GTA New Condo Guide - Apr 23, 2016 by NextHome

APRIL 23 - MAY 7, 2016 VOLUME 20, ISSUE 9, FREE

GTA EDITION

INSIDE INSIDE THIS THIS ISSUE ISSUE

ANOTE FIRST-TIME THAT THIS BUYER’S CALLOUT IS INTERNATIONAL AND THAT INTEREST THE BAR IS ALWAYS PARADISE ALWAYS YPNH GREY IN COLOURIN TORONTO WHITE MARKET ON BOTTOM OF PAGE

DECIPHERING HIT SHIFT F7 LEGAL AND DISTRIBUTE LANGUAGE SPACING AT 0.2074 INCHES

INTRODUCING

DI A MO ND CUO L L EC T IO N PPER FLOOR SUITES

EIGHT DECADES OF HOME BUILDING. OVER 80,000 HOMES BUILT. TRIDEL COMMUNITIES ARE BUILT GREEN. BUILT FOR LIFE.® ©Tridel 2016. ®Tridel and design, “D” design, Tridel Built for Life and design, Built Green. Built for Life and design are registered Trademarks of Tridel Corporation. Project names and logos are Trademarks of their respective owners. All rights reserved. Illustrations are artist’s concept only. Specifications subject to change without notice. E. &O.E. April 2016.

tridel.com

001-Camrost-Foxbar 04-23-16.indd 1

2016-04-15 10:52 AM

Editors' Notes

Susan Legge Editor-in-Chief / Director of Content Yellow Pages NextHome Email: Susan.Legge@ypnexthome.ca Twitter: @SusanLegge

EXPLORE ERIN MILLS

MORE PHOTOS ONLINE nexthome.yp.ca/erin-mills

Helping you in your journey As you review this issue, we hope the journey toward the discovery of your new home meets your expectations. It’s important to bring a fresh perspective when shopping for a new home or new condo. Unlike a resale property, it’s an opportunity to own a new abode outfitted with the finishes and features that you want, not what the previous owner left behind. Looking for more home options,

news and advice? Visit us online and enjoy an enhanced journey that includes neighbourhood facts and data, as well as a rich listing experience with visuals and floorplans. You’ll be able to connect easily when you see something you love. We even provide exclusive video tours of some of Toronto’s best neighbourhoods. Check out my own ‘hood, The Beaches, noted above. Visit us at YPNextHome.ca

The waiting game

Elisa Krovblit Senior Editor Yellow Pages NextHome Email: elisa.krovblit@ypnexthome.ca Twitter: @ElisaKrovblit

+ get social

Buying pre-construction is a waiting game. You need to plan what your needs will be years ahead – this can be hard for some people. Don’t let the wait deter you. Buying a condo at pre-construction pricing is a great idea. Historically, you’ll find sales prices are always significantly higher when the project is completed. It’s an amazing option that offers you the opportunity to buy the same home for considerably less. Even if life does change and your

needs no longer include the condo you once thought would be so perfect for you, your real estate investment will have gotten you into the market and made you some money. Nothing like making money while you wait! Enjoy this issue of Condo Guide. We’ve got everything, from preconstruction to move-in ready this issue, You’ll also find some great advice in our magazine and online. Check us out at YPNextHome.ca.

Interact with us on social media: ypnexthome

2 YPNEXTHOME.CA

TCG 04-23-16 master.indd 2 002 EditorsNote April 23.indd 2

2016-04-15 4:33 PM 4/15/16 4:28 PM

CONDOMINIUM RESIDENCES AT YORKVILLE & YONGE STEPS TO SUBWAY AND PATH • STARTING FROM $459,000 FOR A LIMITED TIME, YOU CAN PURCHASE ANY ONE BEDROOM UNIT FOR ONLY 10% DOWN*.

1YORKVILLE.CA

PRESENTATION LOUNGE 162 CUMBERLAND ST. (416) 519-2911

@BazisInc

PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O.E. RENDERING IS ARTIST’S CONCEPT ONLY. *SEE SALES REPRESENTATIVE FOR DETAILS

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 3

BAZI-NO1-A-AD-NCG-MAR 14-1.indd 1 003-Bazis-No1 03-26-16.indd 3

3/15/16 12:51 PM 2016-04-15 10:52 AM

Contributors

BILD REPORT

BRYAN TUCKEY 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 blog (bildblogs.ca).

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge DIRECTOR OF SALES

Moe Lalani ASSOCIATE PUBLISHER

Anne-Marie Breen

LEGALLY SPEAKING

JAYSON SCHWARZ 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.

ASSOCIATE PUBLISHER, NEW HOME & CONDO GUIDE SOUTH WESTERN ONTARIO

Susan Maxwell ART DIRECTOR

Daiana Garay SENIOR EDITORS

Elisa Krovblit Lydia McNutt (on leave) Jackie Marchildon

DESIGNER ADVICE

YANIC SIMARD Yanic Simard is New Condo Guide’s design editor, principal designer of the award-winning Toronto Interior Design Group (tidg.ca), and regular guest expert on City’s Cityline.

EDITOR

Sonia Bell CONTRIBUTING EDITORS

Wayne Karl Sara Duck (on leave) DESIGN EDITOR

Yanic Simard

CONDO PRO

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

STAT CHAT

BEN MYERS Ben Myers is senior vice-president of market research and analytics at Fortress Real Developments. Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments.com/news or follow him on Twitter at @BenMyers29.

more online We have even more content online! Read more stories from our team of contributors at ypnexthome.ca, including stories by:

SENIOR ACCOUNT EXECUTIVES

Dionne Fraser dionne.fraser@ypnexthome.ca Nina Downs nina.downs@ypnexthome.ca

SALES & MARKETING CO-ORDINATOR

Terry Bassett

PRODUCTION MANAGER

Bala Gnanapandithan PRODUCTION CO-ORDINATOR

Sandra Hanak-Vujnovic GRAPHIC DESIGNER

Miguel Cea

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 ypnexthome.ca

ADVERTISING Call 416.626.4200 for advertising rates

INVESTOR INSIGHTS

ANDREW LA FLEUR Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto condo market. Contact Andrew at 416.371.2333 or andrew@truecondos.com.

MORTGAGE ADVICE

ALYSSA RICHARD Alyssa Richard is the founder and CEO of RateHub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

and information. CIRCULATION Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices. COPYRIGHT 2016 All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and offenders will be prosecuted under the law. TERMS Advertisers, editorial content and New Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL Submissions from interested parties will be considered. Email to susan.legge@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication. Please recycle this magazine! Yellow Pages NextHome participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.

4 YPNEXTHOME.CA

TCG 04-23-16 master.indd 4

2016-04-15 4:33 PM

Live Downtown at Pearl & John In the heart of the Entertainment District

Downtown living turns a corner and it’s fabulous! Don’t miss the rich possibilities of an exciting life at Pearl and John. With looks this good, it will be love at first sight. NOW OPEN! SUITES FROM THE $300s

PJCONDOS.CA

York St.

Spadina Ave.

Pearl St.

Blue Jays Way

King St. W.

John St.

Adelaide St. W.

University Ave.

Richmond St. W.

Simcoe St.

Duncan St.

Peter St.

Queen St. W.

Wellington St. W. N

PRESENTATION CENTRE 283 Adelaide St. West (at John St.) Toronto, Ontario 416.596.1600 Open daily 12pm–6pm

PinnacleInternational.ca

Toronto. Mississauga. Vancouver. San Diego. Prices, specifications and promotions are subject to change without notice. Renderings are artist’s concept. E.&O.E. Brokers Protected.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 5

005-Pinnacle-PJ 03-26-16.indd 5

2016-04-15 10:52 AM

VIEW FROM

THE TOP LUXURY WATERFRONT CONDOS FROM THE MID $300’s One of Canada’s tallest waterfront condos, Eau Du Soleil offers spectacular views and fabulous amenities like the infinity rooftop terrace, indoor salt water pool, fitness centre, outdoor sports court and more.

Learn more at eaudusoleiltoronto.com Prices, sizes and specifications are subject to change without notice. Actual view may not be exactly as shown. Please see a Sales Representative for details. Exclusive listing brokerage TFN Realty Inc. Brokers Protected. E.&O.E.

6 YPNEXTHOME.CA

EAU2 45979 Condo Guide DPS FA.indd 1 006-007-Empire-Corp 04-09-16.indd 6

2016-04-15 10:52 AM

SKY 12 480 SQ.FT. ONE BEDROOM + TECH

1 BALCONY

1 Spectacular lake and city views 2 Bright master retreat with walk out to balcony

3 Expansive open concept living and

BEDROOM 9’-8” X 9’-0”

dining area

4 Multi-purpose tech space perfect for

LIVING/DINING 22’-4” X 10’-2”

home office 5 Modern L shaped kitchen with stainless steel appliances

6 Luxurious spa-inspired bathroom TECH

Life is better at the top! Enjoy spectacular

BATH

KITCHEN

views, an open concept design and a

ENTRY

large balcony. This perfectly designed one bedroom plus tech suite offers a fantastic

W/D

layout and exceptional finishes.

NOW UNDER CONSTRUCTION VISIT THE PRESENTATION GALLERY TODAY 2183 LAKE SHORE BLVD. WEST TORONTO 416 503 3328 APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 7

006-007-Empire-Corp 04-09-16.indd 7

3/31/16 1:08 PM 2016-04-15 10:52 AM

Now under construction! Live the life you love at the heart of everything Queen West. Discover a superb collection of suites, plus an exciting array of lifestyle amenities. Savings up to $20,000!* Free built-in appliances, free Rogers package for 6 months. Condominiums at Queen West & Dovercourt from the $280’s.

Sales Centre: 1164 Queen St. W T 416.546.6355

Learn more at pembertongroup.com *Limited time offer. See a sales representative for full details. Exclusive Listing Brokerage Circle M Realty Corporation. Prices and specifications are subject to change without notice. Illustration is artist’s concept E.&O.E.

8 YPNEXTHOME.CA

DOVE 46350 Condo Guide ad.indd 1 8 008-Pemberton-Ten93 04-23-16.indd

16-04-13 10:52 3:46 PM 2016-04-15 AM

CONSTRUCTION STARTING THIS SPRING! Discover the second tower at the successful SkyCity Condominiums in the heart of Richmond Hill. An unsurpassed fusion of great location, 17,000 sq. ft. of gorgeous amenities and outstanding value all just minutes from the GO Transit, VIVA and YRT transportation hub. ASK ABOUT OUR LIMITED TIME INCENTIVES* CONDOMINIUMS AT YONGE & HIGHWAY 7 FROM THE MID $300’S.

SALES CENTRE: HIGHWAY 7 & RED MAPLE T 905.709.5700

Learn more at pembertongroup.com •See a sales representative for full details. Exclusive Listing Brokerage Circle M Realty Corporation. Prices and specifications are subject to change without notice. Illustration is artist’s concept E.&O.E.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 9

HILL 46373 Condo Guide Issue 9.indd 1 009-Pemberton-SkyCity 04-23-16.indd 9

16-04-13 3:48 PM 2016-04-15 1:36 PM

contents APR 23 – MAY 7 2016 | VOLUME 20, ISSUE 9

20 ON THE COVER

The Daniels Corporation

Shaping the future of Erin Mills with Daniels Arc property profiles

+ online NEIGHBOURHOOD

HOME SEARCH

26 Pinnacle International MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

MAPS

The PJ Condos — live downtown at Pearl and John

3XN selected to design new phase of Bayside Toronto

52 Elad Canada

Choose April’s suite of the month at Fifth on the Park

LOOK FOR THE CIRCLE

28 CMHC report

Condo investors are in it for the long haul

Mattamy Homes

Residences of Creekshore Common breaks ground

46 Tridel

48 2016 Budget

PM Justin Trudeau’s Budget 2016 report card

trending

WITH

DYNAMIC

New-condo choices

Choose master planned for maximum benefit

10 YPNEXTHOME.CA

TCG 04-23-16 master.indd 10

2016-04-15 4:33 PM

62 Location advice

The importance of location when buying real estate by Steve Gupta

Money matters

Owning versus renting by Gail Vaz-Oxlade

86 Style file

Mother’s Day gifts for the home by Jo Alcorn

Inspiration

Designer advice

Creating custom by Yanic Simard

56 Light and white

This year’s hottest trend

68 Gardens in the city

Eight ways to start an urban garden

neighbourhood profile

Erin Mills

An up-and-coming neighbourhood

buyers’ resource section

Global Kingdom Ministries

24 Fundamentally speaking Why we need context, not just data, on foreign buyers

Celebrating its anniversary with Trinity Ravine Towers

82 Where to invest

by Wayne Karl

25 Stat chat

Should you be scared of international buyers?

Rental prices mapped to Toronto’s subway stations

advice

BILD report

Federal funding for housing and transit good news by Bryan Tuckey

Investor insights

Keep your eyes on the prize by Andrew la Fleur

Legally speaking

Deciphering legal language by Jayson Schwarz

Previews, new releases and grand openings in the 905

89 Hot properties 416

Previews, new releases and grand openings in the 416

by Ben Myers

in every issue

Mortgage advice

02 Editors’ note

Saving options for buying a home by Alyssa Richard

88 Hot properties 905

Hot topic

04 Contributors 102 Advertiser index

Low Canadian dollar — an investor’s paradise

103 What’s online

by Anthony Jong

district maps

40 Condo pro

Why condos are a first-time buyer’s paradise by Barbara Lawlor

90 Toronto and Waterfront 96 905 region APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 11

TCG 04-23-16 master.indd 11

2016-04-15 4:33 PM

Advice | BILD REPORT

Federal funding for housing and transit good news By Bryan Tuckey

MORE ADVICE ONLINE nexthome.yp.ca/news/advice

THE RECENT federal budget

included funding for public transit and affordable housing and that’s good news for the GTA. The federal government plans to invest $3.4 billion in public transit across the nation over the next three years and Ontario will get the largest share at about $1.5 billion. Our industry has long advocated for all levels of government to invest in public transit. Everyone benefits from it and we all have a responsibility to help pay for it. For decades there has been underinvestment in new infrastructure, especially public transit, by government. Not only does the GTA need more as its population continues to grow, but it also needs to replace and retrofit aging assets that have been neglected for so long. It has fallen to new homebuyers to contribute disproportionately to the cost of new infrastructure, including transit. Ever-increasing development charges and other government fees and taxes have been applied to the cost of development to the point where government fees and charges make up about one-fifth of the price of new homes in the GTA. It’s important the federal government’s commitment to share in the capital cost of transit be used to reduce price pressures on new residential development and new homebuyers. The other piece of good news in the recent federal budget was

funding for affordable housing. The federal government pledged $2.3 billion toward affordable housing construction and renovation, shelters and tackling homelessness in Canada over the next two years. Ontario will get a portion of that funding, and if applied appropriately, it will go toward programs that can assist our industry in building more affordable housing in the GTA. With this new funding, governments must create clearly defined programs and explain how to access them. As a partner in building more affordable housing the development industry needs to fully understand what they can do to help. What is really needed to get more affordable housing built in the GTA are programs and incentives that help to make the business case for these developments. For example, in the U.S., the cities that have successful

affordable housing programs are supported by state and federal funding and they use planning and financial incentives like a development fund or tax exemptions to make sure affordable housing doesn’t undermine housing affordability. Federal funding to help address affordable housing and public infrastructure issues is a good first step. To be effective, it will require collaboration from every sector so that municipalities, homebuilders and providers can invest the funding into shovel-worthy projects that help people and create jobs in the GTA.

Bryan Tuckey is president and CEO of the Building Industry and Land Development Association and a land-use planner who has worked for municipal, regional and provincial governments. Follow him on Twitter @bildgta, facebook.com/bildgta, and bildblogs.ca.

12 YPNEXTHOME.CA

TCG 04-23-16 master.indd 12

2016-04-15 4:33 PM

SPECTACULAR CITY VIEWS STEPS FROM THE WATER. OWN THE BEST OF BOTH.

NOW ON SALE I SUITES FROM $279,900

RVIS

N ST

ER JA

G YON

RVIS

E ST

G YON

N ST

O ARDS

RICH

LOW

O ARDS

ER JA

LOW

RICH

The Daniels Corporation proudly introduces PY the west facing suites of Lighthouse TowerR Eat XPY ER EX INE ARDIN GARD E E Daniels Waterfront – City of the Arts, Ga master-planned, mixed-use community surrounded by D LV LVD RE B RE B SHO SHO LAKE LAKE creativity, inspired by arts and driven by innovation. This visionary gateway to the East Bayfront, where Lower Jarvis meets Queens Quay, ushers in a new era of living, with awe inspiring views, exceptional amenities, luxurious suites and endless conveniences at your doorstep, including Sugar Beach North, a promenade featuring retail and public art, linking to Canada’s iconic YE YE sandy Sugar Beach to the south. QUA QUA ENS ENS QUE

QUE

LAKE ONTARIO

VISIT THE PRESENTATION CENTRE TO VIEW OUR FULLY FURNISHED MODEL SUITE INER

GARD

EXPY

LOW

QUE

LAKE ONTARIO

Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artist’s concept. Prices and specifications are subject to change without notice. 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 prior written permission of The Daniels Corporation, is strictly prohibited. Actual view may not be exactly as shown.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 13

WATF 46309 Condo Guide Ad Update.indd 1 013-Daniels-Waterfront 04-23-16.indd 13

AY E

QU CALL OR VISIT TODAY ENS QUE AR SUGACH BE DANIELSWATERFRONT.COM WATERFRONT WATERFRONT.COM 416.221.3939

RVIS

ER JA

T GE S YON

T ON S

RVIS

LAKE ONTARIO

ARDS

ER JA

YE QUA AR SUGACH BE

RICH

LOW

ST ENS

QUE

162 Queens Quay East PY ER EX ARDIN E Monday to Thursday: 11am - 7pm G LVD RE B SHO LAKE Weekends & Holidays: 12pm - 6pm Fridays: closed T GE S YON

RVIS

T GE S YON

T ON S

ER JA

ARDS

LOW

RICH

LAKE

E BLV SHOR

2016-04-12 9:57 AM 2016-04-15 10:52 AM

Neighbourhood Profile

Erin Mills An up-and-coming neighbourhood

Fast facts Average household income

$129,212

By Olivia Bowden

Family structure

FAMILIES

COUPLES

SINGLES

65%

22%

13%

Own vs. rent

84% OWNERS

16%

RENTERS On tap

MORE PHOTOS ONLINE nexthome.yp.ca/erin-mills

LOCATED NEAR DOWNTOWN

Mississauga, the neighbourhood of Erin Mills begins at Dundas St. West and Mississauga Road in the east, and ends at Ninth Line and Winston Churchill Blvd. in the north. Average to larger luxury suburban homes characterize this neighbourhood, known for wide streets and lawns catered towards families with children. Demand for housing has increased over the years, resulting in higher home prices. The Vibe Major housing developments fill this neighbourhood, many deviating from traditional cookie-cutter suburban homes. Schools, parks, and small strip malls boasting unique restaurants are scattered throughout the area, lending to the major focal point of the neighbourhood — Erin Mills Town Centre.

In the Area Erin Mills is home to several wellknown public schools including John Fraser Secondary School, St. Aloysius Gonzaga and Stephen Lewis Secondary School, all of which were among the top rated high schools in Mississauga, according to Fraser Institute’s 2014 ranking. Right on the outskirts of the Erin Mills boundary is the University of Toronto Mississauga campus. Planes and Trains Erin Mills residents have access to Mississauga’s MiWay bus system that has 80 different routes covering 3,600 bus stops. Buying a pass or using a Presto Card is the best option when using this service, as the fare is $3.50 per ride on its own. Erin Mills is close to several GO stations including Streetsville, Clarkson and Erindale, which are all approximately 10 to 15

CORONA

ALEXANDER KEITH’S

COORS LIGHT

minutes away from Erin Mills Town Centre. Real Estate Families looking to settle down or younger individuals hoping to find a permanent home would benefit from the area’s amenities and low crime rate. However, with a price tag of more than $700,000 for a detached home, Erin Mills may be out of reach for many. Fortunately, new developments are introducing more condos to the area, providing more affordable options to homebuyers. Erin Mill’s proximity to many urban hotspots makes it an up-and-coming neighbourhood.

Olivia Bowden is a freelance writer and an Editorial Intern at YP NextHome. She attends Carleton University and is completing a Master of Journalism degree. Olivia enjoys learning and writing about the Canadian real estate market.

14 YPNEXTHOME.CA

TCG 04-23-16 master.indd 14

2016-04-15 4:33 PM

COMING THIS SPRING

THE NEW SHAPE OF ERIN MILLS

INNER CIRCLETM MEMBERS RECEIVE SPECIAL PERKS & PRIVILEGES AT ARC CONDOMINIUMS First choice of suites, ﬂoors and views before the general public Your invitation to the ﬁrst advance sale Members only invitations to Daniels’ hosted events Access to insider information To become an Inner Circle™ Member, simply pay a onetime membership fee of $300, which will be applied toward the purchase of your new suite at Arc Condominiums or can be fully refunded to you, at any time, if you decide not to purchase.

DANIELS IS SHAPING THE FUTURE OF ERIN MILLS! The Daniels Corporation’s pioneering vision is reshaping the landscape at Eglinton Avenue West and Erin Mills Parkway. Arc Condominiums is the newest addition to Daniels Erin Mills – a master-planned, mixed-use community just steps from the Erin Mills Town Centre, Credit Valley Hospital, Highways 403, 401 and the MiWay. With studio to 3 bedroom suites with incredible lake and city views, Arc Condominiums will redeﬁne contemporary living built with Daniels’ legendary quality and integrity. Residents will enjoy unique amenities, including a full court gymnasium, a central community Courtyard complete with a running track, open green space and gardening plots, as well as a Plaza with Farmers’ Market and retail opportunities. Love where you live, work, play, grow, and shop at Arc Condominiums.

FROM THE LOW $200,000s

DANIELSARC.COM

905.306.6996

Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artist’s concept. Prices and speciﬁcations are subject to change without notice. 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 prior written permission of The Daniels Corporation, is strictly prohibited. *Conditions apply, see sales representative for full details. Please note that the Arc at Daniels Erin Mills Inner CircleTM membership does not guarantee you the purchase of a suite. No exceptions.

015-Daniels-Arc 04-09-16.indd 15

2016-04-15 10:52 AM

Advice | INVESTOR INSIGHTS

Keep your eyes on the prize By Andrew la Fleur

MORE ADVICE ONLINE ypnexthome.ca/news/advice

SO, YOU’VE DECIDED to buy an investment condo in 2016. Congratulations! As a first-time investor, there are five questions you need to ask yourself before buying a new condo:

1 | What are your goals? Before you buy any investment condo, you should figure out what your goals are. Are you looking to make a short- or long-term investment? What kind of return are you looking to achieve? Are you more interested in income or capital gain — or both? Deciding what your goals are up front will better help you achieve them in the long run. 2 | What can you afford? Talk to your mortgage broker or lender and get a mortgage preapproval before you start your search. This will help you figure out what you can afford, and will help you start to narrow your search. Also, make sure you are prepared for the developer’s requirements with respect to financing. Most new condos will require a 15 to 20 per cent deposit up front, as well as a mortgage approval letter showing you can afford the unit you are purchasing. 3 | What is your exit strategy? This is a very important question many first time investors fail to answer before buying a new condo. Will you buy, hold and rent

for the long term before selling? Will you buy pre-construction and then flip (assign) your unit prior to the final closing? Will you buy preconstruction, close on the unit, rent it out for one or two years, and then sell it? Will you buy, wait for completion, and then refinance and re-invest the proceeds? Take time to assess the risks and rewards associated with the different exit strategies and start with the end in mind. 4 | What should you buy? Buying a new condo for investment purposes is different than buying for yourself. Some units make better investments than others. Questions to consider include: » Which locations are likely to experience the most growth in the next few years? » What type of unit is the most attractive to renters? » Which type of unit tends to appreciate faster than others?

