Tag Archives: Menkes

Vaughan is on the move – in more ways than one

Vaughan is on the move – in more ways than one

Latest News


Vaughan is on the move – in more ways than one

Vaughan is a city on the move – quite literally, and in more ways than one. Located north of Toronto in York Region, Vaughan has long been one of the fastest growing municipalities in Canada, with a population now exceeding 306,000.

Comprising the Woodbridge, Maple, Thornhill, Concord and Kleinburg communities, each with their own characteristics and enjoying their own growth, Vaughan is a hub of development and activity. Once known as the city above Toronto, it’s now “the place to be.” And with good reason.

Vaughan Metropolitan Centre

With Hwys. 400 and 407 right there, and Hwy. 7 also running through town, transportation and transit have long been important parts of Vaughan. Now they’re central to its future, with the new Vaughan Metropolitan Centre rapid transit station, the north terminus of the western section of the Toronto subway’s Line 1. It is also a major transit hub for York Region Transit and the Viva and Zum bus rapid transit services.

Economic growth is occurring in lockstep. Vaughan is now the third largest employment centre in the GTA after Toronto and Mississauga, and the largest contributor to York Region’s economy.

Manufacturing is the star economic performer here, accounting for 22 per cent of total employment, followed by construction, retail and wholesale trade, and transportation and warehousing. United Parcel Service, in fact, operates a signature shipping warehouse near Jane and Steeles.

In the near future, you can add healthcare to the mix of economic and lifestyle benefits, as the City has entered into a first-of-its-kind partnership with Mackenzie Health, York University and ventureLAB.

The City is leading the collaboration to transform an 82-acre parcel of land at Jane Street and Major Mackenzie Drive into the Vaughan Healthcare Centre Precinct. Vaughan, York University, Mackenzie Health and ventureLAB are to study to the best use of lands surrounding the site of the Mackenzie Vaughan Hospital. The hospital is under construction and expected to be completed later this year.

The goal of the collaboration is for the Vaughan Healthcare Centre Precinct to leverage resources to bring healthcare, innovation and jobs to this growing community.

Vaughan Mayor Maurizio Bevilacqua
Vaughan Mayor Maurizio Bevilacqua

“This feasibility study is an illustration of how partnerships can be truly effective when values, principles and beliefs are perfectly aligned,” says Vaughan Mayor Maurizio Bevilacqua. “The new state-of-the-art Mackenzie Vaughan Hospital will be a catalyst for other uses, like medical offices, labs and research space, healthcare incubators, and education and conference rooms related to healthcare. This is where thought leaders, subject matter experts and innovators will come together to advance a shared vision of healthcare innovation. This transformational collaboration will benefit the healthcare of residents of Vaughan and beyond.”

Highrise living

Vaughan is noteworthy for a lot of condominium development taking place around new transit infrastructure, though there’s also noteworthy new lowrise communities in the area. This is where buyers come for expansive single-detached homes and large lots.

And once you’ve bought a home in Vaughan, Improve Canada will help you furnish and operate it. Located in Concord and more commonly known as the Vaughan Home Improvement Centre, the complex is a unique offering of about 400 home improvement stores.

Location, location, location

Located in the Regional Municipality of York; bounded by Brampton to the west, King to the north, Markham and Richmond Hill to the east and Toronto to the south; more than 273 sq. kms; population 306,233; includes the communities of Concord, Kleinburg, Maple, Thornhill and Woodbridge.

Key landmarks

• Canada’s Wonderland

• Kortright Centre for Conservation

• McMichael Canadian Art Collection

• Reptilia Zoo

• Vaughan Home Improvement Centre

• Vaughan Metropolitan Centre

• Vaughan Mills

Select housing developments

9560 Islington by Kingsmen Group

Abeja District Condos by Cortel Group

Boutik Condos by Bremont Homes

Festival Condos by Menkes

Festival Condos by QuadReal

Hwy 7 & Jane by Gold Park Homes

Park Avenue Place by Solmar Developments

SXSW by Primont Homes


SHARE  

Featured Products


GTA homebuilders upbeat, foresee post-COVID-19 recovery

GTA homebuilders upbeat about post-COVID-19
recovery

Latest News


GTA homebuilders upbeat about post-COVID-19
recovery

The beginning of 2020 was looking especially bright in the new and resale home markets in and around the GTA. The economy was sailing along, interest rates were low, homebuyer appetite looked insatiable and everything that was built or put up for sale seemingly was snapped up in an instant.

Then COVID-19 hit, and everything changed.

Here we are now, mid-year and a few months into the pandemic, and while some insecurity remains, there are growing reasons for optimism.

The Conference Board of Canada, for example, reports that while major metropolitan economies may contract in 2020, assuming the virus’ spread is contained and companies can return to normal operations over the summer months, a recovery should begin in the second half of the year. Sharp rebounds should follow, and in the case of Toronto, GDP growth of 3.2 per cent from 2021 to 2024 could lead the country.

Another source, Altus Group, points out that the unique nature of this economic slowdown means the impact on housing markets will likely be mild and short lasting.

