Calgary New Condo Guide - Feb 7, 2014

Feb 07 - Mar 07, 2014 - Volume 17 Issue 02

BUILDING IT RIGHT

INSIDE THIS ISSUE

001-CCG_Cvr_Feb7.indd 2

TAX TIPS FOR HOMEBUYERS

THE CONVENIENCE OF CONDO LIVING

STYLE FILE: SPLURGE VS. SAVE

2014-01-30 5:35 PM

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newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 05

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newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 07

table of contents

Feb 7 – Mar 7, 2014 volume 17 issue 02

11 Brad

Remington Homes

Copperfield Park II

columns, news & features 010 editor’s note Columnists

016 Industry Update First-time buyers: What they look for

by Jim Rivait

018 Saving Space Streamline your home office

by sylvia daoust

030 contemplating condominiums Condo living, the convenient option by linda palfi

042 calgaryism Three reasons to buy a condo in East Village by cody battershill

061 The homebuying process The importance of choosing the right place to live

by Donna Moore

Condo features

011 cover story Copperfield Park II launches next phase with stellar views BY heather ryan

032 condo profile einstein2: A smart choice for savvy buyers BY heather ryan

034 condo profile Jayman Modus: Building condos that make sense for buyers BY heather ryan

Homebuyers’ Help

024 In the News Avi Urban breaks ground with homeowners in The Post at Nolan Hill 036 Hot Topic Tax tips for homebuyers 041 Homebuyers’ Help Insurance tips for condo landlords

052 Style File Splurge versus save

By Sara Duck

056 Tips & Tricks Packing tips to make your move a little easier 058 Condo Sense A seller’s market to kick off 2014: What to expect, and how to go with the flow

By Lydia McNutt

062 Homebuyers’ Help Condo Buyers’ Resource Section 066 INDEX Project Location Maps

015 Southeast Map 023 Northwest Map 029 Inner City 047 Northeast Map 049 Southwest Map 055 Satellite Communities

Vice-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

newcondoguide.com 2891 Sunridge Way N.E. Calgary, AB T1Y 7K7 copyriGHt 2014 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.

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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

TAKE ADVANTAGE while you can

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

The Bank of Canada’s latest announcement to hold its interest rate target at one per cent does not come as a surprise. The rate has been holding at that level since September 2010, which is good news if you’re in the market for a mortgage.

There are many excellent mortgage products available from banks and brokers that will suit your individual needs, and could well be lower than posted bank rates, which are currently hovering around three per cent for a variable rate. With a pre-approval in hand, you’re protected if rates rise; if they go down, you’ll likely get an even lower rate. A pre-approval can be a win-win situation for shoppers, since it means you don’t have to wait to get

financing approval on a home when you put in an offer. This is an especially good tool to have when markets are hot. Removing the “conditional on financing” clause could mean your offer is accepted first since you already have your financing in place.

So when will rates rise? It’s anyone’s guess, but most experts agree it’s unlikely there will be any significant movement until mid 2014.

However, we can’t assume that will be the case, and you shouldn’t wait too long to get pre-approved for a mortgage. It can take a few days. Many lenders offer online pre-approvals to make the process faster and easier.

Start the new year off right by taking advantage, while you still can.

So many reasons to love

CONDO LIVING

LYDIA MCNUTT

EDITOR

Wall2Wall Media Lydia.McNutt@wall2wallmedia.com Follow me on Twitter at Twitter.com/LydiasTweets

There are so many reasons to make a new condo your home. One of them is the sheer variety of condo styles to choose from. Builders today are delivering everything from soaring sky-high suites to intimate midrise building, and more private townhome communities that offer the benefits of detached home living, without having to shovel the snow yourself!

Speaking of maintenance, if you cringe at the thought of dragging the trash out to the curb, mowing the lawn and washing your windows, condo living could be the solution. Yes, you pay monthly maintenance fees, but when you consider what you get in return, you’ll see it’s money well spent.

Are you a jet-setter or a young professional who spends little time at

10 NEW CONDO GUIDE | VOLUME 17 ISSUE 02 | newcondoguide.com

home? With the maintenance taken care of and no worries about your home’s security while you’re away, condo living offers the freedom to live a life unfettered.

Along these same lines, many condo dwellers find it reassuring to know that their neighbour is just a few steps down the hall.

A condominium is a vertical community where you’ll get to know like-minded folks who share your fitness facilities, pool, rooftop gardens, games rooms, libraries and lounges, all steps from your front door.

Raise your lifestyle to new heights in a new condo. You’re sure to be impressed, and inspired.

COVER STORY

COPPERFIELD PARK II launches next phase with stellar views // BY HEATHER RYAN BRAD REMINGTON HOMES’ IMMENSELY POPULAR COPPERFIELD PARK II,

which gives people the opportunity to “Love It, Live It and Afford It,” is getting even better with the launch of its next phase that adds the “View It” factor into the mix.

“We provide high-quality, affordable homes that people love, so we’re very excited to launch our next phase, Building 5, on Feb. 1 that will now also give them some of the best views of the area,” says Bryan Logel, vice-president of sales and marketing for Brad Remington Homes, the creator of Copperfield Park II in southeast Calgary’s Copperfield community.

“People have been very interested and eagerly waiting for the launch of Building 5 because of its location,” he says, adding that half the building will offer stellar views of the adjacent five-acre park – one of the

11

The exterior presents an eye-catching look with premium siding and brick accents, and a landscaped linear park will run through the length of the development

largest parks in Copperfield – and the Rockies, while the opposite side of the building provides views of the beautiful landscape courtyard. “So really, every home offers a prime location with fantastic exposures – the park, open space and the Rockies.”

Logel notes that Brad Remington Homes’ philosophy of designing top quality homes with designs that suit a variety of lifestyles at obtainable prices “really provides an opportunity for people to exit the rental vacuum, and the response to Copperfield Park II has been out of this world; sales have been incredible.”

Logel expects that will continue in Building 5, which will offer all the popular plans of the first three buildings and an amazing starting price in the $130,000s, making it affordable for first-time buyers.

Plans range from 525 to 973 sq. ft. with one- and two-bedroom designs available to suit the differing needs and budgets of today’s homebuyers.

The well-appointed interiors include full-sized kitchens with expansive counter space, slab or mission-style cabinets that come in three different colour choices, four appliances – fridge, stove, dishwasher and over-the-range microwave – in-suite laundry with the washer and dryer included, and private balconies for outdoor entertaining.

Buyers can also customize their home by selecting cabinet colour and style, along with their carpet, countertop and flooring colours. They can

12 NEW Condo Guide | Volume 17 issue 02 | newcondoguide.com

further personalize their home and choose optional upgrades including fireplace, granite countertops, air conditioning and/or hardwood flooring, to name a few. “Copperfield Park II offers something for everyone plus it includes a titled parking stall and storage unit with each suite, our superb level of specifications and high quality construction,� Logel says.

When completed, Copperfield Park II will be comprised of six four-storey buildings with 360 apartment-style condos. The exterior presents an eye-catching look with premium siding and brick accents, and a landscaped linear park will run through the length of the development.

Residents 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.

As well, the completion of the 130 Avenue S.E. extension has improved access for residents to Sheppard shopping, and the opening of the Stoney Trail ring road in the fall provides greater accessibility to the community and to points around the city. The location also provides easy connections to Deerfoot Trail and 52 Street S.E. New showsuites in Copperfield Park II are expected to open in the spring, but people can visit the current sales centre and showsuites at Copperfield Park, 279 Copperpond Common S.E., open Monday to Thursday, 2 to 8 p.m.; and weekends, noon to 5 p.m. For more information, visit copperfieldpark.com, or call 403.723.0094.

newcondoguide.com | Volume 17 issue 02 | NEW Condo Guide 13

SOUTHEAST

14

FA L RID C GE

MCKNIGHT BLVD.

EDMONTON TRAIL

14 STREET

CENTRE STREET

INTERNATIONAL AIRPORT

16 AVENUE 12 AVENUE

68 STREET

CRI J PARK OW OHN CH L ILD AURI E TRA BLV IL D.

32 Ave

16 AVENUE

RIVE RIAL D

MEMO

RIAL D RIVE

SOUTHEAST COMMUNITIES 36 STREET

MEMO

52 STREET

ELBOW DRI VE

585 McKenzie Town Drive SE

1797 Copperfield Blvd SE

09

14

W BO

206 Cranford Drive SE

NEW BRIGHTON

116 Quarry Park Way SE

M TR AIL F UIS O

MARQ

AIL

VITT

D TR

McKE

LEO

Mac

S JAME

07

15

05 COPPERFIELD

13

MAHOGANY

20 21

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 AUBURN BAY

BY BROOKFIELD HOMES 174 Auburn Bay Blvd SE

04 MOSAIC LAKESIDE AUBURN BAY

BY BROOKFIELD HOMES

22

03 04 16 06 08

13

01 CRANSTON RIDGE

BY CARDEL LIFESTYLES

285 Walden Drive SE aviurban.com

23

12

AUBURN BAY

CRANSTON

01

10

15 EDISON

BY AVI URBAN

02 11

16

IL E TRA LORN

CHAPARRAL

27 Auburn Bay Link SE

14 BOULEVARD TOWNES

BY BIRCHWOOD

TTO BO

EK P ARK

SHAWNESSY BLVD.

Coming to Mahogany

13 MOSAIC CRANSTON

BY BROOKFIELD HOMES

114 AVE SE

DEERF18 OOT T RAIL

CRE

12 EBONY

BY JAYMAN MODUS

84 STREET

19

ANDERSON ROAD

52 STREET

BARLOW TRAIL

GLENMORE TRAIL

SOUTHLAND DRIVE

FISH

10 MCKENZIE TOWNE ELGIN

BY BROOKFIELD HOMES 11 CHALETS IN COPPERFIELD

BY SABAL HOMES

MacLEOD TRAIL

GLENMORE RESERVOIR

17 Ave

BLACKFOOT TRAIL

17 Ave

SETON BLVD.

