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Mobilio is a master-planned community that will incorporate a mix of condos and townhouse units in the Vaughan Metropolitan Centre. MENKES DEVELOPMENTS CO MMUNITIES THAT DELIVER IT ALL

Master-planned projects features the city has to offer – the 600 units as well as 400 townhouse waterfront, Fashion District, the units, appealing to single buyers, allow you to live, work Entertainment District, Chinatown, couples and families and all just steps and play all in one place King West and great restaurants – are from the subway. all within walking distance. There is “For many people today, time is at no need for a car. apremium,” says Mimi Ng, senior YOU HAVE NO DOUBT HEARD THE Residents and office workers will vice-president of residential sales and TERM “master-planned communities” be steps from the proposed Rail Deck marketing at Menkes. “People appre- and seen the advertisements for the Park, which will be 21 acres of park- ciate the convenience of walkable, many projects either built in or land built over the rail corridor be- mixed-use communities, as opposed planned for the Greater Area. tween Bathurst Street and Blue Jays to the separation of uses and com- These communities are strate- Way. muting long distances from place to gically planned, thriving pocket Garrison Point, adjacent to the place.” neighbourhoods within a city. They city’s vibrant district, For developers, backed in many are larger-scale collections of condo- will feature five towers designed by cases by large institutional investors miniums, townhomes, retail and the award-winning Hariri Pontarini such as pension funds, there is less office space, and offer such amenities architectural firm, as well as land- interest in putting up buildings one at as public parks and pedestrian walk- scaped pathways, a 3.9-acre public atime. ways. In a master-planned communi- park, Olympic-sized swimming pool, “That scale does not interest them ty you can live, work, play and go and a retail galleria. as much,” Siemiatycki says. “They about all your daily activities within a Then there is ELAD Canada’s see opportunities to reap large short distance. much-anticipated Galleria on the Park rewards by mixing real estate and Master-planned communities are in midtown, a beacon of urban infrastructure on a large scale, work- spearheaded by one or several renewal at the corner of Dufferin and ing on projects that stretch over years developers and are bound together Dupont streets, one of the largest and cost billions of dollars.” around such mandates as conve- master-planned communities to be The touchpoints or considerations nience and walkability, technology, introduced into Toronto this year (and for any developer looking at a mas- energy reduction and carbon neutral- replacing what used to be a strip mall ter-planned community starts and ity. They deliver on the social needs there). ends with location. The motivation of their inhabitants. Eight mixed-use buildings, in- for each (whether those drivers are “Through strategic urban planning cluding nearly 2,900 condo homes, retirement and leisure, new urbanist, and engagement sessions we have 300,000 square feet of retail space walkability and transit orientation, or learned that green space, transit and and 150 affordable rental homes, as technology, the Internet and connec- family-friendly amenities, including well as an eight-acre park and a tivity, for example) differs according playgrounds, community centres, 95,000-square-foot to that location and the intended childcare facilities and diverse retail Community Centre (described as the market. offerings, are critical to creating a anchor of the project), will mark the Such projects as Galleria on the thriving community,” says Dror development. Park deliver true, co-ordinated plan- Duchovny, vice-president of market- Anyone who has walked around ning for the city. Siemiatycki talks ing and asset management at ELAD the Dupont West neighbourhood of about how strategic master-planned Canada. late has noticed the crop of new communities take the “messiness” According to RE/MAX’s 2019 artisanal restaurants and coffee shops out of urban living and the unpredict- Liveability Report, six in 10 Canadians popping up. ability of putting up one building at a want their homes to be within “Our approach to every master- time. When there is development walking distance of shopping, dining plan is to actively engage community with many players involved, there is and green space. Proximity to public members, local stakeholders and less co-ordination. transit (36 per cent), work (30 per experts from the outset to discover Developers need to focus on cent), preferred schools (18 per cent) what is important to them and how underlying