Jan 9 - Feb 6, 2015 Volume 18 Issue 1
2 bedrooms from the $220’s
INSIDE THIS ISSUE
A LOOK AHEAD AT MORTGAGES IN 2015
SHOULD I KEEP RENTING, OR BUY THAT CONDO?
A BOOMING YEAR FOR CALGARY’S CONDO MARKET
BUILDING FOUR NOW RELEASED
CHBA - Calgary Region
2012
Building One is sold out, few units remain in Building Two and Building Three is selling fast. Make your move today and make your dream a reality at Champagne – Calgary’s only pre-cast concrete residences with exceptional designer finishings and premium riverside location.
790 - 1125 SQ. FT. ONE BEDROOMS FROM THE LOW $300S 1220 - 1695 SQ. FT. TWO BEDROOMS FROM THE LOW $500S Presentation Gallery - 350 Quarry Park Blvd SE Mon. to Thur. - Noon to 8pm • Fri - Closed • Sat & Sun - Noon to 5pm
re m i n gt on c or p. c om • 403 . 930. 6900 How did engineering protect Quarry Park from the Flood of 2013? Visit our Presentation Gallery to learn more.
Make your move with Cardel Lifestyles CALGARY’S BEST CONDO + TOWNHOME VALUE
2 BDRM CONDOS STARTING FROM
209,900
4 NEW SHOW SUITES OPENING
$
+ GST
SAT FEB 28
Mountain view units available | Close to Fish Creek Park | Bigger windows for brighter living | 9' ceilings on every floor | Close to hospital Register today for community updates and VIP selection status. 302 Cranston Road SE | 403.457.2670
SALES CENTRE AND SHOW SUITE NOW OPEN
1+2 BDRM CONDOS FROM ONLY
179,900
$
+ GST
BACKS ONTO PARK
7 CONDO FLOORPLANS
(Pre-selling from Panorama West)
1+2 BDRM CONDOS GREAT NW LOCATION
105 Auburn Meadows Dr SE 403.371.6014
3 BDRM TOWNHOMES WITH DOUBLE GARAGE
COMING EARLY 2015
175 Panatella Hill NW 403.241.8975
REGISTER TODAY!
Visit cardelcondos.com for all our current and upcoming projects. *Prices subject to change without notice. Subject to availability. Rendering is artist’s concept only. Subject to change without notice.
CONDOS + TOWNS
Built for real life. CARDELCONDOS.COM
CL-CMP-1799-CONDO GUIDE-7.5X10.5-JAN092014.indd 1
Sales Centre Hours: Mon-Thur: 2 pm-8 pm Sat, Sun + Holidays: Noon-5 pm Closed Fridays
3
2014-12-18 11:41 AM
STAINLESS STEEL APPLIANCES AND GAS RANGE
LUXURIOUS QUARTZ COUNTERTOPS
ULTRA QUIET WASHER AND DRYER WITH CONVENIENT LINEN STORAGE
SPACIOUS WALK-IN CLOSETS IN BOTH BEDROOMS
ENTRY
ENSUITE
KITCHEN
DINING
WALK-IN CLOSET
TYPE 2 BED 2 BED + DEN 2 BED + DEN 2 BED 2 BED
BEDROOM
WALK-IN CLOSET
BATH
WD
SUITE 07 301 228 012 218
SQ FT 747 789 805 840 865
MONTHLY $1,232 $1,311 $1,327 $1,368 $1,406
HIGH GLOSS AND TEAK FINISH CABINETS WITH UNDER CABINET LIGHTING
LARGE BALCONY WITH HILLSIDE VIEWS OF DOWNTOWN CALGARY
HIGH-QUALITY GERMAN MADE HARO LAMINATE FLOORS
CONVENIENT USB POWER OUTLETS
PEACEFUL MASTER BEDROOM WITH SPACE TO DREAM
PORCELAIN TILE FLOORING
PRICE $389,900 $414,900 $419,900 $432,900 $444,900
*THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES TO THE INFORMATION CONTAINED HEREIN WITHOUT NOTICE. MONTHLY MORTGAGE PAYMENTS ARE CALCULATED BASED ON A PURCHASE WITH A 20% DEPOSIT AND A VARIABLE MORTGAGE RATE OF 2.5% WITH A 30-YEAR AMORTIZATION PERIOD. E.&O.E.
CONSTRUCTION IS UNDERWAY GABLECRAFT.CA/BRIDGELANDHILL 403 456 2329
BALCONY
LIVING
MASTER BEDROOM
PLAN C1 D1 D2 C5 C3
PRESENTATION CENTRE LOCATED AT 736 1ST AVE, NE · OPEN DAILY 12–6PM, CLOSED FRIDAYS
PLAN C3 2 BED 865 SQ FT
HILL
BRIDGELAND
OWN A 2 BEDROOM HOME IN BRIDGELAND FROM $1,232 PER MONTH*
Y O U N G . E N E R G E T I C . C O N N E C T E D.
L IFE IS BE TTE R ON T HE H IL L .
*THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES TO THE INFORMATION CONTAINED HEREIN WITHOUT NOTICE. MONTHLY MORTGAGE PAYMENTS ARE CALCULATED BASED ON A PURCHASE WITH A 20% DEPOSIT AND A VARIABLE MORTGAGE RATE OF 2.5% WITH A 30-YEAR AMORTIZATION PERIOD. E.&O.E.
INNER CITY
5
INNER CITY
A NEW PERSPECTIVE ON URBAN LIVING
The Guardian’s two-bedroom, two-bathroom suites offer panoramic double-exposure views of the city, rivers and mountains from Calgary’s tallest residential tower.
SUITE 02
814 SQ FT + 79 SQ FT Balcony
Starting at $455,900
SUITE 04
809 SQ FT + 139 SQ FT Balcony
Starting at $436,900
SUITE 07
904 SQ FT + 115 SQ FT Balcony*
Starting at $535,900
SUITE 09
979 SQ FT + 133 SQ FT Balcony*
Starting at $578,900
*Includes parking space for two vehicles
Developed by Hon Developments. Renderings are artist’s interpretation. Prices subject to change without notice. E&EO. 6
PRESENTATION CENTRE 456 -12TH AVENUE SE MON – THURS 12 – 6PM TEL 403 800 3368 SAT & SUN 12 – 5PM
FEATURES
• Imported Italian Armony Cucine cabinetry and professional-grade induction cooktops by AEG • Optimized floor plans and open concept interior design • First-class amenities: Fitness centre and yoga studio, workshop, social lounge and garden terrace
THEGUARDIANCALGARY.COM
NORTHWEST
from the mid $300’s
TABLE OF CONTENTS
Jan 9 – Feb 6, 2015 VOLUME 18 ISSUE 01
11
Brad Remington Homes continues its success story with
COPPERFIELD PARK III COLUMNS, NEWS & FEATURES
010 EDITOR’S NOTE COLUMNISTS
030 CONTEMPLATING CONDOMINIUMS Should I continue renting, or buy that condo? BY LINDA PALFI
038 MAKE YOUR MOVE Blizzards, black ice and moving BY CHUCK RESNICK
044 MORTGAGE ADVICE What can we expect from mortgages in 2015?
HOMEBUYERS’ HELP
PROJECT LOCATION MAPS
028 IN THE NEWS Park Point’s innovative architecture to forever alter Calgary skyline
033 Northeast Map
040 MARKET REVIEW Booming year for Calgary’s condo market
039 Satellite Communities
BY HEATHER RYAN
047 HOMEBUYERS’ RESOURCE SECTION 050 INDEX
BY ALYSSA RICHARD
BY HEATHER RYAN
020 CONDO PROFILE Welcome home to a piece of art at AVLI on Atlantic BY HEATHER RYAN
019 Inner City
036 CMHC REPORT November housing starts
CONDO FEATURES
011 COVER STORY Brad Remington Homes continues its success story with Copperfield Park III
015 Southeast Map
40
035 Southwest Map 043 Northwest Map
PRESIDENT, WALL2WALL MEDIA
Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT
Susan Legge DIRECTOR OF SALES, NATIONAL
Josh Heppner SENIOR SALES MANAGER, WESTERN CANADA
Edwin Rizarri ART DIRECTOR
Daiana Garay EDITOR
Lydia McNutt CONTRIBUTING EDITORS
Sara Duck Wayne Karl Elisa Krovblit DESIGN EDITOR
Yanic Simard
Media Consultant
Natalie Houghton 587.226.1313 Like us on Facebook: search: CalgaryNewCondoGuide
Production Manager
Bala Gnanapandithan Production Co-ordinator
Greg Van Sluytman Graphic Designer
Viosa Barileva
Published By
newhomeandcondoguide.ca
20
2891 Sunridge Way N.E. Calgary, AB T1Y 7K7 COPYRIGHT 2015 Copyright covers the contents of
this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers.
Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. ADVERTISING RATES
T 587.226.1313 email natalie.houghton@wall2wallmedia.com CIRCULATION Copyright covers the contents of this
publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers.
EDITORIAL Submissions from interested parties will be considered. Please submit to susan.legge@wall2wallmedia.com
The views and data expressed by columnists do not necessarily represent those of the publication. Please recycle this magazine! Wall2Wall Media participates in the Partner’s In Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over two million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.
