GTA New Condo Guide - 26 Jan.,2013

Jan 26 - Feb 9, 2013 Volume 17 Issue 02

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EDITOR’S NOTE

BUY TO SUIT YOUR LIFESTYLE

SUSAN LEGGE

EDITOR-IN-CHIEF

Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on facebook search: Condo Guide

Whether you’re considering a home near the beach, a city penthouse or pied-à-terre, you’re likely looking to compensate for what you don’t have in your current residence.

The amount of living space is usually the issue – either too much or too little. Most young families are looking for more living space, which is why builders are designing home with interiors that maximize every square foot of living space to make the most of your money.

As we get older, the quest for living space may take a different direction. Downsizing is usually the answer, although many homeowners with existing homes in suburban or rural areas are

acquiring townhomes or pied-àterres in the city. An urban location gives owners and their friends a chance to enjoy the social and cultural activities of the city without having to drive for hours to get home.

In today’s hectic world, your new home will be your retreat, so it’s important to find is to find a home or condo that suits your needs and lifestyle. In this issue of New Condo Guide, we profile several new communities that offer the perfect place to put up your feet, plus the latest industry news and features about buying and owning a new condominium. Enjoy!

2013: A CHOICE TIME TO BUY

JANINE DRUERY

EDITOR

Wall2Wall Media Janine.Druery@wall2wallmedia.com Follow me on Twitter at Twitter.com/JanineDruery

Our nation is growing taller.

According to a new research study by the Council on Tall Buildings and Urban Habitat, Canada is in the midst of a tall building boom, with 26 buildings taller than 150 metres built in Canada since 2005 (see story on page 28).

The epicentre of this development is Toronto, where 15 buildings taller than 150 metres are under construction, more than any other city in the western hemisphere. But Toronto is not alone, and by the end of 2015 the number of buildings of this stature in Canada is expected to jump to 74, up from 26 in 1995.

What is remarkable, from my point of view, is that most of these buildings currently under

construction are entirely or partially residential – a shift from the past when most were offices or hotels.

Of course, it’s not just the super tall under construction. There are condo projects of a smaller scale popping up all over the place.

Actually, there are currently 232 highrise projects under construction in the GTA (with a total of 60,269 units), according to stats from BILD and RealNet Canada Inc. This all means that if you in the market for a condo in 2013 it’s an extraordinary time to be shopping around. With an enormous array of developments on offer, you’ll have more choice than ever before. In fact, choosing just might be your biggest problem.

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new condo guide

contributors

Vice-President, Wall2Wall Media

Jacqueline Hill Sales Manager

Conni Robinson Associate Publisher, SWO New Homes & Lifestyle Communities

Susan Maxwell Editor-in-Chief, National Real Estate

Susan Legge Art Director

Sarah Jang Editor

Janine Druery Lydia McNutt (on leave) Contributing Editors

BILD Report

Legally Speaking

style file

Bryan Tuckey

Jayson Schwarz

Yanic Simard

Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/ bildgta), Youtube (youtube.com/bildgta) and BILD’s official online blog (bildblogs.ca).

Jayson Schwarz LL.M is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit the website at schwarzlaw.ca or email info@schwarzlaw.ca.

Yanic Simard is New Condo Guide’s design editor and the principal designer of the Toronto Interior Design Group, specializing in residential and commercial projects. Simard has created designs for clients in Toronto, Montreal and Miami, and appears as a regular guest expert on Citytv’s CityLine.

Visit tidg.ca

Wayne Karl, Elisa Krovblit, Silvana Longo, Sara Duck (on leave) Design Editor

Yanic Simard Senior Account Executive

Dionne Fraser

dionne.fraser@wall2wallmedia.com

Senior Account Executive

Nina Downs

nina.downs@wall2wallmedia.com

Sales & Marketing Co-Ordinator

Terry Bassett Administrative Assistant

Antoinette Jackson Production Manager

Bala Gnanapandithan Production Co-Ordinator

Sandra Hanak-Vujnovic Graphic Designers

Caroline Wassef Sandra Hanak-Vujnovic National Account Manager, Mediative

Paul Slizys on the move

CONDO SENSE

Ben Myers

Barbara Lawlor

Dan Hopkins is chief operating officer at Two Men and a Truck Canada.

For more information visit twomenandatruck.ca

Ben Myers is editor and executive vice-president of Urbanation, a market research firm tracking the new, resale and future condo market since 1981.

Urbanation’s Condominium Market Survey is the industry’s bible for sales and pricing information, as well as analysis that puts all the pieces together.

Barbara Lawlor is president of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condominium developments in the GTA and overseas.

Dan Hopkins

Condo pro

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Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com.

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table of contents

January 26 to February 9, 2013 volume 17 issue 02

20

NY2 CONDOS Daniels’ exciting sequel to NY Place is coming this summer

56

columns, news & features 002 Editor’s note Columnists

016 bild report Why are there so many condos under construction? by bryan tuckey

017 fundamentally speaking Do your homework when shopping for a mortgage by wayne karl

024 taxing issues Capital expenditures and deductible expenses by henry choo chong

033 Money matters Gail’s 12 steps to getting financially organized by gail vaz-oxlade

012-013 GTA condo contents-jan 26-JD.indd 12

040 legally speaking How to choose a qualified real estate lawyer

068 saving space Creative ways to “edit” stuff in a small space

046 Condo pro Why condos are a favourite choice for many women

076 mortgage minute Why real estate investing still makes sense

by jayson schwarz

by barbara lawlor

052 mortgage finesse Is paying off your mortgage bad for your net? by calum ross

054 condo sense What’s in store for the condo market in 2013? by ben myers

056 style file A look at the hottest design trends for 2013 by yanic simard

by sylvia daoust

by peter kinch

110 scrumpdillyicious Cheddar, Scallion and Chive Biscuits are great with some hot soup on a cold winter day

by Leslie styles

In The News

086 Make Your Move The top 10 tips for moving with dogs

018 your money BMO says Canadians should put their “financial houses” in order

104 Quick Tips Start the new year off by freeing yourself

026 the economy Toronto’s economy tops the nation in CIBC rankings

108 designer tips Maximize your budget and beautify your home

028 research study Study says Canada is in the midst of a tall building boom

by dan hopkins

by Hellen Buttigieg

by lisa canning

1/22/13 3:34:52 PM

conDo ProfIles 42

42 70

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chaz.yorkville Celebrate Chinese New Year with a special offer at this luxurious Yorkville residence

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the madison Act quickly and get a $50,000 savings at hot new Yonge and Eglinton condo

032 housing markEt Toronto market posts a healthy price appreciation 060 CrEa rEport Canadian home sales mostly unchanged in December 080 industry nEWs Skyline to acquire interest in Blue Mountain Village featuRes

050 dEsign diary How to beautify your condominium’s windows by erica gelman

064 hot topiC The 416 versus the 905: a condo buyer’s tug-of-war by anthony jong

012-013 GTA condo contents-jan 26-JD.indd 13

089 foCus on dEsign Your GPS to the GTA’s hottest design districts by silvana longo & elisa krovblit

112 trEnd rEport Technology in design is being seen more and more in our homes by evelyn eshun

122 trEnds 2013 The looks of 2013 – and where to find them by silvana longo

124 trEnd spotting Putting things “away” out in the open is a kitchen fashion statement by elisa krovblit

homebuYeRs’ helP

030 mortgagE options Supersizing your payments helps you pay down your mortgage faster 044 homEbuyErs’ adviCE Downsizing to smaller digs during retirement can really pay off 048 homEbuying Questions to ask yourself before buying a condo 074 finanCEs Investing 101: How to build your wealth 082 CmhC adviCE Buying a condo: Who do you need on your team?

084 homEbuying Making a checklist is helpful when shopping for a mortgage

094 Condo WatCh 416 Previews, new releases and grand openings in the 416 area 106 finanCEs How to build your best financial future at every age 114 Condo WatCh 905 Previews, new releases and grand openings in the 905 area 120 your mortgagE Being ready for a mortgage involves more than simply qualifying for a loan 129 Condo buyErs’ rEsourCE sECtion You love the home, see what you can afford 134 indEx of advErtisErs

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bild report

Why are there so many

Bryan Tuckey is President and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and BILD’s official online blog (bildblogs.ca).

I

was perplexed by the recent headlines after the release of the Bank of Canada’s report, Financial System Review. This comprehensive 63-page report looked at a wide range of issues such as challenges across the global market, interest rate projections, Canadian household finances and the housing market.

When a multi-faceted report like this is released, we all have to work together to better understand the very dynamic and complex housing market, especially in the GTA. I’m going to try and provide some context and clarity.

// By bryan tuckey

condos under construction?

First, some context: every year, 100,000 people choose the GTA as their home. That’s equivalent to the population of the city of St. John, NB moving here year after year. To provide homes for this growing population, our industry meets the challenge of building about 40,000 homes annually.

This year, we are expecting to sell about 35,000 new homes in total and that’s in line with our projections. The majority of the new homes sold in 2012 were highrise homes, and what we’re experiencing in the new home market is different than what we’ve experienced in the past. The change is a direct result of provincial public policy that has encouraged intensification in existing communities and constrained land supply in the regions surrounding the city of Toronto.

Therein lies one of the major missing facts from the coverage of the Bank of Canada’s report, which correctly states that “the total number of housing units under construction has been increasing and is now well above its historical average relative to the population.”

Ten years ago, the majority of homes sold and constructed were lowrise, and now they are highrise. The reason there is an increasing number of homes under construction is because homes in a condominium building can take three to five years to move through the process until built out to completion.

The shift in housing type is evident not just by looking at the skyline, but by looking at the sales figures over the last decade. Ten years ago, 75 per cent of the new homes sold in the GTA were ground-related and 25 per cent were highrise homes. Last year, 62 per cent of new homes sold were highrise and 38 per cent were ground-related.

From an economic perspective, that’s something we should all be proud of because it means jobs. Each project represents about 200 to 500 jobs for four to 10 years.

Instead of negative headlines, we should also be celebrating the fact that 88 per cent of the highrise homes under construction across the GTA right now are sold and will be occupied by new homeowners soon.

Sounding the alarm on a robust condominium market that provides homes to first-time homebuyers, small families, downsizing baby-boomers and renters is not helpful.

A deeper look reveals that provincial land-use policy has caused an imbalance in housing type by constraining land supply and recent changes to mortgage regulations by the federal government have already eroded consumer confidence.

We need to wake up to the real stories: Toronto has a successful condo market that is the envy of most North American cities, and choice and affordability in the ground-related housing market are disappearing. These are the stories that need to be told.

Find the Financial Systems Review report on the Bank of Canada’s website at bankofcanada.ca

016 new Condo Guide jan 26 - feb 9, 2013

016 column-BILD Report - bryan tuckey-JD.indd 16

1/22/13 11:12:45 AM

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FUNDAMENTALLY SPEAKING

// BY WAYNE KARL

MORTGAGE ESSENTIALS

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne. karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

M

ortgage interest rates, still at historical lows and expected to remain so well into this new year, represent a window of opportunity for those looking to buy a home.

The mortgage industry is ultracompetitive, lenders often introduce new products and otherwise there are plenty of options for borrowers.

If you could lock in at a low rate over 10 years, for example, that gives you the comfort of knowing what your mortgage payments will be over that period, while over that time you can also take advantage of any pre-payment and lump-sum payment options to pay down your mortgage.

Another appeal of this scenario is that, as we often point out, experts advise you take a long-term view of your home purchase. For example, there is some talk at the moment about cooling prices and softening sales. But even if that

Learning as much as you can is time well spent

were to happen in your market and housing type, ask yourself: in 10 years, is a home you buy today likely to be worth more or less? If you need an answer to this question, just take a look back at prices 10 years ago. Of course, there are no guarantees, but if you’re in the homebuying mode anyway, today’s low rate environment makes a pretty compelling reason to act sooner than later to take advantage of these opportunities.

Low rates notwithstanding, the banks, financial firms, brokers and other experts still advise homebuyers to practice smart borrowing – everything from putting down a larger down payment to taking advantage of pre-payment options and even “stress-testing” your mortgage at a higher rate to ensure your finances can accommodate rate fluctuations or other unforeseen circumstances.

The mortgage market is a complex beast, and as a prospective homebuyer, these are not lessons you’re going to learn overnight – nor do you likely want to. You’re focused on saving a down payment, getting your finances in order, searching potential neighbourhoods, choosing a home and, when buying new, selecting interior finishings.

Low rates notwithstanding, the banks, financial firms, brokers and other experts still advise homebuyers to practice smart borrowing But just as important is to also spend as much time as necessary to find a broker or banker you trust and who knows their business. More so than in any other area of homebuying, you’re going to rely on the advice of this member of your team – now more than ever.

It will prove to be time well spent.

017

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1/22/13 11:12:52 AM

your money

How to avoid hitting your

Personal Debt Ceiling

Putting the proverbial “financial house” in order is a top priority for administrations, but it should also be top of mind for consumers, says BMO Bank of Montreal.

According to the Household Debt Report recently released by BMO, 25 per cent of Canadians are debt-free, yet 41 per cent say that they have taken on more debt in the past five years as a result of increased spending.

“While debt is a part of life for the majority of Canadians, it doesn’t have to be a permanent fixture,” says Nancy Marescotti, Director, BMO Bank of Montreal. “Establishing a household budget that includes a debt repayment plan and accounts for other priorities and financial goals such as savings is essential.”

Pay down credit cards, beginning with those that carry the highest interest rate, and consider using a low rate card for purchases.

BMO offers the following five tips to avoid hitting your personal debt ceiling: 1 Don’t overspend Spend less than you make. Develop a budget that establishes how household expenses will be paid and how spending will be managed. Take advantage of free online tools (such as BMO MoneyLogic) to help stay on top of everyday household spending and saving.

2 Manage credit card debt Pay down credit cards, beginning with those that carry the highest interest rate, and consider using a low rate card for purchases.

3 Invest to save Set up a Tax Free Savings Account (TFSA) or high-interest savings account to set aside extra cash in case of an emergency. Also consider using Exchange Traded Funds to reduce management expense fees.

4 Become mortgage-free faster

Cutting your amortization and increasing monthly payments on mortgages can help you pay down your mortgage faster while saving you thousands of dollars in interest costs. Additionally, consider increasing the frequency of your payments and/or making lump sum payments to pay down your mortgage faster.

5 Have a ‘Plan B’ Develop a fallback plan in case you are unable to meet your financial obligations as a result of unexpected circumstances such as loss of work or damage to personal property, such as your home or vehicle.

For more information, visit bmo.com/smartsteps. jan 26 - feb 9, 2013 new Condo Guide 018

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COMING THIS SPRING SUITES FROM THE LOW $200,000s or $1,489/MONTH

2GOOD 2MISS FINAL OPPORTUNITY TO OWN AT DANIELS’ LANDMARK NY TOWERS COMMUNITY Introducing NY2 CONDOMINIUMS - the exciting sequel to the highly successful NY Place Boutique Condominiums by Daniels.

Edgy. Hip. Cool. And filled with fresh amenities!

Already under construction, NY2 is just steps to the subway and minutes to shopping, dining and theatre.

REGISTER NOW

FOR OUR UPCOMING RENT-TO-OWN SEMINARS

Best of all, Daniels is once again offering their bold new direction in homeownership with Toronto’s ONLY Rent-To-Own Program - part of your rent goes towards your down payment.

Now that’s smart. NY2. 2 Good 2 Miss!

NY2CONDOS.COM

416.221.3939 Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers Protected. *Daniels’ Rent-To-Own Program is only available on a select number of suites. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept. E. & O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without written permission of The Daniels Corporation, is strictly prohibited.

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cover story

DANIELS’

EXCITING SEQUEL TO NY PLACE: ny2 coming this spring In 2011, The Daniels Corporation introduced the most unique homeownership program in Toronto, with their Rent-To-Own Program at the wildly successful NY Place Boutique Condominiums within Daniels’ Award-Winning NY Towers Community at Bayview and Sheppard. The response was overwhelming and the suites were snapped up in record time! The Rent-To-Own Program was such a phenomenal success that Daniels decided to bring it back this spring with NY2 Condominiums – giving those who did not get an opportunity to buy at NY Place a second chance to be first. With NY2 Condominiums already under construction and suites starting from the low $200s or just $1,489 per month under the Rent-ToOwn Program, those who are interested in taking advantage of this innovative homeownership

020 new Condo Guide jan 26 - feb 9, 2013

program will want to act quickly – this opportunity will only be available for a limited number of suites, and judging by the overwhelming response to date, they are sure to go fast!

Daniels’ exclusive Rent-To-Own Program offers an easy way for first-time buyers to enter the new home marketplace, and it is the only program of its kind in Toronto today. “Purchasing a new home is one of the biggest and most exciting decisions you will ever make and, at Daniels, we work hard to create programs that help make the dream of homeownership more attainable”, says Dominic Tompa, Broker of Record for City Life Realty Ltd. “We are really excited about NY2 and the Rent-To-Own Program because it will help make it easier for people to get into homeownership by allowing them to accumulate a significant portion of their down payment while living in their new home. For many this is

the extra help they need to be able to enter into the new home marketplace and realize their dream of homeownership”.

In addition to a fantastic Rent-To-Own Program, residents will be able to enjoy fantastic amenities within their new home at NY2, including a Wi-Fi café lounge that is perfect for enjoying a coffee or catching up on emails; a fully-equipped and professionally designed fitness room; a rooftop party room that is great for entertaining both indoor and out; The Rent-To-Own Program and outdoor gardening plots – this outdoor oasis will be the perfect at NY2 has been designed place or residents to get away from everyday life and exercise their green to make purchasing as thumbs by planting herbs, flowers and spices. Plus, it will offer 5,000 sq. easy as one-two-three. ft. of retail space on the ground level.

Here’s how it works: As the final condominium in Daniels’ NY Towers Community, 1 Choose a one-bedroom, oneNY2 carries Daniels’ long standing tradition of distinctively eclectic bedroom plus den or a twoarchitecture in this coveted locale. Situated at the southwest corner of bedroom suite, sign an Sheppard Avenue East and Rean Drive, NY2 will inject striking modern Agreement of Purchase and Sale lines with its exterior of brick, glass and sleek window design. Over the and move into your new home past decade, Daniels has built over 3,000 homes in this award-winning starting as early as summer 2014. community and is now home to more than 5,000 residents. Residents 2W hile you are living in your new will enjoy the serenity of the established surrounding NY Towers home, a portion of your monthly community as well as the convenience of being just steps to the TTC, payment will be credited towards and Bayview Village Shopping Centre – one of the city’s most premier your down payment. The total shopping destinations. In addition, Highways 401, 404 and the Don amount accumulated will then be Valley Parkway are just moments away, along with entertainment venues, applied towards your five per cent great restaurants, parks and more. down payment.

NY2 is being built to Daniels’ Green Standard, designed to reduce 3 A fter one year, all you will have overall energy consumption, conserve materials and resources and to do is top off your five per cent provide a healthier indoor air quality. Suites will have outstanding down payment for your closing. features and finishes including nine-foot ceiling heights, laminate It’s that easy! flooring, granite kitchen countertops and stainless steel appliances.

The Daniels Corporation (danielshomes.ca) is one of Canada’s preeminent builder/developers with a reputation for quality and integrity in all forms of residential construction. Named the Tarion Warranty Corporation’s 2012 High Rise Builder of the Year and the recipient of the 2012 Toronto Arts and Business Award presented by the Toronto Arts Foundation, Daniels has built more than 23,000 homes throughout the GTA. Among its many initiatives, Daniels was chosen to partner with Toronto Community Housing to revitalize Regent Park – 69 acres in Toronto’s Downtown East. Committed to community, Daniels continually offers innovative programs that help people achieve homeownership, champions neighbourhood initiatives that enhance residents’ quality of life, and supports numerous charities and nonprofit organizations.

NY2 is another example of Daniels’ out-of-the-box thinking that makes it possible for people to enter the new home marketplace.

And remember, this is your final opportunity to own a brand new home in Daniels’ NY Towers community. For more information on NY2 Condominiums and to learn more about upcoming Rent-To-Own seminars, Register now at ny2condos.com or call 416.221.3939. jan 26 - feb 9, 2013 new Condo Guide 021

5

% DOWN

PAYMENT.*

MOVE IN

SPRING 2013

ONE 20194 Condo Guide DPS Jan 13.indd 1-2 022-023-GreatGulf-OneSherway 01-26-13.indd 22

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One Sherway. Many Reasons.

Don’t miss out on this rare opportunity to live in an award-winning community.

One Sherway is lifestyle living without the high-end price tag. Offering you a chance to loosen the purse strings and indulge in the amenities that surround you. With access to the TTC steps from your home and one of Canada’s most luxurious malls in your backyard, relish in the opportunity to experience life on a grander scale.

Come discover a Mike Niven designed living experience, priced starting from $272,990. Parking included.

The Queensway

QEW

y.

Expw

The East Mall

iner

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est M The W

Sherway Gardens

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022-023-GreatGulf-OneSherway 01-26-13.indd 23

13-01-22 2:30 PM 1/22/13 4:25:42 PM

taxing issues

// By henry choo chong

Capital expenditures & deductible expenses A

Real estate rental deductions are always contentious, and Canada Revenue Agency frowns on expenditures that should be capitalized as opposed to being expensed immediately. As an accountant who deals with real estate investors on a regular basis, I can tell you your concern is not isolated. The Income Tax Act does provide guidance with regards to capital items and current expenses. › Capital Expenditures Generally, these are expenditures that will provide benefits and a useful life for several years – such as appliances, air conditioners and dishwashers. The Income Tax Act provides for Capital Cost Allowance (CCA) deduction for capital expenditures that can be expended over the useful life of the asset. › Deductible Expenses Generally, these expenditures may be deducted in the year they are incurred. They would include all expenditures directly related to the property such as property taxes, insurance, utilities, mortgage interest, advertising cost, legal cost, accounting fees, and repairs and maintenance.

It would appear your repairs were performed to maintain the property to its original condition and would therefore be considered a current expense.

However, the fridge and stove must be capitalized.

Investors should always have a good accountant who deals with real estate investments on a regular basis to ensure the right advice is given.

Henry Choo Chong, CGA, sits on many committees and provides accounting and tax services to individuals and businesses in the GTA. He can be reached at 416.485.5225.

Questions to Taxing Issues can be emailed to choochonghcga@yahoo.ca

The opinions and views expressed herein are those of the author and not those of New Condo Guide. New Condo Guide does not necessarily endorse or encourage any specific tax strategies.

Please consult a tax professional for advice specific to your particular situation.

The Income Tax Act provides for Capital Cost Allowance (CCA) deduction for capital expenditures that can be expended over the useful life of the asset

Q

I recently purchased a rental investment property.

Fortunately, the home was rented quickly. However, last summer, because of several days of heavy rainfall, the roof leaked terribly and our ceilings were partially water damaged. I had to reshingle and replace almost half of the entire roof and repair the ceiling and floors. It also cost me more than $1,200 for a new fridge and stove. I have an individual who prepares my income taxes who has advised me that these are capital items and I could not deduct them for my income taxes. I find that ridiculous to be out of pocket that amount of money and I cannot deduct it. Sam, Toronto

Q

I recently started my own small business, which is registered as a non-incorporated business. It earned approximately $34,000, less expenses. Additionally, I am employed full-time, as is my wife.

What is my final date and can I choose my own year-end for my company? Yves, Oakville

A

Congrats on joining the ranks of entrepreneurs. Many individuals talk about starting their own business but are reluctant to do so for various reasons. The primary obstacle is finances, followed by lack of knowledge about where to start.

Individuals who are strictly T4d – that is, employed full- or part-time – were to file their year’s personal tax return on or before April 30 of the following year. Self-employed (including non-incorporated businesses) taxpayers and their spouse had to June 15 to file their tax return for the previous year. However, any income taxes owing would have to be remitted on or before April 30 of the filing year. You should have your tax returns prepared before the end of April to avoid any interest penalties.

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Inve have who esta regu the

ADDRESS YOUR LIFE. LIVE AT THE CENTRE OF IT ALL. YONGE + RICHMOND REGISTER FOR PREVIEW VISIT YONGEANDRICH.COM

FROM $289,990

CONDOMINIUMS COMING SPRING 2013.

Live at the centre of it all with everything you can imagine. Enjoy easy access to the subway, the PATH, the Eaton Centre, U of T and the Financial and Entertainment districts.

Live with luxury amenities, expansive terraces and breathtaking views of the lake.

Redefine world class living at Yonge + Rich. Yonge at heart and rich in possibilities.

REGISTER FOR A PREVIEW AT YONGEANDRICH.COM | 416 492 7420

Exclusive Listing: Baker Real Estate Incorporated, Brokerage. Brokers Protected.

025-GreatGulf-YoungeRich 01-26-13.indd 25

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the economy

Toronto’s economy tops the nation in CIBC rankings

For the second year running, Toronto has taken the top spot among the country’s major cities in CIBC World Markets’ latest Canadian Metropolitan Economic Activity Index rankings.

“What’s so impressive about Toronto’s performance is that the city has topped our ranking for more than a year,” says CIBC Deputy Chief Economist Benjamin Tal in his latest Metro Monitor report. “Given that our index measures momentum as opposed to a level of activity, Toronto’s ability to maintain momentum for such a long period is impressive. Also note that Toronto ranked in the top five for more than seven consecutive years, with the only exception being the 2009 recession when the city’s ranking slipped to seventh place.”

While Toronto did not lead the pack in any of the bank’s sub-measures of economic momentum, it ranked high enough in many categories to place it in top position overall.

“Simply put, the multi-channel nature of Toronto’s economic engine is the secret not only behind its current top position, but also behind its ability to maintain a relatively high grading over the past two years,” says Tal. “This can be easily seen in the robust activity of the city’s economy during the economic recovery, with the city outpacing the national average by a wide margin.”

CIBC notes that during the past year, Toronto has benefited from a recovery in the manufacturing sector, helped by the positive spin-off of the improvement in U.S. auto demand. The construction sector, spurred on by activity in both the residential and non-residential segments of the industry, also played an important role in the city’s consistent performance.

As of the third quarter, housing starts in the city rose 30 per cent yearover-year with 99 per cent of this growth coming from the condominium market. Population in the city is rising at a strong pace of just over two per cent on a year-over-year basis, while employment growth is hovering around its strongest showing in more than a decade.

