view May 10 - Jun 7, 2013 Volume 25 Issue 05
inside this issue
FIRST-TIME BUYERS MAKING WISE CHOICES
001-NH EDM Cover_05-10-13_FIN.indd 1
on any device NewHomeGuide.ca
Your Best Source for New Homes
WHAT PRICE CAN YOU AFFORD?
VALUABLE TIPS FOR FIRST-TIME BUYERS
5/3/13 3:43:55 PM
• • •
Choose your lot. Choose your builder. The choice is yours.
Buy direct from the developer www.vipdevelopmentgroup.com
Call 780-424-1600 Building Communities for your lifestyle
5% DISCOUNT on all Lots Limited Time Offer
Sa sk at ch ew an Ri ve
Hwy. 14 Highway 37
All Lots Reduced and Selling Fast. Call Now for Best Selection.
Lots backing onto man made lake and green belt, fully serviced lots, lot sizes from half acre and up, architectural controls, 100’ - 200’ frontages, all walk-out lots.
Whitemud 45 Ave. Fwy.
Pre Selling Stage 2
Sherwood Pk. Fwy. Wye Rd.
New Golf Course Community, one third acre & up lots, walk-out lots & lots backing onto golf course, fully serviced, close to all amenities, architectural controls, new & improved clubhouse & golf course.
002-VIP 04-12-13.indd 2
Showhome Now Open
Riverpointe at Windermere 16 Ave.
Now Open Contact Dawn Loomis On Site Sales Office Mon, Wed, Thurs 1:30-4:30 780-929-6465 Direct Sat & Sun 1:00- 4:30
Estate Homesites nestled between the North Saskatchewan River and the beautiful wooded Windermere Ravine. Stunning Views, Large walkout Lots with 50’ to 86’ frontage able to accommodate large custom homes.
City of St. Albert
167 A ve.
5/3/13 11:27:53 AM
MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 05
montorio.ca 9’ CEILINGS INCLUDED
EXCEPTIONAL STAIN SELECTION ON HIGH QUALITY CABINETS INCLUDED
FULL HEIGHT TILE BACKSPLASH INCLUDED
MOEN ARBOUR FAUCET INCLUDED
GRANITE COUNTERTOPS INCLUDED
TILED FLOORS INCLUDED
Where Customization is a Good Word VISIT ONE OF OUR CUSTOM SHOW ROOMS UPPER WINDERMERE 2110 Warry Way | SW Edmonton 780.430.0644 TRUMPETER AT BIG LAKE 2112 Trumpeter Way | NW Edmonton (CLASSIC) 780.249.9110 COLONIALE ESTATES 53 Rue Bouchard | Beaumont 780.929.0495 TRUMPETER AT BIG LAKE 12832 - 202 Street | NW Edmonton (ESTATE) 780.249.7643 HARVEST RIDGE 196 Harvest Ridge Drive | Spruce Grove 780.571.1881 HAWK’S RIDGE 504 Merlin Landing | NW Edmonton 587.521.0617 WALKER SUMMIT DUPLEX 1065 Watt Promenade | SE Edmonton 780.476.7070 WALKER SUMMIT/5720-19Ave SW | SE Edmonton 587.520.9249 WOODHAVEN 5408 Edworthy Way | SW Edmonton 780.476.7070 OPENING IN 2013
contents MAy 10 - Jun 7, 2013
voLuMe 25 issue 05
p. 63 ROYAL OAKS The Jewel of Greater Edmonton
features & editorials IN EVERY ISSUE
10 editor’s note
98 Quick tips
A dose of reality
by Hellen Buttigieg
42 Money MAtters
63 coMMunity profiLe
Money mistakes couples make by Gail Vaz-Oxlade
62 hoMebuyers’ heLp
Creating the perfect outdoor living space
by Shane’s Landscaping and Contracting
70 chbA - ALbertA
Valuable tips for first-time homebuyers by Jim Rivait
74 fundAMentALLy speAking
What type of home should you buy? by Wayne Karl
Royal Oaks – the Jewel of Greater Edmonton
IN THE NEWS
First-time homebuyers preparing more, saving longer: BMO
32 connect hoMes
Connect Homes in Laurel Crossing by Salina Yara Halabi
86 WhAt type of hoMe?
118 designer tips
54 MortgAge rAtes
Finding your new home begins with knowing what you can afford Heat up your kitchen with colour by Lisa Canning
130 Web directory
Edmonton area builders, developers and communities
136 neW-hoMebuyers’ resource section Mortgage calculator and rate table
First-time homebuyers showing their rational side Bank of Canada continues to hold interest rates
cover feature advertiser
see OUR AD ON PAGES 14 & 15
vice-president, WALL2WALL MEDIA
director of sales, western canada
editor-in-chief, real estate
Susan Legge art director
Daiana Garay editor
Wayne Karl contributing editors
Sara Duck Elisa Krovblit Lydia McNutt (on leave)
Jennifer Mizier 780.217.6778 Nancy Chemait 780.619.3241
Greg Van Sluytman Graphic designer
Manager of production
Bala Gnanapandithan national account manager, mediative
Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.
district maps 012 Edmonton Region 037 Southwest 051 South 067 beaumont 071 leduc 075 Southeast 081 sherwood park 083 Fort Saskatchewan 087 northeast
093 St. Albert 099 Northwest 111 West 121 spruce grove 127 Stony Plain
The Edmonton New Home Guide is a free publication with distribution every four weeks. Submit articles or advertising to PO Box 458. Station Main, Edmonton, Alberta T5J 2K1
Copyright 2013 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 足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 Susan.Legge@wall2wallmedia.com.
e d i t o r ’s n o t e
The big decision
A little extra research pays oﬀ with peace of mind
ou’ve agreed that a new home is the way to go and you’re making headway, but you still have another big decision to make – choosing your home builder. It pays to check the reputation of the builder/developer before you sign on the dotted line. You can start by finding out how long the company has been in business by asking the sales representative or visiting the company’s website. Find out if previous purchasers are happy with their homes. Drive around an existing community built by the company and talk to anyone you run into anyone during your tour. Naturally, you should spend some time visiting several different sales offices and model homes. Get a feel for each company and the staff employed there. Ask a lot of questions and expect to be treated with consideration and respect. No question is too “dumb.” Think twice about any development where the salespeople push you to make a decision you’re not ready for, or where they are not happy to provide you with the information you request. There are certainly many other builders and salespeople out there who pride themselves on putting the customer first. When you do find the right home and the right company, making that big decision will be a whole lot easier and enjoyable.
Susan Legge EDITOR-IN-CHIEF Wall2Wall Media,Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge
This adage is never more true than when buying your ﬁrst home
he moment you decide to buy your first home is an important one – from getting your finances in order, to learning about mortgages, to researching builders and to getting out there to look at potential communities. Indeed, the excitement grows at every step. Buying your first home can also be an emotional experience. There will be houses you fall in love with, communities you really want to live in and neighbours you can envision befriending. As exciting as all of this is, it’s also important to not let your emotions get carried away – to buy more with your heart than your head. This is why you should take your time, do your research and conduct due diligence on every development, builder and home you consider. This issue of New Home Guide, like all editions we put together, contains a variety of content to guide you through this process. Our goal is to help identify subjects, neighbourhoods, communities, housing types and builders for you to consider – in short, to help you prepare. With this knowledge, and your own enthusiasm, you’re well on your way!
Wayne Karl EDITOR Wall2Wall Media, email@example.com Follow me on Twitter at Twitter.com/WayneKarl
10 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
Hawks Ridge Front Garage Homes from $408,032* 508 Merlin Landing Bev Luipasco 587 521.0506
McConachie Laned Homes from $316,465* 1148 McConachie Blvd Landon Carlson 587 521.4630
Front Garage Homes from $429,075* 5916 175th Ave NW Emma Wellman 587 521.4033
Walker Summit Carriage Homes from $299,290* 1059 Watt Promenade Evelyn Engel 587 521.4201
Front Garage Homes from $ 421,509* 5712 19th Ave Lucy Duggins 587 521.4424
RAY GIBBON DR.
M AR K
SIE R TR A IL
RT BE AL
MERIDIAN STREET (0 St.)
Lessard Road DR.
James Mowatt Trail
Cameron Heights Drive
EDMONTON & REGION Check Each Area District Map For More Information
Custom Home Building with exceptional quality and service since 1984. We transform your ideas into a home designed to fit your familyâ€™s needs and budget. Whether on your own lot, acreage, in-fill lot, or one of our available lots, experience the difference a small volume builder can make in constructing your dream home! Visit our new showhome at 3 Eastview Street North in The Elements of Erin Ridge
12 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
Call (780)718-1338 or (780)484-8754 www.gannethomes.com
WE CALL IT STANDARD...
...others call it an upgrade Solid granite countertops in kitchen - 30 standard choices 40” high upper kitchen cabinets - 100 standard choices Premium stainless steel appliances Hardwood flooring on main level - 50 standard choices Matching hardwood heat registers on main level Ceramic tile in entries and bathrooms - 200 standard choices Swing doors instead of bi-fold Carpet with 10 lb underlay – 100 standard choices Basement ceiling – 9 ft standard height Keyless entry to garage
to learn more visit a showhome today Aurora 3106 Windspear Crescent SW tel: 780-469-7039
Emerald Hills 7704 Ellesmere Lane, Sherwood Park tel: 780-570-5905
Langdale 1819 Washburn Drive SW tel: 780-756-6753
Laurel 3334 - 21A Avenue NW tel: 780-757-5500
Newcastle 12420 - 171 Avenue NW tel: 780-756-7505
Maple Crest 729 - 37A Avenue SE tel: 780-756-1190
Westerra 1347 Westerra Drive, Stony Plain tel: 780-963-3822
Woodhaven 5414 Edworthy Way tel: 587-523-6999
Griesbach 2515 Pegasus Boulevard NW tel: 780-456-1883
www.coventry-homes.com MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 13
Your History is in the Making with Alldritt Homes
WHEN IT COMES TO KNOWING WHAT EDMONTONIANS WANT IN A COMMUNITY AND A HOME, Alldritt Homes is second-to-none, thanks to their 70-year history in the Greater Edmonton Area. Started in 1943, Alldritt Homes has built—and is still building—thousands of dwellings in the Edmonton area, which is a testament to their commitment to craftsmanship and building for long-term living comfort. And because of their pledge to be the most respected customer-oriented leader in the home building industry in Canada, they strive to use innovative designs and quality products for each and every customer, no matter the budget. Alldritt Homes is a widely recognized and multi-awardwinning company. Its Nottingham duplex model was recently recognized as the winner of the “Multi-Family Townhouse / Duplex under $275,000” category and their Monarch model was a Finalist in two categories, “Best Single Family $300,000$325,000” and “Best Single Family $325,000-$350,000” in Edmonton’s 2013 CHBA Awards of Excellence in Housing.
Stan Alldritt Sr., the cunning founder of Alldritt Homes, started the company during World War II. At government salvage auctions, Stan Sr. purchased the wooden crates used to ship aircraft parts, and stockpiled the wood and straightened the nails. He later used the materials to build his first homes in the 124 Street area, homes in which his family lived. Now, with Stan Jr. at the helm, Alldritt Homes has grown significantly since its humble beginnings, but while the Alldritt Group of Companies has interests throughout Canada, their pride, joy—and heart—is always in Edmonton. Alldritt Homes is currently building in the communities of Creekwood Chappelle —one of the city’s newest southwest communities—and Granville—a Craftsmaninspired community in West Edmonton.
Creekwood Chappelle is located by Whitemud Creek, and features lush wetlands, expansive green spaces and extensive walkways throughout the community. The neighbourhood has been designed in harmony with its naturerich surroundings, and its tree-lined streets and weaving walkways are all connected to the community’s expansive park spaces.
(think jungle gym in a bus) will be at the show home on the 26th. A mortgage specialist will also be on site during the two-day grand opening for quick pre-approvals. To join the festivities, head down to the community located at Heritage Valley Trail and 41 Avenue. Just follow the signs to the show home (3698 Claxton Place) or call 780-486-HOME (4663) ext. 3.
Residents of Creekwood Chappelle can enjoy tranquil surroundings while still being in close proximity to so many amenities including William Lutsky YMCA, groceries stores, two golf courses (Jagare Ridge and River Ridge) and a plethora of shops and services at the Currents of Windermere. Creekwood Chappelle also has an express bus service to the Century Park LRT station.
As aforementioned, Granville is a Craftsmaninspired community, nestled on 305 acres in West Edmonton. It features plenty of green spaces and trails, two ponds, a school site and convenient proximity to the Whitemud and Anthony Henday.
On May 25 and 26, Alldritt Homes is opening its Creekwood Chappelle show home, the stunning and modern 2,244 sq. ft Newcastle two-storey house. During the grand opening, Alldritt Homes is excited to offer the first six buyers a turn-key upgrade package including full landscaping, a rear deck, upgraded stainless steel appliances, front load washer and dryer and a window blinds package, a package valued up to $20,000. Food and refreshments will also be on site for the weekend, while the Adventure Bus for the kids
Thanks to the community’s location, residents of Granville also have access to amenities galore. There are two shopping malls within one kilometre of the community, and two golf courses just five minutes away. The new West Edmonton Costco is just down the road, and residents also have easy access to the Jamie Platz YMCA, West Edmonton Mall, Hampton Market and all the professional services one could need.
family show home, head down to 3612 Goodridge Crescent (just off Guardian Road and Whitemud Drive). For a look at one of their award-winning duplexes, swing by 3945 Gallinger Loop NW (drive to the community and follow signs to the Show Home). Not sure where to go? Simply call 780-486-HOME (4663) for directions. Hours for all Alldritt Homes’ show homes are Monday to Thursday 3–8pm and weekends and holidays 12–5pm. (Show homes are closed on Fridays.) You can also email firstname.lastname@example.org for more information about Creekwood Chappelle and email@example.com and granvilleduplexes@alldrittgroup. com for information about Granville.
Alldritt Homes offers both single-family homes and duplexes (rear-detached and front-attached garages) in Granville. To visit Granville’s single-
Through my education and professional experience, I can compose a space that feels balanced, intriguing and effortless. To help you become confident in your interior designs, here are my top 10 tips to make your room,
picture perfect Written by: C. Marie Hebson
1 Create Drama. Painting/wallpapering the back of your bookcases to help make objects “pop.” Use a color that compliments or inject a new colour to create flow from room to room. Thoughtfully mix your metals, I’m showing a lot of gold – burnished brass here which is making a huge come back! 2 Create a focal point. Be it a bookcase, backsplash, fireplace, rug, painting, etc… its important to know what your focal point is so you can appoint it properly. 3 Accessories – think big. Place one large painting, floor lamp, or area rug in a room, rather than dozens of little things. Less clutter helps make rooms seem larger, more opulent. If you must display smaller trinkets – group them purposefully. 4 Neutral background. Keep your permanent fixtures neutral like tiles, floors, millwork etc. I mean neutral not boring – this enables you to change out your accessories easily and frequently. As your tastes change, so can your accessories. 18
5 Area Rugs. Rule of thumb is an area rug should leave a border of at least 18” around the perimeter of the room or area you are covering. Too small of an area rug causes you to think the room is small - an impression that is hard to erase. 6 Artwork-how high is too high. Hang art so that it relates to what it is hanging next to, or over, rather than following a rule. When in doubt, have the tallest person in your home give you their central view, at their eye level. Consider hanging art in unexpected places like in front of a window or off of a bookcase. 7 Antique Accessories. Antiques keep your home from looking too contrived, too “show home“.
I recycle old cherished items, and incorporate family heirlooms as much as possible. The end result is always warmer, more interesting and thoughtful. 8 Drapery & Drapery Panels. Drapery panels add that final touch to your space, and help soften the edges. Drapery is often overlooked – but is well worth the cost for the perfect finishing touch. It’s best if you can save up for custom drapery, but if you need affordable readymades, Urban Barn, Chintz&Co., Pier-1 and Ikea have some great choices. 9 Texture. When texture is incorporated properly, the result is the ultimate in sophistication. A keen eye is required, but try
these - play cotton velvets against silk, burlap against linen, crystal bowl on top of a rough wood box, or barn board against sleek gold. Be careful, texture lends itself to styles/trends, proportions, patterns etc. You need to know the rules before you can break them. – especially when your incorporating texture. 10 Push your comfort level. Think outside the box. Use items that wouldn’t normally be considered. Hang wallpaper, prime and paint old furniture pieces, add new hardware to old furniture pieces. You are only limited by your imagination –– have fun with it!
Photos compiled are from websites that Marie shops at, various items chosen are befitting the mood and depict best choices for this article. Should you want information on any of these products, please contact interiorsBYDESIGNinc.
NEST IN THE WEST… Duplexes, Rear Detached, and Front Attached Garage Homes…
Glenridding Located south east of Ellerslie Road and 170 Street, Glenridding is the community you can get back to nature in. Adjacent to the Whitemud Creek Ravine with plans for large parks as well as an extensive internal walking trail network, it’s the perfect location for outdoor enthusiasts. Close proximity to major roadways, shopping and amenities provides you and your family with all you need to build your nest.
ReAR DeTAcheD GARAGe ShOWhOme: 2016 Glenridding Gate | Call Rachael: 780-437-1664
FRONT ATTAcheD GARAGe ShOWhOme: 15871 10 Avenue SW | Call Diana: 780-702-8374
NATIONAL AWARD WINNeR eNvIRONmeNTAL exceLLeNce
A 10 Ave SW
Ellerslie Rd SW
156 St SW
11 A ve S
DupLex ShOWhOme: 16006 10 Avenue SW | Call Stephanie: 780-702-7278
160 St SW
…OR SETTLE IN THE EAST …in two Beautiful Edmonton Communities.
Maple Crest With over 60 acres of green space and parks, Maple Crest blends the conveniences of urban living with recreation right outside your door. Perched on a natural ridge with stunning downtown views, this southeast sanctuary is the perfect community for families. Schools, shopping, restaurants, and the new Meadows Community and Recreation Centre (late 2013) make it easy to settle into Maple Crest.
FRONT ATTAcheD GARAGe ShOWhOme: 737 37A Avenue Call Darren: 780-702-8331
Maple Rd NW
ReAR DeTAcheD GARAGe & DupLex ShOWhOme: 805 - 37 A Avenue Call Gareth: 780-440-4932
12 St NW
N Ave 37b
N ve aA
22 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 23
Keeping the magic in the
New Build process
by Brian Finley
Keeping the magic in while taKing the
mystery out is what The Home Program New Build education sessions are designed to do. Even if you have purchased a home previously, the process of buying a (resale) home versus what is involved in building a new home is substantially different. A little education can go a long way to helping you make smart decisions that can save you substantial dollars, make the entire process a little (or a lot!) less stressful, and give you tools to make smart decisions from start to finish. That is precisely why The Home Program is now providing special education sessions that explain the entire process and then let participants ask the questions they need answered. The sessions are held in various builders showhomes, last approximately 90 minutes and are done in an informal - question and answer format. A mortgage and real estate professional sit and talk with the new-home sales representative to help participants understand the process involved; the best way to approach a new build purchase; and costs and considerations. At each stage of the process, participants are encouraged to join in and ask their own questions.
