gta new home guide - aug 22, 2015

YOUR 5 STAR HOME BUILDER

WELCOME

HOMETO A PLACE CALLED

Aug 22 - Sept 5, 2015 Volume 23 Issue 15

INSIDE THIS ISSUE

CREATIVE SOLUTIONS FORENVIRONMENTAL PROTECTION

10 TIPS FOR CREATINGTHE PERFECT GUEST ROOM

HOME SALES CONTINUESTRONG PERFORMANCE

NOW OPENBRADFORD Dream elds Presentation Centre & 2 Model Homes 905.551.1631

BRAMPTONMay eld VillagePresentation Centre 905.230.2592

KLEINBURGKleinburg HillsPresentation Centre & 2 Model Homes 905.552.0678

MARKHAM UnionPresentation Centre 905.554.3446

NOBLETON King Country EstatesPresentation Centre & 2 Model Homes 905.558.0255

QUEENSVILLE QueensvillePresentation Centre 905.589.0399

WATERDOWNWaterdown MeadowsPresentation Centre905.690.2224

VAUGHAN ChelseaPresentation Centre & Model Homes 289.553.3147

VAUGHAN Upper West SidePresentation Centre & Model Homes 289.553.5633

MORE INFO ATaspenridgehomes.com

COMING SOONKESWICKSimcoe Landing Phase 2

PICKERINGNew Seaton

REGISTER ATaspenridgehomes.com

6.875 x 10.5 IGF 7.25 x 10.5 IFC 7.5 x 10.5fold

Aspen Ridge Homes. Prices and specifications are subject to change. See sales representative for details. All Rights Reserved. E.&O.E. June 2015.

AMAZING LOCATIONChelsea is ideally located right across from the Maple Go Station, with easy access to Highway 400, and within minutes of shopping centres, entertainment complexes, restaurants, golf courses, parks, farmland and conservation areas.

Now Open!

aspenridgehomes.com

TESTON RD.

MAJOR MACKENZIE DR.

YONG

E ST.

ELGIN MILLS RD. W.

SALESCENTRE

TROO

N

MCNAUGHTON RD.

HILL ST.

PETER RUPERT AVE.

SOPHISTICATED NEW MODERN TOWNHOME COMMUNITY

CHELSEA AT MAPLE STATION,AN EXCITING NEW MODERN TOWNHOME COMMUNITY

NOW OPEN IN MAPLE.

PRESENTATION CENTRE NOW OPEN18 HILL STREET, MAPLE

TOWNS FROM THE $700S289.553.3147 | ASPENRIDGEHOMES.COM

ASPIRE TO GREAT DESIGN.

ASPIRE

NOW OPENBRADFORD Dream elds Presentation Centre & 2 Model Homes 905.551.1631

BRAMPTONMay eld VillagePresentation Centre 905.230.2592

KLEINBURGKleinburg HillsPresentation Centre & 2 Model Homes 905.552.0678

MARKHAM UnionPresentation Centre 905.554.3446

NOBLETON King Country EstatesPresentation Centre & 2 Model Homes 905.558.0255

QUEENSVILLE QueensvillePresentation Centre 905.589.0399

WATERDOWNWaterdown MeadowsPresentation Centre905.690.2224

VAUGHAN ChelseaPresentation Centre & Model Homes 289.553.3147

VAUGHAN Upper West SidePresentation Centre & Model Homes 289.553.5633

MORE INFO ATaspenridgehomes.com

COMING SOONKESWICKSimcoe Landing Phase 2

PICKERINGNew Seaton

REGISTER ATaspenridgehomes.com

6.875 x 10.5 IGF 7.25 x 10.5 IFC 7.5 x 10.5fold

Aspen Ridge Homes. Prices and specifications are subject to change. See sales representative for details. All Rights Reserved. E.&O.E. June 2015.

AMAZING LOCATIONChelsea is ideally located right across from the Maple Go Station, with easy access to Highway 400, and within minutes of shopping centres, entertainment complexes, restaurants, golf courses, parks, farmland and conservation areas.

Now Open!

aspenridgehomes.com

TESTON RD.

MAJOR MACKENZIE DR.

YONG

E ST.

ELGIN MILLS RD. W.

SALESCENTRE

TROO

N

MCNAUGHTON RD.

HILL ST.

PETER RUPERT AVE.

SOPHISTICATED NEW MODERN TOWNHOME COMMUNITY

CHELSEA AT MAPLE STATION,AN EXCITING NEW MODERN TOWNHOME COMMUNITY

NOW OPEN IN MAPLE.

PRESENTATION CENTRE NOW OPEN18 HILL STREET, MAPLE

TOWNS FROM THE $700S289.553.3147 | ASPENRIDGEHOMES.COM

ASPIRE TO GREAT DESIGN.

ASPIRE

001-Aspen-Corp 07-25-15.indd 1 2015-08-17 12:31 PM

2 NEW HOME GUIDE GTA | AUG 22 - SEP 5, 2015

contentsAUG 22 - SEPT 5, 2015 || VOLUME 23 ISSUE 15

community focus features 24 West Brampton

Fieldgate Homes Grand opening of designer-decorated furnished homes at Valleylands

36 Toronto Madison Homes Urban living at Briar Hill City Towns on Dufferin Street

40 Upper Thornhill Andrin Homes Claridge Gate opens its doors in Upper Thornhill

ON THE COVER

p. 32STARLANE HOMES

Proudly presents three 5-star communities across the GTA


WELCOME



INSIDE THIS ISSUE




regular and special featuresIN EVERY ISSUE

4 Editors Note 10 Contributors 102 Ad IndexCOLUMNISTS

14 BILD Report Creative solutions for environmental protection by Bryan Tuckey

18 Fundamentally Speaking How might foreign economic woes affect Canadian real estate? by Wayne Karl

AUG 22 - SEP 5, 2015 | NEW HOME GUIDE GTA 3

contentsAUG 22 - SEPT 5, 2015 || VOLUME 23 ISSUE 15

community focus features 24 West Brampton

Fieldgate Homes Grand opening of designer-decorated furnished homes at Valleylands

36 Toronto Madison Homes Urban living at Briar Hill City Towns on Dufferin Street

40 Upper Thornhill Andrin Homes Claridge Gate opens its doors in Upper Thornhill

ON THE COVER

p. 32STARLANE HOMES

Proudly presents three 5-star communities across the GTA


WELCOME



INSIDE THIS ISSUE




regular and special featuresIN EVERY ISSUE

4 Editors Note 10 Contributors 102 Ad IndexCOLUMNISTS

14 BILD Report Creative solutions for environmental protection by Bryan Tuckey

18 Fundamentally Speaking How might foreign economic woes affect Canadian real estate? by Wayne Karl

36

24

40

30 Taxing Issues First-time buyers buy when youre ready and able by Henry Choo Chong

46 Designer Secrets 10 tips for creating a guest room in your new space by Jane Lockhart

48 Legally Speaking Title insurance: What it is, and why you need it by Jayson Schwarz

60 Mortgage Advice What first-time homebuyers need to know before getting a mortgage by Alyssa Richard

62 Money Matters Owning versus renting by Gail Vaz-Oxlade

HOMEBUYERS HELP

95 Resource Section Mortgage Calculator and Rate Table

99 GTA Hot Sheet Two pages of new openings, new releases and preview registrations

IN THE NEWS

20 Great Gulf donates $200,000 to Wellspring Chinguacousy

28 Home Sales Canadian home sales edge lower but still strong in July

44 Fieldgate Urban introduces modern urban living in the heart of North York

56 Interest Rates Two-thirds of Canadians fear an interest rate hike

58 Kylemore Communities Angus Glen community barbecue celebrates 18 years

82 LIV Communities Breaks ground at Casablanca community in Brampton

84 Great Gulf unveils sculpture by Canadian artist David James


What a di erence a few months makes. In April, Torontos housing market received a moderate risk assessment from Canada Mortgage and Housing Corp. Now, Canadas largest market has joined Winnipeg and Regina as those that warrant a high risk rating.

