NH - NewHome + Condo Guide - GTA - February 15, 2020 by NextHome

Greater Toronto Area Feb. 15–29, 2020

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

INSIDE:

HOUSING SUPPLY NUMBERS DON’T LIE

THE BENEFITS OF LIVING VERTICALLY

Itâ&#x20AC;&#x2122;s A Celebration.

Subway Connected Community.

Vibrant. Modern. Urban Living.

Coming Soon to the South VMC.

In the Heart of Downtown Vaughan.

Walkable. Accessible.

Altree @AltreeDev � Feb 8

w o n # ding tren

National Homes @nationalhomesca � Feb 6 Only a handful of homes remain at The Forest Bradford. Don’t miss out on these breathtaking ravine homes on 40’ lots - Register now! nationalhomes.com/the-forest-bra… #nationalhomes #youaretheblueprint #community #bradford #theforest #potterybarn

The concept of work is synonymous with the concept of friendship [and that] is super important to us.” Check out our second episode of #WithAltree, out now! #AltreeDev

In2ition Realty @In2itionRealty � Feb 3 The BILD Chair’s Award of Merit When exceptional teamwork is recognized! Congratulation to the entire team @debbiecosic, Laurie Payne, Scott McLellan, @AlanaDG, @brecarey, Sue Mackay, & Remo Agostino for this award on the success of Building Answers 1.0 campaign! #BildGTA

Tridel Condos @tridel � Feb 10 Considering a move to your ﬁrst #condo home but want to know more about #condoliving? Our helpful resource page has tons of information to help: http://bit.ly/2Uzerza

Menkes Developments @MenkesLife Happy Friday! Today’s #ConstructionUpdate features Sugar Wharf Where life is sweetest

N PE O W O N

NOW OPEN Luxury Suites from the mid $600s Bijou is situated in the heart of charming Bloor West Village. Just steps away from the subway and right next door to a wonderful world of boutique shops and restaurants, Bijou blends sleek modern design with grand Parisian style. For a limited time, enjoy an array of excellent incentives. CLOSING COSTS WAIVED • NO DEVELOPMENT CHARGES •

NO TARION ENROLMENT FEES • NO ADMINISTRATIVE FEES

Presentation Centre 2450 Bloor Street West 416.862.0888 | bijou@plazacorp.com

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 CONTRIBUTING EDITORS

STAT CHAT | BEN MYERS Ben Myers is President of Bullpen Research & Consulting. Ben provides pricing recommendation, product mix, and valuation studies on new residential housing developments for builders, lenders and property owners. www.bullpenconsutling.ca

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

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

Gary Chilvers Vi Nguyen DISTRIBUTION

distributionteam@nexthome.ca ACCOUNTING INQUIRIES

accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs GRAPHIC DESIGNER & ASSISTANT MANAGER

Alicesa Pullan

LEGALLY SPEAKING | JAYSON SCHWARZ Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. He can be reached by visiting schwarzlaw.ca or by email at info@schwarzlaw.ca or phone at 416.486.2040.

GRAPHIC DESIGNER & PRE-PRESS COORDINATOR

Hannah Yarkony GRAPHIC DESIGNERS

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

INSPIRATION | SARA DUCK With more than a decade of experience in the magazine world, Sara Duck brings her passion for writing and expert eye for what’s on trend to our pages.

nexthome.ca Advertising Call 1.866.532.2588 for rates and information. Fax: 1.888.861.5038 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. Copyright Notice All copyright and other intellectual property rights in the contents hereof are the property of NextHome, and not that of the individual client. The customer has purchased the right of reproduction in NextHome and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of NextHome. Contents of this publication, in hard copy format as well as online, are covered by copyright law, and offenders will be prosecuted. Copyright 2020 All rights reserved. Reproduction, storage in a retrieval system or transmission, in any form or by any means, whether electronic, mechanical or otherwise, in whole or in part, without prior written permission of NextHome is strictly prohibited. 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.

6 New Home + Condo Guide | Feb. 15–29, 2020

EDITOR’S NOTE

HEATING UP

SUSAN LEGGE EDITOR-IN-CHIEF New Home + Condo Guide EMAIL: susan.legge@nexthome.ca TWITTER: @SusanLegge

WANT MORE NEWS IN YOUR INBOX? Sign up for our newsletter to receive the latest highlights by visiting nexthome.ca/subscription.

+ get social

We have included a ton of market research and forecasting in this issue, that quite frankly, it’s a bit overwhelming. Where are prices headed in the pre-construction market? Is supply going up or down? What about the resale market? It’s difficult not to allow such predictions to influence your decision-making process. For many, it can be a key reason to hold off on buying a home and fence-sitting. What’s clear to me after reviewing the research is this: the market is heating up, and prices are rising, particular in the condominium market. For reference, take a look at the Urbanation numbers on page 16 — condo sales for 2019 were the third highest on record, with the 905 area taking the bulk of the sales across the entire GTA, according to experts of this Toronto-based market research firm. The 905 region is a hot area for buyers, particularly millennial first-time buyers who want to be within easy commuting distance of the city, and that will continue this year thanks to the number of new openings and releases. Last year’s sales numbers from Building Industry and Land Development Association’s (BILD) are also telling (see page 30) regarding the hot factor of condominiums according to market intelligence from Altus Group. Their numbers indicate sales were up 27 per cent from 2018 and were 16 per cent higher than the 10-year average. In December 2019, BILD recorded that the benchmark price of condo apartments was up 15 per cent over the last 12 months, sitting at $916,585, while the benchmark price of a single-family home was down 4.6 per cent, at $1,088,317. More on these numbers, and the importance of meeting the demand for housing in the GTA with supply, is explained in this issue’s BILD Report beginning on page 26. Furthering the supply and demand conversation from a resale market perspective, take a look at Ben Myers’ column on page 34. He includes job and population growth in the upcoming year, and concludes the market is “dare we say it’s hot again”. There’s a lot to take in, so without further ado, we hope you enjoy this issue. Drop us a line and let us know what you think!

Interact with us on social media: nexthome

8 New Home + Condo Guide | Feb. 15–29, 2020

Live Exceptionally.

Coming Soon to Bayview & Royal Orchard An incredible collection of elegant luxury condos, Royal Bayview offers home-sized suites overlooking the private Ladies’ Golf Club of Toronto in Thornhill. This is an exclusive opportunity to live in a community lavishly designed to be sumptuous and serenely modern.

LUXURY CONDOMINIUM RESIDENCES STARTING FROM $1.2 MILLION REGISTER NOW AT TRIDEL.COM TO SCHEDULE A PRIVATE APPOINTMENT ©Tridel 2020. ®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. Royal Bayview, the condominium development, is not affiliated with Ladies’ Golf Club of Toronto. E.&O.E. February 2020.

Feb. 15 - 29, 2020 | volume 29, issue 4

Contents Cover Story

22 Fieldgate Homes discover upper valleylands on the caledon/brampton border

10 New Home + Condo Guide | Feb. 15–29, 2020

Property Profile 6

Altree Developments— #ForestHill a new boutique community is coming soon

#BeyondtheCity

49 #insideTheGTA The latest news, numbers, trends and events

34 stat chat The resale market is red-hot, again

by susAn leGGe

urbanation Wire Third highest year on record for GTA new condo sales

26 bilD Report The numbers don’t lie. Now is the time to fix the GTA housing supply

GTA new-home sales rally in 2019

The best in kitchen and bath design!

62 inspiration A cool collaboration unveiled at this year’s Interior Design Show

by ben myeRs

by DAve Wilkes

30 Trending

Decorating on-trend even when it seems impossible

45 nkbA Design + industry Award Winners

#InsidetheGTA 12

43 Design Advice

legally speaking

by sARA Duck

What is a special assessment?

In every Issue

by JAyson scHWARz

condo Pro

42 Glossary

The benefits of living vertically

by bARbARA lAWloR

59 Hot Properties sWo

Trending

64 index of Advertisers

Meet Habitat for Humanity Canada’s new CEO

contributors Hot Properties GTA

66 What’s online nexthome.ca 11

#InsidetheGTA by SUSAN LEGGE

GTA

AND THE WINNER IS...

