gta new home guide - may 3, 2014

INSIDE THIS ISSUE

TARION CONFERS 2014AWARDS OF EXCELLENCE

10 TOP TIPS FORNEW HOME SHOPPING

FIRST-TIME BUYERS BUDGET FOR HIGHER PRICES

Monarch stunning models. The jewels of Kleinburg Crown Estates

May 3 - 17, 2014 Volume 22 Issue 9

001 NHGTA-Cover-05-03-2014-TL_FIN.indd 1 14-04-28 4:13 PM

Aspen Ridge Homes. Prices and specifications are subject to change. See sales representative for details. All Rights Reserved. E.&O.E. February 2014.

ASPIREFOR OPENCONCEPT

DESIGNS THAT FEEL INTIMATE.What makes for good design? At Aspen Ridge, we believe its the moment your aspirations become actualizations. The moment your dream kitchen becomes a space where you sip, stir and savour in. When interiors not only have the best finishes, but the finishes that work best with your tastes. Trends fade. Style changes. But good design, it withstands the test of time. Its what you aspire for.

Model Homes Now Open at

Aspire to great design.

test of time. Its what you aspire for.

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MODEL MANIANOW SHOWING5 Communities and 9 models from 3 of Torontos leading interior designers.

Upper CornellMARKHAM

Kettle Lakes Club RICHMOND HILL

King Country Estates NOBLETON

Kleinburg Hills KLEINBURG

King Oaks KING CITY

MORE INFO ATaspenridgehomes.com

NOW OPENCredit Manor Heights& Mayfi eld Village

BRAMPTON

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COMING SOONUpper West SideTHORNHILL Woodland Hills NEWMARKET

REGISTER NOW AT aspenridgehomes.com

contentsMay 3 - 17, 2014 || voluMe 22 issue 9

community focus features24 South Brampton

Fieldgate Homes New release of 38- and 41-ft. singles and semis at Valleylands

38 Brampton Great Gulf Much-anticipated Westfield community now open

40 Markham Madison Homes Introducing two new designs in Cornell Rouge

48 Markham CountryWide Homes Prepare for a bright future at Wismer Commons

on the cover

p. 32Monarch

Stunning models the jewels of Kleinburg Crown Estates

INSIDE THIS ISSUE

TARION CONFERS 2014AWARDS OF EXCELLENCE

10 TOP TIPS FORNEW HOME SHOPPING

FIRST-TIME BUYERS BUDGET FOR HIGHER PRICES

Monarch stunning models. The jewels of Kleinburg Crown Estates

May 3 - 17, 2014 Volume 22 Issue 9

001 NHGTA-Cover-05-03-2014-TL_FIN.indd 1 14-04-28 4:13 PM

58 Mount albert Rosehaven Homes Spring has sprung at Rosehavens Victoria Highlands

62 Multi-site Brookfield Residential offers two new communities in Tottenham and Aurora

84 Milton Mattamy Homes Great variety for spring growth in Hawthorne Village

HoMeBuyeRs Help

90 Your First home First-time buyers increasing budgets to prepare for higher prices

111 resource Section Mortgage Calculator and Rate Table

115 Gta hot Sheet Two pages of new openings, new releases and preview registrations

in tHe neWs

44 tarion Warranty corp. Tarion names 2014 Awards of Excellence winners

64 the Mikey network makes $500,000 commitment to place defibrillators in Peel schools

82 two Men and a truck celebrates corporate store grand opening in Mississauga

104 DrhBa Durham Region Home Builders Association confers annual awards

105 Minto Kingmeadow in Oshawa nets three DRHBA Awards of Excellence

90

84

48

regular and special featuresin eveRy issue

4 editors note 10 contributors 54 hot Dates 118 ad Index

ColuMnists

14 BILD report Building up in the new home market by Bryan Tuckey

28 Fundamentally Speaking Buying your first home? Tips to help guide your decision by Wayne Karl

34 taxing Issues Determining your deductions by Henry Choo Chong

46 Mortgage Finesse Do you know how your mortgage provider gets paid? by Calum Ross

50 Industry outlook From below the ground up by Hugh Heron

52 Legally Speaking When buying your first home, due diligence is a must by Jayson Schwarz

66 Industry Insider Your handy new home shopping Top 10 List by David Hirsh

68 the tax Man Capital gains versus income intention matters by George Dube

86 Money Matters Fixing your credit history steps to get back on track by Gail Vaz-Oxlade

To each his own, as the saying goes, and when it comes to choosing what type of new home to purchase, todays buyers have plenty of options. For some, choices are dictated primarily by budget, location or family circumstances; for others, financial freedom and where they are in life may allow them to select purely by home type.

Indeed, the answer to this question varies and depends on many factors. One common mistake buyers particularly first-timers make is buying more home than they can handle. Experts agree making yourself house-

What type of home?When answering this question, be sure to take all factors into consideration

New home experience Make wise choices and enjoy the process

When only a new home will do, those in the market will be pleasantly surprised by the exceptional value and attention to detail a new home offers.

When you buy new, you dont inherit somebody elses worn carpeting, personal taste in kitchen appliances or paint colour preferences. You get a fresh, clean space thats waiting for your personal imprint.

If youve always fantasized about buying a brand new home, here are a few tips that can help you make the process a pleasant one: Shop the mortgage market to see

what you can afford before you start your hunt;

Obtain a lawyer who is willing to review your offer and close the deal;

Dont be persuaded by high pressure sales tactics while youre out shopping;

//editors Note

poor is not a wise decision, and the best news is that with the variety of product available from builders today, you are sure to be able to find a new home that suits your taste and budget.

Its also important to remember that homeowners buy and sell many times over in their lifetime, so if your first or second home isnt quite your dream home, you can always plan to move up, downsize or adjust however you need to in your homeowning future.

And as a number of stories in this issue illustrate, builders offer excellent, award-winning homes to suit just about everyone. Get out there and explore!

Determine which options and upgrades you want as part of your offer and ensure your lender will finance whats required, if needed;

To save money, consider which upgrades you could purchase and install yourself after the sale closes. Some upgrades such as rough-ins and wiring inside the walls are easier to do before construction.

Factors such as the cost of the home, neighbourhood, lot size and special features play a big role in your final decision. Determining which features your new house absolutely must have, and which features you could live without, should be among your first steps in the home-buying process.

We hope you enjoy this issue of New Home Guide. Let us know what you think! Wed love to hear from you.

SuSan Legge editor-iN-chief Wall2Wall Media [email protected]

Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook. Search: New Home Guide

Wayne KarL editor Wall2Wall Media [email protected]

Follow me on Twitter at Twitter.com/WayneKarl Like us on Facebook. Search: New Home Guide

4 New home guide gTA | may 3 - 17, 2014

MAY 3 - 17, 2014 | NEW HOME GUIDE GTA 5

menkes.com

Your Life Storey always comes rst.2013 Tarion Award of Excellence Finalist

For the last sixty years, Menkes has been a central chapter in the Life Storeys of so many. Menkes has always focused on building

homes in the citys most desirable and accessible locations. Discover elegant family homes in communities across the Greater

Toronto Area that exude this companys trademark character, charm and lasting value. Come home to Menkes today, where

your Life Storey always begins and ends with total customer satisfaction.

menkes.comFacebook.com/MenkesLife @MenkesLife

menkes.comPrices and speci cations are subject to change. E.&O.E. March 2014.

NOW OPEN

Burnhamthorpe Rd. & West MallEtobicoke

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Browns Line & Evans Ave.Etobicoke

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mattamyhomes.com

All illustrations are artists concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

Follow us:

Find Your New Home Exactly Where You Want To Live.

