Tag Archives: Toronto

411 King

411 King brings unparalleled living to King & Spadina

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411 King brings unparalleled living to King & Spadina

It’s no secret that Toronto’s King West strip has long been a world-class location for condominium purchasers and investors. Those who live and work in the area are part of a thriving downtown community, known for its unique energy, vibrancy, and plethora of opportunities for food, drinks, culture, entertainment, and ease of transit connections.

Those in the know have been longing for something special to rise on the corner of King and Spadina, also known as the heart of King West. This pinnacle location presents a rare and one-time opportunity to plant roots in the core of downtown Toronto, where location is, has been, and always will be, everything.

Great Gulf, one of North America’s premier real estate organizations, and Terracap, a private equity real estate group with a portfolio of properties that include 4 Million+ square feet of real estate across North America, have come together to bring an incredible residential condominium vision to fruition.

Illustrations are artist's concepts. Specifications are subject to change without notice E. & O.E.
Illustrations are artist’s concepts. Specifications are subject to change without notice E. & O.E.

411 King is a new condominium of 1-bedroom to 2-bedroom+ suites, from 400 to 1,000+ square feet, with an exciting offering that’s bringing unparalleled living to King & Spadina.

Great Gulf has a well-respected history along the King West strip, with a wide list of projects that continue to garner raving reviews from both owners and renters for everything from amenities programs to quality craftsmanship of suite features. Over the past 20 years, Great Gulf has developed a reputation for being the premier builder in the King West neighbourhood.

Terracap is a 1.5 Billion private equity group with a 30- year history developing multi-residential properties, retail and office spaces. This exciting partnership locks in a solid vision for this special location. With a very limited amount of real estate along King West, 411 King presents one of the last pre-construction developments, on the best corner, at the most premier destination in downtown Toronto.

With a perfect walk and transit score of 100, King West attracts visitors from across the GTA and around the globe, for its wealth of top-rated cuisine, theatre, culture, shopping, and entertainment. If there was ever an appropriate moment to use the cliché “location, location, location,” this is the time. Those who live in the area enjoy the conveniences of the very best of Toronto at their door. Whether using the many transit connections or walking to the wide spectrum of popular venues or hidden King Street gems, area residents are privy to a lifestyle of opportunity, convenience, and unlimited indulgences.

Key arts and cultural landmarks include the TIFF Bell Lightbox, Rogers Centre, and Roy Thompson Hall. This booming neighbourhood is home to some of the city’s most coveted attractions, restaurants, wellness retreats, businesses, spas, trendy cafés, high fashion boutiques, and so much more. It’s no wonder King West is a world-renowned destination that hosts international stars and the “who’s who” of sports, entertainment, and Toronto’s elite. In fact, with the development of 411 King, King Street is finally getting the crown it deserves.

411 King is unparalleled in the exciting opportunity it presents on the most prominent corner of King West. The building itself presents a unique dichotomy of styles by combining the aesthetics of an iconic modern tower with the industrial revolution design sensibility of a heritage brick façade that echoes old-world elegance. In fusing the two, the architecture embodies a mindfulness and respect for the ways in which this building will enter the existing King streetscape. The architecture creates a timeless and stunning exterior that combines modern architectural forms with historic charm.

What does unparalleled living look like for purchasers and future residents of 411 King? With a lifestyle of accessibility and abundance, there’s no limit to the range of possibilities to indulge, delight, inspire, and thrive – from day to night. Whether it’s the ease of a commute that begins and ends conveniently at your front door, or the selection of Toronto’s best restaurants, arts & culture, and entertainment venues only a quick stroll away, an unmatched lifestyle awaits at this exciting residential condominium, coming soon. Backed by the solid foundation of experience and expertise from two of North America’s foremost names in real estate development, 411 King is set to be the crowning jewel of King West. And, if rumours are true, an exciting impending announcement is set to make this limited opportunity unparalleled as well!


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Jim's Place - Eco-Conscious Design

Jim Caruk builds his own dream home in Toronto

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Jim Caruk builds his own dream home in Toronto

Photography by Alex Lukey

There’s an old line about the cobbler’s kids going barefoot, the idea being that he or she is too busy repairing shoes for their customers to make shoes for their own children. Lucky for Jim Caruk’s daughters, this was never the case. The homebuilder and star of HGTV’s Real Renos (among other shows) has always viewed his own house as a showcase for the high-quality design and craftsmanship he always puts into the homes he builds for his clients, and his latest home is no exception.