The sessions include information on financing a new build; builder selection; initial and final pricing; contracts and deposits; selecting the various components in your new home; construction stages and timing; warranties and walkthroughs; and supports and responsibilities available after you have taken ownership. The sessions currently run from 3:30 to 5 p.m. on Saturdays. The sessions ran successfully in February and will be running again in April. For more information or to register visit www.thehomeprogram.ca or call 780.504.6161
The Home Program began as a pilot project in December 2001 to meet the need in Edmonton to assist low and moderate income families in becoming homeowners. Since then it has expanded to include education, counseling and advocacy, referrals to service providers, a Down Payment Assistance Program, and ongoing contact before and after the purchase of a home. The program is now accessed by all income levels and custom education sessions have been developed to include education around such areas as building a new home, and understanding the ins-and-outs of condominium ownership. The Home Program has provided homeownership education to more than 3,700 families and continues to work with those individuals including the more than 1,000 who have now become homeowners. The program is currently available in all major population centres in Alberta, including Edmonton, Calgary, Lethbridge, and Fort McMurray. A large volunteer base of local service providers coupled with financial contributions from participating Realtors has enabled the program to provide more than $1 million in financial assistance to program graduates. The Home Program is offered and operated as part of Capital Region Housing Foundation, Edmonton, and is partnered with local and national non-profits and service providers, including the Alberta Real Estate Association, the Alberta Real Estate Foundation, and Canada Mortgage and Housing Corp. (CMHC). The program was recognized with the first Edmonton Housing Trust Fundâ€™s ROOPH Award for Outstanding Partnerships. Brian Finley serves as the programâ€™s provincial program coordinator. 26 New home Guide | may apr 12 10 - may jun 10, 7, 2013 2013
at Waters Edge W
hether you’re looking for a weekend retreat or permanent residence, The Estates at Waters Edge, located 45 minutes west of Edmonton at Lac St. Anne, is a Lake Front community of single-family homes. This secure, gated development is situated on a half-mile of south-facing lakeshore. Summer includes boating, water sports, fishing, walking and biking along the numerous pathways, enjoying barbecues on the deck and watching a beachfront sunset, or visiting one of the various golf courses in proximity. On-site a private boat launch and maintained marina is included for your carefree boating enjoyment. For social gatherings, a clubhouse, including a kitchen, dining area and games room, can accommodate small groups and large, community events. The clubhouse is great for getting everyone together for a private function or community social gatherings. Residents can also enjoy the beachfront recreation area, children’s playground, on-site walking/cross-country ski trails and future development includes a fitness centre, hot tub and outdoor swimming pool to complement existing amenities. The project’s popularity to date has been attributed to the overall hassle free concept of the Waters Edge experience. Prospective buyers can choose their select lot; as well select their choice and size of Craftsman style residence. Floorplans range from two to four bedrooms and 1,150 to 2,500+ sq. ft. constructed on a crawl space, full basement or walk-out basement, or custom design your home with our design team. All are finished in the Craftsman style in your choice of colours, which feature fully landscaped yards, paved driveway, parking pad, exposed aggregate sidewalks. Attached and detached garages and additional storage in the secure storage yard on-site for your recreational toys are also available on-site. Additionally, residences come complete with a 10-year Progressive Home Warranty to ensure home construction quality. Homes are designed so that the living areas take full advantage of the great lake views. Plans are customizable to make the layout and room sizes suit each individuals needs. All designs are done in-house by the Waters Edge Architecture lead design team, so the turnaround time for consultation and final design plans is very fast. Most home builders charge a fee with any changes to their plans, while this is part of a service that is provided to an owner who chooses to build with Waters Edge. Owners can also choose to buy the lot and bring their own builder. The proposed design just has to fit within The Estates at Waters Edge architectural and landscaping guidelines. Upgrades are also available to the homes, including granite countertops, gas fireplace, central vac system a detached or attached garage, as well as numerous other options. The interiors of these homes come in a variety different high-quality finishing packages, with energy-efficient designs and six low-energy appliances. R-20 insulation is used in the walls and R-40 in the ceilings. Use of high efficiency furnaces provides that the homes are built to high efficiency standards and save on utilities. 28 New home Guide | may 10 - jun 7, 2013
A monthly maintenance fee ensures maintenance of all the common areas (such as clubhouse, marina, playground, beachfront recreation area and boat launch). The fees also include water, sewage and a full-time on-site manager. There are lawncare and winter snow shoveling services also available. The area surrounding Waters Edge offers a healthy list of amenities. A convenience store and gas station are a few blocks away. Onoway and Alberta Beach offer retail services including grocery and liquor stores, restaurants, gas station, public library, hair salon, dollar store, hotel and golf course. Schools are nearby and the Barrhead and Stony Plain hospitals are only 25 to 30 minutes away. The proximity to Edmonton is a major selling point for The Estates at Waters Edge. A short drive can get you to your lakefront home in no time. Many of the purchasers, however, are not from the Edmonton area. Residents include people from Peace River, Fort McMurray, Whitecourt and Calgary. They have found The Estates at Waters Edge to be the best value and location for Lake Front and Lake View property in Northern Alberta. Lot prices start in the low $100’s, and twobedroom residences with a completely landscaped lot start in the low $300’s! Onsite showhomes are available for immediate possession. Call Mike at 780-405-6378 or 1-877-405-1105 or visit watersedgeestates.ca
First-time buyers expect to spend
$300,000, with average down payment of $48,000: BMO Home Buying Report ACCORDING TO THE BMO FIRST-TIME
Home Buyer’s Report, the average amount Canadians planning to buy their first home in the next five years plan to spend is approximately $300,000, with an average down payment amount of $48,000 (16 per cent). The report also revealed: › On average, ﬁrst-time homebuyers expect to be mortgage free in 20 years, with 20 per cent estimating it will take between 10 and 19 years › Those planning to enter the real estate market for
the ﬁrst time are twice as likely to choose a ﬁxed rate over a variable rate mortgage (46 per cent versus 20 per cent) › Furthermore, ﬁrst-timers who expect interest rates to stay the same or decrease over the next ﬁve years, still prefer ﬁxed rate over variable rate mortgages (39 per cent versus 23 per cent)
“Buying a home is one of the most important financial decisions one can make,” says Laura Parsons, mortgage expert, BMO Bank of Montreal. “It’s crucial that those planning to enter the market are well prepared – not only to
It’s time to switch things up.
The Best Mortgage Rate Guarantee applies to ATB Rate First and Extreme 5-year closed fixed-rate mortgages only; versus published and advertised rates for 5-year closed fixed-rate mortgages by Canada’s big five national banks. Some conditions apply. On approved credit. Offer applies to new residential mortgages and ATB residential mortgages eligible for renewal during offer period. Offer subject to change at any time. One offer per household. ™ Trademarks of Alberta Treasury Branches.
1 30 NEWSpringCreditHorzAd-14.375x4.628-EdmNewCondoGuide-switch.indd HOME GUIDE | MAY 10 - JUN 7, 2013
Average Spend on First Home $300,000
AVERAGE HOUSE PRICE BY PROVINCE NS $211,772
manage their costs, but also to pay off their mortgage as soon as possible. Determining what your mortgage payments and overall costs of home ownership will look like, and then living in that financial reality for a year before entering the market, can be an effective strategy.” Parsons adds that it is encouraging to see that buyers say they are in a position to pay down their mortgage in 20 years or fewer. “Homebuyers can shorten that timeline further by choosing a shorter amortization and taking advantage of accelerated payment options.” According to the report, two-thirds of first-time buyers (66 per cent) say the latest changes to mortgage regulations – which included reducing the maximum amortization for government-insured mortgages to 25 years from
30 years – have not affected their buying timeline, while one-infive (19 per cent) say they will have to wait longer before buying as a result. “A shorter amortization is the most responsible approach to home financing; it’s something BMO has been encouraging their customers to consider for years, as it means becoming debt-free sooner,” says Parsons. Additional ﬁndings include: › Six-in-10 (63 per cent) ﬁrst-time buyers have made cutbacks to their lifestyle to save for their ﬁrst home, with just one-in-four (27 per cent) expecting their parents or other family members to help them pay for their ﬁrst home › The majority (59 per cent) of ﬁrst-time buyers have had to hold oﬀ buying their ﬁrst home because of increasing housing prices › The same number (59 per cent) wish they had bought their ﬁrst home ﬁve years ago.
The BEST mortgage rate
Every dollar you save on your mortgage puts more money in your pocket. With the guaranteed BEST mortgage rate, you can make the switch to a mortgage that will give you financial room to move. Stop by your local ATB branch or visit atb.com/MortgageSpecialist-Edm
13-04-15 2:14 PM MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 31
Connect Homes in Laurel Crossing by Salina Yara Halabi
On April 12, Connect Homes celebrated the
Grand Opening of its new showhomes in Laurel Crossing. Vice-president, Dave Armstrong, welcomed guests to tour the innovative duplex style homes which were on full display. This new Edmonton home builder takes a unique approach to the home building process, providing consumers with fast-tracked home possessions. Homebuyers are able to move in to their new home within 90 to 120 days â€“ several months earlier when compared to typical new home building timelines! Connect Homes differentiates itself from other builders by its prebuilding system which takes place in a manufacturing facility. The pre-built components are transported to the home lot and then assembled on-site, allowing for the significantly reduced construction phase. Offering multiple expertly designed floorplans to choose from, homeowners are able to personalize their home to fit their personal lifestyle. With prices starting in the low $300,000s, Connect Homes answers the need for first-time homebuyers who are looking for a high quality customized home in a short time frame. 32 New home Guide | may 10 - jun 7, 2013
Located at 3120 and 3124 -17th Ave., the showhomes are nestled within a community that is surrounded by many amenities. Laurel Crossing is conveniently situated just a few minutes away from Millwoods Town Centre which is filled with shopping options. Plus, residents will find themselves near to the Meadows Community Recreation Centre. Set to open in 2014, this indoor and outdoor recreational facility will feature an array of activities for families to enjoy. Laurel Crossing also offers easy access to transit and is just moments away from access to the Anthony Henday, ensuring that city commutes will be hassle free. This premiere Qualico Community features welcoming greenspaces, walking paths and a scenic lake. Perfect for young families, Laurel Crossing is a charming neighbourhood that provides consumers multiple home options to choose from. Connect Homes is currently offering duplex and single style family homes, with plans to increase their home options in the future. To learn more about Connect Homes in Laurel Crossing please visit connecthomes.ca
Elevated & Accelerated A Qualico Company
VISIT OUR NEW SHOWHOMES IN LAUREL CROSSING 3120 & 3124 - 17 Avenue, Edmonton T6T 0P7
SCAN AND LIKE OUR FACEBOOK PAGE for your chance to win a nest thermostat
$250-$500 SEARS Gift Cards 50â€? LED TV FREE Upgrades & More! FREE Double Car Garage Promo See show home for details
IN THE MARKET FOR A
OR A CONDO?
We think ﬁnding a home is a lot more than simply ﬁnding the right property. That’s why we put you right in the middle of the search process.
Search your favorite neighbourhood
Find out about nearby services and amenities
View new construction projects and register to get the latest info
Visit the new real estate section on canpages.ca and start looking for that special place.
34 New home Guide | may 10 - jun 7, 2013
13-02-26 4:50 PM
marke t mar t s with
I was very interested to see the Bank Of Montreal Psychology Of House Hunting Report on May 2 as it reveals many “important purchase behaviours” that drive our housing markets. The report noted Canadian home buyers spent an average of five months house hunting and during that time visited an average of 10 homes. The survey includes both used home and new home shoppers. These numbers correlate closely with CSG’s own market intelligence for the new home market that people shop four to five months and visit 12 show homes before finally selecting a builder and model. It’s reasonable to think Alberta’s performance would be faster than national results due to the robust economy.
44% purchased a home because they thought it was a good investment and 37% because they felt it “was a good time to get into the market”. Surprisingly, 80% of respondents stated they knew the home was right for them as soon as they stepped inside it. Wow, that says something about either previewing homes online or how important first impressions are if you are selling a property. Less positive was 33% of experienced home buyers and 39% of first time buyers stated they felt rushed to make a purchase which lead to “buyers remorse”.The greatest fears people had were 71% thought there would be something wrong with their home after purchasing it (a good reason to buy new) and 55% were worried prices would fall. What really stood out to me in the survey was the transformational shift in motivation to purchase a home. 44% purchased a home because they thought it was a good investment and 37% because they felt it “was a good time to get into the market”. Both motivations emanate from economic considerations and maybe that’s why there’s so much angst before, during and after the purchase. While certainly a home must be viewed as a core financial asset for any purchaser, that consideration must be balanced against what a home, any home, delivers to a person’s quality of life and happiness. I have viewed with great dismay our Federal
Survey Says “You’re Stressed”
Government and Bank Of Canada’s constant harping about people buying homes as if they were wild eyed real estate speculators hell bent on creating an “asset bubble”. Of course the rhetoric makes for good publicity and talking heads can point at the US housing melt down as sure fire proof it could happen here. Basically this is fear mongering of the lowest ilk. This sort of round the clock publicity and its framing of a home purchase as the equivalent of buying a “penny stock” has obviously skewed people’s motivation more to financial outcomes and thus the appropriate stress that comes from investing for profit. What’s not given “proper” weighting in the coverage is the far more positive outcomes of home ownership. The independence people feel owning a home, their connection to community and pride of ownership are some of the most progressive social drivers in society. Home ownership stabilizes the future, creates a sense of predictability and comfort for growing families, fosters opportunity and improves personal situations. It nurtures confidence and creates pride in our communities, cities and country. Most importantly, if you’re purchasing a home to live in and hold for an average length of time it’s still the best financial investment you can make. So, if you’re deciding whether it’s time to buy a new home make sure you consider its positive lifestyle benefits to the same degree as financial issues. Though there are financial consequences those can be managed and mitigated through prudent consumer research, honestly reviewing your situation and taking your time in making the purchase.
Follow CSG on Facebook or Twitter for regular real estate opportunities and updates. All of Jim’s columns are posted on CSG’s blog at www.csg.ca.
Jim Malner is President of Consumer Strategies Group (CSG), Alberta’s longest serving, professional, real estate marketing consultancy with offices in Edmonton, Calgary and Vancouver.
MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 35
EDMONTON’S MOST COMPREHENSIVE “BUILDER AND DEVELOPER GUIDE” GET TO KNOW EDMONTON’S DEVELOPERS AND BUILDERS ONE STORY AT A TIME
On Stands Watch for Now! it!
October 2012 • Large Format
2013 BUILDER & DEVELOPER
Edmonton’s Builders, Developers and Communities– One Story at a Time
• Industry Insights by Home Building Leaders • Detailed Home Builder Stories • Mortgage and Legal Advice
Finding the RIGHT COMMUNITY for your new home or condo is easier than ever.
Presented by the publishers of
Pick up your copy of our editorial-based builder and developer proﬁle magazine FREE AT OVER 700 LOCATIONS with the New Home Guide and New Condo Guide. Brought to you by the Publishers of
42 New home Guide | may 38 50 72 56 36 oct 15 nov dec feb MAR apr 12 10 21, 26 15 23 ---2012 mar may jun APR nov dec 10, 15, 7, -12, 21, 23, jan 2013 2013 2012 18, 2013
JAN JAN18 18- -Feb Feb15, 15,2013 2013||New Newhome homeGuide Guide07 07
DEVELOPER: VIP Development Group. BUILDERS: Open LOCATION: North of 9th Ave. and 170 St.
8 windermere ridge
DEVELOPER: Beaverbrook Developments. BUILDERS:Cami Custom Homes, Marco Antonio Homes, Open LOCATION: Windermere Blvd., West of 170 St.
9 LARCH PARK
DEVELOPER: Melcor Developments BUILDERS: Ace Lange Homes, Birkholz Homes, Carriage Signature Homes, Landmark Classic Homes, Habitat Studio, Perry Signature Homes Inc. LOCATION: next to Whitemud Creek Ravine
10 CREEKWOOD CHAPPELLE
1 AMBLESIDE IN WINDERMERE
DEVELOPER: Windermere Lands Ltd., Windermere Ambleside Ltd. BUILDERS: Marcson Homes, Bedrock Homes, Kimberley Homes, Homes by Avi, Kanvi Homes LOCATION: Terwillegar Drive and Anthony Henday Drive
2 langdale in windermere
DEVELOPER: Qualico Communities BUILDERS: Coventry Homes, MacLachlan & Mitchell Homes, Pacesetter Homes, Sterling Homes, Sterling Squared, Rohit Communities LOCATION: 170 St & 7th Ave. S.W.
Developer: UnitedCommunities Builders: RSL - Homesby Avi, Pacesetter, Parkwood Homes, Landmark Homes. RPL - Pacesetter, Landmark Legacy Homes, Rohit Communities. Duplex Homes (front attached Garages) - Parkwood Homes, Landmark Legacy. Duplex Homes (rear attached garages) - Homes by Avi, Rohit Communities. LOCATION: 156 Street & Ellerslie Road
4 the uplands of mactaggart
DEVELOPER: Maclab Enterprises BUILDERS: Birkholz Homes, Fekete Homes, Homes by Avi, Classic Landmarks Master Builder LOCATION: On East side of 142 St., South of 23 Ave.
5 UPPER WINDERMERE
DEVELOPER: Beaverbrook Developments BUILDERS: Ace Lange Homes, Homes by Managen, Montorio Homes, Dolce Vita Homes, Artisan Homes, Carriage Signature Homes, Sunny Valley Homes, Westbrook Homes, MacLachlan & Mitchell Homes, Open LOCATION: Windermere Blvd. West of 170 St.
6 keswick on the river
DEVELOPER: MLC Group BUILDERS: Cameron Homes, Rohit Communities, Hillview Master Builder, Kimberley Homes, Landmark Homes, Parkwood Master Builder, Aacropolis Homes, Ace Lange Homes, Carriage Signature Homes, Perry Signature Homes LOCATION: West of 180th Street and South of Ellerslie Road (9th Ave)
DEVELOPER: Delcon Creekwood BUILDERS: Alldritt Homes, Artisan Homes, Marcson Homes, Bedrock Homes, Homes by Avi, Kimberley Homes, Landmark Homes, Landmark Communities, ReidBuilt Homes, Landmark Legacy Homes, Rohit Communities LOCATION: South of Ellerslie Road & West of 141 Street
7 riverpointe at windermere
11 WINDERMERE SOUTH
DEVELOPER: Windermere Lands Ltd. BUILDERS: Dolce Vita Homes, Bedrock Homes, Thomsen Built, Kimberley Homes, Daytona Homes Master Builder LOCATION: 170th Street & Ellerslie Road
12 Chappelle Gardens
Developer: Brookfield Residential Builders: Lincolnberg Master Builder, Daytona Homes Master Builder, Look Homes Master Builder, Homes By Avi, Maple Isle Homes, Brookfield Homes Location: South of Ellerslie Road & West of 141 Street.
