GTA New Condo Guide - 9 Feb.,2013

February 9 - 23, 2013 Volume 17 Issue 03 February 9 - 23, 2013 Volume 17 Issue 03

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HOW IMPORTANT IS LOCATION? HOW IMPORTANT

NEW HOME PURCHASES AND THE HST NEW HOME PURCHASES

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EDITOR’S NOTE

Think you can’t afford a home?

THINK AGAIN.

SUSAN LEGGE

EDITOR-IN-CHIEF

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

Much like that bank commercial that says, “you’re richer than you think,” a new home may be more affordable than you originally thought. Perhaps you only need to change your definition of “home” to get into the market.

While a detached home is the traditional choice for many, highrise and lowrise suites, lofts and townhomes have become a prime choice among first-time buyers and empty nesters in the market for new place to call home.

Not only does townhouse and condominium living afford you the opportunity to live in a prime neighbourhood at a great starting price, when it’s time to move you can often opt to remain in the same

neighbourhood, since many communities offer a mix of designs and sizes, which allow families to relocate easily without having to change jobs or schools.

Today’s communities generally have a range of sizes and prices that start at the “affordable” end of the price spectrum. This winter, many builders and developers are gearing up for their grand openings and have new communities available for quick occupancy. It’s an exciting time to be shopping for a new place, so don’t miss this excellent buying opportunity.

Have a look through this issue and see what you think. The home of your dreams is waiting.

WHICH SITE IS RIGHT?

JANINE DRUERY

EDITOR

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

I sometimes think that if I hear the adage “location, location, location” one more time, I’ll implode. But the saying is a saying for a reason: where you buy does matter.

And while resale value is a key component, if you are planning on settling into your new abode for some time to come, the location matters for many other reasons.

If you are in the market for a new condo, you’ll want to ask yourself a lot of questions to help narrow down your choices.

Consider the following: ›› Do you thrive on the vibe of city life or enjoy the quiet of suburban living? ›› What will you get for your money in different areas? ›› How far will your daily commute be? Is there public transit nearby?

How much will it all cost?

›› Are there amenities – parks, recreation centres, health services – within walking distance? ›› Are there enough cultural/ entertainment hot spots (restaurants, theatres, clubs, bars) around to suit your lifestyle? ›› Are there schools in the neighbourhood? How will your kids get there?

Of course, the more questions you ask, the more questions you’ll likely generate. In this issue of New Condo Guide, we focus on location and amenities, and offer up info and advice for those of you looking for a new home.

Good luck, and if you have any questions you’d like to ask of us, please get in touch. We’d love to hear from you!

002 NEW CONDO GUIDE FEBRUARY 9 - 23, 2013

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new condo guide

contributors

Vice-President, Wall2Wall Media

Jacqueline Hill Sales Manager

Conni Robinson Associate Publisher, SWO New Homes & Lifestyle Communities

Susan Maxwell Editor-in-Chief, National Real Estate

Susan Legge Art Director

Sarah Jang Editor

Janine Druery Lydia McNutt (on leave) Contributing Editors

BILD Report

Legally Speaking

style file

Bryan Tuckey

Jayson Schwarz

Yanic Simard

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

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

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

Visit tidg.ca

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

Yanic Simard Senior Account Executive

Dionne Fraser

dionne.fraser@wall2wallmedia.com

Senior Account Executive

Nina Downs

nina.downs@wall2wallmedia.com

Sales & Marketing Co-Ordinator

Terry Bassett Administrative Assistant

Antoinette Jackson Production Manager

Bala Gnanapandithan Production Co-Ordinator

Sandra Hanak-Vujnovic Graphic Designers

Caroline Wassef Sandra Hanak-Vujnovic National Account Manager, Mediative

Paul Slizys on the move

CONDO SENSE

Ben Myers

Barbara Lawlor

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

For more information visit twomenandatruck.ca

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

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

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

Dan Hopkins

Condo pro

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table of contents

February 9 to 13, 2013 volume 17 issue 03

20

trio at atria Grand opening in North York

columns, news & features 002 Editor’s note Columnists

016 bild report A look back at 2012 provides clarity in the new home market by bryan tuckey

017 Condo pro When it comes to condos, location is key by barbara lawlor

028 taxing issues Selling a real estate investment property by henry choo chong

032 Money matters Common money mistakes that couples make by gail vaz-oxlade

048 fundamentally speaking Planning to buy new?

Now is a good time by wayne karl

062 legally speaking A look at new home purchases and the HST by jayson schwarz & konstantine Chatzidimos

068 Quick Tips Organizing myths that can keep you stuck

by Hellen Buttigieg

072 style file How to create a stylish and functional home office by yanic simard

084 mortgage minute Separating fact from fiction for first-time buyers by peter kinch

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088 designer tips Ways to personalize your space with art

034 housing market Market conditions trigger shift in homebuyer mindset

098 scrumpdillyicious Goan-Style Prawn Curry is rich and aromatic – with a little bit of heat

044 rbc poll Canadians struggling to balance family priorities and retirement needs

104 Make Your Move How to make moving easier on your children

046 events Yanic Simard to appear on Shopping Channel; Brad J. Lamb to lead real estate investing workshop

by lisa canning

by Leslie styles

by dan hopkins

In The News

024 outlook 2013 BMO says housing market’s ‘soft landing’ to dissipate by mid-year 026 savings report Report finds Canadians plan to save nearly $10,000 in 2013

050 urbanation report Toronto sees record level of condo construction starts in 2012 074 industry news Wellspring Cancer Support Foundation opens newly expanded centre

2/5/13 2:32:09 PM

conDo Profile 42

pEMbErton group

To celebrate 2013, and in honour of Chinese New Year, Pemberton Group is offering a special bonus incentive 80

118 brEaking ground Graywood Developments and Beaverhall Homes celebrate groundbreaking at The Mercer featuRes

030 Condo CulturE The evolution of trends in condo amenities 054 dEsign diary How to add the finishing touch to any room by erica gelman

064 hoME dÉCor Introducing colour into your home does not have to be frightening by hilary Farr

090 hot topiC Why “location” is about far more than resale value by kara kuryllowicz

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42 54

106 whErE to buy Important factors to consider when searching for a home by wayne karl

120 hoME safE hoME Security features are a big selling point for condo buyers by laura malloy

124 what’s nEw A handy guide of the latest and greatest products on the market

by silvana longo

homebuYeRs’ helP

040 your MonEy Make sure you have a will or estate plan in place

052 tax tips Helpful tax tips for Canadians aged 35 and under

108 Condo watCh 416 Previews, new releases and grand openings in the 416 area

070 hoMEbuyErs’ hElp A language lesson for the homebuyer

129 Condo buyErs’ rEsourCE sECtion You love the home, see what you can afford

076 your Condo How to choose the condo that’s right for you

134 indEx of advErtisErs

080 buying tips Ten helpful tips for new-condo buyers 092 Condo watCh 905 Previews, new releases and grand openings in the 905 area 100 sMart shoppEr Exclusive discounts and deals for our readers

100 2/5/13 2:32:24 PM

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BILD REPORT

Tallying

// BY BRYAN TUCKEY

NEW HOME SALES IN 2012

T

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

hey say hindsight is 20/20. For the new home market in the GTA, a look back at 2012 does provide some clarity — but only if you look at what happened in the highrise and lowrise sectors together across the GTA. Together, in the 12 months of 2012, close to 33,000 new homes were purchased, according to the year-end report released on Jan. 23 by RealNet Canada, BILD’s official source of new home market intelligence. When compared to last year’s banner year of 46,000 new homes, it’s a 29-per-cent drop, but let’s look back a few more years. In 2010, 37,000 new homes were sold and in 2009, the year-end tally was slightly more than 33,000.

The GTA is expected to grow by approximately 100,000 annually as people choose to make this vibrant, economically-viable and diverse region their home.

To provide homes for this growing population, our industry meets the challenge of selling and building an average of 35,000 to 40,000 new homes every year.

If we use hindsight again, we can take a closer look at why our 2012 year-end tally turned out to be lower than the average, and what it means for future homebuyers in the GTA.

The analysis also shows that 57 per cent of the new homes purchased were in highrise communities and 43 per cent were in lowrise developments across the GTA. In the first six months of 2012, we were on track to have a more normal year of new home sales. Not quite the 2011 numbers we had reached, but closer to our 10-year average. Then, in the summer, the federal government made changes to financing regulations. As expected, it was mainly first-time homebuyers who were shut out by the new mortgage rules. Unexpected was the drop in consumer confidence that seeped into the fall months and a decline in new home sales for the remainder of the year.

The analysis also shows that 57 per cent of the new homes purchased were in highrise communities and 43 per cent were in lowrise developments across the GTA. Last year was the fourth highest year for highrise sales since 2000, but in the lowrise sector it was the second lowest.

The decline in lowrise sales is a direct result of provincial public policy that has encouraged intensification in existing communities and constrained land supply in the regions surrounding the City of Toronto.

So, what does it all mean for future homebuyers?

Choice and affordability in the lowrise market is diminishing. There is an imbalance and it needs correction so that those who want a detached, semidetached or townhouse in the next few years will be able to find one to call home.

016 NEW CONDO GUIDE FEBRUARY 9 - 23, 2013

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Condo PRo

// BY BARBARA LAwLoR

When it comes to condos,

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

D

uring your search for a new condominium, there is so much to think about. You want the perfect building for your lifestyle needs, and in the Toronto area, there is something for just about everyone. Location always tops the list in importance, and I encourage buyers to consider this factor in many ways.

LoCATion iS KeY For example, it’s important to take your work commute into consideration in a realistic way. Too often, people look at a map, draw lines on it and measure distances as the crow flies. This is not a good idea, because crows fly over the road twists and turns, traffic lights and other things you have to contend with. When you are considering specific buildings, be logical and do a little homework before you sign on the dotted line.

The best way to find out whether your commute is reasonable from a particular building is to start out from that location during rush hour and actually do the drive. Then drive back to that condo after work. You may be

Today’s advanced technology has sparked some employers to have employees work from home part of the week. This means that from a work/commute perspective, they have phenomenal choice when it comes to location.

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surprised at how long – or how short – the trip is. A condominium that is farther from your workplace may, in fact, be a quicker drive, depending on its proximity to major highways, GO Stations, etc. You may, for instance, find condominiums in areas such as Richmond Hill, Mississauga or Pickering that are an easier commute to Toronto than some located right in the city. Those who commute from the 905 areas may also find car-pooling an attractive solution, as then can then use the high-occupancy lanes on major highways.

The best way to find out whether your commute is reasonable from a particular building is to start out from that location during rush hour and actually do the drive.

Shift workers who commute outside of rush hour may have a completely different outlook on location. Again, do the commute during the times when you usually drive and see just how it is. There is always the viable alternative of taking public transit. For trips in and around Toronto, whether for work or pleasure, it may make a lot more sense for you to hop onto a bus or the subway.

It’s a great idea to look at the location of the condominium you’re considering in other ways as well. Start from the building and walk around.

What can you do without driving or even taking public transportation?

Shop? Bank? Drop off dry cleaning? Think about the places you visit often,

including the homes of family members and friends. Will those trips be a breeze? Are you taking night courses? How convenient will it be to travel to your school?

There are so many things in life affected by a condominium’s location. For empty-nesters who are approaching retirement years and downsizing, a condo that enables them to stay in the residential area they know and love can be a wonderful solution. For first-timers who do not own a car, a suite in a condominium on a subway line in the hub of the city is great. And living downtown is becoming increasingly popular for families who feel that the shorter commute means more time to spend with their children.

Then again, with entrepreneurship such a popular lifestyle today, there are many condo owners who work out of their homes – and let’s face it, no commute is the best commute of all! Today’s advanced technology has even sparked some employers to have employees work from home part of the week. This means that from a work/commute perspective, they have phenomenal choice when it comes to location.

Whatever your circumstances and preferences, a great condominium location should be at the top of your must-have list. Be optimistic and realistic, and you will make the right choices!

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CoVeR SToRY

TRideL doRSAY’S MASTeR-PLAnned

TRIO AT ATRIA

INTRODUCED:

Phase Three for North York Community

CoMMuniTY in the heart of North York has been among the condo market’s most successful developments. Located at Sheppard, just east of Hwy 404, the Atria community has seen its first two phases – Alto and Parkside at Atria – established as the best-selling condominium community of 2011.

Now, primed to release the community’s third phase, TRIO at Atria, on February 16, Tridel Dorsay are once again anticipating a tremendous response from condo buyers looking for quality construction, chic design and a desirable location.

“Like the buyers before them at Atria’s first two phases, we think the market will be excited by this release, and by what TRIO at Atria has to offer,” says Jim Ritchie, Senior Vice President, Sales and Marketing for Tridel. “TRIO gives residents everything they’ll need to enjoy a cosmopolitan and convenient lifestyle in a dynamic neighbourhood with world class shopping, restaurants and a variety of entertainment options available to them. Atria’s location is uniquely positioned close to the 401, 404 and 407 highways, putting the entire city within reach.”

And while the highways and adjacent arterial roads of Sheppard, Don Mills and Bayview Avenue make getting around by car easy, the new proposed Sheppard East LRT line will include a station at Consumers Road, steps from Atria’s front door, giving residents and guests convenient access to all of Toronto’s surface and underground TTC routes.

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In addition to its convenient location, the 23-storey residential tower at TRIO boasts a sleek glass design by the award-winning Turner Fleischer Architects Inc. And while the tower will inspire residents and guests upon each arrival, looking out over the community’s large landscaped park, tree-lined streets and circular courtyard will be equally impressive.

Reflecting the sophisticated urban lifestyle of its purchasers, TRIO’s design features a stunning two-storey lobby and stylish common areas designed by Hefele Makowka Design Associates Inc. Among the most spectacular will be the sixth-floor landscaped rooftop terrace which will include a fireside lounge, sun deck and al fresco dining area, offering panoramic views of the surrounding residential neighbourhood.

The building’s portfolio boasts an extensive list of ground floor amenities including a private dining room and catering kitchen, a party room with outdoor terrace for entertaining and socializing, as well as separate billiards and theatre room. A state-of-the-art fitness centre with yoga studio, exercise pool and separate men’s and women’s steam rooms will promote a healthy lifestyle while a boardroom will allow residents to conduct business in the comfort of their own building.

Well-designed suite layouts include one-bedroom, one-bedroom-plus-den, two-bedroom, twobedroom-plus-den and three-bedroom plans, starting from $258,000 and ranging in size from 467 to 1,248 sq. ft. Each stylishly finished suite is thoughtfully designed for ease, comfort and the demands of today’s modern lifestyle.

As a Tridel Built Green. Built for Life® building, TRIO at Atria will reflect Tridel’s commitment to sustainable living, and will feature a range of ecofriendly, sustainable features and finishes that conserve energy and provide a healthy living environment.

Visit the Atria Presentation Centre at 2255 Sheppard Ave. East, Unit 120 at Settlers Road, on February 16 and 17 for the grand opening weekend. The Atria presentation centre is open Monday to Friday from 11 a.m. to 7 p.m. and Saturday, Sunday and holidays from 12 to 6 p.m.

Call 416.645.8866, visit tridel.com or email atria@tridel.com for more information. febRUARY 9 - 23, 2013 new Condo Guide 021

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OUTLOOK 2013

Housing market ‘soft landing’ to dissipate by mid-year:

BMO CANADIAN HOUSING OUTLOOK 2013 EXPERTS ON THE CANADIAN HOUSING MARKET

from BMO Financial Group and the industry participated in the inaugural BMO Housing Panel for 2013 to discuss the past year and provide their outlook over the next 12 months.

According to Sal Guatieri, senior economist, BMO Capital Markets, after a decade-long boom, the so-called soft landing appears to be underway in most regions; the expectation is that this trend will continue into 2013.

“Home sales and housing starts will continue to moderate and prices will generally stabilize in most regions in 2013,” says Guatieri. “In the year ahead, the housing market will be supported by moderate job growth, steady immigration, growing demand from echo boomers entering their prime first-time home buying years, and a gradual shift toward more single-person households.”

The real estate market will benefit from continued low interest rates, with the Bank of Canada likely on hold for another year, he adds.

Guatieri also notes that Alberta and Saskatchewan could buck the national trend and see higher prices due to continued healthy economic growth and wage increases.

Meanwhile, pricier Toronto and Vancouver are likely to have bumpier landings than most other regions, with some prices declining moderately.

AFFORDABILITY AND CONSUMER PREFERENCE

Conrad Zurini, Broker of Record, Re/Max Escarpment Realty, says affordability is in question in major cities including Calgary, Toronto and Montreal, with first-time buyers likely staying out of the market for the first half of the year.

Zurini adds that those looking to upgrade

will still dominate, given lower interest rates. “People who are into walking, lifestyle and entertainment, the farm-to-table trend, and buying local are going to fuel that market for the first half of the year.

“These consumers are all about amenities and lifestyle – they’re very established economically,” says Zurini.

Consumers buying for the first time will likely look to other cities in search of greater value.

“These buyers move with opportunity, following employment and searching out homes with their desired space, ultimately single-family residential homes,” he says. “In 2013, consumers will be paying close attention to the investment side of their buying decision.”

MORTGAGE AND FINANCING ADVICE

John Turner, national director, specialized lending, BMO Bank of Montreal, outlined a number of factors buyers should keep in mind for financing the purchase of a home.

“The pre-approved process remains a very important keystone in the home buying process, whether you’re a first time homebuyer or a move-up buyer,” says Turner. “Generally speaking, most folks will need to borrow most of the purchase price of the home, so getting a pre-approved mortgage is a smart thing to do even before the home search starts.”

Turner adds that the down payment buyers are able to afford is another important aspect, and that there are strategies buyers should put in place to ensure they can maximize that amount – ultimately lowering their overall housing costs.

“There are a number of different strategies to save for a down payment. With RRSPs, for instance, customers can withdraw up to $25,000 for the purchase of a home,” he says.

Turner also reminds that consumers who pay off their debt quicker pay less interest, and that most mortgages have options embedded in them that help to save money in this way.

“At BMO, we’ve been encouraging customers to take a shorter amortization for some time,” he says. “In addition, rates are as low as they’ve ever been, so it’s certainly a good time to take advantage of this to pay off your debt sooner so you can retire comfortably and with as little debt as possible.”

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savings report

Report finds Canadians plan to

Save Nearly $10,000 in 2013 Report conducted by Pollara, which also revealed the different investment vehicles people plan to use to reach their savings goals:

Canadians who are planning to save in 2013 are aiming to put

away an average of $9,859 in order to meet their goals – an increase of nearly $600 over last year, or approximately seven per cent.

This is one of the findings of a new BMO Household Savings

› The majority of Canadians use a Registered Retirement Savings Plan (RRSP) or a chequing account (63 per cent and 57 per cent, respectively) › Half (49 per cent) use a Tax Free Savings Account (TFSA) › One-third (29 per cent) use a high-interest savings account › Another 25 per cent put their savings in Guaranteed Investment Certificates (GICs)

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“It’s encouraging to see Canadians are planning to maintain or increase their personal savings this year, particularly as we look to balance increasing debt loads and turn around decreasing rates of savings,” says Ernie Johannson, Senior Vice President, Personal Banking, BMO Bank of Montreal.

“While it’s important to pay down debt – particularly high-interest debt – it’s essential that households build themselves a financial cushion as well, whether it be for retirement or other goals.”

Yet, despite the positive nature of the findings, the poll shows the optimism is tempered by the fact that only half (48 per cent) say they are saving enough to meet their goals, with high expenses (71 per cent), low income (65 per cent), and

debt repayment (52 per cent) cited as the top barriers to increased savings.

The personal savings rate in Canada, calculated by Statistics Canada, currently lies near historic lows at 3.9 per cent. By comparison, the rate climbed above six per cent during the height of the latest recession, and reached almost 20 per cent in the early 1980s.

The report also identified the most common savings goals in 2013 among Canadians:

› Retirement savings and emergency savings tied for second (42 per cent respectively) on the priority list › Nearly one-third of Canadians are putting aside money for home renovations, while 20 per cent will be saving towards the purchase of a new vehicle › Education savings are on the priority list for 19 per cent of Canadians, followed by the purchase of a new home (15 per cent) › Vacations and the purchase of luxury items, entertainment and hobbies topped the list, with 66 per cent of Canadians putting cash away for these purchases

“It is sometimes difficult to balance financial priorities and responsibilities with spending on items and experiences we enjoy,” notes Johannson.

“However, given the economic realities, it is key that we don’t let the nice-to-dos overshadow our must-dos. Having a balanced savings approach allows us to live for today while saving for our future goals.”

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taxing issues

Selling a real estate

// By henry choo chong

investment property A

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

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

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

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

Q

I purchased a rental investment property nine years ago. Every year I have filed the rental income on my tax return. This year I sold the property. In addition to my rental income, what tax implications will I have to report? Jared, Toronto

028 Henry-investment property.indd 28

Hopefully, you made a profit! The real estate market has been healthy for the past several years and continues to be strong. Selling a real estate investment property will generate either a capital gain/loss and/or a recapture of income/terminal loss.

You will have a capital gain when the proceeds of the sale exceed the original cost of the property. A capital gain must be included in your personal tax return (if you own it personally) and is taxed on 50 per cent of the gains at your personal tax rate. A capital loss occurs when the cost is greater than your proceeds. The capital losses should be included on your personal return and applied against capital gains in that year. Any excess losses can be carried back three years, or carried forward indefinitely to reduce capital gains.

Selling a real estate investment property will generate either a capital gain/loss and/or a recapture of income/ terminal loss.

In calculating the capital gain/loss, determining the adjusted cost of the property is an essential factor. The adjusted cost must include not just the purchase price but also other costs incurred that had to be capitalized. As well, the proceeds of disposition are all the cost, including the selling price and adjustments pertaining to the sale of the investment.

In addition to the capital gains/losses, you may have a recapture of income. This occurs when you are taking Capital Cost allowance (depreciation) on the building, in any of the years that it was owned by you.

The balance in this account is called the “undepreciated portion.�

A recapture of income occurs when the lesser of the proceeds and the cost of the property is higher than the Undepreciated Capital Cost (UCC).

The recapture of income is taxed in its entirety at your personal tax rate.

Alternatively, a terminal loss occurs when the lesser of the proceeds and the cost of the property is less than the UCC. This terminal loss can be applied in the current year to reduce other income (such as salaries or business income). Any unused amounts can be carried back three years or carried forward.

Good record keeping is essential to calculate the correct gains and/or losses.