11 yoRkViLLE picked up the Gold Award for Best Multi-Family Community of the Year from the National Association of Home Builders last month, its most prestigious award. Sited right across from the new Four Seasons Hotel & Residences in Toronto, the project was up against competitors from across Canada and the United States, including Texas, Washington. The mixed-use community is a partnership between RioCan, Metropia and Capital Developments. Register now at 11yorkville.com

Google announces offices in Toronto and Waterloo Google announced the expansion of its Canadian presence with plans to build three new offices in Waterloo, Toronto and Montreal adding up to 5,000 employees to the Canadian workforce by 2022. In downtown Toronto, the company plans to occupy space at the new 65 King East Tower. Located in the St. Lawrence neighbourhood, 65 King East is steps from the financial core at King & Yonge, and is less than a 10-minute walk to Union Station. In Waterloo, as part of the same announcement, Google said it will be launching the first ‘Google for Startups Accelerator’ in Canada. “Google is committed to helping the Canadian startup ecosystem thrive by investing in an Accelerator in Waterloo,” says Steve Woods, Canada Engineering and Waterloo Site Lead. “As the Toronto-Waterloo 12 New Home + Condo Guide | Feb. 15–29, 2020

corridor continues to be a global centre of tech talent and innovation, it’s the perfect place for us to expand our footprint and help grow the next generation of founders in Canada.”

Google CFO Ruth Porat (left) and Canada VP Sabrina Geremia discuss Google’s growth in Canada at the Google Toronto office.

DiD you know?

Less than 150 first-time buyers in the GTA applied for federal assistance through CMHC’s First-Time Home Buyer Incentive last year. The average loan in Ontario averaged $20,000 according to a parliamentary report.

Buying intentions dip but desire to own is still strong Fewer GTA households are planning to buy homes in 2020, according to an Altus Group FIRM Survey that was conducted in late 2019. Home-buying intentions among renters – the primary pool for potential first-time buyers – had shown some recovery in late 2018 yet softened again by late 2019, according to the survey. Those who currently own a home also expressed less willingness to buy in the next year than in the previous year. Their reasons? Growing uncertainty with respect to the economic and job outlook, along with affordability concerns as prices started to rise again, likely played a role in dampened home-buying intentions, said the report. The good news is that the desire for homeownership remains strong among renters under 45 years of age, with 1 in 3 saying they are still saving for a downpayment on a home and only about 1 in 9 indicating they prefer the renter lifestyle.

Expert line up at 2020 GTA Home & Reno Show The 2020 GTA Home and Reno Show runs from February 14-17, 2020 at the International Centre in Mississauga, and includes a power-packed lineup of speakers. Celebrated influencer, real estate investor, and host of HGTV’s award-winning series Income Property, Scott McGillvray, will be speaking at the main stage of the show on Saturday, Feb. 15, at noon. Desta Ostapyk will be presenting “Create Your Space Your Way” at the main stage on Monday, February 17th, at 2 pm. A Toronto-based designer that started in the film industry, Desta worked on over 100 episodes as off-camera lead designer on Love It or List It. Visit torontohomeshows. com for more details and the full lineup of speakers.

Cortel Group tests new app offering instant mortgage pre-approval at sales offices VersaBank is initiating beta-testing on its newly developed high-volume mortgage software app with the Cortel Group, one of Canada’s largest home and condominium builders. The app is called Direct-Connect and it was designed to facilitate and significantly reduce the lengthy finance approval process typically experienced by home buyers when visiting home and condo pre-construction sales offices, according to a press release sent out by VersaBank. VersaBank’s Direct-Connect is designed to assist builders with their pre-sales process. Sales offices will be provided with a device preloaded with the Direct-Connect software app and with a few easy steps, purchasers will know on the spot if they are pre-approved for financing and for what amount. “Innovation is vital to the ever-changing and dynamic housing and development industry,” said Mario Cortellucci, President & CEO of the Cortel Group. “A key driver for future growth is the financial sector’s ability to provide consumer-based services which facilitate financial transactions in a more friendly and accessible manner. The Cortel Group is a willing partner in the research and development of new applications which enhance customer experience.”

nexthome.ca 13

Losani Homes @LosaniHomesLtd � Feb 10

w o n # ding tren

PLAZA @pureplaza � Feb 11 A beautiful high rise that catches your attention. The Encore at the Theatre District illuminates the night sky from all angles.

Limited Release in Lower #StoneyCreek! Be a part of an Established Community, 1 single & 4 semis starting from the $600’s. Stop by the Sales Oﬃce at 1809 Rymal Rd E, #HamOnt , or visit http://LosaniHomes.com for details. #Ridgeview #Winona #LosaniHomes #NowOpen #realestate

Mountainview Homes @MountainviewHms � Feb 7 Many of Niagara’s wineries are small and produce limited batches of wines that you may have enjoyed in a restaurant but can’t ﬁnd on retail shelves. What a great reason to visit! While here, stop by our show homes/sales centres. You may just want to move here! #newhomes #niagara

Andrew Brethour @PMABrethour � Feb 6

BILD @bildgta � Feb 6 We were pleased to join @SteveClarkPC and @KingaSurmaMPP at Queen’s Park yesterday to discuss opportunities to invest in transitsupported housing. It’s part of the solution to the GTA’s need for more housing supply and employment spaces. #topoli #ONpoli

14 New Home + Condo Guide | Feb. 15–29, 2020

We are very proud honoured and excited to a part of the Kaneﬀ family and this fabulous project Keystone Condos ! VIP LAUNCH of Phase 2 #kaneﬀ #keystone #gtacondos #newconstruction #the6ix #mississauga

COMING SOON â&#x20AC;¢ REGISTER NOW FOR VIP ACCESS

Live where the energy is at Central Park in Hamilton. Shops and services are right around the corner on Rymal Road, while the Park itself and the Eramosa Karst Conservation Area are a short stroll away. At Midtown, you can choose from stylish urban towns with a 2 or 3-storey address.

BEAMSVILLE | BRANTFORD | CALEDONIA | HAMILTON | PARIS

LosaniHomes.com

Urbanation wire

Third highesT year on record for GTA new Condo SAleS Urbanation Inc., a leading source of GTA condo market information and analysis, reported that new condo sales recorded the third highest level on record last year. GTA sales grew by 27 per cent in 2019 to a total of 25,097 units,, with activity surging in the final months of the year. A total of 8,044 units were sold in Q4-2019, 38 per cent higher than the same period a year ago, nearly matching the record high reached in Q42017 (8,755). A 75 per cent share of the 23,953 units brought to the presale market by developers in 2019 were sold (up from a 63 per cent share of new launches in 2018), averaging a selling price of $967 per sq. ft. (a 4.7 per cent increase from 2018). Unsold inventory at year-end declined by 4.8 per cent to 13,373 units, which remained below the 10-year average of 15,907. Against current demand levels, new condo inventory fell to 6.4 months of supply — substantially below what is considered to be a balanced level at 10 months. As a result, pricing for available units climbed to a record high $1,073 per sq. ft. — a 9 per cent annual increase that followed a 50 per cent two-year increase between 2016 and 2018, effectively leading to a doubling of new condo prices over the past decade. A total of 18,232 units were sold in projects that launched in 2019 — up 17 per cent compared to new launches sold in 2018. While this provides a good indicator of growth in demand from investors, who tend to be most prevalent 16 New Home + Condo Guide | Feb. 15–29, 2020

within newly launched projects, sales within preexisting projects in development that launched prior to 2019 grew even stronger with a 70 per cent jump to 6,865 units, providing evidence of a rebound in demand from end-user buyers as well. By region, the strongest source of growth was in the 905, which comprised their largest share of GTA sales on record in 2019 at 42 per cent, recording a 72 per cent rise in activity last year. New launches in the 905 averaged a selling price of $795 psf, which was 28 per cent below the 416 average of $1,108 Meantime, former City of Toronto new condo sales fell by 15 per cent to their lowest level since 2013 and recorded their lowest share of GTA sales on record at 31 per cent, providing a clear illustration of how the diminishing number of high-rise development sites are impacting prices in the core and the distribution of activity across the GTA. By submarket, activity was

heavily concentrated in the city centres of Vaughan and Mississauga, which combined for 4,172 sales in newly launched projects (23 per cent share) in 2019, averaging nearly identical selling prices of $834 and $857 psf, respectively. Within the 416, the top submarkets were North Midtown (i.e. Yonge & Eglinton), Downsview, and Downtown East, which together sold 2,757 units in new launches that averaged selling prices between $931 and $1,230 psf. The level of condo completions in 2020 is expected to be one an important factor for the GTA market this year. After years of low completions and strong construction starts, the number of units under construction at year-end 2019 soared to a record 78,112 units — rising by more than 20,000 units over the past two years. The approximately 29,500 scheduled for completion this year will double the level completed in 2018 and will far surpass the previous high set in 2014 (21,000).

annUal new condo apartment sales grater toronto area: 2010-2019 35,000

5-yr. avg.