EDITOR’S NOTE
THE HOME OF YOUR DREAMS
SUSAN LEGGE
EDITOR-IN-CHIEF
Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook Search: Condo Guide
Ready to buy a new home in 2015? This year promises to be an interesting and exciting one in the condo market, as many new buildings are getting ready for occupancy and several new projects in exciting locations are coming up for grabs. New Condo Guide profiles the latest and greatest condominiums in and around the city, so you can get a jump on who’s offering what, where and at what price. Owning in a brand new project certainly has its benefits. Besides the fact that everything is new, down to the fixtures and appliances, so are all of the condominium’s common areas and facilities. You don’t inherit someone else’s tastes in paint colours or finishings, or problems, for that matter. All new condominium residences also come with a warranty, which means you don’t have to fork out money for repairs since the warranty program covers most defects for several years. Buying a condominium is a serious decision, and a significant investment, so it is imperative that you do your homework and research the marketplace to ensure you’re getting the best builder/developer and value for your money. Here’s to helping you find the condo of your dreams this year!
MONEY MATTERS IN 2015
LYDIA MCNUTT
EDITOR
Wall2Wall Media Lydia.McNutt@wall2wallmedia.com Follow me on Twitter at Twitter.com/LydiasTweets
The new year is a time to reflect on the past, plan for the future and set goals. Perhaps 2015 will be the year you pay off a debt, start saving for retirement, or get into the housing market. No doubt, financial New Year’s resolutions will top many to-do lists. Regardless of the particulars, when it comes to money matters your best bet is to be prepared for what’s to come by planning ahead. Experts predict interest rates will hold steady until mid-2015, but it’s up to you to ensure you’re not caught off guard when they rise. Here are some things to keep in mind when shopping for your condo: » Have a realistic view of how much home you can afford by determining your down payment, household income, debt payments, monthly bills, and the lifestyle you expect to lead. » Don’t spend the maximum that you’re approved for. Just because you get approved for $700,000 doesn’t necessarily mean you should spend that much. As they say, life happens – a new baby, a change in jobs, or any number of other unexpected circumstances. It’s wise to have some savings set aside, just in case. » Choose a mortgage with the shortest amortization period possible. Yes, this will increase your monthly payments, but you’ll also save a bundle on interest over the life of your mortgage. Careful planning, often with the help of a financial advisor, can help ensure you’re well-equipped to deal with any surprises coming your way.
10 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
COVER STORY
BRAD REMINGTON HOMES CONTINUES ITS SUCCESS STORY WITH
COPPERFIELD PARK III // BY HEATHER RYAN
CONDO BUYERS ARE OVERWHELMINGLY EMBRACING the opportunity
to “Love It, Live It and Afford It” at Copperfield Park III by Brad Remington Homes. “We launched the first phase of Copperfield Park III on Sept. 13 and the second phase on Nov. 22, and sales continue to be stronger than anticipated,” says Bryan Logel, vice-president of sales and marketing for Brad Remington Homes. “We actually had the longest lineups we’ve ever had for our launch with some people lining up days before, eager to secure a model of choice. “The momentum that we created by designing top-quality homes that suit a variety of lifestyles keeps rolling,” Logel says. “We’re committed to creating high-quality affordable homes for people and have everything from an entry level one-bedroom up to larger two- and three-bedroom designs. The fact that we continue to do that, even though the cost of real estate has become more expensive, is truly amazing.”
In Copperfield Park III, some improvements to the floor plans have been made to provide additional value for buyers by adding extra square footage at a reasonable cost, Logel says. “We also made improvements to plans based on consultations with our past customers.” For example, two-bedroom plans such as the D2, which starts from $229,000 and the C2, priced from $239,000, both provide more space. The D2 is highlighted by a large kitchen, larger master
NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 11
bedroom and private mud room, while the C2 features a classic California split design ideal for a single parent or roommates sharing, as well as a super-sized kitchen and space for a regular-sized dining room table. “These two-bedroom floor plans are amazing and offer tremendous value,” Logel says. Copperfield Park III will be comprised of four, four-storey buildings with 304 suites. There are seven plans to choose from ranging from approximately 565 to 973 sq. ft. in one-, two- and three-bedroom layouts priced from the high $140,000s to the mid-$200,000s, making the suites incredibly affordable for a wide demographic of buyers. “When we look at all the potential purchasers in Copperfield Park III, there really is something there for everyone and we offer a titled parking stall and storage unit with each suite, as well as our superb level of 12 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
specifications and high-quality construction,” Logel says. The well-appointed interiors include full-sized kitchens with expansive granite counter space, slab or mission-style cabinets that come in three different colour choices, four appliances – fridge, stove, dishwasher and over-therange microwave – in-suite laundry with the washer and dryer included, and private balconies for outdoor entertaining.
Buyers can also customize their homes with optional upgrades like a fireplace, air conditioning and/or hardwood flooring, to name a few. Copperfield Park III will present an eye-catching look with premium siding and brick accents and feature professionally landscaped grounds. Residents of Copperfield Park appreciate the great location situated off McIvor Boulevard near the BRT bus stops, grocery stores,
restaurants, shops, services and minutes away from the South Calgary hospital, and a wide range of new amenities being developed in Seton. The location also provides easy connections to Stoney Trail, 130 Avenue S.E., Deerfoot Trail and 52 Street S.E. “The size, price, features and value are among the reasons why Copperfield Park III continues to be so successful, helping to meet needs of purchasers looking to make owning their own condo a reality,� Logel says. For more information on Copperfield Park III, visit the six different showhomes at 755 Copperpond Blvd. S.E., open Monday to Thursday, 2 to 8 p.m.; and weekends and holidays, noon to 5 p.m. You can also visit copperfieldpark.com, or call 403.723.0094. NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 13
SOUTHEAST
14
IE
BLV
D.
MCKNIGHT BLVD.
68 STREET
IL
CENTRE STREE
UR
TRA
14 STREET
32 Ave
16 AVENUE
16 AVENUE
12 AVENUE
RIVE RIAL D
MEMO
RIAL D RIVE
SOUTHEAST COMMUNITIES 36 STREET
MEMO
1797 Copperfield Blvd SE
09
14
W BO
206 Cranford Drive SE
NEW BRIGHTON
14 BOULEVARD TOWNES BY BIRCHWOOD
M TTO BO AIL
IL E TRA
RN OF LO
CHAPARRAL CRANSTON
20
05 01
23
MAHOGANY
07 AUBURN BAY 03 04 10
Corner of Cranford Dr and Cranston Gate SE Register: www.cardellifestyles.com/ cranston-ridge
02 COPPERFIELD PARK BY BRAD REMINGTON HOMES 279 Copperpond Common S.E.
03 MUSKOKA BY BROOKFIELD HOMES 65 Auburn Meadows Way
04 MOSAIC LAKESIDE AUBURN BAY BY BROOKFIELD HOMES
22
16 06 08
Corner of Seton Blvd and Auburn Bay Link SE
17 MOSAIC MIRAGE BY BROOKFIELD HOMES 347 MacKenzie Towne Gate
18 THE GATES BY REMINGTON DEVELOPMENT CORPORATION
13
13
01 CRANSTON RIDGE BY CARDEL LIFESTYLES
16 AUBURN BAY BY STONECROFT
COPPERFIELD
12
W ST. 52
AIL
VITT
D TR
McKE
UIS MARQ
116 Quarry Park Way SE
02 11
16
LEO
Mac
S JAME
TR
EK P ARK
27 Auburn Bay Link SE
211 Mahogany Way
13 MOSAIC CRANSTON BY BROOKFIELD HOMES
114 AVE SE
DEERF18 OOT T RAIL
CRE
12 EBONY BY JAYMAN MODUS
84 STREET
52 STREET
19
BARLOW TRAIL
GLENMORE TRAIL
ANDERSON ROAD
SHAWNESSY BLVD.
Coming Soon 25 Auburn Meadows Ave SE
11 CHALETS IN COPPERFIELD BY SABAL HOMES
SOUTHLAND DRIVE
FISH
10 CANOE BY AVI URBAN
52 STREET
ELBOW DRI VE GLENMORE RESERVOIR
17 Ave
BLACKFOOT TRAIL
17 Ave
MacLEOD TRAIL
ILD
SETON BLVD.
Presentation Centre: 350 Quarry Park Blvd SE
19 CHAMPAGNE BY REMINGTON DEVELOPMENTCORPORATION
05 LEGACY STREET TOWNS BY HOMES BY AVI
Quarry Park Blvd SE remingtoncorp.com
Now Open 42 Legacy Blvd SE
20 CRANSTON PLACE BY CARDEL LIFESTYLES
06 ZEN BY AVALON MASTER BUILDER
302 Cranston Road SE
22 MAHOGANY STREET TOWNS BY HOMES BY AVI
82 Auburn Bay Link SE
07 AUBURN WALK BY CARDEL LIFESTYLES
13 Marine Dr SE
23 SYMMETRY AND HARMONY BY STONECROFT
Showsuite and Sales Centre Corner of 52nd Street and Auburn Meadows Dr. SE
121 Copperpond Common SE
08 MUSKOKA BY BROOKFIELD HOMES 27 Auburn Bay Link SE
09 BRISTOL TOWNHOMES BY BIRCHWOOD NOW SELLING 232 Quarry Park Blvd. SE
COPPERFIELD PARK III LOVE IT. LIVE IT. AFFORD IT.
CONDOS* FROM THE $130’S +GST Titled parking stall included.
*
www.copperfieldpark.com 403.723.0094 NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 15
16
SOUTHEAST
NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 17
INNER CITY
6 AVE N
GREYHOUND BUS TERMINAL
23 AVE S
26 AVE S
by
18
INNER CITY 11 SOBOW BY M2I DEVELOPMENTS CORPORATION 1640 17A St.
