Tag Archives: In The Spotlight

Plaza awarded Tarion 2020 highrise Builder of the Year

Plaza awarded Tarion 2020 Highrise Builder of the Year

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Plaza awarded Tarion 2020 Highrise Builder of the Year

Plaza was recently named the winner of the 2020 Homeowners’ Choice Award for Highrise Construction from Tarion Warranty Corp. The awards are the only ones where Ontario’s new-home buyers vote to recognize builders based on excellence in customer service.

Scott McLellan, senior vice-president, Plaza
Scott McLellan, senior vice-president, Plaza

“These awards are based on customer experience and service opinions gathered from homeowners through an independent survey process,” says Peter Balasubramanian, president and CEO of Tarion. “As we continually work to modernize our organization to ensure fairness and predictability across the sector, we want to congratulate builders such as Plaza (which) have contributed positive experiences for so many Ontarians.”

Plaza is actually a repeat winner of the prestigious awards, having won the Tarion Builder of the Year in 2018.

“Our commitment to our purchasers starts at the point of sale,” Scott McLellan, senior vice-president of Plaza, told Condo Life. “All of our salespeople are employees of Plaza and are trained in-house so that they have a full understanding of the project. If there is any specific enquiry or change requested by the purchaser, the salesperson contacts us immediately to ensure a quick response.

“After buying a suite, purchasers are then referred to a Plaza concierge, who can answer any questions regarding the purchasing process. They are sent constant updates regarding the sales progress, status of the project and treated in a personal way as a member of the Plaza family. We encourage an open-door policy with all our purchasers and invite them to call us any time if they have any questions before they move in.”

Prior to moving into their suite, purchasers do a walk-through of their unit with a Plaza inspector, “and in nearly all cases there are zero deficiencies,” says McLellan. “If, in fact, one finds a deficiency, it is addressed immediately or the minute we are able to secure the right trade to do so.

“Our primary goal is to ensure every purchaser has a strong sense of trust that Plaza responds to every question or issue without delay.”

plazacorp.com


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Ontario housing markets to lead Canada heading into 2021

Ontario housing markets to lead Canada heading into 2021

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Ontario housing markets to lead Canada heading into 2021

Housing markets across Canada are expected to remain active for the remainder of 2020 due to pent-up demand and low inventory levels – with price growth in Ontario leading the way, according to a new report from ReMax Canada.

The ReMax Fall Market Outlook Report forecasts the average sale price in Canada could increase by 4.6 per cent during the remainder of the year, compared to the 3.7 per cent increase that was predicted in late 2019.

The pandemic has prompted many Canadians to reassess their living situations. According to a survey conducted by Leger on behalf of ReMax, 32 per cent of Canadians no longer want to live in large urban centres, and instead would opt for rural or suburban communities. This trend is stronger among Canadians under the age of 55.

Pent-up demand

“The classically hot spring market that was pushed to the summer months due to the COVID-19 pandemic created a surprisingly strong market across Canada and across all market segments,” says Christopher Alexander, executive vice-president and regional director, ReMax of Ontario-Atlantic Canada. “Looking ahead, government financial aid programs may be coming to an end in September, which could potentially impact future activity. However, the pent-up demand and low inventory dynamic may keep prices steady and bolster activity for the remainder of 2020. Overall, we are very confident in the long-term durability of the market.”

Not only are Canadians more motivated to leave cities, but changes in work and life dynamics have also shifted their needs and wants for their homes. According to the survey, 44 per cent of Canadians would like a home with more space for personal amenities, such as a pool, balcony or a large yard.

Ontario housing market

With Ontario one of the provinces hit hardest by the pandemic, markets such as Niagara, Mississauga and Kitchener-Waterloo experienced significant drops in activity, but bounced back aggressively in June as economies began to reopen. Toronto continues to be a sellers’ market, with low listing inventory and high demand. An uptick in new listings is anticipated for fall, now that buyers and sellers are more comfortable engaging in the housing market. ReMax estimates a five-per-cent increase in average residential sale price in Toronto for the remainder of the year, with the potential for modest price increases of up to six per cent in regions such as Hamilton, Brampton and London.

Luxury market thriving

Canada’s overall luxury market has remained strong throughout the pandemic, with market conditions unchanged from the beginning of the year in most regions.