30,000

10-yr. avg.

25,000 20,000 15,000 10,000 5,000 0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Source: urbanation inc.

in a minute youâ&#x20AC;&#x2122;re exactly where you want to be

life, in a liberty market minute Coming early 2020-refined urban condos, on top of the Liberty Market Building Rising 28-storeys on top of the Liberty Market Building, featuring 281 refined urban suites, Liberty Market Tower stands as the core pillar of Liberty Village. Thoughtful architectural intention brings together the best of historic cachet with vibrant designs securing the cohesive commitment to the past and the present. More than a condo, living here is a complete lifestyle.

PROPERTY PROFILE

Boutique Condominium Comes to toronto’s Coveted Forest Hill NeigHBourHood Altree Developments offers an unparalleled approach to real estate development. Committed to challenging the status quo, the firm’s mission is to create innovative projects that build upon the culture within each of their communities. Forest Hill Private Residences, Altree Developments’ latest project will be a true testament to this vision; a timeless luxury building located in the heart of Toronto’s most coveted neighbourhood, Forest Hill. Located at 2 Forest Hill Road, the boutique mid-rise building redefines the standards of luxury living with nine-storeys and approximately 90 residences. A combination of townhomes and condominiums, suites will span from approximately 750 to over 2400 square feet with prices ranging from $1.8 million to over $6 million. The timeless interior of the building is designed by the industry’s best-in-class designers and architects and will include floor-to-ceiling windows, 10-foot ceilings and top-of-the-line finishes. Designed to offer unique indoor and outdoor spaces, most suites located from the third to ninth floors will have expansive terraces with grand outdoor exposure, providing an incomparable living experience in the city. “We understand that the meaning of home is different for every individual,” says Zev Mandelbaum, President and Chief Executive Officer of Altree Developments. “This is 18 New Home + Condo Guide | Feb. 15–29, 2020

why each unit in Forest Hill Private Residences provides a truly tailored experience. We’re dedicated to creating a space full of life that fits each residents’ need – a place that they will call home for years to come.” Forest Hill Private Residences overlooks the thriving strip of St. Clair Avenue West and the tree-lined streets of Forest Hill Road. In addition to the proximity to everyday necessities and

entertainment, the building will house its own impressive selection of concierge and amenity services, including a full-service gym with personal trainers, yoga and pilates instructors, nutritionists and massage therapists, as well as wine cellar concierge services. In 2019, the real estate market in Toronto saw a growth of 12.6 per cent. This year, prices in Toronto are expected to experience an …cont’d on pg. 20

…cont’d from pg. 18

increase from 4 to 7 per cent. Despite this surge, the demand for luxury housing has been growing in Toronto with a 26 per cent increase in sales from 2018 to 2019. Nestled in one of the city’s most coveted areas to live and raise a family, the former village has maintained its status as a notable location for decades due to its unique heritage, culture, and robust community offering. The area is a landmark destination for beloved restaurants and boutiques and is near some of the city’s most prestigious schools, including Upper Canada College and The Bishop Strachan School. Forest Hill Private Residences is a new landmark project that will add to this coveted neighbourhood, providing residents with a newfound feeling of coming home. Forest Hill Private Residences is now accepting registrations. To learn more about this iconic project and register, please visit ForestHillResidences.com.

LOCATION Toronto DEVELOPER Altree Developments DEVELOPMENT Forest Hill Private Residences HOME TYPE Highrise SALES CENTRE Coming soon CONTACT ForestHillResidences.com

20 New Home + Condo Guide | Feb. 15–29, 2020

WE'RE EVERYWHERE

you want to live

Pottery Barn model home, Bradford

NOW OPEN BRADFORD - Ravine Lot Detached Homes from the mid $800’s

EAST BRAMPTON - Three Rivers Parkland Townhomes from $680’s

BURLINGTON - Tyandaga Heights - Traditional Towns on Brant Street

BURLINGTON - Midrise Condominium and Townhomes on Plains Road

nationalhomes.com

* Prices and specifications are correct at press time and are subject to change without notice. E.&O.E.

National has bright ideas for living

Cover Story

FIELDGATE HOMES ANNOUNCES A NEW RELEASE MARCH 28 AT UPPER VALLEYLANDS – CALEDON/BRAMPTON BORDER Fieldgate Homes’ first big release of 2020 is coming soon to the Caledon/Brampton border! This acclaimed family community is the perfect place to make your new home dreams come true this year. This is just one of 22 New Home + Condo Guide | Feb. 15–29, 2020

many Fieldgate Homes releases scheduled for the first half of 2020. Read on to discover the exciting opportunities in highly sought after neighbourhoods across the GTA. Once you find the community you love, visit Fieldgatehomes.com to

register for more information! Located at the southwest corner of Mayfield Rd. and Chinguacousy Rd., Upper Valleylands brings the signature look and feel of Fieldgate Homes’ celebrated Valleylands community to a

“

Fieldgate Homes’ first big release of 2020 is coming soon to the Caledon/ Brampton border! This acclaimed family community is the perfect place to make your new home dreams come true this year.

”

new highly desirable location on the Caledon/Brampton border. Discover a beautiful selection of freehold townhomes and 25 ft. semi-detached homes from the upper $500s and 41, 38 and 30 ft. singles from the upper $700s. Homebuyers will love Upper Valleylands spectacular master planned community design, which includes 30 acres of green space, community parkland and a proposed elementary school.

STOUFFVILLE — NEW rELEaSE COMING SOON!

Following the huge success of our initial release, Cityside will return with a New Release that features many of our best-selling home designs. Cityside offers traditional and contemporary freehold townhomes from the upper $500s, as well as 36 and 40 ft. detached homes from the upper $700s. This is your chance to make your dream home come nexthome.ca 23

“

Blue Sky currently offers 40 and 50 ft. detached homes up to 4,000 sq. ft. in a private court and on a ravine woodlot.

”

24 New Home + Condo Guide | Feb. 15–29, 2020

true in an incredible community setting, just minutes from all amenities. Cityside is located just minutes from Markham, Hwys. 404 and 407, and the Stouffville GO Station. You can preview our upcoming release before sales begin by visiting the Presentation Centre at 12466 Ninth Line, at the northwest corner of Ninth Line and Millard Street. While visiting, you can also explore homes in the popular Blue Sky community. Blue Sky currently offers 40 and 50 ft. detached homes up to 4,000 sq. ft.

in a private court and on a ravine woodlot. Blue Sky’s detached homes are priced from the low $1 millions. KLEINBUrG — NEW rELEaSE THIS SPrING aT NEW KLEINBUrG

Register today for your chance to be first in the New Release in this wildly popular community. New Kleinburg is a new collection of inspired family residences in a beautiful community setting just moments from the heart of Kleinburg. With the future Hwy.

“

Whitby Meadows has been one of the eastern GTA’s most popular communities since it first opened a few years ago.

427 extension just minutes away, a new community school, and excellent urban amenities close at hand, life in Kleinburg has never been more convenient. This new release will introduce new 30, 38, and 44 ft. detached homes. Choose from traditional and contemporary home exteriors for an elegant residence that reflects your personal style. 50 ft. detached homes are available also. Register today to learn more. rICHMOND HILL — NEW rELEaSE COMING SOON TO rICHLaNDS

Richmond Hill’s acclaimed Richlands community returns in 2020 with a New Release! Located adjacent to Richmond Green Sports Park, Richlands won the hearts of GTA homebuyers in its previous releases thanks to the community’s beautiful collection of homes and remarkable community vision. The New Release will include freehold townhomes from the upper $800’s, 28 ft. semis from the upper $1.1 millions, 36 ft. singles from the mid $1.6 millions and 43 ft. singles from the upper $1.7 millions. Homes are scheduled to close this fall and there are a few homes available with 30 to

”

150-day closings. Both traditional and contemporary designs are available. The perfect balance of beautiful home designs, exceptional location and inspired community plan has already earned Richlands award-winning status at the BILD GTA Home Builder’s Awards. Register today to learn more. WEST WHITBY — ParK VISTa aT WHITBY MEaDOWS WILL rETUrN THIS SPrING

