gta new condo guide - sept 26, 2015

the villageresidencesAT BAYVIEW AND SHEPPARD

NOW PREVIEWING

www.VillageResidences.ca | 647.622.8408

VRES 42429 Condo Guide Cover FA.indd 1 9/16/15 5:23 PM

INSIDE THIS ISSUE

CONDO INSURANCE: CAN YOU REALLY LOCK AND LEAVE?

10 THINGS YOU SHOULD KNOW ABOUT DEBT

SUSTAINABILITY MEETS DECOR IN FURNITURE UPCYCLING

0.625

SEPT 26 - OCT 10, 2015VOLUME 19, ISSUE 18, FREE

GTA EDITION

001 CG_Cvr_09-26-15.indd 1 9/21/15 3:29 PM

BUILT for a new spirit of living.Urban living, inspired. With Islington Station at Bloor Subway at your doorstep and

smartly designed, open concept suites on every floor, Bloorvista is the stunning second-

phase of an unrivalled master planned condo-community.

BUILT FOR LIFE. BUILT FOR YOU.

tridel.com

BLUE. LUXURY.

REGISTER AT BLUEDIAMONDCONDOS.CA | 416.925.2501SALES CENTRE 1499 YONGE ST. (N OF ST. CLAIR)

FOLLOW US: @CAMROST CAMROST FELCORP

PRICES AND SPECIFICATIONS SUBJECT TO CHANGE. IMAGES ARE ARTIST CONCEPT. ERRORS AND OMISSIONS EXCEPTED. BROKERS PROTECTED

AN EXCLUSIVE COLLECTION OF LUXURY CONDOS FROM THE $300S AND

3-STOREY URBAN TOWNS AT AVENUE ROAD AND ST. CLAIR AVENUE.Timeless and modern, Blue Diamond is distinguished by its rich heritage and outstandinglocation just steps to the subway, scenic Deer Park and elegant Forest Hill. Blue Diamondo ers magnifi cent condominium suites with spectacular views, sophisticated amenities and alimited collection of 3-storey Urban Townhomes with impeccable features and appointments.

BLOOR ST.

ST CLAIR AVE.

FOXBAR RD.

EGLINTON AVE.

AVENUE RD.

YONGE ST.

SALESCENTRE1499 YONGE ST.

SITE

N

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SEPT 26 - OCT 10, 2015 | NEW CONDO GUIDE 3 2 YPNEXTHOME.CA

Neighbourhood focused

Summer is really over

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

Marlene EisnerSenior Editor / New Condo GuideYellow Pages NextHomeEmail: [email protected]

One of the most exciting innovations

at YPNextHome over the last two years

has been creating Neighbourhood

Profi les comprising a wealth of

data and information from across

the country.

In every issue of New Condo

Guide, well show you at least one of

these featured neighbourhoods. And

if you look online, youll fi nd more

than 2,800 neighbourhoods you can

search as part of your experience on

YPNextHome.ca.

Thats a lot of information.

Our curated neighbourhood

content provides a lively snapshot

of some of Canadas more popular

neighbourhoods. These profi les have

been researched and compiled by

a nationwide team of writers and

editors, and they include photos and,

in some cases, exclusive video tours

with local celebrities and well-known

residents. Demographics, housing

types and other information... all

leading to listings in the area.

Check it out and let us know what

you think.

I saw the geese fl ying south this

morning a sure sign that summer is

over. Bring on the riotous colours of

fall and with it, the palette of projects

in the GTA that will inspire your

choice if youre looking to buy a

new condo.

And what an exciting time it will

be when you do fi nd the condo you

love and you will fi nd it, no worries

about that. As you begin to envision

how you will customize your unit,

dont forget to read over the condo

documents carefully, and have them

vetted by a real estate lawyer.

Once you sign the o er to buy,

you have 10 days to go over the

documents and decide to stay, or

back out. New condos are amazing,

but theyre not for everyone. This

10-day period gives you the time to

discover if its right for you.

Once thats done, the fun and

your home ownership begins.

+ get social

Editors' Notes

EXPLORE THE BLOOR WEST VILLAGE

EXCLUSIVE VIDEO ONLINEypnexthome.ca/bloor-west-village

Interact with us on social media: ypnexthome

002 Editors Note-Sept 26_ME.indd 2 9/22/15 12:57 PMTCG 09-26-15 master.indd 2 2015-09-22 2:34 PM

1YORKVILLE.CA PRESENTATION LOUNGE 162 CUMBERLAND ST. (416) 519-2911

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

CONDOMINIUM RESIDENCES AT YORKVILLE & YONGE

STEPS TO SUBWAY AND PATH

SUITES STARTING FROM $398,000

FOR A LIMITED TIME, YOU CAN PURCHASE ANY

ONE BEDROOM UNIT FOR ONLY 10% DOWN*.

OWN A SUITE IN YORKVILLE FOR JUST

10% DOWN*

1YORKVILLE.CA

CONSTRUCTION STARTING THIS FALL

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SEPT 26 - OCT 10, 2015 | NEW CONDO GUIDE 3

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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. Check out Yanics accessory line, Yanic Simard Selected, online at ysselected.com

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. Visit TrueCondos.com/NewCondoGuide for a free gift. 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

INVESTMENT ADVICEKARA KURYLLOWICZKara Kuryllowicz is a Toronto-based freelance business writer with a long-term interest in real estate on a business and personal level, as both a homeowner and a landlord with investment properties.

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 PUBLISHERSWO NEW HOMES

Susan Maxwell

ART DIRECTOR

Daiana Garay

EDITORS

Lydia McNuttMarlene Eisner

CONTRIBUTING EDITORS

Wayne KarlElisa KrovblitSara Duck (on leave)

DESIGN EDITOR

Yanic Simard

SENIOR SALES MANAGER

Conni Robinson

SENIOR ACCOUNT EXECUTIVES

Dionne [email protected] [email protected]

SALES & MARKETING CO-ORDINATOR

Terry Bassett

ADMINISTRATIVE ASSISTANT

Antoinette Jackson

PRODUCTION MANAGER

Bala Gnanapandithan

PRODUCTION CO-ORDINATOR

Sandra Hanak-Vujnovic

GRAPHIC DESIGNERS

Viosa Barileva, 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 2015 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.indd 2 9/22/15 4:19 PMTCG 09-26-15 master.indd 4 2015-09-22 5:15 PM

CM

Y

CM

MY

CY

CMY

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Rain Condos introduces a fantastic new incentive at Oakvilles most successful condo. As a special Move-In Bonus, you are able to buy with a 5% deposit. Plus, you can call this condo home in just 5 short months. This offer is for a limited time only so act now before it is too late!

Enjoy the ultimate in elegant condo living in Oakvilles best location at the corner of Kerr Street and Shepherd Road. Just minutes to downtown, the waterfront and the QEW and featuring incredible amenities including an indoor pool, modern gym, rooftop terrace and more, Rain Condos offers urban condo living with exceptional suite features.Luxury Condos from the $300s.

Limited time offer. Additional deposit payable on occupancy. Prices, sizes and specifications are subject to change without notice. Please see sales representative for full details. Rendering is artists concept. Exclusive listing brokerage TFN Realty Inc. Brokers Protected. E.&O.E.

Learn more at empirecommunities.com

VISIT THE PRESENTATION GALLERY TODAY! 70 SHEPHERD RD., OAKVILLEMONDAY - FRIDAY 12PM-6PM SATURDAY - SUNDAY 12PM-5PM905 845 7246 RAINCONDOS.COM

5% DEPOSIT 5 MONTH MOVE-IN

RAINRAIN 42547 Condo Guide DPS_FA.indd 1 15-09-22 12:33 PM

6 YPNEXTHOME.CA

006-007-Empire-Rain 09-26-15.indd 6 2015-09-22 5:49 PM

Rain Condos introduces a fantastic new incentive at Oakvilles most successful condo. As a special Move-In Bonus, you are able to buy with a 5% deposit. Plus, you can call this condo home in just 5 short months. This offer is for a limited time only so act now before it is too late!

