GTA New Home Guide - March 16, 2013

March 16 - 30, 2013 Volume 21 Issue 06

INSIDE THIS ISSUE

IMPORTANCE OF THE PRE-CLOSING INSPECTION

A HOW-TO FORNEW-HOME SHOPPING

HOUSING AFFORDABILITYIMPROVES SLIGHTLY

001-NHGTA_03-16-2013.indd 1 3/11/13 4:05:04 PM

aspenridgehomes.com

Racer. Daredevil.

Project1_Layout 1 13-02-11 4:40 PM Page 1

Markham

Upper Cornell MODEL NOW OPENNortheast corner of 9thLine & Bur Oak

Semis & Singles from the mid $490s

905.554.3446

King City

King OaksNEW RELEASEMike Niven ModelEast side of Keele St.,south of King Rd.

60', 70' & 80' Singlesfrom $1.1 million

905.539.0181

Kleinburg

Kleinburg HillsNOW OPENHwy. 27 & MajorMackenzie Dr.

40', 50' & 60' LotsSingles from $800s

647.921.0381

Nobleton

King Country EstatesNEW RELEASETWO Mike Niven ModelsEast side of Hwy. 27 justnorth of King Rd.

Semis from $570sSingles from $780s

905.558.0255

Richmond Hill

Kettle Lakes ClubNOW OPENBayview Ave. &Bethesda Side Rd.

Executive Towns from the mid $500s

289.231.2849

Brampton

Credit Manor Heights NOW OPENMississauga Rd. & Steeles Ave.

Towns from $400sSingles from $600s

905.216.5155

Welcome to Credit ManorHeights, with its family-friendlystreetscapes blended by awealth of amenities, includingschools, hospitals andshopping outlets. Take yourfamily for a picnic at ProfessorsLake, with its groomed sandybeaches and popular waterslides, or enjoy a day atChinguacousy Park, home to aquaint farm with petting zoo,animal rides, mini-golf, tenniscourts and botanical gardens.

Dare to live thelife you've alwaysdreamed of.

Aspire.aspenridgehomes.com

Aspen Ridge Homes. Prices and specifications are subject to change. See sales representative for details. All Rights Reserved. E.&O.E. February 2013. 20505.

Project2_Layout 1 13-02-11 4:39 PM Page 1

Finances Building your best financial future at every age

fieldgate homes Spring is in full swing at Fieldgates many fine communities

p. 24cover story

contentsmarch 16 - 30, 2013 || volume 21 issue 06

community focus features52 alliston

FarSight Homes All-new bungalows-plus-lofts deliver quality and value

62 port hope Geranium Homes Move in this year at the Verandas in Port Hope

82 MarkhaM Mattamy Homes At Mattamys Cornell, youll find higher standards come standard

104 chippawa Rosehaven Homes Models under construction at Lyons Creek in Chippawa

52

82

62

104

44

80

64

community focus features

regular and special featuresin every issue4 editors note 10 contributors 54 hot dates 118 ad index columnists14 bild report

Excitement surrounds the National Home Show by Bryan Tuckey

18 taxing issues Valuable tax tips for first-time buyers by Henry Choo Chong

28 mortgage finesse Do you know how your mortgage provider gets paid? by Calum Ross

38 legally speaking The importance of the Pre-Closing Inspection by Jayson Schwarz

40 industry outlook A how-to for new-home shopping by Hugh Heron

64 quick tips A dose of reality by Hellen Buttigieg

112 fundamentally speaking Homeownership affordability continues to improve by Wayne Karl

homebuyers help44 10 minutes with...

Cheryl Shindruk, executive vice-president of Geranium Corp.

50 finances Five important financial questions for this economy

60 finances Are you at risk if interest rates rise?

78 finances Building your best financial future at every age

102 trendspotting Colour punch by Elisa Krovblit

108 smart shopper Exclusive discounts and deals for our readers

111 resource section Mortgage Calculator and Rate Table

115 gta hot sheet Two pages of new openings, new releases and preview registrations

in the news16 bmo

Go fixed, go five and become mortgage-free faster: BMO

32 cibc Canadian economic growth to improve in 2013: CIBC

42 enerquality announces 2012 Awards of Excellence Winners

46 bmo economics Housing affordability not a barrier to typical buyers

48 modular home additions Adding space and value the modular way

80 acorn homes set to open the doors at Oak Knoll in Richmond Hill

88 impressions Impressions in the Village of Kleinburg makes quite an... impression

e d i t o r s n o t e

The cover date of this issue is March 16 a few days into Daylight Savings Time and less than a week before the official start of spring and Mother Nature has already teased us with a sign of warmer things to come. Indeed, spring is always busy season in the housing market, and this year, despite

some recent cooling in some areas and housing types, should be no different. Fair weather and still-favourable mortgage rates should point to the sales pace continuing in the coming weeks and months.

Need proof? Take advantage of the nicer weather and get out there and visit some new-home sales centres and model homes. A combination of factors including land availability and affordability is restricting supply of single-detached homes, in particular, at the moment. You may be surprised at just how quickly new lowrise developments are snapped up by homebuyers.

Were also betting youll be impressed by how new-home builders in the GTA and elsewhere are responding to such challenges, by offering more variety of home options. Gone are the days when the main choices were simply lowrise and highrise. Todays buyers want variety townhomes, semis, singles, freehold and condominium ownership and developers are delivering in spades.

Wayne Karl Editor Wall2Wall Media, [email protected]

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

Getting a jump on spring By calendar if not by temperature, this time of year signals change and opportunity

Buying made easy three simple steps to success

S hopping for a home online is a great way to narrow your search, but theres nothing like visiting the sites, models and sales offices to get down to the nitty-gritty. Before you venture out, here are some pointers:First, be clear about what you want and expect in a new home and in your builder. Remember, the range of prices in the new-home market generally reflects

differences in location, features and home styles. Theres no magic involved. If a builders pricing seems out of whack with others in the area, ask for an explanation. Higher prices could mean better quality materials, finishings, features and service. Make sure that the price you are paying will deliver the quality you want.

Second, understand exactly what is included with the home you are buying and what is optional. Ask the sales representative to show you samples, and request a spec sheet that clearly lists what is included, as well as any upgrade options.

Third, evaluate any promises that have been made during your visit. Is the builder prepared to put them in writing? Hearsay comments should not be included as part of your evaluation process. Sit down with your sales representative, ask questions and discuss your Agreement of Purchase and Sale in detail then take it to a lawyer before its finalized.

Susan Legge Editor-in-chiEf Wall2Wall Media, [email protected]

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

4 nEw homE guidE gtA | marCH 16 - 30, 2013

ballantryhomes.comPrices and specifications are subject to change without notice. E.&O.E.

dreamsWe build

AVID RATINGS CANADA

Ballantry Homes recipient of the

2012 AVID BENCHMARK AWARD

TOP 25% FOR CUSTOMER

EXPERIENCE NATIONWIDE

REGISTER NOW!A collection of Urban Townhomes and

Mid Rise Condominiums coming soon to Oakville

BRAMPTON

NEW RELEASESemi-Detached and Detached Homes

surrounded by valley lands

905-457-3698SEMI DETACHED

$370sSTARTING FROM THE HIGH

DETACHED

$500sSTARTING FROM THE LOW

M ODEL HOMESfabulousfurnished

905-294-0221

NEW

RELEAS

E!

MARKHAM

SEMI DETACHED

$400sSTARTING FROM THE MID

DETACHED

$500sSTARTING FROM THE MID

BALT-MUL-A-AD-NHC-MAR6-1.indd 1 13-03-06 2:55 PM

My Bloom North YorkA masterplanned, all Townhome communityBathurst St. & Finch Ave., North York

Now opeN

Starting from the low $300s416.730.1600

My Enclaves GeorgetownA community within natures glorySemi Links & 30 Detached HomesGuelph St. & MacFarlane Dr., Georgetown

Now previewiNG


My Somerset AjaxDurhams Model Home of the Year37 & 42 Detached HomesSalem rd. N. & williamson Dr. e., Ajax

UNDer CoNSTrUCTioN

Starting from $469,990905.428.0500

My Millstone OakvilleUrban TownhomesDundas St. w., east of Bronte rd., oakville

UNDer CoNSTrUCTioN


My Humber Mews EtobicokeA Townhome enclave in South etobicokeBrowns Line & evans Ave., etobicoke

CoMiNG SooN

register now at menkes.com416.642.8955

My Dwell EtobicokeDesign forward TownhomesNorth of Burnhamthorpe rd.off the west Mall, etobicoke

CoMiNG SooN

register now at menkes.com416.642.8955

MY

St

Or

EY

S. M

Y M

EN

kE

S.Fa

ceb

ook.

com

/Men

kesL

ife@

Men

kesL

ife

menkes.com

MEN 20334_Low Rise Instagram NHG DPS Jan 13.indd 1-2 13-01-24 5:06 PM

Whether you are looking to move-up, move-down or to move-out, Mattamy has the

perfect home to suit your needs. Today in many of our communities we offer low-rise condos, which means

low maintenance for you. As well youll find a variety of Townhome designs and Detached Home

styles to suit any family size.

