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A BLOCK FROM EVERYTHING

DOWNTOWN EAST TODAY• 28,345 people live in the Church-Yonge Corridor.

• 71% (20,185 people) of the population are within the ages of 25-64 with a median age of 37 years old.

• The average household income of $96,510, is 42% greater than the GTA average of $68,110.

• Public transit convenience at your doorstep, 7.5% of all GTA TTC users travel from this neighbourhood daily.

• A dynamic mix of music and culture, our neighbourhood is host to some of the city’s most popular events: – Woofstock – Music in The Garden at St. James Park – Pride Parade – Nuit Blanche

• Notable landmarks include: – The Flatiron building – The Hockey Hall of Fame – St. James Cathedral – St. Lawrence Market – The St. Lawrence Centre for the Arts – The Sony Centre for the Performing Arts * See page 6 for map.

*Figures and Statistics based on Numbers Provided for the St. Lawrence Market in the Church-Yonge Corridor (75) of City of Toronto’s Ward 28.

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DOWNTOWN EAST TOMORROW

The Future is Bright

BILLIONS OF DOLLARS ARE BEING INVESTED IN THE CONTINUED REVITALIZATION OF TORONTO’S EAST END.

St. Lawrence Market Neighbourhood

• Market Street’s future Curbless Streets will accommodate patios in the summer and parking in the winter.

• Major restoration planned for The Esplanade and Scott St.

• Completely rebuilt streets with dedicated cycle lanes.

• Widening of the streets for the Promenade Plan will start at Church and move West through the Financial District.

• A Pedestrian-friendly corridor running all the way from the Don River westwards into the Entertainment District will be completed in the next five years.

• $18 Million Expansion to the St. Lawrence Library.

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St. Lawrence Market North Redevelopment

• $91.5 Dollar Investment to begin in 2015.

• The Old North Building to be replaced by 35,000+ SF building that will host the Saturday Farmers’ Market and Sunday Antique Market.

2015 West Donlands Redevelopment • A $514 Million contract to shape the 80 Acre Development of the West Donlands / Pan AM Games Village.

• The project will include 6000 Residential Units, 23 acres of parks and public spaces and world class residential and commercial developments.

• State of the art 82,000 SF Community YMCA.

The Revitalization of Union Station• A $640 Million initiative focused on the expansion of the GO concourses by threefold to accommodate the expected doubling of passengers at Union Station by 2030.

• To restore and preserve the many heritage elements of the old Union Station.

• The Union Pearson Express will connect passenders from downtown to the Toronto Pearson International Airport in under 25 minutes, every 15 minutes! This will removed 1.5 million car trips from our roads every year.

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THE MOST CENTRAL LOCATION IN THE CITY

Transit Score: 100 Walk Score: 98

Walking

60 Colborne is in the heart of the Church-Yonge Corridor which is considered the 2nd most walk able neighbourhood in Toronto with 1359 Restaurants, Bars and Coffee Shops within a short walk.

Transit Access, it Couldn’t be Any Closer

54,120 people access the Subway from King Station daily. 504 streetcar daily ridership total is 56,700 (highest of all streetcar routes).

Transit Advantage:

•  A streetcar stop right outside the building.

• King Subway Station a 3 min walk away.

• Union Station/Go Station a short walk away.

• The Union Pearson Express a 10 minutes walk away

Driving

Easy access to major highways within minutes.

Billy Bishop Toronto City Airport

Downtown airport shuttle pickup/dropoff a 5 minute walk away

CHURCH – YONGE CORRIDOR

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WALK TIMES FROM SIXTY COLBORNE

• St. James Cathedral

• Metro Grocery

• Highway Access

• King Subway Station

• The Flatiron Building

•  PATH Walkway

•  St. Lawrence Market

• George Brown College

• St. Lawrence Centre for the Arts

• Sony Centre for Preforming Arts

• Hockey Hall of Fame

• Financial District

• Eaton Centre

• Union Subway / GO Station

• Air Canada Centre

BERCZY PARK

QUEEN ST E

EATONCENTRE

SHER

BO

UR

NE ST

GEORGE BROWN COLLEGE

AIR CANADACENTRE GARDINER EXPRESSWAY

FLATIRONBUILDING

ST. LAWRENCECENTRE FOR

THE ARTSSONY CENTRE

HOCKEYHALL OF FAME

1 minutes

2 minutes

3 minutes

3 minutes

3 minutes

4 minutes

4 minutes

5 minutes

5 minutes

6 minutes

7 minutes

8 minutes

9 minutes

9 minutes

15 minutes

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PATH MAP Toronto’s Underground Downtown Walkway – Nearest Entrance 3 Minutes Away

