FEB 5 - MAR 4, 2016 VOLUME 19, ISSUE 2, FREE
CALGARY EDITION
CONDOS FROM
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$
INSIDE THIS ISSUE
+ GST
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Developed by Hon Developments. Renderings are artist’s interpretation. Prices subject to change without notice. E&EO.
Untitled-4 1
2015-09-10 5:02 PM
5:02 PM
MY NAME IS
Daz AND WE BOUGHT AT PARK POINT
“My humans are so smart. Our front yard is a park. We love the local neighbourhood and cafés and especially the 5 acre park.” Mark and Martha are professionals who appreciate all the advantages of downtown living available at Park Point without giving up a beautiful yard. Now they can work and play from a lovely new home, enjoy the views and convenience of living right on a park – and walk everywhere. Another way that Park Point is raising the bar on lifestyle, quality and value in Calgary.
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Another original by
This is not an offering for sale. Any such offer can only be made by way of condominium documents and/or disclosure statement (where applicable). E.&O.E. ™ denotes one or more trade-marks of Qualex-Landmark Management Inc. used under license by Qualex-Landmark Union Inc.
Inc.
contents FEB. 5 - MAR. 4, 2016 | VOLUME 19 ISSUE 2
11 ON THE COVER
Cardel Lifestyles
Outstanding value at Walden Place
+ online NEIGHBOURHOOD
HOME SEARCH
MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING
MAPS
advice
28 Apex Cityhomes
20 Contemplating Condominiums
Bridgeland Crossings offers stellar location, finishings
trending
27
WITH
DYNAMIC
property profiles
LOOK FOR THE CIRCLE
Furniture
Tips from IDS 2016: small space furniture gets smarter
Condo options for seniors – variety of types and prices By Linda Palfi
22 Fundamentally Speaking
Take advantage of low rates while you can – carefully By Wayne Karl
PRESIDENT, YELLOW PAGES NEXTHOME
Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT
Susan Legge DIRECTOR OF SALES
Moe Lalani SENIOR SALES MANAGER, ALBERTA
Shelley Balla EDITOR
Wayne Karl Lydia McNutt (on leave)
28
ART DIRECTOR
Daiana Garay CONTRIBUTING EDITORS
Elisa Krovblit Sara Duck (on leave) 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
Miguel Cea
46 26 Calgaryism
Calgary is ranked as the world’s cleanest city! By Cody Battershill
36
in every issue
10
By Alyssa Richard
Editors’ Note
46 Neighbourhood profile Marda Loop: vibrant, bustling and well loved
Mortgage Advice
Are mortgage rates really on the rise?
50 Advertiser Index
inspiration
district maps
38
15
The Scoop
Decor news, inspiration, style and more By Elisa Krovblit
44 Style File
Condo-friendly plants By Jackie Marchildon
Southeast Map
25 Inner City 35 Northeast Map 37
Northwest Map
43 Satellite Communities 45 Southwest Map
what’s online
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T 587.226.1313 email natalie.houghton@ypnexthome.ca 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. COPYRIGHT 2016 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. Yellow Pages NextHome is a trademark of Yellow Pages Group Co. in Canada. Editorial Submissions from interested parties will be considered. Please submit to Susan.Legge@ypnexthome.ca The views and data expressed by columnists do not necessarily represent those of the publication
49 Trending now
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Please recycle this magazine! Yellow Pages NextHome participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 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.
Editors' Notes
SUSAN LEGGE Editor-in-Chief / Director of Content Yellow Pages NextHome Email: Susan.Legge@ypnexthome.ca Twitter: @SusanLegge
MARDA LOOP
MORE PHOTOS ONLINE ypnexthome.ca/marda-loop
Our teamwork has you covered We are always looking for stories and news about real estate for our magazines and website. While the team here at New Condo Guide and YPNextHome.ca attends events across the country, we also have a team of talented freelance writers who help us cover all the bases. The team’s focus over the last 12 months has been profiling and collecting data, photos, videos and text for some of Canada’s top neighbourhoods so our readers and users can get an in-depth view at the local level. You’ll find data for almost 3,000 different neighbourhoods
across the country that includes information about the type of housing available and the people who live there. Check out our search tool online and discover new properties and neighbourhood details. It’s been an amazing experience to develop this content, and we’re thrilled with the results. New neighbourhoods are being added every week. Please let us know what you think – and if you have a favourite neighbourhood you’d like us to profile, drop us a line. We love hearing from you.
Relax, Calgary, history is on your side
WAYNE KARL Senior Editor
Yellow Pages NextHome Email: Wayne.Karl@ypnexthome.ca Twitter: @WayneKarl
+ get social 10 YPNEXTHOME.CA
It would be foolish to pretend that all is rosey in Wild Rose Country. The economy and housing markets in Alberta are feeling the pinch of a prolonged slump in oil prices – plain and simple. It does no good to think otherwise. But, now more than ever, it pays to keep things in perspective. All the talk about Canada’s hottest real estate markets currently involves mostly Toronto and Vancouver. But would you believe, if we take this
discussion to a more historical level, Alberta, in fact, is a stellar performer? Indeed, according to data from ReMax, Calgary is second only to Edmonton as the top market in Canada in terms of annual rate of return over the last 20 years. Calgary has yielded 6.61 per cent from 1996 to 2015; Edmonton, 6.64 per cent. Those “hottest” markets of Toronto and Vancouver – 6.21 and 6.16 per cent, respectively. Relax, Calgary, history is on your side.
Interact with us on social media: ypnexthome
Property Profile | WALDEN PLACE
cover story
Cardel Lifestyles offering outstanding value
with Walden Place THE CONDO THAT YOU’VE always wanted and in a prime location that puts a variety of amenities at your doorstep while offering outstanding value and affordability can be yours at Walden Place. Award-winning Cardel Lifestyles is expecting a large turnout for its grand opening on Feb. 6 and 7 of Walden Place, which combines apartment-style condo and townhomes on a 10-acre development in Walden. “This is Walden’s first apartment-style condo development, so we’re pretty excited,” says Brad Logel,
sales and marketing manager. “We’ve had an amazing response from people. We started taking registrations in later November and hundreds of people have registered – most of them have been eagerly waiting for something like this. “We believe with the high level of standard features, great designs, quality construction, sound attenuation, outstanding location, our exceptional customer service and incredible pricing starting from $139,900, that Walden Place will be the absolute best that suburban Calgary can
FEB 5 - MAR 4, 2016 | NEW CONDO GUIDE 11
offer for condos and townhomes,” he says. “It’s a great opportunity for people to have the best value for convenient living in Calgary.” Walden Place will consist of 428 apartment-style condos in six buildings and 40 townhomes offering a wide range of floorplans to choose from to suit any lifestyle and a variety of budgets. The first building being launched will be four-storeys with 83 one- and two-bedroom suites available. Condos range from 544 to 1,021 sq. ft. with eight different plans including an 897-sq.-ft., two-bedroom, two-bathroom plan that includes a kitchen island, walk-in pantry, built-in appliances and dual sinks in the ensuite. Corner suites also have the added benefit of wrap around balconies.
12 YPNEXTHOME.CA
“The kitchen is fairly large and it wows people because it’s something they’d expect to see in a high-end single-family home,” Logel says. “We put a lot into our kitchen designs and most have more cabinets than singlefamily homes and many have islands with bar seating.” Cardel Lifestyles believes in adding to the value of their homes and have compiled a top-notch list of specifications including quartz countertops throughout, stainless steel appliances, luxury vinyl plank flooring, full-height backsplash, wood cabinets, soft-close drawers, laundry with larger capacity washer and dryer, extra-large windows and generous balconies/decks. Suites on the first and fourth floors have nine-ft. ceilings, and most suites come with an underground parking stall.
Buyers can also “live their HGTV dream,” Logel says, with the four designer colour choices and many unique options available to customize their homes. About 70 per cent of the suites in the first condo building will be priced at less than $250,000, while the townhomes start from just $329,900 and will offer three bedrooms, 2.5 baths, a den and a double car garage. Walden Place is strategically located within the community, close to neighbourhood conveniences, such as parks, pathways, coffee shops, grocery stores, eateries and services – everything that makes living a little easier. “Condo living is about convenience and Walden Place offers a perfect location,” Logel says.
“Walden is already established with the Gates of Walden shopping centre that offers groceries, dining and services, transit and ease of access to McLeod and Stoney Trails. “But Walden Place is also directly across from a 70-acre future shopping development and we’re just steps away from two future schools, the future community centre, a pond, parks and pathways,” he says, noting that Walden Place itself will feature a very large greenspace giving residents a serene place to enjoy the outdoors. Cardel Lifestyles will open a presentation centre as part of its grand opening Feb. 6 and 7 with a sales launch to follow later. Visit cardellifestyles.com for more information.
