Greater Toronto’s Finest NEW HOME GUIDE
Greater Toronto Area Oct. 9–Nov. 6, 2021
WE BUILD COMMUNITIES
Beeton | Brampton | Caledon | Dundalk | Markham/Stouffville | Owen Sound
INSIDE:
INVESTING IN YOUR REAL ESTATE FUTURE
IS THERE A MASS INFLUX OF PEOPLE COMING TO TORONTO?
Townhomes designed for living large
Now
50% Sold
Upscale townhomes with 3 finished levels of living space Set within an established neighbourhood, Asprey Towns is ideally located close to many of Pickering’s fine amenities such as parks, shops, public transit and schools. Spacious homes range from 2,300 to 2,600 square feet, comparable to a detached home, but priced for less. Enjoy 9’ main floor ceilings, contemporary finishes including appliances, private terraces and 2-car garages.
Upper Level: 3 Bedrooms, 2 Full Baths, Laundry
Upscale townhomes in West Pickering, starting from $1,039,900.
N Pine Grove
24’ Wide Designs
SITE
Twyn Rivers Dr.
Kingston Rd.
HWY. 401
geranium.com Prices and specifications are subject to change without notice. Illustrations are artist’s concept and may include upgraded features. Brokers protected. E.&O.E. October 2021.
SITE
Sheppard Ave.
Whites Rd.
SALES CENTRE
Altona Rd.
Lower Level: Recreation Room, Mudroom, Powder Room, 2-Car Garage
Finch Ave. E.
Woodview
Book your private appointment today. aspreytowns.com 905-492-2600
Woodview
Main Level: Kitchen, Great Room, Dining, Powder Room, Large Terrace
Extra Deep Lots Starting from Under $2 Million
At National Homes, we rethink everything, every day. Someone has to be first. That’s why, here at National Homes, we’re committed to continuous innovation. We listen to buyers through programs like focus groups and our YOUprint surveys. We develop sustainable construction programs. We source and test Bright Ideas that make home owners’ lives better. And our holistic design perspective supports physical, mental and emotional wellbeing. We design homes from the inside out. Because, at National, You are the blueprint™ for everything we do.
REGISTER FOR OUR UPCOMING COMMUNITIES COURTICE - The Vale - Townhome living in Clarington MISSISSAUGA - Whitehorn Woods - Townhomes on Britannia Rd. W. BURLINGTON - Midrise Condominium and Townhomes on Plains Rd. BRAMPTON - DUO Condos - Condominiums on Steeles Ave. W. Register at: DUOcondos.ca
nationalhomes.com
* Prices and specifications are correct at press time and are subject to change without notice. E.&O.E.
building small town canada. We start with location. We let the land decide what our communities should look like. We create simple yet remarkable amenities to bring families together. That sense of place helps to determine the design and character of each community’s Master Plan. Ask yourself if what you’re looking for is a place to live – or a place to Live Remarkably.
BLUE MOUNTAIN
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COLLINGWOOD
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CRAIGHURST
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HORSESHOE VALLEY
georgiancommunities.ca
Oct. 9–NOv. 6, 2021
Contents Cover Story
25 FLAto DeVeLoPMents InC. CONTINUING TO BUILD OUTSTANDING COMMUNITIES ACrOSS SOUThErN ONTArIO
8 HOMES Magazine | Oct. 9–Nov. 6, 2021
40
28 DePARtMents
12
36 Home Realty 37
In conversation With...
42 Real Insight Pushing demand to tight supply
Jeanhy Shim, industry entrepreneur
50 Product Showcase
the Marketing Edge The role of marketing in preconstruction real estate
20 Inside the GtA 28
66 Industry Report One hundred years of BILD
CoLUMns
In eVeRY IssUe
22
10
Stat chat Will there be a mass influx of people coming to Toronto?
24 Legally Speaking Investing in your future
32
Personal Finance What you need to know about buying a home with family
50
Toronto an ideal residential destination
In the Spotlight Record high condo sales among GTA new home highlights for August, more news on page 18
Western view National leadership is required to address housing challenges
Editor’s Note Post-election, now the real work begins
16
33
contributors/Masthead
43 North Region 45 Southwestern Region 54 Maps & charts for new home communities 64 Index of Advertisers
Property profile 38
Fieldgate Homes Announcing the Grand Opening of Dreamscape, Cityside and Emerald Crossing
40 Geranium Asprey Towns in Pickering surrounded by a wealth of amenities
46 Dunpar Homes Boutique Townhomes in Etobicoke
9
CONTRIBUTORS PERSONAL FINANCE | JESSE ABRAMS Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com
CHIEF REVENUE OFFICER
Jacky Hill jacky.hill@nexthome.ca EXECUTIVE MEDIA CONSULTANT
Michael Rosset
EDITOR-IN-CHIEF – NATIONAL REAL ESTATE
Susan Legge susan.legge@nexthome.ca WESTERN VIEW | MIKE COLLINS-WILLIAMS Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.
EDITOR-IN-CHIEF – GREATER TORONTO AREA
Wayne Karl wayne.karl@nexthome.ca MANAGING EDITOR
Rise Levy
CONTRIBUTORS
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.
Jesse Abrams, Mike Collins-Williams, Debbie Cosic, Kevin Crigger, Nick Monteleone, Ben Myers, Jayson Schwarz, Dave Wilkes SENIOR VICE-PRESIDENT, SALES, NEXTHOME
Hope McLarnon 416.708.7987, hope.mclarnon@nexthome.ca SENIOR MEDIA CONSULTANTS
Amanda Bell 416.830.2911, amanda.bell@nexthome.ca Natalie Chin 416.881.4288, natalie.chin@nexthome.ca VICE-PRESIDENT, SALES – DIGITAL MEDIA
Virginia Knott
VICE-PRESIDENT, MARKETING – GTA
Leanne Speers
SENIOR CLIENT RELATIONS SPECIALIST – GTA
Sonia Presotto
MANAGER CUSTOMER SALES/SERVICE
Marilyn Watling
THE MARKETING EDGE | NICK MONTELEONE Nick Monteleone is Principal and Creative Director, 52 Pick-up Inc., with an extensive background in design. Montelone 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.
SALES & MARKETING CO-ORDINATORS
Gary Chilvers, Vi Nguyen
HOME SHOW MANAGER & NEWSPAPER CIRCULATION – GTA
Josh Rosset DISTRIBUTION
distributionteam@nexthome.ca ACCOUNTING INQUIRIES
accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA
STAT CHAT | BEN MYERS Ben Myers is President of Bullpen Consulting. Ben provides pricing recommendation, product mix, and valuation studies on new residential housing developments for builders, lenders and property owners. bullpenconsutling.ca
Lauren Reid–Sachs
VICE-PRESIDENT, PRODUCTION – GTA
Lisa Kelly
PRODUCTION MANAGER – GTA
Yvonne Poon
GRAPHIC DESIGNER & ASSISTANT MANAGER
Alicesa Pullan
GRAPHIC DESIGNER & PRE-PRESS COORDINATOR
Hannah Yarkony
LEGALLY SPEAKING | JAYSON SCHWARZ Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. He can be reached by visiting schwarzlaw.ca or by email at info@schwarzlaw.ca or phone at 416.486.2040.
GRAPHIC DESIGNERS
Johannah Lorenzo, Mike Terentiev
Published by
nexthome.ca
BILD REPORT | DAVE WILKES Dave Wilkes is president and CEO of the Building Industry and Land Development Association (BILD), the voice of the home building, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter at @bildgta or visit bildgta.ca
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10 HOMES Magazine | Oct. 9–Nov. 6, 2021
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.
EDITOR’S NOTE
NOW THE WORK BEGINS
WAYNE KARL EDITOR-IN-CHIEF HOMES Magazine
EMAIL: wayne.karl@nexthome.ca TWITTER: @WayneKarl
+ get social 12 HOMES Magazine | Oct. 9–Nov. 6, 2021
So, Justin Trudeau has again been elected Prime Minister of Canada in a Liberal minority government. Is this a good thing? Focusing on housing, the answer might be yes. “Ideas on how to fix the housing market have taken centre stage in this election, with many long-simmering issues having had a big spotlight shone on them over the last year-and-a-half by COVID,” Cliff Stevenson, chair of Canadian Real Estate Association (CREA), said just prior to the election. One of the country’s largest realty firms, ReMax Canada, is calling for the Liberals to lead a collaborative national housing strategy, across all levels of government. “The leading party platforms reveal proposals and promises that echo the band-aid ‘solutions’ of the past, aimed at controlling the market as opposed to getting to the root of the problem. Unfortunately, short of adding substantial supply to the market, Canadian housing affordability will continue to deteriorate.” A recent Leger survey commissioned by ReMax, by the way, revealed that 85 per cent of Canadians believe there is a housing affordability crisis. And in the context of the GTA, the Building Industry and Land Development Association has been one of the most consistent voices in calling for action. “We are encouraged to see that the issues of housing supply and affordability are prominent in the lead-up to the federal election – as they must be in elections at every level if we are to build the housing people in our region need, at prices they can afford,” BILD President and CEO Dave Wilkes said before the election. “What we need is an alignment of federal, provincial and municipal housing policy on market-rate housing.” Trudeau and the Liberals cannot ignore these voices or these facts. Their 2021 platform, if you need a refresher, promised to build, preserve or repair 1.4 million homes over four years; convert empty office spaces into housing with $300 million in new funding; create the Multigenerational Home Renovation Tax Credit to support secondary suites in homes; create a Housing Accelerator Fund worth $4 billion to help cities build homes faster. For first-time buyers, the Liberals also promised to introduce a tax-free First Home Savings Account to allow Canadians under 40 to save up to $40,000 for a home; make the First-Time Home Buyer (FTHB) incentive more flexible as an alternative to the current shared equity model; and double the FTHB Tax Credit. And to further address housing affordability, the Liberals promised to reduce monthly mortgage costs by cutting CMHC mortgage insurance costs by 25 per cent. Is this all enough? And will they deliver? Now is when the real work begins.
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NEW HOME MARKET
Q&A
‘Staggering growth’ dominates single-detached market in the GTA “Staggering growth” and soaring prices are dominating the GTA single-detached home market, with no signs of slowing, according to the ReMax 2021 GTA Hot Pocket Communities Report.
In Conversation With... Jim Andrews, Director of Sales and Marketing, Fieldgate Homes Jim Andrews, Fieldgate Homes’ director of sales and marketing, has some sage financial advice that is often overlooked in the new-home buying process.
NEW HOME COMMUNITIES
MINU Towns – StateView’s newest community offers a homeowner paradise in Markham MINU Towns in Markham is StateView Homes’ newest community of modern townhomes in the coveted Donald Cousens Parkway and Ninth Line neighbourhood in the northernmost part of the city.Mississauga.
HOMEBUYING
DEVELOPMENT
Lusso Urban Towns – Niagara’s newest hip community from Lucchetta Homes Lucchetta Homes has designed a chic, contemporary collection of urban townhomes conveniently located within the city of St. Catharines. Welcome to Lusso Urban Towns, a distinctive enclave destined to become a one-of-kind “signature community” found in the heart of Niagara.