16 AUBURN BAY

BY STONECROFT

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 Presentation Centre: 350 Quarry Park Blvd SE

05 MINT

BY JAYMAN MODUS

19 CHAMPAGNE

BY REMINGTON DEVELOPMENTCORPORATION

130 New Brighton Way SE thatsmint.ca/live

Quarry Park Blvd SE remingtoncorp.com

06 ZEN

BY AVALON MASTER BUILDER

20 CRANSTON PLACE CONDOS

BY CARDEL LIFESTYLES

82 Auburn Bay Link SE

07 PRESTWICK PLACE

BY CARDEL LIFESTYLES

302 Cranston Road SE

21 CRANSTON PLACE TOWNHOMES

BY CARDEL LIFESTYLES

115 Prestwick Villas SE

08 MUSKOKA

BY BROOKFIELD HOMES

302 Cranston Road SE

22 MAHOGANY STREET TOWNS

BY HOMES BY AVI

27 Auburn Bay Link SE

09 BRISTOL TOWNHOMES

BY BIRCHWOOD NOW SELLING

13 Marine Dr SE

23 SYMMETRY AND HARMONY

BY STONECROFT

232 Quarry Park Blvd. SE

121 Copperpond Common SE

COPPERFIELD PARK II LOVE IT. LIVE IT. AFFORD IT.

CONDOS* FROM THE $130’S +GST Titled parking stall included.

*

www.copperfieldpark.com 403.723.0094 newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 15

industry update

// by Jim Rivait

First-time buyers:

What they look for

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.

I

f you are younger, taking extra time to decide on a home purchase and hungry for more information on the subject, there is a good chance you are an FTB – a first-time buyer.

The Canada Mortgage and Housing Corp. (CMHC) recently surveyed 500 first-time buyers online and then followed up with focus group discussions with recent and prospective buyers.

What they found tells us a lot about first-time buyers and how their approach to the search for a home compares with repeat buyers.

For starters, they found 72 per cent of FTBs searched online for “home buying info,” compared to just 29 per cent of repeat buyers.

Their key reasons for wanting to enter the housing market were “not wanting to rent” and “wanting to own their home.” Those explanations will sound familiar to

many potential FTBs in this community, who see people flocking to Edmonton because of good wages and a strong job market.

Population growth is driving down the city’s apartment vacancy rate to among the lowest levels in Canada. That tight market will make good apartments harder to find and swing the doors wide open for landlords to raise rents. Besides wanting to start building personal equity and wave goodbye to the landlord, first-time buyers have other things in common.

They are young – almost two-thirds are under 35 years of age – and because they are still in the earlier stages of their careers, they have lower incomes than repeat buyers.

First-time buyers also need a little more time to complete a purchase, taking an average of 10 months to plan a move instead of the seven-month norm for repeat buyers. But once they have purchased a home, they are 50 per cent more likely to move again within the next five years than repeat buyers.

One big question facing FTBs that the survey did not cover was whether to buy a new or a used home. The survey did touch on one factor that should be part of that decision – the need to spend more money to fix problems or improve the property after the purchase is completed. More than half of first-timers expect to make major repairs or improvements within five years of the purchase.

The reality is many rookies in the real estate market will find comfort levels are higher with new homes because they can tailor a home to best fit their needs, take advantage of technological advances that will lower utility bills, and enjoy peace of mind knowing they will not face big repair bills.

First-time buyers also need a little more time to complete a purchase, taking an average of 10 months to plan a move instead of the sevenmonth norm for repeat buyers.

They can also avoid the stress and hassles of trying to find a resale property that fits both their needs and budget only to then to be forced to make a hurried decision on whether to put in an offer.

One excellent source of information on homebuying – and we know FTBs are looking for all the material they can find – is the CHBA Edmonton Region website. It includes a host of tools and resources to help consumers find the right location, style of home and features for them. It’s also where you can find a list of CHBA members with the experience and expertise to satisfy both first-time and repeat buyers.

The CHBA – Alberta represents more than 1,500 business members including new home builders, renovators, developers, trade and supply companies, and professional services.

16 NEW Condo Guide | Volume 17 issue 02 | newcondoguide.com

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Saving Space

// by sylvia daoust

Streamline your Home Office whether you prefer open storage or closed. The challenge with “out of sight, out of mind” storage is, well, forgetting what’s behind closed doors.

Organizing like items together with specific labels will make retrieving them effortless.

Streamline your home office by creating two distinct zones: • Zone 1 is where it all happens. Imagine you are comfortably sitting at

Sylvia Daoust, owner of Niche Small Space reDesign, is one of Calgary’s only professional organizers with expertise in small spaces. She is renowned for simplifying homes and offices with mini-renovations, redesigned rooms and tricky organization projects. Join her blog, nicheredesign.com/blog/ where smart solutions transform challenging spaces every week! Follow Sylvia on Facebook.com/nichedesignsinc and Twitter@SylviaDaoust.

I

f unopened mail is sliding off your desk, paper piles have merged into one small mountain, and the computer screen has become a Post-It haven, entering your home office can be unpleasant.

The good news is, you’re not the only person dealing with clutter.

We’ve all been there, and many of us are there! The bad news is, this is the space where your taxes need to get done, but who can be productive in surroundings that make you want to run the other way?

Lack of appropriate storage is most often the reason office spaces become a cluttered mess. Before you tackle the piles, designate storage spots within close proximity and work your way out.

For example, where does the mail go? Where do the receipts for the current tax year go? Now consider

your computer. The phone, the printer, a few desk supplies, and your action files are all within arm’s reach. Having this accessibility does not suggest everything is piled on top of your desk! Your desktop is prime working space, not for storing office supplies. When my desk is cluttered, my head starts to spin and I can’t focus on anything! If you don’t have enough drawer storage, mount wall pockets for active files on the side of the desk, file cabinet or wall space.

• Zone 2 is the area where you store additional supplies, the printer, reference books, or anything you don’t need access to on a daily, even weekly, basis. If you are one of the lucky ones, a closet or bookcases provide you with the space you need for these items. Label a few bins or baskets to store electronic equipment, software and printing supplies. If you’ve got an old metal cabinet with files jammed in there from the ’90s, consider using file boxes instead. These are easier to manage and line up nicely on a shelf.

Organize the paper piles in creative ways and find storage options that won’t sacrifice the prime real estate on your desktop. Now that your office space screams productivity, you can breathe a little easier when it comes time to tackle your taxes.

18 NEW Condo Guide | Volume 17 issue 02 | newcondoguide.com

Project by:

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newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 19

ZEN GH CondoGuide 201402.indd 1

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NORTHWEST

4 LEFT

10 LEFT

SAGE VALLEY RD.

N

GE VALLEY BLVD. SA

SH A AG PPI TRAIL NW

NA

22

17 LEFT

NORTHWEST COMMUNITIES

ENU

E

14 ST RE ET

19

FO OT TR A ER DE

16 Sage Meadows Circle NW 32 Ave 18 S ONOMA AT SAGE HILL

BY VERTICAL PROPERTIES

881 Sage Valley Boulevard www.sonomasagehill.com 16 AVENUE

19 9 16

BY SABLE DEVELOPMENTS

ME M O R I AL

21

DR

36 STREET

37th Street and Kincora Glen Road N.W.

06 T RINITY

BY JAYMAN MODUS

GLENMORE RESERVOIR

Sage Hill View NW

500 Rocky Vista Gardens N.W.

22 A VIRA

BY JAYMAN MODUS Coming Soon

BARLOW TRAIL

04 S WAN LANDING

BY SWAN GROUP

Sales Centre 1120 Kensington Rd

MacLEOD TRAIL

9 Nolan Hill Blvd. NW

64 Nolan Hill Gate www.aviurban.com/thepost

21 L IDO

BY BATTISTELLA

BLACKFOOT TRAIL

37 STREET

05 E NCORE AT KINCORA

BY CARLISLE GROUP

03 V IRIDIAN

BY TRICO HOMES

Centre Now Open E IVSales

20 T HE POST (NOLAN HILL)

BY AVI URBAN

17 Ave

07 S AGE HILL VILLAGE

BY SLOKKER CANADA WEST INC.

Sales Centre Now Open 3503 Sage Hill Drive NW

13001 Coventry Hills Way www.coventrystation.ca

17 B ROWNSTONES

BY GENESIS BUILDERS GROUP

ELBOW DRI VE

RE T

BY BUCCI RAIL Coming Soon Show Suite 306 10th St. NW

5353 Crowchild Trail NW

16 C OVENTRY STATION

BY HUNTER RESIDENTIAL DEVELOPMENTS

CALGARY INTERNATIONAL AIRPORT

02

SARCEE TRAIL

69 STREET

85 STREET

175 Panatella Hill NW GLE 02 VEN NM O

15 T HE GROVES OF VARSITY

BY STATESMAN HOMES

W

16 AVENUE

01 P ANORAMA WEST

BY CARDEL LIFESTYLES

14 U NIVERSITY CITY

BY KNIGHTBRIDGE

IL N

64 Ave

OLD BANFF COACH ROAD

livesagestone.com

IL

01 .

BLVD S L IL 05 TRY H N COU BED DIN GTO NT RA

NOSE HILL PARK

JO HN CR LA OW UR 14 IE CH BLV ILD D. T R 08 AIL

13 S AGESTONE

BY GREENVIEW DEVELOPMENTS

22

EDMONTON TRAIL

AIL 16 A V

16

Now Open Show suite 175 Panatella Hill NW

STONEY TRAIL NW

HA RV BLVEST H D N ILLS E

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BY CARDEL LIFESTYLES

CENTRE STREET

STONEY TRAIL NW

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3951-46 Avenue NW

CENTRE STREET

PANORAMA ROAD NW.

07 13 20 10 18 17 03 SY MO NS VA LLE 06 YR D.

