Tag Archives: Mississauga

Emblem Developments aims to make its mark in condo development

Emblem Developments aims to make its mark in condo development

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Emblem Developments aims to make its mark in condo development

Walking into Emblem Developments, the first thing that strikes me is the intersecting glass walls of the company’s 42nd floor Bay St. offices, which overlook the most expensive office space in Canada. I think to myself, this is no average builder. A writer in real estate for more than 20 years, I am more than intrigued, and want to learn more.

Emblem Developments aims to make its mark in condo development
Artform co-working lounge

I’m greeted by a background out of the TV show, Billions, a calm white environment, reminiscent of an art gallery, combined with the high energy of a stock trading floor. Incredible original art adorns the walls, set against a myriad of people focused on their computer screens. I can’t help but wonder, who is Emblem Developments and why have I never heard of them?

 

Emblem Developments
Artform condos south of Square One in Mississauga, by Emblem Developments 

As I sit in a comfortable boardroom overlooking the financial district of Canada, in comes the impeccably dressed Kash Pashootan, CEO and brand maven of Emblem Developments. He greets me warmly with a strong handshake and a genuine welcome. At first, I’m taken aback, maybe a little intimidated by his calm demeanour, and direct, let’s-get-to-it attitude.

Kash Pashootan, CEO and brand maven
Kash Pashootan, CEO, Emblem Developments

Pashootan is the visionary and leader of Canada’s fastest growing entrant to the condominium development market. A space for those with a keen sense of what people want and need in an ever-changing landscape. I ask him why condominium developments? He warmly smiles, and with a tone of incredible confidence replies, “We recognized that this industry would be a growth market in Canada for many years to come. As the cost of living rises, the demand for living ‘up’ will become more pronounced. This landscape, combined with $1 billion-plus of capital our investment management arm, First Avenue, manages, means we are able to take advantage of this for the benefit of our clients and firm.

“Investors want and need to be able to pursue growth in their portfolio outside of simply the stock market,” Pashootan adds. “In 2018, the stock market was down double digits and our real estate investments were up double digits. March of 2020 we saw most stocks drop as much as 30 per cent, but our real estate holdings held steady. And that makes a blue-chip investor, like myself and my clients, sleep very well at night.”

First Avenue has been featured in Wall Street Journal, Bloomberg, Globe and Mail, Maclean’s, Hong Times and Washington Post, to name a few. The company has built its reputation on its long term portfolio performance during good and bad markets.

“Managing stocks will always be a core focus for us, but first and foremost is protecting and growing the wealth of our clients,” says Pashootan. “When one’s portfolio is able to pursue growth and not have it solely reliant on stocks, given our exposure to real estate, it achieves an effective portfolio approach that up until recently only billionaire families were able to access.”

Emblem Developments has sites ongoing across Ontario, with more than 1,600 condominium units currently under construction, pre-sale and planning, in four distinct markets – Toronto, Ottawa, Hamilton and Mississauga.

“The expansion is at a rapid pace because, like most pension funds or REITs, we don’t require third party financing to acquire a new development site,” says Pashootan. “With more than $1 billion of permanent capital under our management we are able to move faster than our competitors. Which places us in a very enviable position.”

Emblem Developments has already started construction on Robinson Village in Ottawa, comprising 291 units of purpose built rental living. Style and design are the pillars the Emblem brand is built on.

“Regardless of the market we are building in, you will feel the soul behind our brand when you see the buildings or walk through them. Our brand comes through in our design and our finished product,” says Shamil Jiwani, associate director of real estate for Emblem Developments. “We are obsessed with exceptional design, recognizing that it is the main factor that determines quality of life for a homeowner.”

Shamil Jiwani, director of real estate
Shamil Jiwani, associate director of real estate, Emblem Developments

Emblem’s next project in Mississauga is no exception to this unique philosophy. The new project is aptly named Artform, and located south of Square One. Emblem has spared no expense in its creative design of a timeless, cool and luxury feel in the heart of Mississauga.

The icing on this project is that the new community will be set against the new Dundas Connects transit system, which links Dundas from Oakville to Toronto in one line.

“This is a unique and incredible opportunity for condominium buyers to get in on the ground floor of this change that is happening in Mississauga,” says Hunter Milborne of Milborne Group.

“Emblem Developments is a full-service condominium developer,” adds Raki Raoufi, vice-president of construction, Emblem Developments. “We will design, build and service all of our units, which makes us care a little more, give a little more and hope you come back for a lot more.”

Raki Raoufi, vice-president of construction
Raki Raoufi, vice-president of construction, Emblem Developments

Raoufi brings with her more than 20 years of highrise building expertise to the Emblem brand.

“The Mark of Exceptional Design” is the Emblem mantra, and it seems to be spot-on. It becomes evident very quickly that no corners are being cut with any facet of the company’s business, most noticeably the quality and commitment of the experienced professionals I spoke to.

“I love design,” says Pashootan. “There is no substitute for great design. I am passionate about Emblem creating spaces that give you that intangible feeling of you don’t know why, but ‘it feels right.’ That feeling is not achieved by what kind of floors you have or the colour of cabinets. It is achieved by how all parts of the design interact, behave and work together. Exceptional design is not just our slogan, it’s our belief as an organization.”

