gta new condo guide - feb 27, 2016

MOVE IN THIS SUMMER

FIT FOR YOUR LIFESTYLE

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Writer: Designer Social: Studio Manager:

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FEB 27 - MAR 12, 2016VOLUME 20, ISSUE 5, FREE

INSIDE THIS ISSUE

MORTGAGE MISTAKES TO AVOID

THE BIG SHORT? NOT IN CANADA

HOW TO DISPLAY ART IN YOUR CONDO

GTA EDITION

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fold

6.875" x 10.5" OGF

tridel.com

Boutique condo living coming soon to Sheppard east of 404.

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Production Artist: Designer: Account Manager: Production Manager:

*See sales Representative for details. Offer is applicable to the purchase of select units only and valued to $5,000 as a gift card exclusively for The Market by Longos at Imperial Plaza. For alimited time only. Prices andspecifications are subject to change without notice. All images are artists concept only. E&O.E. BLOOR ST.

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DEER 45368 Condo Guide The Market FA.indd 1 2/19/16 9:37 AM001-Camrost-BlueDiamond 02-27-16.indd 1 2016-02-23 11:01 AM

FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 3 2 YPNEXTHOME.CA

Exploring new neighbourhoodsA wannabe adventurer at heart, I

relish exploring new neighbourhoods

on a bicycle. Its been my main mode

of transportation since I was a little

kid. Ive been lucky over four solid

decades to discover the good, the

bad and the unexpected side of a

neighbourhood thanks to my two-

wheeled friend.

With bike sharing services such

as Bixi and VeloGo, its easier than

ever to discover a neighbourhood by

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country.

Faster than walking, easier than

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understand what a neighbourhood is

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Let us know what you think. Wed

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You walk into the electronics shop,

ask about the newest smartphone.

They tell you all about it, show you an

artists concept drawing and expect

you to buy it on the spot. You dont

buy a pair of shoes or even new pots

and pans this way. So when it comes

to buying a preconstruction home, it

makes sense that a lot of people have

di culty buying from fl oorplans or

fi guring out how fi nishes will look.

Model suites and sales o ce

vignettes are great ways to help

prospective buyers actualize the

fi nished product. If the builder has

done similar projects you may be able

to reference those too.

Buying preconstruction can save

you a lot of money and provides a

great opportunity, so dont shy away

because the fl oorplans are daunting.

Ask all the questions you want and

seek out the professional advice you

need instead of missing out on a great

opportunity.

Enjoy this issue of Condo Guide

and check out our advice, info and

listings on ypnexthome.ca and on the

YP NextHome App and get ready to

make your move.

+ get social

Editors' Notes

EXPLORE UNIONVILLE

Interact with us on social media: ypnexthome

SUSAN LEGGEEditor-in-Chief / Director of ContentYellow Pages NextHomeEmail: [email protected]: @SusanLegge

ELISA KROVBLITSenior EditorYellow Pages NextHomeEmail: [email protected]: @ElisaKrovblit

MORE PHOTOS ONLINEypnexthome.ca/unionville-neighbourhood

Visualize

002 EditorsNotes_Feb 27_JM.indd 2 2/23/16 3:30 PM

2 YPNEXTHOME.CA

TCG 02-27-16 master.indd 2 2016-02-23 5:58 PM

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PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O.E. RENDERING IS ARTISTS CONCEPT ONLY. *SEE SALES REPRESENTATIVE FOR DETAILS @BazisInc

BAZI-NO1-A-AD-CONDOGUIDE-FEB1-1.indd 1 2/3/16 12:37 PM

FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 3

003-Bazis-No1 02-13-16.indd 3 2016-02-23 11:01 AM


Contributors

BILD REPORTBRYAN 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 o cial blog (bildblogs.ca).

DESIGNER ADVICEYANIC SIMARDYanic Simard is New Condo Guides design editor, principal designer of the award-winning Toronto Interior Design Group (tidg.ca), and regular guest expert on Citys Cityline.

LEGALLY SPEAKINGJAYSON SCHWARZJayson Schwarz LL.M is a Toronto real estate lawyer and partner in the law fi rm Schwarz Law LLP. Visit the website at schwarzlaw.ca or email [email protected].

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

INVESTOR INSIGHTSANDREW 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. Contact Andrew at 416.371.2333 or [email protected].

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

MORTGAGE ADVICEALYSSA RICHARDAlyssa Richard is the founder and CEO of RateHub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart fi nancial decisions.

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

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill

EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge

DIRECTOR OF SALES

Moe Lalani

ASSOCIATE PUBLISHER

Anne-Marie Breen

ASSOCIATE PUBLISHER, NEW HOME & CONDO GUIDE SOUTH WESTERN ONTARIO

Susan Maxwell

ART DIRECTOR

Daiana Garay

SENIOR EDITORS

Elisa Krovblit Lydia McNutt (on leave)Jackie Marchildon

EDITOR

Sonia Bell

CONTRIBUTING EDITORS

Wayne KarlSara Duck (on leave)

DESIGN EDITOR

Yanic Simard

SENIOR ACCOUNT EXECUTIVES

Dionne [email protected] [email protected]

SALES & MARKETING CO-ORDINATOR

Terry Bassett

PRODUCTION MANAGER

Bala Gnanapandithan

PRODUCTION CO-ORDINATOR

Sandra Hanak-Vujnovic

GRAPHIC DESIGNER

Miguel Cea

#500-401 The West MallEtobicoke, ON M9C 5J5T 416.626.4200 F 416.784.5867ypnexthome.ca

ADVERTISING Call 416.626.4200 for advertising rates and information. CIRCULATION Free distribution in select high-tra c street boxes, stores, banks, fi nancial institutions and select condominium sales o ces.COPYRIGHT 2016 All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and o enders 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.

Please recycle this magazine! Yellow Pages NextHome participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.

004 Contributors masthead_JM.indd 2 2/23/16 3:30 PM

4 YPNEXTHOME.CA


5

005-Pinnacle-PJ 01-30-16.indd 5 2016-02-23 11:01 AM

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

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

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EAU2 45392 Condo Guide DPS_FA.indd 1 2/22/16 2:09 PM006-007-Empire-Corp 02-27-16.indd 1 2016-02-23 11:01 AM

LUXURY WATERFRONT CONDOS FROM THE MID $300sOne of Canadas tallest waterfront condos, Eau Du Soleil offers spectacular views and fabulousamenities like the infinity rooftop terrace, indoor salt water pool, fitness centre, outdoor sportscourt and more.