Altus Group Vice-President and Chief Economist Peter Norman says a relaxing of containment measures through early summer should bring a sharp resumption in new home sales activity.

Later in the year, home prices will likely return to their upward path, and expectations are for a five- to 10-per-cent year-over-year gain, nationally, by year-end.

The pandemic has been a challenging time for the homebuilding industry, an important economic driver. Construction was halted for a period, and though now allowed to resume, there is still some uncertainty in the market. Builders, however, remain largely upbeat.

Here’s how GTA area homebuilders are feeling:

Altree Developments

Jordan Debrincat
Director of Operations

We are very excited that construction can now continue on our sites. For our Thirty Six Zorra project in Etobicoke, we were at the point in our construction where we were just about to begin shoring and excavation before the shutdown took place, and we have to make some adjustments to our daily operations for this site. Now that construction is back up and running, we are ready to begin – full steam ahead. We were already ahead of schedule, so the provincial shutdowns didn’t affect our timing at all.

Construction resuming has put a lot of people at ease. This has allowed a number of people to return to work, developers to continue their operations, and purchasers the comfort that their home is going to be delivered on time.

**************************

Aoyuan International

Vince Santino
Senior Vice-President of Development

M2M in North York is actively under construction. We’ve learned some great lessons about best practices and how to interact with each other when it comes to social distancing and providing a safe, informative sales experience. Part of that is adopting virtual sales tools, and leaning a little more on digital technology. We’re optimistic, and have plans to release a collection of townhomes and upper tower suites at M2M as part of M2M Spaces. These will be larger, more livable units, with a variety of outdoor spaces depending on the suite. There is a real emphasis on wellness, and pairing more spacious suites with the urban setting at Yonge and Finch.

The 8.6-acre M2M development will be one of Aoyuan’s largest master-planned communities in Canada and really gives us the opportunity to bring our healthy lifestyle vision to life. Everything from our amenity package, which includes a yoga and fitness area, indoor and outdoor kids play area and infinity pool, to our urban location, is geared around promoting healthy, active lifestyles. This corporate-wide focus on health and wellness positions us well in our collective, new reality. We’re thinking about the people who will be living at M2M, offering a range of suites sizes to accommodate a diverse cross-section of residents. We’re even providing homes for multi-generational families. I think space is going to be a cherished amenity for a lot of buyers, and we’re proud to be bringing a range of options to market.

**************************

Carriage Gate Homes

Nick Carnicelli
President

Construction continues at Gallery Condos + Lofts in Burlington, with occupancy scheduled for 2022.

We moved the launch date for the first phase of our new large masterplanned community in Hamilton – Roxboro – from spring to the fall. Like many builders, we are continuing to plan for our launch, and may begin to change the way we launch projects in future. More virtual technology, no large crowds, with all appropriate COVID-19 measures in place.

**************************

Flato Developments

Shakir Rehmatullah
President

We are very optimistic, as we’re already witnessing renewed confidence from homebuyers. We’re increasing our use of technology, as meeting virtually will become the new norm. For us, it’s business as usual. Our sites are under construction as planned, and more sites are beginning construction as per the government’s direction. We have been active in marketing, even though we couldn’t do physical sales events, and we have been conducting online webinars with good results. For new launches, we’ll likely adopt new technologies such as virtual openings for certain projects, to make sure vulnerable groups such as seniors are safe.

We believe the demand for lowrise homes and small buildings will increase as people embrace social distancing. And since more people will be working from home, many will invest more in their homes. Home offices will be a must.

**************************

Menkes Highrise

Jared Menkes
Executive Vice-President

We are seeing signs of pent-up demand and positive sentiments among buyers, with the number of inquiries and people resuming their housing research growing every week. We expect that as the economy continues to reopen, buyers will regain confidence in their financial stability and capacity to buy.

**************************

NATIONAL HOMES

Deena Pantalone
Principal

We have taken the COVID-19 situation very seriously, with offices open only via video or telephone. Now that the provincial government has opened up construction, we will continue to put the safety of our employees and our buyers first with strict protocols and social distancing.

Construction servicing is beginning at The Forest in Bradford, and in Brampton at Three Rivers Claireville. We are also beginning to book design studio appointments for this summer, with an even more personal, one-on-one approach to keep us all safe and healthy.

The demand is clearly still there for real estate. If anything positive can be said to have come from COVID-19, it’s that this virus has refocused our attention on the importance of our families, and the homes we live in.

Many people just need more from their residence; more space, different features, or even a different neighbourhood. That’s why we expect to see a strong market come back later this summer and fall. In fact, we have two new communities we are working towards launching, in Burlington and in Courtice, and we are incorporating unique features and technology that we believe people will want post-pandemic. So, homebuyers should look forward to not just new launches, but new innovations.

From recycling to renewable materials to energy-efficient features and Green products, to innovative new prefabricated wall systems, National is helping our buyers reduce their “Greenprint.

**************************

Pinnacle International

Anson Kwok
Vice-President, Sales & Marketing

The market definitely took a quick pause to look both ways but people are now back to crossing the street, which is positive for the marketplace. Our construction teams were active and our projects continue to rise.

