news is that homeownership is a goal that’s still achievable. There are simply some additional considerations that need to be top of mind to ensure you go into this prepared.

1. START WITH A FINANCIAL HEALTH CHECK

In today’s market where inflation and interest rates are high, our expenses on daily essentials such as groceries and fuel have gone up significantly. As a result, this has left many Canadians relying on their credit cards or tapping into savings to get by. If you want to purchase a home in 2024, your first step is a financial health check.

This involves a thorough review of your savings, outstanding debts, and credit cards to determine your financial readiness. This will give you insight into whether you have enough money for a down payment and if your income can comfortably cover your monthly financial expenses.

To take things one step further, it’s worthwhile to get a credit check and understand where your credit score stands as this also plays a role in your mortgage application.

Lenders increasingly focus on financial stability, so ensuring that your finances are in tip-top shape will make this process that much easier.

22 condolife magazine |

Dec. 30, 2023–Feb. 10, 2024

Once you confirm that your finances are in good standing, getting preapproved for a mortgage is a wise next step. Pre-approval provides insight into what banks, lenders or credit unions are willing to lend and how much you can borrow, helping you set a defined budget for your home search. This ensures you’re shopping in neighbourhoods you can afford, saving you plenty of time and heartache over those homes outside of your price range. Pre-approval also removes the stress of having to finance your home at the last minute and minimizes the risk of the deal falling through altogether – making things a lot less stressful.

you’re unsure which way to go, this brings us to the next essential step: consulting the experts.

3. SHOP AROUND FOR A MORTGAGE WITH RATES IN MIND

4. CONSULT REAL ESTATE AND MORTGAGE PROFESSIONALS

When it comes to getting a mortgage, many people’s default choice is to go directly to their home bank. However, this isn’t always the best approach, as there are numerous other lenders, including monoline lenders and credit unions, that offer more competitive and flexible mortgage products with better rates and features. Our team at Homewise prides itself on exploring the marketplace for a variety of mortgage options, spanning Prime A, B and private lenders, and presenting those options to clients so they can make an informed decision.

With interest rates at their peak, choosing the right mortgage type is a crucial decision. It’s important to weigh the pros and cons of fixed- versus variable-rate mortgages. A fixed-rate might seem more appealing because there is predictability in your payments, but variable rates could offer savings should interest rates go down. If

Given the current state of the market, you’ll want to consult a mortgage and real estate professional and get educated on current trends including interest rates, housing prices and inventory levels in your desired neighbourhood. Deferring to experts will help guide you toward decisionmaking that’s tailored to your unique financial circumstances, versus a one-size-fits all approach. Our team at Homewise and Homewise Real Estate works together with our clients to provide a holistic experience that walks them through the home buying process from start to finish.

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

+MORE CONTENT ONLINE nexthome.ca

ADVICE | LEGALLY SPEAKING

THINGS TO CONSIDER HEADING INTO 2024

JAYSON SCHWARZ, LLM AND JACQUELINE MONETA, JD As one year ends and a new one begins, it is a time to reflect on the year’s accomplishments, and to set our goals and objectives for the year ahead. While it may not seem festive, it’s the perfect time of year to work on a financial and estate plan.

Estate planning simply means having a plan in place to enable succession planning in your business or how to deal with your assets in the event of your death. The legal documents associated with an estate plan can include a will, powers of attorney and trusts.

Everyone needs a will, no matter whether you have a complex estate or modest assets, you want to ensure they go to the right places and people without delay or undue expense. Powers of attorney grant

a trusted person the ability to act on your behalf should you become incapacitated. You can choose to cover medial decisions, financial ones or both. A trust is a contract that allows an individual you name (the trustee) to deal with the assets you bequeath for the benefit of designated people (the beneficiaries).

A trust can be a particularly useful tool with elderly parents or dependent children to help them manage their affairs.

Many entrepreneurs start early, set up the company in their own name and then march forward growing the business and creating wealth.

For example, if you’re 60, successful and have two children involved in your business… you may be wondering, what happens if you die? First, there is a deemed disposition on death. This means that your estate will pay tax on the difference between the initial value of the shares in the company you hold and the value today. It could be a

significant amount of money. Where will it come from? Second, who gets the shares and control of the business? This is a recipe for disaster, unless there has been planning. All your work potentially at risk. In order to fix this, speak to an experienced corporate lawyer with tax knowledge or a tax specialist accountant. They can guide you on setting up the appropriate holding companies and performing permissible freezes and restructure to allow for orderly succession planning and tax minimization.

It really doesn’t matter what kind of business you have. You could be a doctor, lawyer, engineer or any professional with an operating company. You could be a sales organization, manufacturer or simply an investor; all can be helped, and moreover, maybe you need a company for tax and liability protection.

All in all, the good news is that you don’t need to do all of this alone.

An estate lawyer can help you with more than just drafting a will. An experienced corporate tax and real estate lawyer can assist with planning and structure and may bring in the experts you require or just help get going.

Procrastination is the number one issue when it comes to estate, succession and corporate planning.

Now is the time to add it to the top of your New Year’s resolutions.

Jayson Schwarz LLM is the Senior Partner and Founder of Schwarz Law Partners LLP, and Jacqueline Moneta is the head of the Commercial Law Section of the firm.

+MORE CONTENT ONLINE nexthome.ca

nexthome.ca 23

FOCUS ON NIAGARA

NIAGARA REGION

WHERE IT’S ABOUT A LOT MORE THAN THE FALLS

by WAYNE KARL Niagara Region often inspires thoughts of mostly the Falls themselves, those natural wonders to which a visit never grows old.

But beyond the awe-inspiring beauty and power of the Falls and the Niagara River, Niagara Region offers a lot more that’s worthy of just a weekend getaway.

Encompassing towns such as Grimsby, Lincoln, Niagara-onthe- Lake, St. Catharines, Thorold and Welland, the Niagara Region is blessed with a great natural location.

It occupies most of the Niagara Peninsula, bounded by the U.S. to the south and on the north by Lake Ontario, and of course the Niagara Escarpment – all of which offers strong potential for business and lifestyle choices.

These natural landscapes and climate make the Niagara Region perfect for agri-businesses such as winemaking – a key economic sector. The Niagara Wine Route, for example, connects dozens of wineries 24

condolife magazine |

Dec. 30, 2023–Feb. 10, 2024

and is a growing tourism draw, complementing cultural events such as the Shaw Festival.

Indeed, a visit to the area can involve a stop at the Falls, winery tours, the quaint town of Niagaraon-the-Lake, the Botanical Gardens, with its Floral Clock and Butterfly Conservatory, several championship golf courses and a growing casino industry in downtown Niagara Falls.

But this is all for play. To live and work in the region is another matter.

ECONOMIC GROWTH

Again, a blessing of location, Niagara is within 800 km of two provinces, nine states and 130 million people on both sides of the border. This means opportunities for business.

