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Greater Toronto Area July 31–Aug. 28, 2021
Greater Toronto’s COMPLETE CONDO GUIDE
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WHY SINGLE HOMEBUYERS NEED A WILL BEFORE CLOSING
‘SHRINKFLATION’ ALIVE & WELL IN THE 905 AREA
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JULY 31–AUG. 28, 2021
CONTENTS COVER STORY
22 St. Kitts Urban Towns in St. Catharines DAZZ GROUP’S MODERN DAY COMMUNITY IN THE HEART OF GARDEN CITY 6 condolife magazine | July 31–Aug. 28, 2021
44
29 Personal Finance Tools available to help you purchase your first home
35
Legally Speaking Why singles need a will before closing on new home purchase
36 The Marketing Edge Connecting with Millennials requires new tools
40 Real Insight
38
GTA sales and price forecast trending higher
42 Condo Pro Tips to help you ride the real estate wave
66 Industry Report Toronto Green standard must weigh affordability and sustainability
INTERIORS
43 Interiors Cover 44 Decor 46 Big Style, Small Spaces
55
48 Trend Watch 49 Style File 55
Product Showcase
DEPARTMENTS
8
Editor’s Note Mid-year check-in
10
Contributors & Masthead
12
Condo Life Online
15
In the Spotlight GTA new home market strong in May; more news on pages 16, 17 and 18
20 Inside The GTA
58
65 Advertisers Index Want more information? Just ask — and you coud win a prize
COLUMNS
19
32
In Conversation With... Mike Collins-Williams, WEHBA
Stat Chat
Property profile 22
‘Shrinkflation’ is alive and well in the 905
26 Home Realty How to choose a new home real estate agent
30 Neighbourhood Watch Collingwood
Maps & Amenity Charts
28
Western View
St. Kitts Urban Towns by DAZZ Group An interview with DAZZ CEO Jack DaSilva
38
Arte Residences in Mississauga New Emblem condo coming soon
More supply is the only solution to the housing crisis
nexthome.ca | myhomepage.ca 7
EDITOR’S NOTE
MID-YEAR CHECK-IN
WAYNE KARL EDITOR-IN-CHIEF Condo Life Magazine
EMAIL: wayne.karl@nexthome.ca TWITTER: @WayneKarl
+ get social 8 condolife magazine | July 31–Aug. 28, 2021
Here we are, rounding the corner into the second half of the year, and approaching the end of summer – a natural time to review where the GTA real estate market is heading. At the beginning of the year, in our Outlook 2021 Special Report, numerous experts forecast that housing markets in the GTA and elsewhere in Ontario were poised for another strong year. The reasons? Continuing low interest rates; the industry’s swift response to the challenges of COVID; excellent new home locations; the strength of the Ontario economy; and the appeal of condominiums as a homebuying option. All of those healthy characteristics remain, and the performance of the GTA housing market has not only continued, it has accelerated. For June 2021, for example, the GTA new home market saw another active month, bringing the number of new home sales in the first six months of the year to 25 per cent above the 10-year average, according to the Building Industry and Land Development Association (BILD). The total of new home units sold through the first six months of the year was 24,060, while total June new home sales, with 3,860 units sold, were four per cent above the 10-year average. Condominium units, including in low-, medium- and highrise buildings, stacked townhouses and loft units, accounted for 2,775 sales in June – 13 per cent above the 10-year average. Pretty spectacular numbers – still during a pandemic, no less. While this all represents the ongoing strength of the GTA market, there are challenges, and they’re not getting any easier. “As we look forward, we will be monitoring the continuing strength and speed of economic recovery, the return of typical immigration levels and the possible rise in interest rates and their impact on the new home construction,” says Dave Wilkes, BILD president and CEO. “Dipping inventory levels, particularly on the condo side, continue to remind us that the current affordability challenges facing the GTA housing market are driven by a lack of supply. Governments at all levels need to take action on removing barriers to getting new housing built.” Translation: We’re not building enough new housing; what is built sells quickly; and unrelenting demand continues to drive home price growth. The benchmark price for new condos in June was $1.58 million, up 5.9 per cent over the last 12 months, while new single-family homes rose 23.1 per cent to $1.40 million. Further proof is in the resale market. According to Royal LePage’s National House Price Composite for the second quarter of 2021 numerous Ontario markets lead the country – not just in price growth, but in high double-digit gains. Consider, for example, these high-performance markets on a year-overyear basis for the second quarter: Niagara-St. Catharines prices are up 36 per cent; Oshawa, 36.1 per cent; Oakville, 29.1 per cent; and Mississauga, 28.7 per cent. Home prices in Toronto, by comparison, are up only 8.3 per cent.
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Tride I ConnectTM and The Lobby TM are Trademarks of Tridel Corporation. Project names and logos are Trademarks of their respective owners. All rights reserved. E.& O.E. July 2021
CONTRIBUTORS PERSONAL FINANCE | JESSE ABRAMS Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com
CHIEF REVENUE OFFICER
Jacky Hill jacky.hill@nexthome.ca EXECUTIVE MEDIA CONSULTANT
Michael Rosset
EDITOR-IN-CHIEF – NATIONAL REAL ESTATE
Susan Legge susan.legge@nexthome.ca HOME REALTY | DEBBIE COSIC Debbie Cosic is CEO and Founder of In2ition Realty. She has overseen the sale of more than $15 billion worth of real estate. With Debbie at its helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. in2ition.ca
REAL INSIGHT | KEVIN CRIGGER Kevin Crigger,TRREB President and realtor, is a long-standing and active member at the Toronto Regional Real Estate Board. He has served all levels of the real estate industry, as well as local charities and educational institutions.
EDITOR-IN-CHIEF – GREATER TORONTO AREA
Wayne Karl wayne.karl@nexthome.ca MANAGING EDITOR
Rise Levy rise.levy@nexthome.ca CONTRIBUTORS
Jesse Abrams, Mike Collins-Williams, Debbie Cosic, Kevin Crigger, Sara Duck, Barbara Lawlor, Linda Mazur, Nick Monteleone, Ben Myers, Lisa Rogers, Jayson Schwarz, Dave Wilkes SENIOR VICE-PRESIDENT, SALES NEXTHOME
Hope McLarnon 416.708.7987, hope.mclarnon@nexthome.ca SENIOR MEDIA CONSULTANTS
CONDO PRO | BARBARA LAWLOR Barbara Lawlor is President and CEO 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 condo developments in Canada and overseas. baker-re.com
Jessica Wilson 416.873.1049, jessica.wilson@nexthome.ca Natalie Chin 416.881.4288, natalie.chin@nexthome.ca VICE-PRESIDENT, DIGITAL
Virginia Knott
DIGITAL SALES MANAGER
Amanda Bell
VICE-PRESIDENT MARKETING – GTA
Leanne Speers
SENIOR CLIENT RELATIONS SPECIALIST – GTA
DECOR | LINDA MAZUR
Sonia Presotto
Linda Mazur is an award-winning designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds throughout the GTA and Canada. lindamazurdesign.com @LindaMazurGroup
Marilyn Watling
MANAGER CUSTOMER SALES/SERVICE SALES & MARKETING CO-ORDINATORS
Gary Chilvers, Vi Nguyen
HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA
Josh Rosset DISTRIBUTION
distributionteam@nexthome.ca STAT CHAT | BEN MYERS Ben Myers is President of Bullpen Consulting. Ben provides pricing recommendation, product mix, and valuation studies on new residential housing developments for builders, lenders and property owners. bullpenconsulting.ca
ACCOUNTING INQUIRIES
accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA
Lauren Reid–Sachs
VICE-PRESIDENT PRODUCTION – GTA
Lisa Kelly
PRODUCTION MANAGER – GTA
Yvonne Poon
BIG STYLE, SMALL SPACES | LISA ROGERS Lisa Rogers is Executive Vice-President of Design for Dunpar Homes. Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and The Shopping Channel. Lisa is also a regular guest expert on CityTV’s Cityline. dunparhomes.com.
GRAPHIC DESIGNER & ASSISTANT MANAGER
Alicesa Pullan
GRAPHIC DESIGNER & PRE-PRESS COORDINATOR
Hannah Yarkony GRAPHIC DESIGNERS
Johannah Lorenzo, Mike Terentiev, Alice Wu Published by
LEGALLY SPEAKING | JAYSON SCHWARZ Jayson Schwarz LLM is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. He can be reached by visiting schwarzlaw.ca or by email at info@schwarzlaw.ca or phone at 416.486.2040.
BILD REPORT | DAVE WILKES Dave Wilkes is President and CEO of the Building Industry and Land Development Association (BILD), the voice of the home building, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter at @bildgta or visit bildgta.ca
Official Media Partners:
r
10 condolife magazine | July 31–Aug. 28, 2021
nexthome.ca Advertising Call 1.866.532.2588 ext. 1 for rates and information. Fax: 1.888.861.5038 Circulation Highly targeted, free distribution network aimed at real estate buyers using street level boxes, racking and Toronto Star in-home delivery. Canadian subscriptions 1 year = 13 issues – $70 (inc. HST). Canada Post – Canadian Publications Mail Sales Product Agreement 40065416. Copyright 2021 All rights reserved. All copyright and other intellectual property rights in the contents hereof are the property of NextHome, and not that of the individual client. The customer has purchased the right of reproduction in NextHome and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of NextHome. Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time. Editorial Submissions from interested parties will be considered. Please submit to the editor at editorial@nexthome.ca.
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Lifetime Developments continues to breathe new life into the corners of King and Dufferin with XO2 Be among the first to learn about an exciting new project coming to King & Dufferin – XO2 Condos, the second phase of XO Condos from Lifetime Developments. Q&A
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Toronto condo buyers could face an additional $65,000 The City of Toronto’s proposed Inclusionary Zoning policy meant to address affordable housing could actually end up costing buyers of new condos an additional $65,000. Visit or check us out on 12 condolife magazine | July 31–Aug. 28, 2021
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IN THE SPOTLIGHT
GTA NEW HOME MARKET
STRONG IN MAY THOUGH INVENTORY REMAINS AT HISTORIC LOWS The GTA new home market continued strong in May, with total sales and condominium unit sales above the 10-year average, the Building Industry and Land Development Association (BILD) reports. Total new home sales in May, with 3,661 units sold, were five per cent above the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence. Condominium units, including those in low-, medium- and highrise buildings, stacked townhouses and loft units, accounted for 2,396 new home sales in May, 10 per cent above the 10-year average. Sales of new single-family homes, including detached, linked and semidetached houses and townhouses (excluding stacked townhouses), with 1,265 units sold, were three per cent below the 10-year average. “The low inventory levels reported in the May data underline the need for GTA municipalities to address chronic shortages of housing supply,” says Dave Wilkes, BILD president and CEO. “Municipalities need to speed up approvals of shovel-ready projects, and as we look ahead to continued population growth in the GTA, they need to evaluate all aspects of the
development approvals process to ensure that the new homes the region needs are being built in a timely manner.” “While sales of new condominium apartments were lower in May than the frenzied pace of the previous two months, they were still above the 10-year average for May as demand remains buoyant and activity settles into more sustainable levels,” adds Ryan Wyse, Altus Group’s manager, analytics, Data Solutions. “Buyers continue to be attracted to new openings, with about half of the newly released units available for purchase before the last 10 days of May selling within the month.” Total new home remaining inventory was 12,555 units in May. That number represents 3.3 months’ worth of inventory based on the current pace of sales, but a balanced market would have nine to 12 months of inventory. Remaining inventory includes units in preconstruction projects, in projects currently under construction, and in completed buildings. The benchmark price for new condominium apartments increased in May compared to the previous month, to $106 million, an increase
of eight per cent over the last 12 months. New single-family homes decreased compared to the previous month, to $1.38 million, up 24.4 per cent over the last 12 months.
