GTA New Condo Guide, June 29, 2013

Jun 29 - Jul 13, 2013 Volume 17 Issue 13

where britt-ish fl air meets worldclass amenities & services

INSIDE THIS ISSUE

IMPACT OF GOVERNMENT FEES ON CONDO PRICES

THE IMPORTANCE OF PRE-CLOSING INSPECTION

TORONTO A HUB OF EVOLVING DESIGN

COMING SOON

Neighbourhood Watch. Bayside.

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Redefining life on the water’s edge.

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editor’s note

New home experience

Make wise choices and enjoy the process

Susan Legge

Editor-in-chief

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

When only a new condo will do, those in the market will be pleasantly surprised by the exceptional value and attention to detail a new home offers.

When you buy new, you don’t inherit somebody else’s worn carpeting, personal taste in kitchen appliances or paint colour preferences.

You get a fresh, clean space that’s waiting for your personal imprint.

If you’ve always fantasized about buying a brand new home or condo, here are a few tips that can help you make the process a pleasant one: ›› Shop the mortgage market to see what you can afford before you shop; ›› Obtain a lawyer who is willing to review your offer and close the deal;

›› Don’t be persuaded by high pressure sales tactics while you’re out shopping; ›› Determine which options and upgrades you want as part of your offer and ensure your lender will finance what’s required, if needed; Factors such as cost, the neighbourhood, suite size and special features play a big role in your final decision. Determining which features you absolutely must have, and which you could live without, should be among your first steps in the homebuying process.

We hope you enjoy this issue of New Condo Guide. Let us know what you think! We’d love to hear from you.

planning to buy new?

Now is a good time to buy, and here’s why

Wayne Karl

Editor

Wall2Wall Media wayne.karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl

002 new Condo Guide june 29 - july 13, 2013

If you’re in the market to buy a home or condo, you no doubt are paying attention to news about interest rates, the housing market and whether Canadian real estate is in for the proverbial soft landing or something more severe. Recent predictions, from various bodies, called for steep declines in sales and prices; the Organization for Economic Co-operation and Development went as far as to say Canadian home prices were 64 per cent overvalued. A bold claim, indeed.

Such reports might spook even the most confident and well prepared homebuyers to wait – to see if any adjustment occurred and prices come down.

However, in the new home and condo sector, as opposed to resale, prices are unlikely to come down. Many costs – such as development charges (see Bryan Tuckey’s BILD Report on page 10 as an excellent example) and other issues specific to the home building industry – are fixed and not affected by market conditions. You’re more likely to find a builder offering incentives on remaining inventory, or upgrades on finishings and features, than you are discounted prices.

If you’re financially prepared and well qualified, now is a good time to buy.

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new condo guide

contributors

Vice-President, Wall2Wall Media

Jacqueline Hill Sales Manager

Conni Robinson Associate Publisher, SWO New Homes & Lifestyle Communities

Susan Maxwell Editor-in-Chief, National Real Estate

Susan Legge Art Director

Sarah Jang Editor

Wayne Karl Lydia McNutt (on leave) BILD Report

Legally Speaking

designer tips

Bryan Tuckey

Jayson Schwarz

Lisa Canning

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

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

Lisa Canning is a designer and owner of Lisa Canning Interiors. lisacanning.ca, 416.587.9780

Contributing Editors

Sara Duck Elisa Krovblit Design Editor

Yanic Simard Editorial Intern

Tal Klachook Senior Account Executive

Dionne Fraser

dionne.fraser@wall2wallmedia.com

Senior Account Executive

Nina Downs

nina.downs@wall2wallmedia.com

Sales & Marketing Co-Ordinator

Terry Bassett Administrative Assistant

Antoinette Jackson Production Manager

Bala Gnanapandithan Production Co-Ordinator

Sandra Hanak-Vujnovic Graphic Designers

on the move

Mortgage Minute

Peter Kinch

Barbara Lawlor

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

For more information visit twomenandatruck.ca

Peter is founder of the Peter Kinch Mortgage Team and the PK-Approved group of Dominion Lending Centres mortgage brokers across Canada, and he is co-owner of Pacific Bridge Mortgage Investment Corp. Feel free to forward any questions directly to Peter at pkinch@ peterkinch.com

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

Dan Hopkins

Condo pro

Caroline Wassef, Mike Terentiev, Sandra Hanak-Vujnovic National Account Manager, Mediative

Paul Slizys Published By

Wall2Wall Media is a Trademark of Yellow Pages Group Co. In Canada.

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Call 416.626.4200 for ­advertising rates and information.

Circulation Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices.

Copyright 2013 All rights reserved by Wall2Wall Media.

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@wall2wallmedia.com.

The views and data expressed by columnists do not necessarily represent those of the publication.

Advertising

money matters

Taxing Issues

quick tips

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

Henry Choo Chong is a certified general accountant. Henry sits on many committees and provides accounting and tax advice to individuals and businesses in the GTA. Email your tax questions to Taxing Issues at choochonghcga@yahoo.ca

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

Contact Hellen at 905.829.2219 or info@WeOrganizeU.com

Gail Vaz-Oxlade

Henry Choo Chong

004 new Condo Guide june 29 - july 13, 2013

Hellen Buttigieg

Please recycle this magazine! Wall2Wall Media 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.

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june 29 - july 13, 2013 new Condo Guide 009

bild report

// By bryan tuckey

One-fifth the cost of a new Homes

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

W

hat would you say if I told you that more than onefifth of the cost of a new home goes to the government through various fees and charges?

The issue of home affordability poses a significant challenge for new homebuyers in the GTA. So, we commissioned a study, by Altus Group and released last week, to help make sense of the variety of fees

The largest government fee on new homes is development charges, according to the study.

010 new Condo Guide june 29 - july 13, 2013

goes to government

and charges collected by municipal, provincial and federal governments and the impact of those costs on the affordability of a new home in the region.

The study looks at a variety of fees and charges in six municipalities across the GTA – Town of Oakville, City of Brampton, City of Markham, Town of Bradford-West Gwillimbury, Town of Ajax and the City of Toronto.

The rates can vary in each municipality, so the report lists the value of fees and charges like development charges, planning and building permit fees, parkland dedication, property and land transfer taxes, mortgage insurance, HST and more. To calculate fees and charges based on the land or home value, the average price of a new lowrise or a highrise home in that municipality was used.

On average, the total government charges and fees amount to one-fifth the cost of a new home.

In one case, they represent 27 per cent of the cost of new home. In dollars, the average adds up to $119,200 on a new single-detached home and for a new highrise home, it’s roughly $66,000.

Here’s why it matters: right now, municipalities across the GTA are looking at how they are going to pay for critical infrastructure like roads, bridges, sewers and public services, that will be used by not only new residents, but existing residents as well.

Increasing development charges and other government fees is not the answer.

These facts show that new homebuyers across the GTA are already doing their fair share to support the development of essential public infrastructure.

It is estimated that in 2012 alone, the industry, new homebuyers and businesses contributed more than $1 billion toward the construction of growth-related infrastructure like sewers, roads and transit in the GTA through development charges paid to municipalities.

The largest government fee on new homes is development charges, according to the study. Since 2004, for the municipalities studied in the report, development charges have increased between 143 per cent and 357 per cent. As I write this, many municipalities across the GTA are proposing further increases to their rates.

Everyone needs and wants the public services these government fees and charges fund, but it’s time we all contact our government representatives to tell them how important it is to keep the rates affordable, so that future generations of new homebuyers will one day be able to put these services to good use.

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

june 29 - july 13, 2013 new Condo Guide 011

table of contents

June 29 to July 13, 2013 volume 17 issue 13

20

the britt residences

Lanterra brings a slice of the UK to Toronto with The Britt Residences 82

columns, news & features 002 Editor’s note Columnists

010 bild report The impact of government fees on new-home costs by bryan tuckey

014 tarion report What’s covered in your newhome warranty? by howard bogach

018 taxing issues Valuable tax tips for first-time buyers

by henry choo chong

024 fundamentally speaking It’s never too early to begin your tax-planning by wayne karl

046 legally speaking The importance of the pre-closing inspection by jayson schwarz

052 the mortgage minute The true cost of bad mortgage advice by peter kinch

060 Condo pro The finishing touch is up to you by barbara lawlor

070 design inspiration Toronto a hub for evolving design and infrastructure by david hirsh

080 Make Your Move How to prepare for the unexpected when moving by dan hopkins

094 quick tips Disciplined delegator or drill sergeant? by hellen buttigieg

112 Money matters Are you financially fit? by gail vaz-oxlade

124 scrumpdillyicious Seafood salad with celeriac remoulade

by Leslie styles

In The News

016 monarch Incentive another reason to buy at Picasso on Richmond 028 bmo Canadian home prices not overvalued: BMO

030 the daniels corporation U of T commits building in honour of Daniels chairman 038 economy Canada’s economic outlook closely tied to U.S. rebound 044 Concord Adex Living big in small spaces at Concord CityPlace 054 td Canada trust Gen Y struggles to save: TD Canada Trust 068 bmo Canadian employment gains strong in May 072 infrastructure Public-private partnerships an important option: Fraser Inst.

078 Gemterra Gemterra introduces LOVE Condominiums 090 empire communities Rain Condos moves heritage houses for new condo

condo profiles

092 townwood homes Standard lowrise residential sprinkler system a first 096 signature communities Construction begins at Tao Boutique Condos 118 tower hill development Tower Hill celebrates with VIPs at 2221 Yonge

32

menkes

The Townhomes at Pears Yorkville living at its finest 32

Homebuyers’ Help

the daniels corporation

050 designer tips Five tips for decorating small spaces

NY2 An incredible success at Bayview and Sheppard

by lisa canning

062 around the house Small spaces, big style by laura m. stein

076 finances Are you and your partner investing soulmates?

082 design diary Addressing your condo windows by erica gelman

084 condo watch 905 Previews, new releases and grand openings in the 905 area 098 condo watch 416 Previews, new releases and grand openings in the 416 area 121 Condo Buyers’ Resource Section You love the home, see what you can afford 126 Index of advertisers

40

108

108

freed developments

155 Redpath set to celebrate Grand Opening July 6 and 7

tarion report

What’s covered and what’s not in

// by howard bogach

your new-home warranty?

Condominiums

These can be highrise, midrise or lowrise buildings, townhomes, semi-detached or detached homes in a condo community. In a condominium, the owner pays a monthly fee for the upkeep of the common elements, which are shared areas that include lobbies, parking garages and recreational facilities. Each unit has its own warranty coverage.

Condos also come with a separate warranty that applies to the common elements of the building or community. While warranty coverage for your unit begins on the date you take occupancy, common element coverage takes effect when the condo is registered as a corporation.

Howard Bogach is President and CEO of Tarion Warranty Corp. His column appears monthly in New Home Guide. For more information about how Tarion helps new-home buyers, visit tarion.com or find us on Facebook at facebook.com/TarionWarrantyCorp.

T

here are many advantages to buying a new home: choosing your location, layout and appliances; selecting special finishes such as cabinets, carpets and kitchen counters; and taking advantage of efficient new building products – from heating systems to windows – that are designed to work better and last longer than ever before.

When you purchase a new home, you get added peace of mind because almost all new homes in Ontario come with a builder’s warranty backed

by Tarion. I say almost, because there are some exceptions to the types of homes that are covered by the warranty program.

Let’s look at what homes are covered.

Freehold homes

Fully-detached, semi-detached or townhomes that are entirely owned by the homeowner fall into this category, as long as the home is a self-contained, one-family unit. It may be a home in a new subdivision or one constructed on a vacant or cleared lot.

014 new Condo Guide june 29 - july 13, 2013

Contract homes

When someone hires a builder to construct a new home on a property, this is called a contract home. Contract homes are generally covered by statutory warranties so long as the builder constructs the home from foundation to the finished stage.

However there are reasons why a contract home may not be covered. For example, if you act as your own contractor or supply essential elements of the home, it could be classified “owner-built,” making it ineligible for coverage.

If you are considering having a contract home built, have your lawyer draw up a formal contract with the builder before beginning construction and make sure you understand whether any involvement you have in the building process will impact your warranty eligibility.

Certain types of homes are generally not eligible for coverage under the statutory warranty. They include: ›› Owner-built homes ›› Homes built and previously occupied by the builder or by rental tenants ›› Homes built where the pre-existing foundation exceeds 40 per cent of the new home’s footings ›› Kit, modular or mobile homes ›› Seasonal or log homes Condo conversions

Condo conversions are condos that were previously used for other purposes, such as commercial properties, hotels, apartments or schoolhouses.

Condo conversions are currently not covered under the warranty program, but we are in the midst of studying the feasibility of extending coverage to these units.

We are in the early stages of this review and expect to share the findings with the Ministry of Consumer Services later this year.

Other types of condos

There are also types of condominiums available – such as common element condominiums and vacant lot condominiums – for which coverage is not uniform.

You can read more about these types of condos on Tarion’s website. If you are considering purchasing a common element or vacant lot condo, you should check with your lawyer and Tarion to ensure you understand your warranty coverage.

If you’re unsure about whether your new home will qualify for warranty coverage, email ismyhomecovered@tarion.com and include a copy of your contract/ agreement of purchase and sale; the builder’s name; the homeowner/purchaser’s name; and the municipal address of the home.

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Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artists concepts. Prices, programs 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. *Limited time offer. Conditions Apply. See Sales Representative for full details.

015

IN THE NEWS

NEW INCENTIVE ANOTHER GREAT REASON TO BUY NOW at Picasso on Richmond!

Monarch and The Goldman Group have announced a special incentive at Picasso on Richmond, the successful condominium now under construction in the heart of Toronto’s Entertainment District. For a limited time, buy now and receive two years of free maintenance fees. With suite prices beginning from just the $280,000s, the value is incredible for this dynamic downtown location.

More than 85 per cent of the suites have sold, and there is a fantastic selection of sizes and layouts still available.

Destined to become an urban icon, Picasso on Richmond’s avant-garde design is by Governor General Award-winning Teeple Architects Inc. Anchored by a contemporary 10-storey podium featuring retail and commercial venues, the tower’s unique shape incorporates projecting white cubic volumes that look as if they’re levitated. The artistry in this design is completely appropriate, considering the Art Gallery of Ontario is just down the street in this “Triple A” Toronto location. Situated on Richmond Street, between John and Peter Streets, the condominium is within walking distance to restaurants, shopping, Air Canada Centre, Rogers Centre, Roy Thomson Hall, TIFF Bell Lightbox and the subway.

In keeping with the edgy design of the exterior, Picasso on Richmond’s interiors are by appointed by the renowned design firm UNION31. Panache is paramount from first glance in the open-air lobby, where residents and guests will enjoy 24-hour concierge service in stunning surroundings. Suite owners can arrange their lives to be as restful or active as their moods dictate in the 10th floor PICASSO CLUB. Entertaining a crowd will be exciting in the special occasion/party room that overlooks a spacious terrace with barbecues, cabanas 016 new Condo Guide june 29 - july 13, 2013

and lounge chairs, an outdoor fireplace, hot tub and incredible views. Wedding and baby showers, graduation and retirement parties... whatever the occasion, you can celebrate without leaving home.

In the PICASSO CLUB, you can also get together with friends and neighbours in the “Cue Lounge” with its billiards table and TV. And when it comes to keeping fit, the club’s “Pulse” section features a cardio, yoga/ aerobics area, fitness equipment, change rooms and dry sauna. There is also a designer-decorated guest suite for overnight stays.

The luxuriously appointed studios, one-bedroom, one-bedroom plus den, two-bedroom plus den and threebedroom designs range in size from 473 to 1,231 sq. ft. and in price from the $280,000s to more than $800,000.

Ask a sales representative for details on the special new limited-time incentive of two years of free maintenance.

In addition, remember the value that comes along with peace of mind – and you certainly have that when you choose Monarch and The Goldman Group to build your new home. These industry leaders have earned prestigious reputations. Monarch is Canada’s oldest real estate company, with more than 95 years of experience in providing top-quality homes and condominiums with unparalleled customer service. This longevity and reputation for excellence have earned Monarch the public’s trust. In 2010, this forward-thinking firm was named Home Builder of the Year by BILD. The company’s commitment is to build homes “Inspired by you.”

Explore the opportunities from these industry icons and discover the art of living well! The Picasso on Richmond Experience Centre is located at 256 Queen St. W. Visit Monday to Thursday from noon to 6 p.m., weekends noon to 5 p.m. (closed Fridays). Call 416.495.3549 or visit monarchgroup.net

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*Prices, specifications and promotions are subject to change without notice. Renderings are artist’s concept and images are for mood and impression only. E.&O.E. June 2013. 21556

It’s never better time totime buytoa buy Monarch home.home.

Enjoy incredible buyer buyer incentives It’s been never abeen a better a Monarch Enjoy incredible incentives at all of communities and make of a new come true at our all of our communities and your makedreams your dreams of ahome new home cometoday. true today.

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4195 Dundas St. West, Etobicoke 4195 Dundas St. West, Etobicoke Entrance onEntrance Prince Edward Dr.Edward Dr. on Prince 416.495.3530 416.495.3530

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taxing issues

Valuable tax tips

// By henry choo chong

for first-time buyers A

A home used as your primary residence is a great investment. The sale of a family’s principal resident is tax exempt, meaning you’ll pay no tax on the next 40 years of appreciative value on your home. No tax! That alone says it all. And paying your mortgage is a way of forced savings.

Owning your home, if nothing else, builds equity.

We all have to live somewhere. It makes far more economic sense to make monthly payments that fatten your pockets, rather than a landlord’s.

First-time buyers should consider the following:

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

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

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

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

Q

We have been saving for a down payment on a condo.

We have about five per cent and $3,000 for closing costs. Is this a good time to buy?

Mo and Neeta, Toronto

018 new Condo Guide june 29 - july 13, 2013

Determine what you can afford and stick to that price. ›› ›› Negotiate

with several financial institutions for the best interest rate, terms and conditions. You may be surprised how competitive banks are for your business. Shopping for a mortgage can be as easy as a few clicks on your mouse. ›› C reate a formal plan to achieve your goals, using three easy steps: discipline, discipline and more discipline. ›› Check your credit rating, and improve and maintain it. A one-day late payment is still considered late, and it could affect your mortgage negotiating power. ›› Manage your monthly mortgage payments. First-time buyers should make sure monthly payments are manageable and will continue to be even if interest rates rise. ›› P ut down as large of a down payment as possible to avoid taking out a high-ratio mortgage that incurs additional costs and interest. A five-percent down payment on a home leaves little equity. Consider waiting a few more months or buy with closing dates in several months. ›› S et aside an additional two to three per cent of the purchase price for closing costs, such as land transfer taxes, legal fees and disbursements, moving costs and other incidentals. With only $3,000, you may be left short on closing. Speak to a real estate lawyer to get an idea of what to expect. ›› I f buying a new condo, check if Harmonized Sales Tax (HST) is included in price. What is included and who gets the HST rebate?

Remember, all new homes must charge 13 per cent HST. There is no HST on resale homes. ›› Under the Home Buyers’ Plan (HBP), you can use your RRSP as part of the down payment. An individual and their spouse, provided they qualify, may withdraw up to $25,000 each, tax-free, from their RRSP. You will have 15 years to repay the amounts to your RRSP, starting after the second year of your withdrawal.

Uncommon Privileges Relive an era of prestige and privilege, delivered with style and panache.

Welcome to The Britt Condominiums, where British elegance meets exclusive 5-star service. As a resident you are entitled to a host of uncommon privileges, from exquisite spa and wellness programs to executive butler services. Located at the corner of Bay and Wellesley, steps to the energy and convenience of downtown living.

5-STAR EXCLUSIVE AMENITIES & SERVICES WITH THE BRITT VIP ACCESS CARD. UÊ 24-hour executive concierge UÊÊ«À viÃà > ÊLÕÌ iÀÊ-iÀÛ ViÊ UÊÊÊë>ÊEÊÜi iÃÃÊÃiÀÛ ViÃ

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CONDOMINIUMS FROM THE $270’S REGISTER AT THEBRITTCONDOS.COM 416.926.1669

Exclusive Listing Broker Milborne Real Estate Inc. Brokers Protected.

Marketing Management by Anne Lambrou Living Visions Inc. Prices and specifications subject to change without notice. Illustrations are artist’s concept. E.&O.E.

cover story

Live like a Britt

in the heart of Toronto

Lanterra Developments will bring a slice of the UK to Toronto with The Britt Residences

At its peak, The Sutton Place was seen as one of For inspiration, Lanterra took Toronto’s most glamorous and eminent hotels, a place their design team to London to to mingle with the rich and famous, a place to see and be pull ideas from some of the most seen. As time carried on, the once iconic hotel, fell into renowned luxury hotels of England, a state of disrepair. thus naming the new development As fame faded for this admired hotel, Lanterra – The Britt Residences.

Developments saw great potential and an opportunity The Britt’s prime location at to bring The Sutton Place back to life.

Bay and Wellesley will bring UK’s “We wanted to bring glamour back to The Sutton fabulous style to Toronto’s core.

Place,” says Mark Mandelbaum, principal of Lanterra Designed by Page + Steele/IBI Developments. “We chose the best design teams to help Group Architects, the building’s transform this icon into an architectural gem, providing exterior will boast a dramatic façade residents with a luxurious address in the heart of Toronto.” of shimmering blue glass with a Lanterra will convert The Sutton Place into a 41-storey, sleek balance of stone and steel and 674-suite condominium tower, building an additional nine wide horizontal balconies that wrap storeys on top of the pre-existing hotel. around the building.

020 new Condo Guide june 29 - july 13, 2013

Lanterra will convert The Sutton Place into a 41-storey, 674-suite condominium tower, building an additional nine storeys on top of the pre-existing hotel.

