gta new home guide - apr 4, 2015

Apr 4 - 18, 2015 Volume 23 Issue 07

INSIDE THIS ISSUE

TARION NAMES FINALISTSFOR AWARDS OF EXCELLENCE

CHANGING COMMUNITIESTHROUGH SPORT

LIVING GREEN IN TODAYS NEW HOMES

fold

6.875" x 10.5" OGFfold

ASPIRE to loving your homein brampton

aspenridgehomes.com

fold

6.875" x 10.5" OGFfold


aspenridgehomes.com

fold

6.875" x 10.5" OGFfold


aspenridgehomes.com

NOW OPENBRADFORD Dream elds Presentation Centre & 2 Model Homes 905.551.1631

BRAMPTON Credit Manor HeightsPresentation Centre & Model Home 905.216.5155

BRAMPTONMay eld VillagePresentation Centre 905.230.2592

KLEINBURGKleinburg HillsPresentation Centre & 2 Model Homes 905.552.0678

NOBLETON King Country EstatesPresentation Centre & 2 Model Homes 905.558.0255

RICHMOND HILLKettle Lakes ClubPresentation Centre & 4 Model Homes 289.234.1064

WATERDOWNWaterdown MeadowsPresentation Centre905.690.2224

MORE INFO ATaspenridgehomes.com

COMING SOONKESWICKSimcoe Landing Phase 2

MARKHAMUnion

QUEENSVILLEQueensville

VAUGHANChelsea

VAUGHANUpper West Side Phase 2

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. march 2015.

ASPIREto loving

yourCommunity.

great care has been taken to preserve the natural features of the area. a naturalized water channel is the centrepiece of the community. in addition, six new local parks will offer playground space and playing fields for active families.

PRESENTATION CENTRE NOW OPEN4575 Mayfield Road, Brampton

Towns from the $360sSemis from the $500s | Singles from the $650s

905.230.2592 | aspenridgehomes.comAspire to great design.

ASPIRE to being CloSerto everything.Mayfield Village is Aspen Ridges newest and brightest addition to brampton. in this master-planned community inviting streetscapes create a modern look while still retaining the charm of the areas small-town past. this pedestrian-oriented community has a decidedly urban feel and every home is within walking distance of brampton transit service.

Now Open!

visit the presentation Centre east of Dixie rd. on may eld rd., brampton.

aspenridgehomes.com

contentsAPRIL 4 18, 2015 || VOLUME 23 ISSUE 7

community focus features 24 Brampton

Fieldgate Homes Early Closing Sales Event at Valleylands in Brampton

38 Multi-Site Fieldgate Homes Experience true elegance with Fieldgates model homes

50 Thornhill Andrin Homes Claridge Gate the epitome of upscale living

58 Horseshoe Valley Democrat Homes Maplewood Estates half the price of a Toronto home

ON THE COVER

p. 32MADISON HOMES

Building communities throughout the GTA


INSIDE THIS ISSUE




regular and special featuresIN EVERY ISSUE

4 Editors Note 10 Contributors 102 Hot Dates 110 Ad Index

COLUMNISTS

14 BILD Report Transforming communities through sport by Bryan Tuckey

20 Fundamentally Speaking Higher Development Charges loom in Ontario by Wayne Karl

contentsAPRIL 4 18, 2015 || VOLUME 23 ISSUE 7

community focus features 24 Brampton

Fieldgate Homes Early Closing Sales Event at Valleylands in Brampton

38 Multi-Site Fieldgate Homes Experience true elegance with Fieldgates model homes

50 Thornhill Andrin Homes Claridge Gate the epitome of upscale living

58 Horseshoe Valley Democrat Homes Maplewood Estates half the price of a Toronto home

ON THE COVER

p. 32MADISON HOMES

Building communities throughout the GTA


INSIDE THIS ISSUE




regular and special featuresIN EVERY ISSUE

4 Editors Note 10 Contributors 102 Hot Dates 110 Ad Index

COLUMNISTS

14 BILD Report Transforming communities through sport by Bryan Tuckey

20 Fundamentally Speaking Higher Development Charges loom in Ontario by Wayne Karl

50

38

58

30 Tarion Report The top five warranty questions by Howard Bogach

34 Taxing Issues Taking a long-term view of your new home purchase by Henry Choo Chong

40 Mortgage Finesse Credit and debt management by Calum Ross

44 Industry Outlook Living Green: what it means in todays new homes by Hugh Heron

52 Legally Speaking Financing and hidden tricks by Jayson Schwarz

HOMEBUYERS HELP

62 Q&A Jennifer Keesmaat, chief planner, City of Toronto, talks life and real estate by Wayne Karl

96 Around the House Great spring cleaning tips from Molly Maid

103 Resource Section Mortgage Calculator and Rate Table

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

IN THE NEWS

30 Tarion Warranty Corp. announces finalists for 2015 Awards of Excellence

42 BILD, RealNet Lowrise outsells highrise for the first time since 2012

56 CREA A tale of two markets emerges in latest revised forecast

80 Branthaven Homes & Minto Communities bring affordable family living to Oakville with Oakvillage

4 NEW HOME GUIDE GTA | APRIL 4 - 18, 2015 APRIL 4 - 18, 2015 | NEW HOME GUIDE GTA 5

Even though the rst day of spring is actually March 20 (something Mother Nature largely ignored), April usually o ers more signs that the season has really arrived. Temperatures begin to rise, rain rinses away winters residue and in a matter of days (we hope), tree buds sprout and green will wash around us.

Its also the natural time of year when people renew their commitment to living Green.

When it comes to buying a home, newly built product today is miles

ahead of that built 25, 20 and even 10 years ago.

Most home builders today go to great lengths to make their homes as Green as possible, because thats what sells, what makes sense, and what you the consumer wants.

Still, there are varying degrees of Green-ness, and builders o er di erent features and technologies to meet todays increasingly stringent standards for energy e ciency and clean housing.

Ask each builder youre serious about buying from: How Green is this home?

How Green is your home?New homes today are far more energy effi cient and cleaner, offering you opportunities to save and live heathier

What rules your new-home choice?Lifestyle increasingly infl uential for homebuyers

New-home buyers are often driven by di erent 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.

e 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 di erent direction.

Downsizing is often 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 a home that suits your needs and lifestyle. In this issue, we pro le new communities which o er the perfect place to put up your feet, plus the latest industry news and features about buying and owning a new home. Enjoy!

//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

ParadiseDevelopments.com

With four di erent communities in the GTA,

Paradise Developments has something for everyone.Paradise Developments has something for everyone.

PARADISE DEVELOPMENTS SALES CENTRE HOURS: MON. - THURS.: 1 PM - 8 PM, FRIDAY: CLOSED, SAT. & SUN.: 11 AM - 6 PM

WHITBY | COMING SOONWHITBY MEADOWS

Towns, Semis & Detached homescoming soon in a Master Planned Community.

REGISTER TO STAY INFORMED

Towns, Semis & Detached homesin a Spectacular Master Planned Community.

Homes starting from the $500s

AURORA | PHASE 2 COMING SOON AURORA TRAILS

Beautifully designed Singles, Semis and Towns in a well thought-out community


BRAMPTON | NEW RELEASE APRIL 18 AT 11 AM SHARP UPPER MOUNT PLEASANT

KLEINBURG | PHASE 2 NEW RELEASE IMPRESSIONS OF KLEINBURG

A select group of inventory homes are available now at special prices.


Prices and specifi cations are subject to change without notice. E. & O.E.

PARA-MUL-A-AD-NHC-MAR24-2.indd 1 2015-03-24 1:32 PM

menkes.com

Your Life Storey always comes rst.For the last sixty years, Menkes has been a central chapter in the Life Storeys of so many. Menkes has always focused on building

homes in the citys most desirable and accessible locations. Discover elegant family homes in communities across the Greater

Toronto Area that exude this companys trademark character, charm and lasting value. Come home to Menkes today, where

your Life Storey always begins and ends with total customer satisfaction.

menkes.comFacebook.com/MenkesLife @MenkesLife

menkes.comPrices and speci cations are subject to change. E.&O.E. March 2015.

