Nov 30 - Dec 14, 2013 Volume 17 Issue 22
The
ULTIMATE LIFESTYLE creating. defining. inspiring.
INSIDE THIS ISSUE
CONDO FEES: LUXURY LIVING AT AN AFFORDABLE PRICE
2013 GIFT GUIDE: 50 GIFTS UNDER $50
MOVING SAFELY IN WICKED WEATHER
Perfection is in the details.
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Follow us on
@Camrost
Prices and specifications are subject to change without notice. E. & O.E. Brokers protected.
editor’s note
Make wise choices
and enjoy the process
When only a brand-new home or condo will do, those in the market will be pleasantly surprised by the exceptional value and attention to detail “new” 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.
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
If you’ve always fantasized about buying a brand new condo suite, 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 start your hunt; ›› 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; ›› To save money, consider which upgrades you could purchase and install yourself after the sale closes. Some upgrades such as rough-ins and wiring inside the walls are easier to do during construction. Factors such as the cost of the home, the neighbourhood, the size and special features all play a big role in your final decision. Determining which features your new place absolutely must have, and which features you could live without, should be among your first steps in the home-buying process. We hope you enjoy this issue of New Condo Guide. Let us know what you think! We’d love to hear from you.
Maintenance fees pay for the perks
Lydia McNutt
Editor
Wall2Wall Media Lydia.McNutt@wall2wallmedia.com Follow me on Twitter at Twitter.com/LydiasTweets
002 new Condo Guide nov 30 - dec 14, 2013
First-time homebuyers are often caught off guard by the concept of condo fees. “You mean, I have to make this payment every month, in addition to my mortgage payment?” They ask this question without really considering what they are getting for their money. The real question to ask would be, why are you choosing the condo lifestyle? A big draw to condominium living is the built-in luxury it offers. The lockand-leave lifestyle lets you travel on a whim with no worries about security, snow shovelling and the like. Your home may also come equipped with amenities like a pool, a gym, a rooftop patio, a theatre and games room, a party room with catering kitchen – the list is long and it is luxe. Yes, you pay a monthly maintenance fee, but what would it cost to add all these incredible amenities to a lowrise home? All of these wonderful extras contribute to the attractive condo lifestyle while you live there, and should you ever choose to sell, they will beef up your bottom line as well. Consider your condo an investment, and those monthly fees ensure that all the elements which attracted you to condominium living in the first place remain in good shape.
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CONDOMINIUMS
Follow us on
@Camrost
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 003
new condo guide
contributors
Vice-President, Wall2Wall Media
Jacqueline Hill Editor-in-Chief / Director of Content
Susan Legge Director of Sales, National
Josh Heppner Associate Publisher SWO New Homes & Lifestyle Communities
Susan Maxwell Art Director
Sarah Jang Editor
Lydia McNutt Contributing Editors
BILD Report
Legally Speaking
Designer Advice
Bryan Tuckey
Jayson Schwarz
Yanic Simard
Bryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/ bildgta), Youtube (youtube.com/bildgta) and BILD’s official blog (bildblogs.ca).
Jayson Schwarz LL.M is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. Visit the website at schwarzlaw.ca or email info@schwarzlaw.ca.
Yanic Simard is New Condo Guide’s design editor and the principal designer of the Toronto Interior Design Group, specializing in residential and commercial projects. Yanic has created designs for clients in Toronto, Montreal and Miami, and appears as a regular guest expert on Citytv’s CityLine. Visit tidg.ca.
Sara Duck Wayne Karl Elisa Krovblit Design Editor
Yanic Simard
Sales Manager
Conni Robinson 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
Condo pro
City Scene
Barbara Lawlor
Brad J. Lamb
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.
Brad J. Lamb is president of Lamb Development Corp. and Brad J. Lamb Realty. Over the last 25 years he has successfully led the marketing and sales programs for over 100 condominium projects in Toronto, Ottawa, Montreal and most recently Calgary. Visit torontocondos.com or follow Brad on Facebook, Instagram and Twitter @BradJLamb
Investor Advice
Andrew la Fleur Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto condo market. Visit TrueCondos.com/ NewCondoGuide for a free gift. Call 416.371.2333 or email andrew@truecondos.com.
Sandra Hanak-Vujnovic Graphic Designers
Caroline Wassef Sandra Hanak-Vujnovic
Published By
#500-401 The West Mall Etobicoke, On M9c 5j5 T 416.626.4200 F 416.784.5867
Call 416.626.4200 for advertising rates and information. 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
Circulation
money matters
Fitness Gallery
Style File
Gail Vaz-Oxlade
Mark J. Stables
Heather Segreti
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
Mark is founder of Benchmark Group and Movement Haus. His in-depth knowledge coupled with a passion for architecture and design yields an optimal exercise environment for today’s urban athlete. Visit online at movementhaus.com and benchmarkgroup.ca, or call 416.428.3536.
Founder and president of Toronto-based Segreti Design, Interior Designer Heather Segreti is a member of ARIDO and IDC, with more than 22 years of experience. Visit her online at segretidesign.com.
004 new Condo Guide nov 30 - dec 14, 2013
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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006 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
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NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 007
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CREATIVE CONSULTANT AT LOVE OF MINE BOUTIQUE, 781 QUEEN WEST
THE NEIGHBOURHOOD. RAW. ORGANIC. UNSCRIPTED. COMING SOON CONDOMINIUMS AT QUEEN WEST & DOVERCOURT Feel the vibe – an eclectic fusion of art, fashion, culture, creativity and style. Live the life you love at the heart of everything Queen West.
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008 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
it’s all about you®
E1 PH A S
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MONDAY – THURSDAY 12 – 7PM, SATURDAY & SUNDAY 12 – 6PM, FRIDAY CLOSED Exclusive Listing Brokerage Circle M Realty Corporation. Prices and specifications are subject to change without notice. Illustration is artist’s concept E.&O.E.
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 009
UNDER CONSTRUCTION
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*See a sales representative for full details. Limited time only. Exclusive listing brokerage, Circle M Realty Corporation, Brokers Protected. Illustration is artist’s concept. Prices and specifications are subject to change without notice. E & O.E.
010 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
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. • 24-hour executive concierge • professional butler Service • spa & wellness services
• executive home maintenance service • 3 elegant lobby lounges
CONDOMINIUMS FROM THE $270’S 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.
table of contents
Nov 30 – Dec 14, 2013 volume 17 issue 22
20
Lifetime Developments combines location with the ultimate lifestyle
50
columns, news & features 002 Editor’s note Columnists
034 taxing issues Pooling financial resources by henry choo chong
014 bild report Minister, let’s make new homes more affordable
048 tarion Report Five steps to happy home buying
028 Fundamentally Speaking What buyers can do about development charges
050 Designer Advice All-uminum you need
by bryan tuckey
by Wayne Karl
032 Condo Pro Condominium fees: Delivering affordable luxury to your front door by barbara Lawlor
033 Investor advice Five questions for first-time condo investors by Andrew la fleur
by howard bogach
by Yanic Simard
056 legally speaking The importance of the pre-closing inspection by jayson schwarz
058 The Mortgage Minute Saving thousands by making sense of mortgage terms by Peter Kinch
062 Industry Insider The buying process, step by step by David Hirsh
074 City Scene An expanded island airport is good for Toronto’s real estate economy by Brad J. Lamb
096 Make Your Move Blizzards, black ice and moving by Chuck Resnick
100 Fitness Gallery The importance of sleep by Mark J. Stables
116 Quick Tips Overjoyed, not overwhelmed: Holidays without hassle by Hellen Buttigieg
In The News
026 Urbanation Toronto condo rental market continues to hit new highs 038 TD Insurance Canadian snowbirds are taking flight, but is their insurance up in the air? 044 Fieldgate Homes Fieldgate prepares to launch 90 Niagara Boutique Lofts and Condos at Niagara and Bathurst 046 Pemberton Group Ten93 Queen West neighbourhood news: The Theatre Centre announces 2014 schedule and final Capital Campaign push
106 Tower Hill Developments Buyers embrace a sculptural landmark at 2221 Yonge 118 Peel Children’s Aid Foundation Make holiday wishes come true Homebuyers’ Help
016 Hot Dates What’s happening in and around the GTA 054 Scrumpdillyicious Cranberry and pecan Brie en croûte by Leslie Styles
066 Trendspotting Stacked and urban townhomes: A hybrid of highrise condos and traditional homes
40
40
by Anthony Jong
45 Charles Ltd. & Edenshaw Homes
068 Finances Using your RRSPs to help make the downpayment on your first home
Chaz.Yorkville Yorkville’s premier luxury condominium brings high style to the holiday season
072 Homebuyers’ Help Avoiding big problems in small spaces
70
077 Gift Guide 50 gifts for $50 or less
Gemterra Developments
by Sara Duck
Love Condos True love in the heart of Scarborough
094 condo watch 416 Previews, new releases and grand openings in the 416 area
98
102 Finances How to take finances from mine and yours to ours, at any age
Lindvest
The Brownstones At Westown Discover tremendous value at Weston Road and Sheppard Avenue West
103 Homebuyers’ Help Condo hunter’s checklist 104 Money Matters Holiday shopping without the hangover by Gail Vaz-Oxlade
108 Style File Lydia McNutt chats with interior designer Heather Segreti on decorating with festive flair 110 condo watch 905 Previews, new releases and grand openings in the 905 area 121 Condo Buyers’ Resource Section You love the home, see what you can afford 126 Index of advertisers
condo profiles
70 98
bild report
// By bryan tuckey
Minister, let’s make 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 blog (bildblogs.ca).
I
t’s becoming more difficult for people to afford a new home, and the rising price of a new home is having a ripple effect on Ontario’s economy. When consumer confidence is shaken, it causes sales to fall due to uncertainty in the real estate market. Money that could help our economy grow and create jobs isn’t moving. The province is seeking public input into how it can improve land-use planning in a series of town halls and through email during an 80-day consultation. As a land-use planner with experience at all levels of government, I believe affordability needs to be at the forefront of this conversation with the Minister of Municipal Affairs and Housing, Linda Jeffrey. During the consultation process, I’m writing to contribute to the discussion. But BILD and the Ontario Home Builders’ 014 new Condo Guide nov 30 - dec 14, 2013
more affordable
Association are contributing in other ways, too: we held our joint “Fighting for Affordability and Fairness” forum recently where we discussed the key issues of the consultation to try to move the conversation forward. With government fees and charges representing at least one-fifth of the cost of a new home, according to a report by Altus Group, it’s time the province took a hard look at why new-home buyers are being asked to contribute so much. It’s not as though new-home buyers aren’t pulling their weight to help pay for the growing needs of their communities. In 2012, the industry and new-home buyers in the GTA contributed an estimated $1 billion toward the construction of growth-related infrastructure such as sewers, roads and transit through development charges to municipalities. That same year, residential construction in the GTA employed 202,700 people and generated more than $10.8 billion in wages. Back to the report. Altus Group is an economic consulting firm that released a report this summer on municipal fees and charges collected by six communities in the GTA: Toronto, Markham, Oakville, Brampton, Bradford-West Gwillimbury and Ajax.
When consumer confidence is shaken, it causes sales to fall due to uncertainty in the real estate market. Money that could help our economy grow and create jobs isn’t moving. Among the report’s key findings, government charges and fees amounted to an average of $116,200 on a new single-detached home, representing 22 per cent of a new home’s cost. For a new highrise home, government fees averaged $64,000 – 20 per cent of the cost. But that doesn’t include the interest paid by new-home buyers. According to Altus, a new-home owner with a $500,000 mortgage would pay an average of $291,800 in interest over 25 years. For every additional $10,000 in mortgage principal, interest costs go up $5,830 over the life of the mortgage. So what does this mean? For every additional $10,000 fee for parkland dedication, for example, on to that new-home buyer’s $500,000 mortgage, the buyer will pay out almost another $6,000 of interest. Fairness needs to be part of the discussion. This kind of charge hurts a buyer’s ability to improve his or her family’s life in a new home, as well as our industry’s ability to contribute to the economy. With 100,000 people and 50,000 jobs coming to the GTA every year, the province and our industry have to accommodate a lot of families. It’s important for the province to remember that the new-home buyers in those families keep our economy moving.
NOW ON SALE! Already under construction
HighPark Condominiums is located just moments to Toronto’s largest urban park, steps to a variety of shops and restaurants within Bloor West Village and offers easy and convenient access to the Bloor Subway. The response to this exceptional new residence within one of Toronto’s most desirable neighbourhoods has been overwhelming. Don’t wait - Discover your new home at Daniels’ HighPark Condominiums today!
SUITES FROM THE
$300,000s
DUNDAS ST W
$815,900
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HIGHPARK CONDOMINIUMS PRESENTATION CENTRE
Exclusive Listing: CityLife Realty Ltd. 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 BLBrokerage. O R 015 ST WCorporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited. graphics are the copyright of the owners,OThe Daniels
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hot dates
november 2013 Calendar of events taking place from November 30 – December 14
highlights
Nov 30
Cavalcade of Lights
Nov 28 – Dec 8
One of a Kind Craft Show and Sale
016 new Condo Guide nov 30 - dec 14, 2013
Nov. 30
Until Dec. 8
Cavalcade of Lights
One of a Kind Christmas Show and Sale
Nathan Phillips Square Saturday, Nov. 30 will mark the official start to the holiday season in Toronto with the Cavalcade of Lights celebration presented by Great Gulf. Now in its 47th year, this annual event includes the lighting of the holiday tree, performances by some of Canada’s top musical talent, a brilliant fireworks show and a skating party at Nathan Phillips Square. This family-friendly event is free. Visit the website for more information. toronto.ca/cavalcade
Direct Energy Centre Exhibition Place Heralding the approach of the holiday season, this popular craft show and sale is your one-stop shop for all your gifting needs – whether buying for someone deserving or treating yourself. Browse hand-crafted art, jewelry, fashion, accessories, housewares and one-of-a-kind treasures by more than 800 artisans and designers. Visit online for tickets and details. oneofakindshow.com
Dec. 14 – Jan. 4
Until Mar. 14
The Nutcracker
Ice Skating
Four Seasons Centre for the Performing Arts, 145 Queen St. W. The National Ballet of Canada presents its annual holiday show, The Nutcracker, which tells the tale of two children, Marie and Misha, who enter into the magical world of the Nutcracker, filled with Sugar Plum Fairies, rat kings and more. Breathtaking choreography and dance, magical music, a dream-like stage and dazzling costumes bring this classic story to life. national.ballet.ca
Natrel Rink 235 Queens Quay West Enjoy a fun and free skate at the city’s most scenic skating rink, tucked behind York Quay Centre and set against the Lake Ontario shoreline – a winter-time tradition for 30 years! Strap on your helmet and skates (if you don’t own, there are rentals on site) and enjoy the crisp air and the beautiful scenery. Call 416.973.4866 or visit online for details. harbourfrontcentre.com
THE ONE YOU’VE BEEN WAITING FOR.
It’s never been a better time to buy a Monarch home. Enjoy incredible buyer incentives at all of our communities, and make your dreams of a new condo come true today.
MONARCHGROUP.NET
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A great selection of suites still available. Immerse yourself in the luxury of one of Etobicoke’s final urban waterfront settings. SALES CENTRE 2167 Lake Shore Blvd. West, Etobicoke Monday – Thursday 12pm – 6pm Weekends & Holidays 12pm – 5pm Closed Fridays 416.495.3544
Always home.
MONARCHGROUP.NET
*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. November 2013. 22515
THE ONE YOU’VE BEEN WAITING FOR. WITH THE SAVINGS YOU WANT. It’s never been a better time to buy a Monarch home. Enjoy incredible buyer incentives at all of our communities, and make your dreams of a new home come true today.
MONARCH COMMUNITIES.
MONARCH, CANADA’S OLDEST AND MOST EXPERIENCED BUILDER.
ETOBICOKE WATERFRONT
ETOBICOKE WATERFRONT
NORTH YORK
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SALES CENTRE: 2167 Lake Shore Blvd. West, Etobicoke 416.495.3544
SALES CENTRE: 4195 Dundas St. West, Etobicoke Entrance on Prince Edward Dr. 416.495.3530
KINGSWAY
UNDER CONSTRUCTION
UNDER CONSTRUCTION
SALES CENTRE: 2167 Lake Shore Blvd. West, Etobicoke 416.495.3544
SALES CENTRE: Open on weekends only 10350 Woodbine Ave, Markham 416.495.3595
MARKHAM
UNDER CONSTRUCTION
UNDER CONSTRUCTION
By appointment only 416.495.3548
SALES CENTRE: 256 Queen St. West, Toronto 416.495.3549
DOWNTOWN TORONTO
2013 TARION AWARD OF EXCELLENCE FINALIST HIGH-RISE BUILDER OF THE YEAR LARGE VOLUME BUILDER OF THE YEAR
SALES CENTRE HOURS: Monday – Thursday 12pm – 6pm, Weekends & Holidays 12pm – 5pm, Closed Fridays
MONARCHGROUP.NET Like us on:
Follow us on:
facebook/monarchcorp
twitter@monarch _ group
*Limited time only. Some conditions apply. Please ask a sales representative for full details. Prices, specifi cations and promotions are subject to change without notice. E.&O.E. November 2013. 22515
THIS IS HoT:
BoUTIQUE-STYLE CoNDo LIVING. WINSToN CHURCHILL AND EGLINToN. When you own a new home at HOT you will enjoy a wide range of fabulous luxuries and finishes like 9’ ceilings, designer kitchens with granite counter tops, premium appliances, bathrooms with oversized showers, walk-in closets and exclusive use of the gym, lounge and BBQ Patio. This is as hot as it gets in Erin Mills. visit our award-winning Presentation Centre today.
1 BEDRoom CoNDoS FRom $273,990. 2 BEDRoom CoNDoS FRom $367,990. NoW UNDER CoNSTRUCTIoN.
The clean, urban design of BoConcept is the recommended furnished look for HOT condominiums. ask about our special incentive. BoConcept.ca
PRESENTATIoN CENTRE 4635 METCalFE avE, MISSISSauga 905.828.4257 HoTCoNDomINIUmS.Com
Prices, sizes and specifications subject to change without notice. E. & O.E. Illustration is artist’s impression. Presentation Centre is open Monday to Wednesday from 12pm to 7pm, Saturday and Sunday from 11am to 6 pm and closed Thursday and Friday.
Own your piece of the sky at Yonge & Richmond
BOUTIQUE LIVING STARTS ON THE 34TH FLOOR 150 private residences coming this fall . Luxury boutique living starts on the 34th floor at Twenty Lombard Street. Your private lobby entrance features soaring double height ceilings and dedicated elevator bank. Enjoy 9,000 sq. ft. of exclusive amenities including a spa-like fitness studio, outdoor sky pool and unobstructed lake views – all in the privacy of the 45th floor. Enjoy the utmost in privacy, refinement and location at Yonge and Richmond.
REGISTER TODAY AT YONGEANDRICH.COM 416 499 8883
Illustrations are artist’s impression. Exclusive Listing: Baker Real Estate Incorporated, Brokerage. Broker’s protected.
018 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
Condominiums at the corner of Yonge & Eglinton Direct access to the subway Starting from the $300’s Presentation Office located at 2300 Yonge Street, Lobby
ECONDOS.CA 416.243.8688 @BazisInc
Exclusive Listing: Baker Real Estate Incorporated, Brokerage. Brokers Protected. Rendering is artist’s concept. Prices and specifications are subject to change without notice. E. & O.E.
019
cover story
LIFETIME DEVELOPMENTS
COMBINES LOCATION WITH THE ULTIMATE LIFESTYLE As one of the city’s leading condo developers,
Lifetime has always believed that location says it all. But while building great condominiums in great neighbourhoods is what Lifetime is known for, the developer understands that it takes more than an ideal location to build the best condos. “I think it’s our appreciation for iconic architecture, distinctive design, smart pricing and strategic marketing that have helped us succeed in a very competitive marketplace,” says Brian Brown, vice-president of Lifetime Developments. “It’s also our ability to understand that in successful condo developments, one size doesn’t fit all.” The Lifetime method is to create signature projects in distinctive neighbourhoods, believing that unique location requires unique approaches. Whether in Yorkville, King West or the Entertainment District, Lifetime’s projects, including The Bond, Four Seasons Private Residences, Victory Condos, INDX and BISHA, give residents a lifestyle as unique as they are, while also offering a dynamic blend of architecture styles and interior designs, a range of price points and industry-leading amenities. 020 new Condo Guide nov 30 - dec 14, 2013
Four Seasons Private Residences Recognized as one of Toronto’s most luxurious condominium/hotel developments, Four Seasons Private Residences has become a new epicentre of Toronto’s Yorkville neighbourhood. From its new location at 60 Yorkville Ave., residents and guests are in the centre of it all. Featuring elegant suites and breathtaking common areas designed by Yabu Pushelberg and Gluckstein Design Planning, the condominium and hotel project, developed in association with Menkes and the Four Seasons, is among Toronto’s most desirable new addresses. Not only is Four Seasons Private Residences just steps away from Bloor Street shopping, the ROM and a multitude of gourmet restaurants, residents can step downstairs to enjoy the popular hotspots Café Boulud and Buca (opening soon). The Bond Now well under construction, with occupancy anticipated for June 2016, The Bond is located at Adelaide and
John Streets – the intersection of Toronto’s future cultural corridor and Entertainment District. From its signature location at 290 Adelaide St., residents can stroll to see the latest exhibit at TIFF Bell Lightbox, take in a live theatre show, or enjoy one of the many nearby restaurants. Designed by Charles Gane at Core Architects, the sleek and modern 40-storey tower will include 369 suites, designed by Tomas Pearce Interior Design Inc., each boasting nine-ft. ceiling heights, expansive floor-to-ceiling windows, and spacious balconies. For more information go to thebond.ca. Victory Condos Located near King and Spadina – the heart of Toronto’s trendy King West neighbourhood – Victory is a stunning 12-storey, 180-unit condominium residence, completed in 2011, offering the ultimate in downtown living. Now home to two of Toronto’s most talked about eateries, Victory residents don’t even have to leave the comfort of their own home to enjoy a delicious meal. Weslodge, with its landmark yellow doors, beckons patrons with a refined palate to enjoy the saloonstyle atmosphere; while Patria, set back from the hustle of King Street, offers diners award-worthy traditional Spanish cuisine.
INDX Set in the heart of Toronto’s Financial District, INDX Condos, developed in partnership with CentreCourt Developments, is a Toronto condominium that has fully embraced the “work hard, play hard” mentality of its iconic neighbourhood. Now well under construction, INDX was launched in 2012 and quickly became one of Toronto’s fastest-selling condominium developments, due to the location, design decisions and package of signature amenities that appealed to the Bay Street crowd. Standing 54 storeys tall at Bay and Adelaide, INDX is designed by award-winning architectural firm Page + Steele / IBI Group, located just steps from all of Toronto’s major office buildings, the Yonge and University subway lines and the underground PATH network. BISHA Hotel and Residences Part condominium, part hotel, BISHA is a 41-storey tower designed by architect Rudy Wallman, with interiors by the internationally recognized firm of Munge Leung. With construction underway, BISHA’s Toronto location sets the new standard for hip, luxurious hotel living. Poised to become a cultural landmark, BISHA will engage residents and guests with its cosmopolitan amenities and proximity to renowned restaurants, live theatre, sporting venues, shopping and galleries. The building’s architecture plays into the refined nature of the hotel residence, with a dramatic exterior façade of glass and steel complemented by the traditional red brick cladding and stone trim of the retained heritage building. For more information, go to bisha.com. For more information on these and other projects by Lifetime Developments, go to lifetimedevelopments.com. nov 30 - dec 14, 2013 new Condo Guide 021
022 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
023
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Exclusive listing brokerage Baker Real Estate Incorporated. Brokers Protected. Prices, sizes and specifications subject to change without notice. E.&O.E. *Principle, interest and taxes included. Based on a 1 year term amortized over 25 years at 3.14%. 024 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
COMING SOON PHASE III CONDOMINIUMS Tradition meets urban living with cool designs and modern interiors. Introducing the final phase of Italian inspired living in North York. Palazzo at Treviso III offers luxurious new suite designs and gorgeous finishes, just steps from everything you desire.
