GTA New Home + Condo Guide - Aug. 3, 2019

Greater Toronto Area Aug. 3–31, 2019

The first and only complete guide to pre-construction homes and condos

®

Exclusive Condominium Residences and Garden Townhomes

INSIDE:

SPECIAL SECTION: #TRANSITCITY

KEY DATA FOR CONDO INVESTORS

Renderings are Artist’s Concept. E&O.E.

Connected living, steps from Vaughan Metropolitan Centre Subway Station

Be moved.

Introducing Mobilio, a new neighbourhood in Vaughan Metropolitan Centre offering condominium and townhome residences. With easy access to major highways and walking distance to the subway, Mobilio is convenience and community redefined.

Inspired by Italian design, today’s urban professionals and families will enjoy living steps from transit options, exciting shops and restaurants, a busy commercial district, and beautiful parks. Live, work and play in the heart of a growing, master-planned community by acclaimed developer, Menkes.

AS THE PREMIER BUILDER OF MIXED-USE COMMUNITIES IN THE GREATER TORONTO AREA, MENKES DELIVERS OUTSTANDING QUALITY AND LASTING VALUE.

COMING SOON TO VAUGHAN METROPOLITAN CENTRE

CONDOMINIUMS & TOWNS | REGISTER AT MENKES.COM/MOBILIO

COMING THIS FALL TO BRANTFORD

TOWNS & SINGLES

400’s

$

from the

MINUTES WEST OF HAMILTON • REGISTER NOW

BEAMSVILLE | BRANTFORD | CALEDONIA | HAMILTON | PARIS

LosaniHomes.com Prices and specifications subject to change without notice. E.&O.E.

N PE O W O N

Brilliantly Bloor Steps away from Jane Station, the Bijou dazzles brilliantly above the charming shops of Bloor West Village, perfectly embodying the intersection of sleek design and old world opulence.

With large suites, stunning interiors, private terraces, and an array of exceptional amenities to elevate your day-to-day, at the Bijou, there truly is no place like home.

Presentation centre now open at 2450 Bloor Street West.

PUREPLAZA.COM Rendering is an artist’s impression. Certain design elements are subject to change without notice. All rights reserved. E.&O.E. February 2019.

Embrace Luxurious Living at Edenbridge.

Set above an endless greenbelt of natural forest along the scenic Humber River valley, Edenbridge offers the opportunity to live in one of Toronto’s most beloved neighbourhoods – The Kingsway. Edenbridge rises nine storeys, a striking edifice with large windows looking out on the surrounding greenscapes and winding streets lined with mature oak and pine trees.

EXCLUSIVE CONDOMINIUM RESIDENCES AND GARDEN TOWNHOMES FROM THE $900’s TO $3 MILLION*

2019 HOME BUILDER OF THE YEAR | 2019 GREEN BUILDER OF THE YEAR 2019 BEST CUSTOMER CARE | 2019 STEPHEN DUPUIS CORPORATE SOCIAL RESPONSIBILITY AWARD Awarded by the Building Industry and Land Development Association. ©Tridel 2019. ®Tridel,“D”design, Tridel Built for Life, Tridel Built for Life Design, and Built Green Built for Life are registered Trademarks of Tridel Corporation. Project names and logos are Trademarks of their respective owners. All rights reserved.

Building and view not to scale. Illustrations are artist’s concept only. *Prices and specifications subject to change without notice. E.&O.E. July 2019.

REGISTER AT TRIDEL .COM TO SCHEDULE A PRIVATE APPOINTMENT

CONTRIBUTORS

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

chief revenue officer

Jacky Hill jacky.hill@nexthome.ca eDiTor-in-chief

Susan Legge susan.legge@nexthome.ca ArT DirecTor

stat chat | ben Myers Ben Myers is president of Bullpen Research & Consulting, a boutique real estate firm that advises land owners, developers and lenders on housing market conditions that can impact their development projects. Follow Bullpen on Twitter at @BullpenConsult or visit bullpenconsulting.ca

condo pro | barbara laWlor Barbara Lawlor is president and CEO of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in Canada and overseas. baker-re.com

Tammy Leung conTribuTing eDiTors

Sara Duck Marlene Eisner Amanda Pereira senior meDiA consulTAnTs

Jessica Wilson 416.873.1049 jessica.wilson@nexthome.ca Natalie Chin 416.881.4288 natalie.chin@nexthome.ca sAles & mArkeTing co-orDinATors

Gary Chilvers Sarah Khan distribution

distributionteam@nexthome.ca AccounTing inquiries

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.

accountingteam@nexthome.ca DirecTor of PrinT meDiA

Lauren Reid–Sachs grAPhic Designer & AssisTAnT mAnAger

Alicesa Pullan grAPhic Designers

outdoors | carson arthur Carson Arthur is an outdoor design and lifestyle expert and TV personality. carsonarthur.com

Sandra Hanak–Vujnovic, Johannah Lorenzo, Mike Terentiev, Kathleen Walker, Alice Wu, Hannah Yarkony Published by

nexthome.ca Advertising call 1.866.532.2588 for rates and information. fax: 1.888.861.5038

guest coluMnist | cynthia del peschio Cynthia Del Peschio is the Manager of Sales and Marketing at Dunpar Homes where she oversees all of its residential and commercial developments. Visit Dunpar Homes at DunparHomes.com

inspiration | sara bederMan Sara Bederman is the principal designer of Sara Bederman Design. The firm provides residential design services for projects of all sizes throughout Toronto, the GTA and beyond. sarabederman.com

tarion report | hoWard bogach Howard Bogach is president and CEO of Tarion Warranty Corp.

For more information about how Tarion helps new-home buyers, visit tarion.com

Circulation highly targeted, free distribution system aimed at real estate buyers using street level boxes and racking. call 1.866.532.2588 to discuss distribution opportunities.

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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.

8 New Home + Condo Guide | Aug. 3–31, 2019

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Editor’s notE

A little less stress...

SuSAn legge Editor-in-chiEf new Home + Condo Guide Email: susan.legge@nexthome.ca twittEr: @Susanlegge

In mid-July, the Bank of Canada announced a decrease in its fiveyear benchmark mortgage rate, lowering it from 5.34 per cent to 5.19 per cent — that’s good news for homebuyers. Why? That lower rate is used to qualify for a mortgage if you have less than 20 per cent for a down payment.

“The change in the Bank of Canada five-year benchmark rate now means that Canadians can qualify for more home today compared to earlier this year and 2018,” said James Laird, cofounder of Ratehub Inc. and president of CanWise Financial in a press release. “This decrease alleviates some of the pressure on firsttime homebuyers, who are the most financially strained Canadians entering the housing market.”

A sample calculation supplied by Ratehub.ca shows that under the previous benchmark rate of 5.34 per cent, buyers would have qualified for a home valued at $589,000. Now, under the new qualifying rate of 5.19 per cent, a qualified buyer can afford a home valued at $597,000 — a difference of $8,000.

“Five-year fixed rates are also currently at historic lows, according to data from Ratehub.ca, so now is a good time for Canadians to qualify and secure a mortgage rate,” said Laird.

Looking for more on mortgage rates? Check out Barbara Lawlor’s column on page 40. Lawlor looks back at historical mortgage rates and reviews the particulars of understanding how your mortgage rate can make a big difference in what you actually pay over the amortization period.

Want more news in your inbox? Sign up for our newsletter to receive the latest highlights by visiting nexthome.ca/subscription.

Thanks for reading, and happy new-home hunting.

Stone FACeD 44 Raised PlANters 50

+ get social

interact with us on social media: nexthome

10 New Home + Condo Guide | Aug. 3–31, 2019

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aug. 3–31, 2019 | volume 28, issue 15

Contents Cover Story

24 tridel & First Capital Realty an elegant new condominium residence with a distinct new address at edenbridge on the kingsway

12 New Home + Condo Guide | Aug. 3–31, 2019

insPiRation

44 Design Stone veneers offer cool looks this summer By saRa BeDeRmaN

50 outdoors

34 28

Raised vegetable planters are this year’s hottest trend

By CaRsoN aRtHuR

æ Beyond the City tRending

38 the villages Killarney Beach Two new model homes are now open in Innisfil

54 Purchaser Profile Global travellers to settle in Gananoque’s Stone & South community near Kingston

insPiRation

50 outdoors

æ Condo City PRoPeRty PRoFile

17

adviCe

14

Kingdom Developments lJm Developments

By Dave WilKes

20 legally speaking

LJM Tower launching this fall in Hamilton

32

National Homes The Forest Phase 2 is a spectacular sequel in Bradford

27

adi Developments

Details on a new strategic partnership and the upcoming launch of Thirty Six Zorra in Toronto’s Queensway district

8

Contributors

55 Hot Properties gta

By JaysoN sCHWaRz aND JaCqueliNe moNeta

62 glossary

Key data for condo investors

By BeN myeRs

40 Condo Pro An interesting look at mortgage interest rates

63 advertiser index 66 What’s online

17

48 guest Columnist How to make the preconstruction home-buying process as painless and possible

Adi brothers named to Canada’s ‘Top 40 under 40’ list

36 altree Developments & ellisDon Capital

in eveRy issue

59 Hot Properties sWo

By BaRBaRa laWloR

tRending

By CaRsoN aRtHuR

Taking possession of your condominium

30 stat Chat

34 united lands Live large in one of Mississauga’s best value condominiums

BilD Report Unpacking Bill 108, the More Homes, More choice Act

Bold. Breathtaking. Visionary.

28

The raised vegetable planter is this year’s hottest yard feature

By CyNtHia Del PesCHio

52

tarion Report Wood-frame buildings are coming into vogue

By HoWaRD BogaCH

nexthome.ca 13

ADVICE | bIlD rEport

Bill 108 More HoMes, More ChoiCe ACt— WhAt it MeAns for Housing AffordABility

DAve Wilkes Bill 108, the More Homes, More Choice Act, received Royal Assent on June 6. The policy changes are intended to improve housing affordability in the Greater Toronto Area (GTA) by ensuring cost certainty for development projects, reducing red tape and shortening the time frame for land use approvals. This will enable the delivery, more quickly, of more 14 New Home + Condo Guide | Aug. 3–31, 2019

quality places to live and work.

Let’s take a look at the changes to the Development Charges Act (DCA), which enables municipalities to impose charges on development to pay for municipal services such as roads, water and public works. Bill 108 proposes to narrow the range of services for which development charges can be imposed in order to align with the new Community Benefits Authority (CBA), which will fund soft services like daycare centres and libraries. Development charges would then be imposed for certain hard services, like

water, roads and transit. Changes to the DCA will also increase predictability for the industry and for consumers by allowing for development charges to be locked in earlier in the development process.

The government’s key objective in introducing changes to the DCA is to make housing more affordable and provide more certainty about some of the costs associated with building housing in the GTA. Development charges account for approximately 10 per cent of the cost of a new home …continued on page 16

…continued from page 14

across the GTA and have been rising quickly. These changes make upfront development costs more predictable and transparent, benefiting the new home buyers who ultimately pay for these costs in the price of a new home.

Rental housing is not left out. In order to support a range and mix of housing, including new rental buildings, changes allow for the deferral of development charges for rental housing and not-forprofit housing until occupancy, with payment occurring over five years, and freeze development charge rates at an earlier point in time. This provides an incentive, and reduces barriers, to build rental and not-for-profit housing by allowing for an amortization of some of the upfront costs over a period of time.

An overall focus on speeding development and reducing duplication is woven throughout Bill 108 and gives communities and the development industry more confidence on what they can build and where they can build it. It 16 New Home + Condo Guide | Aug. 3–31, 2019

can take years before shovels can break ground on a new housing project. Some government policies and processes are duplicated and can create delays for no reason, which drives up costs for new home buyers. Complex administrative red tape can slow down developments as a project can face dozens of municipal, regional and provincial studies, reports, checklists, plans and standards required as conditions of approvals, many duplicate. This is in part why it takes 11 years to complete a low-rise project and 10 years to complete a high-rise project in the GTA. Lastly, the changes provide more clarity when it comes to being able to build denser communities near transit nodes, in areas where it makes sense due to investments in infrastructure that have been made to support growth. It will now be easier and faster to build more housing, including affordable housing, near transit.