1 Spectacular lake and city skyline views

2 Bright master retreat with walk outto balcony

3 Expansive open concept living anddining area

4 Multi-purpose tech space perfect forhome of ce

5 Modern L shaped kitchen withstainless steel appliances

6 Luxurious spa-inspired bathroomTOPLearn more at eaudusoleiltoronto.com

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

SKY 12480 SQ. FT.ONE BEDROOM + TECH

Life is better overlooking the water! Enjoy

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NOW UNDER CONSTRUCTIONVISIT THE PRESENTATION GALLERY TODAY

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HILL 45344 Condo Guide Ad.indd 1 16-02-17 4:31 PM


009-Pemberton-SkyCity 02-27-16.indd 9 2016-02-23 11:01 AM


MenkesFabik prepares for occupancy

ON THE COVER

property profi les

56 Mattamy Homes and Biddington Homes

J. Davis House off ers gracious condominium living in Davisville Village

trending

18 Market newsHousing starts in Ontario humming along

48 The Big ShortWhy Canada will never

star in it

60 Minto Get invested at Minto Westside

62 Royal LePage Home price growth due for cold shower

66 11th annual IcefestThe festival returns to Bloor-Yorkville

+online

SEARCHHOME

NEIGHBOURHOOD

WITHDYNAMIC

MAPSLOOK FOR THE CIRCLE

+PHOTOS+VIDEOS+ADVICE+INSPIRATION+TRENDING

MORE

contentsFEB 27 MAR 12 2016 | VOLUME 20, ISSUE 5

20

010-011 CG GTA TOC FEB 27-SB-JM.indd 2 2/23/16 3:55 PM

56

30 41 Condo proThe occupancy fee: What is it? by Barbara Lawlor

52 Mortgage adviceMortgage mistakes to avoidby Alyssa Richard

Inspiration

30 Designer adviceThe magic carpet guideby Yanic Simard

neighbourhood profile

25 UnionvilleThriving heritage village a sought-after destination

buyers resource section

80 Hot Properties 905Previews, new releases and grand openings in the 905


in every issue

02 Editors Note

04 Contributors

94 Advertiser Index

95 Whats Online

district maps

82 Toronto and Waterfront

88 905 region

70 The Artist ProjectWhere and how to display art in your condo

76 Tapping your RRSP before retirement The dos and donts

78 Adi Development GroupThe first annual Freeze Out Diabetes Skate-a-thon

advice

12 BILD reportHousing affordability an issue for consumers and industryby Bryan Tuckey

14 Leap Year 2016Canadas historical home price growthby Wayne Karl

24 Investor insightsWhy pre-construction condos are a great buyby Andrew la Fleur

38 Stat chatOutlook for Toronto condos in 2016 is looking up!by Ben Myers

40 Legally speakingClosing costs 101 by Jayson Schwarz


10 YPNEXTHOME.CA



MenkesFabik prepares for occupancy

ON THE COVER

property profi les

56 Mattamy Homes and Biddington Homes

J. Davis House off ers gracious condominium living in Davisville Village

trending

18 Market newsHousing starts in Ontario humming along

48 The Big ShortWhy Canada will never

star in it

60 Minto Get invested at Minto Westside

62 Royal LePage Home price growth due for cold shower

66 11th annual IcefestThe festival returns to Bloor-Yorkville

+online

SEARCHHOME

NEIGHBOURHOOD

WITHDYNAMIC

MAPSLOOK FOR THE CIRCLE

+PHOTOS+VIDEOS+ADVICE+INSPIRATION+TRENDING

MORE

contentsFEB 27 MAR 12 2016 | VOLUME 20, ISSUE 5

20


56

30 41 Condo proThe occupancy fee: What is it? by Barbara Lawlor

52 Mortgage adviceMortgage mistakes to avoidby Alyssa Richard

Inspiration

30 Designer adviceThe magic carpet guideby Yanic Simard

neighbourhood profile

25 UnionvilleThriving heritage village a sought-after destination

buyers resource section



in every issue

02 Editors Note

04 Contributors

94 Advertiser Index

95 Whats Online

district maps

82 Toronto and Waterfront

88 905 region

70 The Artist ProjectWhere and how to display art in your condo

76 Tapping your RRSP before retirement The dos and donts

78 Adi Development GroupThe first annual Freeze Out Diabetes Skate-a-thon

advice

12 BILD reportHousing affordability an issue for consumers and industryby Bryan Tuckey

14 Leap Year 2016Canadas historical home price growthby Wayne Karl

24 Investor insightsWhy pre-construction condos are a great buyby Andrew la Fleur

38 Stat chatOutlook for Toronto condos in 2016 is looking up!by Ben Myers

40 Legally speakingClosing costs 101 by Jayson Schwarz




Housing a ordability an issue for consumers and industry

Advice | BILD REPORT

THE AFFORDABILITY OF housing in the

Greater Toronto Area is an important

issue. It is one that most GTA

residents watch with interest, and it

is one that has them worrying about

what the future will hold for them and

for their children.

According to a poll that we

conducted with Ipsos, 70 per cent of

GTA residents are concerned about

their ability to buy their next home.

The poll of 1,500 GTA residents was

taken in late August.

More than one third of the people,

some 39 per cent, said they were very

concerned, while 31 per cent said they

were somewhat concerned about the

a ordability of their next home.

We also asked people if they were

concerned about their childrens

ability to buy a home in the future.

Of those who have either adult

children or children under 17, more

than three-quarters, some 78 per

cent, said they are concerned that

their kids will face challenges with

a ordability when it is time for them

to purchase a home. Almost half,

46 per cent, said they are very

concerned about their childrens

ability to purchase a home.

A ordability is also a major issue

for the industry and one that we are

passionate about. We are in the new-

home building and selling business,

and we need people to be able to

a ord to buy our products.

As an industry, we continue to

innovate and provide consumers

with new housing choices that are

a ordable. Ground-related developers

have been building and will continue

to build many di erent types of

townhomes as well as semis and

detached homes. Developers building

condominiums in the GTA will keep

fi nding creative ways to maximize

living space and reduce the suite size

to make them more a ordable for

new-home buyers. But innovation

alone will not address the challenge of

a ordability.

Our housing market in the GTA is

dynamic and it is complicated. Like all

markets it is subject to the economic

laws of supply and demand, but to

complicate matters it is also impacted

greatly by governments at all levels.

Things such as land use, housing and

fi scal policies, government taxes/fees/

charges, outdated zoning bylaws and

approval processes, and lack of land

that is serviced with infrastructure and

ready for development are key factors

in the challenge of a ordability.

Government fees and taxes amount

to an average of one-fi fth the cost

of a new home in the GTA. A large

part of those fees are development

charges. Since 2004, development

changes in the GTA have increased

between 143 and 357 per cent.

Another issue that adds to

the cost of building housing is

outdated municipal bylaws. Many

GTA municipalities are operating

under outdated bylaws which can

result in project timeline delays and

unnecessary expenses for new-home

buyers.

Increased pushback or NIMBYism

from neighbourhoods and residents

who dont understand intensifi cation

policies can lead to disputes and

delays that often lead to increased

costs for new homebuyers as well.

