Tag Archives: York Region

Local Focus: Vaughan

Vaughan is on the move – in more ways than one

Latest News


Vaughan is on the move – in more ways than one

Vaughan is a city on the move – quite literally, and in more ways than one. Located north of Toronto in York Region, Vaughan has long been one of the fastest growing municipalities in Canada, with a population now exceeding 306,000.

Comprising the Woodbridge, Maple, Thornhill, Concord and Kleinburg communities, each with their own characteristics and enjoying their own growth, Vaughan is a hub of development and activity. Once known as the city above Toronto, it’s now “the place to be.” And with good reason.

Hub of activity

With Hwys. 400 and 407 right there, and Hwy. 7 also running through town, transportation and transit have long been important parts of Vaughan. Now they’re central to its future, with the new Vaughan Metropolitan Centre rapid transit station, the north terminus of the western section of the Toronto subway’s Line 1. It is also a major transit hub for York Region Transit and the Viva and Zum bus rapid transit services.

Economic growth is occurring in lockstep. Vaughan is now the third largest employment centre in the GTA after Toronto and Mississauga, and the largest contributor to York Region’s economy.

Manufacturing is the star economic performer here, accounting for 22 per cent of total employment, followed by construction, retail and wholesale trade, and transportation and warehousing. United Parcel Service, in fact, operates a signature shipping warehouse near Jane and Steeles.

In the near future, you can add healthcare to the mix of economic and lifestyle benefits, as the City has entered into a first-of-its-kind partnership with Mackenzie Health, York University and ventureLAB.

The City is leading the collaboration to transform an 82-acre parcel of land at Jane Street and Major Mackenzie Drive into the Vaughan Healthcare Centre Precinct. Vaughan, York University, Mackenzie Health and ventureLAB are to study to the best use of lands surrounding the site of the Mackenzie Vaughan Hospital.

The goal of the collaboration is for the Vaughan Healthcare Centre Precinct to leverage resources to bring healthcare, innovation and jobs to this growing community.

“This feasibility study is an illustration of how partnerships can be truly effective when values, principles and beliefs are perfectly aligned,” says Vaughan Mayor Maurizio Bevilacqua. “The new state-of-the-art Mackenzie Vaughan Hospital will be a catalyst for other uses, like medical offices, labs and research space, healthcare incubators, and education and conference rooms related to healthcare. This is where thought leaders, subject matter experts and innovators will come together to advance a shared vision of healthcare innovation. This transformational collaboration will benefit the healthcare of residents of Vaughan and beyond.”

Lowrise living

Though Vaughan is noteworthy for a lot of condominium development centring around new transit infrastructure, there’s also noteworthy new lowrise communities in the area. This is where buyers come for expansive single-detached homes and large lots.

And once you’ve bought a home in Vaughan, Improve Canada will help you furnish and operate it. Located in Concord and more commonly known as the Vaughan Home Improvement Centre, the complex is a unique offering of about 400 home improvement stores.

Location, location, location

Located in the Regional Municipality of York; bounded by Brampton to the west, King to the north, Markham and Richmond Hill to the east and Toronto to the south; more than 273 sq. kms; population 306,233; includes the communities of Concord, Kleinburg, Maple, Thornhill and Woodbridge.

Key landmarks

  • Canada’s Wonderland
  • Kortright Centre for Conservation
  • McMichael Canadian Art Collection
  • Reptilia Zoo
  • Vaughan Home Improvement Centre
  • Vaughan Metropolitan Centre
  • Vaughan Mills

Select housing developments

Adesso Modern Towns by Capital North Communities

Copperwood by Sorbara Group

CountryWide Homes in Woodbridge by CountryWide Homes

New Kleinburg by Paradise Developments

New Kleinburg by Arista Homes

New Kleinburg by Fieldgate Homes

Port Royal Collection at Kleinburg Crown by Caliber Homes


SHARE  

Featured Products


The Davis Residences, Newmarket

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

Latest News


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

SHARE  

Featured Products


York

Province rejects York’s request for more revenue tools

Latest News


Province rejects York’s request for more revenue tools

York

Homebuyers and owners, maybe you do have a friend in the Province.

The Ontario Conservative government has declined a request by the Regional Municipality of York for the authority to levy additional revenue tools, including municipal land transfer taxes.

The Toronto Real Estate Board (TREB) applauds the Province for taking a strong stand in support of homebuyers and sellers.

TREB says it has spoken out against the use of land transfer taxes as an “unwise” and “unfair” method for municipalities to raise revenue.

Had it been approved, the request would have given York Region the freedom to impose new taxes on items such as vehicle registration, land transfer, alcohol, entertainment and amusement, parking and tobacco.

“We are encouraged that the provincial government recognizes the pressures facing consumers and the potential negative impacts of municipal land transfer taxes,” TREB says. “(We) will continue to speak out to protect the interests of home buyers and sellers.”

RELATED READING

5 steps to solving the housing affordability issue in Ontario

 

SHARE  

Featured Products


property_brothers_fi

Property Brothers want you!

Latest News


Property Brothers want you!

The Emmy-nominated Property Brothers — starring twins Jonathan and Drew Scott — is now casting in York Region and North York its next season in the fall of 2017.
We are looking for:

  • Fun, interesting and opinionated people who want to renovate a fixer-upper
  • Interested candidates must live in the GTA and be moving to or moving within North York or York Region.
  • Must have a minimum renovation budget of $100,000.
  • Must have financing in place, ready to spend.
  • Candidates must be flexible and available for up to 10 days of filming, staggered over seven weeks.

Benefits to being on the show:

  • Homeowners receive $20,000+ value towards their renovation.
  • All renovations will be complete in seven weeks.
  • All budgets include not only construction of three to four rooms, but also furnishings, appliances and all the bells and whistles in each fully designed space.
  • Expert design and construction help from Jonathan Scott and his team.

Anyone interested can apply directly on our casting website: https://propertybrothers.castingcrane.com

SHARE  

Featured Products