Enjoy the ultimate in elegant condo living in Oakvilles best location at the corner of Kerr Street and Shepherd Road. Just minutes to downtown, the waterfront and the QEW and featuring incredible amenities including an indoor pool, modern gym, rooftop terrace and more, Rain Condos offers urban condo living with exceptional suite features.Luxury Condos from the $300s.

Limited time offer. Additional deposit payable on occupancy. Prices, sizes and specifications are subject to change without notice. Please see sales representative for full details. Rendering is artists concept. Exclusive listing brokerage TFN Realty Inc. Brokers Protected. E.&O.E.

Learn more at empirecommunities.com

VISIT THE PRESENTATION GALLERY TODAY! 70 SHEPHERD RD., OAKVILLEMONDAY - FRIDAY 12PM-6PM SATURDAY - SUNDAY 12PM-5PM905 845 7246 RAINCONDOS.COM

5% DEPOSIT 5 MONTH MOVE-IN

RAINRAIN 42547 Condo Guide DPS_FA.indd 1 15-09-22 12:33 PM


006-007-Empire-Rain 09-26-15.indd 7 2015-09-22 5:49 PM

COMING SOON

TOWER 2DOWNTOWN ERIN MILLS

DOWNTOWNERIN MILLS

C O N D O M I N I U M S

DOWNTOWNERIN MILLS

P H A S E 2 C O N D O M I N I U M S

Dont miss your opportunity to own in the highly successful master planned condominium community.

REGISTER NOW FOR TOWER 2

MISSISSAUGAS MOST STYLISH CONDOMINIUMS FROM THE $300spembertongroup.com

TOWER I UNDER CONSTRUCTION!

EXCLUSIVE LISTING BROKERAGE CIRCLE M REALTY CORPORATION. PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ILLUSTRATION IS ARTISTS CONCEPT E.&O.E.

EMCC 42519 Condo Guide Ad_FA.indd 1 9/17/15 9:51 AM

8 YPNEXTHOME.CA

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LIFE ON THE GO IN MAPLELive close to the greatest attractions in and around the Village of Maple.

FUTURE MACKENZIE HEALTH HOSPITAL

VAUGHAN MILLS MALL

CANADAS WONDERLAND

FUTURE VAUGHAN CIVIC CENTRE PUBLICRESOURCE LIBRARY

FUTURE VAUGHAN

FUTURE MACKENZIE

10 mins

CANADAS

14 mins

VAUGHAN

15 mins

EAGLES NEST GOLF CLUB

EAGLES NEST

2 mins

3 mins

LA FITNESS

PARKS

HIGHWAY 400400

HIGHWAY

10 mins

LA FITNESS

PARKS

8 mins

5 mins

Welcome home to spacious condominium living.

If homes the destination then INDIGO is your ticket to an enriched lifestyle and convenient amenities nearby. Live steps from the Maple GO Station, connecting you to downtown and across the GTA, and seconds from the Eagles Nest Golf Club. Everything is at your doorstep at INDIGO.

Register at pembertongroup.com I [email protected] I 905.326.4100

COMING SOONLIFE ON THE GO COMING SOON

34 MINUTES to Union Station

32 MINUTES to Maple Station

MINUTESto Union Station

34 MINUTESto Union Station

UNION

MAPLE

9

009-Pemberton-Indigo 08-01-15.indd 9 2015-09-22 1:23 PM


Liberty Development The Village Residences preview in Bayview VillageON THE COVER

property profi les

38 Pemberton GroupCondominium communities designed just for you

64 Geranium HomesDiscover Pace on Main in the heart of Stou ville

76 North DrivePicnic condominium lands across from High Park in the Bloor West Village

80 EladIntroducing Fifth on the Park in the Emerald City community in North York

trending

18 Homebuyer concernsTwo-thirds of Canadians fear an interest rate hike

48 Midtown transformedThe energy of Yonge and Eglinton and 150 Redpath

+online

SEARCHHOME

NEIGHBOURHOOD

WITHDYNAMIC

MAPSLOOK FOR THE CIRCLE

+PHOTOS+VIDEOS+ADVICE+INSPIRATION+TRENDING

MORE

contentsSEPT 26 - OCT 10, 2015 | VOLUME 19, ISSUE 18

20

010-011 CG GTA TOC_ISS.indd 2 9/22/15 4:58 PM

90

66

84

104

64

16 Condo proFinding the best fit by Barbara Lawlor

32 Legally yoursGetting your house in order by Jayson Schwarz

72 Stat chat10 things you need to know about debt by Ben Myers

neighbourhood profile

46 Bloor West VillageDiscover this exciting neighbourhood

buyers resource section

96 Hot Properties 416Previews, new releases and grand openings in the 416


in every issue

02 Editors Note

04 Contributors

126 Advertiser Index

district maps

108 Toronto and Waterfront

120 905 region

62 Art installationPublic multi-media art installation at High Park condos

70 Home salesLittle change in Canadian home sales in August

78 Milestone celebrationFriday Harbour completes its inland marina

inspiration

24 Tinas favouritesToronto Home show managers top picks

90 Designer advice Yanic Simards what not to do with the bathroom

advice

14 BILD ReportGiving back to the communityby Brian Tuckey

010-011 CG GTA TOC_ISS.indd 3 9/22/15 4:58 PMTCG 09-26-15 master.indd 10 2015-09-22 5:15 PM


Liberty Development The Village Residences preview in Bayview VillageON THE COVER

property profi les

38 Pemberton GroupCondominium communities designed just for you

64 Geranium HomesDiscover Pace on Main in the heart of Stou ville

76 North DrivePicnic condominium lands across from High Park in the Bloor West Village

80 EladIntroducing Fifth on the Park in the Emerald City community in North York

trending

18 Homebuyer concernsTwo-thirds of Canadians fear an interest rate hike

48 Midtown transformedThe energy of Yonge and Eglinton and 150 Redpath

+online

SEARCHHOME

NEIGHBOURHOOD

WITHDYNAMIC

MAPSLOOK FOR THE CIRCLE

+PHOTOS+VIDEOS+ADVICE+INSPIRATION+TRENDING

MORE

contentsSEPT 26 - OCT 10, 2015 | VOLUME 19, ISSUE 18

20

010-011 CG GTA TOC_ISS.indd 2 9/22/15 4:58 PM

90

66

84

104

64

16 Condo proFinding the best fit by Barbara Lawlor

32 Legally yoursGetting your house in order by Jayson Schwarz

72 Stat chat10 things you need to know about debt by Ben Myers

neighbourhood profile

46 Bloor West VillageDiscover this exciting neighbourhood

buyers resource section



in every issue

02 Editors Note

04 Contributors

126 Advertiser Index

district maps

108 Toronto and Waterfront

120 905 region

62 Art installationPublic multi-media art installation at High Park condos

70 Home salesLittle change in Canadian home sales in August

78 Milestone celebrationFriday Harbour completes its inland marina

inspiration

24 Tinas favouritesToronto Home show managers top picks

90 Designer advice Yanic Simards what not to do with the bathroom

advice

14 BILD ReportGiving back to the communityby Brian Tuckey

010-011 CG GTA TOC_ISS.indd 3 9/22/15 4:58 PMTCG 09-26-15 master.indd 11 2015-09-22 5:15 PM

YON

GE

ST.

RED

MA

PLE

AVE.

BAYV

IEW

AV

E.

HIGH TECH RD.