Whitby Meadows has been one of the eastern GTA’s most popular communities since it first opened a few years ago. This is a masterplanned community that offers west Whitby’s best lifestyle, close to shopping, restaurants, Iroquois Park Sports Centre, Whitby GO Station, excellent schools and more. This New Release will offer an exceptional selection of 30, 36, and 42 ft. single detached homes in west Whitby’s finest natural setting. Register today to learn more. For more information on any of these remarkable communities, sales centre locations, phone numbers and floor plans, visit Fieldgatehomes.com today! nexthome.ca 25

ADVICE | bIlD rEport

numbers Don’t lie noW is the time to fix the housing supply problem in the Gta

Dave Wilkes

Every month the BILD reports on new home sales in the GTA. This data is collected and compiled by the Altus Group and provides us with important information on how many new homes were sold, the average asking price and the remaining number of new homes in builders’ inventory. It is an important tool that gives those involved in housing, real estate and development real time insight on how government housing regulations, fiscal policy, economic 26 New Home + Condo Guide | Feb. 15–29, 2020

conditions and consumer confidence influence the housing market in the region. BILD recently released the 2019 year end new homes sales data, showing that GTA new home sales rallied from the 22-year low of 2018. Overall in 2019, there were 36,471 new homes sold in the GTA. Only 24,855 new homes had been sold the previous year, which made 2018 the year with the lowest number of new home sales in the GTA since 1996. There were 26,948 condominium apartments, including units in low, medium and high-rise buildings, stacked townhouses and loft units, sold in 2019, up 27 per cent from 2018 and 16 per cent above the

10-year average. Single family homes, including detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses), accounted for 9,523 new home sales, up 157 per cent from 2018 the lowest year for new single-family home sales since comprehensive tracking started in 1981 but still 30 per cent below the 10-year average. So what do these numbers mean? At first glance it looks like new home sales were solid for 2019, but that was not the case. That’s what happens when the market recovers from the 22-year low of the previous year and new home sales remain 30 per cent below the 10-year average. What …cont’d on pg. 28

“

On average it takes 10 years to build a typical high-rise project and 11 years to complete a low-rise project in the GTA.

…cont’d from pg. 26

we saw in 2019 was a release of pent up demand from 2018. We need to keep our focus on is increasing housing supply, making sure that there’s a solid inventory base to ensure that housing prices remain stable. Consumer demand has not diminished, in fact as the region continues to grow we can be sure it will remain robust and we must make housing more affordable for the average person living in the GTA by eliminating barriers and build homes faster. We have to accept that demand will continue to increase, and both the building industry, municipal governments, and the provincial government must work together to keep all types of housing (rental and ownership) within reach. On average it takes 10 years to build a typical high-rise project and 11 years to complete a low-rise project in the GTA. New homes must be built faster. Layers of 28 New Home + Condo Guide | Feb. 15–29, 2020

”

bureaucracy, outdated zoning, and complex policies and procedures have created barriers to the efficient operation of the housing market that have resulted in a generational shortfall of housing. These obstacles have delayed the development of new homes, and have contributed to the increase in housing costs experienced over the past decade. In addition, demand for new housing has increased as the Greater Toronto Area has become one of the most desirable places to live. The GTA is the fastest growing region in North America with an estimated 115,000 new residents arriving every year. The population of the GTA is set to grow by 40 per cent or an estimated 9.7 million people by 2041, that timeline is not far away. In 2019, the Ontario government announced the Housing Supply Action Plan in May of last year, representing the first major step

by any provincial government to address the supply challenges facing the housing market and their effects on affordability. The proposed changes also acknowledge the cumulative effect that taxes, fees and charges have on housing affordability. Land transfer taxes, HST, parkland fees and development charges collectively add $124,000 to the cost of an average new condo in the GTA and $222,000 to the cost of an average new singlefamily home. This is not a time for small plans. The numbers don’t lie. This year, all levels of government and our industry must continue to work together so we can fix the housing supply problem in the GTA. 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 trusted source Did you know… 59

56 54

54 54

52 53

(journalism)

50 51

2012

2013

2014

2015

-2

platforms

2016

2017

2018

Average trust in traditional and online-only media Average trust in search engines and social media platforms

Source: 2018 Edelman Trust Barometer. COM_MCL. When looking for general news and information, how much would you trust each type of source for general news and information? Please use a nine-point scale where one means that you “do not trust it at all” and nine means that you “trust it a great deal.” (Top 4 Box. Trust), question asked of half of the sample. General population, 25-country global total. Journalism is an average of traditional media and online-only media. Platforms is an average of search engines and social media.

Your trusted authority for the latest real estate news and trends nexthome.ca 17

trending

GTA new home sales rally in 2019 In 2019, GTA new home sales rallied from the 22-year low of 2018, the Building Industry and Land Development Association (BILD) announced recently. Overall in 2019, there were 36,471 new homes sold in the GTA, according to Altus Group, BILD’s official source for new home market intelligence. Only 24,855 new homes had been sold the previous year, which had made 2018 the year with the lowest number of new home sales in the GTA since 1996. There were 26,948 condominium apartments, including units in low, medium and high-rise buildings, stacked townhouses and loft units, sold in 2019, up 27 per cent from 2018 and 16 per cent above the 10-year average. Single family homes, including detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses), accounted for 9,523 new home sales, up 157 per cent from 2018, which was the lowest year for new single-family home sales since comprehensive tracking started in 1981, but still 30 per cent below the 10-year average.

A busier than normal December contributed to the pick-up in new home sales in 2019. There were 2,371 total new home sales in December 2019. This included 1,871 new condominium apartment sales, up 132 per cent from December 2018 and 63 per cent above the 10-year average. Single-family home sales, with 500 units sold in December, were up 214 per cent from December 2018 and 13 per cent below the 10-year average. “The improvement in new singlefamily home sales in 2019 was aided by the narrowing of the price gap between new single-family homes and new condominium apartments, as well as fewer competing options in the resale home market as inventories were whittled down,” said Patricia Arsenault, Altus Group’s Executive Vice President, Data Solutions. “The 2019 performance in the new single-family home market, however, needs to be put in perspective – sales were still very low in historical terms, as available product to purchase remains limited, in particular at price points that are affordable to a broader range of buyers.”

In December, the benchmark price for new condo apartments was $916,585, which was up 15 per cent over the last 12 months, and the benchmark price for singlefamily homes was $1,088,317, which was down 4.8 per cent over the last 12 months. With no new projects launching in December, as is common for the time of year, remaining inventory decreased compared to the previous month, to 17,116 units, consisting of 12,280 condominium apartment units and 4,836 singlefamily homes. Remaining inventory includes units in preconstruction projects, in projects currently under construction, and in completed buildings. “In 2019, the Ontario government took important steps to address housing supply and affordability with the introduction of its Housing Supply Action Plan and related legislation,” said David Wilkes, BILD President & CEO. “This year, all levels of government and our industry must continue to work together to transform our planning system so we can fix the housing supply problem in our region.”

december new Home SaleS by municipality: ** december 2019

condominium apartmentS

region

2019

2018

2017

2019

2018

2017

2019

2018

2017

durham

110

134

Halton

163

118

209

peel

176

144

116

292

188

1,263

446

406

1,284

452

414

york

336

137

195

207

543

186

249

gta

1,871

806

870

500

159

132

2,371

965

1,002

toronto

Source: Altus Group **Historical data are subject to revisions. 30 New Home + Condo Guide | Feb. 15–29, 2020

#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 31

SOLVING THE HOUSING AFFORDABILITY EQUATION IN THE GTA With the GTAʼs population growing by 115,000 people every year and our housing supply problem, our housing market is out of balance.

THE MATH IS SIMPLE.

simpler

+faster +fairer

We must streamline the process of bringing new homes to market.

We must shorten the time it takes to build new homes.

We must ensure that fees, taxes and charges on new homes are fair and equitable.

MORE HOUSING SUPPLY AND A MORE AFFORDABLE MARKET

THATʼS WHY WE SUPPORT THE PROVINCIAL GOVERNMENTʼS EFFORTS TO INCREASE HOUSING SUPPLY AND BALANCE THE HOUSING MARKET IN ONTARIO AND THE GTA.

