GTA New Home Guide - May 31, 2014

Note:Cover CheCklistx-Date changedx-colour changedx-coverline placed

x-logo(s) placedx-callouts placedx-rich blacks applied

You have never experienced anything like Platinum

Rosehavens Platinum Model HomesOpen June 7, 2014

See pages 32-33

May 31 - Jun 14, 2014 Volume 22 Issue 11

inside this issue

BUILDING NEW HOMESBETTER THAN EVER

PLANNING FOR ASTRESS-FREE MOVE

HOME BUILDERS APPLAUDINFRASTRUCTURE INVESTMENT

001 NHGTA-Cover-05-31-2014-TL-FIN.indd 1 26/05/14 15:54:15

ASPIRE TO A NEW ERA OF DESIGN IN NEWMARKET.

aspenridgehomes.com

fold

6.875" x 10.5" OGFfoldASP 23516 Woodlnd Hills New Homes 4 Pager May 2014.indd 1 14-05-23 5:02 PM

Aspen Ridge Homes. Prices and specifications are subject to change. See sales representative for details. All Rights Reserved. E.&O.E. May 2014. 23516.

Now oPEN8 Communities and 9 models from 3 of Torontos leading interior designers. BramPtoN Credit Manor HeightsPresentation Centre & Model Home 905.216.5155

BramPtoNMAYFIELD VILLAGEPresentation Centre 905.230.2592

markhamUpper CornellPresentation Centre & Model Home 905.554.3446 richmoNd hill Kettle Lakes ClubPresentation Centre & 2 Model Homes 289.234.1064

NEwmarkEtWOODLAND HILLSPresentation Centre 416.270.9484

NoBlEtoN King Country EstatesPresentation Centre & 2 Model Homes 905.558.0255

klEiNBurg Kleinburg HillsPresentation Centre & 2 Model Homes 905.552.0678

kiNg cityKing OaksPresentation Centre & Model Home 905.539.0181

morE iNFo ataspenridgehomes.com

comiNg SooNVaughaNUPPER WEST SIDE rEgiStEr Now at aspenridgehomes.com

7.25 x 10.5 IFC 7.5 x 10.5ASP 23516 Woodlnd Hills New Homes 4 Pager May 2014.indd 4 14-05-26 11:48 AM

contentsMay 31 - June 14, 2014 || voluMe 22 issue 11

community focus features24 Brampton

Fieldgate Homes New release of 38- and 41-ft. singles and semis at Valleylands

40 Etobicoke National Homes Youre ready for the Townes of Richview

44 Thornhill Madison Homes Pack your bags and move into these model homes this summer

on ThE covEr

p. 32rosEhavEn

homEsYouve never experienced

anything like Platinum in Kleinburg

You have never experienced anything like Platinum

See pages 32-33

May 31 - Jun 14, 2014 Volume 22 Issue 11

INSIDE THIS ISSUE

BUILDING NEW HOMESBETTER THAN EVER

PLANNING FOR ASTRESS-FREE MOVE

HOME BUILDERS APPLAUDINFRASTRUCTURE INVESTMENT

60 aurora Arista, Fieldgate, Opus, Paradise Four leading builders set to open Aurora Trails this June

68 scarborough Insoho Developments Introducing the Highland Creek Collection

94 Brampton Mattamy Homes Variety is the spice of life in Mount Pleasant North

64 money matters Money mistakes couples make by Gail Vaz-Oxlade

74 Designer advice Off the wall by Yanic Simard

92 make Your move Sort, organize and downsize now for a stress-free summer move by Chuck Resnick

HOMebuyers HelP

58 Your First home Saving tips for first-time homebuyers

70 Your First home Demystifying the mortgage landscape for first-timers by Wayne Karl

98 Your First home Buying your first home its not just about location anymore by Wayne Karl

119 resource section Mortgage Calculator and Rate Table

123 GTa hot sheet Two pages of new openings, new releases and preview registrations

IN tHe News

46 BILD New home sales in the GTA continue to climb

52 ohBa Home builders applaud infrastructure investment

6074

regular and special featuresIN every Issue

4 Editors note 10 contributors 56 hot Dates 126 ad Index

cOluMNIsts

18 BILD report New homes today are being built better than ever by Bryan Tuckey

28 Fundamentally speaking Buyers taking it on the chin with Development Charges by Wayne Karl

34 mortgage Finesse Mortgage brokers may get you the best deal by Calum Ross

38 Taxing Issues Calculating capital gains tax by Henry Choo Chong

48 home sweet home How to avoid What if and I wish I never have by Lydia McNutt

50 Industry Insider Lets get moving: Top fitness trends for 2014 by David Hirsh

54 Legally speaking The law of good faith or lack thereof by Jayson Schwarz

If youre currently in the market to buy a new home and doing your due diligence and research youre likely hearing more and more about something called Development Charges. DCs are the fees applied by various levels of government when homes are built, to pay for new roads, transit and other infrastructure.

Home building associations across the country have been speaking out and lobbying the appropriate government bodies on this increasingly challenging issue, since the charges in many cases are skyrocketing (see page 28). These costs are transferred right on to you, the new-home buyer along with your associated mortgage interest.

No one will argue against the need for new infrastructure, but the industry

Why we should care about DCsSkyrocketing Development Charges may come with an ultimate price we cant afford to pay

Research and due diligence 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

//eDitoRs note

warns that affordability is increasingly at risk with such high-rising fees. If they are allowed to rise unchecked, what will that do for the future of homeownership? And what will it do for a sector that is an important engine of economic growth?

Studies are already showing there is a growing disconnect between the ambitions of GenYers and Millennials the homebuyers of the future and their financial realities. And more and more sources including the latest RBC Economics Research Housing Trends and Affordability Report warn affordability is only going to get worse.

Add skyrocketing Development Charges to the equation, and not next year but maybe in five or 10 years we could be facing an ultimate price that none of us can afford to pay.

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

Wayne KarL eDitoR Wall2Wall Media [email protected]

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

4 New home guide gTA | may 31 - jun 14, 2014

MAY 31 - JUN 14, 2014 | NEW HOME GUIDE GTA 5

menkes.com

Your Life Storey always comes rst.