Suites at The Britt will bring the comforts of England with their outstanding features and finishes. Interiors, designed by Munge Leung, will include multi-strip engineered hardwood flooring in principal rooms, eight- and nine-ft. ceiling heights, exterior glass sliding doors and centre opening exterior double doors for units located on the second to the eighth floor, giving residents on the lower levels a piece of the action at Bay and Wellesley.

Kitchens will boast a selection of designer series kitchen cabinetry, granite countertops, stainless steel appliances, and integrated refrigerator, cook top, wall oven and built-in microwave, providing residents with a perfect place to wine and dine.

Bathrooms will feature a choice of porcelain or ceramic flooring, five-ft. soaker tub or shower with glass

panel with chrome facets, designer selected cabinetry and marble countertops in master ensuites.

Residents can escape the hustle and bustle of the city in glamorous British style with The Britt’s spa facility with hot tub, sun dry lounge, dry sauna, yoga studio and relaxing lounge. Other amenities include fully equipped fitness centre, multi-purpose party room with kitchen, home theatre room, outdoor pool, hot tub and lounging areas with barbecue stations and central fire place.

For your own UK experience in the heart of Toronto, visit The Britt’s sales centre located at 955 Bay St., Monday to Thursday from noon to 6 p.m. or Saturday and Sundays from noon to 5 p.m., or call 416.926.1669 or email info@thebrittcondos.com june 29 - july 13, 2013 new Condo Guide 021

NEW RELEASE. THE BOARDWALK SUITES AT MONDE. FROM $279,900.

Experience a vibrant, urban lifestyle at Toronto’s beautiful waterfront.

U Visually striking and architecturally spirited design by internationally acclaimed Moshe Safdie.

U Dazzling custom interiors.

U Spacious outdoor living and unprecedented lake and city views.

U Bask in a spectacular array of amenities including, the cabana sundeck with lakeview infinity pool.

U Breeze downtown. Cycle, jog or stroll the Lakeshore Boardwalk.

U Savour the sights, sounds and tastes of neighbourhood restaurants, cafes and clubs.

U Connect with Toronto’s new blue edge. Sunbathe at Sugar Beach.

U

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King St. E

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e Brown Sugar Corus Georg College Beach Lake Ontario

Prices, sizes and specifications are subject to change without notice. Exclusive Broker: MarketVision Real Estate Corporation.

Brokers protected. E. & O. E. Illustrations are artist’s impressions.

022 new Condo Guide june 29 - july 13, 2013

Parliament St.

Presentation Centre and Model Suite 291 Lakeshore Blvd. (east of Sherbourne) 416.466.8885

Jarvis St.

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Sherbourne St.

St. Lawrence Market The Esplanade

june 29 - july 13, 2013 new Condo Guide 023

fundamentally speaking

It’s never too early to begin your

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

I

t’s the end of june, summer has officially begun and many Canadians are planning or heading off on vacation. What a better time of year to be thinking about... taxes.

Indeed, if “nothing is certain but death and taxes,” as several famous authors have waxed in various forms, Canadians have a curious way of preparing for the inevitable.

While the deadline for contributing to one’s Registered Retirement Savings Plan (RRSP) for the previous tax year is March 1, and for filing a return April 30, many Canadians take it right down to the wire – especially on the first point.

024 new Condo Guide june 29 - july 13, 2013

// by wayne karl

tax-planning With the 2012 tax season now behind us and next year’s deadlines many months away, it may not seem like a great time to discuss tax planning. But it is.

As many experts suggest, the best tax planning should begin during the year – not at tax deadline time. But, like death, perhaps Canadians just don’t like to think about taxes, viewing them as an equally unsavoury topic.

How else would you explain that, looking at the bigger picture, we are seemingly even more short-sighted: personal finance and taxes are not subjects that are taught to any depth in our public education system. David Chilton lamented this fact in his 1989 best seller, The Wealthy Barber. More than 20 years later, the challenge still exists – for Canadians of every age.

Consider, for example: » A recent CIBC poll conducted by Harris/Decima shows that many Canadians across a wide range of ages say they do not feel financially prepared for their retirement. » According to a new TD Retirement Realties Poll, too many Canadians procrastinate in saving for retirement; 15 per cent plan to save for retirement for only less than five years before leaving the workforce. More than two-thirds (69 per cent) of retirees say, in hindsight, they should have saved for retirement for 25 years or more » A recent BMO study found that more than a third (40 per cent) of Canadians are unclear on the differences between an RRSP and a tax-free savings account. » If, like many Canadians, you believe that you pay too much tax, then tax-planning, and thinking of ways to minimize tax, should be a year-round task.

Some suggestions, courtesy of a variety of sources: Meet with a financial advisor to devise your strategy, including plans to buy a home, reduce debt and save for retirement.

Contribute to RRSPs regularly, even if smaller amounts throughout the year to avoid having to come up with a large lump sum at deadline time.

Manage and budget your spending, to better control where and how you spend and identify opportunities to save.

Remember that your finances are connected.

Making progress on one aspect of your goals can lead to an opportunity to improve in others.

Taxes are indeed certain, so planning to minimize what you pay, while maximizing your assets and developing the discipline to do both, is a sound strategy.

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Exclusive Broker Milborne Real Estate Inc. Brokers Protected. Prices and specifications subject to change without notice. Promotions may be changed and/or cancelled at any time without notice. *5% or 10% initial deposit. Balance to 20% on occupancy. Illustration is artist concept. E.+O.E.

08

2nd - 7th Floor

june 29 - july 13, 2013 new Condo Guide 025

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*For the first 12 months, based on 15% down. Includes principle, interest and taxes. Maintenance fees excluded. Prices, sizes and specifications subject to change without notice. E. & O.E. 026 new Condo Guide june 29 - july 13, 2013

Now Under Construction

Condominium Residences at Bloor and Avenue Road, across from the ROM

1,492 sq.f t. m o ro d e B o Tw +D e n , $1,799,900

Limited edition penthouse collection suites feature unobstructed, everlasting panoramic views, wrap-around windows, fritted-glazed balconies and terraces. Kitchens in penthouse suites are complemented by Subzero, Wolf and Miele appliances.

Additionally, there is above ground parking, a 24/7 concierge and a host of amenities such as an Entertainment Floor, Rooftop Oasis and Fitness Gallery.

Please contact May Sheardown or Mo Safari at Presentation Lounge 162 Cumberland St. - info@exhibitresidences.com or 416-967-7778.

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

Prices and speciďŹ cations are subject to change without notice. E. & O.E.

027

in the news

BMO Economics says

Canadian Home Prices Are Not Highly Overvalued A new report from BMO Economics released

recently challenged the notion that Canadian home prices are highly overvalued when compared to the price of renting a home.

Recently a report from the Organization for Economic Co-operation and Development (OECD) claimed that Canadian home prices are 64 per cent overvalued. This has fuelled more debate over Canadian house prices, with much attention focusing on ownership versus renting, and whether or not someone in today’s market should opt to rent instead of buy.

“We can confidently dispel the notion that Canadian home prices are egregiously overvalued versus rents, but they’re not cheap either,” says Robert Kavcic, senior economist, BMO Capital Markets. “ The report noted that on a national basis, ownership currently looks only moderately expensive versus renting. Using current market mortgage rates — around three per cent for a five-year fixed rate instead of posted rates — leaves valuations almost bang on their long-run norm.

028 new Condo Guide june 29 - july 13, 2013

Gap in price between buying And renting gets smaller in Vancouver

Kavcic noted that there are regional differences within the numbers: ›› On the west coast, Vancouver valuations have begun to compress from very elevated levels, though ownership still remains expensive versus renting. ›› In Calgary, both housing prices and rent prices are rising, so the gap is stable. Calgary’s market looks pricey, but well below levels seen at the height of the energy boom, and resurgent rent growth has helped offset recent price gains. ›› Toronto appears only slightly overvalued compared to historical norms, but not at all at prevailing three per cent mortgage rates. Notably, the city is miles away from the severe bubble conditions seen in the late 1980s.

To Rent or Buy?

“The decision to rent or buy is a very personal one and is determined by a variety of factors that need to be carefully weighed before taking the next step — whether for the short or long term,” says Laura Parsons, mortgage expert, BMO Bank of Montreal. “A mortgage for some can be seen as a type of savings plan, particularly if they view their home as a financial nest egg for their retirement years, as many Canadians do.”

Parsons noted that those who choose renting over owning property should consider working closely with a Mortgage Specialist to build a more aggressive long term saving and investment plan, as they will not be able to rely on the value of a property to bolster their retirement savings down the road.

the inventory boutique

Th�

INVENTORY BOUTIQUE KING & SPADINA INVENTORYBOUTIQUE.COM 373 KING STREET WEST SUITE 302 | TORONTO ONTARIO | M5V 1K1 OPENING HOURS Mon to Thurs: 12PM - 6PM Sat & Sun: 12PM - 5PM

FEATURING:

june 29 - july 13, 2013 new Condo Guide 029

in the news

University of Toronto to transform iconic landmark into

above

Shown following the announcement (right to left) Myrna Daniels; The Daniels Corporation Chairman John H. Daniels; President, Mitchell Cohen; CFO, Jim Aird; Architects Nader Tehrani and Katie Faulkner, NADAAA; The Daniels Corporation Senior Vice-President Tom Dutton.

the new home of the John H. Daniels Faculty of Architecture, Landscape and Design University of Toronto has unveiled plans to transform one of Toronto’s most iconic landmarks, One Spadina Crescent, to become the new home of the John H. Daniels Faculty of Architecture, Landscape and Design.

The revitalized building project is designed by Nader Tehrani, principal of internationally acclaimed firm, NADAAA, and his collaborator Katie Faulkner.

The university has received an additional personal contribution of $10 million from architect, developer and philanthropist John H. Daniels (BArch 1950, LLD Hon. 2011) and his wife Myrna Daniels, adding to their $14-million gift that initiated planning for the expansion and named the Faculty in 2008. These two benefactions totaling $24 million are the largest gifts designated to architecture programs in Canadian history.

In addition, The Daniels Corporation, on behalf of the company’s management and staff, will contribute $1 million to the U of T’s current fundraising campaign evenly divided between capital and The John and Myrna Daniels Scholars award program.

030 new Condo Guide june 29 - july 13, 2013

COMING SOON Nestled on the edge of High Park - Toronto’s largest urban park and just steps from the quaint shops and fine dining of Bloor West Village, The Daniels Corporation is excited to introduce

WHERE MODERN URBAN MEETS MOTHER NATURE Yes, this is the actual view from the 14th floor!

A Daniels / WJ Community

The only new condominium within Toronto to offer innovative suites ranging from studio to two bedroom + den designs featuring superior finishes and unobstructed views of over 399 acres of vibrant parkland and beyond. Add to this 18,000 sq. ft. of indoor and outdoor private amenities, unlike any other in the city today, and you’ll quickly see that HighPark Condominiums is Where Modern Urban Meets Mother Nature.

SUITES FROM THE

$300,000s Register Today 416.351.1844 danielshighpark.com

Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artists concepts. Prices, specifications and programs 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 Representatives for full details.

031

condo profile

The Townhomes at Pears:

Yorkville living at its finest

t

he finest restaurants. Amazing shopping. The best the city has to offer. This is Yorkville and the new Townhomes at Pears on the Avenue have all of these excellent area amenities right at your doorstep!

This exquisite townhome collection on the quiet and tree-lined Pears Avenue is the latest offering from Menkes Developments, one of Toronto’s finest and most-respected builders of luxury condominium suites, beautifullyappointed single-family homes and in-demand commercial real estate spaces.

“The Townhomes at Pears are the ultimate in Yorkville living,” says Mimi Ng, Menkes’ vice-president of sales and marketing. “The area itself is probably the greatest amenity a homeowner could ask for in luxury living. The endless shopping, dining and entertainment experiences homeowners will be exposed to in this area make these townhomes Toronto’s newest destination address.”

The townhomes consist of five units with direct street front access, as well as indoor access to the Pears on the Avenue condominium tower via the P1 level. “Having the best of both worlds is what the Townhomes at Pears are all about,” says Jared Menkes, director of development at Menkes. “Homeowners have the benefit of a front yard on a quiet street and they can directly access all the building

032 new Condo Guide june 29 - july 13, 2013

amenities without having to step foot outside if they choose.”

The building amenities inside the 20-storey tower include an indoor pool with whirlpool and private cabanas, a fully-equipped gym with separate cardio and weight area, yoga and meditation studio, Hollywood-style screening room, and a landscaped terrace with open fire pit, seating and sundeck – just to name a few. Each and every building amenity is fully available to townhome purchasers.

The townhome collection includes essential luxury items found only in the finest Toronto homes; private rooftop terraces that include gas barbecue connections and per-plan hot tubs, 10-ft. ceilings on the main floors with nine-ft. ceilings on the second and third floors, central vacuum system, under-cabinet lighting, customdesigned bathroom vanities and the ultimate in luxury: private elevator access to all four floors.

“Another great feature in our Pears townhomes is parking for our purchasers,” says Ng. “Imagine being able to park underground directly in front of your garage-level rear entrance door, walk mere steps with your bags and parcels into your home and take the elevator up to all three levels of your living area. We have thought of every opulent possibility to make your life at Pears the quintessential Yorkville experience.”

If preparing gourmet food for your invited guests is an epicurean delight, then the Chef’s Dream Kitchen is the place for a food gourmand. The Munge // Leungdesigned custom cabinetry will set this kitchen apart from others in the neighbourhood and includes matching paneling for both the dishwasher and fridge, providing a

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facebook.com/MenkesLife

@MenkesLife

the townhomes consist of five units with direct street front access, as well as indoor access to the Pears on the Avenue condominium tower via the P1 level. classic and clean look. The granite or caesarstone countertops are quarried from the finest Italian hillsides, while the choice porcelain tile or hardwood in the kitchen provides a variety of colour and finish options that will help customize the look for each homeowner. Finally, having a full suite of eight in-demand Miele appliances including, refrigerator with bottom-mount freezer, electric or gas cook top with stainless steel trim, built-in microwave and stainless steel wall ovens, European-style designer hood fan and a highly-coveted extra: a built-in coffee system for those relaxing mornings in your stylish home, means you have everything you need to take on the most gourmet recipes by the world’s best chef from the comfort of your own space.

A day at the spa is a hallmark of luxury living and the townhomes at Pears has captured this essence in the Master bathroom. A variety of stone choices including

limestone, marble or porcelain flooring allows you to create the space that suits your pallet. The undermount soaker tub with marble deck and skirt beckons you to relax and unwind and the separate shower with frameless glass door completes the bathing experience. The custom-designed vanity by Munge // Leung and designer-selected polished chrome plumbing fixtures round out overall look and feel of this room.

Relaxation awaits.

“With everything this neighbourhood and these townhomes have to offer, it’s easy to see why both Pears on the Avenue and Yorkville are a perfect match,” says Menkes. “The toughest choice a Pears townhome owner will have is do they stay in and enjoy their superior building and unit amenities or do they explore Toronto’s most eclectic neighbourhood? It’s a great choice to have to make.”

For your exclusive preview of these impressive and in-demand Yorkville townhomes, visit menkes.com/pears or call the new presentation centre, located at 167 Avenue Rd. in Yorkville, at 416.323.0100. The centre is open Wednesday to Friday from noon to 6 p.m., and Saturday and Sunday from noon to 5 p.m. Staff can also be reached by e-mail at pears@menkes.com june 29 - july 13, 2013 new Condo Guide 033

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034 new Condo Guide june 29 - july 13, 2013

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All illustrations are artist’s concept only. ©2013 Liberty Development Corporation.

All rights reserved. Brokers Protected.

BATHURST & CENTRE STREET june 29 - july 13, 2013 new Condo Guide 035

MOVE-IN THIS YEAR!

Liberty Development is proud to offer a wide range of suites in communities that are â&#x20AC;&#x153;MOVE INâ&#x20AC;? ready this year! Visit us at one of our Sales Centres and learn about exciting new communities being completed at great locations throughout the GTA. Each within steps to shopping, dining, highways and with access to modern public transportation, find the Liberty home that is right for you and MOVE IN THIS YEAR! 036 new Condo Guide june 29 - july 13, 2013

MOVE IN 2013!

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See Sales Representative for details. june 29 - july 13, 2013 new Condo Guide 037

in the news

Canada’s economic outlook closely tied to U.S. rebound Canada’s economy is muddling along this year, but a better performance is expected in 2014 in line with a revived U.S. economy, according to The Conference Board of Canada’s Canadian Outlook: Spring 2013. Currently a softening housing market, downturn in commodity prices and ongoing government spending restraint is taking a bite out of Canada’s domestic economy.

“Overall, Canada’s domestic economy is not expected to muster enough strength to get growth in real gross domestic product above two per cent this year,” says Pedro Antunes, director of national and provincial forecast. “Still, the stronger pace of U.S. growth expected in 2014 should help to lift spirits, resource prices, trade prospects and income here at home.”

Some highlights from the report:

›› The Canadian economy is expected to grow by just 1.8 per cent in 2013. ›› In 2014, growth is expected to accelerate to 2.5 per cent, due to a strengthening U.S. economy in 2014. ›› Tightening of mortgage rules is having its intended effect of bringing the real estate market in for a soft landing – the national average price of a home is expected to fall by just 2.5 per cent this year and stay flat through 2014.

038 new Condo Guide june 29 - july 13, 2013

Despite lacklustre growth in 2012 and 2013, Canada’s economic situation needs to be viewed in perspective, especially when compared with other developed countries. Business investment surpassed its pre-recession peak in 2012, employment and real wages continue to trend upward, and the trade picture is improving.

The federal government’s tightening of mortgage rules is softening home sales activity and reducing new home construction.

The slowdown in building should help rebalance the market and mute declines in real estate values.

Following two years of strong growth, resource sector investment is waning because of the swoon in many commodity prices.

Struggling to beat back deficits, the federal and most provincial governments have been in belttightening mode since 2011. Most governments cinched their belts even tighter in their latest budgets.

Overall, little growth is expected in the public sector until at least 2016.

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ACT NOW BEFORE IT’S 2 LATE! NY2CONDOS.COM | 416.221.3939 Presentation Centre: 27 Rean Drive, Unit 10 Mon.-Thurs. 12pm-6pm, Sat., Sun. & Holidays 12pm-5pm, Fri. Closed Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers Protected. *Limited time offer. Daniels’ Rent-To-Own Program is only available on a select number of suites. See Sales Representative for full details. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept. E. & O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without written permission of The Daniels Corporation, is strictly prohibited.

june 29 - july 13, 2013 new Condo Guide 039

condo profile

NY2

is an incredible success at Bayview and Sheppard Daniels’ sequel to NY Place receives an overwhelming reception

t

here was a flurry of activity as The Daniels Corporation released NY2 Condominiums the final opportunity to own within Daniels’ multi-award-winning NY Towers community, at Bayview and Sheppard. Purchasers responded enthusiastically to the modern design, incredible location and fantastic homeownership opportunities that make this boutique-style residence so unique. Today, NY2 is already well under construction with occupancies starting as early as spring 2014.

“NY2 has been met with an overwhelming response – anyone interested in becoming part of this fantastic homeownership opportunity should act now!” says Dominic Tompa, broker of record for City Life Realty Ltd. NY2 Condominiums under construction

040 new Condo Guide june 29 - july 13, 2013

Following in the footsteps of the highly successful NY Place Condominiums, NY2 reintroduced Toronto’s most unique homeownership opportunity, by offering purchasers a Rent-to-Own option. Known for their out-of-the-box thinking when it comes to finding innovative ways to help people enter into homeownership, Daniels’ Rent-to-Own Program allows purchasers the opportunity to accumulate their down payment through their rent – a program that is exclusive to Daniels.

In addition to incredible homeownership programs, residents at NY2 will also be able to enjoy a fabulous array of amenities including the NY Café with Wi-Fi capabilities, cushy sofas and a flat-screen TV. The NY2 Party Room is perfect for both casual and glamorous entertaining both indoors and out, with its kitchen, large dining table, chic seating and outdoor barbecue area. Exercising will be a pleasure in the state-of-the-art NY2 Fitness Centre, which offers a stretch area, cardio and weight training equipment – and no membership fees! Plus, Daniels didn’t forget those with Green thumbs at this innovative condominium. The Outdoor Terrace on the seventh floor will include the NY2 Gardening Plots where residents can grow their own herbs, flowers and spices. It’s the perfect way to care for the planet and connect with neighbours.

The value-packed suites are constructed with Daniels’ renowned quality and designer decorated finishes such as nine-ft. ceiling heights, laminate flooring throughout, granite kitchen countertops and European-style stainless steel appliances. Suites at NY2 start from the low $200,000s and range from studio to two bedroom designs.

NY2 offers homeowners their final chance to live in this prestigious masterplanned community, located just steps to the subway and minutes to shopping, dining and theatres. Bayview Village Shopping Centre, one of Canada’s most upscale shopping environments is literally across the street, offering easy access to luxury fashion retailers, amazing eateries, specialty foods and a multitude of services.

The Daniels Corporation (danielshomes. ca) is one of Canada’s preeminent builder/ developers, having been building new homes and communities for more than 31 years.

Named the Tarion Warranty Corp.’s 2012 Highrise Builder of the Year and the recipient of the 2012 Toronto Arts and Business Award presented by the Toronto Arts Foundation, Daniels has built more than 24,000 homes throughout the GTA. Among its many initiatives, Daniels was chosen to partner with Toronto Community Housing to revitalize Regent Park – 69 acres in Toronto’s Downtown East. Committed to community, Daniels continually offers innovative programs that help people achieve homeownership, champions neighbourhood initiatives that enhance residents’ quality of life, and supports numerous charities and non-profit organizations.