The trade that flows across Niagara’s borders totals more than $100 billion annually, and supports hundreds of thousands of jobs across Canada and the U.S. The infrastructure network to support this trade activity comprises five international bridges, multiple

railways and the Welland Canal, linking Lake Erie into the St. Lawrence Seaway system.

All of this is conducive to growth potential for the region’s manufacturing and transportation and logistics sectors, to complement the historical strength in agriculture and tourism.

Niagara’s economy has shown steady growth in a number of areas, particularly in job creation and new investment, but still lags slightly behind Ontario averages.

The Niagara economic development department confirms the area still has challenges in higher unemployment, lower participation rate and lower household income per capita.

NEW HOME DEVELOPMENT

As the economy grows and affords people more opportunity to live and work in Niagara – or close by – newhome development is following.

Much of the housing growth is in the lowrise category, as buyers

MEDIAN HOME PRICES Q3 2023, NIAGARA-ST. CATHARINES SINGLE-DETACHED HOMES Q3 2022

Q2 2023

Q3 2023

$672,100

$699,100

$664,400 -0.7%

STANDARD CONDO

Q/Q % Y/Y % -1.1%

Q3 2022

Q2 2023

Q3 2023

Q/Q %

$397,200

$388,200

$394,000 1.5%

AGGREGATE Y/Y %

Q3 2022

Q2 2023

-0.8%

$641,000 $639,100

Q3 2023

Q/Q % Y/Y %

$635,900 -0.5%

-0.8%

Source: Royal LePage

from the GTA find the lot sizes and price points far more appealing and affordable.

But that, too, is changing, as some consumers prefer the condo lifestyle, even in a nature-rich area such as Niagara. Developers are responding in kind, with several new condo projects, many of them midrise or boutique condominiums.

Silvergate Homes, for example, is launching a new condominium, Merritton Mills on Hastings, near Glendale, in St. Catharines’ popular Merritton area.

With its long-standing roots in the neighbourhood, Merritton is rapidly becoming a highly desirable place to live. Its proximity to South St. Catharines and its many amenities makes it ideal for families, singles and retirees. It is also conveniently located close to the Pen Centre, downtown

core, hiking and biking trails, Brock University and Niagara College.

In the first phase of Merritton Mills, Silvergate will build a 71-suite midrise condominium, comprising one- and two-bedroom suites ranging from 800 to 1,200 sq. ft.

And Lucchetta Homes, another well-established builder in the area, is launching the final phase at its Hunters Pointe development – WaterCrest. Hunters Pointe is located at the confluence of the Welland Canal and the Welland River (which flows under the canal through an aqueduct).

Incorporating some of the most stunning views in the community, and nestled along a picturesque and serene promontory, WaterCrest is sure to appeal to new-home buyers looking for an exclusive place to call home.

Part of the appeal for homebuyers in Niagara – besides lifestyle and proximity to some of Ontario’s great natural attractions – is affordability relative to other parts of the Greater Toronto and Hamilton Area.

“The housing market in NiagaraSt. Catharines has become more balanced this quarter,” says Brad Johnstone, broker of record, Royal LePage NRC Realty. “After an extended period of low inventory levels, the region is seeing an increase in available properties.

This has resulted in a more relaxed environment for buyers who do not feel the sense of urgency to transact right away, and are able to add conditions to their offers. At the same time, sellers will benefit from stable prices which continue to sit at historically high levels.”

nexthome.ca 25

+

LOCATION, LOCATION, LOCATION

A regional municipality in Southern Ontario comprising 12 municipalities such as Grimsby, Lincoln, Niagara-on-the-Lake, St. Catharines, Thorold and Welland; 130 kms from Toronto; 86 kms from Hamilton..

KEY LANDMARKS

Johnstone notes that the region is seeing more traditional market conditions in comparison to the last few years, and there is a mixed demographic of buyers and sellers driving the market.

“Many buyers find the Niagara region attractive compared to areas like the GTA and other regions in southern Ontario,” he says. “We are seeing buyers from all demographics take advantage of more manageable housing prices in the region, namely first-time buyers. Move-up buyers from the GTA who have sold their homes can either come to Niagara and live mortgage free with a more affordable property, or they can upgrade to a larger home.”

Johnstone adds that Niagara’s housing market has experienced rapid growth and a subsequent correction in recent years. Going forward, he expects a more gradual increase in housing prices without major price fluctuations.

“The key to achieving market stability relies on a steady increase of inventory,” Johnstone says.

“Government initiatives aimed at curbing inflation with interest rates and increasing housing availability are expected to impact the market positively.”

26

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Dec. 30, 2023–Feb. 10, 2024

• Botanical Gardens • Casino Niagara • Clifton Hill • Fallsview Casino • Legends on the Niagara Golf Course • Lundy’s Lane • Niagara Falls • Niagara Wine Route • Skylon Tower • Welland Canal • Whirlpool Golf Course

LUNA

By Silvergate Homes silvergatehomes.com Lusso Urban Towns

By Lucchetta Homes lucchettahomes.com Meadow Heights

By Dunsire Developments dunsire.com Merritton Mills

By Silvergate Homes merrittonmills.com On the Ridge

By DeSantis Homes centurycondos.ca One Fonthill Condominiums

By Mountainview Homes mountainview.com Park Lane Place

By Park Lane Home Builders parklanehomebuilders.com Riverside at Hunters Pointe

By Lucchetta Homes lucchettahomes.com Saffron Estates

By Lucchetta Homes lucchettahomes.com Settlers Landing

By Blythwood Homes blythwoodhomes.ca

SELECT HOUSING DEVELOPMENTS

Shelter Cove

By Shelter Cove sheltercove.ca

Arbour Vale

By Pinewood Home Builders pinewoodhomes.ca

Splendour

By Pinewood Home Builders pinewoodhomes.ca

Benchmark

By Losani Homes losanihomes.com

Sweetberry

By Losani Homes losanihomes.com

Bromley Gardens

By Dunsire Developments dunsire.com

The Oaks at Six Mile Creek

By Blythwood Homes blythwoodhomes.ca

Century Condos

By DeSantis Homes centurycondos.ca

Village Creek

By Park Lane Home Builders parklanehomebuilders.com

Coveteur

By Pinewood Home Builders pinewoodhomes.ca

Village on the Twelve

By Silvergate Homes silvergatehomes.com

Grimsby Waterfront

By Losani Homes losanihomes.com

Vista Ridge

By Losani Homes losanihomes.com

Harbourtown Village

By Silvergate Homes silvergatehomes.com

WaterCrest at Hunters Pointe

By Lucchetta Homes lucchettahomes.com

ADVICE | REAL ESTATE PRO

THERE REALLY IS

NO PLACE LIKE HOME BARBARA LAWLOR The Canadian proverb “there’s no place like home” is now more meaningful than ever before.

Considering that phrase in the practical sense, it has long been known that owning real estate is one of the most lucrative ways to accumulate household wealth. In fact, a home or condominium is the single largest household investment for most people. Whether it is a financial or lifestyle investment – or both – a property is a tangible asset that is much more easily understood than stocks and bonds.

