gta new home guide - jan 19, 2013
DESCRIPTION
A Wall2Wall PublicationTRANSCRIPT
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Jan 19 - Feb 2, 2013 Volume 21 Issue 02
INSIDE THIS ISSUE
HOME BUILDING AND JOB GROWTH
416 OR 905:WHERE TO BUY?
NEW-HOME SALESMAKE BIG COMEBACK
001-NHGTA_01-19-2013.indd 1 1/14/13 3:57:54 PM
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KING RD
MAJOR MACKENZIE
MAJOR MACKENZIE
RUTHERFORD RD
HWY 7
HWY 407
15TH SIDEROAD
HW
Y 2
7
HW
Y 4
00
YO
NG
E S
T
KE
EL
E S
T
NORTH
SALESOFFICE
Make your move at aspenridgehomes.com
Sales O
ffice H
ours: M
onday Thursday 1pm 8pm
, Friday C
losed, Saturd
ay Sund
ay 11am 6p
m
A
spen Ridge H
omes. P
rices and specifications are subject to change. See sales representative for details. A
ll Rights R
eserved. E.&
O.E
. January 2013. 20164.F
ollo
w u
s on
:M
ake your m
ove at
aspenridgehomes.com
ASpen Ridge new HOme FindeR
Brampton
Credit manor Heights NOW OPEN Mississauga Rd. & Steeles Ave. Towns from $400s Singles from $600s 905.216.5155
King City
King Oaks NEW RElEASE MikE NivEN MOdEl East side of keele St., south of king Rd. 60', 70' & 80' Singles from $1.1 million 905.539.0181
Kleinburg
Kleinburg Hills SAlES OFFiCE NOW OPEN Hwy. 27 & Major Mackenzie dr. 40, 50 & 60 lots Singles from $800s 647.921.0381
markham
Upper Cornell MOdEl HOME NOW OPEN Northeast corner of 9th line & Bur Oak Semis & Singles from the mid $490s 905.554.3446
nobleton
King Country estates NEW RElEASE TWO MikE NivEN MOdElS East side of Hwy. 27 just north of king Rd. Singles from $780s 905.558.0255
QUEEN ST.
MA
VIS
RD
.
MIS
SIS
SA
UG
A R
D.
STEELES AVE.
HWY 407
SALESOFFICE
NORTH
KING VAUGHAN ROAD
HWY 7
HWY 407
KING ROAD
KE
EL
E S
TR
EE
T
HW
Y 4
00
DU
FF
ER
IN S
TR
EE
T
SALESOFFICE
NORTHBUR OAK AVE.
SIXTEENTH AVE.
CORNELL PARK AVE.
9T
H L
INE
HW
Y 4
04
CA
RD
RE
W S
T.
HWY 7
SALESOFFICE
NORTH
KING ROAD
HWY 7
HWY 407
ZENWAY
15TH SIDEROAD
HW
Y 2
7
HW
Y 4
27
HW
Y 4
00
:(3,:6--0*,46+,3/64,:
NORTH
Stay ahead of the curve with moto at Kettle Lakes Club. Moto is a revolutionary new community
capturing the very best of urban downtown design, integrated gracefully into the natural beauty of the
Oak Ridges Moraine. if you love the sleek beauty and clean lines of modern design and have been
longing for a non-traditional approach to a townhome community, kettle lakes Club is precisely what
youre looking for. Discover urban perfection today.
Modern Executive Townhomes starting from the mid $500s.
presentation Centre
Bayview and
Bethesda Sideroad
Richmond Hill
289.231.2849
distinctive. dynamic.Unlike any other.
mOdeRn tOwnS On BAyview
motoNOW OPEN
We wish you a happy and healthy new year.
ASP 20164 New Years MOTO New Homes DPS 13.indd 1-2 13-01-02 5:04 PM
-
KING RD
MAJOR MACKENZIE
MAJOR MACKENZIE
RUTHERFORD RD
HWY 7
HWY 407
15TH SIDEROAD
HW
Y 2
7
HW
Y 4
00
YO
NG
E S
T
KE
EL
E S
T
NORTH
SALESOFFICE
Make your move at aspenridgehomes.com
Sales O
ffice H
ours: M
onday Thursday 1pm 8pm
, Friday C
losed, Saturd
ay Sund
ay 11am 6p
m
A
spen Ridge H
omes. P
rices and specifications are subject to change. See sales representative for details. A
ll Rights R
eserved. E.&
O.E
. January 2013. 20164.F
ollo
w u
s on
:M
ake your m
ove at
aspenridgehomes.com
ASpen Ridge new HOme FindeR
Brampton
Credit manor Heights NOW OPEN Mississauga Rd. & Steeles Ave. Towns from $400s Singles from $600s 905.216.5155
King City
King Oaks NEW RElEASE MikE NivEN MOdEl East side of keele St., south of king Rd. 60', 70' & 80' Singles from $1.1 million 905.539.0181
Kleinburg
Kleinburg Hills SAlES OFFiCE NOW OPEN Hwy. 27 & Major Mackenzie dr. 40, 50 & 60 lots Singles from $800s 647.921.0381
markham
Upper Cornell MOdEl HOME NOW OPEN Northeast corner of 9th line & Bur Oak Semis & Singles from the mid $490s 905.554.3446
nobleton
King Country estates NEW RElEASE TWO MikE NivEN MOdElS East side of Hwy. 27 just north of king Rd. Singles from $780s 905.558.0255
QUEEN ST.
MA
VIS
RD
.
MIS
SIS
SA
UG
A R
D.
STEELES AVE.
HWY 407
SALESOFFICE
NORTH
KING VAUGHAN ROAD
HWY 7
HWY 407
KING ROAD
KE
EL
E S
TR
EE
T
HW
Y 4
00
DU
FF
ER
IN S
TR
EE
T
SALESOFFICE
NORTHBUR OAK AVE.
SIXTEENTH AVE.
CORNELL PARK AVE.
9T
H L
INE
HW
Y 4
04
CA
RD
RE
W S
T.
HWY 7
SALESOFFICE
NORTH
KING ROAD
HWY 7
HWY 407
ZENWAY
15TH SIDEROAD
HW
Y 2
7
HW
Y 4
27
HW
Y 4
00
:(3,:6--0*,46+,3/64,:
NORTH
Stay ahead of the curve with moto at Kettle Lakes Club. Moto is a revolutionary new community
capturing the very best of urban downtown design, integrated gracefully into the natural beauty of the
Oak Ridges Moraine. if you love the sleek beauty and clean lines of modern design and have been
longing for a non-traditional approach to a townhome community, kettle lakes Club is precisely what
youre looking for. Discover urban perfection today.
Modern Executive Townhomes starting from the mid $500s.
presentation Centre
Bayview and
Bethesda Sideroad
Richmond Hill
289.231.2849
distinctive. dynamic.Unlike any other.
mOdeRn tOwnS On BAyview
motoNOW OPEN
We wish you a happy and healthy new year.
ASP 20164 New Years MOTO New Homes DPS 13.indd 1-2 13-01-02 5:04 PM001-Aspen-Corp 01-19-13.indd 1 1/14/13 12:26:20 PM
-
PAGE 54
Henry Choo Chong:Long term view
ASPEN RIDGE HOMES Kettle Lakes Clubon Bayview aphenomenal success
p. 32cover story
contentsJan 19 - feb 2, 2013 || voLume 21 issue 02
24 36
52 56
community focus features
24 MARKHAM Fieldgate HomesInventory sale at Potters Bend 30-ft. singles under construction
36 MARKHAM Madison HomesLast chance to make Greensborough your home
52 bramptonMattamy HomesRing in the new year with a big January sale at Salisbury Square
56 MONOBrookfield HomesFind your dream home at Brookfield Homes Fieldstone
002-003 TOC_AY-WK.indd 2 1/15/13 3:27:57 PM
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18 40
2216
community focus features regular and special featuresin every issue
4 editors note 10 contributors 86 hot dates 94 ad index columnists
14 LegaLLy speaking The importance of offer review by Jayson Schwarz
18 biLd report Increasing job numbers point to our industry by Bryan Tuckey
40 the mortgage minute Not all lines of credit are created equal by Peter Kinch
54 taxing issues Taking a long-term view of your new home by Henry Choo Chong
70 market research October new-home sales make a big comeback by Lloyd Martin and Mark Jin
74 home search 416 or 905 a buyers tug of war by Anthony Jong
96 fundamentaLLy speaking Its never too early to begin your tax planning by Wayne Karl
homebuyers help
22 buiLder perspectives Home entertainment systems keep step with modern lifestyles
87 resource section Mortgage Calculator and Rate Table
91 gta hot sheet Two pages of new openings, new releases and preview registrations
in the news
16 brookfieLd homes a finalist for CHBA Marketing Excellence Award
28 chba names finalists for 2012 National SAM Awards
38 skyLine internationaL Skyline to acquire interest in Blue Mountain Village
84 economy Torontos economy tops in the country: CIBC
002-003 TOC_AY-WK.indd 3 1/15/13 3:28:01 PM
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e d i t o r s n o t e
Were approaching February already a period we often associate with blahs, but also a month worth celebrating, given that its the shortest of the year, and March and spring soon follow. And while the deadline for 2012 Registered Retirement Savings Plan contributions isnt until March 1, and April 30 for ling your 2012 income tax return, perhaps we need to start thinking of February in a different light altogether.