Pinnacle has a diverse offering of projects that can suit any prospective homebuyer. We have four active constructions sites and pre-construction developments, so there are opportunities to move in as early as this fall to the next five years. These master-planned communities are located in desirable neighbourhoods in Toronto, Etobicoke and Mississauga.

**************************

Regal Crest Homes

Art Rubino
Contracts Manager/Marketing Manager

Construction has never stopped for us since the province declared residential construction as an essential service. New construction starts only follow up last year’s sales. The real story will be the coming weeks, as we slowly open up sales offices.

We are here to fulfill homebuyers’ dreams, and with interest rates still so low, it’s an excellent time to buy.

**************************

Solmar Development Corp.

Angela Marotta
Director of Marketing and Sales

We are fortunate that our current projects are more than 80 per cent sold, as we launched well before COVID-19. The other projects we have coming up are still in preliminary stages, however they have been pushed back as consultants and city officials have yet to resume full-time scheduling. We are focusing on the planning process for Park Avenue Tower 3, and Bellaria Phase 2 in Vaughan, as they’ve been delayed.

We are continuing with the construction of Edge and Oro towers in Mississauga and Park Avenue towers 1 and 2. Our goal is to catch up and get our purchasers moved in. Many of them are renting, so this investment is giving them something to look forward to. It’s evident that as other markets show so many variables and uncertainties given the current climate, real estate remains a secure investment.

**************************

Tridel

Samson Fung
Vice-President, Marketing

We were fortunate to be able to continue construction and delivering homes to our homeowners. We implemented strict enhancements to our health and safety protocols on our construction sites to help safeguard the well-being of our employees and the communities we’re building, and these will remain in place as things begin to open up. Generally, we remain optimistic and see the industry as a whole preparing to adopt new measures and stabilize within this new environment. We’re proud of our efforts over the last few months, and our resilience as we come back stronger as leaders in both real estate and construction, and we’re looking forward to a strong finish in 2020.

As we move into the second half of 2020, we’re eagerly preparing to bring new communities to the marketplace. In the meantime, our design appointments and pre-delivery inspections with homeowners have continued through the spring and we’re looking forward to welcoming our homeowners back when we can. This new era forced us to be innovative in a different way. We are putting new safety measures in place for all of our customer-facing environments and discovering new ways to connect with our audiences. Our new digital experience, called Tridel Live, brings more information directly to the consumer; from a live chat with our sales team and virtual tours of our model suites, to access to more digital assets for our sales team, and more. This is just the beginning of a new way of meeting our clients’ needs and finding new ways to meet them.

**************************

SHARE  

Featured Products


model_home_feature_may2020_menkes_glen_ashton_fi

Glen Ashton Estates by Menkes Developments is a home for everyone to enjoy

Latest News


Glen Ashton Estates by Menkes Developments is a home for everyone to enjoy

Spending a great deal of time in your home these days might have you thinking about what you want to get out of your living space – more storage? Efficiency? Perhaps you want it to feel brighter? It’s amazing how much of an impact our environment can have on our mood, and during these challenging times our home is more important than ever before. It’s also our office, our school, our gym, and so much more.

The Livingston model home in Glen Ashton Estates, Menkes‘ latest residential development in Oakville, can provide inspiration for anyone looking to make their home a place consisting of comfort, functionality and style. Designer Gordana Car produced an awe-inspiring design for this spacious model home. Inspired by a modern farmhouse look – a design which has proved to be appealing to many different types of buyers – the interior design combines the modern and contemporary, with the country chic. With a neutral colour scheme (including a natural stained hardwood and white walls), simplicity in decor was meant to bring serenity to every room, something we all crave these days. To keep the design looking timeless yet on-trend, Car paired clean lines with black metal industrial light fixtures and hardware.

Both the layout and design of the home are functional and suitable for so many types of families. In this particular model, Car added a convenient home office to serve as an efficient workspace. The functionality of every room was integral to the overall design. This included lots of comfortable furniture for lounging around and plenty of storage.

MENKES DEVELOPMENTS

Glen Ashton Estates in Oakville

Interiors styled by Gordana Car Design.

Visit the website for further information.


SHARE  

Featured Products


Local Focus - Toronto

Toronto – in demand and on the rise

Latest News


Toronto – in demand and on the rise

Largely considered the pinnacle of the condo boom we’re seeing these days, Toronto still does boast some good lowrise home options. Supply and pricing of those homes, however, is another matter.

That’s what happens when you combine a strong economy and rising population with limited new and resale home supply.

Indeed, the Toronto Regional Real Estate Board (TRREB) is forecasting at least 10-per-cent price growth in the GTA this year to $900,000, up from $819,319 in 2019. And on the new home side, 2020 began on a strong note, with 2,106 total new home sales in January, up 65 per cent from January 2019 and 14 per cent above the 10-year average, according to the Building Industry and Land Development Association (BILD). The benchmark price for new single-family homes was $1.09 million.

Booming economy

“Toronto’s booming economy has brought with it housing affordability challenges that will continue throughout the next decade,” says Frank Clayton, senior research fellow, Ryerson University’s Centre for Urban Research & Land Development.