FEB 5 - MAR 4, 2016 | NEW CONDO GUIDE 13
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116 Quarry Park Way SE
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6 Mahogany Terrace SE
347 MacKenzie Towne Gate
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114 AVE SE
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Presentation Centre: 350 Quarry Park Blvd SE
19 CHAMPAGNE BY REMINGTON DEVELOPMENTCORPORATION Quarry Park Blvd SE remingtoncorp.com
20 ORIGINS AT CRANSTON BY STREETSIDE DEVELOPMENTS 111, 100 Cranfield Common SE NOW SELLING
25
21 ALTURE MIDCITY BY ALTURE PROPERTIES 01 CRANSTON RIDGE BY CARDEL LIFESTYLES
Corner of Cranford Dr and Cranston Gate SE Register: www.cardellifestyles.com/ cranston-ridge
07 AUBURN WALK BY CARDEL LIFESTYLES
Showsuite and Sales Centre Corner of 52nd Street and Auburn Meadows Dr. SE
15233 1 Street Southeast midcitymidnapore.ca
22 MAHOGANY STREET TOWNS BY HOMES BY AVI 13 Marine Dr SE
08 THE MORELLO
23 LEGACY PARK BY BRAD REMINGTON HOMES
03 MUSKOKA BY BROOKFIELD RESIDENTIAL
09 BRISTOL TOWNHOMES BY BIRCHWOOD NOW SELLING
24 JACKSON BY AVI URBAN
04 LEGACY GATE BY CARLISLE GROUP
10 CANOE BY AVI URBAN
02 COPPERFIELD PARK BY BRAD REMINGTON HOMES 279 Copperpond Common S.E.
65 Auburn Meadows Way
210 Ave. SE www.legacygate.ca
05 LEGACY STREET TOWNS BY HOMES BY AVI 42 Legacy Blvd SE
06 CRANSTON BY AVALON MASTER BUILDER 442 Cranford Park SE
15207 1st SE themorello.ca
Register at: mylegacypark.ca
232 Quarry Park Blvd. SE
Coming soon to Walden
25 RIVERSTONE MOSAIC BY BROOKFIELD RESIDENTIAL 98 Cranbrook Dr. SE
103 Auburn Meadows Dr.
26 WALDEN PLACE BY CARDEL LIFESTYLES Coming Soon
11 CHALET NO. 6 BY HOPEWELL
Registration www.cardellifestyles.com
646 Copperwood Blvd SE
12 EBONY CONDOS & TOWNHOMES IN MAHOGANY BY JAYMAN MODUS 291 Mahogany Way
$100’s
CONDOS FROM THE MID
www.copperfieldpark.com 403.723.0094 FEB 5 - MAR 4, 2016 | NEW CONDO GUIDE 15
buy with confidence
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we PaY YoUr Mortgage
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now selling in 13 locations across alberta CALGARy & AREA ALBERT PARK STATION Downtown Calgary EMERALD SKY - NW Calgary LEGACY GATE - SE Calgary STONECREEK LANDING - Cochrane CREEKSIDE vILLAGE - Airdrie Please visit our website for all locations
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$200’s Plus GST
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(DEPENDING ON LOCATION AND uNIT TyPE)
CITY SCAPE CORNER UNIT UNDERGROUND HEATED PARKING
OUTLOOK
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DREAM 10' 5" X 10' 3"
EXPANSIVE BALCONY
CONNECT
MODERN OPEN CONCEPT LIVING SPACE LINEN
11' 10" X 13' 9"
INVITING BREAKFAST NOOK
SPACIOUS SECOND BATH WITH ELEGANT GRANITE COUNTER TOP
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DINE
STORAGE
10' 9" X 13' 6"
W/D
CONVENIENT IN-SUITE STORAGE
LARGE MASTER BEDROOM DREAM
DESIGNER TILE FLOORS
11' 0" X 11' 2"
SPACIOUS WALK-IN CLOSET
GREET WORK
ENSUITE MASTER SPA BATH WITH ELEGANT GRANITE COUNTER TOP
WIC
7' 1" X 7' 10"
SPA
LARGE WORKING SPACE
For more information and showsuite locations visit:
CarlisleGroup.ca 403.571.8426
Today’s “Buyer’s Market” Could Mean Timely Savings On A New Home
The Canadian Real Estate Association (CREA) is projecting that Alberta’s real estate market will favour buyers more in 2016 compared to 2015. Specifically, the CREA believes this year’s buyer will benefit from greater choice and, thus, more negotiating power on price. In January, Intelligence House (IH) noted media coverage on this situation as it pertains to the Edmonton regional resale market where active listings began this year up 66% over last year (+28% across the Calgary region). These media stories mentioned households who have recently reduced their asking price in order to sell their home faster in today’s “buyer’s market”. Stories like this highlight the interesting process by which this market will eventually find a new balance between initial listing prices and what buyers are willing to pay. Eventually, the prevailing motivations of this year’s sellers and buyers will bring the number of active resale listings back toward more historically sound levels, at which point any buyer advantages that exist today will begin to deplete. We believe the positioning of this process can be statistically tracked by watching how current active listings compare with a rolling seasonal average over five years (Edmonton and Calgary regions’ active listings were 45% and 54% above this average respectively, at the end of December 2015). Currently, buyers in the Edmonton or Calgary markets can rest easy as it remains a good time to buy! However, if you are considering purchasing a
new home later in 2016, hindsight may reveal that right now is the best time to buy. IH has come to expect new home builders to be more price flexible when inventories of unabsorbed housing (yet ready for occupancy) is high by historical reference amidst high levels of inventory in their regional resale markets. In December 2015, the total amount of new housing units ready for occupancy in the Edmonton and Calgary regions were 18% and 12% greater than their respective five-year rolling seasonal averages. IH believes these increases are more temporary, rather than long term. Unsurprisingly, we noticed a number of timely promotions being marketed in showhomes and sales centres across these markets in January that were specifically, and in some cases aggressively, designed to move units that were ready for or nearing occupancy (the remnants of which might be viewed throughout the pages of this publication). That said, the key descriptor of these promotions is “timely”, as many were tied to specific units or a specific number of sales in 2016. Regardless, these promotions signal that new home builders are taking action to reduce any negative price pressure that an overabundance of move-in-ready homes might have on their market throughout 2016 by addressing this situation at the beginning of the year. With all of this in mind, the fact remains that the level of choice for buyers has increased, along with their negotiation power. If a new home is on your radar, it may be wise to make that decision sooner rather than later.
Intelligence House is Alberta’s newest and most innovative Real Estate Marketing Agency with a focus on strategic market intelligence which includes full research, marketing and sales / leasing services for the real estate industry. Our Calgary office is now open!