To tackle the issue of housing

a ordability all those involved need to

be engaged in fi nding creative solutions.

By Bryan Tuckey

MORE ADVICE ONLINEypnexthome.ca/news/advice

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 BILDs o cial online blog (bildblogs.ca).

012 Advice_BILD Report_MC-JM.indd 2 2/23/16 10:24 AM

12 YPNEXTHOME.CA


* The 5% deposit program, free locker, no closing costs, as well as the $20,000 cash back on studio suites, are available for a limited time only. Other conditions may apply. See Sales Representative for full details. Exclusive Listing: City Life Realty Ltd. Brokerage. Brokers Protected. Prices and specifications are subject to change without notice. Illustrations are artists concepts. E. & O.E.

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THE QUEENSWA

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ND THE QUEENSWAY

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DANHPK16018 CondoGuide Canada Blooms Insert.indd 1 2016-02-18 3:51 PM013-Daniels-HighPark 02-27-16.indd 13 2016-02-23 11:01 AM

SINCE 2016 IS a leap year, and Feb. 29 approaches, we

thought it would be interesting to examine Canadian

home price growth using four-year intervals.

Weve gone all the way back to 1984, and the home

price growth is, well You wont believe it.

If youve ever heard the axiom, Dont wait to buy real

estate, buy real estate and wait, this story defines its

meaning. It also underlines the value of real estate over

the long term.

We show you where market by major Canadian

market and by how much.

WHAT DRIVES REAL ESTATE?Strong historical home price growth might be expected,

given that real estate is a proven performer over the

long term. But looking at the growth in these four-year

windows shows some pretty staggering appreciation.

Its important, however, to take inflation and other

factors into account.

Housing market activity can fluctuate greatly over

short time frames, Bob Dugan, chief economist, Canada

Mortgage and Housing Corp. (CMHC), told YPNextHome.

Over the course of a given four-year period, for example,

housing market activity will reflect temporary factors

such as swings in supply and demand that accompany

normal economic ups-and-downs, as well as other

macroeconomic factors.

CANADA

Canada: Average prices, all home types (% growth)

1984

$76,351

1988

$129,702(70%)

1992

$149,864(16%)

1996

$150,899(1%)

2000

$164,374(9%)

2004

$226,604(38%)

2008

$304,663(34%)

2012

$363,606(19%)

2016

$442,264(21%)

While it is true that nominal house price growth was

very strong in the four-year window of 1984 to 1988,

this coincided with a period of strong overall inflation.

Similarly, if we calculate house price growth over the

entire period of 1984 to the present using nominal

measures, it would be surprising not to see spectacular

results for growth, since we are not accounting for the

impact of overall inflation over that span of time.

Its also important to note that mortgage rates have

declined significantly since 1984, which, combined with

income growth, has increased the borrowing capacity of

homebuyers. As a result, homebuyers could increasingly

afford more expensive homes, which in turn contributed

to the rise in average prices.

Advice | FUNDAMENTALLY SPEAKING

LEAP YEAR 2016Canadas historical home price growth

GREATER VANCOUVER

Great Vancouver: Average prices, all home types (% growth)

1984

$113,722

1988

$160,376(41%)

1992

$245,260(53%)

1996

$288,268(18%)

2000

$295,978(3%)

2004

$373,877(26%)

2008

$593,767(59%)

2012

$730,063(23%)

2016

$897,158(23%)

Sticking with the unadjusted numbers, looking at

Greater Vancouver, there was huge growth 53 per cent

from 1988 to 1992. What happened in this market over

that period to contribute to such growth?

Hello Expo 86, the world exposition that showcased the

city and the province.

Demand to live in the region picked up in the late 1980s

and early 1990s, thanks to this international event, says

Richard K. Sam, principal market analyst for Vancouver at

CMHC.

An expanding economy and employment opportunities

attracted people to Vancouver and fueled population-

based demand for housing. Migration to the area was high,

especially interprovincial migration.

BC recorded a net gain of 125,880 people from other

provinces between 1986 and 1991, Sam says. Along with

job growth, wages and salaries grew at a faster pace,

particular from 1988 to 1990.

With these fundamental drivers in place, the demand

for housing increased. Vacancy rates in the rental market

were below one per cent from 1988 to 1990, and existing

home sales reached relatively high levels. Home prices

increased as demand exceeded supply.

So how to explain the 59-per-cent growth in Greater

Vancouver from 2004 to 2008, well after Expo 86?

After a period of flat home sales and prices between

1996 and 2000, demand for housing started to pick up

during the latter half of 2001, Sam says. This coincided

with improving economic fundamentals (growth in

employment, population and incomes), but also with

relatively low interest rates.

Along with low mortgage rates, international and

interprovincial migration into the region increased, with

the city recording a net population gain of 144,348 from

2004 to 2008.

One of the main drivers of economic and job growth

was the infrastructure needed to support the 2010

Olympic Games, which led to labour shortages in the

construction field. Resales reached their highest level

at 42,222 in 2005, while rental vacancy rates, which had

climbed to two per cent in 2003, moved back down below

one per cent from 2006 to 2008.

By Wayne Karl

continued on page 16

014_016 FS Leap year 2016_MC-SB.indd 2 2/23/16 3:08 PM

14 YPNEXTHOME.CA


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Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artists concept. Specifi cations 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.

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015-Daniels-Arc 02-27-16.indd 15 2016-02-23 11:01 AM

WESTERN CANADA

Vancouver wasnt the only market in western Canada that

was booming from 2004 to 2008. Average home prices

in Calgary grew by 82 per cent, and in Edmonton 85 per

cent. Even Winnipeg saw 62-per-cent growth.

Calgary: Average prices, all home types (% growth)

1984

$86,724

1988

$100,687(16%)

1992

$129,506(29%)

1996

$134,643(4%)

2000

$176,305(31%)

2004

$222,860(26%)

2008

$405,267(82%)

2012

$412,315(2%)

2016

$453,936(10%)

Edmonton: Average prices, all home types (% growth)

1984

79,215

1988

$82,123(4%)

1992

$109,602(33%)

1996

$109,042(-1%)

2000

$124,203(14%)

2004

$179,203(45%)

2008

$332,852(85%)

2012

$334,318(0%)

2016

$370,010(11%)

Strong economic growth in Alberta and Manitoba

generated employment opportunities and attracted many

migrants to these provinces, according to Lai Sing Louie,

regional economist, Prairies and Territories, for CMHC.

Winnipeg: Average prices, all home types (% growth)

1984

$58,755

1988

$81,931(39%)

1992

$81,990(0%)

1996

$86,142(5%)

2000

$88,553(3%)

2004

$121,925(38%)

2008

$196,940(62%)

2012

$255,058(30%)

2016

$279,365(10%)

Albertas economy generated many jobs in this period,

with a peak annual growth rate of five per cent in 2006.