HWY 7

HWY 407 ETR

HILL 40026 CHINESE CONDO GUIDE.indd 1 2015-04-24 4:16 PM

12 YPNEXTHOME.CA

012-Pemberton-SkyCity 09-26-15.indd 12 2015-09-22 1:24 PM

Exclusive Listing Brokerages: Circle M Realty Corporation, Brokerage and Milborne Real Estate Inc. Brokers Protected. Prices and specifi cations are subject to change without notice. Illustration is artists concept E.&O.E

REGISTER NOW FOR THE EXCITING SECOND TOWER WITH NEW SUITE DESIGNS, AT YONGE & EGLINTON FROM $199,990

Following the spectacular success of CityLights North Tower we are now introducing the South Tower with gorgeous panoramic views, magnifi cent amenities and modern urban suites, just steps to all the excitement and energy of the neighbourhood.

CityLightsCondos.ca 416.546.6605

REGISTER NOW

SOUTH TOWERAT CITYLIGHTS

INTRODUCING THE


013-Pemberton-CityLights 09-26-15.indd 13 2015-09-22 1:24 PM


Giving back GTA builders & Habitat for Humanity

WHEN THE OPPORTUNITY came

along to help build a home for

Habitat for Humanity GTA recently,

I couldnt resist.

Every year, BILD members

volunteer to spend a day on a Habitat

construction site building homes for

partner families. Its a very rewarding

experience, and I felt privileged to join

this years group of 20 volunteers at

Habitats Brimley Road in Torontos

east end, where 15 townhomes are

under construction.

I was thrilled that most of

the volunteers belong to our

associations yBILD segment

industry professionals under the age

of 40, who dedicated a full day away

from their busy schedules to give

back to the community.

Many of us had limited construction

experience and some of the group had

never used power tools before. Luckily

Habitats team of crew leaders was

quick to assign us tasks that best fi t

our skillsets. We were broken up into

MORE ADVICE ONLINEypnexthome.ca/bryantuckey

groups and tasked with painting, trim

work, concrete mixing and pouring,

rebar cutting and fi re stop installations

in the underground garage.

It was a lot fun, but it was also

hard work. The experience really

made us appreciate the amount of

e ort it takes to build a home. This is

something all Habitat partner families

learn on their way to homeownership.

Each family is asked to contribute

a minimum of 500 hours of

volunteer sweat equity towards the

construction of their home, or on a

variety of other Habitat projects.

Partner families also attend

educational workshops to learn about

the responsibilities that come with

homeownership. One of those is

making timely mortgage payments.

Habitat does not give homes away

for free. In addition to sweat equity,

families must pay a fair market-

value mortgage. Whats di erent about

these mortgages is that they are owned

by Habitat GTA, have no interest and

require no down payment.

BILD is proud of its partnership

with Habitat for Humanity GTA, and

our members have been building

homes for partner families since

2003. We do this because we are

strong believers in the value of

homeownership and the benefi ts it

brings to families and communities.

A recent study conducted by

Habitat for Humanity Canada showed

that owning a home contributes to a

Habitat familys improved economic

stability, childrens education and

overall health. Research has shown

that after becoming homeowners,

a large majority of families reported

improvements in their childrens school

grades and social lives. Many families

also began to help give back to their

community through volunteering.

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. Follow him on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta) and BILDs o cial online blog (bildblogs.ca).

Advice | BILD REPORT

By Bryan Tuckey

014 Advice_BILD Report_MC_ME.indd 2 9/22/15 12:57 PMTCG 09-26-15 master.indd 14 2015-09-22 2:34 PM

An icon of the past gives way to a landmark of the future on Torontos Waterfront. This fall, The Daniels Corporation will unveil Lighthouse Tower at Daniels Waterfront City of the Arts, a master-planned, mixed-use community surrounded by creativity, inspired by arts and culture, and driven by innovation. This visionary gateway to the East Bayfront, where Lower Jarvis meets Queens Quay, will introduce a new era of living, offering residents panoramic lake and city views, exceptional amenities, luxurious suites, and endless conveniences at your doorstep, including Sugar Beach North, a beautiful promenade featuring retail and public art, linking to Canadas iconic sandy Sugar Beach to the south.

SUITES FROM $279,900

DANIELS IS CHANGING THE

WATERFRONTFOREVER

ARRIVING THIS FALL!THE EVOLUTION OF ART, CULTURE, INNOVATION & LIFE. INTRODUCING...

Get an inside look at an arts-inspired life on the waterfront.Visit our presentation centre for a sneak peek!

Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artists concept. Prices and speci 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.

REGISTER NOW!DANIELSWATERFRONT.COM 416.221.3939

GARDINER EXPY

QUEENS QUA

Y E

LAKE SHORE BL

VD E

LOWER JARVIS ST

YONGE ST

RICHARDSON ST

LAKEONTARIO

GARDINER EXPY

QUEENS QUA

Y E

LAKE SHORE BL

VD E

LOWER JARVIS ST

YONGE ST

RICHARDSON ST

LAKEONTARIO

GARDINER EXPY

QUEENS QUA

Y E

LAKE SHORE BL

VD E

LOWER JARVIS ST

YONGE ST

RICHARDSON ST

LAKEONTARIO

FOREVER

PRESENTATION CENTRE:162 Queens Quay EastMon to Thurs: 11am-7pm, Weekends & Holidays: 12pm-6pm,Fridays: closed

WATF 42501 CONDO GUIDE Update FP_FA.indd 1 9/16/15 7:27 AM


015-Daniels-Waterfront 09-26-15.indd 15 2015-09-22 1:24 PM


TIME AND AGAIN, owning real estate

has proven to be a wise investment.

If you have not yet entered the

homeownership marketplace, now

would be a good time. Mortgage

interest rates continue at low

levels, and this single-digit rate

phenomenon will come to an end

some day.

When you shop for a condo,

think ahead and do some research

so you fi nd the best fi t for your

budget and lifestyle. Spend some

time online checking out builders

and communities in the area where

you would like to live. Location is

important in so many ways, from how

convenient it is to get to shopping,

schools and other amenities, to

your work commute. Explore

each buildings proximity to public

transportation and highways. Will the

condo feature a car-share program

and facilities to store bicycles? Even

better, can you walk to local shops and

services? If you do not have to own a

vehicle, that leaves a lot more potential

for how much condo you can a ord.

Consider the architecture as

well. You need to feel comfortable

coming home to your building. Pay

careful attention to the amenities

included in the building. Remember

that amenities are one of the major

reasons why condominium living is

so much fun. You can access fi tness

facilities, party rooms, theatres, pools

and/or a raft of other common areas

that are uncommonly beautiful. These

amenities expand on your living space

and eliminate the need to leave home

to entertain, exercise and socialize.

When you are deciding what you

can a ord in a condo, be careful to

count square footage as only one of

the parameters. The layout of your

suite will actually be more critical to

how livable it is for you. If the builder

has provided a model suite or two,

all the better! Walk through models

in person whenever you can to get

a true idea of the suites practicality

and potential.

When it comes to the bottom line,

ask questions. Is the builder o ering

any special incentives, capped

mortgage rates or bonus o ers?

Take advantage of every fi nancial

opportunity that comes your way.

Whatever you decide, my advice

is to buy new and buy now. Your

options depend on your budget, and

remember that you may be able to

create your perfect surroundings with

standard options. Remember that

when you sell someday, all things

being equal between two suites,

buyers will choose the one with

better fi nishes.

Condos: fi nding the best fi tA good fi rst choice for a fi rst home

By Barbara Lawlor

Advice | CONDO PRO

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

016 Barbara Lawlor-Features and upgrades_MC_ME.indd 2 9/22/15 12:57 PMTCG 09-26-15 master.indd 16 2015-09-22 2:34 PM

FROM NEAR. OR FROM RIGHT THERE.Mattamy and Monarch are now one company. This culmination

of expertise now offers you new choices in extraordinary city living

whether you prefer spectacular waterfront skyline views or you

see yourself in the heart of downtown.