Indeed, coming up in our two February issues is our Tax Matters content; the idea was to explore this topic in advance of ling deadlines, to help readers learn about opportunities to take advantage of while they still can.
But, heeding the advice of experts, perhaps tax time should instead be a year-round task. From making regular RRSP contributions to comparing RRSPs and tax-free savings accounts to learning of the various credits available, tax planning for some is as necessary as the inevitable taxes themselves.
Preparing as best you can throughout the year might help minimize the sting come deadline time and help you learn to embrace the opportunities to save, not just fear what you have to pay.
Wayne Karl EDITORWall2Wall Media, [email protected]
Follow me on Twitter at Twitter.com/WayneKarl Like us on Facebook. Search: New Home Guide
Tax time embrace itPreparing for this unsavoury topic earlier helps reduce the sti ng at deadline ti me
What rules your new-home choice?Lifestyle increasingly in uenti al for buyers
New-home buyers are often driven by different in uences, but theres no doubt lifestyle is an increasingly important factor. Whether youre considering a home near the beach, a golf course or a city penthouse or pied--terre, youre likely looking to compensate for what you dont have in your current residence.
The amount of living space is usually the issue either too much or too little. Most young families are looking for more living space, which is why builders are designing homes with interiors that maximize every square foot of living space to make the most of your money.
As we get older, the quest for living space may take a different direction. Downsizing is usually the answer, although many homeowners with existing homes in suburban or rural areas are acquiring townhomes or pied--terres in the city. An urban location gives owners and their friends a chance to enjoy the social and cultural activities of the city without having to drive for hours to get home.
In todays hectic world, your new home will be your retreat, so its important to nd is to nd a home that suits your needs and lifestyle. In this issue, we pro le new communities which offer the perfect place to put up your feet, plus the latest industry news and features about buying and owning a new home.
Enjoy!
Susan Legge EDITOR-IN-CHIEFWall2Wall Media,[email protected]
Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook. Search: New Home Guide
4 NEW HOME GUIDE GTA | JAN 19 - FEB 2, 2013
004 Editors page_AY-WK.indd 4 1/15/13 3:28:07 PM
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ballantryhomes.comPrices and specifications are subject to change without notice. E.&O.E.
dreamsWe build
AVID RATINGS CANADA
Ballantry Homes recipient of the
2012 AVID BENCHMARK AWARD
TOP 25% FOR CUSTOMER
EXPERIENCE NATIONWIDE
REGISTER NOW!A collection of Urban Townhomes and
Mid Rise Condominiums coming soon to Oakville
BRAMPTON
NEW RELEASESemi-Detached and Detached Homes
surrounded by valley lands
905-457-3698
SEMI DETACHED
DETACHED
$370sSTARTING FROM THE HIGH $500sSTARTING FROM THE LOW
MARKHAM
905-294-0221
REGISTER ONLINE
FOR PHASE 6 RELEASECOMING SOON!
SOLD OUTPHASE 5
BALT-MUL-A-AD-NHC-DEC13-1.indd 1 12-12-13 10:47 AM
005-Ballantry-Multi 01-05-13.indd 5 1/14/13 12:26:26 PM
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menkes.com
Where will your life storey take you?
menkes.com
Long before the communities are built, we start with an ideal to create the best lifestyle
experience in that neighbourhood, thereby raising the standard for the entire community. Its
how weve built an unrivaled reputation as an innovative builder over the last 50 years.
And weve earned that reputation one storey at a time.
Prices and specifications are subject to change. E.&O.E. January 2013. 19484
Your life storey starts here.
Coming SoonHUMBER MEWS
TownsBrowns Line & Evans Ave.,
EtobicokeRegister at menkes.com
416.642.8955
Now Under ConstructionSOMERSET SOUTH
Durhams Model Home of the Year37' & 42' Detached Homes
Salem Rd. N. & Williamson Dr. E., Ajax
Starting from $469,990Visit us at menkes.com
905.428.0500
Coming SoonDWELL CITY TOWNS
TownsNorth of Burnhamthorpe Rd.off the West Mall, Etobicoke
Register at menkes.com416.642.8955
Now Under ConstructionMILLSTONE ON THE PARK
Urban Towns Now PreviewingModern Towns Now Under ConstructionDundas St. W., east of Bronte Rd., Oakville
Starting from the low $300sVisit us at menkes.com
905.825.3619
Now PreviewingTHE ENCLAVES OF UPPER CANADA
Semi Links & 30' Detached HomesGuelph St. & MacFarlane Dr.,
Georgetown
Starting from the low $400sVisit us at menkes.com
289.891.9103
Now OpenBLOOM PARK TOWNS
Design Forward TownhomesBathurst St. & Finch Ave., North York
Starting from the low $300sVisit us at menkes.com
416.730.1600
facebook.com/MenkesLife @MenkesLife
MEN 19484 NEW HOMES DPS Ad Oct 12.indd 1-2 13-01-11 2:13 PM
6 New home guide gTA | jan 19 - feb 2, 2013
006-007 Menkes-Corp 01-19-13.indd 6 1/14/13 12:26:29 PM
-
menkes.com
Where will your life storey take you?
menkes.com
Long before the communities are built, we start with an ideal to create the best lifestyle
experience in that neighbourhood, thereby raising the standard for the entire community. Its
how weve built an unrivaled reputation as an innovative builder over the last 50 years.
And weve earned that reputation one storey at a time.
Prices and specifications are subject to change. E.&O.E. January 2013. 19484
Your life storey starts here.
Coming SoonHUMBER MEWS
TownsBrowns Line & Evans Ave.,
EtobicokeRegister at menkes.com
416.642.8955
Now Under ConstructionSOMERSET SOUTH
Durhams Model Home of the Year37' & 42' Detached Homes
Salem Rd. N. & Williamson Dr. E., Ajax
Starting from $469,990Visit us at menkes.com
905.428.0500
Coming SoonDWELL CITY TOWNS
TownsNorth of Burnhamthorpe Rd.off the West Mall, Etobicoke
Register at menkes.com416.642.8955
Now Under ConstructionMILLSTONE ON THE PARK
Urban Towns Now PreviewingModern Towns Now Under ConstructionDundas St. W., east of Bronte Rd., Oakville
Starting from the low $300sVisit us at menkes.com
905.825.3619
Now PreviewingTHE ENCLAVES OF UPPER CANADA
Semi Links & 30' Detached HomesGuelph St. & MacFarlane Dr.,
Georgetown
Starting from the low $400sVisit us at menkes.com
289.891.9103
Now OpenBLOOM PARK TOWNS
Design Forward TownhomesBathurst St. & Finch Ave., North York
Starting from the low $300sVisit us at menkes.com
416.730.1600
facebook.com/MenkesLife @MenkesLife
MEN 19484 NEW HOMES DPS Ad Oct 12.indd 1-2 13-01-11 2:13 PM
jan 19 - feb 2, 2013 | New home guide gTA 7
006-007 Menkes-Corp 01-19-13.indd 7 1/14/13 12:26:29 PM
-
Mise en place is something that every professional kitchen demands. It means
Everything in place. Its a principle we practice when designing our Mattamy Kitchens.
We start with an efficient work triangle and then add the features that make it easy to cook, enjoy
each others company and dine.
In many Mattamy kitchens youll find a pantry for dry or canned goods, a chefs desk for meal
planning and an island or breakfast bar for meal prep and morning chit chat.
A Mattamy Kitchen is a great place to start the day and regroup at the end of the day.
All illustrations are artists concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.
Presentation Centre Hours: Monday to Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm
mattamyhomes.com
Mise En Place.
Save Up To $20,000 On Select Detached Homes & $8,000 On Select Townhomes Right Now!
Townhomes From $266,990
Detached Homes From $364,990
Bovaird Dr./Hwy.7
Village Home, Plan 2, Elev. F, 1,197 Sq.Ft., $287,990 Now $274,990
For The Month Of January Only Receive $50,000 In Design Centre
Upgrades On Spring Closing Select 30' & 36' Detached Homes.
Townhomes From $286,990
Detached Homes From $394,990Bovaird Dr./Hwy.7
Steeles Ave.
McL
augh
lin
Rd. S
.
Sales Office
30' WideLot Home, Plan 6, Elev. E, 1,749 Sq.Ft., $449,990 Now $437,990
Today, You Can Save $20,000 On Select Detached Homes In Cornell.
These Select Homes Include Granite Kitchen Countertops & Hardwood On Main Floor.
Townhomes From $392,990
Detached Homes From $597,990
16th Ave.
Corn
ell Cen
tre
Blv
d.
SalesCentre
Mar
kh
am R
d.