Why? A combination of price acceleration and overvaluation, caused by the fact that price growth is exceeding gains in personal disposable income. is gives rise to modest risk of overvaluation, CMHC says.

No doubt, for some Torontonians, the words high risk will send them into a panic. Indeed, within minutes of CMHCs report in mid-August, some realtors were tweeting that some owners should sell. Dont get caught.

Such irresponsible opportunism aside, CMHCs message does not mean the Toronto housing market is about to collapse. As Canadas national housing

agency, part of its mandate is to identify problematic conditions, so as to give all parties homeowners, buyers, sellers, mortgage lenders and even those who stand to gain from such transactions the information they need to make well-informed decisions.

e Toronto housing market is really a dichotomy of housing markets, CMHC says. While there is rapid price acceleration in the lowrise market, new home inventories have remained low since 2010. e reverse is true for the highrise segment, where price growth has slowed while inventory levels have increased since 2010.

Translation? New lowrise homes in Toronto are, and likely will remain, very highly desired because of supply and demand.

ere are still plenty of wise homebuying choices, provided you do your research, buy within your budget and live within your means.

Take note, Toronto homebuyersCMHCs recent assessment should only focus homebuying intentions, not discourage them

New-home experienceMake wise choices and enjoy the process

When only a new home will do, those in the market will be pleasantly surprised by the exceptional value and attention to detail a new home o ers.

When you buy new, you dont inherit somebody elses worn carpeting, personal taste in kitchen appliances or paint colour preferences. You get a fresh, clean space thats waiting for your personal imprint.

If youve always fantasized about buying a brand new home, here are a few tips that can help you make the process a pleasant one: Shop the mortgage market to see what you can a ord before you start your hunt;

Obtain a lawyer who is willing to review your o er and close the deal;

Dont be persuaded by high pressure sales tactics while youre out shopping;

Determine which options and upgrades you want as part of your o er and ensure your lender will nance whats required, if needed;

To save money, consider which upgrades you could purchase and install yourself after the sale closes. Some upgrades such as rough-ins and wiring inside the walls are easier to do before construction.Factors such as the cost of the

home, neighbourhood, lot size and special features play a big role in your nal decision. Determining which features your new house absolutely must have, and which features you could live without, should be among your rst steps in the homebuying process.

We hope you enjoy this issue of New Home Guide. Let us know what you think! Wed love to hear from you.

//EDITORS NOTE

WAYNE KARL EDITOR Yellow Pages [email protected]

Follow me on Twitter at Twitter.com/WayneKarlLike us on Facebook. Search: New Home Guide

SUSAN LEGGE EDITOR-IN-CHIEF Yellow Pages NextHome [email protected]

Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook. Search: New Home Guide

WhitbyTaunton Road and Coronation Road. Towns, Semis and Singles. Register Now

Richmond HillLeslie Street and Elgin Mills Road.

Towns, Semis and Singles. Register Now

ARISTA HOMES 2015 Energy Star Builder of the Year

*Prices, plans and specifi cations are subject to change without notice. See sales representative for details. E. & O.E.

WWW.ARISTAHOMES.COM

Vaughan Valley EstatesVaughan

Final opportunity

from 1.4 millionNow Selling. Decorated

Model Homes.

Vellore Woods Vaughan

Beautiful detached family homes in Vaughan.

from the mid $700s Final opportunity

Now under construction.

Aurora Trails Aurora

Towns, Semis, and Singles are still available. from the

upper $500sNow Open. Final Phase.

Boxgrove | Markham REGISTER NOW. Live/work towns and freehold townhomes in an established master planned community in Markham located at Hwy 407 & 9th Line. Coming This Fall Register Now

ImpressionsKleinburg

Semis and Singles in Charming Kleinburg.

from the $600s Phase 3 Now Open.

Model Home. Early Closings Available.

Goddard on the Valley

Central TorontoOnly 2 Singles Remaining

Located at Sheppard and Bathurst.

from $1,149,990up to 3,604 sq.ft.

ARIS-MUL-A-AD-NHC-AUG17-3.indd 1 8/18/15 11:49 AM005-Arista 08-22-15.indd 1 2015-08-18 12:17 PM

5

Start your day with

the perfect cup

Life Storeymenkes.com

A family dinner that

is simply delicious

Take the kids

grocery shopping

How will you keep

the family entertained

and inspired?

Make sure the kids

brush their teeth before

they go to bed!

Home to all lifes sweetest moments From the first notes of

birdsong outside your

bedroom window to

nights filled with sweet

dreams, home is where

we enjoy so many of lifes

finest moments.

Make every minute count

with open-concept

interiors that bring the

family closer together,

and perfectly situated

communities that put

everything you need just

outside your front door.

Dwell Etobicoke

New ReleaseBurnhamthorpe Rd. & West Mall416.259.2525Starting from the mid $500s

Humber Mews Etobicoke

Under ConstructionBrowns Line & Evans Ave.416.259.2525Starting from the mid $500s

The Enclaves of Upper Canada Georgetown

New ReleaseGuelph St. & MacFarlane Dr.289.891.9103Starting from the high $400s

Hometown Sharon Village East Gwillimbury

Coming SoonLeslie St. & Green LaneRegister now at menkes.com

A lifetime of happinessFor over 60 years, Menkes has focused on growing smart and

successful communities perfectly suited to the ways modern

families, singles and couples want to live. Come home to

Menkes today, where every day in your Life Storey begins and

ends with total customer satisfaction.

Todays

Facebook.com/MenkesLife @MenkesLife

Prices and specifications are subject to change. E.&O.E. July 2015.

Trips to the local library,

swimming pools,

skating rinks and more

006-007-Menkes-Corp 07-25-15.indd 6 2015-08-17 12:31 PM

6

Start your day with

the perfect cup

Life Storeymenkes.com

A family dinner that

is simply delicious

Take the kids

grocery shopping

How will you keep

the family entertained

and inspired?

Make sure the kids

brush their teeth before

they go to bed!

Home to all lifes sweetest moments From the first notes of

birdsong outside your

bedroom window to

nights filled with sweet

dreams, home is where

we enjoy so many of lifes

finest moments.

Make every minute count

with open-concept

interiors that bring the

family closer together,

and perfectly situated

communities that put

everything you need just

outside your front door.

Dwell Etobicoke

New ReleaseBurnhamthorpe Rd. & West Mall416.259.2525Starting from the mid $500s

Humber Mews Etobicoke

Under ConstructionBrowns Line & Evans Ave.416.259.2525Starting from the mid $500s

The Enclaves of Upper Canada Georgetown

New ReleaseGuelph St. & MacFarlane Dr.289.891.9103Starting from the high $400s

Hometown Sharon Village East Gwillimbury

Coming SoonLeslie St. & Green LaneRegister now at menkes.com

A lifetime of happinessFor over 60 years, Menkes has focused on growing smart and

successful communities perfectly suited to the ways modern

families, singles and couples want to live. Come home to

Menkes today, where every day in your Life Storey begins and

ends with total customer satisfaction.

Todays

Facebook.com/MenkesLife @MenkesLife

Prices and specifications are subject to change. E.&O.E. July 2015.

Trips to the local library,

swimming pools,

skating rinks and more

006-007-Menkes-Corp 07-25-15.indd 7 2015-08-17 12:31 PM

7

The Oriole Corner Model Home In The Preserve, Oakville

FOR MORE INFORMATION ON OUR COMMUNITIES REGISTER AT MATTAMYHOMES.COM

Follow us: All illustrations are artists concept. All dimensions are approximate. Prices, specifi cations, terms and conditions subject

to change without notice. E.&O.E.