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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.
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 025
in the news
Toronto condo rental market
CONTINUES TO HIT NEW HIGHS For the second straight
the number of condominium apartments rented through the Multiple Listing Service (MLS) system reached a new record, soaring by 39 per cent from last year to 6,451 units, according to the rental market results released recently by Urbanation Inc., leading source of information and analysis on the Toronto quarter,
“ We’re seeing some positive early impacts on the market from the increased level of investor-purchased pre-construction condos in recent years. The rapid growth in activity indicates a significant amount of pent-up demand for new rentals, which has allowed rents to move higher and further encourage investors to hold onto their properties.” 026 new Condo Guide nov 30 - dec 14, 2013
condominium market since 1981. The total number of transactions for 2013 is set to surpass 20,000 units, which follows 15,355 units in 2012 and 13,674 units in 2011. Rental demand has been able to keep pace with the strong rise in listings, which were 47 per cent higher than the same time last year. Supply has been driven up by a rising number of completed projects. Over the past four quarters, nearly 16,000 units were registered. Of the 4,609 units registered in Q3-2013, 24 per cent were rented out during the quarter. On a per square foot basis, average rents grew by 4.2 per cent year over year to $2.41. However, a strong inflow of smaller units to the market held annual growth in overall rents to 1.6 per cent, with an average monthly rate of $1,875 in the third quarter. “We’re seeing some positive early impacts on the market from the increased level of investor-purchased pre-construction condos in recent years. The rapid growth in activity indicates a significant amount of pent-up demand for new rentals, which has allowed rents to move higher and further encourage investors to hold onto their properties,” says Shaun Hildebrand, Urbanation’s senior vice-president. “While there are several key drivers that are expected to keep rental transactions in the condo market steady going forward, supply growth is expected to be relatively stronger over the next few years, creating more balanced market conditions and a flatter profile for rents,” adds Hildebrand. ABOUT URBANATION
Urbanation is Canada’s leading condominium market research company. Since 1981, Urbanation has analyzed the Toronto condominium market, publishing the “industry bible” – Urbanation’s Condominium Market Survey. This quarterly report tracks new, resale and future condominium projects. The newest report from Urbanation is UrbanRental, which tracks activity in the condominium rental market. Urbanation also provides the development community with essential consulting services, which include site and topic specific market studies and surveys.
39% The number of condo apartments rented through the MLS system soared by 39 per cent from last year to 6,451 units.
47% Rental listings were up 47 per cent compared to the same time last year.
4.2% On a per square foot basis, average rents grew by 4.2 per cent year over year to $2.41.
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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. *The One Year Free Metropass and Daniels’ Rent-To-Own Program are a limited time offer and only available on a select number of suites. See Sales Representative for full details. Prices, specifi cations 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 prior written permission of The Daniels Corporation, is strictly prohibited.
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 027
fundamentally speaking
What buyers can do about
// by wayne karl
Development Charges ›› How much are we talking about?
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
G
et ready, new-home buyers. No, not just in your general preparedness for buying a home, but for an increasingly difficult – not to mention controversial – issue that’s costing you more money. And you likely don’t even know it. Development Charges. If you’re not familiar with the term, you likely will be soon, as it’s a contentious issue facing home builders – and therefore buyers – across the country. Just what are Development Charges? In short, they are the fees applied by various levels of government when new homes are built, to pay for new infrastructure such as roads, transit and other necessities. That part you may know. But what you likely aren’t aware of is that these fees are rising exponentially, have been for years, and they’re occupying an increasingly high portion of new-home costs. And they’re passed right on to you, the homebuyer. 028 new Condo Guide nov 30 - dec 14, 2013
Toronto City Council recently voted to increase Development Charges by 75 per cent, to almost $30,000 for a semi or single-detached home. These new fees will be phased in, beginning Feb. 1, 2014 and fully implemented by Feb. 1, 2016. It’s even worse further out in the GTA. According to a report from Altus Group, an economic consulting firm, municipal fees and charges collected by Toronto, Markham, Oakville, Brampton, Bradford-West Gwillimbury and Ajax average out to about $116,200 on a new single-detached home, representing 22 per cent of the cost. For a new highrise, the fees average $64,000 – or 20 per cent. But this is not just a GTA, Toronto or even an Ontario problem. In Ottawa, Development Charges and other government-imposed fees today account for about 23 per cent of the cost of a new home. Twenty-five years ago, they accounted for just three per cent. In Metro Vancouver, the various government taxes, fees and levies range from 16 to 27 per cent of the cost of a new home, depending on the city and the type of housing. Though the problem may differ slightly from one city and province to the next, with critics arguing the fee increases are largely arbitrary, the concern is universal: new-home buyers are picking up a disproportionate part of the tab for infrastructure development. ›› So, what can you do about it?
Thanks to the Building Industry and Land Development Association speaking out on the matter, the Ontario government is now looking at how to better plan and pay for development. The Ministry of Municipal Affairs and Housing is consulting with the public, municipalities and stakeholders on possible changes. The public is invited to comment by Jan. 10, 2014, by:
› Sharing your views at a meeting › Submitting comments at ontario.ca/landuseplanning › Emailing a submission to dcaconsultation@ontario.ca › Or writing to: Development Charges Consultation, Ministry of Municipal Affairs and Housing, Municipal Finance Policy Branch, 777 Bay St., 13th Floor, Toronto, ON M5G 2E5 › A discussion guide is also available at mah.gov.on.ca As a prospective new-home buyer, you may not appreciate the importance of the Development Charges issue just yet. But if you or family members are a few or even several months away from making a purchase, you may learn the hard way what many are already concerned about: if such fees are allowed to rise unchecked, new-home affordability in the GTA and elsewhere in Ontario will eventually be severely threatened. And that will be a price that, ultimately, no one can afford to pay.
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 029
030
031
condo pro
// by barbara lawlor
affordable Condominium Delivering luxury to your fees: front door
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 sales of condominium developments in the GTA and overseas. Keep current with The Baker Blog at blog.bakerrealestate.com
T
here are oh, so many benefits of condominium living – but the one that often tops the lists of purchasers is having access to wonderful amenities in gorgeously landscaped buildings without having to take care of maintenance and repairs. The time you would spend weeding the garden, raking leaves, shoveling snow and the like can be spent instead soaking in the whirlpool, swimming, watching the latest film in the on-site theatre, playing virtual golf, or engaging in any of the other activities available under your very own roof. Remember, however, that over time, all residences require upkeep – and that’s where the condo maintenance fee comes in. Your monthly payment is critical to ensuring that your quality of life remains high. Funds must be in place to handle arrangements for cleaning, 032 new Condo Guide nov 30 - dec 14, 2013
upkeep and repairs of a condominium’s common areas. It’s important that you consider these fees fairly when you compare them to the expenses you’d incur in a lowrise home for similar services. Take security, for example. Most condominiums today offer 24/7 concierge service, and these professionals require salaries. If you were to add a security system to a lowrise home, you would pay a monthly fee for monitoring. Keep in mind, too, that a substantial percentage of condo maintenance fees covers utilities such as hydro, gas and water, which you would pay for separately from your mortgage in a lowrise home. The great thing is that many condos today offer individual hydro and water metering per suite. Most buyers are happy to pay for what they use, and they appreciate the fact that if they are away for weeks or months, their hydro and water bills are low for those periods. Looking at maintenance fees in the bigger picture, they also help to protect your real estate investment. Often, people forget that the ongoing cleaning and maintenance of things like elevators, the lobby and hallways is important. In addition, a portion of your maintenance fees goes toward the “reserve fund,” which remains on hand so that essential services can be paid for in the future. The condominium board administers the fund, which covers any unexpected repairs.
You may think you will not use a pool or another amenity, but your guests may be happy to indulge Now and then, we hear from potential purchasers that they resent having to pay maintenance fees that support a particular amenity they do not plan to use – most commonly, the swimming pool. You should know that the costs to maintain and service a pool and whirlpool are a very small portion of the annual condominium budget. You may think you will not use a pool or another amenity, but your guests may be happy to indulge. The condo amenities also enhance the resale value of your suite in the future, and you never know – once you move in and see for yourself just how beautiful today’s amenities are, you may love the very things you thought you might not use! As I so often say, amenities are an extension of your living space, and our condo developers are creating simply stunning areas where neighbours and friends can gather without ever leaving the building. Again, it’s a matter of perspective. In a lowrise home, someone has to mow the lawn, weed the garden, and wash the outside windows. Hiring professionals to handle these chores costs money. Much of your condo maintenance fees go to items you would have to find the money for anyway. In the end, it’s so worth it to afford you luxury, convenience and free time.
Standing above the rest for more than 60 years.
Our Life Storey
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TORONTO
COMING SOON
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CONNECT WITH TORONTO’S ULTIMATE LIVE WORK PLAY ADDRESS Welcome to Harbour Plaza, a spectacular master planned condominium community in the heart of Toronto’s vibrant Southcore Financial District. An iconic landmark on the downtown skyline, Harbour Plaza is graced with soaring architecture, incomparable lifestyle amenities and a superb collection of modern urban suite designs, all directly connected to the extensive PATH network.
OUTDOOR TERRACE
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Prices and specifications are subject to change. E.&O.E. November 2013
Where will your life storey take you this Holiday Season?
Coming Soon York & Harbour Toronto Register now at menkes.com
Now Open North Burnhamthorpe off The West Mall, Etobicoke Starting from $279,990 416.259.2525
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Happy holidays from your friends.
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Avenue & Davenport Toronto Starting from $396,900 416.323.0100
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Prices and specifications are subject to change. E.&O.E. November 2013. 22068
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For the last sixty years, Menkes has been a central chapter in the life storeys of so many. From spacious, single family homes in friendly neighbourhoods to sleek and contemporary condominium retreats, discover spaces that allow you to create the storeys that matter most – yours.
Yonge & Park Home Bay & Yorkville North York Toronto Starting from Starting from $384,990 $1.9 million 416.730.9722 yorkvilleresidences.com 416.775.7500
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investor advice
// by andrew la fleur
Five questions for
First-Time Condo Investors
S
o, you’ve decided to buy an investment condo in 2013. Congratulations! As a first-time investor, there are five questions you need to ask yourself before buying a new condo:
Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto Condo Market. Visit TrueCondos.com/NewCondoGuide for a free gift. Contact Andrew at 416.371.2333 or andrew@truecondos.com
Most new condos will require a 15 to 20 per cent deposit up front, as well as a mortgage approval letter showing you can afford the unit you are purchasing.
1 | What are your goals? Before you buy any investment condo, you should figure out what your goals are. Are you looking to make a short- or long-term investment? What kind of return are you looking to achieve? Are you more interested in income or capital gain – or both? Deciding what your goals are up front will better help you achieve them in the long run. 2 | What can you afford? Talk to your mortgage broker or lender and get a mortgage pre-approval before you start your search. This will help you figure out what you can afford, and will help you narrow your search. Also, make sure you are prepared for the developer’s requirements with respect to financing. Most new condos will require a 15 to 20 per cent deposit up front, as well as a mortgage approval letter showing you can afford the unit you are purchasing. 3 | What is your exit strategy? This is a very important question many first-time investors fail to answer before buying a new condo. Will you buy, hold and rent for the long term before selling? Will you buy pre-construction and then flip (assign) your unit prior to the final closing? Will you buy pre-
construction, close on the unit, rent it out for one or two years and then sell it? Will you buy, wait for completion and then refinance and re-invest the proceeds? Take time to assess the risks and rewards associated with the different exit strategies and start with the end in mind. 4 | What should you buy? Buying a new condo for investment purposes is different than buying for yourself. Some units make better investments than others. Questions to consider include: Which locations are likely to experience the most growth in the next few years? What type of unit is the most attractive to renters? Which type of unit tends to appreciate faster than others? 5 | When should you buy? Understanding the typical marketing cycle that a new condo goes through, from pre-construction to completion, will help you identify the right time to buy. When buying for investment, it is generally best to buy at the earliest possible stage when a new building launches. This is when prices are the lowest and availability of investorgrade suites is highest. But there are other great opportunities to buy, including right before the developer meets the sales target to secure construction financing, or during the occupancy stage. In both of these instances, developers tend to be highly motivated to sell, and this is when they often introduce great buyer-incentives or cash discounts. nov 30 - dec 14, 2013 new Condo Guide 033
taxing issues
// By henry choo chong
Pooling financial resources
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
My wife and I would like to purchase a condo but the initial downpayment is an issue. My mother and uncle are new immigrants to Canada and have approached us to buy a condo together. What do you think of buying a condo with family members? Tse, Scarborough
A
The pride of home ownership is a dream for most Canadians. Unfortunately, this may only be a dream for many and may never become a reality. Some individuals may have difficulty qualifying for a mortgage, even with the creativity of many
034 new Condo Guide nov 30 - dec 14, 2013
financial lenders. Rule number 1: Buy what you can afford, not what you can borrow. Price increases in the Toronto real estate market easily outpace the marginal increases in salaries of the average Toronto household. Pooling the financial resources of several family members can be an excellent opportunity for first-time buyers to get into a home. Eventually, you can save sufficient equity to have your own dream home. Obviously, this does not come without making sacrifices and concessions. A dream home can quickly become a nightmare, particularly when your mother-inlaw may not be your first choice in roommates. Extended family arrangements are not uncommon for many immigrant families that have three generations under one roof. For some cultures, this is the norm. However, this form of living arrangement is not for everyone. Most couples marry to start a family, not to inherit two generations of families. Food for thought that may help you make a decision:
›› Discuss the financial arrangements with your family member(s) before making a commitment. Are the downpayments equal? How will the equity of the condo be divided in the event of a sale? Are the mortgage payments divided equally? What about condo fees? What happens if one partner wants out? Whose names goes on title? ›› Does the extended family get along? Family relations can deteriorate faster than an old home with termites! Discuss these arrangements thoroughly with your spouse. ›› A meeting with a lawyer beforehand can ease tension later. Sometimes, it’s good to write things down and not have regrets later. Make no mistake, this is a business relationship. ›› Family financial resource pooling can be very successful for real estate and stock investments. Some of Canada’s wealthiest owners of real estate and public companies are family owned. It sometimes pays to keep it “all in the family.” ›› Your tax adviser can explain some pros and cons of pooling from a tax perspective. Compare the tax advantages of having extended families under one roof, with the loss of other tax credits and government programs. ›› How is the credit rating of the other family members? Pooling can help family members with less than excellent credit re-establish themselves. Family dynamics are an important ingredient when families pool their financial resources. Real estate prices will always rise and fall, but families are priceless.
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www.MyLibertyCondo.ca *As per price list. Limited time offer. Offer based on a select number of units. Price, information and program subject to change without notice. For qualified buyers on approved credit. All renderings are artist’s concept. Prices, specifications and availability subject to change without notice. E&O.E. Brokers protected. See Sales Representative for details.
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 035
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RESIDENTIAL | RETAIL | OFFICE CENTROSQUARE.CA | 905-851-8877 *Purchaser’s Deposit Bond. Restrictions apply. See Sales Representative for details. All illustrations are artist’s concept only. ©2013 Liberty Development Corporation. All rights reserved. Brokers Protected.
036 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
NOW SELLING THE FINAL CHAPTER OF AN EPIC STORY
ICONIC ARCHITECTURE • FABULOUS PARK VIEWS • AT-YOUR-DOOR TRANSIT Legacy Park is the final phase of a master-planned community that has been 10 years in the making. Including a beautiful landscaped Roof Top Terrace overlooking a scenic 5-acre park and an array of suite designs that offer a brilliant fusion of style and substance, this is the grand finale you do not want to miss.
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See Sales Representative for details. All prices, figures, sizes, specifications and information are subject to change without notice. E.& O.E. All illustrations are artist’s concept only. ©2013 Liberty Developemnt Corporation. All rights reserved.
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NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 037
In The News
Canadian snowbirds are taking flight, but is their insurance up in the air?
a hospital or switched medications in the past 12 months, this information needs to be disclosed to their insurance provider, as a failure to do so may impact insurance coverage should they need to make a claim. Anyone who is unsure about a detail within their policy should just ask.”
›› Auto insurance According to the TD Insurance survey, 46 per cent of Canadian snowbirds incorrectly believe that if they are driving outside of Canada, their auto insurance policy will cover them, but this isn’t always the case. “Snowbirds need to call their insurance provider if they are taking their vehicle outside of Canada or the United States, or if they plan to rent a vehicle for more than 30 days,” says Minor. “They should also consider increasing their liability limit given that claims in the United States can be expensive, and discuss that with either their provider or insurance agent.” For snowbirds travelling down south by motor home or RV, keep in mind that although insurance protection on recreational vehicles is similar to regular It’s cold outside and Canada’s snowbirds are auto insurance, because this vehicle also serves as a migrating south for the winter, but are they properly home, it requires a unique policy. protected while away from home? According to a “If RV owners are increasing the amount of time they recent TD Insurance survey, only half of Canadians are living in their vehicle – for example, living in the aged 50 and over checked their travel insurance policy unit full time versus an occasional weekend getaway – before leaving for vacation, and only 16 per cent called then their policy may need to be revised,” says Minor. their insurance provider to determine if they needed to “Check with your insurance provider to find out what update their policy. your needs are so you’re not left uncovered.” “Snowbirds have a unique set of insurance needs, different from most Canadian travellers,” says Dave ›› Home insurance Minor, a vice-president at TD Insurance. “Not only Only 12 per cent of Canadian snowbirds say they do they need to understand exactly what their travel checked their home insurance policy to ensure their insurance policy covers, but they may have to review primary residence would be covered while on vacation. auto, recreational vehicle, and home insurance policies Making sure you take the necessary steps to protect – for both their property down south and back home – your home before you travel will make the process before they travel.” easier, should you need to make a claim. “Often insurance policies have specific ‘away’ Here are some tips on travel, auto and home insurance requirements, which, if not fulfilled, could void for Canadian snowbirds heading south for the winter: coverage if your home is left unoccupied and unattended for an extended period of time,” says ›› Travel insurance Minor. “Contact your insurance provider to make “Snowbirds should review the details of their travel sure you know what steps to take to keep your current medical insurance policy including whether or not policy valid.” there is a time limit for out-of-country coverage and what they need to know about pre-existing conditions More information and tips about your insurance needs and limitations,” says Minor. “If a snowbird has visited are available at tdinsurance.com.
TD Insurance poll reveals only half of Canadian snowbirds check travel insurance before leaving home
038 new Condo Guide nov 30 - dec 14, 2013
YORKVILLE LIVING RAISED TO A NEW HIGH
Avenue Rd.
Dupont St. Yorkville Ave. Sales Centre
Bloor St.
Yonge St.
Bay St.
10-FT HIGH CEILINGS 45 Charles St. E.
Wellesley St.
COMING SOON - THE SKY RESIDENCES PLUS FROM THE MID 300’S. Refined Yorkville living with a plus: 10-ft high ceilings. The Sky Residences Plus on the 51ST and 52ND floors of Chaz Yorkville overlook some of downtown’s most spectacular views. Live steps from the subway and the best designer shopping, dining and culture. For prestigious Yorkville living, The Sky is the limit.
Avenue Rd.
OWN YORKVILLE FOR ONLY 5% DOWN
Dupont St. Yorkville Ave. Sales Centre
Bloor St. Yonge St.
Bay St.
45 Charles St. E.
Wellesley St.
REGISTER NOW CHAZYORKVILLE.COM 416.922.0045 SALES CENTRE LOCATED AT 101 YORKVILLE AVE. SITE LOCATED AT 45 CHARLES ST. EAST MON. – THURS.: 12PM – 6PM, FRI.: 2PM – 6PM, SAT.: 12PM – 8PM, SUN.: 12PM – 6PM, STATUTORY HOLIDAYS: OPEN EXCLUSIVE BROKER BAKER REAL ESTATE INC. BROKERS PROTECTED. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATIONS ARE ARTIST CONCEPT. E&O.E.
039
condo profile
CHAZ.YORKVILLE SPARKLES IN DECEMBER
Yorkville’s premier luxury condominium brings high style to the holiday season
t
he city comes alive this time of year with cold, crisp air, a sprinkling of snow, holiday lights and the sounds of a festive season coming from every store and restaurant, and few neighbourhoods do it better than Yorkville. The trees are alight with sparkling blue and red. The scent of hot apple cider fills the air. A magic holiday wonderland awaits – and with the coming release of spectacular Sky Residences Plus, Chaz.Yorkville is just as dazzling. Developer 45 Charles Ltd. and project manager Edenshaw Homes have already captured the hearts of buyers with Chaz.Yorkville, now well under construction in one of Toronto’s most in-demand neighbourhoods. With this new
Dazzling like a holiday light show, warm like time with family, and as full of surprises as a foilwrapped gift, Chaz.Yorkville is among Toronto’s best value in luxury living, with suites start in the low $300’s. 040 new Condo Guide nov 30 - dec 14, 2013
release, plus the opportunity to buy with just five per cent down, a brand new life could be the gift you give yourself this season – one that keeps giving for years to come! Sky Residences Plus are located on the 51st and 52nd floors, where the entire city is laid out below in a spectacular vision you can only appreciate from this bird’s-eye vantage point. The feeling of living in an aerie above the treetops is enhanced by soaring 10-ft. ceilings. The multiple-award-winning team at Cecconi Simone has designed layouts, features and finishes that bring luxury to new heights, such as masterful, chef-worthy kitchens with innovative backsplash storage and stylish glass shelves. Elegant, contemporary bathrooms are as functional as they are beautiful, with convenient under-sink storage, six-ft. recessed medicine cabinets with adjustable shelves and integrated towel bars. These gorgeous suites come to market with the new year – register now to be among the first in the know. Chaz.Yorkville’s dramatic exterior by Page & Steele/IBI Group Architects embodies a contemporary artistic vision with integrated balconies recessed into alcoves created by unique exposed columns. When
complete, the distinctive Chaz Club will light up the night – a beacon to those below that lets everyone know something special is happening within. Located on the 36th and 37th floors, the Chaz Club is destined to become the preeminent social destination for residents and their guests. Featuring two storeys of entertaining space housed in a cantilevered glass box with stunning lake views, it blurs the line between indoor and outdoor entertaining with banquette seating against the floor-to-ceiling windows both inside and on the expansive outside terrace. A magnificent Grand Room with lounge, bar and five-star dining room with demonstration kitchen are not only chic but practical, letting you entertain with inimitable style right at home. The ground-floor amenities are equally incredible. Two sophisticated lobbies offer further entertaining space with a fireplace and banquette seating to the west, and a series of intimate spaces including a living room, wet bar, dining room (with wet bar and kitchen) and billiards room to the east. A pet spa, 24-hour concierge and bicycle racks are also at your service on the first floor. While the ground floor has a modern vibe, the second floor is downright futuristic, as the amenities here are right on the cutting edge of technology. In addition to the fitness centre, guest suites and business suite, a gamers’ arena offers residents a competitionclass place to take on all villains with six purposedesigned chairs, ultra-HD LED screen and PlayStation 4. A Hollywood-inspired movie lounge features Dolby surround sound, 3D and 4K television, and theatrestyle seating. The sports viewing lounge brings the same level of viewing technology to a relaxed space with well-stuffed sofas and an attached lounge. Throughout, fibre-optic wiring direct from Rogers’ head office brings the Internet to blistering-fast life. (Even the elevator is fast, taking you to and from your floor at 700 ft. a minute!) Besides the Chaz Club and the Sky Residences Plus, there’s another element of Chaz.Yorkville that dwells in the clouds – Bazinga! This innovative communitybuilding platform makes it easy and paperless to keep track of all the details of your busy condo-loving life, from appliance warranties and board meeting minutes
to the search for a dog-walker or a workout partner. Yorkville’s legendary galleries, shops, dining destinations, convenient services and cultural venues are all around you. With the subway at the door, the entire GTA is your playground, and there’s no better home base than here. Dazzling like a holiday light show, warm like time with family and as full of surprises as a foil-wrapped gift, Chaz.Yorkville is among Toronto’s best value in luxury living, with suites start in the low $300’s. Register to learn more about Sky Residences Plus, and ask about five per cent down. Visit the sales centre at 101 Yorkville Ave. between Avenue Road and Bellair Street, open Monday to Thursday from noon to 6 p.m.; Friday 2 to 6 p.m.; Saturday noon to 8 p.m; and Sunday, noon to 6 p.m. Call 416.922.0045 or experience it all online at chazyorkville.com
nov 30 - dec 14, 2013 new Condo Guide 041
Bathurst & Niagara
45 Boutique Condos and Lofts $300’s FROM THE MID
042 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
NIAGARA REGISTER NOW:
90niagara.com Prices and specifications are subject to change without notice. E. & O. E. Rendering is artist’s concept only.