Come and discover why over 50,000families have chosen to live in more

than 150 communities across North America.

Youll find what you want, where you want.

Presentation Centre Hours: Monday to Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm

mattamyhomes.com

Today Find Your Perfectly Priced New Home Exactly Where You Want To Live.

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

Friendly Family Living In The Heart Of Brampton.

Higher Standards Come Standard In Our Final Release Of Townhomes &

36' Detached Homes.

Townhomes From $286,990

Detached Homes From $374,990



BRAMPTON MARKHAM

36' WideLot Home, Plan 7, Elev. D, 2,436 Sq.Ft., $496,990

Townhome, The Barrington, Elev. G, 1,306 Sq.Ft., $407,990

Bovaird Dr./Hwy.7

Steeles Ave.

McL

augh

lin

Rd. S

.

Sales Office

Enjoy New Connections & A Wide Variety Of Townhomes And Detached Styles In Our Affordable Mount Pleasant Neighbourhoods.

New Release Of New Village Home Designs Now Available In

Hawthorne Village.


Detached Homes From $354,990Village Homes From $282,990

BRAMPTON MILTON

38' WideLot Home, Plan 4, Elev. B, 2,458 Sq.Ft., $490,990

Village Home, The Netherby, Elev. F, 1,415 Sq.Ft., $315,990

Live Surrounded By Nature In Mattanys Brand New

Kitchener Community.

The Preserve Offers A Full Selection Of Village Homes, Rear Lane Townhomes, 34', 38', 45' & 50' Detached Homes.



KITCHENER OAKVILLE

43' Home, The Buttercup, Elev. C, 2,338 Sq.Ft., $424,990

38' Home, The Lavender, Elev. E, 2,708 Sq.Ft., $731,990

ON THE PARK

Sales Office

Jam

es S

now

Par

kway

Tra

falg

ar

Win

ston

Chu

rchi

ll

Derry Rd. E

To QEW

4th

Lin

e

Tru

deau

Dr.

16th Ave.

Corn

ell Cen

tre

Blv

d.

SalesCentre

Mar

kh

am R

d.

9th

Lin

e

HWY 7

HWY 407

OAKV ILLE

PRESERVETHE

Sales/DesignCentre

QEW

Hwy 5

4th

Lin

e

3rd

Lin

e

Bro

nte

Hw

y 403

Bovaird Dr./Hwy.7

Sales/DesignCentre

Hw

y 40

1

Hw

y 40

1Homer Watson Blvd.

Huro

n Rd.

Huron

Rd.

Fischer Hallm

an Rd . S.

Seabro

ok Dr.

Woodbine Ave.


Enjoy Our Open Designs With Family And Friends

Elev. G Elev. F

GTA_NH&Cdps_(all-sites)Mar9.indd 1 2013-03-05 4:51 PM

vice-president, wall2wall Media

Jacqueline Hill

sales Manager new HoMe guide gta, new condo guide, HoMe dcor & renovations

Conni Robinson

associate publisHer, new HoMe & condo guide swo, lifestyle coMMunities

Susan Maxwell

editor-in-cHief, national real estate

Susan Legge

editor

Wayne Karl

art director

Daiana Garay

contributing editors

Janine Druery, Sara Duck, Elisa Krovblit, Lydia McNutt (on leave)

senior account executive

Nina Downs [email protected]

senior account executive

Dionne Fraser [email protected]

sales & Marketing co-ordinator

Terry Bassett

distribution & sales co-ordinator

Jennifer Bistron

adMinistrative assistant

Antoinette Jackson

production Manager

Bala Gnanapandithan

production co-ordinator

Sandra Hanak-Vujnovic

grapHic designers

Dhaval Naik Sandra Hanak-Vujnovic

national account Manager, Mediative Paul Slizys

publisHed by

Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867

advertising Call 416.626.4200 for advertising rates and information.

circulation Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices.

copyrigHt 2013 All rights reserved by New Home Guide, Toronto, Ontario, Canada. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.

terMs Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E.

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

Please recycle this magazine! 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.

Mortgage finesse calum rossCalum Ross is senior vice-president and practicing mortgage agent with The Mortgage Centre. He has appeared on Canada AM, Investment Television, BNN and Citytv. He holds an MBA in finance and is an Accredited Mortgage Professional. He can be reached at 416.410.9905

contributorsnew HoMe guide

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

taxing issues Henry choo chong, cga

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

legally speaking Jayson schwarz, schwarz law -barristers and solicitors

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

industry outlook Hugh HeronHeathwood Homes

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

quick tips Hellen buttigieg Hellen Buttigieg, CPO, is a Certified Professional Organizer, life coach, TV host 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]

10 new HoMe guide gta | marCH 16 - 30, 2013

Hours: Mon-Thurs. 1-8pm, Fridays by appointment, Sat., Sun. & Hol. 11am-6pm. *Specifications are subject to change without notice. E. & O. E. See Sales Representative for details.

madisonhomes.ca

Corn

ell C

entr

e Bl

vd.

from $1,089,990

905-417-1203

Detached homes on 46, 50 and 60 lots. Ravine lots available.

from $525,990 905-472-7667

from $593,990 905-201-7700

Semis and Detached homes on 30, 36 and 40 lots.

decorated Mo

deLs

decorated Mo

deLsdecorat

ed ModeLs

Detached homes on 35' and 41' lots.

INVE

NTOR

Y SAL

E

$25,0

00 O

FF

NEW

RELE

ASE

NEW

RELE

ASE

Where dreams and families come together in 3 Superb Communities

MaRkHaM THORnHillMaRkHaM

UPTO

MAD-MULT-A-AD-NHC-JAN10-2.indd 1 13-01-10 3:59 PM

11

12 New home guide gTA | marCH 16 - 30, 2013

marCH 16 - 30, 2013 | New home guide gTA 13

by Bryan Tuckey

b i l d r e p o r t

Bryan Tuckey is President and CEO of the Building Industry and Land Development Association (BILD) and

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

and BILDs official online blog (bildblogs.ca).

The NaTioNal home Show iS upoN uS, aNd with Canada Blooms once again co-locating to create North Americas largest home and garden event, you can be sure to expect another spectacular display of innovative products and new ideas!

More than 200,000 attend the National Home Show each year, and theres good reason why. The show boasts more than 700 exhibitors, as well as a number of celeb-rity speakers and designers on hand to help you with your latest renovation or home improvement project, whether its indoor, outdoor, custom home or condo renovation.

This years celebrity guests include HGTVs Bryan Baeumler and Paul Lafrance, as well as designers like Glen Peloso, Jim Caruk, Jackie Glass, Evelyn Eshun, Erica Gelman and Vicky Sanderson!

ExCiTEMENT SurrouNdS the National Home Show

Every year, the National Home Show features a dream Home that visitors can walk through and explore, right inside the direct Energy Centre. This years presentation invites you to check out the unique world of modular build-ing with a 2,000-sq.-ft., three-bedroom, three-bathroom dream Home, complete with dream Garage all built in a climate-controlled, state-of-the-art indoor facility!

Those of you looking to renovate your home or condo this year will be pleased to know that our destination renovation booth is back for another successful year. As always, we set up more than 70 display boards of before-and after photos of recent renovations and custom homes of all types and budgets so you can get inspired about your upcoming project.

destination renovation is BiLds feature presentation at the National Home Show and invites homeowners to drop by our booth and learn about the national renoMark program, as well as get free renovation advice from one of our professional renoMark contractors! Every year we have some really keen people that come down to the booth with drawings or photos and they always walk away with great information from our professional renovators. Just head over to Booth 1916 and look for the rotating BiLd and renoMark sign you cant miss it!

Well also have a contact list of the GTAs renoMark renovators available at the booth, as well as the renoGu-ide a handy booklet that outlines the five steps to a successful home renovation. The renoGuide is a great tool for anyone considering a renovation and includes a copy BiLds renovation-specific Code of Conduct so you know what to expect when hiring a professional contrac-tor. You can learn even more by visiting the official home of the national renoMark program at renomark.ca

Two incredible shows and a free renovator consultation, all included in the price of your ticket! it may just be the best deal in town!

14 New Home guide gTA | mArCH 16 - 30, 2013

i n t h e n ew s

BMO is lOwering the rate On its five-year, fixed low-rate mortgage to 2.99 per cent from 3.09 per cent, effec-tive immediately.

In 2010, BMO introduced Canadi-ans to a five-year fixed rate mortgage with a maximum amortization of 25 years and a very attractive interest rate, says Ernie Johannson, senior vice-president, per-sonal banking, Canada, BMO Financial Group. Since the launch of BMOs fixed low-rate mortgage, Canadians will have saved more than $200 million collec-tively by the time their mortgages are paid off.