MATHIRES - All Sites Due: 26/08/2015

File Name: MATHIRISE-NCG_Short Gatefold_Fall 2015 Publication: HIRES

Trim: 11.25 x 10.5 Safety/V.O.: .25 *see additional guides DPI: 300

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From 929 Sq.Ft.From The High $500s

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Prices, specifi cation and promotions are subject to change without notice. Renderings are artists concept and images are for mood and impression only. E.&O.E. August 2015.

APPEALING LOCATIONS PAIRED WITH ATTRACTIVE PRICING

MATHIRES - All Sites Due: 26/08/2015

File Name: MATHIRISE-NCG_Short Gatefold_Fall 2015 Publication: HIRES

Trim: 11.25 x 10.5 Safety/V.O.: .25 *see additional guides DPI: 300

Bleed: .125 Colours: CMYK Built: 19/08/2015 SS


017-Fernbrook-158Front 09-26-15.indd 17 2015-09-22 1:24 PM


WITH THE BANK OF CANADA, in its Sept. 9 rate announcement, holding its

benchmark interest rate at 0.5 per cent, higher lending rates and growing debt

may be top of mind for some Canadians. But perhaps it should be.

According to BMOs Annual Debt Report, almost two-thirds of Canadians

carrying debt (64 per cent) would be stressed if interest rates rose two

percentage points. One-quarter (25 per cent) would be very stressed.

Despite the distress, Canadians remain optimistic about the pace at which

they can pay o their debt, and almost half plan to increase their debt in the

coming year.

Crunching the numbers $92,699 The average household debt in Canada 46% Canadians who feel some stress about their current debt load, down from the past two years (54 per cent in 2014, and 57 per cent in 2013).

5 years The amount of time expected to pay o debt 46% The number of debt-holders who plan to take on more debt this year

The sizeable number of indebted households that would feel very strained

by a relatively moderate increase in interest rates is concerning, notes Sal

Guatieri, senior economist, BMO Capital Markets. This is a worrisome side

e ect of a prolonged period of low interest rates and needs to be closely

monitored, especially if rates continue to fall.

Interest rates have been hovering around historic lows over the past few

years, so many Canadians may have become more comfortable over time

with managing their debt, says Christine Canning, head of Everyday Banking,

BMO Bank of Montreal. That said, rates will inevitably rise to normal levels,

so its becoming increasingly important that Canadians stress-test their ability

to a ord the debt they currently have so they can e ectively manage their

fi nances in a higher rate environment.

Trending | FINANCES

Two-thirds of Canadians fear an interest rate hike

MORE TRENDING ONLINEypnexthome.ca/news

I would be stressed if interest rates rose by two

percentage points!

NATL ATL QUE ON Prairies AB BC

64% 77% 52% 69% 65% 59% 71%

Canning adds that managing debt is a simple concept, but can be much

more challenging in practice. Working with a fi nancial planner to help assess

your spending patterns and determine priorities, such as paying down debt and

saving for other goals, can make the process easier.

4 TIPS to pay down debt faster

Choose a shorter amortization. The shorter the borrowing period, the less

youll pay.

Do your homework. Research to fi nd the best rates on products

such as mortgages and secured lines of credit

to ensure you keep costs as low as possible.

Build a realistic budget. Developing a detailed budget that

incorporates everyday expenses and debt

repayment helps provide a clear picture of

your fi nancial standing. Building in funds for

contingency spending can help you stick to

a plan and avoid getting discouraged.

Manage credit card debt. Pay down credit cards, beginning with those

that carry the highest interest rate, and

consider using a low rate card for purchases.

For those with multiple cards, try to limit

yourself to one credit card that you pay o in

full each month.

For more information visit bmo.com

018 Finances-Majority of Canadians fear 2% interest rate hike_MC-WK_ME.indd 2 9/22/15 12:57 PMTCG 09-26-15 master.indd 18 2015-09-22 2:34 PM

Register now I whitehaus.ca

C O N D O M I N I U M S

Colourful living on Yonge at EglintonFrom the mid $200sCOMING SOON

Welcome 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.

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

HELE 42663 Condo Guide Ad.indd 1 15-09-16 12:41 PM


019-Lifetime-WhiteHaus 09-26-15.indd 19 2015-09-22 1:24 PM


to 1,335 sq. ft, and are available in

a variety of layouts from studios, to

three-bedroom-plus-den options.

To complement the clean

architecture of the exterior, Liberty

turned to Tanner Hill Associates

Incorporated to design the interiors at

The Village Residences. The suites will

feature timelessly elegant designs and

include nine-foot ceilings, wide plank

laminate ooring, and boast granite

or quartz countertops, undermount

sinks, ceramic tile backsplashes, and

stainless steel appliances.

Beyond the well-laid-out suites,

residents at The Village Residences

will be able to enjoy premier

amenities right at home with

access to an exercise room, lounge,

multi-purpose room, outdoor

amenity terrace, golf-simulator, and

concierge.

Understanding the must-haves

of todays savvy condo buyers,

the award-winning developer

recognized that Bayview Village

would satisfy buyers eagerness for a

neighbourhood that off ers a residential

feel with contemporary style in an

urban setting that promises the

conveniences of condo living.

This burgeoning neighbourhood

really has something for everyone,

and is attractive to families, singles,

and working professionals alike,

says Shawn Richardson, director

of sales and marketing at Liberty

Development. It is conveniently close

to the subway and haute couture

fashion, and has all of the elements to

make it the next great live-work-play

neighbourhood in the city.

Bayview Village is home to a

wide variety of commercial o ce

opportunities, entertainment venues,

chef-inspired restaurants, schools,

and parks including the East Don

Valley Parklands. The neighbourhood

is also abundant with retail off erings,

and anchored by the posh, boutique

Bayview Village shopping centre

the crme-de-la-crme of shopping,

with over 100 luxury retailers catering

to high-style customers.

Additionally, this neighbourhood

boasts convenient access to public

transit as well as major commuter highways such as the

401 and 404, making it easy to get around, or in and out

of Bayview Village. The TTC services subway stops nearby

along Sheppard (Yonge, Bayview, Bessarion, Leslie), as well

as two bus routes running along Bayview and Leslie. For

those looking for an express route into the city, the nearby

Oriole GO Transit station gets commuters to Union Station

in under 30 min.

Currently, The Village Residences is approved for

203 suites, but the project is hoping to increase that

number to off er more people a chance to live in this

boutique development.

Register now to receive information on this exciting

project as well as fi rst-access to fl oorplans as

soon as they become available to the public, visit

www.villageresidences.ca.

TOP

The Village Residences by Liberty Development. Conceptual Rendering.

BOTTOM

The Village Residences Lobby, Conceptual Rendering.

The Village Residences PREVIEWING NOW IN BAYVIEW VILLAGELiberty Development off ers luxurious living in a neighbourhood that has it all

READ MORE ONLINEypnexthome.ca/vil-res

020-021 PP Liberty village residences Cover story_MC_ME.indd 3 9/22/15 12:58 PM

Property Profile | THE VILLAGE RESIDENCES

GREAT DESIGN, GREAT VALUE and a great

location were paramount for Liberty

Development as it artfully planned The Village

Residences, its latest condominium project

coming soon to Bayview and Sheppard. Now

open for registration, this classic midrise

condominium is exactly what buyers are

looking for.

With its precise eye for identifying

neighbourhoods with great potential and room

to grow, Liberty Development meticulously

selected the Bayview Village neighbourhood as

the home for its new condominium residence.

We are extremely excited to bring modern

design and luxurious living to Bayview Village

with our new project, The Village Residences,

says Marco Filice, senior vice

president and general counsel at

Liberty Development. A perfect

fit for this unbeatable, boutique

neighbourhood, The Village

Residences is an elegant midrise

condo that will offer residents

meticulously designed luxury suites,

and at excellent value.