RILEY PARK
24
6 AVE N
5 AVE N
VE 4A
3
EN
12 KENSINGTON BY BUCCI
V 2A
SUNNYSIDE 20 STATION
ROTARY PARK
PRINCE’S ISLAND PARK
301 10th St. NW
21
13 FIRST BY FRAM + SLOKKER
17
12
EAU CLAIRE04 MARKET
East Village Experience Centre 553 Riverfront Ave. SE
16
25
14 AVLI ON ATLANTIC BY RED MANAGEMENT
01
1220 9th Ave.
4 AVE S
06
16 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN.
13 18
5 AVE S 6 AVE S
REYHOUND US TERMINAL
MILLENNIUM PARK
Sales Centre 921 - 1st Ave. NE
19 CONVENTION CENTRE
9 AVE S
07
MOUNT ROYAL VILLAGE
26 AVE S
TALISMAN SPORTS CENTRE
10 ST W
PROSPECT AVE
22
26 AVE S
05
21 V&V BY PROVIDENCE GROUP
04 WATERFRONT BY ANTHEM PROPERTIES 216 Riverfront Ave. S.W.
05 THE GUARDIAN BY HON TOWERS
12th Ave SE at 3rd St.
Sales Centre 1120 Kensington Rd
Register: einsteincalgary.com
23
07 SMITH BY GROSVENOR
43park.ca
Sales Centre Now Open in East Village
ERLTON / STAMPEDE STATION
02 PARK POINT BY QUALEX-LANDMARK
03 43 PARK BY VERICON REAL ESTATE VENTURES
19 VERVE BY FRAM + SLOKKER
20 LIDO BY BATTISTELLA
06 AVENUE BY GROSVENOR & CRESSEY
Coming Soon Register now at Qualex.ca/ ParkPoint
916 Memorial Drive
18 EVOLUTION BY EMBASSY BOSA INC.
CALGARY EXIBITION AND STAMPEDE PARK
01 RIVERFRONT POINTE BY CARLISLE GROUP
101 Riverfront Avenue S.E.
11
East Village Experience Centre 553 Riverfront Ave. SE
VICTORIA PARK / STAMPEDE STATION
08
4 ST W
5 ST W
CLIFF ST
17 AVE S
23 AVE S
1 ST E
COLONEL BELCHER HOSPITAL
OLYMPIC WY
02
MACLEOD TR
1 ST W
2 ST W
11 AVE S
4 ST W
5 ST W
8 ST W
10 ST W
14
12 AVE S
17 916 BY SABLE DEVELOPMENTS
FORT CALGARY
CITY HALL
22 ALEX BY ASSURED COMMUNITIES
Presentation Centre: 2719 14th St. SW
1035 5th Ave. SW
23 MISSION 34 BY ASSURED COMMUNITIES
Visit Sales Centre at 850-16th Ave. SW, 2nd Floor
08 DISTRICT BY BOULEVARD INVESTMENTS Sales Centre Now Open 305 18th Ave. SW
98 Mission Road SW mission34.ca
25 BRIDGELAND HILL BY GABLECRAFT HOMES 516 Edmonton Tr. NE
09 LiFFT BY VERICON REAL ESTATE VENTURES
Coming soon to Renfrew-Bridgeland liveLiFFT.com
10 BRIDGELAND CROSSINGS BY GABLECRAFT HOMES bridgelandcrossings.ca
NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 19
CONDO PROFILE
Welcome home to a piece of art at
AVLI ON ATLANTIC // BY HEATHER RYAN
t
here’s something special happening in Inglewood. More than a building, more than a home, it’s a work of art and it’s garnering the attention of condo buyers looking for luxury living in what was voted Canada’s No.1 neighbourhood in November. “AVLI on Atlantic is not your typical condo offering. Coming home to AVLI is like visiting a piece of art that you choose and love,” says Calvin Buss of Buss Marketing. “It has been designed by Jeremy Sturgess, one of Canada’s leading architects, who was challenged to
create an artistic-looking building, and what he’s created is a stunning piece of architecture.” Being developed at 1020 9th Ave. S.E. the seven-storey, 64-suite building “is the first condo highrise to come to the heart of Inglewood and it has a 99-per-cent walking score, putting two rivers, the river pathway, the LRT and all the restaurants and shops that make Inglewood such a vibrant place to live, all within walking distance,” Buss says. Residents are also minutes from the downtown core for work, Fort Calgary, the zoo and St. Patrick’s Island. Launched in late November, AVLI is an instant hit with buyers, with 30 per cent of the building sold in just a matter of days – including three penthouses. Buyers really love the outstanding location, Buss says, but they also appreciate the luxury interiors that are a creation of Jerilyn Wright – one of Calgary’s and Inglewood’s most celebrated designers. Each room has been thoughtfully designed to provide a contemporary yet comfortable
20 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
The island has a white quartz counter that is offset by a dropdown natural wood grain eating bar for a dramatic contrast feel to relax in or entertain friends and family, and spaces can be customized to best reflect who you are and how you live. “The kitchen is the heart and soul of the suites, and we put a lot of emphasis on it creating a beautiful, high-gloss, contemporary look with white quartz countertops and cabinets. The island has a white quartz counter that is offset by a drop-down natural wood grain eating bar for a dramatic contrast,” Buss says. “The appliances include a five-burner gas stove, a built-in dishwasher, and fridge that blends into the cabinetry.” Among other terrific features are floor-to-ceiling glass windows, 24-by-24-inch high-gloss tiles throughout the suite (or buyers can choose hardwood), six-ft. glass showers, eight-ft. Douglas Fir barn doors, Cedar entry door, air-conditioning, oversized glass balconies and in-suite laundry with washer and dryer. Residents also have secured, heated, under-ground parking, a storage and bicycle locker, and access to various amenities in the building such as a dog wash station, bike wash station, workshop where they can tune their bikes or wax their skis, a guest suite, library and book exchange, and a third-floor rooftop garden terrace with barbecues.
With 27 floor plans available, buyers can choose a suite design that best suits their needs, from one-, two- and three bedroom layouts that range from approximately 500 to 1,200 sq. ft., with prices starting from $256,000 up to $1.2 million. “The sizes and price ranges available really make AVLI attractive to an eclectic mix of buyers from first-time owners, to second-generation homebuyers, to mature baby boomers,” Buss says. “We’ve had a great response from people who love the lifestyle in Inglewood and the opportunity to live in luxury and a piece of art that truly reflects their personal expression.” Learn more about AVLI on Atlantic by visiting the sales centre at 1012 9th Ave. S.E., email info@AVLICondos.ca, call 403.474.2060 or check out AVLIcondos.ca. NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 21
FIND OUT WHY INGLEWOOD IS NAMED CANADA’S GREATEST NEIGHBOURHOOD. GR O AND
JAPNENING 17 VISI DT UNS* A OW 101 Ave2S9th T TOD E AY!
ARTIST CONCEPT
City park and river views – Bright spacious, quiet living with large deck areas. Enjoy all that Inglewood has today. 12 minute walk to FREE LRT. The Developer reserves the right to make revisions it deems appropriate in its sole discretion, to floorplans, unit configuration, and finishings. Unit sizes are estimates only and subject to revision by the Developer.
AvliCondos.ca 403-474-2060 info@AvliCondos.ca
RED
MANAGEMENT
I
C N
22 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
SOUTH OF THE BOW
INGLEWOOD CANADA’S GREATEST NEIGHBOURHOOD
NEW Homes in Inglewood- voted #1 Neighbourhood in Canada- our backyard is 50 acres of parkland and pathways. Live well at SoBow, right now. SOBOW PRICE LIST SUITE TYPE Studio 1 Bed/1 Bath 1 Bed/1 Bath + Flex 1 Bed/2 Bath + Flex 2 Bed/2 Bath 2 Bed/2 Bath 2 Bed/2 Bath 2 Bed/2 Bath 2 Bed/2.5 Bath 2 Bed/2.5 Bath Garden/Loft Townhome 2 Bed/2.5 Bath Loft Townhome 2 Bed/3 Bath + Flex 3 Bed/3 Bath
UNIT SIZE (Sq Ft) 694 707 744 1000 914 973 983 1095 1262
PRICE RANGE $306,000-311,000 $320,000-325,000 SOLD OUT $383,000-393,000 $390,000 $379,000-420,000 $400,000-423,000 $428,000-441,000 $531,000-543,000
EST. CONDO FEES $263 $296 $296 $394 $361 $394 $427 $427 $493
1390
$545,000-597,000
$525
1414
$587,000-593,000
$525
1414 1632
$618,000-635,000 $700,000-710,000
$591 $624
VISIT OUR SALES CENTRE & SHOW SUITES!
| | | |
# 1640 17A STREET SE TUESDAY - FRIDAY 12PM - 6PM SATURDAY - MONDAY 12PM - 5PM 587.353.8955 | INFO@SOBOWCONDOS.COM
WWW.SOBOWCONDOS.COM
ALBERTA’s #1 CONDO BUILDER
MAYBE IT’s BECAUsE WE’RE sO EAGER TO PLEAsE
NOW SELLING IN 5 LOCatIONS aLBERt PaRK: ShOW SuItE OPEN aIRDRIE: ShOW SuItE OPEN KINCORa EMERaLD SKy:
arti
FEBRuaRy 2015
LEGaCy: PRESENtatION CENtRE OPEN COChRaNE: By aPPOINtMENt ONLy EDMONtON: IN MaNy LOCatIONS FOR MORE INFORMatION:
carlislegroup.ca 403.470.6286
FINaL PhaSE SELLING NOW!
artist’s concept only
f
register at
CreeksideVillageCondos.com #2105 - 403 MacKenzie Way SW airdrie, east of 8th Street
MCKENZIE WAY YANKEE VALLEY BLVD SE
HIGHWAY 2
RAILWAY AVE
MAIN ST
8 ST
AIRDRIE ROAD NE
e f e
SaleS Centre HourS: Mon-thurs 2-8 pm Sat, Sun & Holidays 12-5 pm, Closed Fridays
403.980.3334
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IMMEDIatE POSSESSIONS avaILaBLE!