14 STREET

COUNTRY HILLS BLVD.

85 ST. NW

ROCKY RIDGE BLVD.

144 AVE NW.

08 V ARSITY LANDING

BY CARLISLE GROUP

SOUTHLAND DRIVE ANDERSON ROAD

DEERF

OOT T

RAIL

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NW CALGARY TOWNHOMES WITH 3 CAR PARKING FIS M TTO BO

H Cat pre-construction pricing Last chance to own REEK PA$300’s RK starting from the

AIL

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AVIURBAN.COM/THEPOST BLVD.

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newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 23

In The News

AVI URBAN

breaks ground with homeowners in The Post at Nolan Hill After much anticipation,

Avi Urban has broken ground at their NW Calgary townhome development, The Post at Nolan Hill. Charron Ungar, president of Avi Urban, and Victor Mutambo, general manager of Avi Urban, recently celebrated this momentous occasion with first-time homeowners Darren Stiles and Stephanie MacGregor.

Stiles and MacGregor just purchased a 1,167-sq.-ft. twobedroom home at The Post.

“This is our first place, and we bought the two-bedroom Saffron floor plan,” says MacGregor.

“We are really excited to move into The Post!”

The collection of 59 threestorey townhomes in The Post at Nolan Hill range from 1,100 to 1,400 sq. ft. and feature nine-ft. ceilings, two-car attached garages and driveways for three-car parking, bright colonial exteriors, and incredible interior finishes.

With pricing starting in the $300’s, more than 35 new homebuyers have already chosen to call The Post “home.”

Located in the popular NW Calgary community of Nolan Hill, The Post sits just steps away from incredible local amenities, including a full retail plaza set to start construction soon.

“The Nolan Hill community is one of the most vibrant neighbourhoods in Calgary’s NW,

PICTURED (from left to right): Avi Urban president Charron Ungar; homebuyers Darren

Stiles and Stephanie MacGregor; and Avi Urban general manager Victor Mutambo

and the groundbreaking of Post means our newest Avi Urban homeowners will have the opportunity to experience the benefits of calling this part of our city ‘home’,” says Ungar.

“Future residents will enjoy immediate access to shopping and transit in a secure and well-planned master community. This, combined with Avi Urban’s continued commitment to extraordinary design, will translate what was once a dream into one of Calgary’s premier townhome developments.”

Pre-construction homes are almost sold out, with more townhomes set to be released later this year. For information about future releases, register at aviurban.com/ThePost, or call 403.536.7290. The sales centre is located at 64 Nolan Hill Gate NW and is open Monday to Thursday from 2 to 8 p.m.; and weekends and holidays from noon to 5 p.m.

About Avi Urban Avi Urban is a Calgary-based builder of quality multi-family homes.

Recognizing a demand for innovative multi-family developments, Homes by Avi created Avi Urban in 2000. From the beginning, the goal was to offer homeowners the ultimate in comfort and function, while building innovative, thoughtful developments that bring an urban aesthetic to a highly livable product. By redefining multi-family development, Avi Urban has earned its place as an innovative market leader. Avi Urban’s broad range of communities include a highly modern live/work development in the inner city, street-oriented row housing in exclusive neighbourhoods and large scale, multi-phase townhome developments.

24 NEW Condo Guide | Volume 17 issue 02 | newcondoguide.com

NORTHWEST

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2012 CHBA - Calgary Region

Celebrating 2011 25 Years

Awa rd W i n n i ng Co nd o s i n Vars i ty

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From the 290s to 600s 780 Varsity Estates Dr NW Calgary, AB T3A 1W9 Telephone: 403.286.8143 | www.grovesofvarsity.com

25

VIEW OUR MAGAZINES ON ANY

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Now you can view all New Condo Guide magazines online using any smartphone, tablet or desktop device.

NEWCONDOGUIDE.COM

Published by

NORTHWEST

V is for Viridian WHO SAYS YOU CAN’T HAVE IT ALL? Viridian condominiums combine unmatched suburban living with innovative urban style. Get on it!

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DATE: 27 Jan 2013 Produced by

1005 - 11 Ave SW Calgary, AB T2R 0G1 Phone: 403.287.9300 Fax: 403.287.9915

F I L E

N A M E S

A R E

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File Name VIR-12085 Condo Guide v2.indd Publication Condo Guide Insertion Feb7 - Mar6, 2014 Issue Client Trico Homes Size 6.75” x 4.625” Fonts used Helvetica Neue LT, Rockwell, Times Picture info Producer GS Revision # Reference #

Page #1 of file T H I S

DO NOT ALTER THIS ARTWORK WITHOUT CONTACTING TRICO HOMES

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newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 27

INNER CITY

Upscale urban condos minutes from… well… everything!

vencondos.com 403-225-0023

VISIT OUR SHOW SUITE 306 10th Street NW Monday – Thursday 12pm – 6pm (closed Friday) Saturday – Sunday 12pm – 5pm On the Second Floor above Midtown Kitchen and Bar

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INNER CITY 13 F IRST

BY FRAM + SLOKKER

East Village Experience Centre 553 Riverfront Ave. SE

RILEY PARK VE 4A

6 AVE N

5 AVE N

VE 2A

3

N

SUNNYSIDE 20 STATION

ROTARY PARK

PRINCE’S ISLAND PARK

05 17

14 6 TH & TENTH

BY LAMB DEVELOPMENT CORP. 21

UCIDA 15 L

BY CHELSEA HOMES 3804 MacLeod Tr. S

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EAU CLAIRE04 MARKET

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01

16 S TEPS BRIDGELAND

BY GIUSTINI BRIDGES IN. Sales Centre 921 - 1st Ave. NE www.stepsbridgeland.com

10

4 AVE S

06

17 9 16

BY SABLE DEVELOPMENTS

13 18

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MILLENNIUM PARK

02

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9 AVE S

1 ST W

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MOUNT ROYAL VILLAGE

VICTORIA PARK / STAMPEDE STATION

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4 ST W

5 ST W

CLIFF ST

17 AVE S

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1 ST E

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PROSPECT AVE

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MACLEOD TR

2 ST W

4 ST W

5 ST W

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10 ST W

11 AVE S 12 AVE S

FORT CALGARY

CITY HALL

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23 AVE S

916 Memorial Drive

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OLYMPIC WY

GREYHOUND BUS TERMINAL

26 AVE S

23

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01 R IVERFRONT POINTE

BY CARLISLE GROUP

06 A VENUE

BY GROSVENOR & CRESSEY

02 M ARK ON 10TH

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21 E INSTEIN2 IN BRIDGELAND

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23 M ISSION 34

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10 B RIDGELAND CROSSINGS

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newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 29

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CONTEMPLATING CONDOMINIUMS

// by Linda Palfi

Condo living – the convenient option

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 at 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

T

he benefits of condominium living are sometimes overlooked by those unfamiliar with the concept.

Simply put, a condominium combines the rights of privateproperty home ownership – including investment value – with the efficient shared responsibility for common services. As well, the price to get into a condo home is considerably less than a singlefamily house.

In the case of high-quality apartment living, for example, condominium ownership allows us to own an apartment home, rather than being limited to renting it, as was the case just a few decades ago.

And these days, a condo investment appreciates faster than the rate of inflation, giving us a likely future return on investment, as well was a comfortable roof over our heads in the meantime.

A particular convenience of condominium living is the centralized management of all the common-area cleaning, gardening, snow shoveling and maintenance that non-condo house owners must each do themselves, or need to arrange to have done. (Note: It is possible to own houses organized as condos – very convenient!) Obviously, it’s far more costeffective to have 40 or 100 apartment, townhouse, villa or condo house owners do these things as a group than individually. And usually a professional firm even takes care of hiring the help!

While people commonly refer to a monthly “condominium fee,” it’s not really a fee at all, but a contribution by neighbours to their shared costs for maintaining their own investments in their homes, and to provide the level of services and recreation they themselves choose to maintain. Calculated by the square foot, condo fees are lower than the realistic cost of heating and maintaining a single-family home in a traditional subdivision.

To help people get along – and to maintain investment value – condominium developments have bylaws setting standards of behaviour that often far exceed those of rental apartment buildings. So not only do we see that the buildings, grounds and parking facilities of condominiums are of a high standard, but people living there know what the rules are and for the most part, behave accordingly.

Calculated by the square foot, condo fees are lower than the realistic cost of heating and maintaining a single-family home in a traditional subdivision.

If you want, you can become involved in your condo corporation board of directors and help to run your condo development. How many people get to help direct or chair a multi-million-dollar-value corporation?

And if you prefer not, stay on the sidelines, watch the janitor/gardener/ plumber do his work, and tell your board when he’s not doing a good job.

In other words, condo life can be as involved or as involvement-free as you choose it to be.

The demographics of aging baby boomers, smaller families and more singles is creating an increasing switch to condominium living. As well, low rental apartment availability combined with low interest rates is pushing a growing shift to buying quality condominium homes of every style, rather than renting.

Whether inner city or suburban, and whether highrise or townhouse-style or even single-family-home style, condominium ownership is increasingly popular. From the modest and surprisingly affordable to the spectacularly luxurious, condos offer choices for every income and lifestyle.

30 NEW Condo Guide | Volume 17 issue 02 | newcondoguide.com

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condo profile

einstein2

A smart choice for savvy buyers // By Heather Ryan

s

mart condo shoppers will be ahead of the class when they choose einstein2 in Bridgeland, one of the most livable, vibrant and evolving communities in Calgary.

“Bridgeland is among the most active redevelopment communities in the inner city and we’re really excited to be there,” says Gary Beyer, president of The Providence Group, which is crafting this contemporary condo project similar to its highly successful einstein in Marda Loop. “It has a great history and its close proximity to downtown is a major focus for us, as 75 per cent of our buyers want to be close to the downtown core for work.”

