-
Now its easier than ever to live in High Park
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INSIDE THIS ISSUE
GOING GREEN FROM THE GROUND UP
5 THINGS CONDO INVESTORS SHOULD KNOW
A MORTGAGE THAT MEETS YOUR NEEDS
April 12 - 26, 2014 Volume 18 Issue 08
[ 3-WEEK ISSUE ]
CG_Cvr_Apr-12-2014-FIN.indd 1 14-04-07 3:55 PM
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fold
6.875" x 10.5" OGFfold
Tridel. Everywhere you want to be.
tridel.com
TRI 23481 CG GF IFC OBC Apr 14.indd 1 4/2/2014 10:19 AM
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FOR THOSE IN THE KNOW.PREVIEW REGISTRATION |
CUMBERLANDTOWER.COMPRICES AND SPECIFICATIONS SUBJECT TO CHANGE.
E.&O.E. BROKERS PROTECTED. ILLUSTRATION IS ARTISTS CONCEPT.
COMING SOON
A NEW SIGNATURE RESIDENCE
AT CUMBERLAND AND AVENUE ROAD
FROM $349,900
THIS IS YORKVILLE
AT ITS VERY BEST.
-
EDITORS NOTE
TAKING THE LEAP
LYDIA MCNUTTEDITOR
Wall2Wall [email protected]
Follow me on Twitter at Twitter.com/LydiasTweets
SUSAN LEGGEEDITOR-IN-CHIEF
Wall2Wall [email protected]
Follow me on Twitter at Twitter.com/SusanLegge
Like us on Facebook Search: Condo Guide
The Bank of Canadas latest announcement to hold its interest
rate target at one per cent does not come as a surprise. The
experts expect that to hold steady at the next BoC rate
announcement coming up on April 16, and well into mid-2014. The
rate has been holding at that level since September 2010, which is
good news if youre in the market for a mortgage.
There are many excellent mortgage products available from banks
and brokers that will suit your individual needs, and could well be
lower than posted bank rates, which are currently hovering around
three per cent for a variable rate. With a pre-approval in hand,
youre protected if rates rise; if they go down, youll likely get an
even lower rate. A pre-approval can be a win-win situation for
shoppers, since it means you dont have to wait to get financing
approval on a home when you put in an offer. This is an especially
good tool to have when markets are hot. Removing the conditional on
financing clause could mean your offer is accepted first since you
already have your financing in place.
So when will rates rise? Its anyones guess, but most experts
agree its unlikely there will be any significant movement until
mid-year.
However, we cant assume that will be the case, and you shouldnt
wait too long to get pre-approved for a mortgage. It can take a few
days. Many lenders offer online pre-approvals to make the process
faster and easier.
Start the spring season off right by taking advantage while you
still can.
GREAT RATES HOLDING STEADY
A home is probably the biggest purchase youll make in your
lifetime, and its also arguably the one that will bring you and
your loved ones the most joy. In the long run, real estate is
generally a sound investment that yields security and a good
return, should you ever decide to sell. And if youre looking for
immediate gratification, nothing beats the feeling of stepping
through the door and knowing youve arrived home.
There are about as many different types of condos out there as
there are types of buyers. Whether youre leaning toward a
small-but-sweet loft in the downtown core, with every imaginable
amenity steps from your front door, or you have your eye on a
spacious townhome in a quiet part of town, rest assured that the
perfect home is out there for you!
Its important to keep an open mind but also know what you want.
You may have your heart set on a two-bedroom condo but can you live
with one bedroom in the interest of a balcony or rooftop patio? You
decide. You may be surprised at where you end up.
Heres where it helps to make a list. Note your must-haves and
know what youre willing to compromise on. Dont forget to check out
the amenity spaces. While not within your four walls, the lobby,
fitness facilities, barbecue areas and the like are an extension of
your living space, impacting your lifestyle while you live there as
well as the resale value when you choose to sell.
Buying a home is an important purchase, but dont be a victim of
over-analysis paralysis. Have fun and enjoy the ride!
002 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
NOW UNDER CONSTRUCTION | OCCUPANCY SCHEDULED FOR THIS SPRING
C O N D O M I N I U M S
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IMP2 32843 Condo Guide Ad.indd 1 2014-03-05 2:12 PM
APRIL 12 - 26, 2014 NEW CONDO GUIDE 003
-
LEGALLY SPEAKING Jayson SchwarzJayson Schwarz LL.M is a Toronto
real estate lawyer and partner in the law firm Schwarz Law LLP.
Visit the website at schwarzlaw.ca or email [email protected].
BILD REPORT Bryan TuckeyBryan 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 BILDs
official blog (bildblogs.ca).
DESIGNER ADVICE Yanic SimardYanic Simard is New Condo Guides
design editor and the principal designer of the Toronto Interior
Design Group, specializing in residential and commercial projects.
Simard has created designs for clients in Toronto, Montreal and
Miami, and appears as a regular guest expert on Citytvs CityLine.
Visit tidg.ca
CONDO PRO Barbara LawlorBarbara Lawlor is president of Baker
Real Estate Inc., and an in-demand columnist and speaker. A member
of the Baker team since 1993, Barbara oversees the marketing and
sale of condominium developments in the GTA and overseas.
VICE-PRESIDENT, WALL2WALL MEDIA Jacqueline HillEDITOR-IN-CHIEF /
DIRECTOR OF CONTENT Susan LeggeDIRECTOR OF SALES, NATIONAL Josh
HeppnerASSOCIATE PUBLISHER SWO NEW HOMES & LIFESTYLE
COMMUNITIES Susan Maxwell ART DIRECTOR Sarah JangEDITOR Lydia
McNuttCONTRIBUTING EDITORS Sara Duck Wayne Karl Elisa
KrovblitDESIGN EDITOR Yanic Simard
SALES MANAGER Conni RobinsonSENIOR ACCOUNT EXECUTIVE Dionne
Fraser [email protected] ACCOUNT EXECUTIVE
Nina Downs [email protected]
SALES & MARKETING CO-ORDINATOR Terry BassettADMINISTRATIVE
ASSISTANT Antoinette Jackson
PRODUCTION MANAGER Bala GnanapandithanPRODUCTION CO-ORDINATOR
Sandra Hanak-VujnovicGRAPHIC DESIGNERS Caroline Wassef Sandra
Hanak-Vujnovic
#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F
416.784.5867
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
Wall2Wall Media. Reproduction in any form is prohibited. Contents
of this publication are covered by copyright and offenders will be
prosecuted under the law. TERMS Advertisers, editorial content and
new condo guide are not responsible for typographical errors,
mistakes or misprints. All prices are correct as of press time and
are subject to change without notice. E. & O. E. EDITORIAL
submissions from interested parties will be considered. Email to
[email protected]. The views and data expressed by
columnists do not necessarily represent those of the
publication.
CONTRIBUTORS NEW CONDO GUIDE
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.
MAKE YOUR MOVE Chuck ResnickChuck Resnick is vice-president of
marketing and operations at Two Men And A Truck Canada, a division
of Heron Capital Corp. He can be reached by visiting online at
twomen.ca and by calling 416.204.0007.
Published By
INVESTOR ADVICE Andrew la FleurAndrew la Fleur is an
award-winning realtor with Re/Max. Andrews expertise is in helping
investors make money in the Toronto condo market. Visit
TrueCondos.com/NewCondoGuide for a free gift. Contact Andrew at
416.371.2333 or [email protected]
MONEY MATTERS Gail Vaz-Oxlade Gail Vaz-Oxlade is the host of Til
Debt Do Us Part, author of Debt Free Forever and blogs daily at
gailvazoxlade.com. Follow Gail on Twitter at
twitter.com/GailVazOxlade
CITY SCENE Brad J. LambBrad J. Lamb is president of Lamb
Development Corp. and Brad J. Lamb Realty. Over the last 25 years
he has successfully led the marketing and sales programs for over
100 condominium projects in Toronto, Ottawa, Montreal and most
recently Calgary. Visit torontocondos.com or follow Brad on
Facebook, Instagram and Twitter @BradJLamb
CONDO SENSE Don KearneyDon Kearney is manager of customer
communications and social media at Menkes Developments Ltd. Follow
Menkes on Facebook at facebook.com/MenkesLife, and on Twitter at
twitter.com/MenkesLife
004 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
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NEWRELEASE
BAZI-NO1-A-AD-CONDOGUIDE-MAR31-5.indd 1 14-04-04 8:05 AM
APRIL 12 - 26, 2014 NEW CONDO GUIDE 005
-
WHERE IN THE EMPIRE DO YOU WANT TO LIVE?
Celebrating 20 years in the building industry, Empire
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$5,000 with offer and balance to 5% in 30 days, 5% on occupancy.
All deals MUST have a valid mortgage approval from Vendors bank
(TD). Restrictions apply to the Cash Back incentive, new release
sales program, special Deposit Program, Easy Buy Program, The
Opening Bonus of up to $80,000 and other incentives and sales
programs which are site specifi c. Limited time offer. Please see
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ood Ave.
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006 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
WHERE IN THE EMPIRE DO YOU WANT TO LIVE?