“Both the provincial and municipal governments must support a massive increase in the supply of all types of housing and tenures as priority number one and quickly transform the land use planning system to make this happen.”

Long considered one of the most multicultural cities in the world, Toronto boasts a collection of distinct communities, including East York, North York, Scarborough and Etobicoke.

Some of these areas, in fact, now represent areas of growth for new lowrise housing, given that larger master-planned communities of single-detached homes are fewer and farther between. Much of the focus now is on the socalled missing middle, those smaller developments such as townhomes that represent a real opportunity for new ground-oriented homes in the city.

Culture and entertainment

Find a way to buy and live in Toronto, however, and you likely will love it.

Toronto offers a vast array of culture and entertainment options, from the National Ballet of Canada, Toronto Symphony Orchestra, to the Art Gallery of Ontario, Royal Ontario Museum and more.

For the sporting sort, Toronto has a handful of pro sports teams – the Toronto Maple Leafs, Toronto Raptors, Toronto Blue Jays, Toronto FC and Toronto Argonauts – and is home to the Hockey Hall of Fame.

The Toronto International Film Festival (TIFF) is an annual event celebrating the film industry and attracts many movie stars and a-list players. And the Toronto Caribbean Carnival, formerly known as Caribana, attracts more than one million people every summer.

Other points of interest include the Toronto Zoo, the Ontario Science Centre, Harbourfront, Fort York, the Distillery District, Ripley’s Aquarium, the CN Tower and the Canadian National Exhibition.

And of course, as a large metropolitan city, great shopping areas include the St. Lawrence Market, Kensington Market, the Toronto Eaton Centre, Sherway Gardens and Yorkdale Mall.

Though a subject of some debate due to the challenges with keeping up with all the growth, transit and highway infrastructure is undergoing major expansion all over the city. The TTC moves almost two million people throughout the city every day on subway, buses, streetcars and LRT lines, while GO Transit links Toronto with the surrounding regions of the GTA. Highways include the 400 series (401, 403, 404, 407 and 427), the Don Valley Parkway and the Queen Elizabeth Highway.

Location, location, location

This provincial capital of Ontario and the most populated city in Canada is located on the shores of Lake Ontario; Population 2,954,024

Key landmarks

  • CN Tower
  • High Park
  • Ontario Science Centre
  • Ripley’s Aquarium
  • Toronto Eaton Centre

Select housing developments

East Station by Mattamy Homes

Fairfield Towns by Plaza

Lake & Town by Menkes

Origins of Don Mills by Mattamy Homes

Terraces at Eglinton by Nascent Developments

The Belmont Residences by Caliber Homes

The New Lawrence Heights by Context Dev. Inc.

The New Lawrence Heights by Metropia

Twelve on the Ravine by Geranium


SHARE  

Featured Products


Local Focus - Oakville & Burlington

Oakville & Burlington are on the leading edges of the GTA

Latest News


Oakville & Burlington are on the leading edges of the GTA

Long gone are the days when Oakville and Burlington, neighbouring locations off the northwestern shores of Lake Ontario, were sleepy suburbs on the outskirts of the GTA. Expansion in highway and transit infrastructure, economic and employment growth and new housing development are all contributing to what today are booming, self-sustaining, destinations.

Such growth and development also mean rising home prices, as these two markets are forecast to be among the hottest in Ontario this year.

Blessed locations

Blessed with strong natural locations close to the lake, the QEW, Dundas Street West and Hwys. 403 and 401, getting to and around Oakville and Burlington has never been a challenge. But recent improvements to transit service and highways have afforded even easier movement for businesses and residents.

Such growth has contributed to increasingly diverse local economies, strong in automotive and manufacturing, but not overly reliant on any one sector.

Besides being close to Lake Ontario to the south, and the Niagara Escarpment to the north, Burlington is also home to the Royal Botanical Gardens. It boasts more than 2,700 acres of gardens and nature sanctuaries, the world’s largest lilac collection and three on-site restaurants.

Down by the lake, the recently renovated Spencer Smith Park hosts an array of annual free festivals, including Canada’s largest Ribfest, the Sound of Music Festival, Children’s Festival and Lakeside Festival of Lights.

Similarly, Oakville boasts 3,500 acres of parkland, more than 300 kilometres of trails and more than 200 parks, gardens, off-leash dog parks, playgrounds, skateboard parks, splash pads, sports fields, tennis courts, two harbours and 31 waterfront parks.

For cultural pursuits, Oakville has the Oakville Centre for the Performing Arts, and the Downtown Oakville Jazz Festival is an annual summer event that features a number of stages along Lakeshore Road East. The Waterfront Festival takes place in Coronation Park, including amusement rides, arts and crafts, food and drinks, concerts and nightly fireworks displays.

With so much development underway, it’s no surprise that more people are moving west – particularly those looking for more affordable homes than in Toronto. Residence here, however, has its price: Oakville is now one of the GTA’s priciest housing markets. Burlington is seeing its own home price growth spurt, though it is notably more affordable.

Burlington, in particular, is undergoing a change of sorts. In the 2018 municipal elections, residents voted in Marianne Meed Ward as new mayor, notably on her promise to address their concerns about over-intensification and development.