The 10-storey chic and modernist

condominium was thoughtfully

designed by Wayne Long Architect

and will feature retail opportunities

at street level. Priced from the low

$200,000s, suites at The Village

Residences range in size from 390

The Village Residences - MultiPurpose Room, Conceptual Rendering.

The Village Residences PREVIEWING NOW IN BAYVIEW VILLAGELiberty Development offers luxurious living in a neighbourhood that has it all

cover story

LocationBayview and Sheppard

BuilderLiberty Development

DevelopmentThe Village Residences

Home TypeMidrise condo, studios to three-bedroom plus den

Contactvillageresidences.ca

020-021 PP Liberty village residences Cover story_MC_ME.indd 2 9/22/15 12:58 PMTCG 09-26-15 master.indd 20 2015-09-22 2:34 PM


to 1,335 sq. ft, and are available in

a variety of layouts from studios, to

three-bedroom-plus-den options.

To complement the clean

architecture of the exterior, Liberty

turned to Tanner Hill Associates

Incorporated to design the interiors at

The Village Residences. The suites will

feature timelessly elegant designs and

include nine-foot ceilings, wide plank

laminate ooring, and boast granite

or quartz countertops, undermount

sinks, ceramic tile backsplashes, and

stainless steel appliances.

Beyond the well-laid-out suites,

residents at The Village Residences

will be able to enjoy premier

amenities right at home with

access to an exercise room, lounge,

multi-purpose room, outdoor

amenity terrace, golf-simulator, and

concierge.

Understanding the must-haves

of todays savvy condo buyers,

the award-winning developer

recognized that Bayview Village

would satisfy buyers eagerness for a

neighbourhood that off ers a residential

feel with contemporary style in an

urban setting that promises the

conveniences of condo living.

This burgeoning neighbourhood

really has something for everyone,

and is attractive to families, singles,

and working professionals alike,

says Shawn Richardson, director

of sales and marketing at Liberty

Development. It is conveniently close

to the subway and haute couture

fashion, and has all of the elements to

make it the next great live-work-play

neighbourhood in the city.

Bayview Village is home to a

wide variety of commercial o ce

opportunities, entertainment venues,

chef-inspired restaurants, schools,

and parks including the East Don

Valley Parklands. The neighbourhood

is also abundant with retail off erings,

and anchored by the posh, boutique

Bayview Village shopping centre

the crme-de-la-crme of shopping,

with over 100 luxury retailers catering

to high-style customers.

Additionally, this neighbourhood

boasts convenient access to public

transit as well as major commuter highways such as the

401 and 404, making it easy to get around, or in and out

of Bayview Village. The TTC services subway stops nearby

along Sheppard (Yonge, Bayview, Bessarion, Leslie), as well

as two bus routes running along Bayview and Leslie. For

those looking for an express route into the city, the nearby

Oriole GO Transit station gets commuters to Union Station

in under 30 min.

Currently, The Village Residences is approved for

203 suites, but the project is hoping to increase that

number to off er more people a chance to live in this

boutique development.

Register now to receive information on this exciting

project as well as fi rst-access to fl oorplans as

soon as they become available to the public, visit

www.villageresidences.ca.

TOP

The Village Residences by Liberty Development. Conceptual Rendering.

BOTTOM

The Village Residences Lobby, Conceptual Rendering.

The Village Residences PREVIEWING NOW IN BAYVIEW VILLAGELiberty Development off ers luxurious living in a neighbourhood that has it all

READ MORE ONLINEypnexthome.ca/vil-res

020-021 PP Liberty village residences Cover story_MC_ME.indd 3 9/22/15 12:58 PM

Property Profile | THE VILLAGE RESIDENCES

GREAT DESIGN, GREAT VALUE and a great

location were paramount for Liberty

Development as it artfully planned The Village

Residences, its latest condominium project

coming soon to Bayview and Sheppard. Now

open for registration, this classic midrise

condominium is exactly what buyers are

looking for.

With its precise eye for identifying

neighbourhoods with great potential and room

to grow, Liberty Development meticulously

selected the Bayview Village neighbourhood as

the home for its new condominium residence.

We are extremely excited to bring modern

design and luxurious living to Bayview Village

with our new project, The Village Residences,

says Marco Filice, senior vice

president and general counsel at

Liberty Development. A perfect

fit for this unbeatable, boutique

neighbourhood, The Village

Residences is an elegant midrise

condo that will offer residents

meticulously designed luxury suites,

and at excellent value.

The 10-storey chic and modernist

condominium was thoughtfully

designed by Wayne Long Architect

and will feature retail opportunities

at street level. Priced from the low

$200,000s, suites at The Village

Residences range in size from 390

The Village Residences - MultiPurpose Room, Conceptual Rendering.

The Village Residences PREVIEWING NOW IN BAYVIEW VILLAGELiberty Development offers luxurious living in a neighbourhood that has it all

cover story

LocationBayview and Sheppard

BuilderLiberty Development

DevelopmentThe Village Residences

Home TypeMidrise condo, studios to three-bedroom plus den

Contactvillageresidences.ca

020-021 PP Liberty village residences Cover story_MC_ME.indd 2 9/22/15 12:58 PMTCG 09-26-15 master.indd 21 2015-09-22 2:34 PM

embraceyour space.

Spaces come in all shapes and

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LIFE IS ALL ABOUT SPACES. YOU NEED

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5. Bring warmth and light into your home with Fusion Paint. The mineral-based furniture paint provides a best-in-class paint that features an environmentally conscious formulation, zero VOCs, superior durability, easy one-step application and signifi cantly improved strength.

TINAS favourite fall fi ndsBy Tina Holmes

Tina Holmes is the show manager for the Toronto Fall Home Show. More than 20 years in the industry makes her a leading authority on the ins and outs of home decor and renovation.

Find Tina on Twitter at @HomeShowsTO in addition to @tinalovespinot.

Inspiration

WITH MORE THAN 300 RENOVATION AND DECOR SPECIALISTS at Torontos upcoming Fall Home Show, there are many

innovative products and great design solutions to inspire a wide array of projects for your home. Here are a few of my

favourite fall fi nds this year at the show, which runs from Oct. 1 - 4 at the Better Living Centre, Exhibition Place, Toronto.

2. First Alert introduces the Onelink Wifi Smoke/Carbon Monoxide Alarm, its fi rst smart home products and devices. With its 10-year battery, there is no more low battery chirps in the middle of the night, no wobbling on a ladder to replace batteries. Receive notifi cations remotely and test or silence your alarm from your iPhone with the Onelink app.

7. Have No Fear! Condo Handyman is here! Condo Handyman specializes in helping condo residents who have a long list of to-dos and limited space to store tools and supplies. Condo Handyman tackles small or large projects from tile re-grouting, drywall, painting, fl ooring and electrical to hanging mirrors, window covering or art.

4. Growing food for your family has never been this easy and enjoyable. The NutriTower is the fi rst indoor growing method to use vertical lighting and a hydroponic system.

3. Welcoming a new brilliance never before seen in stone design, Cambria introduces Brittanicca and Ella, two new sources of countertop inspiration to the Marble Collection. Combining exquisite elegance and upscale designs, these additions provide classic elegance without the worry and high maintenance.

1. Its all about the experience. See more, feel more with the all-new SUHD TV from Samsung. Incredible picture quality and breakthrough nanocrystal technology with radiant colours, striking contrast and crystal clarity brings you closer to what you watch.

6. A division of Lakehouse Cabinetry, U-Build has created a custom cabinetry system that allows people to feel a part of the design process. There are no limitations to cabinetry sizes to maximize usage of every inch of the space. The cabinetry is cut, painted and packaged for shipping or pick-up and ready for assembly at your location. A trade professional or an accomplished DIY is recommended for the assembly and installation.