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 043
In The News
Fieldgate prepares to launch
90 NIAGARA BOUTIQUE LOFTS AND CONDOS AT NIAGARA & BATHURST
on the leading edge of design – one that will confirm Downtown West is still one of the most desirable destinations for those looking to find a new home in the city. 90 Niagara is an intimate boutique building that will stand just five storeys high, near the corner of Niagara Street and Bathurst Avenue – a distinctive address offering a choice of 45 superbly designed lofts and condos. Here where fashion meets culture, and art meets entertainment, there is a fusion of interests and a profusion of attractions tailor-made for those who love downtown living. Now a vibrant new urban address has emerged
90 Niagara is an intimate boutique building that will stand just five storeys high, near the corner of Niagara Street and Bathurst Avenue – a distinctive address offering a choice of 45 superbly designed lofts and condos. The builder behind the development is a familiar and trusted name – Fieldgate Homes, a diversified builder of downtown condos, prime commercial developments and new communities across the GTA. Contemporary in its architectural design, and merging comfortably with the area around it, the boutique building will be comprised of 45 single-level condos and two-storey lofts with big balconies, terraces and patios, all luxuriously appointed with features including hardwood flooring, Caesarstone countertops, and stainless steel appliances. Residents of the building will revel in the raw vibrancy and hip vibe of the neighbourhood, with the Fashion, Entertainment and Financial 044 new Condo Guide nov 30 - dec 14, 2013
Districts to the east, and Little Italy to the north. Here you are minutes from the city’s best shops, restaurants and clubs, with the TTC right at your doorstep, and both the Rogers Centre and Air Canada Centre are nearby. Both Victoria Memorial Park and Stanley Park are a short stroll away. Travel south on Bathurst, past historic Fort York, and you arrive at Queen’s Quay West and Harbourfront, as well as Billy Bishop Toronto City Airport. Included in the building’s amenities, 90 Niagara will incorporate an elegant residents’ lounge/party room, an inviting outdoor terrace with seating and barbecue area ideal for alfresco dining, and a modern, stylishly appointed lobby. Units will range from the 500s to over 1,000 sq. ft. in size and be priced from the mid-$300’s. Founded in 1957, Fieldgate Homes is known for building architecturally unique homes in distinctive neighbourhoods – homes that are both excellent investments and showpieces of craftsmanship and distinction. Over the course of 56 years, the company has diversified greatly, guided by a seasoned management team, and in the process won a number of coveted industry awards. 90 Niagara will be previewing soon. Those who are interested in receiving additional information about the project are encouraged to register online at 90niagara.com.
EVERY THING YOU LONG FOR
NOW PREVIEWING: URBAN TOWNHOMES BY THE WEST TORONTO WATERFRONT FROM THE LOW $200’s* What do you long for? Waterfront trails, cool shopping, GO Train and TTC at your doorstep? Stylish, urban townhome living? Now previewing, Minto Longbranch. A fantastic lakeside location, spacious designs, rooftop terraces and more.
REGISTER TODAY
MINTOLONGBRANCH.COM *Prices and specifications are subject to change without notice. Renderings are artist’s concept. E.&O.E.
in the news
TEN93 QUEEN WEST NEIGHBOURHOOD NEWS:
The Theatre Centre announces 2014 schedule and final Capital Campaign push
Pictured from left to right
The Theatre Centre’s Franco Boni; Deandra Battaglin of Pemberton Group; and Gregory Reuter of Goldsmith, Borgal & Company Ltd. Architects
Local residents, Queen West frequenters and future Ten93 Queen West condominium purchasers alike will be happy to learn about the exciting 2014 schedule just announced by Franco Boni, general and artistic director of The Theatre Centre. Beginning in January and running through June, programming will include new works and new artists in The Theatre Centre’s new permanent home. There will be 10 new performance pieces, along with hosted rentals that will provide non-venued theatre companies with space, and a series of artistic residencies designed to support artists in developing new work and facilitate collaborative creation. Simultaneously, The Theatre Centre has just kicked-off the final push for its Capital Campaign. This not-for-profit live arts hub and incubator has already raised 90 per cent of the funds required to undertake the $6.2-million renovation of the historic Carnegie Library at 1115 Queen St. W. – just steps from Pemberton Group’s newest condo community located at 1093 Queen St. at Dovercourt.
46 new Condo Guide nov 30 - dec 14, 2013
When complete, the space will include a refurbished main performance hall, a lobby café, a rehearsal hall, a gallery space, a green room, a green-roof terrace and an office space. The Theatre Centre’s programming is supported by Canada Council for the Arts, Ontario Arts Council, Toronto Arts Council, Ontario Attractions Fund and the Hal Jackman Foundation. The Capital Campaign is supported by a roster of governmental agencies, foundations and private companies including Marel Contractors/ Pemberton Group. Pemberton Group invites everyone to join them to help get The Theatre Centre past its fundraising finish line. Implemented on November 5, the Community Campaign on Indiegogo will raise critical funds for equipment in the new space – equipment that will help artists create their best work, and provides the opportunity to invest in The Theatre Centre’s new home. Pemberton Group hopes you will take a moment to learn more about this trend-setting neighbourhood institution that contributes to the artistic fabric of the Queen West neighbourhood. For the full 2014 schedule details, visit online at theatrecentre.org/.
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 047
tarion report
Five steps to
Howard Bogach is president and CEO of Tarion Warranty Corp. For more information about how Tarion helps new-home buyers, visit tarion.com or find them on Facebook at facebook.com/ TarionWarrantyCorp.
W
hen people find out what I do, they often ask for advice about buying a new home or dealing with their builder. I always encourage buyers to make sure they have an understanding of the process involved in buying a new home before they make a purchase. Often, buyers walk into a model home, fall in love and make the biggest purchase of their life based on emotion alone. Here are five steps to get you on the inside track when buying a new home.
Step 1 Get a pre-approved mortgage
before you start home shopping. This will give you a sense what type of home you can afford and how your prospective mortgage payments will fit into your budget. Being pre-approved will also allow you to make a faster purchase if you see something you love.
Step 2 Research your builder. The
builder and the relationship you have
048 new Condo Guide nov 30 - dec 14, 2013
// by howard bogach
happy homebuying with them is one of the most important aspects of your home-buying experience. First off, check that the builder is licensed by visiting the Licensed Builder Directory on tarion.com where you’ll find builder customer service records for the past 10 years, and a list of any chargeable conciliations and claims. A chargeable conciliation occurs if a builder and a homeowner disagree about whether an item is covered under the warranty program and, after an inspection, the item is found to have been covered. Claims refer to situations where the builder did not resolve a homeowner claim and Tarion stepped in to work directly with the homeowner to resolve the issue. You may want to consider these numbers in comparison to the number of new-home possessions in the builder’s profile. The next step is to ask around. You may want to walk around some neighbourhoods where the builder has built, and inquire about these homeowners’ experiences. Speaking to other homeowners will give you a good indication of whether the builder stands behind his construction and is attentive to customers over the long term. You can also ask for references in online communities and social media platforms. There are a number of active home-related sites where homeowners share experiences. Step 3 Review your Agreement of Purchase and Sale with a real estate
lawyer before signing to ensure you understand what is included in the price of the home. If you are buying a condo, review the disclosure statement to understand what items are part of your unit and what are considered common elements. Make sure anything that is agreed to verbally by your sales representative is reflected in writing.
Step 4 Learn about your new-home warranty. It’s easy to become overwhelmed by the process of buying a new home. You’ll spend a lot of time with bankers and lawyers, pouring over legal documents. Warranty information typically falls to the bottom of the reading list because no one expects anything to go wrong in their new home. But, you’ll do yourself a disservice by not taking the time to learn about your warranty rights and obligations. If an issue does arise, not knowing how to manage it can turn a minor inconvenience into a major aggravation. Step 5 Register for Tarion’s online MyHome service. Your MyHome account will take care of most of the tasks associated with managing your warranty, such as keeping track of deadlines and correspondence. It also allows you to submit your warranty claim forms easily and securely, receive email correspondence from Tarion, and allows you to submit supporting documents such as photos, receipts and agreements.
I hope you find these five steps helpful useful. Of course, you can find more information online at tarion.com or Facebook.com/TarionWarrantyCorp.
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 049
Designer Advice
1
2
All-uminum you need // by Yanic Simard
When debating between metals in interior design, people usually focus on one iconic match-up:
silver versus gold. Stainless steel also gets a lot of attention for its popularity in modern appliances (and Modernperiod furnishings), but one contemporary favourite has gone a little overlooked: aluminum. Anodized (rust resistant) aluminum’s cool tones and light weight make it an excellent choice for a wide range of furnishings, from seating to lighting and everything in between. Since metals so easily mix with other materials, and each other, in both modern and traditional schemes, look no further than my list of aluminum treasures to give your home in the clouds a mineral infusion:
1 Turned Dining Table Crate and Barrel’s Mallorca table pairs metallic legs (in a turnery design reminiscent of hand carved wood) with a marble top – both materials are cool and sleek, but the aluminum draws out the silvery marble veining, making the stone the real star. Contrast this piece with traditional bentwood seats in an 050 new Condo Guide nov 30 - dec 14, 2013
inky blue finish, or get playful and gather mismatched chairs using the same white and aluminum elements in different ways.
2 Industrial Egg Chair I found this statement-making modern egg chair at new boutique In the Know (aka ITK), where unique pieces like this appear, drop in price every week and are quickly snapped up to make room for even more designer finds. The materials add an air of masculinity, as well as a sense of fun (a perfect spot to sink into next to a fireplace), while the rivets give this 1950s classic some new industrial character – look for this detail if you want a similarly edgy appeal.
3 Cool Cabinetry To achieve a stunning yet accessible
transitional look (and touch of sparkle) in the kitchen or bathroom, consider switching to cabinet doors with windowed fronts and aluminum trim. It frames your dishes, glassware or wash towels like an art gallery display case, creating a dramatic statement but an airy atmosphere. Try Ikea’s various cabinet doors (such as the Lillangen) in this finish for a quick switch-out.
4 Metal Rocker The 1940s classic 1006 chair (the
Ten-oh-6, by Emeco) was originally designed for hard wear: nicknamed the Navy chair, it was commissioned by the U.S. government to withstand abuse from both the elements and sailors, but now is a favourite for modern and transitional dining spaces. Philippe Starck’s Heritage Rocking Armchair updates this already contemporaryfeeling staple with a rocking base for a softer look. Add either this or the original to virtually any room for an easy update (available at Klaus Nienkamper and hip boutiques) – having been born and raised French, I never live anywhere without a rocking chair.
5 Branch Legged Table Bethel International (available through Elte) produces a series of tables which reverse expectations on the metal-with-wood pairing: the metal legs are shaped as raw tree branches, playing against the hard, crisp wooden top. Pair a table like this with the aforementioned Navy chairs, or clear plastic ones for an instant 1-2-3 material-mixing punch. 6 Traveller’s Trunks While browsing bethelin.com,
I also noticed luggage-like metal trunks which actually serve as chests of drawers or wardrobes, underscoring how beautifully aluminum pairs with natural materials
4
3 like leather. Use one or two tall pieces like this (stunning from all sides) as a wall to divide a large room into two zones or define a dressing area.
7 Sturdy Stool Metal stools are a
popular choice for bar seating, even in private homes where the crowd of guests isn’t usually so rough. Always make sure, however, to measure your counter and stool for height: true bar stool seats (as opposed to counter seats), at around 30 in. tall, are only meant for higher bar counters starting at 40 in. For a trendy and modern, winter-ready effect, drape a small faux sheepskin over each seat for some engaging contrast.
5 nov 30 - dec 14, 2013 new Condo Guide 051
Anodized (rust resistant) aluminum’s cool tones and light weight make it an excellent choice for a wide range of furnishings, from seating to lighting and everything in between.
the beauty of a very functional material. The design captures this so perfectly, in fact, that the light ironically won the Compasso d’Oro award in 1989 – also known as the Golden Compass.
8 8 Mixed Material Consoles Designer Hilla
Shamia’s cast stools start with the organic nature of raw wood, fusing it to a metal frame and celebrating the contrast between the two. Metal and wood is a timeless combination that balances traditional warmth with cool modern lines perfectly. Use a bench like this where you need flexible seating, and pull it up as a cocktail table when you’re having drinks for one.
9 Working Classic The ageless Herman Miller desk chair (available from dwr.com) is such a designer favourite I even have several in my design studio. The clean lines of the simple upholstery and gently rounded metal edges create a more elegant look than the overly technical-looking selections of many corporate executives (while still providing stylish comfort). 10 Task Lamp Also available from DWR (short for Design Within Reach), the Tolomeo desk light translates the look of rusty old work lamps into a sparkling, architectural form that gives you light just where you need it while celebrating
052 new Condo Guide nov 30 - dec 14, 2013
Aluminum proves its mettle Studio Swine’s Can City project takes discarded aluminum cans (pulled from the streets of Sao Paolo), melts them down and repurposes the raw materials to create artistic, handcrafted modern stools. It beautifies the world in two ways at once, and really goes to show – it’s time aluminum got the respect it deserves! Check out the project at: studioswine.com
Yanic Simard is the principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Yanic often applies his signature high/low and old/new combination design techniques in developing unique interiors. Simard has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca
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UNDER CONSTRUCTION EARLY 2015 CLOSINGS
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Nelson St.
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Adelaide St.
Presentation Centre: 25 Nelson Street, Toronto Mon. – Thurs.: 1pm – 7pm, Fridays: Closed Sat., Sun. & Holidays: 12pm – 6pm
Brokers Protected, Limited Time offer. See Sales Rep for full details. Prices, Specifications and programs are subject to change without notice. Illustrations are artists concept. E & O.E. *Provided the purchaser completes the transaction on the contemplated unit transfer date the purchaser shall receive a credit on the statement of adjustment in the amount equal to 12 monthly common expense fees relating to the unit and any parking or storage applicable. Deposit 5% down and 10% due on occupancy.
studiocondos.ca • 647.352.7736
Scrumpdillyicious
Leslie Styles, foodie and travel aficionado, shares some delicious dishes found on her travels around the world
Cranberry & Pecan Brie en Croûte ingredients
Serves 12
› 1 sheet frozen puff pastry, thawed › 1 large egg › 1 tbsp water › 1/4 cup dried cranberries › 1/2 cup cranberry sauce
› 18-oz. wheel of Brie cheese › 1/3 cup chopped pecans › 1 tbsp butter › 1/4 tsp cinnamon › 1/4 cup brown sugar
Directions Preheat oven to 375°F. In a small bowl, mix together egg and water. In another small bowl, soak the dried cranberries in 1 cup of hot water for two minutes, then drain and pat dry on some paper towel. Place in a bowl with the cranberry sauce. Unfold puff pastry on lightly floured surface. Roll into a 14-inch square, then cut off the corners to make a circle. Place Brie in the middle of the puff pastry. Trim the top rind off the Brie if you prefer — this will make it easier to cut and serve. In a small saucepan, melt butter. Stir in pecans and toast for about 3 minutes. Place the pecan mixture on top of the Brie, followed by the brown sugar. The heat of the pecan mixture will help melt the brown sugar. Finish by spooning the cranberry sauce with dried cranberries on top of brown sugar. Brush the edge of the pastry circle with egg mixture. Fold two opposite sides of the pastry over the cheese; then fold over the other two sides, pressing the edges firmly together to seal. Place the pastry wrapped cheese seam-side down on a parchment lined baking sheet, and brush the entire surface with egg mixture. creamy soft ripened French Brie is an elegant start
to any meal. When topped with exquisite ingredients and wrapped in delicate buttery puff pastry, this rich and flavourful Brie en croûte with cranberries and pecans will impress even the most discerning gourmand. The term “en croûte” translates to “in a crust,” and refers to any food wrapped in pastry and baked. Light and flaky, this wheel of creamy Brie, topped with dried cranberries, brown sugar and chopped pecans, is wrapped in storebought puff pastry and folded up like a precious gift, with decorative pastry leaves nestled on top. Brushed with an egg wash, the pastry-wrapped Brie is placed on a parchment-lined baking sheet and baked for about half an hour at 375°F, until the pastry is golden brown.
054 new Condo Guide nov 30 - dec 14, 2013
Using a sharp paring knife, cut leaf shapes from left over pastry dough, scoring the tops to look like leaf veins. Apply the pastry leaves to the surface, and brush with the remaining egg wash. Bake for 20 to 25 minutes or until the pastry is a deep golden brown. Let rest about 20 minutes. Serve warm on a decorative platter, slicing it open by cutting out the first wedge and allowing the Brie to ooze out invitingly. Serve with a selection of savoury biscuits or toasted baguette, and garnish with purple grapes.
Leslie Styles is president of Styles Design Inc., a Toronto-based branding and communications agency, and author of Scrumpdillyicious, a food and travel blog dedicated to all things delicious. She can be reached at stylesdesign.net and scrumpdillyicious.blogspot.com
COMING SOON
Where luxury takes wing.
Come see the city’s most sophisticated new residence. With oversized terraces, modern design and an unbeatable midtown St Clair West address, The Nest, Residences of Hillcrest Village is the perfect place to land. Define your way to live surrounded by all the conveniences at your door step including transit. FROM THE MID $200’S. REGISTER TODAY.
TheNestCondos.com 416.223.0003 facebook.com/thenestcondos twitter.com/thenestcondos
Life. Lived better. BROKERS PROTECTED. Rendering is an artist’s impression. Sizes and specifications are subject to change without notice. E.&O.E.
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 055
legally speaking
The importance of the
// by jayson Schwarz
pre-closing inspection 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:
Insist on a sufficient time frame 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, and insist on moving at your own pace. 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. 07 Watch for stains on carpet, scratches on wood floors, cracks in paint or drywall, and areas where they forgot that 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 where they came from and why. 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 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 areas, and if these are incomplete, wrong or defective, put them on the list! 01
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 PreClosing Inspection. As most of you know, included in the adjustments on the purchase of a new home or condo (but not a conversion or retrofit project) is the cost of your Tarion (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 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?
056 new Condo Guide nov 30 - dec 14, 2013
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.
COMING SOON! TO DOWNTOWN EAST
One Park Place North Tower was such an incredible success in the fall of 2012 that we decided to introduce
There are so many reasons to choose ONE Already under construction, One Park Place South Tower is the newest addition to the internationally recognized and award-winning Regent Park revitalization. Offering incredible views of Lake Ontario as well as the city skyline and situated just steps from some of the city’s hottest new amenities including Daniels Spectrum, the Aquatic Centre and a soon to open 6-acre park, as well as shopping, restaurants and the convenience of the TTC, One Park Place South Tower is the ONE place to be in downtown Toronto.
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$199,900
danielsoneparkplace.com
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.
10
THE TOP REASONS TO CHOOSE DANIELS’ ONE PARK PLACE SOUTH TOWER New homebuyers are flocking to be a part of the internationally-recognized and award-winning Regent Park revitalization. With the introduction of new streets, retail, homes and the best amenities in the Downtown East, now is the time to discover the condominium Toronto has been waiting for. Hot on the heels of The Daniels Corporation’s One Park Place North Tower, the South Tower is already drawing tremendous interest from people who want to make Regent Park their home. The fifth residential building in this master-planned community is already under construction, and will rise to 29-storeys – the tallest condominium residence in Regent Park to date. Residents will enjoy striking panoramic lake and city views. Here are the TOP 10 reasons to choose One Park Place South Tower as your ONE new home.
1
LOCATION
One Park Place South Tower will be situated at Dundas and Sumach Streets, and will be anchored by a collection of 17 urban townhomes lining St. David Street and Sumach Street. The condominium’s lobby entrance is directly off Regent Park’s Urban Mews, Regent Park Boulevard, where neighbours and visitors gather for local festivals, markets and performances – placing homeowners right in the middle of the action in this energetic neighbourhood. The Urban Mews also leads to Daniels Spectrum, the 60,000 square-foot cultural hub that is alive with opportunities for dance, music, theatre and film. Paintbox Bistro, a popular area hotspot with live entertainment and the culinary creations of renowned Toronto Chef, Chris Klugman, is just steps away. At the pulsing heart of Regent Park, the Urban Mews connects many of Toronto’s hottest new amenities. Residents can stroll to the soon-to-open 6-acre park on Dundas Street, the Regional Aquatic Centre, shopping, restaurants and the TTC. One Park Place South Tower is steps to FreshCo. by Sobeys, Rogers, RBC Royal Bank, Tim Hortons and public transit on Dundas Street East. Regent Park is just minutes from Cabbagetown, the Distillery District, the St. Lawrence Market, Yonge-Dundas Square and all the attractions of downtown Toronto. Does it get any better than that? YES!
2
OUTSTANDING ARCHITECTURE AND BREATHTAKING VIEWS
One Park Place South Tower is designed to make the most of its location and height with a combination of delicately supported white cladding and spandrel glass. Suite owners will be treated to ever-changing views of Toronto’s skyline or Lake Ontario through expansive windows that invite copious amounts of natural light to fill the beautiful living spaces.
3
One Park Place South Tower will be home to over 45,000 sq. ft. of indoor and outdoor relaxation, exercise and social amenities at CLUB UNO. These include a half-court gymnasium, two squash courts, a fitness studio, indoor/outdoor yoga and Pilates studio, a party room, billiards room, lounges and more.
CLUB
UNO
4
ENVIRONMENTALLY FRIENDLY DESIGN
Daniels is a trailblazer in the building industry and an advocate for actively incorporating urban agriculture opportunities into their new home communities across the GTA. There will be resident gardening plots on the fifth-floor gardening terrace where homeowners can grow their own herbs, flowers and spices. Urban gardening plays a key role in bringing homeowners together to foster a sense of community. Daniels will offer programming that helps residents make the most of their amenities. Much like its sister tower, One Park Place South Tower is being built to the LEED® Gold Certification Standard, offering an array of future-proofed elements such as bicycle storage and energized parking spaces for electrified cars. Several green roofs serve as both a visual and physical amenity for residents; while helping to mitigate Toronto’s heat island effect.
