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In Conversation With Vince Santino, Senior Vice-President of Development, Aoyuan Canada

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In Conversation With Vince Santino, Senior Vice-President of Development, Aoyuan Canada

Talk about making a statement. Chinese builder Aoyuan International doesn’t exactly dip its toes into the waters of global condominium development. With signature projects in Sydney Australia, Vancouver, Hong Kong and now Toronto, Aoyuan goes all out.

M2M, Aoyuan’s first development Toronto, is located in a prominent neighbourhood in North York – Newtonbrook. Located just north of the Yonge and Finch transit hub, this master-planned community is a statement, indeed, with easy access to the subway and GO Transit, and dining and shopping hot spots.

When completed, the 8.6-acre community will be a fully integrated neighbourhood designed for living, working and playing. Five towers and two podiums will host a total of 1,650 residential units, as well as hundreds of thousands of square feet of office and retail space, a community centre, children’s daycare, and even its own greenspace for a future park.

Condo Life sat down with Vince Santino, senior vice-president of development, to get a sense of how M2M is coming along, and what’s next for Aoyuan.

How’s business these days, in these unprecedented days of COVID-19?

While we experienced a temporary pause at our construction site, we’ve been pleased to see things begin to pick up again more recently. When the COVID-19 preventative measures were at their strictest, we saw this as time to get involved with our neighbourhood more deeply. Times like these are opportunities to support others, and especially as a newer member of the North York community in Toronto, we felt strongly that we should do what we can to help our most vulnerable neighbours. To support the North York community, we donated $25,000 to the North Harvest Food Bank, and we encourage our peers to do the same in their neighbourhoods. Since then, we’ve launched M2M Spaces, the newest inventory from the master-planned M2M community.

How has the market reacted to construction being allowed to resume, and things beginning to ease up? Are buyers running back? Are you seeing pent-up demand…?

Initially, when Ontario began its lockdown, we saw buyers exercising caution when it came to buying new real estate – and understandably so, there were restrictions placed on all of us, and a lot of uncertainty. Now, we’re starting to see homebuyers come back and new sales since launching M2M Spaces, which shows us that there is still demand for great products and home offerings in Toronto and surrounding GTA communities.

How has the pandemic affected your plans for releases at M2M? Are things progressing as planned, phases being delayed…?

While we experienced some delays and pauses initially when Ontario was under the strictest lockdown measures, we have been very fortunate to get things running smoothly again, though we have had to make adjustments to ensure the health and safety of our team, construction sites, and sales centres. Our first few releases at M2M experienced an initial sellout, and we released the latest inventory (in early June). M2M Spaces includes two- and three-bedroom townhomes and tower suites.

What has the pandemic taught Aoyuan in terms of project sales or planning… using virtual sales techniques and so on?

Though we have always offered virtual signing opportunities, we have had to pivot to use these tools more frequently and earlier in the sales cycle and with a wider range of customers. Our M2M sales centre is being prepared for scheduled visits, with the intent for all visitors to adhere to all social distancing guidelines. We are setting up a video walkthrough and live stream presentation for our M2M Spaces model suite. Brokers and potential buyers can also utilize a cloud-based presentation system to view project information, our 3D building model and compare floorplans from the comfort and safety of their home.

Are you making any design changes at M2M to address changing consumer demands? Say, for example, more “working” spaces built into homes as a result of an expected increase in people working from home?

At Aoyuan, our philosophy has always been centred around living healthy lifestyles and building homes that allow its residents to do just that. To us, that includes giving residents options to make their homes fit their personal needs. We have always prioritized this and will continue to do so, which we know will be appreciated by homebuyers as our communities continue to evolve. Since we’re all at home much more nowadays, our M2M Spaces offering comes at a great time for prospective homeowners with its flexible and functional floorplans. These residences are great options for multigenerational families and working parents, with added features and amenities to suit their lifestyles. For instance, we’re proud to offer features such as our smart glass technology, which is an extremely beneficial feature for residents working from home. By simply flipping a switch, residents can change the transparent glass panels to transform to opaque, allowing for added privacy or increased concentration. You’ll find this feature in a variety of suites throughout M2M.

What other fundamental changes do you foresee as a result of these unprecedented times?