1

25

3

4

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024 Advice-Tine Holmes-Favourite Fall Finds home show_MC_ME.indd 2 9/22/15 12:59 PMTCG 09-26-15 master.indd 24 2015-09-22 2:34 PM

Exclusive Listing: Brad J. Lamb Realty Inc., Real Estate Brokerage. Brokers Protected. Renderings are an artists impression. All prices, sizes and specifications are subject to change without notice. E.&O.E.

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WHETHER YOURE purchasing a

home for the fi rst time, are a

seasoned buyer moving in the

market or purchasing a retirement

condominium, the very action of this

signifi cant investment in real estate

represents a major life change.

There are a number of issues that

you should consider in order to

ensure that your house is in order.

1. How will I hold the title?

If more than one person is buying

the property, it is necessary to decide

how they will share the title.

There are two ways people

can hold title together. The fi rst is

generally the way we hold title with

our spouses or children, which is

called joint tenancy. This means that

upon the death of one of the parties,

the remaining party automatically

MORE ADVICE ONLINEypnexthome.ca/news/advice

becomes the owner of the whole

property without having to inherit it

or have it pass through an estate. The

reason is simply that all owners on

title own the whole property rather

than a part each.

The other way title can be held is as

tenants in common. Here each party

only owns the percentage allocated

to them, although the physical part

owned is not described. Upon the

death of a tenant in common, his or

her percentage of the ownership goes

to their heirs in accordance with their

will or law. Therefore, remember to

discuss this issue when you go to see

your lawyer.

2. What about a will?

If you have a will, is it up to date

and does it represent your current

situation or state of a airs? It is

important, especially if you have

young children, to have your wills

completed; not so much for the

money, but for a clear resolution of

the issue of custody if something

happens to both parents.

A will stops sibling disputes, takes

care of who will look after children,

keeps the government out of

your a airs, allows for an orderly

disposition of your assets, and will

allow you to determine how you are

to be buried.

A power of attorney is used

when you are physically or mentally

incapacitated there are two kinds.

The fi rst is for your body (what care

will you or will you not receive?). Your

representative will determine that.

The other is for the management of

your fi nancial a airs.

Now is the time to create a will.

Speak to your lawyer and ensure that

this important matter is dealt with.

3. What about insurance?

You will need insurance for the house.

This is a great time to look at life and

disability insurance, and determine if

you should be insuring your mortgage

in case something happens to the

major wage-earner.

Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law fi rm Schwarz Law LLP. Visit schwarzlaw.ca or email [email protected] and give us your questions, concerns, critiques and quandaries.

Advice | LEGALLY SPEAKING

By Jayson Schwarz

Getting your house in order

032 Jayson-house in order_MC_ME.indd 2 9/22/15 12:59 PMTCG 09-26-15 master.indd 32 2015-09-22 2:34 PM

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

H E R E

L O V EL o v e h a p p e n s a t h o m e . I n s i g n a t u r e s p a c e s t h a t b e c o m e c e n t r a l t o y o u r e v e r y d a y .

L o c a t e d i n t h e h e a r t o f N o r t h Yo r k , a t G i b s o n S q u a r e y o u r l i f e s t o r e y c a n b e g i n t o u n f o l d ,

t e l l i n g a t a l e t h a t s r i c h i n c u l t u r e , a d v e n t u r e a n d e x c i t e m e n t .

M E N K E S . C O M

C O M I N G S O O N Y O N G E & E G L I N T O N , T O R O N T OR E G I S T E R N O W A T M E N K E S . C O M

U N D E R C O N S T R U C T I O NR I C H M O N D & S P A D I N A , T O R O N T OS T A R T I N G F R O M T H E M I D $ 3 0 0 S 4 1 6 . 5 9 1 . 7 7 0 0

C O N S T R U C T I O N S T A R T I N GP E T E R & K I N G , T O R O N T OS T A R T I N G F R O M $ 3 4 4 , 9 9 0 4 1 6 . 5 9 1 . 7 7 0 0

M O V E I N N O WA V E N U E & D A V E N P O R T, T O R O N T OS T A R T I N G F R O M $ 4 2 0 , 0 0 0 4 1 6 . 3 2 3 . 0 1 0 0

C O N S T R U C T I O N S T A R T I N GC H U R C H & C A R L T O N , T O R O N T OS T A R T I N G F R O M $ 2 4 8 , 9 9 0 4 1 6 . 5 9 1 . 7 7 0 0

U N D E R C O N S T R U C T I O NY O R K & H A R B O U R , T O R O N T OS T A R T I N G F R O M T H E M I D $ 3 0 0 S 4 1 6 . 5 9 1 . 7 7 0 0

M O V E I N N O WY O N G E & P A R K H O M E , N O R T H Y O R KS T A R T I N G F R O M $ 6 4 5 , 9 9 0 4 1 6 . 7 3 0 . 9 7 2 2

See sales representative for details. Prices and specifications are subject to change. E.&O.E. September 2015.

Facebook.com/MenkesLife @MenkesLife


S PAC I O U S P E N T H O U S E

R E S I D E N C E S AVA I L A B L E

1, 313 S Q . F T. T O 1,9 2 6 S Q . F T.

S TA R T I N G F R O M $ 8 3 6 ,9 9 0

L I M I T E D N U M B E R O F N O R T H &

S O U T H T O W E R S U I T E S AVA I L A B L E

F R O M 1, 0 2 5 S Q . F T.

S TA R T I N G F R O M $ 6 4 5 ,9 9 0

BRYO N PAT TO N DE S IGNED SU ITE S AVA IL A BLE FO R TOUR IN G!

Gibson Square is North Yorks perfect condo address, with direct access

to Empress Walk Shopping Centre and North York Centre Subway Station.

M O V E I N N O W !

OUR M.O.V.E . PRO GR A M IS BACKM A K I N G O W N E R S H I P V E R Y E A S Y

GIBSON SQUARE POOL

M E N K E S CO N D O C E N T R E

495 4 YO N G E S T R E E T,

S O U T H O F M E L L A S T M A N S Q UA R E

Hours: Mon - Thurs 12 - 6 pm

Closed Friday | Sat & Sun 12 - 5 pm

416 .7 3 0 .9 7 2 2 | M E N K E S .CO M

H OME TO A LL L I FE S PL AY FUL MOMENT S .


Facebook.com/MenkesLifeSee sales representative for details. Prices and specifications are subject to change. E.&O.E. September 2015.

@MenkesLifeSee sales representative for details. Prices and specifications are subject to change. E.&O.E. September 2015.

S PAC I O U S P E N T H O U S E

R E S I D E N C E S AVA I L A B L E

1, 313 S Q . F T. T O 1,9 2 6 S Q . F T.

S TA R T I N G F R O M $ 8 3 6 ,9 9 0

L I M I T E D N U M B E R O F N O R T H &

S O U T H T O W E R S U I T E S AVA I L A B L E

F R O M 1, 0 2 5 S Q . F T.

S TA R T I N G F R O M $ 6 4 5 ,9 9 0

BRYO N PAT TO N DE S IGNED SU ITE S AVA IL A BLE FO R TOUR IN G!

Gibson Square is North Yorks perfect condo address, with direct access

to Empress Walk Shopping Centre and North York Centre Subway Station.

M O V E I N N O W !

OUR M.O.V.E . PRO GR A M IS BACKM A K I N G O W N E R S H I P V E R Y E A S Y

GIBSON SQUARE POOL

M E N K E S CO N D O C E N T R E

495 4 YO N G E S T R E E T,

S O U T H O F M E L L A S T M A N S Q UA R E

Hours: Mon - Thurs 12 - 6 pm

Closed Friday | Sat & Sun 12 - 5 pm

416 .7 3 0 .9 7 2 2 | M E N K E S .CO M

H OME TO A LL L I FE S PL AY FUL MOMENT S .


Facebook.com/MenkesLifeSee sales representative for details. Prices and specifications are subject to change. E.&O.E. September 2015.