MAY NEW HOME SALES BY MUNICIPALITY CONDOMINIUM UNITS
SINGLE-FAMILY HOMES
TOTAL
REGION
2021
2020
2019
2021
2020
2019
2021
2020
2019
DURHAM
144
53
38
352
131
231
496
184
269
HALTON
112
5
474
118
83
144
230
88
618
PEEL
141
56
700
479
111
278
620
167
978
TORONTO
1,593
229
1,357
22
11
36
1,615
240
1,393
YORK
406
65
1,077
294
144
257
700
209
1,334
GTA
2,396
408
3,646
1,265
480
946
3,661
888
4,592
SOURCE: ALTUS GROUP
14 condolife magazine | July 31–Aug. 28, 2021
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In the spotlIght
GTA RESALE
MARKET ROBUST BUT TRREB WARNS OF TAX HIKE Sales and prices in the GTA resale market continue at a robust pace, but the Toronto Regional Real Estate Board (TRREB) warns a proposed increase in Land Transfer Tax could hurt both buyers and sellers. June home sales were up compared to last year, though they remained below the March 2021 peak and lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June also increased by double digits compared to last year, though the growth moderated compared to the previous three months. GTA realtors reported 11,106 sales through TRREB’s MLS system in June 2021 – up by 28.5 per cent compared to June 2020. Year-overyear sales growth was strongest in the condominium segment, in both Toronto and some of the surrounding suburbs. On a month-over-month basis, both actual and seasonally adjusted sales continued to trend lower in June. “We have seen market activity transition from a record pace to a robust pace over the last three months,” says TRREB President Kevin
Crigger. “While this could provide some relief for homebuyers in the near term, a resumption of population growth based on immigration is only months away. While the primary focus of policymakers has been artificially curbing demand, the only long-term solution to affordability is increasing supply to accommodate perpetual housing needs in a growing region.” In all major market segments, year-over-year growth in sales well outpaced growth in new listings over the same period, pointing to the continuation of tight market conditions characterized by competition between buyers and strong price growth, TRREB says. The June 2021 MLS Home Price Index composite benchmark was up by 19.9 per cent year over year. The average selling price for all home types combined was up by 17 per cent to $1.09 million. Forecast update
In its initial forecast for 2021 in February, TRREB expected the average selling price in the GTA to rise to $1.02 million, thanks to an improving regional economy and very low borrowing costs. Taking into account the record Q1 2021 sales result, but still accounting
for sales trending below record levels for the remainder of this year, TRREB is now forecasting year-over-year price growth to $1.07 million. “A persistent lack of inventory across most segments of the market will keep competition between buyers strong, resulting in an average selling price well above $1 million through the end of 2021,” says TRREB Chief Market Analyst Jason Mercer. MunIcIpal land transFer tax
TRREB’s market update comes as new public opinion polling, conducted by Ipsos Public Affairs for TRREB, found public opposition to a potential increase in Toronto’s Municipal Land Transfer Tax. Last winter, Toronto directed City staff to report back in July regarding a possible increase to the Land Transfer Tax for properties priced at more than $2 million. “Any MLTT increase has a ripple effect on all market segments, and would further constrain inventory, making it an even more challenging environment for buyers,” says TRREB CEO John DiMichele. “Housing affordability is one of Toronto’s most serious challenges, and City Council should be doing everything it can to make it more affordable, not less.”
GTA resAle AverAGe prices, JUNe 2021 (yr/yr % chANGe) 416
905
Total
$1.70M (11.5)
$1.33M (29.4)
$1.41M (24.8)
$1.27 (-1.9)
$914,926 (21.5)
$1.05M (13.4)
Townhome
$941,474 (9.9)
$836,851 (21.0)
$859,411 (17.8)
Condo
$717,466 (6.7)
$611,610 (15.9)
$683,479 (8.3)
Detached Semi-detached
Source: TrreB
IN THE SPOTLIGHT
BABY BOOMERS PREPARING TO EXPAND
THEIR REAL ESTATE HOLDINGS As more Canadian Baby Boomers approach retirement, millions of them are preparing to take advantage of real estate as a strong investment option, according to a survey from Royal LePage Defined by StatsCan as having been born between 1946 and 1965, Boomers – about 3.2 million of them – say they are considering a home purchase within the next five years. “The Boomer generation appears to have no intention of slowing down,” says Phil Soper, president and CEO, Royal LePage. “Fully vaccinated, and turning a cold shoulder to retirement, the typical member of this huge demographic is enjoying an empty nest and believes real estate is a good investment. Millions of Boomers are expected to wade into the market over the next five years.”
Of the 35 per cent of Boomers who say they are considering purchasing a primary residence in the next five years, 56 per cent say they would consider moving to a rural or recreational region. Twentyeight per cent say they would consider purchasing a larger home than their current residence, 56 per cent would consider a similarly-sized property, and 63 per cent would consider downsizing. “Turning full circle to those carefree, pre-children years, most Boomers are looking for a home that requires less maintenance,” says Soper. “Paradoxically, they also yearn for country living and don’t want to sacrifice living space. Look for the continued growth of managed communities in exurban and recreational regions.”
BOOMER HOUSING DEMAND
HOMEOWNERSHIP AND PERSONAL WEALTH
There is no one-size-fits-all outcome as Canadian Boomers age into retirement, especially when it comes to their decision about where to live. More than half (57 per cent) of respondents said they would purchase a detached house if they were to buy, while 19 per cent said they would prefer an apartment/ condominium.
Seventy-five per cent of Boomers own their own home, the majority of whom do not currently have a mortgage (64 per cent). Seventeen per cent of Boomer homeowners own more than one property, and 40 per cent have at least 50 per cent of their net wealth in real estate. “The Boomer generation strongly values homeownership, for good reason. Real estate has been very, very good to them,” says Soper. “Most are still working and their home equity has become the bedrock of retirement security. Financially confident, their next move is a matter of lifestyle choice.”
adults are turning to their Boomer parents for help with a down payment on a property. Twenty-five per cent of Boomers say they have or would consider gifting or loaning money to a child to help with the purchase of a home. ONTARIO HIGHLIGHTS
Slightly higher than the national average, 37 per cent of Boomers in Ontario are considering purchasing a home within the next five years (41 per cent in Toronto). Seventy-six per cent of Boomers in the province own their own home, the majority of whom do not currently have a mortgage (64 per cent and 60 per cent in Toronto). Sixteen per cent of Boomer homeowners in the province own more than one property, and 46 per cent have at least 50 per cent of their net wealth in real estate. In Toronto that number reaches 54 per cent, the highest of all census metropolitan areas surveyed. More than half (59 per cent) of Ontario Boomers said they would purchase a detached house if they were to buy, while 19 per cent said they would prefer an apartment/ condominium.
BOOMERS KEEP ‘BANK OF MOM AND DAD’ OPEN
As home prices continue to rise across the country, many young nexthome.ca | myhomepage.ca 17
IN THE SPOTLIGHT
Mark Cohen’s vision for the next chapter of his professional life began just 15 years ago when he evolved from working for some of Toronto’s most respected developers and builders, to becoming a partner in a pre-construction sales agency. With his keen understanding of real estate, Cohen, as managing partner of TCS Marketing Systems (TCSMS), has successfully marketed and sold low-, mid- and highrise projects in more than 22 different markets across North America. Today, TCSMS is embarking on the next 15 years with a new approach, buoyed by a team of skilled professionals and a lengthy history. In a constantly evolving real estate market, TCS Marketing Systems (formerly The Condo Store Marketing Systems) has positioned itself as a specialized boutique advisory group, where every member of the executive team brings years of experience working in-house for developers in various roles such as marketers, researchers, architects, strategists, tech experts and sales personnel. This combination of carefully selected talent, with their keen sense of the developer’s perspective, brings to every new project across Canada the ability to create a custom-designed program for each project that ensures a successful outcome. “Paramount to the company’s success has been the innovative thinking of the people that form the diverse TCSMS team,” says Cohen. “That has literally transformed the way that projects are sold. We have deliberately brought into the company, the most visionary in their field, and encouraged them to flourish.” Working with a developer early in the project gives Cohen and his team the ability to offer valuable advice and research before the
18 condolife magazine | July 31–Aug. 28, 2021
PHOTO: TCS MARKETING SYSTEMS
TCS MARKETING SYSTEMS LAUNCHES REAL ESTATE MARKETING, SALES TEAM
The executive team of TSC Marketing Systems, from left: Glen Buttigieg, vice-president of sales; Onkar Dhillion, vice-president of operations; Mark Cohen, managing partner; and Serena Quaglia, vice-president of strategy.
approvals process. Understanding what sells, they advise on various suite and design features that they know work and, together with the builder, determine how to maximize revenue. Most important, TCSMS is able to build a proprietary data system for each of their clients – a unique offering specific to TCSMS. “Working with Mark and his team over the past 12 years, I have grown to appreciate how buttoned down they are and how they are more a partner rather than consultant to our projects,” says Gary Bensky, president of Wycliffe Homes. TCSMS values its relationships with the brokerage community, and constantly goes out of its way to foster those connections with longstanding co-operative agents, as well as new ones. “Our transactions are performed in more than 10 languages, both in the GTA and the many overseas investor
markets with whom we work,” says Onkar Dhillon, vice-president of operations for TCSMS. “This allows us the outreach to ensure a positive outcome for our clients and the agent community.” It’s worth watching TCSMS over the next 15 years to witness this dynamic force forge a new dimension to preconstruction real estate marketing and sales across Canada. ABOUT THE COMPANY
TCS Marketing Systems is a sales advisory group that works with developers to build exceptional value for their pre-construction projects and the communities they are shaping. The company has 35-plus years of experience selling high-, mid-, lowrise and masterplanned communities in 22 markets across Canada. tcsms.ca
ADVICE | STAT CHAT
‘SHRINKFLATION’ IT’S HERE AND ALIVE AND WELL IN THE 905
BEN MYERS
According to Wikipedia, “shrinkflation” is an economic term that describes the process of items shrinking in size or quantity, while their prices remain the same or increase. In a short report to subscribers to the Bullpen Consulting newsletter, my firm outlined how new condominium unit sizes are shrinking, while prices are increasing significantly in the suburban municipalities surrounding the city of Toronto (often referred to as the 905). In our analysis, new condo unit sizes in Toronto were fairly flat over the past 3.5 years. In fact, the median unit sizes are actually increasing for two-bedroom and two-bedroom plus den suites, as the city has had a high number of luxury projects with large suites come to market over the past three years. This might be a little shocking to people, as they think of the Toronto condo market as delivering only tiny suites. There is strong demand from affluent move-down buyers for
large suites in boutique buildings. Secondly, when people think of condos, they think of highrise towers in Toronto’s downtown core. But this isn’t the case anymore. According to sales data via a market presentation from the Altus Group, the GTA new condo market in 2019 saw the emergence of the 905 area, and the first year that there were more new suburban highrise sales than 416 new highrise sales. That trend continued in 2020. With high sales and demand, we get higher prices. In June for 2021, the average asking price of new condominium floorplans in the GTA suburban markets was $938 per sq. ft., an increase of 18 per cent annually from $795 per sq. ft. in June 2020. By comparison, the average price in Toronto was $1,408 per sq. ft., up five per cent annually. The municipalities outside the GTA, but within the Greater Golden Horseshoe, had an average price of $717 per sq. ft. in June 2021, rising four per cent year-over-year. The pricing is attractive to investors in the 905, as they come much cheaper than the 416 – by 50 per cent. However, there is still strong end-user condo demand in the suburbs, and pricing is becoming
unaffordable. To keep the end-selling price more reasonable, developers have been shrinking unit sizes. When comparing 2021 median new condo unit sizes to 2018 median sizes in the GTA’s suburban municipalities, one-bedroom units are 20 sq. ft. smaller, one-bedroom plus den units about 30 sq. ft. smaller, two-bedroom units 35 sq. ft. smaller, and twobedroom plus den units are 50 sq. ft. smaller. Units in the suburbs used to be about eight per cent larger than in the city of Toronto, but they are now just four per cent larger. Shrinkflation is alive and well in the 905. There is no doubt in my mind that house prices in the GTA will continue to rise over the long term (short term is always hard to forecast), as demand continues to far exceed supply. When the borders are fully opened, immigration returns to normal levels, students are back, COVIDrelated unemployment is reduced and tourism is back, I see only more demand for ownership and rental housing in the GTA, further boosting end-user and investor appetite. If you are in the market for a new condo, do your research, only buy what you can afford, and surround yourself with an experienced team. Good luck. Ben Myers is President of Bullpen Consulting, a boutique residential real estate advisory firm specializing in condominium and rental apartment market studies, forecasts and valuations for developers, lenders and land owners. bullpenconsulting.ca Twitter@benmyers29
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nexthome.ca | myhomepage.ca 19
#InsidetheGTA by SUSAN LEGGE
GTA
JAC CONDOS
JAC CONDOS BREAKS GROUND IN DOWNTOWN TORONTO Graywood Developments and Phantom Developments are two busy developers, having recently broken ground on JAC Condos at Jarvis and Carlton streets in Toronto. This is Graywood’s fifth Toronto project under active construction, alongside 250 Lawrence, Wonder Condos, Peter and Adelaide and Scout Condos. JAC is Phantom’s third, along with 8 Cumberland and Teagarden Condos. JAC Condos will include restored facades of the 1902 Beaux Arts Mansion on site. The reimagined “house” will serve as a gathering place for building residents, and will include a fully wired tech lounge, coffee bar, library and multiple flex spaces to facilitate working and learning. A serenity room and yoga studio are also part of the planned amenities. For more information, visit jaccondos.com.
