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The Humber Condos

At The Humber Condos friends become neighbours

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At The Humber Condos friends become neighbours

Sometimes a conversation over drinks can be life-altering, be it kindling for a relationship or the spark for a business idea. For high school friends Cassie MacKenzie and Shannon McCauley, a casual chat over beers led to them both becoming homeowners – and future neighbours.

Transplants from Guelph, the women, both 32, had been living in and working in Toronto for years, Cassie at a financial institution and Shannon in the non-profit sector. They also had pretty much given up on the idea of purchasing a home in the city. Shannon had been looking outside of the GTA because she didn’t know if she could afford to stay in Toronto given the prices of rental, and Cassie had “stopped even thinking about buying because it just got so insane.” Instead, she was holding on dearly to her affordable apartment, a veritable unicorn in the city’s rental landscape.

One day, a colleague mentioned to Shannon that she should consider buying. “I laughed at them because it was totally out of reach – or so I thought,” she says. That colleague lives in an Options for Homes building, and she explained that the non-profit developer helps make homeownership more attainable by offering purchasers a down payment loan of up to 15 per cent of a home’s purchase price.

For first-time buyers, the support could be as much as 24 per cent. Shannon had enough saved for the required five per cent downpayment and decided to take the plunge and purchased a one-bedroom at The Humber, Options’ upcoming development at Lawrence Ave. W. and Weston Rd. Then came the beers.

Childhood friends Shannon MacCauley and Cassie MacKenzie have reached a significant milestone together at The Humber: homeownership.
Childhood friends Shannon MacCauley and Cassie MacKenzie have reached a significant milestone together at The Humber: homeownership.

Cassie, with her manageable rental, caught a glimpse of how unreasonable rent could be when she and her boyfriend looked for a larger place. “The thought of paying that amount of money in rent just sort of hit me in a way that it hadn’t before,” she says. “When Shannon told me about buying with Options and I saw that the price would be like rent but in a mortgage, and the five per cent was something that I had, it felt possible. I had no idea it was something I could do.

Both women marvel that they were able to purchase a home on their own, without help from parents or partners. “I have a lot of pride about being able to own a home. It’s really exciting,” Cassie says.

For Shannon, she was surprised by the wave of emotion that hit her when she signed her purchase agreement. “I never thought the idea of owning something would matter that much to me. But it felt so powerful. After I signed, I was quite moved. I asked, ‘Do people cry at these things?’ and my realtor was like, ‘Why do you think this box of tissues is here?'”

Shannon and Cassie are looking forward to their new home with a new pace of life Weston Village. “I’m getting a little tired of the core of Toronto but I didn’t want the commuter lifestyle,” says Cassie. For Shannon, who’s lived in The Junction for the last 10 years says she’s eager to be a part of the renewal of Weston. “I moved into The Junction when it was up and coming so I like that feel of the community building.”

They’re also keen to become neighbours and sharing this life milestone together. Though they were careful not to get too cosy. “We’re two floors apart, so we’re close,” says Shannon. “But not too close!”

For further information, visit the presentation centre, located at 1984 Weston Rd.

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The Humber by Options For Homes

The Humber is an upcoming condo community from Options For Homes

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The Humber is an upcoming condo community from Options For Homes

Rare is the opportunity to live next to unbridled nature while having easy access to the urban vitality of downtown Toronto. The Humber is an upcoming condo community that offers just that – and a down payment boost that makes homeownership more accessible for everyone.

Nestled on the banks of the Humber River at Lawrence Ave. W. and Weston Rd., The Humber is a riverside oasis in Weston Village, one of Toronto’s up-and-coming neighbourhoods. With 13-km of lush parkland trails at its door and uninterrupted, Instagram-worthy southwest views on the river’s bend that will never be obstructed, this 232-unit, 22-storey condo is an outdoor enthusiast’s dream.

Meanwhile, it’s located a mere three-minute walk from the Weston UP Express stop and is only a quick 15-minute zip to Union Station or 12 minutes to Pearson, putting all the city has to offer within easy reach, making The Humber’s location the best of both worlds.

With The Humber, which is developed by Options for Homes and built by Deltera (part of the Tridel Group of Companies), you can be assured of high-quality condos at more affordable prices. It’s something that Options has been doing for 25 years (including the first three buildings in The Distillery District and a development in The Junction). Prices are kept as low as possible by forgoing costly amenities such as pools, while investing in beautiful common spaces and environmental features such as solar panels. This helps keep maintenance fees low and stable, which are a city-low of $0.49 per sq. ft. Options also brings homeownership within reach with its down payment boost of up to 24 per cent for families making their first purchase, and requiring only 5 per cent total down payment.

“We’re able to help families who can afford the carrying costs of homeownership by giving them an extra down payment boost,” says Options for Homes Director of Sales and Marketing Mary Pattison. “That’s often all someone needs to become a homeowner.”