Calgary ranked second in the analysis, up from ninth last year. This reflects strong population growth and a healthy labour market. The city of Regina also showed strong growth moving up to third from eighth a year ago. Winnipeg’s fourth place ranking reflects strength in both the construction and the manufacturing sectors.

CIBC Metropolitan Economic Activity Index (2012 Q3)* CMA

3Q Moving Average

1

Toronto

20.6

2

Calgary

19.5

3

Regina

18.4

4

Winnipeg

18.4

5

Saskatoon

18.2

6

Edmonton

17.8

7

Ottawa

16.8

8

Vancouver

14.0

9

Halifax

13.8

10

Saguenay

12.2

Rank

11

Montréal

11.2

12

Québec City

10.5

13

London

10.4

14

Hamilton

9.6

15

Kitchener

9.4

16

Kingston

9.1

17

Trois-Rivières

8.6

18

Thunder Bay

7.3

19

Victoria

6.8

20

St. John’s

6.6

21

St. Catharines -Niagara

6.0

22

Windsor

4.0

23

Saint John

-0.8

24

Sherbrooke

-0.8

25

Sudbury

-2.4

*Using nine key macroeconomic variables, CIBC’s metropolitan index of economic activity is structured in a way that approximates the change in each city’s level of economic activity. The focus is on the 25 largest CMAs in Canada.

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1/22/13 11:13:15 AM

luxurious living RIGHT AT THE OLD MILL ON THE BANKS OF THE HUMBER RIVER

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Promotions may be changed and/or cancelled at any time without notice. Only 5% deposit is required for one bedroom suites.

Only 10% deposit is required for 2 bedroom suites or larger. Balance to 20% not required until occupancy. Limited time offer. Illustration is artist concept. E.+O.E.

RIVERHOUSE AT THE OLD MILL PRESENTATION CENTRE TEMPORARILY RELOCATED AT THE TREVISO PRESENTATION CENTRE LOCATED AT DUFFERIN ST & LAWRENCE AVE W. FOR MORE INFORMATION CALL 416.787.8882

jan 26 - feb 9, 2013 new Condo Guide 027

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RESEARCH STUDY

Study says

“CANADA GROWING TALLER” CANADA IS IN THE MIDST OF a tall building boom.

According to a new research study by the Council on Tall Buildings and Urban Habitat (ctbuh.org), 26 buildings taller than 150 metres have been built in Canada since 2005.

Canada added four buildings taller than 200 metres in 2012, the most Canada has ever completed in a single year. By contrast, the U.S. completed two building taller than 200 metres in 2012.

The study pointed out that the epicentre of Canadian tall building development is Toronto, where 15 buildings taller than 150 metres are under construction — more than any other city in the western hemisphere. Toronto is projected to have 44 buildings taller than 150 metres by 2015, up from 13 in 2005.

But Toronto is not alone. Vancouver and Calgary are also growing taller. By the end of 2015 the number of buildings in Canada taller than 150 metres is expected to increase to 74, up from 26 in 1995.

“Canada is reshaping its urban centers and tall buildings are playing a large role,” says Dr. Antony Wood, Executive Director of the CTBUH. “Canada is at the forefront of discussions about density, transportation and urban sustainability.”

Development in Canada also reflects a global shift in the fundamental role of tall buildings around the world. In 2001, 26 of the 27 buildings taller than 150 metres in Canada were office or hotel buildings; today 15 of the 17 buildings in this category currently under construction are entirely or partially residential. And all five of the towers taller than 200 metres under construction in Toronto are residential.

A similar shift can be found in cities around the world. In 1990, 89 of the 100 tallest buildings were offices; in 2012 only 41 of the 100 were offices and 53 had a residential component.

Two Canadian buildings have won the CTBUH Best Tall Building Award for the Americas in recent years: Absolute Towers in Mississauga (2012) and Manitoba Hydro Place in Winnipeg (2009).

More CTBUH Findings:

› Toronto currently has

30 buildings taller than 150 metres; Calgary has the second highest number with 14. › Toronto accounts for 51.8 per cent of the tall buildings in Canada, but only 14.5 per cent of the population. › The latest additions to Canadian skylines include the 277-metre Trump International Hotel and Tower in Toronto and The Bow, a 237-metre tower in Calgary with a unique diagrid structural system.

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NOW UNDER CONSTRUCTION

CONDOMINIUM RESIDENCES ON BLOOR AT AVENUE ROAD, ACROSS FROM THE ROM PRESENTATION LOUNGE 162 CUMBERLAND STREET ExhibitResidences.com 416-967-7778

Exclusive Listing: Baker Real Estate Incorporated, Brokerage. Brokers Protected.

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@BazisInc

029

12-11-16 2:26 PM 1/21/13 11:37:10 AM

MORTGAGE OPTIONS

Supersize your

MORTGAGE PAYMENTS 65 per cent of Canadian homeowners are worried about mortgage rate increases, and 56 per cent admit that their mortgage is higher than they expected.

“Flexible payment options can help take some of the guesswork out of interest rates increases,” says Marcia Moffat, RBC head of home equity financing. “Speaking with a mortgage specialist and making a few simple changes can help you save thousands on interest costs as well as take years off your mortgage.”

ACCORDING TO A RECENT RBC HOMEOWNERSHIP SURVEY,

Here are a couple of tips to help you pay off your mortgage even faster:

» Make annual mortgage payments on the principle. Many mortgages allow you to make a lump sum payment once every 12 months or at renewal time, which is applied directly to the principal. If you come into a large sum of money through an inheritance or bonus, consider making a prepayment, which can shave years off your mortgage. » If you double up your payments once per year for 25 years, on a $250,000, 25-year mortgage at five per cent interest, you can save more than $30,000 and shave 3.5 years off your amortization term. » Switch to a bi-weekly mortgage payment schedule. Changing to an accelerated bi-weekly payment can be an easy adjustment that will help you save on mortgage interest. The bi-weekly accelerated payment works to help you pay down your mortgage faster as you actually end up making 26 bi-weekly payments a year versus 12 monthly payments. This adds up to one extra monthly payment every year.

For more information, visit rbcroyalbank.com NC

Unlock the power of mortgage pre-approval So, you’ve decided to take the plunge into home ownership and start searching for your first home? Make sure you have your financing in order before you start your search.

“Having a mortgage preapproval is a critical component of buying a home, particularly for younger homebuyers,” says Marcia Moffat, RBC head of home equity financing. “It presents you as a serious purchaser to both realtors and sellers.”

Pre-approvals have no obligation and help lock in your interest rate. It also clarifies your budget and sets your expectations accordingly so you’re not wasting your time viewing houses that are beyond your budget.

With a pre-approved mortgage you will know what you can afford right away. On top of the preapproval amount, consider your lifestyle preferences and how future cost increases may impact your payment comfort zone.

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1/22/13 11:13:24 AM

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housing market

Toronto posts

healthy price appreciation

in the fourth quarter of 2012 for most housing types. According to the Royal LePage House Price Survey and Market Survey Forecast, these price gains were due to strong demand relative to inventory.

Standard condominiums saw an increase of 2.6 per cent to $356,865, prices for detached bungalows rose 4.9 per cent year-over-year to $558,345, and standard two-storey homes witnessed the largest year-over-year price increase at 6.2 per cent to $668,133.

“In the third and fourth quarters of 2012, we began to see a disconnect between buyers and sellers,” says Gino Romanese, senior vice president, Royal LePage Real Estate Services Ltd. “Buyers had been regularly exposed to news that made them cautious about purchasing a property with the concern that prices might drop. However, sellers generally did not share that view and were prepared to wait it out in anticipation of the upcoming and traditionally much busier first and second quarters of the year.”

In 2013, Royal LePage expects that real estate values in Toronto will increase a more modest 1.0 per cent compared to 2012. Romanese noted that the forecast reflects an average of two different housing markets in Toronto.

“The pipeline of buyers in Toronto seeking single-family homes will remain strong throughout 2013, however, we do expect to see some softening in the condo market,” notes Romanese. He says that older condos, which are Toronto saw strong year-over-year price gains

generally larger, and more specifically those that are in more desirable areas, will likely out-perform newer units that target investors and young professionals given the availability of such product.

“Most real estate decisions are based on life events such as the establishing of new households, growing family requirements, downsizing or retirement. As the market remains stable through the first half of 2013, I expect both sellers and buyers to come off the fence as they realize that significant price increases or decreases are not likely to happen,” adds Romanese.

According to the Royal LePage House Price Survey and Market Survey Forecast, these price gains were due to strong demand relative to inventory Nationally, the average price of a home increased year-over-year between 2.0 and 4.0 per cent in the fourth quarter of 2012. In the fourth quarter, standard two-storey homes rose 4.0 per cent year-overyear to $390,444, while detached bungalows increased 3.6 per cent to $356,790. National average prices for standard condominiums increased 2.0 per cent to $239,374.

For more information, visit royallepage.ca.

032 new Condo Guide jan 26 - feb 9, 2013

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1/22/13 11:13:28 AM

Where will your life storey take you?

Location, location, location! It’s the mantra for smart buyers in the city.

One exceptional new condominium transcends all others as the smartest destination around. Introducing 365 Church. In the heart of the action, steps from almost every amenity on earth. Shop for groceries where hockey legends were born.

Live where perfection is the norm.

Prices and specifications are subject to change without notice.

Illustrations are artist’s concept. E.&O.E. Brokers Protected. January 2013.

Coming soon to Church & Carlton. Register at menkes.com

Your life storey starts here.

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Richmond & Spadina Toronto from the mid $200’s 416.591.7700

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Yonge & Park Home North York from $384,990 416.730.9722

Avenue & Davenport Toronto Starting from $381,990 416.323.0100

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MONEY MATTERS

// BY GAIL VAZ-OXLADE

Gail’s 12 steps to getting

FINANCIALLY ORGANIZED SET-UP

Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade

1 Gather all your paperwork. Create

4 Save automatically

a file folder for each of the following:

Create an auto-debit from your chequing account to a savings account that will not be touched.

Most people won’t put money into a savings account on a regular basis, opting to wait for a tax-refund or bonus before setting aside some money for the future. Establish an automatic savings deposit every month and your nest egg will accumulate faster than you think.

›› Chequing accounts ›› Savings accounts ›› Retirement accounts ›› Investment accounts ›› Credit card accounts ›› Loans ›› Personal lines of credit ›› Mortgage ›› Insurance: life, disability, health, critical illness, home, car

›› Tax returns ›› Estate: wills and powers of attorney 2 Welcome to 21st century banking

If you can afford it, transfer $1,000 float to your chequing account (pretend it isn’t there) and use that to minimize your banking costs

If you don’t already have it, set up telephone or Internet banking for your accounts.

3 Reduce fees by setting up a buffer

If you can afford it, transfer $1,000 float to your chequing account (pretend it isn’t there) and use that to minimize your banking costs.

5 Create a monthly bill summary

List your bills in the date order they need to be paid to prevent you from missing a bill. If you have bills that are paid automatically from your account, write an “A” beside these bills and remember to deduct them from your spending journal at bill payment time each month.

6 Set up your in baskets

Create an in basket with two bill

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Most people won’t put money into a savings account on a regular basis, opting to wait for a tax refund or bonus before setting aside some money for the future. Establish an automatic savings deposit every month and your nest egg will accumulate faster than you think. folders labelled “1-15” and “16-31.” When a bill comes in, look at the due date and put the bill it in the appropriate folder. Recycle all the marketing crap in the envelope.

Create a second in-basket with three folders labelled “bank statements”, “bills paid” and “tax receipts.”

WEEKLY 7 Make a date with your money

On the 12th and 28th of each month, set aside the time in your schedule – you’ll need about 30 minutes – to pay your bills.

Always pay your bills in one place – a place that you’ve equipped with the following: your bill paying system, a spending journal, envelopes, stamps, pens, pencils, a calculator, tape, a stapler, return address labels and a recycling bin.

When you pay a bill, write the cheque or transaction number, amount paid, and the date you paid it on the bill.

Put the paid bill in your “Bills Paid” file. Deduct the amount you’ve spent from your spending journal. If a bill has not been paid in full (tax bills are paid over several months, for example) put it back in your folder so you don’t forget it.

MONTHLY 8 Reconcile your bank statements

When your bank statements come in, put them in your inbox folder. Make a date when all your statements are in (it will depend on when you receive them) to: ›› Review your statements to make sure there are no mistakes ›› Reconcile your spending register; clearly mark the cheques that have been returned to you and highlight

the ones in your spending register that haven’t yet cleared the bank. A cheque that takes a long time to clear in the bank can lull you into thinking you have more money than you do. Go back at least a month to make sure all previous cheques have cleared.

Talk about anything unusual ›› QUARTERLY 9 File

Once a quarter, file all of your paperwork to keep your system current.

10 Talk

Have dinner with your business partner and talk about the bumps, your goals and how you’re doing.

ANNUALLY 11 Revamp your budget

Review your budget using last year’s cc statements and bank statements to see what you actually spent. If you spent more on a particular category, make sure you know why, or look for ways to trim.

12 Clean up

Go through your files at the end of each year and throw out bills and receipts no longer needed for auditing/budgeting purposes.

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RESIDENTIAL | RETAIL | OFFICE

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All illustrations are artist’s concept only. ©2013 Liberty Development Corporation.

All rights reserved. Brokers Protected. jan 26 - feb 9, 2013 new Condo Guide 035

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All renderings are artist’s concept. Prices, specifications and availability subject to change without notice. E.&O.E. Brokers protected. See Sales Representative for details.

jan 26 - feb 9, 2013 new Condo Guide 037

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LEGALLY SPEAKING

Not every lawyer is

Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit schwarzlaw.ca or email info@schwarzlaw.ca and give us your questions, concerns, critiques and quandaries.

N

ot all lawyers are created equal. If you needed a heart surgeon, you certainly would not go to see a podiatrist. By the same token, lawyers generally have expertise in one area greater than another. Do not believe that the granting of a law degree instantly bestows knowledge of all laws on the head of a lawyer.

The first thing you need to do to find a lawyer is the same thing you ought to be doing to find a home – research! Where do you look? Start with media and look in magazines (editor’s note – you already have your issue of New Condo Guide, so you’re off to a good start!), newspapers, listen to radio and watch real estate television. Generally speaking, the lawyers who appear in public, speaking or writing about real estate, are thought to be experts in the area. Go to seminars and listen to the speakers.

Generally, if a lawyer is taking the time to participate in a seminar, he/she knows what he/she is talking about

// BY JAYSON SCHWARZ

A REAL ESTATE LAWYER and is happy to take on new clients that come out of those seminars.

Next, go online and check out the websites of different real estate lawyers.

Look to see whether they give good, informative advice; whether they give you pricing; and whether they make you feel comfortable.

Call the Law Society of Upper Canada, Lawyer Referral Service. This service keeps lists of lawyers and refers requesting members of the public to lawyers who practice in the area requested. This just gets you someone in the area. You really need to check them out when referred.

Speak to friends who have used a lawyer for the type of service you require and ensure they did the job professionally, courteously and for the price quoted.

Who is making the referral? Is the referral coming from a real estate agent, a mortgage broker or a bank? This is not necessarily bad, but you have to be careful. Quite often, lawyers develop relationships with various groups over the years and receive referrals because they do a great job. On the other hand, ensure that your lawyer is independent and will represent your interests even if it puts him/her into an adversarial position with one of those parties. This is quite important, so make sure you get comfortable with this issue before you hire someone.

Speak to friends who have used a lawyer for the type of service you require and ensure they did the job professionally, courteously and for the price quoted Now to bring this back to the original idea; what you need to understand is that there are general law practitioners just like there are family doctors. What this means is that a lawyer may have a wide-ranging practice composed of many areas. The smart lawyer who falls into this category knows that if there is a serious issue that arises outside of their expertise they should bring in a specialist, just like your family doctor would. The bad lawyers try to do it all. The general practitioner can probably handle your real estate deal just fine, but make sure he/she understands any complicated offers and that he/she reviews them carefully, pointing out any problems. Ensure that he/she knows what can be negotiated and what cannot, or you may lose your deal.

Remember, your lawyer is a very important part of the process, so take your time and find the right one.

040 NEW CONDO GUIDE JAN 26 - FEB 9, 2013

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A BREATHTAKING PANORAMA

ENSUITE

OWNER’S SUITE 13’3” x 17’6”

BALCONY 36’10” x 4’6”

FLEX 6’8” x 9’6”

Incredible Views

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PANORAMA SUITE 3 BEDROOM + DEN INCLUDING 4 BATHROOMS

W

STORAGE

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INSPIRED YORKVILLE LIVING FROM THE LOW $300’S TO $2.5 MILLION Location, luxury and value come together at CHAZ Yorkville! Large, spacious suites are designed for family living with gorgeous ensuite bathrooms for everyone in the family, next-generation internet, wide plank flooring, granite counters, Euro style cabinetry, stainless steel appliances and more.

Inspired amenities include a hotel style lobby, private courtyard garden with fireside lounge, the Chaz Sky Club on the 36th and 37th levels with magnificent views of downtown Toronto and more.

Yorkville Ave. Presentation Centre

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

jan 26 - feb 9, 2013 new Condo Guide 041

Avenue Rd.

CHAR 27596 Condo Guide_FA.indd 1

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Dupont St. Yorkville Ave. Presentation Centre

Bloor St.

1/21/13 11:37:33 AM

condo profile

Celebrate Chinese New Year with a special offer at

CHAZ.YORKVILLE

c

HAZ.Yorkville developer 45 Charles Ltd. and project manager Edenshaw Homes are kicking off 2013 with a special offer to celebrate Chinese New Year. On Thursday, February 7th from 6 to 8 p.m., visitors to the sales centre who purchase a suite at this successful condominium in the Yorkville community on this one night only will receive a two-year leaseback program at 4.5 per cent of the purchase price, plus a credit on closing of $8,888 to $18,888. In addition, for this one night only, the first eight CMHC-approved purchases will qualify for a five per cent deposit. Draws for gift certificates to Lai Wah Heen throughout the evening and a grand prize of a trip for two to Hong Kong or China will bring even more prosperity and good fortune to attendees as they explore all that this award-winning condominium has to offer.

There is even more good news. In the fall, eight new floors were added, offering luxurious suites called Sky Residences. These homes in the sky are situated on the 42nd floor and up, so views of the city and lake will be incredible. Surrounded by the exquisite features and finishes of the Bellair

042 new Condo Guide jan 26 - feb 9, 2013

collection, owners will enjoy nine-foot floor-to-ceiling windows, granite kitchen countertops, wide-plank engineered hardwood flooring, Cecconi Simone-designed cabinetry with unique backsplash storage in the kitchen, and a six-foot-high recessed medicine cabinet with adjustable shelves in the marble bathrooms.

CHAZ.Yorkville’s spectacularly unique building design by Page + Steele / IBI Group Architects provides for eight corner suites on each of the Sky Residences floors.

The condominium will definitely

In the fall, eight new floors were added, offering luxurious suites called Sky Residences. These homes in the sky are situated on the 42nd floor and up, so views of the city and lake will be incredible. make an iconic mark in the coveted Bloor-Yonge neighbourhood with its contemporary limestone-and-glass exterior. The design features a dramatic cantilevered two-storey structural concrete facet at the 36th and 37th floors housing the residents’ private CHAZ Club. This remarkable space will include a lounge and bar in the grand room and a private dining room that can accommodate up to 20. Plus, the CHAZ Club structure will be illuminated on the outside at night to frame the festivities within.

Cecconi Simone appointed these and the other amenities, including the beautiful lobby. At one end, the lobby lounge invites relaxation with comfortable banquettes situated in front of a fireplace. At the other, the living room, wet bar, dining room and billiards room open onto the landscaped private courtyard, offering a multitude of possibilities for socializing.

Residents will also have access to amenities elsewhere in the building, such as an equipped gym, yoga/Pilates studio, steam rooms, relax massage studio, pet spa, sports theatre, conference/meeting room and fully outfitted car wash. The addition of the Sky Residences floors enables larger spaces for some of these amenities such as the 3D screening theatre, which now includes a dazzling Hollywood-style, pre-function area.

And electronics buffs will appreciate living in the first condominium in Toronto to provide Internet speeds of up to 100 MB through fibre optics from Rogers Head End on Jarvis Street. In addition to enjoying this technological advancement in their suites, owners will thrive on this lightning speed in CHAZ.Yorkville’s innovative computer gamers arena.

Suites are priced from the low $300s to $2.5 million, and purchasers require only a 10 per cent deposit. Talk about value! This condominium is

even being built as a LEED Certification Candidate for increased environmental responsibility and sustainability.

Forward-thinking features include four car share stalls. With the Yonge-Bloor subway station and the world-class shopping and fine dining of Yorkville steps away, residents won’t have to rely much on vehicles. No wonder CHAZ. Yorkville has been honoured with so many accolades, including the 2012 Pacific Coast Builders’ International Residential Project Gold Nugget Award.

Headquartered in Manhattan’s Rockefeller Centre, 45 Charles Ltd.’s background includes 30 years of Toronto real estate investments in locations that increase in value as they mature. Providing top-quality homes in urban communities, Edenshaw Homes delivers expertise in design, development, marketing, construction and customer service.

Start the new year out right with a fabulous suite at CHAZ.Yorkville.

Visit the presentation centre at 101 Yorkville Avenue, between Avenue Road and Bellair Street, Monday to Thursday from noon to 6 p.m.; Friday 2 to 6 p.m.; Saturday 12 to 8 p.m.; and Sunday 12 to 6 p.m. Call 416.922.0045 or visit CHAZyorkville.com. jan 26 - feb 9, 2013 new Condo Guide 043

HOMEBUYERS’ ADVICE

CONSIDER DOWNSIZING in retirement to reduce mortgage debt

THE FIRST WAVE OF BABY BOOMERS are turning 65, but many may not be

ready for retirement. A recent poll from CIBC reveals that nearly half (46 per cent) of our country’s baby boomers still carry a mortgage and 75 per cent still carry additional debt.

The Ontario Real Estate Association (OREA) advises that downsizing to a smaller living space can help reduce mortgage debt and could also offer other lifestyle benefits. Smaller houses and condominiums can require less maintenance and leave more free time to enjoy living.

“The decision to move from the family home to a smaller house, townhouse or condo is becoming more popular,” says Barbara Sukkau, president of OREA. “Homeowners should take the time to consider what they can afford, what kind of lifestyle they want to have and what type of home they’d like to live in.”

Sukkau offers the following advice: » Consider your debt How much do you owe on your mortgage and how can downsizing help you to pay this off much faster? Figure out how much of your debt you can pay off by looking at the principal owing compared to costs related to selling. Then take into account other housing costs related to your new space such as reduced property taxes and utility fees to get a clearer picture. Remember, condos also have maintenance

fees that can rise over time if the building doesn’t have a sufficient reserve fund in place. » Consider your current lifestyle

How many rooms do you need?

How long will the kids still be living at home? How often do you have overnight guests? How much stuff can you get rid of? It’s important to consider what you’re willing to give up in return for a downsized space, including whether or not you still plan to host family holidays.

» Consider your future lifestyle

Do you have plans to travel after retirement? Is deteriorating health an issue? Perhaps a single-level home like a bungalow or a low maintenance space like an condo would suit your future needs.

With proper planning, downsizing can get you the lifestyle and home that you want. For more information, visit howrealtorshelp.ca. NC

The Ontario Real Estate Association (OREA) advises that downsizing to a smaller living space can help reduce mortgage debt and could also offer other lifestyle benefits 044 NEW CONDO GUIDE JAN 26 - FEB 9, 2013

044 homebuyers advice-consider downsizing for retirement-JD.indd 44

1/22/13 3:35:15 PM

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Prices and specifications are subject to change without notice. Brokers Protected. E.&O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited.

045-Daniels-HomeValley 01-26-13.indd 45

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CONDO PRO

Condos are a

// BY BARBARA LAWLOR

FAVOURITE CHOICE FOR WOMEN

Barbara Lawlor is president of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condominium developments in the GTA and overseas

T

he condominium landscape across the GTA gets more beautiful and exciting all the time. And condos continue to be the popular choice for new homebuyers from all walks of life, including more and more women.

This started a few years ago, when the condominium lifestyle began receiving attention from more than just the empty-nester segment of the market. The feeling of community, nurtured by gorgeous amenity areas, combined with the privacy of having one’s own suite, offers the best of both worlds.

Residents can mix and mingle with neighbours and also enjoy the solitude of their personal surroundings – all under one roof.

Add to that the enhanced security that comes along with condo living, and it is even more attractive for women. With the

Concierge providing screening of visitors and “eyes on the street”, suite owners have a secure feeling when entering their buildings. Today’s condodwellers also enjoy peace of mind from features such as monitored cameras in the underground parking garage, enter phone or in-suite security systems, etc.

In a condominium, women have plenty of neighbours close by should they need help with anything. Trading favours like watering plants or caring for pets while someone is away is a common occurrence, and seeing the same people day after day in the hallways and elevators and getting to know them over time is comforting.

Another wonderful thing about buying a new condo is the “new” part. I believe that every woman has an interior decorator in her soul, and you cannot beat the feeling of starting with a fresh palette. There is nothing like the smell of a new suite that is completely clean and waiting for you to place your personal stamp on the surroundings. What a joy it is to be able to select your own colours and materials for flooring, countertops and the like. And starting out with brand new appliances is a real luxury.

Even when couples are involved in a condominium purchase, it is usually the woman who makes the primary decisions when it comes to selecting features and finishes, and even sometimes which building they choose. The standards and upgrades offered are important, because of the value they provide, and the opportunity to create surroundings that reflect the buyers’ personalities.

In addition to paying particular attention to the details, women tend to see the overall picture. Take the lobby, for example. This area is like the living room for the entire building, and I think that women, in particular, prefer it to have an upscale, sophisticated feel that reflects the sensibility of the condo’s architecture.

Day-to-day lifestyle is critically important in the list of reasons why women opt for condos as their first choice. A fantastic sense of freedom comes from being able to travel and just lock the door behind without worrying about lawn maintenance, snow removal, heavy repairs and the like. Plus, today’s condominiums have positively gorgeous amenities that nurture a sense of belonging and make these buildings feel like “home” in the true sense of the word.

And let’s not forget price as a motivating factor in condominium selection. Across the GTA, condo suites are usually less expensive than low-rise homes, which accounts for their popularity with first-time women buyers.