At einstein2 residents can leave their vehicle at home and walk, bike or take the nearby C-Train to downtown and to local amenities. From this premium location it’s just a short walk to the neighbourhood’s Bridgeland Market for fresh products, local cafés, trendy breakfast diners, restaurants, shops, services, parks and river valley pathways. einstein2 consists of two, four-storey buildings on the corner of Edmonton Trail and 4th Avenue N.E. The first phase was recently launched in January with sales and prices to be released in mid-February, and it promises to be among the most affordable in the inner city. The first phase will offer 61 suites consisting of one-, two- and three-bedroom floor plans. einstein2 is a smart choice for buyers looking for exceptional interior finishes and features. Interiors are hip and savvy with contemporary European designs and unique smart storage ideas that maximize every square inch of space and make the suites feel much larger than the square footage indicates.

There are abundant floor-to-ceiling cabinets in the kitchen, allowing you to store more than just kitchen items, and bedrooms have built-in wardrobes with ingenious organizer systems that use 15 per cent less space and provide

32 NEW Condo Guide | Volume 17 issue 02 | newcondoguide.com

While the interiors are contemporary, the exterior offers an appealing timeless design enhanced by landscaping, an inner courtyard and rooftop patios 50 per cent more storage than typical closets, giving you more effective storage than many larger condos.

The kitchens feature a flex-use, multi-functional island that is perfect for food prep, socializing, working from home, or enjoying a meal with friends as it doubles as a dining table.

Continuing with the European design, you will find all suites

Beyer says while the interiors are contemporary, the exterior offers an appealing timeless design enhanced by landscaping, an inner courtyard and rooftop patios.

“When we surveyed our registrants, the number one thing they wanted was a rooftop patio, and second, an exercise room. We’re offering both,” Beyer says, noting the two sustainable rooftop patios will feature fireplaces, an oversized chess board, barbecue, social spaces, yoga space and fantastic city views.

If all of this isn’t enough, techsavvy buyers will love einstein2’s eIntelligence – a cutting-edge living environment management system that allows them to unlock doors, control lighting, set ambient temperatures and more, through the security of their iPhone, Android or tablet.

To learn more about einstein2, visit the sales centre at 139 17th Ave. S.W., open Monday to Friday, 11 a.m. to 6 p.m., and weekends, noon to 4 p.m. Call 403.570.5896, or visit einsteincalgary.com.

outfitted with Euro appliances, including a built-in stainless steel oven and gas stove cooktop, integrated fridge and dishwasher, and lift-up bi-fold cabinets.

The suites also come with a stacked washer and dryer, as well as a patio with a gas hook-up, a heated underground parking stall and a storage locker.

Beyer says when downsizing a two-bedroom into what is often a onebedroom space, “many builders will drop the second bathroom. But it was important to us to have that second bathroom so we’ve created a Euro full three-piece bathroom that is smartly designed to include a tiled open shower, floating sink vanity, and a tankless toilet. The design maximizes the space and allows for functionality and low maintenance.” newcondoguide.com | Volume 17 issue 02 | NEW Condo Guide 33

condo profile

Jayman Modus

Building condos that make sense for buyers // By Heather Ryan

g

oing through a transformation in 2012 gave Jayman’s multi-family division a new modus operandi that included a new brand, a new name, and a new direction with a vision to become Alberta’s leading boutique condo developer and give buyers homes that make sense.

Today, Jayman Modus offers a distinct way of doing things to ensure an easy home-buying experience for customers; a distinct way of life by offering design-savvy, affordable condo communities; and a particular approach so the customer is happy from the start and through the entire process.

“With our 30 years of building experience we consistently build and

34

view each community as a separate entity based on the end customer,” says Sandi Serr, project marketing specialist for Jayman Modus. “Building based on experience means that quality of the product is consistently above average, even though each community varies based on market.”

Since its transformation, Jayman Modus has gone from a two-community builder to offering five to seven different products, from apartment-style condos to two- and three-bedroom townhomes with garage in several communities – all in keeping with the Jayman Modus quality and service.

“We have also integrated Focus Group market research into our business,” Serr says. “By doing so we are able to understand our buyer and what type of things they are looking for in a new home – from layouts and interior design features, to services and amenities and community location. We also understand what inspires them and how we can facilitate their needs.

“ Building based on experience means that quality of the product is consistently above average, even though each community varies based on market”

Jayman Modus 02-07-14.indd 1

2014-01-29 3:19 PM

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 multifamily builder. The largest combination of interior options, amenities, models, building styles, communities, cities, pricepoints 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.

Jayman Modus 02-07-14.indd 2

2014-01-29 3:19 PM

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.

■■■

into your home easier by making an initial downpayment and then monthly installments up until move in date.

■■■

an improved quality of living with included amenities like gyms, courtyards, parks, party rooms and more.

■■■

a smooth transition with our complimentary moving van.

■■■

help selling your home for the best possible market value.

■■■

one year jayman service warranty.

■■■

to save money on legal fees.

Jayman Modus 02-07-14.indd 3

2014-01-29 3:19 PM

3 bedroom townhomes with garage

Signature Residences + Luxury Penthouses

Be Charmed by a Community that has been Designed for the Ages

Upscale City Living at its Finest

featuring:

featuring:

• 1411 – 1466 sq ft boulevard townhomes • 1578 – 1638 sq ft extra wide ravine homes • Almost all homes have south facing rear decks • Heated double garage • Stainless steel appliance package • Washer & dryer

• 1-3+ bedrooms • 870 sq ft – 2543 sq ft • Airy 10’ ceiling heights • Upscale premium finishes • Air conditioning • Underground heated garage

from low

$300’s+GST

9 Nolan Hill Blvd NW

Jayman Modus 02-07-14.indd 4

$470’s to $1.5m+GST

from

Building J5, 2953 Battleford Avenue SW

2014-01-29 3:19 PM

2 & 3 bedroom townhomes with garage

1 & 2 bedroom condos

The Ultimate in Choice all within a Four Season Lake Community featuring:

featuring:

• 1170 sq ft – 1649 sq ft • 9’ ceilings on main floor • Single, tandem and double heated garage • Stainless steel appliances • 3 interior color palette choices • Washer & dryer

• 7 floor plans • 622 sq ft – 1040 sq ft • 9’ ceilings • Engineered laminate flooring • Ceramic tile flooring • Granite countertops • Stainless steel appliances • Washer & dryer • State of the art fitness gym

from

$298,900+GST

211 Mahogany Way SE

Jayman Modus 02-07-14.indd 5

from

$170’s+GST

211 Mahogany Way SE

2014-01-29 3:19 PM

Move in Now

2 & 3 bedroom townhomes with garage 1 & 2 bedroom condos

Distinctive Townhomes Built on Decades of Experience

Plain and Simple, Homes that Work.

Register online for more information and to be part of the unveiling.

featuring: Coming Spring 2014

Town of Cochrane

• Only 22 remaining • Up to 1213 sq ft • Quartz countertops • Laminate/ceramic tile flooring • Unobstructed mountain views • Heated underground parking • Storage space

Evansridge NW

$170’s to $370’s+GST

from

2 & 3 bedroom townhomes with garage Live the Picturesque Life You Love Coming Spring 2014

207 Sunset Drive, Cochrane

Jayman Modus 02-07-14.indd 6

Cochrane

2014-01-29 3:19 PM

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 multifamily builder has. This ensures the smoothest transition possible during your homebuying experience.

It’s just what we do.

Jayman Modus 02-07-14.indd 7

2014-01-29 3:19 PM

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

Jayman Modus 02-07-14.indd 8

2014-01-29 3:19 PM

“The brand focuses on longevity, pre-existing equity, and consistent aspects of our processes such as Jayman Financial, Jayman Realty, quality control and customer service, while our product side focuses on how we make each community different and exciting,” she says.

The communities crafted by Jayman Modus provide various choices to meet the differing needs of today’s buyers in Calgary and in Cochrane.

Ebony in Mahogany in southeast Calgary consists of both one- and two-bedroom apartment-style condos starting from the $170,000s plus GST, and two- and three-bedroom townhomes with garages priced from $298,900 plus GST. Another townhome development in the southeast – Mint in New Brighton – has just sold out.

Buyers who desire inner-city luxury living are catching on to Overture in Currie Barracks, located southwest Calgary and presenting upscale condos ranging from 870 to 2,543 sq. ft., priced from the $470,000s to $1.5 million.

Three-bedroom townhomes with garages are being offered at Trinity in Nolan Hill in northwest Calgary, priced from the low $300,000s. And another project for northwest Calgary – Avira, which will have two- and three-bedroom townhomes with garages – is coming soon.

In Cochrane, Jayman Modus has “Concept” featuring apartmentstyle condos starting from the $170,000s plus GST, and a new project in Riversong at Cochrane, which will have two- and threebedroom townhomes with garages, is coming soon.

Buyers are encouraged to visit the Jayman Modus’ Facebook page at facebook.com/JaymanModus for information on these great projects and more. “It is unique as we have consolidated all of our communities into one Facebook page, but you can source out community information with just one click,” Serr says. “So please chose ‘Like’ it for awesome condo and townhome buying advice.”

As well, Jayman Modus is dedicating itself to improving its online community participation with the creation of a series of special Modus events. “These events are meant to enrich our audience’s lives through fun, feel-good contests, exciting on-site events, community enrichment, and meaningful charitable donations and efforts. Through our Facebook page, we hope to strengthen our tie with the community in fun and meaningful ways while handing out some pretty cool prizes. We hope to see you all there!”

You can also learn more about Jayman Modus and its projects by visiting jayman.com/modus.

newcondoguide.com | Volume 17 issue 02 | NEW Condo Guide 35

hot topic

tax tips for the homebuyer Tax credits to ease the pain of this big-ticket purchase

The Home Buyers’ Plan (HBP) is a program that allows you to withdraw up to $25,000 from your Registered Retirement Savings Plan (RRSP) to buy a qualifying home for yourself or for a related person with a disability.