Location, location, location

  • Oakville population 192,832; Burlington 185,000, located in Halton Region at the northwestern end of Lake Ontario
  • Oakville distance from Toronto, 38 kms; Burlington, 60 km

Select housing developments

OAKVILLE

5North by Mattamy Homes

Bronte Meadows by Flato Group

Glen Ashton Estates by Menkes

Ivy Rouge by Rosehaven Homes

Ivy Rouge by Starlane Home Corporation

The Preserve by Mattamy Homes

Upper Joshua Creek by Mattamy Homes

White Oaks Ravine by Dunpar Homes

BURLINGTON

Mountainview Heights by Greenpark Group

Mountainview Heights by Starlane Home Corporation

The Towns at Valera by Adi Developments

Tyandaga Heights by National Homes

StationWest Towns by Adi Developments


SHARE  

Featured Products


Festival

There’s a party going on at Festival, the latest highrise residential community by Menkes and QuadReal

Latest News


There’s a party going on at Festival, the latest highrise residential community by Menkes and QuadReal

You may have heard there’s a party going on right here, and it’s happening in Vaughan Metropolitan Centre (VMC), at Festival, the latest highrise residential community by Menkes and QuadReal.

Courtyard and retail shops and restaurants at Festival Condominiums. Illustrations are artists' concepts only.
Courtyard and retail shops and restaurants at Festival Condominiums. Illustrations are artists’ concepts only.

A new urban centre is forming in the 905, in one of the fastest growing cities in Canada, and what is already the largest employment centre in York Region. It’s dynamic, lively, and completely changing the face of Vaughan. Right at the heart of it, you will find Festival, the latest project by Menkes Developments and QuadReal Property Group.

Situated in downtown Vaughan’s new South VMC, Festival will feature four condominium towers varying in height from 40 to 59 storeys, two of which will be the tallest in VMC. The four-tower community will encompass more than 85,000 sq. ft. of retail onsite – a spectacular array of dining, shopping, entertainment, and lifestyle offerings, making this highly-coveted community a place where residents of all ages will get the best of urban living. Vaughan is building a world-class skyline without compromising its vision for an urban, transit-oriented, Green, and people-focused downtown.

Vaughan Metropolitan Centre Subway Station. Image courtesy of the City of Vaughan. Illustrations are artists' concepts only.
Vaughan Metropolitan Centre Subway Station. Image courtesy of the City of Vaughan. Illustrations are artists’ concepts only.

Spanning over 440 acres, VMC is one of Canada’s largest new master-planned communities. Once complete, it will include 1.5 million sq. ft. of new office space, 750,000 sq. ft. of retail and will be home to 25,000 residents. A true live, work, play urban centre, it will include numerous restaurants, shops, and entertainment, and already neighbours some of the city’s biggest tourist attractions, such as Canada’s Wonderland and Vaughan Mills shopping centre.

“We’re so pleased to launch Festival, our second development in VMC, and build on the success we had with our first site, Mobilio,” says Jared Menkes, executive vice-president, High Rise. “With both projects, we’re catering to every type of family and lifestyle. Festival will take urban living to the ultimate level. We have plans for unprecedented indoor and outdoor amenities; the community will be something condo dwellers have never experienced before. At the same time, with the substantial growth that VMC is experiencing, it will also fulfill the area’s fundamental need for more density.”

Retail frontage along Highway 7 at Festival Condominiums. Illustrations are artists' concepts only.
Retail frontage along Highway 7 at Festival Condominiums. Illustrations are artists’ concepts only.

Connectivity will be central to Festival residents. Just steps away is the new VMC transit hub, which is accessed by Viva, Zum and York Region buses. Vaughan is currently the only city outside of Toronto that has subway service. From the VMC subway station, passengers can easily travel downtown in 45 minutes and students and faculty of York University’s major campuses can enjoy an effortless commute of only six minutes. Festival is also conveniently situated at Hwys. 400 and 7, providing excellent accessibility to the entire GTA by car. For jet-setters, Toronto Pearson International Airport is just a short 15-minute drive away.

Smart and sustainable, Vaughan is certainly about more than just transportation connections. The city will be the first to pilot the Smart Cities standard, an international benchmark that deals with certain subjects such as energy management, water quality and intelligent transport systems. Festival will also offer future residents a connection to nature. The new and exciting community’s expansive property will encompass open greenspace, cycling and walking paths, and attractive gathering spaces to foster relationships among residents. South VMC will also be home to a new 17-acre park, connecting all of the communities in the area and cultivating an intimate neighbourhood feel.

With VMC set to become the destination of choice, don’t miss out on the opportunity to live at Festival. Register online today and be a part of a celebration to last throughout the years.


SHARE  

Featured Products


cl_jan20_2020_prediction_jared_menkes_fi

Outlook 2020 – Jared Menkes, Executive Vice-President, Menkes High Rise

Latest News


Outlook 2020 – Jared Menkes, Executive Vice-President, Menkes High Rise

Part of our series of Outlook 2020 Q&As with building industry executives

Condo Life: What is the outlook for the new home industry in 2020?