ITS TIME TO MAKE YOUR MOVE UP TO MATTAMYEXPLORE THESE EXCEPTIONAL COMMUNITIES NOW OPEN IN THE GTA

SALES CENTRE

12515 Old Kennedy Road

5 MODEL HOMES Kennedy Road Closure See Website For Detour

SALES CENTRE

6 Worthington Avenue

CALEDONDetached Homes From $692,490

BRAMPTONDetached Homes From $497,990

Kennedy Rd.Old

Scho

ol Rd

.

May

field

Rd. Kennedy Rd.

Hurontario St.

Lars

on

Peak

Rd.

Wate

rville

W

ay

Dixie Rd.

SALES CENTRE/MODEL HOMES

N

4

410

10

14

MIS

SISS

AUG

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D.

CR

EDIT

VIEW

RD

.

CH

ING

UAC

OU

SY

HU

RO

NTA

RIO

ST.

BOVAIRD DR./HWY.7

QUEEN ST.

SALESCENTREN

410

407

SALES CENTRE HOURS: Monday - Thursday 1pm - 8 pm; Friday 1pm - 6 pm; Saturday, Sunday and Holidays 11am - 6 pmMODEL HOME HOURS: Monday - Thursday 1pm - 7:30 pm; Friday 1pm - 5:30 pm; Saturday, Sunday and Holidays 11am - 5:30 pm

50' HOME, THE JUNEBERRY B 3,412 SQ.FT. $566,990

43' HOME, THE SUMMER CALM B 3,137 SQ.FT. $737,990

38' HOME, THE PALMERSTON F 2,644 SQ.FT.

2 STOREY TOWNHOME, THE FINCH ENGLISH MANOR 1,925 SQ.FT. $640,990

ENGLISH MANOR

SALES CENTRE

7 Wetland Way

2 MODEL HOMES

KITCHENERDetached Homes From $430,990

New Dundee

Rd.

Stauffer Dr.

Robert Ferrie Dr.

Don

Mills

Dr.

Doon Village Rd.Homer Watson Blvd.

Kings R

d.

Dickie Setllem

ent Rd.Reidel D

r.


28

28

N

71

12401

SALES CENTRE

1388 Dundas Street West

4 MODEL HOMES

OAKVILLEFreehold Townhomes From $588,990 SALES CENTRE/MODEL HOMES

403

QEW

N

5

NEYAGAWA

DORVAL DR.

DUND

AS S

T. W

UPPE

R M

IDDL

E RD

. W

3RD LINE

BRONTE

TRAFALGAR RD.

MATGTA - Open All Sites - New Homes and Condos - Magazine DPS Due: 12/08/15

File Name: MATGTA-AllSites_NHnC_DPS_Mag Publication: New Homes and Condos

Trim: 7.5" x 10.5" Safety/V.O.: .25 DPI: 300

Bleed: .125 Colours: CMYK Built: 11/08/2015 JND

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SALES CENTRE



SALES CENTRE




Kennedy Rd.Old

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.

May

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Rd. Kennedy Rd.

Hurontario St.

Lars

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Rd.

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CH

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BOVAIRD DR./HWY.7

QUEEN ST.

SALESCENTREN

410

407






ENGLISH MANOR

SALES CENTRE

7 Wetland Way

2 MODEL HOMES


New Dundee

Rd.

Stauffer Dr.

Robert Ferrie Dr.

Don

Mills

Dr.


Kings R

d.

Dickie Setllem

ent Rd.Reidel D

r.


28

28

N

71

12401

SALES CENTRE


4 MODEL HOMES


403

QEW

N

5

NEYAGAWA

DORVAL DR.

DUND

AS S

T. W

UPPE

R M

IDDL

E RD

. W

3RD LINE

BRONTE

TRAFALGAR RD.





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SALES CENTRE



SALES CENTRE




Kennedy Rd.Old

Scho

ol Rd

.

May

field

Rd. Kennedy Rd.

Hurontario St.

Lars

on

Peak

Rd.

Wate

rville

W

ay

Dixie Rd.


N

4

410

10

14

MIS

SISS

AUG

A R

D.

CR

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RD

.

CH

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UAC

OU

SY

HU

RO

NTA

RIO

ST.

BOVAIRD DR./HWY.7

QUEEN ST.

SALESCENTREN

410

407






ENGLISH MANOR

SALES CENTRE

7 Wetland Way

2 MODEL HOMES


New Dundee

Rd.

Stauffer Dr.

Robert Ferrie Dr.

Don

Mills

Dr.


Kings R

d.

Dickie Setllem

ent Rd.Reidel D

r.


28

28

N

71

12401

SALES CENTRE


4 MODEL HOMES


403

QEW

N

5

NEYAGAWA

DORVAL DR.

DUND

AS S

T. W

UPPE

R M

IDDL

E RD

. W

3RD LINE

BRONTE

TRAFALGAR RD.





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SALES CENTRE



SALES CENTRE




Kennedy Rd.Old

Scho

ol Rd

.

May

field

Rd. Kennedy Rd.

Hurontario St.

Lars

on

Peak

Rd.

Wate

rville

W

ay

Dixie Rd.


N

4

410

10

14

MIS

SISS

AUG

A R

D.

CR

EDIT

VIEW

RD

.

CH

ING

UAC

OU

SY

HU

RO

NTA

RIO

ST.

BOVAIRD DR./HWY.7

QUEEN ST.

SALESCENTREN

410

407






ENGLISH MANOR

SALES CENTRE

7 Wetland Way

2 MODEL HOMES


New Dundee

Rd.

Stauffer Dr.

Robert Ferrie Dr.

Don

Mills

Dr.


Kings R

d.

Dickie Setllem

ent Rd.Reidel D

r.


28

28

N

71

12401

SALES CENTRE


4 MODEL HOMES


403

QEW

N

5

NEYAGAWA

DORVAL DR.

DUND

AS S

T. W

UPPE

R M

IDDL

E RD

. W

3RD LINE

BRONTE

TRAFALGAR RD.





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contributorsNEW HOME GUIDE

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline HillEDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan LeggeDIRECTOR OF SALES, NATIONAL

Moe LalaniSALES MANAGER NEW HOME GUIDE GTA, NEW CONDO GUIDE, HOME DECOR & RENOVATIONS

Conni RobinsonASSOCIATE PUBLISHER, NEW HOME & CONDO GUIDE SWO, LIFESTYLE COMMUNITIES

Susan Maxwell ART DIRECTOR

Tammy Leung

EDITOR

Wayne KarlCONTRIBUTING EDITORS

Sara Duck (on leave) Elisa Krovblit, Lydia McNutt

SENIOR ACCOUNT EXECUTIVE

Nina Downs [email protected] SENIOR ACCOUNT EXECUTIVE Dionne Fraser [email protected] & MARKETING CO-ORDINATOR

Antoinette JacksonDISTRIBUTION & SALES CO-ORDINATOR

Sarah Khan

NATIONAL CIRCULATION MANAGER John Jenkins

PRODUCTION MANAGER

Bala GnanapandithanPRODUCTION CO-ORDINATOR

Sandra Hanak-VujnovicGRAPHIC DESIGNERS Viosa Barileva, Miguel Cea, Mike Terentiev

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867YPNextHome.ca ADVERTISING Call 416.626.4200 for advertising rates and information. CIRCULATION Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices.COPYRIGHT 2015 All rights reserved by Yellow Pages Homes Ltd., Toronto, Ont. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.TERMS Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E.EDITORIAL Submissions from interested parties will be considered. Please submit to the editor at [email protected]

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.