Muskoka – nature’s canvas enjoying a surge in property interest Muskoka… haven of forests, shimmering lakes and other natural wonders has long been a popular cottage destination and playground for summer camps… Now this wonderland of almost 6,500 sq. km. and more than 1,600 lakes is enjoying a property surge – including newhome building. Visit
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COMING SOON TO BRAMPTON
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In the spotlIght
RecoRd high CONDO SALES AMONG gTA NeW hoMe highLighTS FOR AUgUST
The GTA new home market saw a record number of condominium unit sales in August, according to the Building Industry and Land Development Association (BILD). Condominiums, including units in low-, medium and highrise buildings, stacked townhouses and loft units, accounted for 3,162 units sold in August, according to Altus Group, BILD’s official source for new home market intelligence. It was the highest number of condominium apartments sold in August on record – up 35 per cent from last August’s robust condo sales, and 129 per cent above the 10year average. Sales of single-family homes, including detached, linked, and semidetached houses and townhouses (excluding stacked townhouses), accounted for 605 units sold in August, 15 per cent below the 10-year average. “Buyers flocked to the new condominium apartment market in record numbers in August as builders pumped in unprecedented levels of new supply,” says Edward Jegg, analytics team leader at Altus Analytics, Altus Group. “But in the new single-family sector, supply shortages continued to weigh on sales.” Remaining inventory for condominium apartments increased compared to the previous month, to 9,967 units. Remaining inventory for single-family homes decreased compared to the previous month, to 1,354 units. Remaining inventory includes units in pre-construction projects, in projects currently under construction, and in completed buildings. The benchmark price for new single-family homes reached a record high of $1.52 million in August, which
Dave Wilkes, BILD president and CEO. “It’s time to move from words to action and address our region’s housing supply problem by reducing approval times, designating land for growth, building infrastructure to support development and ensuring taxes on new development are transparent, equitable and invested as intended to support growth.”
was up 30.1 per cent over the last 12 months. The benchmark price for new condominium units eased in August compared to the previous month, to $1.07 million, which was still up 10 per cent over the last 12 months. “August’s benchmark prices underline the fact that increased housing supply is an important factor in stabilizing housing prices,” says
august new home sales by munICIpalIty CondomInIum unIts
sIngle-famIly homes
total
Region
2021
2020
2019
2021
2020
2019
2021
2020
2019
Durham
281
160
22
215
717
105
496
877
127
halton
299
481
73
121
314
55
420
795
128
Peel
1,037
177
104
65
239
136
1,102
416
240
toronto
904
1,168
710
11
18
16
915
1,186
726
York
641
363
94
193
568
119
834
931
213
Gta
3,162
2,349
1,003
605
1,856
431
3,767
4,205
1,434
Source: altuS GrouP
16 HOMES Magazine | Oct. 9–Nov. 6, 2021
Crafting Distinctive Niche Communities StateView Homes is a different kind of builder fusing innovative design and meticulous craftsmanship with unprecedented customer service to create an exceptional experience for homeowners. But that’s just part of the story. StateView also seeks to inspire hope in people who need it most, whether it’s donating a percentage of every home sold to SickKids, MS4MS or supporting local organizations in the communities they build. Inspiration. It’s at the heart of every StateView home and every StateView community. Live Inspired in a StateView Home. The BOND
Long Hill Estates Phase 2
1 Custom Detached Home Left From $2.3M
2 Custom Detached Homes From $3.4M
Book An Appointment (905) 851-1849
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Richmond Hill
Richmond Hill
stateviewhomes.com Renderings are artist’s concepts only. Prices and specifications are subject to change without notice.E.&O.E.
IN THE SPOTLIGHT
COVID ISSUES SUBSIDING, OTHER HOUSING ISSUES REMAIN AS 2021 SET TO BE RECORD YEAR IN CANADA Canada should soon emerge from current market challenges brought on largely by COVID-19, and return to more normal, if uncertain conditions. This is among the key points of the Canadian Real Estate Association (CREA)’s updated forecast for home sales activity. “Canadian housing markets appear to be stabilizing somewhere in between pre- and peak-pandemic levels – which is to say, still extremely unbalanced,” says Shaun Cathcart, CREA’s senior economist. Supply concerns remain across much of Canada, but mass vaccinations and (eventual) full reopening of economies, along with the associated migration and international immigration, present some uncertainty to the outlook over the balance of 2021 and into 2022 – but only from a timing standpoint, CREA says. These challenges will ultimately act as tailwinds for housing demand; 2021 will almost certainly be a record year for home sales in Canada. Meanwhile, 2022 is expected to see significantly fewer MLS transactions, but is still expected to mark the second-best year on record for Canadian home sales. Another risk to the forecast was to be the federal election, in which ideas on how to fix the housing market took a prominent place. While Canadians can be encouraged that all the major parties were looking at longer-term solutions to the supply shortage issue, it also highlights how there are no quick fixes. Scarce availability of materials and skilled labour during the pandemic is not likely to be corrected on-demand, and there are other barriers to building, such as approvals processes. “Ideas on how to fix the housing market (took) centre stage in this election, with many long-simmering issues having had a big spotlight shone on them over the last yearand-a-half by COVID,” says CREA Chair Cliff Stevenson. About 656,300 properties are forecast to trade hands via Canadian MLS systems in 2021, CREA says. This would
be a record-setting number, and an increase of 18.8 per cent over 2020. However, this forecast does represent a downward revision from previous estimates, as sales fell more rapidly than predicted this spring. The strength of demand in 2021 has been geographically broad-based, and CREA anticipates strong sales growth in every province with the exception of Quebec, where the second half of 2020 was comparatively stronger than the first five months of 2021. The national average home price is forecast to rise by 19.9 per cent on an annual basis to $680,000 in 2021, little changed from CREA’s previous forecast. This historically large increase reflects the current unprecedented imbalance of supply and demand, still close to two months of inventory nationally. On a monthly and quarterly basis, sales are forecast to continue trending slowly back towards more typical levels through the latter months of 2021 and into 2022. Limited supply and higher prices are expected to tap the brakes on activity in 2022 compared to 2021, although the increased churn in resale markets resulting from the COVID-related shake-up to so many people’s lives may continue to boost activity above what was normal before the pandemic. It is possible, in fact, that many of the moves associated with changes related to remote work won’t play out until further down the road when we have more certainty about what the future will look like post-COVID. National home sales are forecast to fall by 12.1 per cent to around 577,000 units in 2022. This easing trend is expected to play out across Canada, with buyers facing both higher prices and a lack of available supply, while at the same time the urgency to purchase a home base to ride out the pandemic continuing to fade. Still, with supply at record lows, the national average home price is forecast to rise by 5.6 per cent on an annual basis to about $718,000 in 2022.
CHANNEL 13 ACQUIRES WEB DEVELOPMENT START-UP VORDIK Award-winning advertising and design agency Channel 13 Advertising & Design Inc. has acquired Toronto-based web developer Vordik. This unique acquisition culminates a sixyear partnership between Channel 13 and Vordik, which provides high-calibre technical web solutions. This expansion marks a new chapter in the evolution of Channel 13 to deliver integrated web experiences such as websites, web applications, as well as other custom integrations.
18 HOMES Magazine | Oct. 9–Nov. 6, 2021
“This acquisition combines Channel 13’s proven skill with Vordik’s technical expertise,” says Michael Gioffre, Channel 13 co-founder and creative director. By bringing technical development in-house, Channel 13 offers a seamless design and execution experience. The company offers strategy, branding, content and web solutions. Since 2013, Channel 13 has produced design and communication for notable clients such as Dream, Aoyuan, Cabot, Graywood, Kaneff, Sorbara, among many others.
FONTHILL
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Saffron e s t a t e s Fonthill living at its finest.
PHASE3
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Saffron Estates has been thoughtfully designed to offer a luxurious collection of homes in Fonthill, one of Niagara’s most beloved communities. It’s time to enjoy life at its finest.
C H A R M I N G | SC E N I C | A DV E N T U RO US | QUA I N T
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#InsidetheGTA by SUSAN LEGGE
GTA
LEASIDE COMMON
A LEASIDE LOCALE Gairloch Developments, in partnership with Harlo Capital, is launching Leaside Common, a new midrise development located in the highly coveted community of Leaside, steps from the brand-new Bayview-Eglinton LRT. Making a bold statement using masonry design that invokes grandeur, the project spans 103 metres and is nine storeys high. It features 198 units ranging from studios to three-bedroom penthouse suites. Ten townhomes are also planned. leasidecommon.ca
Singles, semis and towns at Highpoint in Upper Mount Pleasant The Upper Mount Pleasant area of Brampton is growing! Paradise Developments is continuing to develop its Highpoint community with the release of a new collection of towns, semis and singles on 30-, 38-, 41- and 45-ft. lots. These well-appointed, luxury homes are located in an amenity-rich area which includes several private and public schools, conservation areas, shopping centres, and easy-to-access highways and transit. There are several virtual model suites to tour online. paradisedevelopments.com 20 HOMES Magazine | Oct. 9–Nov. 6, 2021
Developer amplifies its family-centred approach Located steps from the Yonge and Finch subway, Aoyuan International’s M2M community is poised to become a family favourite. Building on the success of M2M Phase I, M2M Squared’s family-oriented unit mix will include efficient suite designs with almost double the amount of two-bedroom (and up) units compared to most GTA projects. In addition, the amenity program at M2M Squared offers a range of indoor and outdoor recreational spaces to accommodate residents of different ages. Indoor amenities include a fitness centre, yoga and dance studio, a hobby room, children’s playroom, two co-working lounges with rooms for video calls and meetings, multipurpose entertainment lounge, games room and party lounges. Indoor spaces flow seamlessly into outdoor recreational spaces which include an adult lap swimming pool and shallow wading pool with playful pebble seating, shaded lounge and barbecue areas, as well as a putting green, bocce ball court and outdoor yoga deck and gym with built-in fitness equipment. m2mcondos.com
A TREE FOR EVERY HERO.
Join us in planting 2 million trees along the 401 Highway of Heroes, a tribute to the men and women who fought for Canada in our wars, and a living memorial to the 117,000 who died for freedom. Get involved today:
As part of Trees for Life’s Tree Coalition, we are proud to work collaboratively with GrandTrees Climate Solutions.
ADVICE | STAT CHAT
WILL THERE BE A
MASS INFLUX OF PEOPLE COMING TO TORONTO?
BEN MYERS
Last year and into 2021, the COVID-19 pandemic forced many of us to reconsider where and how we should be living, and where and how we should be working. The 400-sq.-ft. downtown condominium was perfect for a short walk to work, quick access to nearby restaurants and nightclubs, and transit was nearby for those longer trips. With many people working from home in a cramped space, indoor dining closed, and transit still a little worrisome, people are struggling with their decision regarding the best place to live. Every Torontonian has a slightly different version of this pandemicreconsideration story, with questions like: Do I want to raise my kids downtown? Do I want to be crammed closely into elevators, streetcars, cubicles or tiny boutique fitness centres? A lot of people are asking themselves if a suburban lifestyle will keep them safer, or will a move to a much smaller municipality outside the GTA be better for their general well-being and health? We have witnessed a massive shift over the last 20 years, with the complete revitalization of downtown Toronto, the building of new office buildings and especially new highrise condominiums. The Toronto population has soared in recent years. Many buyers have chosen to live in downtown condominiums for lifestyle and environmental reasons; they want to be walking distance to cafes, shops, parks, friends, hospitals,
22 HOMES Magazine | Oct. 9–Nov. 6, 2021
and employment, all while reducing the need for development on the outskirts of the GTA that eats up greenfield lands and increases the reliance on personal automobiles. They don’t want to pay for a parking spot, a car lease, license fees, or insurance for a vehicle that sits in a garage most of the day and pumps out pollution the rest of the time. A second group of people are living in downtown condos and rental apartments for affordability reasons; they would much prefer to live in a single-family detached home in an inner-suburban community with a big backyard and two parking spaces. However, the number of years someone would have to save for these houses is becoming insurmountable. They need to be as close to work as possible to save time and money, and centrally located highrise buildings fit that need for them in the short term. Because of the pandemic, many predicted a mass exodus out of Toronto, but from the looks of the data, people have decided to stay. The August 2021 data from the Toronto Regional Real Estate Board shows single-detached pricing up 21 per cent annually, while average condo prices have risen nine per cent year-over-year. Active listings in August were down 51 per cent annually – despite the sky-high prices, people aren’t selling. According to BILD’s latest release, the benchmark price for new condominium apartments in July was $1.09 million, which was up almost 10 per cent over the last 12 months, while the single-family market has seen prices rise 28 per cent. Demand is clearly as strong as ever, and this is in the absence of
the type of immigration we’re used to. In fact, supply is way up, too, on the apartment side. According to data from CMHC, there were 18,266 condominium and rental apartment units completed in the Toronto Census Metropolitan Area during the first seven months of 2021, 46 per cent more than last year, and 86 per cent more than in 2016. Clearly, there is no exodus, but a mass influx, occurring. More and more people will come to the GTA and Toronto, if we build units to accommodate them. We have a record number of units coming this year, but it still won’t be enough. If you’re in the market for an investment condo, there will be future demand for that unit. Think longterm hold, don’t be afraid of small (tiny equals more affordable). Think about how your future tenants will get to work, where they will eat, what can they walk to, and what can they afford? How is the neighbourhood changing, and can you contribute to its growth and success? Surround yourself with a strong team, do your own research, and believe that people will most definitely come to Toronto.