I leave this interview with the conclusion that: Stocks and real estate can mix well together, not all Bay Street professionals are only number crunchers, and most interestingly, that Kash is a killer but more humble than most with a fraction of his success.

With more than $1.1 billion in real estate assets, Emblem’s mindset, and the strength of an award-winning team, the developer is truly making a mark in this industry.

Cooksville - BEFORE
Artform in Cooksville, today
Cooksville - AFTER
Artform in Cooksville, tomorrow

Click here to view video.

emblemdevcorp.com

 


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An update on Dunpar Homes' communities throughout the GTA

An update on Dunpar Homes’ communities throughout the GTA

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An update on Dunpar Homes’ communities throughout the GTA

In these challenging times, Dunpar Homes remains fully committed to serving its customers safely and responsibly. Construction is continuing and is nearing completion at Dunpar’s Lake Shore Village in south Etobicoke, where homeowners have started moving in. Dunpar is also continuing to sell luxury townhouses at its Streetsville Centre community virtually, using digital technology.

At Lake Shore Village Collection, landscaping is underway and Dunpar is putting the finishing touches on this exclusive community of 73 beautiful, yet affordable, townhomes surrounded by mature trees and stately older homes.

Just a few homes remain available for sale for those aspiring to live in this gem of a neighbourhood close to shopping at Sherway Gardens Mall, schools, parks and greenspace. South Etobicoke is within the city of Toronto, consisting of Mimico, Port Credit, New Toronto and Long Branch. It is becoming a desirable place to live, thanks to its proximity to Lake Ontario and Humber Bay Park. It’s easy to get anywhere within the city from here or to more distant points, thanks to GO Transit and TTC routes servicing the neighbourhood, and its proximity to the Gardiner Expressway.

Lake Shore Village’s three-storey English Georgian Manor-style towns feature three bedrooms, two-car garages and are available in plans from 1,580 to 1,785 sq. ft. Standard features include engineered hardwood flooring in main living areas and upper hallways and nine-ft., six-in. main-floor ceilings. Dream kitchens are outfitted with custom crafted cabinetry, granite countertops and backsplash, extended height upper cabinets and undermount kitchen sinks. A luxury stainless steel appliance package is included.

The homes are within a stone’s throw of the waterfront with its kilometres of trails, sailing clubs and tranquil beaches. Residents will enjoy running, walking the dog and cycling. Five minutes away, Lakeshore Boulevard is being rejuvenated with new eateries, gourmet shops, medical services and grocery stores. Long-time neighbourhood businesses Tom’s Dairy Freeze and SanRemo Bakery & Cafe are still operating, too. Sherway Gardens and Dixie Outlet Mall are a short drive away.

Streetsville is another wonderful gem of a neighbourhood in Mississauga, dubbed “The Village in the City.” The area is named for Timothy Street, who surveyed the last piece of land along the Credit River ceded to the British government in 1818 and who was granted 1,000 acres where Streetsville exists today.

Dunpar Homes’ Streetsville Centre is a collection of 201 classic luxury townhomes just a two-minute walk from the Streetsville GO station and close to schools and recreation facilities.

Homebuyers don’t have to wait to purchase one of these exquisite two-bedroom plus den or three-bedroom townhouses in this great location, as all elements of the sales process can be completed electronically. Dunpar Homes quickly responded to the current market conditions by providing virtual tours of sites, floorplans, master plans, sales presentations, one-on-one virtual meetings and electronic document filing.

Streetsville Centre’s English Georgian Manor-inspired townhomes are spaciously designed, each with two-car garage, beautiful landscaping and many upgraded standard finishes, such as custom natural Indiana Limestone exterior accents and ledger rock Kingston Hue Stone planter boxes. Interior features include nine-ft., six-in. main-floor ceilings, nine-ft. loft ceilings and open-concept layouts, with appointments such as engineered oak flooring, Berber carpet, granite kitchen countertops and backsplash, luxury stainless steel appliances and undercabinet lighting. Ensuite bathrooms come with custom vanity, marble countertop, soaker tub and frameless glass shower door.

As well as the GO, Streetsville Centre’s residents will be able to walk to shops, services, restaurants and entertainment venues in the vibrant neighbourhood. They’ll also enjoy the convenience of being in a location in the heart of the GTA, close to major transit, highways, airports, and Mississauga and Toronto downtowns.

For more than 35 years, Dunpar Homes has been building thoughtfully designed and architecturally unique homes and communities across the GTA. It has built a reputation as a premier builder specializing in luxury townhomes with elegant design, quality craftsmanship and contemporary features. Now it’s demonstrating its ability to adapt to the evolving industry by offering homebuyers comprehensive virtual tools to help them achieve their ownership goals.

DUNPAR HOMES

For further information on Dunpar’s various new communities, visit the website.