Just before the pandemic, a U.S. survey showed that homeowners had on average 40 per cent more household wealth than renters.

Homeownership is the dream of most Canadians and immigrants to our country for financial investment potential, but for much more. Often overlooked is the psychological aspect of owning.

In 2022, a Canadian study resulted in 75 per cent of participants stating that their home has become even more important to them because of the COVID pandemic. That is easy to understand, as the pandemic forced most of us to rely on our homes more than before COVID hit. During those difficult years, our homes were where most of us lived, played and worked.

Before and since then, the home has been a gathering place for family and friends – where lifelong memories are made and celebrated.

Owning a house or condominium brings with it a sense of permanency, of belonging to a community.

Bellwoods House Townhomes by Republic

Many call it “putting down roots,” which may be a cliche, but it has an underlying truth to it. Recent surveys also show that most homeowners consider comfort and safety in their homes and communities extremely important. This fact shines a light on a family’s surroundings being considered “home” as well as their house or condo. That is why so many residential developers spend time and effort into ensuring their homes and condominiums are situated in areas where people will want to live. It is also why so many immigrants flock to Canada for the relatively safe lifestyle we enjoy.

Over the past handful of years at Baker, we have found that younger buyers are more educated than ever on the ins and outs of purchasing and owning real estate. Economic challenges such as rising prices and interest rates have kept some from signing on the dotted line, but in the end, people are still finding ways to live out their dream of homeownership. Whether it is

through co-owning, cashing in RRSPs, or accepting help from the bank of mom and pop, we see a new generation jumping onto the homebuying wagon. This is a smart move both financially and psychologically.

As challenging as the real estate market has become since the pandemic, people still need homes to fulfill their Canadian dream. I wish you a wonderful, healthy, happy new year.

And remember that when it comes to wellbeing and happiness, there really is no place like home.

Barbara Lawlor is CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing and sales of new home and condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. baker-re.com

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nexthome.ca 27

ADVICE | WESTERN VIEW

MUNICIPAL OFFICIAL PLANS

NEED TO BE BOLD MIKE COLLINS-WILLIAMS

The provincial planning approvals system is in a state of disarray, following an announcement that the Ontario government would reverse changes made to a dozen municipal Official Plans. The provincial government has indicated that it wants to rebuild public trust in the provincial planning process. The West End Home Builders’ Association (WEHBA) supports a transparent land development process that provides certainty to municipalities, communities and the development industry. While the province takes the steps to achieve this, we urge all levels of government to not abandon efforts to address the housing crisis and take action to significantly increase housing supply.

Across southern Ontario, we are witnessing the impact the housing shortage has on people and communities. Young families are getting priced out and leaving larger cities for more affordable communities farther and farther away. There is a broad consensus that over the next ten years we will need to build at least 1.5 million more homes across Ontario to keep up with our growing population. That is a very big number. For perspective, we would need to double the current rate of construction to accommodate growth.

The original modifications made to a dozen municipal Official Plans by the provincial government were intended to uphold the 28 condolife magazine |

Dec. 30, 2023–Feb. 10, 2024

province’s own objective to increase housing supply, choice and achieve balanced growth. While some of the modifications may have been politically unpopular, they are absolutely necessary to accommodate population growth.

The reality is that the changes needed to fix the housing crisis will be disruptive if they are to be transformative.

The Greater Golden Horseshoe is the fastest growing region in North America. Many municipal Official Plans were built on population forecasts generated prior to the federal government nearly doubling our annual population growth.

Since those Official Plans were initially approved, many Ontario municipalities signed a Housing Pledge that reflects actual population growth and commits their support to significantly increasing housing construction. We need to provide residents with access to a variety of housing options that meet their needs.

Government, industry and the public must continue to support getting more “shovels in the ground” as urgently as possible. Municipal councils have a fresh opportunity to carefully review the provincial modifications and adopt key changes to provide enough homes for our growing population. Southern Ontario offers a vibrant and welcoming environment, and this is our opportunity to build a better future for everyone who lives here, and everyone who chooses to live here in future. It will require bold thinking and urgent action, but if we work together, we’ll make that future a reality, one home at a time.

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

+MORE CONTENT ONLINE nexthome.ca

ADVICE | HOME REALTY

HOUSING PREDICTIONS FOR 2024

the first and last months’ rent when signing a lease.

DEBBIE COSIC A housing correction is taking place, and 2024 is sure to be a pivotal marker in what will become an even-stronger real estate market moving forward.

The demand is only going to intensify with increased immigration, which also includes foreign students who may choose to live here once they’ve graduated. We ultimately benefit, but where is everyone going to live?

As of October 2023, the year-todate completion of new highrise homes was 18,808 units, according to a report by The Altus Greater Toronto Area High Rise Projects. This number is expected to drop due to the lack of sales volume in the last two years.

Pre-construction sales, alone, have dropped by 70 per cent, which directly correlates with the amount of new housing scheduled to be built.

While there’s been a government push to increase rental housing, the rents are out of reach for so many, leaving individuals and families in a serious predicament when trying to come up with a living alternative.

Those who are able to are offering to pay months in advance in order to stay competitive, rather than the conventional requirement of paying

PAY ATTENTION TO THE NUMBERS

Savvy real estate investors tend to purchase real estate when the market is down. Playing the interest rate fluctuation game can be a bit of a gamble, but if you catch rates on the downswing, chances are you’ll be able to lock into a 10-year average on your mortgage at approximately four per cent.

We took a look at a detached home in Mississauga. The two scenarios will provide you with a better appreciation for how interest rates and price, are affected on this property.

Amortized over 30 years with a 20-per-cent down payment, this house was originally listed for $1.5 million before the interest rate increase. Paying full price, monthly mortgage payments for a five-year term at seven per cent would have been $7,903, at five per cent $6,404, and at four per cent $5,706.

After the interest rate increase, this home sold for $1.1 million. Again, with a 20-per-cent down payment, amortized over 30 years, monthly mortgage payments for a five-year fixed interest rate at seven per cent would be $5,796, at five per cent $4,696, and at four per cent $4,185.

As interest rates begin to decline, housing prices are expected to climb.

COMMON SENSE SOLUTIONS

There are practical and impactful steps that the government should take to help people through the current interest rate predicament.

Number one is to increase the amortization period to 40 years, so that homeowners can better afford to carry the costs for their home. While some may say that this a short-term solution, the reality is that mortgage

payments have tripled in the last two years, and this step helps to protect people from losing their home.

Next, the government needs to escalate rezoning policies, so that those white-elephant homes in subdivisions can be repurposed to better service a larger population.

Currently, Mississauga is tabling legislation to allow for a fourth dwelling on one property. Not only are these mega mansions unaffordable, but no wants to maintain them. Quality of life is far more important than the vastness of a floorplan. Any dwelling more than 4,000 sq. ft., that was built between 1980 and 2000, could be subdivided into duplexes or triplexes and the government should incentivize owners to convert their homes; whether it be adding a basement apartment or subdividing the home into a duplex, triplex or other design.