2/4/13 6:32:35 PM

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CONDO CULTURE

The evolution of trends in

CONDOMINIUM AMENITIES SINCE THE PROLIFERATION OF CONDO projects, amenities have greatly evolved, adapting to the changing needs of society. Amenities that were once a luxury are now considered basics. Hardwood and laminate floors, stainless steel appliances, the fitness centre, the spa, the pool, and the concierge desk are now standard features in today’s condominium complexes. Other features such as business centres, which were all the rage a few years back, have been replaced with the conference room or board room, large pools are being replaced by smaller ones with currents to swim against, or spa-like areas with hot tubs and saunas.

New condominium amenities include the yoga studio and massage room, the theatre room with the big screen and comfortable chairs, fancy party rooms, and guest suites allowing owners to make use of common amenities while saving on the square footage in their unit. More luxurious features include private wine cellars, humidors, infinity pools and screening rooms. Up and coming trends to look for are Wi-Fi connectivity, media rooms, grocery stores, art collections, rooftop sculpture gardens, and outdoor amenity decks with tennis courts, pools and pet walks.

When shopping for a condo, the most important

features prospective buyers seem to be interested in are gym facilities, 24-hour security and concierge, and visitor parking. With parking in urban areas hard to find, and costly when available, prospective condo owners like seeing more spots for guests and visitors.

While amenities are attractive and appeal to many buyers at first glance, smart buyers are aware that the more amenities a building has, the higher the condo fees will be.

This is especially the case with pools and security, as those features add to the expenses.

So as new condos continue to emerge with newer and state-ofthe-art amenities, keep in mind the features that always help with resale or add value to a property are a modern and updated lobby and security, especially among single females who are an important segment into today’s real estate market. Rooftop patios with a view for use during the warmer months are also coveted.

More information and advice is available from a real estate agent or online at royallepage.ca. NC

030 NEW CONDO GUIDE FEBRUARY 9 - 23, 2013

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money matters

// by gail vaz-oxlade

Money mistakes couples make

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

S

ometimes a poor way of relating can really muck up the money. Whether you’re planning a walk down the aisle or you’ve already been hitched for eons, there are some common mistakes couples make that can throw a wrench into their moneyworks.

1 Keeping secrets I’m truly amazed

at the number of people who hide stuff from their partners. They go shopping, bring home a bag of stuff,

While no one likes to think about bad things happening, the fact is that bad things do happen to good people.

and rip off the tags – because, of course, their partners are morons and won’t recognize a new outfit when they see it. One woman shoved her new purchases in the laundry hamper first thing. Another kept her new purchases in the trunk of her car until she could slide ‘em into the house. Many people lie about what they’ve paid for an item because if it’s a good enough deal they can slip it past their buddy. And then there are all the folks who hook up only to find their partner is a financial disaster.

If you can’t be open about what you’re buying, that should tell you something. If you think your partner is going to object to your spending, hey, listen up! And if you’re planning to mate and you haven’t sat down to talk about your money, you’re a fool, plain and simple.

2 Not having a budget It isn’t going to come as a surprise to you that I think every couple should have a budget. Whenever you combine two lives, two ways of looking at things, two spending profiles into one, you need to have a plan to ensure both bodies are on the same page about where the money should be going.

Having come up with a budget you both agree to, it’s easy to decide what to buy and when. You simply ask each other, “Where does this fit in the budget?”

If it doesn’t then you work together to make room, cutting a little of her golfing and his beer with the boys to come up with the cash to make the purchase.

Working together – with a plan – beats the bejezus out of flying solo blind and bumping into each other.

A budget can be a relationship-saver when one of you is a spender and the other is a saver, since by having a plan you can address both your needs. It’s particularly important when you are both spenders heading to the brink of bankruptcy. Knowing where you stand financially means you can make informed decision about your spending without a huge debt hangover.

3 Putting One Guy in Charge It’s not unusual for one person to assume the nitty-gritty of daily finances. It often falls to one partner to pay the bills, check the insurance coverage, decide on how to invest the retirement savings, figure out how much to put away for education savings, negotiate with lenders, pay the taxes… the list is virtually endless. Often it’s because one partner is more inclined toward these tasks. The problem is that when one person is excluded, or totally abdicates responsibility, it means the other can mess things up with no monitoring or grow resentful at always having to do the detail. It’s important for each partner to not only to feel involved in the big financial decisions but also understand the day-to-day details.

Taking turns managing the chequebook, and having regular conversations so that both of you are clear about what’s going on, means you’re both in the know and working to the same ends. It also means that one person doesn’t have to deal with all the pressure, while the other merrily laughs off the stress and frustration with, “You’re managing the money, so this is your problem to deal with.”

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4 Denying the Debt Regardless of who has the debt, the

impact on the family unit will be significant. If you can’t be debt-free when you get hooked up, the very least you should have is a plan for how you’ll get that debt paid off.

Never sign for each other’s debt. When you do, you assume responsibilities that may choke you to death. If your buddy needs help paying off the debt, you can do that without putting your name on the paperwork.

“But he won’t be able to get a car if I don’t help him,” I’ve heard. Then he shouldn’t have a car. “But she’ll pay an outrageous amount of interest.” Then she shouldn’t take the loan. “We’re partners in everything.” Maybe that’s how you feel now, but how will you feel when (s)he doesn’t pull her/his weight on the debt repayment, and you’re on the hook for his or her past self-indulgence?

As for blowing your brains out on a big wedding when you’re walking around with a ton of debt, give your heads a shake! Wedding mania and exotic honeymoons are wonderful, providing you have the money to pay for it.

5 Sweating the small stuff If you’re going to spend your relationship getting your britches in a knot over every little thing, you’re going to be miserable. You have to figure out which battles are worth fighting, and when negotiation makes more sense.

If the small stuff adds up to big problems it’s usually because you don’t have a budget and aren’t on the same page when it comes to your priorities. It’s not unusual for couples to spend $30 a month here, $25 a month there, $60 on this, $97 a month on that, and when it’s all added up, it’s a whopping amount of money. If you’re tracking your expenses, it’s easy to decide what has to go and when to stop shopping.

One of the ways some couples deal with the Money

Of My Own issue is to allot each partner a weekly or monthly “allowance” that can be used for any that body desires. Since the allowance is part of the budget, the plan stays in place while the individuals have some personal freedom when it comes to how they’ll spend their personal money.

Once you have a slush fund you can each spend as you wish without questions or recriminations, you can then agree that on purchases above a certain amount you’ll consult with each other before buying.

6 Failing to plan for emergencies While no one likes to think about bad things happening, the fact is that bad things do happen to good people. If you don’t have a stash of cash at the ready to deal with whatever life throws your way, you won’t have the means to cope. One of the big upsides of joining up is that you’re able to act as a safety net for each other through life’s storms. But that doesn’t happen magically. And often one overestimates their partner’s ability to take over the entire financial burden should one partner lose a job, someone become ill, or suffer some other disaster. It takes a plan. And part of that plan includes creating a pretty hefty emergency fund. Another part includes reducing your risks in whatever ways possible.

Every couple should have enough money available to cover six months’ worth of living expenses. And each partner should make it a priority to get adequate insurance coverage.

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housing market

MARKET CONDITIONS TRIGGER SHIFT in homebuyer mindset Changing market conditions have triggered a

shift in the Canadian homebuyer mix and mindset, according to a recent Re/Max survey.

The Canadian Homebuying Trends Survey 20132014 queried purchasers intending to buy in the next two years. Among the key findings: › Almost one in five purchasers is single › More than two-thirds are second or multi-time purchasers › Four out of 10 purchasers between 18-34 have a down payment of 20 per cent or more.

“Emerging from the survey are some very real indications that Canadian homebuyers — and their attitudes — have changed,” says Gurinder Sandhu, Executive VP and Regional Director, Re/Max OntarioAtlantic Canada. “Purchasing patterns have evolved, with a more conservative, fiscally-responsible purchaser moving to the forefront.”

Who’s Driving the Market?

The survey found that second-time and multi-time buyers represent 70 per cent of those serious about making a move — a trend that is expected to continue over the next two years. First-time buyers will continue to play a role in the market at 30 per cent.

“There’s no question that first-time buyers are experiencing a period of readjustment,” says Sandhu.

“While affordability took a hit in 2012, homeowners with considerable equity remain confident and wellpositioned. They will be the driving force fuelling the bulk of home sales in the months ahead.”

The Financial Picture

The survey found that spending patterns were mostly conservative. Thirty-eight per cent of purchasers said they would spend under $250,000 on their home; 42 per cent would spend between $250,000 and $500,000; 10 per cent would spend between $500,000 and $1 million; and one per cent intended to spend over $1 million.

The singles group was most prudent, with 47 per cent of purchasers intending to spend under $250,000.

Larger Down Payments

According to Re/Max, one of the most surprising findings of the survey was the fiscal responsibility of Canada’s young homebuyers. Forty per cent of purchasers between 18-34 intended to put down 20 per cent or more on their home.

Of those putting down 30 per cent or more, 45 per cent were aged 55 and over. Just seven per cent of purchasers had a down payment of five per cent, while 14 per cent indicated that they were putting down 10 per cent.

Housing Choices

The vast majority of purchasers continue to seek out singledetached homes (53 per cent), while condominiums ranked second at 17 per cent, followed by both semidetached/duplex and townhouse/ rowhouse, each at 11 per cent.

“Regardless of income, gender, age, or location, most Canadian respondents shared considerable confidence in Canada’s housing market,” says Sandhu. “This stands as perhaps the greatest indicator that homebuying intentions will remain healthy and stable.”

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All rights reserved. Brokers Protected. febRUARY 9 - 23, 2013 new Condo Guide 035

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

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YOUR MONEY

ESTATE PLANNING 101 like paintings, antiques, jewelry and objects with sentimental value should be gifted to specific beneficiaries while you are alive or have it clearly stated in your will.

Additional information is available at fiduciarytrust.ca.

“Ensure that you discuss your plan with your beneficiaries,” adds Ms. Wilson. “This can help avoid disputes and family feuds over that beloved piece of art after you’re gone.”

Ensure you have a professionally drafted will and power of attorney.

If you die without a will in place, provincial legislation dictates how your estate is distributed without any regard to your wishes. NC

for the transfer of their money and belongings to their loved ones. As many as 30 per cent of all Canadians have no will or estate plan in place, pollster Environics found.

“Creating a legal will and plan now helps ensure that the value of your estate will be maximized for your chosen beneficiaries,” says Elaine Wilson, vice president at Fiduciary Trust Company of Canada.

The first step is to figure out your assets and liabilities, including what is jointly owned. When meeting with an estate planner, consider whether your wealth will be divided equally or if dividing it differently would be more appropriate given your family circumstances. Take into account whether you have made prior promises and ensure that intended gifts are stated in your will. Potentially valuable items

MANY PEOPLE ARE NOT PREPARED

When meeting with an estate planner, consider whether your wealth will be divided equally or if dividing it differently would be more appropriate given your family circumstances. Take into account whether you have made prior promises and ensure that intended gifts are stated in your will.

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FEBRUARY 9 - 23, 2013 NEW CONDO GUIDE 041

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condo profile

ERS

Pemberton Group celebrates

chinese new year with special bonus incentive

y

ou can trust Pemberton Group to help you fulfill all your new condominium wishes this year. Pemberton has been creating landmark residential and commercial developments for over five decades, and today offers well-designed, expertly constructed condominium communities in many of the Greater Toronto Area’s most desirable neighbourhoods.

To celebrate 2013, and in honour of Chinese New Year, in addition to all current project-specific Promotional Programs, Pemberton is offering a special bonus incentive. From February 10 to March 10, 2013, you can save an additional one per cent off the purchase price at U Condominiums, Vivid Condominiums, SkyCity Condominiums and Miracle in Mississauga.

Each community features unique amenities, excellent value and a rewarding lifestyle. Choose the community and location that is just right for you.

Toronto

Steps from Bloor-Yorkville, you can own one of the final few U Condominiums Tower Suites or one of the 19 unique designs in the rare Urban Townhome Collection. Under construction, suites are priced from the $670s. Exquisite townhomes offering a private underground garage, private elevator, magnificent natural light-filled living spaces and a spacious outdoor terrace start at $2.5 million. All residents will enjoy the community’s 4,500 sq. ft. of amenities. Take a virtual tour online, or pick up a package with floorplans and prices from the presentation centre located at 50 St. Joseph Street. Call 416.546.6605 or visit ucondos.ca or utownhomes.ca.

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Each community features unique amenities, excellent value and a rewarding lifestyle. Choose the community and location that is just right for you. on opposite page

Etobicoke

For vibrant living at Bloor and Islington consider Vivid Condos

For vibrant living, consider Vivid Condominiums at Bloor Street West and Islington Avenue, the final condominium in Pemberton’s established Port Royal Place community. Vivid prices begin from the mid$200s. See a sales representative for details on the $349,990 One-Price-Plan currently in effect for an 820-sq.-ft., two-bedroom suite, plus receive $5,000 off and $5,000 in free upgrades. Live steps from the subway and GO in a community with a completed park. The presentation centre is at 9 Michael Power Place. Call 416.239.8200; take the virtual tour at

on this page

Master-planned SkyCity in Richmond Hill

vividcondos.com.

Walk to the comprehensive amenities in the Yonge StreetHighway 7 hub. SkyCity is also close to public transportation and major highways. This master-planned community features landscaped courtyards, pathways and superb amenities. Visit the website for virtual tours and view photos. Prices from the low $300s include one underground parking space and a locker. The presentation centre is on Red Maple Road. Call 905.709.5700 or visit skycitycondos.com.

Richmond Hill

Located in the Richmond Hill City Centre, SkyCity Condominiums offers a bold new vision for urban living.

Erin Mills

Now registered and offering immediate closings, the final suites at Miracle in Mississauga are priced from the mid-$200s. Situated just steps from Erin Mills Town Centre and close to public transportation and major highways, suite owners can enjoy the existing 13,000-sq.-ft. recreation centre. Prices include an underground parking space, storage locker and six free appliances. View the virtual tour online. The presentation centre is at 2475 Eglinton Avenue West.

Call 905.603.6300 or visit miracleinmississauga.com.

For an overview of Pemberton’s many fine condominiums, visit pembertongroup.com and follow the company on Facebook and Twitter. febRUARY 9 - 23, 2013 new Condo Guide 043

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rbc poll

Canadians struggling to balance

FAMILY PRIORITIES AND retirement needs

Canadians aged 18 to 54 are concerned

that their ability to save for retirement will be impaired both by saving for their children’s education (48 per cent) and by taking care of their aging parents (36 per cent), according to the 23rd Annual RBC RRSP Poll.

Despite the potential strain of these family priorities on their retirement savings, more than half (57 per cent) of Canadians aged 18 to 54 say their parents’ retirement experience has shaped their expectations of retirement.

“While Canadians may see their parents’ retirement experience as a model for what to expect, the reality is that their retirement may not be the same, particularly if they are part of the sandwich generation with both aging parents and school age children,” says Amalia Costa, head, retirement strategies, RBC. “Canadians know that juggling competing financial priorities

creates enormous strain on both time and money. A financial advisor can make it easier to develop a retirement plan to balance your financial commitments and family life.”

Retirement will likely look different for the next generation of retirees, as employer-sponsored pension plans become more rare.

The RBC poll found that one-quarter (26 per cent) of Canadians (aged 18 to 54) expect a pension income from an employer to be their primary source of income in retirement and, similarly, fewer than one-in-five (18 per cent) of them have a defined benefit pension plan.

“The growing demands on time and money can make meeting retirement goals a challenge, but Canadians don’t have to do this on their own,” adds Costa. “Taking the time to meet with a financial advisor is one of the best investments you can make in your financial future. An advisor can help review your financial priorities; understand your income sources and your savings and investment options – all to help make your retirement goals a reality.”

Costa provides the following advice to help you live for today and save for tomorrow: » Show me the money:

Look for hidden sources of contribution funds. If you have debt, take advantage of lower interest rates to reduce your overall borrowing costs and free up some of your monthly cash flow. For example, you can do this by consolidating higher interest credit card balances into a loan or home equity line with a lower interest rate. » Automate your savings habit:

Get into the good savings habit of paying yourself first by setting up an automatic contribution plan to coincide with your payroll deposit. The funds will come off the top and are often not missed. » Start thinking about your retirement income plan:

If you are within a few years of retirement, switch your focus to establishing your retirement income plan. Translate your vision for the lifestyle you want in your retirement into financial requirements and work with an advisor to learn about your new sources of retirement income and how these will fund your new lifestyle.

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events

Brad J. Lamb to lead real estate investment workshop

Brad J. Lamb, president of Brad J. Realty Inc. and Lamb Development Corp., is hosting a free real estate investment workshop on Saturday, February 23rd, from 1 p.m. to 4 p.m. at the Sheraton Centre (123 Queen St. W.) in Toronto.

The workshop, called “P.O.W.E.R. Investing to Real Estate Millions” was developed out of Lamb’s concern that Canadians, particularly the younger generation, are not planning enough for their financial future.

Lamb, a top condominium broker and developer, and star of the reality TV show “Big City Broker”, will use the workshop to share his knowledge and use of the simple principles of investing in real estate, the same principles that he practices. With a focus on five key rules that people need to understand to be successful, Lamb ensures that with time, patience and perseverance you can be on your way to becoming a multi-millionaire.

Lamb brings 25 years of industry experience to the table and is responsible for the marketing and sales campaigns of more than 100 condominium projects across four major Canadian cities.

The workshop is subject to a capacity attendance of 500. To book your seat, email ryan@torontocondos.com or call 416.368.5262.

YANIC SIMARD TO APPEAR

on the Shopping Channel Be sure to tune in to the Shopping Channel on

Monday, February 25th at 9 a.m., 1 p.m. and 6 p.m.

Yanic Simard, Principal Designer of the Toronto Interior Design Group, and Design Editor of New Condo Guide, will be on deck, featuring his favourite home décor items from Torre & Tagus, a successful Canadian company that focuses on sourcing clean, contemporary home décor and accessories from around the world.

Simard’s motto for 2013: “Finding meaningful likeness between contrasting objects is the essence of elegance.”

Simard is a regular design guest expert on Citytv’s Cityline and is a columnist for the Toronto Star.

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FUNDAMENTALLY SPEAKING

// BY WAYNE KARL

PLANNING TO BUY NEW?

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

“B

uy land, they’re not making it anymore.” No doubt you’ve heard this adage, originally a quote from Mark Twain, but what you may not realize is just how prophetic the sentiment has become, particularly in the GTA. A review of 2012 from the BILD Industry and Land Development Association (BILD) and RealNet Canada Inc. provides some excellent insight into just how the market works. More importantly, it underlines how challenging land availability is becoming for the home building industry – and, though they may not realize it yet – for consumers.

A recent conversation with a prospective new-home buyer illustrates the point from the latter’s perspective. John Brown (not his real name) was discussing his plans to buy a new lowrise home and, after hearing and reading reports that “the housing market in Toronto is slowing,” he said he decided to wait a

Now is a good time

while, until, in his words, “prices come down some more.”

Well, John, prices may indeed dip in some areas of the GTA, and in some housing categories, but your generalization that new lowrise home prices are coming down is not entirely accurate.

Perpetuating a common misconception, John is not differentiating the new home market from resale. Generally, the new home market is very different from resale, and the factors that influence each are distinct.

Now is a good time to buy a new home in the GTA, and here’s why.

The issue affecting new-home sales in Toronto is not the “slowing market,” rather land supply and other challenges specific to the home building industry.

The results speak for themselves. Lowrise new home sales were down 20 per cent for 2012 – the second lowest level since 2000, according to RealNet and BILD in their annual review. Over the last four years, lowrise supply has decreased by 52 per cent – meaning less choice for buyers. Prices, meanwhile, climbed 44 per cent over that period – good for people who bought new homes in that time, but not so good for prospective buyers on the new-home hunt now.

What’s affecting supply to such an extent?

As BILD president and CEO Bryan Tuckey explains in his column on page ??, “The decline in lowrise sales is a direct result of provincial public policy that has encouraged intensification in existing communities and constrained land supply in the regions surrounding the city of Toronto.

“Governments must acknowledge that the constraints being placed on the market, particularly in the lowrise sector, are having dire results,” BILD First Vice-Chair Steve Deveaux said in releasing the review. “Land constraints, regulatory requirements and a complex approval process fraught with delays are seriously challenging the vitality of the lowrise sector, as well as housing choice for the new-home buyer.”

If the problem were to persist unchecked, affordable detached homes might become a thing of the past in the GTA. Tuckey and Deveaux are focused on the GTA, of course, but their counterpart representatives in Ottawa, Hamilton and elsewhere in the province are citing similar challenges.

One builder recently recounted a story about how one municipality instituted at 125-per-cent increase in development charges – yes, 125 per cent, as the city in question tries to improve decades-old infrastructure. The company saw talking the municipality down to only a 100-per-cent increase as a victory.

What effects new home prices more than market conditions is hard costs – land, materials, trades and developments fees – and none of those is going down.

So, John and other prospective new homes buyers – there’s no need to wait.

If you’re financially prepared (and the Bank of Canada just, once again, announced it was holding interest rates), now is a good time to buy.

048 NEW CONDO GUIDE FEBRUARY 9 - 23, 2013

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

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

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

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

REGISTER NOW FOR OUR UPCOMING

RENT-TO-OWN SEMINARS

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

Now that’s smart. NY2. 2 Good 2 Miss!

NY2CONDOS.COM

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

THIS SPRING, DANIELS UNVEILS THE EXCITING SEQUEL TO NY PLACE! NY2 Condominiums continues Toronto’s ONLY Rent-To-Own Program at Bayview and Sheppard In 2011, The Daniels Corporation introduced the most unique homeownership program in Toronto, with their Rent-To-Own Program at the wildly successful NY Place Boutique Condominiums within Daniels’ Award-Winning NY Towers Community at Bayview and Sheppard. The response was overwhelming, and the suites were snapped up in record time! The Rent-To-Own Program was such a phenomenal success that Daniels decided to bring it back this spring with NY2 Condominiums – giving those who

did not get an opportunity to buy at NY Place a second chance to be first! With NY2 Condominiums already under construction and suites starting from the low $200,000s or just $1,489 per month under the Rent-To-Own Program, those who are interested in taking advantage of this innovative homeownership program will want to act quickly – this opportunity will only be available for a limited number of suites, and judging by the overwhelming response to date, they are sure to go fast!

THE RENT-TO-OWN PROGRAM AT NY2 HAS BEEN DESIGNED TO MAKE PURCHASING AS EASY AS 1, 2, 3. HERE’S HOW IT WORKS: CHOOSE

CHOOSE A SUITE THAT BEST FITS YOUR LIFESTYLE NEEDS. SIGN AN AGREEMENT OF PURCHASE AND SALE AND BEGIN ACCUMULATING YOUR DOWN PAYMENT THROUGH DANIELS’ GRADUAL DEPOSIT PAYMENT PLAN.