It’s tough to speculate on the future while we are still in the thick of things, but we can definitely see the increased importance of green and outdoors spaces for city dwellers who don’t necessarily have access to backyards as you would in the suburbs. We will continue to prioritize amenities like this because we know the importance of our connection to nature as well as the importance of being able to use greenspaces for socializing, playing sports, or just relaxing. We’ll also want to keep the idea of flex spaces which can be used as at-home offices or playrooms as families seek to make the best use of their homes.

M2M won the 2019 BILD People’s Choice Award. What did that mean to Aoyuan Canada?

As newcomers to Toronto, we were very excited to receive this recognition. We felt that it reinforced and recognized the work we were doing specifically in Toronto and the GTA. When we began working in this city, we handpicked the team to make our approach hyperlocal to the area. By working with experts who understood the nuances of Toronto’s development landscape, we were able to respond to the community’s wants and needs. Our approach was clearly successful, as evidenced by our People’s Choice win. I’m truly looking forward to the opportunity to showcase the excellent work our team has done in this award-winning community with this latest release of M2M Spaces.

What’s next for Aoyuan Canada?

Tightly connected with our Vancouver team, we see numerous opportunities in both cities and we are not limited ourselves to any specific type of development. Our immediate focus here in the GTA is M2M. We’re really excited to see how buyers respond to our new townhomes and exquisite tower suites. Because M2M is a multi-phased development, we’re staying focused on the subsequent launches still to come in this vibrant new community. There are some really incredible amenities for future residents to enjoy, such as a courtyard terrace, an infinity pool, a dog spa and business centre. We really designed this community to make it simple for residents to get everything they need at home.

And on a personal note…

If I wasn’t in the homebuilding industry, I would:

Pursue a career as a World Class Barista somewhere in Europe, making people happy with every cup of hand-crafted espresso!

My greatest inspiration in this industry is:

Our resilience. As an industry, especially here in the GTA, the “box” we work in is always changing and it forces us to be dynamic as a group, and I am inspired when I see great and practical solutions come to life via some of the best developers in the world in the form of vibrant communities – communities where people who come from all walks of life can truly live, work and play. It’s a testament to how our industry responds to market forces and how well it works with all levels of government and regulatory agencies.

When I’m not at the office, I am:

Walking! On a GTA golf course with friends and colleagues as much as I can… a great way to enjoy the outdoors!

aoyuaninternational.com

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

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

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

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

Fung: Last year saw the return to a more stable market, after the huge period of growth in 2017 and the year of uncertainty in 2018. The new home industry introduced a number of prominent new communities, many of which achieved a favourable reception. With interest rates still at historic lows and an ever-growing population, the GTA continues to be a prime destination for all. We would expect this trend to continue into 2020, with pent-up demand driving more developers to introduce new developments and communities into the marketplace.

Samson Fung
Samson Fung, Vice-President Marketing, Tridel

CL: And for Tridel?

Fung: We are very excited to introduce a number of new projects in the early half of 2020. These communities will be located throughout the GTA, including Toronto and Markham, with a focus on designing for the end-user. With prime locations and a variety of amenities, these new condominiums will suit the lifestyles of urban professionals, families and downsizers, as well.

In addition, we will be delivering keys to approximately 1,600 homeowners at our SQ2 community downtown Toronto, at Islington Terrace and Bloorvista in Etobicoke, at Selene and Avani2 at Metrogate in Scarborough, and finally in North York, to homeowners at Parfait, the final phase of our Atria community.

We will also be opening the doors to our Innovation Suite at Ten York. This tech-focused suite was designed to transform the way people live; showcasing technologies that were created to make life easier, more comfortable, and quite simply, better at home. The suite will also serve as a learning hub for the industry to learn about what’s new in housing technology.

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

Fung: Tridel is actively working with city planners to find solutions to the issues facing our industry. In the shorter term, the several launches we are planning for 2020 will comprise approximately 850 suites; therefore, increasing the overall supply for new homes available within the GTA. We are also partners with the Toronto Community Housing Corp. (TCHC), and we are working together to revitalize the Alexandra Park and Leslie Nymark communities. The TCHC townhomes at Leslie Nymark are well under construction; and at Alexandra Park we will be delivering occupancy to the townhomes early into the new year. In addition, we will be launching our third phase to this community, which will include a market condo tower with 174 suites, and include an affordable homes tower.