Women benefit from all aspects of condominium living. Buying instead of renting is a wonderful investment in their financial and lifestyle future, and they can enjoy the fruits of this investment every day.

046 NEW CONDO GUIDE JAN 26 - FEB 9, 2013

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1/22/13 11:14:03 AM

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Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artists concepts. Prices and specifications are subject to change without notice. E.&O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited. *Conditions apply. See Sales Representative for full details. The FIRST HOME BOOST Program will only be available on a limited number of suites.

DANOPP13019 CondoGuide.indd 1 047-Daniels-OnePark 01-26-13.indd 47

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homebuying

buying a condo

Are you ready for home ownership?

You’ve weighed your options and now you want to buy a condo. Purchasing a condo is one of the biggest investments you’ll ever make. So before you make an offer, make sure you’re ready to take on all the financial and emotional responsibilities that come with owning a home of your own.

To help you make an informed decision, Canada Mortgage and Housing Corp. (CMHC) suggests you ask yourself the following questions before you begin your search for the perfect condo:

How much will your condo actually cost?

Are you financially ready to buy a condo?

What kind of mortgage is right for you?

To avoid any unpleasant surprises down the road, take the time now to calculate your net worth, current household budget and any monthly debt payments you already make. This information can help you evaluate your current financial situation, decide how much room you can afford and find out the maximum condo price you should be considering. As a general rule, your monthly housing costs (including mortgage principal and interest, taxes and heating) shouldn’t add up to more than 32 per cent of your gross household monthly income. In addition, your entire monthly debt load shouldn’t be more than 40 per cent of your monthly income.

Depending on the size of your down payment, you may have either a conventional or high-ratio mortgage.

You will also need to choose the term and amortization period for your mortgage, work out a payment schedule, decide whether you would prefer a closed or open mortgage, and choose between a fixed, variable or adjustable interest rate. To make all of these decisions easier, it can often be a good idea to select a lender and get pre-approved for a mortgage before you begin looking for the condo of your dreams.

Once you’ve figured out the price range you can afford, you still need to take into account all the other costs associated with condo ownership. These include up-front costs such as mortgage loan insurance premiums, appraisal and condo inspection fees, legal fees, moving expenses and a down payment, as well as such ongoing costs as maintenance and repair expenses, service fees, emergency savings and condo or strata fees.

For more information on buying a condo visit cmhc.ca and search Homebuying Step by Step or call CMHC at 1.800.668.2642.

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DESIGN DIARY

Addressing your

// by ERICA GELMAN

Condo Windows

Toronto-based interior stylist and designer Erica Gelman, Principal of House of Design, specializes in both large- and small-scale residential design projects throughout Toronto and the GTA. Erica is known for enhancing and creating new possibilities in every space of your home. ericagelman.com

T

rying to create a cosy environment in a hotel-like atmosphere can be exciting and overwhelming at the same time.

Typical condos, especially newbuild suites, have open-concept floor plans, so finding your “starting point” may be a challenge.

First and foremost, begin with a plan. The main objective in planning is to keep a consistent flow from room to room, which is ideal in any small space.

Windows are a such strong architectural feature of your condo facade – they may even be why you were drawn to your building in the first place. However, your interior windows may vary in height, width or even scale. Floor-to-ceiling

windows are fantastic, especially if you are lucky enough to have a remarkable view. However, they can also be quite challenging, and the thought of dressing them can be stressful. I suggest tackling larger essentials in your space first and building around the windows to create a unified look.

There is no such thing as “standard windows” when it comes to condos, so I recommend dealing with any major challenges before you begin your design process. You may have windows that touch the surface of the

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ceiling directly, which makes mounting decorative rods a complicated task. However, suppliers and manufacturers have acknowledged this issue and have started to produce fantastic decorative rods that mount right up to the ceiling, leaving you a clean, seamless look.

If you have windows that run the entire length of your unit, or a series of windows, you may consider breaking up the continuous lines by placing stationary panels between them (but only if your series of windows is vertical). This type of design will soften up any harsh lines surrounding the windows and allow you to frame, rather than abstract, your view. If you have higher ceilings and your windows are broken up horizontally, treat them as if they were one unit of

Whether you have planned a more simple approach to design or have decided to go more contemporary or even traditional, a good window treatment will undoubtedly give you that finished, tailored look. windows. Don’t worry if there is a wall gap between them; your drapery will give the illusion of large, long windows and give you expansive volume in your suite.

Once you’ve tackled the challenges of your window design you can concentrate on the aesthetics. Layering is a great way to introduce multiple fabrics, patterns and textures. Whether you have planned a more simple approach to design or have decided to go more contemporary or even traditional, a good window treatment will undoubtedly give you that finished, tailored look – especially if you have your drapery made to order, which I strongly suggest. Your home should reflect your lifestyle and personality; it’s as much about beauty as it is about function. jan 26 - feb 9, 2013 new Condo Guide 051

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mortgage finesse

Is paying off your mortgage

Calum Ross is senior vice-president and practicing mortgage agent with The Mortgage Centre. He has appeared on Canada AM, Investment Television, BNN and Citytv. He holds an MBA in finance and is an accredited mortgage professional. He can be reached at 416.410.9905.

I

n a society where financial planning education and free financial resources are readily available, it is difficult to believe that most people do not understand how to use their cash flow and capital effectively. When determining many people’s top financial objectives, a large number of people put building their net worth and paying off their mortgage at the top of their list.

While at face level these seem to be rational choices, I will show you why these goals may contradict one another, and how being mortgage-free is a detriment to building net worth.

With rates of returns in the equity markets once again showing positive returns, RRSP contributions and investments are once again a hot topic. The challenge that this presents for most individuals is clear – with a finite income, how does one allocate capital to acquire that net

// by Calum Ross

bad for your net? worth figure that brings you to the point where work is something you choose to do rather than need to do?

While there is no definitive answer, here are some rules that will enable you to make an informed decision. The major factors influencing the choice of options are the mortgage interest rate versus the expected return in the RRSP, the investment time horizon versus the mortgage time horizon, the availability of RRSP contribution room, and the ability to capitalize on mortgage prepayment privileges.

Given an expected RRSP return equal to or greater than the mortgage interest rate, and an investment time horizon equal or greater than the likely mortgage life, maximizing RRSP contributions generally maximizes net worth because the tax-sheltered growth of an RRSP means you get compounded growth for a long period. Conversely, as the mortgage interest rate is greater, or the investment time horizon decreases, it becomes more attractive to prepay the mortgage.

If you’ve used up all of your RRSP contribution room, you should look at whether borrowing to invest outside of your RRSP is wise. While all the same principles stated above apply, there are a couple of distinct elements to review. When considering building an investment portfolio outside of your RRSP, compare your after-tax rate of return relative to your after-tax cost of borrowing. Generally, if you borrow to invest (with the expectation of gain), the interest borrowed on that money becomes tax deductible. This means the real rate of interest to the borrower becomes one less your marginal tax rate percentage times interest rate on the money borrowed.

Next, determine your after-tax rate of return. When investing outside of RRSPs, keep in mind that not all investment income is treated equally for tax purposes, and the difference depends on your personal tax bracket.

To optimize your after-tax rate of return, seek capital gains first, dividend income second, and interest income third.

A common misconception is that wealthy people do not have mortgages.

The odds are that if you know a wealthy person without a mortgage then they likely inherited their money, do not have a good financial adviser, or are highly risk averse. With interest rates where they are today, paying off your mortgage is, in all likelihood, not a wise financial decision if your hope is to have the highest and best use of your capital.

At the end of the day, the correct formula for using debt for investing comes back to your investment objectives, personal goals and risk tolerance.

Clearly if your after-tax rate of return is greater than your after-tax cost of borrowing, then you are getting ahead financially. Furthermore, if your cash flow allows you to take advantage of the above strategies, then it can greatly assist you in your retirement planning.

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CONDO SENSE

// BY BEN MYERS

WHAT’S IN STORE FOR 2013? the first half of the year (that didn’t occur by the way). We saw reports saying Canadian real estate was 10 per cent overvalued, and we’ve also read in a number of places that the condominium market in Toronto could see a 25 per cent drop in prices.

Ben Myers is the editor and executive vice-president of Urbanation, a market research firm that has been tracking the new, resale and future condominium market since 1981. Urbanation’s new UrbanRental report on condominium apartment rental activity adds a new dynamic to their expanding range of research products and consulting services.

Urbanation is on the pulse of the highrise condominium market in Toronto.

N

ow that the holiday season is over, its forecast season!

If you look hard enough you’ll likely find housing forecasts

by Royal LePage, Re/Max, CREA, CMHC, Bank of American, and Royal Bank of Canada. You’ll also see forecasts from associate economic professors from Canadian universities, doom and gloom bloggers, and many, many more.

How does someone in the market for a new condominium make sense of all this data? Last year we saw

major banks calling for a seven to 12 per cent decline in prices in the median term (however long that is?), another called for a five per cent drop in Canadian home prices in

How realistic are these predictions and forecasts? Not very realistic, if you’ve read books on predictions, forecasts and housing by John Cassidy, Daniel Kahneman and Nate Silver.

Each of these authors has looked at the poor track record of forecasts and the experts who made them. Nate Silver points out that there are just too many unknowns in the real estate market, things that are very difficult to forecast; a recent example is the changes in the mortgage insurance rules. He also points out that several markets are “out of sample”, meaning they are so different in scale and scope to the previous year or years, that they cannot be reasonably compared (see Toronto’s new condominium market).

Silver says that many of the big and bold predictions are made in an attempt to get the forecaster on television and in the newspaper, and if that bold prediction does come true, they would receive tremendous praise and financial gain (the 25 per cent price decline forecast for the Toronto resale condominium market is a great example). A quick stat: according to Urbanation’s Condominium Market Survey, the last time the resale condominium index price decreased by more that two per cent year-over-year was in 1996.

Silver also points out that many newspapers and magazines are looking for fi ller, and many stories and articles are often written “to obscure their unimportance.” People love articles on housing, especially condos and the crash/boom dynamic, so often the run-of-the-mill data is ignored and only the data that makes the market look really good or really bad is presented. He goes on to discuss the fact “the gap between how well these forecasts do, and how they are perceived to do, is substantial,” as many readers think they are accurate, especially given the credentials of many of the folks giving them (when in reality, many have been quite poor). Few articles are ever written by these people on why their predictions failed the previous year!

I really like this quote from Daniel Kahneman in his book Thinking, Fast and Slow: “We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events. Overconfidence is fed by the illusionary certainty of hindsight.”

What does all of this mean for the average condominium buyer? Purchase a

unit you can afford and see yourself living in for five years, or buy a condo as a long-term investment – not a flip. Either way, happy condo hunting in 2013.

054 NEW CONDO GUIDE JAN 26 - FEB 9, 2013

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style file

2013

trend watch // by Yanic Simard // Photo by brandon Barré

One of the biggest influences for 2013 is the return

of the 1920s and all the glamour that comes with it – which happens to be my favourite style of all time – art deco. For those of you who aren’t particularly familiar with this era and the look that comes with it, art deco is an eclectic mix of traditional and modern elements characterized by rich colours, bold geometric shapes, and lavish ornamentation. A lot of what we’re seeing, in

terms of design for 2013, is inspired from this iconic period in time making for a harmonious, yet striking, combination of classic and current design. Aside from art deco, we are also seeing a lot of Americana, rustic and neon influences.

056 new Condo Guide jan 26 - feb 9, 2013

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Tangy, fresh, and subtly sweet Lemon Sorbet optimistically leads a new pack of 18 beautiful paint colours and has been declared the Benjamin Moore 2013 Colour of the Year Here’s a look at what we can expect to see in 2013:

Right off the runway and into the world of interior design comes a palette in an array of hues including a re-release of certain shades held over from last year. For 2013, hunter and melon greens, peachy and coral pinks, royal and cobalt blues, and creamy and mustard yellows come together mixed with hints of bolder purples and clean whites, making for a very preppy yet sophisticated look.

At right, see Benjamin Moore’s colour of the year: Lemon Sorbet

Photo: Benjamin Moore

Colour

Textiles

The intricate cut-out pattern which we call lace is making its way back onto our tables, over our windows, and is even being incorporated into our furnishings – and no, this is not your grandma’s lace. More modern geometrical and floral patterns will grace us and we’ll also start to see them come to life with colour.

Inspiration: I travelled to

Versailles last summer and drew great inspiration from the Lace Castle Guards – war-like lions covered completely with modern lace; calling these ‘furry friends’ extravagant would be an understatement.

“Lemon Sorbet is a perfect colour to begin invigorating change for 2013,” says Sharon Grech, Benjamin Moore Colour Expert.

“Colour has the power to evoke a mood and yellow, in its many variations, represents optimism and light for 2013. The colour forecast takes interior spaces in a new direction that we haven’t seen in quite some time. The move to a colourful palette that mixes juicy colours with softer hues, balanced with neutrals, brings a high-fashion feel to the home.” jan 26 - feb 9, 2013 new Condo Guide 057

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Pattern

Animal Print:

It’s not what you’re thinking.

Instead of zebra or leopard print, we will be seeing actual animal figures on our fabrics, specifically dogs and elephants.

Florals:

When it comes to decorating, having a floral pattern is a staple. This year, look out for Scandinavian-influenced buds in more modern silhouettes.

Stripes:

A huge trend spotted on the runways of the Spring/Summer 2013 collections during Fashion Week was stripes – they will be huge in home décor this year.

Lighting

Pendants, chandeliers and hanging lamps of all kinds will continue to evolve and grow. We’re beginning to see materials of all kinds utilized to make these popular fixtures, such as jam jars and rusted metal canisters, wire baskets and string all taking form into glowing, modern shapes.

My Three Favourite Hanging Lamps:

› Hudson Chandelier › Modo Chandelier › Egyptian Pendants from Snob (on top right) The Light Experience: If you really

want to get wowed by hanging fixtures, I would strongly recommend taking a trip to Paris

to the Cristal Baccarat room, a restaurant where I was lucky enough to have visited in 2012.

Many elaborate and exquisite chandeliers hover over the tables creating a warm, romantic glow that you can’t get anywhere else.

Artwork

In 2013 we will be visually impacted by the ethnic and decorative classical Chinese style with a modern edge in colour diversity, and a younger, more “popular” feel.

Embroidery and carvings in artwork will be seen due to the innovation of modern technology, giving the interior space a cultural heritage with a modern emotion.

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In 2013 we will be visually impacted by the ethnic and decorative classical Chinese style with a modern edge in colour diversity, and a younger, more “popular” feel.

Furnishings

Old furniture and accessories become new again – modern interior design trends for 2013 will reflect this and will strongly encourage us to take care of the planet and enjoy a nice blend of retro and modern interior design creating a feeling of vintage style.

Yanic Simard is the principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Simard often applies his signature high/low and old/new combination design techniques in developing unique designs. Simard has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine.

For more information visit tidg.ca.

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CREA REPORT

Canadian home sales

MOSTLY UNCHANGED IN DECEMBER NATIONAL HOME SALES ACTIVITY WAS LITTLE CHANGED on a month-overmonth basis in December 2012, according to the Canadian Real Estate Association (CREA).

CREA reported that the number of home sales processed through the MLS systems in Canada edged down 0.5 per cent on a month-over-month basis in December 2012. While sales activity was little changed nationally, it picked up in just over half of all local markets in December.

“National sales activity continues to hold fairly steady at lower levels since mortgage rules were changed earlier in 2012, but there are still some real differences in trends between and within local housing markets,” says Wayne Moen, president of CREA. Actual (not seasonally adjusted) activity came in 17.4 per cent below December 2011 levels. Four of every five local markets posted a year-overyear declines in sales activity in December. Calgary remained a notable exception; activity there rose seven per cent year-over-year.

CREA says sales were handicapped by December 2012’s five full weekends, since far fewer transactions take place on weekends. “Similar to what we saw in September, December sales had fewer business days compared to the same month last year and most other years,” says Gregory Klump, CREA Chief Economist. “It factored into December’s year-overyear decline in sales activity.”

A total of 453,372 homes traded hands over Canadian MLS systems in 2012. This was down 1.1 per cent from annual activity in 2011, and 1.4 per cent below the 10-year average (2002 through 2011).

This marks the fifth straight year that annual home sales activity has held to within short reach of 450,000 units. “Successive rounds of tightening mortgage regulations have kept the housing market in check during what has become an extended low interest rate environment,” says Klump.

060 crea numbers - crea stats-JD.indd 60

The number of newly listed homes fell a further 1.3 per cent month-over-month in December.

Combined with monthly declines of 1.1 per cent in November and 4.1 per cent in October, new supply reached its lowest level since March 2011.

With sales and new listings moving lower, the national sales-tonew listings ratio was little changed at 50.8 per cent in December compared to 50.4 per cent in November.

While Greater Toronto posted the largest decline, new listings were down in half of all local markets in December, including Greater Vancouver, the Fraser Valley and Vancouver Island.

With sales and new listings moving lower, the national salesto-new listings ratio was little changed at 50.8 per cent in December compared to 50.4 per cent in November.

The actual national average price for homes sold in December 2012 came in just under $352,800, representing an increase of 1.6 per cent from December 2011. The 2012 national average price for homes was $363,740, up 0.3 per cent from 2011.

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hot topic

// by anthony jong

416 or 905?

A Buyer’s Tug-Of-War

I Anthony Jong BA (Hons), M. Arch. is a broker who specializes in residential homes, condos and commercial properties. He can be reached at anthonyjong@live.com, online at: anthonyjong.ca, and by phone at 416.836.2821.

The 416 area has a higher density, which gives buyers a larger selection of products within their budget. There may be four to five condominium developments at a single intersection in the 416 downtown core versus one to two condominium developments in the 905.

n real estate, price and location go hand-in-hand. Aside from personal reasons such as existing family structure and/or willingness to commute for work – which quickly predetermine the area in which you decide to live – buyers are forced to make a buying decision based on price.

However, for most buyers budget remains static and location becomes one of the most crucial variables. When affordability is such a big factor of influence in the choice of housing and location, buyers begin to ask these questions: ›› W hat MORE can I get for the same amount of money in the 905 as opposed to the 416? ›› W hat LESS will I get for the same amount of money in the 416 as opposed to the 905?

THE AFFORDABILITY FACTOR Affordability is the percentage of the total gross household income that is paid towards the mortgage principal and interest payments, property taxes and utilities to keep a home. In 2012, the affordability factor rose to 33 per cent.

The last time the affordability factor surpassed this mark was in mid-2007 to 2008, and before that was in 1994-1995. With affordability in the GTA on the rise, and an all-time high in average home prices, buyers have to weigh the advantages and disadvantages of the area in which they decide to make a real estate purchase.

The following illustrates a breakdown of average prices by major home types in November 2012:

416

905

Detached

$741,480

$556,745

Semi-Detached

$583,117

$392,067

$440,930

$347,461

$350,540

$279,483

Townhouse

Condo Apartment

These figures are not surprising in that real estate prices are based on location.

It is inevitable that the closer you are to the core, the higher the average prices are for similar housing types. For example, a buyer with a $500,000 budget must determine if purchasing a townhouse in the 416 area makes more sense than a fully detached home in the 905. The townhouse may be smaller in size with a smaller yard than the detached, but is closer in proximity to amenities, workplaces, and public transit. It is common for many buyers to experience this tug-of-war before purchasing a home.

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THE GOOD IN THE 416 Close to work Commuting every day to work is not only a waste of time, but also of energy and fuel (if driving).

The estimated time that a Torontonian spends in traffic is at least seven hours per week. If you live in the 905 suburbs and travel in to the 416 core for work, expect traffic jams and long commute times every day.

Proximity to amenities Some of the best restaurants in

Toronto are in the downtown core. In addition to shopping, gyms, supermarkets, coffee shops and movie theatres close by, public transit is convenient, especially if you are walking distance to a subway line. On the contrary, most amenities are spread out in the 905 and require more time on the road travelling from one place to another.

No car, no fuss If my job was not car-dependent, I would use public transit every day. Monthly savings of approximately $800 to $1,000 per month from car payments, insurance and fuel would allow for a more expensive home in the 416. The TTC has become an essential service in Toronto, and car rental companies like Zipcars can be found in many convenient locations across the city.

Greater selection The 416 area has a higher density which, in turn, gives buyers a larger selection of products within their budget. There may be four to five condominium developments at a single intersection in the 416 downtown core versus one to two condominium developments in the 905.

Property taxes The areas of the 905 generally have a higher differential of property taxes than the 416 by 30 to 40 per cent. Newer infrastructure and public facilities in the 905 contribute to a higher property tax rate.

THE GOOD IN the 905 Price/space The price per-sq.-ft. is higher in the 416 than in the 905, which results in less square footage of living space for the same amount of money. The Canadian dream has always been a lovely house with a large backyard and a white picket fence. That may still hold true, but for a typical household with an average income, this dream is likely more plausible in the 905. Space is one of the most important considerations, so for buyers with children and extended family members, the 905 typically makes for a better decision.

Return on investment (ROI) The ROI of real estate

in the 905 in recent times has outperformed the 416.

In November 2012, the year-over-year percentage change of average prices in three-out-of-four home types within the 905 surpassed the 416 areas:

416

905

Detached

-4%

3%

Semi-Detached

4%

6%

5%

1%

4%

3%

Townhouse

Condo Apartment

Land transfer tax This can be considered an “entrance tax” that a buyer must pay to the province of Ontario. However, compared to the 905, Land Transfer Tax in the 416 nearly doubles due to the Municipal Land Transfer Tax. Even though the residential property tax in the 416 is much lower than the 905, the savings will take a buyer, on average, seven years to break even on the extra Toronto Land Transfer Tax associated with a real estate purchase in the 416.

People and more people If you don’t like neighbours and crowds, living in the 416 (particularly downtown), should not even be an option. The 905 generally has lower residential density and offers a more peaceful setting than its counterpart. And you definitely won’t experience the heavy traffic that you would in the 416 areas.

The areas of the 905 generally have a higher differential of property taxes than the 416 by 30 to 40 per cent.

Extended family Urban sprawl has caused many families to move away from the downtown core into the 905 suburbs. Choosing to live in the 416 may translate into being away from close family members and a greater commute for weekend get-togethers.

Downtown suburbs Many large condominium developments are turning into their own communities that are self-sustaining. Developments like Downtown/ Uptown Markham and World on Yonge are coupling multi-building condominiums with commercial and office spaces. Residents are able to shop, bank and find essential services, right at their doorstep.

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E-A-S-Y

THE OWNERSHIP PROGRAM:

CAN YOU AFFORD TO BUY AT THE STATION? YES YOU CAN!

These days, with rent on a 2-bedroom apartment in Toronto reaching $2,000/month and beyond**, saving for a down payment can feel next to impossible. But at The Station, our new deposit structure* makes saving a snap. So not only can you afford to buy your own place, but the place you call home can be at North York’s award winning record-breaking development. Here’s how it works.

LET’S SAY YOU’RE LOOKING AT ONE OF OUR EXCEPTIONAL 2 BED + 2 BATH SUITES. YOU GET:

• • • • • •

A sweet corner unit An enormous 175 s.f. balcony Quartz countertops Built-in Euro-style appliances A window in the master ensuite A place you won’t grow out of

YOU PUT DOWN

$10,000

THE PRICE IS A COOL $450,000, SO SAY YOU PUT DOWN 10% 10% DOWN = $45,000

10%

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WE’LL MATCH THAT

$10,000 = $20,000

WITH A $10,000 DISCOUNT OFF THE PRICE OF YOUR CONDO.

Just like that, in 25 months, your down payment will be done and you’ll be the proud owner of an amazing new condo with expansive Terrence Lucas-designed interiors, spacious balconies, and amenities like The Studio Club, fitness centre and the city’s first indoor/outdoor heated party rooms.

ONLY $25,000 TO GO.

FOR THE NEXT 25 MONTHS, YOU PAY JUST $500/MONTH TOWARD THE DOWN PAYMENT AND WE’LL MATCH IT WITH AN EQUAL $500/MONTH DISCOUNT OFF THE PRICE OF YOUR CONDO.

SAFE – The Station is already under construction.

SMART – Easy subway access and a 20-minute ride to downtown, mean condos at The Station will always be in demand.

GREAT DEAL – With this innovative down payment plan you can finally afford to own your own place.

RUN. WALK. SUBWAY. HURRY. NOW UNDER CONSTRUCTION. WILSON SUBWAY

ALLEN

RD

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On Tippett Road, south of Wilson Avenue / Mon to Thurs 12–6pm Sat + Sun 12–5pm *Conditions apply. On select suites only. See sales rep for details. Prices, specifications and deposit structures are subject to change without notice. E. & O.E. Exclusive Listing Brokerage: The Condo Store Realty Inc., Brokerage. Brokers protected. Illustration is artist impression. **Source: theglobeandmail.com

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Saving Space

// by sylvia daoust

Creative Ways to Edit Your “Stuff” entryway. Look around for any niches or alcoves where you can add shelving or modular units. Areas with storage potential can be found under stairs or windows, in bathrooms, and sometimes even above door frames.

Sylvia Daoust is a member of the Professional Organizers in Canada (POC) which specializes in Interior Storage Design. Creating spaces with smart storage to simplify your daily tasks is what they do best. Visit nichedesignsinc.com, grab your free guide and join them for weekly DIY home storage solutions.

W

hile small space living certainly has its perks – less cleaning, a lower energy bill and a cozy atmosphere, there is a flip side. Small spaces have limited storage and few places to “hide” the excess. This means you have to edit your stuff with a minimalist attitude.

You can’t afford the luxury of owning every small appliance and gadget out there, and you can only keep what you use on a regular basis. Space is at a premium, so borrow or rent the rest!

Do Double Duty Creating double-duty rooms is crucial to maximizing your small space. You may only have one spare room, so this space has to have more than one function. Murphy beds with a drawer or hanging options offer a comfortable area for guests, while still allowing space for a home office. The storage real estate in the spare closet can’t be wasted on the odd occasion a guest needs to hang a shirt. With a few added shelves, the closet could be the perfect space to store office or craft supplies, recreational gear, or perhaps the “spillover” from the master closet.

Think Multifunctional If you are in need of a few furniture pieces to better

fit your new living quarters, think multifunctional. Don’t spend your cash on pieces that fulfill only one need. Instead of a standard coffee table, opt for a storage ottoman. If you’re in the market for a bedroom suite, headboards with built-in storage are a smart idea. Avoid nasty dust bunnies from collecting under the bed and opt for drawers or open cubbies built into the frame.