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Dunpar Homes offers an exclusive collection of classic townhomes at Streetsville Centre

Dunpar Homes offers an exclusive collection of classic townhomes at Streetsville Centre

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Dunpar Homes offers an exclusive collection of classic townhomes at Streetsville Centre

Homebuyers at Streetsville Centre, an exclusive collection of classic townhomes by Dunpar Homes, won’t have to wait long to enjoy life in ‘The Village in the City.’

Streetsville is a prestigious pocket in the city of Mississauga with a long, colourful history. It’s named for Timothy Street, who in 1818 was tasked with surveying the last tract of land along the Credit River ceded to the British government. He was granted 1,000 acres and in 1824, the area became known as Streetsville. Modern-day Streetsville residents enjoy the community’s smalltown nostalgic charm while having all the benefits of living in bustling Mississauga, world-renowned for its arts, architecture and diversity.

Owners of Streetsville Centre’s 201 luxury townhouses will have just a two-minute walk to the Streetsville GO Station. From their neighbourhood between Mississauga Rd. and the Credit River, they can also walk to the stores, services, entertainment venues and eateries in Streetsville’s vibrant business district. As well as Mississauga’s largest collection of heritage buildings (including Timothy Street’s 1825 home), Streetsville has more than 300 restaurants, cafes and shops.

“Streetsville is a great community for all families,” says Cynthia Del Peschio, Dunpar’s manager of sales and marketing, citing the proximity to public transit, great shops and restaurants, excellent schools and recreation facilities, including Memorial Park with trails and picnic areas, and the Vic Johnston Community Centre, where people can enjoy activities year-round.

As well as old-time charm, Streetsville Centre residents will appreciate being in Mississauga’s strategic location in the heart of the Greater Toronto and Hamilton areas, served by transit and an extensive network of major highways. Pearson International Airport is minutes away. The city has a skilled, well-educated workforce and is home to world-class post-secondary institutions, including the University of Toronto Mississauga and Sheridan College’s Pilon School of Business.

Whether enjoying the laidback vibe of their own neighbourhood or all the urban excitement that downtown Mississauga or Toronto have to offer, Streetsville Centre residents will relish coming home to the sophisticated, stylish surroundings of their own luxury townhouse.

“We at Dunpar believe in building a quality product. To us, that means making sure the use of space is very functional and is used at its best possible capacity,” says Del Peschio. “We’ve done this at Streetsville and a 1,500-sq.-ft. townhouse feels like a 2,000-sq.-ft. home.”

Streetsville Centre’s three-bedroom townhouses are spaciously designed, each with a two-car garage, beautiful landscaping and many upgraded finishes included as standards. The towns’ architecture is inspired by English Georgian Manors, and uses genuine Custom Natural Indiana Limestone.

Inside, the homes have open-concept layouts with dramatic nine-ft., six-in. main-floor ceilings and nine-ft. loft floor ceilings. Finishes include engineered oak flooring in the main floor living room and second-floor hallway, with Berber carpet in all bedrooms, den and stairs.

Gourmet kitchens boasts quality custom crafted cabinetry with extended height upper cabinets, granite countertops with eight-in. granite backsplash, ceramic tile floors, and under-cabinet lighting. A luxury stainless steel appliance package is included. Luxury ensuite bathrooms include custom vanity, marble countertop, soaker tub and glass shower door.

A few townhomes are still available in this special neighbourhood, priced from the mid $800,000s.

Dunpar has been building for more than three decades, and its specialty is creating luxury townhomes of character and distinction. Its beautiful enclave communities, characterized by timeless design, modern features and outstanding finishes, can be found in Etobicoke, as well as in Oakville, Mississauga and Vaughan. Dunpar has established a reputation for excellence in customer service, and it works with every homebuyer individually to help them bring their dream home to reality.

DUNPAR HOMES

For further information on Streetsville Centre or other Dunpar communities, visit the website.


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20/Twenty Townhomes coming this fall to South Mississauga

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20/Twenty Townhomes coming this fall to South Mississauga

Your first home could be your dream home – and why shouldn’t it be?

Nestled between the lake and uptown Mississauga, 20/Twenty Townhomes is a collection of urban townhomes offering inspired living at an affordable price. Ideal for couples, young families, busy professionals or empty nesters, this spectacular development features spacious open concept interiors, private outdoor patios or rooftop terraces, contemporary exteriors and attractive greenspaces where neighbours can relax in comfort and style. Take your kids to the parkette after dinner or walk your dog through well-maintained community spaces. 20/Twenty offers two- to three-bedroom townhome options starting from just $599,000.

Twenty_Town_oct_newsletter_1

This exclusive development is situated in the prestigious Camilla Park neighbourhood of South Mississauga, just minutes from beautiful Port Credit. Convenience is everywhere you look, from inside your home to the lifestyle this desirable area provides. Walk to shops and restaurants or take a short drive to Square One, the largest shopping centre in Ontario, with more than 360 stores and services. Close to excellent schools, two nearby GO Train stations and the Mississauga Hospital, 20/Twenty offers easy access to all major highways and is just a 15-minute drive from Pearson International Airport. The planned Hurontario LRT system will be just steps from your door, allowing residents to seamlessly connect with downtown Toronto.