5 | When should you buy? Understanding the typical marketing cycle that a new condo goes through from pre-construction to completion will help you identify the right time to buy. When buying for investment, it is generally best to buy at the earliest possible stage when a new building launches. This is when prices are the lowest, and availability of investorgrade suites is highest. But there are other great opportunities to buy, including right before the developer meets the sales target to secure construction financing, or during the occupancy stage. In both of these instances developers tend to be highly motivated to sell and this is when they often introduce great buyer incentives or cash discounts.

Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto condo market. Contact Andrew at 416.371.2333 or andrew@truecondos.com.

16 YPNEXTHOME.CA

TCG 04-23-16 master.indd 16

2016-04-15 4:33 PM

Ten93 Queen West / Toronto

CityLights on Broadway / Toronto

Indigo Condominiums / Maple

The Urban Townhome Collection / Toronto

We call it Pemberton. SkyCity Condos / Richmond Hill

Downtown Erin Mills / Mississauga

All illustrations are artist concept.

Everything a home should be. The Pemberton difference isn’t simply in how we build. It’s in what you feel. The feeling you get when we’ve delivered exactly what we promised and everything you want. A feeling that, while difficult to describe, feels overwhelmingly right. With decades of experience and a reputation for building truly exceptional condominiums in the Greater Toronto Area’s greatest communities, we invite you to experience the feeling yourself.

Learn more at pembertongroup.com

YOUR PREMIUM LIFESTYLE BEGINS AT

You call it a place to relish life.

OPEN-CONCEPT

THE GO

RO O F TO P

Contemporary finishes and premium stainless steel appliance package.

Live steps from the Maple GO Station.

Take in the fresh air and sweeping views from the scenic rooftop terrace.

NOW OPEN! Welcome home to spacious condominium living. Starting from the low 400’s Welcome to a new take on luxury. A new interpretation of home. A fresh perspective on everything you’ve ever wanted. From the fundamentals to exciting amenities. We want to welcome you to the next chapter in comfort, and introduce you to Pemberton, the home of spacious condominium living. INDIGO is your ticket to an enriched lifestyle. With convenient shopping nearby, live steps from the Maple GO Station, connecting you to downtown and across the GTA. Everything is at your doorstep at INDIGO.

MCNAUGHTON RD

MAJOR MACKENZIE DR W

DUFFERIN ST

Learn more at pembertongroup.com

EAGLE ROCK WAY

MCNAUGHTON RD E

T 905.553.1430

KEELE ST

Presentation Centre 1860 Major Mackenzie Dr., Units 7 & 8

Exclusive Listing Brokerage, Royal LePage - Your Community Realty. Brokers Protected. Prices and specifications are subject to change without notice. Illustration is artist concept E.&O.E

Advice | LEGALLY SPEAKING

Deciphering legal language Deeds, transfers, mortgages, charges, discharges and undertakings By Jayson Schwarz

MORE ADVICE ONLINE nexthome.yp.ca/news/advice

FOR THE AVERAGE homebuyer,

there are some legal terms that require translation. The Government of Ontario keeps records of every piece of property in the province. These records are called the “title documents.” The document on file, that says who owns the property, is called the “transfer,” or “deed.” All of these documents are filed with the government — a process that is called “registering” the document. When a bank lends money and gets a record of this loan on title, the document is called the “mortgage” or a “charge.” When the charge is paid off, a new document is filed with the government office and it is called a “discharge.” If only part of the charge is paid off, a document called a “partial discharge” can be filed. There are many other documents, but these are a good starting point. Usually when a developer/builder starts a new project, he will go to a bank or other financial institution and, just like you, arrange for a mortgage or charge. The difference, however, is that this can be a huge charge. As an example, the builder/developer may have a $50- or $60-million “blanket” charge applied to enable him/her to create and build the project. The next thing that happens is that the house or condominium is built and sold, and it is time for closing. In the Agreement of Purchase and Sale will be a clause that will relate to the discharge of that part of the blanket charge which affects the

property you are buying. The builders’ lawyers (the good ones, in any case) add the clause that the purchaser will accept the promise (undertaking) of the builder’s lawyer to register the partial discharge in a reasonable period of time, but will give on closing two important things: 1. A letter (“discharge statement”) from the bank or other financial institution (“mortgagee” or “charge”) setting out how much money has to be paid to the chargee to obtain the partial discharge; and 2. A direction from the builder to the purchaser, telling the purchaser to pay the amount of money needed to obtain the partial discharge directly to the chargee. The clauses I will not accept stop with the purchaser being forced to accept the builder’s or the builder’s lawyer’s undertaking to register a partial discharge, without the other information. Now, I do not believe the builder or the builder’s lawyers who do not include this information would give the promise without meaning it, but what about things out of their control?

For example, if: » the builder goes bankrupt » the builder has a dispute with the bank » some other party seizes the money from the builder » the builder has an internal shareholders dispute and assets are frozen » the lawyer goes to Argentina with the money » the builder goes to Tahiti with the money If we had followed a) and b), none of that would matter. My complaint is that it does not cost the builder anything to give this piece of mind and security to the purchaser. It is just usually the fault of some lawyer trying to prove how good he or she can be. So be careful. Watch for these tricky clauses and consult a lawyer, because only a lawyer can provide legal advice and care enough to catch these kinds of things. 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. APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 17

TCG 04-23-16 master.indd 17

2016-04-15 4:33 PM

Townhome Living. NEW RELEASE

Downtown Vaughan.

GTAâ&#x20AC;&#x2122;s newest downtown address across from the NEW TTC Subway Station with direct access to the Downtown Core. Towns from

659,990*

A Plaza Berkley Community 18

018-019-Plaza-Corp 04-09-16.indd 18

2016-04-15 10:52 AM

g. PLAZA COMMUNITIES: MOVE IN NOW York Harbour Club 35 Bastion St. & 38 Grand Magazine St., Toronto Sales Office located at 86 Sloping Sky Mews (TH06) 416.214.4517 Ivory on Adelaide 400 Adelaide St. East, Toronto Sales Office located at 400 Adelaide St. East, Unit 1 647.344.0379 NOW UNDER CONSTRUCTION Musée - Occupancy Date Fall 2016 Pre-construction Pricing 525 Adelaide St. West, Toronto Sales Office located at 86 Sloping Sky Mews (TH06) 416.214.4517 NOW OPEN 50 at Wellesley Station Occupancy Date Fall 2018 50 Wellesley St. East, Toronto Sales Office located at 400 Adelaide St. East, Unit 1 647.344.0379 1 Yorkville - Occupancy Date Fall 2018 1 Yorkville Ave., Toronto Sales Office located at 162 Cumberland St. 416.519.2911 The MET at Vaughan Metropolitan Centre 7895 Jane St., Vaughan Sales Office located at 7800 Jane St., Vaughan 416.862.0888 COMING SOON Theatre District Residences on Adelaide 170 Spadina at Queen

register at pureplaza.com Presentation Centre Hours: Mon–Thurs: 12pm–6pm Fri: Closed Weekends & Holidays: 11am–5pm Keep updated by following us:

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 19

018-019-Plaza-Corp 04-09-16.indd 19

2016-04-15 10:52 AM

Property Profile | THE DANIELS CORPORATION

Shaping the future of Erin Mills with

Arc Condominiums cover story

DANIELS ERIN MILLS, ONE of Mississauga’s largest master-planned, mixed-use communities, just keeps getting better. This coveted neighbourhood, brought to you by The Daniels Corporation, is already home to the highly successful West Tower Residential Condominium, as well as Skyrise Rental Residence, the first new rental apartment building in Erin Mills in over 20 years. This spring, Daniels will be selling what is sure to be the crown jewel of this new community — Arc Condominiums. Situated at the southwest corner of Eglinton Avenue West and Erin Mills Parkway, Arc Condominiums will inject a refreshing new energy into the Erin Mills skyline. Its dramatic 19-storey curvilinear architectural design will make a lasting impression and stand as the newest landmark within this vibrant location. And what a location it is. Daniels Arc is positioned directly across the street from the newly renovated Erin Mills Town Centre and big-box stores including, Loblaws and Longo’s. Additionally, Credit Valley Hospital, public transit, the MiWay, trails, schools, Highways 403 and 401, and other amenities are also close by. If you want to love where you live, Erin Mills is the location for you. And that’s not all. Daniels is doing what they do best, and ensuring that residents of Daniels Erin Mills will have a community to come home to — somewhere to live, work, play, grow and shop. Fronting the intersection of Erin Mills Parkway and Eglinton Avenue, Daniels will introduce a beautifully landscaped plaza. This newly renovated corner will connect the Daniels Erin Mills community to the existing area and will be the perfect place to grab lunch with a friend, visit The Backyard Farm & Market or access any of the 15,000 sq. ft. of retail space.

20 YPNEXTHOME.CA

TCG 04-23-16 master.indd 20

2016-04-15 4:33 PM

Location

Eglinton Ave. W. & Erin Mills Pkwy. Builder

The Daniels Corporation Development

Arc Condominiums Home Type

Studio to three-bedroom condo units Sales Centre The Courtyard

2475 Eglinton Ave. W. Contact

The Plaza

In addition to all of this, residents will enjoy a unique courtyard located in the centre of the community, complete with a children’s playground zone, a running track, gardening plots, tables for alfresco dining and plenty of open green space for free play and picnicking. This is truly a city within a city. Within Arc Condominiums, residents will enjoy an incredible offering of exclusive amenities complete with a full-court gymnasium, fitness centre, an outdoor terrace with seating space and barbecues, a large bookable lounge and media area, a smaller open lounge with comfortable seating, and a party room to celebrate all of life’s crowning achievements. The opportunities for socializing,

entertaining and fitness will be phenomenal. Priced from the low $200s, studios to three-bedroom suites are crafted with Daniels’ legendary quality and superb features and finishes. Selected by internationally renowned interior designers HOK, suites will offer uniquely selected finishing touches that play off of the curvilinear design of the residence as well as nine-ft. ceilings, stylish laminate flooring throughout, modern kitchens with quartz countertops, custom designed cabinetry with soft close drawers, and stainless steel kitchen appliances. The value is remarkable. To ensure the very best chance of purchasing a suite in this incredible community, registrants can join the

905.306.6996 danielsarc.com

Arc Condominiums Inner Circle. Inner Circle members will receive an invitation to attend the first advance sale before the general public and will have the most comprehensive selection of suites, floors and views to choose from. To join, simply pay a one-time membership fee of $300, which will be applied toward the purchase of your new suite at Arc Condominiums or fully refunded if you decide not to purchase. The Daniels Corporation (danielshomes.ca) is one of Canada’s preeminent developers, having built more than 26,000 new-home communities across the Greater Toronto Area over 34 years. Among its many initiatives, Daniels was chosen to partner with Toronto Community Housing to revitalize Regent Park — 69 acres in the east of Toronto’s Downtown. Committed to community, Daniels offers innovative programs that help people achieve homeownership, champions neighbourhood initiatives that enhance quality of life, and supports numerous charities and non-profit organizations. Register now for the Arc Condominiums Inner Circle at danielsarc.com or call 905.306.6996. APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 21

TCG 04-23-16 master.indd 21

2016-04-15 4:33 PM

022-Opearl-Sail 04-23-16 .indd 22

2016-04-15 10:52 AM

Condos and Towns From the $300’s

Construction starting Fall 2016 Suites from the $400s to over $2.5 million

ROSEDALE’S REVOLUTION IN LUXURY LIVING An impressive and beautifully proportioned limestone façade marks this prominent intersection on Yonge Street.

Condos and Towns from the $300’s

LIVE AT STUDIO, BE DOWNTOWN Select suites are still available. Don’t miss this final opportunity to live amidst a cultural mecca of theatres, restaurants and lifestyle hotspots, plus the new OCADU art gallery right at the base of STUDIO. L E A R N

M O R E

SCENIC3 STUDIO SUITES The Scenic studios offer an incredible opportunity for first-time buyers to break into the market. They’re spacious, easily affordable and given Scenic’s incredible location, make a wonderful investment.

aspenridgehomes.com

Brokers Protected, Limited Time offer. See Sales Rep for full details. Prices, Specifications and programs are subject to change without notice. Illustrations are artists concept. E & O.E. *Provided the purchaser completes the transaction on the contemplated unit transfer date the purchaser shall receive a credit on the statement of adjustment in the amount equal to12 monthly common expense fees relating to the unit and any parking or storage applicable. Deposit 5% down and 10% due on occupancy.

ARC 28014 STUD CG 15 v2.indd 1 023-Aspen-Corp 12-05-15.indd 23

2015-11-25 2:38 PM 2016-04-15 10:52 AM

Advice | FUNDAMENTALLY SPEAKING

Why we need context, not just data, on foreign investors By Wayne Karl

IMAGINE A HOUSE of cards — or a

game of Jenga — where one wrong move could cause everything to come crashing down. This is the fear some have when it comes to foreign investors in Canadian real estate. The concern is that foreign buyers — those who live elsewhere but buy properties in Canada and rent them out — are driving up home prices, particularly in hot markets such as Vancouver and Toronto. Some believe this offshore demand is leading to an artificial and unsustainable market which could cause a crash if, for any reason, these owners pulled out or sold their homes en masse. “People are concerned that foreign buyers are coming in and buying too many properties and driving the prices up,” Ben Myers, senior vice-president, market research and analytics at Fortress Real Developments, told New Condo Guide. “That is the big concern.” Canada Mortgage and Housing Corp. is taking steps to address this “data gap,” by scheduling meetings with industry stakeholders and taking other measures. In Budget 2016, Prime Minister Justin Trudeau promised to get a better handle on the issue. Some of these foreign buyers are paying cash — given that Canadian properties are a relative bargain compared to prices back home for Chinese buyers, for example. This means they’re not borrowing from Canadian banks or requiring insurance from CMHC, further contributing to the dearth of data. Without such transparency, it could

MORE ADVICE ONLINE nexthome.yp.ca/waynekarl

fall on real estate agents and lawyers to report such transactions. The problem with this scenario, according to Don R. Campbell, well known real estate investor and author, is that “data without action or policy is just knowledge.” There is nothing currently in place preventing foreigners from purchasing Canadian real estate. “I’m a stats guy,” adds Myers. “I’d love to see the information, but I think we have a pretty good idea that residential real estate sales activity to non-domestic buyers is pretty isolated to Toronto and Vancouver. Should Canadian taxpayers in every other metro area be on the hook for the cost

of collecting this info? “If we find out foreign buyers own 1.2 per cent of Canadian residential dwellings — 3.5 per cent in Toronto units and 6.1 per cent in Vancouver — then what? How much will it cost to take the next steps? “Even if you had the proper data and the world’s best econometricians, you could never know what a home would have sold for if a foreign purchaser didn’t buy it,” says Myers. Campbell says any such data would be “incredibly inaccurate, given the many ways in which the ultimate purchaser can hide who is buying.” He also points out that The Personal Information Protection and Electronic Documents Act (PIPEDA) could limit any disclosure. PIPEDA sets out ground rules for how private sector organizations may collect, use or disclose personal information in the course of commercial activities.

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@ypnexthome.ca or follow him on Twitter at Twitter.com/WayneKarl

24 YPNEXTHOME.CA

TCG 04-23-16 master.indd 24 024 FS Why we need context not just data_TL-WK-SB.indd 2

2016-04-15 4:33 PM 4/15/16 12:24 PM

T O D AY â&#x20AC;&#x2122; S L I F E S T O R E Y S TA R T S

HERE

FA S H I O N A p o p u l a r t r e n d i n s t y l e s o r m a n n e r s o f b e h a v i o u r. A manner of doing something.

S TA S TA R TR TT OT O S TSYTLYEL E Y OYUORU LRI FLEI F AT E AT A A DW DTWNT N L OLCOAT C AT I OIN ON T HTAT H AT M EMAESAUSRUERSE U S P. U P.

MO MVOEV E I NI N T HTIH S IY S EYAERA. R . FAFA B RBI R KI K IS IT S HTEH E P EPREFREFCETC F T I T. F I T. Now’s Now’s a great a great timetime to complete to complete youryour image image and own and own youryour own own home home at FABRIK. at FABRIK. Discover Discover somesome of the of the city’scity’s mostmost stylish stylish restaurants, restaurants, nightlife nightlife and and clothing clothing stores stores on the on nearby the nearby KingKing Street Street West. West. The The shopping shopping never never stopsstops with with Queen Queen Street Street West, West, Spadina, Spadina, Kensington Kensington Market Market and and Chinatown Chinatown rightright there. there. The The city city never never sleeps sleeps with with the the hottest hottest nightclubs, nightclubs, bars bars and and fashionable fashionable lounges lounges nearby. nearby. The The rich rich texture texture of the ofcity the weaves city weaves itselfitself into into youryour life, embracing life, embracing you with you with its its wide-eyed wide-eyed vitality. vitality.

MOVE MOVE IN IN SUMMER SUMMER 2016 2016 ONLY ONLY 10% 10% DOWN DOWN 1 &1 2&BEDROOM 2 BEDROOM SUITES SUITES AVAIL AVAIL ABLE ABLE STARTING STARTING FROM FROM THE THE HIGH HIGH $300’S $300’S Learn Learn moremore at the atMenkes the Menkes Condo Condo Centre Centre at 770 at 770 Bay Bay St., Toronto. St., Toronto. Call Call 416.591.7700 416.591.7700 or visit or visit us online us online at menkes.com at menkes.com

See salesSee representative sales representative for details. forPrices details. andPrices specifications and specifications are subject aretosubject change. toE.&O.E. change.2016. E.&O.E. 2016.

12:24 PM

Advice | STAT CHAT

Should you be scared of international buyers in Toronto’s condo market? By Ben Myers

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THERE DOESN’T SEEM to be a day

that goes by that someone doesn’t write about foreign buyers in the Vancouver market. There has also been much talk about non-Canadian residents buying up pre-construction condominium apartments in Toronto. Is this a problem? Should you be worried about short-term speculation artificially inflating the local highrise market? I don’t think you should be worried. I wrote about foreign buyers and their intentions in great detail in my latest Market Manuscript report (please take a look at this robust 75-page report on the state of the Canadian housing market, as I pull together quotes and key findings from the top domestic real estate analysts and economists). The report highlights data from Urbanation Inc. that shows that the share of condo units listed at completion has trended downward for several years in the Greater Toronto Area, and that investors are holding onto their units, regardless of their nationality — no short-term flipping, and no assigning of purchase contracts during the construction phase. Benjamin Tal, chief economist of CIBC, appeared at a housing conference in March for the Global Risk Institute, and mentioned that he went to dinner with a substantial group of local Chinese real estate brokers that represent overseas condo investors. He explained that the majority of their clients have

relatives already living in Canada, or have plans to send their children to Canada for university or college. These investors are not just randomly choosing Toronto because prices have continued to rise. He also noted that the brokers believe the Chinese government is cracking down on capital flight from the country and that it may influence their ability to buy more suites in the future. There is little evidence to suggest these international buyers are artificially inflating the condominium market. In fact, price appreciation in the condominium market has been relatively tame in the GTA for a couple years (despite the big February uptick). The rental market has been obscenely strong and many of these investors are happy to hold onto their units and rent them out. My Market Manuscript report shows that foreign investors view Toronto favourably due to the low prices in comparison to other global cities. For comparison, the value of an ownership apartment in Hong Kong is approximately 79 per cent greater than Toronto, while London is 78 per cent more. Rents in Hong Kong

and London are 50 to 60 per cent more than Toronto, while residents in those cities only make about 14 per cent more in their average salary after taxes. Based on these figures, they see Toronto pricing increasing dramatically over the next 20 years when fewer downtown condo sites are available and Toronto grows as an international financial and lifestyle hotspot. I don’t think you should be scared of foreign buyers, but you should be scared of missing out on an appreciating residential real estate market in 2016. My report shows that most housing analysts are calling for a five- to nine-per-cent price growth this year. My advice: surround yourself with a good team, understand what you can afford, and buy where you want to live for five years or more. Happy condo hunting! Fortress Real Developments partners with builders across Canada, and Ben assists in evaluating the market and projects that Fortress engages in. Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments.com/news or follow him on Twitter @BenMyers29. APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 25

TCG 04-23-16 master.indd 25

2016-04-15 4:33 PM

Property Profile | PINNACLE INTERNATIONAL

Live downtown at Pearl and John in the heart of the Entertainment District!

THE ENTERTAINMENT DISTRICT is one of the most sophisticated neighbourhoods in Toronto. Home to numerous theatres, performing arts centres, major sports venues and attractions, the Entertainment District continues to grow with more culture, diversity and excitement. In the midst of this lively district is the John Street cultural corridor. With wider streets and public plazas, this pedestrian-friendly street will host future events and festivals, and will be the next ‘hot’ destination in Downtown Toronto. Soon to join this fun-filled area is The PJ Condos. With the John Street cultural corridor at the base of the building, residents of The PJ Condos will be living in the heart of all the excitement. With its striking architecture, combined with a dynamic mix of suite layouts ranging from 404-sq.-ft. studios to more than 1,000-sq.-ft. three26 YPNEXTHOME.CA

TCG 04-23-16 master.indd 26

2016-04-15 4:33 PM

Location

Pearl & John streets Builder

Pinnacle International Development

The PJ Condos Home Type

Studio to three-bedroom plus den condo units Sales Centre

283 Adelaide St. Contact

416.596.1600 pjcondos.ca bedroom plus den layouts, the equilibrium of livability and modern conveniences can be balanced. The fabulous downtown life doesn’t get any better than this. With events and festivities taking place in the area, theatres around the corner, and trendy boutiques and restaurants right at your doorstep, there is never a dull moment. With a perfect Walk Score and public transportation just steps away, getting around the neighbourhood is a breeze. Walk, bike, cab or drive to the local universities, shopping centres and entertainment destinations, all of which are right at your fingertips! The PJ Condos will offer the convenience of an outdoor pool and hot tub, ideal for unwinding at the end of a busy day. The designer-decorated party room is perfect for hosting gatherings for your friends and family. You can also work up a sweat in the fitness centre complete with the latest equipment or stretch your worries away in the yoga room. The suites make it easy to relax in the comfort of your own home. Units come complete with nine-ft. ceilings, laminate flooring, modern kitchens with designer cabinetry, stainless steel kitchen appliances, granite or quartz countertops, undermount sinks, spa-inspired bathrooms with deep soaker tubs, rain shower heads, and more! With the luxurious finishes and amenities, ideal location and prices starting from the low $300s, these suites are bound to go fast! Pinnacle International is one of Canada’s leading builders of luxury condominium residences, hotels and commercial developments. Based in Vancouver, Pinnacle has been involved in development, design, construction and management for more than three decades. Pinnacle’s portfolio includes landmark locations in Vancouver, Toronto, Mississauga, and San Diego. A Pinnacle property is always place-perfect, with an élan of its own. Visit the sales centre and tour the designer-decorated model suite at 283 Adelaide St. (at John Street), open daily from noon to 6 p.m. For more information, call 416.596.1600, email info@pinnacleadelaide.ca or go to pjcondos.ca. APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 27

TCG 04-23-16 master.indd 27

2016-04-15 4:33 PM

Trending

Latest CMHC report shows condominium investors are in it for the long haul CONDOMINIUM INVESTORS in Vancouver and Toronto display stable characteristics over time. Most are small-scale investors that own only one secondary unit, nearly one-half purchased their last secondary unit for rental income and most expect to own their investment property for more than five years, according to the Canada Mortgage and Housing Corporation (CMHC) 2015 Condominium Owners Survey (COS). The annual report, focused on the Vancouver and Toronto Census Metropolitan Areas (CMAs), includes survey insights on what motivates condo purchases, how long owners hold onto their units, and the mortgage-financing profile of condominium owners whose primary dwelling is a freehold or condominium unit but who also own at least one secondary condominium unit. These households are referred to in the report as COS investors.