BUILDING A BETTER GTA FOR TOMORROW, TODAY To ﬁnd out more visit bildgta.ca/themathissimple *Altus Report – 2019. Creative by

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ADVICE | stAt ChAt

REsalE MaRkEt is Hot AgAin! Ben myers

In January of 2020, resale property transactions in the Greater Toronto Area (GTA) increased by 15 per cent annually and the composite index price jumped by 9 per cent year-over-year, the largest annual increase since October of 2017. 34 New Home + Condo Guide | Feb. 15–29, 2020

Looks like the market is back, and dare we say it’s hot again. The biggest contributor to this price spike was the fact that new listings were down 17 per cent annually and active listings were down 35 per cent annually - a perfect example of how low supply and high demand result in price inflation. In early 2020, Engel & Völkers Americas released their 2019 Year-End Canadian Market Report. The high-end brokerage indicated

that Toronto’s housing market proved resilient in 2019, finding its footing in the second part of the year, with sellers clearly having a negotiating advantage in Q4-2019. They pointed to strong economic conditions like job growth, accelerated population growth, and low interest rates as factors tipping the scale heavily towards sellers again. The report suggested that the mortgage stress test and nonresident buyers tax had an impact

on luxury property transactions for inventory priced more than $4 million, however, the latter part of the year saw these properties start to move again. Once the ultra luxury market picks up, that’s a clear sign the market is very strong. On the flip side of the market, demand for existing condos last year was high, and there were multiple offers for much of the available product under $500,000. In other words, the entire price spectrum is booming. The local Toronto office of Engel & Völkers pointed to strong immigration supporting the housing market, and their agents are working with clients from China, Iran and Russia. There continues to be steady interest in the high-end market from this new GTA residents, including

the typical affluent communities of Yorkville, the Annex, Forest Hill, and Rosedale. They also noted that there has been a noticeable increase of interest in King Street from domestic buyers looking to downsize, with a keen interest in one-of-a-kind builds like the one by Westbank Corporation that was designed by starchitect Bjarke Ingels. Another observation by the Engel & Völkers Toronto Central office is that investor groups are pooling resources and looking outside Toronto for multi-family properties in areas like Hamilton, Burlington, and Barrie. Other driving factors for Toronto investors considering out-of-town opportunities is the lower prices, better affordability for the tenants, larger lot sizes, and more singlefamily new builds. According to Anita SpringateRenaud, License Partner at Engel & Völkers Toronto Central, “Interest rates are coming down and buyers have become acclimated to the mortgage stress test. We are seeing more private financing to get around the constraints formal banks adhere to. As a result, things started picking up in the latter part of 2019, and we expect that to continue into 2020. Home sellers are also becoming more realistic about the offers and prices they’ll receive for their properties. Because of these factors, I see the market continuing to gain traction in 2020.” The recently rebranded Toronto Regional Real Estate Board expects the average resale house price in the GTA to increase by approximately 10 per cent in 2020. According to Engel & Völkers, resale prices in the City of Toronto will increase by 4 per cent to 7 per cent in 2020 and suburban prices will rise between 0 per cent and 3 per cent this year, a more modest prediction. Many other industry experts forecasting pricing for 2020

have pointed to the return of consumer confidence in the GTA marketplace, as interest rates stay flat and population continues to grow. CMHC’s Fall 2019 Housing Market Outlook report forecast that Toronto CMA population growth of 138,000 people in 2020, with employment rising by 92,000 jobs - these are very strong results historically. In conclusion, the resale market often leads the new home market, as resale end-user sentiment leads investors and more affluent endusers to make decisions to buy or not to buy the more expensive new homes. The new condo market remained very strong in 2019 with over 26,000 sales, so the resale strength shouldn’t have a big positive impact on new condo sales in 2020. However, on the single-family home side, the resale market growth should lead to more single-detached, semidetached and townhouse sales in 2020 and more launch activity in the outer-suburban municipalities. I always like to end my articles with a reminder to only buy what you can afford, buy for the long term, and surround yourself with a knowledgeable team, which should include a local realtor, and a mortgage broker. Good luck.

Ben Myers is President of Bullpen Research & Consulting. Ben provides pricing recommendation, product mix, and valuation studies on new residential housing developments for builders, lenders and property owners. Ben’s firm produces monthly rental housing analysis and publishes a quarterly report on high-rise land values. Visit www.bullpenconsutling.ca or find him on Twitter @benmyers29

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nexthome.ca 35

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legally speaking

What is a sPECiaL assEssMENt? By Jacqueline Moneta JD with assistance froM Jayson schwarz llM

a special assessment is a demand for unit owners to pay an additional contribution to the common expenses on top of the regular monthly fees

38 New Home + Condo Guide | Feb. 15–29, 2020

Most homeowners would agree that home maintenance and unexpected repairs are a fact of life. So, why does talk of a special assessment send shock waves through a condominium? WHaT is a speCial assessMenT?

A special assessment is a demand for suite owners to pay an additional contribution to the common expenses on top of the regular monthly fees. A reserve fund is where your portion of common expenses is deposited for major repairs of the capital assets of the corporation. When the reserve fund is insufficient to cover condominium costs, the board may levy a special assessment. Your condo board may do this various reasons. Often, a special assessment is used to offset unexpected expenses or shortfalls in the budget. This may be the case in a critical year, where the reserve fund is depleted due to a scheduled improvement to the building. Alternatively, the board may have underestimated the cost of a project. Unit owners also bear the cost of litigation that results in a judgment against the condominium. If the reserve fund is depleted, the board will have to levy a special assessment to pay a judgment.

HOW MUCH DO i HaVe TO pay?

Owners pay a special assessment, as per the declaration, in the same proportion as their common expenses. Therefore, a smaller suite’s special assessment will be lower than the one paid by a larger suite. If you refuse to pay the assessment you risk the same consequences as if you neglected to pay your common expenses — it may result in a lien against the unit. A lien may affect financing, or in extreme cases, force a sale and can involve significant legal fees. aVOiDing speCial assessMenTs

A. Potential Buyers New buyers are legally entitled to a status certificate. It’s important to review this carefully as it will include information about any special assessments. It is a good idea to make your offer conditional upon a review of the status certificate. Even if you go ahead with the purchase of your unit, you may be able to negotiate a lower purchase price based on an upcoming special assessment. B. Current Owners The best way to avoid a special assessment is to ensure that there are sufficient funds in the reserve fund. As an owner, higher common expenses are not always a bad thing. The board needs to set fees high enough to cover their expenses. If fees are too low, a special assessment is more likely. However, if owners believe the rationale for the special assessment is not well founded they can requisition a meeting to force the board to discuss the issue. While the board does not have to stop the assessment, if it was the board’s own failures that caused

the assessment, then they can be voted out. In some extreme cases, owners may seek legal recourse against the board for lack of due diligence or to stop the special assessment. C. Board of Directors If you are a board member looking to avoid special assessment, then alternative methods for raising capital should be explored. A loan may place less financial burden on owners as it can be paid back over time. Check the bylaws to ensure the corporation can borrow funds. Special assessments require careful consideration by boards and owners alike. But, with adequate planning and well informed owners, condominium

buildings can be maintained for years to come. Perhaps the most difficult part of writing these articles relates not the actual writing, but thinking of a topic to address. So help us! Mail, deliver or email letters to the magazine or to us via www.schwarzlaw.ca or by email to info@schwarzlaw.ca and give us your questions, concerns, critiques and quandaries. We will try to deal with them in print or electronic form.

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nexthome.ca 39

It’s diverse Did you know…

of adults 18–29 read magazines vs. 81% who use Facebook. People of all ages read magazines — especially younger adults.

Your trusted authority for the latest real estate news and trends Sources: the Magazine Media Factbook 2018 – MPA–The Association of Magazine Media; Pew Research Center Social Media Fact Sheet, Feb 2018; GfK MRI, Fall 2017

COMING SOON TO HAMILTON

REAL ESTATE GLOSSARY AdjuSTAbLE-RATE And fixEd RATE moRTgAgES There are generally two types of conventional mortgages – a fixed-rate and an adjustable-rate mortgage. An adjustable-rate mortgage means the interest rate can change over the term of the loan. A fixed-rated mortgage simply means that the interest rate stays the same through the entire term of the mortgage and is “locked in”.

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.

ASSESSEd vALuE 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 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.

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.

CLoSing CoSTS 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.

dEbT To SERviCE RATio 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.

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.

See page 15 for more info

42 New Home + Condo Guide | Feb. 15–29, 2020

gRoSS dEbT SERviCE RATio The percentage of your gross monthly income that housing-related 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.

Design ADvice

DECORATING ON-TREND EvEN WhEN IT SEEmS ImpOSSIblE We’ve all seen the ‘Top 10’ lists of colours, wellness features and other design elements that are supposed to be key if you want to give your home a fresh, up-todate look for the new decade. But how do you do that if you’re concerned the interior in question isn’t compatible with the trend or you think its inclusion will simply be too much?