Don’t wait – act now, visit the Presentation Centre today to learn about Daniels’ incredible Grand Opening Bonus Incentives.

The Presentation Centre is located at 27 Rean Dr., Unit 10. Hours are Monday to Thursday noon to 6 p.m.; Saturday, Sunday and holidays noon to 5 p.m.; Friday closed.

For more information, call 416.221.3939 or visit ny2condos.com

june 29 - july 13, 2013 new Condo Guide 041

042

043

in the news

Living big

in small spaces at CityPlace

On June 13, Concord Adex hosted a “Living Big In Small Spaces” seminar

at the Concord CityPlace Presentation Centre. This seminar is part of their Concord Living Series to enhance residents’ living in the Concord communities. This is also a good opportunity for the residents to meet and befriend their neighbours. In this seminar, collaborating with IKEA, designers shared solutions, tips, and ideas on how to create well-designed, functional living spaces that maximize condo living. Learning how to use space efficiently and creatively is important, as condo space becomes increasingly valuable. The designers also used floor plans of actual suites in the Concord CityPlace buildings to show practical

044 new Condo Guide june 29 - july 13, 2013

examples of how to furnish and make the best use of the space.

With more than 70 guests attending, the event was a remarkable success. The evening was filled with delicious food and drinks, great company, and useful design tips.

For two decades, Concord has set innovative standards for grand-planned communities Canada wide, from Concord Pacific Place in Vancouver and Concord CityPlace in Toronto, to North York’s Concord Park Place and Calgary’s coveted new neighbourhood. With impeccable design crowned by state-of-the-art technology, Concord builds living dreams and lifetime investments.

For more information about the current phase at Concord CityPlace, visit cityplace.ca or the Presentation Centre at 23 Spadina Ave. Hours: Monday to Friday, 10 a.m. to 6 p.m.; Saturday and Sunday, 11 a.m. to 6 p.m.

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june 29 - july 13, 2013 new Condo Guide 045

legally speaking

The importance of the

// by jayson schwarz

pre-closing inspection or retrofit project) is the cost of your Tarion Warranty Corp. (formerly the Ontario New Home Warranty Program) enrolment. Among the things you are covered for are defects in the completion of your new home. Most of the Agreements of Purchase and Sale make the deficiency list prepared as part of your final inspection the only basis for repairs, subject to the major items such as foundation cracks. What does this all mean?

When it is time to do the Pre-Closing Inspection, know that if you don’t list it, you may not be able to compel the builder to fix it. Therefore, it is critical you list everything! Here is a minimum list of what I believe will help you in making sure you are covered:

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.

I

n this issue, we are going to address a small but incredibly important part of the process of buying that new home, the Pre-Closing Inspection.

As most of you know, included in the adjustments on the purchase of a new home or condo (but not a conversion

01 Insist on having enough time to do the inspection and allow yourself enough time with no need to be anywhere else; 02 Write everything down yourself... don’t let the builder’s representative take charge; 03 Don’t rush! Don’t let the builder’s representative push you, insist at moving at you own speed; 04 Write or mark down everything, no matter how small or seemingly insignificant; 05 Don’t accept promises of repair during inspection – if something is not right, mark it down; 06 Try every light, socket, tap, drain, toilet, door, lock, window, appliance, everything that could be defective now or go wrong later; 07 Watch for stains on carpet, scratches on wood floors, cracks in paint or drywall and areas where they forgot a second coat of paint; 08 Look for water stains or spots on concrete basement floors or walls, and if you see them insist on knowing why and where they came from; 09 Don’t forget the exterior – roof, drains, bricks, mouldings. Is there sod, is the grading complete and is your driveway in? Write it all down!

10 Condominiums: go check out the common areas – lobbies, garbage rooms, parking areas, lockers, pools, tennis courts and health clubs. Remember, you own part of the common area, and if parts are incomplete, wrong or defective, put them on the list!

Remember that this inspection is, in all probability, the only chance you have to deal with deficiencies, so make sure you check carefully. Some readers ask about what happens if the builder rushes them or something happened so they did not get the opportunity to finish. The answer is to immediately do a complete list and send it to the builder and to Tarion in order that the record is on file.

There is probably more and I do not suggest that this list is complete. I hope it helps in making you realize how important it is to do a thorough job on the Pre-Closing Inspection.

Perhaps the most difficult part of writing these articles relates not to the actual writing, but thinking of a topic to address. Visit schwarzlaw.ca or email your questions, concerns, critiques and quandaries to info@schwarzlaw.ca. I will try to deal with them in print or electronic form.

046 new Condo Guide june 29 - july 13, 2013

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Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers Protected. *Daniels’ Rent-To-Own Program is only available on a select number of suites. Prices, specifications and programs are subject to change without notice. Illustrations are artist concept.

E. & O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without written permission of The Daniels Corporation, is strictly prohibited.

june 29 - july 13, 2013 new Condo Guide 047

CHINESE HOME & CONDO GUIDE 網上 參閱

各式電子工具都可瀏覧

ChineseHomeGuide.com

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

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june 29 - july 13, 2013 new Condo Guide 049

designer tips

Five tips for decorating

// by lisa canning

small spaces sized, or condo-appropriate pieces, which are often smaller-scale translations of their most popular lines. And of course, many condo-sized sofas can also be purchased with a sofa bed option to give you the flexibility of creating a guest room in your small space.

TIP #2: USE CLEAR FURNITURE

Lisa Canning is a designer and owner of Lisa Canning Interiors. lisacanning.ca, 416.587.9780 photo by arnal photography

S

mall spaces are more and more common with the increase in condo living, and making these spaces work can be a challenge. With careful space planning and ingenious multifunctional products, you can have all the function and style in any square footage.

TIP #1: START WITH A CONDO-SIZED SOFA

The sofa is often a great place to start when planning a small space, as it usually takes up the most mass, and it is also the easiest piece to purchase incorrectly. A sofa that is too large in a given space can feel cumbersome. Conversely, a sofa that is too small can feel like dollhouse furniture. Luckily, many retailers make it easier to make the right choice by carrying apartment050 new Condo Guide june 29 - july 13, 2013

What’s great about furniture made out of glass, or acrylic, is that it doesn’t take up much visual space. A ghost chair or a waterfall table will give you an instant modern update and provide great function while keeping the space feeling light. In condos that have gorgeous large windows, place pieces that are clear directly in front, since they won’t obstruct the view.

TIP #3: WALL-MOUNTED LIGHTING

A layered lighting plan is something I always recommend to clients, but in a small space this approach is especially advantageous. Rather than opting for a floor lamp with mass, weight and that takes up floor area, sconces give you ambient lighting while saving space. I love the architectural detail sconces provide and often use them on either end of a gallery wall or sofa.

TIP #4: WORK WITH PIECES THAT ARE MULTI-FUNCTIONAL

In a space that might be too small for a home office, or a formal dining room, I have some great innovative products to share. The first is the Functional Coffee Table from BoConcept. At first glance, it looks like a sleek, minimal coffee table. But with an easy lift, it reveals a desk-height table and ample storage. Storage will always be an issue in small spaces, so anything that will serve a function and provide storage is a great addition.

Another incredible product on the market is the Lacuna table by VNO Designs. This innovative product begins as a piece of customizable art on the wall. With the release of a latch, the art piece lowers to reveal a concealed leg and becomes a dining table for five. For people who don’t formally entertain often, or for those living in really limited space, this is a unique space-saving solution.

TIP #5: WORK WITH SMART STORAGE SYSTEMS

Great interior storage is just as important as utilizing multi-functional storage. Drawer dividers, shelf dividers and small storage boxes are great tools to use to increase your storage space. The more levels you can create within a drawer, the more items can be stored and easily found. I love using small stackable, acrylic storage compartments to divide my drawers.

Style doesn’t stop at the exterior of a piece – allow your furniture to function at its best by investing in interior organization.

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june 29 - july 13, 2013 new Condo Guide 051

Mortgage Minute

// by Peter Kinch

The true cost of bad mortgage advice

I

Peter is founder of the Peter Kinch Mortgage Team and the PK-Approved group of Dominion Lending Centres mortgage brokers across Canada, and he is co-owner of Pacific Bridge Mortgage Investment Corp. Feel free to forward any questions directly to Peter at pkinch@peterkinch.com

Bankruptcy or bad debt will remain on your credit record for seven years, but this is not to be misconstrued to mean that you will not qualify for credit for seven years.

052 new Condo Guide june 29 - july 13, 2013

had a conversation with a couple of clients recently that really bothered me.

They started by informing me that they had been through a bankruptcy seven years ago but their credit had been squeaky clean since, and now they are ready to try and get back into home ownership.

At first I winced at the thought they had waited for seven long years before reapplying for a mortgage when they could have easily qualified for one much sooner, but that wasn’t the worst of it. I asked if they had re-established any credit over the past seven years, then braced for the answer: they both looked at each other and then back at me with that all-too-familiar “I’m not quite sure what you mean” look.

As I feared, they were told at the time of bankruptcy that they would not be able to qualify for any credit for at least seven years. Now, they might not have actually been told this, but that is certainly the impression they had.

Here’s the bad part: I then had to explain to this nice couple that, although it is quite admirable that they had perfect credit for the past seven years, they also had not re-established any credit in that time, and from a lender’s perspective, that is the single most important component of deciding to lend again. In fact, most lenders will want to see that you have re-established two or three “trade-lines” or sources of credit over the past two years, and that you

If they had gotten the right advice from the beginning and established new trade lines – which they could easily have done within a month of being discharged – they would have been able to apply for a mortgage at fully discounted rates five years ago. have paid them diligently. This proves to a lender that your bankruptcy was an isolated incident and you now have the ability to manage your debt.

So, what did this mean for the couple? After waiting patiently (based on poor advice), and doing absolutely nothing for seven years while waiting to apply for a mortgage, they now have to spend another two years re-establishing credit (such as a Visa, line of credit or car loan) before any prime lenders would look at a mortgage application. That’s nine years in total! If they had gotten the right advice from the beginning and established new trade lines – which they could easily have done within a month of being discharged – they would have been able to apply for a mortgage at fully discounted rates five years ago.

Too many consumers who have experienced debt issues are not given this simple advice, so here it is in a nutshell:

» Bankruptcy or bad debt will remain on your credit record for seven years, but this is not to be misconstrued to mean that you will not qualify for credit for seven years.

» From the moment you are discharged, you may apply for credit from a variety of sources that will allow you to re-establish your debt and credit rating. These include: › A pre-paid or secured credit card (put $5,000 in a trust account as security and then get a secured card with a $5,000 balance). › Have a family member or friend act as a co-signor or guarantor to get a secured loan from a lender with you are the primary borrower. › A car loan › An RSP loan »Y our loans must report to one or both of the credit bureaus (Trans Union, Equifax) and the limits must be at least $2,500.

Once you get new sources of credit, use them and pay them off. The purpose of these loans and credit cards is to prove to a future lender that you now have the ability to use credit responsibly. That means that credit lines must be revolving, not static.

If you can show that you have re-established your credit, then you may apply for a fully discounted mortgage from virtually any lender and even qualify for high-ratio mortgage insurance through Canada Mortgage and Housing Corp.

With the right advice, anyone who has gone through bankruptcy can qualify for a new mortgage within two or three years. The same person, with the wrong advice, may need to wait as long as nine years for the same result. So, what’s the cost of bad advice? june 29 - july 13, 2013 new Condo Guide 053

in the news IN THE NEWS

TDCanada Canada Trust study: TD Trust study:

Gen YY STRUGGLES Struggles TO to SAVE Save GEN TD research finds high cost of education, TD RESEARCH FINDS HIGH COST OF EDUCATION,

lower salaries and high debt load are the biggest lower salaries and high debt load are the biggest barriers to saving for twentysomethings today barriers to saving for twentysomethings today compared to 40 years ago. compared to 40 years ago.

According to new research from TD Canada According to new research from TD Canada Trust, more than a third of Gen Y (34 per cent) Trust, more than a third of Gen Y (34 per cent) admit they find it almost impossible to save. admit they find it almost impossible to save. Young Young people today face fiscal challenges that people today face fiscal challenges that older older generations did not have to worry about, generations did not have to worry about, like

like working to pay off high student debts in workingwith to pay off high spending student debts in tandem tandem managing on lower with managing spending on lower salaries. salaries.

Still, the principles of budgeting, saving and Still, the principles of budgeting, saving and spending remain true no matter the financial spending remain true no matter the financial reality, according to Raymond Chun, a senior vice reality, according to Raymond Chun, a senior president at TD Canada Trust. Diligence, vice president at TD Canada Trust. Diligence, automation and realistic goals are essential to automation and realistic goals are essential to making saving money a habit. making saving money a habit.

Gen YY More moreAffected affectedby byCommon commonObstacles obstaclesThan thanPrevious previousGenerations generations Gen The research, research, which whichsurveyed surveyedBoomers Boomersand andGen GenY’s Y’sability abilitytoto save their twenties, found that The save inin their twenties, found that today’s youth appear to be more affected by the following common obstacles to saving than today’s youth appear to be more affected by the following common obstacles to saving than previousgenerations: generations: previous

44% 39% 38% 36% PAYING FOR EDUCATION COSTS 44% of Gen Y versus 18% of Boomers

SALARIES TOO LOW TO COVER LIVING EXPENSES 39% of Gen Y versus 30% of Boomers

Make a Plan for Saving and Spending Although “the job tighter, university Make a plan formarket savingis and spending costs higher and salary growth lower for young Although “the job market is tighter, university people today,” according to Chun, “With costs higher and salary growth lower forplanning young and discipline, Canadians can“With lay the people today,” young according to Chun, foundation for discipline, a solid financial by diligently planning and youngfuture Canadians can tracking their cash flow and creating a plan for lay the foundation for a solid financial future by saving andtracking spending.” diligently their cash flow and creating a plan for saving and spending.”

As a general rule, individuals should

DEBTS FROM CREDIT CARDS, LOANS AND LINES OF CREDIT 38% of Gen Y versus 26% of Boomers

THE TEMPTATION TO SHOP BEYOND THEIR MEANS 36% of Gen Y versus 16% of Boomers

As a general rule, individuals should aimto toset setaside aside three three to to six months’ worth aim worth of of essential expenses in an emergency fund.

The essential expenses in an emergency The mostimportant important thing thing is is to to start a savings habit most habit early,regardless regardless of of how how much much can can be early, be set set aside aside thebeginning. beginning. atatthe “It toughfor foryoung youngpeople peopleto tobalance balance “It isistough all of their financial obligations as they all of their financial obligations as they enter enter

adulthood, but this is precisely why it’s important to be committed to saving even just

continued on page 56…

054 new Condo Guide june 29 - july 13, 2013

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in the news

continued…

“ Savings provide some freedom if a great opportunity like a new job overseas comes up, or as a financial cushion in the event of something like temporary job loss.” a little each week — every dollar counts,” said Chun. “Savings provide some freedom if a great opportunity like a new job overseas comes up, or as a financial cushion in the event of something like temporary job loss.”

Timeless principles of budgeting and saving: 1 Small actions yield big results Reaching a savings goal is a marathon, not a sprint; be diligent about putting away a little bit with each pay cheque and it will add up.

Consider putting away just $25 a week, and over the course of 12 months this will add up to $1,300. Don’t make the mistake of not saving at all just because the goal doesn’t appear achievable right away.

2 Budget to help manage spending Assess spending habits starting with a list of all essential expenses like food, rent and transportation. Then review each item on the list and assess whether there are any ‘nice to haves’ hiding behind them. For example, food is essential but buying a bagel on the way to

056 new Condo Guide june 29 - july 13, 2013

work is not. Whatever is left after the essentials, including servicing debt and saving for the future, is for discretionary spending.

3 Save and service debt simultaneously As a rule, the amount of debt people carry should not exceed 40 per cent of their pre-tax monthly income. This means, if a person earns $3,000 a month, monthly mortgage repayments, student loans and other debts should not amount to more than $1,200.

Young people with heavy debt loads should concentrate on paying down their highest interest rate debt, such as a credit card, before putting a bigger focus on saving.

4 Make it a habit One of the most effective ways to save is to put money away before there’s a chance to spend it.

For example, set up a pre-authorized transfer of a set amount each week to a high interest savings account. Or, some banks even offer services like the TD Simply Save program, which automatically transfers a small pre-set amount into customers’ savings account with each access card transaction.

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june 29 - july 13, 2013 new Condo Guide 059

condo pro

// by barbara lawlor

The finishing touch is up to you

W 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

hat a joy it is when new condominium owners visit décor centres for their colour selection appointments! Choosing your own colours, features and finishes is one of the best parts of buying new. You really do get to put the finishing touches on the design you have chosen to make it feel like “home” to you. You want your living spaces to be both beautiful and practical, and of course, you want the most for your condominium dollar. The great news is that today’s standard finishes in buildings across the GTA are far and beyond what builders offer in other places in North America. Most likely, you will be ecstatic with the standards that come with your suite.

If you decide you would like to upgrade, there is even more good news: the choices available today are phenomenal. Make your choices carefully, however, so that you do benefit the most from your selections. To spend your upgrade money wisely, consider items that will make your life more comfortable, and those that can boost your future resale value.

For example, everything “Green” is red hot right now. Think about ordering upgraded finishes that will leave a lessened carbon footprint on the environment. The idea is to think “natural.” Stone kitchen countertops may be standard in your suite, but if not, you may want to select granite, quartz or Caesarstone as an upgrade. Nothing beats the timeless beauty and durability of natural stone.

Another popular feature is hardwood flooring. If this is not standard in your suite and you suffer from any kind of allergies, choosing this as an

If you decide you would like to upgrade, there is even more good news: the choices available today are phenomenal.

Make your choices carefully, however, so that you do benefit the most from your selections.

060 new Condo Guide june 29 - july 13, 2013

upgrade can be beneficial to your health. In addition, hardwood is easy to clean, and is definitely a plus when selling a home. This flooring also comes in an amazing assortment of colours and textures nowadays, which is incredible in itself. Then you can add area rugs here and there, and change your look every few years with little financial outlay.

Most experts advise focusing on kitchens and bathrooms when considering upgrades, particularly if your budget is limited. Homebuyers often make their purchase decisions based on these two rooms.

Fortunately, the options are amazing today, with fabulous self-closing drawers, elaborate closet organizers, cabinetry with glass fronts for displaying special dishware, and even paneled appliances. If you happen to buy an open-concept design with a linear kitchen, remember that the kitchen essentially becomes part of the living/dining room.

Paneled appliances look more like furniture and therefore a natural extension of this space. There are oh, so many other things you might want to look at for your kitchen as potential upgrades, such as tall upper cabinets, under-counter valance lighting and useful gadgets like wine fridges. As for bathrooms, people go for a spa look, so we are seeing more marble and sustainable stone flooring and rainwater-type showerheads.

The possibilities are remarkable, with items such as cornice moulding, enhanced wiring, built-in shelving, bullnose edges on counters, extended islands and the like. Think to the future when you may possibly want to sell, and keep in mind that all things being equal between two suites, buyers will typically choose the one with the better finishes.

If hardwood flooring is not standard in your suite and you suffer from any kind of allergies, choosing this as an upgrade can be beneficial to your health.

The moral of the story is to do some research before your colour selection appointment to find out whatâ&#x20AC;&#x2122;s new and innovative in the way of finishes. And pay attention to what the design consultants advise. These professionals are experienced in working with condo spaces. They know their designs and how to choose excellent combination palettes and finishes that match your personality. Enjoy your appointment, and make choices that feel comfortable to you. june 29 - july 13, 2013 new Condo Guide 061

around the house

small spaces, big style

Interior decorator Laura M. Stein makes the most of this small but sweet bachelor pad Good things come in small packages, and what this North York bachelor

pad lacks in square footage, it more than makes up for in style.

The owner, a 30-something bachelor, had been living with bare walls, poor lighting and hand-me-down furniture for almost two years. And following his mother’s advice, he enlisted the help of Toronto-based interior decorator Laura M. Stein to make the space feel like “home.” The goal was to create a comfortable place for relaxing, living and entertaining, but there were some hurdles to work around.

Obstacle #1: Storage “The biggest challenge in designing a small

space is incorporating the maximum amount of storage without sacrificing any other design elements,” says Stein, not that it can’t be done.

It just takes a little imaginative thinking. “You can always find nooks and crannies to store things in the most unexpected places. It’s a fun way to get creative.”

Obstacle #2: Light Lack of natural light can make a small space feel even smaller. “This condo was long and narrow, and had

very little natural light,” Stein says. “When I started, the place seemed

after

Moving into the “meat and potatoes” of the home, better known as the kitchen, this is where the bulk of any makeover budget will go, “but it’s a worthwhile investment,” says Stein. very dark, which made it feel closed-in and dreary, even with all the lights on. I was able to make the space feel bigger by painting the walls in different shades of neutral colours.” To “brighten up” the space, both in terms of light before

continued on page 64…

062 new Condo Guide june 29 - july 13, 2013

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around the house

continued…

after

and style, she created some visual pop by using light cream and contrasting it with bold graphic patterns in rich brown and dark navy.

Obstacle #3: Function VERSUS fashion The HVAC system was

designed to work well, not look good. But Stein came up with a creative solution to transform this eyesore into a subtle feature, thanks to custom panelling that wraps around the HVAC and into the niche with built-in shelving. “It is always a big challenge hiding these systems but still allowing them to be functional. I like to cover HVAC systems with paneling that coordinates with the rest of the walls so they become an interesting part of the room rather than a structural eyesore. Since they are often built out into the room, they create interesting little niches perfect for floating shelves, a built-in storage cabinet or a small writing desk. In this case, the paneling was custom fit with vents to allow for air circulation and a hidden access door to allow for maintenance. Shelving was built into the niche, and the entire area painted to match the adjacent wall.”