RRSPs aren’t just for retirement anymore. This plan lets first-time homebuyers access their retirement savings tax-free, to increase their down payment and decrease their mortgage amount – and interest paid.

The Home Buyers’ Plan (HBP) is a program that allows you to withdraw up to $25,000 from your Registered Retirement Savings Plan (RRSP) to buy a qualifying home for yourself or for a related person with a disability Buying a home is a big investment

and a financial commitment – especially as a first-time homebuyer.

Many first-time homebuyers are generally recovering from the first year of moving into their dream home, and all the associated fees, unanticipated closing costs and expenses to maintain the home.

There are a couple of tax credits that homeowners should be aware of when filing their 2013 tax returns.

36 NEW Condo Guide | Volume 17 issue 02 | newcondoguide.com

The HBP withdrawal limit is $25,000 – tax-free – for each you and your spouse, for a combined total of up to $50,000 toward your down payment or other home-purchase related costs.

In order to take advantage of this plan, your RRSP contributions must remain in the RRSP for at least 90 days before you can withdraw them under the HBP. Generally, you will be required to repay all the withdrawals to your RRSPs within a period 15 years to avoid paying tax on that sum. You will have to repay an amount to your RRSP each year until your HBP balance is zero. If you do not repay the amount due for a year, that amount will have to be included in your income for that year, and you will be taxed.

CONTINUE D o n p a g e 3 8 . . .

INNER CITY

that is a first for Calgary – only at Avenue, stunning new river view homes in the desirable West End.

newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 37

hot topic continueD…

the homebuyer’s tax credit (HBTC) is a federal tax credit of up to $750 is available to qualified first-time homebuyers or homeowners who have not owned a home in the previous four years. This tax credit was introduced in 2009 to ease the burden of closing costs for first-time buyers.

The HBTC is a federal tax credit available to qualified first-time homebuyers or homeowners who have not owned a home in the previous four years Do you qualify for the HBTC?

» Neither you, your spouse or common-law partner may have lived in a house that either of you owned in the year of purchase or any of the four preceding years. » If you are a person with a disability or are buying a house for a relative with a disability, you don’t have to be a first-time homebuyer to qualify.

However, the home must be purchased to allow the person with a disability to live in a more accessible dwelling or in an environment better suited to their needs and care. » A qualifying home is a housing unit located in Canada that already exists or is being built. » A share in a co-operative housing corporation that entitles you to possess, and that gives you an equity interest in a housing unit located in Canada, also qualifies. However, a share that only provides you with a right to tenancy in the housing unit does not qualify.

38 NEW CoNdo GuidE | Volume 17 issue 02 | newcondoguide.com

Why the home buyers’ tax credit is good for canada The federal government introduced the HBTC to give Canadians some much-needed tax relief.

As part of the Government of Canada’s $62-billion economic stimulus announced in the Economic Action Plan, first-time homebuyers can get this nonrefundable tax credit to help offset legal fees, disbursements and land transfer taxes.

People with disabilities who move to a more accessible home may also qualify for the tax credit.

The HBTC makes it a little easier to make one of the largest purchases of our lives – a new home.

For more information and tax tips, visit online at cra-arc.gc.ca.

o

N OS ND G T O ON CO W SIN GT NE IN ms EN K roo NS N i t s bed I KE u n hree IN 60 d t l y an onne, two

! life lido the ’s 40 $2 30’s m fro $5 and ms om en 0’s r roo s f s d 90 ed room s plu m $ ro eb on bed room ms f o tw bed droo o tw ee be thr

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39 Download the Kaywa QR Code Reader (App Store &Android Market) and scan your code!

Now you can view all New Condo Guide magazines online using any smartphone, tablet or desktop device.

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homebuyers’ help

Insurance tips for

condo landlords If you’re plannIng a condo purchase as an investment property, owning a rental condo is a great investment opportunity, but it comes with a unique set of responsibilities. Condos make landlords vulnerable because of the various parties involved, including tenants, condominium boards and commercial organizations, as well as the nuances of rental legislation. To protect yourself against costly repairs and other major headaches, take the following steps:

• Understand the insurance landscape. The relationship between you, your tenant, and the building itself can complicate matters, especially in regard to insurance. While policies sometimes overlap, certain things inevitably slip through the cracks and could become contentious. Consult a trusted insurance adviser to identify any possible issues or oversights.

• Supplement your basic landlord coverage. “Most

traditional policies do not include ‘white goods’ or, in other words, appliances. So, if something goes wrong with your tenant’s stove or fridge, you could be held financially responsible. Avoid this by adding those items to your existing landlord policy,” says Blake Reichert, regional vice-president at Western Financial Group. “You should also determine whether or not upgrades to your unit are covered by your existing policy,” adds Reichert. “Many owners will improve their space without supplementing their coverage. An insurance broker can advise you on the best way to proceed when you make changes, no matter how small.”

• Ensure tenants have an individual policy. Before entering a new rental agreement, ask for a copy of your tenant’s policy and share it with your insurance broker.

That way, you can find any gaps in coverage. Also, since these policies must be regularly renewed, build a stipulation into the lease that allows you to check it on an annual basis.

Remember to talk to a professional insurance adviser, be selective about who you rent to.

For more information visit westernfinancialgroup.ca. NC

newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 41

CALGARYISM

3 reasons to buy a

// BY CODY BATTERSHILL

CONDO IN EAST VILLAGE Current EV projects include: » FIRST, RiverHouse, and Verve by FRAM+Slokker » Evolution – Fuse and Pulse by Embassy Bosa When all is said and done, these new condos, as well as a few more unannounced projects by these developing partners, will increase East Village’s current population of 1,500 to approximately 12,000. They will be the pillars of vibrancy that the area will surely be known for when EV is completed.

REVITALIZED ST. PATRICK’S ISLAND We are all pleased to hear about the new

Cody Battershill is the founder of Calgaryism and a top-producing realtor at Re/Max House of Real Estate. He also sits on the condominium task force at the Calgary Real Estate Board. He can be reached at 403.370.4180 or calgaryism.ca

N

obody can deny the hype when it comes to East Village (also known as EV), downtown Calgary’s newly redeveloped neighbourhood which is slowly, but surely, coming to life.

After all, who wouldn't enjoy all that East Village has to offer? A downtown riverside location, revitalized infrastructure, new condominiums, attractive amenities, and incredible walkability are just the start, and there’s much more to come in the years ahead.

Here are some of the top reasons why you should consider buying a condo in East Village: QUALITY NEW CONDOS The most

exciting feature of EV could very well be the new condos by developing partners FRAM+Slokker and Embassy Bosa. These developments will provide people with the opportunity to live in the heart of downtown Calgary and experience an urban lifestyle to its fullest.

changes happening to St. Patrick’s Island. The potential of this outdoor recreational gem has only fully been discovered and is well on its way to becoming much like our beloved Prince’s Island Park across from Eau Claire.

A newly designed bridge will connect the Bow River pathways on Memorial (north) and RiverWalk (south) to the island, where visitors will enjoy a full list of new amenities including an outdoor amphitheatre, picnic groves, river raft launch area, and paved pathways to name a few.

And the best part is that only a short walk away is the Calgary Zoo. These added amenities and connectivity will make St. Patrick’s Island a recreational hub not only for East Village residents, but for locals and tourists as well.

ULTIMATE MASTER PLAN Another awesome characteristic of East Village is that its

developer, Calgary Municipal Land Corporation (CMLC), has carefully articulated every last detail in the master plan to create unique streetscapes unseen ever before in Calgary.

The Riff is one of these features; it is an unusually shaped pedestrian way that departs from your typical streetscape where you will find a full line-up of public art and will most likely be a gathering place for festivals and other cultural activities.

Verve is one new condo development being built directly on The Riff.

Also, EV’s future amenities have been strategically placed to maximize convenience for residents, such as the new urban grocery store proposed on the west side of the community that will allow people to grab fresh ingredients for meals in a matter of minutes.

And there’s more… we will just have to wait and see when all developments are announced to completely realize just how grand and all-inclusive EV’s master plan really is!

I LOVE EAST VILLAGE Who would have thought that the downtown community

neglected by its city and residents for decades would eventually be the talk of the town? I never would have guessed it, but now, with its impressive line-up of new developments and infrastructure improvements, it's hard to deny that East Village is, and will be, one of the most sought after neighbourhoods in all of Calgary.

Join us, and share with us your thoughts, photos, and more to do with Calgary at Calgaryism on Facebook, Instagram, and Twitter today. We hope to see you there!

42 NEW CONDO GUIDE | VOLUME 17 ISSUE 02 | newcondoguide.com

OFF

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Prices shown do not include GST and are subject to change without notice. *Ask for details, based OAC. Rendering shown is an artist concept only, actual building details may vary.

NORTHEAST

My 2 Storey nd

“

I love having an open kitchen where the whole family can gather on weekends. And with the bedrooms on a separate floor, there’s privacy too.

”

Build your stories at Kintalla in Redstone, the best townhomes in the northeast.

Visit our sales centre at 150 Redstone Grove NE or call 587.353.9201

3 GREAT STORIES ABOUT 3-STOREY HOMES Own 3 storeys with 2 or 3 bedrooms from $1,421/month*

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* Based on a mortgage amount of $288,264 with 5% down payment, 5 year term at 2.89% for 25 years with monthly payments. Monthly Condo fees, Property Tax not included. Price and renderings subject to change at developer discretion.

46 NEW CONDO GUIDE | VOLUME 17 ISSUE 02 | newcondoguide.com

METIS TRAIL

NORTHEAST COMMUNITIES 05

SADDLETREE DR.