13 ONE AT WINDERMERE
DEVELOPER: Beaverbrook Developments Builders: Bedrock Homes, Dolce Vita Homes, Western Living Homes Location: Winderemere Blvd. West of 170 Street
38 New home Guide | may 10 - jun 7, 2013
Saturday May 25, 2013 Receive a free ladybug kite and watch amazing kite-flying demonstrations in Creekwood! Enjoy free food and beverages and tons of entertainment.
Grand Opening of our two new showhomes: Alldritt and Thomsen Built! Te
Keep checking our website before the event for the latest details.
Rabbit Hill Rd.
Flight of the Ladybugs
28 Ave Creekwood
Keep in touch with Creekwood
Introducing the Urban Series by Kanvi Homes. This new series offers all the modern hallmarks of Kanvi, but at a price-point accessible for the first or second-time home buyers.
WS LARGE WINDO Ambleside Showhome 3691 Allan Drive SW Area Manager: Betty Semeniuk Phone: 780 862 9012 Email: firstname.lastname@example.org
Showhome hours Monday - Thursday: 2 - 8pm Friday: Closed Saturday, Sunday, Holidays: Noon - 5pm
*Price includes lot, home & GST. Price subject to change without notice.
40 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
Kanvi Homes is not your average home builder. We bring together the benefits of new home construction with modern and contemporary design that complement the family lifestyle. We pay attention to the smallest details in your home, from our innovative design concepts through to completion with high quality craftsmanship.
MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 41
Money mistakes couples make by gail vaz-oxlade Sometimes,
relating can really muck up the money. Whether you’re planning a walk down the aisle or you’ve already been hitched for aeons, there are some common mistakes couples make that can throw a wrench into their moneyworks.
02 Not having a budget. It isn’t going to come as a surprise to you that I think every couple should have a budget. Whenever you combine two lives, two ways of looking at things, two spending profiles into one, you need to have a plan to ensure both bodies are on the same page about where the money should be going. Having come up with a budget you both agree to, it’s easy to decide what to buy and when. You simply ask each other, “Where does this fit in the budget?” If it doesn’t then you work together to make room, cutting a little of her golfing and his beer-with-the-boys to come up with the cash to make the purchase. Working together with a plan beats the bejezus out of flying solo blind and bumping into each other. A budget can be a relationship-saver when one of you is a spender and the other is a saver, since by having a plan you can address both your needs. It’s particularly important when you are both spenders heading to the brink of bankruptcy. Knowing where you stand financially means you can make informed decisions about your spending without a huge debt hangover.
01 Keeping secrets. I’m truly amazed at the number of people who hide things from their partners. They go shopping, bring home a bag of stuff, and rip off the tags – because, of course, their partners are morons and won’t recognize a new outfit when they see it. One woman shoved her new purchases in the laundry hamper, first thing. Another kept her new purchases in A budget can be a relationship- 03 Putting one guy in charge. It’s not unusual for one person to assume the nittythe trunk of her car saver when one of you is a gritty of daily finances. It often falls to one until she could slide spender and the other is a partner to pay the bills, check the insurance them into the house. saver, since by having a plan coverage, decide on how to invest the Many people lie about you can address both your retirement savings, figure out how much to what they’ve paid for needs. put away for education savings, negotiate an item because if it’s a good enough deal they can slip it past their with lenders, pay the taxes – the list is virtually endless. Often it’s because buddy. And then there are all the folks who one partner is more inclined toward these tasks. The problem is that hook up only to find their partner is a when one person is excluded, or totally abdicates responsibility, it means the other can mess things up with no monitoring or grow resentful at financial disaster. If you can’t be open about what you’re always having to do the detail. It’s important for each partner to not only buying, that should tell you something. If to feel involved in the big financial decisions but also understand the dayyou think your partner is going to object to to-day details. Taking turns managing the chequebook, and having regular your spending, listen up! And if you’re planning to mate and you haven’t sat down conversations so that both of you are clear about what’s going on, means to talk about your money, you’re foolish, you’re both in the know and working to the same ends. It also means that one person doesn’t have to deal with everything, while the other merrily plain and simple. Communication is job one in the laughs off the stress and frustration with, “You’re managing the money, so survival of any relationship, and if you can’t this is your problem to deal with.” (Yes, there are people who say this). bare your financial soul to your partner, if you can’t trust that person to tell you the 04 Denying the debt. Regardless of who has the debt, the impact on the family unit will be significant. If you can’t be debt free when you get hooked truth, you should not be getting married. 42 New home Guide | may 10 - jun 7, 2013
CO N T I N UE D o n p a g e 4 4 . . . .
up, the very least you should have is a plan for how you’ll get that debt paid off. Never sign for each other’s debt. When you do, you assume responsibilities that may choke you to death. If your buddy needs help paying off the debt, you can do that without putting your name on the paperwork. “But he won’t be able to get a car if I don’t help him,” I’ve heard. Then he shouldn’t have a car. “But she’ll pay an outrageous amount of interest.” Then she shouldn’t take the loan. “We’re partners in everything.” maybe that’s how you feel now, but how will you feel when (s)he doesn’t pull her/his weight on the debt repayment, and you’re on the hook for his or her past self-indulgence? as for blowing your brains out on a big wedding when you’re walking around with a ton of debt, give your heads a shake! Wedding mania, exotic honeymoons, and a houseful of brand new furniture is wonderful, providing you have the money to pay for it. going into debt for massive self-indulgence is down right dopey. 05 Sweating the small stuﬀ. If you’re going to spend your relationship getting your britches in a knot over every little thing, you’re going to be miserable. or you’re going to get divorced. You have to figure out which battles are worth fighting, and when negotiation makes more sense. If the small stuff adds up to big problems it’s usually because you don’t have a budget and aren’t on the same page when it comes to your priorities. It’s not unusual for couples to spend $30 a month here, $25 a month there, $60 on this, $97 a month on that, and when it’s all added up, it’s a whopping amount of money. If you’re tracking your expenses, it’s easy to decide what has to go and when to stop shopping. one of the ways some couples deal with the money is to allot each partner a weekly or monthly “allowance” that can be
44 New home Guide | may 10 - jun 7, 2013
Gail 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
used for anything that body desires. since the allowance is part of the budget, the plan stays in place while the individuals have some personal freedom when it comes to how they’ll spend their personal money. once you have a slush fund you can each spend as you wish without questions or recriminations; you can then agree that on purchases above a certain amount you’ll consult with each other before buying. 06 Failing to plan for emergencies. While no one likes to think about bad things happening, the fact is that bad things do happen to good people. If you don’t have a stash of cash at the ready to deal with whatever life throws your way, you won’t have the means to cope. one of the big upsides of joining up is that you’re able to act as a safety net for each other through life’s storms. But that doesn’t happen magically. and often couples overestimate their partner’s ability to take over the entire financial burden should one partner lose a job, someone become ill, or suffer some other disaster. It takes a plan. and part of that plan includes creating a pretty hefty emergency fund. another part includes reducing your risks in whatever ways possible. every couple should have enough money available to cover six months’ worth of living expenses. and each partner should make it a priority to get adequate insurance coverage. communication and negotiation are the keys to dealing with money issues when you partner. of course you also need some practical moneymanagement skills to actually pull the whole thing off.
showing their rational side ACCORDING TO A NATIONAL SURVEY
conducted by Genworth Financial Mortgage Insurance Company Canada (Genworth Canada), first-time homebuyers are adjusting to the new mortgage requirements and making informed choices about homeownership. The annual poll, completed in conjunction with the Canadian Association of Credit Counselling Services (CACCS), asked 1,514 Canadians questions about their financial well-being and preparedness. The 2013 survey revealed that there was a significant rise in the number of recent first-time buyers who say they put down more than 20 per cent on their homes (56 per cent versus 36 per cent in the 2012 survey). In fact, the number of people that said it is getting harder
Canadians entering the real estate market are making ﬁnancially astute choices by saving longer and putting down larger deposits on their homes,” says Brian Hurley, chairman and CEO of Genworth Canada.
to save for that down payment is on the decline (50 per cent versus 55 per cent in 2012) with more first-time buyers finding it easier to save money (nine per cent, up from five per cent in 2012). In addition, only 17 per cent of respondents thought it was a good time to buy, suggesting that low interest rates alone are not enough to entice Canadians to purchase a home. “Canadians entering the real estate market are making financially astute choices by saving longer and putting down larger deposits on their homes,” says Brian Hurley, chairman and CEO of Genworth Canada. “They continue to value homeownership and are being responsible about the way they enter into mortgage debt. This trend bodes well for a soft-landing of the housing market.” Among first-time homebuyers, the proportion saving for less than two years has decreased by nearly 30 per cent, while the proportion saving for more than five years rose by more than 50 per cent. This appears to indicate that fewer first-time homebuyers feel a sense of urgency about entering the real estate market, which is consistent with the fact that fewer expect house prices to rise in the next twelve months. “There is still a strong need for Canadians to have a better grasp on their financial situation,” says Henrietta Ross, CEO of CACCS. “More than 40 per cent don’t think their credit rating reflects them or don’t know what their credit rating is. Counselling could help ensure they are financially prepared to enter and maintain substantial investments, such as homeownership.”
Vanilla is for ice cream.
Donâ€™t be beige.
facebook.com/oneatwindermere OneAtWindermere_Vanilla(New Home Guide).indd 1 Job
13-05-01 11:20 AM
Create Possibilities… Live Good.
Royal Oaks shares its name with privilege and magnificence. A whole new standard of spacious estate living is created – a fact readily apparent in the size and affordable pricing of the masterplanned community homesites. Emerging is a new realm of ease, connection, beauty and aliveness.
Love to be here. Imagine… Enjoy … Inspire... Feel…
The invitation “Love to be Here” is extended to those seeking their dream home framed in a ribbon of trees, surrounded by naturally attractive prairie, abundant open spaces and future greenways connecting the neighborhood as well as Edmonton, Beaumont, Blackmud Creek, the Waskahegan Trail, CP Intermodal Business Parks and a future Vistas Towne Centre.
Engage… Ease, Connection, Aliveness, Beauty, Peace,Tranquility, Harmony, Love, Serenity, Wonder,
The opportunity to build is open to All. Own a “neighborhood of distinction”, be “connected to nature” and belong to a “community of care”. Royal Oaks is imagined from an inquiry to “do good” and intentionally developed in the way that future generations would expect of us. Create Possibilities… Come join us at Edmonton’s south and Beaumont’s west border…Wellness, fresh-air, extended family-time, play space and a daily retreat from stress… Love to be Here.
We don’t have an eternity to realize our dreams, only the time we are here. Susan Taylor
CITY SERVICED LOTS AVAILABLE TO THE PUBLIC
WE’RE BUILDING A COMMUNITY TOGETHER. JOIN US. 50
SALES CENTER NOW OPEN
50TH ST ST..
PARSONS P ARSONS RD.
814 RR243 RR24 3
RR244 RR24 4
Visit cancomdevelopment.com or contact us at 780.442.1111 for more information
ANTHONY HENDA HENDAY Y ELLERSLIE RD.
TOWNSHIP ROAD 510 BEAUMONT
Anthony Henday James Mowatt Tr.
13 ALLARD IN HERITAGE VALLEY
DEVELOPER: MLC Group / JCA Financial BUILDERS: Innovations by Jayman, Landmark Legacy, Rohit Communities, Jayman MasterBuilt, Sterling Homes LOCATION: South on James Mowatt Trail and South of 30 Avenue SW
DEVELOPER: MLC Group / JCA Financial BUILDERS: Landmark Communities, Sterling Squared, Simply Sterling, Rohit Communities, Innovations by Jayman LOCATION: South on James Mowatt Trail and North of 30 Avenue SW
1 18 7
Ellerslie Rd. (9th Ave.) 2
12 CALLAGHAN IN HERITAGE VALLEY
91 St. Parsons Rd.
Calgary Trail South
14 THE ORCHARDS AT ELLERSLIE
DEVELOPER:Brookfield Residential 4 BUILDERS:Front attached Homes: Homes by Avi, Sterling Homes, Jayman MasterBUILT Rear-Detached Homes: Landmark Legacy Homes, Daytona Master Builder SemiDetached:Axio by Brookfield Homes LOCATION:turn south off of Ellerslie on 91st Street, turn east on 25th Ave SW.
Township Road 510
Township Road 510
1 ELLERSLIE HEIGHTS
DEVELOPER: United Communities BUILDERS: Landmark Legacy, Homes by Avi, Landmark Communities, Landmark Homes, Park Royal Homes, Kirkland Homes LOCATION: North of Ellerslie Rd. on 66 Street
2 LAKE SUMMERSIDE
DEVELOPER: Brookfield Residential BUILDERS: Mosaic Townhomes, Brookfield Duplexes, Innovations by Jayman, Daytona Homes Master Builder, Landmark Homes, Homes by Avi, Pacesetter Homes, Landmark Classic Homes, Canyon Spring Master builder, Aacropolis Homes LOCATION: Ellerslie Rd. & Parsons Rd.
DEVELOPER: Rohit Land Dev. BUILDERS: Art Custom Homes, White Eagle Homes, D’Cor Homes, Rohit Communities, Celebration Homes LOCATION: 1 km South of Ellerslie Road on 111 Street SW
4 SUNSET VALLEY ESTATES
DEVELOPER: VIP Development Group of Companies BUILDERS: Open LOCATION: South Of Ellerslie Rd. between 66 Street & 75 Street
5 RUTHERFORD HEIGHTS
DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Sterling Homes, Look Homes LOCATION: James Mowatt Trail & Rutherford Rd.
13 41st Ave. SW
6 WALKER LAKES NORTH
DEVELOPER: MLC Group / Cameron Communities BUILDERS: Cameron Homes, Crimson Cove Homes LOCATION: South of Ellerslie Rd. on 66 Street
7 WILLOW HAVEN
DEVELOPER : Carrington Land BUILDERS : Bedrock Homes LOCATION : 5624 - 7th ave
8 WALKER LAKES STATION
DEVELOPER: MLC Group / JCA Financial BUILDERS: Cameron Homes, Greenboro Homes, Sterling Homes, Pacesetter Homes, Landmark Communities, Lincolnberg Master Builder, Tamarack Park, Sterling Squared, Landmark Legacy LOCATION: South of Ellerslie Rd. on 66 St.
9 RUTHERFORD ESTATES
DEVELOPER: Kimberley Communities BUILDERS: Kimberley Communities, Kimberley Homes LOCATION: South of Ellerslie Road just off 127 Street
15 WALKER SUMMIT
3 min. to
DEVELOPER:United Communities Beaumont area BUILDERS: RSL - Kirkland, Landmark, Morrison and Montorio Duplex - Morrison, Montorio and Innovations by Jayman LOCATION: South on Ellerslie to 66th Street.
DEVELOPER: Melcor Developments BUILDERS: Bedrock Homes Coventry Homes, Landmark Homes Parkwood Master Builder,Trend Homes Lincolnberg Master Builder LOCATION : Southeast Edmonton south of Ellerslie Road on 66th Street
17 ROYAL OAKS
DEVELOPER: Cancom Development BUILDER: Konark Homes, Cancom Homes, Infiniti Homes, Open LOCATION : South on 101 Street to Towship Road 510. Turn east to EastVistas Blvd. (follow signs)
DEVELOPER: Cameron Communities BUILDER: Marcson Homes LOCATION: Just off Ellerslie, on 57th Street SW – and 7th ave
DEVELOPER: United Communities BUILDERS: Caliber Master Builder, Kimberley Homes, White Eagle Homes, Parkwood Homes, LOCATION: 111th Street & 30th Ave
11 RAVINES OF RICHFORD
DEVELOPER: Rohit Land Development BUILDERS: Celebration Homes, OPEN LOCATION: Ellerslie Road & Blackmud Creek Ravine
THE BEAUTY IS IN THE DETAILS. Homes starting in the $290’s
52 New home Guide | may 10 - jun 7, 2013
Welcome to Lake Summerside South Edmonton
Turn in! The beach is great at Lake Summerside. You’ll be greeted by a diverse selection of home styles for growing families and ﬁrst time buyers alike. It’s all here. A community beach club at a lake you can actually get in and enjoy. Plus a new school and amazing shopping nearby. All signs point to a smart decision. Show Homes by: Mosaic Townhomes
Homes by Avi
Innovations by Jayman
Landmark Classic Homes
Daytona Homes Master Builder
Canyon Spring Master Builder
= Show Home Locations
Show Home Hours Mon. - Thurs.: 2 - 8pm Weekends & Holidays: 12 - 5pm
may 10 - jun 7, 2013 | New home Guide 53
Bank of Canada
Continues to hold interest rates The Bank of Canada recently once again
announced that it is maintaining its target for the overnight rate at one per cent. The Bank Rate is correspondingly 1.25 per cent and the deposit rate is 0.75 per cent. Global economic growth has evolved broadly as anticipated in the Bankâ€™s January Monetary Policy Report (MPR). In the United States, the economic expansion is continuing at a modest pace, with gradually strengthening private demand partly offset by accelerated fiscal consolidation. Significant policy stimulus has been introduced in Japan. Europe, in contrast, remains in recession, with economic activity constrained by fiscal austerity, low confidence and tight credit conditions. After picking up to very strong rates in the second half of 2012, growth in China has eased. Commodity prices received by Canadian producers remain elevated by historical standards and, overall, they are little changed since the January MPR. The Bank expects global economic activity to grow modestly in 2013 before strengthening over the following two years.
On a quarterly basis, growth in Canada is expected to pick up to about 2.5 per cent in the second half of this year. Despite this expected pickup, with the weak growth in the second half of 2012, annual average growth is now projected to be 1.5 per cent in 2013. Following a weak second half of 2012, growth in Canada is projected to regain some momentum through 2013 as net exports pick up and business investment returns to more solid growth. Consumer spending is expected to grow at a moderate pace over the projection horizon, while residential investment declines further from historically high levels. Growth in total household credit has slowed and the Bank continues to expect that the household debt-to-income ratio will stabilize near 54 New home Guide | may 10 - jun 7, 2013
current levels. Despite the projected recovery in exports, they are likely to remain below their pre-recession peak until the second half of 2014 owing to restrained foreign demand and ongoing competitiveness challenges, including the persistent strength of the Canadian dollar. On a quarterly basis, growth in Canada is expected to pick up to about 2.5 per cent in the second half of this year. Despite this expected pickup, with the weak growth in the second half of 2012, annual average growth is now projected to be 1.5 per cent in 2013. The economy is then projected to grow by 2.8 per cent in 2014 and 2.7 per cent in 2015, reaching full capacity in mid-2015 â€“ later than anticipated in the January MPR. Total CPI and core inflation have remained low in recent months, broadly in line with expectations in the January MPR. Muted core inflation reflects material excess supply in the economy, heightened competitive pressures in the retail sector, and some special factors such as slower increases in regulated prices and the pass-through of previous declines in agricultural prices to consumer prices. Total CPI inflation has been restrained by low core inflation and declining mortgage interest costs, with some offset from higher gasoline prices.