And, one of my personal favourites, is to repurpose empty office spaces.

Since the pandemic, our work/ life balance has changed. Vacant buildings are sitting on some of the hottest real estate in the city, and ought to be converted into condos or rental units.

We’re only limited by our imagination, and there are so many proactive opportunities. This year, 2024, is the time for a new outlook on life – and on housing.

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

+MORE CONTENT ONLINE nexthome.ca

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ADVICE | TRREB REPORT

TACKLING TORONTO’S HOUSING AFFORDABILITY CRISIS

WITH REAL SOLUTIONS

by PAUL BARON AND JOHN DIMICHELE

In the face of Toronto’s growing housing affordability crisis, families are depending on evlected leaders focused on policy solutions that work. For City Council, that means shifting away from tinkering with housing taxes, which are not a sustainable revenue option, and instead must focus on boosting housing supply, improving 30 condolife magazine |

Dec. 30, 2023–Feb. 10, 2024

affordability and making it easier to afford a home in the city.

MORE HELP FOR FIRSTTIME HOMEBUYERS

Since 2017, governments in Canada have been introducing measures on housing to curb demand. In Toronto, Council tripled the home vacancy tax and increased the Toronto Municipal

Land Transfer Tax (MLTT) for homes priced at $3 million or more.

Fees such as the MLTT should not be relied upon as a major source of revenue for the City. Raising property taxes as a form of revenue can be justified, and the Toronto Regional Real Estate Board (TRREB) supports the city’s decision to develop a multi-year approach when

“

BUILDING MORE HOMES

Ambitious policy change is necessary to allow the conditions for cities to reach the housing supply targets required to restore housing affordability.

”

recommending rates. Toronto needs to bring property taxes more in line with surrounding GTA municipalities.

City staff is reviewing the feasibility of an increase to the land transfer tax (LTT) for buyers of residential resale property where the purchaser owns more than one property. Smallscale property owners have been responsible for bringing rental units onto the market in the last couple of decades. The additional LTT on these properties will deter those purchases or simply lead to higher rents, worsening the unaffordability crisis in the rental market.

Toronto must do more to make housing affordable for those looking to call our city home. Given the current year-to-date average price of $1.2 million for all housing types and $750,000 for condos in Toronto, the effectiveness of the MLTT rebate for first-time homebuyers, which exempted them up to a $400,000 home, has become insufficient. Most first-time buyers pay the upfront MLTT of $20,000 on the average priced home. TRREB is calling on the City to increase the current MLTT rebate threshold from $400,000 to $750,000 to match the average price of a condo in the city.

Toronto and surrounding municipalities should focus on supporting increasing density around transit stations and building more “missing middle” housing.

The Expanding Housing Options in Neighbourhoods (EHON) initiative is one such opportunity to prove Council has the willingness to change existing policy tools, like showing greater ambition on “as of right” zoning on mid-sized apartment buildings on major neighbourhood streets, to encourage more housing to be built.

The City should permit more storeys to proposed developments and have the additional units earmarked as affordable units for low and middle-income households. This will help the City meet its pledge to build 65,000 affordable rental units.

Working with innovative building solutions, such as modular and pre-fabricated homes, creates the potential to drastically reduce construction costs and time, and allow cities like Toronto to scale up housing projects in the numbers we need.

PROVINCIAL & FEDERAL COLLABORATION

Earlier this fall, TRREB Members, in partnership with the Canadian Real Estate Association, met with federal MPs to stress critical policy directions that all levels of government can work towards together. There is an opportunity for the federal government and the province of Ontario to make use of their respective infrastructure banks to invest directly in building the housing we need. They must also work through immigration and education to address the skilled labour shortage in construction.

TRREB applauds the federal government for recently removing the stress test requirements for insured mortgage renewals when borrowers switch lenders, and

we are calling on the Office of the Superintendent of Financial Institutions (OSFI) to do the same with uninsured mortgage renewals which represent the majority of mortgages in Canada. This could allow homeowners access to better terms, preserving affordability. As it stands, the system disincentivizes competition and traps borrowers at high interest rates with their current lenders.

Toronto is the largest social housing provider in Canada, yet it is facing additional pressures on its shelter system, partially due to the increased proportion of refugees and asylum seekers. About $1.1 billion of Toronto’s tax base is invested in areas of shared jurisdiction, such as housing, health and social services.

The City and the province should continue the close collaboration that the “new deal” working group has allowed and ensure the longer-term sustainability of Toronto’s finances continue to be addressed through the planned Toronto-Ontario targeted review in the coming years.

The federal government must meet the requests from the “new deal” and match the provincial funding for Toronto that are conditional on Ottawa’s support.

If Toronto can exceed its housing targets by 25 per cent, an additional $340 million has been promised to the City by the province.

Ambitious policy change is necessary to allow the conditions for cities to reach the housing supply targets required to restore housing affordability.

Paul Baron is President of the Toronto Regional Real Estate Board, and John DiMichele is CEO. trreb.ca

+MORE CONTENT ONLINE nexthome.ca

nexthome.ca 31

BUILDER PROFILE

LAND ON THE NORTH SHORE

AT THE WINNER OF ONTARIO’S BEST NEW CONDO COMMUNITY OF THE YEAR

Northshore Condos, Burlington

The results are in, and National Homes’ newest community, Northshore Condos, recognized as the winner of the best new condominium in Ontario.

This spectacular success comes in the form of the Ontario Home Builders’ Association’s esteemed 32

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Dec. 30, 2023–Feb. 10, 2024

Awards of Distinction, at which Northshore won as the coveted Mid/Highrise Project of the Year.

This Prestige Award recognizes the most exceptional new community in the province across all elements of design, quality and value, of which Northshore rises above the rest.

A new mixed-use condominium close to Burlington’s desirable waterfront, Northshore is designed to invigorate the neighbourhood in a unique way. Northshore strengthens the infrastructure of the community with its mixed use properties, easy access to transit and two GO Stations, offering a variety of suite types for all budgets. Northshore strives to connect its diverse community and offer each resident a beautiful, comfortable home to call their own.

Once complete, Northshore will provide homeowners with an enriching lifestyle through a balance of neighbourhood amenities – such as nearby education, recreation, retail, dining and more – designed to support all facets of life ranging from social and wellness to productivity and utility.

This award-winning project offers a pet wash and dog lawn to accommodate your furry friends, a playground and park keep the kids active, and a variety of indoor and outdoor social spaces to encourage residents to connect with one another. Additionally, the residents of Northshore are invited to make use of the boardroom and co-work lounge to create the perfect hybrid workplace all within the comfort of their home. Northshore is designed to accommodate the lifestyles of all future residents, offering something for everyone, from the fitness and yoga studios to the beautiful galleria and lobby, showcasing modern interior design and a living feature wall.