2013 Tarion Award of Excellence FinalistFor the last sixty years, Menkes has been a central chapter in the Life Storeys of so many. Menkes has always focused on building

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

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

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

menkes.comFacebook.com/MenkesLife @MenkesLife

menkes.comPrices and speci cations are subject to change. E.&O.E. May 2014.

NOW OPEN

Burnhamthorpe Rd. & West MallEtobicoke

Starting from the high $300s 416.259.2525

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Starting from the low $300s 416.730.1600

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Starting from the $480s 416.259.2525

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NEW RELEASE

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MEN 23107 Homes Magazine DPS New Campaign May 2014.indd All Pages 14-05-13 4:08 PM

6

menkes.com

Your Life Storey always comes rst.

2013 Tarion Award of Excellence FinalistFor the last sixty years, Menkes has been a central chapter in the Life Storeys of so many. Menkes has always focused on building

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

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

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

menkes.comFacebook.com/MenkesLife @MenkesLife

menkes.comPrices and speci cations are subject to change. E.&O.E. May 2014.

NOW OPEN

Burnhamthorpe Rd. & West MallEtobicoke

Starting from the high $300s 416.259.2525

UNDER CONSTRUCTION

Bathurst St. & Finch Ave.North York


NOW OPEN

Browns Line & Evans Ave.Etobicoke

Starting from the $480s 416.259.2525

90 DAY CLOSINGS

Salem Rd. North & Williamson Dr. EastAjax


NEW RELEASE

Guelph St. & MacFarlane Dr.Georgetown


NEW RELEASE

Dundas St. West & Bronte Rd.Oakville


MEN 23107 Homes Magazine DPS New Campaign May 2014.indd All Pages 14-05-13 4:08 PM

7

30' Home, The Elmvale B, 1,517 Sq.Ft., $465,990

mattamyhomes.com

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

Follow us:

A Mattamy Community Splash Park

AURORA

KITCHENER

MILTON

FORESTAU RO R A

St. Johns

Townhomes From $357,990 ~

Detached Homes From $659,990





Sales Centre: 1280 St. John's Sideroad

Sales Centre: 179 Seabrook Drive

Sales Centre: 10180 Derry Road

A Whole New Phase Of Prestigious Homes Is Now Open In St. John's Forest.

4 Beautiful Detached Model Homes Open To Tour!

The Final Release Of 30' & 36' Detached Homes Around The Park Are Now Available!

Presentation Centre Hours: Monday - Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pmWildflowers & Preserve Model Home Hours: Monday - Thursday 1pm-7:30pm; Friday 1pm-5:30pm;

Saturday, Sunday and Holidays 11am-5:30pm

Elev. B

Theres Never A Dull Moment In A Mattamy Community.

Weve always felt that a neighbourhood should always have lots of things for families to do. Thats why we have parks and playgrounds and walking/biking trails in the community.

So no matter what time of year, there is always a good time to be had right at home. Every neighbourhood is a better place when neighbours can gather, enjoy each others

company and become friends.

Come vist any one of our many Mattamy communities across southern Ontario and find out what great activities your family can enjoy right at home.

36' Home, The Vanessa G, 2,448 Sq.Ft., $674,990

Townhome, The Columbine B, 1,402 Sq.Ft., $271,990

NH&C_dps_All Sites_May 24.indd 1 2014-05-21 4:30 PM

8

30' Home, The Elmvale B, 1,517 Sq.Ft., $465,990

mattamyhomes.com

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

Follow us:

A Mattamy Community Splash Park

AURORA

KITCHENER

MILTON

FORESTAU RO R A

St. Johns







Sales Centre: 1280 St. John's Sideroad

Sales Centre: 179 Seabrook Drive

Sales Centre: 10180 Derry Road

A Whole New Phase Of Prestigious Homes Is Now Open In St. John's Forest.

4 Beautiful Detached Model Homes Open To Tour!

The Final Release Of 30' & 36' Detached Homes Around The Park Are Now Available!

Presentation Centre Hours: Monday - Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pmWildflowers & Preserve Model Home Hours: Monday - Thursday 1pm-7:30pm; Friday 1pm-5:30pm;

Saturday, Sunday and Holidays 11am-5:30pm

Elev. B

Theres Never A Dull Moment In A Mattamy Community.

Weve always felt that a neighbourhood should always have lots of things for families to do. Thats why we have parks and playgrounds and walking/biking trails in the community.

So no matter what time of year, there is always a good time to be had right at home. Every neighbourhood is a better place when neighbours can gather, enjoy each others

company and become friends.

Come vist any one of our many Mattamy communities across southern Ontario and find out what great activities your family can enjoy right at home.

36' Home, The Vanessa G, 2,448 Sq.Ft., $674,990

Townhome, The Columbine B, 1,402 Sq.Ft., $271,990

NH&C_dps_All Sites_May 24.indd 1 2014-05-21 4:30 PM

9

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

LegaLLy speaking Jayson sCHwaRz Schwarz Law -Barristers and Solicitors

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

vice-presiDent, WaLL2WaLL meDia

Jacqueline HilleDitor-in-chief / Director of content

Susan LeggeDirector of saLes, nationaL

Josh HeppnersaLes manager neW home guiDe gta, neW conDo guiDe, home Dcor & renovations

Conni Robinsonassociate puBLisher, neW home & conDo guiDe sWo, LifestyLe communities

Susan Maxwell art Director

Tammy Leung

eDitor

Wayne KarlcontriButing eDitors

Sara Duck, Elisa Krovblit Lydia McNutt

senior account executive

Nina Downs [email protected] senior account executive Dionne Fraser [email protected] & marketing co-orDinator

Terry BassettDistriBution & saLes co-orDinator

Jennifer BistronaDministrative assistant

Antoinette Jackson

proDuction manager

Bala GnanapandithanproDuction co-orDinator

Sandra Hanak-Vujnovicgraphic Designers Mike Terentiev, Caroline Wassef, Hannah Yarkony

nationaL account manager, meDiative

Paul Slizys

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867newhomeguide.ca ADVERTiSiNG Call 416.626.4200 for advertising rates and information. CiRCuLATioN Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices.CoPYRiGHT 2014 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.

