southwestern ontario new home & condo guide - february 2, 2013

February 2 - 16, 2013 Volume 16 Issue 02

INSIDE THIS ISSUE

SWO ECONOMY TO GAINFROM U.S. GROWTH

CITY FOCUS: HAMILTONSTILL HUMMING ALONG

WHY NOW IS A GOODTIME TO BUY NEW

MODEL HOMEGRAND OPENING!

001-SWO NHG_Cvr_02-02-13.indd 1 1/30/13 2:51:13 PM

The Deal of a Lifetime.

Prices, sizes and specifications are subject to change without notice. E.&O.E. Map not to scale. *Please see Sales for full details. Exclusive listing brokerage: TFN Realty Inc. Brokers Protected.

COMING SOON: 42’ HOMES

34’ Detached Homes from

$346,990

TRUE Freehold Towns from

$276,990

STONEY CREEK

@EmpireVictory

22 Green Mountain Rd. W., STONEY CREEK 905.930.7934

facebook.com/EmpireWyndfield

facebook.com/EmpireSummerlea

facebook.com/EmpireVictory

44' Detached from

$311,990

4 MODELS TO TOUR

36' Detached from

$281,99030' Detached from

$229,990


$191,990

BRANTFORD

@EmpireWyndfield

310 Blackburn Dr., BRANTFORD 519.756.4554

4 NEW MODELS COMING SOON

36’ Detached from

$321,99030’ Detached from


$371,990


$221,990

HAMILTON

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3 Binhaven Blvd., BINBROOK 905.692.6000

Get the best price on your new Empire Communities home and historically low interest rates. All of our amazing communities are master‑planned, with parks, schools and friendly front porches. Buying now is truly the deal of a lifetime.

There’s never been a better time to buy an Empire home.

The whole world is right at your fingertips.

• Guaranteed Lowest Price • Guaranteed Historically Low Interest Rates • Guaranteed Great Service • Guaranteed Amazing Community • Guaranteed Energy Savings

Act now and get*…

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OPEN 7 DAYS A WEEK: Mon-Thurs 1-7pm, Fri 1-6pm, Sat, Sun & Hol. 11am-5pmMississauga

Toronto

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Cambridge

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orial Pkw

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401 8

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56

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Clarence

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enni

al P

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GreenMountain RdRymal Rd

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Conklin

Shellard Mt. PleasantWarner

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EMPI 4943 Jan-Feb_NHSWO-F.indd 1 2013-01-30 11:21 AM002-003-Empire Communities 02-02-13.indd 1 1/30/13 1:04:02 PM

The Deal of a Lifetime.

Prices, sizes and specifications are subject to change without notice. E.&O.E. Map not to scale. *Please see Sales for full details. Exclusive listing brokerage: TFN Realty Inc. Brokers Protected.

COMING SOON: 42’ HOMES

34’ Detached Homes from

$346,990


$276,990

STONEY CREEK

@EmpireVictory

22 Green Mountain Rd. W., STONEY CREEK 905.930.7934

facebook.com/EmpireWyndfield

facebook.com/EmpireSummerlea

facebook.com/EmpireVictory

44' Detached from

$311,990

4 MODELS TO TOUR

36' Detached from

$281,99030' Detached from

$229,990


$191,990

BRANTFORD

@EmpireWyndfield

310 Blackburn Dr., BRANTFORD 519.756.4554

4 NEW MODELS COMING SOON

36’ Detached from



$371,990


$221,990

HAMILTON

@EmpireSummerlea

3 Binhaven Blvd., BINBROOK 905.692.6000

Get the best price on your new Empire Communities home and historically low interest rates. All of our amazing communities are master‑planned, with parks, schools and friendly front porches. Buying now is truly the deal of a lifetime.

There’s never been a better time to buy an Empire home.

The whole world is right at your fingertips.

• Guaranteed Lowest Price • Guaranteed Historically Low Interest Rates • Guaranteed Great Service • Guaranteed Amazing Community • Guaranteed Energy Savings

Act now and get*…

Your time is now.



EMPIRE IS ENERGY STAR PLUS! EmpireCommunities.com

OPEN 7 DAYS A WEEK: Mon-Thurs 1-7pm, Fri 1-6pm, Sat, Sun & Hol. 11am-5pmMississauga

Toronto

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Cambridge

Colborne

Veterans

Mem

orial Pkw

Gretzky

401 8

403

QEW407

56

Lincoln PWY

Binbrook Rd

N

Clarence

Paris

QEW

Colborne

Hwy.

20/

Cent

enni

al P

WY

GreenMountain RdRymal Rd

Summerlea

Blac

kbur

n

Conklin

Shellard Mt. PleasantWarner

Wynd�eldWynd�eld

Brantford HamiltonBrantford Hamilton

StoneyCreek

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BW-NHC_SWO-0113.pdf 1 13-01-25 1:47 PM

4

004-005-BW Homes 02-02-13.indd 4 1/30/13 1:04:18 PM

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mattamyhomes.com

All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

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There’s a mature forest bordering the community, so evening walks will be inspirational. Neighbourhood paths will be connected to the Huron and Trillium natural trails.

There is a school planned to be built right into the community and there will be local shops adding to the convenience of living here. Wildfl owers will offer a wide selection of stylish and

affordable Townhomes and elegant Detached Homes. There will be a wide variety of architecture to add individual character to each streetscape.

Soon inspired living will open in Kitchener.

Wildflowers Will Soon Come To Life In Kitchener.

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FEBRUARY 2 - 16, 2013 | NEW HOME & CONDO GUIDE SWO 7

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contents FEBRUARY 2 - 16, 2013 || VOLUME 16 ISSUE 02

GERANIUM HOMES opens new model homes at The Village at Sally Creek in Woodstock

p.14cover story

IN EVERY ISSUE10 EDITOR’S NOTE

75 HOT DATES

76 AD INDEX

COLUMNISTS24 MONEY MATTERS

12 steps to gettingfinancially organizedby Gail Vaz-Oxlade

40 HHHBA REPORT Hamilton housing market holding its ownby Mathieu Langelier

62 QUICK TIPS The impact of ‘stuff’by Hellen Buttigieg

66 THE MORTGAGE MINUTE Why real estate investingstill makes senseby Peter Kinch

77 FUNDAMENTALLY SPEAKING Planning to buy new? Now is still a good time to buyby Wayne Karl

regular and special featuresIN THE NEWS16 BMO

Stronger U.S. growth to support economy in SWO

18 WRHBADavid Chilton to speak at WRHBA’s Industry Luncheon

30 EMPIRE COMMUNITIESpartners up for a new community in Niagara

HOMEBUYERS’ HELP19 HOT SHEET

Waterloo22 TAX MATTERS

Canadians juggle various needs with retirement plans

31 HOT SHEET Hamilton

56 CITY FOCUS Hamilton – still humming along

60 HOT SHEET London

69 HOMEBUYERS’ RESOURCES Mortgage Calculator & Rate Table

36 MULTI-SITERosehaven Homes2013 promises to be a grand year for Rosehaven Homes

44 GEORGETOWN Menkes DevelopmentsEnclaves of Upper Canada anEnergy Star community bordering conservation lands

48 BURLINGTON Adi Development GroupMod’rn Condominium brings contemporary style to Burlington

52 BEAMSVILLE Homes by DeSantislaunches innovative $10,000cash back program at Lincoln Square

community focus features

36

44

48

52

008 TOC_AY-WK.indd 8 1/31/13 1:49:43 PM

mountainview.com | 905-323-6232

FONTHILL RIDGEWAYWELLAND BEAMSVILLENIAGARA FALLS THOROLD NIAGARA FALLSNIAGARA FALLS

good things come frozen.Mountainview’s prices ice creamice skating

To celebrate the chilly winter, we’ve frozen our 2012 prices

at all Mountainview communities!

plus for a limited time receive$3,000 off townes $5,000 off singles!

february 2 - 16, 2013 | New home & coNdo guide Swo 9

009-Mountainview Homes 01-19-13.indd 9 1/30/13 1:55:07 PM

VICE-PRESIDENT, WALL2WALL MEDIAJacqueline Hill

ASSOCIATE PUBLISHERSusan Maxwell

EDITOR-IN-CHIEF, NATIONAL REAL ESTATESusan Legge

ART DIRECTORJulie Yoo

EDITORWayne Karl

CONTRIBUTING EDITORSJanine DrueryElisa KrovblitSilvana Longo Lydia McNutt (on leave)Sara Duck (on leave)

DISTRIBUTION & SALES CO-ORDINATORJennifer Bistron

ADMINISTRATIVE ASSISTANTAntoinette Jackson

MANAGER OF PRODUCTIONBala Gnanapandithan

CO-ORDINATOR Laura Northmore

GRAPHIC DESIGNERAlexander Yakubovich

NATIONAL ACCOUNT MANAGER, MEDIATIVE Paul Slizys

CONTRIBUTING WRITERSJoanne KeenanJeffrey Reed

PUBLISHED BY

Wall2Wall Media is a trademark of Yellow PagesGroup Co. in Canada.

#500-401 The West MallEtobicoke, ON M9C 5J5T 416.626.4200 F 416.784.5867

ADVERTISING: Call Susan Maxwell at 416.580.1654 FAX: 416.784.9554 Toll Free: 1.877.269.8257, follow prompts, ext. 4260;e-mail: [email protected] Office hours are Mon-Thurs. 9-5; Fri. 9-12

CIRCULATION: Free distribution. Published bi-weekly from Sept.-Nov. & from Feb.-June and monthly in June, July & Dec.

TERMS: Advertisers, Editorials and New Home & Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E.

EDITORIAL: Submissions from interested parties will be considered. Please submit to the address above, to the attention of the Editor.

COPYRIGHT 2013: All rights reserved by New Home & Condo Guide, Toronto, Ontario. 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.

e d i t o r ’ s n o t e

Much like that bank commercial that says, “You’re richer than you think,” a new home may be more affordable than you originally

thought. Perhaps you need only to change your de� nition of “home” to get into the market.

While a detached home is the traditional choice for many, highrise and lowrise suites, lofts and townhomes have become a prime choice among � rst-time buyers and empty nesters in the market for new place to call home.

Not only does townhouse and condominium living afford you the opportunity to live in a prime neighbourhood at a great starting price, when it’s

time to move you can often opt to remain in the same neighbourhood, since many communities offer a mix of designs and sizes, which allows families to relocate easily without having to change jobs or schools.

Today’s communities generally have a range of sizes and prices that start at the “affordable” end of the price spectrum. This winter, many builders and developers are gearing up for their grand openings and have new communities available for quick occupancy. It’s an exciting time to be shopping for a new place, so don’t miss this excellent buying opportunity.

Have a look through this issue and see what you think. The home of your dreams is waiting.

Susan Legge EDITOR-IN-CHIEFWall2Wall Media, [email protected]

Follow me on Twitter at Twitter.com/SusanLegge

Think you can’t afford a home?It’s more aff ordable than you fi rst thought

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.

No one can debate the increasing popularity of highrise home options in Ontario over the last 10 years or so. Recent statistics from home

building associations in Southwestern Ontario, the GTA and elsewhere in the province illustrate to what degree condos are an increasingly favoured new home choice, due to price point, proximity to amenities and other reasons.

Hamilton, for example, is seeing a shift towards higher-density housing, while lowrise starts are seeing more concentration in surrounding communities. In his column on page 40, Hamilton-Halton Home Builders’

Association Executive Of� cer Mathieu Langelier cites some of the challenges facing his industry – chief among them a lack of available land and regulatory hurdles.

The net result for lowrise homes – in Hamilton and elsewhere in the province – is lower levels of supply and higher prices. Since such issues are not going to be resolved overnight, lowrise opportunities that do come available are usually snapped up by the market. For quali� ed buyers, this means continuing strong performance of this home type.

Wayne Karl EDITORWall2Wall Media, [email protected]

Follow me on Twitter at Twitter.com/WayneKarl

High performance in lowriseChallenges notwithstanding, there’s no denying the strength of lowrise homes

10 NEW HOME & CONDO GUIDE SWO | FEBRUARY 2 - 16, 2013

010 Editors Page_SWO_AY-WK.indd 10 1/31/13 1:50:05 PM

For community updates and more follow us on:

Register now on your mobile device

HomesByDeSantis.com

$10,000CASH BACKOn All Freehold Townhomes! Limited Time Only!