MOVE IN

WHEN YOU MOVE INTO YOUR NEW HOME, A PORTION OF YOUR MONTHLY RENT, ALONG WITH THE TOTAL AMOUNT ACCUMULATED THROUGH DANIELS’ GRADUAL DEPOSIT PAYMENT PLAN, WILL BE CREDITED TOWARDS YOUR 5% DOWN PAYMENT.

OWN!

AFTER ONE YEAR, ALL YOU WILL HAVE TO DO IS TOP OFF YOUR 5% DOWN PAYMENT FOR YOUR CLOSING… IT’S THAT EASY!

IT’S THAT EASY!

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

In addition to a fantastic Rent-To-Own Program, residents will be able to enjoy fantastic amenities within their new home at NY2, including a Wi-Fi café lounge – perfect for enjoying a coffee or catching up on emails, a fully-equipped and professionally designed fitness room, a rooftop party room great for entertaining both indoor and out, and outdoor gardening plots – this outdoor oasis will be the perfect place for residents to get away from everyday life and exercise their green thumbs by planting herbs, flowers and spices. Plus it will offer 5,000 sq. ft. of retail space on the ground level. NY2 is simply “2 Good 2 Miss!”

As the final condominium in Daniels’ NY Towers Community, NY2 carries Daniels’ long standing tradition of distinctively eclectic architecture in this coveted locale. Situated at the southwest corner of Sheppard Avenue East and Rean Drive, NY2 will inject striking modern lines with its exterior of brick, glass and sleek window design. Over the past decade, Daniels has built over 3,000 homes in this awardwinning community and is now home to more than 5,000 residents. Residents will enjoy the serenity of the established surrounding NY Towers community as well as the convenience of being just steps to the TTC, and Bayview Village Shopping Centre – one of the city’s most premier shopping destinations. In addition, Highways 401, 404 and the Don Valley Parkway are just moments away along with entertainment venues, great restaurants, parks and more.

NY2 is being built to Daniels Green Standard, designed to reduce overall energy consumption, conserve materials and resources and provide a healthier indoor air quality. Suites will have outstanding features and finishes including 9-foot ceiling heights, laminate flooring, granite kitchen countertops and stainless steel appliances.

NY2 IS YOUR FINAL OPPORTUNITY TO OWN AT DANIELS’ LANDMARK NY TOWERS COMMUNITY

LOVE WHERE YOU LIVE The Daniels Corporation (www.danielshomes.ca) is one of Canada’s preeminent builder/developers with a reputation for quality and integrity in all forms of residential construction. Named the Tarion Warranty Corporation’s 2012 High Rise Builder of the Year and the recipient of the 2012 Toronto Arts and Business Award presented by the Toronto Arts Foundation, Daniels has built more than 23,000 homes throughout the GTA. Among its many initiatives, Daniels was chosen to partner with Toronto Community Housing to revitalize Regent Park – 69 acres in Toronto’s Downtown East.

Daniels’ Landmark NY Towers Community at Bayview and Sheppard

Committed to community, Daniels continually offers innovative programs that help people achieve homeownership, champions neighbourhood initiatives that enhance residents’ quality of life, and supports numerous charities and non-profit organizations.

NY2 is another example of Daniels’ out-of-the-box thinking that makes it possible for people to enter the new home marketplace. And remember, this is your FINAL opportunity to own a brand new home in Daniels’ NY Towers Community.

REGISTER NOW FOR OUR UPCOMING

RENT-TO-OWN SEMINARS

NY2CONDOS.COM

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

2012 HIGH-RISE BUILDER OF THE YEAR

febRUARY 9 - 23, 2013 new Condo Guide 049

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URBANATION REPORT

Toronto sees record level

OF CONDO CONSTRUCTION STARTS IN 2012 TORONTO SAW A RECORD high number of condo construction starts in 2012, according to a recent market overview by Urbanation Inc., which tracks the city’s highrise condo market.

According to overview, there were 3,841 new condominium apartment

sales in Q4-2012 in the Toronto Census Metropolitan Area (CMA), an increase of 16 per cent over the third quarter.

Overall, 17,997 new units were sold in 2012, which is down from the record breaking pace set in 2011.

However, the Toronto market set several records in 2012 including: construction starts (24,388), active developments (355), total active units (89,251), and total units under construction (56,866).

“IN CONTEXT” CONDOMINIUM MARKET OVERVIEW TORONTO CMA NEW MARKET Active Condo Projects Total Units in Active Projects Avg. Sold Index Price (PSF) Units Under Construction

Q4-12

Q4-07

355

280

Q4-02 200

89,251

63,008

41,287

$536

$384

$291

56,866

30,833

22,315 10-yr avg**

Q4-12

5-yr avg*

New Condo Sales

3,841

5,030

4,285

Unsold Inventory %

20.6%

20.6%

22.4%

Annual Index Price Growth

5.2%

8.2%

6.4%

New Project Launches

22

22

20

New Launch Absorption

46.2%

50.9%

43.6%

2012

5-yr avg*

10-yr avg**

Annual New Condo Sales

17,997

20,119

17,139

Q4-12

Q4-07

Q4-02

1,285

955

671 111,029

RESALE MARKET Resale Projects Total Resale Units

227,700

161,694

Avg. Index Price

$397

$320

$226

Average Unit Size

905

928

1,022

Q4-12

5-yr avg*

10-yr avg**

Quarter Sales

2,941

3,902

3,371

Annual Index Price Growth

-0.7%

7.5%

7.2%

Total Listings %

3.2%

4.1%

4.6%

Sales to Listings Ratio

40.2%

51.6%

48.6%

2012

5-yr avg*

10-yr avg**

Annual Condo Resales

15,292

15,609

13,486

Source: Urbanation Inc., Toronto Real Estate Board *2007 to 2011 **2002 to 2011

050 NEW CONDO GUIDE FEBRUARY 9 - 23, 2013

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The average sold index price was $536 per. sq. ft. in Q4-2012 (up 5.2 per cent annually), while unsold suites were being offered at $568 per sq. ft. on average in the fourth quarter.

The active Toronto CMA new condo market is 79 per cent sold, down from 80 per cent sold in Q3-2012 and 82 per cent sold in Q4-2011, but above the 10-year average of 78 per cent.

“Despite concerns over the level of unsold supply in the new condominium market, the ratio of sold to unsold units has consistently been above the long-run average in recent years” says Ben Myers, Urbanation Executive Vice President.

“There remains confusion over unsold supply and standing inventory, to clarify, at the end of Q4-2012 there were just 613 completed and unsold new condominium apartment suites in the Toronto CMA – some would be rented out by the developer, some used for construction offices, and others used as model suites for subsequent phases, effectively lowering this standing inventory figure even farther.”

The resale condominium market

TOP 25 DEVELOPERS TORONTO CMA 2012

suffered from a lack of supply in Q4-2012, as just 3.2 per cent of the 227,700 units (1,285 buildings) tracked

by Urbanation were listed for sale in the fourth quarter, the lowest quarterly level in over 10 years. Resale activity declined 14 per cent quarterly in the Toronto CMA to 2,941 transactions, but the sales-to-listings ratio increased quarterly to 40.2 per cent, which Urbanation says is indicative of relatively balanced market conditions.

“Many investors chose to hold and rent their units in 2012 rather than sell them into uncertain market conditions” adds Myers. “This is contrary to the theory that condominium unit holders will panic and sell their suites at significant discounts during a softening market”.

Urbanation is forecasting 14,500 resale condominium transactions in 2013 and 17,000 new condominium sales in the Toronto CMA.

RANK

For more information, visit urbanation.ca

DEVELOPER

1

Tridel

2

Lifetime Urban Dev / BLVD Dev

3

CentreCourt Developments

4

Cresford Developments

5

Empire Communities

6

Amacon

7

MintoUrban Developments

8

MOD Developments

9

The Daniels Corporation

10

Pinnacle International

11

Liberty Development Corp

12

Times Group Corporation

13

Menkes

14

Pemberton Group

15

Bazis International / Metropia

16

Great Gulf Homes

17

Lanterra Developments

18

Concord Adex

19

Monarch Corporation

20

Remington Group

21

Plazacorp

22

Conservatory Group

23

Concert Properties

24

Streetcar Dev / Dundee Realty

25

Onni Group

Compiled by Urbanation Inc. *Some sales are double counted due to multiple developer projects

TOP 10 SELLING NEW CONDOMINIUM PROJECTS TORONTO CMA 2012 1

Toronto

Downtown Core

INDX

Lifetime / CentreCourt Dev

2

Toronto

Harbourfront

Ten York

Tridel

3

Toronto

Downtown Core

Massey Tower

MOD Developments

4

Etobicoke

Etobicoke Waterfront

Eau du Soleil - Tower A

Empire Communities

5

Toronto

East Bloor / Village

Casa II

Cresford Developments

6

Mississauga

City Centre

Parkside Village - PSV

Amacon

7

Toronto

North Midtown

E Condos - South Tower

Bazis Inc. / Metropia / RioCan

8

North York

City Centre

EI8HTY8

MintoUrban Developments

9

Vaughan

Vaughan West

Centro Square Condos - Tower A

Liberty Developments

10

Toronto

Downtown East

One Park Place

Daniels Corporation

Source: Urbanation Inc.

FEBRUARY 9 - 23, 2013 NEW CONDO GUIDE 051

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tax tips

tax tips

for the young and restless For Canadians under 35, it is

likely that last year brought at least one major life change, such as finishing school, starting a family, or moving homes. All of these events can affect a tax return.

Cleo Hamel, a tax specialist at H&R Block, offers the following tips to maximize your return: Relocated for work or school?

If you have packed the truck and travelled more than 40 kilometres to a new job last year, then you may be able to claim moving expenses such as transportation, storage and meals. Moving expenses are one of the most commonly reviewed credits, so make sure you keep your receipts in case Canada Revenue Agency asks for proof.

Had a bundle of joy?

Parents can claim the $2,131 Child Tax Credit for each child under the age of 18, which results in a federal tax saving of $320 per child. If one parent cannot use the entire amount, the unused portion can be transferred to a spouse or common-law partner.

Graduated with student loans?

If you’re a recent college or university graduate, chances are you have racked up some student loans. Did you know the interest paid on government loans is a tax credit? Also many low-income Canadians, like students, qualify to use tax software for free. For example, if you earn less than $20,000 a year, H&R Block At Home Online allows you to prepare and file your return for free, when it is convenient for you.

Don’t miss out, says Hamel, on the tax credits you are entitled to claim. Take the pain out of doing your taxes by using tax preparation software. It gives you step-bystep tips to identify every possible deduction or credit, and it ensures you get the maximum refund. NC

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Remarkable design. Remarkable architecture. Remarkable presence.

The Mark combines contemporary form and deco-inspired elements, to create a modern classic. Spacious balconies. Exceptional amenities.

Suite designs from 490 s.f. to 858 s.f.

Welcome to Markham’s most elegant new condominium residence.

Remarkable residences.

Across from Mount Joy Go Station.

Starting from $199,990.

Register today.

Register today themarkcondos.ca / TheMarkCondos @TheMarkCondos

Prices, sizes and specifications subject to change without notice. E. & O.E. Illustration is artist’s impression.

Exclusive listing brokerage: TFN Realty Inc. Brokers protected. Creative: la-ads.com

febRUARY 9 - 23, 2013 new Condo Guide 053

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designer touch

// by erica gelman

finishing touches A Toronto-based designer Erica Gelman, Principal of Erica Gelman House Of Design. Specializes in both large and small scale residential design projects throughout Toronto and the GTA. Known for enhancing and creating new possibilities in every space of your home.

House of Design www.ericagelman.com

ccessories are to a room as jewelry is to an outfit - it completes the look and pulls it all together. To me, the best part of the design is all in the details.

Accessories can be anything that complement a design and add to the aesthetic value. When you think of accessories, imagine the impact of wall art, throw pillows, antiques, sculptures, vases, collectibles or even memorabilia. It can be something very personal or on the contrary, a piece which varies seasonally. I like to pull the accessories together last or at least once all major pieces have been selected. This gives you the freedom

When you think of accessories, imagine the impact of wall art, throw pillows, antiques, sculptures, vases, collectibles or even memorabilia to contrive a more organic design, almost allowing the accessories to find you. Once the major pieces have been chosen, you have a better sense of how the room feels and ultimately what is missing from within the mix.

continued on page 056‌ 054 new Condo Guide febRUARY 9 - 23, 2013

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// PRE S

EN T ED

BY

: TION SOLU IN E R 2013 ACE A PL T. t the FIND OTLIGH me a ss SP w ho e ro n c r a THE nge, d you ar, fin ity, on Yo ive in a e y is Th s he c re. L e of t Cent t combine centr e Eaton a h t l y e h t re w from porary je a 60-sto base. m ith ge a w it , r conte w e nd ne r atop a h ery urban e old a v rn tow ccess to e want or e d mo ya ver s e a e ld s just Enjoy y you cou C station ce it T erien n T p e am d two r. Plus, ex home, n a , r doo nities at need , e e you unge outsid ducing am ocktail lo ur o c in it e . Vis envy in-hous room n . like a r, and rain tre today n ba juice tation Ce n Prese

" MASSEY TOWER, WIT H ITS EXCEL LEN T

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DON'T MISS THE SHOW EXCLUSIVE BROKER: MARKETVISION REAL ESTATE CORPORATION. BROKERS PROTECTED. PRICES AND SPECIFICATIONS SUBJECT TO CHANGE WITHOUT NOTICE. E. & O. E. ILLUSTRATION IS ARTIST’S IMPRESSION. CREATIVE: LA-ADS.COM

DUNDAS ST. YONGE ST.

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PRESENTATION CENTRE & FURNISHED MODEL SUITE Location: 197 Yonge Street Hours: Mon–Thurs: 12–6, Fri: Closed, Sat–Sun: 12–5. febRUARY 9 - 23, 2013 new Condo Guide 055

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designer touch

continued…

I like to plan the mood of a space right from the get-go so when it comes down to the details, it’s simple to reinforce the initial design concepts.

Accessories can be a very personal thing so there is no right or wrong answer, however there are a few “rules” I like to follow.

For instance, grouping Items together —odd numbers work best and combining multiple items allows you to create volume and add visual weight to your space.

Choose objects with a common design element to create repetition, which is key to consistency. Allow the eye to see a balanced flow from one side of the room to the other.

Tension, is one of my favourite elements of design when it comes to accessorizing. If you have a minimalistic space and your taste is modern, try to suggest tension between one standout accessory and the rest of your decor.

Juxtaposing an ornate mirror or vase or even a lamp to produce tension in your space will provide high contrast and generate a memorable design aesthetic. The key to apt execution is placement and proportion.

Like everything else in design, plan ahead—pull all your fabric swatches and floor plans together and bring them shopping with you.

Having your floor plans or drawing

tips My Top Accessory Shops ›› Teatro Verde ›› Decorum ›› Dana Jordan (Bayview Village) ›› Union Lighting & Furnishings ›› HomeSense

will ensure you’re purchasing pieces that will actually fit into your space.

However, it is the smallest details that will make the biggest impact.

Show off your individuality by purchasing pieces that represent you and your lifestyle. I love unique pieces—whether it be the form of a vintage tray table or an abstract vase, anything to evoke conversation. Typically, it is these pieces, the smallest items in your space which will make your room truly unique. Toronto has some fantastic vintage and consignment shops where you’re bound to find distinctive objects no one else carries. One of my favourite shopping destinations is in the Summerhill neighbourhood on Yonge Street -—there you can shop for anything from Vintage Glam at Decorum to Contemporary eye candy at Artifacts. Purchase pieces you love and the best ones you can afford this way they will always work for you and your home.

Accessories can be anything that complement a design and add to the aesthetic value. When you think of accessories, imagine the impact of wall art, throw pillows, antiques, sculptures, vases, collectibles or even memorabilia.

056 new Condo Guide febRUARY 9 - 23, 2013

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E-A-S-Y

THE OWNERSHIP PROGRAM:

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

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

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

• • • • • •

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

YOU PUT DOWN

$10,000

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

10%

$450,000

SOUNDS SCARY, RIGHT? BUT HERE’S WHAT THE STATION WILL DO FOR YOU.

WE’LL MATCH THAT

$10,000 = $20,000

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

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

ONLY $25,000 TO GO.

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

SAFE – The Station is already under construction.

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

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

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

ALLEN

RD

TIPPETT RD

WILSON AVE

YORKDALE MALL

HWY.401

YORKDALE SUBWAY

416.398.9777 THESTATIONCONDOS.COM

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

058-BrandyLane-Station 09-22-12.indd 58

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CON

U N DSTRUC E R W TION AY !

2 YEARS FREE

MAINTENANCE!

*

FOR A LIMITED TIME. VISIT SALES OFFICE TODAY!

BUY NOW! 10% DOWN! **

Last chance at Pre-Construction Pricing Save with pre-construction prices on a variety of newly released suites in this boutique condominium in the historic St. Lawrence Market neighbourhood.

From the mid

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ST. LAWRENCE MARKET NEIGHBOURHOOD RICHMOND ST. E.

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Monday - Thursday 12 pm - 6 pm Closed Fridays Saturday, Sunday & Holidays 12 pm - 5 pm

Sales Centre located at 317 Adelaide St. East Rendering is artist’s concept. Prices and specifications are subject to change without notice. E. & O. E. * See sales representative for more details. ** 10% depost for a limited time only.

059

2/4/1313-01-18 5:19:56 PM 8:00 AM

CHINESE HOME & CONDO GUIDE 二月二日至三月十六日 Feb 2 - Mar 16, 2013

Chinese home and condo buyers and investors now have a new comprehensive, full gloss real estate magazine to inform and guide them through the buying process in the Greater Toronto Area.

Launched in 2012, the Chinese New Home and Condo shopper and investor will have a valuable new resource to help inform and guide them through the newest communities in the Greater Toronto Area.

Pick Up Your Copy Today or call us for a free copy at 416.626.4889!

動 • 416 與 905 區之比試 蛇年運程 • 大多市各商場賀年活

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2013-01-15 3:40 PM 1/28/13 4:48:27 PM

060 NEW CONDO GUIDE FEBRUARY 9 - 23, 2013

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FROM OPENING BELL TO LAST CALL 88 Scott’s ideal location within the St. Lawrence neighbourhood - on the edge of the financial district - make it an optimal choice no matter what the time of day. This new offering from Concert has already captured the attention of discerning buyers despite market conditions.

In addition to its central location, 88 Scott features intelligent suite designs, stunning views, abundant amenities and superb quality finishes throughout. Built by award-winning Concert, the many who have chosen 88 Scott define it as a timeless blue chip investment.

Come and see for yourself.

TORONTO TO THE CORE

TM

Most homes priced from $400,000 to $800,000 T

ST E T

RNE S

O COLB

TE

S TON

LING

WEL

NT

O FR

ST

E

T TT S SCO

88Scott.com

S RCH CHU

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KING

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Sales Centre & Display Suite 100 Yonge Street Open Weekdays (except Fridays) noon to 7pm Weekends 11am to 5pm

G YON

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Concert Properties - 88 Scott - Condo Guide Magazine - Ad#2 Last Call

061

2/4/13 5:19:57 PM

legally speaking

New home

// by jayson schwarz & Konstantine Chatzidimos

PURCHASES AND HST

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

urchasers of new, resale and condominium homes who visit our offices are often confused about the way the harmonized sales tax (HST) affects their transactions. This inspired us to write a few words in the hopes of demystifying this oft misunderstood aspect of the new home purchase.

Purchases of new freehold and condominium homes in Ontario – unlike resale or “used” homes – are subject to the HST. HST is a combination of the eight per cent Ontario provincial sales tax (PST) and the five per cent federal goods and services tax (GST). The percentage of HST applicable to the transaction is directly related to the purchase price of the home. However, homebuyers are able to claim a rebate of some of the PST and GST. For example, the rebate associated with the PST portion of the tax is available for new homes priced up to $500,000. The PST rebate for new properties under $400,000 is six per cent of the purchase price (or 75 per cent of the eight per cent PST portion of the HST), with the rebate amount reduced for homes priced between $400,000 and $500,000. There is a similar rebate mechanism for the five per cent GST portion of the HST. What is important to understand is that the vast majority of Ontario builders incorporate the rebated amount of HST in their purchase price. This is because the HST rebate is immediately available only to purchasers who are buying new properties with the intent that they will be their primary place of residence or the primary place of residence of a family relation. In this case, the

Konstantine Chatzidimos is an associate in the law firm Schwarz Law LLP.

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What is important to understand is that the vast majority of Ontario builders incorporate the rebated amount of HST in their purchase price. purchaser does not have to submit a rebate application directly to the Canada Revenue Agency (CRA). The purchaser will sign the rebate application and provide it to the builder who will then send the rebate application to CRA when the builder claims a deduction in its net tax calculation for the amount of the rebate. Structured this way, the HST is effectively a non-issue for purchasers as the builder takes care of all the paperwork.

In cases where the purchased property will not be the principal residence of the buyer or of a family relation of the buyer, but will instead be an investment property, it is the responsibility of the buyer to inform the builder. This is because the builder must add back the HST rebate to the purchase price which will have to be paid by the buyer upon closing. This does not mean that the HST rebate is lost to the buyer as they will have a two-year period in which to claim the HST rebate directly from CRA, provided certain guidelines are met such as a ‘reasonable expectation’ that the first use of the property is – or will be – by a tenant occupying it as their primary place of residence for at least one year. Required supporting documentation will include the Agreement of Purchase and Sale, the Statement of Adjustments, the insurance policy on the property, as well as the lease with the first tenant. The rebate in this case is calculated the same manner as it is in respect of owner-occupied dwellings.

It is important to note that while investor/purchasers of new long-term rental accommodation are eligible for the HST rebate, speculators are excluded. Anyone who buys and rents a new freehold or condominium home must repay the full amount of the rebate (plus interest) if the property is sold within one year – unless the new purchaser acquires it for use as their (or a relation’s) primary place of residence.

It is also important to note that lying to the builder about your intention to live in the new property when you will, in actuality, rent it out can cause you problems with the CRA. If you do this and the CRA finds out, you will be liable to pay back the full amount of the HST rebate you received on closing plus applicable interest and penalties. In addition, you will be swearing affidavits under oath or affirming the truth and you could be guilty of perjury!

Please note that the underlying legislation is more complex than may appear from a reading of this article; for a comprehensive explanation of the HST’s impact on investor purchasers of new real estate it is strongly suggested that a lawyer be consulted.