GO FIxEd, GO FIvE and BECOME mortgage-free

faster: BMO

Today, we are once again making this mortgage, which is perfect for Canadians who want certainty of payment and protection against the risk of rising rates, available at 2.99 per cent. Our message to Canadians is simple: go fixed, go five, lock-in now at a terrific rate and become mortgage-free faster with a shorter 25-year amortization.

Given that the most likely trend in interest rates is upward and that longer-term interest rates are likely to move first, we believe that locking in for five years is the superior choice, adds doug Porter, chief economist, BMO Capital Markets. Longer-term rates, such as five-year mortgages, can start moving higher well in advance of any action by the Bank of Canada. Current five-year interest rates remain exceptionally low. a five-year term gives bor-rowers ample protection against the possibility of rates returning to more typical levels in the next few years.

Johannson adds, BMOs efforts to encourage Cana-dians to pay down debt and build equity in their homes have been aligned with Minister Flahertys timely and prudent actions to encourage moderation in the housing market.

Canadians have 90 days to get pre-approved while they search for the right house that fits within their budget, she says.


404

407

47

BLOOMING

TON RD. E.

BLOOMING

TON RD. E.

BROCK RD. BROCK RD.

LAKERIDGE RD.

LAKERIDGE RD.

NEWMARKETNEWMARKET

MARKHAMMARKHAM

STOUFFVILLESTOUFFVILLE

REACH ST.

REACH ST.

401

MAIN ST.

MAIN ST.

7

7

UXBRIDGEUXBRIDGE FOXBRIDGE GOLF NORTH COURSE

FOXBRIDGE GOLF SOUTH COURSE

LAKE ONTARIO

PICKERINGPICKERING

17

Negotiate with several finan-cial institutions for the best interest rate, terms and con-ditions. You may be surprised how competitive banks are for your business. Shopping for a mortgage can be as easy as a few clicks on your mouse.

Create a formal plan to achieve your goals, using three easy steps: discipline, discipline and more discipline.

Check your credit rating, and improve and maintain it. A one-day late payment is still considered late, and it could affect your mortgage negotiating power.

Manage your monthly mortgage payments. First-time buyers should make sure monthly payments are manageable and will continue to be even if interest rates rise.

Put down as large of a down payment as possible to avoid taking out a high-ratio mortgage that incurs additional costs and interest. A five-per-cent down payment on a home leaves little equity. Consider waiting a few more months or buy with closing dates in several months.

Set aside an additional two to three per cent of the purchase price for closing costs, such as land transfer taxes, legal fees and disbursements, moving costs and other incidentals. With only $3,000, you may be left short on closing. Speak to a real estate lawyer to get an idea of what to expect.

If buying a new condo, check if Harmonized Sales Tax (HST) is in-cluded in price. What is included and who gets the HST rebate? Re-member, all new homes must charge 13 per cent HST. There is no HST on resale homes.

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

Valuable tax tips for

first-time buyers

t a x i n g i s s u e s

Q.We have been saving for a down payment on a home. We have about five per cent and $3,000 for closing costs. Is this a good time to buy? Mo and Neeta, Toronto

A.A home used as your primary resi-dence is a great investment. The sale of a familys principal resident is tax exempt, meaning youll pay no tax on the next 40 years of appreciative value on your home. No tax! That alone says it all. And paying your mortgage is a way of forced savings. Owning your home, if nothing else, builds equity.

We all have to live somewhere. It makes far more economic sense to make monthly payments that fatten your pockets, rather than a landlords.

First-time buyers should consider the Following: Determine what you can afford and stick

to that price.

by Henry CHoo CHong

henry choo chong, cgA provides accounting and tax

services to individuals and businesses in the GTA. He can

be reached at 416.485.5220. Any questions to Taxing Issues

should be e-mailed to [email protected]

18 new home guide gtA | mArCH 16 - 30, 2013

someone like

YOU...

Bradford

aLSo CoMING SooN To NEWMarKET

The forest by National - 36- 40 detached homes up to 3,400 sq. ft. with 2-car garages and backing onto a forest.**

BraMpToN

ToroNTo

MarKhaM

Claireville by National - Affordable Townhomes up to 2,200 sq. ft. at Gore Rd. and Hwy 7 near Claireville Conservation.ToWNhoMES froM ThE MId $300S*

The Churchill Collection in forest hill - At Spadina & St. Clair with views of Winston Churchill Park and the city skyline.

ToWNhoME rESIdENCES froM $1,485,990*Visit ChurchillCollection.ca or call 416-922-1414

Wismer Woods One final luxe design over 2,000 sq. ft.dETaChEd hoME for $654,990*

Coming Soon!

now open!

Someone who appreciates grace and elegance; style and function. Someone who believes that rooms should welcome and finishes should be fabulous. Thats why you will always be the blueprint for every home we build.

416.746.1234 nationalhomes.com* Prices and specifications subject to change without notice. E.&O.E. ** Limited lots available.

register Today or for more information


OOAK_S13_CondoGuide_v1.indd 1 3/1/13 12:11 PM


Sales office located at the S/E corner of Cornell Centre Boulevard and 16th Ave. Open Monday to Thursday from 1 to 8 p.m.; Friday by appointment only; Weekends and Holidays from 11 a.m. to 6 p.m.

Renderings are artists concept.* Specifi cations are subject to change without notice. E. & O. E. See Sales Representative for details.

Corn

ell C

entr

e Bl

vd.

cornellrouge.com 905-472-9556

Freehold Townhomes featuring 2 master bedrooms - each with a Semi-Ensuite

Freehold Townhomes featuring Semis and Singles on 30, 36 & 40 lotswith attached garages

Semis and Singles on 30, 36 & 40 lots

NEWRELEASE

Tour our

Professionally decorated models

Professionally 888888888888888888888888

Markham

M A R K H A M

$400'sfromthe mid From 1,737 Sq.ft. $500'sfromthe low From 2,004 Sq.ft.

DONT MISS OUT! Discover why over families have made Cornell Rouge their new-home community of choice.

900

MADI-COR-A-AD-NHC-MAR7-2.indd 1 13-03-07 2:17 PM

21

Stouffvilles Master Planned Ravine Community

BALLANTRAE STOUFFVILLE PORT HOPE WOODSTOCKSizes, prices and specifications are correct at press time and subject to change without notice. All illustrations are artists concept. The ENERGY STAR mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. E.&O.E.

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

Stouffville Rd M

ain St

Hw

y#

48

404

SALESCENTRE& MODELS

Bakerhill B

lvd

Ninth Line

Millard St

$574,900

905-640-9999geraniumhomes.comMon Thurs 1:00pm - 7:00pm; Sat,

Sun & Holidays 11:00am 5:00pm

Luxury Singles on 38 & 42 Lots Up to 3,377 sq. ft. from

Model 4210 3,042 sq. ft.4 bedrooms with media loft

A second floor media loft is the

perfect place for movie night or

catching the big game!

Come home to the quality and value of Geranium Homes BILDs 2012 Home Builder of the Year.

Our fabulous Bryon Patton inspired models showcase all the features and finishes youre looking for.NEW

GREAT DESIGNS GREATmakeHOMES!

Model 4210 3,042 sq. ft.

CP 42107/9/11

GROUND FLOOR ELEV. 'A'FLOOR AREA:DEDUCT O.T.B.:TOTAL:

1392 S.F.0 S.F.

1392 S.F.

SECOND FLOOR ELEV. 'A'FLOOR AREA:DEDUCT O.T.B.:TOTAL:

1658 S.F.11 S.F.

1647 S.F.

COFFERED CEILING

DW

F

S

OPE

N T

OBE

LOW

OPE

N T

OAB

OVE

RAI

LIN

G

NIC

HE

D

W

BEDROOM 212'0" X 11'0"

BEDROOM 312'6" X 13'4"(12'0")

BEDROOM 413'6" X 10'0" (11'1")

OVAL TUBSEAT

GLASSSHOWER N

ICH

E

LINEN

MEDIA LOFT10'4" X 10'6"

T

RAILING

SHOWER

UNEXCAVATED(REMOVE TOP SOIL ONLY)

F

H

UNEXCAVATEDFOR OPT. COVERED PORCH

D

T

W

GROUND FLOOR ELEV. 'B'FLOOR AREA:DEDUCT O.T.B.:TOTAL:

0 S.F.

W.I.C.

W.I.C.

UNFINISHEDBASEMENT

FLOOR AREA:DEDUCT O.T.B.:TOTAL:

1392 S.F.0 S.F.

1392 S.F.

BASEMENT FLOOR FLOOR AREA: 0 S.F.

ELEV. 'A' & 'B'

(STEPS IF REQ'D)

FLAT ROOFRAILING

DN

UP

DN

STORAGE AREAALT.

OPT. BUILT-INS

OPT. UPPERS

FOR ALT. STORAGE

FLOOR AREA: 0 S.F.