Compensate Utilize wall space and create vertical storage to compensate

for limited floor space. A simple towel rod with “S” hooks mounted to the back of a door can become a home for an array of accessories. Rather than a traditional nightstand, mount a shelf or cube in addition to a reading light on the wall beside the bed. These overlooked vertical spaces can keep the small stuff off the floor and tucked away in an organized fashion.

With a little creativity and a storage design plan, even 800 sq. ft. can feel spacious! Make the most of what you have and look for hidden places where you can stretch your space. Simple changes in your home’s storage can create a more calming environment and enhance the way you live.

Use Hidden Spaces No matter the square footage, there are always hidden spaces waiting to be used in a more efficient way. An entry’s landing steps can be converted into storage drawers (visualize the fronts of each step rolling out). Having these additional drawers for outerwear helps streamline your 068 new Condo Guide jan 26 - feb 9, 2013

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YONGE AND EGLINTON

free parking

Limited time offer

on all 2 bedroom and 2 bedroom plus den suites

A Savings of $50,000*

2 bedrooms and 2 bedrooms + den starting from

$528,900 1 bedrooms and 1 bedrooms + den starting from

$382,900 SALES OFFICE LOCATED AT 90 EGLINTON AVE. EAST. Hours: Monday to Thursday 12 p.m. -7 p.m.

Friday by appointment only.

Weekends and Holidays 12 p.m. -6 p.m.

MADISONCondos.ca • 416-482-8090 Marketed by International Home Marketing Group. *See sales representative for details. Prices are subject to change without notice. Renderings are artist’s concept. E. & O. E. Brokers Protected.

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SALES OFFICE

SITE

On Site Retail:

069

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condo profile

THE MADISON OFFERS A $50,000 SAVINGS: Free parking at Yonge and Eglinton

l

et the construction begin! At The Madison, a hot new condominium development at Yonge and Eglinton, demolition of the existing structures is complete and construction is now well underway.

Madison Homes has decided to celebrate this exciting milestone by offering buyers an irresistible limited time offer: free parking on all remaining two-bedroom and two-bedroom plus den suites – a savings of $50,000.

“This is an exceptionally attractive offer, especially for a development at Yonge and Eglinton,” says Nelly Zagdanski of Madison Homes.

For the ultimate in affordability, buyers can still take advantage of Madison Homes’ reduced deposit program where purchasers need only to provide a deposit of five per cent with their offer, and an additional five per cent in 90 days. A final 10 per cent will not be owed until occupancy, which is scheduled for the summer of 2015.

The remaining suites in this incredible new residence are all situated on the recently released top floors of the West and East Towers, providing spectacular and panoramic views of the city and beyond. Sizes of the suites range from 510 to 1,045 sq. ft. and many of the remaining suites boast 10-ft. ceiling heights.

Madison Homes recently announced that Loblaws, a high-end food retailer, will occupy 40,000 sq. ft. of the development’s retail area

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those who want to keep their New Year’s resolutions can swim several laps in The Madison’s saltwater lap pool, or visit the two-story fitness gallery to either work on weights and/or power up with some cardio.

The Madison’s suite designs feature floor-to-ceiling windows, bringing natural light into the units while providing stunning views of the city and beyond. Kitchens include high-performance plank laminate flooring, sleek designer cabinetry complemented by upgraded hardware and double squareedged granite counters, designer-series glass subway tiles, and a sleek stainless steel single-lever pullout faucet. The bathrooms continue the sleekly modern styling with Caesarstone countertops and rectangular, undermount sinks, single-lever faucet, and a soaker tub or frameless glass shower enclosure. Such remarkable suites at this one-of-a-kind residence are priced from the high $300s. This is outstanding value for the new heart of Toronto.

While the suites have been designed to meet the needs of today’s urban condo dweller, so too has The Madison’s amenity program. For instance, those who want to keep their New Year’s resolutions can swim several laps in The Madison’s saltwater lap pool, or visit the two-story fitness gallery to either work on weights and/or power up with some cardio. Want to spend more time on yourself and relax? Visit the Zen rooftop garden for some quiet contemplation. For those who want to be more social, The Madison offers up a fire pit where you and your friends can hang out, and private outdoor cabanas. There is also the demo kitchen, indoor-outdoor bar

lounge, and movie theatre for a wide range of possibilities for entertaining.

Madison Homes also recently announced that Loblaws, a high-end food retailer, will occupy 40,000 sq. ft. of the development’s retail area.

That means residents of the Madison can enjoy an international food shopping experience right at their doorstep. Whether they are seeking the freshest produce and bakery items, the catch of the day, gourmet pre-prepared dinners, or deli counter delights, The Madison’s residents will have easy access to a wide variety of the best quality foods.

Anyone interested in owning a suite at The Madison should visit the sales presentation centre located at 90 Eglinton Avenue East, ground floor, open noon to 7 p.m. from Monday to Thursday; noon to 6 p.m. Saturday, Sunday and holidays; and by appointment only on Friday.

Visit madisoncondos.ca or call 416.482.8090. Brokers protected.

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FINANCES

INVESTING 101:

How to build your wealth FROM STOCKS AND BONDS TO mutual funds and GICs, deciding where to invest your money can be daunting for first-timers when faced with a dizzying display of investment options to choose from.

But moving from saving to investing can be an effective strategy to help build your wealth over time, and most people are surprised when they speak to an advisor for the first time and find that investing doesn’t have to be complicated or risky.

TD Canada Trust offers the following tips for first-time investors: 1 START SMALL You don’t have to invest large

amounts of money at a time. Look for investment options that offer a low minimum investment. Investing small amounts regularly can make a big difference in the long run.

2 DIVERSIFY Th is means you don’t put all your

3 UNDERSTAND RISK Look for investments that match the level of risk you’re comfortable with.

Remember, investing doesn’t have to be risky.

Market linked GICs, for example, let low-risk investors take advantage of the higher return potential of the stock market while guaranteeing the principal.

4 AUTOMATE A pre-authorized purchase plan

will automatically invest a set amount at regular intervals from your bank account.

Regular contributions let you benefit from compound growth, meaning you earn interest on your interest.

5 SPEAK TO A FINANCIAL ADVISOR An advisor at your local bank can help you map out your investment goals and develop a plan on how to achieve them. Consider products like mutual funds or GICs, which are managed by professionals on behalf of investors. NC

eggs in one basket. Because most people don’t have enough cash to buy a lot of different investment products themselves, buying into a mutual fund can be a good alternative.

An advisor at your local bank can help you map out your investment goals and develop a plan on how to achieve them

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the mortgage minute

// by peter kinch

why real estate still makes investing sense result is, and then ask yourself, which vehicle will move me closer to that goal? You may have a variety of arguments or reasons to choose one vehicle over another, but here are four reasons why you may want to consider real estate as your investment vehicle of choice, along with one caution: Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan Visit peterkinch.com or contact him at peter@peterkinch.com

A

new year has begun and you’re analyzing your finances, planning for the future and wondering where you can get the best return on your money. As we approach another tax season, you’ll be inundated with multiple mutual fund companies promoting the tax advantages of parking your RSP money with them. You’ll wonder about the stock market and the ongoing global issues. You’ll start to look at hard assets such as gold or precious medals. And, of course, you’ll look at real estate. The hard question is, which vehicle will produce the best results? My answer to this question will always be the same: the action is dictated by the goal.

First and foremost, it is important to understand that all of the above options are simply vehicles designed to accomplish an end result. The first step is to determine what that desired end

1

The power of leverage

Leverage is a tool that can work for you or against you, but there is no denying the fact that it is a very powerful tool. Let’s take the example of two investors sitting on $100,000 cash. » One investor chooses to put their capital into either the stock market or precious metals. If they spend $100,000 – they receive in return $100,000 in either stock or a precious metal asset. If their investment were to increase (i.e., perform) at a rate of 20 per cent over the course of a year (although I don’t presently know of any funds offering that return) their investment of $100,000 would produce a $20,000 return. » The other investor chooses to use her $100,000 cash as a 20-per-cent down payment and purchase a $500,000 property in an area that has good economic fundamentals and produces a positive cash flow every month. Let’s assume that this property increases by only five per cent over the course of the year.

That would make the value of the property $525,000 – effectively a $25,000 increase in your asset value – not including the amount of debt reduction or positive cash flow over the course of the year.

So on the surface, investor #1 had an investment that outperformed our real estate investor by four times (which would surely impress friends at a cocktail party) but actually made less money due to the fact that it wasn’t leveraged.

That’s the power of leverage.

The key is to understand that it can also go the other way – and that is the importance of having a long-term strategy and investing in areas with strong fundamentals and good cash flow.

2

Interest rates

Two keys to being able to develop a successful real estate portfolio are affordability and cash flow, and an underlying fundamental to both of those is the rate you pay for borrowing money.

The good news for Canadian investors in 2012 is that you have a virtual guarantee of continued low rates.

Due to the ongoing global credit issues, the Bank of Canada (BoC) has indicated its intent to keep rates low through to 2013. But it is important to note that the BoC can only influence the prime lending rate – which is used to determine your variable rate mortgage.

It is important for consumers to remember that the fixed rates are governed by the bond market and that although the BoC has indicated it does not intend to increase the prime lending rate, that does not guarantee that long-term rates will not rise in the meantime. A return of money to the markets will cause a drop in bond pricing followed by an increase in the

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bond yield, which will result in an increase in long-term rates even if the BoC leaves prime unchanged.

A further threat to low interest rates is that even though we will not likely see a rise in prime, we have already seen the disappearance of the discount on variable-rate mortgages.

Due to a lack of liquidity in the global markets, the cost of borrowing has increased for lenders. As such, variable-rate mortgages are less profitable and they have cut back on the discounts they offer. The net result for borrowers is that the amount you pay on a variable mortgage is not as attractive as it was a year ago.

Having said that, we need to be very clear that even without a discount, a prime lending rate at or about three per cent is ridiculously cheap and allows for great investment opportunities. There are multiple opportunities within the Canadian marketplace that can create positive cash flow as long as the interest rates are below four per cent and you can easily get a five-year term today well below four per cent, so the ability to get a cash-flowing property and lock that in for five years will be as good in 2012 as it’s ever been.

3

seeking safe harbours

As the global financial markets continue going through more drama than a daytime television show, the fallout is consumer angst resulting in low consumer confidence.

When consumers lack confidence, they tend not to make big-ticket purchases. Real estate is obviously one of those items and this alone could result in a slight drop in market values.

However, it is the exact same angst and fear that drive consumers to seek out safe harbours in a storm, placing their money in areas perceived as protected from the roller-coaster that the stock market has become. This is the reason we have seen records in the price of gold. Investors are speaking with their

pocketbooks and saying loud and clear that they are losing confidence in the market and want a tangible asset that they can own and hold. What could be more tangible than real estate and if you were looking for a safe harbour in real estate, which country would you invest in?

Canada has been seen globally as one of the few countries to have survived the last global recession relatively unscathed. In fact, our banking system and domestic economy have become the envy of the world. If fears of another global recession start to gain momentum, don’t be surprised if you start seeing more international money start to make its way toward Canadian real estate as a safe harbour – which may bode well for those who buy in early 2012 before the rush.

4

sound economic fundamentals

Regardless of where you buy real estate, you should make your purchase based on sound economic fundamentals. There is no such thing as a Canadian real estate market – it is regional. You can have solid fundamentals in one town while another within 100 kilometres could have an economy solely based on exports to the U.S.

I fully expect the American economy to be hit even harder due to the eventual fallout in Europe, but that will only impact regional Canadian economies that are dependent on trade with the U.S. to support them.

Although we are still largely an export-dependent country as a whole, there are a lot of regional pockets that have a strong domestic economy and are expected to grow in spite of global issues. Look for strong GDP growth, followed by strong employment numbers which in turn brings a strong tenant base. A strong tenant base combined with low interest rates creates the opportunity for positive cash flowing properties.

And if the property flows cash in good times and in bad, you need not worry about potential for values to fall or bubbles to burst.

The value of your property the day after you buy it is irrelevant until the day you go to sell it. If you are purchasing investment real estate with a long-term buy-and-hold philosophy, and you have purchased in an area that gives you positive cash flow, then you don’t need to worry about the hype in the headlines regarding property values. Just focus on letting your tenants pay off the mortgage over time and enjoy the cash flow when you have a free and clear asset.

So, as you look at all your financial options for the upcoming year, ask yourself first and foremost: What results do I need from the investments I plan to make? Then analyze your options in the context of your goals. If you choose real estate, simply stick to the fundamentals, take action while others worry over headlines, take advantage of low rates and use leverage wisely. Invest and don’t speculate, and both you and your children will be glad you did in the years to come. Happy New Year, and happy investing! jan 26 - feb 9, 2013 new condo guide 077

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king & bathurst the oneeleven condominium residences at king and bathurst are now over 50% sold! register today at oneeleven.ca or call 647 347 4111. presentation gallery + model suite located at 111 bathurst (bathurst + adelaide). don’t miss out on this amazing opportunity to live in king west.

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Rendering is an artist’s impression. Prices and specifications are subject to change without notice. E.&O.E. January 2012 jan 26 - feb 9, 2013 new Condo Guide 079

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industry news

Skyline to acquire interest in

BLUE MOUNTAIN VILLAGE

Skyline International Development Inc. has

announced it will acquire a strategic retail and land development interest in Blue Mountain Village.

Skyline, a leading Toronto-based developer of hospitality properties and destination communities, has entered into a binding agreement of purchase and sale and will be investing $20 million to acquire both retail and undeveloped residential land interests in and adjacent to Blue Mountain Village. The Village is at the base of Blue Mountain Resort which offers ski, golf and lodging.

Under the agreement, Skyline will acquire 50 per cent of existing commercial retail space within Blue Mountain Village from current owner Intrawest ULC. In addition, Skyline will manage the remaining 50 per cent of the Village’s retail space. Skyline will also acquire the land to build an additional 20,000 sq. ft. of retail space to expand the Village retail.

Skyline will acquire all remaining developable land in and adjacent to the Village, and plans to double the current residential and condo-hotel footprint. The company plans to develop more than 1,200 residential and condo-hotel units, townhouses

and single-family homes in the years ahead.

“This agreement reinforces our vision to be the leader in the Canadian destination-community industry,” says Skyline Chairman and President Gil Blutrich. “With this acquisition, Skyline will become the largest owner of resort and destination communities in Ontario.” He says Skyline will now own properties in the province’s five fastest-growing hubs—Toronto, Collingwood, Midland, Huntsville and Barrie—giving them 7,000 future residential units and home sites.

The anticipated closing date for the acquisition is late February 2013.

“Blue Mountain Village and real estate development is an ideal fit for our organization given Skyline’s experience as an owner and manager of other well-known Ontario resort properties such as Deerhurst and Horseshoe Resorts,” says Skyline CEO Michael Sneyd. “This acquisition not only makes financial sense and aligns with our long-term growth strategy, but strengthens our market position and creates opportunities for Skyline’s continued Canadawide expansion.”

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cmhc advice

Buying a condo

who you need on your team When you buy a condo, you’re not just buying a place to live. You’re becoming part of a community. Before you make an offer on your dream condo, Canada Mortgage and Housing Corp. (CMHC) recommends

that you get some expert advice to help you navigate through the process. CMHC has identified many industry professionals who are available to provide you with information.

Real estate agent

Real estate lawyer

Home inspector

Financial Institution

A real estate agent who specializes in condominiums can save you time, energy and help you make an offer once you’ve found the condo that’s right for you. Make sure you’re clear about who’s paying their commission and what your obligations will be once you’ve signed any agreement. Be specific about the type, features, location and price range you’re looking for in a condo.

This will allow your agent to pre-screen properties that are within your specifications.

A lawyer who is knowledgeable about condominiums can protect your legal interests, explain all the documentation and review the purchase and sale agreements. Your lawyer will determine whether or not there are any legal actions pending against the condominium. If your offer is accepted, he or she will also be responsible for many of the closing arrangements.

A qualified home inspector will go through the condominium unit and common elements and perform a comprehensive visual inspection. The inspector will determine the components that are not performing properly as well as items that are beyond their useful life or are unsafe. He/ she will also identify areas where repairs may be needed or where there may have been problems in the past.

Inspections are intended to provide you with a better understanding of a property’s condition before you buy.

All too often, people make purchase decisions too quickly in anticipation of competing offers. This can leave you vulnerable to substantial additional repair and renovation costs that a pre-purchase inspection might have detected.

Your bank manager or financial advisor can help customize your mortgage to suit your financial goals and ensure you can afford your monthly mortgage payments. CMHC’s online interactive guide, Homebuying Step-by-Step available at cmhc.ca, can help you determine what price range you should be looking at and how much you can really afford. You should also investigate the financial well-being of the condominium corporation you’ll be buying into and review the full disclosure statement.

For more information or a free copy of the Condominium Buyers’ Guide or other fact sheets on owning, maintaining or renovating your home, call CMHC at 1.800.668.2642 or visit cmhc.ca. For more than 60 years, CMHC has been Canada’s national housing agency and a source of objective, reliable housing expertise.

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homebuying

A checklist is helpful when

shopping for a mortgage »W hat mortgage features and options are best for my needs?

› a short- or long-term mortgage › a short or long amortization period › frequent or less-frequent mortgage payments › the ability to make prepayments or lump-sum payments › the option to transfer your mortgage to another home » How will different factors influence the total cost of my mortgage?

WHEN LOOKING FOR A mortgage it’s important to

comparison shop. Terms and conditions differ from lender to lender, so do shop around, compare, and select the mortgage that best suits your needs.

The Financial Services Commission of Ontario (FSCO) – the government agency responsible for overseeing the mortgage brokering industry in the province – suggests taking as much time as needed to understand all of your options. When talking to a potential mortgage provider, broker or agent, for example, you may wish to use this checklist to get answers to the most important questions.

»W hat type of mortgage is best for my needs? In particular:

› a fixed-, variable- or adjustable-rate mortgage › an open, closed or convertible mortgage

› How can I save on interest charges? › How can I change the size of my mortgage payments? › W hat fees are involved in setting up, discharging or renewing my mortgage, and how are they calculated? › What are my options if I cannot make a payment? › Is there a fee if a payment is late? › W hat penalty charges apply if I want to break or renegotiate my mortgage contract?

Your individual needs and preferences will likely raise other questions. For more helpful information on mortgages and the mortgage brokering sector, visit FSCO’s website at fsco.gov.on.ca.

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MAKE YOUR MOVE

// BY DAN HOPKINS

TOP 10 TIPS FOR MOVING WITH DOGS

Dan Hopkins is Chief Operating Officer, Two Men and a Truck Canada. twomenandatruck.ca

M

oving can be one of the most stressful events in life, so why should that be any different for your dog?

Here are 10 tips on how to move with your dog: Under no circumstances should you place your dog in the back of a moving truck. Even safely tucked in a well-ventilated pet carrier, the truck is almost always hot (even in winter) and, of course, the doors are closed.

Your dog will most likely want to play with the movers

01

02

and everyone else, so take him/her to a kennel, dog spa or have a friend or relative dog-sit at their home, before the movers arrive. Those will be the best places for your furry friend; then you can devote your total attention to your moving activities.

If your dog must be with you during your move, keep your loved one outside or out of the movers’ way. Dogs crave the attention of strangers and can create obstacles which will impede the move.

Have treats on hand for moving day to keep the dog quiet. It’s also a good way to get your dog to listen and obey. And, it’s a great idea to have water and nutritious human treats for your movers as well.

Pack a separate box of your dog’s favourite toys. Once at your new condo your dog may be frightened of the new surroundings, so having familiar playthings ready will reduce stress levels.

Don’t forget that your dog will be excited on moving day and will need plenty of water. Exercise is the best way to get your dog ready, more relaxed and calm for when the movers arrive. Depending on your dog’s age and size, draining his/her energy level may not be easy, so plan frequent walks.

Make sure you let your pet out for bathroom breaks. Nothing will ruin your moving day experience more than a “surprise” from your dog inside your new abode.

If your dog will be around during the move, let your movers know ahead of time. You’d be surprised how many people are afraid of dogs, whether large or small, and some people suffer from allergies.

After the move you will be busy unpacking, but don’t ignore your dog.

Take regular and long walks if you can to explore your new neighbourhood together, or even take short breaks from unpacking to play.

Time together will help your dog be better behaved during this change in everyone’s environment.

Have fun – moving into new digs is a time to celebrate. Have the movers take a picture of you, your family and your dog in your new condo. What a perfect reminder of the day you just shared.

03 04 05 06

07 08 09 10

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BJLRSeminarCGAdFINAL*APPROVED:Layout 1 2013-01-17 5:16 PM Page 1

BRAD J. LAMB

LIVE RENOWNED MEGA BROKER, REAL ESTATE DEVELOPER, REAL ESTATE INVESTOR Real estate sales of over $7 billion and over 20,000 properties sold $1.3 Billion of condominiums developed in Toronto, Ottawa, Montreal, and Calgary

“Toronto’s undisputed condo king”

Canada’s most quoted real estate expert

– Macleans Jan 2008

Star of the reality TV show “Big City Broker”

FREE CONDOMINIUM INVESTMENT WORKSHOP LEARN HOW TO BECOME A MULTI-MILLIONAIRE THROUGH BRAD J. LAMB’S P.O.W.E.R. INVESTING Saturday February 23, 1-4 pm

SHERATON CENTRE TORONTO 123 Queen Street West, Toronto, ON M5H 2M9

TO BOOK YOUR SEAT: ryan@torontocondos.com or call 416.368.5262 Brad Lamb has been a vital force in the “Condo Period,” helping to spur and shape the growth of the industry over his 20-plus years in the business of condominium development. — Toronto Star, April, 2012 Brad Lamb is a force to be reckoned with in the condo world. — Toronto Star, April, 2012 Toronto real estate mogul — CBC News, March, 2012

Brad Lamb: the condo king — The Grid TO, August, 2011

His name has become synonymous with condominiums — National Post, March, 2010

Known in this city as the King of Condos — 24 Hours Toronto, 2009 The real estate super salesman who personified the condominium boom in downtown Toronto over the past decade — The Globe and Mail, Report on Business, Feb, 2009

Toronto’s undisputed condo king — Macleans, Jan 2008 Toronto’s biggest condo broker — Financial Post, May, 2008 The city’s most prominent real estate agent — The Globe and Mail, May, 2008

Toronto’s biggest champion of condo living — Canadian Business Magazine, April 2008

Agent of Fortune — Marketing Magazine, Sept, 2008 jan 26 - feb 9, 2013 new Condo Guide 087

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FALL 2012

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the CITY’S BEST at YOUR DOORSTEP

Fall Issue Now Available CHAZ.YORKVILLE

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FocuS on DESiGn

Your GPS to the city’s

DESiGn DiSTricTS // bY SilVAnA lonGo & EliSA kroVbliT

iF HomE iS WHErE THE HEArT iS, the love for beautiful living spaces runs rampant across every corner of the GTA. From well-known districts to uncovering the hidden gems of the city, start the décor tour here and discover the neighbourhoods you need to visit for your next fab find.

You may come across some of our city’s finest designers sourcing for their clients or for themselves in your travels. When it comes to finding that perfect accent or custom-making that show-stopping piece of furniture, Torontonians literally have the world at their fingertips.

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North has other advantages besides bigger homes at a more accessible price — many home improvement and décor stores have burst onto the scene to furnish and service these ever-growing residential neighbourhoods. The convenience of big box stores like Home Depot, Lowes and Canadian Tire are conveniently located next to budget-friendly décor stores like HomeSense, Home Outfitters and many others. But the north isn’t ruled by suburban homogeneity, there are also a number of family owned furniture, flooring and décor shops where you can get that personal neighbourhood touch and maybe even a better price. For walls, a trip to Steeles Paint and Decorating Centre is essential; the staff is very knoweldgeable and service is impeccable. For luxury, on-trend furnishings at a fraction of the cost, make sure to drop by Elte’s warehouse in Vaughan. Nearby you will find stores like Zilli Home Interiors and so many more as you explore the decor-rich north. The Village at Vaughan Mills is a must-see where you will find stores like the Urban Barn or Hunter Douglas. The northern lights shine bright with Prima Lighting offering the latest and greatest in light fixtures. Whether you live there or not, if you’re updating a room or your entire home or just need that one special piece, it’s worth the trip to the 905.

The migration to the north and 905

West I am sure a number of local designers and décor enthusiasts favour the west when they set out on a décor hunt. From the new go-to furniture destination at Liberty Village to designer-approved faithfuls found in the Castlefield district, let’s delve into the vastness of this eclectic urban style, west of Yonge.

West is best. There I said it.

Liberty Village Once an industrial area which later evolved into a “creative

Erica Gelman Q Do you have a specific shop or go-to place for budget items?

How about a no-holds- barred carte blanche spending destination?

A For the “B” word - budget, Designer Fabrics is my primary destination when I need to source fabrics at a great price. Often, you’ll be able to find uncommon patterns and luxurious textures at a fraction of retail costs.

When it comes to carte-blanche design, Elte is the one-stop shop.

You can literally leave with your entire room completely furnished from the area rug to the accessories and artwork and all the furniture in between.

Erica Gelman | house-of-design.ca

class” employment centre, the emergence of multiple condos and lofts in Liberty Village has given rise to a host of décor shops making this location a bona fide design district in its own right. With most stores in the village catering to the small-space dweller, the trinity of must-see stores when in the area are: Casalife, the original furniture store in the village; a new Winnipeg-based EQ3 furniture store; and last and certainly not least West Elm, where styles are eclectic and you are sure to find something that appeals to your taste.

West Queen West The creative spirit thrives in Toronto’s West Queen West (WQW) district. It’s one of the city’s most visited shopping districts where you will find a variety of shops and boutiques specializing in décor amidst the local and independent fashion designers and hipster hotspots like the Drake or Gladstone Hotel. Whether it’s modern or vintage, WQW serves it up fresh. Have an affinity for mid-century? MORBA is your go-to shop for décor and lighting. Modern chic?

Pavillion. Prefer products from the who’s who in interior design? Quasi Modo Modern Furniture — this area has something for everyone. Just go. You’ll see.

Junction The revitalization of the Junction boasts a thriving home décor and antiques hub and this décor district is steadily growing every year. When it comes to an eclectic look where what’s old is reinvented with what’s new and fresh, this is the neighbourhood to watch.