Harb

our Street

Elm Street

Bremner Boulevard

College Street

Gardiner Exp

ressway

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• U of T 15 minutes

• Ryerson University 15 minutes

• North York (Mel Lastman Square) 26 minutes

• High Park 25 minutes

• Yonge & Eglinton 20 minutes

• Yorkdale Mall 25 minutes

TRAVEL TIMES – CONNECTED TO EVERYTHINGFrom King Station

• Scarborough (Town Centre) 50 minutes

• Etobicoke (Kipling Station) 40 minutes

• Ossington 25 minutes

• Danforth 25 minutes

• Toronto City Hall 10 minutes

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SAY HELLO TO YOUR NEW NEIGHBOURS

EatBetty’s Big Smoke Burger Bistro 243 BraviCarismaC’est WhatCarpe DiemChurrascoColborne LaneFusaro’sGeorgeGeorge St. DinerKulturaLa MaquetteLa Petit DejeunerLe PapillonLucienNamiOriginRosewater Supper ClubStarfishTerroniThe BoweryThe Chef’s HouseThe Patrician GrillThe Sultan’s TentTom JonesVeritas

PrimpAllan Parss Salon Area Fitness AvedaBikram Yoga Fitness ClubGlowShizen Spa Yoga Lounge Wynn Fitness

ExploreAntique Market Berczy ParkDavid Crombie ParkFarmer’s Market Flatiron Building King Edward HotelSt. James Cathedral St. James Park St. Lawrence Market Sculpture Garden

CelebrateBier Market CourthouseLaideMcVeigh’sPat Quinn PravdaPrince of Ales Reservoir Lounge Wine Bar

ShopAndrew Richard DesignsBoConcept TorontoDomison TorontoEQ3Fiber LivingFlux + FormFresh & PrestigeInDesign FurnishingsItal InteriorsJardin de VilleKioskKlaus by NeinkamperLimitlessMa ZoneNavigate SpaceNicholas HoareOptic ZoneOrigo BooksRoche BoboisRoomy InteriorsStudio BThe St. Lawrence Market High TechUp Country

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LIVING AT SIXTY COLBORNE

Location, Location!

A Block From Everything. The central location of this building is unmatched! Going out for dinner? A night at the Leaf’s game? Grabbing a train out of town? Headed to work on Bay St.? No problem, walk everywhere in minutes.

King East: the Future is Bright

With billions of dollars being spent on the revitalization of East Toronto including the neighboring West Don Lands the host site for the 2015 Pan AM Games, and the Re-Development of the St. Lawrence North Market, Sixty Colborne is ideally located to take advantage of the best the city has to offer now and into the future.

PATH

A four minute walk to the entrance of the largest underground shopping complexes in the world. The PATH system is an underground walkway connecting pedestrians to a network of over 28 kilometers of pedestrian tunnels that weave through 371 600 SM of retail space beneath the office towers of Downtown Toronto.

The St. Lawrence Market

“The Best Food Market in the World.” The National Geographic acclaims the St. Lawrence Market as #1 in their recently published book Food Journeys of a Lifetime.

Our Units are Larger

With the average size of one bedroom units at 690 SF, two bedroom units at 1106 SF, and three bedroom units at 1902 SF, buyers in search of high quality functioning floor plans have found just that at Sixty Colborne.

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SIXTY COLBORNE, THE BUILDING• 25 Stories of Luxury Condominium Residences

• 252 Unit Building

• Building design by Architect Peter Clewes of Architects Alliance

•  Interiors by Johnson Chou Inc.