Designer aDvice

yaniC simaRd Yanic is design editor of New Home Guide sister publication New Condo Guide and principal designer of Toronto Interior Design Group. Yanic often applies his signature high/low and old/new combination techniques in developing his unique designs. He has created designs for clients in Toronto, Montreal and Miami, and appears as a regular guest expert on Citytvs CityLine. Visit tidg.ca for more information.

money matters gail Vaz-oxladeGail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade

Published By

make your move CHuCk ResniCkis Vice-President of Marketing and Operations, Two Men and a Truck Canada. twomenandatruck.ca


Sales office located at the S/E corner of Cornell Centre Blvd. 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.

cornellrouge.com

Freehold Townhomes featuring 2 master bedrooms -

each with a Semi-Ensuite

Singles on 30, 36 & 40 lots

Markham

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$500'sfromthe low From 1,737 Sq.ft. $600'sfromthe From 2,057 Sq.ft.

Tour our professionally decorated models8

Cornell Community Centre & Library with Over

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Release of New Home Designs! Visit us Today!

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11

12 NEW HOME GUIDE GTA | MAY 31 - JUN 14, 2014

www.lakeviewhomesinc.com*Ask sales rep for details. Prices correct at press time E&OE.

All with double car garages set in an infill location at Baldwin north of Taunton. Preview priced from the upper $400s

Brokers protected

40 Full Depth Singlesin a Master Planned Communityfrom $279,990 up to $367,990 for 3240 sq.ft.

90 day closings available30 minutes north of Brampton

Now Open!38ft full depth singles in the heart of wine country in Niagara-on-the-lake from the $300s

519-306-0665551 Wainsborough Way, Shelburne ON(West side of HWY 124)approximately 1.5 km north HWY 89

Sales Office Hours: Mon-Wed 1pm-7pmWeekends/Holidays 11am-6pm

905-688-3010 494 York Road, York Road and GlendaleNiagara-on-the-Lake

Sales Office Hours: Mon-Thurs 12pm-6pmSat, Sun & Holidays- 11am-5pmFriday By Appointment Only

Homes sold by appointment only. Register at 416-746-1234 or visit www.newhomepriority.ca

County R

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by bryan tuckey

Forget nostalgia: new homes built better than ever

//bild report

They dont build them like they used to they build them better than ever.

Todays builders, architects, renovators and other industry professionals have a greater understanding of how a lowrise house behaves as a complete system than those from past decades. They are using that knowledge to build homes that use energy more efficiently, are safer than ever and can save homeowners money on their annual bills.

With more than 100,000 people coming to the GTA every year, the question for GTA newcomers often turns to whether to buy a new or resale home. One of the arguments for buying new is the quality of new construction is constantly improving.

Innovative features and building practices that reduce energy consumption and environmental impact in todays new homes include pre-fabricated and modular structural elements, insulated concrete forms and energy recovery systems that use waste energy to heat fresh air and hot water.

With all of these new improvements, what could possibly make people think that the homes built decades ago are better than todays homes? Nostalgia, says building scientist Michael Lio of Lio & Associates.

Its true, he adds. We dont build them they way we used to. We build them even better. There is a vast improve-ment in quality. You cant use sloppy methods. It forces you to build better quality homes. We build the very best houses in the world right here in Ontario.

Lio said that if anyone spends some time in a downtown Toronto home that hasnt been renovated in years, theres a good chance theyll find mould growing because of thermal bridging, single-pane windows (not up to current code), inefficient furnaces and poor insulation levels.

There is 75 per cent less energy used in a home built today than a house built in the 60s, Lio says.

Gord Cooke, another building scientist and president of Building Knowledge Canada, says needs and expectations of homeowners have changed with those improvements in quality.

We used to wake up to cold rooms and floors in the morning and didnt think much of it. Now people want to wake up warm and cosy with the same temperature through-out the house, Cooke says.

And they can have it. There have been quantum leaps in the Ontario Building Code (OBC) since 2006 pushed by energy-efficiency programs such as Energy Star for New Homes and groups such as EnerQuality, which designs and implements green building programs.

The OBC is updated every five to six years with improvements made to fire safety, energy efficiency and durability.

Cooke says he compared the OBC from 1982 with the 2006 OBC. The newer version contained at least 30 per cent more references and requirements from a safety perspective, including carbon monoxide detectors, safety railings and staircases and windows as a method of escape during a fire.

With improvements that reduce heat loss through windows, doors, walls, attics and basements, plus better furnaces and air conditioning, savings are close behind.

For a two-storey, 2,200-sq.-ft. house built eight years ago, the most recent code change would present a $500 annual savings on energy use. For the same size house built 40 years ago, it would be about $2,000.

Todays top builders understand how houses work as a system. Theres no question that new homes top resale in energy efficiency.

bryan tuckey is President and CEO

of the Building Industry and Land Development Association (BILD) and is a land-use planner who has worked for municipal,

regional and provincial governments. He can be

found on Twitter (twitter.com/bildgta), Facebook

(facebook.com/bildgta) and BILDs official online blog

(bildblogs.ca).

The OBC is updated every five to six years with improvements made to fire safety, energy

efficiency and durability. 18 New home guide gTA | may 31 - jun 14, 2014

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For directions, hours and community information call our hotline (1-888/416) 410-0175 or visitPrices and specifications correct at press time. Renderings are artist concept. E. & O.E. Prices quoted are in $ thousands except for Kleinburg & Randall pricing.

Current Communities

All photos are actual Rosehaven homes.

BRAMPTON45, 41, 38 & 30 Singles from $514,990

25 Attached Singles & 20 Towns from $399,990.

NEW LOTS RELEASED!

RosehavenHomes.com

CHIPPAWA/NIAGARA50 Singles & Freehold 35 WIDE

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CALEDON Stunning 36 Singles from the low $600s. Townhomes starting from the mid $400s.

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W hen driving along Chinguacousy Road in southwest Brampton, one gets the feeling that theyre in the midst of a very special community. Its a place where the valleys of the Credit River offer a breathtaking outdoor playground of lush green parkland. It is within this remarkable setting that esteemed builder Fieldgate Homes has announced an exciting Grand Opening for the new location of its popular family community, Valleylands on Chinguacousy.