Today youll find great new communities and great new releases in many of our most popular neighbourhoods. You can also tour Model

Homes in The Preserve in Oakville and Wildflowers in Kitchener.

Spring is the perfect time to search for a new home and youll find fresh new Mattamy homes in all the right places.

The Oriole Corner Model Home In The Preserve, Oakville.

AURORA BRAMPTON

KITCHENER OAKVILLE

FORESTAU RO R A

St. Johns

Townhomes From $354,990 ~

Detached Homes From $654,990Sales Centre: 1280 St. John's Sideroad

A Whole New Phase Of Prestigious Homes Is Now Open In St. John's Forest.

Get Connected To Our New Release Of Townhomes & Detached Homes.

Townhomes From $324,990~

Detached Homes From $384,990Sales Centre: 6 Worthington Avenue

Sales Centre: 179 Seabrook Drive


Detached Homes From $299,990Coming Soon! Live/Work Townhomes

Register Today At: mattamyhomes.com

A New Release & 4 New Detached Model Homes Now Open!

Find The Art Of Model Homes At A Whole New Level In The Preserve.

OAKV ILLE

PRESERVETHE

Sales Centre: 1388 Dundas Street West

Presentation Centre Hours: Monday - Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pmWildflowers & Preserve Model Home Hours: Monday - Thursday 1pm-7:30pm; Friday 1pm-5:30pm;

Saturday, Sunday and Holidays 11am-5:30pm

45' Home, The Orchid E, 3,556 Sq.Ft., $869,990

3-Storey Townhome, The Chatsworth B, 1,474 Sq.Ft., $329,990

Elev. B

36' Home, The Wintergreen A, 2,339 Sq.Ft., $397,990

Work Where You Live In The Preserve

NH&C_dps_All Sites_April26.indd 1 14-04-23 1:58 PM

8

mattamyhomes.com

All illustrations are artists concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

Follow us:

Find Your New Home Exactly Where You Want To Live.

Today youll find great new communities and great new releases in many of our most popular neighbourhoods. You can also tour Model

Homes in The Preserve in Oakville and Wildflowers in Kitchener.

Spring is the perfect time to search for a new home and youll find fresh new Mattamy homes in all the right places.

The Oriole Corner Model Home In The Preserve, Oakville.

AURORA BRAMPTON

KITCHENER OAKVILLE

FORESTAU RO R A

St. Johns

Townhomes From $354,990 ~

Detached Homes From $654,990Sales Centre: 1280 St. John's Sideroad

A Whole New Phase Of Prestigious Homes Is Now Open In St. John's Forest.

Get Connected To Our New Release Of Townhomes & Detached Homes.


Detached Homes From $384,990Sales Centre: 6 Worthington Avenue

Sales Centre: 179 Seabrook Drive


Detached Homes From $299,990Coming Soon! Live/Work Townhomes

Register Today At: mattamyhomes.com

A New Release & 4 New Detached Model Homes Now Open!

Find The Art Of Model Homes At A Whole New Level In The Preserve.

OAKV ILLE

PRESERVETHE

Sales Centre: 1388 Dundas Street West

Presentation Centre Hours: Monday - Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pmWildflowers & Preserve Model Home Hours: Monday - Thursday 1pm-7:30pm; Friday 1pm-5:30pm;

Saturday, Sunday and Holidays 11am-5:30pm

45' Home, The Orchid E, 3,556 Sq.Ft., $869,990

3-Storey Townhome, The Chatsworth B, 1,474 Sq.Ft., $329,990

Elev. B

36' Home, The Wintergreen A, 2,339 Sq.Ft., $397,990

Work Where You Live In The Preserve

NH&C_dps_All Sites_April26.indd 1 14-04-23 1:58 PM

9

mortgage finesse Calum RossCalum Ross is senior vice-president and practicing mortgage agent with The Mortgage Centre. He has appeared on Canada AM, Investment Television, BNN and Citytv. He holds an MBA in finance and is an Accredited Mortgage Professional. He can be reached at 416.410.9905

contributorsNew home guide

BiLD report BRyan TuCkeyBryan Tuckey is President and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and BILDs official online blog (bildblogs.ca)

taxing issues HenRy CHoo CHong, CGAHenry Choo Chong is a certified general accountant. Henry sits on many committees and provides accounting and tax advice to individuals and businesses in the GTA. Send your tax questions via email to Taxing Issues at: [email protected]

LegaLLy speaking Jayson sCHwaRz Schwarz Law -Barristers and Solicitors

Jayson Schwarz LL.M. is a Toronto real estate lawyer and partner in the law firm Schwarz Law LLP. He can be reached by visiting schwarzlaw.ca or by email at [email protected] or phone at 416.486.2040

tHe tax man geoRge e. DuBe CA, CPA, LPA, is a real estate investor and Chartered Accountant and partner with Peter Cuttini, Dube & Cuttini Chartered Accountants LLP. He has written and contributed to articles and co-authored two books. [email protected], dubecuttini.com, Twitter @dubecuttini.com1.877.475.3823

vice-presiDent, WaLL2WaLL meDia

Jacqueline HilleDitor-in-cHief / Director of content

Susan LeggeDirector of saLes, nationaL

Josh HeppnersaLes manager neW Home guiDe gta, neW conDo guiDe, Home Dcor & renovations

Conni Robinsonassociate puBLisHer, neW Home & conDo guiDe sWo, LifestyLe communities

Susan Maxwell art Director

Tammy Leung

eDitor

Wayne KarlcontriButing eDitors

Sara Duck, Elisa Krovblit Lydia McNutt

senior account executive

Nina Downs [email protected] senior account executive Dionne Fraser [email protected] & marketing co-orDinator

Terry BassettDistriBution & saLes co-orDinator

Jennifer BistronaDministrative assistant

Antoinette Jackson

proDuction manager

Bala GnanapandithanproDuction co-orDinator

Sandra Hanak-VujnovicgrapHic Designers Mike Terentiev, Caroline Wassef, Hannah Yarkony

nationaL account manager, meDiative

Paul Slizys

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867newhomeguide.ca ADVERTiSiNG Call 416.626.4200 for advertising rates and information. CiRCuLATioN Free distribution in select high-traffic street boxes, stores, banks, financial institutions and select condominium sales offices.CoPYRiGHT 2014 All rights reserved by New Home Guide, Toronto, Ontario, Canada. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.TERMS Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E.EDiToRiAL Submissions from interested parties will be considered. Please submit to the editor at [email protected].

Please recycle this magazine! Wall2Wall Media participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.

inDustry outLook HugH HeRonHugh Heron is principal and partner in the Heron Group of Companies and president of Heathwood Homes, as well as a former member of the board of directors of Canada Mortgage and Housing Corp., and a past president of the Toronto Home Builders Association and the Ontario

inDustry insiDer

DaviD HiRsHDavid Hirsh is President and CEO of Brandy Lane Corp. Hirsh prides himself on his hands-on approach to all stages of the development and building process. The companys newest community is Wyldewood Cove, coming soon to Collingwood. Visit brandylanehomes.com

money matters gail vaz-oxlaDeGail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade

Published By


Sales office located at the S/E corner of Cornell Centre Blvd. and 16th Ave. Open Monday to Thursday from 1 to 8 p.m.; Friday by appointment only; Weekends and Holidays from 11 a.m. to 6 p.m.