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

Fung: The development industry needs to address them directly, and with a united voice. While BILD and other organizations can help to bring these matters to the attention of the City and other legislative bodies within the GTA, the developers and builders of the industry all need to come together, identify the issues and agree to tackle them together so that we can support and implement the changes needed to make improvements.

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

Fung: It’s going to be a busy year! We will be launching four or five new projects within the GTA – specifically in Toronto, Markham and Etobicoke. We will be starting construction on four projects, including the condominium portion of The Well Signature Series at Wellington and Spadina, and on our Aqualuna project in the Bayside Toronto community. In Etobicoke, we’ll be starting construction on Evermore at our West Village community, and finally, on Chateau, the third phase of the Auberge on the Park community in North York. Final closings will be taking place at Avani2, Bloorvista, Islington Terrace, Parfait and Selene.

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

Fung: Our “Built for Life” motto reflects our commitment to quality in all that we build and do, from the homes we deliver to the lifelong relationships we build with our homebuyers. We have been building homes for more than eight decades, and we take our leadership role and responsibility seriously. Our reputation as one of Canada’s leading highrise developers is rooted in our dedication to customer service, innovation, environmentally sustainable designs, construction excellence, and most importantly, quality. All of this earned us the distinction as the 2019 Builder of the Year awarded by the Ontario Home Builders’ Association.

Our relationships with strong, highly-skilled trades have helped us deliver more than 85,000 homes in the GTA. Our trades share our commitment to quality, and we work together to deliver spectacular products to our homeowners at closing, with all of our suites undergoing rigorous quality assurance checks before residents receive their keys.

The communities we introduce in 2020 will be well-suited for an array of homebuyers, in a range of locations from serene greenery to the trendiest urban areas.

Special Report: Outlook 2020

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

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

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

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

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

Outlook 2020 – Nick Carnicelli, President, Carriage Gate Homes

Outlook 2020 – Fan Yang, Deputy General Manager, Aoyuan

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

 

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Outlook 2020 – Fan Yang, Deputy General Manager, Aoyuan

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Outlook 2020 – Fan Yang, Deputy General Manager, Aoyuan

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

Condo Life: How do you see the outlook for the new home industry in 2020?

Yang: Over the past decade, Canada has become one of the most livable, safe and prosperous housing markets in the world. The country is economically stable, has a good job market, is multicultural and diverse and enjoys a well developed public education and health system.

CMHC recently forecast that new home construction and sales in the GTA will be fully recovered in 2020, offsetting the downturn attributed to the mortgage stress test and foreign buyer tax. Several conditions support the economic growth and sustained high level of new home demand, including a population that continues to experience significant growth, low interest rates and a low unemployment rate.

Highrise projects have continued to experience the fastest appreciating residential property type for GTA new-home buyers. The residential highrise building boom in Toronto shows no signs of slowing, and industry observers believe the demand for condo projects in mixed-use communities will remain strong.

In 2020, we will also see a stronger emphasis on health, wellness and community focused amenities within new developments. Expect to see more projects with community centres, daycares and private amenity spaces where people can retreat from the hustle and bustle of the city. As core nodes of the city continue to intensify, the industry will be looking for new ways to make condo living easier and even more convenient. The rise of co-working amenity spaces in condos is another good example of this.

Fan Yang
Fan Yang, Deputy General Manager (Eastern Canada), Aoyuan Property Holdings (Canada) Ltd.

CL: And how does 2020 look for your company?

Yang: Aoyuan was founded on the basis on incorporating health and wellness amenities into residential developments, and our philosophy of healthy living has expanded to the creation of six different business verticals, ranging from real estate and hospitality to e-commerce. Our model creates communities that encourage people be active in their daily lives.

In every city we operate, Aoyuan handpicks local talent who understand the development landscape and nuances of the local market, bringing a hyper-local foundation to each project. Aoyuan International is rapidly growing, and we are expanding our business in the GTA with more projects in the coming year.