intelligencehouse.ca From left to right: Emmett Hartfield Alex Ruffini Michael Melnychuk
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Advice | CONTEMPLATING CONDOMINIUMS
Condo options for seniors Market offers many types and prices
By Linda Palfi
MORE ADVICE ONLINE ypnexthome.ca/news/advice
SENIORS HAVE AN array of adult-
oriented housing options once the single-family home is too big or too much to take care of any more. Urban centres offer adult-oriented condominiums, adult age-restricted condos, aging-in-place staged condo housing and even life-lease options that are almost condos, but not quite. As well, while condos for seniors are commonly apartment-style, they can also be townhouses or bungalowstyle one-level attached homes. The housing industry is catering to the demographic bulge and relative wealth of seniors by building a huge range of brand-new age-specific housing, sometimes of luxurious quality. Yet some adult-oriented condo buildings have been around for decades, and offer modest, affordable, housing that is no more than many older people need or desire. Another option altogether, of course, is seniors-oriented rental housing, for those who no longer want money tied up in a home, or who may expect to relocate soon, perhaps to a care facility. When weighing the options, keep in mind the distinction between adultoriented developments and those that are actually age-restricted, as there’s a big difference. Many condo communities are marketed to mature and wealthier people, and most buyers will fit that demographic. Yet they are open to anyone, even with kids, who can afford to and who may choose to buy and live there. If you
truly want only same-age neighbours, you need to go beyond marketing and buy in a fully age-restricted condo development. Age restrictions can be set at over18, over-40, 50 or even 60 years of age. Keep in mind that the actual average age of residents will be 10 or 15 years older than the minimum. There may also be a very few residents younger than the minimum age, as usually only one person of a couple needs to be of the minimum age in order for the couple to qualify for residency. The value of age restriction in condominium is more than just keeping out the noisy young pups. A social group is created, and often amenities are available that together create a village atmosphere. Whether luxurious or modest, these condo communities usually offer a thriving in-house social life of movie nights, cribbage tournaments, billiard games, birthday parties and joint outings. Some are attached to a church that sponsored the development in the first place. Others lie alongside a golf course that acts as the backyard to all of the owners. A few have inhouse meals service as an option, so residents can move from independent living to partly-assisted living. A fairly new alternative is a “life
lease” purchase, which means you buy a contract right of occupancy for life, rather than owning the home outright. This looks and feels like condominium living, but it’s not, quite. The advantages include no legal costs to buy or sell, and the quick guaranteed “sale” of the home back to the sponsoring church or non-profit society when it’s time to move on. You buy the lease for an apartment or townhouse home at the current appraised value, and eventually sell back to the society at the appraised value at that time, which takes into account improvements you might have made. Is age restriction even legal? The courts seem to confirm that it’s reasonable discrimination to allow people to choose the nature of their social community, and customize it to that extent. As long as the restriction was disclosed at the outset, is detailed in the bylaws, and is registered as a restriction on every condominium property title before their sale to the initial buyers, the restriction is enforceable. An entirely different question would be converting an adult-oriented condo community to an agerestricted one. In law that would be exceedingly difficult, and politically it is virtually impossible. If we want an age-restricted condo community, there are a boggling number of options in most urban centres, so there’s no need to create your own. There are so many options, in fact, that you might want a realtor who knows the seniors’ market to serve you toward finding just the right one. Linda Palfi is a condominium specialist realtor with Discover Real Estate. She is the chair of her condo board, and a member of the professional standards committee of the Calgary Real Estate Board. Visit condosincalgary.com or call 403.998.7732
20 YPNEXTHOME.CA
Zen
Zen CG20160120.indd 1
21/01/2016 14:27
Advice | FUNDAMENTALLY SPEAKING
Window of opportunity Mortgage rates remain at historical lows, so take advantage while you can – but carefully By Wayne Karl
LAST YEAR was a notable one in the
mortgage world: The Bank of Canada dropped its influential overnight target rate – not once, but twice. In its latest announcement on Jan. 20, the BoC held the rate at 0.50 per cent – where it had been since July after dropping it from 0.75 per cent, where it had been since January 2015 when the Bank dropped it from one per cent. Just a bunch of numbers, right? Perhaps, but some experts are now saying rates won’t begin to inch up from these historical lows until 2017. This means an extended window of opportunity for those looking to buy a home. If you could lock in at a low rate over 10 years, for example, that gives you the comfort of knowing what your mortgage payments will be over that period, while over that time you can also take advantage of any pre-payment and lump-sum payment options to pay down your mortgage. Another appeal of this scenario is that, as we often point out, experts advise you take a longterm view of your home purchase. For example, some markets have recently experienced cooling prices and softening sales. But even if
ONLINE
that were to happen in your market and housing type, ask yourself: in 10 years, is a home you buy today likely to be worth more or less? If you need an answer to this question, just take a look back at prices 10 years ago. Of course, there are no guarantees, but if you’re in the homebuying mode anyway, today’s low rate environment makes a pretty compelling reason to act sooner than later to take advantage of these opportunities. Low rates notwithstanding, the banks, financial firms, brokers and other experts still advise homebuyers to practice smart borrowing. Experts stress that even as rates remain low, buyers should explore everything from putting down a larger down payment to taking advantage of pre-payment options to “stresstesting” your mortgage at a higher rate to ensure your finances can accommodate rate fluctuations or other unforeseen circumstances.
One day, the mortgage landscape will change. And if you’re among those homeowners who have been somewhat spoiled by continuing low rates, you could be could be in for an unpleasant surprise. Take advantage of today’s low rates while you can, but also spend the time necessary to find a broker or banker you trust, who knows their business, and who can help you explore what options might be best for you. More so than in any other area of homebuying, you’re going to rely on this advice – now more than ever. It will prove to be time well spent. Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at Twitter.com/ WayneKarl
Canada’s 7 hottest real estate markets With 2015 in the rear view mirror and the New Year upon us, it’s an appropriate time to take a look at Canada’s hottest real estate markets. While you might expect that Canada’s largest and most expensive markets such as Toronto and Vancouver are also the hottest, that’s not necessarily the case.
22 YPNEXTHOME.CA
Read the full story…
ypnexthome.ca/hottest-markets
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01 RIVERFRONT POINTE BY CARLISLE GROUP 325 3rd St. SW www.riverfrontpointe.ca
02 PARK POINT BY QUALEX-LANDMARK Coming Soon Register now at Qualex.ca/ ParkPoint
03 43 PARK BY VERICON REAL ESTATE VENTURES 43park.ca
04 WATERFRONT BY ANTHEM PROPERTIES 216 Riverfront Ave. S.W.
05 THE GUARDIAN BY HON TOWERS
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CALGARY EXIBITION AND STAMPEDE PARK
20 LIDO BY BATTISTELLA
ERLTON / STAMPEDE STATION
21 V&V BY PROVIDENCE GROUP
Sales Centre 1120 Kensington Rd
Register: einsteincalgary.com
23
06 AVENUE BY GROSVENOR & CRESSEY 1035 5th Ave. SW
07 SMITH BY GROSVENOR
Visit Sales Centre at 850-16th Ave. SW, 2nd Floor
08 DISTRICT BY BOULEVARD INVESTMENTS Sales Centre Now Open 305 18th Ave. SW
09 LiFFT BY VERICON REAL ESTATE VENTURES liveLiFFT.com
10 BRIDGELAND CROSSINGS BY GABLECRAFT HOMES bridgelandcrossings.ca
11 SOBOW BY M2I DEVELOPMENTS CORPORATION
22 ALEX BY ASSURED COMMUNITIES
Presentation Centre: 2719 14th St. SW
23 MISSION 34 BY ASSURED COMMUNITIES
98 Mission Road SW mission34.ca
24 RADIUS BY BUCCI DEVELOPMENTS Coming soon to Bridgeland www.bucci.com/radius
25 BRIDGELAND HILL BY GABLECRAFT HOMES 516 Edmonton Tr. NE
26 THE ROYAL BY EMBASSY BOSA 936 16TH Ave. SW www.theroyallife.ca
1640 17A St.
SEARCH ONLINE ypnexthome.ca
FEB 5 - MAR 4, 2016 | NEW CONDO GUIDE 25
Advice | CALGARYISM
Calgary is the world’s cleanest city! By Cody Battershill
MORE ADVICE ONLINE ypnexthome.ca/news/advice
IF YOU KEEP UP with the news, then
you likely already know that Calgary has been no stranger to critical acclaim from research institutions and media companies from around the world over the past several years. With awards such as the “fifth most livable city in the world” by the Economist Magazine under its belt – for five consecutive years, I might add – it’s probably no surprise to any of us that YYC was also named the “World’s Cleanest City” in 2015 by Mercer Global Financial. You see, many indicators used in these reports are quite similar. For example, those used by Mercer include the quality and availability of drinking water, waste management, pollution, sewage systems and traffic density to name a few. Some of these have to do with infrastructure relating to water and transportation which is also something that the Economist Magazine weighs in heavily on to determine its own statistics for the most livable cities. Without a doubt, the quality of infrastructure can be directly linked to the success of Green initiatives a city has that act to reduce poor health and unsanitary conditions. Because without large sewage drains, big landfills and public facilities to manage and deal with waste accordingly, issues would arise for such a place as large as Calgary. And as a matter of fact, our city was ranked the cleanest in the world because of its Green initiatives, not 26 YPNEXTHOME.CA
to mention bylaws such as $1,000 fines for littering. Simply dropping a cigarette butt on the street can get you stuck with one of these. But it really is Green initiatives such as Alberta’s Too Good to Waste program, which aims to divert as much waste as possible away from landfills, items like recyclables and other reusable parts, as well as other municipal programs such as Green Calgary that really make Calgary shine as the cleanest in the world. On a municipal basis, the Green Calgary program is just one of the initiatives that offer tips for all to living a Greener lifestyle such as packing a less-litter lunch for the kids or improving the compost for the yard. One of the long-term goals of this program is to be diverting 80 per cent of the cities total garbage away from landfills. The Green Calgary organization has been operating for nearly four decades – since 1978 – and also seeks to help locals
feel empowered in creating healthy communities and homes within through educating residents on the environment. Being born and raised in Calgary, I would always be the first to volunteer and tell you myself that YYC is a very clean place to live. But hey, don’t take my word for it this time around, but that of Mercer Global Financial and their findings for the “World’s Cleanest City” in 2015. Way to go Calgary! See more of everything to do with YYC today and follow us at Calgaryism on Twitter, Instagram and Facebook. We hope to see you there! Cody Battershill is the founder of Calgaryism and a top producing realtor at ReMax House of Real Estate. Born and raised in Calgary, Cody has a passion for helping his clients accomplish their real estate goals and loves to show off the best Calgary has to offer! He can be reached at 403.370.4180, @Calgaryism on Twitter and calgaryism.ca
WITHOUT A SHADOW OF A DOUBT FROM $ 32 0 ’S TO $ 1 . 7 M
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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. Jayman has been building homes for 35 years and within this, for nearly 15 years we have proudly built over 1700 multi-family homes for purchasers to enjoy. Modus offers more choice with the largest combination of interior options, amenities, models, building styles, communities, price points and services. With choices like this your new home is really only limited by your imagination.