NEW RELEASE

Burnhamthorpe Rd. & West MallEtobicoke

Starting from the low $400s 416.259.2525

NEW RELEASE

Browns Line & Evans Ave.Etobicoke

Starting from the mid $500s 416.259.2525

NEW RELEASE

Guelph St. & MacFarlane Dr.Georgetown

Starting from the mid $700s 289.891.9103

DESIGN IS A PERSONAL MATTERWhen it comes to personal expression, youll find all Mattamy

homes are available in a choice of exterior styles, in a rich

range of colours. This is, in fact, why youll find Mattamy

neighbourhoods look so distinctive and personal. To further

accommodate individual preferences, were pleased to also

offer a series of options we call Architects Choice and

Designers Choice. These allow you to tailor the interior

of your home to suit your own home-design tastes. Were

delighted to have built over 70,000 homes in hundreds of

communitiesthat people love to live in.

SCARBOROUGHA Whole New Community

Featuring Town And Semi-Detached Homes

MARKHAMFeaturing A Wide Selection

Of Townhome Styles To Choose From

WATERDOWNA New Selection Of Town And Detached Homes In A Popular Community

RICHMOND HILLUpscale Towns And Detached Homes In

A Prestigious Community

OAKVILLENever Before Offered Selection

Of Freehold 2-Storey Townhomes

PICKERINGA Brand New Seaton

Neighbourhood With A Variety Of Town And Detached Homes

Taunton Taunton

DISCOVER YOURSELF IN ONE OF OUR GREAT NEW COMMUNITIES, COMING SOON

FOR MORE INFORMATION ON OUR COMMUNITIES REGISTER AT MATTAMYHOMES.COM

All illustrations are artists concept. All dimensions are approximate. Prices, specifi cations, terms and conditions subject to change without notice. E.&O.E.SALES CENTRE HOURS: Monday - Thursday 1 pm - 8 pm; Friday 1pm - 6 pm; Saturday, Sunday and Holidays 11am - 6pm

MODEL HOME HOURS: Monday - Thursday 1pm-7:30 pm; Friday 1pm-5:30pm; Saturday, Sunday and Holidays 11am-5:30pm

Follow us:

MATGTA - MH - All Sites - New Homes & Condos - DPS Due: 17/03/15

File Name: MATGTA-AllSites_NHnC_DPS Publication: NH&C

Trim: 7.5" x 10.5" Safety/V.O.: Not Specified DPI: 300

Bleed: NA Colours: CMYK Built: 17/03/2015 JND

MATGTA-AllSites_NHnC_DPS.indd 1 2015-03-25 4:56 PM

8 NEW HOME GUIDE GTA | APRIL 4 - 18, 2015

DESIGN IS A PERSONAL MATTERWhen it comes to personal expression, youll find all Mattamy

homes are available in a choice of exterior styles, in a rich

range of colours. This is, in fact, why youll find Mattamy

neighbourhoods look so distinctive and personal. To further

accommodate individual preferences, were pleased to also

offer a series of options we call Architects Choice and

Designers Choice. These allow you to tailor the interior

of your home to suit your own home-design tastes. Were

delighted to have built over 70,000 homes in hundreds of

communitiesthat people love to live in.

SCARBOROUGHA Whole New Community

Featuring Town And Semi-Detached Homes

MARKHAMFeaturing A Wide Selection

Of Townhome Styles To Choose From

WATERDOWNA New Selection Of Town And Detached Homes In A Popular Community

RICHMOND HILLUpscale Towns And Detached Homes In

A Prestigious Community

OAKVILLENever Before Offered Selection

Of Freehold 2-Storey Townhomes

PICKERINGA Brand New Seaton

Neighbourhood With A Variety Of Town And Detached Homes

Taunton Taunton

DISCOVER YOURSELF IN ONE OF OUR GREAT NEW COMMUNITIES, COMING SOON

FOR MORE INFORMATION ON OUR COMMUNITIES REGISTER AT MATTAMYHOMES.COM

All illustrations are artists concept. All dimensions are approximate. Prices, specifi cations, terms and conditions subject to change without notice. E.&O.E.SALES CENTRE HOURS: Monday - Thursday 1 pm - 8 pm; Friday 1pm - 6 pm; Saturday, Sunday and Holidays 11am - 6pm

MODEL HOME HOURS: Monday - Thursday 1pm-7:30 pm; Friday 1pm-5:30pm; Saturday, Sunday and Holidays 11am-5:30pm

Follow us:

MATGTA - MH - All Sites - New Homes & Condos - DPS Due: 17/03/15

File Name: MATGTA-AllSites_NHnC_DPS Publication: NH&C

Trim: 7.5" x 10.5" Safety/V.O.: Not Specified DPI: 300

Bleed: NA Colours: CMYK Built: 17/03/2015 JND

MATGTA-AllSites_NHnC_DPS.indd 1 2015-03-25 4:56 PM

APRIL 4 - 18, 2015 | NEW HOME GUIDE GTA 9


MORTGAGE FINESSE CALUM ROSSCalum Ross is a mortgage columnist for New Home Guide and New Condo Guide. He holds both a B.Comm and MBA in finance from the Schulich School of Business and in 2011 completed the Comprehensive Leadership Program at Harvard Business School. He can be reached at 416.410.9905

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, 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

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline HillEDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan LeggeSALES 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, Elisa Krovblit Lydia McNutt

SENIOR ACCOUNT EXECUTIVE

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

Terry BassettDISTRIBUTION & SALES CO-ORDINATOR

Jennifer BistronADMINISTRATIVE ASSISTANT

Antoinette Jackson

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 416.784.5867NewHomeAndCondoGuide.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.

INDUSTRY OUTLOOK HUGH HERONHugh Heron is principal and partner in the Heron Group of Companies and president of Heathwood Homes, as well as a former member of the board of directors of Canada Mortgage and Housing Corp., and a past president of the Toronto Home Builders Association and the Ontario

Published by

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 low from 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

MADI-COR-A-AD-NHC-MAR25-1.indd 1 2015-03-26 10:25 AM

assionOur

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

SALES OFFICE HOURS: MON-THURS 1PM - 8PM FRI & HOL CLOSED SAT & SUN 11 AM - 6 PM

We create homes that meet your dreams and aspirations.

Building fi ne homes is not just our business, its our passion. At Primont Homes, we understand what your dream home means to you. Our professionally trained designers, craftsmen and customer service people are committed to bringing your vision to life.

Its the Primont Promise.

See Sales Representative for details. Prices and specifi cations are subject to change without notice. E. & O.E.

COMING SOONElegant 36 and 42 Detached Homes from $599,900Imagine a beautiful family community from Primont, where nature paints gorgeous masterpieces with every changing season. A home thats just steps to schools, shops and community centres. Welcome to Seasons in Caledon.

where happinessis always in season

SEASONSI N C A L E D O N

REGISTER NOW Primonthomes.com

Connect with us on #MyPrimontHome

$385,900

MOUNT PLEASANT BRAMPTON

FREEHOLD TOWNS & 38 DETACHED

SUMMER 2015 CLOSINGS

10629 Mississauga Rd.905.495.5067

FROM

FREEHOLD TOWNHOMES

$500s

CORNELLMARKHAM

A T C O R N E L L

Register now at PrimontHomes.com

FROM THE

COMING SOON

WOODBRIDGE

FREEHOLD TOWNHOMES

NEW RELEASE PHASE 3NO CONDO FEES!


COMING SOON

FROM

$339,900

NEWTOWNS

URBANTOWNHOMES


COMING SOON

PRIM 39302 NHG MRCH 25_final.indd All Pages 2015-03-27 2:14 PM


assionOur

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

SALES OFFICE HOURS: MON-THURS 1PM - 8PM FRI & HOL CLOSED SAT & SUN 11 AM - 6 PM

We create homes that meet your dreams and aspirations.

Building fi ne homes is not just our business, its our passion. At Primont Homes, we understand what your dream home means to you. Our professionally trained designers, craftsmen and customer service people are committed to bringing your vision to life.

Its the Primont Promise.

See Sales Representative for details. Prices and specifi cations are subject to change without notice. E. & O.E.

COMING SOONElegant 36 and 42 Detached Homes from $599,900Imagine a beautiful family community from Primont, where nature paints gorgeous masterpieces with every changing season. A home thats just steps to schools, shops and community centres. Welcome to Seasons in Caledon.

where happinessis always in season

SEASONSI N C A L E D O N

REGISTER NOW Primonthomes.com

Connect with us on #MyPrimontHome

$385,900

MOUNT PLEASANT BRAMPTON

FREEHOLD TOWNS & 38 DETACHED

SUMMER 2015 CLOSINGS

10629 Mississauga Rd.905.495.5067

FROM

FREEHOLD TOWNHOMES

$500s

CORNELLMARKHAM

A T C O R N E L L


FROM THE

COMING SOON

WOODBRIDGE

FREEHOLD TOWNHOMES

NEW RELEASE PHASE 3NO CONDO FEES!