• LEED Certified building

• Floors 2 – 6 Podium | 7 –10 Upper Podium | 11 – 25 Tower

• 24 hour concierge

• Exquisitely designed terrace-level raised swimming pool and lounge area with views of the city, St. James Cathedral and east to the St. Lawrence neighbourhood

• Floor-to-ceiling windows & 9 ft. ceilings*

•  Individual, digitally-controlled HVAC systems

• Acoustically engineered demising party walls

• Balconies and terraces to feature outdoor lighting*

• Optional gas line to kitchens, balconies and terraces

• Stunning “Openair Suites” featuring massive glass doors with open corners to bring the outside in

• An iconic orange-glass facade showcasing the podium of the building, tying in the warmth and charm of the surrounding brick buildings with its sleek design

*As per plan. All sizes, specifications and materials are subject to change without notice. E. & O.E.11

Front Facade

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EXTERIOR

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INTERIOR

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OPENAIR BALCONIES

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OPENAIR BALCONIES

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ROOFTOP POOL

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ROOFTOP TERRACE

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INTIMATE BUILDINGS ARE BETTER

Boutique Condo With 252 Units

The boutique size and unit mix in Sixty Colborne have made it a favorite among purchasers looking for a place to call home. To date, the majority of purchasers intend to live in the building, a sharp contrast from many of the high-rise towers planned throughout the city.

SIXTY COLBORNE Stories: 25

Units: 252

Unit Size Range: 440 – 2325 SF

YONGE & RICH Stories: 50

Units: 650

Unit Size Range: 459 – 854 SF

L-TOWER Stories: 58

Units: 600

Unit Size Range: 536 – 2400 SF

88 SCOTT Stories: 58

Units: 480

Unit Size Range: 555 – 1637 SF

*Approximate figures sourced from www.realnet.ca

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2 BR

1 BR + Den

1 BR

UNIT TYPE

$643,900

$494,900

$383,900

PRICE

$128,780

$98,980

$76,780

20% DOWN PAYMENT

$515,120

$395,920

$307,120

80% MORTGAGE BALANCE

$2,569

$1.974

$1,532

MONTHLY MORTGAGE

(3.49%, 25YR ANNUALIZED)

$3,626

$2,766

$2,163

TOTAL CARRYING COSTS:

MORTGAGE, MAINTENANCE $0.57 PSF, PROPERTY TAX @ 0.875% OF PURCHASE PRICE

$4,150.00

$3,200.00

$2,625.00

2017 ESTIMATED RENT PER FURNISHED UNIT

14.6%

14.9%

16.9%

RETURN ON INVESTMENT (YEAR 1)

2017 Rental Projection Analysis (assuming 4% per year rent increases from 2014 to 2017 occupancy date)

Notes: - Buildings used in this CMA: 33 Lombard, 37 King St. E. & 1 Market St.- Rental rate estimates are based on average lease prices across the above three comparable properties from leases over the last ninety days as of September 2013.- Parking not included in any of the units used in this CMA. Where parking was included in actual leases, $175 was subtracted from the monthly lease price.- The 4% increase in rental rate year over year is compounded.

$12,489.79

$9,599.63

$7,465.89

PRINCIPAL PAID DOWN BY TENANT (YEAR 1)

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MEDIA COVERAGE

The Colborne Identity National Post

PH4 nationalpost.com NATIONAL POST, SATURDAY, MARCH 24, 2012

Rates are subject to change. Selection of financial institutions may vary weekly. Figures supplied by Fiscal Agents

ATB Financial 3.80 4.45 - 6.30op 3.20 - 6.30op 3.55 - 6.50op 3.95 4.39 3.79Alterna Svgs/Alterna Bk 3.00 4.00 - 6.30op 3.05 - 6.30op 3.30 3.35 3.40 3.45Bank ofMontreal 3.10 4.45 - 6.30op 3.20 - 6.30op 3.55 3.95 4.64 2.99Bank of Nova Scotia 3.10 4.55 - 6.45op 3.65 - 6.50op 3.89 2.79 4.39 3.99CanadianWestern Bank - 4.45 - 6.45op 3.20 - 6.30op 3.55 3.95 4.64 5.24CIBC 3.10 6.70op 3.20 - 6.35op 3.29 3.95 2.99 4.04HSBCBankCanada 3.10 4.45 - 6.20op 3.60 - 6.35op 3.95 4.45 4.99 5.39ICICI BankCanada 3.05 - 3.15 3.65 3.64 3.69 3.44INGDirect 3.00 - 3.09 3.15 3.19 3.25 3.49Laurentian Bank n/a 4.40 - 6.70op 3.50 - 6.50op 3.55 3.95 3.39 3.79Manulife Bank 2.90 4.45 3.00 - 4.00op 3.15 3.30 3.35 3.40National Bank n/a 4.45 - 6.70op 3.50 - 6.30op 3.55 3.95 2.99 4.04President’s Choice Financial 3.10 - - 3.20 3.24 3.30 3.54Royal Bank 3.10 4.45 - 6.30op 3.20 - 6.30op 3.55 3.95 2.99 5.24TDCanada Trust 3.10 - 3.20 - 6.30op 3.55 3.95 2.99 5.24