The southwest corner of Queen St. West and Chinguacousy Rd. is the site for this latest release at Valleylands. This new release features new designs in semi-detached that range from 1,721 to 2,034 sq. ft., and 38-ft. singles that range from 2,010 to 2,662 sq. ft. These latest offerings are in addition to the exceptional collection of 41-, 45-, 50- and 70-ft. singles still available at the original Valleylands location nearby. The 45-ft. luxury singles range from 2,640 to 2,987 sq. ft. With towns starting from $426,990, semi-detached from $436,990 and singles starting from $556,990, and with 70-ft. designs up to 4,200 sq. ft., theres a home for everyone at Valleylands.

One of the many popular designs currently available at Valleylands is the breathtaking 2,987-sq.-ft. Dufferin Elevation A. This classic-yet-contemporary two-storey, four-bedroom, 45-ft. detached home offers a spectacular front elevation of brick and stone that features a covered porch, double-car garage, large bright windows and charming dormers. One enters the home to discover a spacious front foyer, followed immediately by a cosy

Valleylands

//community focus

Location South Brampton

Housing type Semi-detached from $436,990, freehold townhomes from $426,990 and singles on 38-, 41-, 45-, 50- and 70-ft. lots from $556,990; bonus packages available for each housing type, 180-day closings available.

contact 905.457.0445 fieldgatehomes.com

New release of 38- and 41-ft. singles, and semis in south Brampton

The 45-ft. Dufferins breathtaking front Elevation A of brick detailing with large porch and great interior entertainment space contribute to the luxurious atmosphere of this exceptional family home, available from $690,990.

...continued on pg 26

fieldgate homes | Valleylands


Presentation Centre: 90 Niagara Street Hours: Mon. - Thurs.: 12pm - 7pmSat., Sun. & Hol.: 11am - 6pm. Fridays by appointment.Prices and specifi cations are subject to change without notice. E. & O. E. Rendering is artists concept only.

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library. Further down the hall is the large open-concept living/dining room with coffered ceiling. Across from the living/dining room, the homes staircase offers easy access to a sunken main floor powder room and laundry room. Further down the main hallway, one enters into a sizable family room complete with a gas fireplace. Across from the family room, the kitchen and breakfast area offers a kitchen island and ample counter space, creating the perfect space for the family to gather for a home cooked meal. Upstairs, the elegant master suite features two walk-in closets, tray ceilings, an intimate master retreat and a lavish ensuite complete with oval soaker tub, his and hers sinks and separate glass shower. Bedroom two enjoys its own private ensuite and bedrooms three and four share a stylishly appointed ensuite. The Dufferin is priced from $690,990.

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

In addition to excellent proximity to schools, Valleylands is also in a great location to take advantage of a whole host of other lifestyle amenities. The Heartland Town Centre is only five minutes away, offering major retailers such as Best Buy, Home Depot and Costco. Nearby Erin Mills Town Centre, Trinity Common Mall and Bramalea City Centre also offer wonderful selections of shops and restaurants. For those in search of live entertainment, theres the Rose Theatre, offering a year-round calendar of musical and theatrical performances. Golfing enthusiasts will be impressed with the great selection of golf courses within a short driving distance, and the commute to Toronto is a breeze with Hwys. 401 and 407 just minutes away. With more than 55 years of experience, Fieldgate Homes is one of the GTAs finest home builders, known for their exceptional floorplan designs. For more information on Valleylands, please call 905.457.0445 or visit fieldgatehomes.com

For most families, school is a top priority, so its nice to know that Valleylands is ideally situated to take advantage of many of Bramptons wonderful educational facilities.

fieldgate homes | Valleylands//community focus...continued


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If youre looking to buy a new home in Mississauga, you might want to hurry: prices there are about to take a bit of a jump, and you wont get any more bang for your buck.

The City of Mississauga is proposing whopping increases to Development Charges the fees applied by various levels of government when new homes are built, to pay for new infrastructure such as roads, transit and other necessities. Builders pay the charges, but typically pass on the cost to buyers.

What does that mean for you, as a prospective new-home buyer? If youre planning to buy a new lowrise home in Mississauga, youre looking at a 54-per-cent increase in Development Charges to an average of about $26,000, up from $16,000. Thinking of buying a condo? Youll be on the hook for more than $17,000, rather than $13,000.

The City is poised to vote on the proposal in June, and the new charges could be implemented as early as July, so the clock is ticking.

Development Charges are a tax, Bryan Tuckey, president of the Building Industry and Land Develop-ment Association (BILD) told New Home Guide. The rates have increased exponentially, and it has shifted the burden of paying for critical infrastructure onto the newest residents and businesses moving into a neigh-bourhood. It is not fair that new homeowners in the GTA are the only ones paying for new and upgraded infrastructure when all residents new and old will be using it.

BILD and other industry voices have long been speaking out against rising Development Charges,

since its a contentious issue facing home builders and therefore buyers across the country.

UnIversal concernIn Toronto, City Council late last year voted to increase Development Charges by 75 per cent, to almost $30,000 for a semi or single-detached home. These new fees began to be phased in on Feb. 1, 2014 and are to be fully implemented by Feb. 1, 2016.

Development Charges are even steeper further out in the GTA. According to a recent report from Altus Group, an economic consulting firm, municipal fees

//fundamentally speaking

Wayne Karl is an award-winning

writer and editor with experience in real

estate and business. In Fundamentally

Speaking, Wayne explores the basics such as

economic fundamentals you need to examine

when buying property. He can be reached at

[email protected] or follow him on Twitter

at Twitter.com/WayneKarl

by Wayne Karl

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

In Ottawa, Development Charges and other government-imposed fees today account for about 23 per cent of the cost of a new home or about $100,000 of a single-family home. Twenty-five years ago, the costs accounted for just three per cent.

In Vancouver, the various government taxes, fees and levies range from 16 to 27 per cent of the cost of a new home, depend-ing on the city and the type of housing.

Though the problem may differ slightly from one city and province to the next, with critics arguing the fee increases are largely arbitrary, the concern is universal: new-home buyers are picking up a disproportionate part of the tab for infrastructure development.

What noW? BILD and other home building associations continue to appeal to their provincial governments and other bodies involved in such disputes.

As costs associated with building new communities increase, it is becoming increasingly difficult for buyers to find a new home they can afford to purchase, says Tuckey. While we understand that growth must pay for growth, the building industry has expressed the need for these fees to remain reasonable, fair and accountable to new-home purchasers across the GTA.