Interestingly, this once-obtrusive, highly hated HVAC system is now among Stein’s favourite features. “The paneling on the HVAC system is the only unique architectural element in this space, so I love that it adds something different to the look of the room.”

Moving into the “meat and potatoes” of the home, better known as the kitchen, this is where the bulk of any makeover budget will go, “but it’s a worthwhile investment,” says Stein. “The backsplash tile and counters are usually the show-stoppers, so that’s where I suggest splurging. In this condo, we switched out the granite counter for maintenance-free quartz and found the glass mosaic tile on clearance. While it looks like we put in all new cabinets, we really just switched out the doors and had the rest painted to match. If your cabinets are in relatively good shape, a coat of paint and some new hardware can make all the difference.”

Stein’s design philosophy is that your home should be more than just a reflection of your personality – it is a space to inspire, pamper and enrich your daily experience of living. It’s a philosophy that has very little do to with her, and everything to do with the client.

064 new Condo Guide june 29 - july 13, 2013

before

“My goal for each client is to create a home that is uniquely personal, beautiful and functional for that client and their particular lifestyle. So staying true to my design philosophy really is about making sure a client’s personality is embodied in the design. One of the first things I always tell a new client is, ‘This is not about me. I don’t live in your house.’”

About Laura M. Stein Laura M. Stein Interiors is a Toronto-based firm that specializes in custom interior decorating and design for residential clients.

The firm creates leading-edge designs that are distinctive, dynamic, expressive and livable. Focusing on beauty, comfort and functionality, Laura M. Stein Interiors works directly with clients to address the individual needs of their families, homes and lifestyles.

The firm is run by Laura Stein, an accredited interior decorator who has worked on HGTV’s Designer Guys and Style Dept. She is a member of the Canadian Decorators’ Association (CDECA). lauramstein.com novEMBER 3 - 17, 2012 new Condo Guide 064

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june 29 - july 13, 2013 new Condo Guide 067

in the news

Canadian employment gains strong in May: BMO Economics

May’s furious gain of 95,000 net new jobs in Canada was close to the largest

single monthly gain on record, according to BMO Economics.

“Details of the Canadian Labour Force Survey were uniformly impressive,” says Doug Porter, chief economist, BMO Capital Markets.

“Full-time jobs were up 76,700, private sector employment rose by 94,600 and the jobless rate dropped to 7.1 per cent. As well, the youth category was notably strong with an increase of 54,400 jobs - making the summer job market look much better.”

Porter notes that while these statistics put a much healthier glow on the outlook for Canadian growth, they do not tell the whole story. “No question this is a staggering report.

However, the volatility in Canada’s employment reports puts a massive warning label on this 068 new Condo Guide june 29 - july 13, 2013

release – even with the big move, the threemonth trend is actually a bit below average for job growth. Before racing to conclusions that the economy is suddenly on a tear, note that the spectacular monthly gain simply offsets a prolonged period of softness in Canadian jobs to start the year.”

Regionally, Ontario, Quebec and Alberta accounted for almost all of the gains. Every province east of and including Manitoba saw its jobless rate drop, while the three western provinces reported somewhat higher jobless rates. Ontario and all of Atlantic Canada saw especially large declines in their jobless rates, with Ontario dropping four ticks to 7.3 per cent, versus 7.7 per cent in Quebec and 7.1 per cent nationally.

Among industries, the biggest star was construction – up 42,700, accounting for almost half the gain. Other strong sectors included retail & wholesale trade, management & administration, hotels and restaurants and education. Employment levels in the manufacturing sector, however, fell 14,200, and have now declined 5.5 per cent year over year.

May’s job numbers are in line with the results of a recent BMO Bank of Montreal survey, which found that one-quarter (24 per cent) of business owners expect the size of their workforce to increase this year.

“Canadian companies recognize the level of talent and expertise they need to remain competitive and grow. Business owners are making a commitment to invest more money in their business in order to build human capital, open up new markets and upgrade technologies and processes,” said Steve Murphy, senior vice-president, commercial banking, BMO Bank of Montreal. “Business owners are continually looking for ways to increase their productivity; build out a skilled workforce will help drive performance to the next level.”

june 29 - july 13, 2013 new Condo Guide 069

design inspiration

Toronto is a hub for evolving

David Hirsh is President and CEO of Brandy Lane Corp. Known for his creative and innovative approach to residential design, Hirsh prides himself on his hands-on approach to all stages of the development and building process. The company’s newest community is Wyldewood Cove, coming soon to Collingwood.

Visit brandylanehomes.com

T

hrough our own roster of exceptional architects and by drawing on international talent and inspiration, Toronto is continually evolving to become a leader in design.

Indeed, we are at the forefront of becoming world-renowned. Often defined as a city of cranes, and with our suburban developments experiencing unprecedented demand, we’re in the heart of a healthy market.

This market will create competition and pushes homebuilders to craft architecture that is both striking and innovative.

The introduction of international designers onto the local scene such as Moshe Safdie, Daz Architects and Robert A.M. Stern, is taking local architects to the next level. Our industry “stars” are creating eyecatching architectural details that meet the street in a beautiful fashion.

This international flavour is encouraging us to redefine how our homes relate to their surrounding

070 new Condo Guide june 29 - july 13, 2013

// by David Hirsh

design and infrastructure space. It’s a great time to be living and experiencing this evolution in design!

We can also see this evolution emerging in non-residential construction within the city. For instance, the ROM’s Crystal and Sharp Centre for Design are evidence that we are continually looking to create new iconic world destinations. But, this is about more than just constructing pretty buildings; this is about building infrastructure that works to meet the demands of our changing demographics.

The new TTC expansion, extending the existing subway to the north, will connect to VIVA and GO. Part of this initiative is creating stations and shelters that are distinctive and modern. The new Mirvish/Gehry development will reimagine a block-and-a-half on King Street between John and the Royal Alex.

The three skyscrapers proposed for this site, rising from a glass podium, will feature a distinctly urban rhythm. There is a noticeable movement towards creating public buildings, homes and communities that are more than just structures. They are in themselves, creating a “sense of place.”

Builders add to the fabric of the city. A good builder will see a condominium or new home community as an opportunity to create more than a tower or tract of homes. With a keen eye and understanding of how our development has a snowball effect on future homeowners’ lives and the on-going growth of an area, we are responsible for creating a plan that will allow for the growth of our city and its communities.

Municipal and provincial governments need to show leadership and foresight and encourage dialogue with the development industry if we are to continue on this road. We will attract international talent and push our local designers to the next level only if we communicate. The public needs to be informed, apprised, educated and engaged to understand how development and construction will benefit all of us in the long run.

By creating density, infrastructure has to follow to support the incoming flux of homes and people. With infrastructure comes business, and our economy thrives. If we can maintain a healthy market by building communities and homes that work, we can continue to push the envelope of design. We can continue to create our very own international place. Wow!

A good builder will see a condominium or new home community as an opportunity to create more than a tower or tract of homes.

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june 29 - july 13, 2013 new Condo Guide 071

in the news

Public-private partnerships an important option for improving Canada’s transportation infrastructure: Fraser Institute

Canadian governments should increasingly consider public-private partnerships (P3s) as they confront the challenge of improving Canada’s roads, bridges, railways and other public transportation infrastructure, argues a new report from the Fraser Institute, an independent, non-partisan Canadian think-tank.

“Canadian and international evidence shows that P3s tend to be built on time and on budget, and they typically outperform conventional infrastructure projects,” says Charles Lammam, Fraser Institute associate director and co-author of Using Public-Private Partnerships to Improve Transportation Infrastructure in Canada.

“P3s also provide greater value for money and opportunities for innovation, allowing Canadians to benefit from higher quality infrastructure and often at a reduced cost to taxpayers.”

Using Public-Private Partnerships to Improve Transportation Infrastructure in Canada explains why P3s outperform the conventional process (whereby governments direct every phase of the project separately, including designing, building, financing, operating and maintaining the infrastructure), dispels myths and misunderstandings about P3s, emphasizes the conditions under which P3s are most successful and measures the extent to which P3s are currently used in Canada.

In a P3 infrastructure project, a single private-sector partner is responsible for two or more of the following tasks: design, build, finance, operation and/or maintenance. The project usually lasts several decades.

“P3s are not a form of privatization. The public sector sets the project goals and retains ownership, while the role of the private sector is to meet the government’s quantity and quality requirements – things like highway safety or traffic flow,” Lammam says.

The report notes that the benefits of P3s come from improved incentives for the private-sector partner to provide timely and high-quality results. A key 072 new Condo Guide june 29 - july 13, 2013

feature of P3s is that the private-sector partner takes on some of the project’s risks that would otherwise have been borne by taxpayers. For example, if the risks of construction delays are assigned to the private partner, then the private partner has a stronger incentive to finish the project on time; if not, it loses out on some profit.

“P3 projects that include private financing for up-front capital costs motivate positive performance since the private-sector partner has its own money at risk. With payment conditional on meeting the public sector’s preset criteria and penalties levied otherwise, the private-sector partner has a strong incentive to deliver favourable results,” Lammam says.

The report concludes that to ensure successful outcomes, P3s should be used selectively and employed with proper care on the part of government.

“Rather than blindly encourage the adoption of P3s, governments should focus on establishing a framework in which P3 projects have the ability to succeed and create value for money,” Lammam says.

The report notes that from 1985 to January 2013, Canada had cumulatively planned, started, or completed 59.5 transportation P3 projects (three of which are shared with the United States) at a total cost of US$44.4 billion.

Approximately 60 per cent of those projects occurred in British Columbia and Ontario.

“British Columbia and Ontario are leaders in terms of using the P3 model, but more widespread adoption could improve the design, quality and overall management of Canada’s vast transportation systems.”

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075

finances

Are you and your partner

INVESTING SOULMATES? Wedding season is in full swing and couples need to have the “financial talk” before they take their vows, according to BMO InvestorLine.

“Finances can be one of the most common sources of disagreement among couples and a difference of opinion on money matters can affect everything – from a couple’s household budget, to their retirement investments,” says Cesar Rainusso, vicepresident, BMO InvestorLine. “Ensure you and your new spouse have a ‘prosperous’ financial future by having an open dialogue early on that addresses these financial concerns and how, together, you can turn ‘my money’ into ‘our money’.”

Couples may not always be a perfect match when it comes to their finances and investing strategies. Some situations include: SAVER VS. SPENDER

One partner tends to be a saver and makes regular contributions to savings accounts, including a retirement plan, and try to invest any extra cash. The other may not have a financial plan and spends any extra money.

Helpful tip A couple in this situation would be wise to talk about their financial situation and investing habits early on to prevent friction down the road. They can choose a realistic amount to invest each month towards their goals and set aside a separate amount to spend on themselves and each other. Compromising will ensure the saver has the financial security he/she desires, without leaving the spender feeling deprived of the things he/she enjoys.

076 new Condo Guide june jul 2829- aug - july 25,13,2012 2013

SHARING AND RISK TOLERANCE

Couples often decide to share an investment portfolio, however when it comes to risk tolerance many partners do not match up.

One partner may be a more aggressive investor, investing primarily in risky investments that offer the potential for higher returns, while the other partner prefers investments that are more likely to preserve principal, even if that means earning lower returns.

Helpful tip Diversifying a shared portfolio can help couples meet both investment styles. Selecting a mix of investments such as stocks, for higher returns, and more conservative options like bonds and cash, to insulate against market volatility, can provide couples with a strong portfolio that will meet their shared shortand-long term financial goals.

AGREE TO DISAGREE

There are a variety of strategies individuals employ that make them feel confident and comfortable with the growth of their investment portfolio. While many couples are able to meet in the middle and find something that works for both sides, sometimes a compromise cannot be reached when it comes to investment strategy, the asset mix in their portfolio and how it is managed.

Helpful tip If partners are unable to agree, it may be more beneficial to create separate investment portfolios. With individual portfolios, each partner can be comfortable with his/her investments and how to best manage those assets.

For more information, visit bmoinvestorline.com

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077

in the news

Gemterra Development introduces LOVE Condominiums,

a new community oriented residential experience in Scarborough LOVE Condominiums and Townhomes is bringing a new concept

lifestyle residence to Scarborough. Less expensive than nearby Markham and Richmond Hill, and $200 less per sq. ft. compared to downtown Toronto, LOVE Condominiums are designed with the Scarborough community in mind, offering an exclusive, peaceful, hushed garden oasis in the middle of a buzzing urban centre, purchasers will come home to LOVE through a private landscaped courtyard framed by two towers and 14 townhomes, with 24/7 concierge at the entrance.

Gemterra Development Corp., lead by developer Yan Wang, has brought something unique to Scarborough. Situated beside Tam O’Shanter Golf Course, LOVE Condominiums and Townhomes are at the heart of Scarborough at Kennedy and Sheppard, just down the street from the Chinese Cultural Centre of Greater Toronto, the largest of its kind in North America.

LOVE will overlook a two-tiered greenspace with an exclusive social courtyard offering barbecues and dining and lounge areas where friends and family can enjoy an evening outdoors.

“LOVE Condominium is part of our investment in Scarborough 078 new Condo Guide june 29 - july 13, 2013

and our commitment to the local community – a commitment that is very important to me, my family and Gemterra,” says Yan Wang, vicepresident of Gemterra Development Corp. “Scarborough is a fantastic location and many young professionals and families have started to realize all that it has to offer the vibrant Chinese community.”

LOVE Condominiums offers a range of suites, from one-bedroom to twobedroom plus den with floor-to-ceiling windows and hardwood laminate flooring to enhance the open concept design. Interior designers Tanner Hill and Associates Inc. designed suite interiors to maximize useable square footage, achieved by minimizing corridor space.

Turner Fleischer Architects Inc. designed LOVE Condominiums and Townhomes to reflect the cushion of greenspace in the heart of Scarborough.

Each condominium and townhome features outdoor space with balcony patios – some units with nearly 300 sq. ft. of outdoor space.

LOVE’s indoor amenity building includes swimming pool and whirlpool, men’s and women’s saunas, yoga studio, fitness centre, party room and billiard and entertainment lounge.

LOVE Condominiums and Townhomes is at 185 Bonis Ave., North of Kennedy Rd. and Sheppard Ave. E. The sales centre is open noon to 6 p.m.

Monday to Thursday and noon to 5 p.m.

Saturday and Sunday, located at 2330 Kennedy Rd., Unit G. LOVE Condominiums offers suites ranging from 487 to 860 sq. ft. and are priced from $226,000. LOVE Townhomes are three-bedroom plus den and range in size from 1,374 to 1,729 sq. ft., and are priced from $485,900.

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make your move

How to prepare for the

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

M

oving your worldly possessions involves a lot of organization, and if there’s one thing professional movers understand, it’s to expect the unexpected. In fact, that’s a major reason why many people choose to hand over the task of moving to companies that do this every day. Some do-it-yourself moves go well; others end up unnecessarily stressful because those completing the work don’t anticipate potential glitches. Checklists are great, but every single move is different – and nothing beats experience for transferring household and other goods quickly, safely and efficiently.

For example, if you move in the winter and it’s a snowy, slushy day, how do you protect the floors from water/salt damage at both ends? What about getting large items around hard-tomaneuver corners without marking walls? What if someone gets hurt? Do you know how to pack delicate items such as lamp shades and glassware to eliminate shifting and potential breakage during a long haul? What if the truck breaks down or gets into an accident halfway to your new home?

080 new Condo Guide june 29 - july 13, 2013

// by dan hopkins

unexpected when moving Professional movers have resources to draw upon to anticipate and/ or handle any number of unexpected happenings. Training is a great preventative measure – when you shop for a mover, find out if and how the drivers and moving people are trained. Ask whether they have a “Plan B” in case of vehicle problems, and what you can do to be as prepared as possible when the packing/moving begins.

As tempting as a DIY move may be, think through the consequences. Are you prepared to deal with the possibility of friends or family members not showing up on moving day due to illness or hurting themselves trying to move heavy items? Do you have a back-up plan for extra items in case you misjudge the size of moving vehicle you need? What about plants? Hazardous liquids?

Of course, there are specialty items that require an unusual level of care – pianos, pool tables, grandfather clocks, artwork, antiques and the like. The money you think you’ll save by not hiring a professional mover may end up being spent on repairs if these large and valuable pieces are not handled correctly. Worse yet, irreplaceable items may be lost forever.

And have you thought through unpacking at the other end? On your first night there, you will need bedding, toiletries, towels and some kitchen items. Do you have a plan that includes being able to find those things easily and quickly?

All of these considerations and more are covered in the training that Two Men and a Truck franchisees take part in at what we call Stick Men University in honour of the company logo. Among the many things they learn is how to maneuver, wrap, pack and load items from big-screen televisions to china cabinets filled with breakables.

If you do decide to move yourself, on the Two Men and a Truck website we provide moving tips, a moving checklist and even special things to consider for extremely large items. Give some thought to what might happen along the way and make contingency plans. And be realistic – hiring a professional mover can offer tremendous peace of mind and is money well spent.

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DESIGN DIARY

Addressing your

// by ERICA GELMAN

Condo Windows

Toronto-based interior stylist and designer Erica Gelman, Principal of House of Design, specializes in both large- and small-scale residential design projects throughout Toronto and the GTA. Erica is known for enhancing and creating new possibilities in every space of your home. ericagelman.com

T

rying to create a cosy environment in a hotel-like atmosphere can be exciting and overwhelming at the same time.

Typical condos, especially newbuild suites, have open-concept floorplans, so finding your “starting point” may be a challenge. First and foremost, begin with a plan. The main objective in planning is to keep a consistent flow from room to room, which is ideal in any small space.

Windows are a such strong architectural feature of your condo facade – they may even be why you were drawn to your building in the first place. However, your interior windows may vary in height, width or even scale. Floor-to-ceiling

082 new Condo Guide june 29 - july 13, 2013

windows are fantastic, especially if you are lucky enough to have a remarkable view. However, they can also be quite challenging, and the thought of dressing them can be stressful. I suggest tackling larger essentials in your space first and building around the windows to create a unified look.

There is no such thing as “standard windows” when it comes to condos, so I recommend dealing with any major challenges before you begin your design process. You may have windows that touch the surface of the

ceiling directly, which makes mounting decorative rods a complicated task. However, suppliers and manufacturers have acknowledged this issue and have started to produce fantastic decorative rods that mount right up to the ceiling, leaving you a clean, seamless look.

If you have windows that run the entire length of your unit, or a series of windows, you may consider breaking up the continuous lines by placing stationary panels between them (but only if your series of windows is vertical). This type of design will soften up any harsh lines surrounding the windows and allow you to frame, rather than abstract, your view. If you have higher ceilings and your windows are broken up horizontally, treat them as if they were one unit of

Whether you have planned a more simple approach to design or have decided to go more contemporary or even traditional, a good window treatment will undoubtedly give you that finished, tailored look. windows. Don’t worry if there is a wall gap between them; your drapery will give the illusion of large, long windows and give you expansive volume in your suite.

Once you’ve tackled the challenges of your window design you can concentrate on the aesthetics. Layering is a great way to introduce multiple fabrics, patterns and textures. Whether you have planned a more simple approach to design or have decided to go more contemporary or even traditional, a good window treatment will undoubtedly give you that finished, tailored look – especially if you have your drapery made to order, which I strongly suggest. Your home should reflect your lifestyle and personality; it’s as much about beauty as it is about function. june 29 - july 13, 2013 new Condo Guide 083

condo watch

previews & registrations West Tower

by The Daniels Corp.

Coming soon: The dawn of a new landmark community in Erin Mills.

Web: DanielsErinMills.com

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

Centro Square

by Liberty Development

Upper Village Markham

by Greenpark

A master-planned community in the heart of Woodbridge. Register now for Phase 2.

Web: CentroSquare.ca

The Clairington

by Castleridge Homes

Active adult living in a parkside condominium in Brampton.

Web: TheClairingtonCondos.com

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

Courtyards of Maple

by Marino/Intercity/TriAxis

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

Web: CourtyardsOfMaple.com

Downtown Erin Mills

by Pemberton Group

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

Web: DowntownErinMills.com

Fairground Lofts

by Wycliffe Homes

Urban lofts are coming to Woodbridge Village.

Register now for preview.

Web: FairgroundLofts.ca

Grand Palace

by Guizzetti Corp.

Register now for the timeless art of living!

Now under construction.

Web: GrandPalace.ca

Park City Condominiums

By Tobyn Park Homes

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

Register now.

Web: ParkCityLiving.ca

Pinnacle Uptown

by Pinnacle International

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

Web: PinnacleUptown.com

Rain Condominiums

by Empire Communities

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

Web: RainCondos.com

084 new Condo Guide june 29 - july 13, 2013

Skycity Condominiums

by Pemberton Group

Now registering, UV2 – the North Tower.

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

Web: UV2.com

Windows on the Green

by Vandyk Communities

A beautiful selection of condos coming soon to Mississauga on Erin Mills Parkway.

Web: WindowsOnTheGreen.ca

Legacy Park

by Liberty Development

Register now for the Grand Finale at Thornhill City Centre – iconic architecture, urban suite designs and fabulous park views.

Web: LegacyParkCondos.com

new releases & grand openings Allegra

by Nova Trimax

Affordable luxury, steps from the Village of Woodbridge. Construction started on Phase 1.

Web: AllegraCondos.com

Garden Court Condos

by Monarch

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

PSV2 & Parkside Village Townhomes

by Amacon Developments

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

Grand opening.