MONEY MATTERS GAIL VAZ-OXLADEGail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade

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

TAXING ISSUES HENRY CHOO CHONG, CGAHenry Choo Chong is a certified general accountant. Henry sits on many committees and provides accounting and tax advice to individuals and businesses in the GTA. Send your tax questions via email to Taxing Issues at: [email protected]

LEGALLY SPEAKING JAYSON SCHWARZ Schwarz Law -Barristers and Solicitors

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

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

Published by

DESIGN SECRETS

JANE LOCKHARTis Founder and Principal Designer of Jane Lockhart Interior Design in Toronto. She can be reached at 416.762.2493. janelockhart.com

SALES OFFICE LOCATED AT

655 Cornell Centre Boulevard (at 16th Avenue)

Open Monday to Thursday from 1 to 8 p.m.Friday by appointment only

Weekends & Holidays from 11 a.m. to 6 p.m.

Renderings are artists concept. Prices and specifi cations are subject to change without notice. See sales representatives for details. E & O.E.

cornellrouge.com 905.472.9556

Markham

FREEHOLD TOWNHOMES

FROM 1,881 SQ FT

FROM 2,175 SQ FT

SINGLE FAMILY HOMES on 30', 36' & 40'

$600's $800'sfrom the

New Release! New Designs!

M A R K H A M

AMAZING AMENITIES AT YOUR DOORSTEP new cornell community centre & library

markham stouffville hospital

new shopping centres & retail shops

excellent public & private schools

parks, playgrounds & woodlots

easy access to 401, 404, 407 & GO transit

tour our

8decoratedmodel homes

from the high

MADI-COR-A-AD-NHC-MAY7-1.indd 1 5/7/15 10:52 AM011-Madison-Cornell 05-16-15.indd 11 2015-08-17 12:32 PM

contributorsNEW HOME GUIDE

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline HillEDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan LeggeDIRECTOR OF SALES, NATIONAL

Moe LalaniSALES MANAGER NEW HOME GUIDE GTA, NEW CONDO GUIDE, HOME DECOR & RENOVATIONS

Conni RobinsonASSOCIATE PUBLISHER, NEW HOME & CONDO GUIDE SWO, LIFESTYLE COMMUNITIES

Susan Maxwell ART DIRECTOR

Tammy Leung

EDITOR

Wayne KarlCONTRIBUTING EDITORS

Sara Duck (on leave) Elisa Krovblit, Lydia McNutt

SENIOR ACCOUNT EXECUTIVE

Nina Downs [email protected] SENIOR ACCOUNT EXECUTIVE Dionne Fraser [email protected] & MARKETING CO-ORDINATOR

Antoinette JacksonDISTRIBUTION & SALES CO-ORDINATOR

Sarah Khan

NATIONAL CIRCULATION MANAGER John Jenkins

PRODUCTION MANAGER

Bala GnanapandithanPRODUCTION CO-ORDINATOR

Sandra Hanak-VujnovicGRAPHIC DESIGNERS Viosa Barileva, Miguel Cea, Mike Terentiev

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867YPNextHome.ca ADVERTISING Call 416.626.4200 for advertising rates and information. CIRCULATION Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices.COPYRIGHT 2015 All rights reserved by Yellow Pages Homes Ltd., Toronto, Ont. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.TERMS Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E.EDITORIAL Submissions from interested parties will be considered. Please submit to the editor at [email protected]

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.

MONEY MATTERS GAIL VAZ-OXLADEGail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade

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

TAXING ISSUES HENRY CHOO CHONG, CGAHenry Choo Chong is a certified general accountant. Henry sits on many committees and provides accounting and tax advice to individuals and businesses in the GTA. Send your tax questions via email to Taxing Issues at: [email protected]

LEGALLY SPEAKING JAYSON SCHWARZ Schwarz Law -Barristers and Solicitors

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

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

Published by

DESIGN SECRETS

JANE LOCKHARTis Founder and Principal Designer of Jane Lockhart Interior Design in Toronto. She can be reached at 416.762.2493. janelockhart.com

StoryBuilder

H O M E S Consider Yourself at Home PrimontHomes.com

As a family-owned homebuilder with over 40 years of experience, Primont Homes is committed to providing the highest quality and value to all our homebuyers. Prime locations, elegant design, superb craftsmanship and unrivaled customer service have made Primont a leading and trusted name in the industry.

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StoryBuilder








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FREEHOLD TOWNHOMES

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//BILD REPORT

by BRYAN TUCKEY

BRYAN TUCKEY is President and CEO of the Building Industry and Land Development Association (BILD) and is a land-use planner who has worked for municipal, regional and provincial governments. Follow

him on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta)

and BILDs official online blog (bildblogs.ca).

Creative solutions for environmental protection

This fall, 185 families will be moving into one of the most environmentally sustainable communities in the GTA.

Located in the Town of Newmarket, the water-conscious and energy-saving community is called The Vales of Glenway and it is raising the bar for innovation and overall environmental performance and sustainability for new homes.

BILD members Bazil Developments Inc. and Mosaik Homes are transforming what was a 30-acre farm into a community featuring innovative technology and building techniques that have received nods from local, regional and conservation authority officials.

Bazil principal Paul Bailey says they didnt set out to be an example, but rose to the challenge presented by

town officials as part of a pilot project aimed at speeding up approvals for low impact development.

The project team included staff from the Town, York Region, Lake Simcoe and Toronto Region Conservation Authorities and everyone worked together to come up with innovative solutions to conserve energy and water inside and outside the homes and throughout the overall development. It wasnt always easy, Bailey says, but they overcame a number of obstacles and learned a lot. The project has since been recognized by the Lake Simcoe Conservation Authority as a model of environmental sustainability.

For indoor water and energy conservation every Vales of Glenway home is designed to exceed Ontario Building Code requirements by at least 25 per cent. The homes will be outfitted with newly-designed low-flow toilets, Energy Star appliances, water-saving whole-home furnace-mount humidifiers, programmable thermostats, additional insulation and more. The team also undertook a seed and sod study on the site to determine the best way to use soil and plants to help conserve water and participated in Enbridges Savings by Design program, a green building initiative that helps builders design and construct homes that will help homeowners save on energy costs.

The team is also working to reduce the phosphorus that is going into Lake Simcoe by more than required by provincial regulation. Two fascinating strategies used to accomplish this are bioswales and rain gardens, which will look like nice landscaping but functionally will be doing amazing things to capture roof rain runoff and eliminate the need for storm sewers.

When the community at the corner of Bathurst Street and Davis Drive is complete, it will be the first of its kind within the Lake Simcoe watershed to use these water and energy conservation measures, according to the Conservation Authority. For the innovation and incorporation of green infrastructure, the Conservation Authority presented Paul with a Conservation Award of Merit in 2013 for his leadership.

Across the GTA BILD members and community builders like Bazil, Mozaik and many others take the environment into account every day when making planning, design and construction decisions. The industry is meeting strict regulations, like the Building Code and others, and many exceed them. For those who are pushing to have their teams to do things differently than they have in the past, they know that new homebuyers will reap the benefits and as a greater region, we all will too.


first.

Coming Soon.Bold. Brilliant. Briar Hill at Dufferin.

Starting from the mid $300s

An enclave of one and two-storey urban towns in a well-

established, family friendly community. Stroll along tree-lined

walkways to the city park next door and enjoy the many

convenient amenities this mid-town neighbourhood has to offer.

Rendering is artist`s concept. Prices and specifications are subject to change without notice. Marketed by International Home Marketing Group. Brokers protected. E. & O.E.

Be first in line.Register Now.MadisonHomes.caJoin the conversation:

MADI-BRI-A-AD-NHC-AUG12-1.indd 1 8/12/15 2:19 PM015-Madison Homes 08-22-15.indd 23 2015-08-17 12:32 PM

Prices and specifications correct at press time. Prices quoted are in $ thousands. Maps not to scale. E. & O.E.