The luxury segment in Toronto is considered balanced, with Vancouver pushing into a sellers’ market. Vancouver is beginning to see more interest from move-up buyers instead of the foreign buyers who drove demand in Vancouver’s luxury market prior to COVID-19. This was likely due to travel restrictions brought on by the pandemic. In Toronto, activity was slower than usual this spring as buyers did not have any urgency to transact during the pandemic.

Luxury housing in secondary markets such as Hamilton is seeing a slight uptick in activity, with high-end buyers seeking more square footage and larger properties outside of city centres. Hamilton has experienced an increase in buyer interest from residents from Brampton and Mississauga looking to relocate to the region.


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Debut Condos

New condo set to Debut along Barrie waterfront

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New condo set to Debut along Barrie waterfront

Debut, a new condominium, is coming soon to Barrie’s downtown waterfront, from artist and real estate developer Gary Silverberg.

Comprising two 33-storey towers, Debut is the first highrise condo in Barrie and Simcoe County.

At Debut’s base will be curated retail shops and a pedestrian arcade serving as the gateway to the waterfront, marina, farmer’s market and transit.

Debut’s location at Dunlop Street and Mary Street is steps from the lake, retail and restaurants. It is also close to Hwy. 400, the Allandale Waterfront GO Station, other shopping and dining options, Georgian College and more.

“The city is becoming very cool, with one of the best waterfronts,” says Silverberg. “Barrie wants a booming downtown core, and (the City) saw the logic in what we were proposing. Everything has been a collaboration.”

With 42 years of real estate experience, Silverberg understands how areas gentrify. He notes how shopping is shifting from big box stores, as Millennials look for more authentic retail.

“(Barrie) has cool retail and restaurants, and when retail starts to get cool and hip, it’s on its way,” says Silverberg. “I always believed there would be a swing away from Toronto, and Millennials would be coming to Barrie. It’s happening a lot faster than we thought.”

World-class architects (Oleson Worland Architects and Scott Shields Architects) and leading-edge designers (Johnson Chou) have created Debut with great attention to detail.

The building towers twist to maximize views of the waterfront, and offer an extensive selection of suites with state-of-the-art finishes, European kitchens and spa-inspired bathrooms. Flexible designs maximize space and allow for multiple uses.

The residences are expected to appeal to a wide range of buyers, from first-time buyers to downsizers.

Project marketing is from Mark Cohen, managing partner of The Condo Store, Toronto.

“The building is modelled after the lifestyle in a place like Whistler,” says Silverberg. “Instead of a mountain at your door, you have Lake Simcoe.”

debutcondos.com


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Condo prices surge in second quarter

GTA condo prices surge in second quarter

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GTA condo prices surge in second quarter

Condominium prices jumped 5.1 per cent to $619,707 in the second quarter of 2020, from $589,622 in Q2 2019, despite sales dropping more than 50 per cent.

Condo prices surge in second quarter

The Toronto Regional Real Estate Board (TRREB) recently announced that second quarter 2020 condo sales amounted to 3,459 – down 50.8 per cent from 7,024 sales in Q2 2019.

Listings were also down, 21.6 per cent to 8,717 in Q2 2020, compared to 11,114 new listings in Q2 2019.

“The condominium apartment market experienced a dip in sales and new listings in the second quarter of 2020, as many potential buyers moved to the sidelines as a result of public health measures taken to combat COVID-19 and the resulting economic downturn,” says TRREB President Lisa Patel. “With the overall housing market trending toward recovery in June, condo apartment sales will likely improve in the third quarter.”

“It will be important to watch the relationship between condominium apartment sales and new listings as we move through the second half of 2020,” adds Jason Mercer, TRREB’s chief market analyst. “If economic recovery is sustained, the demand for condo apartments will improve. However, the prospect of stricter regulations on shortterm rentals and softer rental market conditions could fuel increased listings of investor-held units. If we see more balanced market conditions, condo price growth could be more moderate compared to lowrise home types.”


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Trulife & Constantine prepare to launch 8188 Yonge

Trulife & Constantine prepare to launch 8188 Yonge

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Trulife & Constantine prepare to launch 8188 Yonge

The developers of 8188 Yonge are preparing to launch in the fall, and acknowledging the current pandemic times, Trulife Developments and Constantine Developments are employing new sales techniques to reach prospective buyers.