Jim Caruk designed his home with an intentionally masculine, industrial look. The exterior features a mix of red brick, limestone, and black-accent panelling, capped with a Vicwest metal roof that has a 50-year warranty.
Jim Caruk designed his home with an intentionally masculine, industrial look. The exterior features a mix of red brick, limestone, and black-accent panelling, capped with a Vicwest metal roof that has a 50-year warranty.

Jim’s style takes centre stage

The four-bedroom, 3,800-sq.-ft. home is located in Humber Valley in the west end of Toronto. Now that his daughters are grown and have families of their own, (Caruk’s known as “Papa Jim-Jim” to his four grandchildren) he was free to indulge in some of the more masculine, industrial touches he favours. The exterior façade features a mix of red brick, limestone, and black-accent panelling. The lofty, industrial-looking windows bring in plenty of light, while the Vicwest metal roof will withstand the elements for decades with its 50-year warranty.

The maple and leather bench in the entrance foyer is from Toronto-based Objects & Ideas (ObjectsAndIdeas.com). All their pieces are designed and made in Toronto, using Canadian materials. The floor-to-ceiling wainscotting is typical of Caruk's "tricked out" trim.
The maple and leather bench in the entrance foyer is from Toronto-based Objects & Ideas (objectsandideas.com). All their pieces are designed and made in Toronto, using Canadian materials. The floor-to-ceiling wainscotting is typical of Caruk’s “tricked out” trim.

Inside, Toronto-based design company and retail outlet, 36 Knots helped burnish and furnish the look. “We were going for a contemporary, masculine look,” says 36 Knots’ Yvonne Tristani. “We used solid pieces, such as the heavier-set walnut chairs with blackened steel panels in the living room, offset with light leather cushions and very neutral carpets.”

The imposing piano converted into a coffee table in the living room is actually a double salvage. Caruk picked it up from a former client who was going to throw it out.

Jim Caruk’s favourite space in the home is the combined kitchen and dining room that span across the entire rear of the house, and leads to the covered back porch.

Outdoor oasis

“My favourite space is the dining room/kitchen. It’s the entire back of the house, and it leads out to the covered porch,” says Caruk.

The porch is a cosy covered seating area that looks out over the surprisingly secluded, tree-shrouded yard. The tongue-and-groove ceiling features embedded pot lights and a ceiling fan over the dining table. Glass railings provide an unobstructed view of the 12-by-20-ft. in-ground pool. In the basement, there is a guest room, or nanny room, with an ensuite bathroom.

The covered rear porch looks out on to the secluded, tree-shrouded yard with an in-ground pool. A ceiling fan over the dining table and a gas fireplace provide three-season comfort.
The covered rear porch looks out on to the secluded, tree-shrouded yard with an in-ground pool. A ceiling fan over the dining table and a gas fireplace provide three-season comfort.

Next-level energy efficiency

While the design, finishes and furniture reflect Caruk’s personal tastes, it’s what is behind the walls that he feels makes the biggest impact.

“The best feature of the house was working with Owens Corning to create a net-zero ready home,” says Caruk. Net-zero ready homes use the latest in building materials and design to minimize energy consumption. These features include insulation with R-values exceeding the current building code as well as sealing all the air gaps inside and out to prevent wasting heating and cooling energy. By adding a sufficient amount of solar panels, or other green energy options, a home can be classified as net-zero, meaning that it produces at least as much energy as it consumes every year.

The solid walnut and blackened steel living room chairs are contrasted with light leather cushions and very neutral carpets. Jim Caruk salvaged the coffee table made from the guts of a piano from a past client who was going to get rid of it.
The solid walnut and blackened steel living room chairs are contrasted with light leather cushions and very neutral carpets. Jim Caruk salvaged the coffee table made from the guts of a piano from a past client who was going to get rid of it.

“Building net-zero is still in the fairly new stages and it costs more upfront. But, in the long run, you’ll get that money back,” says Caruk. “My gas bill was cut almost in half.”

With more than 45 years’ experience building high-end homes for himself and his clients, Caruk has spent just as long learning how to build better homes from the inside out. His latest personal project showcases how you can combine attractive esthetics – matched to the homeowner’s particular tastes – with the latest innovations in energy efficiency.