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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ADVICE | LEGALLY SPEAKING
INVESTING IN YOUR FUTURE
JAYSON SCHWARZ, LLM & JACQUELINE MONETA, JD This article is the final installment in a three-part series we have been writing on the intersection between real estate and your estate plan. In part one, we discussed the various ways you can own property, and how your ownership affects how your property will pass under your Will. In the second part, we explored how gifting a down payment to your child can impact your estate. And in this third segment, we will explore investment properties and how to plan for their succession. BUYING AN INVESTMENT PROPERTY
With the housing market showing no signs of slowing, investment properties are a great way to take advantage of the upside. Whether you are buying an investment property with a partner, family, friends or on your own, it’s critical to have a succession plan. There are many different ways to purchase investment property. You may buy it alone, with a spouse or with friends. It may be your decision to use an investment vehicle such as a corporation, limited partnership or trust. The impact of how you proceed will have ramifications with respect to income tax payable on income earned from the investment and capital gains, should the property be sold posthumously on your estate if something should happen. Are you buying with your partner as joint tenants, so if something 24 HOMES Magazine | Oct. 9–Nov. 6, 2021
happens to either, the survivor gets the property tax-free? Are you buying with a friend as tenants in common, so upon death, your estate receives your portion? Are you buying through a corporation, and if so, have you done a separate Will for personal property to exempt those shares from probate or administration? Is the property in a family trust, and upon your death, nothing happens, as the other beneficiaries continue? As you can see, the process is not easy. The way you structure your investment portfolio is critical to your family and your future. It’s important to retain the right lawyer and accountant tax advisor. Get someone who looks holistically at your situation, and is proactive in advising you on the best route to follow. FOREIGN PROPERTIES
With the world beginning to reopen and people looking to travel again, a condo in Aspen or Miami, or a beach house in Mexico could be both a fun and profitable venture. It is important to understand how to protect your foreign investment. If you own property in a foreign jurisdiction, having an Ontario Will might not be sufficient. Not all foreign jurisdictions will recognize such a document as valid. The rules
are different in every jurisdiction. It’s always best to play it safe and speak with a professional in the jurisdiction where you are buying the property, to ensure your investment will be distributed the way you intended. In some cases, it might be enough to simply have a second Will covering only your foreign assets. It is important, though, that if you have multiple Wills, they are professionally drafted so that they are coordinated with each other, and neither revokes the other. No matter how or where you purchase your investment it’s important to have a team that can advise you. Your lawyer should be able to quarterback your transaction and make the process of finding foreign estate and tax advice, and closing your deal, as dreamy as your new vacation rental.
Jayson Schwarz, LLM and Jacqueline Moneta, JD, are with Schwarz Law Partners LLP. To suggest topics for future columns or ask questions, visit schwarzlaw.ca or email info@schwarzlaw.ca.
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COVER STORY
BUILDING COMPLETE COMMUNITIES FLATO DEVELOPMENTS BRINGS NEW HOMES, PARKS AND A SENSE OF COMMUNITY TO NEIGHBOURHOODS ACROSS SOUTHERN ONTARIO A home is about more than just the bricks and mortar. It’s about the neighbourhood, local parks, convenient amenities and a sense of community. For Flato Developments, designing and building a masterplanned community begins by creating a sense of place and a strong connection to the community. “We believe that building communities is more than just building homes,” said Shakir Rehmatullah, president of Flato Developments. “That is why we strive to create dynamic and vibrant neighbourhoods, for homeowners at all stages of their lives, while giving back to the communities we operate and build in.” From York Region to Simcoe County, and most recently in the
Village of Dundalk, a burgeoning community in Grey County, Flato Developments has a proven record of keeping the community’s needs in mind when they create complete communities with rich amenities and services. DISCOVERING DUNDALK’S NEWEST COMMUNITY
Flato is the biggest developer in the Village of Dundalk, with two premier lowrise residential projects underway, Edgewood Greens and Carriage House. Edgewood Greens is the perfect place to put down roots. With 1,200 new spacious homes up to 4,000 sq. ft., families looking for more space can find homes with elegant living and dining areas,
plenty of room to create a home office or study area and large private backyards. Interested homebuyers are encouraged to register to learn more about new phases coming soon. Carriage House is an exquisite collection of well-crafted townhomes and detached homes that offer magnificent heritage exteriors and the kind of interior features and finishes families love. With designer kitchens, nine-ft. ceilings throughout, custom stonework and so much more, the homes have been meticulously designed to make a statement in a community that is truly like no other. “We listened to local residents’ needs when we worked on the plan for this new community,” says Rehmatullah. “We worked with our stakeholders and the municipality to nexthome.ca 25
find the best plan for the township and the community.” Flato learned there was an urgent need for an apartment for seniors, so instead of creating a plan that included only lowrise residential homes, the company put an adult lifestyle apartment into the master plan. Residents at Edgewood Suites can choose from studio rentals, one-bedrooms or two-bedroom suites and discover safe, carefree and comfortable living at its finest. The building is nearing completion and will be a welcome addition to the community. Flato also looked at the healthcare facilities in the area and worked with the township and Grey Bruce Health Services to build a new full service clinic right in heart of Dundalk, donating $1 million to make it happen. “In 2020, Flato donated $1 million to South East Grey Community Health Centre, a charity organization providing health care services and programs to the residents of Grey County. This gift will help build a full-service health clinic in Dundalk, expanding access to primary care, mental health, social and home 26 HOMES Magazine | Oct. 9–Nov. 6, 2021
care services to area residents,” says Rehmatullah. As the charming village continues to grow, there is a need for more retail, grocery and services. Realizing this, Flato converted the plan for townhomes to a commercial plaza, Edgewood Plaza, right off Hwy 10. Edgewood Plaza features 700- to 5,000-sq.-ft. units. With more diverse residential housing, an apartment for seniors, a new retail/commercial plaza, healthcare services, and enhanced parks and nature trails, Flato is building a complete community in Dundalk that is a result of unparalleled community engagement. COMMITTED TO COMMUNITY SERVICE
Since its founding in 2005, Flato has been committed to supporting charities and causes in places where the developer operates and builds new communities. From giving to local hospitals and clinics to promoting arts and culture, Flato is dedicated to positive change in our communities. Flato has supported the arts in King Township, with donations to Arts
Society King (ASK). The company has also donated to the King Township Food Bank and other community food banks. Flato recently donated $20,000 to the Run for Vaughan, which supports the Cortellucci Vaughan Hospital and was instrumental in the creation of the Shakir Rehmatullah Cancer Clinic at the Markham Stouffville Hospital. Flato also actively supports Markdale Hospital in Grey County, and its lobby now bears the name Flato Developments, as well as the South East Grey Community Health Centre, Headwaters Hospital in Dufferin County, and Stevenson Memorial Hospital in New Tecumseth. DEDICATED TO BUILDING COMPLETE COMMUNITIES
Flato Developments has introduced a new and refreshing spirit to community building across southern Ontario. The homebuilder has established a reputation for paying meticulous attention to the finest details. Understanding the unique needs of each community is how Flato excels at seamlessly integrating a
new neighbourhood into an existing one, how the builder offers distinctive homes with innovative designs, and how the company goes above and beyond to ensure customer and community satisfaction.
“This is all part of our corporate mission, not just building homes but enhancing the complete communities we develop,” adds Rehmatullah.
To learn more about Flato Developments, and register for information about upcoming communities straight to your inbox, visit flatogroup.com.
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IN CONVERSATION WITH...
JEANHY SHIM HOUSING INDUSTRY ENTREPRENEUR BY WAYNE KARL If the “gig economy” is actually a thing, then the “portfolio career” might just be the pinnacle position, and Jeanhy Shim an exemplary CEO. The condominium industry veteran not only has a enjoyed a number of varied entrepreneurial posts over her 30-year career, but has also helped start an impressive array of community initiatives. “Community,” in fact, is central in everything she does. We sat down with Shim to explore her focus on family, helping people and living a healthy, grounded lifestyle – complete with Netflix and the occasional cry. You have a lot of experience in the industry for some time and have enjoyed some wide-ranging posts. How do you assess the housing industry right now? The past two years have been strong in terms of performance, but there are challenges with supply, pricing and, of course, COVID…
28 HOMES Magazine | Oct. 9–Nov. 6, 2021
I started working in this industry back in 1992, in the middle of a bad recession and amidst the rubble of the real estate market crash, so it’s been fascinating to watch our city grow both up and out, as our housing market has come back to life over the past 30 years. And it’s been interesting to see the condominium industry, in particular. It has changed over this time – essentially, from one that sold primarily to end-user buyers (typically younger first-time homebuyers and older downsizing empty-nesters) looking for a home to live in, to one that now designs and sells primarily to investor buyers banking on value appreciation, even before construction completion. This is not to imply that this is a bad thing; in fact, many of these investor-purchased condominiums are providing much-needed, new and more energy-efficient rental apartment supply. Instead, this structural shift points to how a combination of usual market cost
pressures, increasingly opportunistic government policies and growing bureaucracy, has created a situation whereby selling to investors has become the only way to make projects work. So, while the condominium (and overall housing) market has remained remarkably resilient in terms of sales and pricing, despite COVID, there is a growing imbalance in the condominium supply we’re building, in favour of a certain type of product for a certain type of buyer (smallersized units for investors). This is both a challenge and an opportunity for the industry and all levels of government looking forward. If the various levels of government reached out to you for insight or advice on how to address the housing affordability issue, what would you suggest? It all depends on whose affordability we are talking about. But regardless of whether we are talking about
affordable homeownership or affordable rental housing, there is a severe shortage of housing supply across the board, in our big urban centres and smaller rural communities. My one piece of advice is that governments at all levels should look at more “positive-outcome” policies that will incentivize desired outcomes. What we currently have tend to be “negative-outcome” policies that try to stop certain outcomes. Instead, governments should be acting as partners/collaborators/catalyzers to support, promote and enable certain desired outcomes. There are already many examples, locally and worldwide, that have proven to work – such as tax incentives or abatements, density bonuses or policy exemptions. For example, in Toronto back in the mid 1990s, the Two Kings Regeneration policy enabled the redevelopment of derelict and abandoned warehouses and commercial spaces into what we know today as King West and King East. If it wasn’t for this pro-active role of government at the time, it is highly doubtful that these neighbourhoods would have become what they are today, or as quickly as they have. Housing affordability is really becoming a serious issue, isn’t it… even to the point of it being a major federal election issue? What’s the solution… or solutions? There is no magic bullet to solve this complex issue, as there are challenges facing Canadians of all income levels, except the highest income earners. But at its core, the problem here is we have an imbalance of supply and demand in this country. Prices are not rising because of foreign buyers or developers taking more profit. It’s Economics 101: if there is more demand than supply of an essential good, then prices for that limited supply will rise and continue to rise, as long as there are still enough buyers willing and able to pay the higher prices.
So, the solution is not to somehow stop or stifle demand, which seems to be the focus of our governments. Instead, as mentioned earlier, the solution is for governments to work with the housing industry to figure out how to enable more supply of the type of housing that hard-working Canadians need and want. We could also benefit from a shift in mindset, remembering that we live in a free-market economy where home builders are, in essence, providing a product in response to consumer needs. So, unless governments plan to get into the business of homebuilding, then everyone needs to remember that the purpose of providing more supply is for people first, but that making profits is also not a four-letter word. What does your new partnership with PMA Brethour, PMA360, entail, and how did this come about? PMA360 is a new division within the PMA Brethour Realty Group, and a testament to Andy Brethour’s entrepreneurial spirit. I’ve known Andy and his new CEO, Chris Markovic, for as long as I’ve been in the industry, but this is the first time we are finally working together. It was through our mutual involvement at ULI Toronto that Chris and I reconnected last year. In learning more about PMA and the things it was up to, I was impressed by how forward-thinking and pioneering the company is in all operations – sales training and corporate culture, but also in a humble way without shouting it from the rooftops. So, I took the opportunity to share an idea for creating a consulting firm that specialized in midrise neighbourhood developments focused on designing and selling to empty nesters and young families. With my experience at Streetcar Developments – the pioneers in midrise development – and my subsequent experience working with several other midrise developers, such as Rockport and Vandyk, I know how difficult it is to make these smaller buildings financially feasible. But I also
learned how to make them work... and having the right sales team and sales strategy is a key part of the equation. When I shared this idea with Andy and Chris, they got it immediately – that there is a growing demand for midrise condominium buildings across the GTA, as the aging Baby Boomers’ housing needs and lifestyle aspirations are changing, but they want to stay in the neighbourhoods where they currently live. What’s your primary goal there? Our goal is to enable the successful development of more smaller scale, boutique and midrise infill condominiums in neighbourhoods across the GTA and beyond, because the demand is already there and will only grow in future as our population continues to age. It is important that our housing industry be able to respond to all housing needs, and PMA360 will help ensure we can fill this growing need with our particular expertise in midrise condo and strategic infill neighbourhood development, construction, design, sales and marketing. How will this be good for prospective homebuyers? As our Baby Boomers become empty nesters, as their now adult children move out of the family home, many are looking to downsize into smaller, more manageable homes that better suit their new lifestyles. But many don’t want to leave the neighbourhoods where they currently live, shop and socialize, and many don’t want to live in 50-storey towers with 500 neighbours. So, midrise infill condo buildings would be an ideal solution for this demographic, and in providing the type of housing for their changing needs, this would actually free up their family-sized singlefamily homes for the next generation of young families. By ensuring we can create the wide range and variety of new housing supply that is needed, this can also help with our supply challenges by ensuring that existing supply is also recirculated into the market.