9th
Lin
e
HWY 7
HWY 407
36' Home, The Arlington, Elev. B, 1,945 Sq.Ft., $621,990 Now $601,990
Village Suites From $219,990
Village Homes From $281,990
Urban Walk-Ups From $224,990
Townhomes From $274,990
Today Experience A New Way To Live In Hawthrohe Village,
4-Storey Village Suites.
Time Is Running Out To Enjoy Life In Seaton Creekside. Today Save
$20,000 Off Select Townhomes & Urban Walk-Ups.
We Invite You To Experience Our High Watermark Community,
The Preserve In Oakville.
Sales Office
Jam
es S
now
Par
kway
Tra
falg
ar
Win
ston
Chu
rchi
ll
Derry Rd. E
To QEW
4th
Lin
e
Tru
deau
Dr.
Hwy 407
Hwy 401
Hwy 7
Taunton Road
SalesCentre
Kingston Road
Broc
k Ro
ad
Village Home, The Moonseed End, Elev. B, 1,278 Sq.Ft., $311,990
Elev. B
Urban Townhome, Plan 3, Elev. B, 1,447 Sq.Ft., $305,990 Now $285,990
Elev. B
Sales/DesignCentre
QEW
Hwy 5
4th
Lin
e
3rd
Lin
e
Bro
nte
Hw
y 403
ON THE PARK
OAKV ILLE
PRESERVETHE
Freehold Townhome From $354,990
Detached Homes From $604,990
38' Home, The Lavender, Elev. C, 2,708 Sq.Ft., $727,990
OAKVILLEMARKHAM PICKERINGBRAMPTON MILTONBRAMPTON
Elev. F
GTA_NH&Cdps_(all-sites)Jan.5.indd 1 12-12-21 9:28 AM
008-009-Mattamy-Corp 01-19-13.indd 8 1/14/13 12:26:34 PM
-
Mise en place is something that every professional kitchen demands. It means
Everything in place. Its a principle we practice when designing our Mattamy Kitchens.
We start with an efficient work triangle and then add the features that make it easy to cook, enjoy
each others company and dine.
In many Mattamy kitchens youll find a pantry for dry or canned goods, a chefs desk for meal
planning and an island or breakfast bar for meal prep and morning chit chat.
A Mattamy Kitchen is a great place to start the day and regroup at the end of the day.
All illustrations are artists concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.
Presentation Centre Hours: Monday to Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm
mattamyhomes.com
Mise En Place.
Save Up To $20,000 On Select Detached Homes & $8,000 On Select Townhomes Right Now!
Townhomes From $266,990
Detached Homes From $364,990
Bovaird Dr./Hwy.7
Village Home, Plan 2, Elev. F, 1,197 Sq.Ft., $287,990 Now $274,990
For The Month Of January Only Receive $50,000 In Design Centre
Upgrades On Spring Closing Select 30' & 36' Detached Homes.
Townhomes From $286,990
Detached Homes From $394,990Bovaird Dr./Hwy.7
Steeles Ave.
McL
augh
lin
Rd. S
.
Sales Office
30' WideLot Home, Plan 6, Elev. E, 1,749 Sq.Ft., $449,990 Now $437,990
Today, You Can Save $20,000 On Select Detached Homes In Cornell.
These Select Homes Include Granite Kitchen Countertops & Hardwood On Main Floor.
Townhomes From $392,990
Detached Homes From $597,990
16th Ave.
Corn
ell Cen
tre
Blv
d.
SalesCentre
Mar
kh
am R
d.
9th
Lin
e
HWY 7
HWY 407
36' Home, The Arlington, Elev. B, 1,945 Sq.Ft., $621,990 Now $601,990
Village Suites From $219,990
Village Homes From $281,990
Urban Walk-Ups From $224,990
Townhomes From $274,990
Today Experience A New Way To Live In Hawthrohe Village,
4-Storey Village Suites.
Time Is Running Out To Enjoy Life In Seaton Creekside. Today Save
$20,000 Off Select Townhomes & Urban Walk-Ups.
We Invite You To Experience Our High Watermark Community,
The Preserve In Oakville.
Sales Office
Jam
es S
now
Par
kway
Tra
falg
ar
Win
ston
Chu
rchi
ll
Derry Rd. E
To QEW
4th
Lin
e
Tru
deau
Dr.
Hwy 407
Hwy 401
Hwy 7
Taunton Road
SalesCentre
Kingston Road
Broc
k Ro
ad
Village Home, The Moonseed End, Elev. B, 1,278 Sq.Ft., $311,990
Elev. B
Urban Townhome, Plan 3, Elev. B, 1,447 Sq.Ft., $305,990 Now $285,990
Elev. B
Sales/DesignCentre
QEW
Hwy 5
4th
Lin
e
3rd
Lin
e
Bro
nte
Hw
y 403
ON THE PARK
OAKV ILLE
PRESERVETHE
Freehold Townhome From $354,990
Detached Homes From $604,990
38' Home, The Lavender, Elev. C, 2,708 Sq.Ft., $727,990
OAKVILLEMARKHAM PICKERINGBRAMPTON MILTONBRAMPTON
Elev. F
GTA_NH&Cdps_(all-sites)Jan.5.indd 1 12-12-21 9:28 AM
008-009-Mattamy-Corp 01-19-13.indd 9 1/14/13 12:26:34 PM
-
vice-president, wall2wall Media
Jacqueline Hill
sales Manager new HoMe guide gta, new condo guide, HoMe dcor & renovations
Conni Robinson
associate publisHer, new HoMe & condo guide swo, lifestyle coMMunities
Susan Maxwell
editor-in-cHief, national real estate
Susan Legge
editor
Wayne Karl
art director
Julie Yoo
contributing editors
Janine Druery, Elisa Krovblit, Silvana Longo, Lydia McNutt (on leave), Sara Duck (on leave)
senior account executive
Nina Downs [email protected]
senior account executive
Dionne Fraser [email protected]
sales & Marketing co-ordinator
Terry Bassett
distribution & sales co-ordinator
Jennifer Bistron
adMinistrative assistant
Antoinette Jackson
production Manager
Bala Gnanapandithan
production co-ordinator
Sandra Hanak-Vujnovic
grapHic designers
Alexander Yakubovich, Sandra Hanak-Vujnovic
national account Manager, Mediative Paul Slizys
publisHed by
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copyrigHt 2013 All rights reserved by New Home Guide, Toronto, Ontario, Canada. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.
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Market researcH lloyd MartinLloyd Martin is principal with Trimart Research Corp., with 30 years in the business. His industry knowledge and professional experience leads the Trimart team to provide exceptional service and sales results. He can be reached at 905.660.7788
Market researcH Mark JinMark Jin is market research manager at Trimart Research Corp. He can be reached at 905.660.7788 or [email protected]
upgrades anthony JongAnthony Jong BA (Hons), M. Arch. is a broker and contributor to Wall2Wall Medias Chinese Home and Condo Guide. He graduated with a Master of Architecture degree from U of T and specializes in residential homes, condos and commercial properties. You can reach him at [email protected], anthonyjong.ca and 416.836.2821.
contributorsnew HoMe guide
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, cga
Henry Choo Chong is a certified general accountant. Henry sits on many committees and provides accounting and tax advice to individuals and businesses in the GTA. Send your tax questions via email to Taxing Issues at: [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
tHe Mortgage Minute peter kinch Peter is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action PlanVisit peterkinch.com or contact him at [email protected]
10 new HoMe guide gta | jan 19 - feb 2, 2013
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Sales office located at the S/E corner of Cornell Centre Boulevard and 16th Ave. Open Monday to Thursday from 1 to 8 p.m.; Friday by appointment only; Weekends and Holidays from 11 a.m. to 6 p.m.
Renderings are artists concept.* Specifi cations are subject to change without notice. E. & O. E. See Sales Representative for details.
Corn
ell C
entr
e Bl
vd.
cornellrouge.com 905-472-9556
Freehold Townhomes featuring 2 master bedrooms - each with a Semi-Ensuite
Freehold Townhomes featuring Semis and Singles on 30, 36 & 40 lotswith attached garages
Semis and Singles on 30, 36 & 40 lots
NEWRELEASE
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DONT MISS OUT! Discover why over families have made Cornell Rouge their new-home community of choice.
800
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l e g a l l y s p e a k i n g
Jayson Schwarz LL.M. is a Toronto real estate lawyer and senior partner in the law firm Schwarz Law LLP. If you have a topic in
mind, email [email protected] and give us your questions, concerns, critiques
and quandaries.
One Of the mOst seriOus issues facing a homebuyer and it doesnt matter whether you buy a house, apartment, townhouse, new or resale, is the Agreement of Purchase and Sale or Offer. Over the last few months Ive had a number of people bring me their Offer long past the time when they can have a lawyer comment on it, and they were stuck with the terms and extra expense. Lets review a couple of things.