56 New home Guide | may 10 - jun 7, 2013
You may have seen Orion’s belt. From here, you can see his pants.
A Shining Community Aurora is a unique and thoughtfully planned community in southeast Edmonton. Our commitment to less light pollution starts with LED street lights and a better view of the night sky — from your front porch or while wandering the trails to the star gazing plaza.
Stop in today to see if living in Aurora is written in the stars for you. We’re just south of the Little Dipper on Ellerslie Road and 66 Street.
AURORAEDMONTON.COM MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 57
Custom fit Homes for any phase in your life... LANED HOMES SUNTREE, LEDUC 26 Selkirk Place 780.934.9898 From the low 300’s
MOVE UP BEAUMONT 103 Rue Montalet 780.929.2598 From the high $390’s
MOVE UP INFILL, EDMONTON 8114-159 Street 780.699.0330 Love your neighborhood but want a new home?
ESTATE ALLARD, SW EDMONTON 1722 Adamson Cres, SW 780.430.0037 From the high $490’s
780.450.9898 calibermasterbuilder.ca 58 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
Built Green (20/3)-/cb
MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 59
You graduated from an easy bake oven years ago But it’s still just as important to invite friends to a tea party. Remember all the things you were going to do when you had your own place? Those are what we build for. Brookﬁeld Duplex Homes are made for memories.
W la en cl if N
ART BY DAY, STARLIGHT BY NIGHT.
Calgary Trail SW
Jayman MasterBUILT Sterling Homes Daytona Homes
Landmark Legacy Homes Brookfield Homes Homes by Avi
91 St r
en Elizabeth Hw y
91 Street NW
Come to life at theorchards.ca
s Road son P ar
We designed The Orchards right down to the last detail, including the solar powered, twinkling entrance you pass by every day. Because being close to shopping, schools and trails only matters if you’ve got a beautiful place to come home to. No matter what time of day it is.
25 Ave SW
Creating the perfect
outdoor living space by Shane’s Landscaping & Contracting Ltd.
The outdoor living trend remains popular as homeowners seek to add lasting value and functional living space under the sky and stars. Whether it’s a do-it-yourself patio or a professionally installed outdoor kitchen, the beauty, usefulness, value and ease of maintenance in outdoor living space is limitless. Extending living space outdoors is as old as time itself. Creating an outdoor room is a natural extension of your indoor living space, by creating a space in the open air and adding elements like fireplaces, pergolas, water features and greenery; you get a very different feel. People want and need that connection to the outdoors.” Adding value Without erecting the traditional four walls and roof, outdoor living space can be easily added to large, small, twin or town homes. Enhancing an outdoor space with hardscapes adds value and can be adapted for multiple uses. Homeowners continue to embrace the trend of maximizing outdoor living space, whether it’s an outdoor kitchen or patio living room with a fire pit. Real estate experts say that for every dollar you invest in landscaping projects, you could see up to a $2 return when you sell your home. It’s never too early to start planning. The possibilities are endless, with maintenance-free pavers and segmental retaining wall systems which are budget-friendly for patios, walkways, courtyards, raised gardens, fire features and wall projects. When building your new home, be sure to include plans for exterior hardscapes either through your builder or a qualified landscaping contractor. There are so many solutions to fit any budget and need, big or small. Products such as permeable pavers allow 62 New home Guide | may 10 - jun 7, 2013
rainwater drainage if needed, and retaining walls come in colours that complement any environment. Al fresco living As a natural extension of the home’s ground floor, a patio expands a family’s living and entertaining space significantly. It provides a perfect gathering spot for guests and family who will be drawn from indoor dining areas to this enticing space. A popular trend is to expand kitchen space with outdoor grilling areas, stone fireplaces for cooking wood-fired pizza, or stone counters around a grill for food preparation. Because the kitchen is typically the customary gathering place in the home, it’s a natural extension for family and entertaining guests. Warming accents An outdoor fire feature such as a fireplace, fire-pit, creates an inviting outdoor focal point as well as a functional spot for entertaining. A half-circle seat wall or outdoor furniture around a fire pit or table creates a cozy nook, and adding a grill, pub set, chaise or settee can transform a patio into a lounge for gatherings well into the evening and late in the season. Adding ambiance Paved or stepping stone pathways can join both back and front outdoor living spaces. New homes make good use of the long-standing porch design. It’s easy to create a paver walkway linking the front and back or an outdoor kitchen to a lounge area. Lighting installed within steps and along paths can also add a unified ambiance to a home’s hardscape. Adding decor such as pergolas, trellises and arbors is great solutions for privacy, shade or continuity of design. Call a professional There’s no limit to the hundreds of ideas to enhance your yard. Hiring a qualified professional with the proper knowledge is a great place to start. Talk in length to a landscape professional, or visit a home and garden or search the Internet for inspiration. Take advantage of the outside to easily expand your living space. Give us a call – we can surely help you with your “yard of dreams.” Shane’s Landscaping & Contracting Ltd. is locally owned and operated, providing residential and commercial landscaping and snow removal services to Edmonton and surrounding area. Call us for a consultation at 780.983.8233 or view our portfolio at shaneslandscaping.com
The Jewel of Greater Edmonton
oyal Oaks is intentionally developed for people to experience a new realm of ease, connection, beauty and aliveness. Life will surround you in the pond, parks and playgrounds. Interesting streetscapes, illuminated landscapes and an abundance of trails and park spaces allow instant enjoyment and inspires ownership of place. The best aspects of acreage living and residential amenity are combined to create a community and lifestyle easy to access and enjoy. Nestled between, the City of Edmonton, Town of Beaumont and Irvine Creek, life in Royal Oaks will appeal to those eager to escape the stress and costs of city-life without sacrificing access to local community amenities. Spaceous lots allow
choice and opportunity to build your dream home. The close proximity to Edmontonâ€™s south, Beaumontâ€™s west borders as well as Edmonton International Airport means that nothing is far away. Annexation plans, an interchange in the works and a series of planned road upgrades will appeal to those who want to be strategically positioned to realize immediate property appreciation. Existing utility corridors, municipal reserve and greenway easements provide opportunities for outdoor enthusiasts to access hundreds of kilometers of hiking, biking and cross-country ski trails. The close proximity of recreation, commercial, educational and health services provide convenience and options for young and old.
Royal Oaks is a master-planned community in the heart of a region of growth and opportunity. Houses are now in construction and the finishing touches are being completed on the landscaping of life enriching amenities, inviting community gathering places, play areas, elegantly fashioned streetscapes, illuminated entry-features and a generous network of tree-lined and landscape sculpted trails. One of Royal Oaks most appealing features is its close proximity to the necessities of life – from grocery stores and shopping malls to outdoor recreation to schools and medical centres. Beaumont is 2 ½ kilometres east, Edmonton 5 minutes north and the International Airport is less-than 10 minutes away to the south west. A new interchange at 41st Avenue SW and upgrades planned along RR244 / 101St, RR243 / 66th St, Township Road 510 will provide improved access to the region. Royal Oaks is the first of many exciting new communities being planned and developed in the larger East Vistas Area in Leduc County. Eventually 22,000 residents will call East Vistas home. Municipal services are already in and fully connected to regional services. Fully serviced lots
and a spectrum of retail, recreation and educational amenities await those who what to build in Royal Oaks. Future stages will include a variety of lot sizes as well as multi-family residences, making Royal Oaks a community for all generations. Royal Oaks architectural guidelines encourage thoughtful architectural design, construction and everyone’s role in adding value to support upscale elegance for years to come. A Homeowner’s Association has been setup to allow a means of community engagement. Royal Oaks encourages builders to be responsible for the profound impact our houses have on the lives and world around us. Homebuilders are recommended to consider the use of technologies, products and practices that consider initial costs as well as their role in providing healthier, accessible and more comfortable places to live for the young and old. Durable and attractive buildings command higher rents/prices, sell faster, hold value longer and cost less to operate. Current builders in Royal Oaks include Konark Homes, Infiniti Homes and Cancom Homes. The Konark Homes’ show home, which opens in early June, will be an example of what is attainable in Royal Oaks. This 2-storey, multigenerational home redefines affordability - a fact readily apparent in the price, size, features, qualities and comforts built into this “Executive Lifestyle Show Home”. The invitation “Love to be Here” is extended to those seeking a dream home framed in a ribbon of trees, surrounded by naturally attractive prairie, connected to open spaces and greenways allowing both summer and winter recreation. Royal Oaks appeals to those who aspire to live life to the fullest: those who enjoy country sounds and a daily retreat
Nestled between, the City of Edmonton, Town of Beaumont and Irvine Creek, life in Royal Oaks will appeal to those eager to escape the stress and costs of city-life without sacriﬁcing access to local community amenities.
into fresh air to heal the body and mind; families with active children who enjoy outdoors recreation and activities; those who want acreage space without sacrificing community connection; and, those who are prepared to take responsible actions to make “their world” a better place. Healthy and active living is front and center at Royal Oaks. Trails and paths wind around the neighbourhood’s ponds, wetlands and wooded areas, and connect an extensive network of greenways and corridors that will eventually connect Edmonton, Beaumont, the Blackmud Creek and future Vistas Towne Centre. At your doorstep linkages to trails and greenways will appeal to those who value outdoor recreation, exercise and the proven benefits of stress relief, wellness and vitality. The outdoors can be enjoyed not just during the day, but at night as well. Streetscapes and architectural features are illuminated with LED outdoor lighting. Aside from using less power, LED’s create magical
beauty, reduces light pollution and allows uncompromised views of the night sky. Life-enriching amenities are close at hand. For horse lovers, an equestrian riding and show facility is a stone’s throw away. For active families, state-of-the-art recreation facilities, a spray park, outdoor skating rinks, and sports fields are all minutes away. For the golfer, nearby options include Coloniale, Eagle Rock, Red Tail Landing and Jagare Ridge. In the future, a centrally located Vistas Towne Centre with a main street will further create a sense of community in Royal Oaks. Stroll down Main Street on wide sidewalks to meet friends, or shop at various stores. Walking, hiking, crosscounty skiing and biking to work or play will take on a new reality in the region. For those seeking an escape from the big city, but without compromising convenience, Royal Oaks is the perfect place to call home. It combines the best aspects of acreage living and residential amenities to create a community and lifestyle that can be enjoyed for generations to come. Royal Oaks is raising the standard of estate living to a whole new measure of distinction. We invite you to visit our website at cancomdevelopment.com or come by our Sales Centre for a more intimate look at this extraordinary community.
AT COLONIALE WITH NEW HOME PURCHASE*
A master planned family community
IN BEAUTIFUL BEAUMONT • A striking community nestled around our ‘championship’ Coloniale Golf Course • Enjoy a friendly small town family lifestyle - with big city proximity • Master planned living with parks, shops, schools (offering French Immersion)
NEW LOTS COMING SOON
• Quality control through architectural guidelines to protect your investment • Less than 15 minutes from the Edmonton International Airport
Showhomes Open Weekdays 3pm to 8pm Weekends 12pm to 5pm, Closed Fridays
d ade Blv
ETIQUETTE HOMES MONTORIO HOMES
*Ask your builder for terms and details regarding free golf.
66 NEW HOME GUIDE BUYERS| GUIDE MAY 10|- APR JUN 16 7, -2013 MAY 14, 2010
• POPULATION: Approx 12,500 • LOCATED: 2 miles South of Edmonton on 50th street. • SCHOOLS: 5 Schools from Kindergarten to Grade 12. French Immersion offered in all. • GROCERY: Sobeys, Extra Foods • RECREATIONAL FACILITIES: Beaumont Regional Activities Centre and numerous outdoor facilities. • MEDICAL FACILITIES: 10 minutes to Grey Nuns Hospital. Served by Edmonton Ambulance. • PARKS & PATHWAYS: Approximately 170 acres of parkland & km of inter-connected walkways. •17 MINUTES TO THE AIRPORT
Come visit us and discover why
“Life is Better in Beaumont” for more information call 780-929-8782
or visit our website at town.beaumont.ab.ca
1 COLONIALE ESTATES
DEVELOPER: ARW Development Corp. BUILDERS: Montorio Homes, Etiquette Homes LOCATION: 50 St. & Coloniale Way
2 GOUDREAU TERRACE
DEVELOPER: Qualico Communities BUILDERS: Landmark Homes LOCATION: 50th Avenue & 62nd Street
3 PLACE CHALEUREUSE
DEVELOPER: Mandalay Developments BUILDERS: Royer Homes, Orca Homes, Goldenwood Homes, Davies & Company, Landmark Communities LOCATION: 50 Street & Blvd. Soleil
4 TRIOMPHE ESTATES
DEVELOPER: United Communities BUILDERS: Caliber Master Builder, Landmark Homes, Landmark Communities, Pacesetter Homes LOCATION: West on 50th Street at Rue Montalet (follow the signs)
DEVELOPER: Qualico Communities BUILDERS: Look Homes Master Builder. LOCATION: It is located on the south side of 50th ave at 66st.
7 ROYAL OAKS
DEVELOPER: Cancom Development BUILDERS: Konark Homes, Cancom Homes, Infiniti Homes, Open LOCATION: From Beaumont: West on Township Road 510 to East Vistas Blvd. (follow signs) From Edmonton: South on 101 St. to Township Road 510, east on Township Road 510 to East Vistas Blvd. (follow signs)
EXECUTIVE LIFESTYLE LOTS NOW AVAILABLE CREATE POSSIBILITIES.
WE’RE BUILDING A COMMUNITY TOGETHER. JOIN US.
S LE TER EN SA N OP CE W O N
LO S TO TS ER CIT V Y TH AV IC E AIL ED PU A BL BL IC E
DEVELOPER: S&D Group Development Ltd BUILDERS: Abington Homes, Ashton Homes, Royer Homes, Open LOCATION: 44 Ave. just off 44 St.
5 DANSEREAU MEADOWS
Visit cancomdevelopment.com or contact us at 780.442.1111 for more information. 67
Two new schools opening in Dansereau in 2014
The Kristana* by Pacesetter Homes 2333 Sq. Ft. • 3 Bedroom • 2.5 Baths
SeVen neW SHoWHomeS noW oPen!
Single Family HomeS starting from the $359’s DUPleX HomeS starting from the $292’s ToWnHoUSeS starting from the $278’s
Visit the showhomes by: Single Family HomeS Pacesetter Homes 780.737.7380 Caliber Master Builder 780.929.2598 Landmark Homes 780.701.3078 DUPleX HomeS Landmark Communities 780.702.8363 ToWnHoUSeS Pacesetter Homes 780.737.2737 Showhome Hours Monday to Thursday 3–8pm Weekends and Holidays 12–5pm
www.dansereaumeadows.com *Rendering is for illustrative purposes and showhome may not be exactly as shown. 68
Start your Saturday with a quick ride to Gobeil Parkâ€™s skate park and tennis courts. Embrace the joys of life in the vibrant community of Ruisseau in Beaumount.
visit our showhome today and move in tomorrow.
Look Homes Master Builder 780.737.6354
MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 69
industryupdates - chba - alberta
Valuable tips by Jim Rivait
jim rivait Jim Rivait is Executive Officer of CHBA Alberta. Starting his career working in government, Jim spent the last decade working in the private sector specializing in government relations, advocacy, strategic communications, policy development/ analysis and association management.
Doing something for the first time is always more of a challenge, whether it’s the first day of school or a first date. Buying your first home is no exception. Researching home prices, features and locations is exciting but can be time consuming. First-time buyers must also learn the rules for financing a purchase to understand how much they can borrow and the minimum down payment required. Fortunately, there are handy tools available to help guide you through the steps. Check the CHBA - Alberta website for useful guides. Canada Mortgage and Housing Corp. and most banks offer mortgage calculators that allow home buyers to check how choosing different periods to pay off a loan or varying the down payment will change monthly payments. More importantly, the long-established benefits of homeownership provide a powerful incentive to buy a home. Not only do you get to live in your investment and increase its value through home improvements, your mortgage payments build equity. Members of Generation Y – born between 1980 and 1994 – are the most likely to be renters, but as Royal LePage noted in a recent report, those 19 to 33 years of age would overwhelmingly like to wave goodbye to the landlord. More than 85 per cent of those surveyed disagreed with the statement that “I do not desire to own a property in my lifetime as renting is preferable to me.” In Alberta, first-time buyers were expecting to spend $406,000 on their first home, according to a survey by BMO Financial. Nationally, first-time buyers expect to pay off their mortgage in 20 years and are twice as likely to opt for a fixed-rate mortgage than a variable rate product. Of course, saving enough for a down payment remains a challenge. Many prospective buyers cut back on spending, with 63 per cent reporting they made lifestyle changes to sock more money away. Laura Parsons, a mortgage expert at BMO Bank of Montreal, suggests people test what it is like to live within budget after buying a house. “Determining what your mortgage payments and overall costs of homeownership will look like, and then living in that financial reality for a year before entering the market, can be an effective strategy.” A quarter of Generation Y lives rent-free because of arrangements
with family and friends – one strategy to help build savings for a down payment. Another source of funds is money tucked away in RRSPs. The federal government’s Home Buyers’ Plan (HBP) allows withdrawal of up to $25,000 to buy a home. Annual payments are required to put the money back into the RRSP within 15 years. A lucky few – 27 per cent, according to BMO – will get help from their parents or other family members to buy their first home. When it comes time to close the deal, the federal government also has a program to help. The First-Time Home Buyers’ Tax Credit (HBTC) assists with the costs associated with the purchase of a home, such as legal fees, disbursements and land transfer taxes. The credit provides up to $750 in federal tax relief. The reality is buying a first home is more challenging than just writing another cheque to your landlord. It requires research, planning and the courage to take a bold step forward on the path to prosperity. And it’s a move that many young people regret delaying. BMO’s survey revealed that 59 per cent of first-time buyers wish they’d bought a home five years ago. The Canadian Home Builders’ Association - Alberta represents more than 1,500 business members, including new home builders, renovators, developers, trade and supply companies, and professional services.
for first-time homebuyers
70 New home Guide | may 10 - jun 7, 2013
•P opulation: 17,000 and growing “Small city” living within minutes of “Big city” amenities.
AREA INFO • Located: 20 km south of Edmonton on Hwy 2
• Grocery: Variety of shopping.
Hi gh wa y2 A
•S chools: 7 Elementary, 2 Junior & Senior high. Public, Private & Separate school systems.
C.W. Gaetz Drive
Black Gold Dr.
Grant MacEwan Boulevard
1 MEADOWVIEW PARK
DEVELOPER: Qualico Communities BUILDERS: Stardust Homes, Open LOCATION: Coady Blvd. & McDowell Wynd, South of Rollyview Rd.