Hours: Mon - Thurs: 1pm - 7pm Sat, Sun & Holidays: 11am - 6pm Closed Friday

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Site is located at:First Rd. W. & Highland Rd. W.

STONEY CREEK

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Like the lifestyle. Love the price.

Join the many families who are discovering On The Ridge, an inspired community of beautiful family homes with hard-to-find big backyards. Site servicing and roads are underway and construction is starting soon. Visit Stoney Creek and see why On The Ridge is

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Rosehaven has introduced Condominium Townhomes to Lyons Creek - in the heart of everything you love about Niagara. Live in Chippawas finest location, minutes from the QEW for trips and easy access to the border. Its the best of both worlds; a beautiful home at Lyons Creek and worry-free lifestyle.

New condominium townhomes starting from the $280s

Also 36 singles plus 36 wide freehold towns starting from the mid $300s

McLeod Rd.

Main St.

Portage Rd.

Lyons

Creek Rd.

Mar

inel

and

Pkw

y

Sodo

m R

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Fort Erie

ToFalls

MODELS &PRESENTATION

CENTRES

Mann St.

NIAGARARIVER

CHIPPAWA-NIAGARA FALLS

*Elevation and landscape is artists concept and may not be depicted as shown. Prices, square footage and specifications correct at press time. Prices quoted are in $ thousands. E. & O.E.

LyonsCreekChippawa.comHOURS OF OPERATION: Mon & Tues: 2pm - 7pm; Sat, Sun & Hol. 12pm - 5pm

016-Rosehaven-Split 08-22-15.indd 1 2015-08-17 12:32 PM

For directions, maps, hours and community information call our hotline (1-888/416) 410-0175

Visit RosehavenHomes.com

Seek haven from the ordinary

HAVEN: A PLACE OF SAFETY OR REFUGE

Seek haven from the common, the oh-so-typical, the average, the middle-of-the-road, the good-enough, the run-of-the-mill. At Rosehaven, we will never be satisfied with anything less than the exceptional. Because we know you wont.

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CHIPPAWA/NIAGARALYONS CREEKCondominium Townhomes from $279,99036 Singles from $349,990

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STONEY CREEKON THE RIDGE40 and 35 Singles from $483,990Semi Detached Homes from $368,990

OAKVILLEWOODLAND TRAILSSemis and Freehold Towns starting from the mid $600s

BRAMPTONNEIGHBOURHOODS OFMOUNT PLEASANT45, 41 & 38 Singles from $669,990Attached Singles andFreehold Towns from $458,990

BRAMPTONURBAN TOWNDOMINIUMSIN MOUNT PLEASANTStarting from $296,990From 893 sq.ft to over 1,084 sq.ft.

CALEDONLOTUS POINTE36 Singles from $619,9902 & 3 Storey Freehold Towns from $459,990

OAKVILLETHE RANDALL RESIDENCESOnly 14 remaining, suites from 1,800 to over 3,000 sq.ft.Move in from $2.0 million.CONSTRUCTION UNDERWAY

KLEINBURGKLEINBURG HERITAGE ESTATESOnly 3 Estate Singles remainingMove in from $1.5 million*MODEL HOME FOR SALE

ROSEHAVENPLATINUM.COMPrices and specifications correct at press time. Renderings are artist concept. E. & O.E. Prices quoted are in thousands except for Kleinburg & Randall pricing. *Price reflected in ad does not include lot premium and all remaining lots are subject to a premium.

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17


e recent collapse of the Chinese stock market and subsequent economic woes may seem like a world away, but the e ects are being felt globally including here in Canada.

What might it all mean for the Canadian housing market?Its early days yet, and the assumption is that ongoing woes

in China will hurt us. True, a troubled Chinese economy hurts Canadian shipments to that increasingly important export market, particularly from BC and Alberta. But when it comes to Canadian housing, there may actually be a bene t.

Its well known that Canada is a popular destination for Chinese real estate investors, and Canada Mortgage and Housing Corp. (CMHC) has said the number of foreign investors in Canada may be higher than documented meaning there is continued strong interest in the Canadian housing market.

We know it is common for foreign nationals to invest in Canadian real estate, Alyssa Richard, founder and CEO of ratehub.ca told New Home Guide. Because Canadas market is more stable than Chinas, it has become common in large cities, especially Vancouver, for Chinese nationals to invest.

e economic downturn in China could a ect Canadian real estate in a few ways, Richard says. Because investment in China is uncertain at best, sometimes yielding only losses, Chinese investment in Canadian real estate could increase.

If these Chinese investments in Canada are short-term, however, that could cause signi cant corrections if there is a collective divestment in the future when the Chinese economy turns around.

It is also possible, Richard says, that Chinese investment in the Canadian housing market will not see much change. Chinese investors will not likely withdraw investments here right away, as theres no real alternative back home to supplant their assets. Many investors will also be hurting back in China, not allowing them to further invest overseas. With no funds

for new investments, the Canadian market could stay relatively level.

CMHC Deputy Chief Economist Je rey Harris told New Home Guide that it is di cult to determine the e ect foreign buyers may be having on the price of housing, as the available information on foreign buyers is largely anecdotal. Immigrant demand for housing should not be confused with sales to foreign residents.

CMHCs October 2014 Rental Market Survey included questions on foreign ownership of Canadian condominiums. Speci cally, property managers were asked to provide information on the total condominium apartment units owned by people whose permanent residence is outside of Canada.

Foreign condominium investors represent just 1.7 per cent of owners across the eleven centres surveyed, Harris says. e CMAs with the highest percentage of foreign investment in condominiums are Toronto at 2.4 per cent, Vancouver at 2.3 per cent and Montreal at 1.5 per cent.

e CMAs with the smallest percentage of foreign investment in condominiums are Edmonton, Regina and Winnipeg, all at 0.1 per cent, followed by Calgary at 0.2 per cent and Saskatoon at 0.3 per cent. In theory, this could mean these markets are less exposed to risks associated with any divestment by foreign owners.

How might foreign economic woes affect Canadian real estate?

//FUNDAMENTALLY SPEAKING

WAYNE KARL is an award-winning writer and editor with experience in real estate and business. In Fundamentally

Speaking, Wayne explores the basics such as

economic fundamentals you need to examine when buying property. He can be reached at

[email protected] or follow him on Twitter at Twitter.com/WayneKarl

by WAYNE KARL

Because investment in China is uncertain at best, sometimes yielding only losses, Chinese investment in Canadian real estate could increase.

H E I G H T S

H E I G H T S

H E I G H T S

FUTUREHERES A GLIMPSE

I N T O Y O U R

O N M I S S I S S A U G A R O A D

LUXURY MODEL HOMES FOR SALE

50 & 70 LUXURY SINGLESUP TO 5,195 SQ. FT. FROM OVER $1 MILLION **

LAST CHANCE ONLY A FEW REMAIN

Credit Manor Heights, one of Bramptons most successful neighbourhoods is

almost complete. Take advantage of this final opportunity to own a luxury home

close to Highways 401 and 407, which conveniently connect you to the entire GTA.

Miss

issau

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Queen St. West

Financial Dr.

Port HopeHollowOlivia Marie Rd.

401

407

Steeles Ave. West

SALES

CENTR

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MODELHOMES

410

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Financial Dr.

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Olivia Marie Rd.

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407

Steeles Ave. West

SALESCENTRES

MODELHOME

410

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*Limited time offer. Conditions may apply. **Limited quantities available to qualified purchasers. Price and information correct at press time. Some lots may have premiums. E. & O. E. Ask sales representative for details.