In the Mississauga example, at least, the pleas may have fallen on deaf ears, as Mayor Hazel McCallion essentially told the industry to stop appealing and lets get on with business.

buyers taking it on the chin with Development Charges


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

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Prices are correct at press time and are subject to change without notice. Speci c features are as per plan and series. Sq.ft. measurements are approximate. Map not to scale. See sales rep for details. The ENERGY STAR mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. E & O E.

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Line

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Rooftop Terraces with BBQ hook-ups

become the ideal summer retreat.

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bold to laid back traditional Uptownes

at Cardinal Point offers interior design

opportunities to suit every lifestyle and taste.

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Prices are correct at press time and are subject to change without notice. Speci c features are as per plan and series. Sq.ft. measurements are approximate. Map not to scale. See sales rep for details. 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

UPTOWNES CONSTRUCTION IS NOW UNDERWAY!

IN STOUFFVILLES PREMIER COMMUNITY!

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T here is not a more idyllic setting for Rosehaven Platinums exclusive collection of just 44 estate homes than the prestigious Village of Kleinburg.Here, old world charm melds with the architectural beauty to create an enclave of truly outstanding estate homes on grand 60- to 70-ft. lots. Now with two extraordinary model homes decorated and fully furnished by interior designer Kent Bunston, potential buyers can experience what true platinum luxury is all about.

The Platinum Divisions mandate is to create residences of rare stature that complement architectural beauty and elegance. At Kleinburg Heritage Estates, Rosehaven has provided potential buyers with homes that come move-in ready, where it will be clear to see that you have never experienced anything like platinum.

Step through the eight-ft.-tall oversized front entry door and feel the exquisite marble foyer beneath you as you enter The Brightland model. Here, Rosehaven has raised the bar in luxury as you enter the home with wide plank stained hardwood flooring throughout the home, including the bedrooms, with complementing stained

PLATINUM

//cover sTory

You have never experienced anything like

LocaTion Kleinburg

Housing Type Estate homes

saLes cenTre: 10742 Hwy. 27, open Monday to Thursday 1 to 8 p.m., Saturday, Sunday and holidays 11 a.m. to 6 p.m., closed Fridays

conTacT 905.552.0672 1.888/416.410.0175 rosehavenplatinum.com

32 New home guide gTA | may 31 - jun 14, 2014 may 31 - jun 14, 2014 | New home guide gTA 33

ROSEHAVEN HOMES | Kleinburg Heritage Estates

oak stairs, detailed with elegant wrought iron pickets. Make your way through the home and take in the soaring 10-ft. smooth main floor ceilings, with coffered ceilings in the living and dining rooms, along with a stunning tray ceiling in the den. Step into the kitchen and experience the smooth lines of the custom Downsview kitchen, complete with built in Wolf, Sub-Zero and Miele appliances, Kohler fixtures and faucets, your eyes will follow the granite countertop, complemented with full height, to the ceiling, upper cabinets. Continue the experience as you enter the master retreat where you will be surrounded by a luxurious ensuite, fully adorned with Kohler fixtures and faucets, along with a stunning frameless glass enclosed shower area. Youll notice the seven-in. baseboards throughout the home with colonial casing and complementing backbend, as you fully realize everything this home has to offer.

At slightly more than 4,500 sq. ft., The Brightland showcases all of the Platinum Signature features and finishes that come included with your purchase.

At Kleinburg Heritage Estates, one can experience unsurpassed elegance in The Valley model, where you will be immersed in total elegance. At more than 6,500 sq. ft., including 1,839 sq. ft. of finished lower level, this Platinum Plus model has all the features of The Brightland, but Rosehaven has taken the liberty of adding additional personalized decorator touches that you could incorporate into your home, to further enhance the luxury of living in Kleinburg. Complete with an added wine cellar and wine tasting room, home theatre, master ensuite that resembles the finest five-star hotels, it is Rosehavens Platinum Home Collection that can make your dreams of the perfect home come true.

Kleinburg Heritage Estates has been an extremely successful community. Combining old world charm with architectural panache in the historic village of Kleinburg creating an enclave of truly outstanding estate homes, Kleinburg Heritage Estates offers discerning homeowners an address of esteem and convenience just a short walk to the Village of Kleinburg. Life here celebrates a lifestyle infused with beauty and classic elegance.

The presentation centre and model homes are located at 10742 Hwy. 27, Kleinburg and open Monday to Thursday from 1 to 8 p.m., Saturday, Sunday and holidays from 11 a.m. to 6 p.m., closed on Fridays.

For more information, call 905.552.0672 or 1.888/416.410.0175 or visit rosehavenplatinum.com


by calum ross

calum ross is senior vice-president

and practicing mortgage agent with The Mortgage Centre. He has appeared

on Canada AM, Investment Television,

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

reached at 416.410.9905.

In the last couple of years, there has been a lot of coverage in the financial press about mortgage brokers. Despite all of the positive exposure in business and news publications, there still seems to be a lot of confusion from consumers about how this service works.

Mortgage brokering or mortgage consulting is not a new industry, but is one that has been experiencing explosive growth over the last five to 10 years. As it stands currently, more than 21 per cent of all mortgage business in Canada is originated through mortgage brokers. While this figure, representing billions of dollars in mortgages, seems impressive, it is next to nothing when you consider that in the U.S., more than 65 per cent of mortgages are negotiated by mortgage brokers.

In the past, mortgage brokers were used by individuals who may not have been able to get credit through other channels. They would arrange hard-to-qualify mortgages for a fee. Today this is not the case. The number of mortgage brokers who work on hard-to-place mortgages is now only a small portion of the market. In addition to searching out the lowest rate, mortgage brokers

Mortgage brokers & consultants

may get you the best deal

now focus on a consulting role, showing consumers how to become mortgage free quicker, how to decide between terms, conditions and how to crunch the numbers on the many mortgage gimmicks in the marketplace.

How did this come to be, you ask? This is not the mortgage market of 10 or even five years ago. What most people dont know is there are more than 100 lenders in Canada that would all like to have your mortgage business. Visiting the four banks in your neighbourhood is not going to cut it any more.