Twenty_Town_oct_newsletter_2

You can take a walk to the waterfront with ease or explore one of the many nature trails nearby. Cooksville Park, Camilla Park and Hancock Woodlands Park are all within walking distance while Erindale Park and the expansive David Culham Trail are just a short drive away. The charming village of Port Credit offers additional lakeside trails, scenic parks and restaurants, great shopping and endless entertainment options – all just five minutes from home.

Enjoy the benefits of a vibrant city lifestyle in a quiet, modern community by the lake. It’s the perfect place to grow your family or retire in style – a great investment in your future.

Twenty_Town_oct_newsletter_3

20/Twenty has it all. The team at Consulate Development Group, one of the most trusted names in Mississauga, is proud to present this incredible real estate opportunity to discerning buyers.

Live your best life, no matter what chapter you’re in. Register now for your advanced preview at 2020towns.com.

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In Conversation With… Angela Marotta, Director of Sales & Marketing, Solmar Development Corp.

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In Conversation With… Angela Marotta, Director of Sales & Marketing, Solmar Development Corp.

For more than 30 years, Solmar Development Corp. has focused on excellence, whether it’s building highrise projects in the GTA or lowrise communities in Niagara-on-the-Lake, or delivering on its promises of exemplary customer service.

Director of Sales & Marketing Angela Marotta shares her insights on what the company values most, and where it plans to go next.

Condo Life: Solmar has been in business for more than 30 years. What have been the keys to your success over this time?

Angela Marotta: We are family owned and operated, and as key family members, we have continued to share the same philosophy and vision for the company for all these years. Each project is thoughtfully designed with the buyer in mind. From our amenity spaces to landscape and surrounding greenspace, and ultimately to the suite and home designs.

When we acquire property, we always have the big picture in mind, which has allowed us to navigate through any difficult zoning and planning issues, and consolidation of various parcels of land. We have a very strong planning department and consultants that have been with Solmar from inception. They understand and continue to support the long-term vision to bring our projects to final stages. As principals, we are involved every step of the way. My father, Benny Marotta, is a visionary and has a very keen eye for design and architecture. No architectural plans are redesigned or enhanced without him and then flowed to myself and brother-in-law Giuseppe Paolicelli for final review, always with the buyer in mind.

CL: The homebuilding industry is undergoing a lot of change these days, with increasing government involvem ent, policy issues and other challenges. How do you see all this playing out in the foreseeable future?

AM: Regulatory changes within the Planning Act have given municipalities more local power to facilitate change in zoning bylaws, and thus hopefully allow for economic growth within their communities. As developers, we have faith that the governing bodies take into consideration the future economic growth, together with quality of life of residents. There has to be a balance.

However, changes to the Ontario Municipal Board are somewhat troublesome, as they may restrict the tribunal to propose decisions based on the best planning solutions, as the process has now been fast-tracked. It’s complicated, and I’m still trying to come to grips with the pros and cons. There will always be complex appeals, which make the process difficult to navigate. We will always try to push higher density on proposed developments, as it increases their viability. Giuseppe works very closely with our inhouse planner to ensure that we do.

CL: Affordability is a growing concern for homebuyers in the GTA, but much of what determines end costs – land use policy and availability and approvals processes – are out of builders’ control. How does Solmar address the affordability challenge?

AM: Everything boils down to timing and the span from inception of a project to construction to proposed occupancy. We never rush developing our proformas without having a clear understanding and comfort level of the market and future costs that are at times not completely defined. We are careful, but still take on a level of risk that we are comfortable with. We never want to sell out a project that quickly. Allocations are determined and timelines for release are defined so we always have a contingency whereby we retain flexibility with pricing over time to protect us against any instabilities or change.

We also try to price ourselves at or just above market without being “out of” market. Our projects are higher end, with various luxury amenities and features that attract a consumer that appreciates value and may be willing to spend a little more as a result. We attract a lot of end consumers, and any investors purchasing in our projects feel comfortable knowing they have a secured investment based on our reputation as a builder.

CL: Where do you see the next homebuilding – and therefore, for customers, homebuying – opportunities in the GTA, in terms of geographic area and housing type?

AM: Consumers are finding pricing within the downtown core to be very high and competitive. Projects such as ours at The Edge in Mississauga allow consumers to have homeownership at much more reasonable pricing, gain equity over time and still be able to work in the city due to the great transit infrastructure in Mississauga. The LRT is along Hurontario right at The Edge. With higher density projects outside of the downtown core, you’re seeing more and more buyers looking there. Our project at Park Avenue Place in Vaughan, which is sold out, saw buyers coming from all across the GTA. Again, municipalities that have planned and developed transit infrastructure well have seen economic growth and a superior quality of life in their community as a result.

CL: How are things coming along at Edge Towers in Mississauga?

AM: We’re excited to see the development come to life. It took great perseverance to consolidate individual lots to comprise what is now three luxury buildings with more than 1,400 units. Tower 1 is currently under construction and nearly sold out. Tower 2 is not far behind, with construction starting before the end of the year and nearing 80 per cent sold. Tower 3, launching this fall, will be the pinnacle of the project, with 50 floors of luxury suites and amenities that will make this tower a unique place to live.