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We understand you also recently founded and established two start-up companies – a notfor-profit affordable housing development company (Crosswalk Communities) and a housing innovation design firm (TashDesignCo)... How do you do it all? Yes, I have a lot on the go – I believe it actually has a name – a “portfolio career” – but I’ve always been active in many things, ever since my school days of being involved in student government and extracurriculars, while also working part-time and volunteering in my community. This has continued into my working life, as I juggle being a single parent and taking care of aging parents, with my various work initiatives and start-up companies and volunteer commitments. But I only do things that I love to do, and I only work with people who I love working with, and I surround myself with positive-energy people. All of this actually gives me energy. (Plus, I eat a lot of kale, drink a lot of green tea and make six to eight hours sleep every night a priority.)
Crosswalk Communities is a notfor-profit affordable rental housing development company that is exploring a new business model to enable us to provide gearedto-income rents to individuals and families earning less than $20 per hour, as well as access to general life support services, such as daycare, English as a second language, financial literacy and skills training. Our goal is to help our residents eventually move into market rental housing through their own hard work. Really, this is about helping hardworking, low-income Canadians break out of the cycle of poverty by providing the stability of a home and services that will reduce stress and enable their energies to be refocused on activities that will improve their lives and the lives of their children. My daughter came up with the name, thinking that we are helping people cross a busy street by providing a safe crosswalk.
And regarding TashDesignCo, what are they most notable housing innovation designs on the horizon? Part of exploring a new business model to deliver more affordable housing is to look at all inputs in housing development, and that includes the physical buildings. TashDesignCo is a multi-disciplinary, hybrid “R&D plus execution” company essentially set up to look at ways we can physically design and build better buildings. Currently, we are exploring a concept design for a modular, wood construction multi-family apartment that achieves both netzero embodied carbon and net-zero carbon energy operations. It’s a lofty goal, but we believe that addressing the climate crisis should be integrated into addressing the affordable rental housing crisis.
What can you tell us about Crosswalk Communities… and how much of a model for future projects is it?
on a personal note How have you managed during the pandemic? Taken on any new hobbies or acquired new skills? Lots of wine and Netflix… just kidding! But seriously, staying connected with friends and family through phone, email, Zoom and outdoor distanced visits; keeping positive energy and people around me (and getting rid of negative energy and people); sticking to a routine, including proper sleep and fresh air/ exercise; and letting myself have a good cry whenever I felt the need (which was quite often during the hardest times of the pandemic). What, or who, is your greatest inspiration for what you do? My mom and dad, and my daughter, Maya. My mom and dad modelled how to be resourceful, persistent, diligent, optimistic, generous and empathetic. And my daughter reminds me daily about the important things in life – to appreciate the little things, to be present and live in the moment, and to share at least one big, long hug every day. What’s on your reading lists these days? I currently have three books on the go – two non-fiction and one fiction: Value(s): Building a Better World for All by Mark Carney; The Great Indoors: The Surprising Science of How Buildings Shape our Behaviour, Healthy and Happiness by Emily Anthes; and Fugitive Pieces by Anne Michaels – an absolutely beautiful novel by this Toronto author and poet.
30 HOMES Magazine | Oct. 9–Nov. 6, 2021
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Advice | personAl finAnce
WHaT YOU
NEED TO KNOW abOUT BUYING A HOME WITH FAMILY
jesse abrams
Coming up with a down payment isn’t always easy, especially in this hot market, which is why more than 30 per cent of Canadian homebuyers seek help from a parent or family member. When buying a home, family members can lend a helping hand in the form of a “gift” or by participating as a co-signer. Both options are great ways to increase home affordability for first-time buyers and help them enter the market faster. receiving A ‘gift’ towArd your down pAyment
A “gift” is money given by a parent or family member to help with a down payment. Regardless of the amount, gifted funds imply that the money is not a loan and the homebuyer is under no obligation to pay it back. When you receive a gift, a “gift letter” needs to be sent to your mortgage company to verify that these funds are in fact for your down payment. Lenders require this letter from buyers to rule out any further debt obligations and to ensure the source of funds before the mortgage can be approved. A gift letter should include the following details: • The gifter’s name, address and phone number • The gifter’s relationship to the recipient • The dollar amount of the gift • The date the funds were transferred 32 HOMES Magazine | Oct. 9–Nov. 6, 2021
• A statement from the gifter indicating that they do not expect repayment • The gifter’s signature • The address of the new home purchase As many Baby Boomers head into retirement, a great wealth transfer is taking place in Canada, giving many first-time buyers more opportunity to receive financial assistance from family members to buy a home. In fact, one-third of Baby Boomers in Canada’s four major cities have already given or plan to give living inheritances to their family members to purchase real estate. So, we anticipate seeing more first-timers buying with help from their families in the years to come. HAving A fAmily member Act As A co-signer
Help doesn’t necessarily have to come in the form of a cheque. A parent or family member can also act as a co-signer on your home. A co-signer is someone who applies for a mortgage with the primary borrower and legally agrees to take liability on the mortgage and pay off any debt if they are unable to make payments. In most cases, a co-signer is used when a homebuyer lacks the income or credit score to qualify for a mortgage. The benefit of a co-signer is that their credit score and income get combined with the buyer, which improves their home affordability and the overall chances of approval. It’s important to note that a cosigner will be on the title of your home and fully responsible if you stop making your mortgage payments or
“
Help doesn’t necessarily have to come in the form of a cheque. A parent or family member can also act as a co-signer on your home.
”
cannot afford them. With that in mind, it’s highly recommended to review your financial circumstances in detail and determine a long-term budget before making any buying decisions. The last thing you want is to put any financial distress and obligations on your family members. At Homewise, we receive many first-time buyer applicants who are getting help from family members to make a home purchase. As home prices rise and the market remains competitive, both options make it a little easier for first-timers to achieve their goal of homeownership. For more information, connect with an expert mortgage advisor to explore the various mortgage options.
Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com
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ADVICE | WESTERN VIEW
NATIONAL LEADERSHIP IS REQUIRED TO ADDRESS HOUSING CHALLENGES
MIKE COLLINS-WILLIAMS
For generations, Canadians have viewed homeownership as not only a major life milestone, but an investment in their future. Just like older homes need repair and investment, housing affordability (and availability) is in desperate need of attention from all levels of government. In the past, you could work hard, save money and buy a home. Now, a growing number of younger Canadians have been left behind, creating a growing wealth gap between them and those who were able to get a foothold in the housing market before it took off. The current housing crisis threatens to undermine both our quality of life and economic competitiveness. This was recently underscored in a report from a major bank that found that our country has the lowest number of housing units per 1,000 residents of any G7 country, and it’s not getting better. In fact, that number has been falling since 2016 as our population grows. The issues affecting Canada’s housing supply are many, with each level of government wielding influence over different levers that can push and pull housing supply and demand in different directions. Housing demand in Canada, for example, is primarily driven by immigration and monetary policy, which are responsibilities of the federal government. Good news is, there appears to be a national consensus that housing needs to be a priority. In the recent federal
election, all three major federal parties recognized in their platforms that housing supply is the key issue impacting housing affordability in Canada. On the other hand, many of the factors that impact housing supply are driven by provincial policy. Municipal decisions are also key to unlocking new housing supply, as they make decisions on land use, zoning, approval timeframes, development charges, parkland fees, and more. Governments at all levels need to prioritize increasing housing supply. This will help keep housing prices down and free up rental properties (which we also have a significant shortage of), as people move into their first homes. Canada needs more marketrate housing of all forms – lowrise, midrise and highrise, both for ownership and rental. Building more affordable housing (social housing) is as important, but building social housing is not the same as building market-rate housing that Canadians can afford to buy or rent without government subsidy. We need both, and we need to ensure politicians are focused on solutions for housing
affordability for the average Canadian as well as on supporting social housing for those in housing need. At any rate, we’re not building enough social housing to even move the need for the vast majority of Canadians. With the election in the rear-view mirror, we all need to think bigger about the opportunities this great nation has provided all of us and ensure that new Canadians and young people have the same opportunities. This requires all three levels of government working together to address housing supply and choice based on forecast demand, with the objective to fundamentally increase housing supply of all types that will ultimately bring affordability to the majority. Governments truly hold the key to unlocking the door to homeownership again.
Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.
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HOMES Magazine salutes the following companies for their dedication to customer service. After-Sales Service is an essential component of a healthy new home industry. These builders are proud of their commitment to the principles of excellent customer service.
DEDICATED TO
EXCELLENT
TM
34 HOMES Magazine | Oct. 9–Nov. 6, 2021
CUSTOMER SERVICE
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ADVICE | HOME REALTY
TORONTO AN IDEAL RESIDENTIAL DESTINATION
DEBBIE COSIC
Toronto is one of the most celebrated cities in the world, so understandably, it is a prime real estate destination for immigrants and people looking to relocate within Canada. Nearly three million residents call Toronto home, and that number is expected to grow to 3.95 million by 2046. It may seem a long way off, but time is passing quickly these days. It’s easy to understand why Toronto is so desirable. Every year, the city receives high world rankings for everything from quality of life to education, economy and jobs. In addition, our city was ranked second out of 60 municipalities considered in the 2021 Safe Cities Index. What a terrific accolade! Relative to other places in the world, where turbulence dominates the lifestyle, Toronto is seen as a safe haven. When people feel physically safe, they tend to feel mentally alive and happier. Last year, Resonance Consultancy named Toronto 13th of 100 global cities in their World’s Best Cities Report, which examined metropolitan area cities with populations of more than one million. They were judged on the following categories: Place, programming, prosperity, product, people and promotion. And speaking of people, those who move here find an extensive selection of housing types to choose from, including entry-level condos, townhomes, semi-detached and detached homes, luxury homes and condos, and even rental accommodations. Smaller towns tend
36 HOMES Magazine | Oct. 9–Nov. 6, 2021
to offer more lowrise options. Variety sets Toronto apart in Canada. As for making a living, newcomers find jobs here. The tech industry is growing by leaps and bounds, with jobs for everyone from students just out of school to older adults who are not yet ready to retire and want to try something new or expand existing businesses. The entertainment industry is also huge here; Toronto is second only to Hollywood for filming destinations. Students from around the globe flock to Toronto for our world-class post-secondary educational facilities. With University of Toronto, Ryerson University, York University and other great schools, Toronto is a veritable mecca for education. We also have world-class hospitals and health care available, which is an outstanding feature for people of all ages. Then consider Toronto’s transportation system, which is getting better and more expansive all the time. And let’s talk excitement. With new restaurants opening, in addition to the global cuisines already available to satisfy any taste, foodies love living here. Shows and concerts are starting again as well, giving Toronto a real
New York vibe. The city buzzes with life and activity. Museums, art galleries, sports venues, lakeside activities… the possibilities are outstanding. Oh, and of course, there’s the amazing value in Toronto real estate, which has consistently produced double-digit appreciation, even during the pandemic. Both end-users and investors know if they purchase in Toronto, they will enjoy a substantial return-on-investment when they eventually sell. Whether you’re looking to find a spectacular place to live or to invest your money, Toronto is an exceptional choice that continues to get even better all the time.
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 | THE MARKETING EDGE
BUILDING THE BRAND THE ROLE OF MARKETING IN PRE-CONSTRUCTION REAL ESTATE
NICK MONTELEONE
Having been in business for 23 years as partner and creative director at 52 Pick-up, I have been fortunate to have worked closely with visionary developers and partners that have shaped the landscape and skyline of Toronto and the GTA. Over this time, I have seen the role of the brand evolve. Where brands were once limited to a name and a brochure, these days it is so much more – it is an identity that audiences relate to and connect with. The brand identity has progressed into the articulation of the developer’s promise of what a purchaser can expect from the building, from their new home and their new community. It is the vision of the living experience, helping purchasers understand the new opportunities they can look forward to, how they will enjoy the amenities offered, the proximity to transit and the area surrounding them. Showcasing every aspect of the lifestyle; from working from home, meeting new friends, living a fit lifestyle, relaxing and socializing, to being inspired. When working with developer’s to brand a project, I have found that the best brand identities are relatable and reflective of the vision. They are grounded in the architecture, the design and inspiration. They complement the surrounding area, fit into the community, and reflect the values of the target market who will eventually occupy the
building or home. To design a brand that accomplishes all this is our mission, and we do so with intent and purpose. While the creative aspect of the brand is the fun part, there is a lot of science behind it. It isn’t just about beautiful typography and a lovely visual. The creative process is driven by poignant and strategic research that leads us to articulate a brand strategy. The “art” of branding, while always focused on the target market, is the embodiment of all the intel from the brand strategy. This is where we create a visual identity for the brand, developing a unique visual language that aligns the strategy and promise of the brand with the right aesthetic to appeal to the target market. This stage includes the creation of a logo and/or word mark, a graphic symbol in many instances, a colour palette, typography style and brand guidelines.