In Calgary and Edmonton, the unemployment rates were

below four per cent for large periods and temporary

foreign workers began to help fill the labour shortage.

As result of strong economic and demographic growth,

housing demand increased, lifting housing prices.

GREATER TORONTO

While Vancouver achieved huge gains from 1988 to 1992,

and the rest of Canada saw decent growth, the GTA was

the only market in Canada to decline, by four per cent,

(and again by three per cent from 1992 to 1996). What

happened?

Great Toronto: Average prices, all home types (% growth)

1984

$95,423

1988

$212,373(123%)

1992

$203,323(-4%)

1996

$196,476(-3%)

2000

$243,249(24%)

2004

$315,266(30%)

2008

$379,943(21%)

2012

$498,973(31%)

2016

$622,707(25%)

All indicators pointed to a bubble in the Toronto

housing market during the late 1980s and early 1990s,

says Dana Senagama, principal market analyst for GTA.

The market overheated, which led to an acceleration

in house price growth. House prices then became

overvalued, and overbuilding was observed before a

significant decline in house prices was noted.

Hamilton-Burlington: Average prices, all home types (% growth)

1984

$65,995

1988

$135,221(105%)

1992

$151,038(12%)

1996

$142,267(-6%)

2000

$164,168(15%)

2004

$215,922(32%)

2008

$280,790(30%)

2012

$360,059(28%)

2016

$443,388(23%)

Torontos housing market faced significant macro-

economic headwinds, from a recession in 1990-91.

Mortgage rates were increasing at the same time.

These headwinds resulted in significant job losses, and

the subsequent years saw very slow job growth, says

Senagama. Leading up to the recession, Torontos real

estate market had gone through a fairly exuberant period

that resulted in rapid price growth and home construction.

Between 1986 and 1989, home prices were growing at

20 to 30 per cent per year, on average. This encouraged

builders to increase supply based on speculation that the

previously strong demand would still be there.

But by 1990, Torontos new-home market had a large

overhang of unsold inventory. The weak recovery in

Torontos job market and higher mortgage rates led to

a lack of buyers, and the market was unable to absorb

inventory fast enough to maintain price levels.

EASTERN CANADA

Looking across the country, markets in eastern Canada

have quietly hummed along nicely over the years.

Newfoundland and Labrador, and Halifax-Dartmouth, saw

pretty steady though unspectacular growth. What does

that say about these markets?

Saint John: Average prices, all home types (% growth)

1984

$53,257

1988

$73,502(38%)

1992

$81,560(11%)

1996

$82,066(1%)

2000

$93,697(14%)

2004

$116,836(25%)

2008

$158,117(35%)

2012

$168,048(6%)

2016

$164,155(-3%)

Halifax-Dartmouth: Average prices, all home types (% growth)

1984

$78,474

1988

$92,204(17%)

1992

$99,975(8%)

1996

$105,869(6%)

2000

$128,003(21%)

2004

$175,132(37%)

2008

$232,106(33%)

2012

$270,742(17%)

2016

$280,672(4%)

Price growth was strongest in Halifax between 1998 and

2008, according to Guillaume Neault, CMHC regional

economist, Atlantic, coinciding with a period of residential

growth in the resale and new-home markets.

Newfoundland & Labrador: Average prices, all home types (% growth)

1984

$60,629

1988

$76,828(27%)

1992

$91,590(19%)

1996

$93,661(2%)

2000

$99,525(6%)

2004

$131,499(32%)

2008

$178,477(36%)

2012

$268,776(51%)

2016

$276,302(3%)

Between 2008 and today, price growth stabilized, he

says. (Last year) was the third consecutive year where

sales volume and new home starts were 20 per cent less

than the 10-year historical average. Construction activity,

however, has not subsided. Apartment construction,

typically offered in rental tenure, has grown exponentially

since 2008. Most of the units cater to households wishing

to downsize.

Data provided by Canadian Real Estate Association. 2016

figures are as of Dec. 31, 2015.

continued from page 14

014_016 FS Leap year 2016_MC-SB.indd 3 2/23/16 3:08 PM

16 YPNEXTHOME.CA


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CITY 44724 CONDO GUIDE GRAND OPENING FA.indd 1 1/19/16 9:36 AM

OOAK_S16_CondoGuide_FP_v1.indd 1 2/16/16 1:19 PM017-OneOfKind 02-27-16.indd 17 2016-02-23 11:01 AM


Low inventory in the resale market and increased new home sales over the past couple of years led to stronger starts of both lowrise and highrise units.

Trending

Housing starts in Ontario and Toronto humming alongWHILE PARTS OF CANADA deal with

challenging local economies and real

estate markets, housing starts an

important indicator of economic

health continue to hum along

in Ontario.

Housing starts in the Ontario

region were trending at 75,325 units

in January, up from 73,786 units in

December, according to data from

Canada Mortgage and Housing

Corp. (CMHC).

The Ontario residential

construction trend continued to

move higher, says Ted Tsiakopoulos,

CMHCs Ontario regional economist.

All housing types posted increased in

the latest month.

The Ontario starts trend ran above

levels supported by household

formation rates through the second

half of 2015. This points to a

moderation in activity from recent

levels.

ypnexthome.ca/news

MORE TRENDING ONLINE

Modest job growth, lower levels

of in-migration in recent years and a

declining backlog of condominium

sales awaiting construction should

result in lower levels of starts as

we move through 2016, says

Tsiakopoulos.

In Toronto, Canadas largest market,

housing starts also trended higher in

January 45,114 units, compared to

44,834 in December 2015.

Last years momentum continued

throughout January, says Dana

Senagama, CMHC principal market

analyst for the GTA. Low inventory in

the resale market and increased new

home sales over the past couple of

years led to stronger starts of both

lowrise and highrise units.

The standalone monthly seasonally

adjusted annual rate of housing

starts was 25,329 units in January,

up from 24,732 units in December.

The increase was the result of greater

apartment starts, CMHC says.

Construction of 725 new condo

apartment units within the city

of Toronto meant it recorded the

highest number of starts within the

GTA. Brampton recorded the next

highest, comprising mostly single-

detached and townhouse units. This

was followed by Milton, where condo

apartment construction was robust.

018 TR Housing starts in Ontario and Toronto humming along_MC-JM.indd 2 2/23/16 10:24 AM

18 YPNEXTHOME.CA


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019-Daniels-OliviaMArie 02-27-16.indd 19 2016-02-23 11:01 AM


dishwasher clad with cabinet paneling. Bathrooms

have custom-designed vanities with cultured marble

countertop, integrated sink basin and full-width mirror.

Fabrik offers a top-flight amenity program enabling

residents to tap into the energy that infuses this hip

new condo community and establish connections with

their building neighbours. Amenities include a fully

equipped gym with cardio and weight areas, games

room, Hollywood-style screening room, and pet spa an

essential for todays condo dweller. Theres also a hotel-

style guest suite, and convenient on-site bicycle storage

for those who prefer to take advantage of the city on

two wheels.