CL: And at Park Avenue Place in Vaughan?

AM: Park Avenue is currently under construction with occupancy set for fall 2020. This has been an amazing project, as it is referred to as the sister project to our now completed highrise, aptly called Bellaria, which was the first development of its kind in Vaughan. Park Avenue comprises two towers of beautifully designed suites located at the south east corner of Jane and Rutherford. This project saw lots of end users as buyers, many of whom were referrals from Bellaria – a major source of pride for us.

AND ON A PERSONAL NOTE:

If I wasn’t involved in homebuilding, I would:

Be in the hospitality industry, as my passion is wine and food. Together with our family, my sister Melissa Paolicelli and I own and operate Two Sisters Vineyards.

My greatest inspiration in this business is:

My father. I have seen him take on such high levels of risk and navigate through them in the most decisive and intelligent way. He has accomplished great things and built or developed many landmark communities that we are very proud of.

When I’m not at the office, I:

Am enjoying quality family time with my three teens and the rest of our close family in Niagara-on-the-Lake, preferably at the Vineyard! We live part time in NOTL, and it has become such a special place for us all.

PORTFOLIO

Edge Towers
Downtown Mississauga
Under construction and register now

Park Avenue Place
Vaughan
Under construction

solmar.ca

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Local Focus: Mississauga

Standing out from the crowd in Mississauga

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Standing out from the crowd in Mississauga

Mississauga has always been a city of noteworthy accomplishments, from its inception as a city in 1974 combining the former townships of Lakeview, Cooksville, Lorne Park, Clarkson, Erindale, Sheridan, Dixie, Meadowvale Village, Malton, Port Credit and Streetsville; to being home to Canada’s longest-serving mayor, Hazel McCallion, from 1978 to 2014.

You might expect such a track record of ambition from one of the most populous – and fastest-growing – municipalities in Canada.

Covering a huge swath of land – 288 square kms, 13 km of which front Lake Ontario – Mississauga comprises many distinct neighbourhoods and communities. The former town of Port Credit, for example, once a sleepy little industrial locale, home to the iconic – and smelly – St. Lawrence Starch Co. plant from 1890 to 1990, today is a much sought-after residential area, thanks to its prized waterfront location.

Local histories

Many of these areas host annual festivals that pay respect to local histories. Streetsville, for example, holds its annual Bread and Honey Festival, paying homage to the area’s roots as a mill town. And Port Credit’s Mississauga Waterfront Festival and the Southside Shuffle blues and jazz festival display everything that the community has to offer.

With McCallion running the show over 12 consecutive terms, until she stepped aside and Bonnie Crombie won the election in 2014, Mississauga was known as a city of growth. McCallion consistently boasted she oversaw among the lowest taxes in Canada and made it easy for companies to do business there. Today, the area is home to more than 60 Fortune 500 companies, including Laura Secord Chocolates, Honeywell Aerospace, Walmart Canada and Kellogg’s Canada.

Getting around Mississauga is, well, you are travelling over a vast area, and traffic these days… But Hwys. 401, 403, 410 and the QEW all run for stretches through the city, and there’s no shortage of GO Transit and Mississauga MiWay Transit options.

Waterfront recreation

For sports and recreation, again Mississauga is blessed with numerous recreational winter and summer sports leagues with decades of local history. Using the Streetsville example again, the Vic Johnston Community Centre dates back to 1961, and sits adjacent to Memorial Park and the Credit River.

And, following the Credit River down to Port Credit, Memorial Arena is another beautiful old barn, sitting adjacent to Memorial Park and facing Lake Ontario. The park itself serves as host location for some of the area’s largest festivals.

Then there’s the Paramount Fine Foods Centre (formerly Hershey Centre), where the Ontario Hockey League’s Mississauga Steelheads play, and which also is home to a number of community rinks.

Location, location, location

• More than 288.42 square kms, 13 kms fronting Lake Ontario; bounded by Oakville, Milton, Brampton, Toronto and Lake Ontario

Key landmarks

• Living Arts Centre

• Mississauga Celebration Square

• Paramount Fine Foods Centre

• Sheridan College Business School

• Square One Shopping Centre

• University of Toronto Mississauga

Select housing developments

20/Twenty Towns by Consulate Development Group

Eleven 11 Clarkson by Saxon Developments

Jewels of the Meadows by Ideal Developments

Lakeview Village by Lakeview Community Partners

• Parc Towns by The Daniels Corporation

• The Clarkson Urban Towns by Haven Developments

Tuxedo Park by Maple Valley Development Corp.


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Keystone

Keystone: Kaneff’s two-bedroom suites among the most liveable condo units in downtown Mississauga

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Keystone: Kaneff’s two-bedroom suites among the most liveable condo units in downtown Mississauga

Located on the city’s last remaining ravine lot, Keystone‘s stunning two-bedroom suites, by Kaneff, offer something that’s rare to find in downtown Mississauga. For unbeatable value in the neighbourhood, they feature spacious floorplans that are modern, functional, and truly liveable. They also place you at the doorstep of key urban amenities, including Square One, restaurants, and public transit. Here’s why they’re the perfect place to grow your family, downsize, or start your next chapter.