This process is how we create a unique personality for the condominium brand; one that speaks to the target market and entices them to visit the project’s website, register and eventually buy. Creating the ideal brand is as important as all the other aspects of the new development; it is the most significant aspect of placemaking, ultimately creating desire. And isn’t that the whole point?
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 | GTA NORTH & EAST
FIELDGATE HOMES ANNOUNCES THE GRAND OPENING OF DREAMSCAPE, CITYSIDE AND EMERALD CROSSING Fieldgate Homes is now open for purchasing by virtual sales appointments across the GTA. You can connect with the sales team by phone, video chat or email for a secure and convenient homebuying experience. The Fieldgate teams are waiting to help you find your perfect home. Explore the featured communities and contact them today!
Enjoy affordable living in revitalized Oshawa with the incredible residences of Dreamscape, now open! This highly anticipated new home community offers a superb mix of expertly designed and crafted 36- and 42-ft. singles, moments to the best modern amenities Durham has to offer. Big box stores, bespoke boutiques, delicious dining, great schools, trails, and conservation areas await those who call Dreamscape “home.”
RICHMOND HILL: RICHLANDS
Now open by virtual appointment only – 36-, 38- and 43-ft. singles from $1.9 million Live adjacent to the beloved Richmond Green Sports Park in a community of sophisticated elegance with Richlands. Peaceful living comes home to quiet crescents and calming cul-de-sacs that truly evoke a feeling of gentle ease. Experience the richness of life with refined 36-, 38-, and 43-ft. singles surrounded by a protected greenbelt, prestigious modern amenities, schools, shopping, dining, convenient transit access and so much more.
Register now at fieldgatehomes.com SHELBURNE: EMERALD CROSSING
OSHAWA: DREAMSCAPE
Now open by virtual appointment only – 36- and 40-ft. singles from the $900,000s Emerald Crossing is now open, meaning now’s the time to discover a still country landscape surrounded by every modern convenience imaginable in Shelburne’s most anticipated new home community. Enjoy an incredible collection of freehold townhomes and 36- and 40-ft. singles available now, just minutes from big brand outlets, remarkable restaurants, breathtaking greenspaces and so much more. Value is soaring in Shelburne as it’s Canada’s second-fastest growing municipality, so there’s no better time to get in on its best new home opportunity.
Now open by virtual appointment only – 36- and 42-ft. detached singles from $1 million
Register now at fieldgatehomes.com
Register at fieldgatehomes.com to book your virtual appointment.
38 HOMES Magazine | Oct. 9–Nov. 6, 2021
STOUFFVILLE: CITYSIDE
KLEINBURG: NEW KLEINBURG
Now open by virtual appointment only – 36- and 40-ft. singles from $1.3 million Discover an incredible community of 36- and 40-ft. singles at an ideal Stouffville location with Cityside, now open! This is your chance to make your dream home come true in an incredible community setting, moments from Stouffville’s best amenities. Cityside is located just minutes from Markham, Hwys. 404 and 407, and the Stouffville GO station.
Coming soon – new release of freehold townhomes New Kleinburg is a community of inspired family residences in a beautiful setting, just moments from the heart of historic Kleinburg. With the future Hwy. 427 extension just minutes away, a new community school and excellent urban amenities close at hand, life in Kleinburg has never been more convenient. Coming soon, discover a remarkable collection of expansive townhome designs in this beautiful master-planned community.
Register for the next release now at fieldgatehomes.com
Register now at fieldgatehomes.com
AJAX: ATOWNS
PICKERING: SEATON
The Park Collection coming soon – terrace townhomes from the $900,000s An all-new release of stunning terrace townhomes is coming soon to Ajax, with the aTowns’ Park Collection. At Bayly Street and Salem Road, discover stunning new family-sized residences backing onto open greenspace, a series of parkettes, sports court, and more all connected by winding walking trails weaved throughout. Better still, live surrounded by modern amenities and mere moments to stunning Lake Ontario! Get the most out of Ajax’s bustling downtown area and enjoy great shopping, tasteful dining, convenient GO Transit, easy access to Hwy. 401 and so much more all nearby.
Register for next freehold townhome release Discover a serene natural landscape and the convenience of incredible big city amenities at Seaton by Fieldgate Homes. Contemporary modern living arrives at the crossroads between old and new, offering a remarkable collection of freehold two-car garage towns in a beloved community setting. This new community truly has something for everyone, with Pickering Town Centre, sparkling Lake Ontario, shopping, greenspaces, restaurants, Toronto’s eastern border and so much more just minutes away. Seaton by Fieldgate Homes is temporarily sold out, so register at fieldgatehomes.com to be notified of future releases.
Register now at fieldgatehomes.com for your chance to attend a Preview Purchase Event. WHITBY: WHITBY MEADOWS
Coming soon – new release of semis and singles from the $900,000s The anticipated new release of residences is coming soon to Whitby Meadows with Phase 3! Take advantage of spectacular residences in one of the GTA’s most popular communities, with all-new semis and 36- and 42-ft. detached designs. Find a master-planned community offering west Whitby’s best lifestyle near shopping, restaurants, Iroquois Park Sports Centre, Whitby GO station, excellent schools and more.
VAUGHAN: THE COLLECTION
Freehold townhomes coming soon – register now Get ready for a remarkable new freehold townhome community coming soon to the heart of central Vaughan, with The Collection! Enjoy the utmost of a contemporary lifestyle with a wide selection of stunning townhome designs within a master-planned community, just moments to the finest modern amenities offered in central Vaughan. Register now at fieldgathomes.ca and be first to receive exclusive updates on Vaughan’s anticipated new townhome community.
Register now at fieldgatehomes.com
nexthome.ca 39
BUILDER PROFILE | PICKERING
ASPREY TOWNS GERANIUM OFFERS UPSCALE THREE-STOREY TOWNS SURROUNDED BY A WEALTH OF AMENITIES Once again, Geranium is offering new-home buyers an opportunity to live in a highly desirable mature neighbourhood, with amenities and daily conveniences at the doorstep. At Asprey Towns in West Pickering, discover built-in value in these three-storey townhomes that are comparable in size to average detached homes, at prices lower than new and resale singles in the same location. Asprey Towns is situated at Altona Road and Twyn Rivers Drive, close to Pickering Town Centre, with more than 200 shops and services, as well as being a major transportation centre quickly linking residents to the broader GTA. The site is surrounded by shops, dining, schools for all ages, and close to Hwys. 401 and 407. In addition, Pickering has a wealth of sports clubs, recreation centres, Cityrun events and leagues, plus outdoor 40 HOMES Magazine | Oct. 9–Nov. 6, 2021
adventure at nearby Rouge National Urban Park. More than 50 per cent sold, Asprey Towns’ modern open-concept layouts range in size from 2,336 to more than 2,600 sq. ft. over
three finished levels, ready to enjoy from the day you move in. Primary features include two-car garages, plus driveway parking, large terraces plus balcony, three generously sized bedrooms, a ground floor recreation
room, two powder rooms and two full bathrooms. It’s no surprise that these homes have sold so well. Spectacular interior finishes include soaring nine-ft. smooth main floor ceilings, large windows, gourmet-inspired kitchens with granite countertops, built-in pantries, and a stainless-steel appliance package including stove, refrigerator, dishwasher, and range hood/microwave, which all add to the value. Asprey Towns is comprised of 22 townhomes in a private enclave, complete with its own small playground. Exteriors will be finished with long-lasting and low maintenance materials such as clay brick and stone veneer with decorative embellishments, and welcoming covered front porches. Geranium’s stringent building practices and superior construction, paired with a home built better than Ontario’s Building Code and with Tarion warranty protection, provide lasting value and enjoyment.
Along with the warranty and construction benefits of buying new, purchasers at Asprey Towns will be able to select their interior finishes from an array of Geranium’s standard and upgrade options to further personalize their home. Asprey Towns homebuyers can be confident knowing that they are purchasing from a reputable builder, as Geranium is Durham Region’s 2021 Home Builder of the Year (Small Volume). Since 1977, Geranium has welcomed more than 8,500 families to its new home communities in Stouffville, Aurora, Port Perry, and Pickering, to name a few. Asprey Towns are priced from slightly more than $1 million. Quality construction is on display at the presentation centre. Call for a personal appointment or visit the website to view available floorplans and prices. 905.492.2600. aspreytowns.com nexthome.ca 41
ADVICE | REAL INSIGHT
WEALTH TRANSFER PUSHING DEMAND ON TIGHT SUPPLY
KEVIN CRIGGER The price of real estate continues to climb, and many Baby Boomers are supporting their children with funds to start their homeownership journey. In a recent episode on TRREB’s Ready to Real Estate podcast, we unpacked generational wealth transfer and how it relates to the housing market; it’s an ongoing trend of wealth passed down from one generation to another. When it comes to how this impacts real estate, we learned that early inheritances are changing how new buyers are cascading into the homeownership world. More firsttime buyers are looking towards their parents for help with the house hunt, especially with upward pressure on prices and stricter mortgage lending rules, including the stress test. However, gifted funds are supporting down payments and driving up demand in the GTA. In fact, consumer polling conducted by Ipsos for TRREB suggested that about 40 per cent of buyers in 2021 would be first-timers. This means many first-time buyers might reap the benefits of a generational wealth transfer, and in turn increase demand on the already tight supply of homes available for sale. This is why it’s important to address housing supply. We know demand will remain strong in the GTA as the population continues to grow, perhaps at a record pace in the initial years of recovery from the pandemic. Policymakers at all levels
42 HOMES Magazine | Oct. 9–Nov. 6, 2021
must pursue a coordinated effort to bring on a greater diversity of supply in major metropolitan areas. Otherwise, the journey to buying a home will get harder and pricier for many buyers. The only long-term solution to affordability is to build more homes to accommodate the needs of our growing region. An affordable housing supply will also be important to sustain the economic competitiveness of the GTA on a global scale. I invite you to tune into TRREB’s Ready to Real Estate podcast to uncover more topics such as generational wealth transfer. In our newest season, we’ll feature fascinating interviews and thoughtprovoking viewpoints on the latest real estate trends, critical issues facing
today’s marketplace, and the industry as a whole. Discover more homeownership trends by visiting trreb.ca and explore the latest reports. You can also connect with a TRREB member realtor and search listings in real time on any device.
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.
+MORE CONTENT ONLINE nexthome.ca
HOMES MAGAZINE
NORTH REGION FEATURING PROFILES OF NORTH REGION ONTARIO BUILDERS AND COMMUNITIES
PICTURES ARE COURTESY OF GEORGIAN COMMUNITIES. FOR MORE INFORMATION SEE PAGES 6-7.
Alliston • Barrie • Collingwood • Innisfil • Orillia Meaford • Shanty Bay • Thornbury • Wasaga Beach nexthome.ca 43
Professors’ Walk WEST RIDGE PLACE - ORILLIA
ST S U J OT 2 L FT! LE
PROFESSOR’S WALK PH4 ALMOST SOLD OUT! Find your perfect home in Orillia’s dynamic new residential community. Discover stunning Bungalow and 2-Storey homes on oversized and ravine lots. Our designs include: brick and stone facades, 2-car garages, california ceilings, 3-piece appliance package and insulated steel garage doors! Hurry, Phase 4 is almost SOLD OUT!
EMAIL christopher@democrathomes.com
democrathomes.com
HOMES MAGAZINE
HOMES MAGAZINE SOUTHWESTERN
SOUTHWESTERN ONTARIO ONTARIO FEATURING AND COMMUNITIES COMMUNITIES FEATURINGPROFILES PROFILESOF OFSOUTHWESTERN SOUTHWESTERN ONTARIO ONTARIO BUILDERS AND
PICTURES ARE COURTESY OF DUNPAR HOMES. FOR MORE INFORMATION SEE PAGE 49. PICTURES ARE COURTESY OF DUNPAR HOMES. FOR MORE INFORMATION SEE PAGE 37.