infrastructure, such as and cultural or community centres (18 they want to see their neighbour- environmental remediation, sewer per cent) also scored high on home- Galleria on the Park is one of the largest master-planned communities hood evolve,” Duchovny says. “With and water main connections, and buyers’ wish lists. Two-thirds of being introduced to Toronto. Eight mixed-use buildings will have 2,900 our city’s fast growth comes a multi- parking as much as they focus on all Canadians’ time is spent in their own condos, retail space, a park and other amenities. ELAD CANADA tude of needs, from diverse housing the components of the project going neighbourhood. options, to lifestyle amenities, to on above the ground. A lot of these “Toronto’s population continues to 32,000 people, built in concentric park called Corktown Common. The enhanced public spaces. projects are being built on former grow by leaps and bounds,” says patterns, with public parks and Canary District has a new streetcar “Master-planned communities are industrial sites, never serviced for this Christopher Alexander, executive boulevards connecting the city centre line running through it. the perfect response to meeting level of residential intensity. vice-president and regional director, to an outer greenbelt. These were The Well, near Spadina Avenue these complex needs, encouraging However, above ground is rele- RE/MAX of -Atlantic Canada. satellite communities linked to a and Front Street where the old Globe mixed density as well as enriching vant too, especially when the topic is “Bigger picture, master-planned central city by rail and roadway. and Mail building used to sit, is in the communities,” he says. architecture. communities are a solution. They Howard was offering a counter early stages of a buildout that will be “Toronto is having a moment on “Many people would look at that deliver a variety of housing types at a strategy to what many believed was massive: Seven towers on 7.8 acres the world stage in part because of its and say that’s what makes cities range of price points, while still the overpopulated and deteriorating of land, 1.5 million square feet of innovative approach to development, great,” Siemiatycki says. delivering access to those lifestyle conditions of cities at the time. residential space, 1.1 million square focusing on mixed-use planning, “[It’s} in that messiness, diversity, features that buyers are actively Siemiatycki points to master- feet of office space, and 500,000 transit, pedestrian-oriented neigh- creativity, variation, in the way cities seeking.” planned developments in the GTA in square feet of retail space, specialty bourhoods and connected communi- evolve, and adapt and change over Master-planned communities the 1970s, such as St. Lawrence restaurants, grocery stores, parks and ties, which are all the cornerstones of time. The master-planned communi- actually go back more than 100 years Market, which was led by govern- gardens and retail shops – all de- master-planned communities.” ties that work best understand they to the garden city movement in the ment, up to the numerous projects signed to accommodate 10,000 Menkes Developments’ Mobilio still recognize the need for diversity United Kingdom, says Matti Siemia- seen across the GTA today. dwellers and workers. condo project in the new 400-acre of architecture, land usage and tycki, interim director of the School of The mixed-use community in The office tower being built there Vaughan Metropolitan Centre (one of spaces and degree of flex and adap- Cities at the University of Toronto. Toronto’s east end, called Canary will have sustainability foremost in the largest master-planned communi- tion, so these places can evolve and Sir Ebenezer Howard’s concept of District, in , includes mind, housing younger-skewed tech ties in Canada) will incorporate a mix live and breathe over time, because urban planning was a cluster of the reimagining of Front Street into a companies such as Index Exchange of housing types – three highrise that’s what makes a great communi- self-contained, self-sufficient cities of tree-lined promenade and an 18-acre and Shopify. Some of the great condo towers with approximately ty.” Re ndering is artist’simpressiononly, showingapossiblevisionfor thecompleterenovation of theWallace-Emerson Park. Notall of these parklands form part of theGalleriaonthe Park development; developerisnot responsiblefor thefull buildout of thepark. gIntroducin Galleria on thePark, anew Dupont city park community by Elad Canada.Galleriafuses urbanlivingwith ararelyseenmassive park,publicspaces, lifestyleexperiences,exceptional retail and innovative office space. Enjoyevery new activity andevent righthereinacommunity li ving,working andgrowing as one.