52 STREET

DE

TR A PI NA

05 C OVENTRY STATION

BY HUNTER RESIDENTIAL DEVELOPMENTS

03 09 80 Ave

13007 Coventry Hills Way NE www.coventrystation.ca

10

CALGARY INTERNATIONAL AIRPORT

64 Ave

CENTRE STREET

12 AVENUE

4303 - 1st Street NE

IVE

36 STREET

09 T HE GARDENS OF SADDLESTONE

BY GENESIS BUILDERS GROUP

17 Ave

329 Saddlelake Dr. NE

10 I NDIGO SKY AT TARA LAKE

BY CARLISLE GROUP Sales Suite 68 Street & 80 Avenue NE

52 STREET

BLACKFOOT TRAIL

IVE ELBOW DR

08 H IGHLAND PARK

BY STONECROFT

IAL DR

R MEMO

02 4 3 PARK

BY VERICON REAL ESTATE VENTURES

11 K INTALLA

BY STREETSIDE DEVELOPEMENTS

43park.ca

MacLEOD TRAIL

150 Redstone Grove NE www.kintalla.com

BARLOW TRAIL

GLENMORE TRAIL

SOUTHLAND DRIVE ANDERSON ROAD

DEERF

12 A RRIVE @ REDSTONE

BY PARTNERS DEVELOPEMENT GROUP Coming Soon

13 E INSTEIN2 IN BRIDGELAND

BY PROVIDENCE GROUP Coming Soon Register: einsteincalgary.com

114 AVE SE

OOT T RA

IL

W BO

NEW BRIGHTON

IL

Mac TRA

U

MARQ

AIL

NE TR

LOR IS OF

COPPERFIELD

13007 Coventry Hills Way NE

IL

T

VIT McKE

D LEO

S JAME

TRA

EK P ARK

M

TTO BO

CRE

SHAWNESSY BLVD.

Skyview Ranch Rd & Skyview Ranch Dr

16 AVENUE

17 Ave

FISH

07 A RRIVE @ SKYVIEW RANCH

BY PARTNERS DEVELOPMENT GROUP

13

04 MEMO 02 01 RIAL D RIVE

GLENMORE RESERVOIR

6 Saddlelake Place NE

68 STREET

32 Ave

52 STREET

14 STREET

16 AVENUE

Coming Soon bridgelandcrossings.com

06 S AFFRON

BY GENESIS BUILDER’S GROUP

MCKNIGHT BLVD.

08

01 B RIDGELAND CROSSINGS

BY APEX CITY HOMES

06

64 Ave

84 STREET

CRI J OW OHN CH L ILD AUR IE TR BLV AIL D.

FA L RID CON GE

NOSE HILL PARK

EDMONTON TRAIL

SH AG AN

04 S TEPS BRIDGELAND

BY GIUSTINI BRIDGES IN. Sales Centre 921 - 1st Ave. NE www.stepsbridgeland.com

ER

IL

CO

68 Street NE & 80 Avenue NE

07

COUNTRY HILLS BLVD.

FO OT TR AIL

VD. LS BL

Y HIL UNTR

03 I NDIGO SKY AT SADDLERIDGE

BY CARLISLE GROUP

STONEY TRAIL 12 11

$279,900 CHAPARRAL 2 bed, 2 bath includes GST, granite, hardwood and tile, ABURN BAY plus stainless appliances. CRANSTON Now selling FINAL PHASE! Units in final phase include upper deck, lower patio, walk out to the park and bonus room!

www.CoventryStation.ca

587-896-6107 newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 47

MOVE IN SPRING 2014 Start a new beginning at Sawyer Silverado, Calgary’s greatest SW community.

900 - 1,100 SQ. FT. CORNER CONDOS FROM THE

$290’S

175 Silverado Blvd SW | 403.536.7282 | AVIURBAN.COM/SAWYER

Condos, townhomes & amazing things. aviurban.com CALGARY

CALGARY

SE

1,130 - 1,400 SQ. FT. TOWNHOMES WITH 2 CAR ATTACHED GARAGES MOVE IN SUMMER 2014

FROM THE

CALGARY

NW

$290’S

Possessions subject to availability. Prices subject to change without notice. E&OE.

SW

1,130 - 1,400 SQ. FT. TOWNHOMES WITH 2 CAR ATTACHED GARAGES

FROM THE

$300’S

1,500 - 1,675 SQ. FT. TOWNHOMES ON 17TH AVENUE MOVE IN SPRING 2014

FROM THE

$590’S

BLV GE D.

TR

HIL L NO SE

AIL EY TR STON

SH AG AN

DR .

NA

PI

TR AIL

DE

ER

FO

N COU

NOSE HILL PARK

JO

HN CR LA OW UR IE CH BLV ILD D. TR AIL

CALGARY INTERNATIONAL AIRPORT

64 Ave

16 AVENUE

4

SARCEE TRAIL

TRA

IL

IV E 02 SILVERADO

BY SLOKKER

Silverado Way & Sherrif King Rd

36 STREET

03 17 Ave

07 10

08

16

05 11

09

GLENMORE RESERVOIR

#2105, 99 Spruce Place S.W.

771 Patrick St. S.W.

05 O VERTURE

BY JAYMAN MODUS

Sales Centre Now Open in Currie Barracks

06 S AWYER SILVERADO

BY AVI URBAN

SOUTHLAND DRIVE ANDERSON ROAD

DEERF

OOT T

AIL

TR

AIL D TR LEO SHERIFF KING ST. SW

VITT

McKE 194 AVE

2712 17th St. SW

08 T HE ALEXANDER

BY ASSURED DEVELOPMENTS

09 M ISSION 34

BY ASSURED DEVELOPMENTS

M

EK P ARK

Mac

S JAME

02 01 06

07 G LAS

BY AVALON

Presentation Centre: 2719 14th St. SW

TTO BO

CRE

SHAWNESSY BLVD.

RAIL

175 Silverado Blvd S.W.

W BO

FISH

03 O VATION

BY INTERGULF CIDEX 04 T HE 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

01 H UNTER 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

IS OF

U MARQ

E LORN

TRAIL 10

98 Mission Road SW mission34.ca

ICTORIA CROSS V

BY AVI URBAN

132 Victoria Cross Blvd. S.W.

11 C URRIE BARRACKS

BY CANADA LANDS COMPANY

J5, 2953 Battleford Ave. S.W.

12 E IGHTY5NINE

BY VERTICAL PROPERTIES

882 - 85 Street SW eighty5nine.com

16 E INSTEIN

BY PROVIDENCE GROUP 1521-26th Ave. Discovery Centre Now Open 139-17th Ave. SE

newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 49

Alberta Government Introduces Mandatory Home Warranty Protection Owner-builders, who meet certain criteria, are eligible for an exemption from the mandatory coverage and can apply for an owner builder authorization. If it is sold within the warranty period time frame, the owner-builder will be required to provide the remaining warranty to the new home buyer.

“It is expected that the new home warranty would cost about $1,700 to $2,000 for an average home, or less than one per cent of the cost of the average house.”

Effective February 1, 2014 all builders are required to provide new home warranty coverage for all new homes built in Alberta.

Alberta now has one of the strongest coverage in Canada as mandated under the new Act. Under the Alberta government legislation the New Home Buyer Protection Act, all new detached homes and condominiums would, at minimum, include a warranty for: • One year labour and materials; • Two years for defects in labour and materials related to delivery and distribution systems; • Five years building envelope protection, with a requirement for the warranty provider to offer the consumer the option to purchase additional years of coverage; and, • 10 years coverage for major structural components.

“With this new program, Albertans buying new homes will have some of the strongest warranty coverage in the country. This is important, given that a home is the largest purchase most people will ever make,” said Heather Kaszuba, spokesperson for Alberta Municipal Affairs.

50

The new legislation will expand the current coverage to two years on the various systems, such as electrical and plumbing, ten years on major structural and five years on the building envelope. Building envelope refers to the exterior shell of the home, including the roof and walls.

The mandatory warranty will offer a greater protection and comprehensive coverage for home buyers.

This extension of time is important as many defects, such as improperly installed windows, vapour barrier, or insulation to name a few, can take some time to appear.

Currently about 80% of all new homes only have a one year warranty covering the building envelope, fit and finish, delivery and distribution system and major structural covered for five years.

Potential buyers will be able to go onto the registry and see how much warranty is available on the home of their interest. The registry will not cover homes that predate the new mandated warranty legislation. Anyone can go online, type in the address, find out if the home has coverage and what remains. Even if the home has had previous owners the coverage transfers to the new buyer as the warranty resides with the home. The public registry will also show current status and who the warranty provider is so you can find out who to contact to make a claim. The Public Registry will be in place Feb 1st.

The Act’s additional warranty coverage for new homes will ease home owner’s minds and make their home owning experience one of enjoyment, not of worry.

For additional information call Toll Free 310-0000 or visit HomeWarranty.Alberta.ca

Better warranty standards.

Built for your new condo.

Now In Effect For the first time ever, all new condos built in Alberta are now covered under one of Canada’s best warranty programs. This ensures even higher quality standards—and better protection for new home buyers like you.

Get to know your role at HomeWarranty.Alberta.ca

51

STYLE FILE

SPLURGE vs SAVE If you’re buying a new condo, you’re probably on a tight budget. Don’t fret! With free expert advice from interior stylist Paul Semkuley, we show you where to save and where to splurge for each room in your home.

PAUL SEMKULEY is an interior stylist and principal of Re:Source Lifestyles. His love of art, fashion and design brings a unique aesthetic to everything he touches. Visit online at resourcelifestyles.com and follow him on Twitter at @resourcelifestyles.

// BY SARA DUCK

kitchen SPLURGE

SAVE

FREE-STANDING RANGE APPROX: $2,000 – $5,000

Appliance shopping can be daunting – especially when you are deciding on a big purchase like a free-standing range (hot plate on top, oven underneath).

But this important appliance will make your cooking life easier if you spend a little more on a quality piece that is tailored to your needs. “Having a gourmet range will make a huge statement in your kitchen. It will definitely add value to your home while you live there, and especially if you plan to sell your home,” says Semkuley.