Brantford • Burlington • Cambridge • Georgetown • Guelph Halton •Hills • Hamilton • Kitchener-Waterloo Brantford Burlington • Cambridge • Georgetown• Milton • Guelph Niagara • Oakville • Stoney Creek • And Surrounding Areas
Halton Hills • Hamilton • Kitchener-Waterloo • Milton Niagara • Oakville • Stoney Creek • And Surrounding Areas
nexthome.ca 45
BUILDER PROFILE | ETOBICOKE
BOUTIQUE TOWNS COLLECTION DUNPAR OFFERS GRACIOUS LIVING CLOSE TO ALL CONVENIENCES The latest townhouse collection from Dunpar Homes in Etobicoke offers a lifestyle big on convenience, comfort and community. With 14 back-to-back units, the Boutique Towns Collection at 80 Thirtieth St. features thoughtful design and spacious, versatile floorplans. These solidly built homes promote sustainable living with easy access to shopping centres, schools, 46 HOMES Magazine | Oct. 9–Nov. 6, 2021
parks, highways, recreation facilities and natural greenspace. Grab a latte at the neighbourhood Starbucks and pick up what you need from the shops along Lake Shore Blvd. W. Stop into a salon or spa, or indulge your tastebuds with takeout or dine in at the wide array of restaurants. Borrow a good read at the Long Branch location of the Toronto Public Library. Two major
drugstores – Shoppers and Rexall – are in proximity, as well as an RBC branch, Tim Hortons, Dollarama, The Beer Store, LCBO and No Frills. The Lake Ontario waterfront is close by, as well as many parks such as Marie Curtis Park, Long Branch Park and Colonel Samuel Smith Park. Stretching along the wooded Lake Ontario shoreline, Colonel Samuel Smith Park is perfect for
strolling, bird and wildlife watching, biking, or to exercise the family pet in the off-leash area. It has the city’s first ice skating trail, a figure-eight shaped loop beside the Power House Recreation Centre. Marie Curtis Park has children’s amenities, including a playground and wading pool, public beach, off-leash dog area, picnic spots and walking trails that link to the Martin Goodman Trail and Waterfront Trail. Families will find childcare facilities in the neighbourhood as well as elementary and high schools. Close by is Humber College’s Lakeshore campus with more than 10,000 students, set in a park-like setting, and extensive post-secondary program offerings. The LEED Silver-certified Lakeshore Commons building features airy, open common areas and workspaces, computer labs, media production suites, art gallery and cafeteria. For golfers, the private Toronto Golf Club, the third oldest golf club in North America, is a short distance away, as well as the public Lakeview Golf Course, a parklandstyle course with 18 holes. Sailors can dock their boats at the Port Credit Yacht Club, a year-round private club with excellent services and facilities. Or the Port Credit Sailing Club is a not-for-profit organization that offers easy, affordable access to Lake Ontario with competitive and recreational sailing. Boutique Towns Collection owners will find it easy to get around with the Long Branch GO Station in the neighbourhood, TTC stops and easy access to highways, including the Gardiner Expressway, Queen Elizabeth Way and Hwy. 427. Dunpar specializes in townhomes and the Boutique Towns’ attractive, functional design is a testament to the company’s expertise. Exteriors are architecturally modeled on the English Georgian Manors utilizing genuine Custom Natural Indiana Limestone features and planter boxes crafted with ledger rock Kingston Hue Stone. The four-storey towns feature a direct connection from the garage on the ground floor, with spacious multifunctional living on the main floor where you can cook, eat, relax and entertain in one large, open space. You’ll find two-bedrooms, laundry and bathroom on the second floor, the private master suite, bathroom and balcony on the third and a private rooftop deck on the fourth. For more than 40 years, Dunpar Homes has been building thoughtfully designed and architecturally unique homes and communities across the GTA. It has established a reputation as a premier builder specializing in luxury townhomes with elegant design, quality craftsmanship and contemporary features. It has demonstrated its ability to adapt to the evolving industry by offering homebuyers comprehensive virtual tools to help them achieve their ownership goals. For more information on Dunpar and Boutique Towns Collection, visit dunparhomes.com.
nexthome.ca 47
INSPIRATION |
product showcase
n o i t a r i p s in
Home
A revolutionary surface BATHROOM STAR Enivo promises to be the star of your bathroom. Textured drawers and panels juxtapose against glossy moulding in the chest-like cabinet base, while the rich finishes of the ribbed baton-style hardware add visual interest and bright pops of contrasting metal. KOHLER | kohler.ca
Renovator’s dream shop Quartz countertops offer great beauty, value, durability and maintenance-free simplicity. Beyond Marble and Granite fabricates and installs quartz and granite countertops for kitchens, bathrooms and laundry rooms, and can also customize fireplace surrounds. The company also offers a wide range of products such as custom cabinetry, porcelain tile, mosaics, faucets, sinks and more. Visit BMG’s showroom in Vaughan for professional customer service and competitive prices. BEYOND MARBLE AND GRANITE | beyondmarbleandgranite.com
50 HOMES Magazine | Oct. 9–Nov. 6, 2021
GEOLUXE introduces the Reflection Collection, a series of five new colours inspired by the Japanese art of stone appreciation also known as Suiseki (水石). This collection will take you on a journey of exotic art that is sure to liven your space and heighten your senses. The first two colours, Wool and Greige, are now available exclusively at Ciot. CIOT INC. | ciot.com
A PROPER THRONE If you are looking for a bidet toilet that can do it all, then this smart toilet is for you. Don’t settle for second best. The TitanDT-300 provides all the luxuries and features that a modern toilet should, and then some. With built-in sensors, the TitanDT opens automatically, and flushes when you get up. Along with a built-in bidet, a self-cleaning nozzle, warm air dryer, night light, self-rising and falling cover, and massage cleansing, the Titan will do it all. Give your castle a proper throne. Available on costco.ca, search for Ecoway or TitanDT. ECOWAY | costco.ca
ONE-STOP SHOPPING Lumberland North Inc. is Canada’s largest vanity showroom. Known for using the highest quality building materials, the company offers a wide selection of products, from stones and marble, to kitchen and vanity hardware, at amazing prices. This family-owned and operated company has been offering products that you need to get the job done for home renovation projects in and around Brampton for five decades. From custom cabinetry to plumbing fixtures and crown moulding, Lumberland North has it all – a one-stop shop for homebuilding and decor. Take advantage of its services in and around Brampton. LUMBERLAND NORTH INC. | lumberlandnorth.com
Form meets function
This four-ft. wide wood and steel bench by Canadian furniture craftsman Matthew Young mixes materials, bringing together the artist’s vision of “form meets function.” Spalted maple sits on a mix of flat steel and steel tube legging, and the result is a beautiful, sturdy and functional piece that works inside or out. MY WOOD TABLE | mywoodtable.ca
Oasis of your dreams
Small space? No problem! Introducing the new Sequence, showcasing an open-concept feel and a more modern take on the alcove-style tub. What’s more, choose a newly released, compatible two-sided door from Fleurco’s most popular models. Create the oasis of your dreams, even with less space! FLEURCO | fleurco.com nexthome.ca 51
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HOT PROPERTIES
FIND YOUR NEXT HOME
The latest properties in the Greater Toronto Area to keep your eye on
MAP LOCATION
SITE
ADDRESS
CONTACT
1.
Ajax..................................................A Towns ...................................................................... Bayly St. E. & Salem Rd. S. ....................................................... fieldgatehomes.com
2.
Ajax..................................................A Towns ...................................................................... Bayly St. E. & Salem Rd. S. ..........................................paradisedevelopments.com
3.
Aurora.............................................Queen’s Grove Collection..................................... Yonge St. & Bloomington Rd. ............................................... northstarhomes.com
4.
Aurora.............................................Allegro Downtown Aurora .................................... 36 Klees Crescent .................................................................................geranium.com
5.
Aurora.............................................Woodhaven ............................................................... 14222 Yonge St. ................................................................brookfieldresidential.com
6.
Aurora.............................................Shining Hill ................................................................ Yonge St. & St. John’s Siderd. .............................................. regalcresthomes.com
7.
Aurora.............................................Aurora Townhomes................................................. George St. & Wellington St. .........................................................andrinhomes.com
8.
Aurora.............................................Paradise Aurora ........................................................ Mavrinac Blvd. & Wellington St. ...............................paradisedevelopments.com
9.
Brampton.......................................Vales of the Humber Estates ................................. McVean Dr. & Countryside Dr.............................................. regalcresthomes.com
10.
Brampton.......................................Spring Valley Estates ............................................... 1364 Queen St. ........................................................................ springvalleyestates.ca
11.
Brampton.......................................Mayfield Village ........................................................ Bramalea Rd. & Mayfield Rd. ................................................. royalpinehomes.com
12.
Brampton.......................................The Sandalwood ...................................................... 120 Sandalwood Parkway East ............................................. royalcliffhomes.com
13.
Brampton.......................................Three Rivers Claireville........................................... Goreway Dr. & Humberwest Pkwy ....................................... nationalhomes.com
14.
Brampton.......................................Queens Lane Townhomes .................................... Mississauga Rd. & Queen St. ....................................... branthavenbrampton.com
15.
Brampton.......................................Cleave View Estate By The Credit ........................ Queen St. & Mississauga Rd. ................................................ regalcresthomes.com
16.
Brampton.......................................Westfield..................................................................... Mississauga Rd. & Steeles Ave. ...........................................................greatgulf.com
17.
Brampton.......................................The Estates of West River Valley........................... McVean Dr. & Countryside Dr............................................... royalpinehomes.com
18.
Brampton.......................................Mount Pleasant North & UNION Mount Pleasant .... Remembrance Rd. & Edenbrook Hill Dr. ............................mattamyhomes.com
19.
Brampton.......................................High Point .................................................................. Mississauga Rd. & Mayfield Rd. ................................paradisedevelopments.com
20.
Brampton.......................................Beechwood ............................................................... Chinguacousy Rd. & Mayfield Rd. ...........................paradisedevelopments.com
21.
Caledon .........................................Ellis Lane .................................................................... Mayfield Rd. & Chinguacousy Rd. ........................................mattamyhomes.com
22.
Caledon .........................................Palgrave Estates ....................................................... Mount Pleasant Rd. & Hunsden Rd. ...............................................flatogroup.com
23.
Caledon .........................................Pathways Caledon East .......................................... Old Church Rd. & Innis Lake Rd. .....................................................flatogroup.com
24.
Etobicoke.......................................Vita On The Lake 2 .................................................. 2167 Lake Shore Blvd. W. ........................................................mattamyhomes.com
25.
Etobicoke.......................................Lake Shore Village ................................................... 68 Daisy Ave. ................................................................................. dunparhomes.com
26.
Etobicoke.......................................Lake & Town .............................................................. Islington Ave. & Lake Shore Blvd ......................................................... menkes.com
27.
Etobicoke.......................................80 Thirtieth St. Towns ............................................. 80 Thirtieth St. .............................................................................. dunparhomes.com
28.
Etobicoke.......................................2650 St. Clair Ave W. ............................................... 2650 St. Clair Ave W .................................................................... dunparhomes.com
29.
Kleinburg .......................................New Kleinburg .......................................................... Hwy. 27 & Major McKenzie Dr. W. ........................................ fieldgatehomes.com
30.
Kleinburg .......................................The Enclave on Nashville ...................................... 99 Nashville Rd. .......................................................................stateviewhomes.com
31.
Markham and Unionville ...........Canvas on the Rouge ............................................. 9700 Ninth Line ...........................................................................canvasmarkham.ca
32.
Markham and Unionville.............Cornell Markham ..................................................... Bur Oak Ave. & Hwy 7 .............................................................. ballantryhomes.com
33.
Marham and Unionville .............Union Glen ................................................................ Kennedy Rd. & Major McKenzie ............................................ fieldgatehomes.com
34.
Markham and Unionville ...........Riverwalk Meadows ................................................ Ninth Line & 14th Ave. .......................................................................flatogroup.com
35.
Markham and Unionville ...........Angus Glen South Village ...................................... 9980 Kennedy Rd., #200. .........................................kylemorecommunities.com
36.
Markham and Unionville ...........Kennedy Manors ...................................................... 4500 Major Mackenzie Dr East. ...............................kylemorecommunities.com
37.
Markham and Unionville ...........Nao Phase 2 .............................................................. 14th Ave. & McCowan Rd.......................................................stateviewhomes.com
38.