Web: LifeAtParkside.com

GTA Edition June 29 - July 13, 2013

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

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

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Price Range

Page

Finder

905-828-4257

•

from $278,000

26

16M

17 Pemberton Group

Downtown Erin Mills Condominiums PembertonGroup.com

•

from $320,000

9

6C

30 Pinnacle International

Pinnacle Grand Park 2

905-276-3981

•

from $250,000

89

20L

45 Empire Communities

Rain Condominiums

raincondos.com

•

from $260,000

91

17Q

•

from $250,000

16M

1

Pemberton Group

Miracle in Mississauga

905-603-6300

2

The Daniels Corporation

FirstHome™ Long Valley Phase Two

905-814-0123

•

from $279,000

15M

3

Castle Group

Tuscany Gates

905-501-9557

•

from $340,000

20J

4

Conservatory Group

Mirage

905-232-2400

•

from $250,000

20K

5

AMACON

PSV2

905-273-9333

•

18M

6

Conservatory Group

Widesuites

905-897-8536

•

from $375,000

21K

8

Fernbrook Homes

Absolute Vision

905-803-0556

•

from $188,000

21k

8

Cityzen

Absolute Vision

905-803-0556

from $188,000

21K

•

21K

•

10 AMACON

The Residences at Parkside Village

lifeatparkside.com

12 Alterra Homes

Renaissance in Olde Brampton

905-454-7222

•

from $215,000

13d

12 Alterra Homes

Renaissance in Olde Brampton

905-454-7222

•

$215,000

13d

14 Pemberton Group

Rosedale Village Golf & Country Club

905-799-5000

•

from $190,000

12e

16 Vandyk Communities

Windows on the Green

905-822-3333

from $270,000

17M

18 Retirement Lifestyle Communities

Palisades on the Glen

905-820-8210

•

from $290,000

17M

19 United Lands

Stonebrook II

905-822-8858

•

22n

21 Casino Bay Dev. Corp./Toddglen

Panoramic Point at Brewery Bay

27 Inzola Group

•

1-866-611-5525

•

from $264,000

7Q

Park Place

905-451-7001

•

from $310,000

14G

30 Pinnacle International

Pinnacle Grand Park

905-276-3981

•

from $250,000

20L

31 Pemberton Group

Bluwater Condos

416-987-8800

•

from $350,000

17T

32 Armour Heights Developments

River’s Edge

905-533-2400

•

from $285,000

14A

34 Pinnacle International

Pinnacle Uptown, Crystal 2

905-568-9000

•

from $250,000

19K

35 Ashley Oaks Group

Emporium at Joshua Creek

905-618-0660

from $200,000

17P

36 Mady Development

Market Town Condominiums

705-719-1222

•

from $144,000

5r

38 Tridel Corporation

Metrogate - Ventus 2

416-293-5535

•

•

from $302,000

19J

38 Tridel Corporation

Ventus at Metrogate

416-293-5535

•

•

$344,000

19J

39 The Daniels Corporation

Limelight Condominiums

905-306-6996

•

from $200,000

21L

46 Mattamy Homes

The Mount Pleasant Village

mattamyhomes.com

•

from $200,000

20M

47 The Daniels Corporation

Daniels Erin Mills

•

17M

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

•

905-306-6996

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

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

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

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Price Range

Page

Finder

13 Liberty Development Corp.

Legacy Park

905-731-8302

•

32 Liberty Development Corp.

Royal Gardens

905-889-9997

•

from $279,000

36-37

14f

43 Guizzetti Developments

Grand Palace

905-907-4370

•

from $295,000

93

12E

44 Liberty Development Corp.

Centro Square Condos 2

905-851-8877

•

34

4G

45 Kylemore Communities

The 6th Angus Glen

905-887-9950

•

81

19E

46 Empire Communities

35

10g

The Mark

themarkcondos.ca

•

from $250,000

45

21E

1

Monarch Corporation

Garden Court

monarchgroup.net

•

from $250,000

16D

2

Flato Development

Arthouse

from $200,000

22E

3

Remington Group

Downtown Markham - Rouge Bijou

905-948-9900

•

from $180,000

18f

4

Tridel Corporation

Renaissance of Richmond Hill

416-736-9500

•

from $720,000

12G

5

State Building Group

Promenade Park

905-709-3352

•

from $410,000

10g

6

Uppercity Village

Greensborough Village

905-489-9964

7

MintoUrban Communities Inc.

WaterGarden

416-915-3800

8

Catalia Development

Summer Palace

9

Amicorp

Terraces on the Park

10 Great Lands Corp.

The Beverly Hills Resort Residences

905-882-6636

11 Triaxis Development Inc/Marino Developments

Courtyards of Maple

416-798-7070

•

from $390,000

8E

12 Greenpark Homes

UV2

UV2.ca

•

from $248,000

22F

20 Solmar Development Corp

Bellaria Residences

905-417-8482

•

from $240,000

7e

22 Quadra Mgt. & Sceptre Devs.

Renaissance Court at Woodbridge Gates

905-851-4220

•

from $230,000

3G

22 Wycliffe Homes

Fairground Lofts

905-605-5900

•

from $287,000

3G

24 Liberty Development Corp.

The Fountains

905-731-8302

•

from $272,000

10F

26 Rice Development

Ambria

905-796-3630

•

from $340,000

3F

28 Chestnut Hill Homes

San Francisco by the Bay

905-831-3631

•

from $180,000

22C

31 Pemberton Group

Miracle at Yonge

905-709-5700

•

from $280,000

12F

31 Pemberton Group

Sky City

905-709-5700

•

from $320,000

12F

31 Pemberton Group

Sky City 2

905-709-5700

•

from $320,000

12F

32 Signature Communities

TAO Boutique Condos

905-597-2535

•

from $200,000

14F

34 Sierra Homes

68 Main Street

905-305-0822

•

from $250,000

22F

35 Remington Group

Nexus North Condominium Residences

905-948-9900

•

from $200,000

17F

40 Nova Trimax

Allegra

905-850-6866

•

from $250,000

1F

41 Quadcam Development Group Inc

Vista Parc Condominiums

905-850-8883

•

42 Greenpark Homes

The Upper Village

905-554-6501

•

from $288,000

21E

44 Liberty Development Corp.

Centro Square Condos

905-851-8877

•

4G

44 Liberty Development Corp.

Corporate

mylibertycondo.ca

•

4G

*TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

arthousemarkham.com

•

from $249,000

23e

•

from $254,000

11G

905-597-6868

•

from $250,000

15F

905-265-8739

•

from $210,000

3f

from $250,000

13F

•

•

3F

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

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

in the news

Rain Condos moves heritage houses for new condo

Empire Communities not only builds houses, now they move them!

With Rain Condos now under construction, it became necessary to move the two heritage houses – The Smith Houses – that sit on the building site, to a safer place. Empire has committed to preserving these two heritage homes, which are said to be the only two surviving homes in the area built using remnants of shale from Lake Ontario.

Located at 531 and 533 Kerr St., the first home was built by Scottish immigrants, The Smiths, in 1911 to look like their parents’ 200-year-old home in Aberdeen, Scotland. The second home was constructed in the 1930s.

Located on the northeast corner of Kerr Street and Speers Road in Oakville, Rain Condos is an elegant two-tower, master-planned community that will become the northern gateway to the vibrant and revitalized Kerr Village. A five-storey podium will connect the North and South towers, which will rise 19 and 21 storeys, respectively.

Now, for a limited time, Rain Condos is making it easier than ever to own a new condominium. Purchasers can buy a suite with only five-per-cent deposit. In addition, those who purchase at Rain Condos will receive $10,000 off the purchase price or one year free maintenance and taxes.

Available suites range from just less than 400-sq.-ft. studios, up to spacious 1,030-sq.-ft. two-bedroom plus den designs that come complete with wraparound balconies. All suites feature glass balconies or terraces and architects Enzo Corazza and John Chimienti, from the award-winning firm Graziani + Corazza, designed the community to create maximum exposure to sunlight and panoramic views, while also providing a sense of privacy.

Amenities at Rain Condos epitomize the benefits of a carefree lifestyle residents enjoy with condominium living, including a 24-hour concierge, indoor pool and relaxing whirlpool and cold water plunge, exercise room and yoga and pilates studio. Residents will 090 new Condo Guide june 29 - july 13, 2013

enjoy entertaining in the party room in rich wood tones highlighted by a soothing linear fireplace. There is a full kitchen and private dining area, and a landscaped 6,000-sq.-ft. rooftop terrace complete with privacy cabanas, a barbecue and seating areas. There is also an entertainment room.

Prices at Rain Condos start from $259,000.

Situated within easy walking distance to Oakville’s sophisticated downtown core and its quaint waterfront Village of Bronte, residents at Rain Condos will enjoy everything from luxury brandname fashions and one-of-a-kind antiques to fine-dining establishments, charming cafés and grocery stores.

Rain Condos’ excellent location makes it easy to get around, with GO Transit, the QEW and Lakeshore Road all minutes away.

Visitors to the presentation gallery can get a sense of what life will be like at Rain when they tour the fully furnished model suite designed by Bryon Patton and Associates, showcasing the sleek kitchen with warm granite counter and stainless steel appliances.

To learn more about all life has to offer at Rain, visit raincondos.com or call 905-845-RAIN (7246).

Presentation hours are Monday to Friday noon to 6 p.m., Saturday, Sunday and holidays noon to 5 p.m.

the forecast in oakville calls for rain.

NOW CONS UNDER TRUC TION

The city’s most successful master-planned community is NOW UNDER CONSTRUCTION. Own at Oakville’s best-selling master-planned condominium community with ONLY 5% Innovative suite designs, great views and resort inspired amenities that are second to none.

Tour the designer Model Suite today!

DEPOSIT.*

FANTASTIC SELECTION OF SUITES AVAILABLE FROM $259,990** LIMITED TIME INCENTIVE: $10,000 OFF THE PURCHASE PRICE OR 1 YEAR FREE MAINTENANCE & TAXES*

WHERE IN THE EMPIRE DO YOU WANT TO LIVE?

HWY 403/QEW WYECROFT RD.

KERR ST.

DORVAL DR.

**Prices & specifications are subject to change without notice. Rendering is artist’s concept. *Some restrictions apply, see Sales Representative for details. Exclusive listing brokerage: TFN Realty Inc. Brokers Protected. E.&O.E.

CORNWALL RD.

SPEERS RD.

LAKESHORE RD.

LAKE ONTARIO

TRAFALGAR RD.

RAINCONDOS.COM s 905-845-RAIN (7246)

Hours: Mon-Fri 12-6, Sat, Sun & Hol 12-5 521 Kerr St., Oakville, L6K 3C9

@EmpireRain /EmpireRainCondos june 29 - july 13, 2013 new Condo Guide 091

in the news

Standard lowrise residential

sprinkler system a first in Ontario Vaughan Fire Rescue Service, in collaboration

with Townwood Homes and The Co-operators, is pleased to be part of a first in Ontario lowrise residential sprinkler system announcement. Townwood Homes has announced the implementation of two ground-breaking public safety initiatives as standard inclusions at its Mackenzie Ridge Terraces: garage heat detectors and fire sprinklers in all the homes.

“As a city that is committed to improving the quality of life for everyone, I am proud that Vaughan will be the first municipality in Ontario where these important safety initiatives will be implemented,” says Mayor Maurizio Bevilacqua. “I offer my congratulations to Townwood Homes on the leadership role it is taking to keep families safe in their homes. By working together with Vaughan Fire and Rescue Service, this builder is taking progressive steps to reduce the instances of deadly home fires.”

To provide early detection, garage heat detectors will be installed and connected to the in-home smoke alarm system in the 136 executive townhomes and six semi-detached homes at Mackenzie Ridge Terraces, Townwood’s newest ravine-setting community in Vaughan. An alarm will sound throughout the house if a fire starts in the garage.

Through consultation and collaboration with Vaughan Fire and Rescue Service, Townwood realized seconds count and decided to also include residential fire sprinklers as a second line of defence.

“Vaughan Fire and Rescue Service is pleased Townwood Homes is taking action to mitigate the risks of home fires in 092 new Condo Guide june 29 - july 13, 2013

Vaughan. In addition to reducing the destruction home fires can cause, sprinkler systems also keep families and firefighters safer in the event of a fire,” says Acting Fire Chief Larry Bentley.

A controlled burn demonstration at the event showed the effectiveness of home sprinklers. Two side-by-side units containing household furniture were lit on fire by Vaughan firefighters. The fire in the unit with the sprinklers was contained and defused in a couple of minutes, while the fire in the unit without sprinklers spread and burned until firefighters put out the flames.

“Townwood is proud to be the first production builder in Ontario to spearhead this important lowrise public safety initiative, which is in keeping with our ‘always the leader’ philosophy,” says Marcello Messersi, vice-president of Townwood Homes. “Townwood’s large number of repeat buyers and next-generation purchasers is a testament to our long tradition of caring for the well-being of our purchasers, and for providing leading-edge design and innovative construction techniques.”

“As an insurance company, we see first-hand the tragic consequences of house fires and we know what a difference fire sprinklers can make,” says Kathy Bardswick, president and CEO of The Co-operators. “We believe fire sprinklers should be installed in every newly built home because they make families and their property much safer; that is what our discount acknowledges. We commend Townwood Homes on their leadership.”

NO

WU

Escape to our

ND

ER

CO

NS

TR U

CTI

indoor garden ...

and love winter again

STARTING FROM

Winter Garden Lobby

$295,000*

Indoor Pool & Spa

LIVE FREE

FOR A YEAR PROGRAM*

$10,000 on closing to put towards your mortgage or use as you wish We pay your maintenance fee for one year from occupancy date 15% Easy Deposit structure

RICHMOND HILL’S MOST ANTICIPATED LUXURY CONDOMINIUMS

*Ask for details.

WINTER GARDEN LOBBY | 24-HOUR CONCIERGE | SPA / FITNESS STUDIO | YOGA STUDIO | SAUNA | POOL PARTY ROOM / CONFERENCE ROOM | GUEST SUITE | SUNBATHING TERRACE | RETAIL SHOPS

Visit our presentation centre today.

YONGE ST.

WELDRICK RD.

BAYVIEW AVE.

MAJOR MACKENZIE DR.

16TH AVE.

PRESENTATION CENTRE

9612 Yonge St. Richmond Hill 905.907.4370 www.grandpalace.ca

Exclusive listing: Royal LePage —Your Community Realty Brokerage Broker Protected E&EO. Prices and Specifications are subject to change without notice. Illustration is artist concept. june 29 - july 13, 2013 new Condo Guide 093

ON

quick tips

Disciplined delegator

// by hellen buttigieg

or drill sergeant?

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

Contact Hellen at 905.829.2219 or info@weorganizeu.com

hether you live alone or have a full house, there’s no reason you can’t have organization. The difference is, when it’s just you on your own, it takes discipline, while when living with others everyone has to do their part. You should be able to teach organizational systems and delegate responsibilities so that everyone in the family has a part in keeping the house in order, whether it’s your spouse putting the mail and paid bills in the right folders or the kids putting their toys back in the right place. You shouldn’t have to be the drill sergeant – repeating the same requests week in and week out. Everyone needs to learn to do their part and work together to keep the house in top shape.

Provide a personalized “go-to” bin for each member of the family for things that don’t belong in the room. It keeps items together but out of sight until they’re returned to their proper place. Reserve a few minutes every day, perhaps before dinner, to do the “dash.” Each person empties his or her bin by returning the contents to the right place.

The “go-to” bin

Complementing the “go-to” bin, create a family mail centre to manage paper flow. Create in-boxes for each member of the family.

These can be anything from wall-mounted pockets to magazine holders on a shelf. Keep them easily accessible. When paperwork comes into your home, sort it into each family member’s box. Items that need to be signed for school go into a parent’s box.

The “in-box”

You should be able to teach organizational systems and delegate responsibilities so that everyone in the family has a part in keeping the house in order, whether it’s your spouse putting the mail and paid bills in the right folders or the kids putting their toys back in the right place 094 new Condo Guide june 29 - july 13, 2013

We’ve all heard that opposites attract, but if your partner’s organizing style is drastically different from yours, it can be frustrating for both of you. Before you are tempted to try and change your behaviour (or his/hers), keep in mind that the change will be short-lived if you are getting organized for someone else’s approval, but will last if you do it because you value the relationship.

Someone else’s clutter got you down?

In many homes, seldom-used flat surfaces often become drop zones for mail, books and any other items that don’t have a home. To save your table from becoming a breeding ground for clutter, bring out the china and silverware and set it for a formal dinner. It will be nicer to look at than a mountain of clutter and will actually prevent people from piling their possessions on it.

Has your dining room table become a dumping ground?

Clear a shelf in a bookcase near the back entrance and designate the area as a special place to corral items each family member must have to leave the house. For kids, it will Leave the house with everything you need

serve as home to permission slips, lunch boxes, homework, library books and projects. For adults, it will hold handbags, briefcases, car keys and dry cleaning. Add a different-coloured plastic dishpan for each family member or use attractive square baskets clearly labeled with each person’s name. When family members come home, they can toss their belongings into their basket until they need them again the next morning.

His and hers filing systems minimize

If you share a filing system with your spouse, how’s that working for you? Often, couples have different organizing styles. To keep the peace, consider having separate filing systems. If you pay the household bills, keep those documents in your filing system and if your partner takes care of household repairs and receipts, they can keep track of that in their own filing system. Another option is to acknowledge your differences and assign the task of filing and retrieving documents solely to the person who is most comfortable with it. conflict

On schedule Keep a family calendar to keep track of everyone’s activities. Designate a central location where everyone can see it. Let each family member choose a colour and have each person enter their activities (if they are old enough) on the schedule using their colour.

Reduce stress and frustration in the mornings by preparing the night before, when you’re not feeling as rushed. Decide what you are going to wear, make sure it’s clean and pressed, and lay it out with any accessories you plan to wear with it. It only takes a few minutes but will save you so much time and aggravation in the morning. Encourage your spouse and children to start this habit too, and enjoy more morning time.

Preparation

june 29 - july 13, 2013 new Condo Guide 095

in the news

Construction begins at

Tao Boutique Condos Ground has been broken and construction has begun at Tao Boutique

pictured

Condos,

Tao Condos construction is underway. Left to right: Richmond Hill Councillor Nick Papa, SigNature’s Sebastian Mizzi, Councillor Carmine Perrelli, Councillor Greg Barros, SigNature’s Anthony DiBattista, and Mayor Dave Barrow officially broke ground on the site of the seven-storey building on Bayview Ave. in Richmond Hill.

a seven-storey building on Bayview Ave. in Richmond Hill by SigNature Communities.

In April, just one thing stood in the way of construction beginning – a retail plaza. But the obstacle didn’t last long. Demolition began in early April, marking the building’s first construction milestone.

With 75 per cent of the building’s inventory sold and construction now underway, potential purchasers are now able to buy at Tao for only $15,000 down, making it easier than ever to live at one of Bayview’s most desirable new addresses.

“On-site demolition is an exciting first step to Tao becoming a reality,” says Sebastian Mizzi, vice-president of SigNature Communities. “We can’t wait for our purchasers to move into their new condos, take advantage of everything the building has to offer and create a community here.”

As part of the demolition, SigNature took on the duty of moving and preserving the historical building on the property that once served as Tao’s presentation centre. The George Quantz House was moved to the north end of the condo’s compound and will remain a retail space.

For more than 30 years, SigNature Communities has focused on largescale projects throughout Canada, the United States and the Caribbean.

Each project is bold, distinct and built with respect for the environment.

The Tao presentation Centre has moved to 8750 Bayview Ave., Unit 4, Richmond Hill, next to the Starbucks. For more information on Tao Condos or to book an appointment, call 905.597.2535 or visit taocondos.ca 096 new Condo Guide june 29 - july 13, 2013

ONE YEARLIP TS FREE BOAAGE & STO.R$5,000

CONSTRUCTION STARTING SOON

APPROX VALUE*

DROP IN & TOUR OUR ALEX-CHAPMAN DESIGNED MODEL SUITES TODAY.

Whether you’ve lived in Port Dalhousie for much of your life… or whether you’ve always wanted to live in this kind of waterfront location, Port Place offers you a once-in-a-lifetime opportunity to enjoy a carefree condominium lifestyle like no other!

STARTING FROM

$297,990

ST. CATHARINES

SPECIAL LIMITED-TIME BONUS OFFER: Reduced prices for next 20 12 purchasers only.

PORTPLACECONDOS.COM

905.937.5811

Sales Centre Hours: Monday to Friday: 1pm to 7pm, Saturday & Sunday: 11am to 5pm *For a limited time only, the Port Dalhousie Marina is offering a special bonus for boaters with ONE YEAR’S FREE BOAT SLIP & STORAGE – valued at $5,000 – to purchasers at Port Place who wish to berth their pleasure boat just steps from their new home. Talk to a Sales Rep for complete details. Prices and specifications are subject to change without notice. E.&O.E.

june 29 - july 13, 2013 new Condo Guide 097

condo watch

new releases & grand openings 36 Hazelton

by Alterra

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

Web: 36Hazelton.com

101 Erskine

by Tridel

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

Web: Tridel.com/101erskine

Avani at Metrogate

by Tridel

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

Web: Tridel.com

416

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

The Bond

by Lifetime Developments

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

Web: TheBond.ca

E Condos

by RioCan, Bazis, Metropia

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

Web: ECondos.com

Exhibit

by Bazis, Metropia, Plaza

Limited edition penthouse collection at Bloor and Avenue Road.

Web: Bazis.ca

Fuse 2

by Neudorfer Corporation

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

Web: FuseCondos.com

Gramercy Park

by Malibu

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

Web: GramercyPark.ca

Imperial Plaza

by Camrost Felcorp

New suite release at Yonge and St. Clair.

Book your private appointment today.

Web: ImperialPlazaToronto.ca

Lago

by Monarch

Now under construction, at one of Etobicoke’s final urban waterfront settings.