Report highlights » Results are very stable over surveys. » Nearly one-half of COS investors purchased their last secondary unit for rental income. » About 60 per cent plan to hold onto their last purchases unit for more than five years versus eight per cent planning to sell their unit in less than two years. » Nearly three-quarters have only one unit and roughly 90 per cent do not plan on buying new units in year following the survey. » 56 per cent expect their units to appreciate, 35 per cent do not expect a significant change and five per cent anticipate a decrease in value.

MORE TRENDING ONLINE ypnexthome.ca/news

» The share of COS investors with a mortgage on their last purchased unit (at the time of the survey) stood at 53 per cent. This is slightly below the share reported for all home owners (59 per cent) in Statistics Canada’s 2011 National Household Survey. » The surveys of Toronto and Vancouver produced similar results. However, a larger share of respondents in Toronto expect the value of their units to increase than in Vancouver, but the gap is closing. COS investors, as defined by CMHC, exclude households that own only one condominium unit in which they reside, as well as households that own a secondary unit but rent their primary residence. As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry. For more information, follow CMHC on Twitter, YouTube, LinkedIn and Facebook.

28 YPNEXTHOME.CA

TCG 04-23-16 master.indd 28

2016-04-15 4:33 PM

Earn 8% interest on your deposit* An Exclusive Bayview Lifestyle Enjoy living at The Village Residences, located across from the Bayview subway and steps to Bayview Village, parks, schools, highways and more.

URBAN CONDOS from the mid $300’s

VILLAGERESIDENCES.CA | 647.622.8408 * Price, information and program subject to change without notice. For qualified buyers on approved credit. 8% interest offer provided upon the earlier of (i) 12 months from the day the Vendor receives the full 15% deposit or (ii) the day the proposed unit is available for possession or occupancy, the Vendor will pay simple interest at a rate of 8% per annum, to be credited on unit transfer date. Restrictions apply. Not co-operating with this promotion. Limited time offer. See Sales Representative for details. E&O.E.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 29

VRES 45797 Condo Guide FP AD 29 - 8%-final.indd 1 029-Liberty-Village 03-26-16.indd

2016-03-17 AM 2016-04-15 10:51 1:36 PM

030-Liberty-Cosmos 04-23-16.indd 30

2016-04-15 3:59 PM

MOVE IN NOW WITH ONLY

5% DOWN PAYMENT*

LESLIE ST.

BAYVIEW AVE.

AVE . DON CAS TER

YONGE ST.

STEELES AVE.

HWY 7

READY!

HWY 407

7163 Yonge St., Unit #124 WorldOnYonge.ca | 905-771-7010

READY!

VE. IA A SCOT

READY!

. AVE DEN WAR

JOHN ST.

DANFORTH AVE.

DA NF OR TH RD .

RICHMOND HILL

ROCKWELL RD.

YONGE ST.

AVE. ORTH DANF

3520 Danforth Ave. RoyalGardensCondos.ca | 905-889-9997

TerraceOnDanforth.ca | 416-987-7575 . AVE DEN WAR

DA NF OR TH RD .

VE. IA A SCOT

www.MyLibertyCondo.ca N

*As per price list. Limited time offer. Offer based on a select number of units. Price, information and program subject toTHchange AVE. OR DANF without notice. For qualified buyers on approved credit. Balance due on closing. 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.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 31

LIBC 46033 Condo Guide Ad.indd 1 031-Liberty-Corp 04-09-16.indd 31

2016-03-31 10:32 AM 2016-04-15 1:36 PM

Trending

Mattamy Homes breaks ground on The Residences of Creekshore Common

AWARD-WINNING BUILDER Mattamy Homes has broken ground on construction of its latest Oakville community: The Residences of Creekshore Common. This unique collection of upscale, boutique condominiums will provide a variety of modern living options for those looking to make their home in one of Oakville’s most desirable addresses. Mattamy, which has grown into North America’s largest privately owned home builder, has its roots in the Oakville area and has been building in the Town since 1980, with nearly 5,000 homes in 13 communities. This includes Mattamy’s flagship community of The Preserve in North Oakville,

which opened for sale in 2014. To date, all these homes have been lowrise; The Residences of Creekshore Common represents the company’s first midrise building in Oakville. “Our objective with this community was to establish a new benchmark for architectural excellence in North Oakville,” says Jill Lalonde, vicepresident, sales and marketing, for Mattamy’s Halton-Hamilton division. “We wanted to create something unique, and engage the future Dundas Urban Corridor in a bold manner, setting a precedent for future development. We can’t wait to see families calling The Residences at Creekshore Common home. This will

be the first of many future projects of this nature for Mattamy Homes.” Oakville Mayor Rob Burton, along with Regional and Town Councillor Jeff Knoll, joined representatives of Mattamy Homes on April 5, 2016, to officially break ground on the development. “This unique, vibrant new community is the kind of addition to our town that all Oakville residents stand to benefit from,” said Burton. “It’s a positive step in bringing the Dundas Urban Corridor to life and contributing to an even more livable Oakville.” Councillor Knoll echoed the Mayor’s comments: “Mattamy’s vision for the property is perfectly aligned with our desire for the Dundas Corridor to be a

32 YPNEXTHOME.CA

TCG 04-23-16 master.indd 32 032-033 TR Mattamy Oakville_MC_TL-WK.indd 2

2016-04-15 4:33 PM 4/15/16 12:24 PM

032-03

12:24 PM

MORE TRENDING ONLINE nexthome.yp.ca/news

vibrant, pedestrian-oriented, mixeduse urban community.” The Residence of Creekshore Common explores a new, modern architectural style, with layouts ranging from 925 to 1,188 sq. ft., and prices ranges starting at $405,990. Features and amenities of the building include: » Standard, high-end finishes throughout » Floor-to-ceiling windows » Nine-ft. ceilings and 14-ft. penthouse ceilings » Granite kitchen surfaces » Superior hardware throughout » Stylish pendant lighting » Spacious master bedroom with double-sink ensuite, glass shower and grand walk-in closet

» Large balconies, patios, and terraces » Fitness centre and pet spa on-site » Common Lounge for personal event space or as a common gathering place. » Rooftop terrace with barbecues for the use of all residents The design for The Residences of Creekshore Common challenges traditional expectations of midrise living. “Projecting planes in combination with floor-to-ceiling glass and “wide and shallow suite layouts” increases natural light to all living spaces and provides new opportunities in contemporary architectural language,” says Frances Martin-

DiGiuseppe, principal architect, Q4 Architects Inc. – the award-winning firm that designed The Residences of Creekshore Common. The community is an extension of The Preserve and is located on the north side of Dundas Street, west of Sixth Line. Situated between two large ponds and directly next to a naturalized channel, it shares physical and visual relationships with neighborhood nodes, community parks and Oakville’s Natural Heritage System. It was designed to be walkable, cycle-friendly and transitoriented in order to promote active and healthy living. The community is convenient to the necessities of modern urban living, including: » Grocery stores » Banks » Pubs and fine dining » Shopping » Schools » Neighbourhood parks » Quick and easy access to the QEW, 401, 407, Oakville GO station Sustainability was an important design aspect for The Residences of Creekshore Common. The community plan is efficient in delivering medium-density housing in a small parcel of land while preserving physical relationships as well as expansive views to the Natural Heritage System, adjacent Munn’s Creek, and Oakville landscape beyond. Incorporated water-based subsystems support surrounding picturesque ponds while sloped planted landscapes slow surface run-off to neighbouring sites. Southfacing rooms are shaded by large overhangs reducing heat load. Locally produced prefabricated wall, floor and roof panels create efficiencies and reduce waste. The Residences of Creekshore Common are currently for sale, with occupancy anticipated for the summer of 2017. For more information, visit mattamyhomes.com. APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 33

TCG 04-23-16 master.indd 33 032-033 TR Mattamy Oakville_MC_TL-WK.indd 3

2016-04-15 4:33 PM 4/15/16 12:25 PM

YOU 160 SweetLife Condo Guide Ad_Apr23_FNL_OTL.pdf

034-YourHome-SweetLife 04-23-16.indd 34

2016-04-12

3:21 PM

2016-04-15 10:52 AM

UNLIKE ANYTHING ELSE RIVER CITY IS UNLIKE ANYTHING ELSE IN TORONTO. PHASE 1 AND 2 ARE SOLD OUT BUT YOU CAN STILL OWN IN PHASE 3

PHASE 2 SOLD OUT

PHASE 1 SOLD OUT

THE ICONIC RIVER CITY TOWER IS UNDER CONSTRUCTION. WITH ONLY OWN AT RIVER CITY * FROM THE LOW $200’S % DOWN TO $1.4 MILLION

QUEEN ST E

RIVER ST

UNLIKEANYTHINGELSE.CA

KING ST E

PRESENTATION CENTRE AND MODEL SUITE AT KING EAST + LOWER RIVER N

MON-THURS 12-6PM, SAT & SUN 12-5PM

*Ask our sales representatives for more details. A further 5% is required upon occupancy. Renderings are an artist’s impression. Prices are subject to change without notice E. & O.E.

PHASE 3 UNDER CONSTRUCTION

416.862.0505

035-Urban-RC3 04-23-16.indd 35

2016-04-15 10:52 AM

Advice | MORTGAGE ADVICE

Savings options for buying a home By Alyssa Richard

MORE ADVICE ONLINE ypnexthome.ca/news/advice

IF YOU WANT TO SAVE for a home in the next five years,

you should avoid stocks because you could lose money. Instead, you should use no-risk options like a high-interest savings account or GICs. But what type of savings vehicle should you use? There are three different types of accounts to choose from and each has its own advantages and disadvantages. Here are your options: RRSP An RRSP allows the money you save to grow tax-free. If you qualify as a first-time homebuyer, you’ll also be able to take advantage of the Home Buyers’ Plan (HBP). Using the HBP, you can withdraw up to $25,000 from your RRSP as long as the money was deposited more than 90 days ago. If you’re buying with a spouse or partner who is also a first-time buyer, you can each take out $25,000 for a total of $50,000. The money you withdraw has to be taken out no later than 30 days after the closing date. You must start repaying what you borrowed the second year after the year you withdrew the funds. You have up to 15 years to repay that amount. For example, if you borrow $24,000 from your RRSP, you’ll need to pay $1,600 a year ($24,000 divided by 15, equals $1,600). YEAR HBP balance Annual repayment amount Your payment

2016

2017

2018

$24,000

$22,400

$13,000

$1,600

$1,000

($24,000

($22,400

($13,000

÷ 15 years)

÷ 14 years)

÷ 13 years)

$1,600

$9,400

$1,000

You can pay more than the $1,600 towards your HBP in any given year and your annual payments will decrease. If you decide to pay $9,400 in the second year, then you’ll only need to pay $1,000 a year thereafter. The great thing about the money you withdraw from your RRSP for the HBP is it’s tax-free. However, if you can’t afford to make the annual payment, you’ll have to declare it as RRSP income on your tax return.

TFSA Like an RRSP, a TFSA also allows your money to grow taxfree. But there aren’t as many restrictions as there are with an RRSP. If you’re buying a home for the second or third time, you can still make a tax-free withdrawal from your TFSA. There aren’t any first-time homebuyer restrictions. You’re not restricted to borrowing just $25,000 because you can withdraw as much as you want from a TFSA. You also don’t have to pay the money back over a specific timeframe. In fact, you don’t have to repay the amount you took out and there aren’t any tax penalties. The other good thing about using your TFSA is you keep your RRSP intact and allow your money to compound over time so you can save more for retirement. However, you won’t get a tax refund if you save using a TFSA instead of an RRSP. If you were to get a refund, you could use that extra cash for your down payment and be able to save even more money. Non-registered account You could use a non-registered account to save for a house but this isn’t the best option because you’ll be taxed on any interest earned. The only reason you might use this type of account is if you don’t have any RRSP or TFSA contribution room, which is highly unlikely. However, you can withdraw as much money as you want from a non-registered account and you never have to pay it back. Which one to choose? RRSPs and TFSAs allow your money to grow tax-free while a non-registered account does not. A TFSA has fewer restrictions, while a saving in an RRSP will provide you with tax refunds, which can increase your savings. The best option might be to use a combination of both. Alyssa Richard is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

36 YPNEXTHOME.CA

TCG 04-23-16 master.indd 36 036 MORTGAGE ADVICE-SavingsOptions_TL-WK-JM.indd 16

2016-04-15 4:33 PM 4/15/16 12:25 PM

IT’S TIME TO MEET ELLIE

COMING SOON LUXURY CONDOMINIUMS AT YONGE & ELLERSLIE FROM THE MID $200,000’s G e t t o k n o w E l l i e t o d a y. Register now for priority access.

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

037-GGroup-Ellie 04-23-16.indd 37

2016-04-15 10:53 AM

Advice | HOT TOPIC

Low Canadian dollar An investor’s paradise

By Anthony Jong

MORE ADVICE ONLINE nexthome.yp.ca/news/advice

THE LOW CANADIAN DOLLAR has given

a boost to the already potent real estate market in the Greater Toronto Area. In January 2016, we saw the dollar dip below US$0.69, which has not happened in the last 13 years. Last time the exchange rate was close to this level was on Jan. 21, 2002, when our dollar was US$0.6179. That was the day before Kmart, the largest American retailer, filed for Chapter 11 bankruptcy. It was also the same year Canada defeated the United States five-two in the men’s Olympic hockey gold medal match. These are such distant memories. Last month when I was at the supermarket, a head of cauliflower was $7.99. I did not think that cauliflower had become a luxury food item. After doing a double take, I found that not only was there a drought in California, but the sinking dollar played a big role in this price hike. Admittedly, not everything in the store increased that dramatically. The Food Institute at the University of Guelph has projected an increase in 2016 for fruits, vegetables, and nuts in the range of 2.5 per cent to 4.5 per cent. The low Canadian dollar will dampen the pocketbooks of those who choose to travel internationally, shop abroad or buy imported goods. Travelling domestically this year might not such a bad idea. Tourism in Canada has certainly gained momentum with many foreigners, especially Americans, trekking across the border. They are not only here

as tourists visiting world-acclaimed cities such as Toronto, but also as consumers. A recent Huffington Post report examined the types of consumer goods available to Americans at a discounted rate in Canada. Electronics, for the most part, cost 10 to 30 per cent less here than in the U.S. Vehicles in the $40,000s are approximately $10,000 cheaper in Canada after the USD exchange rate. Our low loonie has also resulted in a boost in our real estate market thanks to foreign investors and new immigrants. I recently met a Canadian couple who work and live in the U.S. Since their income is in US dollars, they have found that the Canadian real estate market offers a substantial discount. The exchange rate has essentially provided them with an opportunity to invest in the real estate market now, but at price levels comparable to two to three years ago. Their plan is to purchase real estate now, have a foot in the Canadian real estate market and move back to Canadian soil when their job situation allows. The low loonie, coupled with Canadian banks’ lending criteria, make this a great opportunity to convert foreign currency and pour it into the real estate market in Canada. For the most part, Ontario and the rest of Canada welcome foreign

investors with open arms. Anyone outside the country who plans on living in Canada for less than six months of the year may keep a home, even without applying for residency. Foreigners who wish to stay longer in Canada may apply for permanent residency or immigration, and there is no restriction to the number of properties that he or she may own. Foreign investors are subject to the same fees and taxes as all Canadians, but typically require a minimum of a 35 per cent down payment to secure a loan from a Canadian bank. There is also a 25-per-cent withholding tax on rental income and capital gains, if the investor decides to sell the property and turns a profit. These policies have not deterred investors from continuously pouring their capital into the Canadian real estate market. The Canadian banking system also holds a tremendous advantage. Canada has the most well managed, well regulated, and well capitalized banks in the world. Back in late 2008 and early 2009, Canada withstood the economic downturn and much of that was due to our stable banking system. From a mortgage lending standpoint, Canada does not have the same subprime mortgage problems that were the origin of the U.S. real estate crash. Canadian lenders tend to hold on to mortgages they originate rather than distribute to other institutions, and as a result limit irresponsible lending decisions and financial consequences. Why would you invest your money anywhere else in the world? Real estate in Canada is your best bet. Anthony Jong is a broker at Re/ Max Hallmark Realty Ltd., Brokerage, specializing in homes, condos and commercial properties. Email him at anthonyjong@live.com, visit online at anthonyjong.ca or call 416.836.2821.

38 YPNEXTHOME.CA

TCG 04-23-16 master.indd 38

2016-04-15 4:33 PM

heart

LUXURY CONDOMINIUMS IN THE

OF RICHMOND HILL

PHASE I

PHASE II

• Move in now! • 5% down • 1 year free maintenance* • Model suites coming soon

• Register for VIP access at grandpalace.ca

TOWER A & B

TOWER C

• Starting from $250,000s • Occupancy late 2017

SALES CENTRE: 9612 YONGE STREET MONDAY – THURSDAY: 12PM-7PM FRI., SAT., SUN. & HOLIDAYS: 12PM – 6PM

grandpalace.ca

905.907.4370

Prices & specifications subject to change without notice, E. & O. E. *Contact a Sales Representative for details.

039-Guizzetti-GrandPalace 04-23-16.indd 39

2016-04-15 10:53 AM

LIVE ON THE WATERFRONT

Buy now and receive $50,000 in savings plus 3 Years Free Maintenance on select suites

ONLY 2 UNITS LEFT

MOVE IN TO YOUR SPECTACULAR WATERFRONT HOME THIS YEAR

DISCOVER BEAUTIFUL BOUTIQUE LIVING RIGHT ON THE LAKE SHORE

Overlooking the spectacular city skyline, wrap-around balconies provide this 50-Storey gem a brilliantly distinctive appearance.

A remarkable 16-storey residence with a 5-storey podium offers resort style-living and clear views of Lake Ontario and the Toronto skyline.

ETOBICOKE WATERFRONT MOVE IN 2016

ETOBICOKE WATERFRONT READY EARLY 2017

UNDER CONSTRUCTION

1,083 to 1,372 Sq.Ft. From $743,990

674 to 1,188 Sq.Ft. From $299,990

(Price shown before incentive)

(Price does not include parking)

FOR MORE INFORMATION REGISTER AT MATTAMYHOMES.COM FOLLOW US: SALES CENTRE ADDRESS: 2167 Lake Shore Blvd. West, Etobicoke, ON, M8V 0A8 • 647-347-5930 SALES CENTRE HOURS: Monday - Thursday 12 pm - 8 pm; Friday 1pm-6pm; Saturday - Sunday 11 am - 6 pm Prices, specification and promotions are subject to change without notice. Renderings are artist’s concept and images are for mood and impression only. E.&O.E. March 2016.

Advice | CONDO PRO

Condos: A first-time buyer’s paradise By Barbara Lawlor

MORE ADVICE ONLINE ypnexthome.ca/news/advice

I’VE BEEN INVOLVED in the newcondo industry for years, and I have never seen conditions as favourable for first-time buyers as they are right now. Anyone thinking about taking this major step should seriously consider buying soon for a multitude of reasons. For one thing, it’s absolutely incredible that interest rates have stayed so low for so long. Whatever age people are when they enter the market today, they’re getting rates far lower than what their parents had. And when you consider the length of time it takes to pay off a mortgage and the amount of interest you pay during that time, every percentage point — or even fraction of a point — lower represents many thousands of dollars saved in the long run. Also on the financial angle, prices are extremely competitive — mainly because there is a phenomenal amount of choice out there aimed at the first-time buyer market. As the price of lowrise homes skyrockets, condominiums are a refreshingly attainable choice as a first home. As a first-time buyer, you may have to choose one of the more compact designs, but remember, you have wonderful amenities that are an extension of your living space. For example, with a fitness room in the condo building, you don’t need space in your suite for exercise equipment. If you want to entertain a crowd, you can book the party room or have

friends over to watch the big game in the theatre room. And of course, the federal government is helping first-time buyers get into the market by offering the first-time Home Buyers’ Plan (HBP), which allows you to withdraw $25,000 — tax free! — from your RRSPs to put toward a down payment and other purchase-related costs. If you’re a couple, you can each use that amount, for a total of $50,000. Don’t forget about the first-time Home Buyers’ Tax Credit (HBTC) of up to $750 in tax relief. Remember, the economy and real

estate roll in cycles. Mortgage rates will rise again, and so will the prices of condominium suites as labour, materials and other building costs increase. If you can buy your first home now, you have a lot going for you that may not be available in six months or a year. Think ahead and act now!

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.

40 YPNEXTHOME.CA

TCG 04-23-16 master.indd 40

2016-04-15 4:33 PM

Inspiration | Q&A

YANIC SIMARD ON

CREATING CUSTOM By Elisa Krovblit | Photos Brandon Barre

WHEN YOU HIRE A DESIGNER the

space they create for you is, of course, custom. But the elements in that room — are they a carefully curated collection that will work in your space or are they custom made, just for you? New Condo Guide caught up with celebrity designer Yanic Simard, principal of the award-winning boutique firm Toronto Interior Design Group (tidg.ca), to ask him about custom pieces, and he’s given us some amazing insight into creating the best custom essentials for your home.

New Condo Guide: Why custom? Yanic Simard: My idea of comfort is living in a space that feels right — a personal retreat where you end up at the end of the day, and it just feels good. Going custom is the best way to achieve that.

NCG: Custom can be costly. Are there cost-effective ways to get custom looks? YS: Upholstery. Custom upholstering an entire piece of furniture, such as an armchair or a sofa, can quickly add up. But focusing on something simple, like the seats of dining chairs, can be a small investment with a big payoff. This approach also gives you the opportunity to create a lot of looks that you are unlikely to find in a store, such as matching your drapery to a chair back for a statement that says “custom,” loud and clear. This also provides an opportunity to use a small amount of high-end fabric for accents and apply a plainer and more durable material to high-impact areas, such as the seat, for the best of both worlds (and a balanced budget).