6 ASPEN CREEK
DEVELOPER: Maclab Enterprises BUILDERS: Barr Canna Homes, Moduline Homes LOCATION: Suntree Promenade & Aspen Creek Way
DEVELOPER: Qualico Communities BUILDERS: Lakeview Homes, Tristate Signature Homes LOCATION: Dunlop Wynd & Caledonia Dr.
DEVELOPER: Maclab Enterprises BUILDERS: Homes by Sher-Bilt, Cornerbrook Construction, Jacob’s Construction, McLean & McLean Custom Homes LOCATION: Exit at 50 Ave off Highway 2, proceed west, then go south on RR 253 to Windrose
•M edical Facilities: Full Service Community Hospital and Full Ambulance Service. •P arks & Pathways: 27 parks including Telford Lake, Fred John’s Park & Lions Campground.
7 WEST HAVEN PARk
DEVELOPER: Melcor Developments Ltd. BUILDERS: Encore Master Builder Santos Construction Ltd., Homexx Corporation LOCATION: West on 50th Ave, South on West Haven Boulevard
DEVELOPER: Melcor Developments Ltd. BUILDERS: Santos Construction Ltd., Encore Master Builder, McLean & McLean Custom Homes Ltd., Western Living Homes LOCATION: Take 50 Ave,turn right on Bridgeport Crossing
• Recreational Facilities: Recreation & Culture Centre, Performing Arts Centre, 18 hole Golf Course & Public Library.
Highway 39 To Calmar
DEVELOPER: Tamani Communities BUILDERS: Dolce Vita Homes, Homes by Avi, Innovations by Jayman, Jayman MasterBUILT LOCATION: Highway 2A & 50th Street
9 ROBINSON DEVELOPER: Beaverbrook
Developments BUILDERS: Bedrock Homes, Dolce Vita Homes, Homes by Sher-Bilt, Western Living Homes LOCATION: South of Rolly View Road on C.W. Gaetz Drive
THE CITY OF LEDUC,
a thriving Industrial, Commercial & Agricultural Community continues to experience growth and expansion.
“A great place to call home!”
For more information contact The City of Leduc at 780-980-7177
DEVELOPER: Maclab Enterprises BUILDERS: Kimberly General Partner, Cobblestone Master Builder, Bedrock Homes, Caliber Master Builder, Entity Homes LOCATION: Grant MacEwan Boulevard & Suntree Promenade
The grass will be greener, just like your wallet. 71
Start Here s r a e Y r e d n o The W first ilies. Your son’s
made for fam od that’s tailorho or hb ig st best ne a s It’ ur daughter’s fir en out front. Yo pp ha d s ul co e mmer barbecue solo bike rid . Uncountable su or do xt ne e liv uld friend forever co ure Smoked and Dad’s Signat rd ya ck ba e th in re. could take place ose memories he rfected. Begin th pe t ge ly al tu ac Brisket might
You’re ready to make your move
NOW OPEN! SHOWHOME mes by: Visit showho
re Homes Tristate Signatu 16 ive | 780.980.22 Dr ia on led 159 Ca No s w Open! s – Showhome Lakeview Home .6089 40 0.4 78 Drive | 157 Caledonia ’s* and 80 $2 start in the Duplex Homes e $340’s* th in rt sta s Home Single Family
www.tributel *Prices subject
Convenient appointment, day or night, home or office • Competitive rates on a wide selection of mortgages •
For convenient mortgage service, contact: Nancy Bruno-Romeo Mobile Mortgage Specialist Tel.: 780-973-8892 Cell: 780-908-7183 email@example.com What’s next for you?
® Registered trade-mark of Bank of Montreal.
Mortgage Expertise at Your Doorstep 24/7 74_BMO_20/13
72 New home Guide | may 10 - jun 7, 2013
You shouldn’t have to sacrifice livability for affordability. Good thing West Haven Park is now on the map. We planned our community with tree-lined streets, playgrounds, fountains and walking paths—and just enough room for your family’s home. Visit our showhomes at Black Gold Drive & West Haven Drive
Integrity in real estate since 1923 73
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 firstname.lastname@example.org or follow him on Twitter at Twitter.com/WayneKarl
What type of home
Let’s be honest, your first home may not be your dream home, and your needs and desires are bound to change throughout the various stages of home ownership. You might not be able to afford the home of your dreams right off the bat, but once you’re in the market, it’s easier to move up. So, while the answer to the question – What type of home should you buy? – is specific to circumstances, there are also some common guidelines you can follow.
How much can you afford? Experts agree it is never a good idea to make yourself housepoor, and it is a very common mistake, particularly of firsttime 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. And with tougher mortgage rules recently taking effect, buyers should “stress-test” their plans – seeing how well you could cope with higher mortgage payments brought on by rising interest rates.
should you buy? by WAYNE KARL
WHAT TYPE OF HOME SHOULD YOU
buy? Whether you’re a first-time buyer, moving up to a larger home or downsizing to a smaller one, the answer to this question is a very individual one. It short, it really How much will it really cost? depends on your situation – everything Another common homebuyer mistake is not being prepared for all from the amount of your down payment to the closing costs involved: lawyer fees, land transfer taxes, utilities, where you work to whether you have kids insurance, and home inspection and appraisal fees and insurance. All to other personal circumstances. of these costs add up, and ultimately should factor into your overall Of course, most of us would love a large home-shopping budget. house on an expansive property on a quiet cul-de-sac in the best neighbourhood. But Where do you want to live? that’s not always possible. This question is becoming more important for a number of reasons, For your own enjoyment while you though influenced primarily by where you work, how much of a commute live in your home as well as for future resale you want and whether your transportation options include mass transit potential, proximity to transportation, or only driving. Indeed, especially with gas prices on the rise, proximity shopping, schools and other amenities is to mass transit is something more and more people are looking for in among the key determinants that affect their new home location. It may not be as simple as choosing to live in the your property’s appeal, and ultimately the city, suburbs or small town. its value. After all, those are the qualities potential buyers look for when searching What type of home do you want? for a home; the more of them your house Once you have determined your options for cost and location, you can has when you go to sell, the more it then assess what types of homes are available in your price range and will be attractive to a greater number desired neighbourhood: Single-family detached, semi-detached, townhome of people. or duplex? While experts suggest you take a Some many questions, so many choices. The good news is, home builders long-term view when buying a home, it’s today are in sync with customer preferences for location and amenities, and also important to not look too far down with market realities with regard to pricing and needs for energy efficiency, the road. so your options for new-home product have never been better. 74 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
1 MAPLERIDGE & OAKRIDGE COMMUNITIES
DEVELOPER: Maple Ridge & Oak Ridge Communities BUILDERS: Country Hills Homes LOCATION: 17 Street between Sherwood Park Freeway and Whitemud Drive
DEVELOPER: Dundee Developments BUILDERS: Landmark Homes, Homes by AVI, JDL Homes, Landmark Legacy Homes, Landmark Communities, Coventry Homes LOCATION: From Whitemud go South on 17 Street & follow the signs to Tamarack Gate
5 MAPLE CREST
4 LAUREL CROSSING
6 WILLOW HAVEN
DEVELOPER: Dundee Developments BUILDERS: Coventry Homes, Greenboro Homes, Landmark Homes, Homes by AVI, Landmark Legacy Homes, Lincolnberg Master Builder, Landmark Communities LOCATION: South of 23 Avenue and East of 34 Street DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Sterling Homes, Landmark Homes, Tristate Signature Homes, Sterling Squared, Bedrock Homes, Connect Homes LOCATION:34 Street & 16A Avenue
DEVELOPER: Dundee Developments BUILDERS: Homes by Avi, Coventry Homes, Greenboro Homes, Landmark Homes, Landmark Legacy, Lincolnberg Master Builder, Landmark Communities, Bedrock Homes LOCATION: Maple Road (38th Avenue NW) and 8th Street DEVELOPER: CarringtonLand BUILDERS: Bedrock Homes LOCATION: 5624 7th Ave SW.
7 TAMARACK COMMON
DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Sterling Homes, & Parkwood Master Builder SHOWHOMES COMING SOON LOCATION: 17 Street and 23 Avenue, south of Millcreek Nursery
Everything Grows In Abundance
Especially Family Fun!
op fu lin yo bl pl La
Spring is here and itâ€™s time to get out and have fun Laurelâ€™s spectacular playground and 11 acre lakeside park are ideal places for families to grow closer, play and make special memories together.
La liv A La fo Re C six an at lif ac
76 New home Guide | may 10 - jun 7, 2013
Starts In The Park
As daylight stretches further on the clock so does your opportunity to enjoy great outdoor fun with family. Running along tree lined paths. A bike ride. Walking your dog. Or just enjoying the sheer bliss of children revelling in fun at the playground; this is the beauty of life in Laurel.
Beautiful lake and park space
Homes For Every Budget Laurel offers premium move-up homes with front garages by Coventry Homes, Greenboro Homes, and Landmark Homes, starting in the $400’s. Landmark Legacy Homes, Homes By AVI and Coventry Homes offer detached garage homes with efficient designs from 1,100 – 1,400 sq.ft. and prices from the $340’s.
Superb children’s playground
Laurel was created to blend superior living at home with more fun outside. As a premium southeast community, Laurel is convenient just minutes from four shopping centres, Millwoods Recreation Centre, Millwoods Golf Course, Grey Nuns Hospital and at least six schools. Add in the incredible sport and activity facilities only months away at the Meadows Recreation Centre and life in Laurel is pretty well perfect for active families.
Homes by Avi, Linconberg Master Builder and Landmark Communities offer duplexes featuring lots of extras like landscaping, decks and front garages from the $300’s.
New recreation centre opening just down 23rd. Avenue.
For information visit www.livelaurel.com or its 13 showhomes to see how this spring could be the one that changes your life forever.
may 10 - jun 7, 2013 | New home Guide 77
View 11 Show Homes
Live In A Natural Playground w w w. l i v e m a p l e c r e s t . c o m Another Family Community by 78
Live On A Ravine Or By The Water
Maple Crest, Dundee Developments’ impressive family community, at 8th Street and Maple Road (38th Avenue), is a “natural” playground. Nestled among towering trees and rolling hills are beautifully appointed homes, parks and paths that ensure a comfortable, secure and healthy lifestyle.
Live By A Natural Reserve In Stage II The magnificent Fulton wetlands, a 75 acre natural reserve in the community’s northwest sector, provides superb views for many homes. The introduction of Stage II lots means families can enjoy superior lifestyle opportunities and lots of open green space. Stage II features lake oriented walk out lots, regular attached garage lots and lots for detached garage homes.There are also duplexes from four award winning builders. Bedrock Homes, Coventry Homes, Landmark Communities and Homes By Avi will open show homes later this summer to complement Maple Crest’s 11 Stage I show homes.
For information on this spectacular lifestyle community visit the show homes. You can also register for an online flip book, show home information and get directions at www.livemaplecrest.ca.
Participating Builders In Southeast Edmonton
From The $390’s
From The $330’s
- Coventry Homes - Landmark Homes - Greenboro Homes
- Homes By AVI - Landmark Legacy Homes
From The $290’s
Greenboro Communities Bedrock Homes Landmark Communities Coventry Homes Homes By Avi Lincolnberg Master Builder
Maple Road (Was 38th Ave)
Attached Garage Homes
Anthony Henday Drive
Plant Your Roots in SummerWood! SummerWood is the ideal neighborhood for monkey-bar swingers and after-dinner-trail blazers alike. • Playgrounds • Parks • Creeks • Ponds • Lush Urban Forests Pacesetter Homes Front Attached Garages 780-416-8413 Rear Lane Access 780-570-5205 Jayman MasterBUILT Front Attached Garages 780-416-8532
Visit our showhomes today to find your perfect match. Yellowhead Tr. (Hwy 16)
FRONT ATTACHED GARAGES
Summerland Dr. Baseline Rd.
SHOWHOMES REAR LANE ACCESS
80 New home Guide | may 10 - jun 7, 2013
Granada vd Bl
2 Whitemud Dr.
1 ASPEN TRAILS/EMERALD HILLS
DEVELOPER: Genstar Development Co. BUILDERS: Coventry Homes, Greenboro Homes, Park Royal Homes, Sterling Homes, Landmark Communities, Christensen Developments LOCATION: Clover Bar Rd. North of Baseline Rd.
2 SHERWOOD GOLF & COUNTRY CLUB ESTATES
DEVELOPER: VIP Development Group BUILDERS: Open LOCATION: South of Wye Rd. on Range Rd. 233 Across from Fountain Creek Estates
DEVELOPER: Qualico Communities BUILDERS: Challenger Homes, ReidBuilt Homes, MacLachlan Mitchell Homes, LOCATION: East of Clover Bar Road on Foxboro Drive
4 ARDROSSAN HEIGHTS
DEVELOPER: Strata Developments BUILDERS: Open LOCATION: 4 miles east of Sherwood Park on Baseline Road North at RR 824 to Ardrossan NEW LOTS COMING SOON!
5 Lakeland Ridge
DEVELOPER: Genstar Development Co. BUILDERS: Challenger Homes, Landmark Homes, Ironwood Homes, Rohit Communities, Homes by AVI, Daytona Homes Master Builder LOCATION: Cloverbar Rd. & Crimson Dr.
DEVELOPER: Qualico Communities BUILDERS: Jayman MasterBUILT, Pacesetter Homes, Rohit Communities, Open LOCATION: East of Clover Bar Rd. North of Baseline Rd. on Lakeland Dr.
���� ������� ��� ������ ������ ����� � ��������
���� �� ����� �� ������ ������ ������������
FORTOVER SASKATCHEWAN 43 YEARS OF “SOLID VALUE” CONSTRUCTION
Concept’s magnificent showhome
YOUR BUILDER FOR CUSTOM HOMES, FARMS & ACREAGES OVER 43 YEARS OF “SOLID VALUE” CONSTRUCTION
���� �� ����� 1969 BUILDER �� ��� �������� ���� �������� ���� ��� �� � ���� CONCEPT’S MAGNIFICENT SHOWHOME ���� ���� ���� ������
offers a twist on the traditional two bedroom plus den floorplan. The main entrance has a 12’ ceiling, a grand foyer and a closet with European swing ���� doors. The rich, stained maple hardwood creates S I N C E 1 9 6 9 ������� a MASTER spacious BUILDER feel as it runs throughout the main floor. Better ������ Built ����� Entertaining becomes a breeze in the organized kitchen with island, granite and unique tabletop vice Warranty BETTER IDEAS... circular eating bar. The nook has enough space for ew Home BUILTand has convenient double doors a BETTER china cabinet #2 Greenfield Bend Fort Saskatchewan leading to a covered deck. The great room features a coffered ceiling, soft rope lighting and a gas fireplace •surrounded by Coos Bay Bluff stone. The large 1 YEAR SERVICE offers twistmaster on the traditional plus den floorplan. 13’ xa15’ bedroomtwo hasbedroom soft frisee carpet and manyWARRANTY windows to let the light shine in. The luxurious The main entrance has a 12’ ceiling, a grand foyer, maple master ensuite features a 4’ shower, a jetted tub, a cabinet tower, and porcelain tiles. The laundry room, • ALBERTA NEW hardwood, kitchenand with second island, granite andcomplete unique tabletop guest bathroom bedroom the main floor. Elegant Oxfordstyle metal spindles lead HOME WARRANTY ���� �� �� ��������� circular eating bar. The nook has convenient double doors �� � �������� guests to the lower floor recreation room. The basement also has a bathroom, a bedroom, abundant leading to a covered deck. The great room features a coffered storage and room to build an elaborate theatre. This home features a beautiful exterior with an extra wide ������������������� ONSTRUCTION ������������ CALL driveway 8’ surrounded garage doors. ceiling and aand gas three fireplace by Coos Bay Bluff stone.
� �� ��� ���� whome
The large 13’ x 15’ master bedroom has soft frisee carpet and Margot Paull 780-231-6546 aull ���� ������ aditional two bedroom plus many windows. The luxurious master ensuite features a 4’ �� ����� ������ ���� ��� esentative n entrance has a 12’ ceiling, shower, a jetted tub, a cabinet tower, and porcelain tiles. The ����� � ��� ������� �������� oset with European swing ������ ����� room, guest bathroom and second bedroom complete ��� �������� ���� ��� d maple hardwood creates laundry�������� ������������ ns throughout the main floor. the main floor. Lower floor recreation room. The basement a breeze in the organized also has a bathroom, a bedroom, abundant storage and room anite and unique tabletop e nook has enough space for to build an elaborate theatre. Beautiful exterior with an extra as convenient double doors deck. The great room features wide driveway and three 9’ garage doors.
Bay Bluff stone. The large e light shine in. The luxurious ain tiles. The laundry room, dstyle metal spindles lead �� ��������� , a bedroom, abundant ul exterior with an extra wide �����������
K! a Southfort!!!
���� �������� ���� ���
FIND US ON FACEBOOK! www.concepthomes.ca Watch for our new showhome in Southfort!!!
������� �������� ���� �������� �����������
Find Us On Facebook!
Showhome now open, visit us at 2 Greenfield Bend Please call Margot to confirm hours for viewing
������� �������� ���� �������� �����������
This is what you've been waiting for Outdoor adventure and indoor fun awaits you in Forest Ridge. • Playgrounds • Hiking Paths • Pryce Anderson Park • North Saskatchewan River • Dow Centennial Rec Centre & Performing Art Theatre
Discover Forest Ridge. Visit our Showhomes, and See for Yourself. HW
Duplex, single-family and executive style homes Homes by Santos Construction 780.997.0493 Pacesetter Homes 780.936.7109 ForestridgeFor tsask.c om
CR A BEN NBER RY D
82 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
, Builder f Hwy. d along
1 5 7
DEVELOPER: MLC Group/Cathton Holdings BUILDERS: Landmark Communities, Tristate Signature Homes, Active Homes, Impact Homes, IRONCO Master Builder, Integra Homes LOCATION: Junction of Hwy. 21 and Hwy. 15 on 94 Street
2 SOUTHFORT RIDGE
DEVELOPER: Strata Developments BUILDERS: Greenboro Homes, Coventry Homes, Rundle Homes, CMK Homes, Anez Homes, DaVinci Developments LOCATION: Southfort Blvd & Ridgeland Way
3 SOUTHFORT MEADOWS
DEVELOPER: Strata Developments BUILDERS: Homexx Homes, Landover Homes, Rayborne Homes, Stoneridge Homes LOCATION: Southfort Drive & Meadowview Drive
4 SOUTHFORT ESTATES
DEVELOPER: Strata Developments BUILDERS: Concept Homes, Homexx Homes, Landover Homes, Rundle Homes, Open LOCATION: Southfort Drive & Greenfield Way
5 FOREST RIDGE IN WEST PARK
DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Homes by Santos, Open LOCATION: Westpark Drive & Cranberry Bend
6 WEST WOODLANDS
DEVELOPER: Strata Developments BUILDERS: Oleksyn Homes, Clearview Homes, Open. LOCATION: 55 St. & Sunset cres. Bruderheim
DEVELOPER: Qualico Communities BUILDERS: Sterling Homes, Sterling Squared, Rohit Communities, LOCATION: 94 St. & Sienna Blvd.