ELEV. 'A' & 'B'

BASEMENT FLOOR

AREA

LOWHEADROOM

UNEXCAVATED

LOCATION & ORIENTATIONOF F & HWT MAY VARY

3 PC.ROUGH-INBATH

UP

LOWHEADROOM

(IF REQ'D)HEADROOM

LOW

ISLA

ND

20'0" X 8'0"OPT. COVERED PORCH

D.V.

GAS

F/P

GREAT ROOM13'0" X 17'4"

FRENCHDOOR

KITCHEN8'6" X 13'6"

BREAKFAST10'0" X 13'6"

EXT.

BRK.

BAR

FRENCHDOOR

GARAGE18'0" X 20'0"

DOOR WHEREGRADE PERMITS(MAX. 3 RISERS)

LIVING/DINING ROOM12'6" X 18'0"

SUNKENMUD ROOM

OPT. WAFFLE CEILING

OFFICE/DEN10'0" X 9'0"

PORCHCOVERED

FOYER(SUNKEN IF REQD)


OPE

N T

OAB

OVE

DNSTORAGE

AREA6'0" X 6'7"

MASTER BEDROOM18'0" X 13'0"

LAU

ND

RY

MASTERENSUITE

OPT. DOUBLE SINKS

LAU

ND

RY

GARAGE18'0" X 20'0"

PORCHCOVERED


BEDROOM 413'6" X 11'4" (10'0") BEDROOM 3

12'6" X 12'0"9'6" RAISED CEILING

ENS. 4

ENSUITE2/3

HAL

F W

ALL

HAL

F W

ALL

UNEXCAVATED

UNEXCAVATED

9' TRAY CEILING

OPT

. 2-S

IDED

GAS

FIR

EPLA

CE

HAL

F W

ALL

HALF WALL

UNFINISHEDBASEMENT

W.I.C.ENS. 4

OPT

. UPP

ERS

OPT

. UPP

ERS

OPT. COLD CELLAR

Model 4210 3,042 sq. ft.4 bedrooms with media loftModel 4210 3,042 sq. ft.

CP 42107/9/11


1392 S.F.0 S.F.

1392 S.F.


1658 S.F.11 S.F.

1647 S.F.

COFFERED CEILING

DW

F

S

OPE

N T

OBE

LOW

OPE

N T

OAB

OVE

RAI

LIN

G

NIC

HE

D

W

BEDROOM 212'0" X 11'0"

BEDROOM 312'6" X 13'4"(12'0")

BEDROOM 413'6" X 10'0" (11'1")

OVAL TUBSEAT

GLASSSHOWER N

ICH

E

LINEN


T

RAILING

SHOWER


F

H


D

T

W


0 S.F.

W.I.C.

W.I.C.

UNFINISHEDBASEMENT


1392 S.F.0 S.F.

1392 S.F.


ELEV. 'A' & 'B'

(STEPS IF REQ'D)

FLAT ROOFRAILING

DN

UP

DN

STORAGE AREAALT.

OPT. BUILT-INS

OPT. UPPERS

FOR ALT. STORAGE

FLOOR AREA: 0 S.F.

ELEV. 'A' & 'B'

BASEMENT FLOOR

AREA

LOWHEADROOM

UNEXCAVATED


3 PC.ROUGH-INBATH

UP

LOWHEADROOM

(IF REQ'D)HEADROOM

LOW

ISLA

ND


D.V.

GAS

F/P


FRENCHDOOR

KITCHEN8'6" X 13'6"


EXT.

BRK.

BAR

FRENCHDOOR

GARAGE18'0" X 20'0"



SUNKENMUD ROOM

OPT. WAFFLE CEILING


PORCHCOVERED



OPE

N T

OAB

OVE

DNSTORAGE

AREA6'0" X 6'7"


LAU

ND

RY

MASTERENSUITE

OPT. DOUBLE SINKS

LAU

ND

RY

GARAGE18'0" X 20'0"

PORCHCOVERED




ENS. 4

ENSUITE2/3

HAL

F W

ALL

HAL

F W

ALL

UNEXCAVATED

UNEXCAVATED

9' TRAY CEILING

OPT

. 2-S

IDED

GAS

FIR

EPLA

CE

HAL

F W

ALL

HALF WALL

UNFINISHEDBASEMENT

W.I.C.ENS. 4

OPT

. UPP

ERS

OPT

. UPP

ERS

OPT. COLD CELLAR

AB-1225 NHG CP DPS 03.02.13.indd 1-2 13-02-21 2:34 PM

22

Stouffvilles Master Planned Ravine Community

BALLANTRAE STOUFFVILLE PORT HOPE WOODSTOCKSizes, prices and specifications are correct at press time and subject to change without notice. All illustrations are artists concept. The ENERGY STAR mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. E.&O.E.

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

Stouffville Rd M

ain St

Hw

y#

48

404

SALESCENTRE& MODELS

Bakerhill B

lvd

Ninth Line

Millard St

$574,900

905-640-9999geraniumhomes.comMon Thurs 1:00pm - 7:00pm; Sat,

Sun & Holidays 11:00am 5:00pm

Luxury Singles on 38 & 42 Lots Up to 3,377 sq. ft. from

Model 4210 3,042 sq. ft.4 bedrooms with media loft

A second floor media loft is the

perfect place for movie night or

catching the big game!

Come home to the quality and value of Geranium Homes BILDs 2012 Home Builder of the Year.

Our fabulous Bryon Patton inspired models showcase all the features and finishes youre looking for.NEW

GREAT DESIGNS GREATmakeHOMES!

Model 4210 3,042 sq. ft.

CP 42107/9/11


1392 S.F.0 S.F.

1392 S.F.


1658 S.F.11 S.F.

1647 S.F.

COFFERED CEILING

DW

F

S

OPE

N T

OBE

LOW

OPE

N T

OAB

OVE

RAI

LIN

G

NIC

HE

D

W

BEDROOM 212'0" X 11'0"

BEDROOM 312'6" X 13'4"(12'0")

BEDROOM 413'6" X 10'0" (11'1")

OVAL TUBSEAT

GLASSSHOWER N

ICH

E

LINEN


T

RAILING

SHOWER


F

H


D

T

W


0 S.F.

W.I.C.

W.I.C.

UNFINISHEDBASEMENT


1392 S.F.0 S.F.

1392 S.F.


ELEV. 'A' & 'B'

(STEPS IF REQ'D)

FLAT ROOFRAILING

DN

UP

DN

STORAGE AREAALT.

OPT. BUILT-INS

OPT. UPPERS

FOR ALT. STORAGE

FLOOR AREA: 0 S.F.

ELEV. 'A' & 'B'

BASEMENT FLOOR

AREA

LOWHEADROOM

UNEXCAVATED


3 PC.ROUGH-INBATH

UP

LOWHEADROOM

(IF REQ'D)HEADROOM

LOW

ISLA

ND


D.V.

GAS

F/P


FRENCHDOOR

KITCHEN8'6" X 13'6"


EXT.

BRK.

BAR

FRENCHDOOR

GARAGE18'0" X 20'0"



SUNKENMUD ROOM

OPT. WAFFLE CEILING


PORCHCOVERED



OPE

N T

OAB

OVE

DNSTORAGE

AREA6'0" X 6'7"


LAU

ND

RY

MASTERENSUITE

OPT. DOUBLE SINKS

LAU

ND

RY

GARAGE18'0" X 20'0"

PORCHCOVERED




ENS. 4

ENSUITE2/3

HAL

F W

ALL

HAL

F W

ALL

UNEXCAVATED

UNEXCAVATED

9' TRAY CEILING

OPT

. 2-S

IDED

GAS

FIR

EPLA

CE

HAL

F W

ALL

HALF WALL

UNFINISHEDBASEMENT

W.I.C.ENS. 4

OPT

. UPP

ERS

OPT

. UPP

ERS

OPT. COLD CELLAR

Model 4210 3,042 sq. ft.4 bedrooms with media loftModel 4210 3,042 sq. ft.

CP 42107/9/11


1392 S.F.0 S.F.

1392 S.F.


1658 S.F.11 S.F.

1647 S.F.

COFFERED CEILING

DW

F

S

OPE

N T

OBE

LOW

OPE

N T

OAB

OVE

RAI

LIN

G

NIC

HE

D

W

BEDROOM 212'0" X 11'0"

BEDROOM 312'6" X 13'4"(12'0")

BEDROOM 413'6" X 10'0" (11'1")

OVAL TUBSEAT

GLASSSHOWER N

ICH

E

LINEN


T

RAILING

SHOWER


F

H


D

T

W


0 S.F.

W.I.C.

W.I.C.

UNFINISHEDBASEMENT


1392 S.F.0 S.F.

1392 S.F.


ELEV. 'A' & 'B'

(STEPS IF REQ'D)

FLAT ROOFRAILING

DN

UP

DN

STORAGE AREAALT.