Celebrating 20 years in the building industry, Empire
Communities continues to raise the bar in urban living with a range
of iconic communities across the GTA.
EMPIRECOMMUNITIES.COM
REMARKABLE RESIDENCES. REMARKABLE MARKHAM.
Your fl oor. Your Suite. One Price.* Up to $10,000 cash back or
2 years free maintenance.*
SUITES FROM THE MID $200s** NOW OPEN TheMarkCondos.ca
MARKHAM9560 Markham Rd.
905.554.5015
16th Ave.
Bur Oak Ave.
Mar
kham
Rd.
N
OAKVILLE521 Kerr St.
905.845.7246HWY 403/QEW
Lakeshore Rd.
Cornwall Rd.
Wyecroft Rd.
Speers Rd.
Dorval Dr.
Kerr St.
Trafalgar Rd.
Lake OntarioLake Ontario NNOAKVILLES HOTTEST NEW RELEASE!
New Suite designs up to 1,400+ sq.ft., $10,000 cash back,
special deposit program and other great incentives.*
SUITES FROM THE $200s** NOW UNDER CONSTRUCTION
RainCondos.com
TORONTO2183 Lake Shore Blvd. W.
416.503.3328
THE NEXT GENERATION OF WATERFRONT LIVING
Ask about our Opening Bonus of up to $80,000.*
SUITES FROM THE LOW $300s**
NOW OPEN EauDuSoleilCondos.com
Parklawn Rd
LegionRd
Marine
Par
ade D
rive
N
Free Maintenance & Taxes for One Year.Live Life on Tomorrows
Fast Lane.Make the Switch.Get Connected toTheHUB.
Suites From the Mid $200s**
* Empires Easy Buy Program varies by project and is applicable
on selected suites. $1,000 with offer plus $1,000 per month for the
next 17 months. Balance to 15% in 1.5 years. 5% Deposit Program
$5,000 with offer and balance to 5% in 30 days, 5% on occupancy.
All deals MUST have a valid mortgage approval from Vendors bank
(TD). Restrictions apply to the Cash Back incentive, new release
sales program, special Deposit Program, Easy Buy Program, The
Opening Bonus of up to $80,000 and other incentives and sales
programs which are site specifi c. Limited time offer. Please see
sales representative for details on programs and incentives,
certain restrictions apply. **Prices, sizes and specifi cations are
subject to change without notice. Exclusive Listing Brokerage: TFN
Realty Inc. Brokers Protected. Rendering is artists concept.
E.&O.E. March 2014.
& 5% Deposit Program*PROGRAM*EASY BUYASK ABOUT EMPIRES
Visit us Today and View our Two Designer Model Suites!TheHUB
Presentation Gallery1603 Eglinton Ave. West(Eglinton &
Oakwood)
Mon-Fri 12pm to 6pmSat - Sun + Holidays 12pm to 5pmFree Parking
Available On-site
P: 416-7-THE-HUB (416-784-3482)EmpireTheHub.com
NEW TOWNHOME RELEASE!
#EmpireTheHub
Allen Rd.
Marlee Ave.Eglinton Ave. W.
Oakw
ood Ave.
Glenholm
e Ave. Lanark Ave.
Winona D
r.
Dufferin St.
APRIL 12 - 26, 2014 NEW CONDO GUIDE 007
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THE LOW $300s
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OW
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IEW
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008 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
NOW PREVIEW
ING
Exclusive Listing Brokerage, Circle M Realty Corporation,
Brokerage. Brokers Protected. Illustration is artists concept.
Prices and specifi cations are subject to change without notice. E.
& O.E.
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QUEEN ST W
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ON
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IN S
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DBURY ST
RAW. ORGANIC. UNSCRIPTED.
DOVE 32620 Condo Guide.indd 1 2014-03-06 9:27 AM
APRIL 12 - 26, 2014 NEW CONDO GUIDE 009
-
// BY BRYAN TUCKEY BILD REPORT
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
BILDs official blog (bildblogs.ca).
Imagine a world in which everyone has a similar vision of what
it takes to build a great city. Thats the vision of the home
building and land development industry.
The industry faces many hurdles in executing great city plans
but believes it will take the power of alignment to get Toronto and
GTA to the next level. That means aligning all of the stakeholders
involved: politicians and senior civil servants at both the
municipal and provincial level, the industry, new-home buyers and
the public.
As you can imagine, the GTA was a different place 40 years ago
and today all of our partners must share a common vision of
policies, values and outcomes to ensure that our industry can
continue to build quality, complete communities for up to 100,000
people and 50,000 jobs that come to this vibrant region every
year.
Recently, BILD and the Ontario Home Builders Association
submitted two papers to the province on the Development Charges and
Land Use Planning and Appeals consultations that offer up some very
worthy solutions to make the development process more
efficient.
Among our solutions, we believe that there is a lack of fair and
consistent application of provincial planning policy through
municipal planning documents across Ontario.
Its difficult to set a course for that new vision of building
complete communities when many zoning bylaws around the GTA date
back to the
1980s and 1990s, with some even from the 1950s. The lands most
affected by outdated planning policies are often in
downtown areas and transit corridors. Both areas are earmarked
in the provincial Growth Plan, Places to Grow, to be the focus of
intensification. The problem is that landowners must apply to
rezone the land at a costly price in order to build there.
The province must do more to encourage municipalities to update
zoning bylaws to reflect the intent of Places to Grow by pre-zoning
and pre-designating lands, streamlining the process of building
approval so that municipalities can create a city that lives up to
the goal of the provincial plans vision.
If municipalities updated their zoning bylaws as they refreshed
their Official Plans (OPs), they would reduce unnecessary
processing delays, which would save new-home buyers a lot of money
and help them achieve their dreams of home ownership. Best of all,
this shift in priorities doesnt have to cost taxpayers a penny. Its
simply a change in using the public resources that are already in
place.
Legally, Official Plans must be updated every five years and
zoning bylaws within three years of an OP update. The province must
take on greater responsibility to ensure municipalities are meeting
this legislative requirement. This will lead to more certainty,
fewer building delays and fewer appeals to the Ontario Municipal
Board.
We are all in this together and we should all be part of the
solution. The industry, the consumer and government partners must
work collaboratively for solutions and with integrity. It is time
to imagine the city region in 40 years and make that vision happen.
Thats alignment.
Together with our partners in government, BILD will continue to
work toward building safe, quality, complete communities that
new-home buyers can afford to purchase. Why do we care so much?
Because we live here, too.
Great city building requires SHARED VISION
We are all in this together and we should all be part of the
solution
010 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
See The Britt from a Different Point of View!
CONSTRUCTION START
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Exclusive Listing Broker Milborne Real Estate Inc. Brokers
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BRIT 33180 Condo Guide Ad.indd 1 2014-04-01 12:49 PM
APRIL 12 - 26, 2014 NEW CONDO GUIDE 011
-
TABLE OF CONTENTS
Apr 12 26, 2014 VOLUME 18 ISSUE 08
20
002 EDITORS NOTE
COLUMNISTS
010 BILD REPORT Great city building requires shared vision BY
BRYAN TUCKEY
016 HOME SWEET HOME Headlines and market predictions vs. your
reality BY LYDIA MCNUTT
030 LEGALLY SPEAKING The importance of the Pre-Closing
Inspection BY JAYSON SCHWARZ
032 CONDO SENSE Keeping people moving across the GTA BY DON
KEARNEY
033 THE MORTGAGE MINUTE Whats all the fuss about a market
correction? BY PETER KINCH
054 CONDO PRO Up on the roof: Green in looks and lifestyle BY
BARBARA LAWLOR
062 MORTGAGE FINESSE Choosing the right mortgage for you BY
CALUM ROSS
070 TAXING ISSUES Selling an investment property BY HENRY CHOO
CHONG
080 INVESTOR ADVICE Five things to know before buying an
investment condo BY ANDREW LA FLEUR
086 QUICK TIPS Dont let your stuff control you BY HELLEN
BUTTIGIEG
089 MONEY MATTERS Fixing your credit history BY GAIL
VAZ-OXLADE
116 DESIGNER ADVICE Bedside looks BY YANIC SIMARD
122 MAKE YOUR MOVE Unpack your common sense BY CHUCK RESNICK
IN THE NEWS
014 CONDO OUTLOOK Condo markets still tracking soft landing
028 THE DANIELS CORP. Junior Jazz Jam 2014 launches at Paintbox
Bistro in Regent Park
038 THE DANIELS CORP. Daniels and Habitat for Humanity Toronto
turn over key at Cinema Tower
056 HOME BUYING REPORT First-time buyers increase budgets, while
rising prices cause delays
116
COLUMNS, NEWS &
FEATURES
Daniels invites you to LIVE THE
HIGHPARK LIFESTYLE
-
CONDO PROFILES
52 URBAN CAPITAL River City Phase 3 River City goes extreme
68 EDILCAN DEVELOPMENT CORP. Triumph at Valhalla New release
offers last chance to buy in Triumph at Valhalla
74 TOWER HILL DEVELOPMENTS 2221 Yonge Condominiums Two-year
rental leaseback and two years free maintenance at Yonge and
Eglinton
90 LAMB DEVELOPMENT CORP. The Harlowe Living at The Harlowe will
be a special experience. Heres why.