Four established, educated East Coast designers to the south of us, all members of the American Society of Interior Designers (ASID), told us of some of their favorite new trends and how easy it is to incorporate them into your decorating plan for 2020. To belong to ASID, members need to have completed rigorous design training and to refresh

their training every year. They are better than a best friend, they are educated, creative professionals whose talent, creativity and skills can positively impact the design of a home or place of business. Following are their insights: gO nATURAL & Be WeLL

Marina V. Umali, ASID, says, “The major design trend I foresee for nexthome.ca 43

the decade is incorporating natural elements into the home. I feel it is so important not only to create a beautiful look for my clients, but a calmer, healthier environment in which to live. Most people are unaware of how simple it is to do.” “I like placing such plants such as Areca palms, Boston ferns, bamboo and rubber plants in various areas throughout the house. If the client is willing to try something more original, I suggest some version of a ‘living wall,’ made of a variety of green plants or even moss, which requires little maintenance. They can fill an entire wall, be a standalone display or when framed, become an art piece.” Another trend Umali is keen on is “wellness.” “Everyone agrees that wellness and design go hand-inhand,” she says, “but they often 44 New Home + Condo Guide | Feb. 15–29, 2020

think it’s too complicated to do or won’t be pretty.” Among many of the suggestions she makes are sit/ stand desks and ergonomicallydesigned chairs. “They’ve been scientifically proven to be beneficial to one’s health, and are as perfect for the home office as the corporate one.” TecHnOLOgY

Both designers Ivee Fromkin, Allied ASID, and Karen Topjian, ASID, put technology at the top of their 2020 trends lists. Fromkin says, “I believe that we designers will increasingly include technology in our projects, an important part of each plan, whether for security, climate control, remote access, food prep or ways we don’t even know about yet. “For the client who may be

reluctant to learn about smart home technology, I’d suggest starting small with something really useful, like a simple homemonitoring system perhaps with camera security both inside and outside the home.” Bringing up another aspect of technology, Topjian says, “If one wants to update a room, start with the lighting. If you have recessed lights, change bulbs to LEDs, which will eliminate the dull, yellowish light cast from 50- and 75-watt bulbs. Use either 2700 K or 3000 K. The quality of light emitted will be brighter and crisper and fabrics and furnishings will look refreshed. Test different LEDs to see which colour (Kelvin/colour temperature) works better with your furnishings.” An added benefit of using LEDs? “Dollar savings.” …cont’d on pg. 54

2020 DESIGN INDUStRY aWaRD WINNERS

NatIoNal KItchEN & Bath aSSocIatIoN

trending

NatioNal KitcheN & Bath AssociAtion ReveAls its 2020 DesigN + iNDustry awarD wiNNers Annual competition recognizes excellence in design and execution; wood tones, sculptural elements and textural accents were among the elements featured in this year’s winning designs. Judges for the two-round competition included designers Cheryl Kees Clendenon; Peter Salerno, CMKBD; Rebekah Zaveloff, CKD; Richard Anuszkiewicz; Dawn DeLuca, AKBD, CLIPP, CAPS; Vicky Sanderson, editor, Around the House with Vicky Sanderson and DJ Carey, editorial director, CTC&G (Connecticut Cottages & Gardens). More information about KBIS can be found at www.kbis.com

Amid the glitz and glamour of the Las Vegas Strip, nearly 1,000 industry leaders, design professionals, VIPs and media attended the highly anticipated National Kitchen & Bath Association (NKBA) Design + Industry Awards on January 20, 2020, at the Encore Resort. Held annually, these awards shine a spotlight on the design professionals whose work is raising the bar in kitchen and bath design, building and remodeling, outdoor living and Living In Place. Each is a measure of excellence for this corner of the interior design world. Celebrity designer and lifestyle expert Kelli Ellis hosted the ceremonies, handing out more than 40 awards during the evening, including the design and independent showroom honorees.

to see our faves from the nKBA Design and industry Awards, sign up for our newsletter to receive our February edition at nexthome.ca

CongratuLationS to thiS year’S winnerS: beSt oVeraLL KitChen

Sarah robertSon, AKBD, Owner and Lead Designer, Studio Dearborn Mamaroneck, N.Y. Westchester Chapter Larchmont Manor Victorian

46 New Home + Condo Guide | Feb. 15–29, 2020

beSt oVeraLL bath

MiCheLLe Miazga-haLL, Founder and Principal, Port + Quarter Interiors Vancouver, British Columbia British Columbia Chapter Spyglass

ConteMPorary KitChen, Large FirSt PLaCe

Lana zePPoni MeyerS, AKBD, Kitchens Unlimited Memphis, Tenn. Tennessee Chapter College Town Contemporary (250 Square Feet and over)

ConteMPorary KitChen, SMaLL (under 250 Square FirSt PLaCe Feet)

SVetiana tryaSKina, Estee Design Toronto, Ontario Ontario/Canada Chapter Open-Plan Kitchen

nexthome.caâ&#x20AC;&#x192; 47

traditionaL KitChen, Large (250 Square and over) FirStFeet PLaCe

Sarah robertSon, AKBD, Owner and Lead Designer, Studio Dearborn Mamaroneck, N.Y. Westchester Chapter Larchmont Manor Victorian (250 Square Feet and over)

traditionaL KitChen, SMaLL FirSt PLaCe

Karen SwanSon, Owner/Designer, New England Design Works Manchester, Mass. Hardwick (under 250 Square Feet)

ConteMPorary bath, Large (250 Square and over) FirStFeet PLaCe

MiCheLLe Miazga, Founder and Principal, Port + Quarter Interiors Vancouver, British Columbia British Columbia Chapter Spyglass (250 Square Feet and over) 48 New Home + Condo Guide | Feb. 15–29, 2020

ConteMPorary bath, SMaLL (under 250 Square FirSt PLaCe Feet)

MiCheLLe Miazga-haLL, Founder and Principal, Port + Quarter Interiors Vancouver, British Columbia British Columbia Chapter Spyglass (under 250 Square Feet)

traditionaL bath, Large (250 Square Feet and oVer) FirSt PLaCe

Jenny Madden, Allied ASID, Founder, Jenny Madden Design Hoboken, N.J. Manhattan Chapter Townhouse Retreat (250 Square Feet and over)

traditionaL bath, SMaLL (underFirSt 250 Square PLaCe Feet)

dVira oVadia, Owner, Dvira Interiors Toronto, Ontario Ontario/Canada Chapter Industrial Boys Bathroom (under 250 Square Feet) nexthome.caâ&#x20AC;&#x192; 49

LiVing in PLaCe FirSt PLaCe

KendaLL anSeLL, Principal, Kendall Ansell Interiors Vancouver, British Columbia British Columbia Chapter Reed — Cote

buiLder-reModeLer FirSt PLaCe

Matthew Ferrarini, Principal Designer and Co-Founder, Ferrarini & Co. Elkins Park, Pa. Mid-Atlantic Chapter California

outdoor KitChen FirSt PLaCe

eLMa gardner, CMKBD, Owner and Principal Designer, By Design Davis, Calif. California Capital Chapter

50 New Home + Condo Guide | Feb. 15–29, 2020

Readers remember more More focused attention, less distraction Preferred by majority (even millennials)

Higher comprehension and recall

Your trusted authority for the latest real estate news and trends Source: “What Can Neuroscience Tell Us About Why Print Magazine Advertising Works?” A White Paper from MPA–The Association of Magazine Media, Scott McDonald, Ph.D. Nomos Research, October 2015

ADVICE | ConDo pro

THE BENEFITS oF LIVING VertIcaLLy BarBara LawLor

A condominium is, in essence, a vertical community – and the lifestyle it provides has many benefits and perks. In a condo, you have “built-in” neighbours who you pass in the elevators, hallways, lobby and other shared spaces – creating a sense of belonging. With suites situated under the same roof, over time you get to know your neighbours, adding to the peace-of-mind of having security 52 New Home + Condo Guide | Feb. 15–29, 2020

measures built in as well. There is a certain “safety in numbers” feeling that comes from knowing the people who live in the same residence, especially when the concierge does the same. Think of it as a form of Neighbourhood Watch, with the concierge and condo residents noticing when and if anything is amiss. Like-minded condo residents also meet each other in the amenity areas, encouraging camaraderie. There is no need to live in a low-rise community for barbecues with family and friends, when your condo rooftop has barbecue and dining facilities. Fitness rooms, swimming pools, libraries, theatres, lounges,

billiards, golf simulators… the possibilities for resting, exercising, de-stressing, socializing and entertaining are fabulous in today’s new condominiums. The amount of planning and design that go into these amenity areas is astounding. They may showcase the sleek, clean lines of a modern residence, the classic details of traditional, or something in-between. In addition to carrying through the theme of the building’s architectural styles, these spaces must be attractive and flexible in order to offer both active and quiet atmospheres. And that’s another great thing about living in a condo: you determine your own balance between social