Menkes: This year will continue to be a year of low supply and high demand, which will keep housing prices high, especially in prime locations. Overall, the 905 has experienced the largest growth, and will continue to grow, however the largest demand continues to be for housing along mass transit. Vaughan, in particular, will continue to be a very desirable location.

Housing supply will continue to fall short of meeting demand. RBC reported that Toronto CMA needs 22,000 new rental apartments and rented condominium units per year to satisfy demand between 2019 and 2023.

RBC also says that even if we anticipate that 70 per cent of all new condos are rented, and we have 4,000 new purpose-built rental apartments in the GTA every year, we still wouldn’t hit that 22,000-unit mark.

Jared Menkes
Jared Menkes, Executive Vice-President, Menkes High Rise

CL: And for Menkes?

Menkes: From a highrise perspective, sales for our projects in 2019 were strong and continue to demonstrate that people desire walkable communities in proximity to transit. Sugar Wharf on the Toronto waterfront was named the bestselling condo project in Canada for 2018, then we had a top-selling mixed-density project in Vaughan with Mobilio. With that success, we’ve moved to an even bigger four-tower project nearby, which will launch this year. Our prime locations, combined with the fact the city continues to experience a housing shortage, leads me to believe that we’ll experience strong sales in 2020.

CL: What is your company doing to address the issues facing the homebuilding industry – namely, affordability and new home supply?

Menkes: With many families priced out of the downtown core, they’re looking for more affordable options in the 905. At Mobilio, one of our most recent projects in Vaughan Metropolitan Centre (VMC), we’re offering a mix of housing types on one site, so we’re catering to every type of family and lifestyle. Since the community is close to Vaughan’s new subway station and all that VMC will offer over the next decade – including offices, shops and restaurants – we’re also fulfilling the desire to live in an urban setting at a more affordable price than downtown.

As the largest employment centre in York Region, Vaughan is becoming an increasingly desirable option for both young professionals and families. Festival, our latest highrise project in VMC, will be a four-tower community which will fulfill the area’s fundamental need for more density.

Clearly, family-friendly condos are an increasingly important segment in the market. Menkes will continue to deliver projects that offer familyfriendly amenities such as playrooms, entertaining spaces and co-work areas.

Townhomes, such as the ones we launched at Mobilio in Vaughan, are also offering families a more affordable option in an urban setting. We will continue to offer more townhomes with our Lake & Town project that will be coming to South Etobicoke this year.

CL: What more could the industry do to address these issues?

Menkes: We need a healthier, more balanced market. People don’t have choices right now. The City and Province need to take a look at getting more supply on the market, and developers simply need to continue to build more product. Regardless of whether new housing is “affordable,” more supply will eventually lead to lesser discrepancy between supply and demand, and therefore reduce costs in the long run.

CL: What should prospective new-home buyers know about your company for 2020?

Menkes: Our reputation speaks for itself, but if buyers want to know the quality of a Menkes building, they can tour one of our buildings themselves. We are very proud of all our projects and believe the best way for buyers to educate themselves on builders is to actually see their work.

CL: Why should prospective new-home buyers consider buying from your company in 2020?

Menkes: There has increasingly been a flight to quality by prospective homeowners, opting for brands they know and trust, and we are fortunate to be one of those brands. We have reputation as one of Toronto’s top builders because not only do we take pride in the quality of our work, but we continue to deliver. We take it very seriously that people are investing their life savings with us.

Also, it’s important for builders to be innovative and to shift as homeowner needs and trends change. We have done this in the past – as we saw the trend to more families living in highrise buildings – and we will continue to do so.

We also manage our projects, which puts us at an advantage because we have the opportunity to get daily feedback on the management and operations of our buildings, and we strive to continuously improve.

Special Report: Outlook 2020

Outlook 2020 – 5 things you need to know about real estate this year

Outlook 2020 – Angela Marotta, Director of Sales & Marketing, Solmar Development Corp.

Outlook 2020 – Anson Kwok, Vice-President Sales & Marketing, Pinnacle International

Outlook 2020 – Samson Fung, Vice-President Marketing, Tridel

Outlook 2020 – Samson Fung, Vice-President Marketing, Tridel

Outlook 2020 – Nick Carnicelli, President, Carriage Gate Homes

Outlook 2020 – Fan Yang, Deputy General Manager, Aoyuan

Outlook 2020 – Jordan DeBrincat, Director of Operations, Altree Developments

 

SHARE  

Featured Products


Local Focus: Oshawa & Whitby

Is Oshawa & Whitby the next hot new destination?

Latest News


Is Oshawa & Whitby the next hot new destination?

As prospective homebuyers have looked outside the Toronto core in search of more affordable lowrise homes in recent years, most of them have headed to Hamilton, Burlington, Milton and other points west.

This migration may soon change.

“The west end of the GTA has a greater diversity of communities that are attracting a diverse range of buyers,” Christopher Alexander, executive vice-president, ReMax of Ontario-Atlantic Canada, told HOMES Magazine earlier this year. “In the past 10 years, there has been significant focus on the growth and development of these regions, whereas historically, Durham has not traditionally been viewed in this same regard. With the boom in areas towards the east, like Prince Edward County, and the affordability leveling out, we will likely see the tide begin to turn.”