Freelance writer Allan Britnell is the managing editor of our sister publication Renovation Contractor, and the editor of the Canadian Home Builders’ Association’s members’ magazine, Building Excellence.

SOURCES:
Builder and Designer: Jim Caruk, Caruk Hall Construction, Architect: David Small Designs, Styling: Christine Hanlon, Carpets and Furnishings: 36 Knots The Style and Staging House


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United Building

United Building is an innovative mixed-use design that continues evolution of University Avenue

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United Building is an innovative mixed-use design that continues evolution of University Avenue

The United Building is coming soon, and the mixed-use development is already garnering substantial interest. Registrations are pouring in from people interested in the rare opportunity to live, as well as work, play and shop on Toronto’s University Avenue. Situated at 481 University, Davpart Inc.‘s complex will feature condominium residences atop two of the existing historic commercial/office/retail buildings that were part of the Maclean Publishing Company/Maclean Hunter company operations for decades. This architectural mélange of the old and the new will be the tallest architectural heritage retention development in North America.

The United Building follows a North American trend of combining residential space on a thoroughfare that has been primarily institutional in the past. It will retain commercial office and retail space in the restored heritage structure up to the 10th floor, from which a new 44-storey residence will rise. The interiors will be removed to make space for parking and retail floors below grade.

Davpart’s design team includes B+H Architects and heritage consultant ERA Architects, which are going to extreme lengths to preserve the exteriors of the buildings constructed in 1928 and 1961. Reflecting the classic yet contemporary flair of the exterior, Tomas Pearce Interior Design Consulting Inc. has designed the residential amenities, including a luxurious lobby featuring 24/7 concierge service, a pool with a fireplace, an indoor/outdoor pool deck with sun loungers, and a fitness centre, sauna and rain room overlooking the courtyard. The United Building’s sports lounge will offer billiards, a video gaming lounge, bocce court and golf simulator. Rounding out the amenities are an all-season reflecting pool with warming pavilions and seating, a tranquil Zen garden and a party room, fireplace lounge and barbecue dining on the terrace.

Residents of The United Building will live within walking distance of shops, cafes, hospitals, parks, eclectic restaurants, nightlife, Nathan Phillips Square, Toronto City Hall, Art Gallery of Ontario, Grange Park, Chinatown, Ryerson University, University of Toronto, the Four Seasons Centre for the Performing Arts, Eaton Centre and the Financial District. The United Building will also include direct access from inside to St. Patrick’s TTC station. In addition, the subway and the 505 streetcar are at the doorstep.

Purchasers will be able to select from studio to one-, two- and three-bedroom designs, some with a den, flex or media room, and some two-storey plans. The open suite layouts feature large windows and spacious balconies, as well as chef-inspired kitchens and top-quality appointments.

The United Building is rare on the Toronto residential landscape. Registrations are now being taken. For further information or to register, visit the website.


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Lake Suites at Lakeside Residences

Lake Suites at Lakeside Residences

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Lake Suites at Lakeside Residences

Waterfront living is highly prized – the view, the location, the lifestyle. Toronto’s waterfront is climbing the ranks of world-class waterfront real estate, and has recently been compared to those in San Francisco, Sydney, Stockholm and Capetown. Greenland Group (Canada) is ready to break ground for construction on Lake Suites at Lakeside Residences.

Lake Suites is located closest to the water, offering unobstructed views across the horizon. With unmatched lake and city views, picturesque panoramas are only the start of what makes Lakeside Residences the ideal place to call home.

Suites and amenities have been designed to parallel the exceptional location and lifestyle – infused with quality, craftsmanship and showstopping style. Lobby interiors are inspired by nature, evoking a sense of tranquility and calm. The contemporary appeal of the lobby extends through the design of amenity spaces and suites.

Going beyond traditional urban offerings, suites simply indulge residents in spacious comfort. The larger two- and three-bedroom suites cater to those who love to entertain, enjoy a guest room or home office, a growing family, or simply downsizing from a large family home without giving up the lifestyle.

Designed by Toronto’s award-winning firm, II BY IV Design, suites at Lake Suites are beautifully appointed, in harmony with the lake and surrounding outdoor spaces. Many units feature floor-to-ceiling windows and open concept layouts, as well as balconies and terraces that are perfectly positioned for breathtaking views in every direction.