AREA INFO • POPULATION: Over 18,653 • LOCATED: Adjacent to the northeast boundary of the provincial capital, the City of Edmonton-15 minutes close. • SCHOOLS: 6 Public Schools, 3 Separate Schools, 1 Christian School. • GROCERY: Sobey’s Station Square, Canada Safeway, No Frills. • RECREATION & CULTURE FACILITIES: Dow Centennial Centre, Tennis courts, campground, baseball diamonds, golf course, indoor pool, outdoor ice rinks (2), curling rink, 3 arenas, indoor soccer, gymnasium, fitness centre, performing arts theatre, visual arts gallery, pottery studio. • MEDICAL FACILITIES: New Hospital Opening in 2012, 5 Medical Clinics. • PARKS & PATHWAYS: 360 hectares of park/ recreational/ natural land with 30 kilometres of paved trails for walking, running, biking, rollerblading and cross-country skiing.
A quiet, friendly, family oriented community.
“Life is good here!”
For more information contact Jasmine Zebic 780-992-6408 or visit our website at www.fortsask.ca or email: email@example.com
IMMEDIATE POSSESSION AVAILABLE ON SEVERAL HOMES 168 Durrand Bend Fort Saskatchewan
CALL OR EMAIL FOR MORE INFO
LET US SHOW YOU WHY
Standard 10 year Structural
FORT SASKATCHEWAN Y
THE PLACE FORT TO BE FOR SASKATCHEWAN EVERYONE... COME BUILD ★ ★ YOUR FUTURE WITH US ★ STRATA DEVELOPMENTS 15
T OR HF . UT D SO BLV
For lot information call Andrew. 780.822.0086 THE ESTATES THE MEADOWS LOTS 1/3 Acre & Up! BRAND NEW
NEW SHOWHOMES NOW OPEN! See new and unique designs in New Home construction, all in one community. THE RIDGE
Purchase lot privately and choose your own builder!
The perfect place for your growing family!
Brand New Show Homes From:
Homexx Homes 780-733-7924 Landover Homes 780-416-9122 Rayborne Homes 780-998-9245 Stoneridge Homes 780-997-0525
Concept Homes Homexx Homes Landover Homes Rundle Homes
New single family and duplex houses from:
CMK Homes, Anez Homes, Glenora Homes, Rundle Homes & More!
Life is GOOD here shopping parks playgrounds
trendy restaurants dow centennial rec centre performing arts theatre
Sterling Homes 780.997.0960
Rohit Communities 780.995.6054
5 Y 1 on HW mont Ed to
Visit our Showhomes Today
h rt tc Fo ska Sa
Live in Sienna.
n n to
h fo ut
r. rt D
hospital schools walking trails
84 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
Finding your new home begins with knowing
what price you can afford
Attractive mortgage rates and
home prices are still making 2013 look like a good year to buy a new home. There are a number of factors to consider – beginning with making certain your decision is one you can really afford. Buying a new home is one of the biggest life decisions you will ever make and you want to ensure you are both financially and emotionally prepared, according to Kavita Joshi, director of client strategies at RBC. “Your first step should be to determine how much you can afford while still maintaining your chosen lifestyle.” Joshi provides the following tips to get started: Know how much you can afford before beginning your home hunt in earnest, take time to review down payment options, household income, current debt, estimated monthly housing-related costs and closing costs. You can visit the RBC online calculator to help determine how much you can afford (rbcroyalbank.com/cgi–bin/ mortgage/tools/howmuch/afford.pl).
86 New home Guide | may 10 - jun 7, 2013
Work with a budget and set a maximum amount on how much you are willing to spend to ensure you can buy your home and still live within your means. Online budgeting tools such as myFinanceTracker (rbcroyalbank.com/myfinancetracker) can help determine exactly where your money is going and how much you have to spend within the parameters you’ve set for yourself. Do your research Friends, family members and websites can offer you helpful tips and advice. Also, consider reaching out to an RBC mortgage specialist (mortgage.rbc.com) who can give you insight into your finances. Affordability tips for first-time homebuyers... Owning your first home is a milestone as well as an exciting experience. However, many first-time buyers can be nervous about the process, as they don’t know what to expect or how to make the best decisions. RBC Royal Bank research shows that homebuyers between the ages of 18 and 34 worry that buying their first home will mean living outside their means. “With the proper advice and budgeting tools you can still live within your means and purchase your first home – you can do both,” Joshi says. “An RBC mortgage specialist can help you understand all the financial aspects of owning your first home, by offering tailored advice and support.” Joshi offers some tips to help first-time homebuyers stretch their dollars even further:
C O N T I N U E D on p a g e 9 0 . . .
144 Av e.
a M 44 1
ve. 137 A
34 St. 151 Ave.
Yel low ermitage hea dT rail H
Fo rt Rd .
. Ave 153
nn ing Fwy .
To Fort Saskatchewan
Hoo ke Rd
2 CENTRAL PARK AT CLAREVIEW CAMPUS
5 village at schonsee
Developer: Genstar Development Co. Builders: Landmark Legacy, Park Royal Homes, Landmark Homes Location: 175 Avenue at 87 Street
Developer: Alldritt Development Ltd. Builder: Alldritt Homes Location: 144 Avenue & 36 Street
3 McCONACHIE LANDING
DEVELOPER: MLC Group/Cameron Communities BUILDERS: Lenaco Homes, Cameron Homes, Reid Built Homes LOCATION: North of 167 Avenue & East of 50th Street
Bon Accord Gibbons
Developer: Qualico Communities Builders: Pacesetter Homes, Daytona Homes Master Builder Location: 163 Avenue & 41 Street
Developer: Bedrock Homes Builder: Bedrock Homes Location: 5495 & 5497 Schonsee Drive
Developer: Walton Development and Managment L.P Builders: Jayman MasterBuilt, Innovations by Jayman, Sabal Homes, Morrison Homes, Royal West Homes, Carlisle Group Location: 167 Avenue and McConachie Way
7 College Woods at Lakeview
Developer: College Woods Development Inc. Builders: Entity Homes, Prominent Homes Ltd, Sehra Homes Location: 89 Street and 181 Avenue
ANTHONY HENDAY DRIVE
Lakeview is close to many schools, amenities, and wonderful trail systems.
Large walkout lots surrounded with green space with easy access to Anthony Henday Drive, 97th and 82nd street.
With luxury homes by the finest builders, College Woods at Lakeview is where you want to be.
College Woods at Lakeview 89 Street and 181 Avenue
88 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
Entity Homes 780-450-6686
Prominent Homes Ltd 780-761-0790
Sehra Homes 780-964-8881
“Your first step should be to determine how much you can afford while still maintaining your chosen lifestyle.” Create your wish list Determine what features in a home are need-to-have versus nice-to-have. Establish your down payment amount It’s helpful to establish an amount you are comfortable with prior to making your purchase. You’ll be glad to know that there are options available depending on how much of a down payment you can afford. Factor in your closing costs It helps to know up-front what your closing costs will be. When calculating closing costs, it’s fairly safe to assume you’ll need at least an additional 1.5 per cent of the purchase price. Get pre-approved for your mortgage If you are unsure you qualify for a mortgage or how much you qualify for, speak with a mortgage specialist who can see if you can pre-qualify, so you’ll know what your mortgage options will be. Understand your payment options Many homebuyers give more thought to interest rates than the mortgage solution itself. While rates certainly have to be considered, the different types of mortgages, various payment structures, terms and flexibility may have a much greater bearing on your overall costs of home ownership.
90 New home Guide | may 10 - jun 7, 2013
Consider unforeseen expenses ahead of time When you’re buying a home, especially for the first time, there are a number of related costs that you may not be familiar with, including: professional home inspection, lawyer fees, land transfer tax, property tax and property insurance. You also should take into account “one-time” costs, such as moving expenses, and ongoing costs like heating, electricity and water. Be realistic You may be under – or over – estimating how much you can afford for a home. Online mortgage calculators make it easier to estimate accurately, by providing you with information on the maximum mortgage payment amount you can afford each month. Love your new home Once you’ve received the keys to your new home, it’s time to sit back and enjoy every minute of being a new homeowner. For further advice and tips, visit the RBC Advice Centre at rbcadvicecentre.com and join the discussion on purchasing your first home on the RBC Facebook page at Facebook.com/rbcroyalbank NC
STILL 27 YEARS OF EXPERIENCE NEW SHOWHOMES OPENING NOW HOMEXX.CA
• Population: 60,994
se Dr. ero
He 'b er
Lacombe Dr. Gi r
rt St. Albe
Dr. on ibb y G Ra
1 . Rd B ge oudr ur eau . St Ave e. Rd. y n Av Ken ill r h Mc e c v r u Ri Ch on ton ge ns ur i t S W
d. o ux R
• Located: Just minutes northwest of Edmonton with great access to St. Albert Trail, Anthony Henday Drive and Hwy 2
eD idg nR Eri
a ist kV Oa
a Co eri
1 RH ESTATES IN KINGSWOOD 6 THE elements of erin DEVELOPER: Canterra Developments Corp. ridge BUILDERS: DiGiuseppe Interior Design, Open LOCATION: Poirer Ave, just off Sir Winston Churchill Ave.
2 Pinnacle Ridge Estates
DEVELOPER: Pinnacorp Investments Inc. BUILDERS: Homes by Design Innovation Inc., Heredity Homes, Davery Consulting & Custom Homes, Marco Antonio Homes, Kingsgate Homes Master Builder, Ironstone Homes, Alves Construction Inc., Caliber Master Builder Ltd., SamTon Homes Ltd., Open LOCATION: Sturgeon Road to Starkey Road and Bellerose Drive
3 Lacombe Park Estates
DEVELOPER: Genstar Development Co. UILDERS: OPEN B LOCATION: Giroux Rd. & Lacombe Dr.
4 North Ridge
DEVELOPER: Genstar Development Co. BUILDERS: Homexx Homes, Ironstone Homes, C2 Homes, San Rufo Homes, Vista Homes LOCATION: Northridge Dr. and Giroux Rd.
5 erin ridge
DEVELOPER: Landrex BUILDERS: Bedrock Homes, Daytona Homes Master Builder, Parkwood Master Builder, Gannet Homes Master Builder, 4 Pillar Homes LOCATION: Directly adjacent and north of Erin Ridge off Coal Mine Road.
7 RIVERSTONE POINTE
DEVELOPER: Riverstone Pointe Inc. BUILDERS: Heredity Homes, Homes By Design Innovations, Marco Antonio Homes, Kingsgate Homes Ltd Master Builder, Audie Benson Estate Home LOCATION: Sturgeon Road to Starkey Road, Right on Trestle Ridge Road
•S chools: 30 schools offering specialized programming including through Catholic, Public and Francophone school systems. Easy access to Post-secondary education by transit or roadway. •G rocery/Shopping: 8 grocery stores including all major grocery chains plus speciality organic stores. Full shopping amenities from independent to big box stores. • Recreation Facilities: 28 ball diamonds, 47 soccer/football fields, 4 Regulation Rugby Fields, 1 regulation BMX track, 7 pools, 3 NHL size hockey arenas, 2 indoor arenas and 27 outdoor ice surfaces, Arden Theatre, Historic sites, Art Gallery, Museum
TO MORINVILLE Twnship 544
•M edical Facilities: Sturgeon Community Hospital, 2 medical centres, St. Albert & Sturgeon Primary Care Network, plus other health practitioners. •P arks & Pathways: 85 km of the Red Willow Trail system connected all residents to the river valley. 76 city/ school playgrounds, and 2 dog friendly parks
Cultivate Family in St. Albert! http://movetostalbert.ca
8 GREYSTONE MANOR
DEVELOPER: VIP Development Group Of Companies BUILDERS: Open LOCATION: North on St. Albert Trail and turn right onto Coal Mine Road
9 Upper Manor Pointe
DEVELOPER: Upper Manor Pointe BUILDERS: Open LOCATION: Corner of Coal Mine Road & Starkey road
DEVELOPER: Qualico Communities BUILDERS: Daytona Homes Master Builder LOCATION: Coal Mine Road and Everitt Drive.
Where life revolves around loved ones. Move up. Stay close. Spacious new homes in the welcome and familiar surroundings of St. Albert. Northwest St. Albert is home to the vibrant, maturing, neighborhood of North Ridge. Combining that almost forgotten feeling of country nostalgia within a thriving city is what North Ridge is all about. Minutes from downtown St. Albert, North Ridge offers walking trails, parks and natural tree stands. Both naturalized storm water management lakes are surrounded by walkways with viewing plazas overlooking the lakes. St. Albert residents already know the benefits of this close-knit City; a family-friendly place built from a proud town heritage. The City of St. Albert is exceptionally well planned and offers three quality school systems, community walkways, a variety of lifestyle activities for youth and adults, as well as a prosperous business community. Ironstone Homes, Homexx Homes, San Rufo Homes, C2 Homes and Vista Homes have a great selection of single family homes to choose from starting from the low $400,000. With easy access via Ray Gibbons Drive, low interest rates, excellent choice of builders and great selection of lots, there has never been a better time to make your move to the family friendly community of North Ridge.
Visit our show home builders today!
Grand Opening Saturday, June 15 $500 â€œPromâ€? Dollars to giveaway
(can be redeemed in downtown St. Albert) 94 New home Guide | may 10 - jun 7, 2013
Only three public lots left. Visit Show Homes by: C2 Homes: 780.934.4979 Homexx Homes: 780.472.3307 Ironstone Homes: 780.458.9515 San Rufo Homes: 780.470.4070 Vista Homes: 587.290.2293 New show homes coming in May!
may 10 - jun 7, 2013 | New home Guide 95
Get involved with Sage! Sage is a non-profit seniorsâ€™ serving organization, offering a wide range of programs that enhance the quality of life for seniors in Greater Edmonton. Get involved with Sage! Take advantage of the many resources, programs and services. Explore a variety of volunteer opportunities. Consider supporting at-risk seniors by making a charitable donation. Sage has been serving seniors in your community for over 40 years. 96
Visit www.MySage.ca or call 780-423-5510!
Where Your Dream Home Awaits
PURCHASE LOTS DIRECT FROM THE DEVELOPER
Regency Heights Estates is an established single family community of prestigious homes edged by mature trees and a large conservation area. Close to the Sturgeon River, Red Willow Park and Servus Place. Our strict architectural controls will protect your investment. Select your lot and builder. Variety of lots to choose from, including lots backing onto walkways and park.
St. Albert Tr ail
hill urc Ch
Wi nst on
SHOW HOME NOW OPEN
HELLEN BUTTIGIEG Hellen Buttigieg, CPO, is a Certiﬁed Professional Organizer, life coach, TV host, author and owner of We Organize U. Visit her website, weorganizeu.com, for a free e-Book on how to ﬁnd more time, energy and inner peace. Contact Hellen at 905.829.2219 or firstname.lastname@example.org
of reality by HELLEN BUTTIGIEG
YOU WANT EVERYTHING TO FIT AWAY NEATLY, DISPLAY
perfectly and know exactly where everything is when you need it. That’s what being organized is all about. But is that realistic? Each space, each person and each system is different. What worked for some may not work for you. You may have limitations on space or be too overwhelmed by stuff for a quick fix. The demands on your lifestyle and your family’s needs may outweigh the space in your home. Being organized doesn’t happen overnight and it doesn’t have a finish line. Getting organized is a process, learn what works for you. Keeping it real. You’ll never get organized. Read that again. Yes, that’s what I said. You’ll never get organized because being perfectly organized is not a realistic expectation. Just to be clear, organization is not a destination. You don’t just wake up one day and find that you’ve arrived. It’s a process - a work in progress. So if you are judging yourself against unrealistic expectations, or holding back on pursuing a goal because you are waiting until you ‘get organized, once and for all’, perhaps it’s time to look at things differently. Instead of trying to get organized, strive to become more and more organized every day. Doesn’t that feel more attainable? Instead of feeling stuck, you’ll be able to take a step forward.
closets. In fact, it’s probably blocking your prosperity. Let go of what you don’t need to make room for new things to come into your life. Plan before de-cluttering. Before beginning any de-cluttering project, determine in advance how you will dispose of the items you no longer want. If you have valuable pieces and would like to sell them, decide whether you will do this yourself or hire someone to do it for you. If you would like them to go to charity, which one and where are they located? Some charities will pick up, so call them to find out when they will be in your area. It’s not until those boxes and bags leave your home that you will reap the full rewards of de-cluttering. Planning in advance will curb procrastination and ensure full completion of the task.
Instead of trying to get organized, strive to become more and more organized every day.
Use your instincts. Are you surrounded by piles of papers on your desk, your floor and any other flat surface in your office? Don’t fight your instincts, work with them. Rather than trying to adapt to traditional ways of filing, like using a lateral filing cabinet, use horizontal methods instead. Use stacking trays or literature sorters, which can be placed on your desk or installed on the wall. Now label them with the categories you use most. It will be easier to adapt to filing papers when you don’t have to change your piling habit.
Let go and let it flow. Are you holding on to things that you’ll never use again? Very often people unconsciously jam their homes full of stuff because the sheer volume gives them a feeling of comfort and security. If you are operating from a need for abundance, remember that your success as a person has nothing to do with all the outdated or rarely used stuff overflowing from your
98 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
Feeling stuck? If you find yourself backsliding when it comes to maintaining your organizing systems, don’t berate yourself, as this will sap your energy and prevent you from doing anything about it. Rather than dwelling on what went wrong, focus instead on what needs to be done. Just say “oops” and move on to taking action.
132 Ave. 127 Ave.
1 CASTLEBROOK MEADOWS DEVELOPER: Concept Realty BUILDERS: Concept Homes LOCATION: 179 Ave. & 104 St.
DEVELOPER: Canterra Developments Corp. BUILDERS: Open, Urbanity Homes LOCATION: 110 St. & 176 Ave.
3 HAWKS RIDGE AT BIG LAKE
DEVELOPER: Walton Development and Managment L.P BUILDERS: Sabal Homes, Montorio Homes, Morrison Homes, Reid Built Homes LOCATION: North of Yellowhead Trail on 215 Street
Kin gs wa yA ve. 111 Ave.
DEVELOPER: United Communities BUILDERS: OPEN LOCATION: North corner of 127th Street & 195 Avenue
9 PALISADES 109 St.
To Spruce Grove & Stony Plain
DEVELOPER: Reid Worldwide Corporation BUILDERS: Fekete Homes, Rococo Homes LOCATION: backing onto Lois Hole Provincial Park at Big Lake
8 TUSCANY HILLS & UPPER TUSCANY
Anthony Henday Dr.
il Tra ert Alb St.
162 Ave. 153 Ave. 121 St.
167 Ave. 127 St.
DEVELOPER: Qualico Communities BUILDERS: Sterling Homes, Pacesetter Homes, Coventry Homes, Reid Built Homes, LOCATION: North of 167 Avenue & East of 127th Street
195 Ave. 176 Ave. 1 10 2 171 Ave.
An th on yH en da yD r.