OPT. BUILT-INS

OPT. UPPERS

FOR ALT. STORAGE

FLOOR AREA: 0 S.F.

ELEV. 'A' & 'B'

BASEMENT FLOOR

AREA

LOWHEADROOM

UNEXCAVATED


3 PC.ROUGH-INBATH

UP

LOWHEADROOM

(IF REQ'D)HEADROOM

LOW

ISLA

ND


D.V.

GAS

F/P


FRENCHDOOR

KITCHEN8'6" X 13'6"


EXT.

BRK.

BAR

FRENCHDOOR

GARAGE18'0" X 20'0"



SUNKENMUD ROOM

OPT. WAFFLE CEILING


PORCHCOVERED



OPE

N T

OAB

OVE

DNSTORAGE

AREA6'0" X 6'7"


LAU

ND

RY

MASTERENSUITE

OPT. DOUBLE SINKS

LAU

ND

RY

GARAGE18'0" X 20'0"

PORCHCOVERED




ENS. 4

ENSUITE2/3

HAL

F W

ALL

HAL

F W

ALL

UNEXCAVATED

UNEXCAVATED

9' TRAY CEILING

OPT

. 2-S

IDED

GAS

FIR

EPLA

CE

HAL

F W

ALL

HALF WALL

UNFINISHEDBASEMENT

W.I.C.ENS. 4

OPT

. UPP

ERS

OPT

. UPP

ERS

OPT. COLD CELLAR

AB-1225 NHG CP DPS 03.02.13.indd 1-2 13-02-21 2:34 PM


Spring has finally arrived in the GTA, and theres never been a better time to discover Fieldgate Homes many impressive new home communities. As the birds make their return journeys north and the flowers begin to bloom, homebuyers are coming out to discover the full spectrum of stunning family homes that Fieldgate is proud to offer. With more than 55 years of home building experience and a stead-fast commitment to quality construction and customer care, its no wonder that so many GTA homebuyers are excited about whats happening at Fieldgate Homes.

Valleylands on the Credit River and Valleylands on Chinguacousy South Brampton Located near the Mississauga border, Valleylands is a place that offers the perfect balance of nature in a new home community. The new release of semi-detached homes that start from $385,990 has received a great response. Also available are a great selection of towns, 28- and 30-ft. linked singles starting from $385,990 and 38-, 41-, 45-, 50, 60- and 70-ft. singles from $529,990.

c ommun i t y f o c u s

FIELDGATE HOMES - Multi-siteSpRInG IS In FuLL SwInG AT

FIELDGATES MAny FInE COMMunITIES

Impressions Kleinburg All across the GTA, excited homebuyers are talking about Impressions. Interest in this community has been strong since it opened recently, and Impressions is now the best-selling new-home community anywhere in the GTA. With more than 600 homes available in the first release from the three builders, theres still a great selection to choose from, so youre sure to find the perfect home for you. Featuring a great selection of freehold townhomes and semi-detached homes, singles attached by the garage, as well as 30-, 38- and 44- singles, Impressions offers master-planned community living and a highly desirable Kleinburg location.

potters Bend MarkhamTheres an Inventory Sales Event underway at Potters Bend, located on 16th Ave., just east of McCowan Rd. Choose from a great selection of 30-ft. singles attached by garage and save up to $15,000. Inventory homes start from as low as $579,990. And with spring closings now available, you can move in the spring at this prestigious Markham community. Other new homes are available from $559,990.


Brampton, Kleinburg, markham, Woodbridge, Stouffville, richmond Hill

locATioN

fieldgatehomes.com

coNTAcT

sAles ceNTre

Freehold towns, semis, linked singles, singles, luxury singles

Vaughan Valley Estates woodbridgeA new release is now open at Woodbridges Vaughan Valley Estates. This is an architecturally harmonious community, offering an incredible array of new home designs that exude refined elegance and sophistication and a multitude of shopping options nearby. With 41-ft. singles starting from $829,990 and 50-ft. singles from $974,990, all with fantastic standard fin-ishes, its easy to discover a life of rare beauty at Vaughan Valley Estates.

Blue Sky StouffvilleTheres never been a better time to own at Blue Sky, with an Inventory Sales Event on now. A great selection of towns, 40- and 50-ft. homes are cur-rently available for end of summer occupancy, starting from $439,990. At Blue Sky, homebuyers discover that its possible to have tranquil hometown ambience just 30 minutes from downtown Toronto. In addition to the current inventory of breathtaking homes, homebuyers can register at fieldgatehomes.com for a new release this spring.

The Humberlands - Richmond HillFor those looking to move-in soon in Richmond Hill, theres also an exciting March Inventory Sales Event at The Humberlands. Choose from a collection of 50-ft. single-detached homes in a one-of-a-kind master-planned com-munity setting, with walking trails and greenspace throughout, from $849,990 with a great bonus package.

Victoria Manor - MarkhamLocated in the prestigious area of Woodbine and Major Mackenzie, Victoria Manor offers luxury detached singles on 40-ft. lots starting from $895,990. This fantastic location in an established neigbourhood has great highway access and plenty of amenities nearby. Visit the sales centre on 16th Avenue, East of McCowan Road today. Jefferson Forest - Richmond Hill A new release of freehold townhomes and detached singles is coming soon to Jefferson Forest. This stunning family community is located in an estab-

lished neighborhood adjacent to the Summit Golf and Country Club and the protected Jefferson Regional Forest, with shopping and restaurants nearby. Register at fieldgate-homes.com to be among the first people to learn of the new release.

upper unionville Markham The next release of new homes will occur in the late spring and everyone is encouraged to register at fieldgatehomes.com. Fieldgate will offer a wonderful selection of town-homes, 25- and 28-ft. semis, as well as 34- and 42-ft. singles at this highly anticipated Upper Unionville community.

For more information on any of these re-markable communities, sales centre loca-tions, phone numbers and floor plans, visit fieldgatehomes.com or follow us on Face-book or Twitter.

fieldgATe homes Multi-site


Y O U R S T A R H O M E B U I L D E R5

*Limited quantities available to qualified purchasers. Prices & information correct at press time. Maps not to scale. Lots may have premiums. All illustrations reflect artist impression E.O. & E. Ask a sales rep. for details.

starlanehomes.com/starlanehomes /starlanehomes

WELCOMET O A P L A C E C A L L E D

H O M E

BRAMPTON - Country living with all the amenities you need at your doorstep

BRAMPTON - New Release of lots in a highly desirable neighbourhood

UP TO $10,000 IN FREE UPGRADES*


38 & 47 SINGLES

38, 47 & 50 SINGLES

from $519,900*

from $569,900*

MississAugA - Beautiful homes in an established neighbourhood

sTOuFFViLLE - A great location, offering the best value in the GTA

19th Ave.

Stouffville Rd.

Bloomington Rd.

Main St.

Mantle Ave.10th

Line

10th

Lin

e

Rees

or R

d.




INCLUDES 4 FREE APPLIANCES FOR THE CAPRI SERIES

INCLUDES 4 FREE APPLIANCES

from $472,900*30 36 40 SINGLES

FREEHOLD TOWNs sEMIs

from $529,900*

SALES CENtrE HOUrS: Monday - Thursday: 1 pm - 8 pm Friday: Closed Saturday, Sunday & Holidays: 11am - 6pm

Brittannia Rd. West

Thomas St.

Eglinton Ave. West

Hwy. 403

Win

ston

Chur

chill

Blvd

.

Nin

th Li

ne

Tent

h Lin

e

High

way 4

10

Dewside Dr.

Castlemore Rd.

SALES CENTRE

Hwy. 407

Hwy. 7

Countryside Dr.

Gor

eway

Dr.

Mac

Vean

Dr.

Gor

e Rd

.

Hig

hway

50

from $584,900*

NEwMARkET - The perfect small town community with big city amenities

41 sINGLEs FINAL RELEASE

Vivian Dr.Mulock Dr.

Veterans WayStonehaven Ave.

St. Johns Sideroad

Wellington St. E. Aurora Rd.

SALESCENTRE

Lesli

e S

t.

Bayv

iew

Ave.

High

way

404

Calum Ross is senior vice-president and practicing mortgage agent with The

Mortgage Centre. He has appeared on Canada AM, Investment Television, BNN

and Citytv. He holds an MBA in finance and is an Accredited Mortgage Professional. He

can be reached at 416.410.9905.

m o r t g a g e f i n e s s e

In all the mortgages that I arrange, I find it surprising how few people actually ask me how I get paid. A recent study in the U.S. indicated that less than 10 per cent of people could properly identify how different types of mortgage providers get paid during the transaction. Dont you want to know whether that person who is so eager to sign you up has a financial advantage to selling a particular product?

You definitely should care and here is why. Almost every single provider in the mortgage marketplace has a potential finan-cial gain by selling a particular mortgage product and rate. To make matters worse, that financial gain or pat-on-the-back is often gained at the expense of the consumer.