IMPORTANT: Take Ontario St. (Hwy #18)/Beamsville Exit #64Do Not Take Ontario St./Grimsby exit

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c o v e r s t o r y

Now it’s even easier to envision yourself as part of The Village at Sally Creek, Woodstock’s premier four-season adult-lifestyle community. Once again, Geranium Homes has collaborated with award-winning design team Bryon Patton and Associates

to complete three new model homes. The models showcase how easy it is to live comfortably in a home that’s sized just right. In a perfect com-bination of thoughtful design, construction quality and interior finishes, Patton’s décor demonstrates the incredible features in Geranium’s col-lection of semi-linked and fully detached bungalows and bungalow-lofts in this established neighbourhood.

An elegant 1,804-sq.-ft. two-bedroom detached bungalow, The Bayside “Country Estates” is decorated in earth tones with accents of blues and

GERANIUM OPENS NEW MODEL HOMES

to help you right-size your lifestyle

yellows. Natural woods and rich leather enhance the welcoming atmosphere. This home features a Great Room with a gas fireplace and cathedral ceiling, kitchen with an island breakfast bar, sun-filled morning room and open-concept living/dining room.

The exceptional Wentworth model with optional loft is a grand 2,716-sq.-ft. residence. Inspired by Florida’s sparkling Gulf Coast, Patton calls this decor “Sanibal Sunset” and used a palette of sunny yellow

01

14 New home & coNdo guide Swo | february 2 - 16, 2013

014-015 Cover Story Geranium_AY-WK.indd 14 1/31/13 1:50:12 PM

and crisp white with pops of bold accent colours and lively textures. The home’s vo-luminous Great Room flows into the expan-sive kitchen and dining area.

The Ryder collection semi-link model 2902 is built with both the optional loft and finished walkout basement for a total living space of 3,061 sq. ft. This “Deco Villa” model features a combination of antique elements and art deco style. The loft-space overlooks the large Great Room and the kitchen is a delight to entertain in with its huge wraparound breakfast bar.

Sally Creek residents can walk to the nine-hole executive golf course and year-round Bistro and Geranium’s purchasers re-ceive a free one-year golf club membership for two. Every home in the adult-lifestyle neighbourhood comes with membership to the community’s Recreation Centre, the first phase of which is completed and in use. Sally Creek also features stone entry gates, gazebos, gardens, pedestrian-friendly streets, plenty of greenspace and trails.

Geranium’s residences are 2012 Ener-gy Star for New Homes rated (the highest available), third-party tested and verified, for savings from the day you move in. Exteriors combine long-lasting, low-maintenance clay brick, stone veneer and Hardie Board sid-ing. Interiors have nine-ft. main floor ceil-ings, quality kitchens with extended-height cupboards, ceramics, laminate flooring and beautiful broadloom (all as per plan).

Geranium’s semi-linked bungalows on walk-out basement lots range from 1,391 to 1,604 sq. ft. for standard plans, prices start at $289,900 to $334,900. Some premium lots backing onto the golf course are available. Seven fully detached designs range from 1,479 to 2,067 sq. ft. on 50-ft. lots overlooking the golf course. Prices start from $339,900 to $424,900. Loft options are available on some plans, plus finished basement space on the semi-linked walkout designs. A $10,000 Upgrades Bonus is now offered, plus a Rogers package of services. Closing dates are available starting summer 2013.

Geranium Homes has received the highest industry awards: The Building Industry and Land Development (BILD) Association’s 2012 Home Builder of the Year and the 2011 Canadian Home Builders’ As-sociation Grand SAM Award.

Woodstock is home to 350 hectares of parkland and open spaces, live theatre, a hospital, local transit system, recreation facilities, social clubs, dining, shopping and a farmer’s market.

The Geranium Homes sales centre is on fairway road at Vansittart avenue (Hwy. 59 in Woodstock). Hours are 11 a.m. to 5 p.m. Saturday to Wednes-day. Closed Thursday and friday. Call Geranium at 519.290.3466 or 855.457.2559 or visit geraniumhomes.com

geRANium homeS The Village at Sally Creek

fairway road at Vansittart avenue (Hwy. 59 in Woodstock), open 11 a.m. to 5 p.m. Saturday to Wednesday. Closed Thursday and Friday

Woodstock

locAtioN

Semi-linked and fully detached bungalows and bungalow-lofts

houSiNg type

519.290.3466 | 855.457.2559 geraniumhomes.com

SAleS ceNtRe

coNtAct

pictuRed

01 Bayside – living/dining room 02 Wentworth – Optional loft 03 Ryder – kitchen with loft

02

03


014-015 Cover Story Geranium_AY-WK.indd 15 1/31/13 1:50:20 PM

i n t h e n e w si n t h e n e w s

Continued investment in the auto seCtor

represents a bright spot for the Ontario economy, according to the latest Provincial Monitor report from BMO Economics. Real GDP is expected to grow at the national average of 1.7 per cent in 2013, with momentum picking up later in the year once U.S. growth begins to run at a three per cent-plus clip.

“While auto production has leveled off in recent months, output in the sector was still up 16 per cent year-over-year in 2012,” says Robert Kavcic, senior

economist, BMO Capital Markets. “Auto producers continue to invest in North America and, despite a strong currency and higher labour costs compared to the southern U.S. and Mexico, Ontario is no exception.

Toyota, for example, is expanding production at its Woodstock assembly plant – about 400 jobs. Still, Ontario’s manufacturing base is not immune to a strong loonie and relatively high labour costs.”

While interest rates, the loonie and the U.S. economy remain top issues for Ontario businesses, our commercial customers continue to show optimism about their business prospects,” says Janet Peddigrew, district vice-president, BMO Bank of Montreal. “The availability of credit and attractive investment opportunities contribute to this optimism, despite the potential challenges.”

The housing market faces some cooling in the province, and the stricter mortgage rules introduced last July are impacting sales activity. “Existing home sales in Toronto slid nearly 20 per cent year-over-year in December, and price growth has cooled notably,” says Kavcic. “In the condo segment, for example, average prices were slightly below year-ago levels in December; barring a snapback in demand during this spring’s selling season, they could face continued downward pressure as a wave of completions potentially hit the resale market in 2013.”

Job growth was a sluggish 0.8 per cent in 2012, though momentum picked up later in the year alongside gains in the service sector. “The jobless rate ended 2012 at 7.9 per cent, up 0.2 percentage points from the end of 2011, and is expected to fall only modestly in the year ahead before better momentum takes hold in 2014,” says Kavcic.

The Province of Ontario has lowered its fiscal 2012-13 deficit projection by $782 million since the budget, to $14.4 billion, thanks to higher revenues generated by better-than-expected economic performance in 2011 and early 2012, and the introduction of a high-income tax bracket. However, the shortfall remains hefty at about 2.2 per cent of GDP, the deepest gap among all provinces. Longer term, the timing for a balanced budget is unchanged at fiscal 2017-18.

Real GDP is expected to grow at the national average

of 1.7 per cent in 2013, with momentum picking up later in the year once

U.S. growth begins to run at a three per cent-plus clip.

BMO ECONOMICS

Stronger U.S. growth to support

SWO economy in 2013:

16 NeW hOme & cONDO GUiDe SWO | february 2 - 16, 2013

016 News BMO Economics Ont_AY-WK.indd 16 1/31/13 1:50:25 PM

Sizes, prices and specifi cations are correct at press time and subject to change without notice. The ENERGY STAR® mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. E.&O.E.

519 290 3466geraniumhomes.com

Semi-Links & 50’ Lots 59

401

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t

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ich Ave

Fairway Rd

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Vansittart Ave

2

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BILD 2012 HOME BUILDER OF THE YEARCHBA 2011 GRAND SAM AWARD WINNER

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h AvAA e

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✔ Tour 3 models decorated by acclaimed designer Bryon Patton.✔ Open concept bungalows with exciting loft options.✔ Sensational walk-out and golf course lots.

✔ Woodstock’s 4 season adult lifestyle golf course community.✔ Steps to Sally Creek Golf Course, Bistro and on site residents only recreation centre.✔ Minutes to the new Woodstock Hospital, downtown shopping and dining, Theatre Woodstock and Highway 401 and 403.

Right Size Your Lifestyle In The Village At Sally Creek

Simply SpectacularFabulous Models Now Open!

A magni cent sweeping oak staircase leads to the optionl loft

Sales Centre Hours:Sat & Sun, Mon - Wed 11am – 5 pm

Or by appointment

WQ-1166 NHG SWO AD -01.16.13.indd 1 1/28/13 3:41:46 PM

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i n t h e n e w s

On Tuesday, april 30, 2013 aT Bingemans’ Ballroom, the Waterloo Region Home Builders’ Association’s (WRHBA) Industry Luncheon will feature David Chilton, renowned author and the newest “Dragon” on CBC’s The Dragons’ Den. WRHBA’s Industry Lun-cheon is the Association’s leading net-working event.

Annually, more than 500 commu-nity and business leaders stemming from all sectors within the residential develop-ment and construction industry attend this premier event. As an entrepreneur and financial guru, Chilton is best known as the author of The Wealthy Barber. His informative and inspirational keynote address will provide a truly unique per-spective on life. Combining knowledge and humour, he will illustrate how a healthy outlook can lead to positive results, despite what life throws at you.

Chilton’s high energy, charm and unpretentious approach is sure to moti-vate, educate, entertain and leave an enhanced drive and lasting impression on all who attend!

David Chilton of CBC’s Dragons’ Den seT To InspIRe AuDIenCe AT LoCAL Home BuILDeRs’ evenT

Combining knowledge and humour, he will illustrate how a

healthy outlook can lead to positive results, despite

what life throws at you.

18 New home & CoNDo guiDe Swo | february 2 - 16, 2013

018 FP News WRHBA Chilton_JY-WK.indd 18 1/31/13 1:50:30 PM

preview registrationgemini homebuilders Guelph | The Highlands Coming soon – executive townhomes and semis – register today. geminihomes.ca

queensgate & losani homes Kitchener | Victoria Common Coming soon – carefree living condo suites and townhomes in downtown Kitchener-Waterloo. victoriacommon.ca

the tricar group Guelph | RiverHouse Condominiums Luxury urban condos from the mid $200’s, with panoramic city and river views. riverhouseguelph.ca

vanmar Guelph | V2 Condos Coming soon to south Guelph, an intimate midrise condominium only minutes to nature trails, golfing, dining and shopping. v2condos.ca

mattamy homes Kitchener | Wildflowers Coming soon – Mattamy’s first master-planned community in Kitchener, with affordable townhomes and detached homes. mattamyhomes.com

new openingshasstown holdings Cambridge | The Grand Grand opening continues for these exciting new condominium residences on the Grand River. grandcondo.ca

gemini homebuilders Guelph | Morning Crest New phase of development, including 30-ft. lots and semis, now available. Walkout and lookout lot options. Starting in the low $300’s. geminihomes.ca

claysam homes Guelph | Creekside Freehold walkout townhomes starting at $299,900. claysamhomes.com

fusion homes Waterloo | Vista Hills Premium home designs on 40- and 50-ft. lots in secluded community of Vista Hills. fusionhomes.com

dunsire developments Kitchener | Mill Creek Village Model homes are under construction at these townhomes in a central location, close to schools, amenities, highway access and the future LRT. Starting at $236,990. millcreekvillage.ca

menkes Georgetown | The Enclaves of Upper Canada Now previewing – semi-links and 30-ft. detached homes in Georgetown. menkes.com

BUILDERS: If you would like to include your new model home or site opening, email [email protected]. Please say you saw it in New Home & Condo Guide!

sheethothaLton hILLS wELLIngton watERLoo

AlMAAAyRCAMbRidGEEloRAFERGUsGEoRGEToWnGUElpHKiTCHEnERRoCKWoodWATERloo

new releasesreid’s heritage homes Fergus | Highland Hills Final building selling fast in this master-planed community of two- and three-bedroom condominium suites. reidsheritagehomes.com

gemini homebuilders Guelph | Creekside Already 30 per cent sold, these semis are at the heart of a community full of shops, schools and parks. Move-ins available for late summer or early fall. geminihomes.ca

monarch Kitchener | The poplar Designer decorated model home, 2,464 sq. ft. at $479,990. monarchgroup.net

fusion homes Guelph | blueberry Hill Brand new semi-detached and 30-ft. detached lots. fusionhomes.com

february 2 - 16, 2013 | nEw homE & conDo gUIDE Swo 19

019 Sneak Previews WATERLOO_AY-WK.indd 19 1/31/13 1:50:36 PM

Acton

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020-021-SW Map-Waterloo.indd 18 1/31/13 1:58:00 PM

Location BuiLders sites Prices Pagesemi

condo

townhome

det.bunga

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adult life

style

cambridge haastown holdinGs The Grand • from$209,900 25

collingwood reid's heritaGe hoMes Lora Bay • • • from$375,100 bc

Guelph melloul-blameyconstruction Serene Condos • from high $200's 29

kitchener branthaVen hoMes Joy • from the$240's 12&13

kitchener branthaVen hoMes Nestings • from the$400's 12&13

kitchener dunsire deVelopMents Mill Creek Village • from low$200's 27

kitchener MattaMy hoMes Wildflowers • • 6

kitchener losani Doon Creek • fromthe$300's 51

kitchener reid's heritaGe Eby Estates • from$339,900 23

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020-021-SW Map-Waterloo.indd 19 1/31/13 1:58:00 PM

Canadians (aged 18 to 54) are ConCerned that their ability to save for retirement will be impaired both by saving for their children’s education (48 per cent) and by taking care of their aging parents (36 per cent), according to the 23rd Annual RBC RRSP Poll.