One Junction staple is Cornerstone Home Interiors where you will find a mix of sophisticated vintage, Art Deco and Asian-inspired contemporary furniture.

For real upcyclers, Forever Interiors is where old and discarded gets renewed and refreshed in a new incarnation. Mjölk (translation: milk) is your go-to place for modern Scandinavian style. And so many local shops that have carved out their

yanic simard Q Do you have a specific shop or go-to place for budget items?

A All I have to say is HomeSense.

Q How about a carte-blanche destination?

A Avenue Road in Toronto. Look at their amazing glass collection, like the Angelo e Angela glass-ceramic vases. Also White Trash in New York ,which is my favourite city to go to for vintage pieces. I love to infuse vintage items in every space when appropriate.

Yanic Simard | tidg.ca

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DISTILLERY DISTRICT

JAnE lockHArT

niche — a walk around the Junction and it becomes clear that you can create or find original pieces as distinct as the neighbourhood you discovered them in. cASTlEFiElD The Castlefield Caledonia Design and Décor district is considered the grande dame of décor and design destinations in Toronto. If décor or renovations are happening in your work or life, this is the go-to place where your search inevitably begins if not only initially for inspiration and exploration of design trends that resonate most with you. The proximity to downtown and the comprehensive range of home furnishings make it a Toronto staple for professionals and consumers alike. Stores like Elte, A Special Place, Union Lighting, Shelter and Stone Tile give you a taste for what excellence in design and craftsmanship stand for. Gems like The Door Store, which is really much more than a door store, specialize in architectural pieces and restoring beautiful antique pieces and hardware. Whatever your style, there isn’t a room in your home that the Castlefield district can’t stylishly furnish. When it comes to décor in Toronto, it’s the mother ship.

Q What is your favourite hidden gem?

A Windergarden is my go-to shop for unique home accessories and gifts. I’ve been sending my clients there for years for indoor and outdoor furniture (they now sell my new jane by jane Lockhart furniture collection), lighting, art and more. Shop owner Rose Marie Harasymowycz restocks the store every season to keep it fresh and new for her customers. The shop also supports local artisans.

Jane lockhard | janelockhart.com

South Urbanites, have no fear. The condo concentration in the downtown core necessitated a burgeoning design districts to accommodate the multi-functional and condo/loft market. Living right downtown used to mean a trek out to one of the big box stores or established design districts, but now the big brands and magnates of style and comfort have come to you.

THE DiSTillErY When James Worts opened his grist mill in the Lakeshore and Parliament area and his brother-in-law William Gooderham partnered with him to create The Gooderham and Worts Distillery, the two men couldn’t have foreseen the stylish destination it would become. The gorgeous industrial Victorian architecture, with cobbled roads and open, spacious buildings, makes it ideal for the galleries, furniture markets and event facilities. From contemporary pieces offering a clean, modern aesthetic to an eclectic mix of pop and Euro influences, there’s definitely a strong and stylish décor entity in The Distillery.

kArEn SEAlY Q What is your favourite shopping district for décor/design finds and why?

A The best thing about Toronto is it is constantly growing and changing so many new little places are popping up all the time. I love previously loved stores from Leslieville to Kensington.

I can buy something and with a few tweaks – new paint, new hardware or even a new use – I can completely transform it. I always enjoy the unique finds at the DX and AGO stores. karen Sealy | sealydesigninc.com

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Yorkville – Bloor To Ave & Dav A designer destination known for its

collection of stylishly famous fashion labels, Yorkville has several décor boutiques with a perfectly distinguished answer to any opulent question. Designers Walk on Bedford is definitely a must-see on the tour when you’re working with a designer, though most businesses are only open to accredited industry professionals.

From Yorkville to Ave & Dav, antiquers and the vintage-minded will appreciate a few exceptional finds, while Weavers Art is just that – the art of rugs. This area is home to some of Toronto’s finest interior designers such as Gluckstein Design and Powell & Bonnell, signalling that the area has design pedigree. From Angus & Company on Davenport to Anthropologie on Yorkville down to William Ashley on Bloor.

Rosedale – Summerhill The hallmark of Rosedale is the independent

boutiques lining Yonge St. that offer the most spectacular finds. Stores are artful collections of furniture and décor objets d’art. Mid-century modern, Victorian finery, important pieces, and creative genius create rooms that beg to be explored carefully. Hollace Cluny, L’Atellier, Chair Table Lamp, and absolutely Absolutely.

The area has a bit of everything – but most of all it offers inspiration. Stores aren’t just stocked, they’re curated, making each show-stopping space a store to explore for the details. It’s a great starting point and ending point for décor shopping as you can hit the area up for some ideas and then end your tour to pick up a few of the must-haves that have been on your mind since you left..

heather segreti Q Do you have a specific shop or go-to place for budget items? How about a carte-blanche destination?

A Yes! The go-to shop for everything including budget items for your interior or exterior would be Direct Interiors. They have recently expanded their line of furniture to include the Dorya line from Turkey – it is simply stunning. I am particularly fond of the contemporary line and have recently specified key pieces for a current project in the works.

Heather Segre | segretidesign.com

mike niven Q What is your favourite hidden gem?

A Not really hidden but I always drop in to Hollace Cluney on Yonge Street in Toronto. With seasonal changes to the store and great pieces of all sizes and shapes, it’s alway great to drop by and see what’s new!

Mike Niven | mnidonline.com

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East The east side has been booming over the last few years. As urban sprawl

continues and a much-needed subway finally stretched east across Sheppard (and right to IKEA!) the access brought a resurgence of interest to the east. Property east of the DVP became very desirable for its proximity to the city and access to transportation routes. This prime real estate is being treated to complete gut renos, and the décor shops have moved in to support the demand.

King Street East The hottest trends and sexiest styles fill the gorgeous shops

along King Street East. This is a designer destination where you can find heavy hitting names like the UK’s iconic AGA and Toronto’s own Klaus by Nienkamper – an internationally recognized design powerhouse. Several chain brands bring their niche pieces to the urban party, touting the multi-functional furniture and low-profile sizing ideal for the urban domicile. But furniture boutiques in this area also offer originals by celebrated designers with cutting edge savvy meant for to be appreciated for their beautiful lines, sumptuous materials and true genuine design genius. As well, there is a selection of stores offering rugs, countertops, appliances, ceramics and stone – and more.

Queen Street East There’s long been some funky décor and salvage stores

along the Queen St. E. strip, from around Broadview to Coxwell, but since the area started to gentrify, a few more upscale shops have helped step up the process.

Many shops offer Mid-Century Modern and Industrial Chic, while other shops show the best of what you might consider gold medal garage sale finds. From vintage furniture and ephemera to handmade and upcycled gems, the décor inspiration also makes the trip worthwhile. There is also a mix of hardware, custom furniture and even a tile store in the mix.

jo alcorn Q What is your favourite hidden gem?

A I have started to fall in love with Design Republic and their funky, retro, modern cabin décor on Queen Street! They have one-ofa-kind pieces and a lot of local designers are showcased within.

I love supporting our local artists and finding that unique piece that you can’t find anywhere else.

Jo Alcorn | whitewashco.ca

Leaside There’s long been some great shopping in Leaside. This upscale

neighbourhood has a bit of a village feel to it in areas along Bayview, where shops servicing the community offer a bit of everything, but with the arrival of some new big box stores and large plazas in the eastern part of Leaside, it’s actually got a lot to offer when shopping for the home. Whether it’s the hardware stores on Laird, the massive HomeSense or some exotic pieces from Pier 1, there are some staple finds and great prices to be found here. The shops along Bayview Ave. offer a fun mix of things, from electronics to country chic for the boutique shop enthusiast.

Bermondsey Located on Bermondsey just north of O’Connor Dr., the strip is a renovator’s heaven. Tile outlets abound, with choices in any style, for any budget. It’s a great place to find a deal and some unusual options. The street has an interesting selection of other stores offering furniture and accessories but the gems are Habitat for Humanity’s ReStore and bargain finds at Home Again.

The ReStore funds Habitat for Humanity’s building projects. They get some new donations coming from builders and big brands, and the stock changes a lot.

They offer a bit of everything. Depending on what’s been donated, you may find a brand new fireplace insert or a gorgeous ball and claw tub. Home Again also has charitable affiliations and carries much of the same, though they’ve got a lot more in the way of discontinued lines and below-wholesale prices. Items like doors, tile, kitchens and skylights. Both take and resell anything that can be salvaged and reused from tear-downs and renos, diverting it from landfill. Whole kitchens – cabinets, countertops and all – can often be found at a fraction of the price you’d expect.

berlinda albo Q What is your favourite shopping district for décor/design finds and why?

A I love shopping for great finds in the Summerhill area. Stores I like to visit are “L’atelier, Absolutely, 1212, and Artifacts – just to name a few.

They have cool small items in these stores that can be under $20 too.

Modern items with a vintage mix!

Belinda Albo | belindaalbodesign.com

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condo watch

new releases & grand openings 36 Hazelton

by Alterra

416

Builders: If you would like to include your preview registration, new release or site opening in this feature, just email the details to susan.legge@wall2wallmedia.com

Ivory

by Plaza

Newly released Pure Platinum Penthouse Collection on Adelaide, in the heart of old-town Toronto.

Web: PurePlaza.com

Life Condominiums

by Chestnut Hill Homes

Construction has started at this luxury boutique condo in the Yorkville neighbourhood.

Web: 36Hazelton.com

A stylish, 13-storey midrise at Yonge and Merton with 149 spacious suites. Now open.

Web: LifeCondos.ca

101 Erskine

by Tridel

The Madison

by Madison Homes

A quiet sensibility in the midst of Yonge and Eglinton. Grand opening.

Web: Tridel.com/101erskine

Grand opening of Top Floors at Yonge and Eglinton.

Web: MadisonCondos.ca

Avani at Metrogate

by Tridel

One Bloor

by Great Gulf

New suite release at Metrogate’s newest address at Kennedy and Hwy. 401.

Web: Tridel.com

New suite release at this coveted Yonge and Bloor condo, now under construction.

Web: OneBloor.com

The Bond

by Lifetime Developments

Picasso

by Monarch Corp. & The Goldman Group

New release – top five floors. Introducing The City Collection at Adelaide and John. Now open.

Web: TheBond.ca

E Condos

by RioCan, Bazis, Metropia

Condominium residences on the northeast corner of Yonge and Eglinton. Grand opening.

Web: ECondos.com

Exhibit

by Bazis, Metropia, Plaza

Limited edition penthouse collection at Bloor and Avenue Road.

Web: Bazis.ca

Fuse 2

by Neudorfer Corporation

Now releasing phase two of this master- planned community in Davenport Village.

Web: FuseCondos.com

Now open, an iconic building in the heart of the evolving Entertainment District.

Web: MonarchGroup.net

Rise

by Reserve Properties

Downtown living at a mid-town price.

Grand opening and new release.

Web: RiseCondos.com

River City 2

by Urban Capital

New release of penthouses with rooftop terraces and townhomes up to 1,877 sq. ft.

Web: RiverCityToronto.com

Vivid

by Pemberton Group

Grand opening continues at Pemberton’s Vivid Condominiums at Islington and Bloor.

Web: VividCondos.com

Gramercy Park

by Malibu

An urban oasis built around a private park in North York. Move in soon.

Web: GramercyPark.ca

Imperial Plaza

by Camrost Felcorp

New suite release at Yonge and St. Clair.

Book your private appointment today.

Web: ImperialPlazaToronto.ca

continued on page 102…

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GTA Edition Jan 26 - Feb 9, 2013

Your complete source for condos, lofts and townhomes in Toronto

IN THIS SECTION Maps and listings for new condo communities in the 416 region Builder news and the latest in condos in the 416

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* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

# Builder 2 Great Gulf Homes 6 Cresford Development Corp.

11 Menkes Developments Inc. 21 Easton’s Group 32 Madison Homes 37 Cresford Development Corp.

59 Lindvest 85 Harhay Developments 117 Bazis Inc. 120 The Daniels Corporation 126 Great Gulf Homes 126 Lifetime Developments 133 Tribute Communities 137 Alterra Homes/Finer Space 140 Eden Shaw 140 45 Charles Ltd. 148 Graywood/Beaverhall Development 149 Camrost - Felcorp 171 Camrost - Felcorp 179 Mod Developments Inc. 188 Greenpark Homes 189 The Daniels Corporation 192 MintoUrban Communities Inc. 200 Freed 202 Bazis Inc. 1 Goldman Group & Lash Dev. Corp.

1 Goldman Group & Lash Dev. Corp.

1 Goldman Group & Lash Dev. Corp.

3 Concord Adex 3 Concord Adex 3 Concord Adex 3 Concord Adex 3 Concord Adex 5 Onni Group of Companies 5 Onni Group of Companies 8 Cresford Development Corp.

8 Cresford Development Corp.

8 Cresford Development Corp.

8 Cresford Development Corp.

9 Aspen Ridge Homes 11 Menkes Developments Inc. 13 Streetcar Development 14 Canalfa Group 14 Canalfa Group 15 Urbancorp Development Corporation 17 Malibu Investments Inc. 18 Urban Capital 18 Urban Capital 19 Delpark Homes 20 Menkes Developments Inc. 22 Monarch Corporation 22 Tridel Corporation 23 Tribute Communities 29 Pinnacle International 29 Pinnacle International 30 Tower Hill Development Corporation 41 Conservatory Group 46 Conservatory Group 52 Cresford Development Corp.

52 Cresford Development Corp.

52 Cresford Development Corp.

54 Times Developments Inc. 55 MintoUrban Communities Inc. 55 MintoUrban Communities Inc. 57 Lanterra Developments 58 Great Gulf Homes 62 Pemberton Group *TH: Townhomes, C: Condo

096-Condo_Maps&List.indd 1

Site Telephone TH* C* Price Range Page Finder Yonge+Richmond 416-492-7420 • from $290,000 25 16K Merton Yonge Condominiums 416-484-1900 • from $500,000 IBC 14e 365 Church menkes.com • INSERT 14I King Blue Condominiums 416-599-1355 • from $300,000 73 12N The Madison 416-482-8090 • from $390,000 69 14E Lofts 399 416-867-3999 • from $390,000 136 14L B Streets 416-532-6636 from $300,000 107 13J One Eleven Condominiums & Lofts 647-347-4111 • 79 13M Exhibit Definitive Residences 416-967-7778 • from $800,000 29 14i One Park Place Condominiums 416-955-0559 • from $200,000 47 18J X2 416-927-0080 • from $303,000 10 16J X2 416-927-0080 • from $290,000 10 16J RCM I on University 416-363-4800 • from $393,000 67 14M Post House Condominium 416-964-2777 • from $350,000 61 16L Chaz 416-922-0045 • from $320,000 41 16J Chaz 416-922-0045 • from $320,000 41 16J The Mercer 416-597-6940 • from $250,000 103 15M Imperial Plaza 416-925-2501 • 3 15I Yorkville Plaza 416-966-3003 • • 1 14H Five Condos 416-928-0555 • • from $250,000 75 15J Allure Condominiums allurecondos.ca • from $350,000 83 14F Cinema Tower Condominiums 416-203-2020 • from $450,000 15 14M 30 Roe 416-915-3812 • from $350,000 63 14D SIXTY Colborne 416-601-0060 • from $300,000 81 16L E Condos econdos.ca • from $300,000 5 14E 530 St. Clair Ave. West 530condos.com • from $344,000 12H 500 St. Clair Ave. West 416-868-0500 • from $260,000 12H the rushton rushtonliving.com • from $344,000 12H ParadeTWO Tower Residences 416-813-0999 • from $287,000 15M ParadeTWO Park Collection at Concord CityPlace 416-813-0999 • from $308,000 15M Quartz 416-813-0999 • • 15M Spectra 2 416-813-0999 • • 15N Lumen 416-813-0999 • • 15N Garrison at the Yards 416-260-2600 • from $190,000 14n West Lake 416-260-2600 • from $240,000 14N NXT 2 416-977-5300 • • from $300,000 8N NXT2/Phase Two 416-977-5300 • • from $210,000 8N Corporate 416-977-5300 • • from $300,000 8N NXT 416-977-5300 • • from $300,000 8N VU 416-970-9500 • • from $370,000 16L Pears on the Avenue 416-323-0100 • from $381,000 14I Trinity Lofts 416-690-2988 • from $330,000 19l Liberty on the Park Condominiums 416-537-0047 • from $363,000 12N Liberty Place 416-537-0047 • • from $170,000 12N Westside Lofts 416-516-5848 • from $180,000 12m LTD 416-601-2223 • from $310,000 14M River City 416-862-0505 • • from $250,000 18L River City 2 416-862-0505 • • from $250,000 18L Broadview Villas 416-429-7888 • from $490,000 19g Fabrik 416-591-7700 • from $250,000 14M Picasso on Richmond 416-495-3549 • from $280,000 14M Ten York 416-596-9888 • 12F The College 416-363-4800 • from $300,000 M14 Success Tower at Pinnacle Centre 416-360-0673 • from $750,000 17m 33 Bay Residences at Pinnacle Centre 416-925-3325 • 17m Churchill Park Condominiums 416-966-9080 • from $900,000 13H Infinity Condominiums 416-214-1988 • from $250,000 16m Milan 416-928-7409 • from $520,000 15I CASA 416-977-1100 • from $710,000 15L The Bloor St. Neighbourhood 416-977-1100 • from $600,000 15L CASA 2 416-977-1100 • from $250,000 15L The 500 Condos + Lofts 416-960-0606 • from $400,000 17I King West 416-367-5464 • from $210,000 14M 775 King West 416-367-5464 • from $330,000 14M 3018 Yonge In Lawrence Park 3018yonge.com • from $390,000 14B Monde mondegreatgulf.com • from $300,000 17M The Uptown Residences 416-987-3500 • from $950,000 16J

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to (416) 789-9554

1/22/13 7:02:24 PM

# 64 64 66 66 66 70 70 73 73 74 78 81 81 83 83 85 88 94 99 100 101 101 102 103 103 104 106 106 109 109 110 114 115 115 117 117 118 120 120 122 124 128 129 130 131 132 132 134 135 135 136 139 141 142 143 144 144 145 145 150 151 151 151 152 152 153 153 153 153 153 154 155 155 156 157 160 162 163 165 170 173 173 175 179 182 182 184 184 185 186 187 188 190 191 193 195 195 197 198 198 200 202 202 207 208 210 215 216 217 218

B

Lamb Conte EEmsatec N M State Freed Freed C Empire Lamb Lamb Tridel Tridel C Fernbrook DH G Treas Lamb H Pla M Lifetime Aspen Conte Conte The The G Pla Empire Empire M Pla Pemberton The The The Pinnacle Lifetime Concert Triangle Tridel Trib Trib Trib G M C Paralla BS Andrin M H Lamb Longo Lamb Aspen City Fernbrook Fernbrook Lamb N Urban M Lamb N Alit Tre Lifetime Lifetime Aragon C Eniro Pianosi Pl Sorbara Streetcar M M Sorbara G Lifetime Centre Reser Reser Pemberton Streetcar Tofni G Cresford Tri Bu Lifetime Centre Streetcar G M C Rio M Reser BS C Du Tridel Torbel Sonterlan M

*TH: To C: Con

Builder

16K 14e 14I 12N 14E 14L 13J 13M 14i 18J 16J 16J 14M 16L 16J 16J 15M 15I 14H 15J 14F 14M 14D 16L 14E 12H 12H 12H 15M 15M 15M 15N 15N 14n 14N 8N 8N 8N 8N 16L 14I 19l 12N 12N 12m 14M 18L 18L 19g 14M 14M 12F M14 17m 17m 13H 16m 15I 15L 15L 15L 17I 14M 14M 14B 17M 16J

9-9554

*TH: Townhomes, C: Condo

Site

Lamb Development Corp.

Context Development Inc. E-Park Development Emsatec Canada Inc Neudorfer Corporation Madison Homes State Building Group Freed Freed Carlyle Communities Empire Communities Lamb Development Corp.

Lamb Development Corp.

Tridel Corporation Tridel Corporation Carttera Fernbrook Homes/Cityzen Dev. DHD Developments Great Gulf Homes Treasure Hill Homes Lamb Development Corp.

Harhay Developments Plaza Menkes Developments Inc. Lifetime Developments Aspen Ridge Homes Context Development Inc. Context Development Inc. The Brownstone Group of Companies The Brownstone Group of Companies Great Gulf Homes Plaza Empire Communities Empire Communities Metropia Plaza Pemberton Group The Daniels Corporation The Daniels Corporation The Daniels Corporation Pinnacle International Lifetime Developments Concert Properties Triangle West Development Tridel Corporation Tribute Urban Living Tribute Communities Tribute Communities Graywood Developments Mod Developments Inc. Canderel/Stoneridge Parallax Investment Corporation BSaR Ltd Andrin Homes Matthew Kinsella Custom Homes Inc. Hyde Park Homes Lamb Development Corp.

Longo Corporation Lamb Development Corp.

Aspen Ridge Homes Cityzen Fernbrook Homes Fernbrook Homes Lamb Development Corp.

Niche Development Urban Capital Malibu Investments Inc. Lamb Development Corp.

Niche Development Alit Developments Tre Memovia Developments Lifetime Developments Lifetime Developments Aragon Properties Castlepoint/Cityzen/Fernbrook Enirox Group Pianosi Developments Plus Development Group Sorbara Group Streetcar Development Mizrahi | Khalili Developments Mizrahi | Khalili Developments Sorbara Group Graywood Developments Lifetime Developments Centre Court Development Reserve Properties Reserve Properties Pemberton Group Streetcar Development Tofni Developments Greenpark Homes Cresford Development Corp.

Tri-Win Developments Inc Burnac Corporation Lifetime Developments Centre Court Development Streetcar Development Great Gulf Homes Menkes Developments Inc. Carttera Rio Can Metropia Reserve Properties BSaR Ltd Castlepoint/Numa Dundee Kilmer Developments Tridel Corporation Torbel Group Sonterlan Mansouri Living

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

096-Condo_Maps&List.indd 2

Telephone

TH* C*

Price Range

Page

The Brant Park 416-703-7271 • from $250,000 King West - The Lanes contextkingwest.ca • from $250,000 Foundry Lofts 416-531-7760 from $399,000 Brownstones on the Park 416-531-7760 • from $320,000 Brownstones 416-531-7760 • from $300,000 The Upper Canada Condominium 416-489-5194 • from $1800,000 The Upper Canada Condominiums 416-489-5194 • from $1800,000 455 Adelaide West - Fashion District Lofts 416-603-6166 • • from $280,000 Fashion House 416-366-0560 • from $250,000 Beach Hill Residences 416-422-0880 • • from $200,000 Schoolhouse 416-979-1333 • from $595,000 Worklofts 416-368-5262 • from $243,000 Flatiron Lofts 416-368-5262 from $243,000 300 Front Street West 416-217-0300 • from $324,000 Reve 416-514-2710 • from $334,000 One Eleven Condominiums & Lofts oneeleven.ca • Pier 27 Waterlink 416-367-3456 • from $300,000 Condos at The Distillery 416-361-1322 • from $400,000 One Bloor Residences 416-922-0081 • from $535,000 Block liveatblock.com • The King East 416-368-5262 • from $300,000 East Condos & Lofts 416-368-5262 • from $310,000 King West kingwestlife.com • from $346,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 Market Wharf 416-861-8181 • from $260,000 Library District Condominiums 416-861-8181 • from $222,000 Brownstones in Davenport Village 416-531-7760 from $245,000 Brownstones on the Park 416-531-7760 • from $260,000 Charlie 416-927-9772 • from $251,000 Ivory On Adelaide 416-862-0888 • from $279,000 Fly Condos 416-979-1333 from $310,000 Condo Living Store 416-979-1333 • Exhibit Definitive Residences 416-967-7778 • from $800,000 Exhibit Definitive Residences 416-967-7778 • from $800,000 U Condominiums 416-546-6605 • from $250,000 One Park West 416-955-0559 • from $406,000 Paintbox Condominiums paintboxcondos.ca • Festival Tower 416-203-2020 • from $350,000 The Pinnacle on Adelaide 416-596-1600 • Bisha Hotel & Residences 416-637-2211 • from $300,000 88 Scott 416-216-8588 • Art Condos 416-535-7775 • from $230,000 Two Old Mill 416-645-7022 • from $356,000 1717 Avenue Road 416-430-1717 from $1550,000 1717 Avenue Road 416-430-1717 • from $1295,000 Queen & Portland 416-363-4800 • from $315,000 5 St. Joseph 416-928-0555 • • from $250,000 5 St. Joseph 416-928-0555 • • from $250,000 DNA 3 416-929-1030 • from $220,000 Downtown 416-598-5088 • from $210,000 12 Degrees 416-408-1200 • from $350,000 The Berwick 416-922-9425 from $280,000 The Grove 416-824-3390 • from $840,000 Riverside Towns 416-214-2000 • from $400,000 Riverside Towns 416-214-2000 • from $400,000 KEW Beach Living 416-690-0101 • • from $350,000 KEW Beach Living 416-690-0101 • • from $350,000 Studio on Richmond 647-352-7736 • from $300,000 Backstage on the Esplanade 416-777-2533 Backstage on the Esplanade 416-777-2533 Vero verocondos.ca from $250,000 Theatre Park 416-422-0333 • from $380,000 Theatre Park 416-422-0333 • from $490,000 Tableau Condominiums 416-591-8887 • • from $450,000 Tableau Condominiums 416-591-8887 • • from $350,000 King Charlotte 416-422-0333 • from $466,000 King Charlotte 416-422-0333 • from $312,000 Tableau Condominiums tableaucondos.com • • from $350,000 Carmelina 416-423-8500 • from $250,000 Yorkville Condominiums 416-987-3222 • • from $550,000 The Bond Condominiums 416-546-7525 • • from $300,000 Showcase showcaseliving.ca • from $210,000 L Tower 416-777-2533 • from $410,000 707 Lofts 707Lofts.com • • from $255,000 Perspective Condos 416-242-3500 from $300,000 King + Condos 416-366-5464 • from $304,000 thirtytwo Camden 416-860-0060 • from $240,000 8 Gladstone 416-690-9009 • from $250,000 133 Hazelton Residence 416-487-9863 • Model Suite of the Month 416-487-9863 • 210 Simcoe 210simcoe.com • Five Condos 416-928-0555 • • from $250,000 Karma 416-551-2744 • from $180,000 Karma 416-551-2744 • Rise 416-546-7399 • from $290,000 Model Suite of the Month • Neon 416-987-7878 • from $210,000 The Carlaw 416-690-8588 • from $200,000 Nero 416-792-6418 • from $300,000 Allure Condominiums allurecondos.ca • from $350,000 1000 Bay 416-485-3000 • FAD Condos 416-815-1818 • from $250,000 South Hill on Madison Condominiums southhillonmadison.com • from $200,000 INDX 416-987-4639 • INDX 416-987-4639 • The Carnaby 416-690-9009 • from $250,000 TUX greatgulf.com/register • from $250,000 Noir menkes.com • SIXTY Colborne 416-598-7775 • from $300,000 E Condos econdos.ca • from $300,000 E Condos econdos.ca • from $300,000 109OZ 416-531-4844 • from $280,000 The Hill 416-408-1200 • from $260,000 The Sterling thesterling1919.com • • from $200,000 Canary District Condominiums 416-603-7576 • from $200,000 101 Erskine 416--480-0700 • • from $250,000 Wallace Walk wallacewalktowns.com • from $210,000 The St Clements 416--778-7070 • • The Perry 416-926-7555 • from $390,000

Finder 14M 14M 9I 9I 9I 14G 14G 14L 14L 23J 13i 20J 20J 15M 15M 13M 17N 18L 15I 12K 18L 18L 13N 15I 15I 14J 17M 17M 9j 9J 14M 17L 14M 14m 14i 14i 15K 18J 18J M14 15M 16m 17M 12N 5L 13D 13D 15I 16J 16J 12N 15N 15L 14D 11O 19K 19K 24J 24J 15M 17M 17M 17M 16M 16M 15L 15L 15L 15L 15L 23J 15G 15G 19K 17L 12K 4H 16L 14L M12 14I 14I 15M 15J 15K 15K 12H 12H 14D 19K 13L 14F 15J 14M 13I 16M 16M 12M 15M 15M 16L 14E 14E 12M 11E 9L 18L 14E 9L 21K

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to (416) 789-9554

torontoregionalmaps: Toronto, East York, York

# 64 64 66 66 66 70 70 73 73 74 78 81 81 83 83 85 88 94 99 100 101 101 102 103 103 104 106 106 109 109 110 114 115 115 117 117 118 120 120 122 124 128 129 130 131 132 132 134 135 135 136 139 141 142 143 144 144 145 145 150 151 151 151 152 152 153 153 153 153 153 154 155 155 156 157 160 162 163 165 170 173 173 175 179 182 182 184 184 185 186 187 188 190 191 193 195 195 197 198 198 200 202 202 207 208 210 215 216 217 218

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1/22/13 7:33:59 PM

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torontoregionalmaps: North York

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

098

#

Builder

6 121 122 123 124 2 4 4 4 4 6 6 6 6 8 9 14 21 28 33 34 37 40 43 43 50 50 86 94 95 96 96 99 101 122 125 128 130 132

Concord Adex Liberty Development Corp.