Web: MonarchGroup.net

Ivory

by Plaza

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

Web: PurePlaza.com

Life Condominiums

by Chestnut Hill Homes

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

Web: LifeCondos.ca

The Madison

by Madison Homes

Grand opening of Top Floors at Yonge and Eglinton.

Web: MadisonCondos.ca

One Bloor

by Great Gulf

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

Web: OneBloor.com

Picasso

by Monarch Corp. & The Goldman Group

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

Web: MonarchGroup.net

Post House

by Alterra

Construction underway at this boutique condo in the St. Lawrence Market neighbourhood.

Web: PostHouseCondos.com

Rise

by Reserve Properties

Downtown living at a mid-town price.

Grand opening and new release.

Web: RiseCondos.com

River City 2

by Urban Capital

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

Web: RiverCityToronto.com

Vivid

by Pemberton Group

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

Web: VividCondos.com

X2 Condos

by Lifetime & Great Gulf

Sophisticated condominium now under construction at Jarvis and Charles.

Web: X2Condos.com

Monde

by Great Gulf

New release of boardwalk suites along Toronto’s waterfront.

Web: MondeCondominiums.com

continued on page 106…

098 new Condo Guide june 29 - july 13, 2013

GTA Edition June 29 - July 13, 2013

Your complete source for condos, lofts and townhomes in Toronto

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

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

# Builder 2 Great Gulf Homes 4 Tridel Corporation 6 Cresford Development Corp.

7 The Daniels Corporation 10 Empire Communities 16 Freed 21 Easton’s Group 21 Remington Group 23 Tribute Communities 32 Madison Homes 37 Cresford Development Corp.

52 Cresford Development Corp.

58 Great Gulf Homes 66 Emsatec Canada Inc 85 Harhay Developments 85 Carttera 117 Bazis Inc. 117 Metropia 117 Plaza 120 The Daniels Corporation 124 Pinnacle International 129 Concert Properties 131 Lanterra Developments 131 Tridel Corporation 133 Tribute Communities 140 Eden Shaw 140 45 Charles Ltd. 149 Camrost - Felcorp 171 Camrost - Felcorp 179 Graywood Developments 179 Mod Developments Inc. 189 The Daniels Corporation 192 MintoUrban Communities Inc. 200 Freed 200 Carttera 202 Bazis Inc. 202 Rio Can 202 Metropia 206 Mod Developments Inc. 215 Dundee Kilmer Developments

Menkes Developments Inc. 1 Goldman Group & Lash Dev. Corp.

1 Goldman Group & Lash Dev. Corp.

1 Goldman Group & Lash Dev. Corp.

3 Concord Adex 3 Concord Adex 3 Concord Adex 3 Concord Adex 3 Concord Adex 4 Gairloch Investments 5 Onni Group of Companies 5 Onni Group of Companies 8 Cresford Development Corp.

8 Cresford Development Corp.

8 Cresford Development Corp.

8 Cresford Development Corp.

9 Aspen Ridge Homes 11 Menkes Developments Inc. 11 Menkes Developments Inc. 12 North Drive Investment 13 Streetcar Development 14 Canalfa Group 14 Canalfa Group 15 Urbancorp Development Corporation 17 Malibu Investments Inc. 18 Urban Capital 18 Urban Capital *TH: Townhomes, C: Condo

Site Telephone TH* C* Price Range Page Finder Yonge+Richmond 416-492-7420 • from $270,000 17 16K Aqualina at Bayside Toronto 416-514-2710 • IFC 16E Merton Yonge Condominiums 416-484-1900 • from $320,000 127 14e High Park Condominiums 416-351-1844 • from $300,000 31 8L The HUB 416-408-1200 • from $220,000 6 9F 155 REDPATH 647-291-0041 • from $250,000 107 14D King Blue Condominiums 416-599-1355 • from $250,000 69 12N King Blue Condominiums 416-599-1355 • from $250,000 69 12N The College 416-363-4800 • from $320,000 59 M14 The Madison 416-482-8090 • from $420,000 73 14E Lofts 399 416-867-3999 • from $390,000 128 14L CASA III 416-977-1100 • from $240,000 IBC 15L Monde 416-466-8885 • from $280,000 22-23 17M The Brownstones 5 416-531-7760 • from $320,000 117 9I One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 57 13M One Eleven Condominiums & Lofts oneeleven.ca • from $250,000 57 13M Exhibit Definitive Residences 416-967-7778 • from $320,000 27 14i Exhibit Definitive Residences 416-967-7778 • from $320,000 27 14i Exhibit Definitive Residences 416-967-7778 • from $320,000 27 14i One Park Place Condominiums 416-955-0559 • from $320,000 15 18J The Pinnacle on Adelaide 416-596-1600 • 115 15M 88 Scott 416-216-8588 • from $400,000 75 17M Riverhouse at the Old Mill 416-766-7343 • from $520,000 25 5L Old Mill 416-645-7022 • from $493,000 BC 5L RCM I on University 416-363-4800 • from $393,000 59 14M Chaz 416-922-0045 • from $320,000 49 16J Chaz 416-922-0045 • from $320,000 49 16J Imperial Plaza 416-925-2501 • from $399,000 3 15I Yorkville Plaza 416-966-3003 • • from $350,000 1 14H Five Condos 416-928-0555 • • from $250,000 55 15J Five Condos 416-928-0555 • • from $250,000 55 15J Cinema Tower Condominiums 416-203-2020 • 47 14M 30 Roe 416-915-3812 • from $324,000 63 14D SIXTY Colborne 416-601-0060 • from $300,000 67 16L SIXTY Colborne 416-598-7775 • from $300,000 67 16L E Condos 416-243-8688 • from $320,000 5 14E E Condos 416-243-8688 • from $320,000 5 14E E Condos 416-243-8688 • from $320,000 5 14E The Massey Tower 416-966-0197 • • from $320,000 51 16L Canary District Condominiums 416-603-7576 • from $250,000 65 18L Harbour Plaza menkes.com • Insert 530 St. Clair Ave. West 530condos.com • from $344,000 12H 500 St. Clair Ave. West 416-868-0500 • from $260,000 12H the rushton rushtonliving.com • from $344,000 12H ParadeTWO Tower Residences 416-813-0999 • from $287,000 15M Grand Parade 2 at Concord CityPlace 416-813-0999 • 15M ParadeTWO Park Collection at Concord CityPlace 416-813-0999 • from $308,000 15M Quartz 416-813-0999 • • 15M Spectra 2 416-813-0999 • • 15N 383 Sorauren 383sorauren.com from $300,000 9L Garrison at the Yards 416-260-2600 • from $190,000 14n West Lake 416-260-2600 • from $240,000 14N NXT 2 416-977-5300 • • from $300,000 8N NXT2/Phase Two 416-977-5300 • • from $210,000 8N Corporate 416-977-5300 • • from $300,000 8N NXT 416-977-5300 • • from $300,000 8N VU 416-970-9500 • • from $370,000 16L Pears on the Avenue 416-323-0100 • from $381,000 14I 365 Church menkes.com • 14I The High Park 416-670-3699 • from $300,000 8L Trinity Lofts 416-690-2988 • from $330,000 19l Liberty on the Park Condominiums 416-537-0047 • from $363,000 12N Liberty Place 416-537-0047 • • from $170,000 12N Westside Lofts 416-516-5848 • from $180,000 12m LTD 416-601-2223 • from $310,000 14M River City 416-862-0505 • • from $250,000 18L River City 2 416-862-0505 • • from $250,000 18L

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

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

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

Builder

Site

Delpark Homes Menkes Developments Inc. Tower Hill Development Corporation Monarch Corporation Tridel Corporation Greenpark Homes Pinnacle International Pinnacle International Tower Hill Development Corporation Conservatory Group Conservatory Group Cresford Development Corp.

Cresford Development Corp.

Cresford Development Corp.

Times Developments Inc. MintoUrban Communities Inc. MintoUrban Communities Inc. Lanterra Developments Lindvest Pemberton Group Lamb Development Corp.

Context Development Inc. E-Park Development Neudorfer Corporation Madison Homes State Building Group Freed Freed Carlyle Communities Empire Communities Lamb Development Corp.

Lamb Development Corp.

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

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

Longo Corporation Lamb Development Corp.

Graywood/Beaverhall Development Aspen Ridge Homes Cityzen Fernbrook Homes Fernbrook Homes Lamb Development Corp.

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

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

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

*TH: Townhomes, C: Condo

Telephone

TH* C*

Price Range

Page

Broadview Villas 416-429-7888 • from $490,000 Fabrik 416-591-7700 • from $250,000 2221 Yonge 647-350-2221 • from $200,000 Picasso on Richmond 416-495-3549 • from $280,000 Ten York 416-596-9888 • Axiom Condominiums axiomcondos.ca • from $200,000 Success Tower at Pinnacle Centre 416-360-0673 • from $750,000 33 Bay Residences at Pinnacle Centre 416-925-3325 • Churchill Park Condominiums 416-966-9080 • from $900,000 Infinity Condominiums 416-214-1988 • from $250,000 Milan 416-928-7409 • from $520,000 CASA 416-977-1100 • from $710,000 The Bloor St. Neighbourhood 416-977-1100 • from $600,000 CASA 2 416-977-1100 • from $250,000 The 500 Condos + Lofts 416-960-0606 • from $400,000 King West 416-367-5464 • from $210,000 775 King West 416-367-5464 • from $330,000 3018 Yonge In Lawrence Park 3018yonge.com • from $390,000 B Streets 416-532-6636 from $300,000 The Uptown Residences 416-987-3500 • from $950,000 The Brant Park 416-703-7271 • from $250,000 King West - The Lanes contextkingwest.ca • from $250,000 Foundry Lofts 416-531-7760 from $399,000 Brownstones 416-531-7760 • from $300,000 The Upper Canada Condominium 416-489-5194 • from $1800,000 The Upper Canada Condominiums 416-489-5194 • from $1.8,000 455 Adelaide West - Fashion District Lofts 416-603-6166 • • from $280,000 Fashion House 416-366-0560 • from $250,000 Beach Hill Residences 416-422-0880 • • from $200,000 Schoolhouse 416-979-1333 • from $595,000 Worklofts 416-368-5262 • from $243,000 Flatiron Lofts 416-368-5262 from $243,000 300 Front Street West 416-217-0300 • from $324,000 Reve 416-514-2710 • from $334,000 Pier 27 Waterlink 416-367-3456 • from $300,000 Condos at The Distillery 416-361-1322 • from $400,000 One Bloor Residences 416-922-0081 • from $535,000 Block liveatblock.com • The King East 416-368-5262 • from $300,000 East Condos & Lofts 416-368-5262 • from $310,000 King West kingwestlife.com • from $346,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Four Seasons Private Residences Toronto 416-775-7500 • from $1900,000 Seventy Seven Charles Yorkville 416-203-7034 • from $2100,000 Market Wharf 416-861-8181 • from $260,000 Library District Condominiums 416-861-8181 • from $222,000 Brownstones in Davenport Village 416-531-7760 from $245,000 Brownstones on the Park 416-531-7760 • from $260,000 Charlie 416-927-9772 • from $251,000 Ivory On Adelaide 416-862-0888 • from $279,000 Fly Condos 416-979-1333 from $310,000 Condo Living Store 416-979-1333 • U Condominiums 416-546-6605 • from $250,000 One Park West 416-955-0559 • from $406,000 Paintbox Condominiums paintboxcondos.ca • Festival Tower 416-203-2020 • from $350,000 X2 416-927-0080 • from $303,000 X2 416-927-0080 • from $303,000 Bisha Hotel & Residences 416-637-2211 • from $300,000 Art Condos 416-535-7775 • from $530,000 Two Old Mill 416-645-7022 • from $356,000 1717 Avenue Road 416-430-1717 from $1550,000 1717 Avenue Road 416-430-1717 • from $1295,000 Queen & Portland 416-363-4800 • from $315,000 5 St. Joseph 416-928-0555 • • from $250,000 5 St. Joseph 416-928-0555 • • from $250,000 DNA 3 416-929-1030 • from $220,000 Post House Condominium 416-964-2777 • from $350,000 Downtown 416-598-5088 • from $210,000 12 Degrees 416-408-1200 • from $350,000 The Berwick 416-922-9425 from $280,000 The Grove 416-824-3390 • from $840,000 Riverside Towns 416-214-2000 • from $400,000 Riverside Towns 416-214-2000 • from $400,000 KEW Beach Living 416-690-0101 • • from $350,000 KEW Beach Living 416-690-0101 • • from $350,000 The Mercer 416-597-6940 • from $350,000 Studio on Richmond 647-352-7736 • from $300,000 Backstage on the Esplanade 416-777-2533 Backstage on the Esplanade 416-777-2533 Vero verocondos.ca from $250,000 Theatre Park 416-422-0333 • from $380,000 Theatre Park 416-422-0333 • from $490,000 Tableau Condominiums 416-591-8887 • • from $450,000 Tableau Condominiums 416-591-8887 • • from $350,000 King Charlotte 416-422-0333 • from $466,000 King Charlotte 416-422-0333 • from $312,000 Tableau Condominiums tableaucondos.com • • from $350,000 Carmelina 416-423-8500 • from $250,000 Yorkville Condominiums 416-987-3222 • • from $550,000 The Bond Condominiums 416-546-7525 • • from $300,000 Showcase showcaseliving.ca • from $210,000 L Tower 416-777-2533 • from $410,000 707 Lofts 707Lofts.com • • from $255,000 Perspective Condos 416-242-3500 from $280,000 King + Condos 416-366-5464 • from $304,000 thirtytwo Camden 416-860-0060 • from $240,000 8 Gladstone 416-690-9009 • from $250,000 133 Hazelton Residence 416-487-9863 • Model Suite of the Month 416-487-9863 • 210 Simcoe 210simcoe.com • Karma 416-551-2744 • from $180,000 Karma 416-551-2744 • Rise 416-546-7399 • from $290,000 Model Suite of the Month • Neon 416-987-7878 • from $210,000 The Carlaw 416-690-8588 • from $200,000 Nero 416-792-6418 • from $300,000 Allure Condominiums allurecondos.ca • from $350,000 Allure Condominiums • from $350,000 1000 Bay 416-485-3000 • FAD Condos 416-815-1818 • from $250,000 South Hill on Madison Condominiums southhillonmadison.com • from $200,000 INDX 416-987-4639 • INDX 416-987-4639 • The Carnaby 416-690-9009 • from $250,000 TUX greatgulf.com/register • from $250,000 Noir menkes.com • 109OZ 416-531-4844 • from $300,000 The Hill 416-408-1200 • from $260,000 The Sterling thesterling1919.com • • from $200,000 101 Erskine 416--480-0700 • • from $285,000 Wallace Walk wallacewalktowns.com • from $210,000 The St Clements 416--778-7070 • • The Perry 416-926-7555 • from $390,000

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

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

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

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

torontoregionalmaps: Toronto, East York, York

# 19 20 20 22 22 24 29 29 30 41 46 52 52 52 54 55 55 57 59 62 64 64 66 66 70 70 73 73 74 78 81 81 83 83 88 94 99 100 101 101 102 103 103 104 106 106 109 109 110 114 115 115 118 120 120 122 126 126 128 130 131 132 132 134 135 135 136 137 139 141 142 143 144 144 145 145 148 150 151 151 151 152 152 153 153 153 153 153 154 155 155 156 157 160 162 163 165 170 173 173 175 182 182 184 184 185 186 187 188 188 190 191 193 195 195 197 198 198 207 208 210 216 217 218

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Builder

Concord Adex Liberty Development Corp.

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

*TH: Townhomes, C: Condo

Site

Telephone

TH* C*

Price Range

Page

Opus 416-813-2999 • • 42-43 World on Yonge 905-771-7010 • from $285,000 36-37 Treviso II 416-787-8882 • from $220,000 11 The Station 416-398-9777 • from $420,000 71 NY2 416-221-3939 from $220,000 39 Canterbury 647-352-2130 • • from $700,000 59 The Avanti Condominiums 416-636-0400 from $375,000 VISTO vistocondos.ca from $220,000 Hullmark Centre 416-733-2883 • from $524,000 Avonshire Parkside 416-730-0300 • • from $579,000 Aristo at Avonshire 416-730-0300 • Aristo2 at Avonshire 416-730-0300 • from $299,000 Park Towns 416-868-0784 from $250,000 Tango at Concord Park Place 416-813-2999 • • from $236,000 Discovery at Concord Park Place 416-813-2999 • Discovery II at Concord Park Place 416-813-2999 • • from $210,000 Tango2 at Concord Park Place 416-813-2999 • from $265,000 Corporate 416-813-2999 • • from $210,000 Pearl Condominiums 416-512-1818 • from $200,000 Platinum Towers 416-512-1818 • from $340,000 Diva DivaCondo.com The Essential 905-887-4888 • from $250,000 Argento 416-663-1818 • Alto at Atria 416-645-8866 • from $288,000 The Palm Condominium Residences 416-306-1000 • from $400,000 Gramercy Park Condominium Residences 416-703-2202 • from $600,000 Portrait Condominiums 416-282-9600 • from $300,000 Gibson Square 416-730-9722 • from $363,000 Ultra at Heron’s Hill 416-495-3548 • from $200,000 Yorkland at Heron’s Hill 416-495-3548 • from $300,000 88 416-915-3805 • from $235,000 Flo Condominiums 647-799-0356 • from $250,000 Aura At College Park 416-962-8688 • from $500,000 Gooderham 416-361-1322 • from $410,000 Scenic on Eglinton 416-805-1781 • from $190,000 Emerald City Condominiums 416-492-0001 • from $250,000 Dreamtower At Emerald City 416-492-0001 • from $245,000 Willow Park at Bayview 416-221-6767 • from $466,000 Posh Condominiums 905-771-0134 • from $544,000 Treviso Condominiums 416-787-8882 • from $200,000 Trio at Atria 416-645-8866 from $258,000 LIV Lofts 416-445-5638 • from $250,000 NY Place 416-221-3939 • from $250,000 Flaire Condos 416-445-8868 • from $320,000

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Finder 22C A18 12F 12D 19C 19F 17C 8E 18D 18D 18D 18D 19C 22C 22C 22C 22C 22C 17C 18C 11C 20E 22e 25D 17B 13E 13C 17C 25D 25D 18c 18c 16K 18l 23G 24C 24C 21 16A 12F 24C 22F 19C 22F

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

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

1

2

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al

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10

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401 2A

Westway

Rathburn Rd

44

45

d

Bloor St W

Queensway

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

Site Telephone TH* C* The Epicurean monarchgroup.net • Lago 416-495-3544 • Eleven Superior 416-259-8882 • Watermark 416-354-2221 • Terrace on Danforth 416-987-7575 • Harmony Village Sheppard 416-493-0123 Vivid Condos 416-239-8200 • Centro 416-296-1898 • Nautilus at Waterview 416-495-3544 • Altitude 416-321-1659 • One Sherway Condominiums 416-695-3535 • One Sherway Condominiums 416-695-3535 • Palais at Port Royal Place 416-239-8200 • Cloud 9 Condominiums cloud9condos.ca • Cloud 9 Condominiums cloud9condos.ca • ilofts at Mystic Pointe 416-251-8888 • California Condos 416-251-8888 • Princeton Manor 905-849-1818 Ocean Club 416-255-4663 • Summerside mattamyhomes.com • • King’s Way at Swansea Village 416-766-4683 • Eau Du Soleil empirecommunities.com/eaudusoleil • Encore 416-495-3543 • Beyond The Sea Star Tower Condominiums 416-979-1333 • • Evolution 416-747-9691 • Parc Nuvo at Essex 416-231-0999 • South Beach 416-252-3000 Waterscapes 416-495-3544 • Ventus at Metro Gate 416-293-5535 • Metrogate Townhomes 416-293-5535 • • West Village 416-620-1887 • One Valhalla 416-233-5554 • Thunderbird 416-233-5554 • Triumph At One Valhalla 416-233-5554 • IQ IQcondos.com • The Masters mastercondos.com • Park Towers at IQ 416-253-5838 • Westwood Condominiums westwoodAlterra.com • Avani At Metrogate 416-293-5535 • Jade Condominiums 416-762-8818 • Nature’s Path 416-745-6686 • • 2150 Condos 416-750-2150 • Haven On The Bluffs 416-2621-9555 • Lexington 416-638-8444 • South Shore mintosouthshore.com • Qube Condos 647-351-7823 • Me 647-693-7563 •

5

70

Park Lawn

35

50 14 51 34

Royal York Rd

Dundas St W

11 53 3 56 39 4 37 6 33

Gardiner Expressway Evans Ave

Horner Ave

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

19

8

h

d

Etobicoke

409

Scarborough

ett R Scarl

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40

Dixon Rd

46

Builder Monarch Corporation Monarch Corporation Davies Smith Queenscorp Residences Liberty Development Corp.

City Core Pemberton Group Henderson Development Limited Monarch Corporation Conservatory Group Great Gulf Homes Menkes Developments Inc. Pemberton Group Lash Group of Companies Carttera Camrost - Felcorp Camrost - Felcorp Green Hill Homes Graywood/Beaverhall Development Mattamy Homes Georgian Empire Communities Monarch Corporation Empire Communities Beaverbrook Homes Tridel Corporation Amexon Development Corporation Monarch Corporation Tridel Corporation Tridel Corporation Tridel Corporation Edilcan Development Corp.

Edilcan Development Corp.

Edilcan Development Corp.