215 St. (Winterburn Rd.) Ray Gibbon Dr.
To St. Albert
6 NEWCASTLE 8
4 VILLAGE AT GRIESBACH
DEVELOPER: Canada Lands BUILDERS: Homes by AVI, Dream Homes by Krisner, Coventry Homes, Landmark Legacy Homes, Greenboro Homes, Pacesetter Homes, Abbey Lane Homes, Christenson Developments LOCATION: 137 Avenue North On 97 Street West on Griesbach Road
5 TRUMPETER BY BIG LAKE
DEVELOPER: United Communities BUILDERS: Estate Homes- Fekete Homes, Montorio Homes Classic Homes- Homes by Avi, Sabal Homes, Montorio Homes, Sterling Homes Duplex- Rohit Communities, Homes by Avi. Townhomes- Rohit Communities. LOCATION: North on Anthony Henday Drive, West at 137th Ave. and 199 St.
DEVELOPER: MLC Group BUILDERS: Bedrock Homes, Landmark Communities, Landmark Homes, Landmark Legacy LOCATION: South of 167th Avenue & East of 139 Street
10 LEGACY POINTE
DEVELOPER: Concept Realty BUILDERS: Concept Homes Master Builder LOCATION: 18230 - 104A Ave.t
11 LEGENDS ESTATES
DEVELOPER: Kingsgate Homes Legends Estates Ltd. BUILDERS: Kingsgate Homes, open LOCATION: Highway 16 & Highway 44
12 STARLING AT BIG LAKE
DEVELOPER: Rohit Land Development BUILDERS: Celebration Homes, Kirkland Homes, Green Living Homes, Rohit Communities LOCATION: North on Anthony Henday Drive, take Ray Gibbons Drive, left on 137 Ave
Green Living Homes • Walk-out lots available! • Homes are built to BuiltGreen standards • Customization available! Green Living Homes works to promote and achieve excellence in design. We build creative, beautiful, eco-friendly, energy efficient and functional homes that improve the quality of life for families with a continued commitment and respect for clients, staff, community and the environment. The team has over thirty years of experience developing housing projects that are one-of-a-kind designs loaded with architectural impact and a keen eye for the details. The philosophy is simple and is reflected in the company’s work ethic: socially responsible building practices.
Contact Francis at 780-699-1616 Visit the showhome parade located at 137 Ave & Ray Gibbon Drive Edmonton Awards of Excellence winner for best showhome parade!
Additional Showhomes Now Open: Kirkland Homes 780-906-1033 Celebration Homes 780-901-0326
Rohit Communities 780-938-5478 Cameron Homes Coming Soon! 780-242-8774
104 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
may 10 - jun 7, 2013 | New home Guide 105
DONATE TODAY. STOLLERYKIDS.CA With your support, the Stollery Childrenâ€™s Hospital Foundation is able to provide life-saving equipment, research that paves the way for new treatments and cures, medical innovations and specialized training, so that every child has the chance to go home again.
106 New home Guide | may 10 - jun 7, 2013
Y IT E N M N BA HO PE UR OW O SH OW N
BUY LOTS DIRECT FROM THE DEVELOPER w
N 99 S t
• Large walkout lots backing onto the lake • Building pockets from 34 to 52 ft • Choose your own Builder
107 NEW HOME GUIDE | AUG 5 - SEP 2, 2011
Castlebrook is an architecturally controlled neighbourhood which protects the value of your investment.
Phone Margot Paull at 780-414-1662
Changing Your Address? Plan Ahead… There Always is the Chance That Something May be Overlooked!
As soon as possible… notify individuals, companies and institutions that your address will be changing, either by phone or by mailing the change-of-address cards from your post office. The following checklist will serve as a convenient reminder: ❏ Accountant ❏ Alumni Association ❏ Attorney ❏ Banks
❏ Lending Institutions
❏ Credit Cards
❏ Magazine / Newspaper Subscriptions
❏ Driver’s License
❏ Place of Worship
❏ Revenue Canada
❏ Frequent Flyer Program
❏ Catalog Merchants
❏ Insurance Companies 108 New home Guide | may 10 - jun 7, 2013
❏ Investment Companies
DEVELOPER: Touchmark BUILDERS: Phase 1: Westhill Construction Ltd. Phase 2: Celebration Homes LOCATION: 183 St & Lessard Road
DEVELOPER: The Grange South West Property Corporation BUILDERS: Open LOCATION: Hemingway Rd. & 199 Street (between 45 Ave. & 62 Ave.)
8 CAMERON HEIGHTS 35 Ave.
1 LEWIS ESTATES
DEVELOPER: Cameron Heights Joint Venture BUILDERS: Canyon Spring Master Builder, Hillview Homes Master Builder, Landmark Homes, Darren’s Homes, Classic Landmark Homes, Pacesetter Homes, Kanvi Homes, Marcson Homes, Look Homes LOCATION: South on Anthony Henday to Cameron Heights Drive.
DEVELOPER: Lewis Estates Communities Inc. BUILDERS: ReidBuilt Homes, Challenger Homes, Landmark Homes, Western Living Homes, Canyon Spring Master Builder, Marquee Homes, Paulmac Developments, Lincolnberg Homes, Lincolnberg Communities MEADOWLANDS ESTATES Homexx Corporation, Western Living Homes,Canyon Spring Master Builder, Stonegate Developments MEADOWLANDS Encore Master Builder, Landmark Legacy Homes, Lincolnberg Homes SUDER GREENS Reid Built Homes, Challenger Homes, Landmark Homes, Hillview Homes LOCATION: West of Anthony Henday on 87th Ave.(Webber Greens Dr.) WEBBER GREENS Estate Homes-Western Living Homes, Canyon Spring Master Builder, Marquee Homes, Move-Up Homes-Landmark Homes, Challenger Homes, Reid Built Homes
DEVELOPER: Reid Worldwide Corporation BUILDERS: ReidBuilt Homes LOCATION: Corner of Lessard Road & 180th Street
3 THE PROPERTIES OF DONSDALE
DEVELOPER: Alldritt Land Corporation LP BUILDERS: Open LOCATION: 178 Street south to Lessard Road turn on Danbury Boulevard & follow the signs
DEVELOPER: Brookfield Residential BUILDERS: Daytona Homes Master Builder, Parkwood Master Builder, Park Royal Homes, Landmark Homes, Canyon Spring Master Builder, Brookfield Homes, Sterling Homes, Classic Communities. LOCATION: 199 Street & 62 Avenue (Callingwood Rd)
5 HAMPTON TERRACE
DEVELOPER: Qualico Communities BUILDERS: Rohit Communities, Sterling Homes LOCATION: Lessard Road & 199 Street
FriendlyIS IN OUR
N��e t� M��t y�U
9 HAMPTON POINTE
DEVELOPER: Beaverbrook Developments BUILDERS: MacLachlan & Mitchell Homes, Bedrock Homes, Dolce Vita Homes LOCATION: Take Anthony Henday, turn West on Lessard Road.
DEVELOPER: Alldritt Land Corporation LP BUILDERS: Alldritt Homes, Bedrock Homes, Crimson Cove Homes, Infiniti MasterBuilt, Kanvi Homes, Kimberley CustomBuilt, Pacesetter Homes, Parkwood Master Builder, San Rufo Homes LOCATION: SW corner of Whitemud Dr. and Guardian Rd.
DEVELOPER: Hopewell Residential Communities BUILDERS: Daytona Homes Master Builder, Innovations by Jayman, Jayman MasterBUILT, Prominent Homes, Sabal Homes LOCATION: North of Whitemud Dr. on 215 Street
12 WOODHAVEN -EDGEMONT DEVELOPER: Walton Development and Management LP BUILDERS: Montorio Homes, Coventry Homes, Sabal Homes, Pacesetter Homes LOCATION: 199street and 35 ave
C E L E B R AT E
Life in Bloom in Hampton Pointe!
Join us for a day of fun. Enjoy an outdoor cooking demo and learn some great grilling tricks, while kids enjoy face painting and a balloon artist. Enter for your chance to win a backyard gift package that includes Pur Living patio furniture and a new BBQ. TO WEM
ANTHONY HENDAY DR
time 12-4 pm Place Hampton Pointe
Date Sunday, May 26
WINTERBURN ROAD (215 sT)
R A ss D. LE R
Take Anthony Henday to Lessard Rd. Turn South on 199 St.
Homes starting from the $370â€™s Please see showhomes for full contest rules. Draw will take place on May 26, 2012.
Webber Greens Dr
Suder Greens Dr
Lewis Estates Blvd
Come visit us today! Take Anthony Henday then West on Webber Greens Dr.
Estate Living COME SEE OUR
SHOWHOMES Western Living Homes – 780-756-7548 Canyon Spring Master Builder – 780-496-9535 Marquee Homes – 780-758-5184
STARTER HOMES ReidBuilt Homes – 780-758-5184 Landmark Legacy Homes – 780-702-8923 Encore Master Builder – 780-758-7688 Lincolnberg Master Builder – 780-430-8445 and 780-431-8853 (duplexes)
Move-up Homes COME VIEW OUR
NEW NEIGHBOURHOOD Look Homes Master Builder – 780-756-2461 ReidBuilt Homes – 780-758-5184 Challenger Homes – 780-443-4633 Landmark Homes – 780-701-3077
SHOWHOME HOURS: Monday to Thursday – 3pm to 8pm | Saturday, Sunday & Holidays – Noon to 5pm | Closed Fridays
Integrity in Real Estate since 1923
MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 113
Just Released Stage 3B Lots Now Available! Alldritt land Corporation is pleased to announce the release of new lots in stage 3b. stage 3b consists of 84 single family lots, with building pockets ranging from 26 to 32 feet. stage 3b is located at the south end of the 305 acre Granville neighbourhood, with access off 62nd Avenue and Hemingway road. Please visit our show homes in stage 1 at the corner of Guardian road and Whitemud drive for more information.
Modern Style Living With Traditional, Classic Charm. Whitemud Dr.
DUPLEX SHOWHOMES SHOWHOMES
n Rd .
199 St. Nw
Anthony Henday Dr.
Winterburn Rd. (215 St. Nw)
Edmonton Marriott At River Cree Resort
only a handful of single family stage 1, 2A and 3A homes and lots remain.
2b duplex lots just released (no condo fees), some with walkouts. 5A estate lots also available. estate show homes open summer 2013. some homes available for immediate occupancy.
Come Home to Granville!
Font: The Sans - Sans Caps Colours: black + PMS 484
WWW.MYG R ANVI LLE.COM Proudly Presented by An Alldritt GrouP ComPAny
WAY R HEMING
ANTHONY HENDAY DRIVE
116 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 117
heat up your
kitchen with colour by lisa canning
pliance Canada showroom is a beautiful tool. The range heart of the home – and in my home and hood can be coloured in a multitude of vibrant hues it’s a colourful one. I am currently em- including: fire engine red, cobalt blue, and goldenrod yelbarking on a full kitchen renovation low. Additionally, the knobs and handles can be customized where introducing colour will play a in various metal finishes. Also consider colour on the inlarge role. While ensuring the kitchen terior of your major appliances. Electrolux’s appliance is in keeping with the interiors come in a bright blue hue that colour palette of the rest In a more modern not only looks great when opened, but of my house, (greys and kitchen, the sky’s assists in the performance of warming and blues) I’m hoping to do a the limit – bright cooking. Finally, to make washing your few unexpected things to and bold cabinets dishes an invigorating experience, Kohler keep the kitchen modern can be a great has partnered with colour guru Jonathan and playful. Similar to fit for a more Adler in a line of eye-catching cast iron many of my residential cli- modern space. kitchen sinks sure to create a stunning ents, my husband and I statement. differ on the amount of colour to be Cabinetry is another area where colour can make a used as we both have a different large impact. While beige and brown are beautiful classic threshold (mine large, his smaller). choices, navy blue, forest green and rust orange can retain But luckily, there are many options a traditional aesthetic while introducing a new colour to available on the market today to satiate your palette. In a more modern kitchen, the sky’s the one’s taste for colour in the kitchen, limit – bright and bold cabinets can be a great fit for a more both large and small. modern space. For colour-embracing cooks, the While committing to colour on a grand scale is not for Viking range available at the new Ap- everyone, there are easy ways to introduce punches of colour they say the kitchen is the
118 New home Guide | may 10 - jun 7, 2013
C O N T I N U E D on p a g e 1 2 6 . . .
YOU KNOW IT’S
Pacesetter Homes – 780.960.5104
Townhomes, Duplex and Single Family
Look Homes Master Builder – 780.571.1853 Duplex and Single Family
Bedrock Homes – 780.571.1731 Duplex and Single Family
New Showhomes. Showhome Hours Monday to Thursday: 3-8 pm Friday: Closed Saturday, Sunday and Holidays: 12-5 pm
Suzy always wanted to be a homemaker
Get the hands-on training you need to get into the trades. Our industry-recognized programs are delivered in a supportive learning environment so that you can start to build your future now. Visit us at
120 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
8 Hawthorne Gate
Spruce Ridge Dr.
1 Grove Dr.
Woodhaven D r.
McLeod Ave. Highway 16A
16 Jubilee Park
Spruce Ridge Road
Jennifer Heill Way
McLeod Ave. To Edmonton
• POPULATION: 21,500. • LOCATED: 11 km west of Edmonton on Hwy 16 or 16A. • SCHOOLS: 9 Public & Separate Schools. • GROCERY: 11 Grocery/ Convenience stores, Safeway, IGA Garden Market, The Real Canadian Superstore & Walmart. • RECREATIONAL FACILITIES: Twin Ice Arena, Curling Rink, Golf Course, TransAlta Tri Leisure Centre, many soccer fields and baseball diamonds. • MEDICAL FACILITIES: Member of the West View Regional Health Authority with almost 50 Medical & Dental practitioners. • PARKS & PATHWAYS: 15+ km of pathways spread throughout 230 hectares of natural & developed park space.
7 PARKLAND VILLAGE
12 HILLS OF TWIN LAKES
2 VANDERBUILT COMMON
8 HAWTHORNE AT HEATHERGLEN
13 DEER PARK ESTATES
DEVELOPER: Robson Developments Ltd. BUILDERS: Challenger Homes LOCATION: Grove Drive & King Street DEVELOPER: SG Developments BUILDER: MacLachlan & Mitchell Homes LOCATION: Century Rd & Viscount Common
DEVELOPER: Melcor Developments Ltd. BUILDERS: Canyon Spring Master Builder, Stonegate Developments, Western Living Homes. LOCATION: Longeview Drive & Fairway Drive
4 HARVEST RIDGE
DEVELOPER: Lamont Land Inc. BUILDERS: Homexx Corporation, Montorio Homes LOCATION: Campsite Rd. & Grove Dr.
5 SPRUCE VILLAGE
DEVELOPER: Beaverbrook Developments BUILDERS: Alquinn Homes, Cove Properties, Hillview Homes, Open LOCATION: Century Road & Grove Dr.
DEVELOPER: Jesperdale Communities BUILDERS: ReidBuilt Homes, Encore Master Builder, Look Homes, Kimberley Homes LOCATION: North of Grove Drive.
DEVELOPER: Parkland Village BUILDERS: Country Hills Homes LOCATION: Yellowhead Trail West To Century Rd, North 2 min.
DEVELOPER: Qualico Communities BUILDERS: Alquinn Homes, City Homes. LOCATION: North of Hwy 16A on Jennifer Heill Way, East on Hawthorne Gate
9 SPRINGATE AT SPRUCE RIDGE
DEVELOPER: Qualico Communities BUILDERS: Sterling Homes, Sterling Squared, Alquinn Homes LOCATION: On Jennifer Heil West of Tri-Leisure Center
DEVELOPER: Beaverbrook Developments BUILDERS: Western Living Homes, Dolce Vita Homes, Alquinn Homes, Cami Comfort Homes, MacLachlan & Mitchell Homes LOCATION: Grove Drive & Pioneer Road
DEVELOPER: Melcor Developments BUILDERS: Bedrock Homes, Look Homes, Pacesetter Homes LOCATION: Westgrove Drive and McLaughlin Drive
DEVELOPER: Dyrbye Developments Ltd. BUILDERS: Open LOCATION: 2 miles North of Yellowhead Trail on highway 779 & 1.5 miles West on twp road 534 DEVELOPER: Broadview Developments Inc. BUILDERS: Rococo Homes, Alta Rose Homes, Evani Homes, Lang Built LOCATION: Grove Drive and Jennifer Heil Way
14 KENTON VILLAGE
DEVELOPER: Beaverbrook Developments BUILDERS: Alquinn Homes, and Urbanage Homes LOCATION: Century Road, South of Highway 16 at Vanderbilt Common
15 THE WOODS AT KENTON
DEVELOPER: Beaverbrook Developments BUILDERS: Alquinn Homes, and Hillview Master Builder LOCATION: Century Road, South of Highway 16 at Vanderbilt Common
DEVELOPER: Beaverbrook Developments BUILDERS: Averton Homes & MacLachlan & Mitchell Homes LOCATION: Grove Drive, East of Century Road
As Alberta’s 11th city, Spruce Grove is your city in the “country”. The place to live....naturally. for more information call (780) 962-7612 or visit our website at www.sprucegrove.org
LAKESIDE NATURAL WALKOUT LOTS .com
LIMITED TIME PRICES
For More Information:780-910-8606 or see website www.HillsofTwinLakes.com
2-6 ACRE LOTS STARTING AT
ON-SITE SALES CENTRE OPEN WEEKENDS 1-5PM | PARKLAND’S MOST BEAUTIFUL NEW SUBDIVISION 121
SP MO EC V E S IN AV T AI OD LA A BL Y E
brownstones to make your friends
green with envy Don’t miss your chance for $5000 in free upgraDes for a new Brownstone. After all, what’s not to admire about stylish living only steps away from Jubilee Park? But don’t worry. Once your friends step inside your impeccably designed Brownstone, they’ll come around. In fact, you may even have to start calling them “neighbour”. Explore homes starting at just $269,000. Visit greenbury.ca today.
GREENBURY.CA greenbury.ca 122 New home Guide | may 10 - jun 7, 2013
13-04-30 5:02 PM
“What you do with the thousands you save is your business, our business is to make it happen”
NOW OPEN IN GREENBURY 20’ X 20’DETACHED GARAGES
INCLUDED ON THE 6 REMAINING LOTS IN PHASE 1, SAVING YOU UP TO $15,000
showhome 6 Greenbury Close
“Comfort” features including granite, hardwood, window coverings, boastable kitchens, rear double garages, soft corners, 6 appliances, interior personalization options, timeless architecture. -- $1000 gets you building
CAMI can create thousands of dollars in real savings through added value, improved equity gains, better re-sale values and creative terms. Our business is your Comfort and we want you to be COMFORTABLE. Highway 16 G
Grove Dr. Calahoo Rd.