Renderings are artists concept.* Specifi cations are subject to change without notice. E. & O. E. See Sales Representative for details.

cornellrouge.com

Freehold Townhomes featuring 2 master bedrooms -

each with a Semi-Ensuite

Singles on 30, 36 & 40 lots

Markham

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$500'sfromthe low From 1,737 Sq.ft. $600'sfromthe From 2,057 Sq.ft.

Tour our professionally decorated models8

Cornell Community Centre & Library with Over

70,000 sq. ft. Now Open at Your Doorstep.

Release of New Home Designs! Visit us Today!

MADI-COR-A-AD-NHC-MAR13-2.indd 1 14-03-14 10:01 AM

11

12 NEW HOME GUIDE GTA | MAY 3 - 17, 2014

by bryan tuckey

Building up in the new home market

//bild report

There has been considerable discussion on the state of the GTA condo market. BILD has always been of the view that the market fundamentals remain strong, and new figures show the strength of recent condo sales.

RealNet Canada Inc., BILDs official source for new home market intelligence, is reporting that there were 4,127 new home sales in March. That figure is up 87 per cent on March 2013, and up 20 per cent from the 10-year average.

Highrise sales saw a spike of 105 per cent from March 2013, and were up 42 per cent from the 10-year average.

In the first three months this year, highrise sales have risen 68 per cent from 2013. Factors that have boosted sales include low interest rates, improved consumer confidence and a recent flourish of new highrise project launches.

As a matter of fact, the GTA saw a record number of new units come on to the market in January and February.

In the first two months of 2014, there were 2,721 new units in eight projects launched around the GTA. Thats up from the 1,873 units that went to market in the first two months of 2013, and exceeds the previous record of 2,394 units in the same period for 2011.

It seems buyers share the confidence of the industry that builds homes.

According to polling numbers from a new RBC homeownership study conducted by Ipsos Reid, recent attitudes about purchasing a home are improving.

The poll said that more young Canadians believe owning a home is a very good investment. (We couldnt agree more.) A whopping 86 per cent of those polled between the ages of 25 and 34 believe in homeownership. That figure has risen from 78 per cent in 2013.

Buying intentions are up as well, with interest from the 25 to 34 age group rising to 41 per cent this year from just 25 per cent in 2013.

The success of highrise in the GTA can be attributed in part to provincial public policy. The introduction of Ontarios growth plan, Places to Grow, has placed an emphasis on intensification in existing communities. As a result, our region is now the high-rise capital of North America with approximately 250 projects under construction.

And thats good news for the more than 100,000 people and 50,000 jobs that come to the region every year. To accommodate this growth, the building and development industry must build approximately 35,000 new homes per year. In the last five years, about 60 per cent of the new homes sold have been in highrise condominiums.

With limited land available for the construction of ground-related housing coupled with the intensification targets of the province, our members have implemented provincial policy and built highrise developments. These quality, complete communities remain an affordable option for first-time buyers and new Canadians.

Its a great time to buy a new home and invest in your future.

bryan tuckey is President and CEO

of the Building Industry and Land Development Association (BILD) and is a land-use planner who has worked for municipal,

regional and provincial governments. He can be

found on Twitter (twitter.com/bildgta), Facebook

(facebook.com/bildgta) and BILDs official online blog

(bildblogs.ca).


16 NEW HOME GUIDE GTA | MAY 3 - 17, 2014

www.lakeviewhomesinc.com*Ask sales rep for details. Prices correct at press time E&OE.

All with double car garages set in an infill location at Baldwin north of Taunton. Preview priced from the upper $400s

Brokers protected

40 Full Depth Singlesin a Master Planned Communityfrom $279,990 up to $367,990 for 3240 sq.ft.

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519-306-0665551 Wainsborough Way, Shelburne ON(West side of HWY 124)approximately 1.5 km north HWY 89

Sales Office Hours: Mon-Wed 1pm-7pmWeekends/Holidays 11am-6pm

905-688-3010 494 York Road, York Road and GlendaleNiagara-on-the-Lake

Sales Office Hours: Mon-Thurs 12pm-6pmSat, Sun & Holidays- 11am-5pmFriday By Appointment Only

Homes sold by appointment only. Register at 416-746-1234 or visit www.newhomepriority.ca

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34 ANNUALTH

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This spring, Aurora will see a new master-planned community that will be not only the

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AURORATRAILS.COMDONT MISS THE PREVIEW OPENING IN JUNE!

ARIS-AUR-A-AD-NHC-APR24-1.indd 1 14-04-24 3:51 PM

LUXURIOUS SINGLES,SEMIS & TOWNS

AurorATrAils.comPrices and specifications are subject to change without notice. E. & O. E.

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For directions, hours and community information call our hotline (1-888/416) 410-0175 or visitPrices and specifi cations correct at press time. Renderings are artist concept. E. & O.E. Prices quoted are in $ thousands except for Kleinburg & Randall pricing.

Current Communities

All photos are actual Rosehaven homes.

BRAMPTON45, 41, 38 & 30 Singles from $514,990

25 Attached Singles & 20 Towns from $399,990.

NEW LOTS RELEASED!

RosehavenHomes.com

CHIPPAWA/NIAGARA50 Singles & Freehold 35 WIDE

Bungalow Loft Townes from the $320s.

NEW RELEASEOF 50 LOTS

CALEDON Stunning 36 Singles from the low $600s. Townhomes starting from the mid $400s.

COMING SPRING 2014!

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STONEY CREEK40 & 35 Singles

from the mid $400s. Semis from the mid $300s. GRAND OPENING

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10430 ROS COR NHG DPS.indd All Pages 2014-04-23 3:54 PM

W hen driving along Chinguacousy Road in southwest Brampton, one gets the feeling that theyre in the midst of a very special community. Its a place where the valleys of the Credit River offer a breathtaking outdoor playground of lush green parkland. It is within this remarkable setting that esteemed builder Fieldgate Homes has announced an exciting Grand Opening for the new location of its popular family community, Valleylands on Chinguacousy.

The southwest corner of Queen St. West and Chinguacousy Rd. is the site for this latest release at Valleylands. This new release features new designs in semi-detached that range from 1,657 to 1,890 sq. ft., and 38-ft. singles that range from 2,010 to 2,662 sq. ft. These latest offerings are in addition to the exceptional collection of 41-, 45-, 50- and 70-ft. singles still available at the original Valleylands location nearby. The 45-ft. luxury singles range from 2,640 to 2,987 sq. ft. With towns starting from $421,990, semi-detached from $436,990 and singles starting from $556,990, and with 70-ft. designs up to 4,200 sq. ft., theres a home for everyone at Valleylands.

One of the many popular designs currently available at Valleylands is the breathtaking 2,987-sq.-ft. Dufferin Elevation A. This classic-yet-contemporary two-storey, four-bedroom, 45-ft. detached home offers a spectacular front elevation of brick and stone that features a covered porch, double-car garage, large bright windows and charming dormers. One enters the home to discover a spacious front foyer, followed immediately by a cosy

Valleylands

//community focus

Location South Brampton

Housing type Semi-detached from $436,990, townhomes from $421,990 and singles on 38-, 41-, 45-, 50- and 70-ft. lots from $556,990; bonus packages available for each housing type, 180-day closings available.

contact 905.457.0445 fieldgatehomes.com

New release of 38- and 41-ft. singles, and semis in south Brampton

The 45-ft. Dufferins breathtaking front Elevation A of brick detailing with large porch and great interior entertainment space contribute to the luxurious atmosphere of this exceptional family home, available from $690,990.

...continued on pg 26

fieldgate homes | Valleylands


Presentation Centre: 90 Niagara Street Hours: Mon. - Thurs.: 12pm - 7pmSat., Sun. & Hol.: 11am - 6pm. Fridays by appointment.Prices and specifi cations are subject to change without notice. E. & O. E. Rendering is artists concept only.