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BESt vaLuE aND PRICE IN thE INNER CIty
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albertParkStation.ca Project location sales centre MEMORIAL DRIVE SE
5TH AVE. SW
DOWNTOWN
less than 20 units remaining
N:
6
LRT STATION
11TH AVE. SE 12TH AVE. SE
12TH AVE. SE
27TH ST. SE
5
BARLOW TRAIL SE
y:
14TH AVE. SE
17TH AVE. SE
unit 5117, 2715 12 ave se. sales centre hours: mon - thurs 12-6 pm sat, sun & holidays 12- 5 pm, closed Fridays
403.470.6286 Canadian Home Builders’ Association
Final Clearance. No Reasonable Offer Refused. Last 8 Units.
only
executive furnished suites earn up to $3000 month frOM the
300’s
$
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GO tO
3 Street SE
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By aPPOINtMENt ONLy
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1 Street SE
403.228.5872
Centre Street S
rivpt.com
NE
Riverfr ont Ave SE
4 Avenue SE
E nue S 5 Ave
The Pinnacle of
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natalie.houghton@wall2wallmedia.com
LIFE HAPPENS ON THE INSIDE. So you’re looking for a condo or townhome that fits your life. Take a moment to think about this. Modus offers more choice in Alberta than any other multi family builder. The largest combination of interior options, amenities, models, building styles, communities, cities, price points and services. With choices like this your new home is really only limited by your imagination.
SO BUILD YOUR HOME AROUND YOUR LIFE NOT THE OTHER WAY AROUND.
W I T H M O D U S YO U G E T. . . ■■■
........................................................... a solid and thoughtfully designed product based on 30 plus years of industry experience.
■■■
the best in industry interest rates.
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into your home easier with our down payment savings program.
■■■
an improved quality of living with included amenities like gyms, courtyards, parks, party rooms and more.
■■■
a smooth transition with our complimentary moving van.
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help selling your home for the best possible market value.
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one year jayman service warranty.
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to save money on legal fees.
a true community experience Join Modus as we show you our world and interact with yours. Through fun contests, silly videos, unique ideas, community initiatives and our product showcases we genuinely would like your feedback, insight and participation. Feel free to ask us questions and tell us what you’d like to see from a homebuilder. While we are the builder you are ultimately the inspiration for what we do. So feel free to “like” us and dive right in. We’re looking forward to hearing from you!
Get social with us: facebook.com/jaymanmodus
PRECONSTRUCTION
PRICING
2 & 3 bedroom townhomes with garage THE HEIGHT OF LIVING AT THE CENTER OF IT ALL. 2 bedrooms from mid $350s’ (INC GST) Monthly Payment from $1700 Qualifying Income from $73,499 3 bedrooms from $380’s (INC GST) Monthly Payment from $1805 Qualifying Income from $77,849 FEATURING: • 1267 sq ft – 1593 sq ft • Single and tandem heated garage • 9’ ceilings on main floor • Huge kitchen island • Stainless steel appliances: • Designer lighting package • Whirlpool full size laundry centre • Dual Pane Low-E windows • BBQ/Fire pit area • Community garden • Air conditioning rough-in
501 River Heights Drive jayman.com/rise Riversong, Cochrane
MOVE IN SPRING 2015
2 & 3 bedroom townhomes with single, tandem and double car garage AND NOW FOR SOMETHING DIFFERENT 2 bedrooms from high $340s’ (INC GST) Monthly Payment from $1611 Qualifying Income from $69,973 3 bedrooms from $390’s (INC GST) Monthly Payment from $1800 Qualifying Income from $77,850 FEATURING: • 1229 sq ft – 1726 sq ft • 9’ ceilings on main floor • Single, tandem and double heated garage • Flex room on select homes • Stainless steel appliances • Laminate and ceramic tile flooring • Granite countertops • AC RI • Upper level laundry with washer & dryer
Located on Evanspark Blvd SW jayman.com/avira Evansridge NW
MOVE IN NOW
3 bedroom Xtra wide townhomes with double car garage up to 1638 sq ft RAVINE LIVING ONLY 10 LEFT
3 bedrooms from 470’s (INC GST) Monthly Payment from $2105 Qualifying Income from $90,905
FEATURING: • Ravine living in a unique cul de sac • Central courtyard greenspace • Playground • Quartz countertops • Hardwood, ceramic tile, laminate flooring • Linear wall fireplace • Stainless steel appliances • Upper level laundry centre • Lower level flex room “mancave”
60 Nolan Hill Blvd NW jayman.com/trinity
MOVE IN
MOVE IN
NOW 30 DAYS
JANUARY/ FEBRUARY
2 & 3 bedroom townhomes with single, tandem & double heated garage
1 + den and 2 bedroom condos 5 floor plans
THE ULTIMATE IN CHOICE ALL WITHIN A FOUR SEASON LAKE COMMUNITY TOWNHOMES 2 bedrooms Starting from $340’s (INC GST) Monthly Payment from $1538 Qualifying Income from $67,231
CONDOS 1 bedroom + den from $230’s (INC GST)
3 bedrooms from $360’s (INC GST) Monthly Payment from $1631 Qualifying Income from $71,120
2 bedrooms from $300’s (INC GST) Monthly Payment from $1395 Qualifying Income from $61,236
FEATURING:
FEATURING:
• 5 floor plans • 1170 sq ft – 1649 sq ft • 9’ ceilings • Beautiful courtyard with water feature & tot lot • Laminate & ceramic tile flooring • Granite countertops • Stainless steel appliances • Upper level laundry centre
• State of the art fitness gym • 622 sq ft - 1040 sq ft • Stainless steel appliances • Engineered laminate flooring • Ceramic tile flooring • Granite countertops • Premium features on select suites: Maple cabinets, quartz waterfall countertops, shag carpeting, full height glass tile kitchen backsplash
253 Mahogany Way SE jayman.com/ebony
EXPERIENCE THESE NEW TECHNOLOGICAL A D VA N C E S I N T H I S M O D U S C O M M U N I T Y:
Modus is again revolutionizing the industry with the most incredible technologies. Experience the ultimate in Augmented Reality with Modus Matrix. Matrix gives you the power to build a digital model of one of our projects wherever you go with a simple, easy to use phone or tablet app. Imagine doing a showhome tour in the comfort of your own home. This is something that must truly be seen to be believed. Just download the Modus Matrix app and visit a glimpse of tomorrow; today on our site plan page. If that wasn’t enough experience the future of homebuying in our Avira sales centre with our new touchscreen systems that not only deliver the latest product info at the touch of your fingers but even integrates with your cell phone so you can take it with you.
DOWNLOAD THE APP HERE:
modusmatrix.com DOWNLOAD THE APP TO YOUR PHONE OR TABLET
THEN SCAN THIS AD
FOR THE ULTIMATE 3D HOMEBUYING EXPERIENCE.
AT HOME, AWAY FROM HOME. Moving into a community or considering a move into a new community can be a challenge. It can be difficult to reorient yourself and find all of the things and places that provide comfort. So at Modus we’ve developed a simple solution. A mobile amenities application that allows you to find what you want, complete with phone number and GPS locator to take you straight there. So enter one of the community URLs or download our Modus Matrix app on your Android phone or iPhone and scan this page to give it a try!
DOWNLOAD MODUS MATRIX AT WWW.MODUSMATRIX.COM OR & SCAN THIS PAGE
MOVE IN SUMMER
Executive single level living 1- 3+ bedroom Residence and Penthouse Condos (3 buildings – 4 floors) UPSCALE CITY LIVING AT ITS FINEST
from $470’s - $1.7m FEATURING: • 870 sq ft – 2543 sq ft • Airy 10’ ceiling heights • Upscale premium finishes; quartz waterfall countertops, 5” hardwood flooring, tile flooring, KitchenAid stainless steel high end appliances • AC • up to 512 sq ft decks on floors 1-3; up to 1347 sq ft decks on 4th floor • Underground heated garage
BUILDING 1 70% SOLD OUT BUILDING 2 40% SOLD OUT BUILDING 3 TO BE RELEASED SOON
2953 Battleford Ave SW jayman.com/overture
2 & 3 bedroom townhomes with garage A LITTLE OLD WORLD STYLE IN THE HEART OF ALBERTA.
Opening Early Spring
FOR INFO PRE-REGISTER TODAY jayman.com/carnaby Nolan Hill NW
2 & 3 bedroom townhomes with garage YOU SPOKE. WE’VE LISTENED. A COMMUNITY DESIGNED FOR YOU, BY YOU.