Despite the potential strain of these family priorities on their retire-ment savings, more than half (57 per cent) of Canadians aged 18 to 54 say their parents’ retirement experience has shaped their expectations of retirement.

“While Canadians may see their parents’ retirement experience as a model for what to expect, the reality is that their retirement may not be the same, particularly if they are part of the sandwich generation with both aging parents and school age children,” says Amalia Costa, head, retirement strategies, RBC. “Canadians know that juggling competing financial priorities creates enormous strain on both time and money. A financial advisor can make it easier to develop a retirement plan to balance your financial commitments and family life.”

Retirement will likely look different for the next generation of retir-ees, as employer-sponsored pension plans become more rare. The RBC poll found that one-quarter (26 per cent) of Canadians (aged 18 to 54) expect a pension income from an employer to be their primary source of income in retirement and, similarly, fewer than one-in-five (18 per cent) of them have a defined benefit pension plan.

“The growing demands on time and money can make meeting retire-ment goals a challenge, but Canadians don’t have to do this on their own,” adds Costa. “Taking the time to meet with a financial advisor is one of the best investments you can make in your financial future. An advisor can help review your financial priorities; understand your income sources and your savings and investment options – all to help make your retirement goals a reality.”

t a x m a t t e r s

Canadians struggle to addressChilDRen’S eDuCATion, Aging PARenTS AnD oWn ReTiRemenT neeDS: RBC poll

Costa provides the following practical advice to help you live for today and save for tomorrow:

» Show me the money: look for hidden sources of contribution funds. if you have debt, take advantage of lower interest rates to reduce your overall bor-rowing costs and free up some of your monthly cash flow. For example, you can do this by consolidating higher interest credit card balances into a loan or home equity line with a lower interest rate. » Automate your savings habit: get into the good savings habit of paying yourself first by setting up an automatic contribution plan to coincide with your payroll deposit. The funds will come off the top and are often not missed.» Start thinking about your re-tirement income plan: if you are within a few years of retirement, switch your focus to establishing your retirement income plan. Translate your vision for the lifestyle you want in your retirement into financial requirements and work with an advisor to learn about your new sources of retirement income and how these will fund your new lifestyle.

22 New home & CoNdo guide Swo | february 2 - 16, 2013

022 Tax Matters RBC_JY-WK.indd 22 1/31/13 1:50:40 PM


023-Eby Estates 02-02-13.indd 23 1/30/13 5:32:01 PM

m o n e y m a t t e r s

c o n t i n u e d o n pa g e 2 6 . . .

financially organized12 steps to getting

SET-UP 1 | Gather all your paperwork. Create a file folder for each of the following:›› chequing accounts›› savings accounts›› Retirement accounts›› investment accounts›› credit card accounts ›› Loans›› personal lines of credit›› Mortgage›› insurance: life, disability, health, critical illness,

home, car›› tax returns›› estate: wills and powers of attorney

2 | Welcome to 21st century bankingif you don’t already have it, set up telephone or internet banking for your accounts.

3 | Reduce fees by setting up a bufferif you can afford it, transfer $1,000 float to your chequing account (pretend it isn’t there) and use that to minimize your banking costs.

4 | Save automaticallycreate an auto-debit from your chequing account to a savings account that will not be touched. Most people won’t put money into a savings account on a regular basis, opting to wait for a tax-refund or bonus before setting aside some money for the future. establish an automatic savings deposit every month and your nest egg will accumulate faster than you think.

5 | Create a monthly bill summaryList your bills in the date order they need to be paid to prevent you from missing a bill. if you have bills that are paid automatically from your account, write an “a”

by gail vaz-oxlade

24 NeW home & CoNdo Guide SWo | february 2 - 16, 2013

024-026 column-gail vaz-oxlade-12 steps to getting organized_AY-WK.indd 24 1/31/13 1:50:46 PM

m o n e y m a t t e r s | C O N T I N U E D

most people won’t put money into a savings account on a regular basis, opti ng to wait fora tax refund or bonus before setti ng aside some money for the future. establish an automati c savings deposit every month and your nest egg will accumulate faster than you think.

beside these bills and remember to deduct them from your spending journal at bill payment time each month.

6 | Set up your in basketscreate an in basket with two bill folders labelled “1-15” and “16-31.” When a bill comes in, look at the due date and put the bill it in the appropriate folder. Recycle all the marketing crap in the envelope. create a second in-basket with three folders labelled “bank statements”, “bills paid” and “tax receipts.”

WEEKLY7 | make a date with your moneyon the 12th and 28th of each month, set aside the time in your schedule – you’ll need about 30 minutes – to pay your bills.

always pay your bills in one place – a place that you’ve equipped with the following: your bill paying system, a spending journal, envelopes, stamps, pens, pencils, a calculator, tape, a stapler, return address labels and a recycling bin.

When you pay a bill, write the cheque or transaction number, amount paid and the date you paid it on the bill. put the paid bill in your “Bills paid” fi le. deduct the amount you’ve spent from your spending journal. if a bill has not been paid in full (tax bills are paid over several months, for example) put it back in your folder so you don’t forget it.

moNThLY8 | Reconcile your bank statementsWhen your bank statements come in, put them in your inbox folder. Make a date when all your statements are in (it will depend on when you receive them) to:›› Review your statements to make sure there are

no mistakes

›› Reconcile your spending register; clearly mark the cheques that have been returned to you and highlight the ones in your spending register that haven’t yet cleared the bank. a cheque that takes a long time to clear in the bank can lull you into thinking you have more money than you do. go back at least a month to make sure all previous cheques have cleared.

›› talk about anything unusual

QUARTERLY9 | Fileonce a quarter, fi le all of your paperwork to keep your system current.

10 | TalkHave dinner with your business partner and talk about the bumps, your goals and how you’re doing.

ANNuALLY11 | Revamp your budgetReview your budget using last year’s credit card and bank statements to see what you actually spent. if you spent more on a particular category, make sure you know why or look for ways to trim.

12 | Clean upgo through your fi les at the end of each year and throw out bills and receipts no longer needed for auditing/budgeting purposes.

Gail Vaz-oxlade is the host ofTil Debt Do us Part, author of

Debt Free Forever and blogs daily at gailvazoxlade.com. follow Gail on Twitt er

at twitt er.com/GailVazOxlade

26 NeW home & CoNdo Guide SWo | february 2 - 16, 2013

024-026 column-gail vaz-oxlade-12 steps to getting organized_AY-WK.indd 26 1/31/13 1:50:49 PM

View our Furnished Model Suite Today!

Sales Centre: 170 Water St. North, Cambridge, Hours: Mon.-Fri. 1p.m. – 7p.m., Sat. & Sun. 1p.m. – 5p.m.

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

GrandCondo.ca

Following the tremendous success of Waterscape Phase 1, Haastown is now opening the second and fi nal phase of this exclusive condominium community.

The Grand at Waterscape is a brand new 12 storey contemporary residence designed for those seeking riverside living at its fi nest.

Here the most breathtaking views of the Grand River await you each morning in a sophisticated location, steps from the shops, live theatre and restaurants of the city’s historic downtown.

Linger over a morning espresso on your balcony enjoying the spectacular view over the river. It’s a panoramic vista you’ll never grow weary of at The Grand. All just a short stroll from Cambridge’s historic downtown, and minutes from shopping, dining or a night at the theatre. All offering you not only an incredible setting but truly exceptional value.

The views will last forever…this opportunity will not!

Sales Centre: 170 Water St. North, Cambridge, Hours: Mon.-Fri. 1p.m. – 7p.m., Sat. & Sun. 1p.m. – 5p.m.

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

GrandCondo.ca


The Grand at Waterscape is a brand new 12 storey contemporary residence designed for


The Grand at Waterscape is a brand new 12 storey contemporary residence designed for Linger over a morning espresso on your balcony enjoying the spectacular view over the river. Linger over a morning espresso on your balcony enjoying the spectacular view over the river. $209,900

FROM

CAMBRIDGE

HAAS-GRA-A-AD-NHC-SW-OCT10-1.indd 1 12-10-10 3:53 PM

25

025-Haastown Holdings 10-13-12.indd 25 1/30/13 1:55:34 PM

www.millcreekvillage .ca

MORTGAGE ADMIN. NUM. 11955

A NEw hOME cOMMUNITy bROUGhT TO yOU by

MarshallZehr

DEvElOpMENT fINANcING by

Rendering is artist’s concept and is subject to change. Illustration may show optional features which may not be included. Landscaped areas are concept only. See Sales Representative for more information. *Based on 5% down at 2.90%. Pricing subject to change without notice. E. & O. E.

Dunsire

Mill Creek Village Branding

COLOUR VARIATIONS

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FINAL LOGO VARIATIONSN/AFebruary 2012

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ENJOY A fresh selection Of UNITS WITH WalK oUt lots AVAILABLE, AND SAVE WITH phase i pricing. mODELS UNDEr cONSTrUcTION WITH occUpancy 2013.

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Chinese Home & Condo Guide

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Model & Sales Centre: 1340 Gordon St. at Arkell Rd. · Mon-Thurs 1-7pm Weekends 12-5pm · 519-827-2111 · serenecondos.ca

• Sunsetviewsoverconservationlands

• GOTransitand401access

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• Parkingandlockerincluded

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CONDOMINIUMMARKET LOCATION

AVERAGE PRICE PER

SQUARE FOOT

LIST PRICE (900 SQ. FT. SUITE)

COST SAVINGS IFCHOOSING SERENE

Serene in Guelph $370 $324,900

KW $390 $349,900 $25,000

Burlington $399 $358,900 $34,000

Mississauga $448 $401,500 $76,600

Oakville $489 $429,900 $105,000

Get more at Serene in Guelph from the high $200’s**

SALESOFFICE

SITE

MILTONTake Exit 299

Broc

k Rd

.

G

ordo

n St

.Br

ock

Rd.

Gor

don

St.

Broc

k Rd

.

G

ordo

n St

.

Arkell Rd.

GUELPH

6

6

401

QEW

BURLINGTON OAKVILLE

** Based on comparable market analysis executed January 2013. E. & O. E. Accurate at time of print 29

029-Serene Condos 02-02-13.indd 29 1/30/13 2:10:42 PM

i n t h e n e w s

EmpirE CommunitiEs and thE WarrEn Woods Land Corporation have announced they have formed an exciting new partner-ship to build Imagine, an impressive new master-planned community in Niagara Falls.

Imagine will be a community where each home will be in harmony with the natural environment that surrounds it... a place where woodland nature trails will wind, birds will sing and spirits will be revitalized.

Comprised of several unique neighbourhoods, Imagine will boast a range of different living styles including large and small single-family detached homes, townhomes, condominiums and apartments, as well as a retirement village. Scheduled to launch in early summer 2013, the Imagine Centre will include three fully furnished model homes on site. Prices at Imagine will start at an affordable $189,990 for townhomes and $214,990 for detached homes. The first neighbourhood of the com-munity is already 100-per-cent serviced so construction can progress quickly and efficiently.

“This dynamic community will truly have something for everyone,” says Paul Golini, executive vice-president of Empire Communities. “From families to second-home vacationers, empty nesters and retirees, Imagine will offer a vibrant lifestyle unmatched in southern Ontario.”

