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Local Focus - Toronto

Toronto – in demand and on the rise

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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


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Local Focus - Oakville & Burlington

Oakville & Burlington are on the leading edges of the GTA

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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


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Festival

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

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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.


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

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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

 

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Local Focus: Oshawa & Whitby

Is Oshawa & Whitby the next hot new destination?

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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


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Builder Profile: Menkes

Condo living has it all with Menkes communities

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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.


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Neighbourhood Watch: South Core

South Core is lively, lakefront, prized and prestigious

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South Core is lively, lakefront, prized and prestigious

If a lively and active downtown lifestyle is what you’re after, check out Toronto’s South Core. It might also help if you work in the nearby financial district, as residency in this prestigious neighbourhood has its price.

So-called for its proximity to the downtown core but, obviously south… from the railway lands to Lake Ontario, and bounded on the west by Lower Simcoe Street and on the east by Lower Jarvis Street.

Indeed, Toronto is blessed with a prized waterfront location, which in recent years has seen billions of dollars in development, from public spaces to new residences to new commercial and retail opportunities. And the South Core is a prime example of this growth.

Looking northwest from the common terrace at Menkes' Harbour Plaza.
Looking northwest from the common terrace at Menkes’ Harbour Plaza.

Sustainable and connected

Consider, for instance, the Southcore Financial Centre (SFC), a major mixeduse, sustainable complex. Designed to exceed the expectations of today’s globally connected businesses and sophisticated urban travelers, SFC comprises two striking LEED Gold certified office towers totaling 1.4 million sq. ft. and The Delta Toronto – a premium four-star, 560- room, next generation hotel.

Or One York Street by Menkes Developments, a 35-floor, 800,000- sq.-ft. Class AAA building at York and Harbour targeting LEED Platinum certification.

The sustainability and connectivity of these projects typify the redevelopment underway in the South Core. Both buildings boast direct and enclosed access to the PATH to Union Station for TTC, GO Transit the UP Express and more, and beyond through Toronto’s underground network. Within easy walking distance are landmarks such as Scotiabank Arena, the Rogers Centre, Ripley’s Aquarium of Canada, world class restaurants and the city’s Entertainment and Theatre districts.

Then there’s Maple Leaf Square, a multi-use complex and public square next to Scotiabank Arena, with a newly expanded video screen for live outdoor public broadcasts of Leaf and Raptors games, and home to Real Sports Bar & Grill, one of North America’s largest sports bars.

Residential opportunities

But the South Core isn’t all about office towers and commerce, as residential opportunities are also part of the development. New condominiums have sprouted up, along with the office towers, including Harbour Plaza by Menkes Developments, located at 88 Harbour St. and 100 Harbour St. Here, along with similar connectivity to the underground PATH, residents enjoy a 30,000-sq.-ft. health club, outdoor terrace with tanning deck and other top-drawer amenities.

Also nearby, slightly to the west at Spadina, is CityPlace by Concord Adex, one of the first major condo developments in the area.

Now that the west and central portions of the waterfront are well along in development, and you can’t go any further south into the lake, condo growth is spreading east. Menkes has Sugar Wharf Condominiums at Sugar Beach, and Tridel is building Aqualuna at Bayside, at Merchants Wharf and Queens Quay East.

And then, a little further east and perhaps a few years down the road, there’s the proposal for Sidewalk Labs, the 12-acre, smart-city site at Quayside, which is planned to include a mix of housing types, public spaces and other high tech amenities.

Location, location, location

South from the railway lands to Lake Ontario, bounded on the west by Lower Simcoe Street and on the east by Lower Jarvis Street

Key landmarks

  • Harbourfront
  • Maple Leaf Square
  • Queen’s Quay Terminal
  • Redpath Sugar Refinery
  • Ripley’s Aquarium of Canada
  • Scotiabank Arena
  • Southcore Financial Centre
  • The Power Plant Art Gallery

Select condo projects

162 Queens Quay by Empire Communities

Aqualuna at Bayside by Tridel

Harbour Plaza by Menkes Developments

One Yonge Condos by Pinnacle International

Sugar Wharf by Menkes Developments

Ten York by Tridel


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Fleur

Fleur is a beacon of fashion, art and culture

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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.


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Interview: Kimberly Sears of Menkes

A chat with Kimberly Sears of Menkes Developments

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A chat with Kimberly Sears of Menkes Developments

Kimberly Sears is director of condo rentals for Menkes Developments and oversees the company’s Rental Suite Management division.

Kimberly has a background in hospitality and more than a decade of experience in real estate investment management.

Condo Life: Menkes offers condo owners rental management services… What does that entail?

Kimberly Sears: Menkes Rental Suite Management offers a full range of landlord services to owners renting out their suites. We want to be there for our purchasers, rather than just walk away after delivery, and we noticed a real demand for landlord assistance from our purchasers.

CL: What are some of the services you offer?

KS: We offer condo owners a wide range of services, including assistance with leasing, tenant screening, accounting, insurance claims, sourcing affordable repairs and HST rebates. We also help coordinate moves. We have an online 24-hour portal with access to each unit’s accounting and statements. In some circumstances, we also help mediate difficult situations between owners and tenants, helping determine each side’s responsibility to the other.

Harbour Plaza Penthouse
Harbour Plaza Penthouse

CL: What’s the benefit to using these services over dealing directly with the tenant?