Opening Summer 2015
FOR INFO PRE-REGISTER TODAY jayman.com/harana Redstone NE
Buying a home is possible! ASK US ABOUT THE JAYMAN MODUS DOWN PAYMENT SAVINGS PROGRAM The Jayman Modus Down Payment Savings Program is an opportunity to continue saving money towards your down payment while your home is being built. Program suitable for Pre-Sale homes and homes with 6 month + occupancy. Example. Purchase January 2015 with occupancy August 2015 Purchase Price
Payment Structure
330,000 plus GST 16,500 (GST) 5,940 (Rebate if applicable) 340,560 5% down $17,028 1000 7,514
Deposit Hold January 2.5% (consolidation - approximately 10 days)
Remaining 8,514 staggered monthly until last payment 45 days prior to possession February 1702.80 March 1702.80 April 1702.80 May 1702.80 June 1702.80
jayman.com/modus
The name Modus stands for how we do things. In the past 30 years we have learned that to improve the quality of our customers’ lives it’s important that we build around their lifestyles and not the other way around. This is how we do things. We are there for you through the entire process and have the experience and connections that no other multi family builder has. This ensures the smoothest transition possible during your home buying experience.
It’s just what we do.
Sales Centre Hours: Mon to Thu 2 - 8 pm S a t / S u n 12 - 5 p m
j ay m a n . c o m / m o d u s / j ay m a n m o d u s
Jayman Modus Calgary is a Builder of Excellence for providing “An Outstanding Home Ownership Experience� for Multi-Family Homes in Alberta. Based on the J.D. Power and Associates 2013 Alberta Multi-Family New Home Builder Customer Satisfaction StudySM conducted in association with the Professional Home Builders Institute of Alberta. Study measures ANHWP builder members and participating builder members of PHBIA, which represent more than two-thirds of all new single-family homes built in Alberta. For more information, visit jdpower.com
m
27
IN THE NEWS
PARK POINT’S INNOVATIVE ARCHITECTURE TO FOREVER ALTER CALGARY SKYLINE
Qualex-Landmark’s new Beltline project to become iconic landmark for Central Memorial Park QUALEX-LANDMARK HAS UNVEILED DETAILS ON THE INNOVATIVE DESIGN of its newest
downtown mixed-use residential condominium project, Park Point. Offering a modern interpretation on living in downtown and with a strong architectural vision, Park Point will permanently alter the skyline of Calgary’s Beltline community. Designed by global architectural firm IBI Group that redesigned the CN Tower Plaza and the Residences at Hotel Georgia in Vancouver, Park Point’s twin residential towers feature a sophisticated sculptural expression and contemporary style. Located on the former CIBC Operations Centre building site at 12th Ave and 2nd Street SW, with iconic twin towers of Banker’s Hall behind it, Park Point faces onto Calgary’s five-acre, historical Central Memorial Park. “Park Point’s towers are designed as one complete architectural expression, meaning its location overlooking Central Memorial Park offers viewers the opportunity to admire Calgary’s most modern urban residence as a whole, without other buildings obstructing the view. This isn’t possible in denser parts of downtown,” explains Tony Wai, project designer and manager, IBI Group. An elegant double-height lobby and distinctive canopy creates a bold, yet gracious arrival. Strong vertical architecture is created as select floor plates grow in size as they ascend the building, inspiring a colour enhancing and stepped effect, adding to the prestige nature of the address. The 34-storey highrise condominium guarantees views of Calgary’s skyline. “We’ve achieved exceptional highrise residential architecture with IBI Group’s design team. Park Point’s strikingly unique architectural façade will be the landmark of the neighbourhood as seen from the park but from downtown too, as it will be the tallest building in the immediate vicinity,” says Mohammed Esfahani, president of Qualex-Landmark. With a Walk Score rating of 98, residents of Park Point will live among the closest of any Calgarian to every conceivable urban neighborhood amenity and one of Canada’s oldest and most beautiful urban parks. Sophisticated owner-accessed outdoor amenities capitalize on views. Overlooking Central Memorial Park is an outdoor yoga/Pilates sun deck. There is also a Zen terrace, open air lounge with a fire pit, barbecues and ample seating for rest and relaxation. “The indoor amenities have been strategically planned for the third floor, placing the park in the direct line of sight of those working out in the fitness centre or yoga/Pilates studio,” says Wai. Residents will have access to a steam room and sauna with change room facilities and a private owners’ lounge and social space with a kitchen for entertaining. For out-of-town visitors, a guest suite is available in each tower. There is 24-hour concierge, secured parking, bike storage and bike maintenance stations, as well as vehicle, bike and dog wash areas. 28 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
Phase one will include 287 homes, primarily one and two bedrooms with optional den/flex space. Live-work townhomes will be located street level. Buyers will have the flexibility to choose tailored floor plan options. European in style and deeply practical, Park Point’s interior is carefully planned by Trepp Design Inc. and features openconcept living, Italian Armony Cucine kitchen cabinetry, upscale appliances and hardware to make work, dining and living space one harmonious experience. “Our number one priority has been understanding the needs of urban-focused customers,” says Esfahani. “Unparalleled location, great floor plans, fantastic amenities and breathtaking views are the top four factors needed to create superior urban living.” The first release of Park Point homes is anticipated for early 2015. The Park Point Discovery Centre will be located on-site at 301 11th Ave. S.W., corner of 11th Avenue and 2nd Street S.W. Those who register now at qualex.ca/ parkpoint/ will be first to receive priority information on progress, early purchase opportunities and access to the widest range of available homes.
Calgary’s Oldest Park Calgary’s Newest Urban Address
DIS CO OPE VERY NIN CEN G S T RE OON
Own a new local landmark. Overlook the sparkling Calgary skyline from Park Point’s unique setting and feel secure by investing in unobstructed views atop rare protected green space. At night, enjoy starlight from your iconic urban tower. By day, soak in the natural sunlight and blue skies while contemplating the gardens and places to venture to below.
2ND ST SW
CALGARY · PARKSIDE LIVING ON CENTRAL MEMORIAL PARK
COMING SOON · REGISTER NOW
12TH AVE SW CENTRAL PARK
N
Artist rendering only. This is not an offering for sale. E.&O.E.
QUALEX.CA/PARKPOINT Another original development by
29
CONTEMPLATING CONDOMINIUMS
// BY LINDA PALFI
SHOULD I CONTINUE RENTING, or buy that condo?
Linda Palfi is a condominiumspecialist realtor with Discover Real Estate. She has overseen many condo projects as the chair of her condo board, and is a member of the professional standards committee of the Calgary Real Estate Board. Further articles and her Calgary Condo Directory can be found online at CondosInCalgary.com. Call Linda for more information at 403.998.7732
W
hen you’re a renter, buying your first home can be scary. Many factors can make people fret about whether and when to buy. Applying some logic can clarify which way to go and give reassurance that you’ve made the right choice for rational reasons. Renting has advantages that should not be dismissed. A renter can often give 30 days’ notice and walk away at little or no cost. Even leases usually allow a tenant to leave before the lease term expires, as long as the renter pays the cost of re-renting, and subject to a new renter taking over the suite. In short, renting gives you flexibility. However, renters can be asked to leave a suite if the owner (or an immediate family member) wants to
live in it himself, or if a building is to be converted to condominiums. The knife of flexibility cuts both ways, giving renters some freedom, but always threatening them with being told to move on. In terms of cost, renting often comes out ahead at first glance, in that rental suites usually cost less per month than buying a condominium home. But as a class, rental apartments are of a much lower standard than condos. And if you rent a condo from its owner, or rent a top-quality apartment, the monthly cost will often match and could even exceed the cost of buying. In short, you get what you pay for, but unlike a buyer, a renter never builds up any equity to show for years of faithful monthly payments. While bare monthly rental costs may be lower than buying, rents will continue to rise with inflation and market pressures, whereas once you buy a place of your own, the cost of your mortgage payments can be locked in for five or even 10 years. Inflation then becomes your friend, rather than your enemy. As your wages rise and property values increase, the largest portion of the monthly cost of your purchased home remains frozen. After five years of ownership, a high-quality condo could cost the same or less than renting a much lowerstandard rental suite. Redecorating options are limited for renters. While a condo owner can paint, wallpaper, lay tile or make whatever decorative changes desired, the renter needs, but rarely gets, permission for any changes. Yet if a renter does make improvements, they become the property of the suite’s owner, and can’t be taken along when the tenant moves. This hardly seems fair. Fear of unemployment keeps some people from deciding to buy a home. It’s a real concern that we might lose our job and not be able to pay our mortgage and other monthly costs of ownership. Yet doesn’t that apply equally to a rented home? In either case, no money means no place to live in short order. In both cases, we should always have some cash in reserve in case of employment problems. In both cases, we would face moving into Mom’s basement in a disaster scenario. The greatest long-term security comes when a mortgage is paid off. It takes time, but eventually it happens, insulating you against disaster through a greatly reduced housing cost. If you decide it’s time to buy, your largest barrier to home ownership will be the down payment. That alone makes continuing to rent a necessary choice for many tenants, even if they’d rather build equity, enjoy stability and take pride in a home that is truly their own. It’s simply very hard for many people to accumulate the thousands of dollars necessary to enter the world of home ownership. Yet from reducing expenses to save money, to borrowing from your own RRSP, to asking Mom and Dad for a cash gift, there are options to explore. The family gift, by the way, is often overlooked. Don’t let pride stop you from discussing with family that you’re ready to become a homeowner, but face barriers. Grandma might not give you $10,000 to buy a car or go to Europe, but she might be impressed that you’ve made the difficult and responsible decision to stop renting and own a home of your own.
30 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
P
2 & 3 Bedroom Homes Over 1,000 sq ft From $464,900! That means living spaces perfectly proportioned for a balanced lifestyle, with fresh air balconies and ample room to enjoy the company of friends and family. Upscale finishing, king sized spaces, environmentally smart technology, natural light, and inspiring park and city views. Live big in Bridgeland.
