GTA New Home Guide - Jun 14, 2014 by NextHome

June 14 - 28, 2014 Volume 22 Issue 12

NOW OPEN IN ETOBICOKE.

menkes.com

inside this issue

WHY MORTGAGE RATES VARY BETWEEN LENDERS

MANAGING YOUR NEW HOME WARRANTY

ESTIMATING YOUR HOME INSURANCE PREMIUMS

ASPIRE TO A NEW ERA OF DESIGN IN NEWMARKET.

aspenridgehomes.com

Now oPEN 8 Communities and 9 models from 3 of Torontoâ&#x20AC;&#x2122;s leading interior designers. BramPtoN Credit Manor Heights Presentation Centre & Model Home 905.216.5155

BramPtoN MAYFIELD VILLAGE Presentation Centre 905.230.2592

markham Upper Cornell Presentation Centre & Model Home 905.554.3446

richmoNd hill Kettle Lakes Club Presentation Centre & 2 Model Homes 289.234.1064

NEwmarkEt WOODLAND HILLS Presentation Centre 416.270.9484

NoBlEtoN King Country Estates Presentation Centre & 2 Model Homes 905.558.0255

klEiNBurg Kleinburg Hills Presentation Centre & 2 Model Homes 905.552.0678

kiNg city King Oaks Presentation Centre & Model Home 905.539.0181

morE iNFo at aspenridgehomes.com

comiNg SooN VaughaN UPPER WEST SIDE rEgiStEr Now at aspenridgehomes.com

contents

JUNE 14 - JULY 28, 2014 || VOLUME 22 ISSUE 12

ON THE COVER Note: Cover CheCklist x-Date changed x-colour changed x-coverline placed

p. 32

community focus features 20 Brampton

June 14 - 28, 2014 Volume 22 Issue 12

x-logo(s) placed x-callouts placed -rich blacks applied

Treasure Hill Homes

presents the exclusive Tiara Estate Collection in Brampton

NOW OPEN IN ETOBICOKE.

24 Markham

MENKES DEVELOPMENTS

Fieldgate Homes

Discover Unionville’s finest family community

Now open: Humber Mews townhomes in Etobicoke

40 Toronto

Arista Homes

Loads of luxury in semis and singles at Goddard on the Valley

menkes.com

inside this issue

WHY MORTGAGE RATES VARY BETWEEN LENDERS

MEN 24008 GTA New Homes Gatefold Cover June 2014.indd 2 001 NHGTA-Cover-06-14-2014-TL.indd 1

MANAGING YOUR NEW HOME WARRANTY

ESTIMATING YOUR HOME INSURANCE PREMIUMS 14-06-06 5:13 PM 09/06/14 15:50:19

44 Multi-Site

Brookfield Residential

Summer savings with Brookfield – move in this year and save big

20 regular and special features

IN EVERY ISSUE

4 Editor’s Note 10 Contributors 110 Hot Dates 118 Ad Index

Home Sweet Home

Canada’s housing un-affordability by Lydia McNutt

Designer Advice

In between seasons, in between spaces by Yanic Simard

102 Make Your Move

Preparing for the busiest moving day of the year by Stewart Smith

COLUMNISTS

14 28 36

BILD

Report

Builders play a key role in public art by Bryan Tuckey

Fundamentally Speaking

Learning about mortgages is time well spent by Wayne Karl

Tarion Report

MyHome: the simplest way to manage your warranty by Howard Bogach

38 42 52

Taxing Issues

HOMEBUYERS’ HELP

Insurance Needs & Options

How to estimate your home insurance premiums Four things Canadians would rather do that think about insurance

Insurance Needs & Options

Do you need mortgage loan insurance?

111 Resource Section

Mortgage Calculator and Rate Table

115 GTA Hot Sheet

Two pages of new openings, new releases and preview registrations

Building equity

by Henry Choo Chong

Mortgage Advice

Why mortgage rates vary from lender to lender

IN THE NEWS

Development Charges

Legally Speaking

Arista, Fieldgate, Paradise, Opus Homes

by Jayson Schwarz

by Alyssa Richard

Considerations for buying foreign property

58 The Tax Man

TFSAs – take care with recontributions by George Dube

Edilcan freezes Development Charges at 2013 levels Now open: Aurora Trails in Aurora

Housing Market

Canadians still optimistic about housing market: BMO

Friday Harbour

Sales centre now open in Vaughan for resort in Lake Simcoe

//EDITOR’S NOTE

Get it in writing and have your lawyer review your agreement

SUSAN LEGGE

EDITOR-IN-CHIEF Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook. Search: New Home Guide

uying a brand-new home offers you an opportunity to customize it to your liking. It can be a dream come true and an investment for the future – but don’t forget, it’s also legal transaction. The term “get it in writing” has never been more important in the case of the new-home purchase, since such a document outlines everything your home will have in it, on it and around it. Otherwise known as the Agreement of Purchase and Sale, the contract spells out the terms and conditions between you and your builder. Without it, if there is a misunderstanding or disagreement, it’s impossible to prove what was agreed upon. Since building a home is much more complicated than a resale transaction where the unit and/or property likely already exists, there is

no set Agreement of Purchase and Sale or standard contract for buying a new home. In some provinces, builders may have standard contracts prepared by the local home builders’ association or their new-home warranty program. Builders often prepare their own agreements, so contracts can vary from one builder/ developer to another and from province to province. Before you sign a contract, review it carefully with the builder and ask questions to make sure you fully understand what it contains. Your next step is to then take it to a real estate lawyer and have it reviewed. Once it is signed, it becomes a legal document and an agreed-upon contract, so seeking the services of an experienced real estate lawyer is an important step toward ensuring that your dream home becomes a reality.

How is your builder handling DCs Home builders getting creative to give buyers a break on rising Development Charges

WAYNE KARL

EDITOR Wall2Wall Media Wayne.Karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl Like us on Facebook. Search: New Home Guide

4 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

e and other industry sources in New Home Guide have been writing more and more recently about Development Charges, trying to bring attention to this increasingly important topic – and what you might be able to do about it. DCs are the fees applied by various levels of government when homes are built, to pay for new roads, transit and other infrastructure. Now, we’re happy to report, home builders are getting creative, looking for ways to give buyers a break on rising new home costs. Edilcan Development Corp., a Toronto builder, found a way to freeze DCs at 2013 levels at one its projects – a master-planned community in Etobicoke

that involves townhomes and three condominium towers (see story page 54). We don’t expect that all home builders will be able to find similarly innovative solutions, but the initiative is a shining example of what can be done – while home builder associations across the country lobby government on behalf of new-home buyers. Given that these rising fees are almost always transferred right on to you, the new-home buyer – along with your associated mortgage costs – such creative efforts should be applauded. As you’re out there scouting about for your new home, ask your builder how it is handling DCs, and if there are any opportunities to save.

JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 5

Your Life Storey always comes first. 2013 Tarion Award of Excellence Finalist For the last sixty years, Menkes has been a central chapter in the Life Storeys of so many. Menkes has always focused on building homes in the cityâ&#x20AC;&#x2122;s most desirable and accessible locations. Discover elegant family homes in communities across the Greater Toronto Area that exude this companyâ&#x20AC;&#x2122;s trademark character, charm and lasting value. Come home to Menkes today, where your Life Storey always begins and ends with total customer satisfaction.

Facebook.com/MenkesLife 6

Prices and specifications are subject to change. E.&O.E. May 2014.

@MenkesLife

NOW OPEN

NEW RELEASE

Burnhamthorpe Rd. & West Mall Etobicoke Starting from the high $300’s 416.259.2525

Brown’s Line & Evans Ave. Etobicoke Starting from the $480’s 416.259.2525

Guelph St. & MacFarlane Dr. Georgetown Starting from the low $400’s 289.891.9103

UNDER CONSTRUCTION

90 DAY CLOSINGS

NEW RELEASE

Bathurst St. & Finch Ave. North York Starting from the low $300’s 416.730.1600

Salem Rd. North & Williamson Dr. East Ajax Starting from the low $500’s 905.428.0500

Dundas St. West & Bronte Rd. Oakville Starting from the low $400’s 905.825.3619

menkes.com menkes.com

Indigo Model Home In Wildflowers, Kitchener

Your New Home Is Right Where You Want It To Be. Youâ&#x20AC;&#x2122;ll find Mattamy Homes in all the right places across southern Ontario. Whether you are looking for a Townhome or a Detached Home, youâ&#x20AC;&#x2122;ll find it in one of our neighbourhoods. We have a variety of styles in communities rich with planned features that make living enjoyable.

Presentation Centre Hours: Monday - Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm Wildflowers Model Home Hours: Monday - Thursday 1pm-7:30pm; Friday 1pm-5:30pm; Saturday, Sunday and Holidays 11am-5:30pm

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Get Connected To Our New Release Of Townhomes & Detached Homes.

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Village Home, The Tansley ‘F’, 1,536 Sq.Ft., $397,990

38' Home, Plan 6 ‘B’, 2,644 Sq.Ft., $532,990

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Townhomes From $329,990 ~ Detached Homes From $387,990

Sales Centre: 1280 St. John's Sideroad

Sales Centre: 6 Worthington Avenue

KITCHENER

MILTON

A New Release & 4 New Detached Model Homes Now Open!

The Final Selection of 30' & 36' Detached Homes Available On The Park.

Elev. ‘A’

Townhome, The Columbine ‘A’, 1,402 Sq.Ft., $268,990

30' Home, The Renfrew ‘C’, 1,874 Sq.Ft., $496,990

Townhomes From $251,990 ~ Detached Homes From $299,990

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Sales Centre: 179 Seabrook Drive

Sales Centre: 10180 Derry Road

Follow us: All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

contributors NEW HOME GUIDE

PRESIDENT, WALL2WALL MEDIA

Jacqueline Hill

EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge

DIRECTOR OF SALES, NATIONAL

Josh Heppner

SALES MANAGER NEW HOME GUIDE GTA, NEW CONDO GUIDE, HOME DÉCOR & RENOVATIONS

Conni Robinson

ASSOCIATE PUBLISHER, NEW HOME & CONDO GUIDE SWO, LIFESTYLE COMMUNITIES

Susan Maxwell ART DIRECTOR

Tammy Leung EDITOR

Wayne Karl CONTRIBUTING EDITORS

BILD REPORT

BRYAN TUCKEY

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

TAXING ISSUES

HENRY CHOO CHONG, CGA

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

LEGALLY SPEAKING

JAYSON SCHWARZ

Schwarz Law Barristers and Solicitors

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

THE TAX MAN

GEORGE E. DUBE

CA, CPA, LPA, is a real estate investor and Chartered Accountant and partner with Peter Cuttini, Dube & Cuttini Chartered Accountants LLP. He has written and contributed to articles and co-authored two books. georgedube@ dubecuttini.com, dubecuttini.com, Twitter @dubecuttini.com 1.877.475.3823

Sara Duck, Elisa Krovblit Lydia McNutt SENIOR ACCOUNT EXECUTIVE Nina Downs nina.downs@wall2wallmedia.com SENIOR ACCOUNT EXECUTIVE

Dionne Fraser dionne.fraser@wall2wallmedia.com SALES & MARKETING CO-ORDINATOR

Terry Bassett

DISTRIBUTION & SALES CO-ORDINATOR

Jennifer Bistron

ADMINISTRATIVE ASSISTANT

Antoinette Jackson PRODUCTION MANAGER

Bala Gnanapandithan PRODUCTION CO-ORDINATOR

Sandra Hanak-Vujnovic GRAPHIC DESIGNERS

Mike Terentiev, Caroline Wassef

NATIONAL ACCOUNT MANAGER, MEDIATIVE

Paul Slizys

Published By

DESIGNER ADVICE

YANIC SIMARD

Yanic is design editor of New Home Guide sister publication New Condo Guide and principal designer of Toronto Interior Design Group. Yanic often applies his signature high/ low and old/new combination techniques in developing his unique designs. He has created designs for clients in Toronto, Montreal and Miami, and appears as a regular guest expert on Citytv’s CityLine. Visit tidg.ca for more information.

MORTGAGE ADVICE

ALYSSA RICHARD

is the Founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

10 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

MAKE YOUR MOVE

STEWART SMITH

is franchisee/owner of Two Men And A Truck Canada Newmarket and Aurora. Call 905.952.2229 or visit twomenandatruck.ca Two Men currently operates in the U.S., Canada, Ireland and the UK with more than 260 locations and 1,800 moving trucks. The company enjoys a 96 per cent customer referral rating.

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

newhomeguide.ca

ADVERTISING Call 416.626.4200 for advertising rates and information.

CIRCULATION Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices. COPYRIGHT 2014 All rights reserved by New Home Guide, Toronto, Ontario, Canada. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.

TERMS Advertisers, Editorial content 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. Please submit to the editor at Susan.Legge@wall2wallmedia.com. 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.

dreams

Where and families come together in 3 Superb Communities MARKHAM

MARKHAM

E IN V S RALOT

W O NEL H DE O

THORNHILL

Singles on 30', 36’ & 40’ lots.

Detached homes on 35' and 41' lots.

Detached homes on 46’ & 60’ lots available.

ODELS T ED M DECOR A

T ED DECOR A

MODELS

New Release Coming Soon From the mid

600's

905-472-7667

1.1million

905-417-1203

madisonhomes.ca Hours: Mon-Thurs. 1-8pm, Fridays by appointment, Sat., Sun. & Hol. 11am-6pm. *Specifications are subject to change without notice. E. & O. E. See Sales Representative for details.

12 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 13

//BILD REPORT

Builders play key role in

public art » by BRYAN TUCKEY

BRYAN TUCKEY

is President and CEO of the Building Industry and Land Development Association (BILD) and is a land-use planner who has worked for municipal, regional and provincial governments. He can be found on Twitter (twitter. com/bildgta), Facebook (facebook.com/bildgta) and BILD’s official online blog (bildblogs.ca).

The next time you see a world-class piece of public art around Toronto, take a moment to think about how that installation fits into the surrounding community. Chances are that new-home buyers and a builder were behind it. Many builders make very good use of the City’s Percent for Public Art Program as part of the city’s development review. The program recommends that a minimum of one per cent of the total construction cost of a development, including condos, goes towards public art. While it’s not a mandatory program, it involves an important negotiation between the City and our members about the community’s needs. However, the agreement is made in the spirit of cooperation and collaboration to add culture, character and distinction to Toronto as our members continue to build great cities. These installations usually range from $400,000 to $1 million, with the odd piece costing up to $2 million. In 2013, there was $12 million in public art plans that were submitted to the City for approval, according to Jane Perdue, public art coordinator for city planning, City of Toronto. Many of our members have taken

14 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

part, including CanAlfa Group, Concert Properties, Monarch Corporation, Cityzen Development Group and Concord Adex Development to name a few. Gabriel Leung, vice-president of development for Concord Adex, says his company is trying to build a public art legacy around its condo communities, including Concord CityPlace in downtown Toronto and Concord Park Place in North York. He adds that public art must be planned with care as it will become a focal point in a streetscape or park, or beside buildings. “Concord always tried to do impactful art which suits the surrounding landscape and architecture design, and often these are colourful pieces as the colour adds life and vibrancy to the neighbourhood, particularly in the grey winter months,” Leung says. While he’s reluctant to choose one installation as a favourite, Leung says Canoe Landing Park is very impactful. It was created by Vancouver artist Douglas Coupland at CityPlace. Other examples include Straight Flush, by American James Turrell, at Bay and Adelaide (by builder Brookfield), and the two light bridges by the Austrian-American Erwin Redl at Vibe Condos in King West Village (Monarch). One of the important goals of public art is to start a conversation, says Karen Mills, founder of Public Art Management. Her company consults on urban-scale public art installations and memorials for governments and private developers. Each project involves an artist, engineers, fabricators, suppliers and crane operators. “We’re creating landmarks and we’re really participating in the culture of our time,” Mills says. “It adds to the persona and cultural diversity of the city to make this place a desirable place to live and work.” Karen’s son, Ben Mills, the vice-president of Public Art Management, says: “If you look at the sheer volume and the quality of artists, nationally and internationally, and what has been done since the 1980s, what we’ve been able to achieve in 30 years I think is unprecedented.” Ben also makes a great point about the funding of these works of art: your hard-earned tax dollars are not funding these installations. You can thank the new-home buyers for choosing to live in the areas that have public art. And hopefully you now have a new understanding of how builders can play a role in the culture of a new community.

JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 15

Model Home Photo Compliments of Treasure Hill Homes www.treasurehill.com

treasurehill.com

Discover Living

Treasure Hill builds thoughtfully-conceived spaces with superior interior design features. Aurora Woods on Bayview Presentation Centre.

JUNE2014

Treasure Hill Homes has been featured as â&#x20AC;&#x153;MODEL HOME OF THE MONTHâ&#x20AC;? as seen in the New Home Guide model home calendar

BUILDING

A NEW LEVEL OF

SUCCESS WINNER OF THE 2014 BILD PROJECT OF THE YEAR URBAN TOWNS AT BAYVIEW

E S TAT E S I N G L E S

TOW N H O M E S

U R B A N TOW N S

ACCOLADES IN MARKHAM

B R A M P TO N

CO M I N G S O O N

MARKHAM

CO M I N G S O O N

urbantowns O N

OAKVILLE

CO M I N G S O O N

URBAN LIVING

B AY V I E W

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CALEDON

F o r m o re i n f o r m a t i o n v i s i t t r e a s u r e h i l l . c o m JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 19

//COMMUNITY FOCUS

TREASURE HILL PRESENTS THE EXCLUSIVE TIARA ESTATE COLLECTION IN BRAMPTON 57-ft. luxury singles with more than $100,000 of included features

B LOCATION Brampton HOUSING TYPE Luxury singles CONTACT treasurehill.com

20 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

uilding on a reputation of excellence, Treasure Hillâ&#x20AC;&#x2122;s Tiara Estate Collection was conceptualized to exceed standards in luxury living. A hand-picked team of esteemed professionals from acclaimed architects to talented interior designers have worked tirelessly to ensure this exclusive collection provides only exceptionally fine crafted homes. With stunning 57-ft. lots offering plenty of yard space, and interiors featuring impressive floorplans showcasing quality architectural designs, the Tiara Estate Collection will provide you with a place you will be proud to call home.

TREASURE HILL HOMES | Tiara Estate Collection

Treasure Hill Homes has meticulously incorporated every necessary element to provide both form and function for the discerning buyer choosing a Tiara home. The extravagance is in the details. Treasure Hill Homes has meticulously incorporated every necessary element to provide both form and function for the discerning buyer choosing a Tiara home. The kitchen boasts beautiful granite countertops and undermount double bowl sinks; the large windows throughout allow natural light to illuminate spaces with gorgeous hardwood flooring and soaring ceiling heights. Enjoy large family gatherings, celebrate milestones and rejoice in old traditions while creating new ones in a home that provides a perfect combination of space, luxury and comfort. With up to $100,000* of upgraded features included, your Tiara home will simply amaze your family and guests. For more information visit treasurehill.com *Prices and information correct at press time. Please ask sales representative for more information. JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 21

Imagine life in a Rosehaven Home where you will say…I am happy, I am comfortable, I am home!

Current Communities

CHIPPAWA/NIAGARA

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The Grass is Greener 50’ Singles & Freehold 35’ WIDE Bungalow Loft Townes from the $320’s.

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Walk, Bike or Play! 40’ & 35’ Singles from the mid $400’s. Semis from the mid $300’s.

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For directions, hours and community information call our hotline (1-888/416) 410-0175 Prices and specifications correct at press time. Renderings are artist concept. E. & O.E. Prices quoted are in $ thousands except for Kleinburg & Randall pricing.

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All photos are actual Rosehaven homes.