Imagine’s outstanding location is close to all the amenities of Niagara as well as neighbourhood entertainment facilities, the McBain YMCA Com-munity Centre, the Niagara Square, Walmart, Lowes, the Heartland Forrest Family Retreat and the Carolinian Forest preserve with trails and more.

The developers of Imagine have already created beautiful walking trails throughout the community that are being enjoyed by the many residents in the neighbourhoods close by. In fact, more than one-third of the entire community will be dedicated to green space. Visitors to the Imagine Centre will be taken on a tour of the community by golf cart to help them appreciate the extent the developer has taken to preserve the natural environment.

The community, in fact, will set the standard for sustainable living in the area. The power of renewable, eco-friendly tech-nology will be harnessed to create a living environment that is both comfortable and efficient for today and also sustainable for tomorrow. Both Empire and Warren Woods have been committed to Green building and will have a selection of Green options for residents to choose from. Testament to this commitment is the list of awards for which Empire has been recognized. The company has received the Green Builder of the Year Award from both the WRHBA and BILD in addition to the Energy Star for New Homes Builder of the Year all for 2012.

“Niagara Falls is already North Amer-ica’s Green Energy Capital,” says Golini. “As such, it is the logical centre for renew-able power industries in North America. So we are confident that Imagine will quickly attract companies in the emerging renewable energy industry to locate in the exciting new ‘energy’ business park. Imagine is an incredible blend of business opportunities and sustainable living that will be a first for Ontario.”

“Our goal for Imagine is to create the pre-eminent community in the entire Golden Horseshoe,” adds Robert O’Dell, managing partner of Warren Woods. “Imagine will combine the best in building quality with Empire, a home to suit any lifestyle, an out-standing location just minutes to any shop or service one could want, and a green en-vironment that supports the philosophy of sustainable living. We are proud to be part-ners with Empire Communities.”

To learn more about the exciting new com-munity of Imagine, visit empireimagine.com

Empire Communities partners with Warren

Woods Land Corp.PARTNERS ANNOuNCE ExCITING

NEW COMMuNITY IN NIAGARA

30 NeW home & coNdo guide SWo | february 2 - 16, 2013

030 News Empire_JY-WK.indd 30 1/31/13 1:50:55 PM

AncAsterBeAmsvilleBinBrookBrAntBrAntfordBurlingtoncAthArines grimsBy hAmiltonmilton

niAgArAoAkvillePArisPort doverst. cAthArinesstoney creekvinelAnd st.


sheethothamILton haLton nIagaRa

preview registrationeastforest homes simcoe | Woodway trails Single-detached homes on 45-ft.-wide lots, as well as semis. woodwaytrails.ca

adi development group Burlington | mod’rn condominium Register now for this four-storey condo in the heart of Burlington. adidevelopments.com

Bayview-wellington homes niagara | niagara on the green Register now for these executive townhomes backing onto the Royal Niagara Golf Course. bwhomes.ca

Branthaven homes Waterdown | the Portraits Coming soon, intimate collection of just 47 townhomes in a landscaped enclave. branthaven.com

dawn victoria homes Burlington | village West register now for this small enclave of urban townhomes on Plains Road West. Ideal for commuters and young families due to proximity to the GO station, QEW, parks and downtown. dawnvictoriahomes.com

new openingscountrygreen homes Waterdown | the uptowns of Waterdown Urban style condo towns from the $200’s. countrygreenhomes.com

great gulf homes thorold | rolling meadows Model homes now open for this upcoming community of singles on 42- and 50-ft. lots from 1,845 to 3,035 sq. ft. greatgulf.com

menkes & fernBrook homes oakville | millstone on the Park Urban towns close to schools, shopping, major highways and more. millstonepark.ca

losani homes Binbrook | the fairgrounds Prestige Grand opening of 36- and 46-ft. single-family homes backing onto preserved woodlot. losanihomes.com

marz homes stoney creek | Woodview Now open – forest-side town living in affordable freehold and private lane townhome collection. marzhomes.com

phelps homes grimsby | the Bedford collection Model home now open at this private enclave of 28 bungalows a short walk from downtown Grimsby. bedfordcollection.ca

new horizon homes Brant county | royal highland estates Now under construction – custom bungalows on large estate lots. newhorizonhomes.ca

autumn lea developments Welland | silverwood manor Model home now under construction – freehold bungalow townhomes with double-car garges and stylish designs. 1.866.318.3485

eastforest homes Brantford | d’Aubigny forest estates New model now open for these singles on 40-ft. lots. eastforesthomes.com

new releasesempire communities stoney creek | victory New release of 34-ft detached home designs, and 42-ft. homes coming soon. victoryempire.com

empire communities hamilton | summerlea New release of freehold townhomes to go along with 30-, 36- and 44-ft. detached homes. empirecommunities.com

Branthaven homes grimsby | Bravo by the lake Phase 2 lot release coming soon, in master-planned community of two- and three-storey lakeside townhomes. branthaven.com

countrygreen homes hamilton | West Bloom Premium lots available in this intimate enclave of 35 single-family homes. countrygreenhomes.com

Brookfield homes Brantford | grand valley trails New release of bungalow towns; also parkside singles and attached singles. brookfieldgrandvalley.ca

dicenzo homes niagara | Blueshores Final phase released – waterside living in luxury singles, attached singles and towns. blueshores.info

spallacci homes hamilton | eden Park Phase 4 release of exceptional 32- and 40-ft. lots. spallaccihomes.com

february 2 - 16, 2013 | nEw homE & conDo gUIDE Swo 31

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LocatioN BuiLders sites Prices Pagesemi

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det.Bunga

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ancaster rOseHaven HOmes Tiffany Hill • from $460's 38

Beamsville HOmes By desantis Lincoln Square • • from $249,900 11

Beamsville lOsani Discovery • from the $300's 51

Beamsville mOuntainview HOmes Hillside Estates from $274,900 9

Binbrook lOsani The Fairgrounds • • • from the $300's 51

Binbrook lOsani Parkside • from the $200's 51

Brantford eastfOrest HOmes D'Aubigny Forest Estates • from $296,990 41

Brantford emPire cOmmunities Wyndfield • • from $191,990 2&3

Brantford BrOOkfield HOmes Grand Valley Trails • • • from $219,990 39

Burlington adi develOPment Mod'rn Condominium • from the $200's 50

Burlington tOByn Park HOmes ParkCity • from the $180's 55

chippawa rOseHaven HOmes Lyon's Creek • • from low $300's 38

east Hamilton lOsani Green Hill Glen • • • from the $270's 51

fonthill mOuntainview HOmes The Residences at Lookout • • from $315,900 9

georgetown menkes The Enclaves of Upper Canada • • from $409,990 43

grimsby BrantHaven HOmes Bravo! By the Lake • from $219,990 12&13

Hamilton cOuntry green HOmes WestBloom • from $329,900 7

Hamilton emPire cOmmunities Summerlea • from $221,990 2&3

Hamilton new HOrizOn City Square • from low $200's 34

Hamilton sPallacci HOmes Eden Park • 35

niagara mOuntainview HOmes Thundering Waters • • • from high $200's 9

niagara falls mOuntainview HOmes Deerfield Estates • • from $224,900 9

niagara falls mOuntainview HOmes Fernwood • • from $202,900 9

niagara on the lake Bw HOmes Niagara on the Green • • • from low $200's 4&5

Oakville menkes Millstone • from $299,990 42

ridgeway mOuntainview HOmes Beaver Creek Estates • • from $283,900 9

st. catharines Bw HOmes Victoria Village • from $260,900 4&5

stoney creek BrantHaven HOmes Paramount • from $200,000 12&13

stoney creek emPire cOmmunities Victory • • from $276,990 2&3

thorold great gulf Thorold • from $307,990 78&79

thorold mOuntainview HOmes West Community • • • from $239,900 9

thorold rOseHaven HOmes Gibson Heights • • from $240,000's 38

welland autumn lea develOPments inc. Silverwood Manor • • from low $200's 47

welland mOuntainview HOmes Harvest Estates • • from $213,900 9

33

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c o m m u n i t y f o c u s

Rosehaven Homes

2013 PROMISES TO BE GRAND FOR

It’s all success after success for Rosehaven Homes, with new projects all around the Toronto, Hamilton and Niagara area. If you

are looking for Rosehaven quality in a home, look to rosehavenhomes.com to stay informed and discover your perfect home.

Live big with new reLease of singLes at gibson heights in thoroLdAt Gibson Heights in Thorold, Rosehaven offers beautiful 36-, 40- and 45-ft. detached homes with spectacular features and large lots for families to live big and enjoy life. Also a few inventory 30-ft. attached singles and freehold towns are available from the $240’s, and some inventory detached homes remain on 36-ft. lots with quick closings from the $300’s.

This historic Old Ontario community has been a real success for Rosehaven because buyers get a perfect combination of space, style, charm and an appealing price, all in a welcom-ing neighbourhood minutes from St. Catharines and Niagara Falls.

Rosehaven’s designs for Gibson Heights have been very well received by purchasers

since they first launched, due in large part to the homes’ superb features and finishes. Designs include soaring nine-ft. main floor ceilings, grand eight-ft.-tall front entry doors, imported 13-by-13-in. ceramic tiles, luxurious 35-oz. broad-loom, gas fireplaces with elegant oak surround, decorative columns, trimmed half walls, nickel finish interior hardware and lighting and master ensuite bathrooms with spa-like glass shower enclosures.

For this community, Rosehaven built one of the biggest Model Rows the Niagara Region has ever seen! Visit Rose-haven’s models on Winterberry Blvd. at the crossroads of Richmond St. and Confederation Ave. in Thorold. For more information, visit rosehavenhomes.com

ConstruCtion’s underway at Lyon’s Creek in ChippawaIn Chippawa, Rosehaven Homes offers a community of stunning new homes at Lyon’s Creek. Buyers can choose

36 new home & Condo guide swo | february 2 - 16, 2013

036-037 CF Rosehaven_AY-WK.indd 36 1/31/13 1:51:03 PM

from a wide selection of 50-ft. singles, freehold towns, bungalows – and exciting bungalow-loft designs up to 2,500 sq. ft.

Homes here are truly grand, with covered porches and balconies, coffered and vaulted ceilings, master bedroom suite with walk-in closet, gourmet kitchen with breakfast bar and island, nine-ft. main floor ceiling, eight-ft.-tall front entry door and gas fireplace.

In picturesque Chippawa village, Lyon’s Creek is the perfect location for a vibrant and healthy lifestyle close to Niagara Falls, golfing, outdoors activities, shopping and sightseeing. Information on this lovely neigh-bourhood can be found at rosehavenhomes.com

you Can stiLL give your famiLy a tiffany traditionFamilies looking for a superb setting and impressive home designs have made Tiffany Hill the best selling community in upscale Ancaster. And right now there is still a choice selection of homes and lots available for you to choose from including inventory homes with quick closings.

Rosehaven Homes offers a stunning collection of stone, stucco and brick homes on 36-, 45- and 50-ft. lots loaded with luxury features and designer details in a beautifully designed community featuring natural open spaces and parks.

Surprisingly, prices for gorgeous 45-ft. lot homes at Tiffany Hill start in the $460’s.

It’s a great place to own a home and to raise a family. The neighbour-hood offers an elegant small-town atmosphere walking distance to beautiful trails, serene woodlands and breathtaking waterfalls, ideally situated with easy access to highways. And the home designs themselves are stunning; exactly what you would expect from Rosehaven in a pres-tigious community such as Ancaster. For directions and additional in-formation on this sought-after community, visit tiffanyhill.ca

rosehaven homes Multi-site

Thorold, Chippawa, ancaster

LoCation

Thorold, 36-, 40- and 45-ft. detached homes, attached singles and freehold towns; Chippawa, 50-ft. singles, freehold towns, bungalows and bungalow-loft designs; ancaster, stone, stucco and brick homes on 36-, 45- and 50-ft. lots

housing type

Thorold, rosehavenhomes.com Chippawa, rosehavenhomes.com ancaster, tiffanyhill.ca

ContaCt

saLes Centre

Thorold, Winterberry blvd. at the crossroads of richmond St. and Confederation ave. in Thorold

this historic old ontario community

has been a real success for rosehaven because

buyers get a perfect combination of space, style,

charm and an appealing price, all in a welcoming neighbourhood minutes from st. Catharines and

niagara falls.

february 2 - 16, 2013 | new home & Condo guide swo 37

036-037 CF Rosehaven_AY-WK.indd 37 1/31/13 1:51:05 PM

rosehavenhomes.com • (1-888 / 416) 410-0175For directions, hours, community information, visit:

Prices and specifications correct at press time. E. & O.E. Prices quoted are in $ thousands.