5
FLEXIBLE SUITE DESIGNS
6
5TH FLOOR GARDENING TERRACE
Suite layouts maximize every square foot, and urban interior finishes include European-style stainless steel kitchen appliances, contemporary quartz countertops, laminate flooring throughout and spectacular kitchen and bathroom designs by award-winning Cecconi Simone Inc.
UNBEATABLE VALUE
PRICES WILL START FROM AN INCREDIBLE $199,900. Suites at One Park Place South Tower range from studio to three-bedroom designs plus there will be a limited collection of urban townhomes.
7
HOMEOWNERSHIP MADE EASY
Purchasers can take advantage of Daniels’ % GRADUAL DEPOSIT PAYMENT PLAN.
5
Simply pay $3,500 with the Agreement of Purchase and Sale, and then $1,000 each month until 5% of the purchase price is reached. Just another way Daniels is making it easy and accessible to purchase at One Park Place South Tower.
8
ALREADY UNDER CONSTRUCTION!
MOVE-IN AS EARLY AS WINTER 2014 CONSTRUCTION HAS COMMENCED AT ONE PARK PLACE SOUTH TOWER GIVING HOMEOWNERS THE CONFIDENCE THAT DANIELS WILL DELIVER THEIR HOME ON TIME.
9
PEACE-OF-MIND
The Daniels Corporation (danielshomes.ca) is one of Canada’s pre-eminent builder/developers, building more than 24,000 new homes across the Greater Toronto Area for over 31 years. Daniels was named the Tarion Warranty Corporation’s 2012 Ontario High Rise Builder of the Year and was the recipient of the 2012 Toronto Arts and Business Award presented by the Toronto Arts Foundation. 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 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.
10
PENT UP DEMAND!
THE TIME TO GET YOUR NAME ON THE LIST FOR ONE PARK PLACE SOUTH TOWER IS NOW!
SUITES FROM
$199,900
REGISTER NOW
416.995.0559 danielsoneparkplace.com
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.
the mortgage minute
// by peter kinch
making saving by sense of thousands mortgage terms
I Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan Visit peterkinch.com or contact him at peter@peterkinch.com
n a recent discussion with a client, the question of “fixed” versus “variable” mortgages came up. She wanted to go with an “open variable” rate mortgage, which surprised me because they are often more expensive. When I asked why she wanted to pay more for the option of having her mortgage “open,” she replied, “Well, aren’t all variable-rate mortgages ‘open’?” I realized then that what was obvious to me isn’t necessarily so to everyone else. How many Canadians make the same mistake and end up paying a premium for a feature they’ll never take advantage of? Most Canadians are not mortgage experts, and the various terms that bankers and brokers throw around can be confusing. Fixed, open, closed, variable – as if you’re supposed to understand everything and make a choice in five minutes on the biggest-ticket item you’re likely to ever commit to. So, what are the terms and what do they mean? The two basic mortgage options are “fixed” and “variable.” A fixed-rate mortgage involves a specific interest rate over a fixed period of time, such as a one-, three- or five-year term. “Fixed” (also known as “long-term”) mortgages can have terms as long as 15 years. Generally speaking, the longer the term, the higher the rate. The idea is that you’re willing to pay a slightly higher rate today to have the security of knowing that the interest rate on your mortgage won’t change over the course of your term. For this reason, many first-time homebuyers or those on fixed incomes choose a five-year term to have the comfort of knowing exactly what their mortgage payments will be for the next five years. In exchange, they forego a potentially cheaper mortgage with less security. These long-term mortgages are “closed,” meaning you have a contractual obligation to the lender, and there will be a penalty to get out of this mortgage should you want to break your contract in the future. The alternative to taking a fixed rate would be the “variable-rate” mortgage. These are products that base their pricing off the bank prime rate. Most lenders today offer a discount off prime of roughly half of one
How many Canadians make the same mistake and end up paying a premium for a feature they’ll never take advantage of? The bottom line: never pay a premium for a benefit you’ll likely never use. 058 new Condo Guide nov 30 - dec 14, 2013
For this reason, variable-rate mortgages have been gaining in popularity. However, most borrowers don’t realize there are two different types of variable-rate mortgages – “open” and “closed.” per cent. Since the prime rate is typically lower than the prevailing five-year fixed rate, a variable-rate mortgage is almost always less expensive than a five-year fixed rate to start. Why wouldn’t someone take the cheaper variablerate mortgage? Well, the reason it’s called a “variable rate” is because the rate will float with the Bank of Canada prime rate. If the prime rate goes up, so too does your mortgage. Rather than losing sleep over the prospect of their largest debt item fluctuating at the mercy of the market, many people prefer to lock in. A significant benefit of a variable-rate mortgage, however, is that you can convert it to a fixed rate (meaning, lock it in) at any time with no penalty or cost. For this reason, variable-rate mortgages have been gaining in popularity. However, most borrowers don’t realize there are two different types of variable-rate mortgages – “open” and “closed.” An “open variable-rate” mortgage will allow you to break the contract at any time (either pay the mortgage out or switch to a different lender) with no penalty – thus it is called “open.” The “closed variable-rate” mortgage will typically have a three- or five-year term and cannot be paid out prior to the end of the term without triggering a penalty – typically three months’ interest.
Many new borrowers will gravitate to the idea that they want the freedom and flexibility to be able to pay out their mortgage early, or they misunderstand that the term “variable” is by definition an “open” mortgage, when in fact, it can be open or closed. This is an important distinction because the two mortgage options are priced very differently. An “open variable” mortgage is typically prime plus one per cent, whereas a “closed variable” mortgage is typically prime minus 0.5 per cent. That’s a difference of 1.5 per cent – a significant amount. And when asked why they want to have an “open” mortgage, most clients are not really sure – they have simply confused the terms or are unaware that even if you move before your term is up, you can usually move or “port” your mortgage to your new house. The bottom line: never pay a premium for a benefit you’ll likely never use. nov 30 - dec 14, 2013 new Condo Guide 059
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060 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
MOVE-IN 2014.* ONLY 5% DOWN.* UP TO $25,000 OFF.* Own from only $247,900. The best value in North York is ready and waiting for you, right now. This exciting master-planned community is just steps from the TTC, Fairview Mall, schools, and parks. You’re not dreaming, this is a fantasy come to life. Visit Emerald City today. 1 Bedroom from $255,900. 1 Bed + Den from $314,900. 2 Bedroom from $366,900.
Connect with us at: emeraldcitylife.ca / 416.492.0001 /emeraldcitylife Presentation Centre Hours: Mon-Thurs 11-6pm / Sat & Sun 12-5pm Closed Fridays
Fairview Mall
N
Presentation Centre Hyw 401
Hyw 404
Don Mills Rd
Sheppard Ave
*Occupancy dates may vary by building. See sales representative for details. Exclusive Listing: Baker Real Estate Incorporated Brokerage. Brokers Protected. Prices and specifications are subject to change without notice. E. & O. E. Illustration is artist’s impression.
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 061
Industry Insider
// By David Hirsh
The Buying Process, Step by Step
David Hirsh is president and CEO of Brandy Lane Corp. Known for his creative and innovative approach to residential design, David prides himself on his hands-on approach to all stages of the development and building process, and he believes that everyone is his client. The company’s newest community is Wyldewood Cove in Collingwood. Visit brandylanehomes.com.
T
hroughout the course of the year we’ve explored various aspects of the new-home buying experience. We’ve looked at choosing a home in the community that’s right for you, your experience in the sales office and what you should look for in the features, finishes and amenities available both inside your home and within your community. When purchasing a new home – whether it be lowrise or condo, home builders are involved well before you choose that new home, through to the end of the Tarion New Home Warranty period. Let’s assume that you’ve selected a home you love with all the bells and whistles you need. You’ve been pre-approved for your mortgage, retained a lawyer and signed the necessary paperwork. Now what? Your next major milestone will be when you select your interior finishes. The Colour Selection
062 new Condo Guide nov 30 - dec 14, 2013
Appointment allows you to choose from among standard and optional upgrade features and finishes that suit your personal taste and lifestyle. Next would be the steps that lead to occupancy (in the case of a condo) or the closing date (in the case of a lowrise home). This begins with ensuring that all required deposits have been paid and you are ready to finalize the deal, whether it’s your cash or with a mortgage. These tasks are usually done in consultation with your lawyer. Around this time, you can expect your builder to contact you to set the date for your pre-delivery inspection (PDI). This official inspection is your chance to take a close look at all the workings of your home, to ensure that everything is the way it should be. Typically you should receive your Homeowner Manual at the inspection. The PDI is also your opportunity to ask the builder’s representative about the care and maintenance requirements of your new home.
The Colour Selection Appointment allows you to choose from among standard and optional upgrade features and finishes that suit your personal taste and lifestyle. The PDI is the review of your home’s interior (both condo and lowrise) and exterior (in the instance of lowrise only). Condo exteriors and amenities are dealt with in the Performance Audit. Along with ensuring that your options and extras have been installed, this is also your chance to make note of any superficial damage to finishes – an important step before you move in. For example, if you find a scratch on your countertop or in the hardwood flooring, now is the time to make note of it. Tarion will cover you for warrantable deficiencies, and the onus is on you to list even the smallest details during your PDI, in order to confirm what’s covered. Some may think that this is the end of your experience with your builder, but that’s definitely not the case. In fact, at Brandy Lane, we are in direct contact with you for two full years following occupancy to attend to all warrantable deficiencies. Within this time frame, it’s our goal to maintain our positive and client-centric relationship with you. If you buy another home from us or recommend us to your family and friends, we’ve done our job well!
IT’S BACK. DON’T MISS OUT.
E-A-S-Y
THE OWNERSHIP PROGRAM:
CAN YOU AFFORD TO BUY AT THE STATION? YES YOU CAN!
These days, with rent on a 2-bedroom apartment in Toronto reaching $2,000/month and beyond**, saving for a down payment can feel next to impossible. But at The Station, our new deposit structure* makes saving a snap. So not only can you afford to buy your own place, but the place you call home can be at North York’s award winning record-breaking development. Here’s how it works.
LET’S SAY YOU’RE LOOKING AT ONE OF OUR EXCEPTIONAL 2 BED + 2 BATH SUITES. YOU GET:
• • • • • •
A sweet corner unit An enormous 175 s.f. balcony Granite countertops Euro-style appliances A window in the master ensuite A place you won’t grow out of
YOU PUT DOWN
$10,000
THE PRICE IS A COOL $450,000, SO SAY YOU PUT DOWN 10% 10% DOWN = $45,000
10%
SOUNDS SCARY, RIGHT? BUT HERE’S WHAT THE STATION WILL DO FOR YOU.
$450,000
WE’LL MATCH THAT
$10,000 = $20,000
WITH A $10,000 DISCOUNT OFF THE PRICE OF YOUR CONDO.
Just like that, in 13 months, your down payment will be done and you’ll be the proud owner of an amazing new condo with expansive Terrence Lukas-designed interiors, spacious balconies, and amenities like The Studio Club, fitness centre and the city’s first indoor/outdoor heated party rooms.
ONLY $25,000 TO GO.
FOR THE NEXT 13 MONTHS, YOU PAY JUST $962/MONTH TOWARD THE DOWN PAYMENT AND WE’LL MATCH IT WITH AN EQUAL $962 DISCOUNT OFF THE PRICE OF YOUR CONDO.
SAFE – The Station is already under construction. SMART – Easy subway access and a 20-minute ride to downtown, mean condos at The Station will always be in demand. GREAT DEAL – With this innovative down payment plan you can finally afford to own your own place.
RUN. WALK. SUBWAY. HURRY. UNDER CONSTRUCTION.
WILSON SUBWAY
YORKDALE MALL
TIPPETT RD
ALLEN
RD
WILSON AVE
HWY.401
YORKDALE SUBWAY
416.398.9777 THESTATIONCONDOS.COM
On Tippett Road, south of Wilson Avenue / Mon to Wed 12–6pm Sat + Sun 12–5pm *Conditions apply. On select suites only. See sales rep for details. Prices, specifications and deposit structures are subject to change without notice. E. & O.E. Exclusive Listing Brokerage: The Condo Store Realty Inc., Brokerage. Brokers protected. Illustration is artist’s impression. **Source: theglobeandmail.com
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 063
CHINESE HOME & CONDO GUIDE 網上 參閱 / Nov 23, 2013 - Jan 25, 十一月二十三日至一月二十五日
Chinese home and condo buyers and investors now have a new comprehensive, full gloss real estate magazine to inform and guide them through the buying process in the Greater Toronto Area.
各式電子工具都可瀏覧
ChineseHomeGuide.com
2014
高層天際豪宅 歡迎您
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.
150間私家府邸 20 Lombard街
YONGEANDRICH.COM
Pick Up Your Copy Today or call us for a free copy at 416.626.4889!
間感 屋 • 如何為柏文單位營造更大空 荷里活品味之家 • 層疊式都市鎮 11/5/13 11:11:18 AM 3 3.indd 1
GTA Chinse Front Cover_11251
newhomeguide.ca 064 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 065
trendspotting
// by anthony jong
hybrid of highrise Stacked & Urban Acondominiums and Townhomes: traditional homes
S
Anthony Jong BA (Hons), M. Arch. is a broker who specializes in residential homes, condos and commercial properties. He can be reached at anthonyjong@live.com, online at anthonyjong.ca, and by phone at 416.836.2821.
tacked and urban townhomes have been the most recent real estate trend on the market today. Small communities of condominium townhomes are popping up in many areas of the GTA. Demand for this housing and lifestyle is high, as many of these projects sell out as soon as they are introduced to the public. In my line of work, I often encounter clients who experience the push and pull between choosing a highrise condominium or a house as their next place of residence. There are advantages to both and it is up to the buyers to determine what is truly important to them – a hassle-free lifestyle in a condominium or an actual house with your very own backyard or patio! Developers have realized this changing interest in lifestyle and have come up with a hybrid solution that alleviates the buyer’s inner conflict and provides a better choice of homeownership. What makes these stacked and urban townhouses so special? They are a hybrid lifestyle between a highrise condominium and a traditional home. As Lucy Carpman from P & B Marketing Ltd and The Brownstones on the Park by Emsatec Canada Inc., states, “the built-form (of stacked townhomes) provides a relationship with the ground. There is a sense of traditional home ownership by walking directly into one’s unit without an elevator lobby. One does not achieve this privacy in a traditional condominium tower.” Many of these stacked townhome projects have exclusive terraces and rooftop patios that add to the sense of traditional homeownership and privacy. In Minto’s Longbranch community, spacious balconies, terraces and rooftop patios offer views toward the lake and city skyline. The stacked and back-toback units in this project were designed to focus on the accessibility of the outdoors creating a synergy of private space in a community setting. Coming from an architecture background prior to my real estate career, I have always been frustrated with the lack of design in both the architecture
Minto Longbranch in Etobicoke
066 new Condo Guide nov 30 - dec 14, 2013
Emsatec – The Brownstones sundeck/patio
Menkes - Dwell City’s rooftop deck
and interior of traditional homes. Over the years, many condominium developers have realized that design simply sells. Not only does the exterior of a condo tower need to be aesthetically pleasing, but also the interior design features must live up to contemporary times. Some townhouse projects employ well-known architects and interior designers to dramatically improve functionality and inject design into these homes. The design of Minto Longbranch, for example, was inspired by the 20th century eclecticism of the Brooklyn Brownstones Towns brought to life in the present day. Buyers are given the option to choose between linear or L-shaped kitchen layouts at Longbranch. Other projects, such as Menkes’ Dwell City Towns in Etobicoke, offer smooth ceilings, hard surface flooring in all living spaces, modern kitchens, European-style cabinetry and premium appliances as interior features that bring a condominium flare into these new townhomes. At the time you take possession of your townhouse, everything is ready and hassle-free. Unlike a newly built home, where you must shop for appliances, landscape your front and back yard, and install an air conditioning unit and garage door opener, all you have to do is furnish the townhouse. Some buyers are beginning to
debate the cost of maintenance fees synonymous with condominium residences. Surprisingly, the maintenance fees in these stacked and urban townhomes projects are less than half the cost of highrise condominiums. This is a result of inherently fewer common areas and amenities such as lobby area, corridors, elevators, concierge, exercise rooms and swimming pools. Forever gone are the worries of snow shoveling the huge driveway and maintaining the landscape, and you can just enjoy your serene rooftop patio and walk through the pedestrianfriendly streetscape in the townhouse community. Stacked townhouses are constructed of concrete, and from a practicality standpoint provide a very quiet habitat and add fire safety protection for you and your family. Some of these projects include secure underground car and bicycle garages to keep your investments protected from all weather elements. Your indecision about your next place of residence could well be over. Prices of stacked and urban townhomes are as competitive as highrise condominiums, and they offer the best of both worlds – a hassle-free lifestyle in a traditional home environment. Don’t miss this opportunity to become part of this hybrid lifestyle. Consider the following stacked and urban townhome developments:
The Brownstones5 Emsatec brownstones5.com 416.531.7760 Dwell Menkes menkes.com 416.259.2525 Hampshire Mews Heathwood Homes heathwood.com 416.637.3520 Kettle Lakes Club Aspen Ridge Homes aspenridgehomes.com 289.231.2849 Minto Longbranch Minto mintolongbranch.com 416.913.2136 NAUTICA At Lakeshore Woods Treasure Hill Homes treasurehill.com 905.465.9133 Orchard Park Minto Communities minto.com 905.642.1928 PURE MOSAIK HOMES mosaikhomes.com 905.832.9844 The brownstones at Westown Lindvest lindvest.com The Canterbury Tribute Communities tributecommunities.com 647.352.2130 Upper beaches townes Solotex corp. upperbeachtownes.com Uptownes At Cardinal Point Geranium Corporation geraniumhomes.com 905.640.9999 Yorkdale Village Decade Group decadegroup.ca 416.638.5656
Menkes – Dwell City Towns in Etobicoke
nov 30 - dec 14, 2013 new Condo Guide 067
finances
Using your RRSPs
to help make the downpayment on your first home First-time homebuyers sometimes struggle to come up with a downpayment, often requiring careful planning and saving over many months or even a few years. The downpayment is a lump sum you are required to contribute to your home’s purchase price. Depending on the amount, a mortgage is classified as either “conventional” (a downpayment of 20 per cent or more) or “high ratio” (a downpayment of less than 20 per cent requiring default insurance). One way to come up with a bigger downpayment is by using your RRSP savings, under the federal government’s
Home Buyer’s Plan (HBP). As a first-time homebuyer, you may be eligible to make a tax-free withdrawal of up to $25,000 from your RRSP; if your spouse qualifies, he or she may do the same, for a combined total of $50,000. You are required to repay your HBP withdrawal into your RRSP within a period of no more than 15 years. Although you can repay your HBP earlier, the deadline for your first minimum annual repayment is two years and 60 days after the year in which you made your HBP withdrawal. The minimum annual repayment is equal to 1/15 of your original HBP balance and if you repay at
As a first-time homebuyer, you may be eligible to make a tax-free withdrawal of up to $25,000 from your RRSP; if your spouse qualifies, he or she may do the same, for a combined total of $50,000 least the minimum each year, there will be no tax payable. “If you are able to provide a bigger downpayment, it’s a significant way of helping you pay less interest over the life of your mortgage. Also, with a downpayment of at least 20 per cent, you avoid paying mortgage default insurance,” says Laura Parsons, mortgage expert, BMO Bank of Montreal. Parsons adds that Canadians should be considering the benefits of choosing a shorter amortization as a way to decrease total interest costs and to begin building home equity sooner.
068 new Condo Guide nov 30 - dec 14, 2013
A HOME YOU’LL LOVE BALCONY
COMPARE US TO THE COMPETITION! GET MORE FOR YOUR MONEY!
MASTER BEDROOM 9’-6” x 12’-4”
LOVE - SWEET
3rd floor 1 bedroom + den Parking $328,900 Including Not including incentives 736 sq.ft. $446 p/sq.ft.
W.I.C
LIVING / DINING 10’-6” x 19’-1”
L
NORTH YORK 3rd floor $369,900 735 sq.ft. $503 p/sq.ft.
D/W
MOVE IN 2014
W/D
THE BEST CONDOMINIUM VALUE IN SCARBOROUGH INCLUDING AT KENNEDY & SHEPPARD from mid $ PARKING
NEW SALES CENTRE: 3573 Sheppard Ave East Southwest corner of Birchmount and Sheppard HOURS:
Monday to Thursday, 12pm - 6pm, Friday, Closed, Saturday, Sunday & Holidays, 12pm - 5pm facebook.com/gemterradevelopments twitter.com/gemterra
BUTLER'S PANTRY
F
DOWNTOWN TORONTO 3rd floor $498,900 724 sq.ft. $689 p/sq.ft.
NOW UNDER CONSTRUCTION
KITCHEN 8’-0” x 7’-5”
DEN 7’-2” x 8’-3”
MARKHAM 3rd floor $349,900 692 sq.ft. $505 p/sq.ft.
Stunning Lobby with 24/7 concierge • Party Room and Bar Fitness Centre • Swimming Pool and Whirlpool Rooftop Garden Terrace • Landscaped Courtyard Lounge with BBQs • Future Sheppard subway or LRT steps away
416.491.5683 lovecondominiums.com
Exclusive Listing: Baker Real Estate Incorporated, Brokerage. Brokers Protected. *See sales representative for complete details. Prices, terms & specifications are subject to change without notice. Illustrations are artist’s concept only. E. & O.E October 2013 NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 069
condo profile
True LOVE in the heart of Scarborough
g
emterra Developments is introducing a unique lifestyle residence to Scarborough. In the past year, the area has gained recognition as one of the hottest real estate markets in Toronto. Designed with the community in mind, Love Condominiums and Towns is located in the heart of it all at Kennedy and Shepherd.
070 new Condo Guide nov 30 - dec 14, 2013
A recent study by Urbanation shows that while downtown Toronto’s rental prices have decreased over the past year, Scarborough’s have increased by 4.3 per cent. Real estate prices remain less expensive than nearby Markham and Richmond Hill, and nearly $200 less per sq. ft. compared to downtown Toronto, making Love Condominiums an investor’s dream.