“

If you feel more like being around people, you might choose to have a quiet chat in a lounge or library, or you may prefer the chatter and activity that go on in games rooms.

time and alone time. Feel like cocooning? Stay in your suite, sit back and enjoy the views from your home in the sky. If you feel more like being around people, you might choose to have a quiet chat in a lounge or library, or you may prefer the chatter and activity that go on in games rooms. Some condos feature a card room, which is a terrific spot for Bridge- and Canasta-lovers to gather. These groups are usually looking for additional players, which is wonderful for many newcomers to the building. In fact, some condominiums offer a recreational director whose job it is to organize group get-togethers. In order to keep things

”

humming along on a positive note, following the “golden rule” is paramount. Check the code of conduct your board of directors sets out and abide by the guidelines, which exist to protect your, and everyone’s health, safety, privacy and enjoyment. Your happiness in a condominium is up to you. To find out more about the rights and responsibilities of condominium owners, check out Consumer Protection Ontario’s website on “Owning a Condo” at https://www.ontario.ca/page/ owning-a-condo. And remember that common courtesy, respect and kindness are expected of condo owners at all times. When you think of a high-rise condominium, the opportunities for

a carefree lifestyle are remarkable, with exterior and common area cleaning, upkeep and repair handled for you through your monthly maintenance fee. Make the most of these perks, and enjoy! 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

nexthome.ca 53

…cont’d from pg. 44

LigHT sOURces

Designer Mary Catherine McCarthy, Associate ASID, also an advocate for lighting’s increased significance, says, “As the decade unfolds, I believe the use of light and its effects on our mood and health will be analyzed by scientists in depth. There will be many more developments and opportunities to create with lighting. “Lighting has become the anchor of a design plan, requiring special attention in all areas of the home,” she advises. “The play of light across walls, floors, fabrics and counters adds additional energy or calm, controlled with dimmers to attain the desired effect. “Lighting is actually becoming a sculptural artistic statement not only a functional one,” she adds. “The play of light on such materials as forged metals, glass and crystal are all artworks on their own.” FABULOUs KiTcHens

“An open floorplan of kitchen, dining and living zones is a new must for modern life’s dynamic,” Fromkin explains. “Socializing while cooking is a trend that this addresses while also increasing communication among family members and guests.” Texture will play a bigger role in the kitchen, says McCarthy, provided by patterns and most

often seen in backsplashes. “Clients are beginning to value layering on different elements to create more visual interest.” Fromkin also sees more vinyl being used on kitchen floors (and throughout the home). Unlike 1950s vinyl, today’s version is durable, moisture-resistant, comfortable under foot, less expensive and increasingly interesting with patterns reminiscent of wood, tiles and marble among other things. A new trend for large kitchens that McCarthy has adopted is the two-toned kitchen. “You could pair a navy cabinet with a woodtoned island featuring raw edges,” she suggests. Another concept is black cabinets with a white island or vice-versa. “To encourage the clean, minimalist, clutter-free look now in demand, are 2.5” – 3” thick countertops and garage doorstyle storage,” she adds. “Anything to make the workspace a new landscape for cooking, eating and foodscaping presentations is in!” MiX’n-MATcHing

Agreeing, Fromkin adds, “Comfort will be a top priority in the 2020s, along with sustainability, durability and ease of maintenance. To create a softer, more comfortable contemporary look, she recommends adding an antique you love, perhaps a family heirloom, an end table, ottoman, desk or chair. Any of these will add an eclectic feel and help to change transitional mindsets into more modern ones. “Lastly, patterned rugs and scattered cushions will subtly introduce different design eras and cultures into the space, adding interest as well,” she says. cOLOUR On THe Rise

“What comes after grey?” queries Topjian. “Grey has been popular for so long that we now have a hunger for colour! Change a colour, change the mood,” she believes. “And just a little will 54 New Home + Condo Guide | Feb. 15–29, 2020

do; try an accent wall, pillows or throws.” Citing a December 2019 article in Forbes, Mary Catherine McCarthy says she agrees that the desire to introduce more vibrant colours into the home is a new direction. Aligned with that is the comeback of wallpaper, used as an accent. She shares a recent project to illustrate these trends. Her client had recently moved into a new home, primarily grey and beige, and wanted more colour, more excitement. But she was timid as to how to accomplish this, and also experiencing “‘decision fatigue,” McCarthy began by papering the dining room’s tray ceiling in a teal blue that reflected the dining chairs’ upholstery. As the client saw the gentle progression of teal that McCarthy employed in the adjoining kitchen, then on into the foyer and finally the nearby bedroom, which is ceilinged in a companion paper to that used in the dining room and Roman shades with of the same palette, she was indeed, timid no more. As writer Anusha Atukorala so beautifully put it, “A New Year has tiptoed in. Let’s go forward to meet it.” With all the design possibilities available, the future has never been more exciting.

HOT PROPERTIES

find your next home

The latest properties in the greater toronto Area to keep your eye on e. eVermore By: Tridel City: Etobicoke in Toronto Housing type: Condo Tridel.com

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

7. iQ3 condos

G. cityside

Gta prevIew reGistration

By: The Remington Group Location: Etobicoke, Toronto Housing type: Condominium MyIQ3.com

By: Fieldgate Homes City: Stouffville Housing Type: Semis and Singles fieldgatehomes.com

1. the Vale

9. forest hill PriVate residences

By: National Homes City: Courtice Housing type: Townhome nationalhomes.com

By: Altree Developments Location: Toronto Housing type: Condominium ForestHillResidences.com

2. festiVal

10. moBilio

By: Menkes City: Vaughan Housing type: Condominium menkes.com

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

3. klein estates

11. liBerty market toWer

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

By: Lifetime Developments City: Toronto Housing type: Condominium lifetimedevelopments.com

4. Bijou on Bloor

new oPeninGs

By: Plaza City: Toronto Housing type: Condo pureplaza.com

5. WhitBy meadoWs By: Fieldgate Homes Location: Whitby Housing type: Detached fieldgatehomes.com

6. royal BayVieW By: Tridel Location: Thornhill Housing type: Condominium tridel.com

h. richlands By: Fieldgate Homes City: Richmond Hill Housing Type: Semis and Singles fieldgatehomes.com

i. Blue sky By: Fieldgate Homes City: Stouffville Housing Type: Semis and Singles fieldgatehomes.com

j. neW kleinBurG By: Fieldgate Homes City: Kleinburg Housing Type: Townhomes and Singles fieldgatehomes.com

k. three riVers claireVille By: National Homes City: Brampton Housing Type: Townhomes nationalhomes.com

a. the forest

l. edenBridGe kinGsWay

By: National Homes City: Bradford Housing type: Detached homes nationalhomes.com

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

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

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

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.caâ&#x20AC;&#x192; 55

HOT PROPERTIES | GREATER TORONTO AREA

3 J

6 2 10

B L 4 E

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

56 New Home + Condo Guide | Feb. 15–29, 2020

11 7

G I

5 1

NEW HOMES NEW CONDOS

CARTOGRAPHY: MARKETMAPS.COM

MAP LE GE N D

nexthome.caâ&#x20AC;&#x192; 57

TRENDING

New PresideNt aNd CeO announced for

Habitat fOr HumaNity canada Earlier this month it was announced that Julia Deans is preparing to take over the reins at Habitat for Humanity Canada as its new president and CEO effective February 24, 2020. After practicing law with Torys LLP in Toronto and Hong Kong, and creating a successful business in Singapore, Deans led CivicAction, Futurpreneur Canada and the task force that developed Ontario’s first-ever immigration strategy. Most recently, Deans was the founding CEO of the Canada Children’s Literacy Foundation. “Julia Deans has a wealth of experience leading organizations through growth and evolution. She is ideally posed to provide strategic leadership as we move through the development of a new fiveyear strategy for the federation,” said Ed McMahon, Board Chair of Habitat Canada’s National Board of Directors. “We’re excited to work with Julia as we grow to serve more families through decent and affordable housing.” Habitat for Humanity Canada is a national charitable organization that provides affordable homeownership opportunities for working people on low incomes. It does this through the efforts and hard work of 54 local Habitat for Humanity organizations, operating in every province and territory to build homes with the support of donors and thousands of volunteers. 58 New Home + Condo Guide | Feb. 15–29, 2020

Habitat for Humanity Canada’s new President and CEO, Julia Deans.