So, there you go, homebuyers – keep an eye on Whitby, Oshawa and other parts of Durham Region.

Economic diversity

And don’t let any potential uncertainly over General Motors Canada’s announcement late last year that it would close its Oshawa assembly plant. Oshawa, and other points in Durham, are about a lot more than one company.

“(The) employment sector in Oshawa has been shifting for some time, and Oshawa has healthily diversified to add technology, educational institutions, healthcare, administration and many professionals to its offerings of great jobs and companies in the market,” says Christian Huggett, vice-president, development, at Podium Developments. The company has a number of townhome developments in the city.

“(The GM news) not altered our plans,” he says. “We continue to believe that the outlook is bright for home sales in North Oshawa, buoyed by its proximity and relationship to schools, the 407 network, the significant growth occurring and planned for North Oshawa.”

ALSO READ: What we can learn from the looming GM closure in Oshawa

Location just east of Toronto along Hwy. 401 is among the reasons Whitby and Oshawa draw attention. With Whitby just 59 kms from Toronto and Oshawa 62, commuting is a real option – particularly with recent GO Transit improvements and the expansion of Hwy. 407.

Durham Region Transit connects with the other cities in the region, including Pickering, Ajax, Clarington, Brock and Uxbridge. The 401 runs through the south of region, Hwy. 7 runs across its northern edge and the Hwy. 407 extension to Hwys. 35 and 115 across the top of Durham Region.

Translation? Getting to, from and around Durham is getting increasingly easy, which makes living here and working elsewhere a real possibility.

Expanding attractions

As with any growing municipality, Whitby and Oshawa also offer expanding amenity and retail options. The Oshawa Centre, for example, is the largest shopping complex in Durham and is home to more than 230 outlets. And in downtown Oshawa, of course, there’s a variety of unique shops and restaurants.

In Whitby, Pearson Lane is a historical development that houses boutiques, cafes and services.

Nature is also front and centre, as Oshawa is home to wildlife preserves such as the Pumphouse Marsh, Second Marsh and McLaughlin Bay Wildlife Reserve. Oshawa Botanical Gardens boasts North America’s largest contemporary peony collection.

In Whitby, more than 100 parks more than 60 kilometres of trails, including the Bio-Diversity Trail, the Cullen Central Park Trails, Otter Creek Trail and the Whitby Shores Waterfront Trail, await residents. The 670-acre Lynde Shores Conservation area is known for its wildlife and provides habitat for nesting birds.

Location, location, location

  • Located east of Toronto in York Region, Durham forms the east end of the GTA. Whitby 59 km from Toronto, Oshawa 62 km. Durham population 645,862; Oshawa 159,458; Whitby 128,377.

Key landmarks

  • Lynde Shores Conservation Area
  • Oshawa Botanical Gardens
  • Oshawa Centre
  • Tribute Communities Centre

Select housing developments

OSHAWA

Eastmore Village by Delpark Homes

Ironwood by Podium Developments

O North Urban Towns by Greycrest Homes

Symphony Towns by Marlin Spring

Winchester Estates by Menkes Developments

WHITBY

Park Vista by Paradise Developments

Park Vista by Fieldgate Homes

Station No. 3 by Brookfield Residential

The Hamptons at Country Lane by Heathwood Homes


SHARE  

Featured Products


Builder Profile: Menkes

Condo living has it all with Menkes communities

Latest News


Condo living has it all with Menkes communities

Gone are the days when the only gold standard for homeownership was the house in the suburbs with the white picket fence. Today many young families are setting their sights on highrise urban living, where their kids have exposure to arts, culture, and more! They can experience all that city life has to offer, and at the same time have plenty of room to play.

Enter Menkes, one of the first developers to introduce a children’s playroom as an amenity space, when it launched The Eglinton Condominium in 2014. Today – after successfully introducing both indoor and outdoor children’s spaces at its Harbour Plaza community in 2018 — the developer has even grander plans for condo living that will cater to children of all ages.

While condo living once posed challenges to residents with large families or young children, the company’s latest condo projects will elevate your ability to entertain.

Hobby room, Sugar Wharf Residences
Hobby room, Sugar Wharf Residences
Theatre, Sugar Wharf Residences
Theatre, Sugar Wharf Residences

Sugar Wharf Condominiums, part of an 11.5-acre community on Toronto’s waterfront, will offer future residents with kids a list of amenities that rivals any children’s facility, and completely eliminates the hassle of bundling them up in cold weather, in search of local indoor entertainment. Residents will have access to a hobby studio, an arts and crafts room, a music room, virtual reality space, and children’s playroom. There will also be plenty of storage close to your suite to store gear and sporting equipment.

Mobilio Community
Mobilio Community

Mobilio, Menkes’ upcoming community in Vaughan Metropolitan Centre, which will include a combination of condos and townhomes, is also being developed with families in mind.