Eleven Altamont presentation centre is now open Heathwood Homes has opened its new presentation centre for The Residences of Eleven Altamont. This exclusive community of 26 luxury boutique townhomes is within walking distance of the many exciting new restaurants, boutiques and essential services that line the Yonge 20 condolife magazine | July 31–Aug. 28, 2021
Street and Finch Avenue corridor of North York. Check out the community’s outdoor spaces – a yoga retreat, children’s play area and a spacious courtyard are planned – when you make an appointment to visit. heathwood.com/altamont
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Edenshaw Developments, in partnership with Windsor Private Capital, just announced the acquisition of a 1.48-acre, high-density, transit-oriented infill site on the west side of Hurontario Street adjacent to the Hurontario Light Rail Transit Station, and the Port Credit GO Mobility Hub in Mississauga.
Canderel brings luxury towns to Bayview at the Village Canderel has launched a new collection of townhomes at its Bayview at the Village condominium community, entitled The Willows Townhome Collection. The release includes rare onestorey townhomes and traditional two-storey designs with expansive private rooftop terraces are also available. Surrounded by singlefamily homes and tucked behind the 10-storey boutique Bayview at The
Village and a new community park, residents of The Willows will feel right at home in the Bayview at The Village community. Located steps away from Bessarion Subway Station, Bayview Village Shopping Centre and the new Bessarion Community Centre, prices for the townhomes start from $1.3 million. Penthouse suites start in the mid-$700,000s. bayview.canderelresidential.com
A sign of things to come Altree Developments is inviting homebuyers to “escape the ordinary” at its Highland Commons community
Resort-like living at Fenelon Lakes Club There are plenty of single-detached homes for sale in Georgian Bay, the Kawarthas and Muskoka, but what about condominiums? MDM Developments’ Fenelon Lakes Club is designed to fill that void with a limited collection of 86 private residences located in the Kawarthas. Featuring resort-style amenities such as an outdoor pool and entertaining space, fitness centre, games room and fireside lounge, the lakeside location on Cameron Lake can’t be beat, with boating, kayaking and canoeing right outside your front door. fenelonlakesclub.ca
in east Toronto. This one-of-akind location in Highland Creek is surrounded by mature trees, meandering creeks, and the beautiful trails of Colonel Danforth Park and Rouge National Urban Park. Easy access to shopping, highways, transit and downtown Toronto make this location one of the hottest new releases of the summer. thehighlandcommons.com nexthome.ca | myhomepage.ca 21
COVER STORY
TALKING SCRATCH WITH JACK FROM BRICKS AND BEAMS TO DESIGN AND TECHNOLOGY, DAZZ GROUP BRINGS IT ALL HOME Some builders specialize in drawing up designs, while others have mastered digging dirt. Some have perfected the art of securing permits, others excel at putting in the sewers, water and electric lines. There are architects, designers and a plethora of others who do the creative work. When considering everything that goes into building your home – you want someone who brings a vast knowledge of all components – well-rounded expertise, experience and the reputation to back it all up. 22 condolife magazine | July 31–Aug. 28, 2021
Meet Jack Da Silva, president and CEO of DAZZ Group. As an established real estate developer, DAZZ Group specializes in the complete development process, from design, architecture, engineering and planning, to develop your unique home. The company’s mission is to deliver an exceptional value proposition through a collaborative approach of multidisciplinary teams to develop customizable solutions, inspired by an integrated approach to all in-house services.
DAZZ Group offers a broad range of modern highquality services, including architectural and structural design, civil engineering, interior and lighting design, and landscape architecture for residential and commercial projects. This holistic approach saves time, reduces costs and delivers innovative solutions, complemented with fine craftsmanship gained by decades of experience, starting with building from scratch, to renovating old buildings and designing vibrant, functional homes you will be proud to live in. We sat down with Da Silva to talk about the company’s latest endeavours.
CONDO LIFE: When you built custom homes, you
CONDO LIFE: You started as a custom builder and have recently moved to building communities. What made you want to make the leap? DA SILVA: It’s the excitement of making new communities. These communities start off with a lifeless and uninspiring property. Being able to use our vision to build it into something beautiful is just so rewarding.
CONDO LIFE: DAZZ Group is a family affair. Was
CONDO LIFE: Your instinct to build in St. Catharines
is timely, given it is among the top places to live in Canada. Do you have a list of criteria when choosing where to build new communities? DA SILVA: We look at a lot of different criteria when building new communities in new and up-andcoming areas. I look for an area that is growing, has opportunities, convenient access to urban amenities and abundant nature. A place that invites diversity, culture and, most importantly, presents an elevated quality of life.
were known for modern homes, constructed with old-world craftsmanship. Is that what sets you apart as a builder? DA SILVA: What sets me apart as a builder is that I always build a product, no matter where, when and how many, as if it was my own principal home. I take exceptional care; I fuss over every detail and enjoy doing it. Attention to detail is critical because a home is one of the most important and biggest investments that a family or person makes in their entire life. I respect that – so we give our everything – expertise, knowledge – and go the extra mile to make it their perfect dream home.
it always your hope that the family would follow in your footsteps? What are their roles in the company? DA SILVA: Yes, it was always my dream to have my family together in business. Ana, Daniel and Mathew are superb leaders and managers in the company, and run the development, construction management and sales processes. CONDO LIFE: What do you do when you’re not
checking out sites and building new homes? DA SILVA: When I am not checking out sites and building
homes, I am always spending time with my family, taking my youngest, Noah, to his soccer practices and games. I love watching him play. I am a family man, and have also helped raise money to build three homes in the Dominican Republic for families who do not have a home. DAZZ Group paid for all the materials and even went there for a week to complete the homes for them.
St. Catharines is among the top cities to live in Canada!
nexthome.ca | myhomepage.ca 23
Artist Concept
As a builder with a passion for creating the perfect home, DAZZ Group is proud to introduce St. Kitt’s Urban Towns, coming this September. It will be an enviable community of 290 thoughtfully designed, modern oneand two-bedroom suites that complement one’s lifestyle. The spacious urban towns range in size from 900 to 1,569 sq. ft. with beautiful balconies for your best al fresco life. Lush and lively, St. Catharines, better known as “the Garden City,” is an idyllic, highly coveted lifestyle destination that holds onto its small-town charm, yet offers all the urban conveniences. Celebrated for its epic natural tourist attractions, St. Catharines boasts a plethora of parks, hiking trails, forested paths, waterfalls 24 condolife magazine | July 31–Aug. 28, 2021
and its outstanding Port Dalhousie waterfront. The historic yet vibrant downtown invites fabulous shopping and dining, along with one of the oldest farmers’ markets in Ontario. Culturally rich and diverse, patrons of the arts will enjoy an eclectic array of art galleries, theatrical performances, and everyone’s favourite summer traditions – concerts and rib fests in the park. From family-friendly farm visits, nearby golf courses and several stellar wineries to enjoying local sips, St. Catharines is a charming community and offers a way of life that you’ve always dreamt of. Coming September 2021 Register now at website: stkittsurbantowns.com
We’re heading West! WINNIPEG GREATER TORONTO
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ADVICE | HOME REALTY
HOW TO CHOOSE A NEW HOME & CONDO REAL ESTATE AGENT
DEBBIE COSIC
Whether you are a first-time homebuyer or a seasoned owner, your next home or condominium purchase may well be one of the single largest financial or lifestyle investments of your life. If you are purchasing pre-construction, choosing a real estate agent to work with is especially important. The scenario is quite different from resale, where the home is already complete, and possession can take place quickly. With pre-sale, unless you buy an inventory home or suite, you will have months, if not years, to move in. You may purchase from floorplans in order to get in early during the selling process, and find the best prices and plans. One of the best things you can do is ask friends, family members and colleagues for referrals. For an agent, reputation is everything, and who better to speak with than people you know and trust? You want to zero in on an agent who is experienced in matching clients with similar needs. For example, maybe you already have an agent for a cottage you purchased. It is unlikely that person will know the downtown Toronto market, so it would be wise to find someone who does. Many homeowners have more than one agent, depending on their residential needs. I have an agent for my cottage, one for my Florida property, and if I wasn’t an agent myself, I’d have one for my Toronto residence. Some agents are specialists in specific areas of the Greater Toronto Area. A real estate professional selling in established Forest Hill
26 condolife magazine | July 31–Aug. 28, 2021
might not be conversant with upand-coming neighbourhoods such as Leslieville or West Don Lands. You will also find that agents have a wide range of career experience. On one hand, someone who has been in the business for decades will have a lot of knowledge to draw from. There are a lot of “superstar” agents out there. Newer agents keen to build a portfolio may work really hard to match clients with their ideal choices. If you find someone who is honest and hard working but short on experience, that may be the best way to go. The main thing is to find someone you connect with. How do you do that? Interview potential agents the way you might interview anyone else you hire, such as cleaning staff or daycare workers. When you purchase a property, you establish a relationship with the agent, whose job it is to help you find the right home or condo for your individual needs. If you are looking to add to or diversify your financial portfolio, ask what experience the agent has in finding residences that are likely to bring a substantial ROI. Remember that buying pre-construction is different from resale – and purchasing lowrise is not the same
as condominium. If you choose to go condo, be sure your agent is well versed in Ontario Condominium Law and can explain exactly what you are buying. In addition, you want to be sure the agent you are considering has access to the condo buildings that interest you. Access comes from success. When considering buying preconstruction, always try and get on the Builders Registration or Friends and Family preferred lists. This will give you access before most people. However, if that isn’t possible, building a relationship and gaining access through a VIP agent is a great alternative. Visit agent websites and seek out word of mouth. Find someone you trust and have confidence in. Then enjoy the purchase. Debbie Cosic is CEO and founder of In2ition Realty. She has overseen the sale of more than $15 billion worth of real estate. With Debbie at its helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. in2ition.ca
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ADVICE | WESTERN VIEW
MORE SUPPLY IS THE ONLY SOLUTION TO THE HOUSING CRISIS
MIKE COLLINS-WILLIAMS
Hamilton made eyepopping headlines last month when the city was reported to be the third-least affordable city in North America when it comes to housing (topped only by Vancouver and Toronto). How did we reach the point where Hamilton is less affordable than major U.S. metros such as San Francisco and New York City? New research from the environmental NGO The Smart Prosperity Institute shows that Hamilton and other municipalities across the GTA are not building enough housing of all types to keep up with our population growth. In fact, the report’s author, Dr. Mike Moffatt, found that over the past five years, Ontario has come about 100,000 new housing units short of population growth and household formation. Rapid population growth, combined with slower home construction, has pushed up housing demand and, consequently, housing prices. As a result, more people “drive until they qualify” for a mortgage. It started in Toronto, with families driving away from the city, driving prices up in communities such as Barrie, Hamilton and Oshawa. These price increases in surrounding areas have led to the musical chairs effect, in which existing residents in communities such as Hamilton, who wish to buy a property, can no longer afford homes in their own city. They, in turn, have to drive until they arrive at an affordable community, often
28 condolife magazine | July 31–Aug. 28, 2021
down the QEW in Niagara Region or up the 403 in Brantford and beyond. This has generated a cascading effect on housing affordability across southern Ontario. The Hamilton-specific research implies that although the city gained new residents from Toronto, in the past five years, it also lost more than 15,000 existing residents to more affordable communities further out. This lack of affordability, which started well before the pandemic, has caused an exodus of young families from more expensive communities due to lack of available housing that suits their needs. It is now in the hands of local political leaders to decide on the level of affordability and inclusivity of their own communities moving forward, by enacting better policies to encourage the construction of more housing supply. The population pressures leading to this point are not likely to diminish. The Greater Golden Horseshoe will continue to attract international talent, especially with the federal government’s recent announcement of increased immigration targets. With our strong and diversified economy, this region has the potential to entice talented newcomers and graduates to stay and work.