SO BUILD YOUR HOME AROUND YOUR LIFE NOT THE OTHER WAY AROUND.
W........................................................... I T H M O D U S Y O U G E T. . . ■ ■ ■ a solid and thoughtfully designed product based on 35 plus years of
industry experience
■ ■ ■ the best in industry interest rates. ■ ■ ■ into your home easier with our DOWN PAYMENT SAVINGS PROGRAM ■ ■ ■ an improved QUALITY OF LIVING with included amenities like gyms,
courtyards, parks, party rooms and more
■ ■ ■ a smooth transition with our complimentary MOVING VAN ■ ■ ■ help selling your home for the best possible market value: ■ ■ ■ one year JAYMAN SERVICE WARRANTY ■ ■ ■ to save money on LEGAL FEES AND DISBURSEMENTS
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a true community experience Join Modus as we show you our world and interact with yours. Through fun contests, silly videos, unique ideas, community initiatives and our product showcases we genuinely would like your feedback, insight and participation. Feel free to ask us questions and tell us what you’d like to see from a homebuilder. While we are the builder you are ultimately the inspiration for what we do. So feel free to “like” us and dive right in. We’re looking forward to hearing from you!
FACEBOOK.COM/JAYMANMODUS TO KEEP UP TO DATE WITH EVERYTHING MODUS Condo Guide _Jan 2016.indd 3
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------ N E W ------
IN E ! V O OW M N
CHOOSE OPTIONS AT DESIGN CENTRE
2 & 3 bedroom townhomes with single, tandem and double heated garage A LITTLE OLD WORLD STYLE WITH A 15,000 SQ FT CENTRAL GREEN SPACE AMENITY TOT LOT, PATHWAYS AND BENCHES...
2 bedroom from $320’s (INC GST) | from $1375/month 3 bedroom from $350’s (INC GST) | from $1514/month • 1195 sq ft - 1725 sq ft • Ultimate of living with front and rear balconies on select homes • Single, tandem and double car garage • 6 NEW floor plans • 9’ ceiling • Stainless steel appliances • Washer & Dryer in laundry centre • Laminate flooring • Air conditioning • Hardwood flooring • Ceramic tile flooring plus much more available options
460 Nolan Hill Blvd NW jayman.com/carnaby Condo Guide _Jan 2016.indd 4
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IN VE ! O W M NO
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--- 3 N E W --SHOWHOMES NOW OPEN
2 & 3 bedroom townhomes with single, tandem and double car garage NOW FOR SOMETHING COMPLETELY DIFFERENT 2 bedroom from $328’s (INC GST) | from $1400/month 3 bedroom from $360’s (INC GST) | from $1577/month • 1200 sq ft - 1698 sq ft • 9’ ceilings on main floor • Single, tandem and double heated garage • Flex room on select homes • Stainless steel appliances • Laminate and ceramic tile flooring • Granite countertops • AC Rough-in • Upper level laundry with washer & dryer
47 EvansRidge Court NW jayman.com/avira Condo Guide _Jan 2016.indd 5
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IN E ! V O OW M N
--- OVER 90% --SOLD
AWARD WINNING 4 season lake community 2 & 3 bedroom townhomes with tandem & double heated garage 2 bedroom from $340’s (INC GST) | from $1471/month 3 bedroom from $360’s (INC GST) | from $1567/month • 4 floor plans • 1170 sq ft - 1649 sq ft • South facing living room and walkout entry to courtyard (select homes) • Walkout to dining room from courtyard (select homes) • Oversized kitchens and islands • Flex room • Upper level study area • Upper level laundry centre PREMIUM SPECIFICATIONS • Laminate & ceramic tile flooring • Granite countertops • Stainless steel appliances • Air conditioning
291 Mahogany Way SE jayman.com/ebony Condo Guide _Jan 2016.indd 6
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--- 2 N E W --SHOWHOMES NOW OPEN
BUILDING 1 95% SOLD
BUILDING 2 85% SOLD
BUILDING 3 45% SOLD
INNER CITY LIVING IN CURRIE BARRACKS 3 Building ~ 4 floors ~ Executive single level living 1- 3+ bedroom Residence and Penthouse Condos 870 sq ft to 1831 sq ft
from $450’s - $1.7m+ SPECIFICATIONS SET TO THE HIGHEST STANDARD EMBODY OUR COMMITMENT TO QUALITY • Airy 10’ ceiling heights • Quartz waterfall countertops • Engineered 5” wide solid hardwood flooring • Tile flooring • KitchenAid stainless steel high end appliances • KitchenAid stainless steel chimney range hood fan • Maytag front load washer and dryer • Painted ceiling • His n’ her sinks • Air conditioning • Oversized decks • Underground heated garage • Condominium Association Member - maintenance free lock and leave lifestyle
33 Burma Star Road SW jayman.com/overture Condo Guide _Jan 2016.indd 7
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AT HOME, AWAY FROM HOME. Moving into a community or considering a move into a new community can be a challenge. It can be difficult to reorient yourself and find all of the things and places that provide comfort. So at Modus we’ve developed a simple solution. A mobile amenities application that allows you to find what you want, complete with phone number and GPS locator to take you straight there. So enter one of the community URLs or download our Modus Matrix app on your Android phone or iPhone and scan this page to give it a try!
DOWNLOAD MODUS MATRIX APP & SCAN THIS PAGE Condo Guide _Jan 2016.indd 8
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BUYING A HOME IS POSSIBLE! ASK US ABOUT THE JAYMAN MODUS DOWN PAYMENT SAVINGS PROGRAM The Jayman Modus Down Payment Savings Program is an opportunity to continue saving money towards your down payment while your home is being built. Program suitable for Pre-Sale homes and homes with 6 month + occupancy.
Example. Purchase February 2016 with occupancy August 2016 Purchase Price
Payment Structure
330,000 plus GST 16,500 (GST) 5,940 (Rebate if applicable) 340,560 5% down $17,028 1000 7,514
Deposit Hold February 2.5% (consolidation - approximately 10 days)
Remaining 8,514 staggered monthly until last payment 45 days prior to possession March 1702.80
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April 1702.80
May 1702.80 June 1702.80 July 1702.80
1/27/2016 2:16:40 PM
IN ES E V W! OM O H M NOECT L N
O N LY 3 8
PRIME TOWNHOMES
SE
O
2 & 3 bedroom townhomes with heated garage WHILE THE VIEW WILL TAKE YOUR BREATH AWAY THE PRICE LETS YOU BREATH EASIER 2 bedroom from $330’s (INC GST) | from $1451/month 3 bedroom from $360’s (INC GST) | from $1545/month • 3 storey; 5 NEW models • 1267 sq ft - 1593 sq ft • Single and tandem heated garage • 9’ ceilings • Open concept • Den/flex space on entry level • Oversized kitchen/dining areas • Stainless steel appliances • Upper level laundry centre with washer & dryer • Air conditioning, caesarstone countertops, laminate and ceramic tile flooring available • Private community BBQ/Fire pit area and garden
501 River Heights Drive, Riversong Cochrane jayman.com/rise Condo Guide _Jan 2016.indd 10
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PRE REGISTER
FOR GRAND OPENING EVENT
2 & 3 bedroom townhomes with garage CARVE OUT YOUR PLACE IN LIFE
Opening March 2016 Introducing Monogram, the latest in a distinct line of 2 & 3 bedroom Townhome communities by Jayman Modus. Ideally framed within the backdrop of Calgary’s newest northeast community, everything your family needs to carve out your perfect life is here.
Redstone NE jayman.com/monogram Condo Guide _Jan 2016.indd 11
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The name Modus stands for how we do things. In the past 35 years we have learned that to improve the quality of our customers’ lives it’s important that we build around their lifestyles and not the other way around. This is how we do things. We are there for you through the entire process and have the experience and connections that no other multi family builder has. This ensures the smoothest transition possible during your home buying experience.
It’s just what we do.
SALES CENTRE HOURS MON TO THU 2 - 8 PM SAT/SUN 12 - 5 PM
jayman.com/modus /jaymanmodus
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Trending
Small space furniture gets smarter: Tips from Interior Design Show 2016 By Sonia Bell
THIS YEAR’S INTERIOR DESIGN SHOW (IDS16) featured amazing new products, companies and trends on the horizon. One trend on the forefront is that smaller furniture is getting even smarter. Here are our top picks from IDS16.