“Gemterra is at the forefront of a real estate boom in Scarborough, as buyers realize the incredible value this location has to offer,” says Linda Mitchell Young, vice-president sales and marketing at Baker Real Estate. Offering an exclusive, peaceful, hushed garden oasis in the middle of a buzzing urban centre, Love overlooks the Tom O’Shanter Golf Course, and is down the street from the Pacific Mall and the Chinese Cultural Centre of Greater Toronto – the largest of its kind in North America. According to the Fraser institute annual ranking of Elementary Schools, five out of the top 20 schools in terms of academic performance are located in the area. Residents will come home to Love through a private landscaped courtyard framed by two towers and 14 townhomes, with 24/7 concierge at the entrance. Suites and amenities cater to multiple generations families and young professionals alike. The community is planned around 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’s amenity building rooftop garden will become a sanctuary for morning Tai Chi or daily relaxation. Inside, purchasers will find a swimming pool, hot tub, men’s and women’s saunas, yoga studio and fitness centre. The base of each tower will contain its own party room, and billiard and entertainment lounge looking out onto the striking central greenspace, providing ample space for residents to entertain their families. Emphasizing the importance of design to the environment, each condominium and townhome features outdoor space with balcony patios. Kitchens and bathrooms boast the designer touch, with top-of-the-line Energy Star appliances, granite countertops and ceramic backsplashes. Love suites are available from one- to two-bedroom plus den, and feature floor-to-ceiling windows and minimal corridors to enhance the spacious concept. Suites are open and airy, while hardwood laminate and stylish finishes add warmth. “Scarborough is a hidden gem. Young professionals and families alike are starting to realize everything it has to offer as a vibrant community. Love Condominium is part of our investment in Scarborough and our commitment to the local community – a commitment that is very
important to me, my family and Gemterra,” says Yan Wang, principal of Gemterra Developments Corp. With more than 30 years of international experience in residential mid- and highrise developments, family owned and operated Gemterra Development Corp. has roots in construction and real estate, with a true appreciation for the value of quality craftsmanship. From building structure to final finishes, Love Condominium is at the forefront of Gemterra’s current phase of family-oriented development that caters to the community at Scarborough’s core. Located on Bonis Avenue, just north of Kennedy Road and Sheppard Avenue East, Love offers one-bedroom to twobedroom-plus-den suites ranging from 487 to 860 sq. ft., priced from the low $230,000s. Three-bedroom-plus-den Love townhomes range from 1,374 to 1,729 sq. ft. and start in the $470,000s. To register, visit lovecondominiums.com
nov 30 - dec 14, 2013 new Condo Guide 071
Homebuyers’ help
How to avoid
big problems in small spaces Whether you’re a first-time homebuyer or downsizing from a house, millions of Canadians are choosing to nest in smaller but convenient and affordable condominiums. At first glance, condo life seems worry-free, and this is the reason many prefer this real estate option. When purchasing a condo, however, many Canadians don’t consider the risks associated with non-insured damage to the unit. When purchasing a house, insurance is typically one of the first things accounted for when moving in. Unfortunately, insurance is often overlooked by condo owners, since most are unsure of what they are responsible for should any damage occur. The following questions have been provided by insurer RSA to help new condo owners determine how much protection they have under their condo corporation’s insurance policy and what they need to be aware of. Ask your realtor, lawyer or property manager the following questions for more clarity:
At first glance, condo life seems worry-free, and this is the reason many prefer this real estate option. When purchasing a condo, however, many Canadians don’t consider the risks associated with non-insured damage to the unit.
072 new Condo Guide nov 30 - dec 14, 2013
01 What does the condo corporation’s insurance cover and, more importantly, what doesn’t it cover? 02 Does the corporation’s policy cover just the structure and common areas of your building or complex, or more (such as damage to your unit’s walls)? 03 If there is major damage to your building, is it possible that you would have to make an additional contribution to cover the deductible of the condo corporation’s insurance policy? 04 What is the deductible in the corporation’s insurance policy? 05 Are you responsible for the full cost of repairs to another condo, or the full deductible on the corporation’s policy if, for instance, your dishwasher leaked or your bathtub overflowed and damaged the unit below? 06 How is a “standard unit” defined by your condo corporation? Does it cover things like fixtures, ceilings and floors?
THE
Real Estate Brokerage
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 073
city scene
// by brad j. lamb // photos courtesy of porter airline
good for an expanded isToronto’s real island airport estate economy
Brad J. Lamb is president of Lamb Development Corp., one of Canada’s leading condominium development companies, as well as Brad. J. Lamb Realty, Toronto’s top condo real estate brokerage. Over the last 25 years he has successfully led the marketing and sales programs for over 100 condominium projects in Toronto, Ottawa, Montreal and most recently Calgary. Visit torontocondos.com or follow Brad on Facebook, Instagram and Twitter @BradJLamb
I
must admit that I am a Porter Airlines fan. I believe the company is running the best airline in North America. Its fleet of Bombardier Q400 turboprops are quiet. I know this because for three years, I lived in the south-facing penthouse at the Tip Top lofts and I was never bothered inside or outside by the noise of the aircraft. I really just didn’t notice them coming or going. That’s not to say I didn’t notice the older aircraft using the airport. The older Cessna Float planes were a terrible noise nuisance and still are. Porter was no trouble at all. From Tip Top, I could walk to the airport and access a terrific line up of short flights. While I have moved off of the waterfront, I still
074 new Condo Guide nov 30 - dec 14, 2013
use Porter exclusively when I can. I will only fly Porter when travelling to Ottawa, Montreal, NYC, Boston or Chicago. It is so terrifically convenient; I save several hours per return flight by not travelling to Pearson. Then there is the aircraft. The Q400 turboprops are far better for the environment than any plane in service at Pearson. If you have to fly, and create greenhouse gasses, they’re the best commercial aircraft on the market. You cannot fly, commercially, any Greener than the Q400. I also think Porter in-flight service is the best in the industry. They offer coffee, beer, wine, water, pop, sandwiches and snacks. Their in-flight magazine is clever, stylish, informative and fun. This aircraft offers the most roomy and comfortable economy seat in North America. I have no complaints with legroom on Porter. Canadians are hearing more and more about losing high-paying, skilled jobs to offshore or American corporations. Bombardier is a Canadian company and it actually makes these planes in Toronto. Thousands of people work at the Toronto Bombardier plant and they are very well paid. It is the only Canadian aircraft manufacturer left. It builds an amazing plane and we, as Canadians, should support it. Boeing, Airbus and Embraer are fighting every day to kill this company. We as Canadians need to know this and support Bombardier and their equipment. Porter helped put this plane on the map. Now, many airlines are buying these planes because of Porter’s success. In fact, both Air Canada and West Jet just ordered a ton of these planes, but Porter was the pioneer. Obviously, many people agree with me, as 2.5 million passengers flew on Porter in 2012, and more than 10 million have used the airline since the first flight. Toronto loves Porter, which now has 1,400 employees from a standing
start. These are good jobs; they also plan on hiring 1,000 more people with the expansion. Our economy needs these jobs. A new $80-million tunnel is currently being constructed to make the trip to the island totally convenient. It is state of the art, and will move people faster and throughout the day without being held in ferry queues. Porter Airlines wants to expand its services by introducing Bombardier’s Whisper Jet CS100 to the island airport. Pratt & Whitney Canada is supplying the engines for the CS100; these engines put the “whisper” in the jet. They are assembled in Quebec.
I can tell you without any doubt in my mind, that if anything, the airport has added value to the waterfront and I believe that the CS100 jet service will continue to do so. The biggest users of the airport are the people who live and work downtown. In fact, waterfront prices have gone up since Porter has arrived. Porter could have ordered Boeing, Airbus or Embraer jets; all as I said, are trying their best to squash Bombardier. Porter ordered Bombardier with Pratt & Whitney-designed engines. Neither Air Canada nor West Jet have done that. According to Porter’s president, Robert Deluce, “It is the best aircraft in its class, by a mile.” That decision could help push Bombardier into the big leagues. Some people are saying that these jets are going to be too loud. Not so. The CS100 is the quietest passenger jet in production, hence being dubbed “whisper jets.” On its maiden flights, some journalists claim they missed the takeoff because they were so quiet. The current Island Airport agreement calls for planes that haven’t been grandfathered to emit less than 86.5 dB of sound on takeoff and approach. These whisper jets are rated at 85.7 dB, and the current silent Q400s are rated at 85.0. Sound will not be the issue. Additionally, there is talk that the boating and yachting community will be affected by a 168- to 200-metre runway extension being proposed to accommodate the CS100s. This really isn’t accurate, as the runway extension is contained within the current Marine Extension area. This is basically an area that boats are currently prohibited from entering that is clearly marked by buoys. Moreover, Transport Canada is likely to force a runway extension of
150 metres anyway as part of a new airport safety initiative. This means that the net extension at both ends could well be just 18 to 50 metres. Everyone knows that jets are big polluters and big emitters of CO2 gas. This is a fact. Porter is proposing to use these jets to travel to cities that the shorter range Q400s can’t go to (Miami, Nassau, Las Vegas, San Francisco, L.A., Vancouver, Winnipeg, Edmonton and Calgary). Air Canada and West Jet are using Boeing 737s and Airbus 320s to get to these cities; these are far more polluting and less efficient than CS100s, which emit 20 per cent less C02. The environment doesn’t care if the emissions happen at Pearson or potentially at a new Pickering Airport. These emissions are airborne and will find the lake and water naturally, regardless of where they are emitted. The reality is that Porter’s idea to use these jets is overall better for our environment, the water and the air. These are the Greenest jets available, and the only realistic answer for long-distance travel. I was recently asked if the Island airport has reduced real estate values along the waterfront and in the city. The follow-up question was if the new jets would also contribute negatively to real estate values. Twenty-five years ago, I started my real estate career on the waterfront, and have sold almost $8 billion of real estate since 1988 – some 21,000 properties. I can tell you without any doubt in my mind, that if anything, the airport has added value to the waterfront and I believe that the CS100 jet service will continue to do so. The biggest users of the airport are the people who live and work downtown. In fact, waterfront prices have gone up since Porter has arrived. The Pier 27 project commands Yorkville-type pricing for a front-row seat on the lake. There is no good reason to stop the expansion, but there are many reasons to push it forward. I, for one will be first in line to buy a ticket on the new CS100. nov 30 - dec 14, 2013 new Condo Guide 075
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1 Ted Baker Playing Cards
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2 Natural Wood
4 Annex Toque. $35. Visit tuckshopco.com
by Wild and Wolf. $25. Visit chapters.indigo.ca
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078 new Condo Guide nov 30 - dec 14, 2013
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5 Shared Inside-Out
Hudson’s Bay T-Shirt. $45. Visit drakegeneralstore.ca
6 Good Morning
Handsome Mug. $10. Visit chapters.indigo.ca
7 Alarm Clock iPhone Dock. $48. Visit drakegeneralstore.ca
9 Scratch Map by
8 Mustache iPad Case. $15. Visit winners.ca
10 Silver Street Money
Luckies of London. $30. Visit chapters.indigo.ca Clip by Kate Spade New York. $25. Visit bedbathandbeyond.ca
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11 This is War Earrings by 8 Other Reasons in Multi. $45. Visit eluxe.ca
13 Calf Hair Leather Wallet
12 Leather Driving Gloves. $40. Visit winners.ca
14 Cashmere Eye Mask with Travel Bag. $50. Visit homesense.ca
in Leopard Brown. $45. Visit chapters.indigo.ca
15 Braided Slipper. $39. Visit joefresh.com 16 Guy Bourdin Cinematic
Lipstick in Full Frontal by NARS. $30. Visit narscosmetics.ca
17 Thermal Mug - Cold Hands by Kate Spade New York. $18. Visit chapters.indigo.ca 18 Champagne Nail Lacquer by Coco & Lulu by Cake. $9. Visit chapters.indigo.ca
19 It by Alexa Chung. $32. Visit amazon.ca
20 New York iPhone
5 Slim Case. $35. Visit riflepaperco.com
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21 Holiday Giftset - Four Teas by Harney and Sons. $40. Visit chapters.indigo.ca
23 Geometric Throw.
26 Snow Globe. $25.
22 Picture Frame. $13.
24 Bicycle Bookend Set. $50. Visit pier1.ca
27 “Leave Something to the Imagination” Rose Candle in Black by Kate Spade New York. $50. Visit bedbathandbeyond.ca
Visit bouclair.com
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$35. Visit winners.ca
25 Measuring Gaggle. $36.
Visit anthropologie.com 080 new Condo Guide nov 30 - dec 14, 2013
Visit westelm.com
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28 Gold Pastry Plates, 6”. $33 for set of four. Visit starbucks.ca 29 Remodelista: A Manual for the Considered Home by Julie Carlson. $48. Visit amazon.ca
30 Monogram Cheese Board & Spreader. $30. Visit williams-sonoma.com
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KINGbLUeCONDOS.COM | 416.599.1355 KING BLUE PRESENTATION CENTRE 355 King StrEEt WESt Mon - thurS: 12PM – 6PM SAt & Sun: 12PM – 5PM Exclusive Listing: Baker Real Estate Incorporated Brokerage. Brokers Protected. *Prices and specifications are subject to change without notice. Illustrations are artist concept. **Restrictions apply. See sales representative for more details. $35,000 cash back incentive applies to select suites only. The amount will discounted from the final price, the above amount cannot be used towards a down payment or any installments thereafter. No other incentives can be used with this offer. E. & O.E.
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31 Cardboard Cat
Teepee. $39. Visit uncommongoods.com
32 Woodland Park Cat
& Dog Salt & Pepper Shaker Set by Kate Spade New York. $37. Visit bedbathandbeyond.ca
33 Red Dog Mug Set. $44.
Visit uncommongoods.com 082 new Condo Guide nov 30 - dec 14, 2013
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34 The French Dog by Rachael Hale. $30. Visit anthropologie.com
37 Dachshund Letter Holder. $32. Visit anthropologie.com
39 Ore Originals Urban
35 Pop Art Dog Pillow.
38 Guard Cat Doormat. $42. Visit uncommongoods.com
40 Animal Slipper-Sock $16.
$6. Visit homesense.ca
36 Pet Bow Ties. $12.
Country Pet Bowls. $20-$26. Visit westelm.com Visit urbanoutfitters.com
Visit chapters.indigo.ca continued on page 84‌
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HarmonyVillage.ca All prices, sizes and specifications are subject to change without notice. Rendering is artist’s impression. E. & O. E. Images are for mood and impression only.
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41 Boys Cardigan. $15. Visit marshalls.ca 42 Radio Flyer My 1st
Scooter Sport. $45. Visit walmart.ca
43 Confetti Ukulele by Janod. $30. Visit chapters.indigo.ca
45 Designer Girl Bearista Bear by Alice+Olivia. $22. Visit starbucks.ca
47 Houndstooth-Dress. $29.
49 BEBOELIG Children’s
44 Tea Set by Green Toys.
46 Rainbow Loom by Rainbow Loom. $19. Visit chapters.indigo.ca
48 MÅLA Easel. $20. Visit ikea.ca
50 LILLABO 20-Piece Basic
$30. Visit chapters.indigo.ca
084 new Condo Guide nov 30 - dec 14, 2013
Visit joefresh.com
Tent. $20. Visit ikea.ca
Train Set in Multicolour. $20. Visit ikea.ca
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This is a limited time offer. Exclusive listing: Baker Real Estate Incorporated, Brokerage. Brokers Protected. Prices and specifications are subject to change without notice. Illustrations are Artist’s concept. E. & O. E.
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 085
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For advertising details please call Dionne Fraser at 416.540.8819 *Prices, specs and availability correct at press time. **Promotion is valid to completed homes & inventory of 12 homes or less. 086 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
GTA Edition November 30 - December 14, 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 3 Pinnacle International 6 Cresford Development Corp. 7 The Daniels Corporation 10 Empire Communities 15 Tridel Corporation 17 Rockport Group 21 Remington Group 23 Tribute Communities 26 Bazis Inc. 27 The Daniels Corporation 28 Empire Communities 52 Cresford Development Corp. 58 Great Gulf Homes 124 Pinnacle International 140 Eden Shaw 149 Camrost - Felcorp 150 Aspen Ridge Homes 155 Lifetime Developments 171 Camrost - Felcorp 189 The Daniels Corporation 199 Fieldgate Homes 201 Easton’s Group 201 Solotex 202 Bazis Inc. 202 Rio Can 202 Metropia 215 Dundee Kilmer Developments 217 Pemberton Group 217 Baywood Homes 218 Malibu Investments Inc. 222 Lamb Development Corp. Menkes Developments Inc. 1 Goldman Group & Lash Dev. Corp. 1 Goldman Group & Lash Dev. Corp. 2 Great Gulf Homes 3 Concord Adex 3 Concord Adex 3 Concord Adex 3 Concord Adex 3 Concord Adex 4 Gairloch Investments 4 Tridel Corporation 5 Onni Group of Companies 5 Onni Group of Companies 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 16 Freed 18 Urban Capital 18 Urban Capital 19 KIngstone Road Development 20 Menkes Developments Inc. 20 Tower Hill Development Corporation 21 Easton’s Group 21 Remington Group 22 Monarch Corporation 22 Tridel Corporation 24 Greenpark Homes 25 Tridel Corporation 29 Pinnacle International 29 Pinnacle International *TH: Townhomes, C: Condo
Site Telephone TH* C* Price Range Page Finder The Marquee Townhomes on thePark pinnacleuptown.com • from $700,000 115 20K Merton Yonge Condominiums 416-484-1900 • from $350,000 128 14e High Park Condominiums 416-351-1844 • from $300,000 15 8L The HUB 416-784-3482 • from $250,000 6 9F 101 Erskine 416-480-0700 • from $285,000 BC 14D The Nest 416-223-0003 • from $250,000 55 11H King Blue Condominiums 416-599-1355 • from $200,000 81 12N The College 416-363-4800 • from $320,000 47 M14 One Yorkville 1yorkville.ca • 5 15I One Park Place South 416-955-0559 • from $200,000 Insert & 57 18k Water Tower at Eau Du Soleil 416-503-3328 • from $320,000 6 25B CASA III 416-486-2272 • from $250,000 127 15L Monde 416-466-8885 • from $300,000 22 17M The Pinnacle on Adelaide 416-596-1600 • from $334,000 95 15M Chaz Yorkville Condos 416-922-0045 • from $350,000 39 16J Imperial Plaza 416-925-2501 • from $450,000 3 15I Studio on Richmond 647-352-7736 • from $300,000 53 15M The Bond Condominiums 416-546-7525 • • 29 15G Yorkville Plaza 416-966-3003 • • from $350,000 1 14H Cinema Tower Condominiums 416-203-2020 • from $450,000 23 14M 90 Niagara 90niagara.com from $350,000 42-43 14O King Blue Condominiums 416-599-1355 • from $200,000 81 12N Upper Beach Townes • 86 24G E Condos 416-243-8688 • from $300,000 19 14E E Condos 416-243-8688 • from $300,000 19 14E E Condos 416-243-8688 • from $300,000 19 14E Canary District Condominiums 416-603-7576 • from $300,000 85 18L TEN93 Queen West 905-326-4100 • 8 12F TEN93 Queen West 905-326-4100 • 8 12F Smart House 416-292-0219 • from $250,000 49 15L The Harlowe 416-363-1771 • from $260,000 73 15M Harbour Plaza menkes.com • Insert 530 St. Clair Ave. West 416-868-0500 • from $344,000 12H the rushton rushtonliving.com • from $344,000 12H Yonge+Richmond 416-499-8883 • from $273,000 16K Grand Parade 2 at Concord CityPlace 416-813-2999 • 15M ParadeTWO Park Collection at Concord CityPlace 416-813-2999 • from $308,000 15M Quartz 416-813-2999 • • 15M Spectra 2 416-813-2999 • • 15N Grand Parade 2 at Concord CityPlace 416-813-2999 • 15M 383 Sorauren 383sorauren.com 9L Aqualina at Bayside Toronto 416-514-2710 • 16E 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 NXT 416-977-5300 • • from $300,000 8N VU 416-970-9500 • • from $370,000 16L Pears on the Avenue 416-323-0100 • from $382,000 14I 365 Church 416-591-7700 • from $250,000 14I The High Park 416-670-3699 • from $300,000 8L Trinity Lofts 416-690-2988 • from $330,000 19l Liberty Place 416-537-0047 • • from $170,000 12N 155 REDPATH 416-996-5428 • from $210,000 14D River City 416-862-0505 • • from $250,000 18L River City 2 416-862-0505 • • from $250,000 18L The Glen 416-694-3333 • from $255,000 23H Fabrik 416-591-7700 • from $250,000 14M 2221 Yonge 647-350-2221 • from $200,000 14E Westinghouse Lofts 416-599-1355 • from $200,000 12N Westinghouse Lofts 416-599-1355 • from $200,000 12N Picasso on Richmond 416-495-3549 • 14M Ten York 416-596-9888 • from $1020,000 12F Axiom Condominiums 647-352-4077 • from $225,000 17L Spadina Queen 416-661-1949 • 15D Success Tower at Pinnacle Centre 416-360-0673 • from $750,000 17m 33 Bay Residences at Pinnacle Centre 416-925-3325 • from $375,000 17m
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
Tower Hill Development Corporation Madison Homes Lamb Development Corp. Cresford Development Corp. Concord Adex Conservatory Group Cresford Development Corp. Times Developments Inc. MintoUrban Communities Inc. MintoUrban Communities Inc. Lanterra Developments Lindvest Canalfa Group Pemberton Group Lamb Development Corp. E-Park Development Emsatec Canada Inc Neudorfer Corporation Madison Homes State Building Group Empire Communities Lamb Development Corp. Tridel Corporation Harhay Developments Carttera Fernbrook Homes/Cityzen Dev. DHD Developments Great Gulf 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 Bazis Inc. Metropia Plaza Pemberton Group The Daniels Corporation The Daniels Corporation The Daniels Corporation Great Gulf Homes Lifetime Developments Lifetime Developments Concert Properties Triangle West Development Lanterra Developments Tridel Corporation Tridel Corporation Tribute Communities Tribute Communities Graywood Developments Mod Developments Inc. Canderel/Stoneridge Alterra Homes/Finer Space 45 Charles Ltd. BSaR Ltd Andrin Homes Graywood/Beaverhall Development Cityzen Fernbrook Homes Fernbrook Homes Urban Capital Malibu Investments Inc. Alit Developments Tre Memovia Developments Lifetime Developments Castlepoint/Cityzen/Fernbrook Pianosi Developments Sorbara Group Streetcar Development Mizrahi | Khalili Developments Sorbara Group Graywood Developments Mod Developments Inc. Reserve Properties Reserve Properties Pemberton Group Streetcar Development Greenpark Homes Cresford Development Corp. Tri-Win Developments Inc MintoUrban Communities Inc. Burnac Corporation Lifetime Developments Centre Court Development Streetcar Development Menkes Developments Inc. Freed Carttera Mod Developments Inc. Reserve Properties Castlepoint/Numa Torbel Group Urban Capital TAS DesignBuild Lamb Development Corp. Lamb Development Corp. Freed Mansouri Living
*TH: Townhomes, C: Condo
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Price Range
Page
Churchill Park Condominiums 416-966-9080 • from $900,000 The Madison 416-482-8090 • from $420,000 Riverside Towns 416-368-5262 • from $460,000 Lofts 399 416-867-3999 • from $390,000 Infinity The Final Phase 416-214-1988 • from $300,000 Milan 416-928-7409 • from $520,000 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 416-787-8882 • from $390,000 B Streets 416-532-6636 from $320,000 Liberty Central by the Lake 416-537-0047 • • The Uptown Residences 416-987-3500 • from $950,000 The Brant Park 416-368-5262 • from $262,000 Foundry Lofts 416-531-7760 from $399,000 The Brownstones 5 416-531-7760 • from $350,000 Brownstones 416-531-7760 • from $305,000 The Upper Canada Condominium 416-489-5194 • from $1800,000 The Upper Canada Condominiums 416-489-5194 • from $1.8,000 Schoolhouse 416-979-1333 • from $595,000 Flatiron Lofts 416-368-5262 from $243,000 300 Front Street West 416-217-0300 • from $324,000 One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 One Eleven Condominiums & Lofts 647-347-4111 • from $250,000 Pier 27 Waterlink 416-367-3456 • from $800,000 Condos at The Distillery 416-361-1322 • from $400,000 One Bloor Residences 416-922-0081 • from $535,000 The King East 416-368-5262 • from $435,000 East Condos & Lofts 416-368-5262 • from $310,000 King West 647-341-1731 • 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 647-341-1731 • from $279,000 Exhibit 416-967-7778 • Exhibit 416-967-7778 • Exhibit 416-967-7778 • U Condominiums 416-546-6605 • from $2500,000 One Park West 416-955-0559 • from $406,000 One Park Place Condominiums 416-955-0559 • from $200,000 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 $274,000 88 Scott 416-216-8588 • Art Condos 416-535-7775 • from $530,000 Riverhouse at the Old Mill 416-766-7343 • from $520,000 Two Old Mill 416-645-7022 • from $356,000 Old Mill 416-645-7022 • from $450,000 RCM I on University 647-351-9247 • from $393,000 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 Chaz Yorkville Condos 416-922-0045 • from $320,000 12 Degrees 416-408-1200 • from $350,000 The Berwick 416-922-9425 from $280,000 The Mercer 416-597-6940 • from $350,000 Backstage on the Esplanade 416-777-2533 Backstage on the Esplanade 416-777-2533 Vero 416-798-7070 from $250,000 Tableau Condominiums 416-591-8887 • • from $450,000 Tableau Condominiums 416-591-8887 • • from $350,000 Tableau Condominiums 416-591-8887 • • from $350,000 Carmelina 416-423-8500 • from $325,000 The Yorkville Condominiums 416-987-3344 • • from $550,000 L Tower 416-777-2533 • from $410,000 Perspective Condos 416-242-3500 from $280,000 thirtytwo Camden 416-860-0060 • from $240,000 8 Gladstone 416-690-9009 • from $335,000 133 Hazelton Residence 416-926-9900 • 210 Simcoe 416-217-0210 • from $200,000 Five Condos 416-928-0555 • • from $375,000 Five Condos 416-928-0555 • • from $375,000 Rise 416-546-7399 • • from $290,000 Model Suite of the Month • Neon 416-987-7878 • from $470,000 The Carlaw 416-690-8588 • from $200,000 Allure Condominiums 416-487-7600 • from $350,000 1000 Bay 416-485-3000 • FAD Condos 416-815-1818 • from $250,000 30 Roe 416-915-3812 • from $350,000 South Hill on Madison southhillonmadison.com • from $200,000 INDX 416-987-4639 • INDX 416-987-4639 • The Carnaby 416-690-9009 • from $250,000 Noir 416-977-8780 • from $250,000 SIXTY Colborne 416-601-0060 • from $300,000 SIXTY Colborne 416-598-7775 • from $300,000 The Massey Tower 416-966-0197 • • from $320,000 109OZ 416-531-4844 • from $300,000 The Sterling 416-777-2533 • • from $230,000 Wallace Walk 416-531-1818 • from $210,000 Smart House 416-292-0219 • from $250,000 Duke Condos junctionlife.ca King Charlotte 416-368-5262 • from $416,000 Theatre Park 416-368-5262 • from $537,000 Thompson Residences 416-360-0600 • from $280,000 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 13H 14E 19L 14L 16m 15I 15L 17I 14M 14M 14B 13J 12N 16J 14M 9I 9I 9I 14G 14G 13i 20J 15M 13M 13M 17N 18L 15I 18L 18L 13N 15I 15I 14J 17M 17M 9j 9J 14M 17L 14i 14i 14i 15K 18J 18J M14 16J 16J 16m 17M 12N 5L 5L 5L 14M 15I 16J 16J 12N 16L 16J 15L 14D 15M 17M 17M 17M 15L 15L 15L 23J 15G 17L 4H 14L M12 14I 15M 15J 15J 12H 12H 14D 19K 14F 15J 14M 14D 13I 16M 16M 12M 15M 16L 16L 16L 12M 9L 9L 15L 8K 15M 16M
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
# 30 32 33 37 41 46 52 54 55 55 57 59 60 62 64 66 66 66 70 70 78 81 83 85 85 88 94 99 101 101 102 103 103 104 106 106 109 109 110 114 117 117 117 118 120 120 122 126 126 128 129 130 131 131 131 133 134 135 135 136 137 140 141 142 148 151 151 151 153 153 153 154 155 157 162 165 170 173 175 179 179 184 184 185 186 188 190 191 192 193 195 195 197 198 200 200 206 207 210 217 218 219 220 221