The buildings party room offers the perfect spot for

entertaining guests, equipped with a catering kitchen, bar,

lounge seating, double-sided gas fireplace and outdoor

terrace. Residents and their guests can soak up the sun

LocationRichmond St. & Spadina Ave.

BuilderMenkes Developments

DevelopmentFabrik Condos

Home TypeOne - to two-bedroom condo units

Sales Centre770 Bay St.

[email protected]

this summer as well as the spectacular city views

from Fabriks 12th floor private outdoor terrace, which

features lounge seating, a gas fireplace, BBQ facilities

and a sundeck.

Boasting an excellent location, contemporary design

and an enviable amenity package, Fabrik has been one

of our most talked about projects since its launch, says

Ng. With occupancy about to begin, words are turning

into action and we are about to deliver on our promise to

develop a stylish, well-designed building that adds even

more life to an already bustling area.

For more information on Fabrik, visit the Menkes condo

centre at 770 Bay St., Toronto. Open from 12 p.m.

to 6 p.m. Monday to Thursday, closed Friday and open on

Saturday, Sunday, and holidays from 12 p.m. to 5 p.m; call

416-591-7700 or email [email protected].

020-021 COVER - Fabrik Summer Occupancy_MC-JM.indd 3 2/23/16 2:04 PM

Property Profile | MENKES

THEY SAY THAT IN FASHION, its the accessories that make

the outfit.

The same is true when it comes to Torontos most

fashionable new condominium, Fabrik, from Menkes

Developments. With construction nearly complete, and

occupancies scheduled for this summer, the development

team is focused on putting the finishing touches on this

haute couture condo.

Our design team at Giannone Petricone Associates is

overseeing the final construction work and finishing details

at Fabrik as we approach initial occupancies, says

Mimi Ng, vice president of sales and marketing for

Menkes Developments. With the building nearly

complete, and move-ins just months away, we still

have a small handful of prime suites available for

those still looking to live in Torontos most fashionable

neighbourhood.

Located on Richmond Street, just west of Spadina

Avenue, Fabrik is a 17-storey structure featuring a

distinctive exterior of stacked glass cubes, atop ground

floor retail space. Woven artfully into the heart of the

Fashion District, select suites at Fabrik remain available in

a variety of layouts and prices (from an efficient 453-sq.-

ft. one-bedroom layout to a spacious 791-sq.-ft. two-

bedroom plan).

Prices at Fabrik start at an affordable $329,990

and Menkes is currently accepting offers with just

10 per cent down.

Inside, Fabriks suites all feature spacious nine-foot

ceilings, laminate flooring and ensuite Energy Star-rated

washer and dryer. Units include full-height, thermally

insulated energy-efficient windows and individually

controlled centralized heating and cooling systems

ideal for balmy Toronto summers.

Kitchens come with Giannone Petricone Associates

custom-designed cabinetry, quartz countertops, and

ceramic or glass tile backsplash, plus European-style

appliances including a built-in Energy Star fridge and

cover story

Fabrik prepares for

occupancyMenkes to sell remaining suites

with just 10 per cent down


20 YPNEXTHOME.CA



dishwasher clad with cabinet paneling. Bathrooms

have custom-designed vanities with cultured marble

countertop, integrated sink basin and full-width mirror.

Fabrik offers a top-flight amenity program enabling

residents to tap into the energy that infuses this hip

new condo community and establish connections with

their building neighbours. Amenities include a fully

equipped gym with cardio and weight areas, games

room, Hollywood-style screening room, and pet spa an

essential for todays condo dweller. Theres also a hotel-

style guest suite, and convenient on-site bicycle storage

for those who prefer to take advantage of the city on

two wheels.

The buildings party room offers the perfect spot for

entertaining guests, equipped with a catering kitchen, bar,

lounge seating, double-sided gas fireplace and outdoor

terrace. Residents and their guests can soak up the sun

LocationRichmond St. & Spadina Ave.

BuilderMenkes Developments

DevelopmentFabrik Condos

Home TypeOne - to two-bedroom condo units

Sales Centre770 Bay St.

[email protected]

this summer as well as the spectacular city views

from Fabriks 12th floor private outdoor terrace, which

features lounge seating, a gas fireplace, BBQ facilities

and a sundeck.

Boasting an excellent location, contemporary design

and an enviable amenity package, Fabrik has been one

of our most talked about projects since its launch, says

Ng. With occupancy about to begin, words are turning

into action and we are about to deliver on our promise to

develop a stylish, well-designed building that adds even

more life to an already bustling area.

For more information on Fabrik, visit the Menkes condo

centre at 770 Bay St., Toronto. Open from 12 p.m.

to 6 p.m. Monday to Thursday, closed Friday and open on

Saturday, Sunday, and holidays from 12 p.m. to 5 p.m; call

416-591-7700 or email [email protected].


Property Profile | MENKES

THEY SAY THAT IN FASHION, its the accessories that make

the outfit.

The same is true when it comes to Torontos most

fashionable new condominium, Fabrik, from Menkes

Developments. With construction nearly complete, and

occupancies scheduled for this summer, the development

team is focused on putting the finishing touches on this

haute couture condo.

Our design team at Giannone Petricone Associates is

overseeing the final construction work and finishing details

at Fabrik as we approach initial occupancies, says

Mimi Ng, vice president of sales and marketing for

Menkes Developments. With the building nearly

complete, and move-ins just months away, we still

have a small handful of prime suites available for

those still looking to live in Torontos most fashionable

neighbourhood.

Located on Richmond Street, just west of Spadina

Avenue, Fabrik is a 17-storey structure featuring a

distinctive exterior of stacked glass cubes, atop ground

floor retail space. Woven artfully into the heart of the

Fashion District, select suites at Fabrik remain available in

a variety of layouts and prices (from an efficient 453-sq.-

ft. one-bedroom layout to a spacious 791-sq.-ft. two-

bedroom plan).

Prices at Fabrik start at an affordable $329,990

and Menkes is currently accepting offers with just

10 per cent down.

Inside, Fabriks suites all feature spacious nine-foot

ceilings, laminate flooring and ensuite Energy Star-rated

washer and dryer. Units include full-height, thermally

insulated energy-efficient windows and individually

controlled centralized heating and cooling systems

ideal for balmy Toronto summers.

Kitchens come with Giannone Petricone Associates

custom-designed cabinetry, quartz countertops, and

ceramic or glass tile backsplash, plus European-style

appliances including a built-in Energy Star fridge and

cover story

Fabrik prepares for

occupancyMenkes to sell remaining suites

with just 10 per cent down




022-Aragon-81Wellesley 02-27-16.indd 22 2016-02-23 11:01 AM

Construction starting Fall 2016

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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.