However, if the housing supply fails to keep up with demand, more young families will embark on the “drive until you qualify” route to find cheaper housing further and further away. If the housing shortage aggravates, it will increase housing prices even more, pricing out both newcomers and existing members of our community. As more young families and talent are looking for room to settle and grow, the need for balanced solutions to address the chronic undersupply of housing is prominent. This means our region needs room to grow both up, through intensification, and out, through new opportunities for more spacious housing and a backyard. Young Ontarians need to have more choices, not less. We need to stop constraining our housing supply and ensure that we are planning for a full range of different housing types to suit all our needs. Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.
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ADVICE | PERSONAL FINANCE
FIRST-TIME ASSISTANCE WHAT TOOLS ARE AVAILABLE TO HELP YOU PURCHASE YOUR FIRST HOME? having a co-signer could increase your home affordability and chances of mortgage approval.
JESSE ABRAMS
Many Canadians set the goal of buying a home. However, the process isn’t always easy to do on your own, especially the first time around. From making a down payment and getting approved for a mortgage to keeping up with rising prices, it’s common for first-time buyers to get discouraged. Fortunately, there are a number of tools available to help you reach the goal of homeownership. DETERMINE AFFORDABILITY WITH PRE-APPROVAL
I can’t tell you how many potential homebuyers come to us at Homewise and discover they can afford a lot more than they expected. Getting pre-approved helps you gain a broader view of your current financial situation and affordability, as well as the potential monthly fees that come with a mortgage. HELP FROM A CO-SIGNER
Sometimes, first-time buyers are unable to make a home purchase because their credit score needs improving or their monthly income isn’t sufficient. Applying with a cosigner is a great solution to these common roadblocks. A co-signer is someone who applies for a mortgage with you, legally agrees to take liability on the loan and is responsible to pay off the debt if you’re unable to make payments. If you currently have too much debt or not enough income to afford a particular home,
GIFTED DOWN PAYMENT
Roughly 30 per cent of Canadian homebuyers get help from a parent or family member when making a down payment – most commonly in the form of a gift. This is considered to be a portion of money that is given to the buyer by a parent or family member to use toward their down payment. You are then required to provide your lender a gift letter that explains who your family member is, the amount they are giving you and an explanation that the money is being used for your home purchase and doesn’t need to be repaid. GOVERNMENT INCENTIVES
Over the years, the Canadian government has introduced many great programs and incentives for firsttime buyers. These include: 1. The Home Buyers’ Plan (HBP) The HBP allows first-time homebuyers to withdraw up to $35,000 tax-free from their Registered Retirement Savings Plans (RRSPs) to buy or build a qualifying home. It gives you the chance to tap into additional funds to pay your required down payment and re-contribute this money back into your RRSP within a 15-year period. If you’re buying a home with someone who also qualifies for the HBP, the two of you will be eligible to double the maximum amount to $70,000 when you apply together. 2. Land Transfer Tax Rebate As a homebuyer, you’ll need to pay for land transfer taxes when you buy a home along with other
essential closing costs. Fortunately, for first-time buyers, there’s a LandTransfer Tax Rebate to offset this additional cost. 3. First-Time Home Buyer Incentive This incentive serves as a great tool for first-time buyers to reach their homeownership goals. It is a shared equity program that offers first-time buyers five per cent on the purchase price of resale properties and 10 per cent on the purchase price of new builds to put toward a down payment. Essentially, the government makes a shared investment in your home and participates in the transaction with you, which is why the amount is registered as a second mortgage on the property. Buyers are then required to pay the money back interest-free to Canada Mortgage and Housing Corp. within 25 years of purchase or once the property is sold. Buying a home can be a simple and stress-free process. There are plenty of tools available that you can use to make the process easier and more affordable. As well, it’s always a good idea to seek help from an expert mortgage advisor, such as our team at Homewise, so you can receive the guidance needed to find the best mortgage and make the right home purchase.
Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com
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nexthome.ca | myhomepage.ca 29
NEIGHBOURHOOD WATCH
COLLINGWOOD FOUR SEASONS PLAYGROUND MORE THAN JUST A VACATION DESTINATION by WAYNE KARL Collingwood has long been a popular vacation destination, mostly as a weekend winter getaway to tackle some of the best skiing in Ontario at The Blue Mountains. Summertime, too, has seen increasing activity, as residents from the GTA and elsewhere head to “Blue” for cycling, golf and many of the other activities and festivals in the area. COVID restrictions permitting, of course. But there’s a lot more happening in this part of Simcoe County, situated on the Nottawasaga Bay at the southern Georgian Bay Region. A beautiful natural location will do that. TRANSITIONING FOR THE FUTURE
Economically, it’s fair to say that Collingwood is an area in transition. The town’s traditional industrial base 30 condolife magazine | July 31–Aug. 28, 2021
has been in decline for years, though the waterfront Collingwood Terminals grain elevators remain standing as a reminder of this heritage. Some view the massive grey structure, dormant for more than 25 years, as an eyesore for an area blessed with such natural surroundings. The Town is said to be considering selling, preserving or even dismantling the landmark silos. All of this underlines the growing importance of Collingwood to maximize its potential as a fourseason recreation destination, blessed with mountains on one side and Georgian Bay on the other, while developing new economic opportunities. And to do it all at a pace and size that doesn’t result in the loss of greenspace or the “small-town feeling” that residents and visitors alike have come to love.
In a recent poll conducted by the Town, the overwhelming majority of respondents (63 per cent) believe the municipality should focus on growing the knowledge-based industry. There is already a strong and growing tech industry in town, including the only deuterium producer in Canada, the largest industrial glass manufacturer in North America, and a maker of advanced underwater communications. The survey also revealed that just 29 per cent of respondents said job growth in Collingwood should focus on tourism, highlighting a local concern that the town relies too heavily on that sector. CAREFUL DEVELOPMENT
The survey further revealed that residents prefer any new home
LOCATION, LOCATION, LOCATION
In Simcoe County, on the Nottawasaga Bay, at the southern point of Georgian Bay; population 21,793; 160 kms north of Toronto; 21 kms to Wasaga Beach. KEY LANDMARKS
development focus on the multi-family category, such as condominiums and other mixed-use buildings on smaller lots, as well as Green housing. Given the area’s popularity as a playground destination, real estate in Collingwood sometimes shows the fluctuations that typify the recreational property market.
popular new-home destinations. If you’ve visited the area recently, recall the drive up, and passing through surrounding towns such as Barrie, Wasaga, Shelburne, Horseshoe Valley, Innisfil, Holland Landing, Oro Medonte, Beeton, Dundalk… all of these areas have new home developments from prominent GTA builders such as Fieldgate
Collingwood average residential prices
2019
2020
’19-20% chg
2021 forecast
$538,172
$643,444
19.5%
$694,919
Source: ReMax 2021 Housing Market Outlook Many recent buyers are residents from the GTA purchasing vacation properties, or cashing out their primary residences in the city and moving north for retirement, reflected in the older demographic in town. And in terms of recreational property, this is where Collingwood proves its mettle.
Homes, Flato Developments, Georgian, Democrat Homes, Rosehaven Homes, and Geranium. NATURE LOVER’S PARADISE
At any time of year, Collingwood is a nature lover’s paradise. Of course, there’s expert skiing at Blue Mountain in winter, as well as countless snow-
Collingwood waterfront recreational property prices
2019
2020
2021
’19-20% chg
2021 forecast
$1.13M
$1.07M
$1.20M
7
$1.26M
• Blue Mountain Resort • Collingwood Curling Club • Collingwood Museum • Cranberry Golf Course • Creative Simcoe Street • Eddie Bush Memorial Arena • The Blue Mountains • Tyrolean Village Resorts SELECT HOUSING DEVELOPMENTS COLLINGWOOD AND AREA
BEA Townhomes By StateView Homes stateviewhomes.com Beeton Village By Flato Developments flatogroup.com Braestone Estates By Georgian Communities georgiancommunities.ca Edgewood Greens By Flato Developments flatogroup.com Emerald Crossing By Fieldgate Homes fieldgatehomes.com Forest Heights Estates By Democrat Homes democrathomes.com Holland Landing By Rosehaven Homes rosehavenhomes.com Mountain House at Windfall By Georgian Communities georgiancommunities.ca
Source: ReMax Recreational Property Report Still, given the prized location and blessed natural abundance in Collingwood, it’s no surprise that new home development is taking place to cater to the growing demand. Georgian Communities has a number of prominent new developments in the area, including Mountain House at Windfall, right in Collingwood. The beauty of this area is also its proximity to other sought-after locales, which are also growing into
shoeing, snowmobiling or crosscountry skiing options. In the warmer months, hit the links at any one of the handful of championship courses in the area, from the semi-private Cranberry Golf Resort, to Monterra at Blue Mountain Resort, to the Georgian Bay Club and more. Or book a breathtaking treetop canopy walk, or zipline adventure, or just hit the beach for a swim or canoe
or kayak rental. And if you’ve never been, head over to Wasaga Beach, the world’s longest freshwater beach, a short distance away. Festivals? You want festivals? Collingwood’s got lots of them, from Collingwood Whiskylicious, the Peak to Shore Music Festival, Keys to Collingwood Street Piano Festival and the famous annual Elvis Festival. All, of course, COVID permitting. nexthome.ca | myhomepage.ca 31
IN CONVERSATION WITH...
MIKE COLLINS-WILLIAMS CHIEF EXECUTIVE OFFICER WEST END HOME BUILDERS’ ASSOCIATION BY WAYNE KARL
As more residents of Toronto and surrounding areas head further out of the core in search of more affordable lowrise homes, one favourite destination has been west – to Burlington, Hamilton and other locales. But these areas, too, are now experiencing challenges with the housing market, chiefly supply, and rapid – and sometimes prohibitive – price growth. Mike Collins-Williams, chief executive officer of the West End Home Builders’ Association (formerly Hamilton Halton Home Builders’ Association), discusses these important issues and possible solutions. Let’s start with an easy one… How did you come from moving from the Ontario Home Builders’ Association (OHBA) to the West End Home Builders’ Association (WEHBA)? I spent the last decade of my career with the OHBA, working on a wide 32 condolife magazine | July 31–Aug. 28, 2021
range of urban planning and housing policies. During my time at OHBA I always loved working with members in Hamilton and the Halton Region. I am particularly excited about the future of Hamilton, which has tremendous potential to emerge from the pandemic as a powerhouse mid-sized city. When the opportunity came up to shift gears from provincial issues into this role, I jumped on it. How do the issues facing builders in the WEHBA differ from what those in Toronto face? While it does not have the same dense financial core and sky-scraping condos as Toronto, Hamilton is rapidly evolving. With the Hamilton LRT now fully funded, the downtown will soon be a destination for investment in transit-oriented communities. That investment, combined with accelerating population growth, provides a larger customer base for restaurants, bars, retail stores and other local
businesses that shape vibrant city centres. I am very bullish on the future of Hamilton. Toronto city council is proposing an Inclusionary Zoning policy that could add significant costs to the price of new homes. What are municipalities in your area doing about this issue? Some might be watching the Toronto example to base their policies around that… Housing affordability is a challenge across Ontario. Although many municipalities are monitoring Inclusionary Zoning in Toronto, let’s not forget that Toronto hasn’t always been a great example of implementing effective policies that maintain housing affordability. Inclusionary Zoning has worked in some American cities where a true partnership model has emerged, with governments providing cost offsets to create affordable housing. The problem in Toronto is that partnering to offset costs is not on the table,
meaning that any affordable units would be subsidized by increasing the price on all other units, making housing even less affordable overall. The Smart Prosperity Institute recently released a report that provides a detailed picture of Hamilton’s demographic development over the past 10 years, indicating an exodus of young families out of the region due to lack of affordability and housing options. How serious a problem is this, and what is the answer? In the last few years, a lot of Toronto residents have headed that way, due to the same issues here… The housing affordability crisis is not confined to one city; it is a regional issue, and it is getting worse. It has created a musical chairs effect where families and young people are leaving Toronto to find more affordable housing in adjacent municipalities, displacing locals who can no longer afford to live in their own community. In Hamilton’s case, there is more demand for housing from people leaving Toronto than actual housing supply. This lack of housing has driven prices so high that Hamilton is now
the third least affordable city in North America. Young people and families who call Hamilton home are now forced to leave and look for more affordable options elsewhere. To put it bluntly, we need to build more housing to put a lid on rapid price growth and find a better equilibrium between supply and demand. The City of Burlington recently acted to remove the Downtown Burlington Urban Growth Centre and relocate it to overlap with the existing Burlington GO Major Transit Station Area. What does this mean in terms of housing development, and what are the potential implications for prospective homebuyers? The City of Burlington should be planning for more housing options, not less. While GO stations are absolutely where growth should be occurring, both downtown Burlington and the Burlington GO Station should offer residents a wider variety of housing choice. I’m worried that, going forward, there will be fewer and fewer new housing options in downtown Burlington. This could make the waterfront inaccessible to first-time buyers, as smaller boutique buildings will most likely be high-end luxury condos.