Exceptional value for space

Ranging in size from 692 to 743 sq. ft., Keystone’s two-bedroom suites give you plenty of liveable space to fit your lifestyle. Enjoy soaring nine- or 10-ft. ceilings, a roomy master bedroom that comfortably fits a queen bed, and the luxury of having two full bathrooms (including a master ensuite). Whether you’re inviting family over for dinner or just kicking back and relaxing, you’ll always have the space you need.

Versatile, functional floorplans

Thanks to their functional floorplans, Keystone’s two-bedroom suites are optimized for modern life. Their open-concept layouts and practical room dimensions maximize usable space while making them easy to furnish. And because of their intelligent design, they offer a unique versatility that makes them easy to adapt into a place that matches your personal preferences and feels like home.

Spectacular views and outdoor space

No matter which two-bedroom suite you select, you’ll have spectacular views of the adjacent ravine, Mississauga’s city skyline, or Lake Ontario. Because all Keystone suites have balconies, you won’t have to settle for enjoying the stunning view just from your windows. And even if you’re looking for some extra outdoor space, you can always select a floor plan that offers both a balcony and an expansive 15-by-20-ft. terrace.

Elegant yet practical features and finishes

At Keystone, it’s the details that make all the difference. That’s why the features and finishes in the two-bedroom suites are both elegant and practical. The custom cabinets and vanities, engineered quartz countertops, relaxing soaker tub, and modern chrome accessories, add an exquisite, sophisticated touch to your suite. And the full-sized kitchen appliances, extended upper cabinets, and optional kitchen island make it a convenient space that can grow with you. You’ll also have the luxury of choosing from three standard designer-selected interior finishes to create a space that truly fits your needs.

Discover the best value for money in Mississauga condo living. Visit the sales centre to book your suite today.


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TANU

TANU is a carefully shaped residence that speaks of quality and craftsmanship

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TANU is a carefully shaped residence that speaks of quality and craftsmanship

Living in Port Credit is like being part of a small town but with all the perks of the big city. Just a 22-minute GO Train ride to downtown Toronto, Port Credit Village is a lakeside oasis full of small shops, intimate restaurants and historic charm. With Toronto and Mississauga continuously booming, it’s rare to find a place so close by that still possesses a strong sense of community and belonging to its guests and inhabitants. Residents say Port Credit is their forever home, and many generations of families live within blocks of one another.

Local developer, Edenshaw, has created a new address in Port Credit for those looking to join the village on the water with their bespoke condos and townhouses at TANU, a 15-storey residence on Park Street designed by award-wining architecture and design firms, IBI Group and TACT Design. The friendly, small-town ambiance of Port Credit inspires this carefully shaped residence that speaks of quality and craftsmanship. TANU also offers proximity to both Lake Ontario and the Credit River, lush parks and trails, and is just a five-minute walk to the GO Train, MiWay and the planned Hurontario LRT at the adjacent Mobility Hub.

What makes Port Credit so special? The picturesque waterfront has marinas, parks and trails that invite residents to walk, bike, run or stroll year-round. And despite its small-town character, Port Credit certainly isn’t sleepy. There are more than 60 restaurants offering fare from gourmet pizza and burritos to seafood and raw food. Known and respected as home to one of Canada’s most successful main streets, Port Credit boasts over 400 unique retail shops, boutiques, and services. This “Village on the Lake” is hailed as Mississauga’s premier cultural, entertainment, and culinary district due to its array of eateries and award-winning festivals and events.

While residents of Port Credit – and soon-to-be homeowners at TANU – can look forward to summers at the harbourfront patios and holiday shopping down Lakeshore Road in the winter, perhaps the most attractive quality of the township is the abiding sense of community one experiences from shopowners who know their customers by name, friendly neighbours walking their dogs, or the familiar running clubs coming down the trails. David McComb, Edenshaw’s CEO, is a long-time resident of Port Credit himself, and is dedicated to ensuring this exceptional community continues to flourish.

Can’t-miss Port Credit events this summer 2019:

  • Farmer’s Market – Saturdays from June to October 8 a.m. to 1 p.m.;
  • Mississauga Waterfront Festival – a free event including concerts and vendors June 14 to 16;
  • Paint the Town Red – massive Canada Day celebration, parade and fireworks on July 1;
  • 2019 Amacon Mississauga Rotary Ribfest – Port Credit Memorial Park – July 12 to 15;
  • Port Credit Busker Fest – Port Credit’s 13th annual three – day international street performer festival taking place in August;
  • Southside Shuffle – a 21-year-old blues and jazz festival drawing in the crowds this Sept. 6 to 8.

Visit the new Edenshaw Experience Centre, located at 72 Lakeshore Rd. E. The Experience Centre is open from noon to 6 p.m. Monday to Saturday, and from noon to 5 p.m. Sundays.