Lanterra Developments Brandy Lane Homes Tridel Corporation Torbel Group Tridel Corporation Tridel Corporation Tridel Corporation Tridel Corporation Concord Adex Concord Adex Concord Adex Concord Adex Conservatory Group Conservatory Group Torbel Group Tridel Corporation Tridel Corporation Castle Royale Development Malibu Investments Inc. Norstar Group of Companies Menkes Developments Inc. Monarch Corporation Monarch Corporation MintoUrban Communities Inc. Devron Developments Canderel/Stoneridge DHD Developments Aspen Ridge Homes ELAD Canada ELAD Canada The Brown Group of Companies Kantium Development Lanterra Developments Fram Building Group The Daniels Corporation Tribute Communities Fram Building Group/Cadillac Fairview

*TH: Townhomes, C: Condo

096-Condo_Maps&List.indd 3

Site

Telephone

TH* C*

Price Range

Page

Corporate 416-813-2999 • • from $210,000 38-39 World on Yonge 905-771-7010 • from $290,000 36 Treviso II 416-787-8882 • from $200,000 55 The Station 416-398-9777 • from $450,000 66 Trio at Atria 416-645-8866 from $258,000 IFC The Avanti Condominiums 416-636-0400 from $375,000 Hullmark Centre 416-733-2883 • from $524,000 Avonshire Parkside 416-730-0300 • • from $579,000 Aristo at Avonshire 416-730-0300 • Aristo2 at Avonshire 416-730-0300 • from $299,000 Tango at Concord Park Place 416-813-2999 • • from $236,000 Discovery at Concord Park Place 416-813-2999 • Discovery II at Concord Park Place 416-813-2999 • • from $210,000 Tango2 at Concord Park Place 416-813-2999 • from $265,000 Pearl Condominiums 416-512-1818 • from $200,000 Platinum Towers 416-512-1818 • from $340,000 Diva DivaCondo.com Argento 416-663-1818 • Alto at Atria 416-645-8866 • from $288,000 The Palm Condominium Residences 416-306-1000 • from $400,000 Gramercy Park Condominium Residences 416-703-2202 • from $600,000 Portrait Condominiums 416-282-9600 • from $300,000 Gibson Square 416-730-9722 • from $363,000 Ultra at Heron’s Hill 416-495-3548 • from $200,000 Yorkland at Heron’s Hill 416-495-3548 • from $300,000 88 416-915-3805 • from $235,000 Flo Condominiums 647-799-0356 • from $250,000 Aura At College Park 416-962-8688 • from $500,000 Gooderham 416-361-1322 • from $410,000 Scenic on Eglinton 416-805-1781 • from $190,000 Emerald City Condominiums 416-492-0001 • from $250,000 Dreamtower At Emerald City 416-492-0001 • from $290,000 Willow Park at Bayview 416-221-6767 • from $466,000 Posh Condominiums 905-771-0134 • from $544,000 Treviso Condominiums 416-787-8882 • from $200,000 LIV Lofts 416-445-5638 • from $250,000 NY Place 416-221-3939 • from $250,000 Canterbury 647-352-2130 • • from $700,000 Flaire Condos 416-445-8868 • from $320,000

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Finder 22C A18 12F 12D 24C 17C 18D 18D 18D 18D 22C 22C 22C 22C 17C 18C 11C 22e 25D 17B 13E 13C 17C 25D 25D 18c 18c 16K 18l 23G 24C 24C 21 16A 12F 22F 19C 19F 22F

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to (416) 789-9554

1/22/13 7:02:27 PM

# 7 28 28 42 50 2 4 6 7 8 10 11 11 13 15 18 20 24 25 26 29 33 34 35 37 38 39 42 44 45 45 45 46 46 46 51 55 56 60 61 61 62 65 70 71

Bu Great Liberty Empire Tridel Pemberton Henderson M Conser M Pemberton Lash Camrost Camrost Green Graywood M Da M Qu Georgian M Empire Bea Tridel Ame City M Tridel Tridel Edilcan Edilcan Edilcan Remington Remington Remington Alterra Tridel Phantom Yo VH VH Royale M First Lash

*TH: To C: Con

1

2

3

4

5

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8

20

21 22

Humberline Dr

Islington Ave

e

Kipling Ave

al

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vd

Dixon Rd

Rathburn Rd

8

44

19

45

d

Bloor St W

Queensway

70

Park Lawn

35

50 14 51 34

Royal York Rd

Dundas St W

11 53 3 56 39 4 33 37 6

Gardiner Expressway Evans Ave

65

Lakeshore Blvd W

Site Telephone TH* C* Price Range Page Finder One Sherway Condominiums 416-695-3535 • from $273,000 22-23 16G Terrace on Danforth 416-987-7575 • 37 2F Eau Du Soleil empirecommunities.com/eaudusoleil • from $220,000 6-7 25B Ventus at Metro Gate 416-293-5535 • from $251,000 BC 4c Vivid 416-239-8200 • from $350,000 9 23F Centro 416-296-1898 • from $185,000 6D Nautilus at Waterview 416-495-3544 • from $400,000 25H Altitude 416-321-1659 • from $230,000 25H One Sherway Condominiums 416-695-3535 • from $273,000 16G Palais at Port Royal Place 416-239-8200 • from $260,000 23F Cloud 9 Condominiums cloud9condos.ca • from $250,000 22B ilofts at Mystic Pointe 416-251-8888 • from $310,000 25G California Condos 416-251-8888 • from $242,000 25g Princeton Manor 905-849-1818 from $210,000 6G Ocean Club 416-255-4663 • from $250,000 25C Lago 416-495-3544 • from $346,000 24c Eleven Superior 416-259-8882 • from $200,000 23C Summerside mattamyhomes.com • • from $159,000 3F Watermark 416-354-2221 • from $320,000 19D King’s Way at Swansea Village 416-766-4683 • from $188,000 24G Encore 416-495-3543 • from $200,000 5D Beyond The Sea Star Tower Condominiums 416-979-1333 • • from $400,000 24H Evolution 416-747-9691 • from $250,000 22G Parc Nuvo at Essex 416-231-0999 • from $398,000 22g South Beach 416-252-3000 from $209,000 25H Harmony Village Sheppard 416-493-0123 from $170,000 2C Waterscapes 416-495-3544 • from $390,000 26H Metrogate Townhomes 416-293-5535 • • from $427,000 4C West Village 416-620-1887 • from $260,000 21F One Valhalla 416-233-5554 • from $239,000 21F Thunderbird 416-233-5554 • from $240,000 21F Triumph At One Valhalla 416-233-5554 • from $230,000 21F IQ IQcondos.com • from $190,000 22G The Masters mastercondos.com • from $200,000 22G Park Towers at IQ 416-253-5838 • from $200,000 22G Westwood Condominiums westwoodAlterra.com • from $300,000 23F Avani At Metrogate 416-293-5535 • from $248,000 4C Jade Condominiums 416-762-8818 • from $250,000 24G Nature’s Path 416-745-6686 • • from $270,000 11E 2150 Condos 416-750-2150 • from $189,000 3E Haven On The Bluffs 416-2621-9555 • from $160,000 3E Lexington 416-638-8444 • from $240,000 21C South Shore mintosouthshore.com • from $300,000 22H Qube Condos 647-351-7823 • from $200,000 24G Me 647-693-7563 • from $150,000 8D

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

096-Condo_Maps&List.indd 4

d

Etobicoke

409

Scarborough

ett R Scarl

Westway

ll R Mi

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40

27

2A

Horner Ave

*TH: Townhomes, C: Condo

26

1

401

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

9-9554

10

46

Builder Great Gulf Homes Liberty Development Corp.

Empire Communities Tridel Corporation Pemberton Group Henderson Development Limited Monarch Corporation Conservatory Group Menkes Developments Inc. Pemberton Group Lash Group of Companies Camrost - Felcorp Camrost - Felcorp Green Hill Homes Graywood/Beaverhall Development Monarch Corporation Davies Smith Mattamy Homes Queenscorp Residences Georgian Monarch Corporation Empire Communities Beaverbrook Homes Tridel Corporation Amexon Development Corporation City Core Monarch Corporation Tridel Corporation Tridel Corporation Edilcan Development Corp.

Edilcan Development Corp.

Edilcan Development Corp.

Remington Group/Brown Group Remington Group Remington Group Alterra Homes/Finer Space Tridel Corporation Phantom Developments Your Home Developments VHL Developments Ltd. VHL Developments Ltd. Royale Grand Woodbine Developments MintoUrban Communities Inc. First Avenue Properties Lash Group of Companies

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22C A18 12F 12D 24C 17C 18D 18D 18D 18D 22C 22C 22C 22C 17C 18C 11C 22e 25D 17B 13E 13C 17C 25D 25D 18c 18c 16K 18l 23G 24C 24C 21 16A 12F 22F 19C 19F 22F

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East Ave Port Union Rd

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Beare Rd

RD

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427 Morrish Rd

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Galloway Rd

St. Clair Ave

Orton Park Rd

Bellamy Rd

McCowan Rd

Markham Rd

Lawrence Ave E

Scarborough Golf Rd

Dr rton

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* Due to scale restrictions, locators are d approximate. Please see builder’s ads n R for 1 locations. sto exact ng

Victoria Park

g

71 Brim

Eglinton Ave E

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29

Progress Ave

14

Sheppard Ave E Conlins Rd

2

Brimley Rd

Warden Ave

Pharmacy Rd

e

61

Birchmount Rd

d

Kennedy Rd

Ellesmere Rd

401 Midland Ave

42 55 401 31

Milner Ave

13

Meadowvale Rd

3

Sheppard Ave E

Ave

Morningside Ave

evin

McL

12 Reesor Rd

Huntingwood Dr

c

11 Sewells Rd

Finch Ave E

b

10

Neilson Rd

McNicoll Ave

9

Tapscott Rd

McCowan Rd

A

7

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to (416) 789-9554

torontoregionalmaps: Scarborough, Etobicoke

099

1/22/13 7:02:28 PM

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y Valle Don ay Parkw

Univ

ne

ve ina A Spad

s dow

in erin Duff

Land

D

12 18ay 9 8 22 essw r 5 p 1 x E 14 7 r e 1 7 Gardin shore Lake W d lv B

16

QEW 2

6

F

G

G

Toronto Waterfront

H

H

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

waterfrontmaps: TORONTO

I

100

#

Builder

Site

Telephone

TH* C*

Price Range

Page

8

CONCORD ADEX

Spectra

416-813-0999

•

•

1

PEMBERTON GROUP

Park Lake Residences

416-769-4343

•

•

from $250,000

3F

2

MONARCH CORPORATION

Nautilus at Waterview -

416-495-3544

•

from $400,000

5f

3

CRESFORD DEVELOPMENT CORP.

NXT2/Phase Two

416-977-5300

•

•

from $210,000

4E

3

CRESFORD DEVELOPMENT CORP.

NXT at Windermere By The Lake

416-977-5300

•

6

PLAZACORP/BERKLEY COMMUNITY

West Harbour City

7

LIFETIME HOMES

8

38&39

Finder 14F

•

from $300,000

11F

westharbourcity.com

•

from $327,000

13E

Waterparkcity – Neptune

416-203-3700

•

13f

CONCORD ADEX

Grand Parade 2 at Concord CityPlace

416-813-0999

•

14F

8

CONCORD ADEX

Lumen

416-813-0999

•

•

14F

8

CONCORD ADEX

Quartz

416-813-0999

•

•

14F

8

CONCORD ADEX

ParadeTWO Tower Residences

416-813-0999

•

from $287,000

14F

8

CONCORD ADEX

Grand Parade at Concord CityPlace

416-813-0999

•

from 293,000

14F

8

CONCORD ADEX

Panorama at Concord CityPlace

416-813-0999

•

from $389,000

14F

8

CONCORD ADEX

Panorama Elite Suites at Concord CityPlace

416-813-0999

•

from $1,135,000

14F

8

CONCORD ADEX

ParadeTWO Park Collection at Concord CityPlace

416-813-0999

•

from $308,000

14F

8

CONCORD ADEX

Luna Vista at Concord CityPlace

416-813-0999

•

from $2,213,000

14F

9

CONSERVATORY GROUP

Infinity Condominiums

416-214-1988

•

from $250,000

14F

11

URBAN CPITAL

River City 2

416-862-0505

•

from $250,000

16E

14

CANALFA GROUP

Liberty Central by the Lake

416-537-0047

•

from $200,000

10F

14

CANALFA GROUP

Liberty on the Park Condominiums

416-537-0047

•

from $363,000

10F

15

MALIBU INVESTMENTS INC.

LTD

416-601-2223

•

from $200,000

12F

16

CAMROST FELDCORP

California Condominiums

sunsetcondos.ca

•

from $280,000

24C

18

FERNBROOK HOMES/CITYZEN DEV.

Pier 27 Residences On The Lake

416-367-3456

•

from $300,000

11F

21

GREAT GULF

Monde

mondegreatgulf.com

•

from $300,000

15E

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

100-101-Waterfront Maps & List.indd 102

•

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to 416-789-9554

1/22/13 7:19:37 PM

J

K #

Bu

18

M

25 QU

28 EM

5

UN

8

CH

10

PE

11

M

13

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14

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15

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Co

Bu

og

Scug

Phillip Murr

Manvers

Telephone

TH* C*

Page

monarchgroup.net 48

•

from $280,000

insert

416-354-2221

•

from $320,000

111

Scugog

Finder 24C

Newcastle 19D

Rd ge id

W

Br

Rd

e or sh

ke

ly Bay

E

ya

Ro

W Rd e

or sh ke

La

Do Co na r ld nwa E ll R Rd d Rd

e

or

28 EMPIRE COMMUNITIES

Eau Du Soleil

empirecommunities.com/eaudusoleil

•

Whitby from $210,000 Oshawa

5

UNITED LANDS

Stonebrook Condominiums

905-822-8858

•

from $270,000

9E

8

CHESTNUT HILL DEVELOPMENT

San Francisco By The Bay

905-831-3631

•

from $180,000

23J

10

PEMBERTON GROUP

Bluwater Condominiums

416-987-8800

•

from $350,000

5J

11

MONARCH CORP.

Waterscapes

416-495-3544

•

from $390,000

25C

13

GREEN HILL HOMES

Princeton Manor

905-849-1818

•

from $210,000

6G

14

PHANTOM DEVELOPMENTS

Jade Waterfront Condos

416-251-0707

•

from $250,000

24G

15

GRAYWOOD DEVELOPMENTS

Ocean Club

416-255-4663

•

from $250,000

25C

Eleven Superior

416-259-8882

•

from $200,000

23C

6&7

401

25B

14F 14F

•

14F 14F 14F 14F 16E 10F 10F 12F 24C 11F 15E

554

20 DAVIES SMITH *TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

100-101-Waterfront Maps & List.indd 101

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to 416-789-9554

waterfrontmaps: GTA

14F

101

1/22/13 7:35:56 PM

Ritson Rd S tS eS

Price Range

Lake

Bloor

co

Park Rd S

Bloor St

Olive Ave

Sim

La

St

n

ee

Qu

ds Q or ue Dr en

in lW

Sh Sp eri ea da km n P an ark Tr us Dr D r co tt Dr

ac M Rd

rs

sh

ke

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La

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W St as

Eg

al W Rd bu rn

th

Ra

Th eC ol leg ew ay

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W Rd nd

Du

W

Rd

Ce re m on i

Br ita nn ia

W

Rd ry De r

pe or

Up pe r

Park Rd S

Centre St.

Stevenson Rd

Whitby 7 Waterfront

Thornton Rd

Wentworth St

Gibb St

Lindsay

Uxbridge

Central Park

Adelaide Ave

King St W Bond St W

Kendalwood R

Schomberg

8

401

arrard Rd Garrard

King

Hopkins St

48

Blair St

Cannington

Rossland Rd

g Rd ing annin Mann M

arden St Blair SSt Garden

a

Bradford Tecumseth and Lago Tottenham

Brock St S Henry St Gordon St

Georgina Island 33 cay Bob Ajax-Whitby

Shoal Point Rd

ew

riv

eD

Lak

400

n geo

Bayly St E

Georgina Keswick

Cochrane St

Sim

Westney Rd S

e 401

co

Pickering Beach Rd

Harwood Ave

Finley Ave

ke

La

Dundas St E

Mary St N

th

Dryden Bv Anderson St

m

Beatrice

Brock St N

ha

Taunton Rd W

n of Tow Town Whitby

Bv Bv

Oro

McQuay

Kingston Rd

Ritson Rd N

tN eS co Sim

Stevenson Rd

Garden St

Baldwin St S

Country Lane

Conlin Rd

Rossland Rd

Townline ownline Rd

Mara

udley Rd Audley

rn

25

Town Oshaw

Thornton Rd

15 20 18

1

Lakeshore Blvd W

Church St E

Thickson Rd

Coronation R

Lakeridge Rd

Salem Rd

Bu

8 Concession

Baldwin St N

Royal York Rd

Park Lawn Cedarbrook T

St

W

W sA ve le ee St

Dr

n ee Qu

Stevenson Rd

Duffs Rd

26

Garrard Rd

lin rn R a to M ha th n at Av he m bu th rn e so or R d n Du pe Bl E vd Th nd Rd e as W Qu St ee E ns w ay

an ni a

u

W St

Br it

y7

Hw

Garrard Rd

12

Rd

Ashburn Rd

25

Village of 16 28 Evans Ave Gardiner Expressway Brooklin 12 1411

Horner Ave Rossland/Winchester R

East Gwillimbury Further North Waterfront

9

24

Taunton Rd WWaterfront Etobicoke

Town of Ajax 11

9

Cochrane

9

Alliston,

Adjala Watermark

23

Queensway

Halls Rd N

QEW

Audley Rd

Fifth Conces 12 11 9

Magill Dr

Barrie

22

Country Lane

Lake Ridge R

d ll R

Salem Rd

Ravenscroft

93

7

21

* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.

Delaney Dr Church St S

10 25 QUEENSCORP RESIDENCES

Mono

7

69

400

20

Dundas St W

Westney Rd N

Church St N

Shelburne

Squires Beach Rd

MONARCH CORP.

14F 14F

Riverside Dr Notion Rd

18

19

Brawley Rd Bloor St W

Mississauga Taunton Rd E Waterfront Orillia

400

Beeton, Site

89

Rd

16 Sideline

14F

0

13f

Builder

Essa

18

Columbus Rd

Bracebridge

Montgomery F

Tosorontio Everett

K #

Brock Rd

D

Hwy 5

11F

Brock Rd

nt

Sandy Beach

J

90

Angus

5f

13E

Brock Rd sR Oak jor Ma Valley Farm

Rd

14F

Whites Rd

u1g0 em ou

ak

rlo

Bu

Ro

Granite Court Waterfront Lisle

17

6 Concession

Vespra 401 Liverpool Rd

24 ingsto K

I

4E

27

Sunnidale Oakville

d nR

ra

27

Wasaga Beach

Sheppard Ave

th

69

Glenanna Rd

Appleview Rd

Sprduce Hill R

ne

Stroud's

7 Concession

w

Greenwood Rd

Rd

ate Highview Rd

11

Rossland Rd

Liverpool Rd

6

Li

Rd

Finder

13

16

4 Sideline R

n io at St

St

ng ill Finch hAve G

15

QEW

Tay

nR Devo

14

8 Concession

400

4

a

Midlandd

Fairport Rd

tti

5

4ord Concession Dr Ford

Dixie Rd

Altona Rd

m

Hine

Rd

Rd

25

No

Ind

EW

Oakville Kerr

13

Dr

W QECa

Brock Rd

e

d Rd RRosebank

ne Li

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Gon te Rd Thornbury

7 Rd

Q 3 Concession

Georgian Bay

Br

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3 40

Rd ne Whites Rd Li

ne Li

6

4

F

Rd

5 Concession

9

8

4 Concession Tr af al ga rR d

Rd is av

l da in

Altona Rd

E

Tr e

W ol fe da le

City of Mississauga Mississaug erinag Pick

Co Rid lon ge ial D WhitevalewRd ay r Dr

D

Ce nt ra lP kw y H E ur on ta rio St

16 Sideline

M Dr 7issConncession iss au ga Rd

Er

C

ek

te

4 Sideline

B

re

e

6 Sideline

illc

Fi

11ldga 12

10

d 12 Sidelineie R Paddock Rd ix D

M

9

Ranforth Dr

M

M

y Rd vd w North Rd Bl h Rd w Nort Pk ie ill s itv ch ill ur ed M 32 Sideline n Cr Ch 32 Sideline i n Er y to kw ns r sP D Wi ill d M oo Rd in w en ne Li Ed 10

A

a

3

0 8 4

Myrtle Rd W Rathburn Rd

Mi

Er

4

lv

7n B

so

e th

20 Sideline Rd

01

6

n

5

ke m To

4

24 Sideline

3

9 Concession

4 Sideline R

Rd y ed nn St 28 Sideline Ke rio ta on ur 30 Sideline H

2

t arlet

hy

1

3F

1

40

9 Concession

dE

16 Sideline Brock Rd Cen tral St

10 e S y Av

rc

0

41

condo watch

continued…

previews & registrations The Britt

by Lanterra Developments

Condos with European flair coming soon to Bay and Wellesley. Register now.

Web: SunsetCondos.ca

California Condos

by Camrost Felcorp

Register now for the Sunset Collection at California Condos in south Etobicoke.

Web: SunsetCondos.ca

The Carnaby

by Streetcar

Inspired by London; coming soon to trendy Queen West. Register now.

Web: CarnabyLofts.com

Cinema Tower

by Daniels

416

Builders: If you would like to include your preview registration, new release or site opening in this feature, just email the details to susan.legge@wall2wallmedia.com

World-class condo in the heart of the Entertainment District. Register now.

Web: CinemaTowerCondos.com

Context King West

by Context

Coming soon to King West – community and design for everyone. Register now.

Web: ContextKingWest.ca

Dragon Condos

by Ideal Developments

Register now to enjoy “legendary living” at Dundas and Spadina.

Web: DragonCondos.com

Eau Du Soleil

by Empire Communities

Surfacing soon: one of Canada’s tallest and most iconic waterfront condos. Register online.

Web: EauDuSoleilCondos.com

The Epicurean

by Monarch Corp.

A stylish new condo for local foodies in Bloor West Village. Register now.

Web: MonarchGroup.net

Fabrik

by Menkes

Register now for this fashionable new condo, steps from Toronto’s trendy Fashion District.

Web: Menkes.com

FAD Condominiums

by Tri-Win

Fashion District Condominiums, coming soon to this trend-setting hot spot.

Web: FadCondo.ca

Imperial Plaza

by Camrost Felcorp

Sixteen-foot loft living at Yonge and St. Clair.

Register today.

Web: 16FootLofts.ca/cg

Indx Condos

by Lifetime & CentreCourt Developments

Coming soon to Bay and Adelaide. Register now to stay informed.

Web: IndxCondos.com

Jade Waterfront Condos

by Phantom Developments

Opening soon on the Etobicoke waterfront. Register now to stay informed.

Web: JadeWaterfrontCondos.com

Noir Condos

by Menkes

Coming soon to the heart of Toronto, at Peter and King. Register now.

Web: Menkes.com

One Park Place

by Daniels Corp.

Coming this spring, the “one” place to be in downtown east. Register now to stay informed.

Web: DanielsOneParkPlace.com

Sixty Colborne

by Freed Developments

A block from everything at King Street East and Church Street. Register now.