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//COMMUNITY FOCUS

DISCOVER UNIONVILLE’S finest family community LOCATION Markham HOUSING TYPE Freehold townhomes from $585,990, 34-ft. from $760,990 and 38-ft. from $904,990. All remaining detached lots include walkout basements CONTACT 905.477.6464 fieldgatehomes.com

24 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

he Village of Unionville has a well-established reputation as one of the GTA’s most sought after communities. Located in the heart of the city of Markham, this quaint, charming village offers a welcome retreat from the bustle of modern life. It’s a place where one can spend the day window-shopping on Main Street or enjoying a meal on a sunny patio with friends or just an ice cream with your family. It’s also a place where music, arts and culture are enjoyed through spaces and events such as the annual Markham Jazz Festival, nearby Markham Theatre and the Fred Varley Art Gallery. This rare gem of a village sets the stage for a new home community of exceptional charm and beauty, Upper Unionville. continued on pg 26

JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 25

//COMMUNITY FOCUS...continued

FIELDGATE HOMES | Upper Unionville

In addition to the exceptional convenience offered by the schools, shops, parks and ponds of The Village of Unionville, this community also offers easy access to the many wonderful shopping and recreation facilities of Markham and the surrounding area. Offering an incredible selection of homes and one of the GTA’s finest locations, it’s easy to see why Upper Unionville is one of the GTA’s best selling new home communities. Located just moments from the heart of Unionville at Kennedy Road and 16th Avenue, this breathtakingly designed master-planned community offers one of the best selections of new home designs anywhere in the region. Featuring an impressive array of freehold townhomes from 1,775 to 2,180 sq. ft. from $585,990, 34-ft. from $760,990 and 38-ft. from $904,990, Upper Unionville has homes that appeal to first-time buyers, empty nesters and everyone in between. All the homes at Upper Unionville offer a classic-yet-contemporary architectural aesthetic that contributes to the rich, vibrant atmosphere that is the hallmark of this community. Exterior elevations feature brick and stone accents, single and double car garages, covered porches, large windows and more. The interiors of these homes are just as stunning, with features such as spa-inspired master suites, spacious kitchen and breakfast areas, ample closet space, upstairs laundry rooms, stately dining rooms and expansive great rooms, to name just a few. One of the most popular freehold townhomes at Upper Unionville is the 1,986-sq.-ft. Langley. Featuring three large bedrooms and a single car garage, this stylish open-concept townhome has it all. The front of the home boasts a striking brick elevation with stone accents, large windows and a second floor balcony off the third bedroom. Inside, homebuyers will be impressed by the intuitive layout of the main floor plan, with a large living and dining room, contemporary kitchen and breakfast area and charming family room with gas fireplace. Upstairs the master suite features a walk-in closet and an ensuite with oval soaker tub and separate shower stall. The second floor also features an upstairs laundry room, main bathroom and two additional bedrooms. Upper Unionville is also ideally situated to take advantage of many of the GTA’s finest amenities. In addition to the exceptional convenience offered by the schools, shops, parks and ponds of The Village of Unionville, this community also offers easy access to the many wonderful shopping and recreation facilities of Markham and the surrounding area. Markville Mall, First Markham Place, Pacific Mall and more are all nearby, and those looking for outdoor recreation can enjoy Angus Glen Golf Course, York Downs Golf & Country Club, Milne Damn Conservation Park, Monarch Park and more. And with GO Transit and Hwys. 407 and 404 all nearby, it’s easy to get to all your other favourite GTA destinations at Upper Unionville. For more information on Upper Unionville, visit the sales centre this weekend, or go to fieldgatehomes.com or call 905.477.6464. 26 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

LUXURY SINGLES ONLY

NEW LUXURY COMMUNITY FEATURING

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FAR MORE AFFORDABLE THAN A SIMILAR HOME IN VAUGHAN BROUGHT TO YOU BY 3 QUALITY BUILDERS HWY 50

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Countryside Dr.

*Limited quantities available in some price ranges to qualified purchasers. Prices & information correct at press time. Maps not to scale. Rendering reflect artist’s concept. Some lots may have premiums. E. & O. E. Conditions may apply. **Approximate value based on comparison between homes with similar specifications and features located in Vaughan & Brampton.

TREASURE HILL SALES CENTRE

Castlemore Rd.

HWY 407

HWY 7 GREENPARK & STARLANE SALES CENTRES

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val e s o f t h e h u m b e r.c o m

VAUGHAN

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BUNGALOWS FROM

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//FUNDAMENTALLY SPEAKING

Mortgage essentials It’s a hot topic in a changing landscape, so learning as much as you can is time well spent » by WAYNE KARL

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

Mortgage interest rates, still at historical lows and expected to remain so until later this year and maybe even into 2015, represent a window of opportunity for those looking to buy a home. The Bank of Canada, in its latest rate announcement on June 4, once again held its influential overnight target rate at one per cent – where it has been since September 2010. Indeed, the mortgage industry remains ultra-competitive, lenders often introduce new products and otherwise there are plenty of options for borrowers. If you could lock in at a low rate over 10 years, for example, that gives you the comfort of knowing what your mortgage payments will be over that period, while over that time you can also take advantage of any pre-payment and lump-sum payment options to pay down your mortgage. Another appeal of this scenario is that, as we often point out, experts advise you take a long-term view of your home purchase. For example, there has been some talk recently about cooling prices and softening sales. But even if that were to happen in your market and housing type, ask yourself: in 10 years, is a home you buy today likely to be worth more or less? If you need an answer to this question, just take a look back at prices 10 years ago. Of course, there are no guarantees, but if you’re in the homebuying mode anyway, today’s low rate environment makes a pretty compelling reason to act sooner than later to take advantage of these opportunities. Low rates notwithstanding, the banks, financial firms, brokers and other experts still advise homebuyers to practice smart borrowing – everything from putting down a larger down

28 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

payment to taking advantage of pre-payment options and even “stress-testing” your mortgage at a higher rate to ensure your finances can accommodate rate fluctuations or other unforeseen circumstances. The mortgage market is a complex beast, and as a prospective homebuyer, these are not lessons you’re going to learn overnight – nor do you likely want to. You’re focused on saving a down payment, getting your finances in order, searching potential neighbourhoods, choosing a home and selecting interior finishings. But just as important is to also spend as much time as necessary to find a broker or banker you trust and who knows their business. More so than in any other area of homebuying, you’re going to rely on the advice of this member of your team – now more than ever. It will prove to be time well spent.

RICHMOND HILL MODEL HOME GRAND OPENING TAKE THE TOUR THIS WEEKEND 7 SPECTACULAR MODELS Jefferson Forest continues to offer a wide selection of Freehold Townhomes all in an established community beside a 400+ acre nature preserve. This could be your LAST CHANCE TO MAKE JEFFERSON FOREST YOUR NEW HOME COMMUNITY. RICHMOND HILL

FREEHOLD TOWNHOMES EAST OFF YONGE NORTH OF GAMBLE 1,600 SQ. FT. TOWNHOMES

$500s

2,000 SQ. FT. TOWNHOMES

$600s

starting from the high

starting from the mid

SALES OFFICE: Mon. - Thurs. 1pm to 8pm, Sat., Sun., & Hol. 11am to 6pm

VISIT US TODAY!

JeffersonForest.ca

*Prices & specifications are subject to change without notice. Finishes vary by Builder. See sales representatives for details. Renderings are artistâ&#x20AC;&#x2122;s concept. E. & O. E.

SUMMER IS HERE...

E@D?G>5C

WELCOME TO THE

1D 3 1 B 4 9 > 1 < @ ? 9 > D

UPTOWNES DELIVER AN EXCITING NEW TWIST TO TOWNHOME LIVING! Summer is short enough. But with fabulous rooftop terraces, complete with handy BBQ hook-ups, enjoying the great outdoors is easier than ever! Whatever your style — from cutting edge bold to laid back traditional — Uptownes at Cardinal Point also offers plenty of exciting interior design opportunities to suit every lifestyle and taste. Uptownes are now under construction with our models opening this Fall! BILD 2014 P2G COMMUNITY OF THE YEAR BILD 2012 HOME BUILDER OF THE YEAR CHBA 2011 GRAND SAM AWARD WINNER

Prices are correct at press time and are subject to change without notice. Specic features are as per plan and series. Sq.ft. measurements are approximate. Map not to scale.

GREAT OUTDOORS ...AND THE LIVING IS EASY! 3'-6" PARAPET

Each spectacular townhome includes a

PRI VACY WALL

3-storey

private rooftop Up to 380 sq. ft.

terrace for

of entertaining,

sunny summer 3'-6" PA P RAPE T

afternoons.

dining and relaxing space complete with BBQ hook up!

55'' PAT ATIO IO DOO OOR RAILING

MECH ROOM

Within walking distance of theatre, parks, art centre, shopping, dining GO Transit, and more, Uptownes has everything you love just steps from your door.

CONSTRUCTION HAS STARTED

LOFT INSPIRED CONDO TOWNS

geraniumhomes.com

SALES CENTRE

9th Line

SITE LOCATION

Millard St Bakerhill Blv

from

404

364900

John Davis Gate

Hwy 48

Two Bedroom Designs 1,401 to 1,639 sq. ft.

Mon to Wed: 1 – 7pm Wknds & Hols: 11am – 6pm Main St

Stouffville

#" - - " / 5 3 " & 4 50 6 ' ' 7 * - - & 1 0 35 ) 0 1 & 80 0 % 4 50 $ , See sales rep for details. The ENERGY STAR® mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. E & O E.

905-640-9999

//COVER STORY

Now open MENKES’ HUMBER MEWS TOWNHOMES IN ETOBICOKE LOCATION Etobicoke HOUSING TYPE Townhomes SALES CENTRE: 2 Holiday Dr., open Monday to Thursday from noon to 7 p.m., and weekends and holidays from 11 a.m. to 5 p.m.; closed on Fridays. CONTACT 416.259.2525 menkes.com

32 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

he wait is over! Menkes Developments’ much anticipated designer townhome community in the heart of EtobicokeHumber Mews is now open. Humber Mews is a private and intimate townhome enclave just minutes from Hwy. 427, the QEW, Gardiner Expressway and one of Toronto’s finest shopping and lifestyle destinations, Sherway Gardens. Tall, stately, elegant... these are words that aptly describe the collection of designer townhomes at Menkes’ Humber Mews community. A mere 66 pristine homes will be built in this intimate enclave at Evans Avenue and

Brown’s Line in convenient and central Etobicoke. Featuring three grand storeys, each townhome represents meticulous design and finishing; majestic architecture coupled with opulent features and finishes to create a truly polished home for people who appreciate the finest things in life. Humber Mews offers one of the best locations in the city. A fast growing area with fantastic amenities surrounded by parks, schools, recreation and shopping, downtown Toronto is just minutes away by car and yet, this dignified community retains a neighbourhood ambience that is welcoming and friendly. Just down the

MENKES DEVELOPMENTS | Humber Mews

street is one of the city’s most popular shopping malls, Sherway Gardens, which is currently undergoing a $400-million transformation project and will house the top luxury stores and brands in the city. Just a short distance, the Queensway offers residents of Humber Mews a wonderful selection of stores, entertainment, cinema and dining options. Transportation options abound: Long Branch Go Station is less than a five-minute drive, the Kipling subway station is a short drive or bus ride away, the local transit is right outside your door and the QEW, Gardiner and 427 are easily accessed from Evans Avenue. Humber Mews offers unique product designs to suit a variety of tastes and budgets. Priced from $480’s, these smartly-designed open-concept three bedroom, 2.5-bathroom, three storey homes range from 1,266 to 1,676

sq. ft. Some layouts have basement options that provide additional space. Each home features a spacious patio or backyard as per plan and gorgeous exteriors with brick and stucco set along a harmonious, pedestrian-friendly streetscape. The community also offers secure underground parking. The homes are embellished with an exceptional array of fabulous features and finishes, including nine-ft. ground floor ceilings, four stainless steel kitchen appliances, stacked white washer and dryer, granite kitchen counters, laminate flooring in a natural finish in living and dining rooms, upgraded casings and baseboards and much more. For a limited time, purchasers will receive oak stairs and décor upgrades in addition to these outstanding standard features. Please visit the sales centre to enquire. In addition to a wide array of

fabulous features and finishes, Humber Mews offers a flexible deposit program with only a $5,000 initial deposit. Please see a sales representative for details. Humber Mews shares the presentation centre with Menkes’ modern townhome community, Dwell City Towns, located in Etobicoke. Dwell City Towns offers a variety of two- and three-storey designs starting from the high $300’s. The presentation centre for both Humber Mews and Dwell is located onsite at 2 Holiday Dr., off West Mall, north of Burnhamthorpe, Etobicoke. The sales office is open Monday to Thursday from noon to 7 p.m., and weekends and holidays from 11 a.m. to 5 p.m.; closed on Fridays. Call 416.259.2525 or visit menkes.com for more information. JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 33

live greatly.

Experience the Great Gulf Difference across the

ROLLinG MEAdOws, niAGARA

wEsTFiELd, bRAMPTOn

Award-winning homes up to $300,000 less than the GTA!

First Release Now Available at Mississauga Rd. and Steeles!

• Established neighbourhood close to every amenity

• Live at Brampton’s most prestigious location

• Just 90 minutes from Toronto

• Brampton’s deepest and best selling lots

• Discover the Niagara Lifestyle – more than 50 golf courses and 75 wineries, shopping, biking and more.

• Side door entrance with additional staircase to basement

• Minutes to the US border and Buffalo International Airport

$300’s

50 Ft. Detached 2,130 - 3,095sq. ft. from

$ 350’s SALES OFFICE: 1 Sunset Way, Thorold (905) 680-0841

Bovaird Dr. Mississauga Rd.

35 and 42 Ft. Detached 1,580 - 3,015 sq. ft. from

Queen St.

Chinguacousy Rd.

• Brockport Home construction for assured precision building

38 Ft. Detached 2,080 - 2,185 sq. ft. from

$620’s

Steeles Ave. Hwy. 407

SALES OFFICE: 8540 Mississauga Road, Brampton 905.866.6876

Prices and specifications subject to change without notice. E. & O.E. Illustrations are artist’s concept. All square footages are approximate. Actual usable space varies from stated floor area.

GTA and beyond!

MOUnT PLEAsAnT, bRAMPTOn Bovaird and Creditview Walk To Mount Pleasant GO Station

sUMMERLYn ViLLAGE, bRAdFORd Bradford’s Best Selling Community!

• Lots up to 130 feet deep

• Fully established, award winning community; home to more than 800 families

• Side door entrance with additional staircase to basement

• Surrounded by schools, neighbourhood parks, and every one of your favourite retail locations

• Brockport Home construction for assured precision building

• More than 60 acres of protected open space with miles of integrated walking and biking trails

• 40’ Lot homes that offer more natural light

• Just 10 minutes from the GO Station

34 Ft. Detached 1,945 - 2,685 sq. ft. from

Ashley Field Rd.

Bovaird Dr. James Potter Rd.

Hwy. 407

$530’s

40 Ft. Detached 2,630 - 3,600 sq. ft. from

$470’s

Hwy. 400

Mississauga Rd.

Queen St.

Chinguacousy Rd.

Williams Pkwy.

36 and 40 Ft. Detached 1,465 - 2,740 sq. ft. from

50 Ft. Detached 1,880 - 4,010 sq. ft. from

$630’s

$630’s Holland St.

SALES OFFICE: 9806 James Potter Road, Brampton (905) 459-5772

SALES OFFICE: 22 Downy Emerald Drive, Bradford (905) 775-3461

Sales office hours: Sat. & Sun. 11am - 6pm • Mon. - Thurs. 1 - 8pm • Closed Fri. • Niagara hours: Sat. & Sun. 12pm - 5pm • Mon. - Wed. 2 - 7pm • Closed Thurs. & Fri.

GREATGULF.COM

//TARION REPORT

MYHOME:

the simplest way to manage your new home warranty » by HOWARD BOGACH Tarion has continued to evolve over the past few years to help us better serve

HOWARD BOGACH

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

the hundreds of thousands of homeowners who have purchased new homes across Ontario. Owning a home comes with a great deal of responsibility, and keeping track of all the tasks involved can be complicated. This is why we are always striving to make managing your home’s warranty more convenient. Tarion is constantly updating our online service, called MyHome, which is designed to help homeowners stay on track when it comes to their warranty coverage. Just about all new houses and condominiums in Ontario come with a mandatory warranty that begins when you sign a purchase agreement, and lasts seven years from the date of first possession. This means that if you are a new homeowner, you have warranty protection, guaranteed by Tarion Warranty Corp. MyHome is the simplest way to manage your warranty. As soon as you take possession of your home, you can register. The service allows homeowners to securely submit 30-Day, Year-End and Second-Year Forms. You can also view any submitted forms and official correspondence. Tarion will send you automatic email alerts so you don’t miss any important deadlines. This is crucial, because timing is essential when submitting warranty forms. Missing a deadline may delay – or even jeopardize – a claim. This is not a new service – it has been in place since 2009. However, Tarion implemented a number of enhancements to MyHome in 2013. These include the ability to upload supporting documents to an account, such as photos, receipts and agreements, and a feature allowing

36 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

homeowners to schedule a conciliation inspection online. Tarion’s Accessibility for Ontarians with Disabilities Form is now available on MyHome for homeowners to complete and submit electronically. A live-chat customer support function was also added last year to help homeowners navigate MyHome as they use the site. Over the years, we’ve seen a steady increase in homeowners using our electronic services to manage their warranty. Our most recent numbers tell us more and more homeowners are choosing MyHome, with the number of users jumping from 50,000 in 2012 to 73,731 in 2013. In total, 61 per cent of all warranty forms received in 2013 were through MyHome. MyHome isn’t the only way Tarion has been improving and updating its services. In the past few years, we have been moving from a primarily paper-based organization to a more electronic-based one to effectively serve the needs of all our stakeholders. In 2013, we launched multiple social media channels as a way to engage new-home buyers. Our Facebook page offers valuable updates, educational materials about the warranty process and industry related information that is relevant to new-home buyers. Tarion’s YouTube channel includes online videos to help new homeowners navigate the warranty process. We even offer the Homeowner Information Package electronically, which helps ensure homeowners are always accessing the most recent version of this document. So, if you’ve purchased a new home, sign up for MyHome to make managing your warranty easier. New home purchasers can register for MyHome by visiting tarion.com and following the MyHome link on the homepage. You will need to provide your home’s enrolment number and original date of possession (which is the warranty start date). This information is on the Certificate of Completion and Possession (CCP), provided by the builder. If you have purchased a new home and your builder has not informed you about the mandatory new home warranty that you are entitled to, contact Tarion as soon as possible. You may be dealing with an unregistered builder, which is illegal in Ontario. As always, if you have a question or would like more information about Tarion, visit tarion.com or find us at facebook. com/TarionWarrantyCorp. Finally, if you have some suggestions on how to improve our services, contact us through one of our various channels. Tarion welcomes your comments on how we can continue to improve our services.

//TAXING ISSUES

Building equity » by HENRY CHOO CHONG

Currently, my wife and I are renting. However, we would like to buy a home and build some equity. Can you offer some advice for a young, upwardly mobile couple?

Geoffrey and Diane, Toronto

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

There are many investment vehicles that can give you healthy returns. You do not necessarily have to buy a home to increase your wealth. However, a home is one of the only tax-free investments still available to the middle class. Buying a home is a long-term commitment and investment. Today’s historically low interest rates make purchasing a home extremely appealing – particularly if your rent paid is greater than $1,000 per month. Why should you pay someone else’s mortgage?

CONSIDER THE FOLLOWING:

›› Determine what you can afford and stick to that price. All too often, buyers tour several homes and the only one they desire happens to be thousands of dollars over their budget. Remember, keep your head out of the clouds. Commit to a mortgage, not a stress asylum. ›› Shop and negotiate with several financial institutions for the best interest rate, terms and conditions. You may be surprised at how competitive the banks are for your mortgage business. Shopping for a mortgage can be as easy as a few clicks of your mouse. ›› S et a formal plan to help save for a first home. Sit down, plan the steps necessary to achieve your goals, and follow through! ›› Improve/maintain your credit rating by paying all your bills on time. One-day-late payments are still considered late. This could influence your negotiating power for the best mortgage. ›› Make sure current monthly mortgage payments are manageable and will continue to be so even when interest rates rise in the next several years and payments increase. ›› P ut down as much as possible to avoid taking out a high-ratio mortgage that incurs additional cost and interest. A five-per-cent down payment on a home leaves little equity. ›› Set aside an additional three per cent of the purchase price of the house for closing costs such as Land Transfer Tax, legal fees and disbursements, moving costs and other incidentals. Speak to your lawyer who will be able to give you the heads up on what to expect. ›› Take advantage of the first-time Home Buyers Plan (HBP) to use your Registered Retirement Savings Plan (RRSP) as part of the down payment. An individual and spouse, provided they qualify, may withdraw up to $25,000 each from their RRSP, tax-free, for a total of up to $50,000 toward your home and other purchase-related costs. If you have never used the HBP, contribute your savings for the home into your RRSPs and take advantage of the tax deduction. Then, use these savings for a down payment. You will have 15 years to repay the amounts to your RRSP, starting after the second year of your withdrawal. Continue to follow the real estate market trends and buy when you are ready, not when the market is ready for you.

38 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

LIVE in the centre of TORONTO

SENSATIONAL SEMIS

SUPERB SINGLE DETACHED

UP TO

SEMIS AND A SELECT NUMBER OF DETACHED HOMES

$40,000

IN BONUSES*

600’s

Exclusive court lots in the well-established Bathurst Manor neighbourhood, near Sheppard and Bathurst.

Starting from the upper

Buy now and receive: ✔Granite Kitchen Countertop ✔Stained Oak Staircase ✔Granite Countertops in Ensuite and Main Bath ✔P re-Finished Engineered Hardwood on Main ✔Appliance Package – Stainless Steel Fridge, Stove, Dishwasher and White Washer & Dryer ✔Upgraded Trim Package ✔Air Conditioning ✔Upgraded Pickets and Handrail (non-tiled areas)

WWW.ARISTAHOMES.COM • 416-630-5039 *Prices and specifications are subject to change without notice. Bonus, finishes and decor dollar amounts may vary per model type. See sales representative for details. Renderings are artist’s concept. Veneer risers and stringers. E. & O.E.