NCG: Are there areas where you more strongly recommend going the custom route? YS: Drapery. As with upholstery, custom draperies can require investing in materials and labour. However, a custom drapery treatment is by far the best way to achieve an elegant look, especially for windows of an unusual size or walls that do not perfectly suit a pre-made panel. This is why custom drapery is generally considered worth the investment. In many cases it is possible to extend a ready-made panel instead of starting from scratch. In much less time than it takes to make a panel from scratch, a seamstress (or skilled DIYer) can cut the bottom of a packaged curtain and attach a panel of a second fabric, creating a perfect length, colour-block statement without the full price tag. NCG: Do you recommend customizing pieces of furniture? YS: Creating a custom piece of furniture for a client is many designers’

dream, but it can sound more like a nightmare for homeowners. The cost, time, imagination and decisions required can make choosing a custom piece seem overwhelming compared to simply dropping by a store and walking away with a new find.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 41

TCG 04-23-16 master.indd 41

2016-04-15 4:33 PM

NCG: Are there any design issues that are more easily overcome with custom options, where you tend to prefer custom? YS: Mirrors for the bathroom. Custom inset mirrors solve a lot of issues in bathroom design. They expand a space visually, and they also replace a large area of tile, allowing a seamless, fully tiled look without requiring as much material to be purchased. When you use a mirror wall to wall or floor to ceiling — and skip the frame cost — you’ll save even more while getting a perfectly polished look. It’s a good idea especially in a compact bathroom, letting you splurge on a smaller amount of must-have stone and doubling the look of it. NCG: What are some of the current trends in customization? YS: There’s a big trend to upcycle, so if what you have is in good condition, customizing the finish is becoming a popular option. Beautiful, colourful cabinetry can be rare, especially in the exact hue of your choice. In fact, you’re more likely to find a dated or drab shade if you’re living in an older home. If the existing units are in good condition, having the fronts sprayed with a new finish can be very reasonable in price compared to a full replacement. The same can be said for salvaged vanities. Whether your look is eclectic, traditional, modern or rustic, a salvaged furniture piece used as a vanity can make for an excellent twist in any bathroom. A simple coat of paint (or just a sealant to keep worn-in character as is), a few cuts and a basic block vessel sink can transform nearly any furniture piece into a bathroom vanity. You can also try adding a solid slab to create a more traditional countertop, or take an inexpensive cabinet frame and replace just the doors to achieve a unique look while still providing plenty of closed storage. NCG: Are there any customizations that are particularly influenced by the client? YS: Art — this is definitely one element that needs to speak to the client on another level. In a Miami condo space I recently designed, I wanted to bring a sense of South Beach artistic flair without letting it swallow the budget. I found high-resolution images created by a local artist online and had them printed directly onto acrylic. If you want to customize art for yourself, ask a local printer what materials they can print on, and try something fun, like canvas, cloth, parchment, plastic or even wood. The result will be unique art pieces with a true artistic story, but without the art auction price. And of course, there are also many good reasons to buy a one-of-a-kind original piece of art from your local gallery. Sometimes just a little change goes a beautifully long way. 42 YPNEXTHOME.CA

TCG 04-23-16 master.indd 42

2016-04-15 4:33 PM

Fifth_CG_26Mar2016APPROVEDup:Layout 1 2016-04-15 4:48 PM Page 1

NOW UNDER CONSTRUCTION IN NORTH YORK WALKING DISTANCE TO DON MILLS SUBWAY STATION AND FAIRVIEW MALL

Buy with 10% Down† plus Receive $10,000 Credit†† Special Limited Offer for up to 10 Suites

Large Wraparound Balcony 179 sq.ft.

Our Suite of the Month MOUNT ROYAL PARK

Master Bedroom 9’9” x 11’0”

Two Bedroom from the low$400s

Living 13’3” x 10’0”

w/d

Dining 11’0” x 13’3” optional

Bedroom 2 9’3” x 9’0”

Fifth onthePark.ca Visit our Presentation Centre directly across from Fairview Mall on Sheppard Avenue Mon-Thurs 11-6 pm :: Saturday & Sunday 12-5 pm For more information, call 416.492.0001

EXCLUSIVE LISTING: BAKER REAL ESTATE INCORPORATED BROKERAGE. † 5% due in 30 days, 5% due in 120 days and the remaining 10% is due on interim occupancy. Offer limited to qualified Fifth on the Park purchasers only. † † Ask sales representative for details. Incentives and offers are subject to change and may be withdrawn at any time without notice. Offers and incentives may not be combined with any other offers or incentives. Views are subject to change without notice. The developer make no representation and provides no guarantees of the existence of any view and image does not contain any condition at present, or in the future, which may impede or obstruct in view. Block B will have 3 proposed towers within this phase. This plan is not to scale and is subject to architectural review and revision. The purchaser acknowledges that the actual unit purchased may be a reverse layout to the plan shown. All materials, specifications, details and dimensions, if any, are approximate and subject to change without notice in order to comply with building site conditions and municipal, structural, vendor and/or architectural requirements. Actual living areas may vary from floor area stated. Floor area has been measured and may vary in accordance with Bulletin #22 published by the Tarion Warranty Corporation. Tile pattern may vary. Bulkheads are not shown on this plan and may be located in areas of the Unit as required to provide venting and mechanical systems. Balconies, Terraces and Patios, if any, are exclusive use common elements shown for display purposes only and location and size are subject to change without notice. Window location, size and type may vary without notice. The length, width and directional position of the flooring are for illustration purposes only and may vary without notice. Illustration is artist concept. All prices, sizes and specifications are subject to change without notice. E.&O.E. Brokers Protected.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 43

043-ELAD-Fifth 04-23-16.indd 43

2016-04-15 7:40 PM

GRAND OPENING SATURDAY, APRIL 30 2016 • 11:00AM SHARP! TH

A Crowning Achievement Comes To Stouffville

7 storey building adjacent to conservation lands, 700 sq. ft. to 1,900 sq. ft. all with balconies or terraces

Luxury Condominium Residences from the high

300’s

STOUFFVILLE

For Special Promotion to earn 5% interest on your deposits*

royalpinecondos.com *By registering you will become eligible for this special promotional offer, providing you purchase a unit by June 30th, 2016. Limited time only. Prices and specifications are subject to change without notice. E. & O.E. Rendering is artist’s concept.

ROYA-HAM-A-AD-CONDOGUIDE-APR11-4.indd 1 044-RoyalPine_Hampton 04-23-16.indd 44

4/14/16 11:55 AM 2016-04-15 10:53 AM

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 45

045-GreatGulf-Corp 04-09-16.indd 45

2016-04-15 1:36 PM

Trending

Tridel selects 3XN to design new phase of Bayside Toronto By Brandon Bastaldo

ON WEDNESDAY APRIL 13, international real estate firms Hines and Tridel announced that Danish firm 3XN will be the design architect of the third phase of their Bayside neighbourhood development. An interesting selection process to say the least, Hines and Tridel held an international competition to determine the best possible architect for the next phase, which will complete the transformation of the 13-acre mixeduse development site located south of Queens Quay, between Sherbourne Common and the Parliament Slip. 3XN’s proposed condominium design will be the next residential phase developed by Hines and Tridel at Bayside Toronto. This follows the successful launch of Aqualina and Aquavista in 2013 and 2014 respectively, which were designed by Miami-based architecture firm Arquitectonica. Kim Herforth Nielson, 3XN principal and senior partner, spoke alongside Michael Gross, Hines Bayside program director, and Andrew DelZotto, Tridel executive, to give some insight about their spacious, green-centric design proposal that sees the upcoming Bayside neighbourhood using mixed space like no other in the GTA. Based on the three preliminary renderings, it’s evident why Tridel and Hines selected the Danish design firm to steer this project to completion. Nielsen explains that “The design puts people first, paying particular attention to the quality of views, space and lifestyle. The development will command extraordinary views of the water, neighbouring parks, and the city skyline.” One of the most appealing aspects of this upcoming project is Nielsen’s influence that places a heavy emphasis on the importance of community.

When explaining the proposed shape of the building Nielsen noted that “While the stepped L-shape form provides a sculptural quality to the building, the large garden terraces are the hallmark of the design.” Michael Gross explains that 3XN’s proposal containing the uniquely stacked units was “one that understood the site’s importance to the City and the revitalization of the waterfront; the singular opportunities created by its location along the water’s edge; and the market demands of Toronto’s sophisticated condominium consumer.”

MORE TRENDING ONLINE ypnexthome.ca/news

46 YPNEXTHOME.CA

TCG 04-23-16 master.indd 46

2016-04-15 4:33 PM

Presented by:

The Fifth Annual

A dinner to benefit creative placemaking

MAY 25, 2016 ARTSCAPE WYCHWOOD BARNS 601 CHRISTIE STREET • Open Bar and Passed Hors d’Oeuvres • Three Course Seated Dinner • 32 Featured Guests from Toronto’s Arts & Culture Scene

CONNECT WITH CREATIVITY. TICKETS AT ARTSCAPESALON.CA To Benefit

Creative Partner

Media Sponsors

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 47

047-Rockport-Artscape 04-09-16.indd 47

2016-04-15 10:53 AM

Trending

PM Justin Trudeau’s Budget 2016 Report Card By Wayne Karl

Economy & job creation

Prime Minister Justin Trudeau unveiled Budget 2016 on March 22 — his inaugural budget — so New Condo Guide took a closer look at it from the housing perspective.

Though perhaps not specifically related to housing, everything evolves around the economy and jobs. After all, a strong economy begets job and wage growth, which begets consumer confidence and the ability to rent or buy — to live. What was promised: To get the economy growing again, Trudeau said we need to immediately invest in helping our businesses and entrepreneurs — including those in manufacturing — become more innovative, competitive and successful. What was delivered: Something equally ambiguous. Budget 2016 “puts people first,” directing billions toward helping the middle class and those less fortunate, with the idea that this will boost economic growth. The hope is that more than 100,000 jobs will be created and the economy will grow by an additional one per cent over existing predictions. The government acknowledges that economic challenges persist in oil and commodities, and is extending employment insurance benefits in the hardest hit regions, such as Alberta and Saskatchewan.

Infrastructure spending Leading up to the budget, speculation was that where would be less than what was promised during last fall’s election campaign, and the focus would be on repairs instead of capital projects. What was promised: To invest in public transit to shorten

commute times, cut air pollution, strengthen our communities and grow our economy. “Over the next decade, we will quadruple federal investment in public transit, investing almost $20 billion more in transit infrastructure.” What was delivered: Phase one of the government’s infrastructure plan proposes to provide $11.9 billion over five years, beginning immediately: » $3.4 billion over three years to upgrade and improve public transit systems across Canada; » $5 billion over five years for investments in water, wastewater and green infrastructure projects across Canada; and » $3.4 billion over five years for social infrastructure, including affordable housing, early learning and child care, cultural and recreational infrastructure, and community health care facilities on reserve.

Home Buyers’ Plan (HBP) The plan as it stands now allows firsttime buyers to withdraw up to $25,000 from their RRSP to put toward a down payment on a home. They have up to 15 years to repay the funds. What was promised: To modernize the existing HBP to allow Canadians impacted by sudden and significant life changes to buy a house without tax penalty. Trudeau said this will ease the burden on Canadians facing job relocation, the death of a spouse, marital breakdown or a decision to accommodate an elderly family member. …continued on page 50

48 YPNEXTHOME.CA

TCG 04-23-16 master.indd 48

2016-04-15 4:33 PM

16-04-15

1:43 PM

N ow

Op en !

16-0300_SOUTHSIDE_NOW-OPEN_CONDOGUIDE_APR23_V3.pdf

What life needs...

NEW IDEAS IN HOME OWNERSHIP You’ve got to see it to believe it. Stunning interior design and so many reasons for you to own a new condo at Southside. There’s a wide range of suite layouts, spectacular amenities and more. All just steps to the Wilson Subway and minutes to York University and Yorkdale shopping. Priced from the $190’s. VISIT OUR DESIGNER DECORATED MODEL SUITE AND SALES CENTRE AT 9 TIPPETT RD. JUST SOUTH OF WILSON AVE. SOUTH OF GRAMERCY PARK, IN THE YORKDALE COMMUNITY. SUITES FROM THE $190’S.

ALLEN RD

WILSON SUBWAY

416.703.2202 SOUTHSIDECONDOS.CA

WILSON AVE

SOUTHSIDE 9 TIPPETT RD HWY. 401 YORKDALE SUBWAY

Sales Centre Hours: Monday to Thursday 12-6pm Closed Fridays, Saturday & Sunday 12-5pm Exclusive Listing: Cornerstone Marketing Realty Inc., Brokerage. Brokers Protected. Prices and specifications are subject to change without notice. E. & O.E. Illustrations are artist’s impressions.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 49

049-Malibu-Southside 04-23-16.indd 49

2016-04-15 3:59 PM

…continued from page 48

What was delivered: Nothing. Any update or revision to the HBP is nowhere to be found in Budget 2016. Through other measures, however, it is clear he’s keeping an eye on the housing market, which is increasingly important given economic and affordability challenges in some areas.

Rental/affordable housing What was promised: To encourage the construction of new rental housing by removing all GST on new capital investments in affordable rental housing. This will provide an estimated $125 million per year in tax incentives to increase and renovate the supply of rental housing. What was delivered: Budget 2016 proposes to invest

$2.3 billion over two years, starting in 2016-17. Of this amount, $2.2 billion reflects the government’s commitment to invest in social infrastructure, including $739 million for First Nations, Inuit and northern housing. A significant portion of the $2.3 billion will be allocated to provinces and territories, which can identify communities where the need for affordable housing is greatest. To encourage the construction of affordable rental housing, Budget 2016 proposes to invest $208.3 million over five years, starting in 2016-17, in an Affordable Rental Housing Innovation Fund administered by Canada Mortgage and Housing Corp. (CMHC). Funding would be used to test innovative business approaches — such as housing models with a mix of rental and homeownership — to lower the costs and risks of financing affordable rental

Report card

New Condo Guide grades the prime minister’s inaugural budget, from a housing perspective

Economy and job creation B = Progressing well Infrastructure B- = Satisfactory Home Buyers’ Plan C = Needs improvement Rental/affordable housing B = Progressing Well Housing policy B- = Satisfactory

SEE THE INFOGRAPHIC ONLINE ypnexthome.ca/budget-2016

housing projects. The investment is expected to support the construction of up to 4,000 new affordable housing rental units over five years. CMHC is also to consult with stakeholders on an Affordable Rental Housing Financing Initiative to provide low-cost loans to municipalities and housing developers to build new affordable rental housing projects. Up to $500 million in loans would be available each year for five years, supporting the construction of more than 10,000 new rental units over this period.

Housing policy What was promised: To direct CMHC and the new Canada Infrastructure Bank to provide financing to support the construction of new, affordable rental housing for middle- and low-income Canadians. To review escalating home prices in high-priced markets such as Toronto and Vancouver, and consider policy tools that could keep homeownership within reach for more Canadians. What was delivered: Budget 2016 proposes to address this data gap by allocating $500,000 to Statistics Canada in 2016-17 to gather data on Canadian housing purchases by foreign buyers. This could involve collaboration with the provinces, such as B.C., which recently announced its intention to have homebuyers disclose whether they are citizens or permanent residents of Canada or another country. Trudeau also promised to consult with the provinces and territories, Indigenous and other communities, and key stakeholders this year to develop a National Housing Strategy.

50 YPNEXTHOME.CA

TCG 04-23-16 master.indd 50

2016-04-15 4:33 PM

16-0330_SONIC_CONDOGUIDE_APR9_FP_FINAL_OL.pdf

4/1/16

5:08 PM

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 51

051-Lindwest-Sonic 04-09-16.indd 51

2016-04-15 10:53 AM

Property Profile | ELAD CANADA

Fifth on the Park Choose April’s suite of the month and save! RUN, DON’T WALK, to Fifth on

the Park in Emerald City to take advantage of a limited-time offer on the approximately 772-sq.-ft., two-bedroom Mount Royal suite design. For a limited time only, the first 10 units of this suite design sold will be eligible for purchase with only 10 per cent down (prior to interim occupancy) for qualified buyers — plus receive a $10,000 credit on closing. What a fantastic opportunity to own one of these suites, which offer views facing southeast, displaying green spaces from a generous balcony and expansive windows. In fact, the Mount Royal’s L-shaped open-concept main living area is bathed in natural light from windows on two sides and features direct balcony access. With the kitchen, dining and living room spaces open to each other, the suites provide a perfect setting for entertaining. Situated on opposite sides of the suite for enhanced privacy, the master and second bedrooms are also bright and airy, with light coming in from large windows. The main bath is centrally located for convenience, and the second bathroom and laundry closet are located at the entry. The Mount Royal is perfect for singles, couples and families. Prices for this suite start from the low $400s. Of course, Fifth on the Park’s location within Emerald City adds value to every suite in the condominium. The fifth condo in this vibrant master-planned community at Sheppard Avenue East and Don Mills Road is close to the Don Mills subway station, fabulous Fairview Mall, and steps to the Parkway Forest Community Centre. The centre offers a rooftop garden, gymnasium, YMCA-run daycare, outdoor patio and 52 YPNEXTHOME.CA

TCG 04-23-16 master.indd 52

2016-04-15 4:33 PM

052-053

Location

dining area, and barbecue terrace. An inviting sense of place is created by Emerald City’s iconic public art component by renowned Canadian novelist and visual artist Douglas Coupland — brightly coloured massive cones and seven smaller cylinders. The condominium will rise to approximately 24 storeys from a currently planned three-storey podium that will house retail venues on the ground ﬂoor. Residents will appreciate the amenities within the building, starting with a modern lobby with concierge service and a WiFi lounge. They will also have access to other amenities shared with The Colours of Emerald City, such as an indoor pool, hot tub, his and hers change rooms and saunas, yoga room, fitness room, karaoke and theatre room, arcade/games centre, lounge and dining room with fullyequipped kitchen and an outdoor patio and dining area, plus a barbecue

Sheppard Ave. E. & Don Mills Rd. Builder

Elad Canada Development

Fifth on the Park Home Type

Two-bedroom condo units (April’s suite of the month) Sales Centre

Sheppard Ave., east of Don Mills Rd. Contact

416.492.0001 emeraldcitylife.ca terrace. Be one of the lucky purchasers of the Mount Royal and save big — but hurry while there is still time. The Emerald City presentation centre, with its model section showcasing many of the wonderful standard features in the suites, is located on Sheppard Avenue, just east of Don Mills Road, across from Fairview Mall. For hours and more information, call 416.492.0001 or visit emeraldcitylife.ca.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 53

TCG 04-23-16 master.indd 53 052-053 PP 5th on the park - emerald city_MC-JM.indd 3

2016-04-15 4:33 PM 4/15/16 12:26 PM

54窶ズPNEXTHOME.CA

054-055-Concord-Lakeshore 11-07-15.indd 54

2016-04-15 1:36 PM

A COMBINATION RARELY OFFERED. AN ICON RARELY SEEN. Located on the northeast corner of Lake Shore Blvd. and Bathurst St. in downtown Toronto, rising majestically above an iconic structure, The LakeShore will be one-of-a-kind. Exceptional lake and city views. 50,000 sq. ft. Loblaws flagship supermarket, 11,000 sq. ft. restaurant, and 88,000 sq. ft. of additional retail. Refined suite design. Inspired features and finishes and a compendium of life, health, and fitness amenities like none other. This is The LakeShore. Life in full. Visit TheLakeShoreCondo.ca.

416-813-0999 TheLakeShoreCondo.ca APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 55

054-055-Concord-Lakeshore 11-07-15.indd 55

2016-04-15 1:36 PM

Inspiration Stockholm sofa, Röstånga white $999 ikea.ca

Acrylic and chrome bar cart $499 homesense.ca

LIGHT & WHITE

Shaping up to be one of 2016’s hottest trends, white on white is clean and elegant. Interest comes from combining pattern, textiles, objects and texture. It’s whimsical, sophisticated and fills the space with personality. By Elisa Krovblit

Memphis white rug $399-$1,999 crateandbarrel.ca

White hashtag $5.50 chapters.indigo.ca

Klere bookcase $899 eq3.com

MORE TRENDING ONLINE ypnexthome.ca/news/inspiration

56 YPNEXTHOME.CA

TCG 04-23-16 master.indd 56

2016-04-15 4:33 PM

SPECTACULAR MODERN RESIDENCES ON DOWNTOWN’S LOWER EAST SIDE UP TO

$32,000 OFF PRICES

ONE, TWO & THREE BEDROOM SUITES FROM $289,900 DEVELOPED BY RICHMOND ST. E .

BERKELEY ST.

PARLIAMENT ST.

ONTARIO ST. ADELAIDE ST. E.

EXCLUSIVE BROKER

VISIT OUR SALES CENTRE + MODEL SUITE 53 ONTARIO ST. (AT RICHMOND ST. E.) MON- WED 12-6PM THURS 3-8PM SAT + SUN 12-5PM

EAST55CONDOS.COM

416.861.9559

Exclusive Listing: Brad J. Lamb Realty Inc., Real Estate Brokerage. Brokers Protected. *Based on a promotional discount of the current purchase price of the suite. Renderings are an artist’s impression. All prices, sizes and specifications are subject to change without notice. E.&O.E.

057-BradLamb-East55 04-09-16.indd 57

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 57

2016-04-15 10:53 AM

058-VanDyk-Backyard 03-26-16.indd 58

2016-04-15 1:36 PM

LIVE IN A

LOFT STYLE RESIDENCES SPECIAL SPRING PRICING UP TO

$25,000 OFF PRICES* ONE & TWO BEDROOMS

SPADINA AVE.

QUEEN ST. W

RICHMOND ST. W

ADELAIDE ST. W

PRESENTATION CENTRE Located at 452 Richmond St. W., Toronto Call 416.214.9900 or visit jamestoronto.ca

ADELAIDE ST. W

$307,900 D EVELOPED BY

EXCLUSIVE BROK ER

PRESENTATION CENTRE HOURS MON - WED: 12-6 PM THURS: 3-8 PM SAT & SUN: 12-5 PM

059-BradLamb-James 04-09-16.indd 59

RICHMOND ST. W

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 59

SPADINA AVE.

Exclusive Listing: Brad J. Lamb Realty Inc., Real Estate Brokerage. Brokers Protected. *Based on a promotional discount of the current purchase price of the suite. Renderings are an artist’s All prices, sizes and specifications QUEEN ST. W are subject to change without notice. E.&O.E. QUEENimpression. ST. W

RICHMOND ST. W

FROM

ADELAIDE ST. W

2016-04-15 10:53 AM

e-NEWS!

FOCALPOINT

monthly podcast series â&#x20AC;&#x201C; featuring your favourite in-the-know lifestyle experts

owen reeves garden variety

sharon grech living with colour

bryce wylde healthy u

hellen buttigieg order in the house rose reisman e-chef

carson arthur take it outside

dr. martie gidon skin deep jamie & glen design diaries

adria vasil pure body

leslie beck b.well

subscribe online today â&#x20AC;&#x201C; new podcasts every month + fabulous free contests!

studiotouronline.com sandra rinomato realty savvy 060-Focalpoint 04-23-16.indd 60

2016-04-15 10:53 AM

CONDOMINIUM RESIDENCES AT AVENUE ROAD NORTH OF ST. CLAIR FROM THE HIGH $300’S TO OVER $2.5 MILLION* Thoughtfully designed, efficient suite layouts with oversized balconies/ terraces and extra bathrooms distinguish 609 Avenue Road from other developments. This is your opportunity to live amongst the City’s most prestigious neighbourhoods – Forest Hill and Deer Park. You will be

Top of its class

steps away from Upper Canada College and Bishop Strachan, as well as the many shops and cafes that the area has to offer.

LIVE STEPS AWAY FROM SOME OF TORONTO’S BEST PRIVATE SCHOOLS View our spectacular designer furnished MODEL SUITE today!

609AVENUE.COM Upper Canada College STAT-609-A-AD-CONDOGUIDE-MAR30-1.indd 1 061-Madison-609Avenue 04-09-16.indd 61

*Prices and specifications are subject to change without notice. Rendering is artist’s concept. E. & O. E. Exclusive Listing Brokerage: Milborne Real Estate Incorporated. Brokers Protected.