However, it’s the Skyview Lounge and rooftop terrace that truly crowns Northshore’s incredible amenity

spaces. Despite its name, the sky isn’t the only thing this rooftop terrace has amazing views of – overlooking the Burlington Golf & Country Club, as well as the dazzling expanse of Lake Ontario, you’ll be able to see right to the horizon. With shady pergolas, lush landscaping, fire tables, two separate outdoor kitchens and multiple lounge areas, it’s a fantastic place to relax, entertain, dine, work or celebrate.

The OHBA’s prestigious Project of the Year Award doesn’t just celebrate lifestyle, however. From layout and style to technology and sustainability, Northshore was created to reflect the highest standards across the board.

Flexible one-, two- and threebedroom suite designs not only offer something for every budget, but every lifestyle. Bright Ideas for Living, a patented program created by National Homes to bring innovative solutions for storage and space, make even the smallest suite more functional. Committed to becoming LEED (Leadership in Energy and Environmental Design) Certified on completion, Northshore has an unwavering dedication to sustainable building practices and energyefficient systems.

Ultimately, this is what makes the difference between a quality community and the best new community in the province.

Northshore is revolutionizing modern condo living in Burlington. To learn more about opportunities to own in this new award-winning new community, visit the Northshore Presentation Centre at 484 Plains Rd. E., Burlington.

Of course, Northshore isn’t the only condo that National Homes has in the works. In partnership with Brixen Developments, DUO Condos is a collection of two stunningly modern towers rising above downtown Brampton.

While it’s most notable for its uniquely eye-catching architecture, DUO is another example of excellence in lifestyle-inspired design.

In a neighbourhood chosen for its superior walkability, transit-friendly infrastructure, future LRT and well-

DUO Condos, Skyview Party Room

designed growth plan, DUO will introduce a ground-level mixed-use organic gathering space inspired by the European piazza where people will be able to pick up coffee, mingle and enjoy community at its most natural.

This fall, DUO Condos has introduced another new release of studio, one-, and two-bedroom suites on top of two exciting new collections – penthouse suites and modern townhomes.

These striking penthouse suites offer an elevated lifestyle within this bold new community, complete with curved corner balconies showcasing breathtaking views of the city and the highest calibre of style and quality.

The townhomes, on the other hand, are a whole new way to DUO. Located adjacent to the distinctive towers, these modern towns offer an unique opportunity for ground-level living with all the benefits of a condo community packed with incredible amenities. Private entrances, terraces and balconies, two spacious bedrooms and the endless experiences that await within DUO itself. It’s the perfect combination of traditional townhome living and a modern condo lifestyle.

To learn more about this unique new release, visit duocondos.ca or check out the Presentation Centre at 245 Steeles Ave. W., Brampton.

Though it might seem hard to believe after the spectacular success of both Northshore and DUO, National Homes has been wellknown for its lowrise communities for 50 years, with a prolific portfolio of thousands of happy homeowners.

In its commitment to creating communities best suited to modern

homebuyers, the company has ascended to the world of highrise, but National hasn’t forgotten its roots. In the coming months, two of its newest communities of beautiful townhomes are expecting brand new releases.

Whitehorn Woods, an awardwinning collection of traditional freehold townhomes in Mississauga, is growing with a new collection of traditional townhomes by the Credit River. It’s perfectly placed between woodland trails and walkable amenities, with schools, parks and shops around every corner. But the best part is the homes themselves, where spacious designs and modern style meet the convenience of private garages and backyards.

Back in Burlington, Tyandaga Heights is now selling freehold traditional two-storey towns in a private enclave. Within a coveted uptown neighbourhood close to the waterfront, culture and convenience are found in equal measure. These stylish townhomes offer the prestige of extra-deep ravine lots, flexible designs and a new park at the centre of the community itself.

There are many things that set National Homes apart when it comes to excellence in homebuilding, but it always comes down to you.

Through deep research, focus groups and surveys, National Homes builds communities where You Are The Blueprint, coming as close to perfection as is achievable. And that’s why National’s communities consistently win awards at a municipal, provincial and national level.

Learn more at nationalhomes.com and duocondos.com. nexthome.ca 33

INSPIRATION |

decor

GET COOKING IN STYLE… THE FACE OF YOUR KITCHEN IN 2024

by LINDA MAZUR Gone are the days when kitchens were intended only for meal preparation. Today’s kitchens have taking on a new role, becoming an extension of your living and entertaining spaces. The trends emerging for 2024 are not just aimed at giving your kitchen a personality, but also to create a stress-free and inviting space in which to entertain, socialize or just catch up with family at the end of the day… it’s where life happens.

White and neutral kitchens are always popular, however, this year 34 condolife magazine |

Dec. 30, 2023–Feb. 10, 2024

we will be seeing colour like never before. Soft, calm and relaxing tones to bold and richly saturated colours with a big focus on shades of green.

We will see the white kitchens not just merge with colour but be transformed by colour. Whether its cabinetry, accessories, faucets, tile or lighting, we will be seeing colour everywhere. Wood accents in the kitchen remain strong this year, and warm natural wood tones will definitely find their way into your kitchen. If you’re not planning a big kitchen renovation this year, then

look to add this warm and inviting trend into your space with some accessories. Wonderful woods with great texture and graining will definitely complement any space or style.

Texture is on trend in kitchen design this year – whether it’s tiles, counter material, fabrics, metals or wood – it’s sure to add style and definition to your kitchen. Metallic trends this year are all about all things gold! As we are looking forward to a warmer aesthetic in our kitchens in 2024, gold will be the popular choice for hardware, lighting, accessories, faucets and even sinks.

Unique, decorative range hoods will be making a big statement in kitchens this year. Whether you’re looking to incorporate a metallic finish, wood accents, tile or even a faux finish with paint, the range hoods of 2024 will not just be functional, but also be creating a focal point in your space with their artistic flare.

We are seeing distinctive coffee or beverage centres continuing forward and being elevated to include undercounter and built-in appliances, well laid out storage, glass features and small details to create a designated space. These are not areas solely for your coffee-maker and tea kettle, but spaces that easily adapt for entertaining as well.

One of the biggest trends you will see moving forward this year will kitchens designed with a stress-free approach. Everything has its place, its organized and functions well for everyday use as well as entertaining.

Counters are clutter free, the layout is uncomplicated, cabinetry space is maximized and well organized, lots of pantry space is incorporated in to the designs, and finishes and surfaces are easy to clean.

The kitchen of 2024 is about colour, minimalism, de-cluttering, warmth, easy upkeep and versatility for both everyday living and entertaining. It’s about giving your kitchen a personality and uniqueness while giving yourself a comfortable, inviting and carefree space to live in.