Municipalities will get help to implement community planning permit systems near major station

areas and provincially significant employment zones, which will streamline planning approvals to 45 days. Transit supportive housing just makes good planning sense.

As the government moves toward developing regulations to support Bill 108, there will undoubtedly be lots of discussions. It would serve us well to remember that the changes are about encouraging more housing that the region desperately needs, in the right mix, quicker, near transit and at a price the average resident can afford. It’s hard to argue with that.

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, @bildgta, or visit www.bildgta.ca.

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Your guide to new transit-friendly communities

INSIDE: TraNSIT trends

and INSIghTS

Our TOp ranked TraNSIT-frIENDly communities

Hey you, Give us a call and we’ll show you around! xo kingxdufferin Call us at 416.901.9699 to get the latest updates!

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With a Walk Score of 96 and a Transit Score of 100, you’ll love living at kingxdufferin where you are at the centre of it all and transit is at your doorstep!

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*Prices & Specifications subject to change without notice.

E.&OE. Illustration is artist’s concepts. Brokers protected.

Exclusive broker listing: Baker Real Estate Incorporated.

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Jacky Hill jacky.hill@nexthome.ca eDiTor-in-chief

Susan Legge susan.legge@nexthome.ca ArT DirecTor

Tammy Leung conTribuTing eDiTors

Sara Duck Marlene Eisner Amanda Pereira senior meDiA consulTAnTs

susan Legge

Jessica Wilson 416.873.1049 jessica.wilson@nexthome.ca

EDITOR-IN-CHIEf new home + condo guide

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What is #TransitCity? It’s not just the name of our latest publication, it’s a hashtag we created to reflect a movement.

Transit is a trending topic that’s bursting at the seams in that it’s political and polarizing, and it’s about time.

It’s no secret that a better, more integrated transit system is key to the creation of more affordable and innovative housing options.

For years now, the GTA building industry has advocated to every level of government that it is ready and willing to develop housing in locations that make sense for commuters in an effort to keep up with demand. It’s now a Greater Golden Horseshoe conversation in municipalities across the region.

We all benefit from ditching the car, and the environment does, too. Other cities around the world have done it, now it’s our turn. We hope you enjoy this special supplement, and please let us know what you think of #TransitCity.

æ #TransitCity Features

4

It’s time to get GO-ing

Published by

Connecting the exurbs and suburbs to urban cores

nexthome.ca

bY JOHN CHICK

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#TransitCity Map Find new commuter-friendly developments across the Greater Golden Horseshoe

6

T.O.’s transportation transformation

ad index

2

A look at options and plans to ease transit around the GTA

14 PMA Pointers Transit opens the GGH to new-home buyers

bY CHRIS MARKOVICH

Lifetime Developments and Pinedale Properties XO Condos, Toronto

5

Tribute Communities Linx, Toronto

7

LJM Developments LJM Tower, Hamilton

11 Heathwood Homes Eleven Altamont, Toronto

13 United Lands S2 at Stonebrook, Mississauga

15 Losani Homes Waterworx, Hamilton

16 Kingdom Developments KSquare, Toronto nexthome.ca 3

#TransitCity

GO TransiT It’s time to get GO-ing

by John ChiCk

If you travel to world-class

cities such as New York, Tokyo or London, something you’ll see beyond a vast network of subways is also an extensive commuter rail system. Connecting suburbs and exurbs to the urban core – and existing municipal rapid transit lines – is a no-brainer, and is something Metrolinx and GO Transit have been in the process of upgrading for some time.

With residential density set to continue increasing along major transit corridors, let’s take a look at a couple of future GO expansion proposals around the Greater Golden Horseshoe that could remake neighbourhoods and/or spur growth:

Proposed Caledonia GO station - interchange with Line 5 (Eglinton) There are currently seven TTC stations that provide direct transfer to GO train service. Once the Line 5 Caledonia TTC station opens in 2021, plans could make it another direct transfer, with construction of an intersecting GO train station on the Barrie line.

The benefit to this is substantial.

Suppose one lives in Aurora, but works at Yonge and Eglinton.

Instead of taking the train all the way to Union Station and then the subway north, the person will transfer at Caledonia and head eastward on the subterranean LRT. But the transit hub could also create a new “Junction” of sorts.

4 #TransitCity | Summer 2019

There is already apartment and condominium development alongside traditional housing in the area, but expect that to increase.

“The Transit-Oriented Development Program will leverage valuable real estate assets to attract third party investment to build transit infrastructure, such as stations,” says Amanda Ferguson, Metrolinx Senior Advisor of Media Relations Issues, Communications & Public Affairs. “In exchange for the opportunity to develop in and around Metrolinx properties, Metrolinx will look to offset capital and gain long- or short-term revenue.”

At the present time, the GO corridor is still one track, and twinning is required. But while the area west of Caledonia and Eglinton is a major construction zone next to a vast plaza parking lot now, it could look much different in 20 years.

Pearson Airport Transit Hub Nicknamed “Union Station West”, the idea for a major rail hub next

to Pearson Airport is to relieve pressure on the downtown hub where it’s needed. Metrolinx research indicates there are almost 450,000 people travelling from the western GTA each day to the east. Many travel downtown, but more than double the number of commuters travel across the “northern and midtown arcs” of the region. The airport, as its own national and international hub, makes perfect sense as a location.

“We are beginning our work with the (Greater Toronto Airports Authority) to look at potential rail connections to Pearson International Airport from the Kitchener corridor, as well as improving ground transportation to and from the airport and the airport employment area,” Ferguson says.

That’s another important tie-in: The Kitchener line is in the process of moving to increased all-day service, and will connect with Line 5 Eglinton once that LRT line is ready in 2021. In that case, another commuter rail corridor will have seamless integration with the TTC.

#TransitCity

T.O.’s TranspOrTaTiOn TransformaTion Toronto grew by more than 77,435 people between July 2017 and July 2018, according to a new study by Ryerson University’s Centre for Urban Research and Land Development.

The city now boasts North America’s fastest-growing population, and the Greater Toronto Area as a whole has the second-fastest growing population in a metropolitan area in North America. Most Torontonians will happily tout their city’s benefits, but most would agree that they’re feeling some growing pains.

Housing demand here is high, leaving the wallet light relative to the suburbs. But life in this world-class city is arguably worth the cost. Toronto is a hot spot for a number of reasons — employment, economy, lifestyle and the cache of a coveted 416 address. Commute times are conspicuously absent from the list.

Toronto was actually named worst commuter city in North America. To ease the headaches of infrastructure that no longer meets users’ needs, the province of Ontario unveiled a new transit plan last spring, with four key priorities.

1. The OnTariO Line: Doubling down on the original proposed Downtown Relief Line, the Ontario Line will run from Ontario Place to the end of the line at Don Mills and Eglinton, with about 15 stations in between, including at Queen/Spadina and King/Bathurst, Pape, Thorncliffe Park and Flemingdon Park, before reaching the end of the line - all on a single TTC fare. The estimated cost of the 16-kilometre line is $10.9 billion, with completion slated for 2027.

2. The Line 2 easT exTensiOn: The three-stop, 6.2-kilometre, $5.5-billion extension of the Scarborough subway will extend from Kennedy Station to Scarborough Centre, via Eglinton Avenue, Danforth Road and McCowan Road. Construction is expected to start in 2020 and completed in 2026/2027.

3. The YOnge nOrTh subwaY exTensiOn: A 7.4-kilometre extension to push the Yonge line from Finch station in Toronto to Richmond Hill Centre, with five new stops. It will be built in conjunction with the Ontario Line, and the province will foot the $5.6-billion bill.

4. The egLinTOn CrOssTOwn wesT exTensiOn: Part of the SmartTrack Program, the $4.7-billion line would offer direct access to Pearson Airport by 2031. …continued on page 10

6 #TransitCity | Summer 2019

Simcoe

#TransitCity Map Transit-Friendly Developments

ELEVEN ALTAMONT 11 Altamont Rd., NorthYork Heathwood Homes

York

S2 AT STONEBROOK Southdown Rd & Lakeshore Rd W, MIssissauga United Lands

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DANFORTH GERRARD EAST HARBOUR

XO CONDOS King & Dufferin, Toronto Lifetime Developments and Pinedale Properties University & Dundas, Toronto Davpart

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GO TTC LRT Bus Rapid Transit UP Express New GO Stations Proposed GO Stations nexthome.ca  9

#TransitCity

…continued from page 6

The CiTY Of TOrOnTO has sOme addiTiOnaL TransiT priOriTies, inCLuding:

The smarTTraCk sTaTiOns prOgram: A heavy rail

infrastructure of six new stations on the Stouffville, Lakeshore East and Kitchener GO corridors, with rush-hour service every six to 10 minutes. The project will begin procurement and construction this year, with completion in 2025.

The bLOOr-YOnge CapaCiTY imprOvemenT prOjeCT:

Includes the construction of an additional platform at Yonge Station on Line 2, modifications to Line 1’s Bloor Station platform, improving passenger circulation, ventilation systems, and the construction of a new substation. a pLaCe TO grOw

It’s all good news for Toronto dwellers and visitors. It’s great news for property owners.

“There is no question that access to transit is one of the biggest considerations for everyone buying real estate nowadays, whether they are end-users or investors,” says Barbara Lawlor, CEO of Baker Real Estate in Toronto. From a real estate perspective, the new transit corridors represent a great deal of convenient and potentially lucrative home-buying opportunities.

Lawlor isn’t the only one who sees housing on the horizon.

Developers, too, have their eye on the transit lines, some of which are a decade away. Lifetime Developments has claimed its place along the new Ontario Line, with XO Condos coming soon close to the proposed new subway station at King and Bathurst. “We expect the announced subway extension 10 #TransitCity | Summer 2019

to increase housing demand in the many neighbourhoods benefitting from this expansion,” says Lifetime Developments’ Principal Brian Brown. As demand for an area grows, so too do prices. Brown points to the Sheppard East line and extension into Vaughan. “Housing demands and values both rose dramatically due to the convenience and the commuting options an adjacent subway stop immediately provides.”

Transit lines have long been a magnet for developers, because it’s what buyers want.

“The development industry has always had success with new communities on or near any transit system,” notes Samson Fung, VicePresident of Marketing at Tridel.

Fung points to Tridel’s upcoming Auberge community: “Beyond the amazing park across the street being a driver for homebuyers, the new Eglinton LRT is just as alluring.”

The transit plan is great news for existing property owners or those who are ready to buy now.

But those hoping to buy here later should prepare to pay substantially

more. Lawlor’s best buying advice: “Get in now, while the plan is still in the works. Once it’s under construction, real estate prices are bound to rise.”

Ultimately, steady price increases signal healthy housing demand, often supported by a strong local economy. The more desirables a community has - a park, a school or the subway - the greater value it holds. And in a city like Toronto, access to transit tops the must-have list - and developers know it.

To support developers in their mission to build homes and communities people want to live in, the province has made changes to its A Place to Grow: Growth Plan for the Greater Golden Horseshoe to encourage building close to transit. “The changes will also streamline planning for new development in major transit station areas,” Bob Nichols, Senior Media Liaison Officer at the Ontario Ministry of Transportation, tells New Home + Condo Guide.

Nichols points out changes to the Planning Act that, if proclaimed, “would facilitate the supply of …continued on page 12

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#TransitCity

transit-friendly

TRANSIT-FRIENDLY PROPERTIES

p r O p e r T i e s

kingdOm deveLOpmenTs KSquare Condos Kennedy+Sheppard, Toronto ksquarecondos.com Transit: Agincourt GO Station, Ellesmere LR. Future access to Line 2 east extension from Kennedy Station and a proposed SmartTrack station. #TransitCity Score: A+

heaThwOOd hOmes Eleven Altamont Townhomes Yonge+Finch, Toronto heathwood.com/altamont/ Transit: Walk to TTC Finch Subway on Line 1. Easy access to Line 4 (the Sheppard Line). A prime central location to future inter-regional transit around the GTA and GGH. #TransitCity Score: A+

LifeTime deveLOpmenTs & pinedaLe prOperTies XO Condos King+Dufferin, Toronto xocondos.com Transit: King and Dufferin streetcar access to Line 1 and 2; Exhibition GO Station. Five minutes from future SmartTrack and Ontario Line at King and Bathurst. #TransitCity Score: A+

…continued from page 10

affordable housing in areas that are generally subject to growth pressures, higher housing demand, and in proximity to higher order transit.”