1st Ave. NE 9th St. NE
7A St. NE
PRESENTATION CENTRE
Memorial Dr. NE
PRESENTATION CENTRE 824 1ST Avenue NE, Calgary Open Daily 12-6pm, Closed Fridays
1, 2 & 3 BEDROOM HOMES FROM $314,900
BRIDGELANDCROSSINGS.COM
403.269.2805
Calgary Zoo
Pricing and availability are subject to change. The developer reserves the right to change the information contained herein without notice. E.&.O.E.
31
INNER CITY
32 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
METIS TRAIL
NORTHEAST COMMUNITIES
52 STREET
CALGARY INTERNATIONAL AIRPORT
64 Ave
CENTRE STREET 12 AVENUE
Now Open Register: einsteincalgary.com
RIVE
36 STREET
17 Ave
52 STREET
BLACKFOOT TRAIL
ELBOW DR IVE
13 V&V BY PROVIDENCE GROUP
RIAL D
MEMO
02 43 PARK BY VERICON REAL ESTATE VENTURES
MacLEOD TRAIL
43park.ca
DEERF
52 STREET
BARLOW TRAIL
GLENMORE TRAIL
ANDERSON ROAD
114 AVE SE
OOT T RA
IL
W BO
NEW BRIGHTON
AIL
D TR
VITT
McKE
LEO
Mac
S JAME
IL TRA
EK P ARK
M
TTO BO
CRE
SHAWNESSY BLVD.
Coming Soon www.arrivehome.ca
16 AVENUE
SOUTHLAND DRIVE
FISH
07 ARRIVE AT SKYVIEW RANCH ARBOURS BY PARTNERS DEVELOPMENT GROUP
13
17 Ave
GLENMORE RESERVOIR
104 Redstone View (off Redstone Way)
64 Ave
32 Ave
03 04 MEMO 02 01 RIAL D RIVE
Coming Soon bridgelandcrossings.com
06 ARRIVE AT REDSTONE BY PARTNERS DEVELOPMENT GROUP
80 Ave
MCKNIGHT BLVD.
16 AVENUE
01 BRIDGELAND CROSSINGS BY APEX CITY HOMES
Sales Centre 921 - 1st Ave. NE www.stepsbridgeland.com
84 STREET
14 STREET
.
04 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN.
68 STREET
CRI J OW OHN CH L ILD AUR IE TR BLV AIL D
Sales Centre #701, 7th Ave. NE livelifft.com
SADDLETREE DR.
FA L RID CON GE
NOSE HILL PARK
EDMONTON TRAIL
SH AG AN
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128 NE Ave
COUNTRY HILLS BLVD.
FO OT TR AIL
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STONEY TRAIL 06 07
U
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NE TR
LOR IS OF
COPPERFIELD
ABURN BAY
NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 33
SOUTHWEST
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CALGARY INTERNATIONAL AIRPORT
64 Ave
16 AVENUE
4
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CONDOMINIUMS BY TRICO HOMES
03
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36 STREET
SARCEE TRAIL
TRA
IV E 02 BROOKLYN
17 Ave
02 07
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05 11
09
GLENMORE RESERVOIR
771 Patrick St. S.W.
05 OVERTURE BY JAYMAN MODUS
Sales Centre Now Open in Currie Barracks
ANDERSON ROAD
DEERF
OOT T
175 Silverado Blvd S.W.
07 GLAS BY AVALON
2712 17th St. SW
08 ALEX BY ASSURED COMMUNITIES
09 MISSION 34 BY ASSURED COMMUNITIES
M AIL
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AIL D TR LEO SHERIFF KING ST. SW
194 AVE
Mac
VITT
McKE 01 06
06 SAWYER SILVERADO BY AVI URBAN
Presentation Centre: 2719 14th St. SW
TTO BO
EK P ARK
SHAWNESSY BLVD.
RAIL
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03 OVATION BY INTERGULF CIDEX
#2105, 99 Spruce Place S.W.
SOUTHLAND DRIVE
FISH
1710-28 Ave. SW www.brooklyncondos.ca
04 THE LANDINGS BY STATESMAN
BARLOW TRAIL
ORE
DR
MacLEOD TRAIL
NM
1020 194th Ave S.W. www.hunterhouseliving.com
ME M O R I AL
37 STREET
GLE
69 STREET
85 STREET
12 10
01 HUNTER HOUSE BY STREETSIDE DEVELOPMENT 16 AVENUE
BLACKFOOT TRAIL
OLD BANFF COACH ROAD
32 Ave
EDMONTON TRAIL
E
14 STREET
ENU
ELBOW DRI VE
16 A V
CENTRE STREET
SOUTHWEST COMMUNITIES
S JAME
1:23 AM
NOSE HILL PARK
UIS
MARQ
RNE OF LO
TRAIL
98 Mission Road SW mission34.ca
10 VIVACE BY STREETSIDE DEVELOPMENTS
Presentation Centre: 2118, 8561-8A Ave. SE
11 JUNO BY AVI URBAN
Sales Centre in Currie Barracks J5, 2953 Battleford Ave. SW
12 EIGHTY5NINE BY VERTICAL PROPERTIES
882 - 85 Street SW eighty5nine.com
13 ALTADORE 36 BY BROOKFIELD RESIDENTIAL
36th St. & 16th Ave SW Register Now www.altadore36.com
NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 35
CMHC REPORT
NOVEMBER HOUSING STARTS THE TREND MEASURE OF HOUSING STARTS IN CANADA
was 195,792 units in November compared to 195,796 in October, according to Canada Mortgage and Housing Corp. (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “The trend essentially held steady for a third consecutive month in November,” says Bob Dugan, CMHC’s chief economist. “This is in line with our expectations for 2014, of a stable national picture with new home building concentrated in multiple starts – particularly in Quebec, British Columbia and Ontario.” CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of Canada’s
housing market. In some situations, analyzing only SAAR data can be misleading, as they are largely driven by the multi-unit segment of the market which can vary significantly from one month to the next. The standalone monthly SAAR was 195,620 units in November, up from 183,659 in October. The SAAR of urban starts increased to 176,343 in November, from 164,784 in October. The increase was concentrated in multiple urban starts, which reached 112,583 in November, while single-detached urban starts decreased to 63,760 units. Urban housing starts decreased in the Prairies, while growth in starts was led by British Columbia and followed by Quebec, Ontario and Atlantic Canada. Rural starts were estimated at a seasonally adjusted annual rate of 19,277 units.
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.
Recycle girl(19/9)-ja/ah
36 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
SOUTHWEST
NEW TOWNHOME SHOW SUITE NOW OPEN!
MAKE YOUR MOVE
// BY CHUCK RESNICK
Blizzards, black ice and
Chuck Resnick is vice-president of marketing and operations, Two Men and a Truck Canada. twomenandatruck.ca
M
oving when ice and snow are in the daily forecast isn’t a popular choice for many Canadians. It’s cold and slippery; but with some extra safety precautions, winter moving also has many advantages.
MOVING
Moving last minute? No problem – if it’s during the cold months! Choosing to move in the “off season” can save time and money. Summer is the busiest season for moving companies. Not only are they higher in demand but their rates are generally more expensive. A wintertime move can be a great thing, as long as you’re well-prepared. Follow these tips for a relaxed and toasty move – no matter what’s going on outside. ›› Keep up with weather forecasts and change your plans accordingly. If a big snowfall or freezing rain is expected the morning of your move, don’t risk it. ›› Carry extra warm clothes including hats, gloves and snow pants. Pack these ahead of time and clearly label them so you can locate them immediately. ›› Remember your items will be in a non-heated environment for a while. Ensure plants, electronics and liquids are properly packed and protected. ›› Allow extra time on the move day – cold weather slows things down. Additionally, rushing in the winter can lead to accidents and injuries. ›› Have driveways and sidewalks cleared of snow before the movers arrive. ›› Make sure maintenance and service on your vehicles is current. Check the air pressure on your tires and ensure the trunk is equipped with emergency kits, blankets and shovels. Drive slowly with extra caution. ›› Be certain that your heating company for your new home is aware of your move-in day.