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

25

d

62

QEW

*TH: Townhomes, C: Condo

24

nR

Martin Grove Rd

60

23

Finch Ave W

27

Av e

bio

Re

7

# 5 18 20 25 28 38 50 2 4 6 7 7 8 10 10 11 11 13 15 24 26 28 29 33 34 35 37 39 42 42 44 45 45 45 46 46 46 51 55 56 60 61 61 62 65 70 71

Al

23

ll R Mi

Da nf or th

21 22

Ranforth Dr

28

20

xd

Centennial

Ki

19

Passmore Ave

lva

Sy

18

East Ave Port Union Rd

Manse Rd

72

n

sto

RD

ng

Ki

Galloway Rd

St. Clair Ave 1

Orton Park Rd

Markham Rd

McCowan Rd

Bellamy Rd

Lawrence Ave E

Scarborough Golf Rd

n Dr

orto

17

427 Morrish Rd

71

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

Victoria Park

g

Progress Ave

Brim

Eglinton Ave E

f

29

16

Sheppard Ave E Conlins Rd

2

Brimley Rd

Warden Ave

Pharmacy Rd

e

61

Birchmount Rd

d

Kennedy Rd

Ellesmere Rd

401 Midland Ave

42 55 401 31

Milner Ave

15

Humberline Dr

3

14

Beare Rd

1

13

Meadowvale Rd

Sheppard Ave E

Ave

Morningside Ave

evin

McL

12 Reesor Rd

Huntingwood Dr

c

11 Sewells Rd

Finch Ave E

b

10

Neilson Rd

McNicoll Ave

9

Tapscott Rd

McCowan Rd

A

7

65

Lakeshore Blvd W

Price Range Page Finder from $250,000 Insert 23F from $200,000 Insert 24c from $200,000 111 23C from $320,000 117 19D from $227,000 36-37 2F from $238,000 77 2C from $250,000 8 23F from $185,000 6D from $400,000 25H from $230,000 25H from $273,000 16G from $273,000 16G from $260,000 23F from $220,000 22B from $220,000 22B from $310,000 25G from $242,000 25g from $210,000 6G from $229,000 24C from $159,000 3F from $188,000 24G from $250,000 25B from $200,000 5D from $400,000 24H from $250,000 22G from $398,000 22g from $209,000 25H from $390,000 26H from $344,000 4c from $427,000 4C from $260,000 21F from $239,000 21F from $240,000 21F from $230,000 21F from $190,000 22G from $200,000 22G from $220,000 22G from $300,000 23F from $248,000 4C from $250,000 24G from $270,000 11E from $189,000 3E from $160,000 3E from $240,000 21C from $300,000 22H from $200,000 24G from $150,000 8D

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

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

torontoregionalmaps: Scarborough, Etobicoke

103

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21 22

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waterfrontmaps: Toronto

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

104

#

Builder

4

tridel corporation

Aqualina at Bayside Toronto

Site

416-514-2710

Telephone

TH* C*

1

Pemberton Group

Park Lake Residences

416-769-4343

2

Monarch Corporation

Nautilus at Waterview -

3

Cresford Development Corp.

NXT2/Phase Two

3

Cresford Development Corp.

NXT at Windermere By The Lake

6

Plazacorp/Berkley Community

West Harbour City

7

Lifetime Homes

Price Range

•

Page

Finder

IFC

16E

• • from $250,000

3F

416-495-3544

• from $400,000

5f

416-977-5300

• • from $210,000

4E

416-977-5300

• • from $300,000

11f

westharbourcity.com

• from $327,000

13E

Waterparkcity – Neptune

416-203-3700

•

13f

8 Concord Adex

Grand Parade 2 at Concord CityPlace

416-813-0999

•

14f

8

Concord Adex

Quartz

416-813-0999

• •

14F

8

Concord Adex

ParadeTWO Tower Residences

416-813-0999

14f

• from $287,000

8

Concord Adex Grand Parade at Concord CityPlace

416-813-0999

• from 293,000

14F

8

Concord Adex

Panorama at Concord CityPlace

416-813-0999

• from $389,000

14F

8

Concord Adex

Panorama Elite Suites at Concord CityPlace

416-813-0999

• from $1,135,000

14F

8

Concord adex

ParadeTWO Park Collection at Concord CityPlace

416-813-0999

• from $308,000

14F

8

Concord Adex

Luna Vista at Concord CityPlace

416-813-0999

• from $2,213,000

14F

8

CONCORD ADEX

Spectra

416-813-0999

• •

9

Conservatory Group

14F

Infinity Condominiums

416-214-1988

• from $250,000

14f

11 URBAN CPITAL

River City 2

416-862-0505

• from $250,000

16E

14 CANALFA GROUP

Liberty Central by the Lake

416-537-0047

• from $200,000

10F

14 Canalfa Group

Liberty on the Park Condominiums

416-537-0047

• from $363,000

10F

15 Malibu investments inc.

LTD

416-601-2223

• from $200,000

12F

16 CAMROST FELDCORP California Condominiums

sunsetcondos.ca

• from $280,000

24C

18 Fernbrook Homes/Cityzen Dev.

416-367-3456

• from $300,000

11F

Pier 27 Residences On The Lake

21 GREAT GULF Monde *TH: Townhomes, C: Condo

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

mondegreatgulf.com

• • from $300,000

15E

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

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

TH* C*

Lake

Price Range

• from $200,000

monarchgroup.net

• from $280,000

Whitby • from $320,000 Oshawa

W

Rd

e or

ly Bay

E

W Rd e

La

5

United lands

Stonebrook Condominiums

905-822-8858

8

chestnut hill development

San Francisco By The Bay

905-831-3631

10 Pemberton Group

Bluwater Condominiums

11 Monarch Corp.

Manvers

Page

Finder

Scugog

416-259-8882 48

416-354-2221

og

Scug

111

23C

insert Newcastle 24C

117

19D

• from $270,000

9E

•

• from $180,000

23J

416-987-8800

• from $350,000

5J

Waterscapes

416-495-3544

• from $390,000

25C

13 GREEN HILL HOMES

Princeton Manor

905-849-1818

• from $210,000

6G

14 Phantom Developments

Jade Waterfront Condos

416-251-0707

• from $250,000

24G

15 GRAYWOOD DEVELOPMENTS

Ocean Club

416-255-4663

• from $229,000

24C

empirecommunities.com/eaudusoleil

• from $210,000

25B

401

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

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

waterfrontmaps: GTA

Rd

ge id Br

sh

ke

Park Rd S

Uxbridge

Watermark

Highlighted listings are advertised in this issue of Condo Guide.

Please refer to page number for complete information.

Phillip Mur

Lindsay

Schomberg

28 EMPIRE COMMUNITIES Eau Du Soleil

Bloor St

Si

Whitby 7 Waterfront

Stevenson Rd

Wentworth St

Park Rd S

401

Gibb St

Thornton Rd

La

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Centre St.

Up

Adelaide Ave

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8

Garrard Rd

48

Blair St

Cannington

Hopkins St

King

n

Bayly St E Georgina Island 33 caygeo Bob

Ajax-Whitby

a

Keswick

Shoal Point Rd

Georgina

Garden St Blair St

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Brock St S Henry St Gordon St

Sim

Cochrane St

Dundas St E

Rossland Rd

Manning Rd

Town of Whitby

Bv

ke

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McQuay

Townline Rd

Du

Dryden Bv Anderson St

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Stevenson Rd

Garden St

Baldwin St S

Taunton Rd W

Rossland Rd

25 queenscorp residences

*TH: Townhomes, C: Condo

To Os

Thornton Rd

Conlin Rd

Thickson Rd

25

Brock St N

th

Church St E

16 28

15 20 18

R

Country Lane

m

Garrard Rd

Baldwin St N

Park Lawn Cedarbrook T

Royal York Rd

Cochrane

Coronation R

ha

8 Con

1

Lakeshore Blvd W

Lakeridge Rd

rn

26

Village of Gardiner Expressway in Brookl 12 1411

Halls Rd N

Audley Rd

Bu

Duffs Rd

25

Evans Ave

co

Pickering Beach Rd

ew

Bradford ElevenTecumseth Superior and Tottenham

9

Stevenson Rd

Ashburn Rd

24

Taunton Rd WWaterfront Etobicoke

Salem Rd

Harwood Ave

Finley Ave

riv

400

9

Country Lane

Lake Ridge R

Audley Rd

Salem Rd

Westney Rd N

Mara

Westney Rd S

400

23

Queensway

Horner Ave Rossland/Winchester

Oro

7

d

orth Dr d ll R Mi

9

East Gwillimbury Further North Waterfront

Adjala Lago

18 MONARCH CORP.

QEW

Kingston Rd

Barrie

21 22

Dundas St W

Town of Ajax 11

eD

Mono

Fifth Conces 12 11 9

Magill Dr

Lak

10

Ravenscroft

20 DAVIES SMITH

Shelburne

93

400

20

Brawley Rd Bloor St W

Alliston,

Beeton, Site

89

19

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

69

Church St S

0

Builder

Squires Beach Rd

Hwy 5

k

Essa

18

Mississauga Taunton Rd E Waterfront Orillia

Delaney Dr

Montgomery F

Tosorontio Everett

7

Bracebridge

Church St N Riverside Dr Notion Rd

D

Angus

Brock Rd

nt

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Rd

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Whites Rd

u1g0 em ou

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Bu

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Columbus Rd 4 Sideline R

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Brock Rd sR Oak jor Ma Valley Farm

24 ings K

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7 Concession

Rd

69

27

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Vespra 401 Liverpool Rd

d

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Wasaga Beach

R ton

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400

Glenanna Rd

Appleview Rd

Sprduce Hill R

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Stroud's

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Fairport Rd

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105

condo watch

continued…

previews & registrations Imagine Condos by insoho developments

Vibrant boutique condo living by acres of green at TTC, walk to GO. Register now.

Web: imaginecondos.com

The HUB

by Empire Communities

Live life on tomorrow’s fast lane, at this condo in a key Eg-West location. Register now.

Web: EmpireTheHub.com

365 Church

by Menkes

In the heart of the action. Coming soon to Church and Carlton. Register now.

Web: Menkes.com

The Britt

by Lanterra Developments

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

Web: SunsetCondos.ca

California Condos

by Camrost Felcorp

416

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

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

Web: SunsetCondos.ca

Aqualina at Bayside Toronto

by Tridel

Coming soon: a master-planned community on the city’s waterfront.

Web: Tridel.com

Cinema Tower

by Daniels

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

Web: CinemaTowerCondos.com

Context King West

by Context

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

Web: ContextKingWest.ca

Dragon Condos

by Ideal Developments

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

Web: DragonCondos.com

Eau Du Soleil

by Empire Communities

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

Web: EauDuSoleilCondos.com

The Epicurean

by Monarch Corp.

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

Web: MonarchGroup.net

Fabrik

by Menkes

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

Web: Menkes.com

FAD Condominiums

by Tri-Win

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

Web: FadCondo.ca 106 new Condo Guide june 29 - july 13, 2013

Imperial Plaza

by Camrost Felcorp

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

Register today.

Web: 16FootLofts.ca/cg

Indx Condos

by Lifetime & CentreCourt Developments

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

Web: IndxCondos.com

Jade Waterfront Condos

by Phantom Developments

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

Web: JadeWaterfrontCondos.com

Noir Condos

by Menkes

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

Web: Menkes.com

One Park Place

by Daniels Corp.

Now on sale, the “one” place to be in downtown east. Register now to stay informed.

Web: DanielsOneParkPlace.com

Sixty Colborne

by Freed Developments

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

Web: SixtyColborne.com

South Hill on Madison

by Burnac

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

Web: SouthHillOnMadison.com

Tao

by SigNature Communities

Boutique condos on Bayview in Richmond Hill.

Coming soon.

Web: TaoCondos.ca

Ten York

by Tridel

Rising above it all at York and Harbour.

Register now for your private oasis.

Web: TenYork-condos.ca

Tux

by Great Gulf

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

Web: GreatGulf.com/register

The Upper Canada Condominium

by State Building Group

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

Web: UpperCanadaCondo.com

Vivid

by Pemberton Group

Affordable luxury living at Bloor and Islington.

Register now.

Web: VividCondos.com

Yonge & Rich

by Great Gulf

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

Web: YongeandRich.com

Yorkville Plaza

by Camrost Felcorp

Grand opening at this iconic address.

Offering the best things in life right outside your door.

Web: YorkvillePlaza.com

CONDOMINIUMS AT YONGE + EGLINTON

Move over.

Design is here.

E YONG

CONSTRUCTED BY

TON EGLIN AY SUBW

PSR Brokerage. Exclusive listing broker. Prices and specifications subject to change without notice. E. & O. E. Illustrations are artist’s impression.

155

<N

MONDAY-WEDNESDAY 12-6 | THURSDAY 12-7 | FRIDAY 12-6 | SATURDAY + SUNDAY 12-5

DEVELOPED BY

NT ASA PLE MT.

H PAT RED

SALES CENTRE + MODEL SUITE 2239 YONGE STREET, SUITE 100 (east side of Yonge, south of Eglinton) FROM THE MID $200’S. 416.996.5428 REDPATHCONDOS.COM

N AMPTO ROEH RE FUTU LRT

S SALETRE CEN

Follow us @155redpath

june 29 - july 13, 2013 new Condo Guide 107

condo profile

t

155 REDPATH

set to celebrate official grand opening July 6 and 7

Big crowds expected at Presentation Centre for the public’s first look at Yonge and Eglinton’s newest condominium 108 new Condo Guide june 29 - july 13, 2013

he weekend of July 6 and 7 promises to be exciting for anyone wanting to live at Yonge and Eglinton!

With anticipation high and interest piqued for the opening of Yonge and Eglinton’s most highly sought-after new condominium development, called 155 Redpath, the developers at Freed and CD Capital will be officially unveiling the project this weekend.

The Grand Opening, scheduled to run Saturday and Sunday from noon to 5 p.m., will offer the public their first look at a development that promises to finally bring “Design to Midtown.” Featuring special incentives, refreshments and an exclusive radio remote with Virgin Radio’s Mad Dog and Maura, the opening weekend promises to make the 155 Redpath Presentation Centre – located at 2239 Yonge St. (south of Eglinton) – the place to be this weekend!

“We’ve been overwhelmed by requests to visit the Presentation Centre, see our two-bedroom model suite designed by Johnson Chou, and learn more about the lifestyle and amenity program the project will boast,” says Freed Developments’ Peter Freed. “There’s been so much anticipation and growing demand, we’re expecting a very busy Grand Opening weekend.”

The 36-storey, 470-unit tower will be situated in the vibrant Yonge-Eglinton neighbourhood with its array of shops, eateries, cinemas and access to transit.

The area is undergoing an exciting transformation with the new Crosstown LRT line, the redevelopment of RioCan’s Yonge & Eglinton Centre, and the arrival of major new retailers such as Restoration Hardware and Urban Outfitters.

Peter Freed of Freed Developments has been a leader in transforming the formerly industrial King Street West area into one of the city’s coolest places to live. His partners, Todd Cowan and Jordan Dermer of CD Capital have built a stellar reputation of their own, creating iconic developments both in Canada and around

the globe, in places such as Hungary, Poland, Romania, Slovakia, Czech Republic and Croatia.

Together, Freed and CD Capital are excited to be stepping in a new direction with the development of 155 Redpath, a development that reflects the best of Toronto and the world.

“We are thrilled to be opening our doors to the public,” says Todd Cowan, of CD Capital.

“We have been promising to elevate design at Yonge and Eglinton with the launch of 155 Redpath and we are excited by the opportunity to share our vision for urban living with the public.”

While the Yonge-Eglinton area has a lot to offer in terms of transit and existing infrastructure, Freed and CD Capital want to raise the bar for this popular neighbourhood by creating an architectural gem for the midtown crowd.

Featuring a distinctive architectural form from the award winning firm of architectsAlliance (and its principal Peter Clewes), 155 Redpath will boast an amazing ninth floor amenity space, offering residents a pool and hot tub, outdoor shower, poolside cabana lounge, sunbathing area, fire pit lounge and barbecues with outdoor dining area. Indoor amenities include pool table, kitchenette, meeting lounge, fully-equipped fitness centre and dedicated indoor/outdoor yoga facility, party room with kitchen, bar, dining and lounge areas that extend to the outdoors. Landscaped grounds are designed for relaxing, with reflecting pool with fountain and fire feature, and viewing garden and lounge areas. A sustainable rainwater harvesting system will irrigate landscaped areas and gardens.

The superbly designed suites range from 396-sq.-ft. studios to 1,403-sq.-ft. two-bedroom plans, starting in the mid-$200,000s. Airy nine-foot ceilings and expansive floor-to-ceiling high-performance window systems will give a feeling of space and allow natural daylight to illuminate suites.

For your chance to be there when design arrives in midtown, visit the Presentation Centre for the Grand Opening of 155 Redpath, Saturday, July 6 and Sunday, July 7 from noon to 5 p.m., at 2239 Yonge St. Toronto, just south of Eglinton Ave. To ensure your priority place, or to get more information, please contact sales@redpathcondos.com; visit redpathcondos.com or call 416.996.4837.

june 29 - july 13, 2013 new Condo Guide 109

GTAâ&#x20AC;&#x2122;s exciting free monthly home design magazine Featuring the newest products and hottest design trends for your home, inside and out.

416.626.4889 FREE

JUNE/JULY 2013

VOLUME 9 ISSUE 4

www.homedecorandrenovations.com

574B 723/A for the

@=G/: 0/0G

20

pg.

TIPS

&

TRICKS TRENDS from the

KITCHEN COUSINS

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june issue on stands now!

110 new Condo Guide june 29 - july 13, 2013

TOW N HOME S A N D CO NDO MINIUM S UITES IN T HE H EA R T O F MIMICO-B Y-THE-LAKE

ER N! D UN CTIO W RU O N ST N O C

UP TO $10,000 CASH BACK ON SELECTED SUITES

*

Steps from the waterfront and minutes from downtown Toronto, Mimico-bythe-Lake offers lake-side living with convenient transit right at your door step.

Townhomes and Condominium suites from 1 bedroom to 2 bedrooms starting from the low $200s Limited time incentives. Call today!

Monday - Tuesday 2 pm - 7 pm Wednesday 1 pm - 6 pm Saturday & Sunday 11 am - 4 pm

*Limited time offer. Cash back credit on closing. $10,000 off 2 beds. $5,000 off 1 beds. Parking not included on selected suites.

Prices and specifications subject to change without notice. Images for mood and impression only. See sales rep for details. E & O.E.

june 29 - july 13, 2013 new Condo Guide 111

money matters

// by gail vaz-oxlade

Are you financially fit?

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

P

eople spend a lot of time worrying about what they eat, how much they weigh and how healthy their hearts are.

According to Statistics Canada, life expectancy rose by almost 2.5 years for men and by almost 1.5 years for women between 1986 and 1996. But while we are all living longer and healthier lives, financial fitness isn’t always a reality.

Only 30 per cent of Canadians follow a monthly budget, while just 40 per cent of us have a formal financial plan in place. Yikes! The fallout of all this inactivity (is it inattention or procrastination?) is that the realities of Canadians’ lives are a long way off their expectations.

The CIBC Financial Health Poll conducted by COMPAS Inc., showed that 37 per cent of those who retired and then returned to work did so because they didn’t have enough money. What would they have done differently if they could do it all over?

112 new Condo Guide june 29 - july 13, 2013

Most people are financially flabby.

How fit are you

Well, 60 per cent say that in hindsight they would have started investing earlier and they would have saved more. Hmmm.

More than just having enough money, our level of financial fitness reflects our ability to bring our current and future needs into balance.

To have a balanced financial plan, you must set some realistic goals. Just as most athletes have specific goals towards which they consistently work, the key to financial fitness is to set achievable goals and consistently work towards them.

What weighs most heavily on your mind? Very likely there will be several issues competing for your limited financial resources. Do you want to accumulate a specific amount of money, eliminate your mortgage or pay off that new car?

Weighing each of your goals against the others will help you to see which are the most important ones.

There are no right or wrong answers at this point. Right now, you’re just laying the plan. Later, if you want to double-check it, you can ask your financial adviser to look it over and see what’s missing.

Okay, it’s time to pick up a pen and get to work.

›› Make a list of everything you want to achieve ›› Make sure you’ve covered each of the seven areas of a financial plan ›› Prioritize your list ›› Pick two goals

›› M ake sure your goals are realistic ›› S et some dates ›› W rite it all down ›› C heck your progress every six months

Having decided where you want to be, you need to determine where you are now so you can size up the gap. Complete a net worth statement to see just how balanced your finances are and update this statement annually. It is your scorecard of how much your efforts are paying off. Next, do a budget so you can see exactly where your money goes each month. Estimate how much you spend monthly, track your expenses for about three months, and revise your budget to reflect your actual expenditures. Don’t cop out and say, “Well I had unusually high expenses this month because...” Emergencies always crop up, and part of being financially fit is having a plan for dealing with those nasty little surprises.

Now look at your income relative to your expenses. If your expenses seem too high, you can either cut back on what you’re spending or increase your income.

›› Consider a part-time job to boost your earnings on a short-term basis. ›› If you have extra space, think about renting a part of your home for extra income or sharing your home to reduce your living expenses. ›› Consolidate bank accounts to save on fees. ›› Brown-bag it for a few months to trim your waistline and your budget. ›› Share newspapers, magazines and books with friends and co-workers. ›› Park the car.

Having done your warm-up exercises – you’ve written your financial goals down in order of priority, completed a net worth statement and set up a budget – you now have to decide how to meet your goals.

Let’s say you plan to start an investment program. You want to save $25,000 over the next five years. If you’re looking at your budget and thinking, “There’s just no way!” maybe you need to adjust your time frame. Or perhaps you need to look at how you’re investing your savings. One rule of investing is the longer you have to reach your goal, and the more your money earns during that time, the less you have to set aside each year.

If you haven’t already done so, establishing an emergency fund for large, unforeseen expenses or temporary job loss should be a priority. Ideally, your emergency fund should be able to support you for three to six months. If someone in your household shares the expenses, consider how long it would take him or her to find another job.