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

Yang: Condo living has become a very attractive option – not just for young professionals, but also for up-sizing young families and downsizing seniors. We focus on developing family-oriented products with thoughtfully designed suite layouts that really adapt to the needs of family, with amenities that support urban family living. We have responded to the needs of the market, designing some of our products to be geared towards larger families. For example, last year, at our M2M development at Yonge and Finch, we developed floorplans with dual master bedrooms suite that cater towards multi-generational living and co-housing, which received great market response.

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

Yang: The demand for affordable, family friendly product in Toronto is strong. We need more supply for this type of homebuyer. Designing for multi-generational living is more than offering our purchasers and residents a living space. We need to make it easy for people to lead healthy lifestyles in a welcoming community environment by building projects that are both beautiful and functional.

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

Yang: Aoyuan International takes a handson approach to ensure our projects’ quality and sustainability. We sourced local expertise and partners to establish a local presence in each market. We will be opening a new presentation centre for our Toronto master-planned community project – M2M – this spring.

Phase 2 of M2M is scheduled to launch in fall 2020, including tower, podium and townhome units. Located at the center of the M2M community, Phase 2 will be the pinnacle of this masterplanned development, including an integrated community centre with 46,000 sq. ft. of indoor and outdoor space, retail, offices and family oriented amenities that fits many lifestyles and families in different sizes.

CL: Why should prospective new-home buyers consider buying from your company this year?

Yang: M2M, winner of the BILD 2019 People’s Choice Award, is Aoyuan International’s largest master-planned development in Canada. As a complete live, work, play community on the Yonge Subway Line, this 8.6-acre development will transform the Yonge & Finch neighborhood.

Special Report: Outlook 2020

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

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

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

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

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

Outlook 2020 – Nick Carnicelli, President, Carriage Gate Homes

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

 

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Podium Developments Ironwood

Groundbreaking marks Phase 2 launch and Phase 1 sell out at Ironwood in North Oshawa

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Groundbreaking marks Phase 2 launch and Phase 1 sell out at Ironwood in North Oshawa

 

Podium Developments Ironwood
Back row, right to left, Oshawa Mayor Dan Carter; Podium Developments’ vice-president, development, Christian Huggett. Front row, right to left, Podium Developments’ Project Manager Hani Agha; Managing Director Oskar Johansson; Managing Director Bernard Luttmer; Regional & Oshawa City Councillor Tito-Dante Marimpietri; Building Capital Principal Saqib Qureshi; Cranson Captial Securities’ President Devon Cranson; Vice-President Business Development David Roff.
Photo: Robert Lowdon

Having sold out the first release, Podium Developments and Building Capital recently broke ground at Ironwood in North Oshawa and released Phase 2.

The development team welcomed community partners and visitors to celebrate this milestone at the townhome collection located just north of Simcoe Street North and Taunton Road in North Oshawa. Priced from the upper $400’s, a new release of lots is now available, including a limited number of park lots.

Ironwood is situated on a private street on an 11-acre property between Camp Samac and Oshawa Creek in Cedar Valley. The Ironwood community backs onto hundreds of acres of valley land, forest and stream, and is minutes to Cedar Valley Conservation Area, Centennial Park and Somerset Park.

In addition to being close to shopping, dining and entertainment, Ironwood is a 10-minute walk to the University of Ontario Institute of Technology and Durham College. Public transportation access is nearby, and residents can be at Hwys. 407 and 401 in less than 15 minutes.

Modern architecture

Sporting modern architecture, the three- and four-bedroom townhouses at Ironwood feature a private garage and driveway with two-car parking, plus either a backyard or rooftop terrace. Community amenities include a private landscaped park, community gardens, an off-leash dog park, children’s playground, walking path, tobogganing hill and a sports field with a seasonal ice rink – all backing onto the protected acres of ravine lands.

Townhome sizes range from a generous 1,521 to 1,865 sq. ft. Well-appointed open-concept interiors receive generous natural light from large windows that grace more than three full floors of living space. Among the standard features is nine-ft. ceiling heights on the main level. Adding to the convenience for Ironwood residents, a minimal maintenance fee of approximately $150 per month covers daily upkeep of landscaping, snow removal, and site and amenity maintenance.