Lets take a look at your main mortgage providers to see what to watch for:

Bank BRanCh manageRThis friendly and trusted advisor has a sales quota to hit just like everyone else (you did notice that Canadian banks do fairly well financially, right?). Their salary increase,

bonus and promotion depends on results. Typically, bank managers have sales quotas for particular products as well as growth targets on the loan/investment portfolios. Their targets are often based on the size of their mort-gage portfolio as well as the average term of the portfolio. The longer the term and larger the size of the mortgage, the better the Christmas bonus.

Furthermore, these managers are increasingly being graded on the profitability of these portfolios. When you go to your old bank branch and it has moved to a new location, where do you think one of the bank manag-ers went? Which one do you think they kept with the bank? The one with the great discounted loans and mortgage rates, or the one that is making the bank the most money?

Bank moRtgage RepResentativesThese are typically contract employees of the bank who are usually paid on a straight commission basis. Most only sell one banks mortgages, while some sell several. The ones that sell other banks products are often only permitted to do so once they have met a quota of their own banks products. These individuals are usually paid based on three criteria: the size of the mortgage, the term of the mortgage and the discount given. That means that these representatives can make more money by putting you in a longer term at a higher rate.

moRtgage Consultants/moRtgage BRokeRsThese people are independent mortgage providers that theoretically work for you and not for one particular bank.

They are paid a finders fee (or commission) from the institution that the mortgage is funded with. The problem is that not all banks are paying the same amount for each of the mortgage products. The lenders pay brokers based on the size of the loan and the term selected. The longer the term selected, the bigger the commission to the broker. On top of the different payoffs for the terms, some lenders also pay more for the same product. A broker could make more money funding a five-year term through one lender over another. Typically, there is no advantage to the broker if the consumer gets a higher rate, but there are exceptions to that rule.

So now that you know how it works, who do you trust? When you go mortgage shopping, dont believe that everyone is out to get you. While the incentive systems are there, many mortgage providers will look out for your best interest. A satisfied past client that refers family, friends and colleagues is worth a lot more than one big commission payout. Do your research, ask for testimonials, or ask your friends. A mortgage is a huge financial decision. Make sure it is a decision being based on your financial situation, and not your mortgage providers bank account.

DO YOU knOW hOW

your mortgage provider gets paid?

You definitely should care and here is why.

Almost every single provider in the mortgage

marketplace has a potential financial gain

by selling a particular mortgage product

and rate

by CALUM ROSS

28 new home guide gta | MArCH 16 - 30, 2013

Its 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 youll say I am happy, I am comfortable I am home!

For directions, hours, community information, visit: rosehavenhomes.com (1-888 / 416) 410-0175Prices and specifications correct at press time. E. & O.E. Prices quoted are in $ thousands except for Kleinburg pricing.

Ancaster - Tiffany HillInventory homes available! Luxury stone, stucco & brick detached designs on 45 lots from the $460s.

4 models to tour!Garner Rd. E. & Raymond Rd., east of Hwy. 6

COMING SOON to Stoney Creek - On The Ridge located at Upper Centennial Parkway and Mud St. W, south of the QEW. Register Now at liveontheridge.ca

Nobleton - King Country EstatesElegantly appointed detached homes on

56 & 50 lots from the $780s.Hwy 27 & Park Heights Tr., north of King Rd.

Chippawa / Niagara - Lyons CreekModels under construction!

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

Lyons Creek Blvd. & Sodom Rd., east of the QEW

Thorold - Gibson HeightsNew release of detached lots! 45, 40 & 36

lots from $300s, towns, semis & attached singles from the $240s.

Richmond St. & Winterberry Blvd., south of Hwy. 58

Brampton - Mount PleasantNew 20 towns plus 25 attached singles

from the $380s. Detached homes on 30, 38, and 41 lots from the $480s.

On Mississauga Rd., north of Bovaird Rd.

Kleinburg - Kleinburg Heritage Estates The Platinum Home Collection features

Homes of Distinction from $1.3M to over $1.8MKleinburgHeritageEstates.comHwy 27, north of Nashville Rd.

29

905-303-1929Over 55 years of Excellence

905-303-4728

ONCE-IN-A-LIFETIME SALES EVENT RECEIVE UP TO $40,000 IN DECOR LUXURY UPGRADES!

VaughanValley.ca

*

THE EVENT CONTINUES for a limited time!

THE R

ESPON

SE HAS

BEEN

INCR

EDIBL

E!

ARIS-VAU-A-AD-NHC-FEB19-2.indd 1 13-02-19 4:02 PM


SALES CENTREHOURS: MON. - THURS. 1pm - 8pm.

SAT., SUN. & HOL. 11am - 6pm CLOSED FRIDAYS

MODEL HOMES TOURHOURS: MON. - THURS. 4pm - 8pm.SAT., SUN. & HOL. 11am - 6pm CLOSED FRIDAYS

North of Major MacKenzie Dr. on Weston Rd.

And think of how much you could do with $40,000 in FREE upgrades. A games room for the kids. A home offi ce. The kitchen you've always dreamed of

This is your last chance to buy at Vaughan Valley Estates and join the over 500 families who have already made this prestigious community their home.

TOUR OUR FABULOUS 6 MODEL HOMES

$769,99041', 50', 60' & 80' SINGLES starting from

VaughanValley.ca

Prices and specifications subject to change without notice. *Available on specific lots only, finishes and dcor dollar amount vary by model type.

See Sales Representative for more details. E. & O. E. 03-13.

ARIS-VAU-A-AD-NHC-FEB19-2.indd 1 13-02-19 4:01 PM

Canadian eConomiC

growth to improve in 2013: CIBC

i n t h e n ew s

While Canadas eConomy limped to a close last year, it is not a sign of worse things to come in 2013, although growth will continue to be lacklustre for some time, according to a new report from CiBC World markets inc.

any time growth slows to a crawl, one has to worry that it wouldnt take much to push the economy over the edge, says avery Shenfeld, chief econ-omist at CiBC. Based on admittedly slim evidence, there are reasons to believe that Q1 growth will be better.

He points out that while employ-ment dropped in January, hours worked are up. He also notes that auto sales look like theyve rebounded generally a signal of consumer confidence and that the resolution of energy sector dis-ruptions has resulted in an increase in oil exports to the United States through mid-February.

So it looks like, in terms of quar-terly GdP, Q4 could end up being the storm before the calm, with an improved pace ahead, says Shenfeld.

However, he warns that challenges domestically and globally will result in only tepid improvement. CiBCs fore-cast sees the economy tracking only a 1.7 per cent growth rate in 2013, a pace that will see the unemployment rate drift higher.

Shenfeld believes that the weak close to 2012 and the modest rebound ahead will keep the Bank of Canada from raising rates until third quarter of 2014, two quarters later than previously forecast. The delay in raising rates will also result in the Canadian dollar remaining below parity with the U.S. dollar until the second quarter of 2014.

instead of smoothly passing the growth baton from governments and households to business spending and exports, theres been a fumble, he says. Housing has slowed, as has consumer borrowing, and govern-ments face pressures to tighten belts. But businesses arent opening their wallets.

While many had forecast business investment to pick up the slack in the Canadian economy, weak global growth has been holding back capital spending. The report examined the issue of whether Corporate Canada was sitting on an excess pile of cash that it should be spending on new projects.

There is no real evidence from a macroeconomic perspective that corporations are indeed sitting on excess cash, say CiBC economists Benjamin Tal and Peter Buchanan. in fact, corporations are holding cash levels that are consistent with a trend we have seen for more than two decades.

They note that, in nominal terms, in real terms or as a share of assets, the near $600 billion of cash holdings by non-financial corporations in Canada is at record or near-record highs. However they point out that all the increase in cash since the beginning of the recession can be fully explained by growth in GdP.

in real-terms, and as a share of GdP and corporate assets, cash holdings by corporations are now only back to their pre-recession levels. While businesses have increased the share of assets they hold in cash, their relative cash position has been offset by a decline in other current assets - namely inventories and accounts receivables.

Tal and Buchanan found that the higher level of cash holdings has not come at the expense of capital spending, which at 20 per cent of GdP, is not only more than three points above its long-term average share, it is also near a record high.


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

416-924-0110Sales Office Hours:Mon. - Thurs. 1 -8 pm, Fri. by appointment, Weekends and Holidays 11 am - 6 pm

victoriahighlands.com MOunT albERT

Theres an alternative for those who refuse to over-pay for a new home. an irresistible alternative that youll find at Victoria Highlands in Mount albert.

Discover the best new home value north of the GTa. Where you can get a spectacular new bungalow or 2-storey homes up to $300,000 less than Markham.

33, 40, 50 and 65 lots Two and Three Car Garages luxury Features Throughout Just 10 Minutes from Stouffville

$400sHomes from the Mid

$700,000to overup to 4,200 sq.ft.