The 3.85-acre master-planned community has an absolutely ideal location. Located at Sherbourne and Queen’s Quay, residents can enjoy an active lifestyle, with running and bicycle trails, including the Don River Valley Trail, Cherry Beach close by and Sugar Beach across the street. Tying into the recreational culture of the waterfront, outdoor condo amenities include a rooftop swimming pool, putting green, outdoor dining and barbecue entertainment spaces, and a fireside lounge with uncompromised views of Lake Ontario.

Residents at Lake Suites can also enjoy an urban lifestyle, being so close to the city centre and surrounded by exceptional cultural amenities. Shopping, cafes, transit, marinas, dining, entertainment, and major Toronto attractions such as the Harbourfront Centre, Scotiabank Arena and Sony Centre – the area has it all.

As one of the largest waterfront renewal projects in the world, the federal, provincial and municipal governments are investing $1.25 billion to revitalize Toronto’s waterfront, resulting in an additional $10 billion investment from the private sector, including Google’s Sidewalk Labs right next door. The master plan for the East Bayfront neighbourhood includes a network of pedestrian connections and pathways merging the city with the waterfront. The area will become a true extension of the downtown core.

Now that summer is here and construction is scheduled to start, it’s the perfect time to enjoy the waterfront community and consider making Lake Suites at Lakeside Residences your new home. For further information, visit the website.


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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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Lindvest

Lindvest is doing it differently across the GTA

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Lindvest is doing it differently across the GTA

Take a minute to look through the advertising and marketing material of new home developments. How many have similar messaging, look and feel? Happy families, renderings of new homes, beautifully written taglines that use different variations of words such as “life” and “build.” What stands out to you? Probably nothing in particular. The homebuilding industry has a set of norms that companies very rarely step outside of.

At Lindvest, they have seen an opportunity arise out of all of the similarity – the opportunity to stand out, to emerge from the confines of the status quo and do something… different. With more than six decades of building experience, Lindvest’s aim has always been to remain as unique as the customers it serves. This trend will continue with the launch the new marketing campaign in early September.

Do it Differently. This new message, simple and yet provocative, will be seen across billboards, televisions and digital platforms throughout the GTA. This message will weave its way into the Lindvest branding, website, social media platforms and more. The goal is for the voice of Lindvest to stand out from the pack by breaking away from the standards of marketing in the industry. The public will encounter a tone that is as energetic, vibrant and charismatic as the people whose attention it is intended to capture. The imagery will focus on the bold personalities of the customers the company works and interacts with on a daily basis. Gone are the days of the message of blending in, sinking into the sea of similarity.

Do it Differently isn’t performative; it’s prescriptive. Lindvest doesn’t want to claim it’s different just for the sake of being different, but because the company knows that there are people out there who aspire to carve out their own unique path in life. The builder wants to provide a homebuying experience that is as unique and special as it should be. It’s about more than attempting to outperform competitors – the real goal is for the company to better itself. The message that lies deep within the core of this campaign will act as a driving force as Lindvest continues to push to provide a better overall experience for its customers. The message of Do it Differently won’t only represent the campaign and branding, but the company itself. It will become the golden thread that connects every aspect of Lindvest, from advertising to every member of its dedicated and enthusiastic team. This is a company that wants its customers to see and feel that everything is done with pride, consistency and energy – but above all – that Lindvest is doing it differently.

LINDVEST

You can get a sneak peek by visiting the website. Don’t forget to keep your eyes peeled for something different in September.


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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.

thehumber.ca


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Del Condominium Rentals

In Conversation With… Shanker Narayanan, General Manager, Del Condominium Rentals

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In Conversation With… Shanker Narayanan, General Manager, Del Condominium Rentals

Shanker Narayanan, general manager, Del Condominium Rentals
Shanker Narayanan, General Manager, Del Condominium Rentals

Condominiums are booming in the GTA, with an increasing number of owners choosing to rent out their units for investment purposes.

Del Condominium Rentals, setting a standard in suite rental management in the GTA since 1986, offers such owners suite leasing services without having to worry about the day-to-day concerns related to being a landlord. From marketing, tenant screening, leasing, maintenance and repair, accounting, insurance coverage, compliance enforcement and revenue retrieval, the company does it all.