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90 Niagara o ers the most innovative designs anywhere in downtown Toronto. Boutique condos and 2-storey lofts, with great interiors seguing into fantastic outdoor balconies and terraces. All in a modern and intimate 5-storey building inviting you to live where the city lives. Own it today!

OWN ITNOW OPEN

FIEL-90N-AD-GUIDELINES-APR10.indd 1 4/10/14 2:49 PM

library. Further down the hall is the large open-concept living/dining room with coffered ceiling. Across from the living/dining room, the homes staircase offers easy access to a sunken main floor powder room and laundry room. Further down the main hallway, one enters into a sizable family room complete with a gas fireplace. Across from the family room, the kitchen and breakfast area offers a kitchen island and ample counter space, creating the perfect space for the family to gather for a home cooked meal. Upstairs, the elegant master suite features two walk-in closets, tray ceilings, an intimate master retreat and a lavish ensuite complete with oval soaker tub, his and hers sinks and separate glass shower. Bedroom two enjoys its own private ensuite and bedrooms three and four share a stylishly appointed ensuite. The Dufferin is priced from $690,990.

For most families, school is a top priority, so its nice to know that Valleylands is ideally situated to take advantage of many of Bramptons wonderful educational facilities. A new elementary school is proposed for construction right in the Valleylands community, and Queen Street elementary school and Sir William Gage middle school are just a short walk north of the community. There are also a number of public and Catholic primary and secondary schools within a short distance. And with post-secondary tuition costs on the rise, its nice to know that Valleylands is ideally situated to make the live-at-home college lifestyle a breeze. Well-regarded institutions such as Sheridan College and Algoma University both have campuses that are just a short drive or bus ride away.

In addition to excellent proximity to schools, Valleylands is also in a great location to take advantage of a whole host of other lifestyle amenities. The Heartland Town Centre is only five minutes away, offering major retailers such as Best Buy, Home Depot and Costco. Nearby Erin Mills Town Centre, Trinity Common Mall and Bramalea City Centre also offer wonderful selections of shops and restaurants. For those in search of live entertainment, theres the Rose Theatre, offering a year-round calendar of musical and theatrical performances. Golfing enthusiasts will be impressed with the great selection of golf courses within a short driving distance, and the commute to Toronto is a breeze with Hwys. 401 and 407 just minutes away. With more than 55 years of experience, Fieldgate Homes is one of the GTAs finest home builders, known for their exceptional floorplan designs. For more information on Valleylands, please call 905.457.0445 or visit fieldgatehomes.com

For most families, school is a top priority, so its nice to know that Valleylands is ideally situated to take advantage of many of Bramptons wonderful educational facilities.

fieldgate homes | Valleylands//community focus...continued


*Limited quantities available in some price ranges to qualified purchasers. Prices & information correct

at press time. Maps not to scale. Some lots may have premiums. E. & O.E. Conditions may apply.

valesof thehumber.com

Queen St.

HWY 407

HW

Y 42

7

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Dr.

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ean

Dr.

The

Gor

e Rd

.

Castlemore Rd.

Fogal Rd.

HWY 7

Countryside Dr.

Mayeld Rd.

HW

Y 50

HW

Y 27

N

GREENPARK& STARLANE

PRESENTATIONCENTRE

TREASURE HILL

PRESENTATION CENTRE

PRESENTATION CENTRE HOURS: MONDAY TO THURSDAY: 1PM - 8PM

FRIDAY: CLOSED SATURDAY, SUNDAY & HOLIDAYS: 11AM -6PM

LUXURY SINGLES

ONLY

50 55 57 65 7586 100 ESTATE LOTS

BRAMPTONS NEW EXCLUSIVE COMMUNITY

BUNGALOWS FROM 663 990 ,$ *

2 STOREY FROM 699 990 ,$ *

27

When youre buying your first home, you are sure to be filled with many important questions. How much can you afford? How much will it all cost? Where do you really want to live, and can you afford the area? And, finally, what type of home do you want? The answers are very individual: it really depends on your situation from the amount of your down payment to where you work to whether you have kids to other personal circumstances.

For your enjoyment while you live in your home, as well as for future resale potential, proximity to transportation, shopping, schools and other amenities is among the key determinants that affect your propertys appeal, and ultimately its value. After all, those are the qualities potential buyers look for when searching for a home; the more of them your house has when you go to sell, the more it will be attractive to a greater number of people.

While experts suggest you take a long-term view when buying a home, its also important to not look too far down the road.

Lets be honest, your first home may not be your dream home, and your needs and desires are sure to change throughout the various stages of homeownership.

So, while the answers to the above questions are specific to circumstances, there are also some common guidelines you can follow.

1 How much can you afford? Experts agree it is never a good idea to make yourself house-poor, and it is a very common

mistake, particularly of first-time buyers, to buy

more home than you can really afford. Meeting

with a mortgage broker or your banker will help

determine your full financial picture, assessing

everything from your credit rating to how much

you have saved for a down payment. Experts

also suggest you stress-test your plan to see

how well you could cope with higher mortgage

payments brought on by rising interest rates.

2 How much will it really cost? Another common homebuyer mistake is not being prepared for all the closing costs involved: lawyer

fees, land transfer taxes, utilities, insurance, and

home inspection and appraisal fees and insurance.

All of these costs add up, and ultimately should

factor into your overall home-shopping budget.

3 Where do you want to live? This question is becoming more important for a number of reasons, though influenced primarily

by where you work, how much of a commute you

want and whether your transportation options

include mass transit or only driving. Indeed,

especially with gas prices on the rise, proximity

to mass transit is something more and more

people are looking for in their new home

location. It may not be as simple as choosing to

live in the city, suburbs or a small town.

4 What type of home do you want? Once you have determined your options for cost and location, you can then assess what types

of homes are available in your price range and

desired neighbourhood: Single-family detached,

semi-detached, townhome, duplex or condo?

Some many questions, so many choices. The good news is, home builders today are in sync with customer preferences for location and amenities, and with market realities with regard to pricing and needs for energy efficiency, so your options for new-home product have never been better.

Buying your first home?

Four tips to help guide your decision

//fundamentally speaking

Wayne Karl is an award-winning

writer and editor with experience in real

estate and business. In Fundamentally

Speaking, Wayne explores the basics such as

economic fundamentals you need to examine

when buying property. He can be reached at

[email protected] or follow him on Twitter

at Twitter.com/WayneKarl

by Wayne Karl


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Millard St

John Davis Gate

Bake

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Main St Stouffville

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Prices are correct at press time and are subject to change without notice. Speci c features are as per plan and series. Sq.ft. measurements are approximate. Map not to scale. See sales rep for details. The ENERGY STAR mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. E & O E.

BILD 2012 HOME BUILDER OF THE YEARCHBA 2011 GRAND SAM AWARD WINNER

UPTOWNES CONSTRUCTION IS NOW UNDERWAY!

IN STOUFFVILLES PREMIER COMMUNITY!

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D8-1087 NHG DPS B2-Chicago Series-May 3, 2014.indd 1 4/28/14 3:13:12 PM

E @ D?G>5 C1 D 3 1 B 4 9 > 1 < @ ? 9 > D

Millard St

John Davis Gate

Bake

rhill

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Line

Hw

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Main St Stouffville

SITE LOCATION

SALES CENTRE

404

Mon to Wed: 1 7pmWknds & Hols: 11am 6pm905-640-9999

Two Bedroom Designs 1,401 to 1,639 sq. ft.