92 EMPIRE COMMUNITIES The HUB New release of seven spacious
units now available from $599,990
96 STREETCAR The Carnaby Collection New two-storey towns and
penthouse loft condos at Queen and Gladstone
066 ROYAL LEPAGE Toronto housing market posts strong price
appreciation in first quarter of 2014
072 CMHC REPORT March housing starts
076 TRIUMPH DEVELOPMENTS Community and convenience combined at
second phase of Howard Park
078 TRIUMPH DEVELOPMENTS Living clean and Green at Howard Park
Condominiums
094 ALFRED Digital butler takes care of dry cleaning and shoe
shines BY LYDIA MCNUTT
098 LEMINE & DEVRON DEV. Urgently needed residential
opportunities coming to Morningside and Ellesmere
100 CONCERT PROPERTIES Ground-breaking ushers in construction of
88 Scott
104 CURATED PROPERTIES Torontos first Yarn Bombing BY SONIA
BELL
HOMEBUYERS HELP
050 HOT DATES Whats happening in and around the GTA
082 HOMEBUYERS HELP Considerations when taking a less
conventional approach to buying property
088 CONDO WATCH 416 Previews, new releases and grand openings in
the 416
102 CONDO HUNTERS CHECKLIST
114 CONDO WATCH 905 Previews, new releases and grand openings in
the 905
129 CONDO BUYERS RESOURCE SECTION You love the home, see what
you can afford
134 INDEX OF ADVERTISERS
52
74
68
90
92
96
-
IN THE NEWS
CONDO MARKETS STILL TRACKING SOFT LANDING Genworth Canada
releases Winter 2014 Metropolitan Condo Outlook
CONDOMINIUM MARKETS IN MOST CITIES WILL AVOID PRICE DECLINES
IN
2014 and 2015, according to the latest Conference Board of
Canada condo report released by Genworth Canada. The Winter 2014
Metropolitan Condo Outlook forecasts that urban centres of higher
risk, like Toronto, are expected to see the condominium market
cool, but still expect a soft landing. The outlook is generally
stronger in Western cities, including Calgary and Edmonton and even
the Vancouver market is improving.
With a variety of price points and central locations,
condominiums remain an attractive and affordable option for those
who want to be close to all that urban life has to offer, says
Brian Hurley, chair and CEO of Genworth Canada. For first-time
buyers, well-maintained buildings with reasonable maintenance fees
provide that balance between responsible debt investment and home
ownership.
All eight cities covered in the report, along with Canada as a
whole, are forecast to enjoy employment and population growth in
2014 and over the next few years. These gains, along with low
mortgage interest rates, continue to underpin housing demand. An
aging population and rising housing prices should help ensure that
condominiums, popular
with both empty-nesters and budget-conscious first-time buyers,
capture a larger share of this expanding market.
Although many commentators view the Canadian condominium market
as an overvalued bubble about to burst, we think it is only
slightly overheated and enjoys sound economic underpinnings, says
Robin Wiebe, senior economist at the Centre for Municipal Studies
at The Conference Board of Canada.
As such, markets are likely to cool gently. To potential
homebuyers, monthly mortgage payments, rather than house prices,
are what matter and these should remain moderate.
Resale prices for condominiums are expected to rise in both 2014
and 2015 in Canadas major cities. Toronto condominium resale
transactions are forecast to remain flat in 2014, then rise
modestly; while condominium starts fell over 40 per cent last year
as builders faced higher inventories, stronger absorptions will
lift starts both in 2014 and 2015. For 2014, Calgary will see the
largest growth at 3.3 per cent, and Vancouver the slowest at 1.5
per cent.
The Winter 2014 Metropolitan Condo Outlook forecasts that urban
centres of higher risk, like Toronto, are expected to see the
condominium market cool, but still expect a soft landing.
014 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
DONT WAITANSWER THE CALL OF THE
NORTH416.351.1844danielshighpark.com
Nestled within one of Torontos most desirable neighbourhoods,
steps to 399 acres of nature in High Park and the boutique shops
and restaurants in Bloor West Village. HighPark Condominiums is one
of the most successful selling communities in the GTA.
GO NORTH and become part of the success.
WHERE MODERN URBANMEETS MOTHER NATURESophisticated Suite
Finishes Dog Spa
Unique Resident Bike Program Gardening Plots Indoor/Outdoor
Fitness Studio Climbing Wall Party Room with Outdoor Terrace and
View of High Park and Beyond Quick and Easy Access
to Two Subway Stations and Much More
*GO NORTH program is only available on north facing suites. No
interim occupancy fees up to a maximum of 6 months. Parking and
locker incentive only available on suites over 535 sq. ft. Limited
time o er. Conditions apply. See sales representative for full
details. Exclusive Listing: CityLife Realty Ltd, Brokerage. Brokers
Protected. Prices, specifi cations and programs are subject to
change without notice. Illustrations are artist concept.. All brand
names, logos, images, text and graphics are the copyright of the
owners, The Daniels Corporation. Reproduction in any form, without
written permission of The Daniels Corporation, is strictly
prohibited. See Sales Representative for full details. E. &
O.E
ALRE
ADY U
NDER
CONS
TRUC
TION
GO NORTH and discover how Daniels is making it easier than ever
to live the High Park lifestyle!
INCREDIBLE CASH INCENTIVES*
FREE PARKING AND LOCKER*
LIVE FREE WITH NO INTERIM OCCUPANCY FEES*
ONE YEAR FREE MAINTENANCE*
SUITES FROM THE
$300,000s
DANHPK14025 North Suite CondoGuide.indd 1 2014-04-02 3:12 PM
APRIL 12 - 26, 2014 NEW CONDO GUIDE 015
-
If you read my column in the March 29 issue of New Condo Guide
(titled For Sale: An objective approach to an emotional decision)
then youll remember my dread of having to endure weeks (possibly
months) of painful open houses and showings. Well, lucky for us,
that For Sale sign turned to Sold quicker than expected.
Now, those worries about selling our home have shifted to buying
one and meeting everything on our must-have list budget and timing
included.
HOME SWEET HOME // BY LYDIA MCNUTT
Lydia McNutt is an award-winning writer and editor of New Condo
Guide.
Lydias love of architecture, interior design and the written
word have landed her happily at home at Wall2Wall Media,
where real estate rules. Email
[email protected],
and follow her on Twitter @LydiasTweets
In a casual chat with a real estate agent about our plan selling
our home first, then buying he advised me and my husband to take
the reverse route and buy first. Its a sellers market, he said.
Selling wont be the problem, its buying that you should be more
concerned with.
Well, the agent was right on one count our house sold in a
matter of days. But buying before selling? While the idea of taking
our time to house hunt, pack and move appealed to us (my husband
are I are both meticulous planners; we had our whole wedding timed,
right down to the minute!), the possibility of paying two mortgages
simultaneously, or settling for less than list price on our home in
the interest of a quick sale, were certainly not in the plan.
Ultimately, our comfort level dictated that selling before buying
was the way to go. We now know exactly how much equity we have to
put toward our new house, and we wont get stuck paying two
mortgages. To us, this peace of mind is worth the risk of possible
bidding wars and being beaten out by a bigger, better offer. If
fact, we almost expect that scenario. After all, it is a sellers
market, right?
While its a good idea to pay attention to the headlines and all
the advice offered professional and otherwise take it with a grain
of salt. You can never really predict what will happen in the real
estate market, though many may try. Experts guess at where the
market is going based on trends and historic data. And while the
picture may look a certain way from a national, provincial or
city-wide perspective, what happens from one street to the next,
from one price range to the next, can differ dramatically. Your
guess as to what the housing market holds in your specific
circumstances is as good as anyones.
Is it a buyers or sellers market? Will prices rise or drop in
the next few weeks while we search for the best home and the best
deal? What will happen to mortgage interest rates in the short
term? Should we buy now, or wait until the feverish, spring-time
frenzy blows over? Rather than losing sleep worrying about things
you cant predict or control, think about your own circumstances and
plan your future based on your personal facts.
Take an honest look at your financial situation. Review your
assets and debts, including mortgage (current and expected
payments), car loans, lines of credit, student loans and other
bills. Are you secure in your job? Are you planning to grow your
family? Will you be taking parental leave from work, and if so, can
you afford to pay all your bills on your now-decreased income? Once
you figure out what your reality is and where your comfort level
lies, youll be better equipped to make a decision without being
bombarded by the latest headlines.
The key message? Buy when youre ready for the market, not when
the market is ready for you.
Pick up the next issue of New Condo Guide for more on my
continuing saga of selling and buying a home.
Headlines & market predictions versus YOUR REALITY
016 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
first.discover moreMonarchGroup.netVisitMONARCHGROUP.NET
Prices, specifications and promotions are subject to change
without notice. E.&O.E.