089
1
2
3
4
5
6
7
8
A
9
10
11
12
13
14
15
16
17
18
101
Steeles Ave
19
20
23
24
124
96
25
26
121
99
33
b
21 22
North York c
14
400
2
135
5
124
40 8 50
128
4
37
5
1
401
d
6
28
123
e
21
401 3 122
f
130
125
98
132 25
g
95
h * Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
#
Builder
Site
torontoregionalmaps: North York 090
Telephone
TH* C*
Price Range
Page
Finder
The Brownstones at Westown
lindvest.com
from $330,000
97
4C
21 Tridel Corporation
Argento
416-663-1818
•
from $562,000
IFC
22e
5 Lindvest 96 ELAD Canada
Emerald City Condominiums
96 ELAD Canada
Biyu Emerald City
121 Liberty Development Corp.
416-492-0001
•
from $248,000
61
24C
biyucondos.com
•
from $250,000
61
24C
World on Yonge
905-771-7010
•
from $284,000
35
A18
122 Lanterra Developments
Treviso Condominiums
416-787-8882
•
from $250,000
25
12F
123 Brandy Lane Homes
The Station
416-398-9777
•
from $420,000
63
12D
128 The Daniels Corporation
NY2
416-221-3939
from $220,000
27
19C
1
Concord Adex
Opus
416-813-2999
•
22C
2
Torbel Group
The Avanti Condominiums
416-636-0400
from $390,000
3
YYZed Project management
VISTO
vistocondos.ca
from $220,000
8E
4
Tridel Corporation
Hullmark Centre
416-733-2883
•
from $524,000
18D
4
Tridel Corporation
Aristo at Avonshire
416-730-0300
•
from $383,000
18D
6
Concord Adex
Tango at Concord Park Place
416-813-2999
•
•
from $236,000
22C
6
Concord Adex
Discovery at Concord Park Place
416-813-2999
•
22C
6
Concord Adex
Discovery II at Concord Park Place
416-813-2999
•
6
Concord Adex
Tango2 at Concord Park Place
8
Conservatory Group
Pearl 2 Condominiums
•
17C
•
from $210,000
22C
416-813-2999
•
from $265,000
22C
416-512-1818
•
17C
14 Torbel Group
Diva
15 Emery Condominiums
The Essential
905-887-4888
•
from $250,000
20E
28 Tridel Corporation
Alto at Atria
416-645-8866
•
from $288,000
25D
33 Castle Royale Development
The Palm Condominium Residences
416-306-1000
•
from $400,000
17B
37 Norstar Group of Companies
Portrait Condominiums
416-282-9600
•
from $300,000
13C
40 Menkes Developments Inc.
Gibson Square
416-730-9722
•
from $385,000
17C
50 MintoUrban Communities Inc.
88
416-915-3805
•
from $325,000
18c
50 Devron Developments
Flo Condominiums
647-799-0356
•
from $250,000
18c
86 Canderel/Stoneridge
Aura At College Park
416-962-8688
•
from $995,000
16K
94 DHD Developments
Gooderham
416-361-1322
•
from $410,000
18l
95 Aspen Ridge Homes
Scenic on Eglinton
416-805-1781
•
23G
96 ELAD Canada
Dreamtower At Emerald City
416-492-0001
•
from $248,000
99 The Brown Group of Companies
Willow Park at Bayview
416-221-6767
•
from $400,000
21
101 Kantium Development
Posh Condominiums
905-771-0134
•
from $544,000
16A
122 Lanterra Developments
Treviso II
416-787-8882
•
from $250,000
12F
124 Tridel Corporation
Trio at Atria
416-645-8866
from $288,000
24C
125 Fram Building Group
LIV Lofts
416-445-5638
from $250,000
22F
128 The Daniels Corporation
NY Place
416-221-3939
•
from $250,000
19C
130 Tribute Communities
Canterbury
647-352-2130
•
•
from $700,000
19F
132 Fram Building Group/Cadillac Fairview
Flaire Condos
416-445-8868
•
from $320,000
22F
*TH: Townhomes, C: Condo
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
DivaCondo.com
•
from $250,000
11C
24C
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
3
4
5
6
8
21 22
bio
26
e
Islington Ave
al
Kipling Ave
Martin Grove Rd
10
62
Bl
vd
1
2A
40
Dixon Rd
Etobicoke Rathburn Rd
19
8 ll R Mi
44 Bloor St W
d
Dundas St W
Queensway
70
11 53 3 56 39 4 37 6 33
Gardiner Expressway Evans Ave
Horner Ave
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
5 Park Lawn
35
50 14 51 34
Royal York Rd
Scarborough
d
Ranforth Dr
409
ett R Scarl
Westway
h
*TH: Townhomes, C: Condo
25
d
Re
QEW
Builder Stanton Renaissance Monarch Corporation Great Gulf Homes Menkes Developments Inc. Monarch Corporation Queenscorp Residences Liberty Development Corp. City Core Pemberton Group Esquire Homes Windcatcher Development Corporation Henderson Development Limited Stanton Renaissance Monarch Corporation Conservatory Group Pemberton Group Lash Group of Companies Carttera Camrost - Felcorp Camrost - Felcorp Graywood/Beaverhall Development Davies Smith Monarch Corporation Empire Communities Averton Homes Tridel Corporation Amexon Development Corporation Monarch Corporation Tridel Corporation Tridel Corporation Edilcan Development Corp. 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
24
nR
27
60
23
Finch Ave W
23
7
# 2 5 7 7 18 25 28 38 50 1 1 2 2 4 6 8 10 10 11 11 15 20 29 33 34 35 37 39 42 44 45 46 51 55 56 60 61 61 62 65 70 71
Al
Humberline Dr
Av e
20
401
Centennial
Da nf or th
19
xd
ve nA
Ki
18
Passmore Ave
lva
Sy
17
East Ave Port Union Rd
n sto 1
ng
Ki
Manse Rd
72
RD
Galloway Rd
St. Clair Ave 1
Orton Park Rd
Markham Rd
McCowan Rd
Bellamy Rd
Lawrence Ave E
Scarborough Golf Rd
n Dr
orto
16
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
15
Sheppard Ave E Conlins Rd
2
Brimley Rd
Warden Ave
Pharmacy Rd
e
61
Birchmount Rd
d
Kennedy Rd
Ellesmere Rd
401 Midland Ave
55 401 31
Milner Ave
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
Site Telephone TH* C* Price Range Page Finder On The Go 647-692-8417 • from $250,000 105 23C The Epicurean 416-495-3530 • from $250,000 Insert 23F One Sherway Condominiums 416-695-3535 • 24 16G One Sherway Condominiums 416-695-3535 • 24 16G Lago 416-495-3544 • from $200,000 Insert 24c Watermark 416-354-2221 • from $307,000 107 19D Terrace on Danforth 416-987-7575 • from $234,000 35 2F Harmony Village Sheppard HarmonyVillage.ca from $238,000 83 2C Vivid Condos 416-239-8200 • from $250,000 10 23F Three Seven Condos & Lofts esquirehomes.ca • from $210,000 11D Atwater Condos 905-271-5038 • from $280,000 12B Centro 416-296-1898 • from $185,000 6D On The Go 647-692-8417 • from $250,000 23C Nautilus at Waterview 416-203-6636 • from $400,000 25H Altitude 416-321-1659 • from $230,000 25H Palais at Port Royal Place 416-239-8200 • from $260,000 23F Cloud 9 Condominiums 416-747-0199 • from $220,000 22B Cloud 9 Condominiums 416-800-0812 • from $240,000 22B ilofts at Mystic Pointe 416-251-8888 • from $310,000 25G California Condos 416-251-8888 • from $242,000 25g Ocean Club 416-255-4663 • from $250,000 24C Eleven Superior 416-259-8882 • from $220,000 23C Encore 416-495-3544 • 5D Beyond The Sea Star Tower Condominiums 416-979-1333 • • from $400,000 24H Evolution 416-747-9691 • from $250,000 22G Parc Nuvo at Essex 416-231-0999 • from $456,000 22g South Beach 416-252-3000 from $209,000 25H Waterscapes 416-495-3544 • 26H Ventus at Metro Gate 416-293-5535 • from $314,000 4c West Village 416-620-1887 • from $287,000 21F One Valhalla 416-233-5554 • from $239,000 21F Park Towers at IQ 416-253-5838 • from $220,000 22G Westwood Condominiums 416-239-9888 • from $250,000 23F Avani At Metrogate 416-293-5535 • from $240,000 4C Jade Condominiums 416-762-8818 • from $293,000 24G Nature’s Path 416-745-6686 • • from $270,000 11E 2150 Condos 416-750-2150 • 3E Haven On The Bluffs 416-2611-9555 • from $160,000 3E Lexington 416-638-8444 • from $240,000 21C South Shore 416-913-2136 • from $350,000 22H Qube Condos 647-351-7823 • from $200,000 24G Me Condos 416-430-0003 • from $150,000 8D
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
torontoregionalmaps: Scarborough, Etobicoke
091
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21 22
Va lle yP ar kw n Do
26
Park
Ave
2
8
o esh Lak W Blvd
y Valle D on ay Parkw
QEW
16 17 shore Lake W Blvd
25
rd S
tE
20
11
St
y Ave
14
Jarvis
ersit
St Keele
1
re
Univ
ve ina A Spad
e
24
bine
Ave well
G era
Rd
ne
erin
s dow
Duff
Land
d
f
Cox
Rog
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ue Aven
Rd
d
d ers R
han
ina R
Rd
Vau g
St
on
Spad
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We st
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ve W on A
St Jane
c
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d Woo
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b
23 ir Av
St Cla
oria Vict
1
d Dr Lair
21 4 12 18ay 9 29 ssw xpre er E
din
Gar
g
Toronto Waterfront
h
* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
waterfrontmaps: Toronto
#
092
Builder
Site
58 GREAT GULF
Monde
416-466-8885
• • from $304,000
22
1
Pemberton Group
Telephone
TH* C*
Price Range
Page
Finder 17M
Park Lake Residences
416-769-4343
• • from $250,000
3F
3 Concord Adex
Grand Parade 2 at Concord CityPlace
416-813-0999
•
15M
3
Concord Adex
Quartz
416-813-0999
• •
15M
3
Concord adex
ParadeTWO Park Collection at Concord CityPlace
416-813-0999
• from $308,000
15M
4
Monarch Corporation
Nautilus at Waterview -
416-203-6636
• from $400,000
25H
4
tridel corporation
Aqualina at Bayside Toronto
6
Plazacorp/Berkley Community
West Harbour City
7
Lifetime Homes
8
Concord Adex
8
Concord Adex Grand Parade at Concord CityPlace
416-813-0999
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
Luna Vista at Concord CityPlace
416-813-0999
• from $2,213,000
14F
8
CONCORD ADEX
Spectra
416-813-0999
• •
14F
8
Cresford Development Corp.
NXT at Windermere By The Lake
416-977-5300
• • from $300,000
11f
8
Cresford Development Corp.
NXT2/Phase Two
416-977-5300
• • from $210,000
4E
9
Conservatory Group
Infinity Condominiums
416-214-1988
• from $250,000
14f
11 CAMROST FELDCORP
California Condominiums
sunsetcondos.ca
• from $242,000
25G
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
18 Fernbrook Homes/Cityzen Dev.
Pier 27 Residences On The Lake
416-367-3456
• from $300,000
11F
18 URBAN CPITAL
River City 2
416-862-0505
• from $250,000
18L
29 PINNACLE INTERNATIONAL
33 Bay Residence at Pinnacle Centre
416-925-3325
• • from $375,000
17M
60 CANALFA GROUP
Liberty Central by the Lake
416-537-0047
12N
*TH: Townhomes, C: Condo
416-514-2710
•
16E
westharbourcity.com
• from $327,000
13E
Waterparkcity – Neptune
416-203-3700
•
13f
ParadeTWO Tower Residences
416-813-0999
• from $287,000
14f
• from 293,000
14F
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
Price Range
647-692-8417 48
• from $250,000
416-495-3544
•
416-354-2221
• from $307,000
og
Scug
Manvers
Page
Finder
Scugog
105 Insert
Whitby
Dr
Ce rem on ial
Qu ee nS tE
St W
Ra th bu rn Rd W
or Qu Dr ee n
Ro ya lW ind s
Sh Sp erid ea an km P an ark Tr Dr Dr us co tt Dr
Th eC oll eg ew ay
Sp ee rs Rd La ke Ma sh cD or eR on Cor ald nw dE Rd all Rd
La ke sh or eR dW
Bu rn ha m th or pe Rd E
Eg Bu lin to rn Ra n ha th b m u th rn or Rd pe E Du Rd nd Th W as eQ St ue E en sw ay
Br ita nn ia Rd W
Av eW St ee les
ly
•
5 United lands
Stonebrook Condominiums
905-822-8858
8
San Francisco By The Bay
10 Pemberton Group
Oshawa
• from $320,000
107 401
23C 24C
Newcastle 19D
from $280,000
12B
• from $270,000
9E
905-831-3631
•
• from $180,000
23J
Bluwater Condominiums
416-987-8800
• from $350,000
5J
11 Monarch Corp.
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 $250,000
24C
20 DAVIES SMITH
Eleven Superior
416-259-8882
• from $220,000
23C
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
TH* C*
905-271-5038
Highlighted listings are advertised in this issue of Condo Guide. Please refer to page number for complete information.
Park Rd S
Lake
Uxbridge
Atwater Condos
*TH: Townhomes, C: Condo
Phillip Mur
Lindsay
25B
chestnut hill development
Bloor St
Si
Whitby 7 Waterfront
Park Rd S
8
Stevenson Rd
Wentworth St
Gibb St
Thornton Rd
Bay
King St W Bond St W
Centre St.
401
Schomberg Watermark
Adelaide Ave
Kendalwood R
Telephone
Garrard Rd
48
Blair St
Cannington
Hopkins St
La Br ke id sh ge or Rd eR dW
Anderson St
Garden St Blair St
King
Brock St S Henry St Gordon St
Keswick
n
Bayly St E Georgina Island 33 caygeo Bob
Ajax-Whitby
Georgina
Cochrane St
Sim
Shoal Point Rd
a
Bradford Tecumseth and On The Go Tottenham
Bv
e 401
Rossland Rd
Manning Rd
Town of Whitby
Dundas St E
co
Pickering Beach Rd
Harwood Ave
ke
La
McQuay
Townline Rd
Audley Rd
Rd
Brock St N
Dryden Bv
6
windcatcher development corp.
eS co Sim
Stevenson Rd
Garden St
Baldwin St S
Taunton Rd W
Rossland Rd
416-503-3328
1
To Os
Thornton Rd
Thickson Rd
Conlin Rd
Country Lane
Lakeridge Rd
Audley Rd
Coronation R
1518 20
R
Taunton Rd WWaterfront Etobicoke
Salem Rd
Up pe rM idd le
Garrard Rd
Baldwin St N
De rry Rd W
Duffs Rd
Park Lawn Cedarbrook T
Royal York Rd
Halls Rd N
4 Sideline R
Salem Rd
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condo watch
High Park Condominiums by The Daniels Corp.
416
Builders: If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@wall2wallmedia.com
Coming soon, where modern urban meets Mother Nature. Register today. Web: DanielsHighPark.com
The HUB by Empire Communities
Now open in this key Eg-West location. Get connected, live life on tomorrow’s fast lane. Web: EmpireTheHub.com
Ten93 by Pemberton Group
Coming soon to Queen West and Dovercourt – an eclectic fusion of fashion, art, culture, creativity and style. Register now. Web: Ten93QueenWest.com
The Britt by Lanterra Developments
Condos with European flair coming soon to Bay and Wellesley. Register now. Web: LanterraDevelopments.com
previews & registrations Chaz.Yorkville by 45 Charles Ltd. & Edenshaw Homes
Coming soon: new release of spectacular Sky Residences Plus in this premier Yorkville neighbourhood. Register now. Web: ChazYorkville.com
Brownstones at Westown by Lindvest
Discover tremendous value at Weston Road and Sheppard Avenue West. Register by calling 416.740.1175 or visit online. Web: Lindvest.com
Smart House by Urban Capital/Malibu
Intriguing, innovative, smart condos at Queen and University. Register for info. Web: SmartHouseToronto.com
1 Yorkville by Bazis/Plaza
Coming soon to Toronto’s lap of luxury. Register online to stay informed. Web: 1Yorkville.ca
Harbour Plaza by Menkes
Now on sale, the “one” place to be in downtown east. Register now to stay informed. Web: DanielsOneParkPlace.com
Palazzo at Treviso III by Lanterra Developments
Coming this fall to Dufferin and Lawrence. Register now to stay informed. Web: TrevisoCondos.com
Cinema Tower by The Daniels Corp.
World-class condo in the heart of the Entertainment District. Register now. Web: CinemaTowerCondos.com
88 Scott by Concert Real Estate Corp.
A new release of one-, one-bedroom-plus-den and two-bedroom homes from the 33rd to the 52nd floors. Web: 88Scott.com
101 Erskine by Tridel
New two-bedroom “2F” corner suites at this popular Yonge and Eglinton location. Web: Tridel.com/101erskine
The Epicurean by Monarch
Experience a slice of the finer things in life, now open in The Kingsway. Web: MonarchGroup.net
The Madison by Madison Homes
Grand opening of the top floors at this Yonge and Eglinton condo. Web: MadisonCondos.ca
Minto Longbranch by Minto
Water Tower by Empire Communities
The Nest by Rockport
Love Condominiums by Gemterra
Urban towns coming soon to the Long Branch neighbourhood. Register for your preview opportunity. Web: MintoLongbranch.com
Landing soon in Hillcrest Village. Register today to stay informed. Web: TheNestCondos.com
Harmony Village by City Core Developments
Register now to connect with Toronto’s ultimate love/work/play address. Web: Menkes.com
Live in perfect harmony with comfort, convenience and culture, at Sheppard and Warden. Register today. Web: HarmonyVillage.ca
Twenty Lombard by Great Gulf
Biyu at Emerald City by ELAD Canada
Boutique living starts on the 34th floor at Yonge + Rich, with 150 private residences coming soon. Register now. Web: YongeAndRich.com
Coming this fall, new condominiums at Emerald City, at Sheppard and Don Mills. Register now to stay informed. Web: BiyuCondos.com
Alexandra Park by Tridel
87 Peter by Menkes
Register now for this master-planned community coming to Spadina and Queen. Web: Tridel.com
094
One Park Place by The Daniels Corp.
new releases & grand openings
Now previewing, condos at Peter and King. Call 416.977.8780 or visit online. Web: Menkes.com
Now open, a new urban waterscape offering inspired condo living in the Eau Du Soleil community. Web: EmpireWaterTower.com
Grand opening continues. Visit the new sales centre and designer-decorated model suite at Sheppard and Birchmount. Web: LoveCondominiums.com
Imperial Plaza by Camrost Felcorp
New release of 18th-floor suites, priced from the mid-$300’s. Web: ImperialCondos.ca
Westinghouse Lofts by Easton’s Group/Remington
New release of lofts at King and Blue Jays Way. Register to stay up to date. Web: KingBlueCondos.com
Axiom Condos by Greenpark Homes
Now open at Adelaide and Ontario St. Suites starting from the $200’s. Visit the presentation centre. Web: Axiomcondos.com
095
Make Your Move
// by Chuck Resnick
Blizzards, black ice and
Chuck Resnick is vice-president of marketing and operations, Two Men and a Truck Canada. twomenandatruck.ca
m
oving when ice and snow are in the daily forecast isn’t a popular choice for many Canadians. It’s cold and slippery; but with some extra safety precautions, winter moving also has many advantages.