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Annual shows offer the latest trends, the coolest products and tips from all the industry experts

AUTUMN BRINGS WITH IT COL- OURED LEAVES, pumpkin-spice lattes and the return of Toronto’s popular home and design shows. Back for another year, the ever-popular Toron- to Fall Home Show will showcase the latest products and trends, along with tips and tricks from industry experts and television personalities. But there’s plenty more on tap this year — with something for every- one, whether they are living in a 500-square-foot condo, shared living space or semi-detached home. “Many people think a home show is only for those who live in a de- tached home, but your home can be anywhere, and that’s what we want people to see when they come to the show,” says Denise Hayward, show director of the Toronto Fall Home Show, which runs Oct. 4 to Oct. 6 at the Enercare Centre in in Toronto. “It’s about your lifestyle, your space and making it yours.” Whether looking to renovate a kitchen, discover a trendy new paint colour or find multipurpose storage solutions for a cramped space, there will be more than 300 exhibitors on hand with information and inspira- tion, from unique décor pieces to space-saving ideas. Aroster of industry experts will also be on hand to help attendees with specific projects in compli- mentary one-on-one sessions. “You can even bring a picture of the room you want to restyle,” Hayward says. New this year will be a ghost walk with a paranormal expert through Old Fort York, who can help you discern if those ‘bumps in the night’ at your home are the result of para- normal activity — or a reno project gone bad. Also new this year is a Posh Pumpkin Patch, where attendees can add to their seasonal décor by cre- ating their own posh pumpkin with designer Nicholas Rosaci. (All pro- ceeds from pumpkin sales go directly to Habitat for Humanity.) In January, as winter settles in, the Interior Design Show (IDS) — the largest design show in North America —will come to Toronto to provide ideas and inspiration for the coming season. This year’s show, running from Jan. 16 to Jan. 19, 2020 at the Metro Toronto Convention Centre, will showcase new products, in- stallations, prototypes and big ideas, with a special focus on design in Canada. Over the years, IDS has shifted from aesthetics to larger trends, such as the future of living spaces and the influence of workspaces — with social lounges and areas for wellness and decompression — in residential design. New condos, for example, are being built with on-site co-work- ing spaces and social lounges with Theo Toront Fall Home Show, running in October, and the Interior Design Show, coming to Toronto in January, have hundreds of exhibitors that private dining areas. can inspire your next home project, give you ideas on the latest in stunning design trends, and even help you decide what renos or updates to There’s also a trend toward co- tackle if you are planning to buy or sell a home. IDS PHOTOS living, “which we’ll touch upon at the show,” says Karen Kang, director of ternational legacy brands. This year have in Canada,” Kang says. “And, first-time buyers, have to make some pay off at the offer table. IDS Toronto. “Millennials are looking will also feature a ‘concept’ home of given the uncertainty of the econo- concessions to get into the market. “Home shows are a great source for ways to live in the city but also the future that “caters to our five my, a lot of Canadian designers are For some, that means compromising of inspiration, and when the time live in cool spaces in the city.” senses,” Kang says. looking to Canadian manufacturing on location; for others, it might mean comes to dig into those renos, this is It’s not just a matter of affordabil- For example, lighting is no longer and supporting local design compa- compromising on the home’s size or your one-stop shop for the latest ity; it also speaks to sociable living just about energy-efficient LEDs. New nies.” features. innovations, suppliers and trades,” and finding ways to connect in a technology allows light bulbs to As always, there’s also a focus on “Aside from price, location is Alexander says. society that is increasingly discon- change their colour temperature young designers and makers in the probably the most important consid- But the trick is to go in with a nected. throughout the day to match the city “because there’s a vibrant eration for homebuyers, and buying plan. “What rooms or parts of the While the program is still being cycle of the sun and people’s natural scene,” she says, which is “really afixer-upper is a great way to get home are you planning to tackle, and finalized, Kang says co-living is one of circadian rhythms. competitive in terms of design into a hot location without breaking what’s the objective?” he says. the many topics that will be covered This goes back to the trend of integrity.” the bank. Then, as they build up “Oftentimes, having a frank dis- at the show, addressing challenges “wellness in the home,” Kang says. Whether planning to buy or sell a some equity, they can renovate their cussion with the exhibitors at a home such as how to deal with banks in a And it’s one of many concepts that home, there are plenty of reasons to home room by room,” he says. show can offer expert insight on co-living situation. attendees can implement in their attend home and design shows, On the seller side of the trans- what’s possible, or how an initial idea But the show will, of course, also home immediately, without requiring according to Christopher Alexander, action, a home that’s been updated can be executed or improved.” showcase cutting-edge design and anew build. executive vice-president and regional and upgraded will typically sell faster For more, visit fallhomeshow.com offer inspiring lectures from the “We’re also focusing on the director with RE/MAX of Ontario- and for a higher price, so whether it’s or toronto/interiordesignshow.com. industry’s top talent — from both Canadian story quite a bit, simply Atlantic Canada. afull-blown renovation or some emerging local designers and in- because of the incredible talent we Many homebuyers, and especially strategic updates, a little work can SEE MORE ON PAGE C11

HOT NEW TRENDS IN HOMES

While people flock to the Toronto Fall Home Show to learn about ing, people are taking on more With smaller spaces also new products, take advantage of DIY projects, but also trending is come the issue of privacy. special promotions and source the concept of “everything old is “What we’re starting to see inspiration for specific projects, new again,” Hayward says. trending is soundproofing in it’s also a chance to see what’s “Upcycling and the secondhand homes,” Hayward says. Whether trending in homes. economy remains strong — it’s for a rental apartment, condo Acontinuing trend this year is they’re trading, they’re sharing, unit or semi-detached home — DIY, recycling and upcycling. “We they’re selling their stuff and or a basement that a homeown- have a whole area on the floor buying other people’s stuff. It’s er plans to rent out — more for DIYers,” says Denise Hay- always been there but now it’s product is coming onto the ward, show director of the everywhere.” market to tackle the issue of Toronto Fall Home Show. “We’ll Organization in small-space soundproofing, from flooring to have experts showing people living continues to trend, with walls and windows. how to fix drywall or install a tap the proliferation of smaller living “Many windows now are sold or make a shelf.” spaces in urban areas. New to as soundproof windows,” Hay- The Home Hardware Here’s this year’s show is a Tiny Home ward says. How Centre will showcase easy Village, with build-your-own tiny “People want more privacy, storage and organizational DIY homes on display that showcase and soundproofing is a big part projects, along with tips, tricks organized living, entertaining and of it. You can have the finest and hands-on skills from some of outdoor living. Even for those design, but if you can hear your Canada’s favourite reno and who don’t plan to build their neighbours, it doesn’t feel like design pros, such as Shawn own tiny home, anyone living in home.” Monteith, Jordan Spear, Desta asmall space such as a condo The Toronto Fall Home Show Ostapyk, Donna Robertson and can find inspiration for making runs Oct. 4 to Oct. 6 at the Mark Rason. New to this year’s Toronto Fall Home Show is a focus on tiny homes the best use of very little space Enercare Centre at Toronto’s With the rising cost of hous- and small spaces, and bound to inspire any condo dweller. IDS PHOTO —in style. Exhibition Place. WE BRINGTHE WORLD TO YOUR DOOR