What are some of the other challenges the industry is facing in the WEHBA? The lack of skilled trades continues to be an issue. We need to encourage more young people to consider careers in construction. The skilled trades can be a very rewarding career in terms of reliable work and solid income, and offer the opportunity to contribute to the creation of new communities within our cities and towns. All of the above challenges aside, where and what are some of the most promising homebuying opportunities in the West End? Downtown Hamilton already has all the puzzle pieces with great restaurants, shops and night life, as well as beautiful heritage buildings that rival any city in Canada. Downtown Hamilton really is the next big thing in the space of mid-sized cities in North America. We have two leading educational institutions, a burgeoning tech sector, major clean-ups of old brownfield industrial sites on the waterfront and the new $3.4-billion LRT, which is an absolute game changer for the city. The best is definitely yet to come for Hamilton.
on a personal note How have you been managing during the pandemic? Picked up any new hobbies or acquired any new skills? At the beginning of the pandemic, I thought I would have a lot of extra time on my hands and had hoped to pick up a new language (German in preparation for an OHBA Housing Tour to Vienna), but starting a new job has certainly taken up a lot of my time. I’ve dedicated a lot of time to getting more acquainted with housing and planning issues in Hamilton and Burlington. Still, I have spent more time outdoors, paddling, cycling and backcountry camping, which have been bright spots in this rather challenging year-and-a-half. What do you look forward to doing most when things fully reopen and we return to “normal”? I am a huge “metal head,” and can’t wait to get back to enjoying live music! What’s on your reading list these days? I just finished reading Reclaiming Hamilton, which provided great insights into urban issues and the history of Hamilton. I just started reading Memoirs by Mikhail Gorbachev, an inside look into the politics of the Soviet Union during his life through perestroika until the collapse of the USSR.
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ADVICE | LEGALLY SPEAKING
WHY SINGLES NEED A WILL BEFORE CLOSING YOUR HOME PURCHASE JACQUELINE MONETA, JD, & JAYSON SCHWARZ, LLM
This is a difficult article to write. We have to balance the importance of the message with the delicacy of the topic. Please try not to be offended. This is reality, and sometimes we just have to deal with it. Before you close on your new home purchase, it’s important to speak with a lawyer who is knowledgeable about your real estate deal, as well as wills and powers of attorney. This may mean that if your real estate lawyer does not have the expertise, perhaps his associate, partner or another lawyer can guide you on matters concerning your will or estate, and help you formulate a plan. At our firm, as an example Hamza Ahmad will close your deal, but Jacqueline Moneta will prepare your will and powers of attorney. Buying a house can be stressful, but having a plan will help keep you
on track and will alleviate stress. For most people, their home is their biggest purchase and most valuable asset. But, if you’re single, what happens if you pass away? Where does your house go? I have had many conversations with survivors where there is no will and everything is a mess. You aren’t doing anyone any favours by not having a will. It is extremely important you have a will and powers of attorney. OWNING PROPERTY ALONE
Being alone on title is common for those who are single, separated, investors, widowed, divorced or where one spouse is an entrepreneur or may be worried about creditors, and the property is in only the other spouse’s name. Here you sit with what could be your single biggest asset, and if something happens to you, not only do you not have someone to manage your estate, but it will leave a horrible mess. If you’re sole owner on title to a property, the home will form part of the assets of your estate, and yet until someone applies to become
the Trustee, everything would be in limbo. There are rules promulgated by the Government of Ontario on how property passes when you die intestate (without a will), and frankly, the process takes time, and you may not like the result of the distribution. In the meantime, who is making mortgage payments, cutting the grass and letting out your dog (oh dear!)? Another unpleasant scenario is if you are left in a vegetative state by a serious accident, with no one to make decisions. What happens then? Conclusion – you need a will. You need a power of attorney for health, and one for property. This is critical. You are buying a house, so you can’t mess around; spend the $600 to $900 to prepare a will and powers of attorney. Speak to your real estate lawyer and ask if they can do your wills, so they are ready when you close on the house. Don’t wait. After 43 years of being a lawyer, let me tell you – if you wait, you won’t do it! It is so important to work with a lawyer you trust, not only in helping you with the purchase of your property, but also in the preparation of your will and powers of attorney, so you are prepared with a plan no matter what life throws at you.
Jayson Schwarz, LLM, and Jacqueline Moneta, JD, are with Schwarz Law LLP. To suggest topics for future columns or ask questions, visit schwarzlaw.ca.
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ADVICE | THE MARKETING EDGE
CONNECTING WITH MILLENNIALS THIS GROWING BUYER DEMOGRAPHIC REQUIRES DEEPER CONNECTIONS AND NEW TOOLS
NICK MONTELEONE Emerging as the largest single group in new real estate purchasing, Millennials are replacing Baby Boomers as the dominant demographic in Toronto and the GTA. Once considered counterculture, this audience is now the mainstream, but marketers need to be mindful in order to make deeper and more meaningful connections. Brands need to be more personal and accountable; digital experiences need to be user-led and purposeful to fully resonate with this audience. Millennials, aged 24 to 40, are buying real estate in record numbers. While they were somewhat late to the party, they are making up for lost time and are doing so in ways significantly different than their predecessors. According to The National Association of Realtors (Homebuyer & Seller Generational Trends in 2019), “eighty-one per cent of older Millennials found their home through a mobile app. Given this, the
real estate world is recognizing that leveraging technology will enable it to capture the generation focused on ‘swiping right’.” Connecting with Millennials requires a digital-first approach and anticipating what information and touchpoints they require in order to research the neighbourhood, learn about the developer and team and make a decision. While websites paint a robust picture of the project’s surrounding neighbourhood, rich online visualizations and experiences continue to be the best way to showcase both product and amenities. A purposeful website needs to be current and contemporary; it must provide a streamlined user experience that makes it as easy as possible to view floorplans, site plans and amenities. Millennials react far better to content than they do to traditional advertising. Meaning, they’d rather read something with relevance and click on a “call to action” than get a popup ad. Millennials seek an easy customer experience; they want the information they need to be easy to access and uncomplicated. They prefer videos
over reading, stories over ad-speak and online tools to help them select and personalize their potential suites or homes. Developers should consider offering connections with banks to navigate mortgages, host webinars to educate and inform. The entire online experience should smooth the buying process and help purchasers through the various stages of buying a new home, including preand post- move-ins. And above all, the site should facilitate connection to a sales agent quickly and easily. The pandemic has significantly changed how we market new real estate. Today’s sellers are old hands at marketing in a digital world; virtual sales centres, online videos, 3D walk-through experiences, even purchasing, can be handled completely online. This new reality is incredibly compatible with the style of marketing that appeals to Millennials. We predict that the future will see more digital capabilities galvanized to make it even more convenient for this lucrative market to thrive. Nick Monteleone is Principal and Creative Director, 52 Pick-up Inc., with an extensive background in design. Monteleone is a strong believer in targeted marketing and has helped builder-developer clients sell billions of dollars in new construction over the past 20-plus years. 52pick-up.com
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BUILDER PROFILE | MISSISSAUGA
ARTE RESIDENCES NEW EMBLEM CONDO COMING VERY SOON Emblem Developments’ last project, 1 Jarvis, sold out in 48 hours. Yes, 354 units sold in 48 hours. The developer that has established a reputation as being obsessed with great design and “forever buildings,” is once again making news, unveiling its collaboration with globally renowned artist Daniel Mazzone in the creation of Arte Residences. Located in Mississauga at 89 Dundas St. W., Arte is a few blocks south of Square One and 300 metres from the Hurontario LRT, currently under construction. Another 38 condolife magazine | July 31–Aug. 28, 2021
distinctive and standout project from the design-forward Canadian residential developer, this stunning new building cements Emblem as a key player in the future vision of downtown Mississauga. “We identify development sites which are opportunistic and poised for meaningful price appreciation, then combine it with exceptional design that is unmatched by anything around it,” says Kash Pashootan, Emblem’s chief executive officer. “This formula is what we are building our reputation on.”
Emblem has a disciplined investment process for acquiring land in strategic locations, as seen with past projects. This process comes from the firm’s founder, who has a rich history of more than 20 years in investing. This experience and expertise from the leadership team adds yet another dimension of benefit to Emblem homeowners. Pashootan elaborates: “Everyone knows what that ‘it feeling’ is when they walk into a special space – the right space. The feeling cannot always be explained, but it is clear and very
powerful when you experience it.” The company knows that this feeling happens when it has obsessed over the details and carefully considered the relationship and interactions between various building materials. “The ‘it feeling’ is what we are pursuing with each and every project,” he says. Emblem has made Arte Residences further distinct from other offerings in the area through their collaboration with globally renowned artist Daniel Mazzone. Mazzone, referred to as the next Andy Warhol, travelled to 14 countries last year, collecting materials for his upcoming art installations and is a key artist in the annual Art Basel art show in Miami. He is featured in both 1 Hotel and W Hotel, and his pieces have been collected by heavy hitters such as François-Henry Bennahmias, CEO of Audemars Piguet, and Randy Frankel, owner of the Tampa Bay Rays. Mazzone’s relationship with Pashootan presented the CEO with an opportunity to connect with the artist and convince him to collaborate
on the layouts, lobby, amenity spaces and design of Arte. “Daniel is not only well respected on the global stage, but he also embodies Emblem’s approach to design,” says Pashootan. “Creative and modern, yet having depth and expressing a classic aura which achieves ‘timeless.’ That is our thinking at Emblem, and you see that with Daniel’s work. His art features an icon, a classic, and creates something new that is beautiful and creative, but preserves the classic nature. When design is old and new at the same time, and it feels natural; that is the definition of Timeless.” Looking at Arte, it already evokes that feeling. Future residents will live surrounded by beauty for every part of their experience in this community. They will be swept up in a warm, welcoming community with a wealth of stunning luxury suites, a modern, extensive amenities package and transit opportunities that foster a balanced lifestyle. “With over 22,725 square feet
of indoor and outdoor space, Arte will feature amenities that surpass conventional norms, such as an outdoor fitness studio, outdoor rooftop bar and lounge, as well as an outdoor dining room with beautiful views and green walls for privacy. This and other amenities are all adorned with exceptional design to remind our homeowners that they have a piece of something rare and special,” says Pashootan. Uniquely, this new community goes beyond the norm and focuses on outdoor amenities as much as those found indoors. The indoor and outdoor co-working lounges, fitness areas and dining rooms are just some of the amenities that will offer places to recharge and socialize. The tower’s 18 storeys of creative architecture and thoughtful design transcend the ordinary and will forever change the standard in Mississauga. As part of its growth plan, the Dundas corridor is poised to welcome 52,000 new residents and 9,600 new jobs. Anchoring its rapid growth are the amenities that make a city truly livable: more parks, greenspaces and public art to enjoy, as well as dedicated cycling and bus lanes. “Whether one is buying for their future home or buying as an investment, the combination of location, steps to transit, collaboration with Mazzone, building design and suite layouts make this a highly desirable project,” says Shamil Jiwani, director of real estate at Emblem. For further information visit the website: emblemdevcorp.com nexthome.ca | myhomepage.ca 39
ADVICE | REAL INSIGHT
LOOKING UP GTA SALES AND PRICE FORECAST TRENDING HIGHER
KEvIN CRIGGER
The mid-year market outlook is trending higher than previously forecast, as GTA home sales and average sale prices were higher than expected in the first quarter of 2021, especially in March when we set an overall monthly sales record. For 2021, we are forecasting a total of 115,000 sales with an average sale price of $1.07 million. Since the beginning of the year, sales growth has outpaced that in new listings, which resulted in a double-digit annual pace of price growth. At the beginning of February, TRREB released its initial forecast in the annual Market Year in Review and Outlook report. While the previous outlook called for strong sales and an average selling price of more than $1 million, the updated outlook is a result of the record-breaking sales we saw in the first three months of the year. The record pace of sales peaked in March, with June transactions moderating, but still up year-overyear. On a monthly basis, sales generally follow a seasonal trend that sees sales volume moderate through the summer months. As for price, there was a double-digit increase compared to last year, but, as with sales, the year-over-year increases have moderated recently. The moderation in the market consistent with seasonal trends is likely temporary, with a resumption in population growth from immigration only months away. This will lead to
40 condolife magazine | July 31–Aug. 28, 2021
more competition between buyers, with a perpetually constrained supply of housing. Housing affordability will continue to be a challenge, as more people enter the GTA and require housing. TRREB has been calling on all levels of government to boost supply by cutting the red tape on new developments and streamlining the approval process to bring more inventory to market in a timely manner. In looking to solutions, a significant increase in supply is the only option to satisfying housing needs in a growing region. Policies focused on suppressing demand and utilizing housing transactions as revenue tools for municipalities have not worked. Whether renting or buying, affordable rental and homeownership options are critical. Policymakers,
who will be up for election in 2021 or 2022, need to develop and present their strategies for a better-supplied market moving forward. Learn more about what is happening in the real estate market by visiting trreb.ca. You can explore market reports across the GTA, including insights into the condo, rental and commercial market. Kevin Crigger, TRREB President and realtor, is a long-standing and active member at the Toronto Regional Real Estate Board. He has served all levels of the real estate industry, as well as local charities and educational institutions.