Linda Mazur is an award-winning, nationally publicized designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds within Toronto, the GTA and throughout Canada. lindamazurdesign.com @LindaMazurGroup nexthome.ca 35

10

INSPIRATION |

HACKS TO HELP YOUR HOUSEPLANTS THRIVE THIS WINTER

by LISA ROGERS

The “plant parent” movement bloomed during the pandemic, with so many of us filling our homes with new plants and greenery to spruce up our space and make staying at home feel more fulfilling.

But come wintertime, all of those plants we lovingly nurtured during the summer growing season can take a bit of a turn – think browning and shedding leaves – with reduced sunlight and dry air from indoor heating. Winter isn’t a time when your plants will thrive, but they can survive and last through this dormant period with the proper care and attention.

Plant pros have plenty of simple steps you can action to keep your greenery healthy in the winter, and here are some of my fail-proof favourites below, plus a shopping list on the best winter houseplants: THINK ABOUT A NEW PLACEMENT

Look for spots in your home that still get the most sunlight, but avoid 36

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Dec. 30, 2023–Feb. 10, 2024

putting plants too close to drafty windows or radiators. Grouping plants together is also a great way to regulate moisture, because plants release vapour into the air, so gathering them together can create a cluster of humidity between them.

DON’T REPOT OR FERTILIZE

Your plants won’t have the energy at this point to process fertilizer, and you’re going to have a buildup of salt and that material in the root system that could potentially damage the plant. Instead of following your spring/summer watering schedule, look for signs of thirst, such as curling or drooping leaves, since your plants won’t be consuming the same rate of water.

MIST

Outdoor plants experience fog, rain and mist. Indoors? The air is dry from your heating system. Give them a little spritz from a mister every few days to keep houseplants happy.

DUST THEM

Yes, this is true. It’s essential to keep your plants clean because when they get dusty, they can’t breathe. It plugs their leaves, which have tiny pores called stomata. If you cover a leaf surface with dirt, it won’t get the full effect of photosynthesis sunlight.

ROTATE THEM OFTEN

ALOE VERA

Your houseplants like light all over, so don’t forget to rotate them. An easy tip: Turn your pots a quarter of a degree every time you water them, so you don’t forget.

This large succulent is a common houseplant and remedy for soothing burns or itching. If given ample light throughout the year, aloes flower profusely in winter. They need welldrained, coarse soil and bright light.

SNAKE-PLANT LAURENTII

Ask any plant expert, and they often say the snake plant is “indestructible,” and it’s usually one of the most recommended low-maintenance winter plants out there. They’re ideal for beginners, and they can even survive in windowless rooms.

Because it naturally grows in dry climates, it’s remarkably droughttolerant, so it won’t be bothered by too much dry heat.

rain a lot, and there isn’t a lot of humidity either, so they’re not going to mind the cold weather. That said, if you can, place them near a window (even if it’s drafty) because they tend to require a good amount of sunlight.

MOTH ORCHID

HAWORTHIA

Succulents and cacti are very well known to be some of the most lowmaintenance plants, so these are particularly great for winter. They’re found in the desert, where it doesn’t

These are probably the most recognizable orchids out there, with no shortage of these sold year-round.

Give them filtered light and average soil moisture, and they will bloom for months with little more maintenance.

POTHOS

I love the look of this one because of how it trails down the pot, and it, too doesn’t require a lot of direct sunlight. It’s a very sturdy plant, and it can handle a variety of different light levels.

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 37

2024

INSPIRATION |

at home

PAINT TRENDS

by SARA DUCK

From illuminating yellows to confident darker hues, we explore what’s in store for 2024

P

Illumina by BeautiTone

aint is more than just colour spread on the walls; it’s a reflection of your home’s character. The right hues can infuse your living spaces with a unique personality, setting the tone for your decor style. Whether you’re seeking optimism, sophistication or a touch of adventure, the paint colours you choose can elevate your home, accurately representing your individuality.

For 2024, the top paint trends are a real case study in contrasts!

From optimistic yellow to subtle, neutral tones and bolder, confident hues, the message for the new year is that the decor world is yours for the taking. There is something for everyone to suit every mood in this ever-changing world. So, you do you and enjoy how colour enhances your interiors.

38 condolife magazine |

Dec. 30, 2023–Feb. 10, 2024

A SOFT YELLOW WITH HINTS OF RED – A NOSTALGIC BURST OF CHEER Illumina, derived from the Latin word for illuminate, represents the promise of 2024.

Kristen Gear, lead design and colour specialist at BeautiTone paint and home products, notes that this captivating shade, “embraces a sense of careful optimism for the future.” While yellow is typically bold, it takes on a quieter, sophisticated tone in the 2024 colour of the year. It offers a joyful sophistication, creating a welcoming escape from life’s demands.

Blue Nova by Benjamin Moore

AN INTRIGUING BLEND OF BLUE AND VIOLET – AN INVITATION TO ADVENTURE Inspired by the brilliance of a new star in the cosmos, Blue Nova CC-860 takes us on a journey to explore the unknown. “This is an alluring mid-tone that balances depth and intrigue with classic appeal and reassurance,” explains Andrea Magno, colour marketing and development director at Benjamin Moore. Blue Nova CC860 offers captivating hues reminiscent of the night sky, making a distinct impact within your home.

Limitless by Dulux

A FRESH, ENERGIZING YELLOW-BEIGE – A VERSATILE COMPLEMENT TO ANY SPACE Dulux selects Limitless DLX1091-3 as its 2024 colour of the year. “The resurgence of optimistic colours will take us into a new era of home design closely aligned with a cultural focus on well-being, finding calm in a chaotic world and breaking free from convention,” says Mitsu Dhawan, PPG brand manager of Dulux paint. Limitless is warm, modern and invigorating, yet subtle enough to be used on any scale or surface, including interiors and exteriors.

Satin by SICO

Cracked Pepper by Behr

Satin 6112-31, Sico’s 2024 colour of the year, is a hue that captures a future filled with creativity and transformation.

“As a society, we’re carrying the lessons of introspection and the importance of calm into the future, coupled with a renewed sense of excitement for the endless possibilities of the future,” says Martin Fuchs, PPG senior marketing manager of Sico paint. Satin is a versatile honey-beige, ideal as a stand-alone colour or a striking accent in any design palette. Use it to envelop your space with warmth, or let it shine as a vibrant focal point.

The bold colour Cracked Pepper invites you to awaken your senses in the new year. “As we look into 2024, creating a sense of comfort and belonging will continue to drive design decisions—but now, as life returns to its more familiar rhythms, it’s time to allow our senses to come alive,” says Erika Woelfel, vice-president of colour and creative services at Behr. “From heightening the aromas of a dining room to feeling the softness of a living area, Cracked Pepper enhances the natural expression in any space.”