Keep cosy. Carry extra warm clothes for you and your family – including hats, gloves and snow pants. Pack these ahead of time and clearly label them so you can locate them immediately. 096 new Condo Guide nov 30 - dec 14, 2013
moving
Moving last minute? No problem, if it’s during the cold months. Choosing to move in the “off season” – sometime between November and March – can save you time and money. Summer is the busiest season for moving companies. This means you must be well prepared, booking six to eight weeks in advance to ensure your preferred moving company is available. Not only are they higher in demand but generally their rates are also more expensive. Some companies may be more willing to negotiate their rates during the winter months as they’re competing for business during the slow season. Likewise, less rush and stress for companies in the winter means you get their best employees resulting in a higher quality of service. With everything booked, now comes the packing. Follow these tips for a relaxed and toasty move – no matter what’s going on outside those frosted windows. ›› Have a contingency plan. Keep up to date with local weather forecasts and change your plans accordingly. If a big snowfall or freezing rain is expected the morning of your move day, don’t risk it. ›› Keep cosy. Carry extra warm clothes for you and your family – including hats, gloves and snow pants. Pack these ahead of time and clearly label them so you can locate them immediately. ›› Remember your items will be in a non-heated environment for a while. Ensure your plants, electronics and liquids are properly packed and protected from the cold. ›› Allow extra time on the move day – cold weather slows things down. Additionally, rushing in the winter can lead to accidents and injuries. ›› Have driveways and sidewalks cleared of snow before the movers arrive. Your driveway needs to be ploughed wider than usual – enough to allow the moving truck’s loading ramp to be positioned as close to your front door as possible. Lay plywood down on muddy or slushy areas. Slipping can not only lead to dropped boxes and broken possessions but also personal injury. ›› Quality movers will use floor runners to protect your floors in high traffic area but for extra protection inside, cover your floors to protect them from tracked-in snow, mud and salt. ›› Drive safe. Make sure maintenance and service on your vehicles is current. Check the air pressure on your tires and ensure the trunk is equipped with emergency kits (matches, flashlight, food), blankets and shovels. Drive slowly with extra caution. ›› Be certain that your heating company for your new home is aware of your move in day. Wintertime moving doesn’t have to be wet and miserable. With these reminders, you’ll be packed up, moved and basking in the warmth of your new home before you know it.
condo profile
THE BROWNSTONES AT WESTOWN
Discover tremendous value at Weston Road and Sheppard Avenue West
l
indvest chose the incredible Toronto location of Weston Road and Sheppard Avenue West to release the Brownstones at Westown – a collection of stacked two-bedroom townhomes remarkably priced from $329,900, with maintenance fees approximated at an unbelievable $0.19 per sq. ft. Response to the recent preview opening was phenomenal. Purchasers were surprised to find exceptional value like this in a 416 address, considering the fact that the average price of a Greater Toronto Area home recently soared to $536,301. Lindvest’s new collection is a once-in-a-lifetime opportunity to own a spacious new townhome in Toronto for much less than downtown condominium prices! 098 new Condo Guide nov 30 - dec 14, 2013
In addition, the Brownstones at Westown are situated in a relatively new established area with a multitude of existing amenities close by. Residents live near completed parks, playgrounds, walkways, schools, shopping, services, places of worship, Oakdale Golf & Country Club, Humber Valley Golf Club, and an eclectic assortment of restaurants, grocery stores and food markets. Families appreciate the recently opened park that features a sports field and splash pad for summer fun. For commuters, access to transit is easy, with TTC only steps from the front door, and Hwys. 401 and 400 just a few minutes’ drive.
Families appreciate the recently opened park that features a sports field and splash pad for summer fun
and finishes gracing the space-maximizing layouts. Among the standard appointments (all as per plan) are highperformance laminate and rich ceramic tile flooring, stained oak stairs with handrail and upgraded black iron spindles, smooth-finish ceilings throughout, kitchens with upgraded cabinets and quality appliances (self-clean oven, frost-free refrigerator and built-in dishwasher), and an ensuite laundry room with a stacked washer/dryer. Some designs include patios or balconies with glass privacy screens. Choose from one- and two-level suite designs. Prices include one underground parking spot. Lindvest is a Toronto-based builder/developer with deep roots spanning six decades in the highly reputed, awardwinning H&R family of companies. Founded in 1998, Lindvest is committed to delivering the utmost quality in design, construction and service, continually putting homeowners first. The company’s vision is to build outstanding homes and communities where residents can live life to the fullest. Thousands of families already live in Lindvest homes across Ontario. Within the GTA, Lindvest is known for creating several successful communities. Already topped off, B.streets condominiums at Bloor and Bathurst encompasses stunning suites and Lane Homes. Gracefields, which presents country living just minutes from Newcastle, offers a range of styles from bungalows to two-storey designs close to services and amenities. If a more immediate move in is required, Lindvest has a few remaining homes available in both Castle Square in Markham and Westown in Toronto. Visit the company’s inventory section at lindvest.com
The brainchild of RN Design, the Brownstones at Westown add an innovative alternative to the detached homes, semis and townhomes that already make up the thoughtfully planned community. The townhomes are inspired by New York’s iconic brownstones, which were designed according to the concept that dates back to the 19th century. Lindvest has added contrasting stone accents and contemporary detailing to the traditional brick to bring the elevations into the 21st century in style. Professionally designed landscaped areas will finish off the striking exteriors. Contemporary interiors by LUX Design offer refined living, with high-quality features
To discover an amazingly affordable opportunity for Toronto townhome shoppers, visit the Brownstones at Westown’s sales office at 2277 Sheppard Ave. W. Hours are Monday to Thursday from 1 to 8 p.m.; Saturday and Sunday from 11 a.m. to 6 p.m. For more information or to register, call 416.740.1175 or visit lindvest.com.
nov 30 - dec 14, 2013 new Condo Guide 099
fitness gallery
// by mark j. stables
the importance of sleep Cut off coffee, chocolate or caffeine from about 3 p.m. on. Now, here’s a good excuse to load up on cappuccinos and truffles earlier in the day – and limit alcohol consumption too, since alcohol will make you sleepy, but will actually prevent you from entering the deeper stages of sleep required for your body to recharge.
Mark J. Stables is founder of Benchmark Group and Movement Haus. He is a renowned fitness and wellness expert with over 15 years experience in the industry. Working with hundreds of urban condominium dwellers, Mark has experience and insight into the design of condo fitness amenities and the way people use them. As the landscape of fitness continues to evolve, this in-depth knowledge of health and fitness, coupled with his passion for architecture and design, yields an optimal exercise environment for today’s urban athlete. Visit online at movementhaus.com, benchmarkgroup.ca or call 416.428.3536.
S
leep. It’s a valuable commodity, and while most of us wish we were getting more of it, all too often things – and by “things” I mean late night dinners, post-work social hours, helping kids with homework, and stressing about work and the day to come – all get in the way. Unfortunately, there is no magic spell that will add more hours to the day, but I do have a few tips to improve the quality of sleep, so at least the hours you’re logging will do you the most good. Your sleep routine should actually start with some lifestyle changes earlier in the day:
100 new Condo Guide nov 30 - dec 14, 2013
Try not to exercise within three hours of hitting the hay. Whenever possible, schedule some downtime for 45 to 60 minutes leading up to bedtime. Some light reading is always a good bet. Perhaps this column is a good start? Ban electronic devices from the bedroom. Smartphones, TVs, tablets and the like should all find a home elsewhere, and keep your sleeping environment cool and comfortable with the temperature set around 20 Celsius. Try these out and I guarantee you’ll be having sweet dreams before you can even count your first sheep.
Whenever possible, schedule some downtime for 45 to 60 minutes leading up to bedtime. Some light reading is always a good bet. Perhaps this column is a good start?
Creating Winter Wonderlands
Artist concept of the proposed skating area at ME Condos.
Season’s Greetings From www.lashgroup.ca Discover one of our wonderful communities in the New Year! COMING SOON
NOW OPEN
NOW OPEN
ST. CLAIR & BATHURST
YONGE & EGLINTON
NEIGHBOURHOOD LIVING MIDTOWN
COMING SOON
DISTINCTIVE CONDOS ETOBICOKE
SCARBOROUGH
MIDTOWN 101
Finances
How to take finances
and relationship, but communication is always key. “Start by discussing debt, saving, spending habits, financial goals, and credit history to determine if there is anything that may affect the ability to secure future loans together,” says Farrell Jones. “Next, work together to create a household budget that meets the needs of expense and debt management and has a little left over to put towards the collective financial goals.” Paying down student debt and saving for a home in the future, for example, are common goals for many couples in their 20s. As with any financial goal, it’s important to discuss and align on key considerations like timing, affordability and overall expectations. In the case of home ownership, couples should also make sure they agree on whether they are buying for the long or shortterm as it will have a financial impact down the road. The 40s: Paying down debt, raising kids and saving for retirement – with many financial priorities, streamlining is essential for couples looking to combine their finances in their 40s. First comes love, and then comes… a joint bank “First and foremost, couples at this life-stage should account. Whether a couple is cohabitating in their 20s, focus on what will make life easier, financially, together,” getting married in their 30s or remarrying in their 60s, at says Farrell Jones. “Consider working with an expert to some point in any serious relationship the conversation make sure each individual financial strategy aligns with about joint finances will surface. Regardless of life stage, the other to maximize savings potential and keep all of the successfully integrating finances requires open and honest household financial priorities on track. Couples can also communication to determine how to best combine and further streamline by making savings automatic with preplan for the future together. authorized transfers into a TFSA, RSP and a child’s RESP.” According to research from TD Canada Trust, which Some couples may choose to merge certain aspects surveyed adults in committed relationships, the top three of their finances, while retaining individual accounts for personal finance products that Canadians combine with additional saving or discretionary spending. Whether a their partner are a joint bank account (64 per cent), a couple decides to combine everything, keep everything mortgage (60 per cent) and a joint credit card (50 per separate, or somewhere in the middle, it’s important that cent), compared to only 36 per cent of couples who have both parties are ultimately working towards the same a joint financial plan. financial goals. “A common first step in combining finances with a The 60s: Likely, many couples in their 60s have a solid partner is a joint account for shared household expenses, financial base, but with fewer peak income earning years and like other aspects of the relationship, communication remaining, it’s important to have a clear picture of what is key to keeping things harmonious,” says Janice Farrell retirement looks like and what it will take, financially, Jones, TD Canada Trust. “It’s important that both parties to get there. have a clear understanding of household finances – from “Spending time with the grandkids will have a much day to day spending to long-term savings and investments – different price tag than travelling the world, so alignment and all aspects of each individuals finances ¬ from everyday on the retirement vision is essential,” says Farrell Jones. banking to credit card management – to set the framework “If there is not enough saved for the type of retirement a for a strong financial future together.” couple wants, they should work with an expert to help TD Canada Trust provides some advice that may determine how much more needs to be saved and ensure help in maintaining financial harmony when integrating each individual financial plan complements the other to finances with a partner at any life stage: maximize savings and investments.” The 20s: Combining finances is often a first for many Whether married or common-law, couples should couples in their 20s, whether it’s renting an apartment also ensure their retirement savings strategy takes together or working to pay down existing student debt. advantage of spousal RSP contributions to help reach When and how to share money will always vary their retirement goals faster while lowering income taxes depending on an individual couple’s financial situation now and in retirement.
from mine and yours to ours, at any age
102 new Condo Guide nov 30 - dec 14, 2013
homebuyers’ help
Condo hunter’s checklist
When shopping for your dream condo, carry this list with you and take notes to help you remember what you saw, and where! condo #1
condo #2
condo #3
condo #4
Project & address:
Project & address:
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2-storey highrise bungalow
detached conversion townhome
2-storey highrise bungalow
detached conversion townhome
2-storey highrise bungalow
detached conversion townhome
2-storey highrise bungalow
detached conversion townhome
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Financing available:
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Other comments:
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nov 30 - dec 14, 2013 new Condo Guide 103
money matters
// By Gail Vaz-Oxlade
Holiday shopping without the hangover Look at your holiday spending as you would any other big-ticket item. While you’re splitting the cost among a variety of expenses, the bottom line is still the same – you’re spending a lot of money in a short period of time. In the best of all worlds, you would have started saving for your holiday spending in January. Yes, you would have made it a budget item and set aside $10, $50, $150 a month so when the season rolled ‘round, you’d be ready. After all, it’s way easier to set aside $100 a month than to come up with $1,200 all at once. This is how I do it, and come August I start keeping my eyes open for “deals” on things I know my friends and family will love. Gail Vaz-Oxlade is the host of Til Debt Do Us Part and author of Debt Free Forever, and she blogs daily at gailvazoxlade.com. Follow Gail on Twitter at Twitter.com/GailVazOxlade
T
he holidays are just around the corner and only the most savvy of us have everything under control. That’s one of the problems with our very busy lives… there’s just no time. But if you want to have a happy holiday that doesn’t leave you holding your aching head when the bills roll in come January, you have to start planning early. The longer you wait, the more you’re prone to give in to stress, make impulse purchases, blow your budget or even buy a lame gift.
if you can’t do that, start here, with THIS “Holiday Spending Plan”:
›› Write down the amount you want to spend in each category of holiday expenses. Gifts are only the beginning – don’t forget to account for travel costs, postage and shipping, decorating, greeting cards, entertainment and photos. ›› List the people you plan to shop for under the gift category, then divide up your budget accordingly. Limit your budget to what you can afford right now and avoid a financial hangover in the new year. If you spend $500 on a credit card at 18 per cent interest, and pay the minimum each month, it will take you seven years – and cost $365 in interest – to pay it off. Consider setting a dollar limit on gifts or drawing names among extended family, roommates or co-workers. ›› Jot down any gift ideas that you might have for the people on your list. Comparison-shop online before heading to the store. (Don’t forget to include shipping costs in your calculations if you decide to buy online.) A dash of planning and a dab of creativity can also help you keep your entertainment costs under control:
›› Invite guests to bring something to share at a potluck dinner. ›› Serve brunch, throw a finger-food party or host a wine and cheese tasting instead of a full-blown turkey dinner. ›› Co-host a party with a pal or sibling, and share the cost. ›› Make sure you set a dollar limit for your soirée. And list the items, ingredients and décor you’ll need and how much each will cost. ›› Remember, that the best gifts don’t have to cost money. If you’re financially challenged this year, offer up your time baby-sitting, cooking meals, house cleaning, massaging, sewing, knitting, transporting, or whatever else you’re good at. Clip a picture of the service you’ll provide and be clear on how often, as in “I’ll baby-sit one weekend a month from February to June.” Or better yet, make your own coupon book. There now, you don’t have to worry about starting the new year with a financial hangover. Happy holidays!
104 new Condo Guide nov 30 - dec 14, 2013
Lobby access to Mimico GO Station The only residential condominium in Toronto directly connected to GO Transit with access to Union Station in just 10 minutes.
Register Now! 647.692.8417 | onthegomimico.com/exclusive
ve. nA gto Islin
Exclusive Broker Milborne Real Estate Inc. Broker Protected. Prices and specifications are subject to change without notice. Illustration is artist concept. E. & O.E.
wy. Exp iner Gard e. s Av Evan
. k Rd l Yor Roya
TM
Located in Coronation Park at the corner of Judson Street and Royal York Road (across from the Mimico GO Station).
Presentation Centre
t. on S Juds
Ra il Li ne
Luxury suites from the mid $200s
Presentation Centre Now Open
G O
First high rise condominium with integrated GeoExchange and Cogeneration technology for big savings on monthly costs.
Mimico GO Station
in the news
BUYERS EMBRACE SCULPTURAL LANDMARK AT 2221 YONGE Flawless form and function come together in Tower Hill’s modernist masterpiece
With architecture by New York-based legacy firm Pei Partnership Architects and Toronto’s own Quadrangle Architects, interiors by Munge Leung, and one of the finest locations in the entire GTA, Tower Hill Developments has scored an instant success with its distinctive 2221 Yonge Condos. Buyer response has been overwhelming to this impeccable combination of value, location, design, amenities and the long-standing reputation of Tower Hill. With its five-sided shape and the clever canting of this 56-storey future landmark, architects have created a condominium unlike any other in the city. Its unique design creates light-filled, airy spaces for relaxation and celebration atop the six-storey podium within some of its lifestyleenhancing amenities, as well as offering residents large balconies that are perfectly integrated into the overall design. Contemporary, beautifully designed amenities include an outstanding residential spa with three plunge pools, sauna, steam rooms and treatment rooms befitting a five-star hotel. A state-of-the-art fitness centre, extensive entertaining facilities including a breathtaking rooftop terrace with stunning city views, cabanas, barbecues and private dining areas expand residents’ square footage into the thousands. Complementary to the contemporary lifestyle it offers within, 2221 Yonge brings residents into the heart of the shops, dining and cultural venues, as well as acres of greenspace, that have long made Yonge and Eglinton such a highly regarded neighbourhood in a city that prides itself on great neighbourhoods.
Tower Hill Developments has been building distinguished communities in Toronto’s best locations for three generations and more than seven decades. One-, two- and three-bedroom suites start at just $199,990. Ask about the grand opening and exciting time-limited incentives. Visit the gorgeous presentation gallery at 2221 Yonge St. at Eglinton to find out more about what sets 2221 Yonge apart. Hours are Monday to Friday, 11:30 a.m. to 6:30 p.m.; and weekends from 11 a.m. to 5 p.m. Visit online at 2221yonge.com or call 647.350.2221. 106 new Condo Guide nov 30 - dec 14, 2013
L I M I T E D T I M E O N LY
UP TO $5,000 CASH BACK • FREE PARKING AND LOCKER STORAGE 5% DEPOSIT • GRANITE COUNTERTOPS + LAMINATE FLOORING Ontario Home Builders’ Association Award Winner
THE MOST OUTSTANDING MID-RISE BUILDING IN 2012 Designed to be a hallmark building featuring timeless elements of traditional architecture combined with modern sensibilities of design and function, this exclusive community will be located just steps from Lake Ontario’s waterfront in the vibrant community of Long Branch. With easy access to public transit and several major highways, Watermark promises to be the perfect place to call home. N
Long Branch
Thirty Fifth St.
S TA R T I N G F R O M Lake Shore Blvd. W.
Kipling Ave.
Brown’s Line
1 Bedroom • 1 Bedroom + Den • 2 Bedroom • 2 Bedroom + Den – from 649 sq.ft. to 1,225 sq.ft.
$306,900
MOVE IN SPRING 2014
P R E S E N TAT I O N C E N T R E 3609 Lake Shore Blvd. W., Suite 104, Toronto, ON Monday to Thursday 1:00pm to 7:00pm Saturday, Sunday and Holidays 12:00pm to 5:00pm queenscorp.com
|
416.354.2221
Long Branch
Thirty Fifth St.
Kipling Ave.
Brown’s Line
N
Lake Shore Blvd. W.
All prices & specifications are subject to change without notice. E.&O.E. All Illustrations are artist’s concept only. Brokers Protected - some conditions apply.
Style file
A holiday home
Lydia McNutt chats with interior designer Heather Segreti on decorating with festive flair It’s easy get into the festive spirit, especially when the
stores begin setting up their winter wonderland window displays the day after Halloween. The holiday season seems to come sooner and sooner every year, and let’s face it – by the time the holidays actually roll around, things can get out of hand. Interior designer Heather Segreti offers some tips to welcome the festive season in style. “People run into problems when they continually purchase new decorative items each year, and then end up with a home full of goods – none of which work together,” Heather says. “So, a plan is your best friend.” 108 new Condo Guide nov 30 - dec 14, 2013
‘ Twas the night before Christmas, your home is aglow, with lighted white candles and sweet mistletoe. The garlands are decked out with small silver bows, dressed to impress, thanks to tips from this pro...
1. Heather’s tips for a Holiday Home: » Examine the style of your space, and follow that direction with your decorations. Is it traditional, contemporary or something in between? » Choose your colour scheme. For a cohesive aesthetic, look to your everyday décor to inspire your holiday palette. For example, if you have brass hardware, then gold ornaments may work for you. If you’re a brushed nickel or chrome kind of person, then silver will probably catch your eye. Starting with a colour palette will keep you on track when you are out shopping. You will stick to your colours – if you have opted to go gold, you will pass on the silver garland, even though it is on sale. »L ess is more. The festive items you choose should blend in with your existing décor without looking out of place or cluttered. This may mean relocating some of your everyday accessories, or putting them away over the festive season to make way for the wonderfully themed decorative items you’d like to put on display. 2. The gift of great style: »G lass vases filled with silver and white ornaments can replace your year-round dining room centrepiece. » Silver candlesticks tucked among sprigs of aromatic cedar can replace your usual year-round mantel décor. » “Real” cedar and pine decorative garland to line the mantel or dining table is always a classic choice and looks good in any style space. I am a fan of the real thing when it comes to greenery, however there are many good replicas on the market that will last through many holiday seasons. 3. hot mantel décor: Fireplaces are so much fun to decorate during the holidays. This is where you can create a real focal point. First, clear out the existing mantel décor so you have a clean slate to work with. Start with some fresh greenery in keeping with the holiday spirit – cedar or pine work well. If you can add lights which plug in discretely, then go ahead. If not, opt for the batteryoperated light strings to eliminate unsightly power cords. Next, take some decorative ribbon that matches your colour scheme and wind it loosely through the garland. Add candles, pinecones and glass ornaments to finish off the look. The mantle is the place to display your fragile or sentimental ornaments – especially if you have children or pets. It’s out of the way, yet the centre of attention. Replace the artwork you have hanging above the mantel with a star-burst mirror or a festive wreath. Remember to stick to your theme, and coordinate the mantel with the other pieces of holiday décor that is on display. The hearth is another place that will require some attention. Consider creating a landscape of tall standing figures, such as snowmen or a wonderful wooden Nutcracker. Just remember not to clutter things up too much. The key is to remove your year-round décor and replace it with your favorite festive pieces. Less really is more. heather segreti Founder and president of Toronto-based Segreti Design, Interior Designer Heather Segreti is a member of ARIDO and IDC, with more than 22 years of experience. segretidesign.com nov 30 - dec 14, 2013 new Condo Guide 109
condo watch
previews & registrations SkyCity2 by Pemberton Group
Phase 1 is under construction at Yonge and Hwy. 7. Register now for Phase 2. Web: SkyCityCondos.com
Marquee Townhomes at Pinnacle Uptown by Pinnacle International
Limited collection of 100 townhomes coming soon to Hurontario and Eglinton. Register now. Web: PinnacleUptown.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 Lydia.McNutt@wall2wallmedia.com
Legacy Park by Liberty Development
Now selling, the grand finale at Thornhill City Centre – iconic architecture, urban suite designs and fabulous park views. Web: LegacyParkCondos.com
Daniels Erin Mills by The Daniels Corp.