1. Transforming furniture by Resource Furniture Resource Furniture’s booth showcased how much you can do with a small space, especially if you have furniture that can serve more than one purpose. Their multifunctional, transformable furniture includes a back wall that converts into a bed. Additionally, their Picnic Bellagio coffee table doubles as a sit-down table. With just one swift motion, a part of the table raises, creating a bench that seats two. 2. Space-saving sinks by Nortesco These sinks were not necessarily designed for a small space — they’d look incredible in any kind of home, big or small. But imagine how useful they would be in a smallerthan-average bathroom; they take up less space, and have a modern ceiling-mounted faucet from Morpho. Put one
of these in your bathroom, and you’re left with a lot more wiggle room. 3. Furniture with storage by Newell Furniture A smaller space means less room for storage — that is, if your furniture doesn’t have hidden storage compartments. The Loft lift-up bed has an easily liftable mattress with extra storage space underneath. Another item showcased at Newell Furniture’s booth was the Dine coffee table that also features a storage area under its surface. 4. Three-in-one sinks by Blanco The sink accessories offered by Blanco are great for condo dwellers who typically don’t have a lot of kitchen counter space. You can add a cutting board, drying grid and food basket all within the confines of your kitchen sink. 5. Sectional by Style Garage A new sectional from Style Garage is exemplary of a new trend on the rise: custom-piece sofas that can be combined to fit in any space. Moreover, you can mix and match the colours to create an ombre look.
OWN WITH JUST $5,000* DOWN!
BRIDGELAND
HILL
MONTHLY MORTGAGE STARTING FROM $1,125*
1 BED HOMES FROM $249,900 · 2 BED + 2 BATHS FROM $349,900*
3 - PLAN D2 2 BED + DEN 810 SF NOW $359,900
PEACEFUL MASTER BEDROOM WITH SPACE TO DREAM
M OV E I N
PORCELAIN TILE FLOORING
ENSUITE
MASTER BEDROOM
BATH WD
THIS SUMMER
LIVING
ULTRA QUIET WASHER AND DRYER WITH CONVENIENT LINEN STORAGE
ENTRY
HIGH-QUALITY GERMAN MADE HARO LAMINATE FLOORS
KITCHEN DEN
HIGH GLOSS AND TEAK FINISH CABINETS WITH UNDER CABINET LIGHTING
1 - PLAN A1 1 BED 594 SF NOW $249,900
112 - PLAN C5 2 BED 840 SF NOW $369,900
LUXURIOUS QUARTZ COUNTERTOPS BEDROOM
2 - PLAN A3 1 BED 633 SF O L D S $292,900
BALCONY
STAINLESS STEEL APPLIANCES AND GAS RANGE
GABLECRAFTHOMES.CA 403 456 2329
PRESENTATION CENTRE 736 1ST AVE, NE · OPEN MON TO THU – 12PM TO 6PM FRIDAY – BY APPOINTMENT ONLY · SAT & SUN – 12PM TO 5PM
*SEE SALES STAFF FOR DETAILS. THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES TO THE INFORMATION CONTAINED HEREIN WITHOUT NOTICE. PRICING AND AVAILABILITY IS SUBJECT TO CHANGE WITHOUT NOTICE. RENDERING IS REPRESENTATIONAL. E.&O.E.
FEB 5 - MAR 4, 2016 | NEW CONDO GUIDE 27
Property Profile | APEX CITYHOMES
Bridgeland Crossings offers stellar location and finishings
OFFERING ONE OF THE BEST locations
in the city, premier finishings and a great price point has made Bridgeland Crossings a tremendous hit with buyers. Crafted by Apex Cityhomes, Bridgeland Crossings has been such a success that Phase 1 is sold out and Phase 2 is approximately 70 per cent sold. “The response from people has been really good,” says David Magnan, director of sales for Rennie Marketing Systems, which is managing sales and marketing of Bridgeland Crossings. “We’ve moved everyone into Phase 1 and we’re excited about the progress of construction on Phase 2.” One of the biggest draws for people to Bridgeland Crossings is the 28 YPNEXTHOME.CA
location, Magnan says. “Bridgeland Crossings is surrounded by two parks (McDougall and Murdoch) to the east and west, it’s within walking distance to Bridgeland Market, the Bridgeland community centre, it’s next to the C-Train and minutes from the downtown core for work. “Bridgeland is a community where people live and people play,” he adds, and Bridgeland Crossings residents can enjoy a variety of restaurants, coffee shops, services, parks and pathways. Phase 2 of Bridgeland Crossings presents 143 suites in an eightstorey building at the corner of Memorial Drive and 9th Street N.E. offering some phenomenal park and downtown views.
Location
Memorial Drive and 9th Street N.E. Builder
Apex Cityhomes Development
Bridgeland Crossings Home Type
One-, two- and threebedroom condo units Sales Centre
824 1st Ave. N.E., open noon to 6 p.m. weekdays except Fridays, and noon to 5 p.m. weekends Contact
403.269.2805 bridgelandcrossings.com
With Bridgeland Crossings, Apex has focused on creating spacious, livable floorplans at attractive price points starting from $319,000s that will appeal to first-time buyers, young professionals, people looking to downsize and empty-nesters. Buyers still have a choice of a good selection of floorplans including onebedrooms starting at 568 sq. ft., twobedrooms starting at 713 sq. ft. and two three-bedroom suites offering more than 1,100 sq. ft. Another major draw for buyers is “Apex has developed Bridgeland Crossings with high-end interior finishings,” Magnan says. Buyers will appreciate features such as Haro natural wood grain laminate flooring, quartz countertops, KitchenAid
gas cook top and wall oven, fullsized, french-door stainless steel Fisher Paykel refrigerator, built-in microwave, islands with eating bars, extra large decks, in-suite laundry with full-sized washer and dryer, pantry space, linear glass or natural stone backsplash, air-conditioning
and there is a double bathroom vanity in most of the larger suites for this phase. Suites in Phase 2 present a modern, updated, functional designs, and buyers can choose from two colour schemes. Each suite also includes one underground parking stall, a storage locker, and a technologypackage designed for today’s modern lifestyle, including motion sensors in the closets and NEST thermostats that can be run on your Smart phone “so people can control the temperature creating energy efficiency,” Magnan says. There is also a range of amenities onsite for residents to enjoy including a sports lounge with outdoor patio, fitness centre, movie theatre, dog wash station, huge raised courtyard with putting green, bike hub station, barbecue pits and a guest suite. The building itself boasts elegant architecture that fits in nicely with the community of Bridgeland – an established, quiet neighbourhood that is rich in heritage and culture. The community, which is going through redevelopment, is highly sought after because of its close proximity to downtown and its walkability factor. For more information on Bridgeland Crossings, and to learn more about special incentives available for buyers in Phase 2, you can visit the sales centre and showsuite – a popular two-bedroom plan – at 824 1st Ave. N.E., which is open noon to 6 p.m. weekdays except Fridays, and noon to 5 p.m. weekends, or call 403.269.2805 or visit online at bridgelandcrossings.com FEB 5 - MAR 4, 2016 | NEW CONDO GUIDE 29
BRIDGELAND’S BEST-SELLING COMMUNITY. MOVE IN THIS SPRING.
ASK GABLECRAFT HOW WE CAN HELP SELL YOUR CURRENT HOME.
“Bridgeland Crossings offers a location that is perfect for our lifestyle, we can walk to our favourite parks and restaurants, while not sacrificing space in our home” ~ Eddie and Helen - B Plan
PHASE 1 SOLD OUT PHASE 2 STARTING FROM 279,900* PRESENTATION CENTRE 824 1ST AVE, NE, Calgary
Open Mon To Thu – 12pm To 6pm • Friday – By Appointment Only Sat & Sun – 12pm To 5pm
403 269 2805 • BRIDGELANDCROSSINGS.COM
THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES TO THE INFORMATION CONTAINED HEREIN WITHOUT NOTICE. PRICING AND AVAILABILITY IS SUBJECT TO CHANGE WITHOUT NOTICE. RENDERING IS REPRESENTATIONAL. E&O.E
Here’s what you can do to Recycle, Renew and Reuse • Keep your car in good working order. Tune-ups and filter changes cut down on exhaust emissions, and you’ll get better gas mileage. When you change your oil, take your used motor oil to a recycling centre. • Use available transit alternatives. • Separate your garbage. Glass, aluminum, paper and even plastic can be recycled. If a recycling program is not directly available to you, contact your municipal sanitation department. • Donate reusable clothing and linens to charity. Most pick-up regularly in your area. • Become environmentally active in your community. You can make the world a better place to live... now and for future generations.