TRUE VALUE LIES JUST

SPECTaCulaR DETaCHED HOMES In an InCREDIblE MOunT albERT SETTInG

NORTH OF THE GTAYOu Can SaVE $300,000uPTO In COMPaRISOn TO MaRKHaM

BEAV-VIC-A-AD-NHC-FEB6-4.indd 1 2/8/13 9:54 AM

Visit the new real estate section on canpages.caand start looking for that special place.

Search yourfavourite neighbourhood

Find out about nearbyservices and amenities

View new construction projectsand register to get the latest info

We think fi nding a home is a lot more than simply fi nding the right property.Thats why we put you right in the middle of the search process.

IN THE MARKET FOR A

NEW HOUSE OR A CONDO?

Powered by

canpages_filler_VF.indd 1 13-02-26 4:50 PM


Strawberry Fields is making a splash in The Village of SouthFields.

NOW OPEN Register at TheVillageOfSouthFields.ca

Monarch and Coscorp are excited to introduce the next phase of the masterplanned

community in the heart of Caledon. Strawberry Fields has now ourished into The

Village of SouthFields, offering all the vibrancy and charm you would expect from an

established community, with a new, more all-embracing name, these distinctive home

designs enhance the natural beauty that Caledon offers.

Rediscover The Village of SouthFields, with spacious townhomes, semi-detached and

detached homes ranging from 1,490 sq. ft. to 3,971* sq ft. Tour the 9 designer decorated

Model Homes. Come home to a place where residents can revel in the scenic beauty and

peaceful ambiance of a tranquil community, intermixed with charming accommodations,

new public school, parkland and recreation. Many already call The Village of SouthFields

home. Heres your chance to call them neighbours.

Dimensions and specifications are approximate and subject to change without notice. Size, shape, grading and location of dwelli ng shown are for conceptual purposes only. Renderings are artists concept and images are for mood and impression only. E.&O.E. March 2013. 20748.

New Name. New Designs. Same Great Community TOWNS SEMIS SINGLES

Old School Rd.

N .dR eixiD

dR ydenneK.

ywH /.tS oiratnoruH

01 .

Mayfield Rd.

PRESENTATIONCENTRE

ywH

014 .

raeH.dR ekaL t

Presentation Centre: 12515 Kennedy Road,

Waterville Way, Caledon, ONTelephone 905.843.8989

Mon. Thurs. 1pm 8pm,Fri. 12pm 5pm,

Weekends & Holidays 11am 6pm

MONH 20748 SF CAL NH&C FPG Ad March 13.indd 1 13-03-06 11:34 AM

TD_M3068_PEEK_1-Eng.pdf 2/15/13 2:49:02 PM


H E I G H T S

commons

blossomat credit heights

l e g a l l y s p e a k i n g

In thIs Issue, we are goIng to address a small but incredibly important part of the process of buying that new home, the Pre-Closing Inspection. As most of you know, included in the adjust-ments on the purchase of a new home or condo (but not a conversion or retrofit project) is the cost of your Tarion (formerly the Ontario New Home Warranty Program) enrolment. Among the things you are covered for are defects in the completion of your new home. Most of the Agree-ments of Purchase and Sale make the deficiency list prepared as part of your final inspection the only basis for repairs, subject to the major items such as foundation cracks. What does this all mean?

When it is time to do the Pre-Closing Inspection, know that if you dont list it, you may not be able to compel the builder to fix it. Therefore, it is critical you list everything! Here is a minimum list of what I believe will help you in making sure you are covered:

01 Insist on having enough time to do the inspection and allow yourself enough time with no need to be anywhere else;

02 Write everything down yourself... dont let the builders representative take charge;

03 Dont rush! Dont let the builders representative push you, insist at moving at you own speed;

04 Write or mark down everything, no matter how small or seemingly insignificant;

05 Dont accept promises of repair during inspection if something is not right, mark it down;

06 Try every light, socket, tap, drain, toilet, door, lock, window, appliance, everything that could be defective now or go wrong later;

07 Watch for stains on carpet, scratches on wood floors, cracks in paint or drywall and areas where they forgot a second coat of paint;

Jayson Schwarz LL.M. is a Toronto real estate lawyer and senior partner

in the law firm Schwarz Law LLP. If you have a topic in mind, mail, deliver or fax letters to

the magazine or to the firm, email ([email protected]) and give us your questions,

concerns, critiques and quandaries.

by Jayson schwarz

Pre-Closing Inspection

THe IMPOrTANCe Of THe

08 Look for water stains or spots on con-crete basement floors or walls, and if you see them insist on knowing why and where they came from;

09 Dont forget the exterior roof, drains, bricks, mouldings. Is there sod, is the grading complete and is your driveway in? Write it all down!

10 Condominiums: go check out the common areas lobbies, garbage rooms, parking areas, lockers, pools, tennis courts and health clubs. remember, you own part of the common area, and if parts are incomplete, wrong or defective, put them on the list!

remember that this inspection is, in all probability, the only chance you have to deal with deficiencies, so make sure you check carefully. Some readers ask about what happens if the builder rushes them or something happened so they did not get the opportunity to finish. The answer is to immediately do a complete list and send it to the builder and to Tarion in order that the record is on file.

There is probably more and I do not suggest that this list is complete. I hope it helps in making you realize how important it is to do a thorough job on the Pre-Clos-ing Inspection.

Perhaps the most difficult part of writing these articles relates not to the actual writing, but thinking of a topic to address. Visit schwarzlaw.ca or email your questions, concerns, critiques and quandaries to [email protected]. I will try to deal with them in print or electronic form.

38 New hoMe guIde gTA | marCH 16 - 30, 2013

www.schwarzlaw.ca *Certain Terms and Conditions shall apply. Full disbursement disclosure.

YOU NEED A LAWYER

BUYING, SELLING OR REFINANCING A HOME?

For Free Offer Review

Quality legal services at the right price*

$849Call

plus HST

torontooffice

1984 Yonge St.,Toronto, Ontario M4S 1Z7

416.486.2040Toll Free: 1.888.609.8888 Fax 416.486.3325

KOnSTanTine ChaTZidiMOS

JaYSOnSChwarZ

Helping YOU make your home buying dream a reality

BrAMPton office

10 wilkinson rd. Unit 22., Brampton, Ontario L6T 5B1

905.455.5777Toll Free: 1.888.609.8888 Fax 905.452.8135


i n d u s t r y o u t l o o k

If you are currently In the market for a new home in the Greater Toronto Area, congratulations! You are shopping at a time when mortgage rates are still unbelievably low, and when homes are being built to higher construction standards than ever before. Designs have come a long way since I started in the industry in 1967, and theres something out there to accommodate the lifestyle needs of every individual and family.

Seasoned purchasers know how to zero in on the mu-nicipality, community and home that fits their specific needs. If you are new to home-shopping, you may feel a bit overwhelmed. Here are a few tips that can help.

01 Get pre-approved for a mortgage so you know what price range you can afford. Financial insti-tutions have mortgage specialists who can discuss your specific needs. Once you have this information, youre ready to go. As you shop, ask about any financial programs builders may offer to help with affordability, such as capped mortgage rates. It all helps.

02 Shop where youd like to live. Location is usually at the top of the list when it comes to selecting a new home. Consider your work commute, and also think about travel time to the various clubs and organizations you belong to, and the distance to your family and friends. Municipalities have all sorts of information available on the amenities they offer, so check as to where you will

Hugh Heron is Principal and Partner in the Heron Group of Companies and President of Heathwood Homes, as well as a former Member of the Board of Directors of Canada Mortgage and Housing

Corp., and a Past President of the Toronto Home Builders Association and the Ontario Home Builders Association.

new-home shopping

A HOw-TO FOr

shop, where the kids will go to school and where the closest medical facilities are. In addition, consider buying in an emerging area, where prices are lower than estab-lished neighbourhoods. As well as being more affordable, as the areas build up, the homes increase in value.

03 Purchase from a reputable builder. read builder stories on their websites and in their sales offices. Check with Tarion warranty Corp. (tarion.com) as to their new home warranty track record. I also advise knock-ing on doors in completed communities to find out how happy residents are with their homes.

04 Now youre ready to look at homes in your chosen area. Check out who is offering what, and when you compare, be fair. Two homes of similar size may be priced differently, because one builder offers a higher level of standard features than the other. One might have a walkout basement to a ravine. If there are model homes to tour, take advantage of it. walk through them to get a first-hand feel for the look and quality of a builders designs. This is a huge help to those who find it challenging to envision a layout from a floorplan. If there are abbrevia-tions on the floorplans you dont understand, ask a sales representative. For example, w/d stands for washer/dryer and LIN is linen closet.

05 Anyone who has purchased a home before will tell you that the best closing day is one with no surprises. To make that happen, take your Agreement of Purchase and Sale to a lawyer who knows real estate and make sure you know exactly what costs you are expected to cover and when. Ask questions. Know what will be expected of you financially on that day.