AGF Trust n/a - 3.04 3.20 3.24 3.39 3.64

Effort Trust n/a 4.45 - 6.30op 3.45 - 6.30op 3.80 3.90 4.60 5.10Equitable Trust - - 3.50 3.85 3.95 4.64 5.14HomeTrust Company 3.20 2.89 2.99 2.99 3.19 3.49 3.59Investors Group Trust n/a 4.55 - 6.50op 3.20 - 6.30op 3.55 3.95 4.64 5.24MTCC 3.10 4.55 - 6.45op 3.65 - 6.50op 3.89 2.79 4.39 3.99MRSTrust n/a 2.75 - 3.30op 3.00 3.40 3.90 4.05 4.10ResMor Trust Company - - 2.89 - 3.19 - 3.39

ComtechCredit Union 2.85 6.60 - 8.40op 2.99 - 9.00op 3.25 3.29 3.19 3.49DUCACredit Union 3.00 4.60 3.35 - 5.75op 3.40 3.45 3.50 3.70FirstLineMortgages 3.55 - - 3.35 3.39 3.59 3.89First National Fin. LP 3.00 4.45 2.94 3.15 3.19 3.25 3.39FirstOntario C.U. 3.05 6.34op 2.98 - 6.34op 3.18 3.28 3.18 3.19Industrial Alliance/IAP n/a - 3.50 3.55 3.95 4.74 5.24MCAP 3.00 - 3.60 - 6.30op 3.95 4.35 4.89 5.24Meridian Credit Union 2.75 4.45 2.89 - 6.30op 3.09 3.19 3.40 2.98PACESavings&C.U. - 4.45 - 6.70op 3.50 - 6.30op 3.55 3.95 4.64 5.24ParamaCredit Union 2.85 - 3.10 3.25 3.30 3.50 3.60Teachers Credit Union 4.00 4.45 - 6.30op 3.29 - 6.50op 3.49 3.69 3.39 3.89

*Also offer 7- to 10-year mortgages. op = open mortgage. n.a. = not available from company. ro=renewals only dashes (–) mean companies not quoting at present. ror=rates on request.

TRUST LOAN

BANKS

Variable rate 6months 1yr 2yr 3yr 4yr 5yr Variable rate 6months 1yr 2yr 3yr 4yr 5yr

OTHER

MORTGAGE RAT E S 2 1 . 0 3 . 1 2

BOOKLOOKCOASTALMODERN

SOPHISTICATEDHOMESINSPIREDBYTHEOCEANBYTIMCLARKE,PHOTOSBYNOAHWEBB;POTTER

While blues, whites andbeachy colours abound, asexpected, they’re foils for amore inspiring sophistica-tion. The tones are calmingand the materials natural,but here weatherworntables and sea-themed artpal around with silver teasets and grand chandeliers.Rustic and elegant becomekissing cousins.

P O S T H O M E S

CONDOCULTURE

Q In a letter to ourmanage-ment company a namewasput forward stating that thispersonwould be a candidatefor the board of directors inour upcoming election. Thisperson’s namewas announcedat the annual generalmeet-ing by the president but wasnever seconded. The candidatein question did not attend theannual generalmeeting, butwas voted into office.Was thisa valid election?A It is not unusual or out of or-der for the chair of themeet-ing to list the names of thepersons who have indicatedtheir intention, in advance ofthemeeting, to be candidatesfor election to the board ofdirectors.

It is within the condo act toissue a pre-notice, in advanceof the notice of themeeting,asking any people interestedin being candidates for elec-tion to the board of directorsto submit, to the condomin-ium corporation, notice inwriting to this effect. Pre-notice is very good practiceso that owners have plenty oftime to consider running foroffice. Inmost condos there isa shortage of volunteers andsometimes it is very difficultfor the remaining board to fillthe vacancies.