Riva makesa splash
MONARCH COMMUNITIES
SALES CENTRE HOURS: Mon.- Thurs. 12pm - 6pm, Weekend &
Holidays 12pm - 5pm, Closed Fridays(Epicurean Sales Office is
closed on Thursdays and Fridays)
MARKHAM | GARDEN COURT | UNDER CONSTRUCTION | FROM THE $400s
Appointment Only416-495-3595
ETOBICOKE WATERFRONT | LAGO | UNDER CONSTRUCTION | FROM $219,990
Sales Centre located at 2167 Lake Shore Blvd. W.416-495-3544
DOWNTOWN TORONTO | PICASSO | UNDER CONSTRUCTION | FROM THE $400s
Sales Centre located at 256 Queen St. W.416-495-3549
THE KINGSWAY | EPICUREAN | NOW OPEN | FROM $241,990 Sales Centre
located at 4195 Dundas St. W.Entrance on Prince Edward
Dr.416-495-3530
ETOBICOKE WATERFRONT | WATERSCAPES | UNDER CONSTRUCTION | FROM
$399,990 Sales Centre located at 2167 Lake Shore Blvd.
W.416-495-3544
ETOBICOKE WATERFRONT | RIVA DEL LAGO | NOW OPEN | FROM THE
$300sSales Centre located at 2167 Lake Shore Blvd.
W.416-495-3544
Our Grand Opening takes place April 12th!
-
*Prices, specifications and promotions are subject to change
without notice. Rendering is artists concept and image is for mood
and impression only. E.&O.E.
Waterfront Boutique Condos from the $300s*
Visit MonarchGroup.net
GARDINER EXPRESSWAY
Lake Shore Blvd. W
Marine Parade Dr.
Par
k La
wn
Rd
.
SalesCentre
Lake Ontario
Sales Centre located at 2167 Lake Shore Blvd. W.Etobicoke, ON
M8V 0A8416-495-3544
Riva is making a splash on the Humber Bay Shores waterfront.
Private, personal boutique chic.This is Riva del Lago! A personal,
private, refined condominium residence right on the waterfront.
Glorious views. Spacious suite designs. All on a scale that
connects you to the waterfront. Be there early, because Riva is not
like the rest.
Renderings are artists concept and images are for mood and
impression only. E.&O.E.
GRAND OPENING
April 12th weekend
-
*Prices, specifications and promotions are subject to change
without notice. Rendering is artists concept and image is for mood
and impression only. E.&O.E.
Waterfront Boutique Condos from the $300s*
Visit MonarchGroup.net
GARDINER EXPRESSWAY
Lake Shore Blvd. W
Marine Parade Dr.
Par
k La
wn
Rd
.
SalesCentre
Lake Ontario
Sales Centre located at 2167 Lake Shore Blvd. W.Etobicoke, ON
M8V 0A8416-495-3544
Riva is making a splash on the Humber Bay Shores waterfront.
Private, personal boutique chic.This is Riva del Lago! A personal,
private, refined condominium residence right on the waterfront.
Glorious views. Spacious suite designs. All on a scale that
connects you to the waterfront. Be there early, because Riva is not
like the rest.
Renderings are artists concept and images are for mood and
impression only. E.&O.E.
GRAND OPENING
April 12th weekend
-
first.discover moreMonarchGroup.netVisitMONARCHGROUP.NET
Prices, specifications and promotions are subject to change
without notice. E.&O.E.
Riva makesa splash
MONARCH COMMUNITIES
SALES CENTRE HOURS: Mon.- Thurs. 12pm - 6pm, Weekend &
Holidays 12pm - 5pm, Closed Fridays(Epicurean Sales Office is
closed on Thursdays and Fridays)
MARKHAM | GARDEN COURT | UNDER CONSTRUCTION | FROM THE $400s
Appointment Only416-495-3595
ETOBICOKE WATERFRONT | LAGO | UNDER CONSTRUCTION | FROM $219,990
Sales Centre located at 2167 Lake Shore Blvd. W.416-495-3544
DOWNTOWN TORONTO | PICASSO | UNDER CONSTRUCTION | FROM THE $400s
Sales Centre located at 256 Queen St. W.416-495-3549
THE KINGSWAY | EPICUREAN | NOW OPEN | FROM $241,990 Sales Centre
located at 4195 Dundas St. W.Entrance on Prince Edward
Dr.416-495-3530
ETOBICOKE WATERFRONT | WATERSCAPES | UNDER CONSTRUCTION | FROM
$399,990 Sales Centre located at 2167 Lake Shore Blvd.
W.416-495-3544
ETOBICOKE WATERFRONT | RIVA DEL LAGO | NOW OPEN | FROM THE
$300sSales Centre located at 2167 Lake Shore Blvd.
W.416-495-3544
Our Grand Opening takes place April 12th!
-
*Limited time only. Some conditions apply. Please ask a sales
representative for full details. Prices, specifications and
promotions are subject to change without notice. Renderings are
artists concept and images are for mood and impression only.
E.&O.E. 9379
discover moreMonarchGroup.net
Monarchfirst.In the Kingsway
EPICUREAN SALES CENTRE 4195 Dundas Street West (Entrance on
Prince Edward Dr.) Etobicoke, ON Tel: 416-495-3530
SALES CENTRE HOURS: Mon.- Wed. 12pm - 6pm, Weekend &
Holidays 12pm - 5pmClosed Thursdays & Fridays
Kipl
ing
Ave.
Islin
gton
Ave
.
Roya
l Yor
k Rd
.
Prin
ce E
dwar
d D
r. Jane
St.
BUILDINGLOCATIONSALES
CENTRE
Dundas St.
Bloor St.
Youre ready for The Kingsway and the many comforts of Etobicokes
most prestigious address. Experience assured elegance just a short
stroll from the Humber River Valley, minutes from a world of shops,
services and restaurants. At a price that will make you visit
Monarch first.
Studios to 2 bed+densfrom 430 sq.ft. to 1175 sq.ft., some with
large terraces!
Priced from the mid $200,000s*
ASK ABOUT OUR LIMITED TIME INCENTIVES
-
TOO TIGHTor
JUST RIGHT
Kingston&Co is first and foremost a home and a community.
Because of this, its been designed around two important principles:
first, that you need places to put your things; and second, that
quality of space matters. Its for these reasons that our homes have
ample storage and laundry rooms, walk-in closets and foyers, and
why each one has its own private outdoor terrace. You also have
access to a community rooftop garden.
Call us biased, but we would say that this focus on space is
just right.
Will my things fit into a condo?
JOIN THE CONVERSATION : KINGSTONANDCO.CA
018 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
@BazisInc 416.243.8688
ECONDOS.CA
Prices and specifi cations are subject to change without notice.
E. & O.E.
CONSTRUCTION STARTING THIS SPRING
Condominium Residences at Yonge and EglintonDirect subway access
- Starting from the $300s
Presentation Offi ce located at 2300 Yonge Street, Lobby
BAZI-ECO-A-AD-CONDOGUIDE-FEB4-2.indd 1 14-02-04 4:30 PM
APRIL 12 - 26, 2014 NEW CONDO GUIDE 019
-
COVER STORY
FOR NEW HOME VALUE IN A SPECTACULAR TORONTO LOCATION, The
Daniels Corporation holds the compass and can point you in the
right direction. Go north to HighPark Condominiums! Already under
construction, this is one of Torontos most coveted new communities,
and location tops the list of reasons why. It is situated in the
established neighbourhood of Bloor West Village between Oakmount
Road and Pacific Avenue and directly across the street from the
citys largest urban park High Park. The residence is also steps to
subway stops and fabulous Bloor West Village with its eclectic
shops, markets, bakeries and eateries. City and park views from the
suites will be breathtaking.
And if value is also on your list of must-haves, youre getting
warmer. Prices begin from the $300,000s, which is phenomenal for a
brand new condominium in this location. Plus, Daniels is making it
easier than ever
to become part of this highly desirable neighbourhood. For a
limited time all of the north-facing suites receive a cash
incentive, free parking and locker, one year of free maintenance,
and you can live free with no interim occupancy fees (some
restrictions apply; see a sales representative for full
details).
Once complete, residents at HighPark Condominiums will be able
to enjoy 18,000 sq. ft. of amenities at The Parkside Club.
DANIELS INVITES YOU TO GO NORTH AND DISCOVER HOW EASY IT IS
TO
LIVE THE HIGHPARK LIFESTYLE
020 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
Spanning three floors, this incredible club offers the
opportunity to challenge yourself at the rock-climbing wall and
weight studio, unwind in the sauna, enjoy a flick in the home
theatre, and exercise your green thumb in the outdoor gardening
plots. On the third floor, you will find a cardio studio,
indoor/outdoor yoga and Pilates studio, party room, billiards room
and outdoor barbecue lounge, sun deck and picnic area. The 10th
floor will include the social room with a catering kitchen, and the
outdoor terrace and indoor/outdoor fireside lounge and sun deck
with panoramic views of High Park and city lights. Topping off the
amenities list, Daniels has added a car-share program and a unique
resident bike engagement/bike share program at HighPark
Condominiums to encourage riding.