3/30/16 12:28 PM 2016-04-15 10:53 AM

Advice | LOCATION ADVICE

The importance of location when buying real estate By Steve Gupta

MORE ADVICE ONLINE ypnexthome.ca/news/advice

PEOPLE OFTEN SAY to me that

‘location, location, location’ is the key to a successful real estate development. I couldn’t agree more. A prime location is the most important factor when it comes to condo investment, because you can always remodel or alter your unit, but you cannot move it. You are committed to the area in which you have purchased. Be sure to look at location from several angles such as your work commute. Investigate your options. Do you have access to major highways and public transit? Firsttime buyers who stretch their budgets to afford a down payment may be able to get around efficiently without owning a vehicle, which is a major money saver. Once you seriously consider a location, try your work commute during rush hour. Is it reasonable? With the growing number of families purchasing condominiums today, proximity to schools, shopping, medical facilities and entertainment venues will be important. The point is, consider location in the context of your lifestyle. Nowadays, you have the advantage of being able to check the area’s Walk Score — key in an address you are considering and find out what amenities are within walking distance. This is a huge advantage when narrowing down your search for a new home. Canadian Real Estate Watch recently summarized the three key

factors you should look for in real estate investment, whether you are buying a unit and living in it or buying a unit as an investment and renting it for income. Consider these factors: 1. Access: The location must have public transit and be easily accessible to anyone. 2. Are retailers investing in the location? If major national chains are investing in your neighbourhood, that’s a good sign. 3. Is public infrastructure being redeveloped? A healthy and vibrant ‘not-left-behind’ neighbourhood is a strong indicator of a good investment. All of these factors are strong fundamentals that influenced the locations for my recent developments. For example, The Rosedale on Bloor (at Sherbourne) will be next door to the TTC, close to the Don Valley Parkway and world-renowned retailers. Yonge Park Plaza office condominiums at

Yonge and York Mills is in a dynamic neighbourhood that has a onemillion-plus population within a 10-km radius, and offers direct TTC subway tunnel access from within the building. Steps to TTC transit and the underground PATH system, Dundas Square Gardens at Dundas and Jarvis streets is adjacent to Ryerson University and George Brown College’s King Street campus. When it comes to quality of life and return on investment, location continues to be of prime importance, certainly for purchasers, but also for developers. Land is a non-renewable resource, and as it becomes scarcer, developers have to be mindful when selecting a new site to develop. Dr. Steve Gupta is the chairman and CEO of The Gupta Group and president and CEO of Easton’s Group of Hotels. He recently received his Doctor of Laws (honoris causa) from Ryerson University. For more information, visit eastonsgroup.com.

62 YPNEXTHOME.CA

TCG 04-23-16 master.indd 62

2016-04-15 4:33 PM

875Queen.CGad.FINAL1:Layout 1 2016-04-15 5:34 PM Page 1

Coming to Leslieville This Spring

LOFT-INSPIRED. AND JUST INSPIRED, PERIOD. 875 Queen Street East elevates the urban experience along this downtown Toronto bustling strip in the heart of Leslieville. The seven storeys of loft-inspired residence overlooks the lively Queen Street East and Jimmie Simpson Park. 875 Queen East incorporates an organic architectural form as it steps back offering the natural elements of modern balconies and terraces. ONE- AND TWO-STOREY SUITES FROM THE $300S FOR MORE INFORMATION, CALL 416.694.8750 Rendering is an artist’s impression. Prices and specifications are subject to change without notice. E.&O.E.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 63

063-Harhay-875Queen 04-23-16.indd 63

2016-04-15 7:45 PM

LOOKING FOR A NEW HOME? we can help!

Brand new name, same great app. Everything you need to know to buy or rent your next home.

DOWNLOAD THE APP APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 64

064-YpPromo.indd 64

2016-04-15 3:59 PM

111BathurstCGOpenHouse.FINALOUT:Layout 1 2016-04-15 5:55 PM Page 1

tour new model suites

move in this spring

oneeleven is designed by award-winning Core Architects with interiors by internationally renowned II BY IV Design Associates, suites feature 9-foot ceilings in all principal rooms, designer european-style kitchens, engineered hardwood floors, exposed concrete ceilings and floor-to-ceiling windows.

CONDOMINIUMS+LOFTS

sales centre in the lobby at 111 bathurst (at adelaide) oneeleven.ca 647.351.4111

EXCLUSIVE LISTING: BAKER REAL ESTATE INCORPORATED, BROKERAGE. BROKERS PROTECTED. † Offer available for a limited time only - ask sales rep for more details. Rendering is an artist’s impression. Prices and specifications are subject to change without notice. E.&O.E.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 65

065-Harhay-111Bathurst 04-23-16.indd 65

2016-04-15 7:45 PM

luxury homes and condos to life

EDITIO N SPRING 2016 | GTA

created exclusively to showcase luxury homes and condo developments, Luxury Living is the first premium magazine of its kind.

e GTA: Living Posh in th communities The homes, the condos, the & the builders

discerning shoppers will enjoy browsing sophisticated design and editorial, and most importantly, the quality selection of premium, high rise and low rise developments in the GTA.

Cover photo courtesy of

ums The Bond Condomini ENTS BY LIFETIME DEVELOPM

S UPSCALE TOMAS PEARCE TALK INTERIOR DESIGN

HOT IN THE GTA

ELLEN DEGENERES INVITES US IN 4/15/16 3:27 PM

LuxuryCover-Spring 2016.indd

Get your copy now! 416.626.4888

066-Luxury Condo.indd 68

2016-04-15 7:53 PM

BennettCondoGuideAD.approved3:Layout 1 2016-04-03 8:59 AM Page 1

R E L E A S I N G

T H I S

S P R I N G

THIS CHANGES EVERYTHING. B AY V I E W A N D YO U .

The Bennett on Bayview offers transit at your doorstep, 3 minutes to Bayview Village and convenient access to Hwy 401, 404, 407 and the DVP. Plus abundant green space including Maxome Park surrounds you.

Location is everything.

cond os an d fam i ly - st yle res i de nces starti ng f rom t h e m i d $ 2 0 0 s

b e first in lin e . r egist e r today.

T h e B e n n e t t c o n d o s .c o m

E XCLU S IVE L I ST I NG BROKER AGE: I N2I T ION R E ALT Y INC .

For additional information, call 416.451.5802

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

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 67

067-Latch-Bennet 04-23-16.indd 67

2016-04-15 7:40 PM

Inspiration

EIGHT WAYS TO START AN URBAN GARDEN By Brandon Bastaldo

AS SOMEONE WHO LIVES IN DOWNTOWN Toronto, I can tell you

Cactus planter

firsthand that some of the preconceptions about the Big Smoke are spot on: it’s smoggy, there’s not a ton of green space and, sometimes, it can even be a bit suppressing when it comes to getting that fresh air we all so desperately need. With the recent influx of condos up in every previously unoccupied nook and cranny of the city, Torontonians are quickly losing much of our green space. Despite these eco obstacles, we can thank crafty humans, Pinterest and the Internet at large for helping to spread the green love. Urban gardeners and green thumbs from around the world have united on the Internet to deliver awesome options and ways for city dwellers to start wonderful, space-saving urban gardens that provide us with essential nutrients and fit into tight spaces. Without further ado, here’s my list of ways to start an urban garden.

If you’re one of those people who has trouble keeping plants alive, a cactus planter is ideal for you. Whether they’re potted or planted, featuring a variety of cacti in an urban garden is the definition of non-committal beauty. The best part is that if you forget to water them for a week, they’ll be just fine!

Hanging clay pot garden Look up! A hanging clay pot garden is a great solution for urbanites in …continued on page 70

68 YPNEXTHOME.CA

TCG 04-23-16 master.indd 68 068_070 Insp Start an urban garden_MC-JM-SB.indd 2

2016-04-15 4:33 PM 4/15/16 12:26 PM

GeorgeCG.FINALnewAPPROVEDrev:Layout 1 2016-04-15 5:16 PM Page 1

PL ANT YOUR ROOTS IN LESLIEVILLE

Family-size Suites & Large Urban Yards Introducing

RELEASING THIS SPRING

Located in the heart of Leslieville, George is an intimate residence featuring 80 suites and 8 modern townhomes. Named for George Leslie, a famous horticulturalist and one of the founders of this historic community, George is built for design-conscious urbanites with an eye for the outdoors. Each residence includes The Urban Yard, an expansive well articulated outdoor space, allowing you to relax and take refuge from the hustle and bustle of everyday life. The Urban Yard is an extension of your living space, outﬁtted with tiled ﬂooring, custom designed privacy screen and your own gas BBQ. This is The Urban Yard™ by Rockport.

One Bedrooms from the $300s Family-size Suites from the $700s M o d e r n To w n h o m e s f r o m t h e $ 9 0 0 s

Life. Lived better.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 69

069-Rockport-George 04-23-16.indd 69

2016-04-15 7:40 PM

…continued from page 68

Recycled hanging pop bottle planters The great thing about this concept is that it addresses two key issues with one solution. By reusing inexpensive, two-litre pop bottles and hanging them on your railings, these planters allow urban gardeners to save money and space. You can even decorate the bottles to jazz them up and make them fit in with your decor.

Balcony terrarium

MORE INSPIRATION ONLINE ypnexthome.ca/news/inspiration

Looking for a gardening solution that adds a little more pizzazz to the balcony? A balcony terrarium is great for urban gardeners with an eye for design and an interest in growing exotic plants. The beauty of this design is that because terrariums trap warm air inside, plants that would typically not be able to handle colder climates or adverse weather conditions are able to live longer.

Earthy rooftop relaxation zone For those who are not interested in tending to fruits and vegetables, but instead just crave the beauty of the outdoors, an earthy rooftop relaxation zone may be just right for you. Most condos nowadays have rooftop spaces that oﬀer a great place to crack a beer and enjoy the sunset. need of somewhere to plant their roots. This type of garden is easy to assemble and looks great. You can also make sure that your plants get as much sunlight as possible by hanging them in the direction of the sun.

Rustic garden wall Simplistic in its design and easy on the eyes, a rustic garden wall makes a great addition to any urban space that features exposed brick. A garden like this is relatively low maintenance

and can be used to grow vegetables as well as delicate flowers that will accent your hangout spot.

Staircase garden Small-space dwellers are familiar with having to come up with ingenious ways to save space and still get what they want. A staircase garden is a great example of taking that attitude to the next level as this clever planting system places greenery right under your feet.

Wall-mounted herb garden No space? No problem! A wallmounted herb garden is the perfect urban garden solution for anyone living in tight quarters. Using mason jars as pots is an inexpensive way to start your own herb collection. With very little maintenance, set up or clean up needed, the wall-mounted herb garden is a sure-fire way for you to get your greens.

Brandon Bastaldo is a digital content editor at YP NextHome. A lover of all things film, arts and culture, Brandon uses his education in film theory and English and his experience as a movie/hip hop blogger to deliver a fresh twist on digital real estate related content.

70 YPNEXTHOME.CA

TCG 04-23-16 master.indd 70 068_070 Insp Start an urban garden_MC-JM-SB.indd 3

2016-04-15 4:33 PM 4/15/16 12:27 PM

FROM THE LOW

$300S

! Y T R E B I L E E M TO BE ME

GIINVDEPENDENT & FREE

5 BRAND NEW SUITE DESIGNS IN ONE OF TORONTO’S HOTTEST NEIGHBOURHOODS! W NE

Hi, I’m Sarah and this is my new home. Now that I’m in Liberty Village, I can explore my interests, and meet like-minded people. And I have a space that’s simply my sanctuary. I love it!

PHASE ONE: ONLY 3 LEFT!

Liberty Village has everything I need to live exactly the way I want. Whether I’m running errands, relaxing at home, or meeting up with friends, my daily life is what I want it to be. I’m free to be me!

! P IN TODAY

R DRO REGISTER O

NEW PLAN: NAVI Presentation Centre (Liberty Village) 80 Lynn Williams Street Toronto

Phone 416.537.0047 Info info@liveinliberty.com

Hours Mon-Thu 12 noon to 6pm, closed Friday, Weekends & Holidays 12 noon to 5pm

Download the CanAlfa APP

liveinliberty.com/app * Broker’s Protected. Prices and specifications subject to change without notice. E.&O.E. Rendering is artist’s concept. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

071-Canalfa-Liberty 03-26-16.indd 71

2016-04-15 10:53 AM

Advice | MONEY MATTERS

Owning versus renting By Gail Vaz-Oxlade

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THE HOUSING MARKET has gone wild with people panting for good investments opportunities. Slow down and consider all the angles before you dive into homeownership.

There’s something about money Did you see that? The issue has shifted from “shelter” to “profit.” That’s because people believe that a home is a good investment. While money is a key consideration, it shouldn’t be the only consideration. If you’re going to make the move from renting to buying, look at the dollars and cents. First there’s the straight calculation that compares the cost of carrying your own home (your principal and interest payments and property taxes) with the cost of renting one. Renters aren’t responsible for maintenance. Homebuyers also need to consider closing costs which include legal fees, land transfer tax, and other miscellaneous expenses that you avoid by renting. First and last months’ rent is also a ways smaller than the typical down payment on a home. Of course, when you own, no matter how small the principal portion of your mortgage is (and it’s miniscule in the early years), as long as the market is stable, and you’re not looking to make a quick sale, homeowners are building equity and increasing their net worth with every mortgage payment. And when you sell your principal residence one day, the money earned is tax free.

While money is a key consideration, it shouldn’t be the only consideration. If you’re going to make the move from renting to buying, look at the dollars and cents. It’s a wonderful life When I was in my 20s, I lived in a neighbourhood that was suited to a single girl hell bent on a good time. Back then, renting was the perfect solution: one of limited responsibilities and commitment. Renting is virtually a worry-free existence — assuming you have a decent landlord. Homeownership is a responsibility that also brings a ton of warm, fuzzy feelings. It means you can put down roots. You have complete control of your environment so, yes, you can paint your living room red. Location, location Buying a home in a neighbourhood you don’t know well is one a common mistake. If you’re new in town, consider renting for six months or a year to get a feel for the area. If you like living there, you’ll feel more comfortable buying a home.

Steady as she goes Your employment prospects should be stable before you consider buying a home. Homeownership requires a number of regular payments — mortgage, property taxes, utilities, maintenance and insurance. Missing any of these payments can trigger dire consequences. There are a number of financial factors to consider when it comes to buying versus renting. But the decision involves much more than just running the numbers. You’ve also got to look at the emotional rewards and challenges of each alternative. I’ve been a renter and I’ve been an homeowner, and overall I like ownership more.

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.

72 YPNEXTHOME.CA

TCG 04-23-16 master.indd 72

2016-04-15 4:33 PM

COMING SOON TO BRONTE HARBOUR, OAKVILLE

L A K E & E A ST CONDOMINIUM RESIDENCES

L E

BRONTE HARBOUR, OAKVILLE

YOU, THE LAKE, AND A LIFE THATâ&#x20AC;&#x2122;S BOUNDLESSLY MORE REFINED. A new direction in lakeside living, in a heritage village location that sets you free from the urban bustle. To live in a contemporary building, unique in its vision, where glass walls and natural light amplify space, while connecting you to new, bluer, and infinitely sailable horizons. Worth exploring? Most definitely.

Starting From The Mid $300s

LakeAndEast.com

Exclusive Listing Broker: In2ition

073-Symmetry-Lake&House 03-26-16.indd 73

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

2016-04-15 10:53 AM

Earn your Volunteer Hours By learning CPR & AED online…FOR FREE!

FREE APP

to track yo ur volunte er hours

Download the FREE APP to easily track your progress Through the new Mikey Young At Heart Program, you can earn volunteer hours by participating in a series of short videos and quizzes that will provide the knowledge you need to feel comfortable performing CPR or using an AED.

IT’S FUN & EASY TO DO! DOWNLOAD THE MIKEY YOUNG AT HEART APP

74 YPNEXTHOME.CA

HEAT-MIK-A-AD-CONDOGUIDE-FEB5-1.indd 1 074-Heathwood-Mikey 02-13-16.indd 74

mikeyyoungatheart.com 2/5/16 10:30 AM 2016-04-15 3:59 PM

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 75

075-Devron-Vanguard 03-26-16.indd 75

2016-04-15 10:53 AM

Trending

Choose master planned for maximum benefit By Rafael Lazer

NEW-CONDOMINIUM shoppers have a lot of choice available across the Greater Toronto Area. When considering the vast number of condos out there, they may want to consider residences in masterplanned communities. Living in a neighbourhood that has been specifically and intentionally planned from the beginning brings with it many advantages that could enhance purchasers’ quality of life and their future return on investment. For starters, think about visibility. In a master-planned community that includes several residences, the buildings are designed to speak to each other architecturally. They all fit in with the same architectural vision, which offers a feeling of harmony and a sense of place. These neighbourhoods may also include public art that contributes to the cohesiveness. In the Emerald City community in North York, for example, the colours at building entry points match the primary hues on the massive Douglas Coupland cones and cylinders. Master planning also includes a mixed-use component that offers incredible convenience for residents. There’s a lot to be said for buying in a community where services and amenities are within walking distance. Emerald City is close to Fairview Mall, major highways, public transportation, schools, parks, a hospital and more. Proximity to all of these provides added value. So does the fact that Emerald City itself features the Parkway Forest Community Centre, where people and families of all ages can access a variety of amenities including a

MORE TRENDING ONLINE ypnexthome.ca/news

daycare facility, fitness centre and soon, an outdoor pool. The value of the real estate where Emerald City is located has vastly increased. This value benefits our purchasers and existing residents in surrounding neighbourhoods. By planning extensively, developers can make sure access roads, traffic lights, passages and the like are in place so the entire circuit board of the neighbourhood feeds what is expected. This may not be achievable with a standalone building dropped into existing surroundings. Another aspect of master planning that instills confidence in buyers is the fact that the community typically involves building thousands of suites, meaning the developers are in it for the long run. This unspoken agreement that the community will, in fact, be built establishes stability.

Of course, developers cannot achieve all of this alone. We work with city councillors to ensure that our master-planned communities comply with municipal regulations and add to their surroundings. Emerald City occupies one of the largest blocks of land in North York, so it has to fit in well with the entire area. Everything was looked at carefully from all angles in order to create a whole that is greater than the sum of its parts. In fact, that’s a good way to sum up what a master-planned community is all about. Each one is unique. As Elad contemplates similar neighbourhoods to Emerald City in other areas in Canada, we continue to look for ways to streamline residents’ lifestyles through meaningful amenities. Developers of master-planned communities and the municipalities where they create them have everyone’s interests at heart.

Rafael Lazer is chief executive officer at Elad Canada, a Toronto-based company with offices in Montreal. Elad is known for its visionary approach behind the award-winning Emerald City, the Cité Nature condominium development next to the Olympic Village pyramids and the redevelopment of the historic Nordelec building in Montreal.

76 YPNEXTHOME.CA

TCG 04-23-16 master.indd 76 076 TR Lazer - masterplanned community_MC-JM.indd 2

2016-04-15 4:33 PM 4/15/16 12:27 PM

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 77

077-Laurier-UpperBeach 04-23-16.indd 77

2016-04-15 3:59 PM

Trending

Global Kingdom Ministries celebrates 60th anniversary with Trinity Ravine Towers IN 1956, REV. ROY E. UPTON had a vision to bring the message of faith to as many people as possible. He met with his followers in a bowling alley on Kennedy Road in Scarborough (Scarboro Gospel Temple) and began drive-in Sunday services amplified to about 100 cars in a Dominion parking lot. Today, his legacy is known as Global Kingdom Ministries. Situated on 11 acres at 1250 Markham Rd. in Scarborough, the organization has 12 pastors on staff and attracts nearly 1,900 attendees every week for Sunday services. Festivities to celebrate Global Kingdom Ministries’ 60th anniversary will take place throughout the month of May, culminating in a banquet at the Brighton Convention Centre. Among the highlights of this milestone year is the launch of Trinity Ravine Towers, a 55-plus faith-based lifestyle community available through a market value life lease. “We’re very excited about the concept behind Trinity Ravine Towers condominiums,” says Kern Kalideen, executive pastor of administration and finance. “This residence is the epitome of immersion in faith-based living.” The condos will consist of two highrise towers, connected by a fourstorey amenity podium. The amenities will include wellness and fitness facilities, entertainment venues, a computer lab and a dining room. According to Pastor Kern, owners will pay a monthly occupancy fee that will cover maintenance, administration and a reserve fund overseen by the board of Global Kingdom Ministries. There is even more to celebrate when it comes to Global Kingdom Ministries living out Rev. Upton’s dream.

MORE TRENDING ONLINE ypnexthome.ca/news

“The physical attendance at our Sunday services is only part of our ministry,” says Pastor Kern. “Our live stream has reached people in 32 countries in five continents. We consider ourselves a home base that mobilizes believers everywhere and helps them achieve their God-given destiny. And interest in Trinity Ravine Towers has been very encouraging since we are hearing from people who want to actually live out their years within our home-base community.” This charitable organization branches into smaller groups to meet the needs of diverse members. In addition to the 15 pastors, and 18 administration and custodian employees on staff, Global Kingdom Ministries relies on approximately 700 volunteers to make it all happen... and what happens covers every stage of life from babies to seniors. Global Kingdom Ministries touches on the greater definition of community in countless ways, taking part in weddings and baptisms, working with local partners like 5n2 Foods who helped them serve over 30,000 meals in 2015, offering workshops, counselling, retreats and more. Every Sunday in May, Global Kingdom Ministries will celebrate a different element of its legacy, ending with the banquet on May 28, when the internationally-renowned vocal group Cana’s Voice, will entertain. For more information on the 60th anniversary celebrations, visit GKM60.com; for more information on Trinity Ravine Towers, visit trinityravine.ca; and to learn about Global Kingdom Ministries, visit globalkingdom.ca.

78 YPNEXTHOME.CA

TCG 04-23-16 master.indd 78 078 TR Global Kingdom Ministries_MC_JM-SB.indd 2

2016-04-15 4:33 PM 4/15/16 12:27 PM

C OM ING S O ON TO 1250 M ARKHA M ROAD

! e f i L r u o Y e z i S t Righ Suites f

rom

0 0 9 , 9 $19 Deposit in 10% 1st year!

• No land transfer tax • No development charges

• 10% Lower property tax • 55 Plus Community • Ravine setting • Superior location • Extensive amenities

At Trinity Ravine Towers, get the RIGHT suite to fit your life. A spacious suite with quality standard features that are tailor-made for you. The exceptional amenities and location will make everything accessible RIGHT at your doorstep.

This is living at it finest .

647-876-5433

Exclusive Listing Brokerage: Baker Real Estate Incorporated. Brokers Protected. Prices and specifications subject to change without notice. Rendering is artist’s concept. E. & O. E.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 79

079-Baker-Trinity 04-23-16.indd 79

2016-04-15 10:53 AM

SP_101 Locke & Load_NHC_April12_PRINT.pdf

2016-04-12

9:48 AM

80窶ズPNEXTHOME.CA

080-Spallacci-101Locke 04-23-16.indd 80

2016-04-15 10:53 AM

SP_RC_NHC_Homes_April12_PRINT.pdf SP_RC_NHC_Homes_April12_PRINT.pdf SP_RC_NHC_Homes_April12_PRINT.pdf

081-Spallacci-Royal 04-23-16.indd 81

1 1 1

2016-04-12 2016-04-12 2016-04-12

9:49 AM 9:49 AM 9:49 AM

2016-04-15 10:53 AM

Trending

Where to invest: Rental prices mapped to Toronto’s subway stations

“Toronto Rent Map (CNW Group/Sky View Suites)”

LOCAL MEDIA HAS dedicated significant

attention to the state of the residential real estate market in Toronto over the last several years, especially in regards to the condo boom. Some experts in the real estate community believe that the Toronto market is experiencing a bubble which has been growing for the last 10 years. As a result, many potential investors have been waiting on the sidelines for years in hope of a market correction. Some have been waiting so long that prices have increased to the point where even a modest correction would still leave them with less “condo purchasing power” than they had when they first became interested in the market.