“You can see what that means for new development,” says Bob Finnigan, partner at Herity Heathwood Homes, the developer behind the soon-to-be launched Eleven Altamont townhome development, at Yonge and Finch in North York. “Multiple highrises are going up around these TTC access hubs, allowing residents to access the TTC and utilize the high-speed transit to get to work or play. As the city grows, access to public transit will only become more important.”

While we can only guess how the new transit plan will impact property values, the lifestyle boost is as good as guaranteed. But if it’s ROI that you seek, keep your eyes on those “register now” new-home and condominium communities while you still can.

12 #TransitCity | Summer 2019

TribuTe COmmuniTies Linx Danforth+Main, Toronto linxcondo.com Transit: Steps to Main Station on Line 2 and 506 streetcar, GO Transit Danforth station. Future access to Line 2 east extension from Kennedy Station to Scarborough Centre. #TransitCity Score: A+

uniTed Lands S2 at Stonebrook Southdown+Lakeshore, Mississauga s2condos.ca Transit: Steps to Clarkson GO Station and nearby access to Oakville VIA Rail. MiWay Bus Rapid Transit connects inter-regionally and is part of a bigger BRT plan to connect municipalities #TransitCity Score: A+

#TransitCity

TransiT opens transit friendly the GGH

TRANSIT-FRIENDLY PROPERTIES

properties

Chris markoviCh

New-home buyers are discovering that their search area keeps getting bigger, and with the Greater Toronto Area (GTA) expanding into the Greater Golden Horseshoe (GGH), there are more choices than ever for buyers of all ages and stages. With massive investments in transit across the region, staying connected to urban centres for work and play is fast, convenient and comfortable, giving buyers options that are easier on the pocketbook while offering everything they are looking for in terms of lifestyle, investment potential and reduced expenses.

In areas such as Hamilton, Burlington, Oakville, Mississauga, Etobicoke and in Durham Region to the east of downtown Toronto, homebuyers are finding complete and affordable transit-connected communities featuring plenty of amenities — not surprisingly, these homes have good resale value due to their increasing popularity, too.

Metrolinx is committed to a more connected GGH and now operates services along the Hamilton to Toronto corridor to get people where they want to go in record time. In addition to the Hamilton GO Centre and West Harbour GO, the new Confederation GO Station in Stoney Creek will connect to Union Station and will have ample parking for commuters.

14 #TransitCity | Summer 2019

We’re noticing that more young families and couples are realizing the possibilities that the Hamilton Metropolitan Area has to offer.

Toronto downsizers are finding new excitement in Hamilton, including a revitalized waterfront, chic downtown, vibrant cultural scene and, of course, affordable newhome and condo communities.

Long seen as that hard-working city glimpsed from the Burlington Skyway on the way to Niagara, Hamilton has truly transformed into the new hot place to live and play. Low rents and home prices initially attracted the arts community to its urban core, followed by young people who were being priced out of the sizzling downtown Toronto real estate market. The rest, as they say, is history.

Hamilton real estate prices have increased substantially in the past five years and the trend is not expected to stop anytime soon.

Due to the combined result of continued outflows from Toronto and high immigration numbers, the Metropolitan Hamilton Area population of approximately 750,000 is forecast to increase by 46 per cent by 2041 — in my opinion, it’s a solid long-term real estate investment opportunity.

Find the home of your dreams in one of the GGH’s many transitconnected communities. You’ll never look back.

Chris Markovic is the Division President of PMA Urban. He has worked in real estate development in sales and marketing since 1993.

Visit pmabrethour.com for more information.

Losani Homes Waterworx, Urban Towns Woodward Avenue and Barton Street East, Hamilton LosaniHomes.com Transit: Existing nearby bus and GO routes and future access to new Centennial Pkwy GO Station and the Light Rail Transit project will provide connectivity to other lines. #TransitCity Score: A+

LJm DeveLopments LJM Tower 2782 Barton Street East, Hamilton LJMTower.ca Transit: Nearby access to Centennial Parkway GO station and the B-Line Light Rail Transit project through Downtown Hamilton providing connectivity to A-Line, L-Line, S-Line, and T-Line. #TransitCity Score: A+

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PROPERTY PROFILE

BOLD. BREATHTAKING. VISIONARY. Soon, a spectacular new residential address will rise in the heart of Kennedy Central. Two soaring towers overlooking a multistorey podium. Wavy bands of glass and steel creating a distinct architectural statement. At ground level, a lively urban streetscape animated by retail and public space. A prestigious new address connecting residents to the vibrant community around it. Welcome to K-Square Condos.

Living at Kennedy Rd. and Sheppard Ave. means not just enjoying the charming K-Square Condos community but also having the whole of Toronto at your service with easy access throughout the GTA. TRANSIT – CONNECTED AND CONVENIENT

Whether it’s by subway, GO transit, LRT or Viva, residents will discover that KSquare Condos is connected to the GTA via a dense network of transit routes. Your front door is no more than a five-minute walk from a transit stop, making this the ideal location for easy transportation to work, shopping, entertainment and amenities.

WALK

KSquare Condos has a Walk Score of 56, with plans for even more walkable amenities in the works.

The exciting revitalization plan for nearby Agincourt Mall includes shops and services, as well as a new pedestrian connection, and eventually a new road under the CP Railway that create even more direct connections between the Kennedy Central area and transit stops. …continued on page 18 nexthome.ca 17

FUTURE TRANSIT

The Government of Ontario is committed to build a subway extension to add three stops and a bus terminal. The 6.2km extension will eliminate the transfer at Kennedy and create a seamless journey throughout the subway system. As well, there are projected stations for SmartTrack and the Sheppard East LRT just outside your door at KSquare condos. Register today at KSquareCondos.com

…continued from page 17

GO TRANSIT

For those who commute, getting downtown is easy. You can take the GO Train from nearby Agincourt GO Station and arrive at Union Station in only 30 minutes. GO bus service whisks you around the GTA and connects you to York Region Viva from nearby Scarborough Town Centre.

TTC

When you live at Kennedy and the 401, choices abound to get around by TTC bus or subway, with multiple TTC routes by the door and a Transit Score of 70.

18 New Home + Condo Guide | Aug. 3–31, 2019

A short bus ride connects you to shopping at Scarborough Town Centre, the future Scarborough Centre transit hub. Midland Subway station is a bike ride away, whisking you downtown to elite brand name shopping in Yorkville or off to work in the downtown core.

CAR

Unprecedented access to Highway 401 just east of the DVP/ Highway 404 means that KSquare residents can hop on the highway and be downtown, at the Toronto Pearson International Airport, or heading north to cottage country in just minutes.

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TAKING POSSESSION OF YOUR CONDOMINIUM

BY JAcqUelINe MONeTA, J.D. AND JAYsON schwARz, ll.M.

Despite the excitement of getting handed the keys to your new condominium, many new purchasers of new development condominiums are surprised to find out that title to their property may not be transferred at the same time.

New construction condominiums in Ontario have two closings: The interim occupancy closing, and the final closing.

InTERIM OCCUpAnCy CLOSIng

When you buy a new development condominium, you may be required to take possession before construction is complete on some of the units or after completion 20 New Home + Condo Guide | Aug. 3–31, 2019

but before registration. This is called interim occupancy and it is governed by the Condominium Act (the “Act”).

As buildings are ready for occupancy, the builder will advise you of your interim occupancy date. Once the interim occupancy date arrives, you must take occupancy. However, it is important to understand that you don’t own the unit until final closing; you are in effect a tenant in your soon-to-be-owned unit.

Ownership can only be transferred if the condominium has been registered on title, which occurs once the majority

of units are occupied. Interim occupancy periods can be a few weeks or a month, or up to years. All is dependent on the completion of construction, and occupancy depends on how quickly construction is complete on all units.

InTERIM OCCUpAnCy FEES

During the interim occupancy period, you must pay your builder or seller an interim occupancy fee, whether you move into the unit or not.

The monthly interim occupancy fee is based on: The interest …continued on page 22

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E. +and O.E. Exclusive Broker MarketVision Real Estate Corp.

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…continued from page 20

(calculated on a monthly basis) on the unpaid balance of the purchase price at the prescribed interest rate (set out in the Act and Regulations thereto); estimated monthly municipal taxes for the unit; projected common expense fees for the unit.

DELAyED OCCUpAnCy

Construction can sometimes be unpredictable and this could result in delays in condominium development projects, and you may be unable to move into your unit as expected or close within the time frames set forth in the Agreement of Purchase and Sale (“APS”). Your APS must include a Tarion Addendum that sets out important dates for your agreement, including your occupancy date. These are set out 22 New Home + Condo Guide | Aug. 3–31, 2019

in the statement of critical dates.

You need to determine when you are buying whether you are buying with a Firm or a Tentative Closing Date. There are two addendums available from Tarion: READ THEM CAREFULLY, as they set forth exactly what can happen and what delays can accrue if any.

Delays can affect financing, accommodation notices, budget, etc. In this market, you need to be prepared to deal with the results if an extension occurs. If the builder complies with Tarion, you will have no remedy to compensate yourself for the inconvenience or the additional expense. The consequence of these delays can be quite upsetting. I recommend that everyone buying a new home prepare himself or herself when they make the original offer and continuously thereafter, for

extensive delays and that way, you face no surprises.

Remember, most builders want to give you what you contracted for and will work with you to achieve mutual satisfaction. In closing, please use your lawyer to the fullest extent, and remember, only your lawyer can give you legal advice.

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

+MORe aDVICE ONlINe nexthome.ca/news/advice

Cover Story

24 New Home + Condo Guide | Aug. 3–31, 2019

EdEnbridgE on tHe Kingsway Modern Heritage by tridel & First Capital realty is an elegant residenCe witH a distinCt address Edenbridge on The Kingsway is a Modern Heritage Community and a testament to the staying power of classic design. Nine storeys of luxury living and an architectural style reminiscent of the Arts & Craft movement, Edenbridge exudes understated elegance.

Well Suited SuiteS

Welcome home to an address on The Kingsway. Edenbridge is a one-of-akind opportunity to take luxury to the next level. The exclusive residences in the Edenbridge, Signature, Penthouse and Townhome Collections are a range of home-sized suites, available to suit your lifestyle.

All of the luxurious, elegantly-designed homes feature large windows, allowing glowing light to pour in, and well-appointed finishes with access to the stunning amenities.

An ArrAy of AmenitieS

The award-winning interior design firm II by IV brings Modern Heritage to life through meticulously appointed finishes that attest to the Art Deco, Arts & Craft movement prevalent during the twentieth century, coupled with contemporary undertones.

Whether you’re welcoming guests or arriving home, the striking grandness of the lobby transports you with a feeling of exclusivity. The ground floor amenities include a private dining room with party room and lounge, making entertaining large functions a breeze. Looking to continue with that active lifestyle? Enjoy the fitness centre and yoga studio. nexthome.ca  25

The lavish indoor stone cladded overflow pool and whirlpool can be enjoyed year-round. Each amenity space is enclosed by large expansive windows looking to the serene outdoor, English-inspired garden— a place to reminisce or read your favourite book.

Looking to entertain outdoors?

Enjoy the eighth floor BBQ, dining space and separate lounge areas privatized by green landscaping, detailed trellis work and stone finishes native to the Humbertown area. Whether night or day, this open-air amenity provides glorious views in every direction. tHe BeSt Kept Secret in toWn

It’s easy to see why The Kingsway is a best-kept-secret — it is seductively secluded in Toronto’s west end, amidst the leafy greenbelt surrounding the Humber River. The Kingsway is one of Toronto’s first master-planned communities developed by Robert Home Smith in the early twentieth century as an homage to all things English. Smith specifically referenced England’s Garden City principles and adhered to the notion that houses should be set

back from tree-lined streets and greenery reign supreme.