$364900from LOFT INSPIRED CONDO TOWNSgeraniumhomes.com

Main fl oor Great Rooms showcase huge windows

and soaring 10 foot ceilings. Ground level Flex

Rooms offer in-fl oor heating and are the perfect

family room, home offi ce or den. And

Rooftop Terraces with BBQ hook-ups

become the ideal summer retreat.

Whatever your style from cutting edge

bold to laid back traditional Uptownes

at Cardinal Point offers interior design

opportunities to suit every lifestyle and taste.

RAILINGUPDDDDDDDDDDDDDDDNNNNNNNNNNNNN

DISH-WASHER

FRENCH DOOR

BALCONY

BAR

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POPOPOPOWDWDWDWDWDERERERER

DESIGN AND STYLE THAT IS UNIQUELY YOU!

Within walking distance of theatre, parks,

art centre, shopping, dining GO Transit,

and more, Uptownes has everything

you love just steps from your door.

#"--"/53"& 4506''7*--& 1035)01& 800%450$,

Prices are correct at press time and are subject to change without notice. Speci c features are as per plan and series. Sq.ft. measurements are approximate. Map not to scale. See sales rep for details. The ENERGY STAR mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. E & O E.

BILD 2012 HOME BUILDER OF THE YEARCHBA 2011 GRAND SAM AWARD WINNER

UPTOWNES CONSTRUCTION IS NOW UNDERWAY!

IN STOUFFVILLES PREMIER COMMUNITY!

THE CAREFREE CONDO LIFESTYLE

Oversized windows fi ll your home with plenty of natural light.

Gourmet kitchen is perfect for entertaining with family and friends.

Open-concept Great Room is

ideal for formal and casual gatherings.

A stylish French Door

leads to a wonderful balcony.

CHICAGO SERIESMODEL B1

FABULOUS MAIN FLOOR

D8-1087 NHG DPS B2-Chicago Series-May 3, 2014.indd 1 4/28/14 3:13:12 PM

Experience style and allure as you tour Monarchs impressive model homes at Kleinburg Crown Estates. From the quality features and finishes displayed in the Hampshire to the exceptional Essex model, complete with a theatre room, wine cellar, lower level lounge, gourmet kitchen, loggia and a gym with rubberized floor, discover what life can be like in one of Kleinburgs most remarkable communities.

Minutes from the charming Village of Kleinburg in a picturesque setting, Kleinburg Crown Estates is a master-planned community of spectacular all detached homes that perfectly blends the old with the new, the historic with the modern. Monarch is offering a brand new collection of designs including a popular bungalow with loft plan.

These magnificent detached homes are set on traditional deep 50-ft. lots. Spacious four- and five-bedroom designs range from 2,095 to 4,459 sq. ft. with

The jewels of Kleinburg Crown esTaTes

//covEr story

Monarch stunning models

Location Kleinburg

Housing typE Detached homes 50-ft. lots

saLEs cEntrE: 165 Timber Creek Blvd.

contact 416.495.3513 monarchgroup.net

twitter.com@monarch_group facebook.com/monarchcorp [email protected]

32 New home guide gTA | may 3 - 17, 2014 may 3 - 17, 2014 | New home guide gTA 33

MONARCH | Kleinburg Crown Estates

gracious brick, stone, stucco and Renaissance stone exteriors, and impressive eight-ft. high front doors. Many designs are set off by deep front porches where families can gather together and greet passing neighbours.

Each manor-inspired residence is highlighted by an impressive list of features including granite kitchen

countertops, hardwood floors, oak staircases, metal pickets, central vacuum systems, central air conditioning, cold cellars, coffered, waffle and vaulted ceilings, smooth ceilings on main level, interlocking driveways, 200 amp service, maple cabinets, under-cabinet lighting, Grohe fixtures and gas fireplaces as per plan and more.

Monarch offers purchasers the ability to customize elements of their new home to ensure that life at Kleinburg Crown Estates will be exceptional in every way imaginable.

Monarch. First. Since 1917, Canadian families have trusted Monarch, and made the name synonymous with dependability before the 1980s ushered in the electronic age, before the 1960s boomer generation changed our views and even before the roaring 1920s got us dancing. As Canada grew, many of the most sought-after communities and inspired condominiums were built by Monarch and are now woven into the countrys fabric, neighbourhoods where homes are cherished and memories are made.

Headquartered in Toronto, Monarch is one of Canadas oldest and largest home builders. Monarch has consistently been recognized in the home building industry and by its customers for superior quality and outstanding customer satisfaction. Monarch builds and develops single-family detached and attached homes in Toronto and Ottawa and builds highrise condominiums in the Greater Toronto Area. Monarch focuses on style, design, quality and livability in all of its homes and is the Canadian brand of Taylor Morrison Home Corp.

For Monarchs Kleinburg crown Estates, visit the sales office and model homes located at 165 Timber Creek Blvd., or call 416.495.3513.

For more information on Monarch, please visit monarchgroup.net twitter.com@monarch_group facebook.com/monarchcorp [email protected]

Monarch offers purchasers the ability to customize elements of their new home to ensure that life at Kleinburg Crown Estates will be exceptional in every way imaginable.

Kleinburg Crown Estates is a master-planned community of spectacular all detached homes that perfectly blends the old with the new, the historic with the modern.


//taxing issues

by henry choo chong

henry choo chong, CGA, sits on many

committees and provides accounting and tax

services to individuals and businesses in the GTA. He can be reached at

416.485.5225. Questions to Taxing Issues can

be emailed to [email protected]

Q My wife and I recently welcomed her elderly parents into our home. They lived in north Simcoe and we are in Richmond Hill. They loved their home; unfortunately they can no longer maintain it on their own. We can financially and physically help them in their senior years. Can we deduct the money we give them for living expenses? Where and how on our tax return? Ron and Beth, Richmond Hill

AThe Baby Boomer generation may have to put condo living on hold for several years. Many boomers have the financial responsibility of not just university kids but aging parents too. Our generation (myself included) is blessed with having the people most close to us at home children and parents.

Unfortunately, neither Ottawa nor Ontario provide a deduction for your financial assistance. However, they do provide a caregiver tax credit. You may qualify to claim a $4,223 federal tax credit and a similar provincial amount. This will reduce your federal and provincial income taxes by $633 and $210 respectively.

You should note, parents must be at least 65 years old and mentally or physically dependant on adult children.

QMy kids attend pre-school and elementary private institutions. The cost is astronomical but my wife and I believe it is best for our kids. How much of the tuition may I deduct and how? Wong, Markham

AGenerally, private school tuition is not tax deductible. An attempt was made several years past to deduct private school tuition; however it was politically unpopular and was reversed the following year.

Fees to education institutions may be deductible as childcare and claimed by the lower income spouse. A receipt must be provided by the school for the portion of the fees that are considered childcare. Additionally, depending if there is some religious affiliation, part of the fees may be allocated as a charitable donation. Again, the institution must provide receipts and qualify for charitable status.

QI recently sold a real estate investment property. How much income tax will I pay? I calculated I made approximately $80,000. Karim, Mississauga

AGenerally, real estate that is sold for more than its cost may result in a capital gain for the individual. Fifty per cent of the gain must be included in your income tax return in the year of sale.

Using your figures and assuming you have other income, such as from employment, we can use a 40-per-cent tax rate. Therefore, the $80,000 capital gain is reported. Forty thousand (50 per cent of the gain) must be included in income. This is taxed at 40 per cent. Your tax obligation on the gain is $16,000 (40,000 x 40 per cent) to Canada Revenue Agency.