06 Visit Canada Mortgage and Housing Corp.s website (cmhc-schl.gc.ca/en/co/buho/index.cfm) and download the helpful guide called Homebuying Step by Step. In this publication, you will find a wealth of advice, a glossary of terms and worksheets for you to use during your search.

Being educated and well prepared for new home shopping will make it fun. Buying a home is one of the best invest-ments you can make in your future. Make your first choice a great one!

by HugH Heron

40 New Home guide gTA | mArCH 16 - 30, 2013

heathwood.com

Prices and specifications are subject to change without notice. E. & O. E. ENERGY STAR mark is administered by Natural Resources Canada. Traditions and Terracotta Village Phase 3 are Energy Star communities. By appointment only.

COMING SOON TO RICHMOND HILL

$417,900from $800Sfrom thehigh $429,900from 905-876-3140 905-874-4741

FINAL PHASETOWNHOMES REMAIN

By appointment onlyBy appointment only 905-876-3140 By appointment only

ONLY 6

REGISTER TODAYExciting New Community

of Urban Towns heathwood.com

MOVE IN THIS SPRING!

REMAINFREEHOLD TOWNHOMESONLY 5

REMAIN60 DETACHED HOMESONLY 2

HEAT-MUL-A-AD-NHC-MAR7-2B.indd 1 13-03-07 4:31 PM

i n t h e n ew s

The MinTo Group recenTly neTTed Two presTiGe awards from the 2012 EnerQuality Awards of Excellence program. The Ottawa and Toronto-based firm was named 2012 Leader of the Year recognizing its outstanding leadership in building high-performance, sustainable new housing. The company was also honoured as the 2012 Ontario Green Builder of the Year, a coveted award sponsored by the Ontario Home Builders Association (OHBA) that recognizes one out-standing home builder for its leadership in improving the environmental, energy efficiency, and overall technical image of the industry.

With many innovative firsts, Minto seeks ways to lower the environ-mental impact of its land development, construction and building op-erations while fostering green cultural changes with their customers and residents through social media and Green committees. Employees are also engaged through Mintos Green Champion program and its internal Green website. Minto has won this award four times in the past five years (2012, 2011, 2010 and 2008.)

Empire Communities was honoured with the Building Innovation and Excellence award, which recognizes a builder that has demonstrat-ed a high level of technical excellence in the implementation of innova-tive and high performance building practices.

Two firms were presented with EnerQualitys Energy Star for New Homes Builder of the Year awards: Eastforest Homes (large volume builder) and Doug Tarry Homes (small volume builder).

Both companies were recognized for their corporate commitment to energy efficiency by integrating labeling of their homes under the Energy Star for New Homes program and successfully leveraging the program to support their corporate image as a leading edge builder. In addition, EnerQualitys Energy Star for New Homes Champion of the Year was awarded to Gary Botelho, to recognize his initiative, strong support and promotion of the Energy Star for New Homes program. This is the second consecutive year Gary has been awarded this honour.

The award for EnerQualitys R-2000 Builder of the Year, which

ENERQuALITY ANNOuNCES

2012 Awards of Excellence winners

recognizes best-in-class energy efficient new home construction under NRCans National R-2000 program, was presented to Steve Snider Construction.

Commitment, leadership, advocacy and innovation were all recognized in award categories that included Industry Partner of the Year, which went to Owens Corning Canada; and Evaluator of the Year, pre-sented to John Harris. The Hall of Fame Award honoured Stephen Dupuis, former President and CEO of the Building Indus-try and Land Development Association (BILD) who died unexpectedly in 2011. Stephen was a consummate professional and worked tirelessly on behalf of the residential construction industry and BILD. A prolific and effective communica-tor, Stephen was dedicated to ensuring Ontarians continue to be among the best-housed people in the world and as such he was a strong supporter of EnerQuality and encouraged BILD members to embrace sustainable and energy efficient building.

All 2012 winners represent some of the remarkable leaders and innovators in our industry who are committed to ensur-ing Ontario moves forward and leads the way in energy efficient, environmentally-friendly building, says EnerQuality Pres-ident Corey McBurney.


For more inFormation visit our website: vandykcommunities.com

VANDYK has the experience and expertise to create homes of distinction for todays discerning buyers. Today, VANDYK Communities offers a wonderful selection of affordable, quality-built homes and condominium residences across the GTA and beyond.

experience the vanDYK difference, and discover why more people are choosing a vanDYK

community as the place they call home!

Your Life. Your Style. Your Home.

Prices and specifications are subject to change without notice. E. & O.E. Renderings are artists concepts.

Inspiring architecture and a lifestyle that lets you unwind in a natural, Mississauga setting.

Condominium suites up to 1215 sq.ft.

$270sstarting from theMississauga

$210sstarting from the

This Winters hottest new home value by far! Homeownership Made Easy.

Freehold towns, 36, 41and 70 detached homes.

shelburne

Feel good in Cobourg. Small town intimacy with all the conveniences of the city.

Towns, attached singles and 41detached homes.

$210sstarting from theCobourg

VAND-MULT-A-AD-NHC-FEB6-1.indd 1 13-02-06 12:35 PM

ExEcutivE vicE-PrEsidEnt of Geranium Corp., Cheryl Shindruk, joined Geranium in 2003, excited by the entre-preneurial spirit of a progressive develop-ment and home building company. I grew up in a family business which operated seven days a week. I feel this introduction to employment prepared me well to work with an owner- operated company like Geranium, Shindruk says.

With a masters degree in city planning, she combined her education with early work experience in the public sector and

then as a consultant involved in planning policy, land use and develop-ment approvals work.

Communities are organic entities that evolve and change over time. To have the chance to be part of the process to create memorable, excit-ing, attractive communities was a fascinating opportunity to me, says Shindruk, who chose her planning profession because of the opportu-nity to be involved in community building. She adds, Everything you see on the ground has been the function of an extensive process which has been many years in the making. When you think about it, what we do is pretty fundamental and forms the foundation on which lives are lived. Thats exciting!

The eldest of five, Shindruk was born and raised in the prairies. In 1994, she planned to leave Winnipeg to discover the world outside

Cheryl Shindruk10 MINUTES WITH

Manitoba. A chance meeting at a planning conference led to an invitation to travel east and she followed her heart, and her now husband, to Toronto.

Geranium, based in Markham, has both a land development and a home build-ing division, which provides the company a greater control over the design of a new neighbourhood or community plan. Shin-druk believes the process enables her team to ensure they are planning for and build-ing homes that the community wants.

The scope and nature of the land de-velopments now within Geranium Corpo-rations portfolio, means that Geranium Homes our home building division has a good supply of land to build on. In essence, we control the manufacturing process from start to finish. It also means that we have a big responsibility.

Shindruk reflects on the companys past accomplishments. Navigating a stringent and highly complex planning process, we have achieved approvals for Friday Harbour on Lake Simcoe. Also in Simcoe County, the Bond Head Secondary Plan and Hwy.

1 0m i nu t e sw i t h . . .

ExECUTIvE vICE-PrESIdENT oF GErANIUM CorP.


400 Employment Lands Secondary Plan in Bradford West Gwil-limbury, and a major secondary plan for Midhurst. our residential and commercial developments in Stouffville have been very success-ful, attracting major businesses and over 600 families to date.

Geraniums philosophy promotes the importance of contributing to the social fabric and well-being of the broader community as a component of its land planning. Wherever we work, Geranium contributes to initiatives and causes that are important to that par-ticular community, says Shindruk. These include the United Way of York region and of Greater Simcoe County; food banks; shelters; hospitals; and arts and cultural organizations.

The company is proud of the community building it does. Weve won awards for that work and take comfort in knowing that our efforts also generate economic activity that provides jobs and prosperity for communities, Shindruk says. But helping community organizations gives us the opportunity to contribute towards the enrichment the social fabric of the community, the glue that holds us all together.

Geranium not only contributes to the communities where it owns property, it also believes in having a voice at the industry level. Shin-druk has served for five years as Chair of the Building Industry and Land development (BILd) Associations Simcoe Chapter and is now also a member of the BILd Board and Executive. My involvement with BILd enables me to be engaged in debate and discussion about issues affecting the broader land development industry. Through BILd, I have the opportunity to help give the industry a voice and participate in advancing public policy.

on the horizon, Shindruk is looking forward to seeing the Simcoe developments take shape as construction gets underway. In Stouffville, Geraniums first mixed use, midrise Main Street development will be launching for sales in late 2013 or early 2014.

For Shindruk, the ultimate satisfaction in her career at Geranium comes from seeing the communities that exist for so long on paper be built and occupied.

Id say we are relatively small in number of employees, second to none in expertise and scope of our developments. In terms of corpo-rate culture extremely professional; built on a foundation of family values integrity, honesty, hard work with a focus on quality people and products. With a hint of zany to keep it fun.

snapsho

Documents

GTA New Home Guide - March 16, 2013