Chippawa / Niagara - Lyon’s CreekConstruction well underway!

New 35’ bungalow loft towns & 50’ singles from the low $300’s.

Lyon’s Creek Blvd. & Sodom Rd., east of the QEW

Thorold - Gibson HeightsModel home inventory release! Towns, semis & attached singles from the $240’s.

Plus 45’, 40’ & 36’ lots from $300’s.Richmond St. & Winterberry Blvd.,

south of Hwy. 58

Ancaster - Tiffany HillLuxury stone, stucco & brick

detached homes on 45’ lots from the $460’s and 4 models to tour!Garner Rd. E. & Raymond Rd.,

east of Hwy. 6

It’s the feeling Rosehaven designs into some of the most 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 you’ll say I am happy, I am comfortable… I am home!

Also building communities in Nobleton, Brampton & Kleinburg.

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H H H B A r e p o r t

Mathieu Langelier is Executive Officer of the HHHBA. He can be reached at

[email protected] or 905.575.3344.

During the holiDay season, one of the hot topics around the dinner table was the fate of the housing market and the glooming housing price crash in Canada. So, here is a little more info to temper the doomsday sayers in your circles.

We have all heard that the Toronto housing market is cooling off, following the national trend that started in Va n c o u v e r . T h r o u g h December 2012, housing sales in Toronto dropped by 19.5 per cent compared to the same time last year. It began as sales started to soften over the summer, a trend that will likely persist through the early part of 2013. Resale volumes were down 11.9 per cent across Canada from October 2012 to November

WHILE THE TORONTO HOUSING MARKET

CONTINUES TO COOL,

Hamilton stays just right

2012. A myriad of numbers have been quoted by many experts, which can be quite confusing.

Fortunately, Hamilton has avoided this cooling of the housing market, so it’s still a great time to buy here.

While there will always be seasonal fluctuations, it is forecasted that prices in Hamilton will remain flat throughout 2013. Stable prices are indeed one of the best indicators for a healthy housing market. Although housing starts in Hamilton are predicted to decrease by 10 per cent in 2013, the main reason behind this is the lack of available land and not wavering consumer demand. In fact, total housing starts in Hamilton were up by 20 per cent in 2012 compared to 2011. This shows that people are still buying properties and we’re still building them, so prices will remain stable in 2013.

The main driver of housing demand in Hamilton continues to be affordability. Compared to Toronto, the average price of a home in Hamilton is $140,000 less. This continues to attract people to Hamilton. But the lack of available land and the high cost for the rare shovel-ready lots are starting to drive people away from the city. Affordability is indeed very fragile, and we need to keep a tight control over increasing costs.

The Hamilton-Halton Home Builders’ Association is pleased that our builders continue to provide stability for the Hamilton housing market.

by MAtHieu LAngeLier

The main driver of housing demand in Hamilton continues

to be affordability. Compared to Toronto, the average price of a

home in Hamilton is $140,000 less. This

continues to attract people to Hamilton.

40 New HoMe & CoNdo guide Swo | february 2 - 16, 2013

040 HHHBA Report_AY-WK.indd 40 1/31/13 1:51:14 PM

519-304-0186 | eastforesthomes.com

24

24

2

53To Paris

N

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lard

Lane

King

Geo

rge

Rd.

Colborne St. W.

Way

ne G

retz

ky P

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Map not to scale.

Paris Rd.

McGuiness

Dr.

53

To HamiltonTo London

SalesOffice

403

24

FREE appliances + $10,000 FREE Design Studio Dollars

up to

NEW DECORATED MODEL NOW OPEN!2 Yarington Drive, Brantford

MORE – lifestyle– happiness– choice

explore

singles on 40' lots from

$296,990Prices correct at press time. E. & O.E. Brokers protected. $10,000 Design Studio bonus promotion only available on new to be built home offers. Limited time offer.

This promotion is not applicable with any other promotion with exception of our CORNER LOT promotion. See agent for details.

41

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042-Menkes-Millstone 01-19-13.indd 42 1/30/13 1:56:19 PM


043-Menkes-Enclaves Upper Canada 02-02-13.indd 43 1/30/13 1:56:27 PM

The Enclaves of Upper Canada is Menkes’ newest family commu-nity in Georgetown, backing onto a ravine of mature trees with breathtaking views of the Credit River Conservation lands. A private,

inviting community in the Norval hamlet of East Georgetown, virtually everything you need is only minutes away. From all the amenities of a major town to the beautifully landscaped suburban streets and wooded walking trails of the Niagara escarpment, the Enclaves has it all.

Minutes away from miles of well-groomed hiking trails, this pristine landscape provides a multitude of picturesque settings ideal for family picnics, hikes or bike rides. When you’re surrounded on all sides by natural beauty, you’ll quickly forget how close you are to the centre of Georgetown, with all of its many fine community facilities. For those who crave the excitement of the big city, Brampton is a mere five minutes east.

Downtown Georgetown’s historic Main Street offers a charming selection of boutique shops and fine restaurants, while Market Place Mall has all of your favourite mainstream big-box stores. A thriving arts community, Georgetown has an array of cultural events and local theatre


The Enclaves of Upper Canada,

GeorgetownAn EnErgy StAr community

by mEnkES DEvElopmEntS borDEring conSErvAtion lAnDS

to choose from. There is also a selection of leisure and recreation options, including skating, skiing, golfing, horseback riding and fitness in the area.

The Enclaves of Upper Canada offers a wide selection of semi-links and 30-ft. detached homes. Each of these elegantly crafted gems blends into the natural land-scape, delivering a charming, timeless look and feel. With a modern grasp of design, fused with classic architectural styles, these homes have been designed from the inside out to suit the needs of today’s life-style. Inspired by Georgian architecture through the symmetry of windows and French architectural bell curve roof flares, these characteristics create the unique


044-045 CF Menkes_AY-WK.indd 44 1/31/13 1:51:20 PM

meNKeS deVeLoPmeNTS The Enclaves of Upper Canada

individualism of each elevation. Authentic architectural influences on style combined with the use of materials such as stucco, stone and brick with a careful selection of colour palettes, creates character and identity for this community.

The same exquisite, traditional charm can be found in the stunning interiors of each and every home. All the homes at The Enclaves come with an upscale array of standard features, including nine-ft. ceilings on the main floor, natural gas fireplace with white painted mantle and marble surround for 30-ft. designs, oak staircases from the first to second floor with upgraded pickets, low-E argon white vinyl casement windows on the main and second floors, decora switches, upgraded attic and wall insulation to reduce heating and cooling costs, a paved driveway and much, much more. In addition, each home at The En-claves is an Energy Star qualified home, including inspection and certification by a government sponsored third-party evaluator.

Menkes is offering spectacular preview opening bonuses to its purchasers: semi-link homes receive three stainless steel kitchen ap-pliances, white washer and dryer and $5,000 in upgrades. Purchasers of the 30-ft. detached homes will receive three stainless steel kitchen appliances, white washer and dryer and $10,000 in upgrades. As an extra special bonus, for a limited time only, purchasers will receive an additional $15,000 off the purchase price of the semi-link homes and $20,000 of the 30-ft. detached homes. In addition, all purchasers will receive a free consultation with a professional colour consultant at the Menkes Home Design Studio.

Semi-link designs range from 1,590 to 2,023 sq. ft. and are priced from the low $400’s. The 30-ft. detached designs range from 1,774 to 2,334 sq. ft., with starting prices in the low $500’s. Visit the sales office located at 363 Guelph St., Georgetown right in front of the Best Western Hotel and just east of Canadian Tire. The presentation centre is open from Monday through Thursday from 1 to 8 p.m., closed Fridays and open Saturdays and holidays from 11 a.m. to 6 p.m. and Sundays from noon to 6 p.m.

for more information, please call 289.891.9103 or visit menkes.com

Georgetown

LocaTioN

Semi-links and 30-ft. detached homes

houSiNg TyPe

289.891.9103 | visit menkes.com

coNTacT

SaLeS ceNTre

363 Guelph St., Georgetown, open Monday to Thursday 1 to 8 p.m., closed fridays and open Saturdays and holidays from 11 a.m. to 6 p.m. and Sundays from noon to 6 p.m.


044-045 CF Menkes_AY-WK.indd 45 1/31/13 1:51:22 PM

Hamilton Convention CentretHeHomesHow.Ca

February 15-17, 2013

2 FLOORS OF INSPIRATIONHundreds of exhibitors

Parade of Homes · ask a Decorator Gallery of Fine Furniturereno and Decor Stage

renomark “ask a renovator Consultation”Chef Stage · “Paradise Found” Feature Garden

Interiors Magazine Designer’s WalkComPlimentarY KiDZone DaYCare all weeKenD

Hamilton-HaltonHome Builders’Association

Presented by:

Hamilton-Halton’s most CelebrateD sHow!

Fri 12-8 · sat 10-7 · sun 10-6 General aDmission $5 · FamilY aDmission $8

FeaTurING ScOTT McGILLIvRAy HOST OF

HGTv’S INCOME PrOPErtysponsored by:

bob the builder © 2013 H

IT entertainment PLC & Keith Chapm

an

NewHome_Condo_FP.indd 48 1/23/13 1:40 PM

46

046-Hamilton Home Show 02-02-13.indd 46 1/30/13 1:56:36 PM

Contact Sales Agents for details:Susan Schroers 905-401-3610Tony Yorfido 905-321-5440

Renderings are artist’s concept.Prices, sizes and specifications to change without notice. E. & O.E. Map not to scale.Exclusive listing brokerage: Coldwell Banker Advantage Real Estate Inc. Brokerage: 905-788-3232

Webber Road

N

Gaiser Road

Cla

re A

ve

Silv

erw

ood A

ve

Sou

th P

elham

Rd

WELLAND

Park

FREEHOLD BUNGALOWTOWNHOMES IN WELLAND

Starting in the low

$200’s

Double Car Garages Stylish DesignsNow Under Construction

Autumn LeaDevelopments Inc.

Proudly built by

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brings contemporary style to burlington

Mod’rn Condominium

Mod’rn Condominium by Adi Development Group has set a new standard for development in Burl-ington. Young professionals and empty nesters alike

– especially those savvy in the design and real estate industry – are drawn to Mod’rn’s contemporary style and Burlington’s budding community.

“We are seeing lots of young, first-time buyers, as well as older couples who are looking to downsize, but want a fresh, contemporary look,” says Tariq Adi, CEO of Adi Development Group.

Mod’rn’s façade features dark iron spot brick, parklex wood panels and natural stone. Eye-catching architectural details include an angled corner element and a dynamic wood canopy that frames the boutique entrance.

Burlington

location

Boutique midrise condominium

housing type

905.592.2144 adidevelopments.com

contact

sales centre

1284 Guelph Line, open Tuesday to Friday noon to 6 p.m., Saturdays and Sundays noon to 5 p.m.

48 new home & condo guide swo | february 2 - 16, 2013

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adi deVelopment group Mod’rn

“The unique open-concept layouts and deluxe features at Mod’rn offer an upscale ambiance, never really seen before in Burlington,” says purchaser Charles Jabra, an architect working in Toronto.

Priced from the low $200,000s, a select number of suites are still available in the four-storey boutique building, offer-ing soaring nine- and 10-ft. ceilings and floor-to-ceiling windows. Resonating well with purchasers, Mod’rn’s standard features and finishes include wide plank laminate flooring, premium stainless steel Energy Star appliances, designer cabinetry and granite countertops.

With access to the outdoors, including the Niagara Es-carpment, boutique waterfront and plentiful golf courses, Burlington has lots to offer. Mirroring the outdoor lifestyle,

all units are open to the outdoors with a balcony or ground floor walk out patio.

Ideally situated between Toronto and Niagara, Burlington’s sophisticated culture

– nightlife, arts and dining – make it the perfect place for people looking to have a good time. “There are many great festivals throughout the summer,” says purchaser Bartek Wolejszo, developer.

Two GO Train stations and VIA Rail makes commuting easy for those working in the city.

Janet Middleton, a retired property management expert, was drawn to Burl-ington for its location. “This city is central to everything I need: big city life in Toronto, casinos in Niagara or the airport in Buffalo. It’s really easy to come and go as I please. There is a real niche market for develop-ments like Mod’rn in Burlington.”