Perhaps the most difficult part of writing these articles relates not the actual writing, but thinking of a topic to address. So help me! Mail, deliver or fax letters to the magazine or to us, use the web site (schwarzlaw.ca), email 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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home déCor

Keep calm and

// BY hilarY Farr

Colour on I

ntroducing colour into your home does not have to be frightening. I understand that selecting colours for your home décor may seem like a big commitment and a daunting task. Maybe you are still haunted by a colour catastrophe you’ve made in the past. Beware: fear of failure can stop you in your tracks and leave you forever marooned on the island of BEIGE! So, take a deep breath and read on. The following tips should help you feel more confident in making your colour choices and help you on your way to designing the beautiful home you’ve always wanted.

One of Toronto’s top home designers and co-host of W Network’s Love it or List it, Hilary Farr brings a unique sense of international design from her past. Born in Toronto, she’s lived in Australia, England, California and New York, and is now happily back home in Canada. She was one of the first designers in Toronto to “stage” properties for sale and has since watched that industry flourish. hilaryfarrdesign.com

Colour and You

The first thing to establish is the overall mood you want to create in your home. Colour has psychological value and can literally change your mood and the way in which you interact with your surroundings. For example, dark red can make some people feel angry and should be avoided as the main colour of a room. However, colour is an element of design that projects your personality. If red is “you”, and you love the colour, there are ways to bring it into your home without causing you to start throwing your best china at the wall in a fit of fury.

Continued on Page 66…

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home décor

continued…

Beware: fear of failure can stop you in your tracks and leave you forever marooned on the island of BEIGE! Earth tones and soothing colours project peacefulness and tranquility, while dark and bold colours project drama and confidence. You can express your personality with colour and can get the best of both worlds. Choose calm earth tones in your main living areas with accents of red in the carpet, pillows or artwork. This works with any strong colour that you love and won’t overpower your space or your emotions.

Maybe the time has come to acknowledge that you aren’t necessarily the same “you” that painted everything orange when you moved in. Your tastes have evolved and matured and it’s time to be more sophisticated with your choices. However, if the problem is that you are stuck in a rut of “safe” colours, then express yourself and be bold and adventurous. Either way, when you want to start a whole new colour palette, start by emptying one room of all your furniture and paint out any existing colours. The colours you try out won’t be influenced by your existing rugs, curtains and furniture. You will hit upon the colours that thrill you in this empty space and once you have achieved that, the rest will fall into place to create a whole new look.

Once you decide to start fresh with a whole new colour palette, think about creating a connection between the rooms. This does not mean the colours should “match,” it does mean that you must choose a colour scheme that is cohesive with the rest of your décor. Choose fabrics of differing colours and textures that incorporate various tones of your dominant colour.

You can accomplish this in subtle ways, it’s as simple as a throw over a sofa or chair. If you want to go wild and have one space that is a stand-alone colour, go for it!

But choose a small space such as a powder room.

Colour and Lighting

Our environment has a significant effect on how we see colour in our home. The same colour will appear different when exposed to natural light versus artificial

light. Considering lighting is crucial when choosing colours and can help you avoid making costly mistakes.

Be sure to consider the interaction between the colour you choose and the type of artificial lighting in the room. You should also think about the direction that the natural light will be coming in from when choosing colour schemes in your home. For example, since an east-facing room receives a lot of sunlight in the morning but the light fades throughout the day, play on that change of lighting by pairing both warm and cool colours together. With west-facing rooms, that muted light in the morning will morph into a brilliant warm glow in the evening and warm colours in these rooms can be dramatic, but overpowering. Neutrals will create a balance. Add colour with accessories. Then there is the drama of night lighting where the shadows that are cast can change the look of the room completely. Try using darker tones if the room does not get much natural light or is one you will use mostly in the evening.

Whatever you decide to do in your home: don’t choose a colour scheme that is based on a trend. The most important element of success is knowing what colours make you feel good in your home. Ultimately, you hold the power to create the home that reflects who you are.

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QUICK TIPS

// BY HELLEN BUTTIGIEG

can ORGANIZING that keep MYTHS you stuck to get herself organized was a few containers; what she really needed was to learn a bit about organizing.

Before you go out and spend money on containers or other organizing products, do some preliminary work and planning. The first thing I recommend is purging. Only when you know exactly what it is you need to store, how much of it, and where the most suitable location is to store it, should you go out and purchase containers. And don’t forget to measure first. Bringing home the wrong containers for the job simply creates more clutter.

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

Contact Hellen at 905.829.2219 or info@WeOrganizeU.com

I

2 | MULTI-TASKING IS ALWAYS PRODUCTIVE. FALSE. Although useful in some situations, multi-tasking can cause you to lose your focus and make costly and time- consuming mistakes. When working on important tasks, multi-tasking is probably not a good idea. Some things require your undivided attention.

Multi-tasking distracts us from being in the present moment, which can drain our energy and leave us feeling exhausted and unfulfi lled. Next time you are participating in an activity, be with that activity (rather than thinking about all the things you should be doing instead, or have to do later). Resist the habit of trying to do two things at once.

3 | BEING MESSY AUTOMATICALLY MEANS YOU ARE DISORGANIZED. FALSE.

t’s time to dispel some organizing myths that may be keeping you stuck and getting in your way of a more organized life. I’ve focused on the five most common beliefs about organizing, so you can get clear on what works and what doesn’t. Once we bust the myths, you’ll be on your way to organizing yourself like a pro.

Organizing is not about how it looks; it’s about how it works. Visual, creative types need to have things out where they can see them, because out-of-sight is out-of-mind for them. This may cause their spaces to appear disorganized to others, but they probably know exactly where everything is. The flipside of this is that visual types lose focus when there is too much to look at, so they need to find products that will allow them to contain their stuff to keep down the visual clutter. For example, a literature sorter allows them to contain their papers while still keeping them within view.

1 | CONTAINERS WILL ALWAYS GET

people say, “There’s no way I could get organized because I am too sentimental – I don’t want to get rid of everything.” Although you shouldn’t keep things you don’t like or will never use, there’s always a way to either display or store the things that matter. For example, shadow boxes or display cases allow you to protect as well as showcase the possessions that truly mean something special to you.

YOU ORGANIZED. FALSE. Contrary

to what the ads want you to believe, containers alone are not the answer to your organizing dilemmas.

They can even become part of the problem. Take Nancy, for example.

She purchased several large plastic containers to organize her craft supplies and memorabilia. But she still couldn’t find what she was looking for when needed. She mistakenly thought all she needed

4 | YOU HAVE TO TOSS EVERYTHING TO GET ORGANIZED. FALSE. I often hear

5 | IF YOU WRITE IT ON A TO-DO LIST, IT WILL GET DONE. FALSE. I had a client

who was so proud of her to-do list: it was prioritized, colour-coded and categorized – yet she was frustrated and overwhelmed at how many things on the list were not getting done. To get anything accomplished you have to actually schedule time to do the things on your list. Simply putting a task on a list is not a commitment – blocking time on your calendar to do it is.

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homebuyers’ help

A language lesson for the homebuyer

Searching for a new home? There’s some lingo to learn. These definitions are not technical or legal, but should help you better understand the homebuying process. › Amortization Period The ­number of years you have to make mortgage payments. At the end of the amortization period, your ­mortgage is finished and the bank no longer has any claim to it. › Builder The company responsible for c­ onstruction of the condominium or home. The builder buys the serviced lots from the ­developer, and is responsible for ­digging the hole, pouring the foundation, ­construction and finishing the project. In most cases, the builder does not subdivide the land, bring in services or grade the land. The d ­ eveloper does this (also see Developer).

Some builders are also developers. › closing date The date upon which title to the home is transferred from the builder to the buyer. On this day, the house is legally yours and you can move in. ­­­­ minium › Common Areas Those areas in a condo­ development that are ­enjoyed by all r­ esidents. They can include fitness facilities, meeting rooms, saunas, barbecue areas, etc. › Condominium Corporation The ­condominium corporation owns and operates the condominium and the lands. The corporation is comprised of all ownership within the complex. The corporation is responsible for orderly operations of the condominium, including arranging the ­maintenance and keeping money in reserve funds for future common area repairs. › deposit The sum of money given to the builder to hold your unit and begin construction of your home. › Developer The company responsible for taking raw land, bringing in the services (sewers, water, etc.), building the roads and grading the land to efficiently drain surface ­water. The developer then sells these lots to the builder. Sometimes the same company takes on the role of developer and builder (also see Builder). › down payment The total amount of money you put down on the home when you take o ­ wnership. › Draft Plan Approval The plan of the s­ ubdivision must have this approval in order for the builder to

legally sell lots. Draft plan approval means the municipality has approved the ­developer’s plan for the community subject to the developer fulfilling certain obligations set down by the municipality. › Freehold A form of land ownership which gives the purchaser exclusive title to the land purchased.

Exclusive ownership means ­exclusive responsibility for the maintenance and ­expenses of the property. › interest The lending institution will quote you a percentage rate. Whatever rate you are given, you must pay this portion of your principal to the ­institution each year. These payments are what you give the ­institution in exchange for it lending you money.

The amount is calculated into monthly ­payments and added to the amount of principal you must pay off each month. The total is your monthly payment. › pre-delivery inspection (pdi) This is an inspection of a new house or condo done by the purchaser in the company of the builder’s representative. It should be done three to five days before you take occupancy.

Everything that is not to your ­satisfaction should be noted on the builder’s PDI Report Form and on the Tarion Warranty Program c­ ertificate. › principal That portion of your monthly payment which goes toward paying off your mortgage is your principal payment. › registered subdivision A builder cannot get a building permit for construction of a house unless the plan of subdivision is registered. Once a plan is registered, you know that the design and standards presented by the developer have been approved by the municipality (also see Draft Plan Approval). › specification sheet This is a sheet given out by new-home sales agents stating the standards the home will be built to, such as type of flooring to be used, the electrical systems, the type of heating systems, etc. › subtrades The trades often hired out to other companies to assist them in completing their work (also see Trades). › trades The builder often hires other companies to construct the home, install heating and plumbing and finish the home. These hired companies are the trades.

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style file

home sweet home office // by Yanic Simard

Entrepreneurs, freelancers and more big corporation employees are skipping the

commute and working from home.

Even if you can’t do everything at home, chances are you take work home with you from time to time to catch up or get ahead. Being as productive as possible at home means having a dedicated workspace – no matter the size of your place.

Location, Location, Location

If you don’t have a separate room devoted as an office, then your first step will be deciding where it should be located. You may want to draw out your floorplan on paper and try it in different locations until it feels right.

Consider nook/alcove areas, corners, and areas in front of windows.

The Work Surface

Having some sort of furniture piece to act as a ‘desk’ is the key component to a home office (and no, it can’t be the coffee table in front of the television). It has to be a single item with a surface, whether large or small, that has only one purpose: to serve as a workstation so that your mind knows to focus on work when you’re sitting at it.

If you use the same surface you use for other activities (such as eating) your mind will tend to wander off and want to take part in those other things it’s known to do there. Your work surface doesn’t have to be the ‘typical desk’ – you can have fun with this piece and 072 new Condo Guide febRUARY 9 - 23, 2013

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use something non-traditional depending on your creativity and the amount of space you have. For example, a console, bar cart or floating shelf could all work well for this application.

Keeping Organized

Maintaining a clutter-free area while working is very important because clutter equals distraction. Utilitarian boxes, glass vases, pegboards and vertical shelving can all be good storage solutions for items like your pens and paper.

Let There Be Light

Cut down on eyestrain and headaches by making sure there is ample lighting in your work area. Position your computer monitor so there’s no glare from a window or overhead light, and invest in a good task lamp for your desk. My favourite desk lamps are: No.118 Boi Desk Lamp by David

Weeks from Avenue Road; Tico Table Lamp from Elte; and Fork Table Lamp from Light Form.

Take a Seat

Choosing the right chair has a lot to do with how often you will be sitting in it. If you plan on spending eight hours a day at your desk, investing a little more in something well composed ergonomically would be a wise decision. If you’ll only be seated for an hour or two, something more along the lines of a side chair will fit the bill just fine.

Yanic Simard is the principal designer of the Toronto Interior Design Group.

Specializing in residential and commercial projects, Simard often applies his signature high/low and old/new combination design techniques in developing unique designs. Simard has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca. febRUARY 9 - 23, 2013 new Condo Guide 073

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industry news

John Philp (expansion campaign co-chair) and family

Peter Gilgan in front of the new living wall

Wellspring Cancer Support Foundation opens newly expanded centre

Bruce & Betty Birmingham and Peter Gilgan are lead donors In response to overwhelming demand for programs, Wellspring Cancer Support Foundation recently completed a multi-million-dollar expansion of its Halton Peel Facility in Oakville, with the grand opening taking place on Dec. 18.

The expansion was made possible by a generous lead gift from Betty Birmingham and her late husband Bruce, as well as the support of Mattamy Homes, notably founder and CEO Peter Gilgan. Mattamy built the original Wellspring Halton Peel centre more than 10 years ago, and has now donated the entire cost of the expansion construction. The centre has been renamed Wellspring Birmingham Gilgan Centre in their honour.

“We are so proud to be involved with Wellspring and help them in their mission of meeting the needs of individuals and families living with cancer,” says Gilgan. “Providing a home for their tremendously valuable work was a natural fit for us, and we truly believe that it was important for us to support it. The new facility is going to enable Wellspring to bring its programs to so many more people who need them.”

The newly expanded centre allows Wellspring to increase its offerings of more than 45 programs for cancer patients and their families, many of which were not previously available in the area. The addition of a state-of-the-art teaching kitchen will host Wellspring’s Nourish program, which provides hands-on cooking classes teaching cancer patients and their caregivers strategies for healthy eating during and after treatment.

Wellspring Birmingham Gilgan House will also offer the innovative Money Matters program which helps people cope with the financial burdens of living with cancer.

Money Matters provides professional financial management and helps with applications to assistance programs, including access to treatment options not covered by OHIP. Wellspring clients are thrilled with the new centre, recognizing the importance of making Wellspring programs more accessible.

Dr. Alexandra Ginty, family physician and breast cancer survivor explains: “Birmingham Gilgan House is a place of positive energy and authenticity – it will allow even more patients and their families to access Wellspring programs. It is a prescription that is often overlooked but one I consider fundamental.”

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YOUR CONDO

THE ABCS OF CONDOMINIUMS

How to choose the one that’s right for you THERE ARE ALMOST AS MANY TYPES of condos as there

are kinds of people who want to live in them.

Residential condominiums can range from high- and low-rise buildings to townhouses, duplexes, triplexes, single-detached homes, freehold plots and even mixeduse condominiums that include retail or commercial space. They can feature a wide variety of amenities designed to suit almost any budget or lifestyle.

If you’re in the market for a condo, Canada Mortgage and Housing Corp. (CMHC) offers the following tips to help you make sure your new home meets your needs, preferences and price range.

Be aware of what is and what is not included in the purchase price. For instance, are amenities such as

pools and parking available? Are finishes within the units included? Are utilities (gas, electricity and water charges) covered in the monthly condominium fees?

These questions must be considered when comparing the overall costs of different condominiums.

Investigate the condo’s set of rules, regulations and bylaws. These can range from restrictions on the

number of unit occupants to limits on pets, noise and parking. These rules are designed to ensure that the condominium is properly operated and maintained, that the rights of each owner are protected and that the living environment stays peaceful and harmonious.

Make sure to read a copy of the rules before you make any decisions. This information should be readily available from the seller, property manager, Board of Directors or the condominium’s governing documents.

Know the unit’s boundaries, which may vary considerably from one condo to another. In some

condominiums, the boundaries of your unit could end behind the interior drywall of the dividing walls. In others, it might only go as far as the wall’s centre line.

For a freehold, or a bare or vacant land condo, the individual unit encompasses the entire house, including the exterior walls, roof and even the land surrounding it.

Make sure you understand exactly where your unit’s boundaries begin and end, especially if you’re

planning to carry out any alterations or renovations.

Determine whether your condominium includes some “exclusive-use common property elements.”

These are areas such as balconies, parking spaces, storage lockers, driveways and front or rear lawns.

While these spaces are for your exclusive use, there may be restrictions on how and when you can use them. For example, you may not be able to park a boat, RV or commercial vehicle in your assigned parking spot, or there may be restrictions on what you can place on your balcony.

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

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WELCOME HOME A boutique seven-storey loft residence on College is Toronto’s hippest place to be. IT Lofts sits in Little Italy/Little Portugal surrounded by great nightlife, charming shops, cafés and restaurants that offer a modern European sensibility you won’t find anywhere else in the City.

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* See Sales Rep for more informaion.

Rendering is an artist’s impression. All prices and specifications are subject to change without notice. E.&O.E. Brokers Protected.

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buying tips

10 tips

for new-condo buyers

Buying a home is the biggest

purchase most of us will make so it is vital to do your homework to ensure your new home fits your lifestyle and meets your expectations.

An important part of this preparation process is to learn more about all the benefits and resources available through Tarion Warranty Corporation, a private company established in 1976 to provide protection for all consumers who purchase a new home or condominium in Ontario. Tarion does this by licensing and regulating Ontario’s home builders and managing a guarantee fund to ensure that consumers receive the new-home warranty coverage they are entitled to.

Tarion has provided the following tips to help guide new-home buyers through the purchasing process: 1 | Choose the type of home that meets your lifestyle Read the real estate section of your local paper (editor’s note: or New Condo Guide) for information about new developments. Also, check out builders’ websites.

2 | Determine what you can afford Meet with a financial representative to determine a mortgage amount that you can comfortably afford. This ensures that you spend your time wisely on homes within your price range. You should also consider getting a pre-approved mortgage.

continued on page 82…

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

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Rendering is an artist’s impression. Prices and specifications are subject to change without notice. E.&O.E. January 2012 febRUARY 9 - 23, 2013 new Condo Guide 081

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buying tips

continued…

Meet with a financial representative to determine a mortgage amount that you can comfortably afford.

This ensures that you spend your time wisely on homes within your price range.

3 | Research your builder A call to 1.877.9TARION or a visit to www.tarion.com will give you access to information on registered home builders in Ontario, including their customer service record with Tarion.

When you find a builder you like, talk to them about previous developments, and go straight to the source by asking current homeowners questions about their homes and neighbourhoods.

4 | View Tarion’s online education seminars Understanding Warranty Coverage is designed to help you understand your statutory warranty coverage and the process for addressing warranty-related matters.

View it at your convenience and quickly move through the presentation to topics that interest you most. Visit the Tarion website for details.

5 | Talk with a real estate lawyer It’s important that you meet with a real estate or condominium lawyer before signing an Agreement of Purchase and Sale to make sure you understand exactly what is and is not included in the price of your new home.

6 | Read Tarion’s Homeowner Information Package Take the time to review Tarion’s Homeowner Information Package, which your builder will give to you before or during the pre-delivery inspection for your new home. This brochure, available at www.tarion.com, explains your new home’s statutory warranty, and the responsibilities of you and your builder.

7 | Prepare for your pre-delivery inspection Be prepared for the pre-delivery inspection (PDI). It’s your chance to do a thorough inspection of your new home to identify any items that are incomplete, damaged, missing or not operating properly, and have them taken care of before you move in. This is also a prime

opportunity to ensure that everything has been built according to your Agreement of Purchase and Sale.

8 | Become familiar with the new-home statutory warranty and submit forms on time Familiarize yourself with the statutory warranty by visiting www.tarion.com. You’ll find out more about what is and what isn’t covered by the warranty as well as time lines and procedures to follow should a warranty-related item need attention. You can also register for MyHome, a web-based service that will allow you to manage your warranty online.

9 | Maintain your home through the seasons It’s important to remember that ongoing maintenance helps to ensure that your statutory warranty is protected. So, after you’ve moved in, follow an annual maintenance routine and help keep your new home in top shape.

10 | Enjoy all your new home has to offer! You’ve done a lot of research, decision-making and waiting by the time your reach this point. Now it’s time to enjoy all the wonderful things your new home has to offer. Tarion has a wealth of resources available for new-home buyers and homeowners.

Check out tarion.com for more information. NC

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on the your ou can just the ever . And ternet is search y. ing a save a lot ng their . ales out a

tHe mortgage miNute

// by Peter KiNcH

mortgage smarts

I

Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan Visit peterkinch.com or contact him at peter@peterkinch.com

Time is your ally.

Time can turn any bad real estate decision into a good one.

Separating fact from fiction for first-time buyers

f you’re a first-time homebuyer, you’re hearing a lot of talk in the real estate market these days. Will prices go up? Will the market crash?

Will I ever be able to afford a house?

How will the new mortgage rule changes affect me? How will I ever pay off this debt?

It’s easy to get caught up in all the noise, but harder to separate the fact from the fiction. As I edge closer to celebrating my first half century on this planet, I find myself using the phrase “if I knew then…” more and more – which got me thinking about the next wave of first-time homebuyers, and what pearls of wisdom I could bestow upon them.

I had an interesting conversation with a colleague the other day regarding property values in Vancouver. He relayed to me a story of a friend who bought a house on the west side of Vancouver in the mid1990s, which is now worth more than four times the amount he paid. In terms of equity, it was the equivalent of winning the lottery. We pondered the question, “What will people be saying 20 to 25 years from now?” Is it quite possible that a young, 25-yearold couple today might, in the year 2033, look back and say “If only we had bought that house back in 2013?

Why didn’t we? Oh ya, there were new mortgage rules and a lot of global uncertainty….”

Here are a few things I’ve learned about real estate: 1 Real estate has peaks and valleys, but there has never been a future peak that is lower than the past one.

Just give it time.

2 Time is your ally. Time can turn any bad real estate decision into a good one.

3 Equity is your safety net. It can supplement a pension and give you financial options in later years.

4 Your mortgage is a forced savings program.

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Real estate has peaks and valleys, but there has never been a future peak that is lower than the past one.

Just give it time.

So let’s assume that in 20 to 25 years from now, you’ll be looking back and saying to yourself one of two things: › I’m sure glad I bought that first house, or › I wish I had just bought something back in 2013 A lot of people are in this situation today and paralyzed by all the noise around them. And, in the absence of facts or perspective, fear will take over. So what are the factors that are influencing your decisions today?

New mortgage rules

Yes, there are new mortgage rules that have been implemented over the past few years, but in some respects, this could be to your advantage. Many first-time homebuyers are unaware that they can still buy a home with as little as five per cent down. The main rule change that impacts your ability to afford a home is that you can no longer access a 30-year amortization. Your payments will now be determined based on you paying off that mortgage over a maximum 25-year period. Although this does make your payments a little higher in the beginning, it increases the amount of equity you build with each payment (remember your forced savings plan).

In addition, the rule changes imposed by the government have had the effect they were aiming to accomplish, which was to slow what was becoming an overheated housing market. Again, this is to the advantage of first-time buyers because it will help to bring house prices back within their range.