Check over your accounts and make sure you’re getting the most for the least. There’s no point in paying for services that you’ll use only once in a blue moon. Little things like choosing a passbook option rather than receiving a statement can save you money. If you can reduce or eliminate your fees by maintaining a specific minimum balance, consider consolidating your accounts to reduce your costs. If maintaining a monthly balance is a problem, then you’ll have to compare individual service charges to choose the least expensive account for your purposes. Attracted to the “packaged” accounts? Take the time to compare the individual fees with the package costs to see if you come out ahead. The idea is to pay for only the services you’ll use.

Now it’s time to look at your debt. Begin by eliminating credit card balances and consumer loans. Often people pay only the minimum required without realizing how much interest costs work against their overall plan. If you have several cards with high balances, consider a consolidation loan to reduce your interest costs. Does your card charge a high rate of interest? Transfer your balance to lower cost card. If you have only a small amount to work off, put your cards away until the debt is cleared. Once you’re debt-free, by all means take advantage of the convenience credit cards offer, but keep tight control of them and pay your balance off in full every month.

Prepare for the risks of everyday life. The risks we seem to deal with quite easily are property insurance, car insurance, contents insurance. The risks we tend to overlook are those associated with our economic earning power. If you or your partner were to die or become ill or disabled and unable to work, would your family have the resources to meet their day-to-day needs?

It’s a tough question to face, but the consequences of not facing it can be even tougher on your family.

›› L ife insurance will protect your family’s standard of living if you die. ›› D isability insurance will provide you with an income if you cannot work due to illness or injury. ›› C ritical illness insurance will pay you a lump sum if you are diagnosed with a specific illness. ›› L ong-term care insurance will pay the bills should you (or other members of your family) need in-home or facility care.

Don’t forget to do some retirement planning. The only one you can count on is you. Through means testing of pension and age tax credits, and reduction in senior’s benefits, the government is saying loudly and clearly “You are responsible for providing for yourself.” Thankfully, we still have Registered Retirement Savings Plans. Any money contributed to an RRSP remains

tax-deferred until the funds are withdrawn. And since investments held in RRSPs also grow on a tax-deferred basis, they grow much more quickly than investments held outside an RRSP. Despite the fact that almost everyone should have a will and a power of attorney, many people don’t. Some think their wishes will be carried out by a family member or that they do not have enough money to justify the cost of making a will. Others avoid making a will because their personal circumstances – marriages, divorces and accumulated children and stepchildren – just seem too complex to unravel. However, if you die without a will, trying to figure out who gets what, and when, can be a mess. And your estate may end up paying more in fees and taxes than it should, leaving less for your loved ones.

Partnered? Have your wills drawn up together so that they reflect an integrated estate plan.

Review and update your will every three or four years, especially when family circumstances change (weddings, divorces, births, and deaths all result in changes in family structure), your financial circumstances change, new legislation is implemented, or you change your province or country of residence.

Financial fitness isn’t achieved overnight. It takes time, a sound plan, a strong commitment and, perhaps, a financial coach. If you are serious about taking control of your finances and about your independence, you too can become financially fit. Believe in yourself and in your own ability to take charge. Then just do it! See you in the winner’s circle. june 29 - july 13, 2013 new Condo Guide 113

IN THE MARKET FOR A

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We think finding a home is a lot more than simply finding the right property.

Thatâ&#x20AC;&#x2122;s why we put you right in the middle of the search process.

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Visit the new real estate section on canpages.ca and start looking for that special place.

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114 new Condo Guide june 29 - july 13, 2013

Scrumpdillyicious

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

Seafood Salad with celeriac remoulade Directions Slice squid into rings and cut tentacles in half. Slice the scallops in half. Set a medium size pan of water over med-high heat and once a few bubbles start to appear, lightly poach the shrimp, scallops and squid, one type at a time and set in a colander once done. Let cool for a few minutes then toss with 1/2 cup of lemon dill sauce and some capers.

A lovely light salad to make during the warm summer months is an easy poached seafood salad made with large shrimp, scallops, squid and a few tiny salad shrimp for good luck. The large shrimp are shelled and deveined; the squid are cut into rings; and the scallops are cut in half. They are all then poached for a few minutes in a shallow pan of simmering water until just done, then left to cool about 10 minutes. The mixed seafood is then tossed in a light lemon dill sauce and served with a wedge of fresh lemon. I served this seafood salad over a small bed of homemade celeriac remoulade for a light crunchy surprise at the bottom.

Wonderfully light and delicate, this mixed seafood salad makes a lovely appetizer or a delicious entrée with a warm baguette and a ‘wodge’ of Chaume cheese, for an al fresco dinner in the garden.

ingredients

For the remoulade: Using a vegetable peeler, pare away the outer skin of the celeriac root, then slice into thin matchsticks using a mandolin or a sharp knife. Half of the celeriac root should make about 1 cup of remoulade. Toss the ‘matchsticks’ in a small bowl with a squeeze of lemon juice to preserve the colour and prevent it from going brown.

Then add some mayonnaise and toss to combine. Season with a few caraway seeds and some salt and pepper to taste.

To serve, spoon some of the celeriac remoulade in the bottom of each serving bowl and top with some of the mixed seafood salad, and garnish with a lemon wedge. Easy and delicious!

Mixed seafood salad with celeriac remoulade Serves 2

› 10 large shrimp, shelled and deveined › 4 large scallops › 2 cleaned squid with tentacles › 1 cup small salad shrimp › 2 tbsp capers › Lemon dill sauce (see below) › 1 lemon, for garnish

Remoulade: › 1 celeriac root › 1 tsp lemon juice › 2 tbsp mayonnaise › 1 tsp caraway seeds (optional) › salt and white pepper to taste

116 new Condo Guide june 29 - july 13, 2013

Lemon Dill Cream Sauce: › 1 cup sour cream › 1 lemon, juiced › 2 tbsp fresh dill, chopped › 1 tsp salt Whisk all ingredients together in a small bowl. Refrigerate until ready to serve.

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

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june 29 - july 13, 2013 new Condo Guide 117

in the news

Tower Hill celebrates with VIPs AT 2221 YONGE

Special guest Sandi Pei joins preview of exceptional new community To celebrate its upcoming condominium 2221 Yonge, Tower Hill Development Corp. recently brought together friends, family and a world-renowned guest – Manhattan-based architect Sandi Pei, co-founder of Pei Partnership.

Working in collaboration with Quadrangle Architects in Toronto, Pei was instrumental in designing 2221 Yonge, an elegant new landmark community set to soar over the sophisticated neighbourhood of Yonge and Eglinton.

Soulful music – the perfect live soundtrack for an exceptional uptown lifestyle – and elegant design were the pervading themes. The smooth tones of a saxophone player on Yonge Street entertained passers-by and gave arriving guests a hint at what awaited them inside, where velvet-voiced contemporary Toronto vocalist Luke Maxim put a twist on the bossa nova classic “Quando Quando Quando,” playfully singing “Condo Condo Condo” to the appreciative crowd.

Alongside the masterful architecture, award-winning interior design firm Munge Leung wowed attendees with the luxuriously appointed sales office and model vignettes.

At 2221 Yonge, one, two and three-bedroom suites, including some with dens, start at just $199,900 in the heart of uptown Toronto, with the TTC on the doorstep and every imaginable amenity a short walk away. Driven by innovative architecture and focussed on every detail, Tower Hill Developments has been producing the city’s most exquisite communities in its most sophisticated neighbourhoods for more than 70 years. That legacy is your assurance of enduring quality.

To explore this exceptional upcoming community, visit the Presentation Gallery at 2221 Yonge St., Monday to Friday from 11:30 a.m. to 6:30 p.m., or weekends from 11 a.m. to 5 p.m., visit 2221yonge.com or call 647.350.2221.

118 new Condo Guide june 29 - july 13, 2013

bottom left

Sandi Pei (left) of Manhattanbased Pei Partnership Architects shares a moment with Les Klein of local Quadrangle Architects. bottom centre

Russell Masters (left) and brother Randy Masters of Tower Hill Developments with Sandi Pei (centre), at the building’s scale model. bottom right

Friends, family, consultants and VIP guests were wowed by the Presentation Gallery for 2221 Yonge at Eglinton condominiums.

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Parkside Village welcomes its newest success in Mississauga’s first urban village – PSV & PSV2. Model Suite is designed by award-winning agency UNION 31.

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

homebuyersâ&#x20AC;&#x2122; help

condo buyersâ&#x20AC;&#x2122;

resource section

You love the condo, see what you can afford!

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

june 29 - july 13, 2013 new Condo Guide 121

homebuyers’ help

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

example: 5%

25 years

5.82

125 (mortgage amount $125,000)

$

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

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

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

This is the money you will have to borrow.

122 new Condo Guide june 29 - july 13, 2013

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

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

Divide by 1,000.

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

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

Bear in mind that this is a rough estimate.

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

Mortgage payment calculation chart

%

Amortization Periods

Interest Rates

10 years

15 years

20 years

25 years

30 Years

3.00%

9.65

6.90

5.54

4.73

4.21

3.25%

9.76

7.02

5.66

4.86

4.34

3.50%

9.88

7.14

5.79

4.99

4.48

3.75%

9.99

7.26

5.91

5.13

4.61

4.00%

10.11

7.38

6.04

5.26

4.76

4.25%

10.23

7.50

6.17

5.40

4.90

4.50%

10.34

7.63

6.30

5.53

5.04

4.75%

10.46

7.75

6.44

5.67

5.19

5.00%

10.58

7.88

6.57

5.82

5.34 5.49

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.64

5.75%

10.94

8.27

6.98

6.25

5.79

6.00%

11.07

8.40

7.12

6.40

5.95

6.25%

11.19

8.53

7.26

6.55

6.11

6.50%

11.31

8.66

7.41

6.70

6.26

6.75%

11.43

8.80

7.55

6.85

6.42

7.00%

11.56

8.93

7.69

7.00

6.59

7.25%

11.68

9.07

7.84

7.16

6.75

7.50%

11.81

9.21

7.99

7.32

6.91

7.75%

11.94

9.34

8.14

7.47

7.08

8.00%

12.06

9.48

8.28

7.63

7.25

8.25%

12.19

9.62

8.44

7.79

7.42

8.50%

12.32

9.76

8.59

7.95

7.59

8.75%

12.45

9.90

8.74

8.12

7.76

9.00%

12.58

10.05

8.86

8.28

7.93

9.25%

12.71

10.19

9.05

8.45

8.10

9.50%

12.84

10.33

9.20

8.62

8.28

9.75%

12.97

10.48

9.36

8.78

8.45

10.00%

13.10

10.63

9.52

8.95

8.63

10.25%

13.24

10.77

9.68

9.12

8.80

10.50%

13.37

10.92

9.84

9.29

8.98

10.75%

13.50

11.06

10.00

9.46

9.16

11.00%

13.64

11.22

10.16

9.63

9.34

11.25%

13.77

11.36

10.32

9.80

9.52

11.50%

13.91

11.52

10.49

9.97

9.70

11.75%

14.04

11.66

10.65

10.15

9.88

12.00%

14.18

11.82

10.81

10.32

10.06

12.25%

14.32

11.97

10.98

10.49

10.25

12.50%

14.46

12.13

11.15

10.67

10.43

12.75%

14.59

12.28

11.31

10.85

10.61

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 june 29 - july 13, 2013 new Condo Guide 123

homebuyers’ help

Compare mortgage rates for your best deal CHARTERED BANKS

Variable

6 Months

1 Year

2 years

3 years

4 years

5 years

ATB Financial 2.5

4 6.30op

3.1 6.30op

3.14 3.55 4.39 6.50op

3.24

Alterna Svgs/Alterna Bk 2.85

4 6.30op

3.05 3.09 3.09 2.99 6.30op

3.09

Bank of Montreal 3.1

4 6.30op

3.14 3.14 3.65 4.54 6.30op

3.19

Bank of Nova Scotia 3

4.55 6.45op

3.75 2.69 3.99 2.99 6.50op

4.99

Canadian Western Bank

4 6.45op

3 3.14 3.65 4.54 6.30op

5.14

CIBC 3.2

6.70op

3.09 3.14 3.65 2.99 6.35op

5.14

HSBC Bank Canada 3

2.7 3.95 2.98 4.99 6.35op

3.49

4.45 6.20op

ICICI Bank Canada

3.05

3.15

3.65

3.64

3.69

3.44

ING Direct

2.75

3

3

2.79

2.99

3.08

Laurentian Bank n/a

4.4 6.70op

3.14 3.19 3.65 4.54 6.30op

5.14

3 3.05 3.1 3.1 4.00op

3.09

MonCana Bank

2.84

3.09

3.24

National Bank n/a

3.14 3.14 3.65 4.54 6.30op

3.39

Manulife Bank 3 4.45

President’s Choice Finan

4.4 6.70op

3.2

Royal Bank 3

4 6.30op

2.84

3.15

2.99

3.19

3.3

3.39

3.14 3.14 3.65 3.09 6.30op

3.29

TD Canada Trust 3

3 3.04 3.55 3.09 6.30op

3.29

Airline Financial C.U. 4

3.01 3.1 3.33 3.65 6.25op

3.99

Luminus Financial 2.95

2.95 2.95 2.75 2.95 3.95

3.05

Teachers Credit Union 4

3.1 6.50op

4.45 6.30op

3.14

2.79

2.99

3.04

3.04

TRUST COMPANIES AGF Trust

n/a

2.99

3.1

3.5

3.64

Community Trust

n/a

6.5

3

3.04

3.55

4.54

Effort Trust n/a

4.45 6.30op

3.25 3.6 3.9 4.5 6.30op

4.95

Home Trust Company

3.2

2.69

3.95

2.74

2.99

3.19

Investors Group Trust n/a

4 6.50op

3 3.14 3.55 4.54 6.30op

5.14

MTCC 3

4.55 6.45op

3.75 6.50op

2.99

4.99

Comtech Credit Union 2.79

6.6 8.40op

2.99 3.25 3.29 3.19 9.00op

3.09

First National Fin. LP

3.95

2.74

2.69

2.79

5.14

3.99

OTHER FINANCIAL INSTITUTIONS

2.99

3.19

FirstOntario C.U. 2.79

6.34op

2.99 3.14 3.19 3.24 6.34op

2.99

London Life n/a

3 3.14 3.55 4.54 6.30op

5.14

MCAP 2.7

3.6 3.95 4.35 4.89 7.00op

5.14

Meridian Credit Union 2.85 4.45

3.1 3.14 3.55 2.98 6.30op

3.19

4 6.50op

2.69

2.79

Parama Credit Union

2.9

3

3

3.15

3.25

3.25

Steinbach Credit Union

2.5

2.5

2.6

2.7

2.8

3

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

R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE June 17, 2013. Prepared By Fiscal Agents Financial Information Services 905.844.7700

june 29 - july 13, 2013 new Condo Guide 125

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index of advertisers 45 Charles Ltd. - Chaz AMACON - Model suite of the Month Augustine Group - Port Place Condos Bazis Inc. - E Condos

49

Lanterra Developments - The Britt

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120

Lanterra Developments - Treviso II

11

Liberty Development Corp. - Centro Square Condos 2

34

Liberty Development Corp. - Legacy Park

35

97 5

Bazis Inc. - Exhibit Definitive Residences

27

Liberty Development Corp. - Royal Gardens

36-37

Brandy Lane Homes - The Station

71

Liberty Development Corp. - Terrace on Danforth

36-37

Camrost - Felcorp - Imperial Plaza

3

Liberty Development Corp. - World on Yonge

36-37

Camrost - Felcorp - Yorkville Plaza

1

Lifetime Developments - Corporate

29

Luxury Condos - Promo

74 73

Canpages - Promo

114

Carttera - One Eleven Condominiums & Lofts

57

Madison Homes - The Madison

Carttera - SIXTY Colborne

67

Menkes Developments Inc. - Corporate

Insert

Chinese Home & Condo Guide - Promo

48

Menkes Developments Inc. - Harbour Plaza

Insert

City Core - Harmony Village Sheppard

77

Metropia - E Condos

Concert Properties - 88 Scott

75

Metropia - Exhibit Definitive Residences

27

MintoUrban Communities Inc. - 30 Roe

63

Concord Adex - Opus

42-43

5

Cresford Development Corp. - CASA III

IBC

Mod Developments Inc. - Five Condos

55

Cresford Development Corp. - Lofts 399

128

Mod Developments Inc. - The Massey Tower

51

Cresford Development Corp. - Merton Yonge Condominiums

127

Monarch Corporation - Corporate

Insert

Davies Smith - Eleven Superior

111

Monarch Corporation - Lago

Insert Insert

Dundee Kilmer Developments - Canary District Condominiums

65

Monarch Corporation - The Epicurean

Eastonâ&#x20AC;&#x2122;s Group - King Blue Condominiums

69

Pemberton Group - Downtown Erin Mills Condominiums

9

Eden Shaw - Chaz

49

Pemberton Group - Vivid Condos

8

Empire Communities - Rain Condominiums

91

Pinnacle International - Pinnacle Grand Park 2

Empire Communities - The HUB

6-7

Empire Communities - The Mark

45

Pinnacle International - The Pinnacle on Adelaide

89 115

Plaza - Exhibit Definitive Residences

27 58

Emsatec Canada Inc - The Brownstones 5

117

Plaza Premium Lounge - Promo

Family of magazines - Promo

124

Queenscorp Residences - Watermark

Freed - 155 REDPATH

107

Remington Group - King Blue Condominiums

Freed - SIXTY Colborne

67

Rio Can - E Condos

Gemterra - Love Condos

79

Shopping Guide - Promo

66

Graywood Developments - Five Condos

55

The Daniels Corporation - Cinema Tower Condominiums

47

Great Gulf Homes - HOT

26

The Daniels Corporation - High Park Condominiums

31

The Daniels Corporation - NY2

39

Great Gulf Homes - Monde

22-23

117 69 5

Great Gulf Homes - Yonge+Richmond

17

The Daniels Corporation - One Park Place Condominiums

15

Guizzetti Developments - Grand Palace

93

Tribute Communities - Canterbury

59

Harhay Developments - One Eleven Condominiums & Lofts

57

Tribute Communities - RCM I on University

59

Tribute Communities - The College

59

Home Decor & Renovations - Promo

110

Kylemore Communities - The 6th Angus Glen

81

Tridel Corporation - Aqualina at Bayside Toronto

IFC

Lanterra Developments - Riverhouse at the Old Mill

25

Tridel Corporation - Old Mill

BC

126 new Condo Guide june 29 - july 13, 2013

WORD ON THE STREET ACT NOW! WELL UNDER CONSTRUCTION - MOVE IN THIS YEAR!

introducing

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

M ERTO N YO NGE TOWNHOM E S

N

DAVISVILLE PRESENTATION CENTRE MERTON

TTC SUBWAY

Fresh Urban Towns from the low $500,000’s Tower Suites from the low $300,000’s

YONGE

➤

EGLINTON

SITE ST. CLAIR

To see up-to-date construction progress visit cresford.com Visit the New Presentation Centre 170 Merton St. Toronto, ON. M4S 1A1 416.484.1900 myccondo.com

BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST CONCEPT. E.&O.E. june 29 - july 13, 2013 new Condo Guide 127

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

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

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

RICHMOND ST. W N

CAMDEN ST. ADELAIDE ST. W KING ST. W

SPADINA AVE.

SPACIOUS LOFTS IN THE 400’s $

BRANT ST.

MOVE IN NOW

COMING SOON

Toronto’s next great neighbourhood begins on the water’s edge.

Set to become Toronto’s next great waterfront address, AQUALINA at Bayside is located in a master planned community positioned on the city’s waterfront. Located directly on Lake Ontario and surrounded by greenspace, landmark attractions, accessible transit and cultural flavour, this sustainable neighbourhood will soon illuminate the Harbourfront.

Register today at tridel.com

LOCATION

QUEENS QUAY EAST Adjacent to Sherbourne Commons

CONTACT US

PHONE 416.514.2710 WEB TRIDEL.COM aqualina@tridel.com

A Tridel Built Green. Built for Life.® community. *Prices and specifications are subject to change without notice. Illustrations are artist’s concept only.

Building and view not to scale. Tridel®, Tridel Built for Life®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2013. All rights reserved. E.&O.E. June 2013.

Facebook.com/Tridel

Twitter.com/Tridel

tridel.com

PRICES STARTING

SUITES FROM $493,000*

PRESENTATION CENTRE

2487 BLOOR STREET WEST TORONTO Bloor & South Kingsway CONTACT US

PHONE 416.645.7022 WEB TRIDEL.COM oldmill@tridel.com

NOW UNDER CONSTRUCTION. OCCUPANCY SUMMER 2014.

Modern condo living in historic Old Mill. Discover stunningly large residences at One and Two Old Mill with the kind of freedom and space you’re used to in your own home. These two luxurious condominiums are located in the delightful Old Mill pocket bordering the Humber River, steps from the charm and convenience of the Kingsway and Bloor West Village.

One Old Mill

Signature Collection from $1,650,000*

Two Old Mill

Diamond Collection from $598,000* Penthouse Collection from $805,000*

Relax, it’s a Tridel.

PRESENTATION CENTRE HOURS: Monday to Thursday: 11am - 7pm Friday: Closed Saturday, Sunday & Holidays: 12noon - 6pm

A Tridel Built Green. Built for Life.® community.

Awarded Tarion and BILD 2013 Home Builder of the Year.

*Prices and specifications are subject to change without notice. Illustrations are artist’s concept only. Building and view not to scale. Tridel ®, Tridel Built for Life®, Tridel Built Green. Built for Life.® are registered trademarks of Tridel and used under license. ©Tridel 2013. All rights reserved. E.&O.E. June 2013.

tridel.com