Podium Developments and Building Capital have more than 25 years of combined experience. Podium Developments was founded in 2004 by successful professionals who share a new vision of excellence. The company has a proven track record in rezoning and developing sensitive urban infill locations. Founded in 2008, Building Capital has focused largely in North Oshawa, having built and sold several student housing projects and earned a reputation as one of Ontario’s leading student housing developers. Building Capital’s extraordinary knowledge of the North Oshawa area makes the firm the perfect partner for Podium Developments.

The Ironwood Towns Presentation Centre is located at 1700 Simcoe St. North, Unit B. Parking is available at the rear of this building. Hours are Monday to Thursday noon to 6 p.m., Saturday and Sunday noon to 5 p.m., Fridays closed. To register for the new release, call 905.576.0139 or visit myironwood.ca

 

RELATED READING

Oshawa and Whitby the next hot new destination?

 

 

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Parklands in Peterborough by Mason Homes

Parklands in Peterborough by Mason Homes

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Parklands in Peterborough by Mason Homes

Phase 4 Now Selling!

Set amidst natural woodlands, with numerous trails, landscaped parks and ponds at your door, Mason Homes‘ Parklands community has quickly become the address of choice for design savvy homebuyers looking to maximize their home buying dollar in Peterborough. Phase 4 is now selling and showcases brand new brick exteriors with walk-out lots available. With a full product mix of home styles – from detached singles and townhome courtyard designs, including the popular adult lifestyle Condo Villa towns – Parklands has a home to suit every lifestyle!’

No matter which home style you choose, each residence offers the finest in features and finishes, with flowing open-concept interiors that are bright and spacious. Design highlights include soaring nine-ft. main floor ceilings, gourmet-inspired kitchens, inviting Great Rooms with available gas fireplaces, direct access double car garages, main floor laundry rooms and optional finished basements.

Close to cottage country and just minutes from the many amenities and attractions that Peterborough has to offer, this is the perfect location for those looking to get the most out of their lifestyle!

MASON HOMES
Parklands, Peterborough

Sales Centre: 1224 Chemong Rd., Peterborough
Hours: Monday to Thursday, 11 a.m. to 5 p.m. Weekends 10 a.m. to 5 p.m. Closed Fridays

705.741.3676

masonhomes.ca


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The Davis Residences, Newmarket

In Conversation With… Daniel Berholz, President, The Rose Corporation

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In Conversation With… Daniel Berholz, President, The Rose Corporation

Daniel Berholz, The Rose Corporation
Daniel Berholz
President
The Rose Corporation

Attainable homeownership options are growing more and more important each day, as rising prices and tightening new home supply severely limit buying opportunities and locations.

The Rose Corporation is intent on doing something about that.

With – to get further insights into how The Rose Corporation plans to achieve these objectives.

Condo Life: The Rose Corporation seems like a bit of a different real estate company… What is it readers really need to understand about your firm?

Daniel Berholz: The Rose Corporation has had a diverse history over almost 40 years and has had experience and expertise in many forms and tenures of real estate and other businesses as well. Currently, however, Rose is a developer of visionary residential communities (both condominium and freehold) and a developer/owner of purpose-built rental properties.

CL: What is your primary focus in the GTA, in terms of both geography and product type?

DB: Newmarket has been a big focus for us recently. We just introduced Newmarket’s first new highrise condominium in more than 30 years – The Davis Residences at Bakerfield. We’ll be hosting our Grand Opening sales event on Saturday, Sept. 21 at 11 a.m. The Davis is part of a master-planned community that will consist of other similar buildings which will be high end rental buildings or condominiums.

The Davis Residences, Newmarket
The Davis Residences, Newmarket

Our King George School Lofts & Town Homes development is another community in Newmarket that we’re really proud of. It comprises 11 condo lofts within the old school building surrounded by 14 two-storey freehold townhomes.

As well, we recently completed the first privately funded, purpose-built market rental apartment tower in York Region since the 1980s, called 212 Davis Apartments – a 15-storey, 225-unit building.

In Kitchener, we are active in the purpose-built rental development market with the introduction of our first project, Woodside Terraces, which included 103 suites. The second phase will include 91 units and will feature a new wing being built on excess land.

And at 388 King St. in downtown Kitchener, we recently broke ground on a seven-storey, 70-unit purpose-built rental apartment.