@MenkesLife

33

033-BradLamb-James 09-12-15.indd 33 2015-09-22 1:24 PM


AT FIRST GLANCE, walking away from

your condo for a holiday or business

trip may seem as simple as that, but

if you skipped a few key steps, your

return could be fi nancially crippling.

In a real-life nightmare, a Toronto

condo owner returned after a vacation

to discover she was on the hook for

tens of thousands of dollars because

her washing machine had fl ooded the

fi ve units below her and she hadnt

complied with her insurance providers

stipulations.

Intact Financial Corporation, Toronto,

notes each building has a standard unit

bylaw that specifi es what is covered

by the condominium and owners

respective insurance policies in addition

to detailing what the builder included as

standard in terms of fl ooring, cabinetry,

fi xtures, etc.

Always check your particular

buildings standard unit bylaw before

obtaining insurance, which might

include coverage for betterments

and improvements to the unit (e.g.

marble countertops, appliances) as

well as additional unit protection

if the condominium corporation is

inadequately insured. Unit owners may

also consider loss assessment coverage

in case the buildings coverage is

inadequate and will always require

contents coverage.

Intact notes that an extended

absence due to vacations does not

a ect coverage on losses due to

burglary, theft and fi re, however, there

could be limitations regarding water-

related damage. A regular review of the

policy wording, including limitations,

exclusions and responsibilities, and

checking with the insurance broker/

agent is strongly recommended.

Water-related damage for

example, leaks, burst pipes, overfl ows

and drain back-ups tends to be more

common than issues related to fi re,

wind, smoke, hail or explosions. During

the usual heating season, many insurers

who follow the IBCs recommended

practices require homeowners who will

be away from their units for more than

four consecutive days take one of the

following precautions to ensure their

coverage remains in force:

arrange for someone to enter the unit daily while the owner is away

to check that the heating is working

and that there are no leaking, frozen

or burst pipes, or

shut o the water supply and drain all the pipes and domestic water

containers, or

arrange for the plumbing and heating system to be connected

to a monitored alarm station that

provides 24-hour service

To-do before departure1. Be informed: Find out from your

property manager and insurance broker

how soon after your departure the

insurer requires the checks to start and

what they need as proof the checks

took place. Get it in writing.

2. Pre-trip shut-o s: Turn o the main

water supply to the unit and drain all

pipes and water tanks.

3. Unit checks: If your building doesnt

o er unit checks, ask a neighbour or

friend to do it. Tell them what they need

to check and how to record it..

By Kara Kuryllowicz

Kara Kuryllowicz is a Toronto-based freelance business writer with a long-term interest in real estate on a business and personal level, as both a homeowner and a landlord with investment properties. She loves living in Torontos Riverdale area as well as on an island in Pointe au Baril.

Advice | INVESTMENT ADVICE

Lock it and leave it! Are you meeting condo insurance requirements?


034- Kara-CondoInsurance2015_MC_ME.indd 2 9/22/15 2:03 PMTCG 09-26-15 master.indd 34 2015-09-22 2:34 PM

*All prices, figures, sizes, specifications and information are subject to change without notice. E.&O.E. All i l lustrations are artists concept only. 2015 Liberty Development Corporation. Brokers Protected. All rights reserved.

REGISTER FOR PRIORITY PREVIEW

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An inspired collection of boutique condominiums at Bayview and Sheppard,

across from Bayview Village and nextdoor to Bayview subway station.

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www.VillageResidences.ca | [email protected]

It takes a Village

to make afashion

statement.


035-Liberty - The Village Residences 08-29-15.indd 35 2015-09-22 1:24 PM

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*Credit on closing. Limited time offer. Non-Transferrable. Some restrictions apply. Prices, specifi cations and availability subject to change without notice. E.& O.E. Brokers protected. See Sales Representative for details.

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availability subject to change without notice. E&O.E. Brokers protected. See Sales Representative for details.


037-Liberty-Corp 08-29-15.indd 37 2015-09-22 1:24 PM


Property Profile | PEMBERTON GROUP

PEMBERTON GROUP TAKES PRIDE

in designing and building diverse

condominium communities that

have their own unique appeal.

Each community delivers top

quality materials and craftsmanship,

unparalleled onsite recreational

amenities, superb customer service,

and lasting value. Pembertons

slogan, Its all about you, embodies

the companys commitment to a

customer-first approach. Pemberton

suite owners enjoy an enviable lifestyle

in sought-after neighbourhoods across

the Greater Toronto Area, plus the

peace-of-mind that comes from buying

from a well-trusted builder.

Exciting News

On the horizon from Pemberton Group are

Indigo Condominiums coming soon to Maple,

Downtown Erin Mills Tower 2 coming to the

heart of Mississauga, and the grand opening this

fall - CityLights South in mid-town Toronto.

Register now to be part of master-planned

Indigo, a mid-rise community with spacious

suites in the historic Village of Maple. This

coveted Vaughan location at Major Mackenzie

and Dufferin is adjacent to the Maple GO

station. The area boasts the allure of urban

living with connectivity to the GTA and a

GO train commute of just over a half-hour

to Union Station. Indigo will feature a roster of

impressive amenities. Prices will begin from

the mid-$200s. 905.553.1430

Pemberton Group Condominium Communities designed just for you

Builder Pemberton Group

DevelopmentsIndigo Condominiums Downtown Erin Mills Tower 2CityLights on BroadwaySkyCity 2Ten93 Queen WestVivid CondominiumsThe Urban Townhome

Collection

Home TypeCondominiums and Townhomes

ContactPembertonGroup.com

038-039 PP-Pemberton-Indigo_MCMEnew.indd 2 9/22/15 3:06 PM

The first building is under construction at

master-planned Downtown Erin Mills, located

steps from Erin Mills Town Centre. Register now

for Tower 2, offering all-new designs that reflect

the most popular requests, including a selection

of three-bedroom layouts, and an onsite two-

storey Recreational Centre totalling more than

17,000 sq. ft. Prices will begin from the low

$300s. 905.603.6300.

Choose SkyCity2 and live the amenity-rich

Sky Life close to York Region Transit, GO Train

and GO bus service. Residents can walk to

shopping, dining and entertainment venues. You

can move in this year at SkyCity Condominiums,

and this fall visitors will be able to tour the new

furnished model. Prices start from the low

$300s. 905.709.5700

Yonge and Eglintons best value can be found

at CityLights South Tower. Every necessity

imaginable lies within walking distance; the

subway and new LRT will be steps away, and

the community has 28,000 sq. ft. of superb

indoor and outdoor leisure and entertainment

amenities. Watch for the permanent Sales Office

opening soon with model vignettes. Prices start

from $199,990. 416.546.6605

Construction is underway at Ten93 Queen

West, situated on Queen Street West at

Dovercourt Road. Vogue magazine rated

this neighbourhood the second hippest

district in the world! The area is defined by

cutting-edge dining, theatre, music and

nightlife, fashion boutiques, and art galleries.

Amenities include a stylish party room that

rivals local clubs. A selection of suite styles

is still available, priced from the $280s.

416.546.6355

Buy with just five per cent down and move

in now at Vivid Condominiums, located

close to the Islington subway and Kipling GO

stations, in Etobicoke. Great for first-time

buyers, luxury one-bedroom plus den suites

are priced from the mid-$300s including

current incentive, one parking space and a

locker, valued at $35,000. 416.239.8200

An exclusive enclave, The Urban

Townhome Collection at U Condominiums

is under construction along Bay Street,

steps from Yorkville. Townhomes are priced

from $2.2 million. Tour the two-time

award-winning designer model home by

appointment. 416.546.6605.

To register and explore Pemberton

Groups many fine communities, visit

PembertonGroup.com. You can also

follow the company on Facebook, Twitter

and Instagram.

TOP LEFT

Indigo Condominiums is coming soon to Maple.