Web: SixtyColborne.com

South Hill on Madison

by Burnac

Coming soon to the coveted Casa Loma neighbourhood. Register now.

Web: SouthHillOnMadison.com

Tao

by SigNature Communities

Boutique condos on Bayview in Richmond Hill.

Coming soon.

Web: TaoCondos.ca

Ten York

by Tridel

Rising above it all at York and Harbour.

Register now for your private oasis.

Web: TenYork-condos.ca

Tux

by Great Gulf

Rising 40 storeys at King and Blue Jays Way. Take the next step – register now.

Web: GreatGulf.com/register

The Upper Canada Condominium

by State Building Group

Coming soon, affordable luxury at Avenue Road and Lonsdale. Register now.

Web: UpperCanadaCondo.com

Vivid

by Pemberton Group

Affordable luxury living at Bloor and Islington.

Register now.

Web: VividCondos.com

Yorkville Plaza

by Camrost Felcorp

Grand opening at this iconic address.

Offering the best things in life right outside your door.

Web: YorkvillePlaza.com

102 new Condo Guide jan 26 - feb 9, 2013

094_102 condo watch 416-JD.indd 102

1/22/13 4:02:32 PM

NOW UNDER CONSTRUCTION DOWNTOWN’S ROARING SUCCESS ADELAIDE ST. W.

WELLINGTON ST. W. WINDSOR ST.

NEW PRESENTATION CENTRE: 24 MERCER ST. MON-THURS: 12–6PM FRI: CLOSED SAT–SUN: 12-5PM

CLARENCE SQUARE

MERCER ST.

UNIVERSITY AVE.

416.597.6940

NEW JOHN ST.

THEMERCERCONDOS.CA

KING ST. W. BLUE JAYS WAY

CONDOS AT KING & JOHN FROM THE MID $200’S*

SPADINA AVE.

VISIT THE NEW PRESENTATION CENTRE TODAY!

WIDMER ST.

PETER ST.

Excitement is building at THE MERCER, with construction under way on downtown’s most successful condominium. A great selection of Suites from studios to 3-bedrooms still available.

PEARL ST.

FRONT ST. W.

EXCLUSIVE BROKER MILBORNE REAL ESTATE INC. BROKERS PROTECTED. *PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST CONCEPT. E.&O.E.

jan 26 - feb 9, 2013 new Condo Guide 103

MERC 27421Condo Guide FA.indd 1

2012-12-11 10:00 AM

103-Greywood-Mercer 05-01-13.indd 103

1/21/13 11:38:24 AM

quick tips

// by hellen buttigieg

freeing yourself

Start the new year by

T

here is so much build-up at the end of the year that it can almost feel like a race to the finish line. Then January 1st arrives, the social calendar calms down, and the cocooning begins as you prepare to ride out the rest of the winter. Before you jump right back to everything you were doing before the holidays, take some time to look around and decide what needs to change.

Not that you have to go making grand resolutions for the new year – unless that’s your thing – but look at it as an opportunity to free yourself of things that weren’t working for you. Try new methods that may improve your life in little, noticeable ways.

Hellen Buttigieg, CPO, is a Certified Professional Organizer, life coach, TV host and owner of We Organize U. Visit her website, WeOrganizeU.com, for a free e-Book on how to find more time, energy and inner peace.

Contact Hellen at 905.829.2219 or info@WeOrganizeU.com

Ever wonder how to motivate yourself to tackle that daunting task you’ve been putting off? Rather than dwelling on the chore itself, turn your attention to how you will benefit once the job is done.

Get clear on the year ahead If setting New Year’s resolutions is not your thing, there’s another way of defining what you’d like your life to look like: create a vision board. Get some magazines, glue and a poster board and start cutting and pasting images that you feel drawn to or that represent something you’d like to be or have in your life. If you would like to learn more about the power of these dream boards, check out my blog post, Creating a Dream Board (WeOrganizeU.com) End procrastination by knowing your payoff Ever wonder how to motivate yourself to tackle that daunting task you’ve been putting off? Rather than dwelling on the chore itself, turn your attention to how you will benefit once the job is done. If you can come up with two or three compelling ways your life will be better as a result of completing what you’ve been procrastinating on, you will find the inspiration to take action.

Make your ‘someday’ a reality How many times have you wistfully said, “Someday, I’d like to…” It’s interesting how we often procrastinate on doing the things we most want to do. We continue to put it off because something more pressing always seems to come up. But life is short, and habitually putting off doing those meaningful things that bring us joy can literally suck the life right out of us.

One thing that I find very effective is to catch myself when I say I’d like to do something, and immediately pull out my calendar and schedule it in, even if it’s not for another month or two… or even six. The trick is to allow enough time to prepare for the event in advance and, once the date approaches, treat it as you would any other appointment you’ve booked with someone important – keep it.

104 new Condo Guide jan 26 - feb 9, 2013

104-105 column-Hellen Buttigieg January - fresh year-JD.indd 104

1/22/13 3:39:36 PM

than you had hoped and, besides, there’s usually some recourse. See it as a great learning experience and move on. One effective decisionmaking technique is to ask: “What’s the worse thing that can happen if I make the wrong decision?” and “Can I live with that consequence?”

This usually puts the decision into perspective and helps you make it confidently.

Walk around your home to determine where the clutter hot spots are, then remove the clutter (toss it in a box or laundry basket for now) and put something beautiful in its place, like a vase or a sculpture. If it’s the dining room table, set it as if you were having a dinner party. This will deter you from using it as a drop zone.

Make decisions fearlessly Clutter often represents unmade decisions. Many people struggle with indecision because of the fear of making a mistake (especially perfectionists).

It may seem easier to avoid making the decision, but by doing so you are deciding to procrastinate and stay stuck. Whenever possible, make decisions as you go along – before they accumulate. Although there’s no guarantee you will make the right decision, you will be taking the option that appears to be the right thing to do at the time. Avoid berating yourself if the outcome is less

Eliminate your clutter hot spots We all have certain spots in our homes that have become magnets for clutter, usually because they provide a convenient, empty, flat surface to pile things on. Walk around your home to determine where the clutter hot spots are, then remove the clutter (toss it in a box or laundry basket for now) and put something beautiful in its place, like a vase or a sculpture. If it’s the dining room table, set it as if you were having a dinner party. This will deter you from using it as a drop zone. Walk around your home with the box you tossed everything into and deposit these items where they belong – in the garbage or recycle box, or stored elsewhere in your house. If they don’t have a proper home, create one.

Save money by getting organized A lot of people think that getting organized can be expensive, but the opposite is true. Getting organized saves you money since you can see what you own and you won’t waste money buying duplicates. Going through the sorting process also brings awareness to how much stuff we actually own, which will make us think twice before bringing more items into our homes.

jan 26 - feb 9, 2013 new Condo Guide 105

104-105 column-Hellen Buttigieg January - fresh year-JD.indd 105

1/22/13 3:39:38 PM

FINANCES

Building your best

FINANCIAL FUTURE AT EVERY AGE time of life, financially.

For example, perhaps you’ve graduated without any debts because you decided to remain living in your parent’s home.

Now you’ve got a couple of part-time jobs and you’re looking to rent a place with a friend. Or maybe you have a lot of school debt, but you lucked out on a high-paying job and you rent a very expensive palace alone. For the first time, you’re in charge of your financial decisions – and that can be overwhelming.

Sometimes it’s easier to relax your discipline, but then this can lead to bad habits that can leave you feeling very financially insecure in your thirties, forties and beyond. The experts at Desjardins Group have some great ideas on how to stay financially disciplined through every age.

YOUR TWENTIES ARE A VERY EXCITING

TWENTY-SOMETHING

Do you know where your money goes? By getting a handle on your spending now will benefit you in the long-term. The best way to do this is to create a simple and flexible budget. Make a list of your income and expenditures like rent, groceries, utilities, transportation, savings, fun and clothing. Also include a line for debt and for retirement savings. You might wonder why since retirement is decades away. But if you leave the money alone in a high-interest account, your money will grow thanks to compounding interest.

THIRTY-SOMETHING

You have more purchasing power now that you’re established in your career. But that means it’s easy to pack on the debt, too.

Perhaps you’ve leased a car, you’ve taken a couple vacations, and maybe you’ve just had a really big wedding and a baby or two. If you were a diligent saver in your twenties, chances are you have a pile of cash put aside for that pile of bills on your desk. If the opposite is true, then it’s time to shut down the debt before it snowballs into your forties. Try to pay off your credit cards each

month, too. Or aim to pay more than the minimum.

And always apply any new found money to your debt.

During this decade also, try to put as much as you can afford into an RSP. You’ll really appreciate it in your forties.

FORTY-SOMETHING

Now that your debt is under control, how are your savings?

Did you put away as much as you could for retirement and for emergencies? If you have kids, did you consider starting an RESP for their postsecondary education? If you were too focused on reducing your debt in the last decade, there’s still some time to catch up. Speak with a financial advisor about setting up an education fund for your child and about the best strategies for building your retirement savings.

For more information about these tips and to access financial calculators, visit Desjardins Group online atdesjardins.com. NC .

106 NEW CONDO GUIDE JAN 26 - FEB 9, 2013

106 finances-building your best financial future at every age-JD.indd 106

1/22/13 3:39:41 PM

s n i w he s t t t e a e r r t a s B. e Ye h t f As! o B t H c e O j o 2 Pr 201

This must be what it feels like to win big at the Academy Awards! On September 24th, B.streets was recognized with five awards at the 2012 OHBAs in Collingwood, the Oscars of the real estate world.

Our big wins included Best Ad Campaign, Best Logo, Best Brochure, Best Sales Office, and Project of the Year! We proudly share this honour with all of our supporters. There is still a great selection of incredible suites available. Book your private appointment today and make B.streets your home base.

NOW UNDER CONSTRUCTION. From the low $300’s.

By appointment at 385 Madison Avenue

MACPHERSON AVE.

AVENUE RD.

Condos at Bloor & Bathurst

PRESENTATION CENTRE

MADISON AVE.

B streets

™

BATHURST. ST.

BSTREETSCONDOS.COM 416.53.CONDO [ 532.6636 ]

DAVENPORT RD.

DUPONT ST.

BLOOR ST.

B streets Condos at Bloor & Bathurst

EXCLUSIVE BROKER: MILBORNE REAL ESTATE INC. PRICES & SPECIFICATIONS SUBJECT TO CHANGE WITHOUT NOTICE. E.&O.E. CREATIVE: LA-ADS.COM

jan 26 - feb 9, 2013 new Condo Guide 107

107-Lindvest-Bstreets 11-17-12.indd 107

1/21/13 11:38:27 AM

designer tips

// by lisa canning

maximize your budget

W

Lisa Canning is a designer and owner of Lisa Canning Interiors. lisacanning.ca, 416.587.9780

pictured below

Budget Blinds budgetblinds.com/ SouthEastToronto

hen a new client starts working with us, one of the first conversations we have is about their budget. It’s important that we know what the total allocated funds are for a project so priorities can be made and funds distributed accordingly. For projects large or small, there will always be a bottom line. With experience, I’ve learned a few ways to maximize budgets of all sizes, and to deliver a finished room that helps my clients enhance their quality of life.

The first way I help my clients maximize their budget is through defining their priorities. In one of our first conversations, I ask clients to name five things they want to see changed in their space, and to list them in sequential order. We do this at the very beginning to ensure we are making the best decisions with the funds available. Listing priorities forces clients to narrow their focus and ensure those five things are top quality. Even in the largest of budgets, unexpected situations can occur. Focusing on a limited list of “must-haves” for a project helps to ensure quality pieces can be acquired to serve the individual needs of the users.

The second way I ensure my clients’ dollar is spent wisely is by working with experienced trades. Experienced trades will often point out ways to save

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my clients’ money. For example, when I design custom cabinetry or wall units, my millworker will advise small alterations that won’t impact the overall aesthetic, but will save the client money because it uses slightly less material and produces less waste. In addition, experience has shown me that seasoned trades make fewer mistakes. It doesn’t mean they don’t make any mistakes — but experience is a great teacher.

Another way I am able to ensure funds are spent in the best possible way is in careful utilization of colour and pattern. For example, installing patterned wallpaper on a feature wall will reduce the need for art or other pattern in the room. On a similar note, I wrap many of the small spaces I design in deep, saturated hues. I find that a bold colour choice makes such a strong statement that other elements used in the room can be more demure. Moreover, a technique I have used in spaces with more limited budgets is to emulate the

Even in the largest of budgets, unexpected situations can occur. Focusing on a limited list of “must-haves” for a project helps to ensure quality pieces can be acquired to serve the individual needs of the users.

look of wallpaper with paint. Stripes or stencils and a bit of sweat equity can yield stunning results.

The final way I help clients get the most out of every purchase is through being resourceful and thinking outside of the box in regard to materials. I recently worked on a project where the budget would not allow for wallpaper, as window coverings were higher on the list of priorities. Working with a window covering specialist from Budget Blinds, we selected a patterned roller shade that provides the function needed for the large windows, and when pulled down, injects the pattern that is achieved with wallpaper. With the large expanse of windows I am dealing with in this situation, I get form and function in one purchase.

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Scrumpdillyicious

Leslie Styles, foodie and travel aficionado, shares some delicious dishes found on her travels around the world

Cheddar, Scallion & Chive Biscuits ingredients

Makes 12 biscuits

› 2 1/4 cups all-purpose flour › 2 1/2 tsp baking powder › 2 tsp sugar › 3/4 tsp baking soda › 1 tsp salt › 1/4 tsp cayenne

› 6 tablespoons cold unsalted butter, cut into 1/2-inch cubes › 2 cups Cheddar, coarsely grated › 3 scallions, finely chopped › 3 tbsp chopped chives › 1 1/3 cups wellshaken buttermilk

Directions Preheat oven to 450°F. Whisk together flour, baking powder, sugar, baking soda, and salt in a bowl, then blend in butter with your fingertips until mixture resembles coarse meal.

Stir in cheddar, scallions and chives.

Add buttermilk and stir until just combined.

Drop dough in 12 equal mounds about two inches apart onto a large parchment lined baking sheet.

Bake in the middle of the oven until the tops are golden brown and the biscuits are cooked through, about 18 to 20 minutes.

Serve hot or warm with some fresh butter close by!

moist, savoury and delicious, these Cheddar, Scallion and Chive Biscuits are wonderful with a bowl of hot soup on a cold winter day, or served on their own, slathered with butter as they come out warm and fragrant from the oven. Quick and easy to prepare, this recipe calls for a handful of dry ingredients that are blended together with butter then tossed with cheddar, chopped scallions, minced chives and buttermilk, to form a stiff batter. The dough can be made ahead, covered and set aside until needed, then simply dropped in small mounds onto a parchment lined baking sheet and baked for about 20 minutes, until they become puffed up and golden brown. Lovely and crispy on the outside, with a moist, cheesy and pillowy centre, these heavenly little biscuits are way too easy to make and completely addictive.

Leslie Styles is president of Styles Design Inc., a Toronto-based branding and communications agency, and author of Scrumpdillyicious, a food & travel blog dedicated to all things delicious. She can be reached at stylesdesign.net and scrumpdillyicious.blogspot.com

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trend report

// by evelyn eshun

technology trends in design

Evelyn Eshun is Principal of Evelyn Eshun Design in Toronto.

She is known for her custom-designed residential projects throughout the GTA that showcase the space and bring out the best in you. evelyneshun.com

Lighting is truly key in interior design and I am happy to say that people are becoming more aware of the importance of investing in proper lighting when designing their homes.

A

nother new year is upon us and we our seeing quite a few trends taking shape for the year ahead. Trends evolve and transform through the seasons – influenced by a variety of factors such as media, fashion, etc.

These days, technology is a very strong influence in our lives and it is influencing the manufacturing process and the features of many products.

Technology is also important in design and it is being seen more and more in bathroom spaces. With the daily stress in our lives, your bathroom can now offer you the type of stress relief you need to get through the day.

Showers come with their own remote control where you are able to control the temperature and pressure of jets even before walking into your shower, as well as the music through Bluetooth technology.

I adore this one: VibrAcoustic technology brings the transformative force of music into the bathroom. Soundwaves displace water, creating vibrations

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and allowing sound to resonate.

Simply put, you can enjoy your favourite tunes through the water in your bathtub and also the soothing benefits of chromatherapy through the use of LED light. Music, light, vibration – it’s the ultimate relaxation formula!

How about this feature? A television within your mirror so that you do not miss a single moment of your favourite shows.

Available locally at Lumidesign, this technology is not new, but certainly perfected by this company.

Mirrors are outfitted with LED technology to provide television viewing. When wall mounted, the unit sits 1.75-inches off the wall.

The ideal installation is where the product is hardwired directly into your existing power line, however, it can be plugged in upon request.

Lighting is truly key in interior design and I am happy to say that people are becoming more aware of the importance of investing in proper lighting when designing their homes.

LED (light emitting diode) lighting offers a multitude of advantages over traditional light sources including lower electricity consumption, a longer lifetime, higher durability, no ultraviolet and infrared radiation, low heat and smaller size. The flexibility of LED is limitless – it can be applied under cabinets in your kitchen, along staircases. It not only looks good, it is also a great safety feature. I love this new trend and I know I will be offering more LED lighting options for my clients this year.

I’m really excited and inspired by the extent of what technology can offer the design of our interiors. This allows designers to make your home work better for you. It transforms your home into the sanctuary that it should be and provides conveniences like never before.

113

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condo watch

previews & registrations Allegra

by Nova Trimax

Skycity Condominiums

by Pemberton Group

Affordable luxury, steps from the Village of Woodbridge. Construction started..

Web: AllegraCondos.com

A master-planned urban community in Richmond Hill Web: SkyCityCondos.com

Centro Square

by Liberty Development

Upper Village Markham

by Greenpark

A master-planned community in the heart of Woodbridge. Register now.

Web: CentroSquare.ca

The Clairington

by Castleridge Homes

Now registering, UV2 – the North Tower.

South Tower is already 90 per cent sold and under construction.

Web: UV2.com

Active adult living in a parkside condominium in Brampton.

Web: TheClairingtonCondos.com

905 Builders: If you would like to include your preview registration, new release or site opening in this feature, just email the details to susan.legge@wall2wallmedia.com

Courtyards of Maple

by Marino/Intercity/TriAxis

European-inspired condos coming soon to Maple. Register now to stay informed.

Web: CourtyardsOfMaple.com

Fairground Lofts

by Wycliffe Homes

Urban lofts are coming to Woodbridge Village.

Register now for preview.

Web: FairgroundLofts.ca

Grand Palace

by Guizzetti Corp.

Register now for the timeless art of living!

Now under construction.

Web: GrandPalace.ca

Limelight

by Daniels Corp.

Coming soon: The final glorious chapter of Mississauga’s beaming success story.

Web: LimelightCondos.com

new releases & grand openings Garden Court Condos

by Monarch

Now open in Markham. Visit the Experience Centre at 10350 Woodbine Ave. Web: MonarchGroup.net

PSV2 & Parkside Village Townhomes

by Amacon Developments

Offering the convenience of downtown living with the tranquility of a suburban context.

Grand opening.

Web: LifeAtParkside.com

Park City Condominiums

By Tobyn Park Homes

Currently in pre-construction at Walkers Line and Upper Middle Road in Burlington.

Register now.

Web: ParkCityLiving.ca

Pinnacle Uptown

by Pinnacle International

Construction has started on Mississauga’s live-work-play community. Register today.

Web: PinnacleUptown.net

Rain Condominiums

by Empire Communities

Coming soon to Oakville – the South Tower at Rain Condominiums. Register now.

Web: RainCondos.com

114 new Condo Guide jan 26 - feb 9, 2013

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1/22/13 4:02:35 PM

GTA Edition Jan 26 - Feb 9, 2013

Your complete source for condos, lofts and townhomes in the 905 region

IN THIS SECTION Maps and listings for new condo communities in the 905 region Builder news and the latest in condos in the 905

115 CG 905 Sec-JD.indd 93

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oximate.

#

Builder

Site

17 Pemberton Group

Downtown Erin Mills Condominiums

30 Pinnacle International

Telephone

TH* C*

Price Range

Page

Finder

PembertonGroup.com

•

from $250,000

8

6C

Pinnacle Grand Park

905-276-3981

•

from $250,000

119

20L

34 Pinnacle International

Pinnacle Uptown, Crystal 2

905-568-9000

•

from $250,000

127

19K

38 Tridel Corporation

Ventus at Metrogate

416-293-5535

•

from $302,000

BC

19J

39 The Daniels Corporation

Limelight Condominiums

905-306-6996

•

from $200,000

14

21L

•

from $250,000

16M

from $340,000

20J

•

1

Pemberton Group

Miracle in Mississauga

905-603-6300

3

Castle Group

Tuscany Gates

905-501-9557

4

Conservatory Group

Mirage

905-232-2400

•

from $250,000

20K

6

Conservatory Group

Widesuites

905-897-8536

•

from $375,000

21K

8

Fernbrook Homes

Absolute Vision

905-803-0556

•

from $188,000

21k

8

Cityzen

Absolute Vision

905-803-0556

from $188,000

21K

•

21K

•

•

10 AMACON

The Residences at Parkside Village

lifeatparkside.com

12 Alterra Homes

Renaissance in Olde Brampton

905-454-7222

•

from $215,000

13d

12 Alterra Homes

Renaissance in Olde Brampton

905-454-7222

•

from $215,000

13d

14 Pemberton Group

Rosedale Village Golf & Country Club

905-799-5000

•

from $190,000

12e

16 Vandyk Communities

Windows on the Green

from $275,000

19N

18 Retirement Lifestyle Communities

Palisades on the Glen

905-820-8210

•

from $290,000

17M

19 United Lands

Stonebrook II

905-822-8858

•

22n

21 Casino Bay Dev. Corp./Toddglen

Panoramic Point at Brewery Bay

27 Inzola Group

•

1-866-611-5525

•

from $264,000

7Q

Park Place

905-451-7001

•

from $310,000

14G

30 Pinnacle International

Pinnacle Grand Park 2

905-276-3981

•

from $250,000

20L

31 Pemberton Group

Bluwater Condos

416-987-8800

•

from $350,000

17T

32 Armour Heights Developments

River’s Edge

905-533-2400

•

from $285,000

14A

35 Ashley Oaks Group

Emporium at Joshua Creek

905-618-0660

from $200,000

17P

36 Mady Development

Market Town Condominiums

705-719-1222

•

from $144,000

5r

38 Tridel Corporation

Metrogate - Ventus 2

416-293-5535

•

from $302,000

19J

45 Empire Communities

Rain Condominiums

raincondos.com

•

from $400,000

17Q

46 Mattamy Homes

The Mount Pleasant Village

mattamyhomes.com

•

from $200,000

20M

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

096-Condo_Maps&List.indd 6

•

•

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to (416) 789-9554

905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North

26

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A

2

3

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12

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14

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16

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26

Key Maps

Major Mackenzie

15

Aldergrove Dr

404

Kennedy Rd

40 Nova Trimax

Warden Av e

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45

34

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18 Ave

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35

Site The Fountains

Cachet Pkwy

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16th Ave.

32

Steeles Ave E

24 Liberty Development Corp.

Elgin Mills Rd

Leslie St

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Clark Ave W

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5

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Leslie St

Neal Dr

Centre St

23

4

Thornhill Henderson Av

44

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407

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118

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24 1

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25

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28

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Teston Rd

Nashville Rd

Jefferson Sideroad

Keele St

Kirby Rd

24

401

400

Jane St

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c

Weston Rd

Cold Cree

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King-Vaughan Rd

To wn of Ajax

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Yonge St

King Rd

23

To wn of W hitby

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21 22

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Denison St

Price Range

905-731-8302

•

from $272,000

Royal Gardens

905-889-9997

•

Allegra

905-850-6866

•

Page

Finder 37

10F

from $229,000

37

14f

from $250,000

121

1F

43 Guizzetti Developments

Grand Palace

905-907-4370

•

125

12E

44 Liberty Development Corp.

Centro Square Condos

905-851-8877

•

35

4G

46 Empire Communities

The Mark

themarkcondos.ca

•

from $200,000

49

21E

monarchgroup.net

•

from $250,000

16D

905-948-9900

•

from $180,000

18f

1

Monarch Corporation

Garden Court

3

Remington Group

Downtown Markham - Rouge Bijou

4

Tridel Corporation

Renaissance of Richmond Hill

416-736-9500

•

from $720,000

12G

5

State Building Group

Promenade Park

905-709-3352

•

from $410,000

10g

6

Uppercity Village

Greensborough Village

905-489-9964

7

MintoUrban Communities Inc.

WaterGarden

416-915-3800

•

9

Amicorp

•

•

Terraces on the Park

905-265-8739

10 Great Lands Corp.

The Beverly Hills Resort Residences

905-882-6636

11 Triaxis Development Inc/Marino Developments

Courtyards of Maple

416-798-7070

15 Emery Condominiums

The Essential

20 Solmar Development Corp

Bellaria Residences

22 Quadra Mgt. & Sceptre Devs.

22 Wycliffe Homes

from $249,000

23e

from $254,000

11G

from $210,000

3f

from $250,000

13F

•

from $390,000

8E

905-887-4888

•

from $250,000

20E

905-417-8482

•

from $240,000

7e

Renaissance Court at Woodbridge Gates

905-851-4220

•

from $230,000

3G

Fairground Lofts

905-605-5900

•

from $287,000

3G

26 Rice Development

Ambria

905-796-3630

•

from $340,000

3F

28 Chestnut Hill Homes

San Francisco by the Bay

905-831-3631

•

from $180,000

22C

31 Pemberton Group

Miracle at Yonge

905-709-5700

•

from $280,000

12F

31 Pemberton Group

Sky City

905-709-5700

•

from $300,000

12F

32 Signature Communities

TAO Boutique Condos

905-597-2535

•

from $200,000

14F

34 Sierra Homes

68 Main Street

905-305-0822

•

from $250,000

22F

35 Remington Group

Nexus North Condominium Residences

905-948-9900

•

from $200,000

17F

41 Quadcam Development Group Inc

Vista Parc Condominiums

905-850-8883

•

42 Greenpark Homes

The Upper Village

905-554-6501

•

from $288,000

21E

45 Kylemore Communities

The 6th Angus Glen

905-887-9950

•

from $455,000

19E

*TH: Townhomes, C: Condo

096-Condo_Maps&List.indd 7

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

•

•

3F

Attention Builders - Want to add your community to our maps?