CondoMiniuMS The Condominium Act provides that you have 10 days from the date you receive the disclosure state-ment and the date you receive an Agreement of Purchase, executed by the builder, to rescind the deal. This gives you an opportunity to see your lawyer, get suggestions, changes and explanations, and then within the 10 days, return to the sales office and negotiate for those important items that are usually left open.
new freehoLd hoMeS, reSaLe hoMeS and reSaLe CondoS No time is allowed after you sign, unless you have ensured that there is a schedule or clause making the transaction conditional for a given period of time on your lawyers review and approval, or other conditions.
Here are a number of items, primarily for new homes, to look out for so you have an idea, but recognize this is not a comprehensive list, just a sampling:
01. Hydro and water installation and subdivision charges get written maximums put in;
02. Development charges and levies get deleted or written maximums;
03. The vendors lawyers Law Society Levy get it deleted you pay yours, they can pay theirs;
offer reviewby Jayson schwarz
04. Driveways they say it is paved, does that mean base and finish coat or only a base coat?;
05. Damage deposits get a maximum and make sure there is a process for obtaining a refund;
06. Mortgage clauses are you stuck with the builders mortgage and terms? is there a clause requiring you to accept the builders
lawyers undertaking to discharge the mortgage without a discharge statement or direction to pay funds to the lender?
is the builder trying to make you pay to obtain partial discharges of a blanket mortgage;
07. Condos do you own your parking and storage locker or is it only exclusive use?;
08. Ensure you get a chance to review the status certificate and any reserve fund issues;
09. Survey who pays? When do you get it?10. Extensions how long? Have you selected your option
under Tarion for new homes?11. Title is there a clause that says you have to accept
the builders undertaking to give you a deed if one is not available on closing;
12. What about home inspection and inspections prior to closing?;
13. Ensure you are getting the appliances and fixtures you think you are.
There are many more issues that arise in an Agreement of Purchase and Sale or Offer. This document is the most important in the whole process because it sets the rules for you and the vendor. This becomes critically important when you realize that you need independent legal advice that will properly help you deal with this document. Only a lawyer can do this.
Perhaps the most difficult part of writing these ar-ticles relates not to the actual writing, but thinking of a topic to address. Visit schwarzlaw.ca or email your ques-tions, concerns, critiques and quandaries to [email protected]. I will try to deal with them in print or electronic form.
THE IMPORTANCE OF
14 new hoMe guide gTa | jan 19 - feb 2, 2013
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www.schwarzlaw.ca
BRAMPTON Office10 Wilkinson Rd. Unit 22
Brampton, Ontario L6T 5B1
905.455.5777Toll free: 1. 888.609.8888
fax 905.452.8135
YOU NEED A LAWYER
BUYING, SELLING OR REFINANCING
A HOME?
Quality legal services at the right price*
$849plus HSTKONsTANTiNe chATzidiMOs JAysONschWARzToronTo office
1984 yonge st.,Toronto, Ontario M4s 1z7
416.486.2040Toll free: 1.888.609.8888 fax 416.486.3325
Helping YOU make your home buying dream a reality
*Certain Terms and Conditions shall apply. Full disbursement disclosure. 15
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Brookfield Homes (ontario) ltd. has been named a finalist for the Cana-dian Home Builders Association Market-ing Excellence Award. The award recog-nizes the new home builder whose single project combines the best overall achieve-ments in marketing. The award will be presented as part of the CHBAs National Conference on March 8 in Lake Louise.
In addition to this award, Brookfield was also named a finalist for the best project signage/logo as well as the best brochure for Pathways, its master-planned community in Caledon East. Pathways is a picturesque well-balanced community of towns and singles featuring two parks and a pond and has several pathways con-necting the community to enjoy nature at its finest.
We are delighted to have Pathways nominated for this prestigious Canadian Award. Pathways has been an overwhelm-ing success since its opening and we are proud of the design, construction and quality of this community. We extend our sincere thanks to our consultants, trades and staff for all of their contributions, says Marc Thibault, vice-president of sales and marketing at Brookfield Homes.
About Brookfield HomesBrookfield Homes (Ontario) Ltd., a member of Brookfield Residential, is committed to being more than a homebuilder. We are dedicated to creating the best places to call home through an ongoing commitment to quality, design and customer service which has earned the company several highly coveted industry recognitions. Brookfield has built more than 25,000 homes in Ontario since 1956 and has active communities in Alliston (Treetops), Bowmanville (BrookHill), Bradford (Grand Central), Brantford (Grand Valley Trails), Caledon East (Pathways), Mono (Fieldstone) and Niagara-On-The-Lake (The Village). For more information, visit BrookfiledHomes.ca
The award recognizes the
new home builder whose single project combines the
best overall achievements in
marketing.
i n t h e n ew s
NAMEd A FINALIsT FOR CHBA MARkETING ExCELLENCE AWARd
Brookfield Homes
16 New Home guide gTA | jan 19 - feb 2, 2013
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by Bryan Tuckey
b i l d r e p o r t
Bryan Tuckey is President and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta),
Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and
BILDs official online blog (bildblogs.ca).
I often say that thIs Industry is the glue that keeps our provinces economy together. I truly believe it has been one of the strongest economic con-tributors over the last decade, if not longer. I was pleased to see the latest employment numbers released by Statistics Canada, pointing to the construction industry as a major contributor to the fourth job increase in five months.
According to a Statistics Canada report, employment rose by 40,000 across the nation in December, and the declining employment rate is at its lowest in four years. Construction jobs rose by 18,000 in December across Canada, the report states, and the industry has shown steady growth throughout the year.
In Ontario, specifically, the number of full-time jobs increased across a number of industries, but the Statistics Canada reports point directly to the construction industry as a top employer.
We are awaiting final 2012 numbers, but we know that in 2011, there were
Increasing job numbers
193,000 jobs created in new home construc-tion, renovation and related fields in the GTA. Those jobs generated $10 billion in wages that later appeared as purchases across the local economy.
I would argue that this number doesnt take all of the spin-off jobs into account, which are difficult to calculate. The analysis is complicated by the fact that the type of construction project from a home renova-tion to a townhome complex to a 400-unit condominium community will produce a different economic ripple effect.
With a home renovation, economic impact is greatest within about a 100-ki-lometre radius, since most businesses operate locally and buy equipment and product locally as well. In the lowrise sector of our industry, typically 200 people will work on a single home, and in the highrise sector, each crane represents 300 to 500 jobs for about four years. You probably have neighbours, friends or family in the indus-try, because many fields of work bring a home from plan to reality.
All of this to say that our industry meets the demand of selling and building an average of 35,000 to 40,000 new homes annually, so that the 100,000 people who come to the GTA every year have a place to live.
The provincial forecasts tell us that by 2031, well have 3.7 million more people living in the Greater Golden Horseshoe and we will have to accommodate 1.8 million more jobs. Our industry is meeting this challenge by planning, designing and building complete communities where people can live, work and play. It takes a lot of people to make it happen and its a lot of hard work, but were up to the task.
pOInT TO Our InDuSTrY
The provincial forecasts tell us that by 2031, well have 3.7 million more people living in the Greater Golden Horseshoe and we will have to accommodate 1.8 million more jobs.
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BILD 2012 HOME BUILDER OF THE YEARCHBA 2011 GRAND SAM AWARD WINNER
~Est. 1977~
Prices and specifications are correct at press time and subject to change without notice. All illustrations are artists concept. The ENERGY STAR mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. E.&O.E.
STOUFFVILLEExciting Urban Towns
in Cardinal Point
STOUFFVILLELuxury Condominium Living
On Main Street
BALLANTRAEAn Exclusive Enclave of
Luxury Singles
geraniumhomes.com
2 Decorated Models
Manor Homes on 1-acre lots on the Oak Ridges Moraine
From Just Over $1.2 Million
BALLANTRAE905.642.1900
2 Decorated Models
Luxury 2-Storey Detached Singles on 38 & 42 Lots
From $569,900
STOUFFVILLE905.640.9999
3 Decorated Models
All-new Bungalows on 42 & 48 Lots
From $259,900
PORT HOPE905.885.0555
2 Decorated Models
Semi-Link & Fully Detached Bungalows & Bungalow Lofts
From $289,900
WOODSTOCK519.290.3466
COMING SOON - REGISTER TODAY!
Since 1977 award winning Geranium Homes continues to do what the company does best design and build quality homes in some of the finest, most desirable neighbourhoods across the province.
Geranium neighbourhoods are more than just collections of homes. They're inviting family-friendly places with space enough to grow, live and enjoy life to the fullest.
See for yourself why value-conscious families today more than 7000 and counting continue to come
home to Geranium Homes.
makeGREAT
NEIGHBOURSGREAT
COMMUNITIES!
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BILD 2012 HOME BUILDER OF THE YEARCHBA 2011 GRAND SAM AWARD WINNER
~Est. 1977~
Prices and specifications are correct at press time and subject to change without notice. All illustrations are artists concept. The ENERGY STAR mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. E.&O.E.