Global uncertainty

There is no doubt that we live in an age of global uncertainty and face the threat of financial chaos in Europe and a pending credit crisis in the U.S. However, this is not the first time our world has faced these challenges, and it won’t be the last. The key factor to look at is what you can control in your world. Ask yourself about your own employment options and your own employment future.

The key to creating long-term wealth in real estate through equity is your ability to afford your monthly mortgage payments and making them consistently over a long period of time – regardless of what is happening on the other side of the world. If you do so, one day you’ll wake up and realize two things: 1 Your mortgage is paid off, and 2 Your house is worth more than the day you bought it, regardless of what happened during the years in between.

So, if you’re a first-time homebuyer in 2013, here’s my advice to you: create a budget that you can afford and be comfortable with. Buy a home that does not put a strain on your budget.

Focus on taking baby steps and don’t get overwhelmed by the big picture.

Make the monthly payments into that forced savings program called a mortgage, and then let time be your friend and real estate will do what it has done for many generations before – eventually go up as your mortgage goes down. That is what we call “creating equity.”

And then maybe, just maybe, as you’re about to celebrate your first half century on this planet, you‘ll look back and say, “I’m glad I got started in 2013.”

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All amenities are included in the price of entry including bar service after 11:00 a.m. (Toronto, Vancouver) and 10:00 a.m. (Edmonton)

For online bookings go to www.plaza-network.com/booking/FlightInfo.aspx?ECONREF=W2W2013

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designer touch

space with art

Lisa Canning is a designer and owner of Lisa Canning Interiors. lisacanning.ca, 416.587.9780 Headshot photo credit: Larry Arnal

A

rt provides the opportunity to express your style in a very personal way. While art can often get put on the back burner after the dust of a renovation has settled, the personalized story that art tells about a homeowner shouldn’t be forgotten. Today there are many avenues in which art can be purchased, so making your personal mark on your home might be easier – and less expensive – than you think.

The first place I go when selecting art for a client is a traditional gallery.

In Toronto, Canvas and Art Interiors are my two favourites. The staff is trained to assist you in picking just the right piece for you and your space. And best of all, a gallery will often allow you to borrow the pieces for a time period to “test drive” in your home. As the art on your walls can really change the colour scheme and mood of a room, being able to see it in the context of the rest of your space makes for a stress-free investment. A visit to a gallery is also a great way to find new emerging artists, and support their work at more introductory prices.

Additionally, I love to invest in artists by commissioning custom pieces.

When you commission a piece, you can work with an artist to get exactly what you want, and this has yielded gorgeous outcomes for many of my clients’ spaces. Artist Becky Simpson of RLS Studios will take a client’s photograph, enlarge it to their desired size, and through a wax transfer technique called encaustic painting, create beautiful, textured, large-scale works. The texture created through the dripping wax is truly unique. I also love working with New Brunswick-based abstract artist Matt LeBlanc, who will take my client’s paint and furniture colours and create an abstract piece customized to their existing décor. He ships them to me in Toronto and it is always a fun surprise to see what he has come up with. Commissioning a custom piece of art is a great way to support the local art community and to ensure you have a truly one-of-a-kind piece on your walls.

Lastly, I love using personal photographs to create art. This can often be an inexpensive approach when conscious of budget. If a digital image is large enough, I will take it to a local print shop, enlarge the photo to poster size, and place it in a modern frame. With digital software it is also easy to manipulate an image to change the colours, increase the contrast, or crop for dramatic emphasis. Also, Internet sources such as canvasstock.com will take your digital file and transfer it onto a stretched canvas, giving you a gallery look without the gallery price tag.

Art doesn’t have to be complicated. It just has to be “you.” With the multitude of ways that art can be purchased, whether on foot or online, the perfect piece for your space is waiting to be discovered.

Photography by Tanja Tiziana-Burdi

Personalize your

// by lisa canning

PICTURED ABOVE

Add a personal touch to your walls by using your own photographs in a custom painting like this one by Toronto encaustic artist, Becky Simpson of RLS Studios

088 new Condo Guide febRUARY 9 - 23, 2013

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Hot toPic

Location, location,

LocAtion! // BY KArA KurYLLowicz

conSider Your current needS

and look at least five to 10 years into the future when determining a condo location that best suits your family and lifestyle.

“Location is about far more than resale value,” says Eleanor Hughes of Canada Mortgage and Housing Corp. (CMHC). “Location is intrinsically linked to everything from the size of the suite and its features, to the local amenities.

You must figure out what you

need and want [in order] to accurately identify the location that is right for you and your family as you grow and change.”

The size of your home, features and amenities affect the price, but location has the most-profound impact, points out B.C.-based Realtor and past president of the Canadian Real Estate Association (CREA), Georges Pahud. “The land is the most significant cost component and the value attached to that piece of land is most affected by its location.”

To determine the location that best suits you, take an honest look at your needs, then consider features, amenities and, as importantly, lifestyle.

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The current and expected size of your family will help determine the size and layout of the common spaces and the number of bedrooms required. Do you have children, or are you planning to? Do friends and family frequently visit from out of town? Do you need a room dedicated to a home office, gym or home theatre?

Most families want at least one full bath plus a powder room to expedite their morning and nighttime routines and in some cases, the toilet/sink and shower/ tub areas are partitioned to facilitate simultaneous use by family members.

Size

Amenities Whatever your age and stage in life, the distance you travel to work, shop and socialize is a key consideration. If you have children, the proximity to daycare and schools is vital. Do you want to walk, take public transit or drive? What is your maximum roundtrip commute? Living outside of the city may yield more space, but is the longer transit time worth it? Added costs to consider include public transit fares and, if you already own a vehicle, insurance, fuel, maintenance, repair, parking and the additional mileage and wear and tear as a result of the longer commute.

Will a significant change in location mean that you and your family will need to make new friends? What about shopping and socializing at the mall, playing soccer, hearing great music or going to the park?

Features Is a gourmet kitchen with high-end appliances important to you? Do you want a fireplace?

Floor-to-ceiling windows? Hardwood floors? A workshop, hobby room, herb garden?

Does the condo offer security features?

Will you be comfortable walking to the bus stop, or going for a run before dawn breaks or after the sun sets?

Your list of wants and needs will determine your location, but your financial situation also plays a role.

CMHC suggests that monthly housing costs (mortgage and interest payments, utilities, property tax, insurance, condo fees, etc.) should not exceed 32 per cent of the household’s gross income. Your entire monthly debt load (car loans, lines of credit, etc.) should not exceed 40 per cent of the family’s gross monthly income.

“Pre-qualify for a mortgage to precisely determine your housing budget,” Pahud says. “There are infinite options and trade-offs. Sacrificing the high-end finishes may get you the extra square footage. Give up a little

Peace of mind

“ Location is intrinsically linked to everything from the size of the suite and its features, to the local amenities.

You must figure out what you need and want [in order] to accurately identify the location that is right for you and your family as you grow and change.” square footage and you may get closer to the nearest transit stop.”

Once you have a budget, you’ll know whether you can comfortably afford to fulfill your wish list. In real estate, as in life, you don’t always get what you want and chances are, many (if not most) homebuyers will have to compromise around features, amenities and locations.

Central locations typically offer less space but proximity to amenities, while suburban areas may present similar amenities although at some distance.

“A select few can afford a small downtown loft or condo as well as the suburban or rural home, but most of us have to set priorities and make choices,” says Pahud. “If the amenities and lifestyle offered by a certain location are critical, compromise on size and esthetics.” febRUARY 9 - 23, 2013 new Condo Guide 091

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condo watch

previews & registrations Allegra

by Nova Trimax

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

Web: AllegraCondos.com

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

Web: RainCondos.com

Centro Square

by Liberty Development

Skycity Condominiums

by Pemberton Group

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

Web: CentroSquare.ca

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

The Clairington

by Castleridge Homes

Upper Village Markham

by Greenpark

Active adult living in a parkside condominium in Brampton.

Web: TheClairingtonCondos.com

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

Courtyards of Maple

by Marino/Intercity/TriAxis

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

Web: CourtyardsOfMaple.com

Downtown Erin Mills

by Pemberton Group

Coming soon to Erin Mills: condo living with a downtown vibe. Register now.

Web: DowntownErinMills.com

Fairground Lofts

by Wycliffe Homes

Urban lofts are coming to Woodbridge Village.

Register now for preview.

Web: FairgroundLofts.ca

Grand Palace

by Guizzetti Corp.

Register now for the timeless art of living!

Now under construction.

Web: GrandPalace.ca

Limelight

by Daniels Corp.

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

Web: LimelightCondos.com

Park City Condominiums

By Tobyn Park Homes

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

Register now.

Web: ParkCityLiving.ca

Pinnacle Uptown

by Pinnacle International

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

Web: PinnacleUptown.com

092 new Condo Guide febRUARY 9 - 23, 2013

Rain Condominiums

by Empire Communities

Now registering, UV2 – the North Tower.

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

Web: UV2.com

new releases & grand openings Garden Court Condos

by Monarch

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

PSV2 & Parkside Village Townhomes

by Amacon Developments

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

Grand opening.

Web: LifeAtParkside.com

GTA Edition Feb 9 - 23, 2013

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

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

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2/5/13 6:15:15 PM

oximate.

#

Builder

Site

Telephone

16 Vandyk Communities

Windows on the Green

17 Pemberton Group

Downtown Erin Mills Condominiums

30 Pinnacle International

TH* C*

905-822-3333

Price Range

Page

Finder

from $270,000

105

7D

PembertonGroup.com

•

from $250,000

9

6C

Pinnacle Grand Park

905-276-3981

•

from $250,000

102

20L

30 Pinnacle International

Pinnacle Grand Park 2

905-276-3981

•

from $250,000

103

20L

34 Pinnacle International

Pinnacle Uptown, Crystal 2

905-568-9000

•

from $250,000

97

19K

39 The Daniels Corporation

Limelight Condominiums

905-306-6996

•

from $200,000

15

21L

45 Empire Communities

Rain Condominiums

raincondos.com

•

from $400,000

6

17Q

•

from $250,000

16M

from $340,000

20J

1

Pemberton Group

Miracle in Mississauga

905-603-6300

3

Castle Group

Tuscany Gates

905-501-9557

4

Conservatory Group

Mirage

905-232-2400

•

from $250,000

20K

6

Conservatory Group

Widesuites

905-897-8536

•

from $375,000

21K

8

Fernbrook Homes

Absolute Vision

905-803-0556

•

from $188,000

21k

8

Cityzen

Absolute Vision

905-803-0556

from $188,000

21K

•

21K

•

•

10 AMACON

The Residences at Parkside Village

lifeatparkside.com

12 Alterra Homes

Renaissance in Olde Brampton

905-454-7222

•

from $215,000

13d

12 Alterra Homes

Renaissance in Olde Brampton

905-454-7222

•

from $215,000

13d

14 Pemberton Group

Rosedale Village Golf & Country Club

905-799-5000

•

from $190,000

12e

18 Retirement Lifestyle Communities

Palisades on the Glen

905-820-8210

•

from $290,000

17M

19 United Lands

Stonebrook II

905-822-8858

•

22n

21 Casino Bay Dev. Corp./Toddglen

Panoramic Point at Brewery Bay

27 Inzola Group

•

1-866-611-5525

•

from $264,000

7Q

Park Place

905-451-7001

•

from $310,000

14G

31 Pemberton Group

Bluwater Condos

416-987-8800

•

from $350,000

17T

32 Armour Heights Developments

River’s Edge

905-533-2400

•

from $285,000

14A

35 Ashley Oaks Group

Emporium at Joshua Creek

905-618-0660

from $200,000

17P

36 Mady Development

Market Town Condominiums

705-719-1222

•

from $144,000

5r

38 Tridel Corporation

Metrogate - Ventus 2

416-293-5535

•

•

from $302,000

19J

38 Tridel Corporation

Ventus at Metrogate

416-293-5535

•

•

from $302,000

19J

46 Mattamy Homes

The Mount Pleasant Village

•

from $200,000

20M

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

110-Condo_Maps&List.indd 6

•

mattamyhomes.com

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

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

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

26

095

2/5/13 6:15:15 PM

1

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2

3

4

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32 Liberty Development Corp.

40 Nova Trimax 44 Liberty Development Corp.

Centro Square Condos

46 Empire Communities

The Mark

themarkcondos.ca

Town of Markham 7 407

11 Concess ion R

Telephone

The Fountains

10 Concess ion R

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24 Liberty Development Corp.

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26

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Major Mackenzie

34

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23

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44

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24 1

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25

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43 10

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25

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28

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Nashville Rd

Jefferson Sideroad

Keele St

Kirby Rd

24

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Jane St

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c

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Cold Cree

12 Line Rd

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King Rd

23

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b

21 22

Markham

Denison St

Price Range

905-731-8302

•

from $272,000

Royal Gardens

905-889-9997

•

Allegra

905-850-6866

•

905-851-8877

Page

Finder 37

10F

from $229,000

37

14f

from $250,000

99

1F

•

35

4G

•

from $200,000

53

21E

monarchgroup.net

•

from $250,000

16D

1

Monarch Corporation

Garden Court

3

Remington Group

Downtown Markham - Rouge Bijou

905-948-9900

•

from $180,000

18f

4

Tridel Corporation

Renaissance of Richmond Hill

416-736-9500

•

from $720,000

12G

5

State Building Group

Promenade Park

905-709-3352

•

6

Uppercity Village

Greensborough Village

905-489-9964

7

MintoUrban Communities Inc.

WaterGarden

416-915-3800

9

Amicorp

Terraces on the Park

905-265-8739

from $410,000

10g

from $249,000

23e

•

from $254,000

11G

•

from $210,000

3f

•

10 Great Lands Corp.

The Beverly Hills Resort Residences

905-882-6636

from $250,000

13F

11 Triaxis Development Inc/Marino Developments

Courtyards of Maple

416-798-7070

•

from $390,000

8E

15 Emery Condominiums

The Essential

905-887-4888

•

from $250,000

20E

20 Solmar Development Corp

Bellaria Residences

905-417-8482

•

from $240,000

7e

22 Quadra Mgt. & Sceptre Devs.

Renaissance Court at Woodbridge Gates

905-851-4220

•

from $230,000

3G

22 Wycliffe Homes

Fairground Lofts

905-605-5900

•

from $287,000

3G

26 Rice Development

Ambria

905-796-3630

•

from $340,000

3F

28 Chestnut Hill Homes

San Francisco by the Bay

905-831-3631

•

from $180,000

22C

31 Pemberton Group

Miracle at Yonge

905-709-5700

•

from $280,000

12F

31 Pemberton Group

Sky City

905-709-5700

•

from $300,000

12F

32 Signature Communities

TAO Boutique Condos

905-597-2535

•

from $200,000

14F

34 Sierra Homes

68 Main Street

905-305-0822

•

from $250,000

22F

35 Remington Group

Nexus North Condominium Residences

905-948-9900

•

from $200,000

17F

41 Quadcam Development Group Inc

Vista Parc Condominiums

905-850-8883

•

3F

42 Greenpark Homes

The Upper Village

905-554-6501

•

from $288,000

21E

43 Guizzetti Developments

Grand Palace

905-907-4370

•

12E

45 Kylemore Communities

The 6th Angus Glen

905-887-9950

•

19E

*TH: Townhomes, C: Condo

110-Condo_Maps&List.indd 7

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

•

•

from $455,000

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

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

2/5/13 7:52:23 PM

on sale now

2

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

construction has started

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

097-Pinnacle Uptown 08-25-12.indd 97

2/5/13 12:14:21 PM

Scrumpdillyicious

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

Goan-Style Shrimp Curry ingredients

Serves 4

For the marinade

For the sauce

› 1/2 tsp kosher salt › 1/4 tsp ground black peppercorns › 1/4 tsp cayenne › 2 tbsp lemon juice, from about 1/2 lemon › 1 lb large or extralarge shrimp, peeled and deveined

› 1 cup water › 1/4 cup canola oil › 24 curry leaves, roughly torn › 4 dried red chiles › 1 tsp ground black peppercorns › 1 3-inch piece ginger, peeled and minced › 1 medium red onion, finely chopped › 1 tbsp plus 1 teaspoon kosher salt

› 2 garlic cloves, peeled and chopped › 2 tsp ground coriander › 1/2 tsp turmeric › 1 28 oz can chopped tomatoes › 1/2 teaspoon curry powder › 1 1/2 cups coconut milk › 1 cup chopped fresh cilantro

Directions To make the marinade, place all of the ingredients in a large resealable plastic bag, add the shrimp, toss to coat and refrigerate.

seafood recipes, I was delighted when I came across this wonderfully aromatic Goan-Style Prawn Curry by Suvir Saran. Best known for it’s beautiful beaches, rustling palm trees and tropical climate, Goa is equally well known for it’s rich culinary history. A long era of Portuguese rule, combined with that of the Muslim and Hindu kingdoms, has left a permanent influence on the original style of Goan cooking, so that what we see today is an exotic and vibrant cuisine, abounding with intense flavours and robust spices. With over a hundred kilometres of coastline, it’s no surprise that Goan cuisine is famous for its seafood: fish, prawns, mussels, oysters, crabs and lobster dishes are the speciality of the region, characteristically infused with coconut milk, tamarind, chilis and fragrant hand ground masalas, used to flavour most traditional Goan dishes. Served with rice, Suvir’s Goan-Style Prawn Curry recipe is rich and aromatic with complex flavour and a little bit of heat, making this a delicious meal for a warm summer night, or when you need some warming up during a cold winter evening. Easy to prepare, this wonderfully delicious and satisfying curry takes less than an hour to make, making it an excellent recipe to explore the fragrant world of Goan cuisine. always on the hunt for unique

In a deep sauté pan, heat the oil over medium-high heat.

Add the curry leaves and chiles and heat until the curry leaves start to sizzle, about one to two minutes. Add the ground black peppercorns and cook for another minute.

Stir in the ginger, onion, and salt and stirring often, cook until the onion is browned, about eight minutes. Sprinkle with water if the onion and ginger begin to stick to the bottom of the pot.

Add the garlic, coriander, and turmeric and cook until the garlic is fragrant, about one minute. Reduce heat to medium-low and add the tomatoes. Cook, stirring and scraping the browned bits up from the sides and bottom of the pot, for one minute. Increase heat to medium-high and simmer for five minutes, stirring often. Stir in the curry powder and cook for one minute. Add the coconut milk and 1/2 cup of water, and bring to a boil. Add the shrimp and any accumulated juices, and simmer until the shrimp are curled and opaque, about two minutes. Stir in the cilantro.

If desired, serve with rice or naan bread.

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

098 new Condo Guide febRUARY 9 - 23, 2013

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DARE TO COMPARE!

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

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febRUARY 9 - 23, 2013 new Condo Guide 099

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SMART SHOPPER

SMART SHOPPER

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100 NEW CONDO GUIDE FEBRUARY 9 - 23, 2013

100-101 smart shopper FEB-JD.indd 100

2/5/13 2:34:15 PM

5

6 5 X-TILE CANADA Changing up your floors is a breeze with X-Tile’s Easy, Habitat, Serena and Touch series that now come in 17 beautiful colours. This contemporary and versatile look will give the impression you spent a lot more than you did on your flooring. At $1.99 per sq. ft., this is X-Tiles’ best deal to date! Valid from Jan. 26 to Feb. 28.

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FEBRUARY 9 - 23, 2013 NEW CONDO GUIDE 101

100-101 smart shopper FEB-JD.indd 101

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102-Pinnacle-ModelSuite_Feb.indd 102

2/5/13 12:49:27 PM

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

Model Suite Compliments of Pinnacle International www.pinnacleinternational.ca

Pinnacle International’s Country Glamour Model Suite at Pinnacle Grand Park 2, 1,033 sq. ft. Located in Mississauga.

February2013

THANK YOU FOR YOUR OVERWHELMING RESPONSE TO OUR PREVIEW REGISTRATION PROGRAM

PINNACLE GRAND PARK THE M

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103

103-Pinnacle-GrandPark 11-03-12.indd 103

2/5/13 12:14:24 PM

MAKE YOUR MOVE

Moving can be fun and

// BY DAN HOPKINS

KID-FRIENDLY Moving is a family process so share the excitement and responsibilities with every member of the family. Give everyone an age-appropriate responsibility. Kids will enjoy decorating their moving boxes. And when you are in your new home, it will be easier for them to find their stuff.

Throughout the move, stay as upbeat and calm as possible. Give your children a chance to express their feelings and try to be honest about your own feelings. Most children will feel some anger, sadness or may worry about the move. Reassure them they aren’t alone and that it’s okay to have these feelings.

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

M

oving can be stressful for children; the change can be overwhelming.

However, there are ways to make it easier on them.

It’s important to inform your kids about the family’s plans to move as soon as you can. The more time they have to prepare, the easier it will be for them, say child psychologists who suggest that children should participate in the decision-making. If kids feel included and take ownership of their new-home decision, the transition will go much easier.

Make sure children say goodbye to the important people in their lives. Help them prepare a list of phone numbers, emails and addresses.

Involve your kids in the packing process and start packing items you will not need ahead of time. Sentimental items your children treasure such as special blankets or beloved stuffed animals should be kept in a separate bag or box; that way they can keep them close have them nearby on moving day.

Plan a date to tour your new neighbourhood with your family. If it’s not a long distance, why not ride your bikes and scope out your children’s favourite activities and even fast food locations, new neighbourhood tennis courts, soccer clubs and baseball associations.

Check with the local school PTA to determine if there is a welcome wagon program, arrange a tour of their new school and meet the teachers ahead of moving day.

Make sure children say goodbye to the important people in their lives’ help them prepare a list of phone numbers, emails and addresses. Prepare cards that have their name and new address on them to hand out to friends. If you are moving within the same city, try to schedule a few play dates with their friends before your move day.

Give your kids an inexpensive digital camera to take as many pictures as possible of their friends prior to moving day. This way, they’ll have a reason to stay in touch as they share the photos.

Keep them involved with the sports teams they were associated with until the end of the season, so they can maintain their friendships while they make friends in their new neighbourhood.

Child psychology experts agree that if kids know they can stay in touch with friends and loved ones, it will make the move less traumatic.

104 column-dan hopkins-Make Your Move-moving with kids-JD.indd 104

2/5/13 2:34:31 PM

& unwınd INSPIRE

In Mississauga, VANDYK communities has opened the window and let some fresh ideas into the world of condominium design.

Inspiring architecture and a lifestyle that lets you unwind in a natural, Mississauga setting Suites up to 1215 sq. ft. starting from the

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VAND-WIN-A-AD-CG-JAN30-1.indd 1 105-Vandyk-Windows 02-09-13.indd 105

105

13-01-30 2:49 PM 2/4/13 5:20:28 PM

WHERE TO BUY

SEARCHING FOR A HOME

Mass transit, highway construction and other infrastructure are key considerations when planning your purchase // BY WAYNE KARL

EVER NOTICE HOW MANY DEVELOPERS boast their new community is “just minutes from shopping, schools and all the amenities!”? And that “Everything you need is right at your doorstep”?