TIP There are plenty of options when it comes to your range, such as gas, electric and induction. Determine which type of fuel you will use based on what you have available and your personal cooking preference.

Gourmet Settings Non-Stop Flatware. $50 for 20-piece. Visit bedbathandbeyond.ca

Bodum Chambord Four Cup French Press with Locking Lid. $50. Visit thebay.com Royal Doulton Gordon Ramsay Maze White Dinnerware. $100 for 16-piece set. Visit bedbathandbeyond.ca

FACT A study conducted by Visa

Canada suggests 60 per cent of Canadians dine out once or more per week.

52 NEW CONDO GUIDE | VOLUME 17 ISSUE 02 | newcondoguide.com

Hamilton Beach 1.7L Dome Electric Kettle. $60. Visit thebay.com

bedroom SAVE

SPLURGE MATTRESS AND BOX SPRING APPROX: $1,500 – $3,000

Although it is the least glamorous item to buy for the bedroom, your mattress is the most important. “The mattress should last you at least 10 years,” says Semkuley. “Especially when you purchase it with the coordinating box spring, [which] absorbs up to 50 per cent of the body’s impact.” Semkuley suggests getting comfy and cosy in store by laying on the mattress like you would normally sleep, to see if it is the right fit. Whether you prefer one that is firm, made of organic material, or one that comes with a pillow top for extra comfort, buy the best one you can afford.

Emmie Spets Sheet Set in White. $45. Visit ikea.ca

Table Lamp. $70. Visit bouclair.com Seagrass Block Headboard. $200-$390. Visit pier1.ca

bathroom SPLURGE VANITY AND COUNTERTOP APPROX: $2,500 – $4,000

You may think this is an odd pick to invest your money in, but the vanity is a key item for the bathroom. Don’t forget you will be using the vanity every day, multiple times, opening and closing doors and exposing it to moisture. “The most important need of the vanity must be function,” says Semkuley.

“Spending more on cabinetry that is made of solid wood will last much longer in a ‘wet’ environment, than those made of a pressed wood compound.”

TIP Buy a vanity that is proportionate to your space. You may have room for a big vanity but little room for anything else.

SAVE Simply Fine Lenox Chirp Bath Ensemble. $50. Visit bedbathandbeyond.ca

Heritage Aged Iron Chandelier by Hampton Bay. $99. Visit homedepot.ca The Beverly Mirror by Tangerine Mirror Co. $80 for 24 by 26 in. Visit homedepot.ca

FACT In 1890, the Scott Paper

Company first manufactured toilet paper on a roll, much as we know it today.

Fiona Bath Towels in Coral. $14. Visit bedbathandbeyond.ca

newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 53

SATELLITE COMMUNITY

Our spectacular new showhomes are now open in Airdrie. Tour your home before you decide to move in – what you see is exactly what you get! Our condos in Airdrie start as low as the $205’s, so take the tour today at 604 East Lake Blvd NE. Immediate possessions available.

@StreetsideYYC

condosinairdrie.com

54 NEW CONDO GUIDE | VOLUME 17 ISSUE 02 | newcondoguide.com

403.980.2817

CALGARY’S SATELLITE COMMUNITIES 22

AIRDRIE

03

02

COCHRANE

07

08

10 12

13

06 04

24 Sunset Rd. Cochrane, Alberta

11

09

20

1A

20 SUNSET

BY JAYMAN INNOVATIONS

AIRDRIE

2

09 CREEKSIDE VILLAGE

BY CARLISLE GROUP

05

8th & MacKenzie Way Airdrie, Alberta

01

10 STONEKEEP AT KING’S STRATHMORE HEIGHTS TOWNHOMES

BY MERGE 1DEVELOPMENTS

1

CALGARY

15

CHESTERMERE

797 LANGDON

22X

22X

1225 King’s Heights Way SE Airdrie, Alberta

11 THE EDGE

BY STREETSIDE DEVELOPMENTS

604 East Lake Blvd N.E. Airdrie, Alberta

12 RAVENSWOOD TOWNHOMES

BY SLOKKER CANADA WEST

22X

17

546

TURNER VALLEY

2802 Kings Heights Gate

2

BLACK DIAMOND

13 BROOKSIDE AT BAYSPRINGS

BY MERGE DEVELOPMENTS

OKOTOKS

543

Coming Soon to Yankee Valley Blvd. and 24th St. SW BrooksideAtBaysprings.com

2A

15 CHESTERMERE TOWNHOMES

BY SLOKKER CANADA WEST

22 HIGH RIVER

COCHRANE 01 RIVERSTONE AT COCHRANE

BY SLOKKER CANADA WEST INC. 240 Riverview Drive in Cochrane

02 HEARTLAND TOWNHOMES

BY EXCEL HOMES 1178 Clydesdale Way, Cochrane, Alberta

#300 Marina Drive, Chestemere

03 CONCEPT

BY JAYMAN MODUS

06 THE VILLAGE

BY CALBRIDGE HOMES

04 SUNSET POINTE

BY CALBRIDGE HOMES

07 RIVERREACH VILLAS & MANORS

BY JAYMAN MASTERBUILT

201 Sunset Drive, Cochrane, Alberta

302 Sunset Pointe Cochrane, Alberta

05 STONE CREEK LANDING

BY CARLISLE GROUP 103 - 5th Avenue, West, Cochrane, Alberta

3102-15 Sunset Square Cochrane, Alberta

17 MOUNTAINVIEW PLACE PHASE II LETHBRIDGE

BY SPAN WEST CONSTRUCTION 408 - 1st Ave S.E. Black Diamond, Alberta

13 Riviera Way Cochrane, Alberta

08 THE RANGE

BY BIRCHWOOD PROPERTIES CORP. 101 Heartland Avenue Cochrane, Alberta

newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 55

SATELLITE COMMUNITY

Choose the perfect style for you.

With an array of home styles and plans, StoneKeep gives you real options.

Streetside Series

Backyard Blocks

Courtyard Collection

220’s

TOWNHOMES STARTING IN THE

Charming front porches

Quiet backyard retreat

Spacious single level living

Two and three bedroom townhomes with attached garages and a central landscaped park, all in a great Airdrie neighbourhood.

Visit us at 1225 King’s Heights Way SE. From the QE2, take Yankee Valley Blvd. East & follow the King’s Heights signs.

$

NOW OPEN

587-360-2510 | STONEKEEP.CA

tips & tricks

packing tips to make your move a little easier ❏ Gather boxes in all sizes from friends, neighbours and stores.

❏ Collect cushioning material such as bubble wrap, foam

pellets, furniture pads, old blankets, plastic bags, tissue paper, newspapers and small towels to use as padding inside boxes.

❏ Create a “portable packing kit” with marking pens, a tape measure, packing tape, twine and scissors. Carry it with you as you pack up items in your home.

❏ Reinforce the bottom of boxes with extra tape for added strength.

❏ Label each box with the name of the room in your new home where it should be placed.

❏ List the contents of the box on the side of it.

56 NEW CONDO GUIDE | VOLUME 17 ISSUE 02 | newcondoguide.com

❏ Clearly label boxes containing fragile items. ❏ Place china in plastic bags and stack plates upright on their sides, not flat.

❏ Pack your TV, stereo and computer in their original boxes whenever possible.

❏ Keep boxes to 50 pounds or less. ❏ Pack heavy items into their own smaller boxes and place

lighter items together into larger boxes. (Hint: Don’t pack all your books into one box!)

❏ Don’t move flammable, combustible, corrosive or

explosive items such as paint, gasoline and ammunition.

❏ Pack a bag of personal items you’ll need during the move and keep it in an easy-to-find place.

IBJ-CG-FP-- 7.5 x10.5 Sunset 1.24.13.pdf 1 1/24/2014 8:43:35 AM

SATELLITE COMMUNITY

C

M

Y

CM

MY

CY

CMY

K

57

Condo Sense

// by Lydia McNutt

A seller’s market to kick off 2014

Lydia McNutt is an award-winning writer and editor of New Condo Guide.

Lydia’s love of architecture, interior design and the written word have landed her happily at home at Wall2Wall Media, where real estate rules. Email Lydia.McNutt@wall2wallmedia.com, and follow her on Twitter @LydiasTweets

I

f you’re considering making a move in 2014, then you’re probably plagued by questions of where the real estate market is heading, and concerns about whether it’ll keep climbing or come to a crashing halt.

According to the Royal LePage House Price Survey and Market Survey Forecast released recently, the road looks golden moving forward. The average home price in Canada increased between 1.2 per

2014

What to expect, and how to go with the flow

cent and 3.8 per cent in the fourth quarter of 2013, and real estate experts are expecting much of the same for the first half of 2014 – a projected 3.7-per-cent increase nationally from 2013, and a shift to a seller’s market.

“A few short months ago, the country’s housing market emerged from a year-long correctional cycle of dramatically slowed sales volumes. Later 2013 was marked by a transition to buoyant sales volumes and above-average price growth,” says Phil Soper, president and chief executive of Royal LePage. “In the absence of some calamitous event or material increase in mortgage financing costs, we expect this positive momentum to characterize 2014. In fact, we expect a market tipped decidedly in favour of sellers for the first half of the year, after which we project a shift to a more balanced market.”

Soper attributes the rising house prices to a few factors – the typically busier spring market, and in addition to normal demand, “housing prices in Canada this year will be influenced by buyers who put off purchase plans in the very soft spring of 2013,” he says. “Talk of a ‘soft landing’ for Canada’s real estate market in the new year is misguided. We expect no landing, no slowdown, and no correction in the near-term. Conditions are ripe for as strong a market as we saw in the post-recessionary rebound of the last decade.”

So, what does this mean for you?

Buying in a seller’s market: In a seller’s market, demand for homes is greater, which drives prices up. If you’ve found a great home, chances are someone else has too. Regardless of whether you’re buying a brand new home or are delving into the resale market, the same smart strategies apply: Tip #1: Keep your emotions in check. Combine a hot real estate market with a hot head, and you start to lose sight of the goal: to make a smart purchase and a sound investment. Set your budget and stick to it. A home is only worth so much, and it’s up to you to decide what that magic number is.