“I am very excited to join Habitat for Humanity Canada, which I’ve always admired for its inspiring network of committed people and partners building homes and communities across Canada,” said Julia. “I look forward to working with everyone in the Habitat family to increase affordable housing through community-driven home building and creating larger-scale and longer-term solutions to the severe housing issues faced by so many.” Habitat Canada’s previous President and CEO, Mark Rodgers, announced his resignation in the fall of 2019. Founded in 1985, Habitat for Humanity Canada is a national

charitable organization working toward a world where everyone has a decent and affordable place to call home. Habitat for Humanity brings communities together to help families build strength, stability and independence through affordable homeownership. With the help of volunteers, Habitat homeowners and 54 local Habitats working in every province and territory, we provide a solid foundation for better, healthier lives in Canada and around the world.

For more information, please visit www.habitat.ca.

HOT PROPERTIES

Find your next home The latest properties in southwestern ontario to keep your eye on 10. Winona county

sWo prevIew registration

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

1. midtoWn central park

11. homestead

By: Losani Homes City: Hamilton Housing type: Townhome losanihomes.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. community By: Branthaven Homes City: Cambridge Housing type: Townhome branthaven.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

7. tyandaga By: National Homes City: Burlington Housing type: Townhomes nationalhomes.com

9. upper West side By: Branthaven Homes City: Oakville Housing type: luxury condo branthaven.com

By: Branthaven Homes City: Mount Hope Housing type: Detached branthaven.com

neW openings a. lyonâ&#x20AC;&#x2122;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

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

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

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

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: towns and singles losanihomes.com

k. WaterWorx By: Losani Homes City: Hamilton Housing type: Townhomes losaniHomes.com

F. Brant West By: Losani Homes City: Brantford Housing type: Towns and singles brantwest.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.caâ&#x20AC;&#x192; 59

HOT PROPERTIES | SOUTHWESTERN ONTARIO AREA

KITCHENER–WATERLOO

Guelph

Waterloo Kitchener

Milton 4

Cambridge

Brantford

Hamilton

LONDON

1 11 9

London

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

60 New Home + Condo Guide | Feb. 15–29, 2020

Mississauga

MAP LE GE N D 9

NEW HOMES 6

Burlington

E D

St Catharines H

Niagara Falls I 2

Welland CARTOGRAPHY: MARKETMAPS.COM

NEW CONDOS

Oakville

nexthome.caâ&#x20AC;&#x192; 61

Caesarstone’s quartz products were really highlighted in Adler’s whimsical cloud display. While white quartz is still popular, darker-hued, dramatic quartz is trending for 2020.

62 New Home + Condo Guide | Feb. 15–29, 2020

INSPIRATION |

style file

Jonathan adler at IdS by SArA DuCk

At the 2020 Interior Design Show, American potter, designer and author Jonathan Adler teamed up with Caesarstone to create an inspiring, one-of-akind dreamy exhibit to showcase the brand’s premium quartz products.

Adler’s modern American glamour has made him one of the most iconic designers across the globe. For him, it’s all about creating luxe and livable interiors that are seriously designed but don’t take themselves too seriously.

Working with Caesarstone – both their premium products and their talented team – is fab. What could be better than using dreamy materials to create a dreamy environment? nothing. says Jonathan adler.

Adler is known for proclaiming that “minimalism is a bummer!” As we can see, perfectly highlighted in his Dreamland exhibit for Caesarstone. From different shapes and textures to pops of bright, happy colours, Adler brought his signature playful style to IDS this year.

For more information on the show, visit interiordesignshow.com. For more information on Caesarstone visit caesarstone.ca For more information on Jonathan Adler visit jonathanadler.com. nexthome.ca 63

townhome

Condo

Bungalow

Location BuiLder/deveLoper name Site name

semi

#IntheCity

detached

index of advertisers

priceS

page

Bloor West village

Plaza pureplaza.com

Bijou on Bloor

Brampton

fieldgate Homes fieldgatehomes.com

Upper Valleylands

Brampton

national Homes nationalhomes.com

Three Rivers Claireville

etobicoke

the remington Group remingtongroupinc.com

IQ3 Condos

etobicoke

tridel tridel.com

Evermore

Kleinburg

fieldgate Homes fieldgatehomes.com

New Kleinburg

Liberty village

Lifetime developments lifetimedevelopments.com

Liberty Market Tower

•

Inquire

north York

aoyuan Group aoyuaninternational.com

M2M Condos

•

Inquire

Queens Quay east

tridel tridel.com

Aqualuna

•

Inquire

richmond Hill

fieldgate Homes fieldgatehomes.com

Richlands

• •

•

Inquire

Stouffville

fieldgate Homes fieldgatehomes.com

Blue Sky

•

Inquire

7, 22, 23, 24, 25

Stouffville

fieldgate Homes fieldgatehomes.com

Cityside

•

Inquire

7, 22, 23, 24, 25

thornhill

tridel tridel.com

Royal Bayview

•

From $1.2M

toronto

altree developments altreedevelopments.com

Forest Hill Private Residences

•

From $1.8M

toronto

Menkes menkes.com

Sugar Wharf

•

Inquire

2, 3

toronto

tridel tridel.com

At The Well

•

Inquire

toronto

tridel tridel.com

Auberge on the Park

•

Inquire

toronto

tridel tridel.com

Edenbridge

•

From 900's

vaughan

Menkes menkes.com

Festival

•

Inquire

2, 3

vaughan

Menkes menkes.com

Mobilio

•

Inquire

2, 3

64 New Home + Condo Guide | Feb. 15–29, 2020

• •

•

Mid $600's

5, 67

•

Inquire

7, 22, 23, 24, 25

From $680's

Inquire

•

Inquire

•

Inquire

• •

7, 22, 23, 24, 25

Beamsville

Losani Homes losanihomes.com

Vista Ridge

Bradford

national Homes nationalhomes.com

The Forest

Brantford

Losani Homes losanihomes.com

Brant West

Burlington

national Homes nationalhomes.com

Tyandaga

caledonia

Losani Homes losanihomes.com

The Mckenzie

cambridge

Branthaven Homes branthaven.com

Community

courtice

national Homes nationalhomes.com

The Vale

Fonthill

Mountainview Homes mountainview.com

OneTwenty Condominiums

Fonthill

Mountainview Homes mountainview.com

River Estates

Fonthill

Mountainview Homes mountainview.com

Saffron Estates

Hamilton

Losani Homes losanihomes.com

Midtown Central Park

Hamilton

Losani Homes losanihomes.com

Waterworx

Lincoln

Losani Homes losanihomes.com

Lincoln Estates

mount Hope

Branthaven Homes branthaven.com

Homestead

niagara Falls

Mountainview Homes mountainview.com

Lyon's Creek

oakville

Branthaven Homes branthaven.com

The Taunton

oakville

Branthaven Homes branthaven.com

Upper West Side

paris

Losani Homes losanihomes.com

Simply Grand

paris

Losani Homes losanihomes.com

The Penninsula

St catharines

Mountainview Homes mountainview.com

Elements

Stoney creek

Branthaven Homes branthaven.com

Casa Di Torre

Stoney creek

Losani Homes losanihomes.com

Fallingwater

Welland

Mountainview Homes mountainview.com

Sparrow Meadows

Welland

Mountainview Homes mountainview.com

Timberwood Estates

Winona

Branthaven Homes branthaven.com

Life

Winona

Branthaven Homes branthaven.com

Winona County

townhome

Condo

Bungalow

semi

Location BuiLder/deveLoper name Site name

detached

#BeyondtheCity

• • • • •

• • • •

•

• • • •

•

• • • •

•

Mid $800's

From $400's

Inquire

From $400's

• •

36, 37

Inquire

From $300's

Inquire

From $600's

36, 37 33 36, 37 36,

Inquire

• •

•

Inquire

•

page

From $300's

From $400's

• •

priceS

Inquire

From $300's

36, 37

from $600's

Inquire

36, 37

Inquire

36, 37

nexthome.ca 65

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BUYING NEW: REVIEW CHOICES, MAKE EDUCATED DECISIONS

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