Presentation Centre Hours:

Mon. - Thurs. 1 - 8pm, Fri. by appt. Sat., Sun. & Hol. 11am - 6pm 39

//COMMUNITY FOCUS

Vaughan Valley Estates model homes

ARISTA HOMES LOADS ON THE LUXURY AT GODDARD ON THE VALLEY

Semis and singles on exclusive court lots now include up to $40,000 in upgrades LOCATION Toronto HOUSING TYPE Semis and singles on exclusive court lots SALES CENTRE 824 Sheppard Ave. W., open Monday to Thursday 1 to 8 p.m., Friday by appointment only, and Saturdays, Sundays and holidays 11 a.m. to 6 p.m. CONTACT aristahomes.com

40 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

tâ&#x20AC;&#x2122;s rare to find an infill community in central Toronto offering more than just a handful of new homes. And rarer still to find such a community just steps from acres of natural woodlands. Yet, thatâ&#x20AC;&#x2122;s exactly what Arista Homes is offering new-home buyers at Goddard on the Valley, an exclusive collection of 62 luxurious homes in the well-established Bathurst Manor neighbourhood of North York. With nearly half of these exceptional homes now sold, the entire community is now under construction, with occupancies expected as early as this fall. A superb selection of semis and singles remains available, many situated on exclusive court lots, and will certainly not last long. Each home at Goddard on the Valley is timelessly elegant, with architecture and interior design that exist in perfect harmony. The rear elevations are as attractive as the front elevation and, inside, not a single square foot has been wasted in the design of the floorplans.

ARISTA HOMES | Goddard on the Valley Vaughan Valley Estates model homes

Prices start from the upper $600’s, and for a limited time, Arista is also offering up to $40,000 worth of bonus upgrades. That includes granite countertops in kitchen and baths, a complete appliance package (including stainless steel fridge, stove and dishwasher), central air conditioning, stained oak staircase, and preengineered hardwood on the main floor. Also included is an upgraded trim package, upgrade pickets and handrail, and more. Goddard on the Valley offers a truly exceptional location for this prestigious new enclave, with the privacy and prestige of a nearby ravine locale, along with all the accessibility and convenience of an urban home, right in the centre of the city.

Vaughan Valley Estates model homes

The nearby ravine and trail system is an integral part of the Carscadden Greenbelt, and links to the West Don River Valley System – a wonderful place to explore on a sunny summer day. Here, you’re just a short stroll from this natural oasis, and conveniently close to all the amenities of the well-established Sheppard and Bathurst area nearby. Situated near this major crossroads of North York, Goddard on the Valley offers every amenity. Shopping at Yorkdale, Fairview or the Sheridan Mall, all just minutes away. Surrounding you are restaurants, places of worship, hospitals, community centres, golf clubs and tennis more. You’re close to the Downsview subway station (and convenient to the Yorkdale and York Mills stations, too), along with enjoying quick and easy access to Hwys. 400, 401 and 404, not to mention the Allen Expressway. Arista Homes is an award-winning company that has proudly built more than 8,000 new homes across the Greater Toronto Area. The company mandate has always been to deliver value-rich features to its homebuyers, combined with uncompromised building efficiency and quality. At the Arista Homes Decor Store, purchasers can choose from a vast selection of flooring options, state-ofthe-art plumbing fixtures, designer kitchen cabinets, elegant window coverings, functional closet organizers, creative lighting options and much, much more… everything you need to personalize your new home at Goddard on the Valley. The Goddard on the Valley Presentation Centre is open at 824 Sheppard Ave. W. Hours are Monday to Thursday 1 to 8 p.m., Friday by appointment only, and Saturdays, Sundays and holidays 11 a.m. to 6 p.m. Visit aristahomes.com for more information. JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 41

//MORTGAGE ADVICE

Why mortgage rates vary from lender to lender » by ALYSSA RICHARD

ALYSSA RICHARD

is the Founder and CEO of ratehub.ca – a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

Over the past several weeks, we saw mortgage rate wars continue in Canada, as different lenders all tried to get a bigger piece of the spring real estate pie. First, Investors Group offered a three-year variable of just 1.99 per cent. Then Scotiabank dropped its five-year fixed down to 2.97 per cent, which was the lowest among the big banks. Finally, on ratehub.ca, we saw five-year fixed rates vary from 2.99 per cent in Quebec to 2.84 per cent in British Columbia. It seems odd that lenders can all offer such different rates, right? I mean, if five-year fixed mortgage rates are driven by five-year government bond yields, how is it possible for mortgage rates to vary from lender-to-lender – especially from province-to-province? As it turns out, the answer is fairly simple. Individual lending institutions set their rates based on what their profit objectives are, how much competition they have and what their marketing strategy is. We’ve seen how this works on a national level, when one of the big banks launches a new low rate before the other big banks, so they can get some press and gain a little more of the market share. On a provincial level, though, we often forget how many credit unions and small lenders exist in only one province. And if a small lender in one province sets a new low rate, there’s no reason for small lenders in other provinces to follow suit because they are not direct competitors. Finally, on a city level, it can also become a classic case of supply and demand. For example, in a city such as Toronto, where there’s a greater demand for housing and thus mortgages, there’s

42 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

Individual lending institutions set their rates based on what their profit objectives are, how much competition they have and what their marketing strategy is. a need for lenders to supply the lowest mortgage rates, so they can compete for a portion of the market share. However, in comparison to somewhere like Yellowknife, where there are significantly fewer people, homes and real estate transactions, buyers have fewer lenders to choose from, so lenders can charge higher interest rates. On top of the role lenders play, you also need to consider what the mortgage brokers who work with each individual lender choose to do with their commission. Some brokers choose to keep the full commission, and others decide to split it with clients in the form of a lower rate. What does all this mean for you? If you’re thinking of buying a home this year, don’t just walk into your bank and accept the rate they offer you. Work with a mortgage broker who can find the best mortgage rate and product for you.

Markham

Library with Over Cornell Community Centre & Your Doorstep. 70,000 sq. ft. Now Open at

Release of New Home Designs! Visit us Today! Tour our 8 professionally decorated models

Freehold Townhomes featuring 2 master bedrooms each with a Semi-Ensuite

500's

from the low

From 1,737 Sq.ft.

cornellrouge.com

MARKHAM

Singles on 30’, 36’ & 40’ lots

$600's

from the mid

From 2,057 Sq.ft.

Sales office located at the S/E corner of Cornell Centre Blvd. and 16th Ave. Open Monday to Thursday

from 1 to 8 p.m.; Friday by appointment only; Weekends and Holidays from 11 a.m. to 6 p.m.

Renderings are artist’s concept.* Specifications are subject to change without notice. E. & O. E. See Sales Representative for details.

//COMMUNITY FOCUS

SUMMER SAVINGS WITH BROOKFIELD Move in this year and save big

ant to buy a new home, but too anxious to wait for it to be built from the ground up? If you act soon, you can become a Brookfield homeowner this year and save big with up to $15,000 off inventory homes in Alliston, Bowmanville, Bradford or Caledon East. You can choose from a variety of homes that are currently under construction with a wide range of 2014 closing dates. If you hurry, you can still enjoy selecting your interior finishes and make your home truly your own on select inventory homes in one of our 44 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

master-planned communities. Purchase with peace of mind knowing that all homes come with superior finishes, excellent workmanship and convenient closing dates, all things you would want in your new home. SAVE MORE WITH BROOKFIELD

Check out Brookfield’s special limitedtime promotions in one of the following master-planned communities: ›A t Treetops in Alliston save on inventory homes and move in this year. With a variety of designs from semis to 49-ft. homesites Treetops is

the ideal community for all families. Many homesites are just steps away to the seven-acre community park. Enjoy living beyond your backyard and saving more for what matters. Prices begin from just the mid $300’s. Hurry in for preferred lot selection. › At BrookHill in Bowmanville take advantage of up exceptional inventory savings and selection with many of the 32-ft. homes fronting BrookHill’s community park. Save up to $10,000 on these stunning open-concept plans which provide an exquisite selection of

BROOKFIELD RESIDENTIAL | Multi-site

“ You can choose from a variety of homes that are currently under construction with a wide range of 2014 closing dates” features and finishes in bungalow or two storey designs with two car garages. The 32-ft. singles start from the mid $300’s. › At Grand Central in Bradford, you can become a homeowner this year and save up to $15,000 on an inventory home, if you act soon. With more than 10 inventory homes to choose from, many homesites come with walk-out basement conditions and back onto the creek for added privacy. Sizes range from 1,552 to 3,340 sq. ft., and prices begin from the $500’s. Whichever home fits in with your lifestyle plans, you can save big by buying soon. ›A t Pathways in Caledon East, take $10,000 off selected townhomes.

First-time buyers can also take advantage of Brookfield’s Smart Start Program that enables you to purchase with a five-percent deposit. › At Fieldstone in Mono, receive $15,000 in Dream Dollars at Brookfield’s Inspiration Studio. You will find new 60-, 70- and 80-ft. homesites to choose from.

Brookfield Residential has built more than 25,000 homes in Ontario since 1956, and has earned several highly coveted industry recognitions including the JD Power and Associates Award for Highest in Customer Satisfaction and Ontario Builder of the Year from OHBA and Tarion. For more information on Brookfield Residential’s fine communities, visit brookfieldhomes.ca JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 45

luxury homes and condos to life

SPRING 2014

LuxuryLivingGTA.com

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

LIVING the HIGH-LIFE

with subdued elegance

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

Spring edition now available.

PASTEL FASHION AND DECOR TRENDS

CATCH UP ON THE LATEST MARKET NEWS

TOP DESTINATION: LONDON, ENGLAND 14-04-16 6:21 PM

Get your copy now! 416.626.4889

LuxuryCover-04-26-14-FINAL.indd

newhomeguide.ca

JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 47

//INSURANCE NEEDS & OPTIONS

HOW TO ESTIMATE YOUR

home insurance premiums Like all insurance premiums, how much you pay for home insurance depends on a number of factors related to risk. Insurers analyze these risks, and figure out how likely it is that you – or a group of people with the same set of circumstances – will make a claim, and how much that claim will cost.

break-ins. The cost of home insurance, therefore, varies from neighbourhood to neighbourhood, from city to countryside, and is based on knowledge and experience.

THESE FACTORS TYPICALLY AFFECT WHAT YOU PAY FOR HOME INSURANCE:

» Proximity to water Insurers are concerned about fire, and will look at how far your home is from a source of water (fire hydrant, fire station). If you live in an urban area, this is generally not a problem. If you live in the country and the distance is great, however, this will influence the cost of your home insurance. The sooner a potential fire can be put out, the lower the cost of restoring your home.

» Where you live Insurers keep records about such items as the number, type and cost of claims by neighbourhood. They can tell from past experience what the circumstances are in your neighbourhood, and how likely it is that you will have to make a claim. For example, if you live in an area where most people commute to work and homes are left unoccupied during the day, the statistics may show your neighbourhood has more

» Replacement cost The factor that will make the biggest difference in the cost of your home insurance is simply the size and composition of your house – as well as your contents. The larger the home and the more contents you have, the more it will cost to replace. In addition to the square footage, insurers take into account such matters as the quality of construction used to build your house, as that can vary greatly from home to home. » Heating Not usually an issue with new homes, oil tanks have the potential for causing costly environmental hazards, so your insurance representative will ask questions about the age and condition of your tank. There is far less risk with forced-air gas furnaces or electric heat, so you may pay more for your home insurance if your home is heated by oil. ...continued on pg 50 48 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

//INSURANCE NEEDS & OPTIONS...continued

» Electricity There are several factors concerning electricity. Do you have breakers or fuses? What is the flow of electricity coming into your house? And what kind of wiring do you have? Insurers know from experience that breakers pose less risk than fuses, and that a minimum of 100-amp service is better than a lower level of service, as a lower amp can lead to overloading and fire. » Pipes Galvanized or lead piping usually means that the plumbing is older, and older plumbing is more likely to crack, leak or run into other problems. Insurance companies generally prefer homes where the plumbing is made of copper or plastic. » Age of roof Not usually an issue with new homes, insurers generally prefer a roof that has been updated within the last 20 years. Some policies will pay only depreciated values, as low as 25 per cent of the replacement cost, for damaged roofs that are near the end of their designated service life. » Other uses of your home Insurers will want to know if you have built or are planning to build a secondary rental suite in your home; begin operating a business there; or make any other significant alterations to the structure or the way your home is used. » Other factors Insurers will ask if you have a security alarm and a fire alarm, and whether they are monitored by an outside service. They will also want to know if you have a swimming pool and other structures on your property, such as pool houses or storage sheds, that are worth more than 10 per cent of the insured value of your home.

Insurers analyze these risks, and figure out how likely it is that you – or a group of people with the same set of circumstances – will make a claim, and how much that claim will cost. 50 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

» Basic or full coverage Once all of the above is taken into consideration, you can choose the types of coverage you’d like – which will also influence the cost you pay. While there are government regulations dictating how much insurance drivers must have, there are no such laws when it comes to home insurance. The only requirement may be one set by your bank or mortgage holder. From there, it’s up to you to decide whether you prefer basic or more comprehensive coverage. And this is something your independent insurance representative can help you with. THE FOLLOWING FACTORS TYPICALLY DO NOT AFFECT WHAT YOU PAY FOR HOME INSURANCE:

» Gas versus electric appliances The types of appliances in your home do not affect the cost of your home insurance.

» Brick exterior versus aluminum siding Most insurance companies do not use type of construction as a rating factor when calculating home insurance premiums. However, construction type is used when calculating the building replacement cost (what it would cost to rebuild the dwelling with materials of like kind and quality, if it were destroyed).

AT HEATHWOOD HOMES, YOU WILL BE

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//LEGALLY SPEAKING

CONSIDERATIONS FOR BUYING

foreign property

» by JAYSON SCHWARZ

JAYSON SCHWARZ

LL.M. is a Toronto real estate lawyer and senior partner in the law firm Schwarz Law LLP. If you have a topic in mind, mail, deliver or fax letters to the magazine or to the firm, email (info@schwarzlaw.ca) and give us your questions, concerns, critiques and quandaries.

Canadians have never been more interested in owning foreign property than now. Whether it’s to plan for retirement, generate additional income or have a vacation place of your own, we are often drawn to homeownership at our favourite destination. Thanks to low interest rates and a stable economy, Canadians have the upper hand and the world knows it. However, homeownership in another jurisdiction means a slew of considerations that are complex and at times overwhelming. In the U.S., for example, there are estate tax issues that come up, and you may require a specially designed Trust to avoid Uncle Sam as a partner with you or your kids after death. There are issues of law if the country does not have a British system and if it’s run on civil or Napoleonic law; Martinique and St. Martin are examples. There may be other issues of property ownership such that foreign nationals may only be able to lease, not own. The next issues relate to the vendor. Are you purchasing from a reputable organization? If it is a condo, how are you sure the developer will be around if things go wrong? What guarantees are there on your deposits if they go broke and does not finish the project? It sounds like a lot to think about… but it was so easy to sign up during the tour. So, really, what are you buying? Are you buying a timeshare, outright ownership or a long-term lease? More and more questions. Here is a list of a few questions that need to be answered on a preliminary basis on a resort or new condo purchase before you make any offer: 1. Location – why are you choosing this location for a second home? 2. How much time will you spend in a typical year in your second home? 3. Will you typically bring friends and family? 4. What are the common fees and how are they set and controlled? 5. What are resales like for the development? 6. What is the legal structure and laws that apply in the country you are looking at purchasing? 7. Would you rent the property, and if yes, what are your expectations and needs on rental income? 8. What security is there for deposits and payments?

52 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

Here is the litmus test to go forward: A. How did the resort or sales centre answer those eight questions? B. Did they satisfy you with their knowledge and professionalism? C. Did they try to push you into signing something without the opportunity to consult with a lawyer? If those questions are answered to your satisfaction, then you know you are in the right place. If you have an intention to buy, make inquiries and find a lawyer, possibly a referral from your lawyer or friends at home. You need to understand the tax implications of a purchase, and more importantly, the tax impact if you sell for a profit or earn income. As an example, Barbados is a Canadian tax treaty partner and you may get favourable consideration on a capital gain or on rental income. Each country is unique and you need a lawyer or accountant to help you figure it all out. Buying a second home in a warm locale is a dream many Canadians share. If the deal is properly structured, the home you purchase can bring years and years of happy memories and quite possibly a great return down the road. Good luck.

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//IN THE NEWS

Edilcan freezes Development Charges at 2013 levels HOMEBUYERS AT TRIUMPH ENJOY SUBSTANTIAL COST SAVINGS IN FACE OF NEARLY 80-PER-CENT INCREASE TO MUNICIPAL DEVELOPMENT CHARGES Edilcan Development Corp., one of Toronto’s leading residential condominium builders, has taken a

bold step to cap municipal development fees for homebuyers at its One Valhalla Development, a masterplanned Etobicoke residential community consisting of condominium townhomes and three towers – Valhalla, Thunderbird and Triumph. To shield buyers from municipal Development Charge increases set to reach nearly 80 per cent by 2016 – a radical change in rates that would have increased closing costs for units by as much as $6,000 for one-bedroom suites and nearly $8,800 for two-bedroom suites – Edilcan took the unprecedented step of securing all necessary above-grade and foundation building permits, completing architectural drawings and paying required Development Charges and park levies earlier this year, prior to the first Development Charge increase. The developer’s financial leap of faith effectively freezes rates at 2013 levels. Edilcan’s move was significant because condominium Purchase and Sale Agreements specify that any increase in fees, such as park levies or Development Charges incurred from the time of initial receipt of deposit to the final closing, are the sole responsibility of the buyer. The final cost of a condominium property is ultimately determined by development charge rates at the point when above-grade construction permits are granted to a developer. Aware of the price sensitivity of many of its homebuyers, Edilcan acted to obtain these permits in advance of rate hikes and prior to commencing sales, even though 54 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

The following is the City of Toronto’s development fee increase schedule:

Schedule A: Adopted Rates and Phase-in Development type:

Nov 1/13

Feb 1/14

Aug 1/14

Feb 1/15

Aug 1/15

Feb 1/16

23%

15%

17,247

18,566

19,884

21,203

11,872

12,831

13,790

14,749

% Increase phased-in

32%

Residential ($ per unit) Apts 2+ Bedrooms

12,412

15,225

Apts 1 Bed and Bachelor

8,356

10,402

developers typically request permits and start construction only when a project is at least 75 per cent sold. Given the often-lengthy period between initial receipt of deposit and ground-breaking on a project, shifts in Development Charges can add thousands to the final price of a condo. As this area of Etobicoke experiences a mini condo boom, Edilcan is the only builder in the GTA able to provide this level of cost savings and added value to its homebuyers, while also helping to ensure potentially stronger home-value appreciation and resale profits. “Edilcan is extremely cognizant of the fact that homebuyers can’t afford thousands of dollars in extra costs related to increasing municipal development charges,” says Edilcan vice-president GianPiero Di Rocco. “Given our experience having already built two condominiums at this site, we felt comfortable taking swift action to effectively cap city Development Charges, ensuring there will be no further increases to our current or future purchasers at Triumph,” he adds. “We felt that assuming this kind of financial risk was the right thing to do in order to provide peace of mind to our new Triumph homebuyers.” The 29-storey, 298-unit Triumph building is currently in pre-construction sales and is more than 50 per cent sold. Occupancy is slated for late 2016 and prices begin in the low $200’s with parking and locker included. For more information about the One Valhalla Development, visit triumphcondos.com

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56 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

June 14 - 28, 2014

Showcasing new homes in the GTAâ&#x20AC;&#x2122;s central and north regions

IN THIS SECTION

>> Maps and listings for new-home communities in the central and north region >> Builder news and the latest in new homes in the central and north region

//THE TAX MAN

GEORGE E. DUBE,

CA, CPA, LLP, is a veteran real estate investor, author, and speaker on real estate accounting who is a partner in the firm, Dube & Cuttini Chartered Accountants LLP. He also developed the accountant in-a-box program for real estate investors, and is a member of the Real Estate Investment Network (REIN) Faculty. georgedube@dubecuttini.com

dubecuttini.com @dubecuttini.com 1.877.475.3823

TFSAs – take care with recontributions » by GEORGE E. DUBE For real estate investors, the tax-free savings account (TFSA) represents an opportunity to begin to assemble a war chest for future investments, while investing the funds on a tax-free basis. But be aware of recontribution rules – A costly mistake that 72,000 Canadians made in 2010. Generally speaking, your contribution room to a TFSA is set at $5,500 per year as of 2013, cumulative. So, after three years, you can contribute $16,500 to your TFSA in total, if you started in 2013. The beauty of the TFSA is you can take the funds out and recontribute the same amount without losing any contribution room. In other words, you can take $4,000

58 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

out, recontribute the same and invest on a tax-free basis within the TFSA. A catch is that the recontribution must be done in the next calendar year. Otherwise, it’s treated as an overcontribution and penalized significantly. FOR EX AMPLE:

2009 – $5,000 (contribution) 2010 – $5,000 (contribution) <$3,000> (withdrawal) 2011 – $3,000 + $5,000 (contributions) During the summer of 2010, Canada Revenue Agency recognized that a huge number of Canadians, 72,000 to be exact, misunderstood the rules which were generally thought to be poorly described to begin with. CRA provided leniency in most cases. But don’t expect this leniency in the future.