With COVID-19 safety measures still on consumers’ minds, buyers can choose to go through the sales experience either in person at the presentation centre or virtually from the comfort of their home. Both approaches will include immersive tours of the property, one-on-one appointments with a company representative and broker, and an individualized presentation of the project.

Located in the Uplands area of Thornhill, this new build is suitable for young families looking to invest in a new place they call home, especially with close access to Hwy. 407 allowing you to get downtown quickly for work, but close to great greenspace, local amenities and schools.

Signature features of 8188 Yonge include bespoke balconies. Homebuyers can choose from three different packages – Forest, Ocean or Garden – with associated finishing and decor options. Each is a pre-determined design package that the buyer can choose from and incorporates finishes along with decor or design add-on recommendations. Pricing is determined based on the square footage of each balcony, though for early purchasers it will be included in their purchase price.

Other features include continuous flow throughout the architecture and building designs, spacious suites with Smart Unit upgrade packages available, 30,000 sq. ft. of outdoor amenities including yoga and exercise space, children’s play area, dog park and sun deck with cabanas. All within walking distance to both future Yonge extension subway stops.

8188yonge.com


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Terra View Homes set to launch energy efficient community in Guelph

Terra View Homes set to launch energy efficient community in Guelph

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Terra View Homes set to launch energy efficient community in Guelph

Terra View Homes is gearing up for the fall launch of residential home sales in its highly anticipated NiMa Trails project in Guelph.

NiMa Trails will include 360 units of multi-block and single-detached homes all built to the Net Zero Ready standard and offered in a variety of layouts, ranging from 1,700 to 3,600 sq. ft. The multi-phase community infrastructure for Phase 1A and 1B is nearing completion.

With upwards of 180 multi units planned for the development, residential space will make up the majority of the 34 acres that the project spans in the city’s north end. NiMa Trails will also include proposed commercial and office space, a community trail, three wetland areas, and a large community park.

“It is incredibly exciting to finally be launching this project and all it has to offer to those looking to purchase a new home in this vibrant community,” says David Brix, president of Terra View Homes. “We’re looking forward to bringing this unique addition to the Guelph residential market.”

Set to be Guelph’s most energy efficient community, NiMa Trails will include the notable Terra Condos project, which is scheduled to break ground in the coming months. Selected as one of the 16 projects chosen to be a part of the Canada Green Building Council’s (CaGBC) Zero Carbon Building Standard pilot program in 2017, the construction of Terra will help create and inform the CaGBC’s Zero Carbon Building Standard for energy efficient buildings and future building stock across the country.

Terra Condos is set to be one of the first of its kind in Canada – a modern, socially responsible boutique condo building that leaves zero carbon footprint by drawing on green power from solar and geothermal energy sources.

terra-view.com


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2150 Lake Shore

2150 Lake Shore development takes another important step

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2150 Lake Shore development takes another important step

The redevelopment plan for the former Christie’s bakery site at 2150 Lake Shore Boulevard and Park Lawn Road in Etobicoke took another important step recently when land owner First Capital Realty submitted a revised proposal to include a new GO station as part of the project.

2150 Lake Shore

The 28-acre site – known, at least temporarily, as 2150 Lake Shore – calls for 15 new residential and office towers, from 16 to 70 storeys, new parks and public spaces and employment.

First Capital proposes to build the new GO station in partnership with Metrolinx and located at the north end of the property. The station is envisioned to be on both sides of the Lakeshore West rail corridor, and both sides of Park Lawn. It is also expected to evolve into a multi-modal transportation hub that would improve local and regional transit access and connectivity.

The 2150 Lake Shore redevelopment is to be completed in multiple phases with new public and private streets, a new public park, and two squares, residential, commercial, retail and institutional uses. The proposal includes a total of 7,139 residential units and 4,425 parking spaces.

2150lakeshore.com


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Geranium makes water-saving a priority at Edgewood in Pickering

Geranium makes water-saving a priority at Edgewood in Pickering

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Geranium makes water-saving a priority at Edgewood in Pickering

Purchasers at Geranium‘s new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.

Geranium is the first homebuilder in Canada to parcel this feature into the construction of an entire community. For Edgewood homeowners, this will mean reducing their annual water bill by approximately 20 per cent and, for a family of four, saving up to 30,000 litres of water in one year – an amount of water that could fill a 16-by-32-ft. rectangular swimming pool.