COMING SOON

FROM

$339,900

NEWTOWNS

URBANTOWNHOMES


COMING SOON

PRIM 39302 NHG MRCH 25_final.indd All Pages 2015-03-27 2:14 PM



//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. He can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta)

and BILDs official online blog (bildblogs.ca).

Transforming communities through sport

In just a few months, the Pan American and Parapan American Games will be hosted by the GTA, and Im proud that some of our members have helped to design, engineer, plan and build the legacy venues across the region.

These venues have been transformative for numerous communities and when the Games are over, they will serve as neighbourhoods, recreation hubs and training facilities for years to come.

To tell us more about the Games, we invited Saad Rafi, CEO of Games Organizing Committee, to be our keynote speaker at our annual Industry Luncheon a few weeks ago. With more than 250 members in the room, Rafi said, many BILD members have helped to build the venues that will make the Games shine.

One of them will be the new velodrome in the Town of Milton, which is only one of two internationally-sanctioned velodromes in Canada. The local share of funding for the venue was largely from development charges, paid by the development community and new-home owners in Milton.

The Games has also brought much-needed infrastructure to the region, such as the Union-Pearson Express rail link and improved GO service, Safi said.

The Games also spurred development of Torontos new waterfront community, the LEED Gold-designed Canary District, which

will first be the Games Athletes Village and then a lively neighbourhood including 810 condominiums and townhomes. Of those, 100 will be available for affordable ownership and 253 will be affordable rental homes.

A number of venues across the GTA have been updated and retrofitted for the Games, such as the Etobicoke Olympium and the equestrian park in the Town of Caledon, while others are new, such as the aquatics centre and field house in Scarborough.

Safi said BILD members should take pride in the fact that they have built and renovated the complete communities that will host the 10,000 athletes, coaches and officials from 41 countries competing in 51 sports in more than 30 venues across the GTA in July and August.

I wholeheartedly agree. We build more than just homes and employment space; we build complete communities that will welcome tens of thousands this summer and will help to put the GTA on an international stage. We look forward to seeing everything come together this summer.

Averton.caLearn more @ Follow us onPrices and specifi cations are subject to change without notice. E. & O.E. Renderings are artists concept.*Limited time only. Ask sales representative for details.

A uniquely appealing collection of incredible detached homes on 33 and 40 lots in a spectacular Mount Albert setting.from the low 500s

Mount AlbertA beautiful and exclusive new residential enclave in Canadas prettiest town, Niagara-On-The- Lake.Luxury Condominiums from the low $300sOnly 20 Detached Bungalows from the low $600sMODEL HOMES COMING SOON!

Niagara-on-the-Lake

Superb selection of quick move-in suites available in this spectacular completed boutique condominium. from the $260s

Etobicoke

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

Kleinburg

TOUR OUR MODEL HOMES TODAY!

For todays home buyers, Averton o ers the a ordable alternative Main Street Seaton. An incredible new selection of Brownstone Townhomes including Coach Towns, Garden Towns and Urban Towns. All in a central Pickering location close to parks, shopping, schools and GO Transit.Brownstone Townhomes from the high $200s

in Luxury UpgradesReceive up to $20,000*BONUS

Luxurious detached homes with easy access to miles of trails winding down to the waterfront. from the low $400s

Bowmanville

Averton.caRegister Today @

COMING SOON

PICKERINGS BEST PLACE TO LIVE!V.I.P. PREVIEW OPENING THIS APRIL! Register [email protected]

AVER-MUL-A-AD-NHC-MAR10-1.indd 1 15-03-12 2:50 PM

THE urbanTREND IS HERE

2 Car Garage Units AvailableFrom $599,900* for 2,000 sq.ft.

treasurehill.comTREASURE HILL COMMUNITIES

TOWNHOMESLUXURY SINGLES

NOW OPEN COMING SOON

CALEDONBRAMPTON

COMING SOON

SINGLES

VAUGHAN

E L E V A T E Y O U R L I F E I N V A U G H A N

*Limited quantities available to qualified purchasers. Information correct at press deadline. Some lots may have premiums. All illustrations reflect artists impression. E. & O. E. Ask a sales representative for details.

MAJOR MACKENZIE DRIVE & WESTON ROAD

COMINGSPRING

Soaring10 ft.ceilingsonmainfloor

KitchenAid stainless steel appliance package Island with granite waterfall feature Architecture by highly acclaimed Richard Wengle Interior design by award-winning Cecconi Simone

IN AN ESTABLISHED NEIGHBOURHOOD AT


TREASURE HILL COMMUNITIES

*Limited quantities available to qualified purchasers. Information correct at press deadline. Some lots may have premiums. All illustrations reflect artists impression. E. & O. E. Ask a sales representative for details.

RICHARDWENGLE

+

FEATURING

highly acclaimedarchitect

CECCONISIMONE

award-winninginterior designer

MAJOR MACKENZIE DRIVE & WESTON ROAD

IN WOODBRIDGE

TREASUREHILL.COM

19


//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

Higher Development Charges loom in Ontario

Get ready, new-home buyers. No, not just in your general preparedness for buying a home, but for an increasingly di cult not to mention controversial issue thats costing you more money.

And you may not even know it.Development Charges. If youre not familiar with this

term, you likely will be soon, as its a contentious issue facing home builders and therefore buyers across the country.

Just what are Development Charges? In short, they are the fees applied by various levels of government when new homes are built, to pay for new infrastructure such as roads, transit and other necessities.

at part you may know. But what you likely arent aware of is that these fees are rising exponentially, have been for years, and theyre occupying an increasingly high portion of new-home costs. And theyre passed right on to you, the homebuyer.

HOW MUCH ARE WE TALKING ABOUT? In Toronto, for example, City Council recently voted to increase Development Charges by 75 per cent, to almost $30,000 for a semi or single-detached home. ese new fees are being phased in, and will be fully implemented by Feb. 1, 2016.

Its even worse further out in the GTA, where municipal fees and charges collected by Markham, Oakville, Brampton, Bradford-West Gwillimbury and Ajax average out to about $116,200 on a new single-detached home, representing 22 per cent of the cost. For a new highrise, the fees average $64,000 or 20 per cent.

But this is not just a GTA or Toronto problem.In Ottawa, Development Charges and other government-

imposed fees account for about 23 per cent of the cost of a new home or about $100,000 of a single-family home. Twenty- ve years ago, the costs accounted for just three per cent.

Now, with recent proposed changes from the Ministry of Municipal A airs and Housing, new-home buyers could once again be dinged with higher DCs.

e provincial government is proposing reforms to the Planning Act and the Development Charges Act designed to

give residents a greater say in how their communities grow and would provide more opportunities to fund community services like transit and recycling.

Others, however, including Ontario Home Builders Association (OHBA) and the Building Industry and Land Development Association, fear these changes will just add more taxes a disproportionate amount to new-home buyers.

Municipalities are going to pile on a new transit tax on new home buyers and businesses, says OHBA CEO Joe Vaccaro. ose new neighbours ultimately pay every new tax generated by government in the price of their new home.

ough the problem may di er slightly from one city and even province to the next, the concern is universal: new-home buyers are picking up a disproportionate part of the tab for infrastructure development.

As a prospective new-home buyer, you may not appreciate the importance of the Development Charges issue just yet. But if youre a few or even several months away from making a purchase, or family members slightly further, you may learn the hard way what many are already concerned about: if such fees are allowed to rise unchecked, new-home a ordability will eventually be severely threatened.

And that will be a price that, ultimately, no one can a ord to pay.


W hen driving along Chinguacousy Road in west 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. It is within this remarkable setting that esteemed builder Fieldgate Homes has announced an exciting Early Closing Sales Event in this popular family community, Valleylands on Chinguacousy.

The southwest corner of Queen St. West and Chinguacousy Rd. is the site for these early closings at Valleylands. Three, four- and five-bedroom homes are available from 2,010 to 3,276 sq. ft. There are also singles with traditional closings on 38-, 41-, 45- and 50-ft. lots available. Theres a home for everyone at Valleylands. Starting from the $570s.

One of the many wonderful homes at Valleylands is the 38-ft., 2,334 sq. ft. Dove Elevation A. Featuring four bedrooms and a two-car garage, families are sure to love this spacious, contemporary home. The front of the home boasts a striking brick elevation, with large windows and a covered porch. Inside, the main floor offers a spacious living/dining room, a large gourmet kitchen and a cosy family room with gas fireplace. Upstairs the master suite features an enormous walk-in closet and lavish ensuite with separate oval soaker tub and glass frame shower. Theres also a convenient upstairs laundry room, main bathroom and additional bedrooms. The Dove is priced from the low $600s.

VALLEYLANDS

//COMMUNITY FOCUS

LOCATION West Brampton

HOUSING TYPE Singles on 38-, 41-, 45-, 50- and 70-ft. lots from the upper $500s; bonus packages available for each housing type. Early closing homes with four bedrooms from the upper $500s with 30- to 120-day closings available

CONTACT 905.457.0445 fieldgatehomes.com

Early Closing Sales Event in west Brampton

One of the many wonderful homes at Valleylands is the 38-ft., 2,334-sq.-ft. Dove Elevation A. Featuring four bedrooms and a two-car garage, families are sure to love this spacious, contemporary home, priced from the low $600s.

...continued on pg 26

FIELDGATE HOMES | Valleylands


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 proposed for construction right in the Valleylands community, and Queen Street elementary school and Sir William Gage middle school are just a short walk north of the community. There are also a number of public and Catholic primary and secondary schools within a short distance. And with post-secondary tuition costs on the rise, its nice to know that Valleylands is ideally situated to make the live-at-home college lifestyle a breeze. Well-regarded institutions such as Sheridan College and Algoma University both have campuses that are just a short drive or bus ride away.

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. The Heartland Town Centre is only five minutes away, offering major retailers such as Best Buy, Home Depot and Costco. Nearby Erin Mills Town Centre, Trinity Common Mall and Bramalea City Centre also offer wonderful selections of shops and restaurants. For those in search of live entertainment, theres the Rose Theatre, offering a year-round calendar of musical and theatrical performances. Golfing 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. With more than 55 years of experience, Fieldgate Homes is one of the GTAs finest home builders, known for their exceptional floorplan designs. For more information on Valleylands, call 905.457.0445 or visit fieldgatehomes.com

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.

FIELDGATE HOMES | Valleylands//COMMUNITY FOCUS...continued

Fie

ldg

ate

Ho

me

s h

as

be

en

fea

ture

d a

s M

OD

EL H

OM

E O

F TH

E M

ON

TH

a

s se

en

in th

e N

ew

Ho

me

Gu

ide

mo

de

l ho

me

ca

len

da

rAPR

IL20

15

Mod

el H

ome

Phot

o Co

mpl

imen

ts o

f Fie

ldga

te H

omes

.

ww

w.fie

ldga

teho

mes

.com

This

3,4

48 s

q. ft

. Baz

ille

mod

el h

ome

is a

spe

ctac

ular

luxu

ry re

side

nce

with

an

addi

tiona

l 1,5

00 s

q. ft

. of fi

nish

ed lo

wer

leve

l. El

egan

tly a

ppoi

nted

by

an e

xper

t int

erio

r des

ign

team

, you

can

find

end

less

insp

iratio

ns fo

r you

r ne

w F

ield

gate

hom

e. K

lein

burg

, Ont

ario

over

55

year

s of

exce

llen

ce

S T O U F F V I L L E

BOUTIQUE CONDO LIVING IN DOWNTOWN STOUFFVILLE

650 1,517 sq. ft. from

$329,900905-591-1071

1, 2 & 3 Bedroom suites

Sun-filled open concept designs

Steps to GO, dining, shopping, parks, culture and entertainment

CONDO TOWNS IN STOUFFVILLEFINAL PHASE NOW SELLING!

1,412 1,639 sq. ft. from

$419,900905-640-9999

2 Decorated model homes

Only a few remain

Loft inspired designs with private rooftop terraces

E @ D?G>5 C1 D 3 1 B 4 9 > 1 < @ ? 9 > D

MOVE IN THIS YEARIN PORT HOPE

Decorated model home

42 & 48 Bungalow designs

Spring and fall occupancies available

1,322 2,188 sq. ft. from

$310,9001-877-540-0555

14 Manor Homes on 3/4 acre lots

Bungalow and two storey designs

Intimate enclave setting

A WOODED ENCLAVE OF MANOR HOMES IN BLOOMINGTON

905-642-1900

2,990 6,000 sq. ft. from

$1.3 MILLION

BILD 2014 P2G COMMUNITY OF THE YEARBILD 2012 HOME BUILDER OF THE YEARCHBA 2011 GRAND SAM AWARD WINNER

Prices and specifications are subject to change without notice. Renderings are artists concept. Maps not to scale. Brokers Protected. E.&O.E.

HAVE YOU DISCOVERED

STOUFFVILLE?

Located just minutes north of Markham, Stouffville and its neighbouring areas allow you to enjoy the richness of small town living together with everything thats important to your lifestyle. Shopping. GO Transit. Dining. Recreation. Have it all. Have it now. In Stouffville!

Theres So Much To Love About Life

In Stouffville

LOOKING TO MOVE QUICKLY? CONSIDER PORT HOPE!

Aurora Rd

SALES CENTRE

Bloomington Rd

Major Mackenzie Dr

HWY 48

BLOOMINGTONWOODS SITE

Lakeshore Rd

Ninth Line

407

404

Main St

PACE ON MAIN SALES CENTRE

SITE

Freel Ln

9th Line

LLoyd St

Blake St

OBrien Ave

Burkholder St

Stouffville Rd

Major Mackenzie Dr

407

404

Millard St

John Davis Gate

Glad Park Ave

HWY 48

Main St

9th Line

MODELS & SALES CENTRE

Major Mackenzie Dr

407

404

Stouffville Rd

Toronto Rd

Harm

ony Rd

OSHAWA

PORT HOPE

HWY 115 / 35

Marsh Rd Jocelyn StSITE

401

E5-1375 NH Guide GTA April 4th .indd 1-2 3/27/15 3:23:10 PM


//IN THE NEWS

New home builders recognized for excellence in customer service

Tarion Warranty Corp. has announced the finalists for the 2015 Tarion Awards of Excellence, the only awards in Ontario that recognize new home builders based solely on their customer service delivery.

New home builders are building beautiful homes and communities across Ontario, but their jobs dont stop there. A great home builder ensures their customers feel supported long after theyve settled into their new home, says Tarion president and CEO Howard Bogach. The 2015 Tarion Awards of Excellence finalists demonstrate that excellent customer service is an essential part of a home builders job and can make the difference between a good home builder and a great one.

According to Chris Spiteri, chairman of Tarions Board of Directors, Tarion sets the standards for new home builders in Ontario when it comes to licensing and after sales service delivery for warranty obligations. The Tarion Awards of Excellence f inalists represent builders who go above and beyond these requirements. Their commitment to excellent customer service helps validate the high caliber of service that the Ontario home building industry has to offer.

Finalists were determined based on the results of a comprehensive survey sent to more than 49,000 Ontario homeowners who took possession of a new home between Oct. 1, 2013 and Sept. 30, 2014. Almost 7,900 survey responses were received, representing 16 per cent of consumers who bought a new home in Ontario during that time. The results were tabulated by Crunch Research in partnership with Harris Decima.

Survey questions focused on homeowners satisfaction with their builder, covering every stage in the homeowner-builder relationship from the signing of the Agreement of Purchase and Sale, through construction and the pre-delivery period, to after-sales service.

To qualify for the Awards, builders must have at least five new home possessions during the survey time frame and a specified number of completed questionnaires must have been received.

Award recipients will be announced at a luncheon in Toronto on Monday, April 20, 2015.

The following new home builders compete in four award categories: small, medium, large volume and highrise. HIGHRISE CATEGORY (100+ highrise possessions per year)Concert Toronto The Daniels Corporation Toronto Del Ridge Homes Markham Mattamy Homes Oakville The Tricar Group LondonTridel Toronto LARGE VOLUME CATEGORY (100+ possessions per year)Devonleigh Homes Inc. OrangevilleFusion Homes GuelphMonarch Corporation TorontoTribute Communities PickeringUrbandale Construction Ltd. Ottawa MEDIUM VOLUME CATEGORY (21-100 possessions per year)Hayhoe Homes St. ThomasKlemencic Homes TrentonMcDonald Homes BrightonMelanie Construction Inc. RussellSACA Homes Casselman SMALL VOLUME CATEGORY (5-20 possessions per year)J. Donato Construction Ltd. Wasaga BeachLockwood Brothers Construction OxfordRick Stewart Construction Ltd. Fort ErieRochon Construction North BayTerry Waito Homes Inc. Petawawa

Tarion is a private corporation established in 1976 to protect

the rights of new home buyers and regulate new home builders. In this role, Tarion administers the Ontario New Home Warranties Plan Act, which outlines the warranty protection that new home purchasers are entitled to in Ontario. The Corporation also establishes minimum time standards for after-sales service, and adjudicates issues between homeowners and builders.

Visit tarion.com for more information.

by WAYNE KARL

madisonhomes.caGet Social with us: @ mymadisonhome mymadisonhome

*Prices and specifi cations are subject to change without notice. E. & O. E. See Sales Representative for details.

MARKHAM

GRAND OPENINGLuxury Bonus PackageSingles on 41 & 45 lots

from $1 MillionSALES OFFICE

4 Green Hollow Court (9th line and Bur Oak)905-201-7700

MARKHAM

NEW RELEASE AND DESIGNS Freehold Townhomes from the low $600s

Singles on 30, 36 & 40 lots from the $800s

SALES OFFICE655 Cornell Centre Blvd. (at 16th Avenue)

905-472-7667

THORNHILL

Luxury homes on 60 ravine lotsfrom $1.8 Million

SALES OFFICE650 Valley Vista Drive

(Dufferin at Major MacKenzie)905-417-1203

D E C O R A T E DM O D E L H O M E S

N O W O P E N

MADI-MUL-A-AD-NHC-MAR25-2.indd 1 2015-03-26 12:22 PM

31


//COVER STORY

MADISON HOMES Building communities throughout the Greater Toronto Area

GREENSBOROUGH MARKHAMMadison Homes has just released its final phase in Greensborough. You dont want to miss out on your last chance to live in this established, master-planned community, made vibrant with parks, playing fields, woodlots and walking/biking trails.

This limited collection of detached 41- and 45-ft. homes, ranging from 2,543 to 3,237 sq. ft., delivers fantastic curb appeal with classic brick or stone elevations and grand windows on cul-de-sacs or crescent streets. With superb open-concept layouts that flow easily from room to room, families will enjoy gracious and functional living spaces with the ability to add extra bedrooms and bathrooms. Take advantage of the time-limited Grand Opening Bonus Package offering luxury features such as soaring 10-ft. ceilings on main floor, nine-ft. on second, granite countertops, upgraded kitchen cabinetry and much more.

CORNELL ROUGE MARKHAMStop by the greenest corner of Markham to see why MoneySense magazine ranked Cornell one of the best neighbourhoods in the Greater Toronto Area. Madison Homes Cornell Rouge offers a large variety of singles and freehold townhomes.

Freehold townhomes starting from the low $600s range in size from 1,881 to 2,334 sq. ft. These townhomes offer bright, spacious kitchens with breakfast areas

and islands and combined living-dining rooms all on the main floor. On the second and third floors, you will find the family room and bedrooms all with private or shared bathrooms and generous closets, providing dynamic spaces for comfort and relaxation. Select models come with a double-car garage.

The signature collection of Cornell Rouge single-detached homes starting from the low $800s range in size from 2,057 to 3,237 sq. ft. and features classic elevations of brick and stone with either attached single or double car garages with driveways tucked around back. These best-selling designs boast four bedrooms or more with choices in floor plans allowing additional bedrooms and bathrooms, a flex space or even a coach

Parkwood model kitchen in Thornhill Ravines

MADISON HOMES | Multi-Site

house (on select models). These spectacular homes utilize functionality for the growing family, yet still keep with a design that would surely make you the envy of the neighbourhood.

THORNHILL RAVINES THORNHILLSet against the backdrop of protected forests, meadows, ponds and streams, these 60-ft.-wide ravine lots, some with triple-car garages, feature timeless architectural style and gracious interiors that make a grand statement. The Parkwood model is an impressive home with dramatic, refined features for the family that loves to entertain and yet functional to meet the everyday needs of each member of the household. A fully decorated Parkwood model (4,837 sq. ft.), together with the Edenwood model (approximately 4,300 sq. ft.), are available to see and experience at the presentation centre. Detached homes range in size from 3,925 to 4,837 sq. ft., and are priced from $1.8 million.

BRIAR HILL TORONTOMadison Homes Briar Hill City Towns is an exciting project coming soon to Briar Hill Avenue and Dufferin Street. It will be an enclave of innovative, urban townhomes in a well-established midtown community with plenty to offer. Stroll along tree-lined walkways to the parkette and enjoy the convenient amenities, such as quick access to Allen Road, the 401, Yorkdale Shopping Centre and more. Register now for the VIP Priority Preview List.

For more information and sales locations and hours, visit madisonhomes.ca

Walnut model living room in Cornell Rouge

Emperor (Elevation B) in Greensborough

These spectacular homes utilize functionality for the growing family, yet still keep with a design that would surely make you the envy of the neighbourhood.


MADISON HOMES | Multi-Site

house (on select models). These spectacular homes utilize functionality for the growing family, yet still keep with a design that would surely make you the envy of the neighbourhood.

THORNHILL RAVINES THORNHILLSet against the backdrop of protected forests, meadows, ponds and streams, these 60-ft.-wide ravine lots, some with triple-car garages, feature timeless architectural style and gracious interiors that make a grand statement. The Parkwood model is an impressive home with dramatic, refined features for the family that loves to entertain and yet functional to meet the everyday needs of each member of the household. A fully decorated Parkwood model (4,837 sq. ft.), together with the Edenwood model (approximately 4,300 sq. ft.), are available to see and experience at the presentation centre. Detached homes range in size from 3,925 to 4,837 sq. ft., and are priced from $1.8 million.

BRIAR HILL TORONTOMadison Homes Briar Hill City Towns is an exciting project coming soon to Briar Hill Avenue and Dufferin Street. It will be an enclave of innovative, urban townhomes in a well-established midtown community with plenty to offer. Stroll along tree-lined walkways to the parkette and enjoy the convenient amenities, such as quick access to Allen Road, the 401, Yorkdale Shopping Centre and more. Register now for the VIP Priority Preview List.

For more information and sales locations and hours, visit madisonhomes.ca

Walnut model living room in Cornell Rouge

Emperor (Elevation B) in Greensborough

These spectacular homes utilize functionality for the growing family, yet still keep with a design that would surely make you the envy of the neighbourhood.


//TAXING ISSUES

Taking a long-term view

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]

Q My wife and I would like to get into the real estate market before it becomes unaffordable. We have saved $10,000 for a down payment. We have above-average salaries but have been working only for the past three years. Is this the right time for us to buy? Joanne and Jake, Ajax

AAs we progress further from the financial crisis of a few years ago, economic slowdown, stock market and even real estate declines, things are looking brighter for many Canadians. Canada survived the recession; though there are still some challenges, spending is up, stock markets have arguably rebounded and the real estate market has shown longer-term price and sales increases.

Many economists predicted real estate price declines, and few expected price increases and such a quick recovery. Homebuyers who were counting on further price declines may have been kicking themselves. How long will this continue, you ask? Its anyones guess.

The federal Finance Ministry has, on occasion, given notice it is concerned about a potential overheating of the real estate market. Borrowers must meet the requirements for a five-year, fixed-rate mortgage, even if they plan to choose a shorter term and lower rate. The maximum amortization

period for government-insured mortgages was recently reduced to 25 years from 30. In addition, Canadians can now withdraw in refinancing only 80 per cent of their homes value, down from 85 per cent, while down payment requirements remain at five per cent for primary homes and 20 per cent for investment properties. Some experts feel these changes may leave some first-time buyers sitting on the sidelines.

However, these issues should not be the primary factors to influence your decision to buy. Some consider-ations to reconcile before making the plunge include:

How much of a house can you afford to purchase? Get pre-approved by your bank before shopping

How much of a house do you want to afford? The answer is not necessar-ily to purchase the maximum house you qualify to buy, but what you want to afford

What will your payments be, if interest rates rise (and they definitely will) one, two or three per cent? Ensure you can easily afford the increase

First-time buyers of new homes priced at less than $425,000 will be minimally affected by the HST. Generally, there are no real estate commissions for the purchaser of a home. Legal fees are not usually high for a purchase and are minute in the grand scheme of purchasing a home

At the end of the day, a home is a long-term investment, so look beyond the next year or two.

INVESTMENT POTENTIAL OF YOUR HOME OUTWEIGHS MARKET QUESTIONS

GREATGULF.COM

MOUnT PLEAsAnT, bRAMPTOn

wEsTFiELd, bRAMPTOn

sUMMERLYn ViLLAGE, bRAdFORd

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.

Bovaird and CreditviewWalk To Mount Pleasant GO Station

New Release of Townhomes at Mississauga Rd. and Steeles

All new designer model homes at Bradfords best selling community

SAlES OffICE: 20 Alister Drive, Brampton (905) 459-5772

SAlES OffICE: 22 Downy Emerald Drive, Bradford (905) 775-3461

40 ft. Detached2,630 - 2,790 sq. ft. from

40 and 50 ft. Detached2,275 - 4,010 sq. ft. from

$640s

$560s

Theres good, and Theres greaT gulf.

Hw

y. 40

0

Holland St.

Bovaird Dr.

James Potter Rd.

Steeles Ave.

Williams Pkwy.

Mississauga R

d.

Ashby

field Rd.

Hwy. 407

Queen St.

Chinguacousy R

d.

Creditview

R

d.

Alister D

r.

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

Townhomes1,595 - 2,610 sq. ft. from

$450s

Bovaird Dr.

Queen St.

Steeles Ave.

Chinguacousy R

d.

Mississauga R

d.

Hwy. 407


//COMMUNITY FOCUS

Experience true elegance with FIELDGATES MODEL HOMES

F ieldgate Homes believes that when it comes to choosing your new home, seeing is believing. Thats why this acclaimed builder is proud to create some of the GTAs most spectacular model homes in its popular family communities. Every model begins with one of Fieldgates spectacular contemporary floorplans. Designed with the needs of todays families in mind, Fieldgate floorplans incorporate exceptional layouts that have been carefully crafted to create the stylish and highly functional living spaces that have been satisfying Fieldgate homeowners for more than 55 years.For each new model home, Fieldgate selects the floorplan that best showcases life in their community and brings in one of their trusted interior design partners to make the home really shine. Combining todays hottest design elements, vibrant colour palettes and luxurious features and finishes, Fieldgates expert design partners work tirelessly to create positively exquisite models that GTA homebuyers are sure to love.

Visit Impressions in Kleinburg this weekend to see some of Fieldgates latest model homes. To learn more about any of Fieldgates fine communities, visit fieldgatehomes.com today.


FIELDGATE HOMES | Multi-Site


As the credit system continues to evolve in Canada, consumers are getting increasingly confused with a greater variety of credit products from a greater variety of financial institutions. In fact, the average Canadian gets more corre-spondence from financial institutions than they do from family and friends combined (what have we come to?). To further complicate matters, institutions are granting credit to consumers at a pace never seen before.

The combination of increasingly sophisticated marketing techniques to consumers coupled with more and more available credit truly becomes too much temptation for many people to bear. Consumer debt is a major issue in North America. The concept of keeping up with the Jones has destroyed both peoples financial health and their personal lives. What I am here to tell you is that you dont need to fall into this trap!

Here are some simple guidelines that will prevent you from becoming yet another consumer credit victim:

01 Control spending by knowing exactly where every dollar goes. Tracking your spending habits in detail periodically will enlighten you in ways that you never considered. While doing this on a monthly basis is not realistic, try to do this in detail for at least one month a year.Helpful tip: If you and your spouse spend $3 per day on coffee, this totals $1,095 per year. Depending on your tax bracket, this amount could represent over $2,000 in pre-tax income. Is the free coffee at your office that bad?

02 Watch your liquidity closely. Liquidity refers to your or your familys ability to pay its short-term debt obligations. Watching what available funds you have to pay upcoming debt obligations is fundamental to avoiding credit problems. Helpful tip: Think carefully before using purchase programs that require no payments for a set period. If you cant afford to pay for it now, should you buy it?

03 Develop a realistic budget and live by it always. A good budget must have specific financial goals with a clearly defined time horizon. Be sure to take into account all of your payments, including loans, utilities and dry cleaning. If you pay for it monthly, it should be allocated in your budget. You cant be too

//MORTGAGE FINESSE

Credit & debt management by CALUM ROSS

CALUM ROSS is senior vice-president and practicing mortgage agent with The Mortgage Centre. He has appeared

on Canada AM, Investment Television,

BNN and Citytv. He holds an MBA in finance and is an Accredited Mortgage Professional. He can be reached at 416.410.9905.

detailed. Most financially successful people are excellent financial planners. They have investment plans, loan repayment plans and a clear idea of how much time they need before they can purchase big-ticket consumer items. Helpful tip: Also be sure to budget for some kind of treat on a periodic basis. All work and no play often results in failure.

While these rules seem fairly simple, they are a little like a diet easy to start but tough to follow through. Despite popular opinion, material items will not bring you happiness.

While it may not seem like it today, forgoing that purchase to save for your childs education (or your retirement) may make you feel a lot better in the long run (despite what the commercials may lead you to believe).

Until next time happy home and mortgage hunting.

with over 40 years experience

Setting high standards with superior features.

foresthillhomes.ca*Prices & specifications are subject to change without notice. Finishes vary by Builder. See sales representatives for details. Renderings are artists concept. E. & O. E.

LOCATION DESIGN VALUE

DecorateD MoDeL hoMes now open

60-DAy mOVE-INS AVAILAbLE

A fabulous selection of freehold townhomes and singles in an established community.

starting from the $600s.

Sales Centre: 655 Cornell Centre Blvd., Cornell Centre Blvd. and 16th Avenue.

Fully upgraded, premium lots with thousands of extras now included. Semi detached homes

starting from the high $500s, 2,015 sq. ft.

Sales Centre: 471 Meadowridge Ct., East side of McLaughlin Rd., just North of Derry Rd.

Luxurious single detached homes on 46, 50 and 60 Lots. Starting from $1.7 million

Sales Centre: 679 Valley Vista Drive, Dufferin and Major Mackenzie

Jefferson Forest prestigious new home community. Freehold Townhomes and Singles

from the $700s.

Sales Centre: 53 Paper Mills Crescent, Yonge and Jefferson Forest

MIS

SIS

SA

UG

AM

AR

KH

AM

RIC

HM

ON

D H

ILL

TH

OR

NH

ILL

FORE-MUL-A-AD-NHC-MAR25-1.indd 1 2015-03-26 10:18 AM



//IN THE NEWS

Lowrise outsells highrise FOR FIRST TIME SINCE 2012

The first two months of the years new home sales have proven to be stable and on par with the 10-year average, according to the Building Industry and Land Development Association (BILD).

Total sales tallied 4,800 new homes with more lowrise than highrise sales for the first time since 2012 a result of a few strong project launches across the GTA in February.

The year is off to a stable start and its encouraging to see our sales figures meeting the 10-year average for new homes sold across the GTA, says BILD chairman Steve Deveaux.

We continue to monitor sales as one indicator of how the market is doing. We have a healthy demand, but we cannot ignore that the supply of housing and choice in housing type is limited due to the under-serviced land, designated for development in the GTA.

In the month of February, there were 2,798 total new homes sales with 1,465 lowrise up 17 per cent from last February and 1,333 highrise, up nine per cent from this time last year.

According to the RealNet New Home Price Index, the average price for a new lowrise home hit a new record high at $733,578 and the average highrise price remained stable at $442,672. The price gap between low and highrise homes continues to grow. In February, it was $289,906.

FEBRUARY 15 LOWRISE HIGHRISE TOTALREGION 2013 2014 2015 2013 2014 2015 2013 2014 2015DURHAM 182 184 199 5 5 23 187 189 222HALTON 74 198 184 42 93 128 116 291 312PEEL 284 407 483 26 38 55 310 445 538TORONTO 55 50 52 787 1,020 955 842 1,070 1,007YORK 491 415 547 176 71 172 667 486 719GTA 1,086 1,254 1,465 1,036 1,227 1,333 2,122 2,481 2,798JAN-FEB 1,662 2,356 2,594 1,699 2,320 2,206 3,361 4,676 4,800

Source: RealNet Canada Inc.

NOW OPEN

LiveAtRiverside.ca 905-605-2372

OLDE WOODBRIDGE

Prices and speci cations are subject to change without notice. E. & O.E. Renderings are artists concept.

$400sTWO STOREY URBAN TOWNS STARTING FROM THE

Everything you could ask for, virtually in your backyard. The serenity of the East Humber River. The timeless elegance of downtown Woodbridge. The convenience of shopping at Market Lane. Access to all modes of transportation. The intimacy of a small community.

INTRODUCING AN INTIMATE ENCLAVE OF URBAN TOWNS BY THE RIVER

Sales Of ce located at 177 Woodbridge Avenue.Hours: Mon. - Thurs: 1pm - 7pm.Sat. & Sun.: 11am - 6pm

ROSE-RIV-A-AD-NHC-MAR23-1.indd 1 2015-03-24 9:05 AM

43


//INDUSTRY OUTLOOK

HUGH HERON is Principal and Partner in the Heron Group of Companies and President of Heathwood Homes, as well as a former Member of the Board of Directors of Canada Mortgage and Housing Corporation, and a Past President of the Toronto Home Builders Association and the

Ontario Home Builders Association.

by HUGH HERON

If theres one buzzword in todays new home building industry that has consumers confused, its Green. Intended to indicate materials, features and building techniques that are environmentally friendly, or leave less of an environmental footprint, the word is sometimes misused.

However, if we accept environmental friendliness as the main goal of Green, then todays new homes in Ontario fit that standard by design. The Ontario Building Code is continually being updated, and as of Jan. 1, 2012, every company applying for a building permit in Ontario has to comply with EnerGuide 80 levels of energy efficiency. The result is less wear and tear on the environment and utilities cost savings for owners.

Add to that third-party rating systems such as Energy Star and LEED, and in the case of some builders, Green programs that go above and beyond, and the picture looks even brighter. For example, at Heathwood Homes, we have created our own Green Home Energy Program that combines Energy Star features and many other environmentally friendly elements.

If you are considering purchasing a new home and Green characteristics are important to you, find out what each of the builders you are considering means by the word. Calling something Green does not necessarily mean that it is good for you

LIVING GREEN What it means in todays new homes

and/or the environment. Think about and research claims according to potential harm and obsolescence.

For example, when the ecology became a focus in Canada in the 1970s, builders installed urea-formaldehyde foam insulation (UFFI) in homes with the belief that it would be more energy efficient and help the environment. We were misinformed, and the product had not gone through enough testing. When it was installed improperly, it caused overexposure to the toxic formaldehyde. Its use was banned in Canada in 1980. Ask whether the products you see promoted as Green are well tested and proven effective.

Going back to the 1970s again, remember the initial hype about solar energy? That form of energy harvesting was introduced too early in its development and was not effective in the early days. We are hearing about solar energy again today, but we have to question whether it is advanced enough to make an actual difference to homeowners. Time will tell with thermal energy and windmills as well. The jurys not in on any of these as far as effectiveness.

It seems to me that the Green concept is advancing at a rapid rate. Another question to ask is whether the environmentally friendly features being advertised will be obsolete in a short time. The new homes of today are the resale homes of tomorrow, so you want to ensure your choice is as advanced as possible.

The bottom line is to choose your green criteria wisely when you are new home shopping, and keep in mind that adding elements to save on energy and water usage often add to the cost of your home.

At Heathwood Homes, we decided to find out for ourselves the real impact of certain green elements. We developed a Green demonstration model home in Richmond Hill to monitor how efficient various advanced conservation features, environmentally friendly systems and materials actually are. For us, it was about using common sense rather than jumping to other peoples conclusions.

Certainly, if environmental friendliness is important to you, and it is with most new-home buyers today, ask the appropriate questions of the sales representatives and do some research on your own. With so much information available on the Internet, you will find a variety of sources to consider. The good news is that new home builders are making more environmentally conscious choices than ever before!

Calling something Green does not necessarily mean that it is good for you and/or the environment.

Heathwood.comPrices and specifications are subject to change without notice. E. & O. E. Renderings are artists concept.

* Does not apply to all Townhome Models, please see sales representative for more details.

Whitbys finest new master planned community at Taunton Road and Country Lane.

NOW UNDER CONSTRUCTION ONLY REMAIN

PREVIEW OPENINGA SPECTACULAR COLLECTION OF LUXURY HOMES!

TOWNHOMES, SEMI-DETACHED AND SINGLE FAMILY HOMES. Come out and visit our Spectacular Designer Decorated Model Home!

Luxury Singles and Semis come included with Fully Finished Lower Levels.*

$500sStarting fromthe lowSales Office Location and Hours:

10 Rising Hill Ridge.Brampton, ON L6Y 0C3647-287-7042

Monday to Thursday: 1pm - 8pm. Friday: CLOSED. Saturday, Sunday & Holiday: 11am - 6pmThe Primrose B.

Just steps from Yonge St. in the heart of Richmond Hill, luxurious 3 bedroom urban towns. Starting from $484,900 MOVE IN THIS SUMMER!

COMING TO WHI TBY REG ISTER NOW

REGISTER TO BE INCLUDED IN OUR

VIP PROGRAM

50% SO

LD

HEAT-MUL-A-AD-NHC-MAR25-1.indd 1 2015-03-25 1:36 PM

THE GUIDE TO BUYING AND MANAGING YOUR FIRST HOME416.626.48891 YOUR FIRST HOME WINTER 2015

THE GUIDE TO BUYING AND MANAGING YOUR FIRST HOME

SPEC IAL ED I T ION

HOME&CONDO

WINTER/SPRING 2015 FREE

+Expert tips to

DECORATE YOUR FIRST HOME

Trends in lowrise & highrise homesYour guide on where and what to buy

WHAT TO CONSIDER BEFORE GETTING YOUR FIRST MORTGAGE

YFH 02-07-15_master.indd 1 15-02-03 7:10 PM

Limited first release of 40 & 45 LotsREGISTER NOW FOR DETAILS AND EXCLUSIVE OFFERS!

From two trusted builders comes an exciting new collection of single family homes in Brampton! Queensgate and

Avalee invite you to register online today to be the first to view The Vales of the Humber, and let us build your dream

home in Bramptons finest new community! Most desirable location in Brampton. Close to Pearson Airport and major highways, 427, 410, Hwy 7. Surround yourself with nature in Bramptons Newest Community!

$640sStarting from the

QueensgateAvalee.comPrices and specifications are subject to change without notice. All renderings are artists concept. E. & O. E.

INCREDIBLE VALuEF O R L U X U R Y H O M E S I N B R A M P T O N

REGISTERNOW

fOR AN ExCLuSIVE

bonus package!

Here is your

opportunity to be

the first to view

our collection at

the Vales of the

Humber. Select

from our limited first

release lots PLuS take advantage of

incredible opening weekend prices!

QUEE-VAL-A-AD-NHC-MAR26-1.indd 1 2015-03-26 10:56 AM

ANDRINHOMES.COM

2 STOREY TOWNHOMES 3 STOREY TERRACE TOWNHOMES

Starting from the$600s

The Ultimate Upper Thornhill AddressThe epitome of luxury and class, Claridge Gate will refl ect the ultimate in sophisticated living.

Offering a spectacular array of two and three level townhomes, Claridge Gate will bring convenience

and lifestyle to the heart of Thornhills most sought after neighbourhood.

For an opportunity to live in one of Thornhills most anticipated addresses,

register at andrinhomes.com today!

REGISTER NOW

Prices and specifi cations are subject to change without notice. E. & O.E. Renderings are artists concept.

ANDR-CLA-A-AD-NHC-MAR11-2.indd 1 15-03-12 10:53 AM

48

NOWOPENNOWOPEN

43 MODERN FREEHOLD TOWNHOMESSTARTING FROM THE LOW $600s

VISIT OUR SALES CENTRE1900 Major Mackenzie Dr. W.905.553.0288

Monday Thursday: 1pm 7pmFriday By appointmentSaturday, Sunday & Holiday: 11am 6pm

ChelseaTowns.com

Rendering is artists concept. Prices and specifi cations are subject to change without notice. E. & O. E.

DU

FF

ER

IN S

T.

MARSHALLSPRESENTATIONCENTRE

PE

TE

R R

UP

ER

T A

VE

.

HIL

L S

T.

STA

TIO

N S

T.

HILL ST.

TR

OO

N A

VE

.

EAGLE ROCK WAY

McNAUGHTON RD. McN

AU

GH

TO

N R

D. E

.

MAJOR MACKENZIE DR. W.

N



//COMMUNITY FOCUS

The epitome of upscale living at CLARIDGE GATE

A ndrin Homes introduces luxurious townhomes to one of the most sought-after locations in Thornhill. Claridge Gate is situated in an exclusive enclave located at Bathurst Street, just south of Teston Road, in a prime area of deluxe single-family homes.

Claridge Gate offers the splendour of upscale living, combined with a much-desired address. Stationed in the upper Thornhill estates, this community is close to a full repertoire of amenities, including the VIVA transit service, a wide selection of schools, shopping, restaurants and a variety of professional services. In addition to easy access to major thoroughfares such as the 407 and 404, Claridge Gate is also positioned to take advantage of a wide range of recreational options such as golf, hiking and seasonal activities.

Priced from the low $600s, only 117 townhomes, ranging in size from 1,657 to 2,167 sq. ft., will be available at Claridge Gate, adding to the exclusivity of this $1-million neighbourhood of Upper Thornhill.

Sophisticated living is at its finest with two exclusive townhome collections The Regency Collection, and the Terrace Collection.

The Regency Collection features two-storey designs with a generous backyard. Interactive, open-concept floorplans include a centre island with an extended breakfast bar and eating area, as well as a dining/living room combination. A separate den on the same level offers a quieter retreat. The master bedroom is lavishly appointed with decorative tray ceilings, as well as a large walk-in closet, and a free-standing tub and separate shower enclosure in the ensuite bathroom.

The three-storey Terrace Collection offers flexibility with three- and four-bedroom layouts. The main floor includes an open-concept kitchen, Great Room


LOCATION Thornhill

HOUSING TYPE Single-family homes and townhomes

CONTACT andrinhomes.com

ANDRIN HOMES | Claridge Gate

Sophisticated living is at its finest with two exclusive townhome collections The Regency Collection, and the Terrace Collection.

and designated dining areas. The living space is expanded with a wonderful outdoor terrace, and further options are available on the first level with the possibility of a family room, or a guest bedroom with a private bathroom. Again, decorative tray ceilings augment the well-appointed master bedroom retreats that also include a separate shower enclosure and an oval tub, as per plan.

Andrin Homes has been building award-winning communities for more than two decades. When choosing a location for a new community, Andrin combines intuitive insight along with the fundamental qualities that are required for making a great neighbourhood a great place to call home.

When it comes to location, amenities, housing designs and quality of life, Claridge Gate has it all.

To be a part of the spring preview launch, register at andrinhomes.com


//LEGALLY SPEAKING

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, mail, deliver or fax letters

to the magazine or to the firm, email

([email protected]) and give us your

questions, concerns, critiques and quandaries.

by JAYSON SCHWARZ

Financing and hidden tricks

I cannot believe how certain builders (Vendors) try to take advantage of new-home buyers on the issue of mortgages. There is an attempt to squeeze extra money from innocent purchasers through certain clauses inserted into the Agreement of Purchase and Sale, that change something good into a potential trap for the unwary buyer:

1. The purchaser agrees to apply to a lending institution designated by the Vendor... to assume any existing first mortgage... The first mortgage shall bear interest to be fixed by the lending institution at a rate not to exceed per cent and have about years to run...

This clause makes sense and allows certainty for both sides. Where the buyer is potentially damaged is when this clause is combined with clauses two or three that follow:

2. If at any time prior to the completion of the sale, the Vendor determines that it is unable for any reason whatsoever to arrange first mortgage financing for the subject property with a lender of its choice, this Agreement may, at the Vendors option, be declared null and void and the deposit money returned to the Purchaser without deduction or interest.

This is scary. First of all, you have a Vendor with no restrictions or obligation to be reasonable, and this Vendor will probably react only out of self-interest. Our poor buyer, if terminated, doesnt even get interest on his deposit and this clause could be used right up to closing.

3. It is agreed and understood that the term of the first mortgage may be varied at the option of the Vendor, by decreasing it by not more than 20 per cent of the total term... In the event the vendor has not received a mortgage commitment... above described, Purchaser agrees to accept such mortgage upon such terms and at such interest rate as the Vendor is able to arrange, provided that the interest rate . . . shall not exceed the interest rate shown above by per cent...

This clause gives the builder the unrestricted option to reduce the term, as an example from five to four years (lowering the cost of money), and increase interest over what

you thought you were getting at the beginning. A fairly sneaky builder could get a commitment that builds in a percentage of your mortgage payments as a bonus to the builder. This clause could be used by an unscrupulous builder, to the extreme detriment of an innocent purchaser.

4. Sometimes a mortgage schedule is buried in the back of the Agreement. I recently reviewed one with a clause allowing the builder to terminate if the buyer did not provide him an acceptance letter for financing from an institution within 10 days of acceptance of the offer.Hmmm, closing in two years but we need to give the letter now. Good luck, and if not, the builder has the right to terminate any time up to closing.

So, what should you do?a) Amend clauses like 2, 3 and 4 if they appear in your offer, or dont firm up. Request the option to seek your own financing, and get it in writing.b) When you see clauses like 2, 3 and 4 above, be suspicious especially if they are buried in fine print, and question whether you can trust a builder who does this.

The moral of the story is to make sure that the offer is conditional for a few days on both financing and review by a lawyer. It is critical you get the right advice and only a lawyer can provide legal advice. That is the law. When you select a lawyer, find one who cares about you and a long-term relationship.

*Certain Terms and Conditions shall apply. Full disbursement disclosure.

TORONTO OFFICE1984 Yonge St.,Toronto

Ontario M4S 1Z7

416.486.2040 Toll Free: 1.888.609.8888

Fax 416.486.3325

BRAMPTON BRANCH OFFICE10 Wilkinson Rd. Unit 22., Brampton, Ontario L6T 5B1

905.455.5777Toll Free: 1.888.609.8888

Fax 905.452.8135

Quality legal services at the right price*

$849plus HST

BUYING, SELLING OR REFINANCING A HOME?YOU NEED A LAWYER!

Helping YOU make your home buying dream a reality.

www.schwarzlaw.ca

For Free Offer ReviewCall

Whether youre renting or buying, finding your next home has never

been so easy.



IN THIS SECTION

>> Maps and listings for new-home communities in the central and north region>> Builder news and the latest in new homes in the central and north region

Showcasing new homes in the GTAs central and north regions

April 4 - 18, 2015


//IN THE NEWS

A tale of two marketsTOLD BY CREAS REVISED RESALE FORECAST

Canadian real estate isa tale of two markets the Prairies, and the rest of the country, according to the latest resale forecast by the Canadian Real Estate Association (CREA). But the bottom line is lower national sales in 2015, due to decreased home sales in Alberta.

National sales are now projected to reach 475,700 units in 2015, representing an annual decline of 1.1 per cent. This would place annual activity slightly above but still broadly in line with its 10-year average, CREA reports.

Looking into 2015, CREA predicts an uptick in activity across most provinces, thanks to the weakened Canadian dollar, mortgage rate declines and the boost in the U.S. economy.

But that wontpositively impactthe resale forecastfor the Prairie provinces, where sales are expected to drag thanks to further declines in oil prices prompting potential buyers to wait while sellers continue to list. The biggest impact will be in Alberta, where home sales in 2015 are expected to fall 19.3 per cent well below the elevated pace set in the last three years of sellers market conditions.

In the face of Albertas high-supply-low-demand scenario, Ontario and British Columbia are singing a very different tune with tightening inventory and increasing demand, resulting in price gains that surpass inflation this year at 2.5 and 3.4 per cent, respectively. This is no surprise in Vancouver, which has long been the priciest market in the country, and in Toronto, where the average single-family home surpassed the $1-million mark in February, according to the Toronto Real Estate Board.

Prices are expected to remain stable in other provinces, with the exception of Alberta, where average price is forecast to fall by 3.4 per cent, reflecting a pullback in sales for luxury properties compared to homes in more affordable price segments, according to CREA.

But as they say, what goes up must come down and vice versa. Looking ahead at 2016, national home sales are expected to increase 1.7 per cent to 482,700 units in 2016, in line with the anticipated economic recovery in Alberta and Saskatchewan. Meanwhile, anticipated mortgage rate increases are expected to keep activity in check in markets where homes are already less affordable and prices have continued rising, according to CREA, which forecaststhe national average price to rise by a further 1.9

gta new home guide - apr 4, 2015

Documents