Others believe that the increase in property values over the last 10 years is just the beginning of a long-term trend caused by increased globalization, and that Toronto real estate is lining up with other worldclass cities across the globe. Cities like New York, London, Tokyo and Hong Kong are often cited as examples that make Toronto prices seem like a bargain. Another argument suggests that large institutional investors are starting to use Toronto real estate as a complement to stocks and bonds which is further driving up real estate prices. While there is plenty of information

available about the buyers and sellers of condos in Toronto, it doesn’t paint a full picture of whether real estate is attractive as an investment option for the layman. The missing piece is the rental market, which generates the majority of the returns for a real estate investment. What does it cost to rent a one- or two-bedroom condo in Toronto? How do these rents compare in different areas of the city? To help answer these questions, we have mapped the rental prices for properties near each subway stop in Toronto.* The ranges shown in the infographic represent monthly rents.** …continued on page 82

82 YPNEXTHOME.CA

TCG 04-23-16 master.indd 82

2016-04-15 4:33 PM

2016-04-13

12:03 PM

ON TO NIAGAR

L …

…C

151372_UV_NewCondoGuide_FL.pdf

Actual South West View CM

CMY

THE ULTIMATE VACATION ESCAPE Featuring the beauty of nature, and the excitement of all that the Niagara region offers. Evertrust Development Group introduces Upper Vista, the first luxury condominium resort in Niagara Falls, located inside the prestigious Thundering Waters Golf Club and surrounded by the pristine green views of Niagara Region’s #1 golf course.

Minutes walk to the Falls & Casino. VACATION HOMES FROM THE $200’s PENTHOUSE COLLECTION FROM THE $500’s

UpperVistaCondos.com 1-866-418-8936

DEVELOPMENT GROUP CANADA INC.

All prices, specifications and information are subject to change without notice. E.&O.E.

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 83

083-Evertrust-UpperVista 04-23-16.indd 83

2016-04-15 10:53 AM

…continued from page 84

The infographic confirms a lot of things we already know: » As you move away from the downtown core, rental prices start to come down. » The most expensive areas to rent are near Bay, Bloor-Yonge, Rosedale and Summer Hill stations, where a lot of wealthy Torontonians call home. » Surprisingly, the rental prices around Union Station are lower than other stations in the area (for example, St. Andrew, St. Patrick and King). For a potential investor looking at this information, the obvious question is, “With the increase in condo prices, is buying an investment condo worth it based on current rent prices?” To answer this question, we took a sample listing from a new onebedroom condo near Union Station and computed the annual rate of return on investment (ROI): » Purchase price: $370,000 » Down payment and closing costs (20 per cent down, land transfer taxes, lawyer fees): $83,125 » Mortgage rate: 2.5 per cent per annum » Mortgage term: 25 years » Average monthly rent: $1,600 In this example, the ROI on the $83,125 paid to close the sale is approximately 9.1 per cent per year over a 10-year period***. By comparison, below is a list of investment vehicles and their average annual ROIs available to regular individual investors: » GICs/government bonds (riskfree): Returning roughly one to two per cent per year (depending on term). » AA & AAA rate corporate bonds (low risk): Returning three to four per cent per year. » Stock market/TSX: Return has been extremely volatile since 2002. An individual buying into the market in 2007 would have

MORE TRENDING ONLINE ypnexthome.ca/news

seen their investment shrink if that money were still invested in the market today. No one can say for sure how real estate prices will behave in the short term, but for the long-term investor, it’s clear that investment condos in Toronto are still an attractive option. “SkyView Suites offers companies and individuals furnished apartments, corporate housing, serviced apartments and extended-stay housing in Toronto. Our customized solutions suit the needs of travellers for business, vacation, immigration, or relocation. We also offer investors a unique hassle-free opportunity to benefit from the Toronto furnished rental market through our rental program where we rent newly purchased suites for a three- to fiveyear period (meaning there is no need to worry about finding a tenant after your purchase).” Footnotes * Rent data was collected over the course of a year from multiple online/oﬄine sources for both oneand two-bedroom condos/units in

the vicinity of each subway station. Because of the lack of condominium data near some stations, simplifying assumptions were used to collect rent information. Subway stops highlighted in purple (dense condominium locations), exclusively represent rent data on relatively newer highrise condominium developments. Subway stops highlighted in orange, due to the lack of highrise condominiums in the area, represent rent data from all types of dwellings including homes, apartments and condominiums. ** Actual rent data collected were asking prices. It was assumed that the asking price was a good estimate for the final settled price due to the eﬃciency of the rental market in Toronto. *** Assumptions 1. Condo prices continue to grow at two per cent per year on average. 2. Rental prices increase at one per cent per year. 3. Condo-related costs increase at two per cent per year. 4. The property is sold after 10 years.

84 YPNEXTHOME.CA

TCG 04-23-16 master.indd 84

2016-04-15 4:33 PM

COMING SOON

INFORMED BY THE PAST. INSPIRED BY THE FUTURE. LIVE IN A LEGEND. At The Hotel McGibbon, experience small town charm with all the necessities for modern life. Artful and grand, you’ll find impeccably crafted, thoughtful spaces designed for entertaining and relaxation with ample light and lush greenery, all set on a classic main street. Embrace community with plenty of room to meet neighbours, and welcome family and friends. You’ll be part of something big. There’s only one Main and Mill. RESIDENCES STARTING FROM THE MID

$300s

EXCLUSIVE LISTING AGENT: MILBORNE REAL ESTATE INC. Prices and specifications subject to change without notice. E.&O.E. Rendering is artist’s concept. 85

085-Silvercreek-McGibbon 04-23-16.indd 85

2016-04-15 10:53 AM

Advice | STYLE FILE 1 3

Mother’s Day Gifts for the home

FOR EVERYTHING MOTHERS DO, Mother’s Day is

a perfect time to say thanks. But coming up with a way to show your thanks can be a challenge. You probably want to get mom something special that she’ll treasure, something to pamper her, or something useful. Here are some gift suggestions I know my mom, and many mothers I know, would love to receive.

1. Service for four — or more! Does your mom love to have gatherings over meals? Or enjoy entertaining outside? The PC home goods and dishware from Real Canadian Superstore for the spring are stunning! From

bold colours and prints to neutral tinted clears, they have a look and feel that’s sure to put a smile on mom’s face every time she entertains…and every time she thinks about who supplied these great pieces. And at these prices, you can treat mom to multiple pieces! They are available at Real Canadian Superstores nationwide and select Loblaws.

2. One of a kind Your mom is one of a kind, so why not delight her with a one-of-a-kind item from Artemano? From serving bowls to hanging lights, from nesting tables to tea cups, they provide nature inspired furniture and accessories that come from the Far East. Visit artemano.ca.

86 YPNEXTHOME.CA

TCG 04-23-16 master.indd 86 086-087 jo alcorn - MIX mother's day - new_JM.indd 2

2016-04-15 4:33 PM 4/15/16 12:27 PM

086-08

12:27 PM

ONLINE

Canada’s top up-and-coming neighbourhoods

MORE ADVICE ONLINE ypnexthome.ca/news/advice

3. Art with heart

While every city in Canada holds dear its most popular neighbourhoods, there is always room for great places to live, and better yet, to be the first to discover them. Toronto’s West Queen West wasn’t always hip, Vancouver’s West End didn’t always win awards and Calgary’s Beltine couldn’t always have been one of the best. Here’s our list of up-and-coming neighbourhoods to look out for in 2016!

There is nothing like a creating art from a special photo to make mom happy on her special day. Posterjack is my go-to for turning my photos into art. They offer acrylic prints and blocks that are sure to wow! You can use your own personal pictures or choose from a huge gallery of stock photography. Check out posterjack.ca.

4. Kitchen confidential If your mom is anything like mine, she is probably hanging onto old serving dishes and trays. This year surprise her with something new that’s functional and also brightens up her table. I love the KitchenAid nesting ceramic four-piece set in almond cream.

5. Home oasis When you’re not sure what to get mom, and just need to have inspiration hit, take a trip to Bouclair. They have so many cute and inspiring pieces to choose from. This year my favourite might just be their new mugs just in time for Mother’s Day. Find them at bouclair.com.

6. Perfect pillows I may be a bit biased here, but I think adding a pop of colour in the form of a pillow is a great way to spice up any decor. My line of throw pillows is fully washable, including the cover and the filling; toss the pillow in the washing machine and it comes out looking like new. Every pillow has hypoallergenic down-like feather filling, is reversible, cruelty-free, and recyclable. The Jo Alcorn Collection is available at shop.ca.

7. Wicker wonders Gone is the wicker of the 70s! Take a stroll through wicker emporium and you’ll instantly know what I mean. While you can still find a classic wicker chair, today’s wicker emporium is completely different. Stores offer gorgeous solid wood furniture and lovely home decor accessories. From vases and baskets to candles and linens this store promises to delight. Visit wickeremporium.ca. Jo Alcorn is a design specialist and designer on HGTV’s Home to Win, premiering April 24, 2016. She has her own furniture collection, signature pillow and dog bed line and is known for her savvy design concepts. Visit Jo at whitewashco.ca.

1. River District, Vancouver Set to be similar to Yaletown, River District will be a large neighbourhood on the banks of the Fraser River. With the help of locals and experts in design, architecture and environmental sustainability, Wesgroup is creating a neighbourhood from the ground up. It will be a peopleoriented, vibrant neighbourhood with many amenities, as well as a waterfront pathway with wildlife, jogging and biking. Even cooler, River District will have an old-fashioned town centre with shops, restaurants and a variety of services.

2. Seton, Calgary Seton, home to Calgary’s new South Health Campus, will be the city’s newest urban district... See Jackie Marchildon and Sonia Bell’s full list of up-and-coming neighbourhoods online. Read the full story…

nexthome.yp.ca/up-and-coming

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 87

TCG 04-23-16 master.indd 87 086-087 jo alcorn - MIX mother's day - new_JM.indd 3

2016-04-15 4:33 PM 4/15/16 12:27 PM

Hot Properties

905

Find your next home! This page features a few of the latest properties to keep your eye on in the Toronto905 area. Find more properties at ypnexthome.ca

LATEST LISTINGS

COSMOS CONDOMINIUMS

GRAND PALACE CONDOMINIUMS By: G Group Development City: Richmond Hill Luxury condos starting from the $250s. Register now for the final tower. www.grandpalace.ca

new releases and grand openings THE RESIDENCES OF CREEKSHORE COMMON By: Mattamy Homes City: Oakville Modern, boutique condominium and townhome living is now available at Oakville’s most alluring address. www.mattamyhomes.com

RAIN & SENSES By: Empire Communities City: Oakville A resort-style condo starting from the mid-$300s. Tour the newly completed, fully furnished model suites. www.empirecommunities.com

previews and registration COSMOS CONDOMINIUMS By: Liberty Development City: Vaughan Live steps from the new Vaughan Metropolitan Centre subway station, Highways 400 and 407, and all the great amenities in Vaughan. Register now. www.cosmoscondos.ca

VARLEY CONDOMINIUM RESIDENCES By: Tribute Communities City: Markham Discover luxury condominium living just steps away from Unionville Main Street. Register now. www.tributecommunities.com

ARC CONDOMINIUMS By: Daniels Corporation City: Mississauga Arc Condominiums is the newest addition to Daniels Erin Mills — a master-planned, mixeduse community. Register now. www.danielsarc.com

INDIGO By: Pemberton Group City: Maple Welcome home to spacious condominium living in Maple. Prices start from the low $400s. www.pembertongroup.com

PACE ON MAIN By: Geranium Homes City: Stouffville Register now for a new condominium that delivers a fresh new living experience in downtown Stouffville. www.paceonmain.com

LAKE & EAST CONDOMINIUM RESIDENCES By: Symmetry Developments City: Oakville Coming soon to Bronte Harbour. Register now for condos starting from the mid-$300s. www.lakeandeast.com

Builders If you would like to include your preview registration, new release or site opening in this feature, just email the details to Elisa.Krovblit@ypnexthome.ca

88 YPNEXTHOME.CA

TCG 04-23-16 master.indd 88

2016-04-15 4:33 PM

Hot Properties

416

Find your next home! This page features a few of the latest properties to keep your eye on in the Toronto416 area. Find more properties at ypnexthome.ca

LATEST LISTINGS

WHITEHAUS HEARTWOOD THE BEACH

By: Lifetime Developments and Knightstone Capital Management City: Toronto Live steps to the subway, restaurants and all the excitement and energy of Yonge and Eglinton. Register now. www.whitehaus.ca

LIBERTY CENTRAL BY THE LAKE 2 By: CanAlfa Group City: Toronto Register now for an opportunity to live in Liberty Village, one of Toronto’s hottest neighbourhoods. www.liveinliberty.com

new releases and grand openings SWEETLIFE CONDOS By: Your Home Developments City: Toronto Live the sweet life at Kingston Road and Morningside Avenue. Model suite now open. www.sweetlifecondos.ca

FORM

previews and registration THE VILLAGE RESIDENCES

By: Tridel City: Toronto Located at Queen and McCaul, Form embodies the bold, artistic energy of its surroundings. Register now. www.tridel.com

By: Liberty Development City: Toronto Register now for a boutique condominium in an unparalleled location where Bayview meets Sheppard and prestige meets luxury. www.villageresidences.ca

By: Lindvest City: Toronto Register now for a new condominium located at Eglinton Avenue and Don Mills Road. www.lindvest.com/sonic

HEARTWOOD THE BEACH

609 AVENUE ROAD

By: Fieldgate Urban City: Toronto Register now for the first six-storey condominium in Toronto to be built with wood. www.heartwoodthebeach.com

By: State Building Group and Madison Homes City: Toronto Live amongst the city’s most prestigious neighbourhoods — Forest Hill and Deer Park. Register now. www.609avenue.com

SONIC CONDOMINIUMS

THE PJ CONDOS By: Pinnacle International City: Toronto Live downtown at Pearl and John streets in the heart of the entertainment district. www.pjcondos.ca

SOUTHSIDE RESIDENCES AT GRAMERCY PARK By: Malibu Investments Inc. City: Toronto Fabulous amenities, suites from the $190s and close to the Wilson subway, Yorkdale Mall and York University. www.southsidecondos.ca

Builders If you would like to include your preview registration, new release or site opening in this feature, just email the details to Elisa.Krovblit@ypnexthome.ca

APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 89

TCG 04-23-16 master.indd 89

2016-04-15 4:33 PM

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

21 22 23 24 25 26

A B C D

East York

E F G H I

York

Toronto

L M N O

torontoregionalmaps: Toronto, East York, York

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

# Builder Site Telephone TH* C* Price Range Page Finder 2 GREAT GULF Yonge+Richmond 416-499-8883 • from $470,000 45 16K Eighty One Wellesley eightyonewellesley.ca • Insert 16J 3 ARAGON PROPERTIES 8 ROCKPORT GROUP George Condos+Towns 416-223-0003 • from $300,000 69 22L 875 Queen East 416-694-8750 • from $300,000 63 19L 9 HARHAY DEVELOPMENTS 11 MENKES DEVELOPMENTS INC. Pears on the Avenue 416-323-0100 • from $400,000 Insert 14I 365 Church 416-591-7700 • from $463,000 Insert 14I 11 MENKES DEVELOPMENTS INC. 18 URBAN CAPITAL RC3 416-862-0505 • • from $220,000 35 18L Riva del Lago 647-347-5930 • from $300,000 Insert 24C 18 MATTAMY HOMES 20 MENKES DEVELOPMENTS INC. Fabrik 416-591-7700 • from $390,000 Insert 14M No1 Yorkville 416-519-2911 • from $460,000 3 15I 26 BAZIS INC. Eau Du Soleil Waterfront Condominiums 416-503-3328 • from $350,000 6-7 25B 28 EMPIRE COMMUNITIES 35 MENKES DEVELOPMENTS INC. 87 Peter 416-591-7700 • from $741,000 Insert 15M 35 MENKES DEVELOPMENTS INC. The Eglinton Yonge at Heart 416-591-7700 • from $250,000 Insert 15D 47 PINNACLE INTERNATIONAL The PJ 416-596-1600 • from $300,000 5 15L CASA II 416-486-2272 • from $1100,000 IBC 15L 52 CRESFORD DEVELOPMENT CORP. 58 GREAT GULF Monde 416-466-8885 • from $340,000 45 17M East Fiftyfive 416-861-9559 • from $290,000 57 17L 68 LAMB DEVELOPMENT CORP. 68 HYDE PARK East Fiftyfive 416-861-9559 • from $290,000 57 17L 609 Avenue Road 609avenue.com • from $390,000 61 14G 70 STATE BUILDING GROUP 609 Avenue Road 609avenue.com • from $390,000 61 14G 70 MADISON HOMES 75 CANALFA GROUP Liberty Central by the Lake Two 416-537-0047 • • from $320,000 71 12N J Davis House 647-343-3270 • • from $320,000 BC 15F 80 MATTAMY HOMES 85 HARHAY DEVELOPMENTS One Eleven Condominiums & Lofts 647-351-4111 • from $418,000 65 13M One Bloor Residences 416-922-0081 • from $580,000 45 15I 99 GREAT GULF 149 CAMROST - FELCORP The Foxbar Collection at Blue Diamond thefoxbar.ca • from $850,000 1 15I Studio on Richmond 647-352-7736 • from $300,000 23 15M 150 ASPEN RIDGE HOMES 199 BRAD J. LAMB REALTY James 416-214-9900 from $308,000 59 14O TEN93 Queen West 416-546-6355 • from $280,000 8 12F 217 PEMBERTON GROUP TEN93 Queen West 905-326-4100 • from $280,000 8 12F 217 BAYWOOD HOMES 217 PEMBERTON GROUP TEN93 Queen West 416-546-6355 • from $280,000 8 12F The Davies 416-873-0862 • from $820,000 14I 1 BRANDY LANE HOMES 4 GAIRLOCH INVESTMENTS 383 Sorauren 383sorauren.com from $265,000 9M 4 CENTRESTONE URBAN DEVELOPMENTS INC. 383 Sorauren 416-588-0383 from $265,000 9L 6 CRESFORD DEVELOPMENT CORP. Merton Yonge Condominiums 416-484-1900 • from $400,000 14E 7 THE DANIELS CORPORATION High Park Condominiums 416-351-1844 • from $285,000 8L 11 TRIDEL CORPORATION Sherwood at Huntington 416-485-1900 • from $1000,000 18G 12 NORTH DRIVE INVESTMENT The High Park 416-670-3699 • from $400,000 8L 12 NORTH DRIVE INVESTMENT Picnic 416-670-3699 • from $475,000 8L 15 TRIDEL CORPORATION 101 Erskine 416-480-0700 • from $386,000 14D 16 FREED 155 REDPATH 416-996-5428 • from $226,000 14D 16 FREED 150 REDPATH redpathcondos.com • from $200,000 14D 16 CAPITAL DEVELOPMENTS 150 REDPATH redpathcondos.com • from $200,000 14D 17 ROCKPORT GROUP The Nest 416-223-0003 • from $350,000 11H 18 MATTAMY HOMES Riva del Lago 647-347-5930 • from $363,000 24C 19 STREETCAR DEVELOPMENT The Southwood 416-750-7506 • from $300,000 23H 20 LIFETIME DEVELOPMENTS Whitehaus Condominiums whitehaus.ca • from $300,000 14M 21 GREENLAND GROUP King Blue Condos 416-599-1355 • from $336,000 12N 22 MATTAMY HOMES Picasso on Richmond 416-495-3549 • from $541,000 14M 22 TRIDEL CORPORATION Ten York 416-596-9888 • from $1020,000 12F 22 MATTAMY HOMES Picasso on Richmond 416-495-3549 • from $336,000 14M 23 TRIBUTE COMMUNITIES The College 416-363-4800 • from $390,000 M14 25 TRIDEL CORPORATION SQ2 416-661-1949 • from $357,000 15D 26 BAZIS INC. One Yorkville 416-519-2911 • from $408,000 15I 29 PINNACLE INTERNATIONAL Success Tower at Pinnacle Centre 416-360-0673 • from $880,000 17M 30 BUENA VISTA DEVELOPMENTS Bespoke Towns 419-239-8181 • from $550,000 22J *TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. Attention Builders - Want to add your community to our maps? C: Condo Need to update existing information? Please fax the details to (416) 789-9554 Please refer to page number for complete information.