The Kingsway is never dull.

With over 250 delightful shops, more than 30 enchanting eateries, cafes and pubs, an historical century-old cinema, private golf and country clubs, and extensive walking and biking trails, everything you need for a rich, fulfilling lifestyle is right around the corner.

With the Humbertown Shopping Centre located directly across from Edenbridge, many conveniences are within walking distance. The Royal York Subway Station is a walk or short bus ride away, allowing you to get into

the heart of downtown Toronto with ease.

Edenbridge Collection starting from the $900’s* Signature Collection starting from $1.3M* Penthouse Collection starting from $2.25M* Townhome Collection starting from $1.5M* Register at tridel.com to book a private appointment. *Prices and specifications subject to change without notice. E&O.E.

+

locAtion Toronto developer Tridel and First Capital Realty development Edenbridge on the Kingsway Home type Highrise contAct tridel.com

26 New Home + Condo Guide | Aug. 3–31, 2019

Trending

BROTHERS TARIQ AND SAUD ADI NAMED TO CANADA’S TOP 40 UNDER 40

Tariq Adi, CEO

ADI Development Group’s Chief Executive Officer Tariq Adi and Chief Operating Officer Saud Adi have been selected in this year’s Canada’s Top 40 Under 40 award for young business leaders.

Tariq Adi oversees the company’s strategic activities from negotiating complex land acquisitions and assemblies to planning approvals, sales and marketing, debt syndication, private equity placement and project close out. The company has grown from a $10 million joint venture to currently over $2.1 billion in development in under seven years.

His daily management activities involve business development, lender and investor liaison and corporate strategy.

“This recognition is significant, and we share this with our incredible team and are thankful

Saud Adi, COO

for their support. Our mission to deliver world class service and the highest quality communities to our customers fuels our passion,” said Tariq Adi. As COO, Saud Adi is actively involved in key operations with specialized focus in construction, engineering and operational strategy including establishing an in-house construction team and shortening construction cycles.

He oversees the construction process including building science and design, value engineering, bid procurement, construction logistics, site engineering, and general construction management.

“In an industry with high-barriers to entry we have succeeded by focusing on our customers and constantly challenging ourselves to deliver better products for them,” said Saud Adi.

Annually, Canada’s Top 40 Under 40 recognizes the exceptional achievements of outstanding young Canadians.

The listing was founded in 1995

by Caldwell, which is joined by presenting partner MNP, with media partners including National Post and BNN Bloomberg.

Numerous other sponsors support the program to celebrate entrepreneurship and be a catalyst for Canada’s future leaders.

Established in 2007 by brothers Tariq Adi and Saud Adi, Adi Developments has become one of the most successful and wellrespected real estate developers in Ontario. Visit the website for more details including where Adi Developments is currently building and developing its newest properties — adidevelopments.com nexthome.ca 27

PROPERTY PROFILE

Hamilton’s newest luxury Condo lJm tower Launching This FaLL From tHe $200’s Coming soon to Hamilton, LJM Developments’ latest luxury condo community is the ultimate urban oasis. LJM Tower epitomizes that rare combination eagerly sought by homebuyers: location, luxury and value.

A COmmuTER’s PARAdIsE

Residents will delight in a convenient location in the heart of an urban transit village with plentiful surrounding green space. For commuters, it’s an ideal location to easily access the 28 New Home + Condo Guide | Aug. 3–31, 2019

QEW or GO Transit with the new Centennial Parkway GO Train Station under construction. Less time commuting means more time enjoying your beautiful new home!

Live in the midst of the best shopping destinations, dining, schools, trails, parkland and much more! Hamilton is known for its distinctive urban feel, vibrant arts & culture scene and superb amenities. Today, the city is wellestablished as a trendy locale to work, live and play.

Nestled between the western shores of Lake Ontario and the picturesque Niagara Escarpment, Hamilton offers an array of conservation lands, recreational trails and amazing waterfalls. The area is a natural playground for the outdoor enthusiast. mOdERn dEsIgn And sPACIOus suITEs

LJM Tower will rise 13 storeys and will include 246 exclusive suites.

LJM Tower offers everything you can ask for in a contemporary

smART HOmE TECHnOLOgY

carefree condo lifestyle, with impeccable style, meticulous attention to detail and a wide selection of suites. 1-3 bedrooms designs range from 500 to 1,300 sq. ft., and will be priced from the $200,000’s. With such variety, young professionals, growing families and investors alike can benefit from the built-in value of this one-of-a-kind project.

The luxury boutique condo will be the first of its kind in the Hamilton area with its cuttingedge architectural design and modern finishes. Building amenities include an outdoor amenity space with a BBQ area, fitness centre, and a fabulous party room, making this condominium a true gem. There’s even and an onsite EV charging facility.

Each LJM Tower suite comes equipped with the latest Smart Home Technology, allowing you to access your home’s tech features directly from your smartphone or in-suite wall pad. Easily set the alarm, adjust the temperature and monitor and grant entry to your visitors with live, one-way video from the lobby or parking lot garage. Plus, thanks to Smart Suite door locks, you’ll never have to worry about losing your keys!

Simply, unlock the front door with a distinct access code. Enjoy LED lighting, unlimited data with up to 1Gbps download speed within your suite and throughout the building.

A LEAdER In COndO dEvELOPmEnT

Since its founding in 2001, LJM Developments has focused on the development of luxury condominium communities, prime commercial centres and office space throughout the Greater Toronto Area, including its most recent projects: Appleby Gardens and Waterview Condominiums.

Noted for its premier architectural

vision, all of LJM’s projects are uniquely designed, featuring concrete construction and incorporating the very best materials and workmanship.

Start your journey home now.

Visit ljmtower.ca to become a VIP and be the first to preview before the public opening!

+

LOCATIOn Hamilton dEvELOPER LJM Developments dEvELOPmEnT LJM Tower HOmE TYPE Highrise sALEs CEnTRE 2782 Barton Street East Hamilton, ON L8E 2J8 COnTACT 1-800-727-0681 sales@ljmtower.ca ljmtower.ca

nexthome.ca 29

ADVICE | stAt ChAt

key data for Condo Investors Ben Myers

Investing in pre-construction condominiums in the Greater Toronto Area has proven to be a tremendous investment over the last 20 years, but prices have risen very quickly over the past three years and now require a much higher upfront investment. If you’re on the fence about shelling out that much cash, take a look at some of the recent data and findings to help you finalize your decision.

One of the major drivers of real estate is the net change in population and immigration levels.

30 New Home + Condo Guide | Aug. 3–31, 2019

The Toronto’s metro area grew by 125,000 people in 2018 according to estimates from Statistics Canada, over 30,000 more than in 2018 and almost 80,000 higher than 2015!

The population spike has contributed to an increase in the labour force. There are now 350,000 more people working in the Toronto CMA in June of 2019 than there were at the start of 2015. Job growth and changes in housing sales are highly correlated.

If you have stable employment, you’re much more likely to buy a home (or at least rent one on your own).

In 2014, the percentage of adults in the workforce that were unemployed reached 8.5 per cent, but that rate plummeted to a low

of 5.8 per cent in 2018. StatCan reported that the rate was 5.9 per cent in June 2019.

Not surprisingly, the Toronto CMA leads the country in new condo apartment price growth.

According to new data from Statistics Canada, Toronto CMA prices have increased by 13 per cent since 2017, outpacing Vancouver’s 11 per cent. Both Montreal and Calgary prices have declined on average during that time.

Statistics Canada recently published other noteworthy data on condo investors. They track the share of ownership housing units “not occupied by the owner” of the unit, and the percentage of units that are owned by a non-resident of Canada. Approximately 37 per

cent of condominiums apartments in the Toronto CMA are not occupied by the owners of those suites, compared to 15 per cent for townhouses. It is also estimated that non-residents of Canada own 6.4 per cent of condo apartments in the CMA, compared to 2.3 per cent of townhouses. There are lots of investors, but most of them are local. Investors have provided most of the new rental supply in Toronto over the last 15 years.

According to survey findings from CMHC, there were about 225,000 completed condo apartments in the Toronto CMA a decade ago, of which 19 per cent were leased out by private landlords. Fast forward to 2018, there were 390,000 built condominiums, of which 130,000 are leased or 33 per cent of the total.

Since 2008, the Toronto metro area has added 16,400 net new condominiums per year, with over 8,500 being rented out. Therefore, over half of new condo buyers are

hold-and-rent investors.

There were only 5,700 net new leased condos in the Toronto CMA last year, the lowest level of absolute growth since 2012. This lower level of investors is likely a result of expanded rent control and higher interest rates, which are major deterrents for investors. But, the sharp rise in values may have led some investors to cash-out early to buy more pre-construction suites. Keep in mind that there is no rent control on units completed after November 2018.

If we estimated the share of investors in the 60 per cent range moving forward, and that new condo completions hit 20,000 to 25,000 per year, the Toronto CMA could add between 11,000 and 16,000 new leased condos to the investor rental stock annually (assuming assignment activity remains low). This should keep rent growth from rising as quickly as it has over the last 18 months, which is a major consideration for condo investors.

Recent monthly listing data from Rentals.ca shows that rent per-square-foot in the GTA for condo apartments was $3.10 psf in June 2019, up from $3.01 at the end of 2018. The average condo unit was offered for nearly $2,400 per month, and is really testing affordability.

There was a lot of data and findings above, and a lot of food for thought. I will always recommend that you hire an experienced team, do your own research, and only buy what you can afford. Good luck.

Ben Myers is President of Bullpen Research & Consulting, a boutique real estate advisory firm, that works with land owners, developers and lenders to better inform them of the current and future macroeconomic and site-specific housing market conditions that can impact their active or proposed development projects. Follow Bullpen on Twitter at @BullpenConsult or visit bullpenconsulting.ca nexthome.ca  31

PROPERTY PROFILE

NATIONAL HOMES THE FOrEST PHASE 2 is a spectacular sequel in Bradford with POTTEry BArN MOdEL HOME The second and final phase is coming to The Forest this spring, completing a community that has come to represent the very best of Bradford. But you’ll have to be swift to call the Forest Phase 2 home.

Starting from only $699,990, these are the lowest priced detached homes in the area.

Elegant detached homes up to 3,473 sq. ft. with up to five bedrooms on 36- and 40-ft. lots boast gracious elevations of stone, stucco and classic brick.

Furthermore, The Forest Phase 2 is full of Bright Ideas and is surrounded by a forest.

32 New Home + Condo Guide | Aug. 3–31, 2019

The team at National has raised the bar again with their new Bright Ideas initiative, offering advanced tools and technology that make National homes smarter, more responsive and more energy-efficient.

Residents at The Forest Phase 2 will enjoy optional and standard features such as a WiFi video doorbell, main door smart lock, a family drop-zone with storage shelves and hanging hooks, and a family allocated smart centre with desk. This exciting Bright Idea has a hidden charging station, whiteboard and shelving to store

and display the family calendar, mail, messages, school forms — all those odds and ends with no place to go in a typical home.

A range of dreamy comforts adding functionality are offered as options, such as a closet organizer with revolving shoe rack in the dressing room, and a voice-activated smart shower in the spa ensuite that controls on/ off, water temperature and flow.

Laundry rooms can be fitted with a convenient pull-down drying rack, kitchens with pull-down cupboards and motion sensor faucets, and more.

National Homes has teamed up with Pottery Barn to bring home its trademark style in the exquisite model home designed by David Nosella Interiors. On display is an eclectic fusion of traditional style mixed with striking accents and contemporary aesthetics. Bright Ideas are built into the model for visitors to see and experience.

Pottery Barn stylists have designed beautiful spaces that appeal to the lifestyles and tastes of a wide range of customers.

Purchasers at The Forest Phase 2 will receive 20% off at Pottery Barn or West Elm, plus a complimentary consultation with their Design Concierge Specialist.

Buyers can also take advantage of the builder’s new customer service initiative. National’s Homeowner Portal connects you to the design and construction of your home from the moment you decide to

buy until long after you move in.

It also makes the décor selection process at the Blueprint Design Lab more fun and efficient using their Virtual Interior Design Tool.