Consult your accountant/tax advisor before committing to pay any income taxes.

The opinions and views expressed herein are those of the author and not those of New Home Guide. New Home Guide does not necessarily endorse or encourage any specific tax strategies. Please consult a tax professional for advice specific to your particular situation.

Determining your deductions

Fees to education institutions may be deductible as

childcare and claimed by the lower income spouse.


7 S P E C T A C U L A R M O D E L ST A K E T H E T O U R T H I S W E E K E N D

Jefferson Forest continues to offer a wide selection of Freehold Townhomes all in an established community beside a 400+ acre nature preserve.

This could be your LAST CHANCE TO MAKE JEFFERSON FOREST YOUR NEW HOME COMMUNITY.

FREEHOLD TOWNHOMES EAST OFF YONGE NORTH OF GAMBLE

MODEL HOME GRAND OPENINGRICHMOND HILL

*Prices & specifications are subject to change without notice. Finishes vary by Builder. See sales representatives for details. Renderings are artists concept. E. & O. E.

SALES OFFICE:

Mon. - Thurs. 1pm to 8pm,

Sat., Sun., & Hol. 11am to 6pm Je ersonForest.ca

VISIT US TODAY!

RICHMOND HILL

1,600 SQ. FT. TOWNHOMES starting from the

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FORE-JEF-A-AD-NHC-MAR28-1.indd 1 14-03-28 1:33 PM

GREATGULF.COM

70 ft. Estate Lots Last Chance - Only a Few Lots Remain

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A stunning collection of Homes designed by Brian Gluckstein

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Side door entrance with additional staircase to basement

Brockport Home construction for assured precision building

WESTFIELD, BRAMPTONNew Release!SUMMERLYN VILLAGE, BRADFORD

Prices and specifications subject to change without notice. E. & O.E. Illustrations are artists concept. All square footages are approximate. Actual usable space varies from stated floor area. Sales office hours: Sat. & Sun. 11am - 6pm Mon. - Thurs. 1 - 8pm Closed Fri.

First Release Now Availableat Mississauga Rd. and Steeles!

38 Ft. Detached 2,080 - 3,265 sq. ft. from

34 Ft. Detached1,700 - 2,680 sq. ft. from

$620S

$570SBovaird Dr.

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Bovaird and CreditviewWalk To Mount Pleasant GO Station

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40 Lot homes that offer more natural light

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36 and 40 Ft. Detached1,465 - 3,270 sq. ft. from

50 Ft. Detached 1,940 - 3,990 sq. ft. from

$440S

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Hw

y. 40

0

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G reat news! Great Gulf recently opened a highly anticipated new community in south Brampton, at one of the most prestigious addresses in the Greater Toronto Area. Westfield is situated on the west side of Mississauga Road at Steeles Avenue, and is bordered on the south by Lionhead Golf Club Road. The demand for new homes in this coveted neighbourhood is so strong, that Great Gulf first showcased Westfield in its Mount Pleasant sales centre farther north, before the company had even decided on a community name. The area is so hot, that just saying Great Gulf at Mississauga and Steeles was enough to draw crowds. The new Westfield presentation centre is now open at 8450 Mississauga Rd., and the response is already overwhelming, with close to 400 people coming in for the opening.

Westfield is located in an area rich with possibilities. Situated on a glorious stretch of Mississauga Road, in the midst of the beautiful Credit River natural

GREAT GULFS MUCH-ANTICIPATED WESTFIELD COMMUNITY

//community focus

Now open in BramptonLocation Brampton

HousinG type Detached homes on 34- and 38-ft. lots

saLes centre 8450 Mississauga Rd., open Monday to Thursday 1 to 8 p.m., Saturday and Sunday 11 a.m. to 6 p.m., Friday closed

contact 905.866.6876 visit greatgulf.com


landscape, the community is minutes to golf courses, shopping centres, schools, parks, places of worship, arenas, public transit access and more within minutes. For ease of commuting and getting around the city, Hwys. 401 and 410 are also just moments away. Brampton is home to theatres, galleries, museums, outstanding community centres, and the William Osler Health Centre, part of a hospital system accredited with exemplary standing and advanced treatment facilities.

At Westfield, purchasers can choose from elegant detached homes

The only new home community in this area west of Mississauga Road, Westfield offers an exclusive ambience, similar to a country club atmosphere.

GREAT GULF | Westfield

on 34- and 38-ft. lots. The only new home community in this area west of Mississauga Road, Westfield offers an exclusive ambience, similar to a country club atmosphere. This affluent urban setting is perfect for Great Gulf s luxury homes. Captivating architecture embodies the cachet in this signature location, with varying highlights such as peaked gables with trim, dramatic second-floor balconies, covered porticos, front doors with sidelights and accent windows. Soldier coursing, brick arches, keystones and other masonry detailing add touches of panache that befit these stately homes surroundings.

Interiors are graced with large, beautifully appointed rooms that anticipate the myriad aspects of modern family living. Open-concept main floors, gourmet kitchens and sumptuous master suites are crafted with the highest attention to detail. Among the outstanding standards that come with your Westfield home are nine-ft. main floor ceiling heights, prefinished oak strip hardwood and rich ceramic flooring on the main floor, strip hardwood in the upper hallway and finished oak stairs with the choice of stain and oak or metal pickets. Kitchens offer the choice of custom-quality finished cabinets with extended uppers, and the master bath includes an acrylic soaker tub and separate shower stall.

Great Gulf s homes at Westfield range in size from 1,700 to 3,265 sq. ft. and are priced from the mid $500,000s. Watch for towns and semis coming soon.

Yet another reason for Westfields appeal is the fact that you can purchase with confidence from Great Gulf. Over the past 35 years, the company has built more than 40,000 homes. Innovative technology, inspired design and committed customer service provide Great Gulf homeowners with unmatched comfort and peace of mind. This is how Great Gulf delivers the Live Greatly promise.

Visit Great Gulf s Westfield presentation centre at 8450 Mississauga Rd., on the west side of the road, just north of Steeles Avenue. Hours are Monday to Thursday from 1 to 8 p.m.; Saturday and Sunday 11 a.m. to 6 p.m.; Friday closed.

For more information, call 905.866.6876 or visit greatgulf.com


M adison Homes is building Cornell history with the release of two new designs on 30-ft. lots called the Bayberry and the Roseberry. These unique homes, both with a double car garage attached at the garage only, have yet to be seen in the Cornell Rouge community. Both spectacular homes utilize functionality for the growing family yet still keep with a design that would surely make you the envy of the neighbourhood.

The Roseberry at 2,498 sq. ft. has it all, including a bright, spacious open kitchen featuring a large island with breakfast bar and optional pantry. The open concept kitchen and family room combination featuring a gas fireplace allows for easy family entertaining. The second floor offers a spacious master bedroom with his and her walk-in closet, a luxurious ensuite with a cathedral ceiling and tall windows above a soaker tub providing an abundance of natural light. For the growing family there are three additional bedrooms, two of which share a convenient Jack and Jill ensuite bathroom. As well, for those rushed mornings two can use the main second floor bathroom with a separate optional double sink area, ideal for the family on the go.

in Cornell rouge

//coMMunity focus

Introducing two new designs

Roseberry Elevation B

Location Markham

Housing type Semi-detached and fully detached homes

saLes centre Southeast corner of Cornell Centre Boulevard and 16th Ave., open Monday to Thursday 1 to 8 p.m., weekends and holidays from 11 a.m. to 6 p.m., and Fridays by appointment

contact 905.472.7667 madisonhomes.ca

40 New home guide gTA | may 3 - 17, 2014 may 3 - 17, 2014 | New home guide gTA PB

Hours: Mon-Thurs. 1-8pm, Fridays by appointment, Sat., Sun. & Hol. 11am-6pm.*Specifications are subject to change without notice. E. & O. E. See Sales Representative for details.

madisonhomes.ca

Detached homes on 46 & 60 lots available.