One of the biggest differences between the person you may deal with at your financial institution versus a mortgage broker is the broker works for you, not one financial institu-tion. Henry Ford, founder of Ford Motor Company, famously proclaimed people could have any colour of Model T they liked as long as it was black. This may be a good way to view a mortgage representative that works for one financial institution. The people who work for these institutions simply cannot offer the level of variety a consultant or broker can.

While the manager at a financial institution bases bonuses and salaries on the profitability of the products and services of the branch, mortgage brokers or consultants build their businesses on knowing where to get competitive rates and by providing value-added service. Some of the bigger mortgage consultants in Toronto single-handedly arrange more mortgages than many entire branches.

How do they get these rates? One of the advantages the mortgage broker has, is access to volume discounts the consumer typically doesnt get. When a mortgage broker sends a significant amount of business to various lenders every month, those lenders are going to make sure they work to keep the relationship strong. The financial institutions do not have to gather the paperwork, pay a salaried employee, or maintain an expensive branch infrastructure. By using mortgage brokers to generate mortgage business, they have to pay only the individuals who are producing deals. Really, it is a win-win situation for all involved.

As the Canadian economy increasingly echoes the strengths of successful products and services from the U.S., I truly believe the growth in this industry is only just begin-ning. Still, I would like to bring up an important point as with any industry, the cream rises to the top. Make sure you select the right financial professional to help you make your mortgage decisions.

Until next time happy home and mortgage hunting.

//Mortgage finesse

One of the biggest differences between the person you may deal with at your financial institution

versus a mortgage broker is the broker works for you, not one

financial institution.


7 S P E C T A C U L A R M O D E L ST A K E T H E T O U R T H I S W E E K E N D

Jefferson Forest continues to offer a wide selection of Freehold Townhomes all in an established community beside a 400+ acre nature preserve.

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Q.I recently purchased a new home from a builder in north Toronto. Occupancy is in November and I expect to complete transaction in March of next year. My sale price was $40,000 more than the initial purchase price. I have never lived in the property. Thus far, it has all been handled by my lawyer. Will I have to pay capital gains tax on this? How much and can I claim the lifetime exemp-tion? Brian, Scarborough

ACapital gains tax is charged on the profit realized from the sale of non-inventory assets. Most common assets are stocks, bonds and real estate. Currently, the income inclusion rate is 50 per cent. The taxable inclusion rate has bounced from inception 50 to 75 per cent, to 66 per cent, to its current rate. Therefore, an individual with capital gains must include in his/her personal tax return, 50 per cent of the capital gain. Yes, this can add up to be a large chunk of change and reduces your actual after tax rate of return on your investment.

Where did this tax come from? You say, many countries do not have this! Canadians were first introduced to capital gain tax in 1972. The Canadian government claims this was necessary to finance our social security programs and create a more equitable taxation system. Almost 40 years since and it is still around. Dont you feel more secure about your social security and equality in our tax system? Some countries such as Belize, Barbados, Cayman Islands, Egypt, and Hong Kong have no capital gains tax. On the other hand, there are many countries with similar taxation to Canadas such as Bulgaria, Denmark, France, Finland and Iceland.

Regardless, if you actually move in or not, you will be subject to capital gains tax on your sale in the year the transaction is completed. Individuals that purchase new or resale homes are treated no differently. Mr. Harper wants his share of the profit.

//taxing issues

Calculating capital gains tax by henry choo chong

henry choo chong, CGA, sits on many

committees and provides accounting and tax

services to individuals and businesses in the GTA. He can be reached at

416.485.5225. Questions to Taxing Issues can

be emailed to [email protected]

Using a marginal tax rate of 40 per cent in the example; Capital gains $40,000 Taxable capital gains (50%) $20,000 Tax rate: 40% Taxes payable: $20,000 x 40% = $8,000 Under certain circumstances the lifetime capital gains exemption can be claimed to reduce or eliminate capital gains. An individual that disposes of qualified farm or fishing property and small business corporation shares may claim an exemption up to $750,000. Your particular transaction does not qualify for this exemption.

Some other issues you should ponder and discuss with a lawyer and/or tax professional: GST/HST how will investment be

treated on closing? GST/HST are rebates available? Land Transfer tax How will this be

managed at closing? Is builder okay with this assignment? Any issues with occupancy?

Who takes? Have you considered the cost of

occupancy period?

Regardless, if you actually move in or not, you will be subject to capital gains tax on your sale in the year the transaction is completed. Individuals that purchase new or resale homes are treated no differently.


T here are few neighbourhoods that conjure up the image of a safe, comfortable and amenity-rich family community such as Richview. This established community near the renowned St. Georges Golf and Country Club, beautiful James Gardens and the stately Kingsway neighbourhood, is now home to the Townes of Richview by National Homes. Here, National is building an exclusive collection of just 68 freehold residences.

Located in Richview Gardens nearby prestigious Princess Anne Manor in the highly coveted Kipling and Eglinton neighbourhood, Nationals brownstone-inspired townhomes are the perfect choice for people who embrace all the city has to offer, but enjoy the peacefulness of a quiet neighbourhood. The Townes of Richview feature elegant stone, stucco and classic brick exteriors, large, tree-lined rear yards, sun-filled private terraces, two-car garages, nine-ft. ceilings, hardwood flooring and more. Designs offer up to 2,790 sq. ft. of graceful living space. Plus, these are true freehold towns no monthly condo fees.

These home designs embrace a distinct elegance usually reserved for spacious manor homes. Floorplans maximize space and natural light; rooms flow sensibly, storage space has been optimized, kitchens are spectacular. Master suites pamper, with handsomely designed ensuite bathrooms that include such luxuries as deep soaker tubs and separate glass showers. Soaring windows overlook mature trees of this established neighbourhood and the gently rolling terrain of the neighbouring Mimico Creek and Humber River Valleys.

Richview!

//communiTy focus

Youre ready for

LocaTion Etobicoke

Housing Type Freehold townhomes

conTacT nationalhomes.com


The Townes of Richview are in the heart of Etobicoke, where everything you love is a short walk or a bike ride away, along the 7.7-km dedicated bike path that winds through a tree lined boulevard along Eglinton. Just around the corner, youll discover the convenient shops, cafes and services of Richview Square and Lloyd Manor Plaza. Also close by are the shops of Sherway Gardens Plaza, Bloor west village and even Yorkdale Mall is only 10 minutes away. Pamper yourself at the beautiful Old Mill Inn and Spa. Well-equipped parks, Richview Library, family-friendly community centres, pools, skating rinks and tennis courts are an important part of the quality of life residents will discover in this established neighbourhood.