Residents will delight in the views of rolling farmland and forests across the street, Lake Simcoe 20 minutes up the road, and amenities nearby.

A leisure centre, library, and schools are within walking distance, and ample choice in shopping is available at Tanger Outlet Mall and Upper Canada Mall. A short commute on the GO Train whisks you into Union Station, or take Hwy 400 to the GTA in 20 minutes.

If you’re looking for the charm of a real forest community with the comfort and amenities of modern living, The Forest Phase 2 is for you.

Register at NationalHomes.com.

+ LOcaTIOn Bradford DEvELOPER National Homes DEvELOPmEnT The Forest HOmE TYPE Detached Homes cOnTacT NationalHomes.com

nexthome.ca 33

PROPERTY PROFILE

LIVE LARGE IN MISSISSAUGA At S2, the motto is LIVE LARGE. With the average suite size offering over 300 extra square feet on compared to other developments in the Greater Toronto Area, S2 is likely the very best value condominiums in Mississauga, Set to be the newest landmark of Clarkson Village, S2 by United Lands will make a statement on the corner of Lakeshore Road and Southdown Road. United Lands is a trusted developer that has been building in south Mississauga, Oakville and around Canada for over 60 years.

LARGE & CONVENIENT

Clarkson Village is the ideal neighbourhood in Mississauga. The quaint “village inside the city” is steps from urban amenities, yet away from the hustle and bustle. Commuting to downtown Toronto is a breeze with Clarkson GO Station directly across the street and only a 25-minute ride 34 New Home + Condo Guide | Aug. 3–31, 2019

“

The entire building will bring high tech amenity home living to the residents, such as touchless entry from the ground floor to your front door, provisions for electric car charging in every parking unit ...

”

to Union Station. The proximity to the lake, many local parks, and the beautiful stretch of restaurants and lakeside views along Port Credit are just a few reasons why those who live in Clarkson Village never want to leave.

LARGE AND EXCLUSIVE

S2 is designed for tomorrow, today. The entire building will bring high tech amenity home living to the residents, such as touchless entry from the ground floor to your front door, provisions for electric car charging in every parking unit and even a lush green roof designed to improve and reduce energy consumption.

LARGE AND ImPRESSIVE

The future condominium redefines the idea of “downsizing.” Extralarge suites range up to 2,500 square feet, so you can “right-size” instead. It is the perfect solution for those who want to downsize from a large family home without losing the space to live. Suites are beautifully designed by the awardwinning Toronto firm U31. Each suite features open concept living

spaces, large bedrooms and an emphasis on outdoor space with oversized balconies.

LARGE AND ELEGANT

Amenities throughout the building from the ground to the green roof make this boutique building feel like an intimate and private resort.

Three levels of amenities allow you and your neighbours to not just enjoy your suite, but the entire building. The rooftop Sky Club is a stunning terrace, with dining and entertainment areas.

On those crisp evenings, you’ll find the Sky Lounge, featuring a bar, contemporary party dining and lounge area. On the ground floor, amenities are designed for relaxation and play, featuring a lounge area, a library and a billiards room. The lower level amenities focus on wellness, with an indoor luxury heated swimming pool, his and hers change rooms with saunas, a lovely outdoor lounge area that overlooks the pool, and a fitness retreat including both cardio and weight machines as well as a yoga room.

To learn more about S2, view floorplans, amenities and designs visit S2CONDOS.ca. Sales centre and models suites are located at 2007 Lakeshore Rd West.

Call 905-916-0812 for hours.

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LOCATION Mississauga DEVELOPER United Lands DEVELOPmENT S2 HOmE TYPE Highrise SALES CENTRE 2007 Lakeshore Rd W, Mississauga CONTACT 905-916-0812 S2CONDOS.ca

nexthome.ca 35

Trending

altree Developments and ellisDon Capital announce STraTegic ParTnerShiP for

ThirTy Six Zorra Providing renowned inspirational residential, commercial and retail projects built with integrity, Altree Developments, led by third-generation developer Zev Mandelbaum, announced a new partnership with EllisDon Capital, a member of the EllisDon family of companies, for its upcoming condominium project, Thirty Six Zorra.

This collaboration will mark the first real estate development venture for EllisDon Capital and is the first between the two firms.

The expertise and resources of the partnership encompass all aspects of the delivery process and will bring Thirty Six Zorra to life.

“It is a great privilege to be able to build an alliance with EllisDon Capital for Thirty Six Zorra,” said Zev Mandelbaum, President and CEO, Altree Developments.

“Partnering with a corporation that can bring its breadth of construction and design expertise to the team will support Altree in delivering on our vision of offering residents a vibrant city lifestyle, convenient access to downtown Toronto and unparalleled urban amenities, within steps of beautiful public green spaces.”

Both companies will contribute to the betterment of Thirty Six Zorra with Altree’s insight, stemming from a long lineage of multi-generational expertise, and EllisDon’s capabilities as Canada’s leading high rise builder and infrastructure developer. This 36 New Home + Condo Guide | Aug. 3–31, 2019

strategic relationship will aid in the creation of the 35-storey tower that will become a landmark to the new Queensway neighbourhood.

“We are thrilled to collaborate with Altree Developments and bring the vision of Thirty Six Zorra to life,” says Christopher Smith, Director, Real Estate at EllisDon Capital. “In working alongside a partner with Altree’s expertise, we are able to leverage EllisDon’s full

development and construction resources and experience. We are excited to bring a new energy to the Queensway community making it one of the next coveted urban living locations.”

For more information on Altree Developments and any of the developments, please visit: www. altreedevelopments.com and on social media @altreedev.

#Beyond theCity Must-see properties Including‌ semi-detached, detached, condominium suites & townhomes

In thIs sectIon:

Brantford, Caledonia, fonthill, GrimsBy, hamilton, niaGara, oakville, Welland & more nexthome.ca  37

Trending

TWO NEW MODEL HOMES now oPEn AT

KILLARNEY BEACH On Saturday, July 13th, Ballymore Homes celebrated the grand opening of two spectacular new model homes at The Villages of Killarney Beach in Innisfil.

Innisfil Mayor Lynn Dollin did the honours, officially cutting the red ribbon, and she was joined by members of the Ballymore Homes team and special guest of honour, John Brassard, MP for Barrie— Innisfil.

In attendance were dozens of existing owners from the community, including recent purchasers looking forward to the completion of their new home, and numerous house hunters discovering Killarney Beach for the first time. All were treated to a tasty free lunch at a food truck arranged by Ballymore.

The two new model homes provide an excellent example of both the product range and superior craftsmanship offered

by Ballymore. The Riviera model measures 3,343 sq. ft. while The Laguna is 3,079 sq. ft., with interior photos of both models available to view on the Ballymore Homes website at https://ballymorehomes.com/ communities/killarney-beach/ interiors.html.

A wide selection of fully detached homes on 40 and 50 ft. lots is available in the community, each appointed with a long list of luxury features and finishes.

Located just a short stroll from the shores of Lake Simcoe, The Village of Killarney Beach offers 38 New Home + Condo Guide | Aug. 3–31, 2019

Pictured at the ribbon-cutting ceremony are (from left to right): Peter Comyns and Sarah Germain of PMA Brethour; John Brassard, MP for Barrie–Innisfil; Donna Orsatti Town of Innisfil Councillor; Lynn Dollin, Mayor of Innisfil; Louie Morra, President of Ballymore Homes; Jordan Kideckel of PMA Brethour; Helen Rupolo of Ballymore Homes; Kelly Ryan of Ryan Design International and Peter Campbell of Ballymore Homes.

the perfect setting for upscale family living by blending small town charm with easy access to big city amenities. Highway 400 is right at the community’s doorstep, and it is just a short drive to the GO stop at Hwy 11, with links to the Bradford Train Station.

Since 1995, the principals of Ballymore Homes have concentrated their construction and business expertise in the Ontario housing market with

one goal in mind: to design and build quality homes for their homeowners. The company has always treated its customers as No. 1, with a reputation for meticulous attention to detail and craftsmanship that has earned the trust of thousands of satisfied homeowners from across and beyond the Greater Toronto Area.

For information, visit: BallymoreHomes.com

I’m ready... move me!

-IN A E V O M

TM

!

P A N S

Foothills of Winona SNAP Pre-Finished Homes have you packing in 30, 60 or 90 days!

Our SNAP Pre-finished Homes Program gives you immediate occupancy on our newly built Towne Homes at The Foothills of Winona. 30, 60 or 90 day SNAP closings with up-to $40,000 in upgrades already built-in! And a fabulous location in the heart of Winona, just minutes from the Regions hottest selling neighborhood, Hamilton.

But move fast - with only a limited number available these homes will be gone in a SNAP!

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ADVICE | ConDo pro

an interesting LooK at mortgage rateS BarBara LawLor

Sometimes, people take for granted what they should pay more attention to. For example, first-time homebuyers nowadays may not realize how good they have it, with current mortgage interest rates as low as they are.

Just ask anyone who purchased a home in the 1980s and paid double-digit rates. After years of hearing “experts” predict that 40 New Home + Condo Guide | Aug. 3–31, 2019

single-digit mortgage interest rates were a thing of the past, it was amazing to watch the rates plummet to current numbers.

So, what’s the big deal? I wonder whether people entering the homeownership marketplace understand how significant the rate is over the course of the mortgage amortization. A small fraction of a percentage point now can mean a big difference in what you actually pay during your amortization period.

Let’s look at a few examples using a $300,000 mortgage over a 25-year amortization, paying monthly for the full 25 years.

1. Mortgage interest rate of 3 per cent: $1,422.63 per month = $426,789 total paid at 25 years 2. Mortgage interest rate of 3.1 per cent: $1,438.29 per month = $431,487 total paid at 25 years 3. Mortgage interest rate of 3.2 per cent: $1,454.04 per month = $436,212 total paid at 25 years Going from 3.0 per cent to 3.1 per cent costs you $4698; from 3.0 per cent to 3.2 per cent, you pay another $9,423. Again, even a fraction of a percentage point lower can save you thousands in the end – and who can’t use …continued on page 42

UPPER

WEST SIDE C O N D O S AT OAKVILLAGE

COMING SOON TO OAKVILLAGE Branthaven is pleased to announce a brand new luxury condominium community is coming this fall to the successful Oakvillage neighbourhood.

Upper West Side Condos is perfectly located on Trafalgar Road and Dundas, at the gateway to Upper Oakville and Oakvillage.

Upper West Side Condos will deliver the attainable luxury and designer selected Fresh Thinking™ features you have come to expect from Branthaven.

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Register Now UpperWestSideCondos.ca Branthaven.com Rendering is artist’s concept. Prices, sizes and specifications are subject to change without notice. E.&O.E.

“

When you purchase a home as a first-time buyer, or frankly, as a seasoned buyer, it is wise to investigate every avenue possible that will save you money in the long run.

…continued from page 40

”

thousands of dollars at any stage of life? Now, keep in mind, usually you are working with a limited-year term, which changes the amounts slightly.

If you want a more detailed calculation, the Government of Canada’s mortgage calculator (https://bit.ly/2zvHjMD) takes the term into consideration.

When you purchase a home as a first-time buyer, or frankly, as a seasoned buyer, it is wise to investigate every avenue possible that will save you money in the long run. As everyone’s situation is different, check with a representative of your financial institution or mortgage broker 42 New Home + Condo Guide | Aug. 3–31, 2019

to find out what type of mortgage and rate will serve you best.

The one thing holding back first-time and other buyers is the mortgage stress test imposed last year, which begs the question as to whether it is in everyone’s best interest. Trust me, builders and developers want people to be able to afford homes and condos.

It is easy to get caught up in the excitement of buying a new home – especially if it is your first – but remember to think long term as well. Your mortgage interest rate is one example. Another is to select finishes and upgrades with future resale in mind.

When it comes to money, the moral of the story is to buy NOW

as opposed to later, when rates are likely to go up. However you look at it, buying sooner rather than later will save you money in the future.

Barbara Lawlor is president and CEO of Baker Real Estate Incorporated, winner of the pinnacle 2017 Riley Brethour Award from BILD, and an in-demand columnist and speaker.