38 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
CALGARY’S SATELLITE COMMUNITIES 22
AIRDRIE 04
1A
20
10 12
13 14
06
24 Sunset Rd. Cochrane, Alberta
11
09
21 THE WHITNEY BY LANDMARK HOMES
2
02
03 01 COCHRANE 08
20 SUNSET BY JAYMAN INNOVATIONS
21
07
211 & 215 Fireside Parkway Cochrane, AB
05
AIRDRIE 09 CREEKSIDE VILLAGE STRATHMORE BY CARLISLE GROUP
1
8th & MacKenzie Way
1 Airdrie, Alberta
CALGARY
CHESTERMERE
797 LANGDON
22X
22X
BLACK DIAMOND
22X
17
TURNER VALLEY
543
604 East Lake Blvd N.E. Airdrie, Alberta
2
12 RAVENSWOOD TOWNHOMES BY SLOKKER CANADA WEST 2802 Kings Heights Gate
13 BROOKSIDE AT BAYSPRINGS BY MERGE DEVELOPMENTS
2A
22
Yankee Valley Blvd. and 24th St. SW BrooksideAtBaysprings.com
HIGH RIVER
COCHRANE 01 TOWNHOMES AT JUMPING POUND RIDGE BY SLOKKER CANADA WEST
Sales Centre on George Fox Trail just past Jumping Pound Terrace www.slokker-west.ca
02 HEARTLAND TOWNHOMES BY EXCEL HOMES 1178 Clydesdale Way, Cochrane, Alberta
03 THE RISE BY JAYMAN MODUS
06 THE VILLAGE BY CALBRIDGE HOMES
04 SUNSET RIDGE STREET TOWNS BY HOMES BY AVI
07 RIVERREACH VILLAS & MANORS BY JAYMAN MASTERBUILT
501 Riverheights Dr. Cochrane, AB
36 Sun Valley Road Cochrane, Alberta
05 STONE CREEK LANDING BY CARLISLE GROUP 103 - 5th Avenue, West, Cochrane, Alberta
1225 King’s Heights Way SE Airdrie, Alberta
11 THE EDGE BY STREETSIDE DEVELOPMENTS
OKOTOKS
546
10 STONEKEEP AT KING’S HEIGHTS TOWNHOMES BY MERGE DEVELOPMENTS
3102-15 Sunset Square Cochrane, Alberta
14 HEARTLAND TOWNHOMES BY EXCEL HOMES 101 Hillcrest Dr. SW
LETHBRIDGE Airdrie
17 ZEN OKOTOKS BY AVALON MASTERBUILDER
www.zeninbalance.com
13 Riviera Way Cochrane, Alberta
08 THE RANGE BY BIRCHWOOD PROPERTIES CORP. 101 Heartland Avenue Cochrane, Alberta
NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 39
SATELLITE COMMUNITY
40
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19/12/14 11:26:31
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NORTHRIDGE DR
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OKOTOKS
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NORTHWEST
FROM THE $300’S
NORTHWEST COMMUNITIES
AIL TR NA PI
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AG AN
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NOSE HILL PARK
HN CR LA O UR 14 WC IE HI BLV LD D. TR AIL
5353 Crowchild Trail NW
17 BROWNSTONES BY GENESIS BUILDERS GROUP
16 Sage Meadows Circle NW
CENTRE STREET
IL FO OT TR A
881 Sage Valley Boulevard 32 Avewww.sonomasagehill.com
19
19 916 BY SABLE DEVELOPMENTS
Sales Centre Now Open 16 AVENUE
21 LIDO BY BATTISTELLA
Centre E IVSales D R 1120 Kensington Rd
ME M O R I AL
21
36 STREET
22 AVIRA BY JAYMAN MODUS
17 Ave
Sales Centre located on Evanspark Blvd. NW
37 STREET
04 WILLOW AT SHERWOOD BY AVI URBAN Coming Soon Visit Sales Centre at 64 Nolan Hill Gate
05 ARRIVE AT EVANSTON BY PARTNERS DEVELOPMENT GROUP Symons Valley Parkway please call 587-755-1166
MacLEOD TRAIL
Sales Centre Now Open 3503 Sage Hill Drive NW
CALGARY INTERNATIONAL AIRPORT
18 SONOMA AT SAGE HILL BY VERTICAL PROPERTIES
ELBOW DRI VE
03 VIRIDIAN BY TRICO HOMES
15 THE GROVES OF VARSITY BY STATESMAN HOMES
W
02
SARCEE TRAIL
69 STREET
85 STREET
RE T BY BUCCI RAIL Presentation Centre opening soon at 2nd Ave and 10th St. NW
14 UNIVERSITY CITY BY KNIGHTBRIDGE
IL N
16 AVENUE
01 PANORAMA WEST BY CARDEL LIFESTYLES 175 Panatella Hill NW 02 KENSINGTON GLENM O
TRA
64 Ave
OLD BANFF COACH ROAD
Now Open Show suite 175 Panatella Hill NW
GLENMORE RESERVOIR
BARLOW TRAIL
16 A V
14 ST RE ET
10 SAGE PLACE BY CARDEL LIFESTYLES
BLACKFOOT TRAIL
Y TR
SE
SH
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15
01 . BLVD S L IL H
NTRY COU BED DIN GTO N
STONEY TRAIL NW
JO
22
ER
D.
DE
YR
16
Sherwood Blvd at Sherwood Way NW Register Now www.thetimbers.gablecrafthomes.ca
STONEY TRAIL NW
EDMONTON TRAIL
LE
04
05
07 THE TIMBERS BY GABLECRAFT HOMES
CENTRE STREET
85 ST. NW
06 07
VA L
14 STREET
NS
44 Nolan Hill Blvd. NW
HA RV BLVEST H D N ILLS E
17 03
14TH ST NW
10 18 SY MO
COUNTRY HILLS BLVD.
SYMONS VALLEY PKWY
ROCKY RIDGE BLVD.
144 AVE NW.
06 TRINITY BY JAYMAN MODUS
SOUTHLAND DRIVE ANDERSON ROAD
DEERF
OOT T
W BO
CRE
M AIL TR
AIL
VITT
McKE
TR OD
LE Mac
S JAME
SHAWNESSY BLVD.
EK P ARK
TTO BO
FISH
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IS OF
U MARQ
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TRAIL
NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 43
MORTGAGE ADVICE
// BY ALYSSA RICHARD
WHAT CAN WE EXPECT FROM MORTGAGES IN 2015?
M
Alyssa Richard is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.
As for 2015, while no one has a crystal ball, most economists agree there’s not likely to be any notable increase in mortgage rates
ost of us see the end of one year and the start of a new one as a time to reflect on all we’ve accomplished. In the mortgage industry, the Canadian Association of Accredited Mortgage Professionals (CAAMP) uses this time to reflect on all that’s happened in the residential mortgage market. The annual report the organization releases each November includes data from various sources, including a survey of more than 2,000 Canadians. Here are some of the most interesting facts we pulled from the latest report: More Canadians are becoming comfortable with variable-rate mortgages. In fact, 20 per cent of those who bought homes in 2014 went with a variable rate, which is up 11 per cent from the nine per cent who did so in 2013. We suspect this increase comes from more than four years of watching the prime rate sit at three per cent, which makes variable rates seem less “risky.” It’s not surprising that the average mortgage rate on all home purchases in 2014 dropped to 2.89 per cent (from 3.23 per cent in 2013). Both fixed and variable rates have been low all year, but those who went with a variable rate got some of the best mortgage rates that the residential market has ever seen. Some more good news: the average down payment on the 10 million homes purchased in 2014 was 21 per cent of the purchase price! When asked why they bought homes, CAAMP found Canadians saw homes as 70 per cent a place to live and 30 per cent as an investment. For that reason, it’s not surprising that 91 per cent of the new buyers reported being happy they became homeowners, and many felt mortgages were “good debt” to take on. While mortgage debt climbed this year (from $1.19 trillion to $1.3 trillion), so did the number of Canadians who are now 100 per cent mortgage debt-free. According to the report, 3.98 million homeowners have paid off their mortgages. That’s 41 per cent of all homeowners. Of course, that leaves 59 per cent of Canadian homeowners with some amount of mortgage debt on their plates – and pulling out equity from a home counts as part of that. In total in 2014, $63 billion of equity was taken out of homes and used for debt consolidation, home renovations, investments, education and other purchases. As for 2015, while no one has a crystal ball, most economists agree there’s not likely to be any notable increase in mortgage rates next year. In its latest rate announcement on Dec. 3, the Bank of Canada once again maintained its target for the overnight rate at one per cent, citing Canada’s economy as showing signs of a broadening recovery. Stronger exports are leading to increased business investment and employment, which suggests the rebuilding that will lead to balanced and self-sustaining growth may finally have begun, BoC says. The Bank’s next scheduled rate announcement will take place on Jan. 21, 2015.
44 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
TO T H E N O R T H
NOW PRESELLING ARRIVE
AT EVANSTON
HOME TO EVERYTHING YOU LOVE ARRIVE
’s
E
T
GS
FO
CL
$3
UD
ES
ER
TRAIL
STONEY TRAIL
REDSTONE DRIVE
REDSTONE WAY
IN
AT REDSTONE 403 264 8963
OT
METIS TRAIL
128 AVE
PRE-CONSTRUCTION INCENTIVES NOW
COUNTRY HILLS BLVD
587 755 1166 AT EVANSTON
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ARRIVEHOME.CA
IN THE NEWS
BOOMING YEAR FOR CALGARY’S CONDO MARKET // BY HEATHER RYAN IT’S BEEN A BOOMING YEAR for Calgary’s condo
market with sales for apartment and townhome condos rising 19.5 per cent above last year due in part to economic stability and population growth in the city. “Thirty per cent of our market is condos for the large part due to immigration and job creation so there are more people moving into the city and looking to purchase especially given our almost non-existent rental vacancy,” says Bill Kirk, president of the Calgary Real Estate Board. “Condos have also developed to the point that they offer the variety, lifestyle and affordability that people want, and they continue to contribute to the volume of sales in the city.” Kirk also attributes much of the growth in the condo market to rising prices for singlefamily homes – in November, the average reached $560,117 – and a lack of listings in the under-$400,000 single-family market. “People look at condos as a way to get into home ownership because it provides an affordable solution,” says Brad Logel, sales manager for Cardel Lifestyles, a major suburban condo developer. “Buying a condo also allows you to move into ownership without having to deal with everything that goes along with owning a bigger house (shovelling, lawn care, exterior maintenance and the like). “Growth in the condo market has been very strong this year due in part to single-family homes are becoming more difficult for many people to afford,” Logel notes. “But it’s also due to an increased demand in convenient living that condos provide – especially those condo developments (such as Cardel’s Auburn Walk and Cranston Ridge) that are located in amenity rich locations.