We spoke to Shanker Narayanan, general manager of Del Condominium Rentals to learn a little more about this growing business.

Condo Life: What is the scope of the management services you offer to condo unit owners? Is it a one-size fits all package, or is there a range of services owners can choose from…?

Shanker Narayanan: We provide day-to-day management of the suites, including complete research and marketing for new owners, arranging insurance, utility transfers and other services – all for a fee of six per cent of the monthly rental. We plan to also introduce a tiered system involving additional services, such as rent guarantee, suite inspections and maintenance.

Del Condominium Rentals

CL: How much of a growing business category is this for Tridel? We’re hearing so much about the investor element in condominium ownership these days…

SN: We have 2,550 condos in our portfolio today and are planning to grow to 3,500 by 2024. We were primarily a company that provides leasing services for Tridel suite owners, and about 78 per cent of our business comes from their new builds. We have evolved over the past five years into a leading condo rental management company in the GTA. We are aggressively trying to grow the non-Tridel portfolio. If this happens, we would look at increasing the overall portfolio to hopefully 5,000 suites in five years.

For Tridel new builds, we provide lease-up services from interim occupancy to eventual unit registration. This period might vary from building to building. We are currently leasing about 35 to 40 per cent of the inventory in all new builds.

CL: What is your typical client profile? Investor-owners who want to be completely hands off? First-time investors who really need the help being a landlord…?

SN: About 90 per cent of our owners are first-time homeowners or single unit owners, who don’t have the time to self-manage their units. We do have a lot of seasoned investors who have multiple suites in their portfolio. On average, a homeowner stays in our program for five years. They usually have an investment cycle that culminates in either them selling, -self-occupying or in rare cases self-managing the unit.

Del Condominium Rentals

CL: What are the main benefits of using your services, that perhaps suite owners couldn’t do on their own?

SN: Most owners don’t know that there are a million things that could go wrong when managing a condo unit. We know this from experience and from managing a portfolio of more than 2,500 condos over the past decade. Most owners who self-manage condos have a belief that “this won’t happen to me.” Things get complicated at times, and that’s when expert knowledge comes handy. For example, an owner might have a new condo but there might be a water leak from a unit above and that causes water damage in suites below. There could be resulting claims from owners against this owner even though the problem isn’t with their unit. We manage these complex scenarios with the insurance adjusters and the condo property management.

We are a one-stop shop for homeowners, providing turnkey management and peace of mind.

CL: How do you arrive at the end cost to clients for these services? Does it depend on the unit size, rental rate, specific services they’re using…?

SN: Our management fees are very competitive. We have always been a market leader and have been looked upon as setting the benchmark. We also have preferred rates with vendors for services such as plumbing, electrical, HVAC and handyman work. In addition, we co-ordinate works for window coverings, flooring and window and door installation. We have synergies with Tridel and ensure that we pass on the benefits to suite owners.

CL: And how do you determine the rental rate for units?

SN: We do a thorough market evaluation. We are the rental experts, and as such, Tridel sets the rental benchmark for any community. Our expert team looks at trends on MLS and third-party Internet sites and comes up with the best practices to research and tabulate rentals.

CL: Ideally, suite owners would want to be cash-flow positive when renting out their investment condo. How do you help them achieve this goal?

Del Condominium Rentals

SN: Most suite owners have a set financial cycle that will allow them to realize market potential. We save them costs and the hassles of day-to-day management and they see the benefits over a period of time. While cash flow is key for many owners, they see the merit of us ensuring that the unit is well maintained and the equity grows over time.

CL: And when it comes time that they wanted to sell, how can you assist in that transaction, say, to another potential investor-owner?

SN: We typically refer owners back to their agent when they consider selling. This is our partnership with our realtor colleagues. We do, however, ensure the transaction and unit transition go smoothly. For example, we make sure all necessary restorations are completed and that things are co-ordinated with residents and property management.

CL: Any other key pieces of information potential clients should know about your services?

SN: We are leaders in the rental business. What sets us apart from others is that we are part of Tridel. We bring synergies from other group companies such as Del Property Management, DelSuites, Tridel Customer Care and Deltera (construction). This is invaluable and often beneficial for homeowners.

For more information, contact Del Condominium Rentals at the website, 4800 Dufferin St., Toronto, or call 416.296.RENT (7368).