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ADVICE | ConDo pro
TIMING YOUR PURCHASE TIPS TO HELP YOU RIDE THE REAL ESTATE WAVE IN 2021
BARBARA LAwLOR
The visual image of riding a wave is appropriate because real estate tends to go in cycles. Sales fluctuate, as do prices and availability. Those of us in the industry are used to it, but sometimes our buyers forget that what goes up eventually comes down, and vice versa. Look at the sales slowdown caused by COVID-19 last year. After the shock began to wear off, we went into a flurry of demand so strong that lack of supply became a problem again. Even with prices rising, new homes and condominiums are selling like proverbial hotcakes. Timing has a lot to do with how your real estate purchase works for you. If you are looking to enter the new home marketplace or move to something larger, or even more compact, my advice is to act sooner rather than later. Remember the cycles I mentioned? Well, these historically low mortgage interest rates are bound to rise at some point. Why not take advantage of them now, before the cycle starts on the upswing again? One of the best ways to look at a condominium, or any new home purchase, is with a longterm outcome in mind. Looking back on the past few decades, real estate has proven to be an excellent investment. In a hot market such as the one right now, your return-oninvestment may begin before you even move in; in a softer market, it may take longer. Regardless, in the long run, you can sell in the next hot market if you choose to.
42 condolife magazine | July 31–Aug. 28, 2021
Mondria 1 in Oshawa
Of course, it all depends on your life circumstances and individual preferences. Once you set your sights on a few single-family home communities or condominiums, look at where in the selling cycle they are. Purchasing at the beginning means you’ll have a greater selection of suites, floors and views, or in the case of lowrise, floorplans and position on the streetscape. Those who buy early also have the benefit of time (often three to six years) to save money and plan for their move. They also get to choose features and finishes that will transform their house or suite into their “home.” Again, early purchasers often earn equity even before they move in. There are also buyers who would rather purchase later in the sales process for various reasons. For one thing, they may prefer to wait until construction has begun to purchase with more confidence. This step signifies that the developer has sold enough homes or condos to obtain financing and begin building. Among these buyers are people looking for
a quick move-in. Inventory homes and suites provide that option. Sometimes, builders offer special deals on the last few units in a community or condo. Of course, we also see a lot of investors looking to real estate as an excellent financial investment. They, too, consider timing when shopping for homes and condos. With our current demand-exceeds-supply scenario and borders opening up to newcomers soon, the idea of owning as an investment is appealing. Whatever your needs and wants, my advice is to buy and buy now.
Barbara Lawlor is CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing and sales of condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. baker-re.com
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INSPIRATION |
decor
MAKING A STATEMENT HOW YOU CAN USE WALL FEATURES TO MAKE ANY ROOM NEXT-LEVEL by LINDA MAZUR If you have ever looked around a room and felt it was missing that “something special” to take it to the next level, look no further than the coveted feature wall. There is a reason, or a few, why we recommend it to our clients, and why they’re ultimately thrilled with the final product. Feature, or accent, walls are a fabulous way to add style and interest to simple, unadorned walls by using colours, shapes, textures and patterns for an eye-catching effect in any space in your home. The best part is, it can be done virtually on any budget and created with a broad range of materials to make a statement in your space. For an inexpensive way to make a change without a big commitment, opt for a classic coat of paint. Available in endless colours and customizable application options, this is the easiest material to change out if you want to try something new. Another effective and relatively budget44 condolife magazine | July 31–Aug. 28, 2021
friendly option is wallpaper, which boasts a wide variety of designs and textures, from bold, geometric prints to subtle watercolour florals. Before you shy away from the daunting thought of applying wallpaper, with peel-and-stick options readily available on the market, it’s easier than you think to get that “one-of-a-kind” feature wall. Another popular option is to use wood in a variety of applications, tailored to whatever style you’re looking to infuse into your space. Reclaimed, rough-hewn wood can give you a great rustic vibe or opt for a more custom millwork look with wall panelling from the traditional to creative modern patterns. To achieve an accent wall which can reflect an industrial, heritage, or farmhouse aesthetic, brick or stone veneer can instantly transform your space. Though similar in appearance to natural brick, a veneer is lightweight, less expensive and much easier to install.
If it is drama and upscale luxury you seek, then a beautiful, natural granite, marble or a quartzite can deliver. The bold, intricate and organic characteristics of these natural stones are as striking vertically on a wall as they are on your countertops. With their uniqueness and ability to visually enlarge a space, these natural stone slabs can create a stunning aesthetic in any room. Or consider using tile outside of the traditional areas to create an accent wall. There is an abundance of stunning tiles beyond just the traditional. From modern three-dimensional, to handmade clay tiles to fun and colourful patterns, they will instantly make your walls pop. But don’t just limit yourself to the traditional sized tiles, either, as largescale porcelain tiles, some up to six ft., can be very inspirational, as well. There are a few things to consider before tackling your feature wall, however. First and foremost, find your focal point. This is the first place your eyes should land when you enter the room, and the point around which you build the rest of your design;
think a fireplace in a living room or a freestanding pedestal tub in a bathroom. Feature walls can also be used to define a living space, especially if you have an open-concept space where separate rooms may be difficult to define. In a living/dining space, for instance, a feature wall behind your dining table can help anchor the room and delineate the dining area as being separate from the living area. Finally, while feature walls can have a high visual impact, remember that they don’t exclusively have to. Sometimes a subtle pattern, texture or a similarly toned colour to what you already have can create just the right amount of interest and warmth in a space, while still being calm and minimal. Whether you are looking for a subtle change or bold drama, something understated or upscale luxury, a statement wall can deliver on all fronts. Making a statement with your wall coverings will undoubtedly elevate the aesthetic of your home while adding character, style and a personality all its own!
Linda Mazur is an award-winning, nationally publicized designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds within Toronto, the GTA and throughout Canada. lindamazurdesign.com @LindaMazurGroup nexthome.ca | myhomepage.ca 45
big style, small spaces
INSPIRATION |
WAKE UP YOUR SPACE! COTTAGE DECORATING IDEAS TO MAKE YOUR SUMMER ESCAPE FEEL LIKE HOME by LISA ROGERS Whatever style you prefer for your cottage, one feeling always remains the same: Cottages should feel like your home away from home, so why not bring in some of your favourite home decor design ideas into your summer home? Cottage decor should always be comfortable, but that shouldn’t mean it needs to be shabby. These cottage decorating ideas are fresh, full of colour, and easy to implement into any existing space.
gallery wall of global art and sculpture, or a bookshelf layered with vintage trinkets and pottery, it’s beautiful to be able to look at what you’ve bought on your travels. It’s a great trip down memory lane. SWITCH OUT EXISTING DOORS FOR BARN OR VINTAGE DOORS
I love vintage doors, and I’m always on the lookout for unique finds. Consider installing new doors at your cottage to give your space an old-world feel.
EXHIBIT ALL YOUR TRAVEL FINDS
Given our cottages tend to be more flexible in how we design them, I love the idea of exhibiting all of the unique pieces I’ve found in my travels to add character, personality, and colour to my home. Whether it’s a 46 condolife magazine | July 31–Aug. 28, 2021
BRING IN NATURAL TEXTURES
For a breezy, easy summer feel, decorate with cotton, rattan, leather, seagrass, or woven accents throughout your home. This can be achieved in myriad ways –
from accessories such as mirrors or picture frames to lighting, carpets and window treatments. Pull your colour palette from the environment around you: Shades of green, white, sand and sky blue can be incorporated into wall colours, bedding and pillows.
DECORATE YOUR SPACE WITH MINI GARDEN BOUQUETS
Instead of building a big bouquet in a singular vase on your table, consider picking local blooms and fill glass bottles or vintage glassware with mini arrangements to place in every room. I also love scattering votive candles throughout to add a warm and cosy light.
CONSIDER OPEN SHELVING IN THE KITCHEN
I love how relaxed this look can be, with very minimal effort. When we think about the cottage, we immediately want our environment to be comfortable and fuss-free, which relates to our storage solutions. Use open shelving in your kitchen to house all of your everyday essentials. Plus, the shelves can be a great way to showcase any local pieces you may find, such as great ceramics, bowls or vases.
FORGET HEAVY WINDOW TREATMENTS
Cottages are always in a stunning natural environment, so instead of covering your views with heavy window treatments, opt for translucent, see-through cotton fabrics or a bamboo roll to give a lighter-than-air feel to your windows. You could also opt to keep them bare entirely (depending on your level of privacy). We want to let the sun and serene views in as much as possible!
Lisa Rogers is Executive Vice-President of Design for Dunpar Homes (dunparhomes.com). Lisa has shared her style and design expertise on popular television programs such as Canadian Living TV, House & Home TV and as a regular guest expert for fashion and image, health and wellness and design on CityTV’s Cityline. Follow Lisa’s blog at craftedbylisa.ca
nexthome.ca | myhomepage.ca 47
INSPIRATION |
trend watch
perfection
Primary
by SARA DUCK
RED, YELLOW AND BLUE – THESE PRIMARY COLOURS WILL SPARK INSPIRATION THIS SEASON
1 PH 5 mini PENDANT LAMP in red. $754. finnishdesignshop.com
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Rainer velvet ARMCHAIR. $249.
Yellow outdoor RUG. $40.
Chef’s FRENCH OVEN in blueberry.
structube.com
bouclair.com
From $430. lecreuset.ca
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Raised design acrylic TUMBLER. $10.
Gurli CUSHION COVER in dark blue.
Framlingham abstract END TABLE by Ivy
zarahome.ca
$5. ikea.ca
Bronx. $224. wayfair.ca
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Sorrento navy blue velvet upholstered walnut
Anniversary red TEA KETTLE by Chantal. $80.
Yellow metal MIRROR with rope. $30.
wood three-seater SOFA. $832. walmart.ca
crateandbarrel.ca
homesense.ca
48 condolife magazine | July 31–Aug. 28, 2021
Sweet r e b m slu
style file
Photo: Jason Hartog Furniture from The Home Depot
INSPIRATION |
by SARA DUCK
A
ccording to a recent survey by Bed, Bath & Beyond called The Way We Nest, 81 per cent of Canadians who responded
said their bed is their happy place, while 73 per cent viewed their bedroom as a sanctuary. Whether your style is cool and colourful or contemporary country,
1
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create an inspiring bedroom that will have you pushing the snooze button every morning.