A member of the Baker team since 1993, she oversees the marketing and sales of condominium developments in the GTA and overseas. Keep current with The Baker Blog at blog.bakerrealestate.com

+more adVICe onLine nexthome.ca/news/advice

A SOPHISTICATED LIFEST YLE

in fonthill

A JEWEL IN FONTHILL. The first in the One Fonthill Condominium Collection, One Twenty is a stunning showcase of Mountainview’s incredible design choices and trusted building standards.

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INSPIRATION |

design

The Akron Rock Face feature wall perfect for outdoor use by ERTH Coverings (erthcoverings.com).

Stone faced Stone veneers offer cool looks this summer

by Sara Bederman

TOWNS & SINGLES see page 2 for more info

Stone has been a widely popular choice among architects, designers and homeowners alike for many centuries – highly acclaimed for its quality, durability and unique aesthetic. As a designer, I know a stunning stone slab also comes with a hefty price tag. Thankfully, now you can get the look of stone for less. Stone veneer products have a lot more going for them than just their looks. Stone veneers deliver all the elegance of real stone, but at just a third of the weight and a fraction of the price. Their applications are easy and virtually endless.

Relatively new to the world of design and decor, they’re already making a splash with their wide range of looks for both indoor and outdoor applications. Here are some popular stone styles to keep your eye on this year. …continued on page 46

44 New Home + Condo Guide | Aug. 3–31, 2019

HOMES MADE FOR

“Dinner’s ready!”

Your kitchen is a special place. It invites you to enjoy more time together. Textbooks magically close. Computers, sleep. Our overscheduled lives stop, for a little while anyway. From sleek and stylish kitchens, to solid construction and high-end finishes, Sifton focuses on craftsmanship,so you can focus on life.

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Homes starting from $487,500.

…continued from page 44

ROugh & Tumble

This raw, organic trend is all about the texture. Stone’s wonderfully earthy attributes are highlighted, defined by their naturally occurring variations in colour, irregular shapes and varied size. These qualities all contribute to this trend’s serious touchability. (Just try and resist running your fingertips along these walls as you walk by!) mOdeRN geOmeTRIcS

Clean lines and crisp edges characterize this contemporary trend, which is warmed up with stone’s naturally earthy colours and patterns. This material’s organic edge is beautifully complemented by the materials that surround it. In this case, an ultra-trendy hexagon-shaped tile abuts a rustic wood product, such as a distressed, hand-scraped hardwood, creating a cool clash of styles, textures and materials. mOdeRN meeTS NATuRe

This trend ranks high on the sophistication scale, landing comfortably between the “rustic-rough” and “clean-contemporary” styles. Within the parameters of this aesthetic, shape and colour are relatively uniform. Instead, texture plays a big role in keeping this trend exciting. Stone veneer products achieve an understated organic edge highlighted by the interplay of shadow and light on its surface. The look is chic, yet rustic and warm – a great addition to a feature wall or fireplace.

White Wolf Hex Series from ERTH Coverings is a stunning marble tile that works for flooring, backsplash or feature wall applications. While 2019 is all about hexagons, this trend translates well with all geometrics.

Sara Bederman is the principal designer of Sara Bederman Design. For over a decade, this Toronto bespoke design firm has become known for creating stylish, thoughtfully curated and livable interiors. The firm provides residential design services for projects of all sizes. Sara Bederman Design works throughout Toronto, the GTA. and beyond. sarabederman.com

Tundra Rock by stone veneer company ERTH Coverings, artfully embrace stone’s bumps and grooves, adding that signature third dimension to flat - and otherwise boring - walls.

46 New Home + Condo Guide | Aug. 3–31, 2019

+more InspIratIon online nexthome.ca/news/inspiration

A NEW A NEW HOME HOME COMMUNITY COMMUNITY UNLIKE UNLIKE ANYANY OTHER OTHER COMING COMING SOON IN SOON MOUNTIN HOPE, MOUNTHAMILTON HOPE, HAMILTON

IntroducingIntroducing Homestead, Homestead, a new home a new community home community in charming inMount charming Hope, Mount Hamilton.

Hope,With Hamilton.

Homestead, With Homestead, BranthavenBranthaven will launch will its new launch Lifestyle its new Collection™, Lifestyle Collection™, three distinctive three distinctive exterior styles exterior - Modern stylesFarmhouse, - Modern Farmhouse, New Traditional New Traditional and Contemporary and Contemporary Craftsman Craftsman elevations designed elevationsto designed create an toauthentic create anarchitectural authentic architectural experienceexperience for new home for new buyers. home With buyers.

33’, 36’, With 38’33’, and36’, 40’38’ lots and and 40’ plenty lots and of styles plenty toof choose styles from to choose from we know you’ll we know find everything you’ll find everything you want at you Homestead. want at Homestead.

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Detached Detached Homes Homes From The From Low The $600s Low $600s Live The Live Life™The | Branthaven.com Life™ | Branthaven.com Rendering is artist’s Rendering concept.isPrices, artist’ssizes concept. and specifications Prices, sizes and arespecifications subject to change are subject withouttonotice. change E.&O.E. without notice. E.&O.E.

ADVICE | GuEst ColumnIst

how to make the pre-construction home buying ProCess as painless as possible

Cynthia Del PesChio

Purchasing a new pre-construction home is quite different from buying a resale house. Before you sign a deal on a new house, it pays to educate yourself about the process so you’ll know what to expect.

If you are planning to purchase a new pre-construction home, to help ensure the process goes as smoothly as possible and to minimize unpleasant surprises, here are some helpful tips.

48 New Home + Condo Guide | Aug. 3–31, 2019

1. Ensure you are buying from a reputable builder.

• Check out your intended builder’s reputation and research what their timelines were on previous projects.

Do your own quality control check. Look at resale homes in previous projects the builder has constructed. Talk to previous buyers to determine what their experience was.

• Go to the Tarion website (Ontario’s new-home warranty program) at tarion.com and access the builder directory.

You’ll be able to find out if your builder is registered — which is mandatory in Ontario— and what the builder’s history is for

claims and conciliations.

• Find out what the builder’s specialty is. If they are building many different types of housing, ensure they are building a quality product.

2. Ask if there are models homes to walk through.

Models are usually decked out with many upgraded features and finishes. Ask the salesperson what the upgrades are in the model and establish what is not included in your intended home’s base price.

Request to see what the standard finishes are so you can compare.

Ask what the choices of upgrades are, other than those you see in the model home.

• Tip: Ensure central air conditioning is included in the purchase price. Some new home builders charge extra for this.

3. Floorplans: Be aware that a floorplan is just that … a plan. Builders are entitled to make changes so your finished house may not be exactly as depicted in the plan.

The measurements marked on the plan are taken from the outside walls, so your actual room sizes will be slightly smaller.

Check that the indicated overall square footage does not include basement, balconies, patios or a rooftop space.

Read a room’s actual dimensions. A bed and night tables may be drawn in a bedroom, for example, but in reality the furniture can’t actually fit.

4. Development charges: These are fees municipalities collect from developers when a building permit is issued that helps pay for the infrastructure to a new development, such as roads, parks, transit, water and sewer, community centres, libraries, fire and police facilities, etc. These fees are rolled into the price of a new house.

Check if your agreement of purchase and sale stipulates a cap dollar amount you will have to pay on closing.

If there isn’t a cap on the fees you will have to pay at closing, have your lawyer negotiate a flat fee so there won’t be any surprises if your builder has had to pay more in development charges than anticipated.

5. Tarion warranty: Ontario’s new home warranty protects new-homebuyers in the province from the deposit through to ensuring the house is built to Ontario Building Code standards.

• Not every new build is covered

by Tarion. As mentioned, check to see if your builder is covered by the warranty program by looking at the builder directory on Tarion’s website.

• Determine a realistic closing date by looking at Tarion’s tentative closing date and adding approximately six months to a year delay. Preconstruction timelines are almost always delayed and you should expect and be prepared for this.

What about if you’re purchasing an investment property? Here are some things to be aware of: 6. Registration: Often in condominium buildings, or housing developments that include some condo elements, there is a period between the occupancy date and the closing date known as the interim occupancy period. While you can move in — or take occupancy — on the occupancy date, the property doesn’t ‘close’ or become legally yours until the closing date.

The closing date can only happen once the development has been registered with the municipality. Be prepared to pay an interim occupancy fee during this period from the occupancy date until the closing date. The interim occupancy fee is composed of three components:

Be aware that your interim occupancy fee does not go towards your mortgage or reduce your principal (you won’t make payments on your mortgage until after closing day). Even if you choose not to move in on your occupancy date or aren’t allowed to rent out your unit, you must still make these payments.

7. Pre-construction pricing: A benefit to buying preconstruction is seeing your investment appreciate based on its full value with little money down.

Some purchasers want to take advantage of this appreciation and sell before closing. This is called an assignment. Make sure you are aware of any penalties or fees you’ll be obligated to pay to the builder should you choose to exercise the assignment clause.

8. Realtors: Buying a home is one of the most important purchases of your life.

Buyers need advocates in their corner that do not work for the builder. Generally, builders’ model homes and sales centres are staffed by agents who work directly for and represent the builder. A buyer needs to have a real estate agent and a real estate lawyer who will represent them and will look after their best interests.

1. Interest on the unpaid balance of the purchase price of your home.

2. An estimate on the municipal taxes for your home.

3. Projected common expenses.

Cynthia Del Peschio is the Manager of Sales and Marketing for Dunpar Homes where she oversees all of their residential and commercial developments. Discovering she had a passion for real estate, she began managing developers’ portfolios and new commercial and residential properties prior to joining Dunpar Homes in 2014.

Determine what your builder’s policies are during the interim occupancy period. Many builders do not permit you to rent out the property until final closing.

+more adVice online nexthome.ca/news/advice

nexthome.ca 49

OutdOOrs

this year’s hottest yard feature? the raised vegetable planter

Carson arthur

The most requested outdoor feature for the 2019 backyard is… (insert drumroll here) the raised vegetable planter. Are you surprised? With so many Canadians now growing their own vegetables at home, the raised planter has become the must-have item. Over and over, I have clients asking to remove large sections of their backyard spaces to install vegetable gardens. Part of this comes from the new Canadian food guide, which has increased its emphasis on eating plant-based food.

50 New Home + Condo Guide | Aug. 3–31, 2019

The other factor – food prices continue to climb with an expected jump this year of 3.5 per cent.

When choosing the right garden for you, consider going with a raised planter, which have some significant benefits over just plowing out a section in the lawn.

1. Weed COntrOl – A large portion of weeds that live in our yards travel under the soil via rhizomes (rootlets). With a raised bed, you can place a liner of garden cloth at the bottom to completely prevent new weeds from invading your soil. Another simple trick is to put a good layer of cardboard in the bottom of your planter before you fill it.

The cardboard will naturally stop

any weeds from growing up into your raised bed. As it breaks down, the cardboard also feeds your plants! Even the weeds that spread via seeds, like dandelions, have a harder time getting over the walls of your garden, providing less competition for your veggies.

2. Pest COntrOl – Vermin, like gophers and groundhogs, are limited in their ability to get into the beds because they don’t jump. A planter that is 20 inches tall is even effective in stopping some rabbits – as they are reluctant to leave the safety of the ground. If you have a real pest problem, consider putting your planters on legs!

3. Better sOil – While the soil in your yard might be great for trees and perennials, vegetables like to get special treatment.

Filling your beds with a highgrade triple mix (topsoil, peat, and compost or manure) ensures that your tomatoes are getting the best. Another benefit to adding your own soil is that you can better control compaction, making it easier for the roots of the plants to access more nutrients and water – and produce better returns for you!

4. ACCessiBility – Gardening where you can reach it without having to bend over! It’s a dream for anyone who has strained their back digging on their knees in a vegetable bed.

Higher definitely makes it easier, but also consider that you can control the pathways in between the beds, making them level and more stable for walking.

One caution: Don’t make your raised bed too wide! Keep them between four and five feet so that you can easily reach into the middle.

5. APPeArAnCe – No one can deny that a raised bed just looks good. They are neat and tidy, with all of the soil contained in one space. Having multiple beds is perfect for those like me – who want organization, even outdoors.