CL: Who are your target clients? Purely investors? Homebuilders? Or homebuyers who want to become real estate investors?

DB: Our target clients are homebuyers who are looking for valuable, quality homeownership opportunities. We are focused end-users – from first-time buyers looking for their first home purchase, families who need more room to grow and even empty-nesters who are seeking more maintenance-free housing options with plenty of lifestyle amenities.

Our target clients also include investors who are seeking to diversify their real estate portfolio.

CL: How’s the market these days for the products that you offer?

DB: The market is strong for condo developments, which provide more affordable homeownership opportunities for first-time buyers and turnkey options for empty nesters who want to sell their large homes and keep a tidy savings for their retirement.

The Davis Residences lobby, Newmarket
The Davis Residences lobby, Newmarket

As more people are looking to move out of the GTA due to affordability, municipalities such as Newmarket, that were once viewed as bedroom communities, have been attracting more people to the area because buyers can get better value.

And with companies such as Celestica and York Region headquarters moving into Newmarket, this only adds to the demand of alternative to lowrise housing, such as condos and purpose-built rentals, which are more attainable options for commuter employees seeking to live closer to work.

CL: For residential offerings, affordability and “missing middle” type housing are key issues. How does The Rose Corporation address these issues in its projects?

DB: One of our primary focuses is working collaboratively with all levels of government on all of our projects so that together, we can deliver the type of housing that is needed to provide a complete community in the areas we develop.

Increases in prices for ground related housing have made ownership unattainable for many people over the past number years in Newmarket. The Davis Residences will provide the area the first opportunity to own new quality housing at affordable prices.

As well, Rose’s purpose-built rental housing developments provide affordable alternatives within their communities. This includes 212 Davis Apartments in Newmarket. This building leased up quickly due to its attractive and affordable price point relative to other options in the area.

CL: The Rose Corporation was nominated for the People’s Choice Award in the 2019 BILD Awards for your King George School Lofts & Town Homes development. What was it about this project that made it so special?

DB: King George School Lofts and Town Homes repurposes one of downtown Newmarket’s oldest and most beloved properties. The creation of this trendsetting new address, offering 11 condominium lofts within the old school building surrounded by 14 two-storey freehold townhomes, sets a new bar for innovative design.

Loft homes range from 640 to 1,250 sq. ft., while townhomes offer nearly 2,200 sq. ft. of magnificent living space. Both lofts and towns feature exceptional architecture and finishing features designed to reflect the ultimate in contemporary living. The architecture combines Victorian and Edwardian heritage with modern luxury. The project is set within a lush perimeter of 100-year-old trees, century old heritage buildings and iconic historical landmarks just steps from the historic downtown core of Main Street offering extensive amenities, shops, cafes and restaurants.

CL: What did you learn from that project, or the experience of being nominated for an award that consumers vote on, that you’re carrying forward to future projects?

DB: It’s always important to validate that what you think you’re doing well is widely recognized as such. We are still thrilled to win awards, but that’s not what we set out to do. Rose prides itself as an innovative developer.

Our big push now is to develop purpose-built rental apartments and condominiums to address the critical shortage of housing that is affordable that seniors, single and families alike need – and need now.

The Rose Corporation management team
Left to right, The Rose Corporation’s Project Manager David Bannerman; President Daniel Berholz; and Vice-President Andrew Webster

CL: What’s next for The Rose Corporation? Ideally, tell us something that isn’t largely publicly known…

DB: What most don’t know is that we are growing our executive management team. Rose has been active since 1983, and now a new generation of managers is transitioning as the old guard cedes authority and responsibility.

Fortunately, several senior members will remain with reduced roles. Now we will have the experience of a generation and the energy, skills and enthusiasm that a youthful team brings.

We are very excited to soon announce new partnerships with some experienced and well-known financial entities. These partnerships will allow us to advance our development aspirations with landowners we are in active discussion with.

The geography remains outside Toronto and includes locations in Peel, Halton and York regions, as well as new deals within the communities we are currently active in, Kitchener and Newmarket.

rosecorp.com

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Heathwood Eleven Altamont

Coming soon to North York – Eleven Altamont by Heathwood Homes

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Coming soon to North York – Eleven Altamont by Heathwood Homes

Heathwood Eleven Altamont

If you’re scouting about for new lowrise home options, take note: Eleven Altamont, by Heathwood Homes, is set to launch this fall.