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DETACHED WHERE CAN YOU GET A HOUSE FOR LESS THAN $1-MILLION? Where is it still possible to find a semi-detached houses, many without In the west end, it’s rare to find detached house for less than $1- parking or laneways, can still be listings for semis lower than million in Toronto? The pockets of found in these neighbourhoods listed $999,000 but there are still corners HOMES BOOST opportunity are emptying out as around $800,000. The demand is of the city where six-digit gems can prices swell in some of the last such that they tend to sell for more be found. If your heart is set on the remaining affordable neighbour- than $900,000, and the competition 416, but you don’t have a bottomless PRICES IN GTA hoods. Leslieville, Riverside and for what remains in this price point bank account, here are 12 areas where much of the west end have been put will be intense for the remainder of you can still buy detached houses in out of reach for a while, although the year. Toronto for less than $1 million. Sales were up in almost 88 per cent of markets and prices were up 51 per cent in first half of year

THE ALLURE OF THE DETACHED SINGLE-FAMILY HOME never disappears and, in the Greater Toronto Area, it was the sale of detached homes that led the recovery this year, after a sluggish 2017 and 2018. RE/MAX examined trends and developments in 65 Toronto Real Estate Board (TREB) districts, finding that detached home sales were up in almost 88 per cent of markets, while prices were up in 51 per cent of markets between January and June 2019, compared with the same period one year ago. The 905 area saw the greatest increase in homebuying activity, with all 30 areas reporting rising detached home sales, and 43 per cent of 905 communities experiencing price appreciation. Meanwhile in the 416 region, just 20 of the 35 districts experienced an uptick in sales, while detached home prices increased in 57 per cent of neighbourhoods. “The market correction – especially over the past 18 months – has been the major catalyst for the increase in detached housing sales, says Christopher Alexander, executive vice-president and regional director, RE/MAX of Ontario-Atlantic Canada. “It’s all about price. The overall average price for detached housing in the GTA is still down marginally (-1.2 per cent) compared to year-ago levels. Year-to-date average price (January to June) was $1,008,177 in 2019 versus $1,020,136 in 2018.” Buyers seemed primed to catch these lower prices before they rise further, driving detached home sales in the GTA way up in the first half of the year. Year-to-date transactions are up 17 per cent over 2018 figures – 20,067 versus 17,202 – and double-digit sales increases happened in more than 70 per cent of TREB districts, which includes areas in the 416 and 905. Chris Kapches, president and CEO of Chestnut Park Real Estate, sees a return to the normal increases that are in line with inflation and wage increases. “We are seeing increases in the average sale price for homes in the GTA, but modest increases consistent with the rise in wages and the consumer price index,” notes Kapches. “In July, the average sale price came in at $806,755, only 3.2 per cent higher than the average sale price of $781,918 achieved last July. This is the fourth consecutive month where increases on a year-over-year basis have averaged about 3 per cent. These increases are very encouraging because they ensure market stability and sustainability.” It's hard to believe that in recent months we have been living through atime of greater affordability, but detached home prices presented a bargain compared with the heady days of 2016 and 2017. First-time buyers and trade-up buyers hoping to secure prime real estate before prices are on the move again were active in Toronto’s east end, which led in terms of percentage increase in the average price of a detached home. It was E01, comprised of North Riverdale, South Riverdale, Blake-Jones and Greenwood-Coxwell, where the average price rose 15.2 per cent to $1,378,987. In second place was ’s C01 area that includes Chinatown, Little Portugal, Trinity-Bellwoods, and , boasting a 12.3 per cent increase, while third place went to peren- nial favourite / with an 11.2 per cent climb in SOURCE: RE/MAX average price for detached homes. MARKET LOOKS ‘PRETTY GOOD FOR THE FALL’

Mark et is healthy with growth in sales and prices, although problem of inventory could spark bidding wars, real estate experts say