Because Options sells only to homeowners and not to investors, life at The Humber is ideally suited for families and those who value community. Sheena McDonald, who along with her husband purchased a three-bedroom suite at The Humber, says this focus on building community was an important factor in their decision to buy. “I feel like it’s rare. We have a number of friends who live at Heintzman (in The Junction) and I’ve learned through them that that sense of community actually does exist in Options developments,” she says. “It seems like it’s not your typical condo situation in Toronto.”

With a large percentage of two- and three-bedroom suites, The Humber is designed to suit the needs of families of all sizes. It’s also pet-friendly, as homeowners are able to own up to two pets, and its smokeless policy – which permits only vaping of tobacco or cannabis in the building, including private homes – mitigates the negative impacts of smoking for all of The Humber’s residents.

Speaking of community, The Humber is set amid a neighbourhood bustling with urban renewal. Weston already boasts renowned community events and amenities such as the Weston Farmers’ Market (the city’s oldest), its own Santa Claus parade, Weston Lions Park and Arena, but now it’s getting a cultural boost with the Artscape Weston Commons, which is home to artist housing, Urban Arts and Shakespeare in Action.

Quality, community and unparalleled natural beauty are hallmarks of The Humber. With excellent transit options, a rejuvenating neighbourhood, and down payment support that makes homeownership possible, The Humber is a perfect place to call home.

Visit the presentation centre, located at 1984 Weston Rd. For further information call (416.867.1501) or visit the website.


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The Humber Condos offer riverside living at Lawrence & Weston in Toronto

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The Humber Condos offer riverside living at Lawrence & Weston in Toronto

Living in Toronto is too often a story of compromises: To enjoy the urban vibrancy of the city, you often have to forgo expanses of nature; in order to afford homeownership, you have to move to the suburbs. With The Humber, an upcoming condo community at Lawrence Ave. W and Weston Rd. in Weston Village, it’s possible to have it all.

Nestled on the banks of the Humber River, a lush ribbon of water, parks and trails that bisects the concrete jungle, The Humber is situated next to a river oasis with sweeping southwest views that will never be obstructed. Meanwhile, city life is never far away. Located a mere three-minute walk from the Weston UP Express stop, it’s only a quick 15-minute zip to Union Station or 12 minutes to Pearson. Whether you’re up for a night on the town or looking to take flight, it’s all within easy reach.

With The Humber, which is developed by Options for Homes, home ownership within the city is also within reach. Operating for over 25 years, Options for Homes is Canada’s largest developer working exclusively on making home ownership more affordable. It’s something that Options has been doing for 25 years – including the first three buildings in The Distillery District and a development in The Junction.

With Options you only need 5% total down payment to buy a condo, and its unique Down Payment Boost offers anyone – not just first-time home buyers – 10% to 15% of the home’s purchase price as a shared-equity down payment loan. The Down Payment Loan helps lower the mortgage required and thereby lowers monthly mortgage payments. That said, first-timers could be eligible for up to a 24% boost! The loan comes with no monthly payments and is due back only when a purchaser sells their home or moves out.

Here’s how that looks. For a home costing $500,000, a purchaser would put $25,000 down and Options would offer a 10% down payment boost, so $50,000, and then owns 10% of the home. If the condo then appreciates to $600,000 in a few years and the owner wants to sell, they would owe Options 10% of the sale price, or $60,000. Both the homeowner and Options benefit from the home’s increase and value, and the homeowner is able to build equity through home ownership.

Options also keeps prices as low as possible by forgoing costly amenities like pools, while investing in beautiful common spaces and environmental features such as solar panels, all in a high-quality building built by Deltera (part of the Tridel Group of Companies), meaning affordability comes without compromise. This results in low and stable maintenance fees, which are a city-low of $0.49 per square foot. The Humber is also pet-friendly, as homeowners are able to own up to two pets, and its Smoke Less policy – which permits only vaping of tobacco or cannabis in the building, including private homes – mitigates the negative impacts of smoking for all of The Humber’s residents.

As a mission-based social enterprise, Options makes a policy of not selling to investors. This ensures that housing affordability is available to middle income Torontonians looking to home ownership for stability and as a means of building equity for their family’s future.

All of this means The Humber, with a large percentage of 2- and 3-bedroom suites, is ideally suited for families and those who value community, something that Options for Homes is known for over its 13 completed developments.

Sheena McDonald, who along with her husband purchased a 3-bedroom suite at The Humber, says this focus on building community was an important factor in their decision to buy. “I feel like it’s rare. We have a number of friends who live at Heintzman (in The Junction) and I’ve learned through them that sense of community actually does exist in Options developments,” she says. “It seems like it’s not your typical condo situation in Toronto.”

While Weston Village is a lesser known corner of Toronto, it already boasts renowned and beloved community events such as the Weston Farmers’ Market (the city’s oldest), its own Santa Claus parade, and Weston Lions Park and arena. And it’s getting a huge cultural boost with the Artscape Weston Commons, which is home to artist housing, Urban Arts and Shakespeare in Action, along with the farmers’ market.

Quality, community and unparalleled natural beauty are hallmarks of The Humber. With excellent transit options, a rejuvenating neighbourhood, and down payment support that makes home ownership possible, The Humber is a perfect place to call home.

Visit thehumber.ca for more information.

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