Tip #2: Go with a pro. Your real estate agent, financial adviser and lawyer are the Holy Trinity in the home-buying process, helping you to keep your emotions in check (see Tip #1 above) and make a purchasing decision based on facts and figures, not feelings. Will you be able to afford the mortgage payments, even if (and when) interest rates rise?

Tip #3: Get pre-approved for a mortgage. With this in your back pocket, you’ll be locked-in at today’s low rates for up to 90 days, and when you do find a great home and are ready to make an offer, it won’t be conditional on financing since you already have this in order.

You’ve undoubtedly lost some sleep over the decision as to whether now is a good time to buy a home. Do so only when you’re ready for the market, not when the market is ready for you. By sitting on the fence and waiting for conditions to “ripen,” you could be missing out on some sweet opportunities.

58 NEW Condo Guide | Volume 17 issue 02 | newcondoguide.com

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the homebuying process

// by Donna Moore

The importance of choosing

Donna Moore is executive officer of the Calgary Region Home Builders’ Association.

Call 403.235.1911 or visit crhba.com

M

any people will likely be thinking about buying a new home or condo this spring, which means venturing out to showhomes to see the latest designs, and driving around the newer communities to check out amenities.

Buying a new home is a big decision and an important investment, and there is a lot to consider before you buy. You want to buy with confidence, enjoy the experience, and know that you’ve made the best decision for you and your family.

One of the biggest choices you’ll have to make – even before you decide on a particular home style and builder – is determining where you want to live. With so many fabulous new communities being created in the various areas of the city and in the neighbouring municipalities, you’ll have a tough decision ahead while trying to determine what will work best.

the right place to live

Sit down and discuss with everyone in your household what they’d love to have in amenities, both in the building and in the area, and overall location – whether it’s in the city or out of town.

If you’re a first-time homebuyer, you may be seeking affordability that a zero-lot line can provide, or you may want a condo or townhouse to enjoy a maintenancefree lifestyle.

When looking at the location, think about the community, the distance to work, traffic and availability of public transportation and major transportation routes.

Would you be fine with a daily commute into the city or do you want to live closer to work that’s an easy drive or bus ride away? Do you lack a car and need to be close to an LRT or on a major bus route? How important is it to you to choose a community that puts your home within walking or cycling distance from your work?

One of the biggest choices you’ll have to make – even before you decide on a particular home style and builder – is determining where you want to live If you’re a parent, how far do you want to live from schools and child care? And what about places of worship, recreation centres, libraries – are they important to have close by? What about the distance to shops, services, schools, medical centres or hospitals, and other amenities you desire? And how important to you is the distance to greenspaces, pathways, parks, tot lots and sports fields?

When you’re driving through new communities, envision yourself and your family living there. Will you enjoy what the community has to offer in years to come? Living in a community that provides an opportunity for your family to connect with neighbours, where you can meet socially in central parks or at community centres, may be a priority for you.

In your travels, you’ll also discover that many residential land developers are dedicated to creating mixed-use communities where people can live, work and play, and master-planned communities that offer all types of housing for everyone from first-time buyers to empty nesters.

Having proximity to shopping and major routes also factors in when looking to buy. Many newer communities already offer a wide range of shops, services, grocery stores and restaurants. And many also offer convenient access to the Deerfoot Trail or Stoney Trail for ease of getting around the city and commuting to work.

No matter what your priorities are, it all comes down to finding a place to live that meets the needs of you and your family. Finding the right community and the right location is just as important as finding the right home and the right builder. newcondoguide.com | Volume 17 issue 02 | NEW Condo Guide 61

homebuyers’ help

Condo hunter’s checklist

When shopping for your dream condo, carry this list with you and take notes to help you remember what you saw, and where! condo #1

condo #2

condo #3

condo #4

Project & address:

Project & address:

Project & address:

Project & address:

Salesperson:

Salesperson:

Salesperson:

Salesperson:

Phone:

Phone:

Phone:

Phone:

Developer/builder:

Developer/builder:

Developer/builder:

Developer/builder:

Type:

Type:

Type:

Type:

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

Sq. Footage:

Sq. Footage:

Sq. Footage:

Sq. Footage:

# of bedrooms:

# of bedrooms:

# of bedrooms:

# of bedrooms:

# of bathrooms:

# of bathrooms:

# of bathrooms:

# of bathrooms:

Interior appliances:

Interior appliances:

Interior appliances:

Interior appliances:

Options:

Options:

Options:

Options:

Parking facilities:

Parking facilities:

Parking facilities:

Parking facilities:

Special incentives:

Special incentives:

Special incentives:

Special incentives:

Price:

Price:

Price:

Price:

Down payment:

Down payment:

Down payment:

Down payment:

Condo fees:

Condo fees:

Condo fees:

Condo fees:

Financing available:

Financing available:

Financing available:

Financing available:

Other comments:

Other comments:

Other comments:

Other comments:

62 NEW Condo Guide | Volume 17 issue 02 | newcondoguide.com

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

63

homebuyers’ help

you loVe the conDo, see WHAT you CAn AFFord!

Interest rates

calculate Your MortGaGe PaYMents

aMortIZatIon PerIods

% 10 Years

15 Years

20 Years

25 Years

30 Years

5.00%

10.58

7.88

6.57

5.82

5.34

5.25%

10.70

8.01

6.74

5.96

5.49

5.50%

10.82

8.14

6.85

6.10

5.64

5.75%

10.94

8.27

6.98

6.25

5.79

6.00%

11.07

8.40

7.12

6.40

5.95

6.25%

11.19

8.53

7.26

6.55

6.11

6.50%

11.31

8.66

7.41

6.70

6.26

6.75%

11.43

8.80

7.55

6.85

6.42

7.00%

11.56

8.93

7.69

7.00

6.59

7.25%

11.68

9.07

7.84

7.16

6.75

7.50%

11.81

9.21

7.99

7.32

6.91

7.75%

11.94

9.34

8.14

7.47

7.08

8.00%

12.06

9.48

8.28

7.63

7.25

8.25%

12.19

9.62

8.44

7.79

7.42

MonthlY Pre-taX IncoMe

sPouse’s Pre-taX IncoMe

total Pre-taX IncoMe

dIvIde BY three

affordaBle MonthlY PaYMents

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 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.)

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.

64 NEW CONDO GUIDE | VOLUME 17 ISSUE 02 | newcondoguide.com

compAre mortGAGe rAtes For your BesT deAL varIaBle

ATB Financial

2.700

Bank of Montreal Bank of Nova Scotia

6 Months

1 Year

2 Years

3 Years

4 Years

5 Years

2.890

3.190

3.590

3.790

3.950

4.740

5.340

3.990

4.390

4.990

3.950

4.590

5.340

3.140

3.950

4.740

5.340

3.140

3.950

4.740

5.340

2.890

2.890

3.190

3.390

3.790

4.000

2.940

3.000

4.000

3.140

3.140

3.100

4.550

3.750

3.890

CIBC Mortgages

3.000

4.450

3.090

3.140

Canadian Western Bank

3.200

4.000

3.140

Canadian Western Trust

3.200

4.000

3.140

First Calgary Financial

-

4.000

First National Financial

2.600

3.950

2.990

2.790

3.090

3.390

3.590

HSBC Bank Canada

3.100

4.450

3.600

3.950

4.450

4.990

5.340

ING Direct

3.000

-

3.190

3.240

3.590

3.690

4.090

Investors Group Trust

3.000

4.200

3.140

3.140

3.950

4.740

5.340

Laurentian Bank Canada

3.000

4.400

3.140

3.190

3.950

4.740

5.340

London Life

3.000

4.200

3.140

3.140

3.950

4.740

5.340

Manulife Bank

2.800

4.450

3.000

3.200

3.350

3.450

3.740

Manulife Trust

-

4.450

3.000

3.200

3.350

3.450

3.740

National Bank

3.100

4.400

3.140

3.140

3.950

4.740

5.340

Peace Hills Trust

-

4.500

3.150

3.500

3.950

3.950

4.150

President’s Choice Fin’l

3.000

6.040

3.240

3.240

3.590

3.690

4.090

RMG Mortgages

3.000

-

2.890

2.890

2.990

3.090

3.590

Royal Bank of Canada

3.000

4.000

3.140

3.140

3.850

4.740

5.340

Servus Credit Union

-

4.000

3.140

3.140

3.950

4.740

5.340

Steinbach Credit Union

-

-

2.600

2.800

3.000

3.150

3.350

T-D Mortgage

3.000

4.000

3.090

3.140

3.950

4.740

5.340

Your Neighbourhood C.U.

-

-

3.400

3.500

3.600

3.690

3.590

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.

newcondoguide.com | VOLUME 17 ISSUE 02 | NEW CONDO GUIDE 65

Index of advertisers

read more about our advertisers!

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Carlisle Group

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Birchwood Developments

21

Champagne

Remington Developments

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2

Coventry Station

Hunter Developments

47

Cranston Ridge

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3

Creekside Village

Carlisle Group

District

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41

The Edge

Streetside Developments

54

Edison

Avi Urban

67

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Groves of Varsity

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39

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17

The Post

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23

The Range

Birchwood Developments

21

Ravenswood

Slokker Canada West Inc.

7

Riverfront Pointe

Carlisle Group

44-45

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17

SageStone

Greenview Developments

22

Sawyer

Avi Urban

48

Smith

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6

Stone Keep

Merge Developments

Stone Creek Landing

Carlisle Group

Sunset Ridge

Jayman Innovations

57

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28

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Trico Homes

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Villas of Watermark

MacDonald Developments

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Jayman Group of Companies Avira Overture

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66 NEW Condo Guide | Volume 17 issue 02 | newcondoguide.com

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