THE GREATER TORONTO AREA REAL ESTATE MARKET is on a roll – and there's no sign it's going to stop any time soon. Recent figures indicate continued strong sales in the 416 and 905 area codes, putting real estate brokers in a sweet spot yet again after the correc- tion of 2017. “Things are looking good right now,” says Christopher Alexander, exec- utive vice-president and regional director at RE/MAX of Ontario-Atlantic Can- ada. “We had a couple of years of a half-decent trough and it seems like we're coming out of it. Year-over-year sales have been better than last year since May or June and every month is doing better month over month, too, so things look pretty good for the fall.” Theo Toront Real Estate Board says average selling prices in the GTA are going up. RE/MAX Alexander notes that interest rates remain low and may be cut in the next quarter, which he says will reassure homebuyers, particularly first-timers. He FA CTS ABOUT THE GTA REAL ESTATE MARKET also says that the real estate market has adjusted to new federal government rules such as the mortgage stress test and that has contributed to the stable The real estate market in the Greater To- houses and condominiums. Average tion, showing that the number of GTA situation. ronto Area is seeing continued steady detached property prices, most affect- households continue to grow by The Toronto Real Estate Board reports that July's home price index in the growth after a correction in 2017. ed by the stress test, were strong but 40,000 to 50,000 each year, indicates GTA was up 4.4 per cent and the number of sales had risen 24.3 per cent have grown more slowly in most of ahealthy demand for homes. from July of last year. The overall average selling price also rose 3.2 per cent the GTA. year-over-year to $806,755. SALES Among the factors cited for the healthy performance was the robust Can- CHALLENGES: adian economy and steady immigration to the city. Theo Toront Real Estate Board reported LISTINGS: Chris Kapches, president and CEO of Chestnut Park Real Estate Ltd., says 8,595 sales in the GTA in July 2019. One of the main hurdles for the GTA that, while some of the market numbers being reported might seem high, That's up 24.3 per cent compared to New listings recorded in July 2019 had real estate market is inventory, with de- “we were actually playing catchup, to use a cliché, compared to what hap- July 2018. Sales were up by 5.1 per cent increased compared to July 2018, but velopers scrambling to meet demand. pened after April of 2017 when the market started correcting.” on a month-over-month basis, after by a lower annual rate, at 3.7 per cent. The board was encouraged by the City He explains that the foreign buyers' tax that was implemented signif- preliminary seasonal adjustment. Active listings tabulated by TREB at the of Toronto trying to develop more icantly affected the GTA, particularly in the 905 region. Kapches notes that end of July were down by 9.1 per cent housing options in single-family neigh- the average sale price rising by two to four per cent compared with the same year-over-year, and that was attributed bourhoods and by the Ontario govern- month the year before is a very encouraging sign. PRICES to a tightened market. ment's efforts to encourage and accel- “It means that we have growth but we have sustainable growth and affor- erate the construction of different dable growth,” he says, adding that in 2016 and early 2017, average sale The board says the average selling forms of housing under its More prices were increasing by double digits on a month-over-month basis. He price in July was $806,755, an increase CONTEXT Homes, More Choice plan. Federal says that was unsustainable and why the market corrected, with govern- of 3.2 per cent on a year-over-year ba- measures contained in the 2019 bud- ment engineering. sis to $806,755. Competition between New regulations such as the mortgage get were also aimed at helping buyers. “One might call this a boring market but in my opinion it is an ideal buyers resulted in relatively strong pric- stress test did have an impact on the market because you've got growth in sales and you have growth in average es for semi-detached houses, town- market but strong growth in popula- Source: Toronto Real Estate Board sale price, but in both instances that growth is modest and that's what you want going forward so you can have sustainability.” Both Alexander and Kapches agree that one of the big challenges for the CHESTNUT PARK MARKET REPORT, AUGUST 2019, TORONTO REAL ESTATE MARKET market is inventory. Pricing is competitive and bidding wars might erupt because of the supply in some desirable areas. Both say the market is brisk, “A nother in a string of strong with properties selling in 20 to 30 days. months, starting in March. “Developers can't keep up with the demand,” Alexander says, noting Encouraging to see the 905 $792,611 11,789 only so many units can be built in a given year. He says, as it is, most will end marketplace continuing to Average selling price in August, Number of new listings, down up in the GTA. “There will be an inventory shortfall for the foreseeable future, strengthen, producing 67 per up 3.6% from year before 11.2% from year before Ithink.” cent of August’s reported sales. He attributes any reports of bidding wars to supply and demand. Going forward, available in- “Condos are on average in downtown Toronto at about $1,200 a foot ventory is a concern, particularly 7,711 25 now, which is expensive but the demand is there and they just can't keep up in the 416 marketplace. Overall with it.” inventory levels are more than 11 Number of properties sold, up Days on market average Kapches and Alexander say they believe the positive trend will continue per cent less than August 2018.” 13.4% from year before into next year barring some unforeseen catastrophe. “If you're in Toronto proper, I would say overall it's a rosy picture,” Alex- Sour ce: chestnutpark.com ander says. Product: TGAM PubDate: 09-28-2019 Zone: GTA Edition: 1 Page: SPReport_2984506 User: DBristow Time: 09-15-201922:29 Color: CMYK

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Developers such as MOD are helping to protect many heritage buildings that make Toronto unique