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ARC 28014 STUD CG 15 v2.indd 1 2015-11-25 2:38 PM

23

023-Aspen-Corp 12-05-15.indd 23 2016-02-23 11:01 AM


Advice | INVESTOR INSIGHTS

THERE ARE MANY DIFFERENT ways

you can invest and make money

in real estate. Most types of real

estate investing are very hands-on

and require a lot of time and e ort.

Investing in pre-construction condos

on the other hand, can be highly

lucrative with minimal e ort. Here are

four reasons why I believe that pre-

construction condo investing is the

best way to invest and make money in

real estate.

1. Leverage

The number one reason why so

many real estate investors look to the

pre-construction condo market is the

ability to leverage their money over

time. With just 15 to 20 per cent of

your own money, you can buy 100

per cent of an appreciating asset, and

you get to hold that asset for three

to four years without making any

payments on it. Over the last decade

in Toronto, thousands of investors

have seen incredible returns by

simply buying, waiting, then selling on

completion.

2. Access to triple-A locations

Condo investing allows ordinary

investors to get a piece of real estate

in otherwise unattainable locations.

Owning real estate on Yonge Street,

King Street or on the waterfront is

made possible for average investors

only through the power of condo

investing. And with many developers

o ering fl exible deposit structures,

you can own in these prime locations

Why pre-construction condos are a great buy

By Andrew la Fleur


for a fraction of what it would cost to

buy a commercial property, a house,

or a small apartment complex in the

same locations.

3. Low maintenance

New condos are perfect for the

busy professional or self-employed

business person because you can own

multiple units with little to no month-

to-month property management.

Many of my clients tell me that they

are so busy with their full-time jobs or

their businesses, they dont have time

to start a part-time business as

a landlord. Compared to buying a

house or a commercial property, new

condos o er the lowest maintenance

with the highest rentability which

means theres nothing to fi x or

maintain and your unit will rent out

very quickly, saving you time for what

really matters in your life.

4. Rental demand

Since the end of the highrise

apartment construction boom of the

1960s, there have been almost no

purpose-built rental buildings in the

City of Toronto. Yet our city keeps

growing by tens of thousands every

year. The need for new rental units

is now fi lled almost entirely by new

condominiums and tenants always

want to live in the latest and greatest

buildings. Buying pre-construction

guarantees that you will own the

newest apartment on the block when

the building is complete and condo

investors know that renting out a unit

in a brand new building has been a

very lucrative experience.

Andrew la Fleur is an award-winning realtor with Re/Max. Andrews expertise is in helping investors make money in the Toronto condo market. Contact Andrew at 416.371.2333 or [email protected].

024 Andrew la Fleur Real why preconstruction is best-SB-JM.indd 2 2/23/16 3:08 PM

UNIONVILLE IS A THRIVING heritage

village in the northeast corner of the

GTA and in the heart of the City of

Markham. This quaint neighbourhood

was erected in the late 1700s and has

since become an extremely sought-

after area for its beauty and history.

Lifestyle

Main Street Unionville is home to

the majority of the areas hotspots. A

combination of scenery, activities and

people makes Unionville a pleasant

place to live. There is a thriving cultural

scene with the Flato Markham

Theatre, the Varley Art Gallery and

McKay Art Centre. Unionville High

School, specializing in the arts,

was attended by actors Hayden

Christensen and Emmanuelle Chriqui.

Vibe

Unionville is highly regarded for its

historic look and feel due to the

Neighbourhood Profi le

preservation of heritage homes

and buildings, especially along

the iconic Main Street. There is a

sense of vibrancy resulting from the

friendliness of the residents and the

towns annual festivals, including the

Unionville Festival, Jazz Festival and

the Festival of Lights.

Meet the neighbours

With Markham being one of Canadas

most multicultural cities, Unionville

is also home to people with varying

ethno-cultural backgrounds. The

neighbourhood is packed with

married couples and families who are

drawn to the low crime rate and the

areas facilities, including community

centres, golf courses, schools and

libraries.

In the area

Unionville is one of the most a uent

towns in the GTA. There is high

demand and the housing prices

continue to skyrocket. An increase

in condo developments and new

townhouses set at more reasonable

prices are drawing in fi rst-time

buyers.

Planes, trains & automobiles

The 407 is easily accessible, but can

be expensive to use. Unionville GO

Station means downtown Toronto is

a short commute along the Stou ville

line. VIVA bus service also makes

stops throughout the GTA. By car, the

airport is about 30 minutes away and

residents are just 34 kilometres from

downtown Toronto.

The good, the bad & the rest

There are multiple grocery stores

in the area and Markville Mall is the

main shopping centre. The majority

of the nightlife takes place on Main

Street, where there are a number

of restaurants and pubs. The areas

diversity is refl ected in the variety of

restaurants, making it a hotspot for

foodies. The Markham Centre is well

into its development and will provide

residents with a unique downtown

area with both residential and

commercial spaces.

Real estate

There is an immense amount of

development in the area, causing

some concern regarding its

gentrifi cation and whether the town

will be able to sustain its historic

edge. Due to the constant building in

and around the neighbourhood and

the growing population, the streets

are also becoming congested.


Sonia Bell works with Yellow Pages NextHome to get the inside scoop on whats trending in real estate, renovation and decor. She has her masters degree in communications, specializing in media, and loves writing about all things real

estate.

Thriving heritage village a sought-after destination

UnionvilleBy Sonia Bell

025 NP Unionville_MC-WK-JM.indd 2 2/23/16 10:24 AM

24 YPNEXTHOME.CA


T O D AY S L I F E S T O R E Y S TA R T S

H E R E

FA S H I O NA p o p u l a r t r e n d i n s t y l e s o r m a n n e r s o f b e h a v i o u r .

A m a n n e r o f d o i n g s o m e t h i n g .

365 CHURCH

FABRIK HARBOUR PLAZA

PEARS

THE EGLINTONYONGE & EGLINTONNOW OPENFROM THE MID $200S416.591.7700

87 PETER PETER & KINGUNDER CONSTRUCTIONSUITES FROM $735,990416.591.7700

FABRIKRICHMOND & SPADINAMOVE-IN SUMMER 2016FROM THE $300S416.591.7700

HARBOUR PLAZAHARBOUR & YORKUNDER CONSTRUCTIONFROM THE MID $300S416.591.7700

365 CHURCHCHURCH & CARLTONUNDER CONSTRUCTIONFROM $248,990416.591.7700

PEARSAVENUE & DAVENPORTMOVE IN NOW FROM $420,000416.323.0100

THE EGLINTON

87 PETER

See sales representative for details. Prices and specifications are subject to change. E.&O.E. 2016

@ M E N K E S L I F EM E N K E S . C O M

MOV E IN TH IS Y E A R . FA BR IK I S THE PER FEC T F I T.