TOP RIGHT

Downtown Erin Mills Tower 2 residents will enjoy over 17,000 square feet of amenities.

038-039 PP-Pemberton-Indigo_MCMEnew.indd 3 9/22/15 3:06 PMTCG 09-26-15 master.indd 38 2015-09-22 5:15 PM


Property Profile | PEMBERTON GROUP

PEMBERTON GROUP TAKES PRIDE

in designing and building diverse

condominium communities that

have their own unique appeal.

Each community delivers top

quality materials and craftsmanship,

unparalleled onsite recreational

amenities, superb customer service,

and lasting value. Pembertons

slogan, Its all about you, embodies

the companys commitment to a

customer-first approach. Pemberton

suite owners enjoy an enviable lifestyle

in sought-after neighbourhoods across

the Greater Toronto Area, plus the

peace-of-mind that comes from buying

from a well-trusted builder.

Exciting News

On the horizon from Pemberton Group are

Indigo Condominiums coming soon to Maple,

Downtown Erin Mills Tower 2 coming to the

heart of Mississauga, and the grand opening this

fall - CityLights South in mid-town Toronto.

Register now to be part of master-planned

Indigo, a mid-rise community with spacious

suites in the historic Village of Maple. This

coveted Vaughan location at Major Mackenzie

and Dufferin is adjacent to the Maple GO

station. The area boasts the allure of urban

living with connectivity to the GTA and a

GO train commute of just over a half-hour

to Union Station. Indigo will feature a roster of

impressive amenities. Prices will begin from

the mid-$200s. 905.553.1430

Pemberton Group Condominium Communities designed just for you

Builder Pemberton Group

DevelopmentsIndigo Condominiums Downtown Erin Mills Tower 2CityLights on BroadwaySkyCity 2Ten93 Queen WestVivid CondominiumsThe Urban Townhome

Collection

Home TypeCondominiums and Townhomes

ContactPembertonGroup.com

038-039 PP-Pemberton-Indigo_MCMEnew.indd 2 9/22/15 3:06 PM

The first building is under construction at

master-planned Downtown Erin Mills, located

steps from Erin Mills Town Centre. Register now

for Tower 2, offering all-new designs that reflect

the most popular requests, including a selection

of three-bedroom layouts, and an onsite two-

storey Recreational Centre totalling more than

17,000 sq. ft. Prices will begin from the low

$300s. 905.603.6300.

Choose SkyCity2 and live the amenity-rich

Sky Life close to York Region Transit, GO Train

and GO bus service. Residents can walk to

shopping, dining and entertainment venues. You

can move in this year at SkyCity Condominiums,

and this fall visitors will be able to tour the new

furnished model. Prices start from the low

$300s. 905.709.5700

Yonge and Eglintons best value can be found

at CityLights South Tower. Every necessity

imaginable lies within walking distance; the

subway and new LRT will be steps away, and

the community has 28,000 sq. ft. of superb

indoor and outdoor leisure and entertainment

amenities. Watch for the permanent Sales Office

opening soon with model vignettes. Prices start

from $199,990. 416.546.6605

Construction is underway at Ten93 Queen

West, situated on Queen Street West at

Dovercourt Road. Vogue magazine rated

this neighbourhood the second hippest

district in the world! The area is defined by

cutting-edge dining, theatre, music and

nightlife, fashion boutiques, and art galleries.

Amenities include a stylish party room that

rivals local clubs. A selection of suite styles

is still available, priced from the $280s.

416.546.6355

Buy with just five per cent down and move

in now at Vivid Condominiums, located

close to the Islington subway and Kipling GO

stations, in Etobicoke. Great for first-time

buyers, luxury one-bedroom plus den suites

are priced from the mid-$300s including

current incentive, one parking space and a

locker, valued at $35,000. 416.239.8200

An exclusive enclave, The Urban

Townhome Collection at U Condominiums

is under construction along Bay Street,

steps from Yorkville. Townhomes are priced

from $2.2 million. Tour the two-time

award-winning designer model home by

appointment. 416.546.6605.

To register and explore Pemberton

Groups many fine communities, visit

PembertonGroup.com. You can also

follow the company on Facebook, Twitter

and Instagram.

TOP LEFT

Indigo Condominiums is coming soon to Maple.

TOP RIGHT

Downtown Erin Mills Tower 2 residents will enjoy over 17,000 square feet of amenities.

038-039 PP-Pemberton-Indigo_MCMEnew.indd 3 9/22/15 3:06 PMTCG 09-26-15 master.indd 39 2015-09-22 5:15 PM


THERE ARE MANY WAYS YOU CAN invest

and make money in real estate. Investing

in pre-construction condos can be

highly lucrative with minimal e ort.

Here are four reasons why:

1. Leverage

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. 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 on

streets like Yonge, King or the waterfront.

With many developers o ering fl exible

deposit structures, you can own in

these prime locations 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 monthly

property management. New condos

o er the lowest maintenance with the

highest rentability, so theres nothing to

fi x or maintain.

4. Rental demand

The need for new rental units is now fi lled almost entirely by new condos,

and tenants always want to live in the latest and greatest buildings. Buying

pre-construction guarantees you will own and rent the newest apartment on

the block, which condo investors know is a very lucrative experience.

By Andrew la Fleur

Andrew 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]

Advice | INVESTOR INSIGHTS

Pre-construction buys4 reasons why its a great investment


040 Andrew la Fleur-why pre constrcution is a good investment_MC_ME.indd 2 9/22/15 1:00 PMTCG 09-26-15 master.indd 40 2015-09-22 2:34 PM

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LOCATED ALONG Bloor Street from Jane

Street on the west to Runnymede to the

east, Bloor West Village is an older, well-

established yet lively neighbourhood

populated mostly by English-speaking

families with higher incomes and

a notable Ukranian community. Its a

favourite west end locale for shopping

and dining, with quality, older homes

on the subway line.

Vibe

Being so close to High Park, many

neighbourhood residents enjoy

an active, outdoor lifestyle on the

go, and Bloor West Village has the

sports shops and fi tness options to

serve them. Everyday shopping is an

enjoyable stroll along Bloor Street,

where youll fi nd several fresh fruit

and vegetable stands, co ee shops,

banks, restaurants, pubs and just

about anything else you could want.

Neighbourhood Profi le

Well established and highly desired

Bloor West Village

Meet the Neighbours

Ukranian heritage is celebrated at the

Ukranian Festival every September

this year Sept. 18 to 20. Most housing

is single-family homes, many built

in the 1950s and 60s, followed by

semi-detached as you move north

from Bloor toward Dundas Street

West. Note to renters: apartments are

limited, so head east towards High

Park for several mid- and highrises.

In The Area

Not the cheapest of neighbourhoods

to buy in, but prevalence of single-

family homes, proximity to the subway

and High Park well has its price.

Planes, Trains & Automobiles

With three subways stops in the

neighbourhood Jane, Runnymede

and High Park you can be

downtown, or west to Kipling, in no

time. For those who prefer to drive,

the Queensway and the QEW are

minutes away, and Bloor Street is

always another option.

Real Estate

Primo location right on the subway

line makes getting around a breeze,

and bodes well for property values.

Popularity of the area, and its

proximity to High Park, means

tra c is sometimes a headache

particularly as condo construction

ramps up at Jane Street and further

east at High Park.

Wayne Karl is an award-winning writer and editor with experience in real estate and business. He can be reached at [email protected] or follow him on Twitter at Twitter.com/WayneKarl

TAKE A VIDEO TOUR ONLINEypnexthome.ca/bloor-west-village

SOURCE: ENVIRONICS

Average household income

$160,544Family structure

Own vs. rent

Most popular car brands

Fast facts

FAMILIES

TOYOTA

46%

1 2 3

COUPLES

MAZDA

30%SINGLES

CHEVROLET

OWN

RENT

24%

75%

25%

gta new condo guide - sept 26, 2015

Documents