“Water is a precious resource and Canadians are one of the highest users per capita worldwide,” says Boaz Feiner, president of Geranium. “At home, we use hundreds of litres of water daily by showering, bathing, flushing toilets, running dishwashers and washing machines. In 2013, we learned about Greyter’s initiatives for the commercial market. Although there wasn’t a residential system available in Canada, they were working towards changing that. Going forward, we decided to include the rough-in for a greywater system in our lowrise homes, something that would be much more costly to do if possible at all, once the house was built. By providing the rough-in, we are giving the owners of our homes the opportunity to buy and install a system when they became available for houses.”

Greyter’s Home system captures and treats shower and bathwater so it can be reused for flushing toilets. The entire compact system is installed inside the home, requires only five standard plumbing connections and is easy for a professional plumber to install. Additional features are its superior, proprietary filtration and treatment process; low maintenance; low energy requirements; and comes with a touchpad controller that handles all aspects of the system operation and provides the homeowner with performance data, maintenance reminders and tutorials.

Geranium and Greyter will share data collected from the Edgewood homes, with the City of Pickering and Durham Region. Geranium has been selected as the winner of the City of Pickering’s 2019 Sustainability Award for its Edgewood community.

geranium.com


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Empire Home Reimagined

Empire Communities prioritizes lifestyle needs

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Empire Communities prioritizes lifestyle needs

Empire Communities, one of North America’s largest private homebuilders, is seeing a significant increase in home sales throughout Southwestern Ontario as homebuyers re-evaluate how and where they live and what they need out of a home in response to COVID-19. Now, homebuyers are prioritizing rooms in their home based on the unique needs of their family and new lifestyle.

Empire Home Reimagined

Since March, Empire has sold close to 500 homes in communities across Southwestern Ontario. With home now the hub, homebuyers are highly motivated on their search to prioritize space and accommodate the needs of their family and the new realities of spending more time at home. Additionally, many buyers are looking to more affordable markets outside the GTA for space and value, with interest rates historically low and with the newfound flexibility of working from home.

To help guide homebuyers through their homebuying journey, Empire has launched a new platform to match homebuyers with the features and home designs that will best serve their needs. With Home Reimagined, homebuyers will discover which room is the heart of their home and get insight on design features to consider during the home search.

Through Empire’s Home Reimagined campaign, homebuyers can take a short quiz designed to match them with a persona that will provide insight on home designs that pair well with their values and family life, and the Empire communities they are available in. In addition to receiving suggested home designs, homebuyers are also offered content curated just for them based on their quiz results.

empirecommunities.com


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The Daniels Corporation commits to sustainable homebuilding

The Daniels Corporation commits to sustainable homebuilding

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The Daniels Corporation commits to sustainable homebuilding

The Daniels Corporation, a developer of lowrise and condominium housing communities, has signalled a stronger corporate focus on sustainable homebuilding with the launch of Field House EcoUrban Towns, in Toronto’s Regent Park. This townhome community, and subsequent Daniels projects that bear the EcoUrban stamp, will boast innovative construction and lifestyle technologies that lower carbon emissions, as well as support a fossil fuel free living experience.

“Innovation is in Daniels’ DNA,” says Director of Project Implementation, Adam Molson. “From our founder, to our current leadership team, The Daniels Corporation’s approach has historically been built on a commitment to doing better. We have always been determined to be at the vanguard of the Canadian development industry. Prioritizing sustainability is the latest example of our corporate commitment to doing better. For Field House, it was important for us as an organization to meet the higher-level voluntary standards in Tier 2 of the Toronto Green Standard, Version 2, and we have far exceeded that with this project.”

Now under construction with occupancies expected in less than a year, Field House is the first Daniels community to boast the EcoUrban designation. With prices that start at $1.1 million, the Field House community features 24 three-storey townhomes, ranging in size from slightly more than 1,319 sq. ft. to more than 1,700 sq. ft.

The company expects that EcoUrban towns will use 52 per cent less energy, emit 89 per cent fewer greenhouse gases and reduce energy costs by 11 per cent, compared to Daniels’ traditional townhomes.

Notable features in the Field House EcoUrban Towns development include: All electric high-efficiency heat pumps; PowerPipe drain water heat recovery; Reversomatic energy recovery ventilators; high performance building envelopes; triple-glazed windows; lowflow faucets and single flush low consumption toilets; Smart Meter technology and efficient appliances; LED light fixtures; and electric vehicle charging.

danielshomes.ca


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