KS: Owners get the benefit of a professional and knowledgeable team overseeing their investment, like a financial planner does with an investment portfolio. We also extend full privacy so owners can remain anonymous should they choose. Owners can feel more relaxed about their investment. We’re also familiar with the trades, warranties and have access to some of the best service pricing.

CL: What are some of the biggest challenges that homeowners face when renting out their suites?

KS: Inexperience, lack of resources and time. Most people already work full time, and being a landlord is a huge commitment, so this allows condo owners to be more hands-off and enjoy what little free time they have.

Finding the right tenant can also be challenging, so we provide some guidance in that area and alert our owners of possible red flags to look out for. The Residential Tenancies Act (RTA) in Ontario is very pro tenant and rather strict on the landlord’s rights and responsibilities, so you really want to ensure you choose the right tenant.

CL: What are some of the ways to avoid or overcome these challenges?

KS: Hire a professional service. You hire an accountant to do your taxes, a hairdresser to do your hair and a mechanic to fix your car, and purchasing a home is one of life’s biggest financial investments, so it’s definitely a good idea to work with a professional. Do you really want to take a risk on such a large asset?

CL: What’s something you think people often forget to consider when renting out their suite?

KS: It’s important to be aware that your tenant is not responsible for everything, so you need to assume general wear and tear to the unit. I suggest budgeting some of your rental income for maintenance and repairs – five per cent for units less than two years old, and 10 per cent for units that are three to 10 years old.

Try not to be short-sighted or stubborn when it comes to setting rental fees. Remember that vacancy can cost you more than a lower rent.

It’s also important to note that the rental rate is not established based on your monthly payments, but off the market, which changes monthly.

CL: What’s the biggest misconception about condo investors?

KS : People assume that condo investors are foreign investors, when more often than not, this isn’t the case. In our experience, 80 per cent of our management properties are owned by Ontarians. Quite often, these individuals are the average person; someone who saved up to make their first investment purchase, teachers planning a retirement or parents investing in a place for their children.

We are so grateful that people trust us with their biggest asset and we want to make it successful for them.

Visit Menkes Rental Suite Management for more information or call 416.775.7500.


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The Eglinton

Menkes welcomes homeowners to their elegant new building at The Eglinton

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Menkes welcomes homeowners to their elegant new building at The Eglinton

Nestled in the heart of Yonge and Eglinton, one of the city’s hottest, growing neighbourhoods, residents at The Eglinton are settling into their new home, Menkes‘ recently delivered midtown project.

Actual photo, January 2019
Actual photo, January 2019

The striking 34-storey glass tower designed by Giannone Petricone Associates is set on the south side of Eglinton Ave. East, at 125 Redpath Ave., just blocks from the corner of Yonge and Eglinton.

Residents are ready to live their best lives in their vibrant new community, which already boasts some of Toronto’s best entertainment venues, gourmet restaurants, boutiques, retail services, schools and corporate head offices, offering occupants the ultimate in convenience. Transit is a top priority these days and it’s easy to get to any part of the city from the building, which is close to both the Yonge TTC subway line, as well as the Eglinton Crosstown LRT, expected to open in 2021.

Children's play room
Children’s play room

Although the neighbourhood abounds with lifestyle choices, The Eglinton offers an impressive array of amenities designed by Mike Niven Interior Design, including a state-of-the-art wireless lounge with private entertainment pods featuring Wi-Fi and high definition screens, party space with dining area and gourmet catering kitchen, billiards/games room, theatre, and fully-equipped fitness studio, with separate yoga room and change room facilities.

Dining area
Dining area

The area — once commonly referred to as Yonge & Eligible due to its popularity with young single professionals — is now one of the city’s most desirable neighbourhoods, suited to any lifestyle. Recognizing the trend toward condo family living, The Eglinton was designed with families in mind. It features a colourful 400 sq. ft. dedicated kids’ room where parents and their children can escape from their suites, to explore, play and make new friends.

Outdoor terrace
Outdoor terrace

The gorgeous interior elements are matched only by the exterior landscape design, created by NAK Design Group. The Eglinton boasts a stunning landscaped outdoor terrace, featuring a sun deck, lounge seating, barbecue facilities and an outdoor dining area, all with spectacular views overlooking the homes of Forest Hill, North Toronto, or the office towers south to the Lake.

There are currently a number of elegant suites available for purchase starting from $430,990. Layouts range from 397 sq. ft. studios to a 741 sq. ft. one-bedroom plus den. Features and finishes include laminate flooring throughout, porcelain or ceramic tile floors in the bathroom and in-suite laundry area with stacked washer and dryer. Kitchens feature custom cabinetry designed by Mike Niven Interior Design, quartz countertops with ceramic or porcelain backsplash, stainless steel under-mounted sinks with single lever faucet, and brand name appliances. The master ensuite includes a custom vanity with cultured marble top and integrated sink, as well as a soaker tub.

Intersection of Yonge and Eglinton
Intersection of Yonge and Eglinton

Menkes condo rentals

There are a limited number of rentals available, including one-bedrooms starting from $2,000 per month and two-bedrooms starting from $2,500 per month. You can also take advantage of Menkes Rental Suite Management, a service dedicated to helping homeowners secure the perfect tenants for their suites and assisting with a range of services. Click here for further information and available listings on rentals, or email.

Fitness Studio
Fitness Studio

For further information, call The Menkes Store (416.591.7700), email or visit the website.


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