But thats not all, anchored by a landscaped courtyard on Bloor,
the HighPark will feature a single-storey glass pavilion where over
15,000 sq. ft. of retail space will offer the epitome of
convenience. In the lobby, residents will be welcomed home and can
access 24-hour concierge service, and take advantage of the handy
dog-washing station after walks in the park.
Suite choices range from studios to three-bedroom layouts in
sizes from 320 to 1,047 sq. ft. Features
and finishes include stainless steel appliances and quartz
countertops in the kitchen, marble countertops and porcelain
flooring in the bathroom. ABOUT THE DANIELS CORPORATION The Daniels
Corporation (danielshomes.ca) is one of Canadas preeminent
builders/developers, building 30,000 new home communities across
the Greater Toronto Area for 32 years. Daniels was named the Tarion
Warranty Corporations 2012 Ontario High Rise Builder of the Year
and the recipient of the 2012 Toronto Arts and Business Award
presented by the Toronto Arts Foundation. Among its many
initiatives, Daniels was chosen to partner with Toronto Community
Housing to revitalize Regent Park 69 acres in Torontos Downtown
East. Committed to community, Daniels offers innovative programs
that help people achieve home ownership, champions neighbourhood
initiatives that enhance quality of life, and supports numerous
charities and non-profit organizations.
Its time to go north! Take advantage of these incredible
incentives and a location Where Modern Urban Meets Mother Nature.
Head to Daniels HighPark Condominiums presentation centre at 2150
Bloor St. W., open Monday, Tuesday and Thursday noon to 6 p.m.;
Wednesdays noon to 8 p.m.; weekends and holidays from noon to 5
p.m. Call 416.351.1844, or visit DanielsHighPark.com.
For a limited time all of the north-facing suites receive a cash
incentive, free parking and locker, one year of free maintenance,
and you can live free with no interim occupancy fees
APRIL 12 - 26, 2014 NEW CONDO GUIDE 021
-
$225,990Suites from
ACROSS FROM SHERWAY GARDENS. MOVE IN TODAY WITH UP TO $20,000
CASH BACK.
225 Sherway Gardens Rd.416.695.3535
onesherway.com
Sales Centre
$479,990Suites from 33 Bloor St. E
416.927.0080x2condos.com
Sales Centre
$549,990Suites from
A NEW LANDMARK IS UNDERCONSTRUCTION.CANADASMOST
CONNECTED CORNER.
33 Bloor St. E416.922.0081
onebloor.com
Sales Centre
$224,990Suites from 4635 Metcalfe Avenue
905.828.4257hotcondominiums.com
Sales Centre
$342,000Suites from
LIVEONTORONTOSNEWBLUEEDGE, THECITYSNEXTGREATWATERFRONT
COMMUNITY.
291 Lakeshore Blvd E416.466.8885mondecondominiums.com
Sales Centre
$946,990Suites from
FABULOUSLY STYLISH CONDOMINIUMS AT KING & CHARLOTTE. MOVE IN
THIS YEAR!
416.927.9772charliecondos.com
By Appointment
$283,990Suites from
LIVE AT YONGE AND RICHMOND. CITY, TOWER AND LOMBARD SUITES
AVAILABLE.
26 Lombard St.416.499.8883yongeandrich.com
Sales Centre
Coming soon. Condos at King & Parliament. Coming Spring
2014. Urban Towns in Queen West. Coming Spring 2014. For more
information, register at greatgulf.com/comingsoon
UP TO $10,000 OFF SELECT SUITES.MOVE IN THIS YEAR! THE CORNER
OF
JARVIS AND CHARLES.
PHASE 3 FINAL RELEASE ON SALE NOW.BOUTIQUE CONDO LIVING AT
WINSTON CHURCHILL AND EGLINTON.
Great Gulf. Choose greatly.
022 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
$225,990Suites from
ACROSS FROM SHERWAY GARDENS. MOVE IN TODAY WITH UP TO $20,000
CASH BACK.
225 Sherway Gardens Rd.416.695.3535
onesherway.com
Sales Centre
$479,990Suites from 33 Bloor St. E
416.927.0080x2condos.com
Sales Centre
$549,990Suites from
A NEW LANDMARK IS UNDERCONSTRUCTION.CANADASMOST
CONNECTED CORNER.
33 Bloor St. E416.922.0081
onebloor.com
Sales Centre
$224,990Suites from 4635 Metcalfe Avenue
905.828.4257hotcondominiums.com
Sales Centre
$342,000Suites from
LIVEONTORONTOSNEWBLUEEDGE, THECITYSNEXTGREATWATERFRONT
COMMUNITY.
291 Lakeshore Blvd E416.466.8885mondecondominiums.com
Sales Centre
$946,990Suites from
FABULOUSLY STYLISH CONDOMINIUMS AT KING & CHARLOTTE. MOVE IN
THIS YEAR!
416.927.9772charliecondos.com
By Appointment
$283,990Suites from
LIVE AT YONGE AND RICHMOND. CITY, TOWER AND LOMBARD SUITES
AVAILABLE.
26 Lombard St.416.499.8883yongeandrich.com
Sales Centre
Coming soon. Condos at King & Parliament. Coming Spring
2014. Urban Towns in Queen West. Coming Spring 2014. For more
information, register at greatgulf.com/comingsoon
UP TO $10,000 OFF SELECT SUITES.MOVE IN THIS YEAR! THE CORNER
OF
JARVIS AND CHARLES.
PHASE 3 FINAL RELEASE ON SALE NOW.BOUTIQUE CONDO LIVING AT
WINSTON CHURCHILL AND EGLINTON.
Great Gulf. Choose greatly.
APRIL 12 - 26, 2014 NEW CONDO GUIDE 023
-
7 M4101-1C.inddRoundJob Description: Mechanical Specifications:
Contact:
Leo Burnett 175 Bloor Street E. North Tower, 13th Floor Toronto,
ON M4W 3R9 (416) 925-5997
Client: TD BANKDocket #: 112-LTDCOFU4101Project: SMO MORTGAGE
MAGAZINE Ad #: M4101-1C
Bleed: 8.5 x 11.25 Trim: 7.5 x 10 Live: 6.5 x 9File built at
100% 1 = 1
Acct. Mgr: GENEVIEVE/CHRISTIANCrea. Dir: LISA GREENBERGArt Dir:
-Writer: -
Producer: BARRY DUROCHERStudio: GRAHAM BOWMANProofreader:
PETER/RADYAH
Colours: 4C Start Date: 2-10-2014 4:39 PMRevision Date:
2-18-2014 1:46 PMPrint Scale: 100%
Comments: Calgary New Home Guide, Calgary Resale Home Guide,
Edmonton New Home Guide, Edmonton New Condo Guide, Ontario New Home
Guide-GTA, Ontario New Home Guide-Eastern, Ontario Condo Guide-GTA,
Ontario Resale Home and Condo, New Home Guide-SWO, Vancouver
Publication: **see comments**
1 Conditions apply. See us for details. The TD logo and other
trade-marks are the property of The Toronto-Dominion Bank.
Visit a branch or tdcanadatrust.com/paymentvacation
Take time off from your mortgage payments.
A fl exible mortgage from TD lets you dedicate time to
making the world a better place. Just add a little extra to
your regular payments and you could have the option to
take a payment vacation for up to four months1. Its just
one of TDs fl exible mortgage features.
Dear Mortgage, Im taking time off to give something back.
0004352_001_M4101_1C.indd 1 2/18/14 3:19 PM
ontario.indd 1 2/19/14 12:29:52 PM
024 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
VISIT OUR SALES CENTRE & DECORATED MODEL SUITE WALK THROUGH
ACTUAL ALMOST-READY SUITES!
MOVE IN 90-180 DAYS!
*Deposit structure: $5000 with the offer, balance to 5% in 30
days, balance to 20% on occupancy. SOUTHAMPTON AND NOTTINGHAM ONLY,
BALANCE TO 10% ON OCCUPANCY. ** Free Upgrades may vary depending on
suite plan. (Suite 102 and 104 do not have gas hook up for fi
replace and cook top). All promotions may be changed and/or
cancelled at any time without notice. Prices and specifi cations
subject to change without notice. *Please speak to Sales
Representative for full details. Exclusive Listing Broker Milborne
Real Estate Inc. Brokers Protected. Marketing Management by Anne
Lambrou Living Visions Inc. Prices and specifi cations subject to
change without notice. Promotions may be changed and/or cancelled
at any time without notice. Illustrations are artists concept.
E.&O.E.
SPECIAL SUITE OF THE MONTH PROMOTION2 BEDROOM SOUTHAMPTON
SUITE
1137 SQ. FT.*In addition to the current promotion
GET AN EXTRA $10,000 OFF!
*ONLY 5% DEPOSIT REQUIRED UNTIL YOU MOVE IN!
Crown Molding in select areas, Under Cabinet Lighting in
Kitchen, Pot Lights, Gas Fireplace, Soft Closing Drawers in kitchen
and more!