This is not just marketing gimmickry at work.

These factors really matter, as such attractions are critical in determining a development’s appeal to buyers – for lifestyle and comfort while living there, as well as resale potential down the road.

However, one of those factors carries a little more weight than the others: proximity to infrastructure.

The federal and provincial governments have been spending billions on infrastructure improvements

Prospective buyers, while you’re out there shopping for your new home or condo, take a look around and see how close you are to the nearest highway, subway or light rail transit.

106 NEW CONDO GUIDE FEBRUARY 9 - 23, 2013

106-107 where to buy-Searching for a home-JD.indd 106

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The federal and provincial governments have been spending billions on infrastructure improvements over the last few years to upgrade highways, transit systems, airports and other services such as health care. For housing developments, this means more and better access. over the last few years to upgrade highways, transit systems, airports and other services such as health care. For housing developments, this means more and better access.

In Ontario, for example, expansion of the QEW and Hwy. 403 in and around Hamilton, the extension of the GO train north through the GTA and into areas such as Barrie and improvements to the TTC have opened up new or growing areas.

In such cases, it’s no exaggeration to say the infrastructure developments have allowed new communities to literally sprout up along the way.

Numerous studies throughout North America and elsewhere show that proximity to mass transit and highways has the most significant impact on property values, since it improves residents’ accessibility to a city’s central business district and other areas with employment opportunities.

The greatest benefit, according to Cutting Edge Research Inc., a Vancouver-based real estate consultancy that examines housing trends across the country, is for properties located within 500 metres of stations along new transit lines. Value enhancements can be 10 to 20 per cent higher for homes within this distance than those outside of it.

“Distance is now measured in minutes, not kilometres,” says Don Campbell, president of

Cutting Edge, summarizing a principle that homebuyers anywhere in Canada can follow: as people increasingly factor commuting times into their buying decisions, proximity to transportation is a top determining factor for both convenience and resale value.

This is especially true, given that a new travel-time study conducted for the Toronto, York, Durham and Peel regions indicates highway commuting in these areas is taking noticeably longer than even two years ago.

Prospective buyers, then, while you’re out there shopping for your new home or condo, take a look around and see how close you are to the nearest highway, subway or light rail transit. Then follow the tracks to those housing projects and communities – and your new home – that will make a sound buying decision.

FEBRUARY 9 - 23, 2013 NEW CONDO GUIDE 107

106-107 where to buy-Searching for a home-JD.indd 107

2/5/13 2:34:35 PM

condo watch

new releases & grand openings 36 Hazelton

by Alterra

416

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

Ivory

by Plaza

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

Web: PurePlaza.com

Life Condominiums

by Chestnut Hill Homes

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

Web: 36Hazelton.com

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

Web: LifeCondos.ca

101 Erskine

by Tridel

The Madison

by Madison Homes

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

Web: Tridel.com/101erskine

Grand opening of Top Floors at Yonge and Eglinton.

Web: MadisonCondos.ca

Avani at Metrogate

by Tridel

One Bloor

by Great Gulf

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

Web: Tridel.com

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

Web: OneBloor.com

The Bond

by Lifetime Developments

Picasso

by Monarch Corp. & The Goldman Group

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

Web: TheBond.ca

E Condos

by RioCan, Bazis, Metropia

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

Web: ECondos.com

Exhibit

by Bazis, Metropia, Plaza

Limited edition penthouse collection at Bloor and Avenue Road.

Web: Bazis.ca

Fuse 2

by Neudorfer Corporation

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

Web: FuseCondos.com

Gramercy Park

by Malibu

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

Web: GramercyPark.ca

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

Web: MonarchGroup.net

Rise

by Reserve Properties

Downtown living at a mid-town price.

Grand opening and new release.

Web: RiseCondos.com

River City 2

by Urban Capital

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

Web: RiverCityToronto.com

Vivid

by Pemberton Group

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

Web: VividCondos.com

X2 Condos

by Lifetime & Great Gulf

Sophisticated condominium now under construction at Jarvis and Charles.

Web: X2Condos.com

Imperial Plaza

by Camrost Felcorp

New suite release at Yonge and St. Clair.

Book your private appointment today.

Web: ImperialPlazaToronto.ca

continued on page 116…

108 new Condo Guide febRUARY 9 - 23, 2013

108_116 condo watch 416-JD.indd 108

2/5/13 4:22:05 PM

GTA Edition Feb 9 - 23, 2013

Your complete source for condos, lofts and townhomes in Toronto

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

109 CG Tor Sec-JD.indd 109

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110

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

# Builder 2 Great Gulf Homes 6 Cresford Development Corp.

11 Menkes Developments Inc. 21 Easton’s Group 22 Monarch Corporation 32 Madison Homes 37 Cresford Development Corp.

59 Lindvest 64 Lamb Development Corp.

85 Harhay Developments 85 Carttera 117 Bazis Inc. 120 The Daniels Corporation 126 Great Gulf Homes 126 Lifetime Developments 129 Concert Properties 131 Lanterra Developments 133 Tribute Communities 137 Alterra Homes/Finer Space 140 Eden Shaw 140 45 Charles Ltd. 148 Graywood/Beaverhall Development 149 Camrost - Felcorp 171 Camrost - Felcorp 179 Graywood Developments 189 The Daniels Corporation 192 MintoUrban Communities Inc. 193 Burnac Corporation 200 Freed 200 Carttera 202 Bazis Inc. 202 Rio Can 202 Metropia 206 Mod Developments Inc. 1 Goldman Group & Lash Dev. Corp.

1 Goldman Group & Lash Dev. Corp.

1 Goldman Group & Lash Dev. Corp.

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

8 Cresford Development Corp.

8 Cresford Development Corp.

8 Cresford Development Corp.

9 Aspen Ridge Homes 11 Menkes Developments Inc. 13 Streetcar Development 14 Canalfa Group 14 Canalfa Group 15 Urbancorp Development Corporation 17 Malibu Investments Inc. 18 Urban Capital 18 Urban Capital 19 Delpark Homes 20 Menkes Developments Inc. 22 Tridel Corporation 23 Tribute Communities 29 Pinnacle International 29 Pinnacle International 30 Tower Hill Development Corporation 41 Conservatory Group 46 Conservatory Group *TH: Townhomes, C: Condo

110-Condo_Maps&List.indd 1

Site Telephone TH* C* Price Range Page Finder Yonge+Richmond 416-492-7420 • from $290,000 25 16K Merton Yonge Condominiums 416-484-1900 • from $500,000 IBC 14e 365 Church menkes.com • INSERT 14I King Blue Condominiums 416-599-1355 • from $250,000 89 12N Picasso on Richmond 416-495-3549 • from $280,000 INSERT 14M The Madison 416-482-8090 • from $390,000 71 14E Lofts 399 416-867-3999 • from $390,000 136 14L B Streets 416-532-6636 from $300,000 125 13J The Brant Park 416-703-7271 • from $250,000 83 14M One Eleven Condominiums & Lofts 647-347-4111 • 81 13M One Eleven Condominiums & Lofts oneeleven.ca • 81 13M Exhibit Definitive Residences 416-967-7778 • from $800,000 29 14i One Park Place Condominiums 416-955-0559 • from $250,000 14 18J X2 416-927-0080 • from $303,000 10 16J X2 416-927-0080 • from $303,000 10 16J 88 Scott 416-216-8588 • 61 17M Riverhouse at the Old Mill 416-766-7343 • from $520,000 19 5L RCM I on University 416-363-4800 • from $393,000 67 14M Post House Condominium 416-964-2777 • from $350,000 59 16L Chaz 416-922-0045 • from $320,000 41 16J Chaz 416-922-0045 • from $320,000 41 16J The Mercer 416-597-6940 • from $250,000 119 15M Imperial Plaza 416-925-2501 • from $460,000 3 15I Yorkville Plaza 416-966-3003 • • 1 14H Five Condos 416-928-0555 • • from $250,000 77 15J Cinema Tower Condominiums 416-203-2020 • from $450,000 45 14M 30 Roe 416-915-3812 • from $350,000 65 14D South Hill on Madison Condominiums southhillonmadison.com • from $200,000 57 13I SIXTY Colborne 416-601-0060 • from $300,000 87 16L SIXTY Colborne 416-598-7775 • from $300,000 87 16L E Condos econdos.ca • from $300,000 5 14E E Condos econdos.ca • from $300,000 5 14E E Condos econdos.ca • from $300,000 5 14E Massey Tower 416-966-0197 • • from $320,000 55 16L 530 St. Clair Ave. West 530condos.com • from $344,000 12H 500 St. Clair Ave. West 416-868-0500 • from $260,000 12H the rushton rushtonliving.com • from $344,000 12H ParadeTWO Tower Residences 416-813-0999 • from $287,000 15M Grand Parade 2 at Concord CityPlace 416-813-0999 • 15M ParadeTWO Park Collection at Concord CityPlace 416-813-0999 • from $308,000 15M Quartz 416-813-0999 • • 15M Spectra 2 416-813-0999 • • 15N Lumen 416-813-0999 • • 15N Garrison at the Yards 416-260-2600 • from $190,000 14n West Lake 416-260-2600 • from $240,000 14N NXT 2 416-977-5300 • • from $300,000 8N NXT2/Phase Two 416-977-5300 • • from $210,000 8N Corporate 416-977-5300 • • from $300,000 8N NXT 416-977-5300 • • from $300,000 8N VU 416-970-9500 • • from $370,000 16L Pears on the Avenue 416-323-0100 • from $381,000 14I Trinity Lofts 416-690-2988 • from $330,000 19l Liberty on the Park Condominiums 416-537-0047 • from $363,000 12N Liberty Place 416-537-0047 • • from $170,000 12N Westside Lofts 416-516-5848 • from $180,000 12m LTD 416-601-2223 • from $310,000 14M River City 416-862-0505 • • from $250,000 18L River City 2 416-862-0505 • • from $250,000 18L Broadview Villas 416-429-7888 • from $490,000 19g Fabrik 416-591-7700 • from $250,000 14M Ten York 416-596-9888 • 12F The College 416-363-4800 • from $300,000 M14 Success Tower at Pinnacle Centre 416-360-0673 • from $750,000 17m 33 Bay Residences at Pinnacle Centre 416-925-3325 • 17m Churchill Park Condominiums 416-966-9080 • from $900,000 13H Infinity Condominiums 416-214-1988 • from $250,000 16m Milan 416-928-7409 • from $520,000 15I

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

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

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

2/5/13 6:15:09 PM

# 52 52 52 54 55 55 57 58 62 64 66 66 66 70 70 73 73 74 78 81 81 83 83 88 94 99 100 101 101 102 103 103 104 106 106 109 109 110 114 115 115 117 117 118 120 120 122 124 128 130 131 132 132 134 135 135 136 139 141 142 143 144 144 145 145 150 151 151 151 152 152 153 153 153 153 153 154 155 155 156 157 160 162 163 165 170 173 173 175 179 182 182 184 184 185 186 187 188 188 190 191 195 195 197 198 198 207 208 210 215 216 217 218

B

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

*TH: To C: Con

Builder

16K 14e 14I 12N 14M 14E 14L 13J 14M 13M 13M 14i 18J 16J 16J 17M 5L 14M 16L 16J 16J 15M 15I 14H 15J 14M 14D 13I 16L 16L 14E 14E 14E 16L 12H 12H 12H 15M 15M 15M 15M 15N 15N 14n 14N 8N 8N 8N 8N 16L 14I 19l 12N 12N 12m 14M 18L 18L 19g 14M 12F M14 17m 17m 13H 16m 15I

9-9554

*TH: Townhomes, C: Condo

Site

Cresford Development Corp.

Cresford Development Corp.

Cresford Development Corp.

Times Developments Inc. MintoUrban Communities Inc. MintoUrban Communities Inc. Lanterra Developments Great Gulf Homes Pemberton Group Context Development Inc. E-Park Development Emsatec Canada Inc Neudorfer Corporation Madison Homes State Building Group Freed Freed Carlyle Communities Empire Communities Lamb Development Corp.

Lamb Development Corp.

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

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

Longo Corporation Lamb Development Corp.

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

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

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

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

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

110-Condo_Maps&List.indd 2

Telephone

TH* C*

Price Range

Page

CASA 416-977-1100 • from $710,000 The Bloor St. Neighbourhood 416-977-1100 • from $600,000 CASA 2 416-977-1100 • from $250,000 The 500 Condos + Lofts 416-960-0606 • from $400,000 King West 416-367-5464 • from $210,000 775 King West 416-367-5464 • from $330,000 3018 Yonge In Lawrence Park 3018yonge.com • from $390,000 Monde mondegreatgulf.com • from $300,000 The Uptown Residences 416-987-3500 • from $950,000 King West - The Lanes contextkingwest.ca • from $250,000 Foundry Lofts 416-531-7760 from $399,000 Brownstones on the Park 416-531-7760 • from $320,000 Brownstones 416-531-7760 • from $300,000 The Upper Canada Condominium 416-489-5194 • from $1800,000 The Upper Canada Condominiums 416-489-5194 • from $1.8,000 455 Adelaide West - Fashion District Lofts 416-603-6166 • • from $280,000 Fashion House 416-366-0560 • from $250,000 Beach Hill Residences 416-422-0880 • • from $200,000 Schoolhouse 416-979-1333 • from $595,000 Worklofts 416-368-5262 • from $243,000 Flatiron Lofts 416-368-5262 from $243,000 300 Front Street West 416-217-0300 • from $324,000 Reve 416-514-2710 • from $334,000 Pier 27 Waterlink 416-367-3456 • from $300,000 Condos at The Distillery 416-361-1322 • from $400,000 One Bloor Residences 416-922-0081 • from $535,000 Block liveatblock.com • The King East 416-368-5262 • from $300,000 East Condos & Lofts 416-368-5262 • from $310,000 King West kingwestlife.com • from $346,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 Market Wharf 416-861-8181 • from $260,000 Library District Condominiums 416-861-8181 • from $222,000 Brownstones in Davenport Village 416-531-7760 from $245,000 Brownstones on the Park 416-531-7760 • from $260,000 Charlie 416-927-9772 • from $251,000 Ivory On Adelaide 416-862-0888 • from $279,000 Fly Condos 416-979-1333 from $310,000 Condo Living Store 416-979-1333 • Exhibit Definitive Residences 416-967-7778 • from $800,000 Exhibit Definitive Residences 416-967-7778 • from $800,000 U Condominiums 416-546-6605 • from $250,000 One Park West 416-955-0559 • from $406,000 Paintbox Condominiums paintboxcondos.ca • Festival Tower 416-203-2020 • from $350,000 The Pinnacle on Adelaide 416-596-1600 • Bisha Hotel & Residences 416-637-2211 • from $300,000 Art Condos 416-535-7775 • from $230,000 Two Old Mill 416-645-7022 • from $356,000 1717 Avenue Road 416-430-1717 from $1550,000 1717 Avenue Road 416-430-1717 • from $1295,000 Queen & Portland 416-363-4800 • from $315,000 5 St. Joseph 416-928-0555 • • from $250,000 5 St. Joseph 416-928-0555 • • from $250,000 DNA 3 416-929-1030 • from $220,000 Downtown 416-598-5088 • from $210,000 12 Degrees 416-408-1200 • from $350,000 The Berwick 416-922-9425 from $280,000 The Grove 416-824-3390 • from $840,000 Riverside Towns 416-214-2000 • from $400,000 Riverside Towns 416-214-2000 • from $400,000 KEW Beach Living 416-690-0101 • • from $350,000 KEW Beach Living 416-690-0101 • • from $350,000 Studio on Richmond 647-352-7736 • from $300,000 Backstage on the Esplanade 416-777-2533 Backstage on the Esplanade 416-777-2533 Vero verocondos.ca from $250,000 Theatre Park 416-422-0333 • from $380,000 Theatre Park 416-422-0333 • from $490,000 Tableau Condominiums 416-591-8887 • • from $450,000 Tableau Condominiums 416-591-8887 • • from $350,000 King Charlotte 416-422-0333 • from $466,000 King Charlotte 416-422-0333 • from $312,000 Tableau Condominiums tableaucondos.com • • from $350,000 Carmelina 416-423-8500 • from $250,000 Yorkville Condominiums 416-987-3222 • • from $550,000 The Bond Condominiums 416-546-7525 • • from $300,000 Showcase showcaseliving.ca • from $210,000 L Tower 416-777-2533 • from $410,000 707 Lofts 707Lofts.com • • from $255,000 Perspective Condos 416-242-3500 from $300,000 King + Condos 416-366-5464 • from $304,000 thirtytwo Camden 416-860-0060 • from $240,000 8 Gladstone 416-690-9009 • from $250,000 133 Hazelton Residence 416-487-9863 • Model Suite of the Month 416-487-9863 • 210 Simcoe 210simcoe.com • Five Condos 416-928-0555 • • from $250,000 Karma 416-551-2744 • from $180,000 Karma 416-551-2744 • Rise 416-546-7399 • from $290,000 Model Suite of the Month • Neon 416-987-7878 • from $210,000 The Carlaw 416-690-8588 • from $200,000 Nero 416-792-6418 • from $300,000 Allure Condominiums allurecondos.ca • from $350,000 Allure Condominiums allurecondos.ca • from $350,000 1000 Bay 416-485-3000 • FAD Condos 416-815-1818 • from $250,000 INDX 416-987-4639 • INDX 416-987-4639 • The Carnaby 416-690-9009 • from $250,000 TUX greatgulf.com/register • from $250,000 Noir menkes.com • 109OZ 416-531-4844 • from $280,000 The Hill 416-408-1200 • from $260,000 The Sterling thesterling1919.com • • from $200,000 Canary District Condominiums 416-603-7576 • from $200,000 101 Erskine 416--480-0700 • • from $250,000 Wallace Walk wallacewalktowns.com • from $210,000 The St Clements 416--778-7070 • • The Perry 416-926-7555 • from $390,000

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

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

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

torontoregionalmaps: Toronto, East York, York

# 52 52 52 54 55 55 57 58 62 64 66 66 66 70 70 73 73 74 78 81 81 83 83 88 94 99 100 101 101 102 103 103 104 106 106 109 109 110 114 115 115 117 117 118 120 120 122 124 128 130 131 132 132 134 135 135 136 139 141 142 143 144 144 145 145 150 151 151 151 152 152 153 153 153 153 153 154 155 155 156 157 160 162 163 165 170 173 173 175 179 182 182 184 184 185 186 187 188 188 190 191 195 195 197 198 198 207 208 210 215 216 217 218

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

112

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

Concord Adex ELAD Canada Liberty Development Corp.

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

*TH: Townhomes, C: Condo

110-Condo_Maps&List.indd 3

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TH* C*

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Page

Corporate 416-813-2999 • • from $210,000 38-39 Dreamtower At Emerald City 416-492-0001 • 69 World on Yonge 905-771-7010 • from $290,000 36 Treviso II 416-787-8882 • from $200,000 27 The Station 416-398-9777 • from $450,000 58 Trio at Atria 416-645-8866 from $258,000 IFC & BC The Avanti Condominiums 416-636-0400 from $375,000 Hullmark Centre 416-733-2883 • from $524,000 Avonshire Parkside 416-730-0300 • • from $579,000 Aristo at Avonshire 416-730-0300 • Aristo2 at Avonshire 416-730-0300 • from $299,000 Tango at Concord Park Place 416-813-2999 • • from $236,000 Discovery at Concord Park Place 416-813-2999 • Discovery II at Concord Park Place 416-813-2999 • • from $210,000 Tango2 at Concord Park Place 416-813-2999 • from $265,000 Pearl Condominiums 416-512-1818 • from $200,000 Platinum Towers 416-512-1818 • from $340,000 Diva DivaCondo.com Argento 416-663-1818 • Alto at Atria 416-645-8866 • from $288,000 The Palm Condominium Residences 416-306-1000 • from $400,000 Gramercy Park Condominium Residences 416-703-2202 • from $600,000 Portrait Condominiums 416-282-9600 • from $300,000 Gibson Square 416-730-9722 • from $363,000 Ultra at Heron’s Hill 416-495-3548 • from $200,000 Yorkland at Heron’s Hill 416-495-3548 • from $300,000 88 416-915-3805 • from $235,000 Flo Condominiums 647-799-0356 • from $250,000 Aura At College Park 416-962-8688 • from $500,000 Gooderham 416-361-1322 • from $410,000 Scenic on Eglinton 416-805-1781 • from $190,000 Emerald City Condominiums 416-492-0001 • from $250,000 Willow Park at Bayview 416-221-6767 • from $466,000 Posh Condominiums 905-771-0134 • from $544,000 Treviso Condominiums 416-787-8882 • from $200,000 LIV Lofts 416-445-5638 • from $250,000 NY Place 416-221-3939 • from $250,000 Canterbury 647-352-2130 • • from $700,000 Flaire Condos 416-445-8868 • from $320,000

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

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

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

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

2/5/13 6:15:12 PM

# 7 7 15 18 20 25 28 28 2 4 6 8 10 11 11 13 24 26 29 33 34 35 37 38 39 42 42 44 45 45 45 46 46 46 50 51 55 56 60 61 61 62 65 70 71 72

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

*TH: To C: Con

1

2

3

4

5

6

8

20

21 22

Humberline Dr

Islington Ave

e

Kipling Ave

al

Bl

vd

Dixon Rd

Rathburn Rd

8

44

19

45

d

Bloor St W

Queensway

70

Park Lawn

35

50 14 51 34

Royal York Rd

Dundas St W

11 53 3 56 39 4 33 37 6

Gardiner Expressway Evans Ave

65

Lakeshore Blvd W

Site Telephone TH* C* Price Range Page Finder One Sherway Condominiums 416-695-3535 • from $273,000 22-23 16G One Sherway Condominiums 416-695-3535 • from $273,000 22-23 16G Ocean Club 416-255-4663 • from $229,000 127 25C Lago 416-495-3544 • from $300,000 INSERT 24c Eleven Superior 416-259-8882 • from $200,000 135 23C Watermark 416-354-2221 • from $320,000 117 19D Terrace on Danforth 416-987-7575 • 37 2F Eau Du Soleil empirecommunities.com/eaudusoleil • from $220,000 7 25B Centro 416-296-1898 • from $185,000 6D Nautilus at Waterview 416-495-3544 • from $400,000 25H Altitude 416-321-1659 • from $230,000 25H Palais at Port Royal Place 416-239-8200 • from $260,000 23F Cloud 9 Condominiums cloud9condos.ca • from $250,000 22B ilofts at Mystic Pointe 416-251-8888 • from $310,000 25G California Condos 416-251-8888 • from $242,000 25g Princeton Manor 905-849-1818 from $210,000 6G Summerside mattamyhomes.com • • from $159,000 3F King’s Way at Swansea Village 416-766-4683 • from $188,000 24G Encore 416-495-3543 • from $200,000 5D Beyond The Sea Star Tower Condominiums 416-979-1333 • • from $400,000 24H Evolution 416-747-9691 • from $250,000 22G Parc Nuvo at Essex 416-231-0999 • from $398,000 22g South Beach 416-252-3000 from $209,000 25H Harmony Village Sheppard 416-493-0123 from $170,000 2C Waterscapes 416-495-3544 • from $390,000 26H Ventus at Metro Gate 416-293-5535 • from $251,000 4c Metrogate Townhomes 416-293-5535 • • from $427,000 4C West Village 416-620-1887 • from $260,000 21F One Valhalla 416-233-5554 • from $239,000 21F Thunderbird 416-233-5554 • from $240,000 21F Triumph At One Valhalla 416-233-5554 • from $230,000 21F IQ IQcondos.com • from $190,000 22G The Masters mastercondos.com • from $200,000 22G Park Towers at IQ 416-253-5838 • from $200,000 22G Vivid 416-239-8200 • from $350,000 23F Westwood Condominiums westwoodAlterra.com • from $300,000 23F Avani At Metrogate 416-293-5535 • from $248,000 4C Jade Condominiums 416-762-8818 • from $250,000 24G Nature’s Path 416-745-6686 • • from $270,000 11E 2150 Condos 416-750-2150 • from $189,000 3E Haven On The Bluffs 416-2621-9555 • from $160,000 3E Lexington 416-638-8444 • from $240,000 21C South Shore mintosouthshore.com • from $300,000 22H Qube Condos 647-351-7823 • from $200,000 24G Me 647-693-7563 • from $150,000 8D Spice Residencies spicecondos.ca • from $200,000 19E

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

110-Condo_Maps&List.indd 4

d

Etobicoke

409

Scarborough

ett R Scarl

Westway

ll R Mi

ve nA

40

27

2A

Horner Ave

*TH: Townhomes, C: Condo

26

1

401

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

9-9554

10

46

Builder Great Gulf Homes Menkes Developments Inc. Graywood/Beaverhall Development Monarch Corporation Davies Smith Queenscorp Residences Liberty Development Corp.