STOUFFVILLEExciting Urban Towns
in Cardinal Point
STOUFFVILLELuxury Condominium Living
On Main Street
BALLANTRAEAn Exclusive Enclave of
Luxury Singles
geraniumhomes.com
2 Decorated Models
Manor Homes on 1-acre lots on the Oak Ridges Moraine
From Just Over $1.2 Million
BALLANTRAE905.642.1900
2 Decorated Models
Luxury 2-Storey Detached Singles on 38 & 42 Lots
From $569,900
STOUFFVILLE905.640.9999
3 Decorated Models
All-new Bungalows on 42 & 48 Lots
From $259,900
PORT HOPE905.885.0555
2 Decorated Models
Semi-Link & Fully Detached Bungalows & Bungalow Lofts
From $289,900
WOODSTOCK519.290.3466
COMING SOON - REGISTER TODAY!
Since 1977 award winning Geranium Homes continues to do what the company does best design and build quality homes in some of the finest, most desirable neighbourhoods across the province.
Geranium neighbourhoods are more than just collections of homes. They're inviting family-friendly places with space enough to grow, live and enjoy life to the fullest.
See for yourself why value-conscious families today more than 7000 and counting continue to come
home to Geranium Homes.
makeGREAT
NEIGHBOURSGREAT
COMMUNITIES!
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In mId-2012, I was Introduced to Omar Ales, national sales manager of Yamaha Canada Music Ltd. (yamaha.ca). Following a very interesting conversation about the home entertain-ment industry, I consulted with interior designer Bryon Patton, to incorporate a digital piano into one of our three new model homes we were working on in The Village at Sally Creek adult lifestyle community in Woodstock.
People of all ages and at all stages of life are purchasing digital pianos for their homes, and we felt this was the ideal opportunity to demonstrate how easily the new Yamaha models can blend like furniture pieces into homes designed for downsiz-ing buyers. What also struck me as unique was the fact that they actually function as a complete music entertainment system, one that does not require tuning or regular maintenance and is not sensitive to humidity and temperature fluctuations as a tra-ditional acoustic piano.
People today want their home entertainment products to be both multi-functional and aesthet-ically pleasing which has greatly affected our in-dustry, says Ales. He pointed out options such as playing CDs, onboard music lessons, karaoke and recording functions as ways the company has aug-mented its digital pianos.
We discussed the challenges builders face to design new homes and condominiums that make the most efficient use of space. When people move
bu i l d e r p e r s p e c t i v e s
A Yamaha Clavinova digital piano is a beautiful addition to Geraniums furnished model home.
Home entertainment systemskeeP STeP WITH MODern LIFeSTYLeS
from a larger home into a smaller space, they dont want to compromise their lifestyle. He explained that Yamaha is addressing this trend by introduc-ing models that can be accommodated in modest room sizes. Our Arius, Clavinova and MODUS lines have slimmer, sleeker models designed to fit into smaller living spaces and some models even transform into a table surface when not in use. The addition of multi-function features has gener-ated a broader base of interest.
When we discussed prices, I expected to hear that buying a new digital piano could be a sizeable investment, but was happy to learn that the prices are quite affordable: the least expensive, which has 88 fully weighted keys like an acoustic piano, actually starts at less than $700. Of course, if one has the inclination and the bank account to match, Yamahas top of the line models with all the bells and whistles can be purchased for $250,000.
Just as a new-home buyer benefits from pur-chasing from a builder with years of experience behind them, so does the consumer who chooses a product from a company with 125 years in man-ufacturing pianos, researching and developing home audio systems, stereos and other electronic and digital components.
This is part of a series of articles on topics of inter-est to new-home buyers, authored by Sue Webb Smith, marketing director for Geranium Homes.
22 New Home Guide GTA | jan 19 - feb 2, 2013
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Y O U R S T A R H O M E B U I L D E R 5
*Limited quantities available to qualified purchasers. Prices & information correct at press time. Maps not to scale. Lots may have premiums. All illustrations reflect artist impression E.O. & E. Ask a sales rep. for details.
starlanehomes.com/starlanehomes /starlanehomes
WELCOMET O A P L A C E C A L L E D
H O M E
BRAMPTON - Country living with all the amenities you need at your doorstep
BRAMPTON - New Release of lots in a highly desirable neighbourhood
UP TO $10,000 IN FREE UPGRADES*
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38 & 47 SINGLES
38, 47 & 50 SINGLES
from $519,900*
from $569,900*
MISSISSAUGA - Beautiful homes in an established neighbourhood
STOUFFVILLE - A great location, offering the best value in the GTA
19th Ave.
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UP TO $7,500 IN FREE UPGRADES*
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INCLUDES 4 FREE APPLIANCES FOR THE CAPRI SERIES
from $451,900*30 36 40 SINGLES
UP TO $6,000 IN FREE UPGRADES*
FREEHOLD TOWNS SEMIS
from $529,900*
SALES CENTRE HOURS: Monday - Thursday: 1 pm - 8 pm Friday: Closed Saturday, Sunday & Holidays: 11am - 6pm
Brittannia Rd. West
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SALES CENTRE
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NEWMARKET - The perfect small town community with big city amenities
41 SINGLES FINAL RELEASE
Vivian Dr.Mulock Dr.
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SALESCENTRE
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iew
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404
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With construction well underway at Potters Bend, potential home-buyers are scrambling to take advantage of last-minute inven-tory sales pricing in this popular Markham community. Potters Bend is one of Fieldgate Homes most celebrated communities.
Ideally situated at 16th Avenue and McCowan Rd., Potters Bend is located in a beautiful, established neighbourhood setting. Shopping, schools, golf courses, places of worship and more are close at hand, offering residents every convenience. Hwys. 404 and 407 are nearby and homeowners have easy access to public transportation, including GO Transit, just minutes away.
At Potters Bend, people have the opportunity to live in a very desirable Markham neighbourhood, in homes with great finishes that are affordable,
c o m m u n i t y f o c u s
fieldgate homes Potters Bend
C O N T I N U E D O N pa g E 2 6 . . .
Markham
location
30-ft. singles, attached at the garage
housing type
905.294.3125 fieldgatehomes.com
contact
Inventory sale at Potters Bend 30-FT. SInGleS nOW undeR COnSTRuCTIOn AT
MARkHAMS POTTeRS Bend move in march 2013
the most popular feature of this stunning model is the second floor balcony located off the upstairs hallway, which adds to its architectural appeal.
24 new home guide gta | jan 19 - feb 2, 2013
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says Jim Andrews, director of sales and marketing for Fieldgate Homes.
Currently on sale at Potters Bend are six inventory 30-ft. singles (attached at the garage) now under construc-tion. Homes range in size from 1,715 to 2,119 sq. ft., with prices ranging from $574,990 to $623,990. In addition to these inventory units, there is also a good selection of lots remaining from the current release with december 2013 closings available.
These homes feature all brick or brick and stone exte-riors, displaying intricate architectural detailing including keystones and soldier coursing. Some models feature second floor balconies and most homes come with large front porches. Architecturally controlled exterior colour pack-ages ensure the most pleasing streetscapes throughout the community. Interiors are equally impressive and are as beautiful as they are functional. All homes come with three-in. by .75-in. natural prefinished oak hardwood flooring on the main floor, as well as 13-by-13-in. ceramic tile flooring
in the foyer, kitchen and bathrooms.Other standards include nine-ft. main floor ceilings,
natural oak staircases, gas fireplace in the family room, three-piece rough-ins for a bathroom in the basements and cold cellars with steel insulated doors. luxurious master ensuites feature oval soaker tubs and separate shower stalls. A generous bonus package offers granite kitchen counter-tops and 8,000 dcor dollars to customize your home.
Fieldgate Homes state-of-the-art dcor centre is located just 10 minutes from Potters Bend. On-site pro-fessional decorators are on hand to help Purchasers with their selections of finishes and lend their expertise in helping new homeowners design their dream homes.
Visit the sales centre today to take advantage of this in-credible inventory purchasing opportunity before its too late. Call 905.294.3125 to speak with a sales representa-tive or visit fieldgatehomes.com to review the spacious floorplans.
c o m m u n i t y f o c u s | C O N T I N U E D
the 2,119-sq.-ft. inventory model whieldon elevation B
features four bedrooms and a great open-concept main floor plan, perfect for entertaining.
26 new home guide gta | jan 19 - feb 2, 2013
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Its the feeling Rosehaven designs into some of the most unique and desirable homes in Southern Ontario. Homes that are as unique as you are. So choose Rosehaven and every time you step
through the front door youll say, I am happy, I am comfortable I am home!
rosehavenhomes.com (1-888 / 416) 410-0175For directions, hours, community information, visit:
Prices and specifi cations correct at press time. E. & O.E. Prices quoted are in $ thousands except for Kleinburg pricing.
Chippawa / Niagara - Lyons CreekNew 35 bungalow loft towns & 50 singles from the low $300s.