Tariq and Saud Adi of Adi Development Group drew inspiration for Mod’rn not only from their love of Burlington but also from a lineage of international builders. As a result, Mod’rn has become a signature piece for both Burlington and the Adi Develop-ment Group. “The immediate success of Mod’rn is demonstrating to us that Burl-ingtonions are ready for something fresh and contemporary that moves away from what the traditional townhome or condo can offer,” says Saud Adi.

Located at 1284 Guelph Line, the Mod’rn Condominium presentation centre is open Tuesday to Friday noon to 6 p.m., Satur-days and Sundays noon to 5 p.m. For more information, visit adidevelopments.com or call 905.592.2144.

mod’rn’s façade features dark iron spot brick, parklex wood panels and natural stone. eye-catching architectural details include an angled corner element and a dynamic wood canopy that frames the boutique entrance.

february 2 - 16, 2013 | new home & condo guide swo 49

048-049 CF ADI Mod'rn_AY-WK.indd 49 1/31/13 1:51:46 PM

N

LAKE ONTARIO

Upper Middle Rd.

Guel

ph L

ine

Wal

kers

Lin

e

Bran

dt S

t.

QEWHWY 403

HWY 407

QEW

PRESENTATIONCENTRE

Presentation Centre: 1284 Guelph Line, Burlington, Just north of the QEW south of Upper Middle Rd.

Monday - Thursday: 12 noon - 6 pm • Friday: Closed • Saturday, Sunday & Holidays: 12 noon - 5 pm

www.adidevelopments.com | 905-592-2144

Exclusive Listing: Baker Real Estate Incorporated, Brokerage. Brokers Protected. * See Sales Representative for details. Illustrations are artists concept. Prices and specifications subject to change without notice. E. & O.E.

L I M I T E D T I M E P R E - C O N S T R U C T I O N O F F E R *

15% Extended Deposit Program5% in 30 days • 5% in 120 days • 5% in 210 days

Maintenance free for 12 monthsFree storage locker ($3000 value)

Free internet, phone & cable for 6 monthsThe success at Mod’rn continues! To make the final few 1 bdrm, 1 bdrm + den and 2 bdrm suites evenmore irresistable, we are offering you a 15% Extended Deposit Program plus these other incrediblevalue-added incentives. Act now before the final suites are sold!

in the heart of Burlingtonfrom the $200’s

A9076_Modrn_NHC_SWO_Feb2-2013_A9076_Modrn_NHC_SWO_Feb2-2013 1/28/13 2:19 PM Page 1

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losanihomes.com/readybuiltPrices, sizes and specifications are subject to change without notice. E.&O.E. *Minimum total deposit required before closing with flexible deposit structure. Ask Sales Representative for details. Certain conditions apply.

Move inSooner &

Ready-Built Homes

You’ll enjoy the comforts of a warm and inviting new home this winter when you buy a Losani Ready Built home. Move in soon and discover the value add benefits of a more comfortable and consistent indoor climate, lower energy bills and know that your energy smart home is efficient and eco-friendly.

SAVE!Ready-BuiltAdvantages

• Flexible Deposits*

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CHECK OUT LOSANI’S READY-BUILT HOMES AT

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Losani_InventoryAD_NHC_Jan29.pdf 1 30/01/13 12:24 PM

051-Losani-Inventory 02-02-13.indd 1 1/30/13 1:56:53 PM


Stoney Creek-based developer Homes by DeSantis is introducing an un-precedented “$10,000 Any Way You Like It” program in Beamsville, making first-time homebuying more affordable. The program will give

homebuyers a choice of how they’d like to use $10,000 when purchasing a Freehold Townhome at Lincoln Square in Beamsville.

“The “$10,000 Any Way You Like It” program is designed to help more first-time buyers get into the real estate market and purchase that first home to start building equity,” explains Gabriel DeSantis, president of Homes by DeSantis. “Homebuyers can choose from our many different savings programs. We’re letting the homebuyer decide which saving program works for them.”

Homes by DeSantis launches innovative

$10,000 cash back program AT LINCOLN SQUARE,

BEAMSVILLE


052-053 CF DeSantis_AY-WK.indd 52 1/31/13 1:51:54 PM

$249,900 for 1,530-sq.-ft. plans. All models feature nine-ft. ceilings, second-floor laundry, open concept living spaces, smart home technol-ogy and three-bedroom plans.

First occupancies at Lincoln Square are expected in fall 2013.

The Lincoln Square sales centre is located at the intersection of Ontario and May Street in Beamsville (on Serena Drive).

Homes by DeSantis has been the builder behind thousands of family homes located in the Ham-ilton, Halton and Niagara regions for more than 50 years. The com-

pany’s hallmark is a combination of premium materials, meticulous workman-ship, and exceptional levels of customer care – coupled with an intense passion for homebuilding for the value-conscious buyer. Recently, The Ca-nadian Home Builders’ Association bestowed its highest honour on the company, naming it Builder of the Year. Since then, many other provincial and building awards have followed, as Homes by DeSantis continues to create first-class communities offering creative home design and the ultimate in customer satisfaction.

fore more information, contact Sandra Veselisin and billie Clark at 289.566.8889, [email protected] or visit homesbydesantis.com

homeS BY deSANTiS Lincoln Square

Homes by DeSantis is also offer-ing a Flexible Deposit Program that allows the homebuyer to stretch out smaller payments over a longer period of time, allowing more time to save for each payment.

These two programs mean that payments on a freehold townhome at Lincoln Square would amount to just $515 bi-weekly. This amount includes principal and interest and is based on a five-year, variable rate at 3.19 per cent, amortized over 25 years.

This community is located in the heart of downtown Beamsville and includes a 46,000-sq.-ft. community centre and 12,000-sq.-ft. library – both slated for completion in 2013. Lincoln Square is located within walking dis-tance to schools, shopping and con-servation areas; it’s location two minutes from the QEW makes it a short commute to the GTA, Niagara Region and border.

Lincoln Square’s executive freehold townhomes are available in two-storey and split level designs starting at

beamsville

locATioN

executive freehold townhomes

houSiNg TYpe

289.566.8889 homesbydesantis.com

coNTAcT

SAleS ceNTre

Intersection of Ontario and May Street, beamsville


052-053 CF DeSantis_AY-WK.indd 53 1/31/13 1:51:56 PM

FEBRUARY 22-24th, 2013New Ancaster Fairgrounds, 630 Trinity Rd at Hwy 2

th

Presented By:

3 2 n d A N N U A L

Come E

njoy...


054-Ancaster Home Show 02-02-13.indd 54 1/30/13 1:57:09 PM

Condos FROM THE $180’s

COMING SOON TO BURLINGTON_

Rooftop Terrace

2 ACRE private playground

REGISTER NOW PARKCITYliving.CaK N Y A r c h i t e c t s / U N I O N 3 1 I N T E R I O R S / I N 2 I T I O N R E A L T Y / T O O L B O X S T R A T E G I E S M A R K E T I N G

For those who want fresh urban style without sacrificing outdoor space – ParkCity is your ideal fit! Imagine a cool condo with your very own park! ParkCity is a 2 acre outdoor oasis with plenty of spaces to spread out and enjoy the great outdoors.

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ParkCity_NHCgta_Jan 28.pdf 1 13-01-29 2:32 PM

055-Tobyn Park-ParkCity 02-02-13.indd 1 1/30/13 1:57:33 PM

Hamilton may be only less than an hour’s drive west along the Queen Elizabeth Way, but it has long lived in the shadows of its big city neighbour Toronto.

Long known as Steeltown, The Hammer and other less-than-complementary monikers, Hamilton has undergone a fundamental transformation that has the city poised for long-term prosperity.

For homebuyers considering purchasing in the area, there are good reasons to consider Hamilton. The city has been cited as among Canada’s most welcoming areas, particularly for first-time buyers.

The Real Estate Investment Network, for example, has named Hamilton as the top real estate investment town in all of Ontario through to 2018. Continuing diversification of the city’s economy, coupled with increased accessibility provided by the transportation improvements, provides a strong economic base, the group says. In a few short years, Hamilton’s economy will be unrecognizable compared to past decades.

In recent years, Hamilton has seen significant expansion in sectors such as health care and post-secondary education,

c i t y f o c u s

HamiltonStill humming along

PoPulation

692,000, metro areaMajor Post-secondary institutions

McMaster University, Brock University, Mohawk CollegenuMber of Public and catholic schools

180Major eMPloyers

Health services, manufacturing, government, education sectorsaverage hoMe Prices

dec 2012: $360,059 dec 2011: $333,498distance froM toronto

70 kilometres, 45 minutes

Hamilton at a glance

by Wayne Karl


056-057-058-059 City Focus Hamilton_JY_AY-WK.indd 56 1/31/13 1:52:10 PM

offsetting a historical reliance on steel manufacturing. Indeed, Hamilton’s economy today is much more diversified than the Hammer of old.

Economic growth in Hamilton is stellar. The Conference Board of Canada, in its Metropolitan Outlook – Autumn 2012, cited Hamilton-Burlington economy as the fastest growing in Ontario for 2012.

Hamilton’s gross domestic product (GDP) was to grow by 2.5 per cent in 2012, thanks to renewed demand for steel and growth in several other manufacturing industries. Even better, growth will be at least that over the next four years, the Board says.

The city, in fact, ranks fifth in all of Canada in projected 2012 economic growth among 13 cities tracked in the report. The top four cities are Edmonton, Calgary, Regina and Vancouver, with Toronto coming in sixth.

Hamilton’s manufacturing sector was forecast to grow 4.5 per cent in 2012, following increases of 8.6 per cent in 2010 and 3.7 per cent in 2011. The board predicts 3.4 per cent growth through 2013-14.

Housing demand in Hamilton is to remain stable through 2013, as improving economic conditions and higher net migration will support housing demand in the area, according to Abdul Kargbo, senior market analyst at Canada Mortgage and Housing Corp. (CMHC).

“A gradual improvement in job and income growth during the latter part of (2013), combined with modest price increases, should support Hamilton resale activity by the second half of 2013.”

Net migration into Hamilton doubled in 2011 from the reces-sion levels of 2008, and totalled more than 19,500 over the last four years, as people were attracted to the improving job market.

The Hamilton census metropolitan area (CMA) is seeing some-thing of a shift towards higher-density housing, while lowrise starts are seeing more concentration in surrounding communities.

In the Hamilton CMA, the average new home price will be driven by compositional factors, CMHC says. In 2010, buyers were looking to purchase homes at the upper end of the price scale prior to the implementation of the HST. The surge in demand resulted in prices of new single-detached homes averaging more than $450,000. Through 2011, while the average price continued to be pulled upwards by some of the luxury homes in neighbouring Burlington, the median price of a single-detached home in the Hamilton CMA



remained $400,000. Both the median and average new home price were expected to rise modestly through 2012, CMHC says.

Average home prices are also on the rise, to $360,059 in De-cember 2012 from $333,498 in December 2011, according to the Canadian Real Estate Association.

Non-residential projects underway in the region include major expansions in the health care sector, and millions of dollars spent on infrastructure improvements. A new rapid transit system is also being studied, which is expected to further benefi t already improving inter-city travel. .

The city is working with Metrolinx, the provincial body respon-sible for expanding transit in the GTA and Hamilton area, and is awaiting a fi nal recommendation for the project.

Other recent signifi cant industrial news includes Canada Bread’s new $100-million, 375,000-sq.-ft. bakery in the city’s industrial park in Glanbrook, replacing three smaller operations in Toronto. The project was to create 300 permanent jobs, as well as 120 construction and 31 seasonal positions.

Columbian Chemical also recently announced a major expan-sion of carbon black production at its plant in Hamilton.

Beyond these industrial expansions, Hamilton is also seeing a marked increase in other types of businesses moving into the downtown area. Much of the employment growth, in fact, is taking place in creative services, education, professional-scien-tifi c and health care.

CMHC says job prospects are expected to continue to improve, and Hamilton will likely fare better than other Ontario markets due to its increasingly diverse base of industries, which keep the labour market more balanced.

Thanks to billions of dollars in infrastructure improvements around and within the city, as well as expanded GO Train ser-vices, the “new” Hamilton is becoming more accessible as well as desirable. Buyers can acquire more affordable property here and commute to Toronto, or other neighbouring communities such as Burlington, Oakville or Mississauga. An emerging con-dominium market provides buyers with an even more affordable entry into Hamilton.