Monthly payments from $1680 and options to save you up to $25,000 in interest over the life of your mortgage
Call Dorland King at 780-722-2420(Cell), 587-286-2144 (Show Home) Highway 16A email@example.com camicomforthomes.ca Showhome hours 3-8PM Mon- Thurs, 12-5PM Sat, Sun, Holidays Monthly payment factor includes house, lot, GST. 3.5%/25 year amortization
FI N A 70 O LP VE HA % SE SO R O L N SA D LE N O W
MOVE INTO A NEW HOUSE FOR LESS THAN RENT
MORTGAGE PAYMENTS LESS THAN $1200 PER MONTH
VANDERBILT • 3 bedroom • 2 1/2 baths • Landscaping • Back deck • Gas fireplace • 4 appliances • Attached garage • Walkouts available Starting from mid
Include house, lot & GST
19-85 Spruce Village Drive W SPRUCE GROVE Mon-Thurs 4-8pm Sat/Sun Noon-5pm
Contact us today
*Visit showhome for details.
For more information visit
www.macmitch-homes.com 124 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
SPRUCE GROVE Just down the street from the Tri Leisure Centre, great schools, stores, restaurants and more. Enjoy amenities with all the ﬁxin’s in the comfort of your own community. With so many recreation options so close to home, you’ll have time to play too. Duplex style homes start from the mid $270s*. Front attached garage homes start from the mid $300s*. FEATURING:
Sterling Homes – 780-962-3212 Alquinn Homes – 780-903-3095
S P R I N G A T E S P R U C E G R O V E .C O M
*Prices subject to change
Single Family | Duplex
JOIN US FOR A FREE FAMILY BBQ ON
Saturday, May 11 & Saturday May 18, 12 - 2pm Hot dogs and pop will be served.
North on Calahoo Road
MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 125
Lisa Canning is a designer and owner of Lisa Canning Interiors. lisacanning.ca, 416.587.9780
in smaller doses. The Bodum Bistro Toaster comes in a variety of bright hues and can be coordinated with their equally vibrant kettles, blenders and juicers. The Kitchen Aid stand mixer is another countertop appliance that comes in a variety of hues to suit your taste. Coordinating these smaller appliances with your dishtowels, serving ware or flower vases is another way to add a small punch and retailers like Bouclair make it simple to purchase accessories by organizing their merchandise by colour. I’m approaching choosing colours for my own kitchen renovation in a similar manner to the way I assist my clients. I’m asking the questions: “Will this colour make me feel great to come home to? Will the overall look enhance my quality of life?” I look forward to using colour to put my own personal stamp on my new kitchen, and create a colourful space my family will enjoy for years to come.
126 New home Guide | may 10 - jun 7, 2013
1 7 Genesis Drive
Genesis Lake Blvd.
1 THE FAIRWAYS
6 SPRING LAKE RANCH
2 GENESIS ON THE LAKES
DEVELOPER: Reid Worldwide Corporation BUILDERS: ReidBuilt Homes LOCATION: Fairway Drive DEVELOPER: Unitech Construction Services Ltd. BUILDERS: Ashton Homes, Caribbean Homes, Fox Maple Homes, Innova Homes, Sierra Homes, Stellar Homes LOCATION: South off highway 16A onto Highway 779 (also known as 48 Street)
3 LAKE WESTERRA
DEVELOPER: Qualico Communities BUILDERS: Coventry Homes, Sterling Homes LOCATION: Golf Course Rd. & 79 Ave.
DEVELOPER: Qualico Communities BUILDERS: ReidBuilt Homes LOCATION: South on Boundary Rd at 44th Ave.
DEVELOPER: Wilcor Development Group BUILDERS: Wilcor Homes, Open LOCATION: Spring Lake Exit off of Hwy 16A & Range Road 15 DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Alquinn Homes LOCATION: South of Fairway Drive & West of Boundary Road
8 THE ESTATES AT WATERS EDGE
DEVELOPER: Waters Edge Developments BUILDER: Waters Edge Developments LOCATION: Only 20 mins West of Stony Plain On Hwy 43 at Gunn & Just 35 mins West of St. Albert on Hwy 37 located on the North Shore of Lac Ste Anne
9 HILLS OF TWIN LAKES
DEVELOPER: Dyrbye Developments Ltd. BUILDERS: Open LOCATION: 2 miles North of Yellowhead Trail on highway 779 & 1.5 miles West on twp road 534
10 WILLOWS END
DEVELOPER: Jaffer Developments BUILDER: Jaffer Developments LOCATION: 48 Street and Willow Park Road North
• POPULATION: 10,544 and Growing. • LOCATED: 20 km west of Edmonton on Hwy 16A • SCHOOLS: 4 Kindergarten to grade nine, Senior high, French Immersion & including 2 Religious schools. • GROCERY: Extensive with new Big Box National Outlets 2 km to the east of town. • RECREATION FACILITIES: New tri-municipal recreation complex east of town. 18 hole CPGA Championship Golf Coarse, curling, skating, library, Municipal Heritage Centre, Heritage Walk of Murals. • MEDICAL FACILITIES: New 70 bed acute & extended care hospital. Full ambulance services. 3 Medical Clinics. • PARKS & PATHWAYS: Extensive, including 12 km of pathways, watercourses & Lions campground.
PUBLIC SCHOOLS • FOREST GREEN 5210 - 45 Street 963-7366  • HIGH PARK 40 Highridge Way 963-2222   • MEMORIAL COMPOSITE 5116 - 55 Avenue 963-2255  • MERIDIAN HEIGHTS 4119 - 43 Street 963-2280  • STONY PLAIN CENTRAL 5108 - 55 Avenue 963-2203 
SEPARATE SCHOOLS • JOHN PAUL II 5801 - 48 Street 963-2526 
PRIVATE SCHOOLS • ST. MATTHEW LUTHERAN 5014 - 53 Avenue 963-2715  Elementary K-6  Junior High 7-9  High School 10-12
Here’s what you can do to Recycle, Renew and Reuse • Keep your car in good working order. Tune-ups and filter changes cut down on exhaust emissions, and you’ll get better gas mileage. When you change your oil, take your used motor oil to a recycling centre. • Use available transit alternatives. • Separate your garbage. Glass, aluminum, paper and even plastic can be recycled. If a recycling program is not directly available to you, contact your municipal sanitation department. • Donate reusable clothing and linens to charity. Most pick-up regularly in your area. • Become environmentally active in your community. You can make the world a better place to live... now and for future generations.
18 New 128 Newhome homeGuide Guide||apr may12 10- -may jun10, 7, 2013
MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 129
Home Builders Alldritt Homes Artisan Homes Inc. Bedrock Homes Brookfield Homes Caliber Master Builder Cameron Homes Inc. Canyon Spring Master Builder Carriage Signature Homes
www.artisancommunities.ca www.bedrockhomes.ca www.buildwithbrookfield.com www.calibermasterbuilder.ca www.cameronhomes.ca www.canyonspringhomes.com www.carriagesignature.com
Cobblestone Master Builder
Compass Rose Homes Inc. Country Hills Home Sales
Daytona Homes Master Builder
Dolce Vita Homes LP
Effect Home Builders
Encore Master Builder Fekete Homes Green Living Homes Gannet Homes Master Builder Homes by Avi Homes by Santos Construction Homexx Corporation Impact Homes Innovations by Jayman
130 New home Guide | may 10 - jun 7, 2013
www.encoremasterbuilder.com www.feketehomes.ca www.greenlivinghomes.ca www.gannethomes.com www.homesbyavi.com www.santoshomes.ca www.homexx.ca www.impacthomes.ca www.jayman.com
Jayman MasterBUILT Kanvi Homes Kensington Homes Master Builder Kimberley Homes Kingsgate Homes Ltd Master Builder Landmark Group of Builders Lincolnberg Master Builder MacLachlan & Mitchell Homes Maple Isle Homes Marco Antonio Homes Montorio Homes Pacesetter Homes Parkwood Master Builder Perry Signature Homes Inc.
www.jayman.com www.kanvihomes.com www.KensingtonCustom.com www.buildwithkimberley.ca www.kingsgatehomes.ca www.landmarkgroup.ca www.lincolnberg.com www.macmitch-homes.com www.mapleislehomes.ca www.marcoantoniohomes.com www.montorio.ca www.yourpacesetter.com www.parkwoodmasterbuilder.com www.perryhomes.ca
Rococo Homes Rohit Communities Rosecroft Custom Homes Sabal Homes San Rufo Homes
www.rococohomesinc.ca www.rohitcommunities.com www.rosecroftcustom homes.com www.sabalhomes.com www.sanrufohomes.com
S2 Squared by Sterling Homes
Sterling Homes Edmonton Ltd.
Urban Living by Landmark
Urbanity Custom Homes Ltd. Walker Developments
OUR HOMES COME IN A WIDE VARIETY of wide varieties
Duplexes & Townhomes
www.urbanityhomes.com www.walkerdevelopments.ca Rear - Detached Garage Homes
White Eagle Homes Ltd
Front - Attached Garage Homes
www.landmarkgroup.ca may 10 - jun 7, 2013 | New home Guide 131
13-01-07 11:16 AM
Developers/Communities Allard in Heritage Valley by MLC Group / JCA Financial Allard Heritage Valley by United Communities
Alpine Ridge in Terrace Heights by Qualico Communities Ambleside in Windermere Aurora by Melcor Developments Beaverbrook Developments Brintnell by Qualico Communities
Brookfield Residential Callaghan by Rohit Land Development Cameron Communities Cameron Heights Canada Lands Company Canterra Developments Corp. Chappelle Gardens
www.amblesidewindermere.ca www.auroraedmonton.com www.beaverbrook.ca www.brintnelledmonton.com www.brookfieldrp.com www.liveincallaghan.com www.cameroncommunities.ca www.cameronheights.com www.villageatgriesbach.com www.canterradevelopments.com www.chappellegardens.com
Ellerslie Heights by United Communities Forest Ridge by Qualico Communities
Foxboro by Qualico Communities Genstar Development Company
132 New home Guide | may 10 - jun 7, 2013
Glenridding by United Communities
Granville by Alldritt Land Corporation
Greenbury by Beaverbrook
Griesbach by Canada Lands
Hampton Pointe by Beaverbrook
Hampton Terrace by Qualico Communities www.hamptonterraceedmonton.com Hawks Ridge at Big Lake Hills of Twin Lakes
Hopewell Residential Communities
Keswick on the River by MLC Group
Jagare Ridge by Melcor Developments
Jesperdale by Melcor Developments
Kenton Village by Beaverbrook LakeWesterra by Qualico Communities
Langdale in Windermere by Qualico Communities www.langdale-windermere.com Larch Park by Melcor Developments Laurel Crossing by Qualico Communities
Laurel by Dundee Developments
Maple Crest by Dundee Developments
McConachie Landing by MLC Group/Cameron Dev Corp www.mcconachie-landing.com McConachie by Walton Development & Management L.P. McLaughlin by Melcor Developments Meadowview Park by Qualico Communities Melcor Developments Ltd. MLC Group
www.livemclaughlin.com www.meadowviewparkleduc.com www.melcor.ca www.mlcland.com
YOUR PERFECT HOME!
www.villageatgriesbach.com may 10 - jun 7, 2013 | New home Guide 133
Developers/Communities Montalet by United Communities
Montreux by Qualico Communities
Newcastle by Qualico Communities
ONE at Windermere
Palisades by MLC Group
Prescott by Beaverbrook
Ravines of Devon by Qualico Communities
Ravines of Richford by Rohit Land Development Reid Worldwide Corporation
Robinson by Beaverbrook
Rosenthal by Melcor Developments
Ruisseau by Qualico Communities Rutherford Heights
Secord by Hopewell Developments
Sienna by Qualico Communities
Silverstone by Qualico Communities
Southcreek by Qualico Communities
South Pointe by MLC Group
Spring Lake Ranch
Springate at Spruce Ridge
Spruce Village by Beaverbrook
Starling at Big Lake by Rohit Land Development Stoneshire by Melcor Developments Strata Developments Summerside by Brookfield Residential
134 New home Guide | may 10 - jun 7, 2013
www.StarlingAtBigLake.com www.livestoneshire.com www.stratadevelopments.ca
Summerwood by Qualico Communities
Tamarack by Dundee Developments
The Estates at Waters Edge
Tribute by Qualico Communities
Trumpeter by United Communities
Tuscany Hills by United Communities
Upper Windermere by Beaverbrook
Walker Lakes North by MLC Group / Cameron Dev Corp
Walker Lakes Station by MLC Group / JCA Financial www.walkerlakes-station.ca Walker Summit by United Communities
Walton Development and Management L.P.
Windermere Ridge by Beaverbrook
Windrose Woodhaven - Edgemont
The Woods at Kenton by Beaverbrook
Related Business Canadian Home Buildersâ€™ Association - Alberta Edmonton Custom Decks Edmonton New Home Information Edmonton New Home Guide Shanes Landscaping and Contracting Ltd.
www.edmontoncustomdecks.com www.new-home.com www.hometrader.ca www.shaneslandscaping.com may 10 - jun 7, 2013 | New home Guide 135
CALCULATE YOUR MORTGAGE PAYMENTS CALCULATE YOUR MORTGAGE PAYMENTS MONTHLY PRE-TAX INCOME
DIVIDE BY 3
SPOUSE’S PRE-TAX INCOME
AFFORDABLE MONTHLY PAYMENTS
AMOUNT OF MORTGAGE DIVIDED BY 1,000
ESTIMATED MONTHLY TAXES & HEAT
TOTAL PRE-TAX INCOME
AMOUNT OF MORTGAGE (PRICE – DOWN PAYMENT)
MORTGAGE PAYMENT CALCULATION CHART INTEREST RATES %
AMORTIZATION PERIODS 10 YRS
FOLLOW THESE STEPS TO SEE IF YOU’LL QUALIFY FOR A MORTGAGE ON YOUR DREAM HOME
Calculate the combined monthly before-tax income of you and your spouse.
Multiply this figure by the amount you need to borrow. Divide by
Divide by three. This figure is the monthly payment you can afford to make on your home.
Add to this your estimated monthly heating costs and monthly property taxes.
Take the total price of the home and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.
Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.)
136 NEW HOME GUIDE | MAY 10 - JUN 7, 2013
If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream home. Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.
MORTGAGE INTEREST RATES VARIABLE
Bank of Montreal
ALL MORTGAGES ARE OF TWO BASIC TYPES:
Bank of Nova Scotia
Canadian Western Bank
Canadian Western Trust
DUCA Financial Services
First Calgary Financial
First National Financial
HSBC Bank Canada
ICICI Bank Canada
Investors Group Trust
Laurentian Bank Canada
Meridian Credit Union
President’s Choice Fin’l
Royal Bank of Canada
Servus Credit Union
Steinbach Credit Union
Home Trust Company
Peace Hills Trust
T-D Mortgage Your Neighbourhood C.U.
CONVENTIONAL The buyer can borrow up to 80% of the purchase price or the value of the property, whichever is less. The buyer has to pay 20% down. A conventional mortgage cannot exceed 80% of the value of the property. INSURED OR HIGH-RATIO: A buyer can borrow up to 95% of the purchase price or the value of the property, whichever is less. The down payment can be as low as 5%.
MORTGAGE OPTIONS You can choose any of these mortgage options which fit into the two basic mortgage types. Lenders may even customize these options to suit your needs. OPEN MORTGAGE: Allows borrowers to repay all or part of the total amount of their mortgage at any time without penalty. Because of flexibility, this is ideal for borrowers who plan to sell their homes in the near future or who want to switch from a shortterm mortgage at high interest rates to a longer term when mortgage interest rates fall. CLOSED MORTGAGE: Usually has the lowest interest rate available but lacks the flexible features of other mortgage options. A good choice for those who want the security of knowing their monthly payment is fixed for a longer term. Prepayment options are available but they are subject to conditions. PORTABLE MORTGAGE: Flexibility if borrowers move. Borrowers can take the mortgage to their new home or can transfer it (usually with the consent of the lender) to the purchaser of their old home. This is an attractive option if the rate on the existing mortgage is lower than current rates.
PREPARED BY CANNEX ON APRIL 29, 2013. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2013 CANNEX Financial Exchanges Limited. All rights reserved.
MAY 10 - JUN 7, 2013 | NEW HOME GUIDE 137
Visit Our Showhomes Open from 3-8pm Mon-Thurs, 12-5pm Sat & Sun Closed Friday, Holiday Hours 12-5pm
Homes from $390,900 3616 Goodridge Cres. 780.761.3722
SOUTHWEST WINDERMERE SOUTH Homes from $342,000 Duplexes from $331,000 1017-177A Street 780.756.2635
Homes from $399,000 Duplexes from $329,000 20308 44 Ave 780.756.1038
SOUTHWEST ONE AT WINDERMERE NOW OPEN! Homes from $437,700 881 + 883 Windermere Wynd 780.761.2211
AMBLESIDE BRAND NEW SHOWHOME! Homes from $439,000 759 Adams Way SW 780.757.5880
Homes from $326,800 3132 + 3128 17 Street 587.520.0374
Homes from $405,000 411 + 413 Chappelle Dr. SW 780.756.1853 Open Mon-Thurs: 2-8 pm
SOUTHEAST MAPLE CREST
Homes from $394,000 Duplexes from $326,000 13716 165 Ave NW 780.757.3506
AURORA AT WALKER LAKE
North of 167 Ave, East of 82 Street
Homes from $390,900 Duplexes from $331,300 5624 7th Ave SW 587.520.0937
Homes from $428,000 Call 587.520.0935
Homes from $353,500 Duplexes from $294,100 605 Reynalds Way 780.980.8506
SPRUCE GROVE OPENING SOON!
Homes from $386,900 5495 + 5497 Schonsee Dr. th
Homes from $382,000 164 McLaughlin Drive 780.571.1731
ST.ALBERT THE ELEMENTS AT ERIN RIDGE NORTH
Homes from $500,000 52 Everitt Drive 780.756.2018
2013 CHBA WINNER of the BEST WEBSITE AWARD
w w w. b e d ro c k h o m e s . c a Prices subject to change without notice. Prices include home, lot & net GST. Some terms and conditions apply. Please contact Area Manager for more details.
FINAL SELL OFF! THE FIELDS OF SUMMERSIDE
Homes from $358,300 13 Selkirk Place 780.980.8528
Homes from $402,000 DUPLEXES COMING SOON! 3103 + 3105 Winspear Cres. 587.520.0935
Homes from $427,000 Call 780.757.3506
WINDERMERE NORTH Homes from $444,000 Call 780.761.2211
Not all stages are awkward
sETHkING... a OM
sYTHkING! a AN 138-139-Bedrock 05-10-13.indd 139
the experts at Bedrock Homes anything about buying, building or owning a new home. We canâ€™t wait to help you!
5/3/13 10:40:58 AM
140-United-Walker Summit 05-10-13.indd 140
5/3/13 4:46:45 PM