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Contemporary country “This bedroom is a place you can retreat to for serenity and calm. Now more than ever, people are looking for retreats within their home to find a quiet escape.” – Designer Jo Alcorn
Get the look 1. Cotton CUSHION COVER. $35. hm.com 2. Striped ceramic table LAMP. $100. bouclair.ca 3. Webora six-drawer DRESSER. $1,599. mobilia.ca 4. Handmade antler DECORATIVE OBJECT. $442. potterybarn.ca
4
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Photo: Darby Mitchell Photography Wallpaper: Livettes | Bed and side tables: Mobilia | Mirror, and wall art: HomeSense | Chandelier and table lamp: Dainolite | Desk: Wayfair | Stool: West Elm | Candle, decor, water decanter, glasses, duvet sheet set, tassel pillows: H&M Home | Pink lumbar pillow and blue blanket: Anthropologie | Paint: Digby Paints | Rug: Structube
Get the look 1
2
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Cool and colourful 50 condolife magazine | July 31–Aug. 28, 2021
1. Aletta drum END TABLE by Brayden Studio. $563. wayfair.ca | 2. Strata nonwoven floral WALLPAPER by Graham & Brown. $65. rona.ca | 3. POSTER by Paper Collective. $30. hm.com | 4. Warren wall MIRROR in brass. $675. elte.com
“Being careful to avoid an overly feminine design, I balanced out the gorgeous rich fuchsia with deep navy tones and plenty of gold accents so that anyone can feel comfortable in this bedroom.” – Designer and blogger Candace Alongi of The Minted Mama
Photo and furniture: West of Main
Modern luxury “The deep navy grass cloth wallpaper sets the mood for deep relaxation while creating a textured backdrop to all the natural linen layers and mocha tones that run through the space.” – Designer Sascha Lafleur of West of Main
Get the look
2 1
4 3
1. Coachella Brooklyn upholstered BENCH. $800. thebay.com | 2. Modern storage SIDE TABLE in slate grey. $180. walmart.ca | 3. Cream and dark grey rectangular indoor distressed area RUG by Safavieh. $169. lowes.ca | 4. Eurofase 29-in. gold hardwired MULTI-LIGHT PENDANT. $324. lowes.ca nexthome.ca | myhomepage.ca 51
Furniture:Renard bed. From $2,699. crateandbarrel.ca
“A place where luxury is in the details – sink into soft textures, colour-washed hues and welcoming silhouettes. This bedroom is balanced, personal and blissfully relaxed.” – Melissa Frail, assistant marketing manager, Crate & Barrel Canada
Eclectic and tranquil Get the look 1
52 condolife magazine | July 31–Aug. 28, 2021
1. Voxlov CHAIR in light bamboo. $119. ikea.ca 2. Fejka artificial fiddle-leaf fig POTTED PLANT. $70. ikea.ca 3. Framed line ART. $80. homesense.ca 4. Sateen DUVET COVER. From $99. zarahome.ca
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Get the look
2
Nestwell is a new line of bedding essentials from Bed, Bath and Beyond
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Photo: Larry Arnal. Bed and nightstands: Niche Decor Pillow fabrics: Tonic Living Chandelier: West Elm
1. INDIGO STREAMER paint 4020-4 by Valspar. lowes.ca | 2. Alexa reclaimed wood BED. From $2,549. westelm.ca | 3. Nestwell light warmth down alternative COMFORTER. From $125. bedbathandbeyond.ca | 4. Dyllan pom herringbone THROW. $112. wayfair.ca
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New rustic “The applied moulding and dramatic paint colour provide the headboard wall with some drama, which pairs nicely with the strong wood accents. Layered rugs bring in a luxury warmth underfoot.” – Designer Michelle Berwick of Michelle Berwick Design
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nexthome.ca | myhomepage.ca 53
A TREE FOR EVERY HERO.
Join us in planting 2 million trees along the 401 Highway of Heroes, a tribute to the men and women who fought for Canada in our wars, and a living memorial to the 117,000 who died for freedom. Get involved today:
As part of Trees for Life’s Tree Coalition, we are proud to work collaboratively with GrandTrees Climate Solutions.
INSPIRATION |
product showcase
n o i t a r i p s in
Home
Adding the wow factor The kitchen is the focal point in every home, so why not make it the kitchen of your dreams? Installing quartz or natural stone also adds value and beauty. BMG specializes in countertops, whether it’s quartz (Caesarstone or Hanstone) or natural stone (granite, marble, quartzite). This stunning white kitchen with brass fixtures and a natural stone countertop features an island with a waterfall edge. A full backsplash helps create a cohesive transition from the top of your countertop to the upper cabinets in your kitchen and adds the wow factor. Visit the BMG showroom in Vaughan and view the vast selection of slabs available. BEYOND MARBLE & GRANITE | beyondmarbleandgranite.com
THE ULTIMATE MATTE-BLACK ACCENT Discover unique new design opportunities with the ultimate matte-black accent for your kitchen. Introducing the VINTERA 33, a contemporary farmhouse sink in Coal Black SILGRANIT. The VINTERA is spacious and sleek with a slim 6.5-in. apron and generous 9-in. bowl depth. The perfect sink for those who love bold design. BLANCO | blanco.com
INNOVATIVE DESIGN Silestone by Cosentino, the leading hybrid mineral surface for the world of architecture and design, has launched Sunlit Days, the first carbon-neutral collection in the quartz surfaces and engineered stone industry. This innovative milestone demonstrates the brand’s commitment to sustainability and highlights the environmental management steps Cosentino Group has taken over the past several years. COSENTINO GROUP | sunlitdays.cosentino.com/en-ca nexthome.ca | myhomepage.ca 55
INSPIRATION |
product showcase
INNOVATIVE DESIGNS Are you looking for something different in design? Aviation decor is a style inspired by World War II fighter planes’ parts. The Shelter Furniture collection features the Coda Swivel Chair, an aerodynamic lounge chair wrapped in polished aluminum with exposed seams and screws. They pride themselves on finding the most innovative designs in the industry. For one-of-a-kind pieces that are not available elsewhere, Shelter Furniture is located in the Caledonia Design District, or visit the website. SHELTER FURNITURE | shelterfurniture.ca
Natural tones & textures With its natural aesthetic, D.O.T. Furniture’s accessory collection is the look that everyone is after this season. This collection showcases natural tones and textures that can be added to your outdoor space for a light, fresh and sophisticated feeling. Best of all, these patio accessories offer resistance against outdoor elements. D.O.T. FURNITURE | dot-furniture.com
SIMpLICITy & ELEGANCE A modern take on the traditional framed shower door! ELERA marries the classic pivoting design with the contemporary lines of a frameless door. This emerging trend will highlight any bathroom decor by showcasing its simplicity and elegance. What’s more, with a unique 90-degree In&Out pivoting system and magnetic closure, getting in and out of the shower is easy as one-two-swing! Available in Chrome, Brushed Nickel and Matte Black. Various size ranges available. Price range: $582 (single door) – $2,107 (two-sided). FLEURCO | fleurco.com 56 condolife magazine | July 31–Aug. 28, 2021
CONDO PROFILES
Pinnacle Toronto Cypress
developer: style: size: prices from: features:
Toronto
PINNACLE INTERNATIONAL
Highrise Up to 1,145 sq. ft. The mid $600,000s • Suites include 9’ ceilings, laminate flooring, quartz countertops • Suites with full size appliances • Amenities include: gym, yoga room, party room, kids play area and outdoor terrace contact: 416.596.1600 • info@PinnacleEtobicoke.ca location: 5475 Dundas St. West (west of Kipling)
Oro at Edge Towers
Mississauga
MRKT Alexandra Park
developer: style: size: prices from: features:
Toronto
TRIDEL
Highrise from 623 to 1,235 sq. ft. $810,000 • New Release of 2 and 3 Bedroom Suites • Steps from Toronto’s Kensington Market, Queen West and Chinatown. • Lifestyle amenities designed to connect spaces and people. A Two-Storey Gym, Swimming Pool & Rooftop Terrace, Private, Landscaped Courtyard, Outdoor Terrace, & Garden, Kids’ Zone and Youth Zone contact: Tridel.com location: Dundas St. W. + Denison Ave.
Hire a RenoMark™ renovator and renovate with confidence RenoMark™ provides: Two-year warranty Written contract and scope of work
developer: SOLMAR DEVELOPMENT CORP style: Highrise size: Podium: 565-804 sq. ft.; Penthouse: approx. 2,000 sq. ft. features: • Podium suites: 1 (+den), 2 (+ den); penthouses: 3 (+den) on the 49th and 50th floors at Edge Tower 2 and ORO at Edge Towers • 24 hour concierge service. • 9’ ceiling heights on floors 2-49; 10’ in penthouse units on 50th floor. • Two party rooms with outdoor terraces, a state-ofthe-art gym, yoga studio, private movie theatre, games room, sports lounge, wifi lounge, and more. • Steps from Square One and the only new condo community in Mississauga City Centre with direct access to the new LRT. contact: (905) 804-0592 location: 24 Elm Drive West, Mississauga, Ontario, L5B 1P9
$2-million liability insurance Appropriate licences and permits Peace of mind
Visit renomark.ca
nexthome.ca | myhomepage.ca 57
HOT PROPERTIES | GREATER TORONTO AREA
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MAPS
CARTOGRAPHY: MARKETMAPS.COM
Match the map numbers with property listings on the following Hot Properties page
nexthome.ca | myhomepage.ca 59
HOT PROPERTIES
FIND YOUR NEXT HOME
The latest properties in the Greater Toronto Area to keep your eye on
Legend: HR = High Rise CTH = City Home MR = Mid Rise LO = Loft LR = Low Rise LW= Live Work PH = Penthouse RH = Row Home TH = Townhouse
MAP LOCATION 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64.