Developers see this potential and a number of new projects are underway from all of Losani Homes, Empire Communi-

it is home to the Royal Botanical gardens, a major tourist att racti on and signifi cant local and regional horti cultural, educati on, conservati on and scienti fi c resource.



ties, Multi-Area Developments, New Horizon Homes, Spallacci Homes and Country Green Homes, with many aimed at first-time buyers and priced accordingly.

Hamilton also has plenty going for it in terms of culture and entertainment. It is home to the Royal Botanical Gardens, a major tourist attraction and significant local and regional horticultural, education, conservation and scientific resource.

The city is also home to the Art Gallery of Hamilton, Ontario’s third largest public gallery.

For sports enthusiasts, there’s the Hamilton Tiger Cats of the Canadian Football League. More recently, in 1996, the Hamilton Bulldogs of the American Hockey League came to town and play out of Copps Coliseum. Copps, located downtown, which also serves as a venue for concerts and other events.

If living in the city is not exactly your favour, development is also leading to growth in adjacent areas such as Ancaster, Dundas, Flam-borough, Glanbrook and Stoney Creek. Homes by DeSantis, Losani Homes, Branthaven Homes, Mattamy Homes, Rosehaven Homes and other builders all have communities under way in these towns.



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EvErything around you has an impact on you whether you realize it or not. When you create and develop your décor, you are trying to set the tone of the room – give it a certain look and feel. You take time to include pieces you like and enjoy, whether they are part of the design or part of the function of the room. But other pieces make their way into your space, even though they may not belong there or may be there for the wrong reasons. By organizing, de-cluttering and streamlining, you can make sure your environment has the right effect!

Is clutter getting you down? Surrounding ourselves with items that mean something to us brings pleasure. And then there’s all the other stuff. Often, when we feel down but can’t figure out why, it could be the clutter. Even if it’s stuffed in the back of the closet, the basement or the garage, you know it’s there.

Every item holds a vibrational energy; if you’ve buried sad reminders of disappointments from your past, know that as long as you keep these emotionally toxic things in your space, they are still haunting you. Break free from the past and make space for new opportunities to come into your life. If it’s in storage and bringing you sorrow, now is a great time to let it go. Out with the old, in with the new!

Eliminate your clutter hot spots We all have certain spots in our homes that have become magnets for clut-ter, usually because they provide a convenient, empty, flat surface to pile things on. Walk around your home to determine where the clutter hot spots are, then remove the clutter (toss it in a box or laundry basket for now) and put something beautiful in its place, like a vase or a sculpture. If it’s the dining room table, set it as if you were having a dinner party. This will deter you from using it as a drop zone. Walk around your home with the box you tossed everything into and deposit these items where they belong, either in the garbage or recycle box or stored elsewhere in your house. If they don’t have a proper home, create one.

Detaching from sentimental attachment Things that have a story attached to them are often difficult to let go of because of the sentimental attachment. Keep in mind that the item is not the memory; it simply triggers the memory. It may be beneficial to take a picture of the item and put it in a scrapbook or photo album with a short note telling its story. That way, the memory is preserved without taking up as much space. Another option is to pass along the items to a family member who could put them to good use.

Daily de-clutter habit You brush your teeth every day. You shower every day. Why not de-clutter every day too? Make it a habit, just like the examples I gave, and it will become second-nature. Throughout the day, when you pull something out, take a moment to put it back when you are finished with it. At the end of the day, take a couple of minutes to do a “clean sweep” of your home and put away anything that is out of place. Keep a sticky note somewhere on your way to your bedroom to remind you for the first little while. After doing it for a month, you can take the note down because it will have become a habit – one that will serve you beautifully for the rest of your life. This simple practice can help you cut down on clutter without taking a lot of time and effort.

by HEllEn ButtIgIEg

Hellen Buttigieg, CPO, is a Certified Professional Organizer, life coach, TV host, author and owner of We Organize U. Visit her website, weorganizeu.com, for a free e-Book on how to find more time, energy

and inner peace. Contact Hellen at 905.829.2219 or [email protected]

q u i c k t i p s

ThE IMpAcT Of

stuff

62 New home & coNdo guide Swo | feBrUary 2 - 16, 2013

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A NEW YEAR HAS BEGUN AND YOU’RE ANALYZING YOUR FINANCES, planning for the future and wondering where you can get the best return on your money. As we approach another tax season, you’ll be inundated with multiple mutual fund companies promoting the tax advantages of parking your RSP money with them. You’ll wonder about the stock market and the ongoing global issues. You’ll start to look at hard assets such as gold or precious medals. And, of course, you’ll look at real estate. The hard question is, which vehicle will produce the best results? My answer to this question will always be the same: the action is dictated by the goal.

First and foremost, it is important to understand that all of the above options are simply vehicles designed to accomplish an end result. The � rst step is to determine what that desired end result is, and then ask yourself, which vehicle will move me closer to that goal? You may have a variety of arguments or reasons to choose one vehicle over another, but here are four reasons why you may want to consider real estate as your investment vehicle of choice, along with one caution:

1 The power of leverageLeverage is a tool that can work for you or against you, but there is no denying the fact that it is a very powerful tool. Let’s take the example of two inves-tors sitting on $100,000 cash. ›› One investor chooses to put their capital into either the stock market or

precious metals. If they spend $100,000 – they receive in return $100,000 in either stock or a precious metal asset. If their investment were to in-crease (perform) at a rate of 20 per cent over the course of a year (although I don’t presently know of any funds offering that return) their investment of $100,000 would produce a $20,000 return.

›› The other investor chooses to use her $100,000 cash as a 20-per-cent down payment and purchase a $500,000 property in an area that has good economic fundamentals and pro-duces a positive cash � ow every month. Let’s assume that this property increases by only � ve per cent over the course of the year. That would make the value of the property $525,000 – effectively a $25,000 increase in your asset value – not including the amount of debt reduction or positive cash � ow over the course of the year.

by PETER KINCH

Why real estate investi ngSTILL MAKES SENSE

t h e m o r t g a g e m i n u t e

On the surface, the � rst investor had an investment that outperformed our real estate investor by four times, but actually made less money due to the fact that it wasn’t leveraged.

That’s the power of leverage. The key is to understand that it can also go the other way – and that is the impor-tance of having a long-term strategy and investing in areas with strong fun-damentals and good cash � ow.

2 Interest ratesTwo keys to being able to develop a successful real estate portfolio are affordability and cash � ow, and an underlying fundamental to both of those is the rate you pay for borrow-ing money.

The good news for Canadian inves-tors in 2013 is that we still have low interest rates.

Due to the ongoing global credit issues, the Bank of Canada (BoC) has indicated its intent to keep rates low through to 2013. But it is impor-tant to note that the BoC can only in� uence the prime lending rate – which is used to determine your vari-able rate mortgage.

It is important for consumers to remember that the � xed rates are governed by the bond market and that although the BoC has indicated it does not intend to increase the prime lending rate, that does not guarantee

Two keys to being able to develop a successful

real estate portf olioare aff ordability and

cash fl ow, and an underlying fundamental to both of those is the

rate you pay for borrowing money.


066-067 kinch-Why Real Estate Investing Still Makes Sense_AY-WK.indd 66 1/31/13 1:52:40 PM

that long-term rates will not rise in the meantime. A return of money to the markets will cause a drop in bond pricing followed by an increase in the bond yield, which will result in an increase in long-term rates even if the BoC leaves prime unchanged.

A further threat to low interest rates is that even though we will not likely see a rise in prime, we have already seen the disappearance of the discount on variable-rate mortgages. Due to a lack of liquidity in the global markets, the cost of borrowing has increased for lenders. As such, variable-rate mort-gages are less pro� table and they have cut back on the discounts they offer. The net result for borrowers is that the amount you pay on a variable mortgage is not as attractive as it was a year ago.

Having said that, we need to be very clear that even without a discount, a prime lending rate at or about three per cent is ridiculously cheap and allows for great investment opportunities. There are multiple opportunities within the Canadian marketplace that can create positive cash � ow as long as the interest rates are below four per cent and you can easily get a � ve-year term today well below four per cent, so the ability to get a cash-� owing property and lock that in for � ve years will be as good in 2012 as it’s ever been.

3 Seeking safe harboursAs the global � nancial markets con-tinue going through more drama than a daytime television show, the fallout is consumer angst resulting in low consumer con� dence.

When consumers lack con� -dence, they tend not to make big-ticket purchases. Real estate is obvi-ously one of those items and this alone could result in a slight drop in market values. However, it is the exact same angst and fear that drive consumers to seek out safe harbours in a storm, placing their money in areas perceived as protected from the roller-coaster that the stock market has become. This is the reason we have seen records in the price of gold. Investors are speaking with their pocketbooks and saying loud and clear that they are losing con� dence in the market and want a tangible asset that they can own and hold. What could be more tangible than real estate and if you were looking for a safe harbour in real estate, which country would you invest in?

Canada has been seen globally as one of the few countries to have survived the last global recession relatively unscathed. In fact, our banking system and domestic economy have become the envy of the world.

4 Sound economic fundamentalsRegardless of where you buy real estate, you should make your purchase based on sound economic fundamentals. There is no such thing as a Canadian real estate market – it is regional. You can have solid fundamentals in one town, while another within 100 kilometres could have an economy based solely on exports to the U.S.

I expect the U.S. to be hit harder by the fallout in Europe, but that will impact only regional Canadian economies that depend on trade with the U.S.

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]

Although we are still largely an export-dependent country, there are a lot of regional pockets that have a strong domestic economy and are ex-pected to grow in spite of global issues. Look for strong GDP growth, followed by strong employment numbers which in turn brings a strong tenant base. A strong tenant base combined with low interest rates creates the opportunity for positive cash-� owing properties. And if the property � ows cash in good times and in bad, you need not worry about potential for values to fall or bubbles to burst.

The value of your property the day after you buy it is irrelevant until the day you go to sell it. If you are purchasing investment real estate with a long-term buy-and-hold phi-losophy, and you have purchased in an area that gives you positive cash � ow, then you don’t need to worry about the hype in the headlines re-garding property values. Just focus on letting your tenants pay off the mortgage over time and enjoy the cash � ow when you have a free and clear asset.

So, as you look at your � nancial options for the year, ask yourself � rst and foremost: What results do I need from my investments, Then analyze your options in the context of your goals. If you choose real estate, simply stick to the fundamentals, take action while others worry over headlines, take advantage of low rates and use leverage wisely. Invest and don’t spec-ulate, and both you and your children will be glad you did in the years to come. Happy investing!

There is no such thingas a Canadian real

estate market – it is regional. You can have solid fundamentals in

one town, while another within 100 kilometres

could have an economy solely based on exports

to the U.S.


066-067 kinch-Why Real Estate Investing Still Makes Sense_AY-WK.indd 67 1/31/13 1:52:42 PM

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HomeBuyers’ ResouRce section

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h o m e b u y e r s ’ h e l p

69

069-072-073-074 Homebuyers Resource_AY.indd 69 1/31/13 1:52:50 PM

cALcuLAte YouR mortGaGe Payments

01Calculate the combined monthly before-tax income

of you and your spouse.

02Divide by three. This figure is the monthly payment you can afford

to make on your home.

03Take the total price of the home and subtract the amount of

money you expect to make as a down payment. This is the money you will have to borrow.

04Refer to the chart on the opposite page. Look down the

left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.)

05Multiply this figure by the amount you need to borrow.

Divide by 1,000.

06Add to this your estimated monthly heating costs and

monthly property taxes.

07If this figure is equal to or less than one-third of your gross

monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream home.

cHart fIGure mortGaGe amount÷ 1,000

Interest rate montHly Payment

eXAMPLe: 5% 25 YeARs 5.82(mortgage amouNt $125,000)

125 $

amortIZatIon PerIod

follow tHese stePs to see If you’ll QualIfyfor a mortGaGe on YouR DReAM HoMe

Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies varyin their policies. The best way to know what you can afford is to go to the lending institution of your choice andget pre-qualified.