Recycle girl(19/9)-ja/ah
30 YPNEXTHOME.CA
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PROMO CODE: NEWCONDO *ON REGULAR ADULT ADMISSION
The Calgary Home + Garden Show is the most trusted resource for every home improvement project, inside and out. With big names like André Chevigny from HGTV’s Timber Kings and more than 650 exhibitors and a slew of exciting new features, there’s real advice, real inspiration and real experts at every turn.
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FEB 5 - MAR 4, 2016 | NEW CONDO GUIDE 33
BRAND NEW YEAR. BRAND NEW PRICE. VILLAGE TOWNHOMES NOW FROM $249,990
2 & 3 BEDROOM MODELS FRONT ATTACHED GARAGE
STARTING AT 1,086 SQ.FT.
GO TOWNHOME FOR UNDER $1,100 / MONTH* 201
COUNTRY HILLS BLVD
MÉTIS TRAIL NE
1A 1
STONEY TRAIL NE
SALES CENTRE
DEERFOOT TRAIL
201
ONLY $1,000 DOWN**
2
N
NO CONDO FEES FOR 2 YEARS***
2
FOR MORE INFORMATION ON OUR COMMUNITIES REGISTER AT MATTAMYHOMES.COM FOLLOW US SALES CENTRE HOURS: Monday - Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm Prices, specifications, promotions, terms and conditions subject to change without notice. * The calculated mortgage payment reflects 5% down, is inclusive of mortgage insurance requirements, assumes a 2.34% interest rate on a 3 year closed mortgage with 25 year amortization for the Bravo ‘A’. It is recommended that you speak with your mortgage professional regarding payment information that is specific to your qualifications. **$1,000 down to secure the home purchase with the remaining 5% of the down payment due upon the removal of conditions. ***Village Homes in Cityscape qualify for no condo fees for two years as discussed at the time of purchase. Please see your sales representative for details.
MATCALGARY-CS_NCG_Mag.indd 1
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METIS TRAIL
CENTRE STREET 12 AVENUE
104 Redstone View (off Redstone Way)
07 ARRIVE AT SKYVIEW RANCH ARBOURS BY PARTNERS DEVELOPMENT GROUP Coming Soon www.arrivehome.ca
13 V&V BY PROVIDENCE GROUP
IVE
IAL DR
R MEMO
Now Open Register: einsteincalgary.com
36 STREET
17 Ave
52 STREET
BLACKFOOT TRAIL
ELBOW DR IVE
06 ARRIVE AT REDSTONE BY PARTNERS DEVELOPMENT GROUP
64 Ave
16 AVENUE
02 43 PARK BY VERICON REAL ESTATE VENTURES
MacLEOD TRAIL
43park.ca
ANDERSON ROAD
DEERF
114 AVE SE
OOT T RA
IL
W BO M
AIL
VITT
D TR
McKE
LEO
Mac
IL TRA
EK P ARK
SHAWNESSY BLVD.
NEW BRIGHTON
TTO BO
CRE
84 STREET
52 STREET
BARLOW TRAIL
GLENMORE TRAIL
SOUTHLAND DRIVE
FISH
Coming Early 2016 Register: jayman.com/harana
13
17 Ave
GLENMORE RESERVOIR
05 HARANA TOWNHOMES BY JAYMAN MODUS
80 Ave
32 Ave
03 04 MEMO 02 01 RIAL D RIVE
Coming Soon bridgelandcrossings.com
Sales Centre 921 - 1st Ave. NE www.stepsbridgeland.com
MCKNIGHT BLVD.
16 AVENUE
01 BRIDGELAND CROSSINGS BY APEX CITY HOMES
04 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN.
68 STREET
14 STREET
.
Sales Centre #701, 7th Ave. NE livelifft.com
SADDLETREE DR.
52 STREET
CALGARY INTERNATIONAL AIRPORT
64 Ave
CRI J OW OHN CH L ILD AUR IE TR BLV AIL D
05 128 NE Ave
FA L RID CON GE
NOSE HILL PARK
EDMONTON TRAIL
SH AG AN
NA
PI
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TR A
ER
IL
CO
03 LiFFT BY VERICON REAL ESTATE VENTURES
STONEY TRAIL 06 07
COUNTRY HILLS BLVD.
FO OT TR AIL
VD. LS BL
Y HIL UNTR
S JAME
2:04 PM
NORTHEAST COMMUNITIES
U
MARQ
CHAPARRAL CRANSTON
AIL
NE TR
LOR IS OF
COPPERFIELD
ABURN BAY
SEARCH ONLINE ypnexthome.ca
FEB 5 - MAR 4, 2016 | NEW CONDO GUIDE 35
Advice | MORTGAGE ADVICE
Are mortgage rates on the rise? By Alyssa Richard
LAST MONTH, a couple of Canada’s
major banks announced they would raise mortgage rates. Is this a sign of things to come? In early January, Royal Bank of Canada announced it was raising rates on several mortgages. Its special offer five-year fixed closed rate increased by 10 basis points to 3.04 per cent. The bank also increased its two-, three-, and four-year fixed closed rates by 10 basis points. And its five-year variable closed increased by 15 basis points to prime minus 0.10 per cent. CIBC soon followed suit and raised its special offer rates as well. Many of the Big Six banks – TD, Scotiabank and National Bank – raised rates in the months before RBC did and no one seemed to notice. But because RBC is the largest bank in the country, people tend to take note. The big banks are raising rates because they expect interest rates to go up in the long term. Also, January isn’t a very competitive time of the year. Fewer people tend to buy homes because they don’t want to move in the winter. And banks aren’t as aggressive with rates because they don’t have to be. It’s not uncommon for rates to rise during a slower buying and selling season. But in the spring and summer, banks tend to be more aggressive and rates will likely go down again. But not all lenders have been raising rates. Recently, some smaller lenders have actually lowered their five-year fixed rates. It’s also an interesting time in the mortgage market because fixed-rate mortgages are heavily influenced by Canadian government bond yields. 36 YPNEXTHOME.CA
Many of the Big Six banks – TD, Scotiabank and National Bank – raised rates in the months before RBC did and no one seemed to notice. But because RBC is the largest bank in the country, people tend to take note. When bond yields decline, fixed-rate mortgages usually follow. On Jan. 13, five-year government bond yields dropped to a record low as the price of oil fell to its lowest level in more than a decade and because there are expectations that the Bank of Canada will cut its key interest rate – the overnight lending rate – again. On Jan. 20, the Bank of Canada (BoC) made its key interest rate announcement and there was speculation among many economists that there could be another cut. TD Economics says a “case exists for a rate cut” and CIBC Economics believes the odds are tilting ever so slightly on the side of a reduction. But not everyone expected a cut to be imminent. Economists at
MORE ADVICE ONLINE ypnexthome.ca/news/advice
Scotiabank predicted the BoC would pass on the opportunity to reduce the overnight rate, but further reductions are possible in the future. A cut will likely mean lenders would reduce their prime rates, which should lead to lower interest rates for variable-rate mortgages. Last year, the BoC cut the overnight rate twice. It’s remained at 0.50 per cent since July.
Alyssa Richard is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.
NORTHWEST COMMUNITIES
AIL E
NOSE HILL PARK
CENTRE STREET
SARCEE TRAIL
FO OT TR A
IL
19
15 THE GROVES OF VARSITY BY STATESMAN HOMES
5353 Crowchild Trail NW 16 AVENUE
18 SONOMA AT SAGE HILL BY VERTICAL PROPERTIES
881 Sage Valley Boulevard IV E D R www.sonomasagehill.com
ME M O R I AL
36 STREET
21 LIDO BY BATTISTELLA
17 Ave
Sales Centre 1120 Kensington Rd
04 WILLOW AT SHERWOOD BY AVI URBAN Visit Sales Centre at 64 Nolan Hill Gate
22 AVIRA TOWNHOMES IN EVANSRIDGE BY JAYMAN MODUS
05 ARRIVE AT EVANSTON BY PARTNERS DEVELOPMENT GROUP Symons Valley Parkway please call 587-755-1166
470 Evansridge Court
GLENMORE RESERVOIR
BARLOW TRAIL
3503 Sage Hill Drive NW
ER
14 UNIVERSITY CITY
32 AveBY KNIGHTBRIDGE
BLACKFOOT TRAIL
03 VIRIDIAN BY TRICO HOMES
12 EMERALD SKY BY CARLISLE GROUP
MacLEOD TRAIL
ORE BY BUCCI TRA IL 2nd Ave and 10th St. NW
Register today: Ezraonrileypark.com
355 Kincora Glen Rd. NW www.emeraldsky.ca
ELBOW DRI VE
175 Panatella Hill NW 02 KENSINGTON GLENM
DE
HA RV BLVEST H D N ILLS E
CALGARY INTERNATIONAL AIRPORT
21
37 STREET
01 PANORAMA WEST BY CARDEL LIFESTYLES
450 Sage Valley Dr.. NW
11 EZRA ON RILEY PARK BY BIRCHWOOD PROPERTIES
W
02
11
355 Nolan Crest Heights
10 SAGE PLACE BY CARDEL LIFESTYLES
IL N
16 AVENUE
69 STREET
85 STREET
TRA
64 Ave
OLD BANFF COACH ROAD
09 NOLAN PARK BY CARDEL LIFESTYLES
EDMONTON TRAIL
AG AN SH
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14 ST RE ET
CENTRE STREET
AIL TR NA PI
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08 CARNABY HEIGHTS TOWNHOMES IN NOLAN HILL BY JAYMAN MODUS
STONEY TRAIL NW
01 . BLVD S L IL H
NTRY COU BED DIN GTO N
JO HN CR LA OW UR 14 IE CH BLV ILD D. TR AIL
Sherwood Blvd at Sherwood Way NW Register Now www.thetimbers.gablecrafthomes.ca
460 Nolan Hill Blvd.
22
STONEY TRAIL NW
15
05
14 STREET
COUNTRY HILLS BLVD.