AC ITY EXPANDING AT THE PACE Another project includes 55 Char- that Toronto is risks losing a bit of its les St. E., or 55C,designed by archi- “soul” if it doesn’t protect the many tectsAlliance (aA). heritage and historical buildings of its “I have always loved heritage downtown core, former city planner buildings,” Switzer says. for Jennifer Keesmaat once said. “You have to have the passion to MOD Developments Inc. is a really want to do the right job – that company that has not only embraced attention to detail, which makes the what Keesmaat was talking about, whole project better. The first three but has made it a core component of projects we were doing at MOD – its brand. The company is always Five, Massey and Waterworks – all looking for innovative ways to in- have heritage components. We didn’t tegrate older structures into a project, shy away from it. I can get excited using them as an asset and giving about it. the project more identity and value. “But with Charles, we are not Faux heritage doesn’t cut it. going to say we are only going to do Toronto has a healthy supply of the buildings with heritage in them,” he real McCoy and respect for the char- says. acter of a particular city block helps The architects at aA, led by Peter make Toronto unique as a city. It’s a Clewes, have a great design sensibil- mainstay of the city’s architectural ity, Switzer says. He says he loves the legacy, a real-life storybook showing way the podium has been done, how the city has evolved in a land- with the terracing toward the street, scape now dominated more and the front door and the entrance. more by glass towers. “The twist we did on this one: I Have a look at MOD’s projects – don’t want all bright white when you Waterworks at Bathurst and Rich- walk in the door at 55C, with two mond streets is, as the website says, Barcelona chairs sitting in an empty “Early century meets cool contempo- room” he says. rary.” “We went for a very minimalist The historic Waterworks Building, luxury aesthetic on the inside, 20- circa 1932, is incorporated into a foot high ceilings in the lobby, all in terraced, mid-rise condominium stone and wood, {and an] Asian- structure that will rise above it. influenced aesthetic – very muted When the project is done, there colours, soft, pops of colour through will be 288 homes, a state-of-the-art porcelain, that kind of thing.” YMCA, a spectacular food hall that When completed, 55C will be 48 will remind people of the great food storeys, with 551 condominium emporiums of New York and Europe, suites, ranging from 335 square feet as well as charming pathways and to more than 1,000 square feet. parkscape. It is a complete embrace The rooftop C Lounge will make a of the site’s industrial heritage, statement, like the Rainbow Room on combined with sleek modernism and the 65th floor of the Rockefeller contemporary urbanity. Center in New York. It will be a Then there is Massey Tower, south-facing indoor and outdoor designed by Hariri Pontarini Archi- amenity including a large, 20-foot tects, on Yonge Street, across from high party room, outdoor fireplace, the Eaton Centre. It will consist of 60 full kitchen, dining area, lounge areas storeys and have 697 condo suites, and outdoor terrace with barbecues. with the 1905 Bank of Commerce “Luxury is attention to materials building serving as the grand en- and details,” Switzer says. trance to the development. In Massey, the luxury comes out Yonge Street, south of Bloor in its Edwardian details, in the wood- Street, is currently undergoing an work and the mosaic, whereas MOD exciting revitalization. MOD and is creating a luxury feeling in a new Graywood Developments Ltd. part- building on Charles Street in a mod- nered in Five St. Joseph, a 48-storey ern way. modern tower also designed by “Luxury is also about experience,” Hariri Pontarini Architects, and ERA Switzer adds. “Particularly for the Architects. Several historical buildings younger generations. Those people along Yonge between Wellington want something special. They don’t Street and St. Joseph Street were care if they are living in 500 square restored. feet. The project’s Gothic revival façade, “The idea that they live in a build- circa 1905, is four storeys high. ing where they can take you up to For MOD CEO Gary Switzer, the the rooftop, and have a barbecue and concept of “statement architecture” hang out, that to me is a real luxury goes beyond heritage, although experience.” that’s obviously a big part of what That experience for the home- MOD does. It comes down to what is buyer starts with the building’s impactful to Switzer and the team, architecture and design, and that’s including MOD President Noorez where MOD is really making a mark Lalani. in Toronto.

MOD Development’s 55C project on 55 Charles St. E. in Toronto is a departure from some of the developer’s heritage building projects. Shown from top is 55C’s exterior, the inside of the lounge, the interior of a corner suite and at left is the entrance. MOD’s heritage projects include Waterworks, Massey Tower and Five St. Joseph. MOD DEVELOPMENTS FO R THE INVESTOR, REAL ESTATE OPPORTUNITIES ABOUND

From bricks and mortar and I stress well-chosen, residential before diving in,” she says. estate expert. rental real estate has become an Lesley-Anne Scorgie, a personal “ “In the last decade, the alternative to REITs, there are many increasingly more popular choice. finance expert and founder of Me- In the last decade, investment of choice has been real investment options, “Given current demographic and Vest, says real estate is a good tool the alternative estate. For many, however, holding but you should seek economic trends in Canada, coupled to help diversify your portfolio, but investment of bricks-and-mortar rental property just with lower mortgage interest rates, geographic differences need to be choice has been isn’t realistic. Thankfully, there are a diversified portfolio we are witnessing an increase in taken into account. other ways to invest in real estate demand for rental living thus creating “For example, Ontario has been a real estate. For without owning property,” King says. PUTTING MONEY INTO REAL ES- the demand one needs for long-term hot market for years whereas Alber- many, however, One of the most common is a TATE has become a very popular tenant relationship. This increase in ta’s real estate market has suffered. holding REIT, which is a fund or company option for people investing their rental demand keeps un upward And today there are non-traditional bricks-and-mortar that earns income through its in- money these days. pressure on rent rates, even if the ways to invest in real estate; not just vestment in real estate. Opportuni- And the options for investment real estate purchase market softens,” in physical properties, but tools like rental property ties here exist in both public and are varied. You can choose from says Campbell. REITs make it much easier for in- just isn’t realistic. private REITs. buying rental properties to investing Kelley Keehn, personal finance vestors to enter the market,” she Thankfully, there King says that adding REITs to in real estate investment trusts and educator and consumer advocate for says. are other ways to one’s investment portfolio can help mutual funds with a real estate base. FP Canada, says real estate, like any When it comes to building an with diversification. Also, let’s not forget that many investment class, is an important investment portfolio the key isn’t to invest in real “Quite often, by adding a REIT, an Canadians’ pension plans are in- consideration for any portfolio, focus on what assets will always estate without investor will get similar returns to stitutional investors in the national whether it’s owning your own grow, but how diversified your asset owning property.” stocks but with a very low correla- real estate market. home, a cottage, real estate in- allocation is in order to maximize tion. Don Campbell, senior analyst with vestment trust (REIT) or rental prop- growth. Romana King “In other words, you may get the Real Estate Investment Network, erty. Seeking the advice of an expert For that reason, it’s integral to Personal finance expert equity-like returns but without the says that people today are looking in the field is important. have complementary investments — same up-and-down pattern of an for ways to deploy capital that can “But, like any asset class, being investments that go up or stay stable equity index; when stocks go down, create income, especially when properly diversified and under- even when other assets are getting chances are the REIT will be up. yields decrease in bond and stock standing all possible risks that real clobbered by the markets, says That’s because the underlying asset markets. estate possesses, along with liquidity Romana King, a personal finance in a REIT is the rent collected on the “Well-chosen and well-managed, constraints, is essential to understand columnist and award-winning real basket of rental properties owned,” she says. SATURDAY,SEPTEMBER 28, 2019 | THE GLOBE AND MAIL G C11