Empire Communities Henderson Development Limited Monarch Corporation Conservatory Group Pemberton Group Lash Group of Companies Camrost - Felcorp Camrost - Felcorp Green Hill Homes Mattamy Homes Georgian Monarch Corporation Empire Communities Beaverbrook Homes Tridel Corporation Amexon Development Corporation City Core Monarch Corporation Tridel Corporation Tridel Corporation Tridel Corporation Edilcan Development Corp.

Edilcan Development Corp.

Edilcan Development Corp.

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

25

d

62

QEW

# 7 7 15 18 20 25 28 28 2 4 6 8 10 11 11 13 24 26 29 33 34 35 37 38 39 42 42 44 45 45 45 46 46 46 50 51 55 56 60 61 61 62 65 70 71 72

24

nR

Martin Grove Rd

60

23

Finch Ave W

Re

h

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

bio

23

7

Finder

Al

Ranforth Dr

Av e

19

xd

Centennial

Da nf or th

18

East Ave Port Union Rd

28

17

Beare Rd

Morrish Rd

Ki

16

Passmore Ave

lva

Sy

15

427

RD

Manse Rd

72

n

to

gs

n Ki

Galloway Rd

St. Clair Ave

Orton Park Rd

Bellamy Rd

McCowan Rd

Markham Rd

Lawrence Ave E

Scarborough Golf Rd

Dr rton

o

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

Victoria Park

g

71 Brim

Eglinton Ave E

f

29

Progress Ave

14

Sheppard Ave E Conlins Rd

2

Brimley Rd

Warden Ave

Pharmacy Rd

e

61

Birchmount Rd

d

Kennedy Rd

Ellesmere Rd

401 Midland Ave

42 55 401 31

Milner Ave

13

Meadowvale Rd

3

Sheppard Ave E

Ave

Morningside Ave

evin

McL

12 Reesor Rd

Huntingwood Dr

c

11 Sewells Rd

Finch Ave E

b

10

Neilson Rd

McNicoll Ave

9

Tapscott Rd

McCowan Rd

A

7

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

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

torontoregionalmaps: Scarborough, Etobicoke

113

2/5/13 6:15:13 PM

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

eE

Rog

Va lle yP ar kw ay n Do

e e Av dbin Woo

d ers R

e

r Av nne O'Co v A e urn Cosb

Ave well Cox

Vau gha nR d

d ue R Aven

d ina R Spad

Eg

We sto nR d

W Ave

St erin Duff

n linto

Jane

24

25

26

1

A

B G era

r

E d St

C

St

C

23 ir Av

A

B

22 St Cla

Park oria Vict

2

d Dr Lair

1

11

E

St

y Ave

3

D

20

21

St Keele

1

F

Jarvis

ersit

E

ore esh Lak W d v l B

y Valle Don ay Parkw

Univ

ne

ve ina A Spad

s dow

in erin Duff

Land

D

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

16

QEW 2

6

F

G

G

Toronto Waterfront

H

H

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

waterfrontmaps: TORONTO

I

114

#

Builder

Site

Telephone

TH* C*

1

PEMBERTON GROUP

Park Lake Residences

416-769-4343

2

MONARCH CORPORATION

Nautilus at Waterview -

416-495-3544

3

CRESFORD DEVELOPMENT CORP.

NXT2/Phase Two

416-977-5300

•

3

CRESFORD DEVELOPMENT CORP.

NXT at Windermere By The Lake

416-977-5300

•

6

PLAZACORP/BERKLEY COMMUNITY

West Harbour City

7

LIFETIME HOMES

8

•

Price Range

Page

Finder

•

from $250,000

3F

•

from $400,000

5f

•

from $210,000

4E

•

from $300,000

11F

westharbourcity.com

•

from $327,000

13E

Waterparkcity – Neptune

416-203-3700

•

13f

CONCORD ADEX

Grand Parade 2 at Concord CityPlace

416-813-0999

•

14F

8

CONCORD ADEX

Lumen

416-813-0999

•

•

14F

8

CONCORD ADEX

Quartz

416-813-0999

•

•

14F

8

CONCORD ADEX

ParadeTWO Tower Residences

416-813-0999

•

from $287,000

14F

8

CONCORD ADEX

Grand Parade at Concord CityPlace

416-813-0999

•

from 293,000

14F

8

CONCORD ADEX

Panorama at Concord CityPlace

416-813-0999

•

from $389,000

14F

8

CONCORD ADEX

Panorama Elite Suites at Concord CityPlace

416-813-0999

•

from $1,135,000

14F

8

CONCORD ADEX

ParadeTWO Park Collection at Concord CityPlace

416-813-0999

•

from $308,000

14F

8

CONCORD ADEX

Luna Vista at Concord CityPlace

416-813-0999

•

from $2,213,000

14F

8

CONCORD ADEX

Spectra

416-813-0999

9

CONSERVATORY GROUP

Infinity Condominiums

416-214-1988

11

URBAN CPITAL

River City 2

416-862-0505

14

CANALFA GROUP

Liberty Central by the Lake

416-537-0047

14

CANALFA GROUP

Liberty on the Park Condominiums

416-537-0047

15

MALIBU INVESTMENTS INC.

LTD

16

CAMROST FELDCORP

18 21

•

•

14F

•

from $250,000

16E

•

from $200,000

10F

•

from $363,000

10F

416-601-2223

•

from $200,000

12F

California Condominiums

sunsetcondos.ca

•

from $280,000

24C

FERNBROOK HOMES/CITYZEN DEV.

Pier 27 Residences On The Lake

416-367-3456

•

from $300,000

11F

GREAT GULF

Monde

mondegreatgulf.com

•

from $300,000

15E

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

114-115-Waterfront Maps & List.indd 100

•

K #

Bu

15

GR

20 DA

18

M

25 QU

28 EM

5

UN

8

CH

10

PE

11

M

13

GR

14

PH

14F

from $250,000

*TH: Townhomes, C: Condo

•

38&39

J

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

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

2/5/13 6:15:32 PM

*TH: To C: Con

Bu

Rd ge id

W

Br

Rd

e or sh

ke

La

ly Bay

E St

n

ee

Qu

ds Q or ue Dr en

in lW

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

ya

Ro

W Rd e

or sh ke

La

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

Rd

ac M Rd

or

rs

sh

ke

ee

La

Rd M id dl e

Sp

W St as

Up pe r

Eg

al W Rd bu rn

th

Ra

Th eC ol leg ew ay

E

Rd Bu rn ha m th or pe

W Rd nd

Du

W

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Ce re m on i

Br ita nn ia

W

Rd ry De r

pe or th m

ha rn Bu

St

W

W sA ve le ee St

Dr

n ee Qu

135

Lago

monarchgroup.net

•

from $280,000

25 QUEENSCORP RESIDENCES

Watermark

416-354-2221

•

28 EMPIRE COMMUNITIES

Eau Du Soleil

empirecommunities.com/eaudusoleil

5

UNITED LANDS

Stonebrook Condominiums

905-822-8858

8

CHESTNUT HILL DEVELOPMENT

San Francisco By The Bay

905-831-3631

10

PEMBERTON GROUP

Bluwater Condominiums

11

MONARCH CORP.

13

14

Whitby

Oshawa

Newcastle 23C

insert 401

24C

from $320,000

117

19D

•

from $210,000

7

25B

•

from $270,000

9E

•

from $180,000

23J

416-987-8800

•

from $350,000

5J

Waterscapes

416-495-3544

•

from $390,000

25C

GREEN HILL HOMES

Princeton Manor

905-849-1818

•

from $210,000

6G

PHANTOM DEVELOPMENTS

Jade Waterfront Condos

416-251-0707

•

from $250,000

24G

•

11F 15E

554

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

114-115-Waterfront Maps & List.indd 101

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

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

waterfrontmaps: GTA

Co

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

an ni a

u

W St

Br it

y7

Hw

from $200,000

25C

115

2/5/13 6:15:40 PM

Ritson Rd S tS eS

Finder

•

co

Page

Scugog

Bloor

Phillip Murr

Manvers

12F 24C

Park Rd S

Price Range

og

Scug

10F 10F

Bloor St

Olive Ave

Sim

16E

Park Rd S

TH* C*

Lake

14F 14F

Stevenson Rd

14F

Thornton Rd

Uxbridge

14F 14F

Centre St.

Kendalwood R

Whitby 7 Waterfront

Gibb St

Lindsay

416-259-8882

MONARCH CORP.

Mary St N

Adelaide Ave

King St W Bond St W

Wentworth St

King

Schomberg

arrard Rd Garrard

Hopkins St

8

401

Central Park

Anderson St

Telephone

Blair St

Cannington

48

arden St Blair SSt Garden

a

Bradford Tecumseth and OceanTottenham Club

Brock St S Henry St Gordon St

Ajax-Whitby

ew

riv

eD

Lak

Shoal Point Rd

Georgina Island 33 cay Bob

East Gwillimbury Further North Waterfront 400

n geo

Bayly St E

Georgina Keswick

Cochrane St

Sim

Westney Rd S

e 401

co

Pickering Beach Rd

Harwood Ave

Finley Ave

ke

La

Dundas St E

Rossland Rd

g Rd ing annin Mann M

n of Tow Town Whitby

Bvv B

Oro

McQuay

Townline ownline Rd

udley Rd Audley

Church St S

Kingston Rd

Ritson Rd N

Brock St N

Beatrice Dryden Bv

127

18

tN eS co Sim

Stevenson Rd

Garden St

Baldwin St S

Taunton Rd W

Rossland Rd

Alliston,

9

Town Oshaw

Thornton Rd

Thickson Rd

Conlin Rd

Country Lane

Salem Rd

Mara

11

9 Eleven Superior

Church St E

Taunton Rd WWaterfront Etobicoke

Town of Ajax

Magill Dr

Adjala

Garrard Rd

Baldwin St N

25

from $250,000

20 DAVIES SMITH

Stevenson Rd

Duffs Rd

Royal York Rd

Park Lawn Cedarbrook T

Coronation R

1

Lakeshore Blvd W

•

Mono

26

8 Concession

416-255-4663 48

10

Garrard Rd

12

Rd

Ashburn Rd

25

15 20 18

Horner Ave Rossland/Winchester R

Lakeridge Rd

Fifth Conces 12 11 9

Halls Rd N

9

24

Village of 16 28 Evans Ave Gardiner Expressway Brooklin 12 1411 Queensway

14F 14F

23

Cochrane

Country Lane

Lake Ridge R

QEW

Audley Rd

Salem Rd

Ravenscroft

93

Barrie

22

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

Delaney Dr

7

21

Dundas St W

Westney Rd N

Church St N

14F

Squires Beach Rd

GRAYWOOD DEVELOPMENTS Shelburne

14F 14F

Riverside Dr Notion Rd

15

7

69

400

20

Brawley Rd Bloor St W

Mississauga Taunton Rd E Waterfront Orillia

400

Beeton, Site

89

Rd

16 Sideline

0

Builder

Brock Rd

Hwy 5

#

Essa

19

Columbus Rd

Bracebridge

Montgomery F

Tosorontio Everett

K

13f 14F

Brock Rd

D

90

Angus

4E

13E

Sandy Beach

nt

Liverpool Rd

Rd

J

Vespra 401

Granite Court Waterfront Lisle

Whites Rd

ak

rlo

u1g0 em ou

Appleview Rd

Sprduce Hill R

ne

Ro

Bu

3F

Glenanna Rd

Sunnidale Oakville

d nR

24 ingsto K

I

11F

27

18

6 Concession

27

Wasaga Beach

Sheppard Ave

ra

69

Brock Rd sR Oak jor Ma Valley Farm

Li

Stroud's

th

Greenwood Rd

Rd

ate Highview Rd

7 Concession

w

Rossland Rd

Liverpool Rd

6

17 d ll R

n tio

13

Fairport Rd

St

11

Tay

nR Devo

EW

ng ill Finch hAve G

Rd

Finder

Midlandd

16

QEW

400

4

a

4ord Concession Dr Ford

Dixie Rd

Altona Rd

m

5

15

4 Sideline R

a St

Rd

Rd

tti

Ind

Q 3 Concession

Oakville Kerr No

7 Rd

14

8 Concession

4 Sideline

e

d Rd RRosebank

ne Li

25

Hine

Rd ne Whites Rd Li

ne Li

6

ne Li

Gon te Rd Thornbury

ian

3 40

Georgian Bay

Br

Rd

5 Concession

9

8

4 Concession Tr af al ga rR d

4

F

Rd is av

l da in

Altona Rd

E

13

Dr

W QECa

Brock Rd

City of Mississauga Mississaug erinag Pick

Co Rid lon ge ial D WhitevalewRd ay r Dr

D

Tr e

W ol fe da le

16 Sideline

M Dr 7issConncession iss au ga Rd

Er

C

ek

te

6 Sideline

B

re

e

d 12 Sidelineie R Paddock Rd ix D

illc

Fi

11ldga 12

10

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

M

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

9

Ranforth Dr

M

0 8 4

Myrtle Rd W Rathburn Rd

Mi

a

3

20 Sideline Rd

4

lv

7n B

so

e th

n

01

6

ke m To

5

24 Sideline

4

9 Concession

4 Sideline R

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

3

dE

t arlet

hy

2 Er

A

5f

1

40

9 Concession

1

16 Sideline Brock Rd Cen tral St

10 e S y Av

rc

0

41

condo watch

continued…

previews & registrations The Britt

by Lanterra Developments

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

Web: SunsetCondos.ca

California Condos

by Camrost Felcorp

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

Web: SunsetCondos.ca

The Carnaby

by Streetcar

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

Web: CarnabyLofts.com

Cinema Tower

by Daniels

416

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

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

Web: CinemaTowerCondos.com

Context King West

by Context

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

Web: ContextKingWest.ca

Dragon Condos

by Ideal Developments

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

Web: DragonCondos.com

Eau Du Soleil

by Empire Communities

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

Web: EauDuSoleilCondos.com

The Epicurean

by Monarch Corp.

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

Web: MonarchGroup.net

Fabrik

by Menkes

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

Web: Menkes.com

FAD Condominiums

by Tri-Win

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

Web: FadCondo.ca

Imperial Plaza

by Camrost Felcorp

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

Register today.

Web: 16FootLofts.ca/cg

Indx Condos

by Lifetime & CentreCourt Developments

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

Web: IndxCondos.com

Jade Waterfront Condos

by Phantom Developments

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

Web: JadeWaterfrontCondos.com

Noir Condos

by Menkes

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

Web: Menkes.com

One Park Place

by Daniels Corp.

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

Web: DanielsOneParkPlace.com

Sixty Colborne

by Freed Developments

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

Web: SixtyColborne.com

South Hill on Madison

by Burnac

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

Web: SouthHillOnMadison.com

Tao

by SigNature Communities

Boutique condos on Bayview in Richmond Hill.

Coming soon.

Web: TaoCondos.ca

Ten York

by Tridel

Rising above it all at York and Harbour.

Register now for your private oasis.

Web: TenYork-condos.ca

Tux

by Great Gulf

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

Web: GreatGulf.com/register

The Upper Canada Condominium

by State Building Group

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

Web: UpperCanadaCondo.com

Vivid

by Pemberton Group

Affordable luxury living at Bloor and Islington.

Register now.

Web: VividCondos.com

Yonge & Rich

by Great Gulf

Live at the centre of it all at Yonge and Richmond. Register for a preview.

Web: YongeandRich.com

Yorkville Plaza

by Camrost Felcorp

Grand opening at this iconic address.

Offering the best things in life right outside your door.

Web: YorkvillePlaza.com 116 new Condo Guide febRUARY 9 - 23, 2013

108_116 condo watch 416-JD.indd 116

2/5/13 4:22:06 PM

2012 WINNER

MOST OUTSTANDING MID-RISE BUILDING

Live where there’s no time limit on enjoyment.

Designed to be a hallmark building featuring timeless elements of traditional architecture combined with modern sensibilities of design and function, this exclusive community will be located just steps from Lake Ontario’s waterfront.

With easy access to public transit and several major highways, Watermark promises to be the perfect place to call home.

1 Bedroom • 1 Bedroom + Den • 2 Bedroom • 2 Bedroom + Den 649 sq.ft. to 1,225 sq.ft.

FROM THE LOW

300’s

$

NOW UNDER CONSTRUCTION

All prices & specifications are subject to change without notice. E.&O.E. All Illustrations are artist’s concept only.

Brokers Protected. 20181. *Limited time offer. Some conditions may apply. See a sales representative for details.

QUE 20181 WM Condo Guide FPG 13.indd 1 117-Queenscorp-Watermark 01-26-13.indd 117

Long Branch

queenscorp.com | 416.354.2221

Kipling Ave.

Brown’s Line

Monday to Thursday 1:00pm to 7:00pm Saturday, Sunday and Holidays 12:00pm to 5:00pm

N

Thirty Fifth St.

PRESENTATION CENTRE 3609 Lake Shore Blvd. W., Suite 104, Toronto, ON

Lake Shore Blvd. W.

117

13-01-04 4:40 PM 2/4/13 5:20:41 PM

breaking ground

A GROUNDBREAKING milestone at The Mercer Pictured above (Left to Right)

Barry Stern, Project Manager and Stephen Price, COO with Graywood developments; Patricia Flemming from Milborne Real Estate; Ami Tamam, President, Paul Cianelli, Construction/ Contracts Manager and Darren Carmichael, Site Superintendent with Beaverhall Homes.

Graywood Developments and Beaverhall Homes recently celebrated

a groundbreaking at The Mercer condominium, now under construction in Toronto’s Entertainment District.

The Mercer is situated within walking distance of significant sports and theatre venues, cultural venues along John Street, numerous restaurants along King and Queen Streets, and fabulous shopping on Queen.

John Street is known as Toronto’s new cultural corridor, with new tree plantings, street furniture, public art and reinvigorated parks creating a memorable pedestrian experience. Plus, The Mercer is situated directly across the street from the PATH System, the world’s largest underground shopping complex that connects 27 km of shops and services.

The Mercer will have retail space on the ground floor. Spectacular amenities begin

with the modern, clean lobby complete with a lush living wall. The condominium will also be home to small and large media rooms, a kitchen/dining space, a party/event room, and a fitness centre with a spa area, plus a lounge and change/shower rooms.

A great selection of suites remains throughout the building. Suites feature nineand 10-ft. ceiling heights (as per plan), linear Italian-inspired kitchens with veneer panels on the appliances that match the cabinet millwork for a furniture look, and most designs include a balcony or terrace. The remaining studios are priced from mid$200s, one-bedrooms from the high $300s, and two-bedrooms from the low $500s.

To make way for construction, the presentation centre has moved to 24 Mercer Street. For more information, call 416.597.6940 or visit themercercondos.ca.

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

WELLINGTON ST. W. WINDSOR ST.

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

CLARENCE SQUARE

MERCER ST.

UNIVERSITY AVE.

416.597.6940

NEW JOHN ST.

THEMERCERCONDOS.CA

KING ST. W. BLUE JAYS WAY

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

SPADINA AVE.

VISIT THE NEW PRESENTATION CENTRE TODAY!

WIDMER ST.

PETER ST.

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

PEARL ST.

FRONT ST. W.

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

febRUARY 9 - 23, 2013 new Condo Guide 119

MERC 27421Condo Guide FA.indd 1 119-Greywood-Mercer 05-01-13.indd 119

2012-12-11 10:00 AM 2/5/13 12:49:29 PM

home safe home

security:

The amenity she won’t do without // by laura malloy

If home is where the heart is, then shouldn’t you

make sure you feel safe and secure in the place where you spend time with friends and loved ones? Security features are a big selling point to condo buyers, and rightly so. If you’re paying condo fees to cover the expenses for security, you should feel safe.

Single in the city

Elaine, having grown up in Langley, B.C. had her worries about living in the big city of Toronto. She never felt safe enough. She lived in an apartment for about two years in the downtown core, then decided she had to leave – it wasn’t a safe place to be alone, and her boyfriend worked a lot of late nights.

From day one of moving to Toronto in her late teens, she swore she’d never buy a home here. She thought if she wasn’t safe in her rental unit, how could she put down a considerable chunk of money toward a home without knowing whether she would ever feel safe?

While searching for a new place to live, one particular condo in North York caught her eye. She was sold by the security features.