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Mississauga is standing out from the crowd

Mississauga is standing out from the crowd

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Mississauga is standing out from the crowd

Mississauga has always been a city of noteworthy accomplishments, from its inception as a city in 1974 combining the former townships of Lakeview, Cooksville, Lorne Park, Clarkson, Erindale, Sheridan, Dixie, Meadowvale Village, Malton, Port Credit and Streetsville; to being home to Canada’s longest-serving mayor, Hazel McCallion, from 1978 to 2014.

And now, literally at the time of writing, the City was hosting a Town Hall on seeking independence from the Region of Peel.

You might expect such a track record of ambition from one of the most populous – and fastest-growing – municipalities in Canada.

Covering a huge swath of land – 288 square kms, 13 km of which front Lake Ontario – Mississauga comprises many distinct neighbourhoods and communities. The former town of Port Credit, for example, once a sleepy little industrial locale, home to the iconic – and smelly – St. Lawrence Starch Co. plant from 1890 to 1990, today is a much sought-after residential area, thanks to its prized waterfront location.

Local histories

Many of these areas host annual festivals that pay respect to local histories. Streetsville, for example, holds its annual Bread and Honey Festival, paying homage to the area’s roots a mill town. And Port Credit’s Mississauga Waterfront Festival and the Southside Shuffle blues and jazz festival display everything that community has to offer.

With McCallion running the show over 12 consecutive terms, until she stepped aside and Bonnie Crombie won the election in 2014, Mississauga was known as a city of growth. McCallion consistently boasted she oversaw among the lowest taxes in Canada and made it easy for companies to do business there. Today, the area is home to more than 60 Fortune 500 companies, including Laura Secord Chocolates, Honeywell Aerospace, Walmart Canada and Kellogg’s Canada.

Succession

As for seeking its independence from Peel, Crombie’s office points to the following as motivation:

Population: Mississauga has the population to warrant becoming an independent city similar to other large municipalities such as Toronto, Hamilton and Ottawa.

Stability: Mississauga is fiscally strong, has strong resident support and has the necessary capacity and experience to operate as an independent city.

Municipal service: A number of duplications, barriers and complexities in municipal service delivery could be eliminated if Mississauga became an independent city.

Future city building: As an independent City, Mississauga would have full autonomy to focus on City initiatives related to its future growth and development.

Cost: Mississauga pays 60 per cent of the overall property tax levy, yet owns only 29 per cent of regional roads.

Getting around Mississauga is, well, you are travelling over a vast area, and traffic these days… But Hwys 401, 403, 410 and the QEW all run for stretches through the city, and there’s no shortage of GO Transit and Mississauga MiWay Transit options.

For sports and recreation, again Mississauga is blessed with numerous recreational winter and summer sports leagues with decades of local history. Using the Streetsville example again, the Vic Johnston Community Centre dates back to 1961, and sits adjacent to Memorial Park and the Credit River.

And, following the Credit River down to well, Port Credit, Memorial Arena is another beautiful old barn, sitting adjacent to Memorial Park and facing Lake Ontario. The park itself serves as host location for some of the area’s largest festivals.

Then there’s the Paramount Fine Foods Centre (formerly Hershey Centre), where the Ontario Hockey League’s Mississauga Steelheads play, and which also is home to a number of community rinks.

Location, location, location

More than 288.42 square kms, 13 kms fronting Lake Ontario; bounded by Oakville, Milton, Brampton, Toronto and Lake Ontario

Key landmarks

• Square One Shopping Centre

• Mississauga Celebration Square

• Living Arts Centre

• Paramount Fine Foods Centre

• University of Toronto Mississauga

• Sheridan College Business School

Select condo projects

Aspire Condominiums by Conservatory Group

• Daniels City Centre by The Daniels Corporation

Edge Towers by Solmar Development Corp.

Exchange District by Camrost Felcorp

• Pinnacle Grand Park 2 by Pinnacle International

TANU Condos by Edenshaw Developments


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GTA buyers head west ReMax

GTA homebuyers continue to look west in search of affordability

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GTA homebuyers continue to look west in search of affordability

GTA buyers head west ReMax

Homebuying patterns in the GTA have increasingly shifted west over the last five years, particularly to Halton Region and west Toronto, according to a new report from ReMax of Ontario-Atlantic Canada.

“Growing demand for affordable housing buoyed new construction and contributed to rising market share in Halton Region (from 2013 to 2018),” says Christopher Alexander, executive vice-president, ReMax of Ontario-Atlantic Canada. “Product was coming on-stream at a time when the GTA reported its lowest inventory in years and skyrocketing housing values were raising red flags. Freehold properties in the suburbs farther afield spoke to affordability.”

In analyzing sales trends in nine Toronto Real Estate Board (TREB) districts over the past five years, ReMax notes that Halton Region – comprising Burlington, Oakville, Halton Hills and Milton – captured 10.1 per cent of total market share in 2018, leading with a 2.3-per-cent increase over 2013. Toronto West, meanwhile, climbed almost one per cent to 10.5 per cent. Toronto Central rose close to two per cent to 18.7 per cent of total market share, while Simcoe County jumped 0.6 per cent to 3.1 per cent. The gains came at the expense of perennial favourites such as York Region (down 3.2 per cent to 15.3 per cent); East Toronto (down 1.7 per cent to 9.3 per cent); Peel Region (down 0.5 per cent to 20.6 per cent); and Durham Region (down 0.3 per cent to 11.5 per cent). Dufferin County remained stable over the five-year period.