Lyons Creek Blvd. & Sodom Rd. East of the QEW
Thorold - Gibson HeightsModel home inventory release! Towns, semis & attached
singles from the $240s. Plus 45, 40 & 36 lots from $300s.Richmond St. & Winterberry Blvd., South of Hwy. 58
Ancaster - Tiffany HillLuxury stone, stucco & brick detached homes
on 45 lots from the $460s and 4 models to tour!Garner Rd. E. & Raymond Rd. East of Hwy. 6
Brampton - Mount PleasantNew 20 towns plus 25 attached singles. Detached homes on 30, 38, and 41 lots
On Mississauga Rd., North of Bovaird Rd.
Kleinburg - Platinum Home CollectionHomes of Distinction from $1.3M to over $1.8M
KleinburgHeritageEstates.comHwy 27, North of Nashville Rd.
Nobleton - King Country EstatesElegantly appointed detached homes on
63, 56 & 50 lots from the $780s.Hwy 27 & Park Heights Tr., North of King Rd.
27
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i n t h e n ew s
CHBA nAmes 2012 National Sam Award Finalists
White eagle Homes Ltd., edmonton: The Blue Diamond, Allar Estates
SINGLE ATTACHED HOMES Citta Construction Ltd.,
saanichton, BC: The Pointe, Phase 3, Sunriver Estates
Lucchetta Homes Ltd., Welland, Ont.: The Abbey, Ryans Walk
Prominent Homes Ltd., Calgary: 50th Avenue Infill, Altadore
Rinaldi Homes (niagara) Inc., st. Catharines, Ont.: Unit #2 Old Mill Lane - Old Mill Lane
starward Homes, Hamilton: The Bungalows of Ancaster
Custom HomesSINGLE DETACHED HOME UNDER 2,500 SQUARE FEET Cochren Homes Ltd.,
Oakville, Ont. Discovery Dream Homes Ltd.,
Peterborough, Ont. Linwood Homes Ltd.,
Youngs Point, Ont. maric Homes Ltd., Winnipeg Rooftight Construction Ltd., Fall
River, ns
SINGLE DETACHED HOME BETWEEN 2,500 TO 4,000 SQUARE FEET Coastal Construction, sidney, BC northern sky Developments Ltd.,
martensville, sask. Thomas Cochren Homes,
Waterdown, Ont. Timberworx Custom Homes,
Fergus, Ont. Tony Ferkul Construction Group,
mississauga, Ont.
SINGLE DETACHED HOME OVER 4,000 SQUARE FEET Bachly Construction, Bolton, Ont. Camelot Homes Ltd., Qualicum
Beach, BC Coastal Construction, sidney, BC Crystal Creek Homes Ltd.,
Calgary mcKinley masters, Calgary
ThE CAnADIAn hOME BUILDERS ASSOCIATIOn (ChBA) hAS announced the finalists for the 2012 CHBA national sAm Awards, presented by schlage and Trane.
The awards celebrate excellence in new homes, home renovation, innovative technology and construction, outstanding presentation and marketing across Canada. Twenty-three CHBA national sAm Awards will be presented at the Associations 70th national Conference on march 8 in Lake Louise.
This years sAm Award theme Awe speaks to the ingenuity, imagination and creativeness that drives new home builders, renovators and developers to build homes and communities that are truly awe-inspiring, says CHBA President Ron Olson. We take great pride in the achievements of our 2012 sAm Finalists.
The awards are given for projects of varying sizes in the following categories: new Home Awards (eight in total); Home Renovation Awards (five in total); and marketing Awards (six in total).
In addition, single awards are presented for marketing excellence; Green Home; Community Development; and, the Grand sAm, which recognizes the new homebuilder who demonstrates the highest level of excellence in both building and marketing.
Finalists for the 2012 national SAM awards:
NEW HOME AWARDSProduCtion HomesSINGLE DETACHED HOME UNDER 1,500 SQUARE FEET Homes by Avi - edmonton, sherwood Park, Alta: The Jacob Darcy Dixon
in Maple Crest Linwood Homes Ltd., Youngs Point, Ont.: Deerbay stepper Custom Homes Inc., Calgary: Cromwell, Copperfield sterling Homes (edmonton) Ltd., edmonton: Belvedere Whitestone Developments, Halifax: Lot 159 Olive, Thistle Grove
SINGLE DETACHED HOME BETWEEN 1,500 TO 2,200 SQUARE FEET Albi Homes Ltd., Calgary: The Armento in Riverstone of Cranston Lexis Homes, saskatoon: The View Lucchetta Homes Ltd., Welland, Ont.: The hillcrest, Timmsdale Estates Rinaldi Homes (niagara) Inc., st. Catharines, Ont.: The Riverside,
Courtland Valley Estates Trico Homes Inc., Calgary: The Desmond in Evanston
SINGLE DETACHED HOME OVER 2,200 SQUARE FEET Albi Homes Ltd., Calgary: The Carrara in Artesia at heritage Pointe Crystal Creek Homes Ltd., Calgary: The Westwood II, Aspen
Woods Estates skymark Contracting Ltd., Torbay, nL: Country Gardens Road stranville Living, Lethbridge, Alta.: Ayr, Couleecreek
28 NEW HOME GUIDE GTA | jan 19 - feb 2, 2013
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MULTI-FAMILY PROJECT Adera Development Corp.,
Vancouver: Breeze Adera Development Corp.,
Vancouver: seven35 Rohit Group of Companies,
edmonton: Essex at Callaghan Ravines
GREEN HOME AWARD Denim Homes Inc., Kentville, ns effect Home Builders Ltd.,
edmonton Landmark Group of Builders,
edmonton Rooftight Construction Ltd.,
Fall River, ns steve snider Construction Inc.,
sunderland, Ont. COMMUNITY DEVELOPMENT AWARD Adera Development Corp.,
Vancouver: seven35 Avi Urban, Calgary: Victoria
Cross Phase Two Bri-mor Developments, Calgary: West Grove Estates
empire Communities, Vaughan, Ont.: Wynfield (West)
Watermark Development LP, Calgary: Watermark at Bearspaw
HOME RENOVATION AWARDS KITCHEN Cochren Homes Ltd.,
Oakville, Ont.
Kon-strux Developments Inc., Calgary
nesbitt Originals and Okanagan Dream Builders, Kelowna, BC
RJR Construction management Ltd., Vancouver
The Caruk Group Inc., Toronto
ANY ROOM Cochren Homes Ltd.,
Oakville, Ont. Just Basements, Ottawa my House Design/Build Team Ltd.,
surrey, BC newcastle Homes, Calgary reVIsIOn Custom Home
Renovations Inc., Vancouver
WHOLE HOUSE UNDER $250,000 Haus of Lula Inc., Halifax Prominent Homes Ltd., Calgary RJR Construction management
Ltd., Vancouver sloot Construction Ltd., Arkell, Ont. The Caruk Group Inc., Toronto
WHOLE HOUSE BETWEEN $250,000 AND $500,000 eurodale Developments Inc.,
Toronto Lagois Drafting & Construction
Inc., north Gower, Ont. my House Design/Build Team Ltd.,
surrey, BC Oke Woodsmith Building systems
Inc., Grand Bend, Ont. Ultimate Renovations, Calgary
WHOLE HOUSE MORE THAN $500,000 Kelly Homes, Winnipeg malbec Homes & Renovations Inc.,
Calgary my House Design/Build Team Ltd.,
surrey, BC nesbitt Originals and Okanagan
Dream Builders, Kelowna, BC newcastle Homes,
Calgary
MARKETING AWARDSBEST PRINT AD Camrost Felcorp Inc., Toronto: Imperial Plaza Condominiums; Creative, concept and production: Montana Steele Strategic Marketing
empire Communities, Vaughan, Ont.: Eau Du Soleil Condominiums; Creative, concept and production: Montana Steele Strategic Marketing
Reids Heritage Homes, Vaughan, Ont.: heritage Lake Estates; Creative, concept and production: Montana Steele Strategic Marketing
Rosehaven Homes, Oakville, Ont.: Kleinburg heritage Estates; Creative, concept and production: McOuat Partnership
stepper Custom Homes Inc., Calgary: Passion Starts Early
The Essex at Callaghan by Rohit Communities
jan 19 - feb 2, 2013 | NEW HOME GUIDE GTA 29
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BEST DIRECT MAIL PROMOTION Camrost Felcorp Inc., Toronto: Imperial Plaza
Condominiums; Creative, concept and production: Montana Steele Strategic Marketing
Camrost Felcorp Inc., Toronto: The new Residences of Yorkville Plaza; Creative, concept and production: Montana Steele Strategic Marketing
Homes by Avi (Calgary) Inc., Calgary: 2012 Dream home Centennial Photo Contest; Creative, concept and production: Emerson Clarke Printing
sifton Properties Limited, London, Ont.: Riverbend Golf Community; Creative, concept and production: Vivid Creative Communications
signature Communities, maple, Ont.: Tao Boutique Condos; Creative, concept and production: Blackjet Inc.