090-Condo_Maps&List.indd 1

2016-04-16 5:57 PM

Builder

Site

Telephone

TH* C* Price Range

Page

Finder

Totem Condominium 416-792-1877 • from $492,000 15H The Madison 416-482-8090 • from $480,000 14E 88 Queen 88queen.com • from $250,000 16L Fuse Condos 416-534-4444 from $280,000 9K Pace 416-928-2223 • from $310,000 16L Dundas Square Gardens 416-645-8575 • from $224,000 17K Grid Condos 416-477-4743 • from $250,000 17K Garrison Point garrisonpoint.ca • from $250,000 13N The Barrington Condominiums Flats 416-410-4444 • from $345,000 12H Howard Park 2 416-873-0989 • from $349,000 9L The Upper House Condos in Leaside 416-425-1800 from $350,000 18D Alter 416-645-4599 • from $700,000 16J Yorkville Park mintoyorkvillepark.com • • from $420,000 14J Zigg St.Clair West 416-545-0223 • • from $390,000 14J Zigg St.Clair West 416-545-0223 • • from $390,000 14J Yorkville Private Estates 416-484-4371 • • from $2500,000 14J Teahouse 416-861-1111 • from $241,000 16K Stanley 416-546-1502 • from $290,000 16K VOX 416-485-3000 • 15J Aqualina at Bayside 416-514-2710 • from $336,000 18N Aquavista at Bayside Toronto 416-514-2710 • from $814,000 18N CASA 2 416-486-2272 • from $390,000 15L CASA III 416-486-2272 • from $660,000 15L 11 Wellesley 416-861-1111 • from $435,000 15J Riverside Square 416-466-4466 • from $200,000 19L Liberty Central by the Lake - Phase One 416-537-0047 • from $370,000 11F The Selby theselbycondos.com • 16J The Rosedale on Bloor 416-928-9997 • from $220,000 16I The Brant Park 416-368-5262 • from $283,000 14M Enigma on the Park 416-516-1551 • from $236,000 9L Citylights on Broadway 416-546-6605 • from $200,000 14D 2221 Yonge 647-350-2221 • from $320,000 14D On The Danforth onthedanforthcondo.com • from $250,000 23G Schoolhouse 416-979-1333 • from $900,000 13I Art Shoppe Condos artshoppecondos.com • from $200,000 14D J Davis House jdavishouse.com • • from $320,000 15F One Eleven Condominiums & Lofts 647-351-4111 • from $418,000 13M Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 14J The Clover on Yonge 416-485-3000 • from $220,000 14J Ivory On Adelaide 647-341-1731 • from $510,000 17L 158 Front Condominiums 158front.com • from $290,000 17L Exhibit 416-967-7778 • from $560,000 14I Exhibit 416-967-7778 • 14I Exhibit 416-967-7778 • 14I The Urban Townhome Collection 647-344-2573 • from $2200,000 15K The Pinnacle on Adelaide 416-596-1600 • from $367,000 15M Bisha Hotel & Residences 416-637-2211 • from $300,000 16M 88 Scott 416-216-8588 • from $500,000 17M Riverhouse at the Old Mill 416-766-7343 • from $500,000 5L Two Old Mill 416-645-7022 • from $1762,000 5L RCM I on University 647-351-9247 • from $515,000 14M The Berwick 416-922-9425 from $536,000 14E The Mercer 416-597-6940 • from $440,000 15M Imperial Plaza 647-346-3799 • from $386,000 15I Blue Diamond at Imperial Plaza 416-925-2501 • from $350,000 15I Cumberland Tower - Yorkville Plaza II 416-966-3003 • from $350,000 15I Tableau Condominiums 416-591-8887 • • from $450,000 15L Tableau Condominiums 416-591-8887 • • from $350,000 15L Tableau Condominiums 416-591-8887 • • from $350,000 15L The Bond Condominiums 416-546-7525 • • from $409,000 15G L Tower 416-777-2533 • from $490,000 17L Perspective Condos 416-242-3500 from $300,000 4H Neon 416-987-7878 • from $400,000 14D 1000 Bay 416-485-3000 • from $390,000 15J 90 Niagara 416-981-0036 from $410,000 14O SIXTY Colborne 416-601-0060 • from $496,000 16L SIXTY Colborne 416-598-7775 • from $300,000 16L Upper Beach Townes 416-693-7500 • from $551,000 24G The Massey Tower 416-966-0197 • • from $332,000 16L Canary District Condominiums 416-603-7576 • from $335,000 18L Canary Park Condominiums 416-603-7576 • from $242,000 18L Smart House 416-292-0219 • from $442,000 15L Smart House 416-292-0219 • from $472,000 15L Duke Condos junctionlife.ca from $290,000 8K King Charlotte 416-368-5262 • from $435,000 15M Theatre Park 416-368-5262 • from $707,000 16M The Harlowe 416-363-1771 • from $300,000 15M Form tridel.com 15L

torontoregionalmaps: Toronto, East York, York

31 WORSLEY URBAN PARTNERS 32 MADISON HOMES 34 ST. THOMAS DEVELOPMENTS 36 NEUDORFER CORPORATION 38 GREAT GULF 38 EASTON’S GROUP 38 CENTRE COURT DEVELOPMENT 40 FERNBROOK HOMES/CITYZEN DEV. 41 LASH GROUP OF COMPANIES 42 TRIUMPH DEVELOPMENTS 43 K-CAP LAIRD INC. 44 TRIDEL CORPORATION 48 MINTO COMMUNITIES INC. 48 MADISON HOMES 48 FIELDGATE HOMES 48 CAMROST - FELCORP 49 LANTERRA DEVELOPMENTS 49 TRIBUTE COMMUNITIES 50 CRESFORD DEVELOPMENT CORP. 51 TRIDEL CORPORATION 51 TRIDEL CORPORATION 52 CRESFORD DEVELOPMENT CORP. 52 CRESFORD DEVELOPMENT CORP. 53 LANTERRA DEVELOPMENTS 56 STREETCAR DEVELOPMENT 60 CANALFA GROUP 63 FERNBROOK HOMES/CITYZEN DEV. 63 THE GUPTA GROUP 64 LAMB DEVELOPMENT CORP. 65 ARAGON PROPERTIES 67 PEMBERTON GROUP 71 TOWER HILL DEVELOPMENT CORPORATION 73 DIAM DEVELOPMENTS 78 EMPIRE COMMUNITIES 79 FREED 80 BIDDINGTON HOMES 85 CARTTERA 104 ASPEN RIDGE HOMES 104 CRESFORD DEVELOPMENT CORP. 114 PLAZA 114 FERNBROOK HOMES/CITYZEN DEV. 117 BAZIS INC. 117 METROPIA 117 PLAZA 118 PEMBERTON GROUP 124 PINNACLE INTERNATIONAL 128 LIFETIME DEVELOPMENTS 129 CONCERT PROPERTIES 131 LANTERRA DEVELOPMENTS 131 TRIDEL CORPORATION 133 TRIBUTE COMMUNITIES 142 ANDRIN HOMES 148 GRAYWOOD/BEAVERHALL DEVELOPMENT 149 CAMROST - FELCORP 149 CAMROST - FELCORP 149 CAMROST - FELCORP 153 URBAN CAPITAL 153 MALIBU INVESTMENTS INC. 153 ALIT DEVELOPMENTS 155 LIFETIME DEVELOPMENTS 157 CASTLEPOINT/CITYZEN/FERNBROOK 162 PIANOSI DEVELOPMENTS 185 PEMBERTON GROUP 190 CRESFORD DEVELOPMENT CORP. 199 FIELDGATE HOMES 200 FREED 200 CARTTERA 201 SOLOTEX 206 MOD DEVELOPMENTS INC. 215 DUNDEE KILMER DEVELOPMENTS 215 DUNDEE KILMER DEVELOPMENTS 218 MALIBU INVESTMENTS INC. 218 URBAN CAPITAL 219 TAS DESIGNBUILD 220 LAMB DEVELOPMENT CORP. 221 LAMB DEVELOPMENT CORP. 222 LAMB DEVELOPMENT CORP. 223 TRIDEL CORPORATION

*TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. Attention Builders - Want to add your community to our maps? C: Condo Need to update existing information? Please fax the details to (416) 789-9554 Please refer to page number for complete information.

090-Condo_Maps&List.indd 2

2016-04-16 5:57 PM

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

21 22 23 24 25 26

121

Steeles Ave

North York C

9 34

124

400

401

15 17

22 13

123

401

122

130

125

132

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

torontoregionalmaps: North York

Builder

Site

Telephone TH* C* Price Range

Page

Finder

13 LIBERTY DEVELOPMENT CORP. The Village Residences 647-622-8408 • from $350,000 29 20D 20 MALIBU INVESTMENTS INC. Southside Residences at Gramercy Park southsidecondos.ca • from $190,000 49 13E 33 FIRST AVENUE PROPERTIES The Bennett on Bayview thebennettcondos.com • from $250,000 67 17B 33 LATCH DEVELOPMENTS The Bennett on Bayview thebennettcondos.com • from $250,000 67 17B 34 G GROUP DEVELOPMENT CORP Ellie elliecondos.com • from $250,000 37 17C 95 ASPEN RIDGE HOMES Scenic on Eglinton 416-805-1781 • from $300,000 23 23G 95 LINDVEST Sonic lindvest.com/sonic • from $210,000 51 23G 96 ELAD CANADA Fifth on the Park 416-492-0001 • from $420,000 43 24C 121 LIBERTY DEVELOPMENT CORP. World on Yonge 905-771-7010 • from $281,000 31 18A 1 CONCORD ADEX Opus 416-813-2999 • • 22C 3 YYZED PROJECT MANAGEMENT VISTO vistocondos.ca from $267,000 8E 3 TIFFANY PARK HOMES Westhaven 416-792-6655 • from $633,000 23G 4 TRIDEL CORPORATION Aristo at Avonshire 416-730-0300 • from $391,000 18D 5 LINDVEST The Brownstones at Westown lindvest.com from $250,000 4C 6 CONCORD ADEX Tango2 at Concord Park Place 416-813-2999 • from $265,000 22C 6 CONCORD ADEX Omega On The Park 416-813-2999 • • from $200,000 22C 7 FRAM BUILDING GROUP SOUL mysoulcondos.ca from $250,000 25C 9 SORBARA GROUP Beacon beaconcondos.ca • from $368,000 17C 12 GHODS BUILDERS INC. 5959 Yonge Street 416-222-5959 • from $302,000 18A 13 CASTLE GROUP DEVELOPMENTS Vida at Bayview Village 416-304-1212 from $250,000 20D 15 PHANTOM DEVELOPMENTS Tea Garden Condos teagardencondos.com • from $200,000 19C 16 URBAN CAPITAL The Ravine 416-850-2489 • • from $268,000 25E 16 ALIT DEVELOPMENTS The Ravine 416-850-2489 • • from $250,000 25E 17 CHESTNUT HILL DEVELOPMENT Lotus Condominiums 416-222-8338 • from $306,000 19C 17 HAVEN DEVELOPMENTS SIX 25 BV six25bv.com • from $250,000 19C 18 KUBO DEVELOPMENTS Marquette Urban Towns 416-551-9767 • from $250,000 14E 19 MADISON HOMES Briar Hill madisonhomes.ca • • from $400,000 12F 21 TRIDEL CORPORATION Argento 416-663-1818 • from $370,000 22E 22 TRIDEL CORPORATION Scala 416-730-0300 • from $300,000 22C 28 TRIDEL CORPORATION Alto at Atria 416-645-8866 • from $334,000 25D 34 DIAMANTE DEVELOPMENT CORP. The Diamond Condominiums on Yonge 416-961-8008 • from $268,000 17C 37 NORSTAR GROUP OF COMPANIES Portrait Condominiums 416-282-9600 • from $255,000 13C 50 DEVRON DEVELOPMENTS Flo Condominiums 647-799-0356 • from $322,000 18C 96 ELAD CANADA Dreamtower At Emerald City 416-492-0001 • from $367,000 24C 96 ELAD CANADA The Colours of Emerald City coloursofemeraldcity.com • from $250,000 24C 122 LANTERRA DEVELOPMENTS Treviso Condominiums 416-787-8882 • from $203,000 12F 122 LANTERRA DEVELOPMENTS Treviso II 416-787-8882 • from $263,000 12F 122 LANTERRA DEVELOPMENTS Treviso III 416-787-8882 • from $250,000 12F 123 BRANDY LANE HOMES The Station 416-398-9777 • from $467,000 12D 124 TRIDEL CORPORATION Trio at Atria 416-645-8866 from $271,000 24C 124 TRIDEL CORPORATION Parfait at Atria tridel.com 24C 125 FRAM BUILDING GROUP LIV Lofts 416-445-5638 • from $250,000 22F 130 TRIBUTE COMMUNITIES Canterbury 647-352-2130 • • from $951,000 19F 132 FRAM BUILDING GROUP/CADILLAC FAIRVIEW Flaire Condos 416-445-8868 • from $305,000 22F

*TH: Townhomes, Highlighted listings are advertised in this issue of Condo Guide. C: Condo Please refer to page number for complete information.

090-Condo_Maps&List.indd 3

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to (416) 789-9554

2016-04-16 5:57 PM

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Dixon Rd

d ett R

Etobicoke

409

Scarl

Av e

Westway

Rathburn Rd

21 d ll R Mi

Da nf or th

Islington Ave

Kipling Ave

Martin Grove Rd

34 Bloor St W

Dundas St W

50 8

Queensway

QEW

Gardiner Expressway Evans Ave

Horner Ave

Park Lawn

Royal York Rd

Scarborough

401

Ranforth Dr

427

Centennial

sto

Manse Rd

Galloway Rd

Scarborough Golf Rd

Orton Park Rd

McCowan Rd

St. Clair Ave

e 11 n Av lva Sy

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

Victoria Park

Bellamy Rd

Lawrence Ave E

Markham Rd

orto

Brim

Eglinton Ave E

n Dr

Finch Ave W

East Ave Port Union Rd

27 71

Sheppard Ave E

Morrish Rd

Progress Ave

Brimley Rd

Birchmount Rd

Warden Ave

Pharmacy Rd

Kennedy Rd

Ellesmere Rd

401

55 Midland Ave

401

Milner Ave

bio

Humberline Dr

Beare Rd

Sheppard Ave E 26

Conlins Rd

Ave

Morningside Ave

evin

McL

Passmore Ave

Meadowvale Rd

Huntingwood Dr

Reesor Rd

Finch Ave E

Sewells Rd

Neilson Rd

McNicoll Ave

Tapscott Rd

McCowan Rd

21 22 23 24 25 26

5 56

6 19 24 17 18

Lakeshore Blvd W

# 4 5 13 14 14 18 27 28 55 1 2 3 3 6 8 8 9 10 10 11 14 16 17 18 19 21 22 23 24 26 30 34 39 44 50 50 55 56 61 71

Builder YOUR HOME DEVELOPMENTS VANDYK COMMUNITIES OPEARL DEVELOPMENTS LAURIER HOMES MUTUAL DEVELOPMENTS MATTAMY HOMES GLOBAL KINGDOM MINISTRIES LIBERTY DEVELOPMENT CORP. TRIDEL CORPORATION INSOHO DEVELOPMENTS STANTON RENAISSANCE LAURIER HOMES MUTUAL DEVELOPMENTS CONSERVATORY GROUP TRIDEL CORPORATION TRIDEL CORPORATION WILKINSON DEVELOPMENTS LASH GROUP OF COMPANIES CARTTERA SCOLLARD DEVELOPMENT INFINITY DEVELOPMENTS CONCERT PROPERTIES TIMES GROUP CORP. MATTAMY HOMES ICON HOMES MENKES DEVELOPMENTS INC. MENKES DEVELOPMENTS INC. CITYCORE DAVIES SMITH GEMTERRA TERRANATA DEVELOPMENTS INC. EDILCAN DEVELOPMENT CORP. MATTAMY HOMES TRIDEL CORPORATION PEMBERTON GROUP NORTH STAR HOMES TRIDEL CORPORATION PHANTOM DEVELOPMENTS VHL DEVELOPMENTS LTD. LASH GROUP OF COMPANIES

torontoregionalmaps: Scarborough, Etobicoke

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

Site Telephone TH* C* Price Range Page Finder Sweet Life Condos 647-351-5440 • from $200,000 34 10E Backyard Neighbourhood Condos backyardcondos.com from $250,000 58 24G Sail Condominiums sailcondos.ca • from $394,000 22 2C Upper Beach Club upperbeachclub.com • from $290,000 77 2G Upper Beach Club upperbeachclub.com • from $290,000 77 2G Lago 416-495-3544 • from $744,000 Insert 25C Trinity Ravine Towers 647-876-5433 • from $200,000 79 7D Terrace on Danforth 416-987-7575 • from $278,000 31 2G Avani 2 At Metrogate 416-293-5535 • from $250,000 IFC 4C Imagine Condos 416-367-7303 from $235,000 4F On The Go Mimico 647-692-8417 • from $200,000 23H Elliot & Mackay Condominium elliotandmackay.com • 2G Elliot & Mackay Condominium elliotandmackay.com • 2G Altitude 416-321-1659 • from $230,000 25H Islington Terrace 416-645-8862 • from $250,000 23F Bloor Vista at Islington Terrace 416-645-8862 • from $250,000 23F Hunt Club Terrace 416-698-3020 • 2H Cloud 9 Condominiums 416-747-0199 • from $240,000 22B Cloud 9 Condominiums 416-747-0199 • from $240,000 22B Guildwood 416-266-3655 • from $200,000 8F Residences at The Hunt Club 416-699-1711 • from $300,000 2G The KIP District thekipdistrict.com • from $237,000 22F Key West Condominium keywesttorontocondo.com from $320,000 25H Lago 647-347-5930 • from $530,000 25C Royal York Urban Towns 416-901-0206 • from $220,000 24H Dwell City Towns 416-259-2525 • from $390,000 20F Humber Mews 416-259-2525 • from $550,000 20H Harmony Village 416-493-0123 • 2C Eleven Superior 416-259-8882 • from $311,000 24H Joy Condos joycondos.com • from $220,000 4C The Step 416-798-7070 • from $145,000 23B Triumph at Valhalla 416-233-5554 • from $250,000 21F Waterscapes 416-495-3544 • from $400,000 26H West Village 416-620-1887 • from $386,000 20F Vivid Condos 416-239-8200 • from $391,000 23F Connexion at Islington northstarhomesinc.com • from $300,000 23F Avani At Metrogate 416-293-5535 • from $309,000 4C Jade Condominiums 416-762-8818 • from $305,000 25G Haven On The Bluffs 416-2611-9555 • from $292,000 3E Me Condos 416-430-0003 • from $250,000 8D

*TH: Townhomes, Attention Builders - Want to add your community to our maps? Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554

090-Condo_Maps&List.indd 4

2016-04-16 5:57 PM

d Dr Lair

ay Va lle yP ar kw n

bine Ave

Park

d Woo

Ave well

Cox

e r Av nne O'Co e v rn A osbu

ue Aven

s Rd oger

ina R

han

Vau g

Spad

Egli

We st

erin Duff

W Ave nton

G era

Jane

rd S

ir Av

St Cla

21 22 23 24 25 26 oria Vict

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

3 60 shore Lake W Blvd

QEW

15 ay essw

pr r Ex1

dine

Gar

y Ave

St Keele

Jarvis

ersit

ore esh Lak W d v l B

y Valle D on a y Parkw

Univ

ve ina A Spad

erin

s dow

Duff

Land

Toronto Waterfront

waterfrontmaps: TORONTO

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

Builder

Site

MENKES DEVELOPMENTS INC.

Harbour Plaza

Telephone TH* C* Price Range

416-591-7700 •

Page

Finder

from $350,000

Insert

14F

16F

15 THE DANIELS CORPORATION

Lighthouse Tower at Daniels Waterfront 416-221-3939

• from $280,000

18 URBAN CAPITAL

RC3

416-862-0505

• from $220,000

35 16F

58 GREAT GULF

Monde

416-466-8885 •

• from $338,000

17E

60 CANALFA GROUP

Liberty Central by the Lake Two

416-537-0047

• from $369,900

11F

TRIDEL CORPORATION

Aqualina at Bayside Toronto

416-514-2710

16E • from $355,500

TRIDEL CORPORATION

AquaVista at Bayside Toronto

416-514-2710

• from $814,000 16E

CONCORD ADEX

Spectra at Concord CityPlace

416-813-0999 •

•

14F

Twenty Lombard

416-499-8883

• from $543,000

16K

10 GREAT GULF

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

094-095-Waterfront Maps & List.indd 98

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to 416-789-9554

2016-04-16 5:59 PM

Rathburn Rd

Dr al W Rd

ee Qu tW

ds Q or ue Dr en S

lW ya Ro

W Rd e or sh

Etobicoke Waterfront

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

ate

Lakeshore Blvd E

Mississauga Waterfront Orillia

Mara

Oro Rd

28 5

Gardiner Expressway

12 11

Tay

Wasaga Beach

Vespra

Evans Ave

M Rd La

Rd dl e

Queensway

QEW

Bracebridge

rlo

Sunnidale Oakville 90 Waterfront Lisle

ak Rd

Tosorontio Everett Hwy 5 0

K Builder

Mono

28 EMPIRE COMMUNITIES

Georgina Island 33 c6aygeo Bob

Georgina Keswick

400

Cannington

East Gwillimbury Further North Waterfront 400

Bradford Tecumseth and Tottenham Riva Del Lago 9

LindsayWhitby 7 Waterfront

Alliston,

Adjala 9

im eS

Barrie

Beeton, Site

18 MATTAMYShelburne HOMES

Essa

400

Angus

Horner Ave

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

hil

E St n

Ce re m on i th bu rn Ra

lle ge wa y Co

Th e

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

E Rd Bu rn ha m th or pe

W St as

400

W Rd

W Rd pe Du

Ind

St or th m ha rn Bu

tti

Park Lawn

n tio

d nR

ne Li Rd Rd

Oakville Kerr

Q Ca

Dundas St W

Royal York Rd

a St

vd Bl

ne Li

Hine

n Devo

Tr e

rio

Rd is

ll hi ne Li

ne Li

Gon te Rd Thornbury

Midlandd

Georgian Bay

Ford Dr

8 fa

l da in

c ur Ch

Rid lon ge ial wa Dr yD r

Tr a

Mississauga

ill

st in W Rd

W ol

ne Li

in Er r D

d oo

Bloor St W

QEW

21 22 23 24 25 26

M Dr iss is

ie ix D

y re

Ce nt

De r

Br ita nn ia

sP illc

w en Ed

ie tv di

ill

e Cr

M M

d ll R

1 40

sA ve

B ld 40 9 10 11 12 13 14 15 16 17 18 19 20 1 2 3 4 5 6 s7 8 ga on

Uxbridge

Lake

Telephone TH* C* Price Range 416-495-3544 48

Scug

Manvers

Page

Scugog

• from $363,000

Finder

Insert 24C

King

Newcastle

Schomberg Eau Du Soleil - Waterfront Condominiums 416-503-3328 • from $320,000 Whitby

Oshawa

6–7

25B

401

waterfrontmaps: GTA

W St n ee

Ranforth Dr

ke m To

Rd y ed nn St Ke rio ta on ur H

Eg Bu lin rn Ra to M ha th n at b Av he m u th rn e so or Rd n Du pe B E Th nd Rd e as W Qu St ee E ns w ay

Br it

e Av

lvd

d ett R

STANTON RENAISSANCE

On The Go

647-692-8417 •

from $200,000 23C

DAVIES SMITH

Eleven Superior

416-259-8882 •

from $310,900 23C

DAVIES SMITH

Hearthstone by the Bay

416-259-4466 • from $440,900 24C

SCOLLARD DEVELOPMENT CORP.

Boathaus

boathaus.ca • from $197,900 22I

Waterscapes

416-495-3544 • from $413,990 13B

11 MATTAMY HOMES

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.

094-095-Waterfront Maps & List.indd 99

Attention Builders - Want to add your community to our maps? Need to update existing information? Please fax the details to 416-789-9554

2016-04-16 5:59 PM

er oa d

oa d

ng Ki

W al

* Due to scale restrictions, locators are approximate. Please see builderâ&#x20AC;&#x2122;s ads for exact locations.

4t 3r

n Li

21 22 23 24 25 26

Bolton

Sid er

25 th

d ro a Si de

th 10

ay ew

sR d

M ill

or D

St W

E St n ee

re Ce

W Rd rn bu th Ra

Co lle ge wa Sh y e Sp ri d ea a km n P Tr an ark us co Dr D r tt Dr Rd n ow d th La Sou ke sh or e Qu Rd ee W n St W

Th e

W Ford Dr n Rd

ee rs

ate

Br id

hil

Rd e dl

ian

Ind

Rd M sh ac or Do Co e na r Rd ld nwa E ll R Rd d

on ia lD r

Rd ia nn ita Br

E Rd pe or m th

ne Rd

W QECa

rio

La ke

W Rd y rr De

vd Bl

ill

QEW

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

E Rd ia

nn ita

sA ve le ee

n Qu

30 fed

m To

rio w

10 5

e or sh ke La

rlo

Lindsay

Lake

Scug

Uxbridge

400

Cannington

Alliston,

ta sP ur ng

eon

tti

King

Georgina Island 33 obcayg B

East Gwillimbury

W ol

Adjala

Keswick

Bradford Tecumseth and Tottenham

Mono

10 090-Condo_Maps&List.indd 5

Essa

Beeton,

Georgina 400

25 ai

im eS

Oakville

Devo

Fort Erie

Barrie

Vespra4

Angus

Hwy 5

Tr e

Tosorontio Everett

ill Ch

Oro

Sunnidale

M on

Lisle

Mara

Georgian Bay

Wasaga Beach

n Li

Key Maps Port Colborne

Orillia

Port Dover

r 13 afa l

Blv

Mississauga

Rid lon ge ial wa Dr yD r

Nanticoke Q

Dunnville Tay 27

ni Dr rk Pa ey tn

ur Er

Chippawa

North

New Credit

Fonthill Welland

Midland

NIAGARA FALLS

itv

QEW

Thorold

Bracebridge West Lincoln

69 Haldimand

To LONDON

400

Vineland Lincoln

ST. CATHARINES

kw D

Virgil

Port Dalhousie Beamsville

H Cr

sP d

Glanbrook

Scotland

M Dr iss is

Niagara-on-the-Lake

Grimsby

s he

Stoney Creek

S ill w

BRANTFORD

Shelburne

HAMILTON

LAKE ONTARIO

11 QEW 12 21

Ancaster

Paris

Dr ur

Dundas

e Av in 10

403

illc

Carlisle Burlington

Flamborough

St. GeorgeN

Thornbury

M en

CAMBRIDGE

Ayr

Key Maps

Oakville

Puslinch

401

E Rd

Rd rry ew

ive Dr le

nd Sa

se /C

Ea w

QEW

Further West

ill

403

Milton

Rd ur

Ch MISSISSAUGA

Guelph

401 Halton Hills

irp

W BRAMPTON

alw

Qu ee

Dr io n at rv

Rd W an

Ol d

Brampton

ita

er H

ie ix

iss

itv

iss

Sc ho

n ea cV M

ou ac

d lv

B ill

To r

k La

Co un try sid e

lin

Bo va i

ea H

n Li

Bo sto n

Dr .