NOW OPEN! Out with the old, in with the new. For thirteen discerning homeowners, the high life in Richmond Hill will be posh + luxurious, modern + versatile.

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✚ Grand 8’ entry + interior doors on main ✚ Luxurious freestanding tub + frameless glass shower in ensuite ✚ Precision built, ENERGY STAR qualified for a comfier, healthier home

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//IN THE NEWS

NOW OPEN!

AURORA TRAILS in Aurora Aurora Mayor Geoff Dawe was the special guest of honour at a recent ribbon-cutting ceremony at Aurora Trails, marking the official launch of the spectacular new masterplanned community. Under sunny skies, Mayor Dawe cut the red ribbon, in the company of other town councillors and dignitaries, along with the four award-winning builders behind Aurora Trails. On the weekend of June 7 and 8, all four builders opened their sales centres to thousands of people who had already registered in advance to preview this prestigious new community. Arista Homes, Fieldgate Homes, Paradise Homes and Opus Homes are offering a huge selection of luxury singles, semis and townhomes, starting in price from the upper $400’s. Nowhere else in Aurora will you find four builders working together to offer such a spectacular range of homes. Prospective buyers were encouraged to browse at their leisure during the Open House weekend, but no offers to purchase were accepted. Instead, buyers were to go online beginning June 8 to arrange a purchase appointment with their builder of choice. Once there, they can talk to a sales representative and financing representative.

Aurora Mayor Geoff Dawe 60 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

The builders have been working many months, both individually and together to ensure that each new home design is fresh and innovative, with a choice of fabulous exterior elevations and family-friendly ﬂoorplan options. They’re all coming together in a community comprised of streetscapes that offer variety but also consistency, with homes that are all beautifully compatible with one another. The builders have also worked hard to develop their purchase appointment process, so that their buyers can avoid lineups and the high pressure atmosphere of many new community launches. Aurora Trails is a thoughtfully conceived master-planned community just minutes from Aurora’s best shopping, restaurants and entertainment, including schools, parks and golf courses. The neighbourhood is conveniently close to GO Transit and major highways for easy access to all points within the GTA. The Town of Aurora is committed to creating a healthy, vibrant and sustainable community for all of its residents… and the builders of Aurora Trails are as well. More than 40 per cent of the community will be set aside for public greenspace, including parklands, environmental protection areas, storm water management ponds, and linked greenlands with an extensive trail system winding its way throughout Aurora Trails. The portfolio of new homes at Aurora Trails has been designed to meet and exceed homebuyers’ expectations, in a family-oriented and pedestrian-friendly community that is a great place to move up to. For more information, visit auroratrails.com

U r b a n To w n s

c o m i n g s o o n t o Wo o d b r i d g e

Artistâ&#x20AC;&#x2122;s concept

La Viva brings elegance and sophistication to the heart of Woodbridge with a unique collection of urban townhomes designed with style and your most wanted features. Here, in the well-established and prestigious community of Woodbridge, youâ&#x20AC;&#x2122;ll find great shopping, exceptional dining, schools, conservation areas and golf courses, all awaiting your arrival. Best of all, with the subway extension now underway, you be just 35 minutes from Toronto.

WOODBRIDGE

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

//IN THE NEWS

CANADIANS STILL OPTIMISTIC

about housing market: BMO

According to the 2014 BMO Housing Confidence Report, 44 per cent of homeowners intend to buy a property in the next five years. This represents a slight drop from 2013, but still signals a high level of confidence in Canada’s housing market – particularly among those under 30 years of age.

However, results vary widely in Canada’s major city centres: » I ntent to buy has surged in Montreal, with 63 per cent planning to purchase a property in the next five years – up 13 points from last year » Half of those in the Greater Toronto Area (51 per cent) plan to buy in the next five years, a decline of eight points from 2013 » Further west, intent to buy in Calgary is up five points to 54 per cent, while Vancouver is down four points to 54 per cent » A fter seeing an increase of 15 points last year, Atlantic Canada dropped notably; intent decreased by 18 points to 29 per cent. “The dip in overall intent could reflect expectations of higher interest rates, while the drop in the GTA likely reflects concerns about valuations and a possible price correction,” says Sal Guatieri, senior economist, BMO Capital Markets. “The improvement in buyer confidence in Montreal should help to absorb a moderate overhang of condos in that market.” After seeing an improvement in affordability between fall 2012 and spring of last year, this measure has flattened in 2014, with 45 per cent of homeowners cutting back or dipping into their savings to pay their mortgage. “Seeing consistency in terms of affordability year over year is encouraging, however, interest rates are likely to begin moving up in the near future, resulting in households potentially facing some strain down the ...continued on pg 64

62 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

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Register Now at MarydelHomes.com Renderings are artist’s concept. Prices & specifications subject to change without notice. E. O. & E. 63

PRICE SENSITIVITY AND EXPECTATIONS: HOMEOWNERS EXPECT MODEST INCREASES IN PROPERTY VALUE

›N ationally, a 15-per-cent rise in

road,” says Sameh Elrefaei, head of mortgage products, BMO Bank of Montreal. “It’s important that Canadians make responsible choices when financing their home, and part of that is stress testing against a higher rate to ensure affordability remains stable.” Elrefaei adds that for Canadians looking to buy a home – particularly first-time buyers – choosing a fixed rate mortgage and a lower amortization period can help to increase financial stability. The report, conducted by Pollara, tracks confidence in Canada’s housing market among Canadian homeowners by measuring intentions to buy or sell, price expectations and overall mortgage affordability. YOUNG CANADIANS MOST LIKELY TO BU Y; INVESTMENT PROPERTIES MORE ATTRACTIVE IN 2014

›O verall, intent to buy a property is highest among younger Canadians. Three› ›

quarters (75 per cent) of those between the ages of 18 and 29 plan to buy in the next five years, along with 67 per cent of homeowners aged 30 to 39. W hile more than half (54 per cent) of those considering a property purchase in the next five years are looking at houses, this is down eight points from 2013. Subsequently, the intention to buy a condo is up five points to 22 per cent. A s with 2013, 10 per cent of those planning to buy are looking at recreational properties. Meanwhile, nine per cent plan to purchase an investment property, up three points from a year ago.

12 Month Price Expectations (Per Cent) Spring 2014 Spring 2013

›

PERCENTAGE OF MORTGAGE HOLDERS DIPPING INTO SAVINGS DECREASES IN 2014

› Th e number of those dipping into

›

R EGION NAT IONA L

BC A B M B/SK ON QC AT L MON T GTA CA L

VA N

+2.3

+1.8 +3.0

+3.0

+2.9 +1.3 +2.4

+0.3

+3.1 +3.5

+1.6

+2.2

+1.2 +1.9

+3.0

+2.4 +2.2 +2.5

+2.5

+2.4 +2.1

+1.5

64 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

prices would dampen plans to buy in the next five years by eight points (44 per cent to 36 per cent), showing that property values would have to rise sharply for long term buying intent to cool significantly O n average, homeowners expect property values to grow by 2.3 per cent in the next year, and 13.2 per cent over the next 10 years.

›

their savings to afford their mortgage payments in the past year has decreased by three points to 12 per cent. Furthermore, this measure has decreased by five points since 2012. A dditionally, the total percentage of mortgage holders needing to cut spending to make their payments has stayed flat year over year. H owever, mortgage holders who have needed to cut appear to be doing so in the appropriate places, with a four-point increase in those decreasing their spend on vacations.

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IT’S ALL ABOUT FINDING THE RIGHT BALANCE AND A PLACE TO LOVE With a population of 5,000, Sutton is a closely knit community and part of the Town of Georgina. The town of Keswick is just a 10-minute drive where you’ll find big box retailers such as Wal-Mart, Home Hardware, Food Basics, Fresh Co. and other retailers to satisfy all your shopping needs. It’s all just minutes from Highway 48, and minutes from the new 404 extension at Ravenshoe Rd., with Toronto less than 40 minutes to the south.

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//IN THE NEWS

Friday Harbour SALES CENTRE NOW OPEN

Friday Harbour Resort on Lake Simcoe has officially opened a new sales centre in Vaughan. Visitors can now tour the pavilion situated on the property of Eagles Nest Golf Club at 10,000 Dufferin St. in Maple. The relationship between Eagles Nest and the 18-hole championship course (called The Nest) – both of which were designed by Doug Carrick – was a key factor for locating the new sales centre. “In addition to magnificent golf and dining, Eagles Nest has a high level of customer service – all of which helps our buyers to envision what we are creating at Friday Harbour,” says Earl Rumm, spokesperson for the resort. “We also wanted to bring the resort experience to a location that is convenient and accessible for the majority of our purchasers who reside in the GTA.” The Nest is currently being built at Friday Harbour in Innisfil, just south of Barrie. At the sales centre, the expanse of the 600-acre community is easily understood, with the aid of a 12-by-eightft. topographic scale model. The model itself took more than 1,000 person-hours to complete, and is a true representation of the entire resort. Using key lighting within the model, visitors will see the positioning of all the amenities and their relationship to each other. Press one button and the golf course will light up; another will focus on the marina with up to 1,000 boat slips, as well as the shops and restaurants along the waterfront. Friday Drive, the main road into the resort, is shown winding through the 200-acre nature preserve towards the resort homes and the marina village, which is destined to become the hub of the new community. Other highlighted areas are the new sand beach with volleyball nets and designated swimming area; the beach n’ tennis club; and the

Lake Club with beautiful infinity swimming pool overlooking the lake. These areas and the wide variety of planned activities and entertainment will combine to make Friday Harbour a true all seasons resort. In a separate room, a second scale model displays the first phase of the Boardwalk Condos and Harbour Flats and their connection with the shops, galleries, restaurants and cafes that will line the harbour. This model illustrates the building architecture and exterior materials, depicting indoor and outdoor living spaces and landscaping at a high level of detail. The sales centre is designed and furnished by Dee Dee Taylor Eustace, of Taylor Hannah Architect Inc. (with offices in Toronto and New York City). Taylor Eustace has interpreted the look and feel of the finished resort – both inside and out – drawing on her familiarity with The Hamptons. Materials that will adorn Friday Harbour’s buildings are used to face the exterior. Inside, fully detailed room settings are composed of a rustic, seaside theme blended with stylish, contemporary elements. A deep blue/gray was specifically chosen as the signature colour to anchor all the major components of Friday Harbour. The room vignettes combine soft greys, whites and textures. The galley kitchen is stylish with flat-fronted modern cabinetry, stainless steel appliances and a bar-height counter – the perfect space to cook and entertain. Furniture on display, also designed by Taylor Eustace, will be offered as a simple upgrade package to purchasers who are seeking a turnkey option. In conjunction with the opening of the sales centre, the first release of the spectacular Marina Towns and Island Towns will be made available. These new towns expand the range of purchase options, which includes Boardwalk Condominiums along the waterfront and Harbour Flats nestled behind. Marina and Island Towns come with a private boat slip, a garage and two or three levels of living space, depending upon model selected. Marina and Island Towns start from the upper $700,000s and range from 1,498 to 4,601 sq. ft. Boardwalk Condos and Harbour Flats range from 433 to 1,582 sq. ft. with prices from the mid $200,000s to the low $800,000s. The sales centre is located at 10,000 Dufferin St. (just north of Major Mackenzie). Visit fridayharbourresort.com or call 647.351.0991 or 1.855.351.0991. Hours are Weekends 10 a.m. to 6 p.m.; Tuesday to Friday 11 a.m. to 7 p.m. and by appointment on Monday.

66 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

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| mancinihomes.ca | info@mancinihomes.ca

//INSURANCE NEEDS & OPTIONS

Four things Canadians would rather do than think about insurance When it comes to thinking about insurance, new research has found that there are a lot of unpleasant tasks Canadians would rather do in place of researching coverage options. A recent survey commissioned by TD Insurance found that 62 per cent of respondents would prefer to shovel snow, spend a Saturday doing laundry, go to the dentist or even wait in an airport security line rather than think or talk about insurance coverage. The national survey also explored Canadians’ ability to estimate risks and the likelihood of certain events. The findings indicate that as a group, Canadians generally underestimate risks. For example, the survey found that 81 per cent of participants underestimated the likelihood of a home break-in, which is about 1 in 200 according to Statistics Canada. Furthermore, two-thirds (67 per cent) of those surveyed reported seeing themselves as more safety conscious than the rest of the population, even though statistically this can’t be the case. “When the probability of risks are not well-known it can be difficult to seek out insurance coverage that offers

68 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

the right protection,” says Craig Richardson, vice-president at TD Insurance. “We encourage customers to talk to their insurance providers to better understand their coverage. We strive to help customers weigh options against risks and factor in the necessary considerations to choose coverage that best reflects their needs.” The survey found that respondents were as likely to overestimate potential risks as they were to underestimate them. Asked to predict the chances of being injured, even slightly, in an auto accident in a typical year, 36 per cent underestimated the likelihood but 30 per cent overestimated. According to Transport Canada statistics the odds are approximately 1 in 130. “Studies have shown that many people prefer to avoid thinking about negative situations, even if they believe those situations are likely to happen,” says Dr. Edwin Weinstein, a psychologist and president of the Brondesbury Group who advised TD on its research for this initiative. “Shopping for insurance is one of those times in life where you’re forced to think about situations you would rather avoid. It’s not surprising that people would choose to shovel snow than consider the possibility that unpleasant things can happen.” The results also showed risk assessments differ across gender and age groups. For example, men were more likely than women to identify themselves as above average in safety consciousness and health. Almost three quarters of men (72 per cent) said they were more safety conscious than others, whereas only 62 per cent of women made the same claim. And, at 53 per cent, men were also more likely than women to believe they were healthier than others their age – only 44 per cent of women identified themselves as having above average health. Interestingly seniors over 65 years of age were the group most likely to rate themselves healthier than others their age, with 65 per cent choosing this option. “It’s great to have a positive outlook in life, but it’s also important to be prepared,” says Richardson. “Our advice is to expect the best, but plan for bumps in the road. For example creditor protection insurance – on a mortgage, car loan or even a credit card – can help ensure one doesn’t default on a loan in the case of a life event that makes it difficult to make payments.”

The Great

Townhome Event IN TOTTENHAM TOWNHOMES from

299

,990 THE STONEHAVEN. ELEVATION A 1,481 SQ.FT.

R FLOO UND GRO TION A A ELEV

Our Standards are other builder upgrades ALL OUR TOWNHOMES INCLUDE:

LOOR ND F SECO TION A A ELEV

✔ Stainless Steel Fridge, Stove and Dishwasher ✔ 9 Foot Ceilings (on main level) ✔ White Front Load Washer/Dryer ✔ Gas Fireplace ✔ 3” Natural Oak Hardwood in Family Room ✔ Cold Cellar

1-855-232-8100 • millstreethomes.com SALES OFFICE HOURS: Mon-Thurs: 1-8pm, Fri. – closed, Sat., Sun. & Hol.: 11am – 6pm Prices and specifications are subject to change without notice. All renderings are artist’s concept. E. & O. E. *Only applicable on the purchase of a townhome. **See sales representative for details.

TOT T E N H A M

//INSURANCE NEEDS & OPTIONS

DO YOU NEED

mortgage loan insurance? Buying a new home and not sure if you need mortgage loan insurance? Well, if you’re making a down payment of less than 20 per cent of the purchase price (what’s known as a high-ratio mortgage), your lender will almost certainly require you to have mortgage loan insurance. What many consumers don’t realize, however, is that this insurance doesn’t protect you, the homeowner – it protects your lender against mortgage default. But since the mortgage is insured – essentially guaranteed by Canada Mortgage and Housing Corp. – this program also enables consumers to purchase homes with a minimum down payment of five per cent.

What many consumers don’t realize, however, is that this insurance doesn’t protect you, the homeowner – it protects your lender against mortgage default. 70 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

Mortgage loan insurance is not to be confused with mortgage life insurance, which guarantees that your remaining mortgage at the time of your death will not be a burden to your estate. The CMHC Mortgage Loan Insurance premium is calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums. If you’re putting down five per cent as a down payment and mortgaging the balance, your loan-to-value (LTV) ratio is then 95 per cent. Generally speaking, the higher the LTV, the greater the premium for mortgage loan insurance. For example, for an LTV of 95 per cent, the standard premium is 2.75 per cent of the purchase price; for an LTV of 90 per cent, it’s two per cent; for an LTV of 85 per cent, the premium is 1.75 per cent, and so on. The premium can be paid in a single lump sum or it can be added to your mortgage and included in your monthly payments. Without mortgage insurance, you may avoid the insurance premium, but you could also pay higher interest rates for the mortgage, as well as additional administrative fees. At the end of the day, for the vast majority of borrowers, the cost of CMHC Mortgage Loan Insurance is more than fully offset by the savings achieved. Under the CMHC Green Home program, buyers may qualify for a 10-per-cent premium refund and extended amortization period without surcharge, for mortgages used to finance an energy-efficient home. For more information, visit cmhc-schl.gc.ca

How much will you your NEW HOME in Keswick?

Bungalow and 2-Storey Designs Close to schools and amenities Prices and speciﬁcations subject to change without notice. E.&O.E. X Downtown Barrie

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grandviewhomesnorth.com 705-735-0732

Lake Simcoe

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Sat. & Sun. 12 - 5pm Mon.-Wed. 12 - 6pm Thurs., Fri. & Hols. by Appointment

SALES CENTRE HOURS

a nd

Limited time of with the purc fer. Offer only valid Mayberry Esta hase of a home at tes. RepresentativeSpeak to a Sales for details.

Only 30 minutes to Markham!

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FREE UPGRADES* * in

Single Family Homes on 40', 50' & 52' lots (many on Greenspace lots)

7,500

10 minutes to Green Lane GO Station

Ess

$459,900

Walk to the Marina and Waterfront

Wright Dr.

starting at

Grandview Homes’ Quality & Craftsmanship

7 HWY 2

ENCLAVE of LUXURY HOMES

BARRIE

2 Auburn Court, Barrie, Ontario

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Sheppard Ave E

Passmore Ave

401 53 26

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

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

n Dr orto

Brim

Galloway Rd

t Rd

Main St

Gerard St

Manse Rd

rlet

Logan Ave.

Danforth Ave.

Sheppard Ave E Milner Ave

Progress Ave

Lawrence Ave E

Eglinton Ave E

St Clair Ave E

401

Centennial

Lakeshore Blvd W

Keele St. Dundas St. W.

Ossington Ave. Dovercourt Rd.

Horner Ave

Spadina

Evans Ave

Christie St. Bay St. University Ave.

Queen St. W. 58 King St. W. 49 Front St.

Yonge St

QEW 4

Don Valley Pkwy

QEW

Yonge St.

Bloor St.

Cosburn Ave

O'Connor Dr.

Woodbine Ave

Queensway

Bathurst St.

14Dupont St.

Avenue Rd

Dufferin St

Davenport Rd.

Laird Dr

Dundas St W

Sca

Pharmacy Rd Victoria Park

Allen Expressway

Warden Ave

St Clair Ave.

Dufferin St

Va u

Ave E

Birchmount Rd

80 Rogers Rd

Leslie St Eglinton

Ellesmere Rd

Huntingwood Dr

Finch Ave E

McCowan Rd

Bloor St W

ng s

Bathurst St

Eglinton Ave W

Briar Hill Ave

y Pkwy

Eglinton Ave W

d kR y

Caledonia Rd

to n

ew e

Keele St

W es

13 Steeles Ave.

McNicoll Ave

Bellamy Rd

Rathburn Rd

Weston Rd

Tre th

Brimley Rd

Th e

k lac

Ave Lawrence Ave E

Don Valle

Westway

York Mills

401

Sheppard Ave E

East Ave

Kipling Ave

Dixon Rd

Markham Rd

Martin Grove Rd

401

Finch Ave W

Drewry Rd

Pleasant Ave

Scarborough Golf Rd

Islington Ave

pressway

Jane St

Wilson Ave

Bayview

401

400

Mills

409

Don

Kennedy Rd

427

Signet Dr

Orton Park Rd

Humberline Dr

Re x

Allen Ex Midland Ave

Dufferin St

Finch Ave W

ion

Alb

McCowan Rd

Toronto, Etobicoke, York, North York, East York, Scarborough

Alness St

central region:

Tapscott Rd

Morningside Ave

Neilson Rd Morrish Rd

Sewells Rd Conlins Rd

Reesor Rd

Beare Rd

Meadowvale Rd

Da n

72 Port Union Rd

Coxwell Ave

Pape Ave.

Parliament St Sherbourne St Jarvis St.

Dufferin St

Lansdowne Rd.

Roncesvalles Ave.