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19


//IN THE NEWS

Great Gulf presents Wellspring Chinguacousy with a $200,000 donation to support people living with cancer

GTA home builder Great Gulf recently presented Wellspring Chinguacousy with $200,000 to support people living with cancer in Brampton and the surrounding communities. Attending the presentation at Wellspring Chinguacousy was Mayor Linda Jeffrey, Regional Councillor Gael Miles, Christina Smith, Chief Executive Officer, Wellspring Cancer Support Foundation and Christopher Wein, President, Great Gulf.

From left to right: Mayor Jeffrey; Christopher Wein, President, Great Gulf; Christina Smith, Chief Executive Officer; Regional Councillor Gael Miles

Great Gulf has been building master-planned communities

for four decades

We are so thankful for the corporate support we receive from companies like Great Gulf, says Smith. With no core government funding, Wellspring Chinguacousy relies on donations from the generous Brampton community to continue to provide cancer support programs and services to people living with cancer and their loved ones, free of charge. Last year, Wellspring Chinguacousy had 6,721 program visits, and since opening its doors in 2008, it has provided support to over 3,400 people living with cancer.

Great Gulf has been building master-planned communities for four decades in Canada and the U.S. With a deep commitment to corporate social responsibility, we stay connected to the communities we build by participating in local initiatives, says Wein. We are proud to be involved in Wellspring Chinguacousy, knowing that this community-based support centre plays a significant role in providing important programs to improve the physical and psychological well-being of those and their families touched by cancer.

CASTLEMORE CROSSING, bRAMpTON

Sales office hours: Sat. & Sun. 11am - 6pm Mon.-Thurs. 1 - 8pm Closed Fri. Prices and specifications subject to change without notice. E. & O.E. Illustrations are artists concept. All square footages are approximate. Actual usable space varies from stated floor area.

28 Detached Homes Now Open Castlemore Rd. and Highway 50

SAlES OffICE241 Trade Valley Drive, Brampton (905) 851-6693

34 and 38 ft. Detached1,700 - 2,460 sq. ft. from

$680s

Theres good, and Theres greaT gulf.

Castlemore Rd.

Queen St. (Hwy. 7)

Gorew

ay Rd.

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site

salescentre

Hw

y 27

Islington Ave.

Hw

y. 427

Hw

y. 50

Mount Albert Rd.

Green lane

Bathurst St.

leslie St.

Davis Dr.

site

Hw

y. 40

4

Yonge St.

Old Yonge St.

Hw

y. 11

hILLSbOROuGh, hOLLANd LANdING

36, 40 and 45 ft. Detached1,815 - 3,600 sq. ft.

cOMinG sOOn!

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wESTFIELd, bRAMpTON

SAlES OffICE: 8540 Mississauga Road, Brampton (905) 866-6876

Townhomes1,595 - 1,865 sq. ft. from

$490s

Bovaird Dr.

Queen St.

Steeles Ave.

Chinguacousy R

d.

Mississauga R

d.

Hwy. 407

Traditional freehold Townhomes at Mississauga Rd. and Steeles

021-Great Gulf 08-22-15.indd 23 2015-08-17 12:32 PM

21

//IN THE NEWS

Great Gulf presents Wellspring Chinguacousy with a $200,000 donation to support people living with cancer

GTA home builder Great Gulf recently presented Wellspring Chinguacousy with $200,000 to support people living with cancer in Brampton and the surrounding communities. Attending the presentation at Wellspring Chinguacousy was Mayor Linda Jeffrey, Regional Councillor Gael Miles, Christina Smith, Chief Executive Officer, Wellspring Cancer Support Foundation and Christopher Wein, President, Great Gulf.

From left to right: Mayor Jeffrey; Christopher Wein, President, Great Gulf; Christina Smith, Chief Executive Officer; Regional Councillor Gael Miles

Great Gulf has been building master-planned communities

for four decades

We are so thankful for the corporate support we receive from companies like Great Gulf, says Smith. With no core government funding, Wellspring Chinguacousy relies on donations from the generous Brampton community to continue to provide cancer support programs and services to people living with cancer and their loved ones, free of charge. Last year, Wellspring Chinguacousy had 6,721 program visits, and since opening its doors in 2008, it has provided support to over 3,400 people living with cancer.

Great Gulf has been building master-planned communities for four decades in Canada and the U.S. With a deep commitment to corporate social responsibility, we stay connected to the communities we build by participating in local initiatives, says Wein. We are proud to be involved in Wellspring Chinguacousy, knowing that this community-based support centre plays a significant role in providing important programs to improve the physical and psychological well-being of those and their families touched by cancer.

From Bowmanville to Niagara-on-the Lake, every detail of every

Averton home is created with the highest regard for design integrity

and value. Offering inspired townhomes from the high $200s to

breathtaking suites over $1 million, Averton has a home designed for you.

AVER-MUL-A-AD-NHC-AUG11-3.indd 1 8/13/15 4:33 PM

Averton.caLearn more @ Follow us onPrices and specifications are subject to change without notice. E. & O.E. Renderings are artists concept.

An incredible new selection of Brownstone Townhomes including Coach Towns, Garden Towns, and Urban Towns.From the 280s

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Signature quality and design

Superb selection of quick move-in ready suites in this spectacular completed boutique condominium. From the low $300s

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Three luxurious condominium villas offering suites ranging from 890 sq.ft to 1,560 sq.ft in historic Kleinburg village.From the low $600s to over $1 million

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Charming detached homes and bungalows with easy access to miles of trails winding down to the waterfront.From the low $400s

AVER-MUL-A-AD-NHC-AUG11-3.indd 2 8/13/15 4:33 PM028-029-Averton-Corp 08-22-15.indd 28 2015-08-17 12:32 PM

22








Pickering



Etobicoke


Kleinburg


Mount Albert




From the low $600s


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Pickering



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From the low $600s


Niagara-on-the-Lake

Bowmanville



23


//COMMUNITY FOCUS

GRAND OPENING OF DESIGNER-DECORATED FURNISHED HOMES AT VALLEYLANDSA new collection of 41- and 50-ft. furnished homes released near Queen Street West and Chinguacousy Road

W hen driving along Chinguacousy Road in southwest Brampton, one gets the feeling that theyre in the midst of a very special community. Its a place where the valleys of the Credit River offer a breathtaking outdoor playground of lush green parkland. Its in the heart of this exquisite neighbourhood that Fieldgate Homes has created one of Bramptons finest family communities, Valleylands of the Credit River.

A new collection of 41- and 50-ft. furnished homes have just been released, and they are for sale! They are located near Queen Street West and Chinguacousy Road in west Brampton. Also, there are other inventory homes with closings available in as little as 90 days, and 45-ft. singles available at Valleylands. For those looking to move in soon, Valleylands current inventory homes run from 2,010 to 2,944 sq. ft. and start from the mid $600s. Its never been easier to come home to Valleylands! ...continued on pg 26

FIELDGATE HOMES | Valleylands

Spacious and stylish, the Yorks highly functional floorplan is optimized for modern family living.

LOCATION West Brampton

HOUSING TYPE 38, 41-, 45- and 50-ft. singles

CONTACT 905.457.0445 fieldgatehomes.com

025-Fieldgate-Multi 08-22-15.indd 23 2015-08-17 12:32 PM

25



One of the fi nest off erings from Valleylands is the 45-ft., 3,310-sq.-ft., double-car garage, four-bedroom York Elevation B. Th e York off ers a spectacular front elevation featuring large windows and a covered porch. Inside, the stylish foyer opens on to a large open-concept living and dining room with coff ered ceiling. Just down the hall is the stunning gourmet kitchen, complete with breakfast bar, servery, walk-in pantry and sliding patio doors. Adjoining the kitchen is a generously sized family room with gas fi replace. On the opposite side of the family room is a charming library with optional French doors opening to the backyard. Th e second fl oor features a master suite complete with a spacious walk-in closet and spa-like ensuite featuring his and hers sinks, oval tub and separate shower. Home purchasers also have the option of including a private master retreat with optional gas fi replace

//COMMUNITY FOCUS...continued

York3,276-sq.-ft. Elevation A/3,310-sq.-ft. Elevation B with five-bedroom option

The York offers a spectacular front elevation featuring large windows and a covered porch. Inside, the stylish foyer opens on to a large open-concept living and dining room with coffered ceiling.

in the master suite, or having the convenience of a den that opens to the main hallway. At the top of the stairs, home purchasers will be pleased to fi nd an upstairs laundry room. Bedrooms two and three share access to an ensuite and bedroom four has access to its own private ensuite. Priced from the upper $700s, this luxurious model is a triumph of elegance and sophistication.