Urban living on Yonge Street is what Eleven Altamont is all about, with luxury townhomes from 1,708 to 2,504 sq. ft., in two- and three-bedroom configurations.

Rich, dark charcoal brick and beige stone set the tone of sophistication for these luxury townhomes in a master plan around a landscaped courtyard garden. Inside, the homes offer large contemporary, open concept designs finished with only the finest in luxury appointments. Even more, each incorporates the flair and flexibility of a custom home catering to your own family’s unique needs. Choose whether you want your master suite on the second or third level. Select the most convenient location for your laundry and choose if you want a third bedroom or a family room. This is sophisticated urban living taken to the next level.

Heathwood Eleven Altamont

In the heart of North York

Set amidst tree-lined streets in the very heart of one of North York’s most sought-after established neighbourhoods, Eleven Altamont will afford cosmopolitan living in an intimate residential enclave, only minutes from everything that matters. Live just steps away from schools, parks, transportation and fabulous shopping.

Vibrant outdoor living is an integral part of Eleven Altamont. At the centre of the community is a landscaped courtyard where residents come together to relax, mingle and socialize. Walkways, trees and a parkette offer a soothing touch of green, while shaded benches invite you to rest and watch the world go by. This is your sanctuary, a retreat to come home to after a busy day.

Stroll through parks, savour international cuisines, send your kids to the best schools, enjoy a theatre production, hop on the subway and be downtown in minutes. Edithvale Park and Community Centre is steps away and offers a host of fun children’s activities, the Toronto Centre for the Arts provides world-class entertainment, and Mel Lastman Square hosts numerous civic events.

Heathwood Eleven Altamont

Highlight features include an eight-ft. front door, smooth nine-ft. ceilings throughout all three levels, eight-ft. interior doors with stained nickel lever handles and hinges, central air and a Smart Home Package that includes a home hub, smart thermostat video doorbell and more.

The master ensuite boasts an upgraded furniture-style vanity and free-standing tub and frameless glass shower with rain shower-style showerhead. For all bathrooms, you have your choice of granite or quartz countertops.

Epicurean tastes

For epicurean tastes, gourmet kitchens come with custom designed cabinetry with extended upper cabinets, your choice of granite or quartz square edge countertops, choice of designer selected tile backsplash, soft close doors and drawers and a premium appliance package.

Step outside your new luxury town and into the nearby great outdoors, with private rooftop terraces with a natural gas barbecue connection, on each terrace, and exclusive shared outdoor amenities, including seating areas, exercise areas, bicycle storage, pet zones and play areas.

Register now at heathwood.com

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Aurora Glen – Townhomes -Lindvest

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Aurora Glen – Townhomes -Lindvest

Our designer inspired and decorated model home at our Aurora Glen Community.

Aurora Glen – Townhomes – Laurel from LINDVEST on Vimeo.

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The Clarkson Townhomes

The Clarkson Townhomes inspired by life on the GO

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The Clarkson Townhomes inspired by life on the GO

What if there was a place that felt like home but was changing right before your eyes? Clarkson Village is that place where you can unwind and relax, lounge or stroll. You’ll always find something exciting happening right around the corner.

In the heart of it all is The Clarkson Urban Towns by Haven Developments. Located in south Mississauga’s prestigious Clarkson Village at 2200 Bromsgrove Rd., this community will allow you to experience urban living to the fullest.

The Clarkson keeps you close to what’s important for everyday life. Conveniences like grocery stores and pharmacies make it easy to shop for much-needed essentials, including a new Loblaw’s pick-up location at the Clarkson GO Station. Become part of a growing community with a local scene of boutique shops, activities and restaurants.

These spacious and stylish townhomes inspire peaceful moments on your own or exciting celebrations with friends. Featuring meticulous attention to detail, a well-designed floorplan to maximize space, and luxurious interior finishes such as quartz, glass tile and options such as brushed gold accents to complete the look.

Haven Developments creates communities that complement and enrich the lives of homeowners. The company designs properties that feel like home and connect you to the city you love. Being connected is something Haven achieves in proximity to transit, nature, and amenities. In fact, one of its most distinctive philosophies is that it builds only in locations with superior access to transit.