Jane St

Park Lawn

Royal York Rd

Renforth Dr

Goddard on the valley

416-630-5039

•

from $650,000

39 7B

Fieldgate Homes

IMPRESSIONS

905-893-9500

•

• •

from $522,000

Insert & 25 5F

Fieldgate Homes

90 Niagara

416-981-0036

•

from $318,000

Insert & 25 7H

National Homes

The Townes of Richview

416-746-1234

•

from $570,000

37 3E

Mattamy Homes

Downsview Park

mattamyhomes.com

from $320,000

BC 6C

Menkes

Humber Mews

416-255-7468

•

from $480,000

7 3I

Menkes

Dwell city town

416-259-2525

•

from $350,000

7 3I

Menkes

Bloom Park Towns

416-730-1600

•

from $320,000

7 8B

Batavia Homes

Goddard on the valley

416-630-5039

•

from $650,000

National Homes

The Churchill Collection in Forest Hill 416-922-1414

•

from $1390,000

Arista Homes

IMPRESSIONS

impressionskleinburg.com •

• •

from $525,000

Paradise Homes

IMPRESSIONS

impressionskleinburg.com •

• •

from $525,000

Georgian Corporation

Lex Towns

416-428-3419

•

• •

from $495,000

12G

Tiffany Park Homes

Westhaven

416-792-6655

•

from $633,000

Graywood Developments Ltd

Westhaven

416-792-6655

•

from $633,000

Coventry Homes

Danforth’s Crossing

416-924-8338

•

from $450,000

12G

Fieldgate Homes

The Brownstones at Westown

lidvest.com

•

from $330,000

Emsatec Canada Inc.

The Brownstones 5

416-531-7760

•

from $350,000

Lindvest Properties

The Brownstones at Westown

lindvest.com

•

from $330,000

Lindvest Properties

Grand Cornell Brownstones in Markham lindvest.com

•

from $340,000

Lindvest Properties

Corporate

lindvest.com

•

from $195,000

Tribute Communities

Canterbury

647-352-2130

•

from $767,000

Insoho Developments

Highland Creek Collection

ownhighlandcreek.com •

•

from $620,000

17D

Dunpar Homes

The Ossington

416-253-5888

•

from $700,000

Beaverbrook Homes

Evolution

416-747-9691

• from $270,000

Conservatory Group

Port Union

416-287-3128

•

Pemberton Group

Park Lake Residences

416-769-4343

H&R Developments

Westown

Monarch Corporation

Builder

Site

Tel

Price Range

Page No.

from $520,000

18E

• from $180,000

hr-newhomes.com •

•

• from $190,000

Evergreen

416-495-3526

•

from $470,000

14F

Aspen Ridge Homes

Scenic On Eglinton

416-805-1781

•

from $190,000

10F

Tribute Communities

RCMI

416-363-4800

Fieldgate Homes

Corktown Mews

corktownmews.ca

•

from $550,000

Mattamy Homes

Cornell

mattamyhomes.com •

•

from $390,000

Aspen Ridge Homes

Seventy Seven Charles

416-203-7034

• • from $2100,000

Your Home Developments

Nature’s Path

647-340-6972

•

from $280,000

17E

Arista Homes

Lilly Factory Towns

416-792-4872

• •

from $395,000

12G

Decade Homes

Yorkdale Village

416-638-5656

•

from $250,000

Sundance Homes

Braeburn Lane

sundancehomes.ca •

from $430,000

15D

• from $324,000

central region:

Arista Homes

Toronto, Etobicoke, York, North York, East York, Scarborough

Fi Map nd er

De ta Se ch m ed To i w n Co hom nd e o

# Si te

Steeles Ave W

Kipling Av

ence

Clar 7

Isl on 48

t ing

Huntington

Langstaff Rd

Major Mackenzie

Teston Rd

400

9 King Rd

Rutherford Rd

Maple

25 5

Centre St

Thornhill

Clark Ave W

33 28

23 16

31 44 7

Langstaff Rd

Keele St

King-Vaughan Rd

Weston Rd

Kirby Rd

Dufferin St

City of Vaughan

Pine Valley

Nashville Rd

Jane St

Cold Creek

central region: Vaughan, Maple, Woodbridge, Thornhill

Hwy. 27

Bathurst St

e Av

12 Line R

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

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

Tel

Price Range

Page No.

Aspen Ridge Homes

Upper West Side

uwscommunity.com •

from $1000,000

5 14D

Conservatory Group

Upper West Side

uwscommunity.com •

from $1000,000

5 14D

Country Wide Homes

Upper West Side

uwscommunity.com •

from $1000,000

5 14D

Regal Crest Homes

Upper West Side

uwscommunity.com •

from $1000,000

5 14D

Townwood Homes

Upper West Side

uwscommunity.com •

from $1000,000

5 14D

Primont Homes

Renaissance Townes

905-770-7002

•

from $550,000

12 8D

Lormel Homes

La Viva

lavivatowns.com •

61 5J

Fieldgate Homes

Vaughan Valley Estates

905-303-4728

•

from $1332,000

Insert & 25 9F

Madison Homes

Thornhill

905-417-1203

•

from $1100,000

11 14g

Country Wide Homes

Kleinburg Hills

KleinburgHills.com

•

Aspen Ridge Homes

Kleinburg Hills

aspenridgehomes.com •

Tribute Communities

Gates of Nobleton

647-633-3500

•

from $850,000

Tiffany Park Homes

Valleybrooke Estates

905-303-1620

•

from $870,000

Arista Homes

Vellore Woods

aristahomes.com •

from $690,000

Arista Homes

Vaughan Valley Estates

905-303-1929

•

from $800,000

Dunpar Homes

Riverside Village

416-253-5888

•

from $519,000

Country Wide Homes

The Point at Woodbridge

905-907-1500

•

from $700,000

Country Wide Homes

Upper Thornhill Estates

905-907-1500

•

from $900,000

14E

Beaverhall Homes

Regency Estates

905-265-2634

•

from $1301,000

Graywood Developments Ltd Regency Estates

905-265-2634

•

from $1250,000

Aspen Ridge Homes

King Oaks

905-539-0181

•

from $1100,000

12A

Great Gulf

King Oaks

905-833-6413

•

from $1300,000

12A

Zancor Homes

Royal Collection

905-833-0883

•

from $550,000

12A

Treasure Hill Homes

Thornhill Woods

treasurehill.com •

from $950,000

13g

Fieldgate Homes

Rivers Edge

905-320-5642

•

• •

from $730,000

Oskar Group

Le Sedici

lesedici.com

from $600,000

10E

central region: Vaughan, Maple, Woodbridge, Thornhill

Site

M Fi ap nd er

Builder

De ta Se che m d To i w n Co hom nd e o

# Si te

7 22 Rd King 20 3

oad

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S rson Jeffe

15 16 14

19th

nzie

ath Str

acKe

rM Majo

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dr Wel

16th

. Ave

404

am Denh Dr

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Bathur

central region: Richmond Hill

ick R

Q R

Mill

Leslie

Neal D

ent

ills R

nM Elgi

Reg

404

d Yorklan

Gam 1

Ave.

ble R

404

St Yonge

Bloo

road

Side

Ave

on ingt

Bayview

Leslie S

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

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

Page No.

Heathwood Homes

Hampshire Mews

416-637-3520

from $465,000

51 5I

Highmark Homes

Nuvo

647-206-2276

•

from $1100,000

59 2E

14 Arista Homes

Jefferson Forest

jeffersonforest.ca •

•

from $586,000

29 4H

15 Madison Homes

Jefferson Forest

jeffersonforest.ca •

•

from $586,000

29 4H

15 Forest Hill Homes

Jefferson Forest

jeffersonforest.ca •

•

from $586,000

29 4H

16 Fieldgate Homes

Jefferson Forest

905-884-8017

•

from $586,000

Insert, 25 & 29 4H

Pemberton Group

The Royal at Bayview Glen

905-709-5700

Centra Homes

The Mills Collections

416-238-2404

•

from $940,000

Aspen Ridge Homes

Kettle Lakes Club

289-231-2849

•

from $550,000

St. Regis Homes

Mission Hill on Bayview

905-884-8885

from $850,000

Fieldgate Homes

The Humberlands

905-773-7738

•

from $850,000

20 North Star Homes

King’s Crossing

416-291-9666

•

from $530,000

22 Yorkwood Homes

Hillside Manors

905-770-4662

•

from $472,000

26 Arten Development Group

The Manors of Roseview Grand

roseviewgrand.com

• •

from $650,000

27 Acorn Homes

Oak Knoll

905-773-9257

from $622,000

•

• from $190,000

Richmond Hill

Tel

central region:

Site

Fi M ap nd er

Builder

De ta Se che m d To i w n Co ho n d me o

# Si te IFC-Inside front cover

les A

e Ave

Hend

Thornhill ve E

grove

Stee

in Woodb

Alder

John St

Van

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404

8 Hwy. 4

Denison

nald

ve 14 A

McDo

11 Con

Sid dorf

d St

Hwy 7

Edwar

Hwy 7

Dr lock 61 Bul y7 Hw

404

Town of Aurora

404

tE on S ingt

22 Well

's S

hn St Jo

d. ide R

w Ave.

Ave

Bayvie

404

dy Rd

Kenne

ard

Orch

Gor

S ham

le ffvil Stou

r Side

oad

17 20

Milla

rd St

34 86 85

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

ve 19 A

ider da S

Rd ton ming Bloo

oa d

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

404

oad

es Beth

r Side

hn's St Jo

n Rd Vivia

Rd lbert 54 Mt A

orf d Van

a Rd or Aur

of Town chhur c e it Wh f ville Stouf

an Rd

McCow

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Leslie S

ve 16 A n Rd r a C lto

n Rd

64 4

a McCow

hts Heig

Town of Newmarket

ock

Mul

Spruce

404 y 31 Pkw 81 het Cac

Main S le Dr ymervil

53 52 8 42 12

9 Line

or M

cessio

Maj

10 Con

t gle S

Elgin D avis

n Elgi

Bayview Av

Town of 50 Markham

ane

L reen

14 44 1 55 7

e Ave

6 35 57 41 11 70

in Woodb

nzie 5 acke

y Rd

Kenned

sR Mill

McCow

ve 18 A

v 19 A

an Rd

Ave Warden

Thornhill

Town of Markham

Town of WhitechurchStouffville

t Yonge S

Town of Aurora

Town of Newmarket

St N

central region: Markham, Aurora, Newmarket, Whitchurch-Stouffville

Main

n Rd

78 cessio

Al d

9 Con

cessio nR

erson

Ave

S Yonge

Tel

Price Range

Page No.

Mattamy Homes

St. John Forest

mattamyhomes.com

from $358,000

9 13E

Fieldgate Homes

The New U

905-477-6464

• •

from $593,000

Insert & 25 5G

Primont Homes

Heirloom in Markham

905-770-7002

• •

from $450,000

13 7f

Country Wide Homes

The Arbors

905-907-1500

•

47 14F

11 Madison Homes

Greensborough

14 Aspen Ridge Homes

madisonhomes.ca •

•

Woodland Hills

416-270-9484

•

from $450,000

IFC 9C

15 Fieldgate Homes

Aurora Trails

auroratrails.com •

•

from $520,000

Insert & 25 13E

20 Fieldgate Homes

BlueSky Stouffville

905-640-0002

30 Madison Homes

Cornell Rouge

cornellrouge.com •

•

30 Forest Hill Homes

Cornell Rouge

cornellrouge.com

•

from $520,000

43 8f

50 Geranium Homes

Uptownes at Cardinal Point

905-640-9999

•

from $365,000

30-31 7F

Marydel Homes

Woodland Hills

905-898-7380

•

from $400,000

10B

Beaverbrook Homes

The Terrace On Rouge Creek

905-640-7360

• •

from $390,000

17F

Arista Homes

The New U

905-534-1564

•

• •

from $550,000

Paradise Homes

The New U

905-477-0317

•

• •

from $550,000

Starlane Home Corporation The New U

905-534-0493

•

• •

from $550,000

Treasure Hill Homes

Accolades in Markham

905-471-2852

from $500,000

LeBovic Homes

Bovaird Trail

905-640-7361

•

• •

from $2597,000

14H

Country Wide Homes

Wismer Commons

905-907-1500

•

from $450,000

Brookfield Homes

The Arbors

905-503-0992

•

from $590,000

14F

10 Briarwood Homes

Havelock Town Manors

289-301-0077

•

from $569,000

12 Laurier Homes

windsong

905-201-5979

•

from $495,000

12 Laurier Homes

Windsong North

905-201-5979

•

from $598,000

13 National Homes

Stonehaven

416-746-1234

•

from $570,000

12D

15 Arista Homes

Aurora Trails

auroratrails.com •

•

from $400,000

13E

15 Paradise Homes

Aurora Trails

auroratrails.com •

•

from $400,000

13E

15 OPUS HOMES

Aurora Trails

auroratrails.com •

•

from $400,000

13E

17 Conservatory Group

Heritage Estates

905-640-2274

•

from $283,000

18E

18 Kylemore Communities

Angus Glen West Village

905-887-9950

•

from $2000,000

20 Starlane Home Corporation BlueSky Stouffville

starlanehomes.com •

from $434,000

18F

24 Ballantry Homes

Cornell

ballantryhomes.com •

•

from $520,000

28 Preston Homes

Copper Hills

905-954-4050

from $500,000

14d

•

from $650,000

11 7F

25 18f 11 & 43 8F

30 Madison Homes

Forest Hill

cornellrouge.com

from $400,000

41 Aspen Ridge Homes

Upper Cornell

905-554-3446

•

from $495,000

42 National Homes

Wismer Woods

416-746-1234

•

• •

from $680,000

50 Geranium Homes

The Neighbourhoods of Cardinal Point 905-640-9999

•

from $575,000

50 Geranium Homes

Cardinal Point Downtown Stouffville 905-640-9999

•

from $600,000

50 Geranium Homes

Copperstone Ballantrae

905-640-9999

•

from $1.1,000

50 Geranium Homes

Uptownes at Cardinal Point

905-640-9999

•

from $365,000

51 Oxford Homes

Coventry Valley

905-836-8902

from $600,000 9C

52 Fieldgate Homes

Potter’s Bend

905-294-3125

•

from $700,000

53 H&R Developments

Castle Square

hr-newhomes.com

•

54 Beaverbrook Homes

Victoria Highlands

416-924-0110

•

from $450,000

16B

55 Country Wide Homes

Woodland Hills

905-907-1500

•

10C

59 Primont Homes

Harmony

905-305-8871

•

62 North Star Homes

Mill Fair Village

NorttStarHomesInc.com

•

from $500,000

64 Starlane Home Corporation Upper Unionville

905-534-0493

•

• •

from $520,000

64 Paradise Homes

Upper Unionville

905-477-6464

•

from $520,000

65 Fieldgate Homes

Victoria Manor

905-294-3125

•

from $896,000

66 Treasure Hill Homes

Aurora Woods on Bayview

905-727-5794

•

from $769,000

13H

85 Orchard Ridge Homes

Prairiewood

orchardridgehomes.com •

from $800,000

16F

86 Cherrywood Homes

Glengrove on the Park

905-640-7571

• •

from $250,000

18E

•

central region: Markham, Aurora, Newmarket, Whitchurch-Stouffville

Site

M Fi ap nd er

Builder

De ta Se che m d To i w n Co hom nd e o

# Si te

Mono Adjala 14

King

Schomberg

Keswick

Georgina

k La

im eS

East Gwillimbury

45 34 70 400 16 5 Bradford

Tecumseth and Tottenham65 71

Beeton

Hwy 5

Shelburne

Alliston61

Essa

400

37 55

Barrie

Oro

Orillia

Lindsay

Uxbridge

Cannington

7 3

Scugog

Oshawa

401

400

ark

Map

30 wD levie

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

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

on P

Bay

Mols

Big

e Av tle Lit Yo ng eS t t Rd Poin

Steel St

Lakesh ore Burton Av Dr e

400

lop

Newcastle

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400

Vespra

90 48 Lisle 44 7 Angus

Sunnidale

Tosorontio Everett

43 34 39

Wasaga Beach

Bracebridge

n Vetera

60 41

Tay

400

irv

Midland

Huron Rd

iew

Thornbury

Georgian Bay

t tS

1 St.

Barrie, Collingwood, Wasaga, Innisfil, Keswick

th St

80 Duckwor

north region:

nc Vi ia Rd

Price Range

Page No.

West Ridge Place Orillia

905-773-9997

•

67 8C

Grandview Homes

Mayberry Estate

705-735-0732

•

from $460,000

71 6G

15 Marydel Homes

Seven Meadows

marydelhomes.com •

•

from $290,000

65 10F

16 Great Gulf

Summerlyn Village

905-775-3461

•

from $470,000

35 7I

17 Brookfield Homes

Grand Central

905-778-0873

•

from $535,000

16 8I

71 Briarwood Homes

Mill Street Village

1-855-232-8100

• •

from $300,000

69 7J

71 Ballymore Homes

Mill Street Village

1-855-232-8100

• •

from $300,000

69 7J

Pacific Homes Limited

MarlLake Village

1-877-428-5115

•

from $210,000

Red Berry Homes

MarlLake Village

1-877-428-5115

•

from $210,000

Delpark Homes

Cedar Ridge

905-722-7210

•

• •

from $275,000

Losani Homes

Summit Shores

losanihomes.com/readybuilt

from $390,000

Mancini Homes

Princeton Woods

705-730-1978

•

from $330,000

14E

National Homes

The Forest

416-746-1234

•

from $490,000

Mariposa Homes

Trailside

705-329-3330

•

from $249,000

Fandor Homes

Hamptons on Big Bay Point

705-792-6807

•

from $250,000

18D

Grandview Homes

Big Bay Point

705-735-0732

•

from $355,000

13E

11 Ballymore Homes

Lakeside Meadows

1-877-455-0201

•

from $290,000

11 Ballymore Homes

Lakeside Meadows

1-877-455-0201

•

from $293,000

12 Previn Court Homes

Victorian Village

1-855-777-3846

•

from $325,000

13 Averton Homes

Victoria Highlands

416-924-0110

•

from $450,000

13 Rosehaven Homes

Victoria Highlands

416-410-0175

•

from $580,000

14 Rosehaven Homes

King Country Estates

905-558-0098

•

from $700,000

14 Aspen Ridge Homes

King Country Estates

905-558-0255

•

from $780,000

14 Country Wide Homes

King Country Estates

905-907-1500

•

from $750,000

17 Brookfield Homes

Grand Central

905-778-0873

•

from $515,000

24 Kaitlin Corporation

Blue Shores

1-866-625-2583

•

from $380,000

32 Country Homes

Alcona by the Lake

1-866-531-3424

•

from $300,000

33 Sandiego Homes

Lakeside Living in Innisfil

705-436-5445

•

from $285,000

37 Pristine Homes

Pebbleshores

705-436-5547

•

from $240,000

39 Stonebridge Building Group Stonebridge by The Bay

1-877-420-0880

•

from $200,000

40 Royalpark Homes

Emerald Forest

royalpark.com

•

from $200,000

41 Delpark Homes

Pretty River on Georgian Bay

1-888-257-1999

from $298,000

43 Bremont Homes

Centretown

1-877-855-1122

•

from $234,000

44 RAYMAC Homes

Brennan Enclave

705-516-0681

•

from $252,000

44 Brookfield Homes

Treetops

1-855-590-3577

•

from $350,000

44 Orchard Ridge Homes

Treetops

1-855-590-3577

•

from $350,000

45 Rosehaven Homes

Dreamfields in Bradford

416-410-0175

•

from $300,000

45 Regal Crest Homes

Dreamfields in Bradford

dreamfieldsbradford.com •

•

from $311,000

45 Country Wide Homes

Dreamfields in Bradford

dreamfieldsbradford.com •

•

46 Devonleigh Homes Inc.

Creekside

705-444-0555

•

from $210,000

47 Devonleigh Homes Inc.

Parkside by Devonleigh

705-435-9991

•

from $275,000

48 Devonleigh Homes Inc.

Brownley Meadows

705-423-9662

•

from $225,000

55 Briarwood Homes

Briarwood Estates

705-294-2288

•

from $420,000

58 Lakeview Homes

Greenbrook Village

519-306-0665

•

from $280,000

59 Brookfield Homes

Fieldstone

1-855-379-1495

•

from $590,000

59 Delpark Homes

Fieldstone

MyFieldstone.ca

•

from $570,000

60 Briarwood Homes

Pretty River Collingwood

1-888-257-1999

•

from $310,000

65 Brookfield Homes

Willow Glen Tottenham

905-406-1044

•

from $298,000

70 Far Sight Homes

Greenfields

1-855-299-7929

•

from $285,000

Barrie, Collingwood, Wasaga, Innisfil, Keswick

Tel

Mancini Homes

north region:

Site

Fi M ap nd er

Builder

De t Se ach m ed To i w n Co hom nd e o

# Si te IFC-Inside front cover

2014 SHOPPING GUIDE

2014 ISSUE NOW AVAILABLE!

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

FREE

2014 HOME DECOR AND RENOVATIONS

GUIDE

shop TILL PANTONE® 19-3224 RADIANT ORCHID

YOU DROP! WE HAVE THE LATEST TRENDS, SHOPPING TIPS, ADVICE AND MORE

A SPECIAL ADVERTISING SUPPLEMENT

SG cover 2014-FIN.indd 1

2014-01-15 2:14 PM

416.626.4889

LOVE TO SHOP? Our 2014 shopping guide profiles some of the GTA’s top home and décor shops and services. 82 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

newhomeguide.ca

June 14 - 28, 2014

Showcasing new homes in the GTAâ&#x20AC;&#x2122;s west region

IN THIS SECTION

>> Maps and listings for new-home communities in the west region >> Builder news and the latest in new homes in the west region