SITE
TYPE ADDRESS
CONTACT
Brampton..............................Urban Towndominiums .............................CTH........................ Mississauga Rd. & Wanless Dr. .............................. rosehavenhomes.com Etobicoke..............................Westerly ............................................................ HR ......................... Islington & Dundas............................................................................tridel.com Etobicoke..............................Evermore at West Village ............................ HR ......................... Eva Rd. & The West Mall ...................................................................tridel.com Etobicoke..............................Humberwood Heights ........................... CTH/FTH ................... 50 Humberwood Blvd. .......................................tributecommunities.com Etobicoke..............................Cypress at Pinnacle Etobicoke ................... HR ......................... 5475 Dundas St. W. ................................................pinnacleinternational.ca Etobicoke..............................42B Queensway III ........................................ HR ......................... 1325 The Queensway...........................................tributecommunities.com Etobicoke..............................36 Zorra Condominiums.............................. MR ......................... 36 Zorra................................................................... altreedevelopments.com Markham/Unionville..........Panda Markham ............................................. HR ......................... 8200 Warden Ave. ............................................lifetimedevelopments.com Markham/Unionville..........Varley Condo Residences .............................LR.......................... 20 Fred Varley.........................................................tributecommunities.com Markham...............................Canvas on the Rouge.................................... MR ......................... Donald Cousens Pkwy & Ninth Line ................................. flatogroup.com Mississauga ..........................Amber at Pinnacle uptown ......................... HR ......................... 5044 Hurontario St. ..............................................pinnacleinternational.ca Mississauga ..........................Perla Towers at Pinnacle Uptown.............. HR ......................... 5044 Hurontario St. ..............................................pinnacleinternational.ca Mississauga ..........................Oro at Edge Towers ...................................... HR ......................... 24 Elm Dr.W..........................................................................................solmar.ca Mississauga ..........................Brightwater Condos .....................................CTH........................ 70 Mississauga Rd. S. .......................................mybrightwatercondos.com Mississauga ..........................Artform Condos.............................................. MR ......................... 86 Dundas St. E. ............................ artformbyemblemdevelopments.com Mississauga ..........................M4 at M City..................................................... HR ......................... 3891 Redmond Rd. at Burnhamthorpe .............................urbancapital.ca North York ............................M2M ................................................................... MR ......................... Yonge & Finch ..................................................................... m2mcondos.com Oshawa .................................U.C. Condos..................................................... HR ......................... Simcoe St. N. & Winchester Rd. W. ....................tributecommunities.com Scarborough ........................4097 Lawrence East ...................................... MR ......................... 4097 Lawrence Ave. E. .............................................................. firmland.com Scarborough ........................Pinnnacle Toronto East ............................... HR ......................... 3260 Sheppard Ave. E. .........................................pinnacleinternational.ca Scarborough ........................Perch Condos ................................................. MR ......................... 4694 Kingston Rd....................................................................... firmland.com Toronto .................................10 St. Mary Street ........................................... HR ......................... 10 St. Mary St. ....................................................lifetimedevelopments.com Toronto .................................111 River St. Condos ...................................... HR ......................... 111 River St. .........................................................lifetimedevelopments.com Toronto .................................200 Queens Quay W. .................................... HR ......................... 200 Queens Quay W. ......................................lifetimedevelopments.com Toronto .................................40 210 Bloor St. W. ........................................ HR ......................... 210 Bloor St. W. .....................................................tributecommunities.com Toronto .................................489 Wellington St. W. ................................... HR ......................... 489 Wellington St. W. .......................................lifetimedevelopments.com Toronto .................................500 Dupont St. ............................................... MR ......................... 500 Dupont St. ...................................................lifetimedevelopments.com Toronto .................................Aqualuna at Bayside ..................................... HR ......................... 200 Queens Quay East ...................................................................tridel.com Toronto .................................Artistry Condos ............................................... HR ......................... 292 Dundas St. W. ..................................................tributeartistrycondos.ca Toronto .................................Panda Condos................................................. HR ......................... Yonge & Dundas. ...............................................lifetimedevelopments.com Toronto .................................Skytower at Pinnacle One Yonge .............. HR ......................... 1 Yonge St. ...............................................................pinnacleinternational.ca Toronto .................................The Prestige at Pinnacle One Yonge ....... HR ......................... 1 Yonge St. ...............................................................pinnacleinternational.ca Toronto .................................Tridel at the Well ........................................ MR/HR ..................... Spadina Ave. & Wellington St. .....................................thewelltoronto.com Toronto .................................Via Bloor ........................................................... HR ......................... Bloor & Parliament. ...........................................................................tridel.com Toronto .................................The PJ Condos ............................................... HR ......................... 283 Adelaide St. W..................................................pinnacleinternational.ca Toronto .................................36 Eglinton Ave. W. ....................................... HR ......................... 36 Eglinton Ave. W. ..........................................lifetimedevelopments.com Toronto .................................Linx Condominiums ...................................... HR ......................... Danforth & Main ................................................ tributecommunicties.com Toronto .................................Y&S Condos .................................................... HR ......................... 2161 Yonge St. .......................................................tributecommunities.com Toronto .................................Burke Condos ................................................. HR ......................... Bloor & Sherbourne ................................................. concertproperties.com Toronto .................................MRKT Alexandra Park .................................MR HR...................... Dundas & Spadina .............................................................................tridel.com Toronto .................................181 East ............................................................. HR ......................... 181 Sheppard Ave. East ...................................................................stafford.ca Toronto .................................Avenue & Park ................................................. MR ......................... Avenue Rd. & Bedford .....................................................................stafford.ca Toronto .................................50 at Wellesley Station.................................. HR ......................... 50 Wellesley St. East ................................................................pureplaza.com Toronto .................................No. 1 Yorkville.................................................. HR ......................... 1 Yorkville Ave............................................................................pureplaza.com Toronto .................................Theatre District Residences......................... HR ......................... Adelaide & Widmer ..................................................................pureplaza.com Toronto .................................Bijou on Bloor ................................................. MR ......................... 2450 Bloor St. West..................................................................pureplaza.com Toronto .................................The Briar on Avenue .....................................CTH........................ 368 Briar Hill Ave. .....................................................................pureplaza.com Toronto .................................One Seventy .................................................... HR ......................... Spadina & Queen St. West ......................................................pureplaza.com Toronto .................................King West & Charlotte ................................... HR ......................... King St. West & Charlotte........................................................pureplaza.com Toronto .................................Forest Hill Private Residences..................... MR ........................ 2 Forest Hill Rd. ..................................................... altreedevelopments.com Toronto .................................Oscar Residences ........................................... MR ......................... 500 Dupont St. W. at Bathurst...................................oscarresidences.com Toronto .................................Whitehaus ........................................................ HR ......................... Yonge & Eglinton ...............................................lifetimedevelopments.com Toronto .................................Liberty Market Tower..................................... HR ......................... 171 East Liberty St. .............................................lifetimedevelopments.com Toronto .................................XO Condos....................................................... MR ......................... King & Dufferin...................................................lifetimedevelopments.com Toronto .................................234 King East ................................................... HR ......................... 234 King St. E. ...............................................................emblemdevcorp.com Toronto .................................The Dupont ..................................................... MR ......................... Dupont & Ossington.........................................................................tridel.com Toronto .................................Bianca Condos................................................ MR ......................... 420 Dupont St ....................................................................................tridel.com Thornhill ...............................Royal Bayview ................................................ MR ......................... Bayview Ave. & Royal Orchard Blvd. ............................................tridel.com Toronto .................................LeftBank ............................................................ HR ......................... River St. & Dundas St. East..................................................... broccolini.com Vaughan ................................Park Avenue Place 1 & 2 ............................... HR ......................... Jane St. & Rutherford Rd. ................................................................solmar.ca Vaughan ................................The Vincent...................................................... MR ......................... Jane St. & Hwy. 7 ........................................................................ thevincent.ca Vaughan ................................The Rose Hill Condos ................................... MR ......................... 177 Woodbridge Ave.......truecondos.com/capital-north-communities Vaughan ................................SXSW Condos .................................................. HR ......................... Islington & Steeles..........................................................primonthomes.com Whitby ...................................The Landing Whitby Harbour ................. HR/MR ..................... 1604-1616 Charles St. .................................................................carttera.com
MAPS
Locate properties using the map on the previous page
60 condolife magazine | July 31–Aug. 28, 2021
+
BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA
HOT PROPERTIES | OUT OF TOWN
FIND YOUR NEXT HOME
The latest properties in the Out of Town Area to keep your eye on
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nexthome.ca | myhomepage.ca 61
HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA
KITCHENER–WATERLOO
Guelph
Waterloo
Milton
Kitchener
Cambridge
5
Brantford
Hamilto n 11
4
13
3 1
14
2 12
LONDON
15
London
62 condolife magazine | July 31–Aug. 28, 2021
Mississauga
19
16 17
Oakville 18
6
MAPS Match the map numbers with property listings on the following Hot Properties page
7
Burlington
22 10
20
St Catharines21
Niagara Falls
8
23
Welland
CARTOGRAPHY: MARKETMAPS.COM
9
nexthome.ca | myhomepage.ca 63
HOT PROPERTIES
FIND YOUR NEXT HOME
The latest properties in the Southwestern Ontario Area to keep your eye on
Legend: HR = High Rise CTH = City Home MR = Mid Rise LO = Loft LR = Low Rise LW= Live Work PH = Penthouse RH = Row Home TH = Townhouse
MAP LOCATION 1.
SITE
TYPE ADDRESS
CONTACT
Ancaster ................................Meadowlands ............................................MR/CTH .................... 559 Garner Rd E ................................................................ elitemdgroup.com
2.
Ancaster ................................Tiffany Hill ......................................................CTH........................ Raymond Rd. & Rymal Rd. ...................................... rosehavenhomes.com
3.
Brantford...............................The Ambrose Condos .................................. MR ......................... 401 Shellard Ln ...................................................... theambrosecondos.com
4.
Brantford...............................Station Sixty Lofts .......................................... MR ......................... 60 Market St. S................................................................... elitemdgroup.com
5.
Burlington ............................Affinity Condos ............................................... MR ......................... Plains Rd. E. & Filmandale Rd. ............................... rosehavenhomes.com
6.
Burlington ............................Millcroft Towns .............................................CTH........................ Appleby Line & Taywood Dr. .............................branthavenmillcroft.com
7.
Burlington ............................Gallery Condos & Lofts ................................ HR ......................... Brant St. & James St. .............................................gallerycondominiums.ca
8.
Fonthill ..................................One Twenty Condos .....................................LR.......................... Rice Rd. & Highway 20 ................................................... mountainview.com
9.
Fonthill ..................................The Fonthill ..................................................... MR ......................... Rice Rd ................................................................................ elitemdgroup.com
10.
Grimsby.................................Odyssey Condos & Towns ..................... HR/CTH .................... Windward Dr. & N Service Rd. ................................ rosehvaenhomes.com
11.
Hamilton ...............................1 Jarvis .............................................................. HR ......................... 1 Jarvis................................................................................................1jarvis.com
12.
Hamilton ...............................Electric Avenue ......................................... HR/CTH .................... Upper James & Rymal Rd............................................... elitemdgroup.com
13.
Hamilton ...............................KiWi Condos ................................................... HR ......................... 212 King William St................................................................kiwicondos.com
14.
Hamilton ...............................Steeltown City Co. ...................................MR/CTH .................... Fennell Ave. E. & Upper Ottawa St. .............................. elitemdgroup.com
15.
London ..................................White Oaks Urban Towns ...........................CTH........................ London ................................................................................ elitemdgroup.com
16.
Oakville .................................5 North .............................................................. MR ......................... 1388 Dundas St. W. ...................................................... mattamyhomes.com
17.
Oakville .................................Synergy ............................................................ MR ......................... McCraney St. E. & Sixth Line ..............................................branthaven.com
18.
Oakville .................................The Randall Residences ............................... MR ......................... Randall St. & Lakeshore Rd. E. .............................. randallresidences.com
19.
Oakville .................................Upper West Side at Oakvillage .................. MR ......................... 351 Dundas St. E. ................................................. upperwestsidecondos.ca
20.
St. Catharines.......................88 James .......................................................... HR ......................... 88 James ............................................................................ elitemdgroup.com
21.
St. Catharines.......................St. Kitt Urban Towns .....................................CTH........................ Oakdale Avenue & Merritt Street ...............................stkittsurbantowns.ca
22.
Stoney Creek ......................Casa Di Torre .................................................. MR ......................... 980 Queenston Rd................................................................branthaven.com
23.
Welland .................................L’eau ...................................................................LR.......................... 1 Albert St................................................................. info@elitemdgroup.com
MAPS
Locate properties using the map on the previous page
64 condolife magazine | July 31–Aug. 28, 2021
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nexthome.ca | myhomepage.ca 65
ADVICE | INDUSTRY REPORT
QUESTION OF BALANCE TORONTO GREEN STANDARD MUST WEIGH SUSTAINABILITY AND AFFORDABILITY
DAVE WILKES
It’s time to recognize that the housing supply and resulting affordability crisis in the region is driven largely by layers of red tape and bureaucracy, often at the municipal level. It’s a policydriven market distortion that slows new housing from coming to market, chokes supply and literally heaps the highest levels of government added costs (taxes and charges) on new housing in North America. Simply adding more requirements and costs onto new housing makes things worse, not better. A perfect example is the City of Toronto’s well-meaning, proposed updated Toronto Green Standard for sustainable design requirements for new private and city-owned developments. This new requirement is coming forward despite the fact the provincial government, in 2019, embedded in the Ontario Building Code requirements for near-Net Zero and Net Zero building for new homes and condominiums. This already has requirements for solar-ready roofs, energy recovery systems, grey water management systems, and rainwater collection. Our industry is deeply committed to enhancing environmental outcomes. As a result, environmental performance of new housing and communities has improved by leaps and bounds since the 1980s, and continues to do so. The Toronto Green Standard is simply an example of the type of regulatory duplication new
66 condolife magazine | July 31–Aug. 28, 2021
housing is facing in the GTA. It is not the outcome of the proposed requirements that is in dispute – the industry supports sustainable development, enhanced GHG performance, and environmental protection. It is, however, the added cost, complexity and delays that come with having two sets of rules and requirements, for essentially the same thing, and all the inspections and approvals that come with that. In essence, in what is political “grandfathering,” it is all too easy for some municipalities to implement increased requirements, rules and costs on new developments, as their residents will only become voters and rate payers after the buildings are complete and long after the rules are implemented. Imagine if those same costs, rules and requirements were to apply to all existing homes and buildings in the GTA. With the prospect of angry residents facing thousands or tens of thousands in additional costs for their existing
homes, municipalities would be more measured in their approach. The path out of the current housing crisis lies in a true partnership between industry and government at all levels to understand the barriers to getting new housing on stream and not duplicating efforts that add complexity, costs and inefficiency. It’s what existing homeowners expect from their governments. Why should new homeowners be any different?
Dave Wilkes is President and CEO of the Building Industry and Land Development Association (BILD), the voice of the homebuilding, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter, @bildgta or visit bildgta.ca.
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