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Sugar Wharf, a master-planned waterfront community, has plans for an elementary school, which will be unique in Ontario and benefit the thousands of parents who are projected to work in the businesses adjoining the residences. MENKES DEVELOPMENTS A NEW KIND OF HIGHER LEARNING

A vertical school at Sugar acondo would be unique in Ontario,” want to maintain those advantages “Proliferation of amenities is the school into Sugar Wharf Residences says Bird, who declined to comment once they have kids. Incorporating an next logical step in our shift toward got quick traction within the Menkes Wharf will put a new about when a final design might be elementary school into the project vertically integrated living,” says family, which has been developing twist on the notion approved. provides them that option and would Christopher Alexander, executive properties in the Toronto area for of ‘home schooling’ go a long way towards deepening vice-president and regional director, more than 60 years. community ties.” RE/MAX of Ontario-Atlantic Canada. “We had incorporated daycares AN ANCHOR TO DEEPEN For example, parents who live at “As Toronto’s population continues into previous facilities,” says Ng. BUYER INTEREST REMAINS HIGH in COMMUNITY TIES Sugar Wharf Residences who develop to grow and demand rise(s) for “But the increasing number of Sugar Wharf Residences following a The benefits of a vertical school fleeting acquaintanceships among connected urban communities, up is babies, toddlers and kids that we strong 2018 when the Toronto water- would be particularly attractive to their neighbours could get a chance the only place left to go.” have been seeing during ‘meet your front project was named Canada’s parents among the 4,500 upper deepen those ties at school activities. The changes are taking place neighbour’ parties at our new pro- fastest-selling condo development. Those opportunities will also be jects encouraged us to take the next According to Mimi Ng, a senior available to children for whom they step.” vice-president at Menkes Devel- “ will be particularly valuable during a “ The fact that one of the third opments Ltd., the mixed-use, six- A school of this time when many are increasingly Proliferation of generation Menkes children lived in a tower project, which includes 11.5 size in a condo online. amenities is the condominium and started his family acres of luxury residences, offices, would be unique next logical step there provided a tangible success restaurants and shops, continues to in Ontario. in our shift story. Company officials quickly draw widespread attention. AFT IRS FOR TORONTO grasped the latent opportunity. Sugar “Two towers are sold out and the Areport by EY Research, defines toward vertically Wharf’s substantial adjacent park Ryan Bird office building is under construction,” vertical schools as a “catchy phrase to integrated living. facilities and green spaces, which will Spokesperson says Ng. “People are very positive describe schools housed in a multi- enable students to enjoy recess and Toronto District School Board and excited.” storey building.” However, such Christopher Alexander lunch time outside, also helped tilt However, Menkes’ bid to integrate institutions can be a vital element in Executive VP, regional the balance. Background discussions a“vertical school” into one its towers middle-income professionals who are smart cities and often generate director with a variety of public-sector officials, suggest that the best may be yet to projected to work in the businesses symbiotic relationships in local RE/MAX of Ontario-Atlantic Canada who provided invaluable initial input come. The proposal, if approved by adjoining Sugar Wharf Residences. community. and positive feedback, also helped. the Toronto District School Board, Those who enrolled their children Vertical schools also generate quickly. Menkes officials say that, once would bring a whole new dimension could drop them off at class on the more bang for the buck than regular “Higher-density housing already completed, the Sugar Wharf commu- to the area by providing a public way to the office each day. The schools, which are generally vacant represents the lion’s share of resi- nity will be the largest mixed-use elementary school to service the possibility of having a school so close and underutilized outside school dential sales in the GTA,” says Alexan- development on the Toronto water- growing population of downtown to home would also boost the attrac- hours, says the report. Due to their der. “It wasn’t that long ago that front. As many as 7,500 residents will families with young children. tiveness of the condos themselves to location, vertical schools serve as an condos didn’t even exist in the city. benefit directly from the facilities. The Ryan Bird, a Toronto District School employees in companies such as the ideal locale for neighbourhood Torontonians have adapted and two towers currently under construc- Board spokesperson confirmed that LCBO, which will occupy a third of the meetings, adult education classes and innovative developers are taking a tion at Sugar Wharf, which was the TDSB is exploring the construc- office tower. other activities. cue.” named after the nearby Redpath tion of a new school in conjunction “Younger adults often develop a Avertical school at Sugar Wharf, sugar refinery, are expected to reach with the city as a part of a tower in taste for the city lifestyle early in their which would be the first in the city, 64 and 70 storeys high. the Yonge and Lakeshore area. careers,” says Ng. would mesh with several existing PA RKS AND GREENSPACES The office tower is slated for “We believe a school of this size in “However many find that they trends. The idea of integrating a vertical completion in Spring 2021, TOP 10 TRENDS YOU’LL SEE AT THE HOME SHOW