Markham and Unionville ...........On The Mark Phase 2.............................................. 16th Ave. & Woodbine Ave. ...................................................stateviewhomes.com
54 HOMES Magazine | Oct. 9–Nov. 6, 2021
+
MAPS
BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA
MAP LOCATION
SITE
Locate properties using the map on the following page
ADDRESS
CONTACT
39.
Markham and Unionville ...........Minu Towns ............................................................... Donald Cousens Pkwy. & Ninth Line ..................................stateviewhomes.com
40.
Oshawa ..........................................Kingsview. Ridge ...................................................... Taunton Rd. & Townline Rd. N........................................................treasurehill.com
41.
Oshawa ..........................................Dreamscape .............................................................. Conlin Rd. & Harmony Rd. ..................................................... fieldgatehomes.com
42.
Oshawa .........................................Winchester Estates .................................................. Ritson Rd. & Winchester Rd................................................................... menkes.com
43.
Oshawa ..........................................Park Ridge .................................................................. Conlin & Townline Rds. ................................................... tributecommunities.com
44.
Pickering ........................................Geranium in Pickering............................................ Altona Rd. & Twyn Rivers Dr. .............................................................geranium.com
45.
Pickering ........................................Nutowns ..................................................................... Brock Rd. & Whitevale Rd. ............................................................ madisongroup.ca
46.
Pickering ........................................Edgewood Pickering............................................... Altona Rd. & Finch Ave. .......................................................................geranium.com
47.
Pickering ........................................Seaton ......................................................................... 1075 Taunton Rd. ...................................................................... fieldgatehomes.com
48.
Pickering ........................................Frenchman’s Bay...................................................... Liverpool Rd. & Bayly St. ...................................................................madisonfb.com
49.
Pickering ........................................Seatonville ................................................................. Brock Rd. & Taunton Rd. ............................................paradisedevelopments.com
50.
Richmond Hill ..............................The Bond ................................................................... Yonge & King.............................................................................stateviewhomes.com
51.
Richmond Hill ..............................King’s Landing .......................................................... Oak Ridges ................................................................................stateviewhomes.com
52.
Richmond Hill .............................Ivylea ........................................................................... Leslie St. & 19th Ave. ......................................................................marlinspring.com
53.
Richmond Hill ..............................Richlands.................................................................... Leslie St. & Elgin Mills Rd. ...................................................... fieldgatehomes.com
54.
Richmond Hill .............................Millbrook Park........................................................... Elgin Mills & Leslie St..........................................................northstarhomesinc.com
55.
Richmond Hill .............................Park Lane Place ........................................................ Elgin Mills & Leslie St..........................................................northstarhomesinc.com
56.
Richmond Hill .............................Observatory Hill ....................................................... Bayview Ave. & 16th Ave. ........................................................myobservatoryhill.ca
57.
Richmond Hill .............................Rosedale Greens ...................................................... Leslie St. & 19th Ave. .........................................................northstarhomesinc.com
58.
Richmond Hill ..............................Emerald Crossing..................................................... 8854 Yonge Street .................................................................... fieldgatehomes.com
59.
Richmond Hill ..............................King East Estates ...................................................... King Rd. & Toscanini Rd...................................................................... pureplaza.com
60.
Scarborough .................................670 Progress Ave. .................................................... Progress Ave. & Grangeway Ave. ......................................... fieldgatehomes.com
61.
Scarborough .................................Valleyview Garden................................................... 3012 Kennedy Rd. ...................................................................valleyviewgardens.ca
62.
Scarborough .................................Upper Summerside ................................................. 743 Warden Ave. ......................................................................mattamyhomes.com
63.
Scarborough .................................2787 Eglinton Ave. E................................................ 743 Warden Ave. ......................................................................mattamyhomes.com
64.
Scarborough .................................Twelve on The Ravine ............................................ 1379 Military Trail ....................................................................................905-477-1177
65.
Thornhill ........................................Citylux Towns at Thornhill Woods ...................... Dufferin St. & Rutherford Rd. ................................................ fieldgatehomes.com
66.
Vaughan .........................................Hotel Vie..................................................................... 8440 Hwy. 27............................................................................................hotelvie.com
67.
Vaughan .........................................Evoke ........................................................................... Dufferin St. & Rutherford Rd. ..........................................................treasurehill.com
68.
Whitby ............................................Queen’s Common ................................................... 1075 Taunton Rd.. .....................................................................mattamyhomes.com
69.
Whitby ...........................................Country Lane ............................................................ Taunton Rd. & Country Lane ........................................... countrylanewhitby.com
70.
Whitby ...........................................The Hamptons at Country Lane .......................... Taunton Rd. & Country Lane ......................................................... heathwood.com
71.
Whitby ...........................................The Boatworks Towns in Whitby ......................... Brock St. S. & Victoria St. W. ........................................................andrinhomes.com
72.
Whitby ...........................................Park Vista/Whitby Meadows ................................. Cochrane St. & Taunton Rd ................................................... fieldgatehomes.com
73.
Whitby ............................................The Landing in Whitby Harbour........................... Brock St. South & Victoria St. ................................................................ carttera.com
74.
Whitechurch/Stouffville ............Blue Sky ...................................................................... 9th Line & Millard St. ................................................................ fieldgatehomes.com
75.
Whitechurch/Stouffville ...........Cityside Stouffville................................................... Tenth line & 19th Ave. ............................................................. fieldgatehomes.com
76.
Woodbridge ..................................Pine Valley.................................................................. Pine Valley Dr. & Major Mackenzie Dr. .....................................marlinspring.com nexthome.ca 55
HOT PROPERTIES | GREATER TORONTO AREA
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7 4 5 3 59
23
58 50
52 51 57 53 54 24
55
56 37 30
76
65 67
29 31 17 9
66
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56 HOMES Magazine | Oct. 9–Nov. 6, 2021
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MAPS
CARTOGRAPHY: MARKETMAPS.COM
Match the map numbers with property listings on the previous Hot Properties page
nexthome.ca 57
HOT PROPERTIES | OUT OF TOWN EAST
FIND YOUR NEXT HOME L
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1. 2. 3. 4. 5. 6. 7.
LOCATION
SITE
ADDRESS
CONTACT
Courtice .........................................The Vale ...................................................................... Prestonvale Rd. & Bloor St....................................................... nationalhomes.com East Region ...................................Newbrook .................................................................. North St. & Concession Rd. ......................................................brookfieldhomes.ca East Region ...................................Haven on the Trent .................................................. Forest Hill Rd. & Riverside Trail................................................................. sifton.com Peterborough ...............................Parklands & The Condo Arbour Villas ................ 1224 Chemong Rd. .......................................................................... masonhomes.ca Port Hope/Cobourg ...................Port Hope Lakeside Village ................................... 415 Lakeshore Rd. ............................................................................ masonhomes.ca Port Hope/Cobourg ...................Kingswood Cobourg............................................... 425 King St. E. .................................................................................... masonhomes.ca Port Perry.......................................Courts of Canterbury .............................................. Simcoe St. & Country Estates Dr. ......................................................geranium.com
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58 HOMES Magazine | Oct. 9–Nov. 6, 2021
HOT PROPERTIES | OUT OF TOWN NORTH
FIND YOUR NEXT HOME
The latest properties in the Out of Town North Area to keep your eye on 4
2 15 9
6 11
14
1
8
5
CARTOGRAPHY: MARKETMAPS.COM
7
12 13 3 10
MAP 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15.
LOCATION
SITE
ADDRESS
CONTACT
Barrie ..............................................Hampton Heights .................................................... Essa Rd. & Ardagh Rd. .............................................................stateviewhomes.com Bracebridge ..................................White Pines ................................................................ 39 Clearbrook Trail ...................................................................mattamyhomes.com Horseshoe Valley.........................Forest Heights Estates ............................................ 2 Diamond Valley Dr., Oro Medonte ................................. democrathomes.com Muskoka .........................................Highcrest in Muskoka ............................................. 46 Hanes Rd. ...................................................................... edgewoodmuskoka.com North Region ................................Friday Harbour Resort ............................................ Big Bay Point Rd. & 13th Line, Innisfil ..............................................geranium.com North Region ................................Craighurst .................................................................. Horseshoe Valley Rd. & Hwy. 93................................georgianinternational.com North Region ................................Mountain House at Windfall ................................. Mountain Rd. & Crosswinds Blvd, Collingwood ...georgianinternational.com North Region ................................Emerald Crossing..................................................... Hwy. 89 & Hurontario St., Shelburne .................................. fieldgatehomes.com North Region ................................Braestone Horseshoe Valley ................................. 3246 Line 9 North, Oro Medonte..............................georgianinternational.com North Region ................................GreenRidge & Beeton Village ............................... 41 Main St. W., Beeton .......................................................................flatogroup.com North Region ................................Midhurst Heights...................................................... Russel Rd. & Craig Rd...........................................................................geranium.com North Region ................................Edgewood Greens ................................................... Hwy. 10 & Main St. East, Dundalk ...................................................flatogroup.com North Region ................................Edgewood Suites ..................................................... 270 Hagan St. E., Dundalk .........................................................edgewoodsuites.ca North Region ................................Collingwood ............................................................. Maple & Sixth Street ..........................................................georgianinternational.ca Orillia ..............................................Professor’s Walk ....................................................... Diana Dr. & University Ave. ................................................... democrathomes.com
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nexthome.ca 59
HOT PROPERTIES
FIND YOUR NEXT HOME
The latest properties in the Southwestern Ontario Area to keep your eye on
MAP LOCATION
SITE
ADDRESS
CONTACT
1.
Burlington/Waterdown..............The Towns at Valera ................................................ 4858 Thomas Alton Blvd. ...................................................adidevelopments.com
2.
Burlington/Waterdown..............Nautique Lakefront Residences ........................... 375 Brant St. ............................................................................adidevelopments.com
3.
Burlington/Waterdown..............National Homes in Burlington, ............................ 484-490 Plains Rd. E. ............................................................... nationalhomes.com
4.
Burlington/Waterdown..............Affinity Condominiums .......................................... Plains Rd. E. & Filmandale Rd. ............................................ rosehavenhomes.com
5.
Burlington/Waterdown..............Millcroft Towns ......................................................... Appleby Line & Taywood Dr........................................... branthavenmillcroft.com
6.
Hamilton-Wentworth .................Losani Homes at Barton & Glover ....................... Barton St. & Glover Rd. ..................................................................losanihomes.com
7.
Hamilton-Wentworth .................On The Ridge ............................................................ Mud St. & First Ave. ......................................................................... liveontheridge.ca
8.
Hamilton-Wentworth .................Central Park: Midtown & Soho ............................. Upper Red Hill Valley Pkwy & Rymal Rd. .................................. MyCentralPark.ca
9.
Hamilton-Wentworth .................Tiffany Hill Phase 3.................................................. 288 Raymond Rd. ............................................................................... rosehaven.com
10.
Hamilton-Wentworth .................Monterey Heights .................................................... Shaver Rd. & Garner Rd. W. ..........................................................dicenzohomes.ca
11.
Hamilton-Wentworth .................Stonegate Park ......................................................... Upper Wellington St. & Stone Church Rd. E. ...........................dicenzohomes.ca
12.
Kitchener/Waterloo ....................Wallaceton ................................................................. Huron Rd. & Fischer-Hallman........................................................ heathwood.com
13.
Kitchener/Waterloo ....................River Ridge................................................................. 90 Deer Creek St. ............................................................................................. activa.ca
14.
Kitchener/Waterloo ....................Vista Hills.................................................................... 259 Sweet Gale St............................................................................................ activa.ca
15.
Kitchener/Waterloo ....................Avenue M ................................................................... 40 Margaret Ave. .................................................................................. avenuemkw.ca
16.
Kitchener/Waterloo ....................Young Condos at City Centre ............................... King West & Young St. ...................................................................andrinhomes.com
17.
Kitchener/Waterloo ....................Trailside at Grey Silo Gate...................................... 243 Grey Silo Rd............................................................................................... activa.ca
18.
Kitchener/Waterloo ....................Riverwood ................................................................. 90 Deer Creek St. ............................................................................................. activa.ca
19.
Kitchener/Waterloo ....................Doon South & Ormston at Doon South ............ 653 Thomas Slee Dr. ....................................................................................... activa.ca
20.
London ...........................................RiverBend Golf Community.................................. 2200 Jack Nash Dr. ..................................................................................... sifton.com
21.
London ...........................................Victoria Flats.............................................................. Commissioners Rd. E. & Hamilton Rd. ................................................... sifton.com
22.