Rd di t Cr e he

so ft

kw ar Cl

Fo rk

irp A

Rd k La

ne Li

ea al rt

rio

ea H

ne Li

Caledon

d 2n

ur H

t 1s

n Li

s in W

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

Sid

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Manvers

Scugog 48

Newcastle

2016-04-16 5:57 PM

Builder

Site

SYMMETRY DEVELOPMENTS

Telephone TH* C*

Price Range

Page

Finder

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

Lake & East Condominium Residences lakeandeast.com • from $350,000

16S

12 SPALLACCI HOMES

101 Locke Condos

101lockecondos.com

21 VALERY HOMES

Royal Connaught Phase II

royalconnaught.com • from $300,000

21 SPALLACCI HOMES

Royal Connaught Phase II

royalconnaught.com • from $300,000

47 THE DANIELS CORPORATION

ARC Daniels Erin Mills

905-306-6996 • from $220,000

17M

VANDYK COMMUNITIES

The Craftsman

THE DANIELS CORPORATION

Olivia Marie Gardens

905-874-8880

CASTLERIDGE HOMES

The Clairington

905-793-0002 • from $230,000 16E

PINNACLE INTERNATIONAL

The Marquee Townhomes on the Park 905-568-9000 • from $720,000 20K

CONSERVATORY GROUP

Mirage

905-232-2400 • from $260,000 20K

AMACON

Block Nine

905-273-9333 • from $200,000 20L

MATTAMY HOMES

The Residences of Creekshore Common mattamyhomes.com

EMPIRE COMMUNITIES

Senses Condominiums

905-845-7246 • from $195,000 17Q

10 AMACON

The Residences at Parkside Village

905-273-9333 • 21K

11 ADI DEVELOPMENT GROUP

Station West

adidevelopments.com • from $390,000 5N

13 GREAT GULF

The Chelsea

905-844-1605 • from $220,000 16P

14 PEMBERTON GROUP

Rosedale Village Golf & Country Club 905-799-5000

15 ADI DEVELOPMENT GROUP

Link2 Condos+Lofts

905-592-2028 • from $225,000 5M

16 VANDYK COMMUNITIES

Windows on the Green

905-822-3333 from $410,000 19N

17 PEMBERTON GROUP

Downtown Erin Mills Condominiums 905-630-6300 • from $300,000 18M

17 PEMBERTON GROUP

Downtown Erin Mills Condominiums Tower 2 905-603-6300 • from $300,000 18M

19 METROLY DEVELOPMENTS

The 6ixth

20 CARRIAGE GATE HOMES

The Berkley Downtown Burlington theberkeleycondo.com • from $340,000 5M

30 PINNACLE INTERNATIONAL

Pinnacle Grand Park 2

905-276-3981 • from $266,000 20L

30 PINNACLE INTERNATIONAL

Pinnacle Grand Park

905-276-3981 • from $300,000 20L

34 PINNACLE INTERNATIONAL

Pinnacle Uptown

905-568-9000 • from $200,000 19K

45 EMPIRE COMMUNITIES

Rain Condominiums

•

craftsmancondos.com from $310,000 21N • from $300,000 14K

• from $406,000 14R

•

• from $204,000 13F

the6ixthtowns.com • from $300,000 16P

empirerainsenses.com • from $350,000 17Q

SEARCH ONLINE ypnexthome.ca *TH: Townhomes, Attention Builders - Want to add your community to our maps? Highlighted listings are advertised in this issue of Condo C: Condo Guide. Please refer to page number for complete information. Need to update existing information? Please fax the details to (416) 789-9554

090-Condo_Maps&List.indd 6

2016-04-16 5:57 PM

WhitechurchStouffville

East

Mt Albert Rd

Bloomington Sideroad

Millard St

Hampton Place

PEMBERTON GROUP

7 407

11 Concess ion R

ROYAL PINE HOMES

10 Concess ion R

9 Line

Hwy. 48 le Dr

Cosmos Condominiums

Town of Markham

Raymervil

Site

Main St S

Major Mackenzie

Bullock Dr Hwy 7

Aldergrove Dr

404

14 Ave

Builder LIBERTY DEVELOPMENT CORP.

3 407

Steeles Ave E

Kennedy Rd

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

7 17

404 St

Warden Av e

18 Ave

16 Ave Carlton Rd

Ave

John

Woodbin e

Clark Ave W

Steeles Ave W

16th Ave.

Thornhill Henderson Av

31 Yonge St

Centre St

Leslie St

e Av

407

Elgin Mills Rd

Cachet Pkwy

rn Ave

n to

Denham Dr

ng Isli t nce S Clare Kipling Av

407

43 10

Strathea

Richmond Hill Weldrick Rd W

Langstaff Rd

19 Ave

404

Major MacKenzie

400

Elgin Mills Rd Neal Dr

Regent St Mill St

Maple

Yorkland

Bathurst

Dufferin

Huntingto

19th Ave.

Gamble Rd

Rutherford Rd

11 40

401

McCowan Rd

2 15

19 Ave

Town of Oshawa

401 401

Hwy. 27

Stouffville Rd

Langstaff Rd

Key Maps

Town of Whitby

Bethesda Sideroad

Major Mackenzie

City of Pickering

Yonge St

Town of Ajax

21 22 23 24 25 26

Jefferson Sideroad McCowan

Teston Rd

King Rd

Bloomington Rd

y Cr

Nashville Rd

Keele St

Pine Valle

k Rd

Kirby Rd

404

400

Jane St

Weston Rd

Vandorf Sideroad Kennedy Rd

Woodbin e Ave

King-Vaughan Rd

McCowan Rd

Aurora Rd

Warden Ave

Bayview Ave

ession Rd

St John's Sideroad

Leslie St

9 Conc

Vivian Rd

Cold Cree

12 Line Rd

905regionalmaps: Maple, Thornhill, Richmond Hill, Vaughan, Markham, Stouffville, Ajax, Whitby, Oshawa

1 2 3 4 5 6 7 8 Town9 of 10 11 12 13 14 15 16 17 18 19 20

Markham

Denison St

Telephone TH* C* Price Range

Page

Finder

cosmoscondos.ca • from $250,000

royalpinecondos.com • from $390,000

Indigo Condiminiums

905-553-1430 • from $420,000

Insert

31 PEMBERTON GROUP

Sky City 2

905-709-5700 • from $350,000

12F

32 45 CHARLES LTD.

Royal Gardens

905-889-9997 • from $303,000

15F

43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION

Grand Palace Phase I

905-907-4370 • 39

12E

43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION

Grand Palace Phase II

905-907-4370 • from $250,000

12E

TRIBUTE COMMUNITIES

Varley

905-604-1477 • from $550,000 19F

TRIDEL CORPORATION

Renaissance of Richmond Hill

416-736-9500 • from $795,000 14E

5 LINDVEST

Grand Cornell Brownstones in Markham 905-294-6161 from $340,000 23F

ARMOUR HEIGHTS DEVELOPMENTS

The Sorrento

WYVIEW GROUP

Unionville gardens

289-637-1777 • from $400,000 13B unionvillegardens.com • from $200,000 18F

10 GREAT LANDS CORP.

The Beverly Hills Resort Residences 905-882-6636

• from $277,000 12E

11 DUKA DEVELOPMENTS

Oggi Boutique Townhomes

13 LIBERTY DEVELOPMENT CORP.

Legacy Park

905-731-8302 • from $300,000 10G

15 GERANIUM HOMES

Pace on Main

905-591-1071 • from $340,000 10C

16 PODIUM DEVELOPMENTS

University Studios

17 REMINGTON GROUP

York Condos Downtown Markham

905-948-9900 • from $200,000 1&F

31 PEMBERTON GROUP

Sky City

905-709-5700 • from $300,000 12F

32 SIGNATURE COMMUNITIES

TAO Boutique Condos

905-597-2535 • from $364,000 15F

34 SIERRA HOMES

68 Main Street

905-305-0822 • from $250,000 21E

40 NOVA TRIMAX

Allegra

905-850-6866 • from $200,000 1F

41 QUADCAM DEVELOPMENT GROUP INC

Vista Parc Condominiums

905-850-8883 • from $200,000 3F

43 G GROUP DEVELOPMENT/GUIZZETTI CORPORATION

Grand Palace

905-907-4370 • from $250,000 12E

44 LIBERTY DEVELOPMENT CORP.

Centro Square Condos

905-851-8877 • from $333,000 5F

45 KYLEMORE COMMUNITIES

The 6th Angus Glen

905-887-9950 • from $625,000 19E

oggitowns.com • from $320,000 1G

universitystudios.ca • from $150,000 25 B

090-Condo_Maps&List.indd 7

2016-04-16 5:58 PM

Ontario’s best source of real estate information to

buy, rent, sell or renovate APR 16 - 30, 2016 VOLUME 24, ISSUE 8, FREE

APRIL 23 - MAY 7, 2016 VOLUME 20, ISSUE 9, FREE

GTA EDITION

EASTERN ONTARIO EDITION

-O PULL UT SEC AL TI CI

N O

SP E

SOUTHWESTERN ONTARIO EDITION

spotlight on condos CO

condo towns with a new point of view

FEATURING

DO M

IT IE S

GTA EDITION

APR 2 - 16, 2016 VOLUME 16, ISSUE 7, FREE

APRIL 9 - 23, 2016 VOLUME 19, ISSUE 7, FREE

U INIU M COMM

incredibly priced from the high

$300’S

stouffville

Campanale releases the Urban Terraces

2 Bedrooms from $191,900

INSIDE INSIDE THIS THIS ISSUE ISSUE

ANOTE FIRST-TIME THAT THIS BUYER’S CALLOUT IS INTERNATIONAL AND THAT INTEREST THE BAR IS ALWAYS PARADISE ALWAYS YPNH GREY IN COLOURIN TORONTO WHITE MARKET ON BOTTOM OF PAGE

DECIPHERING HIT SHIFT F7 LEGAL AND DISTRIBUTE LANGUAGE SPACING AT 0.2074 INCHES

001 CG_Cvr_04-23-16.indd 1

INSIDE THIS ISSUE

FUNDING FOR HOUSING AND TRANSIT GOOD NEWS

WHAT RETAIL EXPANSION MEANS TO REAL ESTATE

NEIGHBOURHOOD PROFILE ON THORNHILL

INSIDE THIS ISSUE

TARION NOTENAMES THAT THIS FINALISTS CALLOUT FORIS HOMEOWNERS ALWAYS YPNHCHOICE GREY INAWARDS COLOUR

FIRST-TIME AND THAT BUYERS THE BARLEFT IS ALWAYS OUT WHITE OF ON BUDGET BOTTOM 2016OF PAGE

MILTON: HIT SHIFT SMALL F7 AND TOWN DISTRIBUTE ALLURE, SPACING BIGAT CITY 0.2074 AMENITIES INCHES

INSIDE THIS ISSUE

FINDING THE RIGHT BUILDER FOR YOU

BUDGET 2016: WHAT’S IN IT FOR HOUSING?

NEIGHBOURHOOD PROFILE ON CARLINGWOOD

4/14/16 1:40 PM

SPRING 2016, FREE

三月十二日至四月十六日 / MAR 12 - APR 16, 2016 VOLUME 5, ISSUE 2, 免費贈閱 CHINESEHOMEGUIDE.COM

OCTOBER 2015 VOLUME 11, ISSUE 5, FREE GTA EDITION

sHoppIng FREE

Curating a selection of the GTA’s top home and decor shops and services

2015 HOME DECOR & RENOVATIONS

GUIDE

homeanddecor.ca

大多倫多版 / GREATER TORONTO AREA EDITION

6 USEFUL TIPS FOR

HAVE CONFIDENCE WITH COLOUR

OUR decor wish list FOR THE NEW YEAR

FIRST-TIME BUYERS

歡迎您

PAGE

嚮往的優質生活

完美的理想家園

4 MARKETS TO EXPLORE IN… SOUTHWESTERN ONTARIO

IT’S HIP to be

Plaid

CONDO LIVING FOR NEW FAMILIES

RENOVATING SMALL SPACES

Multi-talented designer

SPECIAL EDITION

MORE THAN JUST A DOOR

Jonathan Adler

DISHES ON DECOR TRENDS, HIS FAVOURITE SHOPS IN T.O. AND MORE! 本期內容

設計專題: 裝修粉飾浴室需知

樓花入市契機

購買新屋需知

000-GTA Chinse Front Cover_031216.indd NHONCN-Cover-03-12-16.indd 1 1

A SPECIAL ADVERTISING SUPPLEMENT

2016-03-04 11:26 10:26 AM

SHOWCASING THE

best builders & top communities across the GTA

HD_Cover_OCT 2015_FNL.indd 1

9/22/15 1:39 PM

SG cover 2014-FIN.indd 1

Exploring the GTA’s top builders and developers

THE EXPERTS WEIGH IN:

1/14/15 4:59 PM

Exploring Ottawa’s top builders & developers

EXPLORING Southwestern

EXPERT PANEL Guiding you through the homebuying process

5 REASONS 2016 is a good year to buy a home

Ontario’s top builders & developers EXPERT PANEL

EXPERT PANEL

Guiding you through the homebuying process

Affordability, location, lifestyle

Guiding you through the homebuying process Bungalows, unicorns & flying cars THE FUTURE OF HOUSING IN ONTARIO

Questions to ask when considering a condo investment

2016 CGGTA annual_CVR_FIN.indd 1

3/1/16 3:45 PM

2016 EO ANNUAL.indd 1

2016 MODEL SUITE CALENDAR

2016-03-15 5:29 PM

2016 MODEL HOME CALENDAR

AN EXCLUSIVE COLLECTION OF THE GTA’S MOST BEAUTIFUL CONDOS

AN EXCLUSIVE COLLECTION OF THE GTA’S MOST BEAUTIFUL NEW HOMES

2016 MODEL HOME CALENDAR SEASONS IN CALEDON | PRIMONT HOMES

LIGHTHOUSE TOWER | DANIELS WATERFRONT

2016 Model Home Cal TCG_Cover.indd 1

101-Family of mags - GTA.indd 101

2015-11-25 4:56 PM

2016 Model Home Cal NHG_Cover.indd 1

HIGHLAND RIDGE | EASTFOREST HOMES

11/25/15 10:24 AM

2016 Model Home Cal SWO_Cover.indd 1

AN EXCLUSIVE COLLECTION OF SWO’S MOST BEAUTIFUL NEW HOMES AND CONDOS

11/26/15 12:27 PM

2016-04-15 3:59 PM

Want to sell your home and save the commission? Selling with us means saying yes to extra square footage in your newly built condo. HURRY! ENDS APRIL 29 TH

499

Sell now $ 速 MLS EXPOSURE with

for only

Learn more! ComFree.com

1-866-336-9637

Offer ends April 29, 2016. Listings must be activated by June 30, 2016. Applies to residential and multiplex properties in Toronto, Mississauga, Barrie, Hamilton, Burlington, and Niagara regions only. Offer not available in self-serve regions. This offer cannot be combined with any other offer or promotion. The trademarks MLS速, Multiple Listing Service速 and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Not intended to solicit currently listed properties or buyers under contract.

100-Comfree 04-23-16.indd 100

2016-04-15 4:13 PM

101-Pemberton_ModelSuite_April2016.indd 101

2016-04-15 4:13 PM

Pemberton Group has been featured as “Model Suite Of The Month” as seen in the New Condo Guide model suite calendar

Model Suite Photo Compliments of Pemberton Group

www.pembertongroup.com

The Urban Townhome - Collection Multi-award - winning Model in Bloor - Yorkville -19 Distinctive Townhomes - The Victoria, 2,628 sq.ft. + 622 sq. ft. Terrace

APRIL 2016

INDEX OF ADVERTISERS Aragon Properties - Eighty One Wellesley

Insert

Luxury Living Magazine - Promo

Aspen Ridge Homes - Scenic on Eglinton

Madison Homes - 609 Avenue Road

Aspen Ridge Homes - Studio on Richmond

Malibu Investments Inc. - Southside Residences at Gramercy Park 49

Aspen Ridge Homes - The Jack

Mattamy Homes - J Davis House

Baywood Homes - TEN93 Queen West

Bazis Inc. - No1 Yorkville

Brad J. Lamb Realty - James

Camrost - Felcorp - The Foxbar Collection at Blue Diamond

Canalfa Group - Liberty Central by the Lake Two

ComFree - Promo Concord Adex - The Lakeshore

Mattamy Homes - Lago

Insert

Mattamy Homes - Riva del Lago

Insert

Menkes Developments Inc. - 365 Church

Insert

Menkes Developments Inc. - 87 Peter

Insert

Menkes Developments Inc. - Fabrik

Insert

Menkes Developments Inc. - Harbour Plaza

Insert

Menkes Developments Inc. - Pears on the Avenue

Insert

Menkes Developments Inc. - The Eglinton Yonge at Heart

Insert

100 54-55

Cresford Development Corp. - CASA II

IBC

Cresford Development Corp. - Corporate

104

Devron Developments - The Vanguard

ELAD Canada - Fifth on the Park

Empire Communities - Eau Du Soleil Waterfront Condominiums 6-7 Evertrust Development Group Canada Inc. - Upper Vista Condos 83

Mikey Young At Heart - Promo

Mutual Developments - Upper Beach Club

Opearl Developments - Sail Condominiums

Pemberton Group - Indigo Condiminiums

Insert

Family of magazines - Promo

Pemberton Group - Model Suite of the Month - U Towns

First Avenue Properties - The Bennett on Bayview

Pemberton Group - Sky City 2

G Group Development Corp - Ellie

Pemberton Group - TEN93 Queen West

G Group Development/Guizzetti Corporation - Grand Palace Phase I

Pinnacle International - The PJ

G Group Development/Guizzetti Corporation - Grand Palace Phase II

Plaza - Corporate

Global Kingdom Ministries - Trinity Ravine Towers

Rockport Group - George Condos+Towns

Great Gulf - Monde

Royal Pine Homes - Hampton Place

Great Gulf - One Bloor Residences

Silvercreek Communities - The Residences of the Hotel McGibbon

Great Gulf - Yonge+Richmond

Spallacci Homes - 101 Locke Condos

Harhay Developments - 875 Queen East

Spallacci Homes - Royal Connaught Phase II

Harhay Developments - One Eleven Condominiums & Lofts

State Building Group - 609 Avenue Road

Home + Style Studio Tour and Sale - E-News

Hyde Park - East Fiftyfive

Lamb Development Corp. - East Fiftyfive

Latch Developments - The Bennett on Bayview

Laurier Homes - Upper Beach Club

Liberty Development Corp. - Cosmos Condominiums

Liberty Development Corp. - Royal Gardens

Liberty Development Corp. - Terrace on Danforth

101

18-19

Symmetry Developments - Lake & East Condominium Residences 73 The Daniels Corporation - ARC Daniels Erin Mills

The Daniels Corporation - Lighthouse Tower at Daniels Waterfront 13 Tridel Corporation - Artscape Salon Tridel Corporation - Avani 2 At Metrogate

47 IFC

Urban Capital - RC3

Valery Homes - Royal Connaught Phase II

Liberty Development Corp. - The Village Residences

Vandyk Communities - Backyard Neighbourhood Condos

Liberty Development Corp. - World on Yonge

Your Home Developments - Sweet Life Condos

Lindvest - Sonic

YP Next Home - Promo

102窶ズPNEXTHOME.CA

102 - Advertiser Index.indd 126

2016-04-16 5:59 PM

What’s Online

Trending now The latest real estate news from across Canada

Need a little luck to find that perfect home? READ THE STORY ONLINE nexthome.yp.ca/lucky-realestate

TREB: What does it cost to live in the GTA? READ THE STORY ONLINE nexthome.yp.ca/treb-report

How new arenas boost real estate values READ THE STORY ONLINE nexthome.yp.ca/new-arenas

10 top malls in Canada — and a reason to buy near them

Want more great articles like this delivered directly to your inbox? SIGN UP FOR OUR NEWSLETTER

READ THE STORY ONLINE nexthome.yp.ca/malls-in-Canada

Twitter @ypnexthome @ypnexthome_TOR

Facebook ypnexthome

nexthome.yp.ca/newsletter

Instagram ypnexthome

Pinterest ypnexthome

Visit our website: APR 23 - MAY 7, 2016 | NEW CONDO GUIDE 103

TCG 04-23-16 master.indd 103 103 WhatsOnline-_MC-SB.indd 2

2016-04-15 4:33 PM 4/15/16 12:28 PM

BUILT for urban living. NEW RELEASE OF UPPER FLOOR DIAMOND COLLECTION SUITES. Live high atop Metrogate in its newest tower, AVANI 2. The newly released upper floor suites are designed for an urbane lifestyle coupled with breathtaking views of the surrounding city and Central Metrogate Park. Discover a wide array of bright open-concept 1 and 2 bedroom layouts, many with dens and media alcoves, featuring 9’ ceilings, contemporary features and premium finishes.

NEW RELEASE Diamond Collection Suites Starting from the mid $200â&#x20AC;&#x2122;s* Avani 2 Presentation Centre 52 Village Green Square, Scarborough 416.293.5535

tridel.com

MOVE IN NOW 1THOUSAND BAY

MOVE IN NOW CASA

UNDER CONSTRUCTION CASA

UNDER CONSTRUCTION VOX

CONSTRUCTION STARTING SOON THE CLOVER

ILLUSTRATIONS ARE ARTIST’S CONCEPT. E. & O.E.

STYLE. LOCATION. DESIGN. INSPIRE. PASSION. TRUST. Over the last four decades, Cresford has proudly shaped the dynamic skyline of Toronto, building iconic landmarks in some of the city’s most sought-after locations. Cresford’s legendary design capabilities, signature attention to detail and affinity for high-fashion labels have produced one successful condominium after another. As one of Toronto’s biggest and most trusted developers, Cresford prides itself on superior service, quality assurance, a sense of security and the finest product on the market. Visit our Condominium Gallery at 170 Merton Street or call 416.485.3000 to arrange your private appointment.

CRES 46372 Condo Guide DPS 9 FA.indd All Pages 104-Cresford-Corp 04-23-16.indd 104

2016-04-15 10:53 AM

INTRODUCING THE

SIGNATURE PENTHOUSE COLLECTION BY

MOVE IN NOW! LIMITED EDITION YONGE & BLOOR PENTHOUSES AT 42 CHARLES STREET EAST FROM $1,099,900 CALL FOR YOUR PRIVATE APPOINTMENT & EXPERIENCE YOUR BREATHTAKING VIEWS. 416.486.CASA(2272) BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST’S CONCEPT. E. & O.E.