BEST WEBSITE Celebration Homes Inc., edmonton Geranium Homes Ltd., markham; Creative, concept and
production: BIG - Builder Insight Group Karisma Build Group Inc., Fonthill, Ont. Oke Woodsmith Building systems Inc., Grand Bend,
Ont.; Creative, concept and production: Ecoworks Rinaldi Homes (niagara) Inc., st. Catharines, Ont.;
Creative, concept and production: VRB Internet Solutions
BEST PROJECT SIGNAGE AND LOGO Branthaven Homes, Burlington, Ont.: Origins;
Creative, concept and production: Toolbox Strategies Brookfield Homes (Ontario) Ltd., markham, Ont.: Pathways in Caledon East; Creative, concept and production: BAM Builder Advertising & Marketing Inc.
Geranium Homes Ltd., markham, Ont.: neighbourhoods of Cardinal Point
Rosehaven Homes, Oakville, Ont.: The Randall Residences; Creative, concept and production: McOuat Partnership
The Wycliffe Group Ltd., Thornhill, Ont.: Fairground Lofts in Old Woodbridge Village; Creative, concept and production: McOuat Partnership
BEST BROCHURE/KIT Brookfield Homes (Ontario) Ltd., markham, Ont.: Pathways in Caledon East; Creative, concept and production: BAM Builder Advertising & Marketing Inc.
Lindvest Properties Ltd., Downsview, Ont.: B.streets; Creative, concept and production: LA Inc.
Oke Woodsmith Building systems Inc., Grand Bend, Ont.: The Oke Woodsmith Design Collection
Rosehaven Homes, Oakville, Ont.: The Randall Residences; Creative, concept and production: McOuat Partnership
The Wycliffe Group Ltd., Thornhill, Ont.: Fairground Lofts in Old Woodbridge Village; Creative, concept and production: McOuat Partnership
BEST SALES OFFICE Albi Homes Ltd., Calgary: Aspen Summit Park Branthaven Homes, Burlington: Origins; Creative,
concept and production: Toolbox Strategies eastforest Homes Ltd., Kitchener, Ont.: The Design
Studio and Presentation Centre maric Homes Ltd., Winnipeg: Maric homes head
Office and Design Centre; Creative, concept and production: Lloyd Secter Architect
mattamy Homes Calgary Ltd., Calgary: Lakepointe; Creative, concept and production: Payne & Associates
MARKETING EXCELLENCE AWARD Branthaven Homes, Burlington, Ont.: Origins;
Creative, concept and production: Toolbox Strategies Brookfield Homes (Ontario) Ltd., markham, Ont.: Pathways in Caledon East; Creative, concept and production: BAM Builder Advertising & Marketing Inc.
empire Communities, Vaughan, Ont.: Eau Du Soleil Condominiums; Creative, concept and production: Montana Steele Strategic Marketing, Munge Leung Interior Design, E.I. Richmond Architects, Zeidler Partnership, MBTW Group
Lindvest Properties Ltd., Downsview, Ont.: B.streets; Creative, concept and production: LA Inc.
signature Communities, maple, Ont.: Tao Boutique Condos; Creative, concept and production: Blackjet Inc.
GRAND SAM AWARD Albi Homes Ltd., Calgary maric Homes Ltd., Winnipeg; Creative, concept and
production: Roth Marketing, Lloyd Secter Architect
MARKETING AWARDSBEST PRINT AD Camrost Felcorp Inc., Toronto, On: Imperial Plaza Condominiums;
Creative, concept and production: Montana Steele Strategic Marketing empire Communities, Vaughan, On: Eau Du Soleil Condominiums;
Creative, concept and production: Montana Steele Strategic Marketing Reids Heritage Homes, Vaughan, On: heritage Lake Estates;
Creative, concept and production: Montana Steele Strategic Marketing Rosehaven Homes, Oakville, On: Kleinburg heritage Estates;
Creative, concept and production: McOuat Partnership Stepper Custom Homes Inc., Calgary, AB: Passion Starts Early
The Essex at Callaghan by Rohit Communities
30 NEW HOME GUIDE GTA | jan 19 - feb 2, 2013
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CountryWideHomes.Ca | 905.907.1500
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In the fall, when Aspen Ridge held the preview opening of Kettle Lakes Club on Bayview Hill, the commu-nity was an immediate hit, and sales continue to be brisk at this much sought-after community. Aspen
Ridges innovative MOTO Modern Towns are striking just the right chord with buyers looking to live in an ideal Rich-mond Hill location, close to both nature and modern ame-nities. Nestled into the scenic Oak Ridges Moraine, in the midst of wooded terrain and kettle lakes, Kettle Lakes Club offers all of that, and more.
And Aspen Ridge gave careful thought to the townhome designs, so that they would complement both the natural surroundings and the modern architecture on the nearby Oak Ridges Community Centre. Residents will be able to stroll to this community resource to use its a six-lane leisure pool, water slide, gym and more. The townhome exteriors also feature a touch of downtown Toronto in their design, which creates the feel of a modern country club community.
Known for thinking outside the new-home box, Aspen Ridges refreshing MOTO Modern Towns designs offer two-storey, three-bedroom layouts that are created with the needs of todays busy professionals and families in mind. Interiors feature a main floor powder room, plus two baths on the second level. Master bedrooms include a sitting area
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Bethesda Sideroad, east of Bayview Avenue, west of Hwy. 404, open Monday to Thursday 1 to 8 p.m., Saturday, Sunday and holidays 11 a.m. to 6 p.m., closed Friday
32 new home guide gta | jan 19 - feb 2, 2013
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and one or two walk-in closets. The potential for flexibil-ity in how owners use the various rooms is phenomenal.
To fully appreciate the innovation and appeal of Aspen Ridges new townhome designs, visit the website and treat yourself to the virtual MOTO Modern Towns tour. Notice the clean, contemporary vistas these town-homes create as you meander along the winding streetscapes. Envision how com-fortably chic everyday living will be in the magnificently open interior, where the main floor includes a large central breakfast bar island with cabinets above
making it easy for the person doing the cooking to chat with guests or keep an eye on the kids. Check out the inviting bedrooms on the second floor and the generous outdoor area at the back of the townhome.
Visitors at Kettle Lakes Club are continually wowed by this communitys beautiful location, striking architecture and sumptuous appointments. This neighbourhood offers the perfect combination of urban and suburban surround-ings. In addition to being within walking distance to Lake Wilcox and Sunset Beach, Kettle Lakes Club is also just minutes to shopping, golf courses, entertainment and other
amenities. Homeowners can easily shop at Hillcrest Mall and the numerous retail shops along Yonge Street. Access to Hwys. 400 and 404, GO Transit and York Region Transit
is handy as well. Its the perfect address for people who like to be on the move in an urban area, yet still have a finger on the pulse of the natural world.
Kettle Lakes Club offers beauti-fully appointed townhomes in sizes from 1,640 to 2,142 sq. ft., with prices beginning from $524,990.
Providing quality luxury homes with exceptional customer service, award-
winning Aspen Ridge and its group of companies have been leaders in Canadian Construction for more than 50 years. A tradition of excellence, a wealth of expertise and a dedicated commitment to quality are what set Aspen Ridge apart.
The Kettle Lakes Club sales office is located on bethesda Sideroad, just east of Bayview Avenue, west of Hwy. 404. Hours are Monday to Thursday from 1 to 8 p.m., Saturday, Sunday and holidays from 11 a.m. to 6 p.m., closed Friday. Call 289.231.2849 or visit aspenridgehomes.com
aspen ridge homes Kettle Lakes Club
The potential for flexibility in how
owners use the various rooms is phenomenal.
jan 19 - feb 2, 2013 | new home guide gta 33
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Hours: Mon-Thurs. 1-8pm, Fridays by appointment, Sat., Sun. & Hol. 11am-6pm. *Specifications are subject to change without notice. E. & O. E. See Sales Representative for details.
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A true community is more than just a collection of homes its a neigh-borhood alive with a spirit and vibrancy all on its own. Come feel this vibrancy in Madison Homes master-planned community of Greensborough. Greensborough offers families all the amenities of an established well-planned family friendly community.
At Greensborough, Madison Homes has created a whole new hometown within a unique master plan. The neigh-bourhoods Town Centres main avenue is lined with charming shops, restaurants, services and approximately 30 live/work units. Strewn with parks, playing fields, woodlots and biking trails, its no wonder
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thousands have made Greensborough their community of choice. Ev-erything is nearby, from the Markham Stouffville Hospital, the Marks-ville Shopping Centre, the charming stores of Old Markham village and Main Street Unionville, public transportation, the Mount Joy Go Station and major thoroughfares.
With only a handful of new Greensborough detached homes remain-ing, dont miss out on your choice of 35- and 41-ft.-wide lots. The homes range in size from 1,883 to 2,860 sq. ft. and prices start from as low as $593,990. If you have a semi-detached home in mind, the 1,699-sq.-ft. Fieldstone is available for only a limited time at the reduced price of $486,990.
The homes at Greensborough offer generous floorplans and spec-tacular elevations that are sure to impress even the most discerning homebuyer. With beautiful all-brick exteriors featuring transom windows, inviting entrances and front porches, each Greensborough home gra-ciously complements its neighbour in both its architectural detailing and pleasing selection of colours.
MARIPOSA - 2,779 sq. ft.