FOR A LIMITED TIME, RECEIVE
ALL SUITES
ONLY
FREE UPGRADES
4% CASH OFF
18 SUITES LEFT
30 OLD MILL ROAD, TORONTOMONDAY - WEDNESDAY: 12PM - 6PM SATURDAY
& SUNDAY: 12PM 5PM, THURSDAY, FRIDAY & HOLIDAYS: CLOSED
BLOOR STREET WEST
OLD MILL INN
SITE
JAN
E ST
REET
OLD
MIL
L D
RIV
E
OLD M
ILL RD.
BLOOR STREET WEST
OLD MILL INN
SITE
JAN
E ST
REET
OLD
MIL
L D
RIV
E
OLD M
ILL RD.
416 766-7343 www.riverhousecondos.ca
OLDM 32998 Condo Guide Ad.indd 1 2014-03-21 12:46 PM
026 NEW CONDO GUIDE APRIL 12 - 26, 2014
-
2 BEDROOMLEASEBACK PROGRAM$3,000/MONTH FOR 2 YEARS
$15,000 CASHBACKFREE ASSIGNMENT & CAPPED LEVIESI N V E N T O
R Y B O U T I Q U E . C O M
* Non-Terrace 2 Bedroom Suites
PRESENTATION CENTRE373 King Street West, Suite 302Toronto, ON
M5V 1J6
OPENING HOURSMonday to Thursday12pm-6pmSaturday &
Sunday12pm-5pmClosed Friday
Tel: 416-546-7525E: [email protected]
APRIL 12 - 26, 2014 NEW CONDO GUIDE 027
-
in the news
JUniOR JAZZ JAM 2014 LAUnChes At PAintBOX BistRO in ReGent
PARKDaniels, Toronto Community Housing and JAZZ.FM91 make music
together
AfteR A sUCCessfUL COnCeRt seRies in 2013, Jazz.FM91 together
with presenting sponsors The Daniels Corporation and Toronto
Community Housing are launching a new series of free monthly
performances for children at Paintbox Bistro, in the heart of the
Regent Park revitalization in Torontos Downtown East. The new
series will run until August and feature six unique educational
events for children and families.
Designed to foster an appreciation for the musical arts, the
free series features a select group of exceptional entertainers who
will present engaging musical concerts for children. Each Junior
Jazz Jam will feature audience participation including singing,
clapping and dancing, as well as the introduction of basic music
concepts.
The Junior Jazz Jam series kicked off with the Sophia Perlman
Quartet on Sat., Mar. 29 at the Paintbox Bistro during brunch
service, offering families an enjoyable and engaging weekend
activity in a relaxed and casual environment. The series will
continue on Sat., Apr. 26 at 10 a.m. with Autorickshaw.
The free series features a select group of exceptional
entertainers who will present engaging musical concerts for
children
Additional series performances will follow on May 24 with Kwasi
Dunyo; on June 14 with Thompson Egbo-Egbo Trio; on July 19 with
Terra Hazelton Trio; and on August 16 with Lester McLean Trio.
028 new COndO GUide april 12 - 26, 2014
-
COMING THIS SPRING TO
Discover the most affordable homeownership opportunity in
Toronto today! BUY WITH 5% DOWN PLUS... YOUR DOWN PAYMENT FROM 5%
TO 15% INTEREST &PAYMENT FREE!*
SUITES FROM $199,900
REGISTER TODAY TO RECEIVE AN INVITATION TO OUR HOMEOWNERSHIP
SEMINAR THIS MONTH!
FIRST HOME
BOOST
One Park Place South Tower is the newest addition to the
internationally recognized and award-winning Regent Park
Revitalization.
Offering the perfect downtown location, One Park Place South
Tower will feature outstanding views of the city skyline and Lake
Ontario, over 45,000 sq. ft. of indoor and outdoor amenities, quick
and easy access to the TTC, shopping, recreation and much more.
416.955.0559danielsoneparkplace.com
*The First Home Boost Program is only available on a limited
number of suites. Conditions apply. Exclusive Listing: CityLife
Realty Ltd. Brokerage. Brokers Protected. Illustrations are artists
concepts. Prices and specifications are subject to change without
notice. E.&O.E. All brand names, logos, images, text and
graphics are the copyright of the owners, The Daniels Corporation.
Reproduction in any form, without prior written permission of The
Daniels Corporation, is strictly prohibited.
YOUR DOWN PAYMENTBOOST5%5%
5%5% 15%15%
DANOPS14041 CondoGuide FP Boost Ad.indd 1 2014-04-02 4:46 PM
APRIL 12 - 26, 2014 NEW CONDO GUIDE 029
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for repairs. What does this all mean? Basically, when it is time
to do the Pre-Closing Inspection, know that if you dont list it,
you may not be able to compel the builder to fix it. Therefore, it
is critical you list everything! Here is a minimum list of what I
believe will help you in making sure you are covered:
01 Insist on having enough time to do the inspection and allow
yourself enough time with no need to be anywhere else;
02 Write everything down yourself. Dont let the builders
representative take charge;
03 Dont rush! Dont let the builders representative push you, and
insist on moving at your own speed;
04 Write or mark down everything that is incomplete, broken or
not working properly, no matter how small or seemingly
insignificant;
05 Dont accept promises of repair during inspection if something
is not right, mark it down;
06 Try every light, socket, tap, drain, toilet, door, lock,
window, appliance, everything that could be defective now or go
wrong later;
07 Watch for stains on carpets, scratches on wood floors, cracks
in paint or drywall, and areas where the builder forgot a second
coat of paint;
08 Look for water stains or spots on floors and walls, and if
you see any, insist on knowing where they came from and why;
09 Houses: dont forget the exterior roof, drains, bricks,
mouldings. Is there sod, is the grading complete and is your
driveway in?
10 Condominiums: go check out the common areas lobbies, garbage
rooms, parking areas, lockers, pools, tennis courts and health
clubs. Remember, as a condo owner, you own part of these common
areas, and if parts are incomplete or defective, put them on the
list!
Remember that this inspection is, in all probability, the only
chance you will have to deal with deficiencies, so make sure you
check carefully. Some readers ask what happens if the builder
rushes them or something happened and they did not get the
opportunity to finish their inspection. The answer is to compile a
complete list as soon as possible, and send it to the builder and
to Tarion in order that the record is on file.
There is probably more to this, and I do not suggest that this
list is complete. But I hope it helps in making you realize how
important it is to
do a thorough job on the Pre-Closing Inspection.
legally speaking // by jayson schwarz
Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner
in the law
firm Schwarz Law LLP. Visit schwarzlaw.ca or send an email to
[email protected]
and give us your questions, concerns, critiques and
quandaries.
in this column, we are going to address a small but incredibly
important part of the process of buying that new home, the
Pre-Closing Inspection. As most of you know, included in the
adjustments on the purchase of a new condo or house (but not a
conversion or retrofit project) is the cost of your Tarion
enrolment. Among the things you are covered for are defects in the
completion of your new home. Most Agreements of Purchase and Sale
make the deficiency list prepared as part of your final inspection
the only basis
pre-closing inspection
The importance
of the
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CHAR 33088 Condo Guide.indd 1 04/04/14 2:45 PM
APRIL 12 - 26, 2014 NEW CONDO GUIDE 031
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condo sense // by don kearney
Don Kearney is manager of customer communications and social
media at
Menkes Developments Ltd. Follow Menkes on Facebook at
facebook.com/MenkesLife, and on Twitter at
twitter.com/MenkesLife
As the City of Toronto and the surrounding municipalities
continue to grow, the need for improved methods of getting around
also increases. We often hear of the importance of more
transportation options and how we need new projects but we often
forget there are a number of current projects on the go that will
help move us to where we need to go for work and for play.
The Union Pearson Express will connect Terminal 1 at the Lester
B. Pearson International Airport with Union Station in downtown
Toronto and includes two stops at the Bloor and Weston GO Stations.
A train will leave Pearson every 15 minutes and the trip will take
approximately 25 minutes. One of the greatest benefits of this new
rail line is that it will take 1.2 million cars off the road each
year which will help ease traffic congestion and benefit our
environment. The first Union Pearson Express vehicle will arrive in
Toronto this summer and the line will be fully operational for the
Pan Am Games in the summer of 2015.
The Billy Bishop airport is currently only accessible by a very
short ferry ride which can be time consuming and certainly
susceptible to inclement weather. Thankfully the Toronto Port
Authority, which owns and operates the airport, is building a
state-of-the-art pedestrian tunnel with moving walkways that will
allow travellers to walk underground to the airport. The tunnel
will be powered by 100 per cent Green energy and will be ready by
winter 2014/2015 in plenty of time for the Pan Am Games.
Another great project that will keep people moving is the
Crosstown LRT, which will traverse across Eglinton Avenue from
Weston Road to Kennedy Station and travelling a total of 19
kilometres with 10 kilometres of the route underground. This new
route will dramatically increase the speed of crossing midtown
Toronto and will be operated by Metrolinx.
Finally, the Toronto-York Spadina Subway Extension will bring a
subway to York University as well as up to York Region for the
first time. Six new stations will be added and Downsview station
will be renamed Sheppard West. Over 2,900 parking spaces will be
added to the six stations to encourage people to take the subway
downtown and the new extension will be operational by the fall of
2016.