One of the greatest features of The Townes of Richview is its proximity to James Gardens Park - an Etobicoke, and Toronto, landmark. Located on the west bank of the Humber River it contains numerous flower gardens and pathways, as well as a busy community centre overlooking the parklands. Fred T. James created the garden over a span of 40 years and lived on the property in the coach house, which still exists. The Tommy Thompson Trail runs through James Gardens and the park is also home to lawn bowling and cross-country skiing.

Designs offer up to 2,790 sq. ft. of graceful living space. Plus, these are true freehold towns no monthly condo fees.

NATIONAL HOMES | Townes of Richview

The Kingsway is another terrific perk for residents at The Townes of Richview. Here, you can explore the best in boutique shopping and more than 30 different dining establishments. There are pubs, bars, coffee houses, a retro-cinema and an array of professional services to suit all of your needs. Pamper yourself in one of the citys best hair salons. Have a massage, manicure or pedicure. Need your clothes cleaned, shoes shined... whatever you need... youll find it on the Kingsway!

Another highlight of this neighbourhood is prestigious St. Georges Golf Club. Ranked the No. 1 Golf Course in Canada by Golf Digest Magazine, St. Georges has been a west end fixture since 1929. The Club is located at 1668 Islington Ave. less than five minutes from The Townes of Richview.

Etobicoke boasts a number of prestigious schools, including Richview Collegiate, Princess Margaret Junior School, Martin Grove Collegiate. Catholic schools include, St. Marcelles, All Saints and Father Serra. Private schools include Olivet, MPS, Nil and Northstar Montessori.

When you live at Richview, an easy 10-minute bus ride will take you to the Islington or Kipling subway, where youll be whisked downtown in just 25 minutes, you can be on Hwys. 401, 400, 427 or the Gardiner Expressway within 15 minutes and at the Toronto International airport in 10 minutes.

The Townes of Richview are priced from the $570s. Register now at nationalhomes.com to receive your invitation to the Insiders Preview.


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discerning shoppers will enjoy browsing sophisticated design and editorial, and most importantly, the quality selection of premium,high rise and low rise developments in the GTA.

SPRING 2014

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Thornhill ravines - ThornhillMadisons Edenwood model home has just been released for sale. This 60-ft. lot backing onto ravine offers 4,075 sq. ft. of extraordinary living space. The stone and brick exterior coupled with a triple bay garage provides an elegant first impression to this regal home. Within the first steps into this home, you will notice a conveniently located library or home office with large transom windows and plank leather flooring. The gourmet kitchen features a wolf-gas cooktop and electric oven, Sub-Zero built-in fridge and wine cooler, anchored by a centre island and breakfast bar, with a panoramic view of the ravine.

This designer finished model home has maple hardwood flooring in the living room, dining room, family room and main hall with a maple staircase and pot-lights throughout. The magnificent master bedroom has his-and-her walk-in closets with custom built-in cabinetry, which includes drawers, shelves and hanging area.

Pack your bags and move in this summer!

//community focus

Model homes for sale!

Location Thornhill

Housing type Thornhill Ravines, 4,075-sq.-ft. Edenwood model home; Legacy, 3,611-sq.-ft. Picasso model home

saLes centre Dufferin south of Major Mackenzie Dr., open Monday to Thursday 1 to 8 p.m., Friday by appointment only, weekends and holidays from 11 a.m. to 6 p.m.

contact 905.417.1203


A lavish master ensuite with double vanities, make-up counter, bidet, soaker tub beneath a window and a glass shower, epitomize luxury. There are three additional bedrooms, two of which share a convenient Jack-and-Jill ensuite bathroom and the third bedroom has its own private ensuite.

Thornhill Ravines is ideally situated on the periphery of the McMillan nature preserve at the corner of Dufferin Street and Valley Vista Drive, just south of Major Mackenzie Drive in Vaughan. With forested lands naturally unfolding around you from every direction, you will truly feel as if you are being embraced by nature. No other centrally located community combines such a once in a lifetime treed setting with timeless, traditional and rich architecture amidst every modern comfort and convenience.

Dont miss out on this chance to call this stunningly decorated model home your own, priced at $1.8 million.

Dont miss out on this chance to call this stunningly decorated model home your own, priced at $1.8 million.

MADISON HOMES | Multi-site

Pictured: Legacy Picasso

legacy ThornhillMadison Homes is currently offering its last designer decorated model for sale at Legacy in Thornhill. This one of a kind model is located at Bathurst and Lebovic Campus Drive, just north of Rutherford Road on Gesher Crescent, steps from the Jewish Community Centre that offers a 95,000-sq.-ft. sports and recreational facility that includes an aquatic centre, with an indoor and outdoor pool.

The Picasso, a 3,611 sq. ft., three-storey home has a walk-out finished lower level that features a bedroom, great for an in-law or nanny suite and a recreation room. This stunning stone and brick exterior with an abundance of large windows creates an inviting street appeal. Once inside, you will be captivated by the fully decorated and furnished model home that features a large contemporary maple kitchen, bamboo flooring and stone fireplace on the second floor. In the master bedroom, you will find a walk-in closet with custom cabinetry built-ins, and a master ensuite that has a double vanity, free standing soaker tub and glass shower. The Picasso also boasts an abundance of well-appointed finishes that you just cannot find without a designers touch such as built-in display cabinets in the dining room, built-in desk in the home office, built-in media wall in the family room and pot-lights throughout. This spectacular model home is priced at $1.1 million.

Model homes presentation centre, located at Dufferin just south of Major Mackenzie Dr., is 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. call 905.417.1203.


New home sales continue to climb

//In the news

New-home sales in the GTA remain strong, as April figures show continuous improvement over 2013, accord-ing to the Building Industry and Land Development Association (BILD).

According to RealNet Canada Inc., BILDs official source for new-home market intelligence, the GTA saw 3,243 new-home and condominium transactions in April a 17-per-cent increase over April 2013.