Need to update existing information? Please fax the details to (416) 789-9554

1/22/13 7:02:43 PM

THANK YOU FOR YOUR OVERWHELMING RESPONSE TO OUR PREVIEW REGISTRATION PROGRAM

PINNACLE GRAND PARK THE M

ID

's

$200 FR O M

ON SALE NOW Unveiling Pinnacle Grand Park 2, the encore presentation architecturally complimenting the inaugural tower and fortifying its place

N O W

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within the Mississauga cityscape. This sleek 48-storey building showcases a variety of suite types of all styles and layouts.

FROM THE MID

$ 200's

Sales Centre & Model Suites: 3981 Grand Park Drive, Mississauga Phone: 905.276.3981

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pinnaclegrandpark.ca Rendering is artist’s concept only. Photos for mood and impression only.

See Sales Representative for details. E. & O.E. 2012.

119

119-Pinnacle-GrandPark 11-03-12.indd 119

1/21/13 11:38:44 AM

your mortgage

become ill, lose your job, get divorced or lose a partner. According to the Financial Services Commission of Ontario (FSCO) – the government agency responsible for overseeing the mortgage brokering industry in Ontario – these are important things to consider if you’re thinking of getting a mortgage.

Whether you’re late making mortgage payments, or cannot make them at all, not being able to meet your mortgage payments can have serious consequences. Before getting a loan, make sure you are fully aware of the default consequences.

When you’re shopping for a mortgage, keep in mind the following tips:

A mortgage comes with risk and responsibility

Being ready for a mortgage involves more than simply qualifying for a loan. Because of the amount of money you borrow, and the time it takes to repay, taking a mortgage comes with risks. It’s important to know what these risks are and to be financially prepared for them. Therefore, before you shop for a mortgage, make sure you take a close look at your situation – your finances, future plans and lifestyle – and consider how much debt you can comfortably afford.

Over long periods, financial setbacks may arise, and not just when the economy is weak. Demands on your income increase for example, when you start a family, change career paths, launch a business, mismanage expenses,

» Read the entire mortgage agreement and get answers to any questions you may have. » Consider getting legal advice before signing the mortgage agreement. » If you are using the services of a mortgage brokerage, broker or agent, make sure: • the business and individual are licensed to deal or trade in mortgages in Ontario; • the material risks of your mortgage are disclosed to you in writing and in plain language; • you are given at least two business days to review the mortgage disclosure statement before you sign it, or before you make a mortgage payment, whichever is earlier.

To check if your mortgage brokerage, broker or agent is licensed with FSCO, and to learn more about the risks of getting a mortgage, visit FSCO’s website at fsco.gov.on.ca. NC

120 new Condo Guide jan 26 - feb 9, 2013

120 your mortgage-mortgage risk responsibility-JD.indd 120

1/22/13 3:40:35 PM

DARE TO COMPARE!

C STA ONS RT TRU ED C on TIO PH N AS E1

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jan 26 - feb 9, 2013 new Condo Guide 121

12-10-15 1:51 PM 1/21/13 11:38:47 AM

TRENDS 2013

TRENDS 2013

the looks of 2013 and where to find them

1 ZILLI HOME INTERIORS The Drake sofa is a lovely 91-inch long sofa with a casual skirt and slim arms. A double line of individually applied brass nail studs extend from the wing down to the arm. Upholstered in a warm chocolate brown tweed and contrasted with a zest of red for some fun.

Available in your choice of fabric.

1

SOFA $1,399, ALSO AVAILABLE AS A LOVESEAT $1,359 VISIT ZILLIHOME.COM

2 ELTE Capturing the spirit of 1970s California Modern, the Caffrey buffet from Mitchell Gold + Bob Williams offers an elegance that’s easy to live with. It features a thick top with quartersawn white-oak veneer in a parquetry pattern and polished stainless-steel base. Drawers have simple cube pulls, and the interiors sport their signature red lacquer. $2,685 VISIT ELTE.COM

2 3 WEST ELM Poufs are popular. Embrace it and add some to your décor this year. The Courtyard Dhurri pouf features an intricate geometric pattern inspired

by Moroccan tilework. Arrange a few around a coffee table for casual seating, or rest a tray on top for a temporary side table. $249 VISIT WESTELM.COM

3

4 EQ3 Take geometric style from the floor to the table and dress up your bedside or end table with the Tuxedo lamp. The wire frame and faux leather shade inject a room with a sartorial edge. $84.99 VISIT EQ3.COM

4

122 NEW CONDO GUIDE JAN 26 - FEB 9, 2013

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1/22/13 3:40:52 PM

6

5

5 RESTORATION HARDWARE Nothing says design decadence quite like statement lighting and this 1920s Glass Fringe Chandelier. Inspired by the art deco style of 1920s Paris, the design is handcrafted with a careful arrangement of optical-quality prisms in concentric rings. Each hangs in sparkling counterpoint to an iron frame that bears the marks of a welder’s torch. Available in three, five and seven ring sizes. $1,695 TO $4,995 US VISIT RESTORATIONHARDWARE.COM

7

6 DECORIUM Dine in style on the Endura Dining Table. This table suits a variety of spaces remarkably well. Hammered stainless steel top with gorgeous sand-blasted mindi wood in driftwood finish. $1,799 VISIT DECORIUM.COM

8 BOCONCEPT The Ogi chair with swivel function has a stylish and contemporary look. Its delicate lines make it suitable for small spaces. With a wide selection of fabric and leather to choose from, you can customize it to suit your taste.

7 SHELTER FURNITURE The Aura cabinet is inspired by the past with a deep Nordic design influence. The result: a collection full of memories that gives off a very modern aura. The metal and wood legs reinforce that retro and timeless appeal. Walnut and oak wood with a hyper-natural finish and a lacquered look meld perfectly with the wood.

All pieces in the Aura collection are fully customizable and available in a large selection of quality veneers and high-quality durable lacquer colours. All wood veneers used in the Aura pieces are hand-selected to ensure only the best quality veneers are used.

All wood veneers come from the same trunk, thus ensuring a greater uniformity of colours. Made in Spain 52-in. W by 18.5-in.

D by 56-in. H. $2,699 VISIT SHELTERFURNITURE.CA

STARTS AT $1,125 VISIT BOCONCEPT.CA

8 JAN 26 - FEB 9, 2013 NEW CONDO GUIDE 123

122-123 trends 2013-silvana longo-JD.indd 123

1/22/13 3:41:07 PM

TREND SPOTTING

fo u

r

on

se ve n

e re th si x

fiv e

tw o

Putting things “away” out in the open is the latest kitchen fashion statement. Open shelving and countertop storage demand stylish jars and coordinated cannisters. Opaque containers add pops of colour while clear glass allows you to showcase your ingredients.

e

tasteful displays

one ‘Sugar’ ‘Coffee’ & ‘Tea’ storage jars. $39.50 each. Visit chapters.indigo.ca. two Vintage Hungarian mason jars, amber $79-$139. Visit restorationhardware.com three Le Parfait jars .5L - 1.5L $7.95-$9.95. Visit crateandbarrel.com four Stainless steel canisters 20oz-58oz from $9.99. Visit canadiantire.ca five DROPPAR jars .9L-3.5L $4.99-$9.99. Visit ikea.ca six Le Creuset enameled stoneware canisters $65-$190. Visit williams-sonoma.ca seven Antique-silver glass canisters 9-inch-14.5inch from $77. Visit Potterybarn.ca

124 NEW CONDO GUIDE JAN 26 - FEB 9, 2013

124 trendspotting-FEB-cannister-JD.indd 124

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GTA’S EXCITING FREE MONTHLY HOME DESIGN MAGAZINE Featuring the newest products and hottest design trends for your home, inside and out.

416.626.4889 FREE FEB/MAR 2013 VOLUME 9 ISSUE 1 www.homedecorandrenovations.com

BILD CONTEST WINNERS

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TIPS FOR A STUNNING HOME OFFICE MAKEOVER CUTTING-EDGE

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1/22/13 6:06:30 PM

FEBRUARY ISSUE ON STANDS NOW!

126 NEW CONDO GUIDE JAN 26 - FEB 9, 2013

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1/22/13 6:22:28 PM

on sale now

2

residences from the mid $200’s Gaze into our crystal… The future is arriving faster than you think. With the inaugural groundbreaking for Crystal 1 and 2, it’s time to envision October 2014 when the many benefits and pleasures of living in the heart of Mississauga’s live-work-play Pinnacle Uptown community becomes all yours.

construction has started

PinnacleUptown.Com presentation centre located at 5044 hurontario street & eglinton, mississauga (905) 568.9000 monday – friday: 1-7pm weekends & holidays: 12-6pm

127-Pinnacle Uptown 08-25-12.indd 127

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homeTRADER and The homeTRADER & Design are trade-marks of Apax Partners LLP, used under license.

128 new Condo Guide jan 26 - feb 9, 2013

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1/22/13 2:11:41 PM

homebuyers’ help

condo buyers’

resource section

You love the condo, see what you can afford!

Compare mortgage rates for your best deal Calculate your mortgage payments using the mortgage payment calculation chart

jan 26 - feb 9, 2013 new Condo Guide 129

129-131_133 HomebuyersResource-JD.indd 129

1/22/13 3:41:32 PM

homebuyers’ help

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

example: 5%

25 years

5.82

125 (mortgage amount $125,000)

$

Follow these steps to see if you’ll qualify for a mortgage on your dream condo 01 Calculate the combined monthly before-tax income of you and your spouse.

02 Divide by three. This figure is the monthly payment you can afford to make on your condo.

03 Take the total price of the condo and subtract the amount of money you expect to make as a down payment.

This is the money you will have to borrow.

04 Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.)

05 Multiply this figure by the amount you need to borrow.

Divide by 1,000.

06 Add to this your estimated monthly heating costs and monthly property taxes.

07 If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream condo.

Bear in mind that this is a rough estimate.

If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.

130 new Condo Guide jan 26 - feb 9, 2013

129-131_133 HomebuyersResource-JD.indd 130

1/22/13 3:41:32 PM

Mortgage payment calculation chart amortization periods

% Interest Rates

10 years

15 years

20 years

25 years

3.00%

9.65

6.90

5.54

4.73

3.25%

9.76

7.02

5.66

4.86

3.50%

9.88

7.14

5.79

4.99

3.75%

9.99

7.26

5.91

5.13

4.00%

10.11

7.38

6.04

5.26

4.25%

10.23

7.50

6.17

5.40

4.50%

10.34

7.63

6.30

5.53

4.75%

10.46

7.75

6.44

5.67

5.00%

10.58

7.88

6.57

5.82

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.75%

10.94

8.27

6.98

6.25

6.00%

11.07

8.40

7.12

6.40

6.25%

11.19

8.53

7.26

6.55

6.50%

11.31

8.66

7.41

6.70

6.75%

11.43

8.80

7.55

6.85

7.00%

11.56

8.93

7.69

7.00

7.25%

11.68

9.07

7.84

7.16

7.50%

11.81

9.21

7.99

7.32

7.75%

11.94

9.34

8.14

7.47

8.00%

12.06

9.48

8.28

7.63

8.25%

12.19

9.62

8.44

7.79

8.50%

12.32

9.76

8.59

7.95

8.75%

12.45

9.90

8.74

8.12

9.00%

12.58

10.05

8.86

8.28

9.25%

12.71

10.19

9.05

8.45

9.50%

12.84

10.33

9.20

8.62

9.75%

12.97

10.48

9.36

8.78

10.00%

13.10

10.63

9.52

8.95

10.25%

13.24

10.77

9.68

9.12

10.50%

13.37

10.92

9.84

9.29

10.75%

13.50

11.06

10.00

9.46

11.00%

13.64

11.22

10.16

9.63

11.25%

13.77

11.36

10.32

9.80

11.50%

13.91

11.52

10.49

9.97

11.75%

14.04

11.66

10.65

10.15

12.00%

14.18

11.82

10.81

10.32

12.25%

14.32

11.97

10.98

10.49

12.50%

14.46

12.13

11.15

10.67

12.75%

14.59

12.28

11.31

10.85

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 jan 26 - feb 9, 2013 new Condo Guide 131

129-131_133 HomebuyersResource-JD.indd 131

1/22/13 3:41:32 PM

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INSIDE THIS ISSUE

HOME BUILDING AND JOB GROWTH

416 OR 905: WHERE TO BUY?

NEW-HOME SALES MAKE BIG COMEBACK

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inside this issue

MAKING THE MOST OF A LESS-THAN-HEAVENLY VIEW

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Discover Ottawa/Gatineau’s top builders and developers – one success story at a time ›› EXPERT PANEL: Why now is a great time to buy ›› MORTGAGE ADVICE: Beware of mortgage rate fixation

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Discover SWO’s top builders & developers – one success story at a time

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Discover the GTA’s top condo builders & developers

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– one success story at a time MORTGAGE ADVICE:

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EXPERT PANEL:

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Choosing the term that’s right for you

EXPERT PANEL:

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2013

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MODEL SUITE CALENDAR

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十一月二十四日至二月二日 Nov 24, 2012 - Feb 2, 2013

new homes of the GTA’s most beautiful An exclusive collection

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homebuyers’ help

Compare mortgage rates for your best deal CHARTERED BANKS

Variable

6 Months

1 Year

2 years

3 years

4 years

5 years

ATB Financial 3

4 6.30op

3.1 6.30op

3.14 3.7 4.39 6.50op

3.19

Alterna Svgs/Alterna Bk 3

4 6.30op

3.05 3.09 3.09 3.29 6.30op

3.24

Bank of Montreal 3.1

4 6.30op

3 3.04 3.65 4.64 6.30op

3.09

Bank of Nova Scotia 3

4.55 6.45op

3.75 3.89 2.79 4.39 6.50op

3.99

Canadian Western Bank

4 6.45op

3.1 3.14 3.7 4.64 6.30op

5.24

CIBC 3.2

6.70op

3 3.14 3.5 4.39 6.35op

5.24

HSBC Bank Canada 3

2.7 3.95 2.98 4.99 6.35op

3.49

3.15

3.65

3.64

3.69

3.44

3

3

2.79

3.25

3.08

3.09 3.14 3.7 3.64 6.30op

3.79

3 3.1 3.15 3.15 4.00op

3.19

ICICI Bank Canada ING Direct

4.45 6.20op

3.05 3

Laurentian Bank n/a

4.4 6.70op

Manulife Bank 3 4.45

MonCana Bank

2.99

National Bank n/a

3.1 3.14 3.7 4.64 6.30op

President’s Choice Finan

4 6.70op

3.2

Royal Bank 3.2

4 6.30op

TD Canada Trust 3.2

2.99

3.2

3.04

3.24

3.09

3.14 3.99

3.35

3.44

3 3.04 2.99 4.64 6.30op

3.29

3 6.30op

3.04

3.65

3.49

3.29

3.14

TRUST COMPANIES AGF Trust

n/a

2.99

3.1

3.5

3.64

Community Trust

n/a

6.5

3.1

3.35

3.95

4.64

Effort Trust n/a

4.45 6.30op

3.45 3.8 4 4.6 6.30op

5.1

Home Trust Company

3.2

2.69

2.89

5.24

3.95

2.74

3.15

2.99

Investors Group Trust n/a

4 6.50op

3.1 3.14 3.7 4.64 6.30op

5.24

MTCC 3

4.55 6.45op

3.75 6.50op

3.89

2.79

4.39

3.99

Airline Financial C.U. 4

2.99 6.25op

3.25

3.29

3.09

3.49

Comtech Credit Union 2.79

6.6 8.40op

2.99 3.25 3.29 3.19 9.00op

3.29

First National Fin. LP

3.95

2.74

3.09

OTHER FINANCIAL INSTITUTIONS

2.69

2.89

3.15

FirstOntario C.U. 2.79

6.34op

3.09 3.19 3.24 3.29 6.34op

3.24

London Life n/a

3.1 3.14 3.7 4.64 6.30op

5.24

MCAP 2.9

3.6 3.95 4.35 4.89 7.00op

5.24

Meridian Credit Union 2.85 4.45

3.1 3.14 3.7 3.4 6.30op

3.28

Parama Credit Union

2.9

3.1

3.15

3.15

3.25

3.5

Steinbach Credit Union

2.5

2.5

2.6

2.8

2.9

3.1

3.05 6.50op

3.15

3.6

3.39

3.49

Teachers Credit Union 4

4 6.50op

4.45 6.30op

Notes **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice.

R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE Jan. 14, 2013. Prepared By Fiscal Agents Financial Information Services 905.844.7700

jan 26 - feb 9, 2013 new Condo Guide 133

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index of advertisers 45 Charles Ltd. - Chaz

41

Liberty Development Corp. - Royal Gardens

37

Alterra Homes/Finer Space - Post House Condominium

61

Liberty Development Corp. - Terrace on Danforth

37

Liberty Development Corp. - The Fountains

37

Bazis Inc. - E Condos

5

Bazis Inc. - Exhibit Definitive Residences

29

Liberty Development Corp. - World on Yonge

36

Brandy Lane Homes - The Station

66

Lifetime Developments - Corporate

31

Camrost - Felcorp - Imperial Plaza

3

Lifetime Developments - X2

10

Camrost - Felcorp - Yorkville Plaza

1

Lindvest - B Streets

Concord Adex - Corporate

38-39

107

Luxury Condo & Hotel Residences - Promo

88 69

Cresford Development Corp. - Lofts 399

136

Madison Homes - The Madison

Cresford Development Corp. - Merton Yonge Condominiums

IBC

Malibu Investments Inc. - Model Suite of the Month

128

Daniels Corp. - NY2

19

Menkes Developments Inc. - 365 Church

INSERT

Easton’s Group - King Blue Condominiums

73

Menkes Developments Inc. - Corporate

INSERT

Eden Shaw - Chaz

41

MintoUrban Communities Inc. - 30 Roe

63

6-7

Mod Developments Inc. - Five Condos

75

49

Mod Developments Inc. - Massey Tower

53

Empire Communities - Eau Du Soleil Empire Communities - The Mark

Monarch Corporation - Corporate

Family of magazines - Promo

132

Flato Development - Arthouse

85

Neilas Inc./ Brad J. Lamb Realty Inc. - Seminar Ad

Freed - SIXTY Colborne

81

Nova Trimax - Allegra

Graywood/Beaverhall Development - The Mercer Great Gulf Homes - One Sherway Condominiums

103 22-23

INSERT 87 121

Pemberton Group - Downtown Erin Mills Condominiums

8

Pemberton Group - Vivid

9

Great Gulf Homes - X2

10

Pinnacle International - Pinnacle Grand Park

119

Great Gulf Homes - Yonge+Richmond

25

Pinnacle International - Pinnacle Uptown, Crystal 2

127

Greenpark Homes - Allure Condominiums

83

Queenscorp - Watermark

111

Guizzetti Developments - Grand Palace

125

The Daniels Corporation - Cinema Tower Condominiums

15

Harhay Developments - One Eleven Condominiums & Lofts

79

The Daniels Corporation - First Home

45

Interior Design Show - Promo

72

The Daniels Corporation - Limelight Condominiums

14

International Home & Garden Show - Feb. 21 - 24

78

The Daniels Corporation - One Park Place Condominiums

47

Lanterra Developments - Riverhouse at the Old Mill

27

Tribute Communities - RCM I on University

67

Lanterra Developments - The Britt

11

Tridel Corporation - Trio at Atria

IFC

Lanterra Developments - Treviso II

55

Tridel Corporation - Ventus at Metro Gate

BC

Liberty Development Corp. - Centro Square Condos

35

Tridel Corporation - Ventus at Metrogate

BC

134 new Condo Guide jan 26 - feb 9, 2013

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1/22/13 7:02:59 PM

135-Malibu-ModelSuite.indd 135

1/22/13 2:11:54 PM

Malibu Investments has been featured as “model suite of the month” in the new condo guide model suite calendar

Model Suite Compliments of Malibu Investments www.malibutoronto.com www.urbancapital.ca www.alit.ca

www.tableaucondos.com

Tableau – A Condo-Collaboration of Art, Fashion, Design and Good Taste in Toronto’s Soho South Neighbourhood at Richmond and Peter. Now under construction.

JANUARY2013

The perfect

AND 12’ LOFTS FROM MODERN URBAN LOFT LIVING TO SUPERB DINING, CULTURE & NIGHTLIFE, LOFTS 399 OFFERS EVERYTHING YOU’RE LOOKING FOR IN A COOL KING WEST ADDRESS..

10-FT & 12-FT CEILING LOFTS ON ADELAIDE FROM THE $300’S WELL UNDER CONSTRUCTION MOVE IN THIS WINTER!

CAMDEN ST. ADELAIDE ST. W

SPADINA AVE.

BRANT ST.

RICHMOND ST. W N

PRESENTATION CENTRE 19 BRANT STREET SUITE 103 T.416.867.3999 LOFTS399.COM

KING ST. W

Brokers Protected. Illustrations are artist’s concept. Prices and specifications are subject to change without notice. E. & O.E.

Mon.-Thurs. 12-7pm Closed Friday Saturday & Sunday 12-5pm

136 new Condo Guide jan 26 - feb 9, 2013

399A 27260 Condo Guide ad FA.indd 1

2012-12-07 2:51 PM

136-Cresford-Lofts399 01-05-13.indd 136

1/21/13 6:58:39 PM

PrOPOSed LrT AT YOUr dOOrSTeP

T93xx-TRIO_broker_Brch_Dec12_Layout 1 19/12/12 9:32 AM Page 4

COMING SOON FPO

The

FPO

next great

FPO

phase of Atria.

LRT stops along Sheppard Avenue East.

The new LRT trains.

LRT train connection to TTC Subway at Don Mills station.

CLOSE TO HIGHWAYS, TTC AND THE NEW SHEPPARD EAST LRT LINE

Sheppard East LRT: Stops and Interchange Stations

An ideal location is a must for an effortless city lifestyle, and TRIO at Atria delivers with ease.

HWYs 404 and 401 are mere minutes away, as are the TTC and the Don Mills Subway Station with quick access to downtown. But most exciting of all is the fact that the new proposed Sheppard East LRT line will have a stop at Consumers Road – adjacent to the Atria community – before continuing underground and connecting to the subway at the Don Mills station.

Legend

Sheppard RT

Interchange / Station

Sheppard Subway

Sheppard East LRT Phase Two

Maintenance & Storage Facility

GO Transit Stouffville Line

PRICES STARTING

Dean Park Rd.

Morningside Ave.

Brenyon Way

Murison Blvd

Neilson Rd

Burrows Hall

Washburn Way

Markham Rd. Scarborough RT

Massie St.

Shorting Rd.

White Haven

McCowan Rd.

Brownspring Rd.

Brimley Rd.

Midland Ave.

Kennedy Rd. Agincourt GO Station

Allanford Rd

Birchmount Rd.

Bay Mills Blvd.

Warden Ave.

Palmdale Dr.

Pharmacy Ave.

Victoria Park Ave.

Underground Connection

Don Mills Subway Station

Consumers Rd.

Adjacent to the proposed Sheppard East LRT line.

Meadowvale Rd.

LRT Stops

Sheppard East LRT Underground

Idagrove Gate

Sheppard East LRT Phase One

The success of Atria continues with TRIO – the newest address in this

Source: The City of Toronto Official Plan and the Agincourt Secondary Plan, a future bus and subway terminal or other transit related uses are proposed for this location. Illustrations are artist’s concept. E. & O.E. January 2013

FROM $258,000*

North York community. TRIO at Atria is a 23-storey glass residence offering commuters the ultimate in convenience with its prime location

Parking included RegisteR NOW

PHONE 416.645.8866 WEB TRIDEL.COM

along the proposed Sheppard Avenue LRT** line connecting you to shopping, dining and entertainment.

Visit tridel.com to register today.

A Tridel Built Green. Built for Life.® community. *Prices and specifications are subject to change without notice. Illustrations are artist’s concept only. Building and view not to scale. **Source: The City of Toronto Official Plan and the Agincourt Secondary Plan, a future bus and subway terminal or other transit related uses are proposed for this location. Any retail uses will not be complete or available for use at the time of occupancy. Map not to scale. Tridel®, Tridel Built for Life®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2012. All rights reserved. E.&O.E. January 2013 .

Facebook.com/Tridel

Twitter.com/Tridel

tridel.com

WALK THIS WAY

Rendering is artist's impression.

ACT NOW! WELL UNDER CONSTRUCTION - MOVE IN NEXT WINTER! introducing

The Streetside Collection Urban 1 and 2 storey Townhomes from 1000 to 1700 sq. ft. with vibrant street access and private interior gardens. Centrally located in the heart of Davisville village, flanked by the lively neighbourhoods of Eglinton & St. Clair and located at Yonge & Merton. Steps to the subway, parks, trails and great shopping.

M ERTO N YO NGE TOWNHOM E S

Fresh Urban Towns from the low $500,000’s 416.484.1900 myccondo.com

To see up-to-date construction progress visit cresford.com Call today for your private appointment.

New Presentation Centre underway.

BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST CONCEPT. E.&O.E.

Move in today

Exceptional new Parkside walk-out suites overlooking Metrogate Park

Model Suite

Model Suite Prices starting

Walk-out Parkside suites from $302,000 * Parking included

Presentation Centre

52 Village green Square Scarborough

See. Tour. Explore. Ventus at Metrogate.

Tower 1 at Ventus is ready for you to move in!

A new limited collection of ground level 1 bedroom, 1 bedroom+den and 2 bedroom suites have just been released. Discover a gracious carefree lifestyle in these elegant residences that feature direct walk-out access to the eco-friendly Metrogate Community Park.

See the stunning lobby with attentive concierge, tour the Club Ventus recreational amenities and visit our 4 new designer decorated model suites.

Kennedy Road, north of Hwy. 401 CONTACT US

Phone 416.293.5535 WeB tridel.com

A Tridel Built Green. Built for Life.® community.

Presentation Centre Hours: Monday to Thursday 11 am – 7 pm Friday Closed Saturday & Sunday 12 pm – 6 pm

metrogate@tridel.com *Prices and specifications are subject to change without notice. Tridel ®, Tridel Built for Life ®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. © Tridel 2013. All rights reserved. E.&O.E. January 2013.

Facebook.com/Tridel Twitter.com/Tridel

tridel.com