New landmark community coming soon to Erin Mills and Eglinton. Register to stay informed. Web: DanielsErinMills.com
Centro Square by Liberty Development
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 park-side condominium in Brampton. Web: TheClairingtonCondos.com
Courtyards of Maple by Marino/Intercity/TriAxis
HOT Condominiums by Great Gulf
Phase 3 now available, offering boutiquestyle living in Erin Mills. Web: HotCondominiums.com
The Mark by Empire Communities
Now open at Markham Road and Bur Oak. Remarkable residences. Remarkable Markham. Web: TheMarkCondos.ca
Allegra by Nova Trimax
European-inspired condos coming soon to Maple. Register now to stay informed. Web: CourtyardsOfMaple.com
Affordable luxury, steps from the Village of Woodbridge. Construction now underway on Phase 1. Web: AllegraCondos.com
Fairground Lofts by Wycliffe Homes
Garden Court Condos by Monarch
Park City Condominiums By Tobyn Park Homes
PSV2 & Parkside Village Townhomes by Amacon Developments
Rain Condominiums by Empire Communities
Upper Village Markham by Greenpark
Urban lofts are coming to Woodbridge Village. Register now for preview. Web: FairgroundLofts.ca
Currently in pre-construction at Walkers Line and Upper Middle Road in Burlington. Register now. Web: ParkCityLiving.ca
New suite release at Rain Condominiums in Oakville. Register now. Web: RainCondos.com
110 new Condo Guide nov 30 - dec 14, 2013
new releases & grand openings
Now open in Markham. Visit the Experience Centre at 10350 Woodbine Ave. Web: MonarchGroup.net
Offering the convenience of downtown living with the tranquility of a suburban context. Now open. Web: LifeAtParkside.com
North Tower now selling at UV2 in Markham. South Tower is sold and occupied Web: uv2.ca
GTA Edition November 30 - December 14, 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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905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North
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* Due to scale restrictions, locators are approximate. Please see builder’s ads for exact locations.
Bolton
W al
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Sid er
2
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25 th
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Builder
Site
2
Great Gulf Homes
Twenty Lombard
416-499-8883
•
18
16K
7
Great Gulf Homes
HOT
905-828-4257
•
from $274,000
17
16M
Rain Condominiums
905-845-7246
•
from $200,000
7
17Q
45 Empire Communities
Telephone
TH* C*
Price Range
Page
Finder
3
Castleridge Homes
Clairington
905-793-0002
•
from $200,000
16E
4
Conservatory Group
Mirage
905-232-2400
•
from $270,000
20K
5
AMACON
PSV2
905-273-9333
•
18M
8
Fernbrook Homes
Absolute World
416-869-6057
•
from $188,000
21k
8
Cityzen
Absolute World
416-869-6057
from $188,000
21K
10 AMACON
The Residences at Parkside Village
905-273-9333
•
from $250,000
21K
12 Alterra Homes
Renaissance in Olde Brampton
416-710-1010
•
from $295,000
13d
14 Pemberton Group
Rosedale Village Golf & Country Club
905-799-5000
•
from $346,000
12e
16 Vandyk Communities
Windows on the Green
905-822-3333
from $300,000
17M
17 Pemberton Group
Downtown Erin Mills Condominiums
905-630-6300
•
from $320,000
6C
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 2
905-276-3981
•
from $250,000
20L
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 $255,000
19K
35 Ashley Oaks Group
Emporium at Joshua Creek
905-618-0660
•
from $200,000
17P
38 Tridel Corporation
Metrogate - Ventus 2
416-293-5535
•
•
from $302,000
19J
38 Tridel Corporation
Ventus at Metrogate
416-293-5535
•
•
from $344,000
19J
46 Mattamy Homes
The Mount Pleasant Village
mattamyhomes.com
•
from $200,000
20M
47 The Daniels Corporation
Daniels Erin Mills
905-306-6996
•
from $200,000
17M
*TH: Townhomes, C: Condo
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
905 regionalmaps: Burlington, Brampton, Mississauga, Oakville, Further West, Further North
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Hwy. 27
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Key Maps To wn of O sh awa
Town of Markham
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Site
Hwy. 48 le Dr
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Main St S
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Bullock Dr Hwy 7
407
404
Major Mackenzie
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McCowan Rd
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Kennedy Rd
Warden Av e
St
18 Ave
16 Ave Carlton Rd
Ave
Builder
Woodbin e
905regionalmaps: Maple, Thornhill, Richmond Hill, Vaughan, Markham, Ajax, Whitby, Oshawa
Leslie St
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114
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8
Cachet Pkwy
404
John
Steeles Ave E
Steeles Ave W
Elgin Mills Rd
Leslie St
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Clark Ave W
16th Ave.
32
Thornhill Henderson Av
Centre St
40
24 1 13
Yonge St
407
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Langstaff Rd
404
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Strathea
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Bayview Ave
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50
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25
401
19 Ave
Major MacKenzie
Richmond Hill
Rutherford Rd
400
Elgin Mills Rd Neal Dr
20
St
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29
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25
Regent St Mill St
Maple
19th Ave.
Yorkland
Huntingto
11
Major Mackenzie
401
Gamble Rd
Bathurst St
d
Dufferin St
y Cr
Teston Rd
Nashville Rd
400
Jefferson Sideroad
Keele St
Kirby Rd
Jane St
Rd
Pine Valle
c
24
401
Weston Rd
Cold Cree k
12 Line Rd
King-Vaughan Rd
To wn of Ajax
City of Pickerin g
Yonge St
King Rd
23
To wn of W hitby
Bloomington Sideroad
b
21 22
Denison St
Price Range
Page
Finder
13 Liberty Development Corp.
Legacy Park
905-731-8302
•
from $280,000
37
10g
31 Pemberton Group
Sky City
905-709-5700
•
from $320,000
9
12F
32 Liberty Development Corp.
Royal Gardens
905-889-9997
•
from $240,000
35
14f
43 Guizzetti Developments
Grand Palace
905-907-4370
•
from $295,000
119
12E
44 Liberty Development Corp.
Centro Square Condos 2
905-851-8877
•
36
4G
46 Empire Communities
The Mark
905-554-5015
•
6
21E
1
Monarch Corporation
Garden Court
416-495-3595
•
16D
2
Flato Development
Arthouse
905-554-8722
4
Tridel Corporation
Renaissance of Richmond Hill
416-736-9500
7
MintoUrban Communities Inc.
WaterGarden
416-915-3800
10 Great Lands Corp.
The Beverly Hills Resort Residences
905-882-6636
11 Triaxis Development Inc/Marino Developments
Courtyards of Maple
416-798-7070
12 Greenpark Homes
UV2
13 Liberty Development Corp.
Legacy Park
14 Remington Group
The Signature Condominium
20 Solmar Development Corp 22 Quadra Mgt. & Sceptre Devs.
from $250,000
from $200,000
22E
•
from $740,000
12G
•
from $254,000
11G
from $250,000
13F
•
from $390,000
8E
905-554-6501
•
from $253,000
22F
905-731-8302
•
from $280,000
10g
905-948-9900
•
from $250,000
18F
Bellaria Residences
905-417-8482
•
from $240,000
7e
Renaissance Court at Woodbridge Gates
905-851-4220
•
from $505,000
3G
22 Wycliffe Homes
Fairground Lofts
905-605-5900
•
from $340,000
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 $200,000
22C
31 Pemberton Group
Miracle at Yonge
905-709-5700
•
from $280,000
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
40 Nova Trimax
Allegra
905-850-6866
•
from $250,000
1F
41 Quadcam Development Group Inc
Vista Parc Condominiums
905-850-8883
•
from $260,000
3F
45 Kylemore Communities
The 6th Angus Glen
905-887-9950
•
19E
*TH: Townhomes, C: Condo
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
NO
W
ON
SA
LE
!
MOVE IN SUMMER 2014
PRESENTATION CENTRE LOCATED AT 5044 HURONTARIO STREET (AT EGLINTON), MISSISSAUGA (905) 568.9000 | MONDAY - THURSDAY: 1 - 7PM FRIDAY - SUNDAY & HOLIDAYS 12 - 6PM
NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 115
quick tips
// by hellen buttigieg
Overjoyed, not overwhelmed
Holidays without hassle
T
he holidays are a wonderful opportunity to see old friends, enjoy time with family, celebrate the events of the year past and dream about the year approaching. But it’s also hectic – with shopping, wrapping, travelling, entertaining and cleaning up after it all. The worst thing that can happen is to wish it all away, thinking you’ll be happy when it’s all over. It’s a lot of work, but the little things that help keep you organized – and sane – will put the pleasure and joy back in this time of year. Quick tips on organizing your home
›› Create a gift-wrapping zone. Save time and make wrapping presents a pleasure 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
Save steps and precious time by storing things close to where you use them.
116 new Condo Guide nov 30 - dec 14, 2013
by transforming a spare room (or part of a room) into a gift-wrapping centre for the holidays. Set up a table or use a rolling cart to put out your supplies (gift wrap, scissors, tape, pen, cards, bows) and keep everything you need in one place. Create the right atmosphere by adding some festive music, a scented candle and a cup of hot chocolate to get you into the holiday spirit. ›› Store items near their point of use. Save steps and precious time by storing things close to where you use them. For example, save yourself a trip up the stairs to the linen closet by keeping your tablecloths in a drawer, cupboard or chest in the dining room. It makes entertaining a breeze! ›› Repurpose your gift-wrap tubes. Use your empty gift-wrap tubes to store mini-lights. Put a slit in each side of the tube. Insert the plug at one end and wrap the cord all the way around the tube, tucking the bottom of the light strand in the slit at the other end. Store the tubes in a garment bag hanging from a hook on the wall, or the ceiling in the basement or garage. ›› Run errands efficiently. Keep a collapsible crate in the trunk of your car for easily transporting items to a dinner party or for things to return like library books or store-bought items you want to take back. It folds out of the way quickly when not in use.
Create a gift-wrapping zone. Save time and make wrapping presents a pleasure by transforming a spare room (or part of a room) into a gift-wrapping centre for the holidays. ›› Get unplugged to create more time over the holidays. Do you feel like
there’s so much to do and so little time? Challenge yourself to unplug the TV for one full week and notice how much more you can do in all the free time you’ll have.
›› Let go of the excess – you don’t have to keep decorations forever! When you
are unpacking your holiday decorations, consider letting go of the items you no longer enjoy looking at. Our tastes change and styles come and go. There’s no rule that says you have to keep every decoration forever – especially that tacky plastic flower arrangement your ex-mother-in-law gave you 20 years ago! Give some away to charity, or if you have family or friends who have recently moved into their own place, ask if they’d like to have them until they accumulate their own collection. ›› Gift certificate? What gift certificate? Gift certificates are easy to give and great to receive, but are often lost and forgotten until they expire. Keep your gift certificates in an envelope in your purse or your car and put a reminder on your calendar one week before the expiry date so you can use and enjoy them. ›› Return items in a timely fashion to save money and space. Whether it is
buyer’s remorse or dissatisfaction with an item after we’ve brought it home, we all have things to return to the stores at
some point – especially after the holidays. A problem arises when these “to be returned” items accumulate in every part of our home and we forget we have them. Most store return policies allow only seven to 14 days for a full refund. To recoup money and reclaim space, designate a small area (preferably near the exit you use most) to place things that are on their way out. A box or basket may be helpful if you have several items. Tape the receipts to the purchases and schedule a time in your planner to take them back before it is too late. ›› Pay yourself first. Block time now to give yourself a break later. Choose a day (or at least half a day) during the holidays to do what’s fun for you. You can spend it skating, relaxing at the spa, or taking in a movie. The important thing is that you feel renewed and refreshed because you gave the gift of pleasure and relaxation to yourself. Quick tips on organizing your home office
›› Send greetings without grief. Do you love sending
holiday greetings but don’t enjoy wasting time addressing the envelopes? Easily create address labels on your computer for your cards using MS Word. For a special touch, use a font that resembles handwriting (such as Lucinda Calligraphy). Save the document and you can pull it up every year, make any changes and print it on adhesive mailing label sheets. Better yet, send electronic greetings and you’ll reduce clutter while saving time, money and the environment. Quick tips on organizing your life
›› Avoid holiday overload. Limit social engagements
to only those you truly want to attend. Book some downtime between social events so you don’t feel overextended. Schedule only 75 per cent of your day to allow for traffic delays, long line-ups and other unexpected occurrences. nov 30 - dec 14, 2013 new Condo Guide 117
in the news
make holiday wishes come true The holiday season is starting
– get in the spirit! As you plan your holidays with friends and family, arranging the parties and festivities, take a moment to count your blessings: Health. Home. Happiness. Now take just a moment to consider those that have fewer blessings to count. Maybe you have some to spare? Peel Children’s Aid Foundation (PCAF) would like you to consider sharing those blessings with less fortunate families in your community as their annual Holiday Wishes drive gets underway. The organization makes holiday wishes come true for 500 families (selected by PCAF social workers based on proven need) that otherwise wouldn’t be able to provide their family any sort of holiday – no presents, no festivities, no big family meal. Through Holiday Wishes, PCAF ensures each child up to 12 will receive some great gifts, and children between 13 to 16 will receive $50 gift cards (because teens are so hard to shop for these days!). They also ensure each family gets enough grocery gift cards to cover a delicious holiday meal. This allows each family to shop for the food that suits their own personal family traditions and accommodates any food/dietary restrictions members of their family may have. “That’s what we want to give to families involved with the agency,” says Executive Director Catherine Hinton, “to make that day special.” She describes those memories from childhood days – eager anticipation, plenty of food, playing with the cousins, holiday happiness that creates lifelong memories. Holiday Wishes helps make these memories for families whose finances can’t possibly make it happen. The program is 100 per cent funded by the community – there is no government funding for Holiday Wishes, so the generosity of the community is very important. If you’d like to get involved, there are four ways to give: 118 new Condo Guide nov 30 - dec 14, 2013
Donate money The cheques and cash Holiday Wishes receives will be used to purchase gift cards. Donate toys, clothes and necessities New, unwrapped toys and children’s clothing (not used – as gently used as it may be, Santa and his elves only bring new toys and gifts) and personal hygiene items and toiletries, from soap and bath products to toothbrushes and shampoo. Sponsor a family you will be given names, ages and wish lists so that you can provide for their specific needs. An individual, group or company can sponsor this way. An Angel Tree –A group such as a business might even want to organize an Angel Tree – the tree is trimmed with Wish tags, which will have a child’s name and their specific wish item. You can choose by person, item or price range and donate with your community. It’s interesting to note, as Hinton explains, families in need are often there because of unexpected circumstances – the loss of a job, illness, mental health issues, addiction – many with circumstances beyond their control. A death or divorce may leave a single parent with more obligations than finances. It’s a time when those blessings you can count would be counted as miracles by other. This holiday season is a perfect time to share some of that joy around to others. The Holiday Wishes drive runs until Dec. 20 – leaving only a couple of days for PCAF to shop, organize and deliver the Holiday Wishes in time. Visit peelkidsfoundation.com or call 905.363.6131 ext. 1163 to find out how to get involved and help, and have a happy holiday!
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homebuyers’ help
condo buyers’
resource section
You love the condo, see what you can afford! Compare mortgage rates for your best deal Calculate your mortgage payments using the mortgage payment calculation chart
nov 30 - dec 14, 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 nov 30 - dec 14, 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 nov 30 - dec 14, 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 2.7 6.30op
2.94 6.30op
2.89 3.19 3.59 6.50op
3.79
Alterna Svgs/Alterna Bk 3
4 6.30op
3.09 3.14 3.19 3.59 6.30op
3.69
Bank of Montreal 3
4 6.30op
3.14 3.14 3.95 4.74 6.30op
3.79
Bank of Nova Scotia 2.7
4.55 6.45op
3.75 3.89 2.89 4.39 6.50op
3.59
Canadian Western Bank
4 6.45op
3.14 3.14 3.95 4.74 6.30op
5.34
CIBC 3 6.70op
3.09 3.14 3.19 3.59 6.35op
3.89
HSBC Bank Canada 3
2.7 3.95 3.13 4.99 6.35op
3.69
3.05
3.15
3.65
3.64
3.69
3.89
3
3.19
3.24
3.59
3.69
4.09
Manulife Bank 2.8 4.45
3 3.2 3.35 3.45 4.00op
3.74
MonCana Bank
3.69
3.79
3.69
National Bank n/a
3.14 3.14 3.95 4.74 6.70op
5.34
ICICI Bank Canada ING Direct
President’s Choice Finan
4.45 6.20op
4.4 6.70op
3
Royal Bank 3
4 6.30op
TD Canada Trust 3
3.75
3.24
3.79
3.69
4.09
3.14 3.14 3.85 3.49 6.30op
3.59
3.79
3.09 6.30op
3.14
3.95
4.74
3.79
3.25
3.95
4.74
TRUST COMPANIES 6.5
3.14
Effort Trust n/a
Community Trust
n/a
4.45 6.30op
3.25 3.6 3.95 4.7 6.30op
4.95
Home Trust Company
2.65
2.89
3.95
2.89
3.39
3.64
Investors Group Trust n/a
4.2 6.50op
3.14 3.14 3.95 4.74 6.30op
5.34
MTCC 2.7
4.55 6.45op
3.75 6.50op
4.39
3.59
Airline Financial C.U. 4
3.01 3.1 3.33 3.65 6.25op
3.99
Comtech Credit Union 2.95
6.2 6.40op
2.99 3.25 3.29 3.24 6.30op
3.59
First National Fin. LP
3.95
2.99
3.89
3.09
5.34
2.89
OTHER FINANCIAL INSTITUTIONS
3.39
3.59
FirstOntario C.U. 2.7 6.34op
3.09 3.14 3.44 3.49 6.34op
3.69
London Life n/a
3.14 3.14 3.95 4.74 6.30op
5.34
Luminus Financial 2.95
3.05 3.95
3.65
4.05
MCAP 2.85
3.6 3.95 4.35 4.89 7.00op
5.14
Meridian Credit Union 2.75 4
3.09 3.14 3.65 3.49 6.30op
3.59
Parama Credit Union
2.85
2.9
2.69
3.2
3.45
3.55
Steinbach Credit Union
2.5
2.5
2.7
2.9
3.05
3.25
4.2 6.50op
2.79
3.1
3.09
3.55
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 Nov. 18, 2013. Prepared By Fiscal Agents Financial Information Services 905.844.7700
nov 30 - dec 14, 2013 new Condo Guide 125
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30-31
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127
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128
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120
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NOV 30 - DEC 14, 2013 NEW CONDO GUIDE 127
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TTC SUBWAY
SITE ST. CLAIR
416.484.1900 myccondo.com Townhomes from the mid $500’s Tower Suites from the mid $300’s BrokerS ProteCted. PrICeS and SPeCIfICatIonS are SuBjeCt to Change WIthout notICe. IlluStratIonS are artISt ConCePt. e.&o.e.
128 NEW CONDO GUIDE NOV 30 - DEC 14, 2013
CRESFORD. LOCATION. DESIGN. DETAIL. INSPIRATION. FASHION. STYLE. TRUST. From coveted locations to Fashion-Forward design
Coming Soon yorkville From the mid $200’s 416.486.casa (2272)
Under Construction yorkville From the high $200’s Penthouses Coming Soon 416.486.casa (2272)
1THOUSAND BAY CONDOMINIUMS ON THE PARK
Under Construction bay & bloor From the high $300’s 416.485.3000
Under Construction yonge & merton urban townhomes From the mid $500’s tower suites From the mid $300’s 416.484.1900
to sophisticated amenities, cresFord developments deFines the essence oF luxury condominium living. the First residential developer in canada to dress up their condominiums with international Fashion labels, cresFord is known For superb quality and attention to detail. a trusted name in the market For over 30 years, a cresFord condo inspires conFidence and security.
VISIT OUR PRESENTATION CENTRE AT 170 MERTON ST.
Move in Now windermere by the lake From the mid $300’s 416.977.5300
cresford.com
brokers protected. prices and speciFications are subject to change without notice. illustrations are artist concept. e.&o.e.
Move in Now king west From the high $500’s 416.867.3999
NEW RELEASE
1D+D STARTING FROM $378,000* SUITES FROM $285,000*
PRESENTATION CENTRE
2611 YONGE STREET AT SHELDRAKE BLVD. North of Eglinton CONTACT US
PHONE 416.480.0700 WEB TRIDEL.COM 101erskine@tridel.com
A Tridel Built Green. Built for Life.® community.
A midtown modernist sensibility. Make it your own.
Illustrations are artist’s concept only. 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. November 2013.
Discover the 1D+D suite at 101 Erskine. The 1D+D is a smartly designed one bedroom plus den. This bright, open concept suite offers distinctly modern styling and designer appointed features and finishes. A custom linear kitchen flows into the living room with walk-out to an oversized balcony.
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tridel.com *Prices and specifications are subject to change without notice. All dimensions are approximate and subject to normal construction variances. Sizes and specifications subject to change without notice.
TH 18
ANTER
3 BEDROOMS WITH THIRD FLOOR TERRACE PATIO
PLANTER
10'- 0"
9'- 9"
10'- 0" TERRACE
BEDROOM 3 DINING
TERRACE
BEDROOM 3
PATIO
10'- 6"
10'- 6" MECH.
MECH. 16'- 0"
16'- 0" DN
11'- 0"
STORAGE 9'- 9"
W/DSTORAGE DN W/D
DN 10'- 0"
10'- 3"
DN 10'- 3"
TERRACE
L
BEDROOM 3
L
DINING
10'- 6"
MASTER
14'- 0"
MECH.BEDROOM
D W
P
11'- 0"
F
15'- 6"
9"
STORAGE UP
UP
UP
EP
1
L
10'- 9"
MASTER BEDROOM
D W
WIC BEDROOM 2
VING
15'- 6"
WIC
BEDROOM 2 UP
UP
14'- 0" 11'- 9"
10'- 9"
14'- 0"
EP
11'- 9"
Third Floor LIVING
WIC
BEDROOM 2
ANTER
Second Floor UP
16'- 0"
DN
W/D
EP
MASTER BEDROOM
14'- 0"
UP
11'- 9"
PLANTER
UP
Ground Floor
PRESENTATION CENTRE HOURS: Monday to Thursday 11 am – 7 pm, Friday Closed, Saturday, Sunday & Holidays 12 pm – 6 pm
A Tridel Built Green. Built for Life.® community. *Price, sizes and specifications are subject to change without notice. Illustrations are artist’s concept only. Building and view not to scale. All dimensions are approximate and subject to normal construction variances. Dimensions may exceed the useable floor area. Furniture is displayed for illustration purposes only and does not necessarily reflect the electrical plan for the suite. Suites are sold unfurnished. 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. November 2013.
tridel.com
PLANTER
PLANTE
PATIO
9'- 9"
DINING 14'- 0"
14'- 0"
11'F 0"
F
D W
NEW RELEASE
D
UP
15'- 6"
LUXURY TOWNHOMES FROM $562,000*
10'- 9"
Parking Included
LIVING
LIVING
PLANTER
PLANTE
PRESENTATION CENTRE
865 YORK MILLS ROAD
UNIT ELEVATION UNIT ELEVATION
At Don Mills & York Mills CONTACT US
LEVEL 2
PHONE 416.663.1818 WEB TRIDEL.COM
TYPE B
TOWNHOUSETYPE B
LEVEL 2
TOWNHOUSE
TH18A TH18B TH18C TH18D TH18E TH18A TH18B TH18C TH18D TH18E
argento@tridel.com
KEY PLAN KEY PLAN
TYPE B
TOWNHOUSE
Only Nine Luxury Townhomes Available In The Heart Of Don Mills & York Mills. TH18A TH18B TH18C TH18D TH18E
Perched high on a hill above the Don Ravine, the Argento Townhomes are nestled in the idyllic Don Mills neighbourhood. These beautifully designed towns combine all the modern amenities of city living with the tranquil luxury of a natural setting. Each townhome features levels of 9' ceilings, large private KEYthree PLAN landscaped patios and 3rd floor terraces off the master bedroom.