“We have really considered every member of your family right down to your pets,” says Jared Menkes, executive vice-president, highrise. “Mobilio will include a convenient petwashing station. I am also very excited about the park aspect of this project. We will have the linear park connecting all the projects together on this block and on future blocks, that provide trails and exciting ways for families to stay active.”

Indoor playroom, Mobilio
Indoor playroom, Mobilio

Mobilio will be anchored by an almost 40,000-sq.-ft. linear park, part of Vaughan’s Black Creek Renewal project, which upon completion, will establish a series of promenades, plazas and parks, spanning more than 30 acres. The community also includes attractive gathering places, walking paths and family-friendly play areas. In cold weather, families can take advantage of Mobilio’s equally family-friendly indoor playroom.

When it comes to amenities, Menkes has carefully considered everything a family would get out of living in a single-family home, and incorporates these aspects into its condos. For those who enjoy entertaining, there are sophisticated party rooms with kitchens and bar areas, and landscaped terraces equipped with barbecues.

You enjoy a quiet night in? Sugar Wharf Condos will include a state-of-the-art theatre and games lounge. And if you enjoy staying active, it will have a fitness centre with separate weight, virtual and yoga studios.

There is no doubt that with Toronto experiencing a housing shortage, and many families priced out of the single-family housing market in urban centres, condo living will continue to be the way of the future. Whether you’re looking to start your family, grow your family, downsize, or retire, Menkes offers condo amenities that will cater to every family, and every lifestyle.

Menkes Developments

For further information visit the website.


SHARE  

Featured Products


Fleur

Fleur is a beacon of fashion, art and culture

Latest News


Fleur is a beacon of fashion, art and culture

Toronto’s downtown core is vibrant, diverse and lively, appealing to a variety of people and lifestyles. With the downtown population expected to double to more than 500,000 over the next 25 years, the city is poised to continue its upward trajectory as a destination for investment.

One area in particular that’s attracting both retailers and developers alike is the City’s Garden District, located just east of Yonge, from College to Queen Street. The area has really “blossomed” over the last few years, and at the heart of it you’ll find Menkes‘ Fleur Residences.

With a Walk Score of 99 and a perfect Transit Score of 100, Fleur offers residents seamless access to the city’s premier dining, shopping and cultural destinations. In a city where traffic congestion is a growing frustration, everyone wants the luxury of living close to public transit, and Fleur is set between two major subway station stations, Queen and Dundas. In fact, the building neighbours the lively Dundas Square, a magnet for musical acts, cultural events and entertainment.

Yonge & Dundas
Yonge & Dundas

Set at the epicentre of retail and style, Fleur is every shopaholic’s dream come true. The building is located just steps away from North America’s most popular mall, CF Toronto Eaton Centre, home to world-renowned retailers such as Saks Fifth Avenue and Nordstrom. The popular tourist destination underwent a massive revitalization, and over the last several years, introduced a number of new high-end international retailers to its eclectic mix. There has been an influx of foreign retailers to the area, further confirmation of the neighbourhood’s international appeal. The east side of Yonge Street is cast with a remarkable range of independent shops, boutiques, restaurants, and cafes.

Suite Interior
Suite Interior

The sleek 32-storey tower puts you within a five-minute walk to the Elgin & Winter Garden Theatres, stacked, magnificently restored treasures, and a four-minute walk to the historic Massey Hall. Toronto consistently ranks among the top three cities in the world for live theatre.

Dining Room
Dining Room

Living at Fleur will also be a foodie’s paradise, close to some of the best cuisine the city has to offer, such as popular dining spots like Canoe, Cactus Club and Hy’s Steakhouse, all within 10 minutes of the building. Also, a short 10-minute stroll south, is Toronto’s world-famous St. Lawrence Market, where you will find an overwhelming array of fresh produce, meats, seafood, and delicacies offered by countless vendors, bakers, and artisans.

CF Toronto Eaton Centre
CF Toronto Eaton Centre

To add to the long list of things to see and do in this interesting and diverse neighbourhood, Nathan Phillips Square, at the foot of Toronto’s iconic City Hall, is also minutes away. The Square is home to some of Toronto’s best farmers markets, concerts, art exhibits, holiday celebrations, and more. In winter, the reflecting pool transforms into a public skating rink.

Co-Work Lounge
Co-Work Lounge

Close to the action on Yonge Street, yet quietly sheltered, Fleur’s tower ascends from a unique three-storey glass and stone podium. Designed by the talented local firm architectsAlliance, a subtle garden theme welcomes residents as they approach the striking tower, which much like its community, stands as a symbol of fashion and art. Inspired by the surrounding Garden District, the architects designed a stone element in the tower’s base along Church Street to imitate the monolithic stone of the neighbourhood’s nearby cathedrals.

Urban Torontonians with busy lifestyles desire a home where they can relax and unwind, but also enjoy the best the city has to offer. Fleur is unique in that it’s at the centre of the excitement of the downtown core, yet nestled in the Garden District, which also retains a more peaceful vibe.

For anyone looking for all the conveniences of downtown living wrapped into one phenomenal location, Fleur Residences is your ideal home. For more information visit the Menkes Store, located at 110 Harbour St, Unit 106, call 416.591.7700 or visit the website.


SHARE  

Featured Products