Suite security features

As she sat there with a Realtor, she watched visitors come in and be welcomed by the security and concierge. The staff were friendly and welcoming, but were enough of a presence to make people feel safe.

Looking around she saw cameras all throughout the building – in and around the amenities, and security screens at the front desk displaying the cameras’ views.

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2/5/13 2:34:56 PM

Safety measures for a home safe home: Whether you’re at home or out on the town, you should feel that your home is a place of safety.

If you’re in the market to buy, remember to look for some of these features: ›› 24-hour concierge ›› security cameras ›› in-suite alarm systems ›› underground parking facilities ›› friendly staff that make you feel at home

Underground parking was not only a convenience but also a safety measure. There was a separate parking garage for residents and one for guests. There was an in-suite alarm system that allowed the condo dwellers to rest at ease.

At the front door, they simply set a code and closed the door on their way out. If the alarm went off for any reason, security would call first, and if they didn’t get a response they would be at the front door within minutes to check that everything was okay. As well, there was also a fire alarm system that, if it went off, security would call up to the suite owners to check if everything was alright. No answer?

Someone would be at the door within minutes.

Safe living

Elaine was sold. She finally felt safe in the big city – on her own and with loved ones. After living in North York for a couple of years, a friend came to visit Elaine one afternoon and said it was like “trying to get into Fort Knox.”

There are two stages for visitors to go through in order to get into

Don’t let others pressure you into buying or living in a place that you don’t feel comfortable in. If you’re not 100 per cent satisfied, keep looking, and you’ll find somewhere that is a perfect and safe place to call “home.”

“Gatehouse entry, patrolled grounds, programmable elevators and audio/video access systems continue to have their place in new and older condominium communities in the GTA. Buildings without staff still improve their efforts at maintaining secure environments for residents, and many offer different forms of controlled entry, often through enterphone systems connected to individual suites, coupled with access to police, fire, ambulatory help if need be.” febRUARY 9 - 23, 2013 new Condo Guide 121

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2/5/13 2:34:57 PM

home safe home

continued…

the building and into a suite. In the guests’ underground parking visitors have to register their license plate number, name, the name and suite number of the person they’re visiting. Once through the parking security, they are only able to get into the front lobby. Then, they have to call the suite they are visiting to get clearance to come up.

Now Elaine doesn’t worry about being alone in her home. When she’s alone at night, she feels safe and knows there is plenty of help if she needs it. She sleeps better knowing that when her daughters come to visit, they are safe the moment they enter the underground parking area. And now her boyfriend doesn’t work so many nights, so they are able to spend quality time together knowing that their most valuable treasures are safe.

More emphasis continues to be put on lighting in underground and common areas, where panic stations offering two-way communication often exist.

Expert security

“Concierges, whether on shifts or around the clock, provide the most visible means of security. They monitor common areas of the building, the underground and, depending on the extent of the surveillance that particular building offers, they are the ‘eyes’ in all areas in and around the property,” says Mark Cohen, vice-president of The Condo Store and expert in all things condo.

Obviously, the concierge is a bonus to any condo,

but even places that don’t have concierge services can still be safe places to live.

“Gatehouse entry, patrolled grounds, programmable elevators and audio/video access systems continue to have their place in new and older condominium communities in the GTA. Buildings without staff still improve their efforts at maintaining secure environments for residents, and many offer different forms of controlled entry, often through enterphone systems connected to individual suites, coupled with access to police, fire, ambulatory help if need be,” continues Cohen.

Remember that wherever you choose to live, ensure the parking facilities are safe. You want to feel secure when you’re there, as well as know that your car is safe when you’re not around.

“More emphasis continues to be put on lighting in underground and common areas, where panic stations offering two-way communication often exist. These have been complemented as well with other life-saving devices such as defibrillators, oxygen, fire safety, etcetera,” adds Cohen. “Smoke detection and heat detection, among other things, continue to improve as well in terms of accessibility and function. All of these and other innovations continue to evolve as condominiums continue to represent the largest segment of the new-home market today in the GTA.” Your home is an important thing to keep safe, but more importantly, you need to feel safe. Talk to sales representatives and builders about the security features they offer, and don’t stop asking questions until you’re satisfied about your potential new home.

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2/5/13 4:35:08 PM

what's new

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

“Colour has the power to evoke a mood and yellow, in its many variations, represents optimism and light for 2013. Crisp and clear Blue Ice is a perfect partner to Lemon Sorbet. These softer hues bring a high-fashion feel to the home.

what’s new We follow the trends and put together this handy guide of the latest and greatest products on the market and where to find them.

get this look!

1

// by silVana longo 1 Lemon Sorbet, blue Ice $35.99/3.79L MSRP for the Concepts line.

Visit benjaminmoore.ca 2 barrymore accent table, 26-in.H by 22-in. D. $349.

Visit bombay.ca 3 Gretta chair in stone velvet, $2,580.

Visit barrymorefurniture.com

2

3 continued on page 126…

124 new condo guide fEbRUARY 9 - 23, 2013

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2/5/13 2:35:15 PM

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

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

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

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

By appointment at 385 Madison Avenue

MACPHERSON AVE.

AVENUE RD.

Condos at Bloor & Bathurst

PRESENTATION CENTRE

MADISON AVE.

B streets

™

BATHURST. ST.

BSTREETSCONDOS.COM 416.53.CONDO [ 532.6636 ]

DAVENPORT RD.

DUPONT ST.

BLOOR ST.

B streets Condos at Bloor & Bathurst

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

febRUARY 9 - 23, 2013 new Condo Guide 125

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2/5/13 12:14:26 PM

what's new

continued…

Psst!

vaughan mills – more of a good thing An $87-million expansion and redevelopment project is slated to begin this spring at the Vaughan Mills shopping centre. The expansion will add approximately 150,000 sq. ft. to the mall to accommodate 50 new retailers.

Once construction is complete we can expect to see an entirely newly-designed Entertainment court that will build off the existing “Discover Ontario" theme, renovations to the common areas and the food court, a highly visible and distinctive new entrance, and 450 new parking stalls for a total of over 6,500 stalls. Vaughan Mills General Manager, Stephen Gascoine says "We are thrilled to bring the exceptional shopping experience at Vaughan Mills to a whole new level. "With more than 60 per cent of Ontario's population living within 100 km. of the mall, Ontarians will certainly welcome this expansion to an already favourite shopping destination.

126 new Condo Guide febRUARY 9 - 23, 2013

124_126_128 what's new-JD.indd 126

Recalling the streamlined simplicity of French art deco furnishings, the Strand mirrored desk strikes a harmonious balance between understated glamour and functional design. Constructed with waterfall edges, the mirrored surfaces are aged for an antique patina that's complemented with dark metal trim, $1,295.

Visit restorationhardware.com

Make the most of winter hibernating with a deeper, more restful sleep. The next generation of sleep technology from Dormeo, Europe's leading bedding brand's mattress, Octaspring is here.

Named for the patented eight-pillared, honeycomb foam springs which defines the bed's unique qualities as it offers a cradling, comforting support while you sleep. The mattress hails from Belgium like all good things like chocolate and beer. The mattresses range from $1,899 - $4,599 depending on series. Available at Sleep Country.

Visit octaspring.ca for more info/availability.

continued on page 128…

2/5/13 2:35:18 PM

OWN THE BEST ADDRESS ON * ONLY $228,900 THE WATER FROM INCLUDING PARKING AND LOCKER

NOW UNDER CONSTRUCTION! WATERFRONT LIVING IS CLOSER THAN YOU THINK Don’t miss your opportunity to be a part of Toronto’s most successful waterfront condominium! NOW UNDER CONSTRUCTION, Ocean Club offers a great selection of suite designs and exquisite condominium living with gorgeous finishes, resort style amenities and is just steps from parks, trails, shopping, marina, dining and more.

DON’T MISS OUT! Oceanclubcondos.ca Call 416.255.4663 or email oceanclub@bakersales.info to book your private appointment

*See Sales Representative for more details.

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

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

febRUARY 9 - 23, 2013 new Condo Guide 127

SHOR 27950 Condo Guide_CR4.indd 1 127 Greywood-OceanClub 02-09-13.indd 127

05/02/13 9:28 AM 2/5/13 12:14:28 PM

what's new

continued…

Introducing an Urban Classic, the marquee green plaid Egg Chair from the CasaZisi indoor furniture collection. Created specifically for furniture aficionados, this iconic mid-century replica is sure to be the focal point in any room. $885 including ottoman, available exclusively at DOT Furniture.

Visit dot-furniture.com for a location near you.

Get cooking with luxury brand known for high quality, Lagostina. These forged stainless steel blades have a full metal tang extending to the end of the handle. The ergonomic design provides comfort and safety. The set includes: paring knife, utility knife, six steak knives, Santoku knife, carving knife, chef knife, bread knife, sharpening steel and shears. The set comes nested in a chic black wood block and these knives are sure to give you an epicurean edge, $249.99.

Visit lagostina.com

Clutter buildup in the kitchen spells trouble, yet the task of decluttering can cost you time and money. Custom gliding shelf solution for your cabinets is a way to add much needed storage space without breaking the bank. The glides are made from nineply Baltic Birch with melamine bottom for easy cleaning and the steel ball-baring rails can support up to 100 lbs. Prices range from $130 to $190.

Visit glidingshelf.ca for more information.

As gold as it gets. Elegant fl atware isn’t just for special occasions.

Th anks to a stainless steel core, this Rose Gold five-piece set is sturdy enough to be used the rest of the year, too. Pair it with hand-painted plates for an eclectic twist on dining. Plated stainless steel in Rose Gold, set includes Salad Fork, Dinner Fork, Dinner Knife, Tablespoon, Teaspoon, $39.

Visit westelm.com

128 new condo guide fEbRUARY 9 - 23, 2013

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2/5/13 2:35:28 PM

homebuyers’ help

condo buyers’

resource section

You love the condo, see what you can afford!

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

febRUARY 9 - 23, 2013 new Condo Guide 129

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2/5/13 2:47:52 PM

homebuyers’ help

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

example: 5%

25 years

5.82

125 (mortgage amount $125,000)

$

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

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

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

This is the money you will have to borrow.

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

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

Divide by 1,000.

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

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

Bear in mind that this is a rough estimate.

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

130 new Condo Guide febRUARY 9 - 23, 2013

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Mortgage payment calculation chart amortization periods

% Interest Rates

10 years

15 years

20 years

25 years

3.00%

9.65

6.90

5.54

4.73

3.25%

9.76

7.02

5.66

4.86

3.50%

9.88

7.14

5.79

4.99

3.75%

9.99

7.26

5.91

5.13

4.00%

10.11

7.38

6.04

5.26

4.25%

10.23

7.50

6.17

5.40

4.50%

10.34

7.63

6.30

5.53

4.75%

10.46

7.75

6.44

5.67

5.00%

10.58

7.88

6.57

5.82

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.75%

10.94

8.27

6.98

6.25

6.00%

11.07

8.40

7.12

6.40

6.25%

11.19

8.53

7.26

6.55

6.50%

11.31

8.66

7.41

6.70

6.75%

11.43

8.80

7.55

6.85

7.00%

11.56

8.93

7.69

7.00

7.25%

11.68

9.07

7.84

7.16

7.50%

11.81

9.21

7.99

7.32

7.75%

11.94

9.34

8.14

7.47

8.00%

12.06

9.48

8.28

7.63

8.25%

12.19

9.62

8.44

7.79

8.50%

12.32

9.76

8.59

7.95

8.75%

12.45

9.90

8.74

8.12

9.00%

12.58

10.05

8.86

8.28

9.25%

12.71

10.19

9.05

8.45

9.50%

12.84

10.33

9.20

8.62

9.75%

12.97

10.48

9.36

8.78

10.00%

13.10

10.63

9.52

8.95

10.25%

13.24

10.77

9.68

9.12

10.50%

13.37

10.92

9.84

9.29

10.75%

13.50

11.06

10.00

9.46

11.00%

13.64

11.22

10.16

9.63

11.25%

13.77

11.36

10.32

9.80

11.50%

13.91

11.52

10.49

9.97

11.75%

14.04

11.66

10.65

10.15

12.00%

14.18

11.82

10.81

10.32

12.25%

14.32

11.97

10.98

10.49

12.50%

14.46

12.13

11.15

10.67

12.75%

14.59

12.28

11.31

10.85

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 febRUARY 9 - 23, 2013 new Condo Guide 131

129-131_133 HomebuyersResource-JD.indd 131

2/5/13 2:47:52 PM

ONTARIO’S MOST-READ NEW HOMES GROUP WE ARE THE LARGEST MAGAZINE DISTRIBUTION SYSTEM IN ONTARIO. MONH 20375_Longfields NHG Cover Image_Option 1

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Profiling a selection of the GTA’s top home & décor shops and services

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Compare mortgage rates for your best deal CHARTERED BANKS

Variable

6 Months

1 Year

2 years

3 years

4 years

5 years

ATB Financial 3

4 6.30op

3.1 6.30op

3.14 3.7 4.39 6.50op

3.19

Alterna Svgs/Alterna Bk 3

4 6.30op

3.05 3.09 3.09 3.29 6.30op

3.24

Bank of Montreal 3.1

4 6.30op

3 3.04 3.65 4.64 6.30op

3.09

Bank of Nova Scotia 3

4.55 6.45op

3.75 3.89 2.79 4.39 6.50op

3.99

Canadian Western Bank

4 6.45op

3.1 3.14 3.7 4.64 6.30op

5.24

CIBC 3.2

6.70op

3 3.14 3.5 4.39 6.35op

5.24

HSBC Bank Canada 3

2.7 3.95 2.98 4.99 6.35op

3.49

3.15

3.65

3.64

3.69

3.44

3

3

2.79

3.25

3.08

3.09 3.14 3.7 3.64 6.30op

3.79

3 3.05 3.1 3.1 4.00op

3.09

MonCana Bank

2.94

2.99

3.04

National Bank n/a

3.1 3.14 3.7 3.19 6.30op

3.79

ICICI Bank Canada ING Direct

4.45 6.20op

3.05 3

Laurentian Bank n/a

4.4 6.70op

Manulife Bank 3 4.45

President’s Choice Finan

4 6.70op

3.2

2.94

3.35

3.44

3 3.04 2.99 4.64 6.30op

3.29

TD Canada Trust 3.2

3 3.04 3.65 3.49 6.30op

3.29

Airline Financial C.U. 4

2.99 3.25 3.29 3.09 6.25op

3.49

Teachers Credit Union 4

3.05 6.50op

3.15

2.79

3.89

3.29

3.14

Royal Bank 3.2

4 6.30op

4.45 6.30op

3.2

2.94

3.24

TRUST COMPANIES AGF Trust

n/a

2.99

3.1

3.5

3.64

Community Trust

n/a

6.5

3.1

3.35

3.95

4.64

Effort Trust n/a

4.45 6.30op

3.25 3.6 3.9 4.5 6.30op

4.95

Home Trust Company

3.2

5.24

3.95

2.74

3.15

2.99

Investors Group Trust n/a

4 6.50op

3 3.14 3.65 4.64 6.30op

5.24

MTCC 3

4.55 6.45op

3.75 6.50op

4.39

3.99

Comtech Credit Union 2.79

6.6 8.40op

2.99 3.25 3.29 3.19 9.00op

3.29

First National Fin. LP

3.95

2.74

3.09

2.69

3.89

2.89

2.79

OTHER FINANCIAL INSTITUTIONS

2.79

2.89

3.15

FirstOntario C.U. 2.79

6.34op

3.09 3.19 3.24 3.29 6.34op

3.24

London Life n/a

3 3.14 3.65 4.64 6.30op

5.24

MCAP 2.9

3.6 3.95 4.35 4.89 7.00op

5.24

Meridian Credit Union 2.85 4.45

3.1 3.14 3.7 3.4 6.30op

3.28

Parama Credit Union

2.9

3.1

3.15

3.15

3.25

3.5

Steinbach Credit Union

2.5

2.5

2.6

2.8

2.9

3.1

4 6.50op

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

R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE Jan. 28, 2013. Prepared By Fiscal Agents Financial Information Services 905.844.7700

febRUARY 9 - 23, 2013 new Condo Guide 133

129-131_133 HomebuyersResource-JD.indd 133

2/5/13 2:47:52 PM

index of advertisers 45 Charles Ltd. - Chaz

41

Liberty Development Corp. - The Fountains

37

Alterra Homes/Finer Space - Post House Condominium

59

Liberty Development Corp. - World on Yonge

36

Lifetime Developments - Corporate

31

Lifetime Developments - X2

10

Bazis Inc. - E Condos

5

Bazis Inc. - Exhibit Definitive Residences

29

Brandy Lane Homes - The Station

58

Burnac Corporation - South Hill on Madison Condominiums

57

Camrost - Felcorp - Imperial Plaza

3

Camrost - Felcorp - Yorkville Plaza

1

Carttera - One Eleven Condominiums & Lofts

81

Carttera - SIXTY Colborne

87

Chinese Home & Condo Guide - Promo

60

Concert Properties - 88 Scott

61

Concord Adex - Corporate

38-39

Cresford Development Corp. - Lofts 399

136

Cresford Development Corp. - Merton Yonge Condominiums

IBC

Daniels Corp. - NY2 Davies Smith - Eleven Superior

Insert & 49 135

Lindvest - B Streets

125

Luxury Condo & Hotel Residences - Promo

78

Madison Homes - The Madison

71

Menkes Developments Inc. - 365 Church

INSERT

Menkes Developments Inc. - Corporate

INSERT

Menkes Developments Inc. - One Sherway Condominiums Metropia - E Condos

22-23 5

MintoUrban Communities Inc. - 30 Roe

65

Mod Developments Inc. - Massey Tower

55

Monarch Corporation - Corporate

INSERT

Easton’s Group - King Blue Condominiums

89

Monarch Corporation - Lago

INSERT

Eden Shaw - Chaz

41

Monarch Corporation - Picasso on Richmond

INSERT

ELAD Canada - Dreamtower At Emerald City

69

Empire Communities - Eau Du Soleil

7

Empire Communities - Rain Condominiums

6

Empire Communities - The Mark

53

Family of magazines - Promo

132

Flato Development - Arthouse

75

Freed - SIXTY Colborne

87

Graywood Developments - Five Condos

77

Graywood/Beaverhall Development - Ocean Club

127

Graywood/Beaverhall Development - The Mercer

119

Great Gulf Homes - One Sherway Condominiums

22-23

Great Gulf Homes - X2

10

Great Gulf Homes - Yonge+Richmond

25

Harhay Developments - One Eleven Condominiums & Lofts

81

Home Decor & Renovations - Promo

124

Nova Trimax - Allegra

99

Pemberton Group - Corporate

8

Pemberton Group - Downtown Erin Mills Condominiums

9

Pinnacle International - Pinnacle Grand Park

102

Pinnacle International - Pinnacle Grand Park 2

103

Pinnacle International - Pinnacle Uptown, Crystal 2

97

Plaza Premium Lounge - Promo

86

Queenscorp Residences - Watermark Rio Can - E Condos

117 5

The Daniels Corporation - Cinema Tower Condominiums

45

The Daniels Corporation - First Home Longvalley Phase 2

47

The Daniels Corporation - Limelight Condominiums

15

Lamb Development Corp. - The Brant Park

83

The Daniels Corporation - One Park Place Condominiums

14

Lanterra Developments - Riverhouse at the Old Mill

19

Tribute Communities - RCM I on University

67

Lanterra Developments - The Britt

11

Lanterra Developments - Treviso II

27

Liberty Development Corp. - Centro Square Condos

35

Liberty Development Corp. - Royal Gardens

37

Worsley Urban Partners - IT Lofts

Liberty Development Corp. - Terrace on Danforth

37

YYZed Project management - Spice Residences

Tridel Corporation - Trio at Atria Vandyk Communities - Windows on the Green

IFC & BC 105 79 123

134 new Condo Guide febRUARY 9 - 23, 2013

134-Advertiser Index.indd 134

2/5/13 6:15:41 PM

R !

E D ON N U CTI W RU O N ST N O C

SUITES STARTING FROM THE LOW $200s

Limited time incentives. Call today!

1 pm - 6 pm 11 am - 4 pm

DSD_ElevenSuperior_Ad_CondoGUIDE_PostLaunch_Creative14_F3.indd 1 135-Davies-11Superior 02-09-13.indd 135

3/29/12 2:11:01 PM 2/5/13 4:35:13 PM

10’ & 12’ lofts in King West. Cool Layouts, Awesome Amenities in the heart of the Black Tie District at Adelaide and Brant.

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

CAMDEN ST. ADELAIDE ST. W

SPADINA AVE.

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

RICHMOND ST. W N

BRANT ST.

MOVE IN NOW

SPACIOUS LOFTS IN THE $400’s

KING ST. W

136 new Condo Guide febRUARY 9 - 23, 2013

399A 27785 Condo Guide Ad FA.indd 1 136 Cresford-Lofts399 02-09-13.indd 136

2013-02-05 3:16 PM 2/5/13 4:35:17 PM

G

F

P S

P

C U

a

R

GRAND OPENING FEBRUARY 16TH & 17TH

LRT stops along Sheppard Avenue East

PRICES STARTING

FROM $258,000*

LRT train connection to TTC Subway at Don Mills station

TRIO at Atria offers residents the ultimate in convenience, with close proximity to major highways and Fairview Mall, dining and entertainment. Located just steps from TRIO, the proposed Sheppard Avenue East Light Rail Transit (LRT) will provide a reliable, comfortable

Parking Included

and fast way to travel on Sheppard Avenue between Don Mills Subway

CONTACT US

Station and Meadowvale Road.

PHONE 416.645.8866 WEB TRIDEL.COM atria@tridel.com

PRESENTATION CENTRE: 2255 Sheppard Ave. E., Unit 120, North York, M2J 4Y1 Monday to Friday 11 am – 7 pm, Saturday, Sunday & Holidays 12 pm – 6 pm

REGISTER

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

Facebook.com/Tridel

Twitter.com/Tridel

tridel.com

GRAND OPENING FEBRUARY 16TH & 17TH PRICES STARTING

FROM $258,000*

The success of Atria continues with TRIO – the newest address in this North York community.

This 23-storey glass residence offers commuters the ultimate in convenience with its prime location along the proposed Sheppard East LRT** line.

Parking Included CONTACT US

PHONE 416.645.8866 WEB TRIDEL.COM

PRESENTATION CENTRE: 2255 Sheppard Ave. E., Unit 120 North York, M2J 4Y1

atria@tridel.com

REGISTER

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

Facebook.com/Tridel

Twitter.com/Tridel

tridel.com

WALK THIS WAY

Rendering is artist's impression.

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

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

M ERTO N YO NGE TOWNHOM E S

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

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

New Presentation Centre underway.

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