For most families, school is a top priority, so its nice to know that Valleylands is ideally situated to take advantage of many of Bramptons wonderful educational facilities. A new elementary school is now under construction right in the Valleylands community thats projected to be ready for the September 2015 school year, and Queen Street elementary school and Sir William Gage middle school are just a short walk north of the community. Th ere are also a number of public and Catholic primary and secondary schools within a short distance.

In addition to excellent proximity to schools, Valleylands is also in a great location to take advantage of a whole host of other lifestyle amenities. Th e Heartland Town Centre is only fi ve minutes away, off ering major retailers such as Best Buy, Home Depot and Costco. Nearby Erin Mills Town Centre, Trinity Common Mall and Bramalea City Centre also off er wonderful selections of shops and restaurants. For those in search of live entertainment, theres the Rose Th eatre, off ering a year-round calendar of musical and theatrical performances. Golfi ng enthusiasts will be impressed with the great selection of golf courses within a short driving distance, and the commute to Toronto is a breeze with Hwys. 401 and 407 just minutes away.

For more information, call 905.457.0445 or visit eldgatehomes.com

027-Senator 08-22-15.indd 23 2015-08-17 12:32 PM



One of the fi nest off erings from Valleylands is the 45-ft., 3,310-sq.-ft., double-car garage, four-bedroom York Elevation B. Th e York off ers a spectacular front elevation featuring large windows and a covered porch. Inside, the stylish foyer opens on to a large open-concept living and dining room with coff ered ceiling. Just down the hall is the stunning gourmet kitchen, complete with breakfast bar, servery, walk-in pantry and sliding patio doors. Adjoining the kitchen is a generously sized family room with gas fi replace. On the opposite side of the family room is a charming library with optional French doors opening to the backyard. Th e second fl oor features a master suite complete with a spacious walk-in closet and spa-like ensuite featuring his and hers sinks, oval tub and separate shower. Home purchasers also have the option of including a private master retreat with optional gas fi replace

//COMMUNITY FOCUS...continued

York3,276-sq.-ft. Elevation A/3,310-sq.-ft. Elevation B with five-bedroom option

The York offers a spectacular front elevation featuring large windows and a covered porch. Inside, the stylish foyer opens on to a large open-concept living and dining room with coffered ceiling.

in the master suite, or having the convenience of a den that opens to the main hallway. At the top of the stairs, home purchasers will be pleased to fi nd an upstairs laundry room. Bedrooms two and three share access to an ensuite and bedroom four has access to its own private ensuite. Priced from the upper $700s, this luxurious model is a triumph of elegance and sophistication.

For most families, school is a top priority, so its nice to know that Valleylands is ideally situated to take advantage of many of Bramptons wonderful educational facilities. A new elementary school is now under construction right in the Valleylands community thats projected to be ready for the September 2015 school year, and Queen Street elementary school and Sir William Gage middle school are just a short walk north of the community. Th ere are also a number of public and Catholic primary and secondary schools within a short distance.

In addition to excellent proximity to schools, Valleylands is also in a great location to take advantage of a whole host of other lifestyle amenities. Th e Heartland Town Centre is only fi ve minutes away, off ering major retailers such as Best Buy, Home Depot and Costco. Nearby Erin Mills Town Centre, Trinity Common Mall and Bramalea City Centre also off er wonderful selections of shops and restaurants. For those in search of live entertainment, theres the Rose Th eatre, off ering a year-round calendar of musical and theatrical performances. Golfi ng enthusiasts will be impressed with the great selection of golf courses within a short driving distance, and the commute to Toronto is a breeze with Hwys. 401 and 407 just minutes away.

For more information, call 905.457.0445 or visit eldgatehomes.com


//IN THE NEWS

Canadian home sales edge lower but still strong in July

Canadian home sales activity edged slightly lower on a month-over-month basis in July 2015, according to new statistics from The Canadian Real Estate Association (CREA).

The number of home sales processed through the MLS systems of Canadian real estate boards and associations declined by 0.4 per cent in July 2015, compared to June. While this marks the second consecutive monthly decline, sales activity in May, June and July reached their highest monthly levels in more than five years.

July sales were down from the previous month in about half of all local markets, led by declines in Hamilton-Burlington and in the Durham Region of the Greater Toronto Area. The monthly decline in sales for these two markets represents a pullback from record levels in June and likely reflects an insufficient supply of listings. By contrast, sales in Newfoundland and Labrador were up most on a month-over-month basis, marking a rebound from a quiet month of June for the province.

National sales activity remains solid, fuelled by strength in British Columbia and the Greater Toronto Area, where listings are in short supply or trending that way, says CREA President Pauline Aunger. That said, markets elsewhere across Canada are largely well balanced and in some cases have an ample supply of listings.

Its fair to say that the strength of national sales is still a story about two cities, but its equally about how trends there are spreading out in their respective provinces, says Gregory Klump, CREAs chief economist. Trends in British Columbia and Ontario have a big influence on the national figures, since they account for about 60 per cent of national housing activity. As a result, the national picture reflects how demand is running high for the short supply of single-family homes in and around the GTA while the balance between supply and demand is tightening in BCs Lower Mainland. These remain

the only places in Canada where home prices are growing strongly.

Calgary continued to post the largest year-over-year declines in sales compared to last years record levels, though activity there is still running roughly in line with five- and 10-year averages for sales during the month of July.

Year-over-year price growth picked up in July for all benchmark home types tracked by the MLS Home Price Index. Two-storey single-family homes continued to post the biggest year-over-year price gains (8.2 per cent), with comparatively more modest increases for one-storey single family homes (4.9 per cent), townhouse/row units (4.5 per cent) and condo units (2.9 per cent).

Greater Vancouver (11.2 per cent) and the GTA (9.4 per cent) continue to post the largest year-over-year price increases. Price gains in Calgary continued to slow, with a year-over-year increase of just 0.14 per cent in July the smallest gain in nearly four years.

Home prices were up from July 2014 levels by just under two per cent in Greater Montreal and by just under one per cent in Ottawa. Prices fell by about 3.5 per cent in Regina and by about 1.5 per cent in Greater Moncton.

The national average home price continues to be upwardly distorted by sales activity in Vancouver and Toronto, which are among Canadas most active and expensive housing markets. If these two markets are excluded from calculations, the average is a more modest $341,438 and the year-over-year gain is reduced to 4.1 per cent.

Year-over-year price growth picked up in July for all benchmark home types tracked by the MLS Home Price Index.

029-Fieldgate-Paradise 08-22-15.indd 23 2015-08-17 12:32 PM


//TAXING ISSUES

by HENRY CHOO CHONG

HENRY CHOO CHONG, CGA, sits on many

committees and provides accounting and tax

services to individuals and businesses in the GTA. He can be reached at

416.485.5225. Questions to Taxing Issues can

be emailed to [email protected]

First-time buyers BUY WHEN YOURE READY AND ABLE

Q This year, my wife and I would like to get into our first home. We have saved almost $80,000 for a down payment. This was three years of eating at home, once per week dine out and no vacations. Movies and pub nights were out, with the odd exception. Although the real estate market has changed, homes are pricier than three years ago. Is this the right time to buy? Or should we wait it out? Steve and Kathy, North York

A The Canadian real estate landscape, though it has experienced challenges in some areas and housing types, is proving resilient. Experts do not foresee a U.S. style crash, but a decline in sales with moderate price increases is likely for some areas. Quick flips and fast returns may be a thing of the past.