 

 

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Toronto City Hall

City of Toronto councillors’ decision ‘irresponsible,’ will worsen housing affordability and supply problems

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City of Toronto councillors’ decision ‘irresponsible,’ will worsen housing affordability and supply problems

Toronto City Hall

The Building Industry and Land Development Association (BILD) is outraged by the announcement made today by City of Toronto councillors Joe Cressy, Mike Layton and Kristyn Wong-Tam. The trio said they would red light any development that supports council approved TO Core Plan, ignoring the direction given by the Minister of Municipal Affairs and Housing’s approved plans. These actions are a clear example of political interference that slows the development of new housing and increase costs.

Blatant disregard

“This blatant disregard of provincial policy is the opposite of a housing strategy, in fact it’s an anti-housing strategy,” says Dave Wilkes, president and CEO of BILD. “The net impact will add cost to the City, add cost to new home purchasers, increase the delays of much needed livable housing close to transit and lengthen approvals times as challenges and appeals are undertaken to ensure that the law is respected,” adds Wilkes.

It was the City of Toronto’s decision to file the Official Plan Amendment for TO Core with the province under Section 26 of the Planning Act. This rarely used mechanism requires ministerial approval and is non-appealable. Disliking the results of this decision, the councillor’s statements to developers that they will de-prioritize projects that are in accordance with the Minister of Municipal Affairs and Housing’s decision and not the City’s version of the plan is like asking them to take sides in schoolyard spat. Councillors Cressy, Layton and Wong-Tam are disregarding the planning process, abdicating their responsibility and adopting planning by threat.

“The decisions to amend the official plans just prior to the last election was politically motivated and went against the recommendations of the City’s own planning staff,” says Wilkes.

Desperate need

“More housing is desperately needed to accommodate growth in the region. It makes sense for this type of housing to be built in places that can leverage existing investments in infrastructure and be transit supportive. We are calling on Toronto City Council to take the necessary steps to address housing supply and affordability in Toronto.”

The provincial government rightly recognizes that changes are desperately needed to provide adequate and affordable housing to a growing province. More than 115,000 new residents are expected in the GTA every year through 2041 and the population is set to grow by 40 per cent. Meeting this generation challenge will require policies that enable housing supply and affordability, not illegal actions that add cost, delays and restrict supply.

BILD is the voice of the home building, land development and professional renovation industry in the GTA. With more than 1,500 member companies, the industry provides $33 billion in investment value and employs 271,000 people in the region.

TREB reminder

The Toronto Real Estate Board is also concerned about the councillors’ decision.

“With some City of Toronto councillors announcing plans that could add obstacles to the creation of new housing supply in their wards, TREB is reminding all levels of government that housing supply is one of the most important issues in Toronto and the GTA, and is encouraging cooperation between governments,” the organization says. “TREB has been at the forefront in calling for governments to do what they can to ensure an adequate, appropriate and affordable supply of housing for the Toronto and GTA real estate markets.

“This is an issue that will require both provincial and municipal government efforts and policy initiatives from various perspectives, including minimizing unnecessary red tape, while maintaining the high quality of life that makes Toronto and the GTA such a desirable place to live, work, and play.  TREB is encouraging provincial and municipal decision makers to work cooperatively to make the interests of homebuyers their first priority.”

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Animal proofing your backyard

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Animal proofing your backyard

Life in the big city wouldn’t be the same without our critters. With Toronto’s tree canopy and plentiful ravines, raccoons and squirrels almost outnumber the human population. Then there are coyotes, foxes, and the occasional deer, depending on where you live.

It’s not possible to completely eliminate wildlife, Arthurs says, but you can make the yard a less desirable place to be. Cats don’t like warm spicy smells, especially cinnamon, so push a few cinnamon sticks into the soil, and when it rains the smell will deter them from using the bed as a litter box. Raccoons are notoriously hard to get rid of, and they tend to mark territory, so Arthurs suggests a motion activated scarecrow sprinkler – move across the yard, you get doused. It works on raccoons, squirrels, cats, but also coyotes, foxes, and deer.

And if you don’t plant large trees or hedges near the house, wildlife have no way to climb up onto your roof.

Backyard compost bins are a big draw for wildlife, particularly rats, and they’re not particularly effective when they don’t get enough sun and heat to break down the contents.

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