//HOME SWEET HOME

Canada’s housing un-affordability » by LYDIA MCNUTT

LYDIA MCNUTT

is an award-winning writer and editor of New Condo Guide. Lydia’s love of architecture, interior design and the written word have landed her happily at home at Wall2Wall Media, where real estate rules. Email Lydia.McNutt@ wall2wallmedia.com, and follow her on Twitter @LydiasTweets

If you’re shopping for a home in Toronto, or in any of Canada’s larger markets, you’re likely experiencing some frustration. And that feeling is growing as housing affordability continues to drop. Long before you “officially” started your home hunt, you began compiling your list of must-haves. I know I did. My ideal included a four-bedroom detached house on a large lot, in Toronto, within walking distance of the Bloor subway line, with a park, shopping and nightlife nearby. (Schools weren’t on my radar yet, but that, too, would come.) So when the time came to shop for our first home, my husband and I were disappointed to learn what our measly budget could buy. And it wasn’t even all that measly! The modern homebuying reality for most Canadian buyers – especially first-timers – is a question of either/or. It seems you just can’t have it all. RBC Economics’ latest Housing Trends and Affordability Report indicates that the cost of homeownership is on the rise. The housing affordability index captures the proportion of pre-tax household income required to own and operate a home at current market value. The greater the measure, the worse the

Your budget will define what area you can afford to live in, the type of home, and the lifestyle you will lead long after the paperwork has been signed and the boxes unpacked. 84 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

affordability. For example, a measure of 50 per cent means owning a home – including mortgage payments, utilities and property taxes – will eat up 50 per cent of a typical household’s pre-tax income. In the first quarter of 2014, Toronto’s affordability measures stood at 24-year highs for bungalows at 44.9 per cent, and two-storey homes at 51 per cent, while condos came in at 29.4 per cent – not much below its multi-decade peak. To put these numbers in perspective, when you’re applying for a mortgage, lenders add up your housing costs and calculate what percentage they are of your gross monthly income, known as your Gross Debt Service ratio (GDS). According to Canada Mortgage and Housing Corp., to be considered for a mortgage, your GDS should be 32 per cent or less of your pre-tax household monthly income. What does this mean for homebuyers? Quite simply, they’ll need to increase their income, or decrease their housing budget – and expectations. If you’re dreaming of a single-detached, two-storey life in Toronto, be prepared to shell out 51 per cent of your pre-tax income, providing you earn at least an “average” income. After taxes and living expenses, that doesn’t leave much for your rainy-day fund, never mind your retirement in 35 years! Today, more than ever, creating a realistic budget is key. This will be your starting point – before you even begin thinking about your list of must-haves and nice-to-haves. Your budget will define what area you can afford to live in, the type of home, and the lifestyle you will lead long after the paperwork has been signed and the boxes unpacked. Determine what you can comfortably afford. And I don’t mean the mortgage amount you’ve been preapproved for. Calculate your monthly mortgage payments, property taxes and utilities. Now, do you have student loans? Do you drive a car? Do you expect to eat on a daily basis? Do you have, or are you planning to have, kids? Will they be eating, too? Don’t forget about those retirement savings! If it costs money, factor it in. Only now can you think about the home itself. Really think about it. Who says the key to happiness is a 2,500-sq.ft. detached house? Maybe your lifestyle would be better suited to an urban condo, where you don’t have to worry about things such as mowing the lawn and shoveling the snow. Weigh the pros and cons, then decide. The perfect home is out there, with something suited to every budget. Maybe you’ll just have to explore some different definitions of “home” to find the right one.

EMPIRE COMMUNITIES EASY BUY™* INVENTORY PROGRAM

YES YOU CAN!

Empire’s Easy Buy * Inventory Program gets you better prices, faster move-ins and the bonus of only 5% down! TM

BRANTFORD

NIAGARA FALLS

HAMILTON

STONEY CREEK

HOMES

233

229

990

ONLY

990

ONLY

DOWN

11,699

ONLY

DOWN

11,499

305990 ONLY

DOWN

15,849

5%DOWN

15,299

BI-WEEKLY PAYMENTS

435

425

QEW QEW

Mississauga Mississauga Lake Lake Ontario Ontario

Cambridge Cambridge

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General GeneralBrock Brock Pkwy Pkwy

Lundy’s Lundy’sLn Ln

McLeod McLeodRd Rd MontroseRd Rd Montrose

BBlalac ckkb buurn rn

22 Green Mountain Rd. W., STONEY CREEK 905.930.7934

Mon-Thurs: 1-7pm Fri: 1-6pm Sat, Sun & Holidays: 11am-5pm

Lake Lake Ontario Ontario

KalarRd Rd Kalar

BBinb inbro roookkR Rdd

EMPIRE IS ENERGY STAR PLUS!

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3 Binhaven Blvd., BINBROOK 905.692.6000

565

OPEN 7 DAYS A WEEK: Toronto Toronto

Brantford Brantford

McLeod Rd. & Kalar Rd., NIAGARA FALLS 905.354.1710

407 407

401 401

585

309 Blackburn Dr., BRANTFORD 519.756.4554

Co Colbo lborne rne

316

990

Niagara Niagara Square Square

Imagine Imagine Brown BrownRd Rd

Exit Exit 27 27

Falls Falls

empirecommunities.com

Prices, sizes and specifications are subject to change without notice. *EASY BUYTM INVENTORY PROGRAM applies to inventory homes only. **Above bi-weekly payment based on 95% down, 5 year fixed 2.99% mortgage with 30 year amortization for homes closing within 120 days. Amounts do not include CMHC fees or any other bank set up mortgage fees. For qualified buyers. Calculations obtained from TD Canada Trust and RBC Websites. Please see Sales for full details. Map not to scale. Exclusive listing brokerage: TFN Realty Inc. Broker Protected. E.&O.E. June 2, 2014.

//DESIGNER ADVICE

In between

SEASONS,

in between

SPACES » by YANIC SIMARD » photos by TED YARWOOD

Summer is coming! The warm weather is slowly setting in outside – it’s only natural to want to enjoy this sunny feeling indoors as well. With these design tips, you can to start to enjoy the great outdoors immediately! BRANCH OUT

» F lorals are experiencing a huge revival, updated from the overly fussy patterns we associate with granny’s curtains, to become contemporary, organic touches of natural beauty. In this dining room space, I used an elegant, leafy wallpaper to draw a connection to the outdoors, and then continued it into the kitchen to visually link the two rooms. For a similar effect, try Graham & Brown’s “Claire” or “Harem Tulips” prints. Visit grahambrown.com

...continued on pg 88 86 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

Prime

Mississauga Location Final Release

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View our 5 Decorated Model Homes Today!

Semi's starting from the

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On East side of McLaughlin Rd., just N. of Derry Road

foresthillhomes.ca 905-795-8307

Hours: Mon. - Thurs. 1pm - 8pm, Fridays by appt, Sat., Sun. & Hol. 11am - 6pm

9' Ceilings on Main Level Spacious 4 Bedroom Designs Premium Lots Stained Oak Stairs Central Air Conditioning Hardwood Package in Living Room, Dining Room & Family Room Pot Light Package Double Sinks in Main & Ensuite Bath Upgraded Kitchen Cabinetry Upgraced Porcelain Tiles Smooth Ceilings Glass Shower Enclosure LIMITED TIME OFFER WHERE APPLICABLE AS PER PLAN

*As per applicable Bonus and floorplan. applies to firm purchases only between April 5th - May 3rd, 2014. May not be included in finished/inventory homes. See sales representative for details. All renderings and photographs are artistâ&#x20AC;&#x2122;s concept. To be valid Bonus must be included in an accepted Agreement of Purchase and Sale. Prices, plans, specifications and bonuses are subject to change without notice. E. & O.E.

//DESIGNER ADVICE...continued

Florals are experiencing a huge revival, updated from the overly fussy patterns we associate with granny’s curtains, to become contemporary, organic touches of natural beauty.

» Did you know that wallpaper can make a beautiful backsplash? By itself, of course, it’s a little impractical, but adding simple glass panels over top gives an easily cleaned surface while letting the paper shine through. This way, you can use one favourite print throughout, or choose a special accent to create a unique backsplash feature. KEEP YOUR OPTIONS OPEN

» Sometimes the best way to introduce fresh, fun colour in a space is to start with none at all – keeping your fixed elements neutral gives you a flexible backdrop for ever-changing accents to suit your moods. You’ll see, however, that doesn’t mean I let these spaces be boring: introducing variety through patterns, textures, and different materials (such as the wood table and clear plastic chairs) gives even a neutral palette lots of depth and visual interest year round. » Once you have this beautiful neutral canvas, introduce colour through accessories. Live plants add a friendly infusion of green to liven up your dining table or countertop. Removing the doors from a standard cupboard creates an open shelving display for colourful dishes and glassware – just keep the doors stashed away for later. Add a few beautiful books or an oversized vase, and suddenly you’ve got a whole colour scheme you can switch up at any time. ...continued on pg 90

88 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

//DESIGNER ADVICE...continued

» W hether you have a wall full of windows around a patio door or a small sliver of glass, keep the view as open as possible by hanging a simple sheer over top. By draping the full wall, you help blur the line between the walls and windows, making the warm light the focus, and preserving the sightlines while also maintaining your privacy. Place the rod just below the ceiling and run the fabric to just above the ground, for a clean, contemporary effect. SING THE BLUES

» Blue and green (which is half blue) are both natural hues that we are used to seeing in the world in a tone-on-tone effect, so they make great near-neutrals and work especially well when combined in multiple shades. This makes it especially easy to slowly add an accessory collection over time (as you happen across different stores) without wondering about whether pieces will “match.” If you stick to the blues, you won’t have a worry in the world. BLUR THE LINES

» I love pieces that can work indoors and out, such as the classic Bertoia dining chair (pictured above). The open metal frame makes a mid-century statement inside, but is totally practical outdoors, so it can be moved to wherever you want extra seating. Other pieces such as ceramic garden stools, stone-topped bistro tables, or clear plastic stackable chairs provide equal flexibility – consider investing in these even in the colder months and love them all year round. 90 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

YANIC SIMARD

is the design editor of New Condo Guide and 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. Yanic 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

The grass is greener in Chippawa (now with more lawns to choose from)

The Berkshire - Homes by DeSantis

MOVE IN SOONER WITH READY BUILT HOMES! Ask a Sales Representative for details.

Whether it’s the wineries, the night life, hiking, biking and water’s edge, or the wonderful shopping and fine dining, your luxury new home at Lyon’s Creek in historic Chippawa is near everything you love about the Niagara lifestyle.

50’ & 45’ Detached, Semis & Townes starting from the mid $200’s. The Welland - Rosehaven Homes

11 MODELS TO TOUR!

LyonsCreekChippawa.com HOURS OF OPERATION: Mon - Wed: 2pm - 7pm; Sat, Sun & Hol. 12pm - 5pm Elevation and landscape is artists concept and may not be depicted as shown. Prices, square footage and specifications correct at press time. Prices quoted are in $ thousands. E. & O.E.

CHIPPAWA - NIAGARA FALLS McLeod Rd.

s Lyonk Rd. Cree Mann St.

To Falls

Marineland Pkwy

11 models to tour 9’ main floor ceilings • gourmet kitchens luxurious ensuites • gas fireplaces 1,100 to over 3,200 sq.ft park/greenspace lots available

NIAGARA RIVER

St. Main P o

Sodom Rd.

• • • • •

rta

MODELS & PRESENTATION CENTRES

Fort Erie

west region:

Mississauga

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

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

905-795-8307

Vandyk Communities

Windows on the Green

Amacon

The Towns at Parkside Village

Price Range

•

vandykcommunities.com

• from $300,000

705-435-9991

•

from $550,000

Starlane Home Corporation Churchill Woods

starlanehomes.com

•

• •

from $562,000

Greenpark Homes

Churchill Woods

churchillwoods.ca •

• •

$529,000

Conservatory Group

Central Park North

905-890-0195

•

from $465,000

Dunpar Homes

Heritage Gate

heritagegate.ca

•

from $500,000

Country Homes

Lakeshore Village

1-866-746-2999

•

from $550,000

Dezen Homes

McLaughlin

905-696-7938

•

from $544,000

Dunpar Homes

Park View Trail

416-253-5888

•

from $500,000

11F

from $570,000

Page No.

87 8B

Mississauga

Derry Village Mississauga

Tel

west region:

Forest Hill Homes

Site

Fi M ap nd er

Builder

De ta Se ch m ed To i w Co nho nd m o e

Si te

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

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

46 51

60 5

lin

Brampton, Caledon, Bolton

irp

west region:

ea ea

rio

Caledon

410

Price Range

Page No.

Vales of the Humber Estates

valesofthehumber.com

•

from $674,000

27 10N

Starlane Home Corporation Vales of the Humber Estates

valesofthehumber.com

•

from $674,000

27 10N

Greenpark Homes

Vales of the Humber Estates

valesofthehumber.com

•

from $674,000

27 10N

Mattamy Homes

Mount Pleasant North

mattamyhomes.com

•

• • from $330,000

11 Fieldgate Homes

Lotus Pointe Caledon

fieldgatehomes.com

•

12 Great Gulf

Westfield

905-866-6876

•

from $620,000

34 7Q

21 Primont Homes

Centretown

905-495-5067

•

• •

from $356,000

12 9M

60 Primont Homes

Castlemore

905-856-5777

• •

from $420,000

13 9K

62 Fieldgate Homes

Valley Lands

905-457-0445

•

• •

from $427,000

Insert & 25 9O

65 Great Gulf

Mount Pleasant

905-459-5772

•

from $530,000

35 6P

Tribute Communities

Landscapes

905-893-3331

• •

from $399,000

9 6P Insert & 25 5L

Coscorp Inc.

The Village of Southfields

thevillageofsouthfields.ca •

• •

Monarch Corporation

The Village of Southfields

905-843-0707

• •

from $390,000

Empire Communities

Lakeside

empirelakeside.com •

•

from $350,000

VanMar Homes

Credit Ridge Estates

416-746-1234

•

from $550,000

Tiffany Park Homes

The Estates of Spring Valley

905-216-5620

•

from $583,000

Townwood Homes

Gates of Countryside

gatesofcountryside.ca •

•

from $400,000

Country Wide Homes

Gates of Countryside

905-907-1500

•

from $400,000

Regal Crest Homes

Countryside Meadows

countrysidemeadows.ca

•

from $346,000

Royal Cliff Homes

Gates of Countryside

gatesofcountryside.ca •

•

from $400,000

Starlane Home Corporation Gates of Countryside

starlanehomes.com

•

from $520,000

Aspen Ridge Homes

Mayfield Village

905-230-2592

•

• •

from $350,000

Mattamy Homes

Mount Pleasant Village

mattamyhomes.com •

• • from $255,000

10 Starlane Home Corporation Mount Pleasant Meadows

meadowsbrampton.com

•

from $430,000

10 Valery Homes

Mount Pleasant Meadows

meadowsbrampton.com

•

from $430,000

11 Greenpark Homes

Lotus Pointe Caledon

LotusPointeCaledon.ca

•

11 Starlane Home Corporation Lotus Pointe Caledon

LotusPointeCaledon.ca

•

11 Rosehaven Homes

Lotus Pointe Caledon

moveuptocaledon.ca

•

17 Pemberton Group

Rosedale Village Golf & Country Club 905-799-5000

•

• • • from $190,000

18 Saberwood Homes

Heart Lake Village

905-773-6549

19 Mattamy Homes

Salisbury Square

mattamyhomes.com •

•

from $314,000

10N

22 Townwood Homes

Marigold

townwoodhomes.com •

•

from $475,000

11L

25 Heathwood Homes

Terracotta Village at The Credit Valley 905-874-4741

•

from $430,000

32 Forest Hill Homes

Ravines of Castlemore

905-794-8875

•

from $650,000

905-584-6444

•

• from $300,000

37 Oxford Homes

Adena Ridge

from $600,000

38 Andrin Homes

Turnberry Townhomes AndrinTowns.com

•

from $350,000

45 Brookfield Homes

Pathways

1-855-379-1495

•

from $420,000

48 Aspen Ridge Homes

Credit Manor Heights

905-216-5155

•

from $400,000

48 Regal Crest Homes

Credit Manor Heights

yourkingdom.ca

•

from $850,000

48 Country Wide Homes

Credit Manor Heights

yourkingdom.ca

•

from $850,000

acornhomes.ca

•

from $575,000

11K

•

from $400,000

51 Acorn Homes

Castlegate

55 Rosehaven Homes

The Neighbourhoods of Mount Pleasant 416-410-0175

55 Townwood Homes

The Neigbourhoods of Mount Pleasant

LoveMountPleasant.com •

•

from $270,000

55 Townwood Homes

The Neighbourhoods of Mount Pleasant lovemountpleasant.com •

•

from $270,000

58 Devonleigh Homes Inc.

Meadowlands

519-942-3312

•

from $339,000

64 Meridian Homes

Credit Valley Manors

905-216-5186

•

from $400,000

65 Great Gulf

Mount Pleasant

905-459-5772

•

from $530,000

66 Ballantry Homes

Spring Valley Village

ballantryhomes.com

•

from $420,000

Brampton, Caledon, Bolton

Tel

Treasure Hill Homes

west region:

Site

Fi Map nd er

Builder

De ta Se che m d To i w n Co ho n d me o

# Si te IFC-Inside front cover; IBC-Inside back cover

Co un t

Erin5

ne Li

h 9t

n ai

th 10

yR d

Hillsburg

h 8t ne Li

d oa

er Sid h 5t Rd

rry

n ai lli

6 Dr e 29 d 8 E si rk St Pa s da un D

Burlington Bay

1 38

Q 403

4 39 39

W Rd ia Ne

St w

21 E lvd

rth

r ho

Niagara on the Lake 40

Hannon42 41

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

Hamilton 3

irv ng

QEW

sio es Co nc h

Jer

Waterdown Burlington

Dr .

Mohawk

lle yvi

ita Rd

d er Sid as

sio es nc Co

403 Hwy 2

QEW

e Rd

©s

nor

rlo

d oa

er Sid

Rd n

es nc

r ove

E undas St

403

Snak

y8 Hw

407

Br e lin se Ba er w Lo

ita Br E Rd

sio

sle

rli Ca

nc Co

n sio es

Co th

lb Ki

es nc

rid

sio

s es

Burlington

M E sA ve le St

Rd e

er sb

ou M

d oa E ill lv el pb

m Ca

W al

20 er Sid 15 Rd n sio es nc

ll R

Sid e

Sid er

d oa Sid er

Sid er oa d 25

Acton, Halton Hills, Milton, Burlington, Waterdown

Flamborough

Waterdown

25 Tr 5 em ai n

Rd Rd ne e Li Lin 4 3

iss

west region:

ne Li

401

n sio

1 7 9 17

al af Tr

401

ill

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

Milton

w To

oa d

Sid er

y. 7

Halton Hills Georgetown Ja m

on Br

ne Li

oa d Sid er

oa d

D E

oa d Sid er

Cl ay

hi ll Rd

d rR Rd ga al ne af Li Rd Tr 6 ne Li 4

rt Rd ou ll sC hi le rc vd Co Chu Bl t on e S ct c la al W

vd Bl ne Rd Li ill ne ch th Li /9 ur 8 Rd Ch w on ie st Rd nv in e ai n W Li nt ou 10 M

Acton

Stoney Creek

Grimsby

44 37

St. Catharines

Niagara

20 420 10

Price Range

• from $300,000

Page No.