72 New home & CoNdo guide swo | FEBRUARy 2 - 16, 2013


3.00% 9.65 6.90 5.54 4.73

3.25% 9.76 7.02 5.66 4.86

3.50% 9.88 7.14 5.79 4.99

3.75% 9.99 7.26 5.91 5.13

4.00% 10.11 7.38 6.04 5.26

4.25% 10.23 7.50 6.17 5.40

4.50% 10.34 7.63 6.30 5.53

4.75% 10.46 7.75 6.44 5.67

5.00% 10.58 7.88 6.57 5.82

5.25% 10.70 8.01 6.74 5.96

5.50% 10.82 8.14 6.85 6.10

5.75% 10.94 8.27 6.98 6.25

6.00% 11.07 8.40 7.12 6.40

6.25% 11.19 8.53 7.26 6.55

6.50% 11.31 8.66 7.41 6.70

6.75% 11.43 8.80 7.55 6.85

7.00% 11.56 8.93 7.69 7.00

7.25% 11.68 9.07 7.84 7.16

7.50% 11.81 9.21 7.99 7.32

7.75% 11.94 9.34 8.14 7.47

8.00% 12.06 9.48 8.28 7.63

8.25% 12.19 9.62 8.44 7.79

8.50% 12.32 9.76 8.59 7.95

8.75% 12.45 9.90 8.74 8.12

9.00% 12.58 10.05 8.86 8.28

9.25% 12.71 10.19 9.05 8.45

9.50% 12.84 10.33 9.20 8.62

9.75% 12.97 10.48 9.36 8.78

10.00% 13.10 10.63 9.52 8.95

10.25% 13.24 10.77 9.68 9.12

10.50% 13.37 10.92 9.84 9.29

10.75% 13.50 11.06 10.00 9.46

11.00% 13.64 11.22 10.16 9.63

11.25% 13.77 11.36 10.32 9.80

11.50% 13.91 11.52 10.49 9.97

11.75% 14.04 11.66 10.65 10.15

12.00% 14.18 11.82 10.81 10.32

12.25% 14.32 11.97 10.98 10.49

12.50% 14.46 12.13 11.15 10.67

12.75% 14.59 12.28 11.31 10.85

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 ÷ 1,000) X 5.82 = $727.50

mortgage paYmeNt calculatIon cHart

amortIZatIon PerIodsinteRest

RAtes10

YeARs15

YeARs20

YeARs25

YeARs

%

FEBRUARy 2 - 16, 2013 | New home & CoNdo guide swo 73


ATB Financial 3 4 3.1 3.14 3.7 4.39 3.19 6.30op 6.30op 6.50op

Alterna Svgs/Alterna Bk 3 4 3.05 3.09 3.09 3.29 3.24 6.30op 6.30op

Bank of Montreal 3.1 4 3 3.04 3.65 4.64 3.09 6.30op 6.30op

Bank of Nova Scotia 3 4.55 3.75 3.89 2.79 4.39 3.99 6.45op 6.50op

Canadian Western Bank 4 3.1 3.14 3.7 4.64 5.24 6.45op 6.30op

CIBC 3.2 3 3.14 3.5 4.39 5.24 6.70op 6.35op

HSBC Bank Canada 3 4.45 2.7 3.95 2.98 4.99 3.49 6.20op 6.35op

ICICI Bank Canada 3.05 3.15 3.65 3.64 3.69 3.44

ING Direct 3 3 3 2.79 3.25 3.08

Laurentian Bank n/a 4.4 3.09 3.14 3.7 3.64 3.79 6.70op 6.30op

Manulife Bank 3 4.45 3 3.05 3.1 3.1 3.09 4.00op

MonCana Bank 2.94 2.94 2.94 2.99 3.04

National Bank n/a 4 3.1 3.14 3.7 3.19 3.79 6.70op 6.30op

President’s Choice Finan 3.2 3.2 3.24 3.35 3.44

Royal Bank 3.2 4 3 3.04 2.99 4.64 3.29 6.30op 6.30op

TD Canada Trust 3.2 3 3.04 3.65 3.49 3.29 6.30op

trust comPanIes AGF Trust n/a 2.99 3.1 3.5 3.64 3.14

Community Trust n/a 6.5 3.1 3.35 3.95 4.64 5.24

Effort Trust n/a 4.45 3.25 3.6 3.9 4.5 4.95 6.30op 6.30op

Home Trust Company 3.2 3.95 2.74 2.69 2.89 3.15 2.99

Investors Group Trust n/a 4 3 3.14 3.65 4.64 5.24 6.50op 6.30op

MTCC 3 4.55 3.75 3.89 2.79 4.39 3.99 6.45op 6.50op

otHer fInancIal InstItutIons Airline Financial C.U. 4 2.99 3.25 3.29 3.09 3.49 6.25op

Comtech Credit Union 2.79 6.6 2.99 3.25 3.29 3.19 3.29 8.40op 9.00op

First National Fin. LP 3.95 2.74 2.79 2.89 3.15 3.09

FirstOntario C.U. 2.79 3.09 3.19 3.24 3.29 3.24 6.34op 6.34op

London Life n/a 4 3 3.14 3.65 4.64 5.24 6.50op 6.30op

MCAP 2.9 3.6 3.95 4.35 4.89 5.24 7.00op

Meridian Credit Union 2.85 4.45 3.1 3.14 3.7 3.4 3.28 6.30op

Parama Credit Union 2.9 3.1 3.15 3.15 3.25 3.5

Steinbach Credit Union 2.5 2.5 2.6 2.8 2.9 3.1

Teachers Credit Union 4 4.45 3.05 3.15 2.79 3.89 3.29 6.30op 6.50op

Compare mortgage rates for your Best dealcHARteReD BAnKs Variable 6 Months 1 Year 2 years 3 years 4 years 5 years

Notes: **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice.R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLEJan. 28, 2013. Prepared By Fiscal Agents Financial Information Services 905.844.7700

74 New home & CoNdo guide swo | FEBRUARy 2 - 16, 2013


T


INSIDE THIS ISSUE

SUPPLY ISSUES AFFECTINGLOWRISE HOME SALES

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76 new home & condo guide swo | february 2 - 16, 2013

076 Advertisers index_AY-WK.indd 76 1/31/13 1:53:09 PM

“BUY LAND, THEY’RE NOT MAKING IT ANYMORE.” NO DOUBTyou’ve heard this adage, originally a quote from Mark Twain, but what you may not realize is just how prophetic the sentiment has become, particularly when it comes to the home building industry.

A review of 2012 sales from the BILD Industry and Land Develop-ment Association (BILD) and RealNet Canada Inc. provides some excel-lent insight into how policy issues are affecting the market. Speci� cally, it underlines how challenging land availability is becoming for develop-ers – and, though they may not realize it yet – for consumers.

A recent conversation with a prospective new-home buyer illustrates the point from the latter’s perspective. John Brown (not his real name) was discussing his plans to buy a new lowrise home and, after reading reports that “the housing market is slowing,” he said he decided to wait, until, in his words, “prices come down some more.”

Well, John, prices may indeed dip in some areas of Southwestern Ontario and the GTA, and in some housing categories, but your gen-eralization that new lowrise home prices are going to come down across the board is not entirely accurate.

Perpetuating a common misconception, John fails to differentiate the new home market from resale. Generally, the two are very different, and the factors that in� uence each are distinct.

Now is still a good time to buy a new home – and here’s why.In the Toronto example, the issue affecting new home sales is not

the “slowing market,” rather land supply and other challenges speci� c to the home building industry.

The results speak for themselves. Lowrise new home sales in the GTA are way down, as is lowrise supply. Prices in the same period, meanwhile, are way up – great for people who’ve already bought new homes, but less so for prospective buyers on the new-home hunt now.

WHAT’S AFFECTING SUPPLY TO SUCH AN EXTENT?BILD president and CEO Bryan Tuckey explains that “The decline in lowrise sales is a direct result of provincial public policy that has en-couraged intensi� cation in existing communities and constrained land supply in the regions surrounding the city of Toronto.”

Adds BILD First Vice-Chair Steve Deveaux: “Governments must acknowledge that the constraints being placed on the market, particu-larly in the lowrise sector, are having dire results. Land constraints, regulatory requirements and a complex approval process fraught with delays are seriously challenging the vitality of the lowrise sector, as well as housing choice for the new-home buyer.”

The issue is not exclusive to the GTA. Tuckey and Deveaux’s counterparts in Hamilton, Ottawa and elsewhere in the province are citing similar challenges.

In our last issue, for example, Hamil-ton-Halton Home Builders’ Association Executive Officer Mathieu Langelier wrote about how one city council decision was directly adding at least $3,000 to the cost of new homes in Hamilton.

A builder recently recounted a story about how one municipality instituted at 125-per-cent increase in development charges – yes, 125 per cent – as the city in question (and others across the prov-ince) tries to improve on decades-old infrastructure. The company saw talking the municipality down to only a 100-per-cent increase as a victory. The net effect of this action is that each homesite in the proposed development beginsat $65,000 – before a shovel even hits the ground.

What effects new home prices more than market conditions is hard costs – land, materials, trades and development fees – and none of those is going down.

If you’re lucky, you may � nd a builder selling off remaining lots in a community by offering incentives such as upgrades to standard features, credits in décor centres or design services – or slight dis-counts off inventory. But developers are more likely to delay a project launch, rather than lower prices.

So, John and other prospective new-home buyers – there’s no need to wait. If you’re � nancially prepared (and the Bank of Canada just, once again, announced it was holding interest rates), now is a good time to buy.

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 Twitt er at Twitt er.com/WayneKarlby WAYNE KARL

PLANNINGTO BUY NEW?

Now is agood time

f u n d a m e n t a l l y s p e a k i n g


077 FS Buying new, buy now_AY-WK.indd 77 1/30/13 2:08:32 PM

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*$15,000 in upgrades on 42’ lots and $20,000 on 50’ lots. Linked below grade. See sales representative for details. Prices, sizes and specifications subject to change without notice. E. & O.E. Illustration is artist’s impression. All square footages are approximate. Actual usable space varies from stated floor area.

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PHONE: 905.680.0841 • Model homes close 30 minutes prior to sales centre

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2. Oversized windows

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4. Gourmet kitchens

5. Two car garage

6. Spacious family rooms

7. Large ensuites

8. Standard skylights


078-079-Great Gulf-Thorold 01-19-13.indd 78 1/30/13 1:04:29 PM

SAVE $25,000GREAT GULF HOMES IN THOROLD NIAGARA

FROM $307,9901,845 -2,305 SQ.FT.

VISIT OUR PRESENTATION CENTRE

CLOSE IN 120 DAYS

SALEPRICE:

$307990

The Brock SQ.FT: 1,845

CURRENT PRICE: $332990

ROLLING MEADOWS

DETACHED HOMES42 FT. LOTS

The NiagaraSQ.FT: 2,015

SALE PRICE:

$312990

CURRENT PRICE:

$337990The Escarpment

SQ.FT: 2,165

SALE PRICE:

$319990

CURRENT PRICE:

$344990The ErieSQ.FT: 2,305

SALE PRICE:

$327990

CURRENT PRICE:

$352990

*$15,000 in upgrades on 42’ lots and $20,000 on 50’ lots. Linked below grade. See sales representative for details. Prices, sizes and specifications subject to change without notice. E. & O.E. Illustration is artist’s impression. All square footages are approximate. Actual usable space varies from stated floor area.

GREATGULF.COM /THOROLD

MODEL HOMES NOW OPEN42' AND 50' LOTS 1,845 – 3,095 SQ. FT. FROM $307,990

Up to$20,000 in upgrades*

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Thur & Fri, Closed Sat & Sun, 12pm-5pm

PHONE: 905.680.0841 • Model homes close 30 minutes prior to sales centre

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W.I.C.

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Dn

Lin W.I.C.

Bath 2

Bedroom 214'7" x 10'6"(11'4")

Bedroom 312'0" x 11'0"


Ensuite

Oval tub

SH

W.I.C.

Raised Ceiling

W.I.C.


SlopedUp



Bedroom 49'0" x 10'4"

Railing

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Tiled ledge

Opt. Linen closets

CoveredPorch

Garage18'3" x 22'2"



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Up




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Ledge

Opt. Skylights

PWD


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Alt.Sump

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2.

1.

3.

4.

5.

6.

42' FEATURES 1. Beautiful light filled homes

2. Oversized windows

3. Breakfast areas

4. Gourmet kitchens

5. Two car garage

6. Spacious family rooms

7. Large ensuites

8. Standard skylights

078-079-Great Gulf-Thorold 01-19-13.indd 79 1/30/13 1:04:30 PM

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southwestern ontario new home & condo guide - february 2, 2013

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