These projects, as well as other planned and future projects,
will help keep residents of Toronto and the GTA moving for years to
come.
keeping people moving across the gta
The Billy Bishop airport is currently only accessible by a very
short ferry ride which can be time consuming and certainly
susceptible to inclement weather
032 new condo guide april 12 - 26, 2014
-
menkes.com
Life Storeysnow a best-seller.
Come home with the GTAs #1 homebuilder*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 citys most
desirable and accessible locations. Designing architectural
landmarks, stylish amenity areas and modern
suites that speak to the needs of todays condominium lifestyle.
And offering maximum value to the real #1 storey you.
-
menkes.commenkes.comPrices and speci cations are subject to
change. E.&O.E. April 2014.
A downtown condominium overlooking the bustle of the city and
the beauty of the
lake. Walking distance from Torontos most savoury restaurants,
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possibility.
Introducing 87 Peter.
THE CITYS MOST CONNECTEDADDRESS.
C MINGS ON.
Register at menkes.com
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menkes.commenkes.comPrices and speci cations are subject to
change. E.&O.E. April 2014.
A downtown condominium overlooking the bustle of the city and
the beauty of the
lake. Walking distance from Torontos most savoury restaurants,
bars and cafes,
and a stones throw from incredible shopping, cultural
attractions, Air Canada
Centre and the Rogers Centre. Rich with amenities. Enriched with
possibility.
Introducing 87 Peter.
THE CITYS MOST CONNECTEDADDRESS.
C MINGS ON.
Register at menkes.com menkes.commenkes.comPrices and speci
cations are subject to change. E.&O.E. April 2014.
A downtown condominium overlooking the bustle of the city and
the beauty of the
lake. Walking distance from Torontos most savoury restaurants,
bars and cafes,
and a stones throw from incredible shopping, cultural
attractions, Air Canada
Centre and the Rogers Centre. Rich with amenities. Enriched with
possibility.
Introducing 87 Peter.
THE CITYS MOST CONNECTEDADDRESS.
C MINGS ON.
Register at menkes.com
-
menkes.com
Life Storeysnow a best-seller.
Come home with the GTAs #1 homebuilder*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 citys most
desirable and accessible locations. Designing architectural
landmarks, stylish amenity areas and modern
suites that speak to the needs of todays condominium lifestyle.
And offering maximum value to the real #1 storey you.
menkes.commenkes.comFacebook.com/MenkesLife @MenkesLife
menkes.com*Top selling highrise builder in 2013 according to
RealNet Canada Inc. Prices and speci cations are subject to change.
E.&O.E. April 2014.
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the mortgage minute // by peter kinch
Peter Kinch is an award-winning mortgage broker and
best-selling
author of The Canadian Real Estate Action Plan. Visit
peterkinch.com or
contact him at [email protected]
Pick up any newspaper today and no one could blame you if you
got a little worried about the state of the economy or the fear of
a pending market correction in Canadian real estate. Are Canadians
taking on too much debt? Have mortgage rules gone too far? Is there
a housing bubble about to burst? What if there is a market
correction?
The real question is, Do Canadian homeowners or prospective
buyers need to be concerned? Every time there is talk about a
market correction in
market correction?
Whats all the fuss about a
If you have no intention of selling soon and you can still
afford your monthly payments, then all you need to do is sit and
wait and go about your normal life until the market bounces back
which it has done for the past 100 years
Canadian real estate, the tone is quite negative. But lets take
a closer look at that situation: rather than argue about whether we
may have a market correction, lets analyze what it really means to
Canadians if there is one.
First-time homebuyers
If youre a first-time homebuyer, you have likely felt the pinch
of the rising cost of housing. So a slight market correction would
be welcome news. You can still get into home ownership with only
five per cent down, but since your maximum amortization is limited
to 25 years, a drop in pricing is exactly what youll need to be
able to get into this market. ConClusion: A market correction is a
good thing for you.
current homeowner buying or selling moving up or downsizing
It is rare that someone buys a home without selling their home
first. If you are a homeowner and youre looking for the right time
to sell your home so you can buy another, you may be concerned that
the price of your current home is dropping. But lets take a closer
look at that: assume the value of the home you are selling drops by
10 per cent. Lets also assume that you plan to buy another home
(whether upsizing or downsizing). The key to remember in a downturn
market is that the person selling their home to you is going
through the exact same thing. In other words, if the value of your
home dropped 10 per cent, so too did the value of the new home you
are buying. Focus on what your bottom line net is, rather than what
you thought or had hoped to sell your home for.ConClusion: in most
cases, the net effect of a market correction is zero.
real estate investor or second-home buyer
If you are buying real estate as an investment either for cash
flow or as a second home, then this is the perfect market condition
for you. When there are more sellers than buyers, you have more
bargaining power. If you can negotiate a better deal and pay less
for the property you are looking for, it simply makes the deal that
much more affordable.ConClusion: You should be hoping for a market
correction.
april 12 - 26, 2014 new condo guide 033
-
current homeowner with no plans to sell
The majority of Canadians fall into this category, and lets be
honest the single biggest reason we worry about a housing
correction is the fear that it will erode our home equity and net
worth. Over the last decade, a significant amount of the net worth
of Canadians has been tied up in their home equity, and this has
provided the foundation for a lot of retirement plans so there is
obvious concern. But should there be?
For the majority of Canadians, the plan is to stay in their
current home for at least three to five years. So heres a simple
fact: equity is only gained or lost the day you sell. In other
words, if the value of your home were to drop by 10 per cent
tomorrow, you may feel anxiety over the drop in your net worth but
it would only be on paper unless you actually sold your home
tomorrow. If you have no intention of selling soon and you can
still afford your monthly payments, then all you need to do is sit
and wait and go about your normal life until the market bounces
back which it has done for the past 100 years.ConClusion: A market
correction may have zero impact on you.
In the end, the headlines will continue to talk of impending
market corrections. The key for you is to decipher one of three
things: 1. is this a real concern?2. is this an opportunity? or,3.
Are you just getting worked up about nothing?The BoTTom line: A lot
of people will fret about this topic over the water cooler tomorrow
morning but the majority of them really dont need to.
Every time there is talk about a market correction in
Canadian
real estate, the tone is quite negative. But lets take a
closer
look at that situation: rather than argue about whether we may
have a market correction, lets analyze what it really means to
Canadians if there is one.
the mortgage minute
034 new condo guide april 12 - 26, 2014
-
WorldOnYonge.ca | 905-771-7010 TerraceOnDanforth.ca |
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LIBC 33182 Condo Guide Ad_FA.indd 1 2014-04-04 2:19 PM
APRIL 12 - 26, 2014 NEW CONDO GUIDE 035
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*Purchasers Deposit Bond. Restrictions apply. See Sales
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only. 2014 Liberty Development Corporation. All rights reserved.
Brokers Protected.
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WERO 33183 Condo Guide FA.indd 1 2014-04-04 1:00 PM
036 NEW CONDO GUIDE APRIL 12 - 26, 2014
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TCCF 32003 Condo Guide SOTM FA.indd 1 2014-02-11 11:28 AM
APRIL 12 - 26, 2014 NEW CONDO GUIDE 037
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in the news
the Daniels Corporation anD habitat for humanity toronto turn
over key to partner family at Cinema Tower
reCently, the Daniels Corporation anD habitat for
humanity toronto held a dedication ceremony that marked a
life-changing event for the Zhang-Min family. To help make the
dream of home ownership a reality for low-income families in
downtown Toronto, Daniels and Habitat arranged for the contribution
of two condominium suites in Cinema Tower. At the celebration, the
Zhang-Min family was the first to receive a key to their new home.
Since 2005, when Frank, his wife Ping and their teenage daughter,
Alice, immigrated from China to make a better life for themselves,
they have struggled to make ends meet while living in a basement
apartment that lacks privacy, fresh air and sunlight. We are so
happy to be moving into this brand new building, Ping says. Its
close to my husbands workplace so its very convenient for us.
According to Ene Underwood, CEO of Habitat for Humanity Toronto,
We are deeply appreciative of our ongoing partnership with Daniels.
The Cinema Tower project is a great example of how innovative
partnerships can push the boundaries of affordable housing and
further our mission of mobilizing community partners, like Daniels,
to make the dream of home ownership a reality for low-income
families.
Daniels executive vice-president, Niall Haggart, adds, For us,
successful business and social responsibility go hand in hand.
Together with Habitat, we are demonstrating that affordable housing
can be achieved, and we are thrilled to welcome the Zhang-Min
Family home to Cinema Tower!
Daniels is a longtime supporter of Habitat for Humanity
affiliates across the Greater Toronto Area. Among many other
supporting initiatives, in 2008, the company donated land for the
construction of 10 Habitat homes in Etobicoke the largest donation
of land by a private company in Habitat Canadas history. The Cinema
Tower key ceremony marked yet another milestone in the
Daniels-Habitat affiliation.
Habitat for Humanity Toronto (TorontoHabitat.ca) marks its 25th
anniversary this year as a non-profit, non-denominational Christian
housing organization that
builds simple, decent affordable homes in partnership with
low-income families. The Toronto branch was established in 1988 and
has helped more than 250 families find the safety and security of a
home in 2013.