The quest for single-detached housing at an affordable price point has sent throngs of Toronto buyers into the Hamilton housing market over the past decade, ReMax says. The spillover effect has stimulated homebuying activity in most areas flanked by Toronto’s core and Hamilton. Burlington, in particular, soared between 2013 and 2018, with home sales almost doubling and average price climbing 50 per cent to $769,142.

Window of opportunity

But with such strong growth in Burlington, how long will this market remain an affordable option?

“The communities in the west will still be affordable compared to Toronto proper, but what we are going to see is a continued uptick in demand for more of the outlying communities like Brantford, Waterdown, Kitchener-Waterloo, Cambridge and even as far-reaching as London and Niagara,” Alexander told HOMES Publishing. “What will really impact the growth of these markets, outside of availability and affordability, will be the underlying transit systems and investments in local economies, as people still have a need to be connected to the GTA core.”

The upswing in new construction has contributed to the changing landscape. New housing starts in Halton Region averaged 3,100 annually between 2013 and 2016. In Simcoe County, just north of Toronto, new residential builds averaged close to 1,860 annually from 2013 to 2017.  During the same period, almost 39,000 residential units came on-stream in Toronto’s downtown-central waterfront area, while another 56,855 were active (approved with building permits applied for or issued and those under construction). Another 6,000 units came on the market in North York and Yonge-Eglinton.

 

GTA home sales ReMax

 

In Toronto’s west end, affordability has been a strong influence in helping Millennials redefine mature neighbourhoods such as The Junction, South Parkdale, Bloorcourt and Dovercourt Park through gentrification. Average price for the 8,000 plus homes sold in 2018 hovered at $755,658 – although the 10 districts within Toronto West range in price from $557,000 in Downsview-Roding, Black Creek and Humbermede to $1.2 million in Stonegate-Queensway.

“Freehold properties remain the choice of most purchasers in Halton Region and Toronto West,” says Alexander. “The same is true to a lesser extent in Toronto Central, but condominiums continue to gain ground. Just over one in three properties sold in the GTA was a condominium in 2018, and that figure is higher in the core. As prices climb in both the city and suburbs, the shift toward higher-density housing will continue, with fewer single-detached developments coming to pass.”

Toronto Central has seen rapid growth over the past five years, with Millennials fuelling demand for condos and townhomes in developments such as City Place, King West Village and Liberty Village. This cohort has also been instrumental in the gentrification of Toronto Central neighbourhoods such as Oakwood-Vaughan and Dufferin Grove as they snap up smaller freehold properties at more affordable price points, ReMax says.

ALSO READ: 2018 GTA new home sales drop to lowest mark in nearly 20 years

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ALSO READ: GTA among the most promising new home outlooks for 2019, Altus Group says

Baby Boomers have also been a major influence in Toronto Central, selling larger homes throughout the GTA and making lateral moves or downsizing to neighbourhoods close to shops, restaurants and amenities. Close to 15,000 properties were sold in 2018, with average price of $932,416, up almost 40 per cent since 2013. Properties within Toronto Central averaged 20 days on market and ranged in price from $709,660 in Bayview Village to $2.5 million in York Mills, Hogg’s Hollow, Bridle Path and Sunnybrook.

With an affordable average price point of $611,628 – and a range of $528,942 to $746,332 – younger buyers, empty nesters and retirees have flocked to Simcoe County in recent years. New construction in Adjala-Tosorontio, Bradford West, Essa, Innisfil and New Tecumseth has allowed the area to capture a greater percentage of the overall market between 2013 to 2018.

“As the Millennials move into their homebuying years, they will displace Baby Boomers as the dominant force in the GTA’s real estate market,” says Alexander. “Their impact on housing will have a serious ripple effect on infrastructure in the coming years, placing pressure on transit systems, roadways, local economies and their abilities to attract investors and new businesses, parks and greenspace development.”

The upswing in demand over the next decade is expected to re-ignite homebuying activity in Toronto East, York, Peel and Durham Regions. These areas still carry significant weight, despite the factors that have impacted softer performance in recent years, such as affordability, lack of available housing and fewer transit options.

GTA west vs east

As the west end of the GTA continues to see growth and price appreciation, a leveling effect will likely come into play (with the east region),” Alexander told HOMES. “Toronto’s GDP and the thriving economy will continue to attract people, so while affordability may continue to decrease, desire is unlikely to waver. That said, the current and next generation of homebuyers are taking this factor into account when they are making their decision to purchase – sacrificing space for lifestyle and convenience.  As they look to the greater GTA, if affordability becomes more leveled out between the west and the east, it’s likely that we will see more dispersion across the entire region as people’s desire to be connected to the GTA core remains strong.

GTA east areas such as Durham region currently don’t have the same appeal as the west. “The West end of the GTA has a greater diversity of communities that are attracting a diverse range of buyers.  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.”

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