46 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
“Because of this, we’re seeing a wide range of people from first-time buyers, single professional females, downsizers, those who are divorced or widowed and empty nesters buying condos.” Parham Mahboubi, vice-president, planning and marketing for inner-city highrise developer Qualex-Landmark, says he’s seen a growing demand for a variety of living options in downtown Calgary, in particular to serve the needs of a growing population under age 45, and the company has responded to this demographic with projects such as the recently sold-out Mark on 10th and the upcoming Park Point, Qualex-Landmark’s sixth condo tower in the Beltline. “We’re seeing a good range of condo buyers, from young urban professionals that are just launching their careers, to well-established executives. Also, as a result of higher condo rental rates and escalating property values in Calgary, we are seeing many investors entering the marketplace seeking a positive long term return on their investment.” In fact, the Real Estate Investment Network recently named Calgary among the top three best cities in Alberta to invest in, along with Airdrie and Edmonton topping the list. “Calgary has a very robust economy making it low risk for investors relative to other cities in Alberta,” Mahboubi says. “It’s also a business leader with a healthy employment sector and population growth.” Logel adds, “If it’s in the right location, well designed and well-built, then it’s very likely a great investment. The last two years have seen quite a few investors buying condos.”
HOMEBUYERS’ HELP
CONDO BUYERS’ RESOURCE SECTION YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD! Compare mortgage rates for your best deal Calculate your mortgage payments using the mortgage payment calculation chart
NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 47
HOMEBUYERS’ HELP
YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD! INTEREST RATES
CALCULATE YOUR MORTGAGE PAYMENTS
AMORTIZATION PERIODS
% 5 YEARS
10 YEARS
15 YEARS
20 YEARS
25 YEARS
3.00
17.96
9.65
6.91
5.54
4.73
3.25
18.07
9.76
7.02
5.66
4.86
3.50
18.18
9.88
7.14
5.79
4.99
3.75
18.29
9.99
7.26
5.91
5.13
4.00
18.40
10.41
7.38
6.04
5.26
4.25
18.51
10.23
7.50
6.17
5.40
4.50
18.62
10.34
7.63
6.30
5.53
4.75
18.72
10.46
7.75
6.44
5.67
5.00
18.85
10.59
7.89
6.58
5.82
5.25
18.97
10.71
8.01
6.71
5.96
5.50
19.08
10.83
8.14
6.85
6.11
5.75
19.19
10.95
8.27
6.99
6.26
6.00
19.30
11.07
8.40
7.13
6.40
6.25
19.42
11.19
8.54
7.27
6.55
6.50
19.53
11.32
8.67
7.41
6.70
6.75
19.64
11.44
8.80
7.55
6.86
MONTHLY PRE-TAX INCOME
SPOUSE’S PRE-TAX INCOME
TOTAL PRE-TAX INCOME
DIVIDE BY THREE
AFFORDABLE MONTHLY PAYMENTS DIVIDED BY 12
AMOUNT OF MORTGAGE (PRICE-DOWN PAYMENT)
CHART FIGURE
AMOUNT OF MORTGAGE DIVIDED BY 1,000
AMORTIZATION AMOUNT
AMORTIZATION AMOUNT
ESTIMATED MONTHLY TAXES AND HEAT
MONTHLY PAYMENTS
FOLLOW THESE STEPS TO SEE IF YOU’LL QUALIFY FOR A MORTGAGE ON YOUR DREAM CONDO
01
Calculate the combined monthly before-tax income of you and your spouse.
Multiply this figure by the amount you need to borrow. Divide by 1,000.
02
Divide by three. This figure is the monthly payment you can afford to make on your condo.
06
Add to this your estimated monthly heating costs and monthly property taxes.
03
07
Take the total price of the condo and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.
04
Refer to the chart above. 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.)
05
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 condo. 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.
48 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
COMPARE MORTGAGE RATES FOR YOUR BEST DEAL VARIABLE
6 MONTHS
1 YEAR
2 YEARS
3 YEARS
4 YEARS
5 YEARS
ATB Financial
2.7
4
2.94
2.89
2.99
3.04
3.24
Alterna Svgs/Alterna Bk
2.6
4
2.98
2.98
2.98
2.94
3.19
4
3.14
3.04
3.85
4.39
3.29
4.55
3.29
2.79
3.44
3.94
3.19
3.14
3.04
3.65
4.2
4.99
3.69
3.75
2.59
3.79
3.04
Bank of Montreal Bank of Nova Scotia
3 2.6
Canadian Western Bank
4
CFF Bank CIBC ICICI Bank Canada
3
2.99
2.79
3.65
3.14
4.99
3.05
3.15
3.65
3.64
3.69
3.89
Manulife Bank
2.7
4.45
3
3.04
3.04
3.09
3.09
National Bank
n/a
4.4
3.14
3.04
3.75
3.09
3.39
President’s Choice Financial
2.65
2.94
3.59
2.99
4.44
3.14
3.95
3.14
3.24
Royal Bank
3
3.14
TD Canada Trust
3
3.09
3.04
3.44
3.14
3.29
Tangerine
3
3.19
3.24
3.49
3.69
3.79
Community Trust
n/a
6.5
3.14
3.25
3.95
4.74
4.99
Concentra Financial
n/a
5
2.89
2.59
3.44
3.94
4.79
Effort Trust
n/a
4.45
3.45
3.6
3.7
4.6
4.95
Home Trust Company
2.5
3.95
2.89
2.89
2.79
2.94
2.95
Investors Group Trust
n/a
4.2
3.14
3.14
3.75
4.64
4.99
MTCC
2.6
4.55
3.29
2.79
3.44
3.94
3.19 3.13
Airline Financial C.U. Comtech Credit Union
4 2.95
First National Fin. LP FirstOntario C.U.
3.01
3.1
3.33
3.65
6.2
2.99
3.25
3.29
2.99
2.99
3.95
2.99
2.59
2.69
2.89
3.09
3.09
3.14
3.29
2.94
3.09
2.99
2.79
2.99
3.14
3.29
3.14
3.14
3.75
4.64
4.99
2.95
2.75
3.45
2.95
3.15
3.6
3.95
4.35
4.84
5.14
3.09
2.65
3.65
3.29
3.19
2.6
IC Savings London Life
n/a
Luminus Financial
2.6
4.2
MCAP
2.5
Meridian Credit Union
2.75
Parama Credit Union
2.85
2.85
3.05
3.15
3.25
3.4
Steinbach Credit Union
2.5
2.65
2.8
2.9
2.95
3.1
4
Rates are subject to change without notice.
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. All mortgages are of two basic types:
CONVENTIONAL
OPEN MORTGAGE
Buyer can borrow up to 75 per cent of the purchase price or the value of the property, whichever is less. Buyer has to pay 25 per cent down. A conventional mortgage cannot exceed 75 per cent of the value of the property.
Allows borrowers are 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 short-term mortgage at high-interest rates to a longer term when mortgage interest rates fall.
INSURED OR HIGH-RATIO Buyer can borrow up to 95 per cent of the purchase price or the value of the property, whichever is less. The down payment can be as low as five per cent.
CLOSED MORTGAGE This usually has the lowest interest rate available but lacks the flexible features of other mortgage options. It’s 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 Offers 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.
NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 01 | NEW CONDO GUIDE 49
INDEX OF ADVERTISERS
READ MORE ABOUT OUR ADVERTISERS! Altadore 36
Brookfield
36
Arrive at Evanston
Partners Developments
45
Auburn Walk
Cardel Lifestyles
3
Avli
Red Management
20-22
Bridgeland Hill
Apex City Homes/GableCraft Homes
Bridgeland Crossing
Apex City Homes/GableCraft Homes
31
Brookside at Baysprings
Merge Developments
38
Champagne
Remington Development Corp.
2
Copperfield Park III
Brad Remington Homes
Cranston Ridge
Cardel Lifestyles
Creekside Village
Carlisle Group
Canoe
Avi Urban
Emerald Sky
Carlisle Group
The Gates
Remington Development Corp.
14
Groves of Varsity
Statesman
18
The Guardian
Hon Towers ltd.
4
Harvest Mosaic
Brookfield Homes
17
Heartland Townhomes
Excel Homes
39
Hunter House
Streetside Developments
37
Kensington
Bucci Developments
18
LIDO
Battistella
22
4
1, 11-13,52 3 24-25 51 24-25
Mosaic Mirage
Brookfield Homes
17
Mosaic Riverstone
Brookfield Homes
17
Muskoka
Brookfield Homes
17
Park Point
Qualex Landmark
29
The Post
Avi Urban
Riverfront Pointe
Carlisle Group
Sabal Homes
Sabal Homes
16
SoBow
M2i Developments
23
21 24-25
The Timbers
GableCraft Homes
7
V&V
Providence Developments
32
Veridian
Trico Homes
24
Vivace
Streetside Developments
34
Waterfront Parkside
Anthem Developments
5
Zen
Avalon Master Builder
41
Jayman Group of Companies Avira Ebony Overture The Rise
PULLOUT INSERT
Trinity Carnaby Heights Harana
50 NEW CONDO GUIDE | VOLUME 18 ISSUE 01 | NewHomeAndCondoGuide.ca
CONDOS FROM THE
TO THE
Sales Centre: 755 Copperpond Blvd. SE | 403.723.0094 2:00-8:00pm Monday-Thursday |12:00-5:00pm Sat-Sun/Holidays MAP IT!
www.copperfieldpark.com