34 12R

10 Great Gulf

Rolling Meadows

905-680-0841

17 Mattamy Homes

Hawthorne Village

mattamyhomes.com

33 Menkes

The Enclaves of Upper Canada

289-891-9103

•

Schuit Homes

Perth Park

905-628-9559

• 1Q

Great Gulf

Edgewood

905-356-9408

•

Spallacci Homes

Simona Place

spallaccihomes.com • 2Q

Spallacci Homes

Eden Park

905-381-4280

•

from $320,000 2Q

Spallacci Homes

Eden Park

spallaccihomes.com •

from $320,000 2Q

Arista Homes

Milton Trails

905-864-3306

Country Green Homes

The Uptowns of waterdown

905-690-7600

•

from $250,000 7M

Lakeview Homes

Cannery Park

1800-565-5150

•

from $320,000 12R

Mattamy Homes

Cranberry Hill

mattamyhomes.com

from $360,000 8N

Beaverhall Homes

Forestwood

905-636-1365

•

12 Tobyn Park Homes

Park City

parkliving.ca

13 Heathwood Homes

The Village at Traditions

905-876-3140

•

from $441,000 8h

20 Parkbridge Lifestyle Communities Inc. Cherry Hill at Vineland

1-800-479-9777

•

from $194,000 12R

22 Country Green Homes

Park Place Village

905-690-7600

•

• •

from $250,000 8m

26 Eden Oak

Weaver’s Mill

weaversmill.com/nh

•

from $336,000 6B

35 Phelps Homes

Jordan Village

phelpshomes.com

•

from $345,000 9R

36 Phelps Homes

Brookside

phelpshomes.com

•

from $236,000 7R

37 Phelps Homes

Streamside

phelpshomes.com •

from $316,000 6R

38 Losani Homes

Ancaster Glen

289-239-7629

from $370,000 1P

39 Losani Homes

The Fairgrounds

289-286-0928

from $250,000 2Q

40 Losani Homes

Greenhill Glen

905-538-8752

from $270,000 4Q

41 Losani Homes

Sherman Oaks

905-574-0828

from $290,000 2R

42 Losani Homes

Paramount

905-560-2061

from $230,000 3R

43 Losani Homes

Orchard Park

905-930-9943

from $390,000 5Q

44 Losani Homes

Discovery

905-563-0666

from $330,000 8R

•

from $440,000

9 9G

•

from $420,000

7 9C

•

from $305,000 12Q

from $495,000 9G

• from $180,000 11l

Acton, Halton Hills, Milton, Burlington, Waterdown

Tel

west region:

Site

Fi Map nd er

Builder

De ta Se che m d To i w n Co ho n d me o

# Si te IBC-Inside back cover

A 9

r rD

e Rd

E Rd pe or th m ha rn

n Li

Ford Dr

n Li

Tr a

al d on M

ac D

sh a St or e Rd

ee Sp

e rM

Up p

St W as nd 25

ate

hil

Du 15

Tr e

le M id d

pe or th m ha rn Bu

e Av

tti

so at W

n Rd

Devo

o ris or M

n Li

tw ar

403

n Li

Oakville

Ro ya ll R l W in d d

rlo

ush R

Pineb

401

s Dr

Frank

tio

e Rd

u Aven

t sS dr ew

Main

Cambridge 24

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

eim R

Blenh

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

Elgi

Clyde

St.

ler Rd

lin Blv

Lang

Hespe

Oakville, Cambridge

h Ave

rdale

west region:

Guelp

Beave

n Rd

essio

tain Foun

ck Rd

le Blo

Midd

Conc

s Rd

Myer

905-825-3619

Mattamy Homes

The Preserve

Treasure Hill Homes

Markay Homes

Page No.

•

from $420,000

7 3G

mattamyhomes.com •

•

from $700,000

Nautica at Lakeshore Woods

905-465-9133

•

from $550,000

Bronte Park Town Manors

416-746-1234

•

from $590,000

Oakville, Cambridge

Millstone On The Park

Price Range

west region:

Menkes

Tel

Fi M ap nd er

Site

De ta Se che m d i To w Co nho n d me o

# Si te

Builder

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newhomeguide.ca

June 14 - 28, 2014

Showcasing new homes in the GTAâ&#x20AC;&#x2122;s east region

IN THIS SECTION

>> Maps and listings for new-home communities in the east region >> Builder news and the latest in new homes in the east region

//MAKE YOUR MOVE

Busiest moving day of the year IS JUST AROUND THE CORNER » by STEWART SMITH

STEWART SMITH is

franchisee/owner of Two Men And A Truck Canada - Newmarket and Aurora. Call 905.952.2229 or visit twomennewmarketaurora. ca. Two Men currently operates in the U.S., Canada, Ireland and the UK with more than 260 locations and 1,800 moving trucks. The company enjoys a 96 per cent customer referral rating. Visit twomenandatruck.ca

If you are planning to move at the end of June and haven’t booked a mover, you could be out of luck. Traditionally, June 30 is the most popular day of the year for Canadians to move. The most recent Census (2011) reports that 4.3 million Canadians move annually, which amounts to 1.6 million families – 13 per cent of whom choose the month of June. About a third of those pick June 30 as their moving date, so in Toronto alone, that amounts to 30,000 people doing the box-truck shuffle in that 24-hour period. Why the big exodus on this one specific day? In our experience, weather tops the list of reasons. It’s more pleasant to move after the cold and snow of winter are behind us, and before the major heat of summer kicks in. Of course, no one can predict what Mother Nature will hand us on any given day, but usually there is less chance of rain at the end of June as well. Keep in mind that moving just before the long weekend in July means families have an extra day to begin unpacking and get settled before they have to go back to work. By waiting until late June, parents avoid disrupting their children’s school year. The end of June marks the mid-year renewal deadline for property taxes and rental leases, so for many people, the timing is optimal. If June 30 is your moving day, here are some tips to make moving a less stressful and more pleasant experience: ›› BOOK YOUR MOVER NOW! You may find that many

companies are already fully booked for that day, but the earlier you start calling, the more chances you’ll get a reliable firm to help.

Keep in mind that moving just before the long weekend in July means families have an extra day to begin unpacking and get settled before they have to go back to work. 102 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

›› CONSIDER USING A MOVER TO PACK YOU. Time is running short,

and Two Men and a Truck has packing down to a science. Remember, it’s as important to us as it is to you to get your possessions to your new home safely and in pristine condition.

›› REFER TO A CHECKLIST TO MAKE SURE YOU REMEMBER ALL THE THINGS YOU HAVE TO DO. Changing addresses, notifying

utility companies, enrolling kids in their new schools, arranging for pets and small children to be cared for during the move. Checklists are easily available online. You can find ours at twomenandatruck.ca/your-movingchecklist-plan-your-move.

›› PARE DOWN POSSESSIONS AS MUCH AS POSSIBLE. No use moving

stuff that you will just throw out or give away after.

When it comes to moving, the extra effort up front goes a long way, and when you choose to move on June 30, it takes you even farther toward a safe, successful and fulfilling experience.

JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 103

I BUILD AWARENESS. â&#x20AC;&#x153;As a small builder, we have a little voice. BILD helps us get our issues heard though its advocacy channels to key government stakeholders which directly impacts our ability to build homes and create jobs. Additionally, member communications and seminars on trends, issues and economic forecasts keeps us in the loop and raises awareness of our company in the marketplace.â&#x20AC;?

Andrea DeGasperis-Ronco President Opus Homes Builder / Developer Member since 2011

I AM

Get Involved: bildgta.ca

104 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE anytime, anywhere!

Now you can view all New Home Guide magazines online using any smartphone, tablet or desktop device.

NEWHOMEGUIDE.CA

Published by

Wentworth St

Bloor St.

Bloor St

Gibb St

Wentworth St

King St W Bond St W

52 91 14

401

Adelaide Ave

Manning Rd

Phillip Murr

King S

Adelaide Ave

Rossland Rd

47 Bayly St E

44 48 401

42 45

Westney Rd S

401

Granite Court

Spruce Hill

ou nt

gst

46 Rd

Whites Rd

Glenanna Rd

Appleview Rd

Kin

Altona Rd

Liverpool Rd

Fairport Rd

Stroud's

Dixie Rd

Brock Rd Sandy Beach

Highview Rd

Brock Rd R aks rO o j Ma Valley Farm

Montgomery F

Squires Beach Rd

Dr Notion Rd

Kingston Rd

Magill 92Dr

Church St S

Rossland Rd

Delaney Dr

41 Rossland Rd

Lak

riv

Riverside

3 Concession

Pickering Beach Rd

Sheppard Ave

Altona Rd

Shoal Point Rd

Finley Ave

32 Sideline

Ajax-Whitby

Harwood Ave

Finch Ave

32 Sideline

Rosebank Rd

4 Concession

North Rd

McQuay

Liverpool Rd

Whites Rd

North Rd

Gordon St

Cochrane St

To wn of Ajax

43 90

4 Concession

5 Concession

Brock Rd

30 Sideline

City of Pickering

7 Conncession

9 Concession

28 Sideline

Brock St S Henry St

54 66

Ravenscroft

16 Sideline

Whitevale Rd

5 4 3

24 Sideline

Blair St

Taunton Rd W

Taunton Rd E

Westney Rd N

Church St N

20 Sideline

Olive Ave

Beatrice St

55 Taunton Rd W

13 37

Salem Rd

Greenwood Rd

Brock Rd

Hopkins St

Dundas St E

To wn of W hitb y Salem Rd

16 Sideline

Thornton Rd

Kendalwood R

Audley Rd

Paddock Rd

16 Sideline Brock Rd Cen tral St

Stevenson Rd

Townline Rd

Audley Rd

7 Concession

9 Concession

8 Concession

12 Sideline

Brock St N

Lakeridge Rd

Fifth Conces

Baldwin St S

4 Sideline R

6 Sideline

Park Rd S

Garden St Blair St

Garden St

Coronation R

6 Concession

4 Sideline

4 Sideline R

Dryden Bv

Conlin Rd

Halls Rd N

Anderson St

Ritson Rd S tS eS co Sim

Centre St.

Garrard Rd

Country Lane

Columbus Rd

Brawley Rd

Country Lane

Rossland/Winchester R

Myrtle Rd W

Cochrane

60 3

Village of Bro oklin

11 10

Cedarbrook T

Ashburn Rd

Thickson Rd

Baldwin St N

Duffs Rd

Church St E

Thornton Rd

Wilson Rd S

Pickering, Ajax, Whitby, Oshawa

Garrard Rd

Lake Ridge R

east region:

Mary St N

Sim

Harmony Rd S

Central Park

Stevenson Rd

106

Conlin Rd

City of Oshawa

8 Concession

13 12

Stevenson Rd

Ritson Rd N

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

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

19 18 17 15 14

Wilson Rd N

devie

Gran

Harmony Rd N

Grandeview S

Bay

Townline Rd. Grandeview S

Page No.

Tribute Communities

Charing Cross

905-571-1011

•

from $390,000

15 14E

Menkes

Somerset

905-428-0500

•

from $520,000

7 7G

90 LeBovic Homes

Old Taunton in Pickering

905-428-3434

•

Brookfield Homes

Hills of Harrowsmith

905-697-1681

•

from $300,000 15G

Great Gulf

Stonecrest

greatgulf.com

•

from $298,000 15F

Emery Homes

Town Central

1-877-953-6379

•

from $350,000 4J

Highmark Homes

Triumph

whitbytriumph.ca •

from $350,000 10G

Lakeview Homes

The Forest of Lyndebrook

416-746-1234

•

from $490,000 10F

Stafford Homes

Elements Townhomes

elementsajax.com

from $390,000 7H

13 Liza Communities

Folkstone

1-877-365-9555

•

from $335,000 10G

21 Great Gulf

Grandview Oshawa

1-888-579-7235

•

from $334,000 14F

31 Preston Homes

Prestonvale Heights

905-432-2800

•

from $350,000 15J

34 Tribute Communities

The Neighbourhoods of Park Ridge 905-723-2344

•

from $339,000 15G

45 Sundial Homes Limited

Mulberry Meadows

905-427-8255

•

from $273,000 6J

47 Senator Homes

Whitby by the Lake

senatorhomes.com •

•

from $250,000 9J

54 Baycliffe Homes

The Gates of Whitby

905-668-9828

•

from $250,000 9G

60 greycrest homes

the fields of conlin

905-725-4539

•

from $310,000 15G

66 Monarch Corporation

Tran Quility

monarchgroup.net •

from $550,000 7G

67 Midhaven Homes

Breeze

1-877-773-6888

•

from $300,000 15F

68 Storybook Homes

Brookstone Estates

905-438-9516

•

from $1050,000 11B

91 Sundance Homes

The towns of nichol green phase 1

905-441-3312

•

from $260,000 11J

92 Glen Rouge Homes

The Cornerstone

905-239-9777

•

from $579,000

• •

103 5H

Pickering, Ajax, Whitby, Oshawa

Price Range

east region:

Tel

M Fi a nd p er

Site

et a Se ch m ed To i w Co nho nd m o e

Builder

# Si te

107

Mill St

Parkhill Rd.

115

te Wa

Peterborough

9 Lansdowne Ave.

134

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

ach

Durham 23

Bloor St.

Hwy 2

Oke

Nash Rd

Angelina St North

Lindsay St. North

Major St.

Lorne St.

Lindsay

Courtice

King St.

Po rt Per ry

Hwy #7

Kent St

Colborne St

Harmony Rd

Hw Mya2rsh

401 14

Bloor St.

LAKE

ONTARIO

St. Ridout W al to

St .

To Belleville Jocalyn St

401

Lake Ontario

Po rt Hope

Rd.

t. H wy 2

Kin

Concession St

Baseline Rd. E

Concession Rd 3

Bowmanville/ Newcastle

Hwy

401

7 12

Lake Scugog

ill Mc G

Lake Scugog

LAKE ON TA

Port Hope

MacDonald Cartier Freeway

106

RIO

115

Cobourg

Hwy 2 3

Hwy 401

Reg. Rd. 74

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

To Toronto

Hwy

Nash Rd

St. Hw

Baseline Rd. W

King

Mearns

7 y4 30 Hw 3 Goodwood Rd

Centre

Rd.

Quaker Village Dr

Uxbridge

Brock Rd To

Che Monaghan Rd.

Brock St

ro n

Reg Rd 8

Elgin Park

Durham Reg

Main St

Hwy 134

Liberty St. N Liberty St. S

West Townline Rd. N.

le Rd

Varcoe Rd Darlington Blvd

n io Un

St. Joseph's Rd onva

Waverly Rd

Lambs Rd Hains St

Hwy 28

Av e Trulls Rd

Regional Rd 57

Reg. Rd 34 Courtice Rd

McLaughlin Rd ille Rd Janetv

Uxbridge, Lindsay, Bowmanville/Newcastle, Courtice, Peterborough, Port Hope, Cobourg, Port Perry

Reg. Rd. 18

east region:

Prest

Hancock Rd

Mill St.

oS tari

Hwy #12 (From Whitby)

ron To

Simcoe St. (From Oshawa)

y. 4 H

108 Hw

• •

Page No.

48 Brookfield Homes

BrookHill

905-697-1681

•

Mason Homes

Port Hope Lakeside Village

905-885-6565

•

from $229,000 12K

Far Sight Homes

King’s Bay Golf & Country Club Estates 905-642-8383

•

from $408,000 15B

Far Sight Homes

The Estates at Sunset Ridge

905-642-9015

•

from $690,000 2E

Parkview Homes

Jackson Creek Meadows

705-748-4663

•

Parkview Homes

Jackson Creek Meadows Townhomes 705-748-4663

•

Brookfield Homes

Foxtrail

brookfieldhomes.ca

•

Kaitlin Group Ltd.

Port of Newcastle

1-800-305-6849

•

Kylemore Communities

Port of Newcastle

905-987-5146

•

from $479,000 14E

Storybook Homes

Bond Head Estates

905-438-9516

•

from $850,000 14E

Parkview Homes

Harmony Condominiums

705-748-4663

14 Rice Developments

Willmot Creek On The Lake

905-697-5806

•

from $225,000 11D

18 B.G. Schickedanz

Lake Scugog Estates

1-888-894-9888

•

from $330,000 17B

20 Geranium Homes

Verandas

905-885-0555

•

from $266,000 10I

26 Kaitlin Group Ltd.

Aspen Heights

905-697-0513

• from $165,000 10C

26 Kaitlin Group Ltd.

Condominiums at Clarington Centre 905-697-4513

• from $210,000 10c

26 Kaitlin Group Ltd.

Country Classics

1-866-514-3573

•

from $300,000 10c

30 Empire Communities

Estates of Wyndance

905-649-8197

•

from $900,000 3e

34 Carrington Homes

Woodlands of Upper Courtice

905-787-0963

•

from $260,000

35 Mason Homes

Parklands

1-866-443-7900

•

from $238,000 3H

39 H&R Developments

Gracefields

hr-newhomes.com •

from $322,000 14B

39 Thornridge Homes

Gracefields

thornridgehomes.com •

from $290,000 14B

45 Highcastle Homes

Northglen

northglen.ca

•

45 Delpark Homes

Northglen

905-419-7222

•

45 Esquire Homes

Northglen

48 Jeffery Homes 72 Vandyk Communities

from $350,000

17 10B

from $400,000 5B

• • from $260,000 14E

• from $189,000

•

from $221,000 11B

• •

from $221,000 11B

northglen.ca

from $245,000 11B

BrookHill

905-697-0765

•

• •

from $300,000 10B

West Park Village

vandykcommunities.com

•

• •

from $210,000

Uxbridge, Lindsay, Bowmanville/Newcastle, Courtice, Peterborough, Port Hope, Cobourg, Port Perry

Price Range

east region:

Tel.

Fi M ap nd er

Builder Site

De ta Se ch m ed To i w n Co hom nd e o

# Si te

109

//HOT DATES

JUNE 14-15

Beaches Arts & Crafts Show

Taste of Little Italy

KEW GARDENS

June 14 to 28 Calendar of events beginning from June 14 to 28, 2014

110 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

COLLEGE STREET BETWEEN BATHURST AND SHAW

Celebrating its 30th anniversary, the Beaches Arts & Crafts Show returns with a lineup of 150 artists, artisans and designers from across the country. The types of items on display include visual arts, jewellery, leather work, fashions, home and garden décor, natural skin care products, gourmet foods and much more. This show will be taking place rain or shine, so don’t let any bad weather be an obstacle. beachesartsandcraftsshow.ca

The annual Taste of Little Italy festival transforms College Street, from Bathurst to Shaw, into an Italian piazza, with walking access to restaurants, shops and music on every corner. Some of the cuisine offered includes veal sandwiches, burgers, vegetables, grilled chicken, shrimp and much more. tasteoflittleitaly.ca

JUNE 14-23

JUNE 14-15

Ontario Craft Beer Week

Mississauga Waterfront Festival

VARIOUS LOCATIONS IN TORONTO

This week of beer celebrates local breweries and the special brands of beer that can only be found in Ontario. Hosted by Ontario Craft Brewers, this festival is entering its fourth year and promises more than 150 events in more than 50 different communities with more than 30 different breweries represented. Many events are hosted at breweries, pubs, restaurants and other venues and events include music, food, tastings and pub crawls. ocbweek.ca

MISSISSAUGA WATERFRONT

Mississauga’s Waterfront plays host to a variety of performances, artisans and food carts from around the community. With 50,000 visitors a year, each festival draws in people from around southern Ontario and the Northeast U.S. to enjoy music and family activities and engage with outreach programs from charitable and non-profit organizations. themwf.com

HOMEBUYERS’ HELP//

Homebuyers’ Resource Section You love the home, see what you can afford! » Compare mortgage rates for your best deal

» Calculate your mortgage payments using the mortgage payment calculation chart

JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 111

Calculate your mortgage payments INTEREST RATE

AMORTIZATION PERIOD

CHART FIGURE

EXAMPLE: 5%

25 YEARS

5.82

MORTGAGE AMOUNT ÷ 1,000 (MORTGAGE AMOUNT $125,000)

125

MONTHLY PAYMENT

Follow these steps to see if you’ll qualify for a mortgage on your dream home

01 02 03

Calculate the combined monthly before-tax income of you and your spouse. Divide by three. This figure is the monthly payment you can afford to make on your home. Take the total price of the home and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.

112 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

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 firsttime buyers take the 25-year amortization.)

Multiply this figure by the amount you need to borrow. Divide by 1,000.

06 07

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

»B ear 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 andget pre-qualified.