First-time homebuyers should not try to time the market, but buy when you are ready and able. Leave market timing to the experts, if such a thing is possible. A home used as your primary residence is a great investment. From a financial and tax perspective, there are at least three good reasons.

In Canada, the sale of a family home is tax-free. A home that is a principal residence that is subsequently sold at a higher price than initially purchased, will be exempt from income taxes. Thats right, Stephen Harper will not share in your good fortune. Secondly, pay yourself first, not a landlord. For many, mortgage payments are a way of forced savings. It makes more economic sense to fatten your pocket than a landlord. Thirdly, you can decorate and enjoy the home as you please. No money saved, but gratifying to the soul.

However, before venturing out into the land of homeownership, it would be prudent to do some homework. There were recent changes introduced by the federal finance ministry that affect mortgages and the housing industry:

Buy what you can afford Many times, the heart is bigger than the pocketbook. Know what price range is comfortable and try not to deviate.

Get the best interest rate and terms Shop around for the best rate and terms. Financial institutions want your business more than you need them. A half point rate differential can cost you thousands. So can a mortgage that is closed or not portable

Big down payment Put down as much as possible to avoid a high-ratio mortgage. Be aware of some recent changes to mortgage rules, such as:

Purchasers requires mortgage insurance (CMHC) for less than 20 per cent down payment

Amortization period reduced from 30 to 25 years. Could add several hundred dollars to monthly payments

Gross Debt Service Ratio (GDS) 39 per cent. Banks use this to determine what you can afford based on gross income to housing costs. Check if you are on-side.

First-time homebuyers Should make sure monthly mortgage payments are manageable and will continue to be so even if interest rates rise as early as next year and payments increase

Closing costs Set aside an additional two to three per cent of purchase price of the house for closing such as, Land Transfer Tax, legal costs and unwelcome surprises. You do not want get caught short several thousand dollars on closing day in order to complete the deal. Speak to a real estate lawyer and he or she will give you some ideas

HST, Land Transfer Tax Under certain circumstances, first-time homebuyers can qualify for Toronto Land Transfer Tax and HST rebates. Remember, you pay 13 per cent HST on new homes, not resales. If youre buying a new home, check if HST is included in price quoted. What happens to the HST rebate? Who gets it?

Home Buyers Plan (HBP) Use your Registered Retirement Savings Plan (RRSP) as part of the down payment. An individual and their spouse, provided they qualify, may withdraw up to $25,000 each, tax-free, from their RRSPs. You then have 15 years to repay the amounts to your RRSP, starting after the second year of your withdrawal.

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031-Starlane 08-22-15.indd 23 2015-08-17 12:32 PM

31

//TAXING ISSUES

by HENRY CHOO CHONG

HENRY CHOO CHONG, CGA, sits on many

committees and provides accounting and tax

services to individuals and businesses in the GTA. He can be reached at

416.485.5225. Questions to Taxing Issues can

be emailed to [email protected]

First-time buyers BUY WHEN YOURE READY AND ABLE

Q This year, my wife and I would like to get into our first home. We have saved almost $80,000 for a down payment. This was three years of eating at home, once per week dine out and no vacations. Movies and pub nights were out, with the odd exception. Although the real estate market has changed, homes are pricier than three years ago. Is this the right time to buy? Or should we wait it out? Steve and Kathy, North York

A The Canadian real estate landscape, though it has experienced challenges in some areas and housing types, is proving resilient. Experts do not foresee a U.S. style crash, but a decline in sales with moderate price increases is likely for some areas. Quick flips and fast returns may be a thing of the past.

First-time homebuyers should not try to time the market, but buy when you are ready and able. Leave market timing to the experts, if such a thing is possible. A home used as your primary residence is a great investment. From a financial and tax perspective, there are at least three good reasons.

In Canada, the sale of a family home is tax-free. A home that is a principal residence that is subsequently sold at a higher price than initially purchased, will be exempt from income taxes. Thats right, Stephen Harper will not share in your good fortune. Secondly, pay yourself first, not a landlord. For many, mortgage payments are a way of forced savings. It makes more economic sense to fatten your pocket than a landlord. Thirdly, you can decorate and enjoy the home as you please. No money saved, but gratifying to the soul.

However, before venturing out into the land of homeownership, it would be prudent to do some homework. There were recent changes introduced by the federal finance ministry that affect mortgages and the housing industry:

Buy what you can afford Many times, the heart is bigger than the pocketbook. Know what price range is comfortable and try not to deviate.

Get the best interest rate and terms Shop around for the best rate and terms. Financial institutions want your business more than you need them. A half point rate differential can cost you thousands. So can a mortgage that is closed or not portable

Big down payment Put down as much as possible to avoid a high-ratio mortgage. Be aware of some recent changes to mortgage rules, such as:

Purchasers requires mortgage insurance (CMHC) for less than 20 per cent down payment

Amortization period reduced from 30 to 25 years. Could add several hundred dollars to monthly payments

Gross Debt Service Ratio (GDS) 39 per cent. Banks use this to determine what you can afford based on gross income to housing costs. Check if you are on-side.

First-time homebuyers Should make sure monthly mortgage payments are manageable and will continue to be so even if interest rates rise as early as next year and payments increase

Closing costs Set aside an additional two to three per cent of purchase price of the house for closing such as, Land Transfer Tax, legal costs and unwelcome surprises. You do not want get caught short several thousand dollars on closing day in order to complete the deal. Speak to a real estate lawyer and he or she will give you some ideas

HST, Land Transfer Tax Under certain circumstances, first-time homebuyers can qualify for Toronto Land Transfer Tax and HST rebates. Remember, you pay 13 per cent HST on new homes, not resales. If youre buying a new home, check if HST is included in price quoted. What happens to the HST rebate? Who gets it?

Home Buyers Plan (HBP) Use your Registered Retirement Savings Plan (RRSP) as part of the down payment. An individual and their spouse, provided they qualify, may withdraw up to $25,000 each, tax-free, from their RRSPs. You then have 15 years to repay the amounts to your RRSP, starting after the second year of your withdrawal.


//COVER STORY

STARLANE PROUDLY PRESENTS three 5-star communities across the GTA

C onsistently designing outstanding neighbourhoods in premier locations, Starlane Home Corp. is known for its master-planned communities. The company is proud to present five-star locations in Oakville, Caledon and Brampton, three of Ontarios greatest places to live. Boasting convenience as well as beautiful craftsmanship, each community has been built with your needs in mind.

The first of these impressive communities is Woodland Trails. Only moments from downtown Oakville, at the corner of Dundas and Neyagawa, Woodland Trails features beautifully designed townhomes in a spectacular

location. These quality homes are available up to 2,644 sq. ft., with prices starting from $589,900.

Oakville is filled with plenty of dining options, championship golf courses and breathtaking landscapes. To optimize convenience, this community has been strategically placed near highways, connecting residents with the rest of the GTA.

Starlane always selects brilliant locations, which is evident in another one of its current communities, Lotus Pointe in Caledon. Located near Hwy. 10 and Old School Road, Lotus Pointe showcases impeccably designed, single-detached homes on 38-ft. lots. Starting from $635,900, homebuyers have a wide selection of models ranging up to 2,977 sq. ft. Situated near valleylands, nature is part of the community in Lotus Pointe. Close to Hwy. 410, Starla

gta new home guide - aug 22, 2015

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