The CondominiumActprovides that a personwho isnot present at ameetingmaybe elected or appointed if theperson consents in writingto act as a director before themeeting or within 10 daysafter themeeting.

There is no requirementthat nominations for electionto the board be seconded.❚Marilyn Lincoln is a condoowner, director and authorof The Condominium SelfManagement Guide 2nd ed.Send questions tomarilyn-condoguide@hotmail.com

National Post

Candidatesdon’thave toattend tobevoted in

THE BOARD

‘I think safe is a pejora-tive word,” chef ClaudioAprile declares over a

toothsome starter of devilledeggs, spiked with smokedbacon and souffletine. We’rehaving lunch at his King Eastrestaurant, Origin, along withreal estate developer PeterFreed, architect Peter Clewesand designer Johnson Chou(the latter two are behindMr. Freed’s latest condo pro-ject, 60 Colborne, across thestreet). Mr. Aprile is relatinghis contempt for safety — andits posse of bland wing-men(predictability, banality, medi-ocrity) — to food and archi-tecture. “I’m not saying thateverything needs to be polar-izing, but you don’t want tobe everything to everyone,”he says. “I like to take ingredi-ents that aren’t always cele-brated and turn them intosomething special.” With thatpronouncement, a waitressplaces exhibit A before us as ifon cue: A large beet, provoca-tively served whole with knifeand fork, is adorned with wal-nuts and pickled red onions,and landscaped with minisnow drifts of creamy chevre.The chef-owner and cele-brated culinary provocateurhas long been fond of buck-ing convention, re-imaginingingredients and flavour pro-files. His distaste for the roadwell travelled, and the pleas-ure he takes in not pleasingall and sundry asserted itselfearly in his career. Mr. Aprilewas fired from his first job ata doughnut shop in Bramp-ton, which found him stuffingeach pastry with 10 pumps ofjelly (he was supposed to useone pump). He was fired fromhis next job, the Keg, becausehe spent his time carving ani-mals out of carrots at the sal-ad bar. And he also once quita job at a Toronto restaurantwhen the owner, who poppedin for dinner with his youngson, requested ketchup. (Heproposed using his mother’stomato jam. When the ownerinsisted on ketchup, Mr.Aprile quit.)

Mr. Aprile finds a kindredcarrot carver in Mr. Freed:“Peter likes to push the en-velope, too. His philosophy iscompatible with mine. I wantto be a leader. I don’t wantto repeat what I’ve alreadydone.” Mr. Freed is also hard-ly in play-repeat mode. He’smoved his Monopoly playingpiece — with 60 Colborne, theking of King West has headedeast. Mr. Freed was drawn tothis neighbourhood for thesame reasons he was initiallyattracted to King West. I loveneighbourhoods that mixthe new with the historic,” hesays. It’s a design-driven ap-proach that has proven in-ordinately successful. KingWest is a Freedian universeof design-centric condos andtheir young and stylish dwell-ers, while construction cranesplasteredwithhis namedecor-ate every block.

When I ask Mr. Freed how

many condos he’s developed,he looks at me bashfully asthough I’d asked the most vul-gar of questions. “It’s not like Iwake up and count my units,”he says. (Then, he reveals hisnumber: 3,000 units.) I’ve metand interviewed Mr. Freedseveral times, and every time Iam newly struck by his preter-natural calm. For a 3,000-unitman, Mr. Freed has a remark-able talent for appearing eter-nally tranquil. In a culturethat loves to confuse beingbusy with being successful, Mr.Freed (who is quite obviouslyboth) has a refreshing knackfor always appearing at lei-sure. As if he had nothingmorepressing to do than chat idlyover a root-veg salad.

Mr. Freed becomes animat-ed when he starts discussingwhat enticed him eastward.“We wanted to expand intoother great neighbourhoodsand this opportunity came upto buy this site [a former park-ing lot] to build and completethe north side of Colbornestreet,” he says. “Designingand creating a property is cre-ating the ultimate product.And it’s a real privilege to cre-ate a physical structure thatcould be here for the next 200years.”