Total year-to-date sales increased 46 per cent from 2013.

Sales of detached, semis and townhomes were up 83 per cent and sit just below the 10-year average. Highrise sales were down 19 per cent from 2013, due largely in part to limited new project launches in April.

Our industry continues to build quality, complete communities that people can afford to purchase, says BILD President and CEO Bryan Tuckey. Year-to-date sales are well above the 10-year average, which means GTA residents continue to view the high-rise market as an affordable path to homeownership.

According to the RealNet New Home Price Index, the average price of a low-rise home increased six per cent to $667,667 while the average price of a high-rise home grew one per cent to $437,366.

Year-to-date sales are well above the 10-year average, which means GTA residents continue to view the high-rise market as an affordable path to homeownership.

AprIL 14 LowrIse HIGHrIse ToTALreGIoN 2012 2013 2014 2012 2013 2014 2012 2013 2014DurHAm 271 166 274 7 3 12 278 169 286HALToN 170 76 242 148 215 67 318 291 309peeL 713 391 485 328 139 44 1,041 530 529ToroNTo 62 62 126 2,245 1,253 1,189 2,307 1,315 1,315York 606 293 678 210 170 126 816 463 804GTA 1,822 988 1,805 2,938 1,780 1,438 4,760 2,768 3,243JAN-AprIL 6,382 3,620 5,767 6,730 4,725 6,411 13,112 8,345 12,178Source: RealNet Canada Inc.


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There are many questions that will run through your head in the weeks leading up to closing on your new home. Did I choose the right location? Did I pay too much? Should I have waited out this hot market?

Weve all heard of buyers remorse. Maybe its that canary yellow convertible that caught your eye at the dealership when you were there only to get an oil change. Maybe its that Florida timeshare that tempted you in the dead of winter. Maybe its, dare I say it, the home you just purchased.

When it comes to buying a home, feeling a little anxious and questioning whether youve made the right decision is normal.

Having just bought a new house our second my husband and I have been swept up in a whirlwind of excitement, anxiety and stress bordering on distress. First of all, our new home is more expensive. Second, its further away. Third, its a new community. (Well, not new new, but new to us.) While we were well aware of these factors when we bought the house

and we still consider it worth the trade-off we cant help but feel pangs of fear as we prepare for the big move.

My husband is the worrier between the two of us, but admittedly, I am very reactive. When the world around me panics, Im not far behind. So, I too have suffered some sleepless nights.

How can you curb those I wish I never... and What if... thoughts? Here are three ways to stop buyers remorse dead in its tracks:

Stop lookIng Youve had your eyes glued to the real estate listings for months. Now that youve purchased a home, its tough to go cold turkey. Trust me if you keep looking, youll find something in a more convenient location, or at a cheaper price, or better in some way. Why are you torturing yourself? If you were happy with your decision to buy when you made it, then stop shopping for the bigger, better deal.

Stop lIStenIng Youve made your buying decision based on your needs and wants. You were confident with your purchase... until Uncle Joe tsk-tsked and dug up that newspaper article hes been saving for you about a drop in house prices in the coming months. But does anyone really know for certain what will happen in the future? By sitting on the fence and waiting for perfect market conditions, you could miss out on some really great opportunities. Dont be overcome by analysis paralysis. If the timing is right for you, go for it.

Stop worryIng Youve done your homework, havent you? Youve scoped out a variety of locations with a close look at the amenities, home types and their prices. Youve set a budget. Youve been pre-approved at a great mortgage interest rate and terms. Youve saved a down payment and closing costs are covered. Youve got your team of professionals: realtor, home inspector, lawyer. What more could you have done? Buying a new home especially for the first time is certainly stressful, but ask yourself if your fears are founded on facts, or just a common case of cold feet? If youve done your research, then its most likely the latter and youll get over it.

Nothing will ruin your homebuying happiness like having it engulfed in a wave of irrational fear. In your home purchase, as in life, regret nothing and enjoy every moment.

Buyers remorse: How to avoid What if and I wish I never

//home sweet home

by lydia mcnutt

lydia mcnutt is an award-winning writer and editor of New Condo

Guide. Lydias love of architecture, interior design and the written word have landed her happily at home at Wall2Wall Media, where

real estate rules. Email Lydia.McNutt@

wall2wallmedia.com, and follow her on Twitter

@LydiasTweets


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

*Available to qualified buyers only - See sales representative for details. Subject to change without notice.

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The Southhampton - 3 bedroom. Artists concept.

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DaviD HirsH is President and CEO of

Brandy Lane Corporation. Hirsh prides himself on his creative hands-on

approach to all stages of the development and building process. He believes that

everyone is his client. The companys newest communities are: highly successful Wyldewood Cove in Collingwood,

and coming soon The Davies, at Avenue Road and Cottingham. Visit brandylanehomes.com

by DaviD HirsH

With the Victoria Day long weekend now behind us and the promise of better weather ahead, you might be encouraged to get more active. I know I am, and this is certainly the time to get moving! When you are considering your future house or condo, youll want to make note of local and on-site indoor fitness facilities, as well as what outdoor active pursuits are close to home.

Theres no doubt that day-to-day life can be hectic, and squeezing in a workout is sometimes the last thing on your mind. Or you might be getting bored with a repetitive routine that no longer challenges you. This is exactly why circuit training has become as popular as it has recently. This type of workout allows for an effective and quick way to get your heart pumping while having fun by switching up your regular routine.

If youre looking for a new condo, youll likely have a fully-equipped fitness centre right in the building, with everything from elliptical trainers for the perfect cardio workout, to weights that will sculpt those abs and arms, and often a yoga/Pilates studio talk about the ultimate in circuit training! Depending upon where youre looking to live and the lifestyle

LETS GET MOVING

Top fitness trends for 2014

//industry insider

you want, other amenities that may be important to you include party rooms where you can host larger gatherings and where you and your friends can stay fit by dancing up a storm. In some cases, you might even have a pool located conve-niently in your building. Take into consideration which fitness amenities you are most likely to use when determining the best place for you.

In terms of location, maybe your new home search is centred on a specific locale because youre an avid golfer and you want the club or r

Documents

GTA New Home Guide - May 31, 2014