Cinema Tower is Daniels highly successful condominium in
Torontos Entertainment District, steps from TIFF Bell Lightbox,
restaurants, shops and cultural venues. The Zhang-Min family will
enjoy remarkable amenities in their 43-storey residence, as well as
nearby access to public transportation. For more information, visit
danielshomes.ca.
piCtureD top A happy occasion for all with (from left to right)
Sean Gadon, Toronto director of Affordable Housing; partner family
father Frank Zhang; Habitat CEO Ene Underwood; mother Ping Min;
daughter Alice; and Daniels executive vice-president Niall
Haggart
piCtureD bottom Habitat for Humanity partner family cuts the
ribbon at their new home in Cinema Tower Condominiums by The
Daniels Corporation, while Daniels executive vice-president Niall
Haggart, Ward 20 City Councillor Adam Vaughan and Sean Gadon,
Torontos director of Affordable Housing, look on
038 new ConDo GuiDe APril 12 - 26, 2014
-
COME IN AND PEEL THE REELTO REVEAL YOUR DEAL OF
$35,000 CASH BACK OR MORE!
*
*Nows the BEST time to buy at the intersection ofLife, Camera,
Action with an authentic connection
to TIFF Bell Lightbox in the heart of the Entertainment
District.
SUITES FROM THE MID $400,000s
*Limited time offer conditions apply. See Sales Representative
for full details. **Some exceptions apply. Exclusive Listing:
CityLife Realty Ltd, Brokerage. Brokers Protected. Prices, specifi
cations and programs are subject to change without notice.
Illustrations are artist concept. E. & O.E. All brand names,
logos, images, text and graphics are the copyright of the owners,
The Daniels Corporation. Reproduction in any form, without written
permission of The Daniels Corporation, is strictly prohibited.
HOURS: Mon and Tues: 12-6pm Wed: 12-8pm Thurs and Fri: Closed
Sat and Sun: 12-5pm
VISIT OUR NEW SALES OFFICE TODAY!21 Widmer Street, Suite
1306
VIEW OUR FULLY FURNISHED MODEL SUITE AND SPECTACULAR
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PLUS, BUY WITH 5% DOWN AND $0 CLOSING COSTS**
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ARTI 33104 Condo Guide.indd 1 2014-04-07 4:57 PM
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For online bookings go to
www.plaza-network.com/booking/FlightInfo.aspx?ECONREF=W2W2014
All amenities are included in the price of entry including bar
service after 11:00 a.m. (Toronto, Vancouver) and 10:00 a.m.
(Edmonton)
Single entry lounge pass starting from $33.25 tax inclusive
($24.50 children ages 2 11) for 2 hours lounge use. 3 hour and 6
hour lounge use also available**** Online bookings only; higher
rates apply for walk-in lounge use
-
Model photography may vary from actual Model Suites Exclusive
Listing: CityLife Realty Ltd, Brokerage. Brokers Protected.
*Daniels Rent-To-Own Program is only available on a select number
of suites. **Metropass is only available on select suites. See
Sales representative for full details. Prices, specifi cations and
programs are subject to change without notice. Illustrations are
artist concept. E. & O.E. All brand names, logos, images, text
and graphics are the copyright of the owners, The Daniels
Corporation. Reproduction in any form, without written permission
of The Daniels Corporation, is strictly prohibited. See Sales
Representative for full details.
Visit NY2 today to tour 3 luxurious Model Suite
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KEN2 33105 Condo Guide.indd 1 2014-04-07 5:00 PM
APRIL 12 - 26, 2014 NEW CONDO GUIDE 041
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042042
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043 043
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044 NEW CONDO GUIDE APRIL 12 - 26, 2014
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be a part of something bigYOUR 53-ACRE FRONT YARD ONLY AT CANARY
DISTRICT
Exclusive Listing: Baker Real Estate Incorporated, Brokerage.
Brokers Protected. Prices and specifications are subject to change
without notice. E. & O.E.
REGISTER AT CANARYDISTRICT.COM OR CALL 416.603.7576
COMING SOON, THE EXCITING SECOND PHASE OF CANARY DISTRICTCanary
Park Condominiums is the doorway to Canary District, which is
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ATHLETES OF THE 2015 PAN AM GAMES.
@canarydistrict /thecanarydistrict
APRIL 12 - 26, 2014 NEW CONDO GUIDE 045
-
Visit the new real estate section on canpages.caand start
looking for that special place.
Search yourfavourite neighbourhood
Find out about nearbyservices and amenities
View new construction projectsand register to get the latest
info
We think fi nding a home is a lot more than simply fi nding the
right property.Thats why we put you right in the middle of the
search process.
IN THE MARKET FOR A
NEW HOUSE OR A CONDO?
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046 NEW CONDO GUIDE APRIL 12 - 26, 2014
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APRIL 12 - 26, 2014 NEW CONDO GUIDE 047
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WILSON AVE
TIPP
ETT
RD
WILSON SUBWAY
YORKDALE SUBWAY
ALL
EN R
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HWY.401
YORKDALE MALL
CAN YOU AFFORD TO BUY AT THE STATION?
RUN. WALK. SUBWAY. HURRY. UNDER CONSTRUCTION.
ITS BACK. DONT MISS OUT.
YES YOU CAN!
A sweet corner unit An enormous 175 s.f. balcony Granite
countertops Euro-style appliances A window in the master ensuite A
place you wont grow out of
Just like that, in 13 months, your down payment will be done and
youll be the proud owner of an amazing new condo with expansive
Terrence Lukas-designed interiors, spacious balconies, and
amenities like The Studio Club, fitness centre and the citys first
indoor/outdoor heated party rooms.
SAFE The Station is already under construction. SMART Easy
subway access and a 20-minute ride to downtown, mean condos at The
Station will always be in demand. GREAT DEAL With this innovative
down payment plan you can finally afford to own your own place.
These days, with rent on a 2-bedroom apartment in Toronto
reaching $2,000/month and beyond**, saving for a down payment can
feel next to impossible. But at The Station, our new deposit
structure* makes saving a snap. So not only can you afford to buy
your own place, but the place you call home can be at North Yorks
award winningrecord-breaking development. Heres how it works.
SOUNDS SCARY, RIGHT? BUT HERES WHAT THE STATION WILL DO FOR
YOU.
LETS SAY YOURE LOOKING AT ONE OF OUR EXCEPTIONAL 2 BED + 2 BATH
SUITES. YOU GET:
THE PRICE IS A COOL $450,000, SO SAY YOU PUT DOWN 10%
FOR THE NEXT 13 MONTHS, YOU PAY JUST $962/MONTH TOWARD
THE DOWN PAYMENT AND WELL MATCH IT WITH AN EQUAL $962 DISCOUNT
OFF
THE PRICE OF YOUR CONDO.
416.398.9777 THESTATIONCONDOS.COM
10% DOWN = $45,000
On Tippett Road, south of Wilson Avenue / Mon to Wed 126pm Sat +
Sun 125pm
$450,000
10%
*Conditions apply. On select suites only. See sales rep for
details. Prices, specifications and deposit structures are subject
to change without notice. E. & O.E. Exclusive Listing
Brokerage: The Condo Store Realty Inc., Brokerage. Brokers
protected. Illustration is artists impression. **Source:
theglobeandmail.com
WITH A $10,000 DISCOUNT OFFTHE PRICE OF YOUR CONDO.
WELL MATCH THAT
$10,000ONLY $25,000 TO GO.
$20,000=YOU PUT DOWN
$10,000
THE E-A-S-Y OWNERSHIP PROGRAM:
13-1185 THESTATION_CG_NOV16.pdf 1 13-11-11 10:30 AM
048 NEW CONDO GUIDE APRIL 12 - 26, 2014
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LIVE AT STUDIOBE DOWNTOWN
SUITES FROM THE$300S
Brokers Protected, Limited Time offer. See Sales Rep for full
details. Prices, Specifi cations and programs are subject to change
without notice. Illustrations are artists concept. E & O.E.
*Provided the purchaser completes the transaction on the
contemplated unit transfer date the purchaser shall receive a
credit on the statement of adjustment in the amount equal to12
monthly common expense fees relating to the unit and any parking or
storage applicable. Deposit 5% down and 10% due on occupancy.
studiocondos.ca 647.352.7736
Richmond St.
PRESENTATION CENTRE
Adelaide St.
Nelson St.
Dun
can
St.
Spa
dina
St.
Sim
coe
St.
Uni
vers
ity A
ve.
PRESENTATION CENTRE
Presentation Centre: 25 Nelson Street, TorontoMon. Thurs.: 1pm
7pm, Fridays: Closed
Sat., Sun. & Holidays: 12pm 6pm
UNDER CONSTRUCTIONEARLY 2015 CLOSINGS5%
DOWNPLUS
ONE YEAR FREE MAINTENANCE FEE
OFFER VALID ON ALL REMAINING SUITES.
UNDER CONSTRUCTIONEARLY 2015
CLOSINGS
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hot dates
Apr 10 13
Toronto Art Expo
highlighTs
Apr 18 20
spring Fling F