Mortgage payment calculation chart %

INTEREST RATES

10 YEARS

AMORTIZATION PERIODS

15 YEARS

20 YEARS

25 YEARS 4.73

4.21

4.99

4.48

3.00%

9.65

6.90

5.54

3.50%

9.88

7.14

5.79

3.25% 3.75%

9.76

9.99

4.00%

10.11

4.50%

10.34

4.25% 4.75%

5.00% 5.25%

5.13

7.38

6.04

5.26

7.63

6.30

5.53

7.50 7.75

7.88

6.17

6.44

5.40 5.67

6.57

5.82

6.85

6.10

10.94

8.27

6.98

6.25

6.25%

11.19

8.53

7.26

6.55

6.50%

5.91

5.75%

5.50%

10.58

4.86

8.01

6.00%

10.46

7.26

5.66

10.70

10.23

7.02

6.75%

7.00%

7.25%

7.50%

7.75%

10.82 11.07 11.31 11.43

8.14

8.40 8.66

8.80

11.56

8.93

11.81

9.21

11.68

11.94

9.07

9.34

7.12 7.41

7.55

7.69

7.84

5.96

6.40 6.70

6.85 7.00 7.16

8.59

9.00%

12.58

10.05

8.86

8.28

12.84

10.33

9.20

8.62

9.52

8.95

9.25%

9.50% 9.75%

10.00%

10.50%

10.25% 10.75%

11.00%

11.25%

12.71

12.97 13.10

13.24 13.37 13.50

13.64

13.77

9.90

10.19

10.48

10.63 10.77 10.92

11.06

11.22

11.36

5.34 5.49

5.64 5.79 5.95

6.11

6.26 6.42

6.59

6.75

7.95

9.76

12.45

5.19

7.25

7.47

12.32

8.75%

5.04

7.63

8.50%

4.90

8.28

8.14

9.62

4.76

6.91

12.06 12.19

4.61

7.32

8.00% 8.25%

4.34

7.99

9.48

6.74

30 YEARS

8.44 8.74

9.05

9.36 9.68

7.79

7.42

8.12

7.76

8.45

8.10

8.78

8.45

9.12

9.84

9.29

10.16

9.63

10.00

10.32

11.50%

13.91

11.52

10.49

12.00%

14.18

11.82

7.08

9.46

9.80

7.59

7.93

8.28 8.63

8.80 8.98 9.16

9.34

9.52

9.97

9.70

10.81

10.32

10.06

11.15

10.67

10.43

11.75% 14.04 11.66 10.65 10.15 9.88

12.25%

14.32

12.75%

14.59

12.50%

14.46

11.97

10.98

12.28

11.31

12.13

10.49

10.85

10.25 10.61

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 113

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 4 2.94 2.89 2.99 3.04 3.39 6.30op 6.30op 6.50op Alterna Svgs/Alterna Bk 2.6 4 2.98 2.98 2.98 2.94 3.14 6.30op 6.30op Bank of Montreal 3 4 3.14 3.04 3.85 4.39 3.29 6.30op 6.30op Bank of Nova Scotia 2.6 4.55 3.29 3.14 3.44 2.94 2.97 6.45op 6.50op Canadian Western Bank 4 3.14 3.04 3.75 4.39 4.99 6.45op 6.30op CFF Bank 3.69 3.75 2.69 3.79 3.24 CIBC 3 3.09 2.79 3.75 2.97 4.99 6.70op 6.35op HSBC Bank Canada 2.55 4.45 2.7 3.95 2.93 3.09 3.49 6.20op 6.35op ICICI Bank Canada 3.05 3.15 3.65 3.64 3.69 3.89 Manulife Bank 2.7 4.45 3 3.05 3.1 3.14 3.19 3.50op National Bank n/a 4.4 3.14 3.04 3.75 2.95 3.39 6.70op 6.70op Presidentâ&#x20AC;&#x2122;s Choice Finan 3 3.24 3.59 3.69 4.09 Royal Bank 3 3.14 3.04 3.75 4.54 4.94 6.30op 6.30op TD Canada Trust 3 3.09 2.79 3.44 2.97 3.39 6.30op Tangerine 3 3.19 3.24 3.49 3.69 3.99

TRUST COMPANIES Community Trust n/a Effort Trust n/a Home Trust Company 2.5 Investors Group Trust n/a MTCC 2.6

6.5 3.14 3.25 3.95 4.74 4.99 4.45 3.25 3.6 3.7 4.6 4.95 6.30op 6.30op 3.95 2.89 2.89 2.79 2.94 3.04 4.2 3.14 3.14 3.75 4.64 4.99 6.50op 6.30op 4.55 3.29 3.14 3.44 2.94 2.97 6.45op 6.50op

OTHER FINANCIAL INSTITUTIONS Airline Financial C.U. 4 3.01 3.1 3.33 3.65 3.99 6.25op Comtech Credit Union 2.95 6.2 2.99 3.25 3.29 2.99 2.99 6.40op 6.30op First National Fin. LP 3.95 2.99 2.59 2.79 2.77 3.09 FirstOntario C.U. 2.6 3.09 3.14 3.29 2.89 3.04 6.34op 6.34op IC Savings 3.05 2.99 2.99 3.39 3.39 London Life n/a 4.2 3.14 3.14 3.75 4.64 4.99 6.50op 6.30op Luminus Financial 2.55 3.05 2.75 2.95 2.9 2.95 6.3 MCAP 2.6 3.6 3.95 4.35 4.89 5.14 Meridian Credit Union 2.6 4 3.09 3.14 3.65 4.39 2.95 6.30op Parama Credit Union 2.85 2.85 3.05 3.15 3.25 3.4 3.00op Steinbach Credit Union 2.5 2.65 2.8 2.9 2.95 3.1 Notes: **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice. R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE June 2, 2014. Prepared By Fiscal Agents Financial Information Services 905.844.7700

114 NEW HOME GUIDE GTA | JUNE 14 - 28, 2014

Arista Homes

North York – Goddard on the Valley

Grand opening now on for these semis and select number of detached homes. aristahomes.com Arista/Fieldgate/Paradise/Starlane

GTA

HOT SHEET BUILDERS: If you would like to include your new model home or site opening, email wayne.karl@wall2wallmedia.com. Please say you saw it in New Home Guide!

NEW OPENINGS Menkes

Etobicoke – Humber Mews

Now open – townhomes at Browns Line and Evans Ave. menkes.com Marydel Homes

Beaverton – Seven Meadows

Now open – small-town living in this collection of detached bungalows and twostorey homes. marydelhomes.com Lindvest

North York – The Brownstones at Westown

Unionville – Upper Unionville

Now open – urban/lane/luxury townhomes, semis and 34-, 38- and 42-ft. singles. livingatupperunionville.com Fieldgate Homes

Brampton – Valleylands on Chinguacousy

Grand opening – freehold towns, 28-ft. linked singles, 38- and 45-ft. detached singles. fieldgatehomes.com Menkes

North York – Bloom Park Towns

Now open – townhomes at Bathurst St. and Finch Ave. menkes.com Mattamy Homes

Grand opening of this new master-planned community in north Oshawa. mytribute.ca

Augustine Group

Lake Simcoe – Crates Landing

Now open – the beauty of Lake Simcoe at an affordable price. crateslandingcondos.com Averton Homes

Mount Albert – Victoria Highlands

Now open – community of bungalows and two-storey homes. victoriahighlands.com Brookfield Homes/ Orchard Ridge Homes

New release of detached single-family homes on private ravine and pie-shaped lots. monarchgroup.net Rosehaven Homes & Townwood Homes

Brampton – Mount Pleasant

New release of freehold towns, attached singles and detached homes on 30-, 38-, 41- and 45-ft. lots. lovemountpleasant.com Mattamy Homes

Oakville – The Preserve

Markham – Cornell Rouge

Richmond Hill – The Humberlands

Grand opening – 30-, 36- and 50-ft. singles close to parks, schools, shopping and more. fieldgatehomes.com Ballymore Homes/Briarwood Homes

Tottenham – Mill Street Village

Grand opening – towns, semis and detached homes on 33- and 40-ft. lots. millstreethomes.com Aspen Ridge Homes & Great Gulf Homes

King City – King Oaks

Now open – designer-furnished models of 70-, 80- and 90-ft. estate lot homes on the Oak Ridges Moraine. aspenridgehomes.com & greatgulfhomes.com

National Homes

Oshawa – U.C.

Monarch

Ajax – TranQuility

Fieldgate Homes

Tribute Communities

New 38-ft. designs in a community of townhomes, semis and detached homes. empirelakeside.com

A new release of Village Homes and 34-, 38- and 45-ft. detached homes, many on a private crescent. mattamyhomes.com

Aspen Ridge Homes

Nobleton – Gates of Nobleton

Empire Communities

Brampton – Lakeside

Brampton – Mount Pleasant North

Now open – this selection of three-storey townhomes and detached homes on 30-, 38and 45-ft. lots. mattamyhomes.com

Model suite now open at this collection of stacked two-bedroom condominium townhomes at Weston Rd. and Sheppard Ave. W. lindvest.com Grand opening now on – luxurious detached homes on 50-, 60- and 70-ft. lots. mytribute.ca

NEW RELEASES

Richmond Hill – Kettle Lakes Club

Now open in Richmond Hill – a collection of executive townhomes on a protected ravine. aspenridgehomes.com

Forest Hill – The Churchill Collection

Now open at Spadina and St. Clair, refined townhome residences. churchillcollection.ca Menkes

Georgetown – The Enclaves of Upper Canada Now previewing – semi-links and detached homes in Georgetown. menkes.com

Forest Hill Homes & Madison Homes

New release – freehold towns and singles on 30-, 36- and 40-ft. lots with attached garages. Eight models now open. cornellrouge.com Ballantry Homes

Brampton – Spring Valley Village

New release of semi-detached and detached homes surrounded by valley lands. ballantryhomes.com Tribute Communities

Oshawa – Park Ridge

New 40-, 50- and never before seen 36-ft. designs on extra deep lots. mytribute.ca

Aspen Ridge Homes

Markham – Upper Cornell

New release now available – semis and detached homes on 30-ft. lots. aspenridgehomes.com Great Gulf Homes

Bradford – Summerlyn Village

Limited edition detached homes on premium conservation lots. greatgulf.com Reids Heritage Homes

Meaford – Gates of Kent

New block of bungalow townhomes – elegant and carefree condominium living, close to all amenities. Starting from $244,900 reidsheritagehomes.com

Monarch Corporation

Kleinburg – Kleinburg Crown Estates

Now open – 42- and 50-ft. singles to Major Mackenzie Rd. and Hwy. 27. monarchgroup.net Rosehaven Homes

Kleinburg – Kleinburg Heritage Estates

Now open – homes of distinction on unique 60-to 70-ft. lots. kleinburgheritageestates.com

Alliston – Treetops

Model homes now open for this masterplanned community next to the Nottawasaga Resort. treetopslife.ca JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 115

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HOT SHEET BUILDERS: If you would like to include your new model home or site opening, email wayne.karl@wall2wallmedia.com. Please say you saw it in New Home Guide!

PREVIEW REGISTRATION CountryWide Homes

Aurora – The Arbors

Etobicoke – Richview

Freehold townhomes in the heart of Etobicoke from the $570’s. nationalhomes.com Rosehaven Homes

Caledon – Lotus Point

Coming soon – 36-ft. singles from the low $600’s and freehold towns from the mid $400’s. moveuptocaledon.ca Rosehaven Homes

Bradford – Dreamfields

Coming fall 2014. dreamfieldsbradford.com Menkes

Etobicoke – Dwell City Towns

Vaughan – Vellmore Woods

Coming soon to Vaughan – exclusive 36and 42-ft. singles. aristahomes.com Arista/Fieldgate/Paradise

Kleinburg – Impressions

Pre-construction savings for these freehold townhomes and semis, and 30-, 38- and 44-ft. detached homes. impressionskleinburg.com Greenpark/Starlane

Mississauga – Churchill Woods

Oakville – Oak Park

Milton – Hawthorne Village On The Escarpment

Coming soon, exclusive new townhome designs on the Escarpment. mattamyhomes.com Madison Homes

Richmond Hill – Jefferson Forest

Grand opening coming soon! Register now for a collection of detached homes and freehold towns. madisonhomes.ca Great Gulf

Brampton – Mount Pleasant

Preview opening at Bovaird and Creditview – full depth lots with unique standard features. greatgulf.com CountryWide Homes

Newmarket – Woodland Hills

Coming soon – towns and singles, some with court, ravine and pie-shaped lots. countrywidehomes.ca Brookfield Residential

Tottenham – Willow Glen

Preview opening on now – register now for these towns and singles from the $300’s. brookfieldhomes.ca Treasure Hill Homes

Richmond Hill – Urbantowns at Bayview

Coming soon – register now freehold townhomes at Bayview and Hwy. 7. treasurehill.com Treasure Hill Homes

Markham – Accolades

Last chance to live in this established Markham community of singles, semis and townhomes. treasurehill.com CountryWide/Greenpark/ Royalcliff/Starlane/Townwood

Brampton – Gates Of Countryside

Register now for all new phase of semis and 38- and 47-ft. singles in an established, family-first neighbourhood. gatesofcountryside.ca Monarch Corporation

Ajax

Coming soon to Ajax – 40-ft. designs. Discover a lifestyle infused with nature. Register now! monarchgroup.net Fieldgate Homes

Markham – Victoria Manor

Coming soon – register now for luxury singles on 40-ft. lots in a prestigious neighbourhood at Woodbine and Major Mackenzie. fieldgatehomes.com

Heathwood Homes

Richmond Hill – Hampshire Mews

Now previewing in Richmond Hill – an enclave of urban towns on Yonge St. heathwood.com Ballantry Homes

Oakville – OakPark

Register now for this collection of urban townhomes and midrise condominiums, coming soon to Oakville. ballantryhomes.com National Homes

Newmarket – Stonehave

A ravine enclave in a mature community – 35-, 40- and 50-ft. lots near highways, shopping and schools. nationalhomes.com Delpark Homes

Sutton – Cedar Ridge

Coming soon – register now for towns and singles from the upper $200’s. delparkhomes.ca Brookfield Homes

Uxbridge – Foxtrail

Whitby – Forest of Lyndebrook

Register now for Whitby’s best 40-ft. lot value – detached homes with double-car garages from the $400’s. lakeviewhomesinc.com Beaverhall Homes

Milton – Forestwood in Milton

Now previewing in Milton – semi-towns and singles in a sought-after location. beaverhall.com Amacon

Mississauga – The Towns at Parkside Village

Sutton – Jubilee

Coming soon to Sutton – singles on 36-, 40and 50-ft. lots from the $300’s. myjubilee.ca Starlane Homes & Valery Homes

Brampton – Mount Pleasant Meadows

Coming spring 2014 – semis and singles at Creditview Road and Wanless Drive. meadowsbrampton.com Arista/Fieldgate/Paradise/Opus

Aurora – Aurora Trails

Register now to be among the first at the preview opening of these luxurious singles, semis and towns. auroratrails.com Lindvest

Newcastle – Gracefields

New phase with 50-ft. lots this spring. lindvest.com Sunrise Homes

Oakville – Bronte Harbourside

Launching soon – 18 exquisite homes close to the water in a rare Oakville location. sunrisehomes.ca

Bradford – DreamFields

JUNE 14 - 28, 2014 | NEW HOME GUIDE GTA 117

advertiserindex Arista Homes - Goddard on the valley

Fieldgate Homes - BlueSky Stouffville

Arista Homes - Jefferson Forest

Fieldgate Homes - IMPRESSIONS

Insert & 25

Aspen Ridge Homes - Corporate

Fieldgate Homes - Jefferson Forest

Insert, 25 & 29

Aspen Ridge Homes - Upper West Side

Fieldgate Homes - Lotus Pointe Caledon

Insert & 25

Fieldgate Homes - The New U

Insert & 25

Aspen Ridge Homes - Woodland Hills

IFC

Ballymore Homes - Jubilee

Fieldgate Homes - Valley Lands

Insert & 25

Ballymore Homes - Mill Street Village

Fieldgate Homes - Vaughan Valley Estates

Insert & 25

BILD - Promo

104

Flato Developments Inc. - Corporate

Briarwood Homes - Jubilee

Forest Hill Homes - Cornell Rouge

Briarwood Homes - Mill Street Village

Forest Hill Homes - Derry Village Mississauga

Brookfield Homes - BrookHill

Forest Hill Homes - Jefferson Forest

Brookfield Homes - Grand Central

Geranium Homes - Uptownes at Cardinal Point

Canpages - Promo

Grandview Homes - Mayberry Estate

Great Gulf - Mount Pleasant

Great Gulf - Rolling Meadows

Great Gulf - Summerlyn Village

Great Gulf - Westfield

Greenpark Homes - Vales of the Humber Estates

Heathwood Homes - Hampshire Mews

Conservatory Group - Upper West Side

Country Wide Homes - The Arbors

Country Wide Homes - Upper West Side

Digital Device - Promo

Empire Communities - Corporate

105

30-31

Family of Magazines - Promo

116

Fieldgate Homes - 90 Niagara

Insert & 25

Highmark Homes - Nuvo

Fieldgate Homes - Aurora Trails

Insert & 25

Homes by DeSantis - Lyonâ&#x20AC;&#x2122;s Creek

118 New home guide GTA | june 14 - 28, 2014

LeBovic Homes - Old Taunton in Pickering

103

Menkes - Somerset

Lormel Homes - La Viva

Menkes - The Enclaves of Upper Canada

Losani Homes - Victoria Common

Model Home Calendar - Promo

Luxury Living Magazine - Promo

Monarch Corporation - Corporate

Madison Homes - Cornell Rouge

11 & 43

100

120 & IBC

National Homes - The Townes of Richview

Madison Homes - Greensborough

Plaza Premium Lounge - Promo

Madison Homes - Jefferson Forest

Primont Homes - Castlemore

Madison Homes - Thornhill

Primont Homes - Centretown

Mancini Homes - West Ridge Place Orillia

Primont Homes - Heirloom in Markham

Marydel Homes - Seven Meadows

Primont Homes - Renaissance Townes

Mattamy Homes - Corporate

Mattamy Homes - Downsview Park

Regal Crest Homes - Upper West Side

Rosehaven Homes - Corporate

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Mattamy Homes - Hawthorne Village

Rosehaven Homes - Lyonâ&#x20AC;&#x2122;s Creek

Mattamy Homes - Mount Pleasant North

Schwarz Law LLP - Barristers & Solicitors

Mattamy Homes - St. John Forest

Shopping Guide - Promo

Mattamy Homes - Wildflowers

Starlane Home Corporation - Vales of the Humber Estates 27

Menkes - Bloom Park Towns

Townwood Homes - Upper West Side

Menkes - Corporate

Treasure Hill Homes - Corporate

Menkes - Dwell city town

Treasure Hill Homes - Model Home of the Month

Menkes - Humber Mews

Treasure Hill Homes - Vales of the Humber Estates

Menkes - Millstone On The Park

Tribute Communities - Charing Cross

june 14 - 28, 2014 | New home guide GTA 119

Monarch first. Since 1917, Monarch has been at the heart of so many family histories. First homes. First memories. First accomplishments. First friends. And first loves. For almost a century, the reassuring welcome of a Monarch home on a Monarch street has brought thousands and thousands of families closer together. So if youâ&#x20AC;&#x2122;re looking for a new home, trust the oldest, strongest and most respected name in Canadian homebuilding. Choose Monarch. First.

MONARCH COMMUNITIES KLEINBURG | Kleinburg Crown Estates | Designer Decorated Models Singles from the upper $800,000’s Sales Centre located at 165 Timber Creek Boulevard 416-495-3513 CALEDON | SouthFields | Designer Decorated Models Singles & Live.Work Towns from the low $600,000’s Townhomes from the upper $300,000’s Sales Centre located at 12515 Old Kennedy Road, Caledon (Old Kennedy Rd. and Mayfield Rd.) 905-843-0707 AJAX | Tranquility | Only Few Lots Remaining Singles from the upper $500,000’s Sales Centre located at 3 Bignell Crescent (Salem Rd. North & Rossland Rd. East) 416-495-3542 SCARBOROUGH | Parkwood | Register Now Freehold Towns coming this July KITCHENER | Topper Woods | Register Now Singles coming this June HOURS: Monday – Thursday: 1pm – 8pm, Friday: 12pm – 5pm, Weekends & Holidays: 11am – 6pm

ALSO BUILDING HIGH RISE COMMUNITIES IN: Etobicoke | Markham | Downtown Toronto

discover more

MonarchGroup.net Please see a sales associate for full details. E.&O.E. 11242

first.

ASPIRE TO OPEN-CONCEPT DESIGN. AT HOME. AND IN YOUR COMMUNITY. Welcome to Newmarket’s Woodland Hills, where you’ll experience a neighbourhood fabric that strikes a dramatic blend between big city amenities and small town charm. Discover gracious family homes where design consideration goes into every last detail, and where nature’s “exterior design” includes a conservation area and a natural community pond for all to enjoy. Now Open! Visit the Presentation Centre north of Davis Drive on Bathurst, Newmarket.

aspenridgehomes.com

ASPIRE TO STANDARD FEATURES THAT FEEL SIGNATURE. What makes for good design? At Aspen Ridge, we believe it’s the moment your aspirations become actualizations. The moment your dream kitchen becomes a space where you sip, stir, savour. When interiors not only have the best designer finishes, but are designed to your tastes. Trends fade. Styles change. Good design? It withstands the test of time. That’s what we aspire to.

PRESENTATION CENTRE NOW OPEN 18001 Bathurst St., Newmarket Towns from the $450’s | Singles from the $570’s 416.270.9484 | aspenridgehomes.com Aspire to great design.

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mattamyhomes.com

New Urban Style. New Urban Neighbourhood. City Living Redfined. Downsview Park is a new community that shifts the paradigm in how you live in the city. It’s urban. It’s a world right outside your front door. It’s fresh city living. • Downsview Park offers Rear Lane Townhomes, unique Stacked Homes all styled for contemporary, urban living • There’s a world-class 300 acre park outside your door • There’s a lake and trail system • Live minutes from the Subway

• • • • •

Minutes to Yorkdale shopping Close to York University Easy access to downtown Homes measured by LEED™ rating system Downsview Park is in sync with the city

Stacked Towns From $319,990 Rear Lane Towns From $489,990

ELEV. ‘A’

TORONTO Sales Centre: 2995 Keele Street

Jane St.

ELEV. ‘A’

Rear Lane Townhome, Mount Faber Park I, Elev. ‘A’, 1,985 Sq.Ft., $539,990.

Stacked Townhome, Balboa Park I, Elev. ‘A’, 839 Sq.Ft., $319,990.

Sales Centre

n Rd. Alle

Keele St.

Sheppard Ave. W. 400

Wilson Ave.

401

Follow us: Sales Centre Hours: Monday - Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.