A MODERN, BALANCED YELLOW SYMBOLIZING OPTIMISM AND CHANGE

A TIMELESS AND CONFIDENT MODERN BLACK

nexthome.ca 39

by SARA DUCK • photos BRUNO BELLI

I

e r u t na

style file

Elements of INSPIRATION |

A feng shui kitchen design that embodies holistic harmony In the world of interior design, the creation of a genuinely extraordinary space relies on the effortless fusion of aesthetics and practicality. The kitchen, which is the heart of any home, holds a special place, often embracing the multiple roles of entertaining, culinary excellence, and refined living. In this latest kitchen project from Sansa Interiors, designer Jude Kamal and her team drew inspiration from nature and its elements to create a luxuriously organic space.

40

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Dec. 30, 2023–Feb. 10, 2024

Harmonious design Feng shui philosophy played a key role in achieving harmony within the kitchen. The cooktop and hood were positioned to create a balanced energy flow. The holistic approach is evident in the selection of materials, which represent the five elements of feng shui – earth, wood, fire, water and metal. The natural stone represents earth; wood cabinets and white and onyx cabinets with a wood core for wood; the Pitt Cooking unit embodies fire; the sink and faucet for water; and the hardware, fixtures and

appliance handles for the metal element.

Inspired by nature “The driving force behind this innovative kitchen was to create something unique and compelling,” explains Kamal. Inspiration came from the shapes and colours found in nature to infuse the space with an organic elegance. The central focal point, the island, captures the essence of a polished and luxurious block of stone. “The island’s design was no small feat, requiring meticulous

The island’s design was no small feat, requiring meticulous attention to detail in curving the edges to

perfection.

attention to detail in curving the edges to perfection,” says Kamal.

The exquisite piece provides a gathering point and an entertainment hub equipped with Zip Water for instant hot water, sparkling water, and cold filtered drinking water.

Luxurious material palette The primary materials that contribute to this kitchen’s luxe look are natural

stone, a combination of Nuit Violette granite for the island and Calacatta Monet marble for counters and backsplashes. This unexpected pairing of stone varieties defies convention, delivering a breathtaking “wow” factor that proves a bold palette can be unique and inviting.

Cooking + entertaining “The kitchen design meticulously caters to both cooking enthusiasts and those who revel in hosting guests,” says Kamal. PITT gas burners integrated into the countertop enable multi-tasking when cooking, providing ample space for pots and pans and easy maintenance. The strategic

positioning of the freezer and fridge side-by-side, concealed for a minimalist look, offers substantial storage for food and sauces, an ideal setup for preparing for large gatherings.

The dishwasher, garbage and recycling stations are cleverly situated between the sink and cooktop, facilitating efficient meal preparation, disposal and clean-up. This wellplanned layout keeps the kitchen’s workflow seamless.

A gourmand’s delight The outcome is a kitchen that elevates the ordinary, intertwining nature, luxury and functionality to create a culinary space that is truly unique.

Design by Sansa Interiors Inc.

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

nexthome.ca 41

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CULLEN’S

ACKMAN F O U N D A T I O N

CONDO PROFILES

Duo

Brampton

developer: NATIONAL DEVELOPMENTS AND

BRIXEN DEVELOPMENTS INC.

style: Highrise size: 26 storeys features: • Studio, 1 bed, 1 bed + den, 2 bed, 2 bed + den • Lobby, Gym, Co-Working Space • Kids Playroom, Party Room, Private Dining Room With Catering Kitchen • Rooftop with BBQ’s, Flex Lawn, Dining and Lounge Areas register at: duocondos.ca location: Steeles Ave. W and Malta Ave. just west of Hurontario First Release is Sold Out. Register for New Release.

The Villages of Oakpark

Oakville

developer: BALLANTRY HOMES project name: The Villages of Oakpark style: Highrise size: 500 to 1506 sq.ft. features: • Easy access to the QEW, Highways 403 and 407, and the Oakville GO Station.

• Select from luxurious 1, 2 and 2-bedroom+den suites.

• Rich amenities include gym, party room, rooftop terrace, lounge, co-work space, 24/7 concierge.

• Geothermal and Ballantry Connect Smart Package contact: ballantryhomes.com location: 90 Oak Park Blvd, Oakville

Central Park

North York

developer: AMEXON DEVELOPMENT CORPORATION style: Highrise – 12-acre, master-planned community size: 436 - 1,200 sq. ft. prices from: from the $700,000s features: • 1 Bed, 1 Bed+Den, 2 Bed, 2 Bed+Den, 3 Bed+Den • Spacious layouts, terraces/balconies • Located in the Bayview Village neighbourhood • Leslie subway station and GO Transit at your door • Direct access to the East Don Parkland ravine • Central Park Common – a three-acre urban park offering year-round, outdoor event programming • 55,000 sq. ft. of resort-style amenities including coworking space, skating rink, indoor and outdoor saltwater pools, privately operated childrens’ daycare, EV charging stations in all parking areas contact: centralparktoronto.com • (416) 252-3000 location: 1200 Sheppard Avenue East

2151 Kingston Road

Toronto

developer: ALTREE DEVELOPMENTS style: Modern Boutique Mid-Rise Building, 10 Storeys, 156 Units features: • Located in Cliffside Village – minutes from the Scarborough Bluffs. Surrounded by nature and urban conveniences.

• Unobstructed views of Lake Ontario with cascading terraces. contact: KingsideResidences.com location: 2151 Kingston Road nexthome.ca 43

HOT PROPERTIES | GTA

FIND YOUR NEXT HOME The latest properties in the Greater Toronto Area to keep your eye on BRAMPTON

MISSISSAUGA

1. Bristol place

12. Birch at Lakeview 199 Main St, North, Brampton Village Lakeshore & Dixie Rd. 2. Duo condos branthaven.com

Malta ave & Steeles Ave

13. Artform Condos

CALEDON 3. Mayfield Collection 2256 Mayfield Road.

Mayfieldcollection.ca

86 Dundas St. E. emblemdevcorp.com

14. Exhale Condominiums

ETOBICOKE

21. 500 Dupont St. 500 Dupont St. lifetimedevelopments.com

22. Artistry Condos

44

292 Dundas St. W. tributeartistrycondos.ca

23. Panda Condos Yonge & Dundas. lifetimedevelopments.com

3

24. 36 Eglinton Ave. W.

Lakeshore Rd. East & Dixie Rd. 36 Eglinton Ave. W. lifetimedevelopments.com exhalelakeshore.ca

4. Curio Condos 801 The Queensway marlinspring.com

NORTH YORK

5. Humberwood Heights

Sheppard Ave. East & Leslie St. amexon.com

15. Central Park

50 Humberwood Blvd. tributecommunities.com

6. Arcadia District

PICKERING 16. Vupoint

Bloor & Kipling arcadiadistrict.com

Kingston Rd. & Liverpool Rd. tributecommunities.com

MARKHAM/ UNIONVILLE 7. Panda Markham

Danforth & Main tributecommunicties.com

OSHAWA

28. No. 1 Yorkville

17. U.C. Tower

1 Yorkville Ave. pureplaza.com

20 Fred Varley tributecommunities.com

18. 111 River St. Condos pureplaza.com 111 River St. lifetimedevelopments.com

11. Highmount

lawrencehillurbantowns. com

20. 489 Wellington St. W.