Nows a great time to complete your image and own your own home at

FABRIK. Discover some of the citys most stylish restaurants, nightlife

and clothing stores on the nearby King Street West. The shopping

never stops with Spadina, Kensington Market and Chinatown right

there. The city never sleeps with the hottest nightclubs, bars and

fashionable lounges nearby. The rich texture of the city weaves itself

into your life, embracing you with its wide-eyed vitality.

MOVE IN SUMMER 2016 ONLY 10% DOWN

Learn more at the Menkes Condo Centre at 770 Bay St., Toronto. Call 416.591.7700 or visit us online at menkes.com

1 & 2 BEDROOM SUITES AVAILABLE STARTING FROM THE $300S

See sales representative for details. Prices and specifications are subject to change. E.&O.E. 2016.

S TA R T TO S T Y LE

YOUR L I FE AT A DW TN

LO C AT IO N TH AT

ME A SUR E S UP.

MOV E IN TH IS Y E A R . FA BR IK I S THE PER FEC T F I T.

Nows a great time to complete your image and own your own home at

FABRIK. Discover some of the citys most stylish restaurants, nightlife

and clothing stores on the nearby King Street West. The shopping

never stops with Spadina, Kensington Market and Chinatown right

there. The city never sleeps with the hottest nightclubs, bars and

fashionable lounges nearby. The rich texture of the city weaves itself

into your life, embracing you with its wide-eyed vitality.

MOVE IN SUMMER 2016 ONLY 10% DOWN

Learn more at the Menkes Condo Centre at 770 Bay St., Toronto. Call 416.591.7700 or visit us online at menkes.com

1 & 2 BEDROOM SUITES AVAILABLE STARTING FROM THE $300S

See sales representative for details. Prices and specifications are subject to change. E.&O.E. 2016.

S TA R T TO S T Y LE

YOUR L I FE AT A DW TN

LO C AT IO N TH AT

ME A SUR E S UP.


Advice | INVESTOR INSIGHTS

THERE ARE MANY DIFFERENT ways

you can invest and make money

in real estate. Most types of real

estate investing are very hands-on

and require a lot of time and e ort.

Investing in pre-construction condos

on the other hand, can be highly

lucrative with minimal e ort. Here are

four reasons why I believe that pre-

construction condo investing is the

best way to invest and make money in

real estate.

1. Leverage

The number one reason why so

many real estate investors look to the

pre-construction condo market is the

ability to leverage their money over

time. With just 15 to 20 per cent of

your own money, you can buy 100

per cent of an appreciating asset, and

you get to hold that asset for three

to four years without making any

payments on it. Over the last decade

in Toronto, thousands of investors

have seen incredible returns by

simply buying, waiting, then selling on

completion.

2. Access to triple-A locations

Condo investing allows ordinary

investors to get a piece of real estate

in otherwise unattainable locations.

Owning real estate on Yonge Street,

King Street or on the waterfront is

made possible for average investors

only through the power of condo

investing. And with many developers

o ering fl exible deposit structures,

you can own in these prime locations

Why pre-construction condos are a great buy

By Andrew la Fleur


for a fraction of what it would cost to

buy a commercial property, a house,

or a small apartment complex in the

same locations.

3. Low maintenance

New condos are perfect for the

busy professional or self-employed

business person because you can own

multiple units with little to no month-

to-month property management.

Many of my clients tell me that they

are so busy with their full-time jobs or

their businesses, they dont have time

to start a part-time business as

a landlord. Compared to buying a

house or a commercial property, new

condos o er the lowest maintenance

with the highest rentability which

means theres nothing to fi x or

maintain and your unit will rent out

very quickly, saving you time for what

really matters in your life.

4. Rental demand

Since the end of the highrise

apartment construction boom of the

1960s, there have been almost no

purpose-built rental buildings in the

City of Toronto. Yet our city keeps

growing by tens of thousands every

year. The need for new rental units

is now fi lled almost entirely by new

condominiums and tenants always

want to live in the latest and greatest

buildings. Buying pre-construction

guarantees that you will own the

newest apartment on the block when

the building is complete and condo

investors know that renting out a unit

in a brand new building has been a

very lucrative experience.

Andrew la Fleur is an award-winning realtor with Re/Max. Andrews expertise is in helping investors make money in the Toronto condo market. Contact Andrew at 416.371.2333 or [email protected].

024 Andrew la Fleur Real why preconstruction is best-SB-JM.indd 2 2/23/16 3:08 PM

UNIONVILLE IS A THRIVING heritage

village in the northeast corner of the

GTA and in the heart of the City of

Markham. This quaint neighbourhood

was erected in the late 1700s and has

since become an extremely sought-

after area for its beauty and history.

Lifestyle

Main Street Unionville is home to

the majority of the areas hotspots. A

combination of scenery, activities and

people makes Unionville a pleasant

place to live. There is a thriving cultural

scene with the Flato Markham

Theatre, the Varley Art Gallery and

McKay Art Centre. Unionville High

School, specializing in the arts,

was attended by actors Hayden

Christensen and Emmanuelle Chriqui.

Vibe

Unionville is highly regarded for its

historic look and feel due to the

Neighbourhood Profi le

preservation of heritage homes

and buildings, especially along

the iconic Main Street. There is a

sense of vibrancy resulting from the

friendliness of the residents and the

towns annual festivals, including the

Unionville Festival, Jazz Festival and

the Festival of Lights.

Meet the neighbours

With Markham being one of Canadas

most multicultural cities, Unionville

is also home to people with varying

ethno-cultural backgrounds. The

neighbourhood is packed with

married couples and families who are

drawn to the low crime rate and the

areas facilities, including community

centres, golf courses, schools and

libraries.

In the area

Unionville is one of the most a uent

towns in the GTA. There is high

demand and the housing prices

continue to skyrocket. An increase

in condo developments and new

townhouses set at more reasonable

prices are drawing in fi rst-time

buyers.

Planes, trains & automobiles

The 407 is easily accessible, but can

be expensive to use. Unionville GO

Station means downtown Toronto is

a short commute along the Stou ville

line. VIVA bus service also makes

stops throughout the GTA. By car, the

airport is about 30 minutes away and

residents are just 34 kilometres from

downtown Toronto.

The good, the bad & the rest

There are multiple grocery stores

in the area and Markville Mall is the

main shopping centre. The majority

of the nightlife takes place on Main

Street, where there are a number

of restaurants and pubs. The areas

diversity is refl ected in the variety of

restaurants, making it a hotspot for

foodies. The Markham Centre is well

into its development and will provide

residents with a unique downtown

area with both residential and

commercial spaces.

Real estate

There is an immense amount of

development in the area, causing

some concern regarding its

gentrifi cation and whether the town

will be able to sustain its historic

edge. Due to the constant building in

and around the neighbourhood and

the growing population, the streets

are also becoming congested.