14TH ST NW
10 18 03 SY MO NS VA 08 06 07 LLEY RD 12 . 04
SYMONS VALLEY PKWY
09
85 ST. NW
ROCKY RIDGE BLVD.
144 AVE NW.
07 THE TIMBERS BY GABLECRAFT HOMES
SOUTHLAND DRIVE ANDERSON ROAD
DEERF
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ypnexthome.ca
S JAME
SEARCH ONLINE
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FEB 5 - MAR 4, 2016 | NEW CONDO GUIDE 37
Inspiration | The Scoop
the
SCOOP
Catch up on decor + reno news, inspiration, style + more By Elisa Krovblit
WHITE ON WHITE
Scoop the look! Sheepskin Throw ‹ Icelandic $369 | CB2.com
Flatwoven Rug ‹ Stockholm $249-$349 | ikea.ca
SHAPING UP TO BE ONE OF 2016’S HOTTEST TRENDS,
white on white is clean and elegant. Interest comes from combining pattern, textiles, objects and texture. It’s whimsical, sophisticated and fills the space with personality. This image, from designer Jo Alcorn, depicts just how inviting and compelling white can be. Photo courtesy of whitewashco.ca
Wave Collection ‹ Essex $40 | bouclair.com
2
Really, Really
RIDICULOUSLY
Condos BY TRICO COMMUNITIES
Good Looking... CONDOS! Affordable Condos in Sage Hill
890
Flexible Down Payment Plan Available
Monthly Payments Starting From
$
00* Includes PI & GST
*Price shown includes GST. Monthly payment is based on a starting price of $204,750. Payments are based on 5% down, with a 5-year fixed 2.69% interest rate, amortized over 25 years, OAC, payments do not include CMHC insurance fees or monthly condo fees. Price is subject to change without notice. E&OE. Some conditions apply.
BUILDING 5 JUST RELEASED! Visit our sales centre at 101 & 103, 12 Sage Hill Terrace NW or viridiancondos.ca 38 YPNEXTHOME.CA
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CALGARY’S SATELLITE COMMUNITIES 21 THE WHITNEY BY LANDMARK HOMES
22 04
1A
02 11 03 01 COCHRANE 08
211 & 215 Fireside Parkway Cochrane, AB
AIRDRIE
22
09
20
AIRDRIE
10 12 15
13 14
06
09 CREEKSIDE VILLAGE BY CARLISLE GROUP
2 21
07
05
2105 403 MacKenzie Way SW Airdrie, Alberta www.creeksidevillagecondos.ca
10 STONEKEEP AT KING’S STRATHMORE HEIGHTS TOWNHOMES BY MERGE 1 DEVELOPMENTS
1
CALGARY
1225 King’s Heights Way SE Airdrie, Alberta
CHESTERMERE
797
11 BRAND BY BIRCHWOOD
LANGDON
BLACK DIAMOND
22X
Coming Soon 169 Clydesdale Way Cochrane, Alberta
22X
22X
17
12 RAVENSWOOD TOWNHOMES BY SLOKKER CANADA WEST
2
2802 Kings Heights Gate
13 BROOKSIDE AT BAYSPRINGS BY MERGE DEVELOPMENTS
OKOTOKS
546
TURNER VALLEY
Yankee Valley Blvd. and 24th St. SW BrooksideAtBaysprings.com
2A
543 22
14 HILLCREST TOWNHOMES BY EXCEL HOMES
HIGH RIVER
COCHRANE 01 TOWNHOMES AT JUMPING POUND RIDGE BY SLOKKER CANADA WEST
Sales Centre on George Fox Trail just past Jumping Pound Terrace www.slokker-west.ca
02 HEARTLAND TOWNHOMES BY EXCEL HOMES 137 Heartland Way, Cochrane, Alberta
03 THE RISE BY JAYMAN MODUS
04 SUNSET RIDGE STREET TOWNS BY HOMES BY AVI 36 Sun Valley Road Cochrane, Alberta
05 STONECREEK LANDING BY CARLISLE GROUP
625 Glenbow, Cochrane, Alberta www.stonecreekcondos.ca
06 THE VILLAGE BY CALBRIDGE HOMES 3102-15 Sunset Square Cochrane, Alberta
07 RIVERREACH VILLAS & MANORS BY JAYMAN MASTERBUILT 13 Riviera Way Cochrane, Alberta
08 THE RANGE BY BIRCHWOOD PROPERTIES CORP. 101 Heartland Avenue Cochrane, Alberta
20 SUNSET BY JAYMAN INNOVATIONS
24 Sunset Rd. Cochrane, Alberta
101 Hillcrest Dr. SW Airdrie
15 ZEN RAVENSWOOD BY AVALON LETHBRIDGE MASTERBUILDER
Coming Soon Register: www.zenravenswood.com
17 ZEN OKOTOKS BY AVALON MASTERBUILDER
www.zeninbalance.com
22 SUNSETRIDGE TOWNHOMES BY EXCEL HOMES 24 Sunrise View Cochrane, AB
501 Riverheights Dr. Cochrane, AB
FEB 5 - MAR 4, 2016 | NEW CONDO GUIDE 43
Inspiration | STYLE FILE
ONLINE
Condofriendly plants
We can’t all have a green thumb, and we don’t all have the outdoor space needed for a garden, but these condo-friendly plants will satisfy your urge to plant.
1. The money tree
3. The snake plant
This plant comes in all shapes and sizes; they do not require too much direct sunlight and live well indoors. They only need water about once a week and if you’re lucky, they will bring you good fortune!
This plant is also known as “motherin-law’s tongue” and requires minimal light, a little water and will help purify the air in your condo.
2. Moth orchids Although they can be hard to bring back to life, orchids are beautiful flowers that usually last about five or six months with minimal care. They need only a bit of water about once a week, so be careful not to overwater.
See Jackie Marchildon’s full list of condo-friendly plants online. Read the full story… ypnexthome.ca/condo-friendly-plants
44 YPNEXTHOME.CA
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NOSE HILL PARK
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CALGARY INTERNATIONAL AIRPORT
64 Ave
16 AVENUE
ORE
TRA
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771 Patrick St. S.W.
36 STREET
17 Ave
14
02
07
08
05 15 11
09
GLENMORE RESERVOIR
2712 17th St. SW
08 ALEX BY ASSURED COMMUNITIES
Presentation Centre: 2719 14th St. SW
ANDERSON ROAD
DEERF
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10 VIVACE BY STREETSIDE DEVELOPMENTS
11 JUNO BY AVI URBAN
M
Sales Centre in Currie Barracks J5, 2953 Battleford Ave. SW
TR AIL
VITT
McKE
AIL D TR LEO SHERIFF KING ST. SW
Mac
S JAME
01
194 AVE
98 Mission Road SW mission34.ca
Presentation Centre: 2118, 8561-8A Ave. SE
TTO BO
EK P ARK
SHAWNESSY BLVD.