I’m such a fan of the raised bed, that I built 25 of my own raised planters, complete with trellises for beans and peas. My garden is probably a little big for most homeowners, but adding a few raised beds is simple! It’s literally a wood box on the ground filled with soil. The key is using the right products for your bed.

The type of wood that you use is a big deal. Wood is porous; anything that is on the wood will eventually leach into your garden and get into your veggies. Using clean woods that can handle moisture are your best bet.

Cedar has traditionally been considered the best choice. It is a ‘clean’ wood, which means that it doesn’t have any preservatives or chemicals. This product can be harder to find and is often more expensive Pressure-treated is a blend of woods that have been treated to withstand the elements longer.

Up until recently, I would never consider using pressure-treated because testing showed that the preservatives would leach out of the wood and into the soil, eventually being absorbed into the plants themselves. That’s all changed now. New technology from MicroPro Sienna is making treated-wood garden-friendly.

The copper used in the treatment of the wood becomes inert when it comes in contact with the soil, allowing this product to be used in vegetable gardens and children’s playgrounds and decks. It has also passed thorough environmental testing to be used around freshwater lakes and rivers.

This year, get on trend with a vegetable garden perfect for your own family!

Carson Arthur is a landscape designer and TV personality. Throughout his 20-year TV career, Carson has taught homeowners how to increase the value of their homes through outdoor renovations while maintaining a focus on environmentally friendly choices.

Look for his new book Vegetables, Chickens and Bees.

Check out CarsonArthur.com or follow him on Twitter @CarsonArthur, Instagram @CarsonArthur123, and Facebook @Carson.Arthur

aBout

MICropro

sienna

Ready-to-build in a beautiful rich brown tone, MicroPro Sienna is a versatile treated wood product that looks great for backyard projects of all sizes and functions; from decks and fences to benches and garden planters. Certified low VOC, MicroPro Sienna has more environmental certifications than any pressure treated wood product on the market.

Aligning with consumer and contractor values around sustainability, Sienna tackles the demand for more ecodriven outdoor lifestyle products.

MicroPro Sienna has been featured nationally across Canada in the following publications: Toronto Sun, Renovation Contractor, The Marilyn Denis Show, Global Morning Show, CTV Morning Live, Western Living to name a few.

For more information, visit MicroProSienna.com

+more advICe online nexthome.ca/news/advice

nexthome.ca 51

ADVICE | TArIon rEporT

It’s storey tIme for Wood ConstruCtIon HoWard BogacH

In a world of innovations like special glazing that can allow a building to generate its own electricity, it’s hard to wrap your head around how one of our oldest construction materials has become the latest trend in the building market.

Wood-frame buildings – tall ones – are appearing across Canada. (I was going to say ‘growing across Canada’ but that seemed like too much of a pun).

Tall wood buildings offer a way to cut down on the environmental impact of the steel and concrete used in most construction. For the bold, wood offers new and exciting design opportunities.

Wood-frame buildings also have a very different feel that you can 52 New Home + Condo Guide | Aug. 3–31, 2019

sense from the moment you walk in the door.

In 2015, the Ontario Building Code was amended to allow wood-frame buildings up to six storeys tall, an increase of two storeys.

In 2020, the Code will be updated again, and could allow even higher wood construction, possibly as high as 12 storeys.

People always have questions about the safety of tall wood buildings. In British Columbia, where tall wood structures are more common, industry experts say the buildings are as safe as those made of more traditional materials. Amendments to the building code are common to add extra safety requirements.

The construction materials themselves, combining old and new technologies, may be the most compelling argument for the safety of the structures.

For strength, builders are using

cross-laminated timber, which is made by gluing layers of wood together at right angles to create reinforced sheets for the walls and floors. It’s said to be as strong as concrete but up to five times lighter.

And fans of wood construction point to a newer product called mass timber, made by gluing together multiple pieces of wood under pressure to create an extremely strong wooden pillar.

The mass timber is assembled in a factory and then brought to the construction site, saving significant construction time.

Is multi-storey wood construction a fad? The University of British Columbia would say not. At 18 storeys, their Brock Commons student residence is the world’s tallest wood building.

It’s a hybrid building with two concrete core pillars. However, the massive amount of wood used in construction (instead of concrete)

is estimated to have saved nearly 680 tonnes of carbon emissions.

There’s also the 13-storey Origine residential project going up in Quebec City, which is offering ‘environmentally friendly’ condo living.

A wooden five-storey office and retail project is currently under construction in Liberty Village in downtown Toronto and several more multi-storey buildings are planned in the downtown core.

Tall wood construction is far from being the norm and hasn’t yet reached the promised stage where it is significantly less expensive than traditional steel and concrete construction.

There aren’t many tradespeople with experience in this building method. Builders may have to plan on their projects taking longer while workers learn new techniques on site.

It may also take time to find manufacturers of specialized

“

For strength, builders are using cross-laminated timber, which is made by gluing layers of wood together at right angles to create reinforced sheets for the walls and floors. It’s said to be as strong as concrete but up to five times lighter.

building materials, such as the cross-laminated timber, who can supply large-scale projects.

As the wooden construction industry matures, though, these problems are likely to be resolved and the potential of faster, cheaper, more environmentally responsible construction will be realized.

And the good news is that woodframe condo buildings have the same warranty protections as those built with more traditional steel.

In the future, I’m sure we’ll continue to see ever-taller wood construction.

In Japan, plans have been

”

announced for the construction of a 70-storey wooden office tower. The Sumitomo Forestry Company plans to mark its parent company’s 350-year anniversary by opening the massive wooden skyscraper in 2041.

Howard Bogach is president and CEO of Tarion Warranty Corp For more information, visit tarion.com or find on Facebook at facebook.com/ TarionWarrantyCorp.

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nexthome.ca 53

Trending

GLOBAL TRAVELLERS TO SETTLE IN

GANANOQUE’S STONE & SOUTH COMMUNITY “We aren’t boaters, but we love living on the water.”

That’s one of many reasons why William and Sandra (Bill and Sandy) Miles purchased a luxury waterfront condo at Stone & South on the River in Gananoque, Ontario, CaraCo Development Corporation’s community of dockside residences on the St. Lawrence River.

“We happily live in a prime lakeside spot right now, in Oakville,” said Bill. “But we wanted to move to something similar in a quieter municipality. Stone & South is perfect and offers the best new, modern living accommodations in the Gananoque area, and it is right on the waterfront.”

Both are now retired from their corporate careers. For a number of years after that, they operated their own management consulting firm, helping various businesses in Canada, the USA, and Europe grow and prosper.

“Bill was in retail management and international business development for years, and I was in human resources and marketing,” said Sandy. “Over the years, our skill sets enabled us to take on 18 foreign assignments with the Canadian International Development Agency (CIDA), helping small businesses in developing countries. We have both travelled the world for business and pleasure, and we have visited over 80 countries.”

This adventurous couple has taken part in African safaris, riverboated along the Mekong River 54 New Home + Condo Guide | Aug. 3–31, 2019

William and Sandra Miles purchased a luxury waterfront condo at Stone & South on the River in Gananoque. They are looking forward to having gorgeous views of the St. Lawrence River and the Thousand Islands everyday.

in Vietnam and Cambodia and sailed on a Russian ice-breaking ship in the Canadian Arctic. “One of our favourite pastimes is to sit by the water on sun and sand islands in the Caribbean. Our move to Gananoque will give us the same tranquil environment, within the Thousand Islands area,” she said.

Bill and Sandy have two adult children; one, their daughter with her husband and children, lives in Kingston.

“Kingston is less than 30 minutes away,” said Bill.

“Gananoque is halfway between Toronto and Montreal, and close to Ottawa, so it will be easy to visit or host our friends. In addition, we will be able to walk to Gananoque’s main business

area for shopping, services, theatre and great restaurants.”

Sandy says they are ecstatic that Stone & South is adjacent to the Thousand Islands Playhouse.

Sandy and Bill purchased a 1,547 square foot, three-bedroom Wolfe Island corner suite. “We’ll have everyday gorgeous views of the St. Lawrence River and the Thousand Islands,” Bill says. “Working with their sales representatives was always pleasant, and we never felt hurried. We requested a few suite design changes, and everyone was very accommodating and understanding.”

There is still time to own at this remarkable community. Suite prices begin from $489,900. Call 613-876-2524.

HOT PROPERTIES

find your next home

The latest properties in the greater toronto Area to keep your eye on 17. eleven altamont By: Heathwood Homes City: Toronto, North York Housing type: Townhomes Heathwood.com

18. natura By the forest By: Delta Rae City: Whitby Housing type: Semis and Singles NaturaByTheForest.com

new openinGs 8. edenBridGe kinGsway

Gta prevIew reGistration 1. saturday in downsview park By: Mattamy Homes City: Toronto, North York Housing type: Condominium mattamyhomes.com

2. suGar wharf By: Menkes City: Toronto Housing type: PATH-connected waterfront condos menkes.com

3. klein estates By: Lindvest City: Kleinberg Housing type: Upscale detached homes on 42 and 50 ft. lots lindvest.com

4. Bijou on Bloor By: Plaza City: Toronto Housing type: Condo pureplaza.com

5. whitBy meadows By: Fieldgate Homes Location: Whitby Housing type: Detached fieldgatehomes.com

7. thirty six zorra By: Altree Developments Location: Toronto Housing type: Condominiums thirtysixzorra.com

+

By: Tridel Location: Toronto Housing type: Condominium Tridel.com

10. the united BldG. By: Davpart City: Toronto Housing type: Heritage retrofit condominium building theunitedbuilding.com

12. 55 charles residences By: Mod Developments Inc. City: Toronto Housing type: Condo 55charlesresidences.com

13. moBilio By: Menkes City: Vaughan, Concord Housing type: Condo menkes.com/mobilio

14. linx By: Tribute City: Toronto Housing type: Condominiums LinxCondos.com

15. xo condos By: Lifetime Developments City: Toronto Housing type: Condominiums XOCondos.com

B. upper valleylands By: Fieldgate Homes City: Brampton Housing type: Semis, single-detached and freehold townhomes from upper $500s fieldgatehomes.com

d. impressions By: Fieldgate Homes City: The Village of Kleinburg Housing type: Luxury singles fieldgatehomes.com

e. the humBer condos By: Options for Homes City: Toronto Housing type: Condominium TheHumber.ca

h. aqualuna By: Tridel City: Toronto Housing type: Condo tridel.com/aqualuna

j. evermore By: Tridel City: Etobicoke in Toronto Housing type: Condo Tridel.com

k. auBerGe on the park By: Tridel City: Toronto Housing type: Condo www.tridel.com/auberge

16. ksquare condos By: Kingdom Developments City: Toronto, Scarborough Housing type: Condominiums KSquareCondos.com

maps Locate properties using the map on the following page

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 nexthome.ca  55

HOT PROPERTIES | GREATER TORONTO AREA

F D 3

13 17

1

C

K E 10

B 16

12

8 15

J

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

®

56 New Home + Condo Guide | Aug. 3–31, 2019

17 14

7

2

H

i

18 5

15

16

14

N

NEW HomEs NEW CoNDos

cartography: marketmaps.com

MAP LE GE N D

nexthome.ca  57

THE ELEPHANTS IN THE ROOM

Now is the time for bold leadership to fix a generational housing and supply challenge that is making home ownership unaffordable.

What are today’s facts?