Sonia Bell works with Yellow Pages NextHome to get the inside scoop on whats trending in real estate, renovation and decor. She has her masters degree in communications, specializing in media, and loves writing about all things real

estate.

Thriving heritage village a sought-after destination

UnionvilleBy Sonia Bell

025 NP Unionville_MC-WK-JM.indd 2 2/23/16 10:24 AM



Get your copy now!416.626.4888

SPRING ISSUE COMING SOON

luxury homes and condos to life

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

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.

homes

LuxuryCover-SPRING 2015.indd 1

4/15/15 4:24 PM

Luxury Spring 2015_Master.indd 1

15-04-15 5:30 PM

ON PAR: LIFE IN

GOLF COMMUNITIESHIGH-END LIVING: THE

LUX

CONDO EVOLUTION

A LIFE OF COLOUR:

JONATHAN ADLER ON DECOR

Sitting pretty:Sitting pretty:living the high life in the GT

As

most luxurious homes and condos

FALL 2015 | GTA EDITION

Cover photo courtesy of

The Randall Residences

BY ROSEHAVEN HOMES

LuxuryCover-FALL 2015.indd 1

9/21/15 1:38 PM

026-Luxury Condo.indd 26 2016-02-23 5:37 PM

Life happens between the lines at the WhitehausFrom the $300sWelcome to Whitehaus, midtowns most connected condominium community, steps to the subway, restaurants and all the excitement and energy of Yonge and Eglinton. With its defi ning architecture and inspiring amenities, Whitehaus is set to be an iconic new destination in this vibrant neighbourhood.

Register now I whitehaus.ca Prices and specifications subject to change without notice. E. & O. E. Illustration is artists concepts. Brokers protected. Exclusive broker listing: Baker Real Estate Incorporated.


027-Lifetime-Whitehaus 02-27-16.indd 27 2016-02-23 11:01 AM

416-813-0999TheLakeShoreCondo.ca

A COMBINATION RARELY OFFERED.AN ICON RARELY SEEN.

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

Visit TheLakeShoreCondo.ca.

28 YPNEXTHOME.CA

028-029-Concord-Lakeshore 11-07-15.indd 28 2016-02-23 2:01 PM

416-813-0999TheLakeShoreCondo.ca

A COMBINATION RARELY OFFERED.AN ICON RARELY SEEN.

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

Visit TheLakeShoreCondo.ca.


028-029-Concord-Lakeshore 11-07-15.indd 29 2016-02-23 2:01 PM


AREA RUGS HAVE BEEN adding bold colour and

exotic pattern to fl oors of all forms since at least

the 5th century BC, and the high-tech carpet

industry has been booming for centuries (since

1791, to be precise, when the fi rst woven carpet

mill opened in Philadelphia). Lately, hardwood

fl oors (and their lookalikes) have been the staple

in condo design, but now I see rugs in all forms

coming back in style to bring the warmth,

coziness and colour that only they can provide.

Theyre a perfect complement to wood, so you

dont even have to choose between the two! To

achieve a timeless look in your highrise home,

heres my magic carpet guide.

continued on page 32


Inspiration | DESIGNER ADVICE

THE MAGICCARPET GUIDE

By Yanic SimardPhotography by Brandon Barr

030-032-034 Designer Advice-Yanic-Magic Carpet Guide_MC-JM.indd 2 2/23/16 1:05 PM

30 YPNEXTHOME.CA


DO

N M

ILLS

RD

HW

Y 4

04

SHEPPARD AVE

PresentationCentre

HWY 401

ForestManor Rd.

NT TC

Fair view Mall

EXCLUSIVE LISTING: BAKER REAL ESTATE INCORPORATED BROKERAGE. 5% due in 30 days, 5% due in 120 days and the remaining 10% is due on interim occupancy. Offer limited to qualified Fifth on the Park purchasers only. Ask sales representative for details. Incentives and offers aresubject to change and may be withdrawn at any time without notice. Offers and incentives may not be combined with any other offers or incentives. Views are subject to change without notice. The image is for illustrative purposes only and in no way represents or guarantees the views norrepresents or guarantees any condition at present or in the future, which may obstruct or impede the views, including but not limited to current or future construction plans by the developer or others. Neither the developer nor its agents make any guarantees of the existence of any view fromany unit or location within Emerald City. The Fifth on the Park is the second tower out of three proposed towers within this phase. Rendering is an artists impression. All prices, sizes and specifications are subject to change without notice. E.&O.E. Brokers Protected.

Visit our Presentation Centre directly acrossfrom Fairview Mall on Sheppard Avenue

PRESENTATION CENTREMon -Thurs 11-6 pm :: Saturday & Sunday 12-5 pmFor more information, call 416.492.0001

Fifth onthePark.ca

North Yorks Success StoryNear Fairview Mall and Don Mills Subway

NOW UNDER CONSTRUCTIONLast Chance at Pre-Construction Prices! From the mid $200s

Buy with 10% Down

Special Incentives

New One+Den Designs

A BOLD AND DRAMATIC PRESENCE IS EVOLVING AT DON MILLS ROAD AND SHEPPARD AVENUE.THE MASTER PLANNED COMMUNITY OF EMERALD CITY.

EMERALD CITY IS NEAR DON MILLS AND SHEPPARD AVENUE

fifthonthepark.NEW2016febNEW2:Layout 1 2016-02-07 10:09 AM Page 1


031-ELAD-FifthOnPark 02-13-16.indd 31 2016-02-23 2:01 PM


Man versus machine Hand-knotting is the traditional method of creating Persian or

Oriental rugs. These rugs are hand

crafted with complex knotting

techniques to leave a dense, soft

surface of exposed fibres. The

higher the knot count, the

denser the weave, and the finer

the rug.

Machine-made rugs can be created in a number of ways. Tufted rugs

usually glue synthetic fibres to a

backing, a bond which can degrade

over time. Machine-knotted rugs

better simulate handmade versions

and tend to last longer than tufted

rugs.

Lastly, woven rugs use looms to interlock the yarns to the backing.

The quality will depend completely

on the type of materials used.

Material mattersWool typically gives the richest look,

but also comes with the highest price

tag. The dense, natural fibres resist

soil and dirt, but often absorb stains.

Silk is often blended with wool in fine

rugs (especially true antiques) to give

a luxurious feel and look, but must be

treated delicately.

Sisal gives an inviting natural look

like wool, but is rougher to the touch.

Its often used for stairs, welcome

mats and other high traffic areas. Im

particularly a fan of it for a dining

room.

Nylon is a very practical and cost-

effective option. The synthetic fibre

is resilient, and easy to clean and

maintain (making it ideal for high

traffic areas).

Polyester is a synthetic similar to

nylon, but less crush resistant, and

harder to dye (which limits options).

It resists water-based stains but is

prone to oil-based stains.

Olefin is another synthetic option

which is highly resistant to chemical

stai

gta new condo guide - feb 27, 2016

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