905-472-7667 905-417-1203

Singles on 30', 36 & 40 lots.

decorated Mo

deLs

decorated Mo

deLs

Detached homes on 35' and 41' lots.

NEW

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L HOM

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RAVI

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LOTS

Where dreams and families come together in 3 Superb Communities

New ReleaseComing Soon

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MaRkHaM THORnHillMaRkHaM

$600'sFrom the $1.1millionStartingfrom

MAD-MULT-A-AD-NHC-FEB13-2.indd 1 14-02-13 3:34 PM

41

In terms of community, Madisons Cornell Rouge is striking just the right chord with buyers looking to live in an optimal Markham location, close to both nature and modern amenities, says Nelly Zagdanski of Madison Homes. Nestled carefully beside the natural beauty of Rouge Park a 12,000-acre natural urban park Cornell Rouge is rich in natural beauty providing residents with a community that is nurtured by nature and peaceful tranquility. Cornell Rouge enjoys a splendid locale, with highways, schools, shopping, a hospital, business and services, all mere minutes away. With three large woodlots and a multi-purpose park within the immediate master-planned community, Cornell Rouge is sure to please the entire family.

Residents will also be steps away from the neighborhoods exceptional new Cornell Community Centre and Library. The community centres impressive facilities include a triple gymnasium, aquatics centre, library, health and fitness centre, indoor track, indoor childrens playground and adult centre all of this spanning more than 70,000 sq. ft.

Cornell Rouge by Madison Homes is a community unlike any other. Located just east of Cornell Centre Boulevard and stretching north of Hwy. 7 up to 16th Avenue, Cornell Rouge embodies the success of new urbanism

Cornell Rouge is offering a wide range of home designs to those who want to be part of Markhams most desirable neighbourhood, including semi-detached and fully detached homes.

Madison HoMes | Cornell Rouge

with more than 900 families calling this community their home. Drive or take a stroll along gently winding avenues as you enjoy the pleasing curb appeal of this uniquely pedestrian-friendly, master-planned community, where garages are tucked around back but yet attached to the homes and accessed via laneways.

Cornell Rouge is offering a wide range of home designs to those who want to be part of Markhams most desirable neighbourhood, including semi-detached and fully detached homes. Homes range in size from 2,057 to 3,237 sq. ft. on 30-, 36- and 40-ft. wide lots priced from $613,990. Come view the Cornell Rouge presentation centre where four fully furnished and decorated models allows you to truly appreciate the designs of a well-crafted Madison Home!

Cornell Rouge sales office hours are Monday to Thursday 1 to 8 p.m., weekends and holidays from 11 a.m. to 6 p.m., and Fridays by appointment. For more information, visit madisonhomes.ca or call 905.472.7667. Sales office located at the southeast corner of Cornell Centre Boulevard and 16th Ave.

42 New home guide gTA | may 3 - 17, 2014 may 3 - 17, 2014 | New home guide gTA PB

V I S I T U S A T M E A D O W S B R A M P T O N . C O M

* L i m i te d q u a n t i t i e s av a i l a b l e i n s o m e p r i c e r a n g e s to q u a l i f i e d p u r c h a s e r s . P r i c e s & i n f o r m a t i o n c o r r e c t a t p r e s s t i m e . M a p n o t to s c a l e . S o m e l o t s m ay h ave p r e m i u m s . E . & O . E . A s k s a l e s r e p . f o r d e t a i l s .

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SALES CENTRE HOURS:

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43

//in the news

tarion names winners of

2014 Awards of ExcellenceTarion Warranty Corp. recently announced the recipients of the 2014 Tarion Awards of Excellence, the only awards in Ontario that recognize new home builders based solely on homeowners satisfaction with their customer service delivery.

AWArds WErE prEsEnTEd TO: The Tricar Group, London - Highrise Category Fusion Homes, Guelph - Large Volume Category Klemencic Homes, Trenton - Medium Volume Category Dwyer Homes, Strathroy - Small Volume Category

A home is the largest purchase most people will make in their lifetime, and to have an attentive and responsive builder is paramount in making this experience a positive one for all those involved, says Howard Bogach, president and CEO of Tarion Warranty Corp. Congratulations to all recipients and finalists for being leaders in customer service.

The awards are based on the results of a comprehensive survey sent to almost

Fusion Homes

The Tricar Group

46,800 Ontario homeowners who took possession of a new home between Oct. 1, 2012 and Sept. 30, 2013. More than 6,400 survey responses were received, representing 14 per cent of consumers who bought a new home in Ontario during that time. The results were tabulated by Crunch Research in partnership with Harris Decima.

Survey questions covered every stage of the homeowner-builder relationship beginning with the signing of the agreement of purchase and sale, through construction, pre-delivery inspection and after-sales service.

Its an amazing feeling. It just brings great satisfaction to a team thats worked so hard for the past year in servicing our customers, Melinda Smith, director of client services for Fusion Homes, told New Home Guide.

We really put ourselves in our clients shoes. This is one of the largest investments they make in their life, and we make sure that we take care of them and that were delivering a quality product, something they can be proud of and something that we can be proud of.

For London-based The Tricar Group, the award is especially gratifying. For us its extremely

44 may 3 - 17, 2014 | New home guide gTA 45

Dwyer Homes

Klemencic Homes

important, since we got into a large volume of condominium builds, it was one of our main goals, Adam Carapella, vice-president of operations, told New Home Guide. We were nominated last year for the first time, and to be a finalist again this year and to win it means a great deal.

Its a team approach from all our employees, he adds. Two big things we always try to preach are education and communication. We develop pretty comprehensive homeowner manuals, and have a PDI thats not just looking at efficiencies, but about learning the systems of the home, how to troubleshoot certain things.

Since the awards are based on feedback from customers, Tricar puts special emphasis on making sure were available, virtually 24-7 with any issues, and having dedicated customer service personnel, says Carapella.

And telling the people doing the work act as if its your home, adds Joe Carapella, president.

Tracy MacCharles, Minister of Consumer Services, provided the following remarks on the outstanding accomplishments in customer service: Congratulations to the 2014 Tarion Awards of Excellence recipients. These builders demonstrate that excellent customer service can be an asset to your business and will have a lasting effect on homebuyers.

2014 TAriOn AWArds Of ExCEllEnCE rECipiEnTs And finAlisTs

HigHrisE buildEr CATEgOry(More than 100 high-rise possessions per year)The Tricar group, london The Daniels Corporation, Toronto Domicile, OttawaTridel, TorontoOne Sherway T4 Inc., Toronto (joint venture between Menkes and Great Gulf Homes) lArgE vOlumE buildEr CATEgOry (More than 100 possessions per year)fusion Homes, guelph Devonleigh Homes Inc., Orangeville Great Gulf Homes, TorontoMonarch Corporation, TorontoPidel Homes, Guelph

mEdium vOlumE buildEr CATEgOry(21-100 possessions per year)Klemencic Homes, TrentonGeertsma Homes, BellevilleGrey Forest Homes, St. Catharines Hayhoe Homes, St. ThomasWrighthaven Homes Ltd., Elora

smAll vOlumE buildEr CATEgOry (5-20 possessions per year)dwyer Homes, strathroyCastell Homes, LondonCastlemount Homes, GormleyLarry Otten Contracting, StratfordS.L. Witty Construction, Barrie Van EI, Mount Pleasant

44 may 3 - 17, 2014 | New home guide gTA 45

by calum ross

calum ross is senior vice-president

and practicing mortgage agent with The Mortgage Centre. He has appeared

on Canada AM, Investment Television,

BNN and Citytv. He holds an MBA in finance and is an Accredited Mortgage Professional. He can be

reached at 416.410.9905.