RAIL
09 MISSION 34 BY ASSURED COMMUNITIES
W BO
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12
06 LEGACY PARK BY BRAD REMINGTON
Register at: mylegacypark.ca
SOUTHLAND DRIVE
FISH
#101, 11 Burma Star Road
07 GLAS BY AVALON
BARLOW TRAIL
NM
13
04 THE LANDINGS BY STATESMAN
05 OVERTURE ESTATE IV E CONDO LIVING IN DR CURRIE BARRACKS BY JAYMAN MODUS
ME M O R I AL
37 STREET
GLE
69 STREET
85 STREET
10
16 AVENUE
MacLEOD TRAIL
SARCEE TRAIL
4
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
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TRAIL 12
03
2330 Fish Creek Blvd. SW www.sanderson-ridge.ca
01 HUNTER HOUSE BY STREETSIDE DEVELOPMENT 1020 194th Ave S.W. www.hunterhouseliving.com
02 BROOKLYN CONDOMINIUMS BY TRICO HOMES 1710-28 Ave. SW www.brooklyncondos.ca
03 WALDEN PLACE BY CARDEL LIFESTYLES
Coming Soon Register www.cardellifestyles.com
SANDERSON RIDGE ON FISH CREEK PARK BY TELSEC
13 ALTADORE 36 BY BROOKFIELD RESIDENTIAL
36th St. & 16th Ave SW Register Now www.altadore36.com
14 MAX TOWNHOMES BY ASSURED DEVELOPMENTS 1605 25 Ave SW
15 THE ARMORY BY COVE PROPERTIES Currie Barracks
Now open! Register today! www.mylegacypark.com 403.931.8558 FEB 5 - MAR 4, 2016 | NEW CONDO GUIDE 45
Neighbourhood Profile
MARDA LOOP Vibrant, bustling and well loved By Kait Kucy
MORE PHOTOS ONLINE ypnexthome.ca/marda-loop
estate markets. Despite the area being filled with higher end restaurants, there is still very affordable options for residents to eat out and entertain themselves. Since this is an area going through a bigger transition, the financial picture is also going through a big transition. LOCATED IN THE SW quadrant of
Calgary, Marda Loop is a vibrant and bustling part of the city. With a thriving restaurant and retail scene there are some serious foodies and shoppers that frequent the area. This neighbourhood is beautiful with local parks and gardens. Residents also really take care of their properties and you can witness this as you tour the community. Lifestyle Marda Loop’s bustling lifestyle is definitely a great place for anyone looking for a community full of the finer things in life. With plenty of great spots to eat and watering holes aplenty, foodies definitely flock to this neighbourhood. The South Calgary Community Association is overflowing with fun activities for everyone including an outdoor pool, beach volleyball courts and a community garden.
Vibe Marda Loop is a hip, young and trendy neighbourhood that is sought out by people from all over Calgary. Despite it being a bustling neighbourhood, Marda Loop definitely settles down in the evenings and is quite a calm and quiet area. If you love a party atmosphere just wait for Marda Gras in the summer – the neighbourhood is transformed into a giant street festival party. Meet the neighbours Filled with young families, established homeowners and students of Mount Royal University, Marda Loop is an active community. Residents love to spend time outdoors and visiting local shops and businesses, and take a particular liking to the outdoor pool and beach volleyball courts in summer. In the area Marda Loop is definitely above average regarding the rental and real
Planes, trains & automobiles Marda Loop is primarily a car area due to it being a bit further out from the Core. While there is reliable city buses frequenting the neighbourhood, the easiest way to get around is by vehicle. Marda Loop is located near to Crowchild Trail as well as 14th Street SW, making the access to the rest of the city. This is also a very walkable neighbourhood and is filled with local residents sharing the streets and parks. Real estate Marda Loop is a beautiful older neighbourhood filled with both heritage homes and new infills. This is a great neighbourhood for families as there is an incredible amount of recreational activities and parks. The downside is that the area is getting increasingly expensive, it has pushed out some families who cannot afford to live in this neighbourhood anymore.
Kait Kucy is a lifestyle and travel writer and blogger for online and print publications in Canada and the U.S.
46 YPNEXTHOME.CA
Glas
Glas CondoGuide 20160120.indd 1
19/01/2016 09:59
Homebuyers’ Help
Compare mortgage rates for your best deal CHARTERED BANKS ATB Financial Alterna Svgs/Alterna Bk
variable 2.6 4.00op 2.7
Bank of Montreal
2.7
Bank of Nova Scotia
2.7
Canadian Western Bank CFF Bank CIBC
2.7
ICICI Bank Canada Manulife Bank
2.75 2.4
National Bank
n/a
President’s Choice Finan Royal Bank
2.7 2.6
TD Canada Trust
2.6
Tangerine
2.7
6 months
1 year
2 years
3 years
4 years
5 years
4 4.00op 4 6.30op 4 6.75op 4.55 6.45op 4 6.45op
2.94 4.00op 2.85 6.30op 2.89 6.75op 3.29 6.50op 3.14 6.30op 2.69 2.84 6.35op 3.15 3 3.20op 3.14 6.70op
2.64
2.64
2.74
2.94
2.85
2.59
2.94
2.98
2.99
3.39
3.89
2.89
3.09
3.39
3.89
4.49
3.04
3.65
4.2
4.74
2.24 2.79
2.39 2.59
2.59 2.84
2.74 4.79
3.65 2.94
3.64 2.84
3.69 2.79
3.69 2.89
3.04
3.39
2.84
3.04
6.95op 4.45 4.4 6.70op
6.75op
3.14 6.75op 2.99 6.30op 3.19
2.79 2.39
3.34 2.74
3.99 2.84
4.44 3.04
2.84
3.39
2.74
2.94
3.24
3.49
3.69
3.79
3.14 2.89
3.25 2.59
3.95 3.39
4.39 3.89
4.64 4.64
3.35 6.30op 2.69 3.14 6.30op 3.29 6.50op
3.5
3.7
4.3
4.35
2.24 3.09
2.39 3.39
2.59 3.89
2.74 2.84
3.09
3.39
3.89
4.49
2.79 6.30op 2.29 2.89 6.50op 3.14 6.30op 3.25 6.25op 3.09 6.30op 2.8 2.95op 2.45
2.89
2.95
2.99
2.89
2.24 2.79
2.54 2.89
2.74 2.95
2.79 2.89
3.09
3.39
3.89
4.74
3.2
3.65
4
4.5
3.09
3.55
4.19
2.69
2.85
2.95
3.05
3.15
2.55
2.55
2.65
2.65
TRUST COMPANIES Community Trust Concentra Financial Effort Trust
n/a n/a 6.70op n/a
Home Trust Company Investors Group Trust
2.3 n/a
MTCC
2.7
6.5 5 6.30op 4.45 6.30op 3.95 4.2 6.50op 4.55 6.45op
OTHER FINANCIAL INSTITUTIONS Comtech Credit Union
2.45
First National Fin. LP IC Savings
2.7
London Life
n/a
Luminus Financial
3.25
Meridian Credit Union
2.5
Parama Credit Union
2.65
Steinbach Credit Union
2.25
6.2 6.40op 3.1 4.25 6.50op 4.2 6.50op
4
ONLINE CALCULATOR ypnexthome.ca/mortgage-calculator Notes: **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice. R.O.R.= RATES ON REQUEST op= OPEN -----= NOT QUOTING N/A= NOT AVAILABLE January 18, 2016. Prepared By Fiscal Agents Financial Information Services 905.844.7700
48 YPNEXTHOME.CA
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Ad Index
ADVERTISERS Albert Park Station - Carlisle Group
16
Jackson - Avi Urban
Arrive at Evanston - Partners Developments
39
Jumping Pound Ridge - Slokker West
Arrive at Redstone - Partners Developments
39
Juno - Avi Urban
51
Arrive at Skyview Ranch - Partners Developments
39
Legacy Gate - Carlisle Group
16
Avenue - Grosvenor
24
Legacy Park - Brad Remington Homes
52
Bayside at Brooksprings - Merge Developments
44
LIDO - Battistella
30
Brand - Birchwood Homes
42
Regatta - Brookfield Residential
19
Mattamy Homes - Mattamy Homes
34
31
Bridgeland Crossing - Apex CityHomes/Gablecraft Homes
28-30
Bridgeland Hill - Gablecraft Homes
27
Park Point - Qualex Landmark
Canoe - Avi Urban
51
Smith - Grosvenor
Champagne - Remington Development Corp.
3
Copperfield Park III - Brad Remington Homes
51
7
5
Stonekeep - Merge Developments
44
15
StreetTowns - Homes by Avi
23
Duke - Avi Urban
51
V&V - Providence Developments
33
Emerald Sky - Carlisle Group
41
Viridian - Trico
38
The Gates - Remington Development Corp.
14
Walden Place - Cardel Lifestyles
GLAS - Avalon Master Builder
47
Willow - Avi Urban
51
Zen Cranston - Avalon Master Builder
21
Zen Ravenswood - Avalon Master Builder
21
The Guardian - Hon Towers Ltd.
Heartland Townhomes - Excel Homes
INK - Battistella
Jayman Modus Pull out Booklet: Avira, Carnaby Heights, Ebony, Monogram, Overture, Rise
50窶ズPNEXTHOME.CA
4
43
6
1, 3, 11-13
AN OPPORTUNITY OF A LIFETIME
My
Condos from the low $100’s MAP IT!
Register today at mylegacypark.com
Sales Centre: Legacy Main Street and Legacy Blvd SE 403.931.8558 2:00-8:00pm Monday-Thursday 12:00-5:00pm Sat-Sun/Holidays