MORE THAN 300 EXHIBITORS will be WARM COLOURS CO-LIVING giving some love to outdated pieces into shelving or a coffee table that taking part from Oct. 4 to Oct. 6 at As mall change in the paint colour With the Ontario real estate market to increase its value for sale. Think has hidden storage and a pop-out top the Toronto Fall Home Show at the can revamp any space – especially in hitting record high demand, a panel about painting that old table or that extends to the couch. Enercare Centre at Exhibition Place. time for a new season. Benjamin of professionals at the 2019 Fall adding new knobs to that cabinet. It’s a great place to explore what’s Moore colour and design expert Home Show will explore the co-living trending in furniture and décor Sharon Grech will be a guest speaker movement. The panel will discuss the LANEWAY HOMES pieces, how and where to add style at the 2019 Toronto Fall Home Show. interior design and function that is PLANTER DIYS With the growth of cities, dwellings to your home, as well as how to Grech suggests warming up your required for a shared space with Pe ople are taking on projects them- built along laneways are growing better organize your home and save overall colour scheme for fall, or multiple tenants or owners, financial selves to save as much money as increasingly popular. These houses space. simply energizing your neutral décor considerations for ownership of possible. The personalized touch is a being built on pre-existing lots might with the addition of earthy hues of property by multiple individuals, as bonus on top of the money saved. be small but they pack a big punch. muted pink with rich stone and wood well as human behaviours that are One of the trendiest home décor SONOPAN tones. impacted through a co-living envi- items right now are wooden plant As people move into smaller spaces, ronment. stands – a few wooden dowels and PRETTY PAINTED PUMPKINS soundproofing quickly moves to the some screws will get the job done. This year is all about painted pump- top of our must-have list. Even as we SMALL SPACE ORGANIZATION Finish off with a nice wood stain and kins adding a splash of fabulous fun reconfigure basements as living It’s hard keeping small spaces orga- COOKING TOOLS 101 you’re good to go! to your fall décor. Play with metallics, spaces, ensuring privacy is very nized, so KonMari certified profes- Cooking well (and in style) has pastels, or the traditional Halloween important. SONOPAN is an easy-to- sional organizer Effy Nicopoulos become a trend in and of itself, colours with some sparkles added install patented sound insulation suggests purging your items by experimenting with different cuisines. MULTIFUNCTIONAL FURNITURE into the mix for an extra pretty panel made from 100 per cent recy- asking yourself whether they spark Utilizing dual-purpose furniture pattern. cled wood fibre. It can be used on joy. Going with this train of thought incorporates unique designs and For more information on show walls and ceilings before or after will help you clear out the clutter in UPCYCLING functionality to leverage space. features and presenters, head to construction. your home. DIY expert Leighanne Allaire advises Imagine a dining table that converts www.fallhomeshow.com

2019 INTERIOR DESIGN SHOW TRENDS

THE FUTURE KITCHEN BIOPHILIC DESIGN ORGANIC SHAPES MUTED HUES LUX

Kitchens continue to be at the Creating a calm space that brings The shapes and forms of such Trending colours this year are This year is a throwback to the forefront of innovation in the nature into our world is a strong pieces as furniture and furnish- very soft and soothing, taking past with opulent, soft velvet home, through technology trend, whether through plants, ings continue to be softer and inspiration from the natural textiles and glimpses of gold. breakthroughs in appliances and natural colours or rethinking rounder this year. world. cabinetry systems. wood as a building material. Sour ce: IDS Actual View

AN ELEVATED EXPERIENCE. Welcome to thecity’smostsophisticated residences.Located in thecoveted BloorYorkville neighbourhood, 55 Charlesissimplyextraordinary.Fromits sculptural architecture to its refinedamenities, to itsmeticulouslydesignedsuites, thisdevelopment is trulyone of akind.

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Oneofthe highest amenity spaces in Toronto, theCLoungeat55Charles is spectacular. Perchedonthe 49th floor, thisstunningindoor-outdoorloungecomes outfittedwithinvitingseating anddiningareas,cozyconversationpods, and electrifying views. Perfect for dreamy dinnersand moments of quietcontemplation, thissupremely elegantspace is just one of many stunningamenities at 55 Charles.

Make it yours.

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Priced from the $700’stoover$2.5M 55charlesresidences.com

PRESENTATION CENTRE 23 St.ThomasStreet, TorontoONM5S 3E7 Mon-Thurs12-6pm/Sat-Sun 12-5pm [email protected] Fribyappointmentonly

Pricesand specifications subject to change withoutnotice.E.+O.E.Exclusive Broker MarketVisionRealEstate Corp.Brokers protected. Illustrations areartist’simpression.