At The Clarkson you’ll discover transit options that will quickly get you to your desired destination. With GO at your doorstep, get to Union Station in 25 minutes flat. Nearby highways take you through the GTA and beyond. Gain easy access to Toronto and Pearson International Airport.

GO Transit operates three train lines and several GO bus routes through Mississauga. MiWay is the primary bus operator with a dedicated and fast east to west bus-only roadway. MiWay’s routes connect with GO Transit commuter rail and intercity buses. The system also connects with Brampton Transit to the north, Oakville Transit to the west, York Region Transit (YRT) to the northeast, and the Toronto Transit Commission (TTC) to the east.

Thanks to Loblaws and Metrolinx you can order groceries online and pick them up at the Clarkson GO Station on your way home from work, in time to prepare a fresh meal — just one of the many perks this location has to offer.

Most people have no idea how much greenspace Mississauga has. The outdoor enthusiast is sure to find their haven with miles of walking trails, boardwalks and a scenic cycling path along the Lakeshore. Discover the new Bromsgrove and Sheridan Creek trails across the street from The Clarkson.

The proximity to Port Credit, only a five-minute ride on the GO, is certainly a draw as Mississauga’s entertainment hub for shopping, dining and entertainment.

Need any more reasons to love life at The Clarkson?

Haven is having a public launch in February. Register at the website to receive updates on this development.

theclarkson.ca


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New home sales

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

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

New home sales

Last year saw the lowest total sales in almost 20 years in the GTA new home market, the Building Industry and Land Development Association (BILD) reports.

Overall in 2018, there were 25,161 new homes sold in the GTA, according to Altus Group, BILD’s official source for new home market intelligence, making 2018 the year with the lowest number of new home sales in the GTA since Altus Group started tracking new home data in 2000.

New record low

There were 21,330 condominium units sold in 2018, including those in low-, mid and highrise buildings, stacked townhouses and loft units – down 38 per cent from 2017 but only four per cent less than the 10-year average. Setting a record low since Altus began tracking new home data in 2000, there were only 3,831 single-family homes sold in 2018, including detached, linked and semi-detached houses and townhouses (excluding stacked townhouses). This is down 50 per cent from 2017 and down 74 per cent from the 10-year average.

“A number of factors combined to produce the drop in GTA new home sales in 2018,” says Patricia Arsenault, Altus Group’s executive vice-president, Data Solutions. “More stringent mortgage stress testing, rising interest rates and lack of single-family product affordable to a broader range of buyers all played a role. As well, the record new condo apartment sales in 2017 brought forward some demand that would otherwise have occurred in 2018.”

In December, the benchmark price for new condos was $796,815, up 11.2 per cent over the last 12 months. The benchmark price for single-family homes was $1.14 million, down 6.7 per cent over the last 12 months.

Out of balance

“From our point of view, the market is out of balance,” says David Wilkes, BILD president and CEO. “We must continue to work with all levels of government to ensure that policies don’t artificially price consumers out of the market.

“We commend the provincial government for taking action toward increasing housing supply in Ontario,” Wilkes adds. “We join other industry groups in calling on the federal government to revisit the stress test and allow a longer amortization period for first-time buyers. And we look forward to working with our municipal partners on removing barriers to development such as excessive red tape and outdated bylaws.”

At the end of December, there were 15,768 new homes available for purchase, comprised of 10,687 condominium units and 5,081 single-family homes. Remaining inventory includes units in preconstruction projects, in projects currently under construction, and in completed buildings.

 

December New Home Sales by Municipality

December 2018 Condominium apartments Single-family Total
Region 2018 2017 2016 2018 2017 2016 2018 2017 2016
Durham 40 17 50 44 15 75 84 32 125
Halton 48 163 59 21 47 93 69 210 152
Peel 108 89 130 32 11 152 140 100 282
Toronto 479 404 1,684 9 8 31 488 412 1,715
York 129 195 345 30 62 274 159 257 619
GTA 804 868 2,268 136 143 625 940 1,011 2,893

Source: Altus Group

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GTA new home market back to typical sales and openings levels in November

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

GTA condos lead resale price growth in 2018

 

 

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