Part of the challenge — andtheallure—of60Colbornewasto divine a property that wouldintegrate what the neighbour-hood could be in the next 200years with what it’s been inthe last 200 years. “This is oldToronto,” says Mr. Aprile of aneighbourhood home to the

St. Lawrence Market, St. Law-rence Hall and St. James Cath-edral. “This is Hogtown! But atthe same time, it was just pubcentral up until five years ago.It’s been an under-servicedarea full of people who appre-ciate travel, food and design.This is an opportunity to bringa world-class property to thisarea.”

Designer Johnson Chou wasalso drawn the area’s historicriches. “There’s a real sense ofcommunity here,” Mr. Chousays. “And there’s a maturity inthedemographicbut also in thewealth of architectural stock.”Mr. Chou’s goal was to fashiona property that would be ur-bane and romantic. “One of themain things we did was createspaces imbued with theatricallighting. Most condos considerlighting just in terms of safetycodes.”

“There’s a tyranny of safetyin this city,” says Mr. Clewes,who worked with Mr. Freedon Toronto’s Thompson Hoteland clearly shares his lunchcompanions’ allergy to the

banal. “Toronto is a Victor-ian city and a brick city,” saysClewes, over flour tortillas ofChinois duck, hoisin, srirachaand shiso-apple-and-amar-anth spicy beef handrolls, “welook around andwe say, ‘Whatwe ought to do is more of thesame.’ It makes us feel safeand comfortable. We are ob-sessed with context. We stillcarry the hopes and fears anddreams of the city’s originalEnglish settlers.”

With 60 Colborne the vi-sion was to doff those hopesand fears of yore and createa building of our times. “Thisproject is contra-punctual— the context will serve asa point of reference as wellas a point of departure,” Mr.Clewes says. “The buildingmarks a coming of age: It’sabout a city that is secureenough to not simply replicatewhat came before it, but to ref-erence the past and move for-ward.” A philosophy perfectlyin concert with Freed’s : “Re-spect the past, celebrate thepresent and look forward.”

From the outside, the 25-storey, 281-suite buildingwill sport rustic-orange glassframe fashioned as a kindof hat tip to Hogtown’s red-brick architectural ancestry.However, a rooftop swimmingpool and lounging ground, forexample, ushers the buildingdeterminedly into the presenttense. “The building will be amodern interpretation of ahistoric form,” says Mr. Cleweswho credits Mr. Freed as oneof the rare developers whounderstands and appreciatesdesign.

“I’m obsessed with design,”Mr. Freed says. “If that everstops, I don’t want to do thisanymore.”

National Post

Peter Clewes (architect) andPeter Freed (condo develop-er), standing near King andChurch; parking lot to thesouth of future 60 Colborne;Mr. Freed, chef ClaudioAprile and interior designerJohnson Chou at Origin.ALEX UROSEVIC FOR NATIONAL POST

King Street’s condo titanmoves east, and getsinsight from a neighbourhood chef ByOlivia Stren

THECOLBORNEIDENTITY

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MEDIA COVERAGE

Design of Freed’s Sixty Colborne Boldly Reinterprets its Context Urban Toronto

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MEDIA COVERAGE 47metronews.caWeekend, April 5-8, 2012 HOME

A rendering of Sixty Colborne condominiums. CONTRIBUTED

Sixty ways to love this condo

Building amenitiesResidents will enjoy a 24-hour concierge service along with an exquisitely designed terrace-level raised swimming pool and a lounge area. There’s also an ultra-modern fitness centre and a fully-furnished guest suite.

In the ’hoodThe vibrant St. Lawrence Market provides world-class shopping and entertain-ment. Fine dining and unique shops can be found along King Street. This highly walkable locale pro-vides great shopping at the nearby Eaton Centre and the Yonge Street corridor.

Project overviewSixty Colborne boasts nine-foot ceilings in all main living areas. Designed by award-winning architect Peter Clewes, this mid-rise building will have 25 storeys and 281 units, with tentative occupancy slated for 2015.

Meet the condo Sixty Colborne by Freed

Developments

King and Church streets, freeddevelopments.com, 416-601-0060

From 491 to 829 sq. ft., from the mid-$200,000s

Location and transitSixty Colborne is located just east of the downtown core. Plenty of transit options here, with nearby Union Station and the Yonge Street subway. Com-muters are adjacent to the Lake Shore Blvd. and the Gardiner Expressway.