In all the mortgages that I arrange, I find it surprising how few people actually ask me how I get paid. A recent study in the U.S. indicated that less than 10 per cent of people could properly identify how different types of mortgage providers get paid during the transaction. Dont you want to know whether that person who is so eager to sign you up has a financial advantage to selling a particular product?

You definitely should care and here is why. Almost every single provider in the mortgage marketplace has a potential financial gain by selling a particular mortgage product and rate. To make matters worse, that financial gain or pat-on-the-back is often gained at the expense of the consumer.

Lets take a look at your main mortgage providers to see what to watch for:

Bank Branch managerThis friendly and trusted advisor has a sales quota to hit just like everyone else (you did notice that Canadian banks do fairly well financially, right?). Their salary increase, bonus and promotion depends on results. Typically, bank managers have sales quotas for particular products as well as growth targets on the loan/investment portfolios. Their targets are often based on the size of their mortgage portfolio as well as the average term of the portfolio. The longer the term and larger the size of the mortgage, the better the Christmas bonus.

Do you know howyour mortgage provider gets paid?

Furthermore, these managers are increasingly being graded on the profitability of these portfolios. When you go to your old bank branch and it has moved to a new location, where do you think one of the bank managers went? Which one do you think they kept with the bank? The one with the great discounted loans and mortgage rates, or the one that is making the bank the most money?

Bank mortgage representatIvesThese are typically contract employees of the bank who are usually paid on a straight commission basis. Most only sell one banks mortgages, while some sell several. The ones that sell other banks products are often only permitted to do so once they have met a quota of their own banks products. These individuals are usually paid based on three criteria: the size of the mortgage, the term of the mortgage and the discount given. That means that these representatives can make more money by putting you in a longer term at a higher rate.

mortgage consultants/mortgage BrokersThese people are independent mortgage providers that theoretically work for you and not for one particular bank.

They are paid a finders fee (or commission) from the institution that the mortgage is funded with. The problem is that not all banks are paying the same amount for each of the mortgage products. The lenders pay brokers based on the size of the loan and the term selected. The longer the term selected, the bigger the commission to the broker. On top of the different payoffs for the terms, some lenders also pay more for the same product. A broker could make more money funding a five-year term through one lender over another. Typically, there is no advantage to the broker if the consumer gets a higher rate, but there are exceptions to that rule.

So now that you know how it works, who do you trust? When you go mortgage shopping, dont believe that everyone is out to get you. While the incentive systems are there, many mortgage providers will look out for your best interest. A satisfied past client that refers family, friends and colleagues is worth a lot more than one big commission payout. Do your research, ask for testimonials, or ask your friends. A mortgage is a huge financial decision. Make sure it is a decision being based on your financial situation, and not your mortgage providers bank account.

//mortgage finesse

H E I G H T S

UPPER WEST SIDEIN THORNHILL ESTATESUPPER WEST SIDE

IN THORNHILL ESTATES

commons

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//community focus

Location Markham

Housing type Singles, semis and townhomes from the mid $500s

contact 905.554.5975 [email protected]

m arkham, York Regions gateway to Toronto, has always been a sought-after suburb. Featuring an incredible array of amenities including shopping, parks and recreational facilities, convenient transit, and a growing job market that can be attributed to its Silicon Valley North status, Markham is a modern, bustling and exciting place with a lot to offer. Families looking for a location that carries a sense of city life, while offering the ease of suburbia should really consider Markham; specifically, the Wismer Commons development located at Mingay, just north of 16th Avenue.

Why Wismer Commons, though? What makes this pocket such a standout? It all comes to down to getting educated.

Offering 15 schools in its vicinity, the Wismer Commons development is the place to be for young families. Between ease of access to major commuting routes, three convenient GO stations and world-class educational facilities, its a busy parents dream. The development features 37-ft. singles, 30-ft. semis, two-car rear-lane towns, and the latest release, exceptionally livable 25-ft. traditional two-storey towns; these homes range from 1,526 to 2,448 sq. ft., and start from the mid $500s.

Prepare for a bright future in Markham wismer commons


COUNTRYWIDE HOMES | Wismer Commons

Offering 15 schools in its vicinity, the Wismer Commons development is the place to be for young families.

Wismer Commons is a diverse, creatively planned and beautiful place to live. Schools in the area feature incredibly high EQAO and Fraser Institute ratings, here are a few exceptional examples for the area:Castlemore Elementary 9.2/10Donald Cousens Elementary 8.4/10 Stonebridge Elementary 9.7/10Wismer Elementary 8.2/10

When it comes to finding the perfect place to build your family, York Region has an endless variety of options. Every pocket of every town offers grand levels of

convenience, shopping and a lifestyle that is unmatched in the country; the plain fact is that no one is lying about that; York Region is a truly brilliant place to live, and it delivers on all fronts.

But, even the greatest places have levels of excellence, and Wismer Commons in Markham is the pinnacle of York Region living. It has the greatest variety of transportation availabilities with some of the shortest distances, premier recreational facilities, quaint walking paths and routes, fantastic shopping, and a job market that is absolutely thriving.

What really sets Wismer Commons apart, though, is how it nurtures and prepares our countrys future through education. With top-notch schools as a highlight feature of the area, any family with a prospective Einstein should really be considering a life in Wismer Commons. Intelligent design, intelligent living and intelligent kids are making Wismer Commons future look quite bright.

For more information, call 905.554.5975or visit [email protected]


HugH Heron is Principal and Partner in the Heron Group of

Companies and President of Heathwood Homes, as well as a former Member of the Board of Directors of Canada Mortgage and Housing Corp., and a Past President of the Toronto

Home Builders Association and the Ontario Home Builders Association.

by HugH Heron

Buying a new home is exciting, especially for first-time buyers signing their Agreement of Purchase and Sale. For developers, however, the journey started years before, when they purchased the land and had it zoned residential. Negotiations with the municipality and province for subdivi-sion agreements spell out where roads and amenities will be, the lot sizes, which types of housing are appropriate, and where they will be placed. The process can take years. Heres a snapshot of how your beautiful new home will take shape.

Once we start selling and a buyer chooses a design and lot, the engineer and surveyor plot the home on the land to make sure it complies with the subdivision agreement and advise the excavator where and how deep to dig the founda-tion hole. Then the surveyor places pins for the exact location of the house. The carpenter puts in the columns, concrete is poured on the footings, and the forming contractor sets up foundation walls. When the foundation is poured, the forming is removed, a waterproofing and drainage layer is installed on top, and storm water sewers are added.

Steel is then delivered to carry the load-bearing walls, and stone is placed into the basement to establish the base for the floor. The carpenters continue with the installation of walls and window frames. The house is ready for the roof trusses, and the shingles can be placed and windows installed. Heating and plumbing contractors can come in to rough in fixtures and install piping and duct work. After this is complete, the electricians can prepare the wiring so the electrical meter can be installed. This requires a mandatory electrical inspection, and the framing and plumbing have to be approved by a building inspecto

gta new home guide - may 3, 2014

Documents

model homes

great design

good design

test of time

pm aspen ridge homes

best finishes

open40 markham madison

issue tarion