London ...........................................Victoria On The River.............................................. Sheffield Blvd. & Commissioners Rd. E. ................................................. sifton.com
23.
London ...........................................Caverhill ..................................................................... Clarke Rd. & Kilallay Rd. ............................................................................. sifton.com
24.
London ...........................................Hudson Park.............................................................. Colonel Talbot Rd. & Pack Rd. .................................................................. sifton.com
25.
London ...........................................Liberty Crossing ....................................................... Wonderland Rd. S. & Hamlyn St............................................................... sifton.com
26.
London ...........................................Middleton................................................................... Wharncliffe Rd. & Exeter Rd. ..................................................................... sifton.com
27.
Milton .............................................West Country Milton ............................................... Regional Rd. 25 & Brittania Rd. ................................................... countryhomes.ca
28.
Milton .............................................Milton Village ............................................................ Tremaine Rd. & Britannia Rd. ..............................................................greatgulf.com
29.
Milton .............................................Soleil............................................................................ Louis St. Laurent Ave. & Bronte St. S. ...................................mattamyhomes.com
30.
Mississauga ...................................5150 Ninth Line ........................................................ 5150 Ninth Line .........................................................................mattamyhomes.com
31.
Mississauga ..................................National Homes Mississauga ................................ 1240 Britannia Rd. W. ................................................................ nationalhomes.com
32.
Mississauga ..................................Streetsville Centre ................................................... Mill St. & Queen St. S................................................................... dunparhomes.com
33.
Niagara Region ............................Millennium................................................................. Portage Rd., Niagara Falls ..........................................................mountainview.com
34.
Niagara Region ............................Lusso Urban Towns ................................................. Martindale Rd. & Grapeview Dr. ........................................... lucchettahomes.com
35.
Niagara Region ............................Lyon’s Creek .............................................................. 4382 Mann St ................................................................................mountainview.com
36.
Niagara Region ............................Portview Estates ....................................................... Simcoe St. & Canal St..............................................................silvergatehomes.com
37.
Niagara Region ............................Vista Ridge & Vibrant at Vista Ridge .................... 4008 Mountain St. ..........................................................................losanihomes.com
38.
Niagara Region ............................Davis Heights ............................................................ 1535 Haist St, Pelham. ............................................................ lucchettahomes.com
39.
Niagara Region ............................Grimsby Waterfront ................................................. 398 N Service Rd. ...........................................................................losanihomes.com
40.
Niagara Region ............................Saffron Estates .......................................................... Port Robinson Rd. & Rice Rd., Fonthill ...................................mountainview.com
41.
Niagara Region ............................Lincoln Estates.......................................................... Lincoln Ave. & King St. ...................................................................losanihomes.com
42.
Niagara Region ............................The Residences at Hunters Pointe ...................... 71 Kyntre Trail............................................................................ lucchettahomes.com
43.
Niagara Region ............................Edgewater Trails ....................................................... Daimler Pkwy & Magnolia Ln, Welland. .............................. ballantryhomes.com
44.
Niagara Region ............................One Twenty Condos ............................................... Canboro Rd. & Rice Rd., Fonthill .............................................mountainview.com
60 HOMES Magazine | Oct. 9–Nov. 6, 2021
+
MAPS
BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA
MAP LOCATION
SITE
Locate properties using the map on the following page
ADDRESS
CONTACT
45.
Niagara Region ............................Village on the Twelve ............................................. 21 Willow Bank Common St. ................................................silvergatehomes.com
46.
Niagara Region ............................River Estates .............................................................. Lametti Dr., Pelham.....................................................................mountainview.com
47.
Niagara Region ............................Timberwood Estates ............................................... Merritt Rd. & Grisdale Rd., Thorold .........................................mountainview.com
48.
Niagara Region ............................Ryan’s Grove ............................................................. 13 Tanner Dr. ............................................................................. lucchettahomes.com
49.
Niagara Region ............................Legends On The Green .......................................... Niagara Pkwy & Legends Way ............................................... silvegatehomes.com
50.
Niagara Region ............................Great Blue Resorts ................................................... 612A Welland Ave., St. Catharines .......................................greatblueresorts.com
51.
Niagara Region ............................West Community ..................................................... 44 Elderberry Rd., Thorold........................................................mountainview.com
52.
Oakville ..........................................Oakville Ravine Townhomes ................................ Sixth Line & Germorda Dr.......................................................... dunparhomes.com
53.
Oakville ..........................................Bronte Meadows ...................................................... Bridge Rd & Warminster Dr. .............................................................flatogroup.com
54.
Oakville ..........................................Randall Residences ................................................. Trafalgar Rd. & Randall St..................................................... rosehavenhomes.com
55.
Oakville ..........................................Glen Ashton Estates in Joshua Creek................. Dundas St. & Trafalgar Rd. ..................................................................... menkes.com
56.
Oakville ..........................................Trafalgar Ridge.......................................................... River Oaks Blvd. & Namron Gate ............................................. dunparhomes.com
57.
Oakville ..........................................White Oaks Ravine................................................... 1429 Dundas St. ........................................................................... dunparhomes.com
58.
Oakville ..........................................The Preserve & East Preserve .............................. Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com
59.
Oakville ..........................................The Preserve Woodland Estates .......................... Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com
60.
Oakville ..........................................5North The Preserve,.............................................. Dundas St. W. & Proudfoot Trail ............................................mattamyhomes.com
61.
Oakville ..........................................The Villages of Oak Park ........................................ Trafalgar Rd. & Dundas st. E. ................................................. ballantryhomes.com
62.
Oakville ..........................................West & Post................................................................ 2714 Westoak Trails Blvd. ..................................................branthavenoakville.com
63.
Oakville ..........................................Upper Joshua Creek ............................................... 9th Line & Dundas St. ..............................................................mattamyhomes.com
64.
Oakville ..........................................La Réserve.................................................................. 153 Reynolds St. ..................................................................... rosehavenhomes.com
65.
Welland ..........................................Sparrow Meadows ................................................... 335 Hillsdale Rd.. ................................................................... rosehavenhomes.com
66.
West Region ..................................The McKenzie Towns .............................................. 1535 McKenzie Rd. ......................................................................mountainview.com
67.
West Region ..................................Sifton Homes ............................................................ Hyde Park Rd. & Ilderton Rd. .................................................................... sifton.com
68.
West Region ..................................Boulder Creek ........................................................... Cleaver Rd. & King Edward St. .................................................................. sifton.com
69.
West Region ..................................St. George Village .................................................... Concession 2 & Woodhill Rd. ......................................................losanihomes.com
70.
West Region ..................................HarrisView.................................................................. 34 Hollingshead Rd..................................................................................... sifton.com
71.
West Region ..................................Brant West .................................................................. 562 Shellard Ln ....................................................................................brantwest.com
72.
West Region ..................................Magnolia Trails .......................................................... Modeland Rd. & Michigan Lane ............................................................... sifton.com
73.
West Region ..................................Rosewood.................................................................. Nissouri Rd. & Thorndale Rd..................................................................... sifton.com
74.
West Region ..................................Soleil St. Clair ............................................................ Corunna ......................................................................................................... sifton.com
75.
West Region ..................................Seasons & Watercolours at Simply Grand ......... 1039 Rest Acres Rd. ........................................................................losanihomes.com
76.
West Region ..................................Knightsbridge ........................................................... Graff Ave. & Mornington St. ...................................................................... sifton.com
77.
West Region ..................................Hazelwood on the Grand ...................................... Hardy Rd......................................................................................................... sifton.com
78.
West Region ..................................Cottonwood.............................................................. Dingle St. ........................................................................................................ sifton.com
79.
West Region ..................................Hawthorne Park ....................................................... Oakwood Dr. & Byron Ave. ....................................................................... sifton.com
80.
West Region ..................................Reflections Caledonia ............................................ 1437 McKenzie Rd .................................................................... ballantryhomes.com
81.
West Region ..................................Lakeside Landing Wellington................................ 411 Main St., Wellington.......................................................... royalcliffhomes.com nexthome.ca 61
HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA
KITCHENER–WATERLOO
Guelph 17
14
Waterloo 12 Kitc
16 15
hener
Milton
13 18
32 34
76
33 19
Cambridge 1 5
68
3 70 67
4
75 77
Brantford
Hamilton
71 9 10
LONDON
8
73
23 69 20
11
66 85
London 22 21
80
26 72
25 24
74
78
62 HOMES Magazine | Oct. 9–Nov. 6, 2021
81 31
Mississauga
32
30
55 66
63 57 65 56
52
64 Oakville 54
58 64
53
MAPS Burlington
6 7
39 46
41 37
50
45 34
St Catharines
51 33
Niagara Falls 79 44 40
38 48
65
47 42 43
36 35
49
Welland
CARTOGRAPHY: MARKETMAPS.COM
2
Match the map numbers with property listings on the previous Hot Properties page
nexthome.ca 63
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Mountainview Building Group ............................................... 1 9 National Homes ............................................................... 4, 5, 34 NKBA ............................................................................................ 5 3 North Star Homes .....................................................................3 4 Paradise Developments .......................................................... 3 5 Regal Crest Homes................................................................... 3 5 Rosehaven Homes.................................................................... 3 5
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Royal Pine Homes.....................................................................3 4 Royalcliff ....................................................................................... 3 SanDiego Homes ......................................................................3 4 Sifton ............................................................................................3 4 Silvergate Homes ...................................................................... 3 5 Stanley ......................................................................................... 5 3 Stateview Homes ................................................................ 17, 35 Tribute Communities ............................................................... 3 5
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64 HOMES Magazine | Oct. 9–Nov. 6, 2021
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ADVICE | INDUSTRY REPORT
ONE HUNDRED YEARS OF
BILD DAVE WILKES
Our association came into being on April 5, 1921, when five builders from Toronto gathered at 26 Adelaide St. W. Their objective that day was to create an industry association for Toronto’s homebuilders. The new organization was aptly named the Toronto Home Builders’ Association and the first president was Howard Addison Johnston. Our association has been there over the years – through the Great Depression, the Second World War, the post-war period of rapid expansion, and later the founding of what was to become the Canadian Home Builders’ Association and the Ontario Home Builders’ Association. With the creation and expansion of the Municipality of Metropolitan Toronto, we became the Metropolitan Toronto Home Builders’ Association. We were there through the rise of the condominium after the introduction of the first Condominium Act in 1968, and the passing of the Ontario Building Code in the 1970s. We represented the industry through the turbulent 1980s, which came in with a 22.5-per-cent interest rate, and went out with a downturn in housing that would last until the mid-1990s. With the creation of the Greater Toronto Area, we evolved again to become the Greater Toronto Home Builders’ Association. Then on to the Growth Plan, the merger with the Urban Development Institute to create BILD, and the last decade and a half of unprecedented growth.
66 HOMES Magazine | Oct. 9–Nov. 6, 2021
As we close out our first 100 years and as we (hopefully) approach the aftermath of the most serious global pandemic in 100 years, it is clear that our region is facing some very difficult decisions on the future. Looking forward to the next 100 years, BILD’s role is more vital than ever. Layers of policy, regulation and red tape are hampering the industry’s ability to meet the GTA’s demand for housing, distorting the market and ultimately threatening the competitiveness of the region and our collective quality of life. For the last 100 years, the cities and towns of the GTA have been a beacon, welcoming new Canadians from all over the world. This, combined with natural population growth and the massive rural-tourban migration of the last century, consistently made the GTA one of the fastest-growing urban areas in North America. From 1920 to 1950 the population doubled, then doubled again by the start of the 1990s and then again to today. Residential, commercial and institutional development has provided housing, employment spaces, schools, hospitals and all the recreational amenities we enjoy today, for nearly seven million people. The GTA generates 20 per cent of Canada’s GDP and 50 per cent of Ontario’s GDP. Our quality of life and economic strength are rooted in our ability to attract and retain highly educated and skilled workers and provide them with desirable places to live, work and play. Unfortunately, in the last 20 years, building more homes and workspaces has been more restricted, costly and time consuming than ever. The
PHOTO: SHUTTERSTOCK
AND HERE’S TO ONE HUNDRED YEARS MORE
In the 2000s, the Growth Plan directed where growth should occur – preferably around existing infrastructure and transit.
current provincial government has brought in welcome changes with its Housing Supply Action Plan, but it is up to the municipalities to do the work of updating their policies to meet the new requirements. With more than four million more new residents expected by 2051, now is the time to ask ourselves what type of future we want and have an honest, open and factual dialogue about the challenges and realities of accommodating population growth.
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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