Five-year mortgage rates

FIXED VARIABLE5.44% BMO 3.10%5.44% CIBC 3.20%5.44% HSBC 3.10%3.44% ICICI 3%3.49% ING 3.00%5.44% RBC 3.20%4.99% SCOTIA 3.10%5.44% TD 3.20%3.19% BROKER 2.85%

RATES MAY VARY BY PROVINCE. RATESUPERMAR-KET.CA FOR THE BEST RATES IN YOUR AREA.

What’s hot on the condo market?

1. Sales centre opening

Condo shoppingCheck out the Shangri La new sales centre opening at 180 University Ave., April 9 from 12-5 p.m. Call 416-599-0333 or email info@livingshangri-latoronto.com

2. Look and see

Open houseDon’t miss the condo open house at 39 Roehampton Ave., April 5 from 5-7 p.m., Call 416-925-9191

3. Saturday activity

Who doesn’t love a boutique condo?Head over to the boutique condo open house at 74 Spadina Rd., April 7 from 1-3 p.m., Call 416-534-1124

4. A condo by the water

Breathe in the Beaches, babyMake your way to a Beaches townhome open house at 16 Balmy Ave., April 7 from 2-4 p.m., Call 416-462-1888

DUNCAN MCALLISTER

Rooftop surfing

Condo renovation set to rise

I went in search of statistics this week of the number of condominium units being renovated in the city. Turns out, the renovation stats we keep are based on house-holds and a further break-down into household type doesn’t appear to exist.

I went looking for some baseline numbers because I think we’re about to see a renovation revolution as the number of condomin-ium renovations rise.

The hard numbers that I do have relate to the construction of the 1980s condominium stock, which saw some 58,000 units built in that decade, according to the Canada Mortgage and Housing Corporation.

We know that these units are starting to turn over to new owners, many of whom are updating the old floor plans to create a more open-concept space. They are also changing out finishes like countertops, cabinets, bathroom acces-sories and more to freshen up and personalize the space.

BILD recently presented its inaugural Best Condo-minium Renovation award to Carick Home Improve-ments and the project was exactly that, a complete renovation of a 1980s-built galley kitchen that is now design-magazine quality.

I was speaking to one of our Renomark™ renovators, David Males, president of Northern Edge Construc-tion, on this very topic and he had written a column for the Toronto Star about it two years ago.

He said the older stock is attractive to buyers because of location and size. But when it comes to renovat-ing, it’s not like working on a single-family home and there are some major differ-ences to consider.

To start, most condomin-ium boards have to give approval to plans before anything can change and there may also be specific rules about work times, elevator use to get waste out and new materials in, as well as parking for work vehicles.

If you live in the GTA and want to do a condo renovation, but don’t know where to start, visit renomark.ca. There you can filter a database of contractors by selecting condominium work. The companies listed are BILD members and are held to a higher standard.

You never know, your newly-renovated condo could be up for next year’s award.

PAUL GOLINI JR.Chair of the Building Industry and Land Development Association (BILD) and can be found at twitter.com/bildgta), (facebook.com/bildgta), and bildblogs.ca.

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Sixty Ways to Love this Condo Metro News

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FULL SUITE FURNITURE PACKAGE—UP TO $20,000 VALUE!*

CONVENIENT DEPOSIT STRUCTURE • $5000 UPON SIGNING • 5% – $5000 IN 30 DAYS • 5% IN 90 DAYS, 180 DAYS • 5% ON OCCUPANCY

DEVELOPMENT CHARGE CAPPED

PURCHASER INCENTIVES

*Limited time offer.*Furniture package to be provided as voucher to purchaser toward purchase of furniture at a store selected by vendor.*Portion of Furniture Voucher Package can be converted to credit on closing. 24

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CONTACT

SIXTY COLBORNE 101 KING STREET EAST TORONTO, ON M5E 1C6

sales@sixtycolborne.com

416.601.0060

Monday – Wednesday: noon to 6 PM Thursday: noon to 7 PM Friday: closed Saturday – Sunday: noon to 5PM

Saraya Cavill Sales Representative

saraya@psrbrokerage.com

647.924.9453

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