4

29. Theatre District Residences

13 1

Adelaide & Widmer

14 12

30. Bijou on Bloor 2450 Bloor St. West

489 Wellington St. W. lifetimedevelopments.com

368 Briar Hill Ave. pureplaza.com

32. One Seventy Spadina & Queen St. West pureplaza.com

33. King West & Charlotte King St. West & Charlotte pureplaza.com

34. Forest Hill Private Residences 2 Forest Hill Rd. foresthillresidences.com

condolife magazine |

Dec. 30, 2023–Feb. 10, 2024

29

6

19. Lawrence Hill Urban pureplaza.com Towns 31. The Briar on Avenue Don Mills & Lawrence

4077 Hwy. 7 highmountbykingdom.com

44

21

50 Wellesley St. East pureplaza.com

TORONTO

162 Enterprise Blvd. downtownmarkham.ca

2

Brampton

27. 50 at Wellesley Station

8. Varley Condo Residences

10. Gallery Towers at Downtown Markahm

1

2161 Yonge St. tributecommunities.com

2425 Simcoe St N,Oshawa tributecommunities.com

Donald Cousens Pkwy & Ninth Line flatogroup.com

31

26. Y&S Condos

8200 Warden Ave. lifetimedevelopments.com

9. Canvas on the Rouge

5

25. Linx Condominiums

35. Oscar Residences 500 Dupont St. W. at Bathurst oscarresidences.com

37. Allure Condominiums 250 King St. East

36. Kingside Residences emblemdevcorp.com Kingston Rd. & Danforth 38. XO Condos altreedevelopments.com

King & Dufferin lifetimedevelopments.com

17

9

8 7

41

11 14

10 16

15

19 36

35

43

24 26

42 25

32 28 22

23 39 34 40 27 37 18 38 33

30 29

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20

39. 225 Jarvis Street Condos

41. The Residences of Central Park

Dundas St. East & Jarvis amexon.com

Sheppard Ave. East & Leslie centralparktoronto.com

40. 316 Junction Condos

42. The Dawes at Main Street

Campbell & Dupont 316condos.com

Danforth & Main St. thedawes.com

43. Birchaus Birchcliffe Village on Kingston Road birchausresidences.com

VAUGHAN 44. Park Avenue Place 1&2 Jane St. & Rutherford Rd. solmar.ca

+

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

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HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

Guelph

FIND YOUR NEXT HOME

2

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

OAKVILLE

1. Affinity Condos

9. The Greenwich Condos at Oakvillage

Plains Rd. E. & Filmandale Rd. rosehavenhomes.com

2. Millcroft Towns Appleby Line & Taywood Dr. branthavenmillcroft.com

3. North Shore North Shore Blvd. & Plains Rd. nationalhomes.com

FORT ERIE 4. Discoverie Condos Signature Communities discoveriecondos.ca

Trafalgar Rd. & Dundas branthaven.com

10. Synergy McCraney St. E. & Sixth Line branthaven.com

11. Upper West Side at Oakvillage 351 Dundas St. E. upperwestsidecondos2.ca

12. Greenwich Condos at Oakvilage Trafalgar Rd. & Dundas St. branthaven.com

13. Villages of Oakpark

HAMILTON 5. 1 Jarvis

Dundas & Trafalgar ballantryhomes.com

1 Jarvis 1jarvis.com

STONEY CREEK

6. The Design District 41 Wilson Street emblemdevcorp.com

14. Casa Di Torre 980 Queenston Rd. branthaven.com

15. On The Ridge

7. Corktown

Lormont Blvd. & Chaumont Drive liveontheridge.ca

225 John Street South corktown.condos

NIAGARA REGION 8. Lusso Urban Towns Martindale Rd. & Grapeview Dr. lucchettahomes.com

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Dec. 30, 2023–Feb. 10, 2024

Brantford

CARTOGRAPHY: MARKETMAPS.COM

Mississauga

13

Milton

9

11 12

10

Oakville

Burlington 1 3

Hamilton 6 7

5

14

15 8

St Catharines

Niagara Falls

Welland

4

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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

CARTOGRAPHY: MARKETMAPS.COM

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Legend: HR = High Rise CTH = City Home MR = Mid Rise LO = Loft LR = Low Rise LW= Live Work PH = Penthouse RH = Row Home TH = Townhouse

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LOCATION

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TYPE

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CONTACT

Barrie .....................................Elements ..........................................................MR ...........................723 Mapleview Dr. East ...................................................................... pratt.ca Barrie .....................................Bistro 6 .............................................................MR ...........................Yonge St. & Mapleview Dr...................................................bistro6barrie.ca

condolife magazine |

Dec. 30, 2023–Feb. 10, 2024

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.

ADVICE | INDUSTRY REPORT

PREPARATION, COMMUNICATION ARE KEYS TO LIVING

WITH A RENOVATION

DAVE WILKES

Renovation projects often come with temporary disruptions to the homeowners’ space and routines.

Some homeowners choose to live elsewhere during their renovations, but if you are like most people, you cannot easily vacate your home and must find ways to live alongside the work. Fortunately, there are ways to prepare, and communicating with your renovator is a big part of the process.

Work with your renovator to draw up a project plan that best accommodates your family’s needs. I encourage you to choose a RenoMark renovator. Visit renomark. ca to find one near you. RenoMark renovators are required to abide by the RenoMark Code of Conduct and provide a detailed written contract, offer a minimum one-year warranty on all work and carry a minimum of $2 million in liability insurance.

Talk to your renovator about your household’s daily schedule, any vacations that you have planned and any special circumstances that need to be accommodated, so that they can be factored into the work plan and schedule for your project.

That way, particularly disruptive or messy parts of the project, such as refinishing hardwood floors, can be arranged for when you are away or otherwise accommodated around your family’s schedule.

Make sure you discuss which parts of your house will be affected by your renovation project. Depending 50

condolife magazine |

Dec. 30, 2023–Feb. 10, 2024

on factors such as plumbing and wiring, your renovator and work crews may need access to more than just the immediate area being renovated. Clean out the areas that will be affected by the renovation and consider temporarily removing valuables, such as art, from other parts of your home that could be impacted by vibration or dust.

Depending on the scale of your project, you might want to rent storage space nearby or bring in a portable storage container. If you are storing things in boxes, be sure to label the boxes with an inventory so you can find things easily.

Make a plan for how you will live in your home while it is under construction. For example, if your kitchen is being renovated, figure out where your temporary “kitchen” will be and what you need to make it work for your family. Plan and stock up on meals that can be easily prepared in your temporary kitchen.

Look at how you might be able to utilize your small appliances and your barbecue to fill in for your oven. You will likely be without running water in your short-term kitchen, so make sure you consider how you will clean up after meals.

Living in your home while it’s being renovated will have its challenging moments, but careful preparation and clear communication with your RenoMark renovator will set you up for success.

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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