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mAdiSoN homeS Greensborough
Even more impressive is whats behind the front door. Greensboroughs interiors offer family-friendly spaces such as a large open-concept gourmet kitchen infused with natural light and cathedral ceiling, an elegant dining/living room and a con-veniently located home office ideal for meetings. The second floor boasts a lavish master bedroom with a large his and her walk-in closet and ensuite featuring an oval tub and separate shower.
What makes the Greensborough com-munity even more desirable is that Madison is currently offering a limited-time inven-tory special of up to $25,000 off the price of all remaining Greensborough homes. Some homes are available with 90-day closings. Plus, this collection of homes also includes-at no additional charge-a number of exclusive luxury features, such as stained oak strip hardwood flooring on main and second floor, stained oak stairs, smooth ceilings on main and second floor, pot light package, granite kitchen coun-tertops, nine-ft. main floor ceilings, gas
fireplace and an elegant soaker tub in the master ensuite washroom.
Madison is also cur-rently offering its deco-rated model home on an extra deep lot for sale at Greensborough. The Poplar model is a fine example of the exquisite design available at Greens-borough, enhanced with a great selection of luxuri-ous upgrades. This house
has it all, so be the envy of all your friends and call this designer ap-pointed model home.
With this limited final selection of Greensborough homes remaining, visit the Greensborough sales centre, located in the model home at 4 Green Hollow Crt. on the northwest corner of Ninth Line and Bur Oak Avenue, north of 16th Avenue. Madison Homes sales office hours are Monday to Thursday from 1 to 8 p.m.; weekends and holidays from 11 a.m. to 6 p.m.; and Friday by appointment.
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jan 19 - feb 2, 2013 | New home guide gTA 37
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Skyline international Development inc. haS announced it will acquire a strategic retail and land develop-ment interest in Blue Mountain Village.
Skyline, a leading Toronto-based developer of hospitality properties and destination communities, has entered into a binding agreement of purchase and sale and will be investing $20 million to acquire both retail and undeveloped residen-tial land interests in and adjacent to Blue Mountain Village. The Village is at the base of Blue Mountain Resort which offers ski, golf and lodging.
Under the agreement, Skyline will acquire 50 per cent of existing commercial retail space within Blue Mountain Village from current owner Intrawest ULC. In addition, Skyline will manage the remaining 50 per cent of the Villages retail space. Skyline will also acquire the land to build an additional 20,000 sq. ft. of retail space to expand the Village retail.
Skyline will acquire all remaining developable land in and adjacent to the Village, and plans to double the current residential and condo-hotel footprint. The company plans to
i n t h e n ew s
SkyLIne To aCqUIRe InTeReST In
Blue Mountain Village
develop more than 1,200 residential and condo-hotel units, townhouses and single-family homes in the years ahead.
This agreement reinforces our vision to be the leader in the Canadian destina-tion-community industry, says Skyline Chairman and President Gil Blutrich.
With this acquisition, Skyline will become the largest owner of resort and destination communities in ontario. He says Skyline will now own properties in the provinces five fastest-growing hubs Toronto, Col-lingwood, Midland, Huntsville and Barrie
giving them 7,000 future residential units and homesites.
The anticipated closing date for the acquisition is late February 2013.
Blue Mountain Village and real estate development is an ideal fit for our organi-zation given Skylines experience as an owner and manager of other well-known ontario resort properties such as Deer-hurst and Horseshoe Resorts, says Skyline Ceo Michael Sneyd. This acquisition not only makes financial sense and aligns with our long-term growth strategy, but strengthens our market position and creates opportunities for Skylines contin-ued Canada-wide expansion.
38 New hoMe guide gTA | jan 19 - feb 2, 2013
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Prices and specifi cations are subject to change without notice. E. & O.E. Rendering is artists concept.
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The minisTer of finance and The Bank of Canada have both expressed concerns over the amount of debt Canadians have been carrying. Indeed, a predict-able result of an economy wherein the government is forced to keep interest rates low for an extended period is that consumers will find it hard to resist the temptation of borrowing beyond their means. Although there is an increased trend among Canadians accessing equity in their homes, it is important to note there are two differ-ences between those who borrow to support lifestyle and those who leverage to increase wealth.
Over the past few years, the number of Canadians who have taken out a line of credit on their home for anything from home improvements to vacations has increased to the point that the government has raised a red flag. Real estate investors need to be aware of who the government is really targeting and that is the homeowner who is using his home equity to subsidize his current lifestyle. This is a valid issue, and the government should be concerned about this behaviour. However, this should not be confused with the prudent investor who uses home equity to increase his net worth.
While the government worries over the lifestyle subsi-dizer, the savvy real estate investor recognizes that this extended period of historically low rates creates a unique opportunity to leverage home equity into wealth, creating real estate investments. Investors understand that in order to purchase cash-flowing rental properties, they will need to either come up with the down payment themselves or attempt to put together a joint venture partner. The simplest and least expensive source of capital (outside of cash on hand) is home equity. As such, it is common for almost every investor to set up a line of credit on their home in addition to their mortgage as a way of converting home equity into increased net worth. But what a lot of investors dont un-derstand is that not all lines of credit are created equal.
There two different types of lines of credit (LOC) in
the Canadian mortgage market and it is critical for a savvy real estate investor to understand the difference. One is a traditional static LOC and the other is a re-advance-able mortgage LOC combination. On the surface, they may appear similar, but what makes them different is critical to the savvy real estate investor.
A static LOC is the LOC that most homeowners are familiar with and one that the majority of banks and lenders have been offering up for years. It is, quite simply, a line of credit that is placed behind the first mortgage. If a homeowner has more than 80 per cent of equity in their home they can apply to access that home equity (up to 80 per cent) in the form of a line of credit. The chal-lenge with a static LOC also known as a Home Equity LOC or HELOC is that it is static, meaning that if the amount of equity you have in your home were to increase over the course of the mortgage, the maximum amount of money that you would be able to draw out would remain the same, regardless of how much you may have reduced the original mortgage amount by. For example:
Home Value = $400,000 Mortgage Amount = $250,000 80% of Home Value = $320,000 Amount of accessible Home Equity = $ 70,000
In the above example, a HELOC can be arranged for $70,000. This in itself is a fairly straight-forward transaction and one that the majority of Canadians undertake when arranging for a LOC. However, lets assume that the hom-eowner in the above example took advantage of every pre-payment privilege available and also had excess cash avail-able through employment bonuses or commissions. Lets further assume that this homeowner was able to pre-pay as much as $50,000 of their mortgage over the next two years and were now at a point where they wanted to access some of the additional $50,000 in built-up equity to purchase an
by peter kinch
created equalNOT ALL LINEs OF CREdIT ARE
t h e m o r t g a g e m i n u t e
40 NEw HoME guidE gTA | jan 19 - feb 2, 2013
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investment property. Unfortunately, for our investor, since the product they chose was a static HELOC, the major-ity of lenders would need them to re-apply to have the limit on their HELOC increased. Aside from the inconve-nience of a new application process, which could be declined if there were any changes in employment (such as shifting from an employee to being self-employed, or simply having a spouse go on maternity leave) our inves-tor would also be subject to additional legal and appraisal costs. All this because they didnt get the right advice in the first place.
What they should have arranged is a re-advanceable mortgage/LOC combination. The difference is simple and obvious, but unfortunately many Canadians are still not familiar with the fact that they exist. As the name would suggest, a re-advanceable mort-gage is created in such a way that every dollar of equity that is created by paying down the mortgage portion of the loan, is re-advanced to the line of credit.
In the above example, the $50,000 that was used to reduce the mortgage would be automatically re-advanced to the client and made available to them in their line credit.
The original mortgage would be struc-tured exactly the same with $250,000 set up as a mortgage amount and $70,000 made accessible in the LOC. The difference with the re-advance-able mortgage is that as the $50,000 of equity is paid off the mortgage, the
Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real estate action Plan Visit
peterkinch.com or contact him at [email protected]
accessible equity in the line of credit is increased by that same $50,000. In other words, every dollar of equity that is paid off your mortgage is auto-matically re-advanced to your line of credit. There is no need to re-apply to have it re-advanced it is done so automatically. And the best part is that any time you use money from your line of credit for an investment that has the intention of making money the interest on the line of credit is tax de-ductible a process that is commonly referred to as the smith Manoeuvre.
The proper use of this product is critical for the savvy real estate inves-tor as it addresses two critical areas. The first and most obvious is the fact that access to money for down payments is one of the biggest obstacles to the real estate investor. Using a re-advanceable mortgage/LOC allows an investor to build up funds toward their next down payment simply by making their mortgage payment every month and allowing it to accumulate in their LOC over time. The second less obvious advantage of this product is that it should forever eliminate the argument among couples over whether they should use a particular lump sum of money to pay down their mortgage or invest. Proper utilization of this product will allow them to do both. simply apply the excess cash onto your principal residence mortgage, thereby reduc-ing your immediate mortgage costs, and then have those same funds re-advanced to your line of credit where it can remain indefinitely available to you until such time t