22%

100k 11

years

231k

What can the future look like?

of the cost of a new home is made up of government fees, taxes and charges.*

Nearly 4 million residents in the GTA will need housing by 2041. The solutions are at our doorstep.****

future GTA housing units are stuck in a log jam at the Local Planning Appeal Tribunal, reducing supply. (LPAT)**

• More supply • More cost certainty • Less red tape

is the average time it now takes to complete a low-rise project in the GTA. in lost person-years in construction jobs as a result of housing shortfalls.***

• More affordable housing options • More jobs

To find out more please visit bildgta.ca/reports * Altus Government Charges and Fees on New Homes in the GTA 2018 ** Steve Clark, Minister of Municipal Affairs and Housing *** Altus Unmet Demand Analysis 2019 **** Statistics Canada

HOT PROPERTIES

Find your next home The latest properties in southwestern ontario to keep your eye on

sWo prevIew registration 1. casa di torre By: Branthaven Homes City: Stoney Creek Housing type: Condos from 550 to 978 sq. ft. from the low $300s branthaven.com

2. one tWenty condominiums By: Mountainview Homes City: Fonthill Housing type: Condominiums mountainview.com

3. the mcKenzie By: Losani Homes City: Caledonia Housing type: Towns and singles mckenziecaledonia.ca

4. Brant West By: Losani Homes City: Brantford Housing type: Towns and singles brantwest.com

5. the Peninsula By: Losani Homes City: Paris Housing type: Towns, semis and singles parispeninsula.com

6. synergy By: Branthaven Homes City: Oakville Housing type: Urban trailside condos branthaven.com

+

9. homestead

F. the PreserVe

By: Branthaven Homes City: Mount Hope in Hamilton Housing type: 33, 36, 38 & 40 ft. singles branthaven.com

By: Mattamy Homes City: Oakville Housing type: Townhomes mattamyhomes.com

10. Winona county

g. FallingWaters

By: Branthaven Homes City: Winona county Housing type: 36 & 40 ft. singles branthaven.com

By: Losani Homes City: Stoney Creek Housing type: Luxury townhomes email: Pronto@LosaniHomes.com

11. WaterWorx

h. timBerWood estates

By: Losani Homes City: Hamilton Housing type: Townhomes LosaniHomes.com

By: Mountainview Homes City: Thorold Housing type: Townhomes, detached homes timberwoodestates.ca

12. lJm toWer By: LJM Developments City: Hamilton Housing type: Condominiums LJMTower.ca

neW oPenings a. lyon’s creeK By: Mountainview Homes City: Niagara Falls Housing type: Semis lyonscreekhomes.com

B. Vista ridge By: Losani Homes City: Beamsville Housing type: Townhomes and detached losanihomes.com

c. sParroW meadoWs By: Mountainview Homes City: Welland Housing type: Singles and townhomes sparrowmeadows.com

i. saFFron estates By: Mountainview Homes City: Fonthill Housing type: Townhomes, detached homes saffronestates.ca

J. simPly grand By: Losani Homes Location: Paris Housing type: semis and singles losanihomes.com

l. harrisVieW By: Sifton City: Ingersoll Housing type: Detached homes sifton.com/HarrisView

m. cardinal heights By: DiCenzo Homes City: Hamilton Housing type: semi-detached CardinalHeights.ca

d. lincoln estates By: Losani Homes City: Lincoln Housing type: Single-detached homes losanihomes.com

e. elements By: Mountainview Homes City: St. Catharines Housing type: Luxury oneand two-bedroom condos elementscondo.com

maPs Locate properties using the map on the following page

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 nexthome.ca  59

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

kITcHENER–WATERlOO

Guelph

Waterloo Kitchener

Milton

Cambridge

J

Brantford

Hamilton

5

4

m

lONdON

9

L 3

London

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

60 New Home + Condo Guide | Aug. 3–31, 2019

Mississauga

MAP LE GE N D NEW HomEs

F 6

NEW CoNDos

Oakville

Burlington

11 12 G

10

B

E D

St Catharines H

Niagara Falls

2

A

I

C

Welland cartography: marketmaps.com

11

nexthome.ca  61

62 New Home + Condo Guide | Aug. 3–31, 2019

Freehold ownership Freehold means permanent and absolute tenure of land or property with freedom of full use and control of the land and buildings on it, subject to any rights of the Crown, local land-use bylaws and any other restrictions in place at the time of purchase

Adjustable-rate and fixed rate mortgages There are generally two types of conventional mortgages – a fixed-rate and an adjustablerate mortgage. An adjustablerate mortgage means the interest rate can change over the term of the loan. A fixedrated mortgage simply means that the interest rate stays the same through the entire term of the mortgage and is “locked in”.

Assessed value

In addition to the actual price of a home, there are also closing costs, which will typically make up about two to five percent of the purchase price, not including the down payment. Examples of closings costs include the mortgage processing costs, title insurance, and excise tax, and legal fees.

The percentage of your gross monthly income that housingrelated payments (mortgage, property taxes and heating) eats up. Depending on your situation, to qualify for a mortgage, your GDSR should be 39 per cent (or less) of your gross monthly income.

This is how much a home is worth according to a public tax assessor who makes this determination in order to figure out how much city or state tax the owner owes.

Closing

Condo ownership

Condominium ownership is real estate that is independently owned and sellable, but the owners of the individual units also collectively own the common areas, amenities and utilities which are managed collectively by the owners as outlined in the Ontario Condominium Act.

Gross debt service ratio

Closing refers to the meeting that takes place where the sale of the property is finalized. At the closing, buyers and sellers sign the final documents, and the buyer makes the down payment and pays closing costs. It is advisable to have a lawyer facilitate closing.

Debt to service ratio

Amortization

This process combines the interest and principal together in an established schedule of payment installments, rather than simply paying off interest at the start, which helps build home equity early on.

Closing costs

REAL ESTATE GLOSSARY

This amount shows the ratio of your household’s debt payments to gross household income. Banks look at this when assessing how much money to loan you.

townhome

Condo

Bungalow

Location BuiLder/deveLoper name Site name

semi

#in tHe City

detached

index of advertisers

priceS

page

Bloor West village

Plaza pureplaza.com

Bijou on Bloor

•

Inquire

3

Bloor Yorkville

Mod developments inc.

55 Charles Residences

•

From 500's

21

downsview park

Mattamy Homes mattamyhomes.com

Saturday in Downsview Park

•

$4,990

IBC

etobicoke

tridel tridel.com

Evermore

Inquire

4,5

etobicoke

Mattamy Homes mattamyhomes.com

Vita on the Lake

•

Inquire

IBC

etobicoke

Mattamy Homes mattamyhomes.com

Vita Two

•

Inquire

IBC

north York, on

Heathwood Homes

Eleven Altamont

•

From 1 million

T11

north York, on

Mattamy Homes mattamyhomes.com

Origins of Don mills

•

•

Inquire

IBC

north York, on

Mattamy Homes mattamyhomes.com

Park Place on Patricia

•

Inquire

IBC

Queens Quay east

tridel tridel.com

Aqualuna

•

Inquire

4,5

Scarborough

Kingdom developments

K Square Condos

•

From $372,900

T6

Scarborough

Mattamy Homes mattamyhomes.com

Thomson Towns

•

Inquire

IBC

Scarborough

Mattamy Homes mattamyhomes.com

Upper Summerside

•

Inquire

IBC

toronto

altree developments

Thirty Six Zorra

•

From 300's

15

toronto

davpart inc.

The United

•

Inquire

OBC

toronto

Lifetime developments

XO Condos

•

Inquire

T2

toronto

Menkes menkes.com

Sugar Wharf

•

Inquire

IFC

toronto

tribute Communities

Linx

•

Inquire

T5

toronto

tridel tridel.com

Auberge on the Park

•

Inquire

4,5

toronto

tridel tridel.com

Edenbridge

•

From 900's

2,3

•

nexthome.ca 63

Beamsville

Losani Homes losanihomes.com

Vista Ridge

•

Bracebridge, on

Mattamy Homes mattamyhomes.com

White Pines

•

Brampton

Mattamy Homes mattamyhomes.com

Union Mount Pleasant

Brampton

Mattamy Homes mattamyhomes.com

Union Mount Pleasant

Brantford

Losani Homes losanihomes.com

Brant West

caledon/Brampton Border

fieldgate Homes fieldgatehomes.com

Upper Valleylands

• •

caledonia

Losani Homes losanihomes.com

The McKenzie

•

Fonthill

Mountainview Homes mountainviewhomes.com

One Twenty Condominiums

Fonthill

Mountainview Homes mountainviewhomes.com

Saffron Estates

Fonthill

Mountainview Homes mountainviewhomes.com

Homestead

•

Hamilton

diCenzo Homes

Cardinal Heights

•

Hamilton

LJM development

LJM Towers

Hamilton

Losani Homes

Waterworx

ingersoll

sifton

Harrisview

Kleinburg

fieldgate Homes fieldgatehomes.com

Impressions

Kleinburg

Mattamy Homes mattamyhomes.com

Kleinburg Summit

Lincoln

Losani Homes losanihomes.com

Lincoln Estates

markham

Mattamy Homes mattamyhomes.com

The Condominiums of Cornell

milton

Mattamy Homes mattamyhomes.com

Hawthorne South Village

•

mount Hope

Branthaven Homes welcomehomestead.com

Homestead

niagara Falls

Mountainview Homes lyonscreekhomes.com

Lyon's Creek

oakville

Branthaven Homes thetauntonapartments.com

The Taunton

oakville

Mattamy Homes mattamyhomes.com

East Preserve

64 New Home + Condo Guide | Aug. 3–31, 2019

townhome

Condo

Bungalow

semi

Location BuiLder/deveLoper name Site name

detached

#Beyond tHe City

•

priceS

page

From $300’s

2,44

$419,990

IBC

•

From $300’s

IBC

•

From $300’s

IBC

From 400's

2,44

•

From $500’s

7

•

Inquire

2,44

•

Inquire

43

•

Inquire

43

•

Inquire

43

From mid $500’s

39

From $200’s

T7

From $300’s

T15

•

$487,500

45

•

Inquire

7

$799,990

IBC

Inquire

2,44

By Appointment

IBC

Inquire

IBC

•

Inquire

41, 47

•

From $400's

43

•

Inquire

41, 47

•

$580,000

IBC

•

•

• •

• • •

•

townhome

Condo

Bungalow

semi

Location BuiLder/deveLoper name Site name

detached

#Beyond tHe City

priceS

page

oakville

Mattamy Homes mattamyhomes.com

The Preserve

•

Inquire

IBC

oakville

Mattamy Homes mattamyhomes.com

The Preserve Woodland Estate

•

Inquire

IBC

paris

Losani Homes losanihomes.com

Simply Grand

• •

Inquire

2,44

paris

Losani Homes losanihomes.com

The Peninsula

• •

Inquire

2,44

pickering

Mattamy Homes mattamyhomes.com

Seaton Whitevale

•

•

Inquire

IBC

pickering

Mattamy Homes mattamyhomes.com

Seaton Taunton

•

$400,000

IBC

pine valley & teston

Lindvest Lindvest.com

Klein Estates

•

Inquire

11

richmond Hill

Mattamy Homes mattamyhomes.com

Richmond Green

•

$845,000

IBC

St catharines

Mountainview Homes mountainviewhomes.com

Elements

Inquire

43

Stoney creek

Branthaven Homes casaditorrecondos.com

Casa Di Torre

From $300’s

41, 47

Stoney creek

Losani Homes losanihomes.com

Fallingwater

From $600’s

2,44

West Brampton

fieldgate Homes fieldgatehomes.com

Valleylands

•

Mid $900’s

7

Whitby

delta rae

Natura by the Forest

•

Inquire

T7

Whitby

Mattamy Homes mattamyhomes.com

Queen's Common

•

$499,000

IBC

Welland

Mountainview Homes mountainviewhomes.com

Sparrow Meadows

•

•

Inquire

43

Welland

Mountainview Homes mountainviewhomes.com

Timberwood Estates

•

Inquire

43

Winona

Branthaven Homes branthaven.com

Life

Inquire

41, 47

Winona

Branthaven Homes branthaven.com

Winona County

Inquire

41, 47

•

•

• •

•

• •

•

nexthome.ca 65

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COC MOI N MGI NSGO O SO NO. N .

C O M– I N– G SOON. C OICT M N A CAO C L LOEL CT LE OINN I OG ONFS– OO CFO LA C SL. SA ISCS IACNADN D LNEWSCT NNOOD CSLN SI E I CPA NKDR U RU BR AA B NACTO NO LW TO NI N SI O– ID WFONW VAISESVW WAR PA . K. A RCBOALNL ETO CTWI ONNS O LW A SNSSI VCI EAW N DPA R K .

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a awalk walk athe walk in inthe apark inwalk the park in thepark park

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ISSUE Nº 5: NOW SELLING

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