gta new home guide - jan 19, 2013

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

KING RD

MAJOR MACKENZIE

MAJOR MACKENZIE

RUTHERFORD RD

HWY 7

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Make your move at aspenridgehomes.com

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ours: M

onday Thursday 1pm 8pm

, Friday C

losed, Saturd

ay Sund

ay 11am 6p

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spen Ridge H

omes. P

rices and specifications are subject to change. See sales representative for details. A

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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

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STEELES AVE.

HWY 407

SALESOFFICE

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KING VAUGHAN ROAD

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RD

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SALESOFFICE

NORTH

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HW

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:(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

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

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

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

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

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$370sSTARTING FROM THE HIGH $500sSTARTING FROM THE LOW

MARKHAM

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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

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


289.891.9103

Now OpenBLOOM PARK TOWNS

Design Forward TownhomesBathurst St. & Finch Ave., North York


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


905.825.3619

Now PreviewingTHE ENCLAVES OF UPPER CANADA

Semi Links & 30' Detached HomesGuelph St. & MacFarlane Dr.,

Georgetown


289.891.9103

Now OpenBLOOM PARK TOWNS

Design Forward TownhomesBathurst St. & Finch Ave., North York


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.


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.



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


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


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!



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.


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.



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


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


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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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 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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editorial Submissions from interested parties will be considered. Please submit to the editor at [email protected].

Please recycle this magazine! Wall2Wall Media 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.

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

010 Contributors_Masthead_JY-WK.indd 10 1/15/13 1:38:06 PM

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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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

014 Jayson-Offer Review_AY-WK.indd 14 1/15/13 11:47:48 AM

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

015-Schwarz 09-15-12 copy.indd 15 1/14/13 12:26:45 PM

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

016 News Brookfield Pathways CHBA_JY-WK.indd 16 1/15/13 11:47:56 AM

017-Brookfield-Corp 01-19-13.indd 17 1/15/13 10:58:16 AM

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.

18 New Home GuIde GTA | jAn 19 - FeB 2, 2013

018 BILD Report_JY-WK.indd 18 1/15/13 11:48:01 AM

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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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020-021-Geranium-Corp 01-19-13.indd 20 1/14/13 12:26:49 PM

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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21

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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

022 Builder Perspectives Geranium_JY-WK.indd 22 1/15/13 11:48:05 AM

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

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H O M E

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023-Starlane-Corp 01-19-13.indd 23 1/14/13 12:26:53 PM

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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JAN 19 - FEB 2, 2013 | NEW HOME GUIDE GTA 25

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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.


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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

027-Rosehaven-Corp 01-05-13.indd 27 1/14/13 12:26:56 PM

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

028-029-030 chba awards_DN-WK.indd 28 1/15/13 11:48:17 AM

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


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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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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032-033 Cover story Aspen Ridge_JY-WK.indd 32 1/15/13 11:48:29 AM

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

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owners use the various rooms is phenomenal.

jan 19 - feb 2, 2013 | new home guide gta 33

032-033 Cover story Aspen Ridge_JY-WK.indd 33 1/15/13 11:48:33 AM

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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.

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036-037 CF Madison_AY-WK.indd 36 1/15/13 11:48:39 AM

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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

036-037 CF Madison_AY-WK.indd 37 1/15/13 11:48:43 AM

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

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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

038 industry news-skyline acquisition_AY-WK.indd 38 1/15/13 11:48:47 AM

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

040-041 Mortgage Minute-Not all lines of credit are created equal_JY-WK.indd 40 